Document:

Exh_1010d

		
			Exhibit 10.10d
		

		
			 
		

		
			FANTEX, INC.
		

		
			 
		

		
			STOCK REPURCHASE AGREEMENT
		

		
			 
		

		
			THIS STOCK REPURCHASE AGREEMENT (the “Agreement”) is made between Fantex, Inc., a Delaware corporation (the “Company”) and [  ] (“Holder”), as of [  ], 2016 (the “Effective Date”). 
		

		
			 
		

		
			RECITALS
		

		
			 
		

		
			A.Pursuant to those certain Standby Purchase Agreements by and between Holder, the Company, Fantex Brokerage Services, LLC (“FBS”) and certain other underwriters party thereto (each a “Standby Purchase Agreement” and collectively the “Standby Purchase Agreements”), Holder previously purchased and currently holds certain shares of Fantex Series Vernon Davis Convertible Tracking Stock, par value $0.0001 per share (“Fantex Series Vernon Davis”), Fantex Series EJ Manuel Convertible Tracking Stock, par value $0.0001 per share (“Fantex Series EJ Manuel”), Fantex Series Mohamed Sanu Convertible Tracking Stock, par value $0.0001 per share (“Fantex Series Mohamed Sanu”), Fantex Series Alshon Jeffery Convertible Tracking Stock, par value $0.0001 per share (“Fantex Series Alshon Jeffery”), Fantex Series Michael Brockers Convertible Tracking Stock, par value $0.0001 per share (“Fantex Series Michael Brockers”), and/or Fantex Series Jack Mewhort Convertible Tracking Stock, par value $0.0001 per share (“Fantex Series Jack Mewhort” and together with the Fantex Series Vernon Davis, Fantex Series EJ Manuel, Fantex Series Mohamed Sanu and Fantex Series Michael Brockers, the “Existing Tracking Stocks”).
		

		
			 
		

		
			B.The Company intends to offer and sell to the public pursuant to a registration statement on Form S-1 a new security named the Fantex Series Sports Portfolio 1 Units (the “Units”), which Units would consist of an inseparable strip of securities comprised of a number of shares of the Existing Tracking Stocks and also a number of shares of a newly created tracking stock to be named the Fantex Series Professional Sports Convertible Tracking Stock, par value $0.0001 per share (“Fantex Series Professional Sports” and together with the Existing Tracking Stocks, the “Tracking Stocks”).
		

		
			 
		

		
			C.Holder desires to facilitate the offering of the Units (the “Offering”) by the Company by selling shares of the Existing Tracking Stocks held by Holder to the Company as necessary to comprise the Units to be sold in the Offering, and the Company desires to purchase such shares of Existing Tracking Stock from Holder (the “Repurchase”), upon the terms and subject to the conditions set forth in this Agreement.
		

		
			 
		

		
			AGREEMENT
		

		
			 
		

		
			NOW THEREFORE, in consideration of the mutual covenants contained herein and for other valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties agree as follows: 
		

		
			
		

		
			

		 

		

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ARTICLE I. 
		

		
			REPURCHASE OF SHARES
		

		
			 
		

		
			Section 1.01     Repurchase of Shares. Upon the terms and subject to the conditions of this Agreement, Holder agrees to sell to the Company, and the Company agrees to purchase from Holder, the number of shares of the Existing Tracking Stocks as set forth under the heading “Initial Shares to be Repurchased” on Exhibit A attached hereto (the “Initial Shares,” and together with any Additional Shares (as defined below), the “Shares”) at a price per Share (the “Purchase Price”) calculated by (i) dividing the applicable Aggregate Fair Value Included in Units (as defined below) by the Aggregate Shares Included in Units (as defined below) for each applicable Existing Tracking Stock being sold by Holder, multiplied by 0.93, rounded to the nearest three decimals. “Aggregate Fair Value Included in Units” means the aggregate fair value of the applicable Existing Tracking Stock that is included in the Units as of December 31, 2015, as set forth in the first table under the heading “Description of Capital Stock—Units” as set forth in the final prospectus relating to the Offering. “Aggregate Shares Included in Units” means the aggregate number of shares of the applicable Existing Tracking Stock that are included in the Units (without giving effect to the underwriter’s option to purchase additional Units), as set forth in the first table under the heading “Description of Capital Stock—Units” as set forth in the final prospectus relating to the Offering. For example, if the aggregate fair value of Fantex Series Vernon Davis included in the Units (without giving effect to the underwriter’s option to purchase additional Units) as set forth on the first table included in the final prospectus under the heading “Description of Capital Stock—Units” is $364,177 as of December 31, 2015, and the aggregate number of shares of Fantex Series Vernon Davis included in the Units (without giving effect to the underwriter’s option to purchase additional Units) is 93,140 as set forth in the same table, then the Purchase Price for each Share of Fantex Vernon Davis being sold by Holder would be $3.636 (i.e., $(364,177/93,140)*0.93, rounded to three decimals). 
		

