Document:

EX-10.1

 Exhibit 10.1 

TAX MATTERS AGREEMENT 

BY AND BETWEEN 

JDS UNIPHASE CORPORATION 

AND 

LUMENTUM HOLDINGS INC. 

[•], 2015 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
			
	 ARTICLE I
	  	 DEFINITIONS
	  	 	2	  
			
	 1.1
	  	 Certain Definitions
	  	 	2	  
			
	 1.2
	  	 Other Terms
	  	 	7	  
			
	 ARTICLE II
	  	 PREPARATION AND FILING OF TAX RETURNS
	  	 	8	  
			
	 2.1
	  	 JDSU’s Responsibility
	  	 	8	  
			
	 2.2
	  	 Holdings’ Responsibility
	  	 	8	  
			
	 2.3
	  	 Agent
	  	 	8	  
			
	 2.4
	  	 Manner of Tax Return Preparation
	  	 	8	  
			
	 ARTICLE III
	  	 LIABILITY FOR ORDINARY COURSE TAXES
	  	 	9	  
			
	 3.1
	  	 JDSU’s Liability for Ordinary Course Taxes and Contribution
	  	 	9	  
			
	 3.2
	  	 Holdings’ Liability for Ordinary Course Taxes
	  	 	9	  
			
	 3.3
	  	 Straddle Periods
	  	 	9	  
			
	 3.4
	  	 Refunds
	  	 	9	  
			
	 3.5
	  	 Payment of Tax Liability
	  	 	9	  
			
	 3.6
	  	 Computation
	  	 	9	  
			
	 ARTICLE IV
	  	 SEPARATION TAXES, TRANSFER TAXES, TAX ITEMS AND TAX ASSETS
	  	 	10	  
			
	 4.1
	  	 Separation Taxes
	  	 	10	  
			
	 4.2
	  	 Continuing Covenants
	  	 	10	  
			
	 4.3
	  	 Transfer Taxes
	  	 	12	  
			
	 4.4
	  	 Allocation of Tax Items
	  	 	12	  
			
	 4.5
	  	 Allocation of Tax Assets
	  	 	12	  
			
	 ARTICLE V
	  	 EMPLOYEE WAGES
	  	 	12	  
			
	 ARTICLE VI
	  	 INDEMNIFICATION
	  	 	13	  
			
	 6.1
	  	 In General
	  	 	13	  
			
	 6.2
	  	 Inaccurate or Incomplete Information
	  	 	13	  
			
	 6.3
	  	 No Indemnification for Tax Items
	  	 	13	  
			
	 ARTICLE VII
	  	 PAYMENTS
	  	 	13	  
			
	 7.1
	  	 Estimated Tax Payments
	  	 	13	  
			
	 7.2
	  	 True-Up Payments
	  	 	13	  
			
	 7.3
	  	 Redetermination Amounts
	  	 	14	  
			
	 7.4
	  	 Payments of Refunds and Credits
	  	 	14	  
			
	 7.5
	  	 Payments Under This Agreement
	  	 	14	  
			
	 ARTICLE VIII
	  	 TAX PROCEEDINGS
	  	 	15	  
			
	 8.1
	  	 In General
	  	 	15	  
			
	 8.2
	  	 Participation of non-Filing Party
	  	 	15	  
			
	 8.3
	  	 Notice
	  	 	15	  

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
			
	 8.4
	  	 Control of Separation Tax Proceedings
	  	 	15	  
			
	 ARTICLE IX
	  	 MISCELLANEOUS PROVISIONS
	  	 	15	  
			
	 9.1
	  	 Corporate Power; Facsimile Signatures
	  	 	15	  
			
	 9.2
	  	 Cooperation and Separation of Information
	  	 	16	  
			
	 9.3
	  	 Dispute Resolution
	  	 	17	  
			
	 9.4
	  	 Confidentiality
	  	 	18	  
			
	 9.5
	  	 Setoff
	  	 	18	  
			
	 9.6
	  	 Governing Law; Submission to Jurisdiction; Waiver of Trial
	  	 	18	  
			
	 9.7
	  	 Survival of Covenants
	  	 	18	  
			
	 9.8
	  	 Waivers of Default
	  	 	18	  
			
	 9.9
	  	 Force Majeure
	  	 	18	  
			
	 9.10
	  	 Notices
	  	 	18	  
			
	 9.11
	  	 Termination
	  	 	19	  
			
	 9.12
	  	 Changes in Law
	  	 	19	  
			
	 9.13
	  	 Severability
	  	 	20	  
			
	 9.14
	  	 Entire Agreement
	  	 	20	  
			
	 9.15
	  	 Assignment; No Third-Party Beneficiaries
	  	 	20	  
			
	 9.16
	  	 Specific Performance
	  	 	20	  
			
	 9.17
	  	 Amendment
	  	 	20	  
			
	 9.18
	  	 Rules of Construction
	  	 	20	  
			
	 9.19
	  	 Counterparts
	  	 	21	  

  
 ii 

 SCHEDULES 
  

			
	SCHEDULE 4.5(A)		Tax Assets

  
 iii 

 TAX MATTERS AGREEMENT 

This Tax Matters Agreement (this “Agreement”) dated as of [•], 2015, is by and between: JDS Uniphase Corporation,
a Delaware corporation which is anticipated to be renamed Viavi Solutions, Inc. (“JDSU”), and Lumentum Holdings Inc., a Delaware corporation, (“Holdings”). Certain terms used in this Agreement are
defined in Section 1.1. 
 RECITALS 

WHEREAS, as of the date hereof, JDSU and its direct and indirect domestic subsidiaries are members of an
Affiliated Group, of which JDSU is the common parent; and 
 WHEREAS, the Board of Directors of JDSU
has determined that it is in the best interests of JDSU and its shareholders to create a new publicly traded company to operate the Holdings Business; and 

WHEREAS, pursuant to the CONTRIBUTION AGREEMENT, JDSU
has previously transferred certain assets and liabilities to Lumentum Operations LLC (“Lumentum”) in consideration for one hundred percent (100%) of the membership interests in Lumentum Operations LLC (the
“Membership Interest”) (“Contribution”); and 

WHEREAS, after the Contribution, JDSU transferred its Membership Interest to Lumentum Inc. in
consideration for [•] shares of Common Stock of Lumentum Inc., par value $0.001 (the “Lumentum Common Stock”), [•] shares of Series A Preferred Stock of Lumentum Inc. (the “Lumentum Series A
Stock”) and [•] shares of Series B Preferred Stock of Lumentum Inc. (the “Lumentum Series B Stock”); and 

WHEREAS, pursuant to the SEPARATION AND DISTRIBUTION
AGREEMENT, among other things, JDSU will contribute the Lumentum Common Stock and Lumentum Series B Stock it holds to Holdings (the “Separation”); and 

WHEREAS, pursuant to the SEPARATION AND DISTRIBUTION
AGREEMENT, JDSU will distribute all of the issued and outstanding common stock of Holdings (“Holdings Common Stock”) to the holders of issued and outstanding shares of the common stock of
JDSU (“JDSU Common Stock”) as of the Record Date by means of a pro rata distribution of [•] of Holdings Common Stock for every [•] of JDSU Common Stock held thereby (the “Distribution”); and

 WHEREAS, for U.S. federal income tax purposes, the Contribution contemplated by the
SEPARATION AND DISTRIBUTION AGREEMENT is intended to constitute a taxable disposition of the Lumentum Assets that results in a tax basis step-up; and 

WHEREAS, for U.S. federal income tax purposes, the Separation and Distribution contemplated by the
SEPARATION AND DISTRIBUTION AGREEMENT, taken together, are intended to qualify as a tax-free transaction pursuant to sections 355(a) and 368(a)(1)(D) of the Code, and
this Agreement is hereby adopted as a plan of reorganization within the meaning of section 368 of the Code and sections 1.368-2(g) and 1.368-3(a) of the United States Income Tax Regulations (the “Regulations”); and 

WHEREAS, in contemplation of the Distribution, pursuant to which the Holdings Group will cease to be
members of the Affiliated Group of which JDSU is the common parent, the parties have determined to enter into this Agreement, setting forth their agreement with respect to certain tax matters. 

  
 1 

 AGREEMENT 

NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants
contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound hereby, agree as follows: 

Article I 

DEFINITIONS 

1.1 Certain Definitions. For purposes of this Agreement, the following terms shall have the meanings specified in this
section: 
 (1) “Active Trade or Business” means the active conduct (as defined in
Section 355(b)(2) of the Code and the regulations thereunder) by Holdings and its “separate affiliated group” (as defined in Section 355(b)(3)(B) of the Code) of the Holdings Business as conducted immediately prior to the
Distribution or by JDSU and its “separate affiliated group” (as defined in Section 355(b)(3)(B) of the Code) of the JDSU Business as conducted immediately prior to the Distribution. 

(2) “Affiliated Group” means an affiliated group of corporations within the
meaning of section 1504(a)(1) of the Code that files a consolidated return for United States federal Income Tax purposes.  

(3) “After Tax Amount” means any additional amount necessary to reflect the
Tax consequences of the receipt or accrual of any payment required to be made under this Agreement (including payment of an additional amount or amounts hereunder and the effect of the deductions available for interest paid or accrued and for Taxes
such as state and local Income Taxes), determined by using the highest applicable statutory corporate Income Tax rate (or rates, in the case of an item that affects more than one Tax) for the relevant taxable period (or portion thereof).

 (4) “Agreement” shall have the meaning set forth in the preamble hereto. 

(5) “Audit” means any audit, assessment of Taxes, other examination by any Taxing Authority, proceeding,
or appeal of such a proceeding relating to Taxes, whether administrative or judicial, including proceedings relating to competent authority determinations. 

(6) “Code” means the Internal Revenue Code of 1986, as amended. 

(7) “Combined Return” means any Tax Return, other than with respect to United States federal Income
Taxes, filed on a consolidated, combined (including nexus combination, worldwide combination, domestic combination, line of business combination or any other form of combination) or unitary basis wherein Holdings or one or more Holdings Affiliates
join in the filing of such Tax Return (for any taxable period or portion thereof) with JDSU or one or more JDSU Affiliates. 

(8) “Consolidated Return” means any Tax Return with respect to United States federal Income Taxes filed
on a consolidated basis wherein Holdings or one or more Holdings Affiliates join in the filing of such Tax Return (for any taxable period or portion thereof) with JDSU or one or more JDSU Affiliates. 

(9) “Contribution” shall have the meaning set forth in the recitals hereto. 

  
 2 

 (10) “CONTRIBUTION
AGREEMENT” means the CONTRIBUTION AGREEMENT dated as of [•], 2015, by and between JDSU and Lumentum. 

(11) “Distribution” shall have the meaning set forth in the recitals hereto. 

(12) “Distribution Date” means the date on which the Distribution is effected. 

(13) “Distribution Effective Time” means the time at which the Distribution occurs on the Distribution
Date, which shall be deemed to be 12:01 a.m., Eastern Daylight Time. 
 (14) “Estimated Tax Installment
Date” means, with respect to United States federal Income Taxes, the estimated Tax installment due dates prescribed in section 6655(c) of the Code and, in the case of any other Tax, means any other date on which an installment payment
of an estimated amount of such Tax is required to be made. 
 (15) “Filing Party” shall have the
meaning set forth in Section 8.1. 
 (16) “Final Determination” means the final resolution of
liability for any Tax for any taxable period, by or as a result of (i) a final and unappealable decision, judgment, decree or other order by any court of competent jurisdiction; (ii) a final settlement with the IRS, a closing agreement or
accepted offer in compromise under section 7121 or section 7122 of the Code, or a comparable agreement under the laws of other jurisdictions, which resolves the entire Tax liability for any taxable period; (iii) any allowance of a refund or
credit in respect of an overpayment of Tax, but only after the expiration of all periods during which such refund may be recovered by the jurisdiction imposing the Tax; or (iv) any other final disposition, including by reason of the expiration
of the applicable statute of limitations. 
 (17) “Force Majeure” means, with respect to a party, an
event beyond the control of such party (or any Person acting on its behalf), which by its nature could not reasonably have been foreseen by such party (or such Person), or, if it could have reasonably been foreseen, was unavoidable, and includes
acts of God, storms, floods, riots, fires, sabotage, civil commotion or civil unrest, interference by civil or military authorities, acts of war (declared or undeclared) or armed hostilities or other national or international calamity or one
(1) or more acts of terrorism or failure of energy sources or distribution facilities. 
 (18)
“Holdings” shall have the definition set forth in the preamble hereto. 
 (19) “Holdings
Affiliate” means any corporation or other entity directly or indirectly “controlled” by Holdings at the time in question, where “control” means the ownership of fifty percent (50%) of the ownership interests of
such corporation or other entity (by vote or value) or the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such corporation or other entity. 

(20) “Holdings Business” means the business and operations conducted by Holdings and the Holdings
Affiliates, including the Lumentum Business, as such business and operations will continue after the Distribution Date. 

(21) “Holdings Business Records” shall have the meaning set forth in Section 9.2(b). 

(22) “Holdings Capital Stock” means all classes or series of capital stock of Holdings, including
(i) common stock, (ii) all options, warrants and other rights to acquire such capital stock, and (iii) all instruments properly treated as stock in Holdings for U.S. federal income tax purposes. 

  
 3 

 (23) “Holdings Group Assets” shall mean the assets of the
Holdings Group after the Distribution Date, as determined under the SEPARATION AND DISTRIBUTION AGREEMENT by and among the parties. 

(24) “Holdings Group” means the Affiliated Group, or similar group of entities as defined under
corresponding provisions of the laws of other jurisdictions, of which Holdings will be the common parent corporation immediately after the Distribution and including any corporation or other entity which may become a member of such group from time
to time. 
 (25) “Holdings Separate Tax Amount” shall mean with respect to any Tax Return, the amount
of Taxes attributable to a Post-Distribution Period that Holdings and each Holdings Affiliate would have incurred if they had filed a consolidated return, combined return or a separate return, as the case may be, separate from the members of the
JDSU Group, for the relevant Tax period, and such amount shall be computed by JDSU in a manner consistent with (i) general Tax accounting principles, (ii) the Code and the Treasury regulations promulgated thereunder, (iii) applicable
provisions of the laws of any other jurisdictions, and (iii) past practice. 
 (26) “Income Tax”
means any federal, state, local or foreign Tax determined (in whole or in part) by reference to net income, net worth, gross receipts or capital, or any such Taxes imposed in lieu of such a Tax. For the avoidance of doubt, the term “Income
Tax” includes any franchise Tax, net worth, gross receipts, capital or any such Taxes imposed in lieu of such a Tax. 

(27) “Income Tax Return” means any Tax Return relating to any Income Tax. 

(28) “IRS” means the United States Internal Revenue Service or any successor thereto, including its
agents, representatives, and attorneys. 
 (29) “JDSU” shall have the meaning set forth in the
preamble hereto. 
 (30) “JDSU Affiliate” means any corporation or other entity directly or indirectly
“controlled” by JDSU where “control” means the ownership of fifty percent (50%) of the ownership interests of such corporation or other entity (by vote or value) or the possession, directly or indirectly, of the power to
direct or cause the direction of the management or policies of such corporation or other entity, but at all times excluding Holdings and all Holdings Affiliates. 

(31) “JDSU Business” means all of the businesses and operations conducted by JDSU and the JDSU
Affiliates, excluding the Holdings Business at any time, whether prior to, or after the Distribution Date. 
 (32)
“JDSU Group” means the Affiliated Group, or similar group of entities as defined under corresponding provisions of the laws of other jurisdictions, of which JDSU is the common parent corporation, and any corporation or other
entity which may be, may have been or may become a member of such group from time to time, but excluding any member of the Holdings Group. 

(33) “JDSU Group Assets” shall mean the assets of JDSU after the Distribution Date, as determined under
the SEPARATION AND DISTRIBUTION AGREEMENT by and among the parties. 

(34) “Lumentum” shall have the meaning set forth in the recitals hereto. 

(35) “Lumentum Assets” means the assets transferred to Lumentum pursuant to the
CONTRIBUTION AGREEMENT. 

  
 4 

 (36) “Lumentum Business” means the communications and
commercial optical products business of JDSU, including (a) the businesses and operations conducted prior to the Distribution Effective Time by Lumentum, but excluding those businesses set forth on SCHEDULE 1.1(28) of the
CONTRIBUTION AGREEMENT, and (b) any other businesses or operations conducted primarily through the use of Lumentum Assets. 

(37) “Non-Income Tax Return” means any Tax Return relating to any Tax other than an Income Tax. 

(38) “Officer’s Certificate” means a letter executed by an officer of JDSU or Holdings and provided
to Tax Adviser as a condition for the completion of a Tax Opinion. 
 (39) “Ordinary Course Taxes”
means Taxes other than (i) Separation Taxes, (ii) Transfer Taxes and (iii) Taxes resulting from, or arising in connection with, the Contribution. 

(40) “Owed Party” shall have the meaning set forth in Section 7.5. 

(41) “Owing Party” shall have the meaning set forth in Section 7.5. 

(42) “Payment Period” shall have the meaning set forth in Section 7.5(e). 

(43) “Post-Distribution Period” means any taxable period (or portion thereof) beginning after the
Distribution Date. 
 (44) “Pre-Distribution Period” means any taxable period (or portion thereof)
ending on or before the Distribution Date. 
 (45) “Separation” shall have the meaning set forth in
the recitals hereto. 
 (46) “SEPARATION AND DISTRIBUTION
AGREEMENT” means the SEPARATION AND DISTRIBUTION AGREEMENT dated as of [•], 2015, by and between JDSU, Lumentum and
Holdings. 
 (47) “Separation Taxes” means any Taxes imposed on, or increase in Taxes incurred by,
JDSU, Holdings or any of their respective Affiliates, and any Taxes imposed on any third party for which JDSU, Holdings or any of their respective Affiliates is or becomes liable for any reason, resulting from, or arising in connection with, the
failure of the Separation and Distribution to qualify as a transaction in which no income, gain or loss is recognized pursuant to sections 355 and 368(a)(1)(D) of the Code (including any Tax resulting from the application of section 355(d) or
section 355(e) of the Code to the Separation and Distribution but only to the extent such Tax is not reduced by a Tax Asset) or corresponding provisions of the laws of any other jurisdictions. 

(48) “Sole Responsibility Item” means any Tax Item for which the non-Filing Party has the entire
economic liability under this Agreement. 
 (49) “Straddle Period” shall mean any taxable period that
begins on or before and ends after the Distribution Date. 
 (50) “Supplemental Tax Opinion” shall
have the meaning set forth in Section 4.2(c). 

  
 5 

 (51) “Tax Adviser” means a nationally recognized accounting
firm (i) selected by JDSU to provide a Tax Opinion and (ii) selected by the parties, by mutual consent, to provide a Supplemental Tax Opinion. 

