Document:

exv10w1

Exhibit 10.1

FIRST AMENDMENT TO CREDIT AGREEMENT

     THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”),
dated as of January 7, 2010, is entered into by and among WELLS FARGO FOOTHILL, LLC, a Delaware
limited liability company (“WFF”), as the co-lead arranger and administrative agent (in
such capacity, “Agent”) for the Lenders (as defined below), Bank of America, N.A., as the
co-lead arranger and syndication agent (in such capacity, “Syndication Agent”) for the
Lenders, FINISAR CORPORATION, a Delaware corporation (“Parent”), and OPTIUM CORPORATION, a
Delaware corporation, (“Optium” and Parent, each individually a “Borrower”, and
individually and collectively, jointly and severally, the “Borrowers”).

RECITALS

     A. Borrowers, the lenders party thereto from time to time (the “Lenders”) and Agent,
have previously entered into that certain Credit Agreement dated as of October 2, 2009 (as the same
may be modified, supplemented or amended from time to time, the “Credit Agreement”),
pursuant to which the Lenders have made certain loans and financial accommodations available to
Borrowers. Terms used herein without definition shall have the meanings ascribed to them in the
Credit Agreement.

     B. On the date hereof, Bank of America, N.A. is being designated as co-lead arranger and
syndication agent for the Lenders and WFF is being designated as co-lead arranger for the Lenders.

     C. Borrowers have requested that Agent and the Lenders amend the Credit Agreement which Agent
and the Lenders are willing to do pursuant to the terms and conditions set forth herein.

     D. Borrowers are entering into this Amendment with the understanding and agreement that, except
as specifically provided herein, none of Agent’s or any Lender’s rights or remedies as set forth in
the Credit Agreement are being waived or modified by the terms of this Amendment.

AGREEMENT

     NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained,
and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereby agree as follows:

     1. Amendments to Credit Agreement.

          (a) The following definitions are hereby added to Schedule 1.1 of the Credit Agreement
in alphabetical order:

          ““BofA” means Bank of America, N.A.”

 

 

““Subordinated Notes Reserve” means, as of any date of determination, a
reserve in the amount of the then outstanding obligations owing by the Loan Parties
under the Subordinated Notes and the Indentures and any Refinancing Indebtedness in
respect thereof; provided, however, that the Subordinated Notes
Reserve shall be deemed to be zero if the Subordinated Notes have been refinanced
on terms and conditions satisfactory to Required Lenders, including, without
limitation, a maturity date of no sooner than March 31, 2014.”

          (b) The definition of “2010 Event” set forth in Schedule 1.1 of the Credit Agreement
is hereby deleted in its entirety.

          (c) The definition of “Bank Product” set forth in Schedule 1.1 of the Credit Agreement
is hereby amended and restated in its entirety to read as follows:

““Bank Product” means any financial accommodation extended to Parent or its
Subsidiaries by a Bank Product Provider (other than (x) pursuant to the Agreement and (y)
equipment leases or financings and services and obligations related thereto) including: (a)
credit cards, (b) credit card processing services, (c) debit cards, (d) purchase cards
(including so-called “procurement cards” or “P-Cards”), (e) ACH Transactions, (f) cash
management, including controlled disbursement, accounts or services, (g) transactions under
Hedge Agreements, or (h) e-payables.”

          (d) The definition of “Bank Product Provider” set forth in Schedule 1.1 of the Credit
Agreement is hereby amended and restated in its entirety to read as follows:

““Bank Product Provider” means Wells Fargo, BofA or any of their respective
Affiliates.”

          (e) The definition of “Bank Product Reserve” set forth in Schedule 1.1 of the Credit
Agreement is hereby amended and restated in its entirety to read as follows:

““Bank Product Reserve” means, as of any date of determination, the amount of
reserves that Agent has established (based upon the Bank Product Providers’ reasonable
determination of the credit exposure of Parent and its Subsidiaries in respect of Bank
Products as reported by such Bank Product Providers to Agent from time to time) in respect
of Bank Products then provided or outstanding.”

