Document:

exv10w28

 

Exhibit 10.28

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE
REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES, THE SALE IS MADE IN ACCORDANCE WITH
RULE 144 UNDER SUCH ACT, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THESE
SECURITIES REASONABLY SATISFACTORY TO THE COMPANY STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR
HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT.

CONVERTIBLE PROMISSORY NOTE

	 	 	 
	$11,061,000.00 

	 	April 8, 2005

     Finisar Corporation, a Delaware corporation (the “Company”), for value received,
promises to pay to Steven Bucher (“Holder”) the principal sum of Eleven Million Sixty One
Thousand Dollars ($11,061,000.00), together with interest on the outstanding principal balance of
this Note at the rate of three and thirty-five one-hundredths percent (3.35%) per annum. This Note
is issued pursuant to that Agreement and Plan of Merger dated April 7, 2005 by and among the
Company, I-Robot Acquisition Corp., I-TECH CORP. and the Holder (the “Merger Agreement”).

     1. Definitions. As used in this Note, the following terms shall have the definitions
ascribed to them below:

          1.1. “Commission” means the United States Securities and Exchange Commission.

          1.2. “Common Stock” means the common stock, $0.001 par value, of the Company, and any
securities into which such common stock may hereafter be classified.

          1.3. “Conversion Event” has the meaning set forth in Section 3.1 below.

          1.4. “Conversion Shares” has the meaning set forth in Section 3.2 below.

          1.5. “Initial Conversion Amount” means the lesser of (a) seventy-four percent (74%)of
the product of (i) the Share Price calculated with respect to the Initial Conversion Event,
multiplied by (ii) the lower of: (x) the maximum number of shares of Finisar Common Stock that the
Holder may actually sell on the date of the Initial Conversion Event without violation of the
volume restrictions of Rule 144(e), and (y) the number of shares of Fusion Common Stock into which
the entire original principal amount of this Note would have been converted on the Initial
Conversion Event without giving effect to the provisions of this Section 1.5, and (b) the
difference between the original principal amount of this Note plus all accrued interest thereon and
the original principal amount of the Finisar Loan (as defined in the Merger Agreement), including
all accrued interest thereon.

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          1.6. “Maturity Date” means November 1, 2005.

          1.7. “Rule 144” means Rule 144 promulgated by the Commission under the Securities Act
as in effect from time to time.

          1.8. “Securities Act” means the Securities Act of 1933, as amended.

          1.9. “Share Price” means the average closing trading price per share of the Common
Stock on the Nasdaq National Market (“NNM”) for the three (3) Trading Days ending on the
day preceding the applicable Conversion Event.

          1.10. “Trading Day” means a day on which trading occurs on the NNM (or any successor
thereto).

     2. Payment.

          2.1. Payment at Maturity. The entire outstanding principal balance of, and accrued
but unpaid interest on, this Convertible Promissory Note (the “Note”) shall be due and
payable, if not converted prior thereto pursuant to Section 3 below, on the Maturity Date. The
Company shall have the right at any time and without premium or penalty to prepay this Note, in
whole or in part, prior to the Maturity Date.

          2.2. Interest. The Company shall pay interest to the Holder on the outstanding
principal balance of this Note at the rate of three and thirty-five one-hundredths percent (3.35%)
per annum, which shall be payable in (a) cash on the Maturity Date, or (b) additional shares of
Common Stock if this Note is converted pursuant to Section 3 below, on the date(s) for delivery of
certificates representing the Conversion Shares provided for in Section 3.3. Interest shall be
calculated on the basis of a 365-day year and shall accrue daily commencing on the date hereof.

          2.3. Currency. All payments shall be in lawful money of the United States of America.

     3. Conversion. This Note shall convert into Common Stock as follows:

          3.1. Conversion Events.

               (a) Upon the declaration of the effectiveness of a Registration Statement (as defined in the
Merger Agreement) filed by the Company with the Commission (the “Initial Conversion
Event”), the Initial Conversion Amount shall be automatically converted into that number of
shares of Common Stock determined in accordance with Section 3.2 below.

