Document:

EX-10.1

 Exhibit 10.1 

RETIREMENT, SEVERANCE AND RELEASE OF ALL CLAIMS AGREEMENT 

This Retirement, Severance And Release of All Claims Agreement (“Agreement”) is made by and between Oclaro, Inc. (“the Company”) and Alain
Couder (“Employee”) based on the following facts: 
 a. Employee retired and resigned as an employee with the Company, and all of
its parents, subsidiaries, and affiliates, effective June 6, 2013 (“Retirement Date”) and, concurrently with the execution of this Agreement, hereby resigns as a director of the Company. 

b. Employee’s retirement constitutes a “separation from service” within the meaning of Section 409A of the Internal Revenue
Code of 1986, as amended (the “Code”). 
 c. The Company has offered, and Employee has accepted, the benefits set forth below in
Section 3 in exchange for a general release of all claims as contemplated in the Second Amendment to the Employment Agreement dated July 26, 2012 between the Company and Employee (“Second Amended Employment Agreement”). This
Agreement is therefore entered into by the Company and Employee to document the parties’ agreement regarding the terms of Employee’s separation from the Company. 

WHEREFORE, the Company and Employee agree as follows: 

1. Employee has received all wages, bonuses, commissions, accrued vacation, compensation of any kind (other than as specifically set forth in
Section 3 below) and benefits to which Employee is entitled as a result of Employee’s employment with the Company. 
 2. Employee
agrees to promptly return all Company property remaining in Employee’s possession, including but not limited to credit cards, hardware, software, data, keys and documents (“Company Property”). Employee also agrees to promptly return
any subsequently discovered Company Property, and agrees to comply with Employee’s continuing obligations under the applicable proprietary information and inventions agreement between Employee and the Company (“Proprietary Information
Agreement”) and similar obligations imposed by state and federal law. 
 3. In consideration for the promises and representations of
Employee as described in this Agreement, and in accordance with Section 6.4 of the Second Amended Employment Agreement (which sets forth the timing of payments to which Employee is entitled in accordance with Section 409A of the Code):

 (a) The Company will pay Employee the gross sum of $1,851,619.30 (equal to twice Employee’s annual base salary as of the Retirement
Date and twice the amount as determined by (x) adding all bonuses earned by Employee for the three most recent full fiscal years prior to the fiscal year in which the Retirement Date occurred and (y) dividing the sum of such bonuses by 3),
less federal and state withholdings (“Retirement Pay”). The Company will provide Employee with the Retirement Pay as follows: (i) a gross payment of $17,500 shall be payable in a lump-sum payment on the Company’s first payroll
date that is at least 28 days following the Retirement Date; provided the Agreement has become effective as set forth in Section 6(d) below, and (ii) the remaining gross amount of $1,834,119.30 shall be paid in six equal payments over a
period of six months beginning on December 7, 2013. Employee acknowledges that Employee’s receipt of the Retirement Pay is conditioned on Employee’s execution of this Agreement. 

 (b) If Employee qualifies for and timely completes all documentation necessary to continue health
insurance coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), the Company will pay the applicable COBRA premium (which initially shall be $2157.35 per month) for Employee for up to 18 months after the
Retirement Date (which period may be extended to 24 months after the Retirement Date if Employee qualifies for and continues COBRA coverage through such 24 month period), which premium payments shall be treated as taxable compensation to the extent
necessary to preclude violation of Section 105(h) of the Code and applicable guidance promulgated thereunder (“COBRA Premium”). Notwithstanding the foregoing, if the Company determines at any time that it cannot pay the COBRA Premium
on behalf of Employee without violating applicable law (including, without limitation, Section 2716 of the Public Health Services Act), the COBRA Premium benefits shall cease and Employee will thereafter receive a monthly taxable payment in the
amount of the applicable COBRA Premium payment in effect as of the date that the Company ceased to pay Employee’s COBRA Premiums, with the monthly payments to end in the 24th month following the month in which the Retirement Date occurs (and,
for the avoidance of doubt, such taxable monthly payments will continue even if Employee ceases COBRA coverage prior to the end of his COBRA eligibility period). If Employee’s COBRA Premium payments cease after 18 months due to Employee’s
exhausting his eligibility for COBRA coverage then in each of the 19th through 24 months following the month in which the Retirement Date occurs Employee will receive a taxable payment in the amount of the Employee’s applicable COBRA Premium
payment as in effect for the 18th month of Employee’s COBRA coverage. In lieu of continued life insurance coverage as described in Section 6.2.3 of the Second Amended Employment Agreement, Employee will receive a gross amount equal to
$2,080.80, which amount shall be paid in installments as follows: (i) in each month from December 2013 through May 2014, Employee shall receive a payment equal to $173.40, less applicable tax withholdings, provided that the first payment shall
be made no earlier than December 7, 2013, and (ii) in each month from June 2014 through May 2015, Employee shall receive a payment equal to $86.70 less applicable tax withholdings. 

(c) All stock options, restricted stock grants and other equity awards granted to Employee prior to the Retirement Date, and as to which
(i) vesting was based solely on continued employment or (ii) vesting was based on both the achievement of performance targets and continued employment and the award currently remains subject solely to continued employment to vest, and in
each case that have not vested as of the Retirement Date, shall immediately vest as of the Retirement Date (“Continued Employment Vested Equity”). Stock options that vest in accordance with the foregoing sentence will remain exercisable
for the greater of (i) the time period set forth in the applicable award agreement(s) or (ii) one year following the Retirement Date, but in no event shall any of Employee’s options remain exercisable beyond the option’s
termination date. Any equity awards that vest in accordance with this clause (c) (other than stock options) that are subject to Section 409A of the Code will be settled ratably over the six month period during which Employee receives cash
severance benefits as set forth in Section 3(a), and any equity awards that vest in accordance with this clause (c) (other than stock options) that are exempt from Section 409A of the Code will be settled as soon as practicable
following the Retirement Date. Employee acknowledges that Employee’s receipt of the accelerated vesting of continued employment awards as contemplated in this clause (c) as provided herein is conditioned on Employee’s execution of
this Agreement. 

  
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 (d) All stock options, restricted stock grants and other equity awards granted to Employee prior
to the Retirement Date shall be forfeited and shall terminate as of the Retirement Date. 
 Any outstanding equity awards granted to Employee
by the Company that do not vest as provided in clause (c) above shall terminate as of the Retirement Date without payment of any consideration with respect to such awards and Employee shall have no further rights with respect to those awards.

 For purposes of this Section 3, to the extent that any in-kind benefit or reimbursement to be paid or provided to Employee
constitutes a “deferral of compensation” within the meaning of Section 409A of the Code, (i) the amount of expenses eligible for reimbursement or the provision of any in-kind benefit (within the meaning of Section 409A of
the Code) to Employee during any calendar year will not affect the amount of expenses eligible for reimbursement or provided as in-kind benefits to Employee in any other calendar year, (ii) any reimbursements for expenses that Employee incurs
will be made on or before the last day of the calendar year following the calendar year in which the applicable expense is incurred, (iii) Employee will not be entitled to any in-kind benefits or reimbursement for any expenses incurred
subsequent to the end of calendar year 2015 and (iv) the right to any such reimbursement or in-kind benefit may not be liquidated or exchanged for any other benefit. To the extent applicable, the terms in this Section 3 are intended to
comply with Section 409A of the Code and any ambiguities shall be construed in a manner consistent with this intent Each installment payment described in this Section 3 shall be treated as a separate payment and not as components of a
single payment for purposes of Section 409A of the Code. 