		
			 
		

		
			Section 1.02    Option to Repurchase Additional Shares. If the underwriters in the Offering exercise their over-allotment option to purchase additional Units pursuant to the underwriting agreement (the “Underwriting Agreement”) relating to the Offering (the “Shoe”), Holder agrees to sell to the Company, and the Company agrees to purchase from Holder, Holder’s Pro Rata Share (as defined below) of each series of Existing Tracking Stock as set forth under the heading “Maximum Additional Shares to be Repurchased” on Exhibit A attached hereto (the “Additional Shares”) at the applicable Purchase Price per Additional Share. “Pro Rata Share” means the product obtained by multiplying (i) the number of each applicable Existing Tracking Stock set forth under the column “Maximum Additional Shares to be Repurchased” on Exhibit A attached hereto by (ii) a fraction, the numerator of which is the total number of Units being purchased by the underwriters pursuant to the Shoe, and the denominator of which is the total number of Units that the underwriters are entitled to purchase pursuant to the Shoe. For example, if the underwriters exercise the Shoe in full then Holder would sell and the Company would purchase the Maximum Additional Shares to be Repurchased. However, if the underwriters exercise only half of the Shoe then Holder would sell and the Company would purchase 50% of each applicable Existing Tracking Stock included under the Maximum Additional Shares to be Repurchased.
		

		
			
		

		
			

		 

		

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Section 1.03    Closing.  
		

		
			 
		

		
			(a)       The purchase and sale of the Shares pursuant to Section 1.01 shall be contingent upon and shall occur automatically and without any further action on the part of Holder effective immediately prior to the consummation of the Offering (the “Initial Closing”). The purchase and sale of any Additional Shares pursuant to Section 1.02 (if any) shall be contingent upon and shall occur automatically and without any further action on the part of Holder effective immediately prior to any closing pursuant to the Underwriting Agreement at which any Units are being sold pursuant to the Shoe (the “Subsequent Closing,” and together with the Initial Closing, each a “Closing”). At each Closing, the Company shall deliver to Holder the Purchase Price for the Shares being purchased and sold at such Closing, in cash, by same day wire transfer or by check. Holder hereby acknowledges and agrees that, upon the terms and subject to the conditions contained herein, as of each Closing, Holder will no longer have any right, title or interest in the Shares being purchased and sold at such Closing, and shall no longer be entitled to vote or receive dividends or be deemed Holder of such Shares for any purpose.
		

		
			 
		

		
			Section 1.04    Representations by Holder. In connection with the sale of the Shares to the Company, Holder represents and warrants to the Company as of the date hereof and as of each Closing hereunder, as follows: 
		

		
			 
		

		
			(a)       Title to the Shares. Holder is the sole owner of the Shares and has good, valid and marketable title to the Shares free and clear of all liens, charges, security interests, assessments, encumbrances, claims and restrictions of any kind including any liability to or claims of any creditor of Holder. Holder has never transferred or pledged any interest in the Shares to any person other than to the Company pursuant to this Agreement, and Holder has not granted any rights to purchase the Shares to any other person or entity. 
		

		
			 
		

		
			(b)       Authorization of Transaction. Holder has the full, absolute and unrestricted right, power and authority to sell, transfer and assign the Shares to the Company pursuant to this Agreement and to enter into this Agreement. No consent, approval or authorization of or notice to any third party is necessary in connection with the sale, purchase or delivery of the Shares and the performance by Holder of its obligations and duties hereunder does not and will not violate any agreement to which Holder is a party or by which Holder is otherwise bound. 
		

		
			 
		

		
			(c)       No Action. There are no actions, proceedings or investigations pending or, to Holder’s knowledge, threatened against or involving Holder or the Shares that question the Repurchase or would prevent the consummation thereof.
		

		
			 
		

		
			(d)       Access to Information. Holder is aware of the Company’s business affairs and financial condition and has received all information that Holder considers necessary or appropriate about the Company and the sale of the Shares to the Company to reach an informed and knowledgeable decision to sell the Shares to the Company. 
		

		
			 
		

		
			(e)       Experience. Holder hereby represents and warrants that Holder has such knowledge and experience in financial and business matters that Holder is capable of evaluating the merits and risks of selling the Shares. 
		

		
			 
		

		
			(f)       Tax Liability. Holder has not relied on any statements or representations of the Company or any of its agents for the federal, state, local and foreign tax consequences to Holder 
		

		
			
		

		
			

		 

		

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that may result from the Repurchase. Holder understands that Holder (and not the Company) shall be responsible for any tax liability of Holder that may arise as a result of the Repurchase.
		