               (b) The remaining principal balance, if any, outstanding under this Note after the Initial
Conversion Event (the “Remaining Principal Balance”) shall be converted into that number of
shares of Common Stock determined in accordance with Section 3.2 below on any of two (2) days
determined by the Holder (each of which, a “Subsequent Conversion Event” and, together with
the Initial Conversion Event, each a “Conversion Event”); provided, however, that no
conversion at the election of the Holder shall reduce the Remaining Principal Balance below the
amount of the unpaid portion of the Finisar Loan. The Holder shall give

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written notice to the Company of its election to convert additional shares of Finisar Common
Stock on a Subsequent Conversion Event. Should any portion of the Remaining Principal Balance
remain outstanding as of the date that is four (4) months after the Initial Conversion Event, the
entire Remaining Principal Balance shall be automatically converted into shares of Finisar Common
Stock as of such date.

          3.2. Shares Issuable Upon Conversion. Upon each conversion of this Note in accordance
with Section 3.1 above, the Holder shall be entitled to receive a certificate representing that
number of shares of Common Stock (the “Conversion Shares”) equal to the portion of
principal balance of the Note and accrued interest that is converted on such Conversion Event,
divided by the Share Price.

          3.3. Stock Certificate. The Company shall cause a certificate or certificates
representing the Conversion Shares to be issued in the name of Holder and delivered to the Holder
by nationally recognized overnight delivery service within two (2) business days following the
occurrence of a Conversion Event. The certificate(s) representing the Conversion Shares shall bear
the following legend, if applicable:

          THE SHARES REPRESENTED BY THIS
CERTIFICATE WERE ISSUED IN A TRANSACTION TO WHICH RULE 145 APPLIES AND MAY ONLY BE TRANSFERRED IN CONFORMITY WITH RULE 145(d)
OR PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR IN ACCORDANCE WITH
A WRITTEN OPINION OF COUNSEL, REASONABLY ACCEPTABLE TO THE ISSUER IN FORM AND SUBSTANCE, THAT SUCH TRANSFER IS EXEMPT
FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED.

          3.4. Fractional Shares. No fractional shares shall be issued upon conversion of this
Note and the value of any fractional shares issuable upon such conversion, based on the Share
Price, shall be paid by the Company to the Holder in cash.

          3.5. Satisfaction of Obligations. Upon conversion of the entire principal amount of
this Note and delivery of the certificates representing the Conversion Shares in accordance with
the provisions of this Section 3, the Company shall be forever released from all obligations and
liabilities hereunder.

     4. Default.

          4.1. Events of Default. The occurrence of any one or more of the following events
shall constitute an “Event of Default” hereunder:

               (a) any failure by the Company to pay any amount payable in cash hereunder, in accordance with
the terms hereof, which default is not cured within ten (10) business days following written notice
thereof from the Holder; or

               (b) any failure by the Company to issue any securities issuable hereunder, in accordance with
the terms hereof; or

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               (c) the Company (i) has an order for relief entered against it under the federal Bankruptcy
Code, (ii) makes an assignment for the benefit of its creditors, (iii) applies for or seeks the
appointment a receiver, liquidator, assignee, trustee or other similar official for it or for any
substantial part of its property or any such official is appointed, other than upon Company’s
request, and such unrequested appointment continues for thirty (30) days, (iv) institutes
proceedings seeking an order for relief under the federal Bankruptcy Code or seeking to adjudicate
it a bankrupt or insolvent, or seeking dissolution, winding up, liquidation, reorganization,
arrangement, adjustment or composition of it or any of its debts under other applicable federal or
state law relating to creditor rights and remedies, or any such proceeding is filed against it,
other than upon the Company’s request, and such unrequested proceeding continues undismissed or
unstayed for thirty (30) days, or (v) takes corporate action in furtherance of any of the foregoing
actions.

