Document:

EX-4.2

 Exhibit 4.2 
 WARRANT CERTIFICATE 
 THESE WARRANTS AND ANY SHARES ACQUIRED UPON THE
EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY APPLICABLE STATE SECURITIES LAWS. THESE WARRANTS AND SUCH SHARES AND ANY INTEREST OR PARTICIPATION HEREIN OR THEREIN MAY NOT BE SOLD OR
TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM UNDER SUCH ACT AND UNDER ANY APPLICABLE STATE SECURITIES LAWS. THESE WARRANTS AND SUCH SHARES MAY NOT BE TRANSFERRED EXCEPT UPON THE CONDITIONS SPECIFIED IN THIS WARRANT
CERTIFICATE, AND NO TRANSFER OF THESE WARRANTS OR SUCH SHARES SHALL BE VALID OR EFFECTIVE UNLESS AND UNTIL SUCH CONDITIONS SHALL HAVE BEEN COMPLIED WITH. 
 WARRANT CERTIFICATE 
 To Purchase Shares of Common Stock of 

OCLARO, INC. 
  

			
	No. W-	  	Warrants

 THIS CERTIFIES THAT, for good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged,             , located at             , Attention:
             or its registered assigns (the “Holder”), is the registered owner of the number of warrants specified above (collectively, the “Warrants”), each of which
warrants entitles the holder, subject to the adjustment provisions and the conditions and limitations hereinafter set forth, to purchase from Oclaro, Inc. (together with its successor and assignee, the “Company”), a corporation organized
and existing under the laws of the State of Delaware, one share, as adjusted pursuant to Section 4 hereof, of the Company’s Common Stock at a purchase price equal to $1.50 per share, as adjusted pursuant to Section 4 hereof, (the
“Exercise Price”). The Warrants shall not be terminable by the Company prior to the Expiration Date (as defined in Section 10 hereof). The shares of Common Stock issuable upon exercise of the Warrants (and any other or additional
shares, securities or property that may hereafter be issuable upon exercise of the Warrants) are sometimes referred to herein as the “Warrant Shares,” and the maximum number of shares so issuable under this Warrant Certificate is sometimes
referred to as the “Aggregate Number” (as such number may be increased or decreased, as more fully set forth herein). 

The Warrants shall be void and all rights represented hereby shall cease after 5:00 p.m. Eastern Time on the Expiration Date.

 The Warrants are part of an authorized issue of warrants (the “Authorized Warrants”) issued on the date hereof
pursuant to the terms of the Credit Agreement and initially exercisable for an aggregate of 1,836,000 shares of Common Stock. 

 Certain terms used in this Warrant Certificate are defined in Section 10 hereof.

 The Warrants are subject to the following provisions, terms and conditions: 

1. Exercise; Issue of Certificates; Payment for Shares. (a) The Warrants represented by this Warrant Certificate may be
exercised by the Holder, in whole or in part (but not as to fractional shares of Common Stock), to purchase the Aggregate Number of shares (initially equal to shares) of Common Stock at all times after 5:00 p.m. Eastern Time on May 6, 2013 and
on or prior to 5:00 p.m. Eastern Time on the Expiration Date hereof. 
 (b) The Warrants shall be exercisable in whole at any
time or in part from time to time by surrendering this Warrant Certificate on any Business Day (with the Exercise Form annexed hereto as Schedule 1 properly completed and executed) to the Company at its principal office specified in
Section 15, or its then current address, and upon payment to the Company of the Exercise Price for the Warrant Shares being purchased. 
 (c) Payment of the aggregate Exercise Price with respect to an exercise in whole or in part of any Warrants may be made, in the sole discretion of the Holder, in the form of any of the following:
(a) by cash or a check or bank draft in New York Clearing House funds, (b) by the surrender of the applicable Warrant or Warrants, and without the payment of the Exercise Price in cash, for such number of Warrant Shares equal to the
product of (1) the number of Warrant Shares for which such Warrant or Warrants are exercisable with payment in cash of the Exercise Price as of the date of exercise and (2) the Cashless Exercise Ratio, (c) by tendering Term Loans
having an aggregate principal amount, plus accrued and unpaid interest, if any, thereon to the date of exercise, equal to the Exercise Price or (d) by any combination of (a), (b) and (c) above. Such certificate or certificates shall
be deemed to have been issued and any Person so designated to be named therein shall be deemed for all purposes to have become a holder of record of such Warrant Shares as of the close of business on the Business Day of the surrender of this Warrant
Certificate and payment of the Exercise Price as aforesaid. 
 (d) Certificates for the shares so purchased shall be delivered to
the Holder within a reasonable time, not exceeding five (5) days, after this Warrant Certificate shall have been so exercised, and unless the Warrants represented by this Warrant Certificate have expired or been fully exercised, a new Warrant
Certificate representing the number of shares with respect to which this Warrant Certificate shall not then have been exercised shall also be delivered to the Holder within such time. 

  
 -2-

 2. Shares to be Fully Paid; Reservation of Shares; Listing. The Company covenants and
agrees that: (a) all Warrant Shares will, upon issuance, be original-issue shares (and not treasury stock) fully paid and nonassessable and free from all taxes, claims, liens, charges and other
encumbrances with respect to the issue thereof; (b) without limiting the generality of the foregoing, it will from time to time take all such action as may be required to assure that the par value per share of Common Stock shall at all times be
less than or equal to the Exercise Price; (c) during the period within which the Warrants represented by this Warrant Certificate may be exercised, the Company will at all times have authorized and reserved for the purpose of issue or transfer
upon exercise of the Warrants represented by this Warrant Certificate a sufficient number of original-issue shares of its Common Stock to provide for the exercise of all the Warrants represented by this
Warrant Certificate; and (d) upon the exercise of the Warrants represented by this Warrant Certificate, it will, at its expense, promptly notify each securities exchange on which any Common Stock is at the time listed of such issuance, and use
its best efforts to maintain a listing of all shares of Common Stock from time to time issuable upon the exercise of the Warrants represented by this Warrant Certificate to the extent such shares can be listed. 

3. Registration Rights. The Holder shall be entitled to all of the benefits, and subject to all of the obligations, of the
Registration Rights Agreement, in connection with the Warrants and the Warrant Shares, if issued. 
 4. Adjustments to
Exercise Price and Aggregate Number. The Exercise Price and the Aggregate Number of shares of Common Stock issuable upon the exercise of each Warrant (the “Exercise Rate”) is subject to adjustment from time to time upon the occurrence
of the events enumerated in this Section 4. 
 (a) Adjustment for Change in Capital Stock. If the
Company: 
 (1) pays a dividend or makes any other distribution on its Common Stock in shares of its Common Stock
or other capital stock of the Company; or 
 (2) subdivides, combines or reclassifies its outstanding shares of
Common Stock, 
 then, in each case, the Exercise Rate and the Exercise Price in effect immediately prior to such action shall be
proportionately adjusted so that the Holder may upon payment of the same aggregate Exercise Price payable immediately prior to such action receive the Aggregate Number and kind of shares of capital stock of the Company which the Holder would have
owned immediately following such action if such Warrants had been exercised immediately prior to such action. 
 Any such
adjustment shall become effective immediately after the record date of such dividend or distribution or the effective date of such subdivision, combination or reclassification. 

If after an adjustment the Holder upon exercise of any Warrants may receive shares of two or more classes of capital stock of the
Company, the board of directors of the Company shall determine the allocation of the adjusted Exercise Price between the classes of capital stock. After such allocation, the Exercise Rate and the Exercise Price of each such class of capital stock
shall thereafter be subject to adjustment on terms comparable to those applicable to Common Stock in this Section 4. 

  
 -3-

 Such adjustment shall be made successively whenever any event listed above shall occur.

 (b) Adjustment for Certain Issuances of Common Stock. If the Company issues or sells to any Person shares of its Common
Stock or distributes any rights, options or warrants entitling any Person to purchase shares of Common Stock, or any rights, warrants or options or other securities convertible into or exchangeable for Common Stock, in each case, at a price per
share less than the Current Market Value on the record date for determining entitlements to participate in such issuance, sale or distribution (the “Time of Determination”), the Exercise Rate shall be adjusted in accordance with the
formula: 
  
 

 
 and the Exercise Price shall be adjusted in accordance with the following formula: 

 
 

 
 where: 
  

	 	E’ =	the adjusted Exercise Rate. 

  

	 	E =	the Exercise Rate immediately prior to the Time of Determination for any such issuance, sale or distribution. 

 

	 	EP’ =	the Adjusted Exercise Price. 

  

	 	EP =	the Exercise Price immediately prior to the Time of Determination for any such issuance, sale or distribution. 

 

	 	O =	the number of Fully Diluted Shares (as defined below) outstanding immediately prior to the Time of Determination for any such issuance, sale or distribution.

  

	 	N =	the number of additional shares of Common Stock issued, sold or issuable upon exercise of such rights, options or warrants or other convertible or exchangeable
securities. 

  

	 	P =	the per share price received and receivable by the Company in the case of any issuance or sale of Common Stock or rights, options or warrants or other convertible or
exchangeable securities inclusive of the exercise price per share of Common Stock payable upon exercise of such rights, options or warrants or other convertible or exchangeable securities. 

  
 -4-

	 	M =	the Current Market Value per share of Common Stock on the Time of Determination for any such issuance, sale or distribution. 

For purposes of this Section 4 the term “Fully Diluted Shares” shall mean (i) the shares of Common Stock outstanding
as of a specified date, and (ii) the shares of Common Stock into or for which rights, options, warrants or other convertible or exchangeable securities outstanding as of such date are exercisable, convertible or exchangeable (other than the
Warrants or any of the other Authorized Warrants). 
 The adjustments shall be made successively whenever any such rights,
options or warrants or other convertible or exchangeable securities are issued and shall become effective immediately after the relevant Time of Determination. Notwithstanding the foregoing, the Exercise Rate and the Exercise Price shall not be
subject to adjustment in connection with (i) the issuance of any shares of the Company’s capital stock upon exercise of any such rights, options or warrants or other convertible or exchangeable securities which have previously been the
subject of an adjustment under this Agreement for which the required adjustment has been made, (ii) any exercise of the Warrants or any of the other Authorized Warrants, (iii) any issuance or sale of any Common Stock or securities
convertible or exercisable in to Common Stock pursuant to rights, options, warrants or other convertible or exchangeable securities outstanding as of the date of initial issuance of the Warrants, (iv) any issuance or sale to any director,
officer, employee, consultant or advisor of the Company or its subsidiaries, in such person’s capacity as such, of shares of Common Stock or any rights, options or warrants entitling any director, officer, employee, consultant or advisor, in
such person’s capacity as such, to purchase shares of Common Stock, or otherwise convertible into or exchangeable for Common Stock occurring on or after the date of initial issuance of the Warrants to the extent such issuance or sale is made
pursuant to the terms of one or more stock option plans or similar agreements as in effect on the date of initial issuance of the Warrants or is otherwise approved by the board of directors of the Company, (v) any issuance of Common Stock as
consideration for the acquisition of another company or business (whether through a purchase of securities, a merger, consolidation, purchase of assets or otherwise), (vi) any issuance of securities of the Company in a Public Offering or
(vii) any securities issued as a dividend on the then outstanding Common Stock. If at the end of the period during which any such rights, options or warrants or other convertible or exchangeable securities are exercisable, not all rights,
options or warrants or other convertible or exchangeable securities shall have been exercised, the Exercise Rate and the Exercise Price shall be immediately readjusted to what they would have been if “N” in each of the above formulas had
been the number of shares actually issued with respect thereto. 
 Notwithstanding the foregoing, this Section 4(b) shall
not apply with respect to an issuance of New Securities if the Holder shall be entitled to exercise pre-emptive rights pursuant to Section 5 hereof with respect to such issuance of New Securities (and the Company shall not have elected to cause
this Section 4(b) to apply to such New Securities as provided for in Section 5). 

  
 -5-

 (c) Adjustment for Other Distributions. If the Company distributes to holders of its
Common Stock (i) any evidences of indebtedness of the Company or any of its subsidiaries, (ii) any assets of the Company or any of its subsidiaries (whether in cash, property or otherwise), or (iii) any rights, options or warrants to
acquire any of the foregoing or to acquire any other securities of the Company, unless a Holder Distribution Election (as defined below) shall have been made with respect to such distribution, the Exercise Rate shall be adjusted in accordance with
the following formula: 
  
 

 
 and the Exercise Price shall be decreased (but not increased) in accordance with the following formula: 

 
 

 
 where: 
  

	 	E’ =	the adjusted Exercise Rate. 

  

	 	E =	the current Exercise Rate on the record date referred to in this paragraph (c) below. 

 

	 	EP’ =	the Adjusted Exercise Price. 

  

	 	EP =	the current Exercise Price on the record date referred to in this paragraph (c) below. 

 

	 	M =	the Current Market Value per share of Common Stock on the record date referred to in this paragraph (c) below. 

 

	 	F =	the fair market value (as determined in good faith by the Company’s board of directors) on the record date referred to in this paragraph (c) below of the
indebtedness, assets, rights, options or warrants distributable in respect of one share of Common Stock. 

 The
adjustments shall be made successively whenever any such distribution is made and shall become effective immediately after the record date for the determination of stockholders entitled to receive the distribution. If any adjustment is made pursuant
to clause (iii) above of this subsection (c) as a result of the issuance of rights, options or warrants and at the end of the period during which any such rights, options or warrants are exercisable, not all such rights, options or
warrants shall have been exercised, the Exercise Rate and the Exercise Price shall be immediately readjusted as if “F” in the above formula was the fair market value on the record date of the indebtedness or assets actually distributed
upon exercise of such rights, options or warrants divided by the number of shares of Common Stock outstanding on the record date. Notwithstanding anything to the contrary contained in this subsection (c), if “M-F” in the above formula is
less than $1.00 (or is a negative number) then in lieu of the adjustment otherwise required by this subsection (c), the Company may elect to distribute to the Holder, upon exercise of any Warrants, the evidences of indebtedness, assets, rights,
options or warrants which would have been distributed to such Holder had such Warrants been exercised immediately prior to the record date for such distribution. 

  
 -6-

 Notwithstanding the foregoing, a Holder may, in lieu of the adjustments described above in
this subsection (c), elect to receive a distribution from the Company of its proportionate share of the evidences of indebtedness, assets, rights, options or warrants, as the case may be, which would have been distributed to such Holder had such
Warrants been exercised immediately prior to the record date for such distribution (a “Holder Distribution Election”); provided that such Holder shall have notified the Company in writing of such election no later than 10 days after
receipt of notice thereof from the Company pursuant to Section 4(f). 
 This subsection does not apply to rights, options
or warrants referred to in subsection (b) of this Section 4. 
 (d) The following provisions shall be applicable to the
making of adjustments of the Exercise Price and Exercise Rate hereinbefore provided for in this Section 4: 

(i) The sale or other disposition of any issued shares of Common Stock owned or held by or for the account of the Company
shall be deemed an issuance thereof for the purposes of this Section 4. 
 (ii) The adjustments required by
the preceding paragraphs of this Section 4 shall be made whenever and as often as any specified event requiring an adjustment shall occur, except as otherwise expressly provided herein. For the purpose of any adjustment, any specified event
shall be deemed to have occurred at the close of business on the date of its occurrence. 
 (iii) In computing
adjustments under this Section 4 fractional interests in Common Stock shall be taken into account to the nearest one-thousandth (.001) of a share and shall be aggregated until they equal one whole share.

