Document:

Exhibit

Ciena Corporation
Amended and Restated 2003 Employee Stock Purchase Plan
Enrollment Form 
& 
Supplemental Term and Notifications for International Employees

The Amended and Restated 2003 Employee Stock Purchase Plan (“ESPP”) is made available to eligible employees of Ciena Corporation (“Ciena”) and its participating Affiliates. The Compensation Committee of the Board of Directors of Ciena may in its absolute discretion limit eligibility and participation of certain Ciena subsidiaries and their employees.

A description of the ESPP can be found in the Prospectus and other materials available on myCiena and the ESPP enrollment platform. By enrolling in the ESPP, you acknowledge receipt of the ESPP, Prospectus and this “Enrollment Form” (which includes the additional country-specific terms in Appendix A attached hereto) and agree to be bound by the terms thereof as a condition of enrollment.

Employees outside of the U.S., or who are subject to tax jurisdictions outside the U.S., should carefully evaluate their participation in this U.S.-based program to ensure they understand its impact on their personal income tax situations. Additional terms for international employees are set forth below in addition to any country-specific appendix.  Capitalized terms not defined herein shall have the meanings assigned to such terms in the ESPP and the Prospectus.

Contribution Limits
Each pay period, employees may contribute up to 10% of eligible base compensation for payroll deductions under the ESPP.  In either case, an employee will not be allowed to purchase more than USD 25,000 worth of Common Stock in a calendar year based on the fair market value of Ciena’s Common Stock on an employee’s Offer Date.  If an employee purchases the maximum number of shares of Common Stock allowed before using all of the funds they have contributed to the ESPP, excess payroll deductions will be refunded to the employee.

Payroll Deductions 
Many employees outside of the U.S. are paid at the end of each month. Contributions for the U.S.-based June purchase will be withheld from amounts received in the international December through May payrolls on a monthly basis.  Contributions for the December purchase will be withheld from amounts received in the international June - November payrolls on a monthly basis.

Exchange Rate
ESPP contributions in non-U.S. dollars will be converted to U.S. dollars at the end of each Purchase Period using the exchange rate in effect at the end of the fiscal month immediately preceding the Purchase Date.  For example, the exchange rate in effect on May 26, 2017, would be used for the June 15, 2017, ESPP purchase.  Neither Ciena nor any participating Affiliate shall be liable for any foreign exchange rate fluctuation between the local currency of the employee’s employer (“Employer”) and the U.S. dollar that may affect (i) the conversion of the employee’s ESPP contributions to purchase shares of Common Stock; (ii) the proceeds due to the employee upon purchase of the shares of Common Stock; or (iii) the sale of the shares of Common Stock acquired at purchase.

Sale of Shares of Common Stock Acquired through the ESPP
Shares of Common Stock acquired through the ESPP are placed in a limited purpose brokerage account with E*TRADE Securities, LLC (E*TRADE).  E*TRADE will e-mail a Welcome Packet to newly enrolled ESPP participants prior to their first purchase.  Before the employee will be allowed to sell shares of Common Stock acquired through the ESPP, he or she must complete and return the required tax identification and account set-up forms with original signatures to E*TRADE.  Questions about these forms and the sale process should be directed to E*TRADE Securities, LLC at:  001-800-775-2793.

Responsibility for Taxes
Regardless of any action Ciena and/or the Employer takes with respect to any or all income tax, social insurance, payroll tax, payment on account or other tax-related items related to the employee’s participation in the ESPP and legally applicable to the employee (“Tax-Related Items”), the employee acknowledges that the ultimate liability for all Tax-Related Items is and remains his or her responsibility and may exceed the amount, if any, actually withheld by Ciena or the Employer.  The employee further acknowledges that Ciena and/or the Employer (1) make no representations or undertakings regarding the treatment of any Tax-

Related Items in connection with any aspect of the ESPP, including but not limited to, the purchase of shares of Common Stock, the issuance of shares of Common Stock pursuant to the purchase, the sale of shares of Common Stock acquired under the ESPP, or the receipt of any dividends; and (2) do not commit to and are under no obligation to structure the terms of the grant or any aspect of  the employee’s ESPP participation to reduce or eliminate the employee’s liability for Tax-Related Items or achieve any particular tax result.  Further, if the employee has become subject to tax in more than one jurisdiction, the employee acknowledges that Ciena and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction.

Prior to any relevant taxable or tax withholding event, the employee will pay or make adequate arrangements satisfactory to Ciena and/or the Employer to satisfy all Tax-Related Items.  In this regard, the employee authorizes Ciena and/or the Employer, or their respective agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by one or a combination of the following:

(1)    requiring the employee to pay an amount necessary to pay the Tax-Related Items to Ciena and/or the Employer in the form of cash, check or other cash equivalent; or

(2)    withholding from the employee’s wages or other cash compensation paid to the employee by Ciena and/or the Employer; or

(3)    withholding from proceeds of the sale of shares of Common Stock acquired upon purchase either through a voluntary sale or through a mandatory sale arranged by Ciena (on employee’s behalf pursuant to this authorization); or 

(4)    withholding in shares of Common Stock to be issued upon purchase.

If the employee is subject to the short-swing profit rules of Section 16(b) of the U.S. Securities and Exchange Act of 1934, as amended, then the Committee shall establish the method of withholding from alternatives (1) - (4) above.

Ciena may withhold or account for Tax-Related Items by considering applicable withholding rates, including maximum applicable rates to the extent permitted by the ESPP, in which case the employee may receive a refund of any over-withheld amount in cash and will have no entitlement to the Common Stock equivalent.  If the obligation for Tax-Related Items is satisfied by withholding in shares of Common Stock, for tax purposes, employee is deemed to have been issued the full number of shares of Common Stock subject to the purchase, notwithstanding that a number of the shares of Common Stock are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of the employee’s participation in the ESPP.

Finally, the employee shall pay to Ciena or the Employer any amount of Tax-Related Items that Ciena or the Employer may be required to withhold or account for as a result of the employee’s participation in the ESPP that cannot be satisfied by the means previously described.  Ciena may refuse to purchase or deliver the shares of Common Stock or the proceeds of the sale of shares of Common Stock, if employee fails to comply with his or her obligations in connection with the Tax-Related Items.

Nature of Grant

By enrolling and participating in the ESPP, the employee acknowledges, understands and agrees that:

(a)    the ESPP is established voluntarily by Ciena, it is discretionary in nature, and it may be modified, amended, suspended, or terminated by Ciena at any time as described in the ESPP;

(b)    the grant of the offer to purchase Common Stock under the ESPP (“Purchase Right”) is voluntary and occasional and does not create any contractual or other right to participate in any future ESPP offerings, or benefits in lieu of the ESPP, even if the ESPP has been granted in the past; 

(c)    all decisions with respect to future ESPP offerings, if any, will be at the sole discretion of Ciena; 

(d)    the employee’s participation in the ESPP shall not create a right to further employment with the Employer and shall not interfere with the ability of the Employer to terminate employee’s employment or service relationship at any time; 

(e)    the employee is voluntarily participating in the ESPP; 

(f)    the Purchase Rights and the shares of Common Stock subject to the Purchase Rights, and income from and value of such Purchase Rights, are extraordinary items that do not constitute compensation of any kind for services of any kind rendered to Ciena or the Employer, and which are outside the scope of employee’s employment or service contract, if any;
 
(g)    the Purchase Rights and the shares of Common Stock subject to the Purchase Rights, and the income from and value of such Purchase Rights, are not intended to replace any pension rights;

(h)    the Purchase Rights and the shares of Common Stock subject to the Purchase Rights, and the income from and value of such Purchase Rights, are not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, holiday pay, long-service awards, pension or retirement or welfare benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for Ciena, the Employer or any participating Affiliate; 

(i)    the Purchase Rights and employee’s participation in the ESPP will not be interpreted to form or amend an employment or service contract or relationship with Ciena or any participating Affiliate; 

(j)    the future value of the underlying shares of Common Stock is unknown and cannot be predicted with certainty; 

(k)    the value of the shares of Common Stock purchased under the ESPP, may increase or decrease, even below the Purchase Price; 

(l)    no claim or entitlement to compensation or damages shall arise from forfeiture of the Purchase Rights resulting from termination of employee’s employment by Ciena or the Employer (for any reason whatsoever and whether or not in breach of contract or any employment law in the country where the employee resides, even if otherwise applicable to the employee’s employment benefits from the Employer, and whether or not later found to be invalid) and in consideration of the grant of the Purchase Rights, the employee irrevocably agrees not to institute any claim against Ciena, the Employer or any Affiliate, waives his or her ability, if any, to bring any such claim, and releases Ciena, the Employer and any Affiliate from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the ESPP, the employee shall be deemed irrevocably to have agreed not to pursue such claim and agrees to execute any and all documents necessary to request dismissal or withdrawal of such claims;  

(m)    in the event of termination of employee’s employment (whether or not in breach of contract or any employment law in the country where the employee resides, even if otherwise applicable to the employee’s employment benefits from the Employer, and whether or not later found to be invalid), the employee’s right to participate in the ESPP and his or her right to receive shares of Common Stock, if any, will terminate effective as of the date that the employee is no longer actively employed and will not be extended by any notice period mandated under local law (e.g., active employment would not include a period of “garden leave” or similar period); the Board and/or the Committee, as applicable, shall have the exclusive discretion to determine when the employee is no longer actively employed for purposes of his or her participation in the ESPP; 

(n)    unless otherwise agreed with Ciena, the Purchase Rights and the shares of Common Stock subject to the Purchase Rights, and the income from and value of the Purchase Rights, are not granted as consideration for, or in connection with, the service the employee may provide as a director of an Affiliate of Ciena; and

(o)    the right to purchase shares of Common Stock and participate in the ESPP do not create any entitlement, not otherwise specifically provided for in the ESPP or by Ciena in its discretion, to have the right to purchase share of Common Stock or the Common Stock acquired upon purchase transferred to, or assumed by, another company, nor to be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the Common Stock;

Data Privacy
The employee hereby explicitly and unambiguously consents to the collection, use, and transfer, in electronic or other form, of employee’s personal data as described in this Enrollment Form or any other ESPP materials by and among, as applicable, the Employer, Ciena, and its participating Affiliates for the exclusive purpose of implementing, administering, and managing employee’s participation in the ESPP.

The employee understands that Ciena and the Employer hold certain personal information about the employee, including, but not limited to, employee’s name, home address, email address and telephone number, date of birth, social insurance number, passport number or other identification number, salary, nationality, job title, any shares of Common Stock or directorships held in Ciena, details of all Purchase Rights or any other entitlement to shares of Common Stock  awarded, canceled, purchased, 

exercised, vested, unvested, or outstanding in the employee’s favor, for the exclusive purpose of implementing, administering and managing the ESPP (“Data”).  
    
The employee understands that Data may be transferred to E*TRADE Financial Services, Inc., or such other stock plan service provider as may be selected by Ciena in the future, which is assisting Ciena with the implementation, administration, and management of the ESPP.  The employee understands that the recipients may be located in the United States or elsewhere, and that the recipients’ country (e.g., the United States) may have different data privacy laws and protections than employee’s country.  The employee understands that he or she may request a list with the names and addresses of any potential recipients of the Data by contacting his or her local human resources representative.  The employee authorizes Ciena, E*TRADE Financial Services, Inc., and any other possible recipients which may assist Ciena (presently or in the future) with implementing, administering, and managing the ESPP to receive, possess, use, retain, and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering, and managing his or her participation in the ESPP.  The employee understands that Data will be held only as long as is necessary to implement, administer, and manage the employee’s participation in the ESPP.  The Employee understands that he or she may, at any time, view Data, request information about the storage and processing of Data, require any necessary amendments to Data, or refuse or withdraw the consents herein, in any case without cost, by contacting in writing his or her local human resources representative or Ciena’s stock administration department. Further, the employee understands that he or she is providing the consent herein on a purely voluntary basis.  If the employee does not consent, or if he or she later revokes consent, the employee’s employment status or service with the Employer will not be affected; the only consequence of refusing or withdrawing his or her consent is that Ciena would not be able to grant Purchase Rights to the employee or administer or maintain such awards.  Therefore, the employee understands that refusing or withdrawing his or her consent may affect employee’s ability to participate in the ESPP.  For more information on the consequences of employee’s refusal to consent or withdrawal of consent, the employee understands that he or she may contact his or her local human resources representative or Ciena’s stock administration department.

