Document:

Exhibit 10.3

EXECUTION COPY

UNCONDITIONAL GUARANTY

 This continuing Unconditional
Guaranty (“Guaranty”) is entered into as of June 29, 2006, by Ultra Clean Holdings,
Inc., a Delaware corporation (“Guarantor”), in favor of Silicon Valley Bank (“Bank”). 

RECITALS

      A. Concurrently herewith, Ultra Clean Technology Systems and Service, Inc., a California corporation (“Ultra Clean”), Bob Acquisition Inc. (and any successor by merger), a California corporation (“Bob”), Pete Acquisition LLC (to be renamed UCT Sieger Engineering LLC), a Delaware limited liability company
(“Sieger”, together with Ultra Clean and Bob, “Borrowers”) and Bank, have entered into that certain Loan and Security Agreement dated as of the date hereof, (as amended, restated, or otherwise
modified from time to time, the “Loan Agreement”) pursuant to which Bank has agreed to make certain
advances of money and to extend certain financial accommodations to Borrowers (collectively, the “Loans”), subject to the terms and conditions set forth therein. Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Loan Agreement. 

      B.
In consideration of the agreement of Bank to make the Loans to Borrowers under
the Loan Agreement, Guarantor is willing to guaranty the full payment and performance
by Borrowers of all of  their obligations thereunder and under the other Loan
Documents, all as further set forth herein.

     C. Guarantor
    is the corporate parent of Borrowers and will obtain substantial direct and
    indirect benefit from the Loans made by Bank to Borrowers under the Loan
    Agreement. 

      NOW, THEREFORE, to induce Bank to enter into the Loan Agreement, and for other good and
valuable consideration, the receipt and adequacy of which are hereby acknowledged, and intending to be legally bound, Guarantor hereby represents, warrants, covenants and agrees as follows:

     Section 1. Guaranty.

       1.1 Unconditional Guaranty.  In consideration of the foregoing, Guarantor hereby irrevocably, absolutely and unconditionally guarantees to Bank the prompt and complete payment and performance when due (whether at stated maturity, by
acceleration or otherwise) of all Obligations. Guarantor agrees that it shall execute such other documents or agreements and take such action as Bank shall reasonably request to effect the purposes of this Guaranty.

       1.2 Separate Obligations.  These obligations are independent of Borrowers’ obligations and separate actions may be brought against Guarantor (whether action is brought against Borrowers or
whether Borrowers are joined in the action). 

     Section 2. Representations and Warranties.

Guarantor hereby represents, warrants and covenants that:

     (a) Guarantor (i) is a corporation duly organized, validly
existing and in good standing under the laws of the State of Delaware; (ii) is duly qualified to do business and is in good standing in every jurisdiction where the nature of its business requires it to be so qualified (except where the failure to
so qualify would not have a material adverse effect on Guarantor’s condition, financial or

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otherwise, or on Guarantor’s ability to pay or perform the obligations hereunder); and (iii) has all requisite power and authority to execute and deliver this Guaranty and each Loan Document
executed and delivered by Guarantor pursuant to the Loan Agreement or this Guaranty and to perform its obligations thereunder and hereunder. 

     (b) The execution, delivery and performance by Guarantor of this Guaranty (i) are within Guarantor’s powers and have been duly authorized by all necessary action; (ii) do not contravene
Guarantor’s charter documents or any material law or any material contractual restriction binding on or affecting Guarantor or by which Guarantor’s property may be affected; (iii) do not require any authorization or approval or other
action by, or any notice to or filing with, any governmental authority or any other Person under any indenture, mortgage, deed of trust, lease, agreement or other instrument to which Guarantor is a party or by which Guarantor or any of its property
is bound, except such as have been obtained or made; and (iv) do not result in the imposition or creation of any Lien upon any property of Guarantor. 

     (c) This Guaranty is a valid and binding obligation of Guarantor, enforceable against Guarantor in accordance with its terms, except as the enforceability thereof may be subject to or limited
by bankruptcy, insolvency, reorganization, arrangement, moratorium or other similar laws relating to or affecting the rights of creditors generally.

     (d) There is no action, suit or proceeding affecting Guarantor pending or threatened before any court, arbitrator, or governmental authority, domestic or foreign, which could reasonably be
expected to have a Material Adverse Change. 

     (e) Guarantor’s obligations hereunder are not subject to any offset or defense against Bank or Borrowers of any kind. 

     (f) The audited financial statements of Guarantor, dated as of December 31, 2005, copies of which have been furnished to Bank, fairly present in all material respects the financial position and
results of operations for Guarantor for the dates and periods purported to be covered thereby, all in accordance with GAAP, and there has been no Material Adverse Change since the date of such financial statements. 

     (g) The incurrence of Guarantor’s obligations under this Guaranty will not cause Guarantor to (i) become insolvent; (ii) be left with unreasonably small capital for any business or
transaction in which Guarantor is presently engaged or plans to be engaged; or (iii) be unable to pay its debts as such debts mature. 

     (h) As of the Effective Date, Borrowers and Ultra Clean International Holding Company (“International”) are the only direct Subsidiaries of Guarantor. 

     (i) Guarantor covenants, warrants, and represents to Bank that all representations and warranties contained in this Guaranty shall be true at the time of Guarantor’s execution of this
Guaranty, and shall continue to be true at each time any credit is extended under the Loan Agreement. Guarantor expressly agrees that any misrepresentation or breach of any warranty whatsoever contained in this Guaranty shall be deemed material.

     Section 3. Covenants.

     Guarantor shall not do any of the following without Bank’s prior written consent:

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     (a) Create, incur, assume, or be liable for any Indebtedness, other than Indebtedness consisting of its Guaranty of the Equipment Financing. 

     (b) Other than Permitted Liens described in clauses (b) and (h) of the definition thereof, create, incur, or allow any Lien on any of its property except for the Lien of the Bank on its
beneficial ownership interest in Borrowers and International or permit any such beneficial ownership interest not to be subject to the first priority security interest granted under the Loan Agreement. 

     (c) Make any Investment or have any property other than its ownership interest in Borrowers and International other than Permitted Investments in Shanghai or the Acquisition made with
Restricted Payments permitted to be made pursuant to Section 7.7(b) of the Loan Agreement.   

     (d) Engage in any business other than holding its ownership interest in Borrowers and International. 

      Section 4. General Waivers. Guarantor waives: 

     (a) Any right to require Bank to (i) proceed against Borrowers or any other person; (ii) proceed against or exhaust any security or (iii) pursue any other remedy.
Bank may exercise or not exercise any right or remedy it has against Borrowers or any security it holds (including the right to foreclose by judicial or nonjudicial sale) without affecting Guarantor’s liability hereunder.

     (b) Any defenses from disability or other defense of Borrowers or from the cessation of Borrowers’ liabilities. 

     (c) Any setoff, defense or counterclaim against Bank. 

     (d) Any defense from the absence, impairment or loss of any right of reimbursement or subrogation or any other rights against Borrowers. Until Borrowers’
obligations to Bank have been paid, Guarantor has no right of subrogation or reimbursement or other rights against Borrowers. 

     (e) Any right to enforce any remedy that Bank has against Borrowers. 

     (f) Any rights to participate in any security held by Bank. 

     (g) Any demands for performance, notices of nonperformance or of new or additional indebtedness incurred by Borrowers to Bank. Guarantor is responsible for being and
keeping itself informed of Borrowers’ financial condition.

