Document:

Merger Agreement

 EXHIBIT 10.25 
 MERGER AGREEMENT 
 BETWEEN 
 JABIL CIRCUIT (TAIWAN) LIMITED AND 
 AND 
 TAIWAN GREEN POINT ENTERPRISES CO., LTD. 
 NOVEMBER 22, 2006 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	ARTICLE 1 THE MERGER	  	1
	1.1.	  	GRADUATE ACTIONS.	  	1
			
	1.2.	  	THE MERGER.	  	1
			
	1.3.	  	MERGER EFFECTIVE DATE; CLOSING.	  	2
			
	1.4.	  	EFFECTS OF THE MERGER.	  	2
			
	1.5.	  	ARTICLES OF Incorporation, Directors and Officers of Surviving Corporation.	  	2
		
	ARTICLE 2 EFFECT OF THE MERGER ON THE CAPITAL STOCK OF THE SURVIVING CORPORATION	  	2
	2.1.	  	EFFECT ON CAPITAL STOCK.	  	2
			
	2.2.	  	PAYMENT OF MERGER CONSIDERATION	  	3
		
	ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF GRADUATE	  	3
	3.1.	  	ORGANIZATION AND QUALIFICATION; SUBSIDIARIES.	  	4
			
	3.2.	  	ARTICLES OF INCORPORATION AND ORGANIZATIONAL RULES.	  	4
			
	3.3.	  	CAPITALIZATION.	  	5
			
	3.4.	  	AUTHORITY RELATIVE TO THIS AGREEMENT.	  	5
			
	3.5.	  	NO CONFLICT; REQUIRED FILINGS AND CONSENTS.	  	6
			
	3.6.	  	COMPLIANCE; PERMITS.	  	6
			
	3.7.	  	FSC FILINGS; FINANCIAL STATEMENTS.	  	7
			
	3.8.	  	ABSENCE OF CERTAIN CHANGES OR EVENTS.	  	7
			
	3.9.	  	NO UNDISCLOSED LIABILITIES.	  	9
			
	3.10.	  	ABSENCE OF LITIGATION.	  	9
			
	3.11.	  	EMPLOYEE BENEFIT PLANS.	  	9
			
	3.12.	  	EMPLOYEES.	  	11
			
	3.13.	  	RESTRICTIONS ON BUSINESS ACTIVITIES.	  	12
			
	3.14.	  	ABSENCE OF LIENS AND ENCUMBRANCES; TITLE TO PROPERTIES.	  	12
			
	3.15.	  	TAXES.	  	12
			
	3.16.	  	ENVIRONMENTAL MATTERS.	  	14
			
	3.17.	  	AGREEMENTS.	  	15
			
	3.18.	  	BROKERS.	  	16
			
	3.19.	  	INTELLECTUAL PROPERTY.	  	16
			
	3.20.	  	INSURANCE.	  	19
			
	3.21.	  	 BOARD APPROVAL.
	  	19
			
	3.22.	  	VOTE REQUIRED.	  	19

  

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	3.23.	  	RIGHT TO DISSENT.	  	19
			
	3.24.	  	PROPERTIES.	  	19
			
	3.25.	  	CORRUPT PRACTICES.	  	21
			
	3.26.	  	RELATED PARTY TRANSACTIONS.	  	21
			
	3.27.	  	PRODUCT WARRANTY.	  	21
			
	3.28.	  	 PRODUCT LIABILITY.
	  	21
			
	3.29.	  	CUSTOMERS AND SUPPLIERS.	  	21
			
	3.30.	  	DISCLOSURE.	  	21
			
	3.31.	  	KNOWLEDGE OF GRADUATE AND SUBSIDIARIES.	  	22
		
	ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF BUYER	  	22
	4.1.	  	ORGANIZATION AND QUALIFICATION; SUBSIDIARIES.	  	22
			
	4.2.	  	AUTHORITY RELATIVE TO THIS AGREEMENT.	  	22
			
	4.3.	  	NO CONFLICT; REQUIRED FILINGS AND CONSENTS.	  	22
			
	4.4.	  	BROKERS.	  	23
			
	4.5.	  	DISCLOSURE.	  	23
		
	ARTICLE 5 COVENANTS	  	23
	5.1.	  	INFORMATION AND ACCESS.	  	23
			
	5.2.	  	CONDUCT OF BUSINESS.	  	24
			
	5.3.	  	NEGOTIATION WITH OTHERS.	  	24
			
	5.4.	  	 FILINGS.
	  	25
			
	5.5.	  	NOTICE OF FILINGS.	  	26
			
	5.6.	  	SHAREHOLDERS MEETING.	  	26
			
	5.7.	  	AGREEMENTS TO TAKE REASONABLE ACTION.	  	26
			
	5.8.	  	CONSENTS.	  	26
			
	5.9.	  	PUBLIC ANNOUNCEMENTS.	  	26
			
	5.10.	  	GRADUATE OPTIONS.	  	27
			
	5.11.	  	NOTIFICATION OF CERTAIN MATTERS.	  	28
		
	ARTICLE 6 CONDITIONS PRECEDENT	  	28
	6.1.	  	CONDITIONS TO EACH PARTY’S OBLIGATION TO EFFECT THE
MERGER.	  	28
			
	6.2.	  	CONDITIONS OF OBLIGATIONS OF BUYER.	  	29
			
	6.3.	  	CONDITIONS OF OBLIGATION OF GRADUATE.	  	29
		
	ARTICLE 7 TERMINATION	  	30
	7.1.	  	TERMINATION.	  	30
			
	7.2.	  	NOTICE OF TERMINATION; EFFECT OF TERMINATION.	  	30
			
	7.3.	  	FEES AND EXPENSES.	  	31

  

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	ARTICLE 8 GENERAL PROVISIONS	  	31
	8.1.	  	AMENDMENT.	  	31
			
	8.2.	  	EXTENSION; WAIVER.	  	31
			
	8.3.	  	NONSURVIVAL OF REPRESENTATIONS, WARRANTIES, COVENANTS AND AGREEMENTS.	  	31
			
	8.4.	  	ENTIRE AGREEMENT.	  	31
			
	8.5.	  	SEVERABILITY.	  	32
			
	8.6.	  	NOTICES.	  	32
			
	8.7.	  	HEADINGS.	  	32
			
	8.8.	  	COUNTERPARTS.	  	32
			
	8.9.	  	BENEFITS; ASSIGNMENT.	  	33
			
	8.10.	  	OTHER REMEDIES; SPECIFIC PERFORMANCE.	  	33
			
	8.11.	  	GOVERNING LAW.	  	33
			
	8.12.	  	RULES OF CONSTRUCTION.	  	33
			
	8.13.	  	NO CONSEQUENTIAL DAMAGES.	  	33
			
	8.14	  	TRANSLATIONS.	  	33
			
	8.15	  	DEFINITIONS.	  	34

 Exhibit A = Articles of Incorporation of the Surviving Corporation, as amended due to the Merger. 
 Exhibit B = Glossary of Certain Defined Terms. 
  

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 MERGER AGREEMENT 
 THIS MERGER AGREEMENT (this “Agreement”), dated as of November 22, 2006, is entered into by and between Jabil Circuit (Taiwan) Limited, a Taiwan corporation with a principal place of business at
1Fl., No. 22 Industry East 9 Rd. Science-based Industry Park, Hsinchu, Taiwan, R.O.C. (“Buyer”), and Taiwan Green Point Enterprises Co., Ltd., a Taiwan corporation with a principal place of business at No.256, Shen Lin Rd.,
Sec.1, Ta Ya Hsiang, Taichung Hsien, Taiwan, R.O.C. (“Graduate”). Buyer and Graduate are sometimes referred to individually as a “Company” and collectively as the “Companies.” 
 RECITALS: 
 A. In order to facilitate
the implementation of the ultimate business combination between Graduate and Buyer, the Boards of Directors of Graduate and Buyer have each approved the terms and conditions of the merger (the “Merger”) of Graduate with and into
Buyer, as set forth in this Agreement and subject to the applicable Taiwanese laws, including the Merger and Acquisition Act (the “Taiwan Statute”), and the approval of the shareholders of Graduate at a meeting thereof, if
required.  
 B. In furtherance of the Merger the Buyer will, on the date hereof, make a tender offer (as it may be amended from time
to time as permitted under the Taiwan Statute, (the “Offer”)) to purchase all of the outstanding shares of common stock, par value NT$10.00 per share (a “Share”), of Graduate (the “Graduate Common
Stock”), at a price per Share of Graduate Common Stock of NT$109.00, to the selling shareholders of Graduate in cash. 
 NOW,
THEREFORE, in consideration of the premises and mutual covenants and agreements contained in this Agreement, the Companies agree as follows: 
 ARTICLE 1 
 THE MERGER 
 1.1. Graduate Actions. 
 (a) Graduate hereby agrees to the Merger and the other matters referenced in this
Agreement subject to the terms and conditions hereof. 
 (b) Promptly after receipt of the documents relating to the Offer, Graduate will
publicly announce and file with the Financial Supervisory Commission (the “FSC”) a statement for the required disclosure according to the applicable FSC tender offer rules, including, among others, its recommendation to its
shareholders regarding the Offer. Graduate will not provide any negative comments on the Offer. 
 1.2. The Merger. Upon the consummation of the
Merger, Buyer shall be the surviving corporation (the “Surviving Corporation”), and the separate corporate existence of Graduate shall cease. The Merger will be a cash merger, and shareholders of Graduate will receive NT$109.00 per share
as the merger consideration (the “Merger Consideration”). Each of the Companies shall convene a special shareholders meeting, if required, to approve the Merger as soon as practical after the successful completion of the Offer. 

 1.3. Merger Effective Date; Closing. The Companies
contemplate the closing of the Merger (the “Closing”) to take place at the offices of Tsar & Tsai at 8th Fl., 245 DunHua S. Road Sec. 1, Taipei 106, Taiwan, R.O.C., at 10:00 a.m. local time on a date set by the board of directors of the Companies (the “Merger Effective Date”), which date shall be no later than the fifth
business day or such other date to be mutually agreed upon by the Companies after all of the conditions set forth in Article 6 shall have been satisfied or waived in accordance with Section 8.2 (other than those conditions that by their
nature are to be satisfied at the Closing, but subject to the satisfaction or waiver of those conditions), unless another place or date is agreed to in writing by the Companies. 
 1.4. Effects of the Merger. At the Merger Effective Date: (i) the separate existence of Graduate shall cease and Graduate shall be merged with and into Buyer as the Surviving Corporation, and (ii) the
Merger shall have all of the effects provided by the Taiwan Statute. Without limiting the generality of the foregoing, and subject thereto, at the Merger Effective Date all the property, rights, privileges, powers and franchises of Graduate and
Buyer shall vest in the Surviving Corporation. 
 1.5. Articles of Incorporation, Directors and Officers of Surviving Corporation. At the Merger
Effective Date, (i) the articles of incorporation of Buyer as in effect immediately prior to the Merger Effective Date shall be the articles of incorporation of the Surviving Corporation, until thereafter duly amended as provided therein or by
applicable Taiwan Statute; (ii) the board directors and supervisors of Buyer immediately prior to the Merger Effective Date shall be the board directors and supervisors of the Surviving Corporation and will continue to hold office from the
Merger Effective Date until their respective successors are duly elected or appointed as provided in the articles of incorporation of the Surviving Corporation; and (iv) the officers of Buyer immediately prior to the Merger Effective Date shall
be the officers of the Surviving Corporation until their respective successors are duly elected or appointed as provided in the articles of incorporation of the Surviving Corporation. The amendments to articles of incorporation of the Surviving
Corporation, as amended due to the Merger, are attached hereto as Exhibit A. 
 ARTICLE 2 
 EFFECT OF THE MERGER ON THE CAPITAL STOCK OF THE SURVIVING 
 CORPORATION 
 2.1. Effect on Capital Stock. At the Merger Effective Date, subject and pursuant to the terms of
this Agreement, as a result of the Merger and without any action on the part of the Companies or the holders of any shares of capital stock of the Companies: 
 (a) Capital Stock of Buyer. Buyer shall have an authorized capital of NT$150,000,000 divided into 15,000,000 shares of common stock with a par value of NT$10 each, with 15,000,000 shares being issued and
outstanding. The shareholder of the Buyer immediately preceding the Merger Effective Date shall be the sole shareholder of Buyer immediately after the Merger Effective Date. Each stock certificate of Buyer evidencing ownership of any such shares
shall continue to evidence ownership of such shares of common stock of the Surviving Corporation. 
 (b) Cancellation of Certain Shares of
Graduate Common Stock. Each share of Graduate Common Stock that is owned by Graduate as treasury stock and each share of Graduate Common Stock that is owned by Buyer shall be canceled and retired and cease to be outstanding, and to the extent
permitted by applicable Taiwan Statute, no capital stock of Buyer or other consideration shall be delivered in exchange therefor. 
 (c)
Graduate Common Stock. Each share of Graduate Common Stock issued and outstanding at the Merger Effective Date (other than shares canceled pursuant to Section 2.1(b)) 

  

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shall be canceled and retired and cease to be outstanding and shall entitle the holder thereof to receive the Merger Consideration. 
 2.2. Payment of Merger Consideration 
 (a) Exchange
Agent. On the Merger Effective Date, Buyer shall deposit with an agent reasonably acceptable to Graduate, for the benefit of the holders of shares of Graduate Common Stock, for exchange in accordance with this Article 2, an amount of cash
sufficient to deliver to the holders of Graduate Common Stock the aggregate Merger Consideration to which such holders are entitled pursuant to Section 1.2 (such cash, being hereinafter referred to as the “Exchange Fund.”) As
soon as practicable after the Merger Effective Date, the agent shall mail to each holder of record of Graduate Common Stock (other than Graduate and Buyer) a check representing the amount of the Merger Consideration and if the mail delivery of such
check cannot be made, the agent shall hold the money on behalf of such shareholder. 
 (b) No Further Ownership Rights in Graduate Common
Stock. The Merger Consideration paid in accordance with the terms of this Article 2 upon cancellation of any shares of Graduate Common Stock shall be deemed to have been paid in full satisfaction of all rights pertaining to such shares of
Graduate Common Stock. There shall be no further registration of transfers on the stock transfer books of the Surviving Corporation of the shares of Graduate Common Stock that were outstanding immediately prior to the Merger Effective Date. If,
after the Merger Effective Date, any certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article 2. 
 (c) Lost, Stolen or Destroyed Certificates. In the event any certificates evidencing share of Graduate Common Stock shall have been lost, stolen
or destroyed, the holder of such lost, stolen or destroyed certificate(s) shall not be entitled to receive any Merger Consideration until they have properly obtained an appropriate court judgment regarding the lost certificate and presented such
judgment to the Surviving Corporation for payment of its claim for the Merger Consideration. 
 (d) Termination of Exchange Fund. Any
portion of the Exchange Fund that remains undistributed to the shareholders of Graduate for six months after the Merger Effective Date shall be delivered to Surviving Corporation, upon demand, and any holder of Graduate Common Stock who has not
previously complied with this Article 2 shall thereafter look only to Surviving Corporation for payment of its claim for Merger Consideration. 
 (e) Withholding Rights. Buyer shall be entitled to deduct and withhold from the consideration otherwise payable to any holder of Graduate Common Stock pursuant to this Agreement such amounts as may be required to be deducted and
withheld pursuant to the applicable Taiwan Statute. 
 ARTICLE 3 
 REPRESENTATIONS AND WARRANTIES OF GRADUATE 
 Graduate represents and warrants to
Buyer that the statements contained in this Article 3 are correct and complete in all material respects as of the date of this Agreement and shall be correct and complete in all material respects as of the Merger Effective Date (as though made then
and as though the Merger Effective Date were substituted for the date of this Agreement throughout this Article 3), except (i) if a statement is made with reference to a particular date, then the statement shall only be correct and complete in
all material respects as of such date; and (ii) as specifically 

  

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disclosed in writing in the disclosure letter (with specific reference to the particular section or Subsection of this Agreement to which the information set
forth in such disclosure letter relates) delivered by Graduate to Buyer and certified by a duly authorized officer of Graduate (the “Graduate Disclosure Letter”). Nothing in the Graduate Disclosure Letter shall be deemed adequate to
disclose an exception to a representation or warranty made herein unless the Graduate Disclosure Letter specifically identifies the exception with particularity and describes the relevant facts in detail. The Graduate Disclosure Letter shall be
arranged in paragraphs corresponding to the lettered and numbered paragraphs contained in this Article 3. Notwithstanding anything to the contrary in this Agreement, Graduate shall not be liable for any breach of representations and warranties
unless such breach individually or in the aggregate with other breaches has resulted in, or will result in a Material Adverse Effect. Graduate shall have no liability to Buyer for a breach of a representation or warranty hereunder that is qualified
herein as being to the knowledge of Graduate or its Subsidiaries, if the act that causes such breach occurs after the date of this Agreement (unless such act is an act willfully taken by Graduate or one of its Subsidiaries, directly or indirectly),
or an event, act or circumstance that renders such representation or warranty untrue was not known or deemed hereunder to have been known by Graduate or any of its Subsidiaries on or before the date hereof. Graduate shall promptly provide Buyer
notice of any such event, act or circumstance in reasonable detail once it becomes aware of it. No officer, member of the board of directors, supervisor or employee of Graduate or any of its Subsidiaries shall be personally liable to Buyer with
respect to the breach of any representation, warranty, covenant or obligation of Graduate or any of its Subsidiaries to Buyer under this Agreement. 
 3.1. Organization and Qualification; Subsidiaries. Each of Graduate and its Subsidiaries is a corporation duly organized and validly existing under the laws of the jurisdiction of its incorporation and has the requisite corporate
power and authority to own, lease and operate its assets and properties and to conduct its business as it is now being conducted. Each of Graduate and its Subsidiaries is in possession of all franchises, grants, authorizations, licenses, permits,
easements, consents, certificates, approvals and orders necessary to own, lease and operate the properties it purports to own, lease or operate and to carry on its business as it is now being conducted. Each of Graduate and its Subsidiaries is duly
qualified or licensed as a foreign corporation to do business in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its activities makes such qualification or licensing necessary, except for such
failures to be so duly qualified or licensed has not had, or is not reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect on Graduate. Except as set forth in Section 3.1 of the Graduate Disclosure
Letter, Graduate does not directly or indirectly own any equity or similar interest in, or any interest convertible or exchangeable or exercisable for, any equity or similar interest in, any corporation, partnership, joint venture or other business,
association or entity. When used in connection with Graduate or any of its Subsidiaries, the term “Material Adverse Effect” means any change, event, condition, circumstance, occurrence, effect, state of facts or development that,
individually or in the aggregate, (i) will result in any change or effect that is materially adverse to the business, properties, assets (including intangible assets), liabilities, financial condition or financial results of Graduate and its
Subsidiaries, taken as a whole, or (ii) will prevent or materially impede, interfere with, hinder or delay the consummation by Graduate of the Merger or the other transactions referenced in this Agreement; provided, however, that Material
Adverse Effect shall not be deemed to exist if the resultant financial impact of such change, event, condition, circumstance, occurrence, effect, state of facts or development does not exceed NT$300 million. 
 3.2. Articles of Incorporation and Organizational Rules. Graduate has previously furnished to Buyer complete and correct copies of its articles of incorporation
rules for shareholders meeting, board meeting, delegation of powers to officers and similar governing instruments for 

  

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Graduate and each of its Subsidiaries, each as amended to date, and a complete list of which is set forth in Section 3.2 of the Graduate Disclosure
Letter. Such articles of incorporation, rules for shareholders meeting, board meeting, delegation of powers to officers and similar governing instruments are in full force and effect. Neither Graduate nor any of its Subsidiaries is in violation of
any of the provisions of any of such documents. A list of the current members of Graduate’s board of directors are set forth in Section 3.2 of the Graduate Disclosure Letter. 
 3.3. Capitalization. The authorized capital stock of Graduate consists of 420,000,000 shares of Graduate Common Stock. At the close of business on September 30, 2006, (i) 265,708,828 shares of
Graduate Common Stock were issued and outstanding, all of which are duly authorized, validly issued and fully paid, (ii) no shares of Graduate Common Stock were held in treasury by Graduate or by Subsidiaries of Graduate and
(iii) 12,813,000 shares of Graduate Common Stock were government-approved for issuance upon the exercise of outstanding options to purchase Graduate Common Stock under any Graduate stock option plan (as defined below), of which 1,516,500 shares
of Graduate Common Stock are subject to outstanding vested stock options. No change in such capitalization has occurred after September 30, 2006 and on or prior to the date hereof, except the issuance of shares of Graduate Common Stock pursuant
to the exercise of outstanding options. Except as set forth in Section 3.3 of the Graduate Disclosure Letter, there are not any bonds, debentures, notes or other indebtedness of Graduate having the right to vote (or convertible into, or
exchangeable for, securities having the right to vote) on any matters on which shareholders of Graduate are entitled to vote. Except as set forth in this Section 3.3, as of the date of this Agreement, there are no options, warrants, convertible
or exchangeable securities, subscriptions, stock appreciation rights, phantom stock rights, calls, or other rights, commitments, agreements, arrangements or undertakings of any kind (i) relating to the issued or unissued capital stock or equity
interest of Graduate or any of its Subsidiaries, (ii) obligating Graduate or any of its Subsidiaries to issue, transfer, grant or sell any shares of capital stock of, or other equity interests in, or securities convertible or exchangeable for
any shares or other equity interests in, Graduate or any of its Subsidiaries, or (iii) that give any person the right to receive any economic benefit or right similar to or derived from the economic benefits and rights accruing to holders of
capital stock of Graduate or any of its Subsidiaries. Upon issuance on the terms and conditions specified in the instruments pursuant to which they are issuable, all shares of Graduate Common Stock subject to issuance referenced in clause
(iii) above, or in Section 3.3 of the Graduate Disclosure Letter shall be duly authorized, validly issued and fully paid. Other than with respect to actions permitted under Section 5.2, there are no obligations, contingent or
otherwise, of Graduate or any of its Subsidiaries to repurchase, redeem or otherwise acquire any shares of Graduate Common Stock or the capital stock of any Subsidiary or to provide funds to or make any investment (in the form of a loan, capital
contribution or otherwise) in any such Subsidiary or any other entity other than guarantees of obligations of Subsidiaries entered into in the Ordinary Course of Business. All of the outstanding shares of capital stock of each of Graduate’s
Subsidiaries are duly authorized, validly issued and fully paid and all such shares are owned by Graduate or another Subsidiary free and clear of all security interests, liens, claims, pledges, agreements, limitations in Graduate’s voting
rights, charges or other encumbrances of any nature whatsoever. 
 3.4. Authority Relative to this Agreement. Graduate has full power and authority
(including full corporate or other entity power and authority) to execute and deliver this Agreement and to perform its obligations hereunder and, subject to obtaining the Shareholder Approval, to consummate the transactions referenced in this
Agreement. The execution and delivery of this Agreement by Graduate and the consummation by Graduate of the transactions referenced in this Agreement have been duly and validly authorized by all necessary corporate or other action on the part of
Graduate, and no other corporate or other proceedings on the part of Graduate are necessary to authorize this Agreement or to consummate the transactions so contemplated (other than the Shareholder Approval). This Agreement has been duly and validly
executed and delivered by 

  

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Graduate and, assuming the due authorization, execution and delivery by Buyer, constitutes the legal and binding obligation of Graduate, enforceable against
Graduate in accordance with its terms. 
 3.5. No Conflict; Required Filings and Consents. 
 (a) The execution and delivery of this Agreement by Graduate do not, and the consummation of the transactions referenced in this Agreement and compliance
with the provisions of this Agreement by Graduate will not, (i) conflict with or violate the articles of incorporation rules for shareholders meeting, board meetings, delegation of powers to officers of Graduate or equivalent organizational
documents of any of its Subsidiaries, (ii) subject to obtaining the Shareholder Approval and compliance with the requirements set forth in Section 3.5(b) below, conflict with, or result in any violation or breach of, or default (with or
without notice or lapse of time, or both) under any Taiwan Statute or other Applicable law in jurisdictions where Graduate or any of its Subsidiaries are located, own or operate their respective properties or assets or conduct business
(“Graduate Applicable Laws”), or (iii) result in any violation or breach of or constitute a default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, amendment, cancellation or
acceleration of any obligation (except for statutory rights of creditors arising under Taiwan Statute) or to the loss of a benefit under, or impair Graduate’s rights or alter the rights or obligations of any third party under, or result in the
creation of a lien or encumbrance on any of the properties or assets of Graduate or any of its Subsidiaries pursuant to, any note, bond, debenture, mortgage, indenture, contract, agreement, lease, license, permit, franchise, commitment or other
instrument or obligation to which Graduate or any of its Subsidiaries is a party or by which Graduate or any of its Subsidiaries or its or any of their respective properties or assets are bound or affected. Section 3.5(a) of the Graduate
Disclosure Letter lists all consents, waivers and approvals under any Material Contracts required to be obtained in connection with the consummation of the transactions referenced by this Agreement. 
 (b) The execution and delivery of this Agreement by Graduate do not, and the consummation of the transactions referenced in this Agreement and compliance
with the provisions of this Agreement by Graduate will not, require any consent, approval, order, authorization or permit of, or filing with or notification to, any court, administrative agency, commission, or governmental or regulatory authority
under any Graduate Applicable Laws (a “Governmental Entity”), except for (A) Taiwan Fair Trade Act and related Anti-trust laws of the People’s Republic of China (“PRC”), the combination notification with
the Taiwan Fair Trade Commission (“TFTC”), the approval from Taiwan Stock Exchange (the “TSE”) and the FSC for de-listing of the Shares from the TSE, the approval from the Science Park Administration of the foreign
investment approval to the Buyer and the registration with the Ministry of Economic Affairs for the dissolution of the Graduate and the registration of title transfers of the real estate and chattel mortgage from the Graduate to the Buyer with the
applicable government authorities and the regulatory approvals required for the change of control of the Malaysia subsidiary of Graduate, if necessary; (B) where the failure to obtain such consents, approvals, authorizations or permits, or to
make such filings or notifications, (i) would not prevent consummation of the Merger or otherwise prevent Graduate from performing its obligations under this Agreement or (ii) could not, individually or in the aggregate, reasonably be
expected to be material to Graduate. 
 3.6. Compliance; Permits. 
 (a) Except as otherwise disclosed in Section 3.6(a) of the Disclosure Letter, neither Graduate nor any of its Subsidiaries is, in any material respect, in conflict with, or in violation or breach of, or in
default (with or without notice or lapse of time, or both) under, (i) any Graduate Applicable Laws or (ii) any note, bond, debenture, mortgage, indenture, contract, agreement, lease, license, permit, franchise, commitment or other
instrument or obligation to which Graduate or any of its Subsidiaries is a party or by which Graduate or any of its Subsidiaries or its or any of their 

  

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respective properties or assets is bound or affected. To the knowledge of Graduate or any of its Subsidiaries, no action, demand, requirement, investigation
or review by any Governmental Entity is pending or threatened against Graduate or its Subsidiaries, nor has any Governmental Entity indicated an intention to conduct the same. 
 (b) Graduate and its Subsidiaries has in effect all required consents, permits, licenses, certificates, variances, exemptions, authorizations, orders and
approvals from Governmental Entities that are material to the conduct of the business of Graduate and its Subsidiaries and the use of their respective properties and assets, as presently conducted and used (collectively, the “Graduate
Permits”). Graduate and its Subsidiaries are in compliance in all material respects with the terms of the Graduate Permits. To the knowledge of Graduate or any of its subsidiaries, there is no material default under, or material violation
of, any such Graduate Permit. Except as otherwise disclosed in Section 3.6(b) of the Disclosure Letter, the consummation of the Merger or any of the transactions referenced in this Agreement, in and of itself, would not cause the revocation or
cancellation of any such Graduate Permit due to the violation or breach of the terms of the Graduate Permit or the terms under which the Graduate Permit was obtained. 
 3.7. FSC Filings; Financial Statements. 
 (a) All disclosures, notices, submissions, filings and other
documents filed with or submitted to the FSC or TSE by Graduate on or after January 1, 2004 and prior to the date of this Agreement (such disclosures, notices, submissions, filings and other documents, including those that Graduate may file
subsequent to the date hereof, are referred to as the “Graduate Reports”), (i) were prepared in accordance with, and complied with, the requirements of the Taiwan Statute, and (ii) did not, at the time they were filed (or
if amended or superseded by a filing or submission prior to the date of this Agreement, then on the date of such filing or submission) contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or
necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. There are no amendments or modifications to Graduate Reports previously filed with or submitted to the FSC or TSE that are
required to be filed or submitted pursuant to the Taiwan Statute or TSE rules, but that have not yet been so filed or submitted. None of Graduate’s Subsidiaries is required to file or submit any reports or other documents with the FSC or
TSE, except for those that may be required solely because of such Subsidiary’s status as a subsidiary of Graduate. Graduate is in compliance in all material respects with the applicable listing and corporate governance rules and regulations of
the TSE. 
 (b) Each set of consolidated financial statements (including, in each case, any related notes thereto) contained in the Graduate
Reports (the “Graduate Financials”) complied at the time it was filed with applicable accounting requirements and the published rules and regulations of the FSC with respect thereto, was prepared in accordance with generally
accepted accounting principles of Taiwan (“Taiwan GAAP”) applied on a consistent basis throughout the periods involved (except as may be indicated in the notes thereto), and each fairly presents the consolidated financial position
of Graduate and its Subsidiaries as at the respective dates thereof and the consolidated results of its operations and cash flows for the periods indicated, except that the unaudited interim financial statements were or are subject to normal and
recurring adjustments that were not or are not expected to be material in amount, are correct and complete, and are consistent with the books and records of Graduate (which books and records are correct and complete). 
 3.8. Absence of Certain Changes or Events. 
 Except as
otherwise disclosed in Section 3.8 of the Graduate Disclosure Letter, since June 30, 2006, there has not been any Material Adverse Effect on Graduate or any of its Subsidiaries. 