No Advice Regarding Grant
Ciena is not providing any tax, legal or financial advice, nor is Ciena making any recommendations regarding employee’s participation in the ESPP, or employee’s acquisition or sale of the underlying shares of Common Stock. The employee is hereby advised to consult with his or her own personal tax, legal, and financial advisors regarding his or her participation in the ESPP before taking any action related to the ESPP.

Governing Law and Venue
The ESPP and the provisions of this Enrollment Form are governed by, and subject to, the laws of the State of Delaware, without regard to the conflict of law provisions.  For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this grant of Purchase Rights or this Enrollment Form, the parties hereby submit to and consent to the exclusive jurisdiction of the State of Maryland and agree that such litigation shall be conducted only in the courts of Maryland, or the federal courts for the District of Maryland and no other courts, where this offer is made and/or to be performed.

Electronic Delivery and Acceptance
Ciena may, in its sole discretion, decide to deliver any documents related to current or future participation in the ESPP by electronic means.  The employee hereby consents to receive such documents by electronic delivery and agrees to participate in the ESPP through an on-line or electronic system established and maintained by Ciena or another third party designated by Ciena.

Language
If the employee has received this Enrollment Form or any other document related to the ESPP translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control.

Severability
The provisions of this Enrollment Form are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable.

Waiver
The employee acknowledges that a waiver by Ciena or breach of any provision of this Enrollment Form shall not operate or be construed as a waiver of any other provision of this Enrollment Form, or of any subsequent breach of this Enrollment Form. 

Country-Specific Provisions: Appendix A
Notwithstanding any provisions in this Enrollment Form, the ESPP shall be subject to any additional terms and conditions set forth in any Appendix A to this Enrollment Form for employee’s country.  Moreover, if the employee relocates to one of the countries included in the Appendix A, the terms and conditions for such country will apply to the employee, to the extent Ciena 

determines that the application of such terms and conditions are necessary or advisable for legal or administrative reasons.  The Appendix A constitutes part of this Enrollment Form.  

Foreign Account / Assets Reporting and Exchange Controls
Depending upon the laws of the country to which the employee is subject, he or she may have certain foreign asset and/or account reporting requirements and exchange controls which may affect his or her ability to acquire or hold shares of Common Stock under the ESPP or cash received from participating in the ESPP (including from any dividends received or sale proceeds arising from the sale of shares of Common Stock) in a brokerage or bank account outside his or her country of residence.  The employee’s country may require that he or she report such accounts, assets or transactions to the applicable authorities in his or her country.  The employee may be required to repatriate sale proceeds or other funds received as a result of his or her participation in the ESPP to his or her country through a designated bank or broker within a certain time after receipt.  The employee is responsible for knowledge of and compliance with any such regulations and should speak with his or her own personal tax, legal and financial advisors regarding the same.

Insider Trading / Market Abuse Laws
The employee acknowledges that, depending on his or her country, the employee may be subject to insider trading restrictions and/or market abuse laws, which may affect his or her ability to acquire or sell shares of Common Stock or rights to shares of Common Stock (e.g., Purchase Rights) under the ESPP during such times as he or she is considered to have “inside information” regarding Ciena (as defined by the laws in his or her country).  Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable insider trading policy of Ciena.  The employee acknowledges that it is his or her responsibility to comply with any applicable restrictions, and he or she should consult with his or her own personal legal and financial advisors on this matter.

Imposition of Other Requirements
Ciena reserves the right to impose other requirements on employee’s participation in the ESPP, on the ESPP offering, and on any shares of Common Stock purchased under the ESPP, to the extent Ciena determines it is necessary or advisable for legal or administrative reasons, and to require the employee to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

THE EMPLOYEE UNDERSTANDS THAT THIS ENROLLMENT FORM SHALL REMAIN IN EFFECT THROUGHOUT SUCCESSIVE OFFERING PERIODS UNLESS TERMINATED BY CIENA OR THE EMPLOYEE, OR THE EMPLOYEE BECOMES INELIGIBLE TO PARTICIPATE IN THE ESPP DUE TO TERMINATION OF EMPLOYMENT OR OTHERWISE.  UPON TERMINATION OF EMPLOYMENT, THE EMPLOYEE’S ACCUMULATED PAYROLL DEDUCTIONS, IF ANY, SHALL BE RETURNED WITHOUT INTEREST.  

The employee’s acceptance of this offer and participation in the ESPP indicates that he or she has read the information provided to the employee regarding the ESPP, including this Enrollment Form, and authorizes deductions of employee’s contribution from his or her base salary allocable to the Offering Period on an after-tax basis as indicated above and agrees to be bound by the terms and conditions of the ESPP and this Enrollment Form.  Any changes to the above instruction must be provided in writing and sent to the appropriate benefits department for processing.

For additional information about the ESPP, please refer to the ESPP Prospectus or FAQ available on myCiena.  The employee may also contact Ciena’s Benefits Department at 410-981-7322 or via email at benefits@ciena.com.

Ciena Corporation
Amended and Restated 2003 Employee Stock Purchase Plan

Appendix A 
Country-Specific Provisions for International Employees

Terms and Conditions

The following sections of this Appendix A include additional terms and conditions applicable to ESPP participants in the countries covered by the following sections.  These terms and conditions are in addition to or, if so indicated, in replacement of the terms and conditions set forth in the Enrollment Form.  Any capitalized term used in this Appendix A without definition shall have the meaning ascribed to such term in the ESPP or the main body of the Enrollment Form, as applicable. 

Notifications

The information in this Appendix A is based on the exchange control, securities and other laws in effect in the respective countries as of May 2017.  Such laws are often complex and change frequently.  As a result, Ciena strongly recommends that the employee should not rely on the information herein as the only source of information relating to the consequences of participation in the ESPP because the information may be out of date at the time shares of Common Stock are purchased under the ESPP or are sold.  If the employee resides outside of the U.S. or is on assignment outside of the U.S., exchange control reporting or filing obligations (especially with respect to currency transfers) may apply at the time of  the purchase of shares of Common Stock or sale of the shares of Common Stock.  The employee should determine whether these obligations, if any, apply prior to the purchase and sale of shares of Common Stock.  In addition, the information is general in nature and might not apply to the employee’s particular situation, and Ciena is not in a position to assure the employee of any particular result.  Accordingly, the employee is advised to seek appropriate professional advice as to how the relevant laws in the employee’s country may apply to his or her situation.

Finally, note that if the employee is a citizen or resident of a country other than the one he or she is working and/or residing, or is considered a resident of another country for local law purposes or if the employee transfers employment and/or residency to another country after the offer to participate in the ESPP has been granted to the employee, the information contained herein may not be applicable to the employee in the same manner.  In addition, Ciena shall, in its sole discretion, determine to what extent the additional terms and conditions included herein will apply to the employee under these circumstances.

ALL EUROPEAN ECONOMIC AREA COUNTRIES
Terms and Conditions
Securities Law Requirements.  If  the employee resides and/or works in a country located in the European Economic Area (“EEA”), his or her participation in the ESPP may be limited as a result of applicable securities laws.  Specifically, contributions from all ESPP participants residing and/or working in the EEA will be limited to less than an aggregate amount of €5 million on an annual basis.  It is also possible that certain other equity awards in the EEA will count against this €5 million threshold.  If ESPP participants in the EEA elect to contribute more than this amount during any year, contribution rates will be prorated to ensure that this threshold is not exceeded.  If the employee’s participation will be prorated, he or she understands that he or she will receive a notice from the Company explaining the proration.
AUSTRALIA
Notifications
Australian Offer Document.  The offering of the ESPP in Australia is intended to comply with the provisions of the Corporations Act 2001, Australian Securities & Investments Commission (“ASIC”) Regulatory Guide 49 and ASIC Class Order CO 14/1000.  Additional details are set forth in the Offer Document, which is being provided along with the Enrollment Form.

AUSTRIA
Terms and Conditions
Interest Waiver.  By participating in the ESPP and accepting the ESPP offer, the employee unambiguously consents to waive his or her right to any interest arising in relation to the payroll deductions taken from the employee’s base salary allocable to the Offering Period in connection with his or her participation in the ESPP.
BELGIUM
Notifications
Authorization to Remit Eligible Cash Earnings.  For Belgian law purposes, “payroll deductions” means  a specific instruction by the employee to the Employer to pay out part of his or her base salary allocable to the Offering Period in order to fund the Purchase Price for the shares of Common Stock, in accordance with the terms and conditions of the ESPP.
Foreign Account / Assets Reporting Information.  If the employee is a Belgian resident, he or she is required to report any taxable income attributable to the grant of the Purchase Right on his or her annual tax return.  In addition, the employee is required to report any security (e.g., shares of Common Stock acquired under the ESPP) or bank accounts (including brokerage accounts) opened and maintained outside Belgium on his or her annual tax return.  In a separate report, the employee is also required to provide the Central Contact Point of the National Bank of Belgium with details regarding any such account, including the account number, the name of the bank in which such account is held and the country in which such account is located the first time he or she reports the foreign security and/or bank account on his or her annual tax return. The forms to complete this report are available on the website of the National Bank of Belgium.
Undertaking.  Under current Belgian tax law, employees may execute an undertaking to hold the shares of Common Stock for two years from the Purchase Date to obtain certain tax treatment for the ESPP income.  If an employee is interested in finding out more information about the tax treatment of the ESPP income, he or she should check with his or her personal tax advisor.
If an employee wishes to take advantage of this two-year hold agreement, he or she should complete the Undertaking form available on the next page.  The employee should keep a copy of the Undertaking for his or her records and include a copy of the Undertaking when filing his or her income tax return.
 (Undertaking on next page)

Ciena Corporation
Amended and Restated Employee Stock Purchase Plan
Undertaking

For Participants in Belgium

The undersigned has been offered the possibility to participate in the Ciena Corporation Amended and Restated Employee Stock Purchase Plan (the “ESPP”) and has therefore the possibility, on each Purchase Date of the Offering Period (as defined in the Prospectus), to purchase a certain number of shares of Common Stock in Ciena Corporation.

For Belgian tax purposes, the undersigned hereby undertakes to hold the shares of Common Stock purchased on each respective Purchase Date for a period of at least two years commencing on the respective Purchase Date.

