Document:

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                                                                    Exhibit 10.3

                     TAX SHARING AND INDEMNIFICATION AGREEMENT

                                      PREAMBLE

          This Tax Sharing and Indemnification Agreement (this "Agreement"),
dated as of June __, 2000, is made and entered into by and between Methode
Electronics, Inc., a Delaware corporation ("Methode"), and Stratos Lightwave,
Inc., a Delaware corporation ("Stratos") (each, a "Party," and, collectively,
the "Parties").

                                       RECITALS

          WHEREAS, the Parties have entered into the Public Offering and
Distribution Agreement, dated as of June ___, 2000 (the "Distribution
Agreement"), pursuant to which Methode expects to distribute to its stockholders
all of the issued and outstanding common stock of Stratos owned by Methode (the
"Distribution");

          WHEREAS, the Distribution is intended to qualify as a tax-free
distribution  (except with respect to cash in lieu of fractional shares) under
sections 355 and 361 of the Code (as defined below);

          WHEREAS, in connection with the Distribution, the Parties and certain
of their Affiliates (as defined below) have engaged and will engage in certain
internal restructuring transactions (the "Internal Restructuring") (the
Distribution and the Internal Restructuring, collectively, the
"Reorganization");

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          WHEREAS, Methode expects to receive an advance letter ruling from the
Internal Revenue Service setting forth certain United States federal income tax
consequences of the Reorganization;

          WHEREAS, the Parties wish to (a) provide for the payment of tax
liabilities and entitlement to refunds thereof, (b) allocate responsibility for
and provide for their cooperation in the filing of tax returns, (c) provide for
certain other matters relating to taxes, and (d) set forth certain covenants and
indemnities relating to the preservation of the tax treatment of the
Reorganization ultimately set forth in the Letter Ruling (as defined below);

          NOW, THEREFORE, in consideration of their mutual promises, the Parties
hereby agree as follows:

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                                     ARTICLE I

                       DEFINITIONS, CONSTRUCTION AND CONSENTS

     Section 1.01.  CERTAIN DEFINITIONS.  As used in this Agreement, the
following terms shall have the following meanings:

          "Affiliate" means, with respect to a specified Person, any other
Person that (i) directly, or indirectly through one or more intermediaries,
controls or is controlled by or is under common control with such Person or (ii)
to the extent not already covered under clause (i), is a member of the same
consolidated, combined or unitary group as the specified Person for Tax
purposes.

          "Agreement" has the meaning set forth in the Preamble hereof.

          "Ancillary Agreements" has the meaning set forth in the Master
Separation Agreement.

          "Benefited Party" has the meaning set forth in Section 3.05 of this
Agreement.

          "Class A Common Stock" means Methode Class A Common Stock.

          "Class B Common Stock" means Methode Class B Common Stock.

          "Code" means the Internal Revenue Code of 1986, as amended, or any
successor thereto, as in effect for the taxable period in question.

          "Contribution" means the transfer of assets and liabilities from
Methode to Stratos pursuant to the Master Separation Agreement.

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          "Contribution Date" means the date on which the Master Separation
Agreement was executed.

          "Contribution Straddle Period" means a taxable period that begins on
or before and ends after the Contribution Date.

          "Detrimented Party" has the meaning set forth in Section 3.05 of this
Agreement.

          "Distribution" has the meaning set forth in the Recitals of this
Agreement.

          "Distribution Agreement" has the meaning set forth in the Recitals of
this Agreement.

          "Distribution Date" means the date as of which the Distribution will
be effected, as determined by the Board of Directors of Methode.

          "Distribution Straddle Period" means a taxable period that begins on
or before and ends after the Distribution Date.

          "Federal Consolidated Return" means any Tax Return with respect to
Federal Income Taxes filed on a consolidated basis wherein both one or more
members of the Stratos Group and one or more members of the Methode Group join
in the filing of such Tax Return (for any taxable period or portion thereof).

          "Federal Income Tax" means any tax imposed under Subtitle A of the
Code (including the taxes imposed by sections 11, 55, 59A, 1201(a) and 1502 of
the Code and the Treasury Regulations promulgated thereunder), and any other
income-based United States federal tax that is hereinafter imposed, plus any
interest, additions to tax or penalties applicable or related thereto.

          "Final Determination" means the final resolution of liability of a
Party or any of its relevant Affiliates for any Tax for a taxable period (i) by
Internal Revenue Service Form 870 or 870-AD (or any successor forms thereto), on
the date of acceptance by

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or on behalf of the IRS, or by a comparable form under the laws of other
jurisdictions, on the date of acceptance by or on behalf of the Taxing Authority
of such jurisdiction, except that a Form 870 or 870-AD or comparable form that
reserves (whether by its terms or by operation of law) the right of the taxpayer
to file a claim for refund and/or the right of the IRS or other Taxing Authority
to assert a further deficiency shall not constitute a Final Determination; (ii)
by a decision, judgment, decree, or other order by a court of competent
jurisdiction, which has become final and unappealable; (iii) by a closing
agreement or accepted offer in compromise under section 7121 or 7122 of the
Code, or comparable agreements under the laws of other jurisdictions; (iv) by
any allowance of a refund or credit in respect of an overpayment of Tax, but
only after the expiration of all periods during which such refund may be
recovered (including by way of offset) by the jurisdiction imposing the Tax; or
(v) by any other final disposition, including by reason of the expiration of the
applicable statute of limitations.

          "Indemnified Parties" has the meaning set forth in Section 5.02(a) of
this Agreement.

          "Indemnifying Parties" has the meaning set forth in Section 5.02(a) of
this Agreement.

          "Internal Restructuring" has the meaning set forth in the Recitals of
this Agreement.

          "IRS" means the Internal Revenue Service.

          "Letter Ruling" means the advance letter ruling expected to be issued
by the IRS to Methode setting forth certain Federal Income Tax consequences of
the Reorganization, and any supplemental or additional letter rulings that may
be issued by the IRS to any of the Parties or their Affiliates with respect to
the Reorganization or any part thereof in response to a ruling

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request by Methode or Stratos that received Stratos Sole Discretion Consent or
Methode Sole Discretion Consent, respectively.

          "Liability Issue" has the meaning set forth in Section 6.01(b) of this
Agreement.

          "Master Separation Agreement" means the Master Separation Agreement
entered into by and between Methode and Stratos, dated as of May 28, 2000.

          "Master Transitional Services Agreement" means the Master Transitional
Services Agreement entered into by and between Methode and Stratos, dated as of
May 28, 2000.

          "Methode" has the meaning set forth in the Preamble of this Agreement.

          "Methode Group" means, (i) with respect to any taxable period or
portion thereof ending on or prior to the Contribution Date, Methode and its
Affiliates and (ii) with respect to any taxable period or portion thereof
beginning after the Contribution Date, Methode and its Affiliates other than any
member of the Stratos Group.

          "Methode Reasonable Discretion Consent" means the advance, written
consent of Methode, which consent may be granted or withheld in Methode's
reasonable discretion.

          "Methode Returns" has the meaning set forth in Section 2.02(a) of this
Agreement.

          "Methode Sole Discretion Consent" means the advance, written consent
of Methode, which consent may be granted or withheld in Methode's sole and
absolute discretion.

          "Non-Federal Combined Tax" means any tax, other than a Federal Income
Tax, with respect to which a combined, consolidated or unitary return is filed
or required to be filed wherein both one or more members of the Stratos Group
and one or more members of the Method Group join in the filing of such Tax
Return (for any taxable period or portion thereof).

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          "Non-Federal Combined Tax Return" means any Tax Return relating to any
Non-Federal Combined Tax.

          "Non-Qualified Methode Options" means all options to acquire stock of
Methode.

          "Notifying Party" has the meaning set forth in Section 6.01(b) of this
Agreement.

          "Opinion of Counsel" means an opinion of independent tax counsel of
recognized national standing and experienced in the issues to be addressed,
which independent tax counsel is acceptable to both Stratos and Methode.

          "Original Ruling Request" means the ruling request submissions
(together with all exhibits and appendices thereto) that were submitted to the
IRS on behalf of Methode.

          "Party" and "Parties" has the meaning set forth in the Preamble of
this Agreement.

          "Paying Party" has the meaning set forth in Section 3.09 of this
Agreement.

          "Person" means any natural person, corporation, business trust, joint
venture, association, company, partnership, limited liability company or other
entity (regardless of whether such entity is disregarded as an entity separate
from its owner for Federal Income Tax purposes).

          "Post-Contribution Period" means a taxable period that begins after
the Contribution Date.

          "Post-Distribution Period" means a taxable period that begins after
the Distribution Date.

          "Pre-Contribution Period" means a taxable period that ends on or
before the Contribution Date.

          "Pre-Distribution Period" means a taxable period that ends on or
before the Distribution Date.

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          "Public Offering" means the initial public offering by Stratos of
shares of Stratos common stock pursuant to the S-1.

          "Pro Forma Stratos Group Combined Return" means a pro forma
Non-Federal Combined Tax Return or other schedule prepared with respect to the
Stratos Group pursuant to Section 3.04 of this Agreement.

          "Pro Forma Stratos Group Consolidated Return" means a pro forma
consolidated Federal Income Tax Return or other schedule prepared with respect
to the Stratos Group pursuant to Section 3.04 of this Agreement.

          "Receiving Party" has the meaning set forth in Section 3.09(c) of this
Agreement.

          "Registration Rights Agreement" means the Registration Rights
Agreement entered into by and between Methode and Stratos, dated as of June ___,
2000.

          "Restricted Stock" means stock issued under the Methode Electronics,
Inc. Incentive Stock Award Plan, including any shares of Stratos stock
distributed to holders of Restricted Stock in connection with the Distribution.

          "Reorganization" has the meaning set forth in the Recitals of this
Agreement.

          "Representative" means with respect to any Person, any of such
Person's directors, officers, employees, agents, consultants, advisors,
accountants, attorneys, and representatives.

          "Restricted Period" means the period beginning on the Distribution
Date and ending two years and one day thereafter.

          "Ruling Request" means the Original Ruling Request and any
supplemental letter ruling requests submitted to the IRS by Methode or Stratos
(after obtaining Stratos Sole

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Discretion Consent or Methode Sole Discretion Consent, as applicable), pursuant
to which the Letter Ruling is issued.

          "Stratos" has the meaning set forth in the Preamble of this Agreement.

          "Stratos Group" means, with respect to any taxable period or portion
thereof, Stratos and any Person that directly, or indirectly through one or more
intermediaries, is controlled by Stratos.

          "Stratos Group Combined Tax Liability" has the meaning set forth in
Section 3.04 of this Agreement.

          "Stratos Group Federal Income Tax Liability" has the meaning set forth
in Section 3.04 of this Agreement.

          "Stratos LLC" means Stratos Lightwave, LLC, a Delaware limited
liability company.

          "Stratos Reasonable Discretion Consent" means the advance, written
consent of Stratos, which consent may be granted or withheld in Stratos'
reasonable discretion.

          "Stratos Returns" has the meaning set forth in Section 2.02(b) of this
Agreement.

          "Stratos Sole Discretion Consent" means the advance, written consent
of Stratos, which consent may be granted or withheld in Stratos' sole and
absolute discretion.

          "Subsequent Benefit Decrease Event" has the meaning set forth in
Section 3.08 of this Agreement.

          "Subsequent Benefit Increase Event" has the meaning set forth in
Section 3.08 of this Agreement.

          "Subsequent Restricted Stock Benefit Decrease Event" has the meaning
set forth in Section 3.09 of this Agreement.

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          "Subsequent Restricted Stock Benefit Increase Event" has the meaning
set forth in Section 3.09 of this Agreement.

          "S-1" means the registration statement on Form S-1, Registration No.
333-34864, originally filed by Stratos with the Securities and Exchange
Commission on April 14, 2000 in connection with the initial public offering of
Stratos common stock, as it has been or may be amended.

          "Tainting Act" has the meaning set forth in Section 5.02(a) of this
Agreement.

          "Tax" means any form of taxation imposed by a national, municipal,
governmental, administrative, judicial, state, federal, foreign, or other body
(a "Taxing Authority"), regardless of when such form of taxation was or is
created or imposed, including any net income, alternative or add-on minimum,
gross income, sales, use, ad valorem, escheat, gross receipts, value added,
franchise, profits, license, transfer, recording, withholding, payroll,
employment, excise, severance, stamp, occupation, premium, property, windfall
profit, custom duty, or other tax, government fee or other like assessment or
charge of any kind whatsoever, together with any related interest, penalties, or
other additions to tax, or additional amount imposed by any such Taxing
Authority.