(52) “Tax Asset” means any Tax Item that has accrued for Tax purposes, but has not been realized during
the taxable period in which it has accrued, and that could reduce a Tax in another taxable period, including a net operating loss, net capital loss, research and development tax credit, investment tax credit, foreign tax credit, charitable deduction
or credit related to alternative minimum tax or any other Tax credit. 
 (53) “Tax Benefit” means a
reduction in the Tax liability (or increase in refund or credit or any item of deduction or expense) of a taxpayer (or of the Affiliated Group, or similar group of entities as defined under corresponding provisions of the laws of any other
jurisdiction, of which it is a member) for any taxable period. Except as otherwise provided in this Agreement, a Tax Benefit shall be deemed to have been realized or received from a Tax Item in a taxable period only if and to the extent that the Tax
liability of the taxpayer (or of the Affiliated Group, or similar group of entities as defined under corresponding provisions of the laws of any other jurisdiction, of which it is a member) for such period, after taking into account the effect of
the Tax Item on the Tax liability of such taxpayer (or of the Affiliated Group, or similar group of entities as defined under corresponding provisions of the laws of any other jurisdiction, of which it is a member) in the current period and all
prior periods, is less than it would have been had such Tax liability been determined without regard to such Tax Item. 
 (54)
“Tax Detriment” means an increase in the Tax liability (or reduction in refund or credit or any item of deduction or expense) of a taxpayer (or of the Affiliated Group, or similar group of entities as defined under
corresponding provisions of the laws of any other jurisdiction, of which it is a member) for any taxable period. Except as otherwise provided in this Agreement, a Tax Detriment shall be deemed to have been realized or incurred from a Tax Item in a
taxable period only if and to the extent that the Tax liability of the taxpayer (or of the Affiliated Group, or similar group of entities as defined under corresponding provisions of the laws of any other jurisdiction, of which it is a member) for
such period, after taking into account the effect of the Tax Item on the Tax liability of such taxpayer (or of the Affiliated Group, or similar group of entities as defined under corresponding provisions of the laws of any other jurisdiction, of
which it is a member) in the current period and all prior periods, is more than it would have been had such Tax liability been determined without regard to such Tax Item. 

(55) “Tax Item” means any item of income, gain, loss, deduction, expense or credit, or other attribute
that may have the effect of increasing or decreasing any Tax. 
 (56) “Tax Opinion” means an opinion
issued by Tax Adviser as one of the conditions to completing the Distribution addressing certain United States federal Income Tax consequences of the Distribution under sections 355 and 368(a)(1)(D) of the Code 

(57) “Tax Return” means any return, report, certificate, form or similar statement or document
(including any related or supporting information or schedule attached thereto and any information return, amended tax return, claim for refund or declaration of estimated Tax) required to be supplied to, or filed with, a Taxing Authority in
connection with the determination, assessment or collection of any Tax or the administration of any laws, regulations or administrative requirements relating to any Tax. 

(58) “Taxes” means all federal, state, local or foreign taxes, charges, fees, duties, levies, imposts,
rates or other assessments, including income, gross receipts, excise, property, excise, severance, stamp, occupation, premium, windfall profits, environmental (including taxes under Code 

  
 6 

 
§59A), customs duties, profits, sales, use, license, capital stock, transfer, registration, franchise, payroll, unemployment, disability, withholding, social security, value added,
alternative or add-on minimum, estimated, or other tax of any kind whatsoever, (including any interest, penalties or additions attributable thereto and including any obligations to indemnify or otherwise assume or succeed to the Tax liability of any
other Person) and a “Tax” shall mean any one of such Taxes . 
 (59) “Taxing Authority”
means any governmental authority or any subdivision, agency, commission or authority thereof or any quasi-governmental or private body having jurisdiction over the assessment, determination, collection or imposition of any Tax (including the IRS).

 (60) “Transfer Taxes” means all transfer, sales, use, excise, stock, stamp, stamp duty, stamp duty
reserve, stamp duty land, documentary, filing, recording, registration, value-added and other similar Taxes (excluding, for the avoidance of doubt, any income, gains, profit or similar Taxes, however assessed). 

1.2 Other Terms. For purposes of this Agreement, the following terms have the meanings set forth in the sections
indicated: 
  

			
	 Term
	  	 Section

		
	Dispute	  	Section 9.3
		
	Holdings Common Stock	  	Recitals
		
	Initial Notice	  	Section 9.3(b)
		
	JDSU Common Stock	  	Recitals
		
	Law	  	Section 1.1(32) of the CONTRIBUTION AGREEMENT
		
	Lumentum Common Stock	  	Recitals
		
	Lumentum Series A Stock	  	Recitals
		
	Lumentum Series B Stock	  	Recitals
		
	Membership Interest	  	Recitals
		
	Person	  	Section 1.1(33) of the CONTRIBUTION AGREEMENT
		
	PLR	  	Section 4.2(c)
		
	Record Date	  	Section 1.1(28) of the SEPARATION AND DISTRIBUTION AGREEMENT
		
	Regulations	  	Recitals
		
	Response	  	Section 9.3(b)

  
 7 

 Article II 

PREPARATION AND FILING OF TAX RETURNS 

2.1 JDSU’s Responsibility. Subject to the other applicable provisions of this Agreement, JDSU shall have sole and
exclusive responsibility for the preparation and filing of: 
 (a) all Consolidated Returns and all Combined Returns for any
taxable period; 
 (b) all Income Tax Returns (other than Consolidated Returns and Combined Returns) with respect to JDSU
and/or any JDSU Affiliate for any taxable period; 
 (c) all Non-Income Tax Returns with respect to JDSU, any JDSU Affiliate,
or the JDSU Business or any part thereof for any taxable period; and 
 (d) all Non-Income Tax Returns with respect to
Holdings, any Holdings Affiliate, or the Holdings Business or any part thereof, that are required to be filed for any taxable period (taking into account any extension of time which has been requested or received) on or prior to the Distribution
Date. 
 2.2 Holdings’ Responsibility. Holdings shall have sole and exclusive responsibility for the preparation
and filing of: 
 (a) all Income Tax Returns (other than Consolidated Returns and Combined Returns) with respect to Holdings
and/or any Holdings Affiliate for any taxable period that are required to be filed after the Distribution Date; and 
 (b) all
Non-Income Tax Returns with respect to Holdings, any Holdings Affiliate, or the Holdings Business or any part thereof, that are required to be filed for any taxable period (taking into account any extension of time which has been requested or
received) after the Distribution Date. 
 2.3 Agent. Subject to the other applicable provisions of this Agreement,
Holdings hereby irrevocably designates, and agrees to cause each Holdings Affiliate to so designate, JDSU as its sole and exclusive agent and attorney-in-fact to take such action (including execution of documents) as JDSU, in its sole discretion,
may deem appropriate in any and all matters (including Audits) relating to any Tax Return described in Section 2.1 subject, however, to the joint control provisions and control by a non-Filing Party provisions in Section 8. 

2.4 Manner of Tax Return Preparation. 

(a) Unless otherwise required by a Taxing Authority, the parties hereby agree to prepare and file all Tax Returns, and to take
all other actions, in a manner consistent with this Agreement. All Tax Returns shall be filed on a timely basis (taking into account applicable extensions) by the party responsible for filing such returns under this Agreement. 

(b) Subject to the other applicable provisions of this Agreement, JDSU and Holdings shall each have the exclusive right, in its
sole discretion, with respect to any Tax Return for which it is responsible under Sections 2.1 and 2.2, to determine (1) the manner in which such Tax Return shall be prepared and filed, including the elections, method of
accounting, positions, conventions and principles of taxation to be used and the manner in which any Tax Item shall be reported, (2) whether any extensions shall be requested, (3) the elections that will be made on such Tax Return,
(4) whether any amended Tax Returns shall be filed, (5) whether any claims for refund shall be made, (6) whether any refunds shall be paid by way of refund or credited against any liability for the related Tax, and (7) whether to
retain outside firms to prepare and/or review such Tax Returns. 

  
 8 

 Article III 

LIABILITY FOR ORDINARY COURSE TAXES 

3.1 JDSU’s Liability for Ordinary Course Taxes and Contribution. JDSU shall be liable for Taxes resulting from, or
arising in connection with, the Contribution and for the following Ordinary Course Taxes, and shall be entitled to receive and retain all refunds of: 

(a) all Ordinary Course Taxes attributable to the JDSU Group, the JDSU Group Assets or the JDSU Business, in each case for any
and all periods, 
 (b) except with respect to foreign Holdings Affiliates, all Ordinary Course Taxes attributable to the
Holdings Group, the Holdings Group Assets or the Holdings Business, in each case for any and all Pre-Distribution Periods, 

(c) all Ordinary Course Taxes for which the Holdings Group may be liable by virtue of any agreement or arrangement with respect
to Taxes (other than pursuant to this Agreement or any other agreements entered into in connection with the Distribution) entered into on or prior to the Distribution Date. 

3.2 Holdings’ Liability for Ordinary Course Taxes. Holdings and each Holdings Affiliate shall be liable for
(i) all Ordinary Course Taxes attributable to any and all members of the Holdings Group or the Holdings Group Assets or the Holdings Business, in each case for any and all Post-Distribution Periods and (ii) all Ordinary Course Taxes
attributable to foreign Holdings Affiliates for any and all periods. 
 3.3 Straddle Periods. For purposes of
Sections 3.1 and 3.2, in the case of any Straddle Period, (i) property taxes and exemptions, allowances or deductions that are calculated on an annualized basis shall be apportioned between the Pre-Distribution Period and the
Post-Distribution Period on a daily pro-rata basis and (ii) all other Ordinary Course Taxes shall be apportioned between the Pre-Distribution Period and the Post-Distribution Period on a closing of the books basis as of the close of business on
the Distribution Date. 
 3.4 Refunds. The amount of any refunds, credits or offsets of Ordinary Course Taxes relating
to (i) the Holdings Group (other than foreign Holdings Affiliates), the Holdings Group Assets or the Holdings Business for a Pre-Distribution Period shall be for the account of JDSU, (ii) the Holdings Group, the Holdings Group Assets or
the Holdings Business for a Post-Distribution Period shall be for the account of Holdings, and (iii) the JDSU Group, the JDSU Group Assets or the JDSU Business shall for the account of JDSU. 

3.5 Payment of Tax Liability. If one party is liable or responsible for Taxes, under Sections 3.1 through
3.3, with respect to Tax Returns for which another party is responsible for preparing and/or filing, or with respect to Taxes that are paid by another party, then the liable or responsible party shall pay the Taxes (or a reimbursement of such
Taxes) to the other party pursuant to Section 7.5. 
 3.6 Computation. With respect to any Tax Return filed by
JDSU for which Holdings is liable for Taxes under this Article III, JDSU shall provide Holdings with a written calculation in reasonable detail (including copies of work sheets and other materials used in preparation thereof) setting

  
 9 

 
forth the amount of any Holdings Separate Tax Amount or estimated Holdings Separate Tax Amount (for purposes of Section 7.1). Holdings shall have the right to review and comment on
such calculation. Any dispute with respect to such calculation shall be resolved pursuant to Section 9.3; provided, however, that, notwithstanding any dispute with respect to any such calculation, in no event shall any
payment attributable to the amount of any Holdings Separate Tax Amount or estimated Holdings Separate Tax Amount be paid later than the date provided in Section 7. 

Article IV 

SEPARATION TAXES, TRANSFER TAXES, TAX ITEMS AND TAX ASSETS 

4.1 Separation Taxes. 

(a) JDSU’s Liability for Separation Taxes. JDSU shall be liable for any Separation Taxes other than such
Taxes for which Holdings is liable under Section 4.1(b). 
 (b) Holdings’ Liability for Separation
Taxes. Holdings shall be liable for any Separation Taxes attributable to, caused by, or result from, one or more of the following: 

(i) any action or omission by Holdings (or any Holdings Affiliate) after the Distribution at any time, that is inconsistent
with any material, information, covenant or representation related to Holdings, any Holdings Affiliate, or the Holdings Business in an Officer’s Certificate, Tax Opinion or Supplemental Tax Opinion; 

(ii) any action or omission by Holdings (or any Holdings Affiliate), after the Distribution Date (including any act or omission
that is in furtherance of, connected to, or part of a plan or series of related transactions (within the meaning of section 355(e) of the Code) occurring on or prior to the Distribution Date) including a cessation, transfer to affiliates or
disposition of the Active Trade or Business, stock buyback or payment of an extraordinary dividend; 
 (iii) any acquisition
of any stock or assets of Holdings (or any Holdings Affiliate) by one or more other persons (other than JDSU or any JDSU Affiliate) following the Distribution; 

(iv) any issuance of stock by Holdings (or any Holdings Affiliate) after the Distribution, including any issuance pursuant to
the exercise of employee stock options or other employment related arrangements or the exercise of warrants, or change in ownership of stock in Holdings (or any Holdings Affiliate) after the Distribution; 

(v) any action or omission by Holdings (or any Holdings Affiliate) in breach of the covenants set forth herein, or in the
Separation and Distribution Agreement. 
 (c) Representations. Each of JDSU and Holdings represents that, as of the
date of this Agreement, neither it nor its Affiliates know of any fact that may cause the Separation and Distribution to fail to qualify under section 355 or section 368(a)(1)(D) of the Code. Each of JDSU and Holdings further represents that
(A) it has examined the Tax Opinion and Officer’s Certificates prior to the date hereof and (B) subject to any qualifications therein, all facts contained in such Tax Opinion or Officer’s Certificates that concern or relate to
such JDSU, Holdings or any member of its Group is and, to the extent such facts relate to future events or circumstances, will be, true, correct and complete. 

4.2 Continuing Covenants. 

  
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 (a) In General. Each of JDSU (for itself and each JDSU Affiliate) and
Holdings (for itself and each Holdings Affiliate) agrees (1) not to take any action reasonably expected to result in an increased Tax liability to the other, a reduction in a Tax Asset of the other or an increased liability to the other under
this Agreement, and (2) to take any action reasonably requested by the other that would reasonably be expected to result in a Tax Benefit or avoid a Tax Detriment to the other, provided, in either such case, that the taking or refraining to
take such action does not result in any additional cost not fully compensated for by the other party or any other adverse effect to such party. The parties hereby acknowledge that the preceding sentence is not intended to limit, and therefore shall
not apply to, the rights of the parties with respect to matters otherwise covered by this Agreement. 
 (b) Holdings
Restrictions. Holdings agrees that it will not knowingly take or fail to take, or permit any Holdings Affiliate to knowingly take or fail to take, any action where such action or failure to act would be inconsistent with any material,
information, covenant or representation that relates to facts or matters related to Holdings (or any Holdings Affiliate) or within the control of Holdings and is contained in an Officer’s Certificate, Tax Opinion or Supplemental Tax Opinion
(except where such material, information, covenant or representation was not previously disclosed to Holdings) other than as permitted in this Section 4.2. For this purpose an action is considered inconsistent with a representation if
the representation states that there is no plan or intention to take such action. Holdings agrees that it will not take (and it will cause the Holdings Affiliates to refrain from taking) any position on a Tax Return that is inconsistent with the
treatment of the Separation and Distribution as transactions in which no income, gain, or loss is recognized pursuant to sections 355 and 368(a)(1)(D) of the Code. 

(c) Certain Holdings Actions Following the Distribution. Holdings agrees that, during the two (2) year period
following the Distribution, without first obtaining, at Holdings’ own expense, a private letter ruling (a “PLR”) from the IRS or supplemental opinion from Tax Adviser that such action will not result in Separation Taxes
(a “Supplemental Tax Opinion”), unless JDSU and Holdings agree otherwise in writing, Holdings shall not (1) sell all or substantially all of the assets of Holdings or any Holdings Affiliate , (2) merge Holdings, or
any Holdings Affiliate with another entity, without regard to which party is the surviving entity (other than a merger with another entity within the Holdings Group), (3) transfer any assets of Holdings or Holdings Affiliate in a transaction
described in section 351of the Code (other than a transfer to a corporation which files a consolidated return with Holdings and which is wholly-owned, directly or indirectly, by Holdings) or subparagraph (C) or (D) of section 368(a)(1) of
the Code, (4) issue stock of Holdings or any Holdings Affiliate (or any instrument that is convertible or exchangeable into any such stock) in an acquisition or public or private offering (excluding any issuance pursuant to the exercise of
employee stock options or other employment related arrangements having customary terms and conditions and that satisfy the requirements of Treasury Regulations section 1.355-7(d)(8), or any successor provision thereto), or (5) facilitate or
otherwise participate in any acquisition of stock in Holdings that would result in any shareholder owning five percent (5%) or more of the outstanding stock of Holdings. Holdings (or any Holdings Affiliate) shall only undertake any of such
actions after JDSU’s receipt of such Supplemental Tax Opinion and pursuant to the terms and conditions of any such Supplemental Tax Opinion or as otherwise consented to in writing in advance by JDSU; provided,
however, that if Holdings contemplates entering into a transaction described in this section and Holdings acknowledges in writing that it would have sole liability for any Separation Taxes under Section 4.1(b) that might arise
from such transaction and can demonstrate to the reasonable satisfaction of JDSU that it can satisfy its liability for any such Separation Taxes, JDSU shall consent to Holdings’ entering into such transaction without further restriction; and
provided, further, that in the event that JDSU completes a transaction that results in a tax being imposed on JDSU under Section 355(e) of the Code, after such completion, Holdings shall no longer be subject to the restrictions
under clause (4) and clause (5) of the previous sentence. The Parties hereby agree that they will act in good faith to take all reasonable steps necessary to amend this Section 4.2(c), from time to time, by mutual agreement, to
(i) add certain actions to the list contained herein, or (ii) remove certain actions from the list contained herein, in either case, in order to reflect any relevant change in law, regulation or administrative interpretation occurring
after the date of this Agreement. 

  
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 (d) Notice of Specified Transactions. Not later than three (3) days
after the public announcement regarding any of the transactions described in Section 4.2(c) (including a public announcement regarding Holdings’ intent to enter into any such transaction) Holdings shall provide written notice of
such transaction to JDSU. 
 4.3 Transfer Taxes. JDSU and Holdings each shall be responsible for any Transfer Taxes
incurred by the JDSU Group and the Holdings Group, respectively, as a result of the Contribution. If, under applicable Law, both the JDSU Group and the Holdings Group are liable for Transfer Taxes resulting from the Contribution, then JDSU and
Holdings shall be equally responsible for such Transfer Taxes. 
 4.4 Allocation of Tax Items. All Tax computations for
(1) any Pre-Distribution Periods ending on the Distribution Date and (2) the immediately following taxable period of Holdings or any Holdings Affiliate, shall be made pursuant to the principles of section 1.1502-76(b) of the Treasury
Regulations or of a corresponding provision under the laws of other jurisdictions, as reasonably determined by JDSU, taking into account all reasonable suggestions made by Holdings with respect thereto. Any Tax Items relating to the Separation and
Distribution shall be treated, to the extent permitted, as extraordinary items described in section 1.1502-76(b)(2)(ii)(C) of the Treasury Regulations and shall (to the extent occurring on or prior to the Distribution Date) be allocated to Pre-
Distribution Periods, and any Taxes related to such items shall be treated under section 1.1502-76(b)(2)(iv) of the Treasury Regulations as relating to such extraordinary item and shall (to the extent occurring on or prior to the Distribution Date)
be allocated to Pre-Distribution Periods. 
 4.5 Allocation of Tax Assets. 

(a) In General. In connection with the Distribution, JDSU and Holdings have set forth on SCHEDULE
4.5(A) the Tax Assets allocated to JDSU and Holdings, and each of JDSU and Holdings agrees that each shall prepare all Tax Returns in a manner consistent with such allocation, unless otherwise required by law. The parties hereby
agree that to the extent that Tax Assets are not shown in SCHEDULE 4.5(A), such Tax Assets were incurred by JDSU and shall remain with JDSU. 

(b) Earnings and Profits. JDSU will advise Holdings in writing of the decrease in JDSU earnings and profits attributable
to the Distribution under section 312(h) of the Code on or before the first anniversary of the Distribution Date; provided, however, that JDSU shall provide Holdings with estimates of such amounts (determined in accordance with past
practice) prior to such anniversary as reasonably requested by Holdings. 
 Article V 

EMPLOYEE WAGES 
 At
JDSU’s request, the Holdings Group shall assume the Form W-2 and Form W-3 reporting obligations (including the filing of all forms necessary to comply with magnetic media reporting requirements) of JDSU with respect to any employee of the
Holdings Business that Holdings or any Holdings Affiliate employs during the calendar year which includes the Distribution Date consistent with the procedures set forth in section 5 of Rev. Proc. 2004-53, 2004-34 I.R.B. 320. 

