Document:

ex10-1.htm

     

     

    

      EXHIBIT
        10.1

       

      SECURITIES
        PURCHASE AGREEMENT

       

      THIS
        SECURITIES PURCHASE AGREEMENT (this “Agreement”),
        dated as of February 15, 2008, by and among EMCORE Corporation, a New Jersey
        corporation with headquarters located at 10420 Research Road, SE, Albuquerque,
        New Mexico 87123 (the “Company”), and each
        investor  identified on the signature pages hereto (individually, an
“Investor” and collectively, the
“Investors”).

       

      BACKGROUND

       

      A.           The
        Company and each Investor are executing and delivering this Agreement in
        reliance upon the exemption from registration afforded by Section 4(2) of
        the Securities Act of 1933, (the “Securities Act”), and
        Rule 506 of Regulation D (“Regulation D”) as promulgated
        by the United States Securities and Exchange Commission (the
“SEC”) under the Securities Act.

       

      B.           Each
        Investor, severally and not jointly, wishes to purchase, and the Company
        wishes
        to sell, upon the terms and conditions stated in this Agreement, (i) that
        aggregate number of shares of the common stock, no par value, of the Company
        (the “Common Stock”), set forth on such Investor’s signature
        page to this Agreement (which aggregate amount for all Investors together
        shall
        be 8,000,000 shares of Common Stock and shall collectively be referred to
        herein
        as the “Common Shares”) and (ii) warrants, in substantially the
        form attached hereto as Exhibit A (the “Warrants”) to
        acquire up to that number of additional shares of Common Stock set forth
        opposite such Investor’s name on the Schedule of Investors (the shares of Common
        Stock issuable upon exercise of or otherwise pursuant to the Warrants issued
        to
        the Investors, collectively, the “Warrant
        Shares”).

       

      C.           The
        Common Shares, the Warrants and the Warrant Shares issued or issuable pursuant
        to this Agreement are collectively are referred to herein as the
“Securities.”

       

      NOW,
        THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement,
        and for other good and valuable consideration the receipt and adequacy of
        which
        are hereby acknowledged, the Company and the Investors agree as
        follows:

       

      ARTICLE
        I

       

      DEFINITIONS

       

      1.1  Definitions.  In
        addition to the terms defined elsewhere in this Agreement, the following
        terms
        have the meanings indicated:

       

      “Affiliate”
        means any Person that, directly or indirectly through one or more
        intermediaries, controls or is controlled by or is under common control with
        a
        Person, as such terms are used in and construed under Rule 144 under the
        Securities Act; provided, however, the term Affiliate shall
        not include WorldWater & Solar Technologies Corporation.

       

      “Agent”
        has the meaning set forth in Section 3.1(l).

       

      “Agreement”
        has the meaning set forth in the Preamble.

       

      “Approved
        Stock Plan” means any employee benefit plan which has been approved by
        the Board of Directors of the Company, pursuant to which the Company's
        securities may be issued to, or for the benefit of, any employee, officer
        or
        director for services provided to the Company.

       

      “Business
        Day” means any day other than Saturday, Sunday, any day which shall be
        a federal legal holiday in the United States or any day on which banking
        institutions in The State of New York are authorized or required by law or
        other
        governmental action to close.

       

      “Closing”
        means the closing of the purchase and sale of the Securities pursuant to
        Section 2.1.

       

      “Closing
        Date” means the date and time of the Closing and shall be on such date
        as is mutually agreed to by the Company and each Investor.

       

      “Closing
        Price” means, for any date, the closing price per share of the Common
        Stock for such date (or, if not a Trading Day, the nearest preceding date
        that
        is a Trading Day) on the primary Eligible Market or exchange or quotation
        system
        on which the Common Stock is then listed or quoted.

       

      “Company”
        has the meaning set forth in the Preamble.

       

      “Common
        Shares” has the meaning set forth in the Preamble.

       

      “Common
        Stock” has the meaning set forth in the Preamble.

       

      “Contingent
        Obligation” has the meaning set forth in Section
        3.1(aa).

       

      “Convertible
        Securities” means any stock or securities (other than Options) directly
        or indirectly convertible into or exercisable or exchangeable for Common
        Stock.

       

      “Disclosure
        Materials” has the meaning set forth in
Section 3.1(g).

       

      “Effective
        Date” means the date that the Registration Statement is first declared
        effective by the SEC.

       

      “8-K
        Filing” has the meaning set forth in Section 4.5.

       

      “Eligible
        Market” means any of the New York Stock Exchange, the American Stock
        Exchange, the NASDAQ Global Select Market, the NASDAQ Global Market, the
        NASDAQ
        Capital Market or OTC Bulletin Board.

       

      “Environmental
        Laws” has the meaning set forth in Section 3.1(dd).

       

      “Exchange
        Act” means the Securities Exchange Act of 1934, as
        amended.

       

      “Excluded
        Investors” means Jefferies & Company, Inc.

       

      “Excluded
        Securities” means any Common Stock or other securities of the Company
        issued or issuable: (i) in connection with any Approved Stock Plan; (ii)
        upon
        exercise of the Warrants; (iii) in connection with any strategic acquisition
        or
        transaction by the Company, whether through an acquisition of stock or a
        merger
        of any business, assets or technologies, provided that (A) the primary purpose
        is not to raise equity capital and (B) if in connection with the financing
        of
        such strategic acquisition or transaction, substantially all of the proceeds
        raised in connection with the issuance of Common Stock or other securities
        of
        the Company are used to  pay consideration  in or related to
        such strategic acquisition, for expenses  related  to such
        strategic acquisition and for working capital
        requirements  related  to  such  strategic  acquisition,  and
        all of the Common  Stock  or other securities of the Company
        issued in connection with such strategic acquisition or  transaction
        is  subject to Restrictions on Transfer until the Trigger Date; and
        (iv) upon exercise of any Options or Convertible Securities which are
        outstanding on the day immediately preceding the date hereof, provided that
        the
        terms of such Options or Convertible Securities are not amended, modified
        or
        changed on or after the date hereof.

       

      “GAAP”
        has the meaning set forth in Section 3.1(g).

       

      “Hazardous
        Materials” has the meaning set forth in Section
        3.1(dd).

       

      “Indebtedness”
        has the meaning set forth in Section 3.1(aa).

       

      “Insolvent”
        has the meaning set forth in Section 3.1(h).

       

      “Intellectual
        Property Rights” has the meaning set forth in
Section 3.1(t).

       

      “Investor”
        has the meaning set forth in the Preamble.

       

      “Lien”
        means any lien, charge, claim, security interest, encumbrance, right of first
        refusal or other restriction.

       

      “Losses”
        means any and all losses, claims, damages, liabilities, settlement costs
        and
        expenses, including, without limitation, reasonable attorneys’
fees.

       

      “Material
        Adverse Effect” means (i) an adverse effect on the legality, validity
        or enforceability of any Transaction Document on the Company other than as
        a
        result of a change in law or regulation following the date of this Agreement,
        (ii) a material adverse effect on the results of operations, assets, business
        or
        financial condition of the Company and the Subsidiaries taken as a whole
        on a
        consolidated basis or (iii) material and adverse impairment of the
        Company’s ability to perform on a timely basis its obligations under any of the
        Transaction Documents, provided, that none of the following alone shall be
        deemed, in and of itself, to constitute a Material Adverse
        Effect:  (A) a change in the market price or trading volume of the
        Common Stock or (B) changes in general economic conditions or changes affecting
        the industry in which the Company operates generally (as opposed to
        Company-specific changes) so long as such changes do not have a disproportionate
        effect on the Company and its Subsidiaries taken as a whole.

       

      “Material
        Permits” has the meaning set forth in
Section 3.1(v).

       

      “Options”
        means any outstanding rights, warrants or options to subscribe for or purchase
        Common Stock or Convertible Securities.

       

      “Person”
        has the meaning set forth in Section 3.1(aa).

       

      “Placement
        Agents” means Jefferies & Co, Inc., Lazard Freres & Co. LLC,
        Canaccord Adams Inc., Merriman Curhan Ford & Co.

       

      “Proceeding”
        means an action, claim, suit, investigation or proceeding (including, without
        limitation, a partial proceeding, such as a deposition), whether commenced
        or
        threatened in writing.

       

      “Prospectus”
        means the prospectus included in the Registration Statement (including, without
        limitation, a prospectus that includes any information previously omitted
        from a
        prospectus filed as part of an effective registration statement in reliance
        upon
        Rule 430A promulgated under the Securities Act), as amended or supplemented
        by
        any prospectus supplement, with respect to the terms of the offering of any
        portion of the Registrable Securities covered by the Registration Statement,
        and
        all other amendments and supplements to the Prospectus including post-effective
        amendments of the Registration Statement, and all material incorporated by
        reference or deemed to be incorporated by reference in such
        Prospectus.

       

      “Registrable
        Securities” means the Common Shares and the Warrant Shares issued or
        issuable pursuant to the Transaction Documents, together with any securities
        issued or issuable upon any stock split, dividend or other distribution,
        recapitalization or similar event with respect to the foregoing.

       

      “Registration
        Rights Agreement” means the Registration Rights Agreement by and among
        the parties hereto of even date herewith in the form attached hereto as
Exhibit E.

       

      “Registration
        Statement” means each registration statement required to be filed
        pursuant to the Registration Rights Agreement, including (in each case) the
        Prospectus, amendments and supplements to such registration statement including
        pre- and post-effective amendments, all exhibits thereto, and all material
        incorporated by reference or deemed to be incorporated by reference in such
        registration statement.

       

      “Regulation
        D” has the meaning set forth in the Preamble.

       

      “Restrictions
        on Transfer” means restrictions on the sale, offers to sell, contract
        or agreements to sell, hypothecate, pledge, grant any option to purchase,
        make
        any "short sale" or otherwise dispose of or agree to dispose of, directly
        or
        indirectly, any securities of the Company, or establish or increase a put
        equivalent position or liquidate or decrease a call equivalent position within
        the meaning of Section 16 of the Securities and Exchange Act of 1934, as
        amended
        and the rules and regulations of the Securities and Exchange Commission
        promulgated thereunder with respect to any securities of the Company owned
        directly by the undersigned (including holding as a custodian) or with respect
        to which the undersigned has beneficial ownership within the rules and
        regulations of the Securities and Exchange Commission, in each case, or (ii)
        enter into any swap or other arrangement that transfers to another, in whole
        or
        in part, any of the economic consequences of ownership of any securities
        of the
        Company.  "Short sales" for purposes of the preceding definition shall
        have the meaning as defined in Rule 200 of Regulation SHO adopted under the
        Exchange Act and all types of direct and indirect stock pledges, forward
        sale
        contracts, options, puts, calls, short sales, swaps and similar arrangements
        (including on a total return basis), and sales and other transactions through
        non-US broker-dealers or foreign regulated brokers having the effect of hedging
        the securities of the Company.

       

      “Rule 144,”
        “Rule 415,” and “Rule 424” means
        Rule 144, Rule 415 and Rule 424, respectively, promulgated by the
        SEC pursuant to the Securities Act, as such rules may be amended from time
        to
        time, or any similar rule or regulation hereafter adopted by the SEC having
        substantially the same effect as such rule.

       

      “SEC”
        has the meaning set forth in the Preamble.

       

      “SEC
        Reports” has the meaning set forth in
Section 3.1(g).

       

      “Securities”
        has the meaning set forth in the Preamble.

       

      “Securities
        Act” has the meaning set forth in the Preamble.

       

      “Shares”
        means shares of the Company’s Common Stock.

       

      “Short
        Sales” has the meaning set forth in Section 3.2(h).

       

      “Subsidiary”
        means the following subsidiaries of the Company: (i) Corona Optical Systems,
        Inc., a Delaware corporation, (ii) Opticomm Corporation, a Delaware corporation,
        and (iii) EMCORE Solar Power, Inc., a Delaware corporation.

       

      “Trading
        Day” means (i) a day on which the Common Stock is traded on a Trading
        Market (other than the OTC Bulletin Board), or (ii) if the Common Stock is
        not
        listed or quoted on a Trading Market (other than the OTC Bulletin Board),
        a day
        on which the Common Stock is traded in the over-the-counter market, as reported
        by the OTC Bulletin Board, or (iii) if the Common Stock is not listed or
        quoted
        on any Trading Market, a day on which the Common Stock is quoted in the
        over-the-counter market as reported by the Pink Sheets LLC (or any similar
        organization or agency succeeding to its functions of reporting prices);
        provided, that in the event that the Common Stock is not listed or
        quoted as set forth in (i), (ii) and (iii) hereof, then Trading Day shall
        mean a
        Business Day.

       

      “Trading
        Market” means whichever of the New York Stock Exchange, the American
        Stock Exchange, the NASDAQ Global Select Market, the NASDAQ Global Market,
        the
        NASDAQ Capital Market or OTC Bulletin Board on which the Common Stock is
        listed
        or quoted for trading on the date in question.

       

      “Transaction”
        has the meaning set forth in Section 3.2(h).

       

      “Transaction
        Documents” means this Agreement, including the schedules, annexes and
        exhibits attached hereto, the Registration Rights Agreement, Warrants and
        the
        Transfer Agent Instructions and each of the other agreements or instruments
        entered into or executed by the parties hereto in connection with the
        transactions contemplated by this Agreement.

       

      “Transfer
        Agent” means American Stock Transfer & Trust Company, or any
        successor transfer agent for the Company.

       

      “Transfer
        Agent Instructions” means, with respect to the Company, the Company
        Transfer Agent Instructions, in substantially the form of Exhibit D,
        executed by the Company and delivered to and acknowledged in writing by the
        Transfer Agent.

       

      “Warrants”
        has the meaning set forth in the Preamble.

       

      “Warrant
        Shares” has the meaning set forth in the Preamble.

       

      ARTICLE
        II

       

      PURCHASE
        AND SALE

       

      2.1  Closing.  Subject
        to the terms and conditions set forth in this Agreement, at the Closing the
        Company shall issue and sell to each Investor, and each Investor shall,
        severally and not jointly, purchase from the Company, such number of Common
        Shares and Warrants for the price set forth on such Investor’s signature page to
        this Agreement.  The date and time of the Closing and shall be 11:00
        a.m., New York City Time, on the Closing Date.  The Closing shall take
        place at the offices of the Company’s Counsel.

       

      2.2  Closing
        Deliveries.

       

      (a)  At
        the
        Closing, the Company shall deliver or cause to be delivered to each Investor
        the
        following:

       

      (i)  a
        copy of
        the Company’s irrevocable instructions to the Transfer Agent instructing the
        Transfer Agent to deliver, on an expedited basis, one or more stock
        certificates, free and clear of all restrictive and other legends (except
        as
        expressly provided in Section 4.1(b) hereof), evidencing such number
        of Common Shares set forth on such Investor’s signature page to this Agreement,
        registered in the name of such Investor;

       

      (ii)  a
        Warrant, issued in the name of such Investor, pursuant to which such Investor
        shall have the right to acquire such number of Warrant Shares set forth on
        such
        Investor’s signature page to this Agreement;

       

      (iii)  duly
        executed Transfer Agent Instructions acknowledged by the Company’s transfer
        agent;

       

      (iv)  a
        legal
        opinion of Jones Day, in the form of Exhibit C-1, executed by such
        counsel and delivered to the Investors;

       

      (v)  a
        legal
        opinion of Dillon, Bitar & Luther, L.L.C., in the form of Exhibit
        C-2, executed by such counsel and delivered to the Investors;

       

      (vi)  a
        certificate of the Secretary of the Company, dated as of the Closing Date,
        (a) certifying the resolutions adopted by the Board of Directors of the
        Company approving the transactions contemplated by this Agreement and the
        other
        Transaction Documents and the issuance of the Securities, (b) certifying
        the current versions of the certificate of incorporation, as amended and
        by-laws
        of the Company and (c) certifying as to the signatures and authority of
        persons signing the Transaction Documents and related documents on behalf
        of the
        Company;

       

      (vii)  a
        certificate of the Chief Executive Officer, Chief Operating Officer or Chief
        Financial Officer of the Company, dated as of the Closing Date, certifying
        to
        the fulfillment of the conditions specified in Section 5.1;
        and

       

      (viii)  reimbursement
        of legal fees of Hudson Bay (an Investor) or its designee(s) for its costs
        and
        expenses incurred in connection with the transactions contemplated by the
        Transaction Documents (including, without limitation, legal fees and
        disbursements in connection therewith, negotiation, preparation and execution
        of
        the Transaction Documents and due diligence in connection therewith) up to
        a
        maximum amount of $30,000, which amount, may be withheld by such Investor
        from
        its aggregate purchase price at the Closing.

       

      (b)  At
        the
        Closing, each Investor shall deliver or cause to be delivered to the Company
        the
        following:

       

      (i)  the
        purchase price set forth on such Investor’s signature page to this Agreement in
        United States dollars and in immediately available funds, by wire transfer
        to an
        account designated in writing to such Investor by the Company for such purpose
        (except, with respect to the Hudson Bay, the purchase price shall be net
        of
        legal fees as provided in Section 2.2(a)(vii); and

       

      (ii)  a
        completed and executed Investor Signature Page to this Agreement;

       

      (iii)  a
        completed version of the Stock Certificate Questionnaire attached hereto
        as
Exhibit B-1;

       

      (iv)  a
        completed and executed version of the Registration Statement Questionnaire
        and
        Acknowledgement attached hereto as Exhibit B-2; and

       

      (v)  a
        completed and executed version of the Investor Certificate attached hereto
        as
Exhibit B-3.

       

      

      

       

      ARTICLE
        III

       

      REPRESENTATIONS
        AND WARRANTIES

       

      3.1  Representations
        and Warranties of the Company.  The
        Company hereby represents and warrants to the Investors as follows (which
        representations and warranties shall be deemed to apply, where appropriate,
        to
        each Subsidiary of the Company):

       

      (a)  Subsidiaries.  The
        Company does not have any "significant subsidiaries" (within the meaning
        of Rule
        1-02(w) of Regulation S-X under the Securities Act, as such regulation is
        in
        effect on the date hereof) other than the Subsidiaries.  The Company
        owns or controls, directly or indirectly, all of the capital stock or comparable
        equity interests of each Subsidiary free and clear of any Lien, and all issued
        and outstanding shares of capital stock or comparable equity interest of
        each
        Subsidiary are validly issued and are fully paid, non-assessable and free
        of
        preemptive and similar rights.

       

      (b)  Organization
        and Qualification.  The Company and each Subsidiary is an entity
        duly organized, validly existing and in good standing under the laws of the
        jurisdiction of its incorporation or organization, as applicable, with the
        requisite legal authority to own and use its properties and assets and to
        carry
        on its business as currently conducted.  Neither the Company nor any
        Subsidiary is in violation of any of the provisions of its certificate or
        articles of incorporation, bylaws or other organizational or charter documents,
        as applicable.  The Company and each Subsidiary is duly qualified to
        do business and is in good standing as a foreign corporation or other entity
        in
        each jurisdiction in which the nature of the business conducted or property
        owned by it makes such qualification necessary, except where the failure
        to be
        so qualified or in good standing, as the case may be, would not, individually
        or
        in the aggregate, have or reasonably be expected to result in a Material
        Adverse
        Effect.

       

      (c)  Authorization;
        Enforcement.  The Company has the requisite corporate authority to
        enter into and to consummate the transactions contemplated by each of the
        Transaction Documents to which it is a party and otherwise to carry out its
        obligations hereunder and thereunder.  The execution and delivery of
        each of the Transaction Documents to which it is a party by the Company and
        the
        consummation by it of the transactions contemplated hereby and thereby
        including, without limitation, the issuance of the Common Shares, the
        reservation for issuance and the issuance of the Warrant Shares issuable
        upon
        exercise of the Warrants, have been duly authorized by all necessary corporate
        action on the part of the Company and no further consent or action is required
        by the Company, its Board of Directors or its stockholders.  Each of
        the Transaction Documents to which it is a party has been (or upon delivery
        will
        be) duly executed by the Company and is, or when delivered in accordance
        with
        the terms hereof, will constitute, the valid and binding obligation of the
        Company enforceable against the Company in accordance with its terms, except
        (i)
        as limited by general equitable principles and applicable bankruptcy,
        insolvency, reorganization, moratorium and other laws of general application
        affecting enforcement of creditors’ rights generally, (ii) as limited by laws
        relating to the availability of specific performance, injunctive relief or
        other
        equitable remedies and (iii) insofar as indemnification and contribution
        provisions may be limited by applicable law.

       

      (d)  No
        Conflicts; Consents.  The execution, delivery and performance of
        the Transaction Documents to which it is a party by the Company and the
        consummation by the Company of the transactions contemplated hereby and thereby
        do not, and will not, (i) conflict with or violate any provision of the
        Company’s or any Subsidiary’s certificate or articles of incorporation, bylaws
        or other organizational or charter documents, as applicable, (ii) conflict
        with, or constitute a default (or an event that with notice or lapse of time
        or
        both would become a default) under, or give to others any rights of termination,
        amendment, acceleration or cancellation (with or without notice, lapse of
        time
        or both) of, any agreement, credit facility, debt or other instrument
        (evidencing a Company or Subsidiary debt or otherwise) or other understanding
        to
        which the Company or any Subsidiary is a party or by which any property or
        asset
        of the Company or any Subsidiary is bound, or affected, except to the extent
        that such conflict, default, termination, amendment, acceleration or
        cancellation right would not reasonably be expected to have a Material Adverse
        Effect, or (iii) result in a violation of any law, rule, regulation, order,
        judgment, injunction, decree or other restriction of any court or governmental
        authority to which the Company or any Subsidiary is subject (including, assuming
        the accuracy of the representations and warranties of the Investors set forth
        in
Section 3.2 hereof, federal and state securities laws and regulations and
        the rules and regulations of any self-regulatory organization to which the
        Company or its securities are subject, including all applicable Trading
        Markets), or by which any property or asset of the Company or any Subsidiary
        is
        bound or affected, except to the extent that such violation would not have
        or
        reasonably be expected to result in a Material Adverse
        Effect.  Neither the Company nor any of its Subsidiaries is required
        to obtain any consent, authorization or order of, or make any filing or
        registration with, any court, governmental agency or any regulatory or
        self-regulatory agency or any other Person in order for it to execute, deliver
        or perform any of its obligations at the Closing under or contemplated by
        the
        Transaction Documents, including without limitation the issuance of the
        Securities, in each case in accordance with the terms hereof or thereof,
        except
        for the following consents, authorizations, orders, filings and registrations
        (none of which is required to be filed or obtained before the Closing): (i)
        the
        filing of a listing application for the Warrant Shares with the Trading Market,
        which shall be done pursuant to the rules of the Trading Market, (ii) the
        filing
        of a Form D with the SEC and any applicable state securities authorities
        and
        (iii) the filing of a Form 8-K with the SEC announcing the entry into the
        Transaction Documents and the issuance of the Securities.  The Company
        and its Subsidiaries are unaware of any facts or circumstances that would
        reasonably be expected to prevent the Company from obtaining or effecting
        any of
        the registration, application or filings pursuant to the preceding
        sentence.  The Company is not in violation of the listing requirements
        of the Trading Market and has no knowledge of any facts that would reasonably
        be
        expected to lead to delisting or suspension of the Common Stock in the
        foreseeable future.  The issuance by the Company of the Securities
        shall not have the effect of delisting or suspending the Common Stock from
        the
        Trading Market.

       

      (e)  The
        Securities.  The Securities (including the Warrant Shares) are
        duly authorized and, when issued and paid for in accordance with the applicable
        Transaction Documents, will be duly and validly issued, fully paid and
        nonassessable, free and clear of all Liens, except for customary and required
        restrictions on transfer, and will not be subject to preemptive or similar
        rights of stockholders (other than those imposed by the
        Investors).  The Company has reserved from its duly authorized capital
        stock the maximum number of shares of Common Stock issuable upon exercise
        of the
        Warrants.

       

      (f)  Capitalization.  The
        aggregate number of shares and type of all authorized, issued and outstanding
        classes of capital stock, options and other securities of the Company (whether
        or not presently convertible into or exercisable or exchangeable for shares
        of
        capital stock of the Company) is set forth in Schedule 3.1(f)
        hereto.  All outstanding shares of capital stock are duly authorized,
        validly issued, fully paid and nonassessable and have been issued in compliance
        in all material respects with all applicable securities laws.  Except
        as disclosed in Schedule 3.1(f) hereto, the Company did not have
        outstanding at February 14, 2007 any other Options, script
        rights to subscribe to, calls or commitments of any character whatsoever
        relating to, or securities, rights or obligations convertible into or
        exercisable or exchangeable for, or entered into any agreement giving any
        Person
        any right to subscribe for or acquire, any shares of Common Stock, or securities
        or rights convertible or exchangeable into shares of Common
        Stock.  Except as set forth on Schedule 3.1(f) hereto, and
        except for customary adjustments as a result of stock dividends, stock splits,
        combinations of shares, reorganizations, recapitalizations, reclassifications
        or
        other similar events, there are no anti-dilution or price adjustment provisions
        contained in any security issued by the Company (or in any agreement providing
        rights to security holders) and the issuance and sale of the Securities will
        not
        obligate the Company to issue shares of Common Stock or other securities
        to any
        Person (other than the Investors) and will not result in a right of any holder
        of securities to adjust the exercise, conversion, exchange or reset price
        under
        such securities.  To the knowledge of the Company, except as disclosed
        in the SEC Reports and any Schedules 13D or 13G filed with the SEC pursuant
        to
        Rule 13d-1 of the Exchange Act by reporting persons or in Schedule 3.1(f)
        hereto, no Person or group of related Persons beneficially owns (as determined
        pursuant to Rule 13d-3 under the Exchange Act), or has the right to acquire,
        by
        agreement with or by obligation binding upon the Company, beneficial ownership
        of in excess of 5% of the outstanding Common Stock.

       

      (g)  SEC
        Reports; Financial Statements.  Except as set forth on Schedule
        3.1(g) hereto, the Company has filed all reports required to be filed by it
        under the Exchange Act, including pursuant to Section 13(a) or 15(d)
        thereof, for the 12 months preceding the date hereof on a timely basis or
        has
        received a valid extension of such time of filing and has filed any such
        SEC
        Reports prior to the expiration of any such extension and has filed all reports
        required to be filed by it under the Exchange Act with respect to the twelve
        (12) months preceding the date of this Agreement, including pursuant to
Section 13(a) or 15(d) thereof, for the two years preceding the
        date hereof.  Such reports required to be filed by the Company under
        the Exchange Act, including pursuant to Section 13(a) or 15(d)
        thereof, together with any materials filed by the Company under the Exchange
        Act
        during the twelve (12) months preceding the date of this Agreement, whether
        or
        not any such reports were required being collectively referred to herein
        as the
“SEC Reports” and, together with this Agreement and the
        Schedules to this Agreement, the “Disclosure
        Materials”.  As of their respective dates (or, if amended or
        superseded by a filing prior to the Closing Date, then on the date of such
        filing), the SEC Reports filed by the Company complied in all material respects
        with the requirements of the Securities Act and the Exchange Act and the
        rules
        and regulations of the SEC promulgated thereunder, and none of the SEC Reports,
        when filed (or, if amended or superseded by a filing prior to the Closing
        Date,
        then on the date of such filing) by the Company, contained any untrue statement
        of a material fact or omitted to state a material fact required to be stated
        therein or necessary in order to make the statements therein, in the light
        of
        the circumstances under which they were made, not misleading.  The
        financial statements of the Company included in the SEC Reports comply in
        all
        material respects with applicable accounting requirements and the rules and
        regulations of the SEC with respect thereto as in effect at the time of filing
        (or, if amended or superseded by a filing prior to the Closing Date, then
        on the
        date of such filing).  Such financial statements have been prepared in
        accordance with United States generally accepted accounting principles applied
        on a consistent basis during the periods involved (“GAAP”),
        except as may be otherwise specified in such financial statements, the notes
        thereto and except that unaudited financial statements may not contain all
        footnotes required by GAAP or may be condensed or summary statements, and
        fairly
        present in all material respects the consolidated financial position of the
        Company and its consolidated subsidiaries as of and for the dates thereof
        and
        the results of operations and cash flows for the periods then ended, subject,
        in
        the case of unaudited statements, to normal, year-end audit
        adjustments.  All material agreements to which the Company or any
        Subsidiary is a party or to which the property or assets of the Company or
        any
        Subsidiary are subject are included as part of or identified in the SEC Reports,
        to the extent such agreements are required to be included or identified pursuant
        to the rules and regulations of the SEC.

       

      (h)  Material
        Changes; Undisclosed Events, Liabilities or Developments;
        Solvency.  Since the date of the latest audited financial
        statements included within the SEC Reports, except as disclosed in the SEC
        Reports or in Schedule 3.1(h) hereto, (i) there has been no event,
        occurrence or development that, individually or in the aggregate, has had
        or
        that would result in a Material Adverse Effect, (ii) the Company has not
        incurred any material liabilities other than (A) trade payables and accrued
        expenses incurred in the ordinary course of business consistent with past
        practice and (B) liabilities not required to be reflected in the Company’s
        financial statements pursuant to GAAP or required to be disclosed in filings
        made with the SEC, (iii) the Company has not altered its method of
        accounting or changed its auditors, except as disclosed in its SEC Reports,
        (iv) the Company has not declared or made any dividend or distribution of
        cash or other property to its stockholders, in their capacities as such,
        or
        purchased, redeemed or made any agreements to purchase or redeem any shares
        of
        its capital stock, and (v) the Company has not issued any equity securities
        to any officer, director or Affiliate, except pursuant to existing Company
        stock-based plans.  The Company has not taken any steps to seek
        protection pursuant to any bankruptcy law nor does the Company have any
        knowledge or reason to believe that its creditors intend to initiate involuntary
        bankruptcy proceedings or any actual knowledge of any fact which would
        reasonably lead a creditor to do so.  The Company is not as of the
        date hereof, and after giving effect to the transactions contemplated hereby
        to
        occur on the Closing Date, will not be Insolvent (as defined
        below).  For purposes of this Section 3.1(h),
“Insolvent” means (i) the present fair saleable value of the
        Company’s assets is less than the amount required to pay the Company’s total
        Indebtedness (as defined in Section 3.1(aa)), (ii) the Company is unable
        to pay its debts and liabilities, subordinated, contingent or otherwise,
        as such
        debts and liabilities become absolute and matured, (iii) the Company intends
        to
        incur or believes that it will incur debts that would be beyond its ability
        to
        pay as such debts mature or (iv) the Company has unreasonably small capital
        with
        which to conduct the business in which it is engaged as such business is
        now
        conducted and is proposed to be conducted.

       

      (i)  Absence
        of Litigation.  Except as disclosed in the SEC Reports, there is
        no action, suit, claim, or Proceeding, or, to the Company’s knowledge, inquiry
        or investigation, before or by any court, public board, government agency,
        self-regulatory organization or body pending or, to the knowledge of the
        Company, threatened against or affecting the Company or any Subsidiary that
        would, individually or in the aggregate, have or be reasonably likely to
        result
        in a Material Adverse Effect.

       

      (j)  Compliance.  Except
        as would not, individually or in the aggregate, have or be reasonably likely
        to
        result in a Material Adverse Effect, (i)  neither the Company nor any
        Subsidiary is in default under or in violation of (and no event has occurred
        that has not been waived that, with notice or lapse of time or both, would
        result in a default by the Company or any Subsidiary under), nor has the
        Company
        or any Subsidiary received written notice of a claim that it is in default
        under
        or that it is in violation of, any indenture, loan or credit agreement or
        any
        other agreement or instrument to which it is a party or by which it or any
        of
        its properties is bound (whether or not such default or violation has been
        waived), (ii) neither the Company nor any Subsidiary is in violation of any
        order of any court, arbitrator or governmental body, or (iii)  neither the
        Company nor any Subsidiary is or has been in violation of any statute, rule
        or
        regulation of any governmental authority.

       

      (k)  Title
        to Assets.  Neither the Company nor any Subsidiary owns real
        property.  The Company and each Subsidiary has good and marketable
        title in all personal property owned by them that is material to the business
        of
        the Company and each Subsidiary, in each case free and clear of all Liens,
        except for Liens that do not, individually or in the aggregate, have or be
        reasonably likely to result in a Material Adverse Effect.  Any real
        property and facilities held under lease by the Company or any Subsidiary
        is
        held by it under valid, subsisting and enforceable leases of which the Company
        and each Subsidiary is in material compliance.

       

      (l)  No
        General Solicitation; Placement Agent’s Fees.  Neither the
        Company, nor any of its Affiliates, nor any Person acting on its or their
        behalf, has engaged in any form of general solicitation or general advertising
        (within the meaning of Regulation D) in connection with the offer or sale
        of the Securities.  The Company shall be responsible for the payment
        of any placement agent’s fees, financial advisory fees, or brokers’ commission
        (other than for persons engaged by any Investor or its investment advisor)
        relating to or arising out of the issuance of the Securities pursuant to
        this
        Agreement.  The Company acknowledges that is has engaged Jefferies
& Company, Inc. as its exclusive placement agent (the
“Agent”) in connection with the sale of the
        Securities.  Other than the Agent, the Company has not engaged any
        placement agent or other agent in connection with the sale of the
        Securities.

       

      (m)  Private
        Placement; Investment Company; U.S. Real Property Holding
        Corporation.  Neither the Company nor any of its Affiliates nor,
        any Person acting on the Company’s behalf has, directly or indirectly, at any
        time within the past six months, made any offer or sale of any security or
        solicitation of any offer to buy any security under circumstances that would
        (i) eliminate the availability of the exemption from registration under
        Regulation D under the Securities Act in connection with the offer and sale
        by the Company of the Securities as contemplated hereby or (ii) cause the
        offering of the Securities pursuant to the Transaction Documents to be
        integrated with prior offerings by the Company for purposes of any applicable
        law, regulation or stockholder approval provisions, including, without
        limitation, under the rules and regulations of any Trading
        Market.  Assuming the accuracy of the representations and warranties
        of the Investors set forth in Section 3.2, no registration under the
        Securities Act is required for the offer and sale of the Securities by the
        Company to the Investors as contemplated hereby. The sale and issuance of
        the
        Securities hereunder does not contravene the rules and regulations of any
        Trading Market on which the Common Stock is listed or quoted.  The
        Company is not required to be registered as an “investment company” within the
        meaning of the Investment Company Act of 1940, as amended.

       

      (n)  Listing
        and Maintenance Requirements.  Except as set forth on Schedule
        3.1(o) hereto, the Company has not, in the twelve months preceding the date
        hereof, received notice (written or oral) from any Trading Market on which
        the
        Common Stock is or has been listed or quoted to the effect that the Company
        is
        not in compliance with the listing or maintenance requirements of such Trading
        Market.  The Company is, and has no reason to believe that it will not
        in the foreseeable future continue to be, in compliance with all such listing
        and maintenance requirements.

       

      (o)  Registration
        Rights.  None of the execution of this Agreement or the issuance
        of the Securities as contemplated by this Agreement give rise to any rights
        (including “piggy-back” registration rights) to have any securities of the
        Company registered with the SEC or any other governmental authority that
        have
        not expired or been satisfied or waived, other than pursuant to the Registration
        Rights Agreement.

       

      (p)  Application
        of Takeover Protections.  The Company and its Board of Directors
        have taken all necessary action, if any, to render inapplicable any control
        share acquisition, business combination, poison pill (including any distribution
        under a rights agreement) or other similar anti-takeover provision under
        the
        Company’s charter documents or the laws of its state of incorporation that is or
        could become applicable to any of the Investors as a result of the Investors
        and
        the Company fulfilling their obligations or exercising their rights under
        the
        Transaction Documents, including, without limitation, as a result of the
        Company’s issuance of the Securities and the Investors’ ownership of the
        Securities.