  
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 4. Except for the rights and obligations expressly set forth herein, Employee, for Employee and
for each of Employee’s past and present agents, assigns, transferees, heirs, spouses, relatives, executors, attorneys, administrators, employees, predecessors, affiliates, successors, insurers, and representatives (“Releasors”),
hereby releases and discharges the Company and its respective past and present agents, assigns, transferees, attorneys, administrators, officers, directors, stockholders, employees, predecessors, subsidiaries, parents, affiliates, successors,
insurers, and representatives (“Releasees”) from any and all claims and causes of action, known or unknown, which Releasors now have or may have against any of the Releasees arising through the date of this Agreement, including but not
limited to claims arising out of or relating to the Employment Agreement between the Company and Employee dated July 10, 2007 (“Employment Agreement”), the amended and restated Employment Agreement dated August 2, 2010, the
Second Amended Employment Agreement, and/or Employee’s employment or the severance of Employee’s employment from the Company. This release is intended to be interpreted broadly and is intended to include, without limitation, all common law
claims (including but not limited to: breach of contract, breach of the covenant of good faith and fair dealing, breach of fiduciary duty, wrongful discharge in violation of public policy, infliction of emotional distress, negligence, invasion of
privacy, interference with contractual relationship, defamation and fraud), as well as any statutory claims (including but not limited to claims arising under: the Age Discrimination in Employment Act (“ADEA”) as amended, 29 U.S.C. §
621 et seq.; Title VII of the Civil Rights Act of 1964, as amended by the Civil Rights Act of 1991, 42 U.S.C. § 2000 et seq.; the Civil Rights Act of 1866, 42 U.S.C. § 1981; the Family and Medical Leave Act of 1993, 29 U.S.C.
§ 2601 et seq.; the Americans with Disabilities Act of 1990, 42 U.S.C. § 12101 et seq.; the False Claims Act, 31 U.S.C. § 3729 et seq.; the Fair Labor Standards Act, 29 U.S.C. § 215 et seq., the Worker
Adjustment and Retraining Notification Act, 29 U.S.C. § 2102 et seq., as well as claims under any laws of the state of California, or any other claim whatsoever arising out of Employee’s employment or the termination of
Employee’s employment, other than those that cannot be released as a matter of law. This release shall not be interpreted to require Employee to waive or release Employee’s right to file a charge with the Equal Employment Opportunity
Commission (“EEOC”) or the National Labor Relations Board (“NLRB”), however, Employee does waive and release Employee’s right to any monetary recovery or other personal relief should the EEOC, NLRB, or any other agency
pursue claims on Employee’s behalf. This release also does not apply to any lawsuit brought to challenge the validity of this Agreement under the ADEA, to enforce the terms of this Agreement, or for claims that arise under the ADEA after the
Effective Date. Employee and the Company expressly acknowledge and agree that neither the Company nor Employee would enter into this Agreement but for the representation and warranty that Employee is hereby releasing any and all claims of any nature
whatsoever, known or unknown, whether statutory or at common law, which Employee now has or could assert directly or indirectly against any of the Releasees (other than as expressly set forth herein). 

5. Employee waives all the benefits and rights granted by California Civil Code section 1542, and any other applicable similar state laws,
which provides: 
 A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at
the time executing the release, which, if known by him or her must have materially affected his or her settlement with the debtor. 
 6.
This Agreement is intended to release and discharge any claims of Employee under the Age Discrimination and Employment Act. To satisfy the requirements of the Older Workers’ Benefit Protection Act, 29 U.S.C. section 626(f), the parties agree as
follows: 
 a. Employee acknowledges that Employee has read and understands the terms of this Agreement. 

b. Employee acknowledges that Employee has been advised to consult with an attorney, if desired, concerning this Agreement and has received all
advice Employee deems necessary concerning this Agreement. 

  
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 c. Employee acknowledges that Employee has been given twenty-one days from receipt of this
Agreement to consider whether or not to enter into this Agreement (“Execution Deadline”), has taken as much of this time as necessary to consider whether to enter into this Agreement, and has chosen to enter into this Agreement freely,
knowingly and voluntarily. 
 d. For a seven day period following the execution of this Agreement by Employee, Employee may revoke this
Agreement by delivering a written revocation to the Company’s Chairperson of the Board. This Agreement shall not become effective and enforceable until the revocation period has expired (the “Effective Date”). If Employee does not
sign this Agreement and provide the Company’s Chairperson of the Board with an executed copy of the Agreement on or before the Execution Deadline or revokes the Agreement before the Effective Date, Employee shall not receive the Retirement Pay,
Health Insurance Premium, Life Insurance Premium, accelerated vesting of the Continued Employment Vested Equity or Performance Vested Equity, or any other consideration Employee would not otherwise be entitled to in the absence of this Agreement.

 7. Employee acknowledges and agrees that Employee has no pending lawsuit, administrative charge or complaint against the Company or any of
the other Releasees, in any court or with any governmental agency. Further, if lawfully subpoenaed by a court of this jurisdiction, Employee agrees to provide the Company written notice of such a subpoena within five (5) days of receipt. A
“covenant not to sue” is a legal term that means Employee promises not to file a lawsuit in court. It is different from the general release contained in Section 4, above. By this Section 7, Employee agrees never to sue the
Company, its owners, shareholders, directors, officers, employees and agents, or become party to a lawsuit, on the basis of any claim of any type covered by Section 4. 

8. Employee agrees that Employee will not disparage, defame or otherwise detrimentally comment upon the Releasees or investors in the Company,
including their business practices or products, in any manner. Employee acknowledges that such comment shall cause serious damage to the Company. 

9. Employee shall not, for a period of one year following the Effective Date, directly or indirectly solicit, induce, recruit, or encourage any
officer, director, or employee of the Company to terminate his, her or its relationship with the Company or interfere with the Company’s relationship with those individuals in any way. 

10. Employee represents and warrants that Employee has not heretofore assigned, transferred or purported to assign or transfer to any other
person or entity any rights, claims or causes of action herein released and discharged, and no other person or entity has any interest in the matters herein released and discharged. Furthermore, Employee shall indemnify and hold the Company and all
persons or entities released herein harmless from and against any rights, claims or causes of action which have been assigned or transferred contrary to the foregoing representations, or in violation of the foregoing warranties, and shall hold such
persons or entities harmless from any and all loss, expense and/or liability arising directly or indirectly out of the breach of any of the foregoing representations or warranties. 

  
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 11. This Agreement is a compromise of the parties rights under various agreements, and both
parties have entered into it for the purpose of resolving all claims between them and avoiding litigation. 
 12. Employee agrees and
promises that the existence, terms and conditions of this Agreement, including but not limited to the fact and amount of payment, (collectively the “Confidential Matters”) shall not be described or discussed or caused to be described or
discussed in any manner, either written or oral, directly or indirectly, with any person, organization, company or entity, other than Employee’s spouse, attorneys, and/or tax advisors, without the prior written consent of the Company. 

