Document:

Subordinated Promissory Note dated July 16, 2004

 Exhibit 10.1 
  
 EXECUTION VERSION 
  
 SUBORDINATED PROMISSORY NOTE 
  

			
	$50,000,000	 	July 16, 2004

  
 FOR VALUE
RECEIVED, the undersigned, NEWPORT CORPORATION (“Maker”), promises to pay to the order of THERMO ELECTRON CORPORATION (“Holder”) at the offices of the Holder located at 81 Wyman Street, Waltham, Massachusetts
02451, or at such other place as the Holder may designate in writing to the Maker, in lawful money of the United States of America, and in immediately available funds, the principal sum of FIFTY MILLION AND NO/100 DOLLARS ($50,000,000) together with
interest, compounded quarterly, on the principal balance from time to time outstanding hereunder from the date hereof until paid in full at a per annum rate equal to five percent (5.00%), accrued on an actual days elapsed/360 day basis. 

 
 This Subordinated Promissory Note is issued by the Maker pursuant to
Section 2.1 of that certain Stock Purchase Agreement dated May 28, 2004 by and among Maker, Birch Nantucket Holding Company, LLC, a Delaware limited liability company, Holder, Spectra-Physics, Inc., a Delaware corporation, Life Sciences
International Inc., a Pennsylvania corporation, and Life Sciences International Limited, a company organized under the laws of England and Wales (the “Stock Purchase Agreement”). Capitalized terms used herein and not otherwise defined
herein shall have the meaning ascribed to such terms in the Stock Purchase Agreement. 
  
 The principal balance and all accrued and unpaid interest shall be payable in full on July 15, 2009. Accrued interest shall be due and payable in quarterly payments commencing on October 15, 2004 with the last
interest payment being due and payable on July 15, 2009. Unless prohibited by the subordination provisions hereof, Maker may at its option, prepay all or part of this Note without penalty. 
  
 In no event shall the amount of interest due or payable under this Note
exceed the maximum rate of interest allowed by applicable law and, in the event any such payment is inadvertently paid by the Maker or inadvertently received by the Holder, then such excess sum shall be credited as a payment of principal, unless the
Maker shall notify the Holder in writing that the Maker elects to have such excess sum returned to it forthwith. It is the express intent of the parties hereto that the Maker not pay and the Holder not receive, directly or indirectly, in any manner
whatsoever, interest in excess of that which may be lawfully paid by the Maker under applicable law. 
  
 Each of the following events shall constitute an “Event of Default” under this Note: (i) failure of the Maker to pay any principal, interest or
other amount due hereunder when due, which failure is not cured within 10 days of written notice, (ii) failure of the Maker to comply with the other terms, covenants or conditions contained in this Note, which failure is not cured within 20 days of
written notice; (iii) the Maker shall (a) commence a voluntary case under the Bankruptcy Code of 1978, as amended or other federal bankruptcy law (as now or hereafter in effect); (b) file a petition seeking to take advantage of any other laws,
domestic or foreign, relating to bankruptcy, insolvency, reorganization, winding up or composition for adjustment of debts; (c) consent to or fail to contest in a timely and appropriate manner, the appointment of, or the taking of possession by, a
receiver, custodian, trustee, or liquidator of itself or of a substantial part of its property, domestic or foreign; (e) admit in writing its inability to pay its debts generally as they become due; (f) make a general assignment for the benefit of
creditors; or (g) make a conveyance of a significant amount of assets 

 which is fraudulent as to creditors under any state or federal law; (iv) a case or other proceeding shall be commenced
against the Maker in any court of competent jurisdiction seeking (a) relief under the Bankruptcy Code of 1978, as amended or other federal bankruptcy law (as now or hereafter in effect) or under any other laws, domestic or foreign, relating to
bankruptcy, insolvency, reorganization, winding up or adjustment of debts or (b) the appointment of a trustee, receiver, custodian, liquidator or the like for the Maker or all or any substantial part of the assets, domestic or foreign, of the Maker
and such case or other proceeding continues for 60 days without being dismissed, bonded, stayed or discharged; or (v) the Maker shall experience a “Change of Control” as that term is defined below. 
  
 Upon the occurrence of an Event of Default described in clause (i), (ii) or
(v) of the definition thereof, all unpaid principal and accrued interest under this Note, at the option of the Holder, and upon demand and written notice, may be immediately declared, and thereupon shall immediately become in default and due and
payable and the Holder may exercise any and all rights and remedies available to it at law, in equity or otherwise. Upon the occurrence of an Event of Default described in clauses (iii) or (iv) of the definition thereof, all unpaid principal and
accrued interest under this Note, without demand or notice of any kind, shall immediately become in default and due and payable and the Holder may exercise any and all rights and remedies available to it at law, in equity or otherwise. 

 
 Every amount overdue under this Note shall bear interest from and after
the date on which such amount first became overdue at an annual rate which is two and one half (2 1/2) percentage
points above the rate per year specified in the first paragraph of this Note (the “Default Rate”). Such interest on overdue amounts under this Note shall be payable on demand and shall accrue and be compounded monthly until the obligation
of the Maker with respect to the payment of such interest has been discharged (whether before or after judgment). 
  
 All payments by the Maker under this Note shall be free and clear and without any deduction or withholding for any taxes or fees of any nature whatever,
unless the obligation to make such deduction or withholding is imposed by law. The Maker shall pay and save the Holder harmless from all liabilities with respect to or resulting from any delay or omission to make any such deduction or withholding
required by law. 
  
 The payment of the principal amount of this
Note, shall be and, accordingly, such payment is subject to set-off and reduction in the manner and to the extent provided in Section 12.7 of the Stock Purchase Agreement (the “Set-Off Rights”). The exercise by Maker of the Set-Off Rights
shall not constitute a failure to pay the principal of this Note nor shall it constitute an Event of Default as defined in this Note. Additionally, in the event that Holder disputes any exercise by Maker of such Set-Off Rights and it is ultimately
determined by a final non-appealable judgment of a court of competent jurisdiction that Maker was not entitled in any such instance to exercise those Set-Off Rights or the amount set off pursuant thereto was excessive (any such amounts hereinafter
being referred to as the “Improper Set-Off Amount’), then such exercise of such Set-Off Rights shall not constitute an Event of Default hereunder or trigger the Default Rate; provided, however, that in any such event Maker
shall, (i) immediately reinstate the Improper Set-Off Amount as principal outstanding under the Note, and (ii) within ten (10) days of the date Maker is notified, in writing, of such determination, pay to Holder (a) interest on the Improper Set-Off
Amount, at the rate specified in the first paragraph of this Note, from the date such payment of principal was set off, compounded quarterly, and (b) reimburse Holder for the reasonable attorneys fees incurred by Holder in establishing that Maker
was not so entitled. On the other hand, if Holder disputes any exercise by Maker of such Set-Off Rights and it is determined by a final non-appealable judgment of a court of 

 competent jurisdiction that the Maker had been entitled to exercise such Set-Off Rights, then, within ten (10) days of
the date Holder is notified, in writing, of such determination, Holder shall reimburse Maker for its reasonable attorneys fees incurred by it in establishing that it was entitled to exercise such Set-Off Rights. Pursuant to Section 12.7 of the Stock
Purchase Agreement, the Set-Off Rights shall expire on the later of (i) the second (2nd) anniversary of the date of
this Note (the “Second Anniversary Date”) or (ii) to the extent that prior to the Second Anniversary Date Maker shall have made claims for indemnification under the Stock Purchase Agreement which claims shall remain unresolved on such
Second Anniversary Date, the day following the date on which all such indemnification claims shall have been resolved. 
  
 Subject to the immediately preceding paragraph, the Maker agrees to pay on demand all costs of collection, including reasonable attorneys’ fees,
incurred by the Holder in enforcing the obligations of the Maker under this Note. 
  
 No delay or omission on the part of the Holder in exercising any right under this Note shall operate as a waiver of such right or of any other right of the Holder, nor shall any delay, omission or waiver on any one
occasion be deemed a bar to or waiver of the same or any other right on any future occasion. The Maker and every indorser or guarantor of this Note regardless of the time, order or place of signing waives presentment, demand, protest and notices of
every kind and assents to any extension or postponement of the time of payment or any other indulgence, and to the addition or release of any other party or person primarily or secondarily liable. 
  
 All references in this Note to the “subordination provisions of this
Note” shall mean each and every provision set forth below. 
  
 Anything in this Note to the contrary notwithstanding, the indebtedness evidenced by this Note shall be subordinate and junior in right of payment, to the extent and in the manner hereinafter set forth, to the prior payment in full in cash
of any and all Senior Debt (as herein defined) now existing or hereafter arising. As used in this Note: 
  
 “Change of Control” shall mean the occurrence of any of the following events: (i) the approval by shareholders of the Maker of a
merger or consolidation of the Maker with any other corporation or entity, other than a merger or consolidation which would result in the voting securities of the Maker outstanding immediately prior thereto continuing to represent (either by
remaining outstanding or by being converted into voting securities of the surviving entity) more than fifty percent (50%) of the total voting power represented by the voting securities of the Maker or such surviving entity outstanding immediately
after such merger or consolidation; (ii) the approval by the shareholders of the Maker of a plan of complete liquidation of the Maker or an agreement for the sale or disposition by the Maker of all or substantially all of the Maker’s assets; or
(iii) the acquisition by any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) of securities of the Maker representing more than 50% of the total voting power represented by the
Maker’s then outstanding voting securities. 
  