       

      (q)  Disclosure.  [Intentionally
        Omitted]

       

      (r)  Acknowledgment
        Regarding Investors’ Purchase of Securities.  Based upon the
        assumption that the transactions contemplated by this Agreement are consummated
        in all material respects in conformity with the Transaction Documents, the
        Company acknowledges and agrees that each of the Investors (other than Excluded
        Investors) is acting solely in the capacity of an arm’s length purchaser with
        respect to the Transaction Documents and the transactions contemplated hereby
        and thereby.  The Company further acknowledges that no Investor (other
        than Excluded Investors) is acting as a financial advisor or fiduciary of
        the
        Company (or in any similar capacity) with respect to this Agreement and the
        transactions contemplated hereby and any advice given by any Investor (other
        than Excluded Investors) or any of their respective representatives or agents
        in
        connection with the Transaction Documents and the transactions contemplated
        hereby and thereby is merely incidental to the Investors’ purchase of the
        Securities.  The Company further represents to each Investor that the
        Company’s decision to enter into this Agreement has been based solely on the
        independent evaluation of the transactions contemplated hereby by the Company
        and its advisors and representatives.

       

      (s)  Patents
        and Trademarks.  The Company and each Subsidiary owns, or
        possesses adequate rights or licenses to use, all trademarks, trade names,
        service marks, service mark registrations, service names, patents, patent
        rights, copyrights, inventions, licenses, approvals, governmental
        authorizations, trade secrets and other intellectual property rights
        (“Intellectual Property Rights”) necessary to conduct their
        respective businesses as now conducted.  None of the Company’s or any
        Subsidiary’s Intellectual Property Rights have expired or terminated, or are
        expected to expire or terminate within three years from the date of this
        Agreement.  The Company does not have any knowledge of any
        infringement by the Company or any Subsidiary of Intellectual Property Rights
        of
        others.  Except as disclosed in the SEC Reports, there is no claim,
        action or proceeding being made or brought, or to the knowledge of the Company,
        being threatened, against the Company or any Subsidiary regarding its
        Intellectual Property Rights.

       

      (t)  Insurance.  The
        Company and each Subsidiary is insured by insurers of recognized financial
        responsibility against such losses and risks and in such amounts as are prudent
        and customary in the businesses and locations in which the Company and each
        Subsidiary is engaged.

       

      (u)  Regulatory
        Permits.  The Company and each Subsidiary possesses all
        certificates, authorizations and permits issued by the appropriate federal,
        state, local or foreign regulatory authorities necessary to conduct their
        respective businesses as presently conducted and described in the SEC Reports
        (“Material Permits”), except where the failure to possess such
        permits would not, individually or in the aggregate, have or reasonably be
        expected to result in a Material Adverse Effect, and neither the Company
        nor any
        Subsidiary has received any written notice of proceedings relating to the
        revocation or modification of any Material Permit.

       

      (v)  Transactions
        With Affiliates and Employees.  Except as set forth or
        incorporated by reference in the Company’s SEC Reports, none of the officers,
        directors or employees of the Company is presently a party to any transaction
        with the Company that would be required to be reported on Form 10-K by Item
        12
        thereof pursuant to Regulation SK Item 404(a) (other than for ordinary course
        services as employees, officers or directors), including any contract, agreement
        or other arrangement providing for the furnishing of services to or by,
        providing for rental of real or personal property to or from, or otherwise
        requiring payments to or from any such officer, director or employee or,
        to the
        Company’s knowledge, any corporation, partnership, trust or other entity in
        which any such officer, director, or employee has a substantial interest
        or is
        an officer, director, trustee or partner.

       

      (w)  Internal
        Accounting Controls.  The Company and each Subsidiary maintains a
        system of internal accounting controls sufficient to provide reasonable
        assurance that (i) transactions are executed in accordance with
        management’s general or specific authorizations, (ii) transactions are
        recorded as necessary to permit preparation of financial statements in
        conformity with generally accepted accounting principles and to maintain
        asset
        accountability, (iii) access to assets is permitted only in accordance with
        management’s general or specific authorization, and (iv) the recorded
        accountability for assets is compared with the existing assets at reasonable
        intervals and appropriate action is taken with respect to any
        differences.

       

      (x)  Sarbanes-Oxley
        Act. The Company is in compliance in all material respects with applicable
        requirements of the Sarbanes-Oxley Act of 2002 and applicable rules and
        regulations promulgated by the SEC thereunder, except where such noncompliance
        would not have, individually or in the aggregate, a Material Adverse
        Effect.

       

      (y)  Foreign
        Corrupt Practices.  Neither the Company nor any Subsidiary nor, to
        the knowledge of the Company, any director, officer, agent or employee acting
        on
        behalf of the Company or any Subsidiary has, in the course of its actions
        for,
        or on behalf of, the Company (i) used any corporate funds for any unlawful
        contribution, gift, entertainment or other unlawful expenses relating to
        political activity; (ii) made any direct or indirect unlawful payment to
        any
        foreign or domestic government official or employee or to any foreign or
        domestic political parties or campaigns from corporate funds; (iii) violated
        or
        is in violation in any material respect of any provision of the U.S. Foreign
        Corrupt Practices Act of 1977, as amended; or (iv) made any unlawful bribe,
        rebate, payoff, influence payment, kickback or other unlawful payment to
        any
        foreign or domestic government official or employee.

       

      (z)  Indebtedness.  Except
        as disclosed in the SEC Reports, neither the Company nor any Subsidiary (i)
        has
        any outstanding Indebtedness (as defined below), (ii) is in violation of
        any
        term of and is not in default under any contract, agreement or instrument
        relating to any Indebtedness, except where such violations and defaults would
        not result, individually or in the aggregate, in a Material Adverse Effect,
        and
        (iii) is a party to any contract, agreement or instrument relating to any
        Indebtedness, the performance of which, in the judgment of the Company’s
        officers, has or is expected to have a Material Adverse Effect.  For
        purposes of this Agreement:  (x) “Indebtedness” of
        any Person means, without duplication (A) all indebtedness for borrowed
        money, (B) all obligations issued, undertaken or assumed as the deferred
        purchase price of property or services (other than trade payables entered
        into
        in the ordinary course of business), (C) all reimbursement or payment
        obligations with respect to letters of credit, surety bonds and other similar
        instruments, (D) all obligations evidenced by notes, bonds, debentures or
        similar instruments, including obligations so evidenced incurred in connection
        with the acquisition of property, assets or businesses, (E) all indebtedness
        created or arising under any conditional sale or other title retention
        agreement, or incurred as financing, in either case with respect to any property
        or assets acquired with the proceeds of such indebtedness (even though the
        rights and remedies of the seller or bank under such agreement in the event
        of
        default are limited to repossession or sale of such property), (F) all monetary
        obligations under any leasing or similar arrangement which, in connection
        with
        generally accepted accounting principles, consistently applied for the periods
        covered thereby, is classified as a capital lease, (G) all indebtedness
        referred to in clauses (A) through (F) above secured by (or for which the
        holder
        of such Indebtedness has an existing right, contingent or otherwise, to be
        secured by) any mortgage, lien, pledge, charge, security interest or other
        encumbrance upon or in any property or assets (including accounts and contract
        rights) owned by any Person, even though the Person which owns such assets
        or
        property has not assumed or become liable for the payment of such indebtedness,
        and (H) all Contingent Obligations in respect of indebtedness or obligations
        of
        others of the kinds referred to in clauses (A) through (G) above; (y)
“Contingent Obligation” means, as to any Person, any direct or
        indirect liability, contingent or otherwise, of that Person with respect
        to any
        indebtedness, lease, dividend or other obligation of another Person if the
        primary purpose or intent of the Person incurring such liability, or the
        primary
        effect thereof, is to provide assurance to the obligee of such liability
        that
        such liability will be paid or discharged, or that any agreements relating
        thereto will be complied with, or that the holders of such liability will
        be
        protected (in whole or in part) against loss with respect thereto; and (z)
        “Person” means an individual, a limited liability company, a
        partnership, a joint venture, a corporation, a trust, an unincorporated
        organization, a government or any department or agency thereof and any other
        legal entity.

       

      (aa)  Employee
        Relations.  Neither the Company nor any Subsidiary is a party to
        any collective bargaining agreement or employs any member of a
        union.  Except as disclosed in the SEC Reports, during the period
        covered by the SEC Reports, no executive officer of the Company has notified
        the
        Company or any Subsidiary that such officer intends to leave the Company
        or a
        Subsidiary, as applicable, or otherwise terminate such officer’s employment with
        the Company or a Subsidiary, as applicable.  To the knowledge of the
        Company, no executive officer of the Company is in violation of any material
        term of any employment contract, confidentiality, disclosure or proprietary
        information agreement, non-competition agreement, or any other contract or
        agreement or any restrictive covenant, and the continued employment of each
        such
        executive officer does not subject the Company or any Subsidiary to any
        liability with respect to any of the foregoing matters.

       

      (bb)  Labor
        Matters.                                                      The
        Company and each Subsidiary is in compliance in all material respects with
        all
        federal, state, local and foreign laws and regulations respecting labor,
        employment and employment practices and benefits, terms and conditions of
        employment and wages and hours, except where failure to be in compliance
        would
        not, either individually or in the aggregate, reasonably be expected to result
        in a Material Adverse Effect.

       

      (cc)  Environmental
        Laws.  The Company and each Subsidiary (i) is in compliance in all
        material respects with any and all Environmental Laws (as hereinafter defined),
        (ii) has received all permits, licenses or other approvals required of them
        under applicable Environmental Laws to conduct their respective businesses
        and
        (iii) is in compliance in all material respects with all terms and conditions
        of
        any such permit, license or approval where, in each of the foregoing clauses
        (i), (ii) and (iii), the failure to so comply would be reasonably expected
        to
        have, individually or in the aggregate, a Material Adverse
        Effect.  The term “Environmental Laws” means all
        federal, state, local or foreign laws relating to pollution or protection
        of
        human health or the environment (including, without limitation, ambient air,
        surface water, groundwater, land surface or subsurface strata), including,
        without limitation, laws relating to emissions, discharges, releases or
        threatened releases of chemicals, pollutants, contaminants, or toxic or
        hazardous substances or wastes (collectively, “Hazardous
        Materials”) into the environment, or otherwise relating to the
        manufacture, processing, distribution, use, treatment, storage, disposal,
        transport or handling of Hazardous Materials, as well as all authorizations,
        codes, decrees, demands or demand letters, injunctions, judgments, licenses,
        notices or notice letters, orders, permits, plans or regulations issued,
        entered, promulgated or approved thereunder.

       

      (dd)  Subsidiary
        Rights.  The Company or one of its Subsidiaries has the
        unrestricted right to vote, and (subject to limitations imposed by applicable
        law) to receive dividends and distributions on, all capital securities of
        its
        Subsidiaries as owned by the Company or such Subsidiary.

       

      (ee)  Tax
        Status.  The Company and each Subsidiary (i) has made or filed all
        foreign, federal and state income and all other tax returns, reports and
        declarations required by any jurisdiction to which it is subject, (ii) has
        paid
        all taxes and other governmental assessments and charges that are material
        in
        amount, shown or determined to be due on such returns, reports and declarations,
        except those being contested in good faith and (iii) has set aside on its
        books
        provision reasonably adequate for the payment of all taxes for periods
        subsequent to the periods to which such returns, reports or declarations
        apply.  There are no unpaid taxes in any material amount claimed to be
        due by the taxing authority of any jurisdiction, and the officers of the
        Company
        know of no basis for any such claim.

       

      (ff)  Disclosure.  The
        Company confirms that neither it nor any other Person acting on its behalf
        has
        provided any of the Investors or their agents or counsel with any information
        that constitutes or could constitute material, nonpublic information other
        than
        information relating to the sale of the Common Shares and Warrants which
        will be
        made public upon issuance of the press release required pursuant to this
        Agreement which shall contain such information.  The Company
        understands and confirms that each of the Investors will rely on the foregoing
        representations in effecting transactions in securities of the
        Company.  The Disclosure Materials and the PowerPoint presentation
        provided to the Investors regarding the Company, when read together in their
        entirety, do not contain any untrue statement of a material fact or omit
        to
        state any material fact necessary in order to make the statements made therein,
        in the light of the circumstances under which they were made, not
        misleading.  Except for the transactions contemplated by this
        Agreement, no event or circumstance has occurred or information exists with
        respect to the Company or any of its Subsidiaries or its or their business,
        properties, prospects, operations or financial conditions, which, under
        applicable law, rule or regulation, requires public disclosure or announcement
        by the Company but which has not been so publicly announced or
        disclosed.  The Company acknowledges and agrees that no Investor makes
        or has made any representations or warranties with respect to the transactions
        contemplated hereby other than those set forth in the Transaction
        Documents.

       

      (gg)  Manipulation
        of Price.  In connection with the sale of the Common Shares, the
        Company has not, and to its knowledge no one acting on its behalf has, (i)
        taken, directly or indirectly, any action designed to cause or to result,
        or
        that could reasonably be expected to cause or result, in the stabilization
        or
        manipulation of the price of any security of the Company to facilitate the
        sale
        or resale of any of the Securities, (ii) sold, bid for, purchased, or paid
        any
        compensation, other than compensation paid to the Placement Agents, for
        soliciting purchases of, any of the Securities, or (iii) paid or agreed to
        pay
        to any person, other than the Placement Agents, any compensation for soliciting
        another to purchase any other securities of the Company.

       

      (hh)  No
        Additional Agreements.  The Company does not have any agreement or
        understanding with any Investor with respect to the transactions contemplated
        by
        the Transaction Documents other than as specified in this
        Agreement.

       

      3.2  Representations
        and Warranties of the Investors.  Each Investor hereby, as to
        itself only and for no other Investor, represents and warrants to the Company
        as
        follows:

       

      (a)  Organization;
        Authority.  Such Investor is an entity duly organized, validly
        existing and in good standing under the laws of the jurisdiction of its
        organization with the requisite corporate, partnership or other power and
        authority to enter into and to consummate the transactions contemplated by
        the
        Transaction Documents and otherwise to carry out its obligations hereunder
        and
        thereunder.  The purchase by such Investor of the Securities hereunder
        and the consummation of the transactions contemplated by the Transaction
        Documents have been duly authorized by all necessary corporate, partnership
        or
        other action on the part of such Investor.  This Agreement and the
        Transaction Documents to which such Investor is a party or has or will execute
        have been duly executed and delivered by such Investor and constitutes the
        valid
        and binding obligation of such Investor, enforceable against it in accordance
        with its terms, except (i) as limited by general equitable principles and
        applicable bankruptcy, insolvency, reorganization, moratorium and other laws
        of
        general application affecting enforcement of creditors’ rights generally, (ii)
        as limited by laws relating to the availability of specific performance,
        injunctive relief or other equitable remedies and (iii) insofar as
        indemnification and contribution provisions may be limited by applicable
        law.

       

      (b)  No
        Public Sale or Distribution.  Such Investor is (i) acquiring
        the Common Shares and the Warrants and (ii) upon exercise of the Warrants
        will acquire the Warrant Shares issuable upon exercise thereof, in the ordinary
        course of business for its own account and not with a view towards, or for
        resale in connection with, the public sale or distribution thereof, except
        pursuant to sales registered under the Securities Act or under an exemption
        from
        such registration and in compliance with applicable federal and state securities
        laws, and such Investor does not have a present arrangement to effect any
        distribution of the Securities to or through any person or entity;
provided, however, that by making the representations herein, such
        Investor does not agree to hold any of the Securities for any minimum or
        other
        specific term and reserves the right to dispose of the Securities at any
        time in
        accordance with or pursuant to a registration statement or an exemption under
        the Securities Act.

       

      (c)  Investor
        Status.  At the time such Investor was offered the Securities, it
        was, at the date hereof it is, and on the date which it exercises any Warrants
        it will be an “accredited investor” as defined in Rule 501(a) under the
        Securities Act or a “qualified institutional buyer” as defined in Rule 144A(a)
        under the Securities Act.  Such Investor is not a registered broker
        dealer registered under Section 15(a) of the Exchange Act, or a member of
        the
        Financial Industry Regulatory Authority, Inc. (“FINRA”) or an
        entity engaged in the business of being a broker dealer.  Except as
        otherwise disclosed in writing to the Company on Exhibit B-2 (attached
        hereto) on or prior to the date of this Agreement, such Investor is not
        affiliated with any broker dealer registered under Section 15(a) of the Exchange
        Act, or a member of the FINRA or an entity engaged in the business of being
        a
        broker dealer.

       

      (d)  General
        Solicitation.  Such Investor is not purchasing the Securities as a
        result of any advertisement, article, notice or other communication regarding
        the Securities published in any newspaper, magazine or similar media, broadcast
        over television or radio, disseminated over the Internet or presented at
        any
        seminar or any other general solicitation or general advertisement.

       

      (e)  Experience
        of Such Investor.  Such Investor, either alone or together with
        its representatives has such knowledge, sophistication and experience in
        business and financial matters so as to be capable of evaluating the merits
        and
        risks of the prospective investment in the Securities, and has so evaluated
        the
        merits and risks of such investment.  Such Investor understands that
        it must bear the economic risk of this investment in the Securities
        indefinitely, and is able to bear such risk and is able to afford a complete
        loss of such investment.

       

      (f)  Access
        to Information.  Such Investor acknowledges that it has reviewed
        the Disclosure Materials and has been afforded:  (i) the
        opportunity to ask such questions as it has deemed necessary of, and to receive
        answers from, representatives of the Company concerning the terms and conditions
        of the offering of the Securities and the merits and risks of investing in
        the
        Securities; (ii) access to information (other than material non-public
        information) about the Company and each Subsidiary and its financial condition,
        results of operations, business, properties, management and prospects sufficient
        to enable it to evaluate its investment; and (iii) the opportunity to
        obtain such additional information that the Company possesses or can acquire
        without unreasonable effort or expense that is necessary to make an informed
        investment decision with respect to the investment.  Neither such
        inquiries nor any other investigation conducted by or on behalf of such Investor
        or its representatives or counsel shall modify, amend or affect such Investor’s
        right to rely on the truth, accuracy and completeness of the Disclosure
        Materials and the Company’s representations and warranties contained in the
        Transaction Documents.  Such Investor acknowledges receipt of copies
        of the SEC Reports.

       

      (g)  No
        Governmental Review.  Such Investor understands that no United
        States federal or state agency or any other government or governmental agency
        has passed on or made any recommendation or endorsement of the Securities
        or the
        fairness or suitability of the investment in the Securities nor have such
        authorities passed upon or endorsed the merits of the offering of the
        Securities.

       

      (h)  No
        Conflicts.  The execution, delivery and performance by such
        Investor of this Agreement and the consummation by such Investor of the
        transactions contemplated hereby will not (i) result in a violation of the
        organizational documents of such Investor or (ii) conflict with, or
        constitute a default (or an event which with notice or lapse of time or both
        would become a default) under, or give to others any rights of termination,
        amendment, acceleration or cancellation of, any agreement, indenture or
        instrument to which such Investor is a party, or (iii) result in a
        violation of any law, rule, regulation, order, judgment or decree (including
        federal and state securities laws) applicable to such Investor, except in
        the
        case of clauses (ii) and (iii) above, for such that are not material and
        do not
        otherwise affect the ability of such Investor to consummate the transactions
        contemplated hereby or perform its obligations hereunder.

       

      (i)  Prohibited
        Transactions; Confidentiality.  No Investor, directly or
        indirectly, and no Person acting on behalf of or pursuant to any understanding
        with any Investor, has engaged in any purchases or sales of the securities
        of
        the Company, including derivatives (such purchases or sales, a
“Transaction”) (including, without limitation, any Short Sales
        involving any of the Company’s securities) since the time that such Investor was
        first contacted by the Company, the Agent or any other Person regarding an
        investment in the Company.  For purposes of clarification,
        "Transaction" shall not include the location and/or reservation of borrowable
        shares of Common Stock.  Such Investor covenants that neither it nor
        any Person acting on its behalf or pursuant to any understanding with such
        Investor will engage, directly or indirectly, in any Transactions in the
        securities of the Company (including Short Sales) prior to the time the
        transactions contemplated by this Agreement are publicly
        disclosed.  “Short Sales” include, without
        limitation, all “short sales” as defined in Rule 200
        promulgated under Regulation SHO under the Exchange Act and all types of
        direct
        and indirect stock pledges, forward sale contracts, options, puts, calls,
        short
        sales, swaps, derivatives and similar arrangements (including on a total
        return
        basis), and sales and other transactions through non-U.S. broker-dealers
        or
        foreign regulated brokers; provided, however, that "short sales" shall not
        include the location and/or reservation of borrowable shares of Common
        Stock.  Notwithstanding the foregoing, in the case of an Investor that
        is a multi-managed investment vehicle whereby separate portfolio managers
        manage
        separate portions of such Investor's assets and the portfolio managers have
        no
        knowledge of the investment decisions made by the portfolio managers managing
        other portions of such Investor's assets, the representation set forth above
        shall only apply with respect to the portion of assets managed by the portfolio
        manager that had or has knowledge of the transactions contemplated
        herein.

       

      (j)  No
        Legal, Tax or Investment Advice.  Such Investor understands that
        nothing in this Agreement or any other materials presented by or on behalf
        of
        the Company to the Investor in connection with the purchase of the Securities
        constitutes legal, tax or investment advice.  Such Investor has
        consulted such legal, tax and investment advisors as it, in its sole discretion,
        has deemed necessary or appropriate in connection with its purchase of the
        Securities.  Such Investor understands that the Agent has acted solely
        as the agent of the Company in this placement of the Securities, and that
        the
        Agent makes no representation or warranty with regard to the merits of this
        transaction or as to the accuracy of any information such Investor may have
        received in connection therewith.  Such Investor acknowledges that he
        has not relied on any information or advice furnished by or on behalf of
        the
        Agent.

       

      (k)  Reliance
        on Exemptions.  Such Investor understands that the Securities are
        being offered and sold to it in reliance on specific exemptions from the
        registration requirements of United States federal and state securities laws
        and
        that the Company is relying in part upon the truth and accuracy of, and such
        Investor’s compliance with, the representations, warranties, agreements,
        acknowledgments and understandings of such Investor set forth herein and
        in the
        other Transaction Documents in order to determine the availability of such
        exemptions and the eligibility of such Investor to acquire the
        Securities.

       

      (l)  Residency.  Such
        Investor is a resident of that jurisdiction specified below its address on
        the
        Schedule of Investors.

       

      (m)  Transfer
        or Resale.  Such Investor understands that: (i) the Securities
        have not been and are not being registered under the Securities Act or any
        state
        securities laws, and may not be offered for sale, sold, assigned or transferred
        unless (A) subsequently registered thereunder, (B) such Investor shall have
        delivered to the Company an opinion of counsel, in a form reasonably acceptable
        to the Company, to the effect that such Securities to be sold, assigned or
        transferred may be sold, assigned or transferred pursuant to an exemption
        from
        such registration, or (C) such Investor provides the Company with reasonable
        assurance that such Securities can be sold, assigned or transferred pursuant
        to
        Rule 144 promulgated under the Securities Act (or a successor rule thereto);
        (ii) any sale of the Securities made in reliance on Rule 144 may be made
        only in
        accordance with the terms of Rule 144 and further, if Rule 144 is not
        applicable, any resale of the Securities under circumstances in which the
        seller
        (or the Person through whom the sale is made) may be deemed to be an underwriter
        (as that term is defined in the Securities Act) may require compliance with
        some
        other exemption under the Securities Act or the rules and regulations of
        the SEC
        thereunder; and (iii) except as set forth in the Registration Rights Agreement,
        neither the Company nor any other Person is under any obligation to register
        the
        Securities under the Securities Act or any state securities laws or to comply
        with the terms and conditions of any exemption thereunder.  The
        Securities may be pledged in connection with a bona fide margin account or
        other
        loan or financing arrangement secured by the Securities and such pledge of
        Securities shall not be deemed to be a transfer, sale or assignment of the
        Securities hereunder, and no Investor effecting a pledge of Securities shall
        be
        required to provide the Company with any notice thereof or otherwise make
        any
        delivery to the Company pursuant to this Agreement or any other Transaction
        Document.

       

      (n)  Legends.  Such
        Investor understands that the certificates or other instruments representing
        the
        Common Shares and the Warrants and, until such time as the resale of the
        Common
        Shares and the Warrant Shares has been registered under the Securities Act
        as
        contemplated by the Registration Rights Agreement, the stock certificates
        representing the Warrant Shares, except as set forth below, shall bear any
        legend as required by the “blue sky” laws of any state and a restrictive legend
        in substantially the following form (and a stop-transfer order may be placed
        against transfer of such stock certificates):

       

      THESE
        SECURITIES HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION
        OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
        REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR ANY APPLICABLE STATE SECURITIES LAWS AND,
        ACCORDINGLY, MAY NOT BE OFFERED OR SOLD (I) IN THE ABSENCE OF (A) AN EFFECTIVE
        REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933,
        AS
        AMENDED, OR (B) AN OPINION OF COUNSEL, IN A GENERALLY ACCEPTABLE FORM, THAT
        REGISTRATION IS NOT REQUIRED UNDER SAID ACT AND APPLICABLE STATE SECURITIES
        LAWS
        OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID
        ACT..  THESE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE
        MARGIN ACCOUNT WITH A REGISTERED BROKER-DEALER OR OTHER LOAN WITH A FINANCIAL
        INSTITUTION THAT IS AN “ACCREDITED INVESTOR” AS DEFINED IN RULE 501(a) UNDER THE
        SECURITIES ACT OR OTHER LOAN SECURED BY SUCH SECURITIES.

       

      Such
        Investor understands that the legend set forth above shall be removed and
        the
        Company shall issue a certificate without such legend to the holder of the
        Securities upon which it is stamped or issue to such holder by electronic
        delivery at the applicable balance account at The Depository Trust Company
        ("DTC"), if, unless otherwise required by state securities
        laws, (i) such Securities are registered for resale under the Securities
        Act,
        (ii) in connection with a sale, assignment or other transfer, such holder
        provides the Company with an opinion of a law firm reasonably acceptable
        to the
        Company, in a form reasonably acceptable to the Company, to the effect that
        such
        sale, assignment or transfer of the Securities may be made without registration
        under the applicable requirements of the Securities Act, or (iii) such holder
        provides the Company with reasonable assurance that the Securities can be
        sold,
        assigned or transferred pursuant to Rule 144.  The Company shall be
        responsible for the fees of its transfer agent and all DTC fees associated
        with
        such issuance.

       

      ARTICLE
        IV

       

      OTHER
        AGREEMENTS OF THE PARTIES

       

      4.1  Transfer
        Restrictions.

       

      (a)  The
        Investors covenant that the Securities will only be disposed of pursuant
        to an
        effective registration statement under, and in compliance with the requirements
        of, the Securities Act or pursuant to an available exemption from the
        registration requirements of the Securities Act, and in compliance with any
        applicable state securities laws.  In connection with any transfer of
        Securities other than pursuant to an effective registration statement or
        to the
        Company, or any transfer of Securities pursuant to Rule 144(k) (or any portion
        of Rule 144 after February 15, 2008), the Company may require the transferor
        to
        provide to the Company an opinion of counsel selected by the transferor,
        the
        form and substance of which opinion shall be reasonably satisfactory to the
        Company, to the effect that such transfer does not require registration under
        the Securities Act.  Notwithstanding the foregoing, the Company hereby
        consents to and agrees to register on the books of the Company and with its
        Transfer Agent, without any such legal opinion, except to the extent that
        the
        transfer agent requests such legal opinion, any transfer of Securities by
        an
        Investor to an Affiliate of such Investor, provided that the transferee
        certifies to the Company that it is an “accredited investor” as defined in Rule
        501(a) under the Securities Act and provided that such Affiliate does not
        request any removal of any existing legends on any certificate evidencing
        the
        Securities.

       

      (b)  The
        Investors agree to the imprinting, until no longer required by this
Section 4.1(b), of the following legend on any certificate
        evidencing any of the Securities:

       

      THESE
        SECURITIES HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION
        OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
        REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR ANY APPLICABLE STATE SECURITIES LAWS AND,
        ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT (I) IN THE ABSENCE OF (A)
        AN
        EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES
        ACT OF
        1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL, IN A GENERALLY ACCEPTABLE
        FORM,
        THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT AND APPLICABLE STATE SECURITIES
        LAWS OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID
        ACT..  THESE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE
        MARGIN ACCOUNT WITH A REGISTERED BROKER-DEALER OR OTHER LOAN WITH A FINANCIAL
        INSTITUTION THAT IS AN “ACCREDITED INVESTOR” AS DEFINED IN RULE
        501(a) UNDER THE SECURITIES ACT OR OTHER LOAN SECURED BY SUCH
        SECURITIES.

       

      Certificates
        evidencing the Common Shares and the Warrant Shares shall not be required
        to
        contain such legend or any other legend (i) while a registration statement
        (including the Registration Statement) covering the resale of the Common
        Shares
        and the Warrant Shares is effective under the Securities Act, (ii) following
        any
        sale of such Securities pursuant to Rule 144 if the holder provides the Company
        with a legal opinion (and the documents upon which the legal opinion is based)
        reasonably acceptable to the Company to the effect that the Securities can
        be
        sold under Rule 144, (iii) if the Securities are eligible for sale under
        Rule
        144(k) (or any portion of Rule 144 after February 15, 2008), or (iv) if the
        holder provides the Company with a legal opinion (and the documents upon
        which
        the legal opinion is based) reasonably acceptable to the Company to the effect
        that the legend is not required under applicable requirements of the Securities
        Act (including controlling judicial interpretations and pronouncements issued
        by
        the Staff of the SEC).    The Company covenants and agrees
        that restrictive legends shall be removed and the Company shall issue a
        certificate without such legend to the holder of the Securities upon which
        it is
        stamped or issue to such holder by electronic delivery at the applicable
        balance
        account at DTC, if, unless otherwise required by state securities laws, (i)
        if
        such Securities are registered for resale under the Securities Act, (ii)
        in
        connection with a sale, assignment or other transfer, such holder provides
        the
        Company with an opinion of a law firm reasonably acceptable to the Company,
        in a
        form reasonably acceptable to the Company, to the effect that such sale,
        assignment or transfer of the Securities may be made without registration
        under
        the applicable requirements of the Securities Act, or (iii) such holder provides
        the Company with reasonable assurance that the Securities can be sold, assigned
        or transferred pursuant to Rule 144.  The Company shall be responsible
        for the fees of its transfer agent and all DTC fees associated with such
        issuance.  The Company shall cause its counsel to issue the legal
        opinion included in the Transfer Agent Instructions to the Transfer Agent
        on the
        Effective Date.  Following the Effective Date and provided the
        registration statement referred to in clause (i) above is then in effect,
        or at
        such earlier time as a legend is no longer required for certain Securities,
        the
        Company will no later than five Trading Days following the delivery by an
        Investor to the Company or the Transfer Agent (if delivery is made to the
        Transfer Agent a copy shall be contemporaneously delivered to the Company)
        of
        (i) a legended certificate representing such Securities (and, in the case
        of a
        requested transfer, endorsed or with stock powers attached, signatures
        guaranteed, and otherwise in form necessary to affect transfer), and (ii)
        an
        opinion of counsel to the extent required by Section 4.1(a), deliver or
        cause to be delivered to such Investor a certificate representing such
        Securities that is free from all restrictive and other legends.  The
        Company may not make any notation on its records or give instructions to
        the
        Transfer Agent that expand the restrictions on transfer set forth in this
        Section.

       

      If
        within
        three Trading Days after receipt by the Company or its Transfer Agent of
        a
        legended certificate and the other documents as specified in Clauses (i)
        and
        (ii) of the paragraph immediately above, the Company shall fail to cause
        to be
        issued and delivered to such Investor a certificate representing such Securities
        that is free from all restrictive and other legends, and if on or after such
        Trading Day the Investor purchases (in an open market transaction or otherwise)
        shares of Common Stock to deliver in satisfaction of a sale by the Investor
        of
        shares of Common Stock that the Investor anticipated receiving from the Company
        without any restrictive legend (the “Covering Shares”), then
        the Company shall, within three Trading Days after the Investor’s request, pay
        cash to the Investor in an amount equal to the excess (if any) of the Investor’s
        total purchase price (including brokerage commissions, if any) for the Covering
        Shares, over the product of (A) the number of Covering Shares, times (B)
        the
        closing bid price on the date of delivery of such certificate and the other
        documents as specified in Clauses (i) and (ii) of the paragraph immediately
        above.

       

      (c)  The
        Company will not object to and shall permit (except as prohibited by law)
        an
        Investor to pledge or grant a security interest in some or all of the Securities
        in connection with a bona fide margin agreement with a registered broker-dealer
        or grant a security interest in some or all of the Securities to a financial
        institution that is an “accredited investor” as defined in Rule 501(a) under the
        Securities Act and who agrees to be bound by the provisions of this Agreement,
        and if required under the terms of such arrangement, the Company will not
        object
        to and shall permit (except as prohibited by law) such Investor to transfer
        pledged or secured Securities to the pledgees or secured
        parties.  Except as required by law, such a pledge or transfer would
        not be subject to approval of the Company, no legal opinion of the pledgee,
        secured party or pledgor shall be required in connection therewith (but such
        legal opinion shall be required in connection with a subsequent transfer
        or
        foreclosure following default by the Purchaser transferee of the pledge),
        and no
        notice shall be required of such pledge.  Each Investor acknowledges
        that the Company shall not be responsible for any pledges relating to, or
        the
        grant of any security interest in, any of the Securities or for any agreement,
        understanding or arrangement between any Investor and its pledgee or secured
        party.  At the appropriate Investor’s expense, the Company will
        execute and deliver such reasonable documentation as a pledgee or secured
        party
        of Securities may reasonably request in connection with a pledge or transfer
        of
        the Securities, including the preparation and filing of any required prospectus
        supplement under Rule 424(b)(3) of the Securities Act or other applicable
        provision of the Securities Act to appropriately amend the list of Selling
        Stockholders thereunder. Provided that the Company is in compliance with
        the
        terms of this Section 4.1(c), the Company’s indemnification obligations
        pursuant to Section 7.18 shall not extend to any Proceeding or Losses
        arising out of or related to this Section 4.1(c).

       

      4.2  Furnishing
        of Information.  Until the date that any Investor owning Common
        Shares or Warrant Shares may sell all of them under Rule 144(k) (or Rule
        144
        after February 15, 2008) of the Securities Act (or any successor provision),
        the
        Company covenants to use its commercially reasonable best efforts to timely
        file
        (or obtain extensions in respect thereof and file within the applicable grace
        period) all reports required to be filed by the Company after the date hereof
        pursuant to the Exchange Act.  The Company further covenants that it
        will take such further action as any holder of Securities may reasonably
        request
        to satisfy the provisions of this Section 4.2.  The Company
        shall submit to the SEC, as soon as practicable (but in no event later than
        three (3) Business Days) after the Company learns that no review of a particular
        Registration Statement will be made by the staff of the SEC or that the staff
        has no further comments on a particular Registration Statement, as the case
        may
        be, a request for acceleration of effectiveness of such Registration Statement
        to a time and date not later than two (2) Business Days after the submission
        of
        such request.

       

      4.3  Integration.  The
        Company shall not, and shall use its commercially reasonable best efforts
        to
        ensure that no Affiliate thereof shall, sell, offer for sale or solicit offers
        to buy or otherwise negotiate in respect of any security (as defined in
        Section 2 of the Securities Act) that would be integrated with the offer or
        sale of the Securities in a manner that would require the registration under
        the
        Securities Act of the sale of the Securities to the Investors or that would
        be
        integrated with the offer or sale of the Securities for purposes of the rules
        and regulations of any Trading Market.

       

      4.4  Securities
        Laws Disclosure; Publicity.  The Company shall issue a press
        release disclosing all material terms of the transactions contemplated hereby
        at
        or before 9:00 a.m., New York time, on February 15, 2008.  Within two
        business days of the date hereof, the Company shall file a Current Report
        on
        Form 8-K with the SEC (the “8-K Filing”) describing the terms
        of the transactions contemplated by the Transaction Documents and including
        as
        exhibits to such Current Report on Form 8-K the material Transaction Documents
        and the form of Warrants, in the form required by the Exchange
        Act.  Thereafter, the Company shall timely file any filings and
        notices required by the SEC or applicable law with respect to the transactions
        contemplated hereby.  Except as herein provided or in connection with
        the filing of the 8-K Filing or Registration Statement, neither the Company
        nor
        any Subsidiary shall publicly disclose the name of any Investor, or include
        the
        name of any Investor in any press release without the prior written consent
        of
        such Investor (which consent shall not be unreasonably withheld or delayed),
        unless otherwise required by law, regulatory authority or Trading
        Market.  No Investor will be in possession of material non-public
        information received from the Company or any Person acting on its behalf
        that is
        not disclosed in the press release referenced above and neither the Company
        nor
        any Subsidiary shall, and shall cause each of their respective officers,
        directors, employees and agents not to, provide any Investor with any material
        nonpublic information regarding the Company or any Subsidiary from and after
        the
        issuance of the above referenced press release without the express written
        consent of such Investor.