     (h) The benefit of any act or omission by Bank which directly or indirectly results in or aids the discharge of Borrowers from any of the Obligations by operation of
law or otherwise. 

     (i) The benefit of California Civil Code Section 2815 permitting the revocation of this Guaranty as to future transactions and the benefit of California Civil Code
Sections 2809, 2810, 2819, 2839, 2845, 2848, 2849, 2850, 2899 and 1432 with respect to certain suretyship defenses. 

      Section 5.  Real Property Security Waiver.  Guarantor
acknowledges that, to the extent Guarantor has or may have rights of subrogation or reimbursement against Borrowers for claims arising out of this Guaranty, those rights may be impaired or destroyed if Bank elects to proceed against any real
property security of Borrowers by non-judicial foreclosure. That impairment or destruction could, under certain judicial cases and based on equitable principles of estoppel, give rise to a defense by Guarantor 

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against its obligations under this Guaranty. Guarantor waives that defense and any others arising from Bank’s election to pursue non-judicial foreclosure.  Without limiting the generality of
the foregoing, Guarantor expressly waives all rights, benefits and defenses, if any, applicable or available to Guarantor under either California Code of Civil Procedure Sections 580a or 726, which provide, among other things, that the amount of any
deficiency judgment which may be recovered following either a judicial or nonjudicial foreclosure sale is limited to the difference between the amount of any indebtedness owed and the greater of the fair value of the security or the amount for which
the security was actually sold. Without limiting the generality of the foregoing, Guarantor further expressly waives all rights, benefits and defenses, if any, applicable or available to Guarantor under either California Code of Civil Procedure
Sections 580b, providing that no deficiency may be recovered on a real property purchase money obligation, or 580d, providing that no deficiency may be recovered on a note secured by a deed of trust on real property if the real property is sold
under a power of sale contained in the deed of trust. 

     Section 6.  Reinstatement.  Notwithstanding any provision of the
Loan Agreement to the contrary, the liability of Guarantor hereunder shall be reinstated and revived and the rights of Bank shall continue if and to the extent that for any reason any payment by or on behalf of Guarantor or Borrowers is rescinded or
must be otherwise restored by Bank, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, all as though such amount had not been paid.  The determination as to whether any such payment must be rescinded or restored
shall be made by Bank in its sole discretion; provided, however, that if Bank chooses to contest any such matter at the
request of Guarantor, Guarantor agrees to indemnify and hold harmless Bank from all costs and expenses (including, without limitation, reasonable attorneys’ fees) of such litigation.  To the extent any payment is rescinded or restored,
Guarantor’s obligations hereunder shall be revived in full force and effect without reduction or discharge for that payment. 

     Section 7. No Waiver; Amendments. No failure on the part of Bank
to exercise, no delay in exercising and no course of dealing with respect to, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or
the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. This Guaranty may not be amended or modified except by written agreement between Guarantor and Bank, and no consent or
waiver hereunder shall be valid unless in writing and signed by Bank.

      Section 8.  Compromise and Settlement.  No compromise,
settlement, release, renewal, extension, indulgence, change in, waiver or modification of any of the Obligations or the release or discharge of Borrowers from the performance of any of the Obligations shall release or discharge Guarantor from this
Guaranty or the performance of the obligations hereunder.

      Section 9. Notice. All notices or other communication
(collectively, “Communication”) herein required or permitted to be given, must be in writing and be delivered or sent by facsimile at the addresses or facsimile numbers listed below. Bank or Guarantor may change its notice address by
giving the other party written notice thereof. Each such Communication shall be deemed to have been validly served, given, or delivered: (a) upon the earlier of actual receipt and three (3) Business Days after deposit in the U.S. mail, registered or
certified mail, return receipt requested, with proper postage prepaid; (b) upon transmission, when sent by facsimile transmission (with such facsimile promptly confirmed by delivery of a copy by personal delivery or United States mail as otherwise
provided in this Section 9); (c) one (1) Business Day after deposit with a reputable overnight courier with all charges prepaid; or (d) when delivered, if hand-delivered by messenger, all of which shall be addressed to the party to be notified and
sent to the address or facsimile number indicated below. Bank or Guarantor may change its address, or facsimile number by giving the other party written notice thereof in accordance with the terms of this Section 9. 

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If to Guarantor:
		 
		
Ultra Clean Holdings, Inc.
	
	 	 

		 
		
150 Independence Drive
	
	 	 

		 
		
Menlo Park, CA 94025
	
	 	 

		 
		
Attn: Jack Sexton
	
	 	 

		 
		
Fax: 650-326-0929
	
	 	
If to Bank:
		 
		
Silicon Valley Bank – Mail Sort NC 200
	
	 	 

		 
		
3979 Freedom Circle, Suite 600
	
	 	 

		 
		
Santa Clara, CA 95054
	
	 	 

		 
		
Attn: Chitra Arunachalam
	
	 	 

		 
		
Fax: 408-654-5517
	

     Section 10.  Entire
  Agreement.
  This Guaranty, the Loan Agreement  and the other Loan Documents represent the
  entire agreement about this subject matter and supersede prior negotiations or
  agreements. All prior agreements, understandings, representations, warranties,
  and negotiations between the parties about the  subject matter of this Guaranty,
  the Loan Agreement and the other Loan Documents merge into this Guaranty, the
  Loan Agreement and the other Loan Documents..

      Section 11. Severability. If any provision of this Guaranty is
held to be unenforceable under applicable law for any reason, it shall be adjusted, if possible, rather than voided in order to achieve the intent of Guarantor and Bank to the extent possible. In any event, all other provisions of this Guaranty
shall be deemed valid and enforceable to the full extent possible under applicable law.

      Section 12. Subordination of Indebtedness. Any indebtedness or
other obligation of Borrowers now or hereafter held by or owing to Guarantor is hereby subordinated in time and right of payment to all obligations of Borrowers to Bank, except as such indebtedness or other obligation is expressly permitted to be
paid under the Loan Agreement; and such indebtedness of Borrowers to Guarantor is assigned to Bank as security for this Guaranty, and if Bank so requests shall be collected, enforced and received by Guarantor in trust for Bank and to be paid over to
Bank on account of the Obligations of Borrowers to Bank, but without reducing or affecting in any manner the liability of Guarantor under the other provisions of this Guaranty. Any notes now or hereafter evidencing such indebtedness of Borrowers to
Guarantor shall be marked with a legend that the same are subject to this Guaranty and shall be delivered to Bank. 

     Section 13. Grant of Security Interest. Guarantor hereby grants Bank, to secure the payment and performance in full of all of the obligations of Guarantor hereunder and under and each other Loan Document executed and delivered by Guarantor pursuant to the Loan Agreement or
this Guaranty, a continuing security interest in, and pledges to Bank, any and all properties, rights and assets of Guarantor described on Exhibit A hereto, wherever located, whether now owned or hereafter acquired or arising, and all proceeds and products thereof. 

     Section 14. Authorization to File Financing Statements. To the extent permitted by applicable law, Guarantor hereby authorizes Bank to file Uniform Commercial Code financing statements, without notice to Guarantor, with all appropriate jurisdictions to perfect or protect
Bank’s interest or rights under Section 13. 

 Section 15.  Payment of Expenses.  Guarantor shall pay, promptly
on demand, all Expenses incurred by Bank in defending and/or enforcing this Guaranty. For purposes hereof, “Expenses” shall mean costs and expenses (including reasonable fees and disbursements of any law firm or other external counsel and the allocated cost of internal legal services and all disbursements of internal counsel) for

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defending and/or enforcing this Guaranty (including those incurred in connection with appeals or proceedings by or against any Guarantor under the United States Bankruptcy Code, or any other
bankruptcy or insolvency law, including assignments for the benefit of creditors, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement, or other relief). 

