Document:

EX-10.1

 Exhibit 10.1 

March [__], 2020 
 From: [Dealer] 

[_________] 
 [_________] 

[_________] 
 To: BridgeBio Pharma, Inc. 

421 Kipling Street 
 Palo Alto, CA 94301 

Attention: Chief Financial Officer 
 Telephone: 650-391-9740 
 Re: [Base][Additional] Call Option Transaction 

The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the call option
transaction entered into between [_________] (“Dealer”) and BridgeBio Pharma, Inc. (“Counterparty”) as of the Trade Date specified below (the “Transaction”). This letter agreement constitutes
a “Confirmation” as referred to in the ISDA Master Agreement specified below. Each party further agrees that this Confirmation together with the Agreement evidence a complete binding agreement between Counterparty and Dealer as to the
subject matter and terms of the Transaction to which this Confirmation relates, and shall supersede all prior or contemporaneous written or oral communications with respect thereto. 

The definitions and provisions contained in the 2002 ISDA Equity Derivatives Definitions (the “Equity Definitions”), as
published by the International Swaps and Derivatives Association, Inc. (“ISDA”) are incorporated into this Confirmation. In the event of any inconsistency between the Equity Definitions and this Confirmation, this Confirmation shall
govern. Certain defined terms used herein are based on terms that are defined in the Preliminary Offering Memorandum dated March [__], 2020 (the “Offering Memorandum”) relating to the [___]% Convertible Senior Notes due 2027 (the
“Convertible Notes” and each USD 1,000 principal amount of Convertible Notes, a “Convertible Note”) as originally issued by Counterparty pursuant to the Purchase Agreement (as defined herein) and pursuant to an
Indenture [to be] dated March [__], 2020 (the “Indenture”). In the event of any inconsistency between the terms defined in the Offering Memorandum, the Indenture and this Confirmation, this Confirmation shall govern. The parties
acknowledge that this Confirmation is entered into on the date hereof with the understanding that (i) definitions set forth in the Indenture which are also defined herein by reference to the Indenture and (ii) sections of the Indenture
that are referred to herein will conform to the descriptions thereof in the Offering Memorandum. If any such definitions in the Indenture or any such sections of the Indenture differ from the descriptions thereof in the Offering Memorandum, the
descriptions thereof in the Offering Memorandum will govern for purposes of this Confirmation. The parties further acknowledge that the Indenture section numbers used herein are based on the [draft of the Indenture last reviewed by Dealer and the
Counterparty as of the date of this Confirmation, and if any such section numbers are changed in the Indenture as executed, the parties will amend this Confirmation in good faith to preserve the intent of the parties][Indenture as executed]. Subject
to the foregoing, references to the Indenture herein are references to the Indenture in effect on the date of its execution, and if the Indenture is amended or supplemented following such date (other than any amendment or supplement
(x) pursuant to Section [10.01(h)] of the Indenture that, as determined by the Calculation Agent, conforms the Indenture to the description of Convertible Notes in the Offering Memorandum or (y) pursuant to Section [14.07(a)] of the
Indenture, subject, in the case of this clause (y), to the second paragraph under “Method of Adjustment” in Section 3), any such amendment or supplement will be disregarded for purposes of this Confirmation (other than as provided in
Section 9(h)(iv) below) unless the parties agree otherwise in writing. For purposes of the Equity Definitions, the Transaction shall be deemed to be a Share Option Transaction. 

Each party is hereby advised, and each such party acknowledges, that the other party has engaged in, or refrained from engaging in,
substantial financial transactions and has taken other material actions in reliance upon the parties’ entry into the Transaction to which this Confirmation relates on the terms and conditions set forth below. 

1. This Confirmation evidences a complete and binding agreement between Dealer and Counterparty as to the terms of the Transaction to which this Confirmation
relates. This Confirmation shall supplement, form a part of, and be subject to an agreement in the form of the 2002 ISDA Master Agreement (the “Agreement”) as if Dealer and Counterparty had executed an agreement in such form on the
Trade Date but without any Schedule except for: 

  
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 (a) the election of the laws of the State of New York as the governing law (without
reference to choice of law doctrine) and the election of USD as the Termination Currency; 
 (b) (i) the election that the “Cross
Default” provisions of Section 5(a)(vi) of the Agreement shall apply to Dealer with a “Threshold Amount” of three percent of shareholders’ equity of [Dealer] [[_________] (“Dealer Parent”)]; provided
that “Specified Indebtedness” shall not include obligations in respect of deposits received in the ordinary course of Dealer’s banking business, (ii) the phrase “or becoming capable at such time of being declared”
shall be deleted from clause (1) of such Section 5(a)(vi) and (iii) the following language shall be added to the end thereof “Notwithstanding the foregoing, a default under subsection (2) hereof shall not constitute an Event
of Default if (x) the default was caused solely by error or omission of an administrative or operational nature; (y) funds were available to enable the party to make the payment when due; and (z) the payment is made within two Local
Business Days of such party’s receipt of written notice of its failure to pay.”; and 
 (c) following the payment of the Premium,
the condition precedent in Section 2(a)(iii)(1) of the Agreement with respect to Events of Default or Potential Events of Default (other than an Event of Default or Potential Event of Default arising under Section 5(a)(ii) or 5(a)(iv) of
the Agreement) shall not apply to a payment or delivery owing by Dealer to Counterparty. 
 In the event of any inconsistency between
provisions of the Agreement and this Confirmation, this Confirmation will prevail for the purpose of the Transaction to which this Confirmation relates. The parties hereby agree that no transaction other than the Transaction to which this
Confirmation relates shall be governed by the Agreement. If there exists any ISDA Master Agreement between Dealer and Counterparty or any confirmation or other agreement between Dealer and Counterparty pursuant to which an ISDA Master Agreement is
deemed to exist between Dealer and Counterparty, then notwithstanding anything to the contrary in such ISDA Master Agreement, such confirmation or agreement or any other agreement to which Dealer and Counterparty are parties, the Transaction shall
not be considered a Transaction under, or otherwise governed by, such existing or deemed ISDA Master Agreement. 
 2. The terms of the particular
Transaction to which this Confirmation relates are as follows: 
  

			
		
	General Terms.	  	
		
	 Trade Date:
	  	March [__], 2020
		
	 Effective Date:
	  	The Trade Date, subject to Section 9(v) below
		
	 Option Style:
	  	“Modified American”, as described under “Procedures for Exercise” below
		
	 Option Type:
	  	Call
		
	 Buyer:
	  	Counterparty
		
	 Seller:
	  	Dealer
		
	 Shares:
	  	The common stock of Counterparty, par value USD 0.001 per share (Exchange symbol “BBIO”).
		
	 Number of Options:
	  	[_______]. For the avoidance of doubt, the Number of Options shall be reduced by any Options exercised by Counterparty. In no event will the Number of Options be less than zero.
		
	 Applicable Percentage:
	  	[__]%
		
	 Option Entitlement:
	  	A number equal to the product of the Applicable Percentage and [______].

  
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	 Strike Price:
	  	USD [______]
		
	 Cap Price:
	  	USD [______]
		
	 Premium:
	  	USD [______]
		
	 Premium Payment Date:
	  	March [__], 2020
		
	 Exchange:
	  	The NASDAQ Global Select Market
		
	 Related Exchange(s):
	  	All Exchanges
		
	 Excluded Provisions:
	  	Section [14.04(h)] and Section [14.03] of the Indenture.
		
	Procedures for Exercise.	  	
		
	 Conversion Date:
	  	With respect to any conversion of a Convertible Note (other than any conversion of Convertible Notes with a Conversion Date occurring prior to the Free Convertibility Date (any such conversion, an “Early
Conversion”), to which the provisions of Section 9(h)(i) of this Confirmation shall apply), the date on which the Holder (as such term is defined in the Indenture) of such Convertible Note satisfies all of the requirements for
conversion thereof as set forth in Section [14.01(b)] of the Indenture.
		
	 Free Convertibility Date:
	  	[_________], [2026]
		
	 Expiration Time:
	  	The Valuation Time
		
	 Expiration Date:
	  	[_________], 2027, subject to earlier exercise.
		
	 Multiple Exercise:
	  	Applicable, as described under “Automatic Exercise” below.
		
	 Automatic Exercise:
	  	Applicable; provided that, notwithstanding Section 3.4 of the Equity Definitions, on each Conversion Date occurring on or after the Free Convertibility Date, in respect of which a Notice of Conversion that is effective
as to Counterparty has been delivered by the relevant converting Holder, a number of Options equal to [(i)] the number of Convertible Notes in denominations of USD 1,000 as to which such Conversion Date has occurred [minus (ii) the
number of Options that are or are deemed to be automatically exercised on such Conversion Date under the Base Call Option Transaction Confirmation letter agreement dated March [__], 2020 between Dealer and Counterparty (the “Base Call Option
Confirmation”),] shall be deemed to be automatically exercised; provided however that, except as provided under “Automatic Exercise After Free Convertibility Date” below, such Options shall be exercised or deemed exercised
only if Counterparty has provided a Notice of Exercise to Dealer in accordance with “Notice of Exercise” below.

  
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		  	Notwithstanding the foregoing, in no event shall the number of Options that are exercised or deemed exercised hereunder exceed the Number of Options.
		
	 Automatic Exercise After Free
	  	
	 Convertibility Date:
	  	Notwithstanding Section 3.4 of the Equity Definitions, unless Counterparty notifies Dealer in writing prior to 5:00 p.m. (New York City time) on the Expiration Date that it does not wish Automatic Exercise to occur, all Options
then outstanding as of 5:00 p.m. (New York City time) on the Expiration Date will be deemed to be automatically exercised as if (i) a number of Convertible Notes (in denominations of USD 1,000 principal amount) equal to such number of
then-outstanding Options were converted with a “Conversion Date” (as defined in the Indenture) occurring on or after the Free Convertibility Date and (ii) the Relevant Settlement Method applied to such Convertible Notes;
provided that, no such automatic exercise pursuant to this paragraph will occur if the Relevant Price for each Valid Day during the Settlement Averaging Period is less than or equal to the Strike Price.
		
		  	Notwithstanding the foregoing, in no event shall the number of Options that are exercised or deemed exercised hereunder exceed the Number of Options.
		
	 Notice of Exercise:
	  	Notwithstanding anything to the contrary in the Equity Definitions or under “Automatic Exercise” above, but subject to “Automatic Exercise After Free Convertibility Date” above, in order to exercise any Options
relating to Convertible Notes with a Conversion Date occurring on or after the Free Convertibility Date, Counterparty must notify Dealer in writing (which, for the avoidance of doubt, may be by email) before 5:00 p.m. (New York City time) on the
Scheduled Valid Day immediately preceding the Expiration Date specifying the number of such Options; provided that, notwithstanding the foregoing, such notice (and the related exercise of Options hereunder) shall be effective if given after
the applicable notice deadline specified above but prior to 5:00 P.M., New York City time, on the fifth Exchange Business Day following such notice deadline, in which event the Calculation Agent shall have the right to adjust Dealer’s delivery
obligation hereunder in a commercially reasonable manner, with respect to the exercise of such Options, as appropriate to reflect the additional commercially reasonable costs (limited to losses as a result of hedging mismatches and market losses)
and expenses incurred by Dealer or any of its affiliates in connection with its hedging activities with such adjustments made assuming that Dealer maintains commercially reasonable hedge positions (including the unwinding of any hedge position) as a
result of its not having received such notice prior to such notice deadline (it being understood that the adjusted delivery obligation described in the preceding proviso can never be less than zero and can never require any payment by
Counterparty);

  
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		  	provided further, that if the Relevant Settlement Method for such Options is (x) Net Share Settlement and the Specified Cash Amount (as defined below) is not USD 1,000, (y) Cash Settlement or (z) Combination
Settlement, Counterparty shall provide Dealer a separate notice (the “Notice of Final Settlement Method”) (which, for the avoidance of doubt, may be by email) in respect of all such Convertible Notes before 5:00 p.m. (New York City
time) on the Free Convertibility Date specifying (1) the Relevant Settlement Method for such Options, and (2) if the settlement method for the related Convertible Notes is not Settlement in Shares or Settlement in Cash (each as defined
below), the fixed amount of cash per Convertible Note that Counterparty has elected to deliver to Holders (as such term is defined in the Indenture) of the related Convertible Notes (the “Specified Cash Amount”) and if Counterparty
fails to timely provide such Notice of Final Settlement Method, it shall be deemed to have provided a Notice of Final Settlement Method indicating that the Relevant Settlement Method is Net Share Settlement and that the settlement method for the
related Convertible Notes is a combination of cash and shares with a Specified Cash Amount of USD 1,000. Counterparty acknowledges its responsibilities under applicable securities laws, and in particular Section 9 and Section 10(b) of the
Exchange Act (as defined below) and the rules and regulations thereunder, in respect of any election of a settlement method with respect to the Convertible Notes that is not Net Share Settlement with a Specified Cash Amount of USD 1,000.
		
	 Valuation Time:
	  	At the close of trading of the regular trading session on the Exchange; provided that if the principal trading session is extended, the Calculation Agent shall determine the Valuation Time in its commercially reasonable
discretion.
		
	 Market Disruption Event:
	  	Section 6.3(a) of the Equity Definitions is hereby replaced in its entirety by the following:
		
		  	“‘Market Disruption Event’ means, in respect of a Share, (i) a failure by the primary United States national or regional securities exchange or market on which the Shares are listed or admitted for trading to
open for trading during its regular trading session or (ii) the occurrence or existence prior to 1:00 p.m. (New York City time) on any Scheduled Valid Day for the Shares for more than one half-hour period in the aggregate during regular trading
hours of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant stock exchange or otherwise) in the Shares or in any options contracts or futures contracts relating to the
Shares.”

  
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	Settlement Terms.	  	
		
	 Settlement Method:
	  	For any Option, Net Share Settlement; provided that if the Relevant Settlement Method set forth below for such Option is not Net Share Settlement, then the Settlement Method for such Option shall be such Relevant Settlement
Method, but only if Counterparty shall have notified Dealer of the Relevant Settlement Method in the Notice of Final Settlement Method for such Option.
		
	 Relevant Settlement Method:
	  	In respect of any Option:
		
		  	(i) if Counterparty has elected to settle its conversion obligations in respect of the related Convertible Note (A) entirely in Shares pursuant to Section [14.02(a)(iv)(A)] of the Indenture (together with cash in lieu of
fractional Shares) (such settlement method, “Settlement in Shares”), (B) in a combination of cash and Shares pursuant to Section [14.02(a)(iv)(C)] of the Indenture with a Specified Cash Amount less than USD 1,000 (such settlement
method, “Low Cash Combination Settlement”) or (C) in a combination of cash and Shares pursuant to Section [14.02(a)(iv)(C)] of the Indenture with a Specified Cash Amount equal to USD 1,000, then, in each case, the Relevant
Settlement Method for such Option shall be Net Share Settlement;
		
		  	(ii) if Counterparty has elected to settle its conversion obligations in respect of the related Convertible Note in a combination of cash and Shares pursuant to Section [14.02(a)(iv)(C)] of the Indenture with a Specified Cash Amount
greater than USD 1,000, then the Relevant Settlement Method for such Option shall be Combination Settlement; and
		
		  	(iii) if Counterparty has elected to settle its conversion obligations in respect of the related Convertible Note entirely in cash pursuant to Section [14.02(a)(iv)(B)] of the Indenture (such settlement method, “Settlement
in Cash”), then the Relevant Settlement Method for such Option shall be Cash Settlement.
		
	 Net Share Settlement:
	  	If Net Share Settlement is applicable to any Option exercised or deemed exercised hereunder, Dealer will deliver to Counterparty, on the relevant Settlement Date for each such Option, a number of Shares (the “Net Share
Settlement Amount”) equal to the sum, for each Valid Day during the Settlement Averaging Period for each such Option, of (i) (a) the Daily Option Value for such Valid Day, divided by (b) the Relevant Price on such Valid
Day, divided by (ii) the number of Valid Days in the Settlement Averaging Period.
		
		  	Dealer will pay cash in lieu of delivering any fractional Shares to be delivered with respect to any Net Share Settlement Amount valued at the Relevant Price for the last Valid Day of the Settlement Averaging
Period.

  
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	 Combination Settlement:
	  	If Combination Settlement is applicable to any Option exercised or deemed exercised hereunder, Dealer will pay or deliver, as the case may be, to Counterparty, on the relevant Settlement Date for each such Option:
		
		  	 (i) cash (the “Combination Settlement Cash Amount”) equal to the sum, for
each Valid Day during the Settlement Averaging Period for such Option, of (A) an amount (the “Daily Combination Settlement Cash Amount”) equal to the lesser of (1) the product of (x) the Applicable Percentage and
(y) the Specified Cash Amount minus USD 1,000 and (2) the Daily Option Value, divided by (B) the number of Valid Days in the Settlement Averaging Period; provided that if the calculation in clause (A) above
results in zero or a negative number for any Valid Day, the Daily Combination Settlement Cash Amount for such Valid Day shall be deemed to be zero; and

		
		  	 (ii)  Shares (the “Combination Settlement Share Amount”) equal to the
sum, for each Valid Day during the Settlement Averaging Period for such Option, of a number of Shares for such Valid Day (the “Daily Combination Settlement Share Amount”) equal to (A) (1) the Daily Option Value on such Valid
Day minus the Daily Combination Settlement Cash Amount for such Valid Day, divided by (2) the Relevant Price on such Valid Day, divided by (B) the number of Valid Days in the Settlement Averaging Period;
provided that if the calculation in sub-clause (A)(1) above results in zero or a negative number for any Valid Day, the Daily Combination Settlement Share Amount for such Valid Day shall be deemed to be
zero.

