EX-10.1 2 irix-ex101_27.htm EX-10.1

CERTAIN IDENTIFIED INFORMATION HAS BEE N EXCLUDED FROM T HIS EXHI BIT BECAUSE IT I S NOT MATERIA L AND WOULD LIKE LY CAUSE COM PET I TIVE HARM TO THE REGI STRANT I F PUBL ICLY DISCLOSED. [***] INDICATES T HAT INF ORMATION HAS BEEN REDACTED.

ASSET PURCHASE AGREEMENT

among

IRIDE X COR PORATIO N

TO PCO N MEDICAL LASER SYSTEMS, INC.

AND

TO PCO N AMERICA C ORP ORATI O N (solely for the purpose of Section 11.15) March 2, 2021

TABLE O F CONTENTS

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ART ICLE I TRANSFER O F ASSETS ................................................................................................ 2

1.1Asset T ra n sf er ............................................................................................................. 2

1.2Compa ny Li abi l i t ies; Pos t-C losing A cqu ir or Li abil i t i es ............................................ 5

1.3Non-Trans f er able Ass e t s............................................................................................. 6

ART ICLE I I CLOSING AND CLOS I N G PAYM ENT S ..................................................................... 7

2.1The C los ing................................................................................................................. 7

2.2Paym ent of Cons ide r a ti on........................................................................................... 10

2.3Intent iona l ly Om i t ted .................................................................................................. 10

2.4A llocat ion of Cons ide r a ti on ........................................................................................ 10

2.5T rans f er Taxes ............................................................................................................ 10

2.6W i thh o ldi ng Taxe s...................................................................................................... 10

ART ICLE II I REPRESE NTATIONS AN D WARRANT I ES OF THE COM PAN Y .......................... 10

3.1O rganiza tion and Good St anding................................................................................ 10

3.2Autho r i ty and E n f o rceabi l ity ...................................................................................... 11

3.3T i t le to and C ondi t ion of Tr ans f e r red A s set s.............................................................. 11

3.4Gover n men t al Appr ova ls ............................................................................................ 12

3.5Conf l i c t s...................................................................................................................... 12

3.6Compa ny Fi n anc ial St a t e ment s................................................................................... 12

3.7Intent iona l ly Om i t ted .................................................................................................. 12

3.8Absence of C e r t ain Ch anges ....................................................................................... 12

3.9T ax M a t t e rs ................................................................................................................. 12

3.10Real P rope rty .............................................................................................................. 13

3.11Inte l lec tual Pr ope r t y.................................................................................................... 13

3.12Ma ter ial Cont rac ts....................................................................................................... 17

3.13E mployee B ene f it Pl ans .............................................................................................. 18

3.14E mployment M a t t ers................................................................................................... 19

3.15Per mi ts ........................................................................................................................ 20

3.16L i t iga tion..................................................................................................................... 20

3.17Insurance ..................................................................................................................... 20

3.18Compl iance wi th Laws ............................................................................................... 20

3.19Compa ny Cus tomers and Suppl iers ............................................................................ 21

3.20Inter e st ed Par ty T ra n sa c ti ons ...................................................................................... 21

3.21Books and R eco rds ..................................................................................................... 21

3.22No B roker ................................................................................................................... 22

3.23Product W a r ran ti e s. .................................................................................................... 22

3.24Regul a tory Mat ters ..................................................................................................... 22

3.25No O ther R epr esen t a ti ons and W a rr ant ie s.................................................................. 23

ART ICLE I V REPRESEN TAT IONS AN D WARRANTIES OF ACQU IRO R .................................. 23

4.1O rganiza tion and S tand ing.......................................................................................... 23

4.2Autho r i ty and E n f o rceabi l ity ...................................................................................... 23

4.3Conf l i c t s...................................................................................................................... 23

4.4No B roker ................................................................................................................... 24

TABLE O F CONTENTS

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4.5L i t iga tion..................................................................................................................... 24

4.6Gover n men t al Appr ova ls ............................................................................................ 24

4.7Suf f ic iency of Funds ................................................................................................... 24

4.8Solvency...................................................................................................................... 24

4.9Non-R elia n ce .............................................................................................................. 24

ART ICLE V L ICENSE ....................................................................................................................... 24

5.1L icen ses to Acqui ror ................................................................................................... 24

5.2D isposals and W a ive rs ................................................................................................ 25

5.3Non-A sser t ion ............................................................................................................. 25

5.4L icen se Term .............................................................................................................. 25

ART ICLE V I CONDUCT OF COM PANY BUS INE S S ..................................................................... 25

6.1Conduct of C o mpany Business ................................................................................... 25

6.2Rest r i c t ions on Com pany A ct ivi ti es ........................................................................... 26

ART ICLE V I I APP ROVA LS AND NON-SOL I C I T ATION AGREEM ENTS ................................... 27

7.1T er m ina t ion of D i s cus s ions ........................................................................................ 27

7.2No Sol ici tat ion ............................................................................................................ 28

7.3Noti ce of A l t er nat ive T ransac t ion P ropos a ls .............................................................. 28

ART ICLE V I I I ADDIT I ONAL AGREEM ENTS ................................................................................ 28

8.1Third P a r ty Cons ents .................................................................................................. 28

8.2Com mer c i a l ly R easonab le E ff o rts to C lose ................................................................ 28

8.3E ll ex D is put e............................................................................................................... 28

8.4E mployee M a t ters ....................................................................................................... 29

8.5COBRA Continua ti on Coverage................................................................................. 30

8.6T ax M a t t e rs ................................................................................................................. 31

8.7Expens es ..................................................................................................................... 31

8.8Rel e a se of Li ens.......................................................................................................... 31

8.9Access to Infor m a tion ................................................................................................. 31

8.10Noti f i c a t ion of C e r t a in Mat te rs ................................................................................... 32

8.11Post-C los ing Manu f a ct u ri ng Coope r a t ion .................................................................. 32

8.12Post-Sign ing Con t r a ct ................................................................................................. 32

8.13Par ts ............................................................................................................................ 33

8.14Post-C los ing Sal es ...................................................................................................... 33

8.15Non-Soli c i t a t ion a nd Non-Compe t i ti on ...................................................................... 33

ART ICLE I X POST-CLOS ING INDEMNIFICAT ION ...................................................................... 34

9.1Survival ....................................................................................................................... 34

9.2Indemni f ica ti on R igh ts ............................................................................................... 35

9.3Gener al Inde mni f ica tion Provi s ions ........................................................................... 36

9.4L i m i tat ions on Inde mni f ica tion................................................................................... 37

9.5C laim Procedur es ........................................................................................................ 37

9.6Third P a r ty Clai m s...................................................................................................... 39

9.7Gener al R e lea se for C la i ms R el a ting to R e ten t ion, So l ici tat ion or Hi ri ng ................. 40

ART ICLE X PRE-CLOS ING TERM INAT ION .................................................................................. 40

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TABLE O F CONTENTS

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10.1T er m ina t ion of t h is A g re e me nt ................................................................................... 40

10.2E ff ect of T e r m ina t ion.................................................................................................. 41

ART ICLE X I GENERAL PROVISIONS ............................................................................................ 41

11.1Cer t a in Int er p r e t a tion s; D ef ini ti ons ............................................................................ 41

11.2Noti ces ........................................................................................................................ 41

11.3Confi dent i a l i ty ............................................................................................................ 42

11.4Publ ic D i s cl o sure ........................................................................................................ 43

11.5A mend me n t................................................................................................................. 43

11.6Extens ion and Wa iver ................................................................................................. 43

11.7Assign me nt ................................................................................................................. 43

11.8Seve r abi l i ty ................................................................................................................. 43

11.9Spec i f ic Pe rf o r m ance and O ther R e medies ................................................................ 44

11.10Gover n ing Law ........................................................................................................... 44

11.11D ispu te R e sol u ti o n...................................................................................................... 44

11.12Wai v er of Jury T r i a l.................................................................................................... 44

11.13Ent i re A g ree ment ........................................................................................................ 44

11.14Count e rpa rt s................................................................................................................ 45

11.15Guara n tee by Gua ran tor .............................................................................................. 45

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INDE X OF ANNEXE S, E XHIBIT S AN D S CHEDULE S

A nnex D e s c r i p t i on

Annex ACe r t a i n De fin e d T er m s

E xh i b i t D e s c r i p t i on

Exh i b i t A Fo r m of Distri b uti on Ag r e e m e n t Exh i b i t B Fo r m of I nv e stme n t Agreem e n t Exh i b i t C Fo r m of L i v e rm o r e S uble a s e

Exh i b i t D Fo r m of As s i g n m e nt a nd A ss u m pti on Ag re e me n t a n d Bil l of S al e

Exh i b i t E Fo r m of P a te n t As si g n m e nt Ag re e m e n t

Exh i b i t F Fo r m of T r ad e m a r k As s i g n m e n t Agre e me n t

Exh i b i t GTer m She e t f or Ma n u f a c t uri ng S e r vic es Ag r e eme nt

Disclo s u r e Sc h e d u l e

ASSET PURCHASE AGREEMENT

Th i s ASSET PURCHASE AGREE M ENT (t h i s “A g r e e me n t”) is ma de a nd e ntere d i n t o a s of M a r ch 2, 2021 (t he “A g r e e m e n t D a t e”) by and b e twe en IRIDEX Co r po r a ti o n, a De l awa r e c o r p o rati on (“A c q u i r o r”), a nd T o pcon M e dical L a s e r S y st ems, I n c., a Ca lif orn i a c o r p o r a tion (t he “C o m p a ny”, a nd c oll e c ti v e l y wit h A c quir or, t h e “P a r ti e s”), and, s ole l y f or t he p u r pose of S e c ti on 11.15, Top c on A m e ri c a Co r p o r ati on, a Delaware co r pora tio n (“G u a r a n t o r”).

WI TNESSETH

WH E R E A S, the C omp a ny is e n gag e d in and o perate s t he B usi ne s s (a s d efined b e l o w).

WH E R E A S, Topcon C o r p ora tion (“To p c on”), an Affilia t e of the C omp a ny, and Acquir or d esire to e nte r into a series o f s trategic tra nsa ctio ns, purs uan t to w hic h (i) Acq uiro r a cq uire s the B usin ess, (ii) G u ara ntor ac quires ce rtai n eq uity i nterests o f A cquir or p ursu a nt to a n I nvestme n t A greement betw e en G uaranto r and A cquiro r date d on or aro und th e A greem ent Date (the “I nv e s t m e n t A g r e e m e n t”), (iii) T opcon a nd A cquir or ente r into a d istrib utio n agre e ment (the “Di s t ri b u ti on A g r e e me n t”) p ursuant to w hich A cquiro r grants Topcon the ex clu sive rig ht to distribu t e certai n o f Acq uir or’s p r odu cts (in c l u ding p r oduct s o f t he C omp a ny, s u c h as P A S CA L, after th e Closin g) in certain re gio n s (th e “Ex c l u s i ve D i s t r i b u ti o n R i gh t s”) and (iv) Topcon and A cq u iror e nte r in t o the M anu f a c t uring Se r v i ces A greem ent r egar d i ng tran sition of re g ulatory a utho rizations relatin g t o, an d ma nu fac t u ring a nd s upp l y of, the B u sin ess Produ cts for a ce rtai n tra nsition pe riod aft er t he Closi ng.

WH E R E A S, in con nec tion with the ab o ve, A c qu iror d esires to pu r ch ase, and the C ompan y d esires to s ell to Acqu iror, the B usin ess a nd, in con nectio n th ere with, the C o m pany wishes to tra nsfer, free a n d c lear o f a l l Lien s, to Acq uiror, and the Acqu ir or wis h es to a c ce pt, all o f th e C omp a ny’s resp ective rig ht, title and i ntere s t in and t o th e Tran sferred A sset s and Po st-Closi ng Acqu iror Lia bilities, in ex c han g e for the co nsid eration s et f o rth be l ow (su c h transa cti on, the “A s s e t Pu rc ha s e”).

WH E R E A S, the respectiv e board s of d irecto r s of e ac h of A cquir or a nd t he C ompany b elie ve th a t i t i s advis abl e and in t he b est interest s of each corp orati on and thei r respe cti ve stoc kh old ers t hat A c qu iror acq uir e the Tran sferred Assets and, in f urthera nce th ere of, h a ve a p proved this A gre eme n t a n d the a pp lic a ble Tra nsa cti on s.

WH E R E A S, as a con ditio n and i nduc e ment to Acq uiror’s willin g ness to en t e r into t his A g reeme nt, conc urre n tly h ere with, t he C ompan y h a s e ntered into t he Distrib uti on A gre eme n t and the I nv estme nt A greemen t, each o f w h ich will be effec tive o nly u pon t he Cl os i ng.

NOW, THEREFORE, i n c on si d er a tion of t he m u t u a l ag r e eme nts, c o v e na n t s a nd o t h e r premis e s s e t f o r t h he r e i n, t he m u t u a l b en e fit s to be g a i n ed by t h e p e rforma nc e t h e re o f, a nd f or o t h e r good a n d v a l u a b l e c o n s i d era tion, t he r e c e i p t and sufficien c y of which a r e h e re b y a c k n owle dged and a c c e p t e d, the pa rti e s h e r eby a gree a s f o llows:

ARTICLE I TRAN SFER O F A SSE T S

1.1A s se t T ra n sf e r.

(a) T r an s f e r of T r a n s f e r re d A ss ets. U pon the term s and s u bje c t to t he c ond itions co n tained i n th i s A gre eme nt, a t the Closing, t he C omp any will irrevoca bly and p erp e t ually c onvey, tra n sfer, nov ate, assi gn and deliv e r to A c qu iror, fre e and clear o f al l Li e ns, and Acq uir or will acq u ire all o f th e C ompany’s rig ht, titl e a nd in t erest in a nd to th e Tran sferre d A s sets. For pu r pose s o f th i s A gre eme nt, “T r a ns f e r re d A s se t s” means all A sset s of the C ompany used in, h eld for use i n, nec essary for, o r rel a ted to th e cond uct or operatio n of th e B u sin ess, o r o t herwise co ntemp l ated to b e transferred t o A cqu iror pu rsuan t t o this

2

Ag r e e me n t, i n cl u d i ng t he fo ll o w i ng a s s e t s of t he Company, i n e a ch c as e t o t h e e x te n t permis s i b l e und e r applic a b l e L aw:

(i)all Transf e r red I P;

(ii)all Transf e r red I P / T e chn o l ogy-R e lat ed D ocume nta tio n; (iii)all Transf e r red Ta n gible A s sets;

(iv)all Transferred C on tracts, and a l l rig hts o f th e C omp any und e r or relat ed t o any

Tr an s f e rre d Contra c t;

(v)all B usin ess Pe rmits;

(v i) all origin als, or w h ere not a vailable, copies of all B oo k s and R ecord s (to t he ex tent ava ila ble) u s ed in, h eld fo r use in, nec essary for or related to the B usi ness, t he Tra nsferr ed Asset s or th e T ran sferrin g E m plo yees, oth e r t han the E x clu de d B ooks a n d Rec ord s;

(v ii) (A) a l l rig hts, title, an d in t ere sts, but n o t the o bligatio n s or L i abilities, un d er any con fidenti a lity agreeme nt, non-disclosu re, non-comp etitio n, non-solicitatio n, or in v entio n assi g nme nt, o r simila r a greements entered into wit h a ny Emplo yees to ex t ent tha t (x) su c h rig h t s (or po rtio n th e r eo f) rel ate to the Tra n s ferred I P, the B usi ness Produ cts, or th e B u sin ess and (y) su c h agre e men t s a r e in e ffec t a s of th e A g r e eme n t D a te, a n d (B) all right, title a n d in t erest, b u t n o t t he obli ga tio ns, u n der any co nfid entiality, in v en tion assig nment, o r s imilar agre eme nts with any Emp l oye e s w ho have pe rfo rmed servic e s in conn ection with or related to the B u sin ess to t he extent such agreem en t s ar e in ef f ect a s of the A gre eme nt Date (“E m p l o y e e A s si g n m e n t A g r e e m en t s”), and to the ex tent req uired t o pe rmi t A cq uiro r t o e njoin, restrain, reco ver d amag e s from, or ob tai n any oth e r remedie s av aila b l e at law or e q u ity fr om or against, a nd to ob tain s pe c ific p erf o rman c e of such Emplo yee A ssignmen t A g reemen t by, a ny Emp l oyee w ho b r eac hes any Emplo yee A ssig nmen t A gre e m ent (i nclu ding any c on fidenti a lity pro visions r e lating to t he B usin ess o r Tran sferred A ssets) in co nnection with Acq uiror’s protection of its rig hts and in t e r est s in conne cti on with t he B u siness o r th e T ran sferred A ss ets, in e ach case, to the e xten t nec essary to pe rmi t Acq u iror to p r otec t its rig hts and inte r e sts i n con n e ction with the B usin e ss and the Tran sferred Assets and t he Tran s actio ns;

(v iii) all rig hts, titl e, and in t e r est s to any A c tion a rising out of or related to any othe r Tran sferred A sset, in e ach case, w h eth e r kno w n o r u nkno w n, co ntin ge n t or non con tinge nt, a n d w heth e r arisin g o u t o f a c ti ons o r c o nd itio ns occ urring pri or to, on o r after th e Cl osing Dat e, a n d oth e r than to the e xte nt related to an E x cluded Asse t o r a C o m pany Lia bilit y (such exclu ded it e ms, the “E x c l uded A c t i on R i g h t s”);

(ix) all insura nce ben efits, in c l uding rig hts and pro cee d s arising from or in a ny way rel a ting to a ny oth er Tr ansf erred A sse t to th e ex tent arising prio r to th e Clo sing, i n each c ase, oth e r than to th e e xte nt related to an E x c l u ded A sse t o r a C ompany L i ab ility (s uch ex c l uded it e ms, the “Exc l u ded I n s u ra n c e B e n e f it s”);

(x) all rig hts to e nfo r ce su ch right, titl e and in t erest, in c l uding the rig h t to su e and reco v er a ny sums w h eth e r due, payab l e, accru e d or arising b efore, on o r a fte r t he Clo sing with respect to any other T r an sferred Ass et, in e ach case, o t h er than to th e e xte nt related to a n Ex clu ded A sset or a C ompany Lia bility (such ex cluded items, th e “Ex c l ud e d E n f o rc e m e nt R i gh t s”); a n d

3

(x i)all good will in or a sso ciate d with the Tra nsferr ed Asse t or the B usiness

prov ided, howev er, t h at, n o t wi t h s t an d i ng a n y t h i ng t o t he c o n t r a r y c o n ta i ned h e r e i n and f or t h e avo i d a n ce o f dou b t, t he Tr a n sf e r r ed A ss e t s s ha l l n o t i n cl ud e, and t he C o m pany sh a l l n ot c o nv e y, tr a n s f er, nov a t e, as s i gn o r de l i v e r, a n d A cqu i r or e x p re s s l y und er st an d s a nd a g r e e s t h a t i t s ha l l n o t r e c e i ve or a c q u i r e, any r i g h t, t i t l e o r i n t e r e st i n o r t o any E x cl u d e d A s se t.

(b)Fu rt h e r A s s u r a nc e s.

(i) Po st-C l o s i ng C oo p e r a t i on. For a p eriod of six (6) m onths after the Cl os i ng, a t A cquir o r’s re aso n ab l e written req uest, the C ompany s ha l l use its c o mmer c ially re asonable effort s to ex e cu t e and d eliver to A c quiro r su ch other i nstruments of sale, tran sfer, conve y a nce, assig nme nt and co nfirm a tion and such mat e rials and informa tion and tak e such oth e r a cti o ns as reas o na bly necessary in order to tran s fer, nov ate, c onvey a nd ass i gn to Acq uiror, and t o co nfir m Acq uir or’s rig ht, title, a nd in terest to, all of the Tra nsf e rred Assets in acc ordance with this A g r eem ent, in e ach case to the full est exten t p ermitted by a p p lica ble Law and co nfi denti a lity ob lig ati ons o w ed by th e C ompan y or its Affiliates t o any third p arty, to assist Acquir or in acq uiring actu a l p ossessi on a n d operati ng c on trol of th e T r ansf e rred A ssets, and to assis t Acq uir or in ex ercisi ng a l l rig hts wit h respect th ereto an d en a b lin g the p e rfecti on of A c qu iror’s o w n e rship of the Tran s ferr ed Assets and the r eg istration, record ati o n, prose cution, e nforc eme n t of the Tran sferr ed I P and a ny oth e r m a tte r s rel a ting t o th e use o f t he Tran sferred Assets; pro vid ed, th a t any c ost s a sso ciated with the actions undertaken by t he C ompan y pursuant to t his S e ction 1.1(b)(i) sh a l l be b orne e qu all y by the P a rties.

(ii) N on-R et en t i on a nd R e m o v a l o f So f t w a r e and T e ch no l ogy. T h e C o m pany sh all not i nte n tionally or K no w i ngly, fo llo win g th e Clo sin g, reta i n any cop i es o r emb od ime nts o f any Softw are or T echn ology th at co nstitute Tr an sfe rred Asse ts, ex c ept to th e ex t ent s uch rete ntio n or copie s are req uir ed un der applica ble Law or fo r t h e C omp any o r its Affilia t es to fulfil l its obli ga tio n s und e r t his A gre emen t o r any other R elated A greements, and t he C ompany sh a ll, to the exten t of its K no wledge an d to the exte n t p rac tic a lly p ossi ble, remove all c o pie s o f such So ftw are or Tech n olo g y fro m an y a nd all co m pu t ers o r oth er simil ar mac hin e s retained b y the C o m pan y; prov i ded, th a t nothing h ere i n sha l l re qu ire th e C ompan y or it s Affiliates to remo v e any info rmatio n req uire d to be ret ain ed p urs uant to ap p lica ble Law or b ona fide in ternal re c ord rete ntio n po licies.

(iii) L ic e n s e Fe e s. A cqu iror a c k no wled ges th at t he Transf erred C o ntrac t s in clu d e the rig h t by th e C omp a ny to rec eive certain lice nsing f ees an d/or pay men t s fr om thir d pa rties in conne cti on with such thir d p arties’ u se of certain Tran s ferr ed I P (such licensin g f ees, the “L ic e n s i ng Fe e s Pay a b l e”). I f A cqu iro r receives a n y payments in c onne ction with th e Licen sin g Fees Paya ble aft er t he Closin g, and su ch payme n t s relate to the use of any T ran sfe rred I P by th e re leva n t thir d part y du ring the p erio d p rio r to t he Closin g, am ount o f w hich are n o t fully rec e i ved by the C ompany prio r to the Cl osi ng, Acq u iror sh a l l pay o r cause t o be paid t he C o m pany o r its d esig n ee t he full amoun t of t he Licen sing Fees Pay a ble t o the exte n t r e l e v ant t o the p erio d pri or to the Clo sing pro m p tly up o n Acq uiror’s r ece i pt o f such amou nts.

(c) A c c e s s t o I n f o r m a ti o n. Acqu iror an d the C ompany sha ll, fo r a pe riod of six (6) years fo llowin g th e Clo sing, (i) r e t ain bo o ks and record s of the B u sin ess rel a ting to p e riods pri or to th e Clo sing (the “I n f o r m a ti o n”) i n a m anner rea s ona bly con siste n t with p ast p rac tic es, and (ii) a ffo r d the other p a rty and its Affiliates and each of th eir R e presentativ es u pon reaso n ab l e ad van c e w ritten req uest, and a t th e oth e r party’s ex p ense, reas onab l e ac c ess to su c h I nforma tion du ring n o rmal b u sines s hour s and in such man n er as not t o in terfe r e with the c o ndu c t o f the b usin ess of such oth e r p art y; p r ov i d e d, ho w e v e r, that ne ither p art y shal l b e o b ligated to p r ovid e the o t her p arty wit h a ccess to any such I nform a tion w he r e s uch access w o uld vio l ate any Law or co n fide ntiality ob lig atio n s o w ed b y su ch p arty. Requests for I n f o rmatio n

4

may b e made b y th e Parties und e r th i s Se c ti o n 1.1(c) fo r fina n cia l r eporting a n d acco u n ting matters o r prep ari ng fin an cial st a tem e nts, pre p a ring and fili ng o f any Tax R e t urn s, p r ose cu ti ng any cl a ims fo r an y Tax refu nd, defen ding any Tax claims o r assessme nt, pre pari ng sec u rities l aw or s ecurities e x chan g e fili ng s, compli ance with th e req uir eme nts of any G ov ernme nta l Entit y pro sec uting, d efe n d i ng or se ttling any a c t ual or th r e aten e d A cti on or ins uran c e c lai m and all o t her reaso n abl e purp oses, a nd by the C ompany in o r der to facilitate the res olutio n of a ny cla ims made b y or a gai nst or in c urred by A c q u iror aft er the Cl osi ng, or for any other r eas o nable pu r p o se, in each case, a s related to the Tran sferre d Assets, Post-Clo sing A cq uiro r Liabilities an d/or th e B u siness, an d p erf o rmin g o b lig atio n s un d er this A greemen t a n d t he R elate d A gre ements; p r o v i d e d, ho w e ve r, th a t such o t her p arty s hal l not be o bligate d to provide any I nformation that w ould r esult in the lo s s of t he a ttorney-clie nt priv ilege with respec t th e r eto, p r o v i d ed, f u rt h e r, th at, i n su c h case, such p arty sh all use c o mme rcia lly r eas o nable eff orts to esta blish a pro c ess t hat, th r ough use o f ste p s such as targ eted re d actio n s and pro vision o f info rma ti on to cou nse l a n d su mmar ies f or the other p arty or oth e r simila r mea ns, will p r ovide such oth e r p arty timely a c cess to the f u lles t exte nt p rac tic ab le. Each o f A cquir or and th e C omp a ny sh all k e ep con fid e n tia l a nd not dis clo s e a ny in f o rmati on lea r ned as a re su l t of any ex amin a tion co n du cted pursua n t to t his S e c t i on 1.1(c) to any oth er P erson with o ut th e pri or written conse n t of th e oth e r p a rty u nle s s (A) the dis closu r e is requ ired by Law o r leg a l process such as in respon s e to leg a l ord e r o r subp o en a; or (B) t he term s are read ily asc ertainab l e fro m p u b lic o r pu blished information (with out violatio n of the fo r egoing pro visio n s of this se nten c e).

(d) M is-Al l oc a t i on of T r a n sf e rre d A s s e t s. Su bje c t t o the t e rms and co n d itio n s of th i s A gre emen t a nd the Related A gre eme nts, in th e e v ent t hat (x) Acq uiro r disc ov ers a fter th e Cl osi ng th a t it i s the o w ner of, re c eived or o t herwise came to p oss ess a n y E x cluded Asse t (i nc l udin g th e r eceip t o f a n y mai l and pa yme nts r eceiv e d th a t do not relate t o the Tra nsf erred A ssets o r the B usines s to w hic h the C omp a ny is en title d) or (y) the C o m p any disc ov ers a fte r Cl osi ng that it, o r it s Affiliat es, a r e th e o w n ers of, rec eiv e d or otherwise came to po sses s any Transf err ed A sset, such party sh a ll, or shal l cau s e its A ffiliat es to, conve y such ass et as promptl y a s pra cti cable, at no co st, to t he p art y so e ntitled th ereto in ac c ord ance with th i s A gre emen t (and t he rel ev a nt p arty wil l ca use such e ntitled p arty to acce pt su c h asse t o r a ssume such lia b ility).

1.2 C o m p a n y L i a b i l i t i es; Po s t-C l os i ng A c q u ir o r Li a b il i t i e s.

(a) C o m p a n y Exc l u d e d L i a b i l i t ies. N otwit hs tan ding a nything to the co ntr a r y in th i s A gre ement, in co n necti on with th e consu mmatio n of the Transactio ns, none o f A cquiro r or any o f it s R epre s en tativ e s sh all assume or h ave an y re s pon sib ility f or, o r sh all be d e emed to have assumed o r hav e any respo nsibility f or, any C omp a ny L i ability. For purpo ses o f th i s A g reeme nt, “C o m p a ny L i ab il it y” mean s a n y Lia b ility inc urre d by th e C o m pany pri or to t he Clo sing D ate, in clu din g:

(i) any liab ilities arising o u t of or rela ting to th e C omp a n y’s o w ne rsh i p or op eration of (x) the T r an sferred A sse t s and the B usin ess prio r to t he Clo sing Dat e or (y) th e Exclu ded Assets,

(ii) any Liability with respec t to any A cti on p en ding or, to th e K no wled g e o f th e C ompan y, threatened a g ainst t he C ompany as o f t he Cl osing a rising from, relate d t o, in c onnec tio n with, o r t o e nfo rce a n y C u st ome r C on tract (c ollectiv ely, “K no w n C u s t o m e r L i a b i li ti e s”),

(iii) subje ct t o Sec t i on 8.4(d), t he emplo ymen t Lia bilitie s of the C ompany, in clud i ng any such emplo ymen t Liabilities th a t (A) so lely by virtue of a pp lica b l e La w, con stitu t e Lia bilitie s of A cquiro r after the Clo s i ng, and (B) in the ab sence of su ch Law, w o uld con stit ute Lia bilities of the C ompan y a fte r t he Closing,

(iv)any Th ird P art y Exp e nse s,

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(v)any I ndebtedn ess,

(v i)any L i ability re l a ting to t he Elle x Dis pu t e;

(v ii) any L i ab ility relating to n on-complia nce wit h any a ppli cable b ulk sale o r b u l k transfer law s o f a ny ju ris d icti on in con nec tion with th e sale and transf er of th e T ransf e rred Assets in existen c e p rio r to the Closing,

(v iii) any Liab ility with resp e c t to the clo s ure of the T MLS f acilit y lo c ated a t 25 2 6 Q u m e Drive, S uite 16, San Jose, C alifornia lea sed fro m We nnex, L L C (the “S a n J ose Lessor”) p ursu a nt to t hat certain Sta nd ard I n d ustrial/C o mmerc ial M ulti-Tenant Lease – Gro s s betwee n the C o m pa n y and th e San Jose Lessor dat ed Ju n e 30, 2 0 16;

(ix) (A) any Liabilit y for T a xe s, other than Tran sfe r Tax e s alloca ted to the A cq uiro r purs u ant t o Se c t i on 2.5, ar ising fro m or a ttrib utable to the B u sine s s or th e use or o w nership of t he Tran sferred A ssets fo r a l l t axab l e p erio d s (o r po rtio ns thereo f) en ding on or pri o r to th e Clo sing D a t e and any other Taxes of th e C omp any, other th a n Tran sfe r Tax e s allo c a t e d to the A c qu iro r purs u ant to S e c t i on 2.5, (B) any L iab ility for T axes as a re s u l t of any o bligation of th e C o m pa n y to ind emnify an y oth e r Pers on with respec t to Ta x es as o w ed by t he C omp any p rior to t he Clo sing, and (C) any Tra nsfe r Taxes all oc ated to the C omp a ny purs u ant to S e c t i on 2.5, an d

(x) T he C omp any sh a l l be res ponsi ble for, and satisf y an d disc har ge w hen d u e, th e C ompan y L i abiliti es a nd s ha l l be re s pon sib l e f or and ind emnify and h old harml ess A cquiro r a nd its Affiliates with respe c t t o, any su ch C ompany Lia b ilities.

(b) Po st-C l o s i ng A c qu i r or L i a b i l i ti e s. N otwithstand i ng anything to the c on trary in this A gre ement, a t the Clo sing, A cqu iror sh all ass u m e all Post-Clo sing A cqu iror L i a bilitie s. F o r p urpo ses o f th i s A greem ent, th e “Po s t-C l o s i ng A cq u ir o r Li a b il i t i e s” mea ns:

(i) all L i abiliti es to the e xten t r e l atin g t o t he Tra nsferr ed Assets, b ut only t o t he ex tent th a t su c h L i ab iliti es arise o n or after the Clo sing,

(ii) all Lia b ilities to the ex t ent rela ting to or a ris i ng o u t of t he C u stome r C o ntracts (ex clu ding K no w n C u sto m er Liabilities, w hich, fo r t he av oidance o f d o ubt, shall be C ompany Liabilities for al l p urpo ses under this A g r e ement),

(iii) all L i ab iliti es relating t o emp l oyee benefits, c omp ens a t i on o r oth e r arrang eme n t s with respec t to any B u sin es s Employ e e arising after t h e Clo sing,

(iv) all Lia b ilitie s o r o bligatio ns fo r Ta x es imp osed on A cquir or o r rel a ting to t he Tran sferred Assets th a t are not C ompany Lia b ilitie s a n d any Tr an sfer T axe s allo cated to A cquiro r purs u ant to S e c t i on 2.5.

Ac q u iror sh a l l be res p on sib l e f o r, a nd s a tisf y a nd d i s c ha r g e wh e n du e, t h e Po s t-Cl o sing Acq u iro r Lia b ilitie s and sh a l l b e re s p on si b l e f or a nd i n d e m n ify a nd ho l d h a rml e s s the Co m p a ny a n d it s Af filiates (o t h er t h a n Ac q u iror) with r e s p e c t t o, any s uch P o st-Clo sing Ac q u ir o r Lia bilitie s i n a c c ordan c e wit h t he t er m s h e re o f.

(c) C e r t a i n I nde m n i ti e s. For c larity, th e P arties a c kno wl e d ge a n d a gre e t hat t he pro visions of th i s S e c ti o n 1.2 do not in an y way a lte r or oth erwi se d iminish an I nd emn ifying P arty’s ob lig ati ons reg arding ind emnificatio n und e r S e c ti on 9.2.

1.3N on-T r an s f er a b l e A s s e ts.