 (iv) If the Company shall take a record of the holders of its Common Stock for the purpose of entitling them
to receive any item described in Sections 4(a) through 4(c) hereof, but abandon its plan to pay or deliver such item, then no adjustment shall be required by reason of the taking of such record and any such adjustment previously made in respect
thereof shall be rescinded and annulled. 

  
 -7-

 (v) The consideration for any additional shares of Common Stock issuable
pursuant to any options, warrants or other rights to subscribe for or purchase the same shall be the consideration received or receivable by the Company for issuing such options, warrants or other rights, plus the additional consideration payable to
the Company upon the exercise of such options, warrants or other rights. The consideration for any additional shares of Common Stock issuable pursuant to the terms of any convertible or exchangeable securities shall be the consideration received or
receivable by the Company for issuing any options, warrants or other rights to subscribe for or purchase such convertible or exchangeable securities, plus the consideration paid or payable to the Company in respect of the subscription for or
purchase of such convertible or exchangeable securities, plus the additional consideration, if any, payable to the Company upon the exercise of the right of conversion, exercise or exchange of such convertible or exchangeable securities. In case of
the issuance at any time of any additional shares of Common Stock or convertible or exchangeable securities in payment or satisfaction of any dividend upon any class of stock other than Common Stock, the Company shall be deemed to have received for
such additional shares of Common Stock or convertible or exchangeable securities a consideration equal to the amount of such dividend so paid or satisfied. 
 (e) (i) [reserved] 
 (ii) In case of any capital reorganization, other than in the
cases referred to in Section 4(a), (b) or (c) hereof and other than any capital reorganization that does not result in any reclassification of the outstanding shares of Common Stock into shares of other stock or other securities or
property, or the consolidation or merger of the Company with or into another corporation (other than a merger or consolidation in which the Company is the continuing corporation and which does not result in any reclassification of the outstanding
shares of Common Stock into shares of other stock or other securities or property), or the sale of all or substantially all of the assets of the Company (collectively such actions being hereinafter referred to as “Reorganizations”), there
shall thereafter be deliverable upon exercise of any Warrant (in lieu of the number of shares of Common Stock theretofore deliverable) the number of shares of stock or other securities or property to which a holder of the number of shares of Common
Stock that would otherwise have been deliverable upon the exercise of such Warrant would have been entitled upon such Reorganization if such Warrant had been exercised in full immediately prior to such Reorganization. In case of any Reorganization,
appropriate adjustment, as determined in good faith by the board of directors of the Company, whose determination shall be described in a duly adopted resolution certified by the Company’s Secretary or Assistant Secretary, shall be made in the
application of the provisions herein set forth with respect to the rights and interests of the Holder so that the provisions set forth herein shall thereafter be applicable, as nearly as possible, in relation to any such shares or other securities
or property thereafter deliverable upon exercise of Warrants. 

  
 -8-

 The Company shall not effect any such Reorganization unless prior to or simultaneously with
the consummation thereof the successor corporation (if other than the Company) resulting from such Reorganization or the corporation or other entity purchasing such assets shall (i) expressly assume, by a supplemental warrant or other
acknowledgment executed and delivered to the Holder, the obligation to deliver to the Holder such shares of stock, securities or assets as, in accordance with the foregoing provisions, such Holder may be entitled to purchase, and the due and
punctual performance and observance of each and every covenant, condition, obligation and liability under this Warrant Certificate to be performed and observed by the Company in the manner prescribed herein and (ii) if such Reorganization takes
place prior to consummation by the Company of all of its registration obligations under the Registration Rights Agreement, enter into an agreement providing to the Holder rights and benefits substantially similar to those enjoyed by the Holder under
the Registration Rights Agreement. 
 The foregoing provisions of this Section 4(e)(ii) shall apply to successive
Reorganization transactions. 
 (f) (i) In case: 

(A) the Company shall authorize the issuance to holders of shares of Common Stock of rights, options or warrants to
subscribe for or purchase shares of Common Stock or of any other subscription rights or warrants; or 
 (B) the
Company shall authorize the distribution to holders of shares of Common Stock of evidences of its indebtedness or assets or of rights, options or warrants to subscribe for or purchase any of the foregoing; or 

(C) of any consolidation or merger to which the Company is a party and for which approval of any stockholders of the
Company is required, or of the sale of all or substantially all of the assets of the Company, or of any reclassification or change of Common Stock issuable upon exercise of the Warrants, or a tender offer or exchange offer for shares of Common
Stock; or 
 (D) of the voluntary or involuntary dissolution, liquidation or winding up of the Company; or

 (E) the Company proposes to take any action that would require an adjustment to the Exercise Rate or Exercise
Price pursuant to this Section 4; 
 then the Company shall give prompt written notice to the Holder at least 15 days prior to the
applicable record date hereinafter specified, or the date of the event in the case of events for which there is no record date, by first-class mail, postage prepaid, a written notice stating (i) the date as of which the holders of record of
shares of Common Stock to be entitled to receive any such shares, rights, options, warrants or distribution are to be determined, or (ii) the initial expiration date set forth in any tender offer or exchange offer for shares of Common Stock, or
(iii) the date on which any such reclassification, consolidation, merger, sale, dissolution, liquidation or winding up is expected to become effective or consummated, and the date as of which it is expected that holders of record of shares of
Common Stock shall be entitled to exchange such shares for securities or other property, if any, deliverable upon such reclassification, consolidation, merger, sale, dissolution, liquidation or winding up. The failure by the Company to give such
notice or any defect therein shall not affect the legality or validity of any distribution, right, option, warrant, consolidation, merger, conveyance, dissolution, liquidation or winding up, or the vote upon any action. 

  
 -9-

 (ii) Within five (5) days after the occurrence of an event resulting in an adjustment
pursuant to this Section 4, the Company shall cause to be promptly mailed to the Holder (and upon the exercise hereof, to the exercising Holder) by first-class mail, postage prepaid, notice of each
adjustment or adjustments to the Exercise Price and Exercise Rate effected since the date of the last such notice and a certificate of the Company’s Chief Financial Officer or Chief Accounting Officer, setting forth the Exercise Price and
Exercise Rate after such adjustment(s), a brief statement of the facts requiring such adjustment(s) and the computation by which such adjustment(s) was made. 
 (g) The occurrence of a single event shall not trigger an adjustment of the Exercise Price and Exercise Rate under more than one paragraph of this Section 4. 

5. Preemptive Rights. 
 (a) If the Company issues or sells or authorizes the issuance or sale of any New Securities (as defined below) at a price per share less than the Current Market Value, unless the Company shall have
delivered to the Holder a written notice stating that with respect to such issuance or sale it has determined that Section 4(b) and not this Section 5 shall apply to such issuance or sale, the Company shall offer to Holder a portion of
such New Securities (and if more than one class of securities is included in the New Securities, then a portion of the amount of each such class of securities included in the New Securities) equal to the quotient determined by dividing (A) the
number of shares of Common Stock on an as-exercised and fully diluted basis held by such Holder by (B) the aggregate amount of all shares of Common Stock on an as-exercised and fully diluted basis, in each case determined before giving effect
to the issuance of New Securities (for such Holders, its “Pre-Dilution Ratio”). 

  
 -10-

 (b) Holder shall be entitled to purchase up to its Pre-Dilution Ratio of such New Securities
on the same terms as such other New Securities are offered and sold either, at the Company’s option, (i) on the date the sale of the New Securities to the other purchasers is consummated (the “Original Closing Date”) or
(ii) on a date (the “Holder Closing Date”) within ten days after the Original Closing Date, and the Company shall be required, in each case, to provide the notice to the Holder that is applicable to such sale. If the Company
shall deliver written notice in connection with this Section 5 to the Holder no less than 30 days prior to the scheduled closing date for the consummation of such issuance of New Securities which notice shall describe in reasonable details the
terms of such proposed issuance and shall include drafts of all relevant transaction documentation, then, if the Holder elects to participate, the Holder will purchase up to its Pre-Dilution Ratio of the New Securities on the Original Closing Date.
If the Company shall deliver written notice in connection with this Section 5 to the Holder other than as set forth in the preceding sentence, it shall deliver written notice no less than 30 days prior to the Holder Closing Date, and then, if
the holder elects to participate, the Holder will purchase up to its Pre-Dilution Ratio of the New Securities on the Holder Closing Date. If the Holder elects to participate and will purchase up to its Pre-Dilution Ratio of the New Securities on the
Original Closing Date, it shall deliver written notice to the Company no later than 15 days following receipt of notice from the Company indicating the number of New Securities (not to exceed the product of the number of New Securities to be issued
or sold and the Pre-Dilution Ratio) it desires to purchase (which notice can indicate one or more conditions to any obligation of Holder to purchase such New Securities). If the Holder elects to participate and will purchase up to its Pre-Dilution
Ratio of the New Securities on the Holder Closing Date, it shall deliver written notice to the Company no later than 15 days following receipt of notice from the Company indicating the number of New Securities (not to exceed the product of the
number of New Securities to be issued or sold and the Pre-Dilution Ratio) it desires to purchase (which notice can indicate one or more conditions to any obligation of Holder to purchase such New Securities). If Holder participates in such purchase
it shall execute agreements (including any representations or warranties contained therein) on substantially the same terms as those executed by other purchasers of New Securities. The purchase price for all New Securities offered to Holder shall be
payable on the Original Closing Date or Holder Closing Date, as applicable, and in cash by wire transfer of immediately available funds to an account designated by the Company. 
 (c) For purposes hereof, “New Securities” means any equity securities of the Company, or any securities containing options or rights to acquire equity securities of the Company, other
than (i) securities issued as a dividend on the then outstanding Common Stock, (ii) securities issued pursuant to exercise, conversion or exchange of securities or rights outstanding on the date hereof or previously issued by the Company
subject to this Section 5 (including pursuant to an exclusion from the definition of New Securities in any of clauses (i) through (vi) of this definition of New Securities), (iii) securities of the Company issued as
consideration for the acquisition of another company or business (whether through a purchase of securities, a merger, consolidation, purchase of assets or otherwise), (iv) securities of the Company issued in a Public Offering, (v) shares
of Common Stock or any rights, options or warrants entitling any director, officer, employee, consultant or advisor of the Company or its subsidiaries, in such person’s capacity as such, to purchase shares of Common Stock, or otherwise
convertible into or exchangeable for Common Stock issued or sold to any director, officer, employee, consultant or advisor of the Company or its subsidiaries, in such person’s capacity as such, on or after the date of initial issuance of the
Warrants to the extent such issuance or sale is made pursuant to the terms of one or more stock option plans or similar agreements as in effect on the date of initial issuance of the Warrants or is otherwise approved by the board of directors of the
Company, or (vi) securities issued upon the exercise of any Warrants or any of the other Authorized Warrants. 

  
 -11-

 Notwithstanding the foregoing, this Section 5 shall not apply with respect to an
issuance of New Securities if the Holder shall be entitled to the adjustments set forth in Section 4 hereof. 
 6. Taxes
on Conversion. The issuance of certificates for Warrant Shares upon the exercise of the Warrants shall be made without charge to the Holder exercising the Warrants for any issue or stamp tax in respect of the issuance of such certificates, and
such certificates shall be issued in the respective names of, or in such names as may be directed by, the Holder; provided, however, that the Company shall not be required to pay any tax that may be payable in respect of any transfer
involved in the issuance and delivery of any such certificate in a name other than that of the Holder, and the Company shall not be required to issue or deliver such certificates unless or until the Person or Persons requesting the issuance thereof
shall have paid to the Company the amount of such tax or shall have established to the reasonable satisfaction of the Company that such tax has been paid. 
 7. Limitation of Liability. No provision hereof in the absence of the exercise of the Warrants by the Holder and no enumeration herein of the rights or privileges of the Holder shall give rise to
any liability on the part of the Holder for the Exercise Price of the Warrant Shares or as a stockholder of the Company, whether such liability is asserted by the Company or by any creditor of the Company. Upon exercise of Warrants the Holder will
have the right to vote the Common Stock received upon such exercise. No Holder shall be entitled to vote or be deemed the holder of Common Stock (or any other securities as may be issuable upon the exercise of the Warrants) nor shall anything
contained herein be construed to confer upon the Holder the rights of a stockholder of the Company or the right to vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or give or withhold consent to
any corporate action or to receive notice of meetings or other actions affecting stockholders or to receive dividends, distributions or subscription rights or otherwise (except as provided herein), until the Warrants shall have been exercised in
accordance with the terms and conditions of the Warrants. 
 8. Closing of Books. The Company will at no time close its
transfer books against the transfer of the Warrants or of any Warrant Shares issued or issuable upon the exercise of the Warrants in any manner that interferes with the timely exercise hereof. The Company shall deem and treat the Holder as the
absolute owner of the Warrants for all purposes, including without limitation for the purpose of exercise thereof. The Company agrees that, upon exercise of the Warrants in accordance with the terms hereof (including receipt by the Company of
payment of the aggregate Exercise Price therefor), the shares so purchased shall be deemed to be issued to such Holder as the record owner of such shares as of the close of business on the date on which the Warrants shall have been exercised and the
Holder shall be deemed for all purposes a stockholder of the Company with respect to such shares as though the certificate for such shares had been issued on the date of such exercise. 

  
 -12-

 9. Restrictions on Transfer. 

A. Restrictive Legends. Each certificate for any Warrant Shares issued upon the exercise of the Warrants, and each stock
certificate issued upon the transfer of any such Warrant Shares (except as otherwise permitted by this Section 9) shall be stamped or otherwise imprinted with a legend in substantially the following form: 

THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED, OR UNDER ANY APPLICABLE STATE SECURITIES LAWS. SUCH SHARES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR ANY EXEMPTION THEREFROM UNDER SUCH ACT AND UNDER ANY APPLICABLE STATE SECURITIES LAWS. THESE SHARES MAY NOT BE
TRANSFERRED EXCEPT UPON THE CONDITIONS SPECIFIED IN THE WARRANT CERTIFICATE PURSUANT TO WHICH THESE SHARES HAVE BEEN ISSUED, AND NO TRANSFER OF THESE SHARES SHALL BE VALID OR EFFECTIVE UNLESS AND UNTIL SUCH CONDITIONS SHALL HAVE BEEN COMPLIED WITH.

