Document:

Exhibit 10.2

 Exhibit 10.2 
  
  

  
 CYTYC CORPORATION 
  
 2004 EMPLOYEE STOCK PURCHASE PLAN 
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page

	 1.
	  	DEFINITIONS	  	1
	 2.
	  	SHARES SUBJECT TO THE PLAN.	  	1
	 3.
	  	ADMINISTRATION.	  	2
	 4.
	  	INTERPRETATION.	  	2
	 5.
	  	ELIGIBLE EMPLOYEES.	  	2
	 6.
	  	PARTICIPATION IN THE PLAN.	  	2
	 7.
	  	OFFERINGS.	  	2
	 8.
	  	PURCHASE PERIODS.	  	2
	 9.
	  	RIGHTS TO PURCHASE COMMON STOCK; PURCHASE PRICE.	  	2
	 10.
	  	TIMING OF PURCHASE	  	3
	 11.
	  	PURCHASE LIMITATION	  	3
	 12.
	  	ISSUANCE OF STOCK CERTIFICATES AND SALE OF PLAN SHARES.	  	3
	 13.
	  	WITHHOLDING OF TAXES.	  	3
	 14.
	  	ACCOUNT STATEMENTS.	  	4
	 15.
	  	PARTICIPATION ADJUSTMENT.	  	4
	 16.
	  	CHANGES IN ELECTIONS TO PURCHASE.	  	4
	 	  	a.  Ceasing Payroll Deductions or Periodic Payments	  	4
	 	  	b.  Decreasing Payroll Deductions During a Purchase Period	  	4
	 	  	c.  Modifying Payroll Deductions or Periodic Payments at the Start of a Purchase Period	  	4
	 17.
	  	TERMINATION OF EMPLOYMENT.	  	4
	 18.
	  	LEAVE OF ABSENCE.	  	5
	 19.
	  	FAILURE TO MAKE PERIODIC CASH PAYMENTS.	  	5
	 20.
	  	TERMINATION OF PARTICIPATION.	  	5
	 21.
	  	ASSIGNMENT.	  	5
	 22.
	  	APPLICATION OF FUNDS.	  	5
	 23.
	  	NO RIGHT TO CONTINUED EMPLOYMENT.	  	5
	 24.
	  	AMENDMENT OF PLAN.	  	5
	 25.
	  	TERM AND TERMINATION OF THE PLAN.	  	6
	 26.
	  	EFFECT OF CHANGES IN CAPITALIZATION.	  	6
	 	  	a.  Changes in Stock.	  	6
	 	  	b.  Reorganization in Which the Company Is the Surviving Corporation.	  	6
	 	  	 c.  Reorganization in Which the Company Is Not the Surviving Corporation, Sale of Assets or Stock, and other Corporate
Transactions.
	  	6
	 	  	d.  Adjustments.	  	7
	 	  	e.  No Limitations on Company.	  	7
	 27.
	  	GOVERNMENTAL REGULATION.	  	7
	 28.
	  	STOCKHOLDER RIGHTS.	  	7
	 29.
	  	RULE 16B-3.	  	7
	 30.
	  	PAYMENT OF PLAN EXPENSES.	  	7

  

 -i- 

 CYTYC CORPORATION 
 2004 EMPLOYEE STOCK PURCHASE PLAN 
  
 The Board of Directors of the Company has adopted this 2004 Employee Stock Purchase Plan to enable eligible employees of the Company and its Participating Affiliates, through payroll deductions or other cash
contributions, to purchase shares of the Company’s Common Stock. The Plan is for the benefit of the employees of the Company and any Participating Affiliates. The Plan is intended to benefit the Company by increasing the employees’
interest in the Company’s growth and success and encouraging employees to remain in the employ of the Company or its Participating Affiliates. The provisions of the Plan are set forth below: 
  
 1.    DEFINITIONS 
  
 1.1. “Board” means the Board of Directors of the Company.

  
 1.2. “Code” means the Internal Revenue Code
of 1986, as amended. 
  
 1.3. “Committee” means a
committee of, and designated from time to time by resolution of, the Board. 
  
 1.4. “Common Stock” means the Company’s common stock, par value $0.01 per share. 
  
 1.5. “Company” means Cytyc Corporation. 
  
 1.6. “Effective Date” means March 24, 2004, the date the Plan is approved by the Board. 
  
 1.7. “Fair Market Value” means the value of each share of
Common Stock subject to the Plan on a given date determined as follows: if on such date the shares of Common Stock are listed on an established national or regional stock exchange, are admitted to quotation on The Nasdaq Stock Market, or are
publicly traded on an established securities market, the fair market value of the shares of Common Stock shall be the closing price of the shares of Common Stock on such exchange or in such market (the exchange or market selected by the Board if
there is more than one such exchange or market) on such date or, if there is no such reported closing price, the fair market value shall be the mean between the highest bid and lowest asked prices or between the high and low sale prices on such day
or, if no sale of the shares of Common Stock is reported for such day, on the next preceding day on which any sale shall have been reported. If the shares of Common Stock are not listed on such an exchange, quoted on such system or traded on such a
market, fair market value shall be determined by the Board in good faith. 
  
 1.8. “Participating Affiliate” means any company or other trade or business that is a subsidiary of the Company (determined in accordance with the principles of Sections 424(e) and (f) of the Code and
the regulations thereunder). 
  
 1.9. “Plan”
means the Cytyc Corporation 2004 Employee Stock Purchase Plan. 
  
 1.10. “Purchase Period” means the period determined by the Committee pursuant to Section 8 during which payroll deductions or other cash payments are accumulated for the purpose of purchasing Common Stock under the
Plan and on the last trading day of which purchases of Common Stock are made under the Plan. 
  
 1.11. “Purchase Price” means the purchase price of each share of Common Stock purchased under the Plan. 
  
 2.    SHARES SUBJECT TO THE PLAN. 
  
 Subject to adjustment as provided in Section 26 below, the aggregate number of shares of Common Stock that may be made available for purchase by
participating employees under the Plan is two million (2,000,000). The shares issuable under the Plan may, in the discretion of the Board, be authorized but unissued shares, treasury shares, or shares purchased on the open market. 
  

 1 

 3.    ADMINISTRATION. 
  
 The Plan shall be administered under the direction of the Committee. No member of the Board or the Committee shall be liable
for any action or determination made in good faith with respect to the Plan. 
  
 4.    INTERPRETATION. 
  
 It
is intended that the Plan will meet the requirements for an “employee stock purchase plan” under Section 423 of the Code, and it is to be so applied and interpreted. Subject to the express provisions of the Plan, the Committee shall have
authority to interpret the Plan, to prescribe, amend and rescind rules relating to it, and to make all other determinations necessary or advisable in administering the Plan, all of which determinations will be final and binding upon all persons.

