Document:

2010 Equity Incentive Plan

 Exhibit 10.4 
 NEOPHOTONICS CORPORATION 

2010 EQUITY INCENTIVE PLAN 

ADOPTED BY THE BOARD OF DIRECTORS:
APRIL 14, 2010 
 APPROVED BY THE
STOCKHOLDERS: JULY 20, 2010 
 AMENDED BY
THE BOARD: NOVEMBER 29, 2010 
 TERMINATION
DATE: APRIL 13, 2020 

1.          GENERAL. 

    (a)        Eligible Award
Recipients.    The persons eligible to receive Awards are Employees, Directors and Consultants. 
     (b)        Available Awards.  The Plan provides for the grant of the following Awards: (i) Incentive Stock Options,
(ii) Nonstatutory Stock Options, (iii) Stock Appreciation Rights (iv) Restricted Stock Awards, (v) Restricted Stock Unit Awards, (vi) Performance Stock Awards, (vii) Performance Cash Awards, and (viii) Other Stock
Awards. 

    (c)        Purpose.  The Company, by
means of the Plan, seeks to secure and retain the services of the group of persons eligible to receive Awards as set forth in Section 1(a), to provide incentives for such persons to exert maximum efforts for the success of the Company and any
Affiliate and to provide a means by which such eligible recipients may be given an opportunity to benefit from increases in value of the Common Stock through the granting of Awards. 

2.          ADMINISTRATION. 

    (a)        Administration by Board.  The
Board shall administer the Plan unless and until the Board delegates administration of the Plan to a Committee or Committees, as provided in Section 2(c). 
     (b)        Powers of Board. The Board shall have the power, subject to, and within the limitations of, the express provisions of the
Plan: 

        (i)        To determine
from time to time (A) which of the persons eligible under the Plan shall be granted Awards; (B) when and how each Award shall be granted; (C) what type or combination of types of Award shall be granted; (D) the provisions of each
Award granted (which need not be identical), including the time or times when a person shall be permitted to receive cash or Common Stock pursuant to a Stock Award; (E) the number of shares of Common Stock with respect to which a Stock Award
shall be granted to each such person; and (F) the Fair Market Value applicable to a Stock Award. 

        (ii)       To construe and
interpret the Plan and Awards granted under it, and to establish, amend and revoke rules and regulations for its administration. The Board, in the exercise of this power, may correct any defect, omission or inconsistency in the Plan or in any Stock
Award Agreement or in the written terms of a Performance Cash Award, in a manner and to the extent it shall deem necessary or expedient to make the Plan or Award fully effective. 

        (iii)      To settle all
controversies regarding the Plan and Awards granted under it. 

        (iv)      To accelerate the time at
which an Award may first be exercised or the time during which an Award or any part thereof will vest in accordance with the Plan, notwithstanding the provisions in the Award stating the time at which it may first be exercised or the time during
which it will vest. 

        (v)        To suspend or
terminate the Plan at any time. Suspension or termination of the Plan shall not impair rights and obligations under any Award granted while the Plan is in effect except with the written consent of the affected Participant. 

        (vi)      To amend the Plan in any
respect the Board deems necessary or advisable, including, without limitation, by adopting amendments relating to Incentive Stock Options and certain nonqualified deferred compensation under Section 409A of the Code and/or to bring the Plan or
Awards granted under the Plan into compliance therewith, subject to the limitations, if any, of applicable law. However, except as provided in Section 9(a) relating to Capitalization Adjustments, to the extent required by applicable law or
listing requirements, stockholder approval shall be required for any amendment of the Plan that either (A) materially increases the number of shares of Common Stock available for issuance under the Plan, (B) materially expands the class of
individuals eligible to receive Awards under the Plan, (C) materially increases the benefits accruing to Participants under the Plan or materially reduces the price at which shares of Common Stock may be issued or purchased under the Plan,
(D) materially extends the term of the Plan, or (E) expands the types of Awards available for issuance under the Plan. Except as provided above, rights under any Award granted before amendment of the Plan shall not be impaired by any
amendment of the Plan unless (1) the Company requests the consent of the affected Participant, and (2) such Participant consents in writing. 
         (vii)     To submit any amendment to the Plan for stockholder approval, including, but not limited to, amendments to the
Plan intended to satisfy the requirements of (A) Section 162(m) of the Code regarding the exclusion of performance-based compensation from the limit on corporate deductibility of compensation paid to Covered Employees,
(B) Section 422 of the Code regarding “incentive stock options” or (C) Rule 16b-3. 

        (viii)    To approve forms of Award
Agreements for use under the Plan and to amend the terms of any one or more Awards, including, but not limited to, amendments to provide terms more favorable to the Participant than previously provided in the Award Agreement, subject to any
specified limits in the Plan that are not subject to Board discretion; provided however, that except with respect to amendments that disqualify or impair the status of an Incentive Stock Option, a Participant’s rights under any Award
shall not be impaired by any such amendment unless (A) the Company requests the consent of the affected Participant, and (B) such Participant consents in writing. Notwithstanding the foregoing, subject to the limitations of applicable law,
if any, the Board may amend the terms of any one or more Awards without the affected Participant’s consent if necessary to maintain the qualified status of the Award as an Incentive Stock Option or to bring the Award into compliance with
Section 409A of the Code. 

        (ix)      Generally, to exercise
such powers and to perform such acts as the Board deems necessary or expedient to promote the best interests of the Company and that are not in conflict with the provisions of the Plan or Awards. 

        (x)        To adopt such
procedures and sub-plans as are necessary or appropriate to permit participation in the Plan by Employees, Directors or Consultants who are foreign nationals or employed outside the United States. 

        (xi)      To effect, at any time
and from time to time, with the consent of any adversely affected Participant, (A) the reduction of the exercise price (or strike price) of any outstanding Option or SAR under the Plan; (B) the cancellation of any outstanding Option or SAR
under the Plan and the grant in substitution therefor of (1) a new Option or SAR under the Plan or another equity plan of the Company covering the same or a different number of shares of Common Stock, (2) a Restricted Stock Award,
(3) a Restricted Stock Unit Award, (4) an Other Stock Award, (5) cash and/or (6) other valuable consideration (as determined by the Board, in its sole discretion); or (C) any other action that is treated as a repricing under
generally accepted accounting principles. 

    (c)        Delegation to Committee. 

        (i)        General. 
 The Board may delegate some or all of the administration of the Plan to a Committee or Committees. If administration of the Plan is delegated to a Committee, the Committee shall have, in connection with the administration of the Plan, the
powers theretofore possessed by the Board that have been delegated to the Committee, including the power to delegate to a subcommittee of the Committee any of the administrative powers the Committee is authorized to exercise (and references in this
Plan to the Board shall thereafter be to the Committee or subcommittee), subject, however, to such resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board. The Board may retain the authority to
concurrently administer the Plan with the Committee and may, at any time, revest in the Board some or all of the powers previously delegated. 
         (ii)       Section 162(m) and Rule 16b-3 Compliance.    The Committee may consist solely
of two or more Outside Directors, in accordance with Section 162(m) of the Code, or solely of two or more Non-Employee Directors, in accordance with Rule 16b-3. 

    (d)        Delegation to an
Officer.  The Board may delegate to one (1) or more Officers the authority to do one or both of the following (i) designate Employees who are providing Continuous Service to the Company or any of its Subsidiaries who are not
Officers to be recipients of Options and Stock Appreciation Rights (and, to the extent permitted by applicable law, other Stock Awards) and the terms thereof, and (ii) determine the number of shares of Common Stock to be subject to such Stock
Awards granted to such Employees; provided, however, that the Board resolutions regarding such delegation shall specify the total number of shares of Common Stock that may be subject to the Stock Awards granted by such Officer and that such
Officer may not grant a Stock Award to himself or herself. Notwithstanding the foregoing, the Board may not delegate authority to an Officer to determine the Fair Market Value pursuant to Section 13(w)(iii) below. 

    (e)        Effect of Board’s Decision. All
determinations, interpretations and constructions made by the Board in good faith shall not be subject to review by any person and shall be final, binding and conclusive on all persons. 

3.          SHARES SUBJECT TO
THE PLAN. 

    (a)        Share Reserve.  Subject to
Section 9(a) relating to Capitalization Adjustments, the aggregate number of shares of Common Stock that may be issued pursuant to Stock Awards from and after the Effective Date shall not exceed 865,420 shares (the “Share
Reserve”). In addition, the number of shares of Common Stock available for issuance under the Plan shall automatically increase on January 1st of each year for a period of ten (10) years commencing on January 1, 2011 and
ending on (and including) January 1, 2020, in an amount equal to three and one-half percent (3.5%) of the total number of shares of Common Stock outstanding on December 31st of the preceding calendar year. Notwithstanding the
foregoing, the Board may act prior to the first day of any calendar year, to provide that there shall be no increase in the share reserve for such calendar year or that the increase in the share reserve for such calendar year shall be a lesser
number of shares of Common Stock than would otherwise occur pursuant to the preceding sentence. For clarity, the limitation in this Section 3(a) is a limitation in the number of shares of Common Stock that may be issued pursuant to the Plan.
Accordingly, this Section 3(a) does not limit the granting of Stock Awards except as provided in Section 7(a). Shares may be issued in connection with a merger or acquisition as permitted by NASDAQ Listing Rule 5635(c) or, if applicable,
NYSE Listed Company Manual Section 303A.08, AMEX Company Guide Section 711 or other applicable rule, and such issuance shall not reduce the number of shares available for issuance under the Plan. Furthermore, if a Stock Award or any
portion thereof (i) expires or otherwise terminates without all of the shares covered by such Stock Award having been issued or (ii) is settled in cash (i.e., the Participant receives cash rather than stock), such expiration,
termination or settlement shall not reduce (or otherwise offset) the number of shares Common Stock that may be available for issuance under the Plan. 
     (b)        Reversion of Shares to the Share Reserve.    If any shares of common stock issued pursuant to a Stock
Award are forfeited back to or repurchased by the Company because of the failure to meet a contingency or condition required to vest such shares in the Participant, then the shares that are forfeited or repurchased shall revert to and again become
available for issuance under the Plan. Any shares reacquired by the Company pursuant to Section 8(g) or as consideration for the exercise of an Option shall again become available for issuance under the Plan. 

    (c)        Incentive Stock Option
Limit.  Notwithstanding anything to the contrary in this Section 3 and, subject to the provisions of Section 9(a) relating to Capitalization Adjustments, the aggregate maximum number of shares of Common Stock that may be
issued pursuant to the exercise of Incentive Stock Options shall be 8,000,000 shares of Common Stock. 

    (d)        Section 162(m) Limitation on Annual
Grants.    Subject to the provisions of Section 9(a) relating to Capitalization Adjustments, at such time as the Company may be subject to the applicable provisions of Section 162(m) of the Code, a maximum of eight
hundred thousand (800,000) shares of Common Stock subject to Options, Stock Appreciation Rights and Other Stock Awards whose value is determined by reference to an increase over an exercise or

 
strike price of at least one hundred percent (100%) of the Fair Market Value on the date the Stock Award is granted may be granted to any Participant during any calendar year.
Notwithstanding the foregoing, if any additional Options, Stock Appreciation Rights or Other Stock Awards whose value is determined by reference to an increase over an exercise or strike price of at least one hundred (100% percent) of the Fair
Market Value on the date the Stock Award are granted to any Participant during any calendar year, compensation attributable to the exercise of such additional Stock Awards shall not satisfy the requirements to be considered “qualified
performance-based compensation” under Section 162(m) of the Code unless such additional Stock Awards are approved by the Company’s stockholders. 
     (e)        Source of Shares.  The stock issuable under the Plan shall be shares of authorized but unissued or reacquired
Common Stock, including shares repurchased by the Company on the open market or otherwise. 

4.          ELIGIBILITY. 

    (a)        Eligibility for Specific Stock
Awards.    Incentive Stock Options may be granted only to employees of the Company or a “parent corporation” or “subsidiary corporation” thereof (as such terms are defined in Sections 424(e) and
(f) of the Code). Stock Awards other than Incentive Stock Options may be granted to Employees, Directors and Consultants; provided, however, Nonstatutory Stock Options and SARs may not be granted to Employees, Directors and Consultants
who are providing Continuous Service only to any “parent” of the Company, as such term is defined in Rule 405, unless the stock underlying such Stock Awards is treated as “service recipient stock” under Section 409A of
the Code because the Stock Awards are granted pursuant to a corporate transaction (such as a spin off transaction) or unless such Stock Awards comply with the distribution requirements of Section 409A of the Code. 

    (b)        Ten Percent Stockholders.  A
Ten Percent Stockholder shall not be granted an Incentive Stock Option unless the exercise price of such Option is at least one hundred ten percent (110%) of the Fair Market Value on the date of grant and the Option is not exercisable after the
expiration of five (5) years from the date of grant. 

5.          PROVISIONS RELATING TO
OPTIONS AND STOCK APPRECIATION RIGHTS. 
     Each Option or SAR shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. All Options shall be separately designated Incentive Stock
Options or Nonstatutory Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates shall be issued for shares of Common Stock purchased on exercise of each type of Option. If an Option is not
specifically designated as an Incentive Stock Option, then the Option shall be a Nonstatutory Stock Option. The provisions of separate Options or SARs need not be identical; provided, however, that each Option Agreement or Stock Appreciation
Right Agreement shall conform to (through incorporation of provisions hereof by reference in the applicable Award Agreement or otherwise) the substance of each of the following provisions: 

    (a)        Term.    Subject to
the provisions of Section 4(b) regarding Ten Percent Stockholders, no Option or SAR shall be exercisable after the expiration of ten (10) years from the date of its grant or such shorter period specified in the Award Agreement. 

    (b)        Exercise Price.  Subject to
the provisions of Section 4(b) regarding Ten Percent Stockholders, the exercise price (or strike price) of each Option or SAR shall be not less than one hundred percent (100%) of the Fair Market Value of the Common Stock subject to the
Option or SAR on the date the Option or SAR is granted. Notwithstanding the foregoing, an Option or SAR may be granted with an exercise price (or strike price) lower than one hundred percent (100%) of the Fair Market Value of the Common Stock
subject to the Option or SAR if such Option or SAR is granted pursuant to an assumption of or substitution for another option or stock appreciation right pursuant to a Corporate Transaction and in a manner consistent with the provisions of Sections
409A and, if applicable, 424(a) of the Code. Each SAR will be denominated in shares of Common Stock equivalents. 
     (c)        Purchase Price for Options.    The purchase price of Common Stock acquired pursuant to the exercise of
an Option shall be paid, to the extent permitted by applicable law and as determined by the Board in its sole discretion, by any combination of the methods of payment set forth below. The Board shall have the authority to grant Options that do not
permit all of the following methods of payment (or otherwise restrict the ability to use certain methods) and to grant Options that require the consent of the Company to utilize a particular method of payment. The permitted methods of payment are as
follows: 

        (i)        by cash,
check, bank draft or money order payable to the Company; 

        (ii)       pursuant to a
program developed under Regulation T as promulgated by the Federal Reserve Board that, prior to the issuance of the stock subject to the Option, results in either the receipt of cash (or check) by the Company or the receipt of irrevocable
instructions to pay the aggregate exercise price to the Company from the sales proceeds; 

        (iii)      by delivery to the
Company (either by actual delivery or attestation) of shares of Common Stock; 

        (iv)      if the option is a
Nonstatutory Stock Option, by a “net exercise” arrangement pursuant to which the Company will reduce the number of shares of Common Stock issuable upon exercise by the largest whole number of shares with a Fair Market Value that does not
exceed the aggregate exercise price; provided, however, that the Company shall accept a cash or other payment from the Participant to the extent of any remaining balance of the aggregate exercise price not satisfied by such reduction in the
number of whole shares to be issued; provided, further, that shares of Common Stock will no longer be subject to an Option and will not be exercisable thereafter to the extent that (A) shares issuable upon exercise are reduced to pay the
exercise price pursuant to the “net exercise,” (B) shares are delivered to the Participant as a result of such exercise, and (C) shares are withheld to satisfy tax withholding obligations; or 

        (v)       in any other form of
legal consideration that may be acceptable to the Board and specified in the applicable award agreement. 

    (d)        Exercise and Payment of a
SAR.    To exercise any outstanding Stock Appreciation Right, the Participant must provide written notice of exercise to the Company in compliance with the provisions of the Stock Appreciation Right Agreement evidencing such
Stock Appreciation Right. The appreciation distribution payable on the exercise of a Stock Appreciation Right will be not greater than an amount equal to the excess of (A) the aggregate Fair Market Value (on the date of the exercise of the
Stock Appreciation Right) of a number of shares of Common Stock equal to the number of Common Stock equivalents in which the Participant is vested under such Stock Appreciation Right, and with respect to which the Participant is exercising the Stock
Appreciation Right on such date, over (B) the strike price that will be determined by the Board at the time of grant of the Stock Appreciation Right. The appreciation distribution in respect to a Stock Appreciation Right may be paid in Common
Stock, in cash, in any combination of the two or in any other form of consideration, as determined by the Board and contained in the Stock Appreciation Right Agreement evidencing such Stock Appreciation Right. 

    (e)        Transferability of Options and
SARs.    The Board may, in its sole discretion, impose such limitations on the transferability of Options and SARs as the Board shall determine. In the absence of such a determination by the Board to the contrary, the
following restrictions on the transferability of Options and SARs shall apply: 

        (i)        Restrictions on
Transfer.  An Option or SAR shall not be transferable except by will or by the laws of descent and distribution and shall be exercisable during the lifetime of the Participant only by the Participant; provided, however, that the
Board may, in its sole discretion, permit transfer of the Option or SAR in a manner that is not prohibited by applicable tax and securities laws upon the Participant’s request. Except as explicitly provided herein, neither an Option nor a SAR
may be transferred for consideration. 

        (ii)       Domestic Relations
Orders.  Notwithstanding the foregoing, an Option or SAR may be transferred pursuant to a domestic relations order; provided, however, that if an Option is an Incentive Stock Option, such Option may be deemed to be a
Nonstatutory Stock Option as a result of such transfer. 

        (iii)      Beneficiary
Designation.  Notwithstanding the foregoing, the Participant may, by delivering written notice to the Company, in a form provided by or otherwise satisfactory to the Company and any broker designated by the Company to effect Option
exercises, designate a third party who, in the event of the death of the Participant, shall thereafter be entitled to exercise the Option or SAR and receive the Common Stock or other consideration resulting from such exercise. In the absence of such
a designation, the executor or administrator of the Participant’s estate shall be entitled to exercise the Option or SAR and receive the Common Stock or other consideration resulting from such exercise. 

