Document:

Sixth Supplemental Indenture

 EXHIBIT 10.4 

 
  
 SIXTH SUPPLEMENTAL INDENTURE 
 Dated as of October 4, 2012

 Among 
 LIVE NATION ENTERTAINMENT, INC., 
 LIVE NATION USHTOURS (USA), LLC,

 The Existing Guarantors Party Hereto 
 And 
 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., 

as Trustee 
  

 

 THIS SIXTH SUPPLEMENTAL INDENTURE (this “Sixth Supplemental Indenture”),
entered into as of October 4, 2012, among LIVE NATION ENTERTAINMENT, INC., a Delaware corporation (the “Issuer”), the guarantors listed in Appendix I attached hereto (the “Existing Guarantors”), LIVE
NATION USHTOURS (USA), LLC, a Delaware limited liability company (the “New Guarantor,” and together with the Existing Guarantors, the “Guarantors”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as
trustee (the “Trustee”). 
 RECITALS 

WHEREAS, the Issuer, the Existing Guarantors and the Trustee are parties to an Indenture, dated as of May 6, 2010, as supplemented
by the First Supplemental Indenture, dated as of February 14, 2011, the Second Supplemental Indenture dated as of August 4, 2011, the Third Supplemental Indenture, dated as of January 4, 2012, the Fourth Supplemental Indenture dated
as of February 28, 2012 and the Fifth Supplemental Indenture dated as of August 16, 2012 (as so supplemented, the “Indenture”), relating to the Issuer’s 8.125% Senior Notes due 2018 (the “Notes”);

 WHEREAS, Section 4.13 of the Indenture requires the Issuer to cause each Domestic Subsidiary that is not a Guarantor
under the Notes but becomes a guarantor under a Credit Facility to execute and deliver to the Trustee a supplemental indenture pursuant to which such Domestic Subsidiary shall unconditionally guarantee all of the Issuer’s obligations under the
Indenture and the Notes; 
 WHEREAS, the Issuer desires to amend the Notes pursuant to Section 9.01 of the Indenture to
reflect the addition of the New Guarantor; 
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Issuer, the
Guarantors and the Trustee can execute this Sixth Supplemental Indenture without the consent of holders; 
 WHEREAS, all things
necessary have been done to make this Sixth Supplemental Indenture, when executed and delivered by the Issuer and the Guarantors, the legal, valid and binding agreement of the Issuer and the Guarantors, in accordance with its terms; and 

NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and intending to be legally bound, the parties to
this Sixth Supplemental Indenture hereby agree as follows: 
 ARTICLE I 

Section 1.1 Capitalized Terms. Capitalized terms used herein and not otherwise defined herein are used as defined in the
Indenture. 
 Section 1.2 Agreement to Guarantee. The New Guarantor hereby agrees to guarantee the Issuer’s
obligations under the Notes on the terms and subject to the conditions set forth in Article 10 of the Indenture. From and after the date hereof, the New Guarantor shall be a Guarantor for all purposes under the Indenture and the Notes. 

Section 1.3 Incorporation of Terms of Indenture. The obligations of the New Guarantor under the Guarantee shall be governed
in all respects by the terms of the Indenture and shall constitute a Guarantee thereunder. The New Guarantor shall be bound by the terms of the Indenture as they relate to the Guarantee. 

  
 1 

 ARTICLE II 
 Section 2.1 Amendment of the Notes. Any corresponding provisions reflected in the Notes shall also be deemed amended in conformity herewith. 

Section 2.2 Effectiveness of Amendments. This Sixth Supplemental Indenture shall be effective upon execution hereof by the
Issuer, the Guarantors and the Trustee. 
 Section 2.3 Interpretation; Severability. The Indenture shall be modified
and amended in accordance with this Sixth Supplemental Indenture, and all the terms and conditions of both shall be read together as though they constitute one instrument, except that, in case of conflict, the provisions of this Sixth Supplemental
Indenture will control. The Indenture, as modified and amended by this Sixth Supplemental Indenture, is hereby ratified and confirmed in all respects and shall bind every holder of Notes. In case of conflict between the terms and conditions
contained in the Notes and those contained in the Indenture, as modified and amended by this Sixth Supplemental Indenture, the provisions of the Indenture, as modified by this Sixth Supplemental Indenture, shall control. In case any provision in
this Sixth Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 2.4 Governing Law. This Sixth Supplemental Indenture shall be governed by and construed in accordance with the laws
of the State of New York. 
 Section 2.5 Counterparts. This Sixth Supplemental Indenture may be signed in various
counterparts which together will constitute one and the same instrument. 
 Section 2.6 Effect of Headings. The
Section headings herein are for convenience only and shall not effect the construction hereof. 
 Section 2.7
Trustee. The recitals contained herein are made by the Issuer and the Guarantors, and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or
sufficiency of this Sixth Supplemental Indenture. All rights, protections, privileges, indemnities and benefits granted or afforded to the Trustee under the Indenture shall be deemed incorporated herein by this reference and shall be deemed
applicable to all actions taken, suffered or omitted by the Trustee under this Sixth Supplemental Indenture. 
 [Signature
Pages Follow] 