          (f) Clause (g) of the definition of “Borrowing Base” set forth in Schedule 1.1 of the
Credit Agreement is hereby amended and restated in its entirety to read as follows:

“(g) the sum of (i) the Bank Product Reserve, (ii) the Subordinated Notes Reserve,
(iii) the Credit Insurance Reserve, and (iv) the aggregate amount of reserves, if any,
established by Agent under Section 2.1(c) of the Agreement.”

          (g) The definition of “Permitted Notes Redemption” contained in Schedule 1.1 of the
Credit Agreement is hereby amended by deleting clause (d) thereof in its entirety and
placing a ”.“ at the end of clause (c) thereof.

2

 

          (h) Section 2.1(a)(i) of the Credit Agreement is hereby amended and restated in its
entirety to read as follows:

“(i)
the Maximum Revolver Amount less the Letter of Credit Usage at
such time less the
Subordinated Notes Reserve at such time, and”

          (i) The fourth sentence of Section 2.3(d)(ii) of the Credit Agreement is hereby
amended and restated in its entirety to read as follows:

“In any event: (x) if any Overadvance remains outstanding for more than 30 days,
unless otherwise agreed to by the Required Lenders, Borrowers shall immediately repay the
Advances in an amount sufficient to eliminate all such Overadvances, and (y) after the date
all such Overadvances have been eliminated, there must be at least five consecutive days
before Overadvances are made.”

          (j) Section 2.4(b)(ii)(H) of the Credit Agreement is hereby amended by: (1) deleting
the “, and” immediately following clause (iii) thereof and inserting a “,” in lieu thereof
and (2) deleting clause (iv) thereof.

          (k) Section 2.4(b)(ii)(I) of the Credit Agreement is hereby amended and restated in
its entirety to read as follows:

“(I) ninth, ratably, to the Bank Product Providers, on account of all amounts
then due and payable in respect of Bank Product Obligations, with any balance to be paid to
Agent, to be held by Agent, for the ratable benefit of the Bank Product Providers, as cash
collateral in an amount up to the amount the Bank Product Providers reasonably determine to
be the credit exposure of Parent and its Subsidiaries in respect of Bank Product
Obligations (which cash collateral shall be applied, ratably, to the payment or
reimbursement of any amounts due and payable with respect to such Bank Product Obligations
as and when such amounts first become due and payable and, if any such Bank Product
Obligation is paid or otherwise satisfied in full, the cash collateral held by Agent in
respect of such Bank Product Obligation shall be reapplied pursuant to this Section
2.4(b)(ii), beginning with tier (A) hereof),”

          (1) Section 2.4(b)(ii)(J) of the Credit Agreement is hereby amended and restated in
its entirety to read as follows:

“(J) tenth, to pay any other Obligations, and”

          (m) Section 2.4(b)(ii) of the Credit Agreement is hereby amended by adding following
clause (K) immediately after clause (J) of such Section:

“(K) eleventh, to Borrowers (to be wired to the Designated Account) or such
other Person entitled thereto under applicable law.”

          (n) Section 2.11(a)(iii) of the Credit Agreement is hereby amended and restated in
its entirety to read as follows:

3

 

“(iii)
the Letter of Credit Usage would exceed the Maximum Revolver Amount
less the
outstanding amount of Advances less the Subordinated Notes Reserve.”

          (o) The first sentence of Section 3.3 of the Credit Agreement is hereby amended and
restated in its entirety to read as follows:

“This Agreement shall continue in full force and effect for a term ending on October
2, 2013 (the “Maturity Date”).”

          (p) Section 9.1(b) of the Credit Agreement is hereby amended and restated in its
entirety to read as follows:

“(b) apply conditions to the availability of Advances and Letters of Credit, or
declare the Revolver Commitments terminated or reduced, whereupon the Revolver Commitments
shall immediately be terminated or reduced, as applicable, together with any obligation of
any Lender hereunder to make Advances and the obligation of the Issuing Lender to issue
Letters of Credit.”