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(a) N otwit hst an ding an ythin g t o the co ntrary in t his A g r eeme nt, i f any Transf e rred Asset i s not a ssig na ble or tra nsfera ble witho u t a co nse nt, w a i ver, a uth oriza tion o r ack n o wled gme n t fr om a third part y, a nd a ny such co nsen t, waiv e r, a utho riz a tion o r a ckno wle dg ment i s n o t ob tai ned prio r to the Closing (ea c h, a “N on-Tr ans f e r a b l e A s s et”), this A gre eme nt and th e r e l a t e d in strume nts of tran sfe r s ha l l no t constitu t e an assig nme n t or tra nsf er o f such N on-Transfer ab l e Asset, a nd A cquiro r or its designee(s) shal l not acqu ire o r assume the C ompa n y’s ri gh t s or ob lig atio n s un d er s uch N on-T ransfera ble Ass et (and such N on-Transfera ble Asse t sh all not be in clud e d in th e Tran sferred Assets unl ess and u nti l su ch c o nse nt, w a i v er, auth o rizatio n or a c kno wled gme nt i s ob t ain e d); p r o v i ded, ho w e v er, th a t s ubje c t to t he satisfaction or w aiv e r o f the c ond iti o ns c on t a i n ed in S e c ti on 2.1(b), t he Clo sing shal l oc cur notwithst and i ng the fore goin g with o ut any a djustme n t to th e Clo sing D a t e C onsid eration on a ccou n t ther eof; and, p r ov i ded, f u r t he r, th at fo llo win g th e Closi ng, t he C ompany sh a l l use c ommerciall y re aso na ble eff o rts t o o bta i n any such con s ent, wai ve r, auth orization or ack n o wle d g m e n t a s so on as reason a bly p ractic abl e after th e Cl os i ng D a t e and th ere a fte r the C ompany s ha l l tr ansfer a nd assig n to A c qu iror such N o n-Transf era ble Ass e ts; prov i ded, th a t in no even t shal l th e C ompany be re quired to inc u r any material (in amou n t or n a t ure) add itio nal o b lig atio n s in c onne ction with its eff o rts t o obtain such c ons e n t; and p r ov i d e d, f u rt h e r, t h a t A cquir or shal l coo p e r ate with t he C o m pany i n ob tain i ng such co nse nt. Fo llowin g any such a ssig n m ent o r transfer, such N on-Tran sfe r able Asset sh a l l be deemed Tran sferred A sse t s for p urp oses of th i s A greemen t.

(b) To t he ex t ent th at any Transferre d A s s et an d/or Po st-Clo sing A c qu iror Liab ility c a nnot be transferred to Acq uiro r f ollo wing th e Clo sing, A c quiro r and th e C omp a ny shal l use c o mme r c ially rea s ona ble eff o rts to ente r i nto such arrang eme nts (suc h as s ub lea sing, sub licen s i ng or subco n tra ctin g) to prov i de to the pa rti es the econ o mic a nd, to t he e xte n t p ermitted und e r app li cab l e Law, o pe r a tion a l equiv a l e nt of the tran sfe r o f such Tra nsf e rred Ass et an d/or Po st-Clo sing A cquiro r Liab ility to Acq uiro r as of the Closin g a nd the p erf ormance by A cq uiro r of its ob lig ati ons with re s pe c t th ereto. A cqu iro r s hall, a s agent o r subco n tractor f or t he C ompan y, pay, perform and dis char ge fully t he liabilities and o bli ga tio n s o f the C ompan y th e r e und e r f r om a n d a fte r t he Closin g Date.

Artic l e I I

CLO S IN G A N D C L O S I N G PAY M E N TS

2.1T he C l o s i ng.

(a) C l o s i ng. Su bje c t to th e te rm s and c o nd iti ons of this A g r eement, A cq uiro r and th e C ompa n y shal l c o nsummat e th e Tra n sac tions at a cl osi ng (the “C l o si n g”) to t ake pla ce on a d ate t o be mu t ually a greed by the Pa rties, pro vided that su ch d ate sh all tak e p l ace as soon as pra cti cable f ollo wing s a tisfa ctio n or w a i v e r (if permissi ble he r e unde r) of the con ditio n s se t fo rth i n S e c ti o n 2.1(b) (o t her t han tho s e con ditio n s th a t by th eir n ature are to be satisfie d a t the Cl osi ng, but su bje c t to satisfa c tion or w aiv e r (i f per missib l e here u nd er) of th ose conditi ons a t the Closin g), by electro nic ex c hange o f d o cu m e nts, un l ess an oth e r time or pla c e is mutu all y agreed upon in writing by A cq uiro r and th e C ompan y. T he da t e upon w h ich the Clo sing occu r s h ereu n der sh all be referre d to he rein as the “C l o si ng D a t e.”

(b)C ond i t i o n s t o t he C l o s i ng.

(i) Mu t u a l C on d i t i o n s. T he r e spe ctiv e ob lig ati ons o f A c q uiro r and the C ompa n y to consu mmat e t he Tran s actio ns sh a l l be su bje c t t o t he satisfa c tion, a t o r prio r to t he Closi ng, o f t he fo llowin g con ditio ns:

A. N o Leg a l R e s t r a i n ts. No Law or Or d e r (wh e t h e r tem p o r a r y, p r e liminary o r p erma n e nt) s h a l l be i n e f f e ct which h a s t he e f f e c t of m a k i ng a n y Tra n sa cti on ille g a l o r o t he r w is e p r o h i b iting o r p r ev e nti ng c on s ummati on o f any T ra n s a c ti o n i n a c c o r d a nce w it h t he t e rms h e re o f.

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(ii) A dd i t i on a l A c q u i r or C o nd it i on s. The ob lig atio ns o f Acqu iror to consu mmate the Tran sac tio n s s h a l l be su bje ct to t he s a tisfactio n, a t o r prio r t o th e Cl osi ng, o f e a ch of t he fo llo win g add itio nal con ditio ns, any o f w hic h m ay be w aiv ed in writing ex clu siv ely by A cq uiror:

A. R e pr e s en t a t i ons and W a rr a n t i e s.

1. The r epr es ent a t ions and w arr ant ies of the C o m p a ny t h at a re not qua l i f ied by m a ter ial i ty s ha ll h ave been tr ue and co rr ect in all ma ter i al r espe cts on the d ate t hat they were m ade and sha ll be t rue a nd c o rr e ct in all m a t e r ial res p e c ts on and as of the C los ing D a te as though s uch repr esen t a ti ons and warr ant ies were made on and as of s u ch d ate (o ther t h an the re p re s entat ions and w arr ant ies of t he C o mpany m ade only as of a spec i f ied dat e, which shall be t rue and c o r r ect in a ll m a t e r ial res pec ts as of the spe c i f ied da te).

2. The rep resent a t ions and warran t i es of the C o mpany t hat a re qua l i fi ed by m a te r i a l i ty s h a ll ha ve be en tr ue and cor rect in a ll r e spe c ts on the da te that they w ere made and sha ll be t r ue and cor rect in all r es pects on and as of the C los ing Date as t hough such repres ent a t i ons a nd w a rr ant ies w e re m ade on and as of s uch d ate (o ther than a ny s u ch re p res ent a t i ons and war ra n t ies of any of the Com p any m ade on ly as of a spe c i f ied date, whi ch s h a ll be t rue and c o r rect in all r espects as of the spe c i f ied da te).

B. C ov e na n ts. The Co m p an y s h a l l have p e rf o rmed an d c o m plie d i n all m a t eri a l res p e cts w it h a l l c o v e na n t s a n d o bli g a ti o n s u nd e r t his A g r e e m e n t and a n y Related A g re e m e n t t o wh i c h t he Company i s a p art y r eq u ir e d t o be p erf orm ed a nd c o m p lie d wit h by t he C o m p any p ri o r to t h e Cl o s i ng.

C. I n te n t i on a l l y Om i t te d.

D. I n te n t i on a l l y Om i t te d.

E. C l o s i ng D e l i v e ri e s. The Co m pany s h a l l h a ve d e li v ered t o Acquir o r all c e rti f i c a t es and o t h e r do c ume nts that they a r e r eq u ired t o d eli v e r t o Ac q u iror p u r s u a n t to t h i s Ag r e e me n t p rior t o t he Clo si ng, i n c l u ding t he As si g nme n t and Ass u m p ti on Ag r e e me n t a n d Bil l of S a l e, P at e nt A s s i g n m e n t Agre e m e n t, T r a d e mark As si g n me n t Ag r e e m e n t, t h e Di s t r i b u ti on Ag r e eme nt, t he I nv e stme n t Ag re e me n t and the L i v e rm o r e Suble a s e, in ea c h c a s e, duly e x e c ute d an d d eli v e re d b y t h e Compa n y or i t s A f f ili a tes, a s a ppli c a ble.

th a t is co ntin uin g.

F. M a t e r ia l A dv e rs e E f fe c t. T he r e s h a l l n o t h a ve o c c u r r e d a M a t e r i a l A d v er s e E ff e c t

G. S ta n f o r d C on s e n t. Ac q uiror s h all h a ve re c e i v e d the n ec e ss a r y c on s e n t, wa i v e r a nd/o r a pp r o val o f Sta nford Un i v e r s ity o r it s Af fili ates (“S t a nf o r d”) t o t he Ame nd e d and Re s t ate d E x cl u siv e L ic e n s e Ag re e m e nt b e twe en the Bo ar d of T r u st e es of t he L ela nd S ta n f ord J u n i or Un i v er sit y (t h e “S t a n f o r d A g re e me n t”) and t he Co m p any.

H. N i d e k L ic e n s e. Ni d ek Co., Lt d. (“Ni d e k”) h a s g r a n te d a non-e x c l u si v e li c e n s e to Ac q u iror a n d it s Af f ili a te s to u s e t he N i d e k P ate nts i n s ub st a nti a ll y t he s a m e ma nn er a s p r o v i d e d f or i n t he Nidek- TMLS Su b lic ense Ag r e eme nt f o r t he p e r i od s t arting f r om t h e C l osi ng D a t e a n d e nd i ng on t h e d ate o f e xpir ation of t h e Ni d e k P a t e n ts.

I. O ff i c e r’s C e r t i fi c a t e. Ac q uir or s h a l l have r e c e i v e d a c ertifi c ate fr o m t h e Co m p a n y, v ali d l y e xe c u t e d by a n e xe c u ti v e o f fic e r o f the Co m pa n y f or a nd on the Co m p a n y’s beh alf, to t h e e f f e c t t h a t, a s o f t he Clo sing the c o nditions s e t f o r t h i n Se c ti o ns 2.1(b)(i i)A and 2.1(b)(i i)B have be e n s ati s fie d.

J. F I R P T A C erti f i c a t e. T he C ompa n y sh a l l hav e d eli vered to A c qu iror a d u l y executed certifi c ate o f no n-forei gn stat us fro m t he C ompan y th at meets the re q uireme nts se t fort h in Tre asu r y R egulati ons S ection 1.144 5-2(b)(2).

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K. M an u f a c t u r i ng S er v ic e s A g re e me n t. The Ma n u f ac t uri ng S e r v ic es Ag r e eme nt re f le c ting the materi a l terms agre e d b e twe e n the P a rti e s as s et f ort h o n Ex h i bit G s hall be i n full f o r ce and e f f e ct.

L. E qu i t y I nv e s t m e n t. The Inves t ment A g r eem ent exe c u ted concur re n tly wi th this Agree me nt sha ll be in full for ce and ef fe c t, and a ll c ondi t ions p re c edent under t he Inves t me nt A g re e ment f or t he clos ing the reunder sha ll be sat is f ied or w a ived pur sua nt to the t e r ms of t he Inve s t ment Agree me n t.

M. T er m i n a t i on o f G u a ra n t y L e t t er. A termination notic e in respe c t o f th a t certain guara nty lette r d ated A pri l 8, 2015 e x ecuted by G uara ntor in f av o r of C o h ere nt I nc. (“C o h e r ent G u ara n t y”) shal l have been s ub mitted by G uara ntor t o C o h e r ent I nc. in accorda nce with the terms of th e C oh ere n t G u ara nty.

N.Supp l y A g r e e m e n t. T h e S u pp l y Ag r e e me n t s h all be i n f ull f o r c e and effe c t.

(iii) A dd i t i on a l C o m p a ny C on d i ti o n s. T he o b lig atio n s o f th e C omp any to con s u mmate the Tra ns a c tions sh a l l be s ubjec t to the satisfa c tion a t or p rior t o the Closin g of the foll o win g cond iti ons, any o f w hic h m ay be w aived in writing ex clu siv ely by the C omp a ny:

A.A c q u i r or R e p r e s e n ta t i o n s a nd W a rr a n t i e s.

1. The repr esen t a t ions and w a rra n t ies of Acqu ir or that are not qual i f ied by m at e r i a l ity s hall have been tr ue and c o rr ect on t he da te they were m ade and sha ll be tr ue a nd co r rect in a ll m a te r i al r es pects on and as of the C los ing D a te as tho ugh such r eprese n t a ti ons and war r ant i es were made on and as of such da te (ot her than the repres ent a t ions and war ra n t ies of Acq u ir or made only as of a spec i f ied da te, whi ch sha ll be tr ue and cor rect in a ll m a te r i al respe c ts as of the spec i f ied da te), exce pt as would not pr event Acqui r or fr om cons u m ma t ing the T ra n sa c t ions.

2. The re p res ent a t ions and w ar ran t ies of Acqui ror that are qua l i fi ed by m a te r i a l i ty sh a ll have been true and c o r r e ct on t he da te they w e re made and s h a ll be t rue and co r re ct in a ll re spec ts on and as of the C los ing Date as though such r epr esent a t ions and war ran ti es w ere m ade on and as of such da te (ot her than t he r epr e sen t a t ions and w a r ran ti es of Acq u ir or made only as of a spe c i fied da te, w h ich sha ll be t r ue and cor rect in all m a ter i al res pects as of the spec i f ied da t e), exc ept as would not pr event A c qui ror f r om cons u m m at ing the T ransac tion s.

B. A c q u i r or C ov e n a n t s. Ac qu ir o r s h a l l h a v e p e r f orm e d and co m p lie d i n a l l mate r i a l res p e cts wit h a l l co v e na n t s and o b li g ati ons und e r th i s Ag re e me n t a n d t h e Re l ated Ag re e m e n t s t o wh i ch t hey a r e a pa rty re quire d t o b e p e rf or me d and c o m p lied wit h by t h e m pri o r t o t he C l osi n g.

C. O ff i c e r’s C e r t i f i c a t e. T h e Co m p any s h a l l have re c e i v ed a c e rtifi c at e f r o m Ac q u iro r, v a li d l y ex e c u t e d by a n offic e r o f Ac q u iror f or a nd on A c quir o r’s b e h alf, to the e f fe c t t h a t, a s of t he Cl o sing, the c o nditions s e t f o r t h in Se c t i ons 2.1(b)(i i i)A and 2.1(b)(i i i)B ha v e b e e n sati s fie d.

D. R e c e i p t of C l o s i ng D e l i v e r ies. Ac q u iror s h all have e x e cuted and d eli vered t o t he Co m p a n y t h e As s i g n me n t a nd Ass u m pti on Ag re e m e nt a nd Bil l o f S a l e, P ate nt Ass i g n me n t Ag r e eme n t, T r a d e mark As si g n me n t Ag re e m e n t, t h e Di s t r i b u ti o n Agreem e n t, the Inve stme n t Ag r e e m e n t, the Sta nfo r d Ag r e emen t, a n d t h e Li v e r m o r e S u b l e a s e i n c o n n e cti on w it h t he T r a n s a c tio n s.

E. M a n u fa c t u r i ng S e r v i c e s A g r e e m e n t. The M a nufactu ri ng S er v ic e s Ag r e eme nt re f le c ting the materi a l terms agre e d b y t h e P a rtie s as se t f o rt h on Ex h i bit G s h all b e i n f ull f o r c e and effe c t.

F. E qu i t y I nv e s t m e n t. The Inves t ment A g r eem ent exe c u ted concur re n tly wi th this Agree me nt sha ll be in full for ce and ef fe c t, and a ll c ondi t ions p re c edent under t he Inves t me nt A g re e ment f or t he clos ing the reunder sha ll be sat is f ied or w a ived.

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G.Supp l y A g r e e m e n t. T h e S u pp l y Ag r e e me n t s h all be i n f ull f o r c e and effe c t.

2.2 Pa ym e nt o f C on s i d e r a t i on. On the C los ing D a te, A c quir or sha ll d epos i t, or c ause to be deposi ted, by w ire tr an sf er of im me d iat ely av a il able funds, w ith the Company (or i ts des ignee), into an ac count desi gnat ed by the Company in a w r i t t en no ti ce de li ve red to A cqui ror at lea st t wo (2) Bus ine ss Days p ri or to the C los ing D ate, an am ount of cash equal to the Clos ing Date Cons ide rat ion. The pa r t ies acknowledge that (a) there could be ce rt a in delays in t he de v elop m ent of the new GenM ser i es of PASCAL pr oduct as co mpa red to the sc h edule pre v ious ly c o m mun ica ted by the C o mpany to A cqu ir or du r ing p re-due d i l igence and (b) the C l o si ng Date Consi d er a t ion t akes i n to ac count the r i sk of such de la y s.

2.3I n te n t i on a l l y Om i t te d.

2.4 A ll o c a t i on of C on s i d e r a t i o n. W it h in one hund red twenty (12 0) d ays a f t er t he C l o sing D a te, Acqui ror sha ll p rov ide t he Company (or i ts des ign ee) w ith a dr a ft of the Tax A l l o cat ion. The Company sha ll have si x ty (60) days to re v iew a nd c o m m ent or, if the Com pany disa g rees wi th the Tax A ll o cat ion pr epar ed by A cqu i ror, object on the Tax Al loc a t i on. If the Company and A cquir or are unab le to r e sol ve any d i s agr e e ments wi th r e spect to T ax Al locat ion p repa red by A cqui ror af ter good f a i th disc u s s ions wi t h in t h i r ty (30) days, then ei ther t he Company or A cqu ir or may e le ct for such ma t t er to be r e f e r red to an int erna t iona lly r e cogn i zed i ndependent a ccoun t ing fi r m, who shall rev i ew t he T ax A lloc a t ion in accor d ance w ith the regu l a ti ons of the I n ter n al R evenue Se rvi c e, t he cos ts of which s h a ll be spl it equa lly bet w een the C o mpany and Acqui r o r, and m ake a d et e r m ina t ion wi th res pect to the m a tt er w it h in t h i r ty (30) days, whi ch det e r mi n a t ion s hall be bi nding upon the Par ti e s. The T ax Al loc a t ion and a ll T ax R e tur ns (inc lud ing I RS Form 8594) sha ll be pr epared in a m anner consi st ent wi th (and t he p a r ti es shall not othe r w i se f i le a Tax R e turn pos i t ion incons i s te nt wi th) the Tax A ll oca tion un le ss r equi red by the Int e rnal R evenue Service or any ot her appl i c able Tax au tho r i ty. The C o mpany and A c qui ror shall not take any pos i t ion inc onsi s te nt w ith the T ax Al loc a t ion upon exa m inat ion of any Tax R etur n, in any refund c l a i m, in any l i t iga ti on, or ot h e r w ise.

2.5 T r an s f e r T a x e s. All Tr ans f er T axes inc u rr ed, i mposed or le v ied by rea son of, in connec t ion wi th or at t r ibutab le to this Agr e e m ent or the T ra n sa c ti ons s hall be bo rne 50% by the C o mpany, on the one hand, and 50% by the Acqu ir o r, on the o t h er. Acqui ror and the C o mpany sha ll use c o m m er c i a l ly reas onab le ef for ts to m ini m ize any Trans f er T a xes payable in connec ti on wi th the A sset Pu rcha se. The p a r ty r equi r ed by a ppl ica b le Law to f ile any Tax R e t u rn wi th r espect to such T ran sf er Ta x es shall f i le such Tax R e turn in the t i me and m anner re qui r ed by L aw and sha ll t i m e ly pay a ll Trans f er Taxes ref lec ted on such Tax R e t u rn, and the non-fi l ing pa rty sha ll r e i m burse the f i ling pa r ty for 50% of any T r ans fer T axes paid by the f i ling par ty wi t h in t en (10) B usi ness D ays of r e c e ipt of reasonab ly s a t isf a c tory ev i dence of the a mount of su ch T rans f er Taxe s.

2.6 W i t h h o l d i n g Ta x e s. N o t withsta ndi ng any t h ing he rein to t he con t r ar y, A cqu ir or and i ts Af f il iat es and the ir r e spe c t ive R epr es ent a t ives sha ll be e n t i t led to dedu ct and wi thho ld fr om any cons ide rat ion payab le or othe r w i se de l ive rab le pu rs u ant to this Agree m ent, inc l uding S e c t i ons 2.2 a nd 2.3, such a mounts as may be requir ed to be deduct ed or wi thhe ld the r e f r om und er any p rov i s ion of f ede ral, s ta te, local or f o r e ign Tax l aw or under any L a ws or O rde rs. To the exte nt such a mounts a re so deduc ted or wi thheld, such amoun ts shall be t re a ted for a ll purposes un der t h is Agree ment as hav ing be en pa id to the Pe r son to whom such amoun ts would othe r w i se ha ve been p aid.

Articl e II I

R E PR E S E N T A T I O N S A N D W ARRANTIE S O F T H E CO M P AN Y

Ex c ept a s s e t f o rth i n the dis c l o s u r e s c h e d u l e d eli v e re d by t he Co m p a ny t o Acq u ir o r on t he Ag r e e m e n t Date (t he “Di s c l o s u r e S c hed u l e”), t h e Co m p a ny h e re by re pre se n t s a nd wa rra n t s t o A c q u ir o r, a s o f t h e Agreem e n t Da t e and t h e Cl o s i n g Date, as t h ough ma d e at s uch C l o s i ng Dat e, a s f oll ows:

3.1O r gan i z a ti on and G o o d S t a nd i ng.

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(a) T he C ompa n y is a co r po r a ti on duly org anized, v ali dly e xisting an d in good stan din g under the law s of t he State of Calif orn i a. T h e C ompan y h a s the req uisit e corp orate po w er t o o w n, lease and op erat e its assets and properties a n d to carr y on its b usin ess a s c urre n tly cond u c ted. T h e C ompany is du l y qualifie d or licen sed to do bu sines s and i s in g ood stand i ng i n each ju risdicti on in w h ich the owne rsh i p o f the Tran sferred Ass ets or th e operati on o f the B usin ess as c urren tly cond u cte d r e q uire s s uch qu alific a tion, excep t w here t he failure to be so qu alifie d o r in good st anding has n o t b e en or w ould n ot reaso nab l y b e expe cted to have a M ateria l A dvers e Effect.

(b) T he C o m pany does not ha v e any S ub sid iaries. E x cept as p r ov i ded in S e c tion 3.1(b) of th e Discl osure Sched ule, no A ffiliate of the C ompany has any rig ht, titl e or intere s t in any Tran sferre d Asse t or any Lice nsed I P or be a r s any mat e ria l respo nsibilit y for any C ompany Lia bilit y, or oth erwise op era tes the B u sin ess.

3.2 A u t h o r i t y and En f o r c e a b i l i t y. The C o m p any has a ll requi s ite co rporate pow er and authori ty to ent er into t h is Agr eem ent and any R e lat ed A g re e men ts to which it is a pa r ty and to cons u m m a te (or ca use t he cons u m ma t ion of) the Tran s act ions. The exe cut ion and de l ivery by the C o m p any of t h is Agr eement and a ny R e lat ed Agree me n ts to w h ich the Company is a par ty, and the cons u m m a t ion of t he Transact ions, have been duly a u t hori z ed by a ll ne ces s ary c o rpo r a te and o ther act ion on t he p a rt of t he C o mpany and no f u rther corpor ate or o ther ac tion is requ ir ed on t he pa rt of t he Company to a u thor i ze this A g re e m ent and any R el a ted Agr eements to w h i ch the Compa ny is a p a r ty or to cons u m m ate any Trans act i on. This Agr eem ent h as been duly exec u ted and de l ive red by the C o m pany and this A g ree ment i s, a nd each of the R el a ted A g ree m ents to which the C o mpany is or w i ll be a par ty when exec u ted and del iver ed by the Company, and a ss u m ing the due au t hori zat ion, e xec u tion and de li very by t he other pa r t ies her eto and t h er e to, w i ll be va lid and bind ing obl iga t ions of the Company en f o rce able a gainst it in a cco rdance w ith t h e ir r e spect ive t e r ms, sub je ct to La ws of gene r al appl ic a t ion r e la t ing to bank rup tcy, i n sol vency, morat o ri u m, t he re l i ef of debtors and enf o rce m ent of c r edi tor s’ r ights in g ene ral (r egar d less of whe ther enf o r ce me nt is sought in a pr o ceeding at law or in equi t y).

3.3T i t l e t o and C o nd i t i on of T r a n s f e r r ed A s s e t s.

(a) T he C ompany i s the sole an d ex clu sive o w n e r of, and has g o od, ex clu sive and transfera ble title to, all o f th e Tra ns f e r red Assets and has the po w e r to s e l l the Tra nsferr ed A ssets fr ee and clear o f al l Liens purs uan t to this A g reeme nt. To the K no wled g e of th e C o m pany, n o Tra nsf erred Asset (i) is su bje c t to a n y mat e ria l Action or o uts tan ding O r der that re stric t s in any ma nn e r th e use, tra nsfe r o r lic en sing th ereo f or th a t may affect th e v a li dity, u s e o r enforc eability of a ny o f the T r ansfe rred Asse t s o r a ny rig hts o r rem ed i es re lating th ereto o r (ii) is o w ned o r h eld, in w hole o r in any part, by a ny Pers on other than th e C ompan y. A t the Clo sing, Acquiro r wil l obtain good and vali d titl e to the Transferre d Asse ts, free a n d clea r o f all Liens. T h e Transferre d Assets do n o t in clu de any sh ares in the ca pital of, o r an y o t her Equ ity I nterests in, any P erso n. All tan gible ass ets a nd p r op erties w hich are pa r t o f th e Tran sferred Assets are in good op era ting c ond ition a nd rep air, sub j e c t to n orm a l wear a nd te ar, are fre e fr om m a terial d efects, ar e reg ularly a n d pro p e rly mai ntained a nd a r e us a ble in t he ordin ary co urse o f bu s i ness o f th e B usin ess a s curr en tly condu cted.

(b) T he Tran sferr ed Assets to b e tra nsferred to Acq u iror a t the Closin g, tog eth e r wit h all of the Lice nsed I P and oth e r rig hts, lic enses, services, and b enefit s to b e pro vid ed to A cqu iror p urs ua n t to th e R e l ated A gre eme nts, (i) co nstitute a l l o f th e Asset s (ta ngible a nd i nta ngible, inclu ding I n t e llectu a l Prop erty Righ ts) th a t a r e (or du ring t he twelv e (12) mo nth s prio r to th e A g r e eme n t D ate hav e b een) use d i n, held fo r use in, necessary fo r or r e l ated to the c o ndu c t of t he B usin ess, and are s ufficien t to condu c t th e B usiness in sub stantiall y t he same ma n ner as such B usi ness b eing condu cted du ring th e tw e l v e (1 2) mo nths p rior to th e A gre emen t D a te.

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(c) Sched ule 3.3(c) o f the Disclosure Sched ule accu r ate l y sets o u t a lis t o f all Tra nsferred I nvento r y as o f D ecemb er 3 1, 2020, i nc l udin g th e ite m numb er, d e s cripti on, ap pro xim a t e amou n t remaining and other i nformation as reaso na bly av ailab l e to the C omp any. The Tra nsferr ed I nventory w a s man ufactured an d has at all time s bee n trans p o r ted and sto red i n acc orda nce with all ap p lica ble req uireme nts of any G o ve r n m e nta l E ntity a nd a p p lic a ble L a ws. T h e T ran sferred I nven t o r y i s su bst an tially similar to th e lev e l o f in ventory a s c u rre ntly m ainta i ned by TML S, su bjec t to reas onable ad j us tme nts, acqu isiti ons o r disp ositio n s, and a ny oth e r rele v ant a c tions, to acc o unt fo r any ch a nges to invento r y i n th e ordin a r y c ou rse of busin ess and as nec essary to a cco u nt for a ny force maj eur e events, in clud i ng COV I D-

19.

3.4 G ove r n m e n t a l A pp r ov a ls. No conse n t, no t ice, w a ive r, appr oval, O rder or aut hori zat ion of, or regi s t r a tion, de c la r a t ion or f i ling wi th any Gove r n men tal Ent ity, is r equi red by, or w ith r e spe ct t o, the C o mpany in connec t ion wi th t he execution and de li very of t h is A g ree m ent and any R e l a ted A g re e me nt to w h ich the C o mpany is a par ty or the consu m m a tion of the Transac t ion s, exce pt f or such c onse n ts, wai v er s, app rova ls, order s, autho r i zat ion s, reg i s t rat ions, decl a r a ti ons and f i lings which, if not obt a i n ed or m ade, would not m a t e r ial ly i mpa ir the C o mpa ny’s abil ity to consum m a te the T ran sac ti ons.

3.5 C on f l i c ts. The exec u ti on and del ive ry by t he Company of this A g re e me nt and any R el a t ed Agree me nt to w h ich the Compa ny is a pa r ty, and the consu m m a ti on of the T r ansa c tion s, w i ll not res u lt in t he crea t ion or i mposi tion of any Lien upon the Tra n s fer r ed A sse ts and the L ic ensed IP and w i ll not conf l i ct w i th or res u lt in any m a t e ri al b reach, vi o l a ti on of or def ault under (w i th or wi thout no ti ce or l apse of t i m e, or bo th) or gi ve ri se to a r ight of t e r m ina t i on, ca nce ll a t ion, mod i f i cat i on or ac cel e r a t ion of any right or obl iga ti on or loss of any benef it und er, or requ i re any not i ce, consen t, w a ive r, or appr oval und er (any such ev ent, a “C on f l i c t”) (a) any provi s ion of the Cha r t er D o cum ents of t he Com p any, as am ended, (b) any Law or O rder a ppl icab le to t he Company w ith res pect to the T ran sf e rred A ss e ts, the L ic ensed IP, or the Bus ine ss, or (c) any Tr ans f e r red Con t rac t, any Busine ss Pe r m it, or any other Tr ans f e r red Asset, or any Lien or Cont ra ct to which the Com p any or any of i ts A ff i l iat e s, to w h ich any of the Tran s fer red A ss e ts or Licens ed IP, a re bound or sub j ect, except, in the case of c l auses (b) and (c) above, where t he Conf li ct wou ld no t, indi v idual ly or in the agg rega te, be mat e r ial.

3.6 C o m p a n y F i n a n c i a l S t a t e m e n ts. The C o mpany has Made Ava il able to Acqu ir or i ts f inanc i al repo r t ing package as sub m i t ted to Gua ra n tor for the fi s cal year ended M ar ch 31, 2020, which cont a ins (i) the unaudi ted ba lance s heet of the C o m p any as of M a r ch 31, 20 17, M ar ch 31, 2018 and M a rch 31, 2019 and (ii) unaudi ted prof it and l o ss st a t e me nt for the t w e lve month pe r iods e nded M a rch 31, 2017, Ma r ch 31, 2018 and Mar ch

31, 2019 (the f inanc i al s tat e me n ts r e f e r red to in cl aus es (i) and (i i), the “F i n a nc i a l S ta t e m e n t s”). To t he Know ledge of t he Com p any, (A) t he Financ ial S t a t e men ts a re t rue and c o rr e ct in a ll m a ter i al respe c ts and ha ve been pr e par ed in acc o rdance w ith GAAP cons i s ten t ly app l i ed thr oughout the pe r iods ind i c at ed in a ll m a ter i al res pec ts; (B) the Financ i al S t a t e me n ts p resent fai rl y, in a ll m at e r ial r e s pect s, the operat ion of the Tr ans f e r red A s s e ts of the C o mpany and t he Bus ines s.

3.7I n te n t i on a l l y Om i t te d.

3.8 A b s en c e of C e r t ai n C h ang e s. Si n ce Mar ch 31, 2020, (a) no M a ter ial Adve r se E ff ect has oc cur r ed or a ri s en, and (b) the C o m pany has not t aken any ac ti on that wou ld be prohi b i t ed by S e c ti o n 6.2 if proposed to be taken or actua l ly ta k en a ft er the A g re e me nt D a te.

3.9T a x M a t t e r s.

(a) T o th e e xte nt th at fail ure t o do so w o uld ad v ers ely impa c t the Tr ansfe rred Ass ets, th e Lice nsed I P, or Acq u ire r’s o w nership o f th e Tra nsf e rre d Asse t s or o pe r a tion o f the B usin ess, t he C ompa n y (a) h as timely paid a l l Tax e s it i s re qu ired to pay a n d (b) has timely file d al l req u ired Tax R eturn s relatin g to a ny a nd all Ta x es con c e r ning or attrib uta ble to the Tran sferred Assets, t he Licensed I P a n d the B usiness

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and such Tax Ret u rns a re true a nd cor re ct in a ll mat e ri al r espects and co m p let ed in ac cor d ance wi th appl icab le L a w.

(b) T o th e e xte nt th at fail ure t o do so w o uld ad v ers ely impa c t the Tr ansfe rred Ass ets, th e Lice nsed I P or A cqu irer’s o w nership o f the T ransferred Assets or op era tion of th e B usin e ss, the C ompa n y has timely p aid o r with hel d with respe c t to B u sines s E m ploy ees (an d timely pai d o ver any with he l d amo u nts to th e approp riate Taxing a utho rity) all fe d e r a l and sta t e income ta x es, Federa l I n s uran c e C on trib u tion A ct, Federal U n emplo ymen t T a x Act a n d o t her payro l l Ta x es re qu ired to b e withh eld o r p aid.

(c)T here are no Lien s wit h respe c t t o any Taxes up o n any of t he Tr ansfe rred Asse t s or

Lic e n se d IP, o t h e r t h a n with r e s pe c t t o T a x e s n o t y e t d ue and p a ya b l e.