      Section 16. Attorneys’ Fees, Costs and Expenses.  In any
action or proceeding between Guarantor and Bank arising out of or relating to this Guaranty, the prevailing party shall be entitled to recover its reasonable attorneys’ and other costs and expenses incurred, in addition to any other relief to
which it may be entitled.

      Section 17. Counterparts. This Guaranty may be executed in any
number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, are an original, and all taken together, constitute one Agreement.  To the extent that any provision of this Guaranty conflicts
with any provision of the Loan Agreement, the provision giving Bank greater rights or remedies shall govern, it being understood that the purpose of this Guaranty is to add to, and not detract from, the rights granted to Bank under the Loan
Agreement. 

      Section 18.  Choice Of Law, Venue and Jury Trial Waiver.
California law governs this Guaranty without regard to principles of conflicts of law.  Guarantor and Bank each submit to the exclusive jurisdiction of the State and Federal courts in Santa Clara County, California; provided, however, that nothing
in this Guaranty shall be deemed to operate to preclude Bank from bringing suit or taking other legal action in any other jurisdiction to realize on the Collateral or any other security for the Obligations, or to enforce a judgment or other court
order in favor of Bank. Guarantor expressly submits and consents in advance to such jurisdiction in any action or suit commenced in any such court, and Guarantor hereby waives any objection that it may have based upon lack of personal jurisdiction,
improper venue, or forum non conveniens and hereby consents to the granting of such legal or equitable relief as is deemed appropriate by such court. Guarantor hereby waives personal service of the summons, complaints, and other process issued in
such action or suit and agrees that service of such summons, complaints, and other process may be made by registered or certified mail addressed to Guarantor at the address set forth in Section 9 and that service so made shall be deemed completed
upon the earlier to occur of Guarantor’s actual receipt thereof or three (3) days after deposit in the U.S. mails, proper postage prepaid. 

     TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW GUARANTOR AND BANK EACH WAIVE THEIR RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF OR BASED
UPON THIS GUARANTY, INCLUDING CONTRACT, TORT, BREACH OF DUTY AND ALL OTHER CLAIMS. THIS WAIVER IS A MATERIAL INDUCEMENT FOR BOTH PARTIES TO ENTER INTO THIS GUARANTY. EACH PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL. 

     WITHOUT INTENDING IN ANY WAY TO LIMIT THE PARTIES’ AGREEMENT TO WAIVE THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY, if the above waiver of the right to a trial by
jury is not enforceable, the parties hereto agree that any and all disputes or controversies of any nature between them arising at any time shall be decided by a reference to a private judge, mutually selected by the parties (or, if they cannot
agree, by the Presiding Judge of the Santa Clara County, California Superior Court) appointed in accordance with California Code of Civil Procedure Section 638 (or pursuant to comparable provisions of federal law if the dispute falls within the
exclusive jurisdiction of the federal courts), sitting without a jury, in Santa Clara County, California; and the parties hereby submit to the jurisdiction of such court. The reference proceedings shall be conducted pursuant to and in accordance
with the provisions of California Code of Civil Procedure §§ 638 through 645.1, inclusive.

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The private judge shall have the power, among others, to grant provisional relief, including without limitation, entering temporary restraining orders, issuing preliminary and permanent
injunctions and appointing receivers. All such proceedings shall be closed to the public and confidential and all records relating thereto shall be permanently sealed. If during the course of any dispute, a party desires to seek provisional relief,
but a judge has not been appointed at that point pursuant to the judicial reference procedures, then such party may apply to the Santa Clara County, California Superior Court for such relief. The proceeding before the private judge shall be
conducted in the same manner as it would be before a court under the rules of evidence applicable to judicial proceedings. The parties shall be entitled to discovery which shall be conducted in the same manner as it would be before a court under the
rules of discovery applicable to judicial proceedings. The private judge shall oversee discovery and may enforce all discovery rules and order applicable to judicial proceedings in the same manner as a trial court judge. The parties agree that the
selected or appointed private judge shall have the power to decide all issues in the action or proceeding, whether of fact or of law, and shall report a statement of decision thereon pursuant to the California Code of Civil Procedure § 644(a).
Nothing in this paragraph shall limit the right of any party at any time to exercise self-help remedies, foreclose against collateral, or obtain provisional remedies.  The private judge shall also determine all issues relating to the applicability,
interpretation, and enforceability of this paragraph. 

     Section 19.  Assignment.  This
Guaranty shall be binding upon and inure to the benefit of Guarantor and Bank and their respective successors and assigns, except that Guarantor shall not have the right to assign its rights hereunder or any interest herein without the prior written
consent of Bank, which may be granted or withheld in Bank’s sole discretion.  Any such purported assignment by Guarantor without Bank’s written consent shall be void. 

     Section 20.  Name Change of Pete Acquisition to UCT Sieger Engineering LLC. Substantially simultaneously with the consummation of the Acquisition, the name of Pete Acquisition LLC shall be changed to UCT Sieger Engineering LLC by filing such name change with the Secretary of State of
the State of Delaware. From and after such time, all references to Sieger shall mean UCT Sieger Engineering LLC, a Delaware limited liability company. 

[Signature Page Follows]

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     IN WITNESS WHEREOF, the undersigned has caused this Unconditional Guaranty to be duly executed by its officer thereunto duly authorized as of the first date written
above. 

  	 GUARANTOR: 
	 	 	 
	 ULTRA
      CLEAN HOLDINGS, INC. 
	 	 	 
	By:	 
	 	

	 	Name:	 
	 	Title:	 

  

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EXHIBIT A

The Collateral consists
of all of Guarantor’s right, title and interest in and to the following
personal property:

     All goods,
    Accounts (including health-care receivables), Equipment, Inventory, contract
    rights or rights to payment of money, leases, license agreements, franchise
    agreements, General Intangibles, commercial tort claims, documents, instruments
    (including any promissory notes), chattel paper (whether tangible or electronic),
    cash, deposit accounts, fixtures, letters of credit rights (whether or not
    the letter of credit is evidenced by a writing), securities, and all other
  investment property, supporting obligations, and financial assets, whether
  now owned or hereafter acquired, wherever located; and

     all Guarantor’s
      Books relating to the foregoing, and any and all claims, rights and interests
      in any of the above and all substitutions for, additions, attachments, accessories,
    accessions and  improvements to and replacements, products, proceeds and insurance
    proceeds of any or all of the foregoing. 

     Notwithstanding the foregoing, the “Collateral” does not include more than 65% of the presently existing and hereafter arising issued and outstanding
shares of capital stock owned by Guarantor of any Foreign Subsidiary which shares entitle the holder thereof to vote for directors or any other matter. 

-9-Exhibit 10.4

EXECUTION COPY

SECURITIES PLEDGE AGREEMENT

     This SECURITIES PLEDGE AGREEMENT
(this “Agreement”) is made as of June 29, 2006, by and between ULTRA CLEAN HOLDINGS, INC., a Delaware corporation (“Pledgor”), in favor of SILICON VALLEY BANK, a California corporation ( “Bank”). 