          (q) Clause (y) in the third sentence of Section 15.11(a) of the Credit Agreement is
hereby amended and restated in its entirety to read as follows:

“(y) if the release is of Collateral having an aggregate book value in excess of
$5,000,000 during any calendar year, all of the Lenders (without requiring the
authorization of the Bank Product Providers), or”

          (r) The first sentence of Section 15.12(a) of the Credit Agreement is hereby amended
and restated in its entirety to read as follows.

“(a) Each of the Lenders agrees that it shall not, without the express written consent
of Agent, set off against the Obligations, any amounts owing by such Lender to Parent or
its Non-CFC Subsidiaries or any deposit accounts of Parent or its Non-CFC Subsidiaries now
or hereafter maintained with such Lender.”

     2. Conditions Precedent to Effectiveness of this Amendment. This Amendment
shall not become effective until all of the following conditions precedent shall have been
satisfied in the sole discretion of Agent or waived by Agent:

          (a) Amendment. Agent shall have received this Amendment fully executed in a
sufficient number of counterparts for distribution to all parties.

          (b) Representations and Warranties. The representations and warranties set
forth herein and in the Credit Agreement (other than any such representations or warranties
that, by their terms, are specifically made as of a date other than the date hereof) must
be true and correct.

          (c) Other Required Documentation. Agent shall have received all other
documents and legal matters in connection with the transactions contemplated by this
Amendment and such documents shall have been delivered or executed or recorded and shall be
in form and substance satisfactory to Agent.

4

 

     3. Representations and Warranties. Each Borrower represents and warrants as
follows:

          (a) Authority. Each Borrower has the requisite corporate power and authority
to execute and deliver this Amendment, and to perform its obligations hereunder and under
the Loan Documents (as amended or modified hereby) to which it is a party. The execution,
delivery and performance by each Borrower of this Amendment have been duly approved by all
necessary corporate action, have received all necessary governmental approval, if any, and
do not contravene any law or any contractual restriction binding on any Borrower. No other
corporate proceedings are necessary to consummate such transactions.

          (b) Enforceability. This Amendment has been duly executed and delivered by
each Borrower. This Amendment and each Loan Document (as amended or modified hereby) is the
legal, valid and binding obligation of each Borrower, enforceable against each Borrower in
accordance with its terms, and is in full force and effect.

          (c) Representations and Warranties. The representations and warranties
contained in each Loan Document (other than any such representations or warranties that, by
their terms, are specifically made as of a date other than the date hereof) are correct on
and as of the date hereof as though made on and as of the date hereof.

          (d) No Default. No event has occurred and is continuing that constitutes a
Default or Event of Default.

     4. Choice of Law. The validity of this Amendment, the construction,
interpretation, and enforcement hereof and the rights of the parties hereto with respect to
all matters arising hereunder or related hereto shall be determined under, governed by, and
construed in accordance with the laws of the State of California.

     5. Counterparts. This Amendment may be executed in any number of counterparts
and by different parties and separate counterparts, each of which when so executed and
delivered, shall be deemed an original, and all of which, when taken together, shall
constitute one and the same instrument. Delivery of an executed counterpart of a signature
page to this Amendment by telefacsimile shall be effective as delivery of a manually
executed counterpart of this Amendment.

     6. Reference to and Effect on the Loan Documents.

          (a) Upon and after the effectiveness of this Amendment, each reference in the Credit
Agreement to “this Agreement”, “hereunder”, “hereof’ or words of like import referring to
the Credit Agreement, and each reference in the other Loan Documents to “the Credit
Agreement”, “thereof” or words of like import referring to the Credit Agreement, shall mean
and be a reference to the Credit Agreement as modified and amended hereby.

          (b) Except as specifically set forth in this Amendment, the Credit Agreement and all
other Loan Documents, are and shall continue to be in full force and effect and are hereby
in all respects ratified and confirmed and shall
constitute the legal, valid, binding and enforceable obligations of Borrowers to Agent
and Lenders without defense, offset, claim or contribution.

5

 

          (c) The execution, delivery and effectiveness of this Amendment shall not, except as
expressly provided herein, operate as a waiver of any right, power or remedy of Agent or
any Lender under any of the Loan Documents, nor constitute a waiver of any provision of any
of the Loan Documents.

