Document:

Exhibit 10.13

 

 

June 3, 2015

 

Andrew Way

6211 Alameda Point Lane

Houston, Texas 77941

 

Re:                             Employment Terms

 

Dear Andrew:

 

On behalf of Exterran Holdings, Inc., a Delaware corporation (the “Company”), I am pleased to offer you the position of Executive Vice President of the Company, effective as of July 1, 2015 (the “Start Date”), on the terms and conditions set forth below.  As you know, the Company is in the process of spinning off a new publicly-traded company, Exterran Corporation (“SpinCo” and such spin-off, the “Spin-Off”), which will own the assets and liabilities associated with the Company’s international services and global fabrication businesses.  Effective as of the effective time of the Spin-Off (the “Effective Time”), you will serve as President and Chief Executive Officer of SpinCo.

 

1.                                      POSITIONS, DUTIES AND RESPONSIBILITIES.  As of the Start Date, you will serve as Executive Vice President of the Company, and shall devote your full business time and efforts to the completion of the Spin-Off.  Effective as of the Effective Time, you will cease to serve as Executive Vice President of the Company and commence service as President and Chief Executive Officer of SpinCo, and will have such duties and responsibilities as are usual and customary for your position.  In addition, as of the Effective Time, subject to your appointment or election to the Board of Directors of SpinCo, you will serve on the Board of Directors of Spinco.  Following the Effective Time, you will report directly to the Board of Directors of SpinCo.  You will work at our offices located in Houston, Texas, except for travel to other locations as may be reasonably necessary to fulfill your responsibilities, and you agree to cooperate in obtaining all necessary visas for purposes of fulfilling your work responsibilities, in particular maintaining your office and principal place of work in Houston, Texas, and will abide by the terms and conditions of such visas.  At the Company’s request, you will serve the Company and/or its subsidiaries and affiliates in other offices, directorships and capacities in addition to the foregoing.  In the event that you serve in any one or more of such additional capacities, your compensation will not be increased beyond that specified in this letter.  You will be expected to devote your full business time and attention to the business and affairs of the Company and the performance of your duties hereunder.  Subject to approval of the Board of Directors of the Company (the “Board”), you will be allowed to participate in one outside directorship of a publicly traded company.

 

2.                                      AT-WILL EMPLOYMENT.  You acknowledge and agree that your employment with the Company is “at-will” and not for any specified time, and may be terminated, with or without cause and with or without notice, at any time by you or the Company; provided, however, that you will be entitled to certain benefits and payments upon certain terminations of employment,

 

 

as described in paragraphs 9 and 10 below.  The nature of your at-will employment relationship cannot be changed except in a writing signed by you and an authorized representative of the Company.

 

3.                                      BASE COMPENSATION.  During your employment with the Company, your base salary will be as set forth on Exhibit A attached hereto (the “Base Salary”), less payroll deductions and all required withholdings, payable in accordance with the Company’s normal payroll practices but no less often than bi-weekly.  Starting in calendar year 2017, your Base Salary will be subject to annual review in the discretion of the Board or a designated committee of the Board.

 

4.                                      SHORT-TERM INCENTIVE.  For each fiscal year of the Company ending during the term of your employment, you will be eligible to receive an annual short-term incentive payment (the “Short-Term Incentive”) upon the achievement of performance objectives to be determined by the Board or a designated committee of the Board in its sole discretion, which will be targeted at a percentage of your Base Salary as set forth on Exhibit A attached hereto (the “Target Short-Term Incentive”), subject to annual review in the discretion of the Board or a designated committee of the Board.  Any such Short-Term Incentive will be paid on the date on which short-term incentives are paid generally to the Company’s executive officers, but in no event later than the fifteenth (15th) day of the third (3rd) month following the end of the fiscal year in which the Short-Term Incentive is earned and, unless otherwise agreed to by the Board or a designated committee of the Board, you must be employed by the Company on the payment date in order to earn such bonus.  Notwithstanding anything to the contrary herein, with respect to fiscal year 2015, you will receive a pro-rated Target Short-Term Incentive (as may be adjusted in the discretion of Board or a designated committee of the Board).

 

5.                                      SIGN-ON BONUS.  On or within fifteen (15) days following the Start Date, the Company will pay you a one-time cash bonus equal to $2,000,000 (the “Sign-On Bonus”).  If either (i) you voluntarily terminate your employment during the period commencing on the Start Date and ending on the first (1st) anniversary thereof (the “First Year”), and, at the time of your termination of employment, the Effective Time has not occurred, or (ii) the Effective Time occurs during the First Year and you voluntarily terminate your employment during the period commencing on the Effective Time and ending on the second (2nd) anniversary of the Start Date, then, in either case, you will be required to repay the full amount of the Sign-On Bonus to the Company upon your termination of employment.

 

6.                                      INITIAL EQUITY AWARD.  As soon as practicable following the Effective Time, SpinCo will grant you a long-term equity incentive award valued at $4,000,000 (the “Initial Award”).  The Initial Award will be granted under and subject to the terms and conditions of SpinCo’s equity incentive plan and the applicable award notice for that grant. The Initial Award will be comprised of shares of SpinCo’s restricted stock, which will vest ratably over the three (3)-year period following the grant date, subject to your continued employment through each applicable vesting date.

 

7.                                      ANNUAL EQUITY AWARDS.  For each fiscal year of the Company during the term of your employment, beginning in 2016, the Company anticipates that you will be granted an

 

2

 

annual equity award value at the amount set forth on Exhibit A attached hereto (the “Annual Award”).  The amount of your Annual Award will be subject to annual review in the discretion of the Board or a designated committee of the Board.  It is anticipated that your Annual Award will be granted in early March of each year, subject to your continued employment through the applicable grant date, in accordance with the Company’s general plans, policies and practices with respect to grants of annual equity awards to its executive officers generally.  The Company, in its sole discretion, will determine the type or types of equity that comprise each Annual Award (which may include, without limitation, restricted stock, stock options, performance shares and/or restricted stock units of the Company) as well as the grant dates and exercise prices, in each case, in accordance with the terms and conditions of the applicable equity plan(s) and award notice(s).  Notwithstanding anything to the contrary herein, if the Effective Time has not occurred by the time annual equity awards are granted by the Company in 2016 to executive officers generally, then you will be considered for an annual equity award at that time valued at the amount set forth on Exhibit A, subject to the discretion of the Board or a designated committee of the Board.

 

8.                                      BENEFITS; PAID TIME OFF.  During your employment with the Company, you will be eligible to participate in all savings, retirement, incentive, health, welfare and perquisite plans (including, but not limited to, medical, dental, disability insurance, life insurance, employee stock purchase, 401(k) and deferred compensation plans and programs) maintained or sponsored by the Company for its executive officers, as in effect from time to time and subject to the terms and conditions thereof.  In addition, you will be entitled to paid time off in accordance with the plans, policies, programs and practices of the Company generally applicable to its executive officers, as in effect from time to time.  Notwithstanding the foregoing, nothing contained in this letter will require or obligate the Company to establish, maintain or continue any particular employee benefit plan, program, policy or benefit.

 

9.                                      NON-CHANGE OF CONTROL SEVERANCE.  On the Start Date, you and the Company will execute a Severance Benefit Agreement in a form prescribed by the Company that is substantially similar to the form of Severance Benefit Agreement previously provided to you by the Company (the “Severance Agreement”).  Subject to and upon the terms and conditions of the Severance Agreement, subject to your timely execution and non-revocation of a release of claims in favor of the Company and its affiliates, you will be entitled to receive certain severance benefits and payments upon certain terminations of your employment with the Company and its affiliates, as described on Exhibit A attached hereto.  At the Effective Time, the Severance Agreement will terminate and you will enter into a new Severance Benefit Agreement with SpinCo that is substantially similar to the Severance Agreement.

 

10.                               CHANGE OF CONTROL SEVERANCE.  In addition, on the Start Date, you and the Company will execute a Change of Control Agreement in a form prescribed by the Company that is substantially similar to the form of Change of Control Agreement previously provided to you by the Company (the “Change of Control Agreement”).  Subject to and upon the terms and conditions of the Change of Control Agreement, subject to your timely execution and non-revocation of a release of claims in favor of the Company and its affiliates, you will be entitled to receive certain severance benefits and payments upon certain terminations of your employment

 

3

 

with the Company and its affiliates in connection with a Change of Control, as described on Exhibit A attached hereto.  At the Effective Time, the Change of Control Agreement will terminate and you will enter into a new Change of Control Agreement with SpinCo that is substantially similar to the Change of Control Agreement.

 

11.                               RESTRICTIVE COVENANTS.  You acknowledge and agree that you will continue to be subject to the Company’s standard policies, if any, relating to non-disparagement, non-solicitation, non-competition and confidentiality, as set forth in the Severance Agreement, the Change of Control Agreement and any other Company policies or plans generally applicable to its executive officers.

 

12.                               STOCK OWNERSHIP REQUIREMENTS.  No later than the fifth (5th) anniversary of the Effective Time, and continuing through the date on which your employment with the Company terminates for any reason, you will be required to hold equity in the Company valued at five (5) times your Base Salary (including unvested equity awards, other than unvested stock options).

 

13.                               CLAWBACK AND RECOUPMENT.  All compensation and benefits payable to you by the Company and/or its affiliates will be subject to any clawback or recoupment requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act and any clawback or recoupment policies that the Company and/or its affiliates may adopt from time to time.

 

14.                               WITHHOLDING.  The Company may withhold from any amounts payable under this letter such federal, state, local or foreign taxes as are required to be withheld pursuant to any applicable law or regulation.

 

15.                               GOVERNING LAW.  This letter shall be governed by, and construed in accordance with, the laws of the State of Texas, without regard to principles of conflict of laws thereof.

 

16.                               ENTIRE AGREEMENT.  As of the Start Date, this letter, together with the Severance Agreement, the Change of Control Agreement and any ancillary agreements between you and the Company, constitutes the final, complete and exclusive agreement between you and the Company with respect to the subject matter of this letter, and supersedes and replaces any and all other agreements, offers or promises, whether oral or written, by the Company, its affiliates or any predecessor employer (or any representative thereof).  You agree that any such prior agreement, offer or promise between you and the Company, its affiliates or any predecessor employer (or any representative thereof), is hereby terminated and will be of no further force or effect, and you acknowledge and agree that upon your execution of this letter, you will have no right or interest in or with respect to any such agreement, offer or promise.

 

17.                               SUCCESSORS; ASSIGNS.  This letter is personal to you and, without the prior written consent of the Company, shall not be assignable by you otherwise than by will or the laws of descent and distribution.  Effective as of the Effective Time, this letter and the Company’s rights, title, benefits, privileges, interests, liabilities and obligations hereunder shall automatically and without further action be assigned by the Company to SpinCo and SpinCo shall assume this letter and the Company’s rights, title, benefits, privileges, interests, liabilities

 

4

 

and obligations hereunder.  From and after the Effective Time, references herein to the “Company” shall be deemed to mean and refer to SpinCo.  This letter shall inure to the benefit of and be binding upon the Company and its successors and assigns (including, without limitation, SpinCo).

 

18.                               ACKNOWLEDGEMENT.  You hereby represent and warrant to the Company that (a) you are entering into this letter voluntarily and that the performance of your duties and responsibilities with the Company will not (i) violate any agreement between you and any other person, firm, organization or other entity, (ii) create any conflict of interest or (iii) result in any transactions with related persons that would require disclosure under U.S. federal securities laws and (b) you are not bound by the terms of any agreement with any previous employer or other party to refrain from competing, directly or indirectly, with the business of such previous employer or other party, in any case, that would be violated by you entering into this letter and/or providing services to the Company pursuant to the terms of this letter.

 

Please confirm your acceptance of, and agreement to, the foregoing terms and conditions by signing and dating this letter in the space provided below and returning it to Mark Sotir, Executive Chairman of the Board, no later than noon Central Time on June 5, 2015.  Please retain one fully-executed original for your files.

 

We look forward to having you begin work with us.