          "Tax Asset" means any Tax Item that has accrued for Tax purposes, but
has not been used during a taxable period, and that could reduce a Tax in
another taxable period, including a net operating loss, net capital loss,
investment tax credit, foreign tax credit, charitable deduction or credit
related to alternative minimum tax.

          "Tax Benefit" means an amount by which the Tax liability of an
Indemnified Party is reduced (including by (i) deduction, (ii) reduction of
income by virtue of increased tax basis or otherwise, or (iii) entitlement to a
Tax refund, credit or otherwise).

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          "Tax Controversy" has the meaning set forth in Section 6.02(a) of this
Agreement.

          "Tax Detriment" means an amount by which the Tax liability of an
Indemnified Party is increased (including by decreases in Tax refunds and
credits).

          "Tax Item" means any item of income, gain, loss, deduction, credit,
recapture of credit, or any other item that may have the effect of increasing or
decreasing Taxes paid or payable.

          "Tax Practices" has the meaning set forth in Section 2.01 of this
Agreement.

          "Tax Return" means any return, filing, questionnaire or other document
required to be filed or that may be filed (including requests for extensions of
time, filings made with estimated Tax payments, claims for refund, elections or
amended returns) for any taxable period with any Taxing Authority in connection
with any Tax (whether or not a payment is required to be made with respect to
such return, filing, questionnaire or other document).

          "Taxing Authority" has the meaning set forth in the definition of the
term "Tax" in this Section 1.01.

          "Treasury Regulations" means the regulations promulgated under the
Code, and any successor provisions thereof, as in effect for the relevant
taxable period.

     Section 1.02.  INTERPRETATION AND CONSTRUCTION OF THIS AGREEMENT.  The
definitions in Section 1.01, above, shall apply equally to both the singular and
plural forms of the terms defined.  Whenever the context may require, any
pronoun shall include the corresponding masculine, feminine or neuter form.  The
words "include," "includes" and "including" when used in this Agreement shall be
deemed to be followed by the phrase "without limitation."  The headings
contained in this Agreement are inserted for convenience only and shall not
constitute a

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part hereof.  This Agreement shall be construed in accordance with its fair
meaning and shall not be construed strictly against the drafter.

     Section 1.03.  CONSENTS.  Methode and Stratos each agree to use their best
efforts to respond to any request for Methode Sole Discretion Consent or Methode
Reasonable Discretion Consent, or Stratos Sole Discretion Consent or Stratos
Reasonable Discretion Consent, respectively, within 30 days of the receipt of a
written request from the other Party for such consent.

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                                     ARTICLE II

                       PREPARATION AND FILING OF TAX RETURNS

     Section 2.01.  MANNER OF FILING.  All Tax Returns filed by any Party
(including any Affiliate of any Party) after the date of this Agreement shall be
prepared on a basis that is consistent with the Letter Ruling and shall be filed
on a timely basis (including extensions) by the Party responsible for such
filing under this Agreement.  All Tax Returns filed after the date of this
Agreement by Stratos or any other member of the Stratos Group with respect to
taxable periods beginning prior to the end of the Restricted Period shall
(except to the extent of Stratos' receipt of Methode Reasonable Discretion
Consent) be prepared in a manner that is consistent with past practices,
elections, accounting methods, conventions, and principles of taxation
(collectively, "Tax Practices") used by Methode and its Affiliates for the most
recent taxable period ending on or before May 1, 1999 for which Tax Returns
involving similar items have been filed by the applicable member of the Methode
Group; PROVIDED, HOWEVER, that Stratos and other members of the Stratos Group
may make such new Tax elections or adopt such new methods of accounting for
Post-Distribution Periods as are permitted under applicable Tax laws, and
PROVIDED, FURTHER, that Stratos and other members of the Stratos Group shall not
be required to follow a Tax Practice that is determined by a Final Determination
to be unlawful.

     Section 2.02.  RESPONSIBILITY FOR FILING.    (a)  Methode shall have the
sole and exclusive responsibility for the preparation and filing of (i) all Tax
Returns for Pre-Distribution Periods and, except as provided to the contrary in
Section 2.02(b) below, any Distribution Straddle Period, and (ii) all Tax
Returns for (or that relate to the businesses, assets or activities of) the
Methode Group for Post-Distribution Periods (the Tax Returns described in (i)
and (ii), collectively, the "Methode Returns").

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          (b)  Stratos shall have the sole and exclusive responsibility for the
preparation and filing of all Tax Returns for (or that relate to the businesses,
assets or activities of) the Stratos Group (i) for Post-Distribution Periods and
(ii) for any Distribution Straddle Period, PROVIDED that such Distribution
Straddle Period Tax Return does not relate to or include any Tax Item
attributable to any business, asset or activity of any member of the Methode
Group, and PROVIDED, FURTHER, that, to the extent Methode is responsible
pursuant to Article III hereof for any Taxes shown on the Distribution Straddle
Period Tax Return, Stratos shall provide to Methode for its review a copy of any
such Distribution Straddle Period Tax Return at least 45 days prior to the due
date thereof (including extensions), and Methode shall provide comments to
Stratos within 30 days after its receipt thereof (the Tax Returns described in
(i) and (ii), collectively, the "Stratos Returns").

          (c)  The preparation and/or filing by Methode or one of its Affiliates
of any Stratos Return under the Master Transitional Services Agreement or any
other Ancillary Agreement shall not cause such Tax Return to be characterized as
a Methode Return for purposes of this Agreement, and shall not otherwise affect
the rights, responsibilities, obligations or liabilities of the Parties under
this Agreement.

     Section 2.03.  AMENDED RETURNS AND OTHER MATTERS PERTAINING TO TAXES FOR
PRE-DISTRIBUTION PERIODS AND DISTRIBUTION STRADDLE PERIODS. (a)  Unless
requested by Methode (in which event Stratos shall comply with such request, and
Methode shall reimburse Stratos for reasonable third-party costs and expenses
directly related thereto), neither Stratos nor any of its Affiliates shall file
or permit to be filed any amended Tax Return with respect to any
Pre-Distribution Period or any Distribution Straddle Period without obtaining
Methode Reasonable Discretion Consent.

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          (b)  Unless required by applicable law, neither Methode nor any of its
Affiliates on the one hand, nor Stratos nor any of its Affiliates on the other
hand, shall, with respect to any Tax relating to (i) any Pre-Distribution Period
or any Distribution Straddle Period or (ii) any matter that is the subject of
this Agreement, the Distribution Agreement or any of the Ancillary Agreements,
take any position, initiate (or permit to be initiated) any claim or otherwise
take (or fail to take) any action that might adversely affect Stratos or any of
its Affiliates or Methode or any of its Affiliates, respectively, with respect
to Taxes without obtaining Stratos Reasonable Discretion Consent or Methode
Reasonable Discretion Consent, respectively.

     Section 2.04.  TREATMENT OF PAYMENTS.  The Parties agree that any indemnity
payments (other than with respect to Taxes allocated to the payor under this
Agreement), made among the Parties pursuant to this Agreement, Article 5 of the
Distribution Agreement, Article 5 of the Master Separation Agreement, Section
2.9 of the Registration Rights Agreement, Section 8.2 of the Master Transitional
Services Agreement, or any other similar provision of any Ancillary Agreement,
the Distribution Agreement or the Master Separation Agreement with respect to
periods prior to the Distribution, or as the result of an event or action (or
failure to act) occurring prior to the Distribution, shall be treated for all
Tax purposes as nontaxable payments (dividends or capital contributions, as the
case may be) made immediately prior to the Distribution, unless, and then only
to the extent, (i) otherwise required by a Final Determination or the Letter
Ruling or (ii) in the judgment of Methode the payment may not reasonably be so
treated.

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                                    ARTICLE III

                          ALLOCATION AND PAYMENT OF TAXES

     Section 3.01.  IN GENERAL.  The Parties agree to (i) allocate their
respective shares of Taxes, and (ii) make payments to Taxing Authorities and
each other with respect to Taxes, in each case, as provided in this Agreement.

     Section 3.02.  ALLOCATION AND PAYMENT OF TAXES, GENERALLY.  Except as
otherwise provided in this Agreement:

          (a)  Methode shall (i) pay or cause to be paid to the relevant Taxing
Authority, or to Stratos, if Stratos has responsibility for filing the relevant
Tax Return, (ii) indemnify and hold the Stratos Group harmless against, and
(iii) be entitled to all refunds of (x) all Taxes for Pre-Contribution Periods
(including the portion of Taxes that is allocated to Pre-Contribution Periods
pursuant to Section 3.03, below) and (y) all Taxes for Post-Contribution Periods
(including the portion of Taxes that is allocated to Post-Contribution Periods
pursuant to Sections 3.03 and 3.04, below) that are allocable to the Methode
Group; and

          (b)  Stratos shall (i) pay or cause to be paid to the relevant Taxing
Authority, or to Methode, if Methode has responsibility for filing the relevant
Tax Return, (ii) indemnify and hold the Methode Group harmless against, and
(iii) be entitled to all refunds of all Taxes for Post-Contribution Periods
(including the portion of Taxes that is allocated to Post-Contribution Periods
pursuant to Sections 3.03 and 3.04, below) that are allocable to the Stratos
Group.

     Section 3.03.  ALLOCATION OF CERTAIN STAND ALONE TAXES.     For purposes of
this Agreement, in the case of Taxes (i) with respect to which Tax Returns are
not filed on a consolidated, combined or unitary basis that include members of
both the Methode Group and

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the Stratos Group and (ii) that are attributable to a Contribution Straddle
Period, the following allocations shall apply:

          (a)  In the case of periodic Taxes that are not based on income or
receipts (E.G., property taxes), the Contribution Straddle Period shall be
treated as if it were divided into a Pre-Contribution Period and a
Post-Contribution Period and such periodic Taxes shall be allocated between such
Pre-Contribution Period and such Post-Contribution Period based upon the ratio
of (i) the number of days in the taxable period (x) before and including the
Contribution Date (with respect to the Pre-Contribution Period) or (y) following
the Contribution Date (with respect to the Post-Contribution Period) and (ii)
the number of days in the entire taxable period.  Methode shall pay or cause to
be paid (to Stratos, with respect to Stratos Returns, and to the relevant Taxing
Authority with respect to Methode Returns) and shall indemnify and hold the
Stratos Group harmless against those Taxes that are allocated in accordance with
this Section 3.03(a) to (1) a Pre-Contribution Period or (2) the Methode Group
with respect to a Post-Contribution Period.  Stratos shall pay or cause to be
paid (to Methode, with respect to any Methode Returns, and to the relevant
Taxing Authority, with respect to any Stratos Returns), and shall indemnify and
hold the Methode Group harmless against those Taxes that are allocated in
accordance with this Section 3.03(a) to the Stratos Group with respect to a
Post-Contribution Period.

          (b)  In the case of Taxes that are not described in Section 3.03(a),
above, the Contribution Straddle Period shall be treated as if it were divided
into a Pre-Contribution Period comprised of the portion of the Contribution
Straddle Period ending on the Contribution Date and a Post-Contribution Period
comprised of the portion of the Contribution Straddle Period following the
Contribution Date and such Taxes shall be allocated between such
Pre-Contribution Period and such Post-Contribution Period by allocating Tax
Items between such

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Pre-Contribution Period and Post-Contribution Period based upon an actual
closing of the books as of the close of business on the Contribution Date,
PROVIDED, HOWEVER, that any Tax Items attributable to transactions or events not
in the ordinary course of business occurring on the Contribution Date prior to
or at the time of the Contribution will be allocated to the Pre-Contribution
Period, and any Tax Items attributable to transactions or events not in the
ordinary course of business occurring on the Contribution Date after the
Contribution shall be allocated to the Post-Contribution Period, in each case in
accordance with the principles of Treasury Regulation section 1.1502-76(b)(1).
Methode shall pay or cause to be paid (to Stratos, with respect to any Stratos
Returns, and to the relevant Taxing Authority, with respect to any Methode
Returns), and shall indemnify and hold the Stratos Group harmless against, the
amount of Taxes attributable to those Tax Items allocated in accordance with
this Section 3.03(b) to (i) a Pre-Contribution Period or (ii) to the Methode
Group with respect to a Post-Contribution Period.  Stratos shall pay or cause to
be paid (to Methode, with respect to any Methode Returns, and to the relevant
Taxing Authority, with respect to any Stratos Returns), and shall indemnify and
hold the Methode Group harmless against, the amount of Taxes attributable to
those Tax Items allocated in accordance with this Section 3.03(b) to the Stratos
Group with respect to a Post-Contribution Period.  Calculations under this
Section 3.03 shall be made by excluding any Tax Items relating to Non-Qualified
Methode Options and Restricted Stock.

