Document:

EX-4.5

 Exhibit 4.5 

LSI CORPORATION 
 2003
EQUITY INCENTIVE PLAN 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 

(SELL TO COVER) 
 Avago
Technologies Limited, a company organized under the laws of Singapore (the “Company”), pursuant to the LSI Corporation 2003 Equity Incentive Plan, as amended from time to time (the “Plan”), hereby
grants to the individual (“Participant”) listed in Section A (the “Award Summary”) of the Online Award Acceptance page (the “Award Acceptance Page”) of the Company’s Equity
Incentive Award Plan website administered by Morgan Stanley Smith Barney (“Plan Website”) to which this Restricted Stock Unit Award Agreement (this “Agreement”) is posted, an award of restricted stock
units (“Restricted Share Units” or “RSUs”). Each Restricted Share Unit represents the right to receive one ordinary share, no par value, of the Company (an “Ordinary Share”)
upon vesting of the Restricted Share Unit. This award of Restricted Share Units is subject to all of the terms and conditions set forth in this Agreement, the special provisions for Participant’s country of residence, if any, attached hereto as
Exhibit A, the Plan and the Plan Website, each of which are incorporated herein by reference. 
 Withholding Tax: Participant
understands that by accepting this award of Restricted Share Units on the Award Acceptance Page, Participant is affirmatively agreeing to the following (a “Sell to Cover”): 

Sell to Cover: Upon vesting of RSUs and release of the resulting Ordinary Shares, the Company, on the Participant’s behalf, will
instruct Morgan Stanley Smith Barney or such other agent instructed by the Company from time to time (collectively, the “Agent”) to sell that number of such Ordinary Shares determined in accordance with Section 2.6 of
this Agreement as may be necessary to satisfy any resulting Tax Obligations on the Company, and the Agent will remit the cash proceeds of such sale to the Company. The Company shall then make a cash payment equal to the required Tax Obligations from
the cash proceeds of such sale directly to the appropriate taxing authorities. 
 BY ACCEPTING THIS AWARD OF RESTRICTED STOCK UNITS,
PARTICIPANT 
 CONSENTS TO THE USE AND SHARING OF PARTICIPANT’S PERSONAL DATA AS SET 

FORTH IN THE APPLICABLE PROVISIONS IN EXHIBIT A 

ARTICLE I 

GENERAL 
 1.1 Defined
Terms. Capitalized terms not specifically defined herein shall have the meanings specified in the Plan. 
 1.2 General. Each
Restricted Share Unit shall constitute a non-voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to one outstanding Ordinary Share (subject to adjustment as provided in Section 4.3 of the Plan) solely for
purposes of the Plan and this Agreement. The Restricted Share Units shall be used solely as a device for the determination of the payment to eventually be made to the Participant if such Restricted Share Units vest pursuant to Section 2.3. The
Restricted Share Units shall not be treated as property or as a trust fund of any kind. 

  
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 1.3 Incorporation of Terms of Plan. RSUs are subject to the terms and conditions of the
Plan which are incorporated herein by reference. In the event of any inconsistency between the Plan and this Agreement, the terms of the Plan shall control. 

ARTICLE II 

GRANT OF RESTRICTED SHARE UNITS 

2.1 Grant of RSUs. In consideration of Participant’s past and/or continued employment with or service to the Company or a
Subsidiary and for other good and valuable consideration, effective as of the Grant Date set forth in the Award Summary (the “Grant Date”), the Company grants to Participant an award of RSUs as set forth in the Award Summary.

 2.2 Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value of an Ordinary Share on the date it
becomes vested. Unless and until the RSUs will have vested in the manner set forth in Article II hereof, Participant will have no right to payment of any such RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent an unsecured
obligation of the Company, payable (if at all) only from the general assets of the Company. 
 2.3 Vesting Schedule. Subject to
Section 2.4, the RSUs awarded hereby will vest and become nonforfeitable with respect to the applicable portion thereof according to the vesting schedule set forth on the Award Summary (the “Vesting Schedule”), subject
to Participant’s continued employment or services through such dates, as a condition to the vesting of the applicable installment of the RSU and the rights and benefits under this Agreement. Unless otherwise determined by the Committee, partial
employment or service, even if substantial, during any vesting period will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a Termination of Service as provided in
Section 2.4 below or under the Plan. 
 2.4 Change in Control Treatment. In the event the successor corporation in a Change in
Control refuses to assume or substitute for the RSUs in accordance with Section 9.1 of the Plan, the RSUs will vest as of immediately prior to such Change in Control. 

2.5 Forfeiture, Termination and Cancellation upon Termination of Service. Upon Participant’s Termination of Service for any or no
reason, the then-unvested RSUs subject to this Agreement (after giving effect to any accelerated vesting pursuant to Section 2.4) will thereupon be automatically forfeited, terminated and cancelled as of the applicable termination date without
payment of any consideration by the Company, and Participant, or Participant’s beneficiary or personal representative, as the case may be, shall have no further rights hereunder. 

2.6 Payment after Vesting. 

(a) As soon as practicable following the vesting of any Restricted Share Units pursuant to Section 2.3, 2.4 or 3.2, the Company shall
deliver to the Participant a number of Ordinary Shares (either by delivering one or more certificates for such shares or by entering such shares in book entry form, as determined by the Company in its sole discretion) equal to the number of
Restricted Share Units subject to this award that vest on the applicable vesting date, unless such Restricted Share Units terminate prior to the given vesting date pursuant to Section 2.5. Notwithstanding the foregoing, in the event Ordinary
Shares cannot be issued because of the failure to meet one or more of the conditions set forth in Section 2.8(a), (b) or (c) hereof, then the Ordinary Shares shall be issued pursuant to the preceding sentence as soon as
administratively practicable after the Committee determines that Ordinary Shares can again be issued in accordance with Sections 2.8(a), (b) and (c) hereof. Notwithstanding any 

  
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discretion in the Plan, the Award Summary or this Agreement to the contrary, upon vesting of the RSUs, Ordinary Shares will be issued as set forth in this section. In no event will the RSUs be
paid to Participant in the form of cash. 
 (b) Notwithstanding anything to the contrary in this Agreement, the Company shall be entitled to
require payment by Participant of any sums required by applicable law to be withheld as a result of the Tax Obligations with respect to the grant of RSUs or the issuance of Ordinary Shares. Such payment shall be made by using a Sell to Cover. By
accepting this award of RSUs, Participant has agreed to Sell to Cover to satisfy any Tax Obligations and Participant hereby acknowledges and agrees: 

(i) Participant hereby appoints the Agent as the Participant’s agent and directs the Agent to (1) sell on the open market at the
then prevailing market price(s), on Participant’s behalf, as soon as practicable on or after the date Ordinary Shares vest, that number (rounded up to the next whole number) of the Ordinary Shares so vesting necessary to generate proceeds to
cover (x) any Tax Obligations incurred by the Company with respect to such vesting and (y) all applicable fees and commissions due to, or required to be collected by, the Agent with respect thereto and (2) in the Company’s
discretion, apply any remaining funds to Participant’s federal tax withholding or remit such remaining funds to the Participant. 

(ii) Participant hereby authorizes the Company and the Agent to cooperate and communicate with one another to determine the number of
Ordinary Shares that must be sold pursuant to subsection (i) above. 
 (iii) Participant understands that the Agent may effect sales
as provided in subsection (i) above in one or more sales and that the average price for executions resulting from bunched orders will be assigned to Participant’s account. In addition, Participant acknowledges that it may not be possible
to sell Ordinary Shares as provided by in subsection (i) above due to (1) a legal or contractual restriction applicable to the Agent, (2) a market disruption, or (3) rules governing order execution priority on the national
exchange where the Ordinary Shares may be traded. In the event of the Agent’s inability to sell Ordinary Shares, Participant will continue to be responsible for the timely payment to the Company and/or its affiliates of all federal, state,
local and foreign taxes that are required by applicable laws and regulations to be withheld, including but not limited to those amounts specified in subsection (i) above. 

(iv) Participant acknowledges that regardless of any other term or condition of this Section 2.6(b), the Agent will not be liable to
Participant for (1) special, indirect, punitive, exemplary, or consequential damages, or incidental losses or damages of any kind, or (2) any failure to perform or for any delay in performance that results from a cause or circumstance that
is beyond its reasonable control. 
 (v) Participant hereby agrees to execute and deliver to the Agent any other agreements or documents as
the Agent reasonably deems necessary or appropriate to carry out the purposes and intent of this Section 2.6(b). The Agent is a third-party beneficiary of this Section 2.6(b). 

(vi) This Section 2.6(b) shall terminate not later than the date on which all Tax Obligations arising in connection with the vesting of
the RSUs have been satisfied. 
 The Company shall not be obligated to deliver any new certificate representing Ordinary Shares to
Participant or Participant’s legal representative or enter such Ordinary Share in book entry form unless and until Participant or Participant’s legal representative shall have paid or otherwise satisfied in full the amount of all Tax
Obligations applicable to the taxable income of Participant resulting from the grant of the RSUs or the issuance of Ordinary Shares. 

  
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 2.7 Rights as Shareholder. The holder of the RSUs shall not be, nor have any of the rights
or privileges of, a shareholder of the Company, including, without limitation, any dividend rights and voting rights, in respect of the RSUs and any Ordinary Shares underlying the RSUs and deliverable hereunder unless and until such Ordinary Shares
shall have been actually issued by the Company and held of record by such holder (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company). No adjustment will be made for a dividend or
other right for which the record date is prior to the date the Ordinary Shares are issued, except as provided in Section 4.3 of the Plan. 

2.8 Conditions to Delivery of Ordinary Shares. Subject to Section 13.3 of the Plan, the Ordinary Shares deliverable hereunder, or
any portion thereof, may be either previously authorized but unissued Ordinary Shares or issued Ordinary Shares which have then been reacquired by the Company. Such Ordinary Shares shall be fully paid and nonassessable. The Company shall not be
required to issue or deliver any Ordinary Shares deliverable hereunder or portion thereof prior to fulfillment of all of the following conditions: 

(a) The admission of such Ordinary Shares to listing on all stock exchanges on which the Ordinary Shares are then listed; 

(b) The completion of any registration or other qualification of such Ordinary Shares under any state or federal law or under rulings or
regulations of the Securities and Exchange Commission or of any other governmental regulatory body, which the Committee shall, in its absolute discretion, deem necessary or advisable; 

(c) The obtaining of any approval or other clearance from any state or federal governmental agency which the Committee shall, in its absolute
discretion, determine to be necessary or advisable; 
 (d) The receipt by the Company of full payment for such Ordinary Shares, including
payment of any applicable Tax Obligation, which may be in one or more of the forms of consideration permitted under Section 2.6 hereof; and 

(e) The lapse of such reasonable period of time following the vesting of any Restricted Share Units as the Committee may from time to time
establish for reasons of administrative convenience. 
 ARTICLE III 

OTHER PROVISIONS 
 3.1
Administration. The Committee shall have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret, amend or
revoke any such rules. All actions taken and all interpretations and determinations made by the Committee in good faith shall be final and binding upon Participant, the Company and all other interested persons. No member of the Committee or the
Board shall be personally liable for any action, determination or interpretation made in good faith with respect to the Plan, this Agreement or the RSUs. 

  
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 3.2 Adjustments Upon Specified Events. The Committee may accelerate payment and vesting of
the Restricted Share Units in such circumstances as it, in its sole discretion, may determine. In addition, upon the occurrence of certain events relating to the Shares (as defined in the Plan) contemplated by Section 4.3 of the Plan
(including, without limitation, an extraordinary cash dividend on such Shares), the Committee shall make such adjustments the Committee deems appropriate in the number of Restricted Share Units then outstanding and the number and kind of securities
that may be issued in respect of the Restricted Share Units. The Participant acknowledges that the RSUs are subject to modification and termination in certain events as provided in this Agreement and Sections 4.3 and 9.1 of the Plan. 

3.3 Grant is Not Transferable. During the lifetime of Participant, this grant and the rights and privileges conferred hereby will not
be sold, transferred, assigned, pledged or otherwise alienated or hypothecated, unless and until the Shares underlying the RSUs have been issued, and all restrictions applicable to such Shares have lapsed. Upon any attempt to transfer, assign,
pledge, hypothecate or otherwise dispose of the RSUs, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, the RSUs and the rights and privileges conferred hereby immediately will
become null and void. Notwithstanding anything herein to the contrary, this Section 3.3 shall not prevent transfers by will or applicable laws of descent and distribution. 

3.4 Binding Agreement. Subject to the limitation on the transferability of the RSUs contained herein, this Agreement will be binding
upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 
 3.5
Notices. Any notice to be given under the terms of this Agreement to the Company shall be addressed to the Company in care of the Secretary of the Company at the Company’s principal office, and any notice to be given to Participant shall
be addressed to Participant at the Participant’s last address reflected on the Company’s records. By a notice given pursuant to this Section 3.5, either party may hereafter designate a different address for notices to be given to that
party. Any notice shall be deemed duly given when sent via email or when sent by certified mail (return receipt requested) and deposited (with postage prepaid) in a post office or branch post office regularly maintained by the United States Postal
Service. 
 3.6 Titles. Titles provided herein are for convenience only and are not to serve as a basis for interpretation or
construction of this Agreement. 
 3.7 Governing Law; Severability. The laws of the State of California shall govern the
interpretation, validity, administration, enforcement and performance of the terms of this Agreement regardless of the law that might be applied under principles of conflicts of laws. 

3.8 Conformity to Securities Laws. Participant acknowledges that the Plan and this Agreement are intended to conform to the extent
necessary with all provisions of the Securities Act and the Exchange Act and any and all regulations and rules promulgated by the Securities and Exchange Commission thereunder, and state securities laws and regulations. Notwithstanding anything
herein to the contrary, the Plan shall be administered, and the RSUs are granted, only in such a manner as to conform to such laws, rules and regulations. To the extent permitted by applicable law, the Plan and this Agreement shall be deemed amended
to the extent necessary to conform to such laws, rules and regulations. 
 3.9 Amendments, Suspension and Termination. To the extent
permitted by the Plan, this Agreement may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Committee or the Board, provided, that, except as may otherwise be provided by the
Plan, no amendment, modification, suspension or termination of this Agreement shall adversely effect the RSUs in any material way without the prior written consent of the Participant. 

  
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 3.10 Successors and Assigns. The Company may assign any of its rights under this Agreement
to single or multiple assignees, and this Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth in Section 3.3 hereof, this Agreement shall be binding upon
Participant and his or her heirs, executors, Committees, successors and assigns. 
 3.11 Limitations Applicable to Section 16
Persons. Notwithstanding any other provision of the Plan or this Agreement, if Participant is subject to Section 16 of the Exchange Act, the Plan, the RSUs and this Agreement shall be subject to any additional limitations set forth in any
applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule. To the extent permitted by applicable law, this
Agreement shall be deemed amended to the extent necessary to conform to such applicable exemptive rule. 
 3.12 Not a Contract of
Employment. Nothing in this Agreement or in the Plan shall confer upon the Participant any right to continue to serve as an employee or other service provider of the Company or any of its Subsidiaries. 

3.13 Entire Agreement. The Plan, the Award Summary and this Agreement constitute the entire agreement of the parties and supersede in
their entirety all prior undertakings and agreements of the Company and Participant with respect to the subject matter hereof. In the event Participant is party to a Management Shareholders Agreement with the Company, the Shares subject to the RSUs
shall not be subject to such Management Shareholders Agreement and the provisions of this Agreement shall supersede any competing provisions of any such Management Shareholders Agreement. 

3.14 Section 409A. The RSUs are not intended to constitute “nonqualified deferred compensation” within the meaning of
Section 409A of the Code (together with any Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the date hereof,
“Section 409A”). However, notwithstanding any other provision of the Plan, the Award Summary or this Agreement, if at any time the Committee determines that the RSUs (or any portion thereof) may be subject to
Section 409A, the Committee shall have the right in its sole discretion (without any obligation to do so or to indemnify Participant or any other person for failure to do so) to adopt such amendments to the Plan, this Agreement or the Award
Summary or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, as the Committee determines are necessary or appropriate either for the RSUs to be exempt from the
application of Section 409A or to comply with the requirements of Section 409A. 
 3.15 Limitation on Participant’s
Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust.
Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to
the RSUs, and rights no greater than the right to receive the Ordinary Shares as a general unsecured creditor with respect to RSUs, as and when payable hereunder. 