 “Indebtedness” means any and all liabilities or obligations of Maker or for which Maker is or may become, directly or indirectly, liable (i) for or in respect of money borrowed by Maker from any person, whether or not engaged in
the business of lending money, and however the same may be evidenced, whether by bonds, debentures, notes or other similar instruments or agreements, (ii) arising under or in connection with bankers’ acceptances, 

 letters of credit or similar obligations, however evidenced, and (iii) guarantees by Maker of any of the
types of liabilities or obligations described in clauses (i) and (ii) of this paragraph, of or incurred by any wholly or majority-owned subsidiary of Maker. 
  
 “Permitted Junior Securities” means shares of Maker’s capital stock or debt securities that are unsecured and are
subordinated to all Senior Debt (and any debt securities issued in exchange for Senior Debt) to substantially the same extent as, or to a greater extent than, this Note is subordinated to the Senior Debt hereunder. 
  
 “Senior Debt” means the principal amount of,
premium, if any, and interest and any other charges for the use of or for the time value of money, and all fees, costs, expenses and other amounts or charges that are or become accrued or due or payable, on or in connection with any Indebtedness (as
hereinafter defined) of Maker that is expressly designated by the Maker as senior to this Note, and, (i) for items of Indebtedness within the meaning of clauses (i) and (ii) of the definition of Indebtedness which is at least $5,000,000 in principal
amount payable to any one lender or syndicated group of lenders or (ii) for items of Indebtedness within the meaning of clause (iii) of the definition of Indebtedness involving in excess of $2,500,000 of liabilities, whether outstanding on the date
of this Note or hereafter created, incurred or assumed, whether secured or unsecured, and however the same may be evidenced (including any and all deferrals, renewals, extensions or refundings of, or amendments, modifications or supplements to, the
foregoing); provided, however, that the amount of principal of Senior Debt shall not exceed fifty million dollars ($50,000,000) (the “Senior Debt Cap”). 
  
 “Senior Lenders” means, individually and collectively, any holder or holders from time to time of
any Senior Debt. 
  
 For so long as any Senior Debt is outstanding
or any commitment is in existence to advance or create Senior Debt, no payment shall be made by Maker, directly or indirectly, in respect of the principal of, or interest or premium on, or otherwise owing in respect of this Note, other than (i)
payments of interest and principal in accordance with the terms herein, and (ii) prepayments of principal and interest provided that (A) any such prepayment does not result in an event of default under any Senior Debt and (B) the terms of any Senior
Debt do not otherwise prohibit any such prepayment. In the event that, notwithstanding the provisions of this paragraph, Maker shall make any payment on account of the principal of or interest on, or amounts otherwise owing in respect of, this Note
(other than payments of interest and principal in accordance with the terms of this paragraph) while any Senior Debt has not been paid in full or while a commitment is in existence to advance or create any Senior Debt, such payment shall be
segregated from other funds and property of Holder and held by Holder, in trust for the benefit of, and shall be immediately paid over and delivered to, the Senior Lenders (with any necessary endorsement) for application pro rata to the payment of
all Senior Debt remaining unpaid to the extent necessary to pay all Senior Debt or held as collateral in the case of non-cash property for the payment of the Senior Debt and Holder acknowledges that Holder holds such funds and property for the
benefit of the Senior Lenders. 
  
 Notwithstanding anything to the
contrary contained in this Note, Maker may and will make, and Holder may and will receive and retain for its own account, regularly scheduled payments of principal and accrued interest as and when such payments of principal and interest are due on
this Note, unless, at least five (5) business days prior to the date upon which any such payment would otherwise become due, the Holder shall have received written notice as provided for below. Each of 

 Maker and Holder shall maintain records with respect to any payments of principal and interest. Maker shall have no right
to make, and Holder shall cease to have the right to receive and retain, any payments of principal and interest and any such payments received by Holder shall be held in trust and paid over and delivered to the Senior Lenders in accordance with the
provisions hereinabove, if (i) immediately prior to Holder’s receipt of such payment, any default in the payment of any Senior Debt when the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration
or otherwise, has occurred and is continuing and Holder has received, at least five (5) business days prior thereto, written notice of such default from a Senior Lender (a “Payment Default”), unless and until such Payment Default has been
cured or waived or has ceased to exist, or (ii) immediately prior to Holder’s receipt of such payment, a default under the Senior Debt other than a Payment Default (a “Non-Payment Default”) has occurred or will occur as a result of
making such payment, and Holder receives written notice, at least five (5) business days prior thereto, of such default from a Senior Lender (a “Payment Blockage Notice”), unless and until such Non-Payment Default has been cured or waived
or has ceased to exist, or 90 days after the date of receipt of such Payment Blockage Notice (or such earlier date as agreed upon by a Senior Lender), whichever occurs first (the “Payment Blockage Period”). In no event will a Payment
Blockage Period extend more than 90 days from the date of the Payment Blockage Notice, and no more than two Payment Blockage Periods may be commenced for any reason during any period of 360 consecutive days. For all purposes of this Note, no
Non-Payment Default which existed on the date of commencement of any Payment Blockage Period (whether or not such Non-Payment Default is specified in the Payment Blockage Notice) shall be, or shall be made, the basis for commencement of any
subsequent Payment Blockage Period, whether or not within a period of 360 consecutive days. Maker may and shall resume regularly scheduled payments of principal and accrued interest on this Note and shall immediately pay to Holder any amounts due
hereunder that were previously suspended or blocked pursuant to this paragraph, (i) in the case of a Payment Default, upon the date upon which the Payment Default has been cured or waived or has ceased to exist, and (ii) in the case of a Non-Payment
Default, upon the end date of the Payment Blockage Period as set forth hereinabove. 
  
 If there shall occur any receivership, insolvency, assignment for the benefit of creditors, bankruptcy (voluntary or involuntary), reorganization, or arrangements with creditors (whether or not pursuant to bankruptcy
or other insolvency laws), sale of all or substantially all of the assets, dissolution, liquidation, or any other marshaling of the assets and liabilities of the Maker (any of the foregoing, a “Liquidation Event”), (i) the Senior Lenders
shall be entitled to receive payment in full in cash of all Senior Debt before the Holder shall be entitled to receive any payment or distribution, whether in cash, securities or other property, in respect of the principal of, interest on or other
amounts due with respect to this Note (except that Holder may, at its option, receive Permitted Junior Securities), (ii) any payment or distribution, whether in cash, securities or other property, which would otherwise (but for this paragraph) be
payable or deliverable in respect of the amounts due under this Note shall be paid or delivered directly to the Senior Lenders (ratably according to the aggregate amounts remaining unpaid on account of the Senior Debt held by each such Senior
Lenders) or to a trustee or other representative for the Senior Lenders, (iii) the Holder agrees to hold for the account of the Senior Lenders any and all payments and distributions received by the Holder which may be payable or deliverable upon or
with respect to this Note and to file appropriate claims or proofs of claim in respect of this Note and (iv) the Senior Lenders are hereby irrevocably authorized and empowered (in their name or in the name of the Holder or otherwise) to take any of
the actions described in clause (iii) above upon the failure of the Holder to take any such actions within fifteen days prior to the required date to take such actions. 

 Any payment or distribution, whether in cash, securities or other property, received by the Holder in
contravention of any of the subordination provisions of this Note shall be received and held by the Holder in trust as trustee for the benefit of the Senior Lenders and shall be promptly turned over the Senior Lenders (pro rata in
accordance with the Senior Debt held by them or as they may otherwise direct if there is more than one Senior Lenders) for application to the payment of Senior Debt. 
  
 Holder agrees that, so long as any of the Senior Debt is outstanding or any commitment to advance or create Senior Debt
exists, it shall give the Senior Lenders ten (10) days prior written notice of the exercise of any rights or remedies in respect of this Note (other than in the case of an automatic acceleration of the maturity of this Note resulting from an
“Event of Default” as described in clauses (iii) and (iv) of the definition thereof) including without limitation any action to enforce, take or receive, or setoff any amounts owing in respect of this Note, including the acceleration of
the maturity of this Note resulting from an “Event of Default” (as described in clauses (i), (ii) or (v) of the definition thereof in this Note) and the commencement or joining with any creditor other than the Senior Lenders in the
commencement of any proceeding. 
  
 Maker shall provide Holder
with copies of all agreements defining the rights of each Senior Lender under any Senior Debt within ten (10) days of executing such documents. 
  