          4.2. Remedies. During the continuance of an Event of Default, Holder shall have the
right to (i) accelerate the payment of the Remaining Principal Balance hereunder, and (ii) enforce
this Note by exercise of the rights and remedies granted to it by applicable law. The Company
shall pay all costs and expenses, including, without limitation, reasonable attorneys’ fees and
court costs, incurred or expended by the Holder in enforcing or collecting this Note as a result of
an Event of Default or the protection or prescription of any rights of Holder hereunder. The
Company hereby waives demand, notice, presentment, protest and notice of dishonor, diligence in
collection and notice of intent to accelerate maturity.

          4.3. Waiver; Cumulative Remedies. No course of dealing or any delay or failure to
exercise any right hereunder on the Holder’s part shall operate as a waiver of such right or
otherwise prejudice the Holder’s rights, powers or remedies. No single or partial waiver by the
Holder of any provision of this Note or of any breach or default hereunder or of any right or
remedy shall operate as a waiver of any other provision, breach, default right or remedy or of the
same provision, breach, default, right or remedy on a future occasion. The Holder’s rights and
remedies are cumulative and are in addition to all rights and remedies which the Holder may have in
law or in equity or by statute or otherwise; provided, however, that the Holder acknowledges that
the indemnification remedy provided in Section 9.4 of the Merger Agreement shall not be available
to the Holder as a right or remedy for the Company’s breach or default hereunder.

     5. Amendments. This Note may not be amended or modified, nor may any of its terms be
waived, except by written instruments signed by the Company and the Holder and then only to the
extent set forth therein.

     6. Severability. If any provision of this Note is determined to be invalid, illegal
or unenforceable, in whole or in part, the validity, legality and enforceability of any of the
remaining provisions or portions of this Note shall not in any way be affected or impaired thereby.

     7. Notices. Any notice or other communication required or desired to be given
hereunder shall be in the form and manner specified below, and shall be addressed to the party to
be notified as follows:

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	 	If to Holder:
	 	Steven Bucher
	

	 	 	 	3935 Plymouth Road South
	

	 	 	 	Minnetonka, MN 55305
	 
	 	 	 	 
	

	 	with copy to:
	 	Lapp Libra Thomson, Stoebner & Pusch
	

	 	 	 	One Financial Plaza, Suite 2500
	

	 	 	 	120 South Sixth Street
	

	 	 	 	Minneapolis, MN 55402
	

	 	 	 	Attn: Gregory D. Pusch
	 
	 	 	 	 
	

	 	If to the Company:
	 	Finisar Corporation
	

	 	 	 	1308 Moffett Park Drive
	

	 	 	 	Sunnyvale, CA 94089
	

	 	 	 	Attn: Chief Financial Officer
	 
	 	 	 	 
	

	 	Telecopy:
	 	(408) 541-4154 

or to such other address as each party designates to the other by notice in the manner herein
prescribed. Notice shall be deemed given hereunder if (i) delivered personally or otherwise
actually received, (ii) sent by overnight delivery service, (iii) mailed by first-class United
States mail, postage prepaid, registered or certified, with return receipt requested, or (iv)
transmitted by facsimile transmission (and confirmed by a copy delivered in accordance with clauses
(i), (ii) or (iii). Notice mailed as provided in clause (iii) above shall be effective upon the
expiration of three (3) business days after its deposit in the United States mail. Notice given in
any other manner described in this section shall be effective upon receipt by the addressee
thereof; provided, however, that if any notice is tendered to an addressee and delivery thereof is
refused by such addressee, such notice shall be effective upon such tender unless expressly set
forth in such notice.

     8. Replacement. Upon the Company’s receipt of reasonably satisfactory evidence of the
loss, theft, destruction or mutilation of this Note and (i) in the case of any such loss theft or
destruction, upon delivery of indemnity reasonably satisfactory to the Company in form and amount,
or (ii) in the case of any such mutilation, upon surrender of this Note for cancellation, the
Company, at its expense, shall execute and deliver, in lieu thereof, a new Note.