Name:        ________________________________________

Address:        ________________________________________

Date:         ________________________________________

_______________________________________
    
Signature

CANADA
Terms and Conditions
Termination of Employment.  This provision replaces the Nature of Grant subsection (m) provision of the Enrollment Form:
In the event of the employee’s termination of employment or service to Ciena or any of its participating Affiliates for any reason (whether or not in breach of local labor laws and whether or not later found to be invalid), the employee’s right to participate in the ESPP and his or her right to receive shares of Common Stock, if any, will terminate effective as of the date that is the earlier of (1) the date the employee receives notice of termination of employment from his or her Employer, or (2) the date the employee is no longer actively employed, regardless of any notice period or period of pay in lieu of such notice required for Canadian employment law purposes (including, but not limited to Canadian statutory law, regulatory law and/or common law), even if otherwise applicable to the employee’s employment benefits from the Employer; Ciena shall have the exclusive discretion to determine when the employee is no longer actively employed for purposes of his or her participation in the ESPP.
The following provisions will apply to the employee if he or she is  a resident of Quebec:
Language Consent.  The parties acknowledge that it is their express wish that the Enrollment Form, including this Appendix A, as well as all documents, notices, and legal proceedings entered into, given or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English.
Les parties reconnaissent avoir exige la redaction en anglais de cette convention («Enrollment Form») ainsi que cette Annexe A, ainsi que de tous documents, avis et procedures judiciaires, executes, donnes ou intentes en vertu de, ou lies directement ou indirectement a, la presente convention. 
Data Privacy Notice and Consent.  This provision supplements the Data Privacy section of the Enrollment Form:
The employee hereby authorizes Ciena and Ciena’s representatives to discuss with and obtain all relevant information from all personnel, professional or non-professional, involved in the administration of the ESPP.  The employee further authorizes Ciena, its participating Affiliates and any stock plan service provider that may be selected by Ciena to assist with the ESPP to disclose and discuss the ESPP with their advisors.  The employee also authorizes Ciena and its participating Affiliates to record such information and to keep such information in his or her file.
Notifications
Securities Law Information.  The employee is permitted to sell shares of Common Stock acquired through the ESPP through the designated broker appointed under the ESPP, if any, provided the resale of shares of Common Stock acquired under the ESPP takes place outside of Canada through the facilities of a stock exchange on which the Common Stock is listed. Currently, the Common Stock is listed on the New York Stock Exchange.
Foreign Account / Assets Reporting Information. Specified foreign property, including Purchase Rights, shares of Common Stock acquired under the ESPP and other rights to receive shares (e.g., Purchase Rights) of a non-Canadian company held by a Canadian resident must generally be reported annually on a Form T1135 (Foreign Income Verification Statement) if the total cost of the foreign property exceeds CAD 100,000 at any time during the year.  Thus, such Purchase Rights must be reported - generally at a nil cost - if the CAD 100,000 cost threshold is exceeded because other specified foreign property is held by the employee.  When shares of Common Stock are acquired, their cost generally is the adjusted cost base (“ACB”) of the shares.  The ACB would ordinarily equal the fair market value of the shares at the time of acquisition, but if the employee owns other shares of the same company, this ACB may have to be averaged with the ACB of the other shares.  The employee should consult with his or her personal tax advisor to determine his or her reporting requirements.

DENMARK
Terms and Conditions
Stock Options Act.  The employee acknowledges that he or she received an Employer Statement in Danish which sets forth the terms of the Purchase Rights under the Act on Stock Options.
Notifications
Exchange Control and Tax Reporting Information.  The employee  must complete a “Declaration V” form in connection with the deposit of any securities (including shares of Common Stock acquired under the ESPP) into a bank or brokerage account outside of Denmark.  The form is available on the website of the Danish Tax Authorities.  In connection with filing Declaration V to the Danish Tax Authorities, the bank or broker with which the securities are deposited (the “depositary”) may sign a statement according to which the depositary undertakes an obligation, without further request, to forward certain information concerning the shares 

on an annual basis to the Danish Tax Authorities.  However, if the depositary will not agree to sign such a statement the employee is personally responsible for submitting the required information as an attachment to his or her annual tax return.  It is only necessary to submit a Declaration V form the first time securities are deposited with a depositary outside of Denmark.  However, if the securities are transferred to a different depositary or if you begin using a new depositary, a new Declaration V is required.   Generally, the Declaration V must be submitted by the depositary no later than on February 1 of the year following the calendar year to which the information relates. However, if the employee is responsible for submitting the information, he or she must submit the required information as an attachment to his or her annual tax return.  
In addition, if the employee holds shares of Common Stock or cash in an account outside of Denmark, he or she is required to report the existence of such an account to the Danish Tax Authorities by completing a “Declaration K” form and submitting it to the Danish Tax Authorities following opening of the account.  The form is available on the website of the Danish Tax Authorities.  A separate form must be submitted for each account held outside of Denmark that holds shares of Stock or cash which are taxable in Denmark.  The Declaration K requirement is in addition to the Declaration V requirement discussed above.  The employee should consult with his or her personal legal advisor to ensure compliance with the applicable requirements.  

FRANCE
Terms and Conditions
Payroll Deduction Authorization.  The employee hereby authorizes payroll deductions from each paycheck in that percentage of his or her base salary or flat payment amount (if permitted by Ciena) allocable to the Offering Period (up to 10%) as selected during the enrollment process and in accordance with the terms and conditions of the ESPP, and as the employee may change from time to time in accordance with the ESPP.  
Autorisation Relative Aux Retenues Sur Salaire.  L’employé par ceci autorise les retenues sur salaire de chaque paie en ce pourcentage du salaire de base alloué à la Période D'offre (jusqu'à 10%), ainsi élu lors de la souscription et en conformité avec les termes et conditions du Plan d’Achat d’Actions, et comme l’employé peut le changer de temps en temps en conformité avec le Plan d’Achat d’Actions.
Language Consent.  By accepting the terms and conditions of the Enrollment Form, the employee confirms having read and understood the documents relating to this grant of the offer to purchase shares of Common Stock (the ESPP, the Enrollment Form, and this Appendix A) which were provided to the employee in the English language.  The employee accepts the terms of these documents accordingly.
Consentement Relatif à la Langue Utilisée.:  En acceptant les termes et conditions du Contrat de Souscription, l’employé confirme ainsi avoir lu et compris les documents relatifs à cette attribution du droit d'achat d'Actions Cotées en Bourse (le Plan d’Achat d’Actions, le Contrat de Souscription, et la présente Annexe A) qui ont été fournis á l’employé dans la langue anglaise.  L’employé accepte les termes de ces documents en connaissance de cause. 
Notifications
Foreign Account / Assets Reporting Information.  The employee may hold shares of Common Stock acquired under the ESPP outside of France provided that he or she declares all foreign accounts, whether open, current, or closed in his or her income tax return.  Failure to comply could trigger significant penalties.

GERMANY
There are no country-specific provisions.

INDIA
Notifications
Exchange Control Information. Indian resident employees must repatriate all proceeds resulting from the sale of shares of Common Stock acquired under the ESPP to India within 90 days of receipt and all proceeds from the receipt of cash dividends within 180 days of receipt, or within any other time frame prescribed under applicable Indian exchange control laws as may be amended from time to time.  Indian resident employees will receive a foreign inward remittance certificate (“FIRC”) from the bank where he or she deposits the foreign currency. The employee should maintain the FIRC as evidence of the repatriation of funds in the event the Reserve Bank of India or the Employer requests proof of repatriation.  The employee is responsible for complying with applicable exchange control laws in India.

IRELAND
Terms and Conditions
Nature of Grant.  This provision supplements the Nature of Grant section of the Enrollment Form:
By participating in the ESPP and making enrollment elections, the employee acknowledges, understands and agrees that the benefits received under the ESPP will not be taken into account for any redundancy or unfair dismissal claim.
Notifications
Director Notification Information.  If the employee is a director, shadow director, or secretary of an Irish Affiliate, pursuant to the Companies Act 2014, he or she must (a) notify that Affiliate in writing if he or she receives or disposes of an interest exceeding in the aggregate 1% of the share capital of Ciena (e.g., Purchase Rights, shares of Common Stock or debenture), (b) if he or she becomes aware of the event giving rise to the notification requirement, or (c) if he or she becomes a director or secretary if such an interest exceeding in the aggregate 1% of the share capital of Ciena exists at the time.  This notification requirement also applies with respect to the interests of a spouse, civil partner, or minor children (whose interests will be attributed to the director, shadow director, or secretary).  The employee should consult his or her personal legal advisor to ensure compliance with the applicable requirements.

ISRAEL
Terms and Conditions
Mandatory Sale Restriction. The employee agrees to the sale of any shares of Common Stock acquired under the ESPP if Ciena, in its sole discretion, determines that such sale is necessary in order to facilitate compliance with tax withholding obligations in Israel.  The sale will occur (i) immediately upon purchase, (ii) following his or her termination of employment or service, or (iii) within any other time frame as Ciena determines to be necessary to comply with local tax requirements.  The employee further agrees that Ciena is authorized to instruct its designated broker to assist with the mandatory sale of such shares of Common Stock (on his or her behalf pursuant to this authorization) and the employee expressly authorizes Ciena’s designated broker to complete the sale of such shares of Common Stock.  The employee acknowledges that Ciena’s designated broker is under no obligation to arrange for the sale of the shares of Common Stock at any particular price.  Upon the sale of the shares of Common Stock, Ciena agrees to pay the employee the cash proceeds from the sale, less any brokerage fees or commissions and subject to any obligation to satisfy the Tax-Related Items.  
The employee further agrees that any shares of Common Stock to be issued to the employee shall be deposited directly into an account with Ciena’s designated broker.  The deposited shares of Common Stock shall not be transferable (either electronically or in certificate form) from the brokerage account.  This limitation shall apply both to transfers to different accounts with the same broker and to transfers to other brokerage firms.  The limitation shall apply to all shares of Common Stock issued to the employee under the ESPP, whether or not he or she remains employed.\

JAPAN
Notifications
Foreign Account / Assets Reporting Information.  Japanese residents are required to report details of any assets held outside of Japan as of December 31st (including shares of Common Stock acquired under the ESPP), to the extent such assets have a total net fair market value exceeding ¥50 million.  Such report will be due by March 15th each year.  The employee should consult with his or her personal tax advisor as to whether the reporting obligation applies to him or her and whether he or she will be required to report details of his or her outstanding Purchase Rights, as well as shares of Common Stock, in the report.

KOREA
Terms and Conditions
Power of Attorney.  By enrolling in the ESPP and making his or her online enrollment elections, the employee agrees to the provisions of the attached Power of Attorney appointing each of the entities described therein (acting individually without the other) as the employee’s attorney-in-fact for the purposes described therein and the employee ratifies and confirms as his or her own act and deed all that either such representative may do or cause to be done by virtue of the Power of Attorney.  Further, the employee agrees to execute a separate Power of Attorney (in a form substantially the same as the attached) at Ciena’s request, if Ciena’s determines that a separate Power of Attorney is required or desirable in order to allow the employee’s continued participation in the ESPP.

Notifications

Foreign Asset/Account Reporting Information.  Korean residents are required to declare all foreign financial accounts (i.e., non-Korean bank accounts, brokerage accounts, etc.) to the Korean tax authority and file a report with respect to such accounts if the value of such accounts exceeds KRW 1 billion (or an equivalent amount in foreign currency) on any month-end date during a calendar year.  

ATTACHMENT TO APPENDIX A FOR KOREA

POWER OF ATTORNEY
FOR EMPLOYEES IN KOREA PARTICIPATING IN
THE CIENA CORPORATION AMENDED AND RESTATED 2003 EMPLOYEE STOCK PURCHASE PLAN (“ESPP”)

I, an employee working for Ciena (Asia) Limited (Korea Branch), a branch of Ciena (Asia) Limited, a company organized under the laws of Hong Kong with principal offices at Unit D, 16/F, 169 Electric Road, Hong Kong, do hereby appoint attorney-in-fact, Ciena (Asia) Limited (Korea Branch), through their respective duly appointed representative(s), as my true and lawful attorney, with full power and authority to do the following:

(1)    To prepare, execute and file any report/application and all other documents required for implementation of the ESPP, as amended from time to time in Korea;

(2)    To take any action that may be necessary or appropriate for implementation of the ESPP with the competent Korean authorities, including but not limited to the transfer of my payroll deductions through a foreign exchange bank; and

(3)    To constitute and appoint, in its place and stead, and as its substitute, one or more representatives, with power of revocation.