 Each Warrant Certificate issued in substitution for any Warrant Certificate pursuant to Section 11, 12 or 13 hereof and
each Warrant Certificate issued upon the transfer of any Warrant (except as otherwise permitted by this Section 9) shall be stamped or otherwise imprinted with a legend in substantially the following form: 

THESE WARRANTS AND ANY SHARES ACQUIRED UPON THE EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY APPLICABLE STATE SECURITIES LAWS. THESE WARRANTS AND SUCH SHARES AND ANY INTEREST OR PARTICIPATION HEREIN OR THEREIN MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION
THEREFROM UNDER SUCH ACT AND UNDER ANY APPLICABLE STATE SECURITIES LAWS. THESE WARRANTS AND SUCH SHARES MAY NOT BE TRANSFERRED EXCEPT UPON THE CONDITIONS SPECIFIED IN THIS WARRANT CERTIFICATE, AND NO TRANSFER OF THESE WARRANTS OR SUCH SHARES SHALL
BE VALID OR EFFECTIVE UNLESS AND UNTIL SUCH CONDITIONS SHALL HAVE BEEN COMPLIED WITH. 
 B. Termination of Restrictions.
The restrictions imposed by Section 9A upon the transferability of Warrants and Warrant Shares shall apply as to the Warrants and any Warrant Shares until (a) such securities shall have been effectively registered under the Securities Act
and disposed of in accordance with the registration statement covering such securities, or (b) such time as, in the reasonable opinion of counsel for the Company, or in the written opinion of counsel for the Holder reasonably acceptable to the
Company, such restrictions are not required in order to comply with the Securities Act. Whenever such restrictions shall terminate as to any Warrants or Warrant Shares, the Holder shall be entitled to receive from the Company, without expense, new
certificates of like tenor not bearing the restrictive legends set forth in Section 9A. 

  
 -13-

 10. Definitions. As used in this Warrant Certificate, unless the context otherwise
requires, the following terms have the following respective meanings: 
 Affiliate: shall mean as applied
to any Person, any other Person who controls, is controlled by, or is under common control with, such Person. For purposes of this definition, “control” means the possession, directly or indirectly through one or more intermediaries, of
the power to direct the management and policies of a Person, whether through the ownership of stock, by contract, or otherwise. 
 Aggregate Number: as set forth in the first paragraph of this Warrant Certificate. 
 Authorized Warrant Shares: the Warrant Shares and all shares of Common Stock (and any other or additional shares, securities or property issued upon exercise of any other Authorized Warrants)
issued upon exercise of any other Authorized Warrants. 
 Authorized Warrants: as set forth in the third
paragraph of this Warrant Certificate. 
 Business Day: a day that is not a Legal Holiday. A “Legal
Holiday” is a Saturday, a Sunday, a federally recognized holiday or a day on which banking institutions are not required to be open in the State of New York. 

capital stock: shall mean any and all shares, interests, rights to purchase, warrants, options, participations or
other equivalents of or interest in (however designated) capital stock. 
 Cashless Exercise Ratio: shall
equal a fraction, the numerator of which is the excess of the Current Market Value of one share of Common Stock on the date of exercise over the Exercise Price per share as of the date of exercise and the denominator of which is the Current Market
Value of one share of Common Stock on the date of exercise. 
 closing bid price: for any Security on each
trading day shall mean (A) if such Security is listed or admitted to trading on any securities exchange, the closing price, regular way, on such day on the principal exchange on which such Security is traded, or if no sale takes place on such
day, the average of the closing bid and asked prices on such day, (B) if such Security is not then listed or admitted to trading on any securities exchange, the last reported sale price on such day, or if there is no such last reported sale
price on such day, the average of the closing bid and the asked prices on such day, as reported by a reputable quotation source designated by the Company or (C) if neither clause (A) nor (B) is applicable, the average of the reported
high bid and low asked prices on such day, as reported by a reputable quotation service, or a newspaper of general circulation in the Borough of Manhattan, City of New York, customarily published on each trading day, in each case, designated by the
Company. If there are no such prices on a trading day, then the closing bid price shall not be determinable for such trading day. 

  
 -14-

 Commission: the United States Securities and Exchange Commission and
any other similar or successor agency of the United States federal government administering the Securities Act or the Exchange Act. 
 Common Stock: the shares of common stock, par value $.01 per share, of the Company, currently provided for in the Certificate of Incorporation of the Company, and including, for all purposes
hereunder, any other capital stock of the Company into which such shares of common stock may be converted or reclassified or that may be issued in respect of, in exchange for, or in substitution of, such common stock by reason of any stock splits,
stock dividends, distributions, mergers, consolidations or like events. 
 Company: as set forth in the
first paragraph of this Warrant Certificate. 
 Credit Agreement: shall mean that certain Second Amended
and Restated Credit Agreement, dated as of November 2, 2012 (as amended, supplemented, amended and restated, or otherwise modified) among the Company, Oclaro Technology Limited, Wells Fargo Capital Finance, Inc., and the lenders identified on
the signature pages thereto. 
 Current Market Value: per share of Common Stock or of any other security
(herein collectively referred to as a “Security”) at any date shall be: 
 (1) if the Security is not
registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the value of the Security determined by an Independent Financial Expert, or 

(2) if the Security is registered under the Exchange Act, the average of the daily closing bid prices of such Security for
the 20 consecutive trading days preceding such date, but only if such Security shall have been listed on a national securities exchange or traded through an automated quotation system during such entire 20 trading day period. If such Security shall
have not been so listed or traded for such entire 20 trading day period, the Current Market Value of such Security shall be determined as if the Security was not registered under the Exchange Act. 

  
 -15-

 Equity Interest: shall mean, with respect to any person, any and all
shares, interests, participations or other equivalents, including membership interests (however designated, whether voting or nonvoting), of equity of such person, including, if such person is a partnership, partnership interests (whether general or
limited) and any other interest or participation that confers on a person the right to receive a share of the profits and losses of, or distributions of property of, such partnership, whether outstanding on the date hereof or issued after the date
hereof, but excluding debt securities convertible or exchangeable into such equity. 
 Exercise Price: as
set forth in the first paragraph of this Warrant Certificate. 
 Exercise Rate: as set forth in
Section 4. 
 Exchange Act: the Securities Exchange Act of 1934, as amended. 

Expiration Date: May 6, 2014. 

Fully Diluted Shares: as set forth in Section 4(b). 

Holder: as set forth in the first paragraph of this Warrant Certificate. 

Holder Distribution Election: shall have the meaning set forth in Section 4(c). 

Independent: any Person who (i) is in fact independent, (ii) does not have any direct financial interest
or any material indirect financial interest in the Company or any of its subsidiaries, or in any Affiliate of the Company or any of its subsidiaries (other than as a result of holding securities of the Company in trading accounts) and (iii) is
not an officer, employee, promoter, trustee, partner, director or Person performing similar functions for the Company or any of its subsidiaries or any Affiliate of the Company or any of its subsidiaries. 

Independent Financial Expert: a reputable accounting, appraisal or investment banking firm that is, in the
reasonable judgment of the board of directors of the Company, qualified to perform the task for which such firm has been engaged hereunder, is nationally recognized and disinterested and Independent with respect to the Company and its Affiliates and
is reasonably acceptable to the Required Holders. 
 Person: an individual, corporation, partnership,
limited liability company, trust or trustee thereof, estate or executor thereof, unincorporated organization or joint venture, court or governmental unit or any agency or subdivision thereof, or any other legally recognizable entity. 

Public Offering: the sale in an underwritten public offering registered under the Securities Act of shares of the
Company’s Common Stock approved by the board of directors of the Company and managed by a nationally-recognized investment banking firm. 
 Registration Rights Agreement: the Registration Rights Agreement dated as of May 6, 2013 among the Company and the holders of Authorized Warrants party thereto. 

  
 -16-

 Reorganization: as set forth in Section 4(e). 

Required Holders: any registered holder or holders holding at least 51% of the outstanding Authorized Warrants
(including the Warrants) and Authorized Warrant Shares. 
 Securities Act: the Securities Act of 1933, as
amended. 
 Term Loans: shall mean Term Loans as such term is defined in the Credit Agreement. 

Time of Determination: as set forth in Section 4(b). 

Warrants: as set forth in the first paragraph of this Warrant Certificate. 

Warrant Shares: as set forth in the first paragraph of this Warrant Certificate. 

11. Warrants Transferable. This Warrant Certificate is issued as a Warrant Certificate for which there is a register maintained by
the Company. Subject to the provisions of Section 9, the transfer of the Warrants represented by this Warrant Certificate and all rights hereunder, in whole or in part, is registerable at the office or agency of the Company referred to in
Section 1 hereof by the Holder in person or by duly authorized attorney, upon surrender of this Warrant Certificate with a properly completed Form of Assignment in the form annexed hereto as Schedule 2. The Holder, by taking or
holding the same, consents and agrees that this Warrant Certificate, when endorsed in blank, shall be deemed negotiable, and that the holder hereof, when this Warrant Certificate shall have been so endorsed, may be treated by the Company and all
other persons dealing with this Warrant Certificate as the absolute owner hereof for any purpose and as the person entitled to exercise the rights of a “Holder” represented by this Warrant Certificate, or to the registration of transfer
hereof on the books of the Company; and until due presentment for registration of transfer on such books, the Company may treat the Holder thereof as the owner for all purposes, and the Company shall not be affected by notice to the contrary. Any
transfer tax relating to a transfer of this Warrant Certificate shall be paid by the Holder who transfers such Warrant Certificate. 
 12. Warrant Certificates Exchangeable for Different Denominations. Subject to the provisions of Section 9, this Warrant Certificate is exchangeable, upon the surrender hereof by the Holder
hereof at such office or agency of the Company, for new Warrant Certificates of like tenor representing in the aggregate the number of Warrants represented hereby, each of such new Warrant Certificates to represent the number of Warrants as shall be
designated by said Holder at the time of such surrender. 

  
 -17-

 13. Replacement of Warrant Certificates. Upon receipt of evidence reasonably
satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant Certificate and, in the case of any such loss, theft or destruction, upon delivery of an indemnity bond (or, in the case of the original Holder hereof or any
substantial financial institution to which any Warrants represented by this Warrant Certificate may be transferred, an unsecured indemnity agreement) reasonably satisfactory in form and amount to the Company or, in the case of any such mutilation,
upon surrender and cancellation of such Warrant Certificate, the Company will execute and deliver, subject to the provisions of Section 9, in lieu thereof, a new Warrant Certificate of like tenor to the Holder of such Warrant, at such
Holder’s expense. 
 14. Certificate Rights and Obligations Survive Exercise of Warrants. The rights and obligations
of the Company contained in this Warrant Certificate shall survive the exercise or repurchase of the Warrants represented by this Warrant Certificate to the extent that such survival is necessary to give effect to a provision hereof. 

15. Notices. All notices, requests and other communications required or permitted to be given or delivered to the Holder under
this Warrant Certificate shall be in writing, and shall be delivered, or shall be sent by certified or registered mail postage prepaid and addressed, to such Holder at the address shown on this Warrant Certificate, or at such other address as shall
have been furnished to the Company by notice from such Holder. All notices, requests and other communications required or permitted to be given or delivered to the Company shall be in writing, and shall be delivered, or shall be sent by certified or
registered mail, postage prepaid and addressed to the office of the Company (return receipt requested) at 2584 Junction Avenue, San Jose, California 95134, Attention: Chief Financial Officer, with a copy to: Jones Day, 1755 Embarcadero Road, Palo
Alto, California 94303, Attention: Robert T. Clarkson. Any such notice, request or other communication may be sent by telegram or telex or by email, but shall in such case be subsequently confirmed by a writing delivered or sent by certified or
registered mail as provided above and, in the case of an email communication, confirmed by reply email from the intended recipient thereof. All notices shall be deemed to have been given either at the time of the delivery thereof to (or the receipt
by, in the case of a telegram or telex; or such time as the intended recipient thereof shall reply confirming receipt, in the case of e-mail) any officer or employee of the person entitled to receive such notice at the address of such person for
purposes of this Section 15, or, if mailed, at the completion of the third full day following the time of such mailing thereof to such address, as the case may be. 
 16. Amendments. Neither this Warrant Certificate nor any term or provision hereof may be changed, waived, discharged or terminated orally, but only by an instrument in writing signed by the Company
and the Holder. 
 17. Remedies. The Holder may seek to enforce the terms of this Warrant Certificate by seeking a decree
for the specific performance of any agreement contained herein or by an injunction against a violation of any of the terms hereof or otherwise. If any default under the terms of this Warrant Certificate shall occur and be continuing, the Holder may
proceed to protect and enforce its rights under this Warrant Certificate by exercising such remedies as are available to such Holder in respect thereof under applicable law, either by suit in equity or by action at law, or both, whether for specific
performance of any covenant or other agreement contained in this Warrant Certificate or in aid of the exercise of any power granted in this Warrant Certificate. No remedy conferred in this Warrant Certificate or the Credit Agreement upon the Holder
is intended to be exclusive of any other remedy available to such Holder, and each and every such remedy shall be cumulative and shall be in addition to every other remedy conferred herein or now or hereafter existing at law or in equity or by
statute or otherwise. 

  
 -18-

 18. Governing Law. THIS WARRANT CERTIFICATE HAS BEEN EXECUTED AND DELIVERED AT AND
SHALL BE DEEMED TO HAVE BEEN MADE IN NEW YORK, NEW YORK. THIS WARRANT CERTIFICATE AND THE RIGHTS GRANTED HEREIN SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED UNDER THE LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO ANY CONFLICTS OF LAW
RULES OR PRINCIPLES). ANY JUDICIAL PROCEEDING BROUGHT BY OR AGAINST THE COMPANY WITH RESPECT TO THIS WARRANT CERTIFICATE OR ANY RELATED AGREEMENT SHALL BE BROUGHT IN ANY COURT OF COMPETENT JURISDICTION IN THE UNITED STATES OF AMERICA FOR THE
SOUTHERN DISTRICT OF NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS WARRANT CERTIFICATE, THE COMPANY ACCEPTS THE EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS AND IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH
THIS WARRANT. IF ANY ACTION IS COMMENCED IN ANY OTHER JURISDICTION THE PARTIES HERETO HEREBY CONSENT TO THE REMOVAL OF SUCH ACTION TO THE SOUTHERN DISTRICT OF NEW YORK. THE COMPANY FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF
THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO THE COMPANY AT ITS ADDRESS, SUCH SERVICE TO BECOME EFFECTIVE 30 DAYS AFTER SUCH MAILING. NOTHING HEREIN
SHALL AFFECT THE RIGHT OF THE HOLDERS OF THIS WARRANT OR THE WARRANT SHARES TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR COMMENCE LEGAL PROCEEDINGS IN OR OTHERWISE PROCEED AGAINST THE COMPANY IN ANY OTHER JURISDICTION. 

