Document:

1st Amend to Loan Agreement

 EXHIBIT 10.20 
  
 AMENDED AND RESTATED 
 FIRST AMENDMENT TO LOAN AGREEMENT 
  
 THIS AMENDED AND RESTATED FIRST AMENDMENT TO LOAN AGREEMENT (this “Amendment”) is made as of the 31st day of July, 2003, by and among 4100 QUEST, LLC, a South Carolina limited liability company (the “Borrower”), CHANNELMAX, INC., a South Carolina corporation (“ChannelMax”),
SCANSOURCE, INC., a South Carolina corporation (“ScanSource”) (ScanSource and ChannelMax are collectively referred to herein as the “Guarantors”), and BRANCH BANKING AND TRUST COMPANY OF SOUTH CAROLINA (referred to herein as the
“Bank”). 
  
 R E C I T A L S: 
  
 The Borrower, ScanSource and the Bank have entered into a certain Loan
Agreement dated as of July 28, 2000 (referred to herein as the “Loan Agreement”). Capitalized terms used in this Amendment which are not otherwise defined in this Amendment shall have the respective meanings assigned to them in the Loan
Agreement. 
  
 The Borrower, the Bank and ScanSource entered into
an Amended and Restated Loan and Security Agreement on November 10, 2000, to be effective as of September 30, 2000, which, among other things, amended the term “Applicable Margin” as used in the Note (the “Amended and Restated
Agreement”). 
  
 The Borrower, the Guarantors, the Bank and
other banks party thereto have entered into that certain Credit Agreement dated July 26, 2001 (the “ScanSource Loan Agreement”). 
  
 The Borrower and Guarantors have requested the Bank to amend the Loan Agreement to modify certain provisions of the Loan Agreement as more fully set forth
herein. The Bank, the Guarantors and the Borrower desire to amend the Loan Agreement upon the terms and conditions hereinafter set forth. 
  
 NOW, THEREFORE, in consideration of the Recitals and the mutual promises contained herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Borrower, the Guarantors and the Bank, intending to be legally bound hereby, agree as follows: 
  
 SECTION 1. Recitals. The Recitals are incorporated herein by reference and shall be deemed to be a part of this Amendment. 

 SECTION 2. Amendments. The Loan Agreement is hereby amended as set forth in this Section 2.

  
 SECTION 2.01. Amendment to Section 1. Definitions.
Section 9.01 of the Loan Agreement is amended to add the following new definition: 
  
 “ScanSource Loan Agreement” means that certain Credit Agreement dated July 26, 2001, by and among ScanSource, Inc., 4100 Quest,
LLC, ChannelMax, Inc., the Banks party thereto, and Branch Banking and Trust Company of South Carolina, as Agent, as in effect on the date hereof without regard and without giving effect to any waivers given by the Banks (as defined in the
ScanSource Loan Agreement) or amendments agreed to by ScanSource, Inc. and the Banks (as defined in the ScanSource Loan Agreement). Any definitions, terms, covenants, representations or other provisions of the ScanSource Loan Agreement that are
incorporated herein will continue to be effective for purposes of this Agreement and the other Loan Documents, notwithstanding that the indebtedness under the ScanSource Loan Agreement has been or hereafter may be partially or fully repaid or the
fact that the ScanSource Loan Agreement otherwise might be terminated. 
  
 SECTION 2.02. Amendment to Section 3.08. Section 3.08 of the Loan Agreement is amended and restated to read, in its entirety, as follows: 
  
 3.08 [Intentionally Deleted]. 
  
 SECTION 2.03. Amendment to Section 4. Section 4 of the Loan Agreement is amended and restated to read, in its entirety, as follows: 
  
 SECTION 4. Representations and Warranties – ScanSource Loan
Agreement. The Borrower and Guarantors represent and warrant that (a) the representations and warranties contained in the ScanSource Loan Agreement are true and correct in all material respects; and (b) no Default (as defined in the ScanSource
Loan Agreement) or Event of Default (as defined in the ScanSource Loan Agreement), nor any act, event, condition or circumstance, which with the passage of time or the giving of notice, or both, would constitute an Event of Default (as defined in
the ScanSource Loan Agreement) under the ScanSource Loan Agreement or any other Loan Document (as defined in the ScanSource Loan Agreement) has occurred and is continuing unwaived on the date hereof. 
  