I hereby ratify and confirm as my own act and deed all that such representative may do or cause to be done by virtue of this instrument.

IN WITNESS WHEREOF, I have caused this Power of Attorney to be executed in my name this _____ day of    ___________, _____.
    

	
				
	 
	By:
	_________________________________

	 
	 
	(Signature)
	 

                        

MEXICO
Terms and Conditions
Acknowledgement of the Enrollment Form.  By accepting the grant of Purchase Rights, the employee acknowledges that he or she has received a copy of the ESPP and the Enrollment Form, including this Appendix A, which the employee has reviewed.  The employee acknowledges further that he or she accepts all the provisions of the ESPP and the Enrollment Form, including this Appendix A. The employee also acknowledges that he or she has read and specifically and expressly approves the terms and conditions set forth in the Nature of Grant section of the Enrollment Form, which clearly provide as follows:
(1)    The employee’s participation in the ESPP does not constitute an acquired right; 
(2)    The ESPP and the employee’s participation in it are offered by Ciena on a wholly discretionary basis; 
(3)    The employee’s participation in the ESPP is voluntary; and 
(4)    Ciena and its participating Affiliates are not responsible for any decrease in the value of any shares of Common Stock acquired at purchase. 
Labor Law Acknowledgement and Policy Statement.  By accepting the grant of Purchase Rights, the employee acknowledges that Ciena Corporation, with registered offices at 7035 Ridge Road, Hanover, Maryland 21076, U.S.A., is solely responsible for the administration of the ESPP.  The employee further acknowledges that his or her participation in the ESPP, the grant of Purchase Rights and any acquisition of shares of Common Stock under the ESPP do not constitute an employment relationship between the employee and Ciena Corporation because the employee is participating in the ESPP on a wholly commercial basis and his sole employer is Ciena Communications Mexico S.A. de C.V. or Ciena Mexico S.A. de C.V (“Ciena-Mexico”), as applicable. Based on the foregoing, the employee expressly acknowledges that the ESPP and the benefits that the employee may derive from his or her participation in the ESPP do not establish any rights between the employee and Ciena-Mexico, and do not form part of the employment conditions and/or benefits provided by Ciena-Mexico, and any modification of the ESPP or its termination shall not constitute a change or impairment of the terms and conditions of the employee’s employment.
The employee further understands that his or her participation in the ESPP is the result of a unilateral and discretionary decision of Ciena Corporation and therefore, Ciena Corporation reserves the absolute right to amend and/or discontinue his or her participation in the ESPP at any time, without any liability to the employee.
Finally, the employee hereby declares that he or she does not reserve to him- or herself any action or right to bring any claim against Ciena Corporation for any compensation or damages regarding any provision of the ESPP or the benefits derived under the ESPP, and the employee therefore grants a full and broad release to Ciena Corporation, its subsidiaries, affiliates, branches, representation offices, shareholders, officers, agents and legal representatives, with respect to any claim that may arise. 
Spanish Translation  
Reconocimiento del Acuerdo de Inscripción  
Al aceptar el otorgamiento de Derechos de Compra, el empleado reconoce que ha recibido una copia del ESPP y del Acuerdo de Inscripción, incluyendo este Anexo A, los mismos que el empleado ha revisado. El empleado reconoce, además, que acepta todas las disposiciones del ESPP y del Acuerdo de Inscripción, incluyendo este Anexo A.  Además, el empleado reconoce que ha leído y que específica y expresamente aprueba de los términos y las condiciones establecidos en el apartado intitulado Naturaleza del Otorgamiento del Acuerdo de Inscripción, que claramente dispone lo siguiente: 
(1)    La participación del empleado en el ESPP no constituye un derecho adquirido; 
(2)    El ESPP y la participación del empleado en el ESPP son ofrecidos por Ciena sobre una base totalmente discrecional; 
(3)    La participación del empleado en el ESPP es voluntaria; y 
(4)    Ciena y sus Afiliadas no son responsables por ninguna disminución en el valor de cualquier de las Acciones Ordinarias adquiridas en el momento de la compra. 
Reconocimiento de Ley Laboral y Declaración de Política   
Al aceptar el otorgamiento de los Derechos de Compra, el empleado reconoce que Ciena Corporation, con oficinas registradas en 7035 Ridge Road, Hanover, Maryland 21076, Estados Unidos de América, es únicamente responsable por la administración del ESPP.  Además, el empleado reconoce que su participación en el ESPP, el otorgamiento de los Derechos de Compra y cualquier adquisición de Acciones Ordinarias por medio del ESPP no constituyen una relación laboral entre el empleado y Ciena Corporation porque el empleado está participando en el ESPP sobre una base totalmente comercial y su único patrón es Ciena Communications Mexico S.A. de C.V. or Ciena Mexico S.A. de C.V (“Ciena-México”). Con base en lo anterior, el empleado expresamente reconoce 

que el ESPP y los beneficios que puede derivar por medio de la participación en el ESPP no establecen ningún derecho entre el empleado y su Patrón, Ciena-México, y no forman parte de las condiciones de trabajo y/o las prestaciones otorgadas por Ciena-México, y cualquier modificación al ESPP o su terminación no constituirá un cambio o deterioro de los términos y las condiciones del trabajo del empleado.
Además, el empleado entiende que su participación en el ESPP se resulta de una decisión discrecional y unilateral de Ciena Corporation y, por lo tanto, Ciena Corporation se reserva el derecho absoluto de modificar y/o discontinuar la participación del empleado en el ESPP en cualquier momento, sin responsabilidad alguna al empleado.
Finalmente, el empleado manifiesta que no se reserva ninguna acción o derecho para presentar una reclamación o demanda en contra de Ciena Corporation por cualquier compensación o daños en relación con cualquier disposición del ESPP o de los beneficios derivados del ESPP y, por lo tanto, el empelado otorga un amplio y total finiquito a Ciena Corporation, sus subsidiarias, afiliadas, sucursales, oficinas de representación, accionistas, directores, funcionarios, agentes y representantes legales con respecto a cualquier reclamación o demanda que pudiera surgir.

NETHERLANDS
There are no country-specific provisions. 

POLAND
Terms and Conditions
Authorization for ESPP Participation.  The employee understands that as a condition of his or her participation in the ESPP, the employee will be required to execute the attached Consent for Deduction form.  The employee understands that he or she must print out the form, sign and date the form in the applicable places, and return a copy to his or her local human resources department.  Further, the employee agrees to execute other agreements or consents that may be required by Ciena or the Employer with respect to payroll deductions under the ESPP.  The employee understands that if he or she fails to execute the Consent for Deduction form or any other form of agreement or consent that is required with respect to payroll deductions under the ESPP, the employee may not be able to participate in the ESPP.
Notifications
Exchange Control Information.  Polish residents are obligated to transfer funds via bank accounts if the transferred amount in a particular transaction exceeds PLN 15,000. Polish residents are required to store the documents connected with foreign exchange transactions for a period of five years, as measured from the end of the year in which such transaction occurred. 
Polish residents holding foreign securities (including shares of Common Stock) and/or maintaining accounts abroad must report information to the National Bank of Poland. Polish residents holding foreign securities will be required to file quarterly reports with information on transactions and balances regarding foreign securities if the value (calculated individually or together with other assets/liabilities possessed abroad) exceeds PLN 7 million. The reports must be filed on special forms available on the website of the National Bank of Poland. The employee is responsible for complying with all applicable exchange control regulations.

	
			
	CIENA CORPORATION

AMENDED AND RESTATED 2003 EMPLOYEE STOCK PURCHASE PLAN
For Participants in Poland
	 
	CIENA CORPORATION

ZAMIENIONY PRACOWNICZY PLAN NABYWANIA AKCJI 2003
Dla Uczestników w Polsce

	CONSENT FOR DEDUCTION
	 
	ZGODA NA POTRACENIE

	I, the undersigned, in order to participate in the Ciena Corporation Amended and Restated 2003 Employee Stock Purchase Plan (“ESPP”), authorize my employer, i.e., Ciena Limited (Poland Branch), to withhold payroll deductions in the amount of ___% of eligible base salary (“eligible compensation”), or such other percentage as subsequently selected separately by me (in writing) under the ESPP. I understand that this amount must not be more than 10% of my eligible compensation for any Offering Period with the reservation that the deductions are made in accordance with the applicable provisions of Polish labor law. 
	 
	Ja nizej podpisany, w celu uczestnictwa w Zmienionym Pracowniczym Planie Nabywania Akcji Ciena Corporation Amended and Restated 2003 Employee Stock Purchase Plan  (“ESPP”), upowazniam mojego pracodawce, i.e. Ciena Limited (Poland Branch), do potracenia kwoty w wysokosci ___% z mojego uprawnionego wynagrodzenia zasadniczego ("Uprawnione Wynagrodzenie") lub inny procent pózniej wskazany oddzielnie przeze mnie (na pismie) w ramach Planu. Przyjmuje do wiadomsci, iz ta kwota nie moze byc wieksza niz 10% mojego Uprawnionego Wynagrodzenia w kazdym Okresie Oferty z zastrzezeniem, ze potracenia beda dokonywane zgodnie z obowiazujacymi przepisami polskiego prawa pracy.

	I acknowledge and agree that any past payroll deductions from my eligible compensation, with respect to my participation in the ESPP complied with Polish law and that I authorized all such deductions.
	 
	Niniejszym potwierdzam i zgadzam sie z tym, ze jakiekolwiek przeszle potracenia z mojego Uprawnionego Wynagrodzenia dokonane w zwiazku z moim uczestnictwem w Planie byly zgodne z polskim prawem i ze wyrazilem/am na nie zgode.

	All the terms written in capital letters shall have the meanings given to them in the ESPP.  
	 
	Wszystkie terminy pisane wielkimi literami maja znaczenie przypisane im w ramach Planu.

	In case of any discrepancies between the Polish language version of this document and its English language version, the Polish language version shall prevail.
	 
	W przypadku jakichkolwiek rozbieznosci pomiedzy polska a angielska wersja jezykowa niniejszego dokumentu, wersja polska ma charakter wiazacy.