(d) To the e xten t ap plic ab l e t o the Tr a nsferred Assets, t he Licensed I P or the A c quirer’s o w nership o f the Tra nsferr ed Assets or o peration o f t he B usin ess, th ere i s no T a x defici ency o utstan din g, assessed or p r opo s ed a gai nst the C ompany, nor h a s t h e C o m pany ex ecu t ed any o utstan ding waiver of any statu t e of limitations on or extensio n of the pe riod fo r t he a ssessme nt o r c o llectio n of any Tax.

(e) T o the e xte nt ap p lica ble t o the Tran sferre d Assets, the L i censed I P or the A c quirer’s o w nership of t he Transf e r red Asset s o r op eration of th e B u sin e ss, (i) no au dit or other e x amination of a n y Tax R eturn o f the C o m p a ny i s presen tly in prog r e s s t o the K no wle d ge of th e C omp any, nor h a s the C ompan y b e en n o tified of a ny r eques t fo r such an aud i t or other ex a min atio n; (ii) n o a dju stm ent r elati ng to any Tax R e t urn filed by the C ompany h as b een pro po sed fo rmall y or, to th e K n o wledge o f th e C o m pany, inform a lly by any T ax au t h ority to th e C ompany o r a n y re pre sentativ e thereo f; a n d (iii) to t he K no wled g e of th e C ompany, no c lai m has e ver b e en made by an auth ority in a j u risdiction w here the C ompan y does not fil e Tax R eturns th a t i t i s or may be s u bject to tax a tion by th a t j u risdiction.

(f)N one o f the T r ansferred Asset s are “U nit ed States r e al pro perty inter e sts” as d efin e d in

Sec t ion 897(c) of t he Code.

3.10R e a l P r op e rt y.

(a) Se c t i on 3.10 o f the Di scl osure Sc h edu l e sets forth a true and complete list of all R e a l Prop erty cu rre ntl y lea sed, s ubleased or lice nsed b y th e C ompa n y th at is use d in th e B usin ess (su c h prop erty, the “Le a s ed R e a l P r o p e r t y”), inclu din g fo r each such L eased R e a l P r operty, th e ad dres s t hereof (t he “Le a s e A g r e e me n ts”). N o n e o f th e C ompany o r any of its Affilia tes o w n any Rea l Pro pert y th a t is u sed in th e B usin ess.

(b) All Lea s e A greeme nts are va lid and effe c tive in a ccordan c e with th eir resp e c tiv e te rms against the C o m pany, a n d, to the K no wledge o f the C ompan y, the oth e r parties t hereto, and th ere is n o t, under any of such le ases, a ny ex isting d efa ult, (o r ev e nt w hic h wit h no tic e or lap s e of time, o r bo t h, w ou l d constitu t e a de f au lt) by the C ompany, a nd, to the K n o wledge o f th e C ompany, the o t her p a rtie s th ereto. T he Leas ed R e a l Pr o perty i s in go o d op era ting con diti on, su bjec t to n o rma l wear and tear, and o t herwis e su ita ble for t he cond uct of t he B u sin e ss in al l material respe cts. N e ither t he op erati ons o f the C o m pany o n the Lea sed R e al Pro perty n or su ch L eased R e al Pro perty, inclu ding th e improv ements th ereo n, vio late in any m a t eri al respect any a ppli cable l ease, bu ilding c ode, zo ning req uireme nt o r statu t e relating to such prop erty or o perations th ere on.

3.11I n te l l e c t u a l P r o p e r t y.

(a) R e gi s te r e d I P. Se c t i on 3.1 1(a) o f t he Disclosu r e Sch e dule s e t s forth a cu rre nt, comp let e, and co rrec t lis t of al l Reg istered T ran sfe rred I P, in each ca s e listing, a s ap plica ble, (i) the n ame o f the

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appl icant or r egi s t rant and cur rent owne r, (i i) count ry where t he appl ic a t ion or r egi s tr a t ion is l oca ted, (iii) the t i t le and app li c a t ion or regi s t rat ion nu mbe r, and (i v) the f i ling dat e, and i ss u a nce, re g i s t r a t ion, or gra nt dat e; (v) the s t a tus of such i tem. W i th res p e ct to ea ch i t em of Reg i st e red T r ansf e r red IP all ne cessary regi s t r a tion, m a intena n ce and r enew al fees and ta x es due have been pa id, and a ll necessa ry docu men ts and cer t i fi c a tes have be en f i l ed w ith the U.S. Pa tent and Tradem ark O f f ice, C opyr ight O ff ice or ot h er r e leva nt Gover n men t al Ent ity, as t he case may be, for the pu rposes of re g i s t e ring, m a intai n ing and r enew ing, as appl icab le, such Reg is t e r ed T rans f e rred IP. As of the Agree ment D a te, exc ept as s et for th in S e c t i on 3.1 1(a) of the D isc losu re Sc h edu le, to the Knowledge of t he Compa ny, t here is no pendi ng, and the re has not bee n, any m a ter i al A c tion as to which the Company r e cei ved wr i t ten not ice, c h a l leng ing the use, owne rs h ip, val idi ty, en force abi l i ty or r egi s t r abi l i ty of any R e g i s t er ed Tra n sf e r r ed IP, exc ludi ng of f ice a c t ions re c e ived in the o rdi nary cou rse of p rosec u ti on. All of t he Trans fe r red IP and Licens ed IP is sub s i s t ing, and, to t he Know ledge of t he Com p a ny, not i nval id or unen force able (o ther t han pend ing app li cat ions the re o f), and to the Knowl edge of t he Company, t h e re are no f a ct s, c i r cum s tance s, or inf o r mat ion that would render any of the T rans f e rr ed IP or Li censed IP inval id or une n f o rc eable.

(b)I n te n t i on a l l y l e f t b l a n k.

(c) E m p l oye e s and C o n tr a c t o r s. Each cu rren t and fo rm er emplo yee, officer, d ire ctor, a n d inde p ende n t co ntra cto r o f t he C ompany w ho is or has been inv olv e d i n the crea tio n, dev e l o pme nt, writing, inve nti on, con cep tion or d iscov ery of th e Tra nsferr ed I P or Licensed I P has ass i gned ex clu siv ely to th e C ompan y al l I ntell e ctu a l Property Rig hts created, develo ped, writte n, in ven t e d, create d, co nceived, o r disc o ve r ed by such emplo y ee, officer, d ire ctor, or in d epend e nt co ntr act or, as a p plica ble, in th e sco p e o f such emp l oy m ent o r serv i ce and su c h Pers on has a greed n o t to use or disc l ose any co nfi dentia l o r prop rietary information o f t he C omp any exce p t as au t hori zed by the C omp any. T o the K no wled g e of th e C ompan y, th ere h a s been n o unauth ori zed disclosure b y any employ e es, offic ers, dire ctors, c ons ult an ts, or con tracto r s of th e C omp a ny of any Trade S e crets i nc l u ded in th e Tran sferre d I P or Licen sed I P that w ould compromise the con fiden tiality o f su ch Trade Secrets o r th eir statu s o r pro tec tab ility as Trade Secrets u nd e r app lica ble Law.

(d) N o R em u n er a t i on. T o th e K no wledge of the C o m pan y, the C o m pany does not o w e any comp ens ati on or r e m un eration th a t a r e paya ble to a curre nt o r fo rme r emp l o y ee, o ffic er, dire c t or, or inde p ende n t co ntra c t o r in r elatio n to any Transf e rred I P or L i cen s ed I P (oth e r th a n amou nts owed as p a r t of salari es f or a ny such e m ploy ees, officers, or dir ect ors i n th e o r din ary cou rse o f business) i n any material respec t, inclu ding am oun t s o wed to e m plo y ees unde r ap pli cable Laws re g ard i ng em plo yee inve n tion assi g nme nt, and in clu ding with r esp ect to an y Pat ent i n the Tran sferre d I P or Lic ensed I P th at is b ased o n an inv e n tion o f, or C op yrig ht in the T ran sferred I P th a t is ba s ed on a n y Techn olo g y of any curre nt o r form er employ e e, o fficer, d irecto r or in dep e nde n t co ntractor o f th e C o m pany.

(e) T i t l e. T he C omp a ny s olely and e xc l u siv ely o w ns th e Tran sferred I P free and cle ar o f a l l Liens, an d has a v alid rig h t to assi gn to A cquiro r a l l ri ght, title and i nteres t in a n d to the Tra nsf e rred I P. T he C o m pany or o ne o f its Affiliat es e ith e r owns or has a valid rig ht in o r to the Lic e nsed I P to gra n t t o A cquir or and its A ffiliat es the ri gh t s and licenses set forth in Article V. Foll o wing th e Clo sing, a l l Tran sferred I P shal l b e full y tran sferab l e and alie nab l e by t he A cquir or, and no n e of the C omp a ny, an y prio r o w ner, or any inv e nto r of su c h Transf err ed I P wil l retai n any rig h t or i nterest in or to the T ran sferred I P. To th e K no wl edge of t he C ompany, t he r e are no facts, c ircumstances or in f ormation th a t w o uld o r rea s ona bly c ould be e xpecte d to a dv ersely affec t, limit, r estrict, im pair, o r imp ede th e ability of the A c qu iro r to use, p ractic e and oth e r wise exp l o i t the T ran sferred I P or Licen sed I P upon the Closing in the same mann e r as cu rre ntly u sed, practic e d and o t herwise ex ploit ed b y th e C omp any in th e B usi ness. T he C omp any has not re ceiv ed any written n otic e o r cla i m ch alle ngin g th e C ompan y’s sole and ex c l usive own ership of any Tran sferred I P or L i cen sed I P.

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(f) N o I n f r i ng e m e n t by B u si ne ss. T o t he K n o wled ge of th e C ompany, t he B us i ness, i nclu ding the r esearc h, design, dev e l opment, use, ass embly, t esting, ma r ke ting, promo tion, bran ding, q ualific a tio n, ce rtification, co n figu r a tion, inst a lla tion, in teg ration, imp lemen t a tion, so urcing, proc ureme nt, op eratio n, licen sing, d istrib u tion, s ale, fulfillment, main ten a nce, supp ort (in clu ding warra nty servic e) and co mmerc ializa tion of the B usin ess P r odu cts: (i) d oe s not an d has n ot in fringed, misap pro pri a ted, or oth erwis e vio lat ed a ny I n t ellectu al Pro p e rty Rig hts or oth e r rig hts of any t h ird p a rty: and (ii) d o es not and has not co n stitu t e unfair comp e tition or tra de pra c tices u n der the ap pli cable La w s of any relevan t ju risdiction. A s o f the da t e of this A gre eme nt, th ere is no Action pen ding or, t o the K no wle dge o f th e C ompan y, threaten e d ag ainst th e C ompany (i) a lle ging th a t the B u sin ess i s infrin g i ng, misap pro pria ting, or vio l a ting th e I ntellectu a l P r ope rty Righ t s o r oth e r ri gh t s of any P erson, or co nstit u t es u nfair c omp etiti on o r trad e pra ctices, o r (ii) c hall enging th e C o m pan y’s o w n e r s hip o f any Tra nsferr ed I P or L icen s ed I P.

(g) N o I n fri n g e m e nt o f B us i n e s s I P. To the K no wledge of the C ompan y, no Pe r s on has in frin g ed, misap prop riated, or otherwise vio lat ed, or is curr ently in frin ging, misap prop riatin g, or oth erwi s e vio l a ting any Tran sferr ed I P or Licensed I P. The C ompany h a s n o t sent any n otic es a lle ging any o f the fore goin g, or o ffer s to lice nse any Transferred I P or L i cense d I P.

(h)I n te n t i on a l l y Om i t te d.

(i) O pen Sou r c e So f t w a re. S e c t i on 3.1 1(i) of the Disclo s ure Sc hed ule co ntains a c omp l e t e and c orrect list of al l m a teri al O pen Sou rce S oftw are it e m s th a t are inc orp orated into, i nte grated or b und led with, link e d with o r o t h erwise u s ed in any B u sin ess P r oduct. T h e C omp a ny has o perated t he B usi ne s s in compli ance with the te rms and con ditio n s of all ap p lic able O p e n Sou r ce Licen ses to w hich a ny So ftwar e in cluded in the B usiness P r oduct is su bje c t in a l l material respects.

(j) B ugs a nd D e f e c ts. To th e K no wledge o f th e C ompa ny, the B u sin e ss P r odu cts perf o r m sub stantiall y in ac c ord ance with th e fun cti on a l spe cific a t i ons and d ocu men t a tion provid ed to c u stomers o f the C ompan y. The C ompa n y has n o t re c eived n otice o f and do e s not have K no wled ge of an y m a t eri al b u gs, errors, non-con f o rmiti es, o r other pro blems o r issues with res p e c t to the B usi n ess Produ cts, exce pt as rep orte d and r esolved in th e ordin ary cou rse o f b us i ness with o ut materi al liab ility t o t he C omp a ny. T h e C ompan y has tak e n reaso nable ste ps and imp l emented rea s ona ble proc e dure s (bas ed on stand ard indu str y practice s) t o en s ure th a t the B usin ess Produ cts are free fro m viru ses and oth e r d isa blin g co d es.

(k)I n te n t i on a l l y l e f t b l a n k. (l)I n te n t i on a l l y l e f t b l a n k.

(m)I n te n t i on a l l y l e f t b l a n k.

(n) N o G ove r n m e nt Fun d i n g. N o gov ern m ent f und i ng, f acilities or r eso urce s of a G overnme nta l En tit y, u niv ers ity, c o lleg e, or oth e r e d u c ati on a l instituti on or rese arc h ce nter w a s u sed i n th e deve l op m e n t of a ny B u sin ess Pro d uct and no G o vern m enta l E ntity, u niv ersity, co llege, or other e duc ati on a l in stitu tion o r r es earc h cente r has any cla i m or rig ht in o r to any B u sin ess Produ c t o r Tra nsferred I P.

(o) I nbound L i c e n s e A g r e e m e n ts. Se c t i on 3.1 1(o) o f t h e Dis closu r e Schedu l e s e t s fo rth a complete and co rre c t lis t o f a l l I nbound Lic ense A greeme nts th a t have been e ntere d into in c onn e c tion with the B usin ess, exclu ding th e Nidek-T op c on P ate nt Lice nse A gre eme n t and for listi ng p urpose s o nly th ose license s to the C ompany gran t ed by emplo y ees or co nsu lta nts of th e C ompan y pursu ant to employ e e o r consulta nt Sta nd ard F orm I P C on tracts in th e f o rms w hich have b een disclo s ed to A cquir or p rior to Closin g.

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(p) O u t b o und L i c e n s e A g r e e m en ts. S e c t i on 3.1 1(p) of th e Disclosu r e Sc h ed ule se t s fo rth a complete and c o rrec t lis t o f al l O u t bound Lic ense A g r eemen ts, e x c l u ding fo r lis ti ng pu r pos e s o nly tho se: (i) exp r ess non-ex clu sive licenses u nder a Sta nd ard F orm I P C on trac t fo r B u siness P r odu cts gra nted t o C ustomers of the C ompa ny in the ord i nary co urse of bu sin ess; and (ii) sta nd-alone n on-dis clo su r e agre e men t s th a t do no more than gra nt to t h ird pa rti es limited sc ope and u s e ri gh t s with resp e ct to the Tra de Secrets in t he T ran sferred I P for the limited pu r pose s set fo rth th e r ein a nd w h i c h do not a lloc ate rig hts materially d ifferentl y th an i n the C ompany’s S t and ard Form I P C o ntracts.

(q) B u si n e s s L i c e n s e A g r e e m e n ts. All I nbo u nd Licen s e A greements and all O utb o und License A gre ements (to geth er, the “B u si n e ss L ic e n s e A g r e e m e n ts”) t hat are Transf e rred C ontrac t s are i n full fo r ce and effect, and en f orc eable in a ccordan c e with th eir te rms. T he r e i s no ou t s tand i ng disp ute or d isa gre emen t with resp ect to a ny B u sin ess Licen s e A gre e ment. T he C ompa n y and, to t he K n o wledge o f t he C ompan y, any oth e r p a rty to any B u sines s License A greem ent, i s n o t in breach or d efa ult o f an y B u sin ess Licen s e A gre ement. N o thir d p a rty w ho h as li censed any T ra nsferr ed I P from, or m a terial I ntellectu a l Prop erty Righ t s used in the B u sin ess to, th e C omp a ny, as a p plica ble, has own ership ri ghts or lic en s e rig hts to mo dificatio ns o r improv ements ma d e by th e C o m p any i n th e tec h nolo gy e m bodyin g such I ntellectu a l Prop erty Rig hts.

(r)I n te n t i on a l l y o mi tt e d.

(s) E ff e c t s of t he T r a n sa c t i o n. Neith e r th e e xec utio n, de live r y and p erform ance of th i s A gre ement, the R elated A gre eme nts and such oth er a gree m ents, documents and in strume nts to b e executed and d elivered after the A gree m ent D ate, n o r th e co nsummation o f the tr ans actions contemplated h ereby or the r eby wil l violate o r res ult in the bre ach, mo dific ati on, ca nc ell a tion, te r minati on or suspen sion of, acceleration of a ny p a yments und er, or ex p ansion or tra nsfe r of any I ntellec t ual Pro pert y Righ t s und er, any B usin ess Lic e nse A greeme nt, e x cep t a s w o uld n o t re asona bly be e xpe cted to h ave a M ateri al A d vers e Effe c t. E xce p t as a resu l t of any C o ntr a cts, d uti es o r obli ga tio n s that Acq uir or i s sub j e c t to pri or to th e consu mmation of the transac tions co ntempla t ed by t h e Tra nsa c tion A greements, ne ith e r the ex e cution, de liver y and p erf o rma n ce of this A g r e eme nt, th e Related A g reements and such other ag reements, docu m en t s and in strume nts to be exec uted a n d deliv e r ed a fter the A greemen t Dat e nor t he co nsumm a tio n of the tran sactio n s c on t e m plat ed hereby and th ere b y, n or a ny C o ntr a c t to w hich th e C o m pany i s a p arty o r oth erwis e bo u nd, wil l c aus e or re qu ire (o r p urp orts to cause or requ ire) A c q u iror to: (i) gra nt to any oth er Pe r son a ny li cen se, cov e n a nt not to s ue, a uthorit y, immu nity or oth e r rig ht with respect to or und e r a n y Technology or I ntelle ctual Prop ert y Ri gh t s o w n e d by A c qu iror i ndep e n dent of the transacti o n s contemplated by th i s A greemen t; or (ii) be o blig ate d to pay an y royaltie s or other amou nts, or off er any disc o un ts, t o any oth e r P ers on.

(t)L ic e n se d P a te n t s; Su f f i c i e n c y. Sub j ect to t he g r ant of license by Ni dek un der Sec tio n

2.1(b)(i i)H, the r igh ts to T e chnol ogy t hat t he Com pany have under t he Inbound L ice n se Agr e e men ts and the Techno logy l icen sed pu rsuant to A r t i c le V of t h is Agre e me nt cons ti tute a ll of the T echnology us ed in

or n ece s s a ry for t he condu ct and oper a t ion of t he B u siness (in the m anner as t he Bus iness is cur ren t ly

conduc ted and cur ren t ly cont e mplat ed to be conduc ted), the u se of the T ra n sf e r r ed A sset s, a nd for A cqui r or to m a rke t, li cens e, s upport and m a i n ta in the B usi ness Pr oduc ts a f ter C l o sing in sub st ant ia l ly the s a me

man n er as ma r ke ted, lic en s ed, sup p o rted, o r main taine d pri or to t he Cl osi ng.

(u) P ri v a cy and S e c u r i t y. To t he K no wle dge o f the C omp any, n eit her th e e xec utio n, deliver y and p erform anc e of this A greement, n o r t he lic ense of th e L i cen sed I P, nor th e tr an sfer of a l l of the Tran sferred Assets, in clu d i ng al l d ata and oth e r info rm a t i on, i nc l udin g P riv ate D a ta, relating to C ustomers and al l non-C ustome r user s of the B u sin ess S ites and of oth e r B usin ess Pr o du c ts, fro m the C ompan y to A cquir or wil l cau s e, con stit ute, or resu l t in a bre ach or vio lation of any P riva c y Law or a ny B usin ess P riva c y Poli cy. C o pies of all B usi n ess Privacy P oli cie s h a ve b een M ade A v a ila ble.

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(v) S ta n f o r d A g r e e me n t. The C ompa n y does n o t o w e an y roy alty p a y men t s to S tanford a n d does not h a ve any o bligati on to pay any ru n ning ro yaltie s or other simila r amo unts un der th e Sta nford A gre emen t based upon th e gra n t or any e x e r cis e of rig hts un d er th e Nidek-TML S Sublic ens e A gre eme n t for the sa l e of License d Pro ducts (a s d efined i n th e Nid ek-TMLS Sub lic ense A greeme nt) by Nid ek.

3.12M a t e r ia l C on t r a c ts.

(a)Se c t i on 3.12(a) of th e Disc l osure Sc h ed ule list s each o f the follo wing C on tra cts, t o w hic h the C ompan y is a p arty and is i n effe c t a s of the A gre e ment D ate (such co ntra c ts, th e “M a t e r i a l C o n t r a c t s”):

(i) any C on tra c t t hat is with a C ustome r w ho p aid ag greg ate c on sid eration to t he C ompan y fo r g oods or services r end ered in an amo u nt greate r than $200,0 00 for the mo s t recent fiscal ye a r o r a Top S upp lier;

(ii) any C on trac t th a t relates to the B usin ess, the B u sin ess Produ cts, th e Transferred A ssets, the Licen sed I P, or the B usi ne s s Emp l oye e s that pa yments by or to th e C ompan y o f more than $1 0 0,000 p e r yea r in t he agg r egate, other than agreeme nts with B u sine s s E m ployees, i n each case canno t b e cancelle d witho u t pe n a lty o r wit hout m ore than nin ety (90) da ys’ n otice;

(iii) any C o ntr act p ursu a nt to w hich the C ompany i s b o und t o o r has committed t o prov i de any B u sine s s Pro d uct or Tr an sfe rred I P t o a n y thir d party on a mo s t fa v ored n atio n basi s or simil ar terms;

(iv) any C o ntra ct pu rsua n t t o w hich the C ompany is b o u nd to, or has c ommitted to prov i de o r lic ens e, any Bu sine s s P r odu c t o r Tr ansferre d I P t o an y t h ird p art y on a n ex clu sive basis or to acq uir e or license a ny produ c t o r s ervice o n an exclu sive basis fro m a third p arty;

(v) any C on tract re lat ed t o th e B usiness, th e B usi ne s s Produ cts, the Transferred A ssets, th e L i cen sed I P or t he B usi ne s s Emplo yees im posin g any restrictio n on th e ri ght o r a b ility of the C omp any or it s Affilia tes: (A) to enga ge i n any business pra cti ces o r o t her activ ities, (B) t o comp e t e with any oth e r P e rson or to en gage in a ny line of bu sin ess, ma r ket or geo grap hic are a, or to s e ll, lic ense, man ufa ctu r e or oth erwis e distribu t e a n y of t he B u sin ess Prod u c ts, or fro m pro vid i ng servic es, to C ustomers o r p ote ntial C u stome rs, in any geog raph i c area, d urin g an y period of time, or in any se g ment of the m arket; (C) to soli c i t the emp l oymen t of, o r hire, any po t e nti al emp l oyee s, consulta n t s o r i nde p ende n t co ntractors, oth er th an agre eme nts wit h B u sin ess Emp l oye es; (D) to acqu ire any p r odu ct, prop erty o r oth e r asset (tan gib l e o r intan gible), or any services, fr om any o t her Pe r so n, to s e l l any produ c t or o t her asse t to o r p erfo r m any s ervic e s fo r any other Pe rson o r to transa c t b usiness or dea l in any o t her ma nn e r with any oth e r P erso n; or (E) to dev elop o r d istrib u t e any softw are o r t ech n olo gy;

(v i) any C o ntract r elated t o t he B usin ess th a t is a co lle c tively ba r ga i ned ag reeme n t o r similar C o n tra ct, i n clud i ng any C on tract with any u nio n, w orks coun cil or simila r lab o r e ntity;

(v ii)any C on tra ct th a t i s a L ease A greement;

(v iii) all C o n tracts th a t relate to the B u sin ess, the B u siness Produ cts, the Transferred A ssets, th e Licen s ed I P or t he B usi nes s Emplo yees re lati ng to th e s ettlemen t o r o t her r esolution of any A c tio n;

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(ix) all C o n tracts th a t relate to the B u sin ess, the B u siness Produ cts, the Transferred A ssets, the L i cen s ed I P or th e B u sin ess Employ e es in v o l ving or in co r pora ting any g uara nty, p l edge, perf o rmance o r c omp l e tion bond, i nd emn ity o r s urety arra n g ement;

(x) all C o n tracts th a t relate to the B u sin ess, the B u siness Produ cts, the Transferred A ssets, the Lice nsed I P or t he B usin ess Emplo yees cre ati ng or relati ng to any par t nership or jo i nt venture o r a n y sh ari ng of re venues, profits, lo sses, co s t s or lia b iliti es;

(x i) all C o n tracts th a t relate to the B u sin ess, the B u siness Produ cts, the Transferred A ssets, the Lice nsed I P or the B usin ess Emplo y ees in volving p urchase or sale of any prod u ct o r oth e r a sse t by o r to, or the p erfo rman c e of any servic es by or for, any I n terest ed P arty;

(x ii) all C o n tracts th a t relate to the B u sin ess, the B u siness Produ cts, the Transferred A sset s o r t he Lice n sed I P constitu ting or rela ting to any (A) p r ime con tra ct, su bcon tra ct, lett er con tract, p urchase order or d eli ve r y o r der e x ecute d or su bmitted to o r on beh alf of any G overnme nta l E n tit y or a n y prime co ntra cto r o r h i g h er-ti er s ubco ntractor, or u n der w hich a ny G overnme nta l E ntity or an y su c h prime co ntractor or subco ntrac t or oth e r wise h a s or may ac q u ire any ri ght o r inte r e st, or (B) quo t ati on, bid o r pro pos a l s ub mitted t o any G ov ernme ntal E ntity or any propo s ed prime con tra cto r or h i gh er-tie r su bco ntr act or of any G over n m ental E ntit y; and

(x iii) any oth er C o ntrac t th at r elates to the B u sin ess, th e B usin ess Prod u cts, the Tran sferred A ssets, the L icensed I P or the B u sin ess Emp l oyee s und e r w h i ch th e conse q uen ces o f a d efa ult or t e rmin a tion w o uld re asonably be expect ed to cause a Mat e ria l A dv erse Effe ct to th e B usin ess, Tran sferre d Assets, Licensed I P or th e Po st-Closi ng Acq uiro r L i ab ilities.

(b) T he C o m pany has Mad e A vail abl e true, corre ct an d comp lete co pies of al l Ma terial C ontra c t s, in clu ding a l l a mend men t s in e ffec t as of th e A gre e ment D a t e th ereto. E ach Mate ria l C o n trac t i s va lid and in full fo r ce and eff ect and is enforcea ble b y the C omp any th a t i s a party th ereto i n acco r dan c e with it s terms, su bject to Law s of ge nera l app lic a tion re lating to b ankrup tcy, insolven c y a n d t he relie f o f debtors; and rules o f law g overning sp ec ifi c pe rfo rma nce, injun cti ve relief and other e qu ita ble reme die s T he C ompany has n ot violat ed or breach e d in any materi al r espect, or c ommitted any materia l d efa ult und er, any Materia l C on tra c t and, to the K no wledge o f the C ompan y, no oth er P erson t hat i s pa rty to a M a teria l C ontra ct has violated o r b r each e d in any materia l respect, or c o mmitted a ny mat eria l d efa ult und er, s uch Mat e rial C on tra ct. T o th e K no wledge of the C ompan y, no e v ent has occ u rred, and no circ umstan c e o r cond iti on e xis ts, that (with or with o ut n otice or lap s e of time) wil l or c ould re asonably be e x pe cted t o: (i) resu l t in a materia l violation o r breach o f any of th e pro visi ons of a ny Materi al C on tract; (ii) give a ny Pe r son th e rig h t to d ecl a r e a d efa ult or ex ercise any re medy und e r an y Mat e rial C ontr a ct; (iii) give any Pe r son the ri ght to acc elera t e the matu rity or p e rfo rmance of any Mat e rial C o n tra c t; or (iv) g i ve a n y Per son the rig ht to canc el, termin ate o r mod ify a ny M a terial C ontract. A s o f t he A g r e eme n t D ate, the C omp a ny has n ot received any writte n n otic e reg arding any actual o r alle g ed viola tion or b r each of, or d efault un der, any Materia l C on tract. T h e C ompan y has n o t w a i v e d any of it s ri gh t s und e r any Materi al C o ntract. N o Pe r son has threate ned t he C ompan y to termin ate or refu s e to perform it s o blig a tions u nd e r any Materia l C ontra ct in any materia l res pects. N o Pers on has su b mitted written n o tices to ren e goti a t e any amou n t p aid or p aya ble to t he C ompan y und e r any Material C on trac t o r any oth er m a t erial t e r m o r pro vision of a n y Mat e rial C on tra ct.

3.13E m p l oyee B e n e f i t Pl a n s.

(a)Sc he d u le. S e c t i on 3.13(a) of th e Disclosure Sch e d ule co ntai ns a list of e a ch materia l

Em ployee P l a n.

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(b) D ocu m e n t s. T h e C ompa n y has d elivere d t o A cq uiro r co pie s o f (i) e a ch Emplo yee Plan th a t h a s b een redu c ed to writing a nd all amen dme nts t hereto, (ii) a su mmary o f t h e materi al term s o f e ach Emp l oyee P l an th a t has n o t been redu c ed to writi ng, i nclu ding all amen dme nts t hereto, (iii) th e s u mmary plan d escription for each Emp l oyee P l an su bjec t to T itl e I of E R I S A, and in the cas e of each oth e r Employee Plan, a ny similar emplo yee su mmary (in clu ding b u t n ot limited to any em plo yee handbook de s c rip tio n), and (iv) a l l in s ura nce co ntr acts, ad min istrative s ervic e s con tracts, tru s t agr e eme nts, inve s tmen t ma n agemen t agre e men t s or simila r a greements main tain ed i n conne c t i on with a n y Emplo yee P l an.

(c) E m p l oyee P l a n C o m p l ia n ce. To th e K no wledge of the C ompan y, each Emp l oyee Plan has been admi nistered in a l l m ate ria l respects in ac c ord an c e with t he t e rms o f such p lan and th e pro visio n s of any ap plicab l e Laws, in clu ding witho u t limita tion E RI SA and the C ode. Al l co n trib uti ons, p r emiums a n d oth e r amo u n t s d u e to or in connecti on with each Emp l oyee Plan u n der t he term s of the E m plo y ee Pl a n o r app lica ble Law s h a ve b e en timely made, except as w o uld n o t ha v e a Mat e ria l A d v erse Effect.

(d) C e r t a i n E m p l oy e e P l a n s. N o Emp l oyee Plan: (i) i s su bje c t to the min imu m fun ding stan d a r d s of S e c tion 302 o f E RI SA or Section 4 1 2 of th e C ode; o r (ii) is a “mu lti-emp l oyer plan” (a s de fin e d in Se c tion 3(37) of E R I S A). Exc e pt as w o uld n o t h av e a M a terial A dverse Effect, th e C ompany has no t: (A) with dra w n fro m a ny pe nsion plan und e r circumsta nces resu lti ng (or ex pe cted to resu lt) in liabilit y; or (B) e n gag e d in any tr ansa c tion w h ich w o uld give rise t o a liabilit y und e r S e c tion 4069 or Sectio n 421 2(c) of ERI S A.

(e) N o Po st-E m p l o y m e n t O b l i g a t i on s. Oth er t han a s req uire d und e r Sectio n 4980B of th e C ode or other ap pli cable Law, no Emplo yee P lan provides p ost-termination or retiree or p ost-emp l oy ment life in s ura nce, h ealth or d e ath ben e fits to any person (other th an de ath be n e fits w hen ter min ation occu r s upon d e ath).

(f) E ff e ct o f Tr a n s a c t i on. N eith er t he e x ecution and d elivery o f this A greement, nor th e consu mmation o f the T ransac tio n s (alone o r in co n n e c t i on with a dd iti on a l or su bsequ e nt e v en ts) or a ny te rmin ation of emplo y ment or s ervic e i n co n nectio n t here with, wil l (i) r esult in any p a y ment (i ncl ud i n g sev eran ce, g olden parach u te, bonus or oth erwis e) b e c omi ng due to a ny B u sine s s Emp l oyee, (ii) resu l t i n any forg i ven ess o f in deb t e d ness, (iii) in c rease any b enefits otherwise pay a ble b y th e C omp a ny or (i v) result in t he acc eleration of th e time o f pay m ent or vesti n g of any s uch ben efits e xcept as re q u ired u nd e r Section 4 1 1(d)(3) o f th e C o de, in eac h case e x cep t as w ould n o t ha v e a Mate ria l A dvers e Effect.

(g) T he re presentatio n s and w arranti es set forth in this S e cti on 3.13 ar e th e C ompa n y’s s ole and exclusiv e re presentatio ns and w arr an tie s re garding employ e e be nefit matters.

3.14E m p l oy m ent M a t t er s.

(a) T he C ompa n y has made a v ailab l e to A cq uiro r a list of a l l curr ent employ e es, in d e penden t con tracto r s or co nsu ltants o f th e B u sine ss.