     Section 3.04.  ALLOCATION OF CERTAIN CONSOLIDATED TAXES.    (a)  For any
Post-Contribution Period and/or Contribution Straddle Period with respect to
which Tax Returns are filed on a consolidated, combined or unitary basis, which
Tax Returns include both one or more members of the Methode Group and one or
more members of the Stratos Group, for purposes of determining the amount of
Stratos' payment to Methode under Section 3.02(b) hereof, Stratos

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shall owe an amount equal to the sum of the Stratos Group Federal Income Tax
Liability and the Stratos Group Combined Tax Liability for such taxable period.

          (b)  No later than 30 days after the filing of any Federal
Consolidated Return for any Post-Contribution Period, or Contribution Straddle
Period, as the case may be, Methode and Stratos shall prepare a Pro Forma
Stratos Group Consolidated Return.  The Stratos Group Federal Income Tax
Liability shall be the Stratos Group's liability for Federal Income Taxes for
such taxable period, as determined on such Pro Forma Stratos Group Consolidated
Return prepared: (i) on the basis of the Federal Consolidated Return for such
period, determined by (w) excluding any Tax Items relating to Non-Qualified
Methode Options and Restricted Stock (x) including only Tax Items of members of
the Stratos Group which are included in the Federal Consolidated Return (y)
allocating Tax Assets to the Stratos Group to the extent that the Tax Asset was
created by a member of the Stratos Group after the Contribution Date and such
Tax Asset was actually utilized on the relevant Federal Consolidated Return and
(z) in the case of any Contribution Straddle Period, taking into account only
the Tax Items of the Stratos Group relating to the portion of such taxable
period following the Contribution Date, calculated employing the closing of the
books methodology described in Section 3.03(b) above; and (ii) applying the
actual federal corporate Tax rate of the Methode Group for such taxable period
(or portion thereof).

          (c)  No later than 30 days after the filing of each Non-Federal
Combined Tax Return for any Post-Contribution Period or Contribution Straddle
Period, as the case may be, Methode and Stratos shall prepare a Pro Forma
Stratos Group Combined Return.  The Stratos Group Combined Tax Liability shall
be the sum for such taxable period of the Stratos Group's liability for each
Non-Federal Combined Tax, as determined on such Pro Forma Stratos Group

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Combined Return, which Pro Forma Stratos Group Combined Return shall be prepared
in a manner consistent with the principles and procedures set forth in Section
3.04(c) above, for preparing the Pro Forma Stratos Group Consolidated Return.

          (d)  In accordance with Section 3.02(b) hereof, Stratos shall promptly
pay to Methode its Stratos Group Federal Income Tax Liability and Stratos Group
Combined Tax Liability as reflected on the Pro Forma Stratos Group Consolidated
Return or Pro Forma Stratos Group Combined Return.  If the Pro Forma Stratos
Group Consolidated Return or the Pro Forma Stratos Group Combined Return
reflects a loss for the Post-Contribution Period, or Contribution Straddle
Period, as the case may be, Methode shall promptly pay to Stratos the actual Tax
benefit, if any, obtained by reason of such loss by members of the Methode
Group.

     Section 3.05.  ADJUSTMENTS.  If any adjustment is made to any Tax Return
relating to a Party or any of its Affiliates (whether such adjustment is the
result of or in settlement of any audit, other administrative proceeding or
judicial proceeding or the filing of an amended return to reflect the
consequences of any determination made in connection with any such audit or
proceeding or otherwise) and there is a correlative adjustment applicable to
another Party or any of its Affiliates for any taxable period (or portion
thereof) ending after the Contribution Date, the Party whose adjustment is
favorable (I.E., the Party to which there inures, directly or indirectly, a net
Tax benefit as a result of any adjustment) (the "Benefited Party") shall pay to
the Party whose adjustment is unfavorable (I.E., the Party which suffers,
directly or indirectly, a net Tax detriment as a result of any adjustment) (the
"Detrimented Party"), the amount of such net Tax benefit, at such time or times
as and to the extent that such benefit is realized through a refund of Tax or
actual reduction in the amount of Tax that the Benefited Party otherwise would
have paid if such adjustment had not been made; provided, that the Benefited
Party shall not be obligated to make

                                          20
<PAGE>

any payment pursuant to this Section 3.05 in respect of a net Tax benefit to the
extent that the amount of such payment would exceed (a) the aggregate amount of
all prior net Tax detriments suffered by the Detrimented Party with respect to
adjustments that are the subject of this Section 3.05 less (b) the aggregate
amount of all prior payments made by the Benefited Party under this Section
3.05.

     Upon notice from any Party hereto regarding any event (including the filing
of an amended Tax Return or the occurrence of an audit or other proceeding) that
could give rise to a Tax detriment to such Party, a Party having a potential Tax
benefit with respect to the same underlying adjustment shall take all actions as
may be necessary to maximize any correlative adjustment that might ultimately
result in payments by the Benefited Party to the Detrimented Party hereunder,
and shall coordinate with the Party with the potential Tax detriment with
respect to the taking of such actions.

     Section 3.06.  MANNER OF PAYMENT.  Except as otherwise provided in this
Agreement, any payment required to be made among the Parties pursuant to this
Article III with respect to any Tax Return shall be made by the Party obligated
to make such payment (i) in the case of a refund of Tax (whether by way of
payment, credit, or offset against any payments due or otherwise), within 30
business days after receipt of such refund, (ii) in the case of the payment of
Tax with respect to any Tax Return other than a Contribution Straddle Period Tax
Return, within 30 days after the later of such payment of Tax to the relevant
Taxing Authority (including a deemed payment through the use of a Tax loss,
credit, deduction or other allowance) and the delivery of written demand for the
payment hereunder to the Party obligated to make such payment and (iii) in the
case of the payment of Tax with respect to any Contribution Straddle Period Tax
Return, on or before the later of the date such Contribution Straddle Period Tax
Return is filed or 15 days

                                          21
<PAGE>

following the delivery of written demand for the payment hereunder to the Party
obligated to make such payment.  Any payment described in clause (i), above, and
any demand for payment described in clause (ii) or (iii), above, shall be
accompanied by a calculation setting forth the basis for the amount paid or
demanded.  Any payment that is required under this Agreement that is not made
within the prescribed time period shall thereafter bear interest at a
fluctuating rate per annum equal to the prime commercial lending rate publicly
announced by Bank of America or any successor thereto at its principal office
(or any alternative rate substituted therefor by such bank).

     Section 3.07.  CARRYBACKS.  Stratos shall be entitled to any refund for any
Tax obtained by the Methode Group as a result of the carryback of losses or
credits of any member of the Stratos Group from any taxable period (or portion
thereof) beginning after the Contribution Date to any taxable period (or portion
thereof) ending on or before the Contribution Date (without duplication of any
amounts pursuant to this Agreement including Section 3.04 hereof), provided that
Stratos has received Methode Reasonable Discretion Consent with respect to such
carryback.  Such refund shall be limited to the net amount received by the
Methode Group (by refund, offset against other Taxes or otherwise), net of any
net Tax cost and other expenses incurred by the Methode Group with respect to
such refund, and shall be paid within 30 days after payment is received (or
deemed received by reason of the reduction of Taxes otherwise payable) by
Methode from a Taxing Authority.  The application of any such carrybacks by
Stratos and/or any Affiliate of Stratos shall be in accordance with the Code and
the consolidated return regulations promulgated thereunder or other applicable
Tax laws.  Stratos shall reimburse and indemnify Methode for any costs
(including any interest, fines and penalties) resulting from the carryback of
any item under this paragraph.  Notwithstanding this Section 3.07, Stratos and

                                          22
<PAGE>

any member of the Stratos Group shall have the right, in its sole discretion, to
make any election regarding any such carrybacks, including the election under
section 172(b)(3) of the Code, that would eliminate or limit the carryback from
a Post-Distribution Period of any loss or credit to any taxable period ending on
or before the Distribution Date.

     Section 3.08.  DEDUCTIONS ATTRIBUTABLE TO NON-QUALIFIED METHODE OPTIONS.
Stratos agrees to pay to Methode any benefit received by the Stratos Group that
is attributable to any transaction or items relating to the Non-Qualified
Methode Options.  The benefit payable by Stratos to Methode under this Section
3.08 with respect to any taxable period shall equal the excess of (i) the amount
of Taxes that the Stratos Group would have paid in the absence of any
transactions or items under the Non-Qualified Methode Options over (ii) the
amount of Taxes actually payable by the Stratos Group (disregarding deductions
attributable to Restricted Stock excluded in calculations liability pursuant to
Sections 3.03 and 3.04).  Payment of such benefit shall be made within 30 days
after the filing of the Tax Return for any taxable period in which a benefit is
realized by the Stratos Group with respect to the Non-Qualified Methode Options
(including through the use of a net operating loss that is created or increased
by any transaction or item relating to the Non-Qualified Methode Options).  If
subsequent to Stratos' payment of any such amount, there is (A) a Final
Determination under applicable law to the effect that all or part of the
deduction giving rise to such payment was not allowable or available, or (B) a
reduction in the amount of the benefit the Stratos Group realizes as a result of
a Final Determination increasing the amount of income or gain associated with
those transactions, Methode shall repay to Stratos within 30 days of any event
described in (A) or (B) (a "Subsequent Benefit Decrease Event") any amount that
would have not been payable to Methode pursuant to this Section 3.08 had the
amount of the benefit been initially determined in light of

                                          23
<PAGE>

the Subsequent Benefit Decrease Events, together with the amount of any interest
and penalties payable to any Taxing Authority with respect to those amounts.  If
subsequent to Stratos' payment of any amount under this Section 3.08, there is
(A) a Final Determination under applicable law to the effect that a deduction
giving rise to such payment exceeded the amount claimed or (B) an increase in
the amount of the benefit Stratos realizes as a result of a Final Determination
decreasing the amount of income or gain associated with those transactions,
Stratos shall pay to Methode within 30 days of any event described in (A) or (B)
(a "Subsequent Benefit Increase Event") any additional amount that would have
been payable to Methode pursuant to this Section 3.08 had the amount of the
benefit been initially determined in light of the Subsequent Benefit Increase
Events. Stratos shall take all actions as shall be necessary to maximize the
amounts payable by Stratos to Methode under this Section 3.08 and shall
coordinate with, and follow the instruction of, Methode with respect to the
taking of such actions.

     Section 3.09.   DEDUCTIONS ATTRIBUTABLE TO RESTRICTED STOCK.     (a)
Stratos agrees to pay to Methode any benefit received by the Stratos Group that
is attributable to (i) the vesting after the Contribution Date and on or before
the Distribution Date of Restricted Stock and (ii) the vesting after the
Distribution Date of Restricted Stock held by an employee of the Methode Group
(disregarding deductions attributable to Restricted Stock excluded in
calculating liability pursuant to Sections 3.03 and 3.04).

          (b)  Methode agrees to pay to Stratos any benefit received by the
Methode Group that is attributable to the vesting after the Distribution Date of
Restricted Stock held by an employee of the Stratos Group (disregarding
deductions attributable to Restricted Stock excluded in calculating liability
pursuant to Sections 3.03 and 3.04).

                                          24
<PAGE>

          (c)  The benefit payable under this Section 3.09 by one Party (the
"Paying Party") to another Party (the "Receiving Party") with respect to any
taxable period shall equal the excess of (i) the amount of Taxes that the Paying
Party would have paid in the absence of the vesting after the (x) Contribution
Date and on or before the Distribution Date of Restricted Stock and (y)
Distribution Date of Restricted Stock held by an employee of the Methode Group
(or the Stratos Group if the Paying Party is Methode) over (ii) the amount of
Taxes actually payable by the Paying Party.  Payment of such benefit shall be
made within 30 days after the filing of the Tax Return for any taxable period in
which a benefit is realized by the Paying Party with respect to the Restricted
Stock (including through the use of a net operating loss that is created or
increased by any transaction or item relating to the Restricted Stock).  If
subsequent to the Paying Party's payment of any such amount, there is (A) a
Final Determination under applicable law to the effect that all or part of the
deduction giving rise to such payment was not allowable or available, or (B) a
reduction in the amount of the benefit the Paying Party realizes as a result of
a Final Determination increasing the amount of income or gain associated with
those transactions, the Receiving Party shall repay to the Paying Party within
30 days of any event described in (A) or (B) (a "Subsequent Restricted Stock
Benefit Decrease Event") any amount that would have not been payable to the
Receiving Party pursuant to this Section 3.09 had the amount of the benefit been
initially determined in light of the Subsequent Restricted Stock Benefit
Decrease Events, together with the amount of any interest and penalties payable
to any Taxing Authority with respect to those amounts.  If subsequent to the
Paying Party's payment of any amount under this Section 3.09, there is (A) a
Final Determination under applicable law to the effect that a deduction giving
rise to such payment exceeded the amoun claimed or (B) an increase in the amount
of the benefit the Paying Party realizes as a result of a Final Determination
decreasing

                                          25
<PAGE>

the amount of income or gain associated with those transactions, the Paying
Party shall pay to the Receiving Party within 30 days of any event described in
(A) or (B) (a "Subsequent Restricted Stock Benefit Increase Event") any
additional amount that would have been payable to the Receiving Party pursuant
to this Section 3.09 had the amount of the benefit been initially determined in
light of the Subsequent Restricted Stock Benefit Increase Events.  The Paying
Party shall take all actions as shall be necessary to maximize the amounts
payable by the Paying Party to the Receiving Party under this Section 3.09 and
shall coordinate with, and follow the instruction of, the Receiving Party with
respect to the taking of such actions.