 Maker shall, promptly after the issuance thereof, deliver to Holder copies of all reports, notices or statements required to be sent by Maker and/or its
subsidiaries to the holders of Senior Debt, and such other information regarding Maker’s business, operations and financial condition as Holder may from time to time reasonably request, subject to Holder’s execution of a confidentiality
agreement reasonably acceptable to Maker. 
  
 Maker shall notify
Holder in writing promptly upon Maker becoming aware of any default or event, condition or occurrence which with notice or lapse of time, or both, would constitute an Event of Default under this Note or an event of default under any Senior Debt.

  
 The subordination rights of the Senior Lenders, and the
obligations of the Holder under this Note, shall be effective and binding upon any modification, extension, or replacement of or for this Note. The subordination terms and provisions of this Note may not be amended or modified without the written
consent of any Senior Lender that is adversely affected by such amendment or modification. 
  
 Upon the indefeasible payment in full in cash of all Senior Debt, the Holder shall be subrogated to the rights of the Senior Lenders (to the extent of payments or distributions previously made by the Holder to the
Senior Lenders pursuant to the subordination provisions of this Note) to receive payments or distributions of assets of the Maker applicable to the Senior Debt until this Note shall be repaid in full in cash. No payments or distributions by the
Holder to the Senior Lenders of any cash, property or securities, and no payments or distributions of any cash, property or securities to which the Holder would be entitled, but for the subordination provisions of this Note, shall, as between the
Maker, its creditors other than the Senior Lenders and the Holder, be deemed to be a payment by the Maker to or for the account of the Senior Lenders, and no payments or distributions applicable to Senior Debt which the Holder receives by reason of
its being subrogated to the rights of the Senior Lenders pursuant to the provisions of this paragraph shall, as between the Maker, its creditors other than the Senior Lenders and the Holder, be deemed to be a payment by the Maker to or for the
account of the Holder; it being understood that the provisions of this Note relating to 

 subordination are intended solely for the purpose of defining the relative rights of the Holder, on the one hand, and the
Senior Lenders, on the other hand. In each case subject to the rights of the Senior Lenders under this Note, nothing contained in this Note is intended to or shall affect the relative rights of the Holder and creditors of the Maker other than the
Senior Lenders. 
  
 The Holder, by its acceptance of this Note,
shall be deemed to acknowledge and agree that the foregoing subordination provisions are, and are intended to be, an inducement to and a consideration of each Senior Lender, whether the Senior Debt held by such Senior Lender was created or acquired
before or after the creation of the indebtedness evidenced by this Note and whether such Senior Lender is now known or hereafter becomes known, and each Senior Lender shall be deemed conclusively to have relied on such subordination provisions in
acquiring and holding, or in continuing to hold, such Senior Debt and shall be entitled to enforce the provisions of this Note directly as if it were a party to this Note. 
  
 The provisions of this Note shall continue to be effective or be reinstated, as the case may be, if at any time any payment
in respect of Senior Debt is rescinded or must otherwise be returned by the Senior Lenders in the event of a Liquidation Event, all as though such payment has not been made. Without limitation to the foregoing, in the event that any Senior Debt is
avoided, disallowed or subordinated pursuant to Section 548 of the United States Bankruptcy Code or any applicable state fraudulent conveyance laws, whether asserted directly or under Section 544 of the United States Bankruptcy Code, the
indebtedness evidenced by this Note shall, notwithstanding such avoidance, disallowance or subordination, be subordinate to Senior Debt to the extent and in the manner herein. 
  
 The subordination effected by the subordination provisions of this Note is a continuing subordination, and the Holder hereby
agrees that at any time and from time to time, without notice to it: (a) the time, manner or place of payment or performance of or compliance with any of the Maker’s agreements contained in any agreement governing or evidencing Senior Debt (or
any guarantor of the Maker’s obligations agreements in respect thereof) may be extended or such payment, performance or compliance may be waived by the applicable Senior Lenders or such Senior Lender may consent to departure from any of the
terms thereof; (b) any agreement governing or evidencing Senior Debt may be amended for the purpose of adding any provisions thereto or increasing the amount of, or changing the terms of, the Senior Debt or changing in any manner the rights of any
Senior Lender, the Maker or any guarantor of the Maker’s obligations thereunder; provided, however, that the amount of Senior Debt shall not exceed the Senior Debt Cap; (c) payment of any Senior Debt or any portion thereof may be
extended; (d) the maturity of the Senior Debt may be accelerated; and (e) any collateral security therefor may be exchanged, sold, surrendered, released or otherwise dealt with by the Senior Lenders and any Senior Lender may elect or fail to perfect
any lien or security interest securing Senior Debt; all without impairing or affecting the subordination provisions of this Note or the obligations of the Holder in respect thereof. The Holder hereby unconditionally waives notice of the incurring of
Senior Debt or any part thereof and reliance by any Senior Lender upon the subordination of this Note to Senior Debt. 
  
 Time is of the essence of this Note. 
  
 This Note may not be assigned by the Maker without the prior written consent of the Holder or by the Holder in amounts of less than $5,000,000 without the
express written consent of the Maker, 

 THE MAKER, AND THE HOLDER BY ACCEPTING THIS NOTE, HEREBY AGREE THAT THE UNITED STATES DISTRICT COURT FOR
THE STATE OF NEW YORK, ANY STATE COURT LOCATED IN MANHATTAN COUNTY, NEW YORK, AND ANY APPELLATE COURT THEREOF SHALL HAVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN THE MAKER AND THE HOLDER PERTAINING DIRECTLY OR INDIRECTLY TO
THIS NOTE. THE HOLDER AND THE MAKER EXPRESSLY SUBMIT AND CONSENT IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR PROCEEDING COMMENCED IN SUCH COURTS. IF THE MAKER FAILS WITHIN THIRTY DAYS TO APPEAR OR ANSWER ANY SUMMONS, COMPLAINT, PROCESS OR
PAPERS PROPERLY SERVED UPON THE MAKER, THE MAKER SHALL BE DEEMED IN DEFAULT AND AN ORDER AND/OR JUDGMENT MAY BE ENTERED AGAINST IT AS PRAYED FOR IN SUCH SUMMONS, COMPLAINT, PROCESS OR PAPERS. THE CHOICE OF FORUM SET FORTH IN THIS PARAGRAPH SHALL NOT
BE DEEMED TO PRECLUDE THE BRINGING OF ANY ACTION BY THE HOLDER OR THE ENFORCEMENT BY THE HOLDER OF ANY JUDGMENT OBTAINED IN SUCH FORUM IN ANY OTHER APPROPRIATE JURISDICTION. 
  
 THE MAKER AGREES THAT ALL OF ITS PAYMENT OBLIGATIONS HEREUNDER SHALL BE ABSOLUTE AND UNCONDITIONAL WITHOUT RIGHT OF OFFSET
OF ANY KIND, EXCEPT AS EXPRESSLY PERMITTED HEREUNDER. 
  
 THE
FOREGOING WAIVERS HAVE BEEN MADE WITH THE ADVICE OF COUNSEL AND WITH A FULL UNDERSTANDING OF THE LEGAL CONSEQUENCES THEREOF. 
  
 All amendments to this Note, and any waiver or consent of the Holder, must be in writing and signed by the Holder and the Maker. 
  
 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF. 
  
 This Note shall be binding upon any permitted successors and permitted assigns of the Maker and Holder. 
  
 Any notice to be given hereunder shall be in writing, shall be sent to the Holder’s address as specified in the first paragraph hereof or the
Maker’s addresses set forth below its signature hereto, as the case may be, and shall be deemed received (i) on the earlier of the date of receipt or the date three business days after deposit of such notice in the United States mail, if sent
postage prepaid, certified mail, return receipt requested or (ii) when actually received, if delivered by hand, overnight courier service, or if sent by facsimile, graphic scanning or other telegraphic communications equipment. 
  
 The terms and conditions set forth herein shall inure to the benefit of any
holder of Senior Debt. 

 EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO
INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO
THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN
THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (II) EACH SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (III) EACH SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (IV) EACH SUCH PARTY HAS BEEN INDUCED TO
ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE WAIVERS AND CERTIFICATIONS IN THIS PARAGRAPH. 
  
 IN WITNESS WHEREOF, the Maker has executed and delivered this Promissory Note as of the date and year first written above. 
  

			
	 NEWPORT CORPORATION

		
	 By:
	 	 /s/ Robert G. Deuster

	 	 	 Name: Robert G. Deuster

	 	 	 Title: Chief Executive Officer

	
	 Address for Notices:

	
	 Newport Corporation

	 1791 Deere Avenue

	 Irvine, CA 92606

  
 Holder joins in the execution of
this Note for the sole purpose of confirming its agreement to be bound by the covenants and agreements on its part to be performed under this Note and for no other purpose and in no other capacity whatsoever. Without limiting the generality of the
foregoing, Maker and any other party ever liable on, and each subsequent owner and holder of, this Note acknowledges and agrees that under no circumstances and in no instance shall Holder’s joinder herein be deemed or construed to constitute
Holder to be a co-maker, endorser or surety of, or otherwise liable for payment of all or any part of the indebtedness evidenced by, or otherwise payable by Maker under, this Note. 
  