(b) C o m p l i a n ce wi t h E m p l o y m ent L a w s. S olel y with respect t o the B u sin ess Employees, th e C ompan y i s in c omplian c e, in a l l mate ria l resp e cts, w ith all ap pli cable Law s resp ecting em plo yme nt and emplo yme n t pra ctices t o t he e xten t th e y rel ate t o t h e B u sines s Employ ees, except to t he ex t ent non- compli ance w ould not resu l t in a M aterial A d verse E f f ect.

(c) L a bo r. T he C omp any do e s not have K no wledge o f a ny ac tiv iti es or proce edi n g s of any lab o r u nion to o r ganize any B usin ess Employees.

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(d)T he re presentatio n s and w arranti es set forth in this S e cti on 3.14 ar e th e C ompa n y’s s ole and exclusiv e re presentatio ns and w arr an tie s re garding emplo ymen t ma tters.

3.15 Pe r mi ts. The Company has been is sued or g ra n ted all Per m i ts that a re u sed in, held for use i n, nece s s a ry f or or r e lat ed to the conduct or ope r a ti on of the Bus ine ss or the T ran sf e rred A s s e ts, exce pt f or any such Per mit where the fai lure to have been is sued or gran ted such Pe r m it would not be m a t e ri al to the Bus ine s s, the T rans f e rred A s s ets or t he Post-C los ing A cqui r or Li abi l i t ies (the “B u s i n e s s P er m i ts”); pr ovi d ed that “B u s ine ss Per mi ts” sha ll not inc lude any Licens ed IP P e r m i ts. Such Bus ine ss P e r m i ts a re in full f o rce a nd e f f ect and no such Busine ss Per m it is sub ject to any t e r m, p rov is ion, c ond i t ion or l i mi ta t ion w h ich m ay adve r sely change or t e r mi nate such Bus ine ss Pe r m it by vi rtue of the c o m p l e tion of any of the Trans a c t ions. The Compa ny has be en and is in com p l iance wi th t he te r ms and condit ions of s u ch B us iness Per m it in all m a t e ri al res pec t s. The C o m pany has not rece ived any w r i t ten no ti ce of any br each, v i o l a tion or defau lt unde r, or wi th r espect to, any such Bus iness Pe r m it.

3.16 L i t i g a ti o n. Ex cept for t he E ll ex Cl a i ms, there is no, a nd, f or the last three (3) year s, there h as not been, any (a) mat e r ial A c tion of pe ndi ng or, to t he K now ledge of the C o mpany, threa ten ed aga inst the C o mpany, its p roper ti es and a ss e ts (t a ngible or int ang ible), or any of i ts of f ice rs or d i rec tors (in the ir c apa c i t i es as such) r e la t ing to t he Busines s, t he Tran sf e rr ed A ss e ts, the L icensed IP or any Po st-C los i ng A cqui ror L iab i l i t ies, or (b) gover n m ent al inqu iry or inves t iga ti on pend ing or thr eat ened a g ai n st the C o m pany, i ts p rope r t ies and a ss e ts (t angible or intangibl e), or any of i ts of f i cers or d i r ectors (in the ir capaci t ies as suc h) (includ ing any inqui ry as to t he qua l i f ica t ion of t he Com pany to hold or r e ceive any l icen se or pe r m i t) rel a t ing to the Bus ines s, the T rans fer r ed Asse t s, t he Li c ens ed IP or any Pos t-C los ing A cqu i ror L ia b i l i t ies. No Gov er n me n t al Ent ity h as at any t ime chal lenged the legal right of t he Company to conduct the Business as pr e se n tly conduct ed.

3.17 I n s u ra n c e. S e c t i on 3.17 of the D isc losu re S chedu le l i s ts a ll m a t e r ial ins u rance poli cies and f idel i ty bonds m a intai n ed by or on beha lf of t he C o mpany that rel a te to the Bus iness in ef f ect as of t he Agr e e ment D a te.

3.18C o m p l i a n ce wi t h L aws.

(a) G e ner a l. The C o m pany h a s fo r the p ast three (3) y ear s complie d with, and is c u rren tly i n compli ance, in a l l mate ria l respec ts, with, a ny Law to w hich the B usiness, any o f the Tran sferre d Assets or Lice nsed I P are su bject. The C ompa n y has n o t received, for the pas t three (3) y e ars, any n o tices, writte n or oth e r wise, o f any actual or po t en tia l non c omplian c e with any L aw rela ting to t he B usiness, Transferred A sset s or L i censed I P, nor is, to the K no wled g e of t he C ompany, the C omp a ny c urre n tly threatened with, or u n der any i n vestig a tion with respec t to, any ch arge concern i ng n o nc omp lia nce with any Law rel a ting to the B u sin ess, the Tra nsferr e d Assets o r th e Licen s ed I P.

(b)I nten tion all y Omitted. (c)I nten tion all y Omitted.

(d) E nviro n men t al La ws. T he C ompa n y i s a nd has been f or the pa s t th ree y e ars in comp lia n ce in a l l mat e ria l respects wit h, and i s not in vio l a tion i n any m a terial re s pe c t of, any E nv iro nmenta l Law app lica ble to t he B u sin ess, the T r ansferred Assets an d the Lice nsed I P, w h i ch c omplia nce has i nc l ud e d obtain i ng a n d ma i ntaining a l l B u sin ess P e rmits req uired p ursuan t to such E n viro nme nta l Laws. T h e C ompan y has n ot re ceiv ed any written n otices o f suspecte d, p ote ntia l o r a ctu a l v i olation or lia b ility with respect to any E n v iro nmental Law ap pli cable to the B usin ess, the Tra nsferred A ssets or the Licen sed I P. E xcept a s w ould n o t be ma t eri al to the B u sine ss, Tra nsferr ed Assets, Lic en s ed I P or Post-Clo sing A cq uir or Liabilities, no Haz ardo u s M a t erials are pre sent i n, on or under any Leased R e a l P r o perty, i ncl ud i ng the la n d and the improv eme n ts, gro und w a t e r and surfa ce wat e r th ere of, th a t th e C omp a ny has at any time o w ned, operate d, occu pie d or le ase d. With r esp ect to t he B u siness, (i) the C ompany h a s n o t trans p o rted o r a rran ged for th e transp o rta tion of, st ored or arranged for t he storage of, used, man ufa cture d, dispo sed of o r a rrang e d

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for the disp osal of, r e l e ase d or exp osed th eir B u sin es s Employ e es or any o t her pers o n to a n y H az ardo u s Mat e rials, (ii) nor h as th e C ompan y dis pose d of o r a rra nged fo r th e dis pos a l of, tra nspo rted o r a rran ged fo r the tra nspo rtatio n of, stored or a rrang e d fo r the stora g e of, so l d or man ufa ctu r ed a ny prod uct c o ntaining a H azard ous Ma t e ria l in ea c h case of (i) and (ii) abo v e, i n a m ann e r t hat co uld resu l t in materi al li ab ility to the C omp a ny. To th e e xte nt ap p lica ble to th e op erati on of th e B u siness, C ompany h a s n o t a ssumed o r prov i ded a n in d e m n ity with respect to the lia b ility o f a n y oth e r P erson arisi ng un de r Env iro nme nta l Law or rel a ting to H aza r dous Ma terials. T he C ompany has Made A v aila ble to A cq u iror, if any, al l materi a l env iro nmenta l site assess ments, au dits, and oth e r similar materia l d ocume nts i n its p ossessi on or co ntro l rel a ting to the B u sin ess, th e Transf err ed A sset s o r th e Licensed I P a nd compli a n ce with En viro n m ental Law s or the e nv iro nme nta l cond iti on of any re a l pro perty curr en tly or f o rmerly o w ned, leased or o per ate d by the C ompany.

3.19 C o m p a n y C u s t o m e r s and S upp l i e r s.

(a) T he C ompa n y d oes not en gage in sales a c tiv iti es other than s e llin g o r distrib u ting th e B usin ess P r odu cts t o To pcon and its Affiliates a nd any s erv i ces re lat ed thereto (in clu ding sellin g or distribu ting sp are p art s a n d prov i din g manu f a cture r repair se r v ices for the B u s i ness Produ ct), w hich in tu r n distribu tes such prod u c t s to end-users a n d other cu stomer s t hro u gh T o p con a nd its Affili ates’ distrib uti o n chann els. T h e C omp any has not re c eiv ed n otic e, w ritten o r oth e r wise, n o r do e s the C ompany h ave a ny K no wledge or rea s on to believe that T op c on (x) has, or inten d s to, sub sta nti a lly re d uce o r wil l sub stantiall y redu c e, th e purc hase, ord e r and oth e r use o f the B u s i ness Pro du cts, (y) inten d s to ca n cel, te rmin ate, or oth erwis e mat e rially and a d vers ely mo d ify its r e l ati on s hip o r C o ntr act with the C ompany as i t re lat es to th e B usin ess (w h eth e r related to pay m ent, pri ce or oth erwis e) f or any rea s on, o r (z) is th r eat ened with bankru ptc y o r insolvency o r is, o r is reaso nably lik ely to bec ome, otherwise unab l e to p urch ase or pay fo r the C omp any’s B u sin ess P r oduc t s fro m the C ompany i n qua ntities and ma nn e r c o nsiste n t with pa s t practice.

(b) Se c t i on 3.19(b) o f the Disclosure S ched ule co ntains a tr ue and co rrect list o f the top ten (10) su p p lier s o r vend ors o f the B usi ness, w h eth e r of produ cts, s ervic es, I n tellec t ual Pro p e rty Rig hts or Technology or oth erwise, by d olla r volume of sale s and p urchases, respectivel y, fo r the tw elve m onth s ended Dec ember 31, 2020 (ea c h such P erson, a “Top Supp l i e r”). T he C omp any has not rec eived n otice, written o r oth e r wise, n o r does th e C omp a ny have K n o wledge th a t any Top Sup plier (y) inte n ds to canc e l, te rmin ate or o t herwise m a terially and adv ersely m od if y its relatio nship with th e C o m pan y a s it relates t o the B usin ess (w h eth e r related to p ayment, p rice or otherwise) for any re ason, or (z) is th r eat ened wit h bankru ptc y or in s olvency o r is, or is reas onably likely to b eco me, otherwise un a ble to su p ply o r su ppo r t produ cts or services t o or f or th e C ompany in q u an titi es and ma nn e r co nsiste n t with pas t p r a ctic e.

3.20 I n ter e st e d P a r t y T ra n sa c t i o n s. No off ice r, di r e c tor or any other st o ckho lder of t he Company (each, an “I n t e r e s te d P a r t y”), has or has had, di rec tly or ind i rec t ly, (i) any i n te r est in any Pers on whi ch f u r n ished or sol d, or f u r n ishes or s e l ls, ser v i ce s, pr oduc ts, Te chno logy or Inte l le c tual Proper ty R igh ts that r e late to t he Bus iness to t he Compa ny, or (i i) any i n te re st in any P e r son that pu rchases fr om or se l ls or f u rni shes to the C o m p any, any goods or ser v ices t hat cons t i tute t he Busine ss, or (i i i) any i n t e rest in, or is a par ty to, a ny Busine ss Con t r act, ot her than ordi nary course e mpl oym ent agree men ts and E mployee Pla ns that ha ve been Made Ava i lab le; p r o v i ded, h o w e v er, that owne rsh ip of no more than fi ve per c ent (5%) of t he ou t s tand ing vot ing s h ar es of a pub li c ly t raded corpor at ion sha ll not be de e m ed to be an “i n te rest in any Per son” for pur pos es of this S e c ti o n 3.20. To t he Know le dge of the Compa ny, a ll t ra n sac ti ons pursuant to whi ch any Int e r e sted Pa r ty has pu rcha sed any s e rvices, produc ts, t e chno logy or Inte l l e ct u al Prope rty Ri ghts that re late to the Bus ine ss f rom, or so ld or fur n is hed any Technology or Int e l l e ctual Prope rty R igh ts that r e l a te to the B u si n ess to, the C o mpany have been on an a r m s-length ba s is.

3.21 B ooks a n d R e c o r d s. The C o mpany has made and kept Books a nd R eco rds t hat a re true, co r rect and com p l e te in all m at e r ial respe c ts and ac cur a t e ly reflect, in a ll mat e r ial re spec t s, the m a ter i al a c ti v i t i es of the

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Bu si n e s s. At t he Cl o si n g, t he Books a nd Re c o r ds o f the Co m p a ny t h a t r ela t e t o t he Bu s i ne s s will be in t h e pos s e ssion o f t h e Comp a n y.

3.22 N o B r oke r. No brok er, f ind er or i nves t m ent banker is ent i t led to a ny brokerage, f inde r’s or other fee or c o m mi s si on in connec t ion w ith the t ran sac t ions con t e mpl at ed by this Agre ement ba sed upon a r range me n ts made by or on b eha lf of the Company.

3.23 P r odu c t W a r r a n t i es. To the Know ledge of the Com pany, all Bus ine ss P roduc ts have be en and are fr ee f rom any def ects in des ign, m a ter i a ls or wor k m anship.

3.24 R e g u l a t o r y M a t t e r s.

(a)T he C ompany h a s n o t had any pro du c t o r man ufa cturing site su bje ct to a G ov ern men t

En tit y (i n cl u d i ng FDA) s h u t down o r im p o r t or e xport p r oh i biti on, nor r e c eived a ny FDA Fo r m 4 83 o r oth e r

Gove r n m e n t En t it y n o tic e of i n s p e c ti o n a l o b s e r v ati o n s, “war n i ng lett ers,” “u n title d l e tt e rs”, e n f o r c e m e nt acti on o f a ny k i nd o r, t o t he Knowle d g e of t h e Co m p a n y, r e q ue s t s o r r eq u i r eme nts t o ma ke ch a nges t o t h e Bu si n e s s Pro d ucts or l a beli ng t h a t wou l d r e a s on a b l y be exp e c te d t o r e s ult i n a m a t eri a l lia bilit y t o t he Co m p a n y o r any vo l u nta r y or i n vo l u n t a r y r e c all of a ny Bu s i n e s s P r od u c t s, or simil ar wr itt e n co rre s p o nden c e o r writte n no tice fr o m the FDA or o t h er Gov e r n me n t En t ity i n r es pe c t of t he Bu si n e s s and a lle ging o r a s s e r ti n g n o n c o m pli a n ce with a ny appli c a b l e L aw, P ermit s or s u c h r e q ue sts o r re q u ireme nts o f a Gov er n me n t Entit y, a nd, to t he Knowle d ge o f t h e Co m p a n y, neit h e r t h e FDA nor any Gov e r n m e n t Entity i s c o n sid e r i ng s u c h a c ti on.

(b) All p rec linic a l and clinic al tria l s be i ng con d uct ed by o r on beh alf o f the C omp an y of the B usin ess P r odu cts are b eing or have b een c ondu cted in compliance in all materia l r espe cts with the r eq uire d expe rime ntal protocols, procedures an d co ntrols p ursuant t o ap plicab l e Law. T he reg ula t ory d ata, clin i c a l data and other tech nical inf orm a tion, inclu ding any d esign h istory file s an d a ny d ata ba ses in c orp oratin g any such d ata and info rma tion, r e l ated to th e B usin ess Produ cts (“R e g u l a t o r y D a t a”), a n d req uir ed to b e main tained p ursu a nt to a p p licable L a w, is full a nd co m plete i n all materia l r esp ect s and, to t he K no wled g e of the C omp any, n othin g in such R egulat ory Dat a i s fals e o r mislea ding in a ny mat e rial r esp ect. Al l reg ulat ory filings, in clu din g, but not limit ed t o, all in f orm a tion a bo u t any pro d u c t ad v ers e effe ct me dical devic e r epo rts, in the p ossessio n or con tro l of the C o m pany h a ve b een made avail able to the A c qu iror.

(c) T he man ufa cture of th e B usin ess Pr o du cts by o r on behal f o f the C ompany i s b ein g condu cted in comp lia n ce i n a l l materia l r esp ect s wit h a l l a pp lic a ble La w s in c l uding the F DA’s Q u a lity Systems R egulati on at 21 C FR Pa r t 820 for p r od u cts sold in t he U n ited S t a tes, and the respec tive coun t e r parts the r eof promu l gated by G ov ernmen t E ntiti es in cou ntries ou tsid e th e U nited States.

(d) T he C ompan y, an d its offic ers and d ire ctors and, to th e K no wle d ge o f the C ompa n y, e ach of its distri butors, age nts a nd consultan ts, are, a n d at all time s ha v e been, in m ateria l compli ance wit h fed era l or stat e c rimin al or civ i l Laws, i ncl udin g the fed era l A nti-Kic kbac k Sta t ute (4 2 U.S.C. § 1320a-

7(b)), St ark L aw (42 U.S.C. § 1395nn), Fed e r al Fal se C la i ms (31 U.S.C. § 3729 et. seq.), the Phys ici an Paym ents Sunsh ine A ct (o ther w ise known as “Open Paym ents Act”), H e a l th Insurance Po r t abi l i ty and Accountabil ity A ct of 1996 (42 U.S.C. § 1320d et seq., and any c o mpa ra b le s t a te or loc al law s) and the regu la t ions prom u lga ted pursuant to such La w s, or which a re cause f or c i v il or c r i mi nal pena l t i es or mandat o ry or pe r m is s ive exclus ion f rom Medica re (Ti t le XV I II of the Soc i al S ecu r i ty A c t), M edica id (Ti t le X IX of the Soc i al Se cur ity A ct) or any ot h er s t a te or feder al he a l th ca re p rog r am (each, a “P r og r a m”). The Compa ny is not the sub j e ct of any pending o r, to the Know ledge of the C o m pany, thr eat ened i nves ti g a t ion in r espect of the C o m p any or t he Bus ine ss P roduc ts, by the FDA pur suant to i ts “Fraud, U n tr ue Statem ents of Ma ter i al Fact s, Br ibe ry, and Il legal G ratui t i es” Fi nal Po l i cy s et f o r th in 56 Fed. R eg. 46191 (Sept e m ber

10, 1991) and any a men d me n ts t her e to. The re is no pr oceed ing or, to the Kno w ledge of the Com p any,

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thre a tened pro cee ding, ag a i nst the C omp any, th a t c ou l d re ason a bly be expecte d t o re su l t in its ex clu sio n fro m p articip ation in a n y Progra m o r o t her th ird part y payme n t p r og ram s i n w hich t he C ompany particip ate s. I n addition, a n d witho u t limiting th e foreg oing, th e C omp any is, and at al l times has b een, i n compli ance in all mate ria l respe cts with a ny ap pli cable fed eral, st ate, lo c al, fo reig n, crimin a l or civil Law s th a t (i) req uir e c ompa nies t o adopt or main tain a c o m pli ance prog r am o r mark eti ng code of co n du c t th a t rel a t e s to pay men t s made to healt hcare p r ofessi on als, (ii) limi t the p ay men t s t hat may be pro vided to hea lth c a r e professio nals, o r (iii) req uire certain p a yments pro vided to h e a lth c are pro fessio nals to b e rep orte d or disclosed.

3.25 N o O t h e r R e p r e s en t a t i ons a nd W a r r a n t i e s. Ex cept for the rep rese n t a ti ons and w a r r ant ies con t a ined in t h is A r t i c le I II (inc ludi ng the r e l a ted po r t ions of t he D is c losure Sche dul e s), ne it h er the C o mpany nor any other Person has made or ma k es any o ther ex p ress or i m p l i ed re p re sentat ion or w a r ranty, ei ther w r i t ten or or a l, on behalf of the C o mpany, i n clud ing any re p re s entat ion or w ar r anty as to t he acc u r acy or com p le teness of any i n for m at ion rega rding t he Busine ss and the Tr ans fe r red A s s e ts f u r n ished or made ava il able to Acqui ror a nd i ts r epr e sen t a ti v es (inc lud ing any m anage m ent pr e sen ta t ions or in any o ther form in expect a t ion of the tr ans a c t ions cont em p lat ed hereby) or as to the f u t u re r evenue, p rof i tabi l i ty or succe ss of t he Bus ines s, or any r epre s entat ion or w a rr anty a r isi ng fr om s t a tute or ot her wi se in law.

Artic l e I V

R E PR E S E N T ATI O N S A N D W ARRANTI ES O F A C QUIRO R

Ac q u iror h e r e by re pres e n t s a nd warra n t s t o the Co m p a ny, as o f t he Agreem e n t Da t e a n d t h e Cl o si ng D ate, as t h ough ma d e a t su c h Cl o si ng Da te, a s f oll ows a s f ollows:

4.1 O r gan i z a ti on a n d S ta n d i ng. Acqui r or is a corpo r a ti on duly o rgani z ed, va l i d ly exi s t ing and in good stand ing under the la ws of Dela w a re. A cqui ror has t he requ i s i te c o rpo ra te pow er to own, lea se and ope r a te i ts ass e ts and prop e r t ies and to c a rry on its bu si ness as c u rren tly conduc ted. A cqu ir or is duly qua l i f ied or l icens ed to do busi n ess and is in good s t anding in each jur is d i c ti on in which the ow ner ship of i ts a ss e ts or prope r t ies (whe ther owned, l eas ed or l icensed) or the op e r a t ion or na ture of i ts bu si ness as c u r rent ly conduc ted requi res such qua l i f ica t ion, exc ept whe re the f a i lure to be so qual i f i ed or in good s tanding has not been or would not r easonably be exp e c ted to (a) p revent, hinder or m a ter i a lly d e lay any of t he Tran sac t ions or (b) mat e r ia l ly i mpa ir t he ab i li ty of Acqui ror to pe r form i ts obligat ions under t h is A g ree m ent and the Relat ed Agr eem ents.

4.2 A u t h o r i t y a n d E n f o r c e a b i l i t y. Acq u ir or h as all requ is i te cor por a te pow er a nd au tho r i ty to ent er i n to this Agree ment and any R e lated Agr e e ments to w h ich it is a pa rty and to c ons u m mate (or cause t he cons u m m a ti on of) the Tr ans act ions. The execu ti on and d e l ive ry by Acqui ror of t h is Agree ment and any R el a ted A g re e m ents to which Acqui r or is a par ty, and the consu m mat ion of the Tr ansac t ion s, have been duly autho r i zed by a ll ne c essa ry corpo r a te and o ther ac ti on on the pa rt of Acqui ror and no f u rt her cor por a te or o ther a c ti on is requi red on the p art of the Acq u ir or to au tho ri ze this Agr e e ment and any Rela ted Agre e m ents to which A cqu ir or is a pa r ty or to cons u m ma te any Tr ans action. This Agr e e m ent h as been du ly execut ed and del iver ed by Acqu ir or and this Agree me nt is, and ea ch of the R e la ted A g re e m ents to whi ch Acqu i ror is or will be a pa rty when execu t ed and del ive red by A cqu ir o r, and ass u m ing the due a u tho ri za tion, exe cut ion and d e l ive ry by the o ther pa r t ies he re to and theret o, wi ll be va l id and b inding obl iga tions of A cqu ir o r, enf o rceab le aga inst A cqui ror in accordance w ith the ir res p ect ive ter m s, subj e ct to L a ws of ge ner al app l i cat i on rel a t ing to bankr upt cy, i n solvency, morat o ri u m, the r el i ef of de b t o rs and enf o rc e m ent of c re d it o rs’ r igh ts in gener al (r ega rdl ess of w he ther en for c e ment is s ought in a proceed ing at l aw or in equ it y).

4.3 C on f l i c ts. The exe cut ion a nd de li very by A cqui r or of this A g r eem ent and any R e lated Agr e e me nt to whi ch Acqui ror is a p a r ty, and the c ons u m mat ion of the T ra n sac ti ons, wi ll not con f l i ct w ith or r es u lt in any m a te r i al br e ach, v iol a t ion of or de f ault under (wi th or w ithout not i ce or l apse of t i me, or bo t h) or give r ise to a right of ter m inat ion, cance l l a ti on, mod i f ica t ion or a cce leration of any right or ob l iga t i on or loss of any bene f it und er, or

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req uire any n o tice, con sent, w a i ver, or app r ov a l (a) any p r ov ision of the C harter D o c uments o f A cquiror, a s amen ded, or (b) a n y Law or Order ap plica ble to A cq uiror, exce p t for conflicts th at w ould not r easo na bly b e e xp e cte d to b e materia l the Acq uiror’s ab ility to co nsumm a t e t h e T r ansa c tion s. The r e is no C on tra ct, judgme nt, inju nction, ord e r or de cree to w hich Acqu iror is a p arty w hich has or may h ave the eff e c t of prohib iting the Tra nsa c tions.

4.4 N o B r ok e r. O t her than St i f el F ina n ci al C o rp. and its A ff i l i at e s, no br oker, f inder or inves t m e nt banker is en t i t l ed to any broke ra g e, f inde r’s or ot h er f ee or co m m i ss ion in conne c tion w i th t he t ra n sa c tions cont e m p l a ted by t h is A g ree ment ba sed upon a rr ange ments m ade by or on beha lf of A cqu ir o r.

4.5 L i t i g a ti o n. The re is no, and, for the last t h ree (3) yea r s, there has not b een, any (a) m a ter i al A c t ion of pending o r, to t he Know l edge of t he A cqu i ror, t h re a tened aga inst the A cqu ir o r, i ts proper ti es and as s e ts (ta ngible or i n tang i b le), or any of its of f ice rs or di re c tors (in their capaci t ies as suc h) r e lat ing to the Trans act ions, or (b) gover n m ent al inqu iry or inves t iga ti on pe nding or t h rea tened against t he A cqu ir o r, i ts p rope r t ies and as s e ts (ta ngible or intangibl e), or any of i ts of f i cers or d i r ectors (in the ir capaci t ies as suc h) (includ ing any inqui ry as to t he qua l i f ica t ion of t he Acq u ir or to hold or re cei ve any l icense or pe r m i t) rel a t ing to t he Tran sac t ions.

4.6 G ove r n m e n t a l A p p r ov a ls. No consent, w a iver, approval, o rder or author iza t ion o f, or reg i s t rat ion, decl ar a t ion or f i l ing w it h, any Governm ental Ent ity is requ ir ed by or wi th re spect to Acqui ror in conne c t ion w ith the execu t ion a nd de l ivery of this Agr eem ent and a ny R el a ted Agr e e men ts to which Acqui ror is a pa r ty or the cons u m ma t ion of the Transa c t ions, exc ept f or s uch con se n ts, w a ive rs, a pprova ls, or d ers, a u thor i za tion s, regi s t r a tion s, de c l a ra t ions and f i l ings w h ich, if not obt a ined or m ade, wou ld not m a ter i a lly i m pair Acqui ror’s abi l ity to con s u m mate t he Tr ansac tion s.

4.7 Su f f ic i ency o f Fund s. A c quir or has and w i ll ha ve s u ff i c ient cash on h and or o ther sour ces of i m med i a t e ly ava i lable fun ds to pay the Clos ing Date Consi d er a t ion as and when due under t h is Agr e e me nt and to cons u m ma te t he Trans a c t i ons.

4.8 So l ve n cy. I m m ediat ely a f ter gi v ing e ff e ct to the A s set Pur chase, A cqui ror shall be sol v e nt and sha l l: (a) be ab le to pay i ts debts as they become due; (b) own prop e r ty that has a fair salea b le va lue gr eat er than the a mounts requi red to pay i ts de b ts (i n cl uding a r e a sonab le e s t i mate of the amount of a ll cont ingent l iabil i t ies); and (c) have ad equa te ca p i tal to ca r ry on its bu si n ess. No t r ans fer of prope rty is being m ade and no obl iga t ion is being i n cur red in connect i on w ith t he Trans a c t ion w ith the intent to hi nder, de lay or de fr aud e it her pr e se nt or future cred it o rs of Acq u i ror or t he Company. In conn e c t ion w ith the T rans a c tion s, A cqu i ror has not incu r r ed, nor pl ans to incu r, deb ts beyond i ts abi l i ty to pay as they bec o me ab sol u te and ma ture d.

4.9 N on-R elia n c e. Acqui ror has conduct ed i ts own ind ependent inv es t iga t ion, rev i ew and a n al y sis of the Bus ine ss a nd t he Tr an sf e rr ed A ss e ts, and ackno w ledges t h at it has b een provided adequ ate ac c ess to t he pers onne l, p rop e r ti e s, as sets, p r e mi s es, books and r ecords, and o ther do c u men ts and da ta of A cqu ir or f or such purpose. Acq u ir or acknowl edges and a g re es that: (a) in mak ing i ts de c i s ion to enter i n to this A g re e m ent and to cons u m ma te the T ra n sa c t ions, A c qui ror, on beha lf of it s e lf and i ts A f f i l i at e s, has r e l i ed sol ely upon i ts own inves t iga tion and the expr ess r epr es ent a t ions and war r ant ies of the C o mpany set for th in A r ti c le I II of t h is Agree me nt (inc luding r e l a t ed po r tions of the D i s cl o s u re Schedul es); and (b) ne ither t he Com p any nor any other Person has ma de any re p r e sentat ion or w a r ran ty as to t he C o mpa ny, the Tr ans f e rred A s s e ts or t h is A g re e men t, exce pt as express ly set f or th in A r t icle I II of t h is A g re e me nt (i nclud ing t he rel ated po r t ions of t he Di scl o sure Schedu le).

Artic l e V L IC E N SE

5.1L ic e n se s t o A cqu i r o r. Ef f ect ive as of the Clos ing, and subj ect to the ter ms a nd c ondi t ions of t h is

Ag r e e me n t, f o r t he res p ecti ve te r m s s e t f o rth i n Se c t i on 5.4, t he Co m pa n y, on b e half of it s elf and it s a p plic able

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Affilia t e s, h e re by g r a n t s t o Ac qu i r or a nd it s Affiliates a non-e x c l u s i v e, wo rl d w i d e, non-s u b li c e ns a b l e, f u ll y pa i d- up, r oy a lty-fr e e a nd non-tr a n sf e ra b l e (e xc e pt in c o nn e cti on with t he s ale of a l l o r s u b sta nti all y a l l o f t he T ra n s f e rr e d As sets) li c e n s e und e r t h e L i c e n s e d P ate nts t o d e v e l op, have d e velop e d, m a k e, h a v e m a d e, im p o rt, u s e, o ffer to s ell, s ell, h a ve s old a n d o t herwis e e x p l o i t (o r o t h e rwi s e dis pose of) a ny L ic e n s ed Produ cts i n J a pan (t he “L i c e n se”); p r ovided, howe v er, t h a t t h e ri g h t and li c e ns e g ra n t ed in t his S e c ti on 5.1 i s e xp r es sl y limit ed to Li c en s e d Pr o duc t s t h a t (i) we r e o r a r e d esign e d by Ac q u ir o r or a ny o f it s Affiliat e s (o r, p rior t o the C l o s i ng, t he Co m p a n y or a n y of its Affilia t e s) a n d (ii) a r e s o l d, o ff e r ed f o r s a le, or d i s tri b u t ed un d er a tr a d emar k o w n e d or co n tr o lled by Ac q uir or or any o f its A ffili a tes. Ex ce pt f or the rights and lic e n s es g r a n t e d b y t he Comp a ny un d er t h i s Se cti on 5.1, t h i s Ag r e e me n t do e s n o t g r a nt t o Ac q u ir o r or a ny of its Affilia t e s or any o t h e r P ers on a ny ri g h t, title, or i ntere s t by im p licati o n, e st o p pel, o r o t h e rwi s e. Wit ho u t limiti ng t he f o r eg o i ng, noth i ng i n th i s A g re e m e n t g r a n t s by im pli c ati on, es t o p pel, or o t h e rwise, a ny ri g h t, titl e, or i n t ere s t i n, t o, or un d er any p a t e n t s own e d or c o ntr olle d by the Comp a ny, Topcon or any of t h e i r Aff ili ate s o t h e r t han L i c e n s ed P at e n ts. All r i g h ts, titl e s, a nd i nter e sts not s pe c i f i c a lly and exp r e s s l y g r a n te d by t h e C o m pa n y, T o p c on or t h eir A ffiliates here u n d e r a r e h e r e by re s e r v e d. For the avoid a nce o f doub t, t h e L i c e n se s granted t o Ac q uir or h e r e un d er s hal l not b e s ublic e n s ed or tra n sfe r r e d t o a ny T h i r d P a rt y without t he p ri o r writte n conse n t of Topcon, wh ic h con s e nt s h all not b e u n r e a s o n ab l y with h e l d wit h re s pe c t t o su b lic e n s e s.

5.2 D is po s a l s and W a i ve r s. N o t w i ths tand ing anyt h ing herein to t he con t r ary, in the event that Topcon or i ts A f f i l i a tes de t e r m ine that any of the L icen sed Pa t ents to w h ich t he Li c ense rel ates a re not nec es sary for Topcon or i ts Af f i l iat es at a ny t i me af t er the C los ing, Topcon (or any of i ts A f f i l i a tes) may, in i ts sole di s c re t ion, di spo se of or w a ive any s uch Li censed Pat ent s, and Acqui r or he reby expres s ly agr e es to such r ight of Topcon to di spose or waive any such L ice n sed Pat e n t s; p rov ided t h at Topc on sha ll send a w r i t ten no ti ce to A cqu ir or to t h at ef fe ct not less than thi rty (30) d ays p ri or to t he da te of d ispo sal or waiver to t he e x te nt pract ica b l e; pr ovi d ed, f u rt h e r, that Acqui ror sha ll have t he r i ght to r eque st that Topcon t o, but Topcon sha ll not be obli gat ed to, c ont inue m ai n t ai n ing any such L i c ens ed Pa te n ts, in ea ch case at A cqu i ror’s re quest and expe n se, and upon rece i pt of such reque st, t he Par t ies sha ll d i scuss in good f a ith w ith an a im to agree on such m a t te r s.

