Document:

exv4w1

 

Exhibit 4.1

AMENDED AND RESTATED

CERTIFICATE OF INCORPORATION

OF MRV COMMUNICATIONS, INC.

     MRV Communications, Inc., a corporation organized and existing under the laws of the State of
Delaware (the “Corporation”), hereby certifies as follows:

     FIRST: The name of the Corporation is MRV Communications, Inc.

     SECOND: The original Certificate of Incorporation of the Corporation was filed with the
Secretary of the State of Delaware on March 9, 1992, under the name “MRV Technologies, Inc.”

     THIRD: All amendments to the Certificate of Incorporation reflected herein have been duly
authorized and adopted by the Corporation’s Board of Directors and stockholders in accordance with
the provisions of Sections 242 and 245 of the Delaware General Corporation Law. This Amended and
Restated Certificate of Incorporation restates, integrates, amends and supersedes the provisions of
the Certificate of Incorporation of this Corporation as previously filed and as the same may have
been heretofore amended.

     FOURTH: The text of the Certificate of Incorporation as previously filed and as the same may
have been heretofore amended is hereby restated and further amended to read in its entirety as
follows:

     1. The name of the Corporation is MRV Communications, Inc.

     2. The address of its registered office in the State of Delaware is 2711 Centerville Road
Suite 400, Wilmington, New Castle County, Delaware 19808. The name of its registered agent at such
address is Corporation Service Company.

     3. The nature of the business or purposes to be conducted or promoted is:

     To engage in any lawful act or activity for which corporations may be organized under the
General Corporation Law of Delaware.

     4. This Corporation is authorized to issue two classes of stock, to be designated
respectively, “Common Stock” and “Preferred Stock.” The total number of shares of stock which the
Corporation shall have authority to issue is Three Hundred Twenty One Million (321,000,000) shares,
of which Three Hundred Twenty Million (320,000,000) shares shall be designated Common Stock, with a
par value of $0.0017 per share, and One Million (1,000,000) shares shall be designated Preferred
Stock, with a par value of $0.01 per share.

     Additional designations and powers, the rights and preferences and the qualifications,
limitations or restrictions with respect to each class of stock of the Corporation shall be as
determined by the Board of Directors from time to time.

     5. The Corporation is to have perpetual existence.

     6. In furtherance and not in limitation of the powers conferred by statute, this board of
directors is expressly authorized:

          To make, alter or repeal the bylaws of the Corporation.

          To authorize and cause to be executed mortgages and liens upon the real and personal property
of the Corporation.

          To set apart out of any of the funds of the Corporation available for dividends a reserve or
reserves for any proper purpose and to abolish any such reserve in the manner in which it was
created.

          By a majority of the whole board, to designate one or more committees, each committee to
consist of one or more of the directors of the Corporation. The board may designate one or more

 

 

directors as alternate members of any committee, who may replace any absent or disqualified
member at any meeting of the committee. The bylaws may provide that in the absence or
disqualification of a member of a committee, the member or members thereof present at any meeting
and not disqualified from voting, whether or not he or they constitute a quorum, may unanimously
appoint another member of the board of directors to act at the meeting in the place of any such
agent or disqualified member. Any such committee, to the extent provided in the resolution of the
board of directors, or in the bylaws of the Corporation, shall have and may exercise all the powers
and authority of the board of directors in the management of the business and affairs of the
Corporation, and may authorize the seal of the Corporation to be affixed to all papers which may
require it; but no such committee shall have the power or authority in reference to amending the
certificate of incorporation, adopting an agreement of merger or consolidation, recommending to the
stockholders the sale, lease, or exchange of all or substantially all of the Corporation’s property
and assets, recommending to the stockholders a dissolution of the Corporation or a revocation of a
dissolution, or amending the bylaws of the Corporation; and, unless the resolution or bylaws
expressly so provide, no such committee shall have the power or authority to declare a dividend or
to authorize the issuance of stock.

          When and as authorized by the stockholders in accordance with statute, to sell, lease or
exchange all or substantially all of the property and assets of the Corporation, including its
goodwill and its corporate franchises, upon such terms and conditions and for such consideration,
which may consist in whole or in part of money or property, including shares of stock in, and/or
other securities of, any other corporation or corporations, as its board of directors shall deem
expedient and for the best interests of the Corporation.