     WHEREAS, Ultra Clean
  Technology Systems and Service, Inc., a California corporation (“Ultra Clean”), Bob Acquisition Inc. (and any
  successor by merger), a California corporation (“Bob”), Pete Acquisition LLC (to be renamed UCT
Sieger Engineering LLC), a Delaware limited liability company (“Sieger”, together with Ultra Clean and
Bob, “Borrowers”) and Bank are parties to that certain Loan and Security Agreement, dated as of the
date hereof (as amended, modified, supplemented or restated and in effect from time to time, the “Loan Agreement”).

      WHEREAS, Pledgor is the
  direct legal and beneficial owner of all of the issued
  and outstanding capital stock, all of the units of outstanding membership interests or other equity interests, as the case may be, of each of the entities set forth on Annex A hereto (the “Subsidiaries”); and 

     WHEREAS, it is a condition precedent to Bank making any Credit Extensions or otherwise extending
credit to Borrowers under the Loan Agreement that Pledgor execute and deliver to Bank a pledge agreement in substantially the form hereof; and 

     WHEREAS, Pledgor wishes to grant pledges and security interests in favor of Bank as herein provided. 

     NOW, THEREFORE, in consideration of the premises contained herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

     1. Pledge of Securities, etc.

        1.1. Pledge of Securities.  Pledgor hereby pledges, assigns and grants a security interest in, mortgages, collaterally assigns and delivers to Bank all the right, title and interest of Pledgor in
    and to all of the shares of capital stock, partnership interests, limited liability company membership units or other units of equity ownership of every class of each of its Subsidiaries, wherever located and whether now owned or hereafter acquires
    or arising, as more fully described on Annex A hereto, including without limitation, with respect to any Subsidiary which is a limited liability company or a partnership, (a) all payments or distributions, whether in
    cash, property or otherwise, at any time owing or payable to Pledgor on account of its interest as a member or as a partner, as the case may be, in any of its Subsidiaries or in the nature of a management, investment banking or other fee paid or
    payable by any of the Subsidiaries to Pledgor, (b) all of Pledgor’s rights and interests under each of the partnership agreements or operating agreements, as applicable, including all voting and management rights and all rights to grant or
    withhold consents or approvals, (c) all rights of access and inspection to and use of all books and records, including computer software and computer software programs, of each of the Subsidiaries, (d) all other rights, interests, property or claims
    to which Pledgor may be entitled in its capacity as the sole member of any Subsidiary of Pledgor, and (e) all proceeds, income from, increases in and products of any of the foregoing to be held by Bank subject to the terms and conditions hereinafter
    set forth. The certificates for

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    such shares, membership units, partnership interests or other units of equity ownership of every class of the capital stock or other equity interest of its Subsidiaries, to the extent that such
    interests are represented by certificates, accompanied by stock powers or other appropriate instruments of assignment thereof duly executed in blank by Pledgor, have been delivered to Bank. Notwithstanding the foregoing, Pledgor shall not be
    required to pledge more than sixty-five percent (65%) of the shares of capital stock, partnership interests, limited liability company membership units or other units of equity ownership of every class of any of its Foreign Subsidiaries. Pledgor
    further represents and warrants that none of the limited liability company membership units or the partnership interests of Pledgor issued by any Subsidiary is a security governed by Article 8 of the Uniform Commercial Code of the jurisdiction in
    which such Subsidiary is organized. 

        1.2. Additional Securities.  In case Pledgor shall acquire any additional capital stock or other equity interest of any Subsidiary of Pledgor or any newly-created or acquired Subsidiary or
    corporation, partnership, limited liability company or other entity which is the successor of any Subsidiary of Pledgor, or any securities exchangeable for or convertible into shares of such capital stock or other equity interest of any class of any
    Subsidiary of Pledgor, by purchase, stock dividend, stock split or otherwise, then Pledgor shall forthwith deliver to and pledge such capital stock or other equity interests shall be subject to the pledge, assignment and security interest granted to
    Bank under this Agreement and shall deliver to Bank forthwith any certificates therefor, accompanied by stock powers or other appropriate instruments of assignment duly executed by Pledgor in blank.  Pledgor agrees that Bank may from time to time
    attach as Annex A hereto an updated list of the shares of capital stock or other equity interests at the time pledged with Bank hereunder. Notwithstanding the foregoing, Pledgor shall not be required to pledge more than sixty-five
    percent (65%) of the shares of capital stock, partnership interests, limited liability company membership units or other units of equity ownership of every class of any of its Foreign Subsidiaries. 

        1.3. Pledge of Cash Collateral Account.  Pledgor also hereby pledges, assigns, grants a security interest in, and delivers to Bank the Cash Collateral Account and all of the Cash Collateral as
    such terms are hereinafter defined. 

        1.4. Waiver of Certain Operating Agreement Provisions.  To the extent permitted by applicable law, Pledgor irrevocably waives any and all provisions of the operating agreements of each Subsidiary of
    Pledgor (as applicable) that (a) prohibit, restrict, condition or otherwise affect the grant hereunder of any Lien on any of the Securities Collateral or any enforcement action which may be taken in respect of any such Lien or (b) otherwise conflict
    with the terms of this Agreement. 

     2. Definitions.
The term “Obligations” and all other capitalized terms used herein without definition shall have the respective meanings provided therefor in the Loan Agreement. Terms used
herein and not defined in the Loan Agreement or otherwise defined herein that are defined in the Uniform Commercial Code as in effect in the State of California (the “UCC”) have such defined meanings herein (with terms used in Article 9 controlling over terms used in another Article), unless the context otherwise indicates or
requires, and the following terms shall have the following meanings: 

     Cash Collateral. See Section 4.

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     Cash Collateral Account. See Section 4.

     Securities.  Includes the shares of stock, membership interests, partnership interests or other
equity interests described in Annex A attached hereto and any additional shares of stock, membership interests, partnership interests or other equity interests at the time pledged with Bank hereunder and the interests described in clauses
(a)-(e) of Section 1.1 of this Agreement. 

     Securities Collateral.  The property at any time pledged to Bank hereunder
  (whether described herein or not) and all income therefrom, increases therein and proceeds thereof, including without limitation that included in Cash Collateral.  The term does not include any income, increases or proceeds received by Pledgor to
  the extent expressly permitted by Section 6. 

     Time Deposits. See Section 4.

     3. Security for Obligations.  This Agreement and the security interest in and pledge of the Securities Collateral hereunder are made with and granted to Bank as security for the payment and
performance in full of all the Obligations (including all such Obligations which would become due but for the operation of the automatic stay pursuant to §362(a) of the Bankruptcy Code of the United States and the operation of
§§502(b) and 506(b) of the Bankruptcy Code of the United States). 

     4. Liquidation, Recapitalization, etc.

        4.1. Distributions Paid to Bank.  Any sums or other property paid or distributed upon or with respect to any of the Securities, whether by dividend or redemption or upon the liquidation or dissolution
    of the issuer thereof or otherwise, shall, except to the extent provided in Section 6, be paid over and delivered to Bank as security for the payment and performance in full of all of the Obligations. In case, pursuant to the recapitalization or
    reclassification of the capital of the issuer thereof or pursuant to the reorganization thereof, any distribution of capital shall be made on or in respect of any of the Securities or any property shall be distributed upon or with respect to any of
    the Securities, the property so distributed shall be delivered to Bank to be held by it as security for the Obligations.  Except to the extent provided in Section 6, all sums of money and property paid or distributed in respect of the Securities,
    whether as a dividend or upon such a liquidation, dissolution, recapitalization or reclassification or otherwise, that are received by Pledgor shall, until paid or delivered to Bank, be held in trust for Bank as security for the payment and
    performance in full of all of the Obligations. 