  
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 Article VI 

INDEMNIFICATION 

6.1 In General. JDSU and each member of the JDSU Group shall jointly and severally indemnify Holdings, each Holdings
Affiliate, and their respective directors, officers and employees, and hold them harmless from and against any and all Taxes for which JDSU or any JDSU Affiliate is liable under this Agreement and any loss, cost, damage or expense, including
reasonable attorneys’ fees and costs, that is attributable to, or results from, the failure of JDSU, any JDSU Affiliate or any director, officer or employee to make any payment required to be made under this Agreement. Holdings and each member
of the Holdings Group shall jointly and severally indemnify JDSU, each JDSU Affiliate, and their respective directors, officers and employees, and hold them harmless from and against any and all Taxes for which Holdings or any Holdings Affiliate is
liable under this Agreement and any loss, cost, damage or expense, including reasonable attorneys’ fees and costs, that is attributable to, or results from, the failure of Holdings, any Holdings Affiliate or any director, officer or employee to
make any payment required to be made under this Agreement. 
 6.2 Inaccurate or Incomplete Information. JDSU and each
member of the JDSU Group shall jointly and severally indemnify Holdings, each Holdings Affiliate, and their respective directors, officers and employees, and hold them harmless from and against any cost, fine, penalty, or other expense of any kind
attributable to the failure of JDSU or any JDSU Affiliate in supplying Holdings or any Holdings Affiliate with inaccurate or incomplete information, in connection with the preparation of any Tax Return. Holdings and each member of the Holdings Group
shall jointly and severally indemnify JDSU, each JDSU Affiliate, and their respective directors, officers and employees, and hold them harmless from and against any cost, fine, penalty, or other expenses of any kind attributable to the failure of
Holdings or any Holdings Affiliate in supplying JDSU or any JDSU Affiliate with inaccurate or incomplete information, in connection with the preparation of any Tax Return. 

6.3 No Indemnification for Tax Items. Nothing in this Agreement shall be construed as a guarantee of the existence or
amount of any loss, credit, carryforward, basis or other Tax Item, whether past, present or future, of JDSU, any JDSU Affiliate, Holdings or any Holdings Affiliate. In addition, for the avoidance of doubt, for purposes of determining any amount owed
between the parties hereto, all such determinations shall be made without regard to any financial accounting tax asset or liability or other financial accounting items. 

Article VII 

PAYMENTS 

7.1 Estimated Tax Payments. Not later than ten (10) business days after each Estimated Tax Installment Date with
respect to a taxable period for which a Consolidated Return or a Combined Return that includes a Holdings Separate Tax Amount will be filed, Holdings shall pay to JDSU on behalf of the Holdings Group an amount equal to the amount of any estimated
Holdings Separate Tax Amount. 
 7.2 True-Up Payments. Not later than ten (10) business days after filing a Tax
Return, Holdings shall pay to JDSU, or JDSU shall pay to Holdings, as appropriate, an amount equal to the difference, if any, between the Holdings Separate Tax Amount and the aggregate amount paid by Holdings with respect to such period under
Section 7.1. 

  
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 7.3 Redetermination Amounts. In the event of a redetermination of any Tax
Item reflected on any Consolidated Return or Combined Return (other than Tax Items relating to Separation Taxes), as a result of a refund of Taxes paid, a Final Determination or any settlement or compromise with any Taxing Authority which in any
such case would affect the Holdings Separate Tax Amount, JDSU shall prepare a revised pro forma Tax Return in accordance with Section 2.4(b) for the relevant taxable period reflecting the redetermination of such Tax Item as a result of
such refund, Final Determination, settlement or compromise. Holdings shall pay to JDSU, or JDSU shall pay to Holdings, as appropriate, an amount equal to the difference, if any, between the Holdings Separate Tax Amount reflected on such revised pro
forma Tax Return and the Holdings Separate Tax Amount for such period as originally computed pursuant to this Agreement. 
 7.4
Payments of Refunds and Credits. If one party receives a refund or credit of any Tax to which the other party is entitled pursuant to Section 3.4, the party receiving such refund or credit shall pay to the other party the
amount of such refund or credit pursuant to Section 7.5. 
 7.5 Payments Under This Agreement. In the event that
one party (the “Owing Party”) is required to make a payment to another party (the “Owed Party”) pursuant to this Agreement, then such payments shall be made according to this Section 7.5. 

(a) In General. All payments shall be made to the Owed Party or to the appropriate Taxing Authority as specified by the
Owed Party within the time prescribed for payment in this Agreement, or if no period is prescribed, within ten (10) days after delivery of written notice of payment owing together with a computation of the amounts due. 

(b) Treatment of Payments. Unless otherwise required by any Final Determination, the parties agree that any payments made
by one party to another party pursuant to this Agreement (other than (i) payments for the Holdings Separate Tax Amount for the Post-Distribution Period, (ii) payments of After Tax Amounts pursuant to Section 7.5(d), and
(iii) payments of interest pursuant to Section 7.5(e)) shall be treated for all Tax purposes as nontaxable payments (dividend distributions or capital contributions, as the case may be) made immediately prior to the Distribution
and, accordingly, as not includible in the taxable income of the recipient or as deductible by the payor. 
 (c) Prompt
Performance. All actions required to be taken (including payments) by any party under this Agreement shall be performed within the time prescribed for performance in this Agreement, or if no period is prescribed, such actions shall be
performed promptly. 
 (d) After Tax Amounts. If pursuant to a Final Determination it is determined that the receipt or
accrual of any payment made under this Agreement (other than payments of interest pursuant to Section 7.5(e)) is subject to any Tax, the party making such payment shall be liable for (a) the After Tax Amount with respect to such
payment and (b) interest at the rate described in Section 7.5(e) on the amount of such Tax from the date such Tax accrues through the date of payment of such After Tax Amount. A party making a demand for a payment pursuant to this
Agreement and for a payment of an After Tax Amount with respect to such payment shall separately specify and compute such After Tax Amount. However, a party may choose not to specify an After Tax Amount in a demand for payment pursuant to this
Agreement without thereby being deemed to have waived its right subsequently to demand an After Tax Amount with respect to such payment. 

(e) Interest. Payments pursuant to this Agreement that are not made within the period prescribed in this Agreement (the
“Payment Period”) shall bear interest for the period from and including the date immediately following the last date of the Payment Period through and including the date of payment at a per annum rate equal to the applicable
rate under Section 6621 of the Code. Such interest will be payable at the same time as the payment to which it relates and shall be calculated on the basis of a year of three hundred sixty-five (365) days and the actual number of days for
which due. 

  
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 Article VIII 

TAX PROCEEDINGS 

8.1 In General. Except as otherwise provided in this Agreement, the party responsible for preparing and filing a Tax
Return pursuant to Article II (the “Filing Party”) shall have the exclusive right, in its sole discretion, to control, contest, and represent the interests of JDSU, any JDSU Affiliate, Holdings, and/or any Holdings
Affiliate in any Audit relating to such Tax Return and to resolve, settle or agree to any deficiency, claim or adjustment proposed, asserted or assessed in connection with or as a result of any such Audit; provided, however, that for purposes of
this Section 8, Holdings shall be treated as the Filing Party for all Tax Returns of foreign Holdings Affiliates. The Filing Party’s rights shall extend to any matter pertaining to the management and control of an Audit, including
execution of waivers, choice of forum, scheduling of conferences and the resolution of any Tax Item. Any costs incurred in handling, settling, or contesting an Audit shall be borne by the Filing Party. 

8.2 Participation of non-Filing Party. Except as provided in Section 8.4, the non-Filing Party shall, at its
own expense, have control over decisions to resolve, settle or otherwise agree to any deficiency, claim or adjustment with respect to any Sole Responsibility Item. 

8.3 Notice. Within ten (10) days after a party receives written notice of a proposed Audit adjustment that may give
rise to an indemnification obligation under this Agreement, such party shall give notice to the other party of such issue (such notice shall contain factual information, to the extent known, describing any asserted tax liability in reasonable
detail), and shall forward to the other party copies of all notices and material communications with any Taxing Authority relating to such issue. Notwithstanding any provision in Section 9.12 to the contrary, if a party to this Agreement
fails to provide the other party notice as required by this Section 8.3, and the failure results in a detriment to the other party then any amount which the other party is otherwise required to pay pursuant to this Agreement shall be
reduced by the amount of such detriment. 
 8.4 Control of Separation Tax Proceedings. JDSU shall have the exclusive
right, in its sole discretion, to control, contest, and represent the interests of JDSU, any JDSU Affiliate, Holdings, and/or any Holdings Affiliate in any Audits relating to Separation Taxes and to resolve, settle or agree to any deficiency, claim
or adjustment proposed, asserted or assessed in connection with or as a result of any such Audit. JDSU’s rights shall extend to any matter pertaining to the management and control of such Audit, including execution of waivers, choice of forum,
scheduling of conferences and the resolution of any Tax Item. Holdings may assume sole control of any Audits relating to Separation Taxes if it acknowledges in writing that it has sole liability for any Separation Taxes under
Section 4.1(b) that might arise in such Audit and can demonstrate to the reasonable satisfaction of JDSU that it can satisfy its liability for any such Separation Taxes. If Holdings is unable to demonstrate to the reasonable satisfaction
of JDSU that it will be able to satisfy its liability for such Separation Taxes, but acknowledges in writing that it has sole liability for any Separation Taxes under Section 4.1(b), Holdings and JDSU shall have joint control over the
Audit. 
 Article IX 

MISCELLANEOUS PROVISIONS 

9.1 Corporate Power; Facsimile Signatures. 

(a) Holdings, on behalf of itself and any Holdings Affiliate, and JDSU, on behalf of itself and any JDSU Affiliate, hereby
represent as follows: 

  
 15 

 (i) each such Person has the requisite corporate power and authority and has taken
all corporate action necessary in order to execute, deliver and perform this Agreement and to consummate the transactions contemplated hereby and thereby; and 

(ii) this Agreement has been duly executed and delivered by it and constitutes a valid and binding agreement of it enforceable
in accordance with the terms thereof. 
 (b) Each party acknowledges that it and each other party may execute this Agreement
by facsimile, stamp or mechanical signature, and that delivery of an executed counterpart of a signature page to this Agreement (whether executed by manual, stamp or mechanical signature) by facsimile or by email in portable document format (.pdf)
shall be effective as delivery of such executed counterpart of this Agreement. Each party expressly adopts and confirms each such facsimile, stamp or mechanical signature (regardless of whether delivered in person, by mail, by courier, by facsimile
or by email in .pdf) made in its respective name as if it were a manual signature delivered in person, agrees that it will not assert that any such signature or delivery is not adequate to bind such party to the same extent as if it were signed
manually and delivered in person and agrees that, at the reasonable request of the other party at any time, it will as promptly as reasonably practicable cause this Agreement to be manually executed (any such execution to be as of the date of the
initial date thereof) and delivered in person, by mail or by courier. 
 9.2 Cooperation and Separation of Information.

 (a) Cooperation. Holdings and JDSU shall each cooperate fully (and each shall cause its respective affiliates to
cooperate fully) with all reasonable requests from another party for information and materials not otherwise available to the requesting party in connection with the preparation and filing of Tax Returns, claims for refund, and Audits concerning
issues or other matters covered by this Agreement or in connection with the determination of a liability for Taxes or a right to a refund of Taxes. Such cooperation shall include: 

(i) the retention until the expiration of the applicable statute of limitations, and the provision upon request, of copies of
all Tax Returns, books, records (including information regarding ownership and Tax basis of property), documentation and other information relating to the Tax Returns, including accompanying schedules, related work papers, and documents relating to
rulings or other determinations by Taxing Authorities; 
 (ii) the execution of any document that may be necessary or
reasonably helpful in connection with any Tax Proceeding, or the filing of a Tax Return or refund claim by a member of the JDSU Group or the Holdings Group, including certification, to the best of a party’s knowledge, of the accuracy and
completeness of the information it has supplied; and 
 (iii) the use of the party’s commercially reasonable efforts to
obtain any documentation that may be necessary or reasonably helpful in connection with any of the foregoing. Each party shall make its employees and facilities available on a reasonable and mutually convenient basis in connection with the foregoing
matters. 
 (b) Retention of Records. Any party that is in possession of documentation of JDSU (or any JDSU Affiliate)
or Holdings (or any Holdings Affiliate) relating to the Holdings Business, including books, records, Tax Returns and all supporting schedules and information relating thereto (the “Holdings Business Records”) shall retain
such Holdings Business Records for a period of seven (7) years following the Separation Date. Thereafter, any party wishing to dispose of Holdings Business Records in its possession (after the expiration of the applicable statute of
limitations), shall provide 

  
 16 

 
written notice to the other party describing the documentation proposed to be destroyed or disposed of sixty (60) business days prior to taking such action. The other party may arrange to
take delivery of any or all of the documentation described in the notice at its expense during the succeeding sixty (60) day period. 

9.3 Dispute Resolution. Any dispute, controversy or claim arising out of or relating to this Agreement or the validity,
interpretation, breach or termination thereof (a “Dispute”), shall be resolved in accordance with the procedures set forth in this Section 9.3: 

(a) General Provisions. All communications between the parties or their representatives in connection with the attempted
resolution of any Dispute shall be deemed to have been delivered in furtherance of a Dispute settlement and shall be exempt from discovery and production, and shall not be admissible into evidence for any reason (whether as an admission or
otherwise), in any arbitral or other proceeding for the resolution of any Dispute. 
 WITH RESPECT
TO ANY DISPUTE TO WHICH THIS SECTION 9.3 APPLIES OR OTHERWISE IN
RESPECT OF THIS AGREEMENT, THE PARTIES EXPRESSLY WAIVE AND FOREGO ANY
RIGHT TO EXEMPLARY, SPECIAL, PUNITIVE, INDIRECT, REMOTE, SPECULATIVE OR CONSEQUENTIAL
DAMAGES (INCLUDING IN RESPECT OF LOST PROFITS OR REVENUES), HOWEVER CAUSED
AND ON ANY THEORY OF LIABILITY (INCLUDING NEGLIGENCE), WHETHER OR NOT
SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES
(PROVIDED THAT LIABILITY FOR ANY SUCH DAMAGES WITH RESPECT TO
ANY THIRD PARTY CLAIM AND ANY STATUTORY PENALTIES UNDER ENVIRONMENTAL LAW
SHALL BE CONSIDERED DIRECT DAMAGES). 
 The specific procedures set forth in this
Section 9.3, including the time limits referenced therein, may be modified by agreement of both of the parties in writing. All applicable statutes of limitations and defenses based upon the passage of time shall be tolled while the
procedures specified in this Section 9.3 are pending. The parties will take any necessary or appropriate action required to effectuate such tolling. Unless otherwise agreed in writing, the parties will continue to provide service and
honor all other commitments under this Agreement during the course of resolution of a Dispute pursuant to the provisions of this Section 9.3 with respect to all matters not subject to such Dispute. 

(b) Consideration by Senior Executives. If a Dispute is not resolved in the normal course of business at the operational
level, the parties shall attempt in good faith to resolve the Dispute by negotiation among representatives of the parties at a senior level of management of the parties. Either party may initiate such executive negotiation process by providing a
written notice to the other (the “Initial Notice”). Within thirty (30) days after delivery of the Initial Notice, the receiving party shall submit to the other a written response (the “Response”).
The Initial Notice and the Response shall include (i) a statement of the Dispute and of each party’s position and (ii) the name and title of the executive who will represent that party and of any other Person who will accompany the
executive. The parties agree that such executives shall have full and complete authority to resolve any Disputes submitted pursuant to this section (or paragraph). Such executives will meet in person or by teleconference or video conference within
sixty (60) days of the date of the Initial Notice to seek a resolution of the Dispute. In the event that the executives are unable to agree to a format for such meeting, the meeting shall be convened by teleconference. In the event that the
executives are unable to resolve such Dispute within ninety (90) days of the date of the Initial Notice, the parties may seek any and all other remedies as may be available to them at law or equity. 

(c) Mediation. The parties may, by mutual consent, select a mediator to aid the parties in their discussions and
negotiations. Any opinion expressed by the mediator shall be strictly advisory and shall not be binding on the parties, nor shall any opinion expressed by the mediator be 

  
 17 

 
admissible in any arbitration proceeding. Each party shall bear its own fees, costs and expenses and an equal share of the expenses of the mediation. Each party shall designate a business
executive to have full and complete authority to resolve the Dispute and to represent its interests in the mediation, and each party may, in its sole discretion, include any number of other Representatives in the mediation process. 

9.4 Confidentiality. The parties shall comply with the confidentiality provisions in Section 5.4 of the
SEPARATION AND DISTRIBUTION AGREEMENT. 
 9.5
Setoff. All payments to be made by any party under this Agreement may be netted against payments due to such party under this Agreement, but otherwise shall be made without setoff, counterclaim or withholding, all of which are hereby
expressly waived. 
 9.6 Governing Law; Submission to Jurisdiction; Waiver of Trial. 

(a) This Agreement shall be governed by and construed and interpreted in accordance with the Laws of the State of Delaware
without giving effect to the principles of conflicts of law thereof. 
 (b) Each party to this Agreement hereby irrevocably
(i) agrees that any Dispute shall be subject to the exclusive jurisdiction of the state and federal courts located in the State of Delaware, (ii) waives any claims of forum non conveniens, and agrees to submit to the jurisdiction of such
courts and (iii) agrees that service of any process, summons, notice or document by U.S. registered mail to its respective address set forth in Section 9.10 shall be effective service of process for any litigation brought against it
in any such court or for the taking of any other acts as may be necessary or appropriate in order to effectuate any judgment of said courts. 

9.7 Survival of Covenants. Except as expressly set forth in this Agreement, the covenants and other agreements contained
in this Agreement, and liability for the breach of any obligations contained herein or therein, shall survive the Distribution. 

9.8 Waivers of Default. A waiver by a party of any default by the other party of any provision of this Agreement shall
not be deemed a waiver by the waiving party of any subsequent or other default, nor shall it prejudice the rights of the waiving party. No failure or delay by a party in exercising any right, power or privilege under this Agreement shall operate as
a waiver thereof, nor shall a single or partial exercise thereof prejudice any other or further exercise thereof or the exercise of any other right, power or privilege. No waiver by any party of any provision of this Agreement shall be effective
unless explicitly set forth in writing and executed by the party so waiving. 
 9.9 Force Majeure. No party (or any
Person acting on its behalf) shall have any liability or responsibility for failure to fulfill any obligation (other than a payment obligation) under this Agreement so long as and to the extent to which the fulfillment of such obligation is
prevented, frustrated, hindered or delayed as a consequence of circumstances of Force Majeure. A party claiming the benefit of this provision shall, as soon as reasonably practicable after the occurrence of any such event, (a) notify the other
parties of the nature and extent of any such Force Majeure condition and (b) use due diligence to remove any such causes and resume performance under this Agreement as soon as feasible. 