3.16 Additional Terms for Participants Providing Services Outside the United States. To the extent the Participant provides services to
the Company in a country other than the United States, the 

  
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RSUs shall be subject to such additional or substitute terms as shall be set forth for such country in Exhibit A attached hereto. If Participant relocates to one of the countries included
in Exhibit A during the life of the RSUs, the special provisions for such country shall apply to Participant, to the extent the Company determines that the application of such provisions is necessary or advisable in order to comply with local
law or facilitate the administration of the Plan. In addition, the Company reserves the right to impose other requirements on the RSUs and the Ordinary Shares issued upon vesting of the RSUs, to the extent the Company determines it is necessary or
advisable in order to comply with local laws or facilitate the administration of the Plan, and to require Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 

* * * * * 
 By selecting the box
in Section B of the Award Acceptance Page acknowledging that Participant has read all of the documents included in Section B, Participant agrees to be bound by the terms and conditions of the Plan, the Agreement, Exhibit A (the special
provisions for Participant’s country of residence, if any) and the Plan Website. Participant has reviewed the Agreement, the Plan and the Plan Website in their entirety, including Exhibit A, and fully understands all provisions of this
Agreement, the Plan Website and the Plan. Additionally, by selecting the box in Section B of the Award Acceptance Page acknowledging that Participant has read all the documents included in Section B, Participant agrees that Participant has read,
fully understands and agrees to abide by the terms of the Company’s Insider Trading Policy and has read and fully understands the Plan Prospectus and Prospectus Supplement, if applicable, each of which is posted in Section B of the Award
Acceptance Page. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions arising under the Plan, the Plan Website or the Agreement (including Exhibit A). 

  
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 EXHIBIT A 

TO LSI CORPORATION 
 2003
EQUITY INCENTIVE PLAN 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 

This Exhibit A to the LSI Corporation 2013 Equity Incentive Plan (the “Plan”) Restricted Stock Unit Award
Agreement (the “Agreement”) includes special terms and conditions applicable to Participants providing services to the Company in the countries below. These terms and conditions are in addition to those set forth in the
Agreement and to the extent there are any inconsistencies between these terms and conditions and those set forth in the Agreement, these terms and conditions shall prevail. Any capitalized term used in this Exhibit A without definition shall
have the meaning ascribed to such term in the Plan or the Agreement, as applicable. 
 Each Participant is advised to seek appropriate professional advice
as to how the relevant exchange control and tax laws in the Participant’s country may apply to the Participant’s individual situation. 

AUSTRIA 
 Exchange Control
Information. 
 If Participant holds Ordinary Shares acquired pursuant to RSUs obtained through the Plan outside of Austria, Participant must submit a
report to the Austrian National Bank. An exemption applies if the value of the Ordinary Shares as of the end of any given calendar quarter does not exceed €30,000,000 or as of December 31 does not exceed €5,000,000. If the former
threshold is exceeded, quarterly reporting obligations are imposed, whereas if the latter threshold is exceeded, annual reports must be given. The annual reporting date is December 31 and the deadline for filing the annual report is
March 31 of the following year. 
 When Participant sells Ordinary Shares acquired pursuant to RSUs under the Plan, there may be exchange control
obligations if the cash proceeds are held outside Austria. If the transaction volume of all Participant’s accounts abroad exceeds €3,000,000, the movements and balances of all accounts must be reported monthly, as of the last day of such
month, on or before the fifteenth day of the following month, on the prescribed form (Meldungen SI-Forderungen und/oder SI-Verpflichtungen). 

Consumer Protection Information. 
 If the provisions of
the Austrian Consumer Protection Act are considered to be applicable to the Agreement and the Plan, Participant may be entitled to revoke Participant’s acceptance of the Agreement under the conditions listed below: 

(i) If Participant accepts the RSUs outside the business premises of the Company or its relevant Subsidiary, Participant may be entitled to revoke
Participant’s acceptance of the Agreement, provided the revocation is made within one week after Participant accepts the Agreement. 
 (ii) The
revocation must be in written form to be valid. It is sufficient if Participant returns the Agreement to the Company or the Company’s representative with language which can be understood as Participant’s refusal to conclude or honor the
Agreement, provided the revocation is sent within the period set forth above. 

  
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 Acknowledgment of Nature of Plan and RSUs. In accepting this Agreement, Participant acknowledges that:

 (a) for labor law purposes, RSUs and Ordinary Shares issued upon vesting thereof are an extraordinary item that do not constitute wages of any kind for
services of any kind rendered to the Company or to Participant’s employer, and the grant of RSUs is outside the scope of Participant’s employment contract, if any; 

(b) for labor law purposes, the grant of RSUs and the Ordinary Shares issued upon vesting thereof are not part of normal or expected wages or salary for any
purposes, including, but not limited to, calculation of any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, holiday pay, long-service awards, pension or retirement benefits or similar payments and in no
event should be considered as compensation for, or relating in any way to, past services for the Company, the employer, its parent, or any Subsidiary or Affiliate of the Company; 

(c) RSUs and the Ordinary Shares issued upon vesting thereof are not intended to replace any pension rights or compensation; 

(d) neither the grant of RSUs nor any provision of this Agreement, the Plan or the policies adopted pursuant to the Plan confer upon Participant any right
with respect to employment or continuation of current employment and shall not be interpreted to form an employment contract or relationship with the Company or any Subsidiary or Affiliate; 

(e) the future value of the underlying Ordinary Shares is unknown and cannot be predicted with certainty; 

(f) in consideration of the grant of RSUs hereunder, no claim or entitlement to compensation or damages arises from termination of RSUs, and no claim or
entitlement to compensation or damages shall arise from forfeiture of the RSUs resulting from termination of Participant’s employment by the Company or an Affiliate (for any reason whatsoever and whether or not in breach of local labor laws)
and Participant irrevocably releases the Company and Participant’s employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, Participant shall be
deemed irrevocably to have waived Participant’s entitlement to pursue such claim; and 
 (g) in the event of termination of Participant’s
employment (whether or not in breach of local labor laws), Participant’s rights to vest in the RSUs under the Plan, if any, will terminate effective as of the date that Participant is no longer actively employed and will not be extended by any
notice period mandated under applicable local laws (e.g., active employment would not include a period of “garden leave” or similar period pursuant to applicable local laws); the Committee shall have the exclusive discretion to
determine when Participant is no longer actively employed for purposes of Participant’s RSUs. 
 Consent to Personal Data Processing and
Transfer. By acceptance of this award of RSUs, Participant acknowledges and consents to the collection, use, processing and transfer of personal data as described below. The Company, 1 Yishun Avenue 7, Singapore 768923; A3PICs Electronics
Development GmbH (to be changed to Avago Technologies Fiber Austria GmbH), Webergasse 18/9, A-1200 Vienna, Austria; and Avago Technologies U.S. Inc. and the Company’s other Subsidiaries, c/o 350 W. Trimble Road, San Jose CA 95131, USA (all
together, the “Avago Entities”), hold certain personal information, including Participant’s name, home address and telephone number, date of birth, social security number or other employee tax identification number,
employment history and status, salary, nationality, job title, and any equity compensation grants or Ordinary Shares awarded, cancelled, purchased, vested, unvested or 

  
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outstanding in Participant’s favor, for the purpose of managing and administering the Plan (“Data”). The Avago Entities will transfer Data to any third parties
assisting the Company in the implementation, administration and management of the Plan. The Avago Entities may also make the Data available to public authorities where required under locally applicable law. These recipients may be located in the
United States, the European Economic Area, or elsewhere, which Participant separately and expressly consents to, accepting that outside the European Economic Area, data protection laws may not be as protective as within. The third parties currently
assisting the Company in the implementation, administration and management of the Plan are the following: Morgan Stanley Smith Barney LLC, 787 Seventh Avenue, New York, New York 10019, USA and 2775 Sand Hill Road, Ste 120, Menlo Park CA 94025, USA;
Workday, Inc., 6230 Stoneridge Mall Road, Pleasanton, CA 94588, USA; Taleo Corporation, 4140 Dublin Boulevard, Suite 400, Dublin, CA 94568, USA; Google Inc., 1600 Amphitheatre Parkway, Mountain View, CA 94043, USA; Computershare Inc. and
Computershare Trust Company, N.A., 250 Royall Street, Canton, MA 02021, USA; Tricor WP Corporate Services Pte. Ltd., 80 Robinson Road #02-00, Singapore 068898; and RBG - Revisions- und BetriebsberatungsgesmbH, Steuerberatungsgesellschaft, Operngasse
23/19, A-1040 Vienna, Austria. However, from time to time and without notice, the Avago Entities may retain additional or different third parties for any of the purposes mentioned. Participant hereby authorizes the Avago Entities and all such third
parties to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing participation in the Plan, including any requisite transfer of such Data as may be required for
the administration of the Plan on behalf of Participant to a third party with whom Participant may have elected to have payment made pursuant to the Plan. Participant may, at any time, review Data, require any necessary amendments to it or withdraw
the consent herein in writing by contacting the Company through its local H.R. Director; however, withdrawing the consent may affect Participant’s ability to participate in the Plan and receive the benefits intended by this award of RSUs. Data
will only be held as long as necessary to implement, administer and manage Participant’s participation in the Plan and any subsequent claims or rights. 

CHINA 
 Settlement of Restricted Share
Units and Sale of Shares. The provisions supplement Section 2.6(b) of the Agreement. 
 Participant acknowledges and agrees that the Company shall,
on behalf of Participant, sell all Ordinary Shares issuable to Participant upon vesting of the RSUs. Participant further agrees that the Company is authorized to instruct its designated broker to assist with the mandatory sale of such Ordinary
Shares (on Participant’s behalf pursuant to this authorization) and Participant expressly authorize the Company’s designated broker to complete the sale of such Ordinary Shares. Participant acknowledges that the Company’s designated
broker is under no obligation to arrange for the sale of the Shares at any particular price. Upon the sale of the Ordinary Shares, the Company agrees to pay Participant the cash proceeds from the sale of the Ordinary Shares, less any brokerage fees
or commissions and subject to any or all Tax Obligations related to Participant’s participation in the Plan and legally applicable to Participant. Participant acknowledges that Participant is not aware of any material nonpublic information with
respect to the Company or any securities of the Company as of the date of this Agreement. 
 Exchange Control Requirements. 

Participant understands and agrees that, pursuant to local exchange control requirements, Participant will be required to repatriate the cash proceeds from
the sale of the Ordinary Shares issued upon the settlement of the RSUs to China. Participant further understands that, under Applicable Laws, such repatriation of Participant’s cash proceeds may need to be effectuated through a special exchange
control account established by the Company or Participant’s employer, and Participant hereby consents and agrees that 

  
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any proceeds from the sale of any Ordinary Shares Participant acquires may be transferred to such special account prior to being delivered to Participant. Participant also understands that the
Company will deliver the proceeds to Participant as soon as possible, but there may be delays in distributing the funds to Participant due to exchange control requirements in China. Proceeds may be paid to Participant in U.S. dollars or local
currency at the Company’s discretion. If the proceeds are paid to Participant in U.S. dollars, Participant will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds
are paid to Participant in local currency, the Company is under no obligation to secure any particular exchange conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control restrictions.
Participant further agrees to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China. 

Data Privacy. By acceptance of this RSU, Participant acknowledges and consents to the collection, use, processing and transfer of personal data as
described below. The Company, the Participant’s employer and the Company’s other Subsidiaries (all together, the “Avago Entities”) hold certain personal information, including the Participant’s name, home
address and telephone number, date of birth, social security number or other employee tax identification number, employment history and status, salary, nationality, job title, and any equity compensation grants or Ordinary Shares awarded, cancelled,
purchased, vested, unvested or outstanding in the Participant’s favor, for the purpose of managing and administering the Plan (“Data”). The Avago Entities will transfer Data to any third parties assisting the Company in
the implementation, administration and management of the Plan. The Avago Entities may also make the Data available to public authorities where required under locally applicable law. These recipients may be located in the United States, the European
Economic Area, China or elsewhere, which Participant separately and expressly consents to, accepting that outside China, data protection laws may not be as protective as within. The Participant hereby authorizes the Avago Entities and all such third
parties to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing participation in the Plan, including any requisite transfer of such Data as may be required for
the administration of the Plan on behalf of the Participant to a third party with whom the Participant may have elected to have payment made pursuant to the Plan. Participant may, at any time, review Data, require any necessary amendments to it or
withdraw the consent herein in writing by contacting the Company through its local H.R. Director; however, withdrawing the consent may affect Participant’s ability to participate in the Plan and receive the benefits intended by this RSU. Data
will only be held as long as necessary to implement, administer and manage the Participant’s participation in the Plan and any subsequent claims or rights. 

FRANCE 
 Sub-Plan. 

The award of RSUs shall be deemed granted under and subject to the terms of the LSI Corporation 2003 Equity Incentive Plan French Sub-Plan (the
“French Sub-Plan”). 
 The following provision replaces Section 2.6(a) of the Agreement in its entirety: 

 

	(a)(i)	 Ordinary Shares cannot be delivered upon vesting of RSUs prior to the second anniversary of the Date of Grant (“Delivery
Date”), subject to the Participant remaining employed with the French Affiliated Company (as defined in the French Sub-Plan) or the Company on the Delivery Date. Ordinary Shares acquired upon vesting of Awards cannot be
transferred prior to the second anniversary of the Delivery Date (hereafter the “Holding Period”). In the event that the Participant does not comply with the requirement set forth in this Section 2.6(a)(i) and in
Section 2.6(a)(ii), the Participant shall be liable for all consequences to the Company or to the applicable 

  
 A-4 

	 	
employing French Affiliated Company resulting from such breach and must indemnify the Company and the employing French Affiliated Company in respect of all amounts payable by the Company or such
French Affiliated Company in connection with such breach. More generally, the Participant agrees to indemnify and keep indemnified the Company or the Participant’s employer, as the case may be, from and against any liability for and obligation
to pay any tax and social charges incurred by the Company or the Participant’s employer, as the case may be. 

  

	(ii)	At the expiration of the Holding Period, if the Ordinary Shares are listed on any established stock exchange or a national market system, Ordinary Shares cannot be sold (i) during the ten (10) trading sessions
preceding and following the date on which the consolidated accounts or annual accounts of the Company are first released to the public, and (ii) during a period (x) starting from the date on which the Board or any committee thereof become
aware of any information which, if released to the public, could significantly affect the Company’s market price and (y) ending at the close of the tenth (10th) trading session
following the publication of the information. 

 Terms and Conditions 

Eligible Employee. Pursuant to the French Sub-Plan, RSUs may only be granted to the Participant if the Participant is employed by a French Affiliated
Company under the terms of a written or oral employment agreement, and does not own, on the Date of Grant, Ordinary Shares representing more than 10% of the issued equity securities of the Company. 