     9. Legal Fees. In the event of any legal action to enforce the rights of the Holder
or the Company, the party prevailing in such action shall be entitled, in addition to such other
relief as may be granted, all reasonable costs and expenses, including reasonable attorneys’ fees,
incurred in such action.

     10. Assignment. Neither this Note nor any of the rights, interests or obligations
hereunder may be assigned, by operation of law or otherwise, in whole or in part, by the Company,
without the prior written consent of the Holder, or by the Holder, without the prior written
consent of the Company, which consent shall not be unreasonably withheld.

     11. No Rights as Stockholder. This Note, as such, shall not entitle the Holder to any
rights as a stockholder of the Company.

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     12. Headings. The descriptive headings in this Note are inserted for convenience only
and do not constitute a part of this Note.

     13. Governing Law. The validity, meaning and effect of this Note shall be determined
in accordance with the laws of the State of California, without regard to principles of conflicts
of law.

     14. Binding Effect. This Note shall be binding upon, and shall inure to the benefit
of, the Company and the Holder and their respective successors and assigns.

     15. Off-Set. The Company shall have the right at any time and from time to time, to
set-off and apply against any obligations or liabilities of, or amounts due from the Holder to the
Company, pursuant to the Secured Promissory Note, dated April 7, 2005, in favor of the Company, in
the original principal amount of $2,000,000, the obligations owing from the Company to the Holder
hereunder to pay the Remaining Principal Balance or to issue the Conversion Shares into which the
Remaining Principal Balance may be converted. The Company agrees to notify the Holder
simultaneously with any such set-off and application made by the Company.

     16. Time. Time is of the essence hereunder.

     IN WITNESS WHEREOF, the Company has duly caused this Note to be signed in its name and on its
behalf by its duly authorized officer as of the date hereinabove written.

	 	 	 	 	 
	 	FINISAR CORPORATION

 	 
	 	By:  	/s/ Jerry S. Rawls
 	 
	 	Name:  Jerry S. Rawls 
	 	Title:  President and Chief Executive Officer 
	 

AGREED AND ACCEPTED:

	 	 	 
	/s/ Steven Bucher

	 	 
	 
	 	 
	STEVEN BUCHER
	 	 

6exv10w29

 

Exhibit 10.29

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE
REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES, THE SALE IS MADE IN ACCORDANCE WITH
RULE 144 UNDER SUCH ACT, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THESE
SECURITIES REASONABLY SATISFACTORY TO THE COMPANY STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR
HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT.

CONVERTIBLE PROMISSORY NOTE

	 	 	 
	$1,000,000.00 

	 	April 8, 2005

     Finisar Corporation, a Delaware corporation (the “Company”), for value received,
promises to pay to Steven Bucher (“Holder”) the principal sum of One Million Dollars
($1,000,000.00), together with interest on the outstanding principal balance of this Note at the
rate of three and thirty-five one-hundredths percent (3.35%) per anum. This Note is issued
pursuant to that Agreement and Plan of Merger dated April 7, 2005 by and among the Company, I-Robot
Acquisition Corp., I-TECH CORP. and the Holder (the “Merger Agreement”).

     1. Definitions. As used in this Note, the following terms shall have the definitions
ascribed to them below:

          1.1. “Commission” means the United States Securities and Exchange Commission.

          1.2. “Common Stock” means the common stock, $0.001 par value, of the Company, and any
securities into which such common stock may hereafter be classified.

          1.3. “Conversion Event” has the meaning set forth in Section 3.1 below.

          1.4. “Conversion Shares” has the meaning set forth in Section 3.2 below.

          1.5. “Deferred Amounts” has the meaning set forth in Section 2.1 below.

          1.6. “Escrow Agreement” means the Escrow Agreement dated April 8, 2005, by and among
the Company, Holder and U.S. Bank Trust National Association (the “Escrow Agent”).

          1.7. “Maturity Date” means April 8, 2006.

          1.8. “Rule 144” means Rule 144 promulgated by the Commission under the Securities Act
as in effect from time to time.