     7. Ratification. Each Borrower hereby restates, ratifies and reaffirms each
and every term and condition set forth in the Credit Agreement, as amended hereby, and the
Loan Documents effective as of the date hereof.

     8. Estoppel. To induce Agent and Lenders to enter into this Amendment and to
induce Agent and Lenders to continue to make advances to Borrowers under the Credit
Agreement, each Borrower hereby acknowledges and agrees that, after giving effect to this
Amendment, as of the date hereof, there exists no Default or Event of Default and no right
of offset, defense, counterclaim or objection in favor of any Borrower as against Agent or
any Lender with respect to the Obligations.

     9. Integration. This Amendment, together with the other Loan Documents,
incorporates all negotiations of the parties hereto with respect to the subject matter
hereof and is the final expression and agreement of the parties hereto with respect to the
subject matter hereof.

     10. Severability. In case any provision in this Amendment shall be invalid,
illegal or unenforceable, such provision shall be severable from the remainder of this
Amendment and the validity, legality and enforceability of the remaining provisions shall
not in any way be affected or impaired thereby.

     11. Submission of Amendment. The submission of this Amendment to the parties
or their agents or attorneys for review or signature does not constitute a commitment by
Agent or any Lender to waive any of their respective rights and remedies under the Loan
Documents, and this Amendment shall have no binding force or effect until all of the
conditions to the effectiveness of this Amendment have been satisfied as set forth herein.

[Remainder of Page Left Intentionally Blank]

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     IN WITNESS WHEREOF, the parties have entered into this Amendment as of the date first above
written.

	 	 	 	 	 
	 	FINISAR CORPORATION,

a Delaware corporation

 	 
	 	By:  	/s/ S. K. Workman
 	 
	 	 	Title:  	LFO 	 
	 	 	Name:  	S. K. Workman 	 
	 
	 	OPTIUM CORPORATION,

a Delaware corporation

 	 
	 	By:  	/s/ S. K. Workman
 	 
	 	 	Title:  	LFO 	 
	 	 	Name:  	S. K. Workman 	 
	 
	 	WELLS FARGO FOOTHILL, LLC,

a Delaware limited liability company, as Agent and as a

Lender

 	 
	 	By:  	/s/ Patrick McCormack
 	 
	 	 	Title: Vice President 	 
	 	 	Name: Patrick McCormack 	 
	 
	 	BANK OF AMERICA, NA.,

a national banking association, as a Lender

 	 
	 	By:  	 	 
	 	 	Title:                     	 
	 	 	Name: 	 

7

 

	 	 	 	 	 

     IN WITNESS WHEREOF, the parties have entered into this Amendment as of the date first above
written.

	 	 	 	 	 
	 	FINISAR CORPORATION,

a Delaware corporation

 	 
	 	By:  	 	 
	 	 	Title:                     	 
	 	 	Name: 	 
	 
	 	OPTIUM CORPORATION,

a Delaware corporation

 	 
	 	By:  	 	 
	 	 	Title:                     	 
	 	 	Name: 	 
	 
	 	WELLS FARGO FOOTHILL, LLC,

a Delaware limited liability company, as Agent and as a Lender

 	 
	 	By:  	/s/ Patrick McCormack
 	 
	 	 	Title: Vice President 	 
	 	 	Name: Patrick McCormack 	 
	 
	 	BANK OF AMERICA, N.A.,

a national banking association, as a Lender

 	 
	 	By:  	 	 
	 	 	Title:                     	 
	 	 	Name: 	 

7

 

	 	 	 	 	 

     IN WITNESS WHEREOF, the parties have entered into this Amendment as of the date first above
written.