  
 2 

 IN WITNESS WHEREOF, the parties hereto have caused this Sixth Supplemental Indenture to be
duly executed as of the date first above written. 
  

			
	 LIVE NATION ENTERTAINMENT, INC.,
 as Issuer

		
	By:	 	/s/ Kathy Willard
	Name:	 	Kathy Willard
	Title:	 	 Executive Vice President,

Chief Financial Officer and
 Assistant
Secretary

  

			
	 LIVE NATION USHTOURS (USA), LLC,
 as New Guarantor

		
	By:	 	/s/ Kathy Willard
	Name:	 	Kathy Willard
	Title:	 	 Executive Vice President,

Chief Financial Officer and Secretary

  
 Signature Page
to Sixth Supplemental Indenture 

 
					
	LN ACQUISITION HOLDCO LLC	 	
			
	By:	 	 LIVE NATION ENTERTAINMENT, INC.,

its sole member
	 	
			
	By:	 	/s/ Michael Rowles	 	
	Name:	 	Michael Rowles	 	
	Title:	 	 Executive Vice President,

General Counsel and Secretary
	 	
		
	CONNECTICUT PERFORMING ARTS PARTNERS	 	
			
	By:	 	 NOC, INC.,a general partner
	 	
			
	By:	 	/s/ Kathy Willard	 	
	Name:	 	Kathy Willard	 	
	Title:	 	 Executive Vice President
	 	
			
	By:	 	 CONNECTICUT AMPHITHEATER DEVELOPMENT CORPORATION,
 a general partner
	 	
			
	By:	 	/s/ Kathy Willard	 	
	Name:	 	Kathy Willard	 	
	Title:	 	 Executive Vice President
	 	
		
	NEW YORK THEATER, LLC	 	
			
	By:	 	 LIVE NATION ENTERTAINMENT, INC.,

its sole member
	 	
			
	By:	 	/s/ Michael Rowles	 	
	Name:	 	Michael Rowles	 	
	Title:	 	 Executive Vice President,

General Counsel and Secretary
	 	

  
 Signature Page
to Sixth Supplemental Indenture 

 BILL GRAHAM ENTERPRISES, INC. 

CELLAR DOOR VENUES, INC. 
 COBB’S COMEDY INC. 
 CONNECTICUT AMPHITHEATER DEVELOPMENT
CORPORATION 
 CONNECTICUT PERFORMING ARTS, INC. 
 EVENING STAR PRODUCTIONS, INC. 
 EVENTINVENTORY.COM, INC. 

EVENT MERCHANDISING INC. 
 FILLMORE THEATRICAL SERVICES 
 FLMG HOLDINGS CORP. 

HOB MARINA CITY, INC. 
 HOUSE OF BLUES SAN DIEGO, LLC 
 IAC PARTNER MARKETING, INC. 

LIVE NATION LGTOURS (USA), LLC 
 LIVE NATION MARKETING, INC. 
 LIVE NATION MTOURS (USA), INC. 

LIVE NATION TOURING (USA), INC. 
 LIVE NATION UTOURS (USA), INC. 
 LIVE NATION WORLDWIDE, INC. 

MICROFLEX 2001 LLC 
 NETTICKETS.COM, INC. 
 NOC, INC. 

OPENSEATS, INC. 

PREMIUM INVENTORY, INC. 
 SHORELINE AMPHITHEATRE, LTD. 
 SHOW ME TICKETS, LLC 

THE V.I.P. TOUR COMPANY 
 TICKETMASTER ADVANCE TICKETS, L.L.C. 
 TICKETMASTER CHINA VENTURES, L.L.C.

 TICKETMASTER EDCS LLC 
 TICKETMASTER-INDIANA, L.L.C. 
 TICKETMASTER L.L.C. 