		
		  	Dealer will pay cash in lieu of delivering any fractional Shares to be delivered with respect to any Combination Settlement Share Amount valued at the Relevant Price for the last Valid Day of the Settlement Averaging
Period.
		
	 Cash Settlement:
	  	If Cash Settlement is applicable to any Option exercised or deemed exercised hereunder, in lieu of Section 8.1 of the Equity Definitions, Dealer will pay to Counterparty, on the relevant Settlement Date for each such Option, an
amount of cash (the “Cash Settlement Amount”) equal to the sum, for each Valid Day during the Settlement Averaging Period for such Option, of (i) the Daily Option Value for such Valid Day, divided by (ii) the number
of Valid Days in the Settlement Averaging Period.
		
	 Daily Option Value:
	  	For any Valid Day, an amount equal to (i) the Option Entitlement on such Valid Day, multiplied by (ii) (A) the lesser of the Relevant Price on such Valid Day and the Cap Price, less (B) the Strike Price
on such Valid Day; provided that if the calculation contained in clause (ii) above results in a negative number, the Daily Option Value for such Valid Day shall be deemed to be zero. In no event will the Daily Option Value be less than
zero.

  
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	 Valid Day:
	  	A day on which (i) there is no Market Disruption Event and (ii) trading in the Shares generally occurs on the Exchange or, if the Shares are not then listed on the Exchange, on the principal other United States national or
regional securities exchange on which the Shares are then listed or, if the Shares are not then listed on a United States national or regional securities exchange, on the principal other market on which the Shares are then listed or admitted for
trading. If the Shares are not so listed or admitted for trading, “Valid Day” means a Business Day.
		
	 Scheduled Valid Day:
	  	A day that is scheduled to be a Valid Day on the principal United States national or regional securities exchange or market on which the Shares are listed or admitted for trading. If the Shares are not so listed or admitted for
trading, “Scheduled Valid Day” means a Business Day.
		
	 Business Day:
	  	Any day other than a Saturday, a Sunday or a day on which the Federal Reserve Bank of New York is authorized or required by law or executive order to close or be closed.
		
	 Relevant Price:
	  	On any Valid Day, the per Share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page BBIO <equity> AQR (or its equivalent successor if such page is not available) in respect
of the period from the scheduled opening time of the Exchange to the Scheduled Closing Time of the Exchange on such Valid Day (or if such volume-weighted average price is unavailable at such time, the market value of one Share on such Valid Day, as
determined by the Calculation Agent in a commercially reasonable manner using, if practicable, a volume-weighted average method). The Relevant Price will be determined without regard to after-hours trading or any other trading outside of the regular
trading session trading hours.
		
	 Settlement Averaging Period:
	  	For any Option, the 50 consecutive Valid Days commencing on, and including, the 51st Scheduled Valid Day immediately prior to the Expiration Date; provided that if the
Notice of Final Settlement Method for such Option specifies that Settlement in Shares or Low Cash Combination Settlement applies to the related Convertible Note, the Settlement Averaging Period shall be the 100 consecutive Valid Days commencing on,
and including, the 101st Scheduled Valid Day immediately prior to the Expiration Date.
		
	 Settlement Date:
	  	For any Option, the second Business Day immediately following the final Valid Day of the Settlement Averaging Period for such Option.
		
	 Settlement Currency:
	  	USD

  
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	 Other Applicable Provisions:
	  	The provisions of Sections 9.1(c), 9.8, 9.9 and 9.11 of the Equity Definitions will be applicable, except that all references in such provisions to “Physically-settled” shall be read as references to “Share
Settled”. “Share Settled” in relation to any Option means that Net Share Settlement or Combination Settlement is applicable to that Option.
		
	 Representation and Agreement:
	  	Notwithstanding anything to the contrary in the Equity Definitions (including, but not limited to, Section 9.11 thereof), the parties acknowledge that (i) any Shares delivered to Counterparty shall be, upon delivery,
subject to restrictions and limitations arising from Counterparty’s status as issuer of the Shares under applicable securities laws, (ii) Dealer may deliver any Shares required to be delivered hereunder in certificated form in lieu of
delivery through the Clearance System and (iii) any Shares delivered to Counterparty may be “restricted securities” (as defined in Rule 144 under the Securities Act of 1933, as amended (the “Securities
Act”)).
	
	 3.  Additional Terms applicable to the
Transaction.

	
	 Adjustments applicable to the Transaction:

		
	 Potential Adjustment Events:
	  	Notwithstanding Section 11.2(e) of the Equity Definitions (which Section shall not apply for purposes of the Transaction, except as provided in Section 9(x) below), a “Potential Adjustment Event” means an
occurrence of any event or condition, as set forth in any Dilution Adjustment Provision, that would result in an adjustment under the Indenture to the “Conversion Rate” or the composition of a “unit of Reference Property” or to
any “Last Reported Sale Price,” “Daily VWAP,” “Daily Conversion Value” or “Daily Settlement Amount” (each as defined in the Indenture). For the avoidance of doubt, Dealer shall not have any delivery or payment
obligation hereunder, and no adjustment shall be made to the terms of the Transaction, on account of (x) any distribution of cash, property or securities by Counterparty to holders of the Convertible Notes (upon conversion or otherwise) or
(y) any other transaction in which holders of the Convertible Notes are entitled to participate, in each case, in lieu of an adjustment under the Indenture of the type referred to in the immediately preceding sentence (including, without
limitation, pursuant to the fourth sentence of Section [14.04(c)] of the Indenture or the fourth sentence of Section [14.04(d)] of the Indenture).
		
	 Method of Adjustment:
	  	Calculation Agent Adjustment, which means that, notwithstanding Section 11.2(c) of the Equity Definitions (which Section shall not apply for purposes of the Transaction except as provided in Section 9(x) below), upon any
Potential Adjustment Event, the Calculation Agent shall make a commercially reasonable adjustment to the Strike Price and the Option Entitlement corresponding to the adjustment required to be made pursuant to the Indenture to the “Conversion
Rate” (as such term is defined in the Indenture).

  
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		  	Notwithstanding the foregoing and “Consequences of Merger Events / Tender Offers” below:
		
		  	 (i) if the Calculation Agent in good faith disagrees with any adjustment to the Convertible
Notes that involves an exercise of discretion by Counterparty or its board of directors (including, without limitation, pursuant to Section [14.05] of the Indenture, Section [14.07] of the Indenture or any supplemental indenture entered into
thereunder or in connection with any proportional adjustment or the determination of the fair value of any securities, property, rights or other assets), then in each such case, the Calculation Agent will determine in good faith and in a
commercially reasonable manner the adjustment to be made to any one or more of the Strike Price, Option Entitlement and any other variable relevant to the exercise, settlement or payment for the Transaction in a commercially reasonable manner,
taking into account the relevant provisions of the Indenture; provided that, notwithstanding the foregoing, if any Potential Adjustment Event occurs during the Settlement Averaging Period but no adjustment was made to any Convertible Note
under the Indenture because the relevant Holder (as such term is defined in the Indenture) was deemed to be a record owner of the underlying Shares on the related Conversion Date, then the Calculation Agent shall make a commercially reasonable
adjustment to the terms hereof in order to account for such Potential Adjustment Event;

		
		  	 (ii)  in connection with any Potential Adjustment Event as a result of an event or
condition set forth in Section [14.04(b)] of the Indenture or Section [14.04(c)] of the Indenture where, in either case, the period for determining “Y” (as such term is used in [Section 14.04(b)] of the Indenture) or “SP0” (as such term is used in Section [14.04(c)] of the Indenture), as the case may be, begins before Counterparty has publicly announced the event or condition giving rise to such Potential
Adjustment Event, then the Calculation Agent shall have the right to adjust in a good faith and in a commercially reasonable manner, taking into account the relevant terms of the Indenture, any variable relevant to the exercise, settlement or
payment for the Transaction as appropriate to reflect the costs (to account solely for hedging mismatches and market losses) and expenses incurred by Dealer in connection with its
hedging

  
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		  	 activities, with such adjustments made assuming that Dealer maintains commercially reasonable hedge positions, as a
result of such event or condition not having been publicly announced prior to the beginning of such period; and

		
		  	 (iii)  if any Potential Adjustment Event is declared and (a) the event or
condition giving rise to such Potential Adjustment Event is subsequently amended, modified, cancelled or abandoned, (b) the “Conversion Rate” (as defined in the Indenture) is otherwise not adjusted at the time or in the manner
contemplated by the relevant Dilution Adjustment Provision based on such declaration or (c) the “Conversion Rate” (as defined in the Indenture) is adjusted as a result of such Potential Adjustment Event and subsequently re-adjusted (each of clauses (a), (b) and (c), a “Potential Adjustment Event Change”) then, in each case, the Calculation Agent shall have the right to adjust in a good faith and commercially
reasonable manner, taking into account the terms of the Indenture, any variable relevant to the exercise, settlement or payment for the Transaction as appropriate to reflect the costs (to account solely for hedging mismatches and market losses) and
expenses incurred by Dealer in connection with its hedging activities, with such adjustments made assuming that Dealer maintains commercially reasonable hedge positions, as a result of such Potential Adjustment Event Change.

		
	 Dilution Adjustment Provisions:
	  	Sections 14.04(a), (b), (c), (d) and (e) and Section [14.05] of the Indenture.
	
	Extraordinary Events applicable to the Transaction:
		
	 Merger Events:
	  	Applicable; provided that notwithstanding Section 12.1(b) of the Equity Definitions, a “Merger Event” means the occurrence of any “Merger Event” as defined in Section [14.07(a)] of the
Indenture.
		
	 Tender Offers:
	  	Applicable; provided that notwithstanding Section 12.1(d) of the Equity Definitions, a “Tender Offer” means the occurrence of any event or condition set forth in Section [14.04(e)] of the Indenture.
		
	 Consequences of Merger Events/

Tender Offers:
	  	Notwithstanding Section 12.2 and Section 12.3 of the Equity Definitions (which Section shall not apply for purposes of the Transaction except as provided in Section 9(x) below), upon the occurrence of a Merger Event
or a Tender Offer, the Calculation Agent shall make a corresponding adjustment to any one or more of the nature of the Shares (in the case of a Merger Event), Strike Price,

  
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		  	Option Entitlement and any other variable relevant to the exercise, settlement or payment for the Transaction to the extent that an analogous adjustment is required to be made pursuant to the Indenture in respect of such Merger
Event or Tender Offer, subject to the second paragraph under “Method of Adjustment”; provided, however, that such adjustment shall be made without regard to any adjustment to the Conversion Rate pursuant to any Excluded
Provision; provided further that if, with respect to a Merger Event or a Tender Offer, (i) the consideration for the Shares includes (or, at the option of a holder of Shares, may include) shares of an entity or person that is not a
corporation or is not organized under the laws of the United States, any State thereof or the District of Columbia or (ii) the Counterparty to the Transaction following such Merger Event or Tender Offer will not be a corporation organized under
the laws of the United States, any State thereof or the District of Columbia, then, in either case, Cancellation and Payment (Calculation Agent Determination) may apply at Dealer’s sole election; provided further that, for the avoidance
of doubt, adjustments shall be made pursuant to the provisions set forth above regardless of whether any Merger Event or Tender Offer gives rise to an Early Conversion.
		
	 Consequences of Announcement Events:
	  	Modified Calculation Agent Adjustment as set forth in Section 12.3(d) of the Equity Definitions; provided that, in respect of an Announcement Event, (x) references to “Tender Offer” shall be replaced by
references to “Announcement Event” and references to “Tender Offer Date” shall be replaced by references to “date of such Announcement Event”, (y) the phrase “exercise, settlement, payment or any other terms of the
Transaction (including, without limitation, the spread)” shall be replaced with the phrase “Cap Price (provided that in no event shall the Cap Price be less than the Strike Price)” and the words “whether within a commercially
reasonable (as determined by the Calculation Agent) period of time prior to or after the Announcement Event” shall be inserted prior to the word “which” in the seventh line, and (z) for the avoidance of doubt, the Calculation
Agent shall determine whether the relevant Announcement Event has had a material economic effect on the Transaction (and, if so, may adjust the Cap Price accordingly) on one or more occasions on or after the date of the Announcement Event up to, and
including, the Expiration Date, any Early Termination Date and/or any other date of cancellation, it being understood that any adjustment in respect of an Announcement Event shall take into account any earlier adjustment relating to the same
Announcement Event and shall not be duplicative with any other adjustment or cancellation valuation made pursuant to this Confirmation, the Equity Definitions or the Agreement; provided that in no event shall the Cap Price be adjusted to be
less than the Strike Price. An Announcement Event shall be an “Extraordinary Event” for purposes of the Equity Definitions, to which Article 12 of the Equity Definitions is
applicable.

  
 Page 12 of 32 

			
		
	Announcement Event:	  	(i) The public announcement by (x) any entity of any transaction or event that the Calculation Agent determines is reasonably likely to be completed and that, if completed, would constitute a Merger Event or Tender Offer (it
being understood and agreed that in determining whether such transaction or event is reasonably likely to be completed, the Calculation Agent may take into consideration the effect of the relevant announcement on the Shares and/or options relating
to the Shares), (y) Issuer or any subsidiary thereof of any potential acquisition or disposition by Issuer and/or its subsidiaries where the aggregate consideration exceeds 35% of the market capitalization of Issuer as of the date of such
announcement (an “Acquisition Transaction”) or (z) Issuer, any subsidiary of Issuer or any Valid Third-Party Entity of the intention to enter into a Merger Event or Tender Offer or an Acquisition Transaction (in the case of a
Valid Third-Party Entity, that the Calculation Agent determines is reasonably likely to be completed, it being understood and agreed that in making such determination, the Calculation Agent may take into consideration the effect of the relevant
announcement on the Shares and/or options relating to the Shares), (ii) the public announcement by Issuer of an intention to solicit or enter into, or to explore strategic alternatives or other similar undertaking that may include, a Merger Event or
Tender Offer or an Acquisition Transaction or (iii) any subsequent public announcement by any entity of a change to a transaction or intention that is the subject of an announcement of the type described in clause (i) or (ii) of this
sentence (including, without limitation, a new announcement, whether or not by the same party, relating to such a transaction or intention or the announcement of a withdrawal from, or the abandonment or discontinuation of, such a transaction or
intention), as determined by the Calculation Agent. For the avoidance of doubt, the occurrence of an Announcement Event with respect to any transaction or intention shall not preclude the occurrence of a later Announcement Event with respect to such
transaction or intention. For purposes of this definition of “Announcement Event,” (A) “Merger Event” shall mean such term as defined under Section 12.1(b) of the Equity Definitions (but, for the avoidance of doubt, the
remainder of the definition of “Merger Event” in Section 12.1(b) of the Equity Definitions following the definition of “Reverse Merger” therein shall be disregarded) and (B) “Tender Offer” shall mean such term as
defined under Section 12.1(d) of the Equity Definitions; provided that Section 12.1(d) of the Equity Definitions is hereby amended by replacing “10%” with “20%” in the third line thereof.
		
	Valid Third-Party Entity:	  	In respect of any transaction, any third party (i) whose announcement is reasonably determined by the Calculation Agent to have had a material economic effect on the Shares and/or options on the Shares and (ii) that is the
entity, or an affiliate of the entity, that is, or would be, a party to the relevant transaction or event.

  
 Page 13 of 32 

			
		
	Nationalization, Insolvency or Delisting:	  	Cancellation and Payment (Calculation Agent Determination); provided that, in addition to the provisions of Section 12.6(a)(iii) of the Equity Definitions, it will also constitute a Delisting if the Exchange is located
in the United States and the Shares are not immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange,
The NASDAQ Global Select Market or The NASDAQ Global Market (or their respective successors); if the Shares are immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or their respective successors), such exchange or quotation system shall thereafter be deemed to be the
Exchange.
		
	Additional Disruption Events:	  	
		
	Change in Law:	  	Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by (i) replacing the phrase “the interpretation” in the third line thereof with the phrase “, or public
announcement of, the formal or informal interpretation”, (ii) replacing the word “Shares” where it appears in clause (X) thereof with the words “Hedge Position”, (iii) replacing the parenthetical beginning after the
word “regulation” in the second line thereof the words “(including, for the avoidance of doubt and without limitation, (x) any tax law or (y) adoption, effectiveness or promulgation of new regulations authorized or mandated
by existing statute)” and (iv) adding the words “provided that, in the case of clause (Y) hereof where such determination is based on Dealer’s policies and procedures, such policies and procedures have been adopted by
Dealer in good faith and are generally applicable in similar situations and applied in a non-discriminatory manner” after the semicolon in the last line thereof.
		
	 Failure to Deliver:
	  	Applicable
		
	 Hedging Disruption:
	  	Applicable; provided that Section 12.9(b)(iii) of the Equity Definitions is hereby amended by inserting in the third line thereof, after the words “to terminate the Transaction”, the words “or a portion of
the Transaction affected by such Hedging Disruption”.
		
	 Increased Cost of Hedging:
	  	Not Applicable
		
	 Hedging Party:
	  	For all applicable Additional Disruption Events, Dealer.
		
	 Determining Party:
	  	For all applicable Extraordinary Events, Dealer; provided that when making any determination or calculation as “Determining Party,” Dealer shall be bound by the same obligations relating to required acts of the
Calculation Agent as set forth in Section 1.40 of the Equity Definitions and this Confirmation as if Determining Party were the Calculation Agent.