     Section 3.10.  CERTAIN DISPUTES REGARDING TAX LIABILITIES.  In the event of
a dispute regarding (i) the allocation of liability pursuant to the provisions
of this Article III, (ii) a payment for the use of losses or credits
attributable to the Stratos Group pursuant to Section 3.04 or 3.07, above, or
(iii) a payment pursuant to Section 3.08 or 3.09, above, the Parties to the
dispute shall employ (and equally share the expense of) a mutually acceptable
and jointly engaged nationally recognized public accounting firm to determine
the proper allocation of such liability or amount of such payment.  In the event
the Parties are unable to agree to a mutually acceptable nationally recognized
accounting firm within 10 days, the Parties shall each select a nationally
recognized accounting firm, which accounting firms shall select a third
nationally recognized accounting firm, which third nationally recognized
accounting firm shall be jointly engaged by the Parties to determine the proper
allocation of such liability or amount of such payment.

                                          26
<PAGE>

                                     ARTICLE IV

                           REPRESENTATIONS AND COVENANTS

     Section 4.01.  STRATOS REPRESENTATIONS. (a)  Stratos has reviewed the
Original Ruling Request and, to the best of Stratos' knowledge, these materials,
including any representations and statements concerning Stratos, its business
operations, capital structure and/or organization, are true, complete and
accurate in all material respects.  Stratos shall, and shall cause each member
of the Stratos Group to, comply in all material respects with each
representation and statement concerning Stratos and/or the Stratos Group made in
the Ruling Request and in the Letter Ruling, including statements relating to
actions intended to facilitate (i) Stratos' use of the proceeds of the initial
public offering of its stock, (ii) Stratos' improvement of operations and
management focus with respect to its business and (iii) line-of-sight
compensation.  Without limiting the generality of the foregoing, with respect to
any representation or statement made by, on behalf of, or with respect to
Stratos or the Stratos Group in connection with the Ruling Request or the Letter
Ruling, and to the extent such representation or statement relates to future
actions or events under their control, neither Stratos nor any member of the
Stratos Group will take (or fail to take) any action during the Restricted
Period that would have caused such representation or statement to be untrue if
Stratos or any member of the Stratos Group had planned or intended to take (or
fail to take) such action at the time such representation or statement was made
by or on behalf of Stratos or the Stratos Group.

          (b)  Stratos hereby represents and warrants that it has no intention
to undertake any of the transactions set forth in Section 4.02(a)(ii), below,
nor does Stratos or any member of the Stratos Group have any intention to cease
to engage directly in the active conduct of its trade

                                          27
<PAGE>

or business (within the meaning of section 355(b)(2) of the Code), including the
ownership and operation of the plant and facilities currently located on Wilson
Avenue.

     Section 4.02.  STRATOS COVENANTS.  (a)  Stratos covenants and agrees on
behalf of itself and each other member of the Stratos Group that during the
Restricted Period:

       (i)     Stratos and the members of the Stratos Group will continue to
     engage in the optical products business (including the design and
     manufacture of fiberoptic products and optical subsystems) and will
     continue to maintain a substantial portion of their respective assets and
     business operations as they existed immediately prior to the Distribution.

       (ii)    Except as provided in Section 4.02(d), below, neither Stratos nor
     any of its Affiliates nor any of its or their respective Representatives
     will undertake, authorize, approve, recommend, permit, facilitate, enter
     into negotiations or any contract, or consummate, any transaction or series
     of related or unrelated transactions with respect to:

              (1)   the issuance of stock, or any instrument that could
          constitute equity for Federal Income Tax purposes, of Stratos or any
          Affiliate thereof (or any instrument or contract with respect to
          either, including options, warrants, rights or securities exercisable
          for, or convertible into, stock, or any instrument that could
          constitute equity for Federal Income Tax purposes, of Stratos or an
          Affiliate of Stratos) other than (i) in the Public Offering and (ii)
          options and restricted and unrestricted stock (A) issued pursuant to
          the Stratos Lightwave, Inc. 2000 Stock Plan, in an amount not to
          exceed, in the aggregate, 3,750,000 shares or options to acquire
          shares of Stratos common stock or (B) the issuance (or in the case of
          an option or other right to acquire stock, issuance and exercise) of
          which is not

                                          28
<PAGE>

          treated, pursuant to the Letter Ruling, as an "acquisition" of stock
          for purposes of section 355(e) of the Code;

              (2)   the capital stock of, or other equity interest in, Stratos
          or any of its Affiliates, including any redemptions, repurchases,
          stock acquisitions or stock dispositions or the dissolution, merger,
          consolidation or complete or partial liquidation of Stratos or any of
          its Affiliates (or any announcement of any such action), other than
          (A) stock acquisitions permitted under Section 4.02(a)(ii)(1), above,
          and (B) normal market trading;

              (3)   the transfer of assets to any Person in which Stratos or any
          of its Affiliates holds, directly or indirectly, any stock, option,
          debt or other interest;

              (4)   any disposition of assets that is outside the ordinary
          course of business;

              (5)   the effectuation of any recapitalization of Stratos or any
          of its Affiliates, including any stock split, reverse stock split,
          stock dividend or other change in capital structure (other than the
          repayment of any indebtedness outstanding immediately after the
          Distribution); and

              (6)   the making of any election under Treasury Regulations
          promulgated under Code Section 7701, or any successor regulation or
          provision, or the taking of any action or the failure to take any
          action that could cause an entity disregarded as an entity separate
          from its owner for Federal Income Tax purposes not to be disregarded
          (including the transfer of any interest in Stratos LLC by Stratos).

          (b)  Stratos covenants and agrees, on behalf of itself and each other
member of the Stratos Group, that neither Stratos nor any other member of the
Stratos Group will take any

                                          29
<PAGE>

position (on a Tax Return, in a Tax proceeding or audit, or otherwise) that is
inconsistent with the Ruling Request or the Letter Ruling.

          (c)  Stratos covenants and agrees, on behalf of itself and each other
member of the Stratos Group, that, in addition to the other representations,
warranties, covenants and agreements set forth in this Agreement, Stratos and
each member of the Stratos Group will take, or refrain from taking, as the case
may be, such actions as Methode may require as necessary to ensure that the
Reorganization qualifies for the intended Tax treatment, including such actions
as Methode determines may be necessary to preserve the Tax treatment set forth
in the Letter Ruling.  Without limiting the generality of the foregoing, Stratos
covenants and agrees, on behalf of itself and each other member of the Stratos
Group, that Stratos and each member of the Stratos Group shall cooperate with
Methode if Methode determines to obtain additional IRS rulings with respect to
the Reorganization or any portion thereof, including rulings pertaining to
whether any actual or proposed change in facts and circumstances affects the Tax
treatment of the Reorganization or any portion thereof, and Methode shall
reimburse Stratos for reasonable third-party costs and expenses directly related
to requests for additional IRS rulings that are initiated by Methode.

          (d)  Following the Distribution Date, Stratos and its Affiliates may
take any action or engage in conduct otherwise prohibited by this Section 4.02
so long as prior to such action or conduct, as the case may be, Stratos obtains
Methode Sole Discretion Consent and, if Methode so requires, Methode or Stratos
receives (A) a ruling from the IRS in form and substance satisfactory to
Methode, in its sole and absolute discretion, and upon which Methode can rely,
to the effect that the proposed action or conduct, as the case may be, will not
cause the Reorganization or any portion thereof to fail to qualify for the Tax
treatment stated in the Letter

                                          30
<PAGE>

Ruling, or (B) an Opinion of Counsel that is in form and substance satisfactory
to Methode, in its sole and absolute discretion, and upon which Methode can rely
(which ruling or Opinion of Counsel, as the case may be, shall be obtained at
the sole cost and expense of Stratos), to the effect that the proposed action or
conduct, as the case may be, will not cause the Reorganization or any portion
thereof to fail to qualify for the Tax treatment stated in the Letter Ruling.

          (e)  Stratos covenants, on behalf of itself and each other member of
the Stratos Group, that neither Stratos nor any member of the Stratos Group will
apply for any additional IRS ruling pertaining to the Reorganization or any
portion thereof unless, prior to so applying, Stratos obtains Methode Sole
Discretion Consent.  Methode shall be entitled to review and approve any request
for, or document relating to, any such ruling prior to its submission to the
IRS.

          (f)  Stratos recognizes that any failure by it or any of its
Affiliates to comply with their obligations under this Section 4.02 may result
in additional Taxes which could cause irreparable harm to Methode, the Methode
Affiliates and their stockholders, and that such Persons may be inadequately
compensated by monetary damages for such failure.  Accordingly, if Stratos or
any Stratos Affiliate shall fail to comply with any obligation under this
Section 4.02, then the Parties agree that Methode and each Methode Affiliate
shall be entitled to specific performance by Stratos or any Stratos Affiliate,
as the case may be, of their obligations set forth in this Section 4.02 and/or
injunctive relief in addition to any other remedies.

     Section 4.03.  METHODE REPRESENTATIONS. (a)  Methode has reviewed the
Original Ruling Request and, to the best of Methode's knowledge, these
materials, including any representations and statements concerning Methode, its
business operations, capital structure and/or organization, are complete and
accurate in all material respects.  Methode shall, and shall

                                          31
<PAGE>

cause each member of the Methode Group to, comply in all material respects with
each such representation and statement concerning Methode and/or the Methode
Group made in the Ruling Request and in the Letter Ruling.  Without limiting the
generality of the foregoing, with respect to any representation or statement
made by, or on behalf of, Methode or the Methode Group in connection with the
Ruling Request or the Letter Ruling, and to the extent such representation or
statement relates to future actions or events under their control, neither
Methode nor any member of the Methode Group will take (or fail to take) any
action during the Restricted Period that would have caused such representation
or statement to be untrue if Methode or any member of the Methode Group had
planned or intended to take (or fail to take) such action at the time such
representation or statement was made by or on behalf of Methode or the Methode
Group.

          (b)  Methode hereby represents and warrants that it has no intention
to undertake any of the transactions set forth in Section 4.04(a)(ii), below,
nor does Methode or any member of the Methode Group have any intention to cease
to engage directly in the active conduct of its trade or business (within the
meaning of section 355(b)(2) of the Code), including the ownership and operation
of the plant and facilities currently located in Carthage, Illinois.