       

      4.5  Use
        of
        Proceeds.  The Company intends to use the net proceeds from the
        sale of the Securities to purchase the telecommunications assets of Intel
        Corp.’s optical platform division, future potential acquisitions, working
        capital and general corporate purposes.  The Company also may use a
        portion of the net proceeds, currently intended for general corporate purposes,
        to acquire or invest in technologies, products or services that complement
        its
        business, although the Company has no present plans or commitments and is
        not
        currently engaged in any material negotiations with respect to these types
        of
        transactions.  Pending these uses, the Company intends to invest the
        net proceeds from this offering in short-term, interest-bearing,
        investment-grade securities, or as otherwise pursuant to the Company’s customary
        investment policies.

       

      4.6           Additional
        Registration Statements.  From the date hereof and until the date
        that is forty-five (45) calendar days after the earlier of (i) the Effective
        Date and (ii) the last day of the Registration Period (each as defined in
        the
        Registration Rights Agreement) (the "Trigger Date"), the Company shall not
        file
        a registration statement under the 1933 Act (other than on Form S-8) relating
        to
        securities that are not the Securities.

       

      4.7           Additional
        Issuances.  From the date hereof until the Trigger Date, other
        than Excluded Securities, the Company will not, directly or indirectly, offer,
        sell, grant any option to purchase, or otherwise dispose of (or announce
        any
        offer, sale, grant or any option to purchase or other disposition of) any
        of its
        or its Subsidiaries' equity or equity equivalent securities, including without
        limitation any debt, preferred stock or other instrument or security that
        is, at
        any time during its life and under any circumstances, convertible into or
        exchangeable or exercisable for shares of Common Stock, Options or Convertible
        Securities.

       

      

       

      ARTICLE
        V

       

      CONDITIONS

       

      5.1  Conditions
        Precedent to the Obligations of the Investors.  The obligation of
        each Investor to acquire Securities at the Closing is subject to the
        satisfaction or waiver by such Investor, at or before the Closing, of each
        of
        the following conditions:

       

      (a)  Representations
        and Warranties.  The representations and warranties of the Company
        contained herein shall be true and correct in all material respects as of
        the
        date when made and as of the Closing as though made on and as of such date
        (except for those representations and warranties that speak as of a specific
        date, which shall be true and correct as of such specified date);
        and

       

      (b)  Performance.  The
        Company and each other Investor shall have performed, satisfied and complied
        in
        all material respects with all covenants, agreements and conditions required
        by
        the Transaction Documents to be performed, satisfied or complied with by
        it at
        or prior to the Closing.

       

      (c)  No
        Suspensions of Trading in Common Stock; Listing. Trading in the Common Stock
        shall not have been suspended by the SEC or any Trading Market (except for
        any
        suspensions of trading of not more than one Trading Day solely to permit
        dissemination of material information regarding the Company) at any time
        since
        the date of execution of this Agreement, and the Common Stock shall have
        been at
        all times since such date listed for trading on a Trading Market.

       

      (d)  Absence
        of Litigation. No action, suit or proceeding by or before any court or any
        governmental body or authority, against the Company or any Subsidiary or
        pertaining to the transactions contemplated by this Agreement or their
        consummation, shall have been instituted on or before the Closing Date, which
        action, suit or proceeding would, if determined adversely, have a Material
        Adverse Effect.

       

      (e)  Approvals.  The
        Company shall have obtained all governmental, regulatory or third party consents
        and approvals, if any, necessary for the sale of the Securities.

       

      (f)  Deliverables.  The
        Company shall have executed each of the Transaction Documents to which it
        is a
        party and delivered the same to the Company.  The Company shall have
        delivered to the Investors those items required by Section
        2.2(a).

       

      (g)  Management
        Lock-up Agreements.  The Company shall have delivered to the
        Investors the lock-up agreements in the forms of Exhibit F hereof,
        executed by Reuben F. Richards, Hong Hou, Adam Gushard, John Iannelli and
        Keith
        Kosco (the "Lock-Up Agreements").

       

      (h)  Aggregate
        Purchase Price.  The aggregate purchase price for all Securities
        shall not exceed $100,000,000.00.

       

      5.2  Conditions
        Precedent to the Obligations of the Company.  The obligation of
        the Company to sell the Securities at the Closing is subject to the satisfaction
        or waiver by the Company, at or before the Closing, of each of the following
        conditions:

       

      (a)  Representations
        and Warranties.  The representations and warranties of the
        Investors contained herein shall be true and correct in all material respects
        as
        of the date when made and as of the Closing Date as though made on and as
        of
        such date (except for those representations and warranties that speak as
        of a
        specific date, which shall be true and correct as of such specified date);
        and

       

      (b)  Performance.  The
        Investors shall have performed, satisfied and complied in all material respects
        with all covenants, agreements and conditions required by the Transaction
        Documents to be performed, satisfied or complied with by the Investors at
        or
        prior to the Closing.

       

      (c)  Deliverables.  The
        Investors shall have executed each of the Transaction Documents to which
        it is a
        party and delivered the same to the Company.  The Investors shall have
        delivered to the Company those items required by Section
        2.2(b).

       

      ARTICLE
        VI

       

      INTENTIONALLY
        OMITTED

       

      ARTICLE
        VII

       

      MISCELLANEOUS

       

      7.1  Termination.  This
        Agreement may be terminated by the Company or any Investor, by written notice
        to
        the other parties, if the Closing has not been consummated by the fifth Trading
        Day following the date of this Agreement; provided that no such termination
        will
        affect the right of any party to sue for any breach by the other party (or
        parties).

       

      7.2  Fees
        and Expenses.  Except as expressly set forth in the Transaction
        Documents to the contrary, each party shall pay the fees and expenses of
        its
        advisers, counsel, accountants and other experts, if any, and all other expenses
        incurred by such party incident to the negotiation, preparation, execution,
        delivery and performance of this Agreement.  The Company shall pay all
        Transfer Agent fees, stamp taxes and other taxes and duties levied in connection
        with the sale and issuance of the applicable Securities.

       

      7.3  Entire
        Agreement.  The Transaction Documents, together with the Exhibits,
        Annexes and Schedules thereto, contain the entire understanding of the parties
        with respect to the subject matter hereof and supersede all prior agreements
        and
        understandings, oral or written, with respect to such matters, which the
        parties
        acknowledge have been merged into such documents, exhibits and
        schedules.  At or after the Closing, and without further
        consideration, the Company and the Investors will execute and deliver to
        the
        Investors such further documents as may be reasonably requested in order
        to give
        practical effect to the intention of the parties under the Transaction
        Documents.

       

      7.4  Notices.  Any
        and all notices or other communications or deliveries required or permitted
        to
        be provided hereunder shall be in writing and shall be deemed given and
        effective on the earliest of (a) the date of transmission and electronic or
        mechanical confirmation of receipt, if such notice or communication is delivered
        via facsimile or email at the facsimile number or email address specified
        in
        this Section  prior to 6:30 p.m. (New York City time) on a Trading Day,
        (b) the next Trading Day after the date of transmission and electronic or
        mechanical confirmation of receipt, if such notice or communication is delivered
        via facsimile or email at the facsimile number or email address specified
        in
        this Section on a day that is not a Trading Day or later than 6:30 p.m. (New
        York City time) on any Trading Day, (c) the Trading Day following the date
        of deposit with a nationally recognized overnight courier service, or
        (d) upon actual receipt by the party to whom such notice is required to be
        given.  The addresses, facsimile numbers and email addresses for such
        notices and communications are those set forth on the signature pages hereof,
        or
        such other address or facsimile number as may be designated in writing
        hereafter, in the same manner, by any such Person.  In addition, a
        copy (solely for informational purposes) of any notice required to be delivered
        to any Investor shall be delivered to the following address:

       

      Schulte
        Roth & Zabel LLP

       

      919
        Third
        Avenue

       

      New
        York,
        New York  10022

       

      Telephone:                                (212)
        756-2000

       

      Facsimile:                                (212)
        593-5955

       

      E-Mail:                      eleazer.klein@srz.com

       

      Attention:                                Eleazer
        N. Klein, Esq.

       

      7.5  Amendments;
        Waivers.  No provision of this Agreement may be waived or amended
        except in a written instrument signed, in the case of an amendment, by the
        Company and each of the Investors or, in the case of a waiver, by the party
        against whom enforcement of any such waiver is sought.  No waiver of
        any default with respect to any provision, condition or requirement of this
        Agreement shall be deemed to be a continuing waiver in the future or a waiver
        of
        any subsequent default or a waiver of any other provision, condition or
        requirement hereof, nor shall any delay or omission of any party to exercise
        any
        right hereunder in any manner impair the exercise of any such
        right.  No amendment shall be effective to the extent that it applies
        to less than all of the holders of the applicable Securities  then
        outstanding.  No consideration (other than the reimbursement of legal
        fees) shall be offered or paid to any Person to amend or consent to a waiver
        or
        modification of any provision of any of the Transaction Documents unless
        the
        same consideration also is offered to all of the parties to the Transaction
        Documents or holders of the Warrants, as the case may be.  The Company
        has not, directly or indirectly, made any agreements with any Investors relating
        to the terms or conditions of the transactions contemplated by the Transaction
        Documents except as set forth in the Transaction Documents.  Without
        limiting the foregoing, the Company confirms that, except as set forth in
        this
        Agreement, no Investor has made any commitment or promise or has any other
        obligation to provide any financing to the Company or otherwise.

       

      7.6  Construction.  The
        headings herein are for convenience only, do not constitute a part of this
        Agreement and shall not be deemed to limit or affect any of the provisions
        hereof.  The language used in this Agreement will be deemed to be the
        language chosen by the parties to express their mutual intent, and no rules
        of
        strict construction will be applied against any party.

       

      7.7  Successors
        and Assigns.  This Agreement shall be binding upon and inure to
        the benefit of the parties and their successors and permitted
        assigns.  The Company may not assign this Agreement or any rights or
        obligations hereunder without the prior written consent of the Investors;
        provided, however this Agreement shall be assigned to any
        corporation or association into which the Company may be merged or converted
        or
        with which it may be consolidated, or any corporation, association or other
        similar entity resulting from any merger, conversion or consolidation to
        which
        the Company shall be a party without the execution or filing of any paper
        with
        any partner hereto or any further act on the part of any of the parties to
        this
        Agreement except where an instrument of transfer or assignment is required
        by
        law to effect such succession, anything herein to the contrary
        notwithstanding.  Any Investor may assign its rights under this
        Agreement to any Person to whom such Investor assigns or transfers any
        Securities, provided (i) such transferor agrees in writing with the transferee
        or assignee to assign such rights, and a copy of such agreement is furnished
        to
        the Company after such assignment, (ii) the Company is furnished with written
        notice of the name and address of such transferee or assignee and (iii) such
        transferee agrees in writing to be bound, with respect to the transferred
        Securities, by the provisions hereof that apply to the
“Investors.”

       

      7.8  No
        Third-Party Beneficiaries.  This Agreement is intended for the
        benefit of the parties hereto and their respective successors and permitted
        assigns and is not for the benefit of, nor may any provision hereof be enforced
        by, any other Person.

       

      7.9  Governing
        Law; Venue; Waiver of Jury Trial.  THE CORPORATE LAWS OF THE STATE
        OF NEW JERSEY SHALL GOVERN ALL ISSUES CONCERNING THE RELATIVE RIGHTS OF THE
        COMPANY AND ITS STOCKHOLDERS.  ALL QUESTIONS CONCERNING THE
        CONSTRUCTION, VALIDITY, ENFORCEMENT AND INTERPRETATION OF THIS AGREEMENT
        SHALL
        BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
        NEW
        YORK.  THE COMPANY AND INVESTORS HEREBY IRREVOCABLY SUBMIT TO THE
        NON-EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS SITTING IN THE
        CITY
        OF NEW YORK, BOROUGH OF MANHATTAN FOR THE ADJUDICATION OF ANY DISPUTE BROUGHT
        BY
        THE COMPANY OR ANY INVESTOR HEREUNDER, IN CONNECTION HEREWITH OR WITH ANY
        TRANSACTION CONTEMPLATED HEREBY OR DISCUSSED HEREIN (INCLUDING WITH RESPECT
        TO
        THE ENFORCEMENT OF ANY OF THE TRANSACTION DOCUMENTS), AND HEREBY IRREVOCABLY
        WAIVE, AND AGREE NOT TO ASSERT IN ANY SUIT, ACTION OR PROCEEDING BROUGHT
        BY THE
        COMPANY OR ANY INVESTOR, ANY CLAIM THAT IT IS NOT PERSONALLY SUBJECT TO THE
        JURISDICTION OF ANY SUCH COURT, OR THAT SUCH SUIT, ACTION OR PROCEEDING IS
        IMPROPER.  EACH PARTY HEREBY IRREVOCABLY WAIVES PERSONAL SERVICE OF
        PROCESS AND CONSENTS TO PROCESS BEING SERVED IN ANY SUCH SUIT, ACTION OR
        PROCEEDING BY MAILING A COPY THEREOF VIA REGISTERED OR CERTIFIED MAIL OR
        OVERNIGHT DELIVERY (WITH EVIDENCE OF DELIVERY) TO SUCH PARTY AT THE ADDRESS
        IN
        EFFECT FOR NOTICES TO IT UNDER THIS AGREEMENT AND AGREES THAT SUCH SERVICE
        SHALL
        CONSTITUTE GOOD AND SUFFICIENT SERVICE OF PROCESS AND NOTICE
        THEREOF.  NOTHING CONTAINED HEREIN SHALL BE DEEMED TO LIMIT IN ANY WAY
        ANY RIGHT TO SERVE PROCESS IN ANY MANNER PERMITTED BY LAW.  THE
        COMPANY AND INVESTORS HEREBY WAIVE ALL RIGHTS TO A TRIAL BY JURY.

       

      7.10  Survival.  Unless
        this Agreement is terminated under Section 7.1, the representations and
        warranties, agreements and covenants contained herein shall survive the Closing
        Date.  Each Investor shall be responsible solely for its own
        representations, warranties, agreements and covenants hereunder.

       

      7.11  Execution.  This
        Agreement may be executed in two or more counterparts, all of which when
        taken
        together shall be considered one and the same agreement and shall become
        effective when counterparts have been signed by each party and delivered
        to the
        other party, it being understood that both parties need not sign the same
        counterpart.  In the event that any signature is delivered by
        facsimile transmission or email attachment, such signature shall create a
        valid
        and binding obligation of the party executing (or on whose behalf such signature
        is executed) with the same force and effect as if such facsimile or
        email-attached signature page were an original thereof.

       

      7.12  Severability.  If
        any provision of this Agreement is held to be invalid or unenforceable in
        any
        respect, the validity and enforceability of the remaining terms and provisions
        of this Agreement shall not in any way be affected or impaired thereby and
        the
        parties will attempt to agree upon a valid and enforceable provision that
        is a
        reasonable substitute therefor, and upon so agreeing, shall incorporate such
        substitute provision in this Agreement.

       

      7.13  Rescission
        and Withdrawal Right.  Notwithstanding anything to the contrary
        contained in (and without limiting any similar provisions of) the Transaction
        Documents, whenever any Investor exercises a right, election, demand or option
        owed to such Investor by the Company under a Transaction Document and the
        Company does not timely perform its related obligations within the periods
        therein provided, then, prior to the performance by the Company of the Company’s
        related obligation, such Investor may rescind or withdraw, in its sole
        discretion from time to time upon written notice to the Company, any relevant
        notice, demand or election in whole or in part without prejudice to its future
        actions and rights.

       

      7.14  Replacement
        of Securities.  If any certificate or instrument evidencing any
        Securities is mutilated, lost, stolen or destroyed, the Company shall issue
        or
        cause to be issued in exchange and substitution for and upon cancellation
        thereof, or in lieu of and substitution therefor, a new certificate or
        instrument, but only upon receipt of evidence reasonably satisfactory to
        the
        Company of such loss, theft or destruction and the execution by the holder
        thereof of a customary lost certificate affidavit of that fact and an agreement
        to indemnify and hold harmless the Company for any losses in connection
        therewith.  The applicants for a new certificate or instrument under
        such circumstances shall also pay any reasonable third-party costs associated
        with the issuance of such replacement Securities.

       

      7.15  Remedies.  In
        addition to being entitled to exercise all rights provided herein or granted
        by
        law, including recovery of damages, each of the Investors and the Company
        will
        be entitled to seek specific performance under the Transaction
        Documents.  The parties agree that monetary damages may not be
        adequate compensation for any loss incurred by reason of any breach of
        obligations described in the foregoing sentence and hereby agree to waive
        in any
        action for specific performance of any such obligation (other than in connection
        with any action for a temporary restraining order) the defense that a remedy
        at
        law would be adequate.

       

      7.16  Payment
        Set Aside.  To the extent that the Company makes a payment or
        payments to any Investor hereunder or any Investor enforces or exercises
        its
        rights hereunder, and such payment or payments or the proceeds of such
        enforcement or exercise or any part thereof are subsequently invalidated,
        declared to be fraudulent or preferential, set aside, recovered from, disgorged
        by or are required to be refunded, repaid or otherwise restored to the Company
        by a trustee, receiver or any other person under any law (including, without
        limitation, any bankruptcy law, state or federal law, common law or equitable
        cause of action), then to the extent of any such restoration the obligation
        or
        part thereof originally intended to be satisfied shall be revived and continued
        in full force and effect as if such payment had not been made or such
        enforcement or setoff had not occurred.

       

      7.17  Adjustments
        in Share Numbers and Prices.  In the event of any stock split,
        subdivision, dividend or distribution payable in shares of Common Stock (or
        other securities or rights convertible into, or entitling the holder thereof
        to
        receive directly or indirectly shares of Common Stock), combination or other
        similar recapitalization or event occurring after the date hereof, each
        reference in any Transaction Document to a number of shares or a price per
        share
        shall be amended to appropriately account for such event.

       

      7.18  Indemnification.  In
        consideration of each Investor's execution and delivery of the Transaction
        Documents and acquiring the Securities thereunder and in addition to all
        of the
        Company's other obligations under the Transaction Documents, the Company
        shall
        defend, protect, indemnify and hold harmless each Investor and each other
        holder
        of the Securities and all of their stockholders, partners, members, officers,
        directors, employees and direct or indirect investors and any of the foregoing
        Persons' agents or other representatives (including, without limitation,
        those
        retained in connection with the transactions contemplated by this Agreement)
        (collectively, the "Indemnitees") from and against any and all
        actions, causes of action, suits, claims, losses, costs, penalties, fees,
        liabilities and damages, and expenses in connection therewith (irrespective
        of
        whether any such Indemnitee is a party to the action for which indemnification
        hereunder is sought), and including reasonable attorneys' fees and disbursements
        (the "Indemnified Liabilities"), incurred by any Indemnitee as
        a result of, or arising out of, or relating to (a) any misrepresentation
        or
        breach of any representation or warranty made by the Company in the Transaction
        Documents or (b) any breach of any covenant, agreement or obligation of the
        Company contained in the Transaction Documents.  To the extent that
        the foregoing undertaking by the Company may be unenforceable for any reason,
        the Company shall make the maximum contribution to the payment and satisfaction
        of each of the Indemnified Liabilities that is permissible under applicable
        law.  Except as otherwise set forth herein, the mechanics and
        procedures with respect to the rights and obligations under this Section
        7.18
        shall be the same as those set forth in the Registration Rights
        Agreement.

       

      7.19  Independent
        Nature of Investors’ Obligations and Rights.  The obligations of
        each Investor under any Transaction Document are several and not joint with
        the
        obligations of any other Investor, and no Investor shall be responsible in
        any
        way for the performance of the obligations of any other Investor under any
        Transaction Documents.  The decision of each Investor to purchase
        Securities pursuant to this Agreement has been made by such Investor
        independently of any other Investor and independently of any information,
        materials, statements or opinions as to the business, affairs, operations,
        assets, properties, liabilities, results of operations, condition (financial
        or
        otherwise) or prospects of the Company which may have been made or given
        by any
        other Investor or by any agent or employee of any other Investor, and no
        Investor or any of its agents or employees shall have any liability to any
        other
        Investor (or any other person) relating to or arising from any such information,
        materials, statements or opinions.  Nothing contained herein or in any
        Transaction Document, and no action taken by any Investor pursuant thereto,
        shall be deemed to constitute the Investors as a partnership, an association,
        a
        joint venture or any other kind of entity, or create a presumption that the
        Investors are in any way acting in concert or as a group with respect to
        such
        obligations or the transactions contemplated by the Transaction
        Document.  Each Investor acknowledges that no other Investor has acted
        as agent for such Investor in connection with making its investment hereunder
        and that no other Investor will be acting as agent of such Investor in
        connection with monitoring its investment hereunder.  Each Investor
        shall be entitled to independently protect and enforce its rights, including
        without limitation the rights arising out of this Agreement or out of the
        other
        Transaction Documents, and it shall not be necessary for any other Investor
        to
        be joined as an additional party in any Proceeding for such
        purpose.

       

       

      [SIGNATURE
        PAGES TO FOLLOW]

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the parties hereto have caused this Securities Purchase
        Agreement to be duly executed by their respective authorized signatories
        as of
        the date first indicated above.

       

      
        	
                EMCORE
                  CORPORATION

              
	
                By: /s/
                  Adam Gushard

              
	
                Name:  Adam
                  Gushard

              
	
                Title:  Chief
                  Financial Officer

              
	
                Address
                  for Notice:

              
	
                10420
                  Research Road, SE

              
	
                Albuquerque,
                  New Mexico 87123

              
	
                Facsimile
                  No.:  (505) 332-5000

              
	
                Telephone
                  No.: (505) 332-5038

              
	
                Attn:

              
	
                With
                  a copy to:

              
	
                Jones
                  Day

              
	
                1755
                  Embarcadero Road

              
	
                Palo
                  Alto, CA  94303

              
	
                Facsimile
                  No.: (650) 739-3900

              
	
                Telephone
                  No.: (650) 739-3997

              
	
                Attn:  Steve
                  Gillette

              
	 
	
                and

              
	 
	
                Jones
                  Day

              
	
                51
                  Louisiana Avenue, NW

              
	
                Washington,
                  D.C.  20001

              
	
                Facsimile
                  No.:  (201) 626-1700

              
	
                Telephone
                  No.: (202) 879-3483

              
	
                Attn:  John
                  Welch

              

      

       

      SPA
        COMPANY SIGNATURE PAGE

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 13, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                Polar
                  Securities
                  Inc.                                                                 

              
	 
	
                By:                /s/
                  Robyn
                  Schultz                                                 

              
	
                Name:                Robyn
                  Schultz

              
	
                Title:                VP,
                  Polar Securities Inc. (as IA for

                certain
                  managed
                  accounts)

              
	
                Address:372
                  Bay St., 21st
                  Fl                                                                 Toronto, ON

                M5R2W9                                                 

              
	
                Telephone
                  No.:                                                                  416-367-4364

              
	
                Facsimile
                  No.:                                                                  416-367-0567

              
	
                Email
                  Address: rschultz@polarsec.com

              
	
                Number
                  of
                  Shares: 283,100                                                                 

              
	
                Aggregate
                  Purchase Price: $3,538,750

              
	
                Number
                  of
                  Warrants:  49,543                                                                 

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                 

              	
                BMO
                  Nesbitt Burns Inc.

              

      

      
        	
                 

              	
                Account
                  Reference:  402-20080, Altairis
                  Offshore

              

      

      
        	
                 

              	
                1
                  First Canadian Place, 35th
                  Floor

              

      

      
        	
                 

              	
                Toronto,
                  ON  M5X 1H3

              

      

      
        	
                 

              	
                Attn:  Jennifer
                  Scotland, 416-359-4972

              

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 13, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                Polar
                  Securities
                  Inc.                                                                 

              
	 
	
                By:                /s/
                  Robyn
                  Schultz                                                 

              
	
                Name:                Robyn
                  Schultz

              
	
                Title:                VP,
                  Polar Securities Inc. (as IA for

                certain
                  managed
                  accounts)

              
	
                Address:372
                  Bay St., 21st
                  Fl                                                                 Toronto, ON

                M5R2W9                                                 

              
	
                Telephone
                  No.:                                                                  416-367-4364

              
	
                Facsimile
                  No.:                                                                  416-367-0567

              
	
                Email
                  Address: rschultz@polarsec.com

              
	
                Number
                  of
                  Shares:  54,000                                                                 

              
	
                Aggregate
                  Purchase Price: $680,000

              
	
                Number
                  of
                  Warrants:  9,520                                                                 

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                 

              	
                BMO
                  Nesbitt Burns Inc.

              

      

      
        	
                 

              	
                Account
                  Reference:  402-20055, Altairis Investments
                  L.P.

              

      

      
        	
                 

              	
                1
                  First Canadian Place, 35th
                  Floor

              

      

      
        	
                 

              	
                Toronto,
                  ON  M5X 1H3

              

      

      
        	
                 

              	
                Attn:  Jennifer
                  Scotland, 416-359-4972

              

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 13, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                Polar
                  Securities
                  Inc.                                                                 

              
	 
	
                By:                /s/
                  Robyn
                  Schultz                                                 

              
	
                Name:                Robyn
                  Schultz

              
	
                Title:                VP,
                  Polar Securities Inc. (as IA for

                certain
                  managed
                  accounts)

              
	
                Address:372
                  Bay St., 21st
                  Fl                                                                 Toronto, ON

                M5R2W9                                                 

              
	
                Telephone
                  No.:                                                                 416-367-4364

              
	
                Facsimile
                  No.:                                                                  416-367-0567

              
	
                Email
                  Address: rschultz@polarsec.com

              
	
                Number
                  of
                  Shares:  502,500                                                                 

              
	
                Aggregate
                  Purchase Price: $6,281,250

              
	
                Number
                  of
                  Warrants:  87,938                                                                 

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                 

              	
                BMO
                  Nesbitt Burns Inc.

              

      

      
        	
                 

              	
                Account
                  Reference:  402-20486, Altairis Offshore
                  Levered

              

      

      
        	
                 

              	
                1
                  First Canadian Place, 35th
                  Floor

              

      

      
        	
                 

              	
                Toronto,
                  ON  M5X 1H3

              

      

      
        	
                 

              	
                Attn:  Jennifer
                  Scotland, 416-359-4972

              

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                THE
                  QUERCUS
                  TRUST                                                                 

              
	 
	
                By:                /s/
                  David
                  Gelbaum                                                 

              
	
                Name:                David
                  Gelbaum                                                 

              
	
                Title:                Trustee

              
	
                Address:1835
                  Newport Blvd., A109PMB 467

                Costa
                  Mesa,
                  CA  92627

              
	
                Telephone
                  No.:                                                                  949-646-3784

              
	
                Facsimile
                  No.:                                                                  949-631-6723

              
	
                Email
                  Address: xaixai@pacbell.net

              
	
                Number
                  of
                  Shares:  752,000                                                                 

              
	
                Number
                  of
                  Warrants:  131,600                                                                 

              
	
                Aggregate
                  Purchase Price: $9,400,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

       

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 14, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                Marathon
                  Global Equity Master Fund, Ltd.

              
	 
	
                By:                /s/
                  Jamie
                  Raboy                                                 

              
	
                Name:                Jamie
                  Raboy

              
	
                Title:                Managing
                  Director

              
	
                Address:461
                  5th
                  Avenue, 10th
                  Fl,

                New
                  York,
                  NY  10017                                                 

                 

              
	
                Telephone
                  No.:                                                                 212-381-4422

              
	
                Facsimile
                  No.:  212-381-0012                                                                 

              
	
                Email
                  Address: seichenstein@marathonfund.com

              
	
                Number
                  of
                  Shares:  600,000                                                                 

              
	
                Number
                  of
                  Warrants:  105,000                                                                 

              
	
                Aggregate
                  Purchase Price: $7,500,000

              
	 

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:  Goldman
                  Sachs & Co.

              	 

      

      
        	
                 

              	
                Address:  30
                  Hudson Street, Jersey City,
                  NJ  07302

              

      

      
        	
                Telephone
                  No. :212-357-2468

              	 

      

      
        	
                Facsimile
                  No.:

              	
                212-428-9370

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                UBS
                  O’Connor LLC F/B/O:

                O’Connor
                  Pipes Corporate Strategies Master Limited

              
	 
	
                By:                /s/
                  Andrew
                  Martin                                                 

              
	
                Name:                Andrew
                  Martin                                                 

              
	
                Title:                Managing
                  Director

              
	
                Address:UBS
                  O’Connor LLCOne North Wacker Drive

                32nd
                  Floor                                                 

                Chicago,
                  Illinois  60614

                Attn:  Robert
                  Murray                                                 

              
	
                Telephone
                  No.:                                                                  312-525-6247

              
	
                Facsimile
                  No.:                                                                  3112-252-6271

              
	
                Email
                  Address: DL-ubsoc-corpact@ubs.com

              
	
                Number
                  of
                  Shares:  336,000                                                                 

              
	
                Number
                  of
                  Warrants:  58,800                                                                 

              
	
                Aggregate
                  Purchase Price: $4,200,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                UBS
                  O’Connor LLC F/B/O:

                O’Connor
                  Global Convertible Arbitrage II Master Limited

              
	 
	
                By:                /s/
                  Andrew
                  Martin                                                 

              
	
                Name:                Andrew
                  Martin                                                 

              
	
                Title:                Managing
                  Director

              
	
                Address:UBS
                  O’Connor LLCOne North Wacker Drive

                32nd
                  Floor                                                 

                Chicago,
                  Illinois  60614

                Attn:  Robert
                  Murray                                                 

              
	
                Telephone
                  No.:                                                                 312-525-6247

              
	
                Facsimile
                  No.:                                                                  312-525-6271

              
	
                Email
                  Address: DL-ubsoc-corpact@ubs.com

              
	
                Number
                  of
                  Shares:  210,560                                                                 

              
	
                Number
                  of
                  Warrants:  36,848                                                                 

              
	
                Aggregate
                  Purchase Price: $2,632,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                UBS
                  O’Connor LLC F/B/O:

                O’Connor
                  Global Convertible Arbitrage II Master Limited

              
	 
	
                By:                /s/
                  Andrew
                  Martin                                                 

              
	
                Name:                Andrew
                  Martin                                                 

              
	
                Title:                Managing
                  Director

              
	
                Address:UBS
                  O’Connor LLCOne North Wacker Drive

                32nd
                  Floor                                                 

                Chicago,
                  Illinois  60614

                Attn:  Robert
                  Murray                                                 

              
	
                Telephone
                  No.:                                                                  312-525-6247

              
	
                Facsimile
                  No.:                                                                  312-525-6271

              
	
                Email
                  Address: DL-ubsoc-corpact@ubs.com

              
	
                Number
                  of
                  Shares:  13,440                                                                 

              
	
                Number
                  of
                  Warrants:  2,352                                                                 

              
	
                Aggregate
                  Purchase Price: $168,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 13, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                The
                  Tocqueville
                  Fund                                                                 

              
	 
	
                By:                /s/
                  Robert W. Kleinshmidt

              
	
                Name:                Robert
                  W.
                  Kleinshmidt                                                 

              
	
                Title:                Authorized
                  Portfolio Manager

              
	
                Address:40
                  W. 57th
                  St.                                                                 19th
                  Floor

                New
                  York,
                  NY  10019                                                 

              
	
                Telephone
                  No.: (212) 698-0849

              
	
                Facsimile
                  No.:                                                                  (212)
                  262-0154

              
	
                Email
                  Address: RWK@tocqueville.com

              
	
                Number
                  of
                  Shares:  225,000                                                                 

              
	
                Aggregate
                  Purchase Price: $2,812,500

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:  Tocqueville
                  Asset Mgmt.

              	 

      

      
        	
                Address:  40
                  W. 57th
                  St., 19th
                  Fl.

              	 

      

      
        	
                New
                  York, NY  10019

              	 

      

      
        	
                Telephone
                  No.:  (212) 698-0849

              	 

      

      
        	
                Facsimile
                  No.:

              	
                (212)
                  262-0154

              	 

      

      
        	
                 

              	
                Other
                  Special Instructions:  Tax ID:
                  13-6878714

              

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 13, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                Tocqueville
                  Amerique                                                                 

              
	 
	
                By:                /s/
                  Robert W. Kleinshmidt

              
	
                Name:                Robert
                  W.
                  Kleinshmidt                                                 

              
	
                Title:                Authorized
                  Portfolio Manager

              
	
                Address:EIFB

                6.
                  ave de
                  Provence                                                 75441 Paris

                FRANCE                                                 

              
	
                Telephone
                  No.:                                                                 (212)
                  698-0849

              
	
                Facsimile
                  No.:                                                                  (212)
                  262-0154

              
	
                Email
                  Address: RWK@tocqueville.com

              
	
                Number
                  of
                  Shares: 45,000                                                                 

              
	
                Aggregate
                  Purchase Price: $562,500

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:  Tocqueville
                  Asset Mgmt.

              	 

      

      
        	
                Address:  40
                  W. 57th
                  St., 19th
                  Fl.

              	 

      

      
        	
                New
                  York, NY  10019

              	 

      

      
        	
                Telephone
                  No.:  (212) 698-0849

              	 

      

      
        	
                Facsimile
                  No.:

              	
                (212)
                  262-0154

              	 

      

      
        	
                Other
                  Special Instructions:  Tax ID: n/a
                  (foreign)

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 13, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                MONTBER,
                  S.A.
                  INCOME                                                                 

              
	 
	
                By:                /s/
                  Robert W. Kleinshmidt

              
	
                Name:                Robert
                  W.
                  Kleinshmidt                                                 

              
	
                Title:                Authorized
                  Portfolio Manager

              
	
                Address:c/o
                  The Bank of Bermuda

                6.
                  Front
                  Street                                                 Hamilton HM11

                Bermuda                                                 

              
	
                Telephone
                  No.:                                                                 (212)
                  698-0849

              
	
                Facsimile
                  No.: (212) 262-0154

              
	
                Email
                  Address: RWK@tocqueville.com

              
	
                Number
                  of
                  Shares:  190,000                                                                 

              
	
                Aggregate
                  Purchase Price: $2,375,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:  Tocqueville
                  Asset Mgmt.

              	 

      

      
        	
                Address:  40
                  W. 57th
                  St., 19th
                  Fl.

              	 

      

      
        	
                New
                  York, NY  10019

              	 

      

      
        	
                Telephone
                  No.:  (212) 698-0849

              	 

      

      
        	
                Facsimile
                  No.:

              	
                (212)
                  262-0154

              	 

      

      
        	
                Other
                  Special Instructions:  Tax ID: n/a
                  (foreign)

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 13, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                THORN
                  LIMITED                                                                 

              
	 
	
                By:                /s/
                  Robert W. Kleinshmidt

              
	
                Name:                Robert
                  W.
                  Kleinshmidt                                                 

              
	
                Title:                Authorized
                  Portfolio Manager

              
	
                Address:c/o
                  Lepercq Corp. Mgmt.

                P.O.
                  Box HM
                  2363                                                 Hamilton HM
                  JX

                Bermuda                                                 

              
	
                Telephone
                  No.:                                                                 (212)
                  698-0849

              
	
                Facsimile
                  No.:                                                                  (212)
                  262-0154

              
	
                Email
                  Address: RWK@tocqueville.com

              
	
                Number
                  of
                  Shares:  35,000                                                                 

              
	
                Aggregate
                  Purchase Price: $437,500

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:  Tocqueville
                  Asset Mgmt.