  
 5.    ELIGIBLE EMPLOYEES. 
  
 Any employee of the Company or any of its Participating Affiliates may
participate in the Plan, except the following, who are ineligible to participate: (i) an employee who has been employed by the Company or any of its Participating Affiliates for less than ninety days as of the beginning of a Purchase Period; (ii) an
employee whose customary employment is 20 hours or less per week; and (iii) an employee who, after exercising his or her rights to purchase shares under the Plan, would own shares of Common Stock (including shares that may be acquired under any
outstanding options) representing five percent or more of the total combined voting power of all classes of stock of the Company. The Board may at any time in its sole discretion, if it deems it advisable to do so, terminate the participation of the
employees of a particular Participating Affiliate. 
  
 6.    PARTICIPATION IN THE PLAN. 
  
 An eligible employee may become a participating employee in the Plan by completing an election to participate in the Plan on a form provided by the Company and submitting that form to the Payroll Department of the Company. The form will
authorize: (i) payment of the Purchase Price by payroll deductions, and if authorized by the Committee, payment of the Purchase Price by means of periodic cash payments from participating employees, and (ii) the purchase of shares of Common Stock
for the employee’s account in accordance with the terms of the Plan. Enrollment will become effective upon the first day of a Purchase Period. 
  
 7.    OFFERINGS. 
  
 At the time an eligible employee submits his or her election to participate in the Plan (as provided in Section 6 above), the employee shall elect
to have deductions made from his or her pay on each pay day following his or her enrollment in the Plan, and for as long as he or she shall participate in the Plan. The deductions will be credited to the participating employee’s account under
the Plan. No interest shall accrue on the payroll deductions of a participating employee. Pursuant to Section 6 above, the Committee shall also have the authority to authorize in the election form the payment for shares of Common Stock
through cash payments from participating employees. An employee may not during any Purchase Period change his or her percentage of payroll deduction for that Purchase Period, nor may an employee withdraw any contributed funds, other than in
accordance with Sections 16 through 20 below. 
  
 8.    PURCHASE PERIODS. 
  
 The commencement date and duration of the Purchase Periods shall be determined by the Committee; provided, that, the duration of each Purchase Period shall not exceed 27 months. The first Purchase Period under the Plan shall
commence on the date determined by the Committee. 
  
 9.    RIGHTS TO PURCHASE COMMON STOCK; PURCHASE PRICE. 
  
 Rights to purchase shares of Common Stock will be deemed granted to participating employees as of the first trading day of each Purchase Period. The Purchase Price of each share of Common Stock shall be the lesser of
85 percent of the Fair Market Value of the Common Stock (i) on the first trading day of the Purchase Period or 

  

 2 

 
(ii) on the last trading day of the Purchase Period; provided, further, that in no event shall the Purchase Price be less than the par
value of the Common Stock. The Committee may change the Purchase Price, including a reduction or elimination of the 15 percent discount; provided, however that any such change in the Purchase Price shall become effective as of the
first day of the next following Purchase Period, unless a change is required sooner by any governmental or regulatory body. 
  
 10.    TIMING OF PURCHASE 
  
 Unless a participating employee has given prior written notice terminating such employee’s participation in the Plan, or the employee’s
participation in the Plan has otherwise been terminated as provided in Sections 16 through 20 below, such employee will be deemed to have exercised automatically his or her right to purchase Common Stock on the last trading day of the
Purchase Period (except as provided in Section 16 below) for the number of shares of Common Stock which the accumulated funds in the employee’s account at that time will purchase at the Purchase Price, subject to the participation
adjustment provided for in Section 15 below and subject to adjustment under Section 26 below. 
  
 11.    PURCHASE LIMITATION 
  
 Notwithstanding any other provision of the Plan, no employee may purchase in any one calendar year under the Plan and all other “employee stock purchase plans” of the Company and its Participating Affiliates
shares of Common Stock having an aggregate Fair Market Value in excess of $25,000, determined as of the first trading date of the Purchase Period as to shares purchased during such period. In addition, no employee may purchase more than 1,800 shares
of Common Stock in any one Purchase Period and no employee may elect to contribute more than ten percent (10%) of his or her compensation in any Purchase Period. The Committee may change the limit on the number of shares that may be purchased in
each Purchase Period or the percentage of compensation that may be contributed from time to time, in its sole discretion; provided, however, that any such changes shall be imposed as of the first day of the next following Purchase
Period. For the purpose of the Plan, “compensation” means base salary plus bonus. 
  
 12.    ISSUANCE OF STOCK CERTIFICATES AND SALE OF PLAN SHARES. 
  
 On the last trading day of the Purchase Period, a participating employee will be credited with the number of shares of Common Stock purchased for his or
her account under the Plan during such Purchase Period and will become a stockholder with respect to the shares purchased during such period. Shares purchased under the Plan will be held in the custody of an agent (the “Agent”) appointed
by the Board of Directors. The Agent may hold the shares purchased under the Plan in stock certificates in nominee names and may commingle shares held in its custody in a single account or stock certificate without identification as to individual
participating employees. The Committee shall have the right to require any or all of the following with respect to shares of Common Stock purchased under the Plan: 
  
 (i) that a participating employee may not request that all or part of the shares of Common Stock be reissued
in the employee’s own name and the stock certificates delivered to the employee until two years (or such shorter period of time as the Committee may designate) have elapsed since the first day of the Purchase Period in which the shares were
purchased and one year has elapsed since the day the shares were purchased (the “Section 423 Holding Period”); 
  
 (ii) that all sales of shares during the Section 423 Holding Period applicable to such shares be performed through a licensed broker
acceptable to the Company; and 
  
 (iii) that
participating employees abstain from selling or otherwise transferring shares of Common Stock purchased pursuant to the Plan for a period lasting up to two years from the date the shares were purchased pursuant to the Plan. 
  
 13.    WITHHOLDING OF TAXES. 
  
 To the extent that a participating employee realizes ordinary income in
connection with a sale or other transfer of any shares of Common Stock purchased under the Plan, the Company may withhold amounts needed to cover such taxes from any payments otherwise due and owing to the participating employee or from shares

  

 3 

 
that would otherwise be issued to the participating employee hereunder. Any participating employee who sells or otherwise transfers shares purchased under
the Plan within two years after the beginning of the Purchase Period in which the shares were purchased must within 30 days of such transfer notify the Payroll Department of the Company in writing of such transfer. 
  