13. This Agreement may be pled as a full and complete defense and may be used as the basis for an injunction against any action, suit, or
proceeding that may be prosecuted, instituted, or attempted by Employee or the Company in breach thereof. 
 14. This Agreement shall be
construed in accordance with, and be deemed governed by, the laws of the State of California, and the Company and Employee agree that the proper forum and venue for any action brought arising out of or relating in any way to this Agreement shall be
in San Jose, California. 
 15. Employee agrees that this Agreement has been negotiated by the parties, and that no provision contained
herein shall be interpreted against any party because that party drafted the provision. 
 16. This Agreement, the applicable equity plans
and agreements, and the Proprietary Information Agreement contain the entire agreement between the parties on the subjects addressed in this Agreement and replace any other prior agreements between the parties on these subjects. This Agreement may
only be modified in a written document signed by the Company’s Chairman of the Board. 
 17. Employee and the Company represent and
warrant that they are not relying, and have not relied, on any representations or statements, verbal or written, made by any other with regard to the facts involved in this controversy or with regard to their rights or asserted rights arising out of
alleged claims or the execution and terms of this Agreement, except as provided herein. Employee and the Company have consulted with an attorney regarding the terms of this Agreement and have entered into this Agreement freely, willingly and without
any coercion or duress. 
 18. The Company and Employee shall execute any and all further documents that may be required to effectuate the
purposes of this Agreement. 
 19. This Agreement shall be binding upon and shall inure to the benefit of the Company and Employee and to
their respective representatives, successors, heirs, agents and assigns. 
 20. In any action for breach of this Agreement, the parties shall
bear their own attorneys’ fees and costs. 

  
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 21. This Agreement may be executed in counterparts, and if so executed each such counterpart
shall have the force and effect of an original. Photocopies of such signed counterparts may be used in lieu of the originals for any purpose. 

22. In the event any provision of this Agreement shall be found unenforceable by a court of competent jurisdiction, such provision shall be
deemed modified to the extent necessary to allow enforceability of the provision as so limited, it being intended that the parties shall receive the benefits contemplated herein to the fullest extent permitted by law. If a deemed modification is not
satisfactory in the judgment of such court, the unenforceable provision shall be deemed deleted, replaced with a reasonable and enforceable provision, and the validity and enforceability of the remaining provisions shall not be affected thereby.

 23. No breach of any provision of this Agreement can be waived unless in writing. Waiver of any one breach shall not be deemed to be a
waiver of any other breach of the same or any other provision of this Agreement. 
 Each individual signing this Agreement directly and
expressly warrants that he/she has been given and has received and accepted authority to sign and execute the documents on behalf of the party for whom it is indicated he/she has signed, and further has been expressly given and received and accepted
authority to enter into a binding agreement on behalf of such party with respect to the matters concerned herein and as stated herein. 

  
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 WE, THE UNDERSIGNED, HAVE READ THE FOREGOING AND, HAVING BEEN ADVISED BY COUNSEL, FULLY
UNDERSTAND AND AGREE TO ITS TERMS, 
  

							
	Dated: 7/12, 2013	 		 		 	/s/ Alain Couder
		 		 		 	Alain Couder
				
		 		 		 	Oclaro, Inc.
				
	Dated: July 7, 2013	 		 		 	/s/ Marissa Peterson
		 		 		 	Marissa Peterson
		 		 		 	Chairperson of the Board of Directors

  
 -8-EX-10.2

 Exhibit 10.2 

WAIVER AND AMENDMENT NUMBER THREE TO 

SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

This Waiver and Amendment Number Three to Second Amended and Restated Credit Agreement (“Amendment”) is entered into as of
August 21, 2013, by and among WELLS FARGO CAPITAL FINANCE, LLC, a Delaware limited liability company (as successor-by-merger to Wells Fargo Capital Finance, Inc.), as administrative agent (the “Agent”) for the lenders
(the “Lenders”) party to the Credit Agreement (as defined below), and the Lenders, on the one hand, and OCLARO, INC., a Delaware corporation (“Parent”), OCLARO TECHNOLOGY LIMITED, a company
incorporated under the laws of England and Wales (“Borrower”), and the Grantors (defined below) identified on the signature pages hereto, on the other hand, with reference to the following facts: 

A. Agent, Lenders, Parent and Borrower have previously entered into that certain Second Amended and Restated Credit Agreement, dated as of
November 2, 2012 (as amended, supplemented, amended and restated, or otherwise modified, the “Credit Agreement”). 
 B.
Certain grantors (“Grantors”) and Agent have previously entered into that certain Amended and Restated Security Agreement (Domestic), dated as of November 2, 2012 (as amended, supplemented, amended and restated, or otherwise
modified, the “Domestic Security Agreement”) and that certain Amended and Restated Security Agreement (Foreign), dated as of November 2, 2012 (as amended, supplemented, amended and restated, or otherwise modified, the
“Foreign Security Agreement”, and together with the Domestic Security Agreement, the “Security Agreements”). 

C. Grantors have previously entered into that certain Amended and Restated General Continuing Guaranty (Domestic) dated as of November 2,
2012 (as amended, supplemented, amended and restated, or otherwise modified, the “Domestic Guaranty”) and that certain Amended and Restated Security Agreement (Foreign), dated as of November 2, 2012 (as amended, supplemented,
amended and restated, or otherwise modified, the “Foreign Guaranty”, and together with the Domestic Guaranty, the “Guaranties”). 

D. The “Existing Default” (as defined below) has occurred and is continuing. 

E. Borrower has requested that Agent and Lenders waive the Existing Default and amend certain provisions of the Credit Agreement. 

F. Agent and Lenders are willing to agree to waive the Existing Default on the terms and conditions specified herein. 

G. Borrower, Parent, Grantors, Agent, and Lenders desire to amend the Credit Agreement as provided for and on the conditions herein. 

NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, Borrower, Parent, Grantors,
Agent and Lenders agree as follows: 
 1. DEFINITIONS.  

(a) Interpretation. All initially capitalized terms used in this Amendment shall have the meanings given to them in the Credit Agreement
unless specifically defined herein. 
 (b) Additional Definitions. As used herein, the following terms will have the respective
meanings given to them below: 
 (i) “Existing Default” means an Event of Default under Section 8.2(a) of the Credit
Agreement as a result of Borrower’s failure to consummate one or more Strategic Transactions by the Milestone Date resulting in Net Proceeds of at least $100,000,000 as required by Section 5.20(a) of the Credit Agreement. 

 2. ACKNOWLEDGMENTS AND AGREEMENTS.  

(a) Acknowledgment of Obligations. Borrower hereby acknowledges, confirms and agrees that as of the close of business on August 19,
2013, (i) Borrower is indebted to Agent and Lenders in respect of the Advances in the principal amount of $0, (ii) Borrower is indebted to Agent and Lenders in respect of the Term Loan in the aggregate principal amount of $25,077,778.78,
and (iii) Borrower is indebted to Lender in respect of the Letter of Credit Usage in the principal amount of $30,000. Borrower hereby acknowledges, confirms and agrees that all such loans, together with interest accrued and accruing thereon,
and all fees, costs, expenses and other charges now or hereafter payable by Borrower to Agent and Lenders, pursuant to the Loan Documents are unconditionally owing by Borrower to Agent and Lenders, without offset, defense or counterclaim of any
kind, nature or description whatsoever. 
 (b) Acknowledgment of Security Interests. Each Grantor hereby acknowledges, confirms and
agrees that Agent has and will continue to have valid, enforceable and perfected first-priority liens upon and security interests in the Collateral heretofore granted to Agent pursuant to the Credit Agreement and the Loan Documents or otherwise
granted to or held by Agent, in all cases subject to Permitted Liens. 
 (c) Application of Collections. 