TICKETMASTER MULTIMEDIA HOLDINGS LLC 
 TICKETMASTER NEW VENTURES HOLDINGS, INC. 
 TICKETSNOW.COM, INC. 

TICKETWEB, LLC 

TM VISTA INC. 

TNA TOUR II (USA) INC. 
 TNOW ENTERTAINMENT GROUP, INC. 
  

					
	By:	 	/s/ Kathy Willard	 	
	Name:	 	Kathy Willard	 	
	Title:	 	Executive Vice President	 	

  
 Signature Page
to Sixth Supplemental Indenture 

 HOB BOARDWALK, INC. 

HOB CHICAGO, INC. 
 HOB ENTERTAINMENT, LLC 
 HOB PUNCH LINE S.F. CORP. 

HOUSE OF BLUES ANAHEIM RESTAURANT CORP. 
 HOUSE OF BLUES CLEVELAND, LLC 
 HOUSE OF BLUES CONCERTS, INC. 

HOUSE OF BLUES DALLAS RESTAURANT CORP. 
 HOUSE OF BLUES HOUSTON RESTAURANT CORP. 
 HOUSE OF BLUES LAS VEGAS RESTAURANT
CORP. 
 HOUSE OF BLUES LOS ANGELES RESTAURANT CORP. 
 HOUSE OF BLUES MYRTLE BEACH RESTAURANT CORP. 
 HOUSE OF BLUES NEW ORLEANS
RESTAURANT CORP. 
 HOUSE OF BLUES ORLANDO RESTAURANT CORP. 

HOUSE OF BLUES RESTAURANT HOLDING CORP. 
 HOUSE OF BLUES SAN DIEGO RESTAURANT CORP. 
 LIVE NATION CHICAGO, INC. 

LIVE NATION CONCERTS, INC. 
 LIVE NATION MID-ATLANTIC, INC. 
  

					
	By:	 	/s/ Michael Rowles	 	
	Name:	 	Michael Rowles	 	
	Title:	 	President	 	

 HARD EVENTS LLC 
 LIVE NATION MERCHANDISE, INC. 
 LIVE NATION TICKETING, LLC 

LIVE NATION VENTURES, INC. 
  

					
	By:	 	/s/ Michael Rowles	 	
	Name:	 	Michael Rowles	 	
	Title:	 	 Executive Vice President,

General Counsel and Secretary
	 	

 LIVE NATION BOGART, LLC 
 LIVE NATION – HAYMON VENTURES, LLC 
 LIVE NATION STUDIOS, LLC 

MICHIGAN LICENSES, LLC 
 MUSICTODAY, LLC 
 WILTERN RENAISSANCE LLC 

 

					
	By:	 	 LIVE NATION WORLDWIDE, INC.,

its sole member
	 	
			
	By:	 	/s/ Kathy Willard	 	
	Name:	 	Kathy Willard	 	
	Title:	 	Executive Vice President	 	

  
 Signature Page
to Sixth Supplemental Indenture 

 AZOFF PROMOTIONS LLC 

CAREER ARTIST MANAGEMENT LLC 
 ENTERTAINERS ART GALLERY LLC 
 FRONT LINE BCC LLC 

FRONT LINE MANAGEMENT GROUP, INC. 
 ILA MANAGEMENT, INC. 
 MORRIS ARTISTS MANAGEMENT LLC 

VECTOR MANAGEMENT LLC 
 VECTOR WEST, LLC 
 VIP NATION, INC. 

 

					
	By:	 	/s/ Michael Rowles	 	
	Name:	 	Michael Rowles	 	
	Title:	 	Vice President and Assistant Secretary	 	

 FEA MERCHANDISE INC. 
 SPALDING ENTERTAINMENT, LLC 
  

					
	By:	 	/s/ Michael Rowles	 	
	Name:	 	Michael Rowles	 	
	Title:	 	Vice President and Assistant Secretary	 	