 SECTION 2.04. Amendment to Section 5. Section 5 of the Loan Agreement
is amended and restated to read, in its entirety, as follows: 
  
 SECTION 5. Covenants. The Borrower and Guarantors covenant and agree that, until payment in full of all indebtedness and performance of all obligations under the Loan Documents, the Borrower and Guarantors shall: 
  

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 SECTION 5.01. Information. Deliver to the Bank: 
  
 (a) as soon as available and in any event within 90 days
after the end of each fiscal year, a consolidated balance sheet of ScanSource, Inc. and its consolidated subsidiaries as of the end of such fiscal year and the related consolidated statements of income, shareholders’ equity and cash flows for
such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all certified by Deloitte & Touche, LLP or other independent public accountants of nationally recognized standing, with such certification
to be free of exceptions and qualifications not acceptable to the banks; 
  
 (b) as soon as available and in any event within 45 days after the end of each of the four fiscal quarters of each fiscal year, a consolidated balance sheet of ScanSource, Inc. and its consolidated subsidiaries as of
the end of such fiscal quarter and the related statement of income and statement of cash flows for such fiscal quarter and for the portion of the fiscal year ended at the end of such fiscal quarter, setting forth in each case in comparative form the
figures for the corresponding fiscal quarter and the corresponding portion of the previous fiscal year, all certified (subject to normal year-end adjustments) as to fairness of presentation, GAAP and consistency by the Chief Financial Officer of
ScanSource, Inc.; 
  
 (c) simultaneously with the
delivery of each set of financial statements referred to in clauses (a) and (b) above, a certificate, substantially in the form of Exhibit I to the ScanSource Loan Agreement (a “Compliance Certificate”), of the Chief Financial Officer of
ScanSource, Inc. (i) setting forth in reasonable detail the calculations required to establish whether ScanSource, Inc. was in compliance with the requirements of Sections 5.03 through 5.11, inclusive, 5.14, 5.29 and 5.30 of the ScanSource Loan
Agreement on the date of such financial statements, (ii) setting forth in reasonable detail the calculations establishing the identities of the Material Subsidiaries (as defined in the ScanSource Loan Agreement) on the date of such financial
statements, and (iii) stating whether any Default (as defined in the ScanSource Loan Agreement) exists on the date of such certificate and, if any Default (as defined in the ScanSource Loan Agreement) then exists, setting forth the details thereof
and the action which the Loan Parties (as defined in the ScanSource Loan Agreement) are taking or propose to take with respect thereto; 
  
 (d) simultaneously with the delivery of each set of annual financial statements referred to in clause (a) above, a statement of the firm
of independent public accountants which reported on such statements to 
  

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 the effect that nothing has come to their attention to cause them to believe that any Default (as defined
in the ScanSource Loan Agreement) existed on the date of such financial statements; 
  
 (e) within 5 Domestic Business Days after ScanSource, Inc. becomes aware of the occurrence of any Default (as defined in the ScanSource
Loan Agreement), a certificate of the Chief Financial Officer of ScanSource, Inc. setting forth the details thereof and the action which the Borrower is taking or proposes to take with respect thereto; 
  
 (f) promptly upon the mailing thereof to the shareholders of
ScanSource, Inc. generally, copies of all financial statements, reports and proxy statements so mailed; 
  
 (g) promptly upon the filing thereof, copies of all registration statements (other than the exhibits thereto and any registration
statements on Form S-8 or its equivalent) and annual, quarterly or monthly reports which ScanSource, Inc. shall have filed with the Securities and Exchange Commission; 
  