(i) Notwithstanding anything to the contrary in the Credit Agreement and the other Loan Documents, all amounts deposited in any Controlled
Account (as defined in the Domestic Security Agreement and Foreign Security Agreement) will be forwarded by daily sweep from the applicable Controlled Account to the Agent’s Account on or after the date hereof (other than constituting proceeds
of any Strategic Transactions) and shall be applied in accordance with Section 2.4(b)(ii) of the Credit Agreement; provided, however, all amounts forwarded by daily sweep that would otherwise be applied pursuant to Section 2.4(b)(ii)(M)
– (N) of the Credit Agreement shall be retained by Agent in Agent’s Account as cash collateral to secure the Obligations; provided, further, that so long as no Event of Default exists, any amounts retained by Agent shall be applied to
any Obligations outstanding as provided in Section 2.4(b)(ii)(A) – (L) of the Credit Agreement; provided, further, that if an Event of Default exists, Agent may (and at the direction of the Supermajority Lenders, shall) apply such
cash collateral to the Obligations in accordance with the terms of the Credit Agreement. 
 (ii) Notwithstanding anything to the contrary in
the Credit Agreement and the other Loan Documents, solely with respect to a Strategic Transaction pursuant to clause (b) of such definition, the amounts applied to the Advances and to cash collateralize Letters of Credit pursuant to clause
(c)(i) above shall be counted toward the $20,000,000 limitation set forth in Section 2.4(b)(i)(B)(1) of the Credit Agreement (as in effect after giving effect to this Amendment) dollar for dollar until such $20,000,000 limitation is reached as
if such amounts had been applied pursuant to Section 2.4(b)(i)(B)(1) of the Credit Agreement (as in effect after giving effect to this Amendment). 

(d) LIBOR Rate Loans. Notwithstanding anything to the contrary in the Credit Agreement and the other Loan Documents, Borrower
acknowledges and agrees that Borrower may not, at any time on or after the date hereof, exercise the LIBOR Option described in Sections 2.12(a) and (b) of the Credit Agreement for any Advances. All LIBOR Rate Loans that are outstanding on the
date hereof will be converted to Base Rate Loans. 
 (e) Reserves. Without limiting any of the provisions of Section 2.1(c) of
the Credit Agreement, Borrower hereby acknowledges and agrees that Agent shall have the right (but not the obligation) to establish reserves from time to time against the Borrowing Base or the Maximum Revolver Amount in such amounts as Agent in its
Permitted Discretion shall deem necessary and appropriate with respect to any potential claims with priority over Agent’s floating charge over the Deposit Account (including funds therein) in the United Kingdom, including, without limitation
reserves relating to the “prescribed part” or “ring-fenced pot”. 

  
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 (f) Binding Effect of Documents. Each Loan Party hereby acknowledges, confirms and agrees
that: (i) this Amendment constitutes a Loan Document, (ii) each of the Credit Agreement and the Loan Documents to which it is a party has been duly executed and delivered to Agent by such Loan Party, and each is and will remain in full
force and effect as of the date hereof except as modified pursuant hereto, (iii) the agreements and obligations of Loan Parties contained in such documents and in this Amendment constitute the legal, valid and binding Obligations of Loan
Parties, enforceable against it in accordance with their respective terms, and no Loan Party has any knowledge of any valid defense to the enforcement of such Obligations, and (iv) Agent is and will be entitled to the rights, remedies and
benefits provided for under the Credit Agreement and the Loan Documents and applicable law. 
 3. WAIVER IN RESPECT OF EXISTING DEFAULT.  

(a) Acknowledgment of Default. Borrower hereby acknowledges and agrees that the Existing Default has occurred and is continuing,
constitutes an Event of Default and entitles Agent to exercise its rights and remedies under the Credit Agreement and the Loan Documents, applicable law or otherwise. Borrower represents and warrants that as of the date hereof, no Events of Default
exist other than the Existing Default. Borrower hereby acknowledges and agrees that Agent has the exercisable right to declare the Obligations to be immediately due and payable under the terms of the Credit Agreement and the Loan Documents. Borrower
acknowledges that neither Agent, Issuing Lender or any Lender has any obligation to make any Advance or issue any Letters of Credit. 
 (b)
Waiver. In reliance upon the representations, warranties and covenants of Borrower contained in this Amendment, and subject to the terms and conditions of this Amendment and any documents or instruments executed in connection herewith, Agent
and Lenders hereby waive the Existing Default. 
 (c) No Other Waivers; Reservation of Rights. 

(i) Agent has not waived, is not by this Amendment waiving, and has no intention of waiving, any Events of Default (other than the Existing
Default) which may be continuing on the date hereof or any Events of Default which may occur after the date hereof (whether the same or similar to the Existing Default or otherwise), and Agent has not agreed to forbear with respect to any of its
rights or remedies concerning any Events of Default occurring at any time. 
 (ii) Subject to Section 3(b) above (solely with respect to
the Existing Default), Agent reserves the right, in its discretion, to exercise any or all of its rights and remedies under the Credit Agreement and the Loan Documents as a result of any Events of Default occurring at any time. Agent has not waived
any of such rights or remedies, and nothing in this Amendment, and no delay on its part in exercising any such rights or remedies, will be construed as a waiver of any such rights or remedies. 

(d) Additional Events of Default. The parties hereto acknowledge, confirm and agree that any misrepresentation by any Loan Party in any
material respect, or any failure of any Loan Party to comply with the covenants, conditions and agreements contained in this Amendment will constitute an immediate Event of Default under the Credit Agreement and the Loan Documents. 

(e) Waiver Fee. In consideration for the agreements of Agent and the Lenders set forth in Section 3(b) above, Borrower shall pay to
Agent, for the ratable benefit of the Lenders in accordance with their respective Pro Rata Shares (calculated in accordance with clause (d) of such definition), a waiver fee of $650,000, which waiver fee shall be deemed fully earned when
required to be paid and nonrefundable when paid (the “Waiver Fee”). 

  
 3 

 4. AMENDMENTS TO THE CREDIT AGREEMENT.  

(a) Section 2.4(b)(i)(A) of the Credit Agreement is hereby amended and restated as follows: 

“(A) with respect to any Strategic Transaction pursuant to clause (a) of the definition thereof: 

 

	 	(1)	first, such Net Proceeds shall be applied in the order set forth in Sections 2.4(b)(ii)(A) through (L); provided that the aggregate amount of Net Proceeds applied pursuant to this
Section 2.4(b)(i)(A)(1), when taken together with any amounts applied to the Obligations pursuant to Section 2.4(b)(i)(B)(1) from all Strategic Transactions may not exceed $20,000,000; 

 

	 	(2)	second, any remaining Net Proceeds shall be applied to the outstanding amount of the Obligations owed to Term Loan Lenders to be applied in the order set forth in Sections 2.4(b)(ii)(M) and
(N) until paid in full; and 

  

	 	(3)	third, any remaining proceeds shall be applied to all other Obligations as set forth in Section 2.4(b)(ii).” 

(b) Section 2.4(b)(i)(B)(1) of the Credit Agreement is hereby amended by replacing the reference to “Section 2.4(b)(A)(2)” with
“Section 2.4 (b)(i)(A)(1)”. 
 (c) Section 4 of the Credit Agreement is hereby amended by adding the following Sections 4.35
and 4.36 to the end thereof: 
 “4.35 UK Solvency. (This Section 4.35 shall be governed by and construed in
accordance with the laws of England and Wales). 
 (a) No Insolvency Proceeding has been commenced against Borrower (other than frivolous or
vexatious Insolvency Proceedings which have been discharged, stayed or dismissed within 14 days of commencement). 
 (b) After giving effect
to the Third Amendment, Borrower (i) is able (and has not admitted any inability) to pay its debts as they fall due (within the meaning of section 123 of the Insolvency Act 1986 (UK)); (ii) is not and has not been deemed or declared to be
unable to pay its debts under applicable law; (iii) has not suspended or threatened to suspend making payments on any of its debts; or (iv) has not by reason of actual or anticipated financial difficulties, commenced negotiations with one
or more of its creditors with a view to rescheduling any of its Indebtedness. 
 (c) The value of the assets of the Borrower are greater than
its liabilities (taking into account contingent and prospective liabilities). 
 4.36 Purpose. All amounts borrowed under this
Agreement have been and will continue to be used by Borrower only for purposes which are consistent with the duties of Borrower’s directors under all applicable laws including, without limitation, the Companies Act 2006 (UK) and English
law.” 