  

 -7- 

 
Without limiting the generality of the foregoing, since that date neither Graduate nor any of its Subsidiaries: 
 (a) has sold, leased, transferred, or assigned any of its assets, tangible or intangible, other than in the Ordinary Course of Business; 
 (b) has entered into any agreement, contract, lease, or license (or series of related agreements, contracts, leases, and licenses) either involving more
than NT$70 million or outside the Ordinary Course of Business; 
 (c) nor any other party has accelerated, terminated, modified, or cancelled
any agreement, contract, lease, or license (or series of related agreements, contracts, leases, and licenses) involving more than NT$35 million, to which Graduate or any of its Subsidiaries is a party or by which it is bound; 
 (d) except as connection with items referred to in subsection (g), has imposed or granted any lien upon any of its assets, tangible or intangible;

 (e) has made any capital expenditure (or series of related capital expenditures) either involving more than NT$70 million or outside the
Ordinary Course of Business; 
 (f) has made any capital investment in, any loan to, or any acquisition of the securities or assets of, any
other Person (or series of related capital investments, loans, and acquisitions) either involving more than NT$35 million, or outside the Ordinary Course of Business; 
 (g) has, on the last day of any calendar month, incurred additional loans or debt security or created, incurred, assumed, or guaranteed any indebtedness for borrowed money or capitalized lease obligation that in the
aggregate exceeds NT$660 million as compared to such amounts outstanding on June 30, 2006, except pursuant to lines of credit or credit facilities in existence prior to June 30, 2006 and disclosed in Section 3.8(g) of the Graduate
Disclosure Letter; 
 (h) has delayed or postponed the payment of accounts payable and other liabilities outside the Ordinary Course of
Business; 
 (i) has cancelled, compromised, waived, or released any right or claim (or series of related rights and claims) either involving
more than NT$35 million, or outside the Ordinary Course of Business; 
 (j) has granted any license or sublicense of any rights under or with
respect to any Intellectual Property; 
 (k) has issued, sold, or otherwise disposed of any of its capital stock, or granted any options,
warrants, or other rights to purchase or obtain (including upon conversion, exchange, or exercise) any of its capital stock; 
 (l) has
declared, set aside, or paid any dividend or made any distribution with respect to its capital stock (whether in cash or in kind) or redeemed, purchased, or otherwise acquired any of its capital stock, other than dividends announced and paid after
May 1, 2007; 
 (m) has experienced any material damage, destruction, or loss (whether or not covered by insurance) to its property;

  

 -8- 

 (n) has entered into any employment contract or collective bargaining agreement, written or oral, or
modified the terms of any existing such contract or agreement with respect to any individual that involves compensation and benefits in excess of NT$3.3 million per annum; 
 (o) has granted any increase in the base compensation of any of its board directors, officers, and employees outside the Ordinary Course of Business;

 (p) has adopted, amended, modified or terminated any bonus, profit-sharing, incentive, severance, or other plan, contract, or commitment
for the benefit of any of its board directors, officers, and employees (or taken any such action with respect to any Benefit Plan); 
 (q)
has made any other change in employment terms for any of its board directors, officers, and employees outside the Ordinary Course of Business; 
 (r) has made or pledged to make any charitable or other capital contribution outside the Ordinary Course of Business; 
 (s) has
discharged a material liability or lien outside the Ordinary Course of Business; 
 (t) has made any loans or advances of money in an amount
in excess of NT$35 million; 
 (u) has made any material change in its accounting methods, principles or practices except as required by
concurrent changes in Taiwan GAAP; 
 (v) has made any material revaluation of any of its assets, including without limitation writing down
the value of capitalized inventory or writing off notes or accounts receivable other than in the Ordinary Course of Business; and 
 (w) has
committed to any of the foregoing. 
 3.9. No Undisclosed Liabilities. To the knowledge of Graduate or any of its Subsidiaries, neither Graduate nor
any of its Subsidiaries has any liabilities (absolute, accrued, contingent or otherwise) of any nature required to be disclosed on a balance sheet or in the related notes to the consolidated financial statements prepared in accordance with Taiwan
GAAP that are, individually or in the aggregate, material to the business, financial results or financial condition of Graduate and its Subsidiaries taken as a whole, except liabilities (i) provided for in Graduate’s balance sheet as of
June 30, 2006, or (ii) incurred since June 30, 2006, in the Ordinary Course of Business, consistent with past practices, none of which, individually or in the aggregate, are material to the business, financial results or financial
condition of Graduate and its Subsidiaries, taken as a whole. 
 3.10. Absence of Litigation. Except as disclosed in Section 3.10 of the
Graduate Disclosure Letter (which shall include a brief identification of the parties, forum, subject matter of the dispute and amount of damages or penalties claimed), neither Graduate nor any of its Subsidiaries has received written notice or
threat of any action, suit, proceeding, arbitration or investigation against Graduate or any of its Subsidiaries that are still outstanding or unresolved, except for routine collection matters. There is not any judgment, decree, injunction, writ,
stipulation, rule or order of any Governmental Entity outstanding against Graduate or any of its Subsidiaries. 
 3.11. Employee Benefit Plans.

 (a) Section 3.11(a) of the Graduate Disclosure Letter lists each material employee benefit plan, contract and arrangement, excluding
Pension Plans, that either Graduate or any of its Subsidiaries maintains, to which either Graduate or any of its Subsidiaries contributes or has any 

  

 -9- 

 
obligation to contribute, or with respect to which either Graduate or any of its Subsidiaries has any liability (the “Benefit Plans”). All Benefit
Plans have been administered in accordance with their terms in all material respects, and all Benefit Plans and all related trust or other agreements comply in form and operation in all material respects with the Applicable Law of the country, state
or local region therein in which each covered employee is employed (“Applicable Employee Benefits Law”). 
 (b) All material
pensions and post retirement benefit plans maintained or contributed to by either Graduate or any of its Subsidiaries are set forth in Section 3.11(b) of the Graduate Disclosure Letter (the “Pension Plans”). All Pension Plans
have been administered in accordance with their terms in all material respects, and all Pension Plans and all related trust and other agreements comply in form and operation in all material respects with Applicable Employee Benefits Law. 

(c) Except as otherwise disclosed in Section 3.11(c) of the Graduate Disclosure Letter, all required filings for all Benefit Plans and all
Pension Plans have been timely made with the appropriate Governmental Entity in accordance with the Applicable Employee Benefits Law, except where the failure to timely file has not materially affected Graduate. All reports or information relating
to all Benefit Plans and all Pension Plans required to be disclosed to participants have been timely disclosed to participants. Except as otherwise disclosed in Section 3.11(c) of the Graduate Disclosure Letter, no disputes, litigation or
claims that will result in liability in excess of NT$2 million individually or NT$10 million in the aggregate, other than such benefit claims as are made in the normal operation of a Benefit Plan or Pension Plan, exist, or to the knowledge of
Graduate or any of its Subsidiaries, is threatened in connection with any Benefit Plan or Pension Plan. 
 (d) Except for severance and
pension payments due under Taiwan Statute as a result of the merger, the consummation of the transactions referenced in this Agreement will not result in an increase in the amount of any benefit or accelerate the vesting, timing, funding or payment
of any benefit under the Benefit Plans. 
 (e) Each of Graduate and its Subsidiaries has deducted and remitted to the relevant Governmental
Entities all income taxes, unemployment insurance contributions, social insurance taxes and other taxes and amounts that it is required to deduct and remit to such governmental entity with respect to Graduate’s and its Subsidiaries’
employees, except where such amounts do not exceed NT$150,000 individually or NT$75 million in the aggregate, and each of Graduate and its Subsidiaries has made all required filings in respect thereof. 
 (f) Prior to the date of this Agreement, Graduate has delivered to Buyer true and complete copies of (i) each Benefit Plan and Pension Plan or, in
the case of any unwritten Benefit Plan or Pension Plan, descriptions thereof, (ii) the three most recent annual reports filed with the appropriate Governmental Entity with respect to each Benefit Plan and Pension Plan, if any such report was
required by applicable law (if any) (iii) each trust agreement, funding agreement or annuity contract relating to each Benefit Plan and Pension Plan (if any) and (iv) the most recent actuarial, valuation report, or description of
contribution and funding status whichever is applicable, relating to each Benefit Plan and Pension Plan (if any) as set forth in Section 3.11(f) of the Graduate Disclosure Letter. 
 (g) Neither Graduate nor any Subsidiary, nor any officer thereof, nor any Benefit Plan or Pension Plan, nor any trust created under any Benefit Plan or
Pension Plan, nor any trustee or administrator of any Benefit Plan or Pension Plan or trust created thereunder (which shall not include any governmental entity administering any Benefit Plan), has engaged in any breach of fiduciary responsibility
that would subject any of the foregoing to a Tax or penalty or liability under Applicable Employee Benefits Law. 
  

 -10- 

 (h) Except as otherwise disclosed in Section 3.11(h) of the Graduate Disclosure Letter, no Benefit
Plan provides benefits to current or future retirees or current or future former employees or their dependents except as required by Applicable Employee Benefits Law. 
 (i) Except as otherwise disclosed in Section 3.11(i) of the Graduate Disclosure Letter, all insurance premiums, contributions or payments required by Applicable Employee Benefits Law or the terms of each Benefit
Plan and Pension Plan have been made or paid in full. 
 (j) Except as disclosed in Section 3.10 of the Graduate Disclosure Letter, no
Benefit Plan or Pension Plan, or the deduction of any contribution to any Benefit Plan or Pension Plan, is the subject of a current or pending audit or examination by any Governmental Entity. 
 (k) Except as otherwise disclosed in Section 3.11(k) of the Graduate Disclosure Letter, no Benefit Plan or Pension Plan provides currently, or has
at any time provided, to any employee any awards of either Graduate’s or any of its Subsidiaries’ capital stock, options to purchase Graduate’s or any of its Subsidiaries’ capital stock, or any other form or type of compensation
based upon Graduate’s or any of its Subsidiaries’ capital stock. 
 3.12. Employees. With respect to each of Graduate and its Subsidiaries:

 (i) there is no collective bargaining agreement or relationship with any labor organization; 
 (ii) to the knowledge of Graduate or any of its Subsidiaries, no executive or manager (in the position of “director” or above)
of Graduate or any of its Subsidiaries (1) has any present intention to terminate his or her employment, or (2) is a party to any confidentiality, non-competition, proprietary rights or other such agreement between such employee and any
Person that would be material to the performance of such employee’s employment duties or to the business activities currently conducted by Graduate or its Subsidiaries, including those business activities that may be conducted after the
transactions referenced in this Agreement; 
 (iii) to the knowledge of Graduate or any of its Subsidiaries, no union
organizing efforts are underway and no employees have requested recognition as a labor organization; 
 (iv) except as
otherwise disclosed in Section 3.12(a)(iv) of the Graduate Disclosure Letter, to the knowledge of Graduate or any of its Subsidiaries, no labor strike, work stoppage, slowdown, or other material labor dispute has occurred, and none is underway
or threatened; 
 (v) except as otherwise disclosed in Section 3.12(a)(v) of the Graduate Disclosure Letter, there is no
workers compensation liability that could have a Material Adverse Effect on Graduate or any of its Subsidiaries; 
 (vi)
except as disclosed in Section 3.12(a)(vi) of the Graduate Disclosure Letter, neither Graduate nor its subsidiaries has received notice of any employment-related charge, complaint, grievance, investigation, inquiry by a Governmental Entity, or
obligation of any kind, pending or threatened in any forum, relating to an alleged violation or breach by Graduate or any of its Subsidiaries (or their officers or board directors) of any law, regulation, or contract that has resulted in or will
result in a liability in excess of NT$1,000,000; and 
  

 -11- 

 (vii) except as otherwise disclosed in Section 3.12(a)(vii) of the Graduate
Disclosure Letter to the knowledge of Graduate or any of its Subsidiaries, no employee of Graduate or any of its Subsidiaries has committed any act or omission giving rise to material liability for any violation or breach identified in Subsection
(vi) above. 
 (b) Within the past 2 years, neither Graduate nor any of its Subsidiaries has implemented any mass layoff of employees
that could give rise to a material liability under Graduate Applicable Laws. 
 (c) To the knowledge of Graduate and except as disclosed in
Section 3.12(c) of the Graduate Disclosure Letter, there is no employment agreement with an executive or manager (in the position of “Vice President” or higher) of Graduate or its Subsidiaries, nor any severance agreements or policies
applicable to employees of Graduate or any of its Subsidiaries. 
 3.13. Restrictions on Business Activities. Except as disclosed in Section 3.13
of the Graduate Disclosure Letter, there is no material agreement, judgment, injunction, order or decree directed against Graduate or any of its Subsidiaries that has or could reasonably be expected to have the effect of prohibiting or materially
impairing any business practice of Graduate or any of its Subsidiaries, any acquisition of property by Graduate or any of its Subsidiaries or the conduct of business by Graduate or any of its Subsidiaries as currently conducted. 
 3.14. Absence of Liens and Encumbrances; Title to Properties. Except as otherwise disclosed in Section 3.14 of the Graduate Disclosure Letter, Graduate and
each of its Subsidiaries has good and valid title to, or, in the case of leased properties and assets, valid leasehold interest in, all of its tangible properties and assets, real, personal and mixed, used in its business, free and clear of any
liens or encumbrances except as reflected in the Graduate Financials and except for liens for taxes not yet due and payable. All leases pursuant to which Graduate or any of its Subsidiaries lease from others material amounts of real or personal
property are valid and effective in accordance with their respective terms, and there is not, under any of such leases, any existing material default or event of default (or any event which with notice or lapse of time, or both, would constitute a
material default and in respect of which Graduate or its Subsidiary has not taken adequate steps to prevent such default from occurring). All the plants, structures and equipment of Graduate and its Subsidiaries, except such as may be under
construction, are in good operating condition and repair. 
 3.15. Taxes. 
 (a) Definition of Taxes. For the purposes of this Agreement, “Tax” or “Taxes” refers to any and all national,
regional, local and foreign taxes, assessments and other governmental charges, duties, impositions and liabilities relating to taxes, including taxes based upon or measured by income, gross receipts, license, payroll, employment, excise, severance,
stamp, occupation, premium, windfall profits, environmental, customs duties, capital stock, franchise, profits, withholding, social security (or similar), unemployment, disability, real property, personal property, sales, use, transfer,
registration, value added, alternative or add-on minimum, provisional, estimated, or other tax of any kind whatsoever, together with all interest, penalties and additions imposed with respect to such amounts and any obligations under any agreements
or arrangements with any other person with respect to such amounts and including any liability for taxes of a predecessor entity. 
 (b)
Tax Returns and Audits. 
 (i) Graduate and each of its Subsidiaries has timely filed all returns, declarations,
reports, claims for refund, or information returns or statements relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof 

  

 -12- 

 
(“Returns”) required to be filed by Graduate and each of its Subsidiaries and have paid all Taxes shown to be due on such Returns.

 (ii) Graduate and each of its Subsidiaries as of the Merger Effective Date will have withheld and paid all Taxes required
to have been withheld and paid in connection with any amounts paid or owing to any independent contractor, creditor, stockholder or other third party. 
 (iii) Neither Graduate nor any of its Subsidiaries has been delinquent in the payment of any Tax nor is there any Tax deficiency outstanding, proposed or assessed against Graduate or any of its Subsidiaries, nor has
Graduate or any of its Subsidiaries executed any waiver of any statute of limitations on or extending the period for the assessment or collection of any Tax. 
 (iv) Except as otherwise disclosed in Section 3.15(b)(iv) of the Graduate Disclosure Letter, no audit or other examination of any
Return of Graduate or any of its Subsidiaries is currently in progress, nor has Graduate or any of its Subsidiaries been notified of any request for such an audit or other examination. Except as otherwise disclosed in Section 3.15(b)(iv) of the
Graduate Disclosure Letter, during the last three years, no Return of Graduate or any of its Subsidiaries has ever been audited or examined by any tax authority, and no notice of such an audit or examination has been received by Graduate or its
Subsidiaries. No deficiencies for any Taxes have been proposed, asserted or assessed in writing against Graduate or any of its Subsidiaries that are not adequately reserved for, and no requests for waivers of the time to assess any such taxes have
been granted or are pending (other than with respect to years that are currently under examination by the Service or other applicable taxing authorities). 
 (v) Except as otherwise disclosed in Section 3.15(b)(v) of the Graduate Disclosure Letter, no adjustment relating to any Returns filed by Graduate or any of its Subsidiaries has been proposed formally or
informally by any Tax authority to Graduate or any of its Subsidiaries or any representative thereof and, to the knowledge of Graduate or any of its Subsidiaries, no basis exists for any such adjustment which would be material to Graduate.

 (vi) To the knowledge of Graduate or any of its Subsidiaries, neither Graduate nor any of its Subsidiaries has any
liability for unpaid Taxes which have not been accrued for or reserved on Graduate’s balance sheet as of June 30, 2006. 
 (vii) Except as otherwise disclosed in Section 3.15(b)(vii) of the Graduate Disclosure Letter, no power of attorney that is currently in force has been granted with respect to any matter relating to Taxes payable by Graduate or any of
its Subsidiaries. 
 (viii) Neither Graduate nor any of its Subsidiaries is party to or affected by any tax-sharing or
allocation agreement or arrangement. 
 (ix) Section 3.15(b)(ix) of the Graduate Disclosure Letter lists (x) any Tax
exemption, Tax holiday or similar Tax reducing agreement that Graduate or any of its Subsidiaries has in any jurisdiction, including the nature, amount and lengths of such Tax exemption, Tax holiday or other Tax sparing arrangement and (y) any
expatriate tax programs or policies affecting Graduate or any of its Subsidiaries. To the knowledge of Graduate or any of its Subsidiaries, each of Graduate and its Subsidiaries is in material compliance with all terms and conditions of any Tax
exemption, Tax holiday or other Tax sparing agreement or order of any Governmental Entity and the consummation of the transactions referenced in this Agreement will not have any adverse effect on the continued 

  

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validity and effectiveness of any such Tax exemption, Tax holiday or other Tax-sparing agreement or order. 
 (x) There are no liens for any Taxes upon the assets of Graduate or its Subsidiaries other than statutory liens for Taxes not yet due and
payable. 
 3.16. Environmental Matters. 
 (a) Except as otherwise disclosed in Section 3.16(a) of the Graduate Disclosure Letter, each of Graduate and its Subsidiaries has complied and is in compliance in all material respects with all, and is not subject to material liability
for any violations of any, Environmental, Health, and Safety Requirements. 
 (b) Except as otherwise disclosed in Section 3.16(b) of the
Graduate Disclosure Letter, to the knowledge of Graduate and or of its Subsidiaries and without limiting the generality of the foregoing, each of Graduate and its Subsidiaries has obtained or is in the process of obtaining, and has complied with and
is in material compliance with all permits, licenses, consents, approvals, orders and other authorizations that are required pursuant to Environmental, Health, and Safety Requirements for the operation of their businesses; and a list of all such
permits, licenses and other authorizations is set forth on the Graduate Disclosure Letter. 
 (c) Except as otherwise disclosed in
Section 3.16(c) of the Graduate Disclosure Letter, neither Graduate nor any of its Subsidiaries is aware of any actual or alleged violation of Environmental, Health, and Safety Requirements, or any liabilities, including any investigatory,
remedial or corrective obligations, relating to any of them or their facilities arising under Environmental, Health, and Safety Requirements. 
 (d) Except as otherwise disclosed in Section 3.16(d) of the Graduate Disclosure Letter, to the knowledge of Graduate or any of its Subsidiaries, none of the following exists at any location in which Graduate or any of their
Subsidiaries conducts or has conducted their businesses: (i) underground storage tanks, (ii) materials or equipment containing polychlorinated biphenyls, (iii) landfills, surface impoundments, or disposal areas, or
(iv) above-ground storage tanks containing or which at one time contained Hazardous Materials. 
 (e) Except as otherwise disclosed in
Section 3.16(e) of the Graduate Disclosure Letter, to the knowledge of Graduate or any of its Subsidiaries, neither Graduate nor any of its Subsidiaries has improperly treated, stored, disposed of, arranged for or permitted the disposal of,
transported, handled, manufactured, distributed, or released any Hazardous Materials, or owned or operated any property or facility (and no such property or facility is contaminated by any such substance) so as to give rise to any material
liabilities, including any liability for fines, penalties, response costs, corrective action costs, personal injury, property damage, natural resources damages or attorneys’ fees, pursuant to any Environmental, Health, and Safety Requirements.

 (f) To the knowledge of Graduate or any of its Subsidiaries, neither this Agreement nor the consummation of the transactions that are the
subject of this Agreement will result in any material obligation for site investigation or cleanup, or notification to or consent of government agencies or third parties, pursuant to any Environmental, Health, and Safety Requirements. 
 (g) Except as otherwise disclosed in Section 3.16(g) of the Graduate Disclosure Letter, to the knowledge of Graduate or any of its Subsidiaries,
neither Graduate nor any of its Subsidiaries has assumed, undertaken or otherwise become subject to any liability, including without limitation any material obligation for corrective or remedial action, of any other Person relating to Environmental,
Health, and Safety Requirements. 
  

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 (h) Except as otherwise disclosed in Section 3.16(h) of the Graduate Disclosure Letter, to the
knowledge of Graduate or any of its Subsidiaries, no facts, events or conditions relating to the past or present facilities, properties or operations of Graduate or any of its Subsidiaries prevents, hinders or limits continued compliance with
Environmental, Health, and Safety Requirements, gives rise to any investigatory, remedial or corrective obligations pursuant to Environmental, Health, and Safety Requirements, or gives rise to any other material liabilities pursuant to
Environmental, Health, and Safety Requirements, including without limitation any relating to on-site or off-site releases or threatened releases of Hazardous Materials, substances or wastes, personal injury, property damage or natural resources
damage. 
 (i) Except as otherwise disclosed in Section 3.16(i) of the Graduate Disclosure Letter, Graduate has furnished to Buyer
(i) all environmental audits, assessments, investigations, reports and other material environmental documents, including, but not limited to any Phase I and Phase II environmental assessments, relating to its or its Subsidiaries’ past or
current properties, facilities, or operations that are in its possession or under their reasonable control, and (ii) all correspondence and other documents relating to communications to or from any governmental entity or any third party
regarding violations of and Environmental, Health, and Safety Requirements or of any conditions that would give rise to material liability or responsibility under the Environmental, Health, and Safety Requirements delivered or received by Graduate
or any of its Subsidiaries within the last three years. 
 3.17. Agreements. The agreements set forth in Section 3.17 of the Graduate Disclosure
Letter are the valid and effective, as of the date of this Agreement, agreements of Graduate and its subsidiaries (collectively, “Material Contracts”): 
 (a) with or to any labor union; 
 (b) for the future purchase, sale or manufacture of products, material,
supplies, equipment or services requiring payment to or from Graduate or any Subsidiary in an amount in excess of NT$70 million per annum that is not terminable on 60 days’ or less notice without cost or other liability at or at any time after
the Merger Effective Date or in which Graduate or any Subsidiary has granted or received manufacturing rights, most favored nation pricing provisions or exclusive marketing rights relating to any product, group of products or territory; 

(c) that has involved or is expected to involve a sharing of profits of Graduate or any of its Subsidiaries with any other party (other than with
employees and shareholders solely in their capacities as such or in connection with rebates, commissions, success, royalties or contingent fees dependant upon or derived from revenues); 
 (d) for the employment or retention of any officer, employee or consultant that by its terms is not immediately terminable without cost or other
liability, at or at any time after the Merger Effective Date, except for agreements that cannot be immediately terminable pursuant to Graduate Applicable Laws; 
 (e) all lines of credit or similar bank loan for the borrowing of money (with indication of the revolving credit amount, if applicable) and those leasing transactions of a type required to be capitalized in accordance
with Taiwan GAAP under which payments to any third party exceed NT$5 million per annum; 
 (f) under which Graduate or any Subsidiary is
lessee, sublessee, lessor or sublessor of any parcel of real property or of any items of tangible personal property under which monthly payments to or from a third party exceed NT$500,000; 
  

 -15- 

 (g) that has not been terminated or performed in its entirety that may be, by its terms, terminated,
impaired or adversely affected by reason of the execution of this Agreement or the transactions referenced in this Agreement; 
 (h) for the
sale of any assets, properties or rights to someone other than a customer pursuant to a manufacturing agreement having a stated or expected value in excess of NT$15 million individually and NT$30 million in the aggregate; 
 (i) that, to the knowledge of Graduate or any of its Subsidiaries, restricts Graduate or any Subsidiary from engaging in any aspect of its business or
competing in any line of business in any geographic area (other than representative or distributor agreements entered into in the Ordinary Course of Business); or 
 (j) a contract, agreement or arrangement between Graduate or any of its Subsidiaries on the one hand, and any officer or board director of Graduate or any of its Subsidiaries or any person directly or indirectly
owning, controlling or holding power to vote 5% or more of Graduate’s outstanding voting securities (other than compensation arrangements involving a board director or officer of Graduate), on the other hand. 
 Each Material Contract is valid and binding on Graduate or its Subsidiary and in full force and effect and, to the best knowledge of Graduate or its
Subsidiary, is not subject to any default thereunder by any party obligated to Graduate or its Subsidiary pursuant thereto. Except as otherwise disclosed in Section 3.17 of the Graduate Disclosure Letter, no Material Contract contains any
material liquidated damages, penalty or similar provision that has a value in excess of NT$30 million. Neither Graduate nor its Subsidiary intends to cancel, withdraw, modify or amend any such Material Contract and, to the knowledge of Graduate or
its Subsidiary, no other party to the Material Contract intends to cancel, withdraw, modify or amend any Material Contract other than pursuant to the terms of such Material Contract. 
 3.18. Brokers. Except as otherwise disclosed in Section 3.18 of the Graduate Disclosure Letter, no broker, financial advisor, finder or investment is entitled to any brokerage, finder’s or other fee
or commission in connection with the transactions referenced in this Agreement based upon arrangements made with Graduate or any of its Subsidiaries. 
 3.19. Intellectual Property. 
 (a) Each of Graduate and its Subsidiaries owns or possesses or has the right to use pursuant
to a valid and enforceable written license, sublicense, agreement, or permission all Intellectual Property necessary or desirable for the operation of their respective businesses as presently conducted and as presently proposed to be conducted. To
the knowledge of Graduate or any of its Subsidiaries, each item of Intellectual Property owned or used by either Graduate or any of its Subsidiaries immediately prior to the Closing hereunder shall be owned or available for use by Buyer on identical
terms and conditions immediately subsequent to the Merger Effective Date. Each of Graduate and its Subsidiaries has taken all necessary and desirable action to maintain and protect each item of Intellectual Property that it owns or uses. 

(b) Except as set forth in Section 3.19(b) of the Graduate Disclosure Letter, to the knowledge of Graduate or any of its Subsidiaries, neither
Graduate nor any of its Subsidiaries has infringed upon or misappropriated any Intellectual Property rights of third parties, and neither Graduate nor any of its Subsidiaries has ever received any charge, complaint, claim, demand, or notice alleging
any such interference, infringement, misappropriation, or violation (including any claim that Graduate or any of its Subsidiaries must license or refrain from using any Intellectual Property rights of any third party). To the knowledge of Graduate
nor any of its Subsidiaries, no 

  

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third party has infringed upon or misappropriated any Intellectual Property rights of Graduate or any of its Subsidiaries. 
 (c) Section 3.19 (c) of the Graduate Disclosure Letter identifies each patent or registration that has been issued to Graduate or any of its
Subsidiaries with respect to any Intellectual Property, identifies each pending patent application or application for registration that Graduate or any of its Subsidiaries has made with respect to any Intellectual Property, and identifies each
license, agreement, or other permission that Graduate or any of its Subsidiaries has granted to any third party with respect to any of their Intellectual Property. Graduate has delivered to Buyer correct and complete copies of all such patents,
registrations, applications, licenses, agreements, and permissions (as amended to date) and has made available to Buyer correct and complete copies of all other written documentation evidencing ownership and prosecution (if applicable) of each such
item. Section 3.19 (c) of the Graduate Disclosure Letter also identifies each unregistered trademark, service mark, trade name, corporate name or Internet domain name and computer software item (other than commercially available
off-the-shelf software purchased or licensed for less than a total cost of NT$100,000 individually) used by either Graduate or any of its Subsidiaries in connection with their businesses. With respect to each item of Intellectual Property required
to be identified in Section 3.19 (c) of the Graduate Disclosure Letter: 
 (i) except as otherwise disclosed in
Section 3.19(c)(i) of the Graduate Disclosure Letter, either Graduate or one of its Subsidiaries as the case may be possesses all right, title, and interest in and to the item, free and clear of any lien, license, or other restriction or
limitation regarding use or disclosure, including any outstanding injunction, judgment, order, decree or ruling; 
 (ii)
except as disclosed pursuant to Section 3.10, no action, suit, proceeding, hearing, investigation, complaint, claim, or demand is pending or, to the knowledge of Graduate and its Subsidiaries is threatened that challenges the legality,
validity, enforceability, use, or ownership of the item, and there are no grounds for the same; 
 (iii) except as otherwise
disclosed in Section 3.19(c)(iii) of the Graduate Disclosure Letter, neither Graduate nor any of its Subsidiaries has any outstanding agreements to indemnify any Person, other than customers in the Ordinary Course of Business, for or against
any infringement or misappropriation with respect to the item; and 
 (iv) no loss or expiration of the item is threatened,
pending, or reasonably foreseeable, except for patents expiring at the end of their statutory terms (and not as a result of any act or omission by Graduate or any of its Subsidiaries, including without limitation, a failure by Graduate or any of its
Subsidiaries to pay any required maintenance fees) and patents that Graduate reasonably determines no longer have commercial value. 
 (d)
Section 3.19(d) of the Graduate Disclosure Letter identifies each item of Intellectual Property that any third party (other than customers) owns and that either Graduate or any of its Subsidiaries uses pursuant to license, sublicense,
agreement, or permission. Graduate has delivered to Buyer correct and complete copies of all such licenses, sublicenses, agreements, and permissions (as amended to date). With respect to each item of Intellectual Property required to be identified
in Section 3.19(d) of the Graduate Disclosure Letter: 
 (i) the license, sublicense, agreement or permission covering
the item is, to Graduate’s knowledge, legal, valid, binding, enforceable, and in full force and effect in accordance with its terms and subject to any limitations under applicable law; 
  

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 (ii) the license, sublicense, agreement, or permission shall, to Graduate’s
knowledge, continue to be legal, valid, binding, enforceable, and in full force and effect in accordance with its terms and subject to any limitations under applicable law following the consummation of the transactions referenced in this Agreement;

 (iii) no party to the license, sublicense, agreement, or permission is, to Graduate’s knowledge, in breach or default,
and no event has occurred that with notice or lapse of time would constitute a breach or default or permit termination, modification, or acceleration of payments thereunder; 
 (iv) no party to the license, sublicense, agreement, or permission has, to the knowledge of Graduate or any of its Subsidiaries,
repudiated in writing, any provision thereof; 
 (v) to Graduate’s knowledge, with respect to each sublicense, the
representations and warranties set forth in subsections (i) through (iv) above are true and correct with respect to the underlying license; 
 (vi) except as disclosed in Section 3.10 to Graduate’s Disclosure Letter, to the knowledge of Graduate or any of its Subsidiaries, no action, suit, proceeding, hearing, investigation, charge, complaint,
claim, or demand is pending or, to the knowledge of Graduate, its Subsidiaries, is threatened that challenges the legality, validity, or enforceability of the underlying item of Intellectual Property, and there are no grounds for the same; and

 (vii) except as otherwise disclosed in Section 3.19(d)(vii) of the Graduate Disclosure Letter neither Graduate nor any
of its Subsidiaries has granted any sublicense or similar right with respect to the license, sublicense, agreement, or permission, other than to a Subsidiary. 
 (e) To the knowledge of Graduate or any of its Subsidiaries: (i) neither Graduate nor any of its Subsidiaries has in the past nor will infringe upon or misappropriate any Intellectual Property rights of third
parties as a result of the continued operation of their businesses as presently conducted and as presently proposed to be conducted; (ii) except as set forth in Section 3.19(e) of the Graduate Disclosure Letter, no notices regarding any of
the foregoing (including, without limitation, any demands or offers to license any Intellectual Property from any third party) have been received by Graduate or any of its Subsidiaries. 
 (f) Neither Graduate nor any of its Subsidiaries has any knowledge of any new products, inventions, procedures, or methods of manufacturing or processing
that any competitors have developed that will supersede any material process of Graduate or any of its Subsidiaries. 
 (g) Each of Graduate
and its Subsidiaries has taken all necessary and desirable actions to maintain and protect all of its Intellectual Property and will continue to maintain and protect all of its Intellectual Property prior to the Merger Effective Date so as not to
materially adversely affect the validity or enforceability thereof. 
 (h) Each of Graduate and its Subsidiaries has complied in all material
respects with and are presently in compliance in all material respects with all foreign, national, regional, local, governmental, administrative or regulatory laws, regulations, guidelines and rules applicable to any Intellectual Property of
Graduate or its Subsidiaries 
  

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 3.20. Insurance. Graduate maintains insurance policies covering the assets, equipment, properties, employees, and
board directors’ and supervisors’ liability of Graduate and its Subsidiaries which are of the type and in amounts customarily carried by persons conducting businesses similar to those of Graduate and its Subsidiaries. There is no
individual claim in excess of NT$1.5 million or aggregate claims in excess of NT$30 million by Graduate or any of its Subsidiaries pending under any of the insurance policies maintained by Graduate (collectively, the “Insurance Policies”)
as to which coverage has been questioned, denied or disputed by their underwriters. All premiums under such Insurance Policies have been paid and Graduate and its Subsidiaries are otherwise in full compliance with the terms of such policies.
Graduate does not know of any threatened termination of, or material premium increase with respect to, any of its Insurance Policies. Set forth in Section 3.20 of the Graduate Disclosure Letter is a true and complete list of all insurance
policies in force naming Graduate, any of its Subsidiaries or employees or board directors thereof as an insured or beneficiary or as a loss payable payee or for which Graduate or any of its Subsidiaries has paid or is obligated to pay all or part
of the premiums. All such insurance policies are in full force and effect, all premiums due and payable thereon have been paid, and neither Graduate nor any of its Subsidiaries has received, as of the date hereof, written notice of any pending or
threatened cancellation or premium increase (retroactive or otherwise) with respect to the Insurance Policies. 
 3.21. Board Approval. The Board of
Directors of Graduate, at a meeting duly called and held at which at least two-third of all board directors of Graduate were present, duly adopted resolutions (i) adopted this Agreement and approved the Merger and the transactions referenced in
this Agreement, (ii) declaring that it is advisable and in the best interests of the shareholders of Graduate that Graduate enter into this Agreement and consummate the Merger and the other transactions referenced in this Agreement on the terms
and subject to the conditions set forth in this Agreement, (iii) directing that the adoption of this Agreement be submitted as promptly as practicable to a vote at a meeting of the shareholders of Graduate and (iv) recommending that the
shareholders of Graduate approve and adopt this Agreement, which resolutions, as of the date of this Agreement, have not been subsequently rescinded, modified or withdrawn in any way. 
 3.22. Vote Required. The affirmative vote by the holders of (i) a majority of the votes present at the shareholders’ meeting attended by holders of at least two-thirds of the outstanding and issued
shares of Graduate Common Stock; or (ii) at least two-thirds of the votes present at the shareholders’ meeting attended by holders of at least a majority but less than two-thirds of the issued and outstanding shares of Graduate Common
Stock, as the case may be, (the “Shareholder Approval”) is the only vote of the holders of any class or series of Graduate’s capital stock necessary to approve and adopt this Agreement and to approve the Merger. 
 3.23. Right to Dissent. 
 Other than the
shareholders’ appraisal rights under Taiwan Statute, nothing in Graduate articles of incorporation provides or would provide to any person, including the holders of Graduate Common Stock, upon execution of this Agreement or consummation of the
Merger and the other transactions referenced in this Agreement, any additional appraisal or similar rights to demand Graduate to purchase their shares. 
 3.24. Properties. 
 (a) Section 3.24(a) of the Graduate Disclosure Letter contains a true and complete list of
(i) all real property owned by Graduate or any of its Subsidiaries where revenues attributable to each such real property site exceeded NT$23million in Graduate’s last completed fiscal year and (ii) all material real property owned by
Graduate (collectively, the “Owned Real Property”) and for each parcel of Owned Real Property, identifies the correct street address and current use (including business unit, if applicable) of such Owned Real Property. Neither
Graduate nor any of its 

  

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Subsidiaries has received any notice of any, and to the knowledge of Graduate there is no, default under any restrictive covenants, restrictions and
conditions affecting the Owned Real Property and there has not occurred any event that with the lapse of time or the giving of notice or both would constitute such a default under any such restrictive covenants, restrictions or conditions.