     Section 4.04.   METHODE COVENANTS. (a)  Methode covenants and agrees on
behalf of itself and each other member of the Methode Group that during the
Restricted Period:

       (i)     Methode and the members of the Methode Group will continue to
     engage in the automotive products business and will continue to maintain a
     substantial portion of their respective assets and business operations as
     they existed immediately prior to the Distribution;

       (ii)    Except as provided in Section 4.04(d), below, neither Methode nor
     any of its Affiliates nor any of its or their respective Representatives
     will undertake, authorize,

                                          32
<PAGE>

     approve, recommend, permit, facilitate, or enter into negotiations or any
     contract, or consummate, any transaction or series of related or unrelated
     transactions with respect to:

              (1)   the issuance of stock, or any instrument that could
          constitute equity for Federal Income Tax purposes, of Methode or any
          Affiliate thereof (or any instrument or contract with respect thereto,
          including options, warrants, rights or securities exercisable for, or
          convertible into, stock, or any instrument that could constitute
          equity for Federal Income Tax purposes, of Methode or an Affiliate of
          Methode) in a single transaction or in a series of related or
          unrelated transactions other than (x) options and stock (A) issued
          pursuant to the Methode Electronics, Inc. 1997 Stock Plan, as approved
          by the Board of Directors of Methode on June 27, 1997 (without regard
          to subsequent amendments thereto), in an amount not to exceed, in the
          aggregate, 2,000,000 (such number of shares adjusted immediately after
          the Distribution in a manner consistent with the spread and ratio
          tests set forth in Treasury Regulation section 1.425-1(a)(4)(i) in
          order to preserve the value of options issued under the Plan in light
          of Methode=s diluted value after the Distribution) shares or options
          to acquire shares of Class A Common Stock or (B) the issuance (or in
          the case of an option or other right to acquire stock, issuance and
          exercise) of which is not treated, pursuant to the Letter Ruling, as
          an "acquisition" of stock for purposes of section 355(e) of the Code
          and (y) Class A Common Stock issued to a holder of Class B Common
          Stock upon the holder's conversion of such Class B Common Stock into
          Class A Common Stock pursuant to the terms of such Class B Common
          Stock;

                                          33
<PAGE>

              (2)   the capital stock of, or other equity interest in, Methode
          or any of its Affiliates, including any redemptions, repurchases,
          stock acquisitions or stock dispositions or the dissolution, merger,
          consolidation or complete or partial liquidation of Methode or any of
          its Affiliates (or any announcement of any such action), other than
          (A) stock acquisitions permitted under Section 4.04(a)(ii)(1), above,
          (B) normal market trading and (C) the acquisition of Class B Common
          Stock upon a holder's conversion into Class A Common Stock pursuant to
          the terms of such Class B Common Stock;

              (3)   the transfer of assets to any Person in which Methode or any
          of its Affiliates holds, directly or indirectly, any stock, option,
          debt or other interest;

              (4)   any disposition of assets that is outside the ordinary
          course of business;

              (5)   the effectuation of any recapitalization of Methode or any
          of its Affiliates, including any stock split, reverse stock split,
          stock dividend or other change in capital structure (other than the
          repayment of any indebtedness outstanding immediately after the
          Distribution) other than upon a holder's conversion of Class B Common
          Stock into Class A Common Stock pursuant to the terms of such Class B
          Common Stock; and

              (6)   the making of any election under Treasury Regulations
          promulgated under Code Section 7701, or any successor regulation or
          provision, or the taking of any action or the failure to take any
          action that could cause an entity disregarded as an entity separate
          from its owner for Federal Income Tax purposes not to be disregarded.

                                          34
<PAGE>

          (b)  Methode covenants and agrees, on behalf of itself and each other
member of the Methode Group, that neither Methode nor any other member of the
Methode Group will take any position (on a Tax Return, in a Tax proceeding or
audit, or otherwise) that is inconsistent with the Ruling Request or the Letter
Ruling.

          (c)  Methode covenants and agrees, on behalf of itself and each other
member of the Methode Group, in addition to the other representations,
warranties, covenants and agreements set forth in this Agreement, Methode and
each member of the Methode Group will take, or refrain from taking, as the case
may be, such actions as Methode may require as necessary to ensure that the
Reorganization qualifies for the intended Tax treatment, including such actions
as Methode determines may be necessary to preserve the Tax treatment set forth
in the Letter Ruling.  Without limiting the generality of the foregoing, Methode
covenants and agrees, on behalf of itself and each other member of the Methode
Group, that Methode and each member of the Methode Group shall cooperate with
Stratos if Stratos determines to obtain additional IRS rulings with respect to
the Reorganization or any portion thereof, including rulings pertaining to
whether any actual or proposed change in facts and circumstances affects the Tax
treatment of the Reorganization or any portion thereof, and Stratos shall
reimburse Methode for reasonable third-party costs and expenses directly related
to requests for additional IRS rulings that are initiated by Stratos.

          (d)  Following the Distribution Date, Methode and its Affiliates may
take any action or engage in conduct otherwise prohibited by this Section 4.04
so long as prior to such action or conduct, as the case may be, Methode obtains
Stratos Sole Discretion Consent and, if Stratos so requires, Methode or Stratos
receives (A) a ruling from the IRS in form and substance satisfactory to
Stratos, in its sole and absolute discretion, and upon which Stratos can rely,
to the

                                          35
<PAGE>

effect that the proposed action or conduct, as the case may be, will not cause
the Reorganization or any portion thereof to fail to qualify for the Tax
treatment stated in the Letter Ruling, or (B) an Opinion of Counsel that is in
form and substance satisfactory to Stratos, in its sole and absolute discretion,
and upon which Stratos can rely (which ruling or Opinion of Counsel, as the case
may be, shall be obtained at the sole cost and expense of Methode), to the
effect that the proposed action or conduct, as the case may be, will not cause
the Reorganization or any portion thereof to fail to qualify for the Tax
treatment stated in the Letter Ruling.

          (e)  Methode covenants, on behalf of itself and each other member of
the Methode Group, that neither Methode nor any member of the Methode Group will
apply for any additional IRS ruling pertaining to the Reorganization or any
portion thereof unless, prior to applying, Methode obtains Stratos Sole
Discretion Consent.  Stratos shall be entitled to review and approve any request
for, or document relating to, any such ruling prior to its submission to the
IRS.

          (f)  Methode recognizes that any failure by it or any of its
Affiliates to comply with their obligations under this Section 4.04 may result
in additional Taxes which could cause irreparable harm to Stratos, the Stratos
Affiliates and their stockholders, and that such Persons may be inadequately
compensated by monetary damages for such failure.  Accordingly, if Methode or
any Methode Affiliate shall fail to comply with any obligation under this
Section 4.04, then the Parties agree that Stratos and each Stratos Affiliate
shall be entitled to specific performance by Methode or any Methode Affiliate,
as the case may be, of their obligations set forth in this Section 4.04 and/or
injunctive relief in addition to any other remedies.

     Section 4.05  REDETERMINATION.  If, after the date hereof, the IRS issues
Treasury Regulations under, or other guidance regarding, Section 355(e) of the
Code, the Parties hereby

                                          36
<PAGE>

agree to meet to review the conditions, requirements and covenants set forth in
this Article IV, and to consider making appropriate revisions to this Article IV
as well as seeking any additional rulings as may be appropriate in light of such
regulations or other guidance.

                                          37
<PAGE>

                                     ARTICLE V

                               INDEMNITY OBLIGATIONS

     Section 5.01.  BREACH.  Methode and Stratos shall each indemnify and hold
harmless the other Party and its Affiliates from and against the breach by any
member of the Methode Group or the Stratos Group, as the case may be, of any
representation, covenant, statement, promise or obligation under this Agreement.

     Section 5.02.  TAX INDEMNIFICATION.  Notwithstanding any other provision of
this Agreement to the contrary:

          (a)  If any Party or any of its Affiliates (collectively, jointly and
severally, the "Indemnifying Parties") takes any action prohibited by Article
IV, above, or violates a representation or covenant contained in Article IV,
above, or takes or fails to take any other action (any such action, failure to
act or violation, a "Tainting Act") and the Reorganization or any portion
thereof fails to qualify for the Tax treatment stated in the Letter Ruling in
whole or in part as a result of such Tainting Act, then the Indemnifying Parties
shall (jointly and severally) indemnify and hold harmless the other Party and
its Affiliates (collectively, the "Indemnified Parties") against any and all
Taxes and any other costs and liabilities imposed upon or incurred by the
Indemnified Parties as a result of the Tainting Act, including any liability of
the Indemnified Parties arising from Taxes imposed on shareholders of a Party to
the extent (i) any shareholder or the IRS or other Taxing Authority successfully
seeks recourse against the Indemnified Parties on account of any such Tainting
Act, or (ii) the Indemnified Parties assume or otherwise incur any liability for
such Taxes or other costs or liabilities of such shareholders;

          (b)  Stratos and its Affiliates shall (jointly and severally)
indemnify and hold harmless Methode and its Affiliates for any Tax imposed upon
or incurred by Methode and its

                                          38
<PAGE>

Affiliates as a direct or indirect result of any action taken after the
Distribution by Stratos or any of its Affiliates.  In addition, if the
Distribution is ultimately determined to be taxable to Methode and/or Methode's
shareholders (other than in connection with cash in lieu of fractional shares)
and Stratos or its Affiliates are not otherwise required to indemnify and hold
Methode and its Affiliates harmless with respect to that determination under the
other provisions of this Agreement, then Stratos and its Affiliates will
indemnify and hold Methode and its Affiliates harmless for 50% (fifty percent)
of any such Tax or other liability payable by Methode and its Affiliates as a
result of that determination.

     Section 5.03.  GROSS-UP.  Any payment under this Agreement shall be (i)
increased to take account of any Tax Detriment incurred from the receipt or
accrual of payments hereunder (I.E., grossed-up for any Tax incurred on such
payment, accrual and/or increase) and (ii) reduced to take account of any Tax
Benefit attributable to the items to which such payments relate.

     Section 5.04.  TENDER OFFER OR PURCHASE OFFER.  Notwithstanding anything to
the contrary set forth in this Agreement, if, during the Restricted Period, any
Person or group of Persons acquires beneficial ownership of Stratos or Methode
common stock (or any other class of outstanding Stratos or Methode stock) or
commences a tender or other purchase offer for the capital stock of Stratos or
Methode or initiates any other form of transaction to acquire directly or
indirectly Stratos or Methode stock, upon consummation of which such Person or
group of Persons would acquire beneficial ownership of Stratos or Methode common
stock (or any other class of outstanding Stratos or Methode stock) such that the
Reorganization or any portion thereof shall fail to qualify for the Tax
treatment stated in the Letter Ruling as a result of such acquisition, tender or
other purchase offer, or other form of transaction, then the Indemnifying
Parties shall indemnify and hold harmless the Indemnified Parties against any
and all Taxes and

                                          39
<PAGE>

any other costs and liabilities imposed upon or incurred by the Indemnified
Parties and/or their shareholders as a result of the failure of the
Reorganization or any portion thereof to so qualify.

     Section 5.05.  TAX INDEMNITY PAYMENTS.  An Indemnifying Party shall make
any payment or indemnity required by this Article V no later than 30 days after
receipt of written notice from the Indemnified Parties of such payment or
indemnity obligation, which notice shall be accompanied by a computation of the
amounts due.

     Section 5.06.  EFFECT OF SECTIONS 4.02(d) AND 4.04(d) OF THIS AGREEMENT.
The Indemnified Parties shall be indemnified and held harmless under this
Article V without regard to the fact that any Indemnifying Party or Indemnified
Party may have received Methode Sole Discretion Consent or Stratos Sole
Discretion Consent, as the case may be, a ruling from the IRS or an Opinion of
Counsel, as contemplated by Sections 4.02(d) and 4.04(d), above, or otherwise.
The Indemnified Parties shall be indemnified and held harmless under Section
5.04, above, without regard to whether an acquisition of beneficial ownership
results from a transaction that is not prohibited under Article IV, above.

                                          40
<PAGE>

                                     ARTICLE VI

                      COOPERATION AND EXCHANGE OF INFORMATION

     Section 6.01.  COOPERATION. (a) Each Party shall cooperate (and shall
cause its Affiliates to cooperate) fully at such time and to the extent
reasonably requested by the other Party in connection with the preparation
and filing of any Tax Return or the conduct of any audit, dispute,
proceeding, suit or action concerning any issues or any other matter
contemplated hereunder. Such cooperation shall include (i) the retention and
provision on demand of books, records, documentation, other information, or
copies thereof relating to any Tax Return until the later of (x) a Final
Determination regarding liability for Taxes to which such Tax Return relates
and (y) in the event any claim has been made under this Agreement for which
such information is relevant, a final resolution with respect to such claim,
(ii) the provision of additional information with respect to an explanation
of Tax Practices and material provided under clause (1) of this Section
6.01(a), (iii) the execution of any document (including powers of attorney)
that may be necessary or reasonably helpful in connection with the filing of
any Tax Return by any member of the Methode Group or the Stratos Group, or in
connection with any audit, dispute, proceeding, suit or action addressed in
the preceding sentence, (iv) the use of the Party's reasonable best efforts
to obtain any documentation from a governmental authority or a third party
that may be necessary or helpful in connection with the foregoing, (v) the
completion of such tax packages and other work papers as requested, and
within the reasonable time specified, by the requesting party (including the
provision of such information in electronic format, if so specified by the
requesting party), and (vi) the satisfaction of applicable withholding
requirements.  Each Party shall make its employees and facilities available
on a mutually convenient basis to facilitate such cooperation.

                                          41
<PAGE>

          (b)  Each Party (a "Notifying Party") shall use reasonable efforts to
keep the other Party advised as to the status of Tax audits and litigation
involving any issue (a "Liability Issue") that (i) relates to a Tax of the other
Party (or its Affiliates), or (ii) could give rise to liability of the other
Party (or its Affiliates) under this Agreement.  The Notifying Party shall
promptly furnish such other Party copies of any inquiries or requests for
information from any Taxing Authority concerning any Liability Issue.  If
applicable under Section 6.02, below, the other Party shall have the right to
consult with the Notifying Party regarding any responses to such requests and
the Notifying Party shall provide such other Party with copies of any such
written responses before such responses are given to any Taxing Authority.
Without limiting the generality of the foregoing, each Party shall promptly
furnish to the other Party, upon receipt, a copy of any revenue agent's report
or similar report, notice of proposed adjustment or notice of deficiency
received by such Party or any of its Affiliates, as the case may be, relating to
any Liability Issue or any adjustment referred to in Section 6.01(c), below.