  
 4 

 (d) Section 5.20 of the Credit Agreement is hereby amended and restated as follows: 

“5.20 Strategic Transactions. Borrower shall (a) have consummated one or more Strategic Transactions pursuant to clause
(b) of the definition thereof resulting in Net Proceeds of at least $100,000,000 with at least $80,000,000 of such Net Proceeds being applied in accordance with Section 2.4(b) on or prior to the Milestone Date, (b) notify Agent
of any consummated Strategic Transaction at least 2 days prior to the closing of such Strategic Transaction, (c) cause the Net Proceeds of any Strategic Transaction to be paid directly to a Controlled Account of Borrower subject to daily sweeps
for application in accordance with Section 2.4(b)(i), and (d) cause its investment banking advisors to provide Agent with weekly telephonic or email updates regarding the status of any potential or actual Strategic Transaction.” 

(e) Effective upon the consummation of one or more Strategic Transactions pursuant to clause (b) of the definition thereof and receipt by
Agent of Net Proceeds of at least $80,000,000 resulting therefrom, to be applied in accordance with Section 2.4(b) of the Credit Agreement, Section 5.21 of the Credit Agreement shall be deleted in its entirety. 

(f) Section 7 of the Credit Agreement is hereby amended by adding the following Section 7.2 at the end thereof: 

“7.2 Minimum Liquidity. Not permit Liquidity to be less than $45,000,000 at any time.” 

(g) Subsections (c) and (d) of the defined term “Permitted Intercompany Advance” in Section 1.1 of the Credit
Agreement are hereby amended and restated as follows: 
 “(c) made by any of Parent’s Subsidiaries that is a Loan Party to any of
Parent’s other Subsidiaries that is not a Loan Party in the form of operational funding consistent with current business practices and consistent with the level and nature of the operations and revenue generating activities implicit in the
financial models provided by Parent (as reviewed and approved by the Lenders) and reviewed by Consultant pursuant to Section 5.21, so long as no Default or Event of Default has occurred and is continuing or would result therefrom; 

(d) [intentionally omitted];” 

(h) The defined term “Milestone Date” in Section 1.1 of the Credit Agreement is hereby amended and restated as follows: 

“Milestone Date” means September 2, 2013. 

(i) The defined term “Strategic Transaction” in Section 1.1 of the Credit Agreement is hereby amended and restated as follows:

 “Strategic Transaction” means (a) a disposition in one or more transactions of non-core assets of Parent and its
Subsidiaries which are unrelated to Parent’s or its Subsidiaries’ Industrial and Consumer Business that is conducted principally at locations in Zurich, Switzerland and Komoro, Japan, so long as the aggregate sale price of all such
dispositions (including any deferred purchase price payment) pursuant to this clause (a) at no time exceeds $10,000,000 and such transaction has been approved by Supermajority Lenders, (b) a disposition (whether directly or through a sale
of interests in one or more entities) of all or a portion of Parent’s and its Subsidiaries’ Industrial and Consumer Business consisting of the business conducted at its locations in Zurich, Switzerland and related assets located there and
elsewhere (which related assets may include the 980 nm pumps or the business conducted at locations in Komoro, Japan) in a single transaction that results in aggregate Net Proceeds received by Parent or its Subsidiaries of not less than
$100,000,000, or (c) any other disposition, in one or more transactions, of the assets of Parent and its Subsidiaries which are approved by Supermajority Lenders; provided, that such approval will not be conditioned upon the application
of the Net Proceeds of such disposition in any manner other than as set forth in Section 2.4(b). 

  
 5 

 (j) The defined term “Qualified Cash” in Section 1.1 of the Credit Agreement is
hereby amended and restated as follows: 
 “Qualified Cash” means, as of any date of determination, the amount of
unrestricted cash and Cash Equivalents of Parent and its Subsidiaries that is in Deposit Accounts or in Securities Accounts, or any combination thereof which is subject to a first priority Lien in favor of Agent to secure the Obligations, and which
such Deposit Account or Securities Account is the subject of a Control Agreement and is maintained by a branch office of the bank or securities intermediary located within the United States, United Kingdom or Canada. 

(k) Schedule 1.1 of the Credit Agreement is hereby amended by adding the following new defined terms in appropriate alphabetical order: 

“Liquidity” means, as of any date of determination, the sum of Excess Availability plus the lesser of (i) $25,000,000 and
(ii) Qualified Cash at such time. 
 “Third Amendment” means that certain Waiver and Amendment Number Three to Second
Amended and Restated Credit Agreement, entered into as of August 21, 2013, by and among Agent, Lenders, Parent, Borrower and Grantors. 

(l) Schedule C-1 of the Credit Agreement is hereby amended by deleting it in its entirety and replacing it with Schedule C-1 attached hereto.

 (m) Schedule 5.2 of the Credit Agreement is hereby amended by deleting it in its entirety and replacing it with Schedule 5.2 attached
hereto. 
 5. COVENANTS.  
 (a)
Consultant. Borrower and each other Grantor (i) agree to fully cooperate with Alvarez & Marsal North America, LLC or such other consultant engaged by Agent (“Agent’s Consultant”), (ii) agree to provide
Agent’s Consultant access to its properties, books and records, employees and professionals (including financial advisors, investment bankers and consultants) and (iii) hereby authorize Agent’s Consultant to provide to Agent such
information and status reports from time to time with respect to Borrower and Grantors and their financial condition, businesses, assets, liabilities and prospects, as Agent requests from time to time. 

(b) Joinder to Intercompany Subordination Agreement. On or before the date that is 10 days following the date hereof, Borrower shall
deliver to Agent, a joinder to that certain Second Amended and Restated Intercompany Subordination Agreement dated as of November 2, 2012 between Parent, the Subsidiaries and Affiliates of Parent party thereto from time to time and Agent,
executed by Oclaro Japan, Inc., Opnext Germany GmbH, Forthaven Ltd. (UK), Oclaro (North America), Inc., Italy Branch, Oclaro Japan KK, Avanex Communication Technologies Co., Ltd., Oclaro Technology (Shenzhen) Co., Ltd., Oclaro (Thailand) Ltd.,
Oclaro Switzerland GmbH and Oclaro Luxembourg S.A., in form in substance satisfactory to Agent. 
 6. BOOKHAM INTERNATIONAL LTD. 

(a) The Agent and each Lender consent to the sale, transfer or other disposition of 51% of the equity interests (the “Cayman
Shares”) of Bookham International Ltd., an exempted company incorporated with limited liability under the laws of the Cayman Islands (“Oclaro Cayman”), free and clear of the Agent’s and such Lender’s Lien thereon,
solely in connection with a Strategic Transaction pursuant to clause (b) of such definition. 