          1.9. “Securities Act” means the Securities Act of 1933, as amended.

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          1.10. “Share Price” means the average closing trading price per share of the Common
Stock on the Nasdaq National Market (“NNM”) for the three (3) Trading Days ending on the
date preceding the applicable Conversion Event.

          1.11. “Trading Day” means a day on which trading occurs on the NNM (or any successor
thereto).

     2. Payment.

          2.1. Payment. The entire outstanding balance of, and accrued but unpaid interest on,
this Convertible Promissory Note (the “Note”) shall be due and payable, if not converted
prior thereto pursuant to Section 3 below, on the Maturity Date; provided, however, if a Finisar
Group Indemnitee (as such term is defined in the Escrow Agreement) provides notice to the Holder
and the Escrow Agent of a claim for indemnification pursuant to Section 4.1 of the Escrow
Agreement, then the Company may, in its sole discretion, defer payments under this Note in an
amount equal to the Indemnification Claim or Claims (as such term is defined in the Escrow
Agreement) that have not been resolved at the Maturity Date (the “Deferred Amounts”).
Within five (5) business days following the date on which the Company and the Holder agree or the
arbitrator under Section 11 of the Escrow Agreement determines that a Finisar Group Indemnitee is
entitled to recover an amount with respect to the Indemnification Claim or Claims (the
“Resolved Amount”), such Resolved Amount shall be offset without further action or notice
against the Deferred Amounts. If the Resolved Amount is less than the Deferred Amounts, the
Company shall pay the remaining principal balance on this Note (after offset of the Resolved
Amount) to the Holder within five (5) business days after the date on which the offset is applied.
The Company shall have the right at any time and without premium or penalty to prepay this Note, in
whole or in part, in lieu of conversion pursuant to Section 3 below, on or prior to the Maturity
Date.

          2.2. Interest. The Company shall pay interest to the Holder on the outstanding
principal balance of this Note at the rate of three and thirty-five one-hundredths percent (3.35%)
per annum, which shall be payable at the Company’s option in (a) cash or (b) additional shares of
Common Stock if this Note is converted pursuant to Section 3 below. Payment of the interest in
cash shall be made on the Maturity Date and payment of the interest in shares of Common Stock shall
be made on the date(s) for delivery of certificates representing the Conversion Shares provided for
in Section 3.3. Interest shall be calculated on the basis of a 365-day year and shall accrue daily
commencing on the date hereof.

          2.3. Currency. All payments shall be in lawful money of the United States of America.

     3. Conversion. This Note shall convert into Common Stock as follows:

          3.1. Conversion Events. The Company may elect to convert all or a part of the
principal balance outstanding under this Note into that number of shares of Common Stock determined
in accordance with Section 3.2 below at any time after the four (4) month anniversary of the date
that the Registration Statement (as defined in the Merger Agreement) filed by the Company with the
Commission was declared effective and provided that the Holder

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may actually sell all of the Conversion Shares issuable on such date without violation of the
volume limitations of Rule 144(e) (the “Conversion Event”); provided, however, that the
Company will convert at least $157,000 of the outstanding principal amount of this Note on or
before December 1, 2005. Simultaneously with each election by the Company to convert all or a
portion of the principal amount of this Note pursuant to this Section 3.1 or any required
conversion under this Section 3.1, the Company shall provide notice to the Holder and the Escrow
Agent of such election to convert. If requested by the Holder, the Company will provide joint
instructions with the Holder to the Company’s transfer agent and the Escrow Agent (as defined in
the Escrow Agreement) to sell the Conversion Shares and deposit the proceeds from the sale of such
Conversion Shares into escrow.

          3.2. Shares Issuable Upon Conversion. Upon the conversion of this Note in accordance
with Section 3.1 above, the Holder shall be entitled to receive a certificate representing that
number of shares of Common Stock (the “Conversion Shares”) equal to the portion of
principal balance of the Note that is converted on such Conversion Event, divided by the Share
Price.