     7. To the maximum extent permitted by Section 102(b)(7) of the General Corporation Law of
Delaware, a director of this Corporation shall not be personally liable to the Corporation or its
stockholders for monetary damage for breach of fiduciary duty as a director, except for liability
(i) for any breach of the director’s duty of loyalty to the Corporation or its stockholders, (ii)
for acts or omissions not in good faith or which involve intentional misconduct or a knowing
violation of (iii) under Section 174 of the Delaware General Corporation Law, or (iv) for any
transaction from which the director derived an improper personal benefit.

     8. Whenever a compromise or arrangement is proposed between this Corporation and its creditors
or any class of them and/or between this Corporation and its stockholders or any class of them, any
court of equitable jurisdiction within the State of Delaware may, on the application in a summary
way of this Corporation or of any creditor or stockholder thereof, or on the application of any
receiver or receiver, appointed for this Corporation under the provisions of Section 291 of Title 8
of the Delaware Code or on the application of trustees in dissolution or of any receiver or
receivers appointed for this Corporation under the provisions of Section 279 of Title 8 of the
Delaware Code, order a meeting of the creditors or class of creditors, and/or of the stockholders
or class of stockholders of this Corporation, as the case may be, to be summoned in such manner as
the said court directs. If a majority in number representing three-fourths in value of the
creditors or class of creditors, and/or of the stockholders or class of stockholders of this
Corporation, as the case may be, agree to any compromise or arrangement and to any reorganization
of this Corporation as a consequence of such compromise or arrangement, the said compromise or
arrangement and the said reorganization shall, if sanctioned by the court to which the said
application has been made, be binding on all the creditors or class of creditors, and/or on all the
stockholders or class of stockholders of this Corporation, as the case may be, and also on this
Corporation.

     9. Meetings of the stockholders may be held within or without the State of Delaware, as the
bylaws may provide. The books of the Corporation may be kept (subject to any provision contained
in the statutes) outside the State of Delaware at such place or places as may be designated from
time to time by the Board of Directors or in the bylaws of the Corporation. Elections of directors
need not be by written ballot unless the bylaws of the Corporation shall so provide.

- 2 -

 

     10. The Corporation reserves the right to amend, alter, change, or repeal any provision
contained in this Certificate of Incorporation, in the manner now or hereafter prescribed by
statute, and all rights conferred upon stockholders herein are granted subject to this reservation.

     IN WITNESS WHEREOF, the Corporation has caused this Amended and Restated Certificate of
Incorporation to be signed by Noam Lotan, its President and Chief Executive Officer, and attested
by Shlomo Margalit, its Secretary, this 14th of June, 2007.

	 	 	 	 	 
	 	MRV COMMUNICATIONS, INC.

 	 
	 	/s/ Noam Lotan
 	 
	 	Noam Lotan, President and CEO 	 
	 	 	 
	 

	 	 	 
	ATTEST
	 	 
	 
	 	 
	/s/ Shlomo Margalit
	 	 
	 

Shlomo Margalit, Secretary

	 	 

- 3 -exv10w3

 

Exhibit 10.3

CONSENT AND WAIVER

April 4, 2007

Deutsche Bank, AG

London Branch

c/o Deutsche Bank AG

31 West 52nd Street

New York, New York 10019

Attn: Nick Brumm

        Tracy Fu

Ladies and Gentlemen:

Reference is made to that certain Convertible Note, dated as of June 4, 2003, as amended as of June
13, 2003 (the “Note”) issued by MRV Communications, Inc. (the “Company”) in favor
of Deutsche Bank, AG London Branch (the “Lender”) pursuant to a Securities Purchase
Agreement dated June 4, 2003 (the “Agreement”).

The purpose of this letter is to inform you that the Company is currently engaged in an acquisition
transaction which may impact certain covenants in the Note. As publicly announced, on January 26,
2007, the Company and its newly-formed, wholly-owned subsidiaries, Lighthouse Transition
Corporation and Lighthouse Acquisition Corporation (“LAC”), entered into an Agreement and
Plan of Merger (the “Merger Agreement”) with Fiberxon, Inc., a privately-held Delaware
corporation (“Fiberxon”), under which the Company agreed to acquire Fiberxon. The closing
of the Fiberxon acquisition is subject to the satisfaction of various conditions precedent,
including completion of an audit of Fiberxon’s financial statements for fiscal years 2006, 2005 and
2004, and obtaining necessary governmental and third-party approvals and consents in the U.S. and
China as well as other customary closing conditions. Assuming the transaction closes as expected,
through mergers of Fiberxon with the Company’s wholly owned subsidiaries (the “Mergers”),
LAC will succeed to Fiberxon’s name, business, properties and assets and will assume its
obligations and will remain a wholly-owned subsidiary of the Company. Following the closing of the
acquisition, the Company intends to contribute the capital stock of Fiberxon to Luminent, Inc.
(“Luminent”), a wholly-owned subsidiary of the Company, or otherwise combine Fiberxon’s
business with Luminent’s business.