    (f)        Vesting Generally.  The total
number of shares of Common Stock subject to an Option or SAR may vest and therefore become exercisable in periodic installments that may or may not be equal. The Option or SAR may be subject to such other terms and conditions on the time or times
when it may or may not be exercised (which may be based on the satisfaction of Performance Goals or other criteria) as the Board may deem appropriate. The vesting provisions of individual Options or SARs may vary. The provisions of this
Section 5(f) are subject to any 

 
Option or SAR provisions governing the minimum number of shares of Common Stock as to which an Option or SAR may be exercised. 

    (g)        Termination of Continuous
Service.    Except as otherwise provided in the applicable Award Agreement or other agreement between the Participant and the Company, if a Participant’s Continuous Service terminates (other than for Cause or upon the
Participant’s death or Disability), the Participant may exercise his or her Option or SAR (to the extent that the Participant was entitled to exercise such Award as of the date of termination of Continuous Service) but only within such period
of time ending on the earlier of (i) the date three (3) months following the termination of the Participant’s Continuous Service (or such longer or shorter period specified in the applicable Award Agreement), or (ii) the
expiration of the term of the Option or SAR as set forth in the Award Agreement. If, after termination of Continuous Service, the Participant does not exercise his or her Option or SAR within the time specified herein or in the Award Agreement (as
applicable), the Option or SAR shall terminate. 

    (h)        Extension of Termination
Date.  If the exercise of an Option or SAR following the termination of the Participant’s Continuous Service (other than for Cause or upon the Participant’s death or Disability) would be prohibited at any time solely because
the issuance of shares of Common Stock would violate the registration requirements under the Securities Act, then the Option or SAR shall terminate on the earlier of (i) the expiration of a total period of three (3) months (that need not
be consecutive) after the termination of the Participant’s Continuous Service during which the exercise of the Option or SAR would not be in violation of such registration requirements, or (ii) the expiration of the term of the Option or
SAR as set forth in the applicable Award Agreement. In addition, unless otherwise provided in a Participant’s Award Agreement, if the sale of any Common Stock received upon exercise of an Option or SAR following the termination of the
Participant’s Continuous Service (other than for Cause) would violate the Company’s insider trading policy, then the Option or SAR shall terminate on the earlier of (i) the expiration of a period equal to the applicable
post-termination exercise period after the termination of the Participant’s Continuous Service during which the sale of the Common Stock received upon exercise of the Option or SAR would not be in violation of the Company’s insider trading
policy, or (ii) the expiration of the term of the Option or SAR as set forth in the applicable Award Agreement. 
     (i)        Disability of Participant.  Except as otherwise provided in the applicable Award Agreement or other agreement
between the Participant and the Company, if a Participant’s Continuous Service terminates as a result of the Participant’s Disability, the Participant may exercise his or her Option or SAR (to the extent that the Participant was entitled
to exercise such Option or SAR as of the date of termination of Continuous Service), but only within such period of time ending on the earlier of (i) the date twelve (12) months following such termination of Continuous Service (or such
longer or shorter period specified in the Award Agreement), or (ii) the expiration of the term of the Option or SAR as set forth in the Award Agreement. If, after termination of Continuous Service, the Participant does not exercise his or her
Option or SAR within the time specified herein or in the Award Agreement (as applicable), the Option or SAR (as applicable) shall terminate. 
     (j)        Death of Participant.  Except as otherwise provided in the applicable Award Agreement or other agreement between
the Participant and the Company, if (i) a Participant’s 

 
Continuous Service terminates as a result of the Participant’s death, or (ii) the Participant dies within the period (if any) specified in the Award Agreement after the termination of
the Participant’s Continuous Service for a reason other than death, then the Option or SAR may be exercised (to the extent the Participant was entitled to exercise such Option or SAR as of the date of death) by the Participant’s estate, by
a person who acquired the right to exercise the Option or SAR by bequest or inheritance or by a person designated to exercise the Option or SAR upon the Participant’s death, but only within the period ending on the earlier of (i) the date
eighteen (18) months following the date of death (or such longer or shorter period specified in the Award Agreement), or (ii) the expiration of the term of such Option or SAR as set forth in the Award Agreement. If, after the
Participant’s death, the Option or SAR is not exercised within the time specified herein or in the Award Agreement (as applicable), the Option or SAR shall terminate. 

    (k)        Termination for
Cause.    Except as explicitly provided otherwise in a Participant’s Award Agreement, if a Participant’s Continuous Service is terminated for Cause, the Option or SAR shall terminate upon the date on which the event
giving rise to the termination occurred, and the Participant shall be prohibited from exercising his or her Option or SAR from and after the time of such termination of Continuous Service. 

    (l)        Non-Exempt Employees.  No
Option or SAR granted to an Employee who is a non-exempt employee for purposes of the Fair Labor Standards Act of 1938, as amended, shall be first exercisable for any shares of Common Stock until at least six (6) months following the date of
grant of the Option or SAR. Notwithstanding the foregoing, consistent with the provisions of the Worker Economic Opportunity Act, (i) in the event of the Participant’s death or Disability, (ii) upon a Corporate Transaction in which
such Option or SAR is not assumed, continued, or substituted, (iii) upon a Change in Control, or (iv) upon the Participant’s retirement (as such term may be defined in the Participant’s Award Agreement or in another applicable
agreement or in accordance with the Company’s then current employment policies and guidelines), any such vested Options and SARs may be exercised earlier than six months following the date of grant. The foregoing provision is intended to
operate so that any income derived by a non-exempt employee in connection with the exercise or vesting of an Option or SAR will be exempt from his or her regular rate of pay. 
 6.          PROVISIONS OF STOCK AWARDS OTHER THAN
OPTIONS AND SARS. 

    (a)        Restricted Stock
Awards.  Each Restricted Stock Award Agreement shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. To the extent consistent with the Company’s Bylaws, at the Board’s
election, shares of Common Stock may be (x) held in book entry form subject to the Company’s instructions until any restrictions relating to the Restricted Stock Award lapse; or (y) evidenced by a certificate, which certificate shall
be held in such form and manner as determined by the Board. The terms and conditions of Restricted Stock Award Agreements may change from time to time, and the terms and conditions of separate Restricted Stock Award Agreements need not be identical;
provided, however, that each Restricted Stock Award Agreement shall conform to (through incorporation of the provisions hereof by reference in the agreement or otherwise) the substance of each of the following provisions: 

        (i)        
Consideration.    A Restricted Stock Award may be awarded in consideration for (A) cash, check, bank draft or money order payable to the Company, (B) past services to the Company or an Affiliate, or (C) any
other form of legal consideration (including future services) that may be acceptable to the Board, in its sole discretion, and permissible under applicable law. 

        (ii)       Vesting.  
Shares of Common Stock awarded under the Restricted Stock Award Agreement may be subject to forfeiture to the Company in accordance with a vesting schedule to be determined by the Board. 

        (iii)      Termination of
Participant’s Continuous Service.    If a Participant’s Continuous Service terminates, the Company may receive through a forfeiture condition or a repurchase right any or all of the shares of Common Stock held by
the Participant that have not vested as of the date of termination of Continuous Service under the terms of the Restricted Stock Award Agreement. 
         (iv)      Transferability.    Rights to acquire shares of Common Stock under the Restricted Stock
Award Agreement shall be transferable by the Participant only upon such terms and conditions as are set forth in the Restricted Stock Award Agreement, as the Board shall determine in its sole discretion, so long as Common Stock awarded under the
Restricted Stock Award Agreement remains subject to the terms of the Restricted Stock Award Agreement. 

        (v)      Dividends.  A
Restricted Stock Award Agreement may provide that any dividends paid on Restricted Stock will be subject to the same vesting and forfeiture restrictions as apply to the shares subject to the Restricted Stock Award to which they relate. 

    (b)        Restricted Stock Unit
Awards.  Each Restricted Stock Unit Award Agreement shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. The terms and conditions of Restricted Stock Unit Award Agreements may change
from time to time, and the terms and conditions of separate Restricted Stock Unit Award Agreements need not be identical; provided, however, that each Restricted Stock Unit Award Agreement shall conform to (through incorporation of the
provisions hereof by reference in the Agreement or otherwise) the substance of each of the following provisions: 
         (i)        Consideration.  At the time of grant of a Restricted Stock Unit Award, the Board will
determine the consideration, if any, to be paid by the Participant upon delivery of each share of Common Stock subject to the Restricted Stock Unit Award. The consideration to be paid (if any) by the Participant for each share of Common Stock
subject to a Restricted Stock Unit Award may be paid in any form of legal consideration that may be acceptable to the Board, in its sole discretion, and permissible under applicable law. 

        (ii)       Vesting.  
At the time of the grant of a Restricted Stock Unit Award, the Board may impose such restrictions on or conditions to the vesting of the Restricted Stock Unit Award as it, in its sole discretion, deems appropriate. 

        (iii)      Payment.  A
Restricted Stock Unit Award may be settled by the delivery of shares of Common Stock, their cash equivalent, any combination thereof or in any other form 

 
of consideration, as determined by the Board and contained in the Restricted Stock Unit Award Agreement. 
         (iv)      Additional Restrictions.  At the time of the grant of a Restricted Stock Unit Award, the Board, as
it deems appropriate, may impose such restrictions or conditions that delay the delivery of the shares of Common Stock (or their cash equivalent) subject to a Restricted Stock Unit Award to a time after the vesting of such Restricted Stock Unit
Award. 

        (v)       Dividend
Equivalents.  Dividend equivalents may be credited in respect of shares of Common Stock covered by a Restricted Stock Unit Award, as determined by the Board and contained in the Restricted Stock Unit Award Agreement. At the sole
discretion of the Board, such dividend equivalents may be converted into additional shares of Common Stock covered by the Restricted Stock Unit Award in such manner as determined by the Board. Any additional shares covered by the Restricted Stock
Unit Award credited by reason of such dividend equivalents will be subject to all of the same terms and conditions of the underlying Restricted Stock Unit Award Agreement to which they relate. 

        (vi)      Termination of
Participant’s Continuous Service.  Except as otherwise provided in the applicable Restricted Stock Unit Award Agreement, such portion of the Restricted Stock Unit Award that has not vested will be forfeited upon the
Participant’s termination of Continuous Service. 

    (c)        Performance Awards. 

        (i)        Performance Stock
Awards.    A Performance Stock Award is a Stock Award that may vest or may be exercised contingent upon the attainment during a Performance Period of certain Performance Goals. A Performance Stock Award may, but need not,
require the completion of a specified period of Continuous Service. The length of any Performance Period, the Performance Goals to be achieved during the Performance Period, and the measure of whether and to what degree such Performance Goals have
been attained shall be conclusively determined by the Committee, in its sole discretion. The maximum number of shares covered by an Award that may be granted to any Participant in a calendar year attributable to Stock Awards described in this
Section 6(c)(i) (whether the grant, vesting or exercise is contingent upon the attainment during a Performance Period of the Performance Goals) shall not exceed four hundred thousand (400,000) shares of Common Stock. The Board may provide
for or, subject to such terms and conditions as the Board may specify, may permit a Participant to elect for, the payment of any Performance Stock Award to be deferred to a specified date or event. In addition, to the extent permitted by applicable
law and the applicable Award Agreement, the Board may determine that cash may be used in payment of Performance Stock Awards. 
         (ii)       Performance Cash Awards.  A Performance Cash Award is a cash award that may be paid
contingent upon the attainment during a Performance Period of certain Performance Goals. A Performance Cash Award may also require the completion of a specified period of Continuous Service. At the time of grant of a Performance Cash Award, the
length of any Performance Period, the Performance Goals to be achieved during the Performance Period, and the measure of whether and to what degree such Performance Goals have been attained shall be conclusively determined by the Committee, in its
sole discretion. In any calendar year, the 

 
Committee may not grant a Performance Cash Award that has a maximum value that may be paid to any Participant in excess of ten million dollars ($10,000,000). The Board may provide for or, subject
to such terms and conditions as the Board may specify, may permit a Participant to elect for, the payment of any Performance Cash Award to be deferred to a specified date or event. The Board may specify the form of payment of Performance Cash
Awards, which may be cash or other property, or may provide for a Participant to have the option for his or her Performance Cash Award, or such portion thereof as the Board may specify, to be paid in whole or in part in cash or other property.

        (iii)      Section 162(m)
Compliance.  Unless otherwise permitted in compliance with the requirements of Section 162(m) of the Code with respect to an Award intended to qualify as “performance-based compensation” thereunder, the Committee shall
establish the Performance Goals applicable to, and the formula for calculating the amount payable under, the Award no later than the earlier of (a) the date ninety (90) days after the commencement of the applicable Performance Period, or
(b) the date on which twenty-five (25%) of the Performance Period has elapsed, and in any event at a time when the achievement of the applicable Performance Goals remains substantially uncertain. Prior to the payment of any compensation
under an Award intended to qualify as “performance-based compensation” under Section 162(m) of the Code, the Committee shall certify the extent to which any Performance Goals and any other material terms under such Award have been
satisfied (other than in cases where such relate solely to the increase in the value of the Common Stock). Notwithstanding satisfaction of any completion of any Performance Goals, to the extent specified at the time of grant of an Award to
“covered employees” within the meaning of Section 162(m) of the Code, the number of Shares, Options, cash or other benefits granted, issued, retainable and/or vested under an Award on account of satisfaction of such Performance Goals
may be reduced by the Committee on the basis of such further considerations as the Committee, in its sole discretion, shall determine. 
     (d)      Other Stock Awards.  Other forms of Stock Awards valued in whole or in part by reference to, or otherwise based on, Common
Stock, including the appreciation in value thereof may be granted either alone or in addition to Stock Awards provided for under Section 5 and the preceding provisions of this Section 6. Subject to the provisions of the Plan, the Board
shall have sole and complete authority to determine the persons to whom and the time or times at which such Other Stock Awards will be granted, the number of shares of Common Stock (or the cash equivalent thereof) to be granted pursuant to such
Other Stock Awards and all other terms and conditions of such Other Stock Awards. 

7.          COVENANTS OF THE
COMPANY. 

    (a)        Availability of
Shares.  During the terms of the Stock Awards, the Company shall keep available at all times the number of shares of Common Stock reasonably required to satisfy such Stock Awards. 

    (b)        Securities Law
Compliance.    The Company shall seek to obtain from each regulatory commission or agency having jurisdiction over the Plan such authority as may be required to grant Stock Awards and to issue and sell shares of Common Stock
upon exercise of the Stock Awards; provided, however, that this undertaking shall not require the Company to register under the Securities Act the Plan, any Stock Award or any Common Stock issued or

 
issuable pursuant to any such Stock Award. If, after reasonable efforts, the Company is unable to obtain from any such regulatory commission or agency the authority that counsel for the Company
deems necessary for the lawful issuance and sale of Common Stock under the Plan, the Company shall be relieved from any liability for failure to issue and sell Common Stock upon exercise of such Stock Awards unless and until such authority is
obtained. A Participant shall not be eligible for the grant of a Stock Award or the subsequent issuance of Common Stock pursuant to the Stock Award if such grant or issuance would be in violation of any applicable securities law. 

    (c)        No Obligation to Notify or Minimize
Taxes.  The Company shall have no duty or obligation to any Participant to advise such holder as to the time or manner of exercising such Stock Award. Furthermore, the Company shall have no duty or obligation to warn or otherwise
advise such holder of a pending termination or expiration of a Stock Award or a possible period in which the Stock Award may not be exercised. The Company has no duty or obligation to minimize the tax consequences of a Stock Award to the holder of
such Stock Award. 
 8.          MISCELLANEOUS.

     (a)        Use of Proceeds from Sales
of Common Stock.    Proceeds from the sale of shares of Common Stock pursuant to Stock Awards shall constitute general funds of the Company. 

    (b)        Corporate Action Constituting Grant of
Stock Awards.    Corporate action constituting a grant by the Company of a Stock Award to any Participant shall be deemed completed as of the date of such corporate action, unless otherwise determined by the Board, regardless
of when the instrument, certificate, or letter evidencing the Stock Award is communicated to, or actually received or accepted by, the Participant. 
     (c)        Stockholder Rights.  No Participant shall be deemed to be the holder of, or to have any of the rights of a
holder with respect to, any shares of Common Stock subject to such Stock Award unless and until (i) such Participant has satisfied all requirements for exercise of the Stock Award pursuant to its terms, if applicable, and (ii) the issuance
of the Common Stock subject to such Stock Award has been entered into the books and records of the Company. 

    (d)        No Employment or Other Service
Rights.    Nothing in the Plan, any Stock Award Agreement or any other instrument executed thereunder or in connection with any Award granted pursuant thereto shall confer upon any Participant any right to continue to serve
the Company or an Affiliate in the capacity in effect at the time the Stock Award was granted or shall affect the right of the Company or an Affiliate to terminate (i) the employment of an Employee with or without notice and with or without
cause, (ii) the service of a Consultant pursuant to the terms of such Consultant’s agreement with the Company or an Affiliate, or (iii) the service of a Director pursuant to the Bylaws of the Company or an Affiliate, and any
applicable provisions of the corporate law of the state in which the Company or the Affiliate is incorporated, as the case may be. 
     (e)        Incentive Stock Option $100,000 Limitation.  To the extent that the aggregate Fair Market Value (determined at
the time of grant) of Common Stock with respect to which 

 
Incentive Stock Options are exercisable for the first time by any Optionholder during any calendar year (under all plans of the Company and any Affiliates) exceeds one hundred thousand dollars
($100,000), the Options or portions thereof that exceed such limit (according to the order in which they were granted) shall be treated as Nonstatutory Stock Options, notwithstanding any contrary provision of the applicable Option Agreement(s).

     (f)        Investment
Assurances.  The Company may require a Participant, as a condition of exercising or acquiring Common Stock under any Stock Award, (i) to give written assurances satisfactory to the Company as to the Participant’s knowledge
and experience in financial and business matters and/or to employ a purchaser representative reasonably satisfactory to the Company who is knowledgeable and experienced in financial and business matters and that he or she is capable of evaluating,
alone or together with the purchaser representative, the merits and risks of exercising the Stock Award; and (ii) to give written assurances satisfactory to the Company stating that the Participant is acquiring Common Stock subject to the Stock
Award for the Participant’s own account and not with any present intention of selling or otherwise distributing the Common Stock. The foregoing requirements, and any assurances given pursuant to such requirements, shall be inoperative if
(A) the issuance of the shares upon the exercise or acquisition of Common Stock under the Stock Award has been registered under a then currently effective registration statement under the Securities Act, or (B) as to any particular
requirement, a determination is made by counsel for the Company that such requirement need not be met in the circumstances under the then applicable securities laws. The Company may, upon advice of counsel to the Company, place legends on stock
certificates issued under the Plan as such counsel deems necessary or appropriate in order to comply with applicable securities laws, including, but not limited to, legends restricting the transfer of the Common Stock. 