Data Privacy. 
 By acceptance of this award of RSUs, the
Participant acknowledges and consents to the collection, use, processing and transfer of personal data as described below. The Company, 1 Yishun Avenue 7, Singapore 768923; Avago Technologies France SAS, 8 Avenue Hoche, 75008 Paris, France; and
Avago Technologies U.S. Inc. and the Company’s other Subsidiaries, c/o 350 W. Trimble Road, San Jose CA 95131, USA (all together, the “Avago Entities”), hold certain personal information, including the Participant’s
name, home address and telephone number, date of birth, social security number or other employee tax identification number, employment history and status, salary, nationality, job title, and any equity compensation grants or Ordinary Shares awarded,
cancelled, purchased, vested, unvested or outstanding in the Participant’s favor, for the purpose of managing and administering the Plan (“Data”). The Avago Entities will transfer Data to any third parties assisting the
Company in the implementation, administration and management of the Plan. The Avago Entities may also make the Data available to public authorities where required under locally applicable law. These recipients may be located in the United States,
the European Economic Area, or elsewhere, which the Participant separately and expressly consents to, accepting that outside the European Economic Area, data protection laws may not be as protective as within. The third parties currently assisting
the Company in the implementation, administration and management of the Plan are the following: Morgan Stanley Smith Barney LLC, 787 Seventh Avenue, New York, New York 10019, USA and 2775 Sand Hill Road, Ste 120, Menlo Park CA 94025, USA; Workday,
Inc., 6230 Stoneridge Mall Road, Pleasanton, CA 94588, USA; Taleo Corporation, 4140 Dublin Boulevard, Suite 400, Dublin, CA 94568, USA; Google Inc., 1600 Amphitheatre Parkway, Mountain View, CA 94043, USA; Computershare Inc. and Computershare Trust
Company, N.A., 250 Royall Street, Canton, MA 02021, USA; Tricor WP Corporate Services Pte. Ltd., 80 Robinson Road #02-00, Singapore 068898; and People Associates SC and Exerasme SAS, 43 Rue Taitbout, Paris 75009, France. However, from time to time
and without notice, the Company may retain additional or different third parties for any of the purposes mentioned. The Participant hereby authorizes the Avago Entities and all such third parties to receive, possess, use, retain and transfer the
Data, in electronic or other form, for the purposes of implementing, administering and managing participation in 

  
 A-5 

 
the Plan, including any requisite transfer of such Data as may be required for the administration of the Plan on behalf of the Participant to a third party with whom the Participant may have
elected to have payment made pursuant to the Plan. The Participant may, at any time, review Data, require any necessary amendments to it or withdraw the consent herein in writing by contacting the Company through its local H.R. Director; however,
withdrawing the consent may affect the Participant’s ability to participate in the Plan and receive the benefits intended by this award of RSUs. Data will only be held as long as necessary to implement, administer and manage the
Participant’s participation in the Plan and any subsequent claims or rights. 
 French Language Provision. By accepting this award of RSUs,
Participant confirms having read and understood the documents relating to the Plan which were provided to Participant in the English language. Participant accepts the terms of those documents accordingly. 

French translation: En acceptant ce Contrat vous confirmez ainsi avoir lu et compris les documents relatifs au Plan qui vous ont été
communiqués en langue anglaise. Vous en acceptez les termes en connaissance de cause. 
 GERMANY 

No Legal claim for RSU Grants: Participant acknowledges and agrees that the RSUs pursuant to the Plan and this Agreement is a voluntary one-time
benefit, and that Participant does not have a legal claim for future RSU grants or comparable grants. 
 Tax Indemnity 

The Participant agrees to indemnify and keep indemnified the Company, any Subsidiary and his/her employing company, if different, from and against any
liability for or obligation to pay any Tax Obligation (including but not limited to wage tax, solidarity surcharge, church tax or social security contributions) that is attributable to (1) the grant or settlement of, or any benefit derived by
the Participant from, the RSUs, (2) the acquisition by the Participant of the Ordinary Shares on settlement of the RSUs, or (3) the disposal of any Ordinary Shares. 

Consent to Personal Data Processing and Transfer. By acceptance of this award of RSUs, Participant acknowledges and consents to the collection, use,
processing and transfer of personal data as described below. The Company, 1 Yishun Avenue 7, Singapore 768923; Avago Technologies GmbH, Herrenberger Strasse 130, 71034 Boeblingen, Germany; Avago Technologies Fiber GmbH, Wernerwerkstrasse 2, 93049
Regensburg, Germany; and Avago Technologies U.S. Inc. and the Company’s other Subsidiaries, c/o 350 W. Trimble Road, San Jose CA 95131, USA (all together, the “Avago Entities”), hold certain personal information,
including the Participant’s name, home address and telephone number, date of birth, social security number or other employee tax identification number, employment history and status, salary, nationality, job title, and any equity compensation
grants or Ordinary Shares awarded, cancelled, purchased, vested, unvested or outstanding in the Participant’s favor, for the purpose of managing and administering the Plan (“Data”). The Avago Entities will
transfer Data to any third parties assisting the Company in the implementation, administration and management of the Plan. The Avago Entities may also make the Data available to public authorities where required under locally applicable law. These
recipients may be located in the United States, the European Economic Area, or elsewhere, which the Participant separately and expressly consents to, accepting that outside the European Economic Area, data protection laws may not be as protective as
within. The third parties currently assisting the Company in the implementation, administration and management of the Plan are the following: 

  
 A-6 

 
Morgan Stanley Smith Barney LLC, 787 Seventh Avenue, New York, New York 10019, USA and 2775 Sand Hill Road, Ste 120, Menlo Park CA 94025, USA; Workday, Inc., 6230 Stoneridge Mall Road,
Pleasanton, CA 94588, USA; Taleo Corporation, 4140 Dublin Boulevard, Suite 400, Dublin, CA 94568, USA; Google Inc., 1600 Amphitheatre Parkway, Mountain View, CA 94043, USA; Computershare Inc. and Computershare Trust Company, N.A., 250 Royall, Street
Canton, MA 02021, USA; Tricor WP Corporate Services Pte. Ltd., 80 Robinson Road #02-00, Singapore 068898; and ADP Employer Services GmbH, Frankfurter Strasse 227, 63263 Neu Isenberg, Germany. However, from time to time and without notice, the Avago
Entities may retain additional or different third parties for any of the purposes mentioned. The Participant hereby authorizes the Avago Entities and all such third parties to receive, possess, use, retain and transfer the Data, in electronic or
other form, for the purposes of implementing, administering and managing participation in the Plan, including any requisite transfer of such Data as may be required for the administration of the Plan on behalf of the Participant to a third party
with whom the Participant may have elected to have payment made pursuant to the Plan. The Participant may, at any time, review Data, require any necessary amendments to it or withdraw the consent herein in writing by contacting the Company through
its local H.R. Director; however, withdrawing the consent may affect the Participant’s ability to participate in the Plan and receive the benefits intended by this award of RSUs. Data will only be held as long as necessary to implement,
administer and manage the Participant’s participation in the Plan and any subsequent claims or rights. 
 Acknowledgment of Nature of Plan and
RSUs. In accepting this Agreement, Participant acknowledges that: 
 (a) for labor law purposes, RSUs and Ordinary Shares issued upon vesting thereof
are an extraordinary item that do not constitute wages of any kind for services of any kind rendered to the Company or to Participant’s employer, and the grant of RSUs is outside the scope of Participant’s employment contract, if any; 

(b) for labor law purposes, the grant of RSUs and the Ordinary Shares issued upon vesting thereof are not part of normal or expected wages or salary for any
purposes, including, but not limited to, calculation of any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, holiday pay, long-service awards, pension or retirement benefits or similar payments and in no
event should be considered as compensation for, or relating in any way to, past services for the Company, the employer, its parent, or any Subsidiary or Affiliate of the Company; 

(c) RSUs and the Ordinary Shares issued upon vesting thereof are not intended to replace any pension rights or compensation; 

(d) neither the grant of RSUs nor any provision of this Agreement, the Plan or the policies adopted pursuant to the Plan confer upon Participant any right
with respect to employment or continuation of current employment and shall not be interpreted to form an employment contract or relationship with the Company or any Subsidiary or Affiliate; 

(e) the future value of the underlying Ordinary Shares is unknown and cannot be predicted with certainty; 

(f) in consideration of the grant of RSUs hereunder, no claim or entitlement to compensation or damages arises from termination of RSUs, and no claim or
entitlement to compensation or damages shall arise from forfeiture of the RSUs resulting from termination of Participant’s employment by the Company or an Affiliate (for any reason whatsoever and whether or not in breach of local labor laws)
and Participant irrevocably releases the Company and Participant’s employer from any such claim that may 

  
 A-7 

 
arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, Participant shall be deemed irrevocably to have waived Participant’s
entitlement to pursue such claim; and 
 (g) in the event of termination of Participant’s employment (whether or not in breach of local labor laws),
Participant’s rights to vest in the RSUs under the Plan, if any, will terminate effective as of the date that Participant is no longer actively employed and will not be extended by any notice period mandated under applicable local laws
(e.g., active employment would not include a period of “garden leave” or similar period pursuant to applicable local laws); the Committee shall have the exclusive discretion to determine when Participant is no longer actively
employed for purposes of Participant’s RSUs. 
 Exchange Control Information. Cross-border payments in excess of €12,500 must be
reported monthly to the German Federal Bank. If Participant uses a German bank to transfer a cross-border payment in excess of €12,500 in connection with the sale of Ordinary Shares acquired under the Plan, the bank will make the report
for Participant. In addition, Participant must report any receivables, payables, or debts in foreign currency exceeding an amount of €5,000,000 on a monthly basis. Finally, Participant must report on an annual basis if Participant holds
Ordinary Shares that exceed 10% of the total voting capital of the Company. 
 ITALY 

Method of Payment. The following provision supplements Section 2.6 of the Agreement: 

Due to local regulatory requirements, Participant understands that Participant will be restricted to the cashless sell-all method of settlement of RSUs. To
complete a cashless sell-all settlement, Participant understands that the Plan broker shall be instructed to: (i) sell all of the Ordinary Shares issued upon the vesting of RSUs; (ii) use the proceeds to pay the brokerage fees and any Tax
Obligations; and (iii) remit the balance in cash to Participant. Participant will not be permitted to hold Ordinary Shares after settlement of the RSUs. Depending upon the development of laws and Participant’s status as a national of a
country other than Italy, the Company reserves the right to modify the methods of settling the RSUs and in its sole discretion, to permit cash settlements, cashless sell-to-cover exercises or any other method of exercise and payment of any Tax
Obligations permitted under the Plan. 
 Authorization to Release and Transfer Necessary Personal Information. Participant understands
that the Company, the Participant’s employer and the Company’s other Subsidiaries (all together, the “Avago Entities”) may hold certain personal information about Participant, including, but not limited to,
Participant’s name, home address and telephone number, date of birth, social security number (or any other social or national identification number), salary, nationality, job title, number of Ordinary Shares held and the details of all RSUs or
any other entitlement to Ordinary Shares awarded, cancelled, exercised, vested, unvested or outstanding (the “Data”) for the purpose of implementing, administering and managing Participant’s participation in the
Plan. Participant is aware that providing the Company with Participant’s Data is necessary for the performance of this Agreement and that Participant’s refusal to provide such Data would make it impossible for the Company to perform
its contractual obligations and may affect Participant’s ability to participate in the Plan. Participant understands that the Data may be transferred to, or among, the Avago Entities, affiliates of the Company, or to any third parties
assisting in the implementation, administration and management of the Plan, including any transfer required to a broker or other third party with whom Ordinary Shares acquired pursuant to the vesting of the RSUs or cash from the sale of such
Ordinary Shares may be deposited. Furthermore, the recipients that may receive, possess, use, retain and transfer such Data for the above mentioned purposes may be located in Italy or elsewhere, including outside of the European Union and that
the recipients’ 

  
 A-8 

 
country (e.g., the United States) may have different data privacy laws and protections than Participant’s country. The processing activity, including the transfer of Participant’s
personal data abroad, outside of the European Union, as herein specified and pursuant to applicable laws and regulations, does not require Participant’s consent thereto as the processing is necessary for the performance of contractual
obligations related to the implementation, administration and management of the Plan. Participant understands that Data processing relating to the purposes above specified shall take place under automated or non-automated conditions,
anonymously when possible, that comply with the purposes for which Data are collected and with confidentiality and security provisions as set forth by applicable laws and regulations, with specific reference to D.lgs. 196/2003. 

Participant understands that Data will be held only as long as is required by law or as necessary to implement, administer and manage Participant’s
participation in the Plan. Participant understands that pursuant to art.7 of D.lgs 196/2003, Participant has the right, including but not limited to, access, delete, update, request the rectification of Participant’s Data and cease the
Data processing and to object, in whole or in part, on legitimate grounds, to the processing of Participant’s Data, even though they are relevant to the purpose of collection. Furthermore, Participant is aware that Participant’s Data
will not be used for direct marketing purposes. In addition, the Data provided can be reviewed and questions or complaints can be addressed by contacting a local HR representative. 

Plan Document Acknowledgment. In accepting the RSUs, Participant acknowledges that Participant has received a copy of the Plan and the Agreement
and has reviewed the Plan and the Agreement, including this Appendix, in their entirety and fully understands and accepts all provisions of the Plan and the Agreement, including this Appendix. Participant further acknowledges that Participant
has read and specifically and expressly approves the following paragraphs of the Agreement: Vesting Schedule, Payment After Vesting, Authorization to Release and Transfer Necessary Personal Information, and Acknowledgment of Nature of Plan and RSUs.
Furthermore, Participant, having read and understood the information given on the processing of the Data and being acquainted of the rights set forth in art. 7 of D.lgs. 196/2003, expressly and specifically consents according to art. 23 of D.lgs.
196/2033, the processing of any Participant’s Data as reported in the Plan and the Agreement, including the clause Transfer Necessary Personal Information and further expressly and specifically consents, according to art. 43 and art. 44 of
D.lgs. 196/2003 to the transfer of the Data, even sensitive data, in foreign Countries outside the European Union. 
 Acknowledgment of Nature of Plan
and RSUs. In accepting this Agreement, Participant acknowledges that: 
 (a) for labor law purposes, RSUs and Ordinary Shares issued upon vesting
thereof are an extraordinary item that do not constitute wages of any kind for services of any kind rendered to the Company or to Participant’s employer, and the grant of RSUs is outside the scope of Participant’s employment contract, if
any; 
 (b) for labor law purposes, the grant of RSUs and the Ordinary Shares issued upon vesting thereof are not part of normal or expected wages or salary
for any purposes, including, but not limited to, calculation of any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, holiday pay, long-service awards, pension or retirement benefits or similar payments
and in no event should be considered as compensation for, or relating in any way to, past services for the Company, the employer, its parent, or any Subsidiary or Affiliate of the Company; 

  
 A-9 

 (c) RSUs and the Ordinary Shares issued upon vesting thereof are not intended to replace any pension rights or
compensation; 
 (d) neither the grant of RSUs nor any provision of this Agreement, the Plan or the policies adopted pursuant to the Plan confer upon
Participant any right with respect to employment or continuation of current employment and shall not be interpreted to form an employment contract or relationship with the Company or any Subsidiary or Affiliate; 

(e) the future value of the underlying Ordinary Shares is unknown and cannot be predicted with certainty; 

(f) in consideration of the grant of RSUs hereunder, no claim or entitlement to compensation or damages arises from termination of RSUs, and no claim or
entitlement to compensation or damages shall arise from forfeiture of the RSUs resulting from termination of Participant’s employment by the Company or an Affiliate (for any reason whatsoever) and Participant irrevocably releases the Company
and Participant’s employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, Participant shall be deemed irrevocably to have waived
Participant’s entitlement to pursue such claim; and 
 (g) in the event of termination of Participant’s employment (for any reason whatsoever),
Participant’s rights to vest in the RSUs under the Plan, if any, will terminate effective as of the date that Participant is no longer actively employed and will not be extended by any notice period mandated under applicable local laws
(e.g., active employment would not include a period of “garden leave” or similar period pursuant to applicable local laws); the Committee shall have the exclusive discretion to determine when Participant is no longer actively
employed for purposes of Participant’s RSUs. 
 Exchange Control Information. Participant is required to report in Participant’s
annual tax return: (a) any transfers of cash or Ordinary Shares to or from Italy exceeding €10,000 or the equivalent amount in U.S. dollars; and (b) any foreign investments or investments (including proceeds from the sale of
Ordinary Shares acquired under the Plan) held outside of Italy exceeding €10,000 or the equivalent amount in U.S. dollars, if the investment may give rise to income in Italy. Participant is exempt from the formalities in (a) if the
investments are made through an authorized broker resident in Italy, as the broker will comply with the reporting obligation on Participant’s behalf. 