	 	 	 	 	 
	 	FINISAR CORPORATION,

a Delaware corporation

 	 
	 	By:  	 	 
	 	 	Title:                     	 
	 	 	Name: 	 
	 
	 	OPTIUM CORPORATION,

a Delaware corporation

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	Name: 	 
	 
	 	WELLS FARGO FOOTHILL, LLC,

a Delaware limited liability company, as Agent and as a Lender

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	Name: 	 
	 
	 	BANK OF AMERICA, N.A.,

a national banking association, as a Lender

 	 
	 	By: 	/s/
Nima Rassouli	 
	 	 	Title:                     	Assistant Vice
President
	 	 	Name: 	Nima Rassouli
	 

7exv10w2

Exhibit 10.2

XIAMEN INTERNATIONAL BANK SHANGHAI BRANCH

CONTRACT ON MULTI-PURPOSE LOAN

No.: GAS09012

Party A (Loanee): FINISAR SHANGHAI INC.

     Address:       66 Huiqing Road, East Area, Zhangjiang Hi-Tech Park, Shanghai

Party B (Loaner): Xiamen International Bank Shanghai Branch

     Address:       Unit A, 4/F, Yonghua Tower, 138 Pudong Avenue, Shanghai

Whereas,

	 	 	After a bilateral consultation by the parties concerned, Party B has agreed to grant
the following loan for use by Party A, and the Contract is hereby formulated to
clarify their respective economic responsibilities:

	 	 	 	 	 
	1.

	 	Amount of Loan:
	 	Five Million Five Hundred Thousand USD Only
(USD5,500,000.00).
	 
	 	 	 	 
	2.

	 	Valid Term of Loan:
	 	Commencing on January 7, 2010 and concluding on January
6, 2013. Upon the termination of the valid term, the unused loan
amount shall automatically cease to be effective.
	 
	 	 	 	 
	3.	 	Interest Rate of Loan and Calculation of Interest:

	 	3.1	 	Interest Rate of Loan:
	 
	 	 	 	The London Inter-Bank Offered Rate (LIBOR) for USD (loan currency): (3-month term) LIBOR
+ 2.3% (annual interest rate). The LIBOR value at the time of the withdrawal of the loan
amount shall be based on that as published by Reuters at the LIBOR upon the date of
withdrawal of the loan amount granted when the loan interest is beginning to be
calculated, with an adjustment to be made once every three months. The interest rate,
once adjusted, shall be promptly executed.
	 
	 	3.2	 	Calculation of Interest

	 	3.2.1	 	If the interest starts to be calculated on the date of the actual
withdrawal by Party A, the interest payable shall be: the loan amount

	 
	 	 	 	
withdrawn × loan interest rate (annual interest rate) × the number of

 

 

	 	 	 	days when the loan amount is used ÷ 360.

	 	3.2.2	 	Settlement of Interest:
	 
	 	 	 	Within the valid period of this Contract, Party B shall charge loan interest on
quarterly basis, the settlement date being the last banking day at the end of
each three months (one day earlier in case of a legal holiday). Party A shall
repay the interest as due on the day of settlement of interest. The first day for
repayment of interest shall be the first day of settlement of interest after the
issuance of the loan amount.

	4.	 	Purpose of Loan
	 
	 	 	The loan under this Contract shall be used for turnover of current capital.

	5.	 	Application of Loan Amount

	 	5.1	 	Within the valid loan period, Party A shall make a written application to Party B
in two banking days in advance before his withdrawal of each loan amount for use. Party B
has the right to unilaterally decide if the loan amount should be granted to Party A.
With the approval by Party B after a due examination procedure, Party A may proceed to
the use of the loan amount.
	 
	 	5.2	 	Within the valid loan period, the amount, duration and purpose of each loan amount
for use shall be based on the corresponding business vouchers (including but not limited
to debit notes).
	 
	 	5.3	 	The balance total under the use items of each of the sub-items of the loan shall
not exceed the total of the loan amount under this Contract.
	 
	 	5.4	 	Within the valid loan period, Party A may use the loan amount cyclically.

	6.	 	Repayment of Principal and Interest

	 	6.1	 	Party A shall repay as due the principal and interest as specified in this
Contract. When repayment of the loan amount is made, the interest corresponding to the
loan amount shall be cleared up in full. The repayment of the principal and interest
amount shall be made all in the same currency as the original.
	 