	

__________________________                                                                     _________________
Employee/Pracownik                                                                                          Date/Data

SPAIN
Terms and Conditions
Nature of Grant.  This provision supplements the Nature of Grant section in the Enrollment Form:
In accepting the Purchase Rights, the employee consents to participate in the ESPP and acknowledges that he or she has received a copy of the ESPP.
The employee understands and agrees that in accepting the Purchase Rights, the employee will cease to be a participant in the ESPP upon the termination of his or her status as an eligible employee for any reason (including for the reasons listed below) and the employee’s payroll deductions shall cease and be returned to the employee, without interest, as soon as administratively possible.
The employee understands that Ciena has unilaterally, gratuitously and in its sole discretion decided to grant Purchase Rights under the ESPP to individuals who may be eligible employees.  The decision is a limited decision that is entered into upon the express assumption and condition that any offer will not economically or otherwise bind Ciena or any participating Affiliate on an ongoing basis.  Consequently, the employee understands that the Purchase Rights are granted on the assumption and condition that the ESPP and any shares of Common Stock purchased under the ESPP are not part of any employment contract either with Ciena or a participating Affiliate and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever.  In addition, the employee understands that the Purchase Rights would not be granted to the employee but for the assumptions and conditions referred to herein; thus, the employee acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then the Purchase Rights shall be null and void. 
Further, the employee’s participation in the ESPP is expressly conditioned on his or her continued and active employment, such that if his or her employment terminates for any reason whatsoever, the employee’s participation in the ESPP will cease immediately, effective on the date of his or her termination of employment (or as of the end of the Purchase Period following termination as provided in the ESPP where the employee retires, dies, becomes disabled, or is laid off or on authorized leave).  In particular, the employee understands and agrees that, unless otherwise provided in the ESPP or by Ciena, any outstanding Purchase Rights as of the date he or she is no longer actively employed will be forfeited without entitlement to the underlying shares of Common Stock or to any amount of indemnification in the event of a termination of employment or service by reason of, but not limited to, resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without cause (i.e., subject to a “despido improcedente”), individual or collective dismissal adjudged or recognized to be without cause, individual or collective dismissal on objective grounds, whether adjudged or recognized to be with or without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer and under Article 10.3 of the Royal Decree 1382/1985. The employee acknowledges that he or she has read and specifically accepts the conditions referred to in the following provisions of the Enrollment Form: Tax-Related Items and Nature of Grant.
Notifications
Exchange Control Information.  To participate in the ESPP, the employee agrees to comply with exchange control regulations in Spain.  The acquisition of shares of Common Stock under the ESPP must be declared for statistical purposes to the Dirección General de Comercio e Inversiones (the “DGCI”).  Because the employee will not acquire the shares of Common Stock through the use of a Spanish financial institution, he or she agrees to make the declaration by filing a D-6 form with the DGCI.   Generally, the D-6 form must be filed each January while the shares of Common Stock are owned.  In addition, the sale of shares of Common Stock must also be declared on D-6 form filed with the DGCI in January, unless the sale proceeds exceed the applicable threshold (currently €1,502,530), in which case, the filing is due within one month after the sale. 
The employee also may be required to electronically declare to the Bank of Spain any foreign accounts (including brokerage accounts held abroad), any foreign instruments (including shares of Common Stock acquired under the ESPP), and any transactions with non-Spanish residents (including any payments of shares of Common Stock made pursuant to the ESPP), depending on the balances in such accounts together with the value of such instruments as of December 31 of the relevant year, or the volume of transactions with non-Spanish residents during the relevant year.
Foreign Account / Assets Reporting Information.  To the extent that the employee holds rights or assets (e.g., cash or shares of Common Stock held in a bank or brokerage account) outside of Spain with a value in excess of €50,000 per type of right or asset (e.g., shares of Common Stock, cash, etc.) as of December 31 each year, he or she is required to report information on such rights and assets on his or her tax return for such year.   After such rights or assets are initially reported, the reporting obligation will only apply for subsequent years if the value of any previously-reported rights or assets increases by more than €20,000 or if the employee transfers or disposes of any previously-reported rights or assets.  The reporting must be completed by March 31.  Failure to comply with this reporting requirement may result in penalties.  Accordingly, the employee is advised to consult with his or her personal tax and legal advisors to ensure that he or she is properly complying with his or her reporting obligations.

SWEDEN
There are no country-specific provisions.

SWITZERLAND
Notifications
Securities Law Information.  The offering of the ESPP is considered a private offering in Switzerland and is, therefore, not subject to registration in Switzerland.  Neither this document nor any other materials relating to the ESPP (i) constitutes a prospectus as such term is understood pursuant to article 652a of the Swiss Code of Obligations, (ii) may be publicly distributed nor otherwise made publicly available in Switzerland, or (iii) have been or will be filed with, approved or supervised by any Swiss regulatory authority, including the Swiss Financial Market Supervisory Authority (FINMA).

UNITED ARAB EMIRATES
Notifications
Securities Law Information.  The ESPP is only being offered to employees and is in the nature of providing equity incentives to employees of Ciena’s participating Affiliates in the United Arab Emirates.  Any documents related to the ESPP, including the ESPP, the Prospectus and other grant documents (“ESPP Documents”), are intended for distribution only to such employees and must not be delivered to, or relied on by, any other person.  Neither the Ministry of Economy nor the Dubai Department of Economic Development have approved the ESPP Documents nor taken steps to verify the information set out therein, and have no responsibility for such documents.  The employee, as a prospective stockholder, should conduct his or her own due diligence on the securities.  If the employee does not understand the contents of the ESPP Documents, he or she should consult an authorized financial advisor.

UNITED KINGDOM
Terms and Conditions
Taxes.  This section supplements the Responsibility for Taxes section of the Enrollment Form:
Without limitation to the provisions contained in the Responsibility for Taxes section of the Enrollment Form, the employee agrees that he or she is liable for all Tax-Related Items and hereby covenants to pay all such Tax-Related Items as and when requested by Ciena or the Employer or by Her Majesty’s Revenue and Customs (“HMRC”) (or any other tax or relevant authority).  The employee also agrees to indemnify and keep indemnified Ciena and the Employer against any Tax-Related Items that they are required to pay or withhold on his or her behalf or have paid or will pay to the HMRC (or any other tax or relevant authority).Exhibit 10.1

 

AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

THIS AGREEMENT dated as of the 1st day of June, 2017 (the "Effective Date").

 

AMONG:

 

EIGHT DRAGONS ACQUISITION I, INC., a corporation existing under the laws of the State of Florida

 

(hereinafter called the "Acquiror")

 

OF THE FIRST PART

 

- and -

 

EIGHT DRAGONS COMPANY., a corporation existing under the laws of the State of Nevada

 

(hereinafter called "Eight Dragons")

 

OF THE SECOND PART

 

- and -

 

PARK ROAD SOLUTIONS, INC., a corporation existing under the laws of the State of Florida

 

(hereinafter called "Park Road")

 

OF THE THIRD PART

 

- and -

 

THE INDIVIDUAL SET OUT IN EXHIBIT "A" HERETO

(hereinafter collectively called the "Park Road Shareholder")

 

OF THE FOURTH PART

 

RECITALS

 

	
A.

	
Eight Dragons is a publicly traded shell company listed on the OTC Markets ("Exchange").

	
B.

	
The Acquiror is a wholly-owned subsidiary of Eight Dragons.

	
C.

	
Park Road is a privately held information systems consulting company organized under the laws of the State of Florida and is the successor in interest through conversion to Park Road Solutions, LLC, a limited liability company.

 

 

AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

Eight Dragons Corporation and Park Road Solutions

 

	
D.

	
The Park Road Shareholder is collectively the legal and beneficial owner of all of the issued and outstanding common shares in the capital of Park Road (the "Park Road Shares").

	
E.

	
The Boards of Directors of the Acquiror, Eight Dragons and Park Road have determined that it is in the best interests of their respective corporations and their respective shareholders that the corporations effect the transactions contemplated by this Agreement subject to and on the terms and conditions set forth herein.

	
F.

	
The Shareholder desire to sell the Park Road Shares and the Acquiror desires to acquire such Park Road Shares in consideration for the issuance to the Park Road Shareholder an aggregate of 80,000 common shares in the capital of Eight Dragons (the "Eight Dragons Payment Shares"), all as more particularly described herein and upon the terms and conditions hereinafter set forth.

	
G.

	
Eight Dragons and Park Road intend that the transfer of the Park Road Shares and Eight Dragons Payment Shares be accomplished on a tax-free basis pursuant to the provisions of Section 368(a)(1)(B) of the Internal Revenue Code of 1986.

NOW THEREFORE THIS AGREEMENT WITNESSETH THAT in consideration of the mutual promises and covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby covenant and agree as follows:

 

 

ARTICLE 1

INTERPRETATION

 

	
1.1

	
Definitions

In this Agreement and in all amendments hereto the following words, whenever used in this Agreement, unless there is something in the subject matter or context inconsistent therewith, shall have the following meanings:

 

"Affiliates" shall include the spouses, parents, children and other members of the families of the Shareholders and any Person controlled by the Shareholders or any one or more of them.

 

"Agreement" shall mean this Agreement and Plan of Merger and Reorganization as amended from time to time.

 

"Claims, Proceedings or Restrictions" shall mean any claims, legal, administrative or other proceedings, suits, investigations, complaints, notices of violation or similar process, judgments, injunctions, orders, decrees or directives against, relating to or directly or indirectly affecting (a) Park Road, its assets, business or its ability to acquire property or conduct business in any area, or (b) the officers or directors, agents, employees or consultants of Park Road, which as to all matters described in (a) or (b) above if determined adversely to any of the above (or if adopted in the case of proposed governmental restriction), might individually or in the aggregate, either materially adversely affect the condition (financial or otherwise), operations, business or prospects of Park Road, or challenge the validity or propriety of the transactions contemplated by the Agreement, or the ability of the parties to consummate such transactions in accordance with the terms of the Agreement.

 

 

 

2 | Page

AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

Eight Dragons Corporation and Park Road Solutions

 

"Closing Date" shall mean the date on which the Closing occurs.

 

"Eight Dragons Shares" means common shares in the capital of Eight Dragons.

 

"Intellectual Property" shall mean all patents, trademarks, copyrights, industrial designs, software, trade secrets, know-how, concepts, information and other intellectual and industrial property.

 

"Financial Statements" shall mean Park Road's financial statements including balance sheet as of April 30, 2017 and the related statements of income, retained earnings and changes in financial position for the period then ended.

 

"Material" or "Materially", as used in connection with events, contingencies, claims or other matters (or a series of related such matters) expressly relating in the Agreement to any particular asset of Park Road or the business of Park Road as the case may be, shall include such matters as a reasonably prudent investor would consider important (either, individually, or when considering the collective effect of all such matters) in deciding whether to purchase such assets, the Park Road Shares, or the business of Park Road on the terms provided herein.

 

"Person" shall mean any individual, sole proprietorship, partnership, joint venture, trust, unincorporated organization, association, limited liability company, corporation, institution, public benefit corporation, entity or government (whether federal, provincial, county, city, municipal or otherwise, including, without limitation, any instrumentality, division, agency, body or department thereof).

 

"Purchase Price" shall mean the aggregate consideration to be paid to the Park Road Shareholder pursuant to Section 2.1 (a).

 

"Securities Laws" means the securities legislation having application, the regulations and rules thereunder and all administrative policy statements, instruments, blanket orders, notices, directions and rulings issued or adopted by the applicable securities regulatory authority, all as amended.

 

"Taxes" means all taxes and other governmental charges of any kind whatsoever including without limitation, all federal, state, municipal or other governmental imposed income tax, capital tax, capital gains tax, transfer tax, value-added tax, sales tax, social services, health, payroll and employment taxes, duty, customs, or import duties and any penalty charges or interest in respect of the forgoing.

 

 

ARTICLE 2

PURCHASE AND SALE

 

	
2.1

	
Purchase and Sale

	
(a)

	
Prior to the execution of this Agreement, Park Road and Park Road Shareholder shall cause Park Road Solutions, LLC to be reorganized into its successor Park Road Solutions, Inc.  All references herein will designate Park Road post-reorganization.

	
(b)

	
Subject to the terms and conditions of this Agreement, the Park Road Shareholder agrees to sell all of his ownership interest in and to the Park Road Shares, as described in Schedule 2.1(a), to the Acquiror free and clear of all encumbrances and the Acquiror agrees to purchase all of the Park Road Shares.

 

 

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AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

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(c)

 

	
As consideration for the Park Road Shares, Eight Dragons shall issue to the Park Road Shareholder an aggregate of 80,000 Eight Dragons Payment Shares at the Market Price (as such term is defined in the Exchange Corporate Financial Manual) of the Eight Dragons Shares on the Closing Date.