          (c)  Methode shall advise and consult with Stratos with respect to any
proposed Tax adjustments relating to the Methode Group that are the subject of
an audit or investigation of a Taxing Authority or are the subject of litigation
and that may affect any Tax Item of any member of the Stratos Group after the
Distribution Date.

     Section 6.02.  CONTEST PROVISIONS. (a)  Subject to the cooperation
provisions in Section 6.01, above, Methode shall have the full responsibility
and control over the handling of any Tax controversy, including an audit, a
protest to the Appeals Division of the IRS, litigation in the Tax Court or any
other court of competent jurisdiction, and any other federal, state, local or
foreign hearing or administrative proceeding, (a "Tax Controversy"), involving
any Methode Return, except to the extent the Tax Controversy relates to the
Reorganization or any portion

                                          42
<PAGE>

thereof, with respect to which Methode and the Stratos shall have joint control.
Upon request by Stratos, however, and subject to Methode Reasonable Discretion
Consent and the cooperation provisions in Section 6.01, above, Stratos shall, at
Stratos' expense and in its sole discretion, be allowed to participate in and
share control over the handling of any Tax Controversy with respect to any item
that would give rise to a payment of Tax for which Stratos would be liable, or a
refund of Tax for which Stratos would be entitled to receive payment, under this
Agreement.

          (b)  Subject to the cooperation provisions in Section 6.01, above,
Stratos shall have the full responsibility and control over the handling of any
Tax Controversy involving any Stratos Return; PROVIDED, HOWEVER, that Methode
shall, at Methode's expense and in its sole discretion, be allowed to
participate in and share control over the handling of any Tax Controversy with
respect to any item that would give rise to a payment of Tax for which Methode
would be liable, or a refund of Tax for which Methode would be entitled to
receive payment, under this Agreement.

          (c)  Each Party shall promptly notify the other Party of any inquiries
by any Taxing Authority that relate to any Tax that may be imposed on the other
Party or any of its Affiliates or that might give rise to any liability on any
of the part of the other Party or any of its Affiliates under this Agreement.

     Section 6.03.  NOTICES.  Any notice, demand, claim or other communication
under this Agreement shall be in writing and shall be deemed given upon delivery
if delivered personally, upon mailing if sent by certified mail, return receipt
requested, postage prepaid, or upon completion of transmission if sent by
telecopy or facsimile, to the Parties at the following address (or such other
address as may be provided in writing from time to time by one Party to the
other Party after the date hereof):

                                          43
<PAGE>

     To Methode or any member of the Methode Group:

          Methode Electronics, Inc.
          7401 West Wilson Avenue
          Chicago, IL 60706
          Attention:  Kevin Hayes, Chief Financial Officer

     To Stratos or any member of the Stratos Group:

          Stratos Lightwave, Inc.
          7444 West Wilson Avenue
          Chicago, IL 60706
          Attention:  David Slack, Chief Financial Officer

     In each case, with copies to:

          Dewey Ballantine LLP
          1775 Pennsylvania Avenue, N.W.
          Washington, D.C. 20006-4605
          Attention:  Joseph M. Pari

     Section 6.04.  COMPLETE AGREEMENT.  This Agreement, together with the
Distribution Agreement, the Master Separation Agreement, and all Ancillary
Agreements, constitutes the entire agreement of the Parties concerning the
subject matter hereof, and supersedes all other agreements, whether or not
written, in respect of any Tax between or among any member or members of the
Methode Group or the Stratos Group.  In the event and to the extent there is a
conflict between the provisions of this Agreement and the Distribution
Agreement, the Master Separation Agreement or any Ancillary Agreement, the
provisions of this Agreement shall control.  This Agreement may not be amended
except by an agreement in writing, signed by the Parties.

     Section 6.05.  DISPUTES.  Except as otherwise provided in Section 3.10,
above, resolution of any and all disputes arising from or in connection with
this Agreement shall be in accordance with the provisions of Section 6.1 of the
Distribution Agreement.

                                          44
<PAGE>

     Section 6.06.  GOVERNING LAW.  This Agreement shall be governed by, and
construed in accordance with, the laws of the state of Illinois.

     Section 6.07.  PARTIES IN INTEREST, SUCCESSORS AND ASSIGNS.  This Agreement
is being entered into by Methode and Stratos on behalf of themselves and their
respective Affiliates following the Contribution.  This Agreement shall
constitute a direct obligation of each such Person and shall be deemed to have
been readopted and affirmed on behalf of any Person that becomes a member of the
Methode Group or the Stratos Group in the future.  All of the provisions of this
Agreement shall be binding upon and inure to the benefit of the Parties and
their Affiliates and their respective successors and permitted assigns.  A
Party's rights and obligations under this Agreement may not be assigned without
the prior written consent of the other Party.

     Section 6.08.  NO THIRD-PARTY BENEFICIARIES.  This Agreement is solely for
the benefit of the Parties and their respective Affiliates and shall not be
deemed to confer upon third parties any remedy, claim, liability, reimbursement,
claim of action or other right in excess of those existing without this
Agreement.

     Section 6.09.  LEGAL ENFORCEABILITY.  Any provision of this Agreement that
is prohibited or unenforceable in any jurisdiction shall, as to that
jurisdiction, be ineffective to the extent of the prohibition or
unenforceability without invalidating the remaining provisions.  Any prohibition
or unenforceability of any provision of this Agreement in any jurisdiction shall
not invalidate or render unenforceable the provision in any other jurisdiction.

     Section 6.10.  EXPENSES.  Unless otherwise expressly provided in this
Agreement or in the Distribution Agreement, each Party shall bear any and all
expenses that arise from its respective obligations under this Agreement.

                                          45
<PAGE>

     Section 6.11.  CONFIDENTIALITY. Except as required by law or with the prior
written consent of the other Party, all Tax Returns, documents, schedules, work
papers and similar items and all information contained therein, which Tax
Returns and other materials are within the scope of this Agreement, and any
other information that is obtained by a Party or any of its Affiliates pursuant
to this Agreement, shall be kept confidential by such Party and its Affiliates
and Representatives, shall not be disclosed to any other Person and shall be
used only for the purposes provided herein.  If a Party or any of its Affiliates
is required by law to disclose any such information, such Party shall give
written notice to the other Party prior to making such disclosure.

     Section 6.12.  COUNTERPARTS.  This Agreement may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if the
signature thereto and hereto were upon the same instrument.

                                     *   *   *

                                          46
<PAGE>

IN WITNESS WHEREOF, the Parties have executed and delivered this Agreement as of
the date first above written.

                              METHODE ELECTRONICS, INC.

                              By:
                                 ------------
                              Name:
                              Title:

                              STRATOS LIGHTWAVE, INC.

                              By:
                                 ------------
                              Name:
                              Title:

                                          47<PAGE>

                                  EXHIBIT 10.9
                     STRATOS LIGHTWAVE, INC. 2000 STOCK PLAN

        1.     PREAMBLE.

        Stratos Lightwave, Inc., a Delaware corporation (the "Company"), hereby
establishes the Stratos Lightwave, Inc. 2000 Stock Plan (the "Plan") as a means
whereby the Company may, through awards of (i) incentive stock options ("ISOs")
within the meaning of section 422 of the Code, (ii) non-qualified stock options
("NSOs"), (iii) stock appreciation rights ("SARs"), and (iv) restricted stock
("Restricted Stock"):

               (a)  provide selected officers, directors and employees with
                    additional incentive to promote the success of the Company's
                    business;

               (b)  encourage such persons to remain in the service of the
                    Company; and

               (c)  enable such persons to acquire proprietary interests in the
                    Company.

        The provisions of this Plan do not apply to or affect any option, stock,
stock appreciation right or restricted stock hereafter granted under any other
stock plan of the Company, and all such options, stock, stock appreciation
rights or restricted stock shall be governed by and subject to the applicable
provisions of the plan under which they will be granted.

        2.     DEFINITIONS AND RULES OF CONSTRUCTION.

               2.01 "Affiliate" means any entity during any period that, in the
opinion of the Committee, the Company has a significant economic interest in the
entity.

               2.02 "Award" means the grant of Options, SARs and/or Restricted
Stock to a Participant.

               2.03 "Award Date" means the date upon which an Option, SAR or
Restricted Stock is awarded to a Participant under the Plan.

               2.04 "Board" or "Board of Directors" means the board of directors
of the Company.

               2.05 "Cause" shall mean any willful misconduct by the Participant
which affects the business reputation of the Company or willful failure by the
Participant to perform his or her material responsibilities to the Company
(including, without limitation, breach by the Participant of any provision of
any employment, consulting, advisory, nondisclosure, non-competition or other
similar agreement between the Participant and the Company or any Affiliate or
Subsidiary). The Participant shall be considered to have been discharged for
"Cause" if the Company determines, within 30 days after the Participant's
resignation, that discharge for Cause was warranted.

                                       -1-

<PAGE>

               2.06 "Change of Control" shall be deemed to have occurred on the
first to occur of any of the following:

                (i)     any "person" (as such term is used in Section 13(d) and
                        14(d)(2) of the Securities Exchange Act of 1934), other
                        than any Subsidiary or any employee benefit plan of the
                        Company or a Subsidiary or former Subsidiary, is or
                        becomes a beneficial owner, directly or indirectly, of
                        stock of the Company representing 25% or more of the
                        total voting power of the Company's then outstanding
                        stock;

                (ii)    a tender offer (for which a filing has been made with
                        the SEC which purports to comply with the requirements
                        of Section 14(d) of the Securities Exchange Act of 1934
                        and the corresponding SEC rules) is made for the stock
                        of the Company. In case of a tender offer described in
                        this paragraph (ii), the "Change of Control" will be
                        deemed to have occurred upon the first to occur of (A)
                        any time during the offer when the person (using the
                        definition in (i) above) making the offer owns or has
                        accepted for payment stock of the Company with 25% or
                        more of the total voting power of the Company's
                        outstanding stock or (B) three business days before the
                        offer is to terminate unless the offer is withdrawn
                        first, if the person making the offer could own, by the
                        terms of the offer plus any shares owned by this person,
                        stock with 50% or more of the total voting power of the
                        Company's outstanding stock when the offer terminates;
                        or

                (iii)   individuals who were the Board's nominees for election
                        as directors of the Company immediately prior to a
                        meeting of the shareholders of the Company involving a
                        contest for the election of directors shall not
                        constitute a majority of the Board following the
                        election.

               2.07 "Code" means the Internal Revenue Code of 1986, as amended
from time to time or any successor thereto.

               2.08 "Committee" means two or more directors elected by the Board
of Directors from time to time; provided, however, that in the absence of an
election by the Board, the Committee shall mean the Compensation Committee of
the Board of Directors.

               2.09 "Common Stock" means the Common Stock of the Company, par
value $.01 per share.

               2.10 "Company" means Stratos Lightwave, Inc., a Delaware
corporation, and any successor thereto.

               2.11 "Exchange Act" shall mean the Securities Exchange Act of
1934, as it exists now or from time to time may hereafter be amended.

                                       -2-

<PAGE>

               2.12   "Fair Market Value" means:

                (i)     for the date of the final prospectus for the Company's
                        initial public offering of its Common Stock, the initial
                        public offering price set forth in the final prospectus
                        for such offering; and

                (ii)    as of any other date, the closing price for the Common
                        Stock on that date, or if no sales occurred on that
                        date, the next trading day on which actual sales
                        occurred (as reported by the Nasdaq Stock Market System
                        or any securities exchange or automated quotation system
                        of a registered securities association on which the
                        Common Stock is then traded or quoted).

               2.13 "Good Reason" shall mean any of the following:

                (i)     any significant diminution in the Participant's title,
                        authority, or responsibilities from and after a Change
                        of Control;

                (ii)    any reduction in the base compensation payable to the
                        Participant from and after a Change of Control; or

                (iii)   the relocation after a Change of Control of the
                        Company's place of business at which the Participant is
                        principally located to a location that is greater than
                        50 miles from the site immediately prior to the Change
                        of Control.

               2.14 "ISO" means an incentive stock option within the meaning of
section 422 of the Code.

               2.15 "NSO" means a non-qualified stock option, which is not
intended to qualify as an incentive stock option under section 422 of the Code.

               2.16 "Option" means the right of a Participant, whether granted
as an ISO or an NSO, to purchase a specified number of shares of Common Stock,
subject to the terms and conditions of the Plan.