  
 Page 14 of 32 

			
		
		  	Following any determination or calculation by Determining Party hereunder, upon a written request by Counterparty (which may be by email), Determining Party will promptly (but in any event within five Scheduled Trading Days) provide
to Counterparty by email to the email address provided by Counterparty in such written request a report (in a commonly used file format for the storage and manipulation of financial data) displaying in reasonable detail the basis for such
determination or calculation (including any assumptions used in making such determination or calculation), it being understood that in no event will Determining Party be obligated to share with Counterparty any proprietary or confidential data or
information or any proprietary or confidential models used by it in making such determination or calculation or any information that is subject to an obligation not to disclose such information.
		
	 Non-Reliance:
	  	Applicable
		
	 Agreements and Acknowledgments
	  	
	 Regarding Hedging Activities:
	  	Applicable
		
	 Additional Acknowledgments:
	  	Applicable
		
	 4.  Calculation Agent.
	  	Dealer; provided that, following the occurrence and during the continuance of an Event of Default of the type described in Section 5(a)(vii) of the Agreement with respect to which Dealer is the sole Defaulting Party,
Counterparty shall have the right to designate a nationally recognized independent equity derivatives dealer to replace Dealer as the Calculation Agent, and the parties shall work in good faith to execute any appropriate documentation required by
such replacement Calculation Agent.
		
		  	Following any adjustment, determination or calculation by the Calculation Agent hereunder, upon a written request by Counterparty (which may be by email), the Calculation Agent will promptly (but in any event within five Scheduled
Trading Days) provide to Counterparty by email to the email address provided by Counterparty in such written request a report (in a commonly used file format for the storage and manipulation of financial data) displaying in reasonable detail the
basis for such adjustment, determination or calculation (including any assumptions used in making such adjustment, determination or calculation), it being understood that in no event will the Calculation Agent be obligated to share with Counterparty
any proprietary or confidential data or information or any proprietary or confidential models used by it in making such adjustment, determination or calculation or any information that is subject to an obligation not to disclose such information.
All calculations and determinations by the Calculation Agent shall be made in good faith and in a commercially reasonable manner.

  
 Page 15 of 32 

	5.	 Account Details. 

 

	 	(a)	 Account for payments to Counterparty: 

To be provided. 
 Account for
delivery of Shares to Counterparty: 
 To be provided. 
  

	 	(b)	 Account for payments to Dealer: 

To be provided. 
 Account for
delivery of Shares from Dealer: 
 To be provided. 
  

	6.	 Offices. 

 

	 	(a)	 The Office of Counterparty for the Transaction is: Inapplicable, Counterparty is not a Multibranch Party.

  

	 	(b)	 The Office of Dealer for the Transaction is: [New York, NY] 

 

	7.	 Notices. 

 

	 	(a)	 Address for notices or communications to Counterparty: 

BridgeBio Pharma, Inc. 
 421
Kipling Street 
 Palo Alto, CA 94301 

Attention:                 Brian Stephenson, Chief Financial
Officer 
 Email:
                      650-391-9740 

 

	 	(b)	 Address for notices or communications to Dealer: 

[_________] 
 [_________] 

[_________] 
 [_________] 

[_________] 
 With a copy to: 

[_________] 
 [_________] 

[_________] 
 [_________] 

[_________] 

  
 Page 16 of 32 

	8.	 Representations and Warranties. 

Each of the representations and warranties of Counterparty set forth in Section 3 of the Purchase Agreement (the “Purchase
Agreement”) dated as of March [__], 2020, between Counterparty and J.P. Morgan Securities LLC and BofA Securities, Inc., as representatives of the Initial Purchasers party thereto (the “Initial Purchasers”), are true and
correct and are hereby deemed to be repeated to Dealer as if set forth herein. Counterparty hereby further represents and warrants to Dealer on the date hereof and on and as of the Premium Payment Date that: 

 

	 	(a)	 (i) Counterparty has all necessary corporate power and authority to execute, deliver and perform its
obligations in respect of the Transaction; (ii) such execution, delivery and performance have been duly authorized by all necessary corporate action on Counterparty’s part; and (iii) this Confirmation has been duly and validly
executed and delivered by Counterparty and constitutes its valid and binding obligation, enforceable against Counterparty in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium
and similar laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether
enforcement is sought in a proceeding at law or in equity) and except that rights to indemnification and contribution hereunder may be limited by federal or state securities laws or public policy relating thereto. 

 

	 	(b)	 In lieu of the representation set forth in Section 3(a)(iii) of the Agreement, neither the execution and
delivery of this Confirmation nor the incurrence or performance of obligations of Counterparty hereunder will conflict with or result in a breach of the certificate of incorporation or by-laws (or any
equivalent documents) of Counterparty, or any applicable law or regulation, or any order, writ, injunction or decree of any court or governmental authority or agency, or any agreement or instrument filed as an exhibit to Counterparty’s Annual
Report on Form 10-K for the year ended December 31, 2019 to which Counterparty or any of its subsidiaries is a party or by which Counterparty or any of its subsidiaries is bound or to which Counterparty
or any of its subsidiaries is subject, or constitute a default under, or result in the creation of any lien under, any such agreement or instrument. 

  

	 	(c)	 No consent, approval, authorization, or order of, or filing with, any governmental agency or body or any court
is required in connection with the execution, delivery or performance by Counterparty of this Confirmation, except such as have been obtained or made and such as may be required under the Securities Act or state securities laws.

  

	 	(d)	 Counterparty is not and, after consummation of the transactions contemplated hereby, will not be required to
register as an “investment company” as such term is defined in the Investment Company Act of 1940, as amended. 

  

	 	(e)	 Counterparty is an “eligible contract participant” (as such term is defined in Section 1a(18) of
the Commodity Exchange Act, as amended, other than a person that is an eligible contract participant under Section 1a(18)(C) of the Commodity Exchange Act). 

 

	 	(f)	 Counterparty is not, on the date hereof, aware of any material
non-public information with respect to Counterparty or the Shares. 

  

	 	(g)	 To the knowledge of Counterparty, no state or local (including any
non-U.S. jurisdiction’s) law, rule, regulation or regulatory order applicable to the Shares would give rise to any reporting, consent, registration or other requirement (including without limitation a
requirement to obtain prior approval from any person or entity) as a result of Dealer or its affiliates owning or holding (however defined) Shares; provided that Counterparty makes no representation or warranty regarding any such requirement
that is applicable generally to the ownership of common equity securities of U.S. domestic issuers listed on the Exchange by Dealer or any of its affiliates solely as a result of it or any of such affiliates being a financial institution or broker
dealer. 

  
 Page 17 of 32 

	 	(h)	 Counterparty (A) is capable of evaluating investment risks independently, both in general and with regard
to all transactions and investment strategies involving a security or securities; (B) will exercise independent judgment in evaluating the recommendations of any broker-dealer or its associated persons, unless it has otherwise notified the
broker-dealer in writing; and (C) has total assets of at least USD 50 million as of the date hereof. 

 Dealer
hereby represents and warrants to Counterparty on the date hereof and on and as of the Premium Payment Date, that Dealer is an “eligible contract participant” (as such term is defined in Section 1a(18) of the Commodity Exchange Act,
other than a person that is an eligible contract participant under Section 1a(18)(C) of the Commodity Exchange Act). 
  

	9.	 Other Provisions. 

 

	 	(a)	 Opinions. Counterparty shall deliver to Dealer an opinion of counsel, dated as of the Premium
Payment Date, with respect to the matters set forth in Sections 8(a)(i) and (ii), 8(b) and 8(c) (as to agreements governing indebtedness) of this Confirmation (it being understood that such opinions of counsel shall be limited to the federal laws of
the United States, the laws of the State of New York and the General Corporate Law of the State of Delaware and may contain customary limitations, exceptions and qualifications). Delivery of such opinion to Dealer shall be a condition precedent for
the purpose of Section 2(a)(iii) of the Agreement with respect to each obligation of Dealer under Section 2(a)(i) of the Agreement. 

  

	 	(b)	 Repurchase Notices. Counterparty shall, on any day on which Counterparty effects any repurchase
of Shares, promptly give Dealer a written notice of such repurchase (a “Repurchase Notice”) on such day if following such repurchase, the number of outstanding Shares as determined on such day is (i) less than [__] million (in
the case of the first such notice) or (ii) thereafter more than [__] million less than the number of Shares included in the immediately preceding Repurchase Notice; provided that Counterparty may provide Dealer advance notice on or prior
to any such day to the extent it expects that repurchases effected on such day may result in an obligation to deliver a Repurchase Notice (and in such case, any such advance notice shall be deemed a Repurchase Notice to the maximum extent of
repurchases set forth in such advance notice as if Counterparty had executed such repurchases). Counterparty agrees to indemnify and hold harmless Dealer and its affiliates and their respective officers, directors, employees, affiliates, advisors,
agents and controlling persons (each, an “Indemnified Person”) from and against any and all losses (including losses relating to Dealer’s hedging activities as a consequence of becoming, or of the risk of becoming, a
Section 16 “insider”, including without limitation, any forbearance from hedging activities or cessation of hedging activities and any losses in connection therewith with respect to the Transaction), claims, damages, judgments,
liabilities and reasonable and documented out-of-pocket expenses (including reasonable attorney’s fees of one outside counsel in each relevant jurisdiction), joint
or several, which an Indemnified Person may become subject to, as a result of Counterparty’s failure to provide Dealer with a Repurchase Notice on the day and in the manner specified in this paragraph, and to reimburse, within 30 days, upon
written request, each of such Indemnified Persons for any reasonable legal or other out-of-pocket expenses incurred (and supported by invoices or other documentation
setting forth in reasonable detail such expenses) in connection with investigating, preparing for, providing testimony or other evidence in connection with or defending any of the foregoing. If any suit, action, proceeding (including any
governmental or regulatory investigation), claim or demand shall be brought or asserted against the Indemnified Person as a result of Counterparty’s failure to provide Dealer with a Repurchase Notice in accordance with this paragraph, such
Indemnified Person shall promptly notify Counterparty in writing, and Counterparty, upon request of the Indemnified Person, shall retain counsel reasonably satisfactory to the Indemnified Person to represent the Indemnified Person and any others
Counterparty may designate in such proceeding and shall pay the reasonable fees and expenses of such counsel related to such proceeding. Counterparty shall not be liable to the extent that the Indemnified Person fails to notify Counterparty within a
commercially reasonable period of time after any action is commenced against it in respect of which indemnity may be sought hereunder (it being understood that any such notice delivered within 30 calendar days of the commencement of

  
 Page 18 of 32 

	 	
any such action shall be deemed to have been delivered within a commercially reasonable period of time for such purpose). In addition, Counterparty shall not have liability for any settlement of
any proceeding contemplated by this paragraph that is effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, Counterparty agrees to indemnify any Indemnified Person from and against
any loss or liability by reason of such settlement or judgment. Counterparty shall not, without the prior written consent of the Indemnified Person, effect any settlement of any such proceeding contemplated by this paragraph that is pending or
threatened in respect of which any Indemnified Person is or could have been a party and indemnity could have been sought hereunder by such Indemnified Person, unless such settlement includes an unconditional release of such Indemnified Person from
all liability on claims that are the subject matter of such proceeding on terms reasonably satisfactory to such Indemnified Person. Counterparty shall not be liable for any losses, claims, damages or liabilities (or expenses relating thereto) of any
Indemnified Person that result from the bad faith, gross negligence, willful misconduct or fraud of such Indemnified Person. If the indemnification provided for in this paragraph is unavailable to an Indemnified Person or insufficient in respect of
any losses, claims, damages or liabilities referred to therein, then Counterparty hereunder, in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the amount paid or payable by such Indemnified Person as a result of such
losses, claims, damages or liabilities. The remedies provided for in this paragraph (b) are not exclusive and shall not limit any rights or remedies which may otherwise be available to any Indemnified Person at law or in equity. The indemnity
and contribution agreements contained in this paragraph shall remain operative and in full force and effect regardless of the termination of the Transaction. 

  

	 	(c)	 Regulation M. Counterparty is not on the Trade Date engaged in a distribution, as such term is
used in Regulation M under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), of any securities of Counterparty, other than a distribution meeting the requirements of the exception set forth in Rules 101(b)(10)
and 102(b)(7) of Regulation M. Counterparty shall not, until the second Scheduled Trading Day immediately following the Effective Date, engage in any such distribution. 

 

	 	(d)	 No Manipulation. Counterparty is not entering into the Transaction to create actual or apparent
trading activity in the Shares (or any security convertible into or exchangeable for the Shares) or to raise or depress or otherwise manipulate the price of the Shares (or any security convertible into or exchangeable for the Shares) or otherwise in
violation of the Exchange Act. 

  

	 	(e)	 Transfer or Assignment. 

 

	 	(i)	 Counterparty shall have the right to transfer or assign all or any of its rights and obligations hereunder with
respect to all or any of the Options hereunder (such Options, the “Transfer Options”); provided that such transfer or assignment shall be subject to the following conditions: 

 

	 	(A)	 With respect to any Transfer Options, Counterparty shall not be released from its notice and indemnification
obligations pursuant to Section 9(b) or any obligations under Section 9(n) of this Confirmation; 

  

	 	(B)	 Such transfer or assignment shall be effected on terms, including any reasonable undertakings by such third
party (including, but not limited to, an undertaking with respect to compliance with applicable securities laws in a manner that, in the reasonable judgment of Dealer, will not expose Dealer to material risks under applicable securities laws) and
execution of any documentation and delivery of legal opinions with respect to securities laws and other matters by such third party and Counterparty, as are reasonably requested and reasonably satisfactory to Dealer; 

  
 Page 19 of 32 

	 	(C)	 Dealer will not, as a result of such transfer or assignment, be required to pay the transferee or assignee on
any payment date an amount under Section 2(d)(i)(4) of the Agreement greater than an amount that Dealer would have been required to pay to Counterparty in the absence of such transfer or assignment; 

 

	 	(D)	 Dealer will not, as a result of such transfer or assignment, receive from the transferee or assignee an amount
(taking into account any additional amounts paid under Section 2(d)(i)(4) of the Agreement) that is less than the amount that Dealer would have received from Counterparty in the absence of such transfer or assignment; 

 

	 	(E)	 An Event of Default, Potential Event of Default or Termination Event will not occur as a result of such
transfer or assignment; 

  

	 	(F)	 Counterparty shall cause the transferee or assignee to make such Payee Tax Representations and to provide such
tax documentation as may be reasonably requested by Dealer to permit Dealer to determine that results described in clauses (C), (D) and (E) will not occur upon or after such transfer or assignment, including but not limited to providing tax
documentation specified in Section 9(aa) of this Confirmation and making the tax representations specified in Section 9(dd) of this Confirmation on or prior to such transfer and at the other times specified in such Sections; and

  

	 	(G)	 Counterparty shall be responsible for all reasonable out-of-pocket costs and expenses, including reasonable counsel fees, incurred by Dealer in connection with such transfer or assignment. 

 

	 	(ii)	 Dealer may transfer or assign all or any part of its rights or obligations under the Transaction
(A) without Counterparty’s consent, to any affiliate of Dealer or branch of Dealer or Dealer’s ultimate parent, if any, (1) that has a long-term issuer rating that is equal to or better than Dealer’s credit rating at the
time of such transfer or assignment, or (2) whose obligations hereunder will be guaranteed, pursuant to the terms of a customary guarantee in a form used by Dealer generally for similar transactions, by [Dealer] or [Dealer Parent], or
(B) with Counterparty’s consent (such consent not to be unreasonably withheld or delayed), to any third party financial institution that is a recognized dealer in the market for U.S. corporate equity derivatives and that has a long-term
issuer rating equal to or better than the greater of (1) the credit rating of Dealer at the time of the transfer and (2) A- by Standard and Poor’s Rating Group, Inc. or its successor
(“S&P”), or A3 by Moody’s Investor Service, Inc. or its successor (“Moody’s”) or, if either S&P or Moody’s ceases to rate such debt, at least an equivalent rating or better by a
substitute rating agency mutually agreed by Counterparty and Dealer; provided that, in the case of any transfer or assignment described in clause (A) or (B) above, (I) an Event of Default, Potential Event of Default or Termination
Event will not occur as a result of such transfer and assignment and (II)(a) Counterparty will not receive from the transferee or assignee on any payment date or delivery date an amount or a number of Shares, as applicable, lower than the amount or
the number of Shares, as applicable, that Dealer would have been required to pay or deliver to Counterparty in the absence of such transfer or assignment, (b) Counterparty will not, as a result of such transfer or assignment, be required to pay
the transferee or assignee on any payment date an amount under Section 2(d)(i)(4) of the Agreement greater than an amount that Counterparty would have been required to pay to Dealer in the absence of such transfer or assignment, and
(c) Dealer shall cause the transferee or assignee to make such Payee Tax Representations and to provide such tax documentation as may be reasonably requested by Counterparty to permit Counterparty to determine that events described in clauses
(II)(a) and (b) of this proviso will not occur upon or after such transfer or assignment. If at any time at which (A) the Section 16 Percentage exceeds 9.0%, (B) the Option Equity Percentage exceeds 14.5%, or (C) the Share Amount
exceeds the Applicable 