        4.2. Cash Collateral Account.  All sums of money that are delivered to Bank pursuant to this Section 4 shall be deposited into an interest bearing account with Bank or, if Bank is not the depositary
    bank, to an interest bearing account in the name of Bank as customer with a depositary bank satisfactory to Bank (any such account, whether maintained with Bank or in Bank’s name as customer being herein referred to as the
“Cash Collateral Account”).  Some or all of the funds from time to time in the Cash Collateral Account
    may be invested in time deposits, including, without limitation, certificates of deposit issued by Bank (such certificates of deposit or other time deposits being hereinafter referred to, collectively, as “Time Deposits”), that are satisfactory to Bank after consultation with Pledgor, provided, that, in each such case, arrangements satisfactory to Bank are made and are in place to perfect and to insure the first priority of Bank’s security interest
    therein. Interest earned on the Cash Collateral Account and on

- 4 -

  
    the Time Deposits, and the principal of the Time Deposits at maturity that is not invested in new Time Deposits, shall be deposited in the Cash Collateral Account.  The Cash Collateral Account,
    all sums from time to time standing to the credit of the Cash Collateral Account, any and all Time Deposits, any and all instruments or other writings evidencing Time Deposits and any and all proceeds or any thereof are hereinafter referred to as
    the “Cash Collateral.” 

        4.3. Pledgor’s Rights to Cash Collateral, etc.  Except as otherwise expressly provided in Section 16, Pledgor shall not have the right to withdraw sums from the Cash Collateral Account, to receive
    any of the Cash Collateral or to require Bank to part with Bank’s possession of any instruments or other writings evidencing any Time Deposits. 

     5. Warranty of Title; Authority. Pledgor hereby represents and warrants that: (a) Pledgor has good and marketable title to, and is the sole record and beneficial owner of, the Securities described in
Section 1, subject to no pledges, liens, security interests, charges, options, restrictions or other encumbrances except the pledge and security interest created by this Agreement or Permitted Liens described in clauses (b) and (h) of the definition
thereof, (b) Pledgor has tendered to Bank the consent of any other partner of any Subsidiary which is a partnership or member or manager of any Subsidiary which is a limited liability company deemed necessary or appropriate by Pledgor for
consummation of the transactions contemplated hereby, (c) all of the Securities described in Section 1 are validly issued, fully paid and non-assessable (or the foreign equivalent thereof, as applicable), (d) Pledgor has full power, authority and
legal right to execute, deliver and perform its obligations under this Agreement and to pledge and grant a security interest in all of the Securities Collateral pursuant to this Agreement, and the execution, delivery and performance hereof and the
pledge of and granting and enforcement (where applicable) of a security interest in the Securities Collateral hereunder have been duly authorized by all necessary corporate or other action and do not contravene any law, rule or regulation or any
provision of Pledgor’s charter documents, operating agreement, partnership agreement, by-laws or other governing document or of any judgment, decree or order of any tribunal or of any agreement or instrument to which Pledgor is a party or by
which it or any of its property is bound or affected or constitute a default thereunder, and (e) the information set forth in Annex A hereto relating to the Securities is true, correct and complete in all respects. Pledgor covenants that
it will defend the rights of Bank and security interest of Bank in such Securities against the claims and demands of all other persons whomsoever. Pledgor further covenants that it will have the like title to and right to pledge and grant a security
interest in the Securities Collateral hereafter pledged or in which a security interest is granted to Bank hereunder and will likewise defend the rights, pledge and security interest thereof and therein of Bank. 

     6. Dividends, Voting, etc., Prior to Maturity.  So long as no Event of Default shall have occurred and be continuing, Pledgor shall be entitled to receive all cash dividends or distributions paid in
respect of the Securities, to vote the Securities (subject to the last sentence of this paragraph) and to give consents, waivers and ratifications in respect of the Securities; provided, however, that no vote shall be
cast or consent, waiver or ratification given by Pledgor if the effect thereof could reasonably be expected to impair any of the Securities Collateral or be inconsistent with or result in any violation of any of the provisions of the Loan Agreement
or any of the other Loan Documents.  All such rights of Pledgor to receive cash dividends or distributions shall cease in case a Default or an Event of Default shall have occurred and be continuing. All such rights of Pledgor to vote and give
consents, waivers and ratifications with

- 5 -

respect to the Securities shall, at Bank’s option, as evidenced by Bank notifying Pledgor of such election, cease in case a Default or an Event of Default shall have occurred and be
continuing. 

     7. Remedies. 

        7.1. In General.  If an Event of Default shall have
  occurred and be continuing, Bank shall thereafter have the following rights and remedies (to the extent permitted by applicable law) in addition to the rights and remedies of a secured party under the UCC, all such rights and remedies being
  cumulative, not exclusive, and enforceable alternatively, successively or concurrently, at such time or times as Bank deems expedient: 

  
          (a) if Bank so elects and gives notice of such election to Pledgor, Bank may exercise any management or voting rights relating to the Securities (whether or not the
      same shall have been transferred into its name or the name of its nominee or nominees) for any lawful purpose, including, without limitation, if Bank so elects, for the liquidation of the assets of the issuer thereof or for the amendment or
      modification of any of the charter, by-laws, operating agreements, partnership agreements or other governing documents, and give all consents, waivers and ratifications in respect of the Securities and otherwise act with respect thereto as though it
      were the outright owner thereof (Pledgor hereby irrevocably constituting and appointing Bank its proxy and attorney-in-fact, with full power of substitution, to do so); 

         (b) Bank may demand, sue for, collect or make any compromise or settlement Bank
      deems suitable in respect of any Securities Collateral;

          (c) Bank may sell, resell, assign and deliver, or otherwise dispose of any or all of the Securities Collateral, for cash or credit or both and upon such terms at such place or places, at such
        time or times and to such entities or other persons as Bank thinks expedient, all without demand for performance by Pledgor or any notice or advertisement whatsoever except as expressly provided herein or as may otherwise be required by law; 

         (d)
          Bank may cause all or any part of the Securities held by it to be transferred into its name or the name of its nominee or nominees; and 

         (e) Bank may set off or otherwise apply or credit against the Obligations any and all sums deposited with it or
            held by it, including without limitation, any sums standing to the credit of the Cash Collateral Account and any Time Deposits issued by Bank, with any withdrawal penalty relating to Time Deposits being an expense of collection.. 

  

        7.2. Sale of Securities Collateral.  In the event of any sale or other disposition of the Securities Collateral as provided in clause (c) of Section 7.1, and to the extent that any notice
  thereof is required to be given by law, Bank shall give to Pledgor at least five (5) Business Days prior authenticated notice of the time and place of any public sale or other disposition of the Securities Collateral or of the time after which any
  private sale or any other intended disposition is to be made. Pledgor hereby acknowledges that five (5) Business Days prior authenticated notice of such sale or other disposition or sales

- 6 -

  
    or other dispositions shall be reasonable notice. Bank may enforce its rights hereunder without any other notice and without compliance with any other condition precedent now or hereunder imposed
    by statute, rule of law or otherwise (all of which are hereby expressly waived by Pledgor, to the fullest extent permitted by law). Bank may buy or otherwise acquire any part or all of the Securities Collateral at any public sale or other
    disposition and if any part or all of the Securities Collateral is of a type customarily sold or otherwise disposed of in a recognized market or is of the type which is the subject of widely-distributed standard price quotations, Bank may buy or
    otherwise acquire at private sale or other disposition and may make payments thereof by any means. Bank may apply the cash proceeds actually received from any sale or other disposition to the reasonable expenses of retaking, holding, preparing for
    sale, selling and the like, to reasonable attorneys’ fees, travel and all other expenses which may be incurred by Bank in attempting to collect the Obligations or to enforce this Agreement or in the prosecution or defense of any action or
    proceeding related to the subject matter of this Agreement, and then to the Obligations pursuant to Section 9.4 of the
    Loan Agreement. Only after such applications, and after payment by Bank of any amount required by §9-608(a)(1)(C) or §9-615(a)(3) of the UCC, need Bank account to Pledgor for any surplus. 