              	 

      

      
        	
                Address:  40
                  W. 57th
                  St., 19th
                  Fl.

              	 

      

      
        	
                New
                  York, NY  10019

              	 

      

      
        	
                Telephone
                  No.:  (212) 698-0849

              	 

      

      
        	
                Facsimile
                  No.:

              	
                (212)
                  262-0154

              	 

      

      
        	
                Other
                  Special Instructions:  Tax ID: n/a
                  (foreign)

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 13, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                KALUNBORG
                  LTD
                  BVI                                                                 

              
	 
	
                By:                /s/
                  Robert W. Kleinshmidt

              
	
                Name:                Robert
                  W.
                  Kleinshmidt                                                 

              
	
                Title:                Authorized
                  Portfolio Manager

              
	
                Address:c/o
                  CODAN TRUST CO.

                Richmond
                  House                                                 

                12
                  Par La Ville
                  Road                                                 

                Hamilton
                  HM
                  JX                                                 

                Bermuda                                                 

              
	
                Telephone
                  No.:                                                                 (212)
                  698-0849

              
	
                Facsimile
                  No.: (212) 262-0154

              
	
                Email
                  Address: RWK@tocqueville.com

              
	
                Number
                  of
                  Shares:  15,000                                                                 

              
	
                Aggregate
                  Purchase Price: $187,500

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:  Tocqueville
                  Asset Mgmt.

              	 

      

      
        	
                Address:  40
                  W. 57th
                  St., 19th
                  Fl.

              	 

      

      
        	
                New
                  York, NY  10019

              	 

      

      
        	
                Telephone
                  No.:  (212) 698-0849

              	 

      

      
        	
                Facsimile
                  No.:

              	
                (212)
                  262-0154

              	 

      

      
        	
                Other
                  Special Instructions:  Tax ID: n/a
                  (foreign)

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                HIGHBRIDGE
                  INTERNATIONAL LLC

                By:  Highbridge
                  Capital Management, LLC

                Its:  Trading
                  Manager                                                                 

              
	 
	
                By:             /s/
                  Adam J.
                  Chill                                                    

              
	
                Name:Adam
                  J.
                  Chill                                                                 

              
	
                Title:             Managing
                  Director                                                    

              
	
                Address:Highbridge
                  Capital Management, LLC

                9
                  West 57th
                  Street,
                  27th
                  Floor

                New
                  York,
                  NY  10019                                                    

                Attn:  Ari
                  J.
                  Storch/Adam J. Chill

              
	
                Telephone
                  No.:                                                                 212-287-4720

              
	
                Facsimile
                  No.:  212-751-0755                                                                 

              
	
                Email
                  Address: ari.storch@highbridge.com

                 adam.chill@highbridge.com

              
	
                Number
                  of
                  Shares:  500,000                                                                 

              
	
                Number
                  of
                  Warrants:  87,500                                                                 

              
	
                Aggregate
                  Purchase Price: $6,250,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:  Bear
                  Stearns

              	 

      

      
        	
                Address:  1
                  Matratech Center, 20th
                  Floor

              	 

      

      
        	
                Brooklyn,
                  NY  11201

              	 

      

      
        	
                Telephone
                  No.:  212-272-3915

              	 

      

      
        	
                Facsimile
                  No.:

              	 	 

      

      
        	
                Other
                  Special Instructions:  Attn:  Elanna
                  Bradley

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                ARDSLEY
                  PARTNERS FUND II, L.P.

              
	 
	
                By:             /s/
                  Steve
                  Napoli                                                    

              
	
                Name:Steve
                  Napoli                                                                 

              
	
                Title:             Partner

              
	
                Address:
                  262 Harbor
                  Drive                                                                 

                 4th
                  Floor                                                    

                 Stamford,
                  CT  06902                                                    

              
	
                Telephone
                  No.:                                                                 203-355-0700

              
	
                Facsimile
                  No.:  203-355-0715                                                                 

              
	
                Email
                  Address: steve@adrsley.com

              
	
                Number
                  of
                  Shares:  126,500                                                                 

              
	
                Number
                  of
                  Warrants:  22,138                                                                 

              
	
                Aggregate
                  Purchase Price: $1,581,250

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:  Ardsley
                  Partners

              	 

      

      
        	
                Address:

              	
                262
                  Harbor Drive, 4th Floor

              

      

      
        	
                Stamford,
                  CT  06902

              	 

      

      
        	
                Telephone
                  No.:  203-355-0700

              	 

      

      
        	
                Facsimile
                  No.:  203-355-0715

              	 

      

      
        	
                Other
                  Special Instructions:  n/a

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                ARDSLEY
                  PARTNERS INSTITUTIONAL FUND, L.P.

              
	 
	
                By:             /s/
                  Steve
                  Napoli                                                    

              
	
                Name:Steve
                  Napoli                                                                 

              
	
                Title:             Partner

              
	
                Address: 262
                  Harbor
                  Drive                                                                 

                 4th
                  Floor                                                    

                 Stamford,
                  CT  06902                                                    

              
	
                Telephone
                  No.:                                                                 203-355-0700

              
	
                Facsimile
                  No.:  203-355-0715                                                                 

              
	
                Email
                  Address: steve@adrsley.com

              
	
                Number
                  of
                  Shares:  81,800                                                                 

              
	
                Number
                  of
                  Warrants:  14,315                                                                 

              
	
                Aggregate
                  Purchase Price: $1,022,500

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:  Ardsley
                  Partners

              	 

      

      
        	
                Address:

              	
                262
                  Harbor Drive, 4th Floor

              

      

      
        	
                Stamford,
                  CT  06902

              	 

      

      
        	
                Telephone
                  No.:  203-355-0700

              	 

      

      
        	
                Facsimile
                  No.:  203-355-0715

              	 

      

      
        	
                Other
                  Special Instructions:  n/a

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                ARDSLEY
                  PARTNERS RENEWABLE FUND, L.P.

              
	 
	
                By:             /s/
                  Steve
                  Napoli                                                    

              
	
                Name:Steve
                  Napoli                                                                 

              
	
                Title:             Partner

              
	
                Address: 262
                  Harbor
                  Drive                                                                 

                 4th Floor                                                    

                 Stamford,
                  CT  06902                                                    

              
	
                Telephone
                  No.:                                                                 203-355-0700

              
	
                Facsimile
                  No.:  203-355-0715                                                                 

              
	
                Email
                  Address: steve@adrsley.com

              
	
                Number
                  of
                  Shares:  68,300                                                                 

              
	
                Number
                  of
                  Warrants:  11,953                                                                 

              
	
                Aggregate
                  Purchase Price: $853,750

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:  Ardsley
                  Partners

              	 

      

      
        	
                Address:

              	
                262
                  Harbor Drive, 4th Floor

              

      

      
        	
                Stamford,
                  CT  06902

              	 

      

      
        	
                Telephone
                  No.:  203-355-0700

              	 

      

      
        	
                Facsimile
                  No.:  203-355-0715

              	 

      

      
        	
                Other
                  Special Instructions:  n/a

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                ARDSLEY
                  OFFSHORE FUND, LTD.

              
	 
	
                By:             /s/
                  Steve
                  Napoli                                                    

              
	
                Name:Steve
                  Napoli                                                                 

              
	
                Title:             Agent
                  / Advisor

              
	
                Address: 262
                  Harbor
                  Drive                                                                 

                 4th
                  Floor                                                    

                 Stamford,
                  CT  06902                                                    

              
	
                Telephone
                  No.:                                                                 203-355-0700

              
	
                Facsimile
                  No.:  203-355-0715                                                                 

              
	
                Email
                  Address: steve@adrsley.com

              
	
                Number
                  of
                  Shares:  88,500                                                                 

              
	
                Number
                  of
                  Warrants:  15,488                                                                 

              
	
                Aggregate
                  Purchase Price: $1,106,250

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:  Ardsley
                  Partners

              	 

      

      
        	
                Address:

              	
                262
                  Harbor Drive, 4th Floor

              

      

      
        	
                Stamford,
                  CT  06902

              	 

      

      
        	
                Telephone
                  No.:  203-355-0700

              	 

      

      
        	
                Facsimile
                  No.:  203-355-0715

              	 

      

      
        	
                Other
                  Special Instructions:  n/a

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                ARDSLEY
                  RENEWABLE ENERGY OFFSHORE FUND, LTD.

              
	 
	
                By:             /s/
                  Steve
                  Napoli                                                    

              
	
                Name:Steve
                  Napoli                                                                 

              
	
                Title:             Director

              
	
                Address:
                  262 Harbor
                  Drive                                                                 

                 4th
                  Floor                                                    

                 Stamford,
                  CT  06902                                                    

              
	
                Telephone
                  No.:                                                                 203-355-0700

              
	
                Facsimile
                  No.:  203-355-0715                                                                 

              
	
                Email
                  Address: steve@adrsley.com

              
	
                Number
                  of
                  Shares:  116,100                                                                 

              
	
                Number
                  of
                  Warrants:  20,318                                                                 

              
	
                Aggregate
                  Purchase Price: $1,451,250

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:  Ardsley
                  Partners

              	 

      

      
        	
                Address:

              	
                262
                  Harbor Drive, 4th Floor

              

      

      
        	
                Stamford,
                  CT  06902

              	 

      

      
        	
                Telephone
                  No.:  203-355-0700

              	 

      

      
        	
                Facsimile
                  No.:  203-355-0715

              	 

      

      
        	
                Other
                  Special Instructions:  n/a

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                MARION
                  LYNTON                                                                 

              
	 
	
                By:             /s/
                  Steve
                  Napoli                                                    

              
	
                Name:Steve
                  Napoli                                                                 

              
	
                Title:             Agent
                  / Advisor

              
	
                Address: 262
                  Harbor
                  Drive                                                                 

                 4th
                  Floor                                                    

                 Stamford,
                  CT  06902                                                    

              
	
                Telephone
                  No.:                                                                 203-355-0700

              
	
                Facsimile
                  No.:  203-355-0715                                                                 

              
	
                Email
                  Address: steve@adrsley.com

              
	
                Number
                  of
                  Shares:  3,200                                                                 

              
	
                Number
                  of
                  Warrants:  560                                                                 

              
	
                Aggregate
                  Purchase Price: $40,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:  Ardsley
                  Partners

              	 

      

      
        	
                Address:

              	
                262
                  Harbor Drive, 4th Floor

              

      

      
        	
                Stamford,
                  CT  06902

              	 

      

      
        	
                Telephone
                  No.:  203-355-0700

              	 

      

      
        	
                Facsimile
                  No.:  203-355-0715

              	 

      

      
        	
                Other
                  Special Instructions:  n/a

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                HFR
                  HE ARDSLEY MASTER TRUST

              
	 
	
                By:             /s/
                  Steve
                  Napoli                                                    

              
	
                Name:Steve
                  Napoli                                                                 

              
	
                Title:             Agent
                  / Advisor

              
	
                Address:
                  262 Harbor
                  Drive                                                                 

                 4th
                  Floor                                                    

                 Stamford,
                  CT  06902                                                    

              
	
                Telephone
                  No.:                                                                 203-355-0700

              
	
                Facsimile
                  No.:  203-355-0715                                                                 

              
	
                Email
                  Address: steve@adrsley.com

              
	
                Number
                  of
                  Shares:  15,600                                                                 

              
	
                Number
                  of
                  Warrants:  2,730                                                                 

              
	
                Aggregate
                  Purchase Price: $195,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:  Ardsley
                  Partners

              	 

      

      
        	
                Address:

              	
                262
                  Harbor Drive, 4th Floor

              

      

      
        	
                Stamford,
                  CT  06902

              	 

      

      
        	
                Telephone
                  No.:  203-355-0700

              	 

      

      
        	
                Facsimile
                  No.:  203-355-0715

              	 

      

      
        	
                Other
                  Special Instructions:  n/a

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                HUDSON
                  BAY OVERSEAS FUND LTD

              
	 
	
                By:             /s/
                  Yoav
                  Roth                                                    

              
	
                Name:Yoav
                  Roth                                                                 

              
	
                Title:             Principal
                  & Portfolio Manager

              
	
                Address:
                  120 Broadway, 40th
                  Floor

                 New
                  York,
                  NY  10271                                                    

              
	
                Telephone
                  No.:                                                                 212-571-1244

              
	
                Facsimile
                  No.:  212-571-1279                                                                 

              
	
                Email
                  Address: investments@hudsonbaycapital.com

              
	
                Number
                  of
                  Shares:  545,600                                                                 

              
	
                Number
                  of
                  Warrants:  95,480                                                                 

              
	
                Aggregate
                  Purchase Price: $6,820,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                HUDSON
                  BAY FUND
                  LTD                                                                 

              
	 
	
                By:             /s/
                  Yoav
                  Roth                                                    

              
	
                Name:Yoav
                  Roth                                                                 

              
	
                Title:             Principal
                  & Portfolio Manager

              
	
                Address:
                  120 Broadway, 40th
                  Floor

                 New
                  York,
                  NY  10271                                                    

              
	
                Telephone
                  No.:                                                                 212-571-1244

              
	
                Facsimile
                  No.:  212-571-1279                                                                 

              
	
                Email
                  Address: investments@hudsonbaycapital.com

              
	
                Number
                  of
                  Shares:  334,400                                                                 

              
	
                Number
                  of
                  Warrants:  58,520                                                                 

              
	
                Aggregate
                  Purchase Price: $4,180,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                Portside
                  Growth and Opportunity Fund

              
	 
	
                By:             /s/
                  Jeff
                  Smith                                                    

              
	
                Name:Jeff
                  Smith                                                                 

              
	
                Title:             Authorized
                  Signatory

              
	
                Address:

                Portside
                  Growth and Opportunity
                  Fund

                c/o
                  Ramius Capital
                  Group

                666
                  Third Avenue, 26th
                  Floor

                 New
                  York,
                  NY  10271                                                    

              
	
                Telephone
                  No.:                                                                 (212)
                  845-7955

              
	
                Facsimile
                  No.:  (212)
                  201-4802                                                                 

              
	
                Email
                  Address: jsmith@ramius.com

                olittman@raimus.com

              
	
                Number
                  of
                  Shares:  480,000                                                                 

              
	
                Number
                  of
                  Warrants:  84,000                                                                 

              
	
                Aggregate
                  Purchase Price: $6,000,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                 

              	
                Address:  **PLEASE
                  SEE ATTACHED FOR DELIVERY
                  INSTRUCTIONS**

              

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                Empire
                  Capital Partners,
                  LTD                                                                 

              
	 
	
                By:             /s/
                  Peter J.
                  Richards                                                    

              
	
                Name:Peter
                  J.
                  Richards                                                                 

              
	
                Title:             Managing
                  Member of Empire Capital Management, LLC (investment manager to
                  Empire
                  Capital Partners, LTD)

              
	
                Address:
                  One Gorham Island, Suite 201

                 Westport,
                  CT  06880 USA

              
	
                Telephone
                  No.:                                                                 203-454-1019

              
	
                Facsimile
                  No.:
                   203-454-1539                                                                 

              
	
                Email
                  Address: pjr@empirecapital.com

              
	
                Number
                  of
                  Shares:  144,600                                                                 

              
	
                Number
                  of
                  Warrants:  25,305                                                                 

              
	
                Aggregate
                  Purchase Price: $1,807,500

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                Empire
                  Capital Partners,
                  LP                                                                 

              
	 
	
                By:             /s/
                  Peter J.
                  Richards                                                    

              
	
                Name:Peter
                  J.
                  Richards                                                                 

              
	
                Title:             Managing
                  Member of Empire Capital Management, LLC (investment manager to
                  Empire
                  Capital Partners, LP)

              
	
                Address:
                  One Gorham Island, Suite 201

                 Westport,
                  CT  06880 USA

              
	
                Telephone
                  No.:                                                                 203-454-1019

              
	
                Facsimile
                  No.:  203-454-1539                                                                 

              
	
                Email
                  Address: pjr@empirecapital.com

              
	
                Number
                  of
                  Shares:  155,400                                                                 

              
	
                Number
                  of
                  Warrants:  27,195                                                                 

              
	
                Aggregate
                  Purchase Price: $1,942,500

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 14, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                Capital
                  Ventures
                  International                                                                 

                By:  Heights
                  Capital Management, Inc.

                its
                  authorized
                  agent                                                                 

              
	 
	
                By:             /s/
                  Michael
                  Spolan                                                    

              
	
                Name:Michael
                  Spolan                                                                 

              
	
                Title:             General
                  Counsel                                                    

              
	
                Address:
                  c/o Heights Capital Management

                101
                  California Street, Suite
                  3250

                San
                  Francisco,
                  CA  94111

              
	
                Telephone
                  No.:                                                                 415-403-6500

              
	
                Facsimile
                  No.:  415-403-6525                                                                 

              
	
                Email
                  Address: Martin.Kobinger@sig.com

              
	
                Number
                  of
                  Shares:  300,000                                                                 

              
	
                Number
                  of
                  Warrants:  52,500                                                                 

              
	
                Aggregate
                  Purchase Price: $3,750,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                Iroquois
                  Masterfund,
                  Ltd.                                                                 

              
	 
	
                By:             /s/
                  John
                  Silverman                                                    

              
	
                Name:John
                  Silverman                                                                 

              
	
                Title:             Authorized
                  Signatory                                                    

              
	
                Address:
                  641 Leigh
                  Ave.,                                                                 

                New
                  York,
                  NY  10023                                                    

              
	
                Telephone
                  No.:                                                                 212-924-3000

              
	
                Facsimile
                  No.:                                                                 

              
	
                Email
                  Address: JSilverman@____.com

              
	
                Number
                  of
                  Shares:  300,000                                                                 

              
	
                Number
                  of
                  Warrants:  52,500                                                                 

              
	
                Aggregate
                  Purchase Price: $3,750,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                Kingdon
                  Associates                                                                 

              
	 
	
                By:             /s/
                  Alan
                  Winters                                                    

              
	
                Name:Alan
                  Winters                                                                 

              
	
                Title:             Chief
                  Operating
                  Officer                                                    

              
	
                Address:
                  152 West 57th
                  Street,
                  50th
                  Floor

                 New
                  York,
                  NY  10019                                                    

              
	
                Telephone
                  No.:                                                                 

              
	
                Facsimile
                  No.:                                                                 

              
	
                Email
                  Address:                                                                 

              
	
                Number
                  of
                  Shares:  72,600                                                                 

              
	
                Number
                  of
                  Warrants:  12,705                                                                 

              
	
                Aggregate
                  Purchase Price: $907,500

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                 

              	
                Other
                  Special Instructions:  Attn:  Alfred
                  Barbagallo

              

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                M.
                  Kingdon Offshore
                  Ltd.                                                                 

              
	 
	
                By:             /s/
                  Alan
                  Winters                                                    

              
	
                Name:Alan
                  Winters                                                                 

              
	
                Title:             Chief
                  Operating
                  Officer                                                    

              
	
                Address:
                  152 West 57th
                  Street,
                  50th
                  Floor

                 New
                  York,
                  NY  10019                                                    

              
	
                Telephone
                  No.:                                                                 

              
	
                Facsimile
                  No.:                                                                 

              
	
                Email
                  Address:                                                                 

              
	
                Number
                  of
                  Shares:  217,350                                                                 

              
	
                Number
                  of
                  Warrants:  38,036                                                                 

              
	
                Aggregate
                  Purchase Price: $2,716,875

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                Kingdon
                  Family Partnership, L.P.

              
	 
	
                By:             /s/
                  Alan
                  Winters                                                    

              
	
                Name:Alan
                  Winters                                                                 

              
	
                Title:             Chief
                  Operating
                  Officer                                                    

              
	
                Address: 152
                  West 57th
                  Street, 50th
                  Floor

                 New
                  York,
                  NY  10019                                                    

              
	
                Telephone
                  No.:                                                                 

              
	
                Facsimile
                  No.:                                                                 

              
	
                Email
                  Address:                                                                 

              
	
                Number
                  of
                  Shares:  10,050                                                                 

              
	
                Number
                  of
                  Warrants:  1,759                                                                 

              
	
                Aggregate
                  Purchase Price: $125,625

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                Investcorp
                  Interlachen Multi-Strategy

                Master
                  Fund
                  Limited                                                                 

                By:  Interlachen
                  Capital Group
                  LP,                                                                           

                Authorized
                  Signatory                                                    

              
	 
	
                By:             /s/
                  Gregg T.
                  Colburn                                                    

              
	
                Name:Gregg
                  T.
                  Colburn                                                                 

              
	
                Title:             Authorized
                  Signatory                                                    

              
	
                Address:
                  Interlachen Capital Group LP

                800
                  Nicollet Mall, Suite
                  2500                                                              

                Minneapolis,
                  MN  55402                                                    

              
	
                Telephone
                  No.: 612-659-4407 or 612-659-4450

              
	
                Facsimile
                  No.:  612-659-4457 or 612-659-4401

              
	
                Email
                  Address: gcolburn@interlachencapital.com

                AND
                  legal@interlachencapital.com

              
	
                Number
                  of
                  Shares:  200,000                                                                 

              
	
                Number
                  of
                  Warrants:  35,000                                                                 

              
	
                Aggregate
                  Purchase Price: $2,500,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:Goldman
                  Sachs & Co.

              	 

      

      
        	
                ATTN:  Steve
                  Grandstrand

              	 

      

      
        	
                Address:  One
                  New York Plaza

              	 

      

      
        	
                New
                  York, NY  10004

              	 

      

      
        	
                Telephone
                  No.: 212-357-7171

              	 

      

      
        	
                Facsimile
                  No.:

              	
                212-357-0413

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                CD
                  Investment Partners,
                  Ltd.:                                                                 

                By:  Carpe
                  Diem Capital Management LLC

                Its:  Investment
                  Advisor

              
	 
	
                By:             /s/
                  John
                  Ziegelman                                                    

              
	
                Name:John
                  Ziegelman                                                                 

              
	
                Title:             President                                                    

              
	
                Address:
                  111 South Wacker Drive, Suite 3950

                Chicago,
                  IL  60606                                                    

              
	
                Telephone
                  No.:                                                                 312-803-5010

              
	
                Facsimile
                  No.:                                                                 312-803-5017

              
	
                Email
                  Address: john@cdcapital.com

              
	
                Number
                  of
                  Shares:  160,000                                                                 

              
	
                Number
                  of
                  Warrants:  28,000                                                                 

              
	
                Aggregate
                  Purchase Price: $2,000,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:  Goldman
                  Sachs & Co.

              	 

      

      
        	
                Address:  One
                  New York Plaza, 48th
                  Floor

              	 

      

      
        	
                New
                  York, NY  10004

              	 

      

      
        	
                Telephone
                  No.:  212-357-7172

              	 

      

      
        	
                Facsimile
                  No.:

              	
                212-428-5806

              	 

      

      
        	
                 

              	
                Other
                  Special Instructions: Deliver all original
                  certificates

              

      

      
        	
                 

              	
                and
                  Warrant to Goldman with a copy to the
                  Purchaser

              

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                Lagunitas
                  Partners
                  LP                                                                 

              
	 
	
                By:             /s/
                  Jon D.
                  Gruber                                                    

              
	
                Name:Gruber
                  & McBaine Cap Mgmt.

              
	
                Title:             General
                  Partner                                                    

              
	
                Address:
                  Gruber & McGaine Cap Mgmt.

                50
                  Osgood Place –
                  P4                                                    

                San
                  Francisco,
                  CA  94133

              
	
                Telephone
                  No.:                                                                 415-782-2606

              
	
                Facsimile
                  No.:                                                                 415-981-6434

              
	
                Email
                  Address: chris@gmcm.com

              
	
                Number
                  of
                  Shares:  97,000                                                                 

              
	
                Number
                  of
                  Warrants:  16,975                                                                 

              
	
                Aggregate
                  Purchase Price: $1,272,500

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                Gruber
                  & McBaine International

              
	 
	
                By:             /s/
                  Jon D.
                  Gruber                                                    

              
	
                Name:Gruber
                  & McBaine Cap Mgmt.

              
	
                Title:             Investment
                  Advisor                                                    

              
	
                Address:
                  Gruber & McGaine Cap Mgmt.

                50
                  Osgood Place –
                  P4                                                    

                San
                  Francisco,
                  CA  94133

              
	
                Telephone
                  No.:                                                                 415-782-2606

              
	
                Facsimile
                  No.:                                                                 415-981-6434

              
	
                Email
                  Address: chris@gmcm.com

              
	
                Number
                  of
                  Shares:  7,000                                                                 

              
	
                Number
                  of
                  Warrants:  1,225                                                                 

              
	
                Aggregate
                  Purchase Price: $87,500

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                Jon
                  D. & Linda W. Gruber Trust

              
	 
	
                By:             /s/
                  Jon D.
                  Gruber                                                    

              
	
                Name:Jon
                  D.
                  Gruber                                                                 

              
	
                Title:             Trustee

              
	
                Address:
                  Gruber & McGaine Cap Mgmt.

                50
                  Osgood Place –
                  P4                                                    

                San
                  Francisco,
                  CA  94133

              
	
                Telephone
                  No.:                                                                 415-782-2606

              
	
                Facsimile
                  No.:                                                                 415-981-6434

              
	
                Email
                  Address: chris@gmcm.com

              
	
                Number
                  of
                  Shares:  56,000                                                                 

              
	
                Number
                  of
                  Warrants:  9,800                                                                 

              
	
                Aggregate
                  Purchase Price: $700,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                CaraCastle
                  Partners                                                                 

              
	 
	
                By:             /s/
                  Damien
                  Quinn                                                    

              
	
                Name:Damien
                  Quinn                                                                 

              
	
                Title:             Principal                                                    

              
	
                Address:
                  14 The
                  Ridge                                                                 

                Plandome,
                  NY  11030                                                    

              
	
                Telephone
                  No.:                                                                 (212)
                  619-0222

              
	
                Facsimile
                  No.:                                                                 (212)
                  619-0244

              
	
                Email
                  Address: DQuinn@CaraCastle.com

              
	
                Number
                  of
                  Shares:  88,000                                                                 

              
	
                Number
                  of
                  Warrants:  15,400                                                                 

              
	
                Aggregate
                  Purchase Price: $1,100,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                MMCAP
                  Int’l Inc.
                  SPC                                                                 

              
	 
	
                By:             /s/
                  Ben
                  Cubitt                                                    

              
	
                Name:Ben
                  Cubitt                                                                 

              
	
                Title:             PM                                                    

              
	
                Address:
                  90 Fort St., Box 32021

                Grand
                  Cayman,                                                    

                 

              
	
                Telephone
                  No.:                                                                 416-408-0998

              
	
                Facsimile
                  No.:                                                                 416-352-7553

              
	
                Email
                  Address: bcubitt@hamcap.ky

              
	
                Number
                  of
                  Shares:  150,000                                                                 

              
	
                Number
                  of
                  Warrants:  26,250                                                                 

              
	
                Aggregate
                  Purchase Price: $1,875,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:MMCAP
                  Int’l Inc. SPC

              	 

      

      
        	
                Address:
                  161 Bay St., 5th
                  Fl.

              	 

      

      
        	
                   Toronto

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                 

              	
                Other
                  Special Instructions:  Ask for Chris
                  Smith

              

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                Cranshire
                  Capital,
                  L.P.                                                                 

              
	 
	
                By:             /s/
                  Mister D.
                  Kopine                                                    

              
	
                Name:Mister
                  D.
                  Kopine                                                                 

              
	
                Title:             President
                  – Downsview Capital

                The
                  General
                  Partner                                                    

              
	
                Address:
                  3100 Dundee Road, Suite 703

                Northbrook,
                  IL  60062                                                    

              
	
                Telephone
                  No.:                                                                 847-562-4030

              
	
                Facsimile
                  No.:                                                                 847-562-4031

              
	
                Email
                  Address: MKopine@crenshirecapital.com

              
	
                Number
                  of
                  Shares:  120,000                                                                 

              
	
                Number
                  of
                  Warrants:  21,000                                                                 

              
	
                Aggregate
                  Purchase Price: $1,500,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                Enable
                  Growth Partners
                  LP                                                                 

              
	 
	
                By:             /s/
                  Brendan
                  O’Neil                                                    

              
	
                Name:Brendan
                  O’Neil                                                                 

              
	
                Title:             President
                  & Chief Investment Officer

              
	
                Address:
                  One Ferry Building, Suite 255

                San
                  Francisco,
                  CA  94111

              
	
                Telephone
                  No.:                                                                 415-677-1578

              
	
                Facsimile
                  No.:                                                                 415-677-1580

              
	
                Email
                  Address: boneil@enablecapital.com

              
	
                Number
                  of
                  Shares:  100,000                                                                 

              
	
                Number
                  of
                  Warrants:  17,500                                                                 

              
	
                Aggregate
                  Purchase Price: $1,250,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                Crestview
                  Capital Master,
                  LLC                                                                 

                By:  Crestview
                  Capital Partners, LLC

                Its
                  Sole Manager

              
	 
	
                By:             /s/
                  Robert
                  Hoyt                                                    

              
	
                Name:Robert
                  Hoyt                                                                 

              
	
                Title:             Manager                                                    

              
	
                Address:
                  95 Revere
                  Drive                                                                 

                Suite
                  A

                Northbrook,
                  IL  60062                                                    

              
	
                Telephone
                  No.: (847) 559-0060

              
	
                Facsimile
                  No.:    (847) 559-5807

              
	
                Email
                  Address: adam@crestviewcap.com

              
	
                Number
                  of
                  Shares:  100,000                                                                 

              
	
                Number
                  of
                  Warrants:  17,500                                                                 

              
	
                Aggregate
                  Purchase Price: $1,250,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Investor
        Signature Page

       

      By
        its
        execution and delivery of this signature page, the undersigned Investor hereby
        joins in and agrees to be bound by the terms and conditions of the Securities
        Purchase Agreement dated as of February 15, 2008 (the “Purchase
        Agreement”) by and among EMCORE Corporation and the Investors (as
        defined therein), as to the number of shares of Common Stock set forth below,
        and authorizes this signature page to be attached to the Purchase Agreement
        or
        counterparts thereof.

      
        	
                Name
                  of Investor:

                RHP
                  Master Fund,
                  Ltd.                                                                 

                By:  Rock
                  Hill Investment Management, L.P.

                By:  RHP
                  General Partner, LLC

              
	 
	
                By:             /s/
                  Keith
                  Marlowe                                                    

              
	
                Name:Keith
                  Marlowe                                                                 

              
	
                Title:             Director                                                    

              
	
                Address:

                c/o
                  Rock Hill Investment Management, LP

                Three
                  Bala Plaza – East, Suite 585

                Bala
                  Cynwyd,
                  PA  19004                                                                 

              
	
                Telephone
                  No.:                                                                  610-949-9700

              
	
                Facsimile
                  No.:                                                                   610-676-9600

              
	
                Email
                  Address: kmarlowe@rockhillfunds.com

              
	
                Number
                  of
                  Shares:  100,000                                                                 

              
	
                Number
                  of
                  Warrants:  17,500                                                                 

              
	
                Aggregate
                  Purchase Price: $1,250,000

              

      

      
        	
                 

              	
                Delivery
                  Instructions (if different than
                  above):

              

      

      
        	
                c/o:

              	 

      

      
        	
                Address:

              	 

      

      
        	
                 

              	 

      

      
        	
                Telephone
                  No.:

              	 

      

      
        	
                Facsimile
                  No.:

              	 

      

      
        	
                Other
                  Special Instructions:

              	 

      

      

      Exhibits:

       

      A           Form
        of Warrant

      B           Instruction
        Sheet for Investors

      C           Opinion
        of Company Corporate Counsel

      D           Company
        Transfer Agent Instructions

      E           Form
        of Registration Rights Agreement

      F           Form
        of Lock-Up Agreement

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Exhibit A

       

      FORM
        OF WARRANT

       

      [See
        Attached]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Exhibit B

       

      INSTRUCTION
        SHEET FOR INVESTOR

       

      (to
        be
        read in conjunction with the entire Securities Purchase Agreement)

       

      
        	
                A.

              	
                Complete
                  the following items in the Securities Purchase
                  Agreement:

              
	 	
                1.

              	
                Complete
                  and execute the Investor Signature Page.  The Agreement must be
                  executed by an individual authorized to bind the
                  Investor.

              
	 	
                2.

              	
                Exhibit
                  B-1 - Stock Certificate Questionnaire:

              
	 	 
	 	
                Provide
                  the information requested by the Stock Certificate
                  Questionnaire;

              
	 	
                3.

              	
                Exhibit
                  B-2 - Registration Statement Questionnaire:

              
	 	 
	 	
                Provide
                  the information requested by the Registration Statement
                  Questionnaire.

              
	 	
                4.

              	
                Exhibit
                  B-3 - Investor Certificate:

              
	 	 
	 	
                Provide
                  the information requested by the Investor Certificate.

              
	 	
                5.

              	
                Return,
                  via facsimile, the signed Securities Purchase Agreement including
                  the
                  properly completed Exhibits B-1 through B-3, to:

              
	 	 	
                Facsimile:

              
	 	 	
                Telephone:

              
	 	 	
                Attn:

              
	 	
                6.

              	
                After
                  completing instruction number five (5) above, deliver the original
                  signed
                  Securities Purchase Agreement including the properly completed
                  Exhibits
                   B-1 through B-3 to:

              
	 	 	
                Address:

              
	
                B.

              	
                Instructions
                  regarding the wire transfer of funds for the purchase of the Securities
                  will be telecopied to the Investor by the Company at a later
                  date.

              

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Exhibit
        B-1

       

      EMCORE
        CORPORATION

       

      STOCK
        CERTIFICATE QUESTIONNAIRE

       

      
        	 	
                Please
                  provide us with the following information:

              	 
	
                1.

              	
                The
                  exact name that the Securities are to be registered in (this is
                  the name
                  that will appear on the stock and warrant certificate(s)).  You
                  may use a nominee name if appropriate:

              	 
	
                2.

              	
                The
                  relationship between the Investor of the Securities and the Registered
                  Holder listed in response to item 1 above:

              	 
	
                3.

              	
                The
                  mailing address, telephone and telecopy number and email address
                  of the
                  Registered Holder listed in response to item 1 above:

              	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	
                4.

              	
                The
                  Tax Identification Number of the Registered Holder listed in response
                  to
                  item 1 above:

              	 

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Exhibit
        B-2

       

      EMCORE
        CORPORATION

       

      REGISTRATION
        STATEMENT QUESTIONNAIRE

       

      In
        connection with the Registration Statement, please provide us with the following
        information regarding the Investor.

       

      1.           Please
        state your organization’s name exactly as it should appear in the Registration
        Statement:

       

      

       

      Except
        as
        set forth below, your organization does not hold any equity securities of
        theCompany on behalf of another person or entity.

       

      State
        any
        exceptions here:

       

      

       

      If
        the
        Investor is not a natural person, please identify the natural person or persons
        who willhave voting and investment control over the Securities owned by the
        Investor:

       

      

       

      2.  Address
        of your organization:

       

      

       

      

       

      Telephone:  __________________________

       

      Fax:  ________________________________

       

      Contact
        Person:  _______________________

       

      3.  Have
        you or your organization had any position, office or other material relationship
        within the past three years with the Company or its
        affiliates?  (Include any relationships involving you or any of your
        affiliates, officers, directors, or principal equity holders (5% or more)
        that
        has held any position or office or has had any other material relationship
        with
        the Company (or its predecessors or affiliates) during the past three
        years.)

       

      _______                      Yes                                _______                      No

       

      If
        yes,
        please indicate the nature of any such relationship below:

       

      4.  Are
        you the beneficial owner of any other securities of the
        Company?  (Include any equity securities that you beneficially own or
        have a right to acquire within 60 days after the date hereof, and as to which
        you have sole voting power, shared voting power, sole investment power or
        shared
        investment power.)

       

      _______                      Yes                                _______                      No

       

      If
        yes,
        please describe the nature and amount of such ownership as of a recent
        date.

       

      

      

      5.  Except
        as set forth below, you wish that all the shares of the Company’s common stock
        beneficially owned by you or that you have the right to acquire from the
        Company
        be offered for your account in the Registration Statement.