  
 Page 20 of 32 

	 	
Share Limit (if any applies) (any such condition described in clauses (A), (B) or (C), an “Excess Ownership Position”), Dealer is unable after using its commercially reasonable
efforts to effect a transfer or assignment of Options to a third party on pricing terms reasonably acceptable to Dealer and within a time period reasonably acceptable to Dealer such that no Excess Ownership Position exists, then Dealer may designate
any Exchange Business Day as an Early Termination Date with respect to a portion of the Transaction (the “Terminated Portion”), such that following such partial termination no Excess Ownership Position exists. In the event that
Dealer so designates an Early Termination Date with respect to a portion of the Transaction, a payment shall be made pursuant to Section 6 of the Agreement as if (1) an Early Termination Date had been designated in respect of a Transaction
having terms identical to the Transaction and a Number of Options equal to the number of Options underlying the Terminated Portion, (2) Counterparty were the sole Affected Party with respect to such partial termination and (3) the
Terminated Portion were the sole Affected Transaction (and, for the avoidance of doubt, the provisions of Section 9(l) shall apply to any amount that is payable by Dealer to Counterparty pursuant to this sentence as if Counterparty was not the
Affected Party). Dealer shall notify Counterparty of an Excess Ownership Position with respect to which it intends to seek a transfer or assignment as soon as reasonably practicable after becoming aware of such an Excess Ownership Position. The
“Section 16 Percentage” as of any day is the fraction, expressed as a percentage, (A) the numerator of which is the number of Shares that Dealer and any other person subject to aggregation with Dealer for
purposes of the “beneficial ownership” test under Section 13 of the Exchange Act, or any “group” (within the meaning of Section 13 of the Exchange Act) of which Dealer is or may be deemed to be a part beneficially owns
(within the meaning of Section 13 of the Exchange Act), without duplication, on such day (or, to the extent that for any reason the equivalent calculation under Section 16 of the Exchange Act and the rules and regulations thereunder
results in a higher number, such higher number) and (B) the denominator of which is the number of Shares outstanding on such day. The “Option Equity Percentage” as of any day is the fraction, expressed as a percentage,
(A) the numerator of which is the sum of (1) the product of the Number of Options and the Option Entitlement and (2) the aggregate number of Shares underlying any other call option transaction sold by Dealer to Counterparty, and
(B) the denominator of which is the number of Shares outstanding. The “Share Amount” as of any day is the number of Shares that Dealer and any person whose ownership position would be aggregated with that of Dealer (Dealer or
any such person, a “Dealer Person”) under any law, rule, regulation, regulatory order or organizational documents or contracts of Counterparty that are, in each case, applicable to ownership of Shares (“Applicable
Restrictions”), owns, beneficially owns, constructively owns, controls, holds the power to vote or otherwise meets a relevant definition of ownership under any Applicable Restriction, as determined by Dealer in its reasonable discretion.
The “Applicable Share Limit” means a number of Shares equal to (A) the minimum number of Shares that could give rise to reporting or registration obligations or other requirements (including obtaining prior approval from any
person or entity) of a Dealer Person (except for filings of Form 13F, Schedule 13D or Schedule 13G under the Exchange Act), or could result in an adverse effect on a Dealer Person, under any Applicable Restriction, as determined by Dealer in its
reasonable discretion, minus (B) 1% of the number of Shares outstanding. 

  

	 	(iii)	 Notwithstanding any other provision in this Confirmation to the contrary requiring or allowing Dealer to
purchase, sell, receive or deliver any Shares or other securities, or make or receive any payment in cash, to or from Counterparty, Dealer may designate any of its affiliates to purchase, sell, receive or deliver such Shares or other securities, or
to make or receive such payment in cash, and otherwise to perform Dealer’s obligations in respect of the Transaction and any such designee may assume such obligations. Dealer shall be discharged of its obligations to Counterparty to (and only
to) the extent of any such performance. 

  
 Page 21 of 32 

	 	(f)	 Staggered Settlement. If upon advice of counsel with respect to applicable legal and regulatory
requirements, including any requirements relating to Dealer’s commercially reasonable hedging activities hereunder, Dealer reasonably determines that it would not be practicable or advisable to deliver, or to acquire Shares to deliver, any or
all of the Shares to be delivered by Dealer on any Settlement Date for the Transaction, Dealer may, by notice to Counterparty on or prior to any Settlement Date (a “Nominal Settlement Date”), elect to deliver the Shares on two or
more dates (each, a “Staggered Settlement Date”) as follows: 

  

	 	(i)	 in such notice, Dealer will specify to Counterparty the related Staggered Settlement Dates (each of which shall
occur on or prior to such Nominal Settlement Date) and the number of Shares that it will deliver on each Staggered Settlement Date; 

  

	 	(ii)	 the aggregate number of Shares that Dealer will deliver to Counterparty hereunder on all such Staggered
Settlement Dates will equal the number of Shares that Dealer would otherwise be required to deliver on such Nominal Settlement Date; and 

  

	 	(iii)	 if the Net Share Settlement terms or the Combination Settlement terms set forth above were to apply on the
Nominal Settlement Date, then the Net Share Settlement terms or the Combination Settlement terms, as the case may be, will apply on each Staggered Settlement Date, except that the Shares otherwise deliverable on such Nominal Settlement Date will be
allocated among such Staggered Settlement Dates as specified by Dealer in the notice referred to in clause (i) above. 

  

	 	(g)	 [Role of Agent.][Insert relevant Dealer language regarding agency or communications with
employees .] 

  

	 	(h)	 Additional Termination Events. 

 

	 	(i)	 Notwithstanding anything to the contrary in this Confirmation, upon any Early Conversion in respect of which a
“Notice of Conversion” (as defined in the Indenture) that is effective as to Counterparty has been delivered by the relevant converting Holder: 

  

	 	(A)	 Counterparty may, within five Scheduled Trading Days of the “Conversion Date” (as defined in the
Indenture) for such Early Conversion, provide written notice (an “Early Conversion Notice”) to Dealer specifying the number of Convertible Notes surrendered for conversion on such Conversion Date (such Convertible Notes, the
“Affected Convertible Notes”) and the anticipated settlement date, and the giving of such Early Conversion Notice shall constitute an Additional Termination Event as provided in this clause (i); provided that any such Early
Conversion Notice shall contain a representation and warranty that Counterparty is not, on the date thereof, aware of any material nonpublic information with respect to Counterparty or the Shares, in respect of the delivery of such Early Conversion
Notice; provided further that the provisions of this Section 9(h)(i) shall not apply to any Affected Convertible Note (i) with respect to which Counterparty has elected the “Exchange in Lieu of Conversion” option pursuant
to Section [14.12] of the Indenture and (ii) that has been accepted by the designated financial institution pursuant to Section [14.12] of the Indenture, except to the extent that Counterparty notifies Dealer, within ten Scheduled Trading Days
of the then applicable conversion settlement date determined pursuant to Section [14.02(c)] of the Indenture, that (x) such financial institution has failed to pay or deliver, as the case may be, the consideration due upon conversion of such
Affected Convertible Note, or (y) such Affected Convertible Note is subsequently resubmitted to Counterparty for conversion in accordance with the terms of the Indenture; 

  
 Page 22 of 32 

	 	(B)	 upon receipt of any such Early Conversion Notice, Dealer shall designate an Exchange Business Day as an Early
Termination Date (which Exchange Business Day shall be on or as promptly as reasonably practicable after the related conversion settlement date for such Early Conversion) with respect to the portion of the Transaction corresponding to a number of
Options (the “Affected Number of Options”) equal to the lesser of (x) the number of Affected Convertible Notes [minus the “Affected Number of Options” (as defined in the Base Call Option Confirmation), if any,
that relate to such Affected Convertible Notes] and (y) the Number of Options as of the Conversion Date for such Early Conversion; 

  

	 	(C)	 any payment hereunder with respect to such termination shall be calculated pursuant to Section 6 of the
Agreement as if (x) an Early Termination Date had been designated in respect of a Transaction having terms identical to the Transaction and a Number of Options equal to the Affected Number of Options, (y) Counterparty were the sole
Affected Party with respect to such Additional Termination Event and (z) the terminated portion of the Transaction were the sole Affected Transaction (and, for the avoidance of doubt, the provisions of Section 9(l) shall apply to any
amount that is payable by Dealer to Counterparty pursuant to this Section 9(h)(i) as if Counterparty were not the Affected Party); 

  

	 	(D)	 for the avoidance of doubt, in determining the amount payable in respect of such Affected Transaction pursuant
to Section 6 of the Agreement, the Calculation Agent shall assume that (x) the relevant Early Conversion and any conversions, adjustments, agreements, payments, deliveries or acquisitions by or on behalf of Counterparty leading thereto had
not occurred, (y) no adjustments to the Conversion Rate have occurred pursuant to any Excluded Provision and (z) the corresponding Convertible Notes remain outstanding; and 

 

	 	(E)	 the Transaction shall remain in full force and effect, except that, as of the Conversion Date for such Early
Conversion, the Number of Options shall be reduced by the Affected Number of Options. 

  

	 	(ii)	 Within five Scheduled Trading Days following any Repurchase Event (as defined below), Counterparty may notify
Dealer of such Repurchase Event and the aggregate principal amount of Convertible Notes subject to such Repurchase Event (any such notice, a “Convertible Notes Repurchase Notice”); provided that any such Convertible Notes
Repurchase Notice shall contain a representation and warranty that Counterparty is not, on the date thereof, aware of any material nonpublic information with respect to Counterparty or the Shares, in respect of the delivery of such Convertible Notes
Repurchase Notice. The receipt by Dealer from Counterparty of any Convertible Notes Repurchase Notice shall constitute an Additional Termination Event as provided in this Section 9(h)(ii). Upon receipt of any such Convertible Notes Repurchase
Notice, Dealer shall designate an Exchange Business Day following receipt of such Convertible Notes Repurchase Notice (which Exchange Business Day shall be on or as promptly as reasonably practicable after the related repurchase settlement date for
the relevant Repurchase Event) as an Early Termination Date with respect to the portion of the Transaction corresponding to a number of Options (the “Repurchase Options”) equal to the lesser of (A) the aggregate principal
amount of such Convertible Notes specified in such Convertible Notes Repurchase Notice, divided by USD 1,000 [minus (y) the number of Repurchase Options (as defined in the Base Call Option Confirmation), if any, that relate to
such Convertible Notes], and (B) the Number of Options as of the date Dealer designates such Early Termination Date and, as of such date, the Number of Options shall be reduced by the number of Repurchase Options. Any payment hereunder with
respect to such termination (the “Repurchase Unwind Payment”) shall be calculated pursuant to Section 6 of the Agreement as if (1) an Early Termination Date had been designated in respect of a Transaction having terms
identical to the Transaction and a Number of Options equal to the number of Repurchase Options, (2) Counterparty were the sole Affected Party with respect to such Additional Termination Event, (3) no adjustments to the Conversion Rate have
occurred pursuant to 

  
 Page 23 of 32 

	 	
an Excluded Provision, (4) the corresponding Convertible Notes remaining outstanding, (5) the relevant Repurchase and any conversions, adjustments, agreements, payments, deliveries or
acquisitions by or on behalf of Counterparty leading thereto had not occurred and (6) the terminated portion of the Transaction were the sole Affected Transaction. “Repurchase Event” means that (i) any Convertible Notes
are repurchased or redeemed (whether pursuant to [Section 15.02] of the Indenture or otherwise) by Counterparty or any of its subsidiaries, (ii) any Convertible Notes are delivered to Counterparty in exchange for delivery of any property or
assets of Counterparty or any of its subsidiaries (howsoever described), (iii) any principal of any of the Convertible Notes is repaid prior to the final maturity date of the Convertible Notes (other than upon acceleration of the Convertible Notes
described in Section 9(h)(iii)), or (iv) any Convertible Notes are exchanged by or for the benefit of the Holders (as defined in the Indenture) thereof for any other securities of Counterparty or any of its Affiliates (or any other
property, or any combination thereof) pursuant to any exchange offer or similar transaction; provided that any conversion of Convertible Notes pursuant to the terms of the Indenture shall not constitute a Repurchase Event. 

 

	 	(iii)	 Notwithstanding anything to the contrary in this Confirmation if an event of default with respect to
Counterparty occurs under the terms of the Convertible Notes as set forth in Section [6.01] of the Indenture and such event of default results in the Convertible Notes being accelerated and declared due and payable, then such event of default shall
constitute an Additional Termination Event applicable to the Transaction and, with respect to such Additional Termination Event, (A) Counterparty shall be deemed to be the sole Affected Party, (B) the Transaction shall be the sole Affected
Transaction and (C) Dealer shall be the party entitled to designate an Early Termination Date pursuant to Section 6(b) of the Agreement (which Early Termination Date shall be on or as promptly as reasonably practicable after Dealer becomes
aware of the occurrence of such acceleration). 

  

	 	(iv)	 Notwithstanding anything to the contrary in this Confirmation, the occurrence of an Amendment Event shall
constitute an Additional Termination Event applicable to the Transaction and, with respect to such Additional Termination Event, (A) Counterparty shall be deemed to be the sole Affected Party, (B) the Transaction shall be the sole Affected
Transaction and (C) Dealer shall be the party entitled to designate an Early Termination Date pursuant to Section 6(b) of the Agreement. “Amendment Event” means that Counterparty amends, modifies, supplements, waives or
obtains a waiver in respect of any term of the Indenture or the Convertible Notes governing the principal amount, coupon, maturity, repurchase obligation of Counterparty, any term relating to conversion of the Convertible Notes (including changes to
the conversion rate, conversion rate adjustment provisions, conversion settlement dates or conversion conditions), or any term that would require consent of the holders of not less than 100% of the principal amount of the Convertible Notes to amend
(other than, in each case, any amendment or supplement (x) pursuant to Section [10.01(h)] of the Indenture that, as determined by the Calculation Agent, conforms the Indenture to the description of Convertible Notes in the Offering Memorandum
or (y) pursuant to Section [14.07] of the Indenture), in each case, without the consent of Dealer. 

  

	 	(i)	 Amendments to Equity Definitions. 

 

	 	(i)	 Solely in respect of adjustments to the Cap Price pursuant to Section 9(x), Section 11.2(e)(vii) of
the Equity Definitions is hereby amended by deleting the words “that may have a diluting or concentrative effect on the theoretical value of the relevant Shares” and replacing them with the words “that is the result of a corporate
event involving the Issuer or its securities that has a material economic effect on the Shares or options on the Shares; provided that such event is not based on (a) an observable market, other than the market for the Company’s own
stock or (b) an observable index, other than an index calculated and measured solely by reference to Company’s own operations.” 

  
 Page 24 of 32 

	 	(ii)	 Section 12.6(a)(ii) of the Equity Definitions is hereby amended by (1) inserting “(1)”
immediately following the word “means” in the first line thereof and (2) inserting immediately prior to the semi-colon at the end of subsection (B) thereof the following words: “or (2) the occurrence of any of the
events specified in Section 5(a)(vii)(1) through (9) of the ISDA Master Agreement with respect to that Issuer; provided that the period for dismissal, discharge, stay or restraint therein shall be increased from within 15 days to
within 60 days”. 

  

	 	(iii)	 Section 12.9(b)(i) of the Equity Definitions is hereby amended by (1) replacing “either party
may elect” with “Dealer may elect” and (2) replacing “notice to the other party” with “notice to Counterparty” in the first sentence of such section. 

 

	 	(j)	 No Setoff. Neither party shall have the right to set off any obligation that it may have to the
other party under the Transaction against any obligation such other party may have to it, whether arising under the Agreement, this Confirmation or any other agreement between the parties hereto, by operation of law or otherwise and each party
hereby waives any such right to setoff. 

  

	 	(k)	 Adjustments. For the avoidance of doubt, whenever the Calculation Agent is called upon to
make an adjustment pursuant to the terms of this Confirmation or the Equity Definitions to take into account the effect of an event (other than on adjustments made by reference to the Indenture), the Calculation Agent shall make such adjustment in a
commercially reasonable manner by reference to the effect of such event on Dealer, assuming that Dealer maintains a commercially reasonable hedge position. 

  

	 	(l)	 Alternative Calculations and Payment on Early Termination and on Certain Extraordinary Events. If
(a) an Early Termination Date (whether as a result of an Event of Default or a Termination Event) occurs or is designated with respect to the Transaction or (b) the Transaction is cancelled or terminated upon the occurrence of an
Extraordinary Event (except as a result of (i) a Nationalization, Insolvency or Merger Event in which the consideration to be paid to holders of Shares consists solely of cash, (ii) an Announcement Event, Merger Event or Tender Offer that
is within Counterparty’s control, or (iii) an Event of Default in which Counterparty is the Defaulting Party or a Termination Event in which Counterparty is the Affected Party other than an Event of Default of the type described in
Section 5(a)(iii), (v), (vi), (vii) or (viii) of the Agreement or a Termination Event of the type described in Section 5(b) of the Agreement, in each case that resulted from an event or events outside Counterparty’s control), and
if Dealer would owe any amount to Counterparty pursuant to Section 6(d)(ii) of the Agreement or any Cancellation Amount pursuant to Article 12 of the Equity Definitions (any such amount, a “Payment Obligation”), then Dealer
shall satisfy the Payment Obligation by the Share Termination Alternative (as defined below), unless (a) Counterparty gives irrevocable telephonic notice to Dealer, confirmed in writing within one Scheduled Trading Day, no later than 12:00 p.m.
(New York City time) on the date of the Announcement Event, Merger Date, Tender Offer Date, Announcement Date (in the case of a Nationalization, Insolvency or Delisting), Early Termination Date or date of cancellation, as applicable, of its election
that the Share Termination Alternative shall not apply, (b) Counterparty remakes the representation set forth in Section 8(f) as of the date of such election and (c) Dealer agrees, in its good faith discretion, to such election, in
which case the provisions of Section 12.7 or Section 12.9 of the Equity Definitions, or the provisions of Section 6(d)(ii) and Section 6(e) of the Agreement, as the case may be, shall apply. 