JAPAN 
 Data Privacy. By
acceptance of this Award, the Participant acknowledges and consents to the collection, use, processing and transfer of personal data as described below. The Company, Avago Technologies Japan, Ltd., Nemicon Corporation, Avago Technologies U.S. Inc.
and the Company’s other Subsidiaries (all together, the “Avago Entities”) hold personal information for the purpose of managing and administering the Plan (“Data”), including the following: the
Participant’s name, home address and telephone number, date of birth, social security number or other employee tax identification number, salary, nationality, job title, and any equity compensation grants or Ordinary Shares awarded, cancelled,
purchased, vested, unvested or outstanding in the Participant’s favor. From time to time, the Company may change the scope of its affiliates that hold, use or process Participant’s personal information or the scope of Participant’s
personal information to be held, used or processed by the Company, its affiliates and the Participant’s employer, by providing, or made easily accessible, information about such change to the Participant. The Avago Entities will transfer Data
to any third parties assisting the Company in the implementation, administration and management of the Plan. The Avago Entities may also make the Data available to public authorities where required under locally applicable law. These recipients may
be located in the United States, the European Economic Area, Japan or elsewhere. The third parties 

  
 A-10 

 
currently assisting the Company in the implementation, administration and management of the Plan are the following: Morgan Stanley Smith Barney LLC, Symphony BPO Japan Limited, Symphony HRS Sdn
Bhd., Workday, Inc., Taleo Corporation, Google Inc., Computershare Inc., Computershare Trust Company, N.A., and Tricor WP Corporate Services Pte. Ltd. However, from time to time and without notice, the Avago Entities may retain additional or
different third parties for any of the purposes mentioned. The Participant hereby authorizes the Avago Entities and all such third parties to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of
implementing, administering and managing participation in the Plan, including any requisite transfer of such Data as may be required for the administration of the Plan on behalf of the Participant to a third party with whom the Participant may have
elected to have payment made pursuant to the Plan. The Participant may, at any time, review Data, require any necessary amendments to it or withdraw the consent herein in writing by contacting the Company; however, withdrawing the consent may affect
the Participant’s ability to participate in the Plan and receive the benefits intended by this award of RSUs. 
 MALAYSIA 

Malaysian Insider Trading Notification. Participant should be aware of the Malaysian insider-trading rules, which may impact Participant’s
acquisition or disposal of Ordinary Shares or rights to Ordinary Shares under the Plan. Under the Malaysian insider-trading rules, Participant is prohibited from acquiring or selling Ordinary Shares or rights to Ordinary Shares (e.g., an Award
under the Plan) when Participant is in possession of information which is not generally available and which Participant know or should know will have a material effect on the price of Ordinary Shares once such information is generally available.

 Director Notification Obligation. If Participant is a director of a Malaysian Subsidiary or Affiliate of the Company, Participant is subject
to certain notification requirements under the Malaysian Companies Act. Among these requirements is an obligation to notify the relevant Malaysian Subsidiary or Affiliate in writing when Participant receives or disposes of an interest (e.g., an
Award under the Plan or Ordinary Shares) in the Company or any related company. Such notifications must be made within 14 days of receiving or disposing of any interest in the Company or any related company.

MEXICO 
 The following provision is
inserted immediately after the first paragraph of the Agreement: 
 The foregoing grant of the RSUs by the Company to Participant is the consequence of the
current employment relationship between Participant and the Company or one of its Subsidiaries. 
 The following provision supplements and is inserted as an
additional sentence to the end Section 3.12 of the Agreement: 
 PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THE GRANT OF THE RSUS DOES NOT FORM
PART OF PARTICIPANT’S ENTITLEMENT TO REMUNERATION OR BENEFITS IN TERMS OF HIS OR HER EMPLOYMENT OR CONSULTANCY WITH THE COMPANY OR PARTICIPANT’S EMPLOYER. 

  
 A-11 

 The following paragraphs shall be inserted immediately after the last paragraph of the Agreement: 

Acknowledgment of Nature of Plan and RSUs. In accepting this Agreement, Participant acknowledges that: 

(a) the award of the RSUs (and the Ordinary Shares issuable under the RSUs) the Company is making under the Plan is unilateral and discretionary and,
therefore, the Company reserves the absolute right to amend and/or discontinue Participant’s participation in the Plan at any time without any liability to Participant; 

(b) Participant’s participation in the Plan shall not create a right to further employment with Company or its relevant Subsidiaries and shall not
interfere with the ability of Company or its relevant Subsidiaries to terminate Participant’s employment relationship at any time; 
 (c) the award of
the RSUs (and the Ordinary Shares issuable under the RSUs) to a Participant hired by a Subsidiary of the Company, does not constitute or imply an employment relationship between Participant and the Company; 

(d) for labor law purposes, the RSUs (and the Ordinary Shares issuable under the RSUs) are an extraordinary item that does not constitute wages of any kind
for services of any kind rendered to the Company or to Participant’s employer (the “Employer”), the Company is solely responsible for the administration of the Plan and Participant’s participation in the Plan and
acquisition of Ordinary Shares does not constitute an employment relationship between Participant and the Company since Participant is participating in the Plan on a wholly commercial basis and Participant’s sole employer is the Employer, and
the award of the RSUs is outside the scope of Participant’s employment contract, if any; 
 (e) for labor law purposes, the RSUs (and the Ordinary
Shares issuable under the RSUs) are not part of normal or expected wages or salary for any purposes, including, but not limited to, calculation of any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses,
holiday pay, long-service awards, pension or retirement benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company, the Employer, its parent, or any Subsidiary or
Affiliate of the Company; 
 (f) the RSUs (and the Ordinary Shares issuable under the RSUs) are not intended to replace any pension rights or compensation;

 (g) the Company is solely responsible for the administration of the Plan and all decisions with respect to future RSUs or other equity award grants, if
any, will be at the sole discretion of the Company; 
 (h) Participant is voluntarily participating in the Plan; 

(i) neither the RSUs nor any provision of the Agreement, the Plan or the policies adopted pursuant to the Plan confer upon Participant any right with respect
to employment or continuation of current employment and shall not be interpreted to form an employment contract or relationship with the Company or any Subsidiary or Affiliate; 

(j) the Plan and the benefits that Participant may derive from participation in the Plan do not establish any rights between Participant and the Company or
the Employer, other than those provided in the Plan and this Agreement, and do not form part of the employment conditions, even if RSUs have been granted repeatedly in the past; 

(k) any modification of the Plan or the Agreement or its termination shall not constitute a change or impairment of the terms and conditions of employment;

  
 A-12 

 (l) if Participant acquires Ordinary Shares upon vesting of the RSUs, the value of the Ordinary Shares acquired
upon vesting may increase or decrease in value and the future value cannot be predicted with certainty; 
 (m) Participant has received copies of the Plan,
has reviewed the Plan and the Agreement in their entirety and fully understand and accept all provisions of the Plan and the Agreement; 
 (n) in
consideration of the award of the RSUs hereunder, no claim or entitlement to compensation or damages arises from termination of the RSUs, and no claim or entitlement to compensation or damages shall arise from forfeiture of the RSUs resulting from a
Termination of Service by the Company, the Employer, any Subsidiary or an Affiliate of the Company (for any reason whatsoever and whether or not in breach of local labor laws) and Participant irrevocably releases the Company and the Employer and
their respective affiliates, shareholders, officers, agents or legal representatives from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, Participant
shall be deemed irrevocably to have waived Participant’s entitlement to pursue such claim; 
 (o) in the event of a Termination of Service (whether or
not in breach of local labor laws), Participant’s rights to vest in the RSUs under the Plan, if any, will terminate effective as of the date that Participant is no longer actively providing services the Company or its Subsidiaries and will not
be extended by any notice period mandated under applicable local laws (e.g., active employment would not include a period of “garden leave” or similar period pursuant to applicable local laws); the Committee shall have the exclusive
discretion to determine when Participant is no longer actively providing services for purposes of Participant’s RSUs; and 
 (p) the RSUs and the
benefits under the Plan, if any, will not automatically transfer to another company in the case of a merger, take-over or transfer of liability. 
 By
signing this Agreement, Participant further acknowledges that Participant has read and specifically and expressly approves the terms and conditions described in the paragraph immediately above, in which the following is clearly described and
established: (i) participation in the Plan does not constitute an acquired right; (ii) the Plan and participation in the Plan is offered by the Company on a wholly discretionary basis; (iii) participation in the Plan is voluntary; and
(iv) the Company and any parent, Subsidiary or Affiliate are not responsible for any decrease in the value of the Ordinary Shares underlying the RSUs. 

Data Privacy. By acceptance of these RSUs, Participant acknowledges and consents to the collection, use, processing and transfer of personal data as
described below. The Company, the Participant’s Employer and the Company’s other Subsidiaries (all together, the “Avago Entities”) hold certain personal information, including the Participant’s name, home
address and telephone number, date of birth, social security number or other employee tax identification number, employment history and status, salary, nationality, job title, and any equity compensation grants or Ordinary Shares awarded, cancelled,
purchased, vested, unvested or outstanding in the Participant’s favor, for the purpose of managing and administering the Plan (“Data”). The Avago Entities will transfer Data to any third parties assisting the Company in
the implementation, administration and management of the Plan. The Avago Entities may also make the Data available to public authorities where required under locally applicable law. These recipients may be located in the United States, the European
Economic Area, Asia, Mexico or elsewhere, which Participant separately and expressly consents to, accepting that outside Mexico, data protection laws may not be as protective as within. The Participant hereby authorizes the Avago Entities and all
such third parties to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing participation in the Plan, including any requisite

  
 A-13 

 
transfer of such Data as may be required for the administration of the Plan on behalf of the Participant to a third party with whom the Participant may have elected to have payment made pursuant
to the Plan. Participant may, at any time, review Data, require any necessary amendments to it or withdraw the consent herein in writing by contacting the Company through its local H.R. Director; however, withdrawing the consent may affect
Participant’s ability to participate in the Plan and receive the benefits intended by this RSU. Data will only be held as long as necessary to implement, administer and manage the Participant’s participation in the Plan and any subsequent
claims or rights. 
 Withholding Obligations. The Company or the Employer shall be entitled, if necessary or otherwise approved by the Company or the
Employer to comply with any tax law, to withhold from any amounts due and payable by the Company or the Employer to Participant the amount of any withholding or other tax due with respect to any Ordinary Shares issued and released upon the vesting
of the RSUs. Regardless of any action the Company or the Employer takes with respect to any or all Tax Obligations, Participant acknowledges that the ultimate liability for all Tax Obligations is and remains Participant’s responsibility and may
exceed the amount actually withheld by the Company or the Employer. Participant acknowledges and agrees that if no withholding is made by the Company or the Employer, Participant will comply with his or her Tax Obligations in accordance with the
laws of the relevant jurisdiction and will provide evidence of such compliance to the Company or the Employer upon request. Participant further acknowledges that the Company and/or the Employer (1) make no representations or undertakings
regarding the treatment of any Tax Obligations in connection with any aspect of the RSUs, including, but not limited to, the grant, vesting or settlement of the RSUs, the issuance of Ordinary Shares upon settlement of the RSUs, the subsequent sale
of Ordinary Shares acquired pursuant to such settlement and the receipt of any dividends on such Ordinary Shares; and (2) do not commit to and are under no obligation to structure the terms of the RSUs or any aspect of the RSUs to reduce or
eliminate Participant’s liability for Tax Obligations or achieve any particular tax result. Further, if Participant has become subject to tax in more than one jurisdiction between the Grant Date and the date of any relevant taxable event,
Participant acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax Obligations in more than one jurisdiction. 

SINGAPORE 
 Securities Law
Information. The award of the RSUs is being made in reliance of section 273(1)(f) of the Securities and Futures Act (Cap. 289) (“SFA”) for which it is exempt from the prospectus and registration requirements under the SFA. 

Director Notification Obligation. If Participant is a director, associate director or shadow director of a Singapore Subsidiary or affiliate of
the Company, Participant is subject to certain notification requirements under the Singapore Companies Act. Among these requirements is an obligation to notify the Company’s relvent Singapore Subsidiary or Affiliate in writing when
Participant receives an interest (e.g., an Award or Ordinary Shares) in the Company or any parent, Subsidiary or Affiliate. In addition, Participant must notify the Company’s Singapore Subsidiary or Affiliate when Participant sells
Ordinary Shares or shares of any relevant parent, Subsidiary or Affiliate (including when Participant sells Ordinary Shares issued upon vesting and settlement of the RSUs). These notifications must be made within two days of acquiring or
disposing of any interest in the Company or any parent, Subsidiary or Affiliate. In addition, a notification of Participant’s interests in the Company or any parent, Subsidiary or Affiliate must be made within two days of becoming a
director. 
 SOUTH KOREA 
 Exchange
Control Information. To remit funds out of Korea to settle the RSUs by a cash-settlement method, Participant must obtain a confirmation of the remittance by a foreign exchange bank in Korea.

  
 A-14 

 
This is an automatic procedure, (i.e., the bank does not need to approve the remittance and the process should not take more than a single day). Participant likely will need to present the
bank processing the transaction supporting documentation evidencing the nature of the remittance. 
 If the Participant realizes US $500,000 or more from
the sale of Ordinary Shares, Korean exchange control laws require the Participant to repatriate the proceeds to Korea within 18 months of the sale. 

TAIWAN 
 The Participant should be aware
that the tax consequences in connection with the grant of the RSUs, the vesting of the RSUs and the disposition of the resulting Ordinary Shares vary from country to country and are subject to change from time to time and understand that Participant
may suffer adverse tax consequences as a result of the grant of the RSUs and the Participant’s disposition of the Ordinary Shares. THE EMPLOYEE SHOULD CONSULT A TAX ATTORNEY OR ADVISOR. THE EMPLOYEE REPRESENTS THAT THE EMPLOYEE IS NOT RELYING
ON THE COMPANY AND/OR ITS AFFILIATES FOR ANY TAX ADVICE. 
 The Participant fully understands that the offer of the RSUs has not been and will not be
registered with or approved by the Financial Supervisory Commission of the Republic of China pursuant to relevant securities laws and regulations and the RSUs may not be offered or sold within the Republic of China through a public offering or in
circumstances which constitute an offer within the meaning of the Securities and Exchange Law of the Republic of China that requires a registration or approval of the Financial Supervisory Commission of the Republic of China. 

The Participant acknowledges and agrees that he or she may be required to do certain acts and/or execute certain documents in connection with the grant of the
RSUs, the vesting of the RSUs and the disposition of the resulting Ordinary Shares, including but not limited to obtaining foreign exchange approval for remittance of funds and other governmental approvals within the Republic of China. The
Participant shall pay his/her own costs and expenses with respect to any event concerning a holder of the RSUs, or Ordinary Shares received upon the vesting thereof, arising as a result of the Plan. 

By accepting the grant of the RSUs, the Participant acknowledges and agrees that: (i) the value of the RSUs is outside the scope of the
Participant’s employment contract, if any; (ii) the value of the RSUs is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards,
pension or retirement benefits or similar payments; and (iii) the Company does not guarantee any future value of the underlying Ordinary Shares. 
 The
Participant acknowledges that any agreement in connection with the RSUs is between the Participant and the Company, and that the Participant’s local employer is not a party to such agreements. 

Exchange Control Information. Participant that is Taiwan resident (those who are over 20 years of age and holding a Republic of China
citizen’s ID Card, Taiwan Resident Certificate or an Alien Resident Certificate that is valid for a period no less than one year) may acquire and remit foreign currency (including proceeds from the sale of Ordinary Shares) into and out of
Taiwan up to US$5,000,000 per year. If the transaction amount is TWD$500,000 or more in a single transaction, Participant must submit a foreign exchange transaction form and also provide supporting documentation to the satisfaction of the
remitting bank.
 If the transaction amount is US$500,000 or more, Participant may be required to provide additional supporting documentation (including
the contracts for such transaction, approval letter, etc.) to the satisfaction of the remitting bank. Participant acknowledges that the Participant is advised to consult the Participant’s personal advisor to ensure compliance with
applicable exchange control laws in Taiwan. 