       

      State
        any exceptions here:

       

      

      

      6.  Have
        you made or are you aware of any arrangements relating to the public
        distribution of the Common Shares or Warrant Shares pursuant to the Registration
        Statement?

       

      _______                      Yes                                _______                      No

       

      If
        yes,
        please describe the nature and amount of such arrangements.

       

      7.           FINRA
        Matters

       

      (a)           State
        below whether (i) you or any associate or affiliate of yours
        are a member of the FINRA, a controlling shareholder of an
        FINRA member, a person associated with a member, a
        direct or indirect affiliate of a member, or an
underwriter or related person with respect to the proposed offering;
        (ii) you or any associate or affiliate of yours owns any stock
        or other securities of any FINRA member not purchased in the open
        market; or (iii) you or any associate or affiliate of yours
        has made any outstanding subordinated loans to any FINRA member. If you
        are a general or limited partnership, a no answer asserts that no such
        relationship exists for you as well as for each of your general or limited
        partners.

       

      
        	
                Yes:
                  __________

              	
                No:
                  __________

              

      

      

      If
        “yes,” please identify the FINRA member and describe
        your relationship, including, in the case of a general or limited partner,
        the
        name of the partner:

       

      If
        you
        answer “no” to Question 7(a), you need not respond to Question
        7(b).

       

      (b)           State
        below whether you or any associate or affiliate of yours has
        been an underwriter, or a controlling person or member of any
        investment banking or brokerage firm which has been or might be an underwriter
        for securities of the Corporation or any affiliate thereof including,
        but not limited to, the common stock now being registered.

       

      
        	
                Yes:
                  __________

              	
                No:
                  __________

              

      

      

      If
        “yes,” please identify the FINRA member and describe
        your relationship, including, in the case of a general or limited partner,
        the
        name of the partner.

       

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      ACKNOWLEDGEMENT

       

      The
        agrees to provide the Company and the Company’s counsel any and all such further
        information regarding the undersigned promptly upon request in connection
        with
        the preparation, filing, amending, and supplementing of the Registration
        Statement (or any prospectus contained therein).  The undersigned
        hereby consents to the use of all such information in the Registration
        Statement.

       

      The
        undersigned understands and acknowledges that the Company will rely on the
        information set forth herein for purposes of the preparation and filing of
        the
        Registration Statement.

       

      The
        undersigned understands that the undersigned may be subject to serious civil
        and
        criminal liabilities if the information provided by the undersigned hereunder
        for use in the Registration Statement, when it becomes effective, either
        contains an untrue statement of a material fact or omits to state a material
        fact required to be stated in the Registration Statement or necessary to
        make
        the statements in the Registration Statement not misleading.  The
        undersigned represents and warrants that all information it provides to the
        Company and its counsel is currently materially accurate and complete, and
        agrees during the Effectiveness Period and any additional period in which
        the
        undersigned is making sales of Shares under and pursuant to the Registration
        Statement, to promptly notify the Company of any misstatement of a material
        fact
        with respect to such information provided by the undersigned hereunder in
        the
        Registration Statement, and of the omission of any material fact necessary
        to
        make such statements not misleading.

       

      Dated:  __________

       

      
        	
                ______________________________

              
	
                Name

              
	
                ______________________________

              
	
                Signature

              
	
                ______________________________

              
	
                Name
                  and Title of Signatory

              

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Exhibit
        B-3

       

      EMCORE
        CORPORATION

       

      CERTIFICATE
        FOR CORPORATE, PARTNERSHIP, LIMITED LIABILITY COMPANY,

       

      TRUST,
        FOUNDATION AND JOINT INVESTORS

       

      If
        the
        Investor is a corporation, partnership, limited liability company, trust,
        pension plan, foundation, joint Investor (other than a married couple) or
        other
        entity, an authorized officer, partner, or trustee must complete, date and
        sign
        this Certificate.

       

      CERTIFICATE

       

      The
        undersigned certifies that the representations and responses below are true
        and
        accurate:

       

      (a)           The
        Investor has been duly formed and is validly existing and has full power
        and
        authority to invest in the Company.  The person signing on behalf of
        the undersigned has the authority to execute and deliver the Securities Purchase
        Agreement on behalf of the Investor and to take other actions with respect
        thereto.

       

      (b)           Indicate
        the form of entity of the undersigned:

       

      ____                      Limited
        Partnership

       

      ____                      General
        Partnership

       

      ____                      Limited
        Liability Company

       

      ____                      Corporation

       

      ____                      Revocable
        Trust (identify each grantor and indicate under what circumstances the trust
        is
        revocable by the grantor):

       

      

      (Continue
        on a separate piece of paper, if necessary.)

       

      ____                      Other
        type of Trust (indicate type of trust and, for trusts other than pension
        trusts,
        name the grantors and beneficiaries):

       

      

      (Continue
        on a separate piece of paper, if necessary.)

       

      ____                      Other
        form of organization (indicate form of organization ().

       

      (c)           Indicate
        the approximate date the undersigned entity was formed:.

       

      (d)           In
        order for the Company to offer and sell the Securities in conformance with
        state
        and federal securities laws, the following information must be obtained
        regarding your investor status.  Please initial each category
        applicable to you as an investor in the Company.

       

      
        	
                ___

              	
                1.

              	
                A
                  bank as defined in Section 3(a)(2) of the Securities Act, or any
                  savings
                  and loan association or other institution as defined in Section
                  3(a)(5)(A)
                  of the Securities Act whether acting in its individual or fiduciary
                  capacity;

              
	 	 	 
	
                ___

              	
                2.

              	
                A
                  broker or dealer registered pursuant to Section 15 of the Securities
                  Exchange Act of 1934;

              
	 	 	 
	
                ___

              	
                3.

              	
                An
                  insurance company as defined in Section 2(13) of the Securities
                  Act;

              
	 	 	 
	
                ___

              	
                4.

              	
                An
                  investment company registered under the Investment Company Act
                  of 1940 or
                  a business development company as defined in Section 2(a)(48) of
                  that
                  Act;

              
	 	 	 
	
                ___

              	
                5.

              	
                A
                  Small Business Investment Company licensed by the U.S.  Small
                  Business Administration under Section 301(c) or (d) of the Small
                  Business Investment Act of 1958;

              
	 	 	 
	
                ___

              	
                6.

              	
                A
                  plan established and maintained by a state, its political subdivisions,
                  or
                  any agency or instrumentality of a state or its political subdivisions,
                  for the benefit of its employees, if such plan has total assets
                  in excess
                  of $5,000,000;

              
	 	 	 
	
                ___

              	
                7.

              	
                An
                  employee benefit plan within the meaning of the Employee Retirement
                  Income
                  Security Act of 1974, if the investment decision is made by a plan
                  fiduciary, as defined in Section 3(21) of such Act, which is either a
                  bank, savings and loan association, insurance company, or registered
                  investment advisor, or if the employee benefit plan has total assets
                  in
                  excess of $5,000,000 or, if a self-directed plan, with investment
                  decisions made solely by persons that are accredited
                  investors;

              
	 	 	 
	
                ___

              	
                8.

              	
                A
                  private business development company as defined in Section 202(a)(22)
                  of the Investment Advisers Act of 1940;

              
	 	 	 
	
                ___

              	
                9.

              	
                Any
                  partnership or corporation or any organization described in
                  Section 501(c)(3) of the Internal Revenue Code or similar business
                  trust, not formed for the specific purpose of acquiring the Shares,
                  with
                  total assets in excess of $5,000,000;

              
	 	 	 
	
                ___

              	
                10.

              	
                A
                  trust, with total assets in excess of $5,000,000, not formed for
                  the
                  specific purpose of acquiring the Shares, whose purchase is directed
                  by a
                  sophisticated person as described in Rule  506(b)(2)(ii) of the
                  Exchange Act;

              
	 	 	 
	
                ___

              	
                11.

              	
                An
                  entity in which all of the equity owners qualify under any of the
                  above
                  subparagraphs.  If the undersigned belongs to this investor
                  category only, list the equity owners of the undersigned, and the
                  investor
                  category which each such equity owner satisfies: 

                (Continue
                  on a separate piece of paper, if necessary.)

              
	 	 	 

      

      Please
        set forth in the space provided below the (i) states, if any, in the U.S.
        in which you maintained your principal office during the past two years and
        the
        dates during which you maintained your office in each state, (ii) state(s),
        if any, in which you are incorporated or otherwise organized and
        (iii) state(s), if any, in which you pay income taxes.

       

      

       

      
        	
                Dated:__________________________,
                  2008

              
	 
	 
	
                Print
                  Name of Investor

              
	 
	 
	
                Name:

              
	
                Title:

              
	
                (Signature
                  and title of authorized officer, partner or
                  trustee)

              

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Exhibit C-1

       

      OPINION
        OF JONES DAY

       

      We
        have
        acted as special counsel for Emcore Corporation, a New Jersey corporation
        (the
“Company”), in connection with the purchase from the Company by the several
        purchasers named in Schedule A attached hereto (collectively, the
“Purchasers”) of common stock, no par value, of the Company (the “Common Stock”)
        and warrants to acquire additional shares of Common Stock, pursuant to the
        Stock
        Purchase Agreement dated as of February 15, 2008 (the “Stock Purchase
        Agreement”), by and among the Company and the Purchasers.  This letter
        is furnished to the Purchasers pursuant to Section 2.2(a)(iii) of the Stock
        Purchase Agreement.  Except as otherwise defined herein, terms used in
        this letter are used as defined in the Stock Purchase Agreement.

       

      In
        connection with the opinions expressed herein, we have examined such documents,
        records and matters of law as we have deemed relevant or necessary for purposes
        of such opinions.  Based on the foregoing, and subject to the further
        limitations, qualifications and assumptions set forth herein, we are of the
        opinion that:

       

      
        	
                1.  

              	
                Assuming
                  that (a) the Company is a corporation existing and in good standing
                  under
                  the laws of State of New Jersey and (b) the Stock Purchase Agreement
                  and
                  the Registration Rights Agreement dated as of February 15, 2008
                  (the
                  “Registration Rights Agreement”) by and among the Company and the
                  Purchasers (i) have been (A) authorized by all necessary corporate
                  action
                  of the Company and (B) executed and delivered by the Company under
                  the
                  laws of the State of New Jersey and (ii) do not violate the laws
                  of the
                  State of New Jersey, each of the Stock Purchase Agreement and the
                  Registration Rights Agreement constitutes a valid and binding obligation
                  of the Company, enforceable against the Company in accordance with
                  its
                  terms.

              

      

       

      
        	
                2.  

              	
                No
                  consent, approval, authorization or order of, or filing with, any
                  governmental agency or body or any court is required in connection
                  with
                  the execution, delivery or performance of the Stock Purchase Agreement
                  and
                  the Registration Rights Agreement by the Company, or in connection
                  with
                  the issuance or sale of the Common Stock and the Warrants by the
                  Company
                  to the Purchasers, except as may be required under (i) state securities
                  or
                  blue sky laws or (ii) the Securities Act of 1933 (the “Securities Act”) or
                  the Securities Exchange Act of
                  1934.

              

      

       

      
        	
                3.  

              	
                The
                  execution, delivery and performance of the Stock Purchase Agreement
                  and
                  the Registration Rights Agreement by the Company, the issuance
                  and sale of
                  the Common Stock and the Warrants by the Company and compliance
                  with the
                  terms and provisions of the Stock Purchase Agreement and the Registration
                  Rights Agreement by the Company will not violate any law or regulation
                  known to us to be generally applicable to transactions of this
                  type, or
                  any order or decree of any court, arbitrator or governmental agency
                  that
                  is binding upon the Company or its property  (this opinion being
                  limited to (i) those orders and decrees identified on
                  Exhibit A attached hereto, and (ii) in that we express no
                  opinion with respect to any violation not readily ascertainable
                  from the
                  face of any such order or decree).

              

      

       

      
        	
                4.  

              	
                It
                  is not necessary in connection with the offer and sale of the Common
                  Stock
                  and the Warrants to the Purchasers under the Stock Purchase Agreement
                  to
                  register the Common Stock or the Warrants under the Securities
                  Act.

              

      

       

      
        	
                5.  

              	
                The
                  Company is not required to register as an “investment company,” as such
                  term is defined in the Investment Company Act of
                  1940.

              

      

       

      The
        opinions set forth above are subject to the following limitations,
        qualifications and assumptions:

       

      We
        have
        assumed, for purposes of the opinions expressed herein, the legal capacity
        of
        all natural persons executing documents, the genuineness of all signatures,
        the
        authenticity of original and certified documents and the conformity to original
        or certified copies of all copies submitted to us as conformed or reproduction
        copies.  For the purposes of the opinions expressed herein, we also
        have assumed that each of the Purchasers has authorized, executed and delivered
        the documents to which each of them is a party and that each of such documents
        is the valid, binding and enforceable obligation of each of the
        Purchasers.

       

      As
        to
        facts material to the opinions and assumptions expressed herein, we have,
        with
        your consent, relied upon oral or written statements and representations
        of
        officers and other representatives of the Company and others, including the
        representations and warranties of the Company in the Stock Purchase
        Agreement.  We have not independently verified such
        matters.

       

      Our
        opinions set forth in paragraph 1 above with respect to the enforceability
        of
        the documents referred to in such opinions are subject to: (i) bankruptcy,
        insolvency, reorganization, fraudulent transfer and fraudulent conveyance,
        voidable preference, moratorium or other similar laws, and related regulations
        and judicial doctrines from time to time in effect, relating to or affecting
        creditors’ rights and remedies generally; (ii) the effect of general principles
        of equity, whether enforcement is considered in a proceeding in equity or
        at law
        (including the possible unavailability of specific performance or injunctive
        relief), concepts of materiality, good faith and fair dealing and the discretion
        of the court before which any proceeding may be brought; (iii) the qualification
        that we express no opinion as to the validity, binding effect or enforceability
        of any provision in any document or security (A) relating to indemnification,
        contribution or exculpation that may be violative of the public policy
        underlying any law, rule or regulation (including any federal or state
        securities law, rule or regulation) or (B) that imposes payment obligations
        at a
        rate or in an amount that a court would determine in the circumstances under
        applicable law to be commercially unreasonable or a penalty or a forfeiture;
        and
        (iv) the qualification that to the extent any opinion relates to the
        enforceability of the choice of New York law and choice of New York forum
        provisions of the documents or securities referred to therein, our opinion
        is
        rendered in reliance upon N.Y. Gen. Oblig. Law §§ 5-1401, 5-1402 (McKinney 2001)
        and N.Y. C.P.L.R. 327(b) (McKinney 2001), and that such enforceability may
        be
        limited by public policy considerations.

       

      With
        respect to our opinions in paragraph 3 above, we express no opinion as to
        state
        securities or “blue sky” laws.

       

      In
        rendering the opinions set forth in paragraph 4 above, we have assumed: (i)
        that
        the offer and sale of the Common Stock and the Warrants will be conducted
        solely
        in the manner contemplated by the Stock Purchase Agreement; and (ii) the
        accuracy and completeness of the respective representations and warranties
        of
        the Company and the Purchasers and compliance with their respective covenants
        and agreements as set forth in the Stock Purchase Agreement.

       

      The
        opinions expressed herein are limited to (i) the federal securities laws
        of the
        United States of America and (ii) the laws of the State of New York, in each
        case as currently in effect, and we express no opinion as to the effect of
        the
        laws of any other jurisdiction on the opinions expressed herein.

       

      We
        express no opinion as to the compliance or noncompliance, or the effect of
        the
        compliance or noncompliance, of each of the addressees or any other person
        or
        entity with any state or federal laws or regulations applicable to each of
        them
        by reason of their status as or affiliation with a federally insured depository
        institution.  Our opinions are limited to those expressly set forth
        herein, and we express no opinions by implication.

       

      This
        letter is furnished by us to you solely for the benefit of the Purchasers
        and
        solely with respect to the purchase of the Common Stock and Warrants from
        the
        Company by the Purchasers, upon the understanding that we are not hereby
        assuming any professional responsibility to any other person whatsoever,
        and
        that this letter is not to be used, circulated, quoted or otherwise referred
        to
        for any other purpose.

       

      

       

      
        
                
        

            
              	 	                

                                        C-2-                
              	 

            
      
      

                    
      
    

          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Exhibit C-2

       

      OPINION
        OF DILLON, BITAR & LUTHER, L.L.C.

       

      The
        opinion of Dillon, Bitar & Luther, L.L.C. shall be substantially in the form
        of the following paragraph and subject to customary exceptions and
        qualifications.

       

      1.           The
        Company is a corporation duly incorporated, validly existing and in good
        standing under the laws of the State of New Jersey, with corporate power
        and
        authority to own, lease and operate its properties and to conduct its business
        as described in the Public Fillings and to enter into and perform its
        obligations under this Agreement.

       

      2.           The
        Company has all necessary corporate power and authority to execute and deliver
        the Transaction Documents, to perform its obligations thereunder to issue
        the
        Notes and to consummate the other Transactions.

       

      3.           Each
        of the Stock Purchase Agreement and Registration Rights Agreement has been
        duly
        authorized, executed and delivered by the Company and constitutes a valid
        and
        binding agreement of the Company, enforceable against the Company in accordance
        with its terms.

       

      4.           The
        Company has all necessary power and authority to execute, issue and deliver
        the
        Warrants; the Warrants have been duly authorized for issuance and sale by
        the
        Company, will be in the form contemplated by the Warrant and, when executed,
        countersigned and issued in accordance with the terms of the Warrant and
        delivered to and paid for by the Purchasers pursuant to the Purchase Agreements,
        will constitute valid and binding obligations of the Company, enforceable
        against the Company in accordance with their terms.

       

      5.           The
        Company has all necessary power and authority to issue and deliver the Warrant
        Shares; the Warrant Shares have been duly reserved for issuance by the Company
        provided that such opinion may be based solely on the number of Warrant Shares
        issuable as of the Closing Date, without regard to the anti-dilution provisions
        of the Warrants, and, assuming any additional Warrant Shares which are issuable
        based on such anti-dilution provisions have been duly reserved for issuance
        by
        the Company, Warrant Shares, when issued in accordance with the Warrant,
        will be
        validly issued, fully paid and nonassessable; and such Warrant Shares will
        be
        issued in compliance with federal and state securities laws.

       

      6.           The
        Company has all necessary power and authority to issue and deliver the shares
        of
        Common Stock; the shares of Common Stock have been duly authorized, and,
        when
        duly issued and delivered to holders of the Common Stock, the Common Stock
        will
        be duly and validly issued, fully paid and nonassessable and will be issued
        in
        compliance with federal and state securities laws.

       

      7.           The
        execution and delivery of the Transaction Documents by the Company, the
        performance by the Company of its obligations thereunder (other than performance
        by the Company of its obligations under the indemnification sections of such
        agreements, as to which no opinion need be rendered), including the issuance
        and
        sale of the Securities and the issuance of the Warrant Shares upon conversion
        of
        the Warrants (i) will not result in any violation of the provisions of the
        charter or by-laws of the Company or any subsidiary; (ii)  will not
        result in any violation of any federal or New Jersey law or, to the best
        knowledge of such counsel any administrative regulation or administrative
        or
        court decree, applicable to the Company or any of its subsidiaries; or (iii)
        will not require any consent, approval, authorization or other order of,
        or
        registration or filing with, any court or other governmental or regulatory
        authority or agency, except (i) with respect to the transactions contemplated
        by
        the Resale Registration Rights Agreement as may be required under the Securities
        Act and the Exchange Act, (ii) as required by the state securities or “blue sky”
laws and (iii) for such consents, approvals, authorizations, orders, filings
        or
        registrations which have been obtained or made.

       

      

       

      
        
                
        

            
              	 	                

                                        C-2-                
              	 

            
      
      

                    
      
    

          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Exhibit D

       

      COMPANY
        TRANSFER AGENT INSTRUCTIONS

       

      [COMPANY
        TRANSFER AGENT]

      [ADDRESS]

      Attention:                                [_________],
        Account Representative

       

      Ladies
        and Gentlemen:

       

      Reference
        is made to that certain Securities Purchase Agreement, dated as of [January
        __],
        2008 (the “Agreement”), by and among EMCORE Corporation (the
“Company”), and the investors named on the Schedule
        of
        Investors attached thereto (collectively, the “Holders”),
        pursuant to which the Company is issuing to the Holders shares (the
“Common Shares”) of Common Stock of the Company, no par value
        (the “Common Stock”), and Warrants (the
“Warrants”), which are exercisable into shares
        of Common
        Stock.

       

      In
        connection with the consummation of the transactions contemplated by the
        Agreement, this letter shall serve as our irrevocable authorization and
        direction to you:

       

      (i)           to
        issue an aggregate of _______ shares of our Common Stock in the names and
        denominations set forth on Annex I attached hereto. The certificates should
        bear
        the legend set forth on Annex II attached hereto and “stop
        transfer” instructions should be placed against their subsequent
        transfer.  Kindly deliver the certificates to the respective delivery
        addresses set forth on Annex I via hand delivery or overnight
        courier.  We confirm that these shares will be validly issued, fully
        paid and non-assessable upon issuance; and

       

      (ii)           to
        issue (provided that you are the transfer agent of the Company at such time)
        certificates for shares of Common Stock upon transfer or resale of the Common
        Shares and receipt by you of certificate(s) for the Common Shares so transferred
        or sold (duly endorsed or accompanied by stock powers duly endorsed, in each
        case with signatures guaranteed and otherwise in form eligible for
        transfer).

       

      (iii)           to
        issue (provided that you are the transfer agent of the Company at such time)
        shares of Common Stock upon the exercise of the Warrants (the “Warrant
        Shares”) to or upon the order of a Holder from time to time upon
        delivery to you of a properly completed and duly executed Exercise Notice,
        in
        the form attached hereto as Annex II, which has been acknowledged by the
        Company as indicated by the signature of a duly authorized officer of the
        Company thereon.

       

      You
        acknowledge and agree that so long as you have previously received
        (a) written confirmation from the Company’s legal counsel that either
        (i) a registration statement covering resales of the Common Shares and the
        Warrant Shares has been declared effective by the Securities and Exchange
        Commission (the “SEC”) under the Securities Act of 1933, as
        amended (the “Securities Act”), or (ii) the Common Shares
        and the Warrant Shares are eligible for sale in conformity with Rule 144(k)
        (or
        Rule 144 after February 15, 2008) under the Securities Act
        (“Rule 144”) and (b) if applicable, a copy of such
        registration statement, then, unless otherwise required by law, within three
        (3) business days of your receipt of certificates representing the Common
        Shares and the Warrant Shares, you shall issue the certificates representing
        the
        Common Shares and the Warrant Shares to the Holders or their transferees,
        as the
        case may be, registered in the names of such Holders or transferees, as the
        case
        may be, and such certificates shall not bear any legend restricting transfer
        of
        the Common Shares and the Warrant Shares thereby and should not be subject
        to
        any stop-transfer restriction.  Any certificates tendered for transfer
        shall be endorsed or with stock powers attached, signatures guaranteed, and
        otherwise in form necessary to affect transfer.

       

      A
        form of
        written confirmation from the Company’s outside legal counsel that a
        registration statement covering resales of the Common Shares and the Warrant
        Shares has been declared effective by the SEC under the Securities Act is
        attached hereto as Annex III.

       

      Please
        be
        advised that the Holders are relying upon this letter as an inducement to
        enter
        into the Agreement and, accordingly, each Holder is a third party beneficiary
        to
        these instructions.

       

      Please
        execute this letter in the space indicated to acknowledge your agreement
        to act
        in accordance with these instructions.  Should you have any questions
        concerning this matter, please contact our counsel, [____________], Esq.,
        at
        [(___) ___-____].

       

      
        	 	
                Very
                  truly yours,

              
	 	
                EMCORE
                  CORPORATION

              
	 	
                By:                                                                

              
	 	
                Name:

              
	 	
                Title:

              
	
                THE
                  FOREGOING INSTRUCTIONS ARE

              
	
                ACKNOWLEDGED
                  AND AGREED TO

              
	
                this
                  ___ day of February, 2008

              
	 
	 
	
                [COMPANY
                  TRANSFER AGENT]

              
	 
	
                By:                                                                

              
	
                Name:                                                             

              
	
                Title:                                                             

              

      

       

      Enclosures

       

       

      

      
        
                
        

            
              	 	                

                                        D-                
              	 

            
      
      

                    
      
    

          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

       

      Exhibit
        E

       

      

       

      FORM
        OF LOCK-UP AGREEMENT

      February
        __, 2008

       

      Emcore
        Corporation

      10420
        Research Road, SE

      Albuquerque,
        new Mexico 87123

      

      
        	
                 

              	
                Re:  EMCORE
                  Corporation – Lock-Up
                  Agreement

              

      

       

      Dear
        Sirs:

       

      This
        Lock-Up Agreement is being
        delivered to you in connection with the Securities Purchase Agreement (the
        "Purchase Agreement"), dated as of February __, 2008 by and
        among EMCORE Corporation (the "Company") and the investors
        party thereto (the "Buyers"), with respect to the issuance of
        (i) shares of the Company's common stock, no par value per share (the
        "Common Stock") and (ii) warrants which will be exercisable to
        purchase shares of Common Stock.  Capitalized terms used herein and
        not otherwise defined herein shall have the respective meanings set forth
        in the
        Purchase Agreement.  This Lock-Up Agreement is one of a series of
        Lock-Up Agreements being executed and delivered on the date hereof by the
        executive officers of the Company (i.e. Reuben Richards, Hong Hou, Adam Gushard,
        Keith Kosco and John Iannelli) (collectively, the “Lock-Up
        Agreements”)

       

      In
        order to induce the Buyers to enter
        into the Purchase Agreement, the undersigned agrees that, commencing on the
        date
        hereof and ending on the date that is thirty (30) calendar days after the
        earlier of (i) the Effective Date and (ii) the last day of the Registration
        Period (the "Lock-Up Period"), the undersigned will not (i)
        sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant
        any
        option to purchase, make any short sale or otherwise dispose of or agree
        to
        dispose of, directly or indirectly, any securities of the Company, or establish
        or increase a put equivalent position or liquidate or decrease a call equivalent
        position within the meaning of Section 16 of the Securities and Exchange
        Act of
        1934, as amended and the rules and regulations of the Securities and Exchange
        Commission promulgated thereunder with respect to any securities of the Company
        owned directly by the undersigned (including holding as a custodian) or with
        respect to which the undersigned has beneficial ownership within the rules
        and
        regulations of the Securities and Exchange Commission, in each case, or (ii)
        enter into any swap or other arrangement that transfers to another, in whole
        or
        in part, any of the economic consequences of ownership of any securities
        of the
        Company, owned directly by the undersigned (including holding as a custodian)
        or
        with respect to which the undersigned has beneficial ownership within the
        rules
        and regulations of the Securities and Exchange Commission, whether any such
        transaction is to be settled by delivery of such securities, in cash or
        otherwise, (collectively, the "Undersigned’s
        Shares").

       

      The
        foregoing restriction is expressly
        agreed to preclude the undersigned or any affiliate of the undersigned from
        engaging in any hedging or other transaction which is designed to or which
        reasonably could be expected to lead to or result in a sale or disposition
        of
        the Undersigned’s Shares even if the Undersigned’s Shares would be disposed of
        by someone other than the undersigned.  Such prohibited hedging or
        other transactions would include, without limitation, any short sale or any
        purchase, sale or grant of any right (including, without limitation, any
        put or
        call option) with respect to any of the Undersigned’s Shares or with respect to
        any security that includes, relates to, or derives any significant part of
        its
        value from the Undersigned’s Shares.

       

      Notwithstanding
        the foregoing, the
        undersigned may transfer the Undersigned’s Shares (i) as a bona fide
        gift or gifts, provided that the donee or donees thereof agree to be bound
        in
        writing by the restrictions set forth herein or (ii) to any trust for the
        direct
        or indirect benefit of the undersigned or the immediate family of the
        undersigned, provided that the trustee of the trust agrees to be bound in
        writing by the restrictions set forth herein, and provided further that any
        such
        transfer shall not involve a disposition for value.  For purposes of
        this Lock-Up Agreement, “immediate family” shall mean any relationship by blood,
        marriage or adoption, not more remote than first cousin.  The
        undersigned now has, and, except as contemplated by clauses (i) and (ii)
        above,
        for the duration of this Lock-Up Agreement will have, good and marketable
        title
        to the Undersigned’s Shares, free and clear of all liens, encumbrances, and
        claims whatsoever.  The undersigned also agrees and consents to the
        entry of stop transfer instructions with the Company’s transfer agent and
        registrar against the transfer of the Undersigned’s Shares except in compliance
        with the foregoing restrictions.  Further, the following shall not be
        subject to this Lock-Up Agreement: (i) [Richards only]
        an aggregate of up to 100,000 of the Undersigned’s Shares issued upon the
        exercise of stock options outstanding on the date hereof, and (ii) the portion
        of an aggregate of 200,000 shares of the Company’s common stock for all Lock-Up
        Agreements allocated to the undersigned by action of the Board of Directors
        of
        the Company.

       

      Nothing
        contained in this letter
        agreement shall restrict, or be deemed to restrict, the undersigned from
        entering into any plan adopted and established pursuant to Rule 10b5-1 under
        the
        Securities Exchange Act of 1934, as amended, so long as no transactions in
        the
        Company’s securities occur pursuant to such plan prior to the expiration of the
        Lock-Up Period.

       

      The
        undersigned understands and agrees
        that this Lock-Up Agreement is irrevocable and shall be binding upon the
        undersigned’s heirs, legal representatives, successors, and
        assigns.

       

      This
        Lock-Up Agreement may be executed
        in two counterparts, each of which shall be deemed an original but both of
        which
        shall be considered one and the same instrument.

       

      This
        Lock-Up Agreement will be governed
        by and construed in accordance with the laws of the State of New York, without
        giving effect to any choice of law or conflicting provision or rule (whether
        of
        the State of New York, or any other jurisdiction) that would cause the laws
        of
        any jurisdiction other than the State of New York to be applied.  In
        furtherance of the foregoing, the internal laws of the State of New York
        will
        control the interpretation and construction of this Lock-Up Agreement, even
        if
        under such jurisdiction's choice of law or conflict of law analysis, the
        substantive law of some other jurisdiction would ordinarily apply.

       

      The
        Company hereby appoints
        [______________________________], as its agent for service of process in
        New
        York.  The undersigned hereby appoints
        [______________________________], as its agent for service of process in
        New
        York.

       

      

       

      
        	
                 

              	
                Very
                  truly yours,

              

      

       

      
        	
                 

              	
                ______________________________

              

      

      
        	
                 

              	
                Exact
                  Name of Stockholder

              

      

       

      
        	
                 

              	
                ______________________________

              

      

      
        	
                 

              	
                Authorized
                  Signature

              

      

       

      
        	
                 

              	
                ______________________________

              

      

      
        	
                 

              	
                Title

              

      

      

      
        	
                 

              	
                Agreed
                  to and Acknowledged:

              

      

      

      
        	
                 

              	
                EMCORE
                  CORPORATION

              

      

      

      

      
        	
                 

              	
                By:  _______________________

              

      

      
        	
                 

              	
                       Name:

              

      

      
        	
                 

              	
                       Title:

              

      

       

      

       

      

       

      

      
        
                
        

            
              	 	                

                                        D-                
              	 

            
      
      

                    
      
    

          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      ANNEX
        I

       

      SCHEDULE
        OF INVESTORS

       

      
        	
                Investor

              	
                Registered
                  Holder

              	
                Shares

              	
                Warrants

              	
                Purchase
                  Price

              	
                Contact
                  Details and Mailing

              
	
                Polar
                  Capital

              	 	
                           840,000

              	
                            147,000

              	
                 $
                  10,500,000

              	 
	 	
                Altairis
                  Offshore

              	
                        283,100

              	
                          49,543

              	
                          $3,538,750

              	
                BMO
                  Nesbitt Burns Inc

                Account
                  Reference: 402-20080, Altairis Offshore

                1
                  First Canadian Place, 35th Floor

                Toronto,
                  ON  M5X 1H3

                Attn:
                  Jennifer Scotland, 416-359-4972

              
	 	
                Altairis
                  Investments, LP

              	
                          54,400

              	
                            9,520

              	
                            $680,000

              	
                BMO
                  Nesbitt Burns Inc

                Account
                  Reference: 402-20055, Altairis Offshore

                1
                  First Canadian Place, 35th Floor

                Toronto,
                  ON  M5X 1H3

                Attn:
                  Jennifer Scotland, 416-359-4972

              
	 	
                Altairis
                  Offshore Levered

              	
                        502,500

              	
                          87,938

              	
                          $6,281,250

              	
                BMO
                  Nesbitt Burns Inc

                Account
                  Reference: 402-20486,  Altairis Offshore

                1
                  First Canadian Place, 35th Floor

                Toronto,
                  ON  M5X 1H3

                Attn:
                  Jennifer Scotland, 416-359-4972

              
	
                Quercus
                  Trust

              	
                The
                  Quercus Trust

              	
                        752,000

              	
                              131,600

              	
                          9,400,000

              	
                1835
                  Newport Blvd, A109

                PMB
                  467

                Costa
                  Mesa, CA 92627

                (949)
                  631-6723

              
	
                Marathon

              	
                Marathon
                  Global Equity Master Fund, Ltd.

              	
                        600,000

              	
                              105,000

              	
                          7,500,000

              	
                Goldman,
                  Sachs & Co.

                30
                  Hudson Street

                Jersey
                  City, NJ 07302

                212-381-4422

              
	
                UBS
                  O'Connor

              	
                UBS
                  O'Connor LLC F/B/O: O'Connor Pipes Corporate Strategies Master
                  Limited

              	
                        336,000

              	
                          58,800

              	
                          4,200,000

              	
                UBS
                  O'Connor LLC

                One
                  North Wacker Drive, 32nd floor

                Chicago,
                  IL 60614

                Attn:
                  Robert Murray

              
	 	
                UBS
                  O'Connor LLC F/B/O: O'Connor Global Convertible Arbitrage Master
                  Limited

              	
                        210,560

              	
                          36,848

              	
                          2,632,000

              	
                UBS
                  O'Connor LLC

                One
                  North Wacker Drive, 32nd floor

                Chicago,
                  IL 60614

                Attn:
                  Robert Murray

              
	 	
                UBS
                  O'Connor LLC F/B/O: O'Connor Global Convertible Arbitrage II Master
                  Limited

              	
                          13,440

              	
                            2,352

              	
                            168,000

              	
                UBS
                  O'Connor LLC

                One
                  North Wacker Drive, 32nd floor

                Chicago,
                  IL 60614

                Attn:
                  Robert Murray

              
	
                Tocqueville

              	
                Tocqueville
                  Fund

              	
                        225,000

              	
                          39,375

              	
                          2,812,500

              	
                Tocqueville
                  Asset Management

                40
                  West 57th Street, 19th Floor

                New
                  York, NY 10019

              
	 	
                Tocqueville
                  Amerique

              	
                          45,000

              	
                            7,875

              	
                            562,500

              	
                Tocqueville
                  Asset Management

                40
                  West 57th Street, 19th Floor

                New
                  York, NY 10019

              
	 	
                Montber
                  S.A. Income

              	
                        190,000

              	
                          33,250

              	
                          2,375,000

              	
                Tocqueville
                  Asset Management

                40
                  West 57th Street, 19th Floor

                New
                  York, NY 10019

              
	 	
                Thorn
                  Limited

              	
                          35,000

              	
                            6,125

              	
                            437,500

              	
                Tocqueville
                  Asset Management

                40
                  West 57th Street, 19th Floor

                New
                  York, NY 10019

              
	 	
                Kalunbourg
                  Limited

              	
                          15,000

              	
                            2,625

              	
                            187,500

              	
                Tocqueville
                  Asset Management

                40
                  West 57th Street, 19th Floor

                New
                  York, NY 10019

              
	
                Highbridge

              	
                Highbridge
                  International LLC, by: Highbridge Capital Management LLC, its trading
                  manager

              	
                        500,000

              	
                          87,500

              	
                          6,250,000

              	
                Bear
                  Stearms

                1
                  Metrotech Center, 20th Floor

                Brooklyn,
                  NY 11201

                212-272-3915

                Attn:
                  Elanna Bradley

              
	
                Ardsley

              	
                Ardsley
                  Partners Fund II, LP

              	
                        126,500

              	
                          22,138

              	
                          1,581,250

              	
                262
                  Harbor Drive, 4th floor

                Stamford,
                  CT 06902

              
	 	
                Ardsley
                  Partners Institutional Fund, LP

              	
                          81,800

              	
                          14,315

              	
                          1,022,500

              	
                262
                  Harbor Drive, 4th floor

                Stamford,
                  CT 06902

              
	 	
                Ardsley
                  Partners Renewable Energy Fund, LP

              	
                          68,300

              	
                          11,953

              	
                            853,750

              	
                262
                  Harbor Drive, 4th floor

                Stamford,
                  CT 06902

              
	 	
                Ardsley
                  Offshore Fund, Ltd

              	
                          88,500

              	
                          15,488

              	
                          1,106,250

              	
                262
                  Harbor Drive, 4th floor

                Stamford,
                  CT 06902

              
	 	
                Ardsley
                  Renewable Energy Offshore Fund, Ltd

              	
                        116,100

              	
                          20,318

              	
                          1,451,250

              	
                262
                  Harbor Drive, 4th floor

                Stamford,
                  CT 06902

              
	 	
                Marion
                  Lynton

              	
                            3,200

              	
                              560

              	
                              40,000

              	
                262
                  Harbor Drive, 4th floor

                Stamford,
                  CT 06902

              
	 	
                HFR
                  HE Ardsley Master Trust

              	
                          15,600

              	
                            2,730

              	
                            195,000

              	
                262
                  Harbor Drive, 4th floor

                Stamford,
                  CT 06902

              
	
                Hudson
                  Bay

              	
                Hudson
                  Bay Overseas Fund Ltd

              	
                        545,600

              	
                          95,480

              	
                          6,820,000

              	
                120
                  Broadway, 40th floorNew York, NY 10271

              
	 	
                Hudson
                  Bay Fund LP

              	
                        334,400

              	
                          58,520

              	
                 
                  4,180,000

              	
                120
                  Broadway, 40th floor

                New
                  York, NY 10271

              
	
                Ramius

              	
                Portside
                  Growth & Opportunity Fund

              	
                        480,000

              	
                          84,000

              	
                          6,000,000

              	
                David
                  Larrauri

                Account
                  Manager

                Prime
                  Brokerage

                Global
                  Equity Finance

                CITIGROUP
                  GLOBAL MARKETS INC.