 

			
	 Share Termination Alternative:
	  	If applicable, Dealer shall deliver to Counterparty the Share Termination Delivery Property on, or within a commercially reasonable period of time after, the date when the relevant Payment Obligation would otherwise be due pursuant
to Section 12.7 or 12.9 of the Equity Definitions or Section 6(d)(ii) and 6(e) of the Agreement, as applicable, in satisfaction of such Payment Obligation in the manner reasonably requested by Counterparty free of
payment.

  
 Page 25 of 32 

			
		
	 Share Termination Delivery Property:
	  	A number of Share Termination Delivery Units, as calculated by the Calculation Agent, equal to the Payment Obligation divided by the Share Termination Unit Price. The Calculation Agent shall adjust the Share Termination Delivery
Property by replacing any fractional portion of a security therein with an amount of cash equal to the value of such fractional security based on the values used to calculate the Share Termination Unit Price.
		
	 Share Termination Unit Price:
	  	The value of property contained in one Share Termination Delivery Unit, as determined by the Calculation Agent in its discretion by commercially reasonable means and notified by the Calculation Agent to Dealer at the time of
notification of the Payment Obligation.
		
	 Share Termination Delivery Unit:
	  	One Share or, if the Shares have changed into cash or any other property or the right to receive cash or any other property as the result of a Nationalization, Insolvency or Merger Event (any such cash or other property, the
“Exchange Property”), a unit consisting of the type and amount of such Exchange Property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of
any securities) in such Nationalization, Insolvency or Merger Event, as determined by the Calculation Agent. If such Naturalization, Insolvency, or Merger Event involves a choice of Exchange Property to be received by holders, such holder shall be
deemed to have elected to receive the maximum possible amount of cash.
		
	 Failure to Deliver:
	  	Applicable
		
	 Other applicable provisions:
	  	If Share Termination Alternative is applicable, the provisions of Sections 9.8, 9.9 and 9.11 (as modified above) of the Equity Definitions and the provisions set forth opposite the caption “Representation and Agreement” in
Section 2 will be applicable, except that all references in such provisions to “Physically-settled” shall be read as references to “Share Termination Settled” and all references to “Shares” shall be read as
references to “Share Termination Delivery Units”. “Share Termination Settled” in relation to the Transaction means that Share Termination Alternative is applicable to the Transaction.

  

	 	(m)	 Waiver of Jury Trial. Each party waives, to the fullest extent permitted by applicable law, any
right it may have to a trial by jury in respect of any suit, action or proceeding relating to the Transaction. Each party (i) certifies that no representative, agent or attorney of either party has represented, expressly or otherwise, that such
other party would not, in the event of such a suit, action or proceeding, seek to enforce the foregoing waiver and (ii) acknowledges that it and the other party have been induced to enter into the Transaction, as applicable, by, among other
things, the mutual waivers and certifications provided herein. 

  
 Page 26 of 32 

	 	(n)	 Registration. Counterparty hereby agrees that if, in the good faith reasonable judgment of
Dealer, based on the advice of counsel, the Shares (“Hedge Shares”) acquired by Dealer for the purpose of effecting a commercially reasonable hedge of its obligations pursuant to the Transaction cannot be sold in the public market
by Dealer without registration under the Securities Act, Counterparty shall, at its election, either (i) in order to allow Dealer to sell the Hedge Shares in a registered offering, make available to Dealer an effective registration statement
under the Securities Act and enter into an agreement, in form and substance reasonably satisfactory to Dealer, substantially in the form of an underwriting agreement customary for a registered secondary offering of a similar size in respect of a
similar issuer; provided, however, that if Dealer, in its good faith discretion, is not satisfied with access to due diligence materials, the results of its due diligence investigation, or the procedures and documentation for the registered
offering referred to above, then clause (ii) or clause (iii) of this paragraph shall apply at the election of Counterparty, (ii) in order to allow Dealer to sell the Hedge Shares in a private placement, use commercially reasonable
efforts to enter into a private placement agreement substantially similar to private placement purchase agreements customary for private placements of equity securities of a similar size in respect of a similar issuer, in form and substance
commercially reasonably satisfactory to Dealer (in which case, the Calculation Agent shall make any adjustments to the terms of the Transaction that are necessary, in its commercially reasonable judgment, to compensate Dealer for any commercially
reasonable discount from the public market price of the Shares incurred on the sale of Hedge Shares in a private placement, or (iii) purchase the Hedge Shares then held by Dealer from Dealer at the then current market price on such Exchange
Business Days, and in the amounts and at such time(s), reasonably requested by Dealer. 

  

	 	(o)	 Tax Disclosure. Effective from the date of commencement of discussions concerning the
Transaction, Counterparty and each of its employees, representatives, or other agents may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the Transaction and all materials of any kind
(including opinions or other tax analyses) that are provided to Counterparty relating to such tax treatment and tax structure. 

  

	 	(p)	 Right to Extend. Dealer may postpone or add, in whole or in part, any Valid Day or Valid Days
during the Settlement Averaging Period or any other date of valuation, payment or delivery by Dealer, with respect to some or all of the Options hereunder, if Dealer reasonably determines, in the case of clause (i), in its commercially reasonable
judgment or, in the case of clause (ii), based on advice of counsel, that such action is reasonably necessary or appropriate (i) to preserve Dealer’s commercially reasonable hedging or hedge unwind activity hereunder in light of existing
liquidity conditions in the stock loan market or other relevant market or (ii) to enable Dealer to effect transactions with respect to Shares in connection with its commercially reasonable hedging, hedge unwind or settlement activity hereunder
in a manner that would, if Dealer were the Issuer or an affiliated purchaser of the Issuer, be in compliance with applicable legal or regulatory, requirements of self-regulatory organizations with jurisdiction over Dealer or its affiliates, or with
related policies and procedures adopted by Dealer in good faith so long as such policies and procedures would generally be applicable to counterparties similar to Counterparty and transactions similar to the Transaction); provided that no
such Valid Day or other date of valuation, payment or delivery may be postponed or added more than 160 Valid Days after the original Valid Day or other date of valuation, payment or delivery, as the case may be. 

 

	 	(q)	 Status of Claims in Bankruptcy. Dealer acknowledges and agrees that this Confirmation is
not intended to convey to Dealer rights against Counterparty with respect to the Transaction that are senior to the claims of common stockholders of Counterparty in any United States bankruptcy proceedings of Counterparty; provided that
nothing herein shall limit or shall be deemed to limit Dealer’s right to pursue remedies in the event of a breach by Counterparty of its obligations and agreements with respect to the Transaction; provided, further that nothing
herein shall limit or shall be deemed to limit Dealer’s rights in respect of any transactions other than the Transaction. 

  
 Page 27 of 32 

	 	(r)	 Securities Contract; Swap Agreement. The parties hereto intend for (i) the Transaction to be
a “securities contract” and a “swap agreement” as defined in the Bankruptcy Code (Title 11 of the United States Code) (the “Bankruptcy Code”), and the parties hereto to be entitled to the protections afforded by,
among other Sections, Sections 362(b)(6), 362(b)(17), 546(e), 546(g), 555 and 560 of the Bankruptcy Code, (ii) a party’s right to liquidate the Transaction and to exercise any other remedies upon the occurrence of any Event of Default
under the Agreement with respect to the other party to constitute a “contractual right” as described in the Bankruptcy Code, and (iii) each payment and delivery of cash, securities or other property hereunder to constitute a
“margin payment” or “settlement payment” and a “transfer” as defined in the Bankruptcy Code. 

  

	 	(s)	 Notice of Certain Other Events. Counterparty covenants and agrees that: 

 

	 	(i)	 promptly following the public announcement of the results of any election by the holders of Shares with respect
to the consideration due upon consummation of any Merger Event, Counterparty shall give Dealer written notice of (x) the weighted average of the types and amounts of consideration that holders of Shares have elected to receive upon consummation
of such Merger Event or (y) if no holders of Shares affirmatively make such election, the types and amounts of consideration actually received by holders of Shares (the date of such notification, the “Consideration Notification
Date”); provided that in no event shall the Consideration Notification Date be later than the date on which such Merger Event is consummated; and 

 

	 	(ii)	 (A) Counterparty shall give Dealer commercially reasonable advance (but in no event less than one Exchange
Business Day) written notice of the section or sections of the Indenture and, if applicable, the formula therein, pursuant to which any adjustment will be made to the Convertible Notes in connection with any Potential Adjustment Event, Merger Event
or Tender Offer and (B) promptly following any such adjustment, Counterparty shall give Dealer written notice of the details of such adjustment. 

  

	 	(t)	 Wall Street Transparency and Accountability Act. In connection with Section 739 of the Wall
Street Transparency and Accountability Act of 2010 (“WSTAA”), the parties hereby agree that neither the enactment of WSTAA or any regulation under the WSTAA, nor any requirement under WSTAA or an amendment made by WSTAA, shall limit
or otherwise impair either party’s otherwise applicable rights to terminate, renegotiate, modify, amend or supplement this Confirmation or the Agreement, as applicable, arising from a termination event, force majeure, illegality, increased
costs, regulatory change or similar event under this Confirmation, the Equity Definitions incorporated herein, or the Agreement (including, but not limited to, rights arising from Change in Law, Hedging Disruption, an Excess Ownership Position, or
Illegality (as defined in the Agreement)). 

  

	 	(u)	 Agreements and Acknowledgements Regarding Hedging. Counterparty understands, acknowledges and
agrees that: (A) at any time on and prior to the Expiration Date, Dealer and its affiliates may buy or sell Shares or other securities or buy or sell options or futures contracts or enter into swaps or other derivative securities in order to
adjust its hedge position with respect to the Transaction; (B) Dealer and its affiliates also may be active in the market for Shares other than in connection with hedging activities in relation to the Transaction; (C) Dealer shall make its
own determination as to whether, when or in what manner any hedging or market activities in securities of Issuer shall be conducted and shall do so in a manner that it deems appropriate to hedge its price and market risk with respect to the Relevant
Prices; and (D) any market activities of Dealer and its affiliates with respect to Shares may affect the market price and volatility of Shares, as well as the Relevant Prices, each in a manner that may be adverse to Counterparty.

  
 Page 28 of 32 

	 	(v)	 Early Unwind. In the event the sale of the [“Underwritten
Securities”][“Option Securities”] (as defined in the Purchase Agreement) is not consummated with the Initial Purchasers for any reason, or Counterparty fails to deliver to Dealer opinions of counsel as required pursuant to
Section 9(a), in each case by 5:00 p.m. (New York City time) on the Premium Payment Date, or such later date as agreed upon by the parties (the Premium Payment Date or such later date the “Early Unwind Date”), the
Transaction shall automatically terminate (the “Early Unwind”), on the Early Unwind Date and (i) the Transaction and all of the respective rights and obligations of Dealer and Counterparty under the Transaction shall be
cancelled and terminated and (ii) each party shall be released and discharged by the other party from and agrees not to make any claim against the other party with respect to any obligations or liabilities of the other party arising out of and
to be performed in connection with the Transaction either prior to or after the Early Unwind Date. Each of Dealer and Counterparty represents and acknowledges to the other that upon an Early Unwind, all obligations with respect to the Transaction
shall be deemed fully and finally discharged. 

  

	 	(w)	 Payment by Counterparty. In the event that, following payment of the Premium, (i) an Early
Termination Date occurs or is designated with respect to the Transaction as a result of a Termination Event or an Event of Default (other than an Event of Default arising under Section 5(a)(ii) or 5(a)(iv) of the Agreement) and, as a result,
Counterparty owes to Dealer an amount calculated under Section 6(e) of the Agreement, or (ii) Counterparty owes to Dealer, pursuant to Section 12.7 or Section 12.9 of the Equity Definitions, an amount calculated under
Section 12.8 of the Equity Definitions, such amount shall be deemed to be zero. 

  

	 	(x)	 Other Adjustments Pursuant to the Equity Definitions. Notwithstanding anything to the contrary in
this Confirmation, solely for the purpose of adjusting the Cap Price, the terms “Potential Adjustment Event,” “Merger Event,” and “Tender Offer” shall each have the meanings assigned to such term in the Equity
Definitions (as amended by Section 9(i)(i)) and the provisions modifying the term “Tender Offer” opposite the caption “Announcement Event” in Section 3 above), and upon the occurrence of a Merger Date, the occurrence of
a Tender Offer Date, or declaration by Counterparty of the terms of any Potential Adjustment Event, respectively, as such terms are defined in the Equity Definitions, the Calculation Agent shall determine in a commercially reasonable manner whether
such occurrence or declaration, as applicable, has had a material economic effect on the Transactions and, if so, may, in its commercially reasonable discretion, adjust the Cap Price to preserve the fair value of the Options to Dealer; provided
that in no event shall the Cap Price be less than the Strike Price; provided further that (i) any adjustment to the Cap Price made pursuant to this Section 9(x) shall be made without duplication of any other adjustment hereunder
(including, for the avoidance of doubt, adjustment made pursuant to the provisions opposite the captions “Method of Adjustment,” “Consequences of Merger Events / Tender Offers” and “Consequence of Announcement Events”
in Section 3 above). 

  

	 	(y)	 Conduct Rules. Each party acknowledges and agrees to be bound by the Conduct Rules of the
Financial Industry Regulatory Authority, Inc. applicable to transactions in options, and further agrees not to violate the position and exercise limits set forth therein. 

 

	 	(z)	 Risk Disclosure Statement. Counterparty represents and warrants that it has received, read and
understands the OTC Options Risk Disclosure Statement provided by Dealer and a copy of the most recent disclosure pamphlet prepared by The Options Clearing Corporation entitled “Characteristics and Risks of Standardized Options”.

  

	 	(aa)	 Delivery of Tax Certificates. For purposes of Section 4(a)(i) of the Agreement, on or prior
to the Trade Date, promptly upon learning that the information on any form previously delivered under this Section 9(aa) is inaccurate or incorrect and at any other time reasonably requested by Dealer, Counterparty shall have delivered to
Dealer a properly completed Internal Revenue Service Form W-9. On or prior to the Trade Date, promptly upon learning that the information on any form previously delivered under this Section 9(aa) is
inaccurate or incorrect and at any other time reasonably requested by Counterparty, Dealer shall have delivered to Counterparty a properly completed Internal Revenue Service Form [W-9]. 

  
 Page 29 of 32 

	 	(bb)	 Withholding Tax Imposed on Payments to Non-U.S. Counterparties
under the United States Foreign Account Tax Compliance Act. “Tax” and “Indemnifiable Tax”, each as defined in Section 14 of the Agreement, shall not include any U.S. federal withholding tax imposed or collected
pursuant to FATCA (a “FATCA Withholding Tax”). “FATCA” is defined as Sections 1471 through 1474 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), any current or future regulations or
official interpretations thereof, any agreement entered into pursuant to Section 1471(b) of the Code, or any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection
with the implementation of such Sections of the Code. For the avoidance of doubt, a FATCA Withholding Tax is a Tax the deduction or withholding of which is required by applicable law for the purposes of Section 2(d) of the Agreement.

  

	 	(cc)	 2015 Section 871(m) Protocol. The parties agree that the
definitions and provisions contained in the 2015 Section 871(m) Protocol, as published by ISDA, are incorporated into and shall apply to this Confirmation and the Agreement as if set forth in full herein. 

 

	 	(dd)	 Payee Tax Representations. For purposes of Section 3(f) of the Agreement, Counterparty
represents that it is a “U.S. person” (as that term is used in section 1.1441-4(a)(3)(ii) of the U.S. Treasury Regulations) for U.S. federal income tax purposes and “exempt” within the
meaning of sections 1.6041-3(p) and 1.6049-4(c) of the U.S. Treasury Regulations from information reporting on U.S. Internal Revenue Service Form 1099 and backup
withholding. 

  

	 	(ee)	 [U.S. QFC Stay Rules. The parties agree that (i) to the extent that prior to the date hereof
both parties have adhered to the 2018 ISDA U.S. Resolution Stay Protocol (the “Protocol”), the terms of the Protocol are incorporated into and form a part of this Agreement, and for such purposes this Agreement shall be deemed a
Protocol Covered Agreement and each party shall be deemed to have the same status as Regulated Entity and/or Adhering Party as applicable to it under the Protocol; (ii) to the extent that prior to the date hereof the parties have executed a
separate agreement the effect of which is to amend the qualified financial contracts between them to conform with the requirements of the QFC Stay Rules (the “Bilateral Agreement”), the terms of the Bilateral Agreement are
incorporated into and form a part of this Agreement and each party shall be deemed to have the status of “Covered Entity” or “Counterparty Entity” (or other similar term) as applicable to it under the Bilateral Agreement; or
(iii) if clause (i) and clause (ii) do not apply, the terms of Section 1 and Section 2 and the related defined terms (together, the “Bilateral Terms”) of the form of bilateral template entitled
“Full-Length Omnibus (for use between U.S. G-SIBs and Corporate Groups)” published by ISDA on November 2, 2018 (currently available on the 2018 ISDA U.S. Resolution Stay Protocol page at
www.isda.org and, a copy of which is available upon request), the effect of which is to amend the qualified financial contracts between the parties thereto to conform with the requirements of the QFC Stay Rules, are hereby incorporated into and form
a part of this Agreement, and for such purposes this Agreement shall be deemed a “Covered Agreement,” Dealer shall be deemed a “Covered Entity” and Dealer shall be deemed a “Counterparty Entity.” In the event that,
after the date of this Agreement, both parties hereto become adhering parties to the Protocol, the terms of the Protocol will replace the terms of this Section 9(ee) of the Confirmation. In the event of any inconsistencies between this
Agreement and the terms of the Protocol, the Bilateral Agreement or the Bilateral Terms (each, the “QFC Stay Terms”), as applicable, the QFC Stay Terms will govern. Terms used in this paragraph without definition shall have the
meanings assigned to them under the QFC Stay Rules. For purposes of this paragraph, references to “this Agreement” include any related credit enhancements entered into between the parties or provided by one to the other. In addition, the
parties agree that the terms of this paragraph shall be incorporated into any related covered affiliate credit enhancements, with all references to Dealer Parent replaced by references to the covered affiliate support provider.