ARTICLE 3

REPRESENTATIONS AND WARRANTIES RELATING TO PARK ROAD

 

Park Road represents and warrants as of the date of this Agreement and again as of the date of Closing Date to Eight Dragons and the Acquiror as follows:

 

	
3.1

	
Organization, Power and Qualification

Park Road is a corporation duly incorporated, organized and validly subsisting under the laws of the State of Florida, and has all requisite corporate power and authority to own or hold under lease its properties and assets and to carry on its business as now conducted. Park Road is duly qualified to do business and is in good standing in every jurisdiction in which a failure to so qualify could have a Material adverse effect upon its properties, assets, financial conditions, results of operation or business prospects. True and complete copies of the Articles of Incorporation, as amended to date, and the by-laws, as amended to date, of Park Road have been furnished to Eight Dragons. Park Road has taken all actions required by law, its Articles of Incorporation, or otherwise, to authorize the execution and delivery of this Agreement.  Park Road has full power, authority, and legal right and has taken all action required by law, its Articles of Incorporation, and otherwise, to consummate the transactions herein contemplated.

 

	
3.2

	
Capitalization

The authorized capitalization of Park Road consists of common stock of which ________ shares are currently issued and outstanding, representing all the issued and outstanding shares of Park Road.  All of the currently issued and outstanding stock in the capital of Park Road are duly authorized, validly issued and outstanding, as fully paid and non-assessable and have not been issued in violation of any shareholder rights under applicable law, or of the certificate or articles of incorporation or by-laws or the terms of any agreement to which Park Road is a party or by which Park Road is bound. Park Road has no outstanding subscriptions, options, warrants, rights or other agreements granting to any person, firm or corporation any interest in or right to acquire from the Corporation at any time, or upon the happening of any stated event, any shares in the capital of the Corporation, or any interest therein

 

	
3.3

	
Subsidiary Corporations

Park Road does not have any predecessor corporation(s) or subsidiaries, and does not own, beneficially or of record, any shares of any other corporations

 

 

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AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

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3.4

	
No Violation

Neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated hereby will constitute a violation of, or be in conflict with, or result in a cancellation of, or constitute a default under, or create (or cause the acceleration of the maturity of) any debt, obligation or liability affecting, or result in the creation or imposition of any security interest, lien, or other encumbrance upon any of the assets owned or used by, or any of the capital stock of, Park Road under:

 

	
(a)

	
any term or provision of the certificate or articles of incorporation or by-laws of Park Road;

	
(b)

	
any contract, agreement, indenture, lease or other commitment to which Park Road or the Park Road Shareholder is or are party or by which Park Road or the Park Road Shareholder is or are bound;

	
(c)

	
any judgment, decree, order, regulation or rule of any court or governmental authority; or

	
(d)

	
any statute or law.

No consent of, or notice to, any federal, state, or local authority, or any private person or entity, is required to be obtained or given by the Park Road Shareholder or Park Road in connection with the execution, delivery or performance of this Agreement or any other agreement or document to be executed, delivered or performed hereunder by the Park Road Shareholder or Park Road.

 

	
3.5

	
Financial Statements

The Financial Statements (i) have been prepared in accordance with US GAAP and fairly present the financial condition, assets and liabilities (whether accrued, absolute, contingent or otherwise) of Park Road as of the respective dates thereof and the results of operations and changes in financial position of Park Road for the periods covered thereby; (ii) Park Road has no liabilities with respect to the payment of any federal, state, local or other taxes (including any deficiencies, interest or penalties), except for taxes accrued but not yet due and payable; and (iii) Park Road has filed all federal, state or local income and/or franchise tax returns required to be filed by it from inception to the date hereof and each of such income tax returns reflects the taxes due for the period covered thereby including fiscal 2015 and 2016. Park Road will have issued a K-1 to the Park Road shareholder up to and including the date the limited liability company reorganizes into a “C” corporation and the Park Road Shareholder shall be responsible (and indemnify Eight Dragons) for all outstanding taxes due from Park Road as a consequence of being a limited liability company.

 

	
3.6

	
Absence of Certain Changes

Since the date of the Financial Statements, there has not been any Material adverse change in the condition (financial or otherwise) of the properties, assets, liabilities, results of operation or business prospects of Park Road.

 

 

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AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

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3.7

	
Liabilities and Obligations

Park Road will not at Closing have any liabilities or obligations (direct or indirect, contingent or absolute, matured or unmatured) of any nature whatsoever, whether arising out of contract, tort, statute or otherwise, other than the liabilities and obligations.

 

	
3.8

	
Title to and Condition of Assets

Park Road has good and marketable title to all of its properties, inventory, interests in properties, and assets, real and personal, which are reflected in the Financial Statements (except properties, inventory, interests in properties, and assets sold or otherwise disposed of since such date in the ordinary course of business), free and clear of all liens, pledges, charges, or encumbrances except (a) statutory liens or claims not yet delinquent, (b) such imperfections of title and easements as do not and will not materially detract from or interfere with the present or proposed use of the properties subject thereto or affected thereby or otherwise materially impair present business operations on such properties.  Park Road owns, free and clear of any liens, claims, encumbrances or other restrictions or limitations of any nature whatsoever, any and all products it is currently manufacturing, including the underlying technology and data, and all intellectual property, procedures, techniques, marketing plans, business plans, methods of management, or other information utilized in connection with Park Road's business.  No third party has any right to, and Park Road has not received any notice of infringement of or conflict with asserted rights of others with respect to any product, technology, data, trade secrets, know-how, propriety techniques, trademarks, service marks, trade names, or copyrights which, individually or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would Materially affect the business, operations, financial condition, income, or business prospects of Park Road or any material portion of its properties, assets, or rights.

 

	
3.9

	
Contracts

	
(a)

	
Except as disclosed in Schedule 3.9, there are no contracts, agreements, franchises, license agreements, debt instruments or other commitments to which Park Road is a party or by which it or any of its assets, products, technology, or properties are bound other than those incurred in the ordinary course of business which (i) will remain in effect for more than six (6) months after the date of this Agreement, and (ii) involves aggregate obligations of at least twenty-five thousand dollars ($25,000);

	
(b)

	
Park Road is not a party to or bound by, and the properties of Park Road are not subject to any contract, agreement, other commitment or instrument; any charter or other corporate restriction; or any judgment, order, writ, injunction, decree, or award which materially and adversely affects, the business operations, properties, assets, or financial condition of Park Road;

	
(c)

	
Except as included or described in Schedule 3.9 or reflected in the Financial Statements, Park Road is not a party to any oral or written (i) contract for the employment of any officer or employee which is not terminable on 30 days, or less notice; (ii) profit sharing, bonus, deferred compensation, stock option, severance pay, pension benefit or retirement plan; (iii) agreement, contract, or indenture relating to the borrowing of money; (iv) guaranty of any obligation, other than one on which Park Road is a primary obligor, for the borrowing of money or otherwise, excluding endorsements made for collection and other guaranties of obligations which, in the aggregate do not exceed more than one year or providing for payments in excess of $25,000 in the aggregate; (v) agreement with any present or former officer or director of Park Road; and

 

 

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AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

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(d)

	
and all such contracts are now in good standing and in full force and effect without amendments thereto and is entitled to all benefits thereunder.

	
3.10

	
No Default, Violation or Litigation

Park Road is not in violation of any law, regulation or order of any court or federal, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality including, without limitation, laws, regulations, orders, restrictions and compliance schedules applicable to environmental standards and controls, wages and hours, human rights and occupational health and safety. There are no lawsuits, proceedings, claims or governmental investigations pending or, to the knowledge of the Park Road Shareholder, threatened against, or involving, Park Road or against its property or business. There is no basis known to the Park Road Shareholder for any such action which could have a material adverse effect upon the properties, assets, liabilities, financial condition, results of operations or business prospects of Park Road or its right to conduct its business as presently conducted. There are no judgments, consents, decrees, injunctions, or any other judicial or administrative mandates outstanding against Park Road.

 

	
3.11

	
Employment, Labor and Other Relations

Park Road is not a party to or is otherwise bound by any contract, agreement or collective bargaining agreement with any labor union or organization.

 

	
3.12

	
Employee Benefits

Park Road does not have, and never has had, any pension, retirement, savings, disability, medical, dental, health, life (including any individual life insurance policy to which Park Road makes premium payments, whether or not Park Road is the owner, beneficiary or both of such policy), death benefit, group insurance, profit sharing, deferred compensation, stock option, bonus, incentive, vacation pay, severance pay, or other employee benefit plan, trust, arrangement, contract, agreement, policy or commitment.

 

	
3.13

	
Patents, etc.

	
(a)

	
Park Road is the sole owner of all rights, title and interest in the Intellectual Property and owns, possesses or has licenses or similar rights to utilize all other patents, trademarks, trade names, service marks, franchises, and technology necessary for the conduct of its business as presently conducted without any infringement of or conflict with the rights of others. All such patents, trademarks, trade names, service marks and franchises, or applications therefore, are disclosed in Schedule 3.13 and all licenses therefore are disclosed in Schedule 3.13, and Park Road's interests therein are similarly disclosed.

	
(b)

	
There have never been, and are not currently, any disputes of any kind regarding the Intellectual Property, including, without limitation, any disputes regarding infringement, validity or ownership of the intellectual property rights relating to the Intellectual Property.

 

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AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

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(c)

	
No person has made any claim or allegation that any of the Intellectual Property or rights relating thereto do not belong to Park Road or that use of the Intellectual Property in any way violate their intellectual property rights, and Park Road is not aware of any claim or potential claim or allegation of this nature or that may impact the ability of Eight Dragons or its permitted assigns to use the Intellectual Property.

	
(d)

	
Park Road has the uninterrupted use of the Intellectual Property and to the practice of the methods and inventions as provided for by Park Road.

	
3.14

	
Approvals

Park Road possesses or has applied for all material governmental and other permits, licenses, consents, certificates, orders, authorizations and approvals (the "Approvals") to own or hold under lease and operate its property and assets and to carry on its business as now conducted. Neither the Park Road Shareholder nor Park Road has received any notice of proceedings relating to the revocation or modification of any such Approvals which, singly or in the aggregate, if the subject of an unfavourable ruling or finding, could materially adversely affect the properties, assets, financial condition, results of operation or business prospects of Park Road.

 

	
3.15

	
Transactions with Affiliates

Park Road is not indebted to and has no liabilities or obligations for any amounts or obligations owing to or in favor of the Park Road Shareholder or any of their Affiliates.

 

	
3.16

	
Corporate Records

All of the minute books and stock record books of Park Road have been made available to Eight Dragons and its agents for inspection, are accurate and correct in all material respects, and contain all of the corporate minutes and stock records of Park Road from inception to the date hereof. Such minutes and records for the period from this date to the Closing Date will be made available to Eight Dragons on or before Closing. All accounts, books, ledgers, financial and other records of whatsoever kind of Park Road have been fully, properly and accurately maintained in all material respects and all transactions of Park Road that are reflected therein are truly and accurately reflected in all material respects.

 

	
3.17

	
Confidential Information and Employee Intentions

To the best knowledge of the Park Road Shareholder and Park Road:

 

	
(a)

	
each present employee, officer, director, agent or consultant of Park Road possessing confidential know-how regarding the business or assets Park Road has maintained the confidentiality of said know-how and has not and is not known to intend to use any such know-how of Park Road in a competitive business; and

	
(b)

	
no key employee intends to establish or join a business competitive thereto.

 

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AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

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3.18

	
Other Material Adverse Information

Except as expressly set forth in this Agreement and the Schedules or in the Financial Statements, Park Road has no knowledge of any facts which will or may reasonably be expected to have any Material adverse effect on the value of the business or goodwill of Park Road, or upon its prospects or earning power.

