Document:

EXHIBIT
10.1

 

STOCK TRANSFER Agreement by and
AMONG PHI Group, Inc. (a/k/a PHILUX GLOBAL GROUP INC.), Tin Thanh Group Joint Stock Company and Mr. Tran Dinh Quyen.

 

STOCK
TRANSFER AGREEMENT

 

THIS
STOCK TRANSFER AGREEMENT (this “Agreement”) is made effective as of August 13, 2022, among Philux Global Group Inc. (f/k/a
PHI Group, Inc.) a U.S. public company duly organized and existing by virtue of the laws of the State Wyoming, U.S.A. with principal
address at 2323 Main Street, Irvine, CA 92614, U.S.A., hereinafter referred to as “PGG”, Tin Thanh Group Joint Stock Company,
a joint stock company organized and existing by virtue of the laws of Socialist Republic of Vietnam, with principal business address
at 71 Pho Quang Street, Ward 2, Tan Binh District, Ho Chi Minh City, Vietnam, hereinafter referred to as “TTG” and Mr. Tran
Dinh Quyen, the holder of at least fifty-one percent (51.00%) of equity ownership in TTG as of the effective date of this Agreement (the
“Majority Shareholder”), hereinafter referred to as “Seller,” which is listed on Schedule 6 to this Agreement.

 

WHEREAS:

 

A.
TTG is a diversified company and a pioneer in using renewable energy to reduce global emissions
with subsidiaries engaged in renewable energy, import and export, technology, manufacturing, waste management, etc.

 

B.
PGG is a U.S. diversified publicly traded company which owns a Luxembourg bank fund (PHILUX Global Funds SCA, SICAV-RAIF) and is engaged
in mergers and acquisitions and investing in various industries, including but not limited to real estate, agriculture, energy, natural
resources, healthcare, consumer goods and technology.

 

C.
The parties hereto wish to enter this Agreement of Purchase and Sale (“Agreement”) whereby PGG will pay a total purchase
price (“Total Purchase Price”) of Sixty Million U.S. Dollars ($US 60,000,000) in cash to the Seller, as set forth
in Section 2 below, in exchange for Twenty-Two Million Thirty-Two Thousand (22,032,000) Shares of Ordinary Stock of TTG, which
is equivalent to Fifty-One Percent (51.00%) of all the issued and outstanding Ordinary Stock of TTG pursuant to the terms and
conditions of this Agreement.

 

NOW
THEREFORE THIS AGREEMENT WITNESSES that in consideration of covenants and agreements set forth herein and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree each with the other as follows:

 

1.
DEFINITIONS

 

1.1
Definitions. The following terms have the following meanings, unless the context indicates otherwise:

 

(a)
“Acquired Assets” means all assets listed in Schedule 1 hereto;

 

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(b)
“Agreement” means this Agreement, and all the exhibits, schedules and other documents attached to or referred to in
this Agreement, and all amendments and supplements, if any, to this Agreement;

 

(c)
“Closing” shall mean the completion of the Transaction, in accordance with Section 7 hereof, at which time the Closing
Documents shall be exchanged by the parties, except for those documents or other items specifically required to be exchanged at a later
time;

 

(d)
“Closing Date” shall mean a date mutually agreed upon by the parties hereto in writing and in accordance with Section
8.1(d) of this Agreement;

 

(e)
“Closing Documents” shall mean the papers, instruments and documents required to be executed and delivered at the
Closing pursuant to this Agreement;

 

(f)
“Liabilities” includes, any direct or indirect indebtedness, guaranty, endorsement, claim, loss, damage, deficiency,
cost, expense, obligation or responsibility, fixed or unfixed, known or unknown, asserted choate or inchoate, liquidated or unliquidated,
secured or unsecured.

 

(g)
“Loss” shall mean any and all demands, claims, actions or causes of action, assessments, losses, damages, liabilities,
costs, and expenses, including without limitation, interest, penalties, fines and reasonable attorneys, accountants and other professional
fees and expenses, but excluding any indirect, consequential or punitive damages suffered by TTG or PGG including damages for lost profits
or lost business opportunities.

 

(h)
“SEC” shall mean the United States Securities and Exchange Commission;

 

(i)
“Taxes” shall include international, federal, state, provincial and local income taxes, capital gains tax, value-added
taxes, franchise, personal property and real property taxes, levies, assessments, tariffs, duties (including any customs duty), business
license or other fees, sales, use and any other taxes relating to the assets of the designated party or the business of the designated
party for all periods up to and including the Closing Date, together with any related charge or amount, including interest, fines, penalties
and additions to tax, if any, arising out of tax assessments;

 

(j)
“Transaction” shall mean the exchange of Consideration pursuant to this Agreement as described in Section 2.2;

 

(k)
“1933 Act” shall mean the United States Securities Act of 1933, as amended;

 

(l)
“1934 Act” shall mean the United States Securities Exchange Act of 1934, as amended; and,

 

(m)
Schedules. The following schedules are attached to and form part of this Agreement:

 

Schedule
1 - The Acquired Assets.

Schedule
2- Title of Acquired Assets.

Schedule
3 - Impairments to Title of Acquired Assets, if any.

 

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Schedule
4 - Licenses and Permits

Schedule
5 - Exceptions

Schedule
6 - The Majority Shareholder

Schedule
7 – Exhibits

 

1.2
Currency. All dollar amounts referred to in this Agreement are in United States funds, unless expressly stated otherwise.

 

2.
AGREEMENT OF PURCHASE AND SALE AND OTHER CONSIDERATION

 

2.1
Purchase and Sale of Equity Ownership. Subject to the terms and conditions of this Agreement, as set out in Section 2.2 below:

 

PGG
hereby covenants and agrees to buy from the Majority Shareholder and the Majority Shareholder hereby covenants and agrees to sell to
PGG Twenty-Two Million Thirty-Two Thousand (22,032,000) Shares of Ordinary Stock of TTG, which is equivalent to Fifty-One Percent
(51.00%) of all the issued and outstanding Ordinary Stock of TTG, which shares are currently owned by the Majority Shareholder, for
a total price of Sixty Million U.S. Dollars ($US 60,000,000) pursuant to the terms and conditions of this Agreement.

 

2.2.
Consideration.

 

(a.1)
As consideration for the remittance of cash delivery by PGG, the Majority Shareholder shall transfer and deliver the following consideration
to a subsidiary of PGG, and resolve any obligations in connection with Acquired Assets upon or prior to the Closing Date of this transaction:

 

(i)
ownership and possession of Twenty-Two Million Thirty-Two Thousand (22,032,000) Shares of Ordinary Stock of TTG, which is equivalent
to Fifty-One Percent (51.00%) of all the issued and outstanding Ordinary Stock of TTG that is owned by the Majority Shareholder
(“Acquired Assets”);

 

(ii)
payment of any and all liabilities related to the Acquired Assets, if any;

 

(a.2)
As consideration for the consideration provided by the Majority Shareholder, PGG shall pay the following consideration to the Majority
Shareholder and/or their designee(s):

 

The
Total Purchase Price of Sixty Million U.S. Dollars ($US 60,000,000), upon or prior to the Closing Date.

 

The
issuance and transfer of shares of Ordinary Stock of TTG from the Seller to PGG or a subsidiary of PGG shall qualify as a transaction
in securities that is fully compliant with the laws of Socialist Republic of Vietnam.

 

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3.
REPRESENTATIONS AND WARRANTIES OF SELLER

 

Seller
represent and warrant to PGG, and acknowledges that PGG is relying upon such representations and warranties, in connection with the execution,
delivery and performance of this Agreement, notwithstanding any investigation made by or on behalf of PGG, as follows:

 

3.1
History of Assets. The Acquired Assets have not previously been illegally owned by a corporation or other entity.

 

3.2
Authority. The Majority Shareholder and TTG have all requisite corporate power and authority to execute and deliver this Agreement
and any other document contemplated by this Agreement (collectively, the “TTG Documents”) to be signed by the pertinent
shareholders and/or an authorized officer of TTG and to perform their obligations hereunder and to consummate the transactions contemplated
hereby. The execution and delivery of TTG Documents by Seller and the consummation of the transactions contemplated hereby have been
duly authorized. No other proceedings on the part of Seller is necessary to authorize such documents or to consummate the transactions
contemplated hereby. This Agreement has been, and the other TTG Documents when executed and delivered by Seller will be, duly executed
and delivered by Seller and this Agreement is, and the other TTG Documents when executed and delivered by Seller as contemplated hereby
will be, valid and binding obligations of Seller enforceable in accordance with their respective terms except:

 

(a)
as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement
of creditors’ rights generally;

 

(b)
as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

 

3.3
Title to the Acquired Assets. The Majority Shareholder possesses or shall have possessed good and marketable title of all of the
Acquired Assets prior to the Closing Date. All Acquired Assets are owned or shall have been owned by the Majority Shareholder by the
Closing Date free and clear of all liens, security interests, charges, encumbrances, and other adverse claims, except as disclosed in
Schedule 5 to this Agreement.

 

3.4
Non-Contravention. Neither the execution, delivery, performance of this Agreement nor the consummation of the Transaction, will:

 

(a)
conflict with, result in a violation of, cause a default under (with or without notice, lapse of time or both) or give rise to a right
of termination, amendment, cancellation or acceleration of any obligation contained in or the loss of any material benefit under, or
result in the creation of any lien, security interest, charge or encumbrance upon any of the Acquired Assets under any term, condition
or provision of any loan or credit agreement, note, debenture, bond, mortgage, indenture, lease or other agreement, instrument, permit,
license, judgment, order, decree, statute, law, ordinance, rule or regulation applicable to TTG, or any of its material property or assets;
or,

 

(b)
violate any order, writ, injunction, decree, statute, rule, or regulation of any court or governmental or regulatory authority applicable
to TTG or any of the Acquired Assets.

 

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3.5
Actions and Proceedings. To the best knowledge of TTG, there is no basis for and there is no action, suit, judgment, claim, demand
or proceeding outstanding or pending, or threatened against or affecting TTG or the Acquired Assets that involves any of the business,
or the properties or assets of TTG that, if adversely resolved or determined, would have a material adverse effect on the Acquired Assets
(a “Material Adverse Effect”). There is no reasonable basis for any claim or action that, based upon the likelihood
of its being asserted and its success if asserted, would have such a TTG Material Adverse Effect.

 

3.6
Absence of Changes. Except as otherwise stated in this Agreement, from the date of this Agreement to the Closing of this Transaction,
Seller shall not:

 

(a)
fail to pay or discharge when due any liabilities of which the failure to pay or discharge would cause any material damage or risk of
material loss to any of the Acquired Assets;

 

(b)
sell, encumber, assign or transfer any of the Acquired Assets;

 

(c)
create, incur, assume or guarantee any indebtedness for money borrowed, or mortgage, pledge or subject any of the Acquired Assets to
any mortgage, lien, pledge, security interest, conditional sales contract or other encumbrance of any nature whatsoever;

 

3.7
Completeness of Disclosure. No representation or warranty by Seller in this Agreement nor any certificate, schedule, statement, document
or instrument furnished or to be furnished to PGG pursuant hereto contains or will contain any untrue statement of a material fact or
omits or will omit to state a material fact required to be stated herein or therein or necessary to make any statement herein or therein
not materially misleading.

 

4.
REPRESENTATIONS AND WARRANTIES OF PGG

 

PGG
represents and warrants to Seller and acknowledges that Seller is relying upon such representations and warranties in connection with
the execution, delivery and performance of this Agreement, notwithstanding any investigation made by or on behalf of Seller as follows:

 

4.1
Organization and Good Standing.

 

a.
PGG is duly incorporated, organized, validly existing and in good standing under the laws of the State of Wyoming, U.S.A. and has all
requisite corporate power and authority to own, lease and to carry on its business as now being conducted.

 

b.
The subsidiary of PGG mentioned elsewhere herein is duly incorporated, organized, validly existing and in good standing under the laws
of the State of Wyoming, U.S.A. and has all requisite corporate power and authority to own, lease and to carry on its business as now
being conducted.