                390
                  Greenwich Street, 3rd floor

                New
                  York, NY 10013

                Tel
                  212-723-5902

              
	
                Empire

              	
                Empire
                  Capital Partners, Ltd

              	
                        155,400

              	
                          27,195

              	
                          1,942,500

              	
                Empire
                  Capital Management, LLC

                One
                  Gorham Island, Suite 201

                Westport,
                  CT 06880

                203-454-1019

              
	 	
                Empire
                  Capital Partners, Lp

              	
                        144,600

              	
                          25,305

              	
                          1,807,500

              	
                Empire
                  Capital Management, LLC

                One
                  Gorham Island, Suite 201

                Westport,
                  CT 06880

                203-454-1019

              
	
                Heights

              	
                Capital
                  Ventures International

              	
                        300,000

              	
                          52,500

              	
                          3,750,000

              	
                Heights
                  Capital Management

                101
                  California Street, Suite 3250

                San
                  Francisco, CA 94111

              
	
                Iroquois

              	
                Iroquois
                  Master Fund Ltd.

              	
                        300,000

              	
                          52,500

              	
                          3,750,000

              	
                641
                  Lexinton Avenue, 35th floor

                New
                  York, NY 10022

              
	
                Kingdon

              	
                Kingdon
                  Associates

              	
                          72,600

              	
                          12,705

              	
                            907,500

              	
                152
                  West 57th Street, 50th Floor

                New
                  York, Ny 10019

              
	 	
                M.
                  Kingdon Offshore Ltd.

              	
                        217,350

              	
                          38,036

              	
                          2,716,875

              	
                152
                  West 57th Street, 50th Floor

                New
                  York, Ny 10019

              
	 	
                Kingdon
                  Family Partnership, L.P.

              	
                10,050

              	
                     1,759

              	
                       125,625

              	
                152
                  West 57th Street, 50th Floor

                New
                  York, Ny 10019

              
	
                Interlachen

              	
                Investcorp
                  Interlachen Multi-Strategy Master Fund Limited

              	
                        200,000

              	
                          35,000

              	
                          2,500,000

              	
                Interlachen
                  Capital Group LP

                800
                  Nicolet Mall, Suite 2500

                Minneapolis,
                  MN 55402

              
	
                CD
                  Capital

              	
                Carpe
                  Diem Capital Management LLC, c/o Goldman Sachs & Co

              	
                        160,000

              	
                          28,000

              	
                          2,000,000

              	
                Purchaser:

                Carpe
                  Diem Capital Management LLC

                111
                  South Wacker Drive, Suite 3950

                Chicago,
                  IL 60606

                Tel
                  :312-803-5010

                 

                Goldman,
                  Sachs & Co

                One
                  New York Plaza, 48th Floor

                New
                  York, NY 10004

                Tel:
                  212-357-7172

                Fax:
                  212-428-5806

              
	
                Gruber

              	
                Lagunitas
                  Partners LP

              	
                          97,000

              	
                          16,975

              	
                          1,212,500

              	
                Gruber
                  & McBaine Capital Management

                50
                  Osgood Place, PH

                San
                  Francisco, CA 94133

              
	 	
                Gruber
                  & McBaine International

              	
                            7,000

              	
                            1,225

              	
                              87,500

              	
                Gruber
                  & McBaine Capital Management

                50
                  Osgood Place, PH

                San
                  Francisco, CA 94133

              
	 	
                Jon
                  D & Linda W Gruber Trust

              	
                         56,000

              	
                           9,800

              	
                700,000

              	
                Gruber
                  & McBaine Capital Management

                50
                  Osgood Place, PH

                San
                  Francisco, CA 94133

              
	
                Cara
                  Castle

              	
                Cara
                  Castle Partners

              	
                        88,000

              	
                          15,400

              	
                          1,100,000

              	
                14
                  The Ridge

                Plandome,
                  NY 11030

              
	
                MM
                  Capital

              	
                MMCAP
                  Int'l Inc SPC

              	
                        150,000

              	
                          26,250

              	
                          1,875,000

              	
                MMCAP
                  Int'l Inc SPC

                90
                  Fort St, Box 32021

                Grand
                  Cayman

                Cayman
                  Islands

              
	
                Cranshire

              	
                Cranshire
                  Capital, L.P.

              	
                        120,000

              	
                          21,000

              	
                          1,500,000

              	
                3100
                  Dundee Road, Suite 703

                NorthBreek,
                  IL

              
	
                Enable

              	
                Enable
                  Growth Partners

              	
                        100,000

              	
                          17,500

              	
                          1,250,000

              	
                One
                  Ferry Building, Suite 255

                San
                  Francisco, CA 94111

              
	
                Crestview

              	
                Crestview
                  Capital Master, LLC

                By:
                  Crestview Capital Partners, LLC, its Sole Manager

              	
                        100,000

              	
                          17,500

              	
                          1,250,000

              	
                95
                  Revere Drive, Suite A

                Northbrook,
                  IL 60062

              
	
                Rock
                  Hill Investment Management, LP

              	
                                RHP
                  Master Fund, Ltd.

              	
                                    100,000

              	
                          17,500

              	
                          1,250,000

              	
                c/o
                  Rock Hill Investment Management, LP

                Three
                  Bala Plaza - East, Suite 585

                Bala
                  Cynwyd, PA 19004

              

      

      

      

      
        
                
        

            
              	 	                

                                        D-                
              	 

            
      
      

                    
      
    

          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      ANNEX
        II

       

      FORM
        OF
        EXERCISE NOTICE

       

      (To
        be
        executed by the Holder to exercise the right to purchase shares of Common
        Stock
        under the foregoing Warrant)

       

      To:  EMCORE
        Corporation

       

      The
        undersigned is the Holder of Warrant No. _______ (the
“Warrant”) issued by EMCORE Corporation, a New Jersey
        corporation (the “Company”).  Capitalized terms used
        herein and not otherwise defined have the respective meanings set forth in
        the
        Warrant.

       

      (1)           The
        Warrant is currently exercisable to purchase a total of ______________ Warrant
        Shares.

       

      (2)           The
        undersigned Holder hereby exercises its right to purchase _________________
        Warrant Shares pursuant to the Warrant.

       

      (3)           The
        Holder intends that payment of the Exercise Price shall be made as (check
        one):

       

      
        	
                ____

              	
                “Cash
                  Exercise” under Section 10

              
	
                ____

              	
                “Cashless
                  Exercise” under Section 10

              
	 	 

      

      (4)           If
        the holder has elected a Cash Exercise, the holder shall pay the sum of
        $____________ to the Company in accordance with the terms of the
        Warrant.

       

      (5)           Pursuant
        to this exercise, the Company shall deliver to the holder _______________
        Warrant Shares in accordance with the terms of the Warrant.

       

      (6)           Following
        this exercise, the Warrant shall be exercisable to purchase a total of
        ______________ Warrant Shares.

       

      
        	 	 	 	 
	
                Dated: ,

              	 	
                Name
                  of Holder:

              	 
	 	 	 	 
	 	 	
                (Print)                                                                

              	 
	 	 	 	 
	 	 	
                By:                                                                

              	 
	 	 	
                Name:                                                                

              	 
	 	 	
                Title:                                                                

              	 
	 	 	 	 
	 	 	
                (Signature
                  must conform in all respects to name of holder as specified on
                  the face of
                  the Warrant)

              	 
	
                ACKNOWLEDGED
                  AND AGREED TO

              
	
                this
                  ___ day of ___________, 200_

              
	 
	 
	
                EMCORE
                  CORPORATION

              
	 
	 
	
                By:                                                                

              
	
                Name:

              
	
                Title:

              

      

      

       

      
        
                
        

            
              	 	                

                                        D-                
              	 

            
      
      

                    
      
    

          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      ANNEX
        III

       

      FORM
        OF
        NOTICE OF EFFECTIVENESS OF REGISTRATION STATEMENT

       

      [COMPANY
        TRANSFER AGENT]

      [ADDRESS]

      Attention:                                [_________],
        Account Representative

       

      Re:           EMCORE
        Corporation

       

      Ladies
        and Gentlemen:

       

      We
        are
        counsel to EMCORE Corporation, a New Jersey corporation (the
“Company”), and have represented the Company in connection with
        that certain Securities Purchase Agreement, dated as of January __, 2008
        (the
“Securities Purchase Agreement”), entered into by and among the
        Company and the buyers named therein (collectively, the
“Purchasers”) pursuant to which the Company issued to the
        Purchasers shares of Common Stock of the Company, no par value (the
“Common Shares”) and Warrants (the
“Warrants”), which are exercisable into shares
        of Common Stock
        (the “Warrant Shares”).  Pursuant to the Securities
        Purchase Agreement, the Company agreed to register the resale of the Common
        Shares and the Warrant Shares (collectively, the “Registrable
        Securities”) under the Securities Act of 1933, as amended (the
“Securities Act”). In connection with the Company’s obligations
        under the Securities Purchase Agreement,
        on                      
        , 2008, the Company filed a Registration Statement on Form S-3 (File
        No. 333-                     
        ) (the “Registration Statement”) with the Securities and
        Exchange Commission (the “Commission”) relating to the
        Registrable Securities which names each of the Purchasers as a selling
        shareholder thereunder.

       

      In
        connection with the foregoing, we advise you that a member of the SEC’s staff
        has advised us by telephone that the SEC has entered an order declaring the
        Registration Statement effective under the Securities Act at
              [a.m.][p.m.]
        on                      
        , 2008, and we have no knowledge, after telephonic inquiry of a member of
        the
        staff, that any stop order suspending its effectiveness has been issued or
        that
        any proceedings for that purpose are pending before, or threatened by, the
        Commission and the Registrable Securities are available for resale under
        the
        Securities Act pursuant to the Registration Statement.

       

      This
        letter shall serve as our standing notice to you that the Common Shares and
        the
        Warrant Shares may be freely transferred by the Purchasers pursuant to the
        Registration Statement so long as the Holders certify they will comply with
        the
        plan of distribution description in connection with sales or transfers of
        the
        Common Shares and the Warrant Shares set forth in the Registration Statement
        and
        with the prospectus delivery requirements of the Securities Act, to the extent
        such delivery requirement are applicable. You need not require further letters
        from us to effect any future legend-free issuance or reissuance of shares
        of the
        Common Shares and the Warrant Shares to the Purchasers or the transferees
        of the
        Purchasers, as the case may be, as contemplated by the Company’s Irrevocable
        Transfer Agent Instructions dated
                    
        , 2008.

       

      
        
                
        

            
              	 	                

                                        D-                
              	 

            
      
      

                    
      
    

          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Schedule
        3.1(f)

       

      CAPITALIZATION

       

       

      As
        of
        February 14, 2008.

       

      Preferred
        Stock, $0.0001 par:  5,882,000 shares authorized, no shares
        outstanding.

       

      Common
        Stock, no par value:  100,000,000 shares authorized,
        64,321,018 shares issued and 64,460,503 shares outstanding.

       

      Options: 
        5,314,414 outstanding; 3,759,653 vested and expected to vest; 2,324,953
        exercisable.

       

      Convertible
        Subordinated Notes:  $1,669,000 outstanding.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Schedule
        3.1(g)

       

      SEC
        REPORTS

       

      
        	
                1.  

              	
                Annual
                  Report on Form 10-K for the fiscal year ended September 30,
                  2006.

              

      

       

      
        	
                2.  

              	
                Quarterly
                  Report on Form 10-Q for the quarterly period ended December 31,
                  2006.

              

      

       

      
        	
                3.  

              	
                Quarterly
                  Report on Form 10-Q for the quarterly period ended March 31,
                  2007.

              

      

       

      
        	
                4.  

              	
                Quarterly
                  Report on Form 10-Q for the quarterly period ended June 30,
                  2007.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Schedule
        3.1(h)

       

      MATERIAL
        CHANGES

       

      None.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Schedule
        3.1(n)

       

      LISTING
        AND MAINTENANCE REQUIREMENTS

       

      
        	
                1.  

              	
                NASDAQ
                  Staff Determination letter dated December 18, 2006 regarding failure
                  to
                  file annual report on Form 10-K for the fiscal year ended September
                  30,
                  2006.

              

      

       

      
        	
                2.  

              	
                NASDAQ
                  Staff Determination letter dated February 13, 2007, regarding failure
                  to
                  comply with NASDAQ Marketplace Rule 4310(c)(14) for failure to
                  file
                  quarterly report on Form 10-Q for the quarterly period ended December
                  31,
                  2006.  Similar NASDAQ Staff Determination letters were received
                  for failure to file quarterly reports on Form 10-Q for the quarterly
                  periods ended March 31, 2007 and June 30,
                  2007.

              

      

       

      
        	
                3.  

              	
                NASDAQ
                  Staff Determination letter dated October 2, 2007 regarding failure
                  to
                  comply with NASDAQ Marketplace Rules 4350(e) and 4350(g) because
                  the
                  Company did not hold an annual meeting of stockholders within twelve
                  months after the Company’s fiscal year
                  end.

              

      

       

      
        	
                4.  

              	
                Letter
                  from NASDAQ Listing and Hearing Review Council dated October 5,
                  2007
                  allowing the Company until December 4, 2007 to demonstrate compliance
                  with
                  all of the listing requirements of the NASDAQ Global Market
                  System.

              

      

       

      
        	
                5.  

              	
                Letter
                  from NASDAQ Listing Qualifications Panel dated December 12, 2007
                  stating it had determined that the Company has complied with all
                  continued
                  listing standards for listing on the NASDAQ Global
                  Market.ex10-2.htm

     

    

      

       

      
        

        

      

      
        EXHIBIT
          10.2

      

       

      REGISTRATION
        RIGHTS AGREEMENT

       

      This
        REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is
        dated as of February 15, 2008, and is by and among EMCORE Corporation, a
        corporation organized under the laws of New Jersey, with its principal offices
        at 10420 Research Road SE, Albuquerque, NM 87123 (the
“Company”), and the undersigned buyers (each, a
“Buyer”, and collectively, the
“Buyers”).

       

      WHEREAS:

       

      A.           In
        connection with the Securities Purchase Agreement by and among the parties
        hereto of even date herewith (the “Securities Purchase
        Agreement”), the Company has agreed, upon the terms and subject to the
        conditions of the Securities Purchase Agreement, to issue and sell on the
        date
        hereof to each Buyer shares (the “Common Shares”) of the
        Company’s common stock, no par value (the “Common Stock”) and
        warrants (the “Warrants”) to acquire additional shares of
        Common Stock (the shares of Common Stock issuable upon exercise of or otherwise
        pursuant to the Warrants issued, collectively, the “Warrant
        Shares”).

       

      B.           To
        induce the Buyers to execute and deliver the Securities Purchase Agreement,
        the
        Company has agreed to provide certain registration rights under the Securities
        Act of 1933, as amended, and the rules and regulations thereunder, or any
        similar successor statute (collectively, the “1933 Act”), and
        applicable state securities laws.

       

      NOW,
        THEREFORE, in consideration of the premises and the mutual covenants
        contained herein and other good and valuable consideration, the receipt and
        sufficiency of which are hereby acknowledged, the Company and each of the
        Buyers
        hereby agree as follows:

       

      1.  Definitions.  Capitalized
        terms used herein and not otherwise defined herein shall have the respective
        meanings set forth in the Securities Purchase Agreement.  As used in
        this Agreement, the following terms shall have the following
        meanings:

       

      (a)  “1934
        Act” means the Securities Exchange Act of 1934, as
        amended.

       

      (b)  “Business
        Day” means any day other than Saturday, Sunday or any other day on
        which commercial banks in the City of New York are authorized or required
        by law
        to remain closed.

       

      (c)  “Closing
        Date” shall have the meaning set forth in the Securities Purchase
        Agreement.

       

      (d)  “Effective
        Date” means the date the Registration Statement has been declared
        effective by the SEC.

       

      (e)  “Effectiveness
        Deadline” means the date that is ninety (90) days after the Closing
        Date (which shall be extended to one hundred twenty (120) days after the
        Closing
        Date if the Registration Statement is subject to SEC review).

       

      (f)  “Eligible
        Market” means the American Stock Exchange, the New York Stock Exchange,
        Inc., The NASDAQ Global Select Market, The NASDAQ Global Market or The NASDAQ
        Capital Market.

       

      (g)  “Filing
        Deadline” means the date that is thirty (30) days after the Closing
        Date.

       

      (h)  “Investor”
        means a Buyer or any transferee or assignee thereof to whom a Buyer assigns
        its
        rights under this Agreement and who agrees to become bound by the provisions
        of
        this Agreement in accordance with Section 9 and any transferee or assignee
        thereof to whom a transferee or assignee assigns its rights under this Agreement
        and who agrees to become bound by the provisions of this Agreement in accordance
        with Section 9.

       

      (i)  “Person”
        means an individual, a limited liability company, a partnership, a joint
        venture, a corporation, a trust, an unincorporated organization and a government
        or any department or agency thereof.

       

      (j)  “register”,
        “registered” and “registration” refer to a
        registration effected by preparing and filing one or more Registration
        Statements (as defined below) in compliance with the 1933 Act and pursuant
        to
        Rule 415 and the declaration or ordering of effectiveness of such Registration
        Statement(s) by the SEC.

       

      (k)  “Registrable
        Securities” means (i) the Common Shares, (ii) the Warrant Shares, and
        (iii) any shares of capital stock issued or issuable with respect to the
        Common
        Shares, the Warrants or the Warrant Shares as a result of any stock split,
        stock
        dividend, recapitalization, exchange or similar event or otherwise.

       

      (l)  “Registration  Statement”
        means  a registration statement or registration statements of the
        Company filed under the 1933 Act covering the Registrable
        Securities.

       

      (m)  “Required
        Holders” means the holders of at least 66% of the Registrable
        Securities.

       

      (n)  “Required
        Registration Amount” for the Registration Statement means the sum of
        (i) the number of Common Shares issued pursuant to the Securities Purchase
        Agreement and (ii) the number of Warrant Shares issued and issuable pursuant
        to
        the Warrants as of the trading day immediately preceding the applicable date
        of
        determination.

       

      (o)  “Rule
        415” means Rule 415 promulgated under the 1933 Act or any successor
        rule providing for offering securities on a continuous or delayed
        basis.

       

      (p)  “SEC”
        means the United States Securities and Exchange Commission.

       

      2.  Registration.

       

      (a)  Mandatory
        Registration.  The Buyers acknowledge that Form S-3 is not
        available for the registration of their resale of the Common
        Shares.  The Company shall prepare, and, as soon as practicable but in
        no event later than the Filing Deadline, file with the SEC the Registration
        Statement on Form S-1 covering the resale of at least the number of shares
        of
        Common Stock equal to the Required Registration Amount determined as of the
        date
        the Registration Statement is initially filed with the SEC.  The
        Registration Statement shall contain (except if otherwise directed by the
        Required Holders) “Selling Stockholders” and “Plan of
        Distribution” sections in substantially the form attached hereto as
Exhibit B.  The Company shall use its commercially reasonable
        best efforts to have the Registration Statement declared effective by the
        SEC as
        soon as practicable, but in no event later than the Effectiveness
        Deadline.  No later than 9:30 a.m. Eastern Time on the first Business
        Day following the Effective Date, the Company shall notify the Holders of
        the
        effectiveness of the Registration Statement (which notice shall be transmitted
        to all Holders at approximately the same time) and, no later than the second
        Business Day following the Effective Date, the Company shall file with the
        SEC,
        in accordance with Rule 424 under the 1933 Act, the final prospectus to be
        used
        in connection with sales pursuant to such Registration Statement.

       

      (b)  Legal
        Counsel.  Subject to Section 5 hereof, the Required Holders shall
        have the right to select one legal counsel to review any registration pursuant
        to this Section 2 (“Legal Counsel”), which shall be Schulte
        Roth & Zabel LLP, or such counsel as thereafter designated by the Required
        Holders.  The Company and Legal Counsel shall reasonably cooperate
        with each other in performing the Company’s obligations under this
        Agreement.

       

      (c)  Sufficient
        Number of Shares Registered.  In the event the number of shares
        available under a Registration Statement filed pursuant to Section 2(a) is
        insufficient to cover all of the Registrable Securities, the Company shall
        amend
        the applicable Registration Statement, or file a new Registration Statement,
        or
        both, to register any unregistered portion of the Required Registration Amount
        of Registrable Securities, determined as of the trading day immediately
        preceding the date of the filing of such amendment or new Registration
        Statement.  The filing of the amendment or new Registration Statement,
        as applicable, should occur as soon as practicable.  The Company shall
        use its commercially reasonable best efforts to cause such amendment and/or
        new
        Registration Statement to become effective as soon as practicable following
        the
        filing thereof.  For purposes of the foregoing provision, the number
        of shares available under a Registration Statement shall be deemed “insufficient
        to cover all of the Registrable Securities” if at any time the number of shares
        of Common Stock available for resale under the Registration Statement is
        less
        than the Required Registration Amount.  The calculation set forth in
        the foregoing sentence shall be made without regard to any limitations on
        the
        exercise of the warrants and such calculation shall assume that the Warrants
        are
        then exercisable into shares of Common Stock.

       

      (d)  Effect
        of Failure to File and Obtain and Maintain Effectiveness of Registration
        Statement.  If (i) a Registration Statement covering all of the
        Registrable Securities required to be covered thereby and required to be
        filed
        by the Company pursuant to this Agreement is (A) not filed with the SEC on
        or
        before the Filing Deadline (a “Filing Failure”) or (B) not
        declared effective by the SEC on or before the Effectiveness Deadline (an
        “Effectiveness Failure”); (ii) on any day after the Effective
        Date sales of all of the Registrable Securities required to be included on
        such
        Registration Statement cannot be made (other than during an Allowable Grace
        Period (as defined in Section 3(n)) pursuant to such Registration Statement
        (including, without limitation, because of a failure to keep such Registration
        Statement effective, failure to disclose such information as is necessary
        for
        sales to be made pursuant to such Registration Statement or failure to register
        a sufficient number of shares of Common Stock or failure to maintain the
        listing
        of the Common Stock on an Eligible Market) (a “Maintenance
        Failure”); or (iii) after the date six months following the Closing
        Date, the Company fails to file with the SEC any required reports under Section
        13 or 15(d) of the 1934 Act such that it is not in compliance with Rule
        144(c)(1) as a result of which the Buyers are unable to sell Registrable
        Securities without restriction under Rule 144 (or any successor thereto)
        (a
“Current Public Information Default”) then, as liquidated
        damages reflecting a reasonable approximation of the uncertain damages to
        any
        holder by reason of any such delay in or reduction of its ability to sell
        the
        underlying shares of Common Stock, the Company shall pay to each holder of
        Registrable Securities relating to such Registration Statement an amount
        in cash
        equal to one (1) percent (1%) of the aggregate Purchase Price) (as such term
        is
        defined in the Securities Purchase Agreement) of such Investor’s Registrable
        Securities included in such Registration Statement on each of the following
        dates: (i) the day that a Filing Failure occurs and on every thirtieth day
        (pro rated for shorter periods) thereafter until such Filing Failure is cured;
        (ii) the day that an Effectiveness Failure occurs and on every thirtieth
        day
        (pro rated for shorter periods) thereafter until such Effectiveness Failure
        is
        cured; (iii) the initial day of a Maintenance Failure and on every thirtieth
        day
        (pro rated for shorter periods) thereafter until such Maintenance Failure
        is
        cured; and (iv) the day that a Current Public Information Default occurs
        and on
        every thirtieth day (pro rated for shorter periods) thereafter until such
        Current Public Information Default is cured.  The payments to which a
        holder shall be entitled pursuant to this Section 2(e) are referred to herein
        as
“Liquidated Damages.” Liquidated Damages shall be paid on the
        earlier of (I) the last day of the calendar month during which such Liquidated
        Damages are incurred and (II) the third Business Day after the event or failure
        giving rise to the Liquidated Damages is cured.  In the event the
        Company fails to make Registration Delay Payments in a timely manner, such
        Liquidated Damages shall bear simple interest at the rate of four (4) percent
        (4%) per month (pro rated for shorter periods) until paid in
        full.  Notwithstanding anything to the contrary herein or in the
        Securities Purchase Agreement, no Liquidated Damages shall be payable for
        any
        period after the expiration of the Registration Period (except in respect
        of a
        Current Public Information Default), and in no event shall the aggregate
        amount
        of Liquidated Damages (excluding Liquidated Damages in respect of Current
        Public
        Information Defaults) exceed, in the aggregate, ten (10) percent (10%) of
        the
        aggregate Purchase Price of the Common Shares.

       

      (e)  Allocation
        of Registrable Securities.  The initial number of Registrable
        Securities included in any Registration Statement and each increase or decrease
        in the number of Registrable Securities included therein shall be allocated
        pro
        rata among the Investors based on the number of Registrable Securities held
        by
        each Investor at the time the Registration Statement covering such initial
        number of Registrable Securities or increase or decrease thereof is declared
        effective by the SEC.  In the event that an Investor sells or
        otherwise transfers any of such Investor’s Registrable Securities, each
        transferee shall be allocated a pro rata portion of the then remaining number
        of
        Registrable Securities included in such Registration Statement for such
        transferor.  Any shares of Common Stock included in a Registration
        Statement and which remain allocated to any Person which ceases to hold any
        Registrable Securities covered by such Registration Statement shall be allocated
        to the remaining Investors, pro rata based on the number of Registrable
        Securities then held by such Investors which are covered by such Registration
        Statement.  In no event shall the Company include any securities other
        than Registrable Securities on any Registration Statement without the prior
        written consent of the Required Holders.

       

      3.  Related
        Obligations.  At such time as the Company is obligated to file a
        Registration Statement with the SEC pursuant to Section 2(a), 2(c) or 2(d),
        the
        Company will use its commercially reasonable best efforts to effect the
        registration of the Registrable Securities in accordance with the intended
        method of disposition thereof, and the Company and the Investors shall have
        the
        following obligations:

       

      (a)  The
        Company shall submit to the SEC, as soon as practicable (but in no event
        later
        than three (3) Business Days) after the Company learns that no review of
        a
        particular Registration Statement will be made by the staff of the SEC or
        that
        the staff has no further comments on a particular Registration Statement,
        as the
        case may be, a request for acceleration of effectiveness of such Registration
        Statement to a time and date not later than two (2) Business Days after the
        submission of such request.  The Company shall keep each Registration
        Statement effective pursuant to Rule 415 at all times until the earlier of
        (i)
        the first date as of which all Registrable Securities covered by such
        Registration Statement may be sold without restriction pursuant to Rule 144
        (or
        any successor thereto) promulgated under the 1933 Act, or (ii) the date on
        which
        the Investors shall have sold all of the Registrable Securities covered by such
        Registration Statement (the “Registration
        Period”).  The registration and maintenance obligations under
        this Agreement shall automatically terminate at the end of the Registration
        Period.

       

      (b)  The
        Company shall (i) prepare and file with the SEC such amendments (including
        post-effective amendments) and supplements to the Registration Statement
        and the
        Rule 424 prospectus used in connection with such Registration Statement as
        may
        be necessary to keep such Registration Statement effective during the
        Registration Period, and (ii) during such period, comply with the provisions
        of
        the 1933 Act with respect to the disposition of all Registrable Securities
        covered by such Registration Statement until the end of the Registration
        Period.  In the case of amendments and supplements to a Registration
        Statement that are required to be filed pursuant to this Agreement, including,
        pursuant to this Section 3(b), by reason of the Company filing a report on
        Form
        10-Q, Form 10-K, Form 8-K or any other report or other document under the
        Securities Exchange Act of 1934, as amended (each such document, a “1934
        Act Report”), the Company shall file such amendments or supplements
        with the SEC as soon as practicable after the 1934 Act Report is filed or
        other
        event occurred that created the requirement for the Company to amend or
        supplement such Registration Statement.

       

      (c)  The
        Company shall (A) permit Legal Counsel to review and comment upon (i) a
        Registration Statement at least three (3) Business Days prior to its filing
        with
        the SEC and (ii) all amendments and supplements to all Registration Statements
        (except for amendments and supplements filed solely to include information
        contained in 1934 Act Reports) within a reasonable number of days prior to
        their
        filing with the SEC, and (B) not file any Registration Statement or amendment
        or
        supplement thereto in a form to which Legal Counsel reasonably
        objects.  The Company shall not submit a request for acceleration of
        the effectiveness of a Registration Statement or any amendment or supplement
        thereto without the prior approval of Legal Counsel, which consent shall
        not be
        unreasonably withheld.  The Company shall furnish to Legal Counsel,
        without charge, (i) copies of any correspondence from the SEC or the staff
        of
        the SEC to the Company or its representatives relating to any Registration
        Statement, (ii) promptly after the same is prepared and filed with the SEC,
        one
        copy of any Registration Statement and any amendment(s) thereto, including
        financial statements and schedules, all documents incorporated therein by
        reference, if requested by an Investor or Legal Counsel, and all exhibits,
        and
        (iii) upon the effectiveness of any Registration Statement, one copy of the
        prospectus included in such Registration Statement and all amendments and
        supplements thereto.  The Company shall reasonably cooperate with
        Legal Counsel in performing the Company’s obligations pursuant to this Section
        3.

       

      (d)  The
        Company shall furnish to each Investor whose Registrable Securities are included
        in any Registration Statement, without charge, to the extent requested by
        an
        Investor, (i) promptly after the same is prepared and filed with the SEC,
        at
        least one copy of such Registration Statement and any amendment(s) thereto,
        including financial statements and schedules, all documents incorporated
        therein
        by reference, all exhibits and each preliminary prospectus, (ii) upon the
        effectiveness of any Registration Statement, ten (10) copies of the prospectus
        included in such Registration Statement and all amendments and supplements
        thereto (or such other number of copies as such Investor may reasonably
        request), and (iii) such other documents, including copies of any preliminary
        or
        final prospectus, as such Investor may reasonably request from time to time
        in
        order to facilitate the disposition of the Registrable Securities owned by
        such
        Investor.

       

      (e)  The
        Company shall use its commercially reasonable best efforts to (i) register
        and
        qualify, unless an exemption from registration and qualification applies,
        the
        resale by Investors of the Registrable Securities covered by a Registration
        Statement under such other securities or “Blue Sky” laws of all applicable
        jurisdictions in the United States, (ii) prepare and file in those
        jurisdictions, such amendments (including post-effective amendments) and
        supplements to such registrations and qualifications as may be necessary
        to
        maintain the effectiveness thereof during the Registration Period, (iii)
        take
        such other actions as may be necessary to maintain such registrations and
        qualifications in effect at all times during the Registration Period, and
        (iv)
        take all other actions reasonably necessary or advisable to qualify the
        Registrable Securities for sale in such jurisdictions; provided, however,
        that
        the Company shall not be required in connection therewith or as a condition
        thereto (x) to qualify to do business in any jurisdiction where it would
        not
        otherwise be required to qualify but for this Section 3(e), (y) subject itself
        to taxation in any such jurisdiction, or (z) to file a consent to service
        of
        process in any such jurisdiction.  The Company shall promptly notify
        Legal Counsel and each Investor who holds Registrable Securities of the receipt
        by the Company of any notification with respect to the suspension of the
        registration or qualification of any of the Registrable Securities for sale
        under the securities or “Blue Sky” laws of any jurisdiction in the United States
        or its receipt of notice of the initiation or threatening of any proceeding
        for
        such purpose.

       

      (f)  The
        Company shall notify Legal Counsel and each Investor in writing of the happening
        of any event, as promptly as practicable after becoming aware of such event,
        as
        a result of which the prospectus included in a Registration Statement, as
        then
        in effect, includes an untrue statement of a material fact or omission to
        state
        a material fact necessary to make the statements therein, in the light of
        the
        circumstances under which they were made, not misleading (provided that in
        no
        event shall such notice contain any material, nonpublic information in addition
        to that specifically required pursuant to this Section 3(f)), and, subject
        to
        Section 3(n), promptly prepare a supplement or amendment to such Registration
        Statement to correct such untrue statement or omission, and, to the extent
        requested by an Investor, deliver ten (10) copies of such supplement or
        amendment to Legal Counsel and each Investor (or such other number of copies
        as
        Legal Counsel or such Investor may reasonably request).  The Company
        shall also promptly notify Legal Counsel and each Investor in writing (i)
        when a
        prospectus or any prospectus supplement or post-effective amendment has been
        filed, and when a Registration Statement or any post-effective amendment
        has
        become effective (notification of such effectiveness may be delivered to
        Legal
        Counsel and each Investor by facsimile or email), (ii) of any request by
        the SEC
        for amendments or supplements to a Registration Statement or related prospectus
        or related information, and (iii) of the Company’s reasonable determination that
        a post-effective amendment to a Registration Statement would be
        appropriate.

       

      (g)  The
        Company shall use its commercially reasonable best efforts to prevent the
        issuance of any stop order or other suspension of effectiveness of a
        Registration Statement or the suspension of the qualification of any of the
        Registrable Securities for sale in any jurisdiction.  If such an order
        or suspension is issued, the Company shall use its commercially reasonable
        best
        efforts to obtain the withdrawal of such order or suspension as promptly
        as
        practicable, and to notify Legal Counsel and each Investor who holds Registrable
        Securities being sold of the issuance of such order and the resolution thereof,
        or its receipt of notice of the initiation or threat of any proceeding for
        such
        purpose.

       

      (h)  The
        Company shall use its commercially reasonable best efforts to cause all of
        the
        Registrable Securities covered by a Registration Statement to be listed on
        each
        securities exchange on which securities of the same class or series issued
        by
        the Company are then listed, if any, if the listing of such Registrable
        Securities is then permitted under the rules of such exchange or secure
        designation and quotation of all the Registrable Securities covered by a
        Registration Statement or an Eligible Market.  The Company shall pay
        all fees and expenses in connection with satisfying its obligation under
        this
        Section 3(h).