 (b) Section 3.24(b) of the Graduate Disclosure Letter contains a true and complete list of (i) all real property leased,
subleased, licensed or otherwise used or occupied (whether as a tenant, subtenant or pursuant to other occupancy arrangements) by Graduate or any of its Subsidiaries or which Graduate or any of its Subsidiaries has the right to use or occupy where
revenues attributable to each such real property site exceeded NT$23 million in the Graduate’s last completed fiscal year and (ii) all material real property leased, subleased, licensed or otherwise used or occupied (whether as a tenant,
subtenant or pursuant to other occupancy arrangements) by Graduate or any of its Subsidiaries or which Graduate or any of its Subsidiaries has the right to use or occupy (collectively, including the improvements thereon, the “Leased Real
Property”), and for each Leased Real Property, identifies the correct street address and current use (including business unit, if applicable) of such Leased Real Property. True and complete copies of all written agreements and written
summaries of the material terms of all oral agreements (in each case, including all material written modifications, amendments, supplements, waivers and side letters thereto) under which Graduate or any of its Subsidiaries is the landlord,
sublandlord, tenant, subtenant, or occupant (each a “Real Property Lease”) that have not been terminated or expired as of the date of this Agreement have been made available to Buyer prior to the date hereof. 
 (c) Except as otherwise disclosed in Section 3.24(c) of the Graduate Disclosure Letter, Graduate and/or its Subsidiaries have good and marketable
title to all Owned Real Property and valid leasehold estates in all Leased Real Property free and clear, in each case, of all liens and third party claims. 
 (d) Other than the Real Property Leases, none of the Owned Real Property or the Leased Real Property is subject to any lease, sublease, license or other agreement granting to any other person, other than Subsidiaries,
any right to the use, occupancy or enjoyment of such Owned Real Property or Leased Real Property or any part thereof. 
 (e) Each Real
Property Lease is in full force and effect and constitutes the valid and legally binding obligation of Graduate or any of its Subsidiaries, enforceable in accordance with its terms and subject to limitation under Applicable Laws, and there is no
material default under any Real Property Lease either by Graduate or any of its Subsidiaries party thereto or, to the knowledge of Graduate or any of its Subsidiaries, by any other party thereto. 
 (f) There does not exist any violations of building codes or pending condemnation or eminent domain proceedings that materially and adversely affects any
Owned Real Property or, to the knowledge of Graduate or any of its Subsidiaries, any such proceedings that affect any Leased Real Property or, to the knowledge of Graduate or any of its Subsidiaries, any threatened condemnation or eminent domain
proceedings that materially and adversely affects any Owned Real Property or Leased Real Property, and neither Graduate nor any of its Subsidiaries have received any written notice of the intention of any Governmental Authority or other person to
take or use any Owned Real Property or Leased Real Property. 
 (g) The buildings and improvements on the Owned Real Property and the Leased
Real Property are in reasonable condition and in a state of reasonable and working maintenance and repair, ordinary wear and tear excepted. 
 (h) Except as otherwise disclosed in Section 3.24(h) of the Graduate Disclosure Letter, Graduate and each of its Subsidiaries are in possession of and have good title to free and clear of all 

  

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liens, or have valid leasehold interests in, all tangible personal property used in the business of Graduate and each of its Subsidiaries, respectively.

 3.25. Corrupt Practices. Neither Graduate, nor any of its Subsidiaries, nor any of their respective board directors, officers, agents, employees
or, to the knowledge of Graduate or any of its Subsidiaries, any other persons acting on their behalf has, in connection with the operation of their respective businesses, (i) used any corporate or other funds for unlawful contributions,
payments, gifts or entertainment, or made any unlawful expenditures relating to political activity, to government officials, candidates or members of political parties or organizations, or established or maintained any unlawful or unrecorded funds
in violation of any applicable foreign, federal or state law, and (ii) paid, accepted or received or any unlawful contributions, payments, expenditures or gifts, except, in the case of clauses (i) and (ii), has not had and is not
reasonably expected to have, individually or in the aggregate, a Material Adverse Effect. 
 3.26. Related Party Transactions. Except to the extent
disclosed in Section 3.26 of the Graduate Disclosure Letter, there are and have been no transactions, agreements, arrangements or understandings involving Graduate or its Subsidiaries that would be required to be disclosed under Taiwan Statute
or TSE rules. 
 3.27. Product Warranty. Neither Graduate nor any of its Subsidiaries has any liability (and there is no known basis for any present
or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it giving rise to any liability) for replacement or repair thereof or other damages in connection with any product manufactured, sold, leased or
delivered by Graduate or any of its Subsidiaries, subject only to the reserve, if any, for product warranty claims set forth on the face of the Graduate Financials (rather than in any notes thereto), as adjusted for the passage of time through the
Merger Effective Date in accordance with past custom and practice. Neither Graduate nor any of its Subsidiaries has standard terms and conditions of sale or lease. 
 3.28. Product Liability. Neither Graduate nor any of its Subsidiaries is aware of any liability (or any basis for any present or future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against it
giving rise to any liability) arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product sold by Graduate or any of its Subsidiaries. 
 3.29. Customers and Suppliers. Section 3.29(a) of the Graduate Disclosure Letter lists the 10 largest customers of Graduate and its Subsidiaries for each of
the two most recent fiscal years and sets forth opposite the name of each such customer the percentage of consolidated net sales attributable to such customer. Section 3.29(a) of the Graduate Disclosure Letter also lists any additional current
customers that Graduate and its Subsidiaries anticipate shall be among the five largest customers for 2006. 
 (b) Section 3.29(b) of
the Graduate Disclosure Letter lists the 10 largest non-equipment suppliers of Graduate and its Subsidiaries for each of the two most recent fiscal years and sets forth opposite the name of each such supplier the annual expenses attributable to such
supplier. Since June 30, 2006, to the knowledge of Graduate or any of its Subsidiaries, no such supplier of Graduate or any Subsidiary has indicated that it shall stop, or materially decrease the rate of, supplying materials, products or
services to Graduate or any of its Subsidiaries, and no customer listed in Section 3.29 of the Graduate Disclosure Letter has indicated that it shall stop, or materially decrease the rate of, buying products from Graduate or its Subsidiaries.

 3.30. Disclosure. None of the representations or warranties made by Graduate herein or in any Exhibit hereto or in the Graduate Disclosure Letter,
or document furnished by Graduate on or prior to the Merger Effective Date pursuant to Section 6.2 of this Agreement, when all such documents 

  

 -21- 

 
are read together in their entirety, contains or will contain at the Merger Effective Date any untrue statement of a material fact, or omits or will omit at
the Merger Effective Date to state any material fact necessary in order to make the statements contained herein or therein, in the light of the circumstances under which made, not misleading. 
 3.31. Knowledge of Graduate and Subsidiaries. 
 For purposes of this
Agreement, Graduate and its Subsidiaries shall be deemed to have knowledge of a particular fact or matter only if a board director or officer (in a position of Vice General Manager or above) of Graduate or its Subsidiaries, respectively, has actual
knowledge of such fact or matter after due inquiry. 
 ARTICLE 4 
 REPRESENTATIONS AND WARRANTIES OF BUYER 
 Buyer represents and warrants to
Graduate, that the statements contained in this Article 4 are correct and complete as of the date of this Agreement and shall be correct and complete as of the Merger Effective Date (as though made then and as though the Merger Effective Date were
substituted for the date of this Agreement throughout this Article 4). 
 4.1. Organization and Qualification; Subsidiaries. Buyer is a corporation
duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation. When used in connection with Buyer, the term “Material Adverse Effect” means any change, event, condition, circumstance,
occurrence, effect, state of facts or development that, individually or in the aggregate, (i) is reasonably expected to result in any change or effect that is materially adverse to the business, properties, assets (including intangible assets),
liabilities, financial condition or financial results prospects of Buyer or (ii) is reasonably expected to prevent or materially impede, interfere with, hinder or delay the consummation by Buyer of the Merger or the other transactions
referenced in this Agreement; provided, however, that Material Adverse Effect shall not be deemed to include the impact. 
 4.2. Authority Relative to
this Agreement. Buyer has all necessary corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder and to consummate the transactions referenced in this Agreement. The execution and delivery of
this Agreement by Buyer and the consummation by Buyer of the transactions referenced in this Agreement have been duly and validly authorized by all necessary corporate action on the part of Buyer, and no other corporate proceedings on the part of
Buyer are necessary to authorize this Agreement or to consummate the transactions so contemplated. This Agreement has been duly and validly executed and delivered by Buyer and, assuming the due authorization, execution and delivery by Graduate,
constitutes legal and binding obligations of Buyer, enforceable against Buyer in accordance with its terms. 
 4.3. No Conflict; Required Filings and
Consents. 
 (a) The execution and delivery of this Agreement and Buyer do not, and consummation of the transactions referenced in this
Agreement and compliance with the provisions of this Agreement by Buyer will not, (i) conflict with or violate the certificate of incorporation or bylaws or equivalent organizational documents of Buyer, (ii) subject to compliance with the
requirements set forth in Section 4.3(b) below, conflict with, or result in any violation or breach of, or default (with or without notice or lapse of time or both) under, any federal, state or local statute, law, rule, regulation, 

  

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ordinance, order, writ, injunction, stipulation, judgment or decree, whether civil, criminal or administrative, applicable to Buyer or by which its or any of
its respective properties or assets is bound or affected, or (iii) result in any violation or breach of or constitute a default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, amendment,
cancellation or acceleration of any obligation or to the loss of a benefit under, or impair Buyer’s rights or alter the rights or obligations of any third party under, or result in the creation of a lien or encumbrance on any of the properties
or assets Buyer pursuant to, any material note, bond, debenture, mortgage, indenture, contract, agreement, lease, license, permit, franchise, commitment or other instrument or obligation to which Buyer is a party or by which Buyer or its or any of
its respective properties or assets are bound or affected. 
 (b) The execution and delivery of this Agreement by Buyer do not, and the
consummation of the transactions referenced in this Agreement and compliance with the provisions of this Agreement by Buyer will not, require any consent, approval, order, authorization or permit of, or filing with or notification to, any
Governmental Entity, except (A) for applicable requirements, if any, of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, blue sky laws, the Taiwan Statues, Taiwan Fair Trade Act and related Anti-trust
laws of PRC and of foreign Governmental Entities and the rules and regulations thereunder, including but not limited to Taiwan FTC merger clearance, the approval from Taiwan Stock Exchange (the “TSE”) and the Financial Supervisory
Commission (the “FSC”) for de-listing of the Shares from the TSE, the approval from the Hsinchu Science Park Administration/Investment Commission of the reinvestment and foreign investment approval to the Buyer and the registration with
the Ministry of Economic Affairs for the liquidation of the Graduate and the registration of title transfers of the real estate and chattel mortgage from the Graduate to the Buyer with the applicable government authorities and the regulatory
approvals required for the change of control of the Malaysia subsidiary of Graduate, if necessary. (B) where the failure to obtain such consents, approvals, authorizations or permits, or to make such filings or notifications, (i) would not
prevent consummation of the Merger or otherwise prevent Buyer from performing its obligations under this Agreement or (ii) could not, individually or in the aggregate, reasonably be expected to be material to Buyer. 
 4.4. Brokers. No broker, financial advisor, finder or investment banker (other than Citigroup Global Markets Inc.) is entitled to any brokerage, finders or other
fee or commission in connection with the transactions referenced in this Agreement based upon arrangements made by or on behalf of Buyer. 
 4.5.
Disclosure. None of the representations or warranties made by Buyer herein, or document furnished by Buyer at the Closing pursuant to Section 6.3 of this Agreement, when all such documents are read together in their entirety, contains or
will contain at the Merger Effective Date any untrue statement of a material fact, or omits or will omit at the Merger Effective Date to state any material fact necessary in order to make the statements contained herein or therein, in the light of
the circumstances under which made, not misleading. 
 ARTICLE 5 
 COVENANTS 
 5.1. Information and Access. Subject to and in accordance with the terms and
conditions of that certain letter agreement dated September 29, 2006, between Jabil Circuit, Inc. and Graduate (the “Confidentiality Agreement”) and any other confidentiality agreement between the parties, from the date of this
Agreement and continuing until the Merger Effective Date, each party shall afford the other, upon reasonable request, reasonable access to its properties, books, records, information, personnel and consultants, including the party’s independent
auditors. Graduate will 

  

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give immediate written notice to Buyer of any breach of any of the representations and warranties in Article 3 above. 
 5.2. Conduct of Business. 
 (a) Conduct of Business
of Graduate Pending the Merger. During the period from the date of this Agreement and continuing until the Merger Effective Date or the termination of this Agreement pursuant to Section 7.1, whichever is earlier, except as consented to in
writing in advance by Buyer, which shall not be unreasonable withheld or as expressly permitted pursuant to this Agreement, (i) Graduate shall keep Buyer apprised of all material changes in any aspect of the business of Graduate, including that
of any of its Subsidiaries, and (ii) Graduate and its Subsidiaries shall conduct their respective businesses in the ordinary and usual course consistent with past practice and in compliance in all material respects with all applicable laws and
regulations, and each of Graduate and its Subsidiaries shall use all reasonable efforts to maintain and preserve intact its business organization. Without limiting the generality of the foregoing and except as expressly permitted pursuant to this
Agreement, and except as disclosed in Section 5.2 of the Graduate Disclosure Letter, following the execution of this Agreement and prior to the Merger Effective Date, neither Graduate nor any of its Subsidiaries shall, unless this Agreement is
terminated pursuant to Section 7.1, without the prior written consent of Buyer, which shall not be unreasonably withheld, take any act of the type referenced in Section 3.8 hereof or authorize or enter into any contract, agreement,
commitment or arrangement to do any of the foregoing. Graduate shall give Buyer the opportunity to participate in the defense or settlement of any litigation, proceedings or claims against Graduate relating to the transactions referenced in this
Agreement and settlement of any litigation, proceeding or claim shall be subject to Buyer’s prior written consent. 
 (b) Conduct of
Business of Buyer Pending the Merger. During the period from the date of this Agreement and continuing until the earlier of the termination of this Agreement or the Merger Effective Date, Buyer covenants and agrees that, unless Graduate shall
otherwise agree in writing, they shall not take, or agree in writing or otherwise to take, any action that would make any of the representations or warranties of Buyer contained in this Agreement untrue or incorrect or prevent Buyer from performing,
or cause Buyer not to perform, its covenants hereunder. Buyer shall not, nor shall it authorize or permit any of its Subsidiaries to, directly or indirectly, (i) solicit or initiate (including by way of furnishing nonpublic information) or take
other action, either directly or indirectly, to, or which could reasonably be expected to, any inquires or the making of any proposal or offer in connection with an Acquisition Proposal or potential Acquisition Proposal from or with any person,
entity or group that is a direct competitor of Graduate without providing notice to Graduate, or (ii) enter into, continue or otherwise engage in any discussions or negotiations relating thereto or in furtherance thereof, or otherwise cooperate
in any way with, any Acquisition Proposal with a direct competitor of Graduate without providing notice to Graduate. 
 5.3. Negotiation With Others.

 (a) Graduate shall not, nor shall it authorize or permit any of its Subsidiaries , nor shall it authorize or permit another person to,
directly or indirectly, (i) solicit or initiate (including by way of furnishing nonpublic information) or take other action, either directly or indirectly, to, or which could reasonably be expected to, encourage the making of any proposal or
offer in connection with an Acquisition Proposal or potential Acquisition Proposal from any person, entity or group (other than Buyer and its affiliates, agents and representatives), or (ii) enter into, continue or otherwise engage in any
discussions or negotiations relating thereto or in furtherance thereof, or otherwise cooperate in any way with, any Acquisition Proposal. For purposes of this Agreement, “Acquisition Proposal” means any inquiry, proposal or offer
from any person relating to, or that could reasonably be expected to lead to, (w) any merger, consolidation, business combination, recapitalization, liquidation, dissolution, joint venture, binding share exchange or similar transaction
involving 

  

 -24- 

 
Graduate or any Subsidiaries of Graduate pursuant to which any person or the shareholders of any person would own 1% or more of any class of equity
securities of Graduate or any of its Subsidiaries or of any resulting parent company of Graduate, (x) any direct or indirect acquisition or purchase, in one transaction or a series of transactions, of assets or businesses that constitute 1% or
more of the revenues, net income or the assets of Graduate and its Subsidiaries, taken as a whole, (y) any direct or indirect acquisition or purchase, in one transaction or a series of transactions, 1% or more of the outstanding shares of
capital stock of Graduate (including without limitation by way of a tender offer or an exchange offer) or similar transactions involving Graduate or any Subsidiaries of Graduate, or (z) any public announcement of a proposal, plan or intention
to do any of the foregoing or any agreement to engage in any of the foregoing. 
 (b) Notwithstanding Section 5.3(a), at any time prior
to obtaining the Shareholder Approval, if the Graduate receives an Acquisition Proposal, it shall immediately advise Buyer of such event occurring. 
 (c) Neither the Board of Directors of Graduate nor any committee thereof shall (i) (A) withdraw (or modify in a manner adverse to Buyer), or publicly propose to withdraw (or modify in a manner adverse to Buyer), the approval,
recommendation or declaration of advisability by such Board of Directors or any such committee thereof of this Agreement, the Merger or the other transactions referenced in this Agreement or (B) recommend, adopt or approve, or propose publicly
to recommend, adopt or approve, any Acquisition Proposal other than from Buyer or (ii) approve or recommend, or propose to approve or recommend, or allow Graduate or any of its Subsidiaries to execute or enter into, any letter of intent,
memorandum of understanding, agreement in principle, merger agreement, acquisition agreement, option agreement, joint venture agreement, partnership agreement or other similar agreement constituting or related to, or that is intended to or would
reasonably be expected to lead to, any Acquisition Proposal, other than with Buyer. 
 (d) Graduate shall be entitled to provide copies of
this Section 5.3 to persons who, on an unsolicited basis after the date of this Agreement, contact Graduate regarding an Acquisition Proposal, provided that Buyer shall concurrently be notified of such contact and delivery of such copy.

 (e) Graduate shall, and shall cause its Subsidiaries to, immediately cease and cause to be terminated any existing activities, discussions
or negotiations with any persons (other than Buyer) conducted prior to the date of this Agreement with respect to any of the foregoing and request the prompt return or destruction of all confidential information previously furnished. 
 5.4. Filings. 
 (a) At Buyer’s expense, Graduate
shall translate the Merger Agreement into Chinese. As promptly as practicable after the date of this Agreement, Buyer and Graduate each shall provide the other reasonable assistance in making any filings required under Applicable Law relating to the
transactions referenced in this Agreement (the “Filings”). Each Company will notify the other Company promptly of the receipt of any comments from the competent authority and its staff and of any request by the competent authority
or its staff or any other government officials for amendments or supplements to any Filing or for additional information and will supply the other Company with copies of all correspondence between such Company or any of its representatives, on the
one hand, and the FSC, or its staff or any other government officials, on the other hand, with respect to the Merger Agreement, the Offer, the Merger or any Filing. The Filings shall comply in all material respects with Applicable Law. Whenever any
event occurs which is required to be set forth in an amendment or supplement any Filing, Buyer or Graduate, as the case may be, shall promptly inform the other of such occurrence and cooperate in filing with the FSC or its staff or any other
government officials, and/or mailing, if needed, to shareholders of Graduate, such amendment or supplement. 

  

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No such amendment or supplement will be made by either party without prior consultation with the other party, unless such consultation is impracticable.

 (b) The shareholders’ meeting notice and agenda attached thereto to be sent by Graduate to its shareholders to approve the Merger
shall include the recommendations of the Board of Directors of Graduate in favor of the Merger. 
 5.5. Notice of Filings. Each party shall promptly
provide the other (or its counsel) copies of all filings made by such party with any Governmental Entity in connection with this Agreement and the transactions referenced in this Agreement. 
 5.6. Shareholders Meeting. Graduate shall establish a record date for, duly call, give notice of, convene and hold a meeting of its shareholders to be held as
promptly as practicable after the successful completion of the Offer (and in any event, to the extent permissible under applicable law, within 50 days after the successful completion of the Offer) for the purpose of obtaining the Shareholder
Approval and to elect members of the board of directors and supervisors. 
 5.7. Agreements to Take Reasonable Action. Subject to the respective
rights and obligations of Buyer and Graduate under this Agreement, each of the parties to this Agreement will use its reasonable efforts to effect the transactions referenced in this Agreement and to fulfill and cause to be fulfilled the conditions
to closing under this Agreement; provided that neither Buyer nor Graduate nor any Subsidiary or affiliate thereof will be required to agree to any divestiture by itself or any of its affiliates of shares of capital stock or of any business, assets
or property, or the imposition of any material limitation on the ability of any of them to conduct their businesses or to own or exercise control of such assets, properties and stock. Subject to the foregoing, and to the extent permitted by law or
any applicable fiduciary duty, each party hereto, at the reasonable request of another party hereto, will execute and deliver such other instruments and do and perform such other acts and things as may be necessary or desirable for effecting
completely the consummation of the transactions referenced in this Agreement. Nothing in this Agreement shall be construed to impose any obligation on either Company to cause any shareholder of Graduate to vote its Graduate Common Stock in any
manner at any shareholder meeting; and 
 (b) The parties will consult and cooperate with one another, and consider in good faith the views
of one another, in connection with any analyses, appearances, presentations, memoranda, briefs, arguments, opinions and proposals made or submitted by or on behalf of any party hereto in connection with proceedings under or relating to all antitrust
or similar filings. 
 5.8. Consents. Buyer and Graduate shall each use all reasonable efforts to obtain the consent and approval of, or effect the
notification of or filing with, each person or authority whose consent or approval is required in order to permit it to proceed with the consummation of the transactions referenced in this Agreement and to enable the Surviving Corporation to conduct
and operate the business of Graduate and its Subsidiaries substantially as currently conducted and as contemplated to be conducted. 
 5.9. Public
Announcements. Buyer and Graduate shall consult with each other before issuing any press release or otherwise making any public statements with respect to the transactions referenced in this Agreement, and shall not issue any such press release
or make any such public statement prior to such consultation except as may be required by law or the relevant stock exchange. Within 10 business days after the date of this Agreement, but no sooner than when the Offer is first publicized, Graduate
will issue a press release in English disclosing that Graduate either (i) recommends acceptance or rejection of the Offer or (ii) expresses no opinion and is remaining neutral toward the Offer, and in either case including a statement of
reasons for the position disclosed. 
  

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 5.10. Graduate Options. 
 (a) It is acknowledged by the Companies that the outstanding options to purchase shares of Graduate Common Stock (each, a “Graduate Stock Option”) have been granted to employees of Graduate and its
subsidiaries under two separate stock option programs. Specifically, the Graduate Stock Options were granted under a program launched in 2004 (the “2004 Stock Option Program”) and a program launched in 2006 (the “2006 Stock
Option Program”). At the Merger Effective Date, no portion of the Graduate Stock Options granted under the 2006 Stock Option Program will be vested, and fifty percent (50%) of the Graduate Stock Options granted under the 2004 Stock
Option Program will be vested. The terms of the 2006 Graduate Stock Option Program provide for automatic cancellation of all unvested Graduate Stock Options at the time of a merger or acquisition. 
 (b) Buyer and Graduate agree that at the Merger Effective Date: 
 (1) each Graduate Stock Option under the 2004 Stock Option Program that is outstanding and unvested immediately prior to the Merger Effective Date shall become fully vested; 
 (2) each Graduate Stock Option under the 2004 Stock Option Program that is outstanding and vested (after application of the vesting acceleration described in subsection (b)(1) above) and unexercised at the Merger
Effective Date shall thereafter no longer be exercisable but shall entitle the holder of such Graduate Stock Option, in termination and settlement of such Graduate Stock Option of such holder, to receive an amount in cash from the Surviving
Corporation equal to (A) the Merger Consideration times the total number of shares of Graduate Common Stock subject to such Graduate Stock Option immediately prior to the Merger Effective Date minus (B) the exercise price for such Option;
provided, however, that the cash amounts attributable to options that had vesting accelerated as described in subsection (b)(i) above shall be paid over time on the dates that the related Graduate Stock Option (or applicable portion thereof) would
have otherwise have vested, and only if such employee remains employed by the Buyer on such dates, unless Buyer elects to make such payments sooner; and 
 (3) each Graduate Stock Option under the 2006 Stock Option Program that is outstanding and unvested at the Merger Effective Date shall be cancelled; provided, however, that, subject to the applicable required approval of the proper
committee of the Board of Directors of Jabil Circuit, Inc., the ultimate parent corporation of the Buyer (“Parent”), Parent shall grant to the holder of each Graduate Stock Option that is disclosed pursuant to Section 3.3 and
that is cancelled pursuant to this Section 5.10(b)(2) (each a “Cancelled Graduate Option”), a stock appreciation right (a “Parent SAR”). Such Parent SAR shall relate to a number of whole shares of Parent Common
Stock calculated as follows: 
 x divided by y, where x equals the product of the number of shares of
Graduate Common Stock subject to the Cancelled Graduate Option times the difference between NT$109 minus the exercise price of the Cancelled Graduate Option, and y equals the closing sales price of a share of Parent Common Stock as quoted on
the New York Stock Exchange on the last market trading day prior to the Merger Effective Date calculated in Taiwanese dollars based on foreign exchange rates in effect on the date of such calculation. 
 For example, if the closing sales price of a share of Parent Common Stock on the last market trading day prior to the Merger Effective Date is NT$1000,
the holder of a Cancelled Graduate Option to purchase 5,000 shares of Graduate Common Stock at an exercise price of NT$79 per share would receive a Parent SAR covering 150 shares of Parent Common Stock ((5,000 shares X (NT$109 – NT$79))
÷ NT$1000) = 150 shares). 
  