 

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4.2
Authority. PGG has all requisite corporate power and authority to execute and deliver this Agreement and any other document contemplated
by this Agreement (collectively, the “PGG Documents”) to be signed by PGG and to perform its obligations hereunder
and to consummate the Transaction contemplated hereby. The execution and delivery of each of the PGG Documents by PGG and the consummation
by PGG of the transaction contemplated hereby have been duly authorized by its board of directors and no other corporate or shareholder
proceedings on the part of PGG is necessary to authorize such documents or to consummate the Transaction contemplated hereby. This Agreement
has been, and the other PGG Documents when executed and delivered by PGG and this Agreement is, and the other PGG Documents when executed
and delivered by PGG, as contemplated hereby will be, valid and binding obligations of PGG enforceable in accordance with their respective
terms, except:

 

(a)
as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement
of creditors’ rights generally;

 

(b)
as limited by laws relating to the availability of specific performance, injunctive relief.

 

4.3
 Corporate Records of PGG. The corporate records of PGG, as required to be maintained by it pursuant to the Wyoming Statues, are
accurate, complete and current in all material respects, and the minute book of PGG is, in all material respects, correct and contains
all material records required by the laws of the State of Wyoming in regard to all proceedings, consents, actions and meetings of the
shareholders and the board of directors of PGG.
 

4.4
Non-Contravention. Neither the execution, delivery, performance of this Agreement nor the consummation of this Transaction will:

 

(a)
subject to certain provisions contained elsewhere in this Agreement, conflict with, result in a violation of, cause a default under (with
or without notice, lapse of time or both) or give rise to a right of termination, amendment, cancellation or acceleration of any obligation
contained in or the loss of any material benefit under, or result in the creation of any lien, security interest, charge or encumbrance
upon any of the material properties or assets of PGG under any term, condition or provision of any loan or credit agreement, note, debenture,
bond, mortgage, indenture, lease or other agreement, instrument, permit, license, judgment, order, decree, statute, law, ordinance, rule
or regulation applicable to PGG or any of its material property or assets;

 

(b)
violate any provision of the applicable incorporation or charter documents of PGG; or

 

(c)
violate any order, writ, injunction, decree, statute, rule, or regulation of any court or governmental or regulatory authority applicable
to PGG or any of its material property or assets.

 

4.5
Compliance.

 

(a)
To the best knowledge of PGG, PGG is in compliance with, is not in default or violation in any material respect under, and has not been
charged with or received any notice at any time of any material violation of any statute, law, ordinance, regulation, rule, decree or
other applicable regulation to the business or operations of PGG;

 

(b)
To the best knowledge of PGG, PGG is not subject to any judgment, order or decree entered in any lawsuit or proceeding applicable to
its business and operations that would constitute a Material Adverse Effect;

 

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(c)
PGG will have duly filed all reports and returns required to be filed by it with governmental authorities and has obtained all governmental
permits and other governmental consents, except as may be required after the execution of this Agreement. All of such permits and consents
are in full force and effect, and no proceedings for the suspension or cancellation of any of them, and no investigation relating to
any of them, is pending or to the best knowledge of PGG, threatened, and none of them will be affected in a material adverse manner by
the consummation of the Transaction; and

 

(d)
PGG has operated in material compliance with all laws, rules, statutes, ordinances, orders and regulations applicable to its business.
PGG has not received any notice of any violation thereof, nor is PGG aware of any valid basis therefore.

 

4.6
Filings, Consents and Approvals. PGG shall conduct or obtain any filing, registration, permit or authorization from any public or
governmental body or authority, shareholders or other person that is necessary for the consummation by PGG of the Transaction contemplated
by this Agreement and to continue to conduct its business after the Closing Date in a manner which is consistent with that in which it
is presently conducted.

 

4.7
Subsidiary. PGG will choose one of its subsidiaries to be the holder of the title to the Acquired Assets and any ownership documentation
associated with such assets.

 

4.8
No Brokers. PGG has not incurred any obligation or liability to any party for any brokerage fees, agent’s commissions, or finder’s
fees in connection with the Transaction contemplated by this Agreement, except for the terms and conditions in connection with the assignment
agreement between PGG and TTG as mentioned above.

 

4.9
Completeness of Disclosure. No representation or warranty by PGG in this Agreement nor any certificate, schedule, statement, document
or instrument furnished or to be furnished to TTG pursuant hereto contains or will contain any untrue statement of a material fact or
omits or will omit to state a material fact required to be stated herein or therein or necessary to make any statement herein or therein
not materially misleading.

 

5.
CLOSING CONDITIONS

 

5.1
Conditions Precedent to Closing by PGG. The obligation of PGG to consummate the Transaction is subject to the satisfaction or waiver
of the conditions set forth below on or before the Closing Date or such earlier date as hereinafter specified. The Closing of the Transaction
contemplated by this Agreement will be deemed to mean the satisfaction or waiver of all conditions to Closing. These conditions of closing
are for the benefit of PGG and may be waived by PGG in its sole discretion.

 

(a)
PGG shall have obtained the approval of their Board of Directors for the purchase of the equity ownership in TTG.

 

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(b)
Representations and Warranties. The representations and warranties of TTG set forth in this Agreement will be true, correct and complete
in all respects as of the Closing Date, as though made on and as of the Closing Date and TTG will have delivered to PGG a certificate
dated as of the Closing Date, to the effect that the representations and warranties made by TTG respectively in this Agreement are true
and correct.

 

(c)
  Performance. All of the covenants and obligations that TTG are required to perform or to comply with pursuant to this Agreement
at or prior to the Closing shall have been performed and complied with in all material respects.

 

(d)
Transaction Documents. This Agreement, the TTG Documents and all other documents necessary or reasonably required to consummate the Transaction,
all in form and substance reasonably satisfactory to PGG, will have been executed and delivered to PGG.

 

(e)
Third Party Consents. PGG will have received duly executed copies of all third-party consents and approvals contemplated by this Agreement,
in form and substance reasonably satisfactory to PGG.

 

(f)
No Material Adverse Change. No TTG Material Adverse Effect will have occurred since the date of this Agreement.

 

(g)
No Action. No suit, action, or proceeding will be pending or threatened which would:

 

	 	(i)	prevent
  the consummation of any of the transactions contemplated by this Agreement, or
	 	 	 
	 	(ii)	cause
  the Transaction to be rescinded following consummation.

 

(h)
Due Diligence. PGG and its attorneys will be reasonably satisfied with their due diligence investigation of TTG that is reasonable and
customary in a transaction of a similar nature to that contemplated by the Transaction, including:

 

		(i)	satisfactory
                                            technical specifications of the properties of the referenced Acquired Assets;
	 	 	 
		(ii)	materials,
                                            documents and information in the possession and control of TTG that are reasonably germane
                                            to the Transaction;
	 	 	 
	 	(iii)	title
  to the Acquired Assets held by the Majority Shareholder and TTG;
	 	 	 
		(iv)	completion
                                            of the financial, operational and legal due diligence review of TTG by PGG or a third-party
                                            contractor. PGG will be responsible for the costs in connection with the reviews.
	 	 	 
		(vi)	the
                                            time limit for the required Due Diligence is a maximum of 30 days following the signing of
                                            this Agreement, unless further extended in writing by the Majority Shareholder, TTG and PGG.

 

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(i)
Financial audits. Completion of an audit of the financial statements of TTG for the recast fiscal years ended June 30, 2021 and June
30, 2022 by a PCAOB-registered independent auditing firm no later then five business days after the Closing Date.

 

5.2
Conditions Precedent to Closing by Seller. The obligation of Seller to consummate the Transaction is subject to the satisfaction
or waiver of the conditions set forth below on or before the Closing Date or such earlier date as hereinafter specified. The Closing
of the Transaction will be deemed to mean the satisfaction or waiver of all conditions to Closing. These conditions precedent are for
the benefit of TTG and the Majority Shareholder and may be waived by TTG and the Majority Shareholder in their discretion.

 

(a)
On or before the Closing, the Board of Directors and the general meeting of shareholders of TTG shall have approved, in accordance with
the laws of Socialist Republic of Vietnam, the execution, delivery and performance of this Agreement and the consummation of the transaction
contemplated herein and authorized all of the necessary and proper action to enable TTG to comply with the terms of the Agreement, including
but not limited to the acquisition plan to be prepared by TTG and PGG.

 

(b)
Representations and Warranties. The representations and warranties of PGG set forth in this Agreement will be true, correct and complete
in all respects as of the Closing Date, as though made on and as of the Closing Date and PGG will have delivered to TTG a certificate
dated the Closing Date, to the effect that the representations and warranties made by PGG in this Agreement are true and correct.

 

(c)
Performance. All of the covenants and obligations that PGG is required to perform or to comply with pursuant to this Agreement at or
prior to the Closing shall have been performed and complied with in all material respects. PGG shall have delivered each of the documents
required to be delivered by it pursuant to this Agreement.

 

(d)
Transaction Documents. This Agreement, the PGG Documents and all other documents necessary or reasonably required to consummate the Transaction,
all in form and substance reasonably satisfactory to TTG, shall have been executed and delivered by PGG.

 

(e)
Secretary’s Certificate – PGG. TTG shall have received a certificate from the Secretary of PGG attaching:

 

(i)
a copy of PGG’s articles, bylaws and all other incorporation documents, as amended through the Closing Date, and

 

(ii)
copies of resolutions duly adopted by the board of directors of PGG approving the execution and delivery of this Agreement and the consummation
of the transactions contemplated herein.

 

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(f)
No Action. No suit, action, or proceeding shall be pending or threatened before any governmental or regulatory authority wherein an unfavorable
judgment, order, decree, stipulation, injunction or charge would:

 

(i)
prevent the consummation of any of the transactions contemplated by this Agreement, or,

 

(ii)
cause the Transaction to be rescinded following consummation.

 

6.
ADDITIONAL COVENANTS OF THE PARTIES

 

6.1
Access and Investigation. Between the date of this Agreement and the Closing Date, TTG, on the one hand, and PGG, on the other hand,
shall, and shall cause each of their respective representatives to:

 

(a)
afford the other and its representatives full and free access to its personnel, properties, assets, contracts, books and records, and
other documents and data;

 

(b)
furnish the other and its representatives with copies of all such contracts, books and records, and other existing documents and data
as required by this Agreement and as the other may otherwise reasonably request; and,

 

(c)
furnish the other and its representatives with such additional financial, operating, and other data and information as the other may
reasonably request.

 

All
of such access, investigation and communication by a party and its representatives shall be conducted during normal business hours and
in a manner designed not to interfere unduly with the normal business operations of the other party. Each party shall instruct its auditors
to co-operate with the other party and its representatives in connection with such investigations.

 

6.2
Notification. Between the date of this Agreement and the Closing Date, each of the parties to this Agreement shall promptly notify
the other parties in writing if it becomes aware of any fact or condition that causes or constitutes a material breach of any of its
representations and warranties as of the date of this Agreement, if it becomes aware of the occurrence after the date of this Agreement
of any fact or condition that would cause or constitute a material breach of any such representation or warranty had such representation
or warranty been made as of the time of occurrence or discovery of such fact or condition. Should any such fact or condition require
any change in the Schedules relating to such party, such party shall promptly deliver to the other parties a supplement to the Schedules
specifying such change. During the same period, each party shall promptly notify the other parties of the occurrence of any material
breach of any of its covenant in this Agreement or of the occurrence of any event that may make the satisfaction of such conditions impossible
or unlikely.

 

6.3
Exclusivity. The relationship established by both parties herein is exclusive unless the transaction contemplated by this Agreement
is terminated pursuant to Article 8 herein.

 

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6.4
Conduct of TTG and PGG Business Prior to Closing. Except as expressly contemplated by this Agreement or for purposes in furtherance
of this Agreement, from the date of this Agreement to the Closing Date, and except to the extent that TTG otherwise consents in writing,
PGG shall operate its business substantially as presently operated and only in the ordinary course and in compliance with all applicable
laws, and use its best efforts to preserve intact its good reputation and present business organization and to preserve its relationships
with persons having business dealings with it.