5.3 N on-A ss e r t i o n. On and af t er the Clos ing, and subject to the t e r ms and cond i t ions of this Agr e e men t, the Company, on beha lf of its e lf and i ts A f f i l i a tes and their r e spec t ive s u cce s s o rs and a s s igne es (i ncl udi ng any fut u re s ucc e ss o rs or as s ignees of the Li cen sed IP (other than the Licens ed Pa ten ts)), agr ees f o rever and i r re vocably not to ass e r t, or to c ause or d ir ect any Thi rd Par ty to a ss e rt, agai n st A cqui ror any cl a im or c ount er c l a im of inf ringemen t, m isapprop r i at ion or o ther vi o l a ti on of the L icensed IP (o ther than the Lice n sed Pa te n t s), in connec t ion w ith the dev e lopme n t, us e, manuf act u re, com m e r ci a l i z a tion or ot h er exp loi t a tion of the L i c ens ed Produc ts her eunde r; p rov i ded, how eve r, that t h is Se c tion 5.3 s hall be expr e s s ly li m i ted to a ny such c lai ms r e la t ing to Li cens ed Produ cts that (i) w ere or are d es igned by A cqui ror or any of its Af f il iat es (o r, pr i or to t he C los i ng, the Compa ny or any of i ts A f f i l ia tes) and (i i) a re s o ld, of fered for s al e, or d i s t r ibu t ed und er a t rade m a rk owned or cont rol led by Acq u i ror or any of i ts A f f i l ia tes. A ll righ ts, t i t les, and i n ter e s ts not spec i f i cal ly and expres s ly gr ant ed by the Com p any, Topcon or t heir A f f i l i a tes her eund er are h er eby r es e rved.

5.4 L ic e n s e T e r m. The l icense gran ted in Sect ion 5.1 sha ll expi re on a Pa ten t-by-Patent ba s is upon t he expi ra t ion of the term of t he app li cab le Li censed Pa t ent. The cove n ant not to sue s et f o rth in Sect ion 5.2 i s, f or cl a r i ty, ir r evocable and perpetua l.

Artic l e VI

CONDUC T O F CO M P A N Y BU S I NE SS

6.1 C ondu c t o f C o m p a n y B u s i n ess. Dur ing t he P re-C los i ng Per iod, exce pt as ot h er wi se cons ent ed by Acqui ror in wr i t ing (w h ich conse nt s h a ll not be un r e as onably w it hheld, cond i t ioned or de layed), the C o mpany sha ll conduct the Bus ine ss in the ordina ry cou rse of bus ine ss and use i ts co m mer c ial ly rea sona b le ef f o rts to (i) m a int a in and p reser ve int a ct i ts cu rre nt B usi ness orga n iz a ti on, ope r a tion s, goodwi ll and r e l a ti ons h ips of i ts B us ine ss E mployee s, (i i) m a i n tain the Tran sf e r red A ss e ts a nd L ice n sed IP in good operat ing cond i tion, subj e ct to nor m al

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we a r a nd t e a r, a nd (iii) pre se r ve t he r e l a ti o n s hips o f t he Bu sine s s wit h Cu st omers, s u p p lie r s a nd others h a vi n g bus i n es s de a li n gs wit h t h e m.

6.2 R e st r i c t i ons o n C o m pany A c t i v i ti e s. D u ring t he Pre-C losi ng Pe riod, except (i) as exp res s ly cont e m p l a ted by t h is A g re e me n t, (i i) wi th the p r ior consent of A cqui ror (w h ich consent wi ll not be un re asonably w ithhe ld, condi ti oned or dela y ed), and (i i i) as exp r es sly s et f o rth in S e c ti on 6.2 of the D i s cl o sure Schedu le, the Compa ny s h a ll no t, wi thout the pr ior w r i t ten cons ent of Acqui ror (which c onse nt w i ll not be un r easonably wi t hheld, condi t ioned or de layed):

(a) cause o r per mit any mo dificati ons, amen dme nts or chan g es to th eir org a niz ati on a l docu m en t s (in clud i ng, with out limit a tion, the memo r a ndum o f ass oci a tion a n d a rtic les of asso c iation) th a t w ould d elay or im pede the consu mmation o f the Tran sac tions.

(b) (i) sell, div e st, ex clu siv ely Lice n se or assi gn to any P erson, o r en t er into any a greemen t t o se ll, div est, exclu siv ely li c e nse o r assi gn to a n y P erson, any Tran sferre d I P or Lice nsed I P; (ii) L i cen s e a n y B usin ess Prod u c t s to third partie s oth e r than c ustome r ag r e eme nts in th e fo r m of the ap plica ble Stan d a r d Form I P C on tra c t th a t are e nte r ed into in the ordin ary cours e o f b usin ess co nsiste nt with pa s t practi c e; or (iii) amen d, m od ify o r e xten d any ag r e eme n t fo r the Lic ense, sale o r oth e r distribu ti on of B u s i ness Pro du cts (oth er t han amen d men ts, exten sio n s or m od ifica tio n s that ar e entered into in the ordinar y co urse o f bu sines s consist ent with pa s t pra cti c e and w hich do not chan ge pricing und e r s u ch a greeme nts);

(c) oth e r th a n in t he ordin ary c ourse o f bu sin ess co nsiste nt with pa s t p r a ctice, assign, tran sfer, leas e, sell, hy p othec ate, ple dge or su bje c t to an y L i en n ot i n e xisten c e a s of the A g ree ment D a t e (oth e r t h a n any P ermitted Liens) any Tran sferred Asset;

(d)pe rmi t a n y Tr ansfe rred I nte llectu a l P r op erty Rig hts to la pse o r ente r in t o th e p u b lic d omain; (e)ente r into, t e rmin a t e o r mat erially e xte nd, ame nd, mo dify or w aive any right with resp ect

to any M a terial C o ntr a c t or any Transf erred C on tract, e xcept for (i) pu r cha s e order s or sales ord ers entere d

in the ordin ary cou rse of b usin ess, (ii) the su blic ense agreem ent wit h Q uante l Medical in su bsta n tia lly th e fo r m o f the dra f t w hich h a s been Mad e A v a ila ble to A c quiro r and (iii) th e Sta nford A gre e ment in f o r m a nd sub stan c e as Ma d e A v ailable t o A cq uiror;

(f) se ttl e any Action relatin g to the Tra nsf e rred Assets, the Lice n sed I P or the B u sin ess, excep t for cash-o nly settlements m ade in the ordin ary co urs e o f bu sine s s co nsiste nt with p ast practice w hich w o uld constitu t e C o m pany Lia bilities;

(g) co mme n ce any A ction re lating to t he B usi ness, the T r a nsferr ed Assets or t he Lice nsed I P oth e r than (A) f or th e ro utin e co lle cti on of amou nts o wed or (B) i n such cas es w here the fail ure to co mme n ce litig a tion c ould have a Materia l A dv ers e Effect;

(h) materially i nc r ea s e the s a lary, bonus o r oth e r c ompe nsation or be n e fit s p aya ble to any B usin ess Emplo yee, o r accelerate t he v esting or paymen t or prov isi ons t he reof or ag r ee to in crease or accelerat e th e ve sti ng or pa yme n t or pro vision ther eof, w heth e r pu rsuan t t o an Employee Plan or oth erwis e, oth e r th a n as r equ ired b y Law or a Lab o r A gre eme nt o r by any plans, pro grams or agreeme nts e xis ting o n A gre emen t D a te;

(i) te rmin ate t he emplo ymen t or o t her se r vic e, change the title, o ffice o r po sition (o t her th a n chang e s p ursu a nt to C o ntracts existing as o f th e A greeme n t Dat e an d m ade in the ord i na r y co urse of business co nsistent with past practice s), or m a ter iall y red u ce th e res pon sibilities of, any B usi nes s Emp l oye e s u nder an y emplo ymen t o r se r vic e agreement of, any B u sin ess Emp l oyee in effect as of th e

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Ag r e e me n t Da t e, e x c e p t t o t he e x t e n t s uch termin ati o n r e l a te s to termi n a ti o n “f o r c a u s e,” “good r e a s o n”, “con s tr u cti ve dismis s al” o r other simila r constr u c t u nder a ny s u c h emp l o y m en t a g r e e me n t o r s e r v i c e ag r e eme nt;

(j) transfer any B u sin ess Emp l oyee from w o r king within t he B usin ess, or indu c e any B usin ess Emp l oyee to r e sign his/her emplo ymen t or oth e r s ervic e in t he B u sin ess, o r ag ree t o tra nsf er a ny B u sines s Emp l oyee fr om the B usi ness, or employ, eng a ge o r transfe r any person w ho is not a B usin ess Employ e e a s of th e d ate o f t his A gre e m e nt to w ork in o r fo r t he B u sine ss;

(k) announ c e, imp lem ent or effect any redu ctio n in la b or fo r ce, lay-off, early r e tireme n t prog ram, sev eran c e pro gra m o r other pro gra m or eff ort co n cer ning the te rmination o f emplo yme n t or service of any B u sin ess E m ploy ee, e x cep t as sep arately agreed by the Parties;

(l)ente r i nto any co llecti ve b a r gaining a gre e ment or simila r la bor ag reeme n t in respe c t of a n y

Bu si n e s s E m ploye e s;

(m)inc u r or assume any lia b iliti es or o b lig atio ns t hat w o uld con stitu t e a Po st-Clo sing A cqu iro r

Lia b ilit y, o t h er t h a n i n t he o r d i n ar y co u rs e of b u si n es s c onsiste nt with p a s t p ra c tic e;

(n) send any w ritten c o mmu nic atio ns (in clud i ng el ectro nic co mmuni c atio ns) t o B usin es s Emp l oye e s reg arding this A gre e m ent or the Tra ns actions o r mak e a ny re p rese ntatio n s o r issue any co mmu nic ati ons to B u sin ess E m plo yees th a t are i n c onsiste nt with th i s A greem ent o r th e Tra nsaction s, in cludi ng a ny re pre s en tatio ns r egardin g offers of emp l oymen t or other serv i ce fro m A c q u iror, ex c ept t o th e exten t su c h co mmu nic a tio ns (i) are made p ursuant to ins tru cti ons or r equ es t fro m A cquiro r or its R epre s en tativ es, (ii) a r e necessary pu rsua n t to ap pli c a ble Law, o r (iii) are r easo nably n ece ssa r y f or th e C ompan y to fulfil l its o b ligati ons u n der this A gre ement;

respec t;

(o)de f e r pa y m e n t of a ny a c c o un t s pa y ab l e, c o m m is s i o n s, or o t her L ia b i l i t i es i n any m a t e r i a l

(p) with r es p ect to the B u sin ess, Tra nsferr ed Assets or I P Licenses, en ter into any C ontr act with, or effe c t a ny tra nsacti on with, a ny I n tereste d P art y or a mend, mo d ify, o r oth erwise alte r any C o ntr a c t with any I ntereste d Party in effe ct as o f the A g r e eme n t Date, exce pt as e xp ressly contemplated un der this A gre ement; or

(q) take, c o mmit, o r a gre e i n writing or otherwise to ta ke, any o f t he actio n s d esc rib e d c lause thro u gh of this S e c t i on 6.2, or any oth er a c tion th at w ould (i) prev e nt t he C ompa ny fro m p erforming, o r cause the C o m pany n o t to perf o rm, its cov e na nts or a gre ements h ere u nder o r (ii) cause or r esult in any o f its re pre sentatio n s and w arr an ties con tain ed h erein b e i ng untrue o r incorre ct in an y materia l resp ect.

Articl e V I I

A PP ROVA LS AN D NO N-S OLIC I T ATI O N A GRE E M E N TS

7.1 T er m i n a t i on o f D is c u s s i o n s. As of the Agree ment D ate, t he C o mpany s h a l l, a nd sha ll c ause i ts Represent a t ives to, i m m edi a tely t e r mi n ate and cea se and sus pend any e x i s ting co mm uni cat ion, ac ti v i t ie s, discu s s ions or nego ti a t ions (inc luding t e r m ina t ion of acce ss to the VDR) w ith any Person or ent ity (ot h er than Acqui ror or i ts R epresen t a ti v es) r ega rdi ng (i) any t r ansf er or s a le of all or subs tan ti a l ly a ll of the a s sets of t he Busine ss t hat would conf l i ct w ith t he A ss et Purchase or (i i) any j o int vent u re or o ther s t r a teg ic t rans a c tion with or invo lvi ng the B u si n es s, t he Trans fer red A ss e ts or t he Licens ed IP (ea ch of t he t ra n sa c ti ons d es c r ibed in the pre cedi ng c lauses (i) and (ii) be ing refer r ed to he r e in as an “Al t e r n a ti v e T r a ns a c t i o n”).

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7.2N o So l i c i t a ti o n. The Company sha ll no t, and sha ll cause i ts Rep re sen tat ives not to, d ir e c t ly or indi re c t ly, at any t i me dur i ng the P re-C los ing Per iod:

(a)in iti ate co nta ct with, solicit, seek, or fa c ilitate any inq u iry fro m an y P erson or e ntit y (oth e r than A c qu iror and it s R ep resen t a tive s) in co n nectio n with an Alte r n ativ e Tra nsac ti on; o r

(b)ente r in t o a ny dis cussion or neg oti a tion wit h a ny P erso n or entity (oth e r than A cq uiro r an d its Rep rese ntatives) in con n ection with an Alte r na tive Tran sac tion.

7.3 N o ti c e of A l t e r n a t i ve T r a n s a c ti on P r opo s a l s. In the event that the Company or any of i ts Represent a t ives sha ll receive, pr ior to the C l o si ng Date or the ter mi nat ion of t h is Agre e men t, any w r i t ten of f er or proposal t hat w ould to l e ad to an Al te rnat ive Transa c t i on (e ach, a “S o l ic i t a t i on”), t he Company sha ll pr o m p t ly (and in a ny event w it h in three (3) day s) not ify A cqu ir or of t he e x i s tence of t he So li c it a t ion to t he e x tent p e r m i s si b le under conf ident i a l i ty ob li ga tions ow ed by t he C o mpany.

Artic l e VIII ADDI T I ONA L A GR E E M ENT S

8.1 T h ir d P a rt y C on s e n t s. T he Com p any sha ll use its c o m m er c i a l ly r easonab le ef forts to ob t a in a ll nece s s a ry consent s, wai ve rs and app rovals of any third pa r t i es to any T rans fer r ed Cont ra ct as a re requir ed thereund er in conn ect ion w i th t he Tran sac t ions in or der for s uch Con tr act to r e m a in in f u ll for ce and e f fect f o ll o w ing the Trans a c t ions. Su ch c onsent s, modi f i cat ion s, w ai vers and approva ls s h a ll be in a form ac cep ta b le to Acquir or (a c ting r e ason abl y). In t he event t hat any of the Transac t ions do not c lose for any rea son, none of t he Part i es nor any of the ir A f f i l i a tes or a ny of t h e ir R e p re s entat ives sha ll have any l i abi l i ty to e ach o ther Pa rty or any other Person for any cos ts, cl a i ms, l i abi l i t ies or da ma ges r e sul t ing f rom the C o mpany se eking to ob ta in such con sent s, mod i f ic a ti ons, w a ive rs and approval s.

8.2 C o m m e r c i a l l y R e a s on a b l e E ff o rt s t o C l o s e. Subject to the t e r ms and cond i t ions prov ided in this Agree me n t, e ach of t he pa r t ies h er e to sha ll u se r easonable be st e ff o r ts to ta ke prompt ly, or ca u se to be t aken prompt ly, all a c t ions, and to do p r o mpt ly, or cause to be done prom p t ly, a ll t h ings nec essary, pr oper or adv i sable under app li cab le Laws to cons u m mate and make e f f e c ti ve t he Trans a c t ions as prom p tly as p ra c t icab le, inc luding by us ing co m merci a l ly re asonable e f for ts to ta ke all action ne ces sary to s a t i s fy a ll of the condi ti ons to t he ob l iga t ions of t he other par ty or pa r t i es her e to to e ff ect the T ran sa c tion s.

8.3E ll e x D is p u t e.

(a)Subje c t to t he t e rms and c o n ditions of th i s A g r e ement, i nclu ding with o ut limitati on Section

8.3(b) be low, t he Pa r t ies acknow ledge and agree tha t, as of the A g ree m ent D a te, the Com pany h as en t e red into a set t lem ent wi th El l ex Medical Las e rs Li m i ted and/or one or m o re of its A ff i l iat es (“E l l e x”) w i th

respect to a d ispu t e pu rsu a nt to w h i ch th e C omp a ny has bro u ght a n Acti on ag ai nst E llex all egi ng pa ten t in frin g e m e n t i n r esp ect of one o r mo r e o f t he pat en t s licens e d to the C omp any fr om Stanford p ursu a nt to

the S t an f ord A g r e ement, among oth ers (such A cti on, the “E l l ex D is p u t e” and su ch settleme nt, th e “E l le x

Se t t l e me n t”). In conne c tion w ith the f o regoing, the Part ies a g ree that (A) the C o m pany and/or i ts A f f i l i a t es sha ll be e n t i tl ed to, and Acquir or and i ts A f f i l i a te s h a ll not i n ter f e re in any res pect w ith t he Company and/or

its Affiliates’ right t o, recei ve an y proce ed, compe nsa ti on or an y oth e r p ay m ent ma de by E llex in co nnecti on

wit h t he Ell ex S e ttl e me n t, inc l u d i ng s e ttl e me n t p a y m e n t, a nd (B) Ac quir o r s h all r e a s o n ab l y c o op e r ate wit h t he Co m p a ny and it s Af filiate s (a t t he Co m p a n y’s ex p e n s e) i n co n n ecti on wit h t h e E lle x S e ttl e me n t, a t t h e

requ est and e xpe nse o f t he C ompan y; pro vided, in ea c h ca s e (A)-(B), t hat th e C ompany has comp lied wit h,

and he reby agr ees to comply wi th, a ll t e r ms and c ondi t ions of the St anf o rd Agree me nt appl icable to

“Opt i Med ica”, m u t a t i s m u t and i s, i n clud ing by ob t a ining Sta n f o rd’s con sent or a g ree ment as r equi red and

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paying to S tan ford por t ions of a ll proc eed s, c o mpens at ion or ot her payments m ade by E ll ex t h at are or beco me payab le to Stanf o rd in a cco rda n ce wi th the S tanf o rd Agree men t.

(b) The C o m pany co nfirm s that the E llex Se ttleme n t i n cludes a d ismissal of all of Elle x’s coun t e r claim s ag ain s t the C omp any wit h prejud i ce, wit h s uch release p r ec l u ding any clai m ag ain s t A cquir or.

8.4E m p l oyee M a t t e r s.

(a) P r op r i e ta r y I n f o r m a t i on an d I nven t i ons A ss i gn m ent A g re e m e n ts. T he C omp a ny sh all, prio r t o t he Cl osi ng, r eas onably coo p e r ate wit h A c quiro r to assist Acqu iro r to c a use ea c h B u sines s Emp l oyee o f th e C ompany ente r into and exe c ute an employ e e pro priet a r y info rmation ag reeme n t or a consulta nt p r op rietar y informa tion ag r e ement, as ap p lica ble, p r ovid ed th a t (i) forms o f such agre eme n t s shal l be reaso na ble and c u st omary, and (ii) A cquiro r shall pro vide op p o rtun ities f or the C ompany t o review such ag r e eme nts in adva nce. F o r clarity, A c qu iror s hall be a r a n y a n d all co sts and expenses to be in cu rred in c onne c tion with Employee Pro p rie tary I nform ati on A g reemen t a nd/o r C onsu lta n t Prop rieta r y I nform a tion A gre ement.

(b)I n te n t i on a l l y Om i t te d.

(c)T r an s f e r r i ng E m p l o ye e s.

(i) A cquir or shall, or sh all c ause an Affiliate of A c q uiro r to, offer emplo ymen t effec tive on th e Clo sing D ate, to c ertain B usi nes s Employee s ide ntifi ed by A c q u ir or, in clu ding al l such B u sin ess Emp l oye e s w ho are abse nt d u e to vacati on, family le ave, sho rt-term d i sability o r oth e r app r oved l eave o f a bsen c e (th e B usiness Employee s w ho acc e pt such emp l oy m ent a nd co mme n ce emplo ymen t on the Cl osi ng D ate, the “T r a n sf e rr e d E m p l o y e e s”).

(ii) For a p eriod o f tw elve (12) mo nths fo llo wing the Cl osi ng D ate, A cquir or s h a ll, o r shal l cause it s Affiliat es to, (i) not redu c e o r ca use to be re d uced, the bas e sal a r y, b ase wage o r targ et b o nus opp ort un iti es (ex clu ding eq uit y-based compe n satio n) of e ach T ran s f erred Emplo y ee fro m the lev e l in eff ect f or such T ran sferred Emp l oyees fro m base sal ary, wages or bon u s oppo rtu nities pro vided by the C omp a ny immediately p rio r to th e Closing, (ii) pro vid e th e Tran sferred Emplo y ees with emplo y ee b e ne fits, i n clu ding re tir e ment and w elf are ben efits (“A c q u ir o r P l an s”) th a t are no less fav ora ble in the ag greg ate than th ose pro vid e d by th e C o m pa n y imme diately prio r to the Closi ng, and (iii) pro vide the Tra nsferr ed Employ ees with se ve rance bene fit s that are no les s fa vorable i n the aggreg ate t h an the pra cti ce, plan o r po licy i n e ffec t fo r such Transferred Emp l oyee immed i ately p rior to th e Clo sing. With respe c t to any such A cquiro r Plans fo r the ben efi t o f a ny Transferred Emp l oyee, eff ective as of the Clo sing, Acqu iror sh all, or shal l cause its Affiliat e to, r ecog nize al l s ervice of th e Tran sferred Em plo y ees wit h the C ompan y, as if s uch s e r vice w ere with A cqu iror, for vesting, eligib ility an d ac cru a l purp ose s; pro vid e d, ho w ever, such s ervice sh a l l not be rec ogn i zed to th e e xte n t th a t (x) such recog nition w o uld res u l t in a dup lic a tion of benefit s or (y) such serv ice w as n o t r ecog nized u n der t he corre s p ond i ng A cquir or Plan. F o r pu r pose s of determin i ng e ligib ility to p articip ate, vesting and e ntitl eme n t to ben efits w here len gth of ser vic e is r e l e v ant und e r a n A cquiro r Plan, to the exte n t p ermitte d by a pp lic a b l e Law, and sub jec t to any a p plicab l e bre ak-in-serv ice or simil ar rule, Acq u iror will us e co mmercially rea s ona ble effo rts to pro vid e or ca use to b e p r ovid ed servic e credit und e r the A c qu iror Plan to e ach Tran sferred E m plo y ee fo r his o r her period of ser vic e with the C omp a ny prio r to the Closi ng, e xce p t w here d oing so w o uld c a u s e a du plica tion of ben efits.

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(iii) A cquir or will use co mmerci a lly reaso nab l e efforts to cause any pre-e xisting cond iti on, a c tiv ely-at-w ork, or simila r limita tio ns, eli gib ility w a iting p erio ds, a nd evide n ce o f insurability re q u ireme nts u nder any Acq uir or Plan th a t is a group h e alth plan to be waiv ed wit h respect to Tra ns ferred Emp l oyees and th eir eligib l e dep ende nts in accorda n ce with app licable Law and to pro vid e credit for a ny co-pay men ts, dedu cti b l es, out-of-po c ket e xpen s es, and offsets (o r similar p a y m ent s) made d u ring the plan y ear of su ch A c quiro r Pla n in w hich the Cl osing o c cu r s (to the e xte n t th e Clo sing o ccurs other than on the last day of the plan y e a r) fo r purp oses of s a tisfyin g any ap plicab l e co-pay, d e d ucti ble, o ut-of-pock et, off set or simila r re qu ireme nts un der th e A cqu iror Plan u n der w hich Transf erred Emplo yee is eligible to particip ate after the Clo sin g.

(d) C oop er a t i on wi t h A c q u ir o r. The C ompany sh all, o n or p rio r to the Cl osi ng, use it s co mmerc ially rea sona ble efforts to coo p erate wit h A c quiro r with respec t to c o mmu nic atio n of o ffers o f emplo yme n t to the B usin e s s E m plo y ees, in c l u ding by giv i ng A cq uir or and it s R e pres entatives r easo nab l e access to such B usi ne s s Emp l oyees, to the ex t ent p e rmitted by ap plica ble Law. Furth er, wit hout th e prio r written c onse nt o f A cqu iro r, the C o m pany shal l not (i) so lic i t or tra nsf er an y B usin ess E m plo yee t o Topc o n or its A ffiliat es oth e r th an t he C omp any, o r (ii) p a y an y sev era n ce o r o t her termin a t i on pa yme nt (ex c ept a s o w ed pursu ant t o any C on tr act in eff ect on o r pri or to th e A gre eme n t Date) to any B usin ess E m plo yee p rio r to th e Closing. T he C o m pany sh a l l be resp on sib l e f or ninety perce n t (9 0%) of sev eran c e co sts o wed purs u ant to ex isting C o ntr acts for all B usiness Emp l oyees employ e d at t he Facility a nd not ret a i n ed b y A cquir or imme diatel y a fter the Clo sing, a n d Acqu iror shal l be respon sible fo r th e remaining ten p erce n t (10%) o f s u ch c osts.

(e) T er m i n a t i on of E m p l oy e e P la n. Effecti ve as o f th e Cl osing, the P arties ackno wle dge and agre e th a t t he Tra ns ferred Emp l oyee s sh all ceas e a cti ve pa rticipation i n the Employee Plan. T h e C o m pa n y shal l r ema i n li abl e fo r al l eli gible claim s fo r be n e fits under the Emp l oyee Plan th a t ar e in c u rred by th e Tran sferred Emp l oye e s pri or to th e Clo sing. For p urp oses of this A g reeme nt, the f ollo wing c laims sh a l l b e dee med to be inc urr ed a s f ollo ws: (i) life, accid en t al death and dismemb ermen t, s hort-t e r m disa bilit y, a n d w orkers’ co m pen sation in s uran c e benefits, on the ev e nt g i ving rise to s uch b en efits; (ii) m ed ical, v ision, dental, a n d prescriptio n d r ug ben efits, on the d ate t he ap plic ab l e serv ices, mate rials o r sup plies wer e prov i de d; and (iii) lo n g-term disa b ility be nefits, on the eligibility d a t e d etermined by the long-term disa b ility i nsuran c e c arrie r for the plan in w hich the a p pli cable Tr ansfe rred Emplo yee p articip ates.

(f) N o E m p l o y me n t C o mm i t m e n t or P l a n A me n d me n t s. U nless ex pre ssly state d in th i s A gre ement, no prov isio n o f this A g reeme n t is in tend e d, or sh a l l be i nterp ret ed, t o pro vide o r cr eat e a n y th ird party ben eficiary ri gh t s or any other rig hts of any kind or nat ure w h atso e ver i n any B u sines s Emp l oy e e or o t her em plo yee, consult a nt, co n tractor or a ny other Perso n, inclu ding any rig hts of emp l oy m ent or oth e r service for any sp e c ifi ed p eriod a nd/o r any emplo yee bene fits, in fav o r of an y Pe rson, uni on, asso ciatio n, B usin ess Emp l oyee, or other emp l oyee, con s u ltan t or con tractor or a n y oth er Person, o t her than A cqu iro r and t he C omp a ny an d t h e i r respec tive succ essors and p e rmitte d assi gns, a n d al l pro visi ons o f th i s A gre emen t wil l be pe rson a l solely among su ch parti es. I n addition, no prov isio n of th i s A greemen t i s in t ended, o r sh all be in t erpret ed, to esta b lish, amen d or mo dif y any te r m or co n dition of a ny em plo ye e rel a t e d p l an, prog r am or polic y of the C omp any.

(g) L e gal C o m p l i a n c e. A cquir or sh all, and shal l ca use its Affiliate s to, c omply with al l app lica ble Law s in con nection with it s solicitation, hiring or retentio n of any Emp l oye e s or B usiness Emp l oye es. Acq uir or ack n o wledge s a nd agrees th a t any L o s s arisin g fro m t he ret ention, solicit a tion o r hiring of t he Transf e rred Emplo yees sh a l l be so l ely the resp o nsi b ility of Acquir or, and u n der no cir cumst ance s shal l th e C ompany or any o f its A ffiliat es be re s pon sib l e fo r a n y s uch m a tte rs.

8.5COBR A C on ti nua t i on C o ve ra g e. The Company s hall be solely respons ible for prov i d i ng cont inua t ion cove rage und er COBRA to those ind i v iduals who are M&A quali fied bene f ici a r ies (as de fi ned in

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Tr e a s u r y Re gulati ons S e cti on 54.4980B-9, Q&A-4(a)) wit h re sp e c t t o t he tr a n s a c ti o n s c o n t e m p l ate d by t h i s Ag r e e me n t (c oll e cti vel y, t h e “M&A Q u a l i f i ed B e n e fi c i a ri e s”). Th e Co m pany s hall i n d e m nif y, d efe n d a nd ho l d ha r ml e s s Ac q uir or and it s Affilia t e s f o r, fr o m a n d ag a i n s t a ny a nd a l l claims, lia b iliti e s, l oss es, c o s t s and e xp e n s es (i n c l u d i ng a tt o r n e y’s fe e s) relati ng t o, ari s i ng out o f, o r r e s ulti ng fr o m any a nd all COBRA ob li gati on s, lia bilitie s and c l aim s r e l a t ed t o M&A Qu alifie d Ben e ficiari es a nd all o t h e r qu a lifi e d b e n eficiari es (a s defi n ed i n Code Se cti on 4 9 80B(g)(1)) w it h r e s p e c t t o t he Co m p a ny’s g r oup h e a lt h p l a n s. Th e Co m p a ny f u rther agre e s a n d acknowledg e s that i n t h e e v e n t t h a t t he Co m p a ny c e a se s t o p r o v i de any g r o u p h e alt h p l an t o a n y e m p l oy e e p rior to t he e xpir a ti o n of t h e c o ntinuati on c ov e r age peri o d for a l l M&A Qu a lifi e d Be ne ficia r ie s (p u rs u a n t t o Tre as u r y Re g u l a tions S e cti on 5 4.49 8 0B-9, Q&A-8(c)), t h e n t he Co m pa n y s h a l l p r o v i de Ac qu ir o r wit h (a) writt e n notic e o f s u c h c e s s ati on as f a r i n ad v a nc e of s u c h cess a tion a s i s r e a s on a b l y p r a ctic a b l e (a nd, i n a ny e ve n t, at l e a s t thirt y (3 0) days pri or t o s u c h c e s sati o n), a nd (b) all i nform a ti on ne c e s s a r y o r app r opri a t e f o r Acq u i r or t o off e r c o nti n u ation covera g e t o s uch M&A Qu a lified Be n eficiari e s.

8.6 T a x M a t t e r s. Except as s et f o rth in this S e c ti on 8.6, the C o mpany w i ll be respons ible for t he prepa r a ti on and t i m ely f i l i ng of all Tax R e turns of t he Company and sha ll have t he autho r i ty to make any el ect i on avai lab le and co ll ect any t ax r e fund wi th res pect to s uch Tax Retur n s. Such Tax Ret u rns sha ll be t rue, co mpl e te and cor rect and p repa red in accor d ance w ith a ppl ica b le Law. The Company wi ll be respon si b le for and wi ll pay when due a ll Tax es r e fl ect ed on such Tax Returns. In the case of any real or pe r s onal p rope r ty T a x es or s i milar ad val o r em Taxes r e l a ti ng or at t r ibut able to T rans f e rr ed A sse ts t hat a re r epo rt ed on a T ax Ret u rn cover ing a peri od com menci ng on or b ef o re the C l o sing D a te and end ing a f ter the C l o sing D a te (“S t r ad d l e P e r i od T a x e s”), any such Straddle Pe ri od Taxes sha ll be pr o r a ted bet ween Acqu ir o r, on the one hand, and the C o mpany, on the o the r, on a per d i em ba s is. The pa r ty requi red by app li cab le Law to pay any such S traddle Pe riod T axes (the “P ay i n g Pa r t y”) sha ll pr epare and t i m ely f i le the Tax R et u rns wi th re spect the r e to in the t i me and m anner req u ir ed by Law and sha ll t i m e ly pay a ll Tax es ref lec ted on such T ax Returns. To the ext ent such paym ent exc eeds t he obl iga t ion of the Paying P a r ty h ere unde r, t he Paying Pa rty sha ll be ent i t led to be r e i mbur sed by the ot her par ty (t he “N on-P a yi n g Pa r t y”) for the Non-Pay ing Part y’s sha re of such S t raddle Pe ri od T axes w i thin ten (10) B u si n ess Days of re ce ipt of reasonab ly s a t isf a c tory ev i dence of the a mount of su ch Straddle Per iod Taxe s.

8.7 E xpen s e s. W h et her or not the Tr ans act ions are cons u m m a ted, except as speci f i cal ly prov ided in this Agr e e m ent or any Rel ated A g re e m ent, e ach party sha ll be r e spons i b le for i ts own expenses and c o sts that it incu rs (whe ther pa id p ri or to, at or a f t er any C los i ng) wi th res pect to t he ne got iat ion, exec u t ion, d e l ive ry and per for ma n ce of t h is A g re e ment and t he Rel at ed Agr ee me n ts.

8.8 R e l e a s e o f L ie n s. The C o mpany sha ll, at or pr ior to the Clos ing, f i le or cause to be f i led a ll agr eem ent s, ins t r u men ts, c er t i f ica t es a nd other docu me n ts, in form and subs t ance rea sonably s a ti s f a ct o ry to Acqui ror, that a re ne ces s a ry to e f fect t he r e l e ase of a ll Liens on the Trans fer red A sset s, if any.