 

	
Sincerely,
    	
 
    
	
 
    	
 
    
	
EXTERRAN HOLDINGS, INC.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Mark Sotir
    	
 
    
	
 
    	
Mark Sotir
    	
 
    
	
 
    	
Executive   Chairman of the Board of Directors
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Agreed and Accepted,
    	
 
    
	
this 3rd day of June, 2015:
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Andrew Way
    	
 
    
	
 
    	
Andrew Way
    	
 
    

 

5

 

EXHIBIT A

 

COMPENSATION TERMS

 

	
Base Salary
    	
 
    	
$750,000 per year
    
	
 
    	
 
    	
 
    
	
Target Short-Term Incentive
    	
 
    	
100% of Base Salary
    
	
 
    	
 
    	
 
    
	
Annual Equity Award Value
    	
 
    	
$3,300,000
    
	
 
    	
 
    	
 
    
	
Non-Change of Control Severance
    	
 
    	
Upon a Qualifying Termination of Employment (as   defined in the Severance Agreement), subject to your timely execution and   non-revocation of a release of claims in favor of the Company and its   affiliates, you will be eligible to receive:

·                  a   lump-sum severance payment equal to (i) one (1) times your Base   Salary plus (ii) one (1) times your Target Short-Term Incentive   plus (iii) your Target Short-Term Incentive prorated through the date of   termination plus (iv) any earned but unpaid Short-Term Incentive for the   fiscal year ending prior to the date of termination;

·                  full   accelerated vesting of your then-outstanding unvested equity awards that   would have otherwise vested during the one (1)-year period following your   termination; and

·                  healthcare   continuation coverage under the Consolidated Omnibus Budget Reconciliation   Act of 1985 for up to one year following your termination, to the extent   permitted by applicable law.
    
	
 
    	
 
    	
 
    
	
Change of Control Severance
    	
 
    	
Upon a Qualifying Termination of Employment (as   defined in the Change of Control Agreement), subject to your timely execution   and non-revocation of a release of claims in favor of the Company and its   affiliates, you will be eligible to receive:

·                  a   lump-sum severance payment equal to (i) your Severance Multiplier times   your Base Salary plus (ii) your Severance Multiplier times your Target   Short-Term Incentive plus (iii) your Target Short-Term Incentive   prorated through the date of termination plus (iv) any earned but unpaid   Short-Term Incentive for the fiscal year ending prior to the date of   termination;

·                  an   amount equal to two (2) times the total employer matching contributions   that would have been credited to your account under the Company’s   401(k) plan and any deferred compensation plan had you made elective   deferrals or contributions during the twelve (12) months preceding your   termination;

·                  any   amounts previously deferred by you or earned but not previously paid under   the Company’s incentive and nonqualified deferred compensation programs as of   your termination date;

·                  full   accelerated vesting of your then-outstanding unvested equity awards; and

·                  healthcare   continuation coverage under the Consolidated Omnibus Budget Reconciliation   Act of 1985 for up to two (2) years following your termination, to the   extent permitted by applicable law.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
“Severance Multiplier” shall mean:   (A) if such termination occurs prior to the Effective Time, two (2), and   (B) if such termination occurs following the Effective Time, three (3).EX-4.1

 Exhibit 4.1 

STOCKHOLDER’S AND REGISTRATION RIGHTS
AGREEMENT 
 BY AND BETWEEN 

JDS UNIPHASE CORPORATION 

AND 

LUMENTUM HOLDINGS INC. 

DATED AS OF JULY 31, 2015 

 TABLE OF CONTENTS 

 

									
	 	 	 	 	 	  	Page	 
			
	 ARTICLE I
	 	 DEFINITIONS
	  	 	1	  
			
	 Section 1.01
	 	 Definitions
	  	 	1	  
			
	 Section 1.02
	 	 Interpretation
	  	 	6	  
			
	 ARTICLE II
	 	 REGISTRATION RIGHTS
	  	 	7	  
			
	 Section 2.01
	 	 Registration
	  	 	7	  
			
	 Section 2.02
	 	 Piggyback Registrations
	  	 	9	  
			
	 Section 2.03
	 	 Registration Procedures
	  	 	11	  
			
	 Section 2.04
	 	 Underwritten Offerings or Exchange Offers
	  	 	16	  
			
	 Section 2.05
	 	 Registration Rights Agreement with Participating Banks
	  	 	16	  
			
	 Section 2.06
	 	 Registration Expenses Paid by Lumentum
	  	 	17	  
			
	 Section 2.07
	 	 Indemnification
	  	 	17	  
			
	 Section 2.08
	 	 Reporting Requirements; Rule 144
	  	 	19	  
			
	 Section 2.09
	 	 Registration Rights Covenant
	  	 	19	  
			
	 ARTICLE III
	 	 RESTRICTIONS
	  	 	19	  
			
	 Section 3.01
	 	 Voting of Lumentum Common Stock
	  	 	19	  
			
	 Section 3.02
	 	 Corporate Governance Standstill
	  	 	20	  
			
	 Section 3.03
	 	 Specific Performance
	  	 	20	  
			
	 Section 3.04
	 	 Notice of Certain Sales
	  	 	20	  
			
	 ARTICLE IV
	 	 MISCELLANEOUS
	  	 	21	  
			
	 Section 4.01
	 	 Term
	  	 	21	  
			
	 Section 4.02
	 	 Corporate Power; Facsimile Signatures
	  	 	21	  
			
	 Section 4.03
	 	 Governing Law; Submission to Jurisdiction; Waiver of Trial
	  	 	21	  
			
	 Section 4.04
	 	 Dispute Resolution
	  	 	22	  
			
	 Section 4.05
	 	 Survival of Covenants
	  	 	22	  
			
	 Section 4.06
	 	 Waivers of Default
	  	 	22	  
			
	 Section 4.07
	 	 Force Majeure
	  	 	22	  
			
	 Section 4.08
	 	 Successors, Assigns and Transferees
	  	 	22	  
			
	 Section 4.09
	 	 Performance
	  	 	23	  
			
	 Section 4.10
	 	 Notices
	  	 	23	  
			
	 Section 4.11
	 	 Severability
	  	 	24	  
			
	 Section 4.12
	 	 No Reliance on Other Party
	  	 	24	  
			
	 Section 4.13
	 	 Registrations, Exchanges, etc.
	  	 	25	  
			
	 Section 4.14
	 	 Mutual Drafting
	  	 	25	  

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

									
	 	 	 	 	 	  	Page	 
			
	 Section 4.15
	 	 Entire Agreement
	  	 	25	  
			
	 Section 4.16
	 	 Amendment
	  	 	25	  
			
	 Section 4.17
	 	 Rules of Construction
	  	 	25	  
			
	 Section 4.18
	 	 Counterparts
	  	 	26	  

  
 ii 

 STOCKHOLDER’S AND REGISTRATION
RIGHTS AGREEMENT 
 This STOCKHOLDER’S AND
REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made as of July 31, 2015 by and between JDS Uniphase Corporation, a Delaware corporation
(“JDSU”), and Lumentum Holdings Inc., a Delaware corporation and wholly owned subsidiary of JDSU (“Lumentum”). Capitalized terms used herein and not otherwise defined shall have the respective meanings
assigned to them in Section 1.01. 
 RECITALS 

A. Pursuant to the Separation and Distribution Agreement, dated as of [●] (the “Separation and Distribution
Agreement”), by and among JDSU, Lumentum and Lumentum Operations LLC, a Delaware limited liability and wholly owned subsidiary of JDSU (“Lumentum LLC”), Valero will distribute 80% of the outstanding shares of
common stock, par value $0.001 per share, of Lumentum (the “Common Stock”) to JDSU’s stockholders (the “Distribution”). 

B. JDSU may Sell those shares of Common Stock that are not distributed in the Distribution (such shares not distributed in the Distribution,
the “Retained Shares”) through one or more transactions, including pursuant to one or more transactions registered under the Securities Act. 

C. Lumentum desires to grant to the JDSU Group the Registration Rights for the Retained Shares and other Registrable Securities, subject to
the terms and conditions of this Agreement. 
 D. JDSU Group desires to grant Lumentum a proxy to vote the Retained Shares in proportion to
the votes cast by Lumentum’s other stockholders, subject to the terms and conditions of this Agreement. 
 AGREEMENTS

 NOW, THEREFORE, in consideration of the mutual promises contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereto hereby agree as follows: 

ARTICLE I 
 Definitions

 Section 1.01 Definitions. 

As used in this Agreement, the following terms shall have the following meanings: 

“Affiliate” means, when used with respect to a specified Person, a Person that, directly or indirectly, through one or
more intermediaries, controls, is controlled by or is under common control with such specified Person. As used in this definition, the term “control” (including with correlative meanings, “controlled
by” and “under common control with”), when used with respect to any specified Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of
such Person, whether through the ownership of voting securities or other interests, by contract, agreement, obligation, indenture, instrument, lease, promise, arrangement, release, warranty, commitment, undertaking or otherwise. It is expressly
agreed that, from and after the Distribution Date, no member of the Lumentum Group shall be deemed to be an Affiliate of any member of the JDSU Group, and no member of the JDSU Group shall be deemed to be an Affiliate of any member of the Lumentum
Group. 

 “Agreement” has the meaning set forth in the preamble. 

“Ancillary Filings” has the meaning set forth in Section 2.03(a)(i). 

“Blackout Notice” has the meaning set forth in Section 2.01(d). 

“Blackout Period” has the meaning set forth in Section 2.01(d). 

“Board” means the board of directors of Lumentum. 

“Business Day” means any day that is not a Saturday, Sunday or other day on which banking institutions doing business
in New York, New York are authorized or obligated by law or required by executive order to be closed. 
 “Common
Stock” has the meaning set forth in the recitals. 
 “Contribution Agreement” means the Contribution
Agreement, dated as of July 31, 2015, by and between JDSU and Lumentum LLC. 
 “Debt” means any indebtedness of
any member of the JDSU Group, including debt securities, notes, credit facilities, credit agreements and other debt instruments, including, in each case, any amounts due thereunder. 

“Debt Exchanges” means one or more Public Debt Exchanges or Private Debt Exchanges. 

“Demand Registration” has the meaning set forth in Section 2.01(a). 

“Disadvantageous Condition” has the meaning set forth in Section 2.01(d). 

“Dispute” has the meaning set forth in Section 4.03(a). 

“Distribution” has the meaning set forth in the recitals. 

“Distribution Date” means the date and time at which the Distribution occurs. 

“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended, and any successor thereto, and any
rules and regulations promulgated thereunder, all as the same shall be in effect from time to time. 
 “Exchange
Offer” means an exchange offer of Registrable Securities for outstanding securities of a Holder. 
 “Governmental
Authority” means any nation or government, any state, municipality or other political subdivision thereof, and any entity, body, agency, commission, department, board, bureau, court, tribunal or other instrumentality, whether federal,
state, local, domestic, foreign or multinational, exercising executive, legislative, judicial, regulatory, administrative or other similar functions of, or pertaining to, government and any executive official thereof. 

“Holder” means any member of the JDSU Group, so long as such Person holds any Registrable Securities, and any
Permitted Transferee, so long as such Person holds any Registrable Securities. 
 “Indemnifying Party” has the
meaning set forth in Section 2.07(c). 

  
 2 

 “Indemnitee” has the meaning set forth in Section 2.07(c).

 “Initiating Holder” has the meaning set forth in Section 2.01(a). 

“JDSU” has the meaning set forth in the preamble and shall include JDSU’s successors by merger, acquisition,
reorganization or otherwise. 
 “JDSU Group” means JDSU, each Subsidiary of JDSU immediately after the Distribution
Date and each Affiliate of JDSU immediately after the Distribution Date (in each case other than any member of the Lumentum Group). 

“Loss” and “Losses” have the meaning set forth in Section 2.07(a). 