			
	 THERMO ELECTRON CORPORATION

		
	 By:
	 	 /s/ Kenneth J. Apicerno

	 	 	 Name: Kenneth J. Apicerno

	 	 	 Title: TreasurerStockholder Agreement dated July 16, 2004

 Exhibit 10.2 
  
 EXECUTION VERSION 
  
 STOCKHOLDER AGREEMENT 
  
 THIS STOCKHOLDER AGREEMENT (this “Agreement”) is made and entered into as of July 16, 2004 by and between Newport Corporation, a Nevada
corporation (“Newport”), and Thermo Electron Corporation, a Delaware corporation (“TEC”). 
  
 A. Newport and TEC have entered into a Stock Purchase Agreement dated May 28, 2004 (the “Stock Purchase Agreement”) under which Sellers have
agreed, upon the terms and subject to the conditions set forth in the Stock Purchase Agreement, to sell all of the stock of the Companies and the Subsidiaries (as defined therein) to Newport or its Affiliates (the “Transaction”).

  
 B. Pursuant to the Stock Purchase Agreement, TEC will become
the beneficial owner of Registrable Securities (defined below). Newport and TEC desire that Newport grant TEC certain registration rights regarding the Registrable Securities in order to facilitate TEC’s ability to liquidate those securities.

  
 C. As an inducement and condition to entering into the Stock
Purchase Agreement, Newport has agreed that TEC will be entitled to the registration rights as set forth in this Agreement, and TEC has agreed to certain covenants as set forth herein. 
  
 ACCORDINGLY, THE PARTIES AGREE AS FOLLOWS: 
  
 ARTICLE I. DEFINITIONS 
  
 For purposes of this Agreement, these terms have these meanings: 
  

“Business Day” means any Monday, Tuesday, Wednesday, Thursday or Friday that is not a day on which banking institutions in the City of New
York are authorized by law, regulation or executive order to close. 
  
 “Closing Date” means the date of the closing of the Transaction. 
  
 “Common Stock” means the common stock, $0.1167 par value per share, of Newport. 
  
 “Delay Notice” has the meaning set forth in Article III, Section 6(b). 
  
 “Exchange Act” means the Securities Exchange Act of 1934, as amended or any successor federal statute, and the
rules and regulations thereunder, as the same are in effect from time to time. 
  
 “Holder” means TEC and any permitted assignee of all or any of TEC’s registration rights under this Agreement. 
  
 “Material Development Condition” has the meaning set forth in Article III, Section 6(b). 
  
 “Other Holders” has the meaning set forth in Article III, Section
4. 
  
 “Person” means an individual or entity.

 “Prospectus” means the prospectus included in any Registration Statement, as amended or
supplemented. 
  
 “Registrable Securities” means the
Common Stock issued to TEC in the Transaction and any other securities later issued, as a result of or in connection with any stock dividend, stock split or reverse stock split, combination, recapitalization, reclassification, merger, consolidation,
exchange or distribution in respect of the Common Stock issued to TEC in the Transaction, but only so long as such Common Stock or other securities are held by TEC or another Holder. 
  
 “Registration Expenses” has the meaning set forth in Article III, Section 7. 
  
 “Registration Statement” means any registration statement within
the scope of Article III, Section 2 or Article III, Section 4 of this Agreement that covers any of the Registrable Securities, including the Prospectus included therein, all amendments and supplements to that Registration Statement, including
post-effective amendments, and all exhibits and all materials incorporated by reference in that Registration Statement. 
  
 “Requesting Securityholder” has the meaning set forth in Article III, Section 4. 
  
 “Restricted Security” has the meaning set forth in Article III, Section 1. 
  
 “Rule 144” means Rule 144 adopted under the Securities Act, as
amended from time to time, or any successor rule that may be adopted by the SEC. 
  
 “Rule 415” means Rule 415 adopted under the Securities Act, as amended from time to time, or any successor rule that may be adopted by the SEC. 
  
 “SEC” means the Securities and Exchange Commission or any other federal agency at the time administering the
Securities Act. 
  
 “Securities Act” means the
Securities Act of 1933, as amended or any successor federal statute, and the rules and regulations thereunder, as the same are in effect from time to time. 
  
 “Shares” means the Common Stock issued to TEC in the Transaction and any other securities later issued, as a result of or in connection with any
stock, dividend, stock split or reverse stock split, combination, recapitalization, reclassification, merger, consolidation, exchange or distribution in respect of the Common Stock issued to TEC in the Transaction. 
  
 “Shelf Registration Period” has the meaning set forth in Article
III, Section 2(b). 
  
 “Shelf Registration Statement”
has the meaning set forth in Article III, Section 2(a). 
  
 “Stock Purchase Agreement” has the meaning set forth in the recitals. 
  
 “Underwritten Offering” means a registered offering in which securities of Newport are sold to an underwriter for reoffering to the public. 
  
 Except where expressly indicated otherwise, all references to sections in this Agreement are to sections of this Agreement. Unless the
context otherwise requires, all capitalized terms not defined herein shall have the meanings ascribed to them in the Stock Purchase Agreement. 

 ARTICLE II. RESTRICTIVE PROVISIONS 
  
 1. Lock-Up Agreement. 
  
 (a) TEC hereby agrees that it will not (i) offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any Shares or securities
convertible into or exchangeable or exercisable for any Shares, (ii) enter into a transaction which would have the same effect, (iii) enter into any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic
consequences of ownership of the Shares, whether any such aforementioned transaction is to be settled by delivery of the Shares or such other securities, in cash or otherwise, or (iv) publicly disclose the intention to make any such offer, sale,
pledge or disposition, or to enter into any such transaction, swap, hedge or other arrangement (unless, without in any way limiting the restrictions in clauses (i) through (iii) above, in the reasonable judgment of TEC, such disclosure is required
under Schedule 13D under the Exchange Act, or by other legal or regulatory requirement). 
  
 (b) The restrictions set forth in Article II, Section 1(a) shall lapse as follows: 
  
 (i) with respect to twenty-five percent (25%) of the Shares, the restrictions in Article II, Section 1(a) shall lapse on the six (6) month anniversary of
the Closing Date; 
  
 (ii) with respect to an additional
twenty-five percent (25%) of the Shares, the restrictions in Article II, Section 1(a) shall lapse on the twelve (12) month anniversary of the Closing Date; and 
  

(iii) with respect to any remaining Shares, the restrictions in Article II, Section 1(a) shall lapse on the eighteen (18) month anniversary of the
Closing Date. 
  
 2. Right of First Offer. 
  
 (a) any private sale by TEC to a Person (which for this purpose includes a
person known by TEC to be a “person” as such term is defined in Section 13(d)(3) of the Exchange Act) of a number of Shares that is greater than five percent (5%) of the total outstanding shares of Common Stock at that time shall be
subject to the prior approval of the Board of Directors of Newport, to be given or withheld in its sole discretion; and 
  
 (b) TEC shall provide Newport with forty-eight (48) hours advance notice (the “Notice”) of (A) any block sale of more than five hundred thousand
(500,000) Shares, or (B) entry into any plan under Rule 10b5-1 of the Exchange Act covering more than five hundred thousand (500,000) Shares. Such notice shall include the material terms of the proposed sale or plan, including the price and total
number of Shares, to the extent known as of the date of such notice. During such forty-eight (48) hour period, Newport may elect, by written notice to TEC, to purchase all such Shares with respect to clause (A) above and all or a portion of such
Shares with respect to clause (B) above, in each case on terms mutually agreeable to TEC and Newport. If the actual number of Shares to be sold is greater than the number of Shares set forth in the Notice, (regardless of by how much greater), then
TEC shall be required to provide a new Notice with respect to the incremental Shares twenty-four (24) hours in advance of the sale or entry into a plan under Rule 10b5-1 of the Exchange Act. If the actual number of Shares to be sold is less than the
number of Shares set forth in the Notice, then the original Notice shall apply to such reduced number of Shares and no additional notice period will be required. 