 -27- 

 Subject to such vesting provisions and other terms and conditions and requirements as Parent shall determine as
appropriate or necessary under the terms of the applicable Parent stock incentive plan and applicable law, the Parent SAR shall entitle the recipient of the Parent SAR upon exercise of all or a specified portion of the Parent SAR to receive shares
of Parent Common Stock with an aggregate fair market value on the date of exercise equal to the amount determined by 
 multiplying
(A) the amount (if any) by which the closing sales price of a share of Parent Common Stock as quoted on the New York Stock Exchange on the last market trading day prior to the date of exercise of the Parent SAR exceeds the closing sales price
of a share of Parent Common Stock as quoted on the New York Stock Exchange on the last market trading day prior to the date the Parent SAR is granted calculated in Taiwanese dollars based on foreign exchange rates in effect on the date of such
calculation, by (B) the number of shares of Parent Common Stock with respect to which the Parent SAR shall have been exercised. 
 Using the above
example, if the closing sales price of a share of Parent Common Stock is NT$1,200 on the last market trading day prior to the date the recipient of the Parent SAR exercises the entire Parent SAR, the amount of appreciation in value of the shares of
Parent Common Stock covered by the Parent SAR would be NT$30,000 ((150 shares X (NT$1,200 – NT$1,000)) = NT$30,000), and the Parent SAR recipient would be entitled to receive 25 shares of Parent Common Stock upon exercise of the entire Parent
SAR (NT$30,000 ÷ NT$1,200 = 25 shares). 
 5.11. Notification of Certain Matters. Graduate shall give prompt notice to Buyer, and Buyer shall
give prompt notice to Graduate, of the occurrence, or failure to occur, of any event, which occurrence or failure to occur would be likely to cause (a) any representation or warranty contained in this Agreement to be untrue or inaccurate in any
material respect at any time from the date of this Agreement to the Merger Effective Date, or (b) any material failure of Graduate or Buyer, as the case may be, or of any officer, board director, employee or agent thereof, to comply with or
satisfy any covenant, condition or agreement to be complied with or satisfied by it under this Agreement. Notwithstanding the above, except as provided for in Section 7.2 below, the delivery of any notice pursuant to this Section 5.11
shall not limit or otherwise affect the remedies available hereunder to the party receiving such notice. 
 ARTICLE 6 
 CONDITIONS PRECEDENT 
 6.1. Conditions to Each
Party’s Obligation to Effect the Merger. The respective obligation of each party to effect the Merger is subject to the satisfaction at or prior to the Merger Effective Date of the following conditions: 
 (a) Shareholder Approval. The Shareholder Approval shall have been obtained. 
 (b) No Order. No temporary restraining order, preliminary or permanent injunction or other order issued by any court of competent jurisdiction or
other legal restraint or prohibition preventing the consummation of the Merger shall be in effect, nor shall any proceeding brought by a Governmental Entity seeking any of the foregoing be pending; and there shall not be any action taken, or any
statute, rule, regulation or order (whether temporary, preliminary or permanent) enacted, entered or enforced that makes the consummation of the Merger illegal or prevents or prohibits the Merger. 
 (c) Government Approvals. All approvals, permits, filings and consents required by Applicable Law have been duly made and received and remain in
full force and effect. All waiting 

  

 -28- 

 
periods under the Taiwan Fair Trade Act, and related Anti-trust laws of PRC relating to the transactions referenced in this Agreement shall have expired or
been terminated 
 6.2. Conditions of Obligations of Buyer. The obligations of Buyer to effect the Merger are subject to the satisfaction of the
following conditions, unless waived in writing by Buyer: 
 (a) Representations and Warranties. The representations and warranties of
Graduate set forth in this Agreement that are qualified as to materiality shall be true and correct, and the representations and warranties of Graduate set forth in this Agreement that are not so qualified shall be true and correct in all material
respects, in each case as of the date of this Agreement and as of the Merger Effective Date as through made on and as of the Merger Effective Date (provided that any such representation and warranty made as of a specific date shall be true and
correct as of such specific date), and Buyer shall have received a certificate signed by the chairman of the board of directors and the general manager of Graduate to such effect. 
 (b) Performance of Obligations of Graduate. Graduate shall have performed in all material respects all obligations and covenants required to be
performed by it under this Agreement prior to or as of the Merger Effective Date, and Buyer shall have received a certificate signed by the chairman of the board of directors and the general manager of Graduate to such effect. 
 (c) Consents. Buyer shall have received duly executed copies of such third party consents and approval as it determines within its sole discretion
appropriate. 
 (d) No Material Adverse Effect. No change, event, condition, circumstance, occurrence, effect, state of facts or
development shall have occurred that would reasonably be expected to have a Material Adverse Effect on Graduate or any of its Subsidiaries. 
 6.3.
Conditions of Obligation of Graduate. The obligation of Graduate to effect the Merger is subject to the satisfaction of the following conditions, unless waived in writing by Graduate: 
 (a) Representations and Warranties. The representations and warranties of Buyer set forth in this Agreement that are qualified as to materiality
shall be true and correct, and the representations and warranties of Buyer set forth in this Agreement that are not so qualified shall be true and correct in all material respects, in each case as of the date of this Agreement and as of the Merger
Effective Date as through made on and as of the Merger Effective Date (provided that any such representation and warranty made as of a specific date shall be true and correct as of such specific date), and Graduate shall have received a certificate
signed by the chief executive officer and the chief financial officer of the Buyer to such effect. 
 (b) Performance of Obligations of
Buyer. Buyer shall have performed in all material respects all obligations and covenants required to be performed by it under this Agreement prior to or as of the Merger Effective Date, and Graduate shall have received a certificate signed by
the chief executive officer and the chief financial officer of Buyer to such effect. 
 (c) Consents. Graduate shall have received
duly executed copies of all material third-party consents and approvals contemplated by this Agreement in form and substance satisfactory to Graduate. 
  

 -29- 

 ARTICLE 7 
 TERMINATION 
 7.1. Termination. This Agreement may be terminated at any time prior to the Merger Effective
Date, whether before or after the Shareholder Approval: 
 (a) by mutual written consent of the Companies pursuant to due authorization
(i) by the Boards of Directors of Buyer and Graduate if Shareholder Approval of the Merger has not yet been obtained, or (b) by the shareholders of Buyer and Graduate if Shareholder Approval of the Merger has been obtained; 
 (b) by either Graduate if the filing for the Offer shall not have been made with the FSC and publicized by November 27, 2006, or the tender period
shall not have commenced by December 4, 2006; 
 (c) By either Graduate or Buyer if the Offer has not been successfully completed by
March 2, 2007 with the Buyer having obtained at least a majority of the outstanding shares of Graduate Common Stock; 
 (d) By either
Graduate or Buyer if the closing of the Merger shall not have occurred by July 15, 2007; 
 (e) by either Buyer or Graduate if a court
of competent jurisdiction or other Governmental Entity shall have issued an order, decree or ruling or taken any other action, in any case having the effect of permanently restraining, enjoining or otherwise prohibiting the Merger, and such order,
decree, ruling or other action is final and nonappealable; 
 (f) by either Buyer or Graduate if, at a duly held meeting of the shareholders
of Graduate or any adjournment thereof at which the Shareholder Approval is voted upon, the Shareholder Approval shall not have been obtained; 
 (g) by Graduate, upon a breach of any representation, warranty, covenant or agreement on the part of Buyer set forth in this Agreement, or if any representation or warranty of Buyer shall have become untrue, in either case such that the
conditions set forth in Section 6.3(a) or Section 6.3(b) would not be satisfied as of the time of such breach or as of the time such representation or warranty shall have become untrue, provided that if such inaccuracy in
Buyer’s representations and warranties or breach by Buyer is curable through the exercise of its reasonable efforts then Buyer shall have ten (10) days from notice of Graduate’s intent to terminate under this Section 7.1(g) to
cure such breach, and thereafter, if such breach is not cured, this Agreement shall terminate; or 
 (h) by Buyer, upon a breach of any
representation, warranty, covenant or agreement on the part of Graduate set forth in this Agreement, or if any representation or warranty of Graduate shall have become untrue in any material respect. 
 7.2. Notice of Termination; Effect of Termination. Any termination of this Agreement under Section 7.1 above will be effective immediately upon the delivery
of written notice of the terminating party to the other party. In the event of the termination of this Agreement as provided in Section 7.1, this Agreement shall be of no further force or effect, except (i) as set forth in this
Section 7.2, Section 7.3 and Article 8, each of which shall survive the termination of this Agreement, and (ii) nothing herein shall relieve any party from liability for any breach of this Agreement. No termination of this
Agreement shall affect the obligations of the parties contained 

  

 -30- 

 
in the Confidentiality Agreement, which obligations shall continue as set forth in the Confidentiality Agreement; provided, however, that if (i) this
Agreement is terminated by Buyer pursuant to Section 7.1(h) above as a result of a breach of a representation, warranty, covenant or other obligation of Graduate herein, or (ii) Buyer chooses not to consummate the Merger within a
reasonable time after it otherwise is able to do so under this Agreement and Applicable Law, then: (a) if Buyer is notified of such breach by Graduate prior to the successful completion of the Offer and such breach is due to a willful act of
Graduate or any of its Subsidiaries, directly or indirectly, after the date of this Agreement, then Graduate’s liability to Buyer hereunder shall in no event exceed NT$300 million and (b) if Buyer is notified of any such breach by Graduate
on or after the successful completion of the Offer, then Graduate’s total liability to Buyer hereunder shall be limited to a maximum amount of NT$2.4 billion; provided that, in the absence of a willful act, Buyer shall have no right to claim
any damages against Graduate hereunder as a result of such breach. In determining Graduate’s damages liability, if any, the threshold amount of Material Adverse Effect (i.e., $300 million) shall first be deducted so that Graduate shall only
have liability to compensate Buyer for damages in excess of the threshold amount, it being understood that such threshold amount shall not be construed to reduce the maximum liability amounts referred to in this Section 7.2. 
 7.3. Fees and Expenses. 
 (a) General. Except
as set forth in this Section 7.3, all fees and expenses incurred in connection with this Agreement and the transactions referenced in this Agreement shall be paid by the party incurring such expenses, whether or not the Merger is consummated.

 ARTICLE 8 
 GENERAL
PROVISIONS 
 8.1. Amendment. This Agreement may be amended prior to the Merger Effective Date by the parties, by action taken by their respective
Boards of Directors, at any time before or after Shareholder Approval but, after any such approval, no amendment shall be made which by law requires further approval by such shareholders. This Agreement may not be amended except by an instrument in
writing signed on behalf of each of the parties. 
 8.2. Extension; Waiver. At any time prior to the Merger Effective Date, the parties, by action
taken by their respective Boards of Directors, may (i) extend the time for the performance of any of the obligations or other acts of the other parties, (ii) waive any inaccuracies in the representations and warranties contained in this
Agreement or in any document delivered pursuant to this Agreement and (iii) waive compliance with any of the agreements or conditions contained in this Agreement. Any agreement on the part of a party to any such extension or waiver shall be
valid only if set forth in an instrument in writing signed on behalf of such party. 
 8.3. Nonsurvival of Representations, Warranties, Covenants and
Agreements. All representations, warranties, covenants and agreements in this Agreement or in any instrument delivered pursuant to this Agreement shall expire on, and be terminated and extinguished at, the Merger Effective Date, other than
covenants and agreements that by their terms are to be performed after the Merger Effective Date, each of which shall survive the Merger. 
 8.4. Entire
Agreement. This Agreement (and the exhibits hereto), the Confidentiality Agreement and the other documents referenced herein contain the entire agreement between the parties with respect to the subject matter hereof and supersede all prior
arrangements and understandings, both written and oral, with respect thereto. 
  

 -31- 

 8.5. Severability. It is the desire and intent of the parties that the provisions of this Agreement be enforced to
the fullest extent permissible under the law and public policies applied in each jurisdiction in which enforcement is sought. Accordingly, in the event that any provision of this Agreement would be held in any jurisdiction to be invalid, prohibited
or unenforceable for any reason, such provision, as to such jurisdiction, shall be ineffective, without invalidating the remaining provisions of his Agreement or affecting the validity or enforceability of such provision in any other jurisdiction.
Notwithstanding the foregoing, if such provision could be more narrowly drawn so as not to be invalid, prohibited or unenforceable in such jurisdiction, it shall, as to such jurisdiction, be so narrowly drawn, without invalidating the remaining
provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction. 
 8.6. Notices. All notices,
requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed to have been duly given upon receipt) by delivery in person, by facsimile or by registered or certified mail (postage prepaid,
return receipt requested) to the respective parties at the following addresses (or at such other address for a party as shall be specified by like notice): 
  

	 	(a)	if to Buyer, to: 

 Jabil Circuit (Taiwan) Limited

 c/o Jabil Circuit, Inc. 
 10560
Dr. Martin Luther King, Jr. Street North 
 St. Petersburg, Florida 33716-3718 
 Attention: General Counsel 
 Facsimile:
(727) 579-8929 
 with a copy to: 
 Holland & Knight LLP 
 100 North Tampa Street, Suite 4100 
 Tampa, Florida 33602 
 Attention: Chester E.
Bacheller, Esq. 
 Facsimile: (813) 229-0134 
  

	 	(b)	if to Graduate, to: 

 Taiwan Green Point Enterprises
Co., Ltd. 
 No.256, Shen Lin Rd., Sec.1, Ta Ya Hsiang 
 Taichung Hsien, Taiwan, R.O.C.Attention: H. H. ChiangFacsimile: +886-4-2567-1672 
 with a copy to:

 Lee and Li, Attorneys-at-Law 
 9th Fl., Tun Hwa N. Rd. 
 Taipei, Taiwan, R.O.C. 
 Attention: Juce Fan, Esq. 
 Facsimile: +(886)
2-2713-3966 
 8.7. Headings. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement. 
 8.8. Counterparts. This Agreement may be executed in one or more counterparts, all of which shall be considered
one and the same agreement and shall become effective when one or more 

  

 -32- 

 
counterparts have been signed by each of the parties and delivered to the other parties, it being understood that all parties need not sign the same
counterpart. 
 8.9. Benefits; Assignment. This Agreement is not intended to confer upon any person other than the parties any rights or remedies
hereunder. Neither this Agreement nor any of the rights, interests or obligations of any party hereunder shall be assigned by any of the parties hereto (whether by operation of law or otherwise) without the prior written consent of the other party,
except that Buyer may assign their rights and delegate their obligations hereunder to their affiliates with the consent of Graduate, which such consent shall not be unreasonably withheld and as long as they remain ultimately liable for all of their
obligations hereunder. Any purported assignment without required consent shall be void. Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of and be enforceable by the parties and their respective successors
and permitted assigns. This Agreement is not intended to confer upon any person other than the parties hereto any rights or remedies hereunder. 
 8.10.
Other Remedies; Specific Performance. Except as otherwise provided herein, any and all remedies herein expressly conferred upon a party will be deemed cumulative with and not exclusive of any other remedy conferred hereby, or by law or equity
upon such party, and the exercise by a party of any one remedy will not preclude the exercise of any other remedy. The parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in
accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions
hereof in a court of Taiwan, this being in addition to any other remedy to which they are entitled at law or in equity. In addition, each of the parties hereto (i) irrevocably submits itself to the personal jurisdiction of the courts of Taiwan
in the event any dispute arises out of this Agreement or any of the transactions referenced in this Agreement, (ii) agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such
court, (iii) agrees that it will not bring any action relating to this Agreement or any of the transactions referenced in this Agreement in any court other than the courts of Taiwan. 
 8.11. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of Taiwan, regardless of the laws that might otherwise govern
under applicable principles of conflicts of law thereof; provided that issues involving the corporate governance of any of the parties shall be governed by their respective jurisdictions of incorporation. 
 8.12. Rules of Construction. The parties agree that they have been represented by counsel during the negotiation and execution of this Agreement and, therefore,
waive the application of any law, regulation, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or document. 
 8.13. No Consequential Damages. 
 Notwithstanding
anything contrary herein, neither party shall be liable for any consequential damages in connection with any breach under this Agreement. 
 8.14
Translations. 
 Any foreign translations of this Agreement are non-binding and shall be for reference only. 
  

 -33- 

 8.15 Definitions. 
 All capitalized terms not otherwise defined in this Agreement shall have the same meaning assigned to them in Exhibit B attached hereto. 
  

 -34- 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

  

					
	JABIL CIRCUIT (TAIWAN) LIMITED	  	
			
	By:	 	 /s/ Donald J. Myers
	  	
	Name:	 	Donald J. Myers	  	
	Title:	 	Vice President Corporate Development	  	
		
	TAIWAN GREEN POINT ENTERPRISES CO., LTD.	  	
			
	By:	 	 /s/ Y. J. Lee
	  	
	Name:	 	 Y. J. Lee
	  	
	Title:	 	 Chairman of the Board
	  	

  

 -35- 

 Exhibit A 
 Articles of Incorporation of the Surviving Corporation, as amended due to the Merger 
  

 -36- 

 Exhibit B 
 Glossary of Defined Terms 
 “Applicable Law” means, with respect to any Person, any
national, regional, local or foreign statute, law, ordinance, rule, administrative interpretation, regulation, order, writ, injunction, directive, judgment, decree or other requirement of any Governmental Entity applicable to such Person or any of
its affiliates or any of their respective properties, assets, officers, board directors, employees, consultants or agents. 
 “Environmental, Health, and Safety Requirements” shall mean, as amended and as now and hereafter in effect, all applicable federal, state, local, and foreign statutes, regulations, ordinances, and other provisions having
the force or effect of law, all judicial and administrative orders and determinations, all contractual obligations, and all common law concerning public health and safety, worker health and safety, pollution, or protection of the environment,
including, without limitation, all those relating to the presence, use, production, generation, handling, transportation, treatment, storage, disposal, distribution, labeling, testing, processing, discharge, release, threatened release, control, or
cleanup of any Hazardous Materials, substances, or wastes, chemical substances or mixtures, pesticides, pollutants, contaminants, toxic chemicals, petroleum products or byproducts, asbestos, polychlorinated biphenyls, noise, or radiation.

 “Hazardous Materials” shall mean (a) any product, substance, chemical, element, compound, mixture, solution,
material, or waste whose presence, nature, quantity and/or intensity of existence, use, manufacture, processing, treatment, storage, disposal, transportation, spill, release or effect, either by itself or in combination with other materials
associated with either Graduate’s or any of its Subsidiaries’ businesses, is prohibited, limited, regulated, monitored, or subject to reporting by any Environmental, Health, and Safety Requirement; (b) those substances within the
definition of “hazardous substances,” “hazardous materials,” “hazardous waste,” “extremely hazardous substances,” “hazardous chemicals,” “toxic chemicals,” “hazardous air
pollutants,” “toxic substances,” “oil and hazardous substances,” “toxic mixtures” or words of similar import contained in Environmental, Health, and Safety Requirement, and in the regulations that are applicable to
a company or an entity having business in the Taiwan, China, or Malaysia, all as amended from time to time; and (c) any material, waste or substance which comprises, in whole or in part, includes, or is a by-product of: (i) petroleum
(including crude oil or any fraction thereof which is not specifically listed or designated as a hazardous substances, and natural gas liquids, liquefied natural gas, or synthetic gas usable for fuel), (ii) asbestos, (iii) polychlorinated
biphenyls, (iv) flammables or explosives, or (v) radioactive materials. 
 “Intellectual Property” means all of
the following in any jurisdiction throughout the world (a) all inventions (whether patentable or unpatentable and whether or not reduced to practice), all improvements thereto, and all patents, patent applications, and patent disclosures,
together with all reissuances, continuations, continuations-in-part, revisions, extensions, and reexaminations thereof, (b) all trademarks, service marks, trade dress, logos, slogans, trade names, Internet domain names and rights in telephone
numbers, together with all translations, adaptations, derivations, and combinations thereof and including all goodwill associated therewith, and all applications, registrations, and renewals in connection therewith, (c) all copyrightable works,
all copyrights, and all applications, registrations, and renewals in connection therewith, (d) all mask works and all applications, registrations, and renewals in connection therewith, (e) all trade secrets and confidential business
information (including ideas, research and development, know-how, formulas, compositions, manufacturing and production processes and techniques, technical data, designs, drawings, specifications, customer and supplier lists, pricing and cost
information, and business and marketing plans and proposals), (f) all computer software (including source code, executable code, 

  

 -37- 

 
data, databases and related documentation), (g) all advertising and promotional materials, (h) all other proprietary rights, and (i) all
copies and tangible embodiments thereof (in whatever form or medium). 
 “Ordinary Course of Business” means the Ordinary
Course of Business consistent with past custom and practice (including with respect to quantity and frequency). 
 “Person”
means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization, any other business entity, or a governmental entity (or any department,
agency, or political subdivision thereof). 
 “Subsidiary” means, with respect to any Person, any corporation, limited
liability company, partnership, association, or other business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election
of board directors, managers, or trustees thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof or (ii) if a limited liability
company, partnership, association, or other business entity (other than a corporation), a majority of the partnership or other similar ownership interests thereof is at the time owned or controlled, directly or indirectly, by that Person or one or
more Subsidiaries of that Person or a combination thereof and for this purpose, a Person or Persons own a majority ownership interest in such a business entity (other than a corporation) if such Person or Persons shall be allocated a majority of
such business entity’s gains or losses or shall be or control any managing director or general partner of such business entity (other than a corporation). The term “Subsidiary” shall include all Subsidiaries of such Subsidiary and as
well as Gaudlitz Green Point Precision Technology (Wuxi) Co., Ltd. and Green Point Precision Components Co., Ltd. 
  

 -38-Bridgeb Credit Agreement

 EXHIBIT 10.26 
 BRIDGE CREDIT AGREEMENT 
 Dated as of December 21, 2006 
 JABIL CIRCUIT, INC., a Delaware corporation (the “Borrower”), the banks, financial institutions and other institutional lenders (the
“Initial Lenders”) listed on Schedule I hereto, JPMORGAN CHASE BANK, N.A., as syndication agent, THE ROYAL BANK OF SCOTLAND PLC, ABN AMRO BANK N.V. and SUNTRUST BANK, as documentation agents, and CITICORP NORTH AMERICA, INC.
(“CNAI”), as administrative agent (the “Agent”) for the Lenders (as hereinafter defined), agree as follows: 
 ARTICLE I 
 DEFINITIONS AND ACCOUNTING TERMS 
 SECTION 1.01. Certain Defined Terms. As used in this Agreement, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms
defined): 
 “Advance” means an advance by a Lender to the Borrower as part of a Borrowing and refers to a
Base Rate Advance or a Eurodollar Rate Advance (each of which shall be a “Type” of Advance). 
 “Affiliate” means, as to any Person, any other Person that, directly or indirectly, controls, is controlled by or is under common control with such Person or is a director or officer of such Person. For purposes of this
definition, the term “control” (including the terms “controlling”, “controlled by” and “under common control with”) of a Person means the possession, direct or indirect, of the power to direct or cause the
direction of the management and policies of such Person, whether through the ownership of Voting Stock, by contract or otherwise. 
 “Agent’s Account” means the account of the Agent maintained by the Agent at Citibank at its office at Two Penns Way, New Castle, Delaware 19720, Account No. 36852248, Attention: Bank Loan Syndications or such
other account of the Agent as is designated in writing from time to time by the Agent to the Borrower and the Lenders for such purpose. 
 “Applicable Lending Office” means, with respect to each Lender, such Lender’s Domestic Lending Office in the case of a Base Rate Advance and such Lender’s Eurodollar Lending Office in the
case of a Eurodollar Rate Advance. 
 “Applicable Margin” means as of any date, a percentage per annum
determined by reference to the Public Debt Rating in effect on such date as set forth below, provided that the Applicable Margin shall be increased on any date of determination (a) if on such date the Borrower’s Form 10-K for the period
ended August 31, 2006 has been filed with the Securities and Exchange Commission, by 0.25% per annum on and after the date that is 180 days after the Effective Date and by an additional 0.25% per annum on and after the date that is
270 days after the Effective Date and (b) if on such date of determination the Borrower’s Form 10-K for the period ended August 31, 2006 has not been filed with the Securities and Exchange Commission, by 0.25% per annum on and
after December 31, 2006 and by an additional 0.25% on and after March 1, 2007: 

							
	 Public Debt Rating
 S&P/Moody’s
	  	 Applicable Margin for
 Base Rate Advances
	 	 	 Applicable Margin for
 Eurodollar Rate Advances
	 
	 Level 1
 BBB or Baa2 or above
	  	0.00	%	 	0.550	%
	 Level 2
 BBB- or Baa3
	  	0.00	%	 	0.625	%
	 Level 3
 BB+ and Baa3 or BBB- and Ba1
	  	0.00	%	 	0.750	%
	 Level 4
 BB+ or Ba1
	  	0.00	%	 	0.875	%
	 Level 5
 BB or Ba2
	  	0.25	%	 	1.250	%
	 Level 6
 Lower than Level 5
	  	0.75	%	 	1.750	%

 “Applicable Percentage” means, as of any date a percentage per
annum determined by reference to the Public Debt Rating in effect on such date as set forth below: 
  

				
	 Public Debt Rating
 S&P/Moody’s
	  	 Applicable
 Percentage
	 
	 Level 1
 BBB or Baa2 or above
	  	0.100	%
	 Level 2
 BBB- or Baa3
	  	0.125	%
	 Level 3
 BB+ and Baa3 or BBB- and Ba1
	  	0.150	%
	 Level 4
 BB+ or Ba1
	  	0.175	%
	 Level 5
 BB or Ba2
	  	0.250	%
	 Level 6
 Lower than Level 5
	  	0.500	%

 “Assignment and Acceptance” means an assignment and acceptance
entered into by a Lender and an Eligible Assignee, and accepted by the Agent, in substantially the form of Exhibit C hereto. 
 “Bankruptcy Law” means any law or proceeding of the type referred to in Section 6.01(e) or Title 11, U.S. Code, or any similar foreign, federal, state or provincial law for the relief of debtors. 
 “Base Rate” means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all
times be equal to the higher of: 
 (a) the rate of interest announced publicly by Citibank in New York, New York,
from time to time, as Citibank’s base rate; and 
 (b)  1/2 of one percent per annum above the Federal Funds Rate. 
 “Base Rate Advance” means an Advance that bears interest as provided in Section 2.06(a)(i). 
 “Borrower Information” has the meaning specified in Section 8.08. 
  

 2 

 “Borrowing” means a borrowing consisting of simultaneous Advances of the
same Type made by each of the Lenders pursuant to Section 2.01(a). 
 “Borrowing Minimum” means
$5,000,000. 
 “Borrowing Multiple” means $1,000,000. 
 “Business Day” means a day of the year on which banks are not required or authorized by law to close in New York
City and, if the applicable Business Day relates to any Eurodollar Rate Advances, on which dealings are carried on in the London interbank market and banks are open for business in London. 
 “Citibank” means Citibank, N.A. 
 “Commitment” means as to any Lender (a) the amount set forth opposite such Lender’s name on Schedule I hereto
as such Lender’s “Commitment” or (b) if such Lender has entered into an Assignment and Acceptance, the amount set forth for such Lender in the Register maintained by the Agent pursuant to Section 8.07(d), as such amount may
be reduced pursuant to Section 2.04. 
 “Consolidated” refers to the consolidation of accounts in
accordance with GAAP. 
 “Convert”, “Conversion” and “Converted” each
refers to a conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.07 or 2.08. 
 “Debt” of any Person means, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations of such Person for the deferred purchase price of property or services (other than trade
payables incurred in the ordinary course of such Person’s business and monetary obligations arising under supply or consignment agreements, in each case not overdue by more than 90 days or are being contested in good faith by appropriate
proceedings and for which reasonable reserves are being maintained), (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all obligations of such Person created or arising under any
conditional sale or other title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of
such property), (e) all obligations of such Person as lessee under leases that have been or should be, in accordance with GAAP, recorded as capital leases, (f) all obligations, contingent or otherwise, of such Person in respect of
acceptances, letters of credit, bank guarantees, surety bonds or similar extensions of credit, (g) the Net Mark-to-Market Exposure of such Person in respect of Hedge Agreements, (h) all Invested Amounts, (i) all liability under any
synthetic lease or tax ownership operating lease, (j) all Debt of others referred to in clauses (a) through (i) above or clause (k) below and other payment obligations (collectively, “Guaranteed Debt”) guaranteed
directly or indirectly in any manner by such Person, or in effect guaranteed directly or indirectly by such Person through an agreement (1) to pay or purchase such Guaranteed Debt or to advance or supply funds for the payment or purchase of
such Guaranteed Debt, (2) to purchase, sell or lease (as lessee or lessor) property, or to purchase or sell services, primarily for the purpose of enabling the debtor to make payment of such Guaranteed Debt or to assure the holder of such
Guaranteed Debt against loss, (3) to supply funds to or in any other manner invest in the debtor (including any agreement to pay for property or services irrespective of whether such property is received or such services are rendered) or
(4) otherwise to assure a creditor against loss, and (k) all Debt referred to in clauses (a) through (j) above (including Guaranteed Debt) secured by (or for which the holder of such Debt has an existing right, contingent or
otherwise, to be secured by) any Lien on property (including, without limitation, accounts and contract rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such Debt. 
 “Default” means any Event of Default or any event that would constitute an Event of Default but for the requirement that
notice be given or time elapse or both. 
 “Disclosed Litigation” has the meaning specified in
Section 3.01(b). 
  

 3 

 “Domestic Lending Office” means, with respect to any Lender, the office
of such Lender specified as its “Domestic Lending Office” opposite its name on Schedule I hereto or in the Assignment and Acceptance pursuant to which it became a Lender, or such other office of such Lender as such Lender may from
time to time specify to the Borrower and the Agent. 
 “EBITDA” means, for any period, net income (or net
loss) plus the sum of (a) interest expense, (b) income tax expense, (c) depreciation expense, (d) amortization expense, (e) to the extent included in net income, non-cash, non-recurring charges, (f) to the extent
included in net income, non-cash, recurring charges related to equity compensation and (g) to the extent included in net income, loss on sale of accounts receivable pursuant to any receivables securitization program of the Borrower or any of
its Subsidiaries, in each case determined in accordance with GAAP for such period. 
 “Effective Date” has
the meaning specified in Section 3.01. 
 “Eligible Assignee” means (i) a Lender; (ii) an
Affiliate of a Lender; (iii) any other financial institution approved by the Agent and, unless an Event of Default has occurred and is continuing at the time any assignment is effected in accordance with Section 8.07, the Borrower, such
approvals not to be unreasonably withheld or delayed; and (iv) any other Person approved by the Agent and the Borrower, such approvals not to be unreasonably withheld or delayed; provided, however, that neither the Borrower nor an
Affiliate of the Borrower shall qualify as an Eligible Assignee. 
 “Environmental Action” means (a) any
notice of non-compliance or violation, notice of liability or potential liability, proceeding, consent order or consent agreement by any governmental or regulatory authority with jurisdiction or (b) any litigation, case, suit, demand, demand
letter or claim by any governmental or regulatory authority or any third party relating in any way to any Environmental Law, Environmental Permit or Hazardous Materials, including, without limitation, (x) by any governmental or regulatory
authority for enforcement, cleanup, removal, response, remedial or other actions or damages and (y) by any governmental or regulatory authority or any such third party for damages, contribution, indemnification, cost recovery, compensation or
injunctive relief. 
 “Environmental Law” means any federal, state, local or foreign statute, law, ordinance,
rule, regulation, code, order, judgment, decree or judicial or agency interpretation, policy or guidance relating to pollution or protection of the environment or natural resources, including, without limitation, those relating to the use, handling,
transportation, treatment, storage, disposal, release or discharge of Hazardous Materials, to the extent applicable to the operations of the Borrower or any of its Subsidiaries. 
 “Environmental Permit” means any permit, approval, identification number, license or other authorization required under
any Environmental Law for the operations of the Borrower or any of its Subsidiaries. 
 “ERISA” means the
Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated and rulings issued thereunder. 
 “ERISA Affiliate” means any Person that for purposes of Title IV of ERISA is a member of the Borrower’s controlled group, or under common control with the Borrower, within the meaning of
Section 414 of the Internal Revenue Code. 
 “ERISA Event” means (a) (i) the occurrence of a
reportable event, within the meaning of Section 4043 of ERISA, with respect to any Plan unless the 30-day notice requirement with respect to such event has been waived by the PBGC, or (ii) the requirements of subsection (1) of
Section 4043(b) of ERISA (without regard to subsection (2) of such Section) are met with respect to a contributing sponsor, as defined in Section 4001(a)(13) of ERISA, of a Plan, and an event described in paragraph (9), (10),
(11), (12) or (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect to such Plan within the following 30 days; (b) the application for a minimum funding waiver with respect to a Plan; (c) the
provision by the administrator of any Plan of a notice of intent to terminate such Plan pursuant to 

  

 4 

 
Section 4041(a)(2) of ERISA (including any such notice with respect to a plan amendment referred to in Section 4041(e) of ERISA); (d) the
cessation of operations at a facility of the Borrower or any ERISA Affiliate in the circumstances described in Section 4062(e) of ERISA; (e) the withdrawal by the Borrower or any ERISA Affiliate from a Multiple Employer Plan during a plan
year for which it was a substantial employer, as defined in Section 4001(a)(2) of ERISA; (f) the conditions for the imposition of a lien under Section 302(f) of ERISA shall have been met with respect to any Plan; (g) the adoption
of an amendment to a Plan requiring the provision of security to such Plan pursuant to Section 307 of ERISA; or (h) the institution by the PBGC of proceedings to terminate a Plan pursuant to Section 4042 of ERISA, or the occurrence of
any event or condition described in Section 4042 of ERISA that constitutes grounds for the termination of, or the appointment of a trustee to administer, a Plan. 
 “Eurodollar Lending Office” means, with respect to any Lender, the office of such Lender specified as its
“Eurodollar Lending Office” opposite its name on Schedule I hereto or in the Assignment and Acceptance pursuant to which it became a Lender (or, if no such office is specified, its Domestic Lending Office), or such other office of
such Lender as such Lender may from time to time specify to the Borrower and the Agent. 
 “Eurocurrency
Liabilities” has the meaning assigned to that term in Regulation D of the Board of Governors of the Federal Reserve System, as in effect from time to time. 
 “Eurodollar Rate” means, for any Interest Period for each Eurodollar Rate Advance comprising part of the same Borrowing,
an interest rate per annum equal to the rate per annum obtained by dividing (a) the rate per annum (rounded upward to the nearest whole multiple of 1/100 of 1% per annum) appearing on Moneyline Telerate Markets Page 3750 (or any successor
page) as the London interbank offered rate for deposits in U.S. dollars at approximately 11:00 A.M. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period or, if for any reason
such rate is not available, the average (rounded upward to the nearest whole multiple of 1/100 of 1% per annum, if such average is not such a multiple) of the rate per annum at which deposits in U.S. dollars is offered by the principal
office of each of the Reference Banks in London, England to prime banks in the London interbank market at 11:00 A.M. (London time) two Business Days before the first day of such Interest Period in an amount substantially equal to such Reference
Bank’s Eurodollar Rate Advance comprising part of such Borrowing to be outstanding during such Interest Period and for a period equal to such Interest Period by (b) a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage
for such Interest Period. If the Moneyline Telerate Markets Page 3750 (or any successor page) is unavailable, the Eurodollar Rate for any Interest Period for each Eurodollar Rate Advance comprising part of the same Borrowing shall be determined by
the Agent on the basis of applicable rates furnished to and received by the Agent from the Reference Banks two Business Days before the first day of such Interest Period, subject, however, to the provisions of Section 2.07.