 14.    ACCOUNT STATEMENTS. 
  
 The Company will cause the Agent to deliver to each participating employee a
statement for each Purchase Period during which the employee purchases Common Stock under the Plan, reflecting the amount of payroll deductions during the Purchase Period, the number of shares purchased for the employee’s account, the price per
share of the shares purchased for the employee’s account and the number of shares held for the employee’s account at the end of the Purchase Period.  
  
 15.    PARTICIPATION ADJUSTMENT. 
  
 If in any Purchase Period the number of unsold shares that may be made available for purchase under the Plan pursuant to
Section 2 above is insufficient to permit exercise of all rights deemed exercised by all participating employees pursuant to Section 10 above, a participation adjustment will be made, and the number of shares purchasable by all
participating employees will be reduced proportionately. Any funds then remaining in a participating employee’s account after such exercise will be refunded to the employee. 
  
 16.    CHANGES IN ELECTIONS TO PURCHASE. 
  
 a.    Ceasing Payroll Deductions or Periodic Payments 
  
 A participating employee may, at least two (2) business days prior to the
last trading day of the Purchase Period, by written notice to the Company, direct the Company to cease payroll deductions (or, if the payment for shares is being made through periodic cash payments, notify the Company that such payments will be
terminated), in accordance with the following alternatives: 
  
 (i) The employee’s option to purchase shall be reduced to the number of shares which may be purchased, as of the last day of the Purchase Period, with the amount then credited to the employee’s account; or

  
 (ii) Withdraw the amount in such
employee’s account and terminate such employee’s option to purchase. 
  
 b.    Increasing or Decreasing Payroll Deductions During a Purchase Period 
  
 A participating employee may not increase or decrease his or her rate of contribution during a Purchase Period. 
  
 c.    Modifying Payroll Deductions or Periodic
Payments at the Start of a Purchase Period 
  
 Any
participating employee may, at least 10 days prior to the start of a Purchase Period, increase or decrease his or her payroll deduction or periodic cash payments, to take effect on the first day of the next Purchase Period, by delivering to the
Company a new form regarding election to participate in the Plan under Section 6 above. 
  
 17.    TERMINATION OF EMPLOYMENT. 
  
 In the event a participating employee leaves the employ of the Company or a Participating Affiliate for any reason prior to the last day of the Purchase Period, the amount in the employee’s account will be
distributed to the employee (or to the employee’s beneficiary (or estate in the case a beneficiary is not named) in the case of the employee’s death) and the employee’s option to purchase will terminate. 
  

 4 

 18.    LEAVE OF ABSENCE. 
  
 Notwithstanding Section 17 above, a participating employee’s employment shall be treated as continuing while the
participating employee is on military leave, sick leave or other bona fide leave of absence, for up to ninety (90) days, or for so long as the participating employee’s right to re-employment is guaranteed either by statute or by contract, if
longer than ninety (90) days. If a participating employee’s payroll deductions are interrupted by any legal process, a withdrawal notice will be considered as having been received from the participating employee on the day the interruption
occurs. 
  
 19.    FAILURE TO MAKE PERIODIC CASH PAYMENTS.

  
 Under any of the circumstances contemplated by this Plan,
where the purchase of shares is to be made through periodic cash payments in lieu of payroll deductions, the failure to make any such payments shall reduce, to the extent of the deficiency in such payments, the number of shares purchasable under
this Plan by the participating employee. 
  
 20.    TERMINATION OF PARTICIPATION. 
  
 A participating employee will be refunded all moneys in his or her account, and his or her participation in the Plan will be terminated if either (a) the Board elects to terminate the Plan as provided in Section
25 below, or (b) the employee ceases to be eligible to participate in the Plan under Section 5 above. As soon as practicable following termination of an employee’s participation in the Plan, the Company will deliver to the employee a
check representing the amount in the employee’s account and a stock certificate representing the number of whole shares held in the employee’s account. Once terminated, participation may not be reinstated for the then current Purchase
Period, but, if otherwise eligible, the employee may elect to participate in any subsequent Purchase Period. 
  
 21.    ASSIGNMENT. 
  
 No participating employee may assign his or her rights to purchase shares of Common Stock under the Plan, whether voluntarily, by operation of law or otherwise. Any payment of cash or issuance of shares of Common
Stock under the Plan may be made only to the participating employee (or, in the event of the employee’s death, to the employee’s beneficiary (or estate in the case a beneficiary is not named)). Once a stock certificate has been issued to
the employee or for his or her account, such certificate may be assigned the same as any other stock certificate. 
  
 22.    APPLICATION OF FUNDS. 
  
 All funds received or held by the Company under the Plan may be used for any corporate purpose until applied to the purchase of Common Stock and/or
refunded to participating employees. Participating employees’ accounts will not be segregated. 
  
 23.    NO RIGHT TO CONTINUED EMPLOYMENT. 
  
 Neither the Plan nor any right to purchase Common Stock under the Plan confers upon any employee any right to continued employment with the Company or any
of its Participating Affiliates, nor will an employee’s participation in the Plan restrict or interfere in any way with the right of the Company or any of its Participating Affiliates to terminate the employee’s employment at any time.

  
 24.    AMENDMENT OF PLAN. 
  
 The Board may, at any time, amend the Plan in any respect (including an
increase in the percentage specified in Section 9 above used in calculating the Purchase Price); provided, however, that without approval of the stockholders of the Company no amendment shall be made (a) increasing the number of
shares specified in Section 2 above that may be made available for purchase under the Plan (except as provided in Section 26 below) or (b) changing the eligibility requirements for participating in the Plan. No amendment may be made
that impairs the vested rights of participating employees. 
  

 5 

 25.    TERM AND TERMINATION OF THE PLAN. 
  
 The Plan shall be effective as of the Effective Date, subject to approval of
the Plan by the stockholders of the Company; provided, however, that upon approval of the Plan by the stockholders of the Company, all rights to purchase shares granted under the Plan on or after the Effective Date shall be
fully effective as if the stockholders of the Company had approved the Plan on the Effective Date. If the stockholders fail to approve the Plan on or before one year after the Effective Date, the Plan shall terminate, any rights to purchase shares
granted hereunder shall be null and void and of no effect, and all contributed funds shall be refunded to participating employees. No shares shall be sold pursuant to the Plan unless the Plan is approved by the Company’s stockholders in
accordance with this Section 25. The Board may terminate the Plan at any time and for any reason or for no reason, provided that such termination shall not impair any rights of participating employees that have vested at the time of
termination. In any event, the Plan shall, without further action of the Board, terminate ten (10) years after the date of adoption of the Plan by the Board or, if earlier, at such time as all shares of Common Stock that may be made available for
purchase under the Plan pursuant to Section 2 above have been issued. 
  