       

      (i)  The
        Company shall cooperate with the Investors who hold Registrable Securities
        being
        offered and, to the extent applicable, facilitate the timely preparation
        and
        delivery of certificates (not bearing any restrictive legend) representing
        the
        Registrable Securities to be offered pursuant to a Registration Statement
        and
        enable such certificates to be in such denominations or amounts, as the case
        may
        be, as the Investors may reasonably request and registered in such names
        as the
        Investors may request.

       

      (j)  If
        requested by an Investor, the Company shall (i) as soon as practicable,
        incorporate in a prospectus supplement or post-effective amendment such
        information as an Investor reasonably requests to be included therein relating
        to the sale and distribution of Registrable Securities, including, without
        limitation, information with respect to the number of Registrable Securities
        being offered or sold, the purchase price being paid therefor and any other
        terms of the offering of the Registrable Securities to be sold in such offering;
        (ii) as soon as practicable, make all required filings of such prospectus
        supplement or post-effective amendment after being notified of the matters
        to be
        incorporated in such prospectus supplement or post-effective amendment; and
        (iii) as soon as practicable, supplement or make amendments to any Registration
        Statement if reasonably requested by an Investor holding any Registrable
        Securities.

       

      (k)  The
        Company shall use its commercially reasonable best efforts to cause the
        Registrable Securities covered by a Registration Statement to be registered
        with
        or approved by such other governmental agencies or authorities as may be
        necessary to consummate the disposition of such Registrable
        Securities.  If required by the Financial Industry Regulatory
        Authority, Inc. (“FINRA”), the Company shall effect a filing
        with respect to the public offering contemplated by each Registration Statement
        (an “Issuer Filing”) with the FINRA Corporate Financing
        Department pursuant to NASD Rule 2710(b)(10)(A)(i) within one Business Day
        of
        the date that the Registration Statement is first filed with the SEC and
        pay the
        filing fee required by such Issuer Filing.  The Company shall use
        commercially reasonable best efforts to pursue the Issuer Filing until FINRA
        issues a letter confirming that it does not object to the terms of the offering
        contemplated by the Registration Statement as described in the Plan of
        Distribution.

       

      (l)  The
        Company shall make generally available to its security holders as soon as
        practical, but in any event not later than ninety (90) days after the close
        of
        the period covered thereby, an earnings statement (in form complying with,
        and
        in the manner provided by, the provisions of Rule 158 under the 1933 Act)
        covering a twelve-month period beginning not later than the first day of
        the
        Company’s fiscal quarter next following the effective date of a Registration
        Statement.

       

      (m)  Within
        two (2) Business Days after a Registration Statement which covers Registrable
        Securities is ordered effective by the SEC, the Company shall deliver (and/or,
        if required by the Company's transfer agent, cause its legal counsel to deliver)
        to the transfer agent for such Registrable Securities (with copies to the
        Investors whose Registrable Securities are included in such Registration
        Statement) confirmation that such Registration Statement has been declared
        effective by the SEC in the form attached hereto as Exhibit
        A.

       

      (n)  Allowable
        Grace Periods.

       

      
        	
                (i)  

              	
                Notwithstanding
                  anything in this Agreement to the contrary, upon (a) the issuance
                  by the
                  SEC of a stop order suspending the effectiveness of a Registration
                  Statement or the initiation of proceedings with respect to any
                  Registration Statement under Section 8(d) or 8(e) of the Securities
                  Act,
                  (b) the occurrence of any event or the existence of any fact (a
                  “Material Event”) as a result of which such Registration
                  Statement shall contain any untrue statement of a material fact
                  or omit to
                  state any material fact required to be stated therein or necessary
                  to make
                  the statements therein not misleading, or any Prospectus shall
                  contain any
                  untrue statement of a material fact or omit to state any material
                  fact
                  required to be stated therein or necessary to make the statements
                  therein,
                  in the light of the circumstances under which they were made, not
                  misleading, or (c) the occurrence or existence of any pending corporate
                  development that, in the reasonable discretion of the Company,
                  makes it
                  appropriate to suspend the availability of any Registration Statement
                  and
                  the related Prospectus, the Company shall (1) in the case of clause
                  (b)
                  above, as soon as, in the reasonable judgment of the Company, public
                  disclosure of such Material Event would not be prejudicial to or
                  contrary
                  to the interests of the Company or, if necessary to avoid unreasonable
                  burden or expense, as soon as reasonably practicable thereafter,
                  prepare
                  and file a post-effective amendment to such Registration Statement
                  or a
                  supplement to the related Prospectus so that such Registration
                  Statement
                  does not contain any untrue statement of a material fact or omit
                  to state
                  any material fact required to be stated therein or necessary to
                  make the
                  statements therein not misleading, and such Prospectus does not
                  contain
                  any untrue statement of a material fact or omit to state any material
                  fact
                  required to be stated therein or necessary to make the statements
                  therein,
                  in the light of the circumstances under which they were made, not
                  misleading, as thereafter delivered to  purchasers of the
                  Registrable Securities being offered and sold thereunder, and,
                  in the case
                  of a post-effective amendment to a Registration Statement, subject
                  to the
                  first sentence of Section 3(n)(ii), use commercially reasonable
                  best
                  efforts to cause it to be declared effective as promptly as is
                  reasonably
                  practicable, and (2) give notice to Legal Counsel and the selling
                  Investors that the availability of the Registration Statement and
                  Prospectus is suspended (a “Deferral
                  Notice”).  The Company shall also give a Deferral
                  Notice upon the beginning of any Compliance Grace Period (as defined
                  below) unless a Requested Grace Period (as defined below) is already
                  in
                  effect.  Upon receipt of any Deferral Notice, each Investor
                  agrees not to sell any Registrable Securities pursuant to the Registration
                  Statement or Prospectus until such Investor has been advised in
                  writing by
                  the Company that the Registration Statement and Prospectus may
                  be
                  used.

              

      

       

      
        	
                (ii)  

              	
                The
                  Company shall use commercially reasonable best efforts to ensure
                  that the
                  use of such Registration Statement and Prospectus may be resumed
                  (x) in
                  the case of clause (a) of Section 3(n)(i), as promptly as is practicable,
                  (y) in the case of clause (b) of Section 3(n)(i), as soon as, in
                  the
                  reasonable judgment of the Company, public disclosure of such Material
                  Event would not be prejudicial to or contrary to the interests
                  of the
                  Company or, if necessary to avoid unreasonable burden or expense,
                  as soon
                  as reasonably practicable thereafter, and (z) in the case of clause
                  (c) of
                  Section 3(n)(i), as soon as, in the reasonable discretion of the
                  Company,
                  such suspension is no longer appropriate.  The period during
                  which the availability of a Registration Statement or Prospectus
                  is
                  suspended under the circumstances described in clauses (b) or (c)
                  of
                  Section 3(n)(i) above is referred to herein as a “Requested Grace
                  Period.”  Any portion of a Requested Grace Period from
                  the filing of an amendment to a Registration Statement until the
                  declaration of effectiveness of such amendment by the SEC (so long
                  as the
                  Company continues to use commercially reasonable best efforts to
                  cause
                  such amendment to be declared effective as promptly as reasonably
                  practicable), is referred to herein as a  “Necessary
                  Portion.”

              

      

       

      
        	
                (iii)  

              	
                The
                  following periods are referred to herein as “Compliance Grace
                  Periods”:  (a) any period during which Legal Counsel is
                  reviewing and commenting on a Registration Statement, Prospectus,
                  amendment or supplement as contemplated by Section 3(c), (b) any
                  period
                  during which the Company is engaged in compliance with Section
                  3(j)
                  following the request of an Investor, and (c) any period during
                  which the
                  Company is awaiting information or an executed document from one
                  or more
                  Investors following a request by the Company as contemplated by
                  Section
                  4(a).  Requested Grace Periods and Compliance Grace Periods are
                  referred to collectively herein as “Allowable Grace
                  Periods.”

              

      

       

      
        	
                (iv)  

              	
                The
                  aggregate duration of all Requested Grace Periods, excluding the
                  duration
                  of any Necessary Portions and any Compliance Grace Periods that
                  occur
                  during such Requested Grace Periods, shall not exceed 60 days in
                  any
                  12-month period.  In order to enforce the covenants of the
                  Investors set forth in this Section 3(n), the Company may impose
                  stop
                  transfer instructions with respect to the Registrable Securities
                  of each
                  Investor until the end of each Allowable Grace
                  Period.

              

      

       

      
        	
                (v)  

              	
                Notwithstanding
                  anything to the contrary, the Company shall cause its transfer
                  agent to
                  deliver unlegended shares of Common Stock to a transferee of an
                  Investor,
                  in accordance with the terms of the Securities Purchase Agreement,
                  in
                  connection with any sale of Registrable Securities with respect
                  to which
                  an Investor has entered into a contract for sale prior to the Company’s
                  giving of a Deferral Notice and for which the Investor has not
                  yet
                  settled, and deliver a copy of the prospectus included as part
                  of the
                  applicable Registration Statement (unless an exemption from such
                  prospectus delivery requirement
                  exists).

              

      

       

      (o)  If
        any
        Investor is described in the Registration Statement as an underwriter, at
        the
        reasonable request of such Investor, the Company shall furnish to such Investor,
        on the date of the effectiveness of the Registration Statement and thereafter
        from time to time on such dates as an Investor may reasonably request (i)
        a
        letter, dated such date, from the Company’s independent certified public
        accountants in form and substance as is customarily given by independent
        certified public accountants to underwriters in an underwritten public offering,
        addressed to the Investors, and (ii) an opinion, dated as of such date, of
        counsel representing the Company for purposes of such Registration Statement,
        in
        form, scope and substance as is customarily given in an underwritten public
        offering, addressed to the Investors; provided, however, the
        disclosure found in the “Plan of Distribution” section attached hereto as
Exhibit B shall not give rise to any rights under this Section
        3(o).

       

      (p)  If
        any
        Investor is described in the Registration Statement as an underwriter, the
        Company shall make available for inspection by (i) such Investor, (ii) Legal
        Counsel and (iii) one firm of accountants or other agents retained by the
        Investors (collectively, the “Inspectors”), all pertinent
        financial and other records, and pertinent corporate documents and properties
        of
        the Company (collectively, the “Records”), as shall be
        reasonably deemed necessary by each Inspector, and cause the Company’s officers,
        directors and employees to supply all information which any Inspector may
        reasonably request; provided, however, that each Inspector
        shall agree to hold in strict confidence and shall not make any disclosure
        (except to an Investor) or use of any Record or other information which the
        Company determines in good faith to be confidential, and of which determination
        the Inspectors are so notified, unless (a) the disclosure of such Records
        is
        necessary to avoid or correct a misstatement or omission in any Registration
        Statement or is otherwise required under the 1933 Act, (b) the release of
        such
        Records is ordered pursuant to a final, non-appealable subpoena or order
        from a
        court or government body of competent jurisdiction, or (c) the information
        in
        such Records has been made generally available to the public other than by
        disclosure in violation of this Agreement; provided, further,
        the disclosure found in the “Plan of Distribution” section attached hereto as
Exhibit B shall not give rise to any rights under this Section
        3(p).  Each Investor agrees that it shall, upon learning that
        disclosure of such Records is sought in or by a court or governmental body
        of
        competent jurisdiction or through other means, give prompt notice to the
        Company
        and allow the Company, at its expense, to undertake appropriate action to
        prevent disclosure of, or to obtain a protective order for, the Records deemed
        confidential.  Nothing herein (or in any other confidentiality
        agreement between the Company and any Investor) shall be deemed to limit
        the
        Investors’ ability to sell Registrable Securities in a manner which is otherwise
        consistent with applicable laws and regulations.

       

      (q)  The
        Company shall hold in confidence and not make any disclosure of information
        concerning an Investor provided to the Company unless (i) disclosure of such
        information is necessary to comply with federal or state securities laws,
        (ii)
        the disclosure of such information is necessary to avoid or correct a
        misstatement or omission in any Registration Statement, (iii) the release
        of
        such information is ordered pursuant to a subpoena or other final,
        non-appealable order from a court or governmental body of competent
        jurisdiction, or (iv) such information has been made generally available
        to the
        public other than by disclosure in violation of this Agreement or any other
        agreement.  The Company agrees that it shall, upon learning that
        disclosure of such information concerning an Investor is sought in or by
        a court
        or governmental body of competent jurisdiction or through other means, give
        prompt written notice to such Investor and allow such Investor, at the
        Investor’s expense, to undertake appropriate action to prevent disclosure of, or
        to obtain a protective order for, such information.

       

      (r)  Neither
        the Company nor any Subsidiary or affiliate thereof shall identify any Buyer
        as
        an underwriter in any public disclosure or filing with the SEC or any Principal
        Market (as defined in the Securities Purchase Agreement) or Eligible Market
        and
        any Buyer being deemed an underwriter by the SEC shall not relieve the Company
        of any obligations it has under this Agreement or any other Transaction Document
        (as defined in the Securities Purchase Agreement); provided,
however, that the foregoing shall not prohibit the Company from
        including
        the disclosure found in the "Plan of Distribution" section attached hereto
        as
Exhibit B in the Registration Statement.

       

      4.  Other
        Obligations of the Investors.

       

      (a)  At
        least
        three (3) Business Days prior to the first anticipated filing date of a
        Registration Statement, the Company shall notify each Investor in writing
        of the
        information the Company requires from each such Investor if such Investor
        elects
        to have any of such Investor’s Registrable Securities included in such
        Registration Statement.  It shall be a condition precedent to the
        obligations of the Company to complete the registration pursuant to this
        Agreement with respect to the Registrable Securities of a particular Investor
        that (i) such Investor furnish to the Company such information regarding
        itself,
        the Registrable Securities held by it and the intended method of disposition
        of
        the Registrable Securities held by it as shall be reasonably required to
        effect
        the effectiveness of the registration of such Registrable Securities, and
        (ii)
        the Investor execute such documents in connection with such registration
        as the
        Company may reasonably request.

       

      (b)  Each
        Investor, by such Investor’s acceptance of the Registrable Securities, agrees to
        cooperate with the Company as reasonably requested by the Company in connection
        with the preparation and filing of any Registration Statement hereunder,
        unless
        such Investor has notified the Company in writing of such Investor’s election to
        exclude all of such Investor’s Registrable Securities from such Registration
        Statement.

       

      (c)  Each
        Investor agrees that, upon receipt of any notice from the Company of the
        happening of any event of the kind described in Section 3(g) or the first
        sentence of 3(f), such Investor will immediately discontinue disposition
        of
        Registrable Securities pursuant to any Registration Statements covering such
        Registrable Securities until such Investor’s receipt of the copies of the
        supplemented or amended prospectus contemplated by Section 3(g) or the first
        sentence of 3(f) or receipt of notice that no supplement or amendment is
        required.  Notwithstanding anything to the contrary, the Company shall
        cause its transfer agent to deliver unlegended shares of Common Stock to
        a
        transferee of an Investor, in accordance with the terms of the Securities
        Purchase Agreement, in connection with any sale of Registrable Securities
        with
        respect to which an Investor has entered into a contract for sale prior to
        the
        Company’s giving of notice of the happening of any event of the kind described
        in Section 3(g) or the first sentence of 3(f), and for which the Investor
        has
        not yet settled.

       

      (d)  Each
        Investor covenants and agrees that it will comply with the prospectus delivery
        requirements of the 1933 Act as applicable to it or an exemption therefrom
        in
        connection with sales of Registrable Securities pursuant to the Registration
        Statement.

       

      5.  Expenses
        of Registration.  All reasonable expenses, other than underwriting
        discounts and commissions incurred in connection with registrations, filings
        or
        qualifications pursuant to Sections 2 and 3, including, without limitation,
        all
        registration, listing and qualifications fees, printers and accounting fees,
        and
        fees and disbursements of counsel for the Company, shall be paid by the
        Company.  Upon request and delivery of an invoice, the Company shall
        also reimburse up to an aggregate of $10,000 of fees and disbursements of
        Legal
        Counsel incurred in connection with registration, filing or qualification
        under
        this Agreement.

       

      6.  Indemnification.  In
        the event any Registrable Securities are included in a Registration Statement
        under this Agreement:

       

      (a)  To
        the
        fullest extent permitted by law, the Company will, and hereby does, indemnify,
        hold harmless and defend each Investor, the directors, officers, members,
        partners, employees, agents, representatives of, and each Person, if any,
        who
        controls any Investor within the meaning of the 1933 Act or the 1934 Act
        (each,
        an “Indemnified Person”), against any losses, claims, damages,
        liabilities, judgments, fines, penalties, charges, costs, reasonable attorneys’
fees, amounts paid in settlement or expenses, joint or several, (collectively,
        “Claims”) incurred in investigating, preparing or defending any
        action, claim, suit, inquiry, proceeding, investigation or appeal taken from
        the
        foregoing by or before any court or governmental, administrative or other
        regulatory agency, body or the SEC, whether pending or threatened, whether
        or
        not an indemnified party is or may be a party thereto (“Indemnified
        Damages”), to which any of them may become subject insofar as such
        Claims (or actions or proceedings, whether commenced or threatened, in respect
        thereof) arise out of or are based upon:  (i) any untrue statement or
        alleged untrue statement of a material fact in a Registration Statement or
        any
        post-effective amendment thereto or in any filing made in connection with
        the
        qualification of the offering under the securities or other “blue sky” laws of
        any jurisdiction in which Registrable Securities are offered (“Blue Sky
        Filing”), or the omission or alleged omission to state a material fact
        required to be stated therein or necessary to make the statements therein
        not
        misleading, (ii) any untrue statement or alleged untrue statement of a
        material fact contained in any preliminary prospectus if used prior to the
        effective date of such Registration Statement, or contained in the final
        prospectus (as amended or supplemented, if the Company files any amendment
        thereof or supplement thereto with the SEC) or the omission or alleged omission
        to state therein any material fact necessary to make the statements made
        therein, in the light of the circumstances under which the statements therein
        were made, not misleading, (iii) any violation or alleged violation by the
        Company of the 1933 Act or any state securities law, or any rule or regulation
        thereunder, relating to the offer or sale of the Registrable Securities pursuant
        to a Registration Statement or (iv) any violation of this Agreement (the
        matters
        in the foregoing clauses (i) through (iv) being, collectively,
“Violations”).  Subject to Section 6(c), the Company
        shall reimburse the Indemnified Persons, promptly as such expenses are incurred
        and are due and payable, for any legal fees or other reasonable expenses
        incurred by them in connection with investigating or defending any such
        Claim.  Notwithstanding anything to the contrary contained herein, the
        indemnification agreement contained in this Section 6(a): (i) shall not apply
        to
        a Claim by an Indemnified Person arising out of or based upon a Violation
        which
        occurs in reliance upon and in conformity with information furnished in writing
        to the Company by such Indemnified Person for such Indemnified Person expressly
        for use in connection with the preparation of the Registration Statement
        or any
        such amendment thereof or supplement thereto, and (ii) shall not apply to
        amounts paid in settlement of any Claim if such settlement is effected without
        the prior written consent of the Company, which consent shall not be
        unreasonably withheld or delayed.  Such indemnity shall remain in full
        force and effect regardless of any investigation made by or on behalf of
        the
        Indemnified Person and shall survive the transfer of the Registrable Securities
        by the Investors pursuant to Section 9.

       

      (b)  In
        connection with any Registration Statement in which an Investor is
        participating, each such Investor agrees to severally and not jointly indemnify,
        hold harmless and defend, to the same extent and in the same manner as is
        set
        forth in Section 6(a), the Company, each of its directors, each of its officers
        who signs the Registration Statement and each Person, if any, who controls
        the
        Company within the meaning of the 1933 Act or the 1934 Act (each, an
“Indemnified Party”), against any Claim or Indemnified Damages
        to which any of them may become subject, insofar as such Claim or Indemnified
        Damages arise out of or are based upon any Violation, in each case to the
        extent, and only to the extent, that such Violation occurs in reliance upon
        and
        in conformity with written information furnished to the Company by such Investor
        expressly for use in connection with such Registration Statement; and, subject
        to Section 6(c), such Investor will reimburse any legal or other expenses
        reasonably incurred by an Indemnified Party in connection with investigating
        or
        defending any such Claim; provided, however, that the indemnity agreement
        contained in this Section 6(b) and the agreement with respect to contribution
        contained in Section 7 shall not apply to amounts paid in settlement of any
        Claim if such settlement is effected without the prior written consent of
        such
        Investor, which consent shall not be unreasonably withheld or delayed; provided,
        further, however, that the Investor shall be liable under this Section 6(b)
        for
        only that amount of a Claim or Indemnified Damages as does not exceed the
        net
        proceeds to such Investor as a result of the sale of Registrable Securities
        pursuant to such Registration Statement.  Such indemnity shall remain
        in full force and effect regardless of any investigation made by or on behalf
        of
        such Indemnified Party and shall survive the transfer of the Registrable
        Securities by the Investors pursuant to Section 9.

       

      (c)  Promptly
        after receipt by an Indemnified Person or Indemnified Party under this Section
        6
        of notice of the commencement of any action or proceeding (including any
        governmental action or proceeding) involving a Claim, such Indemnified Person
        or
        Indemnified Party shall, if a Claim in respect thereof is to be made against
        any
        indemnifying party under this Section 6, deliver to the indemnifying party
        a
        written notice of the commencement thereof, and the indemnifying party shall
        have the right to participate in, and, to the extent the indemnifying party
        so
        desires, jointly with any other indemnifying party similarly noticed, to
        assume
        control of the defense thereof with counsel mutually satisfactory to the
        indemnifying party and the Indemnified Person or the Indemnified Party, as
        the
        case may be; provided, however, that an Indemnified Person or Indemnified
        Party
        shall have the right to retain its own counsel with the fees and expenses
        of not
        more than one counsel for all Indemnified Persons and Indemnified Parties
        to be
        paid by the indemnifying party, if, in the reasonable opinion of counsel
        retained by the indemnifying party, the representation by such counsel of
        the
        Indemnified Person or Indemnified Party and the indemnifying party would
        be
        inappropriate due to actual or potential differing interests between such
        Indemnified Person or Indemnified Party and any other party represented by
        such
        counsel in such proceeding.  In the case of an Indemnified Person,
        legal counsel referred to in the immediately preceding sentence shall be
        selected by the Investors holding at least a majority in interest of the
        Registrable Securities included in the Registration Statement to which the
        Claim
        relates.  The Indemnified Party or Indemnified Person shall cooperate
        fully with the indemnifying party in connection with any negotiation or defense
        of any such action or Claim by the indemnifying party and shall furnish to
        the
        indemnifying party all information reasonably available to the Indemnified
        Party
        or Indemnified Person which relates to such action or Claim.  The
        indemnifying party shall keep the Indemnified Party or Indemnified Person
        reasonably apprised as to the status of the defense or any settlement
        negotiations with respect thereto.  No indemnifying party shall be
        liable for any settlement of any action, claim or proceeding effected without
        its prior written consent; provided, however, that the indemnifying party
        shall
        not unreasonably withhold, delay or condition its consent.  No
        indemnifying party shall, without the prior written consent of the Indemnified
        Party or Indemnified Person, consent to entry of any judgment or enter into
        any
        settlement or other compromise which (i) does not include as an unconditional
        term thereof the giving by the claimant or plaintiff to such Indemnified
        Party
        or Indemnified Person of a release from all liability in respect to such
        Claim
        or litigation, or (ii) includes any admission as to fault on the part of
        the
        Indemnified Party.  Following indemnification as provided for
        hereunder, the indemnifying party shall be subrogated to all rights of the
        Indemnified Party or Indemnified Person with respect to all third parties,
        firms
        or corporations relating to the matter for which indemnification has been
        made.  The failure to deliver written notice to the indemnifying party
        within a reasonable time of the commencement of any such action shall not
        relieve such indemnifying party of any liability to the Indemnified Person
        or
        Indemnified Party under this Section 6, except to the extent that the
        indemnifying party is prejudiced by such failure.

       

      (d)  The
        indemnification required by this Section 6 shall be made by periodic payments
        of
        the amount thereof during the course of the investigation or defense, as
        and
        when bills are received or Indemnified Damages are incurred.

       

      The
        indemnity agreements contained herein shall be in addition to (i) any cause
        of
        action or similar right of the Indemnified Party or Indemnified Person against
        the indemnifying party or others, and (ii) any liabilities the indemnifying
        party may be subject to pursuant to the law.

       

      7.  Contribution.  To
        the extent any indemnification by an indemnifying party is prohibited or
        limited
        by law, the indemnifying party agrees to make the maximum contribution with
        respect to any amounts for which it would otherwise be liable under Section
        6 to
        the fullest extent permitted by law; provided, however, that: (i) no Person
        involved in the sale of Registrable Securities who is guilty of fraudulent
        misrepresentation (within the meaning of Section 11(f) of the 1933 Act) in
        connection with such sale shall be entitled to contribution from any Person
        involved in such sale of Registrable Securities who was not guilty of fraudulent
        misrepresentation; and (ii) contribution by any seller of Registrable Securities
        shall be limited in amount to the amount of net proceeds received by such
        seller
        from the sale of such Registrable Securities pursuant to such Registration
        Statement.

       

      8.  Reports
        Under the 1934 Act.  With a view to making available to the
        Investors the benefits of Rule 144 promulgated under the 1933 Act or any
        other
        similar rule or regulation of the SEC that may at any time permit the Investors
        to sell securities of the Company to the public without registration
        (“Rule 144”), the Company agrees:

       

      (a)  make
        and
        keep public information available, as those terms are understood and defined
        in
        Rule 144;

       

      (b)  file
        with
        the SEC in a timely manner all reports and other documents required of the
        Company under the 1933 Act and the 1934 Act so long as the Company remains
        subject to such requirements and the filing of such reports and other documents
        is required under the applicable provisions of Rule 144; and

       

      (c)  furnish
        to each Investor so long as such Investor owns Registrable Securities, promptly
        upon request, (i) a written statement by the Company that it has complied
        with
        the reporting requirements of Rule 144, the 1933 Act and the 1934 Act (provided
        that is has so complied), (ii) a copy of the most recent annual or quarterly
        report of the Company and such other reports and documents so filed by the
        Company and (iii) such other information as may be reasonably requested to
        permit the Investors to sell such securities without registration pursuant
        to
        Rule 144.

       

      9.  Assignment
        of Registration Rights.  The rights under this Agreement shall be
        automatically assignable by the Investors to any transferee of all or any
        portion of such Investor’s Registrable Securities if: (i) the Investor agrees in
        writing with the transferee or assignee to assign such rights and a copy
        of such
        agreement is furnished to the Company within a reasonable time after such
        assignment; (ii) the Company is, within a reasonable time after such transfer
        or
        assignment, furnished with written notice of the name and notice information
        of
        such transferee or assignee and the securities with respect to which such
        registration rights are being transferred or assigned; (iii) immediately
        following such transfer or assignment the further disposition of any such
        securities by the transferee or assignee may not be made immediately under
        Rule
        144 without restriction or limitation; (iv) the transferee or assignee agrees
        in
        writing with the Company to be bound by all of the provisions contained herein
        and provides its notice information for inclusion on the Schedule of Investors
        attached hereto; and (v) such transfer shall have been made in accordance
        with
        the applicable requirements of the Securities Purchase Agreement and applicable
        law.

       

      10.  Amendment
        of Registration Rights.  Provisions of this Agreement may be
        amended and the observance thereof may be waived (either generally or in
        a
        particular instance and either retroactively or prospectively), with the
        written
        consent of the Company and the Required Holders.  Any amendment or
        waiver effected in accordance with the previous sentence shall be binding
        upon
        each Investor and the Company.  In addition to the foregoing, any
        Investor may waive the observance of provisions of this Agreement (either
        generally or in a particular instance and either retroactively or prospectively)
        with respect to itself.  No such amendment shall be effective to the
        extent that it applies to less than all of the holders of the Registrable
        Securities.  No consideration (other than the reimbursement of legal
        fees) shall be offered or paid to any Person to amend or consent to a waiver
        or
        modification of any provision of this Agreement unless the same consideration
        also is offered to all of the parties to this Agreement.

       

      11.  Miscellaneous.

       

      (a)  A
        Person
        is deemed to be a holder of Registrable Securities whenever such Person owns
        of
        record such Registrable Securities.  If the Company receives
        conflicting instructions, notices or elections from two or more Persons with
        respect to the same Registrable Securities, the Company shall act upon the
        basis
        of instructions, notice or election received from the record owner of such
        Registrable Securities.

       

      (b)  Any
        notices, consents, waivers or other communications required or permitted
        to be
        given under the terms of this Agreement must be in writing and will be deemed
        to
        have been delivered: (i) upon receipt, when delivered personally; (ii) upon
        transmission, when sent by facsimile, email or other form of electronic
        communication (provided confirmation of transmission is mechanically or
        electronically generated and kept on file by the sending party); or (iii)
        one
        (1) Business Day after deposit with a nationally recognized overnight delivery
        service, in each case properly addressed to the party to receive the
        same.  The addresses, facsimile numbers and email addresses for such
        communications shall be:

       

      If
        to the
        Company:

       

      Emcore
        Corporation

      10420
        Research Road SE

      Albuquerque,
        NM 87123

      Telephone:
        (505) 332-5000

      Facsimile:
        (505) 332-5038

      Attention:
        General Counsel

      

       

      If
        to the
        Company’s legal counsel:

       

      Jenner
        & Block

      919
        Third
        Avenue

      37th
        Floor

      New
        York,
        New York 10022

      Telephone:
        1.212.891.1600

      Facsimile:1.212.909.0820

      Email:
        tknapp@jenner.com

      Attention:  Tobias
        L. Knapp

       

      With
        a
        copy (for informational purposes) to:

       

      Jones
        Day

      51
        Louisiana Avenue, N.W.

      Washington,
        D.C.  20001-2113

      Tel:
        1.202.879.3939

      Fax:
        1.202.626.1700

      Email:  jwelch@jonesday.com

      Attention:
        John Welch

       

      and

       

      Jones
        Day

      1755
        Embarcadero Road

      Palo
        Alto, CA 94303

      Tel:  (650)
        739-3939

      Fax:  (650)
        739-3900

      Email:  segillette@jonesday.com

      Attention:  Steve
        Gillette

       

      If
        to
        Legal Counsel:

       

      Schulte
        Roth & Zabel LLP

      919
        Third
        Avenue

      New
        York,
        NY  10022

      Tel:  1.212.756.2000

      Fax:  1.212.593.5955

      Email:  eleazer.klein@srz.com

      Attention:  Eleazer
        N. Klein

       

      If
        to an
        Investor, to its address, facsimile number or email address set forth on
        the
        Schedule of Investors attached hereto, or to such other address, facsimile
        number and/or email address and/or to the attention of such other Person
        as the
        recipient party has specified by written notice given to each other party
        five
        (5) days prior to the effectiveness of such change.  Notice shall be
        deemed delivered pursuant to the procedures set forth in the Securities Purchase
        Agreement.

       

      (c)  Failure
        of any party to exercise any right or remedy under this Agreement or otherwise,
        or delay by a party in exercising such right or remedy, shall not operate
        as a
        waiver thereof.

       

      (d)  All
        questions concerning the construction, validity, enforcement and interpretation
        of this Agreement shall be governed by the internal laws of the State of
        New
        York, without giving effect to any choice of law or conflict of law provision
        or
        rule (whether of the State of New York or any other jurisdictions) that would
        cause the application of the laws of any jurisdictions other than the State
        of
        New York.  Each party hereby irrevocably submits to the exclusive
        jurisdiction of the state and federal courts sitting in The City of New York,
        Borough of Manhattan, for the adjudication of any dispute hereunder or in
        connection herewith or with any transaction contemplated hereby or discussed
        herein, and hereby irrevocably waives, and agrees not to assert in any suit,
        action or proceeding, any claim that it is not personally subject to the
        jurisdiction of any such court, that such suit, action or proceeding is brought
        in an inconvenient forum or that the venue of such suit, action or proceeding
        is
        improper.  Each party hereby irrevocably waives personal service of
        process and consents to process being served in any such suit, action or
        proceeding by mailing a copy thereof to such party at the address for such
        notices to it under this Agreement and agrees that such service shall constitute
        good and sufficient service of process and notice thereof.  Nothing
        contained herein shall be deemed to limit in any way any right to serve process
        in any manner permitted by law.  If any provision of this Agreement
        shall be invalid or unenforceable in any jurisdiction, such invalidity or
        unenforceability shall not affect the validity or enforceability of the
        remainder of this Agreement in that jurisdiction or the validity or
        enforceability of any provision of this Agreement in any other
        jurisdiction.  EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT
        IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION
        OF ANY
        DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT
        OR
        ANY TRANSACTION CONTEMPLATED HEREBY.

       

      (e)  This
        Agreement, the other Transaction Documents (as defined in the Securities
        Purchase Agreement) and the instruments referenced herein and therein constitute
        the entire agreement among the parties hereto with respect to the subject
        matter
        hereof and thereof.  There are no restrictions, promises, warranties
        or undertakings, other than those set forth or referred to herein and
        therein.  This Agreement, the other Transaction Documents and the
        instruments referenced herein and therein supersede all prior agreements
        and
        understandings among the parties hereto with respect to the subject matter
        hereof and thereof.

       

      (f)  Subject
        to the requirements of Section 9, this Agreement shall inure to the benefit
        of
        and be binding upon the permitted successors and assigns of each of the parties
        hereto.

       

      (g)  The
        headings in this Agreement are for convenience of reference only and shall
        not
        limit or otherwise affect the meaning hereof.

       

      (h)  This
        Agreement may be executed in identical counterparts, each of which shall
        be
        deemed an original but all of which shall constitute one and the same
        agreement.  This Agreement, once executed by a party, may be delivered
        to the other party hereto by facsimile, email or other electronic transmission
        of a copy of this Agreement bearing the signature of the party so delivering
        this Agreement.

       

      (i)  Each
        party shall do and perform, or cause to be done and performed, all such further
        acts and things, and shall execute and deliver all such other agreements,
        certificates, instruments and documents, as any other party may reasonably
        request in order to carry out the intent and accomplish the purposes of this
        Agreement and the consummation of the transactions contemplated
        hereby.

       

      (j)  All
        consents and other determinations required to be made by the Investors pursuant
        to this Agreement shall be made, unless otherwise specified in this Agreement,
        by the Required Holders.

       

      (k)  The
        language used in this Agreement will be deemed to be the language chosen
        by the
        parties to express their mutual intent and no rules of strict construction
        will
        be applied against any party.

       

      (l)  This
        Agreement is intended for the benefit of the parties hereto and their respective
        permitted successors and assigns, and is not for the benefit of, nor may
        any
        provision hereof be enforced by, any other Person.

       

      (m)  The
        obligations of each Investor hereunder are several and not joint with the
        obligations of any other Investor, and no Investor shall be responsible in
        any
        way for the performance of the obligations of any other Investor
        hereunder.  Nothing contained herein, and no action taken by any
        Investor pursuant hereto, shall be deemed to constitute the Investor as,
        and the
        Company acknowledges that the Investors do not so constitute, a partnership,
        an
        association, a joint venture or any other kind of entity, or create a
        presumption that the Investors are in any way acting in concert or as a group,
        and the Company will not assert any such claim with respect to such obligations
        or the transactions contemplated herein.

       

      *
        * * * *
        *

      

       

      
        
                

                    -  -      
    

           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of the date first written above.