19. Waiver of Jury Trial. THE COMPANY AND THE HOLDER OF THIS WARRANT CERTIFICATE HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY
TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS WARRANT CERTIFICATE OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS WARRANT CERTIFICATE AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THE RELATIONSHIP THAT IS
BEING ESTABLISHED HEREUNDER. THE COMPANY AND THE HOLDER OF THIS WARRANT CERTIFICATE ALSO WAIVE ANY BOND OR SURETY OR SECURITY UPON SUCH BOND WHICH MIGHT, BUT FOR THIS WAIVER, BE REQUIRED OF THE OTHER PARTIES. THE SCOPE OF THIS WAIVER IS INTENDED TO
BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS WARRANT CERTIFICATE, INCLUDING, WITHOUT LIMITATION, CONTRACT CLAIMS, TORT CLAIMS, BREACH
OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. THE COMPANY AND THE HOLDER OF THIS WARRANT CERTIFICATE ACKNOWLEDGE THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH HAS ALREADY RELIED ON THE
WAIVER IN ENTERING INTO THIS WARRANT CERTIFICATE AND THAT EACH WILL CONTINUE TO RELY ON THE WAIVER IN THEIR RELATED FUTURE DEALINGS. THE COMPANY AND THE HOLDER OF THIS WARRANT CERTIFICATE FURTHER WARRANT AND REPRESENT THAT EACH HAS REVIEWED THIS
WAIVER WITH ITS LEGAL COUNSEL, AND THAT EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THE
WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS WARRANT CERTIFICATE OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE TRANSACTIONS CONTEMPLATED HEREBY. IN THE EVENT OF LITIGATION, THIS AGREEMENT
MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 

  
 -19-

 20. Representations and Warranties of Company. The Company represents and warrants to
Holder that (i) the issuance of the Warrants and performance hereunder has been duly authorized by all necessary action of the Company and once issued will constitute, legal, valid and binding obligations of the Company, enforceable in
accordance with the terms hereof, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to or affecting creditor’s rights generally, by general equitable principles
(regardless of whether such enforceability is considered in a proceeding in equity or at law), public policy and by any implied covenant of good faith and fair dealing, (ii) prior to giving effect to the issuance of the Warrants and as of
March 30, 2013, the authorized Equity Interests of the Company consist solely of 175,000,000 shares of Common Stock, of which 92,640,962 shares are issued and outstanding, 1,000,000 shares of preferred stock, none of which are issued and
outstanding, 10,416,477 shares of Common Stock issuable pursuant to outstanding options, restricted and performance stock units, restricted and performance stock awards and stock appreciation rights, 7,132,061 shares of Common Stock available for
grant pursuant to the Company’s incentive plans and the shares of Common Stock issuable upon conversion of Oclaro Luxembourg’s 7.5% Exchangeable Senior Secured Second Lien Notes due 2018 (iii) all shares of Common Stock to be issued
upon exercise of the Warrants, when issued upon exercise of the Warrants in accordance with the terms of the Warrants, will be validly issued, fully paid and nonassessable and free of preemptive rights, (iv) the Company has duly reserved for
issuance a sufficient number of shares of Common Stock for issuance upon exercise of the Warrants at the initial exercise rate thereof, (v) other than as set forth in this Section 20 and the Warrants, there are no securities of the Company
or any of its subsidiaries that are convertible into or exchangeable for Equity Interests of the Company or any of its subsidiaries, and no options, warrants, calls, subscriptions, convertible securities, or other rights, agreements or commitments
which obligate the Company or any of its subsidiaries, (vi) other than as set forth in this Section 20 and the Warrants, there are no outstanding obligations of the Company or any of its subsidiaries to repurchase, redeem or otherwise
acquire any Equity Interests of the Company or any of its subsidiaries, and (vii) other than as set forth in this Section 20 or the Warrants, neither the Company nor any of its subsidiaries will have any obligation to issue, transfer or
sell any Equity Interests of the Company or its subsidiaries. 
 [Remainder of page intentionally left blank; signature pages
follow] 

  
 -20-

 IN WITNESS WHEREOF, the Company has caused this Warrant Certificate to be executed by its
duly authorized officer as of May 6, 2013. 
  

			
	OCLARO, INC.
		
	By:	 	 
		 	Name:
		 	Title:

 Schedule 1 

EXERCISE FORM 
 [To be executed only upon exercise of Warrants] 
 To:
[                    ] 

The undersigned irrevocably exercises             of the Warrants for the
purchase of an aggregate of             shares (the “Warrant Shares”) of common stock, par value $.01 per share, of OCLARO, INC. (the “Company”), and herewith
makes payment of $            (such payment being (a) in cash or by check or bank draft in New York Clearing House funds payable to the order of the Company, (b) by the surrender
of the applicable Warrant or Warrants, and without the payment of the Exercise Price in cash, for such number of Warrant Shares equal to the product of (1) the number of Warrants Shares for which such Warrant or Warrants are exercisable with
payment in cash of the Exercise Price as of the date of exercise and (2) the Cashless Exercise Ratio, (c) by tendering Term Loans having an aggregate principal amount, plus accrued and unpaid interest, if any, thereon to the date of
exercise, equal to the Exercise Price or (d) by any combination of (a), (b) and (c) above, all in the aggregate Exercise Price for all Warrants being exercised by the undersigned and on the terms and conditions specified in the within
Warrant Certificate), surrenders the within Warrant Certificate and all right, title and interest therein (except as to any unexercised Warrants) to the Company and directs that the Warrant Shares deliverable upon the exercise of such Warrants be
registered or placed in the name and at the address specified below and delivered thereto. 
  

					
	Date:                    	 		 	                           
           

 Schedule 2 

FORM OF ASSIGNMENT 
 FOR VALUE RECEIVED, the undersigned registered holder of the within Warrant Certificate hereby sells, assigns and transfers unto the Assignee(s) named below (including the undersigned with respect to any
Warrants constituting a part of the Warrants evidenced by the within Warrant Certificate not being assigned hereby) all of the rights of the undersigned under the within Warrant Certificate with respect to the number of Warrants set forth below:

  

							
	 Names of
 Assignees
	  	Address	  	Social Security or
Other Identifying Number
of Assignee(s)	  	Number of
Warrants

and does hereby irrevocably constitute and appoint              the undersigned’s
attorney to make such transfer on the books of [            ] maintained for that purpose, with full power of substitution in the premises. 

Dated:                      

 

	
	
	1

	(Signature of Owner)
	
	  
	(Street Address)
	
	  
	(City) (State) (Zip Code)

  

	1 	 The signature must correspond with the name as written upon the face of the within Warrant Certificate in every particular, without alteration or
enlargement or any change whatever.EX-10.8

 Exhibit 10.8 
 Execution Version 
 AMENDMENT NUMBER TWO TO SECOND AMENDED AND RESTATED CREDIT

 AGREEMENT AND AMENDED AND RESTATED SECURITY AGREEMENTS AND 

AMENDMENT NUMBER ONE TO AMENDED AND RESTATED GUARANTIES 
 This Amendment Number Two to Second Amended and Restated Credit Agreement and Amended and Restated Security Agreements and Amendment Number One to Amended and Restated Guaranties
(“Amendment”) is entered into as of May 6, 2013, by and among WELLS FARGO CAPITAL FINANCE, INC., a California corporation, as administrative agent (the “Agent”) for the lenders (the
“Lenders”) identified on the signature pages to the Credit Agreement (as defined below), and the Lenders, on the one hand, and OCLARO, INC., a Delaware corporation (“Parent”), OCLARO TECHNOLOGY
LIMITED, a company incorporated under the laws of England and Wales (“Borrower”), and the Grantors (defined below) identified on the signature pages hereto, on the other hand, with reference to the following facts: 

A. Agent, Lenders, Parent and Borrower have previously entered into that certain Second Amended and Restated Credit Agreement, dated as of
November 2, 2012 (as amended, supplemented, amended and restated, or otherwise modified, the “Credit Agreement”). 
 B. Certain grantors (“Grantors”) and Agent have previously entered into that certain Amended and Restated Security Agreement (Domestic), dated as of November 2, 2012 (as amended,
supplemented, amended and restated, or otherwise modified, the “Domestic Security Agreement”) and that certain Amended and Restated Security Agreement (Foreign), dated as of November 2, 2012 (as amended, supplemented, amended
and restated, or otherwise modified, the “Foreign Security Agreement”, and together with the Domestic Security Agreement, the “Security Agreements”) 

C. Grantors have previously entered into that certain Amended and Restated General Continuing Guaranty (Domestic) dated as of
November 2, 2012 (as amended, supplemented, amended and restated, or otherwise modified, the “Domestic Guaranty”) and that certain Amended and Restated Security Agreement (Foreign), dated as of November 2, 2012 (as
amended, supplemented, amended and restated, or otherwise modified, the “Foreign Guaranty”, and together with the Domestic Guaranty, the “Guaranties”). 

D. Borrower, Parent, Grantors, Agent, and Lenders desire to amend the Credit Agreement, each of the Security Agreements, and each of the
Guaranties as provided for and on the conditions herein. 
 NOW, THEREFORE, Borrower, Parent, Grantors, Agent and Lenders hereby
amend and supplement the Credit Agreement, each of the Security Agreements, and each of the Guaranties as follows: 
 1.
DEFINITIONS. All initially capitalized terms used in this Amendment shall have the meanings given to them in the Credit Agreement unless specifically defined herein. 
 2. AMENDMENTS TO THE CREDIT AGREEMENT. 
 (a) The “Exhibits and
Schedules” table after the table of contents of the Credit Agreement is hereby amended by deleting the reference to “Revolver Commitments” therein and replacing such reference with “Commitments”. 

(b) Section 2.1(a)(ii)(A) of the Credit Agreement is hereby amended by deleting such clause in its entirety and replacing it
with the following: 
 “(A) the Maximum Revolver Amount less the sum of (1) the Letter of Credit Usage at such time,
plus (2) the principal amount of Swing Loans outstanding at such time, plus (3) the Line Block and” 

 Execution Version 

 

 (c) Section 2.1(a) of the Credit Agreement is hereby amended by deleting the
“or” at the end of clause (i) therein, deleting the period at the end of clause (ii)(B) therein and replacing such period with “, or”, and adding the following new clause (iii) immediately thereafter: 

“(iii) such Lender’s Pro Rata Share of an amount that, when added with the principal amount of the Advances and the Term Loans
outstanding at such time (including after giving effect to any interest accrued at the PIK Term Loan Interest Rate that has been added to the principal balance of the Term Loans pursuant to the terms hereof) does not exceed $100,000,000;
provided, in the event such aggregate amount exceeds such $100,000,000 limitation, such excess shall nonetheless continue to be deemed as Obligations hereunder.” 
 (d) Section 2.2 of the Credit Agreement is hereby amended by deleting it in its entirety and replacing it with the following: 

“2.2 Term Loan. Subject to the terms and conditions of this Agreement, on the Second Amendment Effective Date, each
Lender with a Term Loan Commitment agrees (severally, not jointly or jointly and severally) to make a term loan (each, a “Term Loan” and collectively, the “Term Loans”) to Borrower in an amount equal to such
Lender’s Pro Rata Share of the Term Loan Amount. The Borrower agrees to pay to each Lender with a Term Loan Commitment a closing fee (the “Term Loan Closing Fee”) in an amount equal to 8.5% of the principal amount of such
Lender’s Term Loan funded on the Second Amendment Effective Date; provided that such Term Loan Closing Fee may be paid to each Lender with a Term Loan Commitment out of the proceeds of the Term Loan funded by such Lender as and when
funded on the Second Amendment Effective Date. Such Term Loan Closing Fee will be in all respects fully earned, due and payable on the Second Amendment Effective Date and non-refundable and non-creditable thereafter. The outstanding unpaid principal
balance and all accrued and unpaid interest on the Term Loans shall be due and payable on the earlier of (i) the Term Loan Maturity Date, and (ii) the date of the acceleration of the Term Loans in accordance with the terms hereof. Any
principal amount of the Term Loans that is repaid or prepaid may not be reborrowed. All principal of, interest on, and other amounts payable in respect of the Term Loans shall constitute Obligations hereunder. Parent agrees to issue the Warrants to
each Term Loan Lender on the Second Amendment Effective Date. The Parent, Borrower, and each Term Loan Lender agrees that (i) the consideration payable to the Borrower for the Term Loans is $22,198,000 and (ii) the aggregate purchase price
payable to the Parent for the Warrants is $677,000 (or $0.3687 per Warrant). Unless otherwise required by law, the Parent, Borrower, and each Term Loan Lender shall not take any position inconsistent with the preceding sentence on any income tax
return or for any other income tax purpose.” 
 (e) Section 2.3(f) of the Credit Agreement is hereby amended by
adding the reference “(and Term Loans, as applicable)” immediately after the reference to “principal amount of the Advances” therein. 
 (f) Section 2.3(g) of the Credit Agreement is hereby amended by adding the reference “fourth,” to the beginning of clause (D) therein and adding the reference “fifth,”
to the beginning of clause (E) therein. 
 (g) Section 2.3(h) of the Credit Agreement is hereby amended by
deleting the reference to “Revolver Commitment” therein and replacing such reference with “Commitment”. 

  
 2 

 Execution Version 

 

 (h) Section 2.4(b) of the Credit Agreement is hereby amended by deleting it
in its entirety and replacing it with the following: 
 “(b) Apportionment and Application. 

(i) Upon consummation of any Strategic Transaction, the Net Proceeds of such Strategic Transaction shall be applied by the Borrower as
follows: 
 (A) with respect to any Strategic Transaction pursuant to clause (a) of the definition thereof:

  

	 	(1)	first, so long as no Default or Event of Default has occurred and is continuing, such Net Proceeds may be retained by the Borrower (with any Net Proceeds that
the Borrower elects not to retain or that may not be retained as the result of the existence of a Default or Event of Default, to be applied pursuant to the remaining clauses of this Section 2.4(b)(i)); provided that not more than
an aggregate of $10,000,000 may be retained by the Borrower pursuant to this Section 2.4(b)(i)(A)(1) from all Strategic Transactions; 

  

	 	(2)	second, any remaining portion of such Net Proceeds shall be applied in the order set forth in Sections 2.4(b)(ii)(A) through (L); provided
that the aggregate amount of Net Proceeds applied pursuant to this Section 2.4(b)(i)(A)(2), when taken together with any amounts applied to Obligations owed to Revolving Lenders and their Affiliates pursuant to
Section 2.4(b)(i)(B)(1) from all Strategic Transactions shall not exceed $20,000,000; 

  

	 	(3)	third, any remaining Net Proceeds shall be applied to the outstanding amount of the Obligations owed to Term Loan Lenders to be applied in the order set forth in
Sections 2.4(b)(ii)(M) and (N) until paid in full; and 

  

	 	(4)	fourth, any remaining proceeds shall be applied to all other Obligations as set forth in Section 2.4(b)(ii). 

(B) With respect to any Strategic Transaction pursuant to clauses (b) and (c) of the definition thereof:

  

	 	(1)	first, such Net Proceeds shall be applied in the order set forth in Sections 2.4(b)(ii)(A) through (L); provided that the aggregate amount
of Net Proceeds applied pursuant to this Section 2.4(b)(i)(B)(1), when taken together with any amounts applied to the Obligations pursuant to Section 2.4(b)(A)(2) from all Strategic Transactions may not exceed $20,000,000;

  

	 	(2)	second, any remaining Net Proceeds shall be applied to the outstanding amount of the Obligations owed to Term Loan Lenders to be applied in the order set forth
in Sections 2.4(b)(ii)(M) and (N) until paid in full; and 

  
 3 

 Execution Version 

 

	 	(3)	third, any remaining proceeds shall be applied to all other Obligations as set forth in Section 2.4(b)(ii). 