“Lumentum” has the meaning set forth in the preamble and shall include Lumentum’s successors by merger,
acquisition, reorganization or otherwise. 
 “Lumentum Group” means Lumentum, each Subsidiary of Lumentum
immediately after the Distribution Date and each Affiliate of Lumentum immediately after the Distribution Date. 
 “Lumentum
Public Sale” has the meaning set forth in Section 2.02(a). 
 “Lumentum LLC” has the
meaning set forth in the recitals. 
 “Offering Confidential Information” means, with respect to a Piggyback
Registration, (i) Lumentum’s plan to file the relevant Registration Statement and engage in the offering so registered, (ii) any information regarding the offering being registered (including the potential timing, price, number of
shares, underwriters or other counterparties, selling stockholders or plan of distribution) and (iii) any other information (including information contained in draft supplements or amendments to offering materials) provided to any Holders by
Lumentum (or by third parties) in connection with a Piggyback Registration; provided, that Offering Confidential Information shall not include information that (x) was or becomes generally available to the public (including as a result
of the filing of the relevant Registration Statement) other than as a result of a disclosure by any Holder, (y) was or becomes available to any Holder from a source not bound by any confidentiality agreement with Lumentum or (z) was
otherwise in such Holder’s possession prior to it being furnished to such Holder by Lumentum or on Lumentum’s behalf. 

“Other Holders” has the meaning set forth in Section 2.01(f). 

“Participating Banks” means such investment banks or other Persons that are not part of the JDSU Group that engage in
any Debt Exchange with one or more members of the JDSU Group. 
 “Permitted Transferee” means any Transferee, any
Subsequent Transferee. 
 “Person” means an individual, a general or limited partnership, a corporation, a trust, a
joint venture, an unincorporated organization, a limited liability entity, any other entity and any Governmental Authority. 

“Piggyback Registration” has the meaning set forth in Section 2.02(a). 

“Private Debt Exchange” means a private exchange pursuant to which one or more members of the JDSU Group shall Sell
some or all of their Registrable Securities to one or more Participating Banks in exchange, directly or indirectly, for any equity interest of JDSU or the satisfaction of Debt, in a transaction or series of transactions not required to be registered
under the Securities Act. 

  
 3 

 “Prospectus” means the prospectus included in any Registration Statement,
all amendments and supplements to such prospectus, including post-effective amendments, and all other material incorporated by reference in such prospectus. 

“Public Debt Exchange” means a public exchange pursuant to which one or more members of the JDSU Group shall Sell some
or all of their Registrable Securities to one or more Participating Banks in exchange, directly or indirectly, for any equity interest of JDSU or the satisfaction of Debt, in a transaction or series of transactions registered under the Securities
Act. 
 “Registrable Securities” means the Retained Shares and any shares of Common Stock or other securities issued
with respect to, in exchange for, or in replacement of such Retained Shares; provided, that the term “Registrable Securities” excludes any security (i) the offering and Sale of which has been effectively registered under the
Securities Act and which has been Sold in accordance with a Registration Statement, (ii) that has been Sold by a Holder in a transaction or transactions exempt from the registration and prospectus delivery requirements of the Securities Act
under Section 4(1) thereof (including transactions pursuant to Rule 144) such that the further Sale of such securities by the transferee or assignee is not restricted under the Securities Act or (iii) that has been Sold by a Holder in a
transaction in which such Holder’s rights under this Agreement are not, or cannot be, assigned. 
 “Registrable Securities
then outstanding” means the number of shares of Common Stock which are Registrable Securities and (i) are then issued and outstanding or (ii) are then issuable pursuant to the exercise or conversion of options, warrants or
convertible securities. 
 “Registration” means a registration with the SEC of the offer and Sale to the public of
any Registrable Securities under a Registration Statement. The terms “Register” and “Registering” shall have correlative meanings. 

“Registration Expenses” means all expenses incident to the Lumentum Group’s performance of or compliance with
this Agreement, including all (i) registration, qualification and filing fees, (ii) fees and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements of counsel in connection with blue sky
qualifications within the United States of any Registrable Securities being registered), (iii) printing expenses, messenger, telephone and delivery expenses, (iv) internal expenses of Lumentum Group (including all salaries and expenses of
employees of members of Lumentum Group performing legal or accounting duties), (v) fees and disbursements of counsel for Lumentum and customary fees and expenses for independent certified public accountants retained by the Lumentum Group
(including the expenses of any comfort letters or costs associated with the delivery by Lumentum Group members’ independent certified public accountants of comfort letters customarily requested by underwriters) and (vi) fees and expenses
of listing any Registrable Securities on any securities exchange on which the shares of Common Stock are then listed and Financial Industry Regulatory Authority registration and filing fees; but excluding any fees or disbursements of any Holder, all
expenses incurred in connection with the printing, mailing and delivering of copies of any Registration Statement, any Prospectus, any other offering documents and any amendments and supplements thereto to any underwriters and dealers; any
underwriting discounts, fees or commissions attributable to the offer and Sale of any Registrable Securities, any fees and expenses of the underwriters or dealer managers, the cost of preparing, printing or producing any agreements among
underwriters, underwriting agreements and blue sky or legal investment memoranda, any selling agreements and any other similar documents in connection with the offering, Sale, distribution or delivery of the Registrable Securities or other shares of
Common Stock to be Sold, including any fees of counsel for any underwriters in connection with the 

  
 4 

 
qualification of the Registrable Securities or other shares of Common Stock to be Sold for offering and Sale or distribution under state securities laws, any stock transfer taxes, out-of-pocket costs and expenses relating to any investor presentations on any “road show” presentations undertaken in connection with marketing of the Registrable
Securities and any fees and expenses of any counsel to the Holder or the underwriters or dealer managers. 
 “Registration
Period” has the meaning set forth in Section 2.01(c). 
 “Registration Rights” means the
rights of the Holders to cause Lumentum to Register Registrable Securities pursuant to Article II. 
 “Registration
Statement” means any registration statement of Lumentum filed with, or as the context permits to be filed with, the SEC under the rules and regulations promulgated under the Securities Act, including the related Prospectus, amendments
and supplements to such registration statement, including post-effective amendments, and all exhibits and all material incorporated by reference into such registration statement. For the avoidance of doubt, it
is acknowledged and agreed that such Registration Statement may be on any form that shall be applicable, including Form S-1, Form S-3 or Form S-4 and may be a Shelf Registration Statement. 
 “Retained Shares” has the
meaning set forth in the recitals. 
 “Sale” means the direct or indirect transfer, sale, assignment or other
disposition of a security. The terms “Sell” and “Sold” shall have correlative meanings. 

“SEC” means the U.S. Securities and Exchange Commission. 

“Securities Act” means the U.S. Securities Act of 1933, as amended, and any successor thereto, and any rules and
regulations promulgated thereunder, all as the same shall be in effect from time to time. 
 “Separation and Distribution
Agreement” has the meaning set forth in the recitals. 
 “Shelf Registration Statement” means a
Registration Statement of Lumentum for an offering of Registrable Securities to be made on a delayed or continuous basis pursuant to Rule 415 under the Securities Act (or similar provisions then in effect). 

“Subsequent Transferee” has the meaning set forth in Section 4.06(b). 

“Subsidiary” means, with respect to any Person, any corporation, limited liability company, joint venture or
partnership of which such Person (i) beneficially owns, either directly or indirectly, more than fifty percent (50%) of (x) the total combined voting power of all classes of voting securities of such Person, (y) the total
combined equity interests or (z) the capital or profit interests, in the case of a partnership, or (ii) otherwise has the power to vote, either directly or indirectly, sufficient securities to elect a majority of the board of directors or
similar governing body. 
 “Transferee” has the meaning set forth in Section 4.06(b). 

“Underwritten Offering” means a Registration in which Registrable Securities are Sold to an underwriter or
underwriters on a firm commitment basis for reoffering to the public. 

  
 5 

 Section 1.02 Interpretation. 

In this Agreement, unless the context clearly indicates otherwise: 

(a) words used in the singular include the plural, and words used in the plural include the singular; 

(b) references to any Person include such Person’s successors and assigns but, if applicable, only if such successors and assigns are
permitted by this Agreement, and a reference to such Person’s “Affiliates” or “Subsidiaries” shall be deemed to mean such Person’s Affiliates or Subsidiaries, as applicable, following the Distribution Date; 

(c) any reference to any gender includes the other gender and the neuter; 

(d) the words “include,” “includes” and “including” shall be deemed to be followed by the words “without
limitation”; 
 (e) the words “shall” and “will” are used interchangeably and have the same meaning; 

(f) the word “or” shall have the inclusive meaning represented by the phrase “and/or”; 

(g) any reference to any Article, Section, Exhibit or Schedule means such Article or Section of, or such Exhibit or Schedule to, this
Agreement, as the case may be, and references in any Section or definition to any clause means such clause of such Section or definition; 

(h) the words “herein,” “hereunder,” “hereof,” “hereto” and words of similar import shall be deemed
references to this Agreement as a whole and not to any particular Section or other provision of this Agreement; 
 (i) any reference to any
agreement, instrument or other document means such agreement, instrument or other document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof and by this Agreement; 

(j) any reference to any law (including statutes and ordinances) means such law (including all rules and regulations promulgated thereunder)
as amended, modified, codified or reenacted, in whole or in part, and in effect at the time of determining compliance or applicability; 

(k) relative to the determination of any period of time, “from” means “from and including,” “to” means “to
but excluding” and “through” means “through and including”; 
 (l) the table of contents and titles to Articles
and headings of Sections contained in this Agreement have been inserted for convenience of reference only and shall not be deemed to be a part of or to affect the meaning or interpretation of this Agreement; 

(m) any portion of this Agreement obligating a party to take any action or refrain from taking any action, as the case may be, shall mean
that such party shall also be obligated to cause its relevant Subsidiaries to take such action or refrain from taking such action, as the case may be; 

  
 6 

 (n) the language of this Agreement shall be deemed to be the language the parties hereto have
chosen to express their mutual intent, and no rule of strict construction shall be applied against any party; and 
 (o) except as
otherwise indicated, all periods of time referred to herein shall include all Saturdays, Sundays and holidays; provided, however, that if the date to perform the act or give any notice with respect to this Agreement shall fall on a day other
than a Business Day, such act or notice may be performed or given timely if performed or given on the next succeeding Business Day. 

ARTICLE II 
 Registration
Rights 
 Section 2.01 Registration. 

(a) Prior to the fifth anniversary of the Distribution Date, any Holder(s) of 10% or more of the then outstanding Registrable Securities (and
any Holders acting together which collectively hold 10% or more of the then outstanding Registrable Securities) (collectively, the “Initiating Holder”; provided, that the 10% ownership threshold shall not apply to any
Holder that is a member of the JDSU Group) shall have the right to request that Lumentum file a Registration Statement with the SEC on the appropriate registration form for all or part of the Registrable Securities held by such Initiating Holder, by
delivering a written request thereof to Lumentum specifying the number of shares of Registrable Securities such Initiating Holder wishes to register (a “Demand Registration”). Lumentum shall (i) within five days of the
receipt of a Demand Registration, give written notice of such Demand Registration to all Holders of Registrable Securities, (ii) use its reasonable best efforts to prepare and file the Registration Statement as expeditiously as possible but in
any event within 30 days of such request, and (iii) use its best efforts to cause the Registration Statement to become effective in respect of each Demand Registration in accordance with the intended method of distribution set forth in the
written request delivered by the Initiating Holder. Lumentum shall include in such Registration all Registrable Securities with respect to which Lumentum receives, within the 10 days immediately following the receipt by the Holder(s) of such notice
from Lumentum, a request for inclusion in the Registration from the Holder(s) thereof. Each such request from a Holder of Registrable Securities for inclusion in the Registration shall also specify the aggregate amount of Registrable Securities
proposed to be Registered. The Initiating Holder may request that the Registration Statement be on any appropriate form, including Form S-4 in the case of an Exchange Offer or a Shelf Registration Statement,
and Lumentum shall effect the Registration on the form so requested. 
 (b) The Holder(s) may collectively make a total of three Demand
Registration requests pursuant to Section 2.01(a) (including any exercise of rights to Demand Registration transferred pursuant to Section 4.06 and including any exercise of rights to Demand Registration made pursuant to any
registration rights agreement entered into pursuant to Section 2.05); provided that the Holder(s) may not make more than two Demand Registration requests in any 365-day period. In addition,
and notwithstanding anything to the contrary, the JDSU Group shall be permitted on a one-time basis to engage in up to three related Private Debt Exchanges within any
six-month period during the first eighteen months following the date hereof, and each Demand Registration request made by the Participating Banks in such Private Debt Exchanges pursuant to one or more
registration rights agreements with Lumentum pursuant to Section 2.05 shall collectively count only as one Demand Registration request (with such request date deemed to be the date of the first of the requests made pursuant to the
applicable Private Debt Exchanges) for purposes of the limitation on the number of Demand Registration requests set forth in the first sentence of this Section 2.01(b) (it being understood that the JDSU Group shall be permitted to engage
in additional Private Debt Exchanges outside such six-month period, but each Demand Registration request by the Participating Banks for such Private Debt 