       

      COMPANY:

      

      EMCORE
        CORPORATION

      

      

      By:           /s/
        Adam
        Gushard                                                                

      Name:  Adam
        Gushard

      Title:  Chief
        Financial
        Officer

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      

      

      
        	
                Name
                  of Investor:

                Polar
                  Securities Inc. for Altairis Offshore

              
	 
	
                By:                /s/
                  Robyn
                  Schultz                                                 

              
	
                Name:                Robyn
                  Schultz

              
	
                Title:                VP,
                  Polar Securities Inc. (as IA for certain managed
                  accounts)

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      

      
        	
                Name
                  of Investor:

                Polar
                  Securities Inc.

                for
                  Altairis Investments
                  L.P.                                                                 

              
	 
	
                By:                /s/
                  Robyn
                  Schultz                                                 

              
	
                Name:                Robyn
                  Schultz

              
	
                Title:                VP,
                  Polar Securities Inc. (as IA for certain managed
                  accounts)

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                Polar
                  Securities Inc.

                for
                  Altaris Offshore
                  Levered                                                                 

              
	 
	
                By:                /s/
                  Robyn
                  Schultz                                                 

              
	
                Name:                Robyn
                  Schultz

              
	
                Title:                VP,
                  Polar Securities Inc. (as IA for certain managed
                  accounts)

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                THE
                  QUERCUS
                  TRUST                                                                 

              
	 
	
                By:                /s/
                  David
                  Gelbaum                                                 

              
	
                Name:                David
                  Gelbaum                                                 

              
	
                Title:                Trustee

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                Marathon
                  Global Equity Master Fund, Ltd.

              
	 
	
                By:                /s/
                  Jamie
                  Raboy                                                 

              
	
                Name:                Jamie
                  Raboy

              
	
                Title:                Managing
                  Director

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                UBS
                  O’Connor LLC F/B/O:

                O’Connor
                  Pipes Corporate Strategies Master Limited

              
	 
	
                By:                /s/
                  Andrew
                  Martin                                                 

              
	
                Name:                Andrew
                  Martin                                                 

              
	
                Title:                Managing
                  Director

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                UBS
                  O’Connor LLC F/B/O:

                O’Connor
                  Global Convertible Arbitrage II Master Limited

              
	 
	
                By:                /s/
                  Andrew
                  Martin                                                 

              
	
                Name:                Andrew
                  Martin                                                 

              
	
                Title:                Managing
                  Director

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                UBS
                  O’Connor LLC F/B/O:

                O’Connor
                  Global Convertible Arbitrage II Master Limited

              
	 
	
                By:                /s/
                  Andrew
                  Martin                                                 

              
	
                Name:                Andrew
                  Martin                                                 

              
	
                Title:                Managing
                  Director

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                The
                  Tocqueville
                  Fund                                                                 

              
	 
	
                By:                /s/
                  Robert W. Kleinshmidt

              
	
                Name:                Robert
                  W.
                  Kleinshmidt                                                 

              
	
                Title:                Authorized
                  Portfolio Manager

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                Tocqueville
                  Amerique                                                                 

              
	 
	
                By:                /s/
                  Robert W. Kleinshmidt

              
	
                Name:                Robert
                  W.
                  Kleinshmidt                                                 

              
	
                Title:                Authorized
                  Portfolio Manager

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                MONTBER,
                  S.A.
                  INCOME                                                                 

              
	 
	
                By:                /s/
                  Robert W. Kleinshmidt

              
	
                Name:                Robert
                  W.
                  Kleinshmidt                                                 

              
	
                Title:                Authorized
                  Portfolio Manager

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                THORN
                  LIMITED                                                                 

              
	 
	
                By:                /s/
                  Robert W. Kleinshmidt

              
	
                Name:                Robert
                  W.
                  Kleinshmidt                                                 

              
	
                Title:                Authorized
                  Portfolio Manager

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                KALUNBORG
                  LTD
                  BVI                                                                 

              
	 
	
                By:                /s/
                  Robert W. Kleinshmidt

              
	
                Name:                Robert
                  W.
                  Kleinshmidt                                                 

              
	
                Title:                Authorized
                  Portfolio Manager

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                HIGHBRIDGE
                  INTERNATIONAL LLC

                By:  Highbridge
                  Capital Management, LLC

                Its:  Trading
                  Manager                                                                 

              
	 
	
                By:             /s/
                  Adam J.
                  Chill                                                    

              
	
                Name:Adam
                  J.
                  Chill                                                                 

              
	
                Title:             Managing
                  Director                                                    

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                ARDSLEY
                  PARTNERS FUND II, L.P.

              
	 
	
                By:             /s/
                  Steve
                  Napoli                                                    

              
	
                Name:Steve
                  Napoli                                                                 

              
	
                Title:             Partner

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                ARDSLEY
                  PARTNERS INSTITUTIONAL FUND, L.P.

              
	 
	
                By:             /s/
                  Steve
                  Napoli                                                    

              
	
                Name:Steve
                  Napoli                                                                 

              
	
                Title:             Partner

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                ARDSLEY
                  PARTNERS RENEWABLE FUND, L.P.

              
	 
	
                By:             /s/
                  Steve
                  Napoli                                                    

              
	
                Name:Steve
                  Napoli                                                                 

              
	
                Title:             Partner

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                ARDSLEY
                  OFFSHORE FUND, LTD.

              
	 
	
                By:             /s/
                  Steve
                  Napoli                                                    

              
	
                Name:Steve
                  Napoli                                                                 

              
	
                Title:             Agent
                  / Advisor

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                ARDSLEY
                  RENEWABLE ENERGY OFFSHORE FUND, LTD.

              
	 
	
                By:             /s/
                  Steve
                  Napoli                                                    

              
	
                Name:Steve
                  Napoli                                                                 

              
	
                Title:             Director

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                MARION
                  LYNTON                                                                 

              
	 
	
                By:             /s/
                  Steve
                  Napoli                                                    

              
	
                Name:Steve
                  Napoli                                                                 

              
	
                Title:             Agent
                  / Advisor

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                HFR
                  HE ARDSLEY MASTER TRUST

              
	 
	
                By:             /s/
                  Steve
                  Napoli                                                    

              
	
                Name:Steve
                  Napoli                                                                 

              
	
                Title:             Agent
                  / Advisor

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                HUDSON
                  BAY OVERSEAS FUND LTD

              
	 
	
                By:             /s/
                  Yoav
                  Roth                                                    

              
	
                Name:Yoav
                  Roth                                                                 

              
	
                Title:             Principal
                  & Portfolio Manager

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                HUDSON
                  BAY FUND
                  LTD                                                                 

              
	 
	
                By:             /s/
                  Yoav
                  Roth                                                    

              
	
                Name:Yoav
                  Roth                                                                 

              
	
                Title:             Principal
                  & Portfolio Manager

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                Portside
                  Growth and Opportunity Fund

              
	 
	
                By:             /s/
                  Jeff
                  Smith                                                    

              
	
                Name:Jeff
                  Smith                                                                 

              
	
                Title:             Authorized
                  Signatory

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                Empire
                  Capital Partners,
                  LTD                                                                 

              
	 
	
                By:             /s/
                  Peter J.
                  Richards                                                    

              
	
                Name:Peter
                  J.
                  Richards                                                                 

              
	
                Title:             Managing
                  Member of Empire Capital Management, LLC (investment manager to
                  Empire
                  Capital Partners, LTD)

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                Empire
                  Capital Partners,
                  LP                                                                 

              
	 
	
                By:             /s/
                  Peter J.
                  Richards                                                    

              
	
                Name:Peter
                  J.
                  Richards                                                                 

              
	
                Title:             Managing
                  Member of Empire Capital Management, LLC (investment manager to
                  Empire
                  Capital Partners, LP)

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                Capital
                  Ventures
                  International                                                                 

                By:  Heights
                  Capital Management, Inc.

                its
                  authorized
                  agent                                                                 

              
	 
	
                By:             /s/
                  Michael
                  Spolan                                                    

              
	
                Name:Michael
                  Spolan                                                                 

              
	
                Title:             General
                  Counsel                                                    

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                Iroquois
                  Masterfund,
                  Ltd.                                                                 

              
	 
	
                By:             /s/
                  John
                  Silverman                                                    

              
	
                Name:John
                  Silverman                                                                 

              
	
                Title:             Authorized
                  Signatory                                                    

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                Kingdon
                  Associates                                                                 

              
	 
	
                By:             /s/
                  Alan
                  Winters                                                    

              
	
                Name:Alan
                  Winters                                                                 

              
	
                Title:             Chief
                  Operating
                  Officer                                                    

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                M.
                  Kingdon Offshore
                  Ltd.                                                                 

              
	 
	
                By:             /s/
                  Alan
                  Winters                                                    

              
	
                Name:Alan
                  Winters                                                                 

              
	
                Title:             Chief
                  Operating
                  Officer                                                    

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                Kingdon
                  Family Partnership, L.P.

              
	 
	
                By:             /s/
                  Alan
                  Winters                                                    

              
	
                Name:Alan
                  Winters                                                                 

              
	
                Title:             Chief
                  Operating
                  Officer                                                    

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                Investcorp
                  Interlachen Multi-Strategy

                Master
                  Fund
                  Limited                                                                 

                By:  Interlachen
                  Capital Group
                  LP,                                                                           

                Authorized
                  Signatory                                                    

              
	 
	
                By:             /s/
                  Gregg T.
                  Colburn                                                    

              
	
                Name:Gregg
                  T.
                  Colburn                                                                 

              
	
                Title:             Authorized
                  Signatory                                                    

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                CD
                  Investment Partners,
                  Ltd.:                                                                 

                By:  Carpe
                  Diem Capital Management LLC

                Its:  Investment
                  Advisor

              
	 
	
                By:             /s/
                  John
                  Ziegelman                                                    

              
	
                Name:John
                  Ziegelman                                                                 

              
	
                Title:             President                                                    

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                Lagunitas
                  Partners
                  LP                                                                 

              
	 
	
                By:             /s/
                  Jon D.
                  Gruber                                                    

              
	
                Name:Gruber
                  & McBaine Cap Mgmt.

              
	
                Title:             General
                  Partner                                                    

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                Gruber
                  & McBaine International

              
	 
	
                By:             /s/
                  Jon D.
                  Gruber                                                    

              
	
                Name:Gruber
                  & McBaine Cap Mgmt.

              
	
                Title:             Investment
                  Advisor                                                    

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                Jon
                  D. & Linda W. Gruber Trust

              
	 
	
                By:             /s/
                  Jon D.
                  Gruber                                                    

              
	
                Name:Jon
                  D.
                  Gruber                                                                 

              
	
                Title:             Trustee

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                CaraCastle
                  Partners                                                                 

              
	 
	
                By:             /s/
                  Damien
                  Quinn                                                    

              
	
                Name:Damien
                  Quinn                                                                 

              
	
                Title:             Principal                                                    

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                MMCAP
                  Int’l Inc.
                  SPC                                                                 

              
	 
	
                By:             /s/
                  Ben
                  Cubitt                                                    

              
	
                Name:Ben
                  Cubitt                                                                 

              
	
                Title:             PM                                                    

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                Cranshire
                  Capital,
                  L.P.                                                                 

              
	 
	
                By:             /s/
                  Mister D.
                  Kopine                                                    

              
	
                Name:Mister
                  D.
                  Kopine                                                                 

              
	
                Title:             President
                  – Downsview Capital

                The
                  General
                  Partner                                                    

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                Enable
                  Growth Partners
                  LP                                                                 

              
	 
	
                By:             /s/
                  Brendan
                  O’Neil                                                    

              
	
                Name:Brendan
                  O’Neil                                                                 

              
	
                Title:             President
                  & Chief Investment Officer

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                Crestview
                  Capital Master,
                  LLC                                                                 

                By:  Crestview
                  Capital Partners, LLC

                Its
                  Sole Manager

              
	 
	
                By:             /s/
                  Robert
                  Hoyt                                                    

              
	
                Name:Robert
                  Hoyt                                                                 

              
	
                Title:             Manager                                                    

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, each Buyer and the Company have caused their
        respective signature page to this Registration Rights Agreement to be duly
        executed as of tile date first written above.

       

      
        	
                Name
                  of Investor:

                RHP
                  Master Fund,
                  Ltd.                                                                 

                By:  Rock
                  Hill Investment Management, L.P.

                By:  RHP
                  General Partner, LLC

              
	 
	
                By:             /s/
                  Keith
                  Marlowe                                                    

              
	
                Name:Keith
                  Marlowe                                                                 

              
	
                Title:             Director                                                    

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      SCHEDULE
        OF INVESTORS

       

      
        	
                Investor

              	
                Registered
                  Holder

              	
                Shares

              	
                Warrants

              	
                Contact
                  Details and Mailing

              
	
                Polar
                  Capital

              	 	
                           840,000

              	
                            147,000

              	 
	 	
                Altairis
                  Offshore

              	
                        283,100

              	
                          49,543

              	
                BMO
                  Nesbitt Burns Inc

                Account
                  Reference: 402-20080, Altairis Offshore

                1
                  First Canadian Place, 35th Floor

                Toronto,
                  ON  M5X 1H3

                Attn:
                  Jennifer Scotland, 416-359-4972

              
	 	
                Altairis
                  Investments, LP

              	
                          54,400

              	
                            9,520

              	
                BMO
                  Nesbitt Burns Inc

                Account
                  Reference: 402-20055, Altairis Offshore

                1
                  First Canadian Place, 35th Floor

                Toronto,
                  ON  M5X 1H3

                Attn:
                  Jennifer Scotland, 416-359-4972

              
	 	
                Altairis
                  Offshore Levered

              	
                        502,500

              	
                          87,938

              	
                BMO
                  Nesbitt Burns Inc

                Account
                  Reference: 402-20486,  Altairis Offshore

                1
                  First Canadian Place, 35th Floor

                Toronto,
                  ON  M5X 1H3

                Attn:
                  Jennifer Scotland, 416-359-4972

              
	
                Quercus
                  Trust

              	
                The
                  Quercus Trust

              	
                        752,000

              	
                              131,600

              	
                1835
                  Newport Blvd, A109

                PMB
                  467

                Costa
                  Mesa, CA 92627

                (949)
                  631-6723

              
	
                Marathon

              	
                Marathon
                  Global Equity Master Fund, Ltd.

              	
                        600,000

              	
                              105,000

              	
                Goldman,
                  Sachs & Co.

                30
                  Hudson Street

                Jersey
                  City, NJ 07302

                212-381-4422

              
	
                UBS
                  O'Connor

              	
                UBS
                  O'Connor LLC F/B/O: O'Connor Pipes Corporate Strategies Master
                  Limited

              	
                        336,000

              	
                          58,800

              	
                UBS
                  O'Connor LLC

                One
                  North Wacker Drive, 32nd floor

                Chicago,
                  IL 60614

                Attn:
                  Robert Murray

              
	 	
                UBS
                  O'Connor LLC F/B/O: O'Connor Global Convertible Arbitrage Master
                  Limited

              	
                        210,560

              	
                          36,848

              	
                UBS
                  O'Connor LLC

                One
                  North Wacker Drive, 32nd floor

                Chicago,
                  IL 60614

                Attn:
                  Robert Murray

              
	 	
                UBS
                  O'Connor LLC F/B/O: O'Connor Global Convertible Arbitrage II Master
                  Limited

              	
                          13,440

              	
                            2,352

              	
                UBS
                  O'Connor LLC

                One
                  North Wacker Drive, 32nd floor

                Chicago,
                  IL 60614

                Attn:
                  Robert Murray

              
	
                Tocqueville

              	
                Tocqueville
                  Fund

              	
                        225,000

              	
                          39,375

              	
                Tocqueville
                  Asset Management

                40
                  West 57th Street, 19th Floor

                New
                  York, NY 10019

              
	 	
                Tocqueville
                  Amerique

              	
                          45,000

              	
                            7,875

              	
                Tocqueville
                  Asset Management

                40
                  West 57th Street, 19th Floor

                New
                  York, NY 10019

              
	 	
                Montber
                  S.A. Income

              	
                        190,000

              	
                          33,250

              	
                Tocqueville
                  Asset Management

                40
                  West 57th Street, 19th Floor

                New
                  York, NY 10019

              
	 	
                Thorn
                  Limited

              	
                          35,000

              	
                            6,125

              	
                Tocqueville
                  Asset Management

                40
                  West 57th Street, 19th Floor

                New
                  York, NY 10019

              
	 	
                Kalunbourg
                  Limited

              	
                          15,000

              	
                            2,625

              	
                Tocqueville
                  Asset Management

                40
                  West 57th Street, 19th Floor

                New
                  York, NY 10019

              
	
                Highbridge

              	
                Highbridge
                  International LLC, by: Highbridge Capital Management LLC, its trading
                  manager

              	
                        500,000

              	
                          87,500

              	
                Bear
                  Stearms

                1
                  Metrotech Center, 20th Floor

                Brooklyn,
                  NY 11201

                212-272-3915

                Attn:
                  Elanna Bradley

              
	
                Ardsley

              	
                Ardsley
                  Partners Fund II, LP

              	
                        126,500

              	
                          22,138

              	
                262
                  Harbor Drive, 4th floor

                Stamford,
                  CT 06902

              
	 	
                Ardsley
                  Partners Institutional Fund, LP

              	
                          81,800

              	
                          14,315

              	
                262
                  Harbor Drive, 4th floor

                Stamford,
                  CT 06902

              
	 	
                Ardsley
                  Partners Renewable Energy Fund, LP

              	
                          68,300

              	
                          11,953

              	
                262
                  Harbor Drive, 4th floor

                Stamford,
                  CT 06902

              
	 	
                Ardsley
                  Offshore Fund, Ltd

              	
                          88,500

              	
                          15,488

              	
                262
                  Harbor Drive, 4th floor

                Stamford,
                  CT 06902

              
	 	
                Ardsley
                  Renewable Energy Offshore Fund, Ltd

              	
                        116,100

              	
                          20,318

              	
                262
                  Harbor Drive, 4th floor

                Stamford,
                  CT 06902

              
	 	
                Marion
                  Lynton

              	
                            3,200

              	
                              560

              	
                262
                  Harbor Drive, 4th floor

                Stamford,
                  CT 06902

              
	 	
                HFR
                  HE Ardsley Master Trust

              	
                          15,600

              	
                            2,730

              	
                262
                  Harbor Drive, 4th floor

                Stamford,
                  CT 06902

              
	
                Hudson
                  Bay

              	
                Hudson
                  Bay Overseas Fund Ltd

              	
                        545,600

              	
                          95,480

              	
                120
                  Broadway, 40th floorNew York, NY 10271

              
	 	
                Hudson
                  Bay Fund LP

              	
                              334,400

              	
                                58,520

              	
                120
                  Broadway, 40th floor

                New
                  York, NY 10271

              
	
                Ramius

              	
                Portside
                  Growth & Opportunity Fund

              	
                        480,000

              	
                          84,000

              	
                David
                  Larrauri

                Account
                  Manager

                Prime
                  Brokerage

                Global
                  Equity Finance

                CITIGROUP
                  GLOBAL MARKETS INC.

                390
                  Greenwich Street, 3rd floor

                New
                  York, NY 10013

                Tel
                  212-723-5902

              
	
                Empire

              	
                Empire
                  Capital Partners, Ltd

              	
                        155,400

              	
                          27,195

              	
                Empire
                  Capital Management, LLC

                One
                  Gorham Island, Suite 201

                Westport,
                  CT 06880

                203-454-1019

              
	 	
                Empire
                  Capital Partners, Lp

              	
                        144,600

              	
                          25,305

              	
                Empire
                  Capital Management, LLC

                One
                  Gorham Island, Suite 201

                Westport,
                  CT 06880

                203-454-1019

              
	
                Heights

              	
                Capital
                  Ventures International

              	
                        300,000

              	
                          52,500

              	
                Heights
                  Capital Management

                101
                  California Street, Suite 3250

                San
                  Francisco, CA 94111

              
	
                Iroquois

              	
                Iroquois
                  Master Fund Ltd.

              	
                        300,000

              	
                          52,500

              	
                641
                  Lexinton Avenue, 35th floor

                New
                  York, NY 10022

              
	
                Kingdon

              	
                Kingdon
                  Associates

              	
                          72,600

              	
                          12,705

              	
                152
                  West 57th Street, 50th Floor

                New
                  York, Ny 10019

              
	 	
                M.
                  Kingdon Offshore Ltd.

              	
                        217,350

              	
                          38,036

              	
                152
                  West 57th Street, 50th Floor

                New
                  York, Ny 10019

              
	 	
                Kingdon
                  Family Partnership, L.P.

              	
                          10,050

              	
                            125,625

              
	
                Interlachen

              	
                Investcorp
                  Interlachen Multi-Strategy Master Fund Limited

              	
                        200,000

              	
                          35,000

              	
                Interlachen
                  Capital Group LP

                800
                  Nicolet Mall, Suite 2500

                Minneapolis,
                  MN 55402

              
	
                CD
                  Capital

              	
                Carpe
                  Diem Capital Management LLC, c/o Goldman Sachs & Co

              	
                        160,000

              	
                          28,000

              	
                Purchaser:

                Carpe
                  Diem Capital Management LLC

                111
                  South Wacker Drive, Suite 3950

                Chicago,
                  IL 60606

                Tel
                  :312-803-5010

                 

                Goldman,
                  Sachs & Co

                One
                  New York Plaza, 48th Floor

                New
                  York, NY 10004

                Tel:
                  212-357-7172

                Fax:
                  212-428-5806

              
	
                Gruber

              	
                Lagunitas
                  Partners LP

              	
                          97,000

              	
                          16,975

              	
                Gruber
                  & McBaine Capital Management

                50
                  Osgood Place, PH

                San
                  Francisco, CA 94133

              
	 	
                Gruber
                  & McBaine International

              	
                            7,000

              	
                            1,225

              	
                Gruber
                  & McBaine Capital Management

                50
                  Osgood Place, PH

                San
                  Francisco, CA 94133

              
	 	
                Jon
                  D & Linda W Gruber Trust

              	
                                56,000

              	
                                  9,800

              	
                Gruber
                  & McBaine Capital Management

                50
                  Osgood Place, PH

                San
                  Francisco, CA 94133

              
	
                Cara
                  Castle

              	
                Cara
                  Castle Partners

              	
                        88,000

              	
                          15,400

              	
                14
                  The Ridge

                Plandome,
                  NY 11030

              
	
                MM
                  Capital

              	
                MMCAP
                  Int'l Inc SPC

              	
                        150,000

              	
                          26,250

              	
                MMCAP
                  Int'l Inc SPC

                90
                  Fort St, Box 32021

                Grand
                  Cayman

                Cayman
                  Islands

              
	
                Cranshire

              	
                Cranshire
                  Capital, L.P.

              	
                        120,000

              	
                          21,000

              	
                3100
                  Dundee Road, Suite 703

                NorthBreek,
                  IL

              
	
                Enable

              	
                Enable
                  Growth Partners

              	
                        100,000

              	
                          17,500

              	
                One
                  Ferry Building, Suite 255

                San
                  Francisco, CA 94111

              
	
                Crestview

              	
                Crestview
                  Capital Master, LLC

                By:
                  Crestview Capital Partners, LLC, its Sole Manager

              	
                        100,000

              	
                          17,500

              	
                95
                  Revere Drive, Suite A

                Northbrook,
                  IL 60062

              
	
                Rock
                  Hill Investment Management, LP

              	
                RHP
                  Master Fund, Ltd.

              	
                        100,000

              	
                          17,500

              	
                c/o
                  Rock Hill Investment Management, LP

                Three
                  Bala Plaza - East, Suite 585

                Bala
                  Cynwyd, PA 19004

              

      

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      EXHIBIT
        A

       

      FORM
        OF NOTICE OF EFFECTIVENESS

       

      OF
        REGISTRATION STATEMENT

       

      

      [           ]

      [           ]

      [           ]

      Attention:
        [                                ]

      

      Re:  Emcore
        Corporation

      

      Ladies
        and Gentlemen:

      

      On
        behalf
        of Emcore Corporation, a corporation organized under the laws of New Jersey
        (the
“Company”), I am writing in connection with that certain
        Securities Purchase Agreement (the “Securities Purchase
        Agreement”), entered into by and among the Company and the buyers named
        therein (collectively, the “Holders”) pursuant to which the
        Company issued to the Holders its shares of the Company’s Common Stock, par
        value $0.0001 per share (the “Common Stock”) and Warrants (the
“Warrants”), which are exercisable into shares
        of Common Stock
        (the “Warrant Shares”).  Pursuant to the Securities
        Purchase Agreement, the Company also has entered into a Registration Rights
        Agreement with the Holders (the “Registration Rights
        Agreement”) pursuant to which the Company agreed, among other things,
        to register the resale of the Registrable Securities (as defined in the
        Registration Rights Agreement) under the Securities Act of 1933, as amended
        (the
“1933 Act”).  In connection with the Company’s
        obligations under the Registration Rights Agreement, on ________________
        ___,
        2008, the Company filed a Registration Statement on Form S-1 (File No.
        333-__________) (the “Registration Statement”) with the
        Securities and Exchange Commission (the “SEC”) relating to the
        Registrable Securities which names each of the Holders as a selling stockholder
        thereunder.

       

      In
        connection with the foregoing, I advise you that a member of the SEC’s staff has
        advised the Company or its counsel by telephone that the SEC has entered
        an
        order declaring the Registration Statement effective under the 1933 Act at
        [ENTER TIME OF EFFECTIVENESS] on [ENTER DATE OF EFFECTIVENESS] and the Company
        has no knowledge, after telephonic inquiry by the Company or its counsel
        of a
        member of the SEC’s staff, that any stop order suspending its effectiveness has
        been issued or that any proceedings for that purpose are pending before,
        or
        threatened by, the SEC and the Registrable Securities are available for resale
        under the 1933 Act pursuant to the Registration Statement.

       

      This
        letter shall serve as our standing instruction to you that the shares of
        Common
        Stock and Warrant Shares are freely transferable by the Holders pursuant
        to the
        Registration Statement.  You need not require further letters from us
        or our counsel to effect any future legend-free issuance or reissuance of
        shares
        of Common Stock to the Holders as contemplated by the Company’s Irrevocable
        Transfer Agent Instructions dated ___________ ___, 2008, provided at the
        time of
        such reissuance, the Company has not otherwise notified you that the
        Registration Statement is unavailable for the resale of the Registrable
        Securities.

       

      Very
        truly yours,

      

      EMCORE
        CORPORATION

      

      

      By:           

      

      

      CC:  [LIST
        NAMES OF HOLDERS]

      

       

      
        
                

                    Exhibit
              A-      
    

           

        

        
           

          
            

          

        

        
           

        

      

      EXHIBIT
        B

       

      SELLING
        STOCKHOLDERS

       

      The
        shares of common stock being offered by the selling stockholders are those
        previously issued to the selling stockholders and those issuable to the selling
        stockholders upon the exercise of the warrants.  For additional
        information regarding the issuances of common stock, see “Private Placement of
        Common Shares and Warrants” above.  We are registering the shares of
        common stock in order to permit the selling stockholders to offer the shares
        for
        resale from time to time.  Except for the ownership of the shares of
        common stock and the warrants, the selling stockholders have not had any
        material relationship with us within the past three years. [NOTE: this
        sentence need not be included with respect to any transferee for which the
        statement is not accurate.]

       

      The
        table
        below lists the selling stockholders and other information regarding the
        beneficial ownership of the shares of common stock by each of the selling
        stockholders.  The second column lists the number of shares of common
        stock beneficially owned by each selling shareholder, based on its ownership
        of
        the shares of common stock and the warrants as of __________ ___, 2007, assuming
        exercise of the warrants held by the selling stockholders on that date, without
        regard to any limitations on exercise.

       

      The
        third
        column lists the shares of common stock being offered by this prospectus
        by the
        selling stockholders.  In accordance with the terms of the
        registration rights agreement with the holders of the shares of common stock
        and
        the warrants, this prospectus generally covers the resale of the aggregate
        number of shares of common stock equal to the number of shares of common
        stock
        issued and the shares of common stock issuable upon exercise of the related
        warrants, determined as if the outstanding warrants were exercised, as
        applicable, in full, in each case, as of the trading day immediately preceding
        the date this registration statement was initially filed with the
        SEC.  The fourth column assumes the sale of all of the shares offered
        by the selling stockholders pursuant to this prospectus.  Under the
        terms of the warrants, a selling stockholder may not exercise the warrants,
        to
        the extent such exercise would cause such selling stockholder, together with
        its
        affiliates, to beneficially own a number of shares of common stock which
        would
        exceed 4.99% of our then outstanding shares of common stock following such
        exercise, excluding for purposes of such determination shares of common stock
        issuable upon exercise of the warrants which have not been
        exercised.  The number of shares in the second column does not reflect
        this limitation.  The selling stockholders may sell all, some or none
        of their shares in this offering.  See “Plan of
        Distribution.”

       

      
        	
                Name
                  of Selling Stockholder

              	
                Number
                  of Shares Owned Prior to Offering

              	
                Maximum
                  Number of Shares to be Sold Pursuant to this
                  Prospectus

              	
                Number
                  of Shares Owned After Offering

              
	 	 	 	 

      

      

      
        
                

                    Exhibit
              B-      
    

           

        

        
           

          
            

          

        

        
           

        

      

      PLAN
        OF DISTRIBUTION

       

      We
        are
        registering the shares of common stock previously issued and shares of common
        stock issuable upon the exercise of the warrants to permit the resale of
        these
        shares of common stock by the holders of the common stock and warrants from
        time
        to time after the date of this prospectus.  We will not receive any of
        the proceeds from the sale by the selling stockholders of the shares of common
        stock.  We will bear all fees and expenses incident to our obligation
        to register the shares of common stock.

       

      The
        selling stockholders may sell all or a portion of the shares of common stock
        beneficially owned by them and offered hereby from time to time directly
        or
        through one or more underwriters, broker-dealers or agents.  If the
        shares of common stock are sold through underwriters or broker-dealers, the
        selling stockholders will be responsible for underwriting discounts or
        commissions or agent’s commissions.  The shares of common stock may be
        sold in one or more transactions at fixed prices, at prevailing market prices
        at
        the time of the sale, at varying prices determined at the time of sale, or
        at
        negotiated prices.  These sales may be effected in transactions, which
        may involve crosses or block transactions,

       

      
        	
                 

              	
                •

              	
                on
                  any national securities exchange or quotation service on which
                  the
                  securities may be listed or quoted at the time of
                  sale;

              

      

       

      
        	
                 

              	
                •

              	
                in
                  the over-the-counter market;

              

      

       

      
        	
                 

              	
                •

              	
                in
                  transactions otherwise than on these exchanges or systems or in
                  the
                  over-the-counter market;

              

      

       

      
        	
                 

              	
                •

              	
                through
                  the writing of options, whether such options are listed on an options
                  exchange or otherwise;

              

      

       

      
        	
                 

              	
                •

              	
                involving
                  ordinary brokerage transactions and transactions in which the
                  broker-dealer solicits purchasers;

              

      

       

      
        	
                 

              	
                •

              	
                involving
                  block trades in which the broker-dealer will attempt to sell the
                  shares as
                  agent but may position and resell a portion of the block as principal
                  to
                  facilitate the transaction;

              

      

       

      
        	
                 

              	
                •

              	
                involving
                  purchases by a broker-dealer as principal and resale by the broker-dealer
                  for its account;

              

      

       

      
        	
                 

              	
                •

              	
                involving
                  an exchange distribution in accordance with the rules of the applicable
                  exchange;

              

      

       

      
        	
                 

              	
                •

              	
                involving
                  privately negotiated transactions;

              

      

       

      
        	
                 

              	
                •

              	
                involving
                  short sales;

              

      

       

      
        	
                 

              	
                •

              	
                involving
                  sales pursuant to Rule 144;

              

      

       

      
        	
                 

              	
                •

              	
                in
                  connection with which broker-dealers may agree with the selling
                  stockholders to sell a specified number of such shares at a stipulated
                  price per share;

              

      

       

      
        	
                 

              	
                •

              	
                involving
                  a combination of any such methods of sale;
                  and

              

      

       

      
        	
                 

              	
                •

              	
                involving
                  any other method permitted pursuant to applicable
                  law.

              

      

       

      If
        the
        selling stockholders effect such transactions by selling shares of common
        stock
        to or through underwriters, broker-dealers or agents, such underwriters,
        broker-dealers or agents may receive commissions in the form of discounts,
        concessions or commissions from the selling stockholders or commissions from
        purchasers of the shares of common stock for whom they may act as agent or
        to
        whom they may sell as principal (which discounts, concessions or commissions
        as
        to particular underwriters, broker-dealers or agents may be in excess of
        those
        customary in the types of transactions involved).  In connection with
        sales of the shares of common stock or otherwise, the selling stockholders
        may
        enter into hedging transactions with broker-dealers, which may in turn engage
        in
        short sales of the shares of common stock in the course of hedging in positions
        they assume.  The selling stockholders may also sell shares of common
        stock short and deliver shares of common stock covered by this prospectus
        to
        close out short positions and to return borrowed shares in connection with
        such
        short sales.  The selling stockholders may also loan or pledge shares
        of common stock to broker-dealers that in turn may sell such
        shares.

       

      The
        selling stockholders may pledge or grant a security interest in some or all
        of
        the shares of common stock owned by them and, if they default in the performance
        of their secured obligations, the pledgees or secured parties may offer and
        sell
        the shares of common stock from time to time pursuant to this prospectus
        or any
        amendment to this prospectus under Rule 424(b)(3) or other applicable provision
        of the Securities Act of 1933, as amended, amending, if necessary, the list
        of
        selling stockholders to include the pledgee, transferee or other successors
        in
        interest as selling stockholders under this prospectus.  The selling
        stockholders also may transfer and donate the shares of common stock in other
        circumstances in which case the transferees, donees, pledgees or other
        successors in interest will be the selling beneficial owners for purposes
        of
        this prospectus.

       

      The
        selling stockholders and any broker-dealer participating in the distribution
        of
        the shares of common stock may be deemed to be “underwriters” within the meaning
        of the Securities Act, and any commission paid, or any discounts or concessions
        allowed to, any such broker-dealer may be deemed to be underwriting commissions
        or discounts under the Securities Act.  At the time a particular
        offering of the shares of common stock is made, a prospectus supplement or
        amendment, if required, will be distributed which will set forth the aggregate
        amount of shares of common stock being offered and the terms of the offering,
        including the name or names of any broker-dealers or agents, any discounts,
        commissions and other terms constituting compensation from the selling
        stockholders and any discounts, commissions or concessions allowed or reallowed
        or paid to broker-dealers.

       

      Under
        the
        securities laws of some states, the shares of common stock may be sold in
        such
        states only through registered or licensed brokers or dealers.  In
        addition, in some states the shares of common stock may not be sold unless
        such
        shares have been registered or qualified for sale in such state or an exemption
        from registration or qualification is available and is complied
        with.

       

      There
        can
        be no assurance that any selling stockholder will sell any or all of the
        shares
        of common stock registered pursuant to the registration statement, of which
        this
        prospectus forms a part.

       

      The
        selling stockholders and any other person participating in such distribution
        will be subject to applicable provisions of the Securities Exchange Act of
        1934,
        as amended, and the rules and regulations thereunder, including, without
        limitation, Regulation M of the Exchange Act, which may limit the timing
        of
        purchases and sales of any of the shares of common stock by the selling
        stockholders and any other participating person.  Regulation M may
        also restrict the ability of any person engaged in the distribution of the
        shares of common stock to engage in market-making activities with respect
        to the
        shares of common stock.  All of the foregoing may affect the
        marketability of the shares of common stock and the ability of any person
        or
        entity to engage in market-making activities with respect to the shares of
        common stock.

       

      We
        will
        pay all expenses of the registration of the shares of common stock pursuant
        to
        the registration rights agreement, estimated to be $[ ] in total, including,
        without limitation, Securities and Exchange Commission filing fees and expenses
        of compliance with state securities or “Blue Sky” laws; provided, however, that
        a selling stockholder will pay all underwriting discounts and selling
        commissions, if any.  We will indemnify the selling stockholders
        against liabilities, including some liabilities under the Securities Act,
        in
        accordance with the registration rights agreements, or the selling stockholders
        will be entitled to contribution.  We may be indemnified by the
        selling stockholders against civil liabilities, including liabilities under
        the
        Securities Act, that may arise from any written information furnished to us by
        the selling stockholder specifically for use in this prospectus, in accordance
        with the related registration rights agreement, or we may be entitled to
        contribution.

       

      Once
        sold
        under the registration statement, of which this prospectus forms a part,
        the
        shares of common stock will be freely tradable in the hands of persons other
        than our affiliates.

       

      

       

      
        
                

                    Exhibit
              B-

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