  
 Signature Page
to Sixth Supplemental Indenture 

 THE BANK OF NEW YORK MELLON TRUST 

COMPANY, N.A., 

as Trustee 
  

					
	By:	 	/s/ Linda Garcia	 	
	Name:	 	Linda Garcia	 	
	Title:	 	Vice President	 	

  
 Signature Page
to Sixth Supplemental Indenture 

 APPENDIX I 

Existing Guarantors 
 FLMG HOLDINGS CORP., 
 IAC PARTNER MARKETING, INC., 

MICROFLEX 2001 LLC, 
 TICKETMASTER ADVANCE TICKETS, L.L.C., 
 TICKETMASTER CHINA VENTURES, L.L.C.,

 TICKETMASTER EDCS LLC, 
 TICKETMASTER L.L.C., 
 TICKETMASTER MULTIMEDIA HOLDINGS LLC, 

TICKETMASTER NEW VENTURES HOLDINGS, INC., 
 TICKETMASTER-INDIANA, L.L.C., 
 TM VISTA INC., 

EVENTINVENTORY.COM, INC., 
 NETTICKETS.COM, INC., 
 OPENSEATS, INC., 

PREMIUM INVENTORY, INC., 
 SHOW ME TICKETS, LLC, 
 THE V.I.P. TOUR COMPANY, 

TICKETSNOW.COM, INC., 
 TNOW ENTERTAINMENT GROUP, INC., 
 TICKETWEB, LLC, 

FRONT LINE MANAGEMENT GROUP, INC., 
 AZOFF PROMOTIONS LLC, 
 CAREER ARTIST MANAGEMENT LLC, 

FRONT LINE BCC LLC, 

  
 Appendix I

 ILA MANAGEMENT, INC., 

ENTERTAINERS ART GALLERY LLC, 
 FEA MERCHANDISE INC., 
 MORRIS ARTISTS MANAGEMENT LLC, 

SPALDING ENTERTAINMENT, LLC, 
 VECTOR MANAGEMENT LLC, 
 VECTOR WEST, LLC, 

VIP NATION, INC., 
 BILL GRAHAM ENTERPRISES, INC., 
 CELLAR DOOR VENUES, INC., 

COBB’S COMEDY INC., 
 CONNECTICUT AMPHITHEATER DEVELOPMENT CORPORATION, 
 CONNECTICUT PERFORMING ARTS,
INC., 
 CONNECTICUT PERFORMING ARTS PARTNERS, 
 EVENING STAR PRODUCTIONS, INC., 
 EVENT MERCHANDISING INC., 

FILLMORE THEATRICAL SERVICES, 
 HARD EVENTS LLC 
 HOB BOARDWALK, INC., 

HOB CHICAGO, INC., 
 HOB ENTERTAINMENT, LLC, 
 HOB MARINA CITY, INC., 

HOB PUNCH LINE S.F. CORP. 
 HOUSE OF BLUES ANAHEIM RESTAURANT CORP., 
 HOUSE OF BLUES CLEVELAND, LLC,

  
 Appendix I

 HOUSE OF BLUES CONCERTS, INC., 

HOUSE OF BLUES DALLAS RESTAURANT CORP., 
 HOUSE OF BLUES HOUSTON RESTAURANT CORP., 
 HOUSE OF BLUES LAS VEGAS RESTAURANT
CORP., 
 HOUSE OF BLUES LOS ANGELES RESTAURANT CORP., 

HOUSE OF BLUES MYRTLE BEACH RESTAURANT CORP., 
 HOUSE OF BLUES NEW ORLEANS RESTAURANT CORP., 
 HOUSE OF BLUES ORLANDO RESTAURANT
CORP., 
 HOUSE OF BLUES RESTAURANT HOLDING CORP., 
 HOUSE OF BLUES SAN DIEGO, LLC, 
 HOUSE OF BLUES SAN DIEGO RESTAURANT CORP.,

 LIVE NATION BOGART, LLC 
 LIVE NATION CHICAGO, INC. 
 LIVE NATION CONCERTS, INC. 

LIVE NATION – HAYMON VENTURES, LLC 
 LIVE NATION LGTOURS (USA), LLC, 
 LIVE NATION MARKETING, INC., 

LIVE NATION MERCHANDISE, INC., 
 LIVE NATION MID-ATLANTIC, INC., 
 LIVE NATION MTOURS (USA), INC., 

LIVE NATION STUDIOS, LLC, 
 LIVE NATION TICKETING, LLC, 

  
 Appendix I

 LIVE NATION TOURING (USA), INC., 

LIVE NATION UTOURS (USA), INC., 
 LIVE NATION VENTURES, INC., 
 LIVE NATION WORLDWIDE, INC., 

LN ACQUISITION HOLDCO LLC, 
 MICHIGAN LICENSES, LLC, 
 MUSICTODAY, LLC, 

NEW YORK THEATER, LLC, 
 NOC, INC., 
 SHORELINE AMPHITHEATRE, LTD., 

TNA TOUR II (USA) INC., 
 WILTERN RENAISSANCE LLC 

  
 Appendix IAmended and Restated Employment Offer Letter

 Exhibit 10.1 

 
 

 
 Fabrinet USA Inc. 
 4104-24th Street, Suite 345 
 San Francisco, CA 94114 

November 2, 2012 

Mr. John Marchetti 
 C/O Fabrinet USA, Inc.