8.9 A c c e s s t o I n f o r m a t i o n. F rom the Agr e e ment Date unt il the C los ing, t he C o m p any s h a ll a f ford Acqui ror and i ts Repr e se n t at ives re a sonab le acc ess to, upon r eas onab le no t ice and dur ing no r mal bus ine ss hours and in such m anner so as not to i n te r f e re w i th the conduct of the B u si n ess, (i) the a ss e ts, pr ope r t i es, Books and Recor ds and Con tr acts of t he Company r e l a ti ng to the T rans f e rred A s s ets and t he Busine ss, i n clud ing a ll T ra n s fer r ed IP and Li censed IP, (i i) a ll Busi n ess E m p loyees as i den t i f ied by A cqu ir or and conse n ted to by the C o mpany in w ri t ing, and (i i i) all o ther i n for m a tion r el a t ing to the T rans f e r red A sse ts, B u si n ess Employe e s, L ice n sed IP a nd the Busine ss (subj ect to res t r i c t ions i mposed by app l ica b le Law) of the C o mpa ny as Acqui ror may r easonab ly reques t; provided, howeve r, that the Com p any sha ll not be r equ ired to d is c lose any inf o r m a tion or a llow acc ess to any such ass e ts, p roper ti e s, Books and Recor d s, Con tr act s, Tr an sf e rr ed IP, L ice n sed IP or infor m a ti on to the ext ent t hat the Compa ny re a sonab ly de t er mi n es s uch i n for m a ti on cons t it u tes inf o r mat ion (i) t hat any a ppl ica b le Law or O rder requ ir es the C o m pany to r es t ri ct or p roh ibit acc e ss to such i n for m a t ion, (i i) ac ce ss to whi ch may jeopa rdi ze t he Compa ny’s p reser vat ion of at torney-cl i ent p ri v i lege, work product, or ot h er ap p l i cable p ri v i lege app l ica b le to such documents or inf o r m a t ion (p r o v i d ed, that the p a r t i es sha ll use c o m me r c ial ly rea sona b le ef for ts to ta ke such reasonab le m e as u res as wi ll pe r m it the c o m p l iance with such ob li g a t ions in a manner that avoids any such ha rm or

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consequenc e), (i i i) that r e l a tes to a thr eat ened or f i led A ct ion invo l v ing t he Com pany, on the one h and, and A c quir o r, on the o ther hand, or (iv) access to which may cont ravene any ap p l ica b le Law, f idu ci a ry duty or bindi ng ag ree me nt ent e red i n to pr ior to the Agree ment Date. Not w it h s t anding any t h ing h e r ein to t he con t r ary, ne i ther A cqu ir or nor any of i ts R e p r e se n tat ives shal l, wi thout the p ri or wr i t t en consent of the C o m p any, make inqui ri es of Pe rsons havi ng busi n ess rel a t ionshi ps w i th the Company (i nclud ing suppl i e rs and cus tom e r s) regar d ing the C o mpany or such busi n ess r e l a tion ships.

8.10N o ti f i c a t i on o f C e r t a i n M a t te r s.

(a) T he C omp a ny sh all give p r ompt n otice t o Acqu iror of: (i) th e occ urre nce o r non-oc c urre nce of any e ven t th a t cause s a n y rep rese nta tion or w arr ant y of th e C omp any c o ntain e d in this A gre eme n t to b e untru e o r in acc urate at or p rior to t he Clo sing Dat e, (ii) any fa ilure of th e C ompan y to co m ply with o r satis f y any cov e na nt, con dition o r ag reeme n t to be c omp li ed with o r satisfied by it hereu n der a nd (iii) t he occu rrence o f a M ateri al A dvers e Effe c t on o r p rior to the Closin g; p r o v i ded, h o w e v e r, th a t th e d elivery o f any n otic e p ursu a nt to t h i s S e c t i on 8.10(a) s ha l l n o t (a) limi t or otherwi se affec t any rem ed i es availa ble A cquir or o r (b) c on stitu t e a n ackno wled gme n t o r a d missio n of a b r each of th i s A greement.

(b) A cquir or sh all give promp t notice to the C omp a ny of: (i) th e o ccu rren c e o r non-occ urre n c e of any e v ent th a t ca use s a ny represen t a tion or w arra nty of A c qu iror c on tain ed in this A g r e emen t to b e untru e o r i nac curate at or p rior to the Clo sing D ate, and (ii) a ny failu r e o f Acq uiro r t o c omply wit h o r satisfy any coven an t, condition or agreem ent to be c omp lied with or s a tisfie d by it h e r eu nder; pro v i d e d, ho w e v e r, th a t the de liv ery o f any n o tice p ursu ant to t his S e c ti on 8.10(b) sh all n ot (a) limit or o t herwise aff e c t a n y rem ed i es a vaila ble to t he C ompan y or (b) con stitute a n ackno wled gmen t o r admissio n of a bre ach o f th i s A gre ement.

8.11 Po st-C l o s i ng M a n u f a c t u r i n g C oop e r a t i on. The pa r t ies acknowledge t hat the Company is cur ren t ly lea s ing the Faci l i ty f rom M ichael L. Sa nde rs and M ichel le Shee han-Sande rs (the “Liver m o re L e ss o r”) pu rs uant to the S tanda rd Indus t r i a l/C o m mer c i al S ing le-Tenant L ease – N et be t ween the C o mpany and the L ive r more Less or dated Apr il 4, 2016 (as a m ended), and t he C o mpa ny p lans to subl ease the Fac i l ity to Acqui ror pur suant to the ter ms and cond i t ions s et for th in a subl ease agr eem ent to be entered i n to be t w e en the Par ti es on or a round the d a te here of and in sub st ant i a lly the f o rm of Exhibit C her e to (“L iver more Subl eas e”), s u ch suble ase to bec o me ef f e c t i ve upon the C los ing. Com p any sha ll pe r m it Acqu i ror to manu fa c ture the Bus iness P roducts at the Fa c i l i ty for a pe r iod of one (1) ye ar f o llow ing the C los ing pur suant to and s ubje ct to the te r ms of t he Live r more Sublea s e; p rovided, that Topcon or i ts A f f i li a te, on the one hand, and A cqui r o r, on the o ther ha nd, sha ll ea ch bear f i fty per cent (50%) of all lea s ing co s ts f or t he Faci l i ty dur ing such p e r iod. A cquiror shall pay to Topcon (or i ts de s ign ee) a lump-sum, up front payment in an a mount equ al to f i f ty p e r cent (50%) of the cost of l ease f or the Fa ci l i ty f or such one (1) year term, and prov ided, f u rt h er, that the actual t im ing and m e thod of pa y ment f or such cos ts shall be d iscu ss ed and ag r eed by the pa r t i es separ a t e ly in good f a i th. Company sha ll cease use of its manu fac turing f aci l i ty at 2526 Q u me D rive, Sui te 16, San J o se, C a l i for n ia, and sha ll be ar a ll cos ts a ssoc iat ed wi th t e r mi nat ion, inc luding but not l i m i ted to any seve rance pa y m ents f or N on-Retai ned E mpl oye es at s u ch f aci l i ty. The t i m ing and m e thod of pay m ent for such cos ts sha ll be di scus sed and ag r eed by the Pa r t i es separat e ly in good f a i th.

8.12 Po st-S i g n i ng C o n t r a c t. If the Com p any or any of i ts A ff il ia tes en t e rs int o, bet w e en the A g ree me nt Date a nd t he C los ing D a te, any mat e r i al Con t r a ct t h at is (or wi ll be) u sed in, he ld for us in, or rel a t es to, the B u s ines s, the Trans fer red A s s e ts or the Bus ine ss Em p loyees (a “Pos t-S i gn i n g B u si n e s s C on tr a c t”), the Company sha ll prompt ly de l iver a no ti ce to Acq u ir or t h at the C o m p any has ent e r ed i n to such Post-Sign ing B u si ness Con tr act, which no ti ce sha ll inc lude a copy of s u ch Cont ra ct and indica te whe ther or not s u ch Contr a ct is (or w i ll be) us ed in, held f or us in, or r e l a tes to, the Bus iness, the Tran s f e r r ed A ss e ts or the B u si ness E mployees and (i i) wi th re s p ect to any Pos t-Signing Bus iness Contr act that is (or w i ll be) us ed in, h eld for us in, or r e l a tes to, the Bus ine s s, the T rans f e rred A ss e ts or the Busine ss E m p loye es, Acq u i ror s h a ll be ent i t led to des i gnate (by w r i tt en no ti ce de l ivered

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to t he C ompan y), w hether s uch Po st-Sig ning B usin ess C ontra ct wil l c on stitu t e a “Tran sferred C on tra ct” (an y such con trac t so de sign ated by A cqu iror, an “A d d i t i o n al T r a n sf e r r e d C on t r a c t”).

8.13 Pa r t s. For a pe ri od of seven (7) yea rs f o l low ing the C los ing, A cqu i ror agr ees to con t inue to p rov ide, on a subs tan t i a l ly s i m i l ar b asi s, the ser v i c es c u rr ent ly provided by the C o mpany w ith r espect to t he supp ly of spa re par ts and ma nuf a ct u r er re pa ir ser v ices f or t he Bus iness Product (inc lud ing wi th respect to any such p rodu c ts a l ready del ive red to us e rs). The obli gat ion of A cqu i ror und er t h is Sec ti on 8.15 sha ll sur v ive t he t e r m ina t ion of this Agree me n t.

8.14 Po st-C l o s i ng S a l e s. Not withsta ndi ng anything her e in to the cont r a ry, dur ing the peri od st a r t ing fr om the Clos ing D ate a nd ending on the da te on whi ch the Exclus ive D i s t r ibu ti on R ights be c o mes e ff ect ive, t he Compa ny and i ts A f f i li a t es sha ll have the right to c onti nue to s e ll and d i s t r ibu te produc ts man u fac tured by the Compa ny (i n cl uding the Busine ss Pr oduc t), and under no ci r c u ms tanc es sha ll Acqui ror or i ts A f f i l ia tes take any act ion to i n t e rf e re w i th or othe r w i se h inder such r igh ts of the C o mpany and i ts A ff i l i at es under this Se c t i on 8.14. Not w i ths tan d ing the for ego ing, t he C o mpany and i ts A ff il iat es sha ll be p e r m i t ted to, and no t h ing sha ll p rohibit or re s t r ict the C o mpany’s and its A f f i l iat e’s abil ity to, se ll and di s t r ibu te for a per iod of (i) thr ee (3) m ont hs f o ll o w ing the Clos ing Dat e, or (i i) if longer, unt il such t i me that Acqui ror ob t a ins the appr oval of t he r e levant Gov er n men t al Ent i ty to se ll a nd m a rket t he Busi ness Product in the United S t a tes the p rodu cts manu fac t u red by the C o m pany in acc o rda n ce wi th any Cont r act in e f fect as of the Clos ing D ate.

8.15N on-So li c i t a t i on a n d N on-C o m p e t i ti o n.

(a) N onco m p e t i t i on. F o r a p eri od of thre e (3) years after t h e Clo sing Dat e, ea ch of T o p con and the C omp a ny wil l n ot, dir ectly o r ind ire c tly, e nga g e in any b usi nes s directly i n comp etitio n with the B usin ess as o perated a s of the Clo sing D ate (c o llectiv ely, a “C o m p e ti n g B u si n es s”), p r ov i d e d, h o w e v e r, th a t no t hing her e i n sh all p r ohibit o r restri ct To pcon o r any of it s Affiliates fr om purch asi ng or oth e r wise acqu iri ng up to fiv e p ercen t (5%) of a n y c l a ss o f the se curities o f any P erson if s u c h sec uritie s a r e list ed on any n atio nal or regio n al securities exchange or h ave been r eg istere d und e r S e c tio n 12(g) o f th e S ecu ritie s E xchan g e A ct o f 1934, a s amen d ed. For clarifi c ation, t he restrictio ns in this Se c t i o n 8.15 sh all n o t ap ply t o the a c tiv iti es o f Topcon o r it s Affiliate s to the exte nt su c h activitie s a r e req u ired o r au t ho riz e d to b e perf o rmed in con n ection with the M anu factu ring S ervices A gre eme nt, t he Distr i buti on A gre e ment o r in conne cti on with t he ope r a ti ons o f the C ompany (oth e r th an the B u siness) as of t h e A g r e eme n t D ate. For fu rth e r clarification, th i s S ection 8.15(a) is n ot inte n ded t o restrict or limit, an d sh all not be deemed to restrict or limit, any o f th e obli ga tio n s of To pcon or it s Affiliat es (o r any o f t he ri ghts o f Acq uiror) un de r Section 2.4 of the Distribu ti on A gre eme nt.

(b) N on s o l i c it a t i on a n d N on h i r e. For a p erio d of tw o (2) y ears a fte r t he Cl osi ng D ate, each of T opcon and t he C ompany will n ot, d irectl y or in directly solici t or se ek to h ire a ny Person w ho w as an employ e e of th e C ompany w ho w as directly engaged i n the B usi ne s s immediatel y prio r to t he Clo sing (each an “E x cl u d e d E m p l oye e”), prov i ded th a t n othing herei n sh all restric t T o pcon or it s Affiliates from h iri ng any such E x c l u ded Emplo yee w ho (x) h as termin ate d its emplo yme n t relatio ns hip with Acq uiro r o r the C ompan y witho u t a ny direc t o r i nd ire c t enco uragem ent or so licit a tion by T o p con o r a n y o f its Aff iliate s t o te rmin ate it s emplo ymen t o r (y) re spon d s to a b ona fid e j ob adv ertiseme n t of ge neral circ ula tion ma de by T opcon or an y of its Affilia tes (w h eth e r po sted on t he in tern et or in a ne wspa per, maga zin e or othe r pub licatio n).

(c) Mod i f i c a t i on o f C o v e na n t. I f a fin a l ju d g ment of a co urt o r tribu n al of c omp eten t ju risdiction d etermines th at any term o r pro vision contained i n th i s S e c ti on 8.1 5 is i nvalid or un e nforc e ab l e, then the P artie s ag r ee t hat the co urt or tribun a l will have th e pow e r to red uce the sc ope, d uratio n o r geog raph i c are a o f the ter m o r pro vision, to d elete s pecifi c w ords or p hrases or to r epl ace any i nv alid or unenforc eable ter m or pro v ision wit h a term or pro visio n th a t is va lid and en f orc eable a nd th a t c ome s clo ses t

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to exp ressing th e in ten tion of th e inv ali d o r une nfo r ceab l e te r m or prov isio n. T his Se c ti o n 8.15 wil l b e enforc e ab l e a s so mo dified afte r the ex pir a tion of th e time wit hin w h i ch the j ud gme n t may be ap pealed. Each of T opcon and the C ompa n y ac k no wle dges this S e c t i on 8.1 5 is reason a ble and ne cess a r y to pro t ect and p res erve the A cquiro r’s and its Affiliat e s’ le g itima t e bu sine s s intere sts.

Artic l e I X

P O S T-CLO S IN G I ND E M N I F I C A T I O N

9.1 Su r v i v al.

(a) C o m p a n y R ep r es e n t a ti o ns and W a r r a n t ie s. T he rep r esenta tio n s and w arra n ties of the C ompan y set forth in this A greemen t o r in a ny ce rtifi cate or other i nstrumen t delive r ed b y o r on behal f o f the C ompany in co n ne ctio n h erewith sh all surv i ve u nti l 1 1:59 p.m. (P r evailing Pac ific T im e) on the d a t e th a t i s eigh t een (1 8) mon t hs foll o wing the Clo sing D a t e (th e d ate o f e xp irati on of such period, th e “Exp i ra t i on D at e”); p r o v i d e d, ho w e v er, (A) th a t th e r eprese ntatio n s and w arran ties o f t he C ompan y se t fo rth in S e c t i on 3.11 (I ntelle c t u a l Pro perty) a nd Se c ti o n 3.24 (R eg ulatory Matters) (t he “C o m p a ny Sp e c i fi e d R e pr e s en t a t i on s”) sh all su r vive un til 1 1:59 p.m. (Pre v ailing Pacific T ime) on the da t e th a t i s twen t y-fo u r (24) mon t hs foll o wing t he Closi ng D a te, a nd (B) t hat the re presentatio n s and w a rran tie s of th e C omp a ny set f o rth in (i) Se c ti on 3.1 (Organ i z ation and G ood S t a ndin g), (ii) Se c ti on 3.2 (A u t hority and E nforc e ab ility) (iii) Se c t i on 3.3 (Titl e and C ond ition of Tra nsferr ed Ass ets and (iv) Se c t i on 3.2 2 (N o Brok ers), in ea c h case, as ap plica ble (co llectiv ely, the “C o m p a ny Fun d a m e n t a l R e p r e se n t a ti o ns”)”) sh all survive u n til the lat er o f (i) 1 1:59 p.m. (P r ev ailing P ac ific Time) on the d ate th a t i s five (5) y ears follo wing the E x p ira tion D a te, a n d (ii) 11:59 p.m. (Prev ailing P acific T ime) on the d ate that is t h irty (3 0) days aft er th e exp iration of t he lon ges t statu t e of limitatio ns ap p lic able to th e su bje ct ma tte r of such r epre sentatio n or w arranty (afte r giving eff e c t to any w aiv er, mitig a tion, t olling o r exten sion th ereof); pro vid e d, furt her, th a t i n t he even t o f Fra ud with respect to a r eprese ntatio n or warr anty o f th e C o m pany, such re pres en tation o r w arranty sh all survive ind efinit ely solely for t he p urpo s e o f a ny cla ims a risi ng out of such Frau d; p r o v i d e d, f u rt h e r, th a t any c laim s asserted in ac c ord a nce with the proc e du r es set f o rth in th i s Arti c l e I X p rio r to the Expiration Date o r oth e r app lica ble s urviv a l p eriod s hal l not th ere afte r be barr e d by the ex p ira tion o f th e relevant represen t a tion or w arra nty, and s uch cla ims s ha l l s urv i v e u nti l fin all y res olved.

(b) A c q u i r or R e p r e se n t a ti o n s a nd W a r r an t ie s. T h e r eprese ntatio n s a n d w a rranti es o f A cquir o r set fo rth i n this A g reemen t or in any c ertificate or oth e r in str u m ent deliv ered by o r on be h a l f of A c q u iror in con nection her ew ith s hall s urvive u n til 1 1:59 p.m. (Prevailin g Pacific Tim e) on the E x p ira tion D ate; pro v i ded, h o w e v e r, th at (A) th a t th e representa tio n s an d w arran ties of Acq uir or se t forth in (i) Se c ti o n 4.1 (Organiz a tion and Stan din g), (ii) Se c ti o n 4.2 (A uth ority a nd E nfo rce a b ility) an d (iii) Se c ti o n 4.4 (N o Brokers), in ea ch ca se, as a pplica ble shal l su r viv e un til the late r of (i) 11:5 9 p.m. (Prev ailing P acific T ime) on the d ate th a t is fiv e (5) y ears f o llo win g the E x pirati o n Date, and (ii) 11:59 p.m. (Prev ailing Pa cific T ime) on the d ate th a t i s thirty (3 0) day s a fte r t he e xp iration o f th e lo nges t statu t e o f limit ati ons a pp lica ble to the subje ct matt er of such rep rese ntation o r warra nty (aft e r giving effe ct to any w aiver, mitig ati on, tolling o r extensio n there of); prov i d e d fu rth er, th at in th e even t o f Fraud with re s pec t to a re presen t a tion o r w arr an t y of Acqu iro r, such rep rese n t ati on or w a rranty sh a l l su r vive i nd efinitely; p r o vi d e d, f u rt h e r, t hat any c laim s asserted in ac c ord a nce with the proc e du r es set f o rth in th i s Arti c l e I X p rio r to the Expiration Date o r oth e r app lica ble s urviv a l p eriod s hal l not th ere afte r be barr e d by the ex p ira tion o f th e relevant represen t a tion or w arra nty, and s uch cla ims s ha l l s urv i v e u nti l fin all y res olved.

(c) C ov e na n ts. The co vena nts of the partie s to be p e r f o rmed pri or to the Closin g sh all surv i ve unti l the E x p ira tion D a te, and th e co ven a nts of the p arties to be perfo rmed at o r a fte r t he Cl osi ng sh a l l survive u n til p e rfo rme d or o t h erwis e i n a ccordan c e with th eir terms; pro vide d, fu rth er, th a t all su c h coven a nts of the p artie s to be perfo rme d at or after the Closi ng sh all su r viv e bey ond the E xp iration D a t e or other survival periods spec ifie d above with r esp ect to any b reach th ere o f if a clai m i s mad e hereun de r

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pri or to the exp i r a t ion of t he s u rvi val pe riod f or such covenant, in whi ch case s uch covena nt sha ll survi ve as to such claim un t il su ch cl a im has been f ina l ly res o lved.

(d) For th e av oida nce of d oubt and notwith sta ndin g an ything to the con trary se t fort h herein, it is th e in ten tion of the p arties he reto t hat th e resp ectiv e surviv al perio d s a nd ter mi na tion dat es set fort h i n th i s S e c t i on 9.1 su persede any a pp lica b l e sta t ute s o f limitatio n s t hat w ould otherwise ap ply to su c h rep r ese ntati ons, w arr an ties and c ertific a tions.

9.2I nde m n i f i c a ti o n R i g h ts.

(a) From and a fte r a nd by v irt ue of th e Cl o sing, the C o m pany (th e “C o m p a ny I nd e m n i f y i n g Pa r t y”) sh a ll, and h ereby a grees to, in demnif y and hold ha rmle ss A cq uiro r and its Affili a t e s (t he “A cq u ir o r I nde m n i f i ed P a r ti e s”) fro m and a ga i nst all L osse s p a i d, in c u rred, su ffered o r su sta i ned b y t he A cq u iror I ndemn ifi ed P a rties, o r a ny of th e m (re ga r dless o f w h eth e r o r n o t s uch L osse s relat e t o an y T hird P a rty Cla ims), dire c tly o r in d ire c tly r esulting from, arising o ut of, or rela ting to a ny o f t he follo win g:

(i) (x) a ny b r ea c h of, or ina c cura cy in, as o f the e xe c utio n and d e liv ery o f th i s A gre emen t or as o f t he Closing D ate, any rep r esentati o n or w a rranty o f th e C omp a ny co nta i ned in th i s A greeme nt (oth er tha n the C o m pany S p ecifi ed Represen t a tions o r C o m p a ny Fund ame ntal R epre s en tation s), o r an y b r each of, o r i na ccu racy in, a ny re prese ntation, w a rranty or certific a tio n in any certifica t e or oth e r i nstr u m ent d e liv ered b y, or on beh alf of, th e C o m pany pursuant to th i s A gre emen t a t th e tim e th at such c e rtific a t e or oth er instrume nt is s o d elivere d (other than to the exten t such breach, inaccu r acy o r certific a tion relates to a C ompany S p e cified Represe ntation o r C ompan y Fund ame nta l R e pres en tation) or (y) any A c t i on, i ncl udin g th e in vesti ga tion, d efe nse, pros ecu tion or settleme n t t here of, if an ad vers e jud gmen t in conn ection with s uch A ctio n c o u l d give th e A c qu iror I nd emn i fied Pa rties a c lai m fo r ind emn ification un der clau s e (x) o f th i s S e c ti o n

9.2(a)(i);

(ii) (x) a ny b r ea c h of, or ina c cura cy in, as o f the e xe c utio n and d e liv ery o f th i s A gre emen t or as o f th e Closing D ate, any C ompa n y Specifi ed Rep r ese ntatio n, or any breach o f, or ina ccu racy i n, any rep r ese ntation, w arr anty o r c ertifi cation in any c ertificate o r oth e r in str u men t de liver ed by, or o n be h a l f of, t he C ompa n y pu rsuan t to this A g r e emen t a t t he time th a t such ce rtificat e o r o t her instrume nt i s s o d eli ve r ed (to th e ex tent such bre ach, in acc ura c y or c e rtifi cation rel a t e s to a C o m pany Sp ecified Rep rese ntati on), o r (y) any Action, in clu din g t he inv estig atio n, defe nse, pros ecu tion, o r se ttleme nt t hereof, if an adv e rse jud gme nt in con n ection with such Action could give the A cq uir or I ndemnified P arties a c l a i m f or ind emnific ati on u n der c l ause (x) o f this Se c t i on 9.2(a)(i i);

(iii) (x) a ny b r ea c h of, or ina c cura cy in, as o f the e xe c utio n and d e liv ery o f th i s A gre emen t o r as of the Clo sing D ate, a ny C ompany F u nda m en tal R e prese ntatio n, or any bre ach of, or inaccura c y in, any r epr e s entati on, w a rranty o r certif ica tion in any certifi c ate or oth e r instru ment de liver ed by, or o n be h a l f of, t he C ompa n y pu rsuan t to this A g r e emen t a t t he time th a t such ce rtificat e o r o t her instrume nt i s s o d eli ve r ed (to th e ex tent such bre ach, in acc ura c y or c e rtifi cation rel a t e s to a C ompany Fu ndame nta l Rep r esentati on), o r (y) any A c tion, in clud i ng t he inv estig atio n, defe nse, pros ecu tion, o r se ttleme nt t hereof, if an adv e rse jud gme nt in con n ection with such Action could give the A cq uir or I ndemnified P arties a c l a i m f or ind emnific ati on u n der c l ause (x) o f this Se c t i on 9.2(a)(i i i);

(iv) any b r each, defau l t in p erform ance, or failure t o p erfo r m or co m ply b y th e C ompan y of a n y of its co v enan t s or ag reements s e t forth in this A gre emen t or a n y of th e Rel a t e d A gre ements;

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(v)any F r aud on the par t o f th e C ompa n y or any o f its R e prese ntati ves; a n d

(v i)any C o m pany Liabilit y.

(b) From an d aft er and by virtu e o f the Closing, Acq uir or (the “A c q u ir o r I nd em n i f y i n g P a rt y”, and to ge t her wit h th e C o m pany I nd emn ifying P art y, t he “I nd e m n i f y i ng P a r t i e s”) sha ll, and h ereb y agree s to, in d e m nif y and ho l d harmless t he C omp any and its Affiliate s (t he “C o m p a ny I nd em n i f ie d P a r t i e s”, a n d tog eth e r with th e A cquir or I ndemnified P arties, t he “I nd em n i f i ed P a r t i es”) fro m and ag ain s t al l Lo sses p aid, inc urre d, suffered o r susta i ned by th e C o m pany I nd e m nified P arties, or a ny of th e m (reg ard l ess of w h eth e r or not s uch L o s ses rel a t e to any Th ird Pa rty Claims), d irectly o r in dir e ctly resultin g from, arising o u t of, o r rel a ting to a n y of the follo wing:

(i) (x) a ny b r ea c h of, or ina c cura cy in, as o f the e xe c utio n and d e liv ery o f th i s A gre emen t or as o f the Closing D ate, any r eprese ntati on or warran t y of Acq uiro r contain e d in th i s A gre emen t (other th a n t he Fund ame ntal R ep res e ntati o ns), o r any bre a ch of, o r inaccuracy in, any rep r ese ntati on, w arranty o r ce rtifi cation in any certific ate o r oth e r instrume n t d eli vered by, o r o n beha l f of, A cquiro r p ursu an t to this A g reeme n t a t th e t ime th a t su c h c ertificate o r other instru ment is so d eli ve r ed, or (y) an y A c tio n, in clu ding t he in v e stig a tion, d efe nse, prose c u ti on or settlemen t the r eo f, if an adv ers e ju dgmen t i n con n ection wit h such A c tion c ould giv e the C ompa n y I ndemn ifi ed P artie s a claim for ind emnifica tion un d er cla use (x) o f t his Se c ti o n 9.2(b)(i);

(ii) any breac h, d efa ult in p erf ormanc e, or fa ilure to p erf orm or c omp l y by A cqu iro r of a ny o f it s cove n ant s o r agreements se t fo rth in this A gre eme n t or any of t he R elated A gre e men ts;

(iii)any F r aud on the par t o f A c quiro r o r any of it s Rep rese ntatives; and

(iv)any Po st-Clo sing A cquir or Liability.

(c) T his Art i c l e I X sh all be the sole and exclu sive remedy of t he I nd emnified P a rtie s a nd th e i r respec tive R e presentativ es fro m and aft er the Closi ng f or any an d al l cla ims o r o t h er m a tte r s a rising un der, out of, relati ng to, or in c o nnection with this A g r e e ment a nd th e T ransa c tions, i nclu ding cla ims o f a n y ina ccu racy in or brea ch o f a ny re pres ent a tion, w arra nty or cov e nan t in th i s A gre e m en t; p r o v i d e d, ho w e v e r, th a t (i) this Se c t i on 9.2(c) s ha l l n o t b e d eem ed a w aiv e r by any p arty of any right to s pecific perfo rma n c e or in j un ctiv e re lief, and (ii) not hing i n th i s A greeme nt, in c l u ding this S e c t i on 9.2(c), sh all limi t a ny cla i m or r eco urs e o f t he I nd emnified Parti es ag ain s t an y P ers on und e r or in con nec tion with S e c ti on 8.15 (N on- C omp etitio n and N o n-Soli citati on).

9.3G e ner a l I nd e m n i f i c a ti on P r ov i s i on s.

(a) A ny pay men t s m ade to an I ndemn ifi ed P arty pu rsua n t to any in d e m nification o b lig atio n s under this wil l b e treate d as a dju stments to the To t a l C on sid eratio n fo r T ax p urpose s a nd such ag r eed tre a tmen t will gov ern f or p urpo ses o f this A greeme nt, unles s oth erwise re qu ired b y app lic abl e Laws.

(b) For purp oses o f this A r t i c l e I X only, w hen determi nin g the amou n t of Los ses suffe r ed by an I ndemnified Pa rty as a r esu l t of any bre a ch or in acc uracy o f a re pre sen tation or warra nty or any f a ilu r e to p erform o r c omply with any co v enan t or agreem ent app lica ble th a t i s qu alified or limit ed in sco p e as to materiality o r M ateria l A d vers e Effect, su c h re prese ntation, w a r ran t y, co vena n t or a gre e ment sh all b e dee med to be ma de witho u t such q u a lifica tion o r limit ation.

(c) I n the even t th at a n I ndemnified P arty h as suffere d a L oss th at w o uld g i ve rise to a rig h t t o be in demnified und e r m ore than o n e of the sub clauses of S e c ti o n 9.2(a), such I n demnified P art y sh all b e

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ent i t led to make a c la im for such Los ses under any and all such subc lau ses; p r ov i d e d tha t, f or the avoi dance of doubt and no t wi ths tand ing any thing to t he con t rary in this Agr e e ment, in no event shall any Inde mni f i ed Par ty be ent i t led to any double recov ery wi th r espect to any par t icu lar Lo ss or cl a im or rec overy w i th res p ect to any even ts or s e ri es of eve n ts ar i s ing fr om the same or sub st ant i a lly the s a me fac ts m o re than once. For the avo ida n ce of doub t, no t h ing in t h is Agr e ement sha ll requi re any Indem n i f ied Par ty to m a ke any c laim und er this and, subject to the sur v ival pe ri ods s et for th in Se c ti o n 9.1, no such c l a im shall be waived or o the r w i se prej ud iced as a r e sult of any del ay in ma k ing s uch c l a im.

(d) T he amo unt o f any Lo s s p a yable u nd e r this Ar ti c l e I X by an I ndemnif ying Party s ha l l be net o f any amou nts actu a lly rec o ve r ed by the I nd emnif ied Party fro m insuran c e p o lic i es.

(e) N otwit hst an ding an ything herein t o th e co ntrary, (i) n oth i ng in this A r ti c l e I X sh a l l limit the li ability of any pa rty h ereto for any breach of an y representa tion, warra nty, covenant or a gre eme nt contain e d in this A greement, a ny R elated A greemen t o r a n y certifica tes or o t her i nstrume n t s e x ecuted and de liver ed by any p a rty in co nnection with t he Tra nsacti on if t he Tra ns action do e s n ot close, an d (ii) n othing in this A g r e eme n t sh all limit t he liabilit y of a n y Per s o n in con n e ction with a ny clai m o f fraud o r willfu l miscon d uct.

9.4L i m i t a t i ons on I nd e m n i f i c a ti on. The indem n i f i c a t ion p rovi ded for in Sec tion 9.2 shall be sub je ct to the fol lowi ng l i m i t a t ion s:

(a) T he I ndemnif ying P a rty shall n ot b e lia ble t o th e I ndemnified P art y fo r in dem n ific a tio n under S e c ti on 9.2(a) or S e ct i on 9.2(b), as the c ase m ay be, un til the ag gre g a t e amou n t o f all Los s es in respect o f in d e m n ification u nder S e c t i on 9.2(a) o r Se c t i on 9.2(b) ex ceeds $2 50,000 (the “B a s k et”), in w hic h event the I nde m n ifyin g Party sh all be r equ ired t o p ay or b e liab l e for Lo sses fro m the first d ollar. Wit h respect to any cla i m as to w hich th e I ndemnified P art y may be entitl ed to i nd e m nific ati on und e r S e c t i o n

9.2(a) or S e c t i on 9.2(b), as the case m ay be, t he Indem n if y ing Pa rty sha ll not be l i able f or any ind ivi dual or ser ies of rel a ted Losses w h i ch do not ex ceed $50,000 (which L o sses sha ll be coun ted tow a rd t he Bas ket).

(b) T he cu m ula tive i nd emn ifica tion o bligation o f C o m pany I nde m n ifyin g Pa rty for a n y ina ccu racy or breach of an y of th e rep rese ntati ons or w arra n ties und e r this A gre emen t sh all in no even t excee d $6,7 00,000 (the “C a p”). W itho u t limiting the foreg oing, and su bje c t to S e c t i on 9.3, the c umu l a tiv e amoun t of L o sse s fo r w hic h the C ompany I nd emnify i ng Part y sh all b e lia ble in resp ect o f (i) bre ach o f C ompan y Fun dam en t al R e pres en tations un d er S e c ti o n 9.2 sh all n o t ex ce e d the C ap in t he agg reg ate; (ii) brea ch o f C omp any S pec ified R e pre s entations un der S e c ti o n 9.2 s h a l l n ot ex c eed $2,000,0 00 in the aggre gat e; a nd (iii) breac h of any oth e r re pres en t atio n s or w arra n ties h ereu nder, shal l not exc eed

$1,340,000 in the aggrega t e; pr ovi ded, t h at any a mount of Los s es inde m n i f ied under (i), (i i) or (i i i) sha ll be counted tow a rd the C ap. Not wi ths tand ing t he forego i ng, any Loss es ar i si ng fr om Fraud s hall not be sub ject

to th e C ap.