 

6.5
Full Disclosure Requirement. TTG acknowledges that PGG is required to file with the SEC upon Closing a disclosure document which
includes discussion of many aspects of its future business, financial affairs, risks and management. TTG shall cooperate fully in providing
PGG with all information and documentation reasonably requested.

 

6.6
Licenses and Permits. TTG and the Majority Shareholder acknowledge and warrant that they shall be responsible for obtaining and maintaining
all the valid and effective licenses and permits for TTG’s operations.

 

6.7
Additional Investments. In conjunction with the purchase of fifty-one percent equity ownership in TTG herein, PGG is committed to
providing or causing to be provided up to three billion U.S. Dollars ($US 3,000,000,000) through PGG’s international financial
networks for TTG to implement the scope of business pursuant to the Business Cooperation Agreement dated May 20, 2022 between TTG and
PGG which includes: (1) Global digital technology business development for leasing of smart truck tires under the DRC-TTG brand, (2)
Development of hi-tech agro-industrial projects for closed circular energy from sorghum (energy – agriculture – environment),
(3) Development of renewable energy projects from household and industrial wastes (from both currently generated wastes and previous
landfills that have been buried underground for many years, (4) Development of global renewable energy projects from discarded tires
using TTG’s exclusive proprietary technology, (5) Construction of housing for low-income people using previous waste landfills
that are cleared by proprietary technology, and (6) Assisting TTG and affiliates to access capital sources and list on major international
stock exchanges (such as NASDAQ Stock Markets and/or New York Stock Exchange).

 

7.
CLOSING

 

7.1
Closing Date. The Closing Date shall be within sixty (60) days following the signing of this Agreement, unless extended in writing by
TTG, the Shareholder and PGG.

 

7.2
Closing. The Closing shall take place on the Closing Date at the offices of PGG or TTG, or at such other location as agreed to by
the parties. Notwithstanding the location of the Closing, each party agrees that the Closing may be completed by the exchange of undertakings
between the respective legal counsel for TTG and PGG, provided such undertakings are satisfactory to each party’s respective legal
counsel.

 

7.3
Closing Deliveries of Seller. At Closing, TTG and the Majority Shareholder shall deliver or cause to be delivered the following,
fully executed and in the form and substance reasonably satisfactory to PGG:

 

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(a)
Proof of the conveyance of Twenty-Two Million Thirty-Two Thousand (22,032,000) Shares of Ordinary Stock of TTG, which is equivalent
to Fifty-One Percent (51.00%) of all the issued and outstanding Ordinary Stock of TTG by Seller to the designated subsidiary of
PGG or PGG’s other designee(s).

 

(b)
all certificates and other documents required by Section 5.1 of this Agreement;

 

(c
) a certificate of an officer of TTG, dated as of Closing, certifying that:

 

(i)
each respective covenant and obligation of TTG has been complied with, and

 

(ii)
each respective representation, warranty and covenant of TTG is true and correct at the Closing as if made on and as of the Closing;
and

 

(d)
The TTG Documents and any other necessary documents, each duly executed by TTG, as required to give effect to the Transaction.

 

7.4
Closing Deliveries of PGG. At Closing, PGG shall deliver or cause to be delivered the following, fully executed and in the form and
substance reasonably satisfactory to TTG:

 

(a)
copies of all resolutions and/or consent actions adopted by or on behalf of the board of directors of PGG evidencing approval of this
Agreement.

 

(b)
A total amount of Sixty Million U.S. Dollars ($US 60,000,000) payable to the Majority Shareholder of TTG and/or his designee(s)
unless agreed otherwise by the parties hereto prior to the Closing Date.

 

(c)
all certificates and other documents required by Section 5.2 of this Agreement;

 

(d)
a certificate of an officer of PGG, dated as of Closing, certifying that:

 

(i)
each covenant and obligation of PGG has been complied with, and

 

(ii)
each representation, warranty and covenant of PGG is true and correct at the Closing as if made on and as of the Closing; and

 

(e)
any other necessary documents, each duly executed by PGG, as required to give effect to the Transaction.

 

8.
TERMINATION

 

8.1
Termination. This Agreement may be terminated at any time prior to the Closing Date contemplated hereby by:

 

(a)
mutual agreement of PGG and TTG;

 

    	Page 12

    	 

    

 

(b)
PGG, in the event of unsatisfactory legal, technical and other due diligence of TTG and the Acquired Assets, as mentioned elsewhere in
this Agreement.

 

(c)
PGG, if there has been a material breach by TTG or any of TTG of any material representation, warranty, covenant or agreement set forth
in this Agreement on the part of TTG that is not cured, to the reasonable satisfaction of PGG, within ten business days after notice
of such breach is given by PGG (except that no cure period shall be provided for a breach by TTG that by its nature cannot be cured);

 

(d)
TTG, if there has been a material breach by PGG of any material representation, warranty, covenant or agreement set forth in this Agreement
on the part of PGG that is not cured, to the reasonable satisfaction of TTG, within ten business days after notice of such breach is
given by TTG (except that no cure period shall be provided for a breach by PGG that by its nature cannot be cured);

 

(e)
PGG or TTG, if the Transaction contemplated by this Agreement has not been consummated on or prior to October 4, 2022 unless PGG and
TTG agree to extend such date in writing; or,

 

(g)
PGG or TTG, if any injunction or other order of a governmental entity of competent authority prevents the consummation of the Transaction
contemplated by this Agreement.

 

8.2
Effect of Termination. In the event of the termination of this Agreement as provided in Section 8.1, this Agreement shall be of no
further force or effect, provided, however, that no termination of this Agreement shall relieve any party of liability for any breaches
of this Agreement that are based on a wrongful refusal or failure to perform any obligations.

 

9.
INDEMNIFICATION, REMEDIES, SURVIVAL

 

9.1
Certain Definitions. For the purposes of this Section 9, the terms “Loss” and “Losses” mean any and all demands,
claims, actions or causes of action, assessments, losses, damages, liabilities, costs, and expenses, including without limitation, interest,
penalties, fines and reasonable attorneys, accountants and other professional fees and expenses of an amount not less than $US 5,000,
but excluding any indirect, consequential or punitive damages suffered by PGG or TTG including damages for lost profits or lost business
opportunities.

 

9.2
TTG Indemnity. TTG shall and does hereby indemnify, defend, and hold harmless PGG and its shareholders from, against, and in respect
of any and all Losses asserted against, relating to, imposed upon, or incurred by PGG and its shareholders by reason of, resulting from,
based upon or arising out of:

 

(a)
any breach by TTG of this Agreement; or

 

(b)
any misstatement, misrepresentation or breach of the representations and warranties made by TTG contained in or made pursuant to this
Agreement, any TTG Document or any certificate or other instrument delivered pursuant to this Agreement.

 

    	Page 13

    	 

    

 

9.3
PGG Indemnity. PGG shall and does hereby indemnify, defend, and hold harmless TTG from, against, for, and in respect of any and all
Losses asserted against, relating to, imposed upon, or incurred by TTG by reason of, resulting from, based upon or arising out of:

 

(a)
any breach by PGG of this Agreement; or

 

(b)
any misrepresentation, misstatement or breach of warranty of PGG contained in or made pursuant to this Agreement, any PGG Document or
any certificate or other instrument delivered pursuant to this Agreement.

 

10.
GENERAL

 

10.1
Effectiveness of Representations; Survival. Each party is entitled to rely on the representations, warranties, indemnifications and
agreements of each of the other parties and all such representation, warranties and agreement shall be effective regardless of any investigation
that any party has undertaken or failed to undertake. The representations, warranties and agreements shall survive the Closing Date and
continue in full force and effect until one (1) year after the Closing Date.

 

10.2
Further Assurances and Provision of Information. Each of the parties hereto shall co-operate with the others and execute and deliver
to the other parties hereto such other instruments and documents and take such other actions as may be reasonably requested from time
to time by any other party hereto as necessary to carry out, evidence, and confirm the intended purposes of this Agreement. TTG agrees
to provide such information as requested by PGG in a timely manner prior to Closing Date.

 

10.3
Amendment. This Agreement may not be amended except by an instrument in writing signed by each of the parties.

 

10.4
Expenses. Except as otherwise stated in this Agreement, TTG and PGG shall pay and be responsible for their own expenses that will
or may be incurred in connection with the preparation, execution, and performance of this Agreement and the Transaction contemplated
hereby, including all fees and expenses of their own agents, representatives, counsel, and accountants.

 

10.5
Entire Agreement. This Agreement, the schedules attached hereto and the other documents in connection with this transaction contain
the entire agreement between the parties with respect to the subject matter hereof and supersede all prior arrangements and understandings,
both written and oral, expressed or implied, with respect thereto. Any preceding correspondence or offers are expressly superseded and
terminated by this Agreement.

 

10.6
Notices. All notices and other communications required or permitted under to this Agreement shall be sent to the addresses exchanged
by the parties hereto for this purpose, as may from time to time be updated by one party to the other, must be in writing and shall be
deemed given if sent by personal delivery, faxed with electronic confirmation of delivery, internationally-recognized express courier
or registered or certified mail (return receipt requested), postage prepaid, to the parties at the addresses specified by a party to
the others from time to time for notice purposes. All such notices and other communications shall be deemed to have been received:

 

    	Page 14

    	 

    

 

(a)
in the case of personal delivery, on the date of such delivery;

 

(b)
in the case of a fax, when the party sending such fax has received electronic confirmation of its delivery;

 

(c)
 in the case of delivery by internationally-recognized express courier, on the sixth business day following dispatch; and,

 

(d)
in the case of mailing, on the fifteenth business day following mailing.

 

If
to TTG and the Majority Shareholder:

 

Tin
Thanh Group Joint Stock Company

Attn:
Mr. Tran Dinh Quyen, Chairman & CEO

71
Pho Quang Street, Ward 2, Tan Binh District

Ho
Chi Minh City, Vietnam

Email:
quyen.tran@tinthanhgroup.vn

 

If
to PGG:

 

PHILUX
Global Group Inc.

Attn:
Mr. Henry D Fahman, Chairman & CEO

2323
Main Street

Irvine,
CA 92614, U.S.A.

Email:
henry@philuxglobal.com

 

10.7
Headings. The headings contained in this Agreement are for convenience purposes only and shall not affect in any way the meaning
or interpretation of this Agreement.

 

10.8
Benefits. This Agreement is and shall only be construed as for the benefit of or enforceable by those persons party to this Agreement.

 

10.9
Assignment. This Agreement may not be assigned (except by operation of law) by any party without the consent of the other parties.

 

10.10
Governing Laws. This Agreement shall be governed by and construed in accordance with the laws of Socialist Republic of Vietnam with
respect to the acquisition of the Acquired Assets, where appropriate.

 

10.11
Gender. All references to any party shall be read with such changes in number and gender as the context or reference requires.

 

    	Page 15

    	 

    

 

10.12
Counterparts. This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement
and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties,
it being understood that all parties need not sign the same counterpart.

 

10.13
Fax Execution and/or Scanned Copy. This Agreement may be executed by delivery of executed signature pages by fax or scanned copy
and such fax execution or scanned copy shall be effective for all purposes.

 

10.14
Independent Legal Advice. TTG confirms that he has been given an opportunity to seek and obtain independent legal advice prior to
execution of this Agreement and cannot and does not rely on the representations of PGG or its advisors respecting the legal effects of
this Agreement.

 

10.15
Schedules and Exhibits. The schedules and exhibits that are attached to this Agreement are incorporated herein.

 

10.16
References. Unless otherwise explicitly stated, all references to a “Section” “Schedule” or Exhibit”
herein refer to a section, schedule or exhibit in and to this Agreement.

 

10.17
Originals. This Agreement is made into two (02) originals in bilingual Vietnamese and English having equal legal validity. Each party
shall keep one (01) original for record and implementation. Should there be any difference and/or discrepancy between the Vietnamese
and the English version, the Vietnamese version shall prevail.