    (g)        Withholding
Obligations.    Unless prohibited by the terms of a Stock Award Agreement, the Company may, in its sole discretion, satisfy any federal, state or local tax withholding obligation relating to an Award by any of the following
means or by a combination of such means: (i) causing the Participant to tender a cash payment; (ii) withholding shares of Common Stock from the shares of Common Stock issued or otherwise issuable to the Participant in connection with the
Award; provided, however, that no shares of Common Stock are withheld with a value exceeding the minimum amount of tax required to be withheld by law (or such lesser amount as may be necessary to avoid classification of the Stock Award as a
liability for financial accounting purposes); (iii) withholding cash from an Award settled in cash; (iv) withholding payment from any amounts otherwise payable to the Participant; or (v) by such other method as may be set forth in the
Award Agreement. 
     (h)        Electronic
Delivery.  Any reference herein to a “written” agreement or document shall include any agreement or document delivered electronically, filed publicly with at www.sec.gov (or any successor website thereto) or posted on the
Company’s intranet. 

    (i)        Deferrals.    To
the extent permitted by applicable law, the Board, in its sole discretion, may determine that the delivery of Common Stock or the payment of cash, upon the exercise, vesting or settlement of all or a portion of any Award may be deferred and may
establish programs and procedures for deferral elections to be made by Participants. Deferrals by Participants will be made in accordance with Section 409A of the Code. Consistent with Section 409A of the Code, the Board may provide for
distributions while a Participant is still an 

 
employee or otherwise providing services to the Company. The Board is authorized to make deferrals of Awards and determine when, and in what annual percentages, Participants may receive payments,
including lump sum payments, following the Participant’s termination of Continuous Service, and implement such other terms and conditions consistent with the provisions of the Plan and in accordance with applicable law. 

    (j)        Compliance with
Section 409A.  To the extent that the Board determines that any Award granted hereunder is subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions necessary to
avoid the consequences specified in Section 409A(a)(1) of the Code. To the extent applicable, the Plan and Award Agreements shall be interpreted in accordance with Section 409A of the Code. Notwithstanding anything to the contrary in this
Plan (and unless the Award Agreement specifically provides otherwise), if the Shares are publicly traded and a Participant holding an Award that constitutes “deferred compensation” under Section 409A of the Code is a “specified
employee” for purposes of Section 409A of the Code, no distribution or payment of any amount shall be made upon a “separation from service” before a date that is six (6) months following the date of such Participant’s
“separation from service” (as defined in Section 409A of the Code without regard to alternative definitions thereunder) or, if earlier, the date of the Participant’s death, unless such distribution or payment can be made in a
manner that complies with Section 409A of the Code. 

9.          ADJUSTMENTS UPON CHANGES
IN COMMON STOCK; OTHER CORPORATE EVENTS. 
     (a)        Capitalization Adjustments.    In the event of a Capitalization Adjustment, the Board shall
appropriately and proportionately adjust: (i) the class(es) and maximum number of securities subject to the Plan pursuant to Section 3(a), (ii) the class(es) and maximum number of securities that may be issued pursuant to the exercise
of Incentive Stock Options pursuant to Section 3(c), (iii) the class(es) and maximum number of securities that may be awarded to any person pursuant to Sections 3(d) and 6(c)(i), and (iv) the class(es) and number of securities and
price per share of stock subject to outstanding Stock Awards. The Board shall make such adjustments, and its determination shall be final, binding and conclusive. 

    (b)        Dissolution or
Liquidation.  Except as otherwise provided in the Stock Award Agreement, in the event of a dissolution or liquidation of the Company, all outstanding Stock Awards (other than Stock Awards consisting of vested and outstanding shares of
Common Stock not subject to a forfeiture condition or the Company’s right of repurchase) shall terminate immediately prior to the completion of such dissolution or liquidation, and the shares of Common Stock subject to the Company’s
repurchase rights or subject to a forfeiture condition may be repurchased or reacquired by the Company notwithstanding the fact that the holder of such Stock Award is providing Continuous Service, provided, however, that the Board may, in its
sole discretion, cause some or all Stock Awards to become fully vested, exercisable and/or no longer subject to repurchase or forfeiture (to the extent such Stock Awards have not previously expired or terminated) before the dissolution or
liquidation is completed but contingent on its completion. 

    (c)        Corporate Transaction.  The
following provisions shall apply to Stock Awards in the event of a Corporate Transaction unless otherwise provided in the instrument evidencing 

 
the Stock Award or any other written agreement between the Company or any Affiliate and the holder of the Stock Award or unless otherwise expressly provided by the Board at the time of grant of a
Stock Award. In the event of a Corporate Transaction, then, notwithstanding any other provision of the Plan, the Board shall take one or more of the following actions with respect to Stock Awards, contingent upon the closing or completion of the
Corporate Transaction: 

        (i)        arrange for
the surviving corporation or acquiring corporation (or the surviving or acquiring corporation’s parent company) to assume or continue the Stock Award or to substitute a similar stock award for the Stock Award (including, but not limited to, an
award to acquire the same consideration paid to the stockholders of the Company pursuant to the Corporate Transaction); 
         (ii)       arrange for the assignment of any reacquisition or repurchase rights held by the Company in respect of
Common Stock issued pursuant to the Stock Award to the surviving corporation or acquiring corporation (or the surviving or acquiring corporation’s parent company); 

        (iii)      accelerate the vesting
of the Stock Award (and, if applicable, the time at which the Stock Award may be exercised) to a date prior to the effective time of such Corporate Transaction as the Board shall determine (or, if the Board shall not determine such a date, to the
date that is five (5) days prior to the effective date of the Corporate Transaction), with such Stock Award terminating if not exercised (if applicable) at or prior to the effective time of the Corporate Transaction; 

        (iv)      arrange for the lapse of
any reacquisition or repurchase rights held by the Company with respect to the Stock Award; 

        (v)      cancel or arrange for the
cancellation of the Stock Award, to the extent not vested or not exercised prior to the effective time of the Corporate Transaction, in exchange for such cash consideration, if any, as the Board, in its sole discretion, may consider appropriate; and

         (vi)       make a
payment, in such form as may be determined by the Board equal to the excess, if any, of (A) the value of the property the Participant would have received upon the exercise of the Stock Award immediately prior to the effective time of the
Corporate Transaction, over (B) any exercise price payable by such holder in connection with such exercise. 
     The Board need not take the same action or actions with respect to all Stock Awards or portions thereof or with respect to all Participants. 

    (d)        Change in Control.  A Stock
Award may be subject to additional acceleration of vesting and exercisability upon or after a Change in Control as may be provided in the Stock Award Agreement for such Stock Award or as may be provided in any other written agreement between the
Company or any Affiliate and the Participant, but in the absence of such provision, the following provisions shall govern: 
         (i)        in the event of a Change in Control in which the surviving corporation or acquiring corporation
(or the surviving or acquiring corporation’s parent company) does not 

 
assume or continue the Stock Award or substitute a similar stock award for the Stock Award outstanding under the Plan (including, but not limited to, an award to acquire the same consideration
paid to the stockholders of the Company pursuant to the Change in Control), then with respect to Stock Awards that have not been assumed, continued or substituted that are held by Participants whose Continuous Service has not terminated prior to the
effective time of the Change in Control and who are (A) an Officer, (B) an Employee at the employee-director level (as determined by the Board), or (C) a Non-Employee Director (referred to as the “Current Senior
Participants”), the vesting of such Stock Awards (and, with respect to Options and Stock Appreciation Rights, the time when such Stock Awards may be exercised) shall be accelerated as to that number of shares that would otherwise have
vested under such Award in the ordinary course as of the date that is twelve (12) months after the effective time of the Change in Control, assuming the Current Senior Participant remained in Continuous Service for such twelve (12) month
period (with such accelerated vesting contingent upon the effectiveness of the Change in Control and effective as of the date the Board shall determine (or, if the Board shall not determine such a date, the date that is five (5) days prior to
the effective time of the Change in Control)), and such Stock Awards shall terminate if not exercised (if applicable) at or prior to the effective time of the Change in Control, and any reacquisition or repurchase rights held by the Company with
respect to such Stock Award will lapse as to that number of shares as to which such rights would otherwise have lapsed under such Award in the ordinary course as of the date that is twelve (12) months after the effective time of the Change in
Control, assuming the Current Senior Participant remained in Continuous Service for such twelve (12) month period (with such accelerated lapsing contingent upon the effectiveness of the Change in Control and effective as of the date the Board
shall determine (or, if the Board shall not determine such a date, the date that is five (5) days prior to the effective time of the Change in Control)). 
         (ii)       in the event of a Change in Control in which the surviving corporation or acquiring corporation (or its
parent company) assumes or continues such outstanding Stock Award or substitutes a similar stock award for such outstanding Stock Award, with respect to Stock Awards that have been assumed, continued or substituted that are held by Current Senior
Participants, if any Current Senior Participant’s Continuous Service terminates due to an involuntary termination (not including death or Disability) without Cause or due to a voluntary termination that is a Resignation for Good Reason, in
either case on or within twelve (12) months after the effective time of the Change in Control, and provided such termination of service is a “separation from service” as defined under Treasury Regulation Section 1.409A-1(h)),
then, effective as of the date of the termination of Continuous Service, the vesting of such Stock Award (and, with respect to Options and Stock Appreciation Rights, the time when such Stock Awards may be exercised) shall be accelerated as to that
number of shares that would otherwise have vested in the ordinary course under such Stock Award as of the date that is twelve (12) months after the termination of Continuous Service, assuming the Current Senior Participant remained in
Continuous Service for such twelve (12) month period, and any reacquisition or repurchase rights held by the Company with respect to such Stock Award held by such individual will lapse as to that number of shares as to which such rights would
otherwise have lapsed under each such Stock Award in the ordinary course as of the date that is twelve (12) months after the termination of Continuous Service, assuming the Current Senior Participant remained in Continuous Service for such
twelve (12) month period. 

    (e)        Parachute Payments. If any payment or
benefit the Participant would receive pursuant to a Change in Control from the Company or otherwise (“Payment”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the Code,
and (ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then such Payment shall be equal to the Reduced Amount. The “Reduced
Amount” shall be either (x) the largest portion of the Payment that would result in no portion of the Payment being subject to the Excise Tax or (y) the largest portion, up to and including the total, of the Payment, whichever
amount, after taking into account all applicable federal, state and local employment taxes, income taxes, and the Excise Tax (all computed at the highest applicable marginal rate), results in the Participant’s receipt, on an after-tax basis, of
the greater amount of the Payment notwithstanding that all or some portion of the Payment may be subject to the Excise Tax. If a reduction in payments or benefits constituting “parachute payments” is necessary so that the Payment equals
the Reduced Amount, reduction shall occur in the following order: reduction of cash payments; cancellation of accelerated vesting of Stock Awards other than Options; cancellation of accelerated vesting of Options; and reduction of employee benefits.
In the event that acceleration of vesting of Stock Award compensation is to be reduced, such acceleration of vesting shall be cancelled in the reverse order of the date of grant of the Participant’s applicable type of Stock Awards (i.e.,
earliest granted Stock Award cancelled last). 
     The accounting firm engaged by the
Company for general audit purposes as of the day prior to the effective date of the Change in Control shall perform the foregoing calculations. If the accounting firm so engaged by the Company is serving as accountant or auditor for the individual,
entity or group effecting the Change in Control, the Company shall appoint a nationally recognized accounting firm to make the determinations required hereunder. The Company shall bear all expenses with respect to the determinations by such
accounting firm required to be made hereunder. The accounting firm engaged to make the determinations hereunder shall provide its calculations, together with detailed supporting documentation, to the Participant and the Company within fifteen
(15) calendar days after the date on which the Participant’s right to a Payment is triggered (if requested at that time by the Participant or the Company) or such other time as requested by the Participant or the Company. If the accounting
firm determines that no Excise Tax is payable with respect to a Payment, either before or after the application of the Reduced Amount, it shall furnish the Participant and the Company with an opinion that no Excise Tax will be imposed with respect
to such Payment. Any good faith determinations of the accounting firm made hereunder shall be final, binding and conclusive upon the Participant and the Company. 
 10.        TERMINATION OR SUSPENSION OF THE PLAN. 

    (a)        Plan Term.  The Board may
suspend or terminate the Plan at any time. Unless terminated sooner by the Board, the Plan shall automatically terminate on the day before the tenth (10th) anniversary of the earlier of (i) the date the Plan is adopted by the Board, or
(ii) the date the Plan is approved by the stockholders of the Company. No Awards may be granted under the Plan while the Plan is suspended or after it is terminated. 

    (b)        No Impairment of
Rights.    Suspension or termination of the Plan shall not impair rights and obligations under any Award granted while the Plan is in effect except with the written consent of the affected Participant. 

11.        EFFECTIVE DATE OF PLAN. 

    The Plan shall become effective on the next calendar day after the IPO Date, but no Stock Award
shall be exercised (or, in the case of a Restricted Stock Award, Restricted Stock Unit Award, Performance Stock Award, or Other Stock Award, shall be granted and no Performance Cash Award shall be settled) unless and until the Plan has been approved
by the stockholders of the Company, which approval shall be within twelve (12) months after the date the Plan is adopted by the Board. 

12.        CHOICE OF LAW. 

    The law of the State of Delaware shall govern all questions concerning the construction, validity
and interpretation of this Plan, without regard to that state’s conflict of laws rules. 

13.        DEFINITIONS. As used in the Plan, the following definitions
shall apply to the capitalized terms indicated below: 

    (a)        “Affiliate”
means, at the time of determination, any “parent” or “subsidiary” of the Company as such terms are defined in Rule 405 of the Securities Act. The Board shall have the authority to determine the time or times at which
“parent” or “subsidiary” status is determined within the foregoing definition. 

    (b)        “Award” means a
Stock Award or a Performance Cash Award. 

    (c)        “Award
Agreement” means a written agreement between the Company and a Participant evidencing the terms and conditions of an Award. 
     (d)        “Board” means the Board of Directors of the Company. 

    (e)        “Capitalization
Adjustment” means any change that is made in, or other events that occur with respect to, the Common Stock subject to the Plan or subject to any Stock Award after the Effective Date without the receipt of consideration by the Company
through merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend, dividend in property other than cash, large nonrecurring cash dividend, stock split, liquidating dividend, combination of shares, exchange of shares,
change in corporate structure or any similar equity restructuring transaction, as that term is used in Statement of Financial Accounting Standards No. 123 (revised). Notwithstanding the foregoing, the conversion of any convertible securities of
the Company shall not be treated as a Capitalization Adjustment. 

    (f)        “Cause” shall
have the meaning ascribed to such term in any written agreement between the Participant and the Company defining such term and, in the absence of such agreement, such term shall mean, with respect to a Participant, the occurrence of any of the
following events that has a material negative impact on the business or reputation of the Company: (i) such Participant’s attempted commission of, or participation in, a fraud or act of

 
dishonesty against the Company; (ii) such Participant’s intentional, material violation of any contract or agreement between the Participant and the Company or of any statutory duty
owed to the Company; (iii) such Participant’s unauthorized use or disclosure of the Company’s confidential information or trade secrets; or (iv) such Participant’s gross misconduct. The determination that a termination of
the Participant’s Continuous Service is either for Cause or without Cause shall be made by the Company, in its sole discretion. Any determination by the Company that the Continuous Service of a Participant was terminated with or without Cause
for the purposes of outstanding Awards held by such Participant shall have no effect upon any determination of the rights or obligations of the Company or such Participant for any other purpose. 

    (g)        “Change in
Control” means the occurrence, in a single transaction or in a series of related transactions, of any one or more of the following events: 
         (i)        any Exchange Act Person becomes the Owner, directly or indirectly, of securities of the Company
representing more than fifty percent (50%) of the combined voting power of the Company’s then outstanding securities other than by virtue of a merger, consolidation or similar transaction. Notwithstanding the foregoing, a Change in Control
shall not be deemed to occur (A) on account of the acquisition of securities of the Company directly from the Company, (B) on account of the acquisition of securities of the Company by an investor, any affiliate thereof or any other
Exchange Act Person that acquires the Company’s securities in a transaction or series of related transactions the primary purpose of which is to obtain financing for the Company through the issuance of equity securities, or (C) solely
because the level of Ownership held by any Exchange Act Person (the “Subject Person”) exceeds the designated percentage threshold of the outstanding voting securities as a result of a repurchase or other acquisition of voting
securities by the Company reducing the number of shares outstanding, provided that if a Change in Control would occur (but for the operation of this sentence) as a result of the acquisition of voting securities by the Company, and after such share
acquisition, the Subject Person becomes the Owner of any additional voting securities that, assuming the repurchase or other acquisition had not occurred, increases the percentage of the then outstanding voting securities Owned by the Subject Person
over the designated percentage threshold, then a Change in Control shall be deemed to occur; 

        (ii)        there is
consummated a merger, consolidation or similar transaction involving (directly or indirectly) the Company and, immediately after the consummation of such merger, consolidation or similar transaction, the stockholders of the Company immediately prior
thereto do not Own, directly or indirectly, either (A) outstanding voting securities representing more than fifty percent (50%) of the combined outstanding voting power of the surviving Entity in such merger, consolidation or similar
transaction or (B) more than fifty percent (50%) of the combined outstanding voting power of the parent of the surviving Entity in such merger, consolidation or similar transaction, in each case in substantially the same proportions as
their Ownership of the outstanding voting securities of the Company immediately prior to such transaction; 

        (iii)      there is consummated a
sale, lease, exclusive license or other disposition of all or substantially all of the consolidated assets of the Company and its Subsidiaries, other than a sale, lease, license or other disposition of all or substantially all of the consolidated
assets 

 
of the Company and its Subsidiaries to an Entity, more than fifty percent (50%) of the combined voting power of the voting securities of which are Owned by stockholders of the Company in
substantially the same proportions as their Ownership of the outstanding voting securities of the Company immediately prior to such sale, lease, license or other disposition; or 

        (iv)        individuals
who, on the date the Plan is adopted by the Board, are members of the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the members of the Board; provided, however, that if the
appointment or election (or nomination for election) of any new Board member was approved or recommended by a majority vote of the members of the Incumbent Board then still in office, such new member shall, for purposes of this Plan, be considered
as a member of the Incumbent Board. 
     Notwithstanding the foregoing or any other
provision of this Plan, (A) the term Change in Control shall not include a sale of assets, merger or other transaction effected exclusively for the purpose of changing the domicile of the Company, and (B) the definition of Change in
Control (or any analogous term) in an individual written agreement between the Company or any Affiliate and the Participant shall supersede the foregoing definition with respect to Awards subject to such agreement; provided, however, that if
no definition of Change in Control or any analogous term is set forth in such an individual written agreement, the foregoing definition shall apply. 
     (h)        “Code” means the Internal Revenue Code of 1986, as amended, including any applicable regulations
and guidance thereunder. 

    (i)         
“Committee” means a committee of one (1) or more Directors to whom authority has been delegated by the Board in accordance with Section 2(c). 

    (j)         “Common
Stock” means the common stock of the Company. 