 (h) if and when ScanSource, Inc. or any member of the Controlled Group (as defined in the ScanSource Loan
Agreement) (i) gives or is required to give notice to the PBGC (as defined in the ScanSource Loan Agreement) of any “reportable event” (as defined in Section 4043 of ERISA) with respect to any Plan (as defined in the ScanSource Loan
Agreement) which might constitute grounds for a termination of such Plan (as defined in the ScanSource Loan Agreement) under Title IV of ERISA, or knows that the plan administrator of any Plan (as defined in the ScanSource Loan Agreement) has given
or is required to give notice of any such reportable event, a copy of the notice of such reportable event given or required to be given to the PBGC (as defined in the ScanSource Loan Agreement); (ii) receives notice of complete or partial withdrawal
liability under Title IV of ERISA, a copy of such notice; or (iii) receives notice from the PBGC under Title IV of ERISA of an intent to terminate or appoint a trustee to administer any Plan (as defined in the ScanSource Loan Agreement), a copy of
such notice; 
  
 (i) promptly after ScanSource,
Inc. knows of the commencement thereof, notice of any litigation, dispute or proceeding involving a claim against a Loan Party (as defined in the ScanSource Loan Agreement) and/or any subsidiary of a Loan Party (as defined in the ScanSource Loan
Agreement) for $500,000 or more in excess of amounts covered in full by applicable insurance (less applicable deductibles); and 
  

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 (j) from time to time such additional information regarding the financial position or
business of ScanSource, Inc. and its Subsidiaries (including, without limitation, the Borrower) as the Bank may reasonably request. 
  
 SECTION 5.02 Subsidiaries. (a) The Borrower and Guarantors shall cause any Person (as defined in the ScanSource Loan Agreement)
which becomes a Material Subsidiary (as defined in the ScanSource Loan Agreement) to become a party to, and agree to be bound by the terms of, this Agreement pursuant to a joinder agreement, in form and content satisfactory to the Bank in all
respects and executed and delivered to the Bank within ten (10) Domestic Business Days (as defined in the ScanSource Loan Agreement) after the day on which such Person became a Material Subsidiary. The Borrower and Guarantors shall also cause the
items specified in Section 3.01(c), (f), (h), (i) and (n) of the ScanSource Loan Agreement to be delivered to the Bank concurrently with the instrument referred to above, modified appropriately to refer to such instrument and such Material
Subsidiary. 
  
 (b) The Borrower and Guarantors
shall, and shall cause any subsidiary of the Borrower or Guarantors (the “Pledgor Subsidiary”) to, pledge as collateral for all indebtedness and the performance of all obligations under the Loan Documents the lesser of 65% or the entire
interest owned by ScanSource, Inc. and such Pledgor Subsidiary, of the shares of capital stock or equivalent equity interests in any Person which becomes a Material Foreign Subsidiary pursuant to a pledge agreement in form and content satisfactory
to the Bank executed and delivered by the Borrower or such Pledgor Subsidiary to the Bank within ten (10) Domestic Business Days after the day on which such Person became a Material Foreign Subsidiary and shall deliver to the Bank such shares of
capital stock together with stock powers executed in blank. ScanSource, Inc. shall also cause the items specified in Section 3.01(c), (f) and (n) of the ScanSource Loan Agreement to be delivered to the Bank concurrently with the pledge agreement
referred to above, modified appropriately to refer to such pledge agreement, pledgor and such Material Foreign Subsidiary. As used herein, “Material Foreign Subsidiary” means a Foreign Subsidiary (as defined in the ScanSource Loan
Agreement) which accounts for (or in the case of a recently formed or acquired Foreign Subsidiary (as defined in the ScanSource Loan Agreement) would so account for on a pro forma historical basis) at least 2% of Consolidated Net Income (as defined
in the ScanSource Loan Agreement) or has total assets of at least $100,000. The Borrower and the Guarantors acknowledge and agree that the Bank may at any one time after the Closing Date request the Borrower to obtain (and the Borrower shall deliver
to the Bank within 30 calendar days of such request) a legal opinion in form and content reasonably satisfactory to Bank from counsel licensed in Canada confirming that the Pledge Agreement constitutes a valid, enforceable and perfected first
priority security interest in and lien upon the 
  

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 Collateral (as defined in the Pledge Agreement) under the applicable laws of Canada. 
  