          3.3. Stock Certificate. The Company shall cause a certificate representing the
Conversion Shares to be issued in the name of Holder within two (2) business days following the
occurrence of a Conversion Event. The certificate representing the Conversion Shares shall bear
the following legend, if applicable:

     THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE
REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES, THE SALE IS MADE IN ACCORDANCE WITH
RULE 144 UNDER SUCH ACT, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THESE
SECURITIES REASONABLY SATISFACTORY TO THE COMPANY STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR
HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT.

          3.4. Fractional Shares. No fractional shares shall be issued upon conversion of this
Note and the value of any fractional shares issuable upon such conversion, based on the Share
Price, shall be paid by the Company to the Holder in cash.

          3.5. Satisfaction of Obligations. Upon conversion of the entire principal amount of
this Note and delivery of the certificates representing the Conversion Shares in accordance with
the provisions of this Section 3, the Company shall be forever released from all obligations and
liabilities hereunder.

     4. Default.

          4.1. Events of Default. The occurrence of any one or more of the following events
shall constitute an “Event of Default” hereunder:

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               (a) any failure by the Company to pay any amount payable in cash hereunder, in accordance with
the terms hereof, which default is not cured within ten (10) business days following notice thereof
from the Holder;

               (b) any failure by the Company to issue any securities issuable hereunder, in accordance with
the terms hereof; or

               (c) the Company (i) has an order for relief entered against it under the federal Bankruptcy
Code, (ii) makes an assignment for the benefit of its creditors, (iii) applies for or seeks the
appointment a receiver, liquidator, assignee, trustee or other similar official for it or for any
substantial part of its property or any such official is appointed, other than upon Company’s
request, and such unrequested appointment continues for thirty (30) days, (iv) institutes
proceedings seeking an order for relief under the federal Bankruptcy Code or seeking to adjudicate
it a bankrupt or insolvent, or seeking dissolution, winding up, liquidation, reorganization,
arrangement, adjustment or composition of it or any of its debts under other applicable federal or
state law relating to creditor rights and remedies, or any such proceeding is filed against it,
other than upon the Company’s request, and such unrequested proceeding continues undismissed or
unstayed for thirty (30) days, or (v) takes corporate action in furtherance of any of the foregoing
actions.

          4.2. Remedies. During the continuance of an Event of Default, Holder shall have the
right to (i) accelerate the payment of the outstanding principal balance hereunder, and (ii)
enforce this Note by exercise of the rights and remedies granted to it by applicable law. The
Company shall pay all costs and expenses, including, without limitation, reasonable attorneys’ fees
and court costs, incurred or expended by the Holder in enforcing or collecting this Note as a
result of an Event of Default or the protection or prescription of any rights of Holder hereunder.
The Company hereby waives demand, notice, presentment, protest and notice of dishonor, diligence in
collection and notice of intent to accelerate maturity.

          4.3. Waiver; Cumulative Remedies. No course of dealing or any delay or failure to
exercise any right hereunder on the Holder’s part shall operate as a waiver of such right or
otherwise prejudice the Holder’s rights, powers or remedies. No single or partial waiver by the
Holder of any provision of this Note or of any breach or default hereunder or of any right or
remedy shall operate as a waiver of any other provision, breach, default right or remedy or of the
same provision, breach, default, right or remedy on a future occasion. The Holder’s rights and
remedies are cumulative and are in addition to all rights and remedies which the Holder may have in
law or in equity or by statute or otherwise; provided, however, that the Holder acknowledges that
the indemnification remedy provided in Section 9.4 of the Merger Agreement shall not be available
to the Holder as a right or remedy for the Company’s breach or default hereunder.

     5. Amendments. This Note may not be amended or modified, nor may any of its terms be
waived, except by written instruments signed by the Company and the Holder and then only to the
extent set forth therein.

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     6. Severability. If any provision of this Note is determined to be invalid, illegal
or unenforceable, in whole or in part, the validity, legality and enforceability of any of the
remaining provisions or portions of this Note shall not in any way be affected or impaired thereby.