    (k)        “Company” means
NeoPhotonics Corporation, a Delaware corporation. 

    (l)         
“Consultant” means any person, including an advisor, who is (i) engaged by the Company or an Affiliate to render consulting or advisory services and is compensated for such services, or (ii) serving as a member
of the board of directors of an Affiliate and is compensated for such services. However, service solely as a Director, or payment of a fee for such service, shall not cause a Director to be considered a “Consultant” for purposes of the
Plan. Notwithstanding the foregoing, a person is treated as a Consultant under this Plan only if a Form S-8 Registration Statement under the Securities Act is available to register either the offer or the sale of the Company’s securities to
such person. 

    (m)        “Continuous
Service” means that the Participant’s service with the Company or an Affiliate, whether as an Employee, Director or Consultant, is not interrupted or terminated. A change in the capacity in which the Participant renders service to
the Company or an Affiliate as an Employee, Consultant or Director or a change in the entity for which the Participant renders such service, provided that there is no interruption or termination of the Participant’s service with the Company or
an Affiliate, shall not terminate a Participant’s Continuous Service; provided, however, if the Entity for which a Participant is rendering services ceases to qualify as an Affiliate, as determined by the Board, in its sole discretion,
such Participant’s Continuous 

 
Service shall be considered to have terminated on the date such Entity ceases to qualify as an Affiliate. To the extent permitted by law, the Board or the chief executive officer of the Company,
in that party’s sole discretion, may determine whether Continuous Service shall be considered interrupted in the case of (i) any leave of absence approved by the Board or chief executive officer, including sick leave, military leave or any
other personal leave, or (ii) transfers between the Company, an Affiliate, or their successors. Notwithstanding the foregoing, a leave of absence shall be treated as Continuous Service for purposes of vesting in an Award only to such extent as
may be provided in the Company’s leave of absence policy, in the written terms of any leave of absence agreement or policy applicable to the Participant, or as otherwise required by law. 

    (n)        “Corporate
Transaction” means the occurrence, in a single transaction or in a series of related transactions, of any one or more of the following events: 
         (i)        the consummation of a sale or other disposition of all or substantially all, as determined by the
Board, in its sole discretion, of the consolidated assets of the Company and its Subsidiaries; 

        (ii)       the consummation of
a sale or other disposition of at least ninety percent (90%) of the outstanding securities of the Company; 
         (iii)      the consummation of a merger, consolidation or similar transaction following which the Company is not the
surviving corporation; or 

        (iv)      the consummation of a
merger, consolidation or similar transaction following which the Company is the surviving corporation but the shares of Common Stock outstanding immediately preceding the merger, consolidation or similar transaction are converted or exchanged by
virtue of the merger, consolidation or similar transaction into other property, whether in the form of securities, cash or otherwise. 
     (o)        “Covered Employee” shall have the meaning provided in Section 162(m)(3) of the Code.

    (p)        “Director”
means a member of the Board. 

    (q)        “Disability”
means, with respect to a Participant, the inability of such Participant to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted
or can be expected to last for a continuous period of not less than twelve (12) months, as provided in Sections 22(e)(3) and 409A(a)(2)(c)(i) of the Code, and shall be determined by the Board on the basis of such medical evidence as the Board
deems warranted under the circumstances. 

    (r)        “Effective
Date” means the effective date of the Plan as set forth in Section 11. 

    (s)        “Employee”
means any person employed by the Company or an Affiliate. However, service solely as a Director, or payment of a fee for such services, shall not cause a Director to be considered an “Employee” for purposes of the Plan. 

    (t)        “Entity” means a
corporation, partnership, limited liability company or other entity. 

    (u)        “Exchange Act”
means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 

    (v)        “Exchange Act
Person” means any natural person, Entity or “group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act), except that “Exchange Act Person” shall not include (i) the Company or any Subsidiary
of the Company, (ii) any employee benefit plan of the Company or any Subsidiary of the Company or any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Subsidiary of the Company, (iii) an
underwriter temporarily holding securities pursuant to a registered public offering of such securities, (iv) an Entity Owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their Ownership of
stock of the Company; or (v) any natural person, Entity or “group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act) that, as of the Effective Date, is the Owner, directly or indirectly, of securities of the
Company representing more than fifty percent (50%) of the combined voting power of the Company’s then outstanding securities. 
     (w)        “Fair Market Value” means, as of any date, the value of the Common Stock determined as follows:

         (i)        If
the Common Stock is listed on any established stock exchange or traded on any established market, the Fair Market Value of a share of Common Stock shall be, unless otherwise determined by the Board, the closing sales price for such stock as quoted
on such exchange or market (or the exchange or market with the greatest volume of trading in the Common Stock) on the date of determination, as reported in a source the Board deems reliable. 

        (ii)       Unless otherwise
provided by the Board, if there is no closing sales price for the Common Stock on the date of determination, then the Fair Market Value shall be the closing selling price on the last preceding date for which such quotation exists. 

        (iii)      In the absence of such
markets for the Common Stock, the Fair Market Value shall be determined by the Board in good faith and in a manner that complies with Sections 409A and 422 of the Code. 

    (x)        “Incentive Stock
Option” means an option granted pursuant to Section 5 of the Plan that is intended to be, and qualifies as, an “incentive stock option” within the meaning of Section 422 of the Code. 

    (y)        “IPO Date”
means the date of the underwriting agreement between the Company and the underwriter(s) managing the initial public offering of the Common Stock, pursuant to which the Common Stock is priced for the initial public offering. 

    (z)        “Non-Employee
Director” means a Director who either (i) is not a current employee or officer of the Company or an Affiliate, does not receive compensation, either directly or indirectly, from the Company or an Affiliate for services rendered as
a consultant or in any capacity other than as a Director (except for an amount as to which disclosure would not 

 
be required under Item 404(a) of Regulation S-K promulgated pursuant to the Securities Act (“Regulation S-K”)), does not possess an interest in any other transaction
for which disclosure would be required under Item 404(a) of Regulation S-K, and is not engaged in a business relationship for which disclosure would be required pursuant to Item 404(b) of Regulation S-K; or (ii) is otherwise
considered a “non-employee director” for purposes of Rule 16b-3. 

    (aa)      “Nonstatutory Stock
Option” means any option granted pursuant to Section 5 of the Plan that does not qualify as an Incentive Stock Option. 
     (bb)      “Officer” means a person who is an officer of the Company within the meaning of Section 16 of the
Exchange Act. 

    (cc)      “Option” means an
Incentive Stock Option or a Nonstatutory Stock Option to purchase shares of Common Stock granted pursuant to the Plan. 
     (dd)      “Option Agreement” means a written agreement between the Company and an Optionholder evidencing the terms and
conditions of an Option grant. Each Option Agreement shall be subject to the terms and conditions of the Plan. 

    (ee)      “Optionholder” means a
person to whom an Option is granted pursuant to the Plan or, if applicable, such other person who holds an outstanding Option. 
     (ff)       “Other Stock Award” means an award based in whole or in part by reference to the Common Stock which is
granted pursuant to the terms and conditions of Section 6(d). 

    (gg)      “Other Stock Award
Agreement” means a written agreement between the Company and a holder of an Other Stock Award evidencing the terms and conditions of an Other Stock Award grant. Each Other Stock Award Agreement shall be subject to the terms and
conditions of the Plan. 

    (hh)      “Outside Director” means a
Director who either (i) is not a current employee of the Company or an “affiliated corporation” (within the meaning of Treasury Regulations promulgated under Section 162(m) of the Code), is not a former employee of the Company or
an “affiliated corporation” who receives compensation for prior services (other than benefits under a tax-qualified retirement plan) during the taxable year, has not been an officer of the Company or an “affiliated corporation,”
and does not receive remuneration from the Company or an “affiliated corporation,” either directly or indirectly, in any capacity other than as a Director, or (ii) is otherwise considered an “outside director” for purposes
of Section 162(m) of the Code. 

    (ii)        “Own,”
“Owned,” “Owner,” “Ownership” A person or Entity shall be deemed to “Own,” to have “Owned,” to be the “Owner” of, or to have acquired
“Ownership” of securities if such person or Entity, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares voting power, which includes the power to vote or to direct the voting,
with respect to such securities. 

    (jj)       “Participant” means
a person to whom an Award is granted pursuant to the Plan or, if applicable, such other person who holds an outstanding Stock Award. 

    (kk)      “Performance Cash Award”
means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii). 

    (ll)        “Performance
Criteria” means the one or more criteria that the Board shall select for purposes of establishing the Performance Goals for a Performance Period. The Performance Criteria that shall be used to establish such Performance Goals may be
based on any one of, or combination of, the following as determined by the Board: (i) earnings (including earnings per share and net earnings); (ii) earnings before interest, taxes and depreciation; (iii) earnings before interest,
taxes, depreciation and amortization; (iv) total stockholder return; (v) return on equity or average stockholder’s equity; (vi) return on assets, investment, or capital employed; (vii) stock price; (viii) margin
(including gross margin); (ix) income (before or after taxes); (x) operating income; (xi) operating income after taxes; (xii) pre-tax profit; (xiii) operating cash flow; (xiv) sales or revenue targets;
(xv) increases in revenue or product revenue; (xvi) expenses and cost reduction goals; (xvii) improvement in or attainment of working capital levels; (xiii) economic value added (or an equivalent metric); (xix) market share;
(xx) cash flow; (xxi) cash flow per share; (xxii) share price performance; (xxiii) debt reduction; (xxiv) implementation or completion of projects or processes; (xxv) customer satisfaction;
(xxvi) stockholders’ equity; (xxvii) capital expenditures; (xxiii) debt levels; (xxix) operating profit or net operating profit; (xxx) workforce diversity; (xxxi) growth of net income or operating income;
(xxxii) billings; and (xxxiii) to the extent that an Award is not intended to comply with Section 162(m) of the Code, other measures of performance selected by the Board. 

    (mm)    “Performance Goals” means, for a
Performance Period, the one or more goals established by the Board for the Performance Period based upon the Performance Criteria. Performance Goals may be based on a Company-wide basis, with respect to one or more business units, divisions,
Affiliates, or business segments, and in either absolute terms or relative to the performance of one or more comparable companies or the performance of one or more relevant indices. Unless specified otherwise by the Board (i) in the Award
Agreement at the time the Award is granted or (ii) in such other document setting forth the Performance Goals at the time the Performance Goals are established, the Board shall appropriately make adjustments in the method of calculating the
attainment of Performance Goals for a Performance Period as follows: (1) to exclude restructuring and/or other nonrecurring charges; (2) to exclude exchange rate effects, as applicable, for non-U.S. dollar denominated Performance Goals;
(3) to exclude the effects of changes to generally accepted accounting principles; (4) to exclude the effects of any statutory adjustments to corporate tax rates; (5) to exclude the effects of any “extraordinary items” as
determined under generally accepted accounting principles, (6) to exclude the dilutive effects of acquisitions or joint ventures; (7) to assume that any business divested by the Company achieved performance objectives at targeted levels
during the balance of a Performance Period following such divestiture; (8) to exclude the effect of any change in the outstanding shares of common stock of the Company by reason of any stock dividend or split, stock repurchase, reorganization,
recapitalization, merger, consolidation, spin-off, combination or exchange of shares or other similar corporate change, or any distributions to common shareholders other than regular cash dividends; (9) to exclude the effects of stock based
compensation and/or the award of bonuses under the Company’s bonus plans and (10) to exclude the effect of any other unusual, non-recurring gain or loss or other extraordinary item. In addition, the Board retains the discretion to reduce
or eliminate the compensation or economic benefit due upon attainment of Performance Goals and to define the manner of calculating the 

 
Performance Criteria it selects to use for such Performance Period. Partial achievement of the specified criteria may result in the payment or vesting corresponding to the degree of achievement
as specified in the Stock Award Agreement or the written terms of a Performance Cash Award. 

    (nn)      “Performance Period” means
the period of time selected by the Board over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to and the payment of a Stock Award or a Performance Cash Award.
Performance Periods may be of varying and overlapping duration, at the sole discretion of the Board. 

    (oo)      “Performance Stock Award”
means a Stock Award granted under the terms and conditions of Section 6(c)(i). 

    (pp)      “Plan” means this
NeoPhotonics Corporation 2010 Equity Incentive Plan. 

    (qq)      “Resignation for Good
Reason” means voluntary termination by a Participant from all positions he or she then holds with the Company, which resignation results in a “separation from service” with the Company within the meaning of Treasury Regulation
Section 1.409A-1(h), effective within a period of ninety (90) days after the Participant provides written notice to the Company after the initial occurrence of one of the following actions taken without his or her written consent, which
written notice must be provided within thirty (30) days after the initial occurrence of one of the following actions, and must reasonably specify the particulars of the action; provided, however, that following the receipt of notice by
the Company, the Company shall have a period of thirty (30) days during which to remedy the action giving rise to a Resignation for Good Reason and if such action is materially remedied by the Company during such period, no event giving rise to
a right for a Resignation for Good Reason shall be deemed to have occurred: 

        (i)        the assignment
to the Participant of any duties or responsibilities that results in a material diminution in the Participant’s employment role in the Company as in effect immediately prior to the date of such actions; provided, however, that mere
changes in the Participant’s title or reporting relationships alone shall not constitute a basis for Resignation for Good Reason; 
         (ii)       a greater than twenty percent (20%) aggregate reduction by the Company in the Participant’s
annual base salary (that is, a material reduction in base compensation), as in effect immediately prior to the date of such actions; provided, however, that if there are across-the-board proportionate salary reductions for all other similarly
situated Employees or Consultants, as determined by the Board, by the same percentage amount as part of a general salary reduction, the reduction as to that Participant shall not constitute a basis for Resignation for Good Reason; or 

        (iii)      a non-temporary
relocation of the Participant’s business office to a location that increases Participant’s one way commute by more than thirty-five (35) miles from the location at which the Participant performs duties as of immediately prior to the
date of such action. 

    (rr)     “Restricted Stock Award” means an
award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(a). 

    (ss)      “Restricted Stock Award
Agreement” means a written agreement between the Company and a holder of a Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award grant. Each Restricted Stock Award Agreement shall be subject to the terms
and conditions of the Plan. 

    (tt)      “Restricted Stock Unit
Award” means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b). 
     (uu)     “Restricted Stock Unit Award Agreement” means a written agreement between the Company and a holder of a Restricted
Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement shall be subject to the terms and conditions of the Plan. 

    (vv)      “Rule 16b-3” means Rule
16b-3 promulgated under the Exchange Act or any successor to Rule 16b-3, as in effect from time to time. 

    (ww)     “Securities Act” means the
Securities Act of 1933, as amended. 

    (xx)      “Stock Appreciation Right”
or “SAR” means a right to receive the appreciation on Common Stock that is granted pursuant to the terms and conditions of Section 5. 

    (yy)      “Stock Appreciation Right
Agreement” means a written agreement between the Company and a holder of a Stock Appreciation Right evidencing the terms and conditions of a Stock Appreciation Right grant. Each Stock Appreciation Right Agreement shall be subject to the
terms and conditions of the Plan. 

    (zz)      “Stock Award” means any
right to receive Common Stock granted under the Plan, including an Incentive Stock Option, a Nonstatutory Stock Option, a Restricted Stock Award, a Restricted Stock Unit Award, a Stock Appreciation Right, a Performance Stock Award or any Other Stock
Award. 
     (aaa)   “Stock Award Agreement”
means a written agreement between the Company and a Participant evidencing the terms and conditions of a Stock Award grant. Each Stock Award Agreement shall be subject to the terms and conditions of the Plan. 

    (bbb)   “Subsidiary” means, with respect to the
Company, (i) any corporation of which more than fifty percent (50%) of the outstanding capital stock having ordinary voting power to elect a majority of the board of directors of such corporation (irrespective of whether, at the time,
stock of any other class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time, directly or indirectly, Owned by the Company, and (ii) any partnership, limited
liability company or other entity in which the Company has a direct or indirect interest (whether in the form of voting or participation in profits or capital contribution) of more than fifty percent (50%). 

     (ccc)   “Ten
Percent Stockholder” means a person who Owns (or is deemed to Own pursuant to Section 424(d) of the Code) stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company
or any Affiliate. 

 NEOPHOTONICS CORPORATION 

STOCK OPTION GRANT NOTICE 

(2010 EQUITY INCENTIVE PLAN) 

NeoPhotonics Corporation (the “Company”), pursuant to its 2010 Equity Incentive Plan (the
“Plan”), hereby grants to Optionholder an option to purchase the number of shares of the Company’s Common Stock set forth below. This option is subject to all of the terms and conditions as set forth herein and in the
Option Agreement, the Plan, and the Notice of Exercise, all of which are attached hereto and incorporated herein in their entirety. 
  

					
	 Optionholder:
	  	  
	  	
	 Date of Grant:
	  	  
	  	
	 Vesting Commencement Date:
	  	  
	  	
	 Number of Shares Subject to Option:
	  	  
	  	
	 Exercise Price (Per Share):
	  	  
	  	
	 Total Exercise Price:
	  	  
	  	
	 Expiration Date:
	  	  
	  	

  

					
	Type of Grant:	 	 ̈ Incentive Stock Option1	 	 ̈ Nonstatutory Stock Option
			
	Exercise Schedule:	 	 ̈ Same as Vesting Schedule	 	
		
	 Vesting Schedule:
	 	 [1/4th of the shares vest one year after the Vesting Commencement Date; the balance of the shares vest in a series of thirty-six (36) successive equal monthly installments measured from the first
anniversary of the Vesting Commencement Date.]

		
	Payment:	 	 By one or a combination of the following items (described in the Option Agreement):

		
		 	 x    By cash or check

 

x    By bank draft or money order payable to the Company

 

x    Pursuant to a Regulation T Program if the Shares are publicly
traded
  

x    By delivery of already-owned shares if the Shares are publicly
traded
  

x    If and only to the extent this option is a Nonstatutory Stock
Option, and subject to the Company’s consent at the time of exercise, by a “net exercise” arrangement
2

Additional Terms/Acknowledgements: The undersigned Optionholder acknowledges receipt of, and understands and agrees to, this Stock
Option Grant Notice, the Option Agreement and the Plan. Optionholder further acknowledges that as of the Date of Grant, this Stock Option Grant Notice, the Option Agreement, and the Plan set forth the entire understanding between Optionholder and
the Company regarding the acquisition of stock in the Company and supersede all prior oral and written agreements on that subject with the exception of (i) options previously granted and delivered to Optionholder by the Company, and
(ii) the following agreements only: 
  

			
	OTHER AGREEMENTS:	  	  

		  	  

 
  

1 If this is an Incentive Stock Option, it (plus other outstanding Incentive Stock Options) cannot be first
exercisable for more than $100,000 in value (measured by exercise price) in any calendar year. Any excess over $100,000 is a Nonstatutory Stock Option. 