 (c) Once any Subsidiary becomes a Material Subsidiary and
therefore becomes a party to this Agreement in accordance with Section 5.02 or any shares of capital stock of a Material Foreign Subsidiary are pledged to the Bank in accordance with Section 5.02, such Subsidiary (including, without limitation, the
Guarantors) thereafter shall remain a party to this Agreement and the shares of capital stock in such Material Foreign Subsidiary (including, without limitation, all initial Material Foreign Subsidiaries) shall remain subject to the pledge to the
Bank, as the case may be, even if: (i) such Material Subsidiary ceases to be a Material Subsidiary; or (ii) such Foreign Subsidiary ceases to be a Material Foreign Subsidiary; provided that if a Material Subsidiary or Material Foreign Subsidiary
ceases to be a Subsidiary of ScanSource, Inc. as a result of the transfer or sale of one hundred percent (100%) of the capital stock of such Subsidiary in accordance with and to the extent permitted by the terms of Section 5.14 of the ScanSource
Loan Agreement, the Bank agrees to release such Subsidiary from the Guaranty and release the shares of capital stock of such Subsidiary from the Pledge Agreement. 
  
 (d) The Borrower and Guarantors acknowledge that ScanSource Properties, LLC is not a Guarantor because
ScanSource, Inc. has advised the Bank that ScanSource Properties, LLC is party to an agreement that prohibits ScanSource Properties, LLC from being a guarantor (the “Restrictive Provision”). The Borrower and Guarantors shall immediately
notify the Bank if there is any modification, expiration or termination of the Restrictive Provision. The Borrower and Guarantors shall cause ScanSource Properties, LLC to become a party to, and agree to be bound by the terms of, this Agreement
pursuant to a joinder agreement, in form and content satisfactory to the Bank in all respects and executed and delivered to the Bank within ten (10) Domestic Business Days after the day on which there is any modification, expiration or termination
of the Restrictive Provision which would allow ScanSource Properties, LLC to execute such documentation. The Borrower shall also cause the items specified in Section 3.01(c), (f), (h), (i) and (n) of the ScanSource Loan Agreement to be delivered to
the Bank concurrently with the instruments referred to above, modified appropriately to refer to such instrument and ScanSource Properties, LLC. 
  
 SECTION 5.03 ScanSource Loan Agreement. The Borrower and Guarantors covenant and agree that from the date hereof and until payment
in full of the Term Loan, and the payment in full of all other amounts owing under this Agreement and the other Loan Documents, the Borrower and Guarantors shall observe, perform and fulfill, for the benefit of the Bank, all of those covenants and
agreements, as the same are in effect on the date hereof, contained in the ScanSource Loan Agreement, as in effect on the date hereof, the provisions of which (including, where pertinent, the defined terms used in other Sections of the 

 

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 ScanSource Loan Agreement referenced, in such Sections) are incorporated herein by reference, without
regard and without giving effect to any waivers given by the Banks (as defined in the ScanSource Loan Agreement) with respect to, or amendments agreed to by the Borrower, the Guarantors and the Banks (as defined in the ScanSource Loan Agreement) of
any of such covenants and agreements, which covenants and agreements the Borrower and Guarantors will continue to observe, perform and fulfill for the benefit of the Bank notwithstanding that the indebtedness under the ScanSource Loan Agreement has
been or hereafter may be partially or fully repaid or the fact that the ScanSource Loan Agreement otherwise might be terminated. 
  
 SECTION 2.05. Amendment to Applicable Margin. The term “Applicable Margin” as defined on Schedule A to LIBOR Addendum attached to the
Note and as modified by the Amended and Restated Agreement shall mean the “Applicable Margin” determined in accordance with Section 2.06 of the ScanSource Loan Agreement, plus 0.15% per annum. For purposes of determining the Applicable
Margin for any day the Applicable Margin shall be determined in accordance with Section 2.06 of the ScanSource Loan Agreement and changes to the Applicable Margin shall be effective on the date of each such change. 
  