  
 Page 30 of 32 

 “QFC Stay Rules” means the regulations codified at 12 C.F.R. 252.2,
252.81–8, 12 C.F.R. 382.1-7 and 12 C.F.R. 47.1-8, which, subject to limited exceptions, require an express recognition of the stay-and-transfer powers of the FDIC under the Federal Deposit Insurance Act and the Orderly Liquidation Authority under Title II of the Dodd Frank Wall Street Reform and Consumer Protection Act and the
override of default rights related directly or indirectly to the entry of an affiliate into certain insolvency proceedings and any restrictions on the transfer of any covered affiliate credit enhancements.] 

 

	 	(ff)	 [Dealer Boilerplate]. Insert additional Dealer boilerplate, if any. 

 

  
 Page 31 of 32 

 Please confirm that the foregoing correctly sets forth the terms of our agreement by
executing this Confirmation and returning it to [Dealer]. 
 Very truly yours, 

 

	
	[DEALER]
	
	By:
                                         
                           
	Authorized Signatory
	Name:]

 Accepted and confirmed 
 as
of the Trade Date: 
  

	
	BRIDGEBIO PHARMA, INC.
	
	By:
                                         
                           
	Authorized Signatory
	Name:dzsi-ex101_10.htm

Exhibit 10.1

LOAN AGREEMENT

 

 

 

 

 

 

-Lender-

[DASAN Networks, Inc.]

 

 

 

 

-the Borrower-

[DASAN Network Solutions, Inc.]

 

 

 

 

 

 

 

 

 

2020. 3. 3.

 

 

Loan Agreement

 

THIS LOAN AGREEMENT (this “Agreement”) is entered into on this 3rd day of March, 2020 by and between: 

 

		
	
Lender

 
	
DASAN Networks, Inc.

Daewang Pangyo-ro 644 beon-gil, Bundang-gu, Seongnam-si, Gyeonggi-do, Republic of Korea

 

(the “Lender”)

	
 

 
	
 

	
Borrower
	
DASAN Network Solutions, Inc.

Daewang Pangyo-ro 644 beon-gil, Bundang-gu, Seongnam-si, Gyeonggi-do, Republic of Korea

 

(the “Borrower”)

 

 

RECITALS

 

WHEREAS, the Borrower has requested the Lender to make available to the Borrower a loan in an aggregate amount of 22,400,000,000 KRW in order to finance its business operation, and the Lender has agreed to make the loan to the Borrower in the aggregate amount of 22,400,000,000 KRW. 

 

NOW, THEREFORE, the parties hereby agree as follows:

 

Section 1.     Definitions

 

 

Unless otherwise provided herein, the following terms are used in this Agreement and the Recitals with the respective meanings ascribed to such terms below and shall be interpreted accordingly. 

 

1

 

 

 

 

 

	
 
	
1.
	
Unless the context requires otherwise, terms defined in the singular shall have the corresponding meaning in the plural, and vice versa, and any reference made to an agreement shall include the agreement as well as the written instrument thereof. 

 

	
 
	
2.
	
Any reference made to a different agreement shall include amendment to or modification of such agreement. 

 

	
 
	
3.
	
Any reference to law, enforcement decree, enforcement rule, public notice, plan, etc. shall mean law, enforcement decree, enforcement rule, public notice, plan, etc. effective as of the date hereof, and in the event of amendment thereto or substitution thereof after the date hereof, such reference shall include the respective amendment or substitution. 

 

	
 
	
4.
	
Unless otherwise provided herein, parties to this Agreement and any person referred to in this Agreement shall include their legally designated successor.

 

“Loan” means, as of any date of determination, the total outstanding amount of the loan in the amount of KRW 22,400,000,000 provided by the Lender to the Borrower under this Agreement.

 

“Drawdown” means payment of the loan amount by the Lender to the Borrower in accordance with the terms of this Agreement. 

 

“Drawdown Date” means the date on which the Drawdown is made under this Agreement, and shall specifically mean March 12, 2020. 

 

“Maturity Date” means the date falling 2 years from the Drawdown Date, and shall specifically mean March 11, 2022.

 

“Outstanding Obligations” means, as of any date of determination, the sum of the Loan and any unpaid interest (including any default interest) incurred thereon. 

 

“Business Day” means any day (other than a Saturday, Sunday or a legal holiday) on 

2

 

 

 

 

which banks are open for business in the Republic of Korea. 

 

“Interest Period” means, in principle, each six month period commencing on the Drawdown Date. For the avoidance of doubt, Interest Periods are as follows: 

 

	
 
	
1.
	
Initial Interest Period: Drawdown Date – June 30, 2020 

	
 
	
2.
	
2nd Interest Period: July 1, 2020 – December 31, 2020 

	
 
	
3.
	
3rd Interest Period: January 1, 2021 – June 30, 2021

	
 
	
4.
	
4th Interest Period: July 1, 2021 – December 31, 2021

	
 
	
5.
	
5th Interest Period: January 1, 2022 – March 11, 2022

 

“Interest Payment Date” means the first day of each Interest Period. 

 

“Prepayment” means prepayment of all or any part of the Loan prior to the Maturity Date in accordance with the terms provided in Section 7 Clause 3 hereof. 

 

“Share Pledge” means the Share Pledge Agreement to be entered into by and among the Borrower, the Lender and DASAN NETWORK SOLUTIONS, INC. (the Borrower’s shareholder) pursuant to which security interest will be established to secure the Secured Obligations.  

 

“Share Pledgor” means DASAN NETWORK SOLUTIONS, INC. established under laws of the United States. 

 

“Security Agreement (Personal Property)” means the agreement with respect to the personal property of the Borrower to be entered into by and between the Borrower and the Lender pursuant to which security interest will be established to secure the Secured Obligations.

 

“Security Agreement (AR)” means the agreement to be entered into by and between the Borrower and the Lender pursuant to which the Borrower will transfer account receivables to the Lender in order to secure the Secured Obligations.

 

“Event of Default” means each of the events set forth in Section 10 Clause 1, and 

3

 

 

 

 

“Default” means the occurrence of the Event of Default. 

 

“Secured Obligations” means all the payment obligation of the Borrower towards the Lender under this Agreement such as repayment of principal of the Loan, etc. 

 

 

Section 2.    Loan Facility

 

Clause 1     Loan Facility

 

On the terms and conditions of this Agreement, the Borrower agrees to borrow from the Lender and the Lender agrees to make available to the Borrower, a loan in the aggregate amount of 22,400,000,000 KRW. 

 

Clause 2     Use of Funds

 

The Borrower shall use the proceeds of the loan obtained under this Agreement to finance its business operation, provided that the proceeds of the loan will be used firstly to repay the outstanding debts of Dasan Zhone Solutions, Inc. (“Parent”) to PNC Bank, National Association. 

 

 

Section 3     Drawdown

 

Clause 1    Drawdown

 

Subject to the satisfaction of the conditions precedent to Drawdown set forth in Clause 2 below, the Lender shall wire transfer 22,400,000,000 KRW into the bank account opened in the name of the Borrower at Industrial Bank of Korea (Account No. 528030277604045) on the Drawdown Date. Upon wire transfer and remittance of such amount to the bank account, the Lender’s obligation to Drawdown shall be deemed fulfilled.  

 

Clause 2     Conditions Precedent to Drawdown

 

	
(1)
	
The obligation of the Lender to provide the loan amount is subject to the satisfaction 

4

 

 

 

 

		
of each of the following conditions precedent. 

 

	
 
	
1.
	
The Borrower shall have submitted all the drawdown conditions precedent deliverables listed in Appendix 1; provided, however, the deliverables shall be true and accurate and shall be in form and substance satisfactory to the Lender. 

 

	
 
	
2.
	
No Event of Default set forth in Section 10 Clause 1 or breach of covenants set forth in Section 9 shall have occurred and is continuing. 

 

	
 
	
3.
	
No violation of this Agreement on the part of the Borrower shall have occurred and be continuing. 

 

	
(2)
	
Notwithstanding Clause 1 above, in the event the Lender reasonably determines any information or statement provided by the Borrower, orally or by written instrument, prior to the Drawdown Date or any representation and warranty set forth in Section 8 is false or inaccurate in material respect, the Lender may not provide all or any portion of the loan amount. 

 

 

Section 4.     Interest

 

Clause 1     Interest Rate

 

The Loan shall bear interest at a rate per annum equal to 4.6% during the loan period. 

 

Clause 2     Computation

 

Unless otherwise explicitly provided herein, interest on the Loan shall be calculated on the basis of the actual number of days (including the first day but excluding the last day) elapsed over a year of 365 days (or 366 days, if applicable),  

 

Clause 3     Default Interest

 

If any principal of or interest on the Loan, fee or any amount payable by the Borrower hereunder is not paid when due, such overdue amount shall bear interest at a rate per 

5

 

 

 

 

annum equal to 9.2%. The actual number of days elapsed shall be calculated in accordance with Clause 2 above. 

 

 

Section 5.     Fees

 

Notwithstanding whether or not the Drawdown has been effected, the Borrower shall be liable for each of the following expenses and costs (including any and all taxes imposed thereon). 

 

	
 
	
1.
	
All reasonable attorneys’ fees and expenses related to the loan transaction contemplated herein;

	
 
	
2.
	
all expenses incurred due to establishing, maintaining and enforcing security interest related to the loan transaction contemplated herein; 

	
 
	
3.
	
all fees and expenses, including attorneys’ fee and legal costs, paid by the Lender in order to collect the Loan and any amount due under this Agreement; 

	
 
	
4.
	
all the other expenses incurred by the Lender in connection with securing and maintaining its rights under this Agreement; and 

	
 
	
5.
	
all the other costs incurred in order to effect the loan transaction contemplated herein in compliance with any law, regulations of any governmental authority, etc. (such as costs of accounting due diligence, credit review, etc.) 

 

 

Section 6     Interest Payment and Repayment

 

Clause 1     Interest Payment

 

The Borrower shall pay interest applicable for the relevant Interest Period in advance to the Lender on each Interest Payment Date. 

 

Clause 2     Repayment of Principal

 

The Borrower shall repay the full amount of the Loan to the Lender on the Maturity Date.

6

 

 

 

 

 

Clause 3     Prepayment

 

	
(1)
	
The Borrower may, by 5 Business Days’ advance notice to the Lender, prepay the Loan in full or in part (for partial prepayment, the minimum amount of prepayment shall be 1,000,000,000 KRW or integral multiples thereof). 

	
(2)
	
The Borrower shall pay interest accrued up to the date of prepayment together with the prepayment amount.

 

Clause 4Application

 

All amounts received by the Lender under this Agreement (including by legal action, enforcement of security and set-off) shall be applied in the following order of priority:

 

	
 
	
1.
	
All costs and fees payable by the Borrower to the Lender under this Agreement 

	
 
	
2.
	
All default interest payable by the Borrower to the Lender under this Agreement

	
 
	
3.
	
All interest payable by the Borrower to the Lender under this Agreement

	
 
	
4.
	
Loan amount payable by the Borrower to the Lender under this Agreement

 

Clause 5     Business Days

 

Whenever any payment is to be made on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day.

 

Clause 6Termination of the Agreement

 

This Agreement shall terminate on the date on which the Borrower repays the Loan in full (including all principal, interest, fees, costs and all other amounts payable under this Agreement.

 

 

Section 7     Security

 

7

 

 

 

 

Clause 1     Share Pledge

 

	
(1)
	
The Borrower shall procure the establishment by DASAN NETWORK SOLUTIONS, INC. (a US corporation established in accordance with the laws of the State of California) of a pledge over all of the shares issued by the Borrower and held by DASAN NETWORK SOLUTIONS, INC. in order to secure the Secured Obligations.  The maximum amount secured shall be 43,300,000,000 KRW which is 130% of the aggregate of (a) the Loan amount and (b) the loan obligations owed by the Borrower, the Parent or DASAN NETWORK SOLUTIONS, INC. to the Lender and outstanding under the loan agreements detailed below:

						
	
Currency
	
Amount
	
Loan Date / Maturity Date
	
Borrower
	
Lender
	
Security

	
USD
	
1,800,000
	
February 15, 2016 / May 27, 2022
	
DASAN NETWORK SOLUTIONS, INC. (USA)
	
The Lender
	
64% of the outstanding shares of DNS Japan

	
USD
	
6,000,000
	
December 27, 2018 / May 27, 2022
	
The Parent
	
The Lender
	
 

	
KRW
	
1,500,000,000
	
March 27, 2018 / May 27, 2022
	
The Borrower
	
The Lender
	
All M1 assets

 

	
(2)
	
The pledge of shares shall be by way of a ‘registered pledge’.

	
(3)
	
Upon the occurrence of an Event of Default under Section 10, Clause 1 and acceleration of the Loan under Section 10, Clause 2.1.2, if the Outstanding Obligations and any other fees and expenses have not been fully paid, the Lender may, at any time, enforce the pledge.

 

Clause 2Security Agreement (Personal Property)

 

	
(1)
	
The Borrower grants a security interest over the personal property of the Borrower 

8

 

 

 

 

		
listed in Appendix 2 hereof to secure the Secured Obligations.

	
(2)
	
Upon the occurrence of an Event of Default under Section 10, Clause 1 and acceleration of the Loan under Section 10, Clause 2.1.2, if the Outstanding Obligations and any other fees and expenses have not been fully paid, the Lender may, at any time, dispose of the property subject to the security interest.

 

Clause 3Security Agreement (AR)

 

	
(1)
	
The Borrower shall grant a security interest over the accounts receivable of the Borrower listed in Appendix 3 hereof (the “AR”) to secure the Secured Obligations.

	
(2)
	
If an Event of Default has occurred and is continuing, the Lender may at any time dispose of the AR subject to the security interest. 

 

Clause 4IP Pledge

 

(1) The Borrower shall cause the pledge over the Borrower’s interest in the intellectual property listed in Appendix 4 hereof (the “Subject IP”) to be released by the current pledgee within 15 days of the Drawdown Date and to de-register the pledge on the registry maintained by the Korean Intellectual Property Office. 

 

(2) The Borrower shall enter into a pledge agreement (the “IP Pledge”) for the purpose of establishing a pledge over the Subject IP to secure the Secured Obligations and the maximum amount secured shall be 43,300,000,000 KRW .

 

(3) Promptly after execution of the IP Pledge, the Borrower shall take all steps to register the pledge on the registry maintained by the Korean Intellectual Property Office.

 

 

Section 8     Borrower’s Representation and Warranties

 

The Borrower represents and warrants to the Lender as follows

 

Clause 1     Incorporation and Binding Agreement

 

The Borrower is a corporation duly organized and existing under the laws of Korea, has full legal right, power and authority to execute, deliver and perform its obligations under 

9

 

 

 

 

this Agreement and all documents ancillary thereto (hereinafter, the “Agreement and Related Documents”).  The Agreement and Related Documents constitutes the legal, valid and binding obligations of the Borrower. 

 

Clause 2     Compliance with Law

 

The entry into and performance by the Borrower of this Agreement and Related Documents does not conflict with any law or regulation, the Borrower’s articles of incorporation or other constitutional documents of the Borrower. 

 

Clause 3     Litigation

 

No litigation, arbitration or other dispute is presently pending or, to the best knowledge of the Borrower, threatened against I which may have a material adverse effect on the Borrower’s business, assets or financial condition.

 

Clause 4     Pari Passu Ranking and Collateral

 

	
(1)
	
The indebtedness incurred and to be incurred by the Borrower under this Agreement, including the Loan, rank at least pari passu in priority of payment and in all other respects with all other indebtedness and obligations of the Borrower except for obligations explicitly provided for herein.

 

	
(2)
	
No legal encumbrance exists over any of the assets to be provided as security under this Agreement by the Borrower, the Share Pledgor or any other security provider and the Borrower, the Share Pledgor and any other security provider has full right and title in its relevant assets. 

 

	
(3)
	
The establishment of a security over the assets to be provided as security under this Agreement is not being made for the purpose of defrauding or infringing upon the rights of any of the creditors of the Borrower, the Share Pledgor or any other security provider.

 

Clause 5No contingent liability

 

10

 

 

 

 

As of the date of this Agreement, the Borrower does not have any significant liabilities (contingent or otherwise) or any unrealized or anticipated losses which are not disclosed by the financial statements that have been submitted to the Lender, and to the best of the Borrower’s knowledge, there are no significant liabilities pending which may have a material adverse effect in the business, assets or financial condition of Borrower.

 

Clause 6    Other Obligations

 

The Borrower has not taken any action, nor is it in default under any agreement to which it is a party which might have a material adverse effect on the ability of the Borrower to perform its obligations hereunder. 

 

Clause 7 Accuracy of Information

 

Any factual information provided by the Borrower to the Lender in connection with this Agreement is complete and correct in all material respects.

 

 

Section 9     Covenants

 

Clause 1     Representations and Warranties

 

The Borrower shall ensure that the representations and warranties contained in this Agreement remain at all times, until repayment of the Loan in full, true and accurate.

 

Clause 2     Litigation

 

The Borrower shall promptly provide the Lender with details of any legal action and of all disputes concerning the Borrower which might have a material adverse effect on the Borrower’s financial condition.