	 	6.2	 	Party A, who has presented his notice on premature repayment, may also

2

 

	 	 	 	make premature repayment of all or part of the loan amount yet to be due.
	 
	 	6.3	 	In case the repayment of the principal or interest is due or overdue, Party A shall
have the right to deduct the amount from the account of Party A to cover the principal,
the penalty interest for overdue repayment, and the compound interest. Party A, however,
should give Party B a notice to that effect in advance.

	7.	 	Guarantee:

	 	 	 	 	 
	8.

	 	Business Contact:
	 	(Tick your appropriate option selected in the corresponding
box according to the examination and approval requirements.)

	 	 	 	 	 	 	 	 	 
	 

	 	o
	 	 	8.1	 	 	The recovered amount from the sales or business income of Party A
is to be transferred into the deposit account of Party A established with Party
B. The said recovered amount does not include the amount that is intended by
Party A for repayment of the loan amount to Party B and that has been
transferred into the said deposit account.
	 
	 	 	 	 	 	 	 	 
	 

	 	o
	 	 	8.2	 	 	Businesses on the part of Party A with regard to settlement, sales and
remittance as well as buying and selling transactions of foreign exchange are
to be conducted through Party B.
	 
	 	 	 	 	 	 	 	 
	 

	 	o
	 	 	8.3	 	 	Import and export settlement businesses on the part of Party A are to be
conducted through Party B.
	 
	 	 	 	 	 	 	 	 
	 

	 	o
	 	 	8.4	 	 	Others:

	9.	 	Other Terms and Conditions:

	 	9.	1 	 Party A shall also abide by the following provisions:

	 	9.1.1	 	Party A shall observe the restrained targets as set by Party B for the
financial affairs.
	 
	 	9.1.2	 	Party A shall keep Party B informed of his external guarantee regularly,
and guarantee that the information and the amount of the external guarantee as
provided for Party B are complete, true and accurate.

3

 

	 	9.1.3	 	Party A shall report truthfully to Party B on the use of each loan
amount, and promise that the loan amount borrowed from Party B will not be used
in any form in the stock exchange market or the futures market, nor will it be
used in the investment of an equity nature or in
any other activity in violation of the legal restriction or ban on the use of
the loan.
	 
	 	9.1.4	 	Party B shall not make any of the executive business assets as part of an external guarantee, unless consented to in writing by Party B.

	 	9.2	 	Party A may draw out the amount of not more than USD4,500,000 under this loan
contract, and Party B shall decide, depending on the business status and business
transactions of Party A after a six-month contact by Party B with Party A, as to whether
the remaining amount of USD1,000,000 shall be granted.
	 
	 	9.3	 	Party B has the right to make an adjustment each year to the loan interest rate
under this Contract.
	 
	 	9.4	 	The time for withdrawal of the amount under this loan contract shall not exceed the
annual inspection day as undertaken in the Letter of Commitment on Annual Inspection.
	 
	 	9.5	 	Within the valid loan period, the scale of the international settlement of Party A
at Party B shall not be lower than USD12,000,000, and shall not be lower than
USD3,000,000 for each three months, which shall be placed under inspection on quarterly
basis.
	 
	 	9.6	 	Party A shall enjoy the right of priority in placing any pledge under the mortgage
of Party B.

	10.	 	Declaration and Commitment:

	 	10.1	 	Party A has carefully read this Contract and has fully understood and
accepted the content of this Contract. Party A has signed and promised to perform
this Contract of his own free will, and has truly expressed his meanings.
	 
	 	10.2	 	Party A guarantees to use the loan for a purpose which is proper and lawful, and to
abide by laws in his business operation.
	 
	 	10.3	 	Party A shall provide Party B, on quarterly basis, with information about his
financial and accounting status, production and business status, and

4

 

	 	 	 	other relevant written explanatory statements. Party A shall actively cooperate Party B in and
conscientiously accept the inspection and surveillance of Party B over his production and
business operation, his financial activities, and the use of the loan amount under this
Contract. All the documents, materials, statements and vouchers provided by Party A
under this Contract are true, complete, correct and effective.
	 