2 An Incentive Stock Option may not be exercised by a net exercise arrangement. 

  

									
	NEOPHOTONICS CORPORATION	 	OPTIONHOLDER:
				
	By:	 	  
	 		 	  

		 	Signature	 		 		 	Signature
					
	Title:	 	  
	 		 	Date:	 	  

					
	Date:	 	  
	 		 		 	

 ATTACHMENTS: Option Agreement, 2010 Equity Incentive Plan and
Notice of Exercise 

 ATTACHMENT I 

OPTION AGREEMENT 

 ATTACHMENT II 

2010 EQUITY INCENTIVE PLAN 

 ATTACHMENT III 

NOTICE OF EXERCISE 

 NOTICE OF EXERCISE 

2010 EQUITY INCENTIVE PLAN 

 

					
	 NeoPhotonics Corporation

2911 Zanker Road
 San Jose, California
95134
	  	Date of Exercise:	 	  

 Ladies and Gentlemen: 
 This constitutes notice under my stock
option that I elect to purchase the number of shares for the price set forth below. 
  

							
	Type of option (check one):	  	Incentive   ̈	  	Nonstatutory   ̈	  	
				
	Stock option dated:	  	___________	  		  	
				
	Number of shares as to which option is exercised:	  	___________	  		  	
				
	Shares to be issued in name of:	  	___________	  		  	
				
	Total exercise price:	  	$                    	  		  	
				
	 Cash payment delivered herewith:
	  	$                    	  		  	
				
	 Regulation T Program (cashless exercise)
	  	$                    	  		  	
				
	 Value of                      shares of
NeoPhotonics Corporation common stock pursuant to net exercise3:
	  	$                    	  		  	

 By this exercise, I agree (i) to provide such additional documents as you may
require pursuant to the terms of the 2010 Equity Incentive Plan, (ii) to provide for the payment by me to you (in the manner designated by you) of your withholding obligation, if any, relating to the exercise of this option, and (iii) if
this exercise relates to an incentive stock option, to notify you in writing within fifteen (15) days after the date of any disposition of any of the shares of 

  
  

3        NeoPhotonics Corporation must have established net exercise procedures
at the time of exercise in order to utilize this payment method and must expressly consent to your use of net exercise at the time of exercise. An Incentive Stock Option may not be exercised by a net exercise arrangement. 

 
Common Stock issued upon exercise of this option that occurs within two (2) years after the date of grant of this option or within one (1) year after such shares of Common Stock are
issued upon exercise of this option. 
  

	
	Very truly yours,
	
	  

 NEOPHOTONICS CORPORATION 

2010 EQUITY INCENTIVE PLAN 

OPTION AGREEMENT 
 (INCENTIVE STOCK OPTION OR NONSTATUTORY STOCK OPTION) 

Pursuant to your Stock Option Grant Notice (“Grant Notice”) and this Option Agreement,
NeoPhotonics Corporation (the “Company”) has granted you an option under its 2010 Equity Incentive Plan (the “Plan”) to purchase the number of shares of the Company’s Common Stock indicated in
your Grant Notice at the exercise price indicated in your Grant Notice. Defined terms not explicitly defined in this Option Agreement but defined in the Plan shall have the same definitions as in the Plan. 

The details of your option are as follows: 

VESTING.  Subject to the limitations contained herein and the potential vesting
acceleration provisions set forth in Section 9 of the Plan, your option will vest as provided in your Grant Notice, provided that vesting will cease upon the termination of your Continuous Service. 

NUMBER OF SHARES AND EXERCISE
PRICE.  The number of shares of Common Stock subject to your option and your exercise price per share referenced in your Grant Notice may be adjusted from time to time for Capitalization Adjustments. 

EXERCISE RESTRICTION FOR NON-EXEMPT
EMPLOYEES.  In the event that you are an Employee eligible for overtime compensation under the Fair Labor Standards Act of 1938, as amended (i.e., a “Non-Exempt Employee”), and except as
otherwise provided in the Plan, you may not exercise your option until you have completed at least six (6) months of Continuous Service measured from the Date of Grant specified in your Grant Notice, notwithstanding any other provision of your
option. 
 EXERCISE PRIOR TO VESTING
(“EARLY EXERCISE”).  If permitted in your Grant Notice (i.e., the “Exercise Schedule” indicates “Early Exercise Permitted”) and subject to the provisions of your
option, you may elect at any time that is both (i) during the period of your Continuous Service and (ii) during the term of your option, to exercise all or part of your option, including the unvested portion of your option; provided,
however, that: 
 a partial exercise of your option shall be deemed to cover first vested shares of Common
Stock and then the earliest vesting installment of unvested shares of Common Stock; 
 any shares of Common
Stock so purchased from installments that have not vested as of the date of exercise shall be subject to the purchase option in favor of the Company as described in the Company’s form of Early Exercise Stock Purchase Agreement; 

you shall enter into the Company’s form of Early Exercise Stock Purchase Agreement with a vesting schedule that
will result in the same vesting as if no early exercise had occurred; and 

 if your option is an Incentive Stock Option, then, to the extent that the
aggregate Fair Market Value (determined at the time of grant) of the shares of Common Stock with respect to which your option plus all other Incentive Stock Options you hold are exercisable for the first time by you during any calendar year (under
all plans of the Company and its Affiliates) exceeds one hundred thousand dollars ($100,000), your option(s) or portions thereof that exceed such limit (according to the order in which they were granted) shall be treated as Nonstatutory Stock
Options. 
 METHOD OF PAYMENT.  Payment of the
exercise price is due in full upon exercise of all or any part of your option. You may elect to make payment of the exercise price in cash or by check or in any other manner permitted by your Grant Notice, which may include one or more
of the following: 
 Provided that at the time of exercise the Common Stock is publicly traded, pursuant to a
program developed under Regulation T as promulgated by the Federal Reserve Board that, prior to the issuance of Common Stock, results in either the receipt of cash (or check) by the Company or the receipt of irrevocable instructions to pay the
aggregate exercise price to the Company from the sales proceeds. 
 Provided that at the time of exercise the
Common Stock is publicly traded, by delivery to the Company (either by actual delivery or attestation) of already-owned shares of Common Stock that are owned free and clear of any liens, claims, encumbrances or security interests, and that are
valued at Fair Market Value on the date of exercise. “Delivery” for these purposes, in the sole discretion of the Company at the time you exercise your option, shall include delivery to the Company of your attestation of ownership of such
shares of Common Stock in a form approved by the Company. Notwithstanding the foregoing, you may not exercise your option by tender to the Company of Common Stock to the extent such tender would violate the provisions of any law, regulation or
agreement restricting the redemption of the Company’s stock. 
 If the Option is a Nonstatutory Stock
Option, subject to the consent of the Company at the time of exercise, by a “net exercise” arrangement pursuant to which the Company will reduce the number of shares of Common Stock issued upon exercise of your option by the
largest whole number of shares with a Fair Market Value that does not exceed the aggregate exercise price; provided, however, that the Company shall accept a cash or other payment from you to the extent of any remaining balance of the
aggregate exercise price not satisfied by such reduction in the number of whole shares to be issued; provided further, however, that shares of Common Stock will no longer be outstanding under your option and will not be exercisable thereafter to the
extent that (1) shares are used to pay the exercise price pursuant to the “net exercise,” (2) shares are delivered to you as a result of such exercise, and (3) shares are withheld to satisfy tax withholding obligations.

 WHOLE SHARES.  You may exercise your option only for whole
shares of Common Stock. 
 SECURITIES LAW
COMPLIANCE.  Notwithstanding anything to the contrary contained herein, you may not exercise your option unless the shares of Common Stock issuable upon such 

 
exercise are then registered under the Securities Act or, if such shares of Common Stock are not then so registered, the Company has determined that such exercise and issuance would be exempt
from the registration requirements of the Securities Act. The exercise of your option also must comply with other applicable laws and regulations governing your option, and you may not exercise your option if the Company determines that such
exercise would not be in material compliance with such laws and regulations. 

TERM.  You may not exercise your option before the commencement or after the expiration
of its term. The term of your option commences on the Date of Grant and expires, subject to the provisions of Section 5(h) of the Plan, upon the earliest of the following: 

immediately upon the termination of your Continuous Service for Cause; 

three (3) months after the termination of your Continuous Service for any reason other than Cause, your Disability
or death, provided that if during any part of such three (3) month period your option is not exercisable solely because of the condition set forth in the section above relating to “Securities Law Compliance,” your option shall not
expire until the earlier of the Expiration Date or until it shall have been exercisable for an aggregate period of three (3) months after the termination of your Continuous Service; and if (i) you are a Non-Exempt Employee, (ii) your
Continuous Service terminates within six (6) months after the Date of Grant specified in your Grant Notice, and (iii) you have vested in a portion of your option at the time of your termination of Continuous Service, your option shall not
expire until the earlier of (x) the later of (A) the date that is seven (7) months after the Date of Grant specified in your Grant Notice or (B) the date that is three (3) months after the termination of your Continuous
Service, or (y) the Expiration Date; 
 twelve (12) months after the termination of your Continuous
Service due to your Disability; 
 eighteen (18) months after your death if you die either during your
Continuous Service or within three (3) months after your Continuous Service terminates for any reason other than Cause; 
 the Expiration Date indicated in your Grant Notice; or 
 the day
before the tenth (10th) anniversary of the Date of Grant. 
 If your option is an Incentive Stock Option,
note that to obtain the federal income tax advantages associated with an Incentive Stock Option, the Code requires that at all times beginning on the date of grant of your option and ending on the day three (3) months before the date of your
option’s exercise, you must be an employee of the Company or an Affiliate, except in the event of your death or Disability. The Company has provided for extended exercisability of your option under certain circumstances for your benefit but
cannot guarantee that your option will necessarily be treated as an Incentive Stock Option if you continue to provide services to the Company or an Affiliate as a Consultant or Director after your employment terminates or if you otherwise exercise
your option more than three (3) months after the date your employment with the Company or an Affiliate terminates. 

 EXERCISE. 

You may exercise the vested portion of your option (and the unvested portion of your option if your Grant Notice so
permits) during its term by delivering a Notice of Exercise (in a form designated by the Company) together with the exercise price to the Secretary of the Company, or to such other person as the Company may designate, during regular business hours,
together with such additional documents as the Company may then require. 
 By exercising your option you agree
that, as a condition to any exercise of your option, the Company may require you to enter into an arrangement providing for the payment by you to the Company of any tax withholding obligation of the Company arising by reason of (1) the exercise
of your option, (2) the lapse of any substantial risk of forfeiture to which the shares of Common Stock are subject at the time of exercise, or (3) the disposition of shares of Common Stock acquired upon such exercise. 

If your option is an Incentive Stock Option, by exercising your option you agree that you will notify the Company in
writing within fifteen (15) days after the date of any disposition of any of the shares of the Common Stock issued upon exercise of your option that occurs within two (2) years after the date of your option grant or within one
(1) year after such shares of Common Stock are transferred upon exercise of your option. 

TRANSFERABILITY.  Except as otherwise provided in this Section 10, your option is
not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life only by you. 
 Certain Trusts.  Upon receiving written permission from the Board or its duly authorized designee, you may transfer your option to a trust if you are considered to be the sole beneficial
owner (determined under Section 671 of the Code and applicable state law) while the option is held in the trust, provided that you and the trustee enter into transfer and other agreements required by the Company. 

Domestic Relations Orders.  Upon receiving written permission from the Board or its duly authorized
designee, and provided that you and the designated transferee enter into transfer and other agreements required by the Company, you may transfer your option pursuant to a domestic relations order that contains the information required by the Company
to effectuate the transfer. You are encouraged to discuss the proposed terms of any division of this option with the Company prior to finalizing the domestic relations order to help ensure the required information is contained within the domestic
relations order. If this option is an Incentive Stock Option, this option may be deemed to be a Nonstatutory Stock Option as a result of such transfer. 
 Beneficiary Designation.  Upon receiving written permission from the Board or its duly authorized designee, you may, by delivering written notice to the Company, in a form provided by or
otherwise satisfactory to the Company and any broker designated by the Company to effect option exercises, designate a third party who, in the event of your death, shall thereafter be entitled to exercise this option and receive the Common Stock or
other consideration resulting from such exercise. In the absence of such a designation, your executor or administrator 

 
of your estate shall be entitled to exercise this option and receive, on behalf of your estate, the Common Stock or other consideration resulting from such exercise. 

OPTION NOT A SERVICE
CONTRACT.  Your option is not an employment or service contract, and nothing in your option shall be deemed to create in any way whatsoever any obligation on your part to continue in the employ of the Company or an
Affiliate, or of the Company or an Affiliate to continue your employment. In addition, nothing in your option shall obligate the Company or an Affiliate, their respective stockholders, Boards of Directors, Officers or Employees to continue any
relationship that you might have as a Director or Consultant for the Company or an Affiliate. 

WITHHOLDING OBLIGATIONS. 

At the time you exercise your option, in whole or in part, or at any time thereafter as requested by the Company, you
hereby authorize withholding from payroll and any other amounts payable to you, and otherwise agree to make adequate provision for (including by means of a “cashless exercise” pursuant to a program developed under Regulation T as
promulgated by the Federal Reserve Board to the extent permitted by the Company), any sums required to satisfy the federal, state, local and foreign tax withholding obligations of the Company or an Affiliate, if any, which arise in connection with
the exercise of your option. 
 Upon your request and subject to approval by the Company, in its sole
discretion, and in compliance with any applicable legal conditions or restrictions, the Company may withhold from fully vested shares of Common Stock otherwise issuable to you upon the exercise of your option a number of whole shares of Common Stock
having a Fair Market Value, determined by the Company as of the date of exercise, not in excess of the minimum amount of tax required to be withheld by law (or such lower amount as may be necessary to avoid classification of your option as a
liability for financial accounting purposes). If the date of determination of any tax withholding obligation is deferred to a date later than the date of exercise of your option, share withholding pursuant to the preceding sentence shall not be
permitted unless you make a proper and timely election under Section 83(b) of the Code, covering the aggregate number of shares of Common Stock acquired upon such exercise with respect to which such determination is otherwise deferred, to
accelerate the determination of such tax withholding obligation to the date of exercise of your option. Notwithstanding the filing of such election, shares of Common Stock shall be withheld solely from fully vested shares of Common Stock determined
as of the date of exercise of your option that are otherwise issuable to you upon such exercise. Any adverse consequences to you arising in connection with such share withholding procedure shall be your sole responsibility. 

You may not exercise your option unless the tax withholding obligations of the Company and/or any Affiliate are
satisfied. Accordingly, you may not be able to exercise your option when desired even though your option is vested, and the Company shall have no obligation to issue a certificate for such shares of Common Stock unless such obligations are
satisfied. 
 TAX CONSEQUENCES.  You hereby agree
that the Company does not have a duty to design or administer the Plan or its other compensation programs in a manner that minimizes your tax liabilities. You shall not make any claim against the Company, or any of its Officers, Directors,

 
Employees or Affiliates related to tax liabilities arising from your option or your other compensation. In particular, you acknowledge that this option is exempt from Section 409A of the
Code only if the exercise price per share specified in the Grant Notice is at least equal to the “fair market value” per share of the Common Stock on the Date of Grant and there is no other impermissible deferral of compensation associated
with the option. 
 NOTICES. Any notices provided for in your option or the Plan shall be
given in writing and shall be deemed effectively given upon receipt or, in the case of notices delivered by mail by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the last address
you provided to the Company. 
 GOVERNING PLAN DOCUMENT.
Your option is subject to all the provisions of the Plan, the provisions of which are hereby made a part of your option, and is further subject to all interpretations, amendments, rules and regulations, which may from time to time be promulgated and
adopted pursuant to the Plan. In the event of any conflict between the provisions of your option and those of the Plan, the provisions of the Plan shall control. 

 NEOPHOTONICS CORPORATION 

RESTRICTED STOCK UNIT GRANT NOTICE 

2010 EQUITY INCENTIVE PLAN 

NeoPhotonics Corporation (the “Company”), pursuant to its 2010 Equity Incentive Plan (the
“Plan”), hereby awards to Participant a Restricted Stock Unit award for the number of shares of the Company’s Common Stock set forth below (the “Award”). The Award is subject to all of the terms
and conditions as set forth herein and in the Plan and the Restricted Stock Unit Agreement, both of which are attached hereto and incorporated herein in their entirety. Capitalized terms not otherwise defined herein shall have the meanings set forth
in the Plan or the Restricted Stock Unit Agreement. In the event of any conflict between the terms in the Award and the Plan, the terms of the Plan shall control. 
  

					
	Participant:	  	  
	  	
	Date of Grant:	  	  
	  	
	Vesting Commencement Date:	  	  
	  	
	Number of Units/Shares Subject to Award:	  	  
	  	
	Consideration:	  	Participant’s past services	  	

  

			
	Vesting Schedule:	 	
[                        
                                         
                                         
                          ].

		 	 Notwithstanding the foregoing, vesting shall terminate upon the Participant’s termination of

		 	Continuous Service (as defined in the Restricted Stock Unit Agreement).
		
	Issuance Schedule:	 	 The shares will be issued in accordance with the issuance schedule set forth in Section 0 of

the Restricted Stock Unit Agreement.

 Additional Terms/Acknowledgements: The undersigned Participant acknowledges receipt of, and understands and agrees to, this Restricted Stock Unit Grant Notice, the Restricted Stock Unit Agreement
and the Plan. Participant further acknowledges that as of the Date of Grant, this Restricted Stock Unit Grant Notice, the Restricted Stock Unit Agreement and the Plan set forth the entire understanding between Participant and the Company regarding
the award of the Restricted Stock Units and the underlying Common Stock of the Company and supersede all prior oral and written agreements on that subject with the exception of (i) awards previously granted and delivered to Participant under
the Plan, the Company’s 2004 Stock Option Plan, and (ii) the following agreements only: 
  

					
		 	OTHER AGREEMENTS:	 	  

		 		 	  

 

									
	NEOPHOTONICS CORPORATION	 		 	PARTICIPANT:
				
	By:	 	  
	 		 	  

	Signature	 		 	Signature
					
	Title:	 	  
	 		 	Date:	 	  

					
	Date:	 	  
	 		 		 	

ATTACHMENTS:        Restricted Stock Unit Agreement, 2010
Equity Incentive Plan 

 ATTACHMENT I 

NEOPHOTONICS CORPORATION 

2010 EQUITY INCENTIVE PLAN 

RESTRICTED STOCK UNIT AGREEMENT 

Pursuant to the Restricted Stock Unit Grant Notice (the “Grant Notice”) and this Restricted Stock
Unit Agreement (the “Agreement”) and in consideration of your services, NeoPhotonics Corporation (the “Company”) has awarded you a Restricted Stock Unit award (the “Award”)
under its 2010 Equity Incentive Plan (the “Plan”). Your Award is granted to you effective as of the Date of Grant set forth in the Grant Notice for this Award and is subject to the terms set forth herein. Defined terms not
explicitly defined in this Agreement shall have the same meanings given to them in the Plan. In the event of any conflict between the terms in this Agreement and the Plan, the terms of the Plan shall control. The details of your Award, in addition
to those set forth in the Grant Notice and the Plan, are as follows. 
 GRANT
OF THE AWARD.  This Award represents the right to be issued on a future date the number of shares of the Company’s Common Stock as indicated in the Grant Notice. As of the Date of
Grant, the Company will credit to a bookkeeping account maintained by the Company for your benefit (the “Account”) the number of shares of Common Stock subject to the Award. This Award was granted in consideration of your
services to the Company. Except as otherwise provided herein, you will not be required to make any payment to the Company (other than past and future services to the Company) with respect to your receipt of the Award, the vesting of the shares or
the delivery of the underlying Common Stock. 
 VESTING.  Subject to the
limitations contained herein and the potential vesting acceleration provisions set forth in Section 9(d) of the Plan, your Award will vest, if at all, in accordance with the vesting schedule provided in the Grant Notice, provided that vesting
will cease upon the termination of your Continuous Service. Upon such termination of your Continuous Service, the shares credited to the Account that were not vested on the date of such termination will be forfeited at no cost to the Company and you
will have no further right, title or interest in or to such underlying shares of Common Stock. 