 

Clause 3     Notice of Event of Default

 

Within 3 days of its occurrence, the Borrower shall give written notice to the Lender of 

11

 

 

 

 

any Event of Default or any other matter which, in the Borrower’s reasonable determination, has resulted or might result in a material adverse change in the Borrower's financial condition. 

 

Clause 4     No Amendments

 

Unless otherwise provided for herein, the Borrower shall not, without the prior written consent of the Lender, materially amend any agreement executed or to be executed in relation to Agreement and shall not waive, assign, transfer or other dispose of any of its rights thereunder and shall not consent to any waiver, assignation, transfer or disposal by its counterparty; further, the Borrower shall not take any action, either willfully or negligently, which would result in such counterparty having the right to terminate or cancel such agreement.

 

Clause 5     Other Prohibited Acts

 

	
 
	
1.
	
Amendment to its articles of incorporation, dissolution, liquidation, decrease in capital, merger, spin-off, or any other changes to its organization.

 

Sell or create a security over all, or a material portion of its assets without the prior written consent of the Lender.

 

Clause 6     Information undertaking

 

1. The Borrower will furnish or cause to be furnished to Lender either in hard copy or by electronic communication (including by email, internet and intranet websites) the following:

 

	
 
	
1.
	
within 30 days after the end of each fiscal month, the unaudited consolidated balance sheet and the related unaudited statement of income of (a) Borrower and (b) Parent and its subsidiaries, on a consolidated basis, as of the end of and for such month, presenting fairly in all material respects the financial condition and results of operations thereof, in accordance with generally accepted accounting principles consistently applied, subject to normal year-end audit adjustments and the absence of footnotes;

12

 

 

 

 

 

	
 
	
2.
	
within 30 days after the beginning of each fiscal year, an annual consolidated budget for Parent and its subsidiaries for such fiscal year prepared on a quarterly basis; and

 

	
 
	
3.
	
within 30 days after the end of each fiscal month, a projected cash forecast for Parent and its subsidiaries for the next three months. 

 

2. Other financial information as may be reasonably requested by the Lender.

 

Clause 7.    Maintenance Covenant

At all times, the total equity of the Borrower as stated in the monthly balance sheet to be submitted to the Lender under Clause 6 of this Section shall not be less than the maximum secured amount stated in Section 7, Clause 1, paragraph (1) (43,300,000,000 KRW); provided, that, Borrower will not be in default of its obligations hereunder if its total equity fall below such minimum threshold for a period of less than 30 days.

 

Section 10     Events of Default

 

Clause 1     Events of Default

 

Each of the following events shall each constitute an Event of Default hereunder:

 

	
 
	
1.
	
the failure of Borrower to pay when due (i) any principal of or any accrued but unpaid interest on the Loan or (ii) any other payment due hereunder provided that such failure is not cured within 5 Business Days of the due date;

	
 
	
2.
	
any warranty or representation made by or on behalf of Borrower under Section 8 above shall prove to have been incorrect or misleading in any material respect when made or deemed to have been made;

	
 
	
3.
	
any failure of Borrower in the due performance or observation of any covenant, agreement or term binding upon Borrower hereunder, and such failure shall continue unremedied for more than one (1) month after notice thereof shall have been given to Borrower by Lender;

	
 
	
4.
	
it is or becomes unlawful for Borrower to perform any of its obligations hereunder;

	
 
	
5.
	
any obligation or obligations of Borrower hereunder or any other documents 

13

 

 

 

 

	
 
		
ancillary hereto are not or ceases to be legal, valid, binding or enforceable and the cessation individually or cumulatively adversely affects the interests of Lender hereunder or any security created hereunder, and upon the Lender’s notification to the Borrower of the foregoing, the Borrower fails to provide additional collateral to the Lender within 1 months of receipt of such notice, the objective value of which is equal to the decrease in value of the security negatively affected; or 

	
 
	
6.
	
any event equivalent to subclauses (1) to (5) above or any other event which could reasonably expected to have a material adversely effect upon the assets or financial conditions of Borrower that would affect the ability of Borrower to perform its obligations hereunder.

 

Clause 2     Consequences of Events of Default

 

	
(1) 
	
Upon the occurrence of any Event of Default described in subclauses (1) or (3) of Clause 1 above, all or part of the Loan, together with accrued interest, and all other amounts accrued or outstanding hereunder shall automatically become immediately due and payable upon the occurrence of any such event.

 

	
(2) 
	
Upon the occurrence of any Event of Default (other than those described in subclauses (1) or (3) of Clause 1 above), Lender may by notice to Borrower, all or part of the Loan, together with accrued interest, and all other amounts accrued or outstanding hereunder shall become immediately due and payable on the date of such notice.

 

(3)  On the date of acceleration under subclause (1) or (2) above, Borrower shall pay Lender the amount equal to all outstanding principal of and all accrued but unpaid interest under the Loan, as well as all other costs, fees and other amounts to be paid in relation to the relevant Event of Default.

 

	
(4) 
	
Following the acceleration of the Loan under this Clause 2, if Lender reasonably determines that Borrower is in a position to perform its obligations hereunder, then Lender may by written notice to Borrower withdraw its decision to accelerate the Loan as if no such acceleration was made.

 

 

14

 

 

 

 

Section 11     Governing Law and Dispute Resolution

 

Clause 1     Governing Law

 

This Agreement and any and all documents ancillary hereto shall be governed by, and construed in accordance with, the laws of the Republic of Korea. 

 

Clause 2     Dispute Resolution

 

Seoul Central District Court shall have the exclusive jurisdiction over any suit, action or other disputes arising out of or in relation to this Agreement.

 

 

Section 12     Notice

 

Clause 1     Notice

 

All notices provided for herein shall be in writing and (i) delivered in person, (ii) mailed (registered or certified mail), sent by facsimile transmission as follows or (iii) any other address designated by the other party at least five (5) Business Days prior to the date of such notice.

 

If to Lender: 

	
 
	
Address: 
	
Daewang Pangyo-ro 644 beon-gil, Bundang-gu, Seongnam-si, Gyeonggi-do, Republic of Korea

With copy to:CFO

Telephone No.: 070-7010-1000

Facsimile No.: 031-622-6501

 

If to Borrower: 

	
 
	
Address:
	
Daewang Pangyo-ro 644 beon-gil, Bundang-gu, Seongnam-si, Gyeonggi-do, Republic of Korea

With copy to: Finance Team Head

Telephone No.: 070-7010-1050

Facsimile No.: 031-622-6531

 

15

 

 

 

 

 

Clause 2     Deemed Delivery of Notice

 

Any notice provided herein shall be deemed delivered (i) on the date of delivery, if delivered in person, (ii) on the date falling three (3) days from delivery, if delivered by mail or (iii) on the date of confirmation of proper receipt, if delivered by facsimile transmission.

 

 

Chapter 13     Miscellaneous

 

Clause 1     Entire Agreement

 

This Agreement and all documents ancillary hereto embody the entire agreement and understanding between Borrower and Lender with respect to the Loan and supersede and cancel all prior expressions of interest, commitments, agreements and understanding, whether oral or written, relation to the subject matter hereof.

 

Clause 2     Amendments

 

Any modification or waiver of any provision of this Agreement shall be effective only with the prior written consent or approval of Lender.

 

Clause 3     Severability

 

Any provision of this Agreement which is prohibited or unenforceable under the laws applicable hereto shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting the validity or unenforceability of such provision.

 

Clause 4     Assignment

 

	
(1)
	
Borrower may not assign, transfer or otherwise convey this Agreement or all or any interest or obligation hereunder to any third party without the prior written consent or approval of Lender.

 

16

 

 

 

 

	
(2)
	
Lender may, with the prior consent of the Borrower (such consent not to be unreasonably withheld) and by fixed-date stamped notice to Borrower, assign, transfer or otherwise convey this Agreement or all or any interest or obligation hereunder to any third party. 

 

Clause 5     Term

 

This Agreement shall be effective from the date of this Agreement to and until the payment in full of the Secured Obligations.

 

Clause 6     Conflict with Other Agreement

 

If there is any conflict between the terms of this Agreement and any other agreement, this Agreement shall prevail.

 

Clause 7     Counterparts

 

This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, and it shall not be necessary in making proof of this Agreement to produce or account for more than one such counterpart.

 

 

(Remainder intentionally left blank; signature pages to follow)

 

 

 

17

 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered by their respective duly authorized officers as of the day and year first above written.

 

 

 

 

LenderDASAN NETWORKS, INC.

    

/s/ Min Woo Nam

Name : Min Woo Nam 
Title : Representative Director

 

 

 

 

BorrowerDASAN NETWORK SOLUTIONS, INC.

     

/s/ Deuk Yeon Won

Name : Deuk Yeon Won
Title : Representative Director 

 

                    

 

 

 

 

 

 

18

 

 

 

 

Appendix 1

Conditions Precedent

 

1. Borrower

	
 
	
1)
	
Copies of Articles of Incorporation, commercial register extracts, certificate of corporate seal impression, business registration certificate, shareholders registry and certificate of tax payments;

	
 
	
2)
	
Copy of board resolution approving the execution of this Agreement and the performance of its obligations thereunder;

	
 
	
3)
	
(if applicable) copies of certificate of seal impression of the authorized signatory or other evidence equivalent thereto and power of attorney granting such power to such authorized signatory;

	
 
	
4)
	
Certificate of representative director of Borrower certifying that the documents described in 1) to 3) above are true and accurate copies of its original;

	
 
	
5)
	
Copy of account passbook of the account to which the Loan will be disbursed; and

	
 
	
6)
	
Documents detailing the financial condition of the Borrower and Parent.

	
 
	
7)
	
Other documents reasonably requested by Lender.

 

2. Security Documents

	
 
	
1)
	
Share Pledge, the share certificates and the board resolution approving the execution of this Agreement and the performance of its obligations thereunder;

	
 
	
2)
	
IP Pledge; and

	
 
	
3)
	
Other documents reasonably requested by Lender. 

 

19

 

 

 

 

Appendix 2

List of Personal Property subject to subject to Security Interest

 

[List of all personal property of Borrower.]

 

20

 

 

 

 

Appendix 3

List of Account Receivables subject to Security Interest

 

 

			
	
List of Account Receivables 

	
 

	
 
	
 
	
 

	
Customer code
	
Customer
	
Amount (KRW)

	
200487
	
CELKON IMPEX PRIVATE LIMITED
	
19,945,331,591

	
400201
	
DZS JAPAN Inc. (formerly.DNS Japan Inc.)
	
14,433,561,527

	
100277
	
KT Corporation
	
3,350,439,754

	
200383
	
KYOCERA Communication
	
3,025,580,488

	
200424
	
Twoway Communications, Inc.
	
2,335,945,505

	
400199
	
D-Mobile Limited 
	
2,082,776,706

	
400208
	
DASAN INDIA Private Limited
	
1,926,689,891

	
400207
	
DASAN Zhone Solutions, Inc.
	
1,717,796,408

	
100721
	
LG Uplus Corp.
	
1,646,997,602

	
200160
	
FIBRAIN(formerly:ELMAT)
	
1,622,108,254

	
200102
	
Nokia Solutions and Networks
	
1,538,682,163

	
101408
	
ICT Net Co., Ltd.
	
1,208,175,430

	
100685
	
N-iTUS Co., Ltd
	
658,379,711

	
200369
	
OPTICOMM
	
537,336,536

	
101488
	
Essentec Netwroks
	
491,670,960

	
200490
	
STAR TELECOM CO.,LTD
	
326,111,028

	
200271
	
VNPT-FUJITSU Telecommunication
	
218,637,595

	
200290
	
OOO NAG
	
191,755,159

	
200501
	
A VIET COMMUNICATION TECHNOLOGY
	
168,550,165

	
200520
	
PT. DEIN INDONESIA
	
157,031,577

	
400209
	
DASAN Vietnam Company Limited
	
89,913,094

	
101256
	
Mitsubishi Electric Korea
	
82,728,636

	
101227
	
SB IT Co., Ltd.
	
75,839,940

	
400190
	
DASAN Networks Inc.
	
68,628,300

	
200507
	
OPTERNA TECHNOLOGIES PRIVATE
	
65,491,347

	
200107
	
Nokia Siemens Networks Oy
	
60,021,386

21

 

 

 

 

			
	
200421
	
Yatanarpon Teleport Public Co.,Ltd
	
43,983,750

	
200514
	
VIETTEL (CAMBODIA) PTE. LTD
	
38,999,404

	
101486
	
BKI
	
24,667,322

	
100866
	
IDIS. Ltd
	
18,031,271

	
200506
	
Sterlite Technologies Limited
	
7,440,122

	
100986
	
ITG
	
6,600,000

	
200380
	
PT. Infotech Digital System
	
5,339,040

	
100306
	
KT Commerce Corp.
	
1,110,000

	
200468
	
Bittel Asia Pte Ltd
	
1,038,276

	
400140
	
HANDYSOFT
	
660,000

	
101049
	
ST Solution
	
440,000

	
200522
	
Universal Communications Group
	
258,214

	
101485
	
GANAN NTC
	
2

	
100920
	
SK Network Service
	
0

	
100938
	
SOLiD
	
0

	
101022
	
NP-TECH Inc.
	
0

	
101370
	
Gaia E&C Co., Ltd.
	
0

	
101465
	
E-One IT.
	
0

	
200431
	
DIGITAL CONTENT SERVICE
	
-34,240

	
200524
	
Leedtek Electronics Company Limited
	
-799,000

	
100312
	
SK broadband Co.
	
-32,472,288

	
200408
	
M1 Communication One Member Limited
	
-566,712,592

	
 
	
 
	
57,574,730,034

 

 

 

 

 

 

22

 

 

 

 

 

Appendix 4

 

List of Intellectual Property Subject to Pledge

 

								
	
No
	
Application No
	
Application date
	
Registration No
	
Registration date
	
Title
	
Inventor
	
Applicant/ Obligee

	
1
	
10-2000-0065418
	
2000.11.04
	
0459951
	
2004.11.25
	
Method and apparatus of server load balancing using MAC address translation
	
Yoon, Jeong-gu
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
2
	
10-2000-0066267
	
2000.11.08
	
0456164
	
2004.10.29
	
method and apparatus of distributing IP addresses to the clients in DHCP system
	
Lee, Seung-dong
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
3
	
10-2000-0067261
	
2000.11.13
	
0458986
	
2004.11.19
	
Method and apparatus of Digital Subscriber Line Access Multiplexer using IP addresses
	
Nam, Min-woo
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
4
	
10-2001-0032601
	
2001.06.11
	
10-0378522
	
2003.03.19
	
Apparatus for securing of Network
	
Nam, Min-woo
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
5
	
10-2001-0032600
	
2001.06.11
	
10-0379130
	
2003.03.26
	
Apparatus for wireless telecommunication
	
Nam, Min-woo
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
6
	
10-2003-0025230
	
2003.04.21
	
10-0539163
	
2005.12.21
	
Network Equipment with traffic control facility
	
Shin, Dong-chul
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
7
	
10-2007-0050946
	
2007.05.25
	
10-0885809
	
2009.02.20.
	
AN OPTICAL ETHERNET APPARATUS HAVING A REMOTE CONTROL
	
Lee, Jae-hyung, Lee, Won-shik
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
8
	
10-2007-0050947
	
2007.05.25
	
10-0887927
	
2009.03.03
	
OPTICAL NETWORK TERMINAL HAVING A SELF DIAGNOSIS
	
Lee, Jae-hyung, Lee, Won-shik
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

23

 

 

 

 

								
	
9
	
10-2007-0056771
	
2007.06.11
	
10-0906603
	
2009.07.01
	
Power providing apparatus with the ability of settling a moment power failure problem
	
Lee, Jae-hyung, Lee, Won-shik, Cho, Jae-bok
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
10
	
10-2007-0071353
	
2007.07.16
	
10-0888398
	
2009.03.05
	
SYSTEM FOR A OPERATING PACKET DATA COMMUNICATION NETWORK
	
Lee, Jae-hyung, Lee, Won-shik
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
11
	
10-2007-0077961
	
2007.08.03
	
10-0891288
	
2009.03.24
	
method and apparatus for avoiding allocation of duplicate IP address
	
Seo, Ju-yeon
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
12
	
10-2007-0080811
	
2007.08.10
	
10-0914635
	
2009.08.24
	
OPTICAL LINE TERMINATION
	
Moon, Sang-chul, Lee, Ho-shin, Lee, Jae-hyung
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
13
	
10-2007-0080808
	
2007.08.10
	
10-0883575
	
2009.02.06
	
static routing method and packet routing apparatus implementing the same method
	
Baek, Seong-woo
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
14
	
10-2007-0086067
	
2007.08.27
	
10-0914665
	
2009.08.24
	
apparatus for optical line terminal and apparatus for optical network terminal
	
Moon, Sang-chul, Lee, Ho-shin, Lee, Jae-hyung, Ahn, Hyun-il
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
15
	
10-2007-0086292
	
2007.08.27
	
10-0915317
	
2009.08.27
	
Optical Network Unit and Power control method for it's optical transceiver
	
Lee, Jae-hyung, , Lee, Ho-shin, Moon, Sang-chul, Lee, Byeong-chan
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
16
	
10-2007-0086291
	
2007.08.27
	
10-0912019
	
2009.08.06
	
APPARATUS FOR SWITCHING DUPLICATE PATH IN FIBER OPTIC TELECOMMUNICATION SYSTEM
	
Han, Seo-ho
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
17
	
10-2007-0087852
	
2007.08.30
	
10-0919256
	
2009.09.21
	
apparatus for having layer 3 switching function and network apparatus for having switching function
	