  
 7 

 
Exchange pursuant to its registration rights agreement with Lumentum pursuant to Section 2.05 shall count as an additional Demand Registration request for purposes of the limitation
on the number of Demand Registration requests set forth in the first sentence of this Section 2.01(b)). 
 (c) Lumentum shall
be deemed to have effected a Registration for purposes of this Section 2.01 if the Registration Statement is declared effective by the SEC or becomes effective upon filing with the SEC and remains effective until the earlier of
(i) the date when all Registrable Securities thereunder have been Sold and (ii) 60 days from the effective date of the Registration Statement (or, in the case of a Shelf Registration Statement filed to satisfy a request for a Demand
Registration, from the date the Shelf Registration Statement is declared effective with the SEC or becomes effective upon filing with the SEC and remains effective until the date when all of the Registrable Securities thereunder have been sold) (the
“Registration Period”). No Registration shall be deemed to have been effective if the conditions to closing specified in the underwriting agreement or dealer manager agreement, if any, entered into in connection with such
Registration are not satisfied by reason of a wrongful act, misrepresentation or breach of such applicable underwriting agreement or dealer manager agreement by any member of the Lumentum Group. If during the Registration Period, such Registration
is interfered with by any stop order, injunction or other order or requirement of the SEC or other Governmental Authority or the need to update or supplement the Registration Statement, the Registration Period shall be extended on a day-for-day basis for any period in which the Holder(s) is unable to complete an offering as a result of such stop order, injunction or other order or requirement of the SEC
or other Governmental Authority. 
 (d) With respect to any Registration Statement, whether filed or to be filed pursuant to this
Agreement, if Lumentum shall reasonably determine, upon the advice of legal counsel, that maintaining the effectiveness of such Registration Statement or filing an amendment or supplement thereto (or, if no Registration Statement has yet been filed,
filing such a Registration Statement) would (i) require the public disclosure of material nonpublic information concerning any transaction or negotiations involving Lumentum or any of its consolidated Subsidiaries that would materially
interfere with such transaction or negotiations or (ii) require the public disclosure of material nonpublic information concerning Lumentum at a time when its directors and executive officers are restricted from trading in Lumentum’s
securities (a “Disadvantageous Condition”), Lumentum may, for the shortest period reasonably practicable, and in any event for not more than 30 consecutive calendar days (a “Blackout Period”), notify
the Holders whose offers and Sales of Registrable Securities are covered (or to be covered) by such Registration Statement (a “Blackout Notice”) that such Registration Statement is unavailable for use (or will not be filed as
requested). Upon the receipt of any such Blackout Notice, the Holders shall forthwith discontinue use of the Prospectus contained in any effective Registration Statement; provided, that, if at the time of receipt of such Blackout Notice any
Holder shall have Sold its Registrable Securities (or have signed a firm commitment underwriting agreement with respect to the purchase of such shares) and the Disadvantageous Condition is not of a nature that would require a post-effective amendment to the Registration Statement, then Lumentum shall use its commercially reasonable efforts to take such action as to eliminate any restriction imposed by federal securities laws on the
timely delivery of such Registrable Securities. When any Disadvantageous Condition as to which a Blackout Notice has been previously delivered shall cease to exist, Lumentum shall as promptly as reasonably practicable notify the Holders and take
such actions in respect of such Registration Statement as are otherwise required by this Agreement. The effectiveness period for any Demand Registration for which Lumentum has given notice of a Blackout Period shall be increased by the length of
time of such Blackout Period. Lumentum shall not impose, in any 365-day period, Blackout Periods lasting, in the aggregate, in excess of 60 calendar days. If Lumentum declares a Blackout Period with respect to
a Demand Registration for a Registration Statement that has not yet been declared effective, (i) the Holders may by notice to Lumentum withdraw the related Demand Registration request without such Demand Registration request counting against
the number of Demand Registration requests permitted to be made under Section 2.01(b) and (ii) the Holders shall not be responsible for any of Lumentum’s related Registration Expenses. 

  
 8 

 (e) If the Initiating Holder so indicates at the time of its request pursuant to
Section 2.01(a), such offering of Registrable Securities shall be in the form of an Underwritten Offering or an Exchange Offer, and Lumentum shall include such information in the written notice to the Holders required under
Section 2.01(a). In the event that the Initiating Holder intends to Sell the Registrable Securities by means of an Underwritten Offering or Exchange Offer, the right of any Holder to include Registrable Securities in such registration
shall be conditioned upon such Holder’s participation in such Underwritten Offering or Exchange Offer and the inclusion of such Holder’s Registrable Securities in the Underwritten Offering or the Exchange Offer to the extent provided
herein. The Holders of a majority of the outstanding Registrable Securities being included in any Underwritten Offering or Exchange Offer shall select the underwriter(s) in the case of an Underwritten Offering or the dealer manager(s) in the case of
an Exchange Offer, provided that such underwriter(s) or dealer manager(s) are reasonably acceptable to Lumentum. Lumentum shall be entitled to designate counsel for such underwriter(s) or dealer manager(s) (subject to their approval), provided that
such designated underwriters’ counsel shall be a firm of national reputation representing underwriters or dealer managers in capital markets transactions. 

(f) If the managing underwriter or underwriters of a proposed Underwritten Offering of Registrable Securities included in a Registration
pursuant to this Section 2.01 inform(s) in writing the Holders participating in such Registration that, in its or their opinion, the number of securities requested to be included in such Registration exceeds the number that can be Sold
in such offering without being likely to have a significant adverse effect on the price, timing or distribution of the securities offered or the market for the securities offered, the number of Registrable Securities to be included in such
Registration shall be reduced to the maximum number recommended by the managing underwriter or underwriter and allocated pro rata among the Holders, including the Initiating Holder, in proportion to the number of Registrable Securities each Holder
has requested to be included in such Registration; provided, that the Initiating Holder may notify Lumentum in writing that the Registration Statement shall be abandoned or withdrawn, in which event Lumentum shall abandon or withdraw such
Registration Statement. In the event the Initiating Holder notifies Lumentum that such Registration Statement shall be abandoned or withdrawn, such Holder shall not be deemed to have requested a Demand Registration pursuant to
Section 2.01(a), and Lumentum shall not be deemed to have effected a Demand Registration pursuant to Section 2.01(b). If the amount of Registrable Securities to be underwritten has not been limited in accordance with the
first sentence of this Section 2.01(f), Lumentum and the holders of Common Stock or, if the Registrable Securities include securities other than Common Stock, the holders of securities of the same class of those securities included in
the Registrable Securities, in each case, other than the Holders (“Other Holders”), may include such securities for their own account or for the account of Other Holders in such Registration if the underwriter(s) so agree and
to the extent that, in the opinion of such underwriter(s), the inclusion of such additional amount will not adversely affect the offering of the Registrable Securities included in such Registration. 

Section 2.02 Piggyback Registrations. 

(a) Prior to the earlier to occur of the fifth anniversary of the Distribution Date or the date on which the Registrable Securities then held
by the Holder(s) represents less than 1% of Lumentum’s then-issued and outstanding Common Stock (or, if the Registrable Securities include securities other than Common Stock, less than 1% of
Lumentum’s then-issued and outstanding securities of the same class as the securities included in the Registrable Securities), if Lumentum proposes to file a Registration Statement (other than a Shelf
Registration) or a Prospectus supplement filed pursuant to a Shelf Registration Statement under the Securities Act with respect to any offering of such securities for its 

  
 9 

 
own account and/or for the account of any Other Holders (other than (i) a Registration under Section 2.01, (ii) a Registration pursuant to a Registration Statement on Form S-8 or Form S-4 or similar form that relates to a transaction subject to Rule 145 under the Securities Act, (iii) in connection with any dividend reinvestment or similar
plan, (iv) for the sole purpose of offering securities to another entity or its security holders in connection with the acquisition of assets or securities of such entity or any similar transaction or (v) a Registration in which the only
Common Stock being registered is Common Stock issuable upon conversion of debt securities that are also being registered) (a “Lumentum Public Sale”), then, as soon as practicable, but in any event not less than 15 days prior
to the proposed date of filing such Registration Statement, Lumentum shall give written notice of such proposed filing to each Holder, and such notice shall offer such Holders the opportunity to Register under such Registration Statement such number
of Registrable Securities as each such Holder may request in writing (a “Piggyback Registration”). Subject to Section 2.02(b) and Section 2.02(c), Lumentum shall use its commercially reasonable efforts
to include in a Registration Statement with respect to a Lumentum Public Sale all Registrable Securities that are requested to be included therein within five Business Days after the receipt of any such notice; provided, however, that if, at
any time after giving written notice of its intention to Register any securities and prior to the effective date of the Registration Statement filed in connection with such Registration, Lumentum shall determine for any reason not to Register or to
delay Registration of the Lumentum Public Sale, Lumentum may, at its election, give written notice of such determination to each such Holder and, thereupon, (x) in the case of a determination not to Register, shall be relieved of its obligation
to Register any Registrable Securities in connection with such Registration, without prejudice, however, to the rights of any Holder to request that such Registration be effected as a Demand Registration under Section 2.01 and
(y) in the case of a determination to delay Registration, shall be permitted to delay Registering any Registrable Securities for the same period as the delay in Registering such other shares of Common Stock in the Lumentum Public Sale. No
Registration effected under this Section 2.02 shall relieve Lumentum of its obligation to effect any Demand Registration under Section 2.01. For purposes of clarification, Lumentum’s filing of a Shelf Registration
Statement shall not be deemed to be a Lumentum Public Sale; provided, however, that any prospectus supplement filed pursuant to a Shelf Registration Statement with respect to an offering of Lumentum’s Common Stock for its own account
and/r for the account of any other Persons will be a Lumentum Public Sale unless such offering qualifies for an exemption from the Lumentum Public Sale definition in this Section. 

(b) In the case of any Underwritten Offering, each Holder shall have the right to withdraw such Holder’s request for inclusion of its
Registrable Securities in such Underwritten Offering pursuant to Section 2.02(a) at any time prior to the execution of an underwriting agreement with respect thereto by giving written notice to Lumentum of such Holder’s request to
withdraw and, subject to the preceding clause, each Holder shall be permitted to withdraw all or part of such Holder’s Registrable Securities from a Piggyback Registration at any time prior to the effective date thereof. 

(c) If the managing underwriter or underwriters of any proposed Underwritten Offering of a class of Registrable Securities included in a
Piggyback Registration informs Lumentum and each Holder in writing that, in its or their opinion, the number of securities of such class that such Holder and any other Persons intend to include in such offering exceeds the number that can be Sold in
such offering without being likely to have an adverse effect on the price, timing or distribution of the securities offered or the market for the securities offered, then the securities to be included in such Registration shall be (i) first,
all securities of Lumentum and any other Persons (other than Lumentum’s executive officers and directors) for whom Lumentum is effecting the Registration, as the case may be, proposes to Sell, (ii) second, the number, if any, of
Registrable Securities of such class that, in the opinion of such managing underwriter or underwriters, can be Sold without having such adverse effect, with such number to be allocated pro rata among the Holders that have requested to participate in
such Registration based on the relative number of Registrable Securities of such class requested by such Holder to be included in such Sale, (iii) third, the number of securities of executive officers and directors of Lumentum for whom

  
 10 

 
Lumentum is effecting the Registration, as the case may be, with such number to be allocated pro rata among the executive officers and directors and (iv) fourth, any other securities
eligible for inclusion in such Registration, allocated among the holders of such securities in such proportion as Lumentum and those holders may agree. 