 SECTION 3. Conditions to Effectiveness. The effectiveness of this
Amendment and the obligations of the Bank hereunder are subject to the following conditions, unless the Bank waives such conditions: 
  
 (a) receipt by the Bank from each of the parties hereto of a duly executed counterpart of this Amendment signed by such party; 
  
 (b) receipt by the Bank from: (1) the Borrower of a Security Agreement
executed by the Borrower in form and content satisfactory to the Bank; and (2) ScanSource of a Security Agreement and a Guaranty Agreement executed by ScanSource in form and content satisfactory to the Bank; 
  
 (c) an opinion from Tennessee legal counsel confirming that the Mortgage
remains a valid and enforceable first priority lien upon the real property described therein; and 
  
 (d) the fact that the representations and warranties of the Borrower and Guarantors contained in Section 5 of this Amendment shall be true on and as of
the date hereof. 
  
 SECTION 4. No Other Amendment. Except
for the amendments set forth above, the text of the Loan Agreement shall remain unchanged and in full force and effect. This Amendment is not intended to effect, nor shall it be construed as, a novation. The Loan Agreement and this Amendment shall
be construed together as a single agreement. Nothing herein contained shall waive, annul, vary or affect any provision, condition, covenant or agreement contained in the Loan Agreement, except as herein amended, nor affect nor impair any rights,
powers or remedies under the Loan Agreement as hereby amended. The Bank does hereby reserve all of its rights and remedies against all parties who may be or may hereafter 
  

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 become secondarily liable for the repayment of the Note. The Borrower and Guarantors promise and agree to perform all of
the requirements, conditions, agreements and obligations under the terms of the Loan Agreement, as heretofore and hereby amended and the other Loan Documents, the Loan Agreement, as amended, and the other Loan Documents being hereby ratified and
affirmed. The Borrower and Guarantors hereby expressly agree that the Loan Agreement, as amended, and the other Loan Documents are in full force and effect. 
  
 SECTION 5. Representations and Warranties. The Borrower and Guarantors hereby represent and warrant to the Bank as follows: 
  
 (a) No Default (as defined in the ScanSource Loan Agreement) or Event of
Default (as defined in the ScanSource Loan Agreement), nor any act, event, condition or circumstance which with the passage of time or the giving of notice, or both, would constitute an Event of Default (as defined in the ScanSource Loan Agreement),
under the ScanSource Loan Agreement or any other Loan Document (as defined in the ScanSource Loan Agreement) has occurred and is continuing unwaived by the banks under the ScanSource Loan Agreement on the date hereof. 
  
 (b) The Borrower and Guarantors have the power and authority to enter into
this Amendment and to do all acts and things as are required or contemplated hereunder, or thereunder, to be done, observed and performed by them. 
  
 (c) This Amendment has been duly authorized, validly executed and delivered by one or more authorized officers of the Borrower and Guarantors and
constitutes legal, valid and binding obligations of the Borrower and Guarantors enforceable against them in accordance with their terms, provided that such enforceability is subject to general principles of equity. 
  
 (d) The execution and delivery of this Amendment and the performance
hereunder and thereunder by the Borrower and Guarantors do not and will not require the consent or approval of any regulatory authority or governmental authority or agency having jurisdiction over the Borrower or either Guarantor, nor be in
contravention of or in conflict with the articles of incorporation or bylaws of the Borrower or either Guarantor, or the provision of any statute, or any judgment, order or indenture, instrument, agreement or undertaking, to which the Borrower or
either Guarantor is party or by which the assets or properties of the Borrower or either Guarantor are or may become bound. 
  
 SECTION 6. Counterparts. This Amendment may be executed in multiple counterparts, each of which shall be deemed to be an original and all of which,
taken together, shall constitute one and the same agreement. 
  
 SECTION 7. Governing Law. This Amendment shall be construed in accordance with and governed by the laws of the State of South Carolina. 
  