NUMBER OF SHARES. 

The number of units/shares subject to your Award may be adjusted from time to time for Capitalization Adjustments, as
provided in the Plan. 
 Any shares, cash or other property that becomes subject to the Award pursuant to this
Section 3, if any, shall be subject, in a manner determined by the Board, to the same forfeiture restrictions, restrictions on transferability, and time and manner of delivery as applicable to the other shares covered by your Award. 

Notwithstanding the provisions of this Section 3, no fractional shares or rights for fractional shares of Common
Stock shall be created pursuant to this Section 3. The Board shall, 

  
 1. 

 
in its discretion, determine an equivalent benefit for any fractional shares or fractional shares that might be created by the adjustments referred to in this Section 3. 

SECURITIES LAW COMPLIANCE.  You may not be issued any
shares under your Award unless either (a) the shares are registered under the Securities Act; or (b) the Company has determined that such issuance would be exempt from the registration requirements of the Securities Act. Your Award also
must comply with other applicable laws and regulations governing the Award, and you will not receive such shares if the Company determines that such receipt would not be in material compliance with such laws and regulations. 

TRANSFER RESTRICTIONS.  Prior to the time that shares of Common Stock have
been delivered to you, you may not transfer, pledge, sell or otherwise dispose of this Award or the shares issuable in respect of your Award, except as expressly provided in this Section Error! Reference source not found.. For example,
you may not use shares that may be issued in respect of your Restricted Stock Units as security for a loan. The restrictions on transfer set forth herein will lapse upon delivery to you of shares in respect of your vested Restricted Stock Units.

 Death.  Your Award is transferable by will and by the laws of descent and distribution. In
addition, upon receiving written permission from the Board or its duly authorized designee, you may, by delivering written notice to the Company, in a form provided by or otherwise satisfactory to the Company and any broker designated by the Company
to effect transactions under the Plan, designate a third party who, in the event of your death, shall thereafter be entitled to receive any distribution of Common Stock or other consideration to which you were entitled at the time of your death
pursuant to this Agreement. In the absence of such a designation, your executor or administrator of your estate shall be entitled to receive, on behalf of your estate, such Common Stock or other consideration. 

Certain Trusts.  Upon receiving written permission from the Board or its duly authorized designee, you
may transfer your Award to a trust if you are considered to be the sole beneficial owner (determined under Section 671 of the Code and applicable state law) while the Award is held in the trust, provided that you and the trustee enter into
transfer and other agreements required by the Company. 
 Domestic Relations Orders.  Upon
receiving written permission from the Board or its duly authorized designee, and provided that you and the designated transferee enter into transfer and other agreements required by the Company, you may transfer your Award or your right to receive
the distribution of Common Stock or other consideration thereunder, pursuant to a domestic relations order that contains the information required by the Company to effectuate the transfer. You are encouraged to discuss the proposed terms of any
division of this Award with the Company prior to finalizing the domestic relations order to help ensure the required information is contained within the domestic relations order. 

DATE OF ISSUANCE. 

The Company will deliver to you a number of shares of the Company’s Common Stock equal to the number of vested
shares subject to your Award, including any additional shares received pursuant to Section 3 above that relate to those vested shares on the applicable 

  
 2. 

 
vesting date(s). However, if a scheduled delivery date falls on a date that is not a business day, such delivery date shall instead fall on the next following business day. 

Notwithstanding the foregoing, in the event that (i) you are subject to the Company’s policy permitting
certain individuals to sell shares only during certain “window” periods, in effect from time to time or you are otherwise prohibited from selling shares of the Company’s Common Stock in the public market and any shares covered by your
Award are scheduled to be delivered on a day (the “Original Distribution Date”) that does not occur during an open “window period” applicable to you, as determined by the Company in accordance with such policy, or
does not occur on a date when you are otherwise permitted to sell shares of the Company’s common stock on the open market, and (ii) the Company elects not to satisfy its tax withholding obligations by withholding shares from your
distribution, then such shares shall not be delivered on such Original Distribution Date and shall instead be delivered on the first (1st) business day of the next occurring open “window period” applicable to you pursuant to such
policy (regardless of whether you are still providing Continuous Service at such time) or the next business day when you are not prohibited from selling shares of the Company’s Common Stock in the open market, as applicable, but in no event
later than the fifteenth (15th) day of the third (3rd) calendar month of the calendar year following the calendar year in which the shares of Common Stock originally became vested. The form of such delivery (e.g., a stock
certificate or electronic entry evidencing such shares) shall be determined by the Company. In all cases, the delivery of shares under this Award is intended to comply with Treasury Regulation Section 1.409A-1(b)(4) and shall be construed and
administered in such a manner. If it is determined that the delivery of shares under this Award does not comply with Treasury Regulation Section 1.409A-1(b)(4), shares issued under this Award shall be delivered not later than December 31
of the calendar year in which such shares originally became vested. 

DIVIDENDS.  You shall receive no benefit or adjustment to your Award with respect to any
cash dividend, stock dividend or other distribution that does not result from a Capitalization Adjustment; provided, however, that this sentence shall not apply with respect to any shares of Common Stock that are delivered to you in
connection with your Award after such shares have been delivered to you. 
 RESTRICTIVE
LEGENDS.  The shares issued under your Award shall be endorsed with appropriate legends as determined by the Company. 
 AWARD NOT A SERVICE CONTRACT. 
 Your Continuous Service with the Company or an Affiliate is not for any specified term and may be terminated by you or by the Company or an Affiliate at any time, for any reason, with or without cause and
with or without notice. Nothing in this Agreement (including, but not limited to, the vesting of your Award pursuant to the schedule set forth in Section 2 herein or the issuance of the shares subject to your Award), the Plan or any
covenant of good faith and fair dealing that may be found implicit in this Agreement or the Plan shall: (i) confer upon you any right to continue in the employ of, or affiliation with, the Company or an Affiliate; (ii) constitute any
promise or commitment by the Company or an Affiliate regarding the fact or nature of future positions, future work assignments, future compensation or any other term or condition of employment or affiliation; (iii) confer any right or benefit
under this Agreement or the 

  
 3. 

 
Plan unless such right or benefit has specifically accrued under the terms of this Agreement or Plan; or (iv) deprive the Company of the right to terminate you at will and without regard to
any future vesting opportunity that you may have. 
 The right to continue vesting in the Award pursuant to
Section 2 and the schedule set forth in the Grant Notice is earned only by continuing as an employee, director or consultant at the will of the Company (not through the act of being hired, being granted this Award or any other award or benefit)
and that the Company has the right to reorganize, sell, spin-out or otherwise restructure one or more of its businesses or Affiliates at any time or from time to time, as it deems appropriate (a “reorganization”). Such a
reorganization could result in the termination of your Continuous Service, or the termination of Affiliate status of your employer and the loss of benefits available to you under this Agreement, including but not limited to, the termination of the
right to continue vesting in the Award. This Agreement, the Plan, the transactions contemplated hereunder and the vesting schedule set forth herein or any covenant of good faith and fair dealing that may be found implicit in any of them do not
constitute an express or implied promise of continued engagement as an employee or consultant for the term of this Agreement, for any period, or at all, and shall not interfere in any way with your right or the Company’s right to terminate your
Continuous Service at any time, with or without cause and with or without notice. 

WITHHOLDING OBLIGATIONS. 

On or before the time you receive a distribution of the shares subject to your Award, or at any time thereafter as
requested by the Company, you hereby authorize any required withholding from the Common Stock issuable to you and/or otherwise agree to make adequate provision in cash for any sums required to satisfy the federal, state, local and foreign tax
withholding obligations of the Company or any Affiliate which arise in connection with your Award (the “Withholding Taxes”). Additionally, the Company may, in its sole discretion, satisfy all or any portion of the Withholding
Taxes obligation relating to your Award by any of the following means or by a combination of such means: (i) withholding from any compensation otherwise payable to you by the Company; (ii) causing you to tender a cash payment;
(iii) permitting you to enter into a “same day sale” commitment with a broker-dealer that is a member of the Financial Industry Regulatory Authority (a “FINRA Dealer”) whereby you irrevocably elect to sell a
portion of the shares to be delivered under the Award to satisfy the Withholding Taxes and whereby the FINRA Dealer irrevocably commits to forward the proceeds necessary to satisfy the Withholding Taxes directly to the Company and/or its Affiliates;
or (iv) withholding shares of Common Stock from the shares of Common Stock issued or otherwise issuable to you in connection with the Award with a Fair Market Value (measured as of the date shares of Common Stock are issued to pursuant to
Section 0) equal to the amount of such Withholding Taxes; provided, however, that the number of such shares of Common Stock so withheld shall not exceed the amount necessary to satisfy the Company’s required tax withholding obligations using
the minimum statutory withholding rates for federal, state, local and foreign tax purposes, including payroll taxes, that are applicable to supplemental taxable income. 

Unless the tax withholding obligations of the Company and/or any Affiliate are satisfied, the Company shall have no
obligation to deliver to you any Common Stock. 

  
 4. 

 In the event the Company’s obligation to withhold arises prior to the
delivery to you of Common Stock or it is determined after the delivery of Common Stock to you that the amount of the Company’s withholding obligation was greater than the amount withheld by the Company, you agree to indemnify and hold the
Company harmless from any failure by the Company to withhold the proper amount. 
 UNSECURED
OBLIGATION.  Your Award is unfunded, and as a holder of a vested Award, you shall be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares pursuant to this
Agreement. You shall not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued pursuant to this Agreement until such shares are issued to you pursuant to Section 6 of this Agreement. Upon such
issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary
relationship between you and the Company or any other person. 
 OTHER
DOCUMENTS.  You hereby acknowledge receipt or the right to receive a document providing the information required by Rule 428(b)(1) promulgated under the Securities Act, which includes the Plan prospectus. In addition,
you acknowledge receipt of the Company’s policy permitting certain individuals to sell shares only during certain “window” periods and the Company’s insider trading policy, in effect from time to time. 

NOTICES.  Any notices provided for in your Award or the Plan shall be given in writing
and shall be deemed effectively given upon receipt or, in the case of notices delivered by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the
Company. Notwithstanding the foregoing, the Company may, in its sole discretion, decide to deliver any documents related to participation in the Plan and this Award by electronic means or to request your consent to participate in the Plan by
electronic means. You hereby consent to receive such documents by electronic delivery and, if requested, to agree to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party
designated by the Company. 
 MISCELLANEOUS. 

The rights and obligations of the Company under your Award shall be transferable to any one (1) or more persons or
entities, and all covenants and agreements hereunder shall inure to the benefit of, and be enforceable by the Company’s successors and assigns. Your rights and obligations under your Award may only be assigned with the prior written consent of
the Company. 
 You agree upon request to execute any further documents or instruments necessary or desirable
in the sole determination of the Company to carry out the purposes or intent of your Award. 
 You acknowledge
and agree that you have reviewed your Award in its entirety, have had an opportunity to obtain the advice of counsel prior to executing and accepting your Award, and fully understand all provisions of your Award. 

  
 5. 

 This Agreement shall be subject to all applicable laws, rules, and
regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. 
 All obligations of the Company under the Plan and this Agreement shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase,
merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company. 

GOVERNING PLAN DOCUMENT.  Your Award is subject to all the
provisions of the Plan, the provisions of which are hereby made a part of your Award, and is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan.
Except as expressly provided herein, in the event of any conflict between the provisions of your Award and those of the Plan, the provisions of the Plan shall control. 

SEVERABILITY.  If all or any part of this Agreement or the Plan is declared by any court
or governmental authority to be unlawful or invalid, such unlawfulness or invalidity shall not invalidate any portion of this Agreement or the Plan not declared to be unlawful or invalid. Any Section of this Agreement (or part of such a Section) so
declared to be unlawful or invalid shall, if possible, be construed in a manner which will give effect to the terms of such Section or part of a Section to the fullest extent possible while remaining lawful and valid. 

EFFECT ON OTHER EMPLOYEE BENEFIT
PLANS.  The value of the Award subject to this Agreement shall not be included as compensation, earnings, salaries, or other similar terms used when calculating the Employee’s benefits under any employee benefit
plan sponsored by the Company or any Affiliate, except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Affiliate’s employee benefit plans.

 CHOICE OF LAW.  The interpretation, performance
and enforcement of this Agreement will be governed by the law of the state of Delaware without regard to such state’s conflicts of laws rules. 
 AMENDMENT.  This Agreement may not be modified, amended or terminated except by an instrument in writing, signed by you and by a duly authorized representative of the
Company. Notwithstanding the foregoing, this Agreement may be amended solely by the Board by a writing which specifically states that it is amending this Agreement, so long as a copy of such amendment is delivered to you, and provided that, except
as otherwise expressly provided in the Plan, no such amendment adversely affecting your rights hereunder may be made without your written consent. Without limiting the foregoing, the Board reserves the right to change, by written notice to you, the
provisions of this Agreement in any way it may deem necessary or advisable to carry out the purpose of the grant as a result of any change in applicable laws or regulations or any future law, regulation, ruling, or judicial decision, provided that
any such change shall be applicable only to rights relating to that portion of the Award which is then subject to restrictions as provided herein. 

  
 6. 

 COMPLIANCE WITH
SECTION 409A OF THE CODE.  This Award is intended to comply with the “short-term deferral” rule set forth in
Treasury Regulation Section 1.409A-1(b)(4). Notwithstanding the foregoing, if it is determined that the Award fails to satisfy the requirements of the short-term deferral rule and is otherwise deferred compensation subject to Section 409A,
and if you are a “Specified Employee” (within the meaning set forth Section 409A(a)(2)(B)(i) of the Code) as of the date of your separation from service (within the meaning of Treasury Regulation Section 1.409A-1(h)), then the
issuance of any shares that would otherwise be made upon the date of the separation from service or within the first six (6) months thereafter will not be made on the originally scheduled date(s) and will instead be issued in a lump sum on the
date that is six (6) months and one day after the date of the separation from service, with the balance of the shares issued thereafter in accordance with the original vesting and issuance schedule set forth above, but if and only if such delay
in the issuance of the shares is necessary to avoid the imposition of taxation on you in respect of the shares under Section 409A of the Code. Each installment of shares that vests is intended to constitute a “separate payment” for
purposes of Treasury Regulation Section 1.409A-2(b)(2). 
 NO OBLIGATION
TO MINIMIZE TAXES.  The Company has no duty or obligation to minimize the tax consequences to you of this Award and shall not be liable to you for any adverse tax consequences to you arising
in connection with this Award. You are hereby advised to consult with your own personal tax, financial and/or legal advisors regarding the tax consequences of this Award and by signing the Grant Notice, you have agreed that you have done so or
knowingly and voluntarily declined to do so. 

  
 7. 

 ATTACHMENT II 

NEOPHOTONICS CORPORATION 

2010 EQUITY INCENTIVE PLAN 

  
 8.Accounts Receivable Pledge Contract

 Exhibit 10.28 
 Ref No.: ZZ7909201000000004 

 

 

 Accounts Receivable Pledge Contract 

  

- 1 - 

 Accounts Receivable Pledge Contract 

 

			
	Pledgor:	  	NeoPhotonics (China) Company Limited
		
	Pledgee:	  	Shenzhen Branch, Shanghai Pudong Development Bank Co., Ltd.

 Whereas:

 In order to secure the full and timely performance of all the obligations under the Master Contracts by the debtor (please see Article
X hereunder for details) and safeguard the realization of creditor’s rights, the Pledgor voluntarily creates a pledge over the accounts receivable as mentioned herein and provides a guarantee with respect to all the debts owed by the debtor
under the Master Contracts. 
 The Pledgee, upon verification, agrees to accept the provision of pledge guarantee by the Pledgor. In order
to ascertain the rights and obligations of both parties, pursuant to the Property Rights Law of the People’s Republic of China, the Measures for the Registration of the Pledge of Accounts Receivable, and their operating rules,
this Contract is entered into by both parties, who shall abide by it strictly. 
 Article I: Pledge of Property 

The pledged property is the accounts receivable lawfully owned by the Pledgor (for a detailed description, please see Section 3, Article X, of
this Contract). 
 The accounts receivable as mentioned herein refer to the right of the Pledgor to demand the obligor to make payments in
return for offering certain goods, services or facilities, including existing and potential monetary claims and the proceeds thereof, but not including the right to claim payments from bills or other negotiable securities. 

The accounts receivable as mentioned herein include the following rights: 

	 	1.	claims from sale, including the sale of goods, the supply of water, power, gas, or heat and the licensed use of intellectual property; 

	 	2.	claims from leasing, including the leasing of movable and immovable property; 

	 	3.	claims from rendering services; 

	 	4.	the right to charge fees for immovable property such as highways, bridges, tunnels and ferries etc.; and 

	 	5.	claims from the granting of loans or other credit. 

  

- 2 - 

 Article II: Principal Debts and Pledge 

 

	1.	The secured principal debts 

(i)    Details of the secured principal debts hereunder are stipulated in Article X of this Contract. 

(ii)   References to “due” and “maturity” in the Contract include situations in which early maturity dates are
announced by the creditor. 
  

	2.	Scope of guarantee 

 Apart from the principal debts
as mentioned herein, the scope of guarantee under this Contract also includes the interest arising therefrom (the interest referred to herein includes interest, penalty interest and compound interest), default penalty, damage compensation cost,
service charges, insurance premiums and other costs incurred as a result of execution or performance of the Contract, as well as the costs in connection with the Pledgee’s realization of security rights and debts (including but not limited to
disposition fees, taxes, litigation costs, auction fees, execution costs, legal costs and travel expenses), together with, after the Master Contracts take effect, the amount of performance bond called upon by the creditor but not deposited.