 3. Standstill Agreement. For a period commencing with the date of this Agreement and ending on the
earlier of (i) the date two (2) years after the date of this Agreement or (ii) the Termination Date (as defined below) (the “Standstill Period”), TEC shall not, without the prior written consent of Newport or Newport’s Board of
Directors: (a) acquire, offer to acquire, or agree to acquire, directly or indirectly, by purchase or otherwise, voting securities or direct or indirect rights to acquire any voting securities (A) during such time that TEC beneficially owns (for
purposes of Section 13(d) of the Exchange Act) five percent (5%) or more of the voting power of Newport, or (B) which when added to the Shares then owned by TEC and its subsidiaries, would result in TEC and its subsidiaries beneficially owning (for
purposes of Section 13(d) of the Exchange Act) of more than five percent (5%) of the voting power of Newport; (b) make, or in any way participate, directly or indirectly, in any “solicitation” of “proxies” to vote (as such terms
are used in the Exchange Act), or seek to advise or influence any person or entity with respect to the voting of any voting securities of Newport; (c) make any public announcement with respect to, or submit a proposal for, or offer of (with or
without conditions) any merger, business combination, recapitalization, restructuring or other extraordinary transaction involving Newport or any of its securities or material assets; (d) form, join or in any way participate in a “group”
as defined in Section 13(d)(3) of the Exchange Act in connection with any of the foregoing; (e) otherwise act or seek to control or influence the management, Board of Directors or policies of Newport (provided that TEC shall be entitled to exercise
its rights under the Promissory Note); (f) take any action that could reasonably be expected to require Newport to make a public announcement regarding the possibility of any of the events described in clauses (a) through (e) above; or (g) request
Newport, directly or indirectly, to amend or waive any provision of this paragraph. For the purposes of this paragraph, the “Termination Date” shall mean the earliest of (i) the date on which Newport (A) enters into a definitive agreement
with an unaffiliated third party or parties to merge, consolidate or otherwise combine, with such third party or parties in a transaction where the holders of Newport’s outstanding shares immediately prior to such merger or consolidation would
hold, in the aggregate, securities possessing less than fifty percent (50%) of the total combined voting power of the combined or surviving entity immediately after such merger or consolidation, or to sell substantially all of Newport’s
business or assets or securities representing a majority of the then outstanding voting power of Newport’s securities, or (B) makes a public announcement that it is negotiating a transaction with an unaffiliated third party or parties covered
by the foregoing clause (A), or (ii) the date a third party or group (as defined above) (X) acquires beneficial ownership of voting securities (including those convertible or exchangeable into such voting securities) of Newport representing twenty
percent (20%) or more of the then outstanding voting securities of Newport; or (Y) announces or commences a tender or exchange offer to acquire voting securities of Newport which, if successful, would result in such person or group owning, when
combined with any other voting securities of Newport owned by such person or group, twenty percent (20%) or more of the then outstanding voting securities of Newport. During the Standstill Period, such restrictions (other than those in clause (a)
above) shall remain in effect during such time as TEC owns or controls five percent (5%) or more of the outstanding shares of Common Stock. In the event that during the Standstill Period, TEC owns or controls less than five percent (5%) of the
outstanding shares of Common Stock, it shall continue to be subject to the restrictions in clause (a) hereof. 

 ARTICLE III. REGISTRATION RIGHTS 
  
 1. Securities Subject to this Agreement. The securities entitled to the benefits of this Agreement are the
Registrable Securities but, with respect to any particular Registrable Security, only so long as such securities continue to be Restricted Securities and only so long as such securities are held by a Holder. A Registrable Security that has ceased to
be a Registrable Security cannot thereafter become a Registrable Security. A “Restricted Security” is a Registrable Security (i) which has not been sold pursuant to an effective Registration Statement in accordance with the intended plan
and method of distribution therefor set forth in the final Prospectus forming part of such Registration Statement, (ii) which has not been sold pursuant to Rule 144, and (iii) which cannot, at that time, be sold by its Holder, together with all
other Registrable Securities (or securities that would be Registrable Securities but for operation of this clause (iii)) beneficially owned by such Holder, during one 90 day period under Rule 144. Newport acknowledges and agrees that if on or after
the second anniversary of the Closing Date, TEC has not increased the number of shares of Newport that it owns above the number it acquired in the Transaction, and TEC provides Newport with an opinion of counsel stating that TEC is not an
“affiliate” as that term is defined under the Securities Act and has not been an affiliate during the preceding three months, Newport shall cause to be removed any restrictive legends from the stock certificates issued to TEC in the
Transaction. 
  
 2. Shelf Registration. 

 
 (a) General. Newport shall use commercially reasonable efforts to
cause to become effective under the Securities Act a Registration Statement relating to the resale, from time to time, of all the Registrable Securities (the “Shelf Registration”) in accordance with the plan and method of distribution set
forth in the Prospectus included in such Registration Statement (the “Shelf Registration Statement”) as soon as practicable following the Closing Date and the receipt of all financial statements and related information relating to the
Companies and the Subsidiaries necessary to allow Newport to comply with its filing requirements pursuant to Form S-3 under the Securities Act and Form 8-K under the Exchange Act. The plan and method of distribution may include an Underwritten
Offering of such Registrable Securities. Newport shall promptly respond to any SEC comments to such Shelf Registration Statement. Newport shall file amendments to the Shelf Registration Statements to reflect transfers of Registrable Securities to
any Holder following the new Holder’s delivery to Newport of its written assumption of obligations contemplated by Article IV, Section 4 of this Agreement. 
  

(b) Effective Period. Newport will use commercially reasonable efforts to cause the Shelf Registration Statement to become effective within 120
days of the Closing Date and keep the Shelf Registration Statement continuously effective until the earliest of (i) the third anniversary of the Closing Date (subject to extension as provided in Article III, Section 4(b)), (ii) the date on which all
Registrable Securities covered by the Shelf Registration Statement have been sold thereunder in accordance with the plan and method of distribution intended by Holders and disclosed in the respective Prospectuses included in the Shelf Registration
Statement, and (iii) the date on which Newport causes to be removed any restrictive legends from the stock certificates under Article III, Section 1 (the “Shelf Registration Period”). 
  
 (c) Inclusion of Other Securities. Newport and any other holder of
Newport’s securities (other than a Holder) who has contractual registration rights may include its securities in the Shelf Registration effected pursuant to this Section 2 or in an Underwritten Offering, subject to Article III, Section 3(a).

 (d) Withdrawal. Newport will withdraw the Shelf Registration Statement upon having obtained the
written request of the Holders of a majority of the Registrable Securities covered by the Shelf Registration Statement. 
  
 3. Underwritten Offerings. 
  
 (a) Maximum Number of Underwritten Offerings. The Holders may request, and Newport will cooperate with the Holders in connection with, two
Underwritten Offerings; provided that the estimated gross proceeds in each such Underwritten Offering are in excess of twenty-five million dollars ($25,000,000), and provided further that the Holders may not request the second such Underwritten
Offering within twelve (12) months following the closing of the first Underwritten Offering. 
  
 (b) Priority on Underwritten Offerings. With respect to each Underwritten Offering referenced in Section 3(a) above, if the managing underwriter or underwriters for such Underwritten Offering advise the selling
holders in writing that the total amount of Registrable Securities and equity securities requested to be included pursuant to Article III, Section 2(c) will in the aggregate materially and adversely affect the success of such Underwritten Offering,
then: (i) first, the amount of equity securities requested to be included pursuant to Article III, Section 2(c) will be reduced on a pro rata basis among Newport and such other holders based on the amount of such equity securities requested to be
included therein by Newport and each such holder and (ii) second, the amount of Registrable Securities of all Holders who have requested to have Registrable Securities included in the Underwritten Offering will be reduced, pro rata among such
Holders on the basis of the amount of such Registrable Securities requested to be included therein by each such Holder, so that, after such reduction, there will be included in such Underwritten Offering the amount of Registrable Securities that, in
the written opinion of such managing underwriter or underwriters, can be sold without materially and adversely affecting the success of the Underwritten Offering. 
  
 (c) Withdrawn Underwritten Offerings. An Underwritten Offering withdrawn at the request of TEC pursuant to Section
2(e) shall not be counted towards that maximum number of Underwritten Offerings if TEC agrees to pay the Registration Expenses in connection therewith. 
  
 4. Piggyback Registration. If, at any time prior to the expiration of the Shelf Registration Period, Newport proposes to file a registration
statement with respect to any class of its equity securities, whether for its own account (other than in connection with a registration statement on Form S-4 or S-8 or any successor or substantially similar form), or for the account of a holder of
securities of Newport, other than a Holder, pursuant to demand registration rights granted by Newport to such holder (a “Requesting Securityholder”), or for the registration of securities for sale by Newport on a continuous or delayed
basis pursuant to Rule 415, in either case, then Newport shall give written notice of such proposed filing to all Holders at least 20 days before the anticipated filing date of such registration statement. Notwithstanding the foregoing, during the
time when the Shelf Registration Statement contemplated by Article III, Section 2(b) is effective and not suspended or withdrawn, then the piggyback registration rights under this Section 4 shall apply only to Underwritten Offerings. In either case,
that notice shall offer to all Holders the opportunity to have any or all of the Registrable Securities held by the Holders included in that registration statement. Each Holder desiring to have its Registrable Securities registered under this
Section 4 shall so advise Newport in writing within 15 days after the date of receipt of such notice (which request shall set forth the amount of Registrable Securities for which registration is requested). Newport shall use its 