9.10 Notices. All notices, requests, claims, demands and other communications under this Agreement shall be in writing
and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service, by facsimile or electronic transmission with receipt confirmed (followed by delivery of an original
via overnight courier service) or by registered or certified mail (postage prepaid, return receipt requested) to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in
accordance with this section): 

  
 18 

 If to JDSU, to: 

JDS Uniphase Corporation 

430 North McCarthy Blvd 

Milpitas, California, USA 

95035 

Attention: General Counsel 

Email: [•] 

with a copy to: 

DLA Piper LLP (US) 

2000 University Avenue 

East Palo Alto, California 94303-2215 

Attention: Ed Batts 

Facsimile: [•] 

Email: [•] 

If to Holdings or any Holdings Affiliate, to: 

Lumentum Holdings Inc. 

400 North McCarthy Blvd 

Milpitas, California USA 

95035 

Attention: General Counsel 

Email: [•] 

with a copy to: 

DLA Piper LLP (US) 

2000 University Avenue 

East Palo Alto, California 94303-2215 

Attention: Ed Batts 

Facsimile: [•] 

Email: [•] 

9.11 Termination. Notwithstanding any provision to the contrary, this Agreement may be terminated and the Distribution
abandoned at any time prior to the Distribution Effective Time by and in the sole discretion of JDSU without the prior approval of any Person, including Holdings. In the event of such termination, this Agreement shall become void and no party, or
any of its officers and directors shall have any liability to any Person by reason of this Agreement. After the Distribution Effective Time, this Agreement may not be terminated except by an agreement in writing signed by each of the parties. 

9.12 Changes in Law. 

(a) Any reference to a provision of the Code or a law of another jurisdiction shall include a reference to any applicable
successor provision or law. 

  
 19 

 (b) If, due to any change in applicable law or regulations or their interpretation
by any court of law or other governing body having jurisdiction subsequent to the date of this Agreement, performance of any provision of this Agreement or any transaction contemplated thereby shall become impracticable or impossible, the parties
hereto shall use their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such provision. 

9.13 Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced
under any Law or as a matter of public policy, all other conditions and provisions of this Agreement shall remain in full force and effect. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced,
the parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated by this Agreement be consummated
as originally contemplated to the greatest extent possible. 
 9.14 Entire Agreement. Except as otherwise expressly
provided in this Agreement, this Agreement constitutes the entire agreement of the parties with respect to the subject matter of this Agreement and supersedes all prior agreements and undertakings, both written and oral, between or on behalf of the
parties with respect to the subject matter of this Agreement. 
 9.15 Assignment; No Third-Party Beneficiaries. This
Agreement shall not be assigned by any party without the prior written consent of the other party, except that a party may assign any or all of its rights and obligations under this Agreement in connection with a sale or disposition of any assets or
entities or lines of business of such party or in connection with a merger transaction in which such party is not the surviving entity; provided, however, that, in each case, no such assignment shall release such party from any
liability or obligation under this Agreement nor change any of the steps in this Agreement, and the surviving entity of any merger or the transferee of such assets or businesses shall agree in writing to be bound by the terms of this Agreement as if
named as a party hereto. The provisions of this Agreement and the obligations and rights under this Agreement shall be binding upon, inure to the benefit of and be enforceable by (and against) the parties and their respective successors and
permitted transferees and assigns. This Agreement is for the sole benefit of the parties to this Agreement and their permitted successors and assigns, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other
Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement. 
 9.16
Specific Performance. In the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement, the party or parties who are or are to be thereby aggrieved shall have the right to
specific performance and injunctive or other equitable relief (on an interim or permanent basis) of its rights under this Agreement, in addition to any and all other rights and remedies at law or in equity, and all such rights and remedies shall be
cumulative. The parties agree that the remedies at law for any breach or threatened breach, including monetary damages, may be inadequate compensation for any loss and that any defense in any action for specific performance that a remedy at law
would be adequate is waived. Any requirements for the securing or posting of any bond with such remedy are waived by each of the parties. 

9.17 Amendment. No provision of this Agreement may be amended or modified except by a written instrument signed by each
of the parties to this Agreement. 
 9.18 Rules of Construction. Interpretation of this Agreement shall be governed by
the following rules of construction: (a) words in the singular shall be held to include the plural and vice versa, and words of one gender shall be held to include the other gender as the context requires,

  
 20 

 
(b) references to the terms “Article,” “Section,” “paragraph,” “clause,” “Exhibit” and “Schedule” are references to the Articles,
Sections, paragraphs, clauses, Exhibits and Schedules of this Agreement unless otherwise specified, (c) the terms “hereof,” “herein,” “hereby,” “hereto,” and derivative or similar words refer to this
entire Agreement, including the Schedules and Exhibits hereto, (d) references to “$” shall mean U.S. dollars, (e) the word “including” and words of similar import when used in this Agreement shall mean “including
without limitation,” unless otherwise specified, (f) the word “or” shall not be exclusive, (g) references to “written” or “in writing” include in electronic form, (h) unless the context requires
otherwise, references to “party” shall mean JDSU or Holdings, as appropriate, and references to “parties” shall mean JDSU and Holdings, (i) provisions shall apply, when appropriate, to successive events and transactions,
(j) the table of contents and headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement, (k) JDSU and Holdings have each participated in the
negotiation and drafting of this Agreement and if an ambiguity or question of interpretation should arise, this Agreement shall be construed as if drafted jointly by the parties and no presumption or burden of proof shall arise favoring or burdening
either party by virtue of the authorship of any of the provisions in this Agreement or any interim drafts of this Agreement, and (l) a reference to any Person includes such Person’s successors and permitted assigns. 

9.19 Counterparts. This Agreement may be executed in one (1) or more counterparts, and by each party in separate
counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or .pdf
shall be as effective as delivery of a manually executed counterpart of this Agreement. 

  
 21 

 IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed by a duly
authorized officer as of the date first above written. 
  

	
	 JDS UNIPHASE CORPORATION

ON BEHALF OF ITSELF AND EACH OF THE

JDSU AFFILIATES

	
	   

	By:
	Its:

  

	
	 LUMENTUM HOLDINGS INC.

ON BEHALF OF ITSELF AND EACH OF THE

HOLDINGS AFFILIATES

	
	   

	By:
	Its:EX-10.2

 Exhibit 10.2 

EMPLOYEE MATTERS AGREEMENT 

BY AND AMONG 

JDS UNIPHASE CORPORATION, 

LUMENTUM HOLDINGS INC., 

AND 

LUMENTUM OPERATIONS LLC. 

[•], 2015 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	PAGE	 
			
	 ARTICLE I
	  	 DEFINITIONS
	  	 	1	  
			
	 1.1
	  	 Definitions
	  	 	1	  
			
	 ARTICLE II
	  	 GENERAL PRINCIPLES FOR ALLOCATION OF
LIABILITIES
	  	 	8	  
			
	 2.1
	  	 General Principles
	  	 	8	  
			
	 2.2
	  	 Service Credit
	  	 	9	  
			
	 2.3
	  	 Collective Bargaining
	  	 	9	  
			
	 2.4
	  	 Non-U.S. Regulatory Compliance
	  	 	9	  
			
	 ARTICLE III
	  	 ASSIGNMENT OF EMPLOYEES
	  	 	9	  
			
	 3.1
	  	 Employee Information
	  	 	9	  
			
	 3.2
	  	 Cooperation in Employee Transfers
	  	 	9	  
			
	 3.3
	  	 Employee Transfers
	  	 	10	  
			
	 3.4
	  	 Assignment of Individual Agreements
	  	 	11	  
			
	 3.5
	  	 Treatment of Vacation
	  	 	11	  
			
	 3.6
	  	 Employee Transfer Or Termination Costs
	  	 	11	  
			
	 ARTICLE IV
	  	 U.S. WELFARE PLANS AND 401(K) PLAN
	  	 	11	  
			
	 4.1
	  	 Lumentum Welfare Plans
	  	 	11	  
			
	 4.2
	  	 COBRA and HIPAA
	  	 	12	  
			
	 4.3
	  	 Insurance Contracts
	  	 	12	  
			
	 4.4
	  	 Third-Party Vendors
	  	 	12	  
			
	 4.5
	  	 Fringe Benefits
	  	 	12	  
			
	 4.6
	  	 Workers’ Compensation
	  	 	12	  
			
	 4.7
	  	 Lumentum 401(k) Plan
	  	 	12	  
			
	 4.8
	  	 Recognition of Service
	  	 	13	  
			
	 ARTICLE V
	  	 NON-U.S. WELFARE PLANS AND 401(K)
PLAN
	  	 	14	  
			
	 5.1
	  	 Establishment of Lumentum Non-U.S. Welfare Plans
	  	 	14	  
			
	 5.2
	  	 Establishment of Lumentum Non-U.S. Retirement Plans
	  	 	14	  
			
	 ARTICLE VI
	  	 NONQUALIFIED DEFERRED COMPENSATION
	  	 	15	  
			
	 6.1
	  	 Deferred Compensation Plan
	  	 	15	  
			
	 6.2
	  	 Rabbi Trust
	  	 	15	  
			
	 6.3
	  	 Participant Elections
	  	 	15	  
			
	 6.4
	  	 Participation; Distributions
	  	 	15	  
			
	 6.5
	  	 Top Hat Filing
	  	 	16	  
			
	 ARTICLE VII
	  	 VARIABLE COMPENSATION PLANS
	  	 	16	  
			
	 7.1
	  	 JDSU Variable Compensation Plans
	  	 	16	  
			
	 7.2
	  	 Lumentum Variable Compensation Plans
	  	 	16	  

  
 i 

 TABLE OF CONTENTS 

(CONTINUED) 
  

							
	 	  	 	  	PAGE	 
			
	 ARTICLE VIII
	  	 EQUITY BASED COMPENSATION
	  	 	16	  
			
	 8.1
	  	 General Principles
	  	 	16	  
			
	 8.2
	  	 Stock Options
	  	 	17	  
			
	 8.3
	  	 Restricted Stock Units
	  	 	18	  
			
	 8.4
	  	 Performance Unit Awards
	  	 	18	  
			
	 8.5
	  	 Employee Stock Purchase Plans
	  	 	19	  
			
	 8.6
	  	 Section 16(b) of the Exchange Act
	  	 	19	  
			
	 8.7
	  	 Liability for Grant, Modification or Settlement of Equity Awards
	  	 	19	  
			
	 8.8
	  	 Registration and Other Regulatory Requirements
	  	 	19	  
			
	 8.9
	  	 Tax Reporting and Withholding
	  	 	20	  
			
	 ARTICLE IX
	  	 MISCELLANEOUS
	  	 	20	  
			
	 9.1
	  	 Information Sharing and Access
	  	 	20	  
			
	 9.2
	  	 Consistency of Tax Positions; Duplication
	  	 	21	  
			
	 9.3
	  	 Costs
	  	 	21	  
			
	 9.4
	  	 Preservation of Rights to Amend
	  	 	21	  
			
	 9.5
	  	 Fiduciary Matters
	  	 	21	  
			
	 9.6
	  	 Section 409A of the Code
	  	 	21	  
			
	 9.7
	  	 Further Assurances
	  	 	21	  
			
	 9.8
	  	 Dispute Resolution
	  	 	22	  
			
	 9.9
	  	 Governing Law; Submission to Jurisdiction; Waiver of Trial
	  	 	22	  
			
	 9.10
	  	 Survival of Covenants
	  	 	22	  
			
	 9.11
	  	 Waivers of Default
	  	 	22	  
			
	 9.12
	  	 Force Majeure
	  	 	22	  
			
	 9.13
	  	 Notices
	  	 	22	  
			
	 9.14
	  	 Termination
	  	 	23	  
			
	 9.15
	  	 Severability
	  	 	24	  
			
	 9.16
	  	 Entire Agreement
	  	 	24	  
			
	 9.17
	  	 Assignment; No Third-Party Beneficiaries
	  	 	24	  
			
	 9.18
	  	 Specific Performance
	  	 	24	  
			
	 9.19
	  	 Amendments
	  	 	24	  
			
	 9.20
	  	 Rules of Construction
	  	 	24	  
			
	 9.21
	  	 Counterparts
	  	 	25	  

  
 ii 

 EMPLOYEE MATTERS AGREEMENT 

This EMPLOYEE MATTERS AGREEMENT (this “Agreement”),
dated as of [•], 2015 (the “Effective Date”), is by and between JDS Uniphase Corporation, a Delaware corporation which is anticipated to be renamed Viavi Solutions, Inc. (“JDSU”), Lumentum
Holdings Inc., a Delaware corporation (“Holdings”), and Lumentum Operations LLC, a Delaware corporation (“Lumentum”). Certain terms used in this Agreement are defined in Section 1.1. 

R E C I T A L S: 

WHEREAS, the Board of Directors of JDSU has determined that it is in the best interests of JDSU and its
stockholders to establish Lumentum as a wholly-owned subsidiary and transfer certain assets and liabilities from JDSU to Lumentum pursuant to a CONTRIBUTION AGREEMENT dated concurrently with this
Agreement (the “Contribution Agreement”); 
 WHEREAS, in addition to the
matters addressed by the CONTRIBUTION AGREEMENT, the parties desire to enter into this Agreement to set forth the agreement between the parties relating to the transfer of employees between the
companies and their respective compensation and benefit plans and programs, the division of assets and liabilities associated with certain employment, compensation and benefit matters, and other matters associated with the replication of certain
employee benefit plans and programs; 
 NOW, THEREFORE, in consideration of the mutual
agreements, provisions and covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, hereby agree as follows: 

Article I 

DEFINITIONS 

1.1 Definitions. For purposes of this Agreement, the following terms shall have the meanings specified in this section:

 “Action” means any demand, action, claim, dispute, charge of discrimination, suit, countersuit,
arbitration, inquiry, subpoena, proceeding or investigation of any nature (whether criminal, civil, legislative, administrative, regulatory, prosecutorial or otherwise) by or before any federal, state, local, foreign or international Governmental
Authority or any arbitration or mediation tribunal. 
 “Affiliate” (including, with a
correlative meaning, “affiliated”) means, when used with respect to a specified Person, a Person that directly or indirectly, through one (1) or more intermediaries, controls, is controlled by or is under common control
with such specified Person. For the purpose of this definition, “control” (including with correlative meanings, “controlled by” and “under common control with”), when used with
respect to any specified Person means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities or other interests, by
Contract or otherwise. It is expressly agreed that, from, at and after the Effective Time and for purposes of this Agreement and the TRANSACTION
DOCUMENTS, no member of the Lumentum Group shall be deemed to be an Affiliate of any member of the Viavi Group, and no member of the Viavi Group shall be deemed to be an Affiliate of any
member of the Lumentum Group. 
 “Assets” shall have the meaning set forth in the
CONTRIBUTION AGREEMENT. 
 “Automatic Transfer Employees” means
those JDSU Group Employees engaged in the Lumentum Business whose employment transfers by operation of applicable Law to a member of the Lumentum Group. 

“Benefit Plan” means any contract, agreement, policy, practice, program, plan, or other arrangement providing for
benefits of any nature from an employer to any Employee, or to any family member, dependent, or beneficiary of any such Employee, including profit sharing plans, pension plans, supplemental pension plans, Welfare Plans, stock option, stock purchase,
stock appreciation rights, other equity-based compensation, and contracts, agreements, policies, practices, programs, plans, and arrangements providing for severance benefits, change in control protections or benefits, travel and accident, life,
accidental death and dismemberment, disability and accident insurance, vacation, sick, or other leave plans; provided, however, that the term “Benefit Plan” does not include any government-sponsored benefits, such as
workers’ compensation, unemployment or any similar plans, programs or policies or Individual Agreements. 

  
 1 

 “Board” means the Board of Directors of the applicable entity. 

“COBRA” means the U.S. Consolidated Omnibus Budget Reconciliation Act of 1985, as codified at
Section 601 et seq. of ERISA and at Section 4980B of the Code. 
 “Code” means the Internal
Revenue Code of 1986, as amended. 
 “Continuing Employees” means those Employees whose employment continues with
their current employing entity within the Lumentum Group at and following the Contribution or those JDSU Group Employees whose employment continues with their current employing entity within the Viavi Group as applicable at and following the
Effective Time. 
 “Contract” means any agreement, contract, obligation, indenture, instrument, lease,
promise, arrangement, commitment or undertaking (whether written or oral and whether express or implied). 

“Contribution” shall have the meaning set forth in the CONTRIBUTION
AGREEMENT. 
 “Contribution Agreement” means the CONTRIBUTION
AGREEMENT dated as of [•], 2015, by and between JDSU and Lumentum. 

“Distribution” means the distribution of the issued and outstanding Common Stock of Holdings par value $0.001 to the
holders of issued and outstanding shares of the Common Stock of JDSU as of the Record Date by means of a pro rata distribution of one share of Holdings Common Stock for every five shares of JDSU Common Stock held thereby. 

“Distribution Date” means [•]. 

“Effective Time” means the time at which the Distribution occurs on the Distribution Date, which shall
be deemed to be 12:01 a.m., Pacific time, on the Distribution Date. 
 “Employee” means any JDSU Group
Employee, Lumentum Group Employee or Viavi Group Employee. 
 “ERISA” means the U.S. Employee
Retirement Income Security Act of 1974, as amended, and the regulations promulgated thereunder. 
 “Exchange
Act” means the United States Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC thereunder, all as the same shall be in effect at the time that reference is made. 

“Force Majeure” means, with respect to a party, an event beyond the control of such party (or any Person
acting on its behalf), which by its nature could not reasonably have been foreseen by such party (or such Person), or, if it could have reasonably been foreseen, was unavoidable, and includes acts of God, storms, floods, riots, fires, sabotage,
civil commotion or civil unrest, interference by civil or military authorities, acts of war (declared or undeclared) or armed hostilities or other national or international calamity or one (1) or more acts of terrorism or failure of energy
sources or distribution facilities. 
 “Former JDSU Group Employee” means any individual who,
immediately prior to the Effective Time, is a former Employee of the JDSU Group (other than any Former Lumentum Group Employee). 

“Former Lumentum Group Employee” means any individual who is (i) immediately prior to the Effective Time, a
former Employee of the JDSU Group whose most recent employment with the JDSU Group was in the Lumentum Business, (ii) a former Employee of the Lumentum Group, or (iii) an individual identified as a Former Lumentum Group Employee on the
list previously prepared by JDSU and supplied to Lumentum, and approved by JDSU in its sole discretion, not later than the Effective Time. 

“Governmental Authority” means any nation or government, any state, municipality or other political
subdivision thereof, and any entity, body, agency, commission, department, board, bureau, court, tribunal or other instrumentality, whether federal, state, local, domestic, foreign, transnational or multinational, exercising executive, legislative,
judicial, regulatory, administrative or other similar functions of, or pertaining to, government or any executive official thereof. 

  
 2 

 “Group” means the JDSU Group, the Lumentum Group or the Viavi Group, as
the context may dictate. 
 “HIPAA” means the U.S. Health Insurance Portability and Accountability Act
of 1996, as amended, and the regulations promulgated thereunder. 
 “Holdings Board” means the Board
of Directors of Holdings. 
 “Holdings Equity Awards” means, collectively, Holdings Options, Holdings RSU Awards,
and Holdings MSU Awards. 
 “Holdings Equity Plan” means the Holdings 2015 Equity Incentive Plan to be adopted by
Holdings on or prior to the Transfer Date. 
 “Holdings ESPP” means the Holdings 2015 Employee Stock Purchase Plan
to be adopted by Holdings on or prior to the Transfer Date. 
 “Holdings MSU Award” means a performance unit award
(also known as a market stock unit or “MSU” award) granted pursuant to the Holdings Equity Plan in accordance with Section 8.04(b). 