		
			 
		

		
			(g)       Acknowledgement. Holder has entered into this Agreement based on its own knowledge, investigation and analysis and that of its advisors. Holder acknowledges that it has consulted with its own advisors (including, without limitation, legal counsel) with respect to the sale and purchase of the Shares, including any tax matters relating thereto, has relied on its own investigation of the properties, assets, financial condition and business of the Company to enable Holder to make an informed decision concerning the sale of the Shares and has not relied on any representations or advice of the Company or its representatives, or any other person, firm, corporation or stockholder in making its decision to sell the Shares. Upon consummation of the Repurchase, the Company will acquire from Holder good and marketable title to, and beneficial ownership of, the Shares free and clear of any encumbrance. Without limiting the foregoing, upon the sale of the Shares to the Company pursuant to this Agreement, Holder shall have no further rights with respect such Shares. Holder is aware that (i) the Company has sold, and may in the future sell, shares of one or more of its Existing Tracking Stocks at prices higher than the per Share price at which Holder is selling the Shares to the Company, and (ii) that the Company’s plans for the future, if successful, may result in the Company’s capital stock (including the Units and the shares of the Existing Tracking Stocks included in the Units) becoming more valuable and that the future value of the Shares could exceed the amounts Holder will receive under this Agreement, and Holder acknowledges that by selling the Shares hereunder, Holder is foregoing any future appreciation of the value of the Shares or the Units and is selling the Shares of its own free will with full understanding of the potential impact of the Company’s plans for the future. The Company has not made any representation to Holder about the advisability of this decision or the potential future value of the Shares. Holder agrees that the Company is not under any obligation to disclose to Holder any information or opinion it may have about the potential future value of the Company’s capital stock (including the Units and the shares of the Existing Tracking Stocks included in the Units), even if such information is material.
		

		
			 
		

		
			(h)       Further Assurances. Holder and the Company each agree, upon reasonable request, to execute any further documents or instruments necessary or desirable to carry out the purposes or intent of this Agreement.  
		

		
			 
		

		
			ARTICLE II. 
		

		
			MISCELLANEOUS
		

		
			 
		

		
			Section 2.01   Governing Law; Severability. This Agreement shall be governed by and construed in accordance with the laws of the State of California excluding that body of law pertaining to conflicts of law. Should any provision of this Agreement be determined by a court of law to be illegal or unenforceable, the other provisions shall nevertheless remain effective and shall remain enforceable. 
		

		
			 
		

		
			Section 2.02   Assignment; Successors and Assigns. Neither this Agreement nor any of the rights, interests or obligations under this Agreement may be assigned or delegated, in whole or in part, by operation of law or otherwise, by either party without the prior written consent of the other party, and any such assignment without such prior written consent shall be null and void. This Agreement shall be binding on the parties hereto, and their respective successors and assigns, and 
		

		
			
		

		
			

		 

		

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may not be amended, modified or supplemented in any manner, except by an instrument in writing signed on behalf of each party hereto.
		

		
			 
		

		
			Section 2.03   Entire Agreement. This Agreement sets forth the entire agreement of the parties hereto in respect of the subject matter contained herein and supersedes all prior agreements, promises, covenants, arrangements, communications, representations or warranties, whether oral or written, by any officer, employee or representative of any party hereto and any such prior agreement of the parties hereto in respect of the subject matter contained therein is hereby terminated and canceled. 
		

		
			 
		

		
			Section 2.04   Counterparts; Electronic and Facsimile Signatures. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument. This Agreement may be executed and delivered electronically (including by transmission of .pdf files) and by facsimile and, upon such delivery, such signatures will be deemed to have the same effect as if the original signature had been delivered to the other party.
		

		
			 
		

		
			Section 2.05   Indemnification. Holder agrees to indemnify and hold harmless each of the Company and its agents from and against any loss, claim, damage, liability or expense incurred by or on behalf of the Company or its agents arising out of or in connection with any breach of Holder’s representations, warranties or covenants under this Agreement.  
		

		
			 
		

		
			Section 2.06   Expenses. The Company and Holder shall each bear their own expenses and legal fees incurred in connection with this Agreement and the transactions contemplated by this Agreement. 
		

		
			 
		

		
			Section 2.07   Underwriting Discount. The Company and Holder each acknowledge and agree that the Purchase Price for the Shares to be sold hereunder includes and takes into account all underwriting discounts and commissions (the “Underwriting Discount”) to be paid to the underwriters pursuant to the Underwriting Agreement, and that the consideration to be paid to Holder at any Closing shall not be further decreased to an amount below the Purchase Price by reason of the payment of the Underwriting Discount. 
		

		
			 
		

		
			Section 2.08   Release. From and after the Repurchase, Holder, on behalf of Holder and Holder’s successors and assigns, hereby releases the Company, the Related Parties (as defined below) and any future holder of the Units or the shares of the Tracking Stocks included in the Units (together, the “Securities”) and waives any and all rights, actions, claims, liabilities, obligations, damages and causes of action whether known, suspected or unknown, whether in law or in equity which Holder may have or may claim to have against the Company, the Related Parties or any future holder of the Securities arising from or relating to the sale of the Existing Tracking Stocks to the Company under this Agreement (excluding, however, claims for breach of any of any of the Company’s express representations or obligations under this Agreement). To the extent that the foregoing waiver and release is a waiver and release to which Section 1542 of the California Civil Code or similar provisions of other applicable law applies, it is the intention of the parties that the foregoing waiver and release shall be effective as a bar to any and all actions, fees, damages, losses, claims, liabilities and demands of whatsoever character, nature and kind, known or unknown, suspected or unsuspected specified herein. In furtherance of this intention, Holder expressly 
		

		
			
		

		
			

		 

		

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waives any and all rights and benefits conferred upon Holder by the provisions of Section 1542 of the California Civil Code or similar provisions of applicable law which are as follows:
		

		
			 
		

		
			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.
		