               2.17 "Option Price" means the price per share of Common Stock at
which an Option may be exercised.

               2.18 "Participant" means an individual to whom an Award has been
granted under the Plan.

               2.19 "Plan" means the Stratos Lightwave, Inc. 2000 Stock Plan, as
set forth herein and from time to time amended.

               2.20 "Restricted Stock" means the Common Stock awarded to a
Participant pursuant to Section 8 of this Plan.

                                       -3-

<PAGE>

               2.21 "SAR" means a stock appreciation right issued to a
Participant pursuant to Section 9 of this Plan.

               2.22 "Subsidiary" means any entity during any period which the
Company owns or controls more than 50% of (i) the outstanding capital stock, or
(ii) the combined voting power of all classes of stock.

               2.23   Rules of Construction:

                      2.23.1 GOVERNING LAW AND VENUE. The construction and
        operation of this Plan are governed by the laws of the State of Illinois
        without regard to any conflicts or choice of law rules or principles
        that might otherwise refer construction or interpretation of this
        Agreement to the substantive law of another jurisdiction, and any
        litigation arising out of this Plan shall be brought in the Circuit
        Court of the State of Illinois or the United States District Court for
        the Eastern Division of the Northern District of Illinois.

                      2.23.2 UNDEFINED TERMS. Unless the context requires
        another meaning, any term not specifically defined in this Plan is used
        in the sense given to it by the Code.

                      2.23.3 HEADINGS. All headings in this Plan are for
        reference only and are not to be utilized in construing the Plan.

                      2.23.4 CONFORMITY WITH SECTION 422. Any ISOs issued under
        this Plan are intended to qualify as incentive stock options described
        in section 422 of the Code, and all provisions of the Plan relating to
        ISOs shall be construed in conformity with this intention. Any NSOs
        issued under this Plan are not intended to qualify as incentive stock
        options described in section 422 of the Code, and all provisions of the
        Plan relating to NSOs shall be construed in conformity with this
        intention.

                      2.23.5 GENDER. Unless clearly inappropriate, all nouns of
        whatever gender refer indifferently to persons or objects of any gender.

                      2.23.6 SINGULAR AND PLURAL. Unless clearly inappropriate,
        singular terms refer also to the plural and vice versa.

                      2.23.7 SEVERABILITY. If any provision of this Plan is
        determined to be illegal or invalid for any reason, the remaining
        provisions are to continue in full force and effect and to be construed
        and enforced as if the illegal or invalid provision did not exist,
        unless the continuance of the Plan in such circumstances is not
        consistent with its purposes.

        3.     STOCK SUBJECT TO THE PLAN.

        Subject to adjustment as provided in Section 12 hereof, the aggregate
number of shares of Common Stock for which Awards may be issued under this Plan
may not exceed 4,500,000 shares, and the aggregate number of shares of Common
Stock for which Restricted Stock Awards may be issued under this Plan may not
exceed 1,875,000 shares. Reserved shares may be either authorized but unissued
shares or treasury shares, in the Board's discretion. If any Award shall
terminate or

                                       -4-

<PAGE>

expire, as to any number of shares of Common Stock, new Awards may thereafter be
awarded with respect to such shares. Notwithstanding the foregoing, the total
number of shares of Common Stock with respect to which Awards may be granted to
any Participant in any calendar year shall not exceed 1,600,000 shares (subject
to adjustment as provided in Section 12 hereof).

        4.     ADMINISTRATION.

        The Committee shall administer the Plan. All determinations of the
Committee are made by a majority vote of its members. The Committee's
determinations are final and binding on all Participants. In addition to any
other powers set forth in this Plan, the Committee has the following powers:

               (a)  to construe and interpret the Plan;

               (b)  to establish, amend and rescind appropriate rules and
                    regulations relating to the Plan;

               (c)  subject to the terms of the Plan, to select the individuals
                    who will receive Awards, the times when they will receive
                    them, the number of Options, Restricted Stock and/or SARs to
                    be subject to each Award, the Option Price, the vesting
                    schedule (including any performance targets to be achieved
                    in connection with the vesting of any Award), the expiration
                    date applicable to each Award and other terms, provisions
                    and restrictions of the Awards (which need not be identical)
                    and subject to Section 17 hereof, to amend or modify any of
                    the terms of outstanding Awards;

               (d)  to contest on behalf of the Company or Participants, at the
                    expense of the Company, any ruling or decision on any matter
                    relating to the Plan or to any Awards;

               (e)  generally, to administer the Plan, and to take all such
                    steps and make all such determinations in connection with
                    the Plan and the Awards granted thereunder as it may deem
                    necessary or advisable; and

               (f)  to determine the form in which tax withholding under Section
                    15 of this Plan will be made (I.E., cash, Common Stock or a
                    combination thereof).

        5.     ELIGIBLE PARTICIPANTS.

        Present and future directors, officers and employees of the Company or
any Subsidiary or Affiliate shall be eligible to participate in the Plan. The
Committee from time to time shall select those officers, directors and employees
of the Company and any Subsidiary or Affiliate of the Company who shall be
designated as Participants and shall designate in accordance with the terms of
the Plan the number, if any, of ISOs, NSOs, SARs and shares of Restricted Stock
or any combination thereof, to be awarded to each Participant.

                                       -5-

<PAGE>

        6.     TERMS AND CONDITIONS OF NON-QUALIFIED STOCK OPTIONS.

        Subject to the terms of the Plan, the Committee, in its discretion, may
award an NSO to any Participant. Each NSO shall be evidenced by an agreement, in
such form as is approved by the Committee, and except as otherwise provided by
the Committee in such agreement, each NSO shall be subject to the following
express terms and conditions, and to such other terms and conditions, not
inconsistent with the Plan, as the Committee may deem appropriate:

               6.01   OPTION PERIOD.  Each NSO will expire as of the earliest
of:

                    (i)  the date on which it is forfeited under the provisions
                         of Section 11.1;

                    (ii) 10 years from the Award Date;

                    (iii) in the case of a Participant who is an employee of the
                         Company, a Subsidiary or an Affiliate, three months
                         after the Participant's termination of employment with
                         the Company and its Subsidiaries and Affiliates for any
                         reason other than for Cause or death or total and
                         permanent disability;

                    (iv) in the case of a Participant who is a member of the
                         board of directors of the Company or a Subsidiary or
                         Affiliate, but not an employee of the Company, a
                         Subsidiary or an Affiliate, three months after the
                         Participant's retirement from the board for any reason
                         other than for Cause or death or total and permanent
                         disability or the sale, merger or consolidation, or
                         similar extraordinary transaction involving the
                         Company, Subsidiary or Affiliate, as the case may be;

                    (v)  immediately upon the Participant's termination of
                         employment with the Company and its Subsidiaries and
                         Affiliates or service on a board of directors of the
                         Company or a Subsidiary or Affiliate for Cause;

                    (vi) 12 months after the Participant's death or total and
                         permanent disability; or

                    (vii) any other date specified by the Committee when the NSO
                         is granted.

               6.02 OPTION PRICE. At the time granted, the Committee shall
determine the Option Price of any NSO, and in the absence of such determination,
the Option Price shall be 100 % of the Fair Market Value of the Common Stock
subject to the NSO on the Award Date.

               6.03 VESTING. Unless otherwise determined by the Committee and
set forth in the agreement evidencing an Award, NSO Awards shall vest in
accordance with Section 11.1.

                                       -6-

<PAGE>

               6.04 OTHER OPTION PROVISIONS. The form of NSO authorized by the
Plan may contain such other provisions as the Committee may from time to time
determine.

        7.     TERMS AND CONDITIONS OF INCENTIVE STOCK OPTIONS

        Subject to the terms of the Plan, the Committee, in its discretion, may
award an ISO to any employee of the Company or a Subsidiary. Each ISO shall be
evidenced by an agreement, in such form as is approved by the Committee, and
except as otherwise provided by the Committee, each ISO shall be subject to the
following express terms and conditions and to such other terms and conditions,
not inconsistent with the Plan, as the Committee may deem appropriate:

               7.01 OPTION PERIOD. Each ISO will expire as of the earliest of:

                    (i)  the date on which it is forfeited under the provisions
                         of Section 11.1;

                    (ii) 10 years from the Award Date, except as set forth in
                         Section 7.02 below;

                    (iii) immediately upon the Participant's termination of
                         employment with the Company and its Subsidiaries for
                         Cause;

                    (iv) three months after the Participant's termination of
                         employment with the Company and its Subsidiaries for
                         any reason other than for Cause or death or total and
                         permanent disability;

                    (v)  12 months after the Participant's death or total and
                         permanent disability; or

                    (vi) any other date (within the limits of the Code)
                         specified by the Committee when the ISO is granted.

Notwithstanding the foregoing provisions granting discretion to the Committee to
determine the terms and conditions of ISOs, such terms and conditions shall meet
the requirements set forth in section 422 of the Code or any successor thereto.

               7.02 OPTION PRICE AND EXPIRATION. The Option Price of any ISO
shall be determined by the Committee at the time an ISO is granted, and shall be
no less than 100% of the Fair Market Value of the Common Stock subject to the
ISO on the Award Date; provided, however, that if an ISO is granted to a
Participant who, immediately before the grant of the ISO, beneficially owns
stock representing more than 10% of the total combined voting power of all
classes of stock of the Company or its parent or subsidiary corporations, the
Option Price shall be at least 110% of the Fair Market Value of the Common Stock
subject to the ISO on the Award Date and in such cases, the exercise period
specified in the Option agreement shall not exceed five years from the Award
Date.

               7.03 VESTING. Unless otherwise determined by the Committee and
set forth in the agreement evidencing an Award, ISO Awards shall vest in
accordance with Section 11.1.

                                       -7-

<PAGE>

               7.04 OTHER OPTION PROVISIONS. The form of ISO authorized by the
Plan may contain such other provisions as the Committee may, from time to time,
determine; provided, however, that such other provisions may not be inconsistent
with any requirements imposed on incentive stock options under Code section 422
and the regulations thereunder.

        8.     TERMS AND CONDITIONS OF RESTRICTED STOCK AWARDS.

        Subject to the terms of the Plan, the Committee, in its discretion, may
award Restricted Stock to any Participant at no additional cost to the
Participant. Each Restricted Stock Award shall be evidenced by an agreement, in
such form as is approved by the Committee, and all shares of Common Stock
awarded to Participants under the Plan as Restricted Stock shall be subject to
the following express terms and conditions and to such other terms and
conditions, not inconsistent with the Plan, as the Committee shall deem
appropriate:

               (a)    RESTRICTED PERIOD. Shares of Restricted Stock awarded
                      under this Section 8 may not be sold, assigned,
                      transferred, pledged or otherwise encumbered before they
                      vest.

               (b)    VESTING. Unless otherwise determined by the Committee and
                      set forth in the agreement evidencing an Award, Restricted
                      Stock Awards under this Section 8 shall vest in accordance
                      with Section 11.2.

               (c)    CERTIFICATE LEGEND. Each certificate issued in respect of
                      shares of Restricted Stock awarded under this Section 8
                      shall be registered in the name of the Participant and
                      shall bear the following (or a similar) legend until such
                      shares have vested:

                             "The transferability of this certificate and the
                             shares of stock represented hereby are subject to
                             the terms and conditions (including forfeiture)
                             relating to Restricted Stock contained in Section 8
                             of the Stratos Lightwave, Inc. 2000 Stock Plan and
                             an Agreement entered into between the registered
                             owner and Stratos Lightwave, Inc. Copies of such
                             Plan and Agreement are on file at the principal
                             office of Stratos Lightwave, Inc."

        9.     TERMS AND CONDITIONS OF STOCK APPRECIATION RIGHTS.

        The Committee may, in its discretion, grant an SAR to any Participant
under the Plan. Each SAR shall be evidenced by an agreement between the Company
and the Participant, and may relate to and be associated with all or any part of
a specific ISO or NSO. An SAR shall entitle the Participant to whom it is
granted the right, so long as such SAR is exercisable and subject to such
limitations as the Committee shall have imposed, to surrender any then
exercisable portion of his SAR and, if applicable, the related ISO or NSO, in
whole or in part, and receive from the Company in exchange, without any payment
of cash (except for applicable employee withholding taxes), that number of
shares of Common Stock having an aggregate Fair Market Value on the date of
surrender equal to the product of (i) the excess of the Fair Market Value of a
share of Common Stock on the date of surrender over the Fair Market Value of the
Common Stock on the date the SARs were

                                       -8-

<PAGE>

issued, or, if the SARs are related to an ISO or an NSO, the per share Option
Price under such ISO or NSO on the Award Date, and (ii) the number of shares of
Common Stock subject to such SAR, and, if applicable, the related ISO or NSO or
portion thereof which is surrendered.