  
 A-15 

 Data Privacy. By acceptance of this award of RSUs, Participant acknowledges and consents to the
collection, use, processing and transfer of personal data as described below. The Company, the Participant’s employer and the Company’s other Subsidiaries (all together, the “Avago Entities”) hold certain personal
information, including Participant’s name, home address and telephone number, date of birth, social security number or other employee tax identification number, employment history and status, salary, nationality, job title, and any equity
compensation grants or Ordinary Shares awarded, cancelled, purchased, vested, unvested or outstanding in Participant’s favor, for the purpose of managing and administering the Plan (“Data”). The Avago Entities will
transfer Data to any third parties assisting the Company in the implementation, administration and management of the Plan. The Avago Entities may also make the Data available to public authorities where required under locally applicable law. These
recipients may be located in the United States, the European Economic Area, Republic of China or elsewhere, which Participant separately and expressly consents to, accepting that outside Republic of China, data protection laws may not be as
protective as within. Participant hereby authorizes the Avago Entities and all such third parties to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing
participation in the Plan, including any requisite transfer of such Data as may be required for the administration of the Plan on behalf of Participant to a third party with whom Participant may have elected to have payment made pursuant to the
Plan. Participant may, at any time, review Data, request a copy of it, require any necessary amendments to it, request deletion, or withdraw the consent herein in writing by contacting the Company through its local H.R. Director; however,
withdrawing the consent may affect Participant’s ability to participate in the Plan and receive the benefits intended by this award of RSUs. Data will only be held as long as necessary to implement, administer and manage Participant’s
participation in the Plan and any subsequent claims or rights. 
 UNITED KINGDOM 

Definitions 
 The definition of “Termination
of Service” in the Plan shall be replaced in its entirety by the following definition: 
 “Termination of
Services” shall mean Participant’s Termination of Employment. 
 The following definition of “Termination of
Employment” shall be added: 
 “Termination of Employment” shall mean the time when the employee-employer relationship between
Participant and the Company or any Subsidiary is terminated for any reason, with or without cause, including, but not by way of limitation, a termination by resignation, discharge, death, disability or retirement; but excluding terminations where
there is a simultaneous reemployment or continuing employment of Participant by the Company or any Subsidiary. The Committee, in its absolute discretion, shall determine the effect of all matters and questions relating to Termination of Employment,
including, but not by way of limitation, the question of whether a particular leave of absence constitutes a Termination of Employment. 

Participants 
 The Agreement as amended pursuant to
this Exhibit A forms the rules of the employee share scheme applicable to the United Kingdom based Participants of the Company and any Subsidiaries. Only 

  
 A-16 

 
employees of the Company or any Subsidiary of the Company are eligible to be granted RSUs or be issued Ordinary Shares under the Agreement. Other service providers (including consultants or
Nonemployee Directors) who are not employees are not eligible to receive RSUs under the Agreement in the United Kingdom. Accordingly, all references in the Agreement to the Participant’s service or termination of service shall be interpreted as
references to the Participant’s employment or Termination of Employment. 
 The following provision replaces Section 3.12 of the Agreement in its
entirety: 
 3.12 Not a Contract of Employment. Nothing in this Agreement or in the Plan shall confer upon the Participant any right to continue to
serve as an employee of the Company or any of its Subsidiaries and the grant of an RSU does not form part of the Participant’s entitlement to remuneration or benefits in terms of his employment with the Company or any Subsidiary. 

Terms and Conditions 
 Special Tax Consequences. In
relation to UK based Participants only: 
 (a) the Participant agrees to indemnify and keep indemnified the Company, any Subsidiary and his/her employing
company, if different, from and against any liability for or obligation to pay any Tax Obligation (including, without limitation, any liability for income tax, withholding tax and any other employment related taxes, employee’s national
insurance contributions or employer’s national insurance contributions or equivalent social security contributions in any jurisdiction) that is attributable to (1) the grant or settlement of, or any benefit derived by the Participant from,
the RSUs, (2) the acquisition by the Participant of the Ordinary Shares on the settlement of the RSUs, or (3) the disposal of any Ordinary Shares. 

(b) the RSUs cannot be settled until the Participant has made such arrangements as the Company may require for the satisfaction of any Tax Obligation that may
arise in connection with the vesting and settlement of the RSUs and/or the acquisition of the Ordinary Shares by the Participant. The Company shall not be required to issue, allot or transfer Ordinary Shares until the Employee has satisfied this
obligation. 
 (c) at the discretion of the Company, the RSUs cannot be settled until the Participant has entered into an election with the Company (or
his/her employer) (as appropriate) in a form approved by the Company and Her Majesty’s Revenue & Customs (a “Joint Election”) under which any liability of the Company and/or the employer for employer’s
national insurance contributions arising in respect of the granting, vesting, settlement of or other dealing in the RSUs, or the acquisition of Ordinary Shares on the settlement of the RSUs, is transferred to and met by the Participant. 

Tax and National Insurance Contributions Acknowledgment. Participant agrees that if Participant does not pay or Participant’s employer (the
“Employer”) or the Company does not withhold from Participant the full amount of all taxes applicable to the taxable income of Participant resulting from the grant of the RSUs, the vesting of the RSUs, or the issuance of
Ordinary Shares (the “Tax-Related Items”) that Participant owes due to the vesting of the RSUs, or the release or assignment of the RSUs for consideration, or the receipt of any other benefit in connection with the
RSUs (the “Taxable Event”) within 90 days after the Taxable Event, or such other period specified in Section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003, then the amount that should have been
withheld shall constitute a loan owed by Participant to the Employer, effective 90 days after the Taxable Event. Participant agrees that the loan will bear interest at the HMRC’s official rate and will be immediately due and repayable by
Participant, and the Company and/or the Employer may recover it at any time thereafter 

  
 A-17 

 
by withholding the funds from salary, bonus or any other funds due to Participant by the Employer, by withholding in Shares issued upon vesting and settlement of the RSUs or from the cash
proceeds from the sale of Ordinary Shares or by demanding cash or a cheque from Participant. Participant also authorizes the Company to delay the issuance of any Ordinary Shares to the Participant unless and until the loan is repaid in full. 

Notwithstanding the foregoing, if Participant is an officer or executive director (as within the meaning of Section 13(k) of the U.S. Securities and
Exchange Act of 1934, as amended), the terms of the immediately foregoing provision will not apply. In the event that Participant is an officer or executive director and Tax-Related Items are not collected from or paid by Participant within 90 days
of the Taxable Event, the amount of any uncollected Tax-Related Items may constitute a benefit to Participant on which additional income tax and national insurance contributions may be payable. Participant acknowledges that the Company or the
Employer may recover any such additional income tax and national insurance contributions at any time thereafter by any of the means referred to in Section 2.6 of the Agreement. 

References to “withholding tax” or “Tax Obligations” in Sections 2.6(b)(4) and 2.8(d) of the Agreement shall include social security
contributions including national insurance contributions. 
 Data Privacy. By acceptance of this award of RSUs, Participant acknowledges and consents
to the collection, use, processing and transfer of personal data as described below. The Company, the Participant’s employer and the Company’s other Subsidiaries (all together, the “Avago Entities”) hold certain
personal information, including Participant’s name, home address and telephone number, date of birth, social security number or other employee tax identification number, employment history and status, salary, nationality, job title, and any
equity compensation grants or Ordinary Shares awarded, cancelled, purchased, vested, unvested or outstanding in Participant’s favor, for the purpose of managing and administering the Plan (“Data”). The Avago Entities
will transfer Data to third parties in the course of its or their business, including for the purpose of assisting the Company in the implementation, administration and management of the Plan. The Avago Entities may also make the Data available to
public authorities where required under locally applicable law. These recipients may be located in the United States, the European Economic Area, or elsewhere in the world, which Participant separately and expressly consents to, accepting that
outside the European Economic Area, data protection laws may not be as protective as within. Participant hereby authorizes the Avago Entities and all such third parties to receive, possess, use, retain, process and transfer the Data, in electronic
or other form, in the course of the Avago Entities’ respective businesses, including for the purposes of implementing, administering and managing participation in the Plan, and including any requisite transfer of such Data as may be required
for the administration of the Plan on behalf of Participant to a third party with whom Participant may have elected to have payment made pursuant to the Plan. Participant may, at any time, review Data, require any necessary amendments to it or
withdraw the consent herein in writing by contacting the Company through its local H.R. Director; however, withdrawing the consent may affect Participant’s ability to participate in the Plan and receive the benefits intended by this award of
RSUs. Data will only be held as long as necessary to implement, administer and manage Participant’s participation in the Plan and any subsequent claims or rights. 

Acknowledgment of Nature of Plan and RSUs. In accepting this Agreement, Participant acknowledges that: 

(a) for labor law purposes, RSUs and Ordinary Shares issued upon vesting thereof are an extraordinary item that do not constitute wages of any kind for
services of any kind rendered to the Company or to Participant’s Employer, and the grant of RSUs is outside the scope of Participant’s employment contract; 

  
 A-18 

 (b) for labor law purposes, the grant of RSUs and the Ordinary Shares issued upon vesting thereof are not part of
normal or expected wages or salary for any purposes, including, but not limited to, calculation of any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, holiday pay, long-service awards, pension or
retirement benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company, the employer, its parent, or any Subsidiary or Affiliate of the Company; 

(c) RSUs and the Ordinary Shares issued upon vesting thereof are not intended to replace any pension rights or compensation; 

(d) neither the grant of RSUs nor any provision of this Agreement, the Plan or the policies adopted pursuant to the Plan confer upon Participant any right
with respect to employment or continuation of current employment and shall not be interpreted to form an employment contract or relationship with the Company or any Subsidiary or Affiliate; 

(e) the future value of the underlying Ordinary Shares is unknown and cannot be predicted with certainty; 

(f) in consideration of the grant of RSUs hereunder, no claim or entitlement to compensation or damages arises from termination of RSUs, and no claim or
entitlement to compensation or damages shall arise from forfeiture of the RSUs resulting from termination of Participant’s employment by the Company or an Affiliate (for any reason whatsoever and whether or not in breach of local labor laws)
and Participant irrevocably releases the Company and Participant’s employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, Participant shall be
deemed irrevocably to have waived Participant’s entitlement to pursue such claim; and 
 (g) in the event of termination of Participant’s
employment (whether or not in breach of local labor laws), Participant’s rights to vest in the RSUs under the Plan, if any, will terminate effective as of the date that Participant is no longer actively employed and will not be extended by any
notice period mandated under applicable local laws (e.g., active employment would not include a period of “garden leave” or similar period pursuant to applicable local laws); the Committee shall have the exclusive discretion to
determine when Participant is no longer actively employed for purposes of Participant’s RSUs. 

  
 A-19EX-4.7

 Exhibit 4.7 

EXECUTION COPY 
 THIS WARRANT AND THE CAPITAL
STOCK ISSUABLE UPON EXERCISE HEREOF HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. SUCH SECURITIES MAY NOT
BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED, DISTRIBUTED, TRANSFERRED OR OTHERWISE DISPOSED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR AN OPINION OF COUNSEL SATISFACTORY TO THE
COMPANY STATING THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT. 
 THE SALE, ASSIGNMENT, HYPOTHECATION, PLEDGE, ENCUMBRANCE OR OTHER DISPOSITION AND
VOTING OF ANY OF THE SHARES OF SERIES C PREFERRED STOCK OF THE COMPANY ACQUIRED PURSUANT TO THE EXERCISE OF THIS WARRANT ARE RESTRICTED BY THE TERMS OF THE SIXTH AMENDED AND RESTATED STOCKHOLDERS’ AGREEMENT (THE “STOCKHOLDERS’
AGREEMENT”), DATED AS OF MARCH 28, 2013, AMONG THE COMPANY AND CERTAIN OF ITS STOCKHOLDERS. THE COMPANY WILL NOT REGISTER THE TRANSFER OF SUCH SHARES OF SERIES C PREFERRED STOCK ON THE BOOKS OF THE COMPANY UNLESS AND UNTIL THE TRANSFER HAS
BEEN MADE IN COMPLIANCE WITH THE TERMS OF THE STOCKHOLDERS’ AGREEMENT, A COPY OF WHICH WILL BE PROVIDED AT NO COST TO THE HOLDER HEREOF UPON WRITTEN REQUEST TO THE COMPANY. 

 

			
	 Warrant No. __
 Date of Issuance:
                    , 2013
	  	
                          
            Number of Shares:
                            

                          
            (subject to adjustment)

  
  

ASPEN AEROGELS, INC. 
 SERIES C
PREFERRED STOCK PURCHASE WARRANT 
  
  

ASPEN AEROGELS, INC. (the “Company”), for value received, hereby certifies that [REGISTERED HOLDER], or its registered
assigns (the “Registered Holder”), is entitled, subject to the terms set forth herein, to purchase from the Company, at any time after the date hereof and on or before March 28, 2023 (the “Expiration Date”), up
to [            ] ([            ]) shares, as adjusted from time to time pursuant to the provisions of this Warrant, of Series C
Preferred Stock of the Company, par value $0.00001 per share, at an exercise price of $0.00001 per share. As used herein, “Series C Preferred Stock” shall mean the shares of preferred stock designated as Series C Convertible
Preferred Stock, par 

 
value $0.00001 per share, as of the Date of Issuance of this Warrant under the Company’s Fourth Amended and Restated Certificate of Incorporation, as amended (the “Certificate of
Incorporation”). The security and the specific shares issuable upon exercise of this Warrant and the exercise price per share, each as adjusted from time to time pursuant to the provisions of this Warrant, are sometimes hereinafter referred
to as the “Underlying Stock,” the “Warrant Stock” and the “Exercise Price,” respectively. 

This Warrant is one of several warrants issued pursuant to that certain Note and Warrant Purchase Agreement, dated March 28, 2013 between
the Company and the purchasers signature thereto (the “Agreement”). Capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Agreement. 

1. EXERCISE OF WARRANT 
 Section 1.1.
Payment. Subject to compliance with the terms and conditions of this Warrant and applicable securities laws, this Warrant may be exercised by the Registered Holder, in whole or in one or more parts, at any time or from time to time, on or
before the Expiration Date by the delivery of the form of Notice of Exercise attached hereto as Exhibit A (the “Notice of Exercise”), duly executed by the Registered Holder or by such Registered Holder’s duly
authorized attorney, to the principal office of the Company, or such other office or agency as the Company may designate, accompanied by this Warrant and payment in full of the aggregate Exercise Price payable in respect of the number of shares of
Warrant Stock purchased upon such exercise (the “Purchase Price”); provided, however, that if the Registered Holder is subject to HSR Act Restrictions (as defined in Section 1.4 below), the Purchase Price shall be paid
to the Company within five business days of the termination of all HSR Act Restrictions. The Purchase Price may be paid by cash, check or wire transfer of immediately available funds to the Company. Notwithstanding any provision of this Warrant to
the contrary, however, this Warrant may not be exercised if such exercise, either alone or together with the exercise of other Warrants or acquisitions of stock of the Company would (i) if the Registered Holder (other than GKFF Ventures I, LLC
and their affiliates, successors and assigns (“GKFF Ventures”) and Reservoir Capital Group, L.L.C. and their affiliates, successors and assigns (“Reservoir”)) is not a “5-percent shareholder” (within the
meaning of Section 382 of the Internal Revenue Code of 1986, as amended (the “Code”), cause the Registered Holder to become a 5-percent shareholder, (ii) if the Registered Holder (other than GKFF Ventures and Reservoir) is
a 5-percent shareholder, cause the percentage of stock of the Company treated as owned by the Registered Holder under Section 382 of the Code to increase, or (iii) cause the Registered Holder to own more than 50% of the stock of the
Company for purposes of Section 382 of the Code; provided, however, that the limitations described above shall not apply to any exercise in connection with an IPO, a Sale of the Corporation (as defined in the Certificate of
Incorporation) or Liquidation (as defined in the Certificate of Incorporation) of the Company and, provided further, that the limitations described in clauses (i) and (ii) above may be waived by the Company’s Board of
Directors with respect to a Registered Holder. Each Registered Holder hereby agrees that, prior to exercising its Warrant(s) or a portion thereof, it shall first provide written notice to GKFF Ventures and Reservoir at least three business days
prior to such exercise, which notice shall specify the number of shares of Warrant Stock intended to be exercised. Any exercise of this Warrant other than in accordance with the foregoing limitation shall be void ab initio. 

  
 2 

 Section 1.2. Net Issue Exercise. 

(a) In lieu of exercising this Warrant in the manner provided in Section 1.1, the Registered Holder may elect to receive shares of Warrant
Stock equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with the Notice of Exercise duly executed by the Registered Holder or such Registered
Holder’s duly authorized attorney, in which event the Company shall issue to the Registered Holder a number of shares of Warrant Stock computed using the following formula: 

X =       Y (A - B) 

                    A 

 

					
	Where  	  	X =	  	 The number of shares of Warrant Stock to be issued to the Registered Holder.

 

		  	Y =	  	 The number of shares of Warrant Stock exercised under this Warrant (as adjusted to the date of such calculation).