 26.    EFFECT OF CHANGES IN CAPITALIZATION. 
  
 a.    Changes in Stock. 
  
 If the number of outstanding shares of Common Stock is increased or decreased or the shares of Common Stock are changed into or exchanged for a different number or kind of shares or other securities of the Company by
reason of any recapitalization, reclassification, stock split, reverse split, combination of shares, exchange of shares, stock dividend, or other distribution payable in capital stock, or other increase or decrease in such shares effected without
receipt of consideration by the Company occurring after the Effective Date, the number and kinds of shares that may be purchased under the Plan shall be adjusted proportionately and accordingly by the Company. In addition, the number and kind of
shares for which rights are outstanding shall be similarly adjusted so that the proportionate interest of a participating employee immediately following such event shall, to the extent practicable, be the same as immediately prior to such event. Any
such adjustment in outstanding rights shall not change the aggregate Purchase Price payable by a participating employee with respect to shares subject to such rights, but shall include a corresponding proportionate adjustment in the Purchase Price
per share. Notwithstanding the foregoing, in the event of a spin-off that results in no change in the number of outstanding shares of the Common Stock of the Company, the Company may, in such manner as the Company deems appropriate, adjust (i) the
number and kind of shares for which rights are outstanding under the Plan, and (ii) the Purchase Price per share. 
  
 b.    Reorganization in Which the Company Is the Surviving Corporation. 
  
 Subject to Section 26(c), if the Company shall be the surviving
corporation in any reorganization, merger or consolidation of the Company with one or more other corporations, all outstanding rights under the Plan shall pertain to and apply to the securities to which a holder of the number of shares of Common
Stock subject to such rights would have been entitled immediately following such reorganization, merger or consolidation, with a corresponding proportionate adjustment of the Purchase Price per share so that the aggregate Purchase Price thereafter
shall be the same as the aggregate Purchase Price of the shares subject to such rights immediately prior to such reorganization, merger or consolidation. 
  
 c.    Reorganization in Which the Company Is Not the Surviving Corporation, Sale of Assets or Stock, and other
Corporate Transactions. 
  
 Upon any dissolution or
liquidation of the Company, or upon a merger, consolidation or reorganization of the Company with one or more other corporations in which the Company is not the surviving corporation, or upon a sale of all or substantially all of the assets of the
Company to another corporation, or upon any transaction (including, without limitation, a merger or reorganization in which the Company is the surviving corporation) 

  

 6 

 
approved by the Board that results in any person or entity owning more than 80 percent of the combined voting power of all classes of stock of the Company,
the Plan and all rights outstanding hereunder shall terminate, except to the extent provision is made in writing in connection with such transaction for the continuation of the Plan and/or the assumption of the rights theretofore granted, or for the
substitution for such rights of new rights covering the stock of a successor corporation, or a parent or subsidiary thereof, with appropriate adjustments as to the number and kinds of shares and exercise prices, in which event the Plan and rights
theretofore granted shall continue in the manner and under the terms so provided. In the event of any such termination of the Plan, the Purchase Period shall be deemed to have ended on the last trading day prior to such termination, and in
accordance with Section 12 above the rights of each participating employee then outstanding shall be deemed to be automatically exercised on such last trading day. The Board shall send written notice of an event that will result in such a
termination to all participating employees at least ten (10) days prior to the date upon which the Plan will be terminated. 
  
 d.    Adjustments. 
  
 Adjustments under this Section 26 related to stock or securities of the Company shall be made by the Committee, whose determination in that respect
shall be final, binding, and conclusive. 
  
 e.    No Limitations on Company. 
  
 The grant of a right pursuant to the Plan shall not affect or limit in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure or to merge,
consolidate, dissolve or liquidate, or to sell or transfer all or any part of its business or assets. 
  
 27.    GOVERNMENTAL REGULATION. 
  
 The Company’s obligation to issue, sell and deliver shares of Common Stock pursuant to the Plan is subject to such approval of any governmental authority and any national securities exchange or other market
quotation system as may be required in connection with the authorization, issuance or sale of such shares. 
  
 28.    STOCKHOLDER RIGHTS. 
  
 Dividends paid with respect to shares credited to each participating employee’s account will be themselves credited to such account and, if paid in cash, will automatically be reinvested in whole and fractional
shares of Common Stock. The Company will deliver to each participating employee who purchases shares of Common Stock under the Plan, as promptly as practicable by mail or otherwise, all notices of meetings, proxy statements, proxies and other
materials distributed by the Company to its stockholders. Any shares of Common Stock held by the Agent for an employee’s account will be voted in accordance with the employee’s duly delivered and signed proxy instructions. There will be no
charge to participating employees in connection with such notices, proxies and other materials. 
  
 29.    RULE 16b-3. 
  
 Transactions under this Plan are intended to comply with all applicable conditions of Rule 16b-3 or any successor provision under the Securities Exchange Act of 1934, as amended. If any provision of the Plan or action
by the Board fails to so comply, it shall be deemed null and void to the extent permitted by law and deemed advisable by the Board. Moreover, in the event the Plan does not include a provision required by Rule 16b-3 to be stated herein, such
provision (other than one relating to eligibility requirements, or the price and amount of awards) shall be deemed automatically to be incorporated by reference into the Plan. 
  
 30.    PAYMENT OF PLAN EXPENSES. 
  
 The Company will bear all costs of administering and carrying out the Plan. 
  
 * * * 
  

 7Warrant, dated as of August 12, 2000

 Exhibit 4.2 
  
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE “1933 ACT”) OR ANY STATE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM UNDER THE 1933 ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

  
 WARRANT TO PURCHASE 5,500 SHARES 
 OF THE COMMON STOCK OF 
 CDT
ACQUISITION CORP. 
  
 EFFECTIVE DATE: August 12, 2000

  
 EXPIRATION DATE: August 12, 2007 
  
 This certifies that HEIDRICK &
STRUGGLES, INC. or its transferees or assigns as permitted by Section 6 hereof (each individually, the “Holder”), for the agreed upon value of $1.00 and for other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, shall be entitled to purchase from CDT ACQUISITION CORP., a Delaware corporation (the “Company”), having its principal
place of business at c/o Kelso & Company, 320 Park Avenue, 24th Floor, New York, New York 10022, a maximum of
5,500 fully paid and nonassessable shares of the Company’s Common Stock (“Common Stock”) for cash at a price equal to $10.43 per share (the “Exercise Price”) at any time, or from time to time, up to and
including 5:00 p.m. Pacific time on the Expiration Date, upon the surrender to the Company at its principal place of business (or at such other location as the Company may advise the Holder in writing) of this Warrant properly endorsed, a Form of
Subscription in substantially the form attached hereto duly filled in and signed, and, as applicable, upon payment in cash or by check of the aggregate Exercise Price for the number of shares for which this Warrant is being exercised determined in
accordance with the provisions hereof, or the surrender of the right to acquire the number of shares of Common Stock determined in accordance with Section 1.2. The Exercise Price and the number of shares of Common Stock purchasable hereunder are
subject to adjustment as provided in Section 3 of this Warrant. 
  