	 	10.4	 	Party A, during the valid period of the loan, shall promptly keep Party B informed
of any change in the name, the legal representative (chief), address and business scope
of Party A.
	 
	 	10.5	 	Party A shall give Party B a 30-day written notice and demand a proper performance
of settlement of and guarantee for the debt, in case of an occurrence to Party A, during
the valid period of the loan, that may sufficiently affect the realization of the
creditor’s right of Party B, including decrease in registered capital, contracting,
lease, stock system reformation, cooperated business operation, re-grouping, merge,
branching, joint venture, application for suspension of business for rehabilitation,
application for dissolution of business, and application for bankruptcy.
	 
	 	10.6	 	Party A shall give Party B an immediate written notice and demand a proper
performance of settlement of and guarantee for the debt, in case of an occurrence to
Party A, during the valid period of the loan, that may cause a significant unfavorable
impact on the his ability to clear up his debt, including suspension of production,
close-down of business, cancellation of registration, withdrawal of business license,
engagement of the board director, stockholder, authorized representative or business
chief in an illegal activity or involvement in major procedural activity, serious
frustration in business, and worsening of financial status.
	 
	 	10.7	 	Party A, who intends to provide guarantee, mortgage, hypothecation or any other
form of guarantee that may affect the creditor’s claim of Party B, shall ask Party B
first for consent in writing.
	 
	 	10.8	 	Party A shall undertake the expenses involved in this Contract, including attorney
fee, insurance fee, appraisal fee, registration fee, care-taking service charge,
verification fee and notarization fee.

	11.	 	Breach Incident:

	 	11.1	 	Party A has violated the provisions of this Contract, or has acted against his
declaration and commitment to Party B.

5

 

	 	11.2	 	 Cross-Violation Provisions:
	 
	 	 	 	Party A, who has violated an agreement of a financing nature with Party B, or has
been involved in a major legal procedure or arbitral procedure, or in some other
legal dispute that may affect or impair or has affected or
impaired the right and interest under this Contract, shall be regarded as having
committed an act of breach against this Contract.
	 
	 	11.3	 	 The indexes indicating Party A’s credit degree, earning capacity, asset liability
rate, and net cash circulation in business activities are no longer able to meet the
requirements of Party B for grant of loan, or there has been a major change in the
production and business or in the financial status of Party B, which has brought about a
serious negative impact on the security of this loan.
	 
	 	11.4	 	 Any other instance that Party B deems as sufficient to influence the performance
by Party A of his obligations.

	12.	 	Settlement of Dispute:
	 
	 	 	Party B shall have the right to take any one or a number of the following measures in case of
a breach act against this Contract:

	 	12.1	 	Execute a corresponding adjustment, cancellation or suspension of the loan under
this Contract, or an adjustment to the expiry date for the loan under this Contract.
	 
	 	12.2	 	Suspend the grant of the loan under this Contract, announce prompt expiration of
the loan, and demand that Party A immediately repay the relevant principal and interest
of the loan and pay the relevant expenses.
	 
	 	12.3	 	Charge a compound interest on the interest unpaid by Party A as scheduled
(including all or part of the prematurely due loan interest to be paid to Party B),
beginning from the following day after the day interest is due, on the basis of the
penalty interest rate for delay in repayment as specified in Clause 12. 4.
	 
	 	12.4	 	Charge an interest on the overdue loan amount (including all or part of the
prematurely due loan principal to be repaid to Party B) on the basis of the penalty
interest rate for delay in repayment as agreed on in this clause. The penalty interest
rate for delay in repayment includes the following: aside from the interest to be paid on
the basis of the interest rate as agreed on in Clause 3. 1 under this Contract, Party A
shall pay separately to Party B the penalty interest for the delay in repayment on the
overdue loan

6

 

	 	 	 	amount yet to be repaid, beginning from the day of delay in the repayment of
the loan amount till the principal is cleared up. The penalty interest rate for delay in
repayment shall be 50% of the loan interest rate as agreed on in Clause 3. 1 of this
Contract.
	 