 

10.18
Dispute Resolution. The two Parties commit to fully implement all articles written in the Agreement. Any right and obligation other
than those provided in this Agreement shall be performed in compliance with general regulations of Vietnamese laws. Dispute arising out
of the execution of the Agreement or breach of the Agreement shall first be settled through amicable negotiations. In case the Parties
cannot reach agreement within thirty (30) days since dispute arising, the Parties agree to choose competent Vietnamese International
Arbitration Center in Ho Chi Minh City to settle in accordance with Vietnamese Law. The Arbitration Center’s Decision is the final
for both Parties. The court fee shall be borne by the losing Party.

 

10.19
Force Majeure Event. A Force Majeure Event means an event which occurs objectively and unpredictably and cannot be overcome though
all necessary measures have been applied and all the permitted capabilities have been used, including but not limited to any act of God
(earthquake, hurricane, tsunami, fire, flood, explosion, accident, outbreak of disease or epidemic, strike, act of terrorism, war or
armed conflict, changes in laws or policies, etc.).

 

The
Party which is prevented from performing its obligations hereunder due to any Event of Force Majeure (the “Affected Party”)
shall not be liable for any failure to perform its obligations upon conditions that such Part: (i) promptly notifies other Party of occurrence
of Event of Force Majeure; and (ii) exert its reasonable efforts to mitigate the effects caused by such Event of Force Majeure.

 

In
case the Event of Force Majeure occurs, the Agreement term of the Affected Party shall be extended for an additional period of time equal
to the time of occurrence of such Event of Force Majeure. If the Event of Force Majeure lasts for more than 60 days, either Party shall
have the right to consider the termination of the Agreement.

 

10.20
Non-disclosure. Except as required by law, during the performance of the Agreement and after the termination of the Agreement, PGG
may not use or disclose any confidential information belonging to TTG related to this Agreement, the business, TTG’s internal operations
and/or all other information PGG is provided and/or knows from the performance of this Agreement without TTG’s prior written consent.
PGG may not use any information belonging to and/or relating to TTG other than for the purpose of a comprehensive review in accordance
with this Agreement, unless TTG agrees in writing. In case of violation, PGG must take responsibility according to the provisions of
law.

 

    	Page 16

    	 

    

 

IN
WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

 

	PHILUX
    GLOBAL GROUP INC.	TIN
    THANH GROUP JSC
	(f/k/a
    PHI GROUP, INC.)	a
    Vietnamese joint stock company
	a
    Wyoming corporation	 

 

	By:	/s/
    Henry D. Fahman	 	By:	/s/
    Tran Dinh Quyen
	 	Henry
    D. Fahman	 	 	Tran
    Dinh Quyen
	 	Chairman
    & CEO	 	 	Chairman
    & CEO
	 	 	 	 	 
	THE
    MAJORITY SHAREHOLDER(S)	 	WITNESS
	 	 	 	 	 
	By:	/s/
    Tran Dinh Quyen	 	By:	/s/
    Vo Dinh Hoang
	 	Tran
    Dinh Quyen (78.94 %)	 	 	Vo Dinh Hoang
	 	An
    individual 	 	 	Vice
    President, PHILUX Global Group Inc.
	 	 	 	 	Global
    Business Development

 

    	Page 17

    	 

    

 

SCHEDULE
1

 

TO
THE AGREEMENT OF PURCHASE AND SALE

DATED
AUGUST 13, 2022 BETWEEN PHILUX GLOBAL GROUP INC

AND
TIN THANH GROUP JSC

 

The
Acquired Assets

 

The
following sets out the Acquired Assets to be exchanged for cash pursuant to the Agreement:

 

	Description:	 	Twenty-Two
                                            Million Thirty-Two Thousand (22,032,000) Shares of Ordinary Stock of Tin Thanh Group
                                            JSC, which is equivalent to Fifty-One Percent (51.00%) of all the issued and outstanding
                                            Ordinary Stock in Tin Thanh Group JSC.
	 	 	 
	Location:	 	71
                                            Pho Quang Street, Ward 2, Tan Binh District, Ho Chi Minh City, Vietnam
	 	 	 
	Legal
  status: 	 	Clean
  and Clear.

 

    	Page 18

    	 

    

 

SCHEDULE
2

 

TO
THE AGREEMENT OF PURCHASE AND SALE

DATED
AUGUST 13, 2022 BETWEEN PHILUX GLOBAL GROUP INC

AND
TIN THANH GROUP JSC

 

Title
of Acquired Assets

 

	1.	Owned
                                            and fully paid.

 

    	Page 19

    	 

    

 

SCHEDULE
3

 

TO
THE AGREEMENT OF PURCHASE AND SALE

DATED
AUGUST 13 2022 BETWEEN PHILUX GLOBAL GROUP INC

AND
TIN THANH GROUP JSC

 

Impairments
to Title of Acquired Assets

 

None

 

    	Page 20

    	 

    

 

SCHEDULE
4

 

TO
THE AGREEMENT OF PURCHASE AND SALE

DATED
AUGUST 13, 2022 BETWEEN PHILUX GLOBAL GROUP INC

AND
TIN THANH GROUP JSC

 

Licenses
and Permits of TTG

 

Please
see attached

 

    	Page 21

    	 

    

 

SCHEDULE
5

 

TO
THE AGREEMENT OF PURCHASE AND SALE

DATED
AUGUST 13, 2022 BETWEEN PHILUX GLOBAL GROUP INC

AND
TIN THANH GROUP JSC

 

Exceptions

 

None

 

    	Page 22

    	 

    

 

SCHEDULE
6

 

TO
THE AGREEMENT OF PURCHASE AND SALE

DATED
AUGUST 13, 2022 BETWEEN PHILUX GLOBAL GROUP INC

AND
TIN THANH GROUP JSC

 

I.
The Majority Shareholder(s)

 

	Name:	 	Amount of Shares	 	Percentage of
	 	 	Owned:	 	Ownership in TTG:
	1) Tran Dinh Quyen	 	34,100,000	 	78.94%

 

    	Page 23

    	 

    

 

SCHEDULE
7

 

TO
THE AGREEMENT OF PURCHASE AND SALE

DATED
AUGUST 13, 2022 BETWEEN PHILUX GLOBAL GROUP INC

AND
TIN THANH GROUP JSC

 

	Exhibits	 	Description
	 	 	 
	1	 	Articles of Incorporation (Business Registration)
	2	 	Operating Agreement
	3	 	Financials
	4	 	Liability disclosure
	5	 	Assets
	6	 	Contracts
	7	 	Litigation
	8	 	Insurance
	9	 	Employees
	10	 	Compliance with Laws – Exceptions
	11	 	Leases

 

    	Page 24EX-10.1

 Exhibit 10.1 

Execution Copy 
  

 
 II-VI INCORPORATED, 375 Saxonburg Boulevard, Saxonburg, PA 16056 

General Offices: 724-352-4455 

AMENDED & RESTATED 
 EMPLOYMENT
AGREEMENT 
 THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is made effective as of this 23rd
day of August, 2022, by and between II-VI INCORPORATED, a Pennsylvania corporation (the “Employer”), and Vincent D. Mattera, Jr. (the “Employee”). 

PREAMBLE 
 Employer has employed
Employee as its Chief Executive Officer under the terms of an employment agreement between Employer and Employee, as amended and restated on January 26, 2020 (the “Prior Agreement”). The initial term under the Prior Agreement
is scheduled to end on August 1, 2023. Employer desires to continue to employ Employee as its Chief Executive Officer beyond August 1, 2023. This Agreement extends the employment term and updates certain provisions regarding
Employee’s compensation opportunities, especially in light of the acquisition of Coherent, Inc. on July 1, 2022. This Agreement replaces and supersedes the Prior Agreement in its entirety upon becoming effective. 

AGREEMENT 
 NOW, THEREFORE, in
consideration of the mutual covenants herein contained and intending to be legally bound hereby, the parties hereto agree to the following: 

1.       Employment. Employer shall continue to employ Employee as Chief Executive Officer to
perform such duties as may be determined and assigned to Employee by the Employer from time to time. 

2.     Term. Subject to earlier termination as provided in this Agreement, Employee shall be employed
for a term beginning on August 1, 2022 and ending on August 1, 2030 (the “Initial Term”). Employee’s employment shall automatically be extended for successive additional terms of one (1) year (each a
“Renewal Term”) unless either party gives the other written notice of its intent not to renew at least ninety (90) days prior to the end of the Initial Term or the then current Renewal Term. As used herein,
“Term” shall mean collectively the Initial Term and any Renewal Term(s). Notwithstanding any provision herein to the contrary, Employee’s employment may be terminated prior to the end of the Term in accordance with
Section 10(a) either: (i) by Employee for any reason (i.e., with or without “Good Reason” as defined herein), (ii) by Employer for any reason (i.e., with or without “Cause” as defined herein), or (iii) due to
Employee’s death or Employee having become permanently disabled as reasonably determined by Employer’s board of directors (the “Board of Directors”) or as certified by a qualified physician selected by the Board of
Directors (“Disability”). 

 3.       Compensation. 

(a)     Total Direct Compensation. In consideration of the services to be performed by Employee,
Employer agrees to pay Employee a base salary payable in equal installments at the regularly scheduled pay dates of Employer. In addition to base salary, Employee shall be eligible to receive cash bonuses and annual long-term incentive awards as
Employer shall determine from time to time at Employer’s discretion and consistent with Employer’s senior executive compensation policies and practices as established by the Board of Directors from time to time and exclusive of the
Deferred Compensation Plan contribution described in Section 3(b) (collectively, the “Total Direct Compensation”). Employee’s Total Direct Compensation for Employer’s Fiscal Year 2023 (July 1, 2022 –
June 30, 2023) shall be the amounts shown and described on Exhibit 1, which is attached hereto and incorporated herein. Employee’s base salary may be adjusted from time to time in accordance with Employer’s performance review
processes and policies, provided that in no event will the amount of Employee’s base salary be reduced. 

(b)      Annual Employer Contribution Under the Deferred Compensation Plan. As required by the
terms of the Prior Agreement and as an additional retention incentive for Employee’s service, Employer shall credit Employee’s account under Employer’s Nonqualified Deferred Compensation Plan (the “Deferred Compensation
Plan”) with $1,000,000 on June 30, 2023, provided Employee has not separated from service with Employer prior to such date. Such Employer contribution shall be (i) vested as of the date credited except in the case of involuntary
termination by Employer for Cause, (ii) periodically adjusted for deemed earnings in accordance with the terms of the Deferred Compensation Plan, and (iii) payable to Employee in a single lump sum cash payment upon Employee’s
“separation from service” in accordance with the terms of the Deferred Compensation Plan (subject to any six-month payment delay required by “Section 409A” (as defined herein) and the
terms of the Deferred Compensation Plan). 
 (c)      Other Benefits. Employer also agrees to
provide Employee with fringe benefits and all other benefits from time to time provided to similarly situated executive employees. Employer agrees to provide Employee with life insurance coverage in an amount equal to two (2) times
Employee’s annual base salary. Employer agrees to provide Employee with a long-term disability benefit which will provide Employee with a disability benefit in an amount equal to sixty percent (60%) of his annual base salary in excess of two
hundred thousand dollars ($200,000) (“Supplemental Disability Benefit”). The Supplemental Disability Benefit will be payable to Employee provided Employee has satisfied and continues to satisfy the eligibility provisions and been
determined to be disabled under Employer’s long-term disability plan provided to all employees of Employer. Employer shall pay directly to Employee the Supplemental Disability Benefit in equal monthly installments, subject to all applicable
withholding as required by law, and shall provide Employee with the Supplemental Disability Benefit until Employee attains the age of sixty-six (66). Employee shall be eligible to receive five (5) weeks
of vacation per year. 
 4.       Full Time, Best Efforts and Conduct. Employee covenants
and agrees to devote all of Employee’s business time and efforts to the faithful performance of the duties assigned to Employee from time to time by Employer, except to the extent that Employer expressly permits Employee to engage in outside
activities during business hours. Employer and Employee acknowledge that from time to time, Employee may either desire or be asked by Employer to engage in business activities or perform business services for the benefit of third parties, such as,
e.g., serving as an outside director or consultant for another company. In each case, Employee’s involvement in such business activities or services shall be subject to the mutual agreement and approval of both Employer and Employee. Employee
shall at all times engage in conduct in accordance with the highest standards of ethics and shall take no action that will harm the reputation of Employer. To every extent not inconsistent with the terms of this Agreement, the terms and conditions
of Employee’s employment are also governed by Employer’s personnel policies and employee handbook, as they may be issued and amended from time to time. 