 commercially reasonable efforts to include in that registration statement all the Registrable Securities so requested to
be included therein. Notwithstanding the foregoing, if in connection with an Underwritten Offering (other than one initiated by a Holder pursuant to Article III, Section 3) the managing underwriter or underwriters of any such proposed public
offering advises Newport in writing that the total amount or kind of securities which the Holders, Newport and any other Persons (the “Other Holders”) intend to be included in such proposed public offering is sufficiently large to
materially and adversely affect the success of such proposed public offering, then the amount or kind of securities to be offered for the accounts of Holders and Other Holders shall be reduced as follows: (i) if such Registration Statement is a
primary registration on behalf of Newport, Newport will include in such registration (A) first, all securities to be offered by Newport and (B) second, up to the full amount of securities requested to be included in such registration by the Holders
and the Requesting Securityholders having contractual rights to include securities in such underwritten offering (allocated pro rata among the Holders and Requesting Securityholders having contractual rights to include securities in such
underwritten offering on the basis of the amount of securities requested to be included therein by each such Holder or Requesting Securityholder), so that the total amount of securities to be included in such offering is the full amount that, in the
written opinion of such managing underwriter or underwriters, can be sold without materially and adversely affecting the success of such offering; and (ii) if such Registration Statement is an underwritten secondary registration on behalf of such
Requesting Securityholders, Newport will include in such registration: (A) first, all securities of such Requesting Securityholders requested to be included therein and (B) second, up to the full amount of securities requested to be included in such
registration by the Holders and other persons (allocated pro rata among such Holders and such other persons on the basis of the amount of securities requested to be included therein by each such Holder or other person), so that the total amount of
securities to be included in such offering is the full amount, that in the written opinion of such managing underwriter or underwriters, can be sold without materially and adversely affecting the success of the offering. Anything to the contrary in
this Agreement notwithstanding, Newport may withdraw or postpone a registration statement referred to in this Section 4 at any time before it becomes effective or withdraw, postpone or terminate the offering after it becomes effective without
obligation to any Holder. In addition, this Section 4 is subject to Article III, Section 5(c). If an offering in connection with which a Requesting Securityholder is entitled to registration under this Section 4 is an underwritten offering, any
Requesting Securityholder whose Registrable Securities are included in the Registration Statement shall, unless otherwise agreed by Newport, offer and sell the Registrable Securities in an underwritten offering using the same underwriter or
underwriters and, subject to this Agreement, on the same terms and conditions as other shares of Common Stock included in the underwritten offering. 
  
 5. Registration Procedures. 
  
 (a) General. Subject to Article III, Sections 6(b) and (c), in connection with Newport’s registration obligations pursuant to Article III,
Section 2 and, to the extent applicable, Article III, Sections 3 and 4, Newport shall: 
  
 (i) prepare and file with the SEC: (A) a new Registration Statement or such amendments and post-effective amendments to an existing Registration Statement as may be necessary to keep the Registration Statement
effective for the time period set forth herein, and (B) any amendments and post-effective amendments to any Shelf Registration Statement, any Prospectus and any supplements to any Prospectus included in any Shelf Registration Statement, as may be
requested by any Holder of Registrable Securities to reflect (1) any changes to the plan of distribution contained in the Prospectus included in such Shelf Registration Statement or (2) the 

 identity of any transferee of Registrable Securities, provided that, as soon as practicable, but in no event later than
three (3) Business Days (unless such Registration Statement relates to an Underwritten Offering in which case such period shall be one (1) Business Day) before filing any Registration Statement, any related Prospectus or any amendment or supplement
thereto, other than any amendment or supplement made solely as a result of incorporation by reference of documents filed with the SEC subsequent to the filing of such Registration Statement, Newport shall furnish to the Holders of the Registrable
Securities covered by the Registration Statement and the underwriters, if any, copies of all such documents proposed to be filed; 
  
 (ii) notify the selling Holders of Registrable Securities and the managing underwriters, if any, promptly: (A) when a new Registration Statement,
Prospectus or any Prospectus supplement or post-effective amendment has been filed and, with respect to any new Registration Statement or post-effective amendment, when it has become effective, (B) of any stop order suspending the effectiveness of
any Registration Statement or the initiation of any proceedings for that purpose, (C) of any suspension of the qualification of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such
purpose and (D) if there is a misstatement or omission of a material fact in any Registration Statement, Prospectus or any document incorporated therein by reference or if any event occurs that requires the making of any changes in any Registration
Statement, Prospectus or any document incorporated therein by reference in order to make the statements therein (in the case of any Prospectus, in the light of the circumstances under which they were made) not misleading; provided that upon any
occurrence specified in clauses (B), (C) or (D) Newport shall use its reasonable best efforts to, at the earliest practicable date, obtain a withdrawal of any stop order, the lifting of any suspension of the qualification or exemption from
qualification or amend the Registration Statement, Prospectus or any document incorporated therein by reference in order to make the statements therein (in the case of any Prospectus, in the light of the circumstances under which they were made) not
misleading; 
  
 (iii) if reasonably requested by the managing
underwriter or underwriters or a Holder of Registrable Securities being sold in connection with an Underwritten Offering, promptly incorporate in a Prospectus supplement or post-effective amendment such information as the managing underwriters and
the Holders of a majority of the Registrable Securities being sold in such Underwritten Offering agree should be included therein relating to the sale of the Registrable Securities including, without limitation, information with respect to the total
number of shares of Registrable Securities being sold to such underwriters, the purchase price being paid therefor by such underwriters and with respect to any other terms of the Underwritten Offering of the Registrable Securities to be sold in such
offering, and promptly make all required filings of such Prospectus supplement or post-effective amendment; 
  
 (iv) furnish to each selling Holder of Registrable Securities and each managing underwriter, if any, without charge, (A) preliminary drafts of the
Registration Statement as they become available, and (B) as many conformed copies as may reasonably be requested of the then effective Registration Statement and any post-effective amendments thereto, including financial statements and schedules,
all documents incorporated therein by reference and all exhibits (including those incorporated by reference); 
  
 (v) deliver to each selling Holder of Registrable Securities and the underwriters, if any, without charge, as many copies of the then effective
Prospectus (including each Prospectus subject to completion) and any amendments or supplements thereto as such Persons may reasonably request; 

 (vi) use commercially reasonable efforts to register or qualify or cooperate with the selling Holders of
Registrable Securities, the underwriters, if any, and their respective counsel in connection with the registration or qualification of such Registrable Securities for offer and sale under the securities or blue sky laws of such jurisdictions as any
selling Holder of Registrable Securities or underwriter reasonably requests in writing, provided that Newport will not be required to: (A) qualify to do business in any jurisdiction where it would not otherwise be required to qualify, but for this
paragraph (vi), (B) subject itself to general taxation in any such jurisdiction or (C) file a general consent to service of process in any such jurisdiction; 
  
 (vii) otherwise use commercially reasonable efforts to comply in all material respects with all applicable rules and regulations of the SEC relating to
such registration and the distribution of the securities being offered and make generally available to its securities holders earnings statements satisfying Section 11(a) of the Securities Act; 
  
 (viii) cooperate and assist in any filings required to be made with the
National Association of Securities Dealers, Inc.; 
  
 (ix)
subject to the proviso in paragraph (vi) above, cause the Registrable Securities covered by the Registration Statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the selling
Holders or the underwriters, if any, to complete the disposition of such Registrable Securities (other than as may be required by the governmental agencies or authorities of any foreign jurisdiction and other than as may be required by a law
applicable to a selling Holder by reason of its own activities or business other than the sale of Registrable Securities); 
  
 (x) cooperate with the selling Holders of Registrable Securities, the underwriters, if any, and their respective counsel, to facilitate the timely
preparation and delivery of certificates representing Registrable Securities to be sold, which certificates will not bear any restrictive legends; and cause such certificates to be in such denominations and registered in such names as the selling
Holders or managing underwriters, if any, shall request; and 
  
 (xi) to the extent requested by the Holders of Registrable Securities in connection with a proposed Underwritten Offering (pursuant to Article III, Section 3): (A) execute and deliver an underwriting agreement containing customary terms,
including without limitation, appropriate restrictions on Newport’s ability to issue or sell any shares of its Common Stock or securities convertible or exercisable or exchangeable therefor (not exceeding 90 days from the commencement of the
Underwritten Offering) and any requirement, to the extent permitted by the applicable Newport stock option plans or other agreements, to enforce available restrictions on the ability of any option holder to exercise options or on any stockholder to
sell any shares of Newport Common Stock, (B) to the extent reasonably necessary to facilitate the success of any such Underwritten Offering, make available the appropriate executive officers of Newport for due diligence and drafting sessions and
road show presentations in connection with such Underwritten Offering and (C) prepare and file with the SEC a Current Report on Form 8-K with such underwriting agreement attached as an exhibit thereto. If requested by the managing underwriter of a
proposed Underwritten Offering, Newport will obtain agreements from each of its executive officers and directors imposing customary restrictions (not exceeding 90 days from the commencement of the Underwritten Offering) on such executive
officer’s or director’s ability to sell any shares of Newport Common Stock beneficially owned, if requested by the managing underwriter of any such Underwritten Offering. 

 As a condition precedent to the participation in any registration hereunder, Newport may require each
selling Holder of Registrable Securities as to which such registration is being effected to furnish to Newport such reasonable information regarding such Person and the distribution of such securities as Newport may from time to time request.