 

		  	A =	  	 The Fair Market Value of one share of Warrant Stock (as adjusted to the date of such calculation).

 

		  	B =	  	The Exercise Price (as adjusted to the date of such calculation).

 All references herein to an “exercise” of the Warrant in this Warrant shall include an exchange pursuant to this
Section 1.2. 
 (b) Subject to Section 1.3(b), for purposes of this Warrant, the term “Fair Market Value” of a
share of Warrant Stock as of a particular date shall mean: 
 (i) If the Underlying Stock is traded on a securities exchange,
the Fair Market Value shall be deemed to be the average of the closing prices thereof on such exchange over the 10 trading days ending immediately prior to (but not including) the applicable date of valuation; 

(ii) If the Underlying Stock is actively traded over-the-counter, the Fair Market Value shall be deemed to be the average of
the closing bid prices over the 10-day period ending immediately prior to (but not including) the applicable date of valuation; 

  
 3 

 (iii) If there is no active public market for the Underlying Stock but there is
an active public market for a class or series of capital stock of the Company into which the Underlying Stock is convertible, then if such class or series of capital stock is: 

(A) traded on a securities exchange, the Fair Market Value shall be deemed to be the average of the closing prices of a share
of such class or series of capital stock of the Company on such exchange over the 10 trading days ending immediately prior to (but not including) the applicable date of valuation multiplied by the number of shares of such class or series of capital
stock into which one share of the Underlying Stock is convertible, or 
 (B) actively traded over-the-counter, the Fair
Market Value shall be deemed to be the average of the closing bid prices for a share of such class or series of capital stock of the Company over the 10-day period ending immediately prior to (but not
including) the applicable date of valuation multiplied by the number of shares of such class or series of capital stock into which one share of the Underlying Stock is convertible; or 

(iv) If there is no active public market for the Underlying Stock or any other class or series of capital stock of the Company
into which the Underlying Stock is convertible, the Fair Market Value shall be the highest price per share which the Company could obtain on the date of calculation from a willing buyer (not a current employee or director) for shares of Underlying
Stock sold by the Company, from authorized but unissued shares, as reasonably determined in good faith by the Board of Directors. 
 If the Registered
Holder hereof does not agree with the determination of Fair Market Value as determined by the Board of Directors, the Company and the Registered Holder hereof shall negotiate an appropriate Fair Market Value. If after ten (10) days, the Company
and the Registered Holder cannot agree, then the Registered Holder may request that the Fair Market Value be determined by a valuation firm of national reputation selected by the Company and reasonably acceptable to the Registered Holder. The fees
and expenses of such valuation firm shall be borne by the Company unless the Fair Market Value determined by such valuation firm is equal to or less than the Fair Market Value as determined by the Company, in which event the fees and expenses of
such valuation firm shall be borne by the Registered Holder hereof. Notwithstanding the foregoing, if a two-thirds majority of the holders of Warrants issued pursuant to the Agreement outstanding at such date agree with the determination of Fair
Market Value as determined by the Board of Directors, then such determination of Fair Market Value shall be final and binding upon such Registered Holder. 

Section 1.3 Significant Transactions. 

(a) The Company shall provide the Registered Holder with written notice of the Company’s intention to: 

(i) raise capital by selling shares of the Underlying Stock (or shares of capital stock into which Underlying Stock is
convertible) in a firm commitment underwritten initial public offering (an “IPO” and, such notice of an IPO, an “IPO Notice”), or 

  
 4 

 (ii) enter into a definitive agreement providing for (A) a merger or
consolidation of the Company or any of its subsidiaries with or into another corporation (with respect to which less than a majority of the outstanding voting power or equity securities of the surviving or consolidated corporation immediately
following such event is held by persons or entities who were stockholders of the Company immediately prior to such event); (B) the sale, license, disposition or other transfer of all or substantially all of the properties and assets of the
Company or any of its subsidiaries; (C) except as a result of the exercise of the Warrants by the Warrant holders or the conversion of either the Notes or the Prior Notes by the holders of such notes, (x) any acquisition by any person (or
group of affiliated or associated persons) of beneficial ownership of a majority of the equity of the Company or of any subsidiary (whether or not newly-issued shares) in a single transaction or a series of related transactions; or (y) any
other similar change of control of fifty percent (50%) or more of the outstanding voting power of the Company or any subsidiary (each, an “Acquisition” and, such notice of an Acquisition, an “Acquisition
Notice”), 
 with such notice delivered to the Registered Holder at least five but not more than 90 days before the anticipated date of the filing
with the Securities and Exchange Commission (the “SEC”) of the registration statement associated with an IPO or the anticipated date of execution of the definitive agreement providing for an Acquisition, as applicable. An IPO Notice
or Acquisition Notice, as applicable, shall include a brief summary of the transaction, the contemplated timeframe for completion, the material terms thereof and the consideration payable in respect of one share of Underlying Stock (or shares of
capital stock into which Underlying Stock is convertible), in each case to the extent known by the Company at such time. To the extent information with respect to the consideration payable in respect of one share of Underlying Stock (or shares of
capital stock into which Underlying Stock is convertible) in such transaction is not definitively known at the time of delivery of such notice, the Company shall provide a reasonable estimate thereof (which may include a range), and shall promptly
supplement such notice if and at such time as such estimate or any other information included in the original notice is no longer reasonable or materially changes. The Registered Holder shall provide notice to the Company within five business days
of receipt of the IPO Notice or the Acquisition Notice, as applicable, if the Registered Holder will exercise this Warrant pursuant to this Section 1.3 in connection with the IPO or the Acquisition, as applicable. If the Registered Holder is
electing to exercise this Warrant in part or in full, such notice shall be given pursuant to the Notice of Exercise. 
 (b) An exercise of
the Warrant pursuant to this Section 1.3 shall be effected in accordance with Section 1.2, except as otherwise set forth in this Section 1.3. Notwithstanding whether (i) an IPO Notice has been delivered to the Registered Holder
or any other provision of this Warrant to the contrary, if the Registered Holder decides to exercise this Warrant while a registration statement is on file with the SEC in connection with the IPO, or (ii) an Acquisition Notice has been
delivered to the Registered Holder or any other provision of this Warrant to the contrary, if the Registered Holder decides to exercise this Warrant following the execution of a definitive agreement providing for an

  
 5 

 
Acquisition but prior to the consummation of the Acquisition, this Warrant shall automatically be deemed exercised immediately prior to the consummation of the IPO or Acquisition, as applicable,
and the Fair Market Value of a share of Warrant Stock will be, (x) in the context of an IPO, the price at which one share of Underlying Stock was sold to the public in the IPO, or if the Underlying Stock is not the capital stock being offered
to the public in the IPO, the price at which one share of the capital stock being offered to the public in the IPO was sold to the public in the IPO multiplied by the number of shares of such capital stock into which one share of Underlying Stock is
then convertible, or (y) in the context of an Acquisition, the deemed value of the consideration payable in respect of one share of Underlying Stock to be received by the holders of such stock pursuant to the definitive agreement providing for
such Acquisition. 
 (c) If the Registered Holder has elected to exercise this Warrant pursuant to this Section 1.3 while a registration
statement is on file with the SEC in connection with an IPO or prior to the consummation of the Acquisition, as applicable, and the transaction triggering the delivery of an IPO Notice or Acquisition Notice, as applicable, is not consummated, then
the exercise of this Warrant shall not be effective unless the Registered Holder confirms in writing the Registered Holder’s intention to go forward with the exercise of this Warrant. 

Section 1.4 HSR Act. The Company hereby acknowledges that exercise of this Warrant by the Registered Holder may subject the
Company and/or the Registered Holder to the filing requirements under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) and that the Registered Holder may be prevented from exercising this Warrant until the
expiration or early termination of all waiting periods imposed by the HSR Act (“HSR Act Restrictions”). If on or before the Expiration Date the Registered Holder has delivered the Notice of Exercise to the Company and the Registered
Holder has not been able to complete the exercise of this Warrant prior to the Expiration Date because of HSR Act Restrictions, the Registered Holder shall be entitled to complete the process of exercising this Warrant as noted in the Notice of
Exercise delivered prior to the Expiration Date in accordance with the procedures set forth herein notwithstanding the fact that completion of such exercise would take place after the Expiration Date or the completion of the IPO or an Acquisition,
as applicable. 
 Section 1.5 Effective Time of Exercise. Subject to Section 1.3, the exercise of this Warrant shall be
deemed to have been effected immediately prior to the close of business on the day on which this Warrant shall have been surrendered to the Company as provided in Section 1.1 or Section 1.2 above, as applicable. However, if the Registered
Holder is subject to HSR Act filing requirements (a) this Warrant shall be deemed to have been exercised on the date immediately following the date of the expiration of all HSR Act Restrictions and (b) for the purposes of the net issue
provisions of Section 1.2, the Fair Market Value of one share of Warrant Stock shall be determined as of the date of the Notice of Exercise. The person entitled to receive the shares of Warrant Stock issuable upon exercise of this Warrant shall
be treated for all purposes as the holder of record of such shares as of the close of business on the date the Registered Holder is deemed to have exercised this Warrant. 

  
 6 

 Section 1.6. Stock Certificates; Fractional Shares; Partial Exercise. 

(a) As soon as practicable on or after the date of exercise determined in accordance with Section 1.5, the Company shall issue the shares
of Warrant Stock and, unless the Registered Holder requests that such shares be uncertificated, deliver to the person or persons entitled to receive the shares of Warrant Stock issuable upon exercise hereof, a certificate or certificates for the
number of whole shares of Warrant Stock issuable upon such exercise. 
 (b) No fractional shares or scrip representing fractional shares
shall be issued upon an exercise of this Warrant. In lieu of any fraction shares which would otherwise be issuable, the Company shall pay cash equal to the product of such fraction multiplied by the Fair Market Value of one share of Warrant Stock on
the date of exercise determined in accordance with Section 1.5. 
 (c) In case of any partial exercise of this Warrant, the Company
shall cancel this Warrant and shall execute and deliver a new warrant or warrants (dated the date hereof) of like tenor and with the same date, calling in the aggregate on the face or faces thereof for the number of shares of Warrant Stock equal
(without giving effect to any adjustment thereof) to the number of such shares called for on the face of this Warrant minus the number of such shares purchased by the Registered Holder upon such exercise as provided in this Section 1 (without
giving effect to any adjustment thereof). 
 Section 1.7. Stockholders’ Agreement. If the Registered Holder is not already
a party thereto, the Registered Holder shall also execute a joinder agreement to each of the Stockholders’ Agreement and the Sixth Amended and Restated Registration Rights Agreement, dated as of June 11, 2012, as may be amended and
modified from time to time. 
 Section 1.8. Payment of Taxes. The Company shall pay all expenses, taxes and other governmental
charges with respect to the issue or delivery of the shares of Warrant Stock, unless such tax or charge is imposed by law upon the Registered Holder. 

2. ADJUSTMENT OF NUMBER OF SHARES AND EXERCISE PRICE 

The number of shares of Warrant Stock issuable upon exercise of this Warrant and the Exercise Price are subject to adjustment as follows: 

Section 2.1. Adjustment for Stock Splits, Stock Subdivisions or Combinations of Shares. If all or any portion of the outstanding
shares of the Underlying Stock shall be subdivided into a greater number of shares, the Exercise Price in effect immediately prior to such subdivision shall simultaneously with the effectiveness of such subdivision be proportionately reduced. If all
or any portion of the outstanding shares of the Underlying Stock shall be combined into a smaller number of shares, the Exercise Price in effect immediately prior to such combination shall, simultaneously with the effectiveness of such combination,
be proportionately increased. When any adjustment is required to be made in the Exercise Price, the number of shares of Warrant Stock purchasable upon the exercise of this Warrant shall be changed to the number determined by dividing (a) an
amount equal to the number of shares issuable upon the exercise of this Warrant immediately prior to such adjustment, multiplied by the Exercise Price in effect immediately prior to such adjustment, by (b) the Exercise Price in effect
immediately after such adjustment. 

  
 7 

 Section 2.2. Adjustment for Dividends or Distributions of Stock or Other Securities or
Property. In case the Company shall make or issue, or shall fix a record date for the determination of eligible holders entitled to receive, a dividend or other distribution with respect to all or any portion of the outstanding shares of the
Underlying Stock payable in (a) securities of the Company or (b) assets (excluding cash dividends paid or payable solely out of retained earnings), then, in each such case, the Registered Holder on exercise hereof at any time after the
consummation, effective date or record date of such dividend or other distribution, shall receive, in addition to the shares of Warrant Stock issuable on such exercise prior to such date, and without the payment of additional consideration therefor,
the securities or such other assets of the Company to which the Registered Holder would have been entitled upon such date if the Registered Holder had exercised this Warrant on the date hereof and had thereafter, during the period from the date
hereof to and including the date of such exercise, retained such shares and/or all other additional stock available by it as aforesaid during such period giving effect to all adjustments called for by this Section 2. 

Section 2.3. Reclassification. If the Company, by reclassification of securities or otherwise, shall change the Underlying Stock
into the same or a different number of securities of any other class or classes, this Warrant shall thereafter represent the right to acquire such number and kind of securities as would have been issuable as the result of such change with respect to
the Underlying Stock immediately prior to such reclassification or other change and the Exercise Price therefore shall be appropriately adjusted, all subject to further adjustment as provided in this Section 2. 

Section 2.4. Adjustment for Capital Reorganization, Merger or Consolidation. In case of any capital reorganization of the capital
stock of the Company (other than a combination, reclassification, exchange or subdivision of shares otherwise provided for herein), any Acquisition or any other merger or consolidation of the Company with or into another organization, or the sale of
all or substantially all the assets of the Company then, and in each such case, as a part of such transaction, lawful provision shall be made so that the Registered Holder shall thereafter be entitled to receive upon exercise of this Warrant, during
the period specified herein and upon payment of the applicable Purchase Price, the number of shares of stock or other securities or property of the successor organization resulting from such transaction that a holder of the securities deliverable
upon exercise of this Warrant would have been entitled to receive in such transaction if this Warrant had been exercised immediately before such transaction, all subject to further adjustment as provided in this Section 2. The foregoing
provisions of this Section 2.4 shall similarly apply to successive acquisitions, reorganizations, consolidations, mergers, sales, transfers and similar transactions and to the stock or securities of any other organizations that are at the time
receivable upon the exercise of this Warrant. If the per-share consideration payable to the Registered Holder for shares in connection with any such transaction is in a form other than cash, then the provisions of Section 1.2(b) shall be
applied except that 

  
 8 

 
each reference to Warrant Stock shall be replaced by the consideration payable in connection with such transaction. If the provisions of Section 1.2(b) cannot be applied to value such
consideration, then the value of such consideration shall be determined in good faith by the Company’s Board of Directors. In all events, appropriate adjustment, as determined in good faith by the Company’s Board of Directors, shall be
made in the application of the provisions of this Warrant with respect to the rights and interests of the Registered Holder after the transaction, to the end that the provisions of this Warrant shall be applicable after that event, as near as
reasonably may be, in relation to any shares or other property deliverable after that event upon exercise of this Warrant. Notwithstanding the foregoing, if the Company’s Board of Directors and a two-thirds majority of the holders of Warrants
issued pursuant to the Agreement then outstanding agree, in any such Acquisition or any other acquisition, reorganization, merger, consolidation, sale or transfer described above, the Warrants issued pursuant to the Agreement will be converted into
the right to receive the consideration that the Warrant Stock would receive in such transaction and upon the consummation of such transaction the Warrants will cease to be outstanding. 