  
 Page 2 of 22 

 5.       Confidential Information. 

(a)     Nondisclosure and Non-use. Both during the term of
Employee’s employment with Employer and thereafter, Employee covenants and agrees that Employee (i) shall exercise the utmost diligence to protect and safeguard the Confidential Information of Employer and its Affiliates; (ii) shall
not disclose to any third party any Confidential Information, except as may be required by Employer in the course of Employee’s employment or by law; and (iii) shall not use, directly or indirectly, for Employee’s own benefit or for
the benefit of another, any Confidential Information. Employee acknowledges that Confidential Information has been and will be developed and acquired by Employer and its Affiliates by means of substantial expense and effort, that the Confidential
Information is a valuable proprietary asset of Employer’s and its Affiliates’ business, and that its disclosure would cause substantial and irreparable injury to Employer’s and its Affiliates’ business. For purposes of this
Agreement, “Affiliate” shall mean any entity controlling, controlled by, or under common control with Employer. 

(b)       Definition of Confidential Information. “Confidential Information”
means all information of a confidential or proprietary nature, whether or not specifically labeled or identified as “confidential,” in any form or medium, that is or was disclosed to, or developed or learned by, Employee in connection with
Employee’s past, present or future employment with Employer and that relates to the business, products, services, research or development of any of the Employer or its Affiliates or their suppliers, distributors or customers. Confidential
Information includes, but is not limited to, the following: (i) internal business information (including, but not limited to, information relating to strategic plans and practices, business, training, marketing, promotional and sales plans and
practices, cost, rate and pricing structures, accounting and business methods); (ii) identities of, individual requirements of, specific contractual arrangements with, and information about, any of Employer’s, or any of its Affiliates’,
suppliers, distributors and customers and their confidential information; (iii) trade secrets, know-how, compilations of data and analyses, techniques, systems, formulae, research, records, reports,
manuals, documentation, models, data and data bases relating thereto; (iv) inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports and all similar or related information (whether or not patentable);
and (v) other information or thing that has economic value, actual or potential, from not being generally known to or not being readily ascertainable by proper means by other persons. 

(c)      Not Confidential Information. Confidential Information shall not include information that
Employee can demonstrate: (i) is publicly known through no wrongful act or breach of obligation of confidentiality; (ii) was rightfully received by Employee from a third party without a breach of any obligation of confidentiality by such
third party; or (iii) was known to Employee on a non-confidential basis prior to the Employee’s employment with Employer. 

(d)     Presumption of Confidentiality. In any judicial proceeding, it will be presumed that the
Confidential Information constitutes protectable trade secrets and Employee will bear the burden of proving that any Confidential Information is publicly or rightfully known by Employee. 

  
 Page 3 of 22 

 (e)      Return of Confidential Information and
Materials. Employee agrees to return to Employer either before or immediately upon the termination of Employee’s employment with Employer any and all information, materials or equipment which constitutes, contains or in any way relates to
the Confidential Information and any other document, equipment or materials of any kind relating in any way to the business of Employer in the possession, custody or control of Employee which was obtained by Employee during the course of or as a
result of Employee’s employment with Employer whether confidential or not, including, but without limitation, any copies thereof which may have been made by or for Employee. Employee shall also provide Employer, if requested to do so, the name
of the new employer of Employee and Employer shall have the right to advise any subsequent employer of Employee’s obligations hereunder. 

6.       Inventions. 

(a)    Ownership of Inventions. Any and all developments, discoveries, inventions, enhancements,
modifications and improvements (collectively, “Inventions”) created or developed by Employee alone or with others during the term of Employee’s employment, whether or not during working hours and whether on Employer’s
premises or elsewhere, shall be deemed works for hire and will be the sole and exclusive property of Employer if the Invention is: 

(i)      within the scope of Employee’s duties assigned or implied in accordance with
Employee’s position; or 
 (ii)     a product, service, or other item which would be in
competition with Employer Products or which is related to Employer Products, whether presently existing, under development, or under active consideration; or 

(iii)    in whole or in part, the result of Employee’s use of Employer’s resources,
including, without limitation, personnel, computers, equipment, facilities or otherwise. 

(b)      Assignment of Inventions. Employee shall promptly and fully disclose all Inventions to
Employer and shall cooperate and perform all actions reasonably requested by Employer to establish, confirm and protect Employer’s right, title and interest in each such Invention. During the term of Employee’s employment with Employer and
after termination of such employment, if Employer should then so request, Employee agrees to assign and does hereby assign to Employer all rights in the Inventions. Employee agrees to execute and deliver to Employer any instruments Employer deems
necessary to vest in Employer the sole title to and all exclusive rights in the Inventions. Employee agrees to execute and deliver to Employer all proper papers for use in applying for, obtaining, maintaining, amending and enforcing any legal
protections as Employer may desire. Employee further agrees to assist fully Employer or its nominees in the preparation and prosecution of any litigation connected with the Inventions. If Employer is unable because of Employee’s mental or
physical incapacity or for any other reason (including, but without limitation, Employee’s refusal to do so after request therefor is made by Employer) to secure Employee’s signature to apply for or to pursue any application for any United
States or foreign patents or copyright registrations covering Inventions belonging to or assigned to Employer pursuant to this Agreement, then Employee hereby irrevocably designates and appoints Employer and its duly authorized officers and agents
as Employee’s agent and attorney-in-fact to act for and on Employee’s behalf and stead to execute and file any such applications and to do all other lawfully
permitted acts to further the prosecution and issuance of patents or copyright registrations thereon with the same legal force and effect as if executed by Employee. 

  
 Page 4 of 22 

7.    Non-Competition. Employee covenants and agrees that during the
term of Employee’s employment with the Employer and for a period of two (2) years after the date of termination of the Employee’s employment hereunder for any reason (the “Restricted Period”), Employee shall not,
directly or indirectly, for the benefit of Employee or others, either as an employee, principal, agent, stockholder, consultant or in any other capacity, engage in or have a financial interest in any Competitor within the Restricted Territory.
Notwithstanding the foregoing, nothing herein shall prohibit the Employee from being a passive owner of not more than 2% of the outstanding securities of any class of a corporation which is publicly traded, so long as Employee has no active
participation in the business of any such corporation. 
 For purposes of this Agreement: 

(a)      “Competitor” shall mean any corporation, limited liability
company, partnership, sole proprietorship or other person or entity who is involved or is engaged in the design, manufacture, purchasing, distribution, sale, assembly, provision or marketing of any products or services that are the same as or
similar to Employer Products. 
 (b)      “Employer Products” shall
mean any products or services: 
 (i)      designed, manufactured, purchased,
distributed, sold, assembled, provided and/or marketed by Employer or its Affiliates; or 

(ii)     that Employer or its Affiliates has planned to design, manufacture, purchase,
distribute, sell, assemble, provide or market, and for which Employee has provided services or over which Employee had direct or indirect managerial or supervisory authority or about which Employee received Confidential Information. 

(c)    “Restricted Territory” means anywhere in the world where Employer’s
Products are designed, manufactured, assembled, marketed or sold. 
 This covenant on the part of Employee shall be construed as an
agreement independent of any other provision of this Agreement; and the existence of any claim or cause of action of Employee against Employer, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by
Employer of this covenant. Employee expressly agrees that the restrictions of this Section 7 will not prevent Employee from otherwise obtaining gainful employment upon termination of Employee’s employment with Employer. 

8.     Non-Solicitation of Business Associates. During the
Restricted Period, Employee shall not directly or indirectly induce, solicit or encourage any customer, supplier or other business associate of Employer or an Affiliate to terminate or alter its relationship with Employer or Affiliate, or introduce,
offer or sell to or for any customer or business associate, any products or services that compete with the Employer Products. 

9.     Non-Solicitation of Employees. During the Restricted
Period, Employee shall not, directly or indirectly, induce, solicit or encourage any employee of Employer or its Affiliates to terminate or alter his, her or its relationship with Employer or its Affiliates. 

  
 Page 5 of 22 

 10.     Termination. 

(a)   Termination Date and Procedures. If the Agreement is not renewed in accordance with Section 2,
Employee’s employment will automatically end upon the end of the applicable Initial Term or Renewal Term. Employee’s employment may also be ended earlier as follows: 

(i)       Death. Employment hereunder shall terminate automatically upon
Employee’s death. 
 (ii)     Disability. Employment hereunder shall terminate
upon written notice to Employee by the Board of Directors of termination due to Disability. 

(iii)   By Employer. Employer may terminate Employee’s employment hereunder without Cause
upon ninety (90) days’ advance written notice to Employee. Employer may terminate Employee’s employment immediately for Cause, subject to any applicable notice and cure requirements as specified in the definition of “Cause”
below. 
 (iv)   By Employee. Employee may terminate employment hereunder without Good Reason
upon ninety (90) days’ advance written notice to Employer. Employee may terminate employment hereunder for Good Reason, subject to the applicable notice and cure requirements as specified in the definition of “Good Reason” below.

 (b)      Termination Without Cause or by Employee for Good Reason. If (i) Employer
terminates Employee without Cause, (ii) the Term of the Agreement is not renewed under Section 2 by action of the Employer without Cause, or (iii) Employee terminates his employment for Good Reason, except when such termination is
coincident with or within a twenty-four (24) month period following the occurrence of a Change in Control, Employer shall pay Employee severance pay in an amount equal to two (2) multiplied by Employee’s Average Annual Income;
provided, however, that if such termination of employment occurs after Employee has attained age seventy (70), the amount shall equal one (1) times Employee’s annual rate of base salary. In addition, Employer shall pay to
Employee an amount equal to the product of (A) eighteen (18) and (B) the full total monthly premium cost (i.e., Employee’s and Employer’s portion) for Employee’s Healthcare Coverage. The amounts payable under this
Section 10(b) will be paid to Employee no later than sixty (60) days after the date of termination, subject to the conditions of Section 10(g). The severance pay will not be considered compensation for the purpose of any other fringe
benefit program of Employer. 
 (c)      Termination on Death or Disability or by Employee without
Good Reason. On termination of Employee’s employment as a result of Employee’s death or Disability, Employer shall pay to Employee or his personal representative on behalf of the estate of Employee, his annual base salary through the
last day of the fiscal year in which the date of death or Disability occurs and payment of any bonuses that would have been paid to Employee for such fiscal year had Employee remained employed by Employer, which bonuses shall not be prorated because
Employee was not employed for the full fiscal year. Any such payments shall be made not later than the 15th day of the third month following Employer’s fiscal year in which such death or Disability occurs. On the termination of employment by
Employee for other than Good Reason, Employer shall promptly pay to Employee any unpaid annual base salary and bonuses, on a pro rata basis, earned by Employee up to the date of termination in accordance with Employer’s established payroll
practices. 

  
 Page 6 of 22 

 (d)     Termination after Change in Control. If
(i) Employer terminates Employee’s employment without Cause, (ii) the Term of the Agreement is not renewed under Section 2 by action of the Employer without Cause, or (iii) Employee terminates Employee’s employment for
Good Reason, and in each such case such termination is coincident with or within a twenty-four (24) month period following the occurrence of a Change in Control, Employer shall pay Employee severance pay in an amount equal to three
(3) multiplied by Employee’s Average Annual Income. The severance pay will be paid to Employee within the period specified in Section 10(d)(iv) below after the expiration of any applicable revocation periods set forth in the Release
required under Section 10(g)(i) below. This severance payment will not be considered compensation for the purpose of any other fringe benefit plan of Employer. 

(i)      In addition, Employer shall cause any unvested Equity Awards held by Employee to
become fully vested and, if applicable, shall cause each such Equity Award to remain exercisable for the period set forth in the applicable Equity Awards Agreement. For the avoidance of any doubt, the provisions of this Section 10(d)(i) shall
supersede the provisions contained in the applicable Equity Award Agreements, provided that the provisions of the Equity Award Agreements will control to the extent such provisions are more favorable to Employee. In the case of any performance-based
Equity Awards, “full vesting” means vesting based on the level of performance adjustment determined under the terms of the applicable Equity Award Agreement in connection with the Change in Control. 