  
 (b) Discontinuance. Each Holder of Registrable
Securities shall, upon receipt of any notice from Newport of the happening of any event of the kind described in Article III, Section 5(a)(ii), forthwith discontinue disposition of Registrable Securities pursuant to the then current Registration
Statement until: (A) such Holder is advised in writing by Newport that a new Registration Statement covering the offer of Registrable Securities has become effective under the Securities Act or (B) such Holder receives copies of any required
supplemented or amended Prospectus, or until such Holder is advised in writing by Newport that the use of the Registration Statement may be resumed. If Newport shall have given any such notice during a period when a Shelf Registration Statement or
Registration Statement relating to an Underwritten Offering is in effect, Newport shall extend the period during which such Registration Statement shall be maintained effective pursuant to this Agreement by the number of days during which any such
disposition of Registrable Securities is discontinued pursuant to this Section 5(b). If so directed by Newport, on the happening of such event, each Holder will deliver to Newport (at Newport’s expense) all copies, other than permanent file
copies then in such Holder’s possession, of the Registration Statement covering such Registrable Securities at the time of receipt of such notice. 
  
 (c) Selection of Underwriter. The investment banker or investment bankers and manager or managers that will manage any Underwritten Offering
pursuant to Article III, Section 3(a) will be selected by Newport (which selection shall be made no later then twenty (20) days following request by TEC), subject to the approval of TEC, which approval shall not be unreasonably withheld or delayed.

  
 6. Certain Limitations on Registration Rights.

  
 (a) Hold-Back Election. In the case of the
registration of any underwritten primary offering initiated by Newport (other than any registration by Newport on Form S-4 or Form S-8 or any successor or substantially similar form, and other than in connection with (i) an employee stock option,
stock purchase or compensation plan or of securities issued or issuable pursuant to any such plan or an acquisition of any securities or assets of another entity, or (ii) a dividend reinvestment plan) or any underwritten secondary offering initiated
at the request of a Requesting Securityholder, each Holder that includes Registrable Securities therein agrees not to effect any public sale or distribution of securities of Newport, except as part of such underwritten registration, during the
period beginning 15 days prior to the expected date of execution of an underwriting agreement relating to such underwritten offering and ending 90 days after such closing date (or such shorter period as may be agreed to between the underwriters
thereof and Newport or any other security holder of Newport selling securities in such offering). The parties acknowledge that the expected date of execution of an underwriting agreement shall be made in the good faith determination of the managing
underwriter of such offering and communicated in writing to such Holders. 
  
 (b) Material Development Condition. With respect to any Registration Statement filed or to be filed pursuant to Article III, Section 2, if Newport determines that, in its good faith judgment, it would (because
of the existence of, or in anticipation of, any acquisition or corporate reorganization or other transaction, financing activity, stock repurchase or other development 

 involving Newport or any subsidiary, or the unavailability for reasons substantially beyond Newport’s control of any
required financial statements) require public disclosure by Newport of material non-public information that is not included in such Registration Statement and that immediate disclosure of such information would be seriously detrimental to Newport (a
“Material Development Condition”), Newport shall, notwithstanding any other provisions of this Agreement, be entitled, upon the giving of a written notice that a Material Development Condition has occurred (a “Delay Notice”) from
Newport to any Holder of Registrable Securities included or to be included in such Registration Statement: (i) to cause sales of Registrable Securities by such Holder pursuant to such Registration Statement to cease, or (ii) if no such Registration
Statement has yet been filed or declared effective, to delay the filing or effectiveness of any such Registration Statement until, in the good faith judgment of Newport, such Material Development Condition no longer exists (notice of which Newport
shall promptly deliver to any Holder of Registrable Securities with respect to which any such Registration Statement has been filed). Notwithstanding the foregoing: (A) in no event may such cessation or delay (I) be for a period of more than 60
consecutive days from the giving of the Delay Notice to a Holder with respect to the Material Development Condition, as above provided, and (II) exceed 120 days in the aggregate in any 12 month period. In the event of any such cessation or delay,
the Shelf Registration Period with respect to such Holder and Registrable Securities shall be extended by the number of days during the Shelf Registration Period that such Holder is required to refrain from selling Registrable Securities.

  
 (c) Limitation on Piggyback Registration Rights.
Anything to the contrary contained in this Agreement notwithstanding, when, in the opinion of reputable outside securities counsel for Newport, the registration of the Registrable Securities is not required by the Securities Act in connection with a
proposed sale of such Registrable Securities, the Holders shall have no rights pursuant to Article III, Section 4 to request a piggyback registration in connection with such proposed sale and Newport shall promptly provide to the transfer agent and
the Holder’s or Holders’ broker or brokers in connection with any sale transaction an opinion to that effect. 
  
 7. Registration Expenses. All expenses incident to Newport’s performance of or compliance with this Agreement including, without limitation,
all registration and filing fees, fees and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements of counsel in connection with blue sky qualifications or registrations, or the obtaining of exemptions
therefrom, of the Registrable Securities), printing expenses (including expenses of printing Prospectuses), messenger and delivery expenses, internal expenses (including, without limitation, all salaries and expenses of its officers and employees
performing legal or accounting duties), fees and disbursements of its counsel and its independent certified public accountants, securities acts liability insurance (if Newport elects to obtain such insurance), fees and expenses of any special
experts retained by Newport in connection with any registration fees and expenses of other Persons retained by Newport and reasonable fees and expenses of one counsel for all selling Holders (such selling Holders’ counsel’s fees shall not
exceed $25,000) (such expenses being referred to as “Registration Expenses”) shall be borne by Newport, provided that Registration Expenses shall not include any fees and expenses of more than one counsel for the Holders, out-of-pocket
expenses incurred by the Holders and underwriting discounts, commissions or fees attributable to the sale of the Registrable Securities. 
  
 8. Indemnification. 
  
 (a) Indemnification by Newport. Newport shall indemnify and hold harmless, to the full extent permitted by law, but without duplication, each
Holder of Registrable Securities, and 

 each Person who controls such Holder (within the meaning of the Securities Act), against all losses, claims, damages,
liabilities and expenses (including reasonable costs of investigation and reasonable legal fees and expenses) resulting from any untrue statement of a material fact in, or any omission of a material fact required to be stated in, any Registration
Statement or Prospectus or necessary to make the statements therein (in the case of a Prospectus in light of the circumstances under which they were made) not misleading, except insofar as the same are caused by or contained in any information
furnished in writing to Newport or to any underwriters by any Holder expressly for use therein. Newport shall also indemnify underwriters participating in the distribution, their officers, directors, employees, partners and agents, and each Person
who controls such underwriters (within the meaning of the Securities Act), to the same extent as provided above with respect to the indemnification of the Holders of Registrable Securities, if so requested. 
  
 (b) Indemnification by Holders of Registrable Securities. In
connection with any Registration Statement in which a Holder of Registrable Securities is participating, each such Holder will furnish to Newport in writing such information and affidavits as Newport reasonably requests for use in connection with
any such Registration Statement or Prospectus and shall indemnify and hold harmless, to the full extent permitted by law, but without duplication, Newport, its officers, directors, stockholders, employees, advisors and agents, and each Person who
controls Newport (within the meaning of the Securities Act), against all losses, claims, damages, liabilities and expenses (including reasonable costs of investigation and reasonable legal fees and expenses) resulting from any untrue statement of
material fact in, or any omission of a material fact required to be stated in, any Registration Statement or Prospectus or necessary to make the statements therein (in the case of a Prospectus in light of the circumstances under which they were
made) not misleading, to the extent, but only to the extent, that such untrue statement or omission is contained in any information or affidavit so furnished in writing by such Holder to Newport specifically for inclusion therein. In no event will
the liability of any Holder hereunder be greater in amount than the dollar amount of the proceeds received by such Holder upon the sale of the Registrable Securities giving rise to such indemnification obligation. Holders of Registrable Securities
shall also indemnify Newport and hold harmless, to the full extent permitted by law, but without duplication, Newport, its officers, directors, employees, advisors and agents, and each Person who controls Newport (within the meaning of the
Securities Act), against all losses, claims, damages, liabilities and expenses (including reasonable costs of investigation and reasonable legal fees and expenses) resulting from any violations or alleged violations by Holders of Registrable
Securities of Regulation M under the Exchange Act. 
  
 (c)
Conduct of Indemnification Proceedings. Any Person entitled to indemnification hereunder shall (i) give prompt notice to the indemnifying party of any claim with respect to which it seeks indemnification and (ii) permit such indemnifying
party to assume the defense of such claim with counsel of such indemnifying party’s choice, provided that any Person entitled to indemnification hereunder shall have the right to employ separate counsel and to participate in (but not control)
the defense of such claim, but the fees and expenses of such counsel shall be at the expense of such indemnified Person unless: (A) the indemnifying party shall have failed to assume the defense of such claim and employ counsel reasonably
satisfactory to the indemnified Person in a timely manner or (B) in the reasonable judgment of any such indemnified Person, based upon the advice of outside securities counsel, a conflict of interest exists between such indemnified Person and the
indemnifying party with respect to such claim (in which case, if the indemnified Person notifies the indemnifying party in writing that such indemnified Person elects to employ separate counsel at the expense of the indemnifying party, the
indemnifying party shall not have the right to assume the defense of such claim on behalf of such indemnified Person). The 

 indemnifying party will not be subject to any liability for any settlement made without its written consent. No
indemnified Person will be required to consent to entry of any judgment or enter into any settlement which does not include as an unconditional term given by the claimant or plaintiff to such indemnified Person of a release from all liability in
respect of such claim. An indemnifying party who is not entitled to, or elects not to, assume the defense of the claim will not be obligated to pay the fees and expenses of more than one counsel for all Persons indemnified by such indemnifying party
with respect to such claim. 
  