 “Eurodollar Rate Advance” means an Advance that bears interest as provided in Section 2.06(a)(ii).

 “Eurodollar Rate Reserve Percentage” for any Interest Period for all Eurodollar Rate Advances comprising
part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor)
for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or
assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurodollar Rate Advances is determined) having a term equal to such
Interest Period. 
 “Events of Default” has the meaning specified in Section 6.01. 
 “Existing Debt” has the meaning specified in Section 5.02(d)(ii). 
  

 5 

 “Federal Funds Rate” means, for any period, a fluctuating interest rate
per annum equal for each day during such period to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is
not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received
by the Agent from three Federal funds brokers of recognized standing selected by it. 
 “GAAP” has the
meaning specified in Section 1.03. 
 “Guaranteed Obligations” has the meaning specified in
Section 7.01. 
 “Hazardous Materials” means (a) petroleum and petroleum products, byproducts or
breakdown products, radioactive materials, asbestos-containing materials, polychlorinated biphenyls and radon gas and (b) any other chemicals, materials or substances designated, classified or regulated as hazardous or toxic under any
Environmental Law, located on or under or emanating from real property owned or operated by the Borrower or any of its Subsidiaries. 
 “Hedge Agreements” means interest rate swap, cap or collar agreements, interest rate future or option contracts, currency swap agreements, currency future or option contracts and other similar agreements. 
 “Information Memorandum” means the information memorandum dated November 22, 2006 issued by the Agent in connection
with the syndication of the Commitments. 
 “Interest Period” means, for each Eurodollar Rate Advance
comprising part of the same Borrowing, the period commencing on the date of such Eurodollar Rate Advance or the date of the Conversion of any Base Rate Advance into such Eurodollar Rate Advance and ending on the last day of the period selected by
the Borrower requesting such Borrowing pursuant to the provisions below and, thereafter, each subsequent period commencing on the last day of the immediately preceding Interest Period and ending on the last day of the period selected by the Borrower
pursuant to the provisions below. The duration of each such Interest Period shall be one week or one, two, three or six months as the Borrower may, upon notice received by the Agent not later than 11:00 A.M. (New York City time) on the
third Business Day prior to the first day of such Interest Period, select; provided, however, that: 
 (a) the
Borrower may not select any Interest Period that ends after the Termination Date; 
 (b) Interest Periods commencing on the
same date for Eurodollar Rate Advances comprising part of the same Borrowing shall be of the same duration; 
 (c) whenever
the last day of any Interest Period would otherwise occur on a day other than a Business Day, the last day of such Interest Period shall be extended to occur on the next succeeding Business Day, provided, however, that, if such
Interest Period is for one month or longer, such extension would cause the last day of such Interest Period to occur in the next following calendar month, the last day of such Interest Period shall occur on the next preceding Business Day;

 (d) whenever the first day of any Interest Period of one month or longer occurs on a day of an initial calendar month for
which there is no numerically corresponding day in the calendar month that succeeds such initial calendar month by the number of months equal to the number of months in such Interest Period, such Interest Period shall end on the last Business Day of
such succeeding calendar month; and 
  

 6 

 (e) the Borrower may select an Interest Period of one week for no more than eight
separate Interest Periods. 
 “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended
from time to time, and the regulations promulgated and rulings issued thereunder. 
 “Invested Amounts” means
the amounts invested by investors that are not Affiliates of the Borrower in connection with any receivables securitization program and paid to the Borrower or its Subsidiaries, as reduced by the aggregate amounts received by such investors from the
payment of receivables and applied to reduce such invested amounts. 
 “Lenders” means each Initial Lender
and each Person that shall become a party hereto pursuant to Section 8.07. 
 “Lien” means any lien,
security interest or other charge or encumbrance of any kind, or any other type of preferential arrangement, including, without limitation, the lien or retained security title of a conditional vendor and any easement, right of way or other
encumbrance on title to real property. 
 “Material Adverse Change” means any material adverse change in the
business, financial condition or operations of the Borrower and its Subsidiaries taken as a whole. 
 “Material
Adverse Effect” means (a) a material adverse effect on the business, financial condition or operations of the Borrower and its Subsidiaries taken as a whole, (b) a material impairment of the ability of the Agent or any Lender to
enforce or collect any obligations of the Borrower under this Agreement or any Note or (c) a material impairment of the ability of the Borrower to perform its obligations under this Agreement or any other Loan Document. 
 “Merger” has the meaning specified in Section 3.02. 
 “Moody’s” means Moody’s Investors Service, Inc. 
 “Morean Group” means (a) William D. Morean, his spouse, and any of his parents and lineal descendants, their spouses
and the children of any such spouses born of a prior union, and their lineal descendants, and the estates, executors and administrators of any of such Persons, (b) any trustee under any inter vivos or testamentary trust for the benefit of any
of the Persons specified in clause (a) or the beneficiaries thereunder, and (c) any corporation, partnership, limited liability company, trust or other entity in which the Persons referred to in clauses (a) or (b) in the
aggregate have either a direct or indirect beneficial interest or voting control of greater than 50%. 
 “Multiemployer Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which the Borrower or any ERISA Affiliate is making or accruing an obligation to make contributions, or has within any of
the preceding five plan years made or accrued an obligation to make contributions. 
 “Multiple Employer
Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is maintained for employees of the Borrower or any ERISA Affiliate and at least one Person other than the Borrower and the ERISA Affiliates
or (b) was so maintained and in respect of which the Borrower or any ERISA Affiliate could have liability under Section 4064 or 4069 of ERISA in the event such plan has been or were to be terminated. 
 “Net Cash Proceeds” means, with respect to the incurrence or issuance of any debt, the sale or issuance of any equity,
equity linked or equity like securities or any sale, lease, transfer or other disposition of any asset by the Borrower or any of its Subsidiaries, the aggregate amount of cash received from time to time (whether as initial consideration or through
payment or disposition of deferred consideration but only as and when received) by or on behalf of such Person in connection with such transaction after deducting therefrom only (without duplication) (a) reasonable and customary brokerage
commissions, underwriting 

  

 7 

 
fees and discounts, upfront fees, legal and accounting fees, filing fees, finder’s fees and other similar fees and commissions and expenses,
(b) the amount of taxes payable in connection with or as a result of such transaction and (c) in the case of a disposition of an asset, the amount of any Debt secured by a Lien on such asset, in each case to the extent, but only to the
extent, that the amounts so deducted are at the time of receipt of such cash, actually paid to a Person that is not an Affiliate of the Borrower and are properly attributable to such transaction or to the asset that is the subject thereof.

 “Net Mark-to-Market Exposure” means, as of any date of determination, the excess (if any) of all
unrealized losses over all unrealized profits of the Person in question arising from Hedge Agreements. “Unrealized losses” means the fair market value of the cost to such Person of replacing such Hedge Agreement as of the date of
determination (assuming the Hedge Agreement were to be terminated as of that date) and “unrealized profits” means the fair market value of the gain to such Person of replacing such Hedge Agreement as of the date of determination (assuming
such Hedge Agreement were to be terminated as of that date). 
 “Note” means a promissory note of the
Borrower payable to the order of any Lender, delivered pursuant to a request made under Section 2.15, in substantially the form of Exhibit A hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the
Advances made by such Lender to the Borrower. 
 “Notice of Borrowing” has the meaning specified in
Section 2.02(a). 
 “Patriot Act” means the Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56, signed into law October 26, 2001. 
 “PBGC” means the Pension Benefit Guaranty Corporation (or any successor). 
 “Permitted
Liens” means such of the following as to which no enforcement, collection, execution, levy or foreclosure proceeding shall have been commenced: (a) Liens for taxes, assessments and governmental charges or levies to the extent not
required to be paid under Section 5.01(b) hereof; (b) Liens imposed by law (and ordinary course of business contractual Liens in respect of such Liens), such as materialmen’s, mechanics’, carriers’, workmen’s,
repairmen’s and landlord’s Liens and other similar Liens arising in the ordinary course of business securing obligations that are not overdue for a period of more than 90 days or are being contested in good faith by appropriate proceedings
and for which reasonable reserves are being maintained; (c) pledges or deposits to directly or indirectly secure obligations under workers’ compensation laws, unemployment insurance laws or similar legislation or to directly or indirectly
secure public or statutory obligations, including obligations to governmental entities in respect of value added taxes, duties, customs, excise taxes, franchises, licenses, rents and the like, or surety, customs or appeal bonds; (d) good faith
deposits (or security for obligations in lieu of good faith deposits) to directly or indirectly secure bids, tenders, contracts or leases for a purpose other than borrowing money or obtaining credit, including rent or equipment lease security
deposits, (e) easements, rights of way and other encumbrances on title to real property that do not render title to the property encumbered thereby unmarketable or materially adversely affect the use of such property for its present purposes,
(f) contractual rights of setoff against (which may include grants of Liens) or contractual Liens on, accounts or other property in transit to or in the possession of or maintained by the lienor, in the absence of any agreement to maintain a
balance or deliver property against which such right may be exercised, and contractual rights of set-off against claims against the lienor and (g) Liens pursuant to supply or consignment contracts or otherwise for the receipt of goods or
services, encumbering only the goods covered thereby, where the contracts are not overdue by more than 90 days or are being contested in good faith by appropriate proceedings and for which reasonable reserves are being maintained. 
 “Person” means an individual, partnership, corporation (including a business trust), joint stock company, trust,
unincorporated association, joint venture, limited liability company or other entity, or a government or any political subdivision or agency thereof. 
  

 8 

 “Plan” means a Single Employer Plan or a Multiple Employer Plan.

 “Post-Petition Interest” has the meaning specified in Section 7.05. 
 “Public Debt Rating” means, as of any date, the rating that has been most recently announced by either S&P or
Moody’s, as the case may be, for any class of non-credit enhanced long-term senior unsecured debt issued by the Borrower or, if no such Debt of the Borrower is then outstanding, the corporate credit rating most recently announced by either
S&P or Moody’s, as the case may be, provided, if any such rating agency shall have issued more than one such rating, the lowest such rating issued by such rating agency. For purposes of the foregoing, (a) if only one of S&P
and Moody’s shall have in effect a Public Debt Rating, the Applicable Margin and the Applicable Percentage shall be determined by reference to the available rating; (b) if neither S&P nor Moody’s shall have in effect a Public Debt
Rating, the Applicable Margin and the Applicable Percentage will be set in accordance with Level 6 under the definition of “Applicable Margin” or “Applicable Percentage”, as the case may be; (c) if the
ratings established by S&P and Moody’s shall fall within different levels and Level 3 does not apply, the Applicable Margin and the Applicable Percentage shall be based upon the higher rating unless the such ratings differ by two or more
levels, in which case the applicable level will be deemed to be one level above the lower of such levels; (d) if any rating established by S&P or Moody’s shall be changed, such change shall be effective as of the date on which such
change is first announced publicly by the rating agency making such change; and (e) if S&P or Moody’s shall change the basis on which ratings are established, each reference to the Public Debt Rating announced by S&P or
Moody’s, as the case may be, shall refer to the then equivalent rating by S&P or Moody’s, as the case may be. 
 “Ratable Share” of any amount means, with respect to any Lender at any time, the product of such amount times a fraction the numerator of which is the amount of such Lender’s Commitment at such time (or, if the
Commitments shall have been terminated pursuant to Section 2.04 or 6.01, such Lender’s Commitment as in effect immediately prior to such termination) and the denominator of which is the aggregate amount of all Commitments at such time (or,
if the Commitments shall have been terminated pursuant to Section 2.04 or 6.01, the aggregate amount of all Commitments as in effect immediately prior to such termination). 
 “Reference Banks” means Citibank, JPMorgan Chase Bank, N.A. and The Royal Bank of Scotland plc. 
 “Register” has the meaning specified in Section 8.07(d). 
 “Required Lenders” means at any time Lenders owed at least a majority in interest of the then aggregate unpaid principal
amount of the Advances owing to Lenders, or, if no such principal amount is then outstanding, Lenders having at least a majority in interest of the Commitments. 
 “S&P” means Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. 
 “Single Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is
maintained for employees of the Borrower or any ERISA Affiliate and no Person other than the Borrower and the ERISA Affiliates or (b) was so maintained and in respect of which the Borrower or any ERISA Affiliate could have liability under
Section 4069 of ERISA in the event such plan has been or were to be terminated. 
 “Subsidiary” of any
Person means any corporation, partnership, joint venture, limited liability company, trust or estate of which (or in which) more than 50% of (a) the issued and outstanding capital stock having ordinary voting power to elect a majority of the
Board of Directors of such corporation (irrespective of whether at the time capital stock of any other class or classes of such corporation shall or might have voting power upon the occurrence of any contingency), (b) the interest in the
capital or profits of such limited liability company, partnership or joint venture or (c) the beneficial interest in such trust or 

  

 9 

 
estate is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more
of such Person’s other Subsidiaries. 
 “Target” means Taiwan Green Point Enterprises Limited.

 “Tender Offer” has the meaning specified in Section 3.02. 
 “Termination Date” means the earlier of December 20, 2007 and the date of termination in whole of the Commitments
pursuant to Section 2.04 or 6.01. 
 “Unused Commitment” means, with respect to each Lender at any time,
such Lender’s Commitment at such time minus the aggregate principal amount of all Advances made by such Lender (in its capacity as a Lender) and outstanding at such time. 
 “Voting Stock” means capital stock issued by a corporation, or equivalent interests in any other Person, the holders of
which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even if the right to so vote has been suspended by the happening of such a contingency.

 SECTION 1.02. Computation of Time Periods. In this Agreement in the computation of periods of time from a specified date to a later
specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but excluding”. 
 SECTION 1.03. Accounting Terms. All accounting terms not specifically defined herein shall be construed in accordance with United States generally accepted accounting principles consistent with those applied in
the preparation of the financial statements referred to in Section 4.01(e), as modified by the adoption of Financial Accounting Standards 123R related to equity compensation (“GAAP”). 
 ARTICLE II 
 AMOUNTS AND TERMS OF THE ADVANCES

 SECTION 2.01. The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to
the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an amount not to exceed such Lender’s Unused Commitment. Each Borrowing shall be in an amount not less than the Borrowing
Minimum or the Borrowing Multiple in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment, the
Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09 and reborrow under this Section 2.01, provided, that amounts borrowed to finance the Tender Offer and the Merger, if repaid or prepaid, may not be
reborrowed. 
 SECTION 2.02. Making the Advances. (a) Each Borrowing shall be made on notice, given not later than
(x) 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Borrowing in the case of a Borrowing consisting of Eurodollar Rate Advances, (y) 11:00 A.M. (New York City time) on the date of the
proposed Borrowing in the case of a Borrowing consisting of Base Rate Advances or (z) 11:00 A.M. (New York City time) on the second Business Day prior to the date of the proposed Borrowing in the case of a Borrowing consisting of
Eurodollar Rate Advances to finance the Tender Offer or the Merger, by the Borrower to the Agent, which shall give to each Lender prompt notice thereof by telecopier. Each such notice of a Borrowing (a “Notice of Borrowing”) shall
be by telephone, confirmed immediately in writing, or telecopier in substantially the form of Exhibit B hereto, specifying therein the requested (i) date of such Borrowing, (ii) Type of Advances comprising such Borrowing,
(iii) aggregate amount of such Borrowing, and (iv) in the case of a Borrowing consisting of Eurodollar Rate Advances, initial Interest Period for each such Advance. Each Lender shall, before 1:00 P.M. (New York City time) on the
date of such Borrowing make available for the account of its Applicable Lending Office to the Agent at the applicable Agent’s Account, in same day funds, such Lender’s ratable portion of such Borrowing. After the Agent’s receipt of
such funds and upon fulfillment of the applicable conditions set forth in Article III, the Agent will make such funds available to the Borrower at the account specified in the 

  

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wiring instructions in the applicable Notice of Borrowing or, if no account is so specified, at the Agent’s address referred to in Section 8.02.

 (b) Anything in subsection (a) above to the contrary notwithstanding, (i) the Borrower may not select Eurodollar Rate Advances
for any Borrowing if the aggregate amount of such Borrowing is less than the Borrowing Minimum or if the obligation of the Lenders to make Eurodollar Rate Advances shall then be suspended pursuant to Section 2.07 or 2.11 and (ii) the
Eurodollar Rate Advances may not be outstanding at any time as part of more than six separate Borrowings. 
 (c) Each Notice of Borrowing
shall be irrevocable and binding on the Borrower. In the case of any Borrowing that the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Advances, the Borrower shall indemnify each Lender against any loss, cost or expense
incurred by such Lender as a result of any failure to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss (including
loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a
result of such failure, is not made on such date. 
 (d) Unless the Agent shall have received notice from a Lender prior to the time of any
Borrowing that such Lender will not make available to the Agent such Lender’s ratable portion of such Borrowing, the Agent may assume that such Lender has made such portion available to the Agent on the date of such Borrowing in accordance with
subsection (a) of this Section 2.02, as applicable, and the Agent may, in reliance upon such assumption, make available to the Borrower on such date a corresponding amount. If and to the extent that such Lender shall not have so made such
ratable portion available to the Agent, such Lender and the Borrower severally agree to repay to the Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to the
Borrower until the date such amount is repaid to the Agent, at (i) in the case of the Borrower, the interest rate applicable at the time to the Advances comprising such Borrowing and (ii) in the case of such Lender, the Federal Funds Rate.
If such Lender shall repay to the Agent such corresponding amount, such amount so repaid shall constitute such Lender’s Advance as part of such Borrowing for purposes of this Agreement. 
 (e) The failure of any Lender to make the Advance to be made by it as part of any Borrowing shall not relieve any other Lender of its obligation, if any,
hereunder to make its Advance on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Advance to be made by such other Lender on the date of any Borrowing. 
 SECTION 2.03. Fees. (a) Commitment Fee. The Borrower agrees to pay to the Agent for the account of each Lender a commitment fee on the
aggregate amount of such Lender’s Unused Commitment from the date hereof in the case of each Initial Lender and from the effective date specified in the Assignment and Acceptance pursuant to which it became a Lender in the case of each other
Lender until the Termination Date at a rate per annum equal to the Applicable Percentage in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December, commencing March 31, 2007, and on
the later of the Termination Date and the date all Advances are paid in full. 
 (b) Agent’s Fees. The Borrower shall pay to the
Agent for its own account such fees as may from time to time be agreed between the Borrower and the Agent. 
 SECTION 2.04. Termination or
Reduction of the Commitments. (a) Optional. The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce in part the Commitments, provided that
(a) the amount of each such reduction shall not exceed the Unused Commitments, (b) each partial reduction of the Commitments shall be applied ratably to the respective Commitments of the Lenders and (c) each partial reduction shall be
in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof. 
 (b) Mandatory. The aggregate
Commitments of the Lenders shall be automatically and permanently ratably reduced on the date and by the amount of any prepayment of Advances in accordance with Section 2.09(b)(i) (or, if no Advances are outstanding on the date that the
Borrower or its Subsidiaries receive Net 

  

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Cash Proceeds that would otherwise be required to be applied of repayment of Advances in accordance with Section 2.09(b)(i), on the date and in the
amount of receipt of such Net Cash Proceeds), provided that the Commitments shall not be reduced under this Section 2.04(b) to an aggregate amount less than $100,000,000. 
 SECTION 2.05. Repayment of Advances. The Borrower shall repay to the Agent for the ratable account of the Lenders on the Termination Date the
aggregate principal amount of the Advances made to it and then outstanding. 
 SECTION 2.06. Interest on Advances.
(a) Scheduled Interest. The Borrower shall pay interest on the unpaid principal amount of each Advance made to it and owing to each Lender from the date of such Advance until such principal amount shall be paid in full, at the following
rates per annum: 
 (i) Base Rate Advances. During such periods as such Advance is a Base Rate Advance, a rate per
annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and
December during such periods and on the date such Base Rate Advance shall be Converted or paid in full. 
 (ii) Eurodollar
Rate Advances. During such periods as such Advance is a Eurodollar Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (x) the Eurodollar Rate for such Interest Period for such
Advance plus (y) the Applicable Margin in effect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such
Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full. 
 (b) Default Interest. Upon the occurrence and during the continuance of an Event of Default under Section 6.01(a), the Agent may, and upon the request of the Required Lenders shall, require the Borrower to
pay interest (“Default Interest”) on (i) the unpaid principal amount of each Advance owing to each Lender, payable in arrears on the dates referred to in clause (a)(i) or (a)(ii) above, at a rate per annum equal at all
times to 2% per annum above the rate per annum required to be paid on such Advance pursuant to clause (a)(i) or (a)(ii) above and (ii) to the fullest extent permitted by law, the amount of any interest, fee or other amount payable
hereunder that is not paid when due, from the date such amount shall be due until such amount shall be paid in full, payable in arrears on the date such amount shall be paid in full and on demand, at a rate per annum equal at all times to
2% per annum above the rate per annum required to be paid on Base Rate Advances pursuant to clause (a)(i) above; provided, however, that following acceleration of the Advances pursuant to Section 6.01, Default Interest
shall accrue and be payable hereunder whether or not previously required by the Agent. 
 SECTION 2.07. Interest Rate Determination.
(a) Each Reference Bank agrees, if requested by the Agent, to furnish to the Agent timely information for the purpose of determining each Eurodollar Rate. If any one or more of the Reference Banks shall not furnish such timely information to
the Agent for the purpose of determining any such interest rate, the Agent shall determine such interest rate on the basis of timely information furnished by the remaining Reference Banks. The Agent shall give prompt notice to the Borrower and the
Lenders of the applicable interest rate determined by the Agent for purposes of Section 2.06(a)(i) or (ii), and the rate, if any, furnished by each Reference Bank for the purpose of determining the interest rate under Section 2.06(a)(ii).

 (b) If, with respect to any Eurodollar Rate Advances, the Required Lenders notify the Agent that (i) they are unable to obtain
matching deposits in the London inter-bank market at or about 11:00 A.M. (London time) on the second Business Day before the making of a Borrowing in sufficient amounts to fund their respective Advances as a part of such Borrowing during its
Interest Period or (ii) the Eurodollar Rate for any Interest Period for such Advances will not adequately reflect the cost to such Required Lenders of making, funding or maintaining their respective Eurodollar Rate Advances for such Interest
Period, the Agent shall forthwith so notify the Borrower and the Lenders, whereupon (A) the Borrower of such Eurodollar Rate Advances will, on the last day of the then existing Interest Period therefor, either (x) prepay such Advances or
(y) Convert such Advances into Base Rate Advances and (B) the obligation of the Lenders to make, or to Convert Advances into, Eurodollar Rate Advances 

  

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shall be suspended until the Agent shall notify the Borrower and the Lenders that the circumstances causing such suspension no longer exist. 
 (c) If the Borrower shall fail to select the duration of any Interest Period for any Eurodollar Rate Advances in accordance with the provisions contained
in the definition of “Interest Period” in Section 1.01, the Agent will forthwith so notify the Borrower and the Lenders and such Advances will automatically, on the last day of the then existing Interest Period therefor, Convert into
Base Rate Advances. 
 (d) On the date on which the aggregate unpaid principal amount of Eurodollar Rate Advances comprising any Borrowing
shall be reduced, by payment or prepayment or otherwise, to less than the Borrowing Minimum, such Advances shall automatically Convert into Base Rate Advances. 
 (e) Upon the occurrence and during the continuance of any Event of Default, (i) each Eurodollar Rate Advance will automatically, on the last day of the then existing Interest Period therefor, be Converted into
Base Rate Advances and (ii) the obligation of the Lenders to make, or to Convert Advances into, Eurodollar Rate Advances shall be suspended. 
 (f) If Moneyline Telerate Markets Page 3750 is unavailable and fewer than two Reference Banks furnish timely information to the Agent for determining the Eurodollar Rate for any Eurodollar Rate Advances after the Agent has requested such
information, 
 (i) the Agent shall forthwith notify the Borrower and the Lenders that the interest rate cannot be determined
for such Eurodollar Rate Advances, 
 (ii) each such Advance will automatically, on the last day of the then existing Interest
Period therefor, Convert into a Base Rate Advance (or if such Advance is then a Base Rate Advance, will continue as a Base Rate Advance), and 
 (iii) the obligation of the Lenders to make Eurodollar Rate Advances or to Convert Advances into Eurodollar Rate Advances shall be suspended until the Agent shall notify the Borrower and the Lenders that the
circumstances causing such suspension no longer exist. 
 SECTION 2.08. Optional Conversion of Advances. The Borrower may on any
Business Day, upon notice given to the Agent not later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.07 and 2.11, Convert all or
any portion of the Advances of one Type comprising the same Borrowing into Advances of the other Type; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an
Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall
result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and
(iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower. 
 SECTION 2.09. Prepayments of Advances. (a) Optional. The Borrower may, upon notice at least two Business Days’ prior to the date
of such prepayment, in the case of Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount
of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such
prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum or a Borrowing Multiple in excess thereof
and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c). 
  