(ii)      In addition, Employer shall pay to Employee an amount equal to the product of
(A) twenty-four (24) and (B) the full total monthly premium cost (i.e., Employee’s and Employer’s portion) for Employee’s Healthcare Coverage. 

(iii)   In addition, Employer shall pay Employee a lump sum cash payment of Forty Thousand Dollars
($40,000.00) in order to cover the cost of post-termination benefit coverage and expenses associated with seeking another employment position. 

(iv)    All payments to be made pursuant to this Section 10(d) shall be made, in lump sum, no
later than sixty (60) days after the date of termination. 
 (e)      Special Retirement
Provisions for Equity Awards. Notwithstanding any provision of this Agreement to the contrary, because Employee has already attained age 65 as of the date of this Agreement, if Employee’s employment with the Company terminates for any
reason, whether voluntary or involuntary, other than a termination by the Company for Cause, then the following vesting treatment shall apply to any outstanding Equity Awards granted from and after the date of this Agreement: (i) stock options
shall continue to vest and become exercisable in accordance with the applicable vesting schedule and remain exercisable for the full option term; (ii) time-vesting restricted stock units shall immediately vest in full; and
(iii) performance-vesting awards (including performance share units) shall continue to vest in full (i.e., not prorated) upon completion of the applicable performance period based on actual performance results; provided, however,
that if such termination of employment occurs before August 1, 2023, performance-vesting awards shall be prorated for the portion of the performance period completed unless aggregate performance results for the performance period are achieved
at 100% of target or greater (in which case the award as adjusted for performance will vest in full as otherwise provided by this Section). For the avoidance of any doubt, the provisions of this Section shall supersede the provisions contained in
the applicable Equity Award Agreements, provided that the provisions of the Equity Award Agreements will control to the extent such provisions are more favorable to Employee. 

  
 Page 7 of 22 

 (f)      Adjustments to Payments. 

(i)    Anything in this Agreement to the contrary notwithstanding, in the event it shall be
determined that any payment or distribution by Employer to Employee or for Employee’s benefit (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise) (the “Payments”) would
be subject to the excise tax imposed by Section 4999 (or any successor provisions) of the Internal Revenue Code of 1986, as amended (the “IRC”), or any interest or penalty is incurred by Employee with respect to such excise tax
(such excise tax, together with any such interest and penalties, is hereinafter collectively referred to as the “Excise Tax”), then the Payments shall be reduced (but not below zero) if and to the extent that such reduction would
result in Employee retaining a larger amount, on an after-tax basis (taking into account federal, state and local income taxes and the imposition of the Excise Tax), than if Employee received all of the
Payments. Employer shall reduce or eliminate the Payments, by first reducing or eliminating the portion of the Payments which are not payable in cash and then by reducing or eliminating cash payments, in each case in reverse order beginning with
payments or benefits which are to be paid the farthest in time from the determination. 

(ii)     All determinations required to be made under this Section, including whether and when
an adjustment to any Payments is required and, if applicable, which Payments are to be so adjusted, shall be made by an independent accounting firm selected by Employer from among the four (4) largest accounting firms in the United States or
any nationally recognized financial planning and benefits consulting company (the “Accounting Firm”) which shall provide detailed supporting calculations both to Employer and to Employee within fifteen (15) business days of the
receipt of notice from Employee that there has been a Payment, or such earlier time as is requested by Employer. In the event that the Accounting Firm is serving as accountant or auditor for the individual, entity or group effecting the Change in
Control, Employer shall appoint another nationally recognized accounting firm to make the determinations required hereunder (which accounting firm shall then be referred to as the Accounting Firm hereunder). All fees and expenses of the Accounting
Firm shall be borne solely by Employer. If the Accounting Firm determines that no Excise Tax is payable by Employee, it shall furnish Employee with a written opinion that failure to report the Excise Tax on Employee’s applicable federal income
tax return would not result in the imposition of a negligence or similar penalty. Any determination by the Accounting Firm shall be binding upon Employer and Employee. 

(g)      Conditions to Receipt of Severance Benefits/Repayment of Severance Benefits. 

(i)      As a condition to receiving any severance benefits to which Employee may
otherwise be entitled under Sections 10(b) and 10(d) of this Agreement (the “Severance Benefits”), Employee shall execute, deliver and not revoke a release and waiver (the “Release”), in a form provided by Employer
to be substantially in the form as attached hereto as Exhibit 2, of any claims, whether arising under Federal, state or local statute, common law or otherwise, against Employer and its Affiliates. Unless otherwise required by applicable law,
the Release must be executed by Employee within twenty-one (21) days (or, if required by law, forty-five (45) days) of the date of termination; provided, however, in all cases, the Release must
become final, binding and irrevocable prior to the sixtieth (60th) day following Employee’s date of termination. If Employee fails or otherwise refuses to execute a Release within the time
specified herein, or revokes the Release, Employee will not be entitled to any such Severance Benefits and Employer shall have no further obligations with respect to the payment of the Severance Benefits. In

  
 Page 8 of 22 

 
addition, if following a termination of employment that gives Employee a right to the payment of Severance Benefits, Employee engages in any activities that would have violated any of the
covenants in Sections 5, 6, 7, 8 or 9 of this Agreement, Employee shall have no further right or claim to any Severance Benefits from and after the date on which Employee engages in such activities and Employer shall have no further obligations with
respect to the payment of the Severance Benefits. 
 (ii)     If Employee violates any of
Employee’s obligations set forth in Sections 5, 6, 7, 8 or 9 of this Agreement, Employer after becoming aware of such violation may provide written notice of such violation or breach to Employee and request repayment of Severance Benefits.
Employee agrees that, in the event of such a violation, within thirty (30) days after the date Employer provides notice to Employee, Employee shall pay to Employer, in a form acceptable to Employer, a dollar amount equal to any Severance
Benefits paid to or on behalf of Employee pursuant to this Agreement. The parties agree that during the thirty (30) day period, they will use their best efforts to resolve the issues. Employee agrees that failure to make such timely payment to
Employer constitutes an independent and material breach of the terms and conditions of this Agreement, for which Employer may seek recovery of the unpaid amount as liquidated damages, in addition to all other rights and remedies that Employer may
have resulting from Employee’s breach of the obligations set forth in Sections 5, 6, 7, 8 or 9 of this Agreement. Employee agrees that timely payment to Employer as set forth in this Section 10(g)(ii) is reasonable and necessary because
the compensatory damages that will result from breaches of Sections 5, 6, 7, 8 or 9 of this Agreement cannot readily be ascertained. Further, Employee agrees that timely payment to Employer as set forth in this Section 10(g)(ii) is not a
penalty, and it does not preclude Employer from seeking all other remedies including injunctive relief that may be available to Employer. 

(h)    Section 409A/Termination of Employment. The provisions of this Agreement will be administered,
interpreted and construed in a manner intended to comply with Section 409A of the IRC (“Section 409A”), the regulations issued thereunder or any exception thereto (or disregarded to the extent such provision
cannot be so administered, interpreted, or construed). 
 (i)      For purposes of the
Agreement, Employee shall be considered to have experienced a termination of employment only if Employee has terminated employment with Employer and all of its controlled group members within the meaning of Section 409A. For purposes hereof,
the determination of controlled group members shall be made pursuant to the provisions of Sections 414(b) and 414(c) of the IRC; provided that the language “at least 50 percent” shall be used instead of “at least 80 percent” in
each place it appears in Section 1563(a)(1),(2) and (3) of the IRC and Treas. Reg. § 1.414(c)-2; provided, further, where legitimate business reasons exist (within the meaning of Treas. Reg.
§ 1.409A-1(h)(3)), the language “at least 20 percent” shall be used instead of “at least 80 percent” in each place it appears. Whether Employee’s employment has been terminated
shall be determined by all of the facts and circumstances and in accordance with the guidance issued under Section 409A of the IRC. 

(ii)     For purposes of Section 409A, each severance benefit payment shall be treated as
a separate payment. Each payment under this Agreement is intended to be excepted from Section 409A to the maximum extent provided under Section 409A as follows: (1) each payment that is scheduled to be made following Employee’s
termination date and within the applicable two and one-half (21⁄2) month period specified in Treas. Reg. § 1.409A-1(b)(4) is intended to be excepted under the short-term deferral exception as specified in Treas. Reg. § 1.409A-1(b)(4); (2)

  
 Page 9 of 22 

 
post-termination medical benefits are intended to be excepted under the medical benefits exception as specified in Treas. Reg. § 1.409A-1(b)(9)(v)(B);
and (3) each payment that is not otherwise excepted under the short-term deferral exception or medical benefits exception is intended to be excepted under the involuntary pay exception as specified in Treas. Reg. § 1.409A-1(b)(9)(iii). Employee shall have no right to designate the date of any payment under this Agreement. 

(iii)    With respect to payments subject to Section 409A (and not excepted therefrom), if any,
it is intended that each payment is paid on permissible distribution event and at a specified time consistent with Section 409A. Employer reserves the right to accelerate and/or defer any payment to the extent permitted and consistent with
Section 409A. Notwithstanding any provision of this Agreement to the contrary, to the extent that a payment hereunder is subject to Section 409A (and not excepted therefrom) and payable on account of a termination of employment, such
payment shall be delayed for a period of six months after the date of termination (or, if earlier, the death of the Employee) if the Employee is a “specified employee” (as defined in Section 409A and determined in accordance with the
procedures established by Employer). Any payment that would otherwise have been due or owing during such six (6) month period will be paid immediately following the end of the six (6) month period in the month following the month
containing the six (6) month anniversary of the date of termination. 

(i)      Definitions. For purposes of this Agreement, the following definitions shall have the
following meanings: 
 (i)    “Average Annual Income” means an amount equal to
(A) the sum of Employee’s annual base salary and annual cash bonuses for the three (3) fiscal years of Employer preceding the date of Employee’s termination of employment divided by (B) three (3). 

(ii)     “Cause” shall mean a determination by the Board of Directors, in the
exercise of its reasonable judgment that any of the following has occurred: 

(1)      the willful and continued failure by Employee to perform Employee’s duties
and responsibilities with Employer under the Agreement (other than any such failure resulting from incapacity due to physical or mental illness or disability) which is not cured within thirty (30) days of receiving written notice from Employer
specifying in reasonable detail the duties and responsibilities which Employer believes are not being adequately performed; 

(2)      the willful engaging by Employee in any act which is materially damaging to
Employer; 
 (3)      the conviction of Employee of, or a plea of “guilty” or
“no contest” to: (A) any felony; or (B) a criminal offense involving fraud, dishonesty or other moral turpitude; 

(4)      any material breach by Employee of the terms of the Agreement; or 

(5)      the engaging by Employee in any intentional act of dishonesty resulting or
intended to result, directly or indirectly, in personal gain to Employee at Employer’s expense. 