“Holdings Option” means an option to purchase Holdings Shares granted pursuant to the Holdings Equity
Plan in accordance with Section 8.02(b). 
 “Holdings Ratio”
means the quotient obtained by dividing (i) the Pre-Distribution JDSU Stock Price, by (ii) the Post-Distribution Holdings Stock Price. 

“Holdings RSU Award” means a restricted stock unit award granted pursuant to the Holdings Equity Plan in
accordance with Section 8.03(b). 
 “Holdings Share” means a
share of Holdings common stock, par value $0.001 per share. 
 “Individual Agreement” means any individual
(i) employment agreement, (ii) retention, severance or change of control agreement, (iii) expatriate (including any international assignee) contract or agreement (including agreements and obligations regarding repatriation,
relocation, equalization of taxes and living standards in the host country), or (iv) other agreement containing restrictive covenants (including confidentiality and employment-related non-competition and non-solicitation provisions) maintained
by a member of the JDSU Group or a member of the Lumentum Group, as in effect immediately prior to the Effective Time. 

“IRS” means the United States Internal Revenue Service. 

“JDSU” shall have the meaning set forth in the preamble to this Agreement. 

“JDSU 401(k) Plan” means the JDS Uniphase Corporation 401(k) Plan, as amended and restated January 1, 2011. 

“JDSU 401(k) Trust” shall have the meaning set forth in Section 4.07 (b). 

“JDSU Benefit Plan” means any Benefit Plan established, sponsored or maintained by JDSU or any of its
Subsidiaries immediately prior to the Effective Time, excluding any Lumentum Benefit Plan. 
 “JDSU
Board” means the Board of Directors of JDSU. 
 “JDSU Business” shall have the meaning set forth in the
CONTRIBUTION AGREEMENT. 
 “JDSU Compensation Committee” means
the Compensation Committee of the JDSU Board. 
 “JDSU Deferred Compensation Plan” means the JDS Uniphase
Corporation Deferred Compensation Plan, amended and restated as of January 1, 2008. 
 “JDSU Equity Awards”
means, collectively, JDSU Options, JDSU RSU Awards, and JDSU MSU Awards. 
 “JDSU Equity Plan” means
any equity compensation plan sponsored or maintained by JDSU immediately prior to the Effective Time (other than the JDSU ESPP), excluding the Holdings Equity Plan. 

“JDSU ESPP” means the JDS Uniphase Corporation Employee Stock Purchase Plan as in effect immediately prior to the
Effective Time, excluding any Holdings ESPP. 

  
 3 

 “JDSU Group” means JDSU and each Person (other than any member of the
Lumentum Group) that is a Subsidiary of JDSU immediately prior to the Effective Time, which shall include those entities set forth on SCHEDULE 1.1(30) of the CONTRIBUTION
AGREEMENT. 
 “JDSU Group Employee” means an individual who, immediately prior to
the Transfer Date or the Effective Time, (i) is employed by, or, on a leave of absence from, any member of the JDSU Group, or (ii) a Former JDSU Group Employee. 

“JDSU MSU Award” means a performance unit award (also known as a market stock unit or “MSU” award) granted
under a JDSU Equity Plan that is outstanding immediately prior to the Effective Time. 
 “JDSU Non-U.S. Retirement
Plan” means a JDSU Benefit Plan, the primary purpose of which is to provide retirement benefits to JDSU Group Employees, Former JDSU Group Employees, and, as applicable, Lumentum Group Employees and Former Lumentum Group Employees, who
are or were employed by a non-U.S. Subsidiary of JDSU. 
 “JDSU Option” means a stock option to
purchase JDSU Shares, granted pursuant to a JDSU Equity Plan, that is outstanding as of immediately prior to the Effective Time. 

“JDSU Rabbi Trust” means the grantor trust established by JDSU with T. Rowe Price Trust Company,
effective July 1, 2001, pursuant to the JDSU Deferred Compensation Plan. 
 “JDSU RSU
Award” means a restricted stock unit award, granted pursuant to a JDSU Equity Plan, that is outstanding as of immediately prior to the Effective Time. 

“JDSU Share” means a share of JDSU common stock, par value $0.001 per share. 

“JDSU Variable Compensation Plans” means any variable incentive compensation plan, program or arrangement sponsored by
JDSU or a Subsidiary of JDSU, excluding any Lumentum Variable Compensation Plan, pursuant to which an Employee is eligible to receive a cash award, subject in whole or in part to the achievement of performance goals over a period of no more than one
(1) year, including without limitation the JDSU FY2015 Variable Pay Plan and the FY2014 JDSU CCOP Sales Incentive Plan. 

“JDSU Welfare Plan” means any Welfare Plan established, sponsored, maintained or contributed to by JDSU or any of its
Subsidiaries for the benefit of JDSU Group Employees and as applicable Lumentum Group Employees, including each Welfare Plan listed on SCHEDULE A to this Agreement but excluding any Lumentum Welfare Plan. 

“Law” means any national, foreign, international, multinational, supranational, federal, state, provincial, local or
similar law (including common law), statute, code, order, directive, guidance, ordinance, rule, regulation, treaty (including any income tax treaty), license, permit, authorization, approval, consent, decree, injunction, binding judicial or
administrative interpretation or other requirement, in each case, enacted, promulgated, issued or entered by a Governmental Authority. 

“Liabilities” means any and all debts, guarantees, liabilities, costs, expenses, interest and obligations, whether
accrued or fixed, absolute or contingent, matured or unmatured, reserved or unreserved, or determined or determinable, including those arising under any Law, claim (including any third Person product liability claim or claim arising in connection
with a Benefit Plan), demand, Action, whether asserted or unasserted, or order, writ, judgment, injunction, decree, stipulation, determination or award entered by or with any Governmental Authority and those arising under any Contract, release or
warranty, or any fines, damages or equitable relief that is imposed, in each case, including all costs and expenses relating thereto. 

“Lumentum” shall have the meaning set forth in the preamble to this Agreement. 

“Lumentum 401(k) Plan” means the Lumentum Inc. 401(k) Plan, to be adopted by Lumentum on or prior to the Transfer Date
as described in Section 4.07(a). 
 “Lumentum 401(k) Trust” shall have the meaning set forth in
Section 4.07(a). 
 “Lumentum Benefit Plan” means any Benefit Plan to be established,
sponsored, maintained or contributed to by a member of the Lumentum Group. 

  
 4 

 “Lumentum Board” means the Board of Directors of Lumentum. 

“Lumentum Business” shall have the meaning set forth in the CONTRIBUTION
AGREEMENT. 
 “Lumentum Deferred Compensation Plan” means the nonqualified
deferred compensation plan to be adopted by Lumentum or any other member of the Lumentum Group. 
 “Lumentum Group”
means Lumentum, Holdings and each Person that is a Subsidiary of Lumentum or Holdings immediately prior to or after the Effective Time, which shall include those entities set forth on SCHEDULE 1.1(39) to the
CONTRIBUTION AGREEMENT and each Person that becomes a Subsidiary of Lumentum or Holdings after the Effective Time. 

“Lumentum Group Employee” means an individual who commences or continues employment with Lumentum, Holdings or one
(1) of their Subsidiaries on and following the Transfer Date or the date of Contribution. 
 “Lumentum
Non-U.S. Retirement Plan” means a Lumentum Benefit Plan, the primary purpose of which is to provide retirement benefits to Lumentum Group Employees and/or Former Lumentum Group Employees who are or were employed by a non-U.S. Subsidiary
of Lumentum or Holdings. 
 “Lumentum Non-U.S. Welfare Plan” means a Lumentum Welfare Plan, the
primary purpose of which is to provide benefits to Lumentum Group Employees and/or Former Lumentum Group Employees who are or were employed by a non-U.S. Subsidiary of Lumentum or Holdings. 

“Lumentum Rabbi Trust” means the trust to be established by Lumentum as described in Section 6.02. 

“Lumentum Variable Compensation Plans” means any variable incentive compensation plan, program or arrangement
sponsored by a member of the Lumentum Group pursuant to which an Employee is eligible to receive a cash award, subject in whole or in part to the achievement of performance goals over a period of no more than one (1) year. 

“Lumentum Welfare Plans” means any Welfare Plan established, sponsored, maintained or contributed to by
any member of the Lumentum Group for the benefit of Lumentum Group Employees. 
 “NASDAQ” means the
NASDAQ Stock Market. 
 “Non-Automatic Transfer Employees” means those Employees who are not Continuing Employees or
Automatic Transfer Employees. 
 “Person” means any individual, corporation, partnership, firm, joint
venture, association, joint-stock company, trust, unincorporated organization, limited liability company, Governmental Authority or other entity. 

“Post-Distribution” shall refer to any period of time as of or after the Effective Time. 

“Post-Distribution Holdings Stock Price” means the VWAP of Holdings Shares for the first four (4) Trading
Sessions immediately following the Distribution Date. 
 “Post-Distribution Viavi Stock Price” means the VWAP of
Viavi Shares for the first four (4) Trading Sessions immediately following the Distribution Date. 
 “Pre-Distribution JDSU
Stock Price” means the VWAP of JDSU Shares for the last four (4) Trading Sessions immediately prior to the Distribution Date. 

“QDRO” means a qualified domestic relations order within the meaning of ERISA Section 206(d) and
Section 414(p) of the Code. 
 “Qualification Requirements” means, in the
aggregate, the tax qualification requirements of Section 401(a) of the Code, the tax exemption requirements of Section 501(a) of the Code, and the requirements described in Sections 401(k) and 401(m) of the Code in respect of a plan
intended to meet such requirements. 
 “Record Date” means the date determined by the JDSU Board as
the record date for the Distribution. 
 “SEC” means the U.S. Securities and Exchange Commission. 

  
 5 

 “Securities Act” means the United States Securities Act of 1933, as
amended, and the rules and regulations of the SEC thereunder, all as the same shall be in effect at the time that reference is made. 

“Separation and Distribution Agreement” means the SEPARATION AND
DISTRIBUTION AGREEMENT dated as of [•], 2015, by and between JDSU, Lumentum, and Holdings. 

“Subsidiary” or “subsidiary” means, with respect to any Person, any corporation,
limited liability company, joint venture or partnership of which such Person (i) beneficially owns, either directly or indirectly, more than fifty percent (50%) of (A) the total combined voting power of all classes of voting
securities of such Person, (B) the total combined equity interests or (C) the capital or profit interests, in the case of a partnership, or (ii) otherwise has the power to vote, either directly or indirectly, sufficient securities to
elect a majority of the board of directors or similar governing body. 
 “Third Party” means a Person
that is not a member of the JDSU Group, the Lumentum Group or the Viavi Group. 
 “Trading Session”
means the period of time during any given calendar day, commencing with the determination of the opening price on the NASDAQ and ending with the determination of the closing price on the NASDAQ, in which trading in JDSU Shares, Viavi Shares or
Holdings Shares (as applicable) is permitted on the NASDAQ. 
 “Transaction Documents” means this
Agreement, the CONTRIBUTION AGREEMENT and the Transfer Documents. 

“Transfer” means the transfer of the employment of (1) a JDSU Group Employee engaged in the Lumentum Business
from a member of the JDSU Group to a member of the Lumentum Group; or (2) an Employee, who is engaged in the JDSU Business but who is employed by a member of the Lumentum Group, to a member of the Viavi Group. 

“Transfer Date” means, with respect to any Employee, the date on which the Transfer of such Employee occurs, which
shall be on or before the Contribution, except as otherwise agreed by the parties in respect of additional transitional services as set out in the SEPARATION AND DISTRIBUTION
AGREEMENT among the parties dated concurrently herewith. 
 “Transfer Documents”
means the Pre-Contribution Transfer Documents, the Post-Contribution JDSU Transfer Documents and the Post-Contribution Lumentum Transfer Documents (each as defined in the CONTRIBUTION AGREEMENT),
including the documents listed on SCHEDULE 1.1(49) of the CONTRIBUTION AGREEMENT. 

“Transferred Account Balances” shall have the meaning set forth in Section 4.01(c). 

“Transfer Regulations” means the Council Directive 2001/23/EC of 12 March 2001 on the approximation
of the laws of the European Union Member States relating to the safeguarding of employees’ rights in the event of transfers of undertakings, businesses or parts of businesses (and its amendments) (collectively, the “Acquired Rights
Directive”) and the legislation and regulations of any EU Member State implementing such Acquired Rights Directive, as well as other Laws providing for an automatic transfer of employment in a business transfer. 

“U.S.” means the United States of America. 

“Viavi” means Viavi Solutions, Inc., the anticipated name of the entity that will continue to operate the JDSU
Business at and following the Effective Time. 
 “Viavi 401(k) Plan” means any JDSU 401(k) Plan, renamed as Viavi
401(k) Plan and continued in effect by Viavi or any other member of the Viavi Group at and following the Effective Time. 

“Viavi 401(k) Trust” means any JDSU 401(k) Trust, renamed as Viavi 401(k) Trust and continued in effect by Viavi or
any other member of the Viavi Group at and following the Effective Time. 
 “Viavi Benefit Plan” means any JDSU
Benefit Plan, renamed as Viavi Benefit Plan and continued in effect by Viavi or any other member of the Viavi Group at and following the Effective Time. 

  
 6 

 “Viavi Board” means the Board of Directors of Viavi. 

“Viavi Deferred Compensation Plan” means any JDSU Deferred Compensation Plan, renamed as Viavi Deferred Compensation
Plan and continued in effect by Viavi or any other member of the Viavi Group at and following the Effective Time. 
 “Viavi
Equity Awards” means, collectively, Viavi Options, Viavi RSU Awards, and Viavi MSU Awards. 
 “Viavi Equity
Plan” means any JDSU Equity Plan, renamed as a Viavi Equity Plan and continued in effect by Viavi or any other member of the Viavi Group at and following the Effective Time. 

“Viavi ESPP” means any JDSU ESPP, renamed as a Viavi ESPP and continued in effect by Viavi or any other member of the
Viavi Group at and following the Effective Time. 
 “Viavi Group” means Viavi and each Person that is a Subsidiary
of Viavi at or after the Effective Time, which shall include each Person that becomes a Subsidiary of Viavi after the Effective Time. 

“Viavi Group Employee” means those JDSU Group Employees who commence or continue employment with any member of the
JDSU Group or the Viavi Group on and following the Transfer Date or the date of Contribution. 
 “Viavi MSU Award”
means any JDSU MSU Award renamed and converted into a Viavi MSU Award in accordance with Section 8.04(a). 
 “Viavi
Non-U.S. Retirement Plan” means any JDSU Non-U.S. Retirement Plan, renamed as a Viavi Non-U.S. Retirement Plan and continued in effect by Viavi or any other member of the Viavi Group at and following the Effective Time. 

“Viavi Option” means any JDSU Option renamed and converted into a Viavi Option in accordance with
Section 8.02(a). 
 “Viavi Rabbi Trust” means any JDSU Rabbi Trust, renamed as Viavi Rabbi Trust and
assumed and continued in effect by Viavi or any other member of the Viavi Group at and following the Effective Time. 

“Viavi Ratio” means the quotient obtained by dividing (i) the Pre-Distribution JDSU Stock Price, by
(ii) the Post-Distribution Viavi Stock Price. 
 “Viavi RSU Award” means any JDSU RSU Award
renamed and converted into a Viavi RSU Award in accordance with Section 8.03(a). 
 “Viavi Share” means
a JDSU Share renamed and traded as Viavi Share at and following the Effective Time. 
 “Viavi Welfare Plan” means
any JDSU Welfare Plan, renamed as Viavi Welfare Plan and assumed and continued in effect by Viavi or any other member of the Viavi Group at and following the Effective Time. 

“VWAP” means the volume-weighted average trading price of JDSU Shares, Viavi Shares or Holdings Shares, as applicable,
over the specified Trading Sessions, computed by dividing (i) the aggregate sales price of all such shares sold on the NASDAQ during such Trading Sessions, by (ii) the number of all such shares sold on the NASDAQ during such Trading
Sessions. 
 “Welfare Plan” means any “welfare plan” (as defined in Section 3(1) of
ERISA) or a “cafeteria plan” under Section 125 of the Code, and any benefits offered thereunder, and any other plan offering health benefits (including medical, prescription drug, dental, vision, wellness, mental health, substance
abuse and retiree health), disability benefits, or life, accidental death and dismemberment, and business travel insurance, pre-tax premium conversion benefits, dependent care assistance programs, employee assistance programs, flexible spending
accounts, or severance. 
 Article II 

GENERAL PRINCIPLES FOR ALLOCATION OF LIABILITIES

 2.1 General Principles. 

  
 7 

 (a) Acceptance and Assumption of Liabilities by Lumentum. Upon the Transfer Date or the
date of Contribution, whichever is applicable, except as provided in this Agreement, the Lumentum Group shall retain or accept, and assume, and agree faithfully to perform, discharge and fulfill the following Liabilities in accordance with their
respective terms, regardless of when or where such Liabilities arose or arise, whether the facts on which they are based occurred prior to, on or subsequent to the Transfer Date, where or against whom such Liabilities are asserted or determined,
whether such Liabilities are asserted or determined prior to the date of this Agreement, and whether such Liabilities arise from or are alleged to arise from negligence, recklessness, violation of Law, fraud or misrepresentation by any member of the
JDSU Group or the Lumentum Group, or any of their respective directors, officers, employees, agents, Subsidiaries or Affiliates: 
 (i) any
and all Liabilities with respect to, in relation to, or for claims made by any Lumentum Group Employees, with the exception of any Liabilities with respect to the claims listed on SCHEDULE B to this Agreement; 

(ii) any and all Liabilities expressly assumed by a member of the Lumentum Group pursuant to this Agreement; and 

(iii) provided, however, that the Lumentum Group’s retention and assumption of Liabilities for claims made by or with respect to
any Lumentum Group Employee in connection with any Benefit Plans (with the exception of any Welfare Plan) are limited to those Benefit Plans that are retained or assumed by a member of the Lumentum Group pursuant to this Agreement, the
CONTRIBUTION AGREEMENT or any other Transaction Document. 
 (b) Acceptance and
Assumption of Liabilities by JDSU and Subsequently by Viavi. Upon the Transfer Date or the date of Contribution, whichever is applicable, except as provided in this Agreement, the JDSU Group (and at and immediately following the Effective Time,
the Viavi Group) shall retain or accept, and assume, and agree faithfully to perform, discharge and fulfill the following Liabilities in accordance with their respective terms, regardless of when or where such Liabilities arose or arise, whether the
facts on which they are based occurred prior to, on or subsequent to the Transfer Date, where or against whom such Liabilities are asserted or determined, whether such Liabilities are asserted or determined prior to the date of this Agreement, and
whether such Liabilities arise from or are alleged to arise from negligence, recklessness, violation of Law, fraud or misrepresentation by any member of the JDSU Group or the Lumentum Group, or any of their respective directors, officers, employees,
agents, Subsidiaries or Affiliates: 
 (i) any and all Liabilities with respect to, in relation to, or for claims made by any Viavi Group
Employees; 
 (ii) any and all Liabilities expressly assumed by a member of the JDSU Group pursuant to this Agreement, including any and
all Liabilities with respect to the claims listed on SCHEDULE B to this Agreement ; 
 (iii)
provided, however, that JDSU’s (and subsequently Viavi’s) retention and assumption of Liabilities for claims made by or with respect to any JDSU Group Employee in connection with any Benefit Plans (with the exception of any Welfare
Plan) are limited to those Benefit Plans that are retained or assumed by a member of the JDSU Group (and subsequently by a member of the Viavi Group) pursuant to this Agreement, the CONTRIBUTION
AGREEMENT or any other Transaction Document; and 
 (iv) provided further that any and all
Liabilities for claims made by or with respect to any Lumentum Group Employees in connection with any Welfare Plan, whether such plan is maintained by a member of the JDSU Group or a member of the Lumentum Group, will be retained and assumed by a
member of the JDSU Group and subsequently by an equivalent member of the Viavi Group if the service provided to the Employee was incurred while employed by a member of the JDSU Group. 