 SECTION 8. Effective Date. This Amendment shall be effective as of March 1, 2003. 
  

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 SECTION 9. Release of ScanSource Properties, LLC. The Bank hereby releases ScanSource Properties,
LLC from the terms of the Loan Agreement and the Guaranty Agreement dated July 28, 2000, executed by ScanSource Properties, LLC for the benefit of the Bank respecting the indebtedness of the Borrower to the Bank. 
  
 [The remainder of this page intentionally left blank.] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused their respective duly authorized officers or
representatives to execute and deliver this Amendment as of the day and year first above written. 
  

		
	4100 QUEST, LLC	 	 
			
	By:	 	ScanSource, Inc., its sole member	 	 
				
	 	 	 By:
	 	 /s/    ILLEGIBLE

	 	(SEAL)
	 	 	 Title:
	 	 VP

	 	 
		
	SCANSOURCE, INC.	 	 
			
	 By:
	 	 /s/    ILLEGIBLE

	 	(SEAL)
	 Title:
	 	 President and CEO

	 	 
		
	CHANNELMAX, INC.	 	 
			
	 By:
	 	 /s/    ILLEGIBLE

	 	(SEAL)
	 Title:
	 	 President and CEO

	 	 

  
 [Remainder of
this page intentionally left blank] 
  

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	BRANCH BANKING AND TRUST COMPANY OF SOUTH
CAROLINA	 	 
			
	 By:
	 	  

	 	(SEAL)
	 Title:
	 	
	 	 

  

 11Separation Letter Agreement dated May 6, 2003, Wei Zhong Li

 Exhibit 10.26 
  
 May 6, 2003 
  
 Wei-Zhong Li 
 1829 Glacier Bay Terrace 
 San Jose, CA 95131 
  
 Dear Wei-Zhong: 
  
 This letter sets forth
the substance of the separation agreement (the “Agreement”) that Oplink Communications, Inc. (the “Company”) is offering to you to aid in your employment transition. 
  
 1. Separation and Administrative Leave. Your last day of work with the Company and your employment termination
date will be July 5, 2003 (the “Separation Date”). From now until the Separation Date, you will generally not be expected to report to work and will, unless otherwise informed at any time and from time to time, be placed on administrative
leave. You are not authorized to perform any work or otherwise act on the Company’s behalf during your administrative leave. You will continue to receive your current base salary and all current benefits, including but not limited to health
care coverage, FTO accrual, Company paid holidays, 401(k) participation, and long term disability coverage through the Separation Date. 
  
 2. Accrued Salary and Paid Time Off. On the Separation Date, the Company will pay you all accrued salary, and all accrued and unused FTO
earned through the Separation Date, subject to standard payroll deductions and withholdings. 
  
 3. Severance. Pursuant to the terms and conditions of the Company’s Severance Benefit Plan (the “Plan”) (attached as Exhibit A) and this Agreement, and subject to approval by the
Company’s Board of Directors, the Company will accelerate the vesting of your options dated September 28, 2001 (Option Numbers 00000097 and 20001015, for the purchase of a total of 500,000 shares at $0.66 per share), up through December 31,
2003, such that a total of 83,333 unvested shares subject to the said options shall vest and become immediately exercisable as of the Separation Date (the “Severance”). In order to eligible for the Severance, you must sign and return this
Agreement (without revoking) by the Separation Date. 
  
 4.
Health Insurance. You will be eligible for Company provided health benefits through the Separation Date. After the Separation Date, to the extent provided by the federal COBRA law and by the Company’s current group health insurance
policies, you will be eligible to continue your group health insurance benefits at your own expense. Later, you may be able to convert to an individual policy through the provider of the Company’s health insurance, if you wish. 
  
 5. Stock Options. Except otherwise provided in this Agreement,
vesting of your stock options will cease on May 6, 2003. You have ninety (90) days or three (3) months from Separation Date, as provided in your stock option agreement(s), to exercise the vested portion of your options. If your options are not
exercised within this time period, they will expire. 
  