  
 Page 10 of 22 

 (iii)     “Change in
Control” shall be deemed to have occurred when: 
 (1)    Employer is merged or
consolidated with another entity the result of which is that immediately following such transaction (A) the persons who were the shareholders of Employer immediately prior to such transaction have less than a majority of the voting power of
Employer or the entity owning or controlling Employer; or (B) the individuals who comprised the Board of Directors of Employer immediately prior to such transaction cease to be at least a majority of the members of the Board of Directors of
Employer or of the entity controlling Employer, or 
 (2)    a majority of Employer’s assets
are sold or otherwise transferred to another corporation not controlled by or under common control with Employer or to a partnership, firm, entity or one or more individuals not so controlled, or 

(3)    a majority of the members of Employer’s Board of Directors consists of persons who were
not nominated for election as directors by or on behalf of Employer’s Board of Directors or with the express concurrence of the Employer’s Board of Directors, or 

(4)      a single person, or a group of persons acting in concert, obtains voting control
over a majority of Employer’s outstanding voting shares. 
 (iv)   “Equity Award”
means an award granted to Employee covering the common stock of Employer, including stock options, restricted stock, restricted stock units, and performance stock units, granted under any equity incentive plan maintained by Employer from time to
time, including: (1) the II-VI Incorporated 2005 Omnibus Incentive Plan, (2) the II-VI Incorporated 2009 Omnibus Incentive Plan, (3) the II-VI Incorporated Second Amended and Restated 2012 Omnibus Incentive Plan, (4) the II-VI Incorporated 2018 Omnibus Incentive Plan, or (5) any successor plan(s)
thereto. 
 (v)    “Equity Award Agreement” means the agreement evidencing, and
governing the terms of, an Equity Award. 
 (vi)    “Good Reason” means, without
Employee’s express written consent: 
 (1)      a reduction in title or position;

 (2)      a material reduction of Employee’s employment responsibilities; 

(3)      a material reduction by Employer of (i) Employee’s annual rate of base
salary, (ii) Employee’s target Total Direct Compensation under Section 3(a) to a level below 50th percentile of the Employer’s compensation competitor group as determined by the Board of Directors from time to time, or
(iii) the annual Employer contribution under the Deferred Compensation Plan under Section 3(b), in each case as provided as in effect immediately prior to such reduction; 

  
 Page 11 of 22 

 (4)      a material increase in the
amount of Employee’s business travel which produces a constructive relocation of Employee; or 

(5)      a material reduction by Employer in the kind or level of employee benefits to
which Employee is entitled immediately prior to such reduction with the result that Employee’s overall benefits package is significantly reduced. 

In order for Employee to terminate for Good Reason: Employer must be notified by Employee in writing within ninety (90) days of the
event constituting Good Reason; the event must remain uncorrected by Employer for thirty (30) days following such notice (the “Notice Period”); and such termination must occur within sixty (60) days after the expiration of
the Notice Period. 
 (vii)   “Healthcare Coverage” means coverage for Employee and
his tax-qualified dependents under Employer’s group health plan that provides medical care (including group dental and vision), based on the applicable plans and Employee’s coverage elections in
effect immediately prior to the Employee’s date of termination of employment. Employer’s group health plan does not include other benefits offered under an Employer welfare plan such as life insurance and disability insurance. 

11.     Remedies. 

(a)      Arbitration. Except to the extent set forth in Section 11(b) below, any dispute
arising out of or relating to this Agreement or the breach, termination or validity hereof shall be finally settled by arbitration conducted expeditiously in accordance with the rules of the American Arbitration Association by three independent and
impartial arbitrators. Each party shall appoint one of such arbitrators, and the two arbitrators so appointed shall appoint the third arbitrator. The arbitration shall be governed by the United States Arbitration Act, 9 U.S.C. §§ 1-16, and judgment on the award rendered by the arbitrators may be entered by any court having jurisdiction thereof. The place of arbitration shall be Pittsburgh, Pennsylvania. The arbitrators are not empowered to
award damages in excess of economic and compensatory damages. 
 (b)      Injunctive Relief. It
is agreed by the parties hereto that any violation by Employee of any of the covenants contained in Sections 5, 6, 7, 8 or 9 herein would cause immediate, material and irreparable harm to Employer and/or its Affiliates which may not be adequately
compensated for by money damages and, therefore, Employer and/or its Affiliates shall be entitled to injunctive relief (including, without limitation, one or more preliminary injunctions and/or ex parte restraining orders) in addition to, and not in
derogation of, any other remedies provided by law, in equity or otherwise for such a violation including, but not limited to, the right to have such covenants specifically enforced by any court of competent jurisdiction and the right to require
Employee to account for and pay over to Employer and/or its Affiliates all benefits derived or received by Employee as a result of any such breach of covenant together with interest thereon, from the date of such initial violation until such sums
are received by Employer and/or its Affiliates. The Restricted Period set forth herein shall be extended by any period of time in which Employee is in breach of the covenants contained in Sections 5, 6, 7, 8 or 9 of this Agreement and for any
period of time which may be necessary to secure an order of court or injunction, either temporary or permanent, to enforce any of the covenants contained in Sections 5, 6, 7, 8 or 9 of this Agreement. 

  
 Page 12 of 22 

 (c)      Employee Acknowledgment. Employee
acknowledges and agrees that the periods of restriction and geographical areas of restriction imposed by the confidentiality and non-competition covenants of this Agreement are fair and reasonably required for
the protection of Employer and its Affiliates. 
 12.     Severability. In the event that, and if for
any reason, any portion of this Agreement shall be held to be invalid or unenforceable, it is agreed that the remaining covenants and restrictions or portions thereof shall remain in full force and effect, and that if the validity or
unenforceability is due to the unreasonableness of the time or geographical area covered by said covenants and restrictions, said covenants and restrictions of this Agreement shall nevertheless be effective for such period of time and for such area
as may be determined to be reasonable by a Court of competent jurisdiction. 
 13.     Disparaging
Statements. Both parties agree not to make any disparaging statements that reflect negatively on the reputation or good name of the other. 

14.     Entire Agreement; Amendments; No Waiver. This Agreement supersedes the Prior Agreement and any
and all other agreements, either oral or in writing, between the parties hereto with respect to the employment of Employee by Employer and contains all of the covenants and agreements between the parties with respect to such employment in any manner
whatsoever, provided that this Agreement does not supersede, replace or modify in any respect any indemnification agreement between Employer and Employee. No alterations, amendments, changes or additions to this Agreement will be binding upon either
Employer or Employee unless in writing and signed by both parties. No waiver of any right arising under this Agreement made by either party will be valid unless set forth in writing signed by both parties. Notwithstanding the foregoing or any
provision of this Agreement to the contrary, Employer may at any time (after consultation with Employee) modify, amend or terminate any or all of the provisions of this Agreement or take any other action, to the extent necessary or advisable to
conform the provisions of this Agreement or the benefits provided thereunder with Section 409A, the regulations issued thereunder or an exception thereto. 

15.    Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the
Commonwealth of Pennsylvania, without reference to its conflict of laws provisions. 

16.     Employee’s Representations. Employee warrants and represents that, to the best of
Employee’s knowledge, Employee has provided Employer with copies of all agreements with previous employers that may still be applicable and that Employee’s performance under this Agreement will not violate any agreement to which Employee
is a party and that Employee will not bring any materials which are proprietary to a third party to Employer without the prior written consent of such third party. 

17.    Binding Effect. This Agreement is binding upon the parties hereto and on their respective heirs,
personal representatives, successors and assigns. Employee agrees that the obligations contained in Sections 5, 6, 7, 8 and 9 of this Agreement will survive the termination of this Agreement. 

18.      Assignment. Employee’s rights and obligations under this Agreement shall not be
transferable by Employee, by assignment or otherwise, and any purported assignment, transfer or delegation thereof by Employee shall be void. Employer may assign/delegate all or any portion of this Agreement whereupon Employee shall continue to be
bound hereby with respect to such assignee/delegatee, without prior notice to Employee and without need of Employee’s consent thereto. In addition to and without limiting the Employer’s right to assign, transfer, or convey this Agreement
or any portion of it, Employee recognizes that Employer may assign the Employee temporarily or permanently to one or more Affiliates of Employer. In such event, all of Employee’s duties under this Agreement shall apply with equal force to the
Affiliate(s), and the Affiliate(s) shall be empowered to stand in the shoes of the Employer for purposes of enforcing this Agreement. 

  
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 19.     Counterparts. This Agreement may be executed
in multiple counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

[SIGNATURES ON NEXT PAGE] 

  
 Page 14 of 22 

 IN WITNESS WHEREOF, the parties hereto intending to be legally bound have set their
hands and seals the day and year first above written. 
  

	
	 II-VI INCORPORATED

	
	 By: /s/ Walter R. Bashaw II            

	       Walter R. Bashaw II, President

	
	 EMPLOYEE:

	
	 /s/ Vincent D. Mattera, Jr.            

	 Vincent D. Mattera, Jr.

  
 Page 15 of 22 

 Exhibit 1 
  

	1.	 Total Direct Compensation for Fiscal Year 2023 (July 1, 2022 - June 30, 2023) 

Target Total Direct Compensation on an annualized basis of $12,000,000, as follows: 

 

							
	Compensation
Element	  	  

FY23
 Target

Amount
	 	  	Comment
	 	 	 
	
Base Salary
	  	 	$1,125,000	 	  	This amount is between 50th and 75th percentile CEO base salary versus approved compensation competitor group (based on the combined business following the closing of the Coherent acquisition). This change is effective July 1,
2022.
	 	 	 
	
Target STI
  

    BIP
  

    GRIP
  

    Total
	  	   

  

	 $90,000 

$2,160,000
  

$2,250,000
	   

 
  

 
	  	 BIP based on standard target of 8% of
base salary
  
     

 
 Total STI target equals 200% of base salary

	 	 	 
	
Equity
	  	 	$8,625,000	 	  	Awarded 60% time-vesting restricted shares and 40% performance shares, on the date approved by the Compensation
Committee of the Board of Directors, following standard practice for determining number of shares/options, standard vesting conditions and standard award agreement forms as generally applicable to senior executive officers and approved by the Board
of Directors (does not include Coherent closing award made on July 1, 2022)
	 	 	 
	
TDC
	  	 	$12,000,000	 	  	FY23 target amount determined by Board of Directors, with advice and analysis of compensation consultant, approximates
50th percentile versus approved compensation competitor group (based on the combined business following the closing of the Coherent acquisition)

  
 Page 16 of 22 

 Exhibit 2 

Form of Release 
 AGREEMENT AND
GENERAL RELEASE 
 THIS AGREEMENT (“Agreement”) dated as of the ______ day of ___________, 20____, 

BY AND BETWEEN 
 II-VI INCORPORATED, 
 a Pennsylvania corporation (“Employer”) 

AND 
 _______________________________,
an individual, (“Employee”) 
 W I T N E S E T H: 

WHEREAS, Employee has been employed by Employer as a _____________; 

WHEREAS, effective as of ___________, 20__ (the “Separation Date”), Employee’s position with Employer has been
terminated; and 
 WHEREAS, the parties desire to meet and conclude certain aspects of the employment relationship. 

NOW, THEREFORE, in consideration of the mutual covenants herein contained and intending to be legally bound hereby, the parties
hereto for themselves and their respective heirs, personal representatives, successors and assigns, hereby agree as follows: 

1.      Releases. 

(a)    Employee, for Employee and Employee’s heirs, administrators, and assigns, irrevocably and
unconditionally generally releases and forever discharges any causes of action or claims, known or unknown (including, but not limited to, claims for attorneys’ fees, expenses and/or costs) that Employee has or may have against
(a) Employer, (b) its or their past or present parents, affiliates or subsidiaries and/or any of their predecessors or successors and (c) the current and former directors, owners, administrators, shareholders, managers, agents, and
officers of Employer (collectively referred to as “Company”) and expressly waives and releases Company from any and all claims, grievances, actions and causes of action, at law or in equity, contract or tort, including negligence, or any
other cause or claim that has or may have or could be brought before any federal, state, local or municipal court directly or indirectly relating to or connected with Employee’s employment with Company, Employee’s termination from
employment with Company, or the facts, circumstances, actions or inactions arising out of or relating to any aspect of Company’s treatment of Employee until the date of this Agreement. Without limitation of the foregoing general terms, this
release includes, but is not limited to, claims (including for costs and 

  
 Page 17 of 22 

 
attorneys’ fees) arising from any alleged violation of any federal, state or local statutes, ordinances, executive orders, or common law principles relating to tort law, education,
employment, the payment of wages and benefits, educational benefits, training, or any other claims relating to or arising from, in connection with or during Employee’s employment and/or affiliation with Company, including but not limited to,
claims arising under the Civil Rights Act of 1964 as amended, including Title IX, 20 U.S.C. § 1687, Title VI, 42 U.S.C. § 2000(d), and Title VII of the Civil Rights Act, as amended, the Americans with Disabilities Act, as amended, the
Rehabilitation Act of 1973, the Civil Rights Acts of 1866 and 1871, the Civil Rights Act of 1991, the Employment Retirement Income Security Act (ERISA), the Age Discrimination in Employment Act, as amended (ADEA), the Consolidated Omnibus Budget
Reconciliation Act of 1985 (COBRA), the Equal Pay Act of 1963, the Older Workers Benefit Protection Act, the Family and Medical Leave Act (FMLA), whistle-blower, and any and all common law claims, including but not limited to, all other forms of
employment discrimination, wrongful termination, retaliatory discharge, breach of express, implied, or oral contact, interference with contractual relations, commission of tort, fraud, defamation, and slander based on any act, transaction,
circumstance or event contemporaneous with, or prior to, the date of this Agreement. This release also expressly includes any pension or benefit plans of Company and/or the past or present officers, directors, trustees, administrators, agents and
employees of Company or of any Company benefit plan, for any actions up to and including the date hereof and the continuing efforts thereof, except for the performance of the provisions of this Agreement and except for the payment of any vested
pension benefits to which Employee may be entitled, if any, under the express provisions of the Company pension plan, subject to ERISA’s vesting requirements. It is the intention of Employee to effect a general release of all actual and
potential claims as of the date of this Agreement. Provided, however, that nothing contained in this Agreement shall prevent Employee from challenging the validity and legality of the release under the ADEA. 