 The Warrant is being issued pursuant to the Agreement between the Company and the Holder dated as of April 19, 2000 (the “Letter Agreement”). This Warrant is subject to the following terms and conditions: 
  
 1. EXERCISE; ISSUANCE OF
CERTIFICATES; PAYMENT FOR SHARES. 
  
 1.1 General. This Warrant is exercisable at the option of the holder of record hereof at any time or from time to time, up to the Expiration Date
for all or any part of the shares of Common Stock (but not for a fraction of a share) which may be purchased hereunder. The Company agrees that the shares of Common Stock purchased under this Warrant shall be and are deemed to be issued to the
Holder hereof as the record owner of such shares as of the close of business on the date on which this Warrant, properly endorsed, the completed and executed Form of Subscription and appropriate payment for such shares shall have each been delivered
to the 

 Company at its principal place of business. Certificates for the shares of Common Stock so purchased, together with any
other securities or property to which the Holder is entitled upon such exercise, shall be delivered to the Holder by the Company at the Company’s expense within a reasonable time after the rights represented by this Warrant have been so
exercised, and in any event, within 5 business days of such exercise. In case of a purchase of less than all the shares which may be purchased under this Warrant, the Company shall cancel this Warrant and execute and deliver a new Warrant or
Warrants of like tenor for the balance of the shares purchasable under the Warrant surrendered upon such purchase to the Holder hereof within a reasonable time. Each stock certificate so delivered shall be in such denominations of Common Stock as
may be requested by the Holder hereof and shall be registered in the name designated by such Holder. 
  
 1.2 Net Issue Exercise. The Holder agrees that it cannot “net issue exercise” this Warrant in accordance with the provisions of this
section, except in connection with the following: (i) the Company’s Initial Public Offering (which is defined as meaning the effectiveness of the filing of the first registration statement under the 1933 Act, or any similar federal statute and
the rules and regulations of the SEC thereunder, all as the same shall be in effect at any particular time) or (ii) an Organic Change (as defined in Section 3.3 below) where the surviving entity is public or where the Company is forced to exercise
the Warrant in connection with the Organic Change. Subject to the foregoing, if the fair market value of one share of the Company’s Common Stock is greater than the Exercise Price (at the date of calculation as set forth below), in lieu of
exercising this Warrant for cash, the Holder may elect a “Net Issue Exercise” pursuant to which it will receive shares equal to the value (as determined below) of this Warrant (or the portion thereof being exercised) by surrender of this
Warrant at the principal office of the Company together with the properly endorsed Form of Subscription and notice of such election in which event the Company shall issue to the Holder a number of shares of Common Stock computed using the following
formula: 
  

			
	X =	 	Y (A-B)
	 	 	A

  
 Where X = the number
of shares of Common Stock to be issued to the Holder 
  

			
	Y =	  	the number of shares of Common Stock purchasable under the Warrant or, if only a portion of the Warrant is being exercised, the portion of the Warrant being exercised (at the date of such
exercise)
		
	A =	  	the fair market value of one share of the Company’s Common Stock (at the date of such exercise)
		
	B =	  	Exercise Price (as adjusted to the date of such exercise).

  
 For purposes of the above calculation,
the fair market value of one share of Common Stock shall be determined by the Company’s Board of Directors in good faith; provided, however, that where there is a public market for the Company’s Common Stock, the fair market value per
share shall be the average of the closing prices of the Company’s Common Stock quoted on the Nasdaq 
  

 2 

 National Market (or similar system) or on any exchange on which the Common Stock is listed, whichever is applicable, over
the 5 trading day period ending on the trading day immediately preceding the day the Warrant is being exercised. 
  
 2. SHARES TO BE FULLY PAID; RESERVATION OF
SHARES. The Company covenants and agrees that all shares of Common Stock which may be issued upon the exercise of the rights represented by this Warrant will, upon issuance, be duly authorized, validly issued, fully paid and
nonassessable and free from all preemptive rights of any shareholder and free of all taxes, liens and charges with respect to the issue thereof. The Company further covenants and agrees that, during the period within which the rights represented by
this Warrant may be exercised, the Company will at all times have authorized and reserved, for the purpose of issue or transfer upon exercise of the subscription rights evidenced by this Warrant, a sufficient number of shares of authorized but
unissued Common Stock, or other securities and property, when and as required to provide for the exercise of the rights represented by this Warrant. The Company will take all such action as may be necessary to assure that such shares of Common Stock
may be issued as provided herein without violation of any applicable law or regulation, or of any requirements of any domestic securities exchange upon which the Common Stock may be listed; provided, however, that the Company shall not be required
to effect a registration under Federal or State securities laws with respect to such exercise.  
  
 3. ADJUSTMENT OF EXERCISE PRICE AND NUMBER OF
SHARES. The Exercise Price and the number of shares purchasable upon the exercise of this Warrant shall be subject to adjustment from time to time upon the occurrence of certain events described in this Section 3. Upon each
adjustment of the Exercise Price, the Holder of this Warrant shall thereafter be entitled to purchase, at the Exercise Price resulting from such adjustment, the number of shares obtained by multiplying the Exercise Price in effect immediately prior
to such adjustment by the number of shares purchasable pursuant hereto immediately prior to such adjustment, and dividing the product thereof by the Exercise Price resulting from such adjustment. 
  
 3.1 Subdivision or Combination of Stock. In case the Company shall at
any time subdivide its outstanding shares of Common Stock into a greater number of shares, the Exercise Price in effect immediately prior to such subdivision shall be proportionately reduced, and conversely, in case the outstanding shares of Common
Stock of the Company shall be combined into a smaller number of shares (by reverse stock split or otherwise), the Exercise Price in effect immediately prior to such combination shall be proportionately increased. 
  