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 6. Other Compensation or Benefits. You acknowledge that except as expressly provided in
this Agreement, you will not receive any additional compensation, severance or benefits after the Separation Date. 
  
 7. Expense Reimbursements. You agree that, within ten (10) days of the date of this Agreement, you will submit your final documented expense
reimbursement statement reflecting all business expenses you incurred through May 6, 2003 if any, for which you seek reimbursement. The Company will reimburse you for these expenses pursuant to its regular business practice. 
  
 8. Return of Company Property. Within ten (10) days of the date
of this Agreement, you agree to return to the Company all Company documents (and all copies thereof) and other Company property that you have had in your possession at any time, including, but not limited to, Company files, notes, drawings, records,
business plans and forecasts, financial information, specifications, computer-recorded information, tangible property (including, but not limited to, computers), credit cards, entry cards, identification badges and keys; and, any materials of any
kind that contain or embody any proprietary or confidential information of the Company (and all reproductions thereof). 
  
 9. Proprietary Information Obligations. You acknowledge your continuing obligations under your Proprietary Information and Inventions
Agreement, attached as Exhibit B. 
  
 10.
Confidentiality. The provisions of this Agreement will be held in strictest confidence by you and the Company and will not be publicized or disclosed in any manner whatsoever; provided, however, that: (a) you may disclose this
Agreement to your immediate family; (b) the parties may disclose this Agreement in confidence to their respective attorneys, accountants, auditors, tax preparers, and financial advisors; (c) the Company may disclose this Agreement as necessary to
fulfill standard or legally required corporate reporting or disclosure requirements; and (d) the parties may disclose this Agreement insofar as such disclosure may be necessary to enforce its terms or as otherwise required by law. In particular, and
without limitation, you agree not to disclose the terms of this Agreement to any current or former Company employee. 
  
 11. Nondisparagement. Both you and the Company’s officers agree not to disparage the other party, and the other party’s officers,
directors, employees, shareholders and agents, in any manner likely to be harmful to them or their business, business reputation or personal reputation; provided that both you and the Company will respond accurately and fully to any question,
inquiry or request for information when required by legal process. You also agree that you will not voluntarily assist any person in bringing or pursuing legal action against the Company, its agents, successors, representatives, employees and
related and/or affiliated companies based on events occurring prior to the Separation Date. 
  
 12. Release. In exchange for the consideration under this Agreement to which you would not otherwise be entitled, you hereby generally and completely release the Company and its directors, officers,
employees, shareholders, partners, agents, attorneys, predecessors, successors, parent or subsidiary entities, insurers, affiliates and assigns from any and all claims, liabilities and obligations, both known and unknown, that arise out of or are in
any way related to 
  

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 events, acts, conduct, or omissions prior to or on the date you sign this Agreement. This general release includes, but
is not limited to: (1) all claims arising out of or in any way related to your employment with the Company or the termination of that employment; (2) all claims related to your compensation or benefits from the Company, including salary, bonuses,
commissions, vacation pay, expense reimbursements, severance pay, fringe benefits, stock, stock options or any other ownership interests in the Company; (3) all claims for breach of contract, wrongful termination or breach of the implied covenant of
good faith and fair dealing; (4) all tort claims, including claims for fraud, defamation, emotional distress and discharge in violation of public policy; and (5) all federal, state, and local statutory claims, including claims for discrimination,
harassment, retaliation, attorneys’ fees, or other claims arising under the federal Civil Rights Act of 1964 (as amended), the federal Americans with Disabilities Act of 1990, the federal Age Discrimination in Employment Act of 1967 (as
amended) (the “ADEA”), or the California Fair Employment and Housing Act (as amended). 
  