        7.3. Registration of Securities. If Bank shall determine to exercise its right to sell or otherwise dispose of any or all of the Securities pursuant to this Section 7, and if in the opinion of counsel
    for Bank it is necessary, or if in the reasonable opinion of Bank it is advisable, to have the Securities, or that portion thereof to be sold, registered under the provisions of the Securities Act of 1933, as amended (the “Securities Act”), Pledgor agrees to use its best efforts to cause the issuer or issuers of the Securities contemplated to be
    sold, to execute and deliver, and cause the directors (or other analogous persons) and officers of such issuer to execute and deliver, all at Pledgor’s expense, all such instruments and documents, and to do or cause to be done all such other
    acts and things as may be necessary or, in the reasonable opinion of Bank, advisable to register such Securities under the provisions of the Securities Act and to cause the registration statement relating thereto to become effective and to remain
    effective for a period of nine (9) months from the date such registration statement became effective, and to make all amendments thereto or to the related prospectus or both that, in the reasonable opinion of Bank, are necessary or advisable, all in
    conformity with the requirements of the Securities Act and the rules and regulations of the Securities and Exchange Commission applicable thereto. Pledgor agrees to use its best efforts to cause such issuer or issuers to comply with the provisions
    of the securities or “Blue Sky” laws of any jurisdiction which Bank shall designate and to cause such issuer or issuers to make available to its security holders, as soon as practicable, an earnings statement which will satisfy the
    provisions of Section 11(a) of the Securities Act. 

        7.4. Private Sales.
    Pledgor recognizes that Bank may be unable to effect a public sale or other disposition of the Securities by reason of certain prohibitions contained in the Securities Act, federal
    banking laws, and other applicable laws, but may be compelled to resort to one or more private sales thereof to a restricted group of purchasers. Pledgor agrees that any such private sales may be at prices and other terms less favorable to the
    seller than if sold at public sales and that such private sales shall not by reason thereof be deemed not to have been made in a commercially reasonable manner. Bank shall be under no obligation to delay a sale of any of the Securities for the
    period of time necessary to permit the issuer of such securities to register such securities for public sale under the Securities Act, or such other federal banking or other applicable

- 7 -

  
    laws, even if the issuer would agree to do so. Subject to the foregoing, Bank agrees that any sale of the Securities shall be made in a commercially reasonable manner, and Pledgor agrees to use
    its best efforts to cause the issuer or issuers of the Securities contemplated to be sold, to execute and deliver, and cause the directors (or other analogous persons) and officers of such issuer to execute and deliver, all at Pledgor’s
    expense, all such instruments and documents, and to do or cause to be done all such other acts and things as may be necessary or, in the reasonable opinion of Bank, advisable to exempt such Securities from registration under the provisions of the
    Securities Act, and to make all amendments to such instruments and documents which, in the opinion of Bank, are necessary or advisable, all in conformity with the requirements of the Securities Act and the rules and regulations of the Securities and
    Exchange Commission applicable thereto. Pledgor further agrees to use its best efforts to cause such issuer or issuers to comply with the provisions of the securities or “Blue Sky” laws of any jurisdiction which Bank shall designate and,
    if required, to cause such issuer or issuers to make available to its security holders, as soon as practicable, an earnings statement (which need not be audited) which will satisfy the provisions of Section 11(a) of the Securities Act. 

        7.5. Pledgor’s Agreements, etc. Pledgor further agrees to do or cause to be done all such other acts and things as may be reasonably necessary on the part of Pledgor or with respect to
    the issuer of the Securities to make any sales of any portion or all of the Securities pursuant to this Section 7 valid and binding and in compliance with any and all applicable laws (including, without limitation, the Securities Act, the Securities
    Exchange Act of 1934, as amended, the rules and regulations of the Securities and Exchange Commission applicable thereto and all applicable state securities or “Blue Sky” laws), regulations, orders, writs, injunctions, decrees or awards of
    any and all courts, arbitrators or governmental instrumentalities, domestic or foreign, having jurisdiction over any such sale or sales, all at Pledgor’s expense. Pledgor further agrees that a breach of any of the covenants contained in this
    Section 7 will cause irreparable injury to Bank, that Bank has no adequate remedy at law in respect of such breach and, as a consequence, agrees that each and every covenant contained in this Section 7 shall be specifically enforceable against
    Pledgor by Bank and Pledgor hereby waives and agrees not to assert any defenses against an action for specific performance of such covenants to the extent it lawfully may. 

     8. Marshalling.  Bank shall not be required to marshal any present or future collateral security for (including but not limited to this Agreement and the Securities Collateral), or
other assurances of payment of, the Obligations or any of them, or to resort to such collateral security or other assurances of payment in any particular order. All of Bank’s rights hereunder in respect of such collateral security and other
assurances of payment shall be cumulative and in addition to all other rights, however existing or arising.  To the extent that it lawfully may, Pledgor hereby agrees that it will not invoke any law relating to the marshalling of collateral that
might cause delay in or impede the enforcement of Bank’s rights under this Agreement or under any other instrument evidencing any of the Obligations or under which any of the Obligations is outstanding or by which any of the Obligations is
secured or payment thereof is otherwise assured, and to the extent that it lawfully may Pledgor hereby irrevocably waives the benefits of all such laws. 

     9. Pledgor’s Obligations Not Affected.  The obligations of Pledgor hereunder shall remain in full force and effect without regard to, and shall not be impaired by (a) any

- 8 -

exercise or nonexercise, or any waiver, by Bank of any right, remedy, power or privilege under or in respect of any of the Obligations or any security thereof (including this Agreement); (b) any
amendment to or modification of the Loan Agreement, the other Loan Documents or any of the Obligations; (c) any
amendment to or modification of any instrument (other than this Agreement) securing any of the Obligations, including, without limitation, any pledge agreement, security agreement or other collateral document delivered under or in connection with
the Loan Agreement; or (d) the taking of additional security for, or any other assurances of payment of, any of the Obligations or the release or discharge or termination of any security or other assurances of payment or performance for any of the
Obligations; whether or not Pledgor shall have notice or knowledge of any of the foregoing, Pledgor hereby generally waiving all suretyship defenses to the extent applicable.  Under no circumstances shall Bank be deemed to be a shareholder, member
or other equity holder of any of the Subsidiaries by virtue of the provisions of this Agreement unless expressly agreed to in writing by Bank. 

     10. Transfer, etc., by Pledgor.  Except as expressly permitted under the Loan Agreement, without the prior written consent of Bank, Pledgor will not sell, assign, transfer or otherwise dispose of,
grant any option with respect to, or pledge or grant any security interest in or otherwise encumber or restrict any of the Securities Collateral or any interest therein, except for the pledge thereof and security interest therein provided for in
this Agreement and Permitted Liens described in clauses (b) and (h) of the definition thereof. 