     7. Notices. Any notice or other communication required or desired to be given
hereunder shall be in the form and manner specified below, and shall be addressed to the party to
be notified as follows:

	 	 	 	 	 
	

	 	If to Holder:
	 	Steven Bucher
	

	 	 	 	3935 Plymouth Road South
	

	 	 	 	Minnetonka, MN 55305
	 
	 	 	 	 
	

	 	with copy to:
	 	Lapp Libra Thomson, Stoebner & Pusch
	

	 	 	 	One Financial Plaza, Suite 2500
	

	 	 	 	120 South Sixth Street
	

	 	 	 	Minneapolis, MN 55402
	

	 	 	 	Attn: Gregory D. Pusch
	 
	 	 	 	 
	

	 	If to the Company:
	 	Finisar Corporation
	

	 	 	 	1308 Moffett Park Drive
	

	 	 	 	Sunnyvale, CA 94089
	

	 	 	 	Attn: Chief Financial Officer
	 
	 	 	 	 
	

	 	Telecopy:
	 	(408) 541-4154 

or to such other address as each party designates to the other by notice in the manner herein
prescribed. Notice shall be deemed given hereunder if (i) delivered personally or otherwise
actually received, (ii) sent by overnight delivery service, (iii) mailed by first-class United
States mail, postage prepaid, registered or certified, with return receipt requested, or (iv)
transmitted by facsimile transmission (and confirmed by a copy delivered in accordance with clauses
(i), (ii) or (iii). Notice mailed as provided in clause (iii) above shall be effective upon the
expiration of three (3) business days after its deposit in the United States mail. Notice given in
any other manner described in this section shall be effective upon receipt by the addressee
thereof; provided, however, that if any notice is tendered to an addressee and delivery thereof is
refused by such addressee, such notice shall be effective upon such tender unless expressly set
forth in such notice.

     8. Replacement. Upon the Company’s receipt of reasonably satisfactory evidence of the
loss, theft, destruction or mutilation of this Note and (i) in the case of any such loss theft or
destruction, upon delivery of indemnity reasonably satisfactory to the Company in form and amount,
or (ii) in the case of any such mutilation, upon surrender of this Note for cancellation, the
Company, at its expense, shall execute and deliver, in lieu thereof, a new Note.

     9. Legal Fees. In the event of any legal action to enforce the rights of the Holder
or the Company, the party prevailing in such action shall be entitled, in addition to such other
relief as may be granted, all reasonable costs and expenses, including reasonable attorneys’ fees,
incurred in such action.

5

 

     10. Assignment. Neither this Note nor any of the rights, interests or obligations
hereunder may be assigned, by operation of law or otherwise, in whole or in part, by the Company,
without the prior written consent of the Holder, or by the Holder, without the prior written
consent of the Company, which consent shall not be unreasonably withheld.

     11. No Rights as Stockholder. This Note, as such, shall not entitle the Holder to any
rights as a stockholder of the Company.

     12. Headings. The descriptive headings in this Note are inserted for convenience only
and do not constitute a part of this Note.

     13. Governing Law. The validity, meaning and effect of this Note shall be determined
in accordance with the laws of the State of California, without regard to principles of conflicts
of law.

     14. Binding Effect. This Note shall be binding upon, and shall inure to the benefit
of, the Company and the Holder and their respective successors and assigns.

     15. Time. Time is of the essence hereunder.

     IN WITNESS WHEREOF, the Company has duly caused this Note to be signed in its name and on its
behalf by its duly authorized officer as of the date hereinabove written.

	 	 	 	 	 
	 	FINISAR CORPORATION

 	 
	 	By:  	/s/ Jerry S. Rawls
 	 
	 	Name:  Jerry S. Rawls 
	 	Title:  President and Chief Executive Officer 
	 

AGREED AND ACCEPTED:

	 	 	 
	/s/ Steven Bucher

	 	 
	 
	 	 
	STEVEN BUCHER
	 	 

6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00082-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00082-of-00352.parquet"}]]