Section 2.5 Certificate as to Adjustments. When any adjustment in the Exercise Price or the number or type of shares issuable upon
exercise of this Warrant is required to be made pursuant to this Section 2, an authorized officer of the Company shall compute such adjustment in accordance with the terms of this Warrant and prepare a certificate setting forth (a) a brief
statement of the facts upon which such adjustment is based, (b) the Exercise Price after such adjustment and (c) the kind and amount of stock into which this Warrant shall be exercisable after such adjustment. The Company shall promptly
send (by facsimile and by either first class mail, postage prepaid or overnight delivery) a copy of each such certificate to the Registered Holder. 
 3.
TRANSFERS 
 Section 3.1 Unregistered Securities. Each holder of this Warrant acknowledges that this Warrant and the Warrant
Stock have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and agrees not to sell, offer for sale, pledge, hypothecate, distribute, transfer or otherwise dispose of this Warrant or any
Warrant Stock issued upon its exercise in the absence of (a) an effective registration statement under the Securities Act as to this Warrant or such Warrant Stock and registration or qualification of this Warrant or such Warrant Stock under any
applicable U.S. federal or state securities law then in effect, or (b) an opinion of counsel (which may be counsel for the Company), satisfactory to the Company, that such registration and qualification are not required. Each certificate or
other instrument for Warrant Stock issued upon the exercise of this Warrant pursuant to Section 1.6(a), or in the case of uncertificated shares, the ledger entry reflecting the issuance of such Warrant Stock, shall bear a legend substantially
as follows: 
 “THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR
DISTRIBUTION THEREOF AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. SUCH SHARES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED, 

  
 9 

 
DISTRIBUTED, TRANSFERRED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS THE COMPANY RECEIVES AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY STATING THAT SUCH SALE OR
TRANSFER IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SAID ACT. 
 THE SALE, ASSIGNMENT, HYPOTHECATION, PLEDGE, ENCUMBRANCE OR
OTHER DISPOSITION AND VOTING OF SUCH SHARES ARE RESTRICTED BY THE TERMS OF THE SIXTH AMENDED AND RESTATED STOCKHOLDERS’ AGREEMENT, DATED AS OF MARCH 28, 2013, AMONG THE COMPANY AND CERTAIN OF ITS STOCKHOLDERS. THE COMPANY WILL NOT REGISTER THE
TRANSFER OF SUCH SHARES ON THE BOOKS OF THE COMPANY UNLESS AND UNTIL THE TRANSFER HAS BEEN MADE IN COMPLIANCE WITH THE TERMS OF THE STOCKHOLDERS’ AGREEMENT, A COPY OF WHICH WILL BE PROVIDED AT NO COST TO THE HOLDER HEREOF UPON WRITTEN REQUEST
TO THE COMPANY.” 
 Section 3.2 Transferability. 

(a) Subject to the provisions of this Warrant, including Sections 3.1 and 6.5, and the Stockholders’ Agreement and compliance with all
applicable securities laws, this Warrant and all rights and obligations hereunder may be transferred to any person, in whole or in part, on the books of the Company maintained pursuant to Section 3.3 upon surrender of the Warrant with a
properly executed form of Assignment attached hereto as Exhibit B (the “Form of Assignment”) at the principal office of the Company. Upon the proper surrender by the Registered Holder of the Warrant, the Company will
issue and deliver to or upon the order of the Registered Holder a new Warrant or Warrants of like tenor as such Registered Holder may direct, calling in the aggregate on the face or faces thereof for the number of shares of Warrant Stock called for
on the face of the Warrant so surrendered; provided, however, that no such transfer may be made to any direct competitor of the Company, which shall mean a Person engaged in the research, manufacture or sale of aerogels, aerogel based products or
insulation products, other than in connection with a Sale of the Corporation (as defined in the Certificate of Incorporation). The Company may issue stop transfer instructions to its transfer agent in connection with the foregoing restrictions. 

(b) Each taker and holder of this Warrant, by taking or holding the same, consents and agrees that when this Warrant shall have been so
endorsed, the person in possession of this Warrant may be treated by the Company, and all other persons dealing with this Warrant, as the absolute owner hereof and as the Registered Holder for any purpose and as the person entitled to exercise the
rights represented hereby, any notice to the contrary notwithstanding. 
 Section 3.3 Warrant Register. The Company will
maintain a register containing the names and addresses of the Registered Holder of this Warrant, and will promptly update such register to reflect any transfers in compliance with the terms hereof. Any Registered Holder may change such Registered
Holder’s address as shown on the warrant register by written notice to the Company requesting such change. 

  
 10 

 4. COVENANTS OF THE COMPANY 

Section 4.1 Reservation of Capital Stock. The Company hereby covenants that at all times there shall be reserved for issuance and
delivery upon exercise of this Warrant such number of shares of Underlying Stock as may be issuable from time to time upon exercise hereof in full and any common stock of the Company issuable from time to time upon conversion of such Underlying
Stock and, from time to time, will take all steps necessary to amend its Certificate of Incorporation to provide sufficient reserves of shares of Underlying Stock and common stock of the Company. 

Section 4.2 No Impairment. The Company will not, by amendment of its Certificate of Incorporation or Bylaws, or through
reorganization, consolidation, merger, dissolution, issue or sale of securities, sale of assets or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, but will at all times in good
faith assist in the carrying out of all such terms and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the Registered Holder against impairment. 

Section 4.3 Replacement Warrants. Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction
or mutilation of this Warrant, and, in the case of loss, theft or destruction, of such bond or indemnification as the Company may reasonably require, and, in the case of such mutilation, upon surrender and cancellation of this Warrant, the Company
will issue, in lieu thereof, a new Warrant of like tenor. 

 5. NOTICES 

 Section 5.1 Record Dates. Notwithstanding the provisions of Section 1.3, in case: 

(a) the Company shall set a record date for the holders of the Underlying Stock for the purpose of entitling or enabling them to receive any
dividend or other distribution (excluding cash dividends paid or payable solely out of retained earnings), or to receive any right to subscribe for or purchase any shares of stock of any class or any other securities, or to receive any other right;

 (b) of any capital reorganization of the Company, any reclassification of the capital stock of the Company, any consolidation or merger
of the Company with or into another organization (other than a consolidation or merger in which the Company is the surviving entity), or any transfer of all or substantially all of the assets of the Company; or 

(c) of the voluntary or involuntary dissolution, liquidation or winding-up of the Company, 

  
 11 

 then, and in each such case, the Company will mail or cause to be mailed to the Registered Holder of this Warrant
a notice specifying, as the case may be, (i) the record date for the purpose of such dividend, distribution or right, and stating the amount and character of such dividend, distribution or right, or (ii) the effective date on which such
reorganization, reclassification, consolidation, merger, transfer, dissolution, liquidation or winding-up is to take place, and the time, if any is to be fixed, as of which the holders of record of capital stock of the Company (or such other
securities at the time deliverable upon such reorganization, reclassification, consolidation, merger, transfer, dissolution, liquidation or winding-up) are to be determined and the material terms and conditions of the impending transaction. In each
such case, the notice shall be provided at least five business days prior to the record date or effective date for the event specified in such notice, in each case in accordance with the provisions of Section 5.2. 

Section 5.2 Generally. Unless otherwise provided herein, any notice required or permitted by this Warrant shall be in writing and
shall be deemed sufficient upon delivery, when delivered personally or by overnight courier or sent by facsimile or electronic mail, or 48 hours after being deposited in the U.S. mail, as certified or registered mail, with postage prepaid, addressed
to the party to be notified at such party’s address as set forth on the signature page, or as subsequently modified by written notice. 
 6.
MISCELLANEOUS 
 Section 6.1 No Rights or Liabilities as a Stockholder. This Warrant shall not entitle the Registered Holder
to any voting rights or other rights as a stockholder of the Company. In the absence of affirmative action by the Registered Holder to purchase Warrant Stock by exercise of this Warrant, no provisions of this Warrant, and no enumeration herein of
the rights or privileges of the Registered Holder hereof, shall cause the Registered Holder to be or have any rights of a stockholder of the Company for any purpose. 

Section 6.2 Survival of Representations and Warranties. Unless otherwise set forth in this Warrant, the warranties,
representations and covenants of the Company and the Registered Holder contained in or made pursuant to this Warrant shall survive the execution and delivery of this Warrant. 

Section 6.3 Amendment and Modification. This Warrant is one in a series of Warrants issued pursuant to the Agreement and this
Warrant may not be amended, modified or supplemented in any manner, whether by course of conduct or otherwise, except by an instrument in writing specifically designated as an amendment hereto, signed by the Company and a two-thirds majority of the
holders of Warrants issued pursuant to the Agreement outstanding at the time of the amendment. Notwithstanding the foregoing, this Warrant may not be amended or terminated with respect to the Registered Holder without the written consent of the
Registered Holder unless such amendment or termination applies to all holders of Warrants issued pursuant to the Agreement in the same fashion. 

  
 12 

 Section 6.4 Waiver. No failure or delay of any party in exercising any right or
remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such right or power, or any course of conduct, preclude any other or
further exercise thereof or the exercise of any other right or power. Any agreement on the part of a party hereto to waive any right or power hereunder shall be valid only if set forth in a written instrument executed and delivered by the Company
and a two-thirds majority of the holders of Warrants issued pursuant to the Agreement outstanding at the time of the waiver. Notwithstanding the foregoing and except as provided otherwise herein, no provision, right or power under this Warrant may
be waived with respect to the Registered Holder without the written consent of the Registered Holder unless such waiver applies to all holders of Warrants issued pursuant to the Agreement in the same fashion. The rights and remedies of the parties
hereunder are cumulative and are not exclusive of any rights or remedies which they would otherwise have hereunder. 
 Section 6.5
Assignment; Successors and Assigns. This Warrant and any of the rights, interests or obligations under this Warrant may be assigned or delegated, in whole or in part, by operation of law or otherwise, by the Registered Holder in compliance
with the terms of this Warrant, applicable securities laws and the Stockholders’ Agreement. Subject to the preceding sentence, this Warrant will be binding upon, inure to the benefit of, and be enforceable by, the parties and their respective
successors and assigns. 
 Section 6.6 Interpretation. When a reference is made in this Warrant to a Section or Exhibit such
reference shall be to a Section or Exhibit of this Warrant unless otherwise indicated. The headings contained in this Warrant or in any Exhibit are for convenience of reference purposes only and shall not affect in any way the meaning or
interpretation of this Warrant. All words used in this Agreement will be construed to be of such gender or number as the circumstances require. Any capitalized terms used in any Exhibit but not otherwise defined therein shall have the meaning as
defined in this Warrant. All Exhibits annexed hereto or referred to herein are hereby incorporated in and made a part of this Warrant as if set forth herein. The word “including” and words of similar import when used in this Agreement will
mean “including, without limitation,” unless otherwise specified. 
 Section 6.7 Governing Law. This Warrant and all
disputes or controversies arising out of or relating to this Warrant or the transactions contemplated hereby shall be governed by, and construed in accordance with, the internal laws of the State of Delaware, without regard to the laws of any other
jurisdiction that might be applied because of the conflicts of laws principles of the State of Delaware. 
 Section 6.8
Severability. Whenever possible, each provision or portion of any provision of this Warrant shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision or portion of any provision of this
Warrant is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or portion of any provision in such
jurisdiction, and this Warrant shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision or portion of any provision had never been contained herein. 

  
 13 

 Section 6.9 Counterparts. This Warrant may be executed in two or more counterparts,
all of which shall be considered one and the same instrument and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties. 

[The remainder of this page is intentionally left blank.] 

  
 14 

 IN WITNESS WHEREOF, the parties hereto have executed this Warrant as of the Effective
Date. 
  

			
	ASPEN AEROGELS, INC.
		
	By:	 	  

	Name:
	Title:
	Address:
	
	Attention:
	Facsimile:
	E-mail:

  

			
	Acknowledged and Agreed:
	
	REGISTERED HOLDER:
	
	  
 Name of Registered
Holder (Print or Type)

		
	By:	 	              

		 	Name of Entity
		 	Its:
	(Complete above if another entity signs for Registered Holder listed above)
		
	By:	 	              

		 	Name:
		 	Title:
	(Signature, name and title for individuals signing for entity)
	
	Address:
	
	Attention:
	Facsimile:
	E-mail:

 Signature Page to Series C Preferred Stock Purchase Warrant 

Warrant No.              

 EXHIBIT A 

NOTICE OF EXERCISE 

SERIES C PREFERRED STOCK PURCHASE WARRANT 

(To be executed upon exercise of Warrant No.     ) 

The undersigned hereby irrevocably elects to exercise the right of purchase represented by Warrant No.      for, and to
purchase thereunder, the securities of ASPEN AEROGELS, INC. as provided for therein, and (check the applicable box(es)): 
  

	 	 ̈	Tenders herewith payment of the Purchase Price in the form of cash or a certified or official bank check in same-day funds (or has initiated a wire) in the amount of
$            for             shares of Warrant Stock. 

 

	 	 ̈	Elects a Net Issue Exercise pursuant to Section 1.2 (or Section 1.3), and accordingly requests delivery of a net of             shares of Warrant
Stock, calculated in accordance with Section 1.2. 

 Such Notice is being provided in response to (if applicable): 

 

											
		 	 ̈	  	IPO Notice	  	 ̈	  	Acquisition Notice	  	

 Note: The above signature must correspond to the name as written upon the face of the Warrant in every particular, without
alteration or any change whatsoever. If said number of Warrant Shares shall not be all of the Warrant Shares purchasable under the Warrant, a new Warrant is to be issued in the name of said undersigned for the balance remaining of the Warrant Shares
purchasable thereunder. 
 Notice of Exercise 

 EXHIBIT B 

ASSIGNMENT 
 SERIES C
PREFERRED STOCK PURCHASE WARRANT 
 (To be executed upon assignment of Warrant No.     ) 

For value received, the undersigned hereby sells, assigns and transfers unto
                                the within Warrant, together with all right, title and
interest therein, and does hereby irrevocably constitute and appoint
                                attorney, to transfer said Warrant on the books of ASPEN
AEROGELS, INC. with respect to the number of shares of Warrant Stock set forth below, with full power of substitution in the premises: 
  

							
	 Name(s) of Assignee(s)
	 	 	 	 Address
	 	 # of Shares of Warrant Stock

	  
	 	 	 	  
	 	  

 And if said number of shares of Warrant Stock
shall not be all the number of shares of Warrant Stock represented by the Warrant, a new Warrant is to be issued in the name of said undersigned for the balance remaining of the Warrants registered by said Warrant. 

Dated:
                                        
                         

Signature:                        
                                   

Note: The signature to the foregoing Assignment must correspond to the name as written upon the face of the Warrant in every particular, without alteration or
any change whatsoever. 
 Form of Assignment 

 ASPEN AEROGELS, INC. 

AMENDMENT AND WAIVER NO. 1 

TO 
 SERIES C PREFERRED
STOCK PURCHASE WARRANTS 
 This Amendment and Waiver No. 1 to Series C Preferred Stock Purchase Warrants, dated March 28,
2013, and May 6, 2013 (this “Amendment”), is entered into as of August 7, 2013, by and between Aspen Aerogels, Inc., a Delaware corporation (the “Company”), and the parties listed on the signature pages
hereto, constituting the holders of at least a two-thirds majority of the Warrants (as defined below) currently outstanding (the “Requisite Holders”). Capitalized terms used in this Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Warrants (as defined below). 
 WHEREAS, the Company issued certain Series C Preferred
Stock Purchase Warrants, dated March 28, 2013, and May 6, 2013 (the “Warrants”), pursuant to that certain Note and Warrant Purchase Agreement, dated as of March 28, 2013, by and among the Company and the purchasers
signature thereto (the “Agreement”), to purchase shares of the Company’s Series C Convertible Preferred Stock, par value $0.00001 per share (the “Series C Preferred Stock”); 

WHEREAS, the Company will engage in a 1-for-10 reverse stock split (the “Reverse Stock Split”), effective as of
August 20, 2013, of each issued and outstanding share of the capital stock of the Company; and 
 WHEREAS, the Company and the
Requisite Holders, individually and on behalf of all holders of Warrants issued pursuant to the Agreement (the “Holders”), wish to amend and waive certain rights under each of the Warrants in accordance with Sections 6.3 and 6.4,
respectively, thereof. 
 NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein, the parties hereto
agree as follows: 
 1. Amendment. 

(a) Section 1.6(b) of the Warrants is hereby amended to append the following sentence to such section: 

“Notwithstanding the foregoing sentence, the Company shall issue one (1) whole share of Warrant Stock in lieu of payment by the
Company for any fractional share otherwise issuable upon the exercise of this Warrant after giving effect to the one-for-ten (1-for-10) combination of the Underlying Stock effective as of August 20, 2013, in accordance with Section 2.1
hereof.” 
 2. Waivers. 
 (a) The
Holders hereby waive in all respects any rights under Section 1.6(b) of the Warrants to receive cash from the Company in lieu of fractional shares which would otherwise be issuable upon exercise of such warrants after giving effect to the
Reverse Stock Split. 