     11. Further Assurances. Pledgor will do all such acts, and will furnish to Bank all such financing statements, certificates, legal opinions and other documents and will obtain all such
governmental consents and corporate approvals and will do or cause to be done all such other things as Bank may reasonably request from time to time in order to give full effect to this Agreement and to secure the rights of Bank hereunder, all
without any cost or expense to Bank. Pledgor hereby irrevocably authorizes Bank at any time and from time to time to file in any filing office in any Uniform Commercial Code jurisdiction any initial financing statements and amendments thereto that
(a) indicate the Collateral as the Securities Collateral or words of similar effect, or as being of equal or lesser scope or in greater detail, and (b) contain any other information required by part 5 of Article 9 of the Uniform Commercial Code of
the jurisdiction of the filing office for the sufficiency or filing office acceptance of any financing statement or amendment, including whether Pledgor is an organization, the type of organization and any organization identification number issued
to Pledgor.  Pledgor agrees to furnish any such information to Bank promptly upon request. Pledgor also ratifies its authorization for Bank to have filed in any Uniform Commercial Code jurisdiction any like initial financing statements or amendments
thereto if filed prior to the date hereof. Pledgor will not permit to be effected any amendment or modification of the charter, by-laws, operating agreements, or other applicable organizational documents of Pledgor or any of the Subsidiaries which
would (or would be reasonably likely to) adversely affect the rights or remedies of Bank hereunder or the value of the Securities Collateral. 

     12. Bank’s Exoneration. Under no circumstances shall Bank be deemed to assume any responsibility for or obligation or duty with respect to any part or all of the Securities Collateral of any
nature or kind or any matter or proceedings arising out of or relating thereto, other than (a) to exercise reasonable
care in the physical custody of the Securities Collateral and (b) after a Default or an Event of Default shall have occurred and be continuing to act in a commercially reasonable manner. Bank shall not be required to take any action of any kind to
collect, preserve or protect its or Pledgor’s rights in the Securities Collateral or against other parties thereto.  Bank’s prior recourse to any part or all of the Securities Collateral shall not

- 9 -

constitute a condition of any demand, suit or proceeding for payment or collection of any of the Obligations.  This Agreement constitutes a pledge of the Securities Collateral and any other
applicable collateral hereunder only, and not an assignment of any duties or obligations of Pledgor with respect thereto, and by its acceptance hereof and whether or not Bank shall have exercised any of its rights or remedies hereunder, Bank does
not undertake to perform or discharge, and Bank shall not be responsible or liable for the performance or discharge of any such duties or responsibilities, including, without limitation, for any capital calls. Pledgor agrees that, notwithstanding
the exercise by Bank of any of its rights hereunder, Pledgor shall remain liable nonetheless for the full and prompt performance of all of Pledgor’s obligations and liabilities under any operating agreement, limited partnership agreement, or
similar document evidencing or governing any units of membership interest or limited partnership interest in any limited liability company or limited partnership included in the Securities Collateral. Under no circumstances shall Bank or any holder
of any of the Obligations as such be deemed to be a member, limited partner, or other equity owner of any of the Subsidiaries by virtue of the provisions of this Agreement unless expressly agreed to in writing by Bank or such holder. Without
limiting the generality of the foregoing, Bank shall not have any fiduciary duty as such to Pledgor or any other equity owner of any of its Subsidiaries by reason of this Agreement, whether by virtue of the security interests and liens hereunder, or
any enforcement action in respect of such security interests and liens, unless and until Bank is actually admitted to the applicable Subsidiary as a substitute member or substitute equity owner thereof after exercising enforcement rights under part
6 of Article 9 of the Uniform Commercial Code in effect in the applicable jurisdiction, or otherwise. 

     13. No Waiver, etc.
Except as provided in Section 1.2 hereof with respect to any updated list of the shares of capital stock or other equity interests, neither this Agreement nor any term hereof may be
changed, waived, discharged or terminated except by a written instrument expressly referring to this Agreement and to the provisions so modified or limited, and executed by Bank and Pledgor. No act, failure or delay by Bank shall constitute a waiver
of its rights and remedies hereunder or otherwise. No single or partial waiver by Bank of any default or right or remedy that it may have shall operate as a waiver of any other default, right or remedy or of the same default, right or remedy on a
future occasion. Pledgor hereby waives presentment, notice of dishonor and protest of all instruments, included in or evidencing any of the Obligations or the Securities Collateral, and any and all other notices and demands whatsoever (except as
expressly provided herein or in the Loan Agreement). 

     14. Registration and Filing. Pledgor (a) has caused each Subsidiary of Pledgor to duly register the security interests granted hereby on the respective books of such Subsidiary and has furnished
Bank with evidence thereof, (b) has duly executed and caused any financing statements with respect to the Securities Collateral to be filed in such a manner and in such places as may be required by law in order to fully protect the rights of Bank
hereunder, and (c) will cause any financing statements with respect to the Securities Collateral at all times to be kept recorded and filed at each of the respective Subsidiaries’ expense in such a manner and in such places as may be required
by law in order to fully perfect the interests and protect the rights of Bank hereunder. 

     15. Notice, etc.
All notices, requests and other communications hereunder shall be made in the manner set forth in Section 9 of the Guaranty. 

     16. Termination.  Upon final payment and performance in full in cash of the Obligations (other than inchoate indemnity obligations and any other obligations which, by their

- 10 -

terms, are to survive the termination of any of the Loan Documents) and the termination of all lending and other credit commitments of Bank in respect thereof (including all outstanding Letters
of Credit), this Agreement shall terminate and Bank shall, at Pledgor’s request and expense, return such Securities Collateral in the possession or control of Bank as has not theretofore been disposed of pursuant to the provisions hereof,
together with any moneys and other property at the time held by Bank hereunder. 

     17. Overdue Amounts.  Until paid, all amounts due and payable by Pledgor hereunder shall be a debt secured by the Securities Collateral and shall bear, whether before or after judgment,
interest at the rate of interest for overdue principal set forth in the Loan Agreement. 

     18. General.
In any action or proceeding between Pledgor and Bank arising out of or relating to this Agreement, the prevailing party shall be entitled to recover its reasonable attorneys’ and
other costs and expenses incurred, in addition to any other relief to which it may be entitled. All amendments to this Agreement must be in writing signed by both Bank and Pledgor. This Agreement may be executed in any number of counterparts and by
different parties on separate counterparts, each of which, when executed and delivered, are an original, and all taken together, constitute one Agreement. To the extent that any provision of this Agreement conflicts with any provision of the Loan
Agreement, the provision giving Bank greater rights or remedies shall govern, it being understood that the purpose of this Agreement is to add to, and not detract from, the rights granted to Bank under the Loan Agreement.  This Agreement, the Loan
Agreement and the other Loan Documents represent the entire agreement about this subject matter and supersede prior negotiations or agreements.  All prior agreements, understandings, representations, warranties, and negotiations between the parties
about the subject matter of this Agreement, the Loan Agreement and the other Loan Documents merge into this Agreement, the Loan Agreement and the other Loan Documents. 