(b)      Employee agrees that Employee will not initiate or cause to have initiated or be a party to any
legal action against Employer, except to the extent necessary to enforce any remaining aspect of the Agreement or as specifically excluded in this Paragraph 1(b) or in Paragraph 1(a) above. In the event that Employee brings or causes to bring any
action against Company that Employee has agreed in the preceding sentence not to bring or should Company prevail in any claim of a breach of this Agreement, Employee will indemnify and hold the Company harmless from and against all costs incurred in
connection with defense or prosecution of the legal action, including attorneys’ fees. Company will be entitled to all damages available at law or equity in addition to its costs of defending or prosecuting such action. The Employee’s
right to file a charge of discrimination with the Equal Employment Opportunity Commission or similar agency and Employee’s right to challenge the validity and legality of the release in paragraph 1(a) under the ADEA are expressly excluded from
the Employee’s promise not to bring any legal action against the Company. However, if any charge, complaint, lawsuit or administrative claim is filed by or in the name of Employee or on Employee’s behalf with the Equal Employment
Opportunity Commission, the Pennsylvania Human Relations Commission, or any other similar administrative agency or organization, or in any other forum, against any of the persons or entities released in this Agreement, based upon any act or event
which occurred on or before the date Employee signed this Agreement, Employee will not seek or accept any personal relief, including but not limited to any award of monetary damages or reinstatement to Employee’s employment with Employer.
(Provided, however, that this provision shall not apply to a claim for damages under the ADEA in the event that the Agreement is declared invalid with respect to the waiver of all ADEA claims. If successful on such a claim, however, any monetary
damages obtained by Employee shall be offset by the monies paid under the Agreement, together with all allowable interest thereon.) 

  
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 (c)      As of the date of execution of this Agreement,
the Employee represents and warrants that Employee knows of no work-related injury, illness, or condition sustained during Employee’s employment with Employer. As of the date of execution of this Agreement, Employee further represents and
warrants that Employee knows of no condition or event that would entitle him to benefits under the FMLA. 

(d)       As of the Separation Date, Employee has ___________ (____) earned and unused vacation
days, having a gross value of ________________________ ($________). This amount, from which all required taxes and withholdings shall be deducted, shall be paid in the Employee’s final paycheck as an active employee. Employee acknowledges that
with the payments set forth in this Paragraph 1(d), the Employer shall have paid him in full. The Employee also represents that Employee knows of no claim that would entitle him to relief under the Fair Labor Standards Act. 

(e)      Employee agrees that the payment set forth in Section 2(a) below exceeds any amounts
Employee is entitled to receive and shall be sufficient consideration for all of the Employee’s agreements, obligations, covenants, and releases contained in this Agreement. Employee further agrees that the Employer has no plan or practice of
paying severance covering Employee. 
 (f)      Effective _____________, neither party shall be
required to perform under any agreement related or ancillary to Employee’s employment with Employer, including, without limitation, __________, except as expressly set forth in this Agreement. Employee shall cease to perform any duties for the
Employer, and shall cease to represent that Employee is a current employee of Employer, effective _________________. 
  

	 	2.	 Wage Payments, Severance Payments and Benefits. 

In consideration of the representations and covenants of Employee contained in this Agreement, Employer agrees to do the following: 

(a)      Employer shall pay Employee the severance payments and benefits specified in the Employment
Agreement between Employer and Employee dated January __, 2020, as the same may be amended from time to time (the “Employment Agreement”). 

(b)      Employer agrees not to contest Employee’s application for unemployment compensation unless
(i) Employee becomes employed; or (ii) the Employee provides inaccurate information in Employee’s application for benefits. The parties agree that the reason for Employee’s unemployment for purposes of seeking unemployment
compensation benefits shall be “_______________.” 
 (c)         Nothing
contained in this Agreement or the payments and benefits contemplated in it shall be interpreted to be inconsistent with the fact that Employee’s employment with Employer was terminated for all purposes on the Separation Date. Employee further
acknowledges that the payments set forth in Paragraph 2 do not constitute any type of admission by Employer. 

  
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	 	3.	 Returning Company’s Property and Maintaining Confidentiality. 

Employee agrees to return all Company property and confidential and proprietary information which may be in Employee’s possession
including, but not limited to supplier lists, proprietary, confidential or secret information, customer lists, customer file information, product information and data, financial matters, competitive status, organizational matters, technical
capabilities, marketing and distribution plans, customer or supplier data, strategies, processes, books, computer hardware, software, diskettes, notes, reports, work products, and any other information prepared for Employer by him or at
Employee’s or Employer’s direction (collectively, “confidential and proprietary information”). Employee shall also delete all confidential and proprietary information from any personal electronic files, including, without
limitation, information or files maintained in any personal computer, PDA, blackberry or other electronic device. Such deletions shall be done in a manner that will not allow them to be recovered or duplicated. All such property shall be returned
and deletions made by the Effective Date. Employee further agrees not to use or apply confidential and proprietary information for Employee’s own advantage or for the benefit of any person or entity except Employer and its affiliates and agrees
not to disclose, divulge or disseminate confidential and proprietary information or any other customer or product information to anyone not affiliated with Employer, except with the prior written consent of Employer. Employee also agrees to provide
Employer with all passwords that Employee uses in connection with Employee’s employment to allow Employer to have access to all information to which Employee has access and to comply with all exit routines, including check lists, that the
Employer normally uses in connection with terminations from employment. 
  

	 	4.	 Opportunity to Review and Revoke. 

Employee acknowledges that this Agreement contains a complete waiver and release of claims of age discrimination under, among other
statutes, the ADEA and that Company offered Employee a period of at least twenty-one (21) days (or, if required by law, forty-five (45) days) within which to consider this Agreement. Employee
acknowledges that 21 days (or 45 days, if applicable) is a reasonable period of time to review this Agreement, but that Employee may voluntarily elect to sign this Agreement earlier. Employee further acknowledges that Employee has been advised and
has had a full and fair opportunity to consult with an attorney of Employee’s choosing. Within a period of seven (7) days following the execution of this Agreement, Employee may revoke this Agreement by delivery (in person or by certified
mail) of a written notice revoking the same, to the Vice President, Human Resources, II-VI Incorporated, 375 Saxonburg Boulevard, Saxonburg, PA 16056. The notice must be received within the said seven
(7) day period. This Agreement shall not become effective or enforceable until that date on which the seven-day revocation period has expired without a revocation of this Agreement (the “Effective
Date”). Employee fully understands the terms and significance of this Agreement including the release contained within it, and Employee particularly understands that Employee is waiving and releasing any and all claims against the Company. 

 

	 	5.	 Continuation of Restrictive Covenants. 

Employee acknowledges and agrees that Employee remains subject to the covenants set forth in Sections 5, 6, 7, 8 and 9 of the
Employment Agreement. 

  
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	 	6.	 Non-Disclosure. 

Employee agrees to keep confidential and not discuss, disclose, or reveal, directly or indirectly, the terms of this Agreement to any
person, corporation, or entity with the exception of the members of Employee’s immediate family, any person from whom Employee legitimately seeks financial or tax advice, and/or any person consulted by Employee prior to Employee signing this
Agreement to understand the interpretation, application, or legal effect of this Agreement, who (prior to disclosure to them) shall likewise agree to maintain the confidentiality of this Agreement. It shall be deemed a material breach of this
Agreement for Employee to disclose or reveal the existence of this Agreement or any of the terms hereof to anyone in violation of the confidentiality provisions of this Agreement, provided, however, that nothing in this Agreement prohibits Employee
from reporting possible violations of federal law or regulation to any governmental agency or entity, including but not limited to the Department of Justice, the Securities and Exchange Commission, the Congress, and any agency Inspector General, or
making other disclosures that are protected under the whistleblower provisions of federal law or regulation. Employee does not need the prior authorization of the Company to make any such reports or disclosures and Employee is not required to notify
the Company that he has made such reports or disclosures. 
  

	 	7.	 Miscellaneous. 

(a)      There are no understandings between the parties regarding this Agreement other than as
specifically set forth herein and there have been no promises, inducements or commitments made to or by Employer in conjunction with this Agreement that are not explicitly set forth herein. 

(b)      This Agreement may be executed in counterparts, each of which shall be deemed an original, but
all of which together shall constitute one and the same instrument. 
 (c)      This Agreement
supersedes any and all other agreements, either oral or in writing, between the parties hereto with respect to the employment of Employee by Employer and the termination of such employment and contains all of the covenants and agreements between the
parties with respect to such employment and the termination thereof, provided that this Agreement does not supersede, replace or modify in any respect any indemnification agreement between Employer and Employee. No alterations, amendments, changes
or additions to this Agreement will be binding upon either Employer or Employee unless reduced to writing and signed by both parties. No waiver of any right arising under this Agreement made by either party will be valid unless given in writing and
signed by both parties. 
 (d)      This Agreement is binding upon the parties hereto and their
respective heirs, personal representatives, successors, affiliates and assigns. 
 (e)       By
Employee’s execution of this Agreement, Employee expressly understands, covenants and agrees that Employee will not apply for or seek in any way to be employed, hired, recalled or reinstated by the Company now or in the future; and Employee
covenants and agrees that Company will not ever be obligated to employ or reemploy him or engage Employee’s services. 

(f)       The provisions, including individual terms and phrases, of this Agreement are severable.
Any provision of this Agreement or portion thereof which is held to be prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability, without invalidating the
remaining portion of any such provision or this Agreement as a whole, and without affecting the validity or enforceability of such provision in any other jurisdiction. 

  
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 (g)      All parties represent and warrant that each is
fully capable of performing all obligations required under this Agreement and has not assigned or otherwise alienated any right or obligation that in any manner would reduce or undermine the full implementation and effect of this Agreement. 

 

	 	8.	 Right to Seek Counsel of Attorney. 

EMPLOYEE ACKNOWLEDGES THAT EMPLOYEE HAS FULLY READ AND FULLY UNDERSTOOD THIS AGREEMENT; THAT EMPLOYEE ENTERED INTO IT FREELY AND
VOLUNTARILY AND WITHOUT COERCION OR PROMISES NOT CONTAINED IN THIS AGREEMENT; THAT EMPLOYEE WAS GIVEN THE OPPORTUNITY TO REVIEW THIS AGREEMENT WITH LEGAL COUNSEL OF EMPLOYEE’S CHOICE BEFORE SIGNING IT, AND THAT EMPLOYEE WAS ENCOURAGED AND
ADVISED IN WRITING TO CONSULT WITH AN ATTORNEY PRIOR TO SIGNING IT. 
 IN WITNESS WHEREOF, the parties hereto intending to
be legally bound have set their hands and seals on this date, ______________, 20___. 
  

							
	 [EMPLOYEE]
	 		 		 	 II-VI INCORPORATED

				
	
                        
                                    
	 		 		 	
By:                        
                                    

  
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