(d) After a Holder has been notified of its opportunity to include Registrable Securities in a Piggyback Registration, such Holder
(i) shall treat the Offering Confidential Information as confidential information, (ii) shall not use any Offering Confidential Information for any purpose other than to evaluate whether to include its Registrable Securities (or other
shares of Common Stock) in such Piggyback Registration and (iii) shall not disclose any Offering Confidential Information to any Person other than such of its agents, employees, advisors and counsel as have a need to know such Offering
Confidential Information, and to cause such agents, employees, advisors and counsel to comply with the requirements of this Section 2.02(d); provided, that any such Holder may disclose Offering Confidential Information if such
disclosure is required by legal process, but such Holder shall cooperate with Lumentum to limit the extent of such disclosure through protective order or otherwise, and to seek confidential treatment of the Offering Confidential Information. 

Section 2.03 Registration Procedures. 

(a) In connection with Lumentum’s Registration obligations under Section 2.01 and Section 2.02, Lumentum shall
use its reasonable best efforts to effect such Registration to permit the offer and Sale of such Registrable Securities in accordance with the intended method or methods of distribution thereof as expeditiously as reasonably practicable, and in
connection therewith, Lumentum shall, and shall cause the members of the Lumentum Group to: 
 (i) prepare and file the required
Registration Statement, including all exhibits and financial statements and, in the case of an Exchange Offer, any document required under Rule 425 or Rule 165 with respect to such Exchange Offer (collectively, the “Ancillary
Filings”) required under the Securities Act to be filed therewith, and before filing with the SEC a Registration Statement or Prospectus, or any amendments or supplements thereto, (A) furnish to the underwriters or dealer managers,
if any, and to the Holders, copies of all documents prepared to be filed, which documents shall be subject to the review and comment of such underwriters or dealer managers and such Holders and their respective counsel, and provide such underwriters
or dealers managers, if any, and such Holders and their respective counsel reasonable time to review and comment thereon and (B) not file with the SEC any Registration Statement or Prospectus or amendments or supplements thereto or any
Ancillary Filing to which the Holders or the underwriters or dealer managers, if any, shall reasonably object; 
 (ii) prepare and file
with the SEC such amendments and post-effective amendments to such Registration Statement and supplements to the Prospectus and any Ancillary Filing as may be reasonably requested by the participating Holders;

 (iii) promptly notify the participating Holders and the managing underwriters or dealer managers, if any, and, if requested, confirm
such advice in writing and provide copies of the relevant documents, as soon as reasonably practicable after notice thereof is received by any member of the Lumentum Group (A) when the applicable Registration Statement or any amendment thereto
has been filed or becomes effective, the applicable Prospectus or any amendment or supplement to such Prospectus has been filed, or any Ancillary Filing has been filed, (B) of any comments (written or oral) by the SEC or any request (written or
oral) by the SEC or any other Governmental Authority for amendments or supplements to such Registration Statement, such Prospectus or any Ancillary Filing, or for any additional information, (C) of the issuance by the SEC of any stop order
suspending the effectiveness of such Registration Statement, any order preventing or suspending the use of any preliminary or final 

  
 11 

 
Prospectus or any Ancillary Filing, or the initiation or threatening of any proceedings for such purposes, (D) if, at any time, the representations and warranties (written or oral) in any
applicable underwriting agreement or dealer manager agreement cease to be true and correct in all material respects and (E) of the receipt by any member of the Lumentum Group of any notification with respect to the suspension of the
qualification of the Registrable Securities for offering or Sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; 

(iv) (A) promptly notify each participating Holder and the managing underwriter(s) or dealer manager(s), if any, when Lumentum becomes
aware of the occurrence of any event as a result of which the applicable Registration Statement, the Prospectus included in such Registration Statement (as then in effect) or any Ancillary Filing contains any untrue statement of a material fact or
omits to state a material fact necessary to make the statements therein (in the case of such Prospectus and any preliminary Prospectus, in light of the circumstances under which they were made) not misleading, or if for any other reason it shall be
necessary during such time period to amend or supplement such Registration Statement, Prospectus or any Ancillary Filing in order to comply with the Securities Act, and (B) in either case, as promptly as reasonably practicable thereafter,
prepare and file with the SEC, and furnish without charge to each participating Holder and the underwriter(s) or dealer manager(s), if any, an amendment or supplement to such Registration Statement, Prospectus or Ancillary Filing that will correct
such statement or omission or effect such compliance; 
 (v) use its reasonable best efforts to prevent or obtain the withdrawal of any
stop order or other order suspending the use of any preliminary or final Prospectus; 
 (vi) promptly (A) incorporate in a Prospectus
supplement or post-effective amendment such information as the managing underwriter(s) or dealer manager(s), if any, and the Holders agree should be included therein relating to the plan of distribution with
respect to such Registrable Securities and (B) make all required filings of such Prospectus supplement or post-effective amendment as soon as reasonably practicable after being notified of the matters to
be incorporated in such Prospectus supplement or post-effective amendment; 
 (vii) furnish to each
participating Holder and each underwriter or dealer manager, if any, without charge, as many conformed copies as such Holder or underwriter or dealer manager may reasonably request of the applicable Registration Statement and any amendment or post-effective amendment thereto, including financial statements and schedules, all documents incorporated therein by reference and all exhibits (including those incorporated by reference); 

(viii) deliver to each participating Holder and each underwriter or dealer manager, if any, without charge, as many copies of the applicable
Prospectus (including each preliminary Prospectus) and any amendment or supplement thereto as such Holder or underwriter or dealer manager may reasonably request (it being understood that Lumentum consents to the use of such Prospectus or any
amendment or supplement thereto by each participating Holder and the underwriter(s) or dealer manager(s), if any, in connection with the offering and Sale of the Registrable Securities covered by such Prospectus or any amendment or supplement
thereto) and such other documents as such participating Holder or underwriter or dealer manager may reasonably request in order to facilitate the Sale of the Registrable Securities by such Holder or underwriter or dealer manager; 

(ix) on or prior to the date on which the applicable Registration Statement is declared effective or becomes effective, use its reasonable
best efforts to register or qualify, and cooperate with each participating Holder, the managing underwriter(s) or dealer manager(s), if any, and their respective counsel, in connection with the registration or qualification of, such Registrable
Securities for offer and Sale under the securities or “blue sky” laws of each state and other jurisdiction of the United 

  
 12 

 
States as any participating Holder or managing underwriter(s) or dealer manager(s), if any, or their respective counsel reasonably request, and in any foreign jurisdiction mutually agreeable to
Lumentum and the participating Holders, and do any and all other acts or things reasonably necessary or advisable to keep such registration or qualification in effect for so long as such Registration Statement remains in effect and so as to permit
the continuance of offers and Sales and dealings in such jurisdictions for so long as may be necessary to complete the distribution of the Registrable Securities covered by the Registration Statement; provided that Lumentum will not be
required to qualify generally to do business in any jurisdiction where it is not then so qualified, to take any action which would subject it to taxation or general service of process in any such jurisdiction where it is not then so subject or
conform its capitalization or the composition of its assets at the time to the securities or blue sky laws of any such jurisdiction; 
 (x)
in connection with any Sale of Registrable Securities that will result in such securities no longer being Registrable Securities, cooperate with each participating Holder and the managing underwriter(s) or dealer manager(s), if any, to
(A) facilitate the timely preparation and delivery of certificates representing Registrable Securities to be Sold and not bearing any restrictive Securities Act legends and (B) register such Registrable Securities in such denominations and
such names as such participating Holder or the underwriter(s) or dealer manager(s), if any, may request at least two Business Days prior to such Sale of Registrable Securities; provided that Lumentum may satisfy its obligations hereunder
without issuing physical stock certificates through the use of the Depository Trust Company’s Direct Registration System; 
 (xi)
cooperate and assist in any filings required to be made with the Financial Industry Regulatory Authority and each securities exchange, if any, on which any of Lumentum’s securities are then listed or quoted and on each inter-dealer quotation system on which any of Lumentum’s securities are then quoted, and in the performance of any due diligence investigation by any underwriter or dealer manager (including any “qualified
independent underwriter”) that is required to be retained in accordance with the rules and regulations of each such exchange, and use its reasonable best efforts to cause the Registrable Securities covered by the applicable Registration
Statement to be registered with or approved by such other Governmental Authorities as may be necessary to enable the seller or sellers thereof or the underwriter(s) or dealer manager(s), if any, to consummate the Sale of such Registrable Securities;

 (xii) not later than the effective date of the applicable Registration Statement, provide a CUSIP number for all Registrable Securities
and provide the applicable transfer agent with printed certificates for the Registrable Securities which are in a form eligible for deposit with the Depository Trust Company; provided, that Lumentum may satisfy its obligations hereunder
without issuing physical stock certificates through the use of the Depository Trust Company’s Direct Registration System; 
 (xiii)
obtain for delivery to and addressed to each participating Holder and to the underwriter(s) or dealer manager(s), if any, opinions from the general counsel or deputy general counsel for Lumentum, in each case dated the effective date of the
Registration Statement or, in the event of an Underwritten Offering, the date of the closing under the underwriting agreement or, in the event of an Exchange Offer, the date of the closing under the dealer manager agreement or similar agreement or
otherwise, and in each such case in customary form and content for the type of Underwritten Offering or Exchange Offer, as applicable; 

(xiv) in the case of an Underwritten Offering or Exchange Offer, obtain for delivery to and addressed to Lumentum and the managing
underwriter(s) or dealer manager(s), if any, and, to the extent requested, each participating Holder, a cold comfort letter from Lumentum’s 

  
 13 

 
independent registered public accounting firm in customary form and content for the type of Underwritten Offering or Exchange Offer, dated the date of execution of the underwriting agreement or
dealer manager agreement or, if none, the date of commencement of the Exchange Offer, and brought down to the closing, whether under the underwriting agreement or dealer manager agreement, if applicable, or otherwise; 

(xv) in the case of an Exchange Offer that does not involve a dealer manager, provide to each participating Holder such customary written
representations and warranties or other covenants or agreements as may be requested by any participating Holder comparable to those that would be included in an underwriting or dealer manager agreement; 

(xvi) use its reasonable best efforts to comply with all applicable rules and regulations of the SEC and make generally available to its
security holders, as soon as reasonably practicable, but in any event no later than 90 days, after the end of the 12-month period beginning with the first day of Lumentum’s first quarter commencing after
the effective date of the applicable Registration Statement, an earnings statement satisfying the provisions of Section 11(a) of the Securities Act and covering the period of at least 12 months, but not more than 18 months, beginning with the
first month after the effective date of the Registration Statement; 
 (xvii) provide and cause to be maintained a transfer agent and
registrar for all Registrable Securities covered by the applicable Registration Statement from and after a date not later than the effective date of such Registration Statement; 

(xviii) cause all Registrable Securities covered by the applicable Registration Statement to be listed on each securities exchange on which
any of Lumentum’s securities are then listed or quoted and on each inter-dealer quotation system on which any of Lumentum’s securities are then quoted; 

(xix) provide (A) each Holder participating in the Registration, (B) the underwriters (which term, for purposes of this Agreement,
shall include any Person deemed to be an underwriter within the meaning of Section 2(11) of the Securities Act), if any, of the Registrable Securities to be registered, (C) the Sale or placement agent therefor, if any, (D) the dealer
manager therefor, if any, (E) counsel for such Holder, underwriters, agent, or dealer manager and (F) any attorney, accountant or other agent or representative retained by such Holder or any such underwriter or dealer manager, as selected
by such Holder, in each case, the opportunity to participate in the preparation of such Registration Statement, each Prospectus included therein or filed with the SEC, and each amendment or supplement thereto; and for a reasonable period prior to
the filing of such Registration Statement, upon execution of a customary confidentiality agreement, make available for inspection upon reasonable notice at reasonable times and for reasonable periods, by the parties referred to in clauses
(A) through (F) above, all pertinent financial and other records, pertinent corporate and other documents and properties of the Lumentum Group that are available to Lumentum, and cause all of the Lumentum Group’s officers, directors
and employees and the independent public accountants who have certified its financial statements to make themselves available at reasonable times and for reasonable periods to discuss the business of Lumentum and to supply all information available
to Lumentum reasonably requested by any such Person in connection with such Registration Statement as shall be necessary to enable them to exercise their due diligence or other responsibility, subject to the foregoing; provided, that in no
event shall any member of the Lumentum Group be required to make available any information which the Board determines in good faith to be competitively sensitive or confidential. The recipients of such information shall coordinate with one another
so that the inspection permitted hereunder will not unnecessarily interfere with the Lumentum Group’s conduct of business. Each Holder agrees that information obtained by it as a result of such inspections shall be deemed confidential and shall
not be 