9.5C l a i m P r o c e d u r e s.

(a) Subje c t to the limitations set fo rth in S e c t i on 9.4, if an I ndemnified Pa rty wishes t o ma ke a cla i m und e r this Ar t i c l e I X, such I nde m n ifie d Party sha l l d eliver a writte n no tic e (an “C l a i m N o ti c e”) to the I nde m n ifyin g Pa rty (i) statin g th a t an I ndemnified Party h a s paid, incurre d, s uffered o r su sta i ned, o r rea s ona bly anti cipat es th a t it may p ay, inc ur, suffer or su stain L osses, and (ii) to th e exte n t reas o na bly ava ila ble, spe cif ying such Losses in reasona ble d e tail, the d ate th at e ach such L oss w as p a i d, in curred, suff e red o r s us tain ed, or t he b asi s f or such a nticipated L oss es, and, if ap pli cable, th e n ature of the misrepresenta tion, breac h o f w arra nty or c o ven a nt or other ind emnifiable matter. The I nd emnified Part y may upd ate a Cl a i m N oti c e from time to time to reflect any cha n ge in cir c ums t ances foll o wing th e d ate the r eo f. A fail ure by an In demnified P arty to g i ve comp let e, a ccura te, or, su bjec t t o the su r viv al perio d s

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set fo rth in S e c t i on 9.1, timely n oti ce of a Claim N oti c e wil l not aff e c t the rig hts o r ob lig atio ns of any p art y here u nd er. I f a claim u n der t his A r t i c l e I X may be bro ught un der diff e rent o r mu ltiple s e c tion s, c lause s o r sub-c l a uses of S e c ti on 9.2(a) o r S e c t i on 9.2(b), a s a pplica ble (or wit h r esp ect to differen t or mu ltip l e rep r ese ntati ons, warra nts or covenants), then the I nd e m nified P arties sh a l l have the rig h t to b ring such c lai m under a ny or e ach su c h section, cla use, s ub clau ses, r e pre s entation, w a rra nty or c ovenan t (e ach a “S u b j ec t P r ov i si o n”) th a t i t choo ses and the I nd emnified P artie s will n o t be preclud e d fro m see king in d emn ifi cation under any Su bje c t Pro visio n by v irtu e of the I nd emn ifi ed Parties n o t b eing entitled to se ek in dem n ific a tio n under any oth e r Su bjec t P ro vision.

(b) I f the I ndem n ifyin g Party s ha l l not o bje ct i n writin g within thirty (30) d ays of deliver y o f a Claim N oti ce b y d eliv ery of a written no tic e of ob jec tion co ntaining a re aso n ably detailed d escripti on o f the fa c t s and circ umsta nces suppo rting an o bje ctio n to t he app lic a ble cla i m (an “C l a i m O b je c t i on N o t i ce”), such failu r e to so o bjec t s ha l l be an irrev o cable ack no wled gmen t by the I nd emn ifying P arty th a t th e I ndemn ifi ed Pa rty is e ntitle d to t he full amou n t o f the claim f or L oss es se t fo rth i n su c h Cla i m N o tice (an “U nob j e c t e d C l a i m”), and t he I ndemnif ying Party sh a ll, wit hin ten (10) B usin ess Days follo wing t he d a t e of such failu r e to so o bje ct, pay to the I ndem n ifie d Par t y the fu l l amo u nt o f t he U n obje cted Claim.

(c) I n the eve n t th a t the I n d e m nifying P arty s hal l d eli ver a Cla i m O bje cti on N otice i n accordance with Se c ti o n 9.5(b), th e I nd emnifying P a rt y and I n demnified P arty sh all attemp t in g o od faith to ag ree upon t he righ t s of the resp e c tive p arties with r espe c t to each of such c laims. I f the I ndem n ifyin g Pa rty and I n d emnified Par t y sho uld so agree, a mem o r andum setting fo rth such agreemen t shal l be pre pa red and sig n ed b y b oth parties (a “R es o l u t i on M e m o ra n du m”), an d the I nde m n ifyin g Pa rty sh all, with i n ten (10) B u sine s s D a y s fo llo wing the d ate o f ex ecu ti on of su ch R eso l u tion Memorand um, pay to t he I ndemn ifi ed P art y th e a gre e d amo unt se t forth in the R esolutio n Memoran d um.

(d) I f the I ndem n ify i ng Party a nd I ndemnified P art y a r e u nable to resolve a n in d e m n ification claim in acc ordan c e with th e term s of th i s Se c ti o n 9.5, then eit her the C omp a ny or A cquir or may elec t f o r such I ndemnific a tion Cla i m to be fi na lly settled by bin ding arbitratio n p ursuan t a s pro vided i n S e c t i on

9.5(e).

(e) Bindin g arb itrati on b etwee n the partie s shal l be held i n San Fr a nc isco, C a liforn i a (un less the C ompany a nd A c q u iror ag ree oth erwis e) in a ccordance with th e then curre n t C ommercia l Ar b itra tio n R ules of t he American Arbitration Associa tion and ju dgmen t upon th e award r e n dered may be e nter ed in any co urt h av i ng p erso n al j uris dic tion o ver the jud gme nt debtor. Such arbitration shal l be cond ucte d by a sin gle arbitrat or c hose n by mu t ual ag reeme n t of Acqu iror a nd t he C ompan y. Alt erna tiv ely, at the req ues t of eith er Acq uiro r o r t he C ompan y, b efo r e the c o mmen c ement of arb itration, the arbitratio n sh a l l be condu cted by t hre e i ndep en dent arbitrato r s, no n e of w hom sh a l l h a ve a ny comp e titi ve interests with or pri or rel a tionship wit h Acq u iror or the C ompany. A cqu iro r and the C omp any sh all e ac h sele c t one arbitrator. T he tw o arb itrators so s elected s hal l s e l e ct a third arbitr a t or none o f w h o m sh a l l h a ve any prio r r e lations hip with the I nd emn ified P art y or the I n demnif ying P arty. T he arb itr a t o r o r majo rit y o f t he th r ee arbitrato rs, a s the case ma y be, sh all se t a limited tim e p eriod and esta blis h proced ure s desig ne d to red u ce t he c ost and time fo r d isco v ery w hile a ll o wing th e pa rties an o p po rt unit y, adeq uat e in t he sole j udgme nt o f the arbitra t or or majority of the th ree arb itrato r s, as the ca s e ma y be, to d isco ver rel evan t info rm a t i on from the o ppo sin g partie s a bout the su bje c t m atter of t he dis pu te. T h e a r bitrator, or a m ajority of t h e t hre e arbitra t ors, a s the case may be, sh all ru l e u po n m o tions t o c ompel or limit d isco v e r y and shal l have the a utho rit y to impo s e san ctio n s for dis cov ery ab uses (b u t n o t attorn e ys’ fe es and costs), to the same e xte nt a s a comp ete n t co u r t of law o r e qu ity, sho uld the arbitrator or a majority o f the three arb itrato rs, as the case m ay be, d e t ermin e th a t disc ov ery w a s soug h t witho u t sub sta nti al j ustificati on o r th a t d iscov ery w a s refused or o bjected t o witho u t su bsta n tial ju stification. T h e arbitrator shal l on l y have the a uth ority to s ub mit a ruli ng on the matte r s rel a ting to t he I nd emn ifi c ation Cl a i m i n d isp ute. T h e decision of the arbitrator o r a maj o rity of the th r ee arb itrators, as the cas e m ay be, sh a l l be fin al, bin ding, a nd con clu sive upon the I n d emnified Partie s an d th e

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Inde m nif y i ng P a rties, r e s pe c tively, and Ac q u ir o r or C o m p a n y (on b e h a l f of t he I nde m n ify i n g Parti e s, a s applic a b l e) s h a l l pay t o t h e Co m p a ny o r Ac quir or (o n beh a l f of t h e I nd e m n ifi ed Pa rtie s, a s a p plic a b l e), wit h i n t en (1 0) Busi n e s s Da ys th e r e aft e r, t he f u l l a m ou n t p u rs u a n t t o wh i c h t he Ind e m nified P a r t y i s entitl ed pu r s u a n t t o s u c h d e c i s i on, if a ny. Su c h d e ci s i on s h a l l be writte n a nd s h all b e s u p p o rt e d by w ritten fi n d i ngs of f a ct a nd co n c l u si o ns w h ic h s h all s e t f ort h the awar d, j u dgme nt, de c r ee or Or der a w ar d e d by the a r bit r at o r(s); p r o v i d ed, ho w e v er, t h a t t he a r b itr ator s h a l l n o t be p ermitte d t o awar d att o r n eys’ a nd exp e rts fe es and cost s t o t he p r e v aili ng p art y (i r re s p e c ti v e o f w he t h e r s uch f e e s a n d c o st s a r e r e a s ona b l y i n c u r r e d). For t h e a v o i d a nce o f do ub t, e a ch p a rt y s h a l l be a r it s own c o sts a n d e xp e n s e s (in cl u d i ng att o r n e y s’ and expert s’ f e e s a n d cost s) i n c u rr e d i n c onn e cti on wit h a n y a r b itrati on p r o c e e d i ng c o nducte d purs ua n t to t his Se c t i on 9.5(e). T h e f e es a nd c o st s of the ar b itr a t or(s) s h a l l be borne as f o ll ows: 50% s h all b e b o r ne by Ac q u iror a nd 5 0% s h a l l b e bo r ne by the Co m p a n y. An y m e eti ngs of t he p artie s r e qu ired i n co n ne c ti o n wit h t he r e s o l u ti o n of a ny d is p ute sh a l l t a k e pla ce i n S an F r a n c i s c o, Ca lif o r n i a, unles s t he Co m pa n y a n d A c quir o r ag r e e othe r w ise.

9.6 T h ir d P a r t y C l a i ms.

(a) I n the event th a t an I nde m nified P a rty or I nde m n ify i ng Party b e c omes a w a r e of a third- part y cl a i m th at con s tit ute s a matte r fo r w hic h e ith e r (a) an I ndemnified P arty is e n titled t o ind emnific a tion, comp ens ati on o r r e imb ursemen t u n der Se c ti o n 9.2(a) or S e c ti on 9.2(b) if de t ermined adv ersely to the I ndemn ifi ed P a rty, or (b) w ould pro vide a b asis fo r a clai m und e r any of the matt ers in d e m n ifia ble un d er Se c t i on 9.2(a) or S e c t i on 9.2(b) (e a ch, a “T h ir d P a r t y C l a i m”), th e I ndem n ifie d Pa rt y sha l l (if it is th e Per son th a t bec o m es aw are of su c h Thir d P arty Claim) a n d t he I nde m n ifyin g P arty sh a l l (if it is the Pe rson th a t bec omes aware o f such Th ird Pa rty Claim) promp tly provid e th e oth er party wit h written n o tice reg ardin g such T hird P a rty Claim.

(b) T he I nd emnifying Party sh a ll, by w ritten n otic e to the I ndemn ifi ed Party d elivere d with i n th irty (30) d a ys of r eceip t of no tice of s uch T hird P arty Clai m fro m th e I ndemnifie d Party, h ave th e ri ght t o assume or co n du c t the de f e nse and co ntro l o f (in c l u d i ng th e rig ht to p r os e cu tion and to settle o r reso l ve), any Th ird Party Cl a i m a t its o w n exp e nse and with cou nsel of it s ch oic e (the party th a t con d uc t s the defe n s e and pro s ecutio n of any suc h T hird P arty Cl a im, th e “C on tr o l l i ng P a rt y”, and th e other p art y, the “N on- C on tr o l l i ng P a r t y”). T h e C ontro lling Party sh all have t he rig ht t o tak e such action as it deems n e cessa r y t o avoid, disp ute, defend, ap pe al or ma k e cou ntercl a ims pertaining to any such Th ird Party Claim in th e n ame and on beh alf o f th e N on-C ontrolling P art y. The Par ties shal l coo perate with ea ch oth e r in all re asonab l e respec t s in co n nectio n with the def ense o f any Th ird P arty Cla im, inclu din g ma k i ng ava ilable (sub jec t to the p r ov isio n s of S e c tion 1 1.3 (C on fid e n tialit y)) to each oth e r P arty c op ies of all information, pleadin gs, noti ces and co mmu nic atio ns with respe c t to any T hird Party Cla i m to the ex tent th a t re cei pt of such docu m en t s does n o t a ffec t any p riv ileg e rela ting t o the disclosin g Party, s ubjec t to S e c tion 11.3 (C on fide nti a lity), a nd sh a l l be e ntitle d to pa rti c i pat e in (at its expe nse), b u t not to deter mine o r co n du ct, any defe nse o r prosecuti on of t he Thir d Pa rty Clai m or settleme nt n e go tiatio n s with r espec t to the T hir d Pa rty Cla im, it b ein g und erstood th a t th e C on trolling P art y s ha l l co ntro l s uch defense.

(c) E xcept with the conse nt o f the N on-C on tro llin g Pa rty, w hich shal l not be u nreasona bly withh eld, con ditio n ed o r del ayed, and w hich sh a l l be d e e m ed t o ha v e b een given u nless t he N on-C on trollin g Pa rty shal l h ave ob j e cted within ten (1 0) days afte r a written req u est f or such c onse n t by t he C o ntr o llin g Pa rty aft er reaso nab l y s uff icie n t cons u lta tion b etw een the Pa rti es, th e C o ntro lling Pa rty may n ot a gree t o any settlem ent with resp ect to the T hird P arty Cl a im. N otwith stan ding th e fo reg oin g, if a fir m off er i s mad e to se ttle a T hird P a rty Cl a i m witho u t l eading to Lo s s o r th e c reation of a financi al or o t her ob lig ati on on th e part o f the I n demnified P arty, and s u ch settl e ment provid es, in customary fo rm, for th e u ncon ditio na l rel eas e of the I nde m n ifie d Party from al l lia b iliti es a n d ob lig atio ns with respec t t o such T h ird P arty Cla i m (w hich form, to th e e xte n t pra cticab le, s ha l l b e p r ovide d to the I n d emnified Pa rty i n adva n ce for its review and con firmati on, w hich r e view and co nfirmation shal l not be und uly wit hh eld, c ond itio ned or d elay e d),

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and t he Indemni fyi ng Pa r ty desi r es to acc ept and a g ree to such o f fer, the Inde mnif y ing Pa r ty sha ll gi ve w ri t ten not ice to that e ff e ct to t he Inde mni f i ed Pa rty. If the Inde m n i f ied Par ty fai ls to con se nt to such f i rm off er w it h in ten (10) days a ft er i ts r ece i pt of s u ch not i c e, t he Inde m n i f ied P a r ty m ay con t inue to con te st or defend s u ch Th ird Pa rty Claim and in s uch even t, the max i mum l iab i l ity of t he Indem n i fyi ng Pa rty as to such Th i rd Pa r ty Cl a im sha ll not exceed t he a mount of such sett l e ment o ff e r. If t he Indem n i f ied P a rty f a i ls to con se nt to such f i rm o f fer and a lso f a ils to a ss u me defe n se of such T h i rd Pa r ty C lai m, the Inde mni f y ing Par ty may s e t tle t he Thi rd P arty C l a im upon the t e r ms s et for th in such f i rm o ff er to set t le s uch Th ird Par ty C lai m.

9.7 G e ner a l R e le a s e f or C l a i m s R e l a t i ng t o R e te n ti o n, So l ic i t a ti o n or H i r i ng. A cqui ror (a) acknowledges and agrees that any Loss ar i s ing fr om Acqui ror or any of i ts R eprese n tat ive s’ r e te n ti on, s o l i c it a t ion or h i r ing of any E m p loyee or Bus ine ss E m p loyee in connect ion w i th the Tr ansac t ions sha ll be sol e ly t he respons ibi l i ty of A cqui ror, inc ludi ng any h i r ing p rocedu res or pract i ces un der taken in connec tion w i th i ts cons iderat ion of t he T rans a ct ions and a c cor d ing ly, (b) on i ts own b eha lf, and on behalf of its R e p re s entat ive s, hereby ful ly and un cond i t iona l ly re lea s es and d is charges t he Compa ny, Gua r ant or and the ir respect ive A f f i l i a t es and Represent a t ives of and fr om any and a ll Los ses a r is i ng fr o m, r e lated to, or in co nnect ion w ith, such m a t te r s.

Artic l e X

P R E-C L O S I N G T ER M I N ATIO N

10.1T er m i n a t i on o f t h i s A g re e m e n t. Exc ept as p rov ided in S e c t i on 1 0.2, t h is A gr eem ent m ay be term ina ted and the Tr ans act ions abandoned at any ti me pri or to t he C l o si ng:

(a)by mutu a l written ag reeme nt of the C ompany a nd A c q uiror;

(b) by A cq uiro r o r the C omp a n y i f t he Clo sing Date shal l n ot h ave occ urr ed by t he dat e that is fo rty-fiv e (4 5) days a fter the A gre e men t Date (the “End D at e”); p r ov i d e d, h o w e v er, t hat the rig h t t o te rmin ate th i s A greemen t under this Se c t i on 10.1(b) shal l n ot be av ailab l e to an y p arty w hose a cti on o r failu r e t o a c t h a s b een a princip a l cause of o r r esulte d in the failure o f th e T ransa c tio ns to occ u r on o r b efore such d a t e and s uch ac tion o r fail ure to act con stitutes breac h of this A g r e ement;

(c) by Acq uiro r o r t he C omp an y if any Law o r Order sh all be in effect w hich h a s t he effect of ma king the Tran sactio n s ill egal or oth erwis e p r ohib its prev e nts con s u mmati on of t he Tra nsa c tion s;

(d) by A cquir or i f it i s not i n m ateria l b reach o f it s ob lig ati ons und e r th i s A greeme nt a nd the r e has been a brea c h of or in a ccura cy in any rep rese ntati o n, w arra nty, co vena n t or agreeme n t of th e C omp a ny contain e d in this A greemen t su c h that the con ditio n s s et f o rth i n Se c t i ons 2.1(b)(i i)A and B w o uld n ot b e sa tisfied as of th e time o f such brea ch o r inac cu r acy and such bre ach o r ina ccu racy h as n o t been cu r e d within twenty (20) cale nd a r d a ys a fte r written n otice t here o f to th e C ompa n y; p r ov i d e d, h o w e v e r, th a t n o cure period s hal l be r eq uire d (A) f or a bre a ch or in acc uracy th a t by its nature can n ot be c ured o r (B) i f a n y of the c ond itions t o the Clo sing in S e c t i on 2.1(b) for the benefit o f A cqu iror are in c apab l e of b eing satisfie d on or before the E n d D a te; or

(e) by the C ompany if i t i s not in material breac h of its o b lig atio n s und e r this A g r e e ment and the r e h as been a b reach o f o r i na ccu r acy in any r epre sentation, w a rranty, co venan t o r a gre e ment of A cquiro r contain e d in this A g r e eme n t such t hat the co n d itio n s se t fo rth in S e c t i ons 2.1(b)(i ii)A and B w ould not be sa tisfied as of th e time o f such brea ch o r inac cu r acy and such bre ach o r ina ccu racy h as n o t been cu r e d within twenty (20) cale nd a r days a fte r written n otic e there o f to A c q u iro r; p r o v i d e d, ho w e v er, th a t no c ure peri od shal l be req uired (i) for a bre ach o r i na ccu racy t hat by it s n atu r e c a nnot be cured or (ii) if any o f th e cond iti ons t o cl osi ng in S e c ti on 2.1(b) fo r th e benefit o f the C ompany are in capable of bei ng satisfied on or before the E nd D ate.

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10.2 E ff e ct o f T e r m i n a t i on. In t he eve nt of t e r mi nat ion of t h is Agree ment pur suant to S e c t i on 1 0.1, t h is Agree me nt shall for thwi th beco me void and the re sha ll be no l i abi l i ty or obl iga ti on on the p a rt of Acq u i ror or t he Compa ny, or t heir r espective A f f i l i a tes or R epr esen t a ti v es or shar ehol der s, if appl i cab le; pr o vi d e d, ho w e v e r, t h at each pa r ty hereto and each Person sha ll r e m ain l i able f or any Wi l l ful B rea ches of this Agree m ent, R el a ted Agree me n ts or any ce r t i f i c ate or ot her ins t r u me n ts de li v ered pur suant to this A g ree me nt pr ior to i ts ter m i n at ion; and p r o v i d e d f u r t her, ho w e v e r, tha t, the p rov isions of S e c t i ons 8.7 (Expen ses), 1 1.3 (Con fi dent i a l i ty), 11.4 (Publ ic D isc los u re), A r t i c l e X I (G ener al Pr ovi s ion s) and t h is S e c t i on 10.2 sha ll r e m a in in full f o rce and e f fect and s urvive any t e r m ina t ion of this Agree m ent pur sua nt to the terms of t h is Ar t i c l e X. For pu r poses of this Agr e e men t, “W i l lf u l B re a c h” means w ith res pect to any rep r e sen tat ion, w a r ranty, a g re e men t, or cove n ant, a ny i n ten ti onal or de li ber a te act ion or om i s si on that c on st i t u tes a br each of s u ch r epresen t a t ion, w a rr anty, agr eem ent or covenant a nd t hat the bre achi ng pa r ty a c tua lly knows or sho u ld r easonably be expe c ted to know at the ti me is or would cons t i tute a brea ch of s u ch r epr e sen t a ti on, warranty, agree ment or covena n t.

Artic l e XI G E N E RA L P RO V I S I O N S

11.1 C e r t a i n I n t e r p r e t a ti o n s; D e f i n i ti o n s. When a reference is made in t h is A g re e ment to an App endix, Exhi b it or Sc h edul e, s uch r e ference sha ll be to an Appendix, Exh i b it or Schedule to this Agr e e me nt un le ss otherw ise indica ted. When a r e f er ence is m ade in this Agr e e m ent to an A r t i c le or a S ect i on, such r e f e rence shall be to an A rt icle or a Se c t ion of this Agree ment un less o the r w i se ind ica ted. The w o rds “he reof,” “herei n” and “he reunder” and wor ds of li ke i mpo rt used in this Agr eem ent sha ll ref er to this Agree ment as a whole and not to any pa r t i cular provi s ion of this Agree men t. The w o rd “or” is used in the i n cl u si ve sense of “and/or.” The ter ms “o r,” “any” and “ei the r” a re not exc lus ive. The word “ext ent” in the phra se “to the ext ent” m eans the de g r ee to w h ich a subject or other t h ing e x tend s, and such phr a se shall not me an s i mply “i f”. The wor ds “include,” “inc lude s” and “inc l uding” when used her ein s h a ll be de e med in each c a se to be f o l low ed by the wor ds “w ithout l im it a t ion.” “W r it ing,” “w r i tt en” and c o m p ar able t e rms r e f er to pr i n ting, t yping and o ther m eans of rep rodu cing w o rds (includi ng e le c t ronic med ia) in a vi s i b le f o rm. R ef e renc es to any s t a tute, r u le or regu l a tion shall be dee med to re f er to s u ch s t at u te, rule or regu l a ti on as am ended or supp l e men ted f rom t i me to t i me, i ncl uding thr ough the pr o mulga t ion of appli cable rul es or regu l a tion s. Ref e r ences to any Con t r a ct a re to that Cont ract as a me nded, modi f ied or sup p l e me n ted fr om t i me to ti me in ac cor d ance w ith the te r ms her eof and thereo f; p r o v i d e d t h at wi th r espect to any Con t r a ct l i s t ed on any Sc hedules h er e to, a ll such a mend m ent s, modi f ica tions or supp l e men ts m u st also be li s ted in the app rop ri a te Schedu le. R e fe r ences to any Pe rson i n cl ude the s u c cess o rs and perm i t ted as si gnees of t h at Per son. R e ferences fr om or through any da te mean, unless o the r wi se s p eci fi ed, f rom but not inc l uding or t h rough and inc l uding, res p ect ive ly. R e fer ences to one gender include a ll genders. W h en u sed h e rein, r e fe r ences to “$” or “do l l ar” sha ll be de e med to be r e f e renc es to dol l a rs of the Uni ted S t a t es of Am e r ica. The tab le of cont ents and he adings con t a ined in t h is Agree ment are for ref e rence pur pos es only and sha ll not a f fect in any w ay the m ean ing or int er p r e tation of this Agre e me n t. The pa r t i es he r eto a g r ee that they have been r eprese n ted by counsel du r ing the n egot i a ti on and exec u ti on of this A g ree ment a nd, the refore, w a ive the appl ica tion of a ny Law or r u le of cons tr u c t ion pr ovi d ing that am b igu i t ies in an agree m ent or o ther document w i ll be cons t rued a g ai n st the party dr a f t ing such agr eem ent or document. A ll ca p it a l ized t er ms that are used but not d efi n ed he re in shall ha ve the res pec t ive me anings as c ri bed to such te r ms in Ann ex A.

11.2 N o ti c e s. All not ic es and other c o m muni cat ions hereunder sha ll be in w r it ing and shall be dee m ed given if de li v e r ed pe rs onally or by c o m me r c ial m e sse nger or cour ier se rvi ce, m a i l ed by reg i s te r ed or cer t i fi ed m a il (r e turn r ece ipt reque s te d) or sent via e lec tron ic m a il (wi th a cknowledg me nt of r e ceipt) to the par t i es at the fol l o w i ng addr e ss es (or at s uch o ther addr ess for a pa r ty as sha ll be spe c i f ied by l ike not i ce or, if spec i f i cal ly p rovided for else w here in t h is A g re e me n t, by e ma i l); p r o v i d e d, ho w e v e r, that no t ices se nt by m a il w i ll not be de e med g iven unt il rece ived:

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(a)if to A cq uiror, to:

IRIDE X Co r po r a ti on

1212 Te rra B e l la Avenue

Moun ta in V iew, CA 94043

Att e n tion: Ch i e f Ex e c uti ve Offic er

Em a il: dbruc e@iridex.c om

wit h a copy (which s h all n o t co n stit u t e n oti c e) to: Wils on S o n sini Go o dric h & Ro s a t i P.C.

650 Page M ill Road

Palo Al to, C a l if o rnia 94304

Att e n tion: P hili p Oetti n g er a nd Dou g l as S chn e l l

Em a il: po e tti n g er@ws g r.c o m and d s c h n ell@ws g r.c o m

| ( | b)if to t he C ompany or G uara ntor, to: T opcon Ame rica C orp orati on |

111 Bau er D r ive Oak la nd, NJ 07436. U n i t ed St at es

Att e n tion: Ra ndy S a m u e ls, Exe c uti ve Vi c e P r e si d e nt & Ge ner a l Cou n s e l

E-m ail: rs a m u e l s@topcon.c om

wit h a copy (which s h all n o t co n stit u t e n oti c e) to: Topcon Co r porati on

75-1 H asunu ma-cho, Itaba shi-ku, Tokyo 174-8580, J a p an

Att e n tion: Ka nako Ko i z umi

Seni or Manage r, Legal & Export Cont rol Dept. Gener al A d mi n i s tr a t ion & Legal D iv.

Em a il: kk o iz u mi@t o p co n.c om

wit h a copy (which s h all n o t co n stit u t e n oti c e) to: Na gas h ima Ohno & T s u ne m a ts u

JP To wer, 2-7-2 M aru n ou c hi, C h i yoda-ku, To k yo 10 0-7036, Jap a n

Att e n tion: Yu t a k a Ku r o d a

E-m ail: y u t a k a_k u r od a@n o a n d t.com

Al l s u c h noti c e s a nd o t h er comm u n i c a tions s h a l l be d e emed t o h a ve be e n d u l y g i ven or s e n t (i) o ne (1) Bu s i n e s s Day f oll owi n g t he d a t e m aile d if s e n t by ov e r night co mme r c i a l mes s eng e r or c o u ri e r s e r vice or fi v e (5) Bu si n e s s Da y s f o llowi ng t he d ate ma il e d if s e n t by o t h er m a i l s erv i c e, or (ii) o n t h e d a t e on wh i ch d eli vere d p ers o n all y or b y e le c tronic mail t ra n smi s si o n, as t he c a s e m a y be, and a dd re s se d as a f ores a i d.

11.3C on fi d en t i a l i t y.Each of the par t ies he r e to h er eby agrees t h at the i n for m a t ion obt a ined in any inves t iga tion pur suant to S e c t i on 8.9 or any i n for m a t ion ob tai n ed pu rs uant to t he not i ce r equi r e men ts of S e c t i o n

8.10, or o the r w i se purs uant to the nego t i a t ion and execu tion of this Agree ment or t he e ff ect u a t ion of t he t ran sac tions cont e m p l a ted he reby, sha ll be governed by the t er ms of the Non-D is c los u re Agr ee ment entered i n to as of Dec ember

5, 2019 (t he “N on-D i s cl os u r e A g r e e m e n t”) be t ween the Com pany and A cqu ir o r. In addi tion, ea ch of the par t ies

her e to a cknowledge that by rea son of t he Com pan y’s o wnersh ip the Bus ine ss es a nd Trans f e r red A ss e ts pr ior to t he

Cl o sing, a n d i n f orm ati on prov i ded t o or le a r ned by the Co m pa n y i n con n e cti on w ith t he t r a n s a cti o n s c o n t e m pla t e d

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hereby, t he Com p any h as a cqui red and wi ll acqu ire c onfi den t i al or non-publ ic infor mat ion of A cqu ir or (a ll such inf o r mat ion, “A cqu i r o r C on fi d e n t i a l I n f o r m a t i on”), t he di scl o sure of whi ch cou ld cause A cqui ror subs ta n t ial l oss and dam ages that cou ld not be read i ly calcu l a ted and f or which no r e m edy at l aw would be a d equa te. Acc o r d i ngly, and wi thout l i m i t ing t he forego ing, t he C o mpany covenan ts and a g rees that t he Company s h a ll m a intain the conf ide n t ial ity o f, and sha ll not di sc lose or us e, any A cqui ror Con fi d ent i al Infor m a tion exc ept as pe rm i t ted under the exc ept ions (w h ich includes, w i thout li m i t a tion, d i scl o sures requ i red pur suant to app l i cab le Law a nd rul es of stock ex chang e) und er the Non-D iscl o sure Agr e e me n t. Upon the reque st of A c quir or at any t i m e, the C o mpany w ill e i ther r e turn or de s t roy, in i ts di scret ion, a ll copi es of Acq u ir or Conf ident i al Infor m a tion in t he Com p any’s poss e ss ion or cont r o l, a nd upon r eque st by A cqui ror, w i ll de l iver wr i t ten co n f i r mat ion of such r e t u rn or d es t r u ct ion to A cqu ir o r; pr ovi ded, that no thi ng sha ll r equi re the del e t ion of any C onf iden ti al Inf o r m a t ion requ i r ed to be m a int ai n ed by t he Com p a ny purs u ant to app li cable La w, cannot be readi ly r e mov ed pur suant to au t o mat ic back-up sys tem s, or bona f ide i n ternal rec o rd-keep ing pol i c ies (pr ovi d ed, that any Conf i dent ial Infor m a t ion so m a i n t ained by the Com p any shall be kept in con fi dence in acco rdance wi th the ter ms of the Non-D iscl o sure Agr e e me n t).

11.4 Pub l i c D is c l o s u r e. Acqu i ror and the C o mpa ny shall not, and they shall cau se t heir res p e c ti ve A ff i l iat es and Rep r e sen ta t i ves not to, is sue any p ress rel ease or make any publ ic s t a tement w ith r e spe ct to the s ubje ct m a tt er of this Agree ment or t he T rans act ions wi thout the p r ior w r i t t en consent of the ot her par ty, exc ept f or any pre ss relea ses or publ ic s t a t e me n ts that are requi red by app l ica b le L aw (inc lud i ng t he rul es and regu l a t ions of a stock exchange on which the sha r es of any par ty or i ts A ff i l iat es are l i s ted) or O rder. If di sc losure is requ i r ed by appl icab le Law or O rde r: (a) it s hould not cont a in any re f er ence to A cqu ir or or any of i ts A f f i l i a tes wi thout Acqui ror’s w r i t t en con se n t; (b) it shou ld not c ont a in any ref e re n ce to the Compa ny or any of i ts Af f i l iat es wi tho ut the C o m pany’s w r i tt en consent; (c) it wi ll ot h er w i se con t a in only s uch infor m a tion s p eci f ica lly requi r ed by appl icab le L aw or O rde r; (d) the Company wi ll use re asonab le e ff o r ts to cons u lt w ith A cqu ir or in advance p ri or to mak ing such d is c losur e; and (e) A cqui r or will u se re asonable e f for ts to con sult w i th the C o mpany in adva nce pr ior to making such di sclos u re. Not w it h s tand ing any prov i sion of t h is S e c t i on 1 1.4, af ter the C los ing, (i) t he Company or its A f f i l i a te may iss ue a press rel ease in l angu age approp ri a te f or the re g ion in which t h ey op e r ate t h at prese n ts the Trans act ions as a s tr a tegic a l l ia n ce wi th an ob j e ct ive to expand the ir res pec t ive bu si nesses, provi ded that Acqui ror and the C o m pany sha ll di s cuss in good f a i th and agr ee as to t he t i mi ng and conten ts of any such pre ss re lea se in adv ance, and (i i) A cqu ir or may m ake any announcem ent conce rning the B u si n ess or the Tra n s fer r ed Asse t s, p rovided that Acq u ir or and Topcon sha ll d i scu ss in good fai th and agr ee as to the t i m ing and cont en ts of such announc e m ent in advance; p r o v i d e d, ho w e v er, that in no event s hall Acqui ror make any publ ic s t a t e ment w i th res p ect to t he t e r ms of this Agree men t, any R e l a ted Agree me nt or the Tr ansac t i ons unl e ss r equ ired by app l i cable L aw or O r d er.