 

	
3.19

	
Disclosure

No representation or warranty of Park Road made hereunder or in the Schedules or in any certificate, statement or other document delivered by or on behalf of Park Road contains any untrue statement of a material fact or omits to state a material fact necessary in order to make the statements contained herein or therein not misleading. Copies of all documents referred to herein or in the Schedules have been delivered or made available to Eight Dragons, are true, correct and complete copies thereof, and include all amendments, supplements or modifications thereto or waivers thereunder.

 

ARTICLE 4

ADDITIONAL REPRESENTATIONS AND WARRANTIES OF THE PARK ROAD SHAREHOLDER

 

The Park Road Shareholder severally and not jointly nor jointly and severally, represent and warrant to Eight Dragons as follows:

 

	
4.1

	
Authorization

The Park Road Shareholder has full power and authority to execute and deliver this Agreement and all other agreements and documents to be executed and delivered by the Park Road Shareholder pursuant hereto, and to consummate the transactions contemplated hereby and thereby. This Agreement and all other agreements and documents to be executed and delivered by the Park Road Shareholder pursuant hereto, constitute the valid and binding agreements of the Park Road Shareholder, enforceable in accordance with their respective terms.

 

	
4.2

	
No Violation

Neither the execution and delivery of this Agreement by the Park Road Shareholder, nor of any other agreement or document to be executed and delivered by the Park Road Shareholder pursuant hereto, nor the consummation by the Park Road Shareholder of the transactions contemplated hereby or thereby will constitute a violation of, or be in conflict with, or result in a cancellation of or constitute a default under, or create (or cause the acceleration of the maturity of) any debt, obligation or liability affecting the Park Road Shares owned by the Park Road Shareholder pursuant to, or result in the creation or imposition of any security interest, lien, or other encumbrance upon the Park Road Shares owned by the Park Road Shareholder under:

 

	
(a)

	
any contract, agreement, lease or other commitment to which any Park Road Shareholder is a party or by which any Park Road Shareholder is bound;

	
(b)

	
any judgment, decree, order, regulation or rule of any court or governmental authority; or

 

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AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

Eight Dragons Corporation and Park Road Solutions

 

	
(c)

	
any statute or law.

	
4.3

	
Share Ownership

The Park Road Shareholder is the lawful owner of record and beneficially of the number of Park Road Shares set forth opposite its or his name in Schedule 2.1(b) hereto, free and clear of all mortgages, liens, pledges, charges, security interests, encumbrances or other third party interests of any nature whatsoever, including, without limitation, subscriptions, options, warrants, rights or other agreements granting to any person, firm or corporation any interest in or right to acquire from any Park Road Shareholder at any time, or upon the happening of any stated event, any shares (or interests therein) of the Park Road Shares owned by any Park Road Shareholder.

 

	
4.4

	
Securities Law Representations

The Park Road Shareholder hereby acknowledges and agrees with Eight Dragons that:

 

	
(a)

	
they are acquiring the Eight Dragons Payment Shares for their own account, for investment purposes only and not with a view to any resale, distribution or other disposition of the Securities in violation of the United States securities as contemplated by the provisions of Section 2(11) of the Securities Act of 1933 ("US Securities Act");

	
(b)

	
they are each an "accredited investor" as such term is defined in Rule 501(a) of Regulation D under the US Securities Act;

	
(c)

	
they understand (i) the Eight Dragons Payment Shares have not been and will not be registered under the US Securities Act or the securities laws of any state of the United States; and (ii) the sale contemplated hereby is being made in reliance on an exemption from such registration requirements; and (iii) the Park Road Shareholder has had an opportunity to ask and receive answers to any questions such Park Road Shareholder may have had concerning the terms and conditions of the Agreement and the Eight Dragons Payment Shares, including the merits and risks involved in making an investment decision with respect to the Eight Dragons Payment Shares; and (iv) has obtained any additional information that such Park Road Shareholder has requested;  and (v) has consulted his own tax counsel, accountant or business advisor, respectively, as to legal, tax and related matters concerning the Eight Dragons Payment Shares and understands the economic risks of his investment in the Eight Dragons Payment Shares, including a complete loss of his investment; and

	
(d)

	
the certificates representing the Eight Dragons Payment Shares will bear such legends as required by Securities Laws and the policies of the Exchange and it is the responsibility of the Park Road Shareholder to find out what those restrictions are and to comply with them before selling the Eight Dragons Payment Shares; and

	
(e)

	
they are knowledgeable of, or has been independently advised as to, the applicable laws of that jurisdiction which apply to the sale of the Park Road Shares and the issuance of the Eight Dragons Payment Shares and which may impose restrictions on the resale of such Eight Dragons Payment Shares in that jurisdiction and it is the responsibility of the Park Road Shareholder to find out what those resale restrictions are, and to comply with them before selling the Eight Dragons Payment Shares.

 

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AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

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ARTICLE 5

REPRESENTATIONS AND WARRANTIES OF EIGHT DRAGONS AND THE ACQUIROR

 

Eight Dragons and the Acquiror each jointly represent and warrant to Park Road and the Shareholder as follows:

 

	
5.1

	
Organization and Good Standing

	
(a)

	
Eight Dragons is a corporation duly organized, validly existing and in good standing under the laws of its province of incorporation, and has all requisite corporate power and authority to own or hold under lease its properties and assets and to carry on its business as now conducted. Eight Dragons is duly qualified to do business and is in good standing in every jurisdiction in which a failure to so qualify could have a material adverse effect upon its properties, assets, financial condition, results of operation or business prospects.

	
(b)

	
The Acquiror is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, and has all requisite corporate power and authority to own or hold under lease its properties and assets and to carry on its business as now conducted. It is the intention of the parties that Park Road, following the Closing Date, continue to qualify for scientific research and development grants in the United States.

	
5.2

	
Authorization

Each of Eight Dragons and the Acquiror have all requisite power and authority to execute and deliver this Agreement and all other agreements and documents to be executed and delivered by Eight Dragons and the Acquiror pursuant hereto and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and all other agreements and documents to be executed and delivered by Eight Dragons and the Acquiror pursuant hereto, and the consummation of the transactions contemplated hereby and thereby have been duly authorized by all necessary action on Eight Dragons' and the Acquiror's part and this Agreement and all other agreements and documents to be executed and delivered by each of Eight Dragons and the Acquiror pursuant hereto constitute the valid and binding agreements of Eight Dragons and the Acquiror enforceable against each of Eight Dragons and the Acquiror in accordance with their respective terms (subject, as to the enforcement of remedies, to general principles of equity and to bankruptcy, insolvency and similar laws affecting creditors' rights generally). Other than the acceptance of the Exchange, no consent of, or notice to, any federal, state or local authority, or any other person or entity is required to be obtained or made by Eight Dragons in connection with the execution, delivery and performance of this Agreement and the other agreements and documents to be executed, delivered and performed by Eight Dragons pursuant hereto.

 

	
5.3

	
No Violation

Neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated hereby will constitute a violation of, or be in conflict with, or result in a cancellation of, or constitute a default under, or create (or cause the acceleration of the maturity of) any debt, obligation or liability affecting, or result in the creation or imposition of any security interest, lien, or other encumbrance upon any of the assets owned or used by, or any of the capital stock of, Eight Dragons or the Acquiror under:

 

 

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AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

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(a)

	
any term or provision of the certificate of incorporation or by-laws (or other organic document) of Eight Dragons or the Acquiror;

	
(b)

	
any contract, agreement, indenture, lease or other commitment to which Eight Dragons or the Acquiror are party or by which or the Acquiror are bound;

	
(c)

	
any judgment, decree, order, regulation or rule of any court or governmental authority; or

	
(d)

	
any statute or law.

	
5.4

	
Reporting Issuer Status; Listing

Eight Dragons is a "reporting issuer" under Securities Exchange Act of 1934, as amended and is currently designated a “shell” corporation. The Eight Dragons Shares are listed for trading on the Exchange.

 

	
5.5

	
Public Record

All information and statements filed by or on behalf of Eight Dragons with applicable securities regulatory authorities were true, correct and complete in all material respects and did not contain any misrepresentation as of the date of such information or statements, and Eight Dragons has not filed any confidential material change reports still maintained on a confidential basis under applicable securities laws.

 

	
5.6

	
Share Capital

	
(a)

	
The authorized capital of Eight Dragons consists of an 100,000,000 of Eight Dragons Shares, of which 37,623,644 Eight Dragons Shares are issued and outstanding, all of such Eight Dragons Shares have been duly authorized and validly issued and are outstanding as fully-paid and non-assessable shares. The outstanding Preferred Stock, options, warrants and other convertible securities or rights capable of becoming an equity interest in Eight Dragons are accurately disclosed in the public record. The Eight Dragons Payment Shares be issued to the Park Road Shareholder in accordance with the terms hereof shall be fully paid, non-assessable shares in the capital of Eight Dragons.

	
(b)

	
The authorized capital of the Acquiror consists of an 10,000 shares of common stock of which 10,000 shares are currently issued and outstanding, all of such shares of the Acquiror have been duly authorized and validly issued and are outstanding as fully-paid and non-assessable shares in the capital of the Acquiror. Eight Dragons is the sole registered and beneficial holder of all of the shares in the capital of the Acquiror.

 

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AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

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ARTICLE 6

COVENANTS OF PARK ROAD

 

Park Road covenants and agrees with Eight Dragons that from the date hereof until the Closing or other termination of this Agreement, without the prior written consent of Eight Dragons:

 

	
6.1

	
Operations

Except as otherwise expressly permitted by the terms hereof or as otherwise agreed to in writing by Eight Dragons:

 

	
(a)

	
Park Road shall operate and conduct its business and operate its assets in the normal course of business and in substantial compliance with all applicable laws, rules and regulations;

	
(b)

	
Park Road shall maintain and preserve its rights in the Intellectual Property;

	
(c)

	
Park Road shall not create any liability, debt or obligation other than in furtherance of this transaction;

	
(d)

	
Park Road shall not amend any of its constating documents or by-laws; and

	
(e)

	
Park Road shall not take, agree to take, or knowingly permit to be taken any action or do or knowingly permit to be done anything in the conduct of its business, or otherwise, which would be contrary to or in breach of any of the terms or provisions of this Agreement, or (except as expressly contemplated by this Agreement) which would cause any of the representations, warranties or covenants of Park Road contained herein to be or become untrue.

	
6.2

	
Additional Information

Park Road will make available to Eight Dragons and its authorized agents and accountants for inspection, at reasonable times and under reasonable circumstances, assets, business and financial records, management reports, all tax returns and working papers of Park Road, files and memoranda of their public accountants and outside legal counsel and relevant materials relating its assets or business for the purpose of making such accounting review, legal and audit investigation or examination deemed desirable by Eight Dragons.

 

	
6.3

	
Publicity

None of Park Road, the Park Road Shareholder or any employee, agent, attorney, officer or public accountant of any Park Road Shareholder or Eight Dragons shall issue any oral or written publicity regarding this transaction without prior consultation with and approval of Eight Dragons.

 

 

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AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

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ARTICLE 7

CONDITIONS TO CLOSING

 

	
7.1

	
Mutual Conditions

The respective obligations of each party to consummate the transactions contemplated by this Agreement shall be subject to the condition that no suit, action or other proceeding or investigation shall to the knowledge of any party hereto be threatened or pending before or by any governmental agency or by any third party questioning the legality of this Agreement or the consummation of the transactions contemplated hereby in whole or in part.

 

	
7.2

	
Conditions to the Eight Dragons' and the Acquiror's Obligations

The obligations of Eight Dragons and the Acquiror to consummate the transactions contemplated by this Agreement shall be subject to the fulfilment at or prior to the closing (the "Closing") of each of the following conditions:

 

	
(a)

	
All representations and warranties made by Park Road or the Park Road Shareholder contained in this Agreement, in the Schedules or any other written statement, certificate or other instrument furnished to Eight Dragons by or on behalf of the Park Road Shareholder and Park Road pursuant to this Agreement, shall be true and correct on the date hereof and as of the Closing Date as though such representations and warranties were made as of the Closing Date, and Park Road and the Park Road Shareholder shall have duly performed or complied with all of the obligations to be performed or complied with by it or him under the terms of this Agreement on or prior to Closing.