 (b) The Holders hereby waive in all respects any rights to a certificate of adjustment from the
Company regarding the effect of the Reverse Stock Split on such warrants as may be required under the provisions of Section 2.5 of the Warrants. 
 3.
Except to the extent amended hereby, all of the terms, provisions and conditions of the Warrants are hereby ratified and confirmed and shall remain in full force and effect. 

4. The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any party under any Warrant, nor
constitute an amendment of any provision of any Warrant, except as specifically set forth herein. 
 5. This Amendment may be executed in any number of
counterparts, each of which shall be deemed to be an original instrument and all which together shall constitute one and the same agreement. This Amendment may be executed by facsimile or by electronic or PDF file. 

[Signature Pages Follow] 

  
 - 2 - 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment and Waiver No. 1 to
Series C Preferred Stock Purchase Warrants as of the date first written above. 
  

					
	ASPEN AEROGELS, INC.
		
	By:	 	 /s/ John F. Fairbanks

		 	Name:	 	John F. Fairbanks
		 	Title:	 	Chief Financial Officer

  
 [Signature Page to
Aspen Aerogels, Inc. 
 Amendment and Waiver No. 1 to Series C Preferred Stock Purchase Warrants] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment and Waiver No. 1 to
Series C Preferred Stock Purchase Warrants as of the date first written above. 
  

					
	GKFF VENTURES I, LLC
		
	By:	 	 /s/ Robert Thomas

		 	Name:	 	Robert Thomas
		 	Title:	 	Manager

  
 [Signature Page to
Aspen Aerogels, Inc. 
 Amendment and Waiver No. 1 to Series C Preferred Stock Purchase Warrants] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment and Waiver No. 1 to
Series C Preferred Stock Purchase Warrants as of the date first written above. 
  

					
	RESERVOIR CAPITAL PARTNERS, L.P.
		
	By:	 	RCP GP, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Craig A. Huff

		 	Name:	 	Craig A. Huff
		 	Title:	 	Co-Chief Executive Officer
	
	RESERVOIR CAPITAL MASTER FUND, L.P.
		
	By:	 	Reservoir Capital Group, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Craig A. Huff

		 	Name:	 	Craig A. Huff
		 	Title:	 	Co-Chief Executive Officer

  
 [Signature Page to
Aspen Aerogels, Inc. 
 Amendment and Waiver No. 1 to Series C Preferred Stock Purchase Warrants] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment and Waiver No. 1 to
Series C Preferred Stock Purchase Warrants as of the date first written above. 
  

					
	ARCAPITA VENTURES I LIMITED
		
	By:	 	 /s/ John Huntz

		 	Name:	 	John Huntz
		 	Title:	 	Executive Director

  
 [Signature Page to
Aspen Aerogels, Inc. 
 Amendment and Waiver No. 1 to Series C Preferred Stock Purchase Warrants] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment and Waiver No. 1 to
Series C Preferred Stock Purchase Warrants as of the date first written above. 
  

					
	ROCKPORT CAPITAL PARTNERS, L.P.
		
	By:	 	RockPort Capital, L.L.C.
	Its:	 	General Partner
		
	By:	 	 /s/ Stoddard M. Wilson

		 	Name:	 	Stoddard M. Wilson
		 	Title:	 	Managing Member
	
	ROCKPORT CAPITAL PARTNERS II, L.P.
		
	By:	 	RockPort Capital II, L.L.C.
	Its:	 	General Partner
		
	By:	 	 /s/ Stoddard M. Wilson

		 	Name:	 	Stoddard M. Wilson
		 	Title:	 	Managing Member
	
	RP CO-INVESTMENT FUND I, L.P.
		
	By:	 	RP Co-Investments Fund I, GP, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Stoddard M. Wilson

		 	Name:	 	Stoddard M. Wilson
		 	Title:	 	Managing Member
	
	ROCKPORT SII, LLC
		
	By:	 	RockPort SGII, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Stoddard M. Wilson

		 	Name:	 	Stoddard M. Wilson
		 	Title:	 	Managing Member

  
 [Signature Page to
Aspen Aerogels, Inc. 
 Amendment and Waiver No. 1 to Series C Preferred Stock Purchase Warrants] 

 ASPEN AEROGELS, INC. 

AMENDMENT AND WAIVER NO. 2 

TO 
 SERIES C PREFERRED
STOCK PURCHASE WARRANTS 
 This Amendment and Waiver No. 2 to Series C Preferred Stock Purchase Warrants, dated March 28, 2013
and May 6, 2013 (this “Amendment”), is entered into as of May 30, 2014, by and between Aspen Aerogels, Inc., a Delaware corporation (the “Company”), and the parties listed on the signature pages hereto,
constituting the holders of at least a two-thirds majority of the Warrants (as defined below) currently outstanding (the “Requisite Holders”). Capitalized terms used in this Amendment and not otherwise defined herein shall have the
meanings ascribed thereto in the Warrants (as defined below). 
 WHEREAS, the Company and the Requisite Holders are parties to that
certain Note and Warrant Purchase Agreement, dated as of March 28, 2013 (the “Agreement”), pursuant to which the Company issued certain Series C Preferred Stock Purchase Warrants, dated March 28, 2013, and May 6,
2013, each as amended August 7, 2013 (collectively, as amended, the “Warrants”), to purchase shares of the Company’s Series C Convertible Preferred Stock, par value $0.00001 per share (the “Series C Preferred
Stock”); and 
 WHEREAS, the Company and the Requisite Holders, individually and on behalf of all holders of Warrants issued
pursuant to the Agreement (the “Holders”), wish to amend and waive certain rights under each of the Warrants in accordance with Sections 6.3 and 6.4, respectively, thereof. 

NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein, the parties hereto agree as follows:

 1. Amendments. 
 (a) The last two
sentences of Section 1.1 of each of the Warrants are hereby deleted in their entirety and the following sentences are substituted in lieu thereof: 

Each Registered Holder hereby agrees that, prior to exercising its Warrant(s) or a portion thereof, it shall first provide written notice to
GKFF Ventures and Reservoir at least three business days prior to such exercise, which notice shall specify the number of shares of Warrant Stock intended to be exercised; provided, however, that no such notice shall be required if the
Warrant is automatically exercised in connection with a Qualified IPO. Any exercise of this Warrant other than in accordance with the foregoing limitation shall be void ab initio, but such exercise shall not be void if the Warrant is automatically
exercised in connection with a Qualified IPO. 
 (b) The reference to “Section 1.3(b)” in the first sentence of
Section 1.2(b) of each of the Warrants is hereby deleted and replaced by the phrase “Section 1.3(d).” 

 (c) Section 1.3 of each of the Warrants is hereby deleted in its entirety and the following
Section 1.3 is substituted in lieu thereof: 
 Section 1.3 Significant Transactions. 

(a) In the event of a Qualified IPO (as defined below), but contingent upon the closing of such Qualified IPO, this Warrant will automatically
exercise in full in accordance with Section 1.2. As used herein, “Qualified IPO” means the first underwritten public offering of the common stock, par value $0.00001 per share (the “Common Stock”), of the
Company that results in the Common Stock being listed on a United States national securities exchange (such transaction, an “IPO”) and (i) that has a minimum gross offering size of at least $60 million or (ii) in
connection with which the holders of a majority of the then-outstanding principal amount of the Notes issued pursuant to the Agreement elect to convert such Notes into shares of Common Stock. 

(b) The Company shall provide the Registered Holder with written notice of an IPO (an “IPO Notice”) or Acquisition (as
defined below) (an “Acquisition Notice”) as soon as is reasonably practicable prior to the closing of such transaction, but in any case at least (10) business days prior to the closing of any such transaction. 

(i) As used herein, “Acquisition” means the Company’s intention to enter into a definitive agreement
providing for (A) a merger or consolidation of the Company or any of its subsidiaries with or into another corporation (with respect to which less than a majority of the outstanding voting power or equity securities of the surviving or
consolidated corporation immediately following such event is held by persons or entities who were stockholders of the Company immediately prior to such event); (B) the sale, license, disposition or other transfer of all or substantially all of
the properties and assets of the Company or any of its subsidiaries; (C) except as a result of the exercise of the Warrants by the Warrant holders or the conversion of either the Notes or the Prior Notes by the holders of such notes,
(x) any acquisition by any person (or group of affiliated or associated persons) of beneficial ownership of a majority of the equity of the Company or of any subsidiary (whether or not newly-issued shares) in a single transaction or a series of
related transactions; or (y) any other similar change of control of fifty percent (50%) or more of the outstanding voting power of the Company or any subsidiary. 

(c) An exercise of the Warrant pursuant to this Section 1.3 shall be effected in accordance with Section 1.2, except as otherwise
set forth in this Section 1.3. 
 (i) Notwithstanding any other provision herein to the contrary, upon the occurrence of
a Qualified IPO, this Warrant shall be automatically exercised without any further action by the Registered Holder and whether or not this Warrant is surrendered to the Company as provided in Section 1.2 above; provided, however, that the
Company shall not be obligated to issue certificates evidencing the shares of Warrant Stock issuable upon such exercise unless the Registered Holder surrenders this Warrant to the Company together with the Notice of Exercise as provided in
Section 1.2 above. 
 (ii) The Registered Holder shall provide notice to the Company within five business days of
receipt of the IPO Notice, in the case of an IPO that is not a Qualified IPO (a “Non-Qualified IPO”), or the Acquisition Notice, as applicable, if the 

  
 - 26 - 

 
Registered Holder will exercise this Warrant pursuant to this Section 1.3 in connection with the Non-Qualified IPO or the Acquisition, as applicable. If the Registered Holder is electing to
exercise this Warrant in part or in full, such notice shall be given pursuant to the Notice of Exercise. If the Registered Holder has elected to exercise this Warrant pursuant to this Section 1.3 while a registration statement is on file with
the Securities and Exchange Commission (“SEC”) in connection with a Non-Qualified IPO or prior to the consummation of the Acquisition, as applicable, and the transaction triggering the delivery of an IPO Notice or Acquisition
Notice, as applicable, is not consummated, then the exercise of this Warrant shall not be effective unless the Registered Holder confirms in writing the Registered Holder’s intention to go forward with the exercise of this Warrant. 

(d) Notwithstanding whether (i) an IPO Notice has been delivered to the Registered Holder or any other provision of this Warrant to the
contrary, if this Warrant is automatically exercised in connection with a Qualified IPO or the Registered Holder decides to exercise this Warrant while a registration statement is on file with the SEC in connection with a Non-Qualified IPO, or
(ii) an Acquisition Notice has been delivered to the Registered Holder or any other provision of this Warrant to the contrary, if the Registered Holder decides to exercise this Warrant following the execution of a definitive agreement providing
for an Acquisition but prior to the consummation of the Acquisition, (A) this Warrant shall automatically be deemed exercised in accordance with Section 1.2 immediately prior to (x) the Automatic Conversion (as defined in the
Certificate of Incorporation) of the Preferred Stock of the Company pursuant to Section 4.3.5(b) of the Certificate of Incorporation, if applicable, and, if not applicable,(y) the consummation of the IPO or Acquisition, and (B) the Fair
Market Value of a share of Warrant Stock will be, (x) in the context of an IPO, the price at which one share of Underlying Stock was sold to the public in the IPO, or if the Underlying Stock is not the capital stock being offered to the public
in the IPO, the price at which one share of the capital stock being offered to the public in the IPO was sold to the public in the IPO multiplied by the number of shares of such capital stock into which one share of Underlying Stock is then
convertible, or (y) in the context of an Acquisition, the deemed value of the consideration payable in respect of one share of Underlying Stock to be received by the holders of such stock pursuant to the definitive agreement providing for such
Acquisition. 
 2. Waiver. The Holders hereby waive in all respects any rights under Section 1.3(a) of the Warrants to receive notice from the
Company at least five but not more than 90 days before the anticipated date of the filing with the SEC of the registration statement associated with an IPO. 

3. Except to the extent amended hereby, all of the terms, provisions and conditions of the Warrants are hereby ratified and confirmed and shall remain in full
force and effect. 
 4. The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any party
under any Warrant, nor constitute an amendment of any provision of any Warrant, except as specifically set forth herein. 
 5. This Amendment and all
disputes or controversies arising out of or relating to this Amendment or the transactions contemplated hereby shall be governed by, and construed in accordance with, the internal laws of the State of Delaware, without regard to the laws of any
other jurisdiction that might be applied because of the conflicts of laws principles of the State of Delaware. 

  
 - 27 - 

 6. This Amendment may be executed in any number of counterparts, each of which shall be deemed to be an original
instrument and all which together shall constitute one and the same agreement. This Amendment may be executed by facsimile or by electronic or PDF file. 

[Signature Pages Follow] 

  
 - 28 - 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment and Waiver No. 2 to
Series C Preferred Stock Purchase Warrants as of the date first written above. 
  

			
	ASPEN AEROGELS, INC.
		
	By:	 	 /s/ John Fairbanks

	Name:	 	John Fairbanks
	Title:	 	 CFO

  
 [Signature Page to
Aspen Aerogels, Inc. 
 Amendment and Waiver No. 2 to Series C Preferred Stock Purchase Warrants] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment and Waiver No. 2 to
Series C Preferred Stock Purchase Warrants as of the date first written above. 
  

			
	GKFF VENTURES I, LLC
		
	By:	 	 /s/ Robert Thomas

	Name:	 	Robert Thomas
	Title:	 	Manager and Vice President

  
 [Signature Page to
Aspen Aerogels, Inc. 
 Amendment and Waiver No. 2 to Series C Preferred Stock Purchase Warrants] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment and Waiver No. 2 to
Series C Preferred Stock Purchase Warrants as of the date first written above. 
  

			
	RESERVOIR CAPITAL PARTNERS, L.P.
	
	By: RCP GP, LLC
	Its: General Partner
		
	By:	 	 /s/ Craig A. Huff

	Name:	 	Craig A. Huff
	Title:	 	Co-Chief Executive Officer
	
	RESERVOIR CAPITAL MASTER FUND, L.P.
	
	By: Reservoir Capital Group, LLC
	Its: General Partner
		
	By:	 	 /s/ Craig A. Huff

	Name:	 	Craig A. Huff
	Title:	 	Co-Chief Executive Officer

  
 [Signature Page to
Aspen Aerogels, Inc. 
 Amendment and Waiver No. 2 to Series C Preferred Stock Purchase Warrants] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment and Waiver No. 2 to
Series C Preferred Stock Purchase Warrants as of the date first written above. 
  

			
	ARCAPITA VENTURES I LIMITED
		
	By:	 	 /s/ John Huntz

	Name:	 	John Huntz
	Title:	 	 Consultant

  
 [Signature Page to
Aspen Aerogels, Inc. 
 Amendment and Waiver No. 2 to Series C Preferred Stock Purchase Warrants] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment and Waiver No. 2 to
Series C Preferred Stock Purchase Warrants as of the date first written above. 
  

			
	ROCKPORT CAPITAL PARTNERS, L.P.
	
	By: RockPort Capital, L.L.C.
	Its: General Partner
		
	By:	 	 /s/ Stoddard M. Wilson

	Name:	 	Stoddard M. Wilson
	Title:	 	Managing Member
	
	ROCKPORT CAPITAL PARTNERS II, L.P.
	
	By: RockPort Capital II, L.L.C.
	Its: General Partner
		
	By:	 	 /s/ Stoddard M. Wilson

	Name:	 	Stoddard M. Wilson
	Title:	 	Managing Member
	
	RP CO-INVESTMENT FUND I, L.P.
	
	By: RP Co-Investments Fund I, GP, LLC
	Its: General Partner
		
	By:	 	 /s/ Stoddard M. Wilson

	Name:	 	Stoddard M. Wilson
	Title:	 	Managing Member
	
	ROCKPORT SII, LLC
	
	By: RockPort SGII, LLC
	Its: General Partner
		
	By:	 	 /s/ Stoddard M. Wilson

	Name:	 	Stoddard M. Wilson
	Title:	 	Member

  
 [Signature Page to
Aspen Aerogels, Inc. 
 Amendment and Waiver No. 2 to Series C Preferred Stock Purchase Warrants]

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