	 	12.5	 	Party A, who has failed to use the loan amount as specified in this Contract,
shall undertake a contractual fine to Party B for the loan amount misused beginning from
the date of the said misuse till the principal is cleared up. The rate of the contractual
fine shall be 100% of the loan interest rate as agreed on in Clause 3. 1 of this
Contract.
	 
	 	12.6	 	Party B may deduct the amount of the overdue loan principal, the interest, the
penalty interest, the compound interest and the contractual fine directly from the
account of Party A.
	 
	 	12.7	 	Party B shall have the right to demand that Party A provide Party B with a new
guarantee acceptable to Party B.

	13.	 	The actual business vouchers (including but not limited to the loan instruments) and other
relevant legal documents shall form an inseparable part of this Contract.
	 
	14.	 	This Contract shall come into force after the signature and seal by Party A and Party B and
after the completion of the terms and conditions for loan as specified in this Contract (if
applicable). This Contract stays effective till all the loan principal and interest, the
penalty interest, the compound interest and other expenses under this Contract are cleared up
by Party A.
	 
	15.	 	The invalidity of all or part of the provisions under this Contract shall not affect the
validity of the provisions on guarantee.
	 
	16.	 	This Contract is governed by the laws of the People’s Republic of China. In case of a dispute
arising from the performance of this Contract, the case shall be filed for a decision to the
local People’s Court in the area of which Party B is located. During the period of the legal
procedure, the provisions that are not involved in the dispute shall continue to be
implemented.
	 
	17.	 	Other provisions agreed on:
	 
	18.	 	This Contract is made in three copies to be held one copy by Party A and two
copies by Party B. All the three copies are of equal legal validity.

7

 

	 	 	 
	Party A: (Personal Seal):

	 	Party B:
	 
	 	 
	FINISAR SHANGHAI INC.

	 	XIAMEN INTERNATIONAL BANK
	 

	 	SHANGHAI BRANCH
	(Seal)

	 	(Seal)
	 
	 	 
	Legal Representative

	 	Legal Representative
	(or Authorized Representative):

	 	(or Authorized Representative):
	(Signature/Seal)

	 	(Seal)
	 
	 	 
	Zhang Dapeng (Seal)
	 	 

Date Signed: January 6, 2010

Place Signed: Shanghai Pudong New Area

Witness: Fang Jingjing (Signature)

8

 

Letter of Commitment on Annual Inspection

Xiamen International Bank Shanghai Branch:

Your Bank and this Company have entered into the ‘Contract on Multi-Purpose Loan’ (No.:
GAS09012) (‘Loan Contract’), agreeing that your Bank shall grant a multi-purpose loan
amounting to Five Million Five Hundred Thousand USD only (USD5,500,000.00) to this Company for
a period commencing on January 7, 2010 and concluding on January 6, 2013. This Company has
hereby made the following commitment that during the said loan period, your Bank shall have
the right to conduct an annual inspection of the business status of this Company prior to
January 6 each year (annual inspection day); and shall have the right to decide if this
Company is allowed to continue the use of the loan amount under the Loan Contract. If this
Company has proved to have abided by the provisions of the Loan Contract and if your Bank
shall still decide to dissolve the Loan Contract after your inspection, the Loan Contract
shall then be terminated on January 6 of the year. Your Bank shall have the right to demand
claims from this Company and the guarantor in accordance with the then situation upon the
termination of the loan.

This Letter of Commitment on Annual Inspection, once formulated, shall be irreversible and
irrevocable.

This Letter of Commitment on Annual Inspection forms a supplementary document to the Loan
Contract and an inseparable part of the Loan Contract.

	 	 	 
	 

	 	Committed By:
	 

	 	(Common Seal and Signature of Authorized
Signatory)
	 
	 	 
	 

	 	Zhang Dapeng (Seal)
	 
	 	 
	 

	 	FINISAR SHANGHAI INC.
	 

	 	                 
                      (Seal)
	 
	 	 
	 

	 	Dated: January 6, 2010

Witnessed By: Fang Jingjing (Signed)

9

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