  
 14 

 
used by it as the basis for any market transactions in the securities of Lumentum or its Affiliates unless and until such information is made generally available to the public by Lumentum or such
Affiliate or for any reason not related to the Registration of Registrable Securities; 
 (xx) in the case of an Underwritten Offering or
Exchange Offer registering 25% or more of the Retained Shares, cause the senior executive officers of Lumentum to participate at reasonable times and for reasonable periods in the customary “road show” presentations that may be reasonably
requested by the managing underwriter(s) or dealer manager(s), if any, and otherwise to facilitate, cooperate with, and participate in each proposed offering contemplated herein and customary selling efforts related thereto, except to the extent
that such participation materially interferes with the management of Lumentum’s business; provided that the effectiveness period for any Demand Registration shall be increased on a day-for-day basis by the period of time that management
cannot participate; 
 (xxi) comply with all requirements of the Securities Act, Exchange Act and other applicable laws, rules and
regulations, as well as all applicable stock exchange rules; and 
 (xxii) take all other customary steps reasonably necessary or advisable
to effect the Registration and distribution of the Registrable Securities contemplated hereby. 
 (b) As a condition precedent to any
Registration hereunder, Lumentum may require each Holder as to which any Registration is being effected to furnish to Lumentum such information regarding the distribution of such securities and such other information relating to such Holder, its
ownership of Registrable Securities and other matters as Lumentum may from time to time reasonably request in writing. Each such Holder agrees to furnish such information to Lumentum and to cooperate with Lumentum as reasonably necessary to enable
Lumentum to comply with the provisions of this Agreement. 
 (c) Each Holder shall, as promptly as reasonably practicable, notify Lumentum,
at any time when a Prospectus is required to be delivered (or deemed delivered) under the Securities Act, of the occurrence of an event, of which such Holder has knowledge, relating to such Holder or its Sale of Registrable Securities thereunder
requiring the preparation of a supplement or amendment to such Prospectus so that, as thereafter delivered (or deemed delivered) to the purchasers of such Registrable Securities, such Prospectus will not contain an untrue statement of a material
fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they are made, not misleading. 

(d) JDSU agrees (on behalf of itself and each member of the JDSU Group), and any other Holder agrees by acquisition of such Registrable
Securities, that, upon receipt of any written notice from Lumentum of the occurrence of any event of the kind described in Section 2.03(a)(iv), such Holder will forthwith discontinue Sale of Registrable Securities pursuant to such
Registration Statement until such Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 2.03(a)(iv), or until such Holder is advised in writing by Lumentum that the use of the Prospectus
may be resumed, and if so directed by Lumentum, such Holder will deliver to Lumentum, at Lumentum’s expense, all copies of the Prospectus covering such Registrable Securities current at the time of receipt of such notice. In the event Lumentum
shall give any such notice, the period during which the applicable Registration Statement is required to be maintained effective shall be extended by the number of days during the period from and including the date of the giving of such notice
through the date when each seller of Registrable Securities covered by such Registration Statement either receives the copies of the supplemented or amended Prospectus contemplated by Section 2.03(a)(iv) or is advised in writing by
Lumentum that the use of the Prospectus may be resumed. 

  
 15 

 Section 2.04 Underwritten Offerings or Exchange Offers. 

(a) If requested by the managing underwriter(s) for any Underwritten Offering or dealer manager(s) for any Exchange Offer that is requested
by Holders pursuant to a Demand Registration under Section 2.01, Lumentum shall enter into an underwriting agreement or dealer manager agreement, as applicable, with such underwriter(s) or dealer manager(s) for such offering, such
agreement to be reasonably satisfactory in substance and form to Lumentum and the underwriter(s) or dealer manager(s) and, if any member of the JDSU Group is a participating Holder, to such member of the JDSU Group. Such agreement shall contain such
representations and warranties by Lumentum and such other terms as are generally prevailing in agreements of that type. Each Holder with Registrable Securities to be included in any Underwritten Offering or Exchange Offer by such underwriter(s) or
dealer manager(s) shall enter into such underwriting agreement or dealer manager agreement at the request of Lumentum, which agreement shall contain such reasonable representations and warranties by the Holder and such other reasonable terms as are
generally prevailing in agreements of that type. 
 (b) In the event of a Lumentum Public Sale involving an offering of Common Stock or
other equity securities of Lumentum in an Underwritten Offering (whether in a Demand Registration or a Piggyback Registration, whether or not the Holders participate therein), the Holders hereby agree, and, in the event of a Lumentum Public Sale of
Common Stock or other equity securities of Lumentum in an Underwritten Offering or an Exchange Offer, Lumentum shall agree, and it shall cause its executive officers and directors to agree, if requested by the managing underwriter or underwriters in
such Underwritten Offering or by the Holder or the dealer manager or dealer managers, in an Exchange Offer, not to effect any Sale or distribution (including any offer to Sell, contract to Sell, short Sale or any option to purchase) of any
securities (except, in each case, as part of the applicable Registration, if permitted hereunder) that are of the same type as those being Registered in connection with such public offering and Sale, or any securities convertible into or
exchangeable or exercisable for such securities, during the period beginning five days before, and ending 90 days (or such lesser period as may be permitted by Lumentum or the participating Holder(s), as applicable, or such managing underwriter or
underwriters or dealer manager or managers) after, the effective date of the Registration Statement filed in connection with such Registration (or, if later, the date of the Prospectus), to the extent timely notified in writing by such selling
Person or the managing underwriter or underwriters or dealer manager or dealer managers. The participating Holders and Lumentum, as applicable, also agree to execute an agreement evidencing the restrictions in this Section 2.04(b) in
customary form, which form is reasonably satisfactory to Lumentum or the participating Holder(s), as applicable, and the underwriter(s) or dealer manager(s), as applicable; provided that such restrictions may be included in the underwriting
agreement or dealer manager agreement, if applicable. Lumentum may impose stop-transfer instructions with respect to the securities subject to the foregoing restriction until the end of the required stand-off period described in the first sentence of this Section 2.04(b). 
 (c) No Holder
may participate in any Underwritten Offering or Exchange Offer hereunder unless such Holder (i) agrees to Sell such Holder’s securities on the basis provided in any underwriting arrangements or dealer manager agreements approved by
Lumentum or other Persons entitled to approve such arrangements and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements, dealer manager agreements and other documents reasonably required
under the terms of such underwriting arrangements or dealer manager agreements or this Agreement. 
 Section 2.05 Registration
Rights Agreement with Participating Banks. 
 If one or more members of the JDSU Group decides to engage in a Private Debt Exchange with
one or more Participating Banks, Lumentum shall enter into a registration rights agreement with the 

  
 16 

 
Participating Banks in connection with such Private Debt Exchange on terms and conditions consistent with this Agreement (other than the voting provisions contained in Article III hereof) and
reasonably satisfactory to Lumentum and the JDSU Group. 
 Section 2.06 Registration Expenses Paid by Lumentum. 

In the case of any Registration of Registrable Securities required pursuant to this Agreement, Lumentum shall pay all Registration Expenses
regardless of whether the Registration Statement becomes effective; provided, however, that Lumentum shall not be required to pay for any expenses of any Registration begun pursuant to Section 2.01 if the Demand Registration
request is subsequently withdrawn at the request of the Holders of a majority of the Registrable Securities to be Registered (in which case all participating Holders shall bear such expenses), unless the Holders of a majority of the Registrable
Securities agree to forfeit their right to one Demand Registration to which they have the right during the period in question pursuant to Section 2.01(b). 

Section 2.07 Indemnification. 

(a) Lumentum agrees to indemnify and hold harmless, to the full extent permitted by law, each Holder whose shares are included in a
Registration Statement, such Holder’s Affiliates and their respective officers, directors, agents, advisors, employees and each Person, if any, who controls (within the meaning of the Securities Act or the Exchange Act) such Holder, from and
against any and all losses, claims, damages, liabilities (or actions or proceedings in respect thereof, whether or not such indemnified party is a party thereto) and expenses, joint or several (including reasonable costs of investigation and legal
expenses) (each, a “Loss” and collectively “Losses”) arising out of or based upon (i) any untrue or alleged untrue statement of a material fact contained in any Registration Statement under which
the offering and Sale of such Registrable Securities was Registered under the Securities Act (including any final or preliminary Prospectus contained therein or any amendment thereof or supplement thereto or any documents incorporated by reference
therein), or any such statement made in any free writing prospectus (as defined in Rule 405 under the Securities Act) that Lumentum has filed or is required to file pursuant to Rule 433(d) of the Securities Act or any Ancillary Filing, (ii) any
omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of a Prospectus, preliminary Prospectus or free writing prospectus, in light of the circumstances
under which they were made) not misleading; provided, that with respect to any untrue statement or omission or alleged untrue statement or omission made in any Prospectus, the indemnity agreement contained in this paragraph shall not apply to
the extent that any such liability or Loss results from or arises out of (A) the fact that a current copy of the Prospectus was not sent or given to the Person asserting any such liability at or prior to the written confirmation of the Sale of
the Registrable Securities concerned to such Person if it is determined by a court of competent jurisdiction in a final and non-appealable judgment that Lumentum has provided such Prospectus and it was the
responsibility of such Holder or its agents to provide such Person with a current copy of the Prospectus and such current copy of the Prospectus would have cured the defect giving rise to such liability, (B) the use of any Prospectus by or on
behalf of any Holder after Lumentum has notified such Person (x) that such Prospectus contains an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading, (y) that a stop order has been issued by the SEC with respect to a Registration Statement or (z) that a Disadvantageous Condition exists, or (C) information
furnished in writing by such Holder or on such Holder’s behalf, in either case expressly for use in such Registration Statement, Prospectus, free writing prospectus or Ancillary Filing relating to such Holder’s Registrable Securities. This
indemnity shall be in addition to any liability Lumentum may otherwise have, including under the Separation and Distribution Agreement. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such
Holder or any indemnified party and shall survive the Sale of such securities by such Holder. 

  
 17 

 (b) Each participating Holder whose Registrable Securities are included in a Registration
Statement agrees (severally and not jointly) to indemnify and hold harmless, to the full extent permitted by law, Lumentum, its directors, officers, agents, advisors, employees and each Person, if any, who controls (within the meaning of the
Securities Act and the Exchange Act) Lumentum from and against any and all Losses (i) arising out of or based upon information furnished in writing by such Holder or on such Holder’s behalf, in either case expressly for use in a
Registration Statement, Prospectus, free writing prospectus or Ancillary Filing relating to such Holder’s Registrable Securities or (ii) resulting from (A) the fact that a current copy of the Prospectus was not sent or given to the
Person asserting any such liability at or prior to the written confirmation of the Sale of the Registrable Securities concerned to such Person if it is determined by a court of competent jurisdiction in a final and
non-appealable judgment that it was the responsibility of such Holder or its agent to provide such Person with a current copy of the Prospectus and such current copy of the Prospectus would have cured the
defect giving rise to such liability, or (B) the use of any Prospectus by or on behalf of any Holder after Lumentum has notified such Person (x) that such Prospectus contains an untrue statement of a material fact or omits to state a
material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, (y) that a stop order has been issued by the SEC with respect to a
Registration Statement or (z) that a Disadvantageous Condition exists. This indemnity shall be in addition to any liability the participating Holder may otherwise have, including under the Separation and Distribution Agreement. In no event
shall the liability of any participating Holder hereunder be greater in amount than the dollar amount of the net proceeds received by such holder under the Sale of the Registrable Securities giving rise to such indemnification obligation. Such
indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of Lumentum or any indemnified party. 