(ii) Other than as required by Section 2.4(b)(i), all payments remitted to Agent and all proceeds of Collateral (other than
Exempted Proceeds) received by Agent shall be applied as follows: 
  

	 	(A)	first, to pay any Lender Group Expenses (including cost or expense reimbursements) or indemnities then due to Agent under the Loan Documents, until paid in full,

  

	 	(B)	second, to pay any fees or premiums then due to Agent under the Loan Documents until paid in full, 

 

	 	(C)	third, to pay interest due in respect of all Protective Advances until paid in full, 

 

	 	(D)	fourth, to pay the principal of all Protective Advances until paid in full, 

 

	 	(E)	fifth, ratably, to pay any Lender Group Expenses (including cost or expense reimbursements) or indemnities then due to any of the Lenders under the Loan
Documents, until paid in full, 

  

	 	(F)	sixth, ratably, to pay any fees or premiums then due to any of the Lenders under the Loan Documents until paid in full, 

 

	 	(G)	seventh, to pay interest accrued in respect of the Swing Loans until paid in full, 

 

	 	(H)	eighth, to pay the principal of all Swing Loans until paid in full, 

 

	 	(I)	ninth, ratably, to pay interest accrued and then due in respect of the Advances (other than Protective Advances) until paid in full, 

 

	 	(J)	tenth, ratably (i) to pay the principal of all Advances until paid in full, (ii) to Agent, to be held by Agent, for the benefit of Issuing Lender (and
for the ratable benefit of each of the Lenders that have an obligation to pay to Agent, for the account of the Issuing Lender, a share of each Letter of Credit Disbursement), as cash collateral in an amount up to 105% of Dollar denominated Letters
of Credit and 115% of foreign currency denominated Letters of Credit comprising the Letter of Credit Usage (to the extent permitted by applicable law, such cash collateral shall be applied to the reimbursement of any Letter of Credit Disbursement as
and when such disbursement occurs and, if a Letter of Credit expires undrawn, the cash collateral held by Agent in respect of such Letter of Credit shall, to the extent permitted by applicable law, be reapplied pursuant to this
Section 2.4(b)(ii), beginning with tier (A) hereof), and (iii) ratably, to the Bank Product Providers based upon amounts then certified by the applicable Bank Product Provider to Agent (in form and substance satisfactory to
Agent) to be then due and payable to such Bank Product Providers on account of Bank Product Obligations, 

  
 4 

 Execution Version 

 

	 	(K)	eleventh, to pay any other Obligations other than (i) Obligations owed to Defaulting Lenders and (ii) Obligations with respect to the Term Loans,

  

	 	(L)	twelfth, ratably to pay any Obligations then owed to Defaulting Lenders other than Obligations with respect to the Term Loans, 

 

	 	(M)	thirteenth, to pay interest accrued in respect of the Term Loans until paid in full, 

 

	 	(N)	fourteenth, to pay the principal of the Term Loans until paid in full, and 

 

	 	(O)	fifteenth, to Borrower (to be wired to the Designated Account) or such other Person entitled thereto under applicable law. 

(iii) Agent promptly shall distribute to each Lender, pursuant to the applicable wire instructions received from each Lender in writing,
such funds as it may be entitled to receive, subject to a Settlement delay as provided in Section 2.3(e). 
 (iv)
[Reserved]. 
 (v) For purposes of Section 2.4(b)(ii), “paid in full” of a type of Obligation means payment
in cash or immediately available funds of all amounts owing on account of such type of Obligation, including interest accrued after the commencement of any Insolvency Proceeding, default interest, interest on interest, and expense reimbursements,
irrespective of whether any of the foregoing would be or is allowed or disallowed in whole or in part in any Insolvency Proceeding. 
 (vi) In the event of a direct conflict between the priority provisions of this Section 2.4 and any other provision contained in this Agreement or any other Loan Document, it is the intention
of the parties hereto that such provisions be read together and construed, to the fullest extent possible, to be in concert with each other. In the event of any actual, irreconcilable conflict that cannot be resolved as aforesaid, if the conflict
relates to the provisions of Section 2.3(g) and this Section 2.4, then the provisions of Section 2.3(g) shall control and govern, and if otherwise, then the terms and provisions of this Section 2.4
shall control and govern.” 
 (i) Section 2.4(c) of the Credit Agreement is hereby amended by designating the
existing text therein as new clause (i), amending the title of such clause (i) to “Revolver Commitments”, adding the title “Reduction of Commitments” to the beginning of such Section 2.4(c), and adding the
following new clause (ii) therein: 
 “(ii) Term Loan Commitments. The Term Loan Commitments shall terminate on
the Second Amendment Effective Date immediately following the making of the Term Loans.” 
 (j) Section 2.4(d)
of the Credit Agreement is hereby amended by deleting it in its entirety and replacing it with the following: 
 “(d)
Optional Prepayments.  

  
 5 

 Execution Version 

 

 (i) Advances. Borrower may prepay the principal of any Advance at
any time in whole or in part. 
 (ii) Term Loans. Borrower may, with the prior written consent of Required
Lenders (provided that such consent shall not be required with respect to any prepayment required under Section 2.4(e)), prepay the principal of the Term Loans, in whole or in part. Each prepayment made pursuant to this
Section 2.4(d)(ii) shall be accompanied by the payment of accrued interest to the date of such payment on the amount prepaid. Any such prepayment of the Term Loans pursuant to this Section 2.4(d)(ii) shall be in the amount
of: (A) 100% of the Term Loans if such prepayment is made on or prior to the date that is 6 months following the Second Amendment Effective Date, and (B) 105% of the Term Loans if such prepayment is made anytime thereafter.”

 (k) Section 2.4 of the Credit Agreement is hereby amended by adding the following new clause (e) as follows:

 “(e) Mandatory Prepayments. Upon consummation of any Strategic Transaction, the Parent and/or the applicable
Subsidiary shall apply 100% of the Net Proceeds of such Strategic Transaction in accordance with Section 2.4(b).” 
 (l) Section 2.6(a) of the Credit Agreement is hereby amended by deleting it in its entirety and replacing it with the following: 

“(a) Interest Rates. Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that
have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof as follows: 
 (i) if the relevant Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate for the Interest Period in effect for such Obligation plus the LIBOR Rate Margin, 

(ii) if the relevant Obligation is a Term Loan, at a per annum rate equal to the sum of: (A) the PIK Term Loan
Interest Rate, with such accrued interest to be capitalized quarterly and added to the outstanding principal balance of such Term Loan, plus (B) the Cash Term Loan Interest Rate. 

(iii) otherwise, at a per annum rate equal to the Base Rate then in effect plus the Base Rate Margin.” 

(m) Section 2.6(c) of the Credit Agreement is hereby amended by deleting the first clause before clause (i) in its
entirety and replacing it with the following: “Upon the occurrence and during the continuation of an Event of Default and at the election of the Required Lenders with respect to Obligations owed to Revolving Lenders and their Affiliates, and at
the election of Term Loan Lenders with respect to the Term Loans,”. 
 (n) Section 2.6(d) of the Credit
Agreement is hereby amended by adding the reference “(at Agent’s Option)” immediately after the phrase “to charge” in the second sentence therein. 
 (o) Section 2.8 of the Credit Agreement is hereby amended by designating the existing clause as clause (i) and adding the following new clause (ii) immediately thereafter:

  
 6 

 Execution Version 

 

 “(ii) The Term Loan Lenders are authorized to make the Term Loans under this
Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person. Borrower agrees to establish and maintain the Term Loan Designated Account with the Designated Account Bank for the purpose of
receiving the proceeds of the Term Loan requested by Borrower and made by the Term Loan Lender hereunder. Unless otherwise agreed by Term Loan Lender and Borrower, the Term Loans requested by Borrower and made by Term Loan Lender hereunder shall be
made to the Term Loan Designated Account. Borrower may use the proceeds of the Term Loans to fund working capital requirements of the Parent and its Subsidiaries. Agent may not exercise any of its rights or remedies with respect to the Term Loan
Designated Account unless (a) such exercise is in connection with the exercise of remedies under Section 9.1 on or after the Milestone Date or (b) the Term Loan Lenders consent to such exercise in writing.” 

(p) Section 2.9 of the Credit Agreement is hereby amended by adding the reference to “the Term Loans,” immediately
after the reference to “charged with” in the first sentence therein. 
 (q) Section 2.12(a) of the Credit
Agreement is hereby amended by deleting the reference to “Required Lenders” in the last sentence therein and replacing such reference with “Revolving Lenders”. 

(r) Section 2.13(a) of the Credit Agreement is hereby amended by deleting the reference “such Lender’s Revolver
Commitments” in the first sentence therein and replacing it with “such Lender’s Commitments”. 
 (s)
Section 2.14 of the Credit Agreement is hereby amended by deleting it in its entirety and replacing it with “2.14 [Reserved].”. 
 (t) Section 3.3 of the Credit Agreement is hereby amended by deleting the reference to “Required Lenders” therein in its entirety and replacing such reference with
“Supermajority Lenders”. 
 (u) Section 4.9 of the Credit Agreement is hereby amended by deleting the
reference to “June 30, 2012” therein in its entirety and replacing such reference with “March 31, 2013”. 

(v) Clause (a) of Section 4.10 of the Credit Agreement is hereby amended by deleting it in its entirety and replacing it
with the following: 
 “(a) the Loan Parties, on a consolidated basis, are Solvent.” 

(w) Section 5.13 of the Credit Agreement is hereby amended by deleting the reference “Required Lenders” in the first
sentence therein and replacing it with “Supermajority Lenders”. 
 (x) Section 5 of the Credit Agreement is
hereby amended by adding the following new Section 5.20 immediately after the existing Section 5.19 as follows: 
 “5.20 Strategic Transactions. Borrower shall (a) have consummated one or more Strategic Transactions by the Milestone Date resulting in Net Proceeds of at least $100,000,000 being
applied in accordance with Section 2.4(b)(i), (b) notify Agent of any consummated Strategic Transaction at least 2 days prior to the closing of such Strategic Transaction, (c) cause the Net Proceeds of any Strategic Transaction
to be paid directly to a Controlled Account of Borrower subject to daily sweeps for application in accordance with Section 2.4(b)(i), and (d) cause its investment banking advisors to provide Agent with weekly telephonic or email
updates regarding the status of any potential or actual Strategic Transaction. 

  
 7 

 Execution Version 

 

 (y) Section 5 of the Credit Agreement is hereby amended by adding the
following new Section 5.21 immediately after the existing Section 5.20 as follows: 
 “5.21
Consultant. Agent and Lenders acknowledge that a consultant has been engaged to provide certain services to Parent (such consultant, and any replacement consultant approved by Agent in its sole discretion, the
“Consultant”) to review Parent and its Subsidiaries’ business and operations for the purpose of (a) verifying and assisting in the generation of the cash flow forecasts, (b) engaging and collaborating with
Parent’s management team with respect to any decision materially affecting the cash management of Parent and its Subsidiaries’, and (c) assisting in the preparation of any plans or projections with respect to Parent and its
Subsidiaries’ business and operations (the foregoing, collectively, the “Project”). Parent shall at all times engage the Consultant for the Project until such engagement is terminated by Parent with Agent’s consent. The
Consultant will be selected by, engaged by, and work for Parent or its agents. Parent and Borrower shall be solely responsible for all fees, costs and charges of the Consultant with respect to the Project. Parent and its Subsidiaries shall afford
the Consultant sufficient access to the books and records, premises, and management and other employees of Parent and its Subsidiaries as may be reasonably required, in the Consultant’s judgment, to timely and properly complete the Project.
Parent and Borrower shall direct the Consultant to be available to Agent and the Lenders, in the presence of management of Parent, at one or more reasonable times to discuss its progress on the Project.” 

(z) Section 6 of the Credit Agreement is hereby amended by adding the following new Section 6.18 as follows:

 “6.18 Tax Classification. At any time Obligations with respect to the Term Loans are outstanding, permit
Borrower to change its classification for United States federal income tax purposes to anything other than a corporation without the prior written consent of the Term Loan Lenders (such consent not to be unreasonably withheld, delayed or
conditioned). 
 (aa) Section 7.1 of the Credit Agreement is hereby amended by deleting such section in its entirety
and replacing it with the following: 
 “7.1 Additional Financial Reporting. Upon the consummation of a
Strategic Transaction described in clause (b) or (c) of the definition thereof, Borrower shall promptly (but in any event no later than 4 Business Days following such consummation) deliver to Agent its pro forma financial statements, in
form and substance satisfactory to Revolving Lenders, after giving effect to such Strategic Transaction (“Proforma Strategic Transaction Statements”). Using information provided on the Proforma Strategic Transaction Statements and
Borrower’s reporting delivered pursuant to Section 5.1, Agent, at the direction of the Required Lenders, shall propose new financial covenant levels which covenant levels shall be subject to Borrower’s approval. Borrower has 15 days
after receiving such proposed financial covenant levels to approve such proposed covenant levels or agree with Agent and the Required Lenders as to other proposed financial covenant levels and if Borrower does not so approve, then the Obligations
shall become due and payable in full on the 30th day following Borrower’s receipt of such proposed financial covenant levels.” 

  
 8 

 Execution Version 

 

 (bb) Section 8.2(a) of the Credit Agreement is hereby amended by deleting
the reference “5.14, or 5.15” therein and replacing it with “5.14, 5.15, or 5.20”. 
 (cc) Section 9.1 of the Credit Agreement is hereby amended by deleting the reference “Required Lenders” in the first sentence therein and replacing it with “Supermajority
Lenders”. 
 (dd) Section 9.1(a) of the Credit Agreement is hereby amended by deleting the reference to
“declare” in the first sentence therein and replacing such reference with “declare all or any portion of”. 