  
 6 

 (b) Upon the consummation of one or more Strategic Transactions pursuant to clause (b) of
the definition thereof resulting in Net Proceeds of at least $100,000,000 and receipt by Agent of Net Proceeds of at least $80,000,000 of such Net Proceeds on or prior to the Milestone Date, to be applied in accordance with Section 2.4(b), the
Agent and each Lender shall (i) release its Lien on the Cayman Shares granted by Borrower under the Foreign Security Agreement, the Share Charge dated as of August 2, 2006 (as amended or otherwise modified), made by Borrower in favor of
Lender or any other Loan Document, (ii) release its Lien on the assets of Oclaro Cayman, including the equity interests of Oclaro Technology (Shenzhen) (FFTZ) Co., Ltd. (the “Oclaro Shenzhen Equity Interests”), granted by
Oclaro Cayman under the Foreign Security Agreement, the Deed of Charge dated as of August 2, 2006 (as amended or otherwise modified, the “Cayman Deed”), made by Oclaro Cayman in favor of the Agent or any other Loan Document and
(iii) release Oclaro Cayman from its obligations under the Foreign Guaranty, the Foreign Security Agreement, the Cayman Deed and each other Loan Document. At any time upon the reasonable request of Parent or Borrower, the Agent and each Lender
shall execute and deliver any releases or other documents that Parent or Borrower reasonably request to evidence or effect the releases provided for herein, at the cost of Borrower and Parent. Upon consummation of the Strategic Transaction pursuant
to clause (b) of the definition thereof and the re-transfer of the Cayman Shares and the Oclaro Shenzhen Equity Interests to Borrower and Oclaro Cayman in accordance with the documentation relating to the Strategic Transaction, Agent’s and
each Lender’s Lien on the Cayman Shares and Oclaro Shenzhen Equity Interests shall be deemed to automatically and immediately attach and otherwise become valid and effective upon each re-transfer of the Cayman Shares and Oclaro Shenzhen Equity
Interests, respectively. Upon Agent’s request, Borrower and each other Grantor shall execute and deliver any documentation that Agent reasonably requests to evidence or effect the Agent and Lenders’ Lien on the Cayman Shares and the Oclaro
Shenzhen Equity Interests. 
 7. REPRESENTATIONS AND WARRANTIES. Parent, Borrower, and each Grantor each hereby affirms to Agent and Lenders
that, after giving effect to the amendments herein, all of its representations and warranties set forth in the Credit Agreement are true, complete and accurate in all respects as of the date hereof. 

8. CONDITIONS PRECEDENT. The effectiveness of this Amendment is expressly conditioned upon receipt by Agent of: 

(a) a fully executed copy of this Amendment, the Reaffirmation of Guaranty attached hereto, and a reaffirmation of the Loan Documents; 

(b) an acknowledgment executed by Borrower, in form and substance satisfactory to Agent, of Agent’s engagement of Agent’s Consultant;

 (c) the Waiver Fee; 
 (d) a
fully executed copy of that certain Amendment No. 1 to Agreement Among Lenders dated as of the date hereof by and among Agent and the Lenders; and 

(e) all fees and other amounts payable on or prior to the closing date of this Agreement, including all attorneys’, consultants’ and
other professionals’ fees and expenses incurred by Agent and Lenders (including, without limitation, fees and expenses for Agent and each Lender’s respective counsel). 

  
 7 

 9. RELEASE.  

(a) Except with respect to the rights of Borrower, Parent, and each Grantor expressly provided herein, in consideration of the agreements of
Agent and each Lender contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each of Borrower, Parent, and each Grantor, on behalf of itself and its successors, assigns and other
legal representatives (each of Borrower, Parent, and each Grantor and all such other persons being hereinafter referred to collectively as “Releasors” and individually as a “Releasor”), hereby absolutely,
unconditionally and irrevocably releases, remises and forever discharges Agent and each Lender, and their successors and assigns, and their present and former shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers,
attorneys, employees, agents and other representatives (Agent and each Lender and all such other persons being hereinafter referred to collectively as “Releasees” and individually as a “Releasee”), of and from all
demands, actions, causes of action, suits, covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims, defenses, rights of set-off, demands and
liabilities whatsoever (individually, a “Claim” and collectively, “Claims”) of every name and nature, known or unknown, suspected or unsuspected, both at law and in equity, which Releasors may now or hereafter own,
hold, have or claim to have against Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the day and date of this Amendment, for or on account of, or in
relation to, or in any way in connection with any of the Credit Agreement or any of the other Loan Documents or transactions thereunder or related thereto. 

(b) It is the intention of each of Borrower, Parent, and each Grantor that this Amendment and the release set forth above shall constitute a
full and final accord and satisfaction of all claims they may have or hereafter be deemed to have against Releasees as set forth herein. In furtherance of this intention, each of Borrower, Parent, and each Grantor, on behalf of itself and each other
Releasor, expressly waives any statutory or common law provision that would otherwise prevent the release set forth above from extending to claims that are not currently known or suspected to exist in any Releasor’s favor at the time of
executing this Amendment and which, if known by Releasors, might have materially affected the agreement as provided for hereunder. Each of Borrower, Parent, and each Grantor, on behalf of itself and each other Releasor, acknowledges that it is
familiar with Section 1542 of California Civil Code: 
 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR
DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. 

Each of Borrower, Parent, and each Grantor, on behalf of itself and each other Releasor, waives and releases any rights or benefits that it may have under
Section 1542 to the full extent that it may lawfully waive such rights and benefits, and each of Borrower, Parent, and each Grantor, on behalf of itself and each other Releasor, acknowledges that it understands the significance and consequences
of the waiver of the provisions of Section 1542 and that it has been advised by its attorney as to the significance and consequences of this waiver. 

(c) Each of Borrower, Parent, and each Grantor understands, acknowledges and agrees that the release set forth above may be pleaded as a full
and complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release. 

(d) Each of Borrower, Parent, and each Grantor agrees that no fact, event, circumstance, evidence or transaction which could now be asserted or
which may hereafter be discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth above. 
 10.
COVENANT NOT TO SUE. Each of the Releasors hereby absolutely, unconditionally and irrevocably, covenants and agrees with and in favor of each Releasee that it will not sue (at law, in equity, in any regulatory proceeding or otherwise) any
Releasee on the basis of any Claim released, remised and discharged by any Releasor pursuant to Section 9 above. If any Releasor violates the foregoing covenant, Borrower, for itself and its successors, assigns and other legal representatives,
agrees to pay, in addition to such other damages as any Releasee may sustain as a result of such violation, all attorneys’ fees and costs incurred by any Releasee as a result of such violation. 

  
 8 

 11. COSTS AND EXPENSES. Borrower shall pay to Agent all of Agent’s and Lenders’
out-of-pocket costs and reasonable expenses (including, without limitation, the fees and expenses of their respective counsel, which counsel may include any local counsel deemed by Agent as necessary, search fees, filing and recording fees,
documentation fees, appraisal fees, travel expenses, and other fees) arising in connection with the preparation, execution, and delivery of this Amendment and all related documents. 

12. LIMITED EFFECT. In the event of a conflict between the terms and provisions of this Amendment and the terms and provisions of the Credit
Agreement, the terms and provisions of this Amendment shall govern. In all other respects, the Credit Agreement, as amended and supplemented hereby, shall remain in full force and effect. 

13. COUNTERPARTS; EFFECTIVENESS. This Amendment may be executed in any number of counterparts and by different parties on separate counterparts,
each of which when so executed and delivered shall be deemed to be an original. All such counterparts, taken together, shall constitute but one and the same Amendment. This Amendment shall become effective upon the execution of a counterpart of this
Amendment by each of the parties hereto and the satisfaction of the condition precedent in Section 8 above. 
 [Signatures on next page]

  
 9 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first set
forth above. 
  