(c) Any claim or action with respect to which a party (an “Indemnifying Party”) may be obligated to provide
indemnification to any Person entitled to indemnification hereunder (an “Indemnitee”) shall be subject to the procedures for indemnification set forth in Article IV of the Contribution Agreement. 

(d) If for any reason the indemnification provided for in Section 2.07(a) or Section 2.07(b) is unavailable to an
Indemnitee or insufficient to hold it harmless as contemplated by Section 2.07(a) or Section 2.07(b), then the Indemnifying Party shall contribute to the amount paid or payable by the Indemnitee as a result of such Loss in
such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand and the Indemnitee on the other hand. The relative fault shall be determined by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Indemnifying Party or the Indemnitee and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such untrue statement or omission. For the avoidance of doubt, the establishment of such relative fault, and any disagreements or disputes relating thereto, shall be subject to Section 4.03.
Notwithstanding anything in this Section 2.07(d) to the contrary, no Indemnifying Party (other than Lumentum) shall be required pursuant to this Section 2.07(d) to contribute any amount in excess of the amount by which the
net proceeds received by such Indemnifying Party from the Sale of Registrable Securities in the offering to which the Losses of the Indemnitees relate (before deducting expenses, if any) exceeds the amount of any damages which such Indemnifying
Party has otherwise been required to pay by reason of such untrue statement or omission. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 2.07(d) were determined by pro rata
allocation or by any other method of allocation that does not take account of the equitable considerations referred to in this Section 2.07(d). No person guilty of fraudulent 

  
 18 

 
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The
amount paid or payable by an Indemnitee hereunder shall be deemed to include, for purposes of this Section 2.07(d), any legal or other expenses reasonably incurred by such Indemnitee in connection with investigating, preparing to defend
or defending against or appearing as a third party witness in respect of, or otherwise incurred in connection with, any such loss, claim, damage, expense, liability, action, investigation or proceeding. If indemnification is available under this
Section 2.07, the Indemnifying Parties shall indemnify each Indemnitee to the full extent provided in Section 2.07(a) and Section 2.07(b) without regard to the relative fault of said Indemnifying Parties or
Indemnitee. Any Holders’ obligations to contribute pursuant to this Section 2.07(d) are several and not joint. 

Section 2.08 Reporting Requirements; Rule 144. 

Until the earlier of (a) the expiration or termination of this Agreement in accordance with its terms and (b) the date upon which
the JDSU Group ceases to own any Registrable Securities, Lumentum shall use its commercially reasonable efforts to be and remain in compliance with the periodic filing requirements imposed under the SEC’s rules and regulations, including the
Exchange Act, and any other applicable laws or rules, and thereafter shall timely file such information, documents and reports as the SEC may require or prescribe under Sections 13, 14 and 15(d), as applicable, of the Exchange Act so that Lumentum
will qualify for registration on Form S-3 and to enable the JDSU Group to Sell Registrable Securities without registration under the Securities Act consistent with the exemptions from registration under the
Securities Act provided by (i) Rule 144 or Regulation S under the Securities Act, as amended from time to time, or (ii) any similar SEC rule or regulation then in effect. From and after the date hereof through the earlier of the expiration
or termination of this Agreement in accordance with its terms and the date upon which the JDSU Group ceases to own any Registrable Securities, Lumentum shall forthwith upon request furnish any Holder (x) a written statement by Lumentum as to
whether it has complied with such requirements and, if not, the specifics thereof, (y) a copy of the most recent annual or quarterly report of Lumentum and (z) such other reports and documents filed by Lumentum with the SEC as such Holder
may reasonably request in availing itself of an exemption for the offering and Sale of Registrable Securities without registration under the Securities Act. 

Section 2.09 Registration Rights Covenant. 

Lumentum covenants that it will not, and it will cause the members of the Lumentum Group not to, without the prior written consent of the
Holder(s) of a majority of the Registrable Securities then outstanding, grant any right of registration under the Securities Act relating to any of its shares of Common Stock or other securities to any Person other than pursuant to this Agreement,
unless the rights so granted to another Person do not limit or restrict the right of the Holder(s) hereunder. For sake of clarity, the registration rights granted in that certain Securities Purchase Agreement by and among JDSU, Lumentum and Amada
Holdings Co., Ltd., dated May 12, 2015, shall be senior to such registration rights granted herein and shall be excluded from the covenant in this Section 2.09. 

ARTICLE III  

Restrictions 

Section 3.01 Voting of Lumentum Common Stock. 

(a) From the date of this Agreement and until the date that the JDSU Group ceases to own any Retained Shares, JDSU shall, and shall cause
each member of the JDSU Group to (in each case, to the extent that they own any Retained Shares), be present, in person or by proxy, at each and every Lumentum stockholder meeting, and otherwise to cause all Retained Shares owned by them to be
counted 

  
 19 

 
as present for purposes of establishing a quorum at any such meeting, and to vote or consent on any matter (including waivers of contractual or statutory rights), or cause to be voted or
consented on any such matter, all such Retained Shares in proportion to the votes actually cast by the other holders of Common Stock on such matter (i.e. not considering abstentions or failure to vote). 

(b) From the date of this Agreement and until the date that the JDSU Group ceases to own any Retained Shares, JDSU hereby grants, and shall
cause each member of the JDSU Group (in each case, to the extent that they own any Retained Shares) to grant, an irrevocable proxy, which shall be deemed coupled with an interest sufficient in law to support an irrevocable proxy to Lumentum or its
designees, to vote, with respect to any matter (including waivers of contractual or statutory rights), all Retained Shares owned by them, in proportion to the votes cast by the other holders of Common Stock on such matter; provided, that
(i) such proxy shall automatically be revoked as to a particular Retained Share upon any Sale of such Retained Share from a member of the JDSU Group to a Person other than a member of the JDSU Group and (ii) nothing in this
Section 3.01(b) shall limit or prohibit any such Sale. The proxy contemplated by thus Section 3.01(b) shall be deemed to be solely for the purpose of enforcing the voting agreement set forth in Section 3.01(a) and
shall not be deemed to have created a shared voting interest within the meaning of Section 13 of the Exchange Act between any member of the JDSU Group and Lumentum Group or its designees. 

Section 3.02 Corporate Governance Standstill. 

(a) From the date of this Agreement and until the date that the JDSU Group ceases to own any Retained Shares, no member of the JDSU Group
(excluding individuals serving as executive officers or directors) shall directly or indirectly (i) seek a seat on the board of directors of Lumentum whether through formal nomination procedures under Lumentum’s Certificate of
Incorporation, as amended, and Bylaws, as amended, or otherwise, and the JDSU Group shall not support any individual for nomination or election to the board of directors of Lumentum (except pursuant to the proportional voting requirements set forth
in Section 3.01); (ii) engage in proxy or written consent solicitations or contests or in any way participate in (other than by voting its shares of Common Stock in a way that does not violate this Agreement), any solicitation
of any proxy, consent or other authority to vote any shares of Common Stock; (iii) submit a stockholder proposal or any other agenda item at or with respect to any stockholder meeting; or (iv) exercise any other rights as a stockholder of
Lumentum in a manner that is intended to influence or control the management, governance or policies of Lumentum. 
 Section 3.03
Specific Performance. 
 (a) JDSU acknowledges and agrees (on behalf of itself and each member of the JDSU Group) that Lumentum will
be irreparably damaged in the event any of the provisions of this Article III are not performed by JDSU in accordance with their terms or are otherwise breached. Accordingly, it is agreed that Lumentum shall be entitled to an injunction to
prevent breaches of this Article III and to specific enforcement of the provisions of this Article III in any action instituted in any court of the United States or any state having subject matter jurisdiction over such action. 

Section 3.04 Notice of Certain Sales. 

(a) From the date of this Agreement and until the date that the JDSU Group ceases to own any Retained Shares, in the event that JDSU intends
to sell 1% or more of the outstanding stock of Lumentum (as of the date of this Agreement) in any continuous thirty (30) calendar day period in a privately negotiated transaction and not through quotation for sale on a listed exchange (a
“Qualified Private Sale”), JDSU shall provide Lumentum ten (10) business days’ notice of such Qualified Private Sale, including the identity of the proposed purchaser and amount of shares proposed to be sold,
provided that Lumentum may consent to shorten such notice period, such consent not to be unreasonably conditioned, delayed or withheld. 

  
 20 

 ARTICLE IV  

Miscellaneous 

Section 4.01 Term. 

This Agreement shall terminate upon the earlier of (a) five years after the Distribution Date, (b) the time at which all Registrable
Securities are held by Persons other than Holders and (c) the time at which all Registrable Securities have been Sold in accordance with one or more Registration Statements; provided, that the provisions of Section 2.06 and
Section 2.07 and this Article IV shall survive any such termination. 
 Section 4.02 Corporate Power;
Facsimile Signatures. 
 (a) JDSU, on behalf of itself and on behalf of other members of the JDSU Group, and Lumentum, on behalf of
itself and on behalf of the other members of the Lumentum Group, hereby represents as follows: 
 (i) each such Person has the requisite
corporate power and authority and has taken all corporate action necessary in order to execute, deliver and perform this Agreement and to consummate the transactions contemplated hereby and thereby; and 

(ii) this Agreement has been duly executed and delivered by it and constitutes a valid and binding agreement of it enforceable in accordance
with the terms thereof. 
 (b) Each party acknowledges that it and each other party is executing this Agreement by facsimile, stamp or
mechanical signature, and that delivery of an executed counterpart of a signature page to this Agreement (whether executed by manual, stamp or mechanical signature) by facsimile or by email in portable document format (.pdf) shall be effective as
delivery of such executed counterpart of this Agreement. Each party expressly adopts and confirms each such facsimile, stamp or mechanical signature (regardless of whether delivered in person, by mail, by courier, by facsimile or by email in .pdf)
made in its respective name as if it were a manual signature delivered in person, agrees that it will not assert that any such signature or delivery is not adequate to bind such party to the same extent as if it were signed manually and delivered in
person and agrees that, at the reasonable request of the other party at any time, it will as promptly as reasonably practicable cause this Agreement to be manually executed (any such execution to be as of the date of the initial date thereof) and
delivered in person, by mail or by courier. 
 Section 4.03 Governing Law; Submission to Jurisdiction; Waiver of Trial. 

(a) This Agreement shall be governed by and construed and interpreted in accordance with the Laws of the State of Delaware without giving
effect to the principles of conflicts of law thereof. 
 (b) Each of JDSU and Lumentum, on behalf of itself and its respective JDSU Group
and Lumentum Group, hereby irrevocably (i) agrees that any Dispute shall be subject to the exclusive jurisdiction of the state and federal courts located in the State of Delaware, (ii) waives any claims of forum non conveniens, and agrees
to submit to the jurisdiction of such courts and (iii) agrees that service of any process, summons, notice or document by U.S. registered mail to its respective address set forth in 

  
 21 

 
Section 4.10 shall be effective service of process for any litigation brought against it in any such court or for the taking of any other acts as may be necessary or appropriate in
order to effectuate any judgment of said courts. 
 Section 4.04 Dispute Resolution. 

In the event of any controversy, dispute or claim (a “Dispute”) arising out of or relating to any party’s rights
or obligations under this Agreement (whether arising in contract, tort or otherwise) (including the interpretation or validity of this Agreement), such Dispute shall be resolved in accordance with the dispute resolution process referred to in
Article VI of the Contribution Agreement. 
 Section 4.05 Survival of Covenants. Except as expressly set forth in this
Agreement, the covenants and other agreements contained in this Agreement, and liability for the breach of any obligations contained herein or therein, shall survive the execution of this Agreement and shall remain in full force and effect. 