 3.2 Dividends in Common Stock, Other Stock, Property, Reclassification.
If at any time or from time to time the Holders of Common Stock (or any shares of stock or other securities at the time receivable upon the exercise of this Warrant) shall have received or become entitled to receive, without payment therefor,

  
 (a) Common Stock or any shares of stock or other
securities which are at any time directly or indirectly convertible into or exchangeable for Common Stock, or any rights or options to subscribe for, purchase or otherwise acquire any of the foregoing by way of dividend or other distribution,

  

 3 

 (b) any cash paid or payable otherwise than as a cash dividend, or 
  
 (c) Common Stock or additional stock or other securities or property
(including cash) by way of spinoff, split-up, reclassification, combination of shares or similar corporate rearrangement, (other than shares of Common Stock issued as a stock split or adjustments in respect of which shall be covered by the terms of
Section 3.1 above), then and in each such case, the Holder hereof shall, upon the exercise of this Warrant, be entitled to receive, in addition to the number of shares of Common Stock receivable thereupon, and without payment of any additional
consideration therefor, the amount of stock and other securities and property (including cash in the cases referred to in clause (b) above and this clause (c)) which such Holder would hold on the date of such exercise had he been the holder of
record of such Common Stock as of the date on which holders of Common Stock received or became entitled to receive such shares or all other additional stock and other securities and property. 
  
 3.3 Reorganization, Consolidation, Merger or Sale. If any
recapitalization or reorganization of the capital stock of the Company, or any consolidation or merger of the Company with another corporation, or the sale of all or substantially all of its assets or other transaction shall be effected in such a
way that holders of Common Stock shall be entitled to receive stock, securities, or other assets or property (an “Organic Change”), then lawful and adequate provisions shall be made by the Company whereby the Holder hereof shall
thereafter have the right to purchase and receive (in lieu of the shares of the Common Stock of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented by this Warrant) such shares of stock,
securities or other assets or property as may be issued or payable with respect to or in exchange for a number of outstanding shares of such Common Stock equal to the number of shares of such stock immediately theretofore purchasable and receivable
upon the exercise of the rights represented by this Warrant. In the event of any Organic Change, appropriate provision shall be made by the Company with respect to the rights and interests of the Holder of this Warrant to the end that the provisions
hereof (including, without limitation, provisions for adjustments of the Exercise Price and of the number of shares purchasable and receivable upon the exercise of this Warrant) shall thereafter be applicable, in relation to any shares of stock,
securities or assets thereafter deliverable upon the exercise hereof. Prior to the consummation of any such consolidation, merger or sale, the successor entity (if other than the Company) resulting from such consolidation or the corporation
purchasing such assets shall assume by written instrument reasonably satisfactory in form and substance to the Holders executed and mailed or delivered to the registered Holder hereof at the last address of such Holder appearing on the books of the
Company, the obligation to deliver to such Holder such shares of stock, securities or assets as, in accordance with the foregoing provisions, such Holder may be entitled to purchase. 
  

 4 

 3.4 Notices of Change. 
  
 (a) Immediately upon any adjustment in the number or class of shares subject to this Warrant and/or of the Exercise
Price, the Company shall give written notice thereof to the Holder, setting forth in reasonable detail and certifying the calculation of such adjustment. 
  
 (b) The Company shall give written notice to the Holder at least 30 business days prior to the date on which an Organic Change will take place.

  
 4. ISSUE TAX. The
issuance of certificates for shares of Common Stock upon the exercise of the Warrant shall be made without charge to the Holder of the Warrant for any issue tax (other than any applicable income taxes) in respect thereof; provided, however, that the
Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any certificate in a name other than that of the then Holder of the Warrant being exercised. 
  
 5. NO VOTING OR
DIVIDEND RIGHTS; LIMITATION OF LIABILITY. Nothing contained in this Warrant shall be construed as conferring upon the Holder hereof the right to vote or to consent or to
receive notice as a shareholder of the Company or any other matters or any rights whatsoever as a shareholder of the Company. No dividends or interest shall be payable or accrued in respect of this Warrant or the interest represented hereby or the
shares purchasable hereunder until, and only to the extent that, this Warrant shall have been exercised. No provisions hereof, in the absence of affirmative action by the holder to purchase shares of Common Stock, and no mere enumeration herein of
the rights or privileges of the holder hereof, shall give rise to any liability of such Holder for the Exercise Price or as a shareholder of the Company, whether such liability is asserted by the Company or by its creditors. 
  
 6. TRANSFER. 
  
 6.1 Prior to the closing of a public offering pursuant to a
registration statement under the 1933 Act (a “Registration”), that covers (together with prior Registrations) (i) not less than 50% of the outstanding shares of Common Stock, on a fully diluted basis, or (ii) shares of
Common Stock that, after the closing of such public offering, will be traded on the New York Stock Exchange, the American Stock Exchange or the National Association of Securities Dealers Automated Quotation System, the Holder may not, directly or
indirectly, sell, assign, mortgage, transfer, pledge, hypothecate or otherwise dispose of or transfer (collectively, “Transfer”) this Warrant or any shares of Common Stock issuable upon exercise of this Warrant or any interest
therein, except for (x) Transfers which, prior thereto, the Company shall have consented to in writing, (y) Transfers pursuant to Section 6.2 below or (z) Transfers to Peter Breen, Mark Longeran or Pat Pittard or Transfers to an
Affiliate (as defined in Section 6.2 below) of Heidrick & Struggles, where Heidrick & Struggles owns more than 50% of the Affiliate; provided that the total number of Holders of this Warrant or any shares of Common Stock issuable upon
exercise of this Warrant or any interest therein may not exceed 10. 
  

 5 

 6.2 In the event that (i) any of Kelso Investment Associates VI, L.P. (“KIA
VI”), KEP VI, LLC (“KEP VI” and together with KIA VI, “Kelso”) or any of their respective Affiliates (as defined below) who holds shares of Common Stock (a “Selling Stockholder”) intends to
sell any shares of Common Stock to a third party or parties unaffiliated with Kelso or (ii) in the event that KIA VI has approved the sale of the Company, whether by merger, consolidation, sale of all or substantially all of its assets,
recapitalization or otherwise, each Holder who holds shares of Common Stock, upon the request of Kelso, will consent to and raise no objections against such transaction (and shall waive any rights of appraisal) and shall fully cooperate with and
take all necessary and desirable actions in connection with the consummation of such transaction, including, without limitation, executing a purchase agreement in the form approved by KIA VI. If the transaction involves a sale of stock, each Holder
who holds shares of Common Stock shall agree to sell that number of shares equal to the product of (a) the aggregate number of shares of Common Stock then held by such Holder times (b) a fraction, the numerator of which is the
aggregate number of shares of Common Stock being sold by the Selling Stockholders in such sale and the denominator of which is the aggregate number of shares of Common Stock then held by all Selling Stockholders. Such sale shall be for a purchase
price per share of Common Stock and on other terms and conditions not less favorable to each Holder than those applicable to the Selling Stockholders; provided however, that the form of consideration to be received by the Selling Stockholders
may be different from that received by the Holder so long as the value of the consideration to be received by the Selling Stockholders is the same or less than that to be received by the Holder (as reasonably determined by the Board in good faith,
excluding members of the Board who are designees of the Selling Stockholders). For purposes of this Section 6.1 and Section 6.2: 
  
 “Affiliate” shall mean a person that directly, or indirectly through one or more intermediaries, controls, or is controlled by,
or is under common control with, the Person specified. 
  