		
			 
		

		
			Further, Holder covenants not to file any claims against the Company or commence any proceeding at law or otherwise arising out of or related in any way to the sale by Holder of the Existing Tracking Stocks to the Company, other than in relation to a claim against the Company for failure of the Company to pay the Purchase Price. 
		

		
			 
		

		
			For purposes of this Agreement, “Related Parties” shall mean (i) each entity controlled by, controlling or under common control with the Company; (ii) the past, present and future directors, officers, employees, stockholders, partners (direct or indirect), managers, members (direct or indirect), agents, attorneys, financial advisors, investment banking advisors, insurers and representatives of the Company and/or the respective entities identified or otherwise referred to in clause (i) of this sentence; and (iii) the successors and past, present and future assigns of the parties referred to in clauses (i) and (ii) of this sentence.
		

		
			 
		

		
			(Signature Page Follows)
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

		

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			IN WITNESS WHEREOF, the parties have executed and entered into this Agreement as of the Effective Date. 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						COMPANY:

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						FANTEX, INC.

				
	
					
						 

					
					
						a Delaware corporation

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						HOLDER:

				
	
					
						 

				
	
					
						 

				
	
					
						 

				
	
					
						 

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		
			

		 

		

			[Signature Page to Stock Repurchase Agreement]

		

 

 
		

		
			EXHIBIT A
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Series of Stock

					
					
						Initial Shares to be
Repurchased

					
					
						Maximum Additional
Shares to be
Repurchased

				
	
					
						Fantex Series Vernon Davis

					
					
						  ]

					
					
						  ]

				
	
					
						Fantex Series EJ Manuel

					
					
						  ]

					
					
						  ]

				
	
					
						Fantex Series Mohamed Sanu

					
					
						  ]

					
					
						  ]

				
	
					
						Fantex Series Alshon Jeffery

					
					
						  ]

					
					
						  ]

				
	
					
						Fantex Series Michael Brockers

					
					
						  ]

					
					
						  ]

				
	
					
						Fantex Series Jack Mewhort

					
					
						  ]

					
					
						  ]

				
	
					
						Total:

					
					
						  ]

					
					
						  ]Exhibit 10.1

 

FORM OF

ROFIN-SINAR
TECHNOLOGIES INC.

EXECUTIVE
TRANSITION agreement

 

AGREEMENT
made as of the 16th day of March, 2016, by and between ROFIN-SINAR TECHNOLOGIES INC. (the “Company”) and [·]
(the “Executive”).

 

RECITALS:

 

A. The Company expects
to enter into a merger agreement pursuant to which the Company would become a wholly-owned indirect subsidiary of another public
company (the “Acquirer”) in a transaction (the “Transaction”) that would constitute a Change of Control
(as defined below).

 

B. The Board of Directors
of the Company (the “Board”) recognizes that the possibility or threat of a Change in Control may lead to personal,
professional and financial uncertainties that, in turn, may result in the departure or distraction of key management personnel
of the Company and its Affiliates to the detriment of the Company and its stockholders.

 

C. The Executive has made
and is expected to continue to make substantial contributions to the management and operation of the business of the Company and/or
its Affiliates and is expected to play an essential role in the process leading to the consummation of the Transaction.

 

D. The Board has determined
that it is in the best interests of the Company and its stockholders to enter into this Agreement in order to assure
the Company of the Executive’s continuing dedication and focus notwithstanding the possibility or likelihood of a Change
in Control.

 

NOW, THEREFORE, the Company
and the Executive agree as follows:

 

1.          Definitions.
For the purposes of this Agreement, the following terms shall have the meanings ascribed to them below.

 

(a)          “Cause”
means the Executive’s (i) conviction or plea of nolo contendre to a felony; (ii) commission of fraud or a material act or
omission involving dishonesty with respect to the Company or its subsidiaries, (iii) willful and continued failure to substantially
carry out the material responsibilities of the Executive’s employment (other than a failure attributable to illness or injury)
that is not cured by the Executive within a reasonable time after notice thereof is provided by the Board to the Executive; or
(iv) gross negligence or willful misconduct in the performance of the Executive’s duties which has had or is reasonably likely
to have a material adverse effect on the Company.