(ee) Section 11 of the Credit Agreement is hereby amended by inserting a comma immediately after the first reference to
“OCLARO” therein. 
 (ff) Section 13.1(a) of the Credit Agreement is hereby amended by deleting it in its
entirety and replacing it with the following: 
 “(a) With the prior written consent of Borrower, which consent of Borrower
shall not be unreasonably withheld, delayed or conditioned, and shall not be required (1) if an Event of Default has occurred and is continuing, or (2) in connection with an assignment to a Person that is a Lender or an Affiliate (other
than individuals) of a Lender; provided that Borrower shall be deemed to have consented to a proposed assignment unless it objects thereto by written notice to Agent within 5 Business Days after having received written notice thereof, and subject to
clause (h) below, with the prior written consent of Agent, which consent of Agent shall not be unreasonably withheld, delayed or conditioned, and shall not be required in connection with an assignment to a Person that is a Lender or an
Affiliate (other than individuals) of a Lender, any Lender may assign and delegate to one or more assignees so long as such prospective assignee is an Eligible Transferee (each, an “Assignee”; provided, however, that
no Loan Party, or Affiliate of a Loan Party, shall be permitted to become an Assignee and no Term Loan Lender shall be permitted to become an Assignee of Obligations owed to Revolving Lenders and their Affiliates without Agent’s prior written
consent, and such consent will not be required in the event a Term Loan Lender exercises the option set forth in Section 9 of the Agreement Among Lenders) all or any portion of the Obligations, the Commitments and the other rights and
obligations of such Lender hereunder and under the other Loan Documents, in a minimum amount (unless waived by Agent) of $5,000,000 (except such minimum amount shall not apply to (x) an assignment or delegation by any Lender to any other Lender
or an Affiliate of any Lender or (y) a group of new Lenders, each of which is an Affiliate of each other or a Related Fund of such new Lender to the extent that the aggregate amount to be assigned to all such new Lenders is at least
$5,000,000); provided, however, that Borrower and Agent may continue to deal solely and directly with such Lender in connection with the interest so assigned to an Assignee until (i) written notice of such assignment, together
with payment instructions, addresses, and related information with respect to the Assignee, have been given to Borrower and Agent by such Lender and the Assignee, (ii) such Lender and its Assignee have delivered to Borrower and Agent an
Assignment and Acceptance and Agent has notified the assigning Lender of its receipt thereof in accordance with Section 13.1(b), and (iii) unless waived by Agent, the assigning Lender or Assignee has paid to Agent for Agent’s separate
account a processing fee in the amount of $3,500.” 
 (gg) Sections 13.1(d) and 13.1(e) of the Credit
Agreement are hereby amended by deleting each reference to “Revolver Commitment” or “Revolver Commitments” therein, and replacing each such reference with “Commitment” or “Commitments”, as applicable.

  
 9 

 Execution Version 

 

 (hh) Section 13.1 of the Credit Agreement is hereby amended by adding the
following new clause (h) at the end of such section as follows: 
 “(h) Notwithstanding anything in this Agreement to
the contrary, a Term Loan Lender may only assign or delegate any portion of its Obligations to an assignee if (x) such assignee agrees to become bound to the Agreement Among Lenders and (y) Agent gives its prior written consent;
provided that such Agent’s consent (i) shall not be required when no Event of Default has occurred and is continuing, (ii) shall not be required in connection with an assignment to a Person that is a Lender or an Affiliate
(other than individuals) of a Lender and (iii) may not be unreasonably withheld, delayed or conditioned on and after the 6th Business Day following Agent’s knowledge of the occurrence of an Event of Default.” 

(ii) Section 14.1(a)(i) of the Credit Agreement is hereby amended by deleting such clause in its entirety and replacing it
with the following: 
 “(i) increase the amount of or extend the expiration date of any Commitment of any Lender or amend,
modify, or eliminate the last sentence of Section 2.4(b)(i) (each Lender is deemed to be directly affected thereby with respect to an increase of any particular Lender’s Commitment),” 

(jj) Section 14.1(a)(iii) of the Credit Agreement is hereby amended by deleting such clause in its entirety and replacing it
with the following: 
 “(iii) reduce the principal of, or the rate of interest on, any loan or other extension of credit
hereunder, or reduce any fees or other amounts payable hereunder or under any other Loan Document (except in connection with the waiver of applicability of Section 2.6(c) (which waiver shall be effective with (A) the written consent
of the Revolving Lenders with respect to Obligations owed to Revolving Lenders and their Affiliates or (B) the written consent of a Term Loan Lender with respect to Obligations owed to such Term Loan Lender)),” 

(kk) Section 14.1(a)(vii) of the Credit Agreement is hereby amended by deleting such clause in its entirety and replacing it
with the following: 
 “(vii) amend, modify, or eliminate the definition of “Required Lenders”,
“Supermajority Lenders”, or “Pro Rata Share” or reduce the dollar amount set forth in the definition of “Line Block” (it being understood that the Term Loan Lenders would be directly affected by any such amendment,
modification or elimination of such definition),” 
 (ll) Section 14.1(a)(x) of the Credit Agreement is hereby
amended by deleting the reference to “Section 2.4(b)(i)” therein and replacing it with “Section 2.4(b)”. 
 (mm) Section 15.4 of the Credit Agreement is hereby amended by deleting the reference to “consent of the Required Lenders” therein and replacing it with “consent of the Required
Lenders or Supermajority Lenders, as applicable,”. 
 (nn) Section 15.9 of the Credit Agreement is hereby
amended by replacing each reference to “Required Lenders” therein with “Supermajority Lenders”. 
 (oo)
Section 15.11(a) of the Credit Agreement is hereby amended by deleting the reference to “Required Lenders” in clause (z) therein and replacing such reference with “Supermajority Lenders”, and adding the following
proviso to the end of clause (ii) therein: “provided, the release of Liens with respect to a Strategic Transaction (other than as set forth in clause (t) of the definition of “Permitted Dispositions”) requires the
consent of the Supermajority Lenders,”. 

  
 10 

 Execution Version 

 

 (pp) Sections 15.12(e), (f), and (u) of the Credit Agreement
are hereby amended by deleting each reference to “Required Lenders” therein and replacing each such reference with “Supermajority Lenders”. 
 (qq) Section 15.18 of the Credit Agreement is hereby amended by deleting each reference to “Revolver Commitments” therein and replacing each such reference with
“Commitments”. 
 (rr) Section 16(e) of the Credit Agreement is hereby amended by deleting the reference to
“Revolver Commitments” therein and replacing such reference with “Commitments”. 
 (ss)
Section 17.9 of the Credit Agreement is hereby amended by deleting the reference to “Revolver Commitments” therein and replacing such reference with “Commitments”. 

(tt) Section 17.13 of the Credit Agreement is hereby amended by deleting the reference to “This Agreement” therein
and replacing such reference with “This Agreement and the Agreement Among Lenders”. 
 (uu) The definition of
“Lender” in Schedule 1.1 of the Credit Agreement is hereby amended by deleting the reference “the Issuing Lender and the Swing Lender,” and replacing such reference with “the Issuing Lender, the Swing Lender, and the
Term Loan Lenders,” therein. 
 (vv) The definition of “Loan Documents” in Schedule 1.1 of the Credit Agreement is
hereby amended by deleting the reference “means the Agreement,” and replacing such reference with “means the Agreement, the Second Amendment,”. 
 (ww) The definition of “Payoff Date” in Schedule 1.1 of the Credit Agreement is hereby amended by deleting the reference “Revolver Commitments” therein and replacing such
reference with “Commitments”. 
 (xx) The definition of “Permitted Dispositions” in Schedule 1.1 of the
Credit Agreement is hereby amended by deleting the reference to “and” at the end of clause (r) therein, deleting the period at the end of clause (s) therein and replacing such period with a comma, and also adding the following
new clause (t): 
 “(t) any Strategic Transaction set forth in clauses (a) and (b) of such definition, so long as
Parent and/or the relevant Subsidiary receives not less than fair market value as consideration for the assets (including any equity interests) subject to such disposition.” 

(yy) The definition of “Permitted Intercompany Advance” in Schedule 1.1 of the Credit Agreement is hereby amended by
deleting clause (c) therein in its entirety and replacing it with the following: 
 “(c) made by any of Parent’s
Subsidiaries that is a Loan Party to any of Parent’s other Subsidiaries that is not a Loan Party in the form of operational funding consistent with current business practices and consistent with the level and nature of operations and revenue
generating activities implicit in the financial models provided by Parent prior to the Second Amendment Effective Date (and as updated in a manner reviewed and approved by the Lenders) and reviewed by the Consultant pursuant to
Section 5.21, so long as no Default or Event of Default has occurred and is continuing or would result therefrom;” 

  
 11 

 Execution Version 

 

 (zz) Clause (d) of the definition of “Permitted Intercompany Advance” in
Schedule 1.1 of the Credit Agreement is hereby amended by deleting the reference to “clause (c)(ii)” therein and replacing it with “clause (c)”. 
 (aaa) The definition of “Revolver Commitment” in Schedule 1.1 of the Credit Agreement is hereby amended by deleting the reference to “or as may be increased from time to time
pursuant to Section 2.14 of the Agreement” therein. 
 (bbb) Schedule 1.1 of the Credit Agreement is
hereby amended by deleting the definitions of “Application Event”, “Excess”, “Increase”, “Increase Date”, “Increase Joinder”, “Post-Increase Lenders”, “Pre-Increase Lenders”,
“Triggering Event”, and “Triggering Period” in their entirety. 
 (ccc) The definitions of “Adjusted
Excess Availability”, “Base Rate Margin”, “Borrowing Base”, “LIBOR Rate Margin”, “Maximum Revolver Amount”, “Pro Rata Share”, “Required Lenders”, and “UK Collateral
Documents” in Schedule 1.1 of the Credit Agreement are hereby amended by deleting such definitions in their entirety and replacing them with the following in alphabetical order: 

“Adjusted Excess Availability” means, as of any date of measurement, Excess Availability. 

“Base Rate Margin” has the meaning set forth in the definition of Applicable Margin. 

“Borrowing Base” means, as of any date of determination, the result of (a) the sum of (i) 85% of the amount of
Tier One Eligible Accounts, plus (ii) the lesser of (x) 75% of Tier Two Eligible Accounts and (y) $20,000,000, plus (iii) the lesser of (x) 75% of Tier Three Eligible Accounts and (y) $15,000,000, minus
(b) the sum of (i) the amount, if any, of the Dilution Reserve, (ii) the aggregate amount of reserves, if any, established by Agent under Section 2.1(c) of the Agreement, and (iii) the Availability Block. 

“LIBOR Rate Margin” has the meaning set forth in the definition of Applicable Margin. 

“Maximum Revolver Amount” means the sum of the Revolver Commitments set forth on Schedule C-1, as such Revolver
Commitments may be reduced pursuant to Section 2.4(c) of the Agreement. 
 “Pro Rata Share” means,
as of any date of determination: 
  

	 	(a)	with respect to a Lender’s obligation to make all or a portion of the Advances, with respect to such Lender’s right to receive payments of interest, fees, and
principal with respect to the Advances, and with respect to all other computations and other matters related to the Revolver Commitments or the Advances, the percentage obtained by dividing (i) the Revolving Loan Exposure of such Lender by
(ii) the aggregate Revolving Loan Exposure of all Lenders, 

  
 12 

 Execution Version 

 

	 	(b)	with respect to a Lender’s obligation to participate in Letters of Credit and Reimbursement Undertakings, to reimburse the Issuing Lender, and right to receive
payments of fees with respect thereto, the percentage obtained by dividing (i) the Revolving Loan Exposure of such Lender by (ii) the aggregate Revolving Loan Exposure of all Lenders; provided, that if all of the Advances have been
repaid in full and all Revolver Commitments have been terminated, but Letters of Credit remain outstanding, Pro Rata Share under this clause shall be determined as if the Revolver Commitments had not been terminated and based upon the Revolver
Commitments as they existed immediately prior to their termination, 

  

	 	(c)	with respect to a Lender’s obligation to make all or a portion of the Term Loans, with respect to such Lender’s right to receive payments of interest, fees,
and principal with respect to the Term Loans, and with respect to all other computations and other matters related to the Term Loan Commitments or the Term Loans, the percentage obtained by dividing (i) the Term Loan Exposure of such Lender by
(ii) the aggregate Term Loan Exposure of all Lenders, and 

  

	 	(d)	with respect to all other matters and for all other matters as to a particular Lender (including the indemnification obligations arising under Section 15.7 of the
Agreement), the percentage obtained by dividing (i) the sum of the Term Loan Exposure of such Lender plus the Revolving Loan Exposure of such Lender by (ii) the sum of the aggregate Term Loan Exposure of all Lenders plus the aggregate
Revolving Loan Exposure of all Lenders, in any such case as the applicable percentage may be adjusted by assignments permitted pursuant to Section 13.1; provided, that if all of the Loans have been repaid in full, all Letters of Credit have
been made the subject of Letter of Credit Collateralization, and all Commitments have been terminated, Pro Rata Share under this clause shall be determined as if the Revolving Loan Exposures and the Term Loan Exposures had not been repaid,
collateralized, or terminated and shall be based upon the Revolving Loan Exposures and Term Loan Exposures as they existed immediately prior to their repayment, collateralization, or termination. 

“Required Lenders” means, at any time, Lenders whose aggregate Pro Rata Shares (calculated under clause (d) of the
definition of Pro Rata Shares) exceed 50%; provided, however, that at any time Revolver Commitments exist or there are any outstanding Obligations to any Revolving Lender or its Affiliates, “Required Lenders” means Revolving
Lenders whose Pro Rata Shares (calculated under clause (a) of the definition of Pro Rata Shares) exceed 50% (provided that at any time there are two or more Revolving Lenders, “Required Lenders” under this proviso must include at
least two Revolving Lenders. 
 “UK Collateral Documents” means each of: 

 

	 	(a)	the debenture dated August 2, 2006 entered into among (1) Bookham Technology plc, (2) Bookham Nominees Limited, and (3) Agent;

  

	 	(b)	the debenture dated July 21, 2010 entered into between (1) Oclaro Innovations LLP and (2) Agent; 

  
 13 

 Execution Version 

 

	 	(c)	the debenture dated July 26, 2011 entered into among (1) Borrower, (2) Bookham Nominees Limited, (3) Parent, (4) Oclaro (North America) Inc.,
(5) Oclaro Innovations LLP, and (6) Agent; and 

  

	 	(d)	the debenture dated on or about the Second Amendment Effective Date entered into among (1) Borrower, (2) Bookham Nominees Limited, (3) Parent,
(4) Oclaro (North America) Inc., (5) Oclaro Innovations LLP, and (6) Agent. 

 (ddd) Schedule
1.1 of the Credit Agreement is hereby amended by adding the following new definitions in alphabetical order: 

“Agreement Among Lenders” means that certain Agreement Among Lenders among WFCF, Silicon Valley Bank, and Term Loan
Lenders, dated as of the Second Amendment Effective Date. 
 “Applicable Margin” means, as of any date of
determination and with respect to Base Rate Loans or LIBOR Rate Loans, as applicable, the applicable margin set forth in the following table that corresponds to the Average Quarterly Excess Availability for the most recently completed fiscal
quarter: 
  

							
	 Level
	  	 Average Quarterly Excess Availability
	  	 Applicable Margin Relative to Base Rate Loans
(the “Base Rate
Margin”)
	  	 Applicable Margin Relative to LIBOR Rate
Loans (the “LIBOR Rate
Margin”)

				
	I	  	3 50% of the Maximum Revolver Amount	  	1.00 percentage points	  	2.25 percentage points
				
	II	  	< 50% of the Maximum Revolver Amount and 3 25% of the Maximum Revolver Amount	  	1.25 percentage points	  	2.50 percentage points
				
	III	  	< 25% of the Maximum Revolver Amount	  	1.50 percentage points	  	2.75 percentage points

 Except as set forth in the foregoing proviso, the Applicable Margin shall be re-determined quarterly on
the first day of each calendar quarter based on Average Quarterly Excess Availability for the immediately preceding calendar quarter determined upon receipt of the Borrowing Base Certificate for the last month of such calendar quarter pursuant to
Section 5.2; provided, however, that if Borrower fails to provide any Borrowing Base Certificate when such Borrowing Base Certificate is to be delivered pursuant to Section 5.2, the Applicable Margin shall be set at
the margin in the row styled “Level III” as of the first day of the month following the date on which the applicable Borrowing Base Certificate was required to be delivered until the date on which such Borrowing Base Certificate is
delivered on which date (but not retroactively), without constituting a waiver of any Default or Event of Default occasioned by the failure to timely deliver such Borrowing Base Certificate, the Applicable Margin shall be set at the margin based
upon the Average Quarterly Excess Availability disclosed by such Borrowing Base Certificate, if applicable. In the event that the calculation Average Quarterly Excess Availability on which the applicable interest rate or fee for an particular period
was determined is inaccurate, and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin for any period (an “Applicable Period”) than the Applicable Margin actually applied for such Applicable
Period, then (i) Borrowers shall immediately deliver to Agent a correct Borrowing Base Certificate for such Applicable Period, (ii) the Applicable Margin shall be determined as if the correct Applicable Margin (as set forth in the table
above) were applicable for such Applicable Period, and (iii) Borrowers shall immediately deliver to Agent full payment in respect of the accrued additional interest, if any, as a result of such increased Applicable Margin for such Applicable
Period, which payment shall be promptly applied by Agent to the affected Obligations. 