  

	3.	Preferential rights to be paid off 

 The Pledgor
shall ensure that the Pledgee takes the priority in having its claim satisfied with the relevant proceeds of the pledged property. 
 The
Pledgee may elect not to exercise other security rights (if any) against the debtor at first. Instead, it may directly exercise the pledge right under this Contract. The Pledgor agrees that, under any circumstances, the failure to exercise or
exercise promptly any rights with the debtor under other loan documents, including but not limited to creditor’s rights, security interest, and default remedies, shall not be deemed as the Pledgee’s failure to exercise or giving up the
right to exercise the said rights. Nor shall it affect the full exercise of its rights under this Contract. 
  

	4.	Modification of Master Contracts 

 The rights and
interests of the Pledgee under the Contract shall not be affected in any way by any indulgence or extension of repayment date granted to the debtor by the Pledgee, or amendment, modification or substitution of any provisions of Master Contracts by
the Pledgee and debtor. In the event of the above circumstances, the prior approval of the Pledgor is deemed to have been given and the security 

  

- 3 - 

 
responsibilities of the Pledgor shall not be diminished as a result of this. 

Where the creditor provides the debtor with the issuance of a letter of credit, letter of guarantee or standby letter of credit under the Master
Contracts, any amendment made by the creditor or debtor to the letter of credit, letter of guarantee or standby letter of credit under the Master Contracts does not require the consent of the Pledgor or giving notice to the Pledgor. The prior
consent of the Pledgor is deemed to have been sought and the security responsibilities of the Pledgor shall not be diminished as a result of this. 
 Article III: Registration of Pledge 
 After the Pledgor and Pledgee have signed the Contract,
the Accounts Receivable Pledge Registration Agreement shall be signed in accordance with the stipulations of Measures for the Registration of the Pledge of Accounts Receivable of the People’s Bank of China. Upon the signing of this
Contract, the Pledgee shall arrange for the registration of the pledge of accounts receivables with the registration and public notice system established by the People’s Bank of China Credit Reference Centre. The Pledgor shall give a true,
complete and accurate account of all the requisite information required for registration of the pledged accounts receivable. At the same time, the Pledgor undertakes that, where the Pledgor is an entity, written notice shall be given to the Pledgee
of all of the officially registered names of the entity within the 4 months preceding the registration of pledge/assignment, in a truthful, complete, accurate and timely manner. Where the Pledgor is an individual, the Pledgee shall be informed of
all valid identity document numbers (whether now or in the past) in a truthful, complete, accurate and timely manner, failing which the Pledgor is deemed to have committed a breach of contract and shall be held liable. 

Following the repayment of debts in full under the Master Contracts and complete discharge of the obligations of the Pledgor under the Contract,
the Pledgee shall, upon the written request of the Pledgor, arrange for the registration of cancellation of the relevant pledge with the accounts receivable pledge registration and public notice system of the People’s Bank of China Credit
Reference Centre in accordance with the relevant stipulations of the Measures for the Registration of the Pledge of Accounts Receivable and its operating rules. 

  

- 4 - 

 Article IV: Regulation of Accounts Receivable 

1.        The Pledgor has already opened a special settlement account (as a regulated account) with the
Pledgee. Bank:                             , Name of Account:
                        , Account No.:
                        . The Pledgee undertakes that, during the term of the pledge, the accounts receivable pledged
under this Contract shall be returned and credited directly to the regulated account, which shall be subject to the close-ended supervision of the Pledgee. 
 2.        The Pledgor authorizes the Pledgee to take the initiative to withhold and deduct the corresponding sum from the regulated account if the debtor and/or Pledgor are
found to have breached the Contract. 
 Article V: Realization of Pledge Rights 

1.    In the event of any one of the following circumstances, the Pledgee is entitled to realize the pledge rights as
stipulated herein or apply them to replenishing the performance bond: 

	 	(i)	Where the debtor commits an act constituting a breach under the Master Contracts; 

	 	(ii)	Where the creditor may realize the debt under the Master Contracts at an earlier date; 

	 	(iii)	Where the Pledgor commits an act constituting a breach under the Master Contracts; 

 2.        If any circumstances occur as stipulated herein, the Pledgee has the right to withhold a corresponding amount from the regulated account for the purpose of repaying
the debt in advance or, in the case that the debt had fallen due, transfer funds from the regulated account to repay the debt. Any surplus amount, if any, would be attributable to Pledgor after the settlement of debt. If the funds in the regulated
account are insufficient to repay the outstanding amount, the Pledgee is entitled to demand that the Pledgor to repay the shortfall immediately. 
 3.        The Pledgor shall actively seek to recover the receivables. In that case that the receivables are not settled as originally scheduled, the Pledgor shall notify the
Pledgee promptly. If the Pledgor fails to exercise its rights over the accounts receivable, the Pledgee has the right to exercise subrogation rights according to law. 

  

- 5 - 

 4.        When the Pledgee realizes the pledge rights, it is
entitled to do so in the following manner: if the currency of principal debts is consistent with the currency of accounts receivable, the accounts receivable should be used in repaying the debt directly or in preparation for making external
payments. If the currency of the principal debts differs from that of the accounts receivable, the accounts receivable shall be converted into the currency of the principal debts at an exchange rate determined by the creditor and applied to paying
off the principal debts or in preparation for making external payments. All costs arising from this shall be borne by the Pledgor. 

Article VI: Statements and Warranties 
 The Pledgor makes the following statements and warranties to the Pledgee: 

1.        The Pledgor is an independent legal entity or an individual with the capacity for civil conduct
who possesses all of the necessary rights and abilities and is able to perform the obligations under this Contract in its own name and independently assume civil liability. 
 2.        The Pledgor is entitled to sign this Contract and has completed all authorizations and approvals necessary for the signing of the Contract and performing the
obligations hereunder. The provisions contained herein reflect the true will of the Pledgor and have binding effect on the Pledgor. 

3.        The Pledgor warrants that it shall abide by the law. The signing and performance of the Contract
will not be in violation of the law (the law referred to herein includes laws, rules, regulations, local laws, and judicial interpretation), Articles of Association, relevant documents of competent authorities, judgments, rulings which should be
observed by the Pledgor and are not in conflict with any contract, agreements signed by the Pledgor, or any other obligations undertaken by the Pledgor. 
 4.        The Pledgor warrants that all financial statements compiled by it, if any, are in compliance with the laws of China (excluding the Hong Kong and Macau Special
Administrative Regions and Taiwan). The financial statements give a true, complete and fair view of the financial status of the Pledgor. Furthermore, all information and documents supplied to the Pledgee by the Pledgor in the course of signing and
performance of the Contract are true, valid, accurate and complete without any concealment of facts. 

5.        The Pledgor warrants that it shall complete all filings or registrations necessary for the valid
and lawful performance of the Contract, and pay all taxes and costs thereof. 

  

- 6 - 

 6.        There has been no material and adverse change to the
business and financial status of the Pledgor since the date of the latest audited financial statement. 

7.        The Pledgor warrants that it is entitled to the full and lawful rights of ownership of the pledged
accounts receivable. Currently, any form of guarantee and other priority rights (other than the rights created for the purpose of this Contract) have not been retained and no assignment (including but not limited to factoring business) has been
carried out with respect to the accounts receivable. Nor does there exist or possibly exist any form of dispute over the title, restriction of rights or defects, and there does not exist any third party claiming any rights over the pledged property.

 8.        The Pledgor has already disclosed to the Pledgee important facts and circumstances,
which have come to his knowledge or should have come to his knowledge and is important for the Pledgee in deciding whether to grant the financing under the Master Contracts. 
 9.        The Pledgor acknowledges that, on the date of signing of the Contract and during the performance of the Contract, there do not and will not exist cases of default
on payments, including but not limited to salaries of staff, medical expenses, disability subsidies, relief payments and compensation. 

10.        The Pledgor warrants that there do not exist situations or events which will or may have a
material and adverse impact on the ability of the Pledgor in performing the Contract. 

11.        The Pledgor warrants that there do not exist any circumstances of restriction of assignment or
pledge in the basic contracts of the pledged accounts receivable, nor any stipulation for offsetting the accounts receivable against other debts of the Pledgor. Without the written approval of the Pledgee, any form of modification or early
termination of the basic contract is not allowed. 
 12.        The Pledgor warrants that the
Pledgor possesses full and lawful rights of ownership to the movable or immovable property underlying the pledged accounts receivable. The movable or immovable property does not retain any form of guarantee or other priority rights (other than those
created for the purpose of the Contract). Nor does there exist or possibly exist any form of ownership dispute, restriction of rights or defects, and there does not exist any third party claiming any rights over the pledged property. 

13.        If the Pledgor raises and registers a disagreement over the above accounts receivable, the
Pledgee shall be promptly notified of the relevant information. 

  

- 7 - 

 Article VII: Agreed Matters 

 

	1.	Obligations of the Pledgor 

(i)    During the period when the pledge hereunder validly exists, except for the stipulations herein, the Pledgor undertakes
not to, without obtaining the written approval of the Pledgee, create in any way any further pledge or other security interests over the pledged accounts receivable and the underlying movable or immovable property for the benefit of any third party
other than the Pledgee. 
 (ii)    The Pledgor undertakes not to take the following actions without obtaining the
consent of the Pledgee in writing: 

� Otherwise
 dispose of the pledged accounts receivable, such as offsetting accounts receivable debts, re-negotiating receivables for reasons of business discounts and disputes, or assignment of receivables. 

‚ Selling,
 gifting over, leasing, lending, transferring, mortgaging, pledging or otherwise disposing of all or part of its substantial assets. 
 ƒ Material changes to the business structure or form of organization of property rights, including
but not limited to contracting, leasing, joint operation, company restructuring, shareholding reform, equity transfer, merger (or merger by way of absorption), joint venture (or cooperative venture), splitting up, setting up of subsidiaries,
transfer of property rights and reduction of capital. 
 „ Amendment to the Articles of Association or alteration of scope of business or core business. 

... Providing
 guarantees to a third party and, as a consequence thereof, having a material and adverse impact on its financial condition or ability to fulfil the obligations under the Contract. 

† Application
 for restructuring, bankruptcy or dissolution of the company. 
 ‡ Signing of contracts/agreements which have a material and adverse impact on the ability of the Pledgor to fulfil the obligations hereunder or assuming
relevant obligations with such implications. 

ˆ The
 Pledgor shall promptly advise the payers of accounts receivable that those accounts receivable had been pledged, and ensure that the full amount will be appropriated to the regulated account as mentioned in Article IV of this Contract or to the
account designated by the Pledgee as scheduled. 
 (iii)    The Pledgor undertakes that, during the existence of the
pledge, if the following circumstances occur, the Pledgor shall notify the Pledgee on the day such an event occurs and the original copy of the relevant notice (affixed with company 

  

- 8 - 

 
seal for non-natural persons, and signature required for natural persons) shall be dispatched and reach the Pledgee within five (5) banking days after the event takes place: 

� Where
 there is any change to the statutory registered name or identity card number of the Pledgor. 
 ‚ The occurrence of relevant events which render the representations and warranties made by the
Pledgor under the Contract untrue and inaccurate. 

ƒ Where
 the Pledgor or its controlling shareholders, de facto controller or its related persons are involved in litigation or arbitration, or its assets are subject to seizure, attachment, freezing, enforcement or other measures of the same effect
are taken against it, or its directors, supervisors, or senior management are involved in litigation, arbitration or subject to other enforcement measures. 
 „ Where there are changes of legal representative (if any),
responsible person, authorized representative, key person in charge of financial affairs, or correspondence address and work premises of the Pledgor, or the Pledgor (natural person) changes his residential address, place of usual abode, changes job,
leaves the city where he lives on a long term basis, changes his name or there is an adverse change to his salary level. 
 ... Where a petition for restructuring or bankruptcy is filed by other creditors or in case of
revocation by higher-level competent authorities. 

† Where
 there is dispute over the ownership of the pledged accounts receivable, or the pledge is or may be subject to an adverse impact by any third party. 
 (iv) The Pledgor undertakes that in the course of signing and performance of the Contract, it shall, upon the demand of the Pledgee, furnish the required financial information at any time. 

(v) The Pledgor acknowledges that, before the debtor settles all debts due to the Pledgee under the Master Contracts, the Pledgor is prohibited from
exercising its right of recourse and relevant rights entitled to it as a result of the performance of the Contract against the debtor. 

(vi) On request by the Pledgee, the Pledgor shall arrange to handle the formalities of a notarial certificate, which is enforceable, with a notary
public office designated by the Pledgee. The Pledgor voluntarily accepts that enforcement action. 
 (vii) The Pledgor shall provide
information necessary for the registration of the pledge in a prompt, complete, valid and truthful manner and actively cooperate with the Pledgee in handling the formalities so as to ensure the realization of pledge rights on the part of the
Pledgee. 
 (viii)  All costs associated with the evaluation, registration, notarization, safekeeping, warehousing, appraisal,
and insurance of the pledged accounts 

  

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receivable hereunder and the underlying movable/immovable property, maintenance of value of the pledged accounts receivable and safeguarding of the interests of Pledgee under the Contract, shall
be wholly borne by the Pledgor. 
 (ix) With respect to any third party’s claiming rights over the pledged accounts receivable and the
underlying movable/immovable property, or any enforcement actions which are or may be adopted by judicial or administrative authorities on the pledged accounts receivable and the underlying movable/immovable property, in order to ensure that the
security interests of the Pledgee hereunder will not be prejudiced in any way, the Pledgor shall defend against those claiming of rights or enforcement actions. All costs arising therefrom shall be borne by the Pledgor. 

(x) Where, for reasons other than the fault of the Pledgee, the value of the pledged accounts receivable and the underlying movable/immovable
property falls to 90% or below of the original appraised value of the pledged property, the Pledgor shall, on request by the Pledgee, replenish the performance bond or provide additional guarantees accordingly within five (5) banking days from
the date of dispatching of the Notice of Replenishing Pledged Property by the Pledgee. 
 (xi) Where the Pledgor is not the debtor under
the Master Contracts, the Pledgor hereby undertakes that, in the event of any one of the following circumstances, it shall unconditionally assume joint guarantee liability with the debtor with respect to the outstanding claims: 

� The
 secured claims are not settled in full after the Pledgee exercises its pledge rights according to the Contract. 
 ‚ Reasons on the part of the Pledgor that render the Contract not yet effective, void or revoked.

  

	2.	Stipulations on transfers of funds 

(i)    If the Pledgor has outstanding debts which are past due, the Pledgee has the right to transfer the funds directly from
any of the accounts opened by the Pledgor with Shanghai Pudong Development Bank in paying off the outstanding debts that are past due. 

(ii)    Unless otherwise stipulated by the competent state authorities, the proceeds received therefrom shall be applied in the
following order of priority: first, repayment of outstanding amounts due on the part of the Pledgor and debtor, then settling the outstanding interest, and finally, repayment of the outstanding principal. 

(iii)  In the case that the currency of the proceeds generated from such funds transfers differs from that of the debts to be repaid, the
Pledgee is entitled to settle/purchase foreign currency at a self-determined rate and repay the outstanding 

  

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amount. The currency exchange risks shall be borne by the Pledgor. 
  

	3.	Proof of Claims 

 The accounting documents compiled
and recorded by the Pledgee according to its business practices constitute valid proof of the secured principal claims of the Pledgor. 
  

	4.	Serving of Notice 

 (i)    Any
notice given by either party to the other party shall be sent to the addresses shown on the signing page herein, unless it is notified in writing by the other party of a change in address. Once the notice is sent to the above address, it is deemed
to have been served on the following dates: for letters, the seventh (7) banking day after the dispatch of registered mail to the principal business address (for natural persons, the residential address); for delivery by courier, the day when
the recipient had signed to acknowledge receipt; for facsimile or emails, the day when the facsimile or emails are sent. However, all notices, requests or other correspondence sent or delivered to the Pledgee are deemed to have been served at the
time when the Pledgee actually receives them. In addition, the originals (affixed with the company seal for non-natural persons, signature required for natural persons) of all notices and requests sent to the Pledgee via facsimile or email shall be
delivered by hand or mailed to the Pledgee afterwards for confirmation purposes. 
 (ii)    The Pledgor agrees that any
summons or notices issued as a result of litigation instituted against it shall be deemed to have been served if they are dispatched to the principal business or residential address as shown on the signing page of this Contract. Any change to the
above address will not take effect unless a written notice of the same has been given to the Pledgee in advance. 
  

	5.	Validity, Modification and Rescission 

(i)    This Contract is established and shall take effect after both the Pledgor and Pledgee have affixed their seals and have
their legal representatives/responsible persons or authorized persons sign or seal it (if the Pledgor is a natural person, signature only). The pledge rights are established after the registration of the pledge is completed with the accounts
receivable pledge registration system of the People’s Bank of China and is valid until the secured principal claims hereunder are fully discharged. 

  

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 (ii) If the Pledgee needs to rollover the loan or modify the registration, the Pledgor shall reach an
agreement with the Pledgee with respect to matters regarding loan rollover, modification and registration. 
 (iii) If any part of the
provisions of the Contract is declared invalid or rescinded, the validity of the remaining provisions shall not be affected. 
 (iv) After
the Contract comes into force, neither party to the Contract is permitted to modify or rescind the Contract in advance. Where modification or rescission is required for the Contract, both parties shall reach unanimity through consultations and enter
into a written agreement. 
 Article VIII: Events of Default and Handling 

 

	1.	Events of default 

 The occurrence of any of the
following circumstances shall constitute a default on the part of the Pledgor: 
 (i)    Any statement, description, or
warranty made by the Pledgor in this Contract, or any notice, authorization, approval, consent, certification and other documents arising from or in connection with this Contract are inaccurate or misleading at the time of being made, or are proved
to be inaccurate or misleading, or are proved to be void or rescinded or have no legal effect. 
 (ii)    Any breach of
the statements, warranties or agreed matters in Article VI or Article VII of the Contract on the part of the Pledgor. 

(iii)    The Pledgor fails to meet the requirements of the Pledgee in the provision of complete formalities and authentic
information of the pledged accounts receivable and underlying movable/immovable property, or hides the fact that there exist circumstances under which the pledged accounts receivable and underlying movable/immovable property are subject to joint
ownership, dispute, attachment, seizure, or supervision, or that a pledge already exists. 
 (iv)    The
suspension of business, stoppage of production, closure of business, suspension of business for internal rectification, liquidation, being placed in receivership or conservatorship, restructuring, dissolution, revocation or cancellation of business
licence, or bankruptcy of the Pledgor. 
 (v)    The financial condition of the Pledgor deteriorates, encountering
great difficulties in operation, or an event or situation occurs which has an adverse impact on its normal operations, financial condition or solvency. 
 (vi)    The Pledgor, its controlling shareholders, de facto shareholders or related parties are involved in material litigation or arbitration or any of its significant assets is

  

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subject to seizure, attachment, freezing, enforcement or other measures carrying the same effect are adopted against it; or its legal representative, directors, supervisors or senior management
are involved in any litigation, arbitration or subject to other enforcement actions which have an adverse impact on the solvency of the Pledgor. 
 (vii) The pledged accounts receivable and underlying movable/immovable property are subject to enforcement action by the judiciary authorities of the state or other competent organizations or other third parties
asserting rights over them. 
 (viii) Where the Pledgor is a natural person, he or she dies or is declared to be dead. 