 

(b)          “Change
in Control” means any of the following events:

 

(i)          the
acquisition in one or more transactions by any "Person" (as the term person is used for purposes of Section 13(d) or
14(d) of the Exchange Act) of "Beneficial Ownership" (within the meaning of Rule 13d-3 promulgated under the Exchange
Act) of forty per cent (40%) or more of the combined voting power of the Company's then outstanding voting securities (the "Voting
Securities"), provided, however, that Voting Securities acquired directly

 

     

     

    

 

from the Company by any Person
shall be excluded from the determination of such Person's Beneficial Ownership of Voting Securities (but such Voting Securities
shall be included in the calculation of the total number of Voting Securities then outstanding); or

 

(ii)         the
consummation of a merger or consolidation involving the Company if the stockholders of the Company, immediately before such merger
or consolidation, do not own, directly or indirectly immediately following such merger or consolidation, more than fifty percent
(50%) of the combined voting power of the outstanding Voting Securities of the corporation resulting from such merger or consolidation
in substantially the same proportion as their ownership of the Voting Securities immediately before such merger or consolidation;
or

 

(iii)        the
individuals who, as of the date hereof, are members of the Board (the "Incumbent Board"), cease for any reason to constitute
more than fifty percent (50%) of the Board, provided, however, that if the election, or nomination for election by the Company's
stockholders of any new director was approved by a vote of at least two-thirds of the Incumbent Board, such new director shall,
for purposes of the Plan, be considered as a member of the Incumbent Board, but excluding for this purpose, any such individual
whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election
or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a person other than
the Board; or

 

(iv)        a
complete liquidation or dissolution of the Company or the sale or other disposition of all or substantially all of the assets of
the Company.

 

Notwithstanding the foregoing,
a Change in Control shall not be deemed to occur solely because forty percent (40%) or more of the then outstanding Voting Securities
is acquired by (1) a trustee or other fiduciary holding securities under one or more employee benefit plans maintained by the Company
or any of its subsidiaries, or (2) any corporation which, immediately prior to such acquisition, is owned directly or indirectly
by the stockholders of the Company in the same proportion as their ownership of stock in the Company immediately prior to such
acquisition.

 

(c)          “Company”
means Rofin-Sinar Technologies Inc., any direct or indirect subsidiary of the Company that is the Executive’s principal employer
and, following a Change in Control, any direct or indirect successor to the business of the Company.

 

(d)          “Good
Reason” means actions or omissions by the Company or an affiliate at the time of or following a Change in Control resulting
in a material negative change in the employment relationship with the Executive which, for the purposes hereof, means, without
the advance written consent of the Executive:

 

(i)          the
assignment to the Executive of any duties materially inconsistent with the Executive’s position, authority, duties or responsibilities
as in effect immediately prior to the Change in Control, or any other material diminution in such position, authority, duties or
responsibilities;

 

(ii)         a
reduction of the Executive’s annual base salary rate below the rate in effect immediately prior to the Change in Control;

 

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(iii)        a
reduction of the bonus opportunities provided to Executive immediately prior to the Change in Control;

 

(iv)        a
failure by the Company to timely pay any compensation earned by the Executive;

 

(v)         relocation
of the Executive’s principal office by more than fifty (50) miles from the location of the Executive’s principal office
immediately prior to the Change in Control, or material increase in the Executive’s business travel requirements compared
to what was required immediately prior to the Change in Control; or

 

(vi)        the
failure or refusal by the successor or acquiring company to expressly assume the obligations of the Company under this Agreement
upon the consummation of a Change in Control.

 

Notwithstanding
the foregoing, the Executive will not have “Good Reason” to terminate his employment merely because the Executive is
no longer a senior executive of a public company and/or has a change in title, duties, authority, responsibilities or reporting
structure as a result of the Change in Control transaction (including having a reporting relationship within a larger company)
provided that the Executive retains a substantially similar level of responsibilities over the other portions and areas of the
business for which he exercised responsibility prior to the Change in Control. In order to terminate employment for Good Reason,
the Executive must, within 90 days after the occurrence of the event or condition giving rise to Good Reason, furnish written
notice to the Company indicating Executive’s intention to terminate employment for Good Reason and describing the act(s)
and/or omission(s) that the Executive deems to constitute Good Reason. The Company shall have 30 days after receipt of such notice
to review and correct the situation (and thus prevent Executive’s termination for Good Reason).

 

(e)          “Severance
Event” means a termination of the Executive’s employment with the Company and its subsidiaries (1) by the Company without
Cause, or (2) by the Executive for Good Reason, in either case occurring within one year following the date of a Change in Control.

 

2.          Change
in Control Severance Protection. If a Severance Event occurs, then the Executive will be entitled to receive any accrued and
unpaid compensation, consisting of the unpaid amount, if any, of Executive’s previously earned base salary; the unpaid amount,
if any, of the bonus earned by the Executive for the preceding year; and any vested payments and benefits accrued by the Executive
under and in accordance with the terms of any employee plan in which the Executive was a participant. In addition, subject to the
provisions hereof, including, as applicable, the release and other conditions set forth in Section 4 and the non-duplication provisions
of Section 6, the Executive will be entitled to receive the following payments and benefits:

 