  
 14 

 Execution Version 

 

 “Availability Block” means $20,000,000. 

“Cash Term Loan Interest Rate” means, as of any date of determination, the rate corresponding to such date of
determination in the following table: 
  

					
	 Period
	  	Cash Term Loan
Interest Rate	 
	 Second Amendment Effective Date up to but excluding the date 6 months thereafter (“6 Month Date”)
	  	 	7.0	% 
	 6 Month Date up to but excluding the date 12 months after the Second Amendment Effective Date (“12 Month
Date”)
	  	 	8.5	% 
	 12 Month Date and thereafter
	  	 	10.0	% 

 “Commitment” means, with respect to each Lender, its Revolver Commitment or its Term Loan
Commitment, as the context requires, and, with respect to all Lenders, their Revolver Commitments or their Term Loan Commitments, as the context requires, in each case as such Dollar amounts are set forth beside such Lender’s name under the
applicable heading on Schedule C-1 to the Agreement or in the Assignment and Acceptance pursuant to which such Lender became a Lender under the Agreement, as such amounts may be reduced or increased from time to time pursuant to assignments made in
accordance with the provisions of Section 13.1 of the Agreement. 
 “Exempted Proceeds” means the
proceeds of (a) the sale of the equity of ClariPhy Communications, Inc. and related rights held by Parent, (b) the transactions described in clauses (m), (n), (q), or (s) of the definition of “Permitted Dispositions”,
(c) Qualified Cash, or (d) the Term Loans held in the Term Loan Designated Account. 
 “Line Block”
means $10,000,000. 
 “Milestone Date” means July 15, 2013. 

“Net Proceeds” means the aggregate cash proceeds received by the Parent and its Subsidiaries in respect of any Strategic
Transaction (including, without limitation, any cash received upon the sale or other disposition of any non-cash consideration or cash equivalents received substantially concurrently in any Strategic Transaction), net of the direct costs relating to
such Strategic Transaction, including, without limitation, legal, accounting and investment banking fees, and sales commissions, directly incurred as a result of the Strategic Transaction, taxes paid or payable as a result of the Strategic
Transaction. 

  
 15 

 Execution Version 

 

 “PIK Term Loan Interest Rate” means, as of any date of determination,
the rate corresponding to such date of determination in the following table: 
  

					
	 Period
	  	PIK Term Loan
Interest Rate	 
	 Second Amendment Effective Date up to but excluding the date 6 months thereafter (“6 Month Date”)
	  	 	2.0	% 
	 6 Month Date up to but excluding the date 12 months after the Second Amendment Effective Date (“12 Month
Date”)
	  	 	4.0	% 
	 12 Month Date and thereafter
	  	 	5.0	% 

 “Revolving Lender” means a Lender that has a Revolver Commitment or that has an
outstanding Advance. 
 “Revolving Loan Exposure” means, with respect to any Revolving Lender, as of any date of
determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the
Advances of such Lender. 
 “Second Amendment” means the Amendment Number Two to Second Amended and Restated
Credit Agreement and Amended and Restated Security Agreements and Amendment Number One to Amended and Restated Guaranties dated as of the Second Amendment Effective Date, among the Agent, Lenders, Parent, Borrower, and the Guarantors identified on
the signature pages thereto 
 “Second Amendment Effective Date” means May 6, 2013. 

“Strategic Transaction” means (a) a disposition in one or more transactions of non-core assets of Parent and its
Subsidiaries which are unrelated to Parent’s or its Subsidiaries’ Industrial and Consumer Business that is conducted principally at locations in Zurich, Switzerland and Komoro, Japan, so long as the aggregate sale price of all such
dispositions (including any deferred purchase price payment) pursuant to this clause (a) at no time exceeds $10,000,000, (b) a disposition (whether directly or through a sale of interests in one or more entities) of all or a portion of
Parent’s and its Subsidiaries’ Industrial and Consumer Business consisting of the business conducted at its locations in Zurich, Switzerland and related assets located there and elsewhere (which related assets may include the 980 nm pumps
or the business conducted at locations in Komoro, Japan) in a single transaction that results in aggregate Net Proceeds received by Parent or its Subsidiaries of not less than $100,000,000, or (c) any other disposition, in one or more
transactions, of the assets of Parent and its Subsidiaries which are approved by Supermajority Lenders; provided, that such approval will not be conditioned upon the application of the Net Proceeds of such disposition in any manner other than as set
forth in Section 2.4(b). 

  
 16 

 Execution Version 

 

 “Supermajority Lenders” means, at any time, Lenders whose aggregate Pro
Rata Shares (calculated under clause (d) of the definition of Pro Rata Shares) exceed 66 2/3%; provided, however, that at any time there are 2 or more Lenders, “Supermajority Lenders” must include at least 2 Lenders.

 “Term Loan” has the meaning specified therefor in Section 2.2 of the Agreement. 

“Term Loan Amount” means $25,000,000. 
 “Term Loan Commitment” means, with respect to each Lender, its Term Loan Commitment, and, with respect to all Lenders, their Term Loan Commitments, in each case as such Dollar amounts are
set forth beside such Lender’s name under the applicable heading on Schedule C-1 to the Agreement or in the Assignment and Acceptance pursuant to which such Lender became a Lender under the Agreement, as such amounts may be reduced or
increased from time to time pursuant to assignments made in accordance with the provisions of Section 13.1 of the Agreement. 
 “Term Loan Designated Account” means a Deposit Account of Borrower subject to a Control Agreement in favor of Agent. 

“Term Loan Exposure” means, with respect to any Term Loan Lender, as of any date 

of determination (a) prior to the funding of the Term Loans, the amount of such Lender’s Term Loan Commitment, and
(b) after the funding of the Term Loans, the outstanding principal amount of the Term Loans held by such Lender. 

“Term Loan Lender” means a Lender that has a Term Loan Commitment or that has a portion of the Term Loan. As of the
Second Amendment Effective Date, the Term Loan Lenders are PECM Strategic Funding L.P. and Providence TMT Debt Opportunity Fund II L.P. 
 “Term Loan Maturity Date” means May 5, 2014. 

“Warrants” means the 1,836,000 warrants to purchase common stock of the Parent issued to PECM Strategic Funding L.P. and
Providence TMT Debt Opportunity Fund II L.P. by Parent on the Second Amendment Effective Date. 
 (eee) Schedule 5.2 of
the Credit Agreement is hereby amended by deleting it in its entirety and replacing it with the Schedule 5.2 attached hereto. 
 (fff) Schedule C-1 of the Credit Agreement is hereby amended by deleting it in its entirety and replacing it with the Schedule C-1 attached hereto. 

3. AMENDMENTS TO DOMESTIC SECURITY AGREEMENT AND FOREIGN SECURITY AGREEMENT. 

(a) Section 1 of each of the Domestic Security Agreement and Foreign Security Agreement is hereby amended by adding the
following new definitions in alphabetical order: 

  
 17 

 Execution Version 

 

 “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C.
§ 1 et seq.), as amended from time to time, and any successor statute. 
 “Excluded Swap Obligation” means,
with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the Guaranty of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guaranty thereof) is
or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason
to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the Guaranty of such Guarantor or the grant of such security interest becomes effective with respect to
such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such Guaranty or security
interest is or becomes illegal. 
 “Qualified ECP Guarantor” means, in respect of any Swap Obligation, each
Grantor that has total assets exceeding $10,000,000 at the time the relevant guaranty, keepwell, or grant of the relevant security interest becomes effective with respect to such Swap Obligation or such other person as constitutes an “eligible
contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under
Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Swap Obligation” means, with respect to any
Grantor, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

(b) The definition of “Secured Obligations” in Section 1 of each of the Domestic Security Agreement and Foreign
Security Agreement is hereby amended by adding the following proviso to the end of such definition: 
 “provided
that, anything to the contrary contained in the foregoing notwithstanding, the Secured Obligations shall exclude any Excluded Swap Obligation.” 
 (c) Clause (m) in Section 2 of each of the Domestic Security Agreement and Foreign Security Agreement is hereby amended by deleting clause (ii) of the second sentence thereof (for
the avoidance of doubt, such sentence beginning with the word “Notwithstanding”) and replacing such clause with “(ii) voting Stock of any CFC, solely to the extent that pledging or hypothecating the total outstanding voting Stock of
such CFC would result in adverse tax consequences or the costs to the Grantors of providing such pledge or perfecting the security interests created thereby are unreasonably excessive (as determined by Agent in consultation with Borrower) in
relation to the benefits of Agent and the Lenders of the security or guarantee afforded thereby (which pledge, if reasonably requested by Agent, shall be governed by the laws of the jurisdiction of such Subsidiary) (for the avoidance of doubt, the
Collateral shall include all of the voting Stock of any Subsidiary organized under the laws of Switzerland),”. 

  
 18 

 Execution Version 

 

 (d) Section 6(k)(ii) of each of the Domestic Security Agreement and Foreign
Security Agreement is hereby amended by deleting each such clause therein and replacing them with the following: 
 “(ii)
Each Grantor who maintains any cash balances shall establish and maintain Controlled Account Agreements with Agent and the applicable Controlled Account Bank, in form and substance reasonably acceptable to Agent. Each such Controlled Account
Agreement shall provide, among other things, that (A) the Controlled Account Bank will comply with any instructions originated by Agent directing the disposition of the funds in such Controlled Account without further consent by the applicable
Grantor, (B) the Controlled Account Bank waives, subordinates, or agrees not to exercise any rights of setoff or recoupment or any other claim against the applicable Controlled Account other than for payment of its service fees and other
charges directly related to the administration of such Controlled Account and for returned checks or other items of payment, and (C) (1) with respect to Controlled Accounts of Borrower, the Controlled Account Bank will forward by daily
sweep all amounts in the applicable Controlled Account to the Agent’s Account, (2) with respect to Controlled Accounts of Opnext, Inc., Pine Photonics Communications, Inc., and Opnext Subsystems Inc. (such Controlled Accounts, and any
replacement or successor Controlled Accounts, the “Opnext Accounts”), upon the occurrence of a Triggering Event, unless otherwise instructed by all Lenders, Agent shall instruct the Controlled Account Bank (an “Activation
Instruction”), subject to the immediately succeeding sentence, to forward by daily sweep all amounts in the applicable Controlled Account to the Agent’s Account, and (3) with respect to Controlled Accounts of any non-Borrower
Grantor (other than the Opnext Accounts), upon the occurrence of a Triggering Event, Agent may (or shall at the request of Required Lenders) issue an Activation Instruction, subject to the immediately succeeding sentence, instructing the Controlled
Account Bank to forward by daily sweep all amounts in the applicable Controlled Account to the Agent’s Account. Agent agrees (I) not to issue an Activation Instruction with respect to such Controlled Accounts unless a Triggering Event has
occurred at the time such Activation Instruction is issued and (II) with respect to amounts swept from the Opnext Accounts in accordance with this section, Agent may elect to return such swept amounts to a Deposit Account designated by Grantors
(such Deposit Accounts are required to be subject to Agent’s Lien) in lieu of application to the Obligations in accordance with Section 2.4 of the Credit Agreement. Agent agrees to use commercially reasonable efforts to rescind an
Activation Instruction (the “Rescission”) if: (x) the Triggering Event upon which such Activation Instruction was issued has been waived in writing in accordance with the terms of the Credit Agreement, and (y) no
additional Triggering Event has occurred and is continuing prior to the date of the Rescission or is reasonably expected to occur on or immediately after the date of the Rescission.” 
 4. AMENDMENTS TO THE GUARANTIES. 
 (a)
Section 1 of each of the Domestic Guaranty and Foreign Guaranty is hereby amended by adding the following new definitions in alphabetical order: 
 “Commodity Exchange Act” has the meaning specified therefor in the Security Agreement. 
 “Excluded Swap Obligation” has the meaning specified therefor in the Security Agreement. 
 “Qualified ECP Guarantor” has the meaning specified therefor in the Security Agreement. 
 “Swap Obligation” has the meaning specified therefor in the Security Agreement. 

  
 19 

 Execution Version 

 

 (b) The definition of “Guarantied Obligations” in Section 1 of
each of the Domestic Guaranty and Foreign Guaranty is hereby amended by adding the following proviso to the end of such definition: 
 “provided that, anything to the contrary contained in the foregoing notwithstanding, the Guarantied Obligations shall exclude any Excluded Swap Obligation.” 