Lee, Kwang-hee
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
18
	
10-2007-0087846
	
2007.08.30
	
10-0890354
	
2009.03.18
	
apparatus for managing forwarding table for layer 3 switching and algorithm for managing forwarding table
	
Lee, Kwang-hee
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

24

 

 

 

 

								
	
19
	
10-2007-0089167
	
2007.09.03
	
10-0925678
	
2009.11.02
	
apparatus for optical line terminal and apparatus for optical network terminal
	
Lee, Jae-hyung,, Moon, Sang-chul Lee, Ho-shin
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
20
	
10-2007-0090017
	
2007.09.05
	
10-0904160
	
2009.06.16
	
APPARATUS FOR PROTECTING BATTERY IN COMMUNICATION SYSTEM
	
Choi, Seong-wook
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
21
	
10-2007-0098711
	
2007.10.01
	
10-0941118
	
2010.02.01
	
apparatus having layer 3 switching function
	
Lee, Seung-dong
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
22
	
10-2007-0104757
	
2007.10.17
	
10-0901347
	
2009.06.01
	
Set Top Box and Multimedia contents service server had a function of dual looking and listening
	
Kim, Young-dong
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
23
	
10-2007-0106022
	
2007.10.22
	
10-0946162
	
2010.03.02
	
server for Dynamic Host Configuration Protocol
	
Nam, Gyeong-wan
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
24
	
10-2007-0106016
	
2007.10.22
	
10-0942719
	
2010.02.09
	
apparatus having Dynamic Host Configuration Protocol - Snooping function
	
Choi, Mi-ji
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
25
	
10-2007-0106021
	
2007.10.22
	
10-0958283
	
2010.05.10
	
apparatus having Dynamic Host Configuration Protocol - Snooping function
	
Shin, Hyeon-jae
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
26
	
10-2007-0109921
	
2007.10.31
	
10-0969816
	
2010.07.06
	
network apparatus for coping with disorder
	
Park, Gwang-hyeon, Lee,Seung-ho, Kim,Dong-woo
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
27
	
10-2007-0118892
	
2007.11.21
	
10-0953510
	
2010.04.12
	
apparatus having function for managing restart information
	
Lee,Jong-guk
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
28
	
10-2008-0015714
	
2008.02.21
	
10-0914256
	
2009.08.20
	
network terminal apparatus for IP TV service
	
Nam, Gyeong-wan
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

25

 

 

 

 

								
	
29
	
10-2008-0026755
	
2008.03.24
	
10-0958803
	
2010.05.12
	
Jitter buffering apparatus and method thereof
	
Lee, Seung-dong
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
30
	
10-2008-0029688
	
2008.03.31
	
10-0947759
	
2010.03.09
	
MALFUNCTION DETECTION APPARATUS AND MULTI-BOARD SYSTEM USING THE SAME
	
Lee,Jeong-woo, Bae,Chul-min
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
31
	
10-2008-0031442
	
2008.04.04
	
10-0938576
	
2010.01.18
	
network apparatus
	
Choi, Seong-wook
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
32
	
10-2008-0040000
	
2008.04.29
	
10-0929132
	
2009.11.23
	
Communication error processing apparatus and method for a subscriber's equipment on Passive Optical Network based on L3/L2 network
	
Ahn, Hyun-il
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
33
	
10-2008-0041242
	
2008.05.02
	
10-0976446
	
2010.08.11
	
METHOD OF MANAGING MENU STRUCTURE ADAPTIVELY IN INTERNET TELEVISION BROADCASTING
	
Choi, Bo-gyeong
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
34
	
10-2008-0049725
	
2008.05.28
	
10-0952875
	
2010.04.07
	
OPTICAL NETWORK UNIT
	
Moon, Sang-chul,
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
35
	
10-2008-0049826
	
2008.05.28
	
10-0988498
	
2010.10.12
	
network terminal apparatus
	
Nam, Gyeong-wan
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
36
	
10-2008-0058743
	
2008.06.23
	
10-0971092
	
2010.07.13
	
apparatus for Internet Group Management Protocol Proxy
	
Nam, Gyeong-wan
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
37
	
10-2008-0062628
	
2008.06.30
	
10-0975018
	
2010.08.04
	
apparatus for Internet Group Management Protocol Proxy
	
Shin,Hyeon-jae
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
38
	
10-2008-0074103
	
2008.07.29
	
10-0982907
	
2010.09.13
	
Optical Network Device and monitoring method thereof
	
Jeon,Chang-seob
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

26

 

 

 

 

								
	
39
	
10-2008-0077335
	
2008.08.07
	
10-0986977
	
2010.10.05
	
network apparatus for preventing from port mis-connection
	
Lee,Bo-gil, Lee,Pil-shin
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
40
	
10-2008-0080306
	
2008.08.18
	
10-0990634
	
2010.10.22
	
operating method for IPTV receiver
	
Park,Jong-hyeon
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
41
	
10-2008-0080829
	
2008.08.19
	
10-0959834
	
2010.05.18
	
Network end apparatus and data processing method
	
Lee,Bo-gil
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
42
	
10-2008-0088185
	
2008.09.08
	
10-0970367
	
2010.07.08
	
operating method for residential gateway
	
Kim,Tae-hoon
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
43
	
10-2008-0088276
	
2008.09.08
	
10-0977399
	
2010.08.17
	
Method and apparatus of processing DHCP packet in dynamic IP address allocation for reducing network load
	
Park,Jong-hyeon
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
44
	
10-2008-0093243
	
2008.09.23
	
10-0983222
	
2010.09.14
	
Method for providing a content data, method for receiving a content data and system for providing a content data
	
Kim,Tae-hoon, Lee,Dong-hun
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
45
	
10-2008-0095957
	
2008.09.30
	
10-0994356
	
2010.11.09
	
Communication system and method
	
Jeon,Chang-seob
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
46
	
10-2008-0106619
	
2008.10.29
	
10-0984633
	
2010.09.27
	
IPTV receiver and operating method for IPTV receiver
	
Lee,Dong-hun, Lee,Ho-jeong
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
47
	
10-2008-0120446
	
2008.12.01
	
10-0992798
	
2010.11.02
	
apparatus for optical network terminal
	
Lee,Bo-gil
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
48
	
10-2008-0128985
	
2008.12.18
	
10-1056030
	
2011.08.04
	
apparatus for Internet Group Management Protocol Proxy
	
Park,Jong-hyeon
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

27

 

 

 

 

								
	
49
	
10-2009-0040332
	
2009.05.08
	
10-1021151
	
2011.03.03
	
METHOD AND APPARATUS FOR MANAGING NOS INSTALLED TO NETWORK DEVICE
	
Baek, Seong-woo
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
50
	
10-2009-0040900
	
2009.05.11
	
10-1063162
	
2011.09.01
	
REMOTE CONTROL UNIT AND DATA FILE REPRODUCTION SYSTEM USING REMOTE CONTROL UNIT
	
Song,Min-chul
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
51
	
10-2009-0092298
	
2009.09.29
	
10-1088630
	
2011.11.25
	
OPTICAL NETWORK TERMINAL AND METHOD FOR DETECTING ROGUE OPTICAL NETWORK TERMINAL
	
Na,Yu-shik,
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
52
	
10-2009-0095557
	
2009.10.08
	
10-1089555
	
2011.11.29
	
Optical Line Termination, Optical Network Terminal and Passive Optical Network
	
Yoo,Seong-hun, Lee,Tae-san
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
53
	
10-2010-0024734
	
2010.03.19
	
10-1113376
	
2012.02.01
	
SET TOP BOX, MOBILE TERMINAL AND METHOD FOR AUTHENTICATING SET TOP BOX
	
Kim,Gi-chul
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
54
	
10-2010-0044507
	
2010.05.12
	
10-1091568
	
2011.12.02
	
OPTICAL COMMUNICATION APPARTUS, OPTICAL TRANSCEIVER PLACED IN OPTICAL COMMUNICATION APPARTUS AND METHOD TO CONTROL OPTICAL TRANSMISSION IN OPTICAL COMMUNICATION APPARTUS
	
Lee,Bo-gil
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
55
	
10-2010-0058548
	
2010.06.21
	
10-1055163
	
2011.08.02
	
APPARATUS FOR ETHERNET SWITCH OF USING VARIOUS PHY CHIP
	
Kim,Seung-gyeong
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
56
	
10-2010-0059651
	
2010.06.23
	
10-1106458
	
2012.01.10
	
Apparatus for optical module of ONU
	
Park,Geon-woo
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
57
	
10-2010-0060787
	
2010.06.25
	
10-1048273
	
2011.07.05
	
Clock selection method for a lower level apparatus below an Optical Network Terminal of the Passive Optical Network
	
Bae,Chul-min
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
58
	
10-2010-0098167
	
2010.10.08
	
10-1104626
	
2012.01.04
	
METHOD AND APPARATUS FOR SERCHING MANAGED OBJECT IN SIMPLE NETWORK MANAGEMENT PROTOCOL
	
Han il
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

28

 

 

 

 

								
	
59
	
10-2010-0100154
	
2010.10.14
	
10-1106036
	
2012.01.09
	
MANAGEMENT METHOD AND APPARATUS OF ONT FOR PON
	
Lee,Bo-gil Na,Yu-shik
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
60
	
10-2011-0009628
	
2011.01.31
	
10-1212448
	
2012.12.10
	
Virtual group Managing device for providing Electronic Program Guide for prefer broadcast channels to user
	
Park,Mi-sun
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
61
	
10-2011-0035240
	
2011.04.15
	
10-1176798
	
2012.08.20
	
METHOD FOR CLOCK SYNCHRONIZATION BETWEEN SLAVE AND MASTER
	
Song,Min-hyeon
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
62
	
10-2011-0117187 
	
2011.11.10
	
10-1266371
	
2013.05.15
	
OPTICAL NETWORK TERMINAL AND METHOD FOR CONFIGURING DUAL OPTICAL NETWORK USING THE OPTICAL NETWORK TERMINAL
	
Yoon,Sang-hyeon
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
63
	
10-2011-0119804
	
2011.11.16
	
10-1265044
	
2013.05.10
	
FLOW BASED QoS SUPPORTING APPARATUS IN DiffServ
	
Lee,Kwang-hee
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
64
	
10-2012-0007849  
	
2012.01.26
	
10-1339682
	
2013.12.04
	
INTELLIGENT ASSOCIATION BLOCKING BAND STEERING METHOD AND SYSTEM THEREOF
	
Kim,Yeon-gyeong
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
65
	
10-2012-0011849
	
2012.02.06
	
10-1276077
	
2013.06.12
	
AP DESIGN SYSTEM FOR ACCESS MANAGEMENT MULTIPLE STATION, AND METHOD FOR ACCESS MANAGEMENT OF MULTIPLE STATION AP
	
Kang,Shin-soek
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
66
	
10-2012-0012634
	
2012.02.08
	
10-1335306
	
2013.11.26
	
SYSTEM AND METHOD FOR SETTING NAT DHCP IP OF PLURAL TERMINAL IN AP
	
Lee,Sang-soo
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
67
	
10-2012-0025752
	
2012.03.13
	
10-1323128
	
2013.10.23
	
APPARATUS AND METHOD OF TIME SYNCHRONIZATION BY AUTOMATICLLY CONTROLLING SENDING MESSAGE COUNT OF MASTER
	
Park,Geon-woo, Moon, Sang-chul,
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
68
	
10-2012-0030696
	
2012.03.26
	
10-1318156
	
2013.10.08
	
METHOD FOR PROTECTION SWITCHING IN ETHERNET RING NETWORK
	
Shin, Dong-chul
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

29

 

 

 

 

								
	
69
	
10-2012-0030697
	
2012.03.26
	
10-1361502
	
2014.02.05
	
APPARATUS FOR ETHERNET SWITCH
	
Lee, Byeong-chan
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
70
	
10-2012-0053443
	
2012.05.21
	
10-1353384
	
2014.01.14
	
A Network Load Reduction Method Using CCM
	
Shin, Dong-chul
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
71
	
10-2012-0060546
	
2012.06.05
	
10-1407271
	
2014.06.09
	
Duplex network system
	
Song,Young-ha
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
72
	
10-2012-0117441
	
2012.10.22
	
10-1440271
	
2014.09.04
	
METHOD AND SYSTEM FOR PROCESSING PACKET
	
Lee, Seung-dong, 

Song,Young-ha
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
73
	
 10-2013-0008196
	
2013.01.24
	
10-1505810
	
2015.03.19
	
Phone terminal having two or more settlement scenarios
	
Lee,Geun-seok
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
74
	
10-2013-0008195
	
2013.01.24
	
10-1542474
	
2015.07.31
	
VoIP terminal having a function of credit card settlement, settlement processing system using a VoIP terminal and settlement processing method using a VoIP terminal
	
Jeon,Byeong-guk
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
75
	
10-2013-0015516
	
2013.02.13
	
 10-1533223
	
2015.06.26
	
Content sale system
	
Kim,Jin-hee
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
76
	
10-2013-0018181
	
2013.02.20
	
10-1446013
	
2014.09.24
	
Settlement processing system and method using a VoIP terminal
	
Lee,Geun-ho
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
77
	
10-2013-0065930
	
2013.06.10
	
10-1456140
	
2014.10.23
	
DETERMINING METHOD FOR PACKET FLOW IN VLAN AND VLAN SYSTEM USING ENERGY SAVING FLOW
	
Lee,Sang-san
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
78
	
10-2013-0140130
	
2013.11.18
	
10-1607077
	
2016.03.23
	
Wireless communication apparatus having a function of noise suppression
	
Lee,Min-ho
Lee, Seung-dong,
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

30

 

 

 

 

								
	
79
	
10-2014-0005707
	
2014.01.16
	
10-1536555
	
2015.07.08
	
Network switch with address configuration function of terminals
	
Park,Jae-sang

Lee, Seung-dong,
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
80
	
10-2014-0015676
	
2014.02.11
	
10-1536902
	
2015.07.09
	
Subscriber''s line open management system for optical network
	
Lee,Jeong-chan
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
81
	
10-2014-0042586
	
2014.04.09
	
10-1586624
	
2016.01.13
	
Optical line terminal and time synchronization method in the optical line terminal
	
Moon, Sang-chul,
Lee, Seung-dong,
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
82
	
10-2014-0131733
	
2014.09.30
	
10-1588176
	
2016.01.19
	
Firmware upgrade system
	
Ham,Dae-hoon
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
83
	
10-2014-0141039
	
2014.10.17
	
10-1627082
	
2016.05.30
	
Communication relay system
	
Ham,Dae-hoon
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
84
	
10-2014-0145503
	
2014.10.24
	
10-1589011
	
2016.01.21
	
Passive Optical Network system for improving impossibility of communication by flooding and improving method for impossibility of communication by flooding thereof
	
Cho,Won-hyeong
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
85
	
10-2014-0181673
	
2014.12.16
	
10-1712370  
	
2017.02.27
	
Ethernet device and system for supporting error packet analysis
	
Lee,Min-ho
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
86
	
10-2015-0036085
	
2015.03.16
	
10-1699218
	
2017.01.18
	
Wireless ad-hoc network system able to transmit power
	
Lee,Sang-jo
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
87
	
10-2015-0041686
	
2015.03.25
	
 10-1685892
	
2016.12.07
	
Virtual device network system
	
Lee,Seung-ho/ Lee/

Chang-geun
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
88
	
10-2015-0053384
	
2015.04.15
	
10-1742951
	
2017.05.29
	
Network switch with MAC/IP assignment protocol
	
Lee,Min-ho /Kim,Bo-hyeon
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

31

 

 

 

 

								
	
89
	
10-2015-0137837
	
2015.09.30
	
10-1697059
	
2017.01.11
	
Time synchronization method for Telecommunication Network
	
Lee, Seung-dong, Kim,Dong-woo, Moon, Sang-chul, Cho,Hee-seong, Kim,Bo-hyeon
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
90
	
10-2016-0041422
	
2016.04.05
	
10-1828234
	
2018.02.06
	
Electronic Control Unit
	
 Kim,Bo-hyeon
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
91
	
10-2016-0062291
	
2016.05.20
	
10-1789022
	
2017.10.17
	
WiFi node in a car and WiFi connecting method thereof
	
 Kim,Bo-hyeon
	
Dasan Networks Inc
Dasan Network Solutions, Inc 

	
92
	
10-2016-0117563 
	
2016.09.12
	
10-1833894
	
2018.02.23
	
Time synchronization method for PON Network
	
Lee, Seung-dong,, , Kim,Dong-woo, Moon, Sang-chul,, Kim,Jin-ho
	
Dasan Network Solutions, Inc

	
93
	
10-2017-0071828
	
2017.06.08
	
10-1783593
	
2017.09.26
	
Optical Ethernet apparatus
	
Moon, Sang-chul,/ Lee, Byeong-chan
	
Dasan Networks Inc
Dasan Network Solutions, Inc

 

 

 

32

 

 

Trade Mark Right List

 

									
	
No
	
Origin
	
Application No

(Application date)

 
	
Registration No

(Registration date)
	
Emblem
	
Type
	
Remark
	
 
	
Applicant

	
1
	
Republic of Korea
	
40-2018-0008477
(2018.01.18)
	
40-1410780
(2018.10.26)
	

	
Trade Mark
	
제09류
	
OTT set-top box, TV set-top box, IPTV set-top box, IP router, Broad Network router, switch router, Network router, wireless tele-communication devices (router), computer-networking hub/switch and router, wireless AP, wireless LAN AP, optical network, network control devices, data-transmitting network, communication network, home-network devices, set-top box, smart set-top box, digital set-top box for satellite broadcasting, network management server
	
Dasan Network Solutions, Inc

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00306-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00306-of-00352.parquet"}]]