        An SAR granted in conjunction with an ISO or NSO shall terminate on the
same date as the related ISO or NSO and shall be exercisable only if the Fair
Market Value of a share of Common Stock exceeds the Option Price for the related
ISO or NSO, and then shall be exercisable to the extent, and only to the extent,
that the related ISO or NSO is exercisable. The Committee may at the time of
granting any SAR add such additional conditions and limitations to the SAR as it
shall deem advisable, including, but not limited to, limitations on the period
or periods within which the SAR shall be exercisable and the maximum amount of
appreciation to be recognized with regard to such SAR. Any ISO or NSO or portion
thereof which is surrendered with an SAR shall no longer be exercisable. An SAR
that is not granted in conjunction with an ISO or NSO shall terminate on such
date as is specified by the Committee in the SAR agreement and shall vest in
accordance with Section 11.2. The Committee, in its sole discretion, may allow
the Company to settle all or part of the Company's obligation arising out of the
exercise of an SAR by the payment of cash equal to the aggregate Fair Market
Value of the shares of Common Stock which the Company would otherwise be
obligated to deliver.

        10. MANNER OF EXERCISE OF OPTIONS.

        To exercise an Option in whole or in part, a Participant (or, after his
death, his executor or administrator) must give written notice to the Committee
on a form acceptable to the Committee, stating the number of shares with respect
to which he intends to exercise the Option. The Company will issue the shares
with respect to which the Option is exercised upon payment in full of the Option
Price. The Committee may permit the Option Price to be paid in cash or shares of
Common Stock held by the Participant having an aggregate Fair Market Value, as
determined on the date of delivery, equal to the Option Price. The Committee may
also permit the Option Price to be paid by any other method permitted by law,
including by delivery to the Committee from the Participant of an election
directing the Company to withhold the number of shares of Common Stock from the
Common Stock otherwise due upon exercise of the Option having an aggregate Fair
Market Value on that date equal to the Option Price. If a Participant pays the
Option Price with shares of Common Stock which were received by the Participant
upon exercise of one or more ISOs, and such Common Stock has not been held by
the Participant for at least the greater of:

               (a)    two years from the date the ISOs were granted; or

               (b) one year after the transfer of the shares of Common Stock to
the Participant;

the use of the shares shall constitute a disqualifying disposition and the ISO
underlying the shares used to pay the Option Price shall no longer satisfy all
of the requirements of Code section 422.

                                       -9-

<PAGE>

        11.    VESTING.

               11.1 OPTIONS. A Participant may not exercise an Option until it
has become vested. The portion of an Award of Options that is vested depends
upon the period that has elapsed since the Award Date. The following schedule
applies to any Award of Options under this Plan unless the Committee establishes
a different vesting schedule on the Award Date:

                  Number of Months
                  ----------------
                  Since Award Date          Vested Percentage
                  ----------------          -----------------

                fewer than 12 months              0.0%
                      12 months                  25.00%
                      15 months                  31.25%
                      18 months                  37.50%
                      21 months                  43.75%
                      24 months                  50.00%
                      27 months                  56.25%
                      30 months                  62.50%
                      33 months                  68.75%
                      36 months                  75.00%
                      39 months                  81.25%
                      42 months                  87.50%
                      45 months                  93.75%
                  48 months or more              100.00%

        Not withstanding the above schedule, unless otherwise determined by the
Committee and set forth in the agreement evidencing an Award, a Participant's
Awards shall become fully vested if a Participant's employment with the Company
and its Subsidiaries and Affiliates or service on the board of directors of the
Company, a Subsidiary or an Affiliate is terminated due to: (i) retirement on or
after his sixty-fifth birthday; (ii) retirement on or after his fifty-fifth
birthday with consent of the Company; (iii) retirement at any age on account of
total and permanent disability as determined by the Company; or (iv) death.
Unless the Committee otherwise provides in the applicable agreement evidencing
an Award or Section 11.3 applies, if a Participant's employment with or service
to the Company, a Subsidiary or an Affiliate terminates for any other reason,
any Awards that are not yet vested are immediately and automatically forfeited.

        A Participant's employment shall not be considered to be terminated
hereunder by reason of a transfer of his employment from the Company to a
Subsidiary or Affiliate, or vice versa, or a leave of absence approved by the
Participant's employer. A Participant's employment shall be considered to be
terminated hereunder if, as a result of a sale or other transaction, the
Participant's employer ceases to be a Subsidiary or Affiliate (and the
Participant's employer is or becomes an entity that is separate from the Company
and its Subsidiaries and Affiliates).

               11.2 RESTRICTED STOCK AND SARS. The Committee shall establish the
vesting schedule to apply to any Award of Restricted Stock or SAR that is not
associated with an ISO or

                                      -10-

<PAGE>

NSO granted under the Plan to a Participant, and in the absence of such a
vesting schedule, such Award shall vest in accordance with Section 11.1.

               11.3 EFFECT OF "CHANGE OF CONTROL". Notwithstanding Sections 11.1
and 11.2 above, if within 12 months following a "Change of Control" the
employment of a Participant with the Company and its Subsidiaries and Affiliates
is terminated without Cause or the Participant resigns for Good Reason, any
Award issued to the Participant shall be fully vested, and in the case of an
Award other than a Restricted Stock Award, fully exercisable for 90 days
following the date on which the Participant's service with the Company and its
Subsidiaries and Affiliates is terminated, but not beyond the date the Award
would otherwise expire but for the Participant's termination of employment.

        12. ADJUSTMENTS TO REFLECT CHANGES IN CAPITAL STRUCTURE.

               12.01 ADJUSTMENTS. If there is any change in the corporate
structure or shares of the Company, the Committee may make any appropriate
adjustments, including, but limited to, such adjustments deemed necessary to
prevent accretion, or to protect against dilution, in the number and kind of
shares of Common Stock with respect to which Awards may be granted under this
Plan (including the maximum number of shares of Common Stock with respect to
which Awards may be granted under this Plan in the aggregate and individually to
any Participant during any calendar year as specified in Section 3) and, with
respect to outstanding Awards, in the number and kind of shares covered thereby
and in the applicable Option Price. For the purpose of this Section 12, a change
in the corporate structure or shares of the Company includes, without
limitation, any change resulting from a recapitalization, stock split, stock
dividend, consolidation, rights offering, separation, reorganization, or
liquidation (including a partial liquidation) and any transaction in which
shares of Common Stock are changed into or exchanged for a different number or
kind of shares of stock or other securities of the Company or another
corporation.

               12.02 CASHOUTS. In the event of an extraordinary dividend or
other distribution, merger, reorganization, consolidation, combination, sale of
assets, split up, exchange, or spin off, or other extraordinary corporate
transaction, the Committee may, in such manner and to such extent (if any) as it
deems appropriate and equitable make provision for a cash payment or for the
substitution or exchange of any or all outstanding Awards or the cash,
securities or property deliverable to the holder of any or all outstanding
Awards based upon the distribution or consideration payable to holders of Common
Stock upon or in respect of such event; provided, however, in each case, that
with respect to any ISO no such adjustment may be made that would cause the Plan
to violate section 422 of the Code (or any successor provision).

        13.    NONTRANSFERABILITY OF AWARDS.

        ISOs are not transferable, voluntarily or involuntarily, other than by
will or by the laws of descent and distribution or pursuant to a qualified
domestic relations order as defined by the Code. During a Participant's
lifetime, his ISOs may be exercised only by him. All other Awards (other than an
ISO) are transferable by will or by the laws of descent and distribution or
pursuant to a qualified domestic relations order as defined in the Code. With
the approval of the Committee, a Participant may transfer an Award (other than
an ISO) for no consideration to or for the benefit of one or more Family Members
of the Participant subject to such limits as the Committee may establish, and
the

                                      -11-

<PAGE>

transferee shall remain subject to all the terms and conditions applicable to
the Award prior to such transfer. The transfer of an Award pursuant to this
Section 13 shall include a transfer of the right set forth in Section 17 hereof
to consent to an amendment or revision of the Plan and, in the discretion of the
Committee, shall also include transfer of ancillary rights associated with the
Award. For purposes of this Section 13, "Family Members" mean with respect to a
Participant, any child, stepchild, grandchild, parent, stepparent, grandparent,
spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law,
son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including
adoptive relationships, any person sharing the Participant's household (other
than a tenant or employee), a trust in which these persons have more than 50% of
the beneficial interest, a foundation in which these persons (or the
Participant) control the management of assets, and any other entity in which
these persons (or the Participant) own more than 50% of the voting interests.

        14.    RIGHTS AS STOCKHOLDER.

        No Common Stock may be delivered upon the exercise of any Option until
full payment has been made. A Participant has no rights whatsoever as a
stockholder with respect to any shares covered by an Option until the date of
the issuance of a stock certificate for the shares.

        15.    WITHHOLDING TAX.

        The Committee may, in its discretion and subject to such rules as it may
adopt, permit or require a Participant to pay all or a portion of the federal,
state and local taxes, including FICA and Medicare withholding tax, arising in
connection with any Awards by (i) having the Company withhold shares of Common
Stock at the minium rate legally required, (ii) tendering back shares of Common
Stock received in connection with such Award or (iii) delivering other
previously acquired shares of Common Stock having a Fair Market Value
approximately equal to the amount to be withheld.

        16.    NO RIGHT TO EMPLOYMENT.

        Participation in the Plan will not give any Participant a right to be
retained as an employee or director of the Company or its parent or
Subsidiaries, or any right or claim to any benefit under the Plan, unless the
right or claim has specifically accrued under the Plan.

        17. AMENDMENT OF THE PLAN.

        The Board of Directors may from time to time amend or revise the terms
of this Plan in whole or in part and may, without limitation, adopt any
amendment deemed necessary; provided, however, that no change in any Award
previously granted to a Participant may be made that would impair the rights of
the Participant without the Participant's consent.

        18.    CONDITIONS UPON ISSUANCE OF SHARES.

        An Option shall not be exercisable and a share of Common Stock shall not
be issued pursuant to the exercise of an Option, and Restricted Stock shall not
be awarded until and unless the award of Restricted Stock, exercise of such
Option and the issuance and delivery of such share pursuant thereto shall comply
with all relevant provisions of law, including, without limitation, the
Securities

                                      -12-

<PAGE>

Act of 1933, as amended, the Exchange Act, the rules and regulations promulgated
thereunder, and the requirements of any stock exchange or national securities
association upon which the shares of Common Stock may then be listed or quoted,
and shall be further subject to the approval of counsel for the Company with
respect to such compliance.

        As a condition to the exercise of an Option, the Company may require the
person exercising such Option to represent and warrant at the time of any such
exercise that the shares of Common Stock are being purchased only for investment
and without any present intention to sell or distribute such shares if, in the
opinion of counsel for the Company, such a representation is required by any of
the aforementioned relevant provisions of law.

        19. SUBSTITUTION OR ASSUMPTION OF AWARDS BY THE COMPANY.

        The Company, from time to time, also may substitute or assume
outstanding awards granted by another company, whether in connection with an
acquisition of such other company or otherwise, by either (a) granting an Award
under the Plan in substitution of such other company's award, or (b) assuming
such award as if it had been granted under the Plan if the terms of such assumed
award could be applied to an Award granted under the Plan. Such substitution or
assumption shall be permissible if the holder of the substituted or assumed
award would have been eligible to be granted an Award under the Plan if the
other company had applied the rules of the Plan to such grant. In the event the
Company assumes an award granted by another company, the terms and conditions of
such award shall remain unchanged (except that the exercise price and the number
and nature of Shares issuable upon exercise of any such option will be adjusted
appropriately pursuant to section 424(a) of the Code). In the event the Company
elects to grant a new Award rather than assuming an existing option, such new
Award may be granted with a similarly adjusted exercise price.

        20. EFFECTIVE DATE AND TERMINATION OF PLAN.

               20.01 EFFECTIVE DATE. This Plan is effective as of the date of
its adoption by the Board of Directors; provided, however, that no Award granted
hereunder shall be effective until the date the Company's initial underwritten
public offering of its common stock has been declared effective by the
Securities Exchange Commission (the "IPO Date"), and provided further, that any
Award granted before or as of the IPO Date shall be null and void unless
approved by the Committee on or before the IPO Date.

               20.02 TERMINATION OF THE PLAN. The Plan will terminate 10 years
after the date it is approved by the Board of Directors; provided, however, that
the Board of Directors may terminate the Plan at any time prior thereto with
respect to any shares that are not then subject to Awards. Termination of the
Plan will not affect the rights and obligations of any Participant with respect
to Awards granted before termination.

                                      -13-

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