 “Person” shall mean an individual, corporation, partnership, limited liability company, joint venture, association, trust or other entity or organization, including a government or political subdivision or an agency or
instrumentality thereof. 
  
 6.3 Notwithstanding anything
in this Warrant to the contrary, the Holder agrees that it will not transfer any shares of Common Stock that it receives upon the exercise of this Warrant for 180 days after any public offering of Common Stock (or security convertible into Common
Stock) by the Company unless the managing underwriter for such offering decides such restriction is unnecessary, and the Holder agrees to execute any agreement or document reasonably requested by any such underwriter which relates to such
restriction. 
  
 7. RIGHTS AND
OBLIGATIONS SURVIVE EXERCISE OF WARRANT. The rights and obligations of the Company, of the holder of this Warrant and of the holder of shares of Common Stock issued upon
exercise of this Warrant, shall survive the exercise of this Warrant. 
  

 6 

 8. FURTHER REPRESENTATIONS, WARRANTIES AND
COVENANTS OF THE COMPANY. 
  
 8.1 Certificate of Incorporation and By-Laws. Upon request of the Holder, the Company shall make available true, complete and correct copies of its Certificate of Incorporation and By-laws, as amended, through
the date hereof. 
  
 8.2 Due Authority. The execution and
delivery by the Company of this Warrant and the performance of all obligations of the Company hereunder, including the issuance to Holder of the right to acquire the shares of Common Stock, have been duly authorized by all necessary corporate action
on the part of the Company, and the Warrant is not inconsistent with the Company’s Certificate of Incorporation or By-Laws, as amended, through the date hereof, and constitutes a legal, valid and binding agreement of the Company, enforceable in
accordance with its terms. 
  
 8.3 Consents and Approvals.
No consent or approval of, giving of notice to, registration with, or taking of any other action in respect of any state, federal or other governmental authority or agency is required with respect to the execution, delivery and performance by the
Company of its obligations under this Warrant, except for any filing required by applicable federal and state securities laws, which filing will be effective by the time required thereby. 
  
 8.4 Issued Securities. All issued and outstanding shares of capital stock of the Company have been duly authorized
and validly issued and are fully paid and nonassessable. All outstanding shares of capital stock were issued in full compliance with all federal and state securities laws. 
  
 8.5 Compliance with Rule 144. At any time after the Company registers with the Securities and Exchange Commission
(“SEC”) pursuant to Section 12 of the 1933 Act or files reports pursuant to Section 15(d) of the SEC, or at any time when a Registration covering the Common Stock to be issued upon exercise of this Warrant is in effect, at the
written request of the Holder who proposes to sell Common Stock issuable upon the exercise of the Warrant in compliance with Rule 144 promulgated by the SEC, the Company shall furnish to the Holder, within 30 days after receipt of such request, a
written statement describing the Company’s compliance with the filing requirements of the SEC as set forth in such Rule, as such Rule may be amended from time to time. 
  
 9. REPRESENTATIONS AND COVENANTS OF THE
HOLDER. 
  
 This Warrant has been entered into
by the Company in reliance upon the following representations and covenants of the Holder: 
  
 9.1 Investment Purpose. The Warrant and the Common Stock issuable upon exercise of the Warrant will be acquired for investment and not with a view to the sale or distribution of any part thereof, and the Holder
has no present intention of selling or engaging in any public distribution of the same except pursuant to a registration or exemption pursuant to the 1933 Act. 
  

 7 

 9.2 Private Issue. The Holder understands (i) that the Warrant and the Common Stock issuable upon
exercise of this Warrant are not registered under the 1933 Act or qualified under applicable state securities laws on the ground that the issuance contemplated by this Warrant will be exempt from the registration and qualifications requirements
thereof pursuant to Section 4(2) of the 1933 Act and any applicable state securities laws, and (ii) that the Company’s reliance on such exemption is predicated on the representations set forth in this Section 9. 
  
 9.3 Disposition of Holder’s Rights. In no event will the Holder
make a disposition of the Warrant or the Common Stock issuable upon exercise of the Warrant unless and until (i) the Holder is permitted to do so under Section 6 of this Agreement, (ii) it shall have notified the Company of the proposed disposition,
(iii) any transferee shall have agreed in writing to be bound by the transfer restrictions set forth in this Warrant pursuant to an instrument reasonably satisfactory in substance and form to the Company and (iv) if requested by the Company, it
shall have furnished the Company with an opinion of counsel (which counsel may either be inside or outside counsel to the Holder) satisfactory to the Company and its counsel to the effect that (A) appropriate action necessary for compliance with the
1933 Act has been taken, or (B) an exemption from the registration requirements of the 1933 Act is available. Notwithstanding the foregoing but subject to the terms and provisions of Section 6 of this Agreement, the restrictions imposed upon the
transferability of any of the Holder’s rights to acquire Common Stock or Common Stock issuable on the exercise of such rights do not apply to transfers from the beneficial owner of any of the aforementioned securities to its nominee or from
such nominee to its beneficial owner, and shall terminate as to any particular share of Common Stock when (1) such security shall have been effectively registered under the 1933 Act and sold by the holder thereof in accordance with such
registration, or (2) such security shall have been sold without registration in compliance with Rule 144 under the 1933 Act, or (3) a letter shall have been issued to the Holder at its request by the staff of the SEC or a ruling shall have been
issued to the Holder at its request by the SEC stating that no action shall be recommended by such staff or taken by the SEC, as the case may be, if such security is transferred without registration under the 1933 Act in accordance with the
conditions set forth in such letter or ruling and such letter or ruling specifies that no subsequent restrictions on transfer are required. Whenever the restrictions imposed hereunder shall terminate, as hereinabove provided in Section 6.1 or this
Section 9.3, the Holder or holder of a share of Common Stock then outstanding as to which such restrictions have terminated shall be entitled to receive from the Company, without expense to such holder, one or more new certificates for the Warrant
or for such shares of Common Stock not bearing any restrictive legend. 
  
 9.4 Financial Risk. The Holder has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of its investment, and has the ability to bear the economic risks of its
investment. 
  