 4104-24th Street, Suite 345 
 San Francisco, CA 94114 
 Dear John, 
 The purpose of this letter is to amend your current employment arrangement with Fabrinet USA, Inc. (“FUSA” or the “Company”) to provide you with certain payments and benefits in the
event your employment with Fabrinet is terminated as a result of a change in control (as defined below). 
 You will continue to serve as Chief
Strategy Officer for Fabrinet, reporting to Mr. David T. Mitchell, Chief Executive Officer (CEO) of Fabrinet. Your duties will continue to generally consist of those associated with developing and implementing Fabrinet’s future growth
strategy, crafting the messaging of that strategy for investors and analysts with an interest in Fabrinet and advising the CEO. While you are employed by FUSA, you will continue to devote substantially all of your business time and efforts to the
performance of your duties and use your best efforts in such endeavors. By your execution of this agreement, you acknowledge that your continued performance of the requirements of your position will not be in violation of any other agreement to
which you are a party. 
 Your annual base salary will continue to be $375,000 to be paid on a semi-monthly basis on or about the 15th and 30th
of each month. Subject to the Board’s approval, you will continue to be eligible to participate in Fabrinet’s Executive Incentive Plan. Any target bonus, or portion thereof, will be paid as soon as practicable after the Compensation
Committee of the Board of Directors determines that the target bonus (or relevant portion thereof) has been earned, but in no event shall any such target bonus be paid later than sixty (60) days following the applicable target bonus performance
period. Receipt of any target bonus is contingent upon your continued employment with FUSA through the date the bonus is paid. 
 In addition,
you will be eligible to participate in FUSA’s Employee Benefits Plan, which includes one-hundred twenty (120) hours paid time off (PTO), health care (medical, dental & vision for you and your eligible dependents), 401(k) plan and
Group Term Life insurance. All reasonable travel and home office expenses will be reimbursable via monthly expense reporting pursuant to FUSA’s policies and procedures, but in no event will any reimbursement occur later than the fifteenth
(15) day of the third month following the later of (i) the close of the Company’s fiscal year in which such expenses are incurred or (ii) the calendar year in which such expenses are incurred. You will be eligible to receive a
car allowance of $1,000 per month, provided that you are an employee of FUSA on the date the car allowance is paid to you each month. 
 This
offer is not to be considered a contract guaranteeing employment for any specific duration. Employment with FUSA is on an at-will basis. Thus you are free to terminate your employment for any reason at any time with or without prior notice.
Similarly, the Company may terminate the employment relationship with or without good cause or notice. However, in the event your employment is terminated: 1) as a result of a change in control (whether or not for good cause); or 2) without good
cause (without regard to whether there is a change in control), you will receive (A) a lump sum payment of severance payable within ten (10) business 

 