Pursuant to the Merger Agreement, the total consideration payable to the holders of Fiberxon’s
capital stock is approximately $130,896,170. The merger consideration consists of 21,188,630
shares of the Company’s common stock (including the assumption of shares underlying the outstanding
Fiberxon stock options), an amount of cash equal to approximately $17,396,170, and an amount equal
to approximately $31,500,000 of deferred consideration payment. The number of shares of the
Company’s common stock to be issued is fixed; the calculation of the shares to be issued was
initially determined based on a price of $3.87 per share, however the option exchange ratio to be
used in the assumption of the Fiberxon options will depend on the price of the Company’s common
stock just prior to and at the time of closing. The aggregate deferred consideration payment may be
(i) increased in the event that the portion of the proceeds of the proposed initial public offering
of Luminent (the “Luminent IPO”) apportioned to the Fiberxon stockholders is more than
$31,500,000, or (ii) decreased (a) by any successful

 

 

claims made against the certain funds set aside to provide recourse to MRV for certain matters and
any expenses incurred by the Stockholder’s Agent and (b) in the event the value of the portion of
the proceeds of the Luminent IPO apportioned to the Fiberxon stockholders is less than $31,500,000.

In addition, in the interim period prior to closing of the transactions contemplated by the Merger
Agreement, the Company is also taking actions to assist Fiberxon in procuring additional lines of
credit. In doing so, the Company obtained a letter of credit in favor of one of Fiberxon’s
existing banking creditors on March 29, 2007, and may obtain one or more additional letters of
credit in favor of Fiberxon’s banking creditors, which may or may not require the Company to
provide a deposit account or other security to the issuing bank. Attached is a copy of the
Company’s Current Report on Form 8-K filed on April 3, 2007 with the U.S. Securities and Exchange
Commission reporting this financing arrangement.

In accordance with the terms of Section 8(e) of the Agreement and Section 11 of the Note, the
Company hereby requests, to the extent applicable:

	 	•	 	a waiver from the terms set forth in Section 8 of the Note, including the Lender’s
waiver and release of any Event of Default by the Company under Section 8, as a result
of the incurrence of additional Indebtedness with respect to the Deferred Consideration
Payment at the time of the closing of the Mergers, and as a result of any secured
indebtedness resulting from the Company’s provision of a letter of credit or other
guarantee in support of the issuance of one or more lines of credit of up to $5 million
in the aggregate to Fiberxon; and
	 
	 	•	 	a waiver from the terms set forth in Section 2(e)(iv)(D) of the Note, including the
Lender’s waiver and release of any Event of Default by the Company under Section
2(e)(iv)(D), as a result of any issuances of options at a per share exercise price
lower than $2.32, if applicable at the time of the determination of the option exchange
ratio and the assumption of the Fiberxon options upon closing of the Mergers.

Please indicate your agreement and written consent to the foregoing by signing this letter and
returning the executed original to the undersigned at the address set forth above within three
business days of receipt. Please also send a copy of the executed letter via facsimile to the
undersigned at (818) 407-5656. Please note, the Company intends to file a Current Report on Form
8-K reporting the scope and effect of this waiver within four days of its receipt. Consistent with
the requirements of Section 4(i) of the Agreement, the Company will provide you a copy of the
Current Report prior to its filing.

 

 

If you have any further questions, please contact either the undersigned at (818) 773-0900 or
Shoshannah D. Katz of Kirkpatrick & Lockhart Preston Gates Ellis LLP at (310) 552-5063.

	 	 	 	 	 	 	 
	 	 	Sincerely,
	 
	 	 	 	 	 	 
	 	 	MRV COMMUNICATIONS, INC.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Noam Lotan	 	 
	 

	 	 	 	 	 	 
	 	 	Name:   Noam Lotan
	 	 	Title:     Chief Executive Officer

	 	 	 
	cc:

	 	Mark A. Klein
	 

	 	Shoshannah D. Katz

	 	 	 
	AGREED AND ACCEPTED:
	 
	 	 
	DEUTSCHE BANK, AG LONDON BRANCH
	 
	 	 
	By:

	 	/s/ Sunil Hariani /s/ Andrea Leung
	 

	 	 
	 
	 	 
	Title: Director Managing Director

	 	 	 
	4/17/07
	 	 
	 

Date

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