(a)          a
single sum cash payment equal to the product of (i) the amount of the Executive’s target bonus opportunity, if any, for the
fiscal year in which the Executive’s employment terminates, or, if there is no target bonus opportunity for such year, the
amount of the annual bonus earned by the Executive for the preceding year, multiplied by (ii) a fraction, the numerator of which
is the number of days elapsed from the beginning of the fiscal year in which

 

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the Executive’s employment
terminates until the date of such termination, and the denominator of which is 365;

 

(b)          a
single sum cash payment equal to the greater of (i) an amount equal to [·]
times the sum of (A) the Executive’s annual rate of salary in effect on the date the Executive’s employment terminates
(or, if greater, the rate in effect immediately before the Change in Control), plus (B) the annual bonus amount described in Section
2(a)(i) above, or (ii) the aggregate amount of the severance or other separation payments the Executive would be entitled to receive
by reason of such termination of employment pursuant to the terms of any employment or other agreement by or among the Executive,
the Company and/or any affiliates of the Company and/or pursuant to the requirements of applicable law; and

 

(c)          continuing
and uninterrupted participation in the Company’s group health plan for twelve months following the date of such termination
at the same benefit and contribution levels and on the same basis as if the Executive’s employment had continued (which continuing
participation will, to the extent permitted, be deemed to be in addition to and not in lieu of statutory or other mandatory continuation
coverage that may be available), provided that, if such continuing plan participation is not permitted by the terms of the plan
and if, in lieu thereof, the Executive (and/or the Executive’s spouse or a covered dependent) becomes entitled to receive
such statutory or other mandatory continuation coverage, the Company shall pay the full cost of such coverage for up to twelve
months following the termination of the Executive’s employment (or, if earlier, until the Executive obtains corresponding
coverage under a successor employer’s plan).

 

3.          Accelerated
Vesting of Equity Awards. If a Change in Control occurs, then, immediately prior to the Change in Control, any previously unvested
outstanding stock options, stock appreciation rights, restricted stock units, shares of restricted stock and other forms of equity-based
incentive awards held by the Executive will become fully vested.

 

4.          Release
of Claims and Other Conditions; Timing of Payments. The Executive’s right to receive and retain any severance payments
or benefits pursuant to Section 2(a) – 2(c) may be conditioned upon the Executive’s delivery to the Company of a signed
release of claims (substantially in the form attached hereto as Exhibit A) and the Executive’s not revoking such release
within 60 days after the date of the Severance Event. If the Company decides to impose the release condition, it must furnish written
notification of its decision to the Executive within five days after the date of the Severance Event. Severance payments and benefits
that are subject to a release condition under this paragraph will be made on the day following the date on which the release condition
is satisfied, provided that, if the 60-day period during which the release condition may be satisfied straddles two calendar years,
payment will be made on the later of the date on which the release condition is satisfied and January 2 of the calendar year following
the calendar year in which the Severance Event occurs. If the Company does not provide the written release notice to the Executive
within five days after the date of the Severance Event, then the severance amounts and benefits payable to the Executive under
Section 2(a)–2(c) shall be paid to the Executive within ten business days after the date of the Severance Event. Notwithstanding
the foregoing, (i) the group health benefits described in Section 2(c) will begin when the Severance Event occurs and, if the release
condition applies and is not satisfied, will thereupon terminate, subject to the right of the Company to recoup premium payments
made prior to such termination; and (ii) the Executive will not be entitled to payments or benefits described in

 

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Sections 2(a) – (c)
and 3 if, at any time from the date hereof until the date of the Change in Control, the Executive fails to use Executive’s
best efforts to perform the duties and responsibilities of the Executive’s employment with the Company (including participating
positively and constructively with respect to the discussions, negotiation of and process leading up to a possible Change in Control),
all to the reasonable satisfaction of the Board.

 

5.          Golden
Parachute Tax Limitation. If, when combined with the payments and benefits the Executive is entitled to receive under any other
agreement, plan, program or arrangement of the Company, the Executive would be subject to excise tax under Section 4999 of the
Code or the Company would be denied a deduction under Section 280G of the Code, then the severance amounts otherwise payable to
the Executive under this Agreement will be reduced by the minimum amount necessary to ensure that the Executive will not be subject
to such excise tax; provided, however, that no such reduction will be made if, after the payment of income tax and such excise
tax, the Executive would be in a better economic position than would otherwise have been the case if such reduction had been made.

 

6.          Effect
of Other Agreements. Notwithstanding the provisions hereof (including, without limitation, Section 15), if the Executive is
entitled to receive separation payments or benefits pursuant to another agreement with the Company or an affiliate or pursuant
to applicable law, then the separation payments and benefits otherwise payable to the Executive under Section 2(a) – 2(c)
of this Agreement shall be reduced by any corresponding payments and benefits that the Executive receives or will receive pursuant
to such other agreement or applicable law, in order to avoid duplication.

 

7.          No
Duty to Mitigate. Except as otherwise specifically provided herein, the Executive’s entitlement to payments and benefits
hereunder is not subject to mitigation or a duty to mitigate by the Executive.