 (d) Contribution. If for
any reason the indemnification provided for in Article III, Section 8(a) or Article III, Section 8(b) is unavailable to an indemnified Person or insufficient to hold it harmless as contemplated by Article III, Section 8(a) and Article III, Section
8(b), then the indemnifying party shall contribute to the amount paid or payable by the indemnified Person as a result of such loss, claim, damage, liability or expense in such proportion as is appropriate to reflect not only the relative benefits
received by the indemnifying party and the indemnified Person, but also the relative fault of the indemnifying party and the indemnified Person, as well as any other relevant equitable considerations. The relative fault shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement or the omission or alleged omission relates to information supplied by the indemnifying party or parties on the one hand, or the indemnified Person or Persons on the
other hand, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such untrue statement or omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentations. 
  
 9. Participation in Underwritten Registrations. No Person may participate in any Underwritten Offering hereunder unless such Person: (i) agrees to
sell such Person’s Registrable Securities on the basis provided in any underwriting arrangements approved by the Persons entitled hereunder to approve such arrangements and (ii) completes and signs all questionnaires, powers of attorney,
indemnities, underwriting agreements and other documents required under the terms of such underwriting arrangements and in form and substance reasonably approved by Newport. Nothing in this Section 9 shall be construed to create any additional
rights regarding the registration of Registrable Securities in any Person otherwise than as set forth herein. 
  
 ARTICLE IV. MISCELLANEOUS 
  
 1. Amendments. This Agreement may not be amended, modified or supplemented, and waivers or consents to departures from the provisions may not be given, except pursuant to a written amendment executed by Newport
and TEC. Any amendment effected in accordance with this paragraph shall be binding upon TEC, each Holder and Newport. 
  
 2. Waivers. Any failure of TEC or another Holder, on one hand, or Newport, on the other hand, to comply with any provision of this Agreement may be
waived by Newport or TEC or that Holder, respectively, only by a written instrument signed by the party granting the waiver, but that waiver or the failure to insist upon strict compliance with that provision shall not operate as a waiver of, or
estoppel with respect to, any subsequent or other failure. Any waiver effected in accordance with this paragraph shall be binding upon TEC, each Holder and Newport. 
  
 3. Notices. All notices and other communications pursuant to this Agreement shall be in writing and shall be deemed
given if delivered personally, sent by facsimile, sent by nationally- 

 recognized overnight courier or mailed by registered or certified mail (return receipt requested), postage prepaid, to
the parties at the addresses set forth below or to such other address as the party to whom notice is to be given may have furnished to the other parties hereto in writing in accordance herewith. Any such notice or communication shall be deemed to
have been delivered and received (A) in the case of personal delivery, on the date of such delivery, (B) in the case of facsimile, on the date sent if confirmation of receipt is received and such notice is also promptly mailed by registered or
certified mail (return receipt requested), (C) in the case of a nationally-recognized overnight courier in circumstances under which such courier guarantees next business day delivery, on the next business day after the date when sent, and (D) in
the case of mailing, on the third business day following that on which the piece of mail containing such communication is posted: 
  
 If to a Holder other than TEC, at the most current address given by that Holder to Newport, in accordance with this Section 3. 
  

	
	 (a) if to Newport, to:

	
	 Newport Corporation

	 1791 Deere Avenue

	 Irvine, California 92606

	 Telephone: (949) 863-3144

	 Facsimile: (949) 253-1221

	 Attention: General Counsel

	
	 with a copy to:

	
	 Stradling Yocca Carlson & Rauth

	 660 Newport Center Drive, Suite 1600

	 Newport Beach, CA 92660

	 Telephone: (949) 725-4000

	 Facsimile: (949) 725-4100

	 Attention: K.C. Schaaf, Esq.

	
	 (b) If to TEC, to:

	
	 Thermo Electron Corporation

	 81 Wyman Street

	 Waltham, Massachusetts 02451

	 Telephone: (781) 622-1198

	 Facsimile: (781) 622-1283

	 Attention: General Counsel

  
 4. Successors and
Assigns. The obligations of TEC under the Restrictive Provisions set forth in Article II of this Agreement may not be delegated by TEC to any Person. The Registration Rights set forth in Article III of this Agreement may not be assigned by TEC
to any Person, provided that TEC may assign such Registration Rights under this Agreement to not more than three (3) Persons to whom it simultaneously sells or otherwise transfers at least ten percent (10%) of the Registrable Securities. Any such
assignment shall not be effected unless and until the assignee assumes in writing all the obligations under this Agreement that correspond to the rights being assigned to that assignee, as determined in good faith by Newport. 

 5. Right to Decline Transfer. In furtherance of the provisions contained in this Agreement,
Newport and its transfer agent and registrar are hereby authorized to decline to make any transfer of shares of Registrable Securities if such transfer would constitute a violation or breach of this Agreement. 
  
 6. Entire Agreement. This Agreement and the Stock Purchase Agreement
constitute the entire agreement between the parties hereto with respect to the subject matter hereof and supersede all other prior and contemporaneous agreements and understandings both written and oral between the parties with respect to the
subject matter hereof and thereof. 
  
 7. Governing Law;
Equitable Relief. 
  
 (a) This Agreement shall be deemed to
be made in and in all respects shall be interpreted, construed and governed by and in accordance with the law of the State of New York without regard to the conflict of law principles thereof. 
  
 (b) The parties agree that irreparable damage would occur and that the
parties would not have any adequate remedy at law in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be
entitled to an injunction or injunctions (or similar equitable relief) to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement in the state and federal courts for Manhattan County, State of New
York, this being in addition to any other remedy to which they are entitled at law or in equity. 
  
 8. Descriptive Headings. The descriptive headings herein are inserted for convenience of reference only and are not intended to be part of or to
affect the meaning or interpretation of this Agreement. 
  
 9.
Gender. Whenever required by the context, the masculine gender shall include the feminine and neuter genders, and vice versa and the singular shall include the plural, and vice versa. 
  
 10. Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be an original but all of which shall together constitute one and the same agreement. 
  
 11. Validity. If any provision of this Agreement or the application thereof to any person or circumstance is held invalid or unenforceable, the
remainder of this Agreement and the application of such provision to other persons or circumstances shall not be affected thereby and to such end the provisions of this Agreement are agreed to be severable. 
  
 12. Parties in Interest. This Agreement shall be binding upon and
inure solely to the benefit of each party hereto and its successors and permitted assigns and, except as expressly provided herein, nothing in this Agreement is intended to or shall confer upon any other person any rights, benefits or remedies of
any nature whatsoever under or by reason of this Agreement nor shall any such person be entitled to assert any claim hereunder. In no event shall this Agreement constitute a third party beneficiary contract. 

 13. Personal Liability. This Agreement shall not create or be deemed to create or permit any
personal liability or obligation on the part of any direct or indirect stockholder of TEC or Newport, or any officer, director, employee, agent, representative or investor of any party hereto. 
  
 14. Remedies Cumulative. Except as otherwise provided herein, any and
all remedies herein expressly conferred upon a party will be deemed cumulative with and not exclusive of any other remedy conferred hereby, or by law or equity upon such party, and the exercise by a party of any one remedy will not preclude the
exercise of any other remedy. 
  
 15. Additional Actions.
From time to time, at either party’s request and without further consideration, the other party hereto (and any Holder in addition to TEC) shall execute and deliver such additional documents and take such other actions as may be necessary or
desirable to effectuate this Agreement. 
  
 16. Representation
of Counsel. Each party to this Agreement has been represented by counsel during the preparation and negotiation of this Agreement, and therefore waives any rule of construction that would construe ambiguities against the party drafting this
Agreement. 

 17. WAIVER OF JURY TRIAL. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE
UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR
INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (II) EACH SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (III) EACH SUCH PARTY MAKES THIS WAIVER VOLUNTARILY,
AND (IV) EACH SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE WAIVERS AND CERTIFICATIONS IN THIS SECTION 17. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above. 
  

			
	 NEWPORT CORPORATION

		
	 By:
	 	 /s/ Robert G. Deuster

	 Name:
	 	 Robert G. Deuster

	 Title:
	 	 Chief Executive Officer

	
	 THERMO ELECTRON CORPORATION

		
	 By:
	 	 /s/ Guy Broadbent

	 Name:
	 	 Guy Broadbent

	 Title:
	 	 Vice President

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