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 (b) Mandatory Prepayments. (i) If the
Borrower and its Subsidiaries shall have received Net Cash Proceeds from (A) the issuance of equity, equity linked or equity like securities, (B) the incurrence or issuance of debt for borrowed money (other than pursuant to this Agreement
or the Five Year Credit Agreement dated as of May 11, 2005 (as amended) among the Borrower, the lenders parties thereto and Citicorp USA, Inc., as administrative agent, or in accordance with Section 5.02(d) (other than clauses
(iv) and (vi) thereof)) and (C) the sale of assets (other than any sale, lease, transfer or other disposition of assets (1) in the ordinary course of business, (2) to the extent that the Net Cash Proceeds thereof aggregate
less than $25,000,000 in any calendar year, (3) pursuant to the Borrower’s receivables securitization program in effect on the date hereof or (4) if the transfer of such Net Cash Proceeds to the Borrower from the applicable
Subsidiary, in the reasonable judgment of the Borrower and its counsel, would be prohibited by applicable law or would be subject to taxation by any relevant taxing authority), the Borrower shall be required to make a mandatory prepayment of
Advances in an aggregate amount equal to such Net Cash Proceeds in accordance with this Section 2.09(b)(i). Any mandatory prepayment of Advances required to be made pursuant to this Section 2.09(b)(i) shall be made on the earlier of
(1) the last day of the Interest Period for any Advance ending after the date of receipt of such Net Cash Proceeds (until all such Net Cash Proceeds have been prepaid) and (2) the 30th calendar day after the receipt thereof. 
 (ii)
Each prepayment made pursuant to this Section 2.09(b) shall be made together with any interest accrued to the date of such prepayment on the principal amounts prepaid and, in the case of any prepayment of a Eurodollar Rate Advance on a date
other than the last day of an Interest Period or at its maturity, any additional amounts which the Borrower shall be obligated to reimburse to the Lenders in respect thereof pursuant to Section 8.04(c). The Agent shall give prompt notice of any
prepayment required under this Section 2.09(b) to the Borrower and the Lenders. 
 SECTION 2.10. Increased Costs. (a) If,
due to either (i) the introduction of or any change in or in the interpretation of any law or regulation or (ii) the compliance with any guideline or request from any central bank or other governmental authority including, without
limitation, any agency of the European Union or similar monetary or multinational authority (whether or not having the force of law), there shall be any increase in the cost to any Lender of agreeing to make or making, funding or maintaining
Eurodollar Rate Advances (excluding for purposes of this Section 2.10 any such increased costs resulting from (i) Taxes or Other Taxes (as to which Section 2.13 shall govern) and (ii) changes in the basis of taxation of overall
net income or overall gross income by the United States or by the foreign jurisdiction or state under the laws of which such Lender is organized or has its Applicable Lending Office or any political subdivision thereof), then the Borrower shall from
time to time, upon demand by such Lender (with a copy of such demand to the Agent), pay to the Agent for the account of such Lender additional amounts sufficient to compensate such Lender for such increased cost; provided, however,
that before making any such demand, each Lender agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to designate a different Applicable Lending Office if the making of such designation would
avoid the need for, or reduce the amount of, such increased cost and would not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such Lender. A certificate as to the amount of such increased cost, submitted to the Borrower
and the Agent by such Lender, shall be conclusive and binding for all purposes, absent manifest error. 
 (b) If any Lender determines that
compliance with any law or regulation or any guideline or request from any central bank or other governmental authority (whether or not having the force of law) affects or would affect the amount of capital required or expected to be maintained by
such Lender or any corporation controlling such Lender and that the amount of such capital is increased by or based upon the existence of such Lender’s commitment to lend hereunder and other commitments of such type (or similar contingent
obligations), then, upon demand by such Lender (with a copy of such demand to the Agent), the Borrower shall pay to the Agent for the account of such Lender, from time to time as specified by such Lender, additional amounts sufficient to compensate
such Lender or such corporation in the light of such circumstances, to the extent that such Lender reasonably determines such increase in capital to be allocable to the existence of such Lender’s commitment to lend hereunder. A certificate as
to such amounts submitted to the Borrower and the Agent by such Lender shall be conclusive and binding for all purposes, absent manifest error. 
 SECTION 2.11. Illegality. Notwithstanding any other provision of this Agreement, if any Lender shall notify the Agent that the introduction of or any change in or in the interpretation of any law or regulation makes it unlawful, or
any central bank or other governmental authority asserts that it is unlawful, for any Lender or its Eurodollar Lending Office to perform its obligations hereunder to make Eurodollar Rate Advances or to fund or 

  

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maintain Eurodollar Rate Advances hereunder, (a) each Eurodollar Rate Advance will automatically, upon such demand be Converted into a Base Rate Advance
and (b) the obligation of the Lenders to make Eurodollar Rate Advances or to Convert Advances into Eurodollar Rate Advances shall be suspended until the Agent shall notify the Borrower and the Lenders that the circumstances causing such
suspension no longer exist. 
 SECTION 2.12. Payments and Computations. (a) The Borrower shall make each payment hereunder,
irrespective of any right of counterclaim or set-off, not later than 11:00 A.M. (New York City time) on the day when due in U.S. dollars to the Agent at the applicable Agent’s Account in same day funds. The Agent will promptly
thereafter cause to be distributed like funds relating to the payment of principal or interest, fees or commissions ratably (other than amounts payable pursuant to Section 2.03(b), 2.10, 2.13 or 8.04(c)) to the Lenders for the account of their
respective Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Applicable Lending Office, in each case to be applied in accordance with the terms of this
Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(c), from and after the effective date specified in such Assignment and Acceptance, the
Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for
periods prior to such effective date directly between themselves. 
 (b) All computations of interest based on the Base Rate shall be made by
the Agent on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the Eurodollar Rate or the Federal Funds Rate and of fees shall be made by the Agent on the basis of a year of 360 days, in each case
for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest, fees or commissions are payable. Each determination by the Agent of an interest rate hereunder shall be conclusive
and binding for all purposes, absent manifest error. 
 (c) Whenever any payment hereunder or under the Notes shall be stated to be due on a
day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest, fee or commission, as the case may be;
provided, however, that, if such extension would cause payment of interest on or principal of Eurodollar Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

 (d) Unless the Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Lenders hereunder
that the Borrower will not make such payment in full, the Agent may assume that the Borrower has made such payment in full to the Agent on such date and the Agent may, in reliance upon such assumption, cause to be distributed to each Lender on such
due date an amount equal to the amount then due such Lender. If and to the extent the Borrower shall not have so made such payment in full to the Agent, each Lender shall repay to the Agent forthwith on demand such amount distributed to such Lender
together with interest thereon, for each day from the date such amount is distributed to such Lender until the date such Lender repays such amount to the Agent, at the Federal Funds Rate. 
 SECTION 2.13. Taxes. (a) Any and all payments by the Borrower to or for the account of any Lender or the Agent hereunder or under the Notes
or any other documents to be delivered hereunder shall be made, in accordance with Section 2.12 or the applicable provisions of such other documents, free and clear of and without deduction for any and all present or future taxes, levies,
imposts, deductions, charges or withholdings, and all liabilities with respect thereto, excluding, in the case of each Lender and the Agent, taxes imposed on its overall net income, and franchise taxes imposed on it in lieu of net income
taxes, by the jurisdiction under the laws of which such Lender or the Agent (as the case may be) is organized or any political subdivision thereof and, in the case of each Lender, taxes imposed on its overall net income, and franchise taxes imposed
on it in lieu of net income taxes, by the jurisdiction of such Lender’s Applicable Lending Office or any political subdivision thereof (all such non-excluded taxes, levies, imposts, deductions, charges, withholdings and liabilities in respect
of payments hereunder or under the Notes being hereinafter referred to as “Taxes”). If the Borrower shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder or under any Note or any other
documents to be delivered hereunder to any Lender or the Agent, (i) the sum payable shall be increased as may be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this
Section 2.13) such Lender or the Agent (as the case may be) receives an amount equal to the sum it would have received had no 

  

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such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall pay the full amount deducted to the relevant
taxation authority or other authority in accordance with applicable law. 
 (b) In addition, the Borrower shall pay any present or future
stamp or documentary taxes or any other excise or property taxes, charges or similar levies that arise from any payment made hereunder or under the Notes any other documents to be delivered hereunder or from the execution, delivery or registration
of, performing under, or otherwise with respect to, this Agreement or the Notes or any other documents to be delivered hereunder (hereinafter referred to as “Other Taxes”). 
 (c) The Borrower shall indemnify each Lender and the Agent for and hold it harmless against the full amount of Taxes or Other Taxes (including, without
limitation, taxes of any kind imposed or asserted by any jurisdiction on amounts payable under this Section 2.13) imposed on or paid by such Lender or the Agent (as the case may be) and any liability (including penalties, interest and expenses)
arising therefrom or with respect thereto other than such liability (including penalties, interest and expenses) attributable to the acts of or failure to act by such Lender. This indemnification shall be made within 30 days from the date
such Lender or the Agent (as the case may be) makes written demand therefor. Upon request from the Borrower, the Lender or Agent (as the case may be) shall provide the Borrower with such information and documentation as to the calculation of the
indemnification payment as the Borrower may reasonably request. 
 (d) Within 30 days after the date of any payment of Taxes, the Borrower
shall furnish to the Agent, at its address referred to in Section 8.02, the original or a certified copy of a receipt evidencing such payment to the extent such a receipt is issued therefor, or other written proof of payment thereof that is
reasonably satisfactory to the Agent. In the case of any payment hereunder or under the Notes or any other documents to be delivered hereunder by or on behalf of the Borrower through an account or branch outside the United States or by or on behalf
of the Borrower by a payor that is not a United States person, if the Borrower determines that no Taxes are payable in respect thereof, the Borrower shall furnish, or shall cause such payor to furnish, to the Agent, at such address, evidence of
substantial authority acceptable to the Agent stating that such payment is exempt from Taxes. For purposes of this subsection (d) and subsection (e), the terms “United States” and “United States person” shall
have the meanings specified in Section 7701 of the Internal Revenue Code. 
 (e) Each Lender organized under the laws of a jurisdiction
outside the United States (a “non-U.S. Lender”), on or prior to the date of its execution and delivery of this Agreement in the case of each Initial Lender and on the date of the Assignment and Acceptance pursuant to which it
becomes a Lender in the case of each other Lender, and from time to time thereafter as reasonably requested in writing by the Borrower (but only so long as such Lender remains lawfully able to do so), shall provide each of the Agent and the Borrower
with two original Internal Revenue Service Forms W-8BEN or W-8ECI, as appropriate, or any successor or other form prescribed by the Internal Revenue Service, certifying that such Lender is exempt from or entitled to a reduced rate of United
States withholding tax on payments pursuant to this Agreement or the Notes. If the form provided by a Lender at the time such Lender first becomes a party to this Agreement indicates a United States interest withholding tax rate in excess of zero,
withholding tax at such rate shall be considered excluded from Taxes unless and until such Lender provides the appropriate forms certifying that a lesser rate applies, whereupon withholding tax at such lesser rate only shall be considered excluded
from Taxes for periods governed by such form; provided, however, that, if at the date of the Assignment and Acceptance pursuant to which a Lender assignee becomes a party to this Agreement, the Lender assignor was entitled to payments
under subsection (a) in respect of United States withholding tax with respect to interest paid at such date, then, to such extent, the term Taxes shall include (in addition to withholding taxes that may be imposed in the future or other amounts
otherwise includable in Taxes) United States withholding tax, if any, applicable with respect to the Lender assignee on such date. If any form or document referred to in this subsection (e) requires the disclosure of information, other than
information necessary to compute the tax payable and information required on the date hereof by Internal Revenue Service Form W-8BEN or W-8ECI, that the Lender reasonably considers to be confidential, the Lender shall give notice thereof to the
Borrower and shall not be obligated to include in such form or document such confidential information. 
 (f) For any period with respect to
which a non-U.S. Lender has failed to provide the Borrower with the appropriate form, certificate or other document described in Section 2.13(e) (other than if such failure is due to a change in law, or in the interpretation or
application thereof, occurring subsequent to the date on which a form, certificate or other document originally was required to be provided), such non-U.S. Lender shall not be entitled to payment or indemnification under Section 2.13(a) or
(c) with respect to Taxes imposed by the United 

  

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States by reason of such failure; provided, however, that should a Lender become subject to Taxes because of its failure to deliver a form,
certificate or other document required hereunder, the Borrower shall take such steps as the Lender shall reasonably request to assist the Lender to recover such Taxes. 
 (g) Any Lender claiming any additional amounts payable pursuant to this Section 2.13 agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to change the
jurisdiction of its Eurodollar Lending Office if the making of such a change would avoid the need for, or reduce the amount of, any such additional amounts that may thereafter accrue and would not, in the reasonable judgment of such Lender, be
otherwise disadvantageous to such Lender. 
 (h) If an additional payment is made under subsection (a) or (c) above for the account
of any Lender and such Lender, in its sole discretion (exercising good faith), determines that it has finally and irrevocably received or been granted a credit against or release or remission for, or repayment of, any tax paid or payable by it in
respect of or calculated with reference to the deduction or withholding giving rise to such payment, such Lender shall, to the extent that it determines that it can do so without prejudice to the retention of the amount of such credit, relief,
remission or repayment, pay to the Borrower such amount as the Lender shall, in its sole discretion (exercising good faith), have determined to be attributable to such deduction or withholding and which will leave such Lender (after such payment) in
no worse position than it would have been in if the Borrower had not been required to make such deduction or withholding. Such Lender shall provide to the Borrower reasonable information regarding any creditable amounts it expects to receive, and
the expected time for receiving such credit or refund. Nothing herein contained shall interfere with the right of a Lender to arrange its tax affairs in whatever manner it thinks fit nor oblige any Lender to claim any tax credit or to disclose any
information relating to its tax affairs or any computations in respect thereof or require any Lender to do anything that would prejudice its ability to benefit from any other credits, reliefs, remissions or repayments to which it may be entitled.

 SECTION 2.14. Sharing of Payments, Etc. If any Lender shall obtain any payment (whether voluntary, involuntary, through the
exercise of any right of set-off, or otherwise) on account of the Advances owing to it (other than pursuant to Section 2.10, 2.13 or 8.04(c)) in excess of its Ratable Share of payments on account of the Advances obtained by all the Lenders,
such Lender shall forthwith purchase from the other Lenders such participations in the Advances owing to them as shall be necessary to cause such purchasing Lender to share the excess payment ratably with each of them; provided,
however, that if all or any portion of such excess payment is thereafter recovered from such purchasing Lender, such purchase from each Lender shall be rescinded and such Lender shall repay to the purchasing Lender the purchase price to the
extent of such recovery together with an amount equal to such Lender’s ratable share (according to the proportion of (i) the amount of such Lender’s required repayment to (ii) the total amount so recovered from the purchasing
Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered. The Borrower agrees that any Lender so purchasing a participation from another Lender pursuant to this Section 2.14
may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of set-off) with respect to such participation as fully as if such Lender were the direct creditor of the Borrower in the amount of such
participation. 
 SECTION 2.15. Evidence of Debt. (a) Each Lender shall maintain in accordance with its usual practice an account
or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Advance owing to such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder in
respect of Advances. The Borrower agrees that upon notice by any Lender to the Borrower (with a copy of such notice to the Agent) to the effect that a Note is required or appropriate in order for such Lender to evidence (whether for purposes of
pledge, enforcement or otherwise) the Advances owing to, or to be made by, such Lender, the Borrower shall promptly execute and deliver to such Lender a Note payable to the order of such Lender in a principal amount up to the Commitment of such
Lender. 
 (b) The Register maintained by the Agent pursuant to Section 8.07(d) shall include a control account, and a subsidiary
account for each Lender, in which accounts (taken together) shall be recorded (i) the date and amount of each Borrowing made hereunder, the Type of Advances comprising such Borrowing and, if appropriate, the Interest Period applicable thereto,
(ii) the terms of each Assignment and Acceptance delivered to and accepted by it, (iii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iv) the
amount of any sum received by the Agent from the Borrower hereunder and each Lender’s share thereof. 
  

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 (c) Entries made in good faith by the Agent in the Register pursuant to subsection (b) above, and by
each Lender in its account or accounts pursuant to subsection (a) above, shall be prima facie evidence of the amount of principal and interest due and payable or to become due and payable from the Borrower to, in the case of the
Register, each Lender and, in the case of such account or accounts, such Lender, under this Agreement, absent manifest error; provided, however, that the failure of the Agent or such Lender to make an entry, or any finding that an
entry is incorrect, in the Register or such account or accounts shall not limit or otherwise affect the obligations of the Borrower under this Agreement. 
 SECTION 2.16. Use of Proceeds. The proceeds of the Advances in an aggregate principal amount not to exceed $100,000,000 at any time outstanding shall be available (and the Borrower agrees that it shall use such
proceeds) solely for general corporate purposes of the Borrower and its Subsidiaries, and the proceeds of the Advances in excess of such amount shall be available solely to pay cash consideration required to consummate the Tender Offer and the
Merger and to pay related costs and expenses. 
 ARTICLE III 
 CONDITIONS TO EFFECTIVENESS AND LENDING 
 SECTION 3.01. Conditions Precedent to Effectiveness of
Section 2.01. Section 2.01 of this Agreement shall become effective on and as of the first date (the “Effective Date”) on which the following conditions precedent have been satisfied: 
 (a) There shall have occurred no Material Adverse Change since August 31, 2005, other than as disclosed to the Lenders prior to the
date hereof. 
 (b) There shall exist no action, suit, investigation, litigation or proceeding affecting the Borrower or any
of its Subsidiaries pending or threatened before any court, governmental agency or arbitrator that (i) could be reasonably likely to have a Material Adverse Effect other than the matters described on Schedule 3.01(b) hereto (the
“Disclosed Litigation”) or (ii) purports to affect the legality, validity or enforceability of this Agreement or any Note or the consummation of the transactions contemplated hereby, and there shall have been no material
adverse change in the status, or financial effect on the Borrower or any of its Subsidiaries, of the Disclosed Litigation from that described on Schedule 3.01(b) hereto. 
 (c) Nothing shall have come to the attention of the Lenders during the course of their due diligence investigation to lead them to believe
that the Information Memorandum was or has become misleading, incorrect or incomplete in any material respect, other than as disclosed to the Lenders prior to the date hereof; without limiting the generality of the foregoing, the Lenders shall have
been given such access to the management, records, books of account, contracts and properties of the Borrower and its Subsidiaries as they shall have requested. 
 (d) All governmental and third party consents and approvals necessary in connection with the Advances shall have been obtained (without
the imposition of any conditions that are not acceptable to the Lenders) and shall remain in effect, and no law or regulation shall be applicable in the reasonable judgment of the Lenders that restrains, prevents or imposes materially adverse
conditions upon the Advances. 
 (e) The Borrower shall have notified each Lender and the Agent in writing as to the proposed
Effective Date. 
 (f) The Borrower shall have paid all accrued fees and expenses of the Agent and the Lenders associated with
this Agreement (including the accrued fees and expenses of counsel to the Agent). 
 (g) On the Effective Date, the following
statements shall be true and the Agent shall have received for the account of each Lender a certificate signed by a duly authorized officer of the Borrower, dated the Effective Date, stating that: 
  

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 (i) The representations and warranties contained in Section 4.01 are correct on and
as of the Effective Date, and 
 (ii) No event has occurred and is continuing that constitutes a Default. 
 (h) The Agent shall have received on or before the Effective Date the following, each dated such day, in form and substance satisfactory
to the Agent and (except for the Notes) in sufficient copies for each Lender: 
 (i) The Notes to the order of the Lenders to
the extent requested by any Lender pursuant to Section 2.15. 
 (ii) Certified copies of the resolutions of the Board of
Directors of the Borrower approving this Agreement and the Notes, and of all documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement and the Notes. 
 (iii) A certificate of the Secretary or an Assistant Secretary of the Borrower certifying the names and true signatures of the officers of
the Borrower authorized to sign this Agreement and the Notes and the other documents to be delivered hereunder. 
 (iv)
Favorable opinions of Holland & Knight LLP, counsel for the Borrower, and the general counsel of the Borrower, substantially in the form of Exhibits D-1 and D-2 hereto, respectively, and as to such other matters as any Lender through
the Agent may reasonably request. 
 (v) A favorable opinion of Shearman & Sterling LLP, counsel for the Agent, in
form and substance satisfactory to the Agent. 
 SECTION 3.02. Conditions Precedent to Each Borrowing to Finance the Tender Offer and the
Merger. The obligation of each Lender to make an Advance on the occasion of any Borrowing, the proceeds of which will be used to finance the Tender Offer or the Merger, shall be subject to the conditions precedent that: 
 (a) All governmental and third party consents and approvals necessary in connection with the transactions contemplated hereby shall have
been obtained (without the imposition of any conditions that are not acceptable to the Lenders) and shall remain in effect, and no law or regulation shall be applicable in the reasonable judgment of the Lenders that restrains, prevents or imposes
materially adverse conditions upon the transactions contemplated hereby. 
 (b) in the case of a Borrowing to finance the
shares of the Target acquired pursuant to the Borrower’s offer to purchase 267,225,328 shares of the Target’s outstanding common stock, NT$10 par value (the “Target Stock”), for NT$109 in cash per share (the
“Tender Offer”), (i) holders of no fewer than 133,612,665 shares of Target Stock shall have validly tendered such Target Stock pursuant to the Tender Offer and shall not have withdrawn such Target Stock on or before
January 12, 2007, (ii) the Borrower shall have accepted such Target Stock for payment strictly in accordance with the terms of the Tender Offer Circular dated November 22, 2006 without any waiver or amendment not consented to by the
Lenders of any term provision or condition set forth therein, and in compliance with all applicable laws and (iii) the Target’s board of directors shall have decided to stay neutral and shall have neither approved nor disapproved the
Tender Offer and the Merger or whether its shareholders should tender their Target Stock pursuant to the Tender Offer, because the board of directors believed that under the circumstances, each investor should make its own decision as to whether
he/she/it would tender shares or not; and 
 (c) in the case of a Borrowing to finance the merger of the Target into the
Borrower or a Subsidiary of the Borrower (the “Merger”), all of the conditions precedent to the effectiveness of the Merger (other than the payment of the proceeds of Advances) shall have been satisfied. 
  

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 Notwithstanding the foregoing, on and after January 2, 2007, the Borrower may request Advances to fund the Tender
Offer and the Merger prior to the satisfaction of the conditions set forth in this Section 3.02, and the Lenders shall fund such Advances, provided that (i) the conditions precedent to such Advances set forth in Section 3.03
are satisfied, (ii) the proceeds of such Advances shall be deposited in escrow with an Affiliate of the Agent, and shall be released to the Borrower or as the Borrower may direct upon receipt by such Affiliate of a certificate signed by a duly
authorized officer of the Borrower that the applicable conditions of this Section 3.02 shall have been satisfied and (iii) such Advances shall bear interest as provided in this Agreement to the same extent as if such funds had been made
available to the Borrower on the date such Advances are funded by the Lenders to an Affiliate of the Agent. 
 SECTION 3.03. Conditions
Precedent to Each Borrowing. The obligation of each Lender to make an Advance on the occasion of each Borrowing (including any Borrowing the proceeds of which are used to finance the Tender Offer and the Merger) shall be subject to the
conditions precedent that the Effective Date shall have occurred and on the date of such Borrowing (a) the following statements shall be true (and each of the giving of the applicable Notice of Borrowing and the acceptance by the Borrower of
the proceeds of such Borrowing shall constitute a representation and warranty by the Borrower that on the date of such Borrowing such statements are true): 
 (i) the representations and warranties contained in Section 4.01 (except the representations set forth in the last sentence of subsection (e) thereof and in Section (f)(i) thereof) are correct on and as of
such date, before and after giving effect to such Borrowing and to the application of the proceeds therefrom, as though made on and as of such date, and 
  
 (ii) no event has occurred and is continuing, or would result from such Borrowing or from the application of the proceeds therefrom, that
constitutes a Default; 
 and (b) the Agent shall have received such other approvals, opinions or documents as any Lender through the Agent may
reasonably request. 
 SECTION 3.04. Determinations Under Section 3.01. For purposes of determining compliance with the
conditions specified in Section 3.01, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or
satisfactory to the Lenders unless an officer of the Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that the Borrower, by notice to the Lenders, designates as the
proposed Effective Date specifying its objection thereto. The Agent shall promptly notify the Lenders of the occurrence of the Effective Date. 
 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES 
 SECTION 4.01. Representations and Warranties of the Borrower. The Borrower represents and warrants as follows: 
 (a) The Borrower is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. 
 (b) The execution, delivery and performance by the Borrower of this Agreement and the other Loan Documents to be delivered by it, and the
consummation of the transactions contemplated hereby, are within the Borrower’s corporate powers, have been duly authorized by all necessary corporate action, and do not contravene (i) the Borrower’s charter or by-laws or
(ii) any material law or any material contractual restriction binding on or affecting the Borrower. 
 (c) No
authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body or any other third party is required for the due execution, 

  

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delivery and performance by the Borrower of this Agreement or the other Loan Documents to be delivered by it. 
 (d) This Agreement has been, and each of the other Loan Documents to be delivered by it when delivered hereunder will have been, duly
executed and delivered by the Borrower. This Agreement is, and each of the Notes when delivered hereunder will be, the legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with their respective terms,
except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought
by proceedings in equity or law). 
 (e) The Consolidated balance sheet of the Company and its Subsidiaries as at
August 31, 2005, and the related Consolidated statements of income and cash flows of the Company and its Subsidiaries for the fiscal year then ended, accompanied by an opinion of KPMG LLP, independent public accountants, and the Consolidated
balance sheet of the Company and its Subsidiaries as at May 31, 2006, and the related Consolidated statements of income and cash flows of the Company and its Subsidiaries for the nine months then ended, duly certified by the chief financial
officer or other authorized financial officer of the Company, copies of which have been furnished to each Lender, fairly present, other than as disclosed to the Lenders prior to the date hereof, and subject, in the case of said balance sheet as at
May 31, 2006, and said statements of income and cash flows for the nine months then ended, to year-end audit adjustments, the Consolidated financial condition of the Company and its Subsidiaries as at such dates and the Consolidated results of
the operations of the Company and its Subsidiaries for the periods ended on such dates, all in accordance with United States generally accepted accounting principles consistently applied. Since August 31, 2005, there has been no Material
Adverse Change other than as disclosed to the Lenders prior to the date hereof. 
 (f) There is no pending or, to the
Borrower’s knowledge, overtly threatened action, suit, investigation, litigation or administrative or judicial proceeding, including, without limitation, any Environmental Action, affecting the Borrower or any of its Subsidiaries before any
court, governmental agency or arbitrator that (i) could be reasonably likely to have a Material Adverse Effect (other than the Disclosed Litigation), and there has been no material adverse change in the status, or financial effect on the
Borrower or any of its Subsidiaries, of the Disclosed Litigation from that described on Schedule 3.01(b) hereto or (ii) purports to affect the legality, validity or enforceability of this Agreement or any Note or the consummation of the
transactions contemplated hereby. 
 (g) The Borrower is not engaged in the business of extending credit for the purpose of
purchasing or carrying margin stock (within the meaning of Regulation U issued by the Board of Governors of the Federal Reserve System), and no proceeds of any Advance will be used to purchase or carry any margin stock or to extend credit to
others for the purpose of purchasing or carrying any margin stock. 
 (h) The Borrower is not an “investment
company”, or a company “controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended. 
 (i) Neither the Information Memorandum nor any other information, exhibit or report furnished by or on behalf of the Borrower to the Agent
or any Lender in connection with the negotiation and syndication of this Agreement or pursuant to the terms of this Agreement contained any untrue statement of a material fact or omitted to state a material fact necessary to make the statements made
therein not misleading, other than as disclosed to the Lenders prior to the date hereof. 
 ARTICLE V 
 COVENANTS OF THE COMPANY 
  

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 SECTION 5.01. Affirmative Covenants. From and after the date hereof, so long as any Advance shall
remain unpaid or any Lender shall have any Commitment hereunder, the Borrower will: 
 (a) Compliance with Laws, Etc.
Comply, and cause each of its Subsidiaries to comply with all applicable laws, rules, regulations and orders, such compliance to include, without limitation, compliance with ERISA, Environmental Laws and the Patriot Act, except to the extent such
failure to comply could reasonably be expected to have a Material Adverse Effect. 
 (b) Payment of Taxes, Etc. Pay and
discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all taxes, assessments and governmental charges or levies imposed upon it or upon its property and (ii) all lawful claims
that, if unpaid, might by law become a Lien upon its property; provided, however, that neither the Borrower nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim that is being
contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained, unless and until any Lien resulting therefrom attaches to its property and becomes enforceable against its other creditors. 
 (c) Maintenance of Insurance. Maintain, and cause each of its Subsidiaries to maintain, insurance with responsible and reputable
insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties in the same general areas in which the Borrower or such Subsidiary operates;
provided, however, that the Borrower and its Subsidiaries may self-insure to the extent consistent with prudent business practice for companies engaged in similar businesses and owning similar properties in the same general areas in
which the Borrower or such Subsidiary operates. 
 (d) Preservation of Corporate Existence, Etc. Preserve and maintain,
and cause each of its Subsidiaries to preserve and maintain, its corporate existence, rights (charter and statutory) and franchises; provided, however, that the Borrower and its Subsidiaries may consummate any merger or consolidation
permitted under Section 5.02(b) or dissolve or terminate the existence of any Subsidiary of the Borrower possessing immaterial assets or liabilities or no continuing business purpose, in either case as determined by the Board of Directors of
the Borrower or such Subsidiary in its reasonable discretion, and provided further that neither the Borrower nor any of its Subsidiaries shall be required to preserve any right or franchise if the Board of Directors of the Borrower or such
Subsidiary shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Borrower or such Subsidiary, as the case may be, and that the loss thereof is not disadvantageous in any material respect to the
Borrower, such Subsidiary or the Lenders. 
 (e) Visitation Rights. At any reasonable time during normal business hours
and from time to time upon reasonable notice, permit the Agent or any of the Lenders or any agents or representatives thereof, to examine and make copies of and abstracts from the records and books of account of, and visit the properties of, the
Borrower and any of its Subsidiaries, and to discuss the affairs, finances and accounts of the Borrower and any of its Subsidiaries with any of their officers or directors and with their independent certified public accountants, subject to
applicable regulations of the Federal government relating to classified information and reasonable security and safety regulations of the Borrower. 
 (f) Keeping of Books. Keep, and cause each of its Subsidiaries to keep, proper books of record and account, in which full and correct entries shall be made of all financial transactions and the assets and
business of the Borrower and each such Subsidiary in accordance with, and to the extent required by, United States generally accepted accounting principles in effect from time to time. 
 (g) Maintenance of Properties, Etc. Maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, all of its
properties that are material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, in accordance with customary and prudent business practices for similar businesses. 
  

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 (h) Transactions with Affiliates. Conduct, and cause each of its Subsidiaries to
conduct, all transactions otherwise permitted under this Agreement with any of their Affiliates (other than the Borrower and its wholly-owned Subsidiaries) on terms that are fair and reasonable and no less favorable to the Borrower or such
Subsidiary than it would obtain in a comparable arm’s-length transaction with a Person not an Affiliate. 
 (i)
Reporting Requirements. Furnish to the Agent, who shall furnish to the Lenders: 
 (i) as soon as available and in any
event within 45 days after the end of each of the first three quarters of each fiscal year of the Borrower (other than the fiscal quarter ended November 30, 2006, which shall be delivered not later than February 2, 2007), the Consolidated
balance sheet of the Borrower and its Subsidiaries as of the end of such quarter and Consolidated statements of income and cash flows of the Borrower and its Subsidiaries for the period commencing at the end of the previous fiscal year and ending
with the end of such quarter, duly certified (subject to year-end audit adjustments) by the chief financial officer or other authorized financial officer of the Borrower as having been prepared in accordance with United States generally accepted
accounting principles and certificates of the chief financial officer of the Borrower as to compliance with the terms of this Agreement and setting forth in reasonable detail the calculations necessary to demonstrate compliance with
Section 5.03, provided that in the event of any change in United States generally accepted accounting principles used in the preparation of such financial statements, the Borrower shall also provide, if necessary for the determination of
compliance with Section 5.03, a statement of reconciliation conforming such financial statements to GAAP; 
 (ii) as soon
as available and in any event within 90 days after the end of each fiscal year of the Borrower (other than the fiscal year ended August 31, 2006, which shall be delivered not later than February 2, 2007), a copy of the annual audit report
for such year for the Borrower and its Subsidiaries, containing the Consolidated balance sheet of the Borrower and its Subsidiaries as of the end of such fiscal year and Consolidated statements of income and cash flows of the Borrower and its
Subsidiaries for such fiscal year, in each case accompanied by an opinion acceptable to the Required Lenders by KPMG LLP or other independent public accountants acceptable to the Required Lenders and certificates of the chief financial officer or
other authorized financial officer of the Borrower as to compliance with the terms of this Agreement and setting forth in reasonable detail the calculations necessary to demonstrate compliance with Section 5.03, provided that in the
event of any change in United States generally accepted accounting principles used in the preparation of such financial statements, the Borrower shall also provide, if necessary for the determination of compliance with Section 5.03, a statement
of reconciliation conforming such financial statements to GAAP; 
 (iii) as soon as possible and in any event within seven
days after the occurrence of each Default continuing on the date of such statement, a statement of the chief financial officer or other authorized financial officer of the Borrower setting forth details of such Default and the action that the
Borrower has taken and proposes to take with respect thereto; 
 (iv) promptly after the sending or filing thereof, copies of
all reports that the Borrower sends to any of its securityholders, and copies of all reports and registration statements that the Borrower or any Subsidiary files with the Securities and Exchange Commission or any national securities exchange;

 (v) promptly after the commencement thereof, notice of all actions and proceedings before any court, governmental agency or
arbitrator affecting the Borrower or any of its Subsidiaries of the type described in Section 4.01(f); and 
 (vi) such
other information respecting the Borrower or any of its Subsidiaries as any Lender through the Agent may from time to time reasonably request. 
  