 

8.          Successors
and Assigns. The Company shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation,
or otherwise, to all or substantially all the business or assets of the Company and its subsidiaries taken as a whole, and as a
condition to any such purchase, merger, consolidation or other form of transaction, expressly and unconditionally to assume and
agree to perform or cause to be performed the Company’s obligations under this Agreement. In any such event, the term “Company,”
as used herein shall include any such successor or assignee.

 

9.          Legal
Fees to Enforce Rights after a Change in Control. If, following a Change in Control, the Company fails to comply with any of
its obligations under this Agreement or the Company takes any action to declare this Agreement void or unenforceable or institutes
any arbitration, litigation or other legal action designed to deny, diminish or to recover from the Executive the payments and
benefits intended to be provided, then the Executive shall be entitled to select and retain counsel at the expense of the Company
to represent the Executive in connection with the good faith initiation or defense of any arbitration, litigation or other legal
action, whether by or against the Company or any director, officer, stockholder or other person affiliated with the Company or
any successor thereto in any jurisdiction, in connection with the enforcement by the Executive of the Executive’s rights
hereunder.

 

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10.         Not
a Contract of Employment. This Agreement shall not be deemed to constitute a contract of employment between the Executive and
the Company. Nothing contained herein shall be deemed to give the Executive a right to be retained in the employ or other service
of the Company or to interfere with the right of the Company to terminate the Executive’s employment at any time.

 

11.         Arbitration.
Any claim or controversy arising out of or relating to this Agreement or the breach hereof shall be resolved exclusively by arbitration.
Any such arbitration will be administered in accordance with the Employment Dispute Resolution Rules of the American Arbitration
Association (“AAA”), in or near the area of Plymouth, Michigan before an experienced employment law arbitrator licensed
to practice law in that jurisdiction who has been selected in accordance with such Rules. Each party may be represented by his
or its own counsel. The arbitrator’s award will be enforceable, and a judgment may be entered thereon, in a federal or state
court of competent jurisdiction in the state where the arbitration was held. The decision of the arbitrator will be final and binding.

 

12.         Governing
Law. This Agreement shall be governed by the laws of the state of Michigan, excluding its conflict of law rules.

 

13.         Continuing
Indemnification. If the Executive is made, or threatened to be made, a party to any legal action or proceeding, whether civil
or criminal, including any governmental or regulatory proceedings or investigations, and whether commencing before or after the
termination of the Executive’s employment with the Company and its subsidiaries, by reason of the fact that the Executive
is or was an employee, officer or director of the Company or any of its subsidiaries, the Executive shall be indemnified by the
Company, and the Company shall pay the Executive's related expenses when and as incurred, all to the fullest extent permitted by
applicable law and the Company's organizational documents and as may be covered by liability insurance, to the same extent as is
applicable to other officers of the Company. The foregoing shall be in addition to any other indemnification rights which the Executive
may have at the time of the Change in Control.

 

14.         Counterparts.
This Agreement may be executed in separate counterparts, each of which will be an original and all of which taken together shall
constitute one and the same agreement, and any party hereto may execute this Agreement by signing any such counterpart.

 

15.         Tax
Withholding; Section 409A Compliance.

 

(a)          Withholding.
The payment of any amount pursuant to this Agreement shall be subject to all applicable tax withholding.

 

(b)          Section
409A. This Section 15(b) applies only if the Executive is a U.S. taxpayer for U.S. income tax purposes. It is intended that
any amounts payable to the Executive under this Agreement will be exempt from the provisions of Section 409A of the Internal Revenue
Code of 1986 and the regulations issued thereunder (“Section 409A”). Nevertheless, if and to the extent that a payment
under the Agreement is deemed to be subject to Section 409A (a “Covered Payment”), then, for the purposes of the Agreement
and Section 409A:

 

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(i)          Each
Covered Payment will be treated as a separate payment under Section 409A.

 

(ii)         The
term “termination of employment” or words of like import shall be deemed to mean a “separation from service”
within the meaning of Section 409A.

 

(iii)        If
the Executive is treated as a “specified employee” within the meaning of Section 409A at the time of the termination
of the Executive’s employment, then any Covered Payment that would otherwise be due within six months after such termination
of employment will be delayed until the first business day of the seventh month following the date of termination or, if earlier,
the date of the Executive’s death, to the extent such delay is required by Section 409A. On the delayed payment date, the
Executive (or, if applicable, the deceased Executive’s estate) will receive a catch-up payment equal to the aggregate amount
of the Covered Payments that were delayed pursuant to the preceding sentence.

 

(iv)        Notwithstanding
the foregoing, the Executive shall be solely responsible for, and the Company shall have no liability for or with respect to any
taxes, acceleration of taxes, interest or penalties arising under Section 409A.

 

16.         Entire
Agreement; Termination. This Agreement contains the entire understanding between the parties hereto with respect to the subject
matter hereof and supersedes any prior and/or contemporaneous understandings, agreements or representations, written or oral, relating
to the subject matter hereof. This Agreement may be amended only by a written instrument signed by both parties.