(c) Other Allocation of Liabilities. To the extent that this Agreement does not address particular Liabilities under any Benefit Plan
and the parties later determine that they should be allocated in connection with the Distribution, Contribution and/or the Transfer (whether on the Distribution Date, the date of the Contribution or the Transfer Date), the parties shall agree in
good faith on the allocation, taking into account the handling of comparable Liabilities under this Agreement. 

  
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 2.2 Service Credit. 

(a) Recognition of Seniority by Lumentum. Lumentum shall, and shall cause the applicable member of the Lumentum Group to, recognize
each Lumentum Group Employee’s service with JDSU or any of its Subsidiaries or predecessor entities before the Transfer Date for all purposes including with respect to those Lumentum Benefit Plans adopted or maintained by the Lumentum Group on
or as of the Distribution Date, unless as otherwise set forth in this Agreement. Such recognition of seniority shall include any seniority that JDSU or any of its Subsidiaries recognized from any previous employer(s) with respect to each Lumentum
Group Employee. The recognition of seniority herein shall be subject to any respectively applicable “service bridging,” “break in service,” “employment date” or “eligibility date” rules under the JDSU Benefit
Plans or Lumentum Benefit Plans. 
 (b) Recognition of Seniority by Viavi. JDSU shall, and shall cause the applicable member of the
Viavi Group to, recognize each Viavi Group Employee’s service with JDSU or any of its Subsidiaries or predecessor entities before the Transfer Date for all purposes including with respect to those Viavi Benefit Plans adopted or maintained by
the Viavi Group on or as of the Distribution Date, unless as otherwise set forth in this Agreement. Such recognition of seniority shall include any seniority that JDSU or any of its Subsidiaries recognized from any previous employer(s) with respect
to each Viavi Group Employee. The recognition of seniority herein shall be subject to any respectively applicable “service bridging,” “break in service,” “employment date” or “eligibility date” rules under the
JDSU Benefit Plans or Viavi Benefit Plans. 
 (c) No Acceleration or Duplication of Benefits. No Lumentum Group Employee or Viavi
Group Employee shall receive any of the service credit provided above if such credit would result in acceleration or duplication of benefits. 

2.3 Collective Bargaining. JDSU and Lumentum and their respective Subsidiaries shall comply with all obligations under
applicable Law to notify and/or consult with Employees or employee representatives, unions, works councils or other employee representative bodies, if any, in respect of the Contribution Agreement and the Transfer, and shall provide such information
to the other party as is reasonably required by that party to comply with its notification and/or consultation obligations. Any Liabilities resulting from the failure by one party to comply with such obligations shall be borne by such party. 

2.4 Non-U.S. Regulatory Compliance. JDSU shall have the authority to adjust the treatment described in this Agreement
with respect to Lumentum Group Employees who are located outside of the United States in order to ensure compliance with the applicable Laws or regulations of countries outside of the United States or to preserve the tax benefits provided under
local tax Law or regulation before the Distribution. 
 Article III 

ASSIGNMENT OF EMPLOYEES 

3.1 Employee Information. Upon the Transfer Date or earlier if required by mandatory consultation and notification
requirements under applicable Law, JDSU (or Viavi, if applicable) shall provide Lumentum with all information reasonably required by Lumentum that relates to all Employees who will be transferred to Lumentum or another member of the Lumentum Group
and become Lumentum Group Employees as of the Transfer Date, including but not limited to their names, locations, employing entities, titles, classifications (where applicable), hire dates (or dates of recognized seniority), and current base
salaries. 
 3.2 Cooperation in Employee Transfers. The parties shall take all actions necessary to ensure that all
JDSU Group Employees intended to be Lumentum Group Employees are or will be employed by Lumentum or another member of the Lumentum Group as of the Transfer Date, and that all JDSU Group Employees intended to be Viavi Group Employees are or will be
employed by Viavi or another member of the Viavi Group as of the Effective Time. 
 3.3 Employee Transfers. 

(a) Continuing Employees. Continuing Employees shall not be terminated upon the Effective Time, but rather the rights, powers, duties,
liabilities and obligations of JDSU or the relevant Subsidiary of JDSU to such Employees in respect of their relevant terms of employment in force immediately before the Effective Time shall remain with Lumentum or one (1) of its Subsidiaries
or Viavi or one (1) of its Subsidiaries as required by applicable Law or this Agreement. 

  
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 (b) Automatic Transfer Employees. Automatic Transfer Employees shall not be terminated
upon the Transfer Date, but rather the rights, powers, duties, liabilities and obligations of JDSU or the relevant Subsidiary of JDSU to such Employees in respect of their relevant terms of employment in force immediately before the Transfer Date
shall be transferred to Lumentum or one (1) of its Subsidiaries by operation of applicable Law. 
 (c) Non-Automatic Transfer
Employees. 
 (i) Effective on the Transfer Date, Non-Automatic Transfer Employees engaged in the Lumentum Business shall transfer
through termination or resignation and rehire, or through jointly agreed-upon transfer, as applicable in the relevant jurisdiction, to Lumentum or one (1) of its Subsidiaries. For such Non-Automatic Transfer Employees, Lumentum or its relevant
Subsidiary shall offer employment to each such Employee effective on the Transfer Date, with each such offer to provide the Employee with the same general work location and the same base salary as is in effect immediately prior to the Transfer Date
and otherwise on substantially the same terms and conditions of employment in the aggregate as was provided by JDSU or its relevant Subsidiary immediately prior to the Transfer Date. 

(ii) Effective on the Transfer Date, Non-Automatic Transfer Employees engaged in the JDSU Business but employed by a member of the Lumentum
Group shall transfer through termination or resignation and rehire, or through jointly agreed-upon transfer, as applicable in the relevant jurisdiction, to an entity that will become a member of the Viavi Group upon the Distribution. For
Non-Automatic Transfer Employees who are intended to become Viavi Group Employees, JDSU or its relevant Subsidiary shall offer employment to each such Employee effective on the Transfer Date specified earlier in this paragraph, with each such offer
to provide the Employee with the same general work location and the same base salary as is in effect immediately prior to such a date and otherwise on substantially the same terms and conditions of employment in the aggregate as was provided by JDSU
or its relevant Subsidiary immediately prior to the Transfer Date. 
 (d) Cooperation. Each of the parties agrees to execute, and to
seek to have the applicable Employees execute, such documentation, if any, as may be necessary to reflect the relevant continuation and/or transfers of employment described in this section. 

(e) Transfers of Employment Benefits. The parties agree that with respect to any transfers of employment, they will cooperate for the
transfer of benefits under principles consistent with this Agreement to the extent possible; provided, that where vendor or legal issues exist, neither party shall be liable for the failure to replicate in such circumstances. 

(f) At-Will Status. Nothing in this Agreement shall create any obligation on the part of any member of the JDSU Group, any member of
the Viavi Group, or any member of the Lumentum Group to (i) continue the employment of any Employee after the date of this Agreement (except as required by applicable Law or contracts) or (ii) change the “at will” employment
status of any U.S. Employee, to the extent that such Employee is an “at-will” employee under applicable Law and is not otherwise entitled to continued employment under any applicable contracts. 

(g) No Termination of Employment. In no event shall any administrative action taken by either party and/or their third party
record-keeper, payroll agent, and/or plan trustee or administrator, to effectuate the transfer of employment pursuant to this section, including the identification of JDSU Group Employees as “terminated” in JDSU’s electronic systems,
or the electronic systems of any third party record-keeper, payroll agent, and/or plan trustee or administrator, be deemed to be a termination of any JDSU Group Employee’s employment for any purpose unless otherwise required by applicable Law.
The parties acknowledge and agree that the continuation or transfer of the employment of Employees as contemplated by this section shall not entitle any JDSU Group Employees or Lumentum Group Employees to separation payments, benefits or rights of
any kind unless otherwise required by applicable Law. 
 (h) Not a Change of Control/Change in Control. The parties acknowledge and
agree that neither the consummation of the Transfer nor any transaction contemplated by this Agreement, the CONTRIBUTION AGREEMENT or any other Transaction Document shall be deemed to be a
“change of control,” “change in control,” or term of similar import for purposes of any Benefit Plan or Individual Agreement sponsored or maintained by any member of the JDSU Group. 

  
 10 

 3.4 Assignment of Individual Agreements. The existing employer of any
Automatic Transfer or Non-Automatic Transfer Employee shall assign to the new employer of such Employee all Individual Agreements to the extent permissible by applicable Law or the terms of such agreements. 

3.5 Treatment of Vacation. The accrued but unused vacation of Continuing Employees, Automatic Transfer Employees and
Non-Automatic Transfer Employees shall continue or carry over to the Employee’s new employing entity, to the extent permitted by applicable Law. 

3.6 Employee Transfer Or Termination Costs. To the extent the transfer of JDSU Group Employees pursuant to the terms of
this Agreement triggers any payout of notice, severance, termination indemnities or similar payments, such payments if triggered prior to the Distribution, will be retained, accepted and/or assumed by the JDSU Group. However, any such payments
associated with those JDSU Group Employees engaged in the Lumentum Business or otherwise anticipated by the parties to transfer to the Lumentum Group in connection with the Distribution shall be treated as a Corporate Contingent Liability as defined
in the CONTRIBUTION AGREEMENT and shall be subject to the treatment of Corporate Contingent Liabilities as set out in the CONTRIBUTION AGREEMENT.

 Article IV 

U.S. WELFARE PLANS AND 401(K) PLAN 

4.1 Lumentum Welfare Plans. 

(a) Establishment of Lumentum Welfare Plans. Effective as of the Distribution Date, Lumentum shall, or shall cause the applicable
member of the Lumentum Group to, establish the Lumentum Welfare Plans. 
 (b) Waiver of Conditions; Benefit Maximums. Lumentum shall
use commercially reasonable efforts to cause the Lumentum Welfare Plans to: 
 (i) with respect to initial enrollment and coverage of the
Lumentum Group Employees as of the Distribution Date, waive (i) all limitations as to preexisting conditions, exclusions, and service conditions with respect to participation and coverage requirements applicable to any such Lumentum Group
Employee, other than limitations that were in effect with respect to such Lumentum Group Employee under the applicable JDSU Welfare Plans as of immediately prior to the Distribution Date, and (ii) any waiting period limitation or evidence of
insurability requirement applicable to such Lumentum Group Employee other than limitations or requirements that were in effect with respect to such Lumentum Group Employee under the applicable JDSU Welfare Plans as of immediately prior to the
Distribution Date; and 
 (ii) for any Lumentum Group Employee, take into account, (i) with respect to monthly, annual, lifetime, or
similar maximum benefits available under the Lumentum Welfare Plans, such Employee’s prior claim experience under the JDSU Welfare Plan; and (ii) any eligible expenses incurred by such Employee and his or her covered dependents during the
portion of the plan year of the applicable JDSU Welfare Plan ending as of the Distribution Date, as applicable, under the applicable Lumentum Welfare Plan for purposes of satisfying all deductible, coinsurance, and maximum out-of-pocket requirements
applicable to such Employee and his or her covered dependents for the applicable plan year to the same extent as such expenses were taken into account by JDSU for similar purposes prior to the Distribution Date and as if such amounts had been paid
in accordance with such Lumentum Welfare Plan. 
 (c) Flexible Spending Accounts. With respect to each Lumentum Group Employee, the
parties shall use commercially reasonable efforts to ensure that as of the Distribution Date, as applicable, any health or dependent care flexible spending accounts of such Lumentum Group Employee (whether positive or negative) (the
“Transferred Account Balances”) under JDSU Welfare Plans that are health flexible spending account plans or dependent care flexible spending account plans are transferred, as soon as practicable after the Distribution Date,
as applicable, from the JDSU Welfare Plans to the corresponding Lumentum Welfare Plans. Such Lumentum Welfare 

  
 11 

 
Plans shall assume responsibility as of the Distribution Date, as applicable, for all outstanding health flexible spending claims or dependent care claims under the corresponding JDSU Welfare
Plans of each Lumentum Group Employee for the calendar year in which the Distribution Date, as applicable, occurs and shall assume and agree to perform the obligations of the corresponding health flexible spending account plans and dependent care
flexible spending account plans that are JDSU Welfare Plans from and after the Distribution Date, as applicable. With respect to each Automatic Transfer Employee and Non-Automatic Transfer Employee that become members of the Lumentum Group as of the
Distribution Date, all non-flexible spending claims and non-dependent care flexible spending claims shall be the responsibility of their employer at the time the claim was incurred. 

4.2 COBRA and HIPAA. JDSU shall continue to be responsible for complying with, and providing coverage pursuant to, the
health care continuation requirements of COBRA, the certificate of creditable coverage requirements of HIPAA, and the corresponding provisions of the JDSU Welfare Plans with respect to any JDSU Group Employee and Lumentum Group Employee who incur a
qualifying event under COBRA before the Distribution Date. Effective as of the Distribution Date with respect to any Lumentum Group Employee, Lumentum shall assume responsibility for complying with, and providing coverage pursuant to, the health
care continuation requirements of COBRA, the certificate of creditable coverage requirements of HIPAA, and the corresponding provisions of the Lumentum Welfare Plans with respect to any such Lumentum Group Employee who incur a qualifying event or
loss of coverage under the Lumentum Welfare Plans as of, or after the Distribution Date, as applicable. 
 4.3 Insurance
Contracts. To the extent that any JDSU Welfare Plan is funded through the purchase of an insurance contract or is subject to any stop loss contract, the parties will cooperate and use their commercially reasonable efforts to replicate such
insurance contracts for Lumentum (except to the extent that changes are required under applicable Laws or filings by the respective insurers) and to maintain any pricing discounts or other preferential terms for both JDSU and Lumentum for a
reasonable term. Neither party shall be liable for failure to obtain such insurance contracts, pricing discounts, or other preferential terms for the other party. Each party shall be responsible for any additional premiums, charges, or
administrative fees that such party may incur pursuant to this section. 
 4.4 Third-Party Vendors. Except as provided
below, to the extent that any JDSU Welfare Plan is administered by a third-party vendor, the parties will cooperate and use their commercially reasonable efforts to replicate any contract with such third-party vendor for Lumentum and to maintain any
pricing discounts or other preferential terms for both JDSU and Lumentum for a reasonable term. Neither party shall be liable for failure to obtain such pricing discounts or other preferential terms for the other party. Each party shall be
responsible for any additional premiums, charges, or administrative fees that such party may incur pursuant to this section. 

4.5 Fringe Benefits. Effective as of the Distribution Date, Lumentum shall adopt fringe benefit arrangements, if any, as
it deems to be appropriate. 
 4.6 Workers’ Compensation. The treatment of workers’ compensation in
connection with the Transfer shall be governed by the CONTRIBUTION AGREEMENT. 

4.7 Lumentum 401(k) Plan. 

(a) Establishment of Plan. Effective as of the Distribution Date, Lumentum shall establish the Lumentum 401(k) Plan and a related trust
(the “Lumentum 401(k) Trust”) which shall be intended to meet the Qualification Requirements (including under sections 401(k) and (m) of the Code). Prior to the transfer of Lumentum Group Employee’s assets in the
JDSU 401(k) Plan to the Lumentum 401(k) plan, Lumentum shall provide JDSU with (i) a copy of the Lumentum 401(k) Plan and Lumentum 401(k) Trust; and (ii) a copy of certified resolutions of the Lumentum Board (or its authorized committee or
other delegate) evidencing adoption of the Lumentum 401(k) Plan and Lumentum 401(k) Trust and the assumption by the Lumentum 401(k) Plan of the JDSU 401(k) Plan assets being transferred. 

(b) Transfer of Account Balances. Effective as soon as practicable following the Distribution Date (or such other times as mutually
agreed to by the parties), JDSU shall cause the trustee of the JDSU 401(k) Plan to transfer from the trust which forms a part of the JDSU 401(k) Plan (the “JDSU 401(k) Trust”) to the Lumentum 401(k) Trust, the account
balances of such persons under the JDSU 401(k) Plan, determined as of the 

  
 12 

 
date of the transfer. The parties shall work in concert to facilitate such transfers being made in kind, including promissory notes evidencing the transfer of outstanding loans. Any Asset
and Liability transfers pursuant to this section shall comply in all respects with Sections 414(l) and 411(d)(6) of the Code. The parties agree that to the extent that any assets are not transferred in kind, the assets transferred will be mapped
into an appropriate investment vehicle. 
 (c) Lumentum 401(k) Plan Provisions. The Lumentum 401(k) Plan shall provide that: 

(i) Lumentum Group Employees shall be eligible to participate in the Lumentum 401(k) Plan as soon as practicable following the Distribution
and the adoption of the Lumentum 401(k) Plan; 
 (ii) the account balance of each Lumentum Group Employee under the JDSU 401(k) Plan as of
the date of the transfer of Assets from the JDSU 401(k) Plan (including any outstanding promissory notes relating to outstanding loans) shall be credited to such individual’s account under the Lumentum 401(k) Plan; and 

(iii) the Lumentum 401(k) Plan shall assume and honor the terms of all QDRO’s in effect under the JDSU 401(k) Plan in respect of
Lumentum Group Employees as of immediately prior to the Distribution. 
 (d) Plan Fiduciaries. For all periods after the Distribution
Date, the parties agree that the applicable fiduciaries of each of the Viavi 401(k) Plan and the Lumentum 401(k) Plan, respectively, shall have the authority with respect to the Viavi 401(k) Plan and the Lumentum 401(k) Plan, respectively, to
determine the investment alternatives, the terms and conditions with respect to those investment alternatives and such other matters as are within the scope of their duties under ERISA and the terms of the applicable plan documents. 

(e) No Distributions. The JDSU 401(k) Plan shall be amended to prevent any Lumentum Group Employee from being entitled to a right to a
distribution of his or her benefit under the JDSU 401(k) Plan as a result of his or her transfer of employment from the JDSU Group to the Lumentum Group. 

4.8 Recognition of Service. The Lumentum Welfare Plans and 401(k) Plan shall, and Lumentum shall recognize each Lumentum
Group Employee’s service with JDSU at or before the Transfer Date, with respect to such Lumentum Plans adopted or maintained by Lumentum on or as of the Distribution Date or as otherwise required by applicable Law, to the same extent that such
service was recognized by JDSU for similar purposes prior to the Distribution Date. Such recognition of seniority shall include any seniority that JDSU or any of its Subsidiaries recognized from any previous employer(s) with respect to each Lumentum
Group Employee. The service crediting provisions shall be subject to any respectively applicable “service bridging,” “break in service,” “employment date” or “eligibility date” rules under the JDSU Welfare and
401(k) Plans or Lumentum Welfare and 401(k) Plans. Except as required by applicable Law, the Lumentum Welfare Plans and 401(k) Plan shall not recognize service with JDSU for periods on or after the Transfer Date. 