Section 4.06 Waivers of Default. A waiver by a party of any default by the other party of any provision of this Agreement shall
not be deemed a waiver by the waiving party of any subsequent or other default, nor shall it prejudice the rights of the waiving party. No failure or delay by a party in exercising any right, power or privilege under this Agreement shall operate as
a waiver thereof, nor shall a single or partial exercise thereof prejudice any other or further exercise thereof or the exercise of any other right, power or privilege. No waiver by any party of any provision of this Agreement shall be effective
unless explicitly set forth in writing and executed by the party so waiving. 
 Section 4.07 Force Majeure. No party (or any
Person acting on its behalf) shall have any liability or responsibility for failure to fulfill any obligation (other than a payment obligation) under this Agreement or, so long as and to the extent to which the fulfillment of such obligation is
prevented, frustrated, hindered or delayed as a consequence of circumstances of Force Majeure. A party claiming the benefit of this provision shall, as soon as reasonably practicable after the occurrence of any such event, (a) notify the other
party of the nature and extent of any such Force Majeure condition and (b) use due diligence to remove any such causes and resume performance under this Agreement as soon as feasible. 

Section 4.08 Successors, Assigns and Transferees. 

(a) This Agreement and all provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and permitted assigns. Lumentum may assign this Agreement to any member of the Lumentum Group or at any time in connection with a sale or acquisition of Lumentum, whether by merger, consolidation, sale of all or substantially all of
Lumentum’s assets, or similar transaction, without the consent of the Holders; provided, that the successor or acquiring Person agrees in writing to assume all of Lumentum’s rights and obligations under this Agreement. JDSU may
assign this Agreement to any member of the JDSU Group or at any time in connection with a sale or acquisition of JDSU, whether by merger, consolidation, sale of all or substantially all of JDSU’s assets, or similar transaction, without the
consent of Lumentum. 
 (b) In connection with the Sale of Registrable Securities, JDSU may assign its
Registration-related rights and obligations under this Agreement relating to such Registrable Securities to the following transferees in such Sale: (i) a member of the JDSU Group to which Registrable
Securities are Sold, (ii) one or more Participating Banks to which Registrable Securities are Sold, (iii) any defined benefit plan of which JDSU is the sponsor to which Registrable Securities are Sold, (iv) any transferee to which
Registrable Securities are Sold, if Lumentum provides prior written consent to the transfer of such 

  
 22 

 
Registration-related rights and obligations along with the Sale of Registrable Securities or (v) any other transferee to which Registrable Securities
are Sold, unless such Sale consists of Registrable Securities representing less than 1% of Lumentum’s then-issued and outstanding securities of the same class as the Registrable Securities and such
Registrable Securities are eligible for Sale pursuant to an exemption from the registration and prospectus delivery requirements of the Securities Act under Section 4(a) thereof (including transactions pursuant to Rule 144); provided,
that in the case of clauses (i), (ii), (iii), (iv) or (v), (x) Lumentum is given written notice prior to or at the time of such Sale stating the name and address of the transferee and identifying the securities with respect to which the Registration-related rights and obligations are being Sold and (y) the transferee executes a counterpart in the form attached hereto as EXHIBIT A and delivers the same to Lumentum (any
such transferee in such Sale, a “Transferee”). In connection with the Sale of Registrable Securities, a Transferee or Subsequent Transferee (as defined below) may assign its
Registration-related rights and obligations under this Agreement relating to such Registrable Securities to the following subsequent transferees: (A) an Affiliate of such Transferee to which Registrable
Securities are Sold, (B) any subsequent transferee to which Registrable Securities are Sold, if Lumentum provides prior written consent to the transfer of such Registration-related rights and obligations
along with the Sale of Registrable Securities or (C) any other subsequent transferee to which Registrable Securities are Sold, unless such Sale consists of Registrable Securities representing less than 1% of Lumentum’s then-issued and outstanding securities of the same class as the Registrable Securities and such Registrable Securities are eligible for Sale pursuant to an exemption from the registration and prospectus delivery
requirements of the Securities Act under Section 4(a) thereof (including transactions pursuant to Rule 144); provided, that in the case of clauses (A), (B) or (C), (x) Lumentum is given written notice prior to or at the time of
such Sale stating the name and address of the transferee and identifying the securities with respect to which the Registration-related rights and obligations are being assigned and (y) the subsequent
transferee executes a counterpart in the form attached hereto as EXHIBIT A and delivers the same to Lumentum (any such subsequent transferee, a “Subsequent Transferee”). 

Section 4.09 Performance. 

JDSU shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth in this
Agreement to be performed by any member of the JDSU Group. Lumentum shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth in this Agreement to be performed by any member of the
Lumentum Group. Each party (including its permitted successors and assigns) further agrees that it shall (a) give timely notice of the terms, conditions and continuing obligations contained in this Section 4.09 to all of the other
members of its Group and (b) cause all of the other members of its Group not to take, or omit to take, any action which action or omission would violate or cause such party to violate this Agreement. 

Section 4.10 Notices. 

All notices, requests, claims, demands and other communications under this Agreement shall be in writing and shall be given or made (and shall
be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service, by facsimile or electronic transmission with receipt confirmed (followed by delivery of an original via overnight courier service) or by
registered or certified mail (postage prepaid, return receipt requested) to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this section): 

If to JDSU, to: 
 JDS Uniphase
Corporation 
 430 North McCarthy Blvd 

Milpitas, California, USA 

95035 
 Attention: General
Counsel 
 Email: 

  
 23 

 with a copy to: 

DLA Piper LLP (US) 
 2000
University Avenue 
 East Palo Alto, California 94303-2215 

Attention: Ed Batts 
 Facsimile:
650.687.1106 
 Email: ed.batts@dlapiper.com 

if to Lumentum, to: 
 Lumentum
Holdings Inc. 
 400 North McCarthy Blvd 

Milpitas, California, USA 

95035 
 Attention: General
Counsel 
 Email: 
 with a
copy to: 
 DLA Piper LLP (US) 

2000 University Avenue 
 East
Palo Alto, California 94303-2215 
 Attention: Ed Batts 

Facsimile: 650.687.1106 
 Email:
ed.batts@dlapiper.com 
 Any party may, by notice to the other party, change the address to which such notices are to be
given. 
 Section 4.11 Severability. 

If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced under any law or as a matter of public
policy, all other conditions and provisions of this Agreement shall remain in full force and effect. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties shall negotiate in good
faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated by this Agreement be consummated as originally contemplated to the
greatest extent possible. 
 Section 4.12 No Reliance on Other Party. 

The parties hereto represent to each other that this Agreement is entered into with full consideration of any and all rights which the parties
hereto may have. The parties hereto have relied upon their own knowledge and judgment and have conducted such investigations they and their in-house counsel have deemed appropriate regarding this Agreement and
their rights in connection with this Agreement. The parties hereto are not relying upon any representations or statements made by any other party, or any such other party’s employees, agents, representatives or attorneys, regarding this
Agreement, 

  
 24 

 
except to the extent such representations are expressly set forth or incorporated in this Agreement. The parties hereto are not relying upon a legal duty, if one exists, on the part of any other
party (or any such other party’s employees, agents, representatives or attorneys) to disclose any information in connection with the execution of this Agreement or its preparation, it being expressly understood that no party hereto shall ever
assert any failure to disclose information on the part of any other party as a ground for challenging this Agreement or any provision hereof. 

Section 4.13 Registrations, Exchanges, etc. 

Notwithstanding anything to the contrary that may be contained in this Agreement, the provisions of this Agreement shall apply to the full
extent set forth herein with respect to (a) any shares of Common Stock, now or hereafter authorized to be issued, (b) any and all securities of Lumentum into which the shares of Common Stock are converted, exchanged or substituted in any
recapitalization or other capital reorganization by Lumentum and (c) any and all securities of any kind whatsoever of Lumentum or any successor or permitted assign of Lumentum (whether by merger, consolidation, sale of assets or otherwise)
which may be issued on or after the date hereof in respect of, in conversion of, in exchange for or in substitution of, the shares of Common Stock, and shall be appropriately adjusted for any stock dividends, or other distributions, stock splits or
reverse stock splits, combinations, recapitalizations, mergers, consolidations, exchange offers or other reorganizations occurring after the date hereof. 

Section 4.14 Mutual Drafting. 

This Agreement shall be deemed to be the joint work product of the parties, and any rule of construction that a document shall be interpreted
or construed against a drafter of such document shall not be applicable. 
 Section 4.15 Entire Agreement.  

Except as otherwise expressly provided in this Agreement, this Agreement (including the Exhibits hereto) constitutes the entire agreement of
the parties with respect to the subject matter of this Agreement and supersedes all prior agreements and undertakings, both written and oral, between or on behalf of the parties with respect to the subject matter of this Agreement. 

Section 4.16 Amendment. 

No provision of this Agreement may be amended or modified except by a written instrument signed by each of the parties to this Agreement. 

Section 4.17 Rules of Construction. 

Interpretation of this Agreement shall be governed by the following rules of construction: (a) words in the singular shall be held to
include the plural and vice versa, and words of one gender shall be held to include the other gender as the context requires, (b) references to the terms “Article,” “Section,” “paragraph,” “clause,”
“Exhibit” and “Schedule” are references to the Articles, Sections, paragraphs, clauses, Exhibits and Schedules of this Agreement unless otherwise specified, (c) the terms “hereof,” “herein,”
“hereby,” “hereto,” and derivative or similar words refer to this entire Agreement, including the Schedules and Exhibits hereto, (d) references to “$” shall mean U.S. dollars, (e) the word
“including” and words of similar import when used in this Agreement shall mean “including without limitation,” unless otherwise specified, (f) the word “or” shall not be exclusive, (g) references to
“written” or “in writing” include in electronic form, (h) unless the context requires otherwise, references to “party” shall mean JDSU or Lumentum, as appropriate, and references to “parties” shall mean
JDSU and 

  
 25 

 
Lumentum, (i) provisions shall apply, when appropriate, to successive events and transactions, (j) the table of contents and headings contained in this Agreement are for reference
purposes only and shall not affect in any way the meaning or interpretation of this Agreement, (k) JDSU and Lumentum have each participated in the negotiation and drafting of this Agreement and if an ambiguity or question of interpretation
should arise, this Agreement shall be construed as if drafted jointly by the parties and no presumption or burden of proof shall arise favoring or burdening either party by virtue of the authorship of any of the provisions in this Agreement or any
interim drafts of this Agreement, and (l) a reference to any Person includes such Person’s successors and permitted assigns. 

Section 4.18 Counterparts. 

This Agreement may be executed in one (1) or more counterparts, and by each party in separate counterparts, each of which when executed
shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or .pdf shall be as effective as delivery of a
manually executed counterpart of this Agreement. 
 [The remainder of this page has been left blank intentionally.] 

  
 26 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
authorized representatives as of the date first above written. 
  

			
	JDS UNIPHASE CORPORATION
	
	 /s/ Tom Waechter

	By:	 	Tom Waechter
	Its:	 	Chief Executive Officer
	
	LUMENTUM HOLDINGS INC.
	
	 /s/ Alan Lowe

	By:	 	Alan Lowe
	Its:	 	Chief Executive Officer

 SIGNATURE PAGE TO
STOCKHOLDER’S AND REGISTRATION RIGHTS AGREEMENT 

 Exhibit A 

FORM OF 

AGREEMENT TO BE BOUND 

This AGREEMENT TO BE BOUND forms part of the
Stockholder’s and Registration Rights Agreement (the “Agreement”), dated as of                     , by and between JDS
Uniphase Corporation, a Delaware corporation (“JDSU”), and Lumentum Holdings Inc., a Delaware corporation. The undersigned hereby acknowledges having received a copy of the Agreement and having read the Agreement in its
entirety, and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound, hereby agrees that the terms and conditions of the Agreement binding upon and inuring to the benefit
of JDSU shall be binding upon and inure to the benefit of the undersigned and its successors and permitted assigns as if it were an original party to the Agreement. 

IN WITNESS WHEREOF, the undersigned has executed this instrument on this      day of
            , 20    . 
  

	
	  

	(Signature of transferee)
	
	  

	Print name

  
 1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00248-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00248-of-00352.parquet"}]]