 

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IN WITNESS WHEREOF, the
parties have executed this Agreement as of the date first above written.

 

	 	ROFIN-SINAR TECHNOLOGIES INC.
	 	 
	 	By:	 
	 	 
	 	 
	 	[·]

 

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exhibit a

RELEASE
AGREEMENT

 

This Release Agreement
(“Agreement”) is made as of ● by and between ● (“Executive”) and ROFIN-SINAR TECHNOLOGIES INC.
(the “Company”). Capitalized terms used but not defined herein shall have the meanings ascribed to them by the Change
in Control Agreement made by and between the Company and the Executive as of the 16th day of March, 2016 (the “Change in
Control Agreement”).

 

1.          This
will confirm that a Severance Event has occurred. In accordance with the Change in Control Agreement, the Company has timely notified
the Executive that the Executive’s right to receive and retain certain severance payments and benefits under Section 2 of
the Change in Control Agreement is conditioned upon the timely receipt by the Company of a release by the Executive which is no
longer subject to revocation. Accordingly, in consideration of the severance payments and benefits under the Change in Control
Agreement and other good and valuable consideration, Executive for himself/herself and for the executors and administrators of
the Executive’s estate, and the Executive’s heirs, successors and assigns, hereby releases and forever discharges the
Company and its officers, directors, employees and stockholders from any and all claims, actions, causes of action, suits, sums
of money, debts, dues, accounts, reckonings, bonds, bills, covenants, contracts, controversies, agreements, promises, demands or
damages of any nature whatsoever or by reason of any matter, cause or thing regardless of whether known or unknown at present,
which against the Company or any of its officers, directors, employees or stockholders Executive ever had, now has or may have
arising out of or relating to the Executive’s employment with the Company or the termination of such employment occurring
or existing at any time prior to and including the date of this Release (collectively defined herein as “Claims”).
This Release includes, but is not limited to, all Claims the Executive might have under Title VII of the Civil Rights Act of 1964,
as amended, 42 U.S.C. §§2000e, et. seq.; 42 U.S.C. §§1981, et. seq.; the Americans with Disabilities
Act, 29 U.S.C. §§2000e, et. seq.; the Age Discrimination in Employment Act; the Older Workers Benefits Protection
Act; the federal Family and Medical Leave Act; Section 451 et. seq.; similar Michigan or other laws, and any and all statutory
and common law causes of action for defamation; slander; slander per se; defamation per se; false light; tortious
interference with prospective business relationships; assault; sexual assault; battery; sexual harassment; sexual discrimination;
hostile work environment; discrimination; retaliation; workers’ compensation retaliation; wrongful termination; intentional
infliction of emotional distress; breach of a duty or obligation of any kind or description, including any implied covenant of
good faith and fair dealing; and for breach of contract or any tort whatsoever, as well as any expenses or attorney’s fees
associated with such Claims. The parties acknowledge that this Release does not either affect the rights and responsibilities of
the Equal Employment Opportunity Commission to enforce the Age Discrimination in Employment Act, or justify interfering with the
protected right of an employee to file a charge or participate in an investigation or proceeding conducted by the Equal Employment
Opportunity Commission under the Age Discrimination in Employment Act. In the event the Equal Employment Opportunity Commission
commences a proceeding against the Company in which Executive is a named party, the Executive agrees to waive and forego any monetary
claims which may be alleged by the Equal Employment Opportunity Commission to be owed to Executive. Notwithstanding the foregoing,
nothing in the provisions of this Release shall act as a release by the Executive of any Claims against the Company with respect
to (i) any amounts or benefits to which the Executive may become entitled to receive under the Change in

 

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Control Agreement, (ii) any
right the Executive may have to indemnification under the terms of the Change in Control Agreement or under the terms of any other
applicable indemnification agreement, the organizational documents of the Company, the terms of any insurance policy, the terms
of any Company indemnification policy, the terms of applicable law or otherwise, (iii) the Executive’s rights under and in
accordance with the terms of any employee benefit plan in which Executive participates, and (iii) any Claims arising with respect
to acts, events or occurrences taking place after the date of this Release.

 

2.          Executive
has been advised to consult with an attorney prior to executing this Agreement. By executing this Agreement, Executive acknowledges
that (a) Executive has been provided with an opportunity to consult with an attorney or other advisor of his/her choice regarding
the terms of this Agreement, (b) this is a final offer and Executive has been given [21 or 45, as applicable] days in which
to consider whether Executive wishes to enter into this Agreement, (c) Executive has elected to enter into this Agreement knowingly
and voluntarily and (d) if Executive does so within fewer than [21]/[45] days from receipt of the final document the Executive
has knowingly and voluntarily waived the remaining time. This Agreement shall be fully effective and binding upon all parties hereto
immediately upon execution of this Agreement except as to rights or claims arising under the ADEA, in which case Executive has
7 days following execution of this Agreement to change his/her mind.

 

	 	 
	 	Executive
	 	 
	 	NAME OF COMPANY
	 	 
	 	By:	 
	 	Title:	 

 

    - 2 -

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