 13. ADEA Waiver. You hereby acknowledge that you are knowingly and voluntarily waiving and releasing any rights you may have under the ADEA,
and that the consideration given for the foregoing waiver is in addition to anything of value to which you were already entitled. You have been advised by this writing, as required by the ADEA that: (a) your waiver and release do not apply to any
claims that may arise after your signing of this Agreement; (b) you should consult with an attorney prior to executing this release; (c) you have forty-five (45) days within which to consider this release (although you may choose to voluntarily
execute this release earlier); (d) you have seven (7) days following the execution of this release to revoke the Agreement; and (e) this Agreement will not be effective until the eighth day after this Agreement has been signed both by you and by the
Company. 
  
 14. Section 1542 Waiver. In
granting the release herein, which includes claims which may be unknown to you at present, you acknowledge that you have read and understand Section 1542 of the California Civil Code: “A general release does not extend to claims which the
creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.” You hereby expressly waive and relinquish all rights and
benefits under that section and any law of any jurisdiction of similar effect with respect to your release of any unknown or unsuspected claims herein. 
  
 15. Disclosure Under ADEA. Pursuant to 29 U.S.C. § 626(f)(1)(H), the Company provides disclosures concerning the availability of
separation benefits in Exhibit C attached hereto. 
  
 16.
Miscellaneous. This Agreement, including Exhibits B and C, constitutes the complete, final and exclusive embodiment of the entire agreement between you and the Company with regard to this subject matter. It is entered into without
reliance on any promise or representation, written or oral, other than those expressly contained herein, and it supersedes any other such promises, warranties or representations. This Agreement may not be modified or amended except in a writing
signed by both you and a duly authorized officer of the Company. This Agreement will bind the heirs, personal representatives, successors and assigns of both you and the Company, and inure to the benefit of both you and the Company, their heirs,
successors and assigns. If any provision of this Agreement is determined to be invalid or unenforceable, in 
  

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 whole or in part, this determination will not affect any other provision of this Agreement and the provision in question
will be modified by the court so as to be rendered enforceable. This Agreement will be deemed to have been entered into and will be construed and enforced in accordance with the laws of the State of California as applied to contracts made and to be
performed entirely within California. 
  
 If you accept this Agreement and wish to
receive the Severance Payment, please sign this Agreement and return the original to me by the Separation Date. 
  
 I wish you good luck in your future endeavors. 
  
 Sincerely, 
  
 OPLINK COMMUNICATIONS, INC. 
  
 By:   /s/ Bruce Horn 

	 	

 Bruce Horn 
 Chief Financial Officer 
  
 Exhibit A – Oplink Communications, Inc. Severance Benefit Plan 
 Exhibit
B – Proprietary Information and Inventions Agreement 
 Exhibit C – ADEA Disclosure 
  
 AGREED: 
  
 /s/ Wei-Zhong Li 

 Wei-Zhong Li 
  
  

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 EXHIBIT A 
  
 OPLINK COMMUNICATIONS, INC. SEVERANCE BENEFIT
PLAN 
  

 Exhibit B 
  

Proprietary Information and Inventions Agreement 

 Exhibit C 
  

ADEA DISCLOSURE 
  
 (TITLE 29 U.S. CODE SECTION 626(f)(1)(H)) 
  

	Confidentiality  Provision:	The information contained in this document is private and confidential. You may not disclose this information to anyone except your professional advisors.

  
 1. The termination program applies to certain of
those employees whose organizational units are: CTO. 
  
 2.
In the organizational units listed above, each employee whose job position will be eliminated on May 6, 2003, is eligible to participate in the termination program and receive compensation if the employee executes the release of claims
presented. 
  
 3. All eligible employees who have attained the age
of 40 years or older will have up to forty-five days to review the terms and conditions of the termination program and seven days to revoke the release. 
  

	EMPLOYEES ELIGIBLE FOR THE TERMINATION PROGRAM
	DEPARTMENT NAME	  	JOB TITLE	  	AGE
	CTO	  	SR VP OF R&D ENGINEERING	  	60
	CTO	  	CTO	  	43
	
	EMPLOYEES NOT ELIGIBLE FOR THE TERMINATION PROGRAM
	DEPARTMENT NAME	  	JOB TITLE	  	AGE

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00056-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00056-of-00352.parquet"}]]