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 Financial reports required to be delivered pursuant to clauses (i), (ii) and
(iv) above shall be deemed to have been delivered on the date on which such report is posted on the Borrower’s website at www.jabil.com, and such posting shall be deemed to satisfy the financial reporting requirements of clauses (i),
(ii) and (iv) above, it being understood that the Borrower shall provide all other reports and certificates required to be delivered under this Section 5.01(i) in the manner set forth in Section 8.02. 
 SECTION 5.02. Negative Covenants. From and after the date hereof, so long as any Advance shall remain unpaid or any Lender shall have any
Commitment hereunder, the Borrower will not: 
 (a) Liens, Etc. Create or suffer to exist, or permit any of its
Subsidiaries to create or suffer to exist, any Lien on or with respect to any of its properties, whether now owned or hereafter acquired, or assign, or permit any of its Subsidiaries to assign, any right to receive income, other than: 
 (i) Permitted Liens, 
 (ii) purchase money Liens upon or in any real property or equipment acquired or held by the Borrower or any Subsidiary in the ordinary course of business to secure the purchase price of such property or equipment or to secure Debt incurred
solely for the purpose of financing the acquisition of such property or equipment, or Liens existing on such property or equipment at the time of its acquisition (other than any such Liens created in contemplation of such acquisition that were not
incurred to finance the acquisition of such property) or extensions, renewals or replacements of any of the foregoing for the same or a lesser amount, provided, however, that no such Lien shall extend to or cover any properties of any
character other than the real property or equipment being acquired (and any accessions or additions thereto, and proceeds thereof), and no such extension, renewal or replacement shall extend to or cover any properties not theretofore subject to the
Lien being extended, renewed or replaced, provided further that the aggregate principal amount of the indebtedness secured by the Liens referred to in this clause (ii) shall not exceed the amount specified therefor in
Section 5.02(d)(iii) at any time outstanding, 
 (iii) the Liens existing on the Effective Date and described on
Schedule 5.02(a) hereto, 
 (iv) Liens on property of a Person existing at the time such Person is merged into or
consolidated with the Borrower or any Subsidiary of the Borrower or becomes a Subsidiary of the Borrower; provided that such Liens were not created in contemplation of such merger, consolidation or acquisition and do not extend to any assets
other than those of the Person so merged into or consolidated with the Borrower or such Subsidiary or acquired by the Borrower or such Subsidiary, 
 (v) assignments of the right to receive income or Liens that arise in connection with receivables securitization programs, in an aggregate principal amount not to exceed the amount specified therefor in
Section 5.02(d)(v) at any time outstanding (for purposes of this clause (iv), the “principal amount” of a receivables securitization program shall mean the Invested Amount), and 
 (vi) Liens securing Debt of Subsidiaries of the Borrower organized under the laws of any country other than the United States of America
or a State thereof, which Debt is permitted under Section 5.02(d), 
 (vii) Liens securing contingent obligations in
respect of acceptances, letters of credit, bank guarantees, surety bonds or similar extensions of credit, 
 (viii) other
Liens securing Debt in an aggregate principal amount not to exceed the amount specified therefor in Section 5.02(d)(iv) at any time outstanding, 
  

 24 

 (ix) Liens that are within the general parameters customary in the industry and incurred
in the ordinary course of business securing Debt under Hedge Agreements designed solely to protect the Borrower or any of its Subsidiaries from fluctuations in interest rates, currencies or the price of commodities, 
 (x) Liens arising in connection with obligations permitted under Section 5.02(d)(ix), provided that such Liens shall not
extend beyond the amounts on deposit in such deposit accounts, and 
 (xi) the replacement, extension or renewal of any Lien
permitted by clause (iii) or (iv) above upon or in the same property theretofore subject thereto or the replacement, extension or renewal (without increase in the amount or change in any direct or contingent obligor) of the Debt secured
thereby. 
 (b) Mergers, Etc. Merge or consolidate with or into
any Person, or permit any of its Subsidiaries to do so, except (i) that any Subsidiary of the Borrower may merge or consolidate with or into any other Subsidiary of the Borrower, (ii) any Subsidiary of the Borrower may merge into the
Borrower and (iii) any Subsidiary of the Borrower and the Borrower may merge with any other Person so long as a result of one or a series of transactions, a Subsidiary or, if the Borrower is a party to such transaction, the Borrower is the
surviving entity, provided, in each case, that no Default shall have occurred and be continuing at the time of such proposed transaction or would result therefrom. 
 (c) Accounting Changes. Make or permit, or permit any of its Subsidiaries to make or permit, any change in accounting policies or
reporting practices, except as required or permitted by United States generally accepted accounting principles. 
 (d)
Subsidiary Debt. Permit any of its Subsidiaries to create or suffer to exist, any Debt other than: 
 (i) Debt owed to
the Borrower or to a wholly owned Subsidiary of the Borrower or under this Agreement or the Notes, 
 (ii) Debt existing on
the Effective Date and described on Schedule 5.02(d) hereto (the “Existing Debt”), 
 (iii) Debt secured
by Liens permitted by Section 5.02(a)(ii) aggregating for the Borrower and all of the Borrower’s Subsidiaries not more than $25,000,000 at any one time outstanding, 
 (iv) Debt that, in aggregate with (but without duplication of) all Debt secured by Liens permitted by Section 5.02(a)(viii), does not
exceed $75,000,000 at any one time outstanding, 
 (v) Debt incurred or assumed or acquired by Subsidiaries of the Borrower
organized under the laws of any country other than the United States of America or a State thereof aggregating for all such Subsidiaries of not more than $275,000,000 at any one time outstanding, 
 (vi) Debt arising in connection with receivables securitization programs, in an aggregate principal amount not to exceed $650,000,000 at
any time outstanding (for purposes of this clause (v), the “principal amount” of a receivables securitization program shall mean the Invested Amount), 
 (vii) obligations of any Subsidiary of the Borrower organized under the laws of any country other than the United States of America or a
State thereof under any Hedge Agreements 

  

 25 

 
entered into in the ordinary course of business to protect the Borrower and its Subsidiaries against fluctuations in interest or exchange rates, 

(viii) contingent obligations in respect of acceptances, letters of credit, bank guarantees, surety bonds or similar extensions of
credit, 
 (ix) obligations which in aggregate do not exceed $50,000,000 arising in connection with the administration and
operation of deposit accounts of the Borrower and any of its Subsidiaries organized under the laws of any country other than the United States of America or a State thereof in connection with cross-border, multiple currency cash pooling
arrangements, including overdraft facilities, 
 (x) Debt of a Person at the time such Person is merged into or consolidated
with any Subsidiary of the Company or becomes a Subsidiary of the Company; provided that such Debt was not created in contemplation of such merger, consolidation or acquisition, 
 (xi) any Debt extending the maturity of, or refunding or refinancing, in whole or in part, the Existing Debt and Debt permitted under
clause (x) above, provided that the principal amount of such Debt shall not be increased above the principal amount thereof outstanding immediately prior to such extension, refunding or refinancing, and the direct and contingent obligors
therefor shall not be changed, as a result of or in connection with such extension, refunding or refinancing, and 
 (xii)
endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business. 
 (e) Sales, Etc. of Assets. Sell, lease, transfer or otherwise dispose of, or permit any of its Subsidiaries to sell, lease, transfer or otherwise dispose of, any assets, or grant any option or other right to purchase, lease or
otherwise acquire any assets, except (i) sales of inventory in the ordinary course of its business or sales of scrap or obsolete material or equipment, (ii) sales or dispositions of assets in connection with a receivables securitization
program to the extent authorized by Section 5.02(d)(v), (iii) in a transaction authorized by Section 5.02(b), (iv) sales or dispositions between or among the Borrower and its wholly-owned Subsidiaries, (v) sales of property
in connection with a sale and leaseback transaction provided that the net present value of the aggregate rental obligations under such leases or contracts (discounted at the implied interest rate of such lease or contract) does not exceed 10% of the
Consolidated total assets of the Borrower and its Subsidiaries and (vi) sales of assets for fair value. 
 (f) Change
in Nature of Business. Make, or permit any of its Subsidiaries to make, any material change in the nature of its business from the business as carried on by the Borrower and its Subsidiaries at the date hereof. 
 (g) Payment Restrictions Affecting Subsidiaries. Directly or indirectly, enter into or suffer to exist, or permit any of its
Subsidiaries to enter into or suffer to exist, any agreement or arrangement limiting the ability of any of its Subsidiaries to declare or pay dividends or other distributions in respect of its capital stock (whether through a covenant restricting
dividends, a financial covenant or otherwise), except (i) this Agreement, (ii) any agreement or instrument evidencing Existing Debt and (iii) any agreement in effect at the time such Subsidiary becomes a Subsidiary of the Borrower, so
long as such agreement was not entered into solely in contemplation of such Person becoming a Subsidiary of the Borrower. 
 SECTION 5.03.
Financial Covenants. From and after the date hereof, so long as any Advance shall remain unpaid or any Lender shall have any Commitment hereunder, the Borrower will: 
  

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 (a) Debt to EBITDA Ratio. Maintain a ratio of (i) Debt as of any date to
(ii) Consolidated EBITDA of the Borrower and its Consolidated Subsidiaries for the period of four fiscal quarters most recently ended, of not greater than 3.5 to 1.0. 
 (b) Interest Coverage Ratio. Maintain a ratio of (i) Consolidated EBITDA of the Borrower and its Consolidated Subsidiaries for
the period of four fiscal quarters then ended to (ii) interest payable on, and amortization of debt discount in respect of, all Debt during such period by the Borrower and its Consolidated Subsidiaries, of not less than 3.0 to 1.0. 

ARTICLE VI 
 EVENTS OF DEFAULT 

SECTION 6.01. Events of Default. If any of the following events (“Events of Default”) shall occur and be continuing:

 (a) The Borrower shall fail to pay any principal of any Advance when the same becomes due and payable; or the Borrower
shall fail to pay any interest on any Advance or make any other payment of fees or other amounts payable under this Agreement or any Note within three Business Days after the same becomes due and payable; or 
 (b) Any representation or warranty made by the Borrower herein or by the Borrower (or any of its officers) in connection with this
Agreement shall prove to have been incorrect in any material respect when made; or 
 (c) (i) The Borrower shall fail to
perform or observe any term, covenant or agreement contained in Section 5.01(d), (e), (h) or (i), 5.02 or 5.03, or (ii) the Borrower shall fail to perform or observe any other term, covenant or agreement contained in this Agreement on
its part to be performed or observed if such failure shall remain unremedied for 30 days after written notice thereof shall have been given to the Borrower by the Agent or any Lender; or 
 (d) The Borrower or any of its Subsidiaries shall fail to pay any principal of or premium or interest on any Debt that is outstanding in a
principal or notional amount of at least $50,000,000 in the aggregate (but excluding Debt outstanding hereunder) of the Borrower or such Subsidiary (as the case may be), when the same becomes due and payable (whether by scheduled maturity, required
prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt; or any other event shall occur or condition shall exist under
any agreement or instrument relating to any such Debt and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such event or condition is to accelerate, or to permit the acceleration
of, the maturity of such Debt; or any such Debt shall be declared to be due and payable, or required to be prepaid or redeemed (other than by a regularly scheduled required prepayment or redemption), required to be purchased or defeased, or an offer
to prepay, redeem, purchase or defease such Debt shall be required to be made, in each case prior to the stated maturity thereof; or 
 (e) The Borrower or any of its Subsidiaries shall generally not pay its debts as such debts become due, or shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or
any proceeding shall be instituted by or against the Borrower or any of its Subsidiaries seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or
composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian or other similar official for it
or for any substantial part of its property and, in the case of any such proceeding instituted against it (but not instituted by it), either such proceeding shall remain undismissed or unstayed for a period of 60 days, or any of the actions 

  

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sought in such proceeding (including, without limitation, the entry of an order for relief against, or the appointment of a receiver, trustee, custodian or
other similar official for, it or for any substantial part of its property) shall occur; or the Borrower or any of its Subsidiaries shall take any corporate action to authorize any of the actions set forth above in this subsection (e); or

 (f) Judgments or orders for the payment of money in excess of $50,000,000 in the aggregate shall be rendered against the
Borrower or any of its Subsidiaries and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (ii) there shall be any period of 30 consecutive days during which a stay of enforcement of
such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or 
 (g) (i) Any Person or
two or more Persons acting in concert (other than the Morean Group) shall have acquired beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934), directly or
indirectly, of Voting Stock of the Borrower (or other securities convertible into such Voting Stock) representing 30% or more of the combined voting power of all Voting Stock of the Borrower; or (ii) during any period of up to 12 consecutive
months, commencing before or after the date of this Agreement, individuals who at the beginning of such 12-month period were directors of the Borrower shall cease for any reason (other than due to death or disability) to constitute a majority of the
board of directors of the Borrower (except to the extent that individuals who at the beginning of such 12-month period were replaced by individuals (x) elected by a majority of the remaining members of the board of directors of the Borrower or
(y) nominated for election by a majority of the remaining members of the board of directors of the Borrower and thereafter elected as directors by the shareholders of the Borrower ); or 
 (h) The Borrower or any of its ERISA Affiliates shall incur, or shall be reasonably likely to incur liability in excess of $50,000,000 in
the aggregate as a result of one or more of the following: (i) the occurrence of any ERISA Event; (ii) the partial or complete withdrawal of the Borrower or any of its ERISA Affiliates from a Multiemployer Plan; or (iii) the
reorganization or termination of a Multiemployer Plan; 
 then, and in any such event, the Agent (i) shall at the request, or may with the consent, of
the Required Lenders, by notice to the Borrower, declare the obligation of each Lender to make Advances to be terminated, whereupon the same shall forthwith terminate, and (ii) shall at the request, or may with the consent, of the Required
Lenders, by notice to the Borrower, declare the Advances, all interest thereon and all other amounts payable under this Agreement to be forthwith due and payable, whereupon the Advances, all such interest and all such amounts shall become and be
forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrower; provided, however, that in the event of an actual or deemed entry of an order for
relief with respect to the Borrower under the any Bankruptcy Law, (A) the obligation of each Lender to make Advances shall automatically be terminated and (B) the Advances, all such interest and all such amounts shall automatically become
and be due and payable, without presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by the Borrower. 
 ARTICLE VII 
 THE AGENT 
 SECTION 7.01. Authorization and Action. Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by
the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Notes), the Agent shall
not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or such other
number of Lenders as required hereunder), and such instructions shall be binding upon all Lenders and all holders of Notes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal
liability or that is contrary to this Agreement or applicable law. 

  

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The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement. 
 SECTION 7.02. Agent’s Reliance, Etc. Neither the Agent nor any of its directors,
officers, agents or employees shall be liable for any action taken or omitted to be taken by it or them under or in connection with this Agreement, except for its or their own gross negligence or willful misconduct. Without limitation of the
generality of the foregoing, the Agent: (i) may treat the Lender that made any Advance as the holder of the Debt resulting therefrom until the Agent receives and accepts an Assignment and Acceptance entered into by such Lender, as assignor, and
an Eligible Assignee, as assignee, as provided in Section 8.07; (ii) may consult with legal counsel (including counsel for the Borrower), independent public accountants and other experts selected by it and shall not be liable for any
action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts; (iii) makes no warranty or representation to any Lender and shall not be responsible to any Lender for any
statements, warranties or representations (whether written or oral) made in or in connection with this Agreement; (iv) shall not have any duty to ascertain or to inquire as to the performance, observance or satisfaction of any of the terms,
covenants or conditions of this Agreement (except as expressly provided in Articled III) on the part of the Borrower or the existence at any time of any Default or to inspect the property (including the books and records) of the Borrower;
(v) shall not be responsible to any Lender for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of, or the perfection or priority of any lien or security interest created or purported to be created under
or in connection with, this Agreement or any other instrument or document furnished pursuant hereto; and (vi) shall incur no liability under or in respect of this Agreement by acting upon any notice, consent, certificate or other instrument or
writing (which may be by telecopier) believed by it to be genuine and signed or sent by the proper party or parties. 
 SECTION 7.03. CNAI
and Affiliates. With respect to its Commitments, the Advances made by it and the Note issued to it, CNAI shall have the same rights and powers under this Agreement as any other Lender and may exercise the same as though it were not the Agent;
and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated, include CNAI in its individual capacity. CNAI and its Affiliates may accept deposits from, lend money to, act as trustee under indentures of, accept
investment banking engagements from and generally engage in any kind of business with, the Borrower, any of its Subsidiaries and any Person who may do business with or own securities of the Borrower or any such Subsidiary, all as if CNAI were not
the Agent and without any duty to account therefor to the Lenders. The Agent shall have no duty to disclose any information obtained or received by it or any of its Affiliates relating to the Borrower or any of its Subsidiaries to the extent such
information was obtained or received in any capacity other than as Agent. In the event that CNAI or any of its Affiliates shall be or become an indenture trustee under the Trust Indenture Act of 1939 (as amended, the “Trust Indenture
Act”) in respect of any securities issued or guaranteed by the Borrower, the parties hereto acknowledge and agree that any payment or property received in satisfaction of or in respect of any obligation of the Borrower hereunder or under
any other Loan Document by or on behalf of CNAI in its capacity as the Agent for the benefit of any Lender under this Agreement or any Note (other than CNAI or an Affiliate of CNAI) and which is applied in accordance with this Agreement shall be
deemed to be exempt from the requirements of Section 311 of the Trust Indenture Act pursuant to Section 311(b)(3) of the Trust Indenture Act. 
 SECTION 7.04. Lender Credit Decision. Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender and based on the financial statements referred to in
Section 4.01 and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the
Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement. 
 SECTION 7.05. Indemnification. (a) Each Lender severally agrees to indemnify the Agent (to the extent not reimbursed by the Borrower) from
and against such Lender’s Ratable Share of any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or
asserted against the Agent (in its capacity as such) in any way relating to or arising out of this Agreement or any action taken or omitted by the Agent (in its capacity as such) under this Agreement (collectively, the “Indemnified
Costs”), provided that no Lender shall be liable for any portion of the Indemnified Costs resulting from the Agent’s gross negligence or willful misconduct. Without limitation of the foregoing, each Lender agrees to reimburse
the Agent promptly upon demand for its Ratable Share of any out- 

  

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of-pocket expenses (including reasonable counsel fees) incurred by the Agent (in its capacity as such) in connection with the preparation, execution,
delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, to the extent that the Agent is not
reimbursed for such expenses by the Borrower. In the case of any investigation, litigation or proceeding giving rise to any Indemnified Costs, this Section 7.05 applies whether any such investigation, litigation or proceeding is brought by the
Agent, any Lender or a third party. 
 (b) The failure of any Lender to reimburse the Agent promptly upon demand for its Ratable Share of any
amount required to be paid by the Lenders to the Agent as provided herein shall not relieve any other Lender of its obligation hereunder to reimburse the Agent for its Ratable Share of such amount, but no Lender shall be responsible for the failure
of any other Lender to reimburse the Agent for such other Lender’s Ratable Share of such amount. Without prejudice to the survival of any other agreement of any Lender hereunder, the agreement and obligations of each Lender contained in this
Section 7.05 shall survive the payment in full of principal, interest and all other amounts payable hereunder and under the Notes. The Agent agrees to return to the Lenders their respective Ratable Shares of any amounts paid under this
Section 7.05 that are subsequently reimbursed by the Borrower. 
 SECTION 7.06. Successor Agent. The Agent may resign at any time
by giving written notice thereof to the Lenders and the Borrower and may be removed at any time with or without cause by the Required Lenders. Upon any such resignation or removal, the Required Lenders shall have the right to appoint a successor
Agent with the consent, not to be unreasonably withheld or delayed and so long as no Event of Default has occurred and is continuing, of the Borrower. If no successor Agent shall have been so appointed by the Required Lenders, and shall have
accepted such appointment, within 30 days after the retiring Agent’s giving of notice of resignation or the Required Lenders’ removal of the retiring Agent, then the retiring Agent may, on behalf of the Lenders, appoint a successor Agent,
which shall be a commercial bank organized under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $500,000,000. Upon the acceptance of any appointment as Agent hereunder by a
successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, discretion, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under
this Agreement. After any retiring Agent’s resignation or removal hereunder as Agent, the provisions of this Article VIII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this
Agreement. 
 SECTION 7.07. Other Agents. Each Lender hereby acknowledges that neither the documentation agent nor any other Lender
designated as any “Agent” on the signature pages hereof has any liability hereunder other than in its capacity as a Lender. 
 ARTICLE VIII 
 MISCELLANEOUS 
 SECTION 8.01. Amendments, Etc. No amendment or waiver of any provision of this Agreement or the Notes, nor consent to any departure by the Borrower therefrom, shall in any event be effective unless the same shall be in writing and
signed by the Required Lenders, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no amendment, waiver or consent shall, unless in
writing and signed by all the Lenders, do any of the following: (a) waive any of the conditions specified in Section 3.01, (b) increase the Commitments of the Lenders, (c) reduce the principal of, or interest on, the Advances or
any fees or other amounts payable hereunder, (d) postpone any date fixed for any payment of principal of, or interest on, the Advances or any fees or other amounts payable hereunder, (e) change the percentage of the Commitments or of the
aggregate unpaid principal amount of the Advances, or the number of Lenders, that shall be required for the Lenders or any of them to take any action hereunder or (f) amend this Section 8.01; and provided further that no amendment,
waiver or consent shall, unless in writing and signed by the Agent in addition to the Lenders required above to take such action, affect the rights or duties of the Agent under this Agreement or any Note. 
 SECTION 8.02. Notices, Etc. (a) All notices and other communications provided for hereunder shall be either (x) in writing (including
telecopier communication) and mailed, telecopied or delivered or (y) as and to the extent set forth in Section 8.02(b) and in the proviso to this Section 8.02(a), if to the Borrower, at the Borrower’s address at 10506
Dr. Martin Luther King, Jr. Street North, St. Petersburg, Florida 33716, Attention: 

  

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Treasurer; if to any Initial Lender, at its Domestic Lending Office specified opposite its name on Schedule I hereto; if to any other Lender, at its
Domestic Lending Office specified in the Assignment and Acceptance pursuant to which it became a Lender; and if to the Agent, at its address at Two Penns Way, New Castle, Delaware 19720, Attention: Bank Loan Syndications Department; or, as to the
Borrower or the Agent, at such other address as shall be designated by such party in a written notice to the other parties and, as to each other party, at such other address as shall be designated by such party in a written notice to the Borrower
and the Agent, provided that materials required to be delivered pursuant to Section 5.01(i)(i), (ii) or (iv) shall be delivered to the Agent as specified in Section 8.02(b) or as otherwise specified to the Borrower by the
Agent. All such notices and communications shall, when mailed, telecopied or e-mailed, be effective when deposited in the mails, telecopied (when confirmation is received) or confirmed by e-mail, respectively, except that notices and communications
to the Agent pursuant to Article II, III or VIII shall not be effective until received by the Agent, provided that notices of any kind shall be not be deemed received unless delivered during the recipient’s normal business hours. Delivery
by telecopier or e-mail of an executed counterpart of any amendment or waiver of any provision of this Agreement or the Notes or of any Exhibit hereto to be executed and delivered hereunder shall be effective as delivery of a manually executed
counterpart thereof. 
 (b) So long as CNAI or any of its Affiliates is the Agent, materials required to be delivered pursuant to
Section 5.01(i)(i), (ii) and (iv) shall be delivered to the Agent in an electronic medium in a format acceptable to the Agent and the Lenders by e-mail at oploanswebadmin@citigroup.com. The Borrower agrees that the Agent may make such
materials, as well as any other written information, documents, instruments and other material relating to the Borrower, any of its Subsidiaries or any other materials or matters relating to this Agreement, the Notes or any of the transactions
contemplated hereby (collectively, the “Communications”) available to the Lenders by posting such notices on Intralinks or a substantially similar electronic system (the “Platform”). The Borrower acknowledges that
(i) the distribution of material through an electronic medium is not necessarily secure and that there are confidentiality and other risks associated with such distribution, (ii) the Platform is provided “as is” and “as
available” and (iii) neither the Agent nor any of its Affiliates warrants the accuracy, adequacy or completeness of the Communications or the Platform and each expressly disclaims liability for errors or omissions in the Communications or
the Platform. No warranty of any kind, express, implied or statutory, including, without limitation, any warranty of merchantability, fitness for a particular purpose, non-infringement of third party rights or freedom from viruses or other code
defects, is made by the Agent or any of its Affiliates in connection with the Platform. 
 (c) Each Lender agrees that notice to it (as
provided in the next sentence) (a “Notice”) specifying that any Communications have been posted to the Platform shall constitute effective delivery of such information, documents or other materials to such Lender for purposes of
this Agreement; provided that if requested by any Lender the Agent shall deliver a copy of the Communications to such Lender by email or telecopier. Each Lender agrees (i) to notify the Agent in writing of such Lender’s e-mail
address to which a Notice may be sent by electronic transmission (including by electronic communication) on or before the date such Lender becomes a party to this Agreement (and from time to time thereafter to ensure that the Agent has on record an
effective e-mail address for such Lender) and (ii) that any Notice may be sent to such e-mail address. 
 SECTION 8.03. No Waiver;
Remedies. No failure on the part of any Lender or the Agent to exercise, and no delay in exercising, any right hereunder or under any Note shall operate as a waiver thereof; nor shall any single or partial exercise of any such right 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. 
 SECTION 8.04. Costs and Expenses. (a) The Borrower agrees to pay on demand all reasonable costs and expenses of the Agent in connection with the preparation, execution, delivery, administration,
modification and amendment of this Agreement, the Notes and the other documents to be delivered hereunder, including, without limitation, (A) all computer, duplication, appraisal, consultant, and audit expenses and (B) the reasonable fees
and expenses of counsel for the Agent with respect thereto and with respect to advising the Agent as to its rights and responsibilities under this Agreement. The Borrower further agrees to pay on demand all costs and expenses of the Agent and the
Lenders, if any (including, without limitation, reasonable counsel fees and expenses), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement, the Notes and the other documents to be
delivered hereunder, including, without limitation, reasonable fees and expenses of counsel for the Agent and each Lender in connection with the enforcement of rights under this Section 8.04(a). 
  

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 (b) The Borrower agrees to indemnify and hold harmless the Agent and each Lender and each of their
Affiliates and their officers, directors, employees, agents and advisors (each, an “Indemnified Party”) from and against any and all claims, damages, losses, liabilities and expenses (including, without limitation, reasonable fees
and expenses of counsel) incurred by or asserted or awarded against any Indemnified Party, in each case arising out of or in connection with or by reason of (including, without limitation, in connection with any investigation, litigation or
proceeding or preparation of a defense in connection therewith) (i) the Notes, this Agreement, any of the transactions contemplated herein or the actual or proposed use of the proceeds of the Advances or (ii) the actual or alleged presence
of Hazardous Materials on any property of the Borrower or any of its Subsidiaries or any Environmental Action relating in any way to the Borrower or any of its Subsidiaries, except, with respect to any Indemnified Party, to the extent such claim,
damage, loss, liability or expense resulted from such Indemnified Party’s gross negligence or willful misconduct. In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 8.04(b) applies, such
indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by the Borrower, its directors, equityholders or creditors or an Indemnified Party or any other Person, whether or not any Indemnified Party is
otherwise a party thereto and whether or not the transactions contemplated hereby are consummated. The Borrower also agrees not to assert any claim for special, indirect, consequential or punitive damages against the Agent, any Lender, any of their
Affiliates, or any of their respective directors, officers, employees, attorneys and agents, on any theory of liability, arising out of or otherwise relating to the Notes, this Agreement, any of the transactions contemplated herein or the actual or
proposed use of the proceeds of the Advances. 
 (c) If any payment of principal of, or Conversion of, any Eurodollar Rate Advance is made by
the Borrower to or for the account of a Lender (i) other than on the last day of the Interest Period for such Advance, as a result of a payment or Conversion pursuant to Section 2.07, 2.09 or 2.11, acceleration of the maturity of the Notes
pursuant to Section 6.01 or for any other reason, or by an Eligible Assignee to a Lender other than on the last day of the Interest Period for such Advance upon an assignment of rights and obligations under this Agreement pursuant to
Section 8.07 as a result of a demand by the Borrower pursuant to Section 8.07(a) or (ii) as a result of a payment or Conversion pursuant to Section 2.07, 2.09 or 2.11, the Borrower shall, upon demand by such Lender (with a copy
of such demand to the Agent), pay to the Agent for the account of such Lender any amounts required to compensate such Lender for any additional losses, costs or expenses that it may reasonably incur as a result of such payment or Conversion,
including, without limitation, any loss (including loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by any Lender to fund or maintain such Advance. 
 (d) Without prejudice to the survival of any other agreement of the Borrower hereunder, the agreements and obligations of the Borrower contained in
Sections 2.10, 2.13 and 8.04 shall survive the payment in full of principal, interest and all other amounts payable hereunder and under the Notes. 
 SECTION 8.05. Right of Set-off. Upon (i) the occurrence and during the continuance of any Event of Default and (ii) the making of the request or the granting of the consent specified by
Section 6.01 to authorize the Agent to declare the Advances due and payable pursuant to the provisions of Section 6.01, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent
permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such Lender or such Affiliate to or for the credit or the account of
the Borrower or the Borrower against any and all of the obligations of the Borrower or the Borrower now or hereafter existing under this Agreement and the Note held by such Lender, whether or not such Lender shall have made any demand under this
Agreement or such Note and although such obligations may be unmatured. Each Lender agrees promptly to notify the Borrower after any such set-off and application, provided that the failure to give such notice shall not affect the validity of
such set-off and application. The rights of each Lender and its Affiliates under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) that such Lender and its Affiliates may have.

 SECTION 8.06. Binding Effect. This Agreement shall become effective (other than Section 2.01, which shall only become
effective upon satisfaction of the conditions precedent set forth in Section 3.01) when it shall have been executed by the Borrower and the Agent and when the Agent shall have been notified by each Initial Lender that such Initial Lender has
executed it and thereafter shall be binding upon and inure to the benefit of the Borrower, the Agent and each Lender and their respective successors and assigns, except that the Borrower shall not have the right to assign its rights hereunder or any
interest herein without the prior written consent of the Lenders. 
  