			
	WELLS FARGO CAPITAL FINANCE, LLC,
a Delaware limited liability company, as Agent and a Lender
		
	By:	 	/s/ Patrick McCormack
	Name:	 	Patrick McCormack
	Title:	 	V.P.

 Signature Page to Amendment Number Three to Second Amended and Restated Credit Agreement 

 
			
	 SILICON VALLEY BANK,
 as a
Lender

		
	By:	 	/s/ Marla Johnson
	Name:	 	Marla Johnson
	Title:	 	Managing Director

 Signature Page to Amendment Number Three to Second Amended and Restated Credit Agreement 

 
			
	PECM STRATEGIC FUNDING LP,
as a Term Loan Lender
		
	By:	 	/s/ Bryan Martoken
	Name:	 	BRYAN MARTOKEN
	Title:	 	CFO
	
	PROVIDENCE TMT DEBT
OPPORTUNITY FUND II LP,
as a Term Loan Lender
		
	By:	 	/s/ Bryan Martoken
	Name:	 	BRYAN MARTOKEN
	Title:	 	CFO

 
			
	OCLARO, INC.,
a Delaware corporation, as Parent and a Grantor
		
	By:	 	/s/ Jerry Turin
	Name:	 	Jerry Turin
	Title:	 	Chief Financial Officer
	
	OCLARO TECHNOLOGY LIMITED,
a company incorporated under the laws of
England and Wales, as Borrower and a Grantor
		
	By:	 	/s/ Jerry Turin
	Name:	 	Jerry Turin
	Title:	 	Secretary
	
	Witness:
		
	By:	 	/s/ Carol Davis
	Name:	 	Carol Davis
	Title:	 	Paralegal
	Address: 2560 Junction Avenue, San Jose, CA 95134

 Signature Page to Amendment Number Three to Second Amended and Restated Credit Agreement 

 
			
	OCLARO TECHNOLOGY, INC.,
a Delaware corporation, as a Grantor
		
	By:	 	/s/ Jerry Turin
	Name:	 	Jerry Turin
	Title:	 	Treasurer & Secretary
	
	OCLARO (NEW JERSEY), INC.,
a Delaware corporation, as a Grantor
		
	By:	 	/s/ Jerry Turin
	Name:	 	Jerry Turin
	Title:	 	President, CFO & Secretary
	
	OCLARO PHOTONICS, INC.,
a Delaware corporation, as a Grantor
		
	By:	 	/s/ Jerry Turin
	Name:	 	Jerry Turin
	Title:	 	President, Treasurer & Secretary
	
	OCLARO (NORTH AMERICA), INC.,
a Delaware corporation, as a Grantor
		
	By:	 	/s/ Jerry Turin
	Name:	 	Jerry Turin
	Title:	 	CEO, CFO & Secretary
	
	MINTERA CORPORATION,
a Delaware corporation, as a Grantor
		
	By:	 	/s/ Jerry Turin
	Name:	 	Jerry Turin
	Title:	 	President, CFO & Secretary
	
	OPNEXT, INC.,
a Delaware corporation, as a Grantor
		
	By:	 	/s/ Jerry Turin
	Name:	 	Jerry Turin
	Title:	 	CEO, President, CFO & Secretary

 Signature Page to Amendment Number Three to Second Amended and Restated Credit Agreement 

 
			
	 PINE PHOTONICS COMMUNICATIONS, INC.,

a Delaware corporation, as a Grantor

		
	By:	 	/s/ Jerry Turin
	Name:	 	Jerry Turin
	Title:	 	President, Treasurer & Secretary
	
	 OPNEXT SUBSYSTEMS, INC.,
 a
Delaware corporation, as a Grantor

		
	By:	 	/s/ Jerry Turin
	Name:	 	Jerry Turin
	Title:	 	President, CFO & Secretary

 
			
	BOOKHAM INTERNATIONAL LTD.,
a company organized under the laws of the Cayman Islands, as a Grantor
		
	By:	 	/s/ Jerry Turin
	Name:	 	Jerry Turin
	Title:	 	Secretary
	
	 BOOKHAM NOMINEES LIMITED,
a company incorporated under the laws of England and Wales, as a Grantor

		
	By:	 	/s/ Jerry Turin
	Name:	 	Jerry Turin
	Title:	 	Secretary
	
	Witness:
		
	By:	 	/s/ Carol Davis
	Name:	 	Carol Davis
	Title:	 	Paralegal
	Address: 2560 Junction Avenue, San Jose, CA 95134
	
	OCLARO (CANADA) INC.,
a federally incorporated Canadian corporation,
as a Grantor
		
	By:	 	/s/ Jerry Turin
	Name:	 	Jerry Turin
	Title:	 	President & Treasurer

 
					
	OCLARO INNOVATIONS LLP,
a limited liability partnership organized under the laws of England and Wales, as a Grantor
		
	By:	 	Oclaro, Inc.,
		 	its member
			
		 	By:	 	/s/ Jerry Turin
		 	Name:	 	Jerry Turin
		 	Title:	 	CFO
		
	By:	 	 Oclaro (North America), Inc.,
 its
member

			
		 	By:	 	/s/ Jerry Turin
		 	Name:	 	Jerry Turin
		 	Title:	 	CEO, CFO & Secretary

 REAFFIRMATION OF GUARANTY 

Each of the undersigned has executed an Amended and Restated General Continuing Guaranty (Domestic) or Amended and Restated General Continuing
Guaranty (Foreign) (each, a “Guaranty”), in favor of Wells Fargo Capital Finance, LLC, a Delaware limited liability company (as successor-by-merger to Wells Fargo Capital Finance, Inc.) (“WFCF”), as agent (in such
capacity, the “Agent”) for the lenders (the “Lenders”) from time to time party to Credit Agreement (as defined above) respecting the obligations of Oclaro Technology Limited, a company organized under the laws of
England and Wales (the “Borrower”) and Oclaro, Inc., a Delaware corporation (the “Parent”), owing to the Lenders. Each of the undersigned acknowledges the terms of the above Amendment and reaffirms and agrees that:
(i) its Guaranty remains in full force and effect; (ii) nothing in such Guaranty obligates Agent or any Lender to notify any of the undersigned of any changes in the financial accommodations made available to the Borrower or to seek reaffirmations
of any of the Guaranties; and (iii) no requirement to so notify any of the undersigned or to seek reaffirmation in the future shall be implied by the delivery or execution of this reaffirmation. 

 

					
	OCLARO INNOVATIONS LLP
	a limited liability partnership organized under the laws of England and Wales
		
	By:	 	Oclaro, Inc., its member
			
		 	By:	 	 /s/ Jerry Turin

		 	Name:	 	Jerry Turin
		 	Title:	 	CFO

  

					
	By:	 	Oclaro (North America), Inc., its member
			
		 	By:	 	 /s/ Jerry Turin

		 	Name:	 	Jerry Turin
		 	Title:	 	CEO, CFO & Secretary

  

			
	BOOKHAM NOMINEES LIMITED,
	a company incorporated under the laws of England and Wales
		
	By:	 	 /s/ Jerry Turin

	Name:	 	Jerry Turin
	Title:	 	Secretary

  

			
	Witness:
		
	By:	 	 /s/ Carol Davis

	Name:	 	Carol Davis
	Title:	 	Paralegal
	Address:	 	2560 Junction Avenue, San Jose, CA 95134

  

			
	BOOKHAM INTERNATIONAL LTD.,
	a company organized under the laws of the Cayman Islands
		
	By:	 	 /s/ Jerry Turin

	Name:	 	Jerry Turin
	Title:	 	Secretary

 
			