     19. Choice Of Law, Venue and Jury Trial Waiver.  California law governs this Agreement without regard to principles of conflicts of law. Pledgor and Bank each submit to the exclusive jurisdiction of
the State and Federal courts in Santa Clara County, California; provided, however, that nothing in this Agreement shall be deemed to operate to preclude Bank from bringing suit or taking other legal action in any other jurisdiction to realize on the
Collateral or any other security for the Obligations, or to enforce a judgment or other court order in favor of Bank. Pledgor expressly submits and consents in advance to such jurisdiction in any action or suit commenced in any such court, and
Pledgor hereby waives any objection that it may have based upon lack of personal jurisdiction, improper venue, or forum non conveniens and hereby consents to the granting of such legal or equitable relief as is deemed appropriate by such court.
Pledgor hereby waives personal service of the summons, complaints, and other process issued in such action or suit and agrees that service of such summons, complaints, and other process may be made by registered or certified mail addressed to
Pledgor at the address set forth in Section 9 of the Guaranty and that service so made shall be deemed completed upon the earlier to occur of Pledgor’s actual receipt thereof or three (3) days after deposit in the U.S. mails, proper postage
prepaid. 

     TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW PLEDGOR AND BANK EACH WAIVE THEIR RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF OR BASED
UPON THIS AGREEMENT, INCLUDING CONTRACT, TORT, BREACH OF DUTY AND ALL OTHER CLAIMS. THIS WAIVER IS A

- 11 -

MATERIAL INDUCEMENT FOR BOTH PARTIES TO ENTER INTO THIS AGREEMENT. EACH PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL. 

     WITHOUT INTENDING IN ANY WAY TO LIMIT THE PARTIES’ AGREEMENT TO WAIVE THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY, if the above waiver of the right to a trial by
jury is not enforceable, the parties hereto agree that any and all disputes or controversies of any nature between them arising at any time shall be decided by a reference to a private judge, mutually selected by the parties (or, if they cannot
agree, by the Presiding Judge of the Santa Clara County, California Superior Court) appointed in accordance with California Code of Civil Procedure Section 638 (or pursuant to comparable provisions of federal law if the dispute falls within the
exclusive jurisdiction of the federal courts), sitting without a jury, in Santa Clara County, California; and the parties hereby submit to the jurisdiction of such court. The reference proceedings shall be conducted pursuant to and in accordance
with the provisions of California Code of Civil Procedure §§ 638 through 645.1, inclusive. The private judge shall have the power, among others, to grant provisional relief, including without limitation, entering temporary restraining
orders, issuing preliminary and permanent injunctions and appointing receivers. All such proceedings shall be closed to the public and confidential and all records relating thereto shall be permanently sealed.  If during the course of any dispute, a
party desires to seek provisional relief, but a judge has not been appointed at that point pursuant to the judicial reference procedures, then such party may apply to the Santa Clara County, California Superior Court for such relief. The proceeding
before the private judge shall be conducted in the same manner as it would be before a court under the rules of evidence applicable to judicial proceedings.  The parties shall be entitled to discovery which shall be conducted in the same manner as
it would be before a court under the rules of discovery applicable to judicial proceedings. The private judge shall oversee discovery and may enforce all discovery rules and order applicable to judicial proceedings in the same manner as a trial
court judge. The parties agree that the selected or appointed private judge shall have the power to decide all issues in the action or proceeding, whether of fact or of law, and shall report a statement of decision thereon pursuant to the California
Code of Civil Procedure § 644(a). Nothing in this paragraph shall limit the right of any party at any time to exercise self-help remedies, foreclose against collateral, or obtain provisional remedies.  The private judge shall also determine all
issues relating to the applicability, interpretation, and enforceability of this paragraph. 

     20. Name Change of Pete Acquisition to UCT Sieger Engineering LLC. Substantially simultaneously with the consummation of the Acquisition, the name of Pete Acquisition LLC shall be changed to UCT Sieger Engineering LLC by filing such name change with the
Secretary of State of the State of Delaware. From and after such time, all references to Sieger shall mean UCT Sieger Engineering LLC, a Delaware limited liability company. 

[Signature Page Follows]

     IN WITNESS WHEREOF, intending to be legally bound, Pledgor and Bank have caused this Agreement to
be executed as of the date first above written. 

  	PLEDGOR:
	 
	ULTRA CLEAN HOLDINGS, INC.
	 
	 	 	 
	By:	 /s/ Jack Sexton 
	 	

	 	Name:	Jack Sexton
	 	Title:	Chief Financial Officer

  

  

  	BANK:
	 
	SILICON VALLEY BANK
	 
	 	 	 
	By:	 /s/ Maria Fischer Leaf 
	 	

	 	Name:	Maria Fischer Leaf 
	 	Title:	Senior Relationship Manager 

 

     The undersigned Subsidiaries hereby join in the above Agreement for the sole purpose of consenting to and being bound by the provisions of Sections 4.1, 6 and 7
thereof, the undersigned hereby agreeing to cooperate fully and in good faith with Bank and Pledgor in carrying out such provisions. 

  	Ultra Clean Technology Systems and Service, Inc.  

Bob Acquisition Inc. (and any successor by merger)

       Pete Acquisition LLC (to be renamed UCT Sieger

       Engineering LLC)  

      Ultra Clean International Holding Company
	 
	 
	 	 	 
	By:	 
	 	

	 	Name:	 
	 	Title:	 

  

ANNEX A TO SECURITIES
PLEDGE AGREEMENT

     None of the issuers has any authorized,
issued or outstanding shares of its capital stock, membership interests, partnership interests or other
equity interests of any class or any commitments to issue any shares of its capital stock, membership interests, partnership
interests or other equity interests of any class or any securities convertible into or exchangeable for any shares of
its capital stock, membership interests, partnership interests or other equity interests of any class except as otherwise stated in
this Annex A. 

	 

		 
		 

		 
		 

		 
		 

		 
		
Number
		 
		 

		 
		 

	
	 

		 
		 

		 
		 

		 
		
Number of
		 
		
of
		 
		
Number of
		 
		
Par or
	
	 

		 
		
Record
		 
		
Class of
		 
		
Authorized
		 
		
Issued
		 
		
Outstanding
		 
		
Liquidation
	
	
Issuer
		 
		
Owner
		 
		
Shares
		 
		
Shares
		 
		
Shares
		 
		
Shares
		 
		
Value
	
	

		
		

		
		

		
		

		
		

		
		

		
		

	
	
Ultra Clean Technology 	 
		
Ultra Clean Holdings, Inc.
		 
		
Common
		 
		
1,000
		 
		
1,000
		 
		
1,000
		 
		
No
	
	
Systems and Service, Inc.
		 
		 

		 
		 

		 
		 

		 
		 

		 
		 

		 
		 

	
	
Bob Acquisition Inc.
		 
		
Ultra Clean Holdings, Inc.
		 
		
Common
		 
		
1,000
		 
		
1,000
		 
		
1,000
		 
		
No
	
	
Pete Acquisition LLC
		 
		
Ultra Clean Holdings, Inc.
		 
		
100%
		 
		
N/A
		 
		
N/A
		 
		
N/A
		 
		
N/A
	
	 

		 
		 

		 
		
membership
		 
		 

		 
		 

		 
		 

		 
		 

	
	 

		 
		 

		 
		
interest
		 
		 

		 
		 

		 
		 

		 
		 

	
	
Ultra Clean International
		 
		
Ultra Clean Holdings, Inc.
		 
		
Common
		 
		
100
		 
		
100
		 
		
100
		 
		
No
	
	
Holding Company*
		 
		 

		 
		 

		 
		 

		 
		 

		 
		 

		 
		 

	

*only 65% of the shares (which are currently represented by Certificate
No. 3) are being pledged to Bank hereby.

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