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 SECTION 8.07. Assignments and Participations. (a) Each Lender may and, if demanded by the
Borrower (so long as no Default shall have occurred and be continuing and following a demand by such Lender pursuant to Section 2.10 or 2.13 or an assertion of illegality pursuant to Section 2.11) will upon at least five Business
Days’ notice to such Lender and the Agent, assign to one or more Persons all or a portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of its Commitment, the Advances owing to it and the
Note or Notes held by it); provided, however, that (i) each such assignment shall be of a constant, and not a varying, percentage of all rights and obligations under this Agreement, (ii) except in the case of an assignment to
a Person that, immediately prior to such assignment, was a Lender or an assignment of all of a Lender’s rights and obligations under this Agreement, the amount of the Commitment of the assigning Lender being assigned pursuant to each such
assignment (determined as of the date of the Assignment and Acceptance with respect to such assignment) shall in no event be less than $10,000,000 or an integral multiple of $1,000,000 in excess thereof, unless the Borrower and the Agent otherwise
agree, (iii) each such assignment shall be to an Eligible Assignee, (iv) each such assignment made as a result of a demand by the Borrower pursuant to this Section 8.07(a) shall be arranged by the Borrower after consultation with the
Agent and shall be either an assignment of all of the rights and obligations of the assigning Lender under this Agreement or an assignment of a portion of such rights and obligations made concurrently with another such assignment or other such
assignments that together cover all of the rights and obligations of the assigning Lender under this Agreement, (v) no Lender shall be obligated to make any such assignment as a result of a demand by the Borrower pursuant to this
Section 8.07(a) unless and until such Lender shall have received one or more payments from either the Borrower or one or more Eligible Assignees in an aggregate amount at least equal to the aggregate outstanding principal amount of the Advances
owing to such Lender, together with accrued interest thereon to the date of payment of such principal amount and all other amounts payable to such Lender under this Agreement, and (vi) the parties to each such assignment shall execute and
deliver to the Agent, for its acceptance and recording in the Register, an Assignment and Acceptance, together with any Note subject to such assignment and a processing and recordation fee of $3,500 payable by the parties to each such assignment,
provided, however, that in the case of each assignment made as a result of a demand by the Borrower, such recordation fee shall be payable by the Borrower except that no such recordation fee shall be payable in the case of an
assignment made at the request of the Borrower to an Eligible Assignee that is an existing Lender. Upon such execution, delivery, acceptance and recording, from and after the effective date specified in each Assignment and Acceptance, (x) the
assignee thereunder shall be a party hereto with respect to the interest assigned and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and Acceptance, have the rights and obligations of a
Lender hereunder, in addition to any rights and obligations theretofore held by it as a Lender, and (y) the Lender assignor thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to such
Assignment and Acceptance, relinquish its rights (other than its rights under Sections 2.10, 2.13 and 8.04 to the extent any claim thereunder relates to an event arising prior to such assignment) and be released from its obligations (other than its
obligations under Section 7.05 to the extent any claim thereunder relates to an event arising prior to such assignment) under this Agreement (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning
Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto). 
 (b) By executing and delivering
an Assignment and Acceptance, the Lender assignor thereunder and the assignee thereunder confirm to and agree with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Acceptance, such assigning
Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness,
sufficiency or value of, or the perfection or priority of any lien or security interest created or purported to be created under or in connection with, this Agreement or any other instrument or document furnished pursuant hereto; (ii) such
assigning Lender makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrower or the performance or observance by the Borrower of any of its obligations under this Agreement or any other
instrument or document furnished pursuant hereto; (iii) such assignee confirms that, to the extent it has so requested, it has received a copy of this Agreement, together with copies of the financial statements referred to in Section 4.01
and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance; (iv) such assignee will, independently and without reliance upon the Agent, such
assigning Lender or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement; (v) such assignee confirms
that it is an Eligible Assignee; (vi) such assignee appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof,
together with such powers and discretion as are 

  

 33 

 
reasonably incidental thereto; and (vii) such assignee agrees that it will perform in accordance with their terms all of the obligations that by the
terms of this Agreement are required to be performed by it as a Lender. 
 (c) Upon its receipt of an Assignment and Acceptance executed by
an assigning Lender and an assignee representing that it is an Eligible Assignee, together with any Note or Notes subject to such assignment, the Agent shall, if such Assignment and Acceptance has been completed and is in substantially the form of
Exhibit C hereto, (i) accept such Assignment and Acceptance, (ii) record the information contained therein in the Register and (iii) give prompt notice thereof to the Borrower. 
 (d) The Agent shall maintain at its address referred to in Section 8.02 a copy of each Assignment and Acceptance delivered to and accepted by it and
a register for the recordation of the names and addresses of the Lenders and the Commitment of, and principal amount of the Advances owing to, each Lender from time to time (the “Register”). The entries in the Register shall be
conclusive and binding for all purposes, absent manifest error, and the Borrower, the Agent and the Lenders may treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this Agreement. The Register shall be
available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice. 
 (e) Each
Lender may sell participations to one or more banks or other entities (other than the Borrower or any of its Affiliates) in or to all or a portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of
its Commitment, the Advances owing to it and any Note or Notes held by it); provided, however, that (i) such Lender’s obligations under this Agreement (including, without limitation, its Commitment to the Borrower hereunder)
shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, (iii) such Lender shall remain the holder of any such Note for all purposes of this Agreement,
(iv) the Borrower, the Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and (v) no participant under any such
participation shall have any right to approve any amendment or waiver of any provision of this Agreement or any Note, or any consent to any departure by the Borrower, except to the extent that such amendment, waiver or consent would reduce the
principal of, or interest on, the Notes or any fees or other amounts payable hereunder, in each case to the extent subject to such participation, or postpone any date fixed for any payment of principal of, or interest on, the Notes or any fees or
other amounts payable hereunder, in each case to the extent subject to such participation. 
 (f) Any Lender may, in connection with any
assignment or participation or proposed assignment or participation pursuant to this Section 8.07, disclose to the assignee or participant or proposed assignee or participant, any information relating to the Borrower furnished to such Lender by
or on behalf of the Borrower; provided that, prior to any such disclosure, the assignee or participant or proposed assignee or participant shall agree to preserve the confidentiality of any Borrower Information relating to the Borrower
received by it from such Lender in accordance with Section 8.08 hereof. 
 (g) Notwithstanding any other provision set forth in this
Agreement, any Lender may at any time, without notice to or consent of any Person, assign, pledge or create a security interest in all or any portion of its rights under this Agreement (including, without limitation, the Advances owing to it and any
Note or Notes held by it) in favor of any Federal Reserve Bank in accordance with Regulation A of the Board of Governors of the Federal Reserve System. 
 SECTION 8.08. Confidentiality. Neither the Agent nor any Lender may disclose to any Person any confidential, proprietary or non-public information of the Borrower furnished to the Agent or the Lenders by the
Borrower (such information being referred to collectively herein as the “Borrower Information”), except that each of the Agent and each of the Lenders may disclose Borrower Information (i) to its and its affiliates’
employees, officers, directors, agents and advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Borrower Information and instructed to keep such Borrower Information
confidential on substantially the same terms as provided herein), (ii) to the extent requested by any regulatory authority, (iii) to the extent required by applicable laws or regulations or by any subpoena or similar legal process,
(iv) to any other party to this Agreement, (v) to the extent reasonably required in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder,
(vi) subject to an agreement containing provisions substantially the same as those of this Section 8.08, to any assignee or participant or prospective assignee or participant or to any direct, indirect, actual or prospective 

  

 34 

 
counterparty (and its advisor) to any swap, derivative or securitization transaction entered into in connection with this Credit Agreement, (vii) to the
extent such Borrower Information (A) is or becomes generally available to the public on a non-confidential basis other than as a result of a breach of this Section 8.08 by the Agent or such Lender, or (B) is or becomes available to
the Agent or such Lender on a nonconfidential basis from a source other than the Borrower and (viii) with the consent of the Borrower. This Section 8.08 does not supersede any other confidentiality agreements executed by the Agent or any
Lender in favor of the Borrower. 
 SECTION 8.09. Governing Law. This Agreement and the Notes shall be governed by, and construed in
accordance with, the laws of the State of New York. 
 SECTION 8.10. Execution in Counterparts. This Agreement may be executed in
any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an
executed counterpart of a signature page to this Agreement by telecopier shall be effective as delivery of a manually executed counterpart of this Agreement. 
 SECTION 8.11. Jurisdiction, Etc. (a) Each of the parties hereto hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any New York State
court or federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or the Notes, or for recognition or enforcement
of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in any such New York State court or, to the extent permitted
by law, in such federal court. The Borrower hereby further irrevocably consent to the service of process in any action or proceeding in such courts by the mailing thereof by any parties hereto by registered or certified mail, postage prepaid, to the
Borrower at its address specified pursuant to Section 8.02. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in
any other manner provided by law. Nothing in this Agreement shall affect any right that any party may otherwise have to bring any action or proceeding relating to this Agreement or the Notes in the courts of any jurisdiction. 
 (b) Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that it
may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or the Notes in any New York State or federal court. Each of the parties hereto hereby irrevocably waives, to the
fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 
 SECTION 8.12. Patriot Act Notice. Each Lender and the Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record
information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender or the Agent, as applicable, to identify the Borrower in accordance with the Patriot Act. The
Borrower shall provide such information and take such actions as are reasonably requested by the Agent or any Lenders in order to assist the Agent and the Lenders in maintaining compliance with the Patriot Act. 
  

 35 

 SECTION 8.13. Waiver of Jury Trial. Each of the Borrower, the Agent and the Lenders hereby
irrevocably waives all right to trial by jury in any action, proceeding or counterclaim (whether based on contract, tort or otherwise) arising out of or relating to this Agreement or the Notes or the actions of the Agent or any Lender in the
negotiation, administration, performance or enforcement thereof. 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed by their respective officers thereunto duly authorized, as of the date first above written. 
  

			
	JABIL CIRCUIT, INC.
		
	By:	 	 /s/ Sergio Cadvid

	Title:	 	Treasurer
	
	 CITICORP NORTH AMERICA, INC.,
     as Agent

		
	By:	 	 /s/ Kevin Ege

	Title:	 	Vice President

  

 36 

			
	Initial Lenders
	
	CITICORP NORTH AMERICA, INC.
		
	By:	 	 /s/ Kevin Ege

	Title:	 	Vice President
		 	JPMORGAN CHASE BANK, N.A.
		
	By:	 	 /s/ Steve Prichett

	Title:	 	Senior Vice President
	
	THE ROYAL BANK OF SCOTLAND PLC
		
	By:	 	 /s/ Eddie Dec

	Title:	 	Senior Vice President
	
	ABN AMRO BANK N.V.
		
	By:	 	 /s/ Frances O’R. Logan

	Title:	 	Managing Director
		
	By:	 	 /s/ Chris Lo

	Title:	 	Assistant Vice President
	
	SUNTRUST BANK
		
	By:	 	 /s/ Jeffrey Titus

	Title:	 	Managing Director

  

 37 

 SCHEDULE I 
 JABIL CIRCUIT, INC. 
 BRIDGE CREDIT AGREEMENT 
 APPLICABLE LENDING OFFICES 
  

								
	 Name of Initial Lender
	  	Commitment	  	 Domestic Lending Office
	  	 Eurodollar Lending Office

	 Citicorp North America, Inc.
	  	$	350,000,000	  	 2 Penns Way, Suite 200
 New Castle, DE
19720
 Attn: Christina Quezon
 T: 302 894-6037
 F: 212 994-0961
	  	 2 Penns Way, Suite 200
 New Castle, DE
19720
 Attn: Christina Quezon
 T: 302 894-6037
 F: 212 994-0961

	 JPMorgan Chase Bank, N.A.
	  	$	350,000,000	  	 One Bank One Plaza
 Mail Code IL1-0010
 Chicago, IL 60670
 Attn: Tess Siao
 T: 312 385-7051
 F: 312 385-7097
	  	 One Bank One Plaza
 Mail Code IL1-0010
 Chicago, IL 60670
 Attn: Tess Siao
 T: 312 385-7051
 F: 312 385-7097

	 The Royal Bank of Scotland plc
	  	$	170,000,000	  	 101 Park Avenue
 New York, NY 10178
 Attn: Sheila Shaw
 T: 212 401-1406
 F: 212 401-1336
	  	 101 Park Avenue
 New York, NY 10178
 Attn: Sheila Shaw
 T: 212 401-1406
 F: 212 401-1336

	 ABN AMRO Bank N.V.
	  	$	65,000,000	  	 540 West Madison Street
 Suite 2100
 Chicago, IL
 Attn: Loan Administration
 T: 312 992-5152
 F: 312 992-5157
	  	 540 West Madison Street
 Suite 2100
 Chicago, IL
 Attn: Loan Administration
 T: 312 992-5152
 F: 312 992-5157

	 SunTrust Bank
	  	$	65,000,000	  	 200 South Orange Avenue
 Orlando, FL 32812

Attn: Lois Keezel
 T: 407 237-4855
 F: 407 237-5342
	  	 200 South Orange Avenue
 Orlando, FL 32812

Attn: Lois Keezel
 T: 407 237-4855
 F: 407 237-5342

	 Total of Commitments:
	  	$	1,000,000,000	  		  	

 SCHEDULE 3.01(b) 
 DISCLOSED LITIGATION 
 LITIGATION 
 We are party to certain lawsuits in the ordinary course of business. We do not believe that an adverse outcome of any of these lawsuits will have a material adverse effect on our business, financial condition, or
operations, taken as a whole, except that we and certain of our directors and current and former officers are defendants in various law suits that relate in whole or in part to our historical stock option practices. Such suits and related matters
include four purported derivative actions, three purported federal securities law class actions, an SEC Informal Inquiry and our receipt of a subpoena from the U.S. Attorneys Office for the Southern District of New York. We have also received a
letter from a lawyer purporting to represent one of our shareholders alleging that some of our directors and officers have realized profits on transactions relating to our securities that are purportedly recoverable by us under the so called
“short swing profit” rules of Section 16 of the Securities Exchange Act of 1934. The accounting associated with our historical stock option practices remains under review as well by parties involved with the foregoing, as well as our
independent registered auditors. We have publicly announced that we will be restating our historical financial statements, with the amounts and time periods affected still under review. A Special Review Committee of our Board of Directors was
appointed in response to certain of the derivative actions and, as recently publicly announced, the Audit Committee of our Board of Directors is also looking at various accounting issues unrelated to our historical stock option practices, including
our historical recognition of revenue. Additional suits, investigations, subpoenas, IRS audits or requests or other matters could emanate from a review by any one or more of the foregoing parties or others as a result of any one or more of the
foregoing matters. 

 SCHEDULE 5.02(a) 
 EXISTING LIENS 
 EXISTING LIENS 
 Liens on equipment in favor of lessors under capital leases identified in Schedule 5.02(d). 
 Liens on equipment in
favor of lessors under synthetic leases identified in Schedule 5.02(d). 
 Utility deposits for world wide operations less than or equal to
$1,000,000. 
 Liens on cars in India less than or equal to $25,000. 

 SCHEDULE 5.02(d) 
 EXISTING SUBSIDIARY DEBT 
 EXISTING SUBSIDIARY DEBT 
  

				
	EXISTING INDEBTEDNESS	  	 
	 	  	November 30th, 2006
	 Notes Payable, long-term debt and long-term lease obligations:
	  		
	 Borrowings under revolving credit facility with Ukrainian bank
	  	$	11,000
	 Borrowings under revolving credit facility with Chinese Bank
	  	 	1,915,000
	 Borrowings under revolving credit facility with Indian Bank(s)
	  	 	36,389,000
	 Borrowings for car loans
	  	 	25,000
	 Promissory Notes with Ukrainian bank
	  	 	1,487,867
	 Financing Obligation-Scotland Ayr
	  	 	5,291,000
	 Indian construction loan
	  	 	8,941,000
	 Hungarian construction loan
	  	 	26,427,844
	 North America Securitization
	  	 	266,151,000
	 Long-term capital lease obligations
	  	 	156,600
		  	 	 
	 Total
	  	$	346,795,311
		  	 	 
	 Synthetic leases for aircraft
	  	$	13,772,035
		  	 	 
	 Contingent obligations
	  	$	61,300,236
		  	 	 

 EXHIBIT A - FORM OF 
 PROMISSORY NOTE 
  

			
	U.S.$                    	  	Dated:                      200  

 FOR VALUE RECEIVED, the undersigned, JABIL CIRCUIT, INC., a Delaware corporation (the
“Borrower”), HEREBY PROMISES TO PAY to the order of
                                        
(the “Lender”) for the account of its Applicable Lending Office on the Termination Date (each as defined in the Credit Agreement referred to below) the principal sum of U.S.$[amount of the Lender’s Commitment in figures] or, if
less, the aggregate principal amount of the Advances made by the Lender to the Borrower pursuant to the Bridge Credit Agreement dated as of December 21, 2006 among the Borrower, the Lender and certain other lenders parties thereto, and Citicorp
North America, Inc., as Agent for the Lender and such other lenders (as amended or modified from time to time, the “Credit Agreement”; the terms defined therein being used herein as therein defined) outstanding on the Termination
Date. 
 The Borrower promises to pay interest on the unpaid principal amount of each Advance from the date of such Advance until such
principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement. 
 Both
principal and interest in respect of each Advance are payable in lawful money of the United States of America to the Agent at its account maintained at 388 Greenwich Street, New York, New York 10013, in same day funds. Each Advance owing to the
Lender by the Borrower pursuant to the Credit Agreement, and all payments made on account of principal thereof, shall be recorded by the Lender and, prior to any transfer hereof, endorsed on the grid attached hereto which is part of this Promissory
Note. 
 This Promissory Note is one of the Notes referred to in, and is entitled to the benefits of, the Credit Agreement. The Credit
Agreement, among other things, (i) provides for the making of Advances by the Lender to the Borrower from time to time in an aggregate amount not to exceed at any time outstanding the U.S. dollar amount first above mentioned, the indebtedness
of the Borrower resulting from each such Advance being evidenced by this Promissory Note and (ii) contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for prepayments on account of
principal hereof prior to the maturity hereof upon the terms and conditions therein specified. 
  

			
	JABIL CIRCUIT, INC.
		
	By	 	  

	Title:	 	

 ADVANCES AND PAYMENTS OF PRINCIPAL 
  

									
	 Date
	  	 Amount of
 Advance
	  	 Amount of
 Principal Paid
 or Prepaid
	  	 Unpaid Principal
 Balance
	  	 Notation
 Made By

  

 2 

 EXHIBIT B - FORM OF NOTICE OF 
 BORROWING 
 Citicorp North America, Inc., as Agent 
     for the Lenders parties 
     to the Credit Agreement 
     referred to below 
     Two Penns
Way 
     New Castle, Delaware 19720 
 [Date] 
 Attention: Bank Loan Syndications Department 
 Ladies and Gentlemen: 
 The undersigned, JABIL CIRCUIT, INC., refers to the Bridge Credit Agreement, dated as
of December 21, 2006 (as amended or modified from time to time, the “Credit Agreement”, the terms defined therein being used herein as therein defined), among the undersigned, certain Lenders parties thereto and Citicorp North
America, Inc., as Agent for said Lenders, and hereby gives you notice, irrevocably, pursuant to Section 2.02 of the Credit Agreement that the undersigned hereby requests a Borrowing under the Credit Agreement, and in that connection sets forth
below the information relating to such Borrowing (the “Proposed Borrowing”) as required by Section 2.02(a) of the Credit Agreement: 
 (i) The Business Day of the Proposed Borrowing is                     , 200  . 
 (ii) The Type of Advances comprising the Proposed Borrowing is [Base Rate Advances] [Eurodollar Rate Advances]. 
 (iii) The aggregate amount of the Proposed Borrowing is
$                    . 
 (iv) The proceeds of the Proposed Borrowing will be used to finance [the Tender Offer] [the Merger] [general corporate purposes]. 
 [(v) The initial Interest Period for each Eurodollar Rate Advance made as part of the Proposed Borrowing is [one week]
[                     month[s]].] 
 The undersigned hereby certifies that the following statements are true on the date hereof, and will be true on the date of the Proposed Borrowing: 
 (A) the representations and warranties contained in Section 4.01 of the Credit Agreement (except the representations set forth in the
last sentence of subsection (e) thereof and in Section (f)(i) thereof) are correct, before and after giving effect to the Proposed Borrowing and to the application of the proceeds therefrom, as though made on and as of such date; and

 (B) no event has occurred and is continuing, or would result from such Proposed Borrowing
or from the application of the proceeds therefrom, that constitutes a Default. 
  

			
	Very truly yours,
	
	JABIL CIRCUIT, INC.
		
	By	 	  

	Title:	 	

  

 2 

 EXHIBIT C - FORM OF 
 ASSIGNMENT AND ACCEPTANCE 
 Reference is made to the Bridge Credit Agreement dated as of December 21,
2006 (as amended or modified from time to time, the “Credit Agreement”) among Jabil Circuit, Inc., a Delaware corporation (the “Borrower”), the Lenders (as defined in the Credit Agreement) and Citicorp North
America, Inc., as agent for the Lenders (the “Agent”). Terms defined in the Credit Agreement are used herein with the same meaning. 
 The “Assignor” and the “Assignee” referred to on Schedule I hereto agree as follows: 
 1. The Assignor hereby sells and assigns to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, an interest in and to the Assignor’s rights and obligations under the Credit Agreement as of the date hereof
equal to the percentage interest specified on Schedule 1 hereto of all outstanding rights and obligations under the Credit Agreement. After giving effect to such sale and assignment, the Assignee’s Commitment and the amount of the Advances
owing to the Assignee will be as set forth on Schedule 1 hereto. 
 2. The Assignor (i) represents and warrants that it is the
legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim known to it or created by it; (ii) makes no representation or warranty and assumes no responsibility with
respect to any statements, warranties or representations made in or in connection with the Credit Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of, or the perfection or priority of any lien or
security interest created or purported to be created under or in connection with, the Credit Agreement or any other instrument or document furnished pursuant thereto; (iii) makes no representation or warranty and assumes no responsibility with
respect to the financial condition of the Borrower or the performance or observance by the Borrower of any of its obligations under the Credit Agreement or any other instrument or document furnished pursuant thereto; and (iv) attaches the Note,
if any, held by the Assignor [and requests that the Agent exchange such Note for a new Note payable to the order of [the Assignee in an amount equal to the Commitment assumed by the Assignee pursuant hereto or new Notes payable to the order of the
Assignee in an amount equal to the Commitment assumed by the Assignee pursuant hereto and] the Assignor in an amount equal to the Commitment retained by the Assignor, if any, under the Credit Agreement[, respectively,] as specified on
Schedule 1 hereto]. 
 3. The Assignee (i) confirms that, to the extent it has so requested, it has received a copy of the Credit
Agreement, together with copies of the financial statements referred to in Section 4.01 thereof and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and
Acceptance; (ii) agrees that it will, independently and without reliance upon the Agent, the Assignor or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in taking or not taking action under the Credit Agreement; (iii) confirms that it is an Eligible Assignee; (iv) appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and
discretion under the Credit Agreement as are delegated to the Agent by the terms thereof, together with such powers and discretion as are reasonably incidental thereto; (v) agrees that it will perform in accordance with their terms all of the
obligations that by the terms of the Credit Agreement are required to be performed by it as a Lender; and (vi) attaches any U.S. Internal Revenue Service forms required under Section 2.13 of the Credit Agreement. 
 4. Following the execution of this Assignment and Acceptance, it will be delivered to the Agent for acceptance and recording by the Agent. The effective
date for this Assignment and Acceptance (the “Effective Date”) shall be the date of acceptance hereof by the Agent, unless otherwise specified on Schedule 1 hereto. 
 5. Upon such acceptance and recording by the Agent, as of the Effective Date, (i) the Assignee shall be a party to the Credit Agreement and, to the
extent provided in this Assignment and Acceptance, 

 
have the rights and obligations of a Lender thereunder and (ii) the Assignor shall, to the extent provided in this Assignment and Acceptance, relinquish
its rights and be released from its obligations under the Credit Agreement. 
 6. Upon such acceptance and recording by the Agent, from and
after the Effective Date, the Agent shall make all payments under the Credit Agreement and the Notes in respect of the interest assigned hereby (including, without limitation, all payments of principal, interest and commitment fees with respect
thereto) to the Assignee. The Assignor and Assignee shall make all appropriate adjustments in payments under the Credit Agreement and the Notes for periods prior to the Effective Date directly between themselves. 
 7. This Assignment and Acceptance shall be governed by, and construed in accordance with, the laws of the State of New York. 
 8. This Assignment and Acceptance may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of Schedule 1 to this Assignment and Acceptance by telecopier shall be effective as
delivery of a manually executed counterpart of this Assignment and Acceptance. 
 IN WITNESS WHEREOF, the Assignor and the Assignee have
caused Schedule 1 to this Assignment and Acceptance to be executed by their duly authorized representatives as of the date specified thereon. 
  

 2 

 Schedule 1 
 to 
 Assignment and Acceptance 
  

										
				
	 Percentage interest assigned:
	  			  			  	        	%
				
	 [Assignee’s Commitment:
	  	$	            	  			  		
				
	 Aggregate outstanding principal amount of Advances assigned:
	  			  	$	            	  		
				
	 Principal amount of Note payable to Assignee:
	  			  	$	            	  		
				
	 Principal amount of Note payable to Assignor:
	  			  			  		
				
	 Effective Date*:
                    , 200  
	  			  			  		

			
	[NAME OF ASSIGNOR], as Assignor
		
	By	 	  
	Title:	 	
	
	Dated:                     , 200  

			
	
	[NAME OF ASSIGNEE], as Assignee
		
	By	 	  
	Title:	 	
	
	Dated:                     , 200  

			
	
	Domestic Lending Office:
	            [Address]
	
	Eurodollar Lending Office:
	            [Address]

	*	This date should be no earlier than five Business Days after the delivery of this Assignment and Acceptance to the Agent. 

  

 3 

			
	 Accepted [and Approved]** this
                      day of
                    , 200  

	
	CITICORP NORTH AMERICA, INC., as Agent
		
	By	 	__________________________________________
	Title:	 	
	
	[Approved this                      day of
                    , 200  

  

			
	
	JABIL CIRCUIT, INC.
		
	By	 	                                      
                                        
      ]*
	Title:	 	

	**	Required if the Assignee is an Eligible Assignee solely by reason of clause (iii) or (iv) of the definition of “Eligible Assignee”. 

	*	Required if the Assignee is an Eligible Assignee solely by reason of clause (iii) or (iv) of the definition of “Eligible Assignee”. 

  

 4 

 EXHIBIT D - FORM OF 
 OPINION OF COUNSEL 
 FOR THE BORROWER 

 EXECUTION COPY 
 U.S. $1,000,000,000 
 BRIDGE CREDIT AGREEMENT 
 Dated as of December 21, 2006 
 Among 
 JABIL CIRCUIT, INC. 
 as
Borrower 
 and 
 THE
INITIAL LENDERS NAMED HEREIN 
 as Initial Lenders 
 and 
 CITICORP NORTH AMERICA, INC. 
 as Administrative Agent 
 and 
 JPMORGAN CHASE BANK, N.A. 
 as Syndication Agent 
 and 
 THE ROYAL BANK OF SCOTLAND PLC 
 ABN AMRO BANK N.V. 
 and 
 SUNTRUST BANK 
 as Documentation Agents 
 CITIGROUP
GLOBAL MARKETS INC. 
 J.P. MORGAN SECURITIES INC. 
 And 
 THE ROYAL BANK OF SCOTLAND PLC 
 as Joint Lead Arrangers and Joint Bookrunners 

 TABLE OF CONTENTS 
  

													
	 ARTICLE I
	  	
							
		 		 		 		 		  	 SECTION 1.01. Certain Defined Terms
	  	1
							
		 		 		 		 		  	 SECTION 1.02. Computation of Time Periods
	  	10
							
		 		 		 		 		  	 SECTION 1.03. Accounting Terms
	  	10
		
	 ARTICLE II
	  	
							
		 		 		 		 		  	 SECTION 2.01. The Advances
	  	10
							
		 		 		 		 		  	 SECTION 2.02. Making the Advances
	  	10
							
		 		 		 		 		  	 SECTION 2.03. Fees
	  	11
							
		 		 		 		 		  	 SECTION 2.04. Termination or Reduction of the Commitments
	  	11
							
		 		 		 		 		  	 SECTION 2.05. Repayment of Advances
	  	12
							
		 		 		 		 		  	 SECTION 2.06. Interest on Advances
	  	12
							
		 		 		 		 		  	 SECTION 2.07. Interest Rate Determination
	  	12
							
		 		 		 		 		  	 SECTION 2.08. Optional Conversion of Advances
	  	13
							
		 		 		 		 		  	 SECTION 2.09. Prepayments of Advances
	  	13
							
		 		 		 		 		  	 SECTION 2.10. Increased Costs
	  	14
							
		 		 		 		 		  	 SECTION 2.11. Illegality
	  	14
							
		 		 		 		 		  	 SECTION 2.12. Payments and Computations
	  	15
							
		 		 		 		 		  	 SECTION 2.13. Taxes
	  	15
							
		 		 		 		 		  	 SECTION 2.14. Sharing of Payments, Etc.
	  	17
							
		 		 		 		 		  	 SECTION 2.15. Evidence of Debt
	  	17
							
		 		 		 		 		  	 SECTION 2.16. Use of Proceeds
	  	18
		
	 ARTICLE III
	  	
							
		 		 		 		 		  	 SECTION 3.01. Conditions Precedent to Effectiveness of Section 2.01
	  	18

  

 i 

													
							
		 		 		 		 		  	SECTION 3.02. Conditions Precedent to Each Borrowing to Finance the Tender Offer and the Merger.	  	19
							
		 		 		 		 		  	SECTION 3.03. Conditions Precedent to Each Borrowing.	  	20
							
		 		 		 		 		  	SECTION 3.04. Determinations Under Section 3.01	  	20
		
	 ARTICLE IV
	  	
							
		 		 		 		 		  	SECTION 4.01. Representations and Warranties of the Borrower	  	20
		
	 ARTICLE V
	  	
							
		 		 		 		 		  	SECTION 5.01. Affirmative Covenants	  	22
							
		 		 		 		 		  	SECTION 5.02. Negative Covenants	  	24
							
		 		 		 		 		  	SECTION 5.03. Financial Covenants	  	26
		
	 ARTICLE VI
	  	
							
		 		 		 		 		  	SECTION 6.01. Events of Default	  	27
		
	ARTICLE VII	  	
							
		 		 		 		 		  	SECTION 7.01. Authorization and Action	  	28
							
		 		 		 		 		  	SECTION 7.02. Agent’s Reliance, Etc.	  	29
							
		 		 		 		 		  	SECTION 7.03. CNAI and Affiliates	  	29
							
		 		 		 		 		  	SECTION 7.04. Lender Credit Decision	  	29
							
		 		 		 		 		  	SECTION 7.05. Indemnification	  	29
							
		 		 		 		 		  	SECTION 7.06. Successor Agent	  	30
							
		 		 		 		 		  	SECTION 7.07. Other Agents.	  	30
		
	 ARTICLE VIII
	  	
							
		 		 		 		 		  	SECTION 8.01. Amendments, Etc.	  	30
							
		 		 		 		 		  	SECTION 8.02. Notices, Etc.	  	30
							
		 		 		 		 		  	SECTION 8.03. No Waiver; Remedies	  	31
							
		 		 		 		 		  	SECTION 8.04. Costs and Expenses	  	31

  

 ii 

													
							
		 		 		 		 		  	 SECTION 8.05. Right of Set-off
	  	32
							
		 		 		 		 		  	 SECTION 8.06. Binding Effect
	  	32
							
		 		 		 		 		  	 SECTION 8.07. Assignments and Participations
	  	33
							
		 		 		 		 		  	 SECTION 8.08. Confidentiality
	  	34
							
		 		 		 		 		  	 SECTION 8.09. Governing Law
	  	35
							
		 		 		 		 		  	 SECTION 8.10. Execution in Counterparts
	  	35
							
		 		 		 		 		  	 SECTION 8.11. Jurisdiction, Etc.
	  	35
							
		 		 		 		 		  	 SECTION 8.12. Patriot Act Notice
	  	35
							
		 		 		 		 		  	 SECTION 8.13. Waiver of Jury Trial
	  	36

  

 iii 

 Schedules 
 Schedule I
- List of Applicable Lending Offices 
 Schedule 3.01(b) - Disclosed Litigation 
 Schedule 5.02(a) - Existing Liens 
 Schedule 5.02(d) - Existing Debt 
 Exhibits 
 Exhibit A - Form of Note 
 Exhibit B - Form of Notice of Borrowing 
 Exhibit C - Form of Assignment and
Acceptance 
 Exhibit D - Form of Opinion of Counsel for the Borrower 
  

 iv

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