	OCLARO (CANADA) INC.,
	a federally incorporated Canadian corporation
		
	By:	 	 /s/ Jerry Turin

	Name:	 	Jerry Turin,
	Title:	 	President & Treasurer

 
			
	OCLARO, INC.,
	a Delaware corporation
		
	By:	 	 /s/ Jerry Turin

	Name:	 	Jerry Turin
	Title:	 	Chief Financial Officer

  

			
	OCLARO TECHNOLOGY, INC.,
	a Delaware corporation
		
	By:	 	 /s/ Jerry Turin

	Name:	 	Jerry Turin
	Title:	 	Treasurer & Secretary

  

			
	OCLARO (NEW JERSEY), INC.,
	a Delaware corporation
		
	By:	 	 /s/ Jerry Turin

	Name:	 	Jerry Turin
	Title:	 	President, CFO & Secretary

  

			
	OCLARO PHOTONICS, INC.,
	a Delaware corporation
		
	By:	 	 /s/ Jerry Turin

	Name:	 	Jerry Turin
	Title:	 	President, Treasurer & Secretary

  

			
	MINTERA CORPORATION,
	a Delaware corporation
		
	By:	 	 /s/ Jerry Turin

	Name:	 	Jerry Turin
	Title:	 	President, CFO & Secretary

  

			
	OCLARO (NORTH AMERICA), INC.,
	a Delaware corporation
		
	By:	 	 /s/ Jerry Turin

	Name:	 	Jerry Turin
	Title:	 	CEO, CFO & Secretary

			
	OPNEXT, INC.,
	a Delaware corporation
		
	By:	 	 /s/ Jerry Turin

	Name:	 	Jerry Turin
	Title:	 	CEO, President, CFO & Secretary

  

			
	PINE PHOTONICS COMMUNICATIONS, INC.,
	a Delaware corporation
		
	By:	 	 /s/ Jerry Turin

	Name:	 	Jerry Turin
	Title:	 	President, Treasurer & Secretary

  

			
	OPNEXT SUBSYSTEMS, INC.,
	a Delaware corporation
		
	By:	 	 /s/ Jerry Turin

	Name:	 	Jerry Turin
	Title:	 	President, CFO & Secretary

 SCHEDULE C-1 

Commitments 
  

													
	 Lender
	  	Revolver Commitment*	 	  	Term Loan
Commitment	 	  	Total Commitment	 
	 Wells Fargo Capital Finance, Inc.
	  	$	31,250,000	  	  	$	0	  	  	$	31,250,000	  
	 Silicon Valley Bank
	  	$	18,750,000	  	  	$	0	  	  	$	18,750,000	  
	 PECM Strategic Funding LP
	  	$	0	  	  	$	10,250,000	  	  	$	10,250,000	  
	 Providence TMT Debt Opportunity Fund II LP
	  	$	0	  	  	$	14,750,000	  	  	$	14,750,000	  
	 All Lenders
	  	$	50,000,000	  	  	$	25,000,000	  	  	$	75,000,000	  

 SCHEDULE 5.2 

Provide Agent (and if so requested by Agent, with copies for each Lender) with each of the documents set forth below at the following times in
form satisfactory to Agent: 
  

			
	Daily by 11:00 a.m. (Pacific Standard Time) of each day	  	 (a) a detailed report regarding Parent’s and its Subsidiaries’ cash and Cash Equivalents, including an indication of which amounts constitute
Qualified Cash.

		
	Weekly by the 3rd Business Day of each week	  	 (b) a detailed report, including a rolling 13-week cash flow forecast, regarding Parent’s and its Subsidiaries’ cash and Cash Equivalents,
including an indication of which amounts constitute Qualified Cash;

		
	Monthly (no later than the 10th day of each month) (or, if the Revolver Usage is in excess of $0 (other than that certain Letter of Credit # SM239003W) or a request for an Advance or the issuance of a Letter of Credit (other than
that certain Letter of Credit # SM239003W) has been made, weekly by the 3rd Business day of each week, it being understood that if Borrower shall request an Advance or the issuance of a Letter of Credit (other than that certain Letter of Credit #
SM239003W), Borrower shall deliver items (c) through (g) by 11:00 a.m. (Pacific Standard Time) one Business Day	  	 (c) an Account roll-forward with supporting details supplied from sales journals, collection journals, credit registers
and any other records, in each case, in a format acceptable to Agent in its discretion, tied to the beginning and ending account receivable balances of Borrower’s general ledger,

 
 (d) a Borrowing Base Certificate,

 
 (e) a detailed aging, by total, of Borrower’s Accounts, together
with a reconciliation and supporting documentation for any reconciling items noted (delivered electronically in an acceptable format, if Borrowers have implemented electronic reporting),

 
 (f) a detailed calculation of those Accounts that are not eligible for
the Borrowing Base, if Borrowers have not implemented electronic reporting, and
  

(g) a summary aging, by vendor, of Parent’s and its Subsidiaries’ accounts payable and any book overdrafts (delivered
electronically in an acceptable format, if Borrowers have implemented electronic reporting) and an aging, by vendor, of any held checks.

	prior to such request)	  	

  
 Schedule 5.2 

			
		
	Monthly (no later than the 10th day of each month)	  	 (h) unless delivered pursuant to clause (c) above, an Account roll-forward with supporting details supplied from sales
journals, collection journals, credit registers and any other records, in each case, in a format acceptable to Agent in its discretion, tied to the beginning and ending account receivable balances of Borrower’s general ledger,

 
 (i) notice of all claims, offsets, or disputes asserted by Account
Debtors with respect to Parent’s and its Subsidiaries’ Accounts,
  

(j) unless delivered pursuant to clause (d) above, a Borrowing Base Certificate,

 
 (k) unless delivered pursuant to clause (e) above, a detailed aging,
by total, of Borrower’s Accounts, together with a reconciliation and supporting documentation for any reconciling items noted (delivered electronically in an acceptable format, if Borrowers have implemented electronic
reporting),

  
 Schedule 5.2 

			
		  	 (l) unless delivered pursuant to clause (f) above, a detailed calculation of those Accounts that are not eligible for
the Borrowing Base, if Borrowers have not implemented electronic reporting,
  

(m) unless delivered pursuant to clause (f) above, a summary aging, by vendor, of Parent’s and its Subsidiaries’ accounts payable
and any book overdrafts (delivered electronically in an acceptable format, if Borrowers have implemented electronic reporting) and an aging, by vendor, of any held checks, and
  

(n) a monthly Account roll-forward.

		
	Monthly (no later than the 30th day of each month)	  	 (o) a reconciliation of Accounts of Borrower’s general ledger accounts and trade accounts payable of Parent and its
Subsidiaries’ general ledger accounts to, in each case, their monthly financial statements including any book reserves related to each category, and
  

(p) a report regarding Parent’s and its Subsidiaries’ accrued, but unpaid, ad valorem taxes.

		
	Quarterly	  	 (q) a detailed report regarding Parent’s and its Subsidiaries’ Permitted Dispositions including a detailed list of the assets sold or disposed
of since the Closing Date and the consideration received in connection therewith.

		
	Annually	  	 (r) a detailed list of Parent’s and its Subsidiaries’ customers, including contract expiration dates, together with address and contact
information.

		
	Upon request by Agent	  	 (s) copies of invoices together with corresponding shipping and delivery documents, and credit memos together with
corresponding supporting documentation, with respect to invoices and credit memos in excess of an amount determined in the sole discretion of Agent, from time to time and
  

(t) such other reports as to the Collateral or the financial condition of Parent and its Subsidiaries, as Agent may reasonably
request.

  
 Schedule 5.2

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