Article V 

NON-U.S. WELFARE PLANS AND 401(K) PLAN 

5.1 Establishment of Lumentum Non-U.S. Welfare Plans. Lumentum shall, or shall cause its relevant Subsidiary to,
establish one (1) or more Lumentum Non-U.S. Welfare Plans, provided that Lumentum may limit participation in such plans to those Lumentum Group Employees who participated in the corresponding JDSU Welfare Plans immediately prior to the
Transfer Date. 
 (a) Waiver of Conditions; Benefit Maximums. Lumentum shall use commercially reasonable efforts to cause the
Lumentum Non-U.S. Welfare Plans to: 
 (i) with respect to initial enrollment and coverage of the Lumentum Group Employees as of the
Distribution Date, waive (i) all limitations as to preexisting conditions, exclusions, and service conditions with respect to participation and coverage requirements applicable to any such Lumentum Group Employee, other than limitations that
were in effect with respect to such Lumentum Group Employee under the applicable JDSU Non-U.S. Welfare Plans as of immediately prior to the Distribution Date, and (ii) any waiting period limitation or evidence of insurability requirement
applicable to such Lumentum Group Employee other than limitations or requirements that were in effect with respect to such Lumentum Group Employee under the applicable JDSU Non-U.S. Welfare Plans as of immediately prior to the Distribution Date; and

  
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 (ii) for any Lumentum Group Employee, take into account, (i) with respect to monthly,
annual, lifetime, or similar maximum benefits available under the Lumentum Non-U.S. Welfare Plans, such Employee’s prior claim experience under the JDSU Non-U.S. Welfare Plan; and (ii) any eligible expenses incurred by such Employee and
his or her covered dependents during the portion of the plan year of the applicable JDSU Non-U.S. Welfare Plan ending as of the Distribution Date, as applicable, under the applicable Lumentum Non-U.S. Welfare Plan for purposes of satisfying all
deductible, coinsurance, and maximum out-of-pocket requirements applicable to such Employee and his or her covered dependents for the applicable plan year to the same extent as such expenses were taken into account by JDSU for similar purposes prior
to the Distribution Date and as if such amounts had been paid in accordance with such Lumentum Non-U.S. Welfare Plan. 
 5.2
Establishment of Lumentum Non-U.S. Retirement Plans. Lumentum shall, or shall cause its relevant Subsidiary to, establish one (1) or more Non-U.S. Retirement Plans, provided that Lumentum may limit participation in such plans
to those Lumentum Group Employees who participated in the corresponding JDSU Non-U.S. Retirement Plans immediately prior to the Transfer Date. 

(a) Transfer of Non-U.S. Retirement Plan Assets and Liabilities. After a Lumentum Non-U.S. Retirement Plan is established in accordance
with this Section 5.02, then, with respect to each of the countries or entities listed in SCHEDULE C, except as otherwise provided in this Agreement, the Assets and Liabilities determined as of
the Transfer Date under the corresponding JDSU Non-U.S. Retirement Plan attributable to Lumentum Group Employees and Former Lumentum Group Employees who are participants in that plan, along with any other Assets and Liabilities that Lumentum agrees
to assume with respect to such plan, shall be transferred to the applicable Lumentum Non-U.S. Retirement Plan. Each JDSU Non-U.S. Retirement Plan shall retain all Assets and Liabilities related to JDSU Group Employees, and Former JDSU Group
Employees. Assets will be allocated between the plans based on the proportion of Liabilities borne by each plan. Such Liabilities will be valued as of the Transfer Date using the projected benefit obligation based on the provisions of the applicable
JDSU Non-U.S. Retirement Plan as in effect on the Transfer Date and applying demographic and other assumptions used in the most recently completed valuation of the applicable JDSU Non-U.S. Retirement Plan. The parties agree to use commercially
reasonable efforts to accomplish each transfer as soon as practicable following the Transfer Date and to cooperate with each other to make such filings and disclosures and obtain such approvals as may be deemed to be necessary or advisable in
accordance with applicable Law. 
 (b) Lumentum Non-U.S. Retirement Plan Provisions. Each Lumentum Non-U.S. Retirement Plan shall
provide, except as otherwise provided in this Agreement and the CONTRIBUTION AGREEMENT, that: 

(i) Lumentum Group Employees and Former Lumentum Group Employees shall (A) be eligible to participate in such Lumentum Non-U.S.
Retirement Plan to the extent that they were eligible to participate in the corresponding JDSU Non-U.S. Retirement Plan as of the Transfer Date, and (B) receive credit for vesting, eligibility and benefit service for all service credited for
those purposes under the corresponding JDSU Non-U.S. Retirement Plan as if that service had been rendered to the Lumentum Group; 
 (ii)
the compensation paid by the JDSU Group to a Lumentum Group Employee or a Former Lumentum Group Employee that is recognized under the applicable JDSU Non-U.S. Retirement Plan shall be credited and recognized for all applicable purposes under the
corresponding Lumentum Non-U.S. Retirement Plan as though it were compensation from the Lumentum Group; and 
 (iii) the accrued benefit of
each Lumentum Group Employee or Former Lumentum Group Employee under the applicable JDSU Non-U.S. Retirement Plan that is transferred to the corresponding Lumentum Non-U.S. Retirement Plan pursuant to Section 5.02(a) shall be paid under
such Lumentum Non-U.S. Retirement Plan in accordance with the terms of such Lumentum Non-U.S. Retirement Plan and applicable Law, with employment by the JDSU Group treated as employment by the Lumentum Group under the Lumentum Non-U.S. Retirement
Plan for purposes of determining eligibility for optional forms of benefit, early retirement benefits, or other benefit forms. 
 (c)
JDSU Non-U.S. Retirement Plans. On and after the Transfer Date, no Lumentum Group Employees shall participate in or accrue any benefits under the JDSU Non-U.S. Retirement Plans. JDSU, or Viavi, shall continue to be responsible for Liabilities
in respect of Viavi Group Employees under the Viavi Non-U.S. Retirement Plans. 

  
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 Article VI 

NONQUALIFIED DEFERRED COMPENSATION 

6.1 Deferred Compensation Plan. 

(a) Establishment of Lumentum Deferred Compensation Plan. Effective on or as soon as practicable following the Transfer Date, Lumentum
shall establish the Lumentum Deferred Compensation Plan. Upon such establishment, Lumentum shall, and shall cause the Lumentum Deferred Compensation Plan to, assume all Liabilities under the JDSU Deferred Compensation Plan for the account balances
and accrued benefits of Lumentum Group Employees, and JDSU and the JDSU Deferred Compensation Plan shall be relieved of all such Liabilities. 

(b) JDSU Deferred Compensation Plan. From and after the establishment of the Lumentum Deferred Compensation Plan, no Lumentum Group
Employee shall participate in or accrue any benefits under the JDSU Deferred Compensation Plan. JDSU or Viavi shall continue to be responsible for Liabilities in respect of Viavi Group Employees under the Viavi Deferred Compensation Plan. 

6.2 Rabbi Trust. Effective on or as soon as practicable following the Transfer Date, Lumentum shall, or shall cause
another member of the Lumentum Group to, adopt the Lumentum Rabbi Trust. In connection with the establishment by Lumentum of the Lumentum Deferred Compensation Plan and the assumption by Lumentum and the Lumentum Deferred Compensation Plan of the
Liabilities under the JDSU Deferred Compensation Plan in respect of the Lumentum Group Employees, on or as soon as practicable following the Transfer Date, JDSU shall, or shall cause the JDSU Rabbi Trust to, transfer in kind to the Lumentum Rabbi
Trust the account balances of Lumentum Group Employees covered by the Lumentum Deferred Compensation Plan. 
 6.3 Participant
Elections. Any election made by a Lumentum Group Employee under the JDSU Deferred Compensation Plan, including without limitation those with respect to compensation deferral, investments, optional forms of benefit, benefit commencement and
beneficiaries, shall be recognized for the same purposes under the Lumentum Deferred Compensation Plan. No new elections shall be permitted under the Lumentum Deferred Compensation Plan as a result of the Transfer. 

6.4 Participation; Distributions. The parties acknowledge that none of the transactions contemplated by this Agreement,
the CONTRIBUTION AGREEMENT or any Transaction Document will trigger a payment or distribution of compensation under the JDSU Deferred Compensation Plan or the Lumentum Deferred Compensation Plan.

 6.5 Top Hat Filing. To the extent applicable, with respect to the Lumentum Deferred Compensation Plan, Lumentum
shall make the filing described under Dept. of Labor Reg. § 2520.104-23 within the time prescribed by such regulation. 

Article VII 

VARIABLE COMPENSATION PLANS 

7.1 JDSU Variable Compensation Plans. 

(a) Generally. Lumentum Group Employees covered by the JDSU Variable Compensation Plans shall continue to be eligible to participate in
such plans until immediately prior to the Distribution Date. JDSU shall promptly determine the amount of the awards earned by and payable to such persons under the JDSU Variable Compensation Plans. Payment of the awards shall be made by members of
the Lumentum Group pursuant to and consistent with the terms of the applicable JDSU Variable Compensation Plans, and members of the JDSU Group shall reimburse such members of the Lumentum Group for the amount paid, such reimbursement to be made no
more than twenty (20) business days following Lumentum’s notification of the amount of the awards paid to such persons. Regardless of the method by which such awards are paid to Lumentum Group Employees and notwithstanding anything
contrary in this Agreement, the JDSU Group shall retain and agree faithfully to perform, discharge and fulfill any and all Liabilities with respect to, in relation to, or for claims made by any Lumentum Group Employees with respect to awards earned
and payable under the JDSU Variable Compensation Plans. 
 (b) Payment of Earned Awards. The parties agree that Lumentum Group
Employees who have earned any amount of awards under the applicable JDSU Variable Compensation Plans prior to the Distribution Date shall be entitled to receive payment of such awards notwithstanding any requirement in the applicable JDSU Variable
Compensation Plans that the Employee remains employed by JDSU on the date of the payment. 

  
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 7.2 Lumentum Variable Compensation Plans. Prior to or promptly after the
Transfer Date, Lumentum shall use commercially reasonable efforts to establish Lumentum Variable Compensation Plans. The Lumentum Group shall be solely responsible for establishing performance metrics, funding, paying, and discharging all
obligations relating to any variable compensation awards under the Lumentum Variable Compensation Plans, and no member of the JDSU Group or Viavi Group shall have any rights or obligations with respect thereto. 

Article VIII 

EQUITY BASED COMPENSATION 

8.1 General Principles. 

(a) Generally. Each JDSU Equity Award that is outstanding as of immediately prior to the Effective Time shall be adjusted as described
below; provided, however, that the JDSU Compensation Committee may provide for different adjustments with respect to some or all JDSU Equity Awards to the extent that the JDSU Compensation Committee deems such adjustments to be
necessary and appropriate. Any adjustments made by the JDSU Compensation Committee pursuant to the foregoing sentence shall be deemed to have been incorporated by reference herein as if fully set forth below and shall be binding on the parties and
their respective Affiliates. 
 (b) Continuation of JDSU Equity Plans as Viavi Equity Plans. At the Effective Time, Viavi will take
all action necessary to assume or continue the JDSU Equity Plan and the JDSU ESPP as the Viavi Equity Plan and the Viavi ESPP, respectively. 

(c) Establishment of the Holdings Equity Plan. Prior to the Effective Time, Holdings shall adopt the Holdings Equity Plan under which
the Holdings Equity Awards shall be assumed or substituted in conversion of the corresponding JDSU Equity Awards held by Lumentum Group Employees. To the extent necessary for any such Holdings Equity Awards to qualify for transitional relief under
Treasury Regulation Section 1.162-27(f)(4)(iii), the JDSU Compensation Committee shall take the necessary action to approve the Holdings Equity Plan and the Holdings Equity Awards. 

(d) Equity Awards Subject to Applicable Equity Plan and Award Agreement. From and after the Effective Time, all JDSU Equity Awards
adjusted or converted pursuant to this Article VIII shall be subject to the terms and conditions set forth in the applicable Viavi Equity Plan or Holdings Equity Plan and corresponding award agreements. Without limiting the generality of the
foregoing, from and after the Effective Time, all references to the applicable company in award agreements subject to a Viavi Equity Plan or to the Holdings Equity Plan, as applicable, including but not limited to, “Corporate Transaction,”
“Change in Control” or similar terms and other administrative provisions requiring interpretation shall refer to the appropriate company to reflect the Transfer (e.g., the definition of “Corporate Transaction” under an award
agreement subject to the Holdings Equity Plan shall mean a Corporate Transaction with respect to Holdings rather than Viavi). Except as otherwise provided by this Article VIII, each adjusted Viavi Equity Award or converted Holdings Equity Award
shall be subject to the same terms after the Effective Time as were applicable to the corresponding JDSU Equity award immediately prior to the Effective Time. 

(e) Service Credit. Following the Effective Time, a grantee who has outstanding equity-based awards under one (1) or more of the
Viavi Equity Plans and/or converted equity-based awards under the Holdings Equity Plan shall be considered to have been employed by the applicable plan sponsor before and after the Effective Time for purposes of (i) vesting and
(ii) determining the date of termination of employment as it applies to any such award. The assignment or transfer of employment of any JDSU Group Employee to a member of the Lumentum Group or to another member of the JDSU Group, or the
continuation of employment of any JDSU Group Employee by a member of the Viavi Group will not be deemed a termination of or separation from employment for purposes of any JDSU, Holdings or Viavi Equity Plan. 

(f) Application to Members of JDSU Board. Each JDSU Equity Award held immediately prior to the Effective Time by a member of the JDSU
Board who will continue as a member of the Viavi Board or who will continue as a member of the Holdings Board at the Effective Time shall be adjusted or converted pursuant to this Article VIII in the same manner as a similar award held by a Viavi
Group Employee or a Lumentum Group Employee, as applicable. 

  
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 (g) Cooperation of the Parties. JDSU (and as applicable, Viavi) and Holdings shall take
any and all reasonable actions as shall be necessary and appropriate to further the provisions of this Article VIII, including, without limitation, assisting one another following the Distribution Date with administrative or other support necessary
to comply with applicable Laws in applicable non-U.S. jurisdictions and to the extent practicable, providing written notice or similar communication to each Employee or director who holds one (1) or more JDSU Equity Awards informing such
Employee or director, as applicable, of (i) the actions contemplated by this Article VIII with respect to such awards and (ii) whether (and during what time period) any “blackout” period shall be imposed upon holders of such
awards during which time awards may not be exercised or settled, as the case may be. 
 (h) Compliance with Applicable Law. No award
described in this Article VIII, whether outstanding or to be issued, adjusted, substituted or cancelled by reason of or in connection with the Distribution, shall be adjusted, settled, cancelled, or exercisable, until in the judgment of the
administrator of the applicable plan or program such action is consistent with all applicable Laws, including federal securities Laws. With respect to each outstanding stock option, the period during which such option is exercisable and the ultimate
expiration date of the option will not be extended. The adjustment or conversion of JDSU Equity Awards shall be effected in a manner that is intended to avoid the imposition of any accelerated, additional, penalty or other taxes on the holders
thereof pursuant to Section 409A of the Code. 
 8.2 Stock Options. Each JDSU Option that is outstanding
immediately prior to the Effective Time shall be converted as of the Effective Time into either a Viavi Option or a Holdings Option as follows: 

(a) JDSU Options Held by Viavi Group Employees. At the Effective Time, each outstanding JDSU Option held by a Viavi Group Employee
shall be converted into an option for Viavi Shares, outstanding under the Viavi Equity Plan, and shall be adjusted as follows (a “Viavi Option”): 

(i) the number of Viavi Shares (rounded down to the nearest whole share) subject to the Viavi Option will equal (A) the number of JDSU
Shares subject to such JDSU Option immediately before the Effective Time multiplied by (B) the Viavi Ratio; and 
 (ii) the per-share
exercise price (rounded up to the nearest whole cent) of the Viavi Option will equal (A) the per-share exercise price of such JDSU Option immediately before the Effective Time divided by (B) the Viavi Ratio. 

(b) JDSU Options Held by Lumentum Group Employees. At the Effective Time, each outstanding JDSU Option held by a Lumentum Group
Employee shall be converted into an option for Holdings Shares under the Holdings Equity Plan, adjusted as follows (a “Holdings Option”): 

(i) the number of Holdings Shares (rounded down to the nearest whole share) subject to the Holdings Option will equal (A) the number of
JDSU Shares subject to such JDSU Option immediately before the Effective Time multiplied by (ii) the Holdings Ratio; and 
 (ii) the
per-share exercise price (rounded up to the nearest whole cent) of the Holdings Option will equal (i) the per-share exercise price of such JDSU Option immediately before the Effective Time divided by (ii) the Holdings Ratio. 

(c) Adjustment of Market Price Condition. For purposes of determining the satisfaction of any market price condition applicable to any
Viavi Option or Holdings Option that is to be determined over any period of trading days following the Distribution Date, the applicable market price for any applicable trading day shall be computed as the sum of (i) the closing price of a
Viavi Share and (ii) the product of the closing price of a Holdings Share and the ratio of the number of shares of Holdings Common Stock distributed in the Distribution for every one (1) share of JDSU Common Stock. 

8.3 Restricted Stock Units. Each JDSU RSU Award that is outstanding immediately prior to the Effective Time shall be
converted as of the Effective Time into either a Viavi RSU Award or a Holdings RSU Award as follows: 

  
 17 

 (a) JDSU RSU Awards Held by Viavi Group Employees. At the Effective Time, each outstanding
JDSU RSU Award held by a Viavi Group Employee shall be converted into a restricted stock unit award with respect to Viavi Shares, outstanding under the Viavi Equity Plan, and shall be adjusted as follows (a “Viavi RSU
Award”). The number of Viavi Shares (rounded down to the nearest whole share) subject to the Viavi RSU Award will equal (i) the number of JDSU Shares subject to such JDSU RSU Award immediately before the Effective Time multiplied
by (ii) the Viavi Ratio. 
 (b) JDSU RSU Awards Held by Lumentum Group Employees. At the Effective Time, each outstanding JDSU
RSU Award held by a Lumentum Group Employee shall be converted into restricted stock unit award with respect to Holdings Shares under the Holdings Equity Plan, adjusted as follows (a “Holdings RSU Award”). The number of
Holdings Shares (rounded down to the nearest whole share) subject to the Holdings RSU Award will equal (i) the number of JDSU Shares subject to such JDSU RSU Award immediately before the Effective Time multiplied by (ii) the Holdings
Ratio. 
 8.4 Performance Unit Awards. Each JDSU MSU Award that is outstanding immediately prior to the Effective Time
shall be converted as of the Effective Time into either a Viavi MSU Award or a Holdings MSU Award as follows: 
 (a) JDSU MSU Awards Held
by Viavi Group Employees. At the Effective Time, each outstanding JDSU MSU Award held by a Viavi Group Employee shall be converted into a performance unit award with respect to Viavi Shares, outstanding under the Viavi Equity Plan, and shall be
adjusted as follows (a “Viavi MSU Award”): 
 (i) the target number of Viavi Shares (rounded down to the nearest
whole share) subject to the Viavi MSU Award will equal (A) the target number of JDSU Shares subject to such JDSU MSU Award immediately before the Effective Time multiplied by (B) the Viavi Ratio; and 

(ii) the vesting and performance goals of each Viavi MSU Award shall be adjusted as determined by the Viavi Board. 

(b) JDSU MSU Awards Held by Lumentum Group Employees. At the Effective Time, each outstanding JDSU MSU Award held by a Lumentum Group
Employee shall be converted into a performance unit award with respect to Holdings Shares, outstanding under the Holdings Equity Plan, and shall be adjusted as follows (a “Holdings MSU Award”): 

(i) the target number of Holdings Shares (rounded down to the nearest whole share) subject to the Holdings MSU Award will equal (A) the
target number of JDSU Shares subject to such JDSU MSU Award immediately before the Effective Time multiplied by (B) the Holdings Ratio. 

(ii) the vesting and performance goals of each Holdings MSU Award shall be adjusted as determined by the Holdings Board. 