	
(b)

	
The Park Road Shareholder and Park Road shall have complied with and performed all agreements, covenants and conditions in this Agreement required to be performed and complied with by them on or before the Closing Date, and that all requisite action (corporate and other) in order to consummate this Agreement shall have been properly taken by the Park Road Shareholder and Park Road.

	
(c)

	
No material adverse change shall have occurred in the condition (financial or otherwise) of Park Road, its assets or its business considered as a whole.

	
(d)

	
All material authorizations, consents, waivers, Approvals or other action required in connection with the execution, delivery and performance of this Agreement by the Park Road Shareholder and the consummation by the Park Road Shareholder of the transactions contemplated hereby shall have been obtained, and Park Road or the Park Road Shareholder shall have obtained any authorizations, consents, waivers, approvals or other action required in connection with the execution, delivery and performance of this Agreement to prevent a material breach or default by Park Road or the Park Road Shareholder under any contract to which Park Road or the Park Road Shareholder is or are a party or for the continuation of any agreement to which Park Road is a party and which relates and is material to the business of Park Road.

	
(e)

	
The Park Road Shareholder shall have delivered to Eight Dragons all instruments of assignment, transfer and conveyance of the Park Road Shares, including, without limitation, properly executed stock powers (assignments separate from certificate) and such other closing documents as shall have been reasonably requested by Eight Dragons, all in form and substance reasonably acceptable to Park Road's counsel.

 

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AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

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(f)

	
On the Closing, provided such persons meet all necessary legal and regulatory requirements and are willing and able to act in the positions shown below, the directors and officers of Park Road shall consist of the following persons:

	
(i)

	
 Jordan Fishman (Chief Executive Officer and director);

Park Road shall take all necessary steps to obtain resignations of existing directors and officers in order for these appointments to be effective on Closing.

 

	
(g)

	
At the Closing, Park Road shall deliver resignations of those directors and officers of Park Road who are either not continuing with Park Road or are continuing in a different capacity or role, such resignations to include waivers in respect of any liabilities of Park Road to them in a form acceptable to Eight Dragons, acting reasonably.

	
(h)

	
Eight Dragons shall have received evidence, satisfactory to Eight Dragons and its counsel, that any unanimous shareholders agreement (if any exist) or similar agreement has been terminated on or prior to Closing or, in the alternative, that no unanimous shareholders agreement exists.

	
(i)

	
Eight Dragons shall have satisfactorily completed its due diligence review and audit of Park Road's books and records and operations.

	
(j)

	
Park Road shall be required to deliver the Financial Statements to Eight Dragons.

	
7.3

	
Conditions to the Park Road and Park Road Shareholder' Obligations

The obligations of the Park Road Shareholder and Park Road to consummate the transactions contemplated by this Agreement shall be subject to the fulfilment at or prior to the Closing of each of the following conditions:

 

	
(a)

	
The representations and warranties of Eight Dragons and the Acquiror contained in this Agreement shall be true and correct on the date hereof and as of the Closing Date as though such representations and warranties were made as of the Closing Date, and each of Eight Dragons and the Acquiror shall have duly performed or complied with all of the obligations to be performed or complied with by it under the terms of this Agreement on or prior to Closing.

	
(b)

	
All material authorizations, consents, waivers, approvals or other action required in connection with the execution, delivery and performance of this Agreement by each of Eight Dragons and the Acquiror, and the consummation by Eight Dragons of the transactions contemplated hereby, shall have been obtained including the approval of the Exchange.

 

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AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

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(c)

	
Eight Dragons shall have complied with and performed all agreements, covenants and conditions in this Agreement required to be performed and complied with by it on or before the Closing Date, and that all requisite action (corporate and other) in order to consummate this Agreement shall have been properly taken by Eight Dragons.

	
(d)

	
No material adverse change shall have occurred in the condition (financial or otherwise) of Eight Dragons, its assets or its business.

ARTICLE 8

TERMINATION

 

	
8.1

	
Termination of Agreement

This Agreement and the transactions contemplated hereby may be terminated at any time prior to Closing, as follows:

 

	
(a)

	
By mutual consent of the parties hereto.

	
(b)

	
By Eight Dragons on the one hand or by Park Road on the other hand by reason of the breach by the other in any material respect of any of its or their representations, warranties, covenants or agreements contained in this Agreement which is not cured within five days from the date of written notice of such breach.

	
(c)

	
By Eight Dragons on the one hand or by the Park Road Shareholder on the other hand if the conditions precedent to their respective obligations contained in Sections 7.2 or 7.3 hereof have not been met in all material respects by May 30, 2017 or such later date as may be agreed in writing by Eight Dragons and Park Road (on its own behalf and on behalf of the Park Road Shareholder).

	
(d)

	
By Eight Dragons on the one hand or by the Park Road Shareholder on the other hand if any of the conditions described in Section 7.1 shall not have been fulfilled by May 30, 2017 or such later date as may be agreed in writing by Eight Dragons and Park Road (on its own behalf and on behalf of the Park Road Shareholder).

	
(e)

	
In the event of termination of this Agreement by reason of the breach by any party, then the non-offending party shall have full recourse for any and all loss, costs, damages or liability suffered or incurred by them as a result of the breach by May 30, 2017 or such later date as may be agreed in writing by Eight Dragons and Park Road (on its own behalf and on behalf of the Park Road Shareholder).

ARTICLE 9

SURVIVAL OF REPRESENTATIONS AND WARRANTIES

 

The representations and warranties contained in Article 4 and Article 5 shall survive the Closing Date for a period of 24 months.

 

 

16 | Page

AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

Eight Dragons Corporation and Park Road Solutions

ARTICLE 10

GENERAL PROVISIONS

 

	
10.1

	
Waiver of Terms

Except as otherwise permitted or required hereunder, any of the terms or conditions of this Agreement may be waived at any time by the party or parties entitled to the benefit thereof only by a written notice signed by the party or parties waiving such terms or conditions.

 

	
10.2

	
Amendment of Agreement

Except as otherwise permitted or required hereunder, this Agreement may be amended, supplemented or interpreted at any time only by written instrument duly executed by each of the Park Road Shareholder, Park Road and Eight Dragons.

 

	
10.3

	
Payment of Expenses

The Park Road Shareholder and Eight Dragons shall each pay their or its own expenses, including, without limitation, the expenses of their or its own counsel, investment bankers and accountants, incurred in connection with the preparation, execution and delivery of this Agreement and the other agreements and documents referred to herein and the consummation of the transactions contemplated hereby and thereby.

 

	
10.4

	
Contents of Agreement, Parties in Interest, Assignment

This Agreement and the other agreements and documents referred to herein set forth the entire understanding of the parties with respect to the subject matter hereof. Any previous agreements or understandings between the parties regarding the subject matter hereof are superseded by this Agreement. All representations, warranties, covenants, terms and conditions of this Agreement shall be binding upon and inure to the benefit of and be enforceable by the respective heirs, legal representatives, successors and permitted assigns of the parties hereto.

 

	
10.5

	
Independent Legal Advice

The parties agree that each of them and/or their respective counsel has reviewed and had an opportunity to revise this Agreement and, therefore, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement or any amendments hereto.

 

	
10.6

	
 Notices

All notices, requests, demands and other communications required or permitted to be given hereunder shall be by hand-delivery, e-mail, certified or registered mail, return receipt requested; telex, telecopier, or next day air courier to the parties set forth below. Such notices shall be deemed given: at the time personally delivered, if delivered by hand; three days after deposit in the Canadian mail, if sent by registered mail; upon delivery, with receipt acknowledged, if telecopied; and the next business day after timely delivery to the courier, if sent by courier.

 

 

17 | Page

AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

Eight Dragons Corporation and Park Road Solutions

 

If to Eight Dragons or the Acquiror:

 

95 Merrick Way, Third Floor, Coral Gables, FL 33143

 

Attention: Martin Schmieg, CFO

 

E-mail: martin.schmieg@EDRG.com

 

With a copy to:

 

Joseph I. Emas, Esq.

 

525 93rd Street, Surfside, FL 33154

 

Email: jiemas@josephiemaspa.com

 

If to Park Road and the Park Road Shareholder:

 

3019 Oaktree Lane, Hollywood, FL 33021

 

Attention: Jordon Fishman

 

E-mail: jordon@parkroadsolutions.com

 

Any party hereto may change its notice address by proper notice to the other parties.

 

	
10.7

	
Severability

In the event that any one or more of the provisions contained in this Agreement shall be invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions of this Agreement shall not be in any way impaired.

 

	
10.8

	
Counterparts

This Agreement may be executed (by original, fax or other electronic transmission) in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

	
10.9

	
Headings

The headings of the Sections and the subsections of this Agreement are inserted for convenience of reference only and shall not constitute a part hereof.

 

	
10.10

	
Governing Law; Jurisdiction

This Agreement shall, in all respects, be subject to, interpreted, construed and enforced in accordance with and under the laws of the State of Florida.

 

 

18 | Page

AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

Eight Dragons Corporation and Park Road Solutions

 

	
10.11

	
Instruments of Further Assurance

Each of the parties hereto agrees, upon the request of any of the other parties hereto, from time to time to execute and deliver to such other party or parties all such instruments and documents of further assurance or otherwise as shall be reasonable under the circumstances, and to do any and all such acts and things as may reasonably be required to carry out the obligations of such requested party hereunder.

 

 

 

 

[Remainder of page intentionally left blank]

 

 

 

19 | Page

AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

Eight Dragons Corporation and Park Road Solutions

 

IN WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto on the day and year first above written.

 

	
SIGNED, SEALED & DELIVERED

 in the presence

	 	 
	 	 	 
	 	 	 
	 	 	 
	
/s/ Witness

	 	
/s/ Jordon Fishman

	
Witness

	 	
Jordon Fishman

 

	
EIGHT DRAGONS ACQUISITION I, INC.

	 	 
	 	 
	
Per:

	
/s/ Una Taylor

	 
	 	
Authorized Signing Officer

	
EIGHT DRAGONS COMPANY

	 	 
	 	 
	
Per:

	
/s/ Una Taylor

	 
	 	
Authorized Signing Officer

	
PARK ROAD SOLUTIONS, INC.

	 	 
	 	 
	
Per:

	
/s/ Jordon Fishman

	 
	 	
Authorized Signing Officer

 

 

 

20 | Page

AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

Eight Dragons Corporation and Park Road Solutions

EXHIBIT "A"

 

 

	
1.

 

	
Jordon Fishman

 

 

 

 

 

AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

Eight Dragons Corporation and Park Road Solutions

SCHEDULE 2.1(B)

 

PARK ROAD SHARES

 

	
Name of Park Road Shareholder

	 	
Park Road Shares Owned

	 	
Percentage of Total Park

Road Shares Owned

	 	 	 	 	 
	
Jordon Fishman

	 	 	 	
100.0%

	 	 	 	 	 
	
TOTAL:

	 	 	 	
100%

 

 

 

 

 

 

AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

Eight Dragons Corporation and Park Road Solutions

  

 

SCHEDULE 3.9

 

CONTRACTS

 

 

 

 

 

 

 

AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

Eight Dragons Corporation and Park Road Solutions

  

 

SCHEDULE 3.13

 PATENTS, ETC.

 

 

 

 

 

AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

Eight Dragons Corporation and Park Road Solutions

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