 8 

 9.5 Risk of No Registration. The Holder understands that if the Company does not register with
the SEC pursuant to Section 12 of the 1933 Act, or file reports pursuant to Section 15(d) of the 1934 Act, as amended (the “1934 Act”), or if a Registration covering the securities under the 1933 Act is not in effect when it desires
to sell (i) the Warrant, or (ii) the Common Stock issuable upon exercise of the Warrant, it may be required to hold such securities for an indefinite period. The Holder also understands that any sale of the Warrant or the Common Stock issuable upon
exercise of the Warrant which might be made by it in reliance upon Rule 144 under the 1933 Act may be made only in accordance with the terms and conditions of that Rule. 
  
 9.6 Accredited Investor. The Holder is an “accredited investor” within the meaning of Rule 501 of
Regulation D under the 1933 Act, as presently in effect. 
  
 10. STOCK CERTIFICATE LEGENDS. A copy of this Warrant shall be filed with the Secretary of the Company and kept with the records of the Company. Each certificate representing any shares of
Common Stock issued to the Holder upon exercise of this Warrant shall bear the following legends: 
  
 “THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), AND MAY NOT BE OFFERED, SOLD, ASSIGNED,
PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF UNLESS AND UNTIL REGISTERED UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR UNLESS, IN THE OPINION OF COUNSEL TO THE STOCKHOLDER, WHICH COUNSEL MUST BE, AND THE FORM AND SUBSTANCE OF WHICH
OPINION ARE, SATISFACTORY TO THE ISSUER, SUCH OFFER, SALE, ASSIGNMENT, PLEDGE, HYPOTHECATION, TRANSFER OR OTHER DISPOSITION IS EXEMPT FROM REGISTRATION OR IS OTHERWISE IN COMPLIANCE WITH THE ACT, SUCH LAWS AND THE WARRANT DATED AUGUST 12, 2000, TO
PURCHASE 5,500 SHARES OF THE COMMON STOCK, PAR VALUE $.01 PER SHARE, OF THE ISSUER (THE “WARRANT”).” 
  
 “THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER AND OTHER CONDITIONS, AS SPECIFIED IN THE WARRANT. A COPY OF THE WARRANT IS ON
FILE AT THE OFFICE OF THE ISSUER AND WILL BE FURNISHED WITHOUT CHARGE TO THE HOLDER OF SUCH SHARES UPON WRITTEN REQUEST.” 
  
 “THE ISSUER WILL FURNISH WITHOUT CHARGE TO EACH STOCKHOLDER WHO SO REQUESTS THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR OTHER
SPECIAL RIGHTS OF EACH CLASS OR SERIES OF SHARES AUTHORIZED TO BE ISSUED AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND/OR RIGHTS.” 
  
 In addition, such certificates will bear such legends as may be required by any state securities laws. 
  

 9 

 11. MODIFICATION AND WAIVER. This Warrant and any
provision hereof may be changed, waived, discharged or terminated only by an instrument in writing signed by the party against which enforcement of the same is sought. 
  
 12. FULL AND FINAL SATISFACTION. By issuing this Warrant,
the Company has satisfied in full any obligations it has to issue any warrants to the Holder pursuant to the Letter Agreement. 
  
 13. NOTICES. Any notice, request or other document required or permitted to be given or delivered to the holder hereof or the
Company shall be delivered or shall be sent by an established overnight service provider (e.g., Federal Express), or registered or certified mail, postage prepaid, to each such holder at its address as shown on the books of the Company or to the
Company at the address indicated therefor in the first paragraph of this Warrant or such other address as either may from time to time provide to the other in accordance with this Section. 
  
 14. BINDING EFFECT ON
SUCCESSORS. This Warrant shall be binding upon any corporation succeeding the Company by merger, consolidation or acquisition of all or substantially all of the Company’s assets. All of the obligations of the Company relating
to the Common Stock issuable upon the exercise of this Warrant shall survive the exercise and termination of this Warrant. All of the covenants and agreements of the Company shall inure to the benefit of the successors and assigns of the Holder
hereof as permitted by Section 6 hereof. 
  
 15.
DESCRIPTIVE HEADINGS AND GOVERNING LAW. The description headings of the several sections and paragraphs of this Warrant are inserted for convenience only and do not
constitute a part of this Warrant. This Warrant shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the laws of the State of New York, without giving effect to principles of conflicts of
laws. 
  
 16. LOST
WARRANTS. The Company represents and warrants to the Holder hereof that upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction, or mutilation of this Warrant and, in the case of any such
loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of any such mutilation upon surrender and cancellation of such Warrant, the Company, at its expense, will make and deliver a new Warrant,
of like tenor, in lieu of the lost, stolen, destroyed or mutilated Warrant.  
  
 17. FRACTIONAL SHARES. No fractional shares shall be issued upon exercise of this Warrant. The Company shall, in lieu of issuing any fractional share, pay the holder entitled to
such fraction a sum in cash equal to such fraction multiplied by the then effective Exercise Price. 
  

 10 

 IN WITNESS WHEREOF, the Company has caused this
Warrant to be duly executed by its officers, thereunto duly authorized. 
  

			
	 CDT ACQUISITION CORP.,

	     a Delaware corporation

		
	 By:
	 	 /s/ Stanley deJ Osborne

	 Name:
	 	 Stanley deJ. Osborne

	 Title:
	 	 Vice President

  

			
	 ATTEST:

	
	 /s/ James J. Connors

	 Name:
	 	 James J. Connors, II

	 Title:
	 	 Secretary

 EXHIBIT A 
  

SUBSCRIPTION FORM 
  
 Date:             , 200     
  
 CDT Acquisition Corp. 
 c/o Kelso & Company 
 320 Park Avenue, 24th Floor 
 New York, New York 10022 
  
 Attn: President 
  
 Ladies and Gentlemen: 
  

	 ̈	The undersigned hereby elects to exercise the warrant issued to it by CDT Acquisition Corp. (the “Company”) and dated
                 , 2000 (the “Warrant”) and to purchase
thereunder                                 shares of the Common Stock of the
Company (the “Shares”) at a purchase price of
                                 Dollars
($            ) per Share or an aggregate purchase price of
                                 Dollars
($            ) (the “Exercise Price”). Pursuant to the terms of the Warrant the undersigned has delivered the Exercise Price herewith in full in cash or by certified check
or wire transfer. 

  

	 ̈	The undersigned hereby elects to convert                      percent
(    %) of the value of the Warrant pursuant to the provisions of Section 1.2 of the Warrant. 

  
 Please issue a certificate or certificates representing said shares of Common Stock in the name of the undersigned or in such other name as is specified below:

  

					
	 	 	 Name:
	  	  

	 	 	 Address:
	  	  

	 	 	  

  
  

			
	 Very truly yours,

	
	

	 By:
	 	  

	 Title:

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