8.5 Employee Stock Purchase Plans. 

(a) JDSU ESPP. The administrator of the JDSU ESPP shall take all actions necessary and appropriate to provide that: 

(i) eligible JDSU Group Employees and eligible Lumentum Group Employees may participate in any offering and purchase periods ending prior to
the Distribution Date; 
 (ii) Lumentum Group Employees will not be eligible to participate in any offering or purchase period under the
Viavi ESPP commencing on or after the Distribution Date; and 
 (iii) the JDSU ESPP shall continue in effect as the Viavi ESPP following
the Effective Time. 
 (b) Establishment of Holdings ESPP. Prior to the Effective Time, Holdings shall adopt the Holdings ESPP. The
administrator of the Holdings ESPP, in its sole discretion, shall determine the jurisdictions offered and the timing of the offering periods under the Holdings ESPP. The Holdings ESPP will include authority to grant options which do not meet the
requirements of Section 423(b) of the Code (as well as options which meet such requirements). 

  
 18 

 8.6 Section 16(b) of the Exchange Act. By approving the adoption of
this Agreement, the respective Board of Directors of each of JDSU, Viavi and Holdings intend to exempt from the short-swing profit recovery provisions of Section 16(b) of the Exchange Act, by reason of the application of Rule 16b-3 thereunder,
all acquisitions and dispositions of equity securities by directors and officers of each of JDSU, Viavi and Holdings contemplated by this Agreement, and the respective Boards of Directors of JDSU, Viavi and Holdings also intend expressly to approve,
in respect of any equity-based award, the use of any method for the payment of an exercise price and the satisfaction of any applicable tax withholding (specifically including the actual or constructive tendering of shares in payment of an exercise
price and the withholding of shares from delivery pursuant to any equity-based award in satisfaction of applicable tax withholding requirements) to the extent such method is permitted under the applicable JDSU Equity Plan, Viavi Equity Plan or
Holdings Equity Plan and any award agreement. 
 8.7 Liability for Grant, Modification or Settlement of Equity Awards.

 (a) Viavi shall be responsible for all liabilities associated with JDSU Equity Awards converted into Viavi Equity Awards, including all
obligations related to the grant, exercise or settlement of such Viavi Equity Awards. 
 (b) Holdings shall be responsible for all
liabilities associated with JDSU Equity Awards converted into Holdings Equity Awards, including all obligations related to the grant, exercise or settlement of such Holdings Equity Awards. 

8.8 Registration and Other Regulatory Requirements. Holdings agrees to prepare and file Form S-8 (or another appropriate
form) registration statement with respect to, and to cause to be registered pursuant to the Securities Act, Holdings Shares authorized for issuance under the Holdings Equity Plan and Holdings ESPP, as required pursuant to the Securities Act, before
the date of issuance of any Holdings Shares pursuant to the Holdings Equity Plan or commencement of any offering period under the Holdings ESPP. The parties shall take such additional actions as are deemed necessary or advisable to effectuate the
foregoing provisions of this section, including compliance with securities Laws and other legal requirements associated with equity awards in applicable non-U.S. jurisdictions or associated with the grant of equity awards or modification or
adjustment of equity awards in connection with the Transfer including assisting one another with administrative or other support following the Transfer Date. 

8.9 Tax Reporting and Withholding. Unless prohibited by applicable Law, following the Effective Time (a) the
Lumentum Group shall be solely responsible for all income, payroll and other tax remittance and reporting related to income recognized by holders of Holdings Equity Awards in respect of their Holdings Equity Awards; and (b) Viavi shall be
solely responsible for all income, payroll and other tax remittance and reporting related to income recognized by holders of Viavi Equity Awards in respect of their Viavi Equity Awards. JDSU (and Viavi, if applicable), Lumentum and Holdings agree to
enter into any necessary agreements regarding the subject matter of this section to enable JDSU, Lumentum, Holdings and Viavi to fulfill their respective obligations hereunder, including but not limited to compliance with all applicable Laws
regarding the reporting, withholding or remitting of income and/or taxes. 
 Article IX 

MISCELLANEOUS 

9.1 Information Sharing and Access. 

(a) Sharing of Information. Subject to any limitations imposed by applicable Law, JDSU (and Viavi, if applicable) (acting directly or
through members of the JDSU Group (or the Viavi Group, if applicable)) or, Holdings and Lumentum (acting directly or through members of the Lumentum Group) shall provide to the others and their respective authorized agents and vendors all
information necessary (including information for purposes of determining benefit eligibility, participation, vesting and calculation of benefits) on a timely basis under the circumstances for the parties to perform their respective duties under this
Agreement. To the extent that such information is maintained by a third party vendor, each party shall use its commercially reasonable best efforts to require the third party vendor to provide the necessary information and assist in resolving
discrepancies or obtaining missing data. 

  
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 (b) Transfer of Personnel Records and Authorization. Subject to any limitation imposed by
applicable Law and to the extent that it has not done so before the Transfer Date, JDSU shall transfer to Lumentum any and all employment records (including any Form I-9, Form W-2 or other IRS forms) with respect to Lumentum Group Employees and
other records reasonably required by Lumentum and Holdings to enable Lumentum and Holdings to properly carry out their obligations under this Agreement. Such transfer of records generally shall occur as soon as administratively practicable at or
after the Transfer Date. Each party will permit the other parties reasonable access to Employee records, to the extent reasonably necessary for such accessing party to carry out its obligations hereunder. 

(c) Access to Records. To the extent not inconsistent with this Agreement, the CONTRIBUTION
AGREEMENT or any applicable privacy protection Laws, reasonable access to Employee-related and Benefit Plan related records after the Distribution Date will be provided to members of the Viavi Group and members of
the Lumentum Group. 
 (d) Maintenance of Records. With respect to retaining, destroying, transferring, sharing, copying and
permitting access to all Employee-related information, JDSU, Holdings, Lumentum and Viavi shall comply with all applicable Laws and internal policies, including each party’s document retention policy; provided that the period for
retention shall be the longest period required by any of the foregoing, as applicable, to such party. Each party shall indemnify and hold harmless the other parties from and against any and all Liabilities that arise from a failure (by the
indemnifying party or its Subsidiaries or their respective agents) to so comply with all applicable Laws and internal policies applicable to such information. 

(e) Cooperation. Each party shall use commercially reasonable best efforts to cooperate and work together to unify, consolidate and
share (to the extent permissible under applicable privacy/data protection Laws) all relevant documents, resolutions, government filings, data, payroll, employment and benefit plan information on regular timetables and cooperate as needed with
respect to (i) any claims under or audit of or litigation with respect to any Employee Benefit Plan, policy or arrangement contemplated by this Agreement, (ii) efforts to seek a determination letter, private letter ruling or advisory
opinion from the IRS or U.S. Department of Labor on behalf of any Employee Benefit Plan, policy or arrangement contemplated by this Agreement, (iii) any filings that are required to be made or supplemented to the IRS, U.S. Pension Benefit
Guaranty Corporation, U.S. Department of Labor or any other Governmental Authority, and (iv) any audits by a Governmental Authority or corrective actions, in either case, relating to any Benefit Plan, labor or payroll practices;
provided, however, that requests for cooperation must be reasonable and not interfere with daily business operations. 
 (f)
Confidentiality. Notwithstanding anything in this Agreement to the contrary, all confidential records and data relating to Employees to be shared or transferred pursuant to this Agreement shall be subject to the CONTRIBUTION
AGREEMENT and the requirements of applicable Law. 
 9.2 Consistency of Tax Positions;
Duplication. JDSU (and Viavi, if applicable), Holdings and Lumentum shall individually and collectively use commercially reasonable efforts to avoid unnecessarily duplicated federal, state or local payroll taxes, insurance or workers’
compensation contributions, or unemployment contributions arising on or after the Transfer Date. JDSU (and Viavi, if applicable), Holdings and Lumentum shall take consistent reporting and withholding positions with respect to any such taxes or
contributions. 
 9.3 Costs. Fees, costs and expenses relating to the establishment of Lumentum Benefit Plans and the
transfer of employment of Lumentum Group Employees shall be borne by JDSU with respect to separation costs incurred or accrued prior to the Transfer Date. Fees, costs and expenses incurred or accrued with respect to third party service providers
relating to the establishment of Lumentum Benefit Plans on or after the Transfer Date relating to such plans and employment transfers of Lumentum Group Employees shall be borne by Lumentum or Holdings. 

9.4 Preservation of Rights to Amend. The rights of each member of the JDSU Group, each member of the Lumentum Group, and
each member of the Viavi Group to amend, waive, or terminate any Benefit Plan, arrangement, agreement, program, or policy referred to herein shall not be limited in any way by this Agreement. 

  
 20 

 9.5 Fiduciary Matters. JDSU (and Viavi, if applicable), Holdings and
Lumentum acknowledge that actions required to be taken pursuant to this Agreement may be subject to fiduciary duties or standards of conduct under ERISA or other applicable Law, and no party shall be deemed to be in violation of this Agreement if it
fails to comply with any provisions hereof based upon its good-faith determination (as supported by advice from counsel experienced in such matters) that to do so would violate such a fiduciary duty or standard. Each party shall be responsible for
taking such actions as are deemed to be necessary and appropriate to comply with its own fiduciary responsibilities and shall fully release and indemnify the other parties for any Liabilities caused by the failure to satisfy any such responsibility.

 9.6 Section 409A of the Code. The parties acknowledge that the provisions of the Agreement and the
CONTRIBUTION AGREEMENT shall be interpreted and implemented in a manner to avoid the imposition on Employees of taxes under Section 409A of the Code. If any of the provisions of this Agreement
would result in imposition of taxes and/or penalties under Section 409A of the Code, the parties shall cooperate in good faith to modify the applicable provision in order to comply with the provisions of Section 409A of the Code, other
applicable provisions of the Code and/or any rules, regulations or other regulatory guidance issued under such statutory provisions. Notwithstanding the foregoing, no party nor any of its Subsidiaries or Affiliates shall have any Liability to any
Employee in the event that Section 409A applies to any payment in a manner that results in adverse tax consequences for an Employee. 

9.7 Further Assurances. Each party hereto shall take, or cause to be taken, any and all reasonable actions, including the
execution, acknowledgment, filing and delivery of any and all documents and instruments that any other parties hereto may reasonably request to effect the intent and purpose of this Agreement and the transactions contemplated hereby. 

9.8 Dispute Resolution. The dispute resolution procedures set forth in Article VI of the CONTRIBUTION
AGREEMENT shall apply to any dispute, controversy or claim arising out of or relating to this Agreement. 

9.9 Governing Law; Submission to Jurisdiction; Waiver of Trial. 

(a) This Agreement shall be governed by and construed and interpreted in accordance with the Laws of the State of Delaware without giving
effect to the principles of conflicts of law thereof. 
 (b) Each of the parties, on behalf of themselves and the members of their
respective Group, hereby irrevocably (i) agrees that any dispute shall be subject to the exclusive jurisdiction of the state and federal courts located in the State of Delaware, (ii) waives any claims of forum non conveniens, and agrees to
submit to the jurisdiction of such courts and (iii) agrees that service of any process, summons, notice or document by U.S. registered mail to its respective address set forth in Section 9.13 shall be effective service of process
for any litigation brought against it in any such court or for the taking of any other acts as may be necessary or appropriate in order to effectuate any judgment of said courts. 

9.10 Survival of Covenants. Except as expressly set forth in this Agreement or any other Transaction Document, the
covenants and other agreements contained in this Agreement and each other Transaction Document, and Liability for the breach of any obligations contained herein or therein, shall survive the execution of this Agreement. 

9.11 Waivers of Default. A waiver by a party of any default by another party of any provision of this Agreement shall not
be deemed a waiver by the waiving party of any subsequent or other default, nor shall it prejudice the rights of the waiving party. No failure or delay by a party in exercising any right, power or privilege under this Agreement shall operate as a
waiver thereof, nor shall a single or partial exercise thereof prejudice any other or further exercise thereof or the exercise of any other right, power or privilege. No waiver by any party of any provision of this Agreement shall be effective
unless explicitly set forth in writing and executed by the party so waiving. 
 9.12 Force Majeure. No party (or any
Person acting on its behalf) shall have any Liability or responsibility for failure to fulfill any obligation (other than a payment obligation) under this Agreement or, unless otherwise expressly provided therein, any other Transaction Document, so
long as and to the extent to which the fulfillment of such obligation is prevented, frustrated, hindered or delayed as a consequence of circumstances of 

  
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Force Majeure. A party claiming the benefit of this provision shall, as soon as reasonably practicable after the occurrence of any such event, (a) notify the other parties of the nature and
extent of any such Force Majeure condition and (b) use due diligence to remove any such causes and resume performance under this Agreement or the applicable other Transaction Document as soon as feasible. 

9.13 Notices. All notices, requests, claims, demands or other communications under this Agreement shall be in writing and
shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service, by facsimile with receipt confirmed followed by delivery of an original via overnight courier
service, or by registered or certified mail (postage prepaid, return receipt requested) to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this
section): 
 If to JDSU, to: 

JDS Uniphase Corporation 

430 North McCarthy Blvd 

Milpitas, California, USA 

95035 

Attention: General Counsel 

Email: [•] 

With a copy (until the Effective Time) to: 

DLA Piper LLP (US) 

2000 University Avenue 

East Palo Alto, California 94303-2215 

Attention: Ed Batts 

Facsimile: [•] 

Email: [•] 

If to Lumentum, to: 

Lumentum Inc. 

400 North McCarthy Blvd 

Milpitas, California USA 

95035 

Attention: General Counsel 

Email: [•] 

With a copy (until the Effective Time) to: 

DLA Piper LLP (US) 

2000 University Avenue 

East Palo Alto, California 94303-2215 

Attention: Ed Batts 

Facsimile: [•] 

Email: [•] 

If to Holdings, to: 

Lumentum Holdings Inc. 

400 North McCarthy Blvd 

Milpitas, California USA 

95035 

Attention: General Counsel 

Email: [•] 

  
 22 

 With a copy (until the Effective Time) to: 

DLA Piper LLP (US) 

2000 University Avenue 

East Palo Alto, California 94303-2215 

Attention: Ed Batts 

Facsimile: [•] 

Email: [•] 

Any party may, by notice to the other parties, change the address to which such notices are to be given. 

9.14 Termination. Notwithstanding any provision to the contrary, this Agreement may be terminated and the Distribution
abandoned at any time prior to the Effective Time by and in the sole discretion of JDSU without the prior approval of any Person, including Holdings or Lumentum. In the event of such termination, this Agreement shall become void and no party, or any
of its officers and directors shall have any Liability to any Person by reason of this Agreement. After the Effective Time, this Agreement may not be terminated except by an agreement in writing signed by each of the parties to this Agreement. 

9.15 Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced
under any Law or as a matter of public policy, all other conditions and provisions of this Agreement shall remain in full force and effect. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced,
the parties to this Agreement shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated by this
Agreement be consummated as originally contemplated to the greatest extent possible. 
 9.16 Entire Agreement. Except
as otherwise expressly provided in this Agreement, this Agreement (including any Schedules and Exhibits hereto) constitutes the entire agreement of the parties hereto with respect to the subject matter of this Agreement and supersedes all prior
agreements and undertakings, both written and oral, between or on behalf of the parties hereto with respect to the subject matter of this Agreement. 

9.17 Assignment; No Third-Party Beneficiaries. This Agreement shall not be assigned by any party without the prior
written consent of the other parties hereto, except that a party may assign any or all of its rights and obligations under this Agreement in connection with a sale or disposition of any assets or entities or lines of business of such party or in
connection with a merger transaction in which such party is not the surviving entity; provided, however, that, in each case, no such assignment shall release such party from any Liability or obligation under this Agreement and the
surviving entity of any merger or the transferee of such assets or businesses shall agree in writing to be bound by the terms of this Agreement as if named as a party hereto. The provisions of this Agreement are solely for the benefit of the parties
and are not intended to confer upon any other Person except the parties any rights or remedies hereunder. There are no other third party beneficiaries of this Agreement and this Agreement shall not provide any other third party with any remedy,
claim, Liability, reimbursement, claim of action or other right in excess of those existing without reference to this Agreement. Nothing in this Agreement is intended to amend any Employee Benefit Plan or affect the applicable plan sponsor’s
right to amend or terminate any Employee Benefit Plan pursuant to the terms of such plan. No current or former Employee, officer, director, or independent contractor or any other individual associated therewith shall be regarded for any purpose as a
third party beneficiary of this Agreement. 
 9.18 Specific Performance. Subject to Article VI of the
CONTRIBUTION AGREEMENT, in the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement, the party or parties who are, or are to be,
thereby aggrieved shall have the right to specific performance and injunctive or other equitable relief (on an interim or permanent basis) in respect of its rights or their rights under this Agreement, in addition to any and all other rights and
remedies at Law or in equity, and all such rights and remedies shall be cumulative. The parties agree that the remedies at Law for any breach or threatened breach, including monetary damages, may be inadequate compensation for any loss and that any
defense in any Action for specific performance that a remedy at Law would be adequate is waived. Any requirements for the securing or posting of any bond with such remedy are hereby waived by each of the parties. 

  
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 9.19 Amendments. No provision of this Agreement may be amended or modified
except by a written instrument signed by all the parties to this Agreement. 
 9.20 Rules of Construction.
Interpretation of this Agreement shall be governed by the following rules of construction: (i) words in the singular shall be held to include the plural and vice versa and words of one gender shall be held to include the other gender as the
context requires, (ii) references to the terms Article, Section, paragraph, clause, Exhibit and Schedule are references to the Articles, Sections, paragraphs, clauses, Exhibits and Schedules of this Agreement unless otherwise specified,
(iii) the terms “hereof,” “herein,” “hereby,” “hereto,” and derivative or similar words refer to this entire Agreement, including the Schedules and Exhibits hereto, (iv) references to “$”
shall mean U.S. dollars, (v) the word “including” and words of similar import when used in this Agreement shall mean “including without limitation,” unless otherwise specified, (vi) the word “or” shall not be
exclusive, (vii) references to “written” or “in writing” include in electronic form, (viii) unless the context requires otherwise, references to “party” shall mean JDSU, Holdings or Lumentum, as appropriate,
and references to “parties” shall mean JDSU, Holdings and Lumentum, (ix) provisions shall apply, when appropriate, to successive events and transactions, (x) the table of contents and headings contained in this Agreement are for
reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement, (xi) JDSU, Holdings and Lumentum have each participated in the negotiation and drafting of this Agreement and if an ambiguity or question
of interpretation should arise, this Agreement shall be construed as if drafted jointly by the parties hereto and no presumption or burden of proof shall arise favoring or burdening either party by virtue of the authorship of any of the provisions
in this Agreement or any interim drafts of this Agreement, and (xii) a reference to any Person includes such Person’s successors and permitted assigns. 

9.21 Counterparts. This Agreement may be executed in one (1) or more counterparts, and by the different parties to
each such agreement in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one (1) and the same agreement. Delivery of an executed counterpart of a signature page
to this Agreement by facsimile or portable document format (PDF) shall be as effective as delivery of a manually executed counterpart of any such Agreement. 

[Remainder of page intentionally left blank] 

  
 24 

 IN WITNESS WHEREOF, the parties have caused this EMPLOYEE
MATTERS AGREEMENT to be executed by their duly authorized representatives. 
  

	
	JDS UNIPHASE CORPORATION
	
	   

	By:
	Its:

  

	
	LUMENTUM OPERATIONS LLC
	
	   

	By:
	Its:

  

	
	LUMENTUM HOLDINGS INC.
	
	   

	By:
	Its:

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