  
 - 1 -

 
days from the date of your termination of employment, equal to (i) twelve (12) months of your then present base salary, and (ii) any earned bonus as of the date of your termination
from employment; and (B) if you timely elect continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), as amended, or a similar state program, reimbursement of the costs to continue family
medical coverage for the first twelve (12) months following your termination of employment. 
 For purposes of the above paragraph,
“change in control” means the occurrence of any of the following events: 
 (i) A change in the ownership of the
Company, which occurs on the date that any one person, or more than one person acting as a group (“Person”), acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes more than 50% of the
total fair market value or the total voting power of the stock of the Company. For purposes of this clause (i), if any Person is considered to own more than 50% of the Company’s total fair market value or total voting power, the acquisition of
additional stock of the Company by the same Person will not be considered a change in control; or 
 (ii) A change in the
effective control of the Company which occurs (a) on the date any Person acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such Person) ownership of stock of the Company
possessing 30% or more of the total voting power of the stock of the Company, or (b) on the date that a majority of members of the Board is replaced during any twelve (12) month period by Directors whose appointment or election is not
endorsed by a majority of the members of the Board prior to the date of the appointment or election. For purposes of this clause (ii), if any Person is considered to be in effective control of the Company, the acquisition of additional control of
the Company by the same Person will not be considered a change in control; or 
 (iii) A change in the ownership of a substantial
portion of the Company’s assets which occurs on the date that any Person acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons) assets from the Company
that have a total gross fair market value equal to or more than 50% of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions. For purposes of this clause (iii), gross fair market
value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. 
 For purposes of the above paragraphs, persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or
similar business transaction with the Company. 
 Notwithstanding the foregoing, a transaction shall not be deemed a change in control unless
the transaction qualifies as a change in control event within the meaning of Section 409A of the Code, as it has been and may be amended from time to time, and any proposed or final Treasury Regulations and Internal Revenue Service guidance
that has been promulgated or may be promulgated thereunder from time to time (“Section 409A”). 
 Further, and for the avoidance of
doubt, a transaction shall not constitute a change in control if: (i) its sole purpose is to change the state of the Company’s incorporation, or (ii) its sole purpose is to create a holding company that shall be owned in substantially
the same proportions by the persons who held the Company’s securities immediately before such transaction. 
 For purposes of the above
paragraph, “good cause” means (i) an act of dishonesty made by you in connection with your responsibilities as an employee; (ii) your conviction of or plea of nolo contendere to a felony, or any

  
 - 2 -

 
crime involving fraud, embezzlement or any other act of moral turpitude; (iii) your gross misconduct; (iv) your unauthorized use or disclosure of any proprietary information or trade
secrets of the Company or any other party to whom you owe an obligation of nondisclosure as a result of your relationship with the Company; (v) your willful breach of any obligations under any written agreement or covenant with the Company; or
(vi) your continued failure to perform your employment duties after you have received a written demand of performance from the Company which specifically sets forth the factual basis for the Company’s belief that you have not substantially
performed your duties and have failed to cure such nonperformance to the Company’s satisfaction within thirty (30) days after receipt of such notice. 
 Notwithstanding anything to the contrary in this letter, no Deferred Compensation Separation Benefits (as defined below) will be considered due or payable until you have incurred a “separation from
service” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the final regulations and any guidance promulgated thereunder (together, “Section 409A”). 

In addition, if Fabrinet continues to be a public company with its securities are listed on a stock exchange at the time of your involuntary termination
of employment, and at the time of such termination it is determined that you are a “specified employee” within the meaning of Section 409A, the bonus payable to you, pursuant to this letter, when considered together with any other
severance payments or separation benefits that are considered deferred compensation under Section 409A (together, the “Deferred Compensation Separation Benefits”) that are payable within the first six (6) months following your
termination of employment, will become payable on the first payroll date that occurs on or after the date six (6) months and one (1) day following the date of your termination of employment. Any amount paid under this letter that satisfies
the requirements of the “short-term deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury Regulations will not constitute Deferred Compensation Separation Benefits for purposes of this paragraph. In addition, any amount
paid under this letter that qualifies as a payment made as a result of an involuntary separation from service pursuant to Section 1.409A-1(b)(9)(iii) of the Treasury Regulations that does not exceed the specified limit in
Section 1.409A-1(b)(9)(iii)(A) of the Treasury Regulations will not constitute Deferred Compensation Separation Benefits for purposes of this paragraph. 
 The foregoing provisions are intended to comply with the requirements of Section 409A so that none of the payments and benefits to be provided hereunder will be subject to the additional tax imposed
under Section 409A, and any ambiguities herein will be interpreted to so comply. The parties to this letter agree to work together in good faith to consider amendments to this letter, if required, and to take such reasonable actions, which are
necessary, appropriate or desirable to avoid imposition of any additional tax or income recognition prior to actual payment to you under Section 409A. 

  
 - 3 -

 If you are in agreement with the provisions of this letter detailing the terms of your employment with FUSA,
please indicate your acceptance by signing below. 
 Sincerely, 

 

	
	   /s/ Paul Kalivas

	Paul Kalivas
	Chief Administrative Officer, General Counsel and Secretary
	Fabrinet USA, Inc.

 I acknowledge that this letter is the complete agreement concerning my employment with FUSA and supersedes all prior or
concurrent agreements and representations (including, for the avoidance of doubt, the December 30, 2011 offer letter between me and FUSA), and may not be modified in any way except in a writing executed by an authorized agent of FUSA.

  

	
	   /s/ John Marchetti

	John Marchetti
	
	 11/2/2012

	Date

  
 - 4 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}]]