(c) Each of the Domestic Guaranty and Foreign Guaranty shall be amended by adding the following new Section 23 to each of such
Guaranties: 
 “22. Keepwell. Each Qualified ECP Guarantor hereby jointly and severally absolutely,
unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each other Guarantor to guaranty and otherwise honor all Obligations in respect of Swap Obligations (provided, however, that each
Qualified ECP Guarantor shall only be liable under this Section 23 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 23, or otherwise under the Loan
Documents, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each Qualified ECP Guarantor under this Section shall remain in full force and effect until
payment in full of the Guarantied Obligations. Each Qualified ECP Guarantor intends that this Section 23 constitute, and this Section 23 shall be deemed to constitute, a “keepwell, support, or other agreement” for
the benefit of each other Guarantor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.” 
 5.
REPRESENTATIONS AND WARRANTIES. Parent, Borrower, and each Grantor each hereby affirms to Agent and Lenders that, after giving effect to the amendments herein, all of its representations and warranties set forth in the Credit Agreement
and Security Agreements are true, complete and accurate in all respects as of the date hereof. 
 6. NO DEFAULTS.
Parent, Borrower, and each Grantor each hereby affirm to the Lender Group that no Event of Default has occurred and is continuing as of the date hereof. 
 7. CONDITIONS PRECEDENT. The effectiveness of this Amendment is expressly conditioned upon receipt by Agent of: 
 (a) revised schedules to the Credit Agreement and each Security Agreement, in form and substance acceptable to each of Agent and Term Loan Lender; 

(b) issuance of the Warrants to each of the Term Loan Lenders; 
 (c) an opinion of Borrower’s counsel and Agent’s English counsel in form and substance satisfactory to Agent and Term Loan Lender; 

(d) a certificate from a Director of Borrower (i) attesting to the resolutions of Borrower’s Board of Directors authorizing its
execution, delivery, and performance of this Amendment and the other Loan Documents to which Borrower is a party, (ii) authorizing specific officers of Borrower to execute the same, and (iii) attesting to the incumbency and signatures of
such specific officers of Borrower, in each case, in form and substance acceptable to each of Agent and the Term Loan Lender; 

(e) a certificate from the Secretary (or other applicable officer) of each Grantor (i) attesting to the resolutions of such
Grantor’s Board of Directors (or other applicable authorizing body) authorizing its execution, delivery, and performance of the Loan Documents to which such Grantor is a party, (ii) authorizing specific officers of such Grantor to execute
the same and (iii) attesting to the incumbency and signatures of such specific officers of Grantor, in each case, in form and substance acceptable to each of Agent and the Term Loan Lender; 

  
 20 

 Execution Version 

 

 (f) a closing certificate with respect to the Solvent status of each Loan Party, no
Material Adverse Change, and no conflict with applicable law, Material Contracts, or Governing Documents, in form and substance acceptable to each of Agent and the Term Loan Lender; and 

(g) a fully executed copy of this Amendment, the Reaffirmation of Guaranty attached hereto, a reaffirmation of the Loan Documents, the
Agreement Among Lenders, the English law debenture among Borrower, Parent, Agent, Bookham Nominees Limited, Oclaro (North America) Inc., and Oclaro Innovations LLP, in each case, and the Registration Rights Agreement among the Parent and the Term
Loan Lenders, in form and substance acceptable to each of Agent and the Term Loan Lender. 
 8. RELEASE. 

(a) Except with respect to the rights of Borrower, Parent, and each Grantor expressly provided herein, in consideration of the agreements
of Agent and each Lender contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each of Borrower, Parent, and each Grantor, on behalf of itself and its successors, assigns and
other legal representatives (each of Borrower, Parent, and each Grantor and all such other persons being hereinafter referred to collectively as “Releasors” and individually as a “Releasor”), hereby absolutely,
unconditionally and irrevocably releases, remises and forever discharges Agent and each Lender, and their successors and assigns, and their present and former shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers,
attorneys, employees, agents and other representatives (Agent and each Lender and all such other persons being hereinafter referred to collectively as “Releasees” and individually as a “Releasee”), of and from all
demands, actions, causes of action, suits, covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims, defenses, rights of
set-off, demands and liabilities whatsoever (individually, a “Claim” and collectively, “Claims”) of every name and nature, known or unknown, suspected or unsuspected, both at
law and in equity, which Releasors may now or hereafter own, hold, have or claim to have against Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the day
and date of this Amendment, for or on account of, or in relation to, or in any way in connection with any of the Credit Agreement or any of the other Loan Documents or transactions thereunder or related thereto. 

(b) It is the intention of each of Borrower, Parent, and each Grantor that this Amendment and the release set forth above shall constitute
a full and final accord and satisfaction of all claims they may have or hereafter be deemed to have against Releasees as set forth herein. In furtherance of this intention, each of Borrower, Parent, and each Grantor, on behalf of itself and each
other Releasor, expressly waives any statutory or common law provision that would otherwise prevent the release set forth above from extending to claims that are not currently known or suspected to exist in any Releasor’s favor at the time of
executing this Amendment and which, if known by Releasors, might have materially affected the agreement as provided for hereunder. Each of Borrower, Parent, and each Grantor, on behalf of itself and each other Releasor, acknowledges that it is
familiar with Section 1542 of California Civil Code: 
 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH
THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. 

Each of Borrower, Parent, and each Grantor, on behalf of itself and each other Releasor, waives and releases any rights or benefits that it may have
under Section 1542 to the full extent that it may lawfully waive such rights and benefits, and each of Borrower, Parent, and each Grantor, on behalf of itself and each other Releasor, acknowledges that it understands the significance and
consequences of the waiver of the provisions of Section 1542 and that it has been advised by its attorney as to the significance and consequences of this waiver. 

  
 21 

 Execution Version 

 

 (c) Each of Borrower, Parent, and each Grantor understands, acknowledges and agrees that
the release set forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such
release. 
 (d) Each of Borrower, Parent, and each Grantor agrees that no fact, event, circumstance, evidence or transaction
which could now be asserted or which may hereafter be discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth above. 
 9. COSTS AND EXPENSES. Borrower shall pay to Agent all of Agent’s and Lenders’ out-of-pocket costs and reasonable expenses (including, without limitation, the fees and expenses of
its counsel, which counsel may include any local counsel deemed necessary, search fees, filing and recording fees, documentation fees, appraisal fees, travel expenses, and other fees) arising in connection with the preparation, execution, and
delivery of this Amendment and all related documents. 
 10. LIMITED EFFECT. In the event of a conflict between the terms and
provisions of this Amendment and the terms and provisions of the Credit Agreement, the terms and provisions of this Amendment shall govern. In all other respects, the Credit Agreement, as amended and supplemented hereby, shall remain in full force
and effect. 
 11. COUNTERPARTS; EFFECTIVENESS. This Amendment may be executed in any number of counterparts and by different
parties on separate counterparts, each of which when so executed and delivered shall be deemed to be an original. All such counterparts, taken together, shall constitute but one and the same Amendment. This Amendment shall become effective upon the
execution of a counterpart of this Amendment by each of the parties hereto and the satisfaction of the condition precedent in Section 7 above. 
 12. CLARIPHY CONSENT. The parties agree that the terms and conditions set forth in that certain Consent Letter Re: ClariPhy Sale dated April 26, 2013 from Agent and acknowledged by
Grantors is and shall remain in full effect. 
 [Signatures on next page] 

  
 22 

 Execution Version 

 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first
set forth above. 
  

			
	WELLS FARGO CAPITAL FINANCE, INC.,
	a California corporation, as Agent and a Lender
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Amendment Number Two to Second Amended and Restated Credit Agreement and Amended and Restated
Security 
 Agreements and Amendment Number One to Amended and Restated Guaranties 

 Execution Version 

 

 
			
	SILICON VALLEY BANK,
	as a Lender
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Amendment Number Two to Second Amended and Restated Credit Agreement and Amended and Restated
Security 
 Agreements and Amendment Number One to Amended and Restated Guaranties 

 Execution Version 

 

 
			
	PECM STRATEGIC FUNDING LP,
	as a Term Loan Lender
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	 PROVIDENCE TMT DEBT
 OPPORTUNITY FUND II LP,

	as a Term Loan Lender
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Amendment Number Two to Second Amended and Restated Credit Agreement and Amended and Restated
Security 
 Agreements and Amendment Number One to Amended and Restated Guaranties 

 Execution Version 

 

 
			
	OCLARO, INC.,
	a Delaware corporation, as Parent and a Grantor
		
	By:	 	  

	Name:	 	Jerry Turin
	Title:	 	Chief Financial Officer
	
	OCLARO TECHNOLOGY LIMITED,
	 a company incorporated under the laws of
 England and Wales, as Borrower and a Grantor

		
	By:	 	  

	Name:	 	Jerry Turin
	Title:	 	Director
		
	By:	 	  

	Name:	 	Catherine H. Rundle
	Title:	 	Director

 Amendment Number Two to Second Amended and Restated Credit Agreement and Amended and Restated
Security 
 Agreements and Amendment Number One to Amended and Restated Guaranties 

 Execution Version 

 

 
			
	OCLARO TECHNOLOGY, INC.,
	a Delaware corporation, as a Grantor
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	OCLARO (NEW JERSEY), INC.,
	a Delaware corporation, as a Grantor
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	OCLARO PHOTONICS, INC.,
	a Delaware corporation, as a Grantor
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	OCLARO (NORTH AMERICA), INC.,
	a Delaware corporation, as a Grantor
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	MINTERA CORPORATION,
	a Delaware corporation, as a Grantor
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Amendment Number Two to Second Amended and Restated Credit Agreement and Amended and Restated
Security 
 Agreements and Amendment Number One to Amended and Restated Guaranties 

 Execution Version 

 

 
			
	OPNEXT, INC.,
	a Delaware corporation, as a Grantor
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	PINE PHOTONICS COMMUNICATIONS, INC.,
	a Delaware corporation, as a Grantor
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	OPNEXT SUBSYSTEMS INC.,
	a Delaware corporation, as a Grantor
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Amendment Number Two to Second Amended and Restated Credit Agreement and Amended and Restated
Security 
 Agreements and Amendment Number One to Amended and Restated Guaranties 

 Execution Version 

 

 
			
	BOOKHAM INTERNATIONAL LTD.,
	 a company organized under the laws of the
 Cayman Islands, as a Grantor

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	BOOKHAM NOMINEES LIMITED,
	 a company incorporated under the laws of England
 and Wales, as a Grantor

		
	By:	 	  

	Name:	 	  

	Title:	 	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	OCLARO (CANADA) INC.,
	 a federally incorporated Canadian corporation,
 as a Grantor

		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Amendment Number Two to Second Amended and Restated Credit Agreement and Amended and Restated
Security 
 Agreements and Amendment Number One to Amended and Restated Guaranties 

 Execution Version 

 

 
					
	OCLARO INNOVATIONS LLP,
	 a limited liability partnership organized under the
 laws of England and Wales, as a Grantor

		
	By:	 	Oclaro, Inc.,
		 	its member
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
	By:	 	Oclaro (North America), Inc.,
		 	its member
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

 Amendment Number Two to Second Amended and Restated Credit Agreement and Amended and Restated
Security 
 Agreements and Amendment Number One to Amended and Restated Guaranties 

 Execution Version 

 

 SCHEDULE C-1 

Commitments 
  

													
	 Lender
	  	Revolver
Commitment*	 	  	Term Loan
Commitment	 	  	Total
Commitment	 
	 Wells Fargo Capital Finance, Inc.
	  	$	31,250,000	  	  	$	0	  	  	$	31,250,000	  
	 Silicon Valley Bank
	  	$	18,750,000	  	  	$	0	  	  	$	18,750,000	  
	 PECM Strategic Funding LP
	  	$	0	  	  	$	9,000,000	  	  	$	9,000,000	  
	 Providence TMT Debt Opportunity Fund II LP
	  	$	0	  	  	$	16,000,000	  	  	$	16,000,000	  
	 All Lenders
	  	$	50,000,000	  	  	$	25,000,000	  	  	$	75,000,000	  

  

	*	Upon Agent’s receipt of the Net Proceeds of each Strategic Transaction pursuant to Section 5.20, each Revolving Lender’s respective Revolver
Commitment shall be reduced dollar-for-dollar in an aggregate amount not to exceed $20,000,000 in accordance with such Revolving Lender’s Pro Rata Share of the amount of such Net Proceeds. 

  
 Schedule C-1

 Execution Version 

 

 SCHEDULE 5.2 

Provide Agent (and if so requested by Agent, with copies for each Lender) with each of the documents set forth below at the following
times in form satisfactory to Agent: 
  

			
	Weekly by the 3rd Business Day of each week	    	 (a) an Account roll-forward with supporting details supplied from sales journals, collection journals, credit
registers and any other records, in each case, in a format acceptable to Agent in its discretion, tied to the beginning and ending account receivable balances of Borrower’s general ledger,

 
 (b) a detailed report, including a rolling 13-week cash flow
forecast, regarding Parent’s and its Subsidiaries’ cash and Cash Equivalents, including an indication of which amounts constitute Qualified Cash;
  

(c) a Borrowing Base Certificate,
  

(d) a detailed aging, by total, of Borrower’s Accounts , together with a reconciliation and supporting documentation for any
reconciling items noted (delivered electronically in an acceptable format, if Borrowers have implemented electronic reporting),
  

(e) a detailed calculation of those Accounts that are not eligible for the Borrowing Base, if Borrowers have not implemented
electronic reporting,
  
 (f) a summary aging, by vendor,
of Parent’s and its Subsidiaries’ accounts payable and any book overdrafts (delivered electronically in an acceptable format, if Borrowers have implemented electronic reporting) and an aging, by vendor, of any held
checks

		
	Monthly (no later than the 10th day of each month)	    	 (g) unless delivered pursuant to clause (a) above, an Account roll-forward with supporting details supplied from
sales journals, collection journals, credit registers and any other records, in each case, in a format acceptable to Agent in its discretion, tied to the beginning and ending account receivable balances of Borrower’s general ledger,

 
 (h) unless delivered pursuant to clause (b) above, a detailed
report regarding Parent’s and its Subsidiaries’ cash and Cash Equivalents, including an indication of which amounts constitute Qualified Cash,
  

(i) notice of all claims, offsets, or disputes asserted by Account Debtors with respect to Parent’s and its Subsidiaries’
Accounts, and
  
 (j) unless delivered pursuant to clause
(c) above, a Borrowing Base Certificate,
  
 (k) unless
delivered pursuant to clause (d) above, a detailed aging, by total, of Borrower’s Accounts, together with a reconciliation and supporting documentation for any reconciling items noted (delivered electronically in an acceptable format, if
Borrowers have implemented electronic reporting),
  
 (l)
unless delivered pursuant to clause (e) above, a detailed calculation of those Accounts that are not eligible for the Borrowing Base, if Borrowers have not implemented electronic reporting,

 
 (m) unless delivered pursuant to clause (f) above, a summary
aging, by vendor, of Parent’s and its Subsidiaries’ accounts payable and any book overdrafts (delivered electronically in an acceptable format, if Borrowers have implemented electronic reporting) and an aging, by vendor, of any held
checks, and
  
 (n) a monthly Account
roll-forward,.

  
 Schedule 5.2

 Execution Version 

 

			
		
	Monthly (no later than the 30th day of each month)	    	 (o) a reconciliation of Accounts of Borrower’s general ledger accounts and trade accounts payable of Parent
and its Subsidiaries’ general ledger accounts to, in each case, their monthly financial statements including any book reserves related to each category, and
  

(p) a report regarding Parent’s and its Subsidiaries’ accrued, but unpaid, ad valorem taxes.

		
	Quarterly	    	 (q) a detailed report regarding Parent’s and its Subsidiaries’ Permitted Dispositions including a detailed list of the assets sold or
disposed of since the Closing Date and the consideration received in connection therewith.

		
	Annually	    	 (r) a detailed list of Parent’s and its Subsidiaries’ customers, including contract expiration dates, together with address and contact
information.

		
	Upon request by Agent	    	 (s) copies of invoices together with corresponding shipping and delivery documents, and credit memos together
with corresponding supporting documentation, with respect to invoices and credit memos in excess of an amount determined in the sole discretion of Agent, from time to time.

 
 (t) such other reports as to the Collateral or the financial
condition of Parent and its Subsidiaries, as Agent may reasonably request.

  
 Schedule 5.2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00221-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00221-of-00352.parquet"}]]