(ix)    Where the Pledgor is a natural person, a transfer of assets or attempt to transfer assets under the false pretense of
marriage. 
 (x)    Other acts in breach of this Contract by the Pledgor or in prejudice to the interests of the
Pledgee, which are sufficient to impede the normal discharge of the Contract. 
  

	2.	Treatment of default 

 If any of the above events of
default happens, the Pledgee is entitled to declare that the principal claims are due on an earlier date or request the debtor to replenish the performance bond, and may, as stipulated in Article V, transfer funds from the regulated account and
apply them in discharging all claims which are secured by the pledged accounts receivable, or apply them in replenishing the performance bond. At the same time, the Pledgee may request the Pledgor to make a default payment (calculated according to
Article X of this Contract). Where the default payment is insufficient to cover the losses suffered by the Pledgee, the Pledgor shall indemnify the Pledgee against all resulting losses. 

At the same time, the Pledgor shall seek recovery of the receivables actively. Should the Pledgor fail to exercise its rights over the accounts
receivable, the Pledgee is entitled to exercise subrogation rights according to law. 
 Article IX: Other Provisions 

 

	1.	Applicable laws 

 The Laws of the People’s
Republic of China (excluding the Hong Kong and Macau Special Administrative Regions and Taiwan) are applicable to this Contract. 
  

	2.	Dispute Resolution 

  

- 13 - 

 All disputes arising from this Contract shall be resolved through friendly consultations. In the case
that an agreement cannot be reached, the People’s Court where the Pledgee is located has exclusive jurisdiction over the matter. During the period of dispute, the parties shall continue to perform the undisputed provisions. 

 

	3.	Miscellaneous 

 (i) The parties hereto may revise
through negotiation matters not mentioned herein and set out those additional terms and conditions in Article X of this Contract. Alternatively, the parties hereto may enter into a written agreement as an Appendix to the Contract. The Appendix to
this Contract (detailed in Article X of this Contract) is an inseparable constituent part of the Contract and has the same legal effect as the main text. 
 (ii) Unless otherwise stated herein, the relevant terms and expressions in this Contract have the same meetings as those in the Master Contracts. 

(iii) The insertion of headings herein is for reference only and should not be regarded as the basis of interpretation of the content under that
heading. 

  

- 14 - 

 Article X: Essential Terms of Contract 
 (N.B.: Please “ü” in the boxes as appropriate)

 1.    Master Contracts secured by this Contract 【corresponding to the terms and conditions under
“Whereas”】 
 x Master Contracts are
《                                》
【No.                                】 signed between the creditor
(namely the Pledgee under this Contract, same below) and
                                , the debtor, on
        (dd)         (mm)         (yy). 

þ This
 is a Maximum Pledge Contract. The Master Contracts are a series of credit contracts entered into by the creditor and NeoPhotonics (China) Co., Ltd., the debtor, from   6  (dd)
    April  (mm)     2010(yy) to   6  (dd)     April    (mm)
    2011    (yy) (fill in the period during which the claims have arisen). 

2.    The secured principal debts 【corresponding to Item (i), Section 1, Article II of this Contract】

 The principal debt secured under this Contract is, according to the Main Contracts, the principal amount of debt (including loan
principal, discount amount, and advances) arising from the provisions of financing or off-balance sheet business by the creditor to the debtor. The balance of principal debt secured is up to a maximum of converted RMB (currency) One
Hundred and Twenty Five Million Yuan Only (in words). 
 Balance of principal debts = accumulated amount of principal debts
already incurred - accumulated amount of principal debts already repaid. 
 3.    Description of pledged property

 (i) x All accounts receivable (including the receivables that have been or will be incurred) of the Pledgor which are incurred from the
                                 (enter specific description of the sale of
certain kind of products or lease of certain property or provision of certain services) during         (dd)
            (mm)             (yy) to
        (dd)             (mm)             (yy).
(applicable to the pledge of all accounts receivables of the Pledgor). 
 (ii) þ All the accounts receivable incurred (including the receivables that have been or will be incurred) by the Pledgor, which are incurred from the
sale of goods (enter specific description of the sale of certain kind of products or lease of certain 

  

- 15 - 

 
property or provision of certain services) during the period from   6    (dd)     April    (mm)
    2010    (yy) to   6    (dd)   October    (mm)   2012    (yy) with respect to the
following payers (fill in the full names of the payers of accounts receivable): Shenzhen Huawei Technologies Co., Ltd and related subsidiaries; ZTE Corporation and related subsidiaries;
                        ;
                        ; (applicable to the pledge of all accounts receivable from one or several customers of the
Pledgor). 
 (iii) x All the accounts receivable incurred (including the receivables that have been or will be incurred) by the Pledgor during         (dd)
          (mm)           (yy) to         (dd)
          (mm)           (yy) with respect to the right to receive payment from the following immovable properties or
other rights to charge fees:  ̈ toll fees for stretch
no.                 to stretch no.             of
             Highway,  ̈ toll
fees for                  bridge,  ̈ toll fees for                      subway,  ̈ fees for                  berth to
                 berth,  ̈                                 
accommodation expenses of student apartments;  ̈ income from chargeable items of
                                 school (state the chargeable items),  ̈
                                 right to charge electricity fees,  ̈
                                         
    right to charge fees on sewage treatment,  ̈
                                         
        export tax rebate. (Fill in the names and numbers of immovable properties in “        ”, applicable to the pledge of a particular kind of rights
to charge fees). 
 (iv) x The following accounts receivable of the Pledgor (applicable to the pledge of one or more confirmed accounts receivable vouchers generated under contract): 

a. The accounts receivable generated from
《                                》 (name of contract or purchase
order, same below) 【 No.                        】 signed between the Pledgor and
                                , the currency of the accounts receivable is
                        , the amount is
                        , maturity date is on
                        , invoice no.:
                         (if any, may be more than one) 

b. The accounts receivable generated from
《                                》
【No.                                】signed between the Pledgor and
                                , the currency

  

- 16 - 

 
of the accounts receivable is
                                , the amount is
                        , maturity date is on
                                , invoice no.:
                                 (if any, may be more than one) 

c. Where the pledge involves more than three accounts receivable, the details of the accounts receivable are set out in Appendix 2 “List of
Accounts Receivable”. 
 (v)
þ Other stipulations (for the purpose of ascertaining the accounts receivable to be pledged):

			
	  The Pledgor’s Other receivable on the financial statement from 6 April 2010 to 6
	October 2012
		
	 	 	

 4.    Treatment of Default 【corresponding to Section 2, Article VIII of this
Contract】 
 Default payment: equivalent to One (in words) percent of principal debts or
                        /                 
                   . 

5.    The registration fee of the pledge is RMB    /    , which is payable to the
Pledgee by the Pledgor before the handling of registration. 
 6.    The Appendices to the Contract include:
【corresponding to Section 1, Article III and Item (i), Section 3, Article IX of this Contract】 
 (i) Accounts
Receivable Pledge Registration Agreement. 
 (ii)   ̈ List of Pledges of Accounts Receivable. 
 (iii)  ̈ Letter of Undertaking Regarding Consent of Execution
for Jointly-owned Property (applicable where the Pledgor is a natural person). 
 (iv)  ̈
“                        /                
            ”. 
 (v)   ̈
“                                        
             ”. 
 7.    Other Matters Agreed
by Both Parties 【corresponding to Item (i), Section 3, Article IX of this Contract】 
  

 

  

- 17 - 

/                          
                                         
                                         
                                         
                                         
   
 8. This Contract is in quadruplicate, two copies kept by the Pledgor, two copies kept by the Pledgee,
/ copy kept by /, all having the same legal effect. 
 (No main text below on this page) 

  

- 18 - 

 (This is the signing page with no main text) 
 This Contract is signed by both parties (as below) on 6 April 2010. The Pledgor acknowledges that, at the time of signing this Contract, both parties have explained and discussed all the provisions in
detail. Both parties have no disagreement towards any of the provisions herein and have an accurate understanding of the legal implications of the provisions with respect to the rights and obligations, restrictions of responsibility or release
provisions of the subject persons. 
  

			
	 Pledgor (company seal)
 [sealed] NeoPhotonics
(China) Co., Ltd.
	 	 Pledgee (company seal)
 [sealed] Shenzhen
Branch, Shanghai Pudong Development, Bank Co., Ltd.

	Legal representative or authorized person (signature or seal)	 	Responsible person or authorized person (signature or seal)
		
	[signature stamp]	 	[signature stamp] [illegible]
	(applicable to above legal person)	 	
		
	 Pledgor (signature)
  
 Category and no. of valid identity document:
  
	 	
	(applicable to above natural person)	 	

					
			
	Residential address:	  	 NeoPhotonics Building
 No.8, 12th South Keji Road,
 South Hi-Tech Industry
 Park, Shenzhen
	 	 Principal place of business:
 Shenzhen
International Chamber
 of Commerce Tower, Fuhua No. 3

Road, Futian District, Shenzhen

	Postal code:	  	518057	 	Postal code: 518000
	Telephone No:	  		 	Telephone No:
	Fax No.:	  		 	Fax No.:
	Email:	  		 	Email:
	Contact person:	  		 	Contact person:

  

- 19 - 

 Appendix 1-1: 
 Accounts Receivable Pledge Registration Agreement 
  

			
		
	Pledgee:	  	 Shenzhen Branch, Shanghai Pudong Development Bank Co., Ltd.
 (hereinafter referred to as “Party A”)

	Pledgor:	  	NeoPhotonics (China) Co., Ltd. (hereinafter referred to as “Party B”)

 Whereas Party A and Party B have signed the Accounts Receivable Pledge Contract numbered ZZ7909201000000004, Party B agrees to pledge the accounts receivable, as agreed, under the above contract to Party A.
In order to protect the lawful interests of both parties, Party A and Party B shall arrange for the registration of the pledge in accordance with the stipulations of Measures for the Registration of the Pledge of Accounts Receivable and
Operating Rules for Registration of the Pledge of Accounts Receivable of the People’s Bank of China. To this end, both parties agree as follows: 
 A.    Party B agrees that Party A shall arrange for the registration of the pledge, extension of term and modification of registration, if any, with the accounts receivable pledge registration
and public notice system in accordance with the relevant stipulations of the People’s Bank of China, and provide a description of the debt obligation in the public notice system. 

B.    Party B undertakes to: 
 1.    Provide all information necessary for the registration in a timely, complete and accurate manner, and actively cooperate with the other party in the registration process. Where the pledgor
is an entity, Party A had been notified of all names used by Party B in the last 4 months preceding the date of the signing of this Agreement. Where the pledgor is an individual, Party A had been notified of all valid identity card numbers (whether
now or in the past). 
 2.    Party B possesses complete rights of disposition of the pledged property under the
pledge contract. Before Party A proceeds with the relevant registration of the pledge, there do not exist any prior rights to the pledged property which will affect the pledge rights of Party A. Nor shall any third party be entitled to assert any
rights over the pledged property. 

  

- 20 - 

 3.    During the period of existence of the pledge, the pledgor shall notify Party
A promptly of any change in the registered information. 
 C.    This agreement is governed by the laws of China
(excluding the Hong Kong and Macau Special Administrative Regions and Taiwan) and is construed accordingly. 

D.    This agreement shall come into force after the legal representatives, responsible persons or authorized persons have
signed their names and have affixed their company seals to the agreement. 
 E.    This agreement is in
quadruplicate, two copies each kept by Party A and Party B, all of which shall have the same legal effect. 
 This agreement
is signed by both parties in Shenzhen on 6 April 2010. 
 Pledgee:
                                 (company seal) 

[sealed] Shenzhen Branch, Shanghai Pudong 
 Development Bank Co.,
Ltd. 
 Responsible persons and authorized persons (signature and seal): [signature stamp] 
 [illegible] 
 Pledgor:
                                 (company seal) 

[sealed] NeoPhotonics (China) Co., Ltd.. 
 Legal representative or
authorized person:
                                        
(signature and 
 seal) [signature stamp] 
 Pledgor (for
natural persons):
                                        
(signature and seal) 

  

- 21 - 

 Appendix 1-2: 
 List of Accounts Receivable 
 【corresponding to Item (iv), Section 3, Article X of

 the Accounts Receivable Pledge Contract】 
  

													
	Payer of
Accounts
Receivable	 	
Contract
 No.
	 	 Name
of
 Contract or

Purchase
 Order
	 	Currency	 	Amount	 	
Maturity
 Date
	 	Invoice No.
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 

  

- 22 - 

 Appendix 1-3: 
 Letter of Undertaking Regarding 
 Consent of Execution for Jointly-owned Property

 (applicable where the Pledgor is a natural person) 
 Ref No.             
 To:
                Branch/Sub-branch, Shanghai Pudong Development Bank Co., Ltd. 
                         , Identity Card
No.                        , am presently the lawful spouse of
                        , the Pledgor. For the purpose of signing and performance of the Accounts Receivable Pledge
Contract (hereinafter referred to as “Pledge Contract”) numbered                         , I hereby make the
following undertaking: 
 I have sufficient knowledge of the aforementioned Pledge Contract which is signed by
                            . I consent to the signing and performance of the Pledge Contract by the
Pledgor. I consent that as stipulated in the Pledge Contract, while the Pledgor assumes security responsibility on the Pledge Contract, the Bank shall be entitled to dispose of all the jointly-owned properties involved in the Pledge Contract, and
have no objection whatsoever. 
 Yours faithfully, 
  

							
		 		 		 	Declarant:
		 		 		 	        (dd)         (mm)
        (yy)

 Attachments: 

1. Copy of Identity Card 
 2. Copy of marriage certificate 

  

- 23 - 

 Appendix 2: 
 Agreement on Registration of Transfer of Accounts Receivable 
 Assignee:
                                         
                        (hereinafter referred to as “Party A”) 

Assignor:                         
                                         
(hereinafter referred to as “Party B”) 
 Whereas: 
 Whereas Party A and Party B have entered into the Factoring Agreement numbered
                            , Party B agrees to transfer the accounts receivable, as stipulated, under
the above contract to Party A. In order to protect the lawful interests of both parties, Party A and Party B shall arrange for the registration of transfer of pledge in accordance with the stipulations of Measures for the Registration of the
Pledge of Accounts Receivable and Operating Rules for Registration of the Pledge of Accounts Receivable of the People’s Bank of China. To this end, both parties agree as follows: 

A.    Party B agrees that Party A shall arrange for the registration of transfer of pledge with the accounts receivable pledge registration and
public notice system pursuant to the People’s Bank of China’s stipulations on the registration of pledges of accounts receivable, and provide a description of the debt obligation in the public notice system. 

B.    Party B undertakes to: 
  

	 	1.	Provide all requisite information for the registration in a timely, complete and accurate manner and actively cooperate in registering the pledge. In the 4 months preceding the
date of signing of this Agreement, Party B had used the following names: 

					
	1	 	 
	
	 

	 	    	. 

  

	 	2.	The accounts receivable transferred to Party A by Party B are lawful, valid and enforceable against the relevant payers according to law or contract provisions. There do not
exist any restrictions on transfer. Before Party A 

  

  

- 24 - 

	 	 
arranges for the relevant registration of transfer, there do not exist any prior rights to the transferred property which affect the rights of Party A. Nor shall any third party be entitled to
assert any rights over the transferred property (including but not limited to creditor’s rights, security rights and offsetting rights). 

  

	 	3.	During the period of registration of transfer, the Assignor shall promptly notify Party A of any change in registration of information. 

C.    Description of transferred property in the Registration of Transfer: 

 

	 	1.	 ̈    
All accounts receivable incurred by the Assignor from         (dd)         (mm)
        (yy) to         (dd)         (mm)
        (yy) (including the receivables that have been or will be incurred) (applicable where all receivables of the Assignor are transferred). 

 

	 	2.	 ̈    
All accounts receivable incurred from         (dd)         (mm)         (yy) to
        (dd)         (mm)         (yy) (including the receivables that have been or
will be incurred) by the Assignor with respect to the following payers:                         ;
                        ;
                        ;
                        ; (fill in the full names of payers of accounts receivable) (applicable where all accounts
receivable of one or several customers of the Assignor are transferred). 

  

	 	3.	 ̈    
The accounts receivable of the Assignor (applicable to the transfer of one or more confirmed receivable vouchers generated under contract): 

	 	a.	The accounts receivable generated under
《                                》 (name of contract or purchase
order, same below) 【No.                            】 signed by the Assignor, the
currency of accounts receivable is                         , the amount is
                , maturity date is on
                    , invoice no.:
                                         
            (if any, can be more than one). 

	 	b.	 The accounts receivable generated under
《                                》
【No.                            】 signed by the Assignor, the currency of accounts

  

- 25 - 

	 	 
receivable is                         , the amount is
                    , maturity date is on
                        , 

	 	    	invoice no.:
                                         
    (if any, can be more than one). 

	 	c.	Where the transfer involves more than three accounts receivable, the details of the accounts receivable are set out in the Appendix “List of Accounts Receivable”.

  

	 	4.	 ̈    
Other stipulations (for the purpose of ascertaining the accounts receivable to be transferred): 

  

					
	
	 
	
	 
	
	 

  

D.    This Agreement is governed by the laws of China (excluding the Hong Kong and Macau Special Administrative Regions and Taiwan) and is
construed accordingly. 
 E.    This Agreement shall come into force on the date on which the legal representatives/responsible
persons or authorized persons have signed or sealed and have affixed their company seals to the agreement. 
 F.    This agreement is
in              copies,              copy each kept by Party A and Party B, and all shall have the same legal
effect. 
 This agreement is signed by both parties in
                             
 on         (dd)         (mm)         (yy).

 Assignee:
                                         
        (company seal) 
 Responsible person or authorized person:
                                 (signature and seal) 

Assignor:
                                         
        (company seal) 
 Legal representative or authorized person:
                                        
(signature and seal) 
 Assignor (for natural persons):
                                        
(signature and seal) 

  

- 26 - 

 Appendix : 
 List of Accounts Receivable 
 【corresponding to item 3(c), Section C of the Agreement on
Registration of Transfer 
 of Accounts Receivable】 
  

													
	Payer of
Accounts
Receivable	 	
Contract
 No.
	 	 Name
of
 Contract or

Purchase
 Order
	 	Currency	 	Amount	 	
Maturity
 Date
	 	Invoice No.
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 

  

- 27 -

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