11.5 A me n d me n t. Th is Agree m ent may be a mend ed by the par t ies he r e to at any t i me by execu ti on of an ins tr u me nt in w r i t ing s igned on beh a lf of the par ty aga inst whom enfor cem ent is sought.

11.6 E x te n s i on a nd W a i v e r. At any t i me p ri or to a ny Closing, Acqui ror, on the one hand, and the Compa ny, on the o t h er hand, m ay, to t he ext ent l egally a l low e d, (a) extend the ti me f or the pe r f o r m ance of any of the ob l iga t ions of t he o ther pa r ty he reto, (b) wai ve any i naccu ra c i es in the repr esent a tions and w ar rant i es m ade to such pa r ty co n t a ined he re in or in any document de l ive r ed pu rs u ant he re to and (c) w aive co mpl ia n ce w i th a ny of the covenant s, agree men ts or condi tions f or the b ene f it of such pa rty contai n ed he rei n. Any agre e m ent on the pa rt of a par ty hereto to any such e x tens ion or w a iver sha ll be val id only if s et for th in an ins t rument in w r i ti ng sign ed on behalf of such pa rt y.

11.7 A s si g n me n t. T h is Agr e e m ent sha ll not be a ss igned by oper a ti on of l aw or ot h e r w ise e x cept w i th the o ther pa rt y’s p r ior wri t ten con sen t.

11.8 Se ve r a b i l i t y. In the event t h at any p rovi s ion of this A gr eement or the appl i c a t ion there of be com es or is de cl a red by a court of compet ent jur is d i c ti on to be i l lega l, void or une n forc eabl e, the rem ai nder of this Agree me nt wi ll cont inue in full f o r ce and e f f e ct a nd the appl ica t ion of such provi si on to o ther pe rs ons or

43

ci rcu m s tanc es wi ll be i n t e r p re ted so as rea sona b ly to e f fect the int ent of the p a r ti es her e to. The par t ies fur ther agr ee to rep lace s uch vo id or unenforceab le pr ovi s ion of t h is Agre e m ent w ith a val id a nd enfor c eab le prov i s ion that will achi eve, to t he e x te nt pos s ible, the econo mi c, bu si ness and o ther pu rposes of such void or une n forcea b le pr ovi sion.

11.9 Spe c i f i c P e rf o r m a nce a nd O t h e r R e m ed i es. T he Parties to t h is A g ree ment agr ee tha t, in t he event of any br each or t h re a tened brea ch by any ot h er pa r ty her e to, of any covenant, obl igat ion or other ag re e m ent s et for th in t h is A g ree m ent, (i) each par ty s hall be e n t i tl ed to s eek, at its own c o sts a nd expen ses, a de c ree or or d er of spe c i f ic pe r for m ance or m andam us to enfor ce the observance and pe rf o r mance of such covenant, ob li gat ion or other agr eem ent and an inj unct i on prevent ing or r est raining such br e ach or threa tened brea ch, and (i i) no pa rty h er e to sha ll be r equi red to p rov i de or post any bond or other s e cur ity or col l a te r al in conne c tion w i th any such d ecr ee, order or i n jun c t ion or in connect ion wi th a ny r e l a ted act ion or l egal pr o cee d ing. Any and a ll r e me d i es expr ess ly conf e r red her e in upon a par ty h er e to sha ll be dee med to be cumul a t ive w ith, and not e x cl u si ve o f, any o ther r e medy conf e r red he reby or by law or in equi ty upon such pa r ty, and t he ex er c ise by a par ty he reto of any one r e me dy w i ll not p re c lude the exe r c ise of any other r e me dy.

11.10 G ove r n i ng L a w. T h is Agr eement s h a ll be gove rned by a nd cons tr ued in accordance wi th the internal laws of the State of C al i fornia w i thout gi v ing e ff e ct to any cho ice or conf l i ct of law prov i s ion or r u le.

11.11 D is p u t e R es o l u t i on. Any d i sput e, cl a im or con tr over sy ar ising out of or r e l a ting to this Agre e me nt or the o ther ag ree m ents and docu men ts contempl a ted h ereby or the breach, t e r mi na tion, e n for c e me n t, int e rpret at ion or val i d ity the reof, inc lud i ng the de te r m ina ti on of t he s cope or appl ic abi l i ty of this agree ment to a r b i t ra te, sha ll be det e r m ined by a rbi t rat ion in San Fr anci sco, C a l i for n i a, be fore one (1) a rbi t rat or who sha ll be mutua l ly appoint ed by the Pa r t i e s. The a rbi t r a tion sha ll be ad mi n i s te r ed by J A MS (or any l ike organi z at ion suc ces sor the r e to) pu r suant to its J A MS Int e rna t ional A rbi t r a ti on R u les and Pr oc edur e s. The a r b i t ra tor sha ll fol low any appl ic able fed e ral law and Cal i for n ia s t a te law in render ing an aw a rd. J udgment on the award m ay be en te red in any cou rt h aving jur is d i c tion. This c lau se s h all not prec lude t he Pa r t ies fr om s eek ing prov i s ional r e me d ies in a id of a rbi t rat ion fr om a cou rt of a pprop r i a te jur i sdi c tion. The Pa r t ies f u r ther unde r s tand and ag ree that the ar b i t r a tor’s de c i s ion s h all be final and bind ing to t he ful le st ext ent per m i t ted by l aw and enf o rc eab le by a ny court havi ng jur is d ic t ion t hereof. No discov ery wi ll be per m i tt ed in connec tion wi th the arbi t rat ion, un less it is expr essly author ized by the a rbi tr a tor upon show ing of sub s t ant i al need by a Par ty s eek ing d i scove ry.

11.12 W a i v e r o f J u r y T ri a l. E ACH PARTY ACK N OWLEDGES AND AGREES THAT A NY CONTROVERSY WH I CH M AY ARISE U NDER THIS AGREEMENT OR THE OTHER TRAN S A CTION DOCU MENTS IS LI KE LY TO INVO L VE CO MPLI CATED A ND D IFF ICU LT ISSUES AND, THEREF ORE, EACH SUCH PARTY I R REVOCABLY AND UN C ONDI T IONALLY W AIV ES ANY R IGHT IT M AY H AVE TO A TR IAL BY JURY IN RESPECT OF ANY LEG AL ACTI ON A R ISI NG O UT OF OR RELA T ING TO TH IS AGREEMENT, THE OTH ER TRANSAC T I ON D O C U MENTS OR THE TRA NSACTI ONS CONTEMPLATED HEREBY OR TH E REB Y. EACH PARTY C E RTIFIES A ND AC K N OWLEDGES THAT (A) NO REPRESENTATIVE OF A NY OTHER PARTY HAS REPRESENTED, EXPRE SSLY OR OTHER W ISE, THAT SUCH OTHER PARTY W OULD NOT SEEK TO ENFORCE THE FO REG O I NG W AIVER IN T HE EV E NT OF A LEGAL ACTI O N, (B) SUCH PARTY HAS C O NSIDERED THE I MPLIC A TIONS OF TH IS W AIV E R, (C) SUCH PARTY M AKES TH IS WA I VER VOLUN T A RILY, AND (D) SUCH PARTY HAS BEEN INDUC ED TO ENTER I NTO TH IS A G REE M ENT BY, A M ONG OTHER THINGS, T HE M UTUAL WAIVERS AND CERTIFI C ATI O NS IN TH IS SECTION 11.12.

11.13 E n t i r e A g r e e m e n t. This Agree men t, Annex A her e to, the Exh i b i ts and Schedules hereto, t he D isc los u re Schedule, t he Rel a ted Agree men ts, the N on-D iscl o sure Agre e m ent a nd the docum ents and ins t r u men ts and ot her agr eements a mong the pa r t i es hereto r e ferenced he rein cons t it u te the en t i re ag ree me nt a mong the p ar t ies her e to w ith r e spect to the subje ct m a t ter of this Agr e e me nt and super sede a ll p r i or ag ree men ts and unde r s ta ndings, both w r i t ten and oral, a mong the pa r t i es w ith re spect to the sub j e ct m a tt er of this Agree men t, and are not int ended to con f er upon any o ther pers on any r ights or r e m edies hereunde r; pr o v i d e d, ho w e v e r, t hat, not w it h st anding

44

anyt h ing her ein to t he con t rary, A r t i c l e I X is i n tended to bene f it the Inde m n i f ied P ar t ies, ea ch of whom is an expre ss thi rd pa r ty benef ici ary ther eof.

11.14 C oun t e r p a rt s. T h is Agr e e ment may be execu ted in one or more count e rpa r t s, all of whi ch sha ll be cons idered one a nd the same agr eem ent and sha ll beco me ef f e c t ive when one or more coun t e rpa r ts have be en signed by each of the pa r t i es and de l ivered to the o ther p a r t y, it be ing unde r s tood that a ll pa r t ies need not si gn the same counter p a r t. The exchange of a ful ly execu ted A g r e e ment (in coun terpa r ts or o therw ise) by e lec t ronic t ran s mi ssi on in .PDF for m at or by fac s i m i le sha ll be suf f i c ient to b ind the pa r t ies to t he te r ms and condi t ions of t h is A g r e emen t.

11.15 G ua ra n te e by G u a r a n t o r.

(a)G uarantor re prese nts a n d w arran t s to the C omp any a s f ollo ws:

(i) G uarantor i s a corp oration duly organ i zed, v alidly ex isti ng a nd in g ood st and i ng under t he L a w s of D e laware. G uarantor h a s all re q uisite po w e r to o w n, le ase and op erate it s prop erties and to c a rry on it s bu sines s as cu rrentl y co nd ucted.

(ii) G uarantor h a s the r equisit e c orp ora t e po w er and autho rit y to en t er into this A gre emen t a nd to perf o r m its o blig a tions und e r th i s S e c t i on 1 1.15. T h e e x ecutio n and d eli ve r y b y G uarantor of this A gree m ent and the p e rfo rma nce by G ua r anto r o f its ob lig atio n s un der th i s A gre emen t h ave b een d uly auth orized by a l l ne cess ary co r po r ate a c tion on the p a r t o f G u a r a ntor, and no oth er co r porate p r oceedings on the p art of G uarantor ar e necessary t o au t ho rize th e executio n and deliv ery by G uara ntor o f th i s A greeme nt o r the perf o rmance by G uarantor o f it s obli ga tio n s und e r this A gree ment in acco r dan c e wit h its terms. Th i s A gre emen t has been d uly executed and d eliv ered by G uarantor and, assuming th e due autho rization, exec u ti on and d eliver y by the C o m pany, c on stitu tes the valid and bind i ng o blig a tion of G u arantor, en f orc eab l e ag ain s t G uarantor in acc ord a nce with its terms exce p t as suc h enfo r cea b ility may be su bje c t to (A) the Law s of gen era l app lic ati o n relati on to ban kru ptcy, i nsolv ency, reo r ga nizatio n, mo r atoriu m a n d oth e r simila r Law s affectin g or r e lating to creditors’ ri ghts ge n era lly and (B) ge neral prin ciples o f equ ity.

(iii) G uarantor has su ffici ent ass e t s to perfo r m its ob lig ati o n s und e r t his Se c ti o n 11.1 5. (b) G uarantor u nconditio n a lly guara nte es timely and c o m plete p erform an c e by th e C ompa n y

of a ll of i ts dut i es and ob l iga tions contai n ed in this Agre e me n t, and the due and pun ct ual pay me nt by

Co m p a n y of any a m ou n t t h a t ma y be c o m e d u e a nd p a yab l e by i t un d e r th i s Ag r e em e n t, if and when, a n d limite d t o the e x te n t th at, the Co m p a ny d e fa u lts un de r s uch obli g a ti o n s, p r o v i d e d t h a t any p erf orm a n ce ob ligati o n s of Gu a r a n t o r a s a res ult of it s gu a ra n t e e t o Ac q u iror h e re un d e r s h all s o l e l y be p r o v i d e d i n t he f orm of f i n a n c i a l pa y m e n ts. Gua r antor wai v e s a n y ri g h t t o r eq u ir e t h a t a ny re s ort be had by Ac quir or to t h e as s e t s o r p r o p erties of t he Co m pa n y. The Ac q u ir o r s hall p r o v i de t o Gu a ra n t or (i) n o tice of t he e x t e nt t o wh ic h t h e Co m pa n y h as d e fa ult ed u n der s u ch obli g a tions a nd (ii) a d e m a nd f or p a ym e nt by Gua r a ntor o f t he a m o u nt of s uch o b l i g a tion s, les s t h e a m ou n t in re s p e c t t h e r e o f th a t t h e Compa n y has p ai d i n a c c o r d an c e wit h th i s Ag r e e m e nt th r o ug h a nd i n c l u d i ng t he d a t e o f s u c h d e ma n d. Gu a r a n t o r s h a l l, w it h i n 30 Bu s i n e s s Da y s of r e c e i pt o f d e ma nd f or p a yme nt f r o m t h e Ac q u ir o r, pay s u c h r e m a i n i ng a m ou n t by wire t r a n s f er o f imm e d i a t e l y a v a il a b l e fun d s in a c c o r d a n c e w it h th i s Ag re e me n t. No twit h s t an ding an y t h i ng h e r ei n to t he contra r y, Gua r a n t o r r e s erv e s t he ri g h t t o a ss e r t d e f e n s es that t he Co m pany may have to p a y me n t or pe rforma n c e of any o b lig ati ons g u arante ed h ere u nd e r. The f o re g o i ng g u ar a n t e e is a co n ti n u i n g gu a r a n t e e and s h a l l r e main i n f u l l f orc e and e ff e c t for so l ong a s a ny s u c h p a yments m a y b e come due a n d paya b l e. The gu a ra n t ee c o n t e m plate d by th i s Se c ti o n 11.1 5 s ha l l apply re g a r dle s s of a ny a me n d me n ts, v a ri a tions, a lter ati on s, wa i v e r s or e x t e n si o n s t o th i s Ag re e me n t a g r e e d t o i n wr iti ng by t he Co m p a n y wh et h e r or no t Gua ra n t or r e c e i ved noti c e o f t h e s ame, a nd Gu a ra n t or h e re by waiv e s all n e ed f or n o ti c e o f the s ame. E xc e p t

45

as r equ ir ed by t h is S e c ti o n 11.15, Gua ra n t or w a ives any ob li g a t ion of d i l igence, pre s ent men t, de mand of per for ma n ce or p r o test pur suant to this S e c ti on 1 1.1 5, other than any d efe n ses that a re a v a i la b le to the Compa ny under this Agr ee men t, includi ng such l i mi t a tions on inde m n i f ica t ion provided under Ar t icle I X.

(c)G uarantor a grees to th e terms set forth in S e c ti on 11.1 1 (Dis pu t e R esolutio n) as if it w as a

Par t y, s o l e ly wi th respect to any di spu tes ar i s ing f r om this S e c t i on 1 1.15.

(d) A cquir or a ckno wled ges a n d ag rees th a t i t s ha l l n o t i nstitute, a nd s h a l l ca use ea c h of it s Affili a t e s a nd th eir re s pe cti ve represe ntativ es n ot to in stitu te, directly o r in directly, any A cti on o r b ring a n y oth e r claim arising un der, o r i n c onn e c tion with, th i s S e c t i on 1 1.15, the A g r e eme nt, the R elated A gre e men t s or the Tra nsa c tions, ag ain s t G u arantor or its Aff iliates, ex cept fo r cla ims ag ain s t G uara ntor un d er and t o the ex t ent pro vid e d i n this Section 1 1.16 and s ub ject t o the te rms and c ond iti ons set forth herein. Rec o urs e against t he G uara nto r s ole l y wit h respec t to the matte r s d esc rib e d in th i s S e c t i on 11.15(d) sh all be th e s ole and e xc l usi ve remedy of A cqu iror and all of its Affiliates ag ain s t G u a r a nto r in re s pect of any liabilitie s o r obli ga tio n s arisi ng und er, or in conn ection wit h, t his A greement o r any of the oth e r ag r e ements contemplated h ereby, o r th e Transa c tio ns, and such r e cours e sh all be su bje ct t o t he limitatio ns described herein.

[R e m a i n der o f Pa g e I n t e n ti ona l l y L e f t B l a n k]

46

above.

I N W I T N ESS W H E R E O F, t he P a r t i es h ave c au s e d t h i s A g re e me n t t o b e e x e c u t ed a s of t h e d a t e f i r s t wr i t te n

IRIDE X CORPORATIO N

By:

/s/ David Bruce

N a m e: D a v i d B r u ce

Titl e:Chief Ex e c u ti v e Of fi c er

[A SS E T P URCHA SE AGREEMENT]

above.

I N W I T N ESS W H E R E O F, t he P a r t i es h ave c au s e d t h i s A g re e me n t t o b e e x e c u t ed a s of t h e d a t e f i r s t wr i t te n

TOPCO N MEDICAL L A SER SYSTEM S, INC.

By:

/s/ Ray Vallejo

N a m e: R ay V a l l ej o

Titl e: P r e si d e n t

[A SS E T P URCHA SE AGREEMENT]

above.

I N W I T N ESS W H E R E O F, t he P a r t i es h ave c au s e d t h i s A g re e me n t t o b e e x e c u t ed a s of t h e d a t e f i r s t wr i t te n

TOPCO N AMERICA C ORPORATI O N

By:

/s/ David A. Mudrick

N a m e: D a v i d A. M u d r ic k

Titl e: P r e si d e n t

[A SS E T P URCHA SE AGREEMENT]

ANNEX A CERTAIN DEFINED T ERMS

“A ct i on” m e ans any a c t i on, de mand l e t ter, sui t, c l a im, cau se of a c t ion, com p la int, l i t iga t ion, inves t iga tion, aud it, pr o ceeding, a r b i t r a tion, medi a t ion or other s im il ar d ispu te.

“A f f i l ia t e” of any Pe rson mea ns ano ther Pe r son that dir ect ly or ind ir e c t ly t h r ough one of m ore inter med ia r i es con t rols, is contr o l led by or is under c o m mon con t rol w ith, such f i rst P e rson.

“A s s e ts” sha ll mean any and all prop e r t ies, i t e ms, ri ghts, Con tr a c t s, i n t e res ts and ass e ts of eve ry kind, na ture and descr ipt ion (where v er l o c a te d), re a l, p erson al or m ixed, tangible and int angible (w her ever loca ted and whe ther or not requi red to be r e f le c ted on a balan ce s heet pr epa red in a ccor dance w ith GAAP), in e l ect ronic form or ot he r w is e, includi ng a ll c ash, inv ent o ry, r ece ivab les, prepaid r ental s, depos i t s, advanc es and o ther p repa id expen ses, equ i p men t, f i x t u res, f u rni ture, i m p rov e m ent s, mac h ine ry, vehi c l e s, ins tr u me n ts, c o mpu t e rs, t ools, pa r t s, supp l ies and o t h er per sonal pr ope r ty, da ta, records, f i l es, manua ls, bluep ri n ts and ot h er docu men t a tion (inc lud ing s a les pr o mot ion mat e r ial s, c re a ti ve mat e r ial s, a rt wor k, photog raph s, pub lic r e la t i ons and adv e r ti s ing m a ter i a l, stud ies, rep o rt s, cor res pondence and ot h er s i mi lar documents and records and all c li ent and customer li sts, t e lephone and/or f acs i m i le nu mbe rs, e lec tron ic m a il addr e ss es w i th r e spect to past, p r e se nt or p ros pect ive c li ents and c u st o m e r s, other di re c tory l is t ings and cus t o mer inf or ma t ion, web prop e r t ies dat a, s a les and cre d it rec o rds, cat al ogs and brochur e s, pur chas i ng reco rds and re cords r e l a t ing to supp l iers and cop ies of a ll pe rsonn el r ecor d s), Soft w a re, Tec hnol ogy, Inte l lec tual Proper ty Righ ts, a nd all r igh ts and c lai ms (w h et her cont ingent or abs o l u te, m a tur ed or unm a tur ed and whe ther in tort, cont r a ct or o the r w i s e) against any Pe rson.

“A ssi g n m e nt and A ss u m p t i on A g r e e m ent a nd Bi l l of S ale” mea ns an A s s ign me nt and A s sum p t ion

Ag r e e me n t and B ill o f S a l e s ub s t a n ti a lly i n t h e f o r m atta c h ed h e r e t o a s Exh i b i t D.

“B e ha v i o r a l D at a” me ans data co ll e c ted f r om an IP addres s, web beacon, pi x el t ag, ad ta g, c ooki e, JavaSc r ipt, loc al s tor age, soft w a re, or by any o ther m eans, or fr om a pa r t ic u l ar compu te r, Web b row s e r, mob ile t e lephone, m achi ne, or other de v ice or a ppl ic a t ion, where such da ta is or m ay be u sed to i d e n t i fy or cont a ct an ind ividua l, devi ce, ac coun t, househo ld, or appl i c a tion (inc lud ing by m e ans of an adver t ise me nt or ot her c ont ent), to d eve lop a prof i le or rec o rd of the a c t ivi t i es of an ind i v idua l, dev i ce, accoun t, hous ehold, or app l ica t ion across m u l tiple web s i tes or on li ne s e r v i ces, to predi ct or i n f er t he prefer ence s, i n t e res ts, or other ch ar a ct e r is t i cs of an indi v idua l, devi c e, or app l i c at ion, or a u ser t her eof, or to t a rget adver t i s e me n ts or other con tent to an individual, d evice, acc ount, hous ehold, or appl i cat ion.

“B ooks and R e c o r d s” mea ns busi n ess rec o rds, books of account, ledge rs, f inancial and accoun t ing books and r e cords, sal es a ccount ing rec o rds, t ax r ecords, e mpl oym ent and o ther human r e sources-r el a ted books and rec o rds, m ach inery and equi p ment mai n t enance f i les, custom er and user l is ts and r ecor d s, cust o m er and user da ta, l e ad con tact dat a, cust o m er purchas ing h i s tor ies, pr ice l i st s, dist ri but ion l i sts, suppl i er l i s ts, p roduc t ion data, qual i ty con tr ol r eco rds and pr o cedu re s, cus t o mer and us er c o m p l a ints and inqu iry f i les, t e chni c al inf o rm a t ion, suppo rt logs and hi s tor ies, r es e ar ch and d e v elop ment f i l e s, reco rds, logs, and data (i nclud ing a ll cor res pondence w i th any Gover n me n t al Ent i ty or o ther t h ird Pe rson s), sal es m a te r i al and r ecords (i nclud ing p r i cing hi st o ry, s a les h i s tory, sa les pi pel ine, t o t al s a les, ter ms and cond i t ions of sa le, s a les and p ri c ing pol i ci es and pr a c t ic e s), s t rat egic p lans, int er nal f ina n c ial s tat e m ent s, m a rke ting and prom o t ional su rve ys and other mat e r i a ls, re s earch m a ter i a ls and f i l es, and r el a ted w o rk pap e r s.

“B us i n e s s” m eans the op er a tions and ac t ivi t ies of the Compa ny r e l a ted to or ot h e r w ise conce rning the deve lop me n t, m anuf a c turing and co m m e rci a l iza t ion of t he Bus ine ss Produc ts and r e lat ed p a r ts and soft ware.

“B us i n e s s D a y” m eans e ach day that is not a Sat u rday, Sunday or o ther day on which bank ing ins t i tut ions loc a ted in San Franc is co, C a l i fornia or Tokyo, Japan a re aut hor ized or obl iga ted by law or exec u ti ve o rder to cl o se.

“B us i n e s s E m p l o y e e” m e ans e ach E m p loyee who per for ms se rvi c es in connec t ion w ith t he Busine ss as of the A g ree me nt Dat e, or who is o the r w ise m u tua lly agreed upon by the C o m pany and Acqui ror in w r i t ing b et w een the A g re e m ent D a te and the C los ing.

“B us i n es s P r i va c y Po l ic y” me ans e ach exter nal or int erna l, p ast or pr e sent po l i cy, s t at e m ent, or not ice appl icable to the B u sine ss, T rans f e r red A s sets or Li censed IP r e l a t ing to: (i) the p r ivacy of u s e rs of any Bus ine ss Product or Busine ss Si t e; or (i i) the co l l ect ion, use, s tor age, r et ention, host ing, di sc losure, sec u r i ty, t ran s m i s sion, i n t er cept ion, t r ans fer, d i spos al, or other pr o ces sing of any Priva te Data.

“B us i n e s s P r o du c ts” mea ns PASCAL las er the rapy sol u ti ons as deve loped, m anuf act u red and com m e rci a l iz ed by or on behalf of the C o m pany as of the Agr eem ent D a te.

“B us i n e s s P r o d u c t D a t a” m eans (i) a ll da ta and c ont e nt up loaded or other w ise provided by or for Cust o m e rs or u sers (or any of the ir re spec ti ve Cus t o m e rs or u ser s) of the Bus ine ss or Bus ine ss P roducts to, or stored by or for Cus t o m e rs or u se rs (or any of t h e ir respec t ive Cus t o mers or u s e rs) of t he Bus iness or the Busine ss Product s; (i i) a ll data and c ont ent c r e a ted, com p il ed, infer red, de ri v ed, or o the r w i se col lec ted or obt a ined by or f or Bus ine ss Produc ts or by or for t he Busine ss or the Company in conne c t ion wi th t he provi s ion, sa le, u se, or ope ra t ion of such Bus ine ss Pr oducts or op er a t ion of the B u sine s s; and (i i i) da ta and cont ent com p i led, inf e r red, or de r ived di re c tly or i ndi r ect ly f r om any of the d a ta and con te nt des c r ibed in subc lau ses (i) and (i i) above.

“B us i n e s s S i t e s” me ans any and all Inter net webs it es and mob ile app l ica tions owned, m a intai ned, or oper a ted by or for t he Compa ny that are used in, he ld f or use i n, nece ss a ry f or or r e l a ted to the conduct or ope r a ti on of the B u si n e ss (includi ng Bus iness Pr oduct s), Tr ans fer red A ss e ts or Lice n sed IP.

“C ha r te r D o c u m e n t s” means, w ith res pect to t he C o mpany, the M e mor andum of A ssoc i a ti on, A rt icl es of A s soc iat ion, C e r t i f ica te of Inc o rpo rat ion, or s i m i l ar cons t a t ing doc u m ent of the C o mpany, as ame nded to da te, and by l a ws or s i m i l ar con s tat ing docum ent of the C o m pany, as a mended to da te, ea ch val idly adop ted and appr oved and in full f o r ce and ef f ect on the A g ree m ent D a te.

“C l o s i ng D a t e C o n s i d e r a t i o n” means [***].

“COBRA” means t he Consoli dat ed O m n ibus Budget R econc i l i a tion Act of 1985.

“C ode” m e ans the Int er n al R evenue C ode of 1986.

“C on f i de n t i al I n f o r m a t i on” shall have t he m ean ing as cri b ed to such t e rm in the Non-D iscl osure Agree me n t, a nd sha ll inc l ude t h is A g ree me nt and t he Rel a ted Agree men ts and t he m a t t e rs de s c r ibed he r ein and t h e rein.

“C on t r a c t” means any agree m ent, cont ra c t, m o rt g age, indentur e, lea se, l ice n se, covenant, plan, ins u rance po l icy, ins t r u me n t, a r range me n t, under s tanding or comm i t men t, per m i t, conc e ss ion, f ra n chi se or li c ens e, in each ca se, whe t h er or al or wr i t te n.

“C us t o m e r” means any cus tom er of t he B u si n ess in exi s tence as of the Agr e e ment Dat e, w h ich sha ll mean Topcon and i ts A ff i l i at es who d is t r ibute t he PASCAL produc ts manuf act u red by t he Com pany as of the Agr e e ment D a te to end-us e rs and other cus t o me r s.

“C us t o m e r C o n tr a c t s” me ans any Con t r a ct wi th any cust o m er of the Bus ine s s.

“D is t r i bu t i on A g re e m e n t” mea ns a Di s t ribu t ion Agr ee me nt in the form a t tached h er e to as E x h i b i t

A.

“E l l ex Cl a i ms” m eans all cl a i ms, ri ght s, s e t t l e me nt a moun ts, and o t h er mone t a ry or equi ta b le r e me d ies and/or r ecov e r ies r es u l t ing fr om and/or ot h er wi se re lat ing to t he pend ing d ispu te aga inst E ll ex r e l a ting to the El lex D ispu te, as e mbo d ied in t he a ct ion cu rr ent ly pend ing in the Tokyo Dist ri ct Cou r t, as well as t he count e r c l a i ms f i led by El lex in such action.

“E m p l oy e e” means any cu r rent e mpl oyee, of f i c er or d i rec tor of the Co mpa ny.

“E m p l oy e e C o m pe n s a ti on Expen s e s” m eans a ll B u si ness E m p loyee com p ensat i on exp ens es and other L i abi l i ti e s, i n cl uding vaca tion an d/or pa id t i me o ff that h as be en ac cr u ed but unused by any Bus iness E mployee, a ll s a lar y, wages, c o m m i s s ions, bonu ses, incen t ive pay men ts and o ther ac cr u ed but unpa id benef i ts of any B u si n ess E mployee.

“E m p l oy e e Li a b il i t ie s” m e ans any and all cl a i ms, deb t s, L iab i l i t i e s, co m m it me n ts and ob li g a t ions, whether f ixed, c ont inge nt or abs o lut e, m a tur ed or unm a tured, l iqui dat ed or unl iqui dat ed, acc rued or unacc rued, known or unknown, whene v er or how ever a ri s ing, i nclud ing a ll costs and expens es rel a t ing thereto a r i s ing under any L a w, A c t ion, O rder, pe r m it, or any awa rd of any ar b i tr a tor of any kind r e l a t ing to any E m p loyee P lan, any Cont ract wi th an Employ ee or o the r wi se r e l a ting to an E mployee and h is or her em p loy ment or s e r v ice w ith the C o m pany or E RISA A ffi l iat e, inc luding any and a ll E m p loyee Compe n s a tion Expen ses.

“E m p l oy e e P l a n” means all empl oyee benef it p lans (as def ined in Sect ion 3(3) of E RISA, whether or not s u ch plans a re sub ject to ER ISA) and all compensa ti on, bonus, comm is s ion, s tock op ti on, st ock purch ase, r e s t ri c ted s tock, equi ty, inc ent ive, de fe r r ed co mpensat ion, r e t i ree medi cal or l i fe ins u rance, suppl e mental ret i r e m ent, seve rance, gr a t u ity, t e r m ina tion ind em n i ty or o ther bene f it p la n s, program s, pol ici es, pr act i ces, con tr act s, agr eem ents or a r rangem ents, and a ll em p loy me n t, cons u l t ing, t e r mi n a t ion, seve ranc e, sav ings p lans, prof it s har ing or o ther contr acts or agr e e men ts wi th or cove r ing (inc lud ing el igi b i l i ty to par ti c ipa t e), to which any Bus ine ss E mpl oyee and ei ther the Com pany are pa r t i es or w h ich a re m a int ai n ed, con t r ibut ed to or sponsored by the Company for t he bene f it of any B u sine ss Em p loy ee (or the dependent or b enef i c i a ry t hereof e li g i b le or pa r t icipa ting on a ccount of such Bus iness E m p loye e), or wi th res p ect to w h ich the Com pany has or m ay ha ve any m a te r i al Li abi l i ty or ob l iga tion w i th r e spect to any Busine ss Employee (or t he dependent or ben e f ici a ry thereof e li g ible or pa r t i c ipa t ing on ac count of s u ch Busine ss E mployee).

“Env i r o n m e n t a l La w” m eans any Law or O r d er r e lat i ng to pol lut ion, p r o te c ti on of the en v i ronm ent or na t u ral resou rc e s, p rot e ct ion of pub l ic or o ccupational hea lth and s a f e ty, or to Haz ar dous M a ter i a ls, inc lud ing the m anuf act u re, proce s s ing, d i s t r ibu ti on, us e, t re a t men t, s torage, di sposal, col lec t ion, rec y c l ing, labe l ing, packaging, s a le, transpo rt or hand li ng of Haz ardous Mat e r ials or p roduc ts contai n ing Haza rdous Ma ter ia l s.

“Equ i t y I n t e r e st s” mea n s, w ith res p e ct to any Pe rs on, (i) any sha re of capi tal s tock of, or o ther owners h ip, m e mber s h ip, pa rtne rs h ip, joi nt ve n ture or equi ty inter est in, such Pe rs on, (i i) any indeb tedness, sec u r i ti e s, opt ions, w a r ran t s, c a l l, subs c r ipt ion or ot her r igh ts of, or grant ed by, such Pe rson or any of i ts

Affilia t e s t h a t are c onv e rti b l e i n t o, or are ex ercisa b l e o r e x ch a n ge a b l e f o r, or giving a n y P e rs o n a ny ri g ht t o a c q u ire a ny s u c h s h a r e o f c apit a l stock or o t h e r own ers h i p, p a rt n e r s h i p, j o i n t v e n t ure or eq u it y i nte r e st, i n a l l c a s e s, wh e t h e r ve s t e d or un v este d, (iii) any st o ck a p p r e c i a ti on righ t, pha n t om st o c k, i nte r e s t i n th e owne rs h i p or e a r n i ngs o f s u ch Pe r s o n or o t h e r e q u i t y e qu i v a le n t or eq uit y-ba s ed awa r d or r i g h t, or (i v) a n y Indeb te d n es s ha v i ng t h e ri g ht t o v o t e (o r conv e rti b l e i n t o o r e xch a ng e a b l e f o r s e c u riti e s h a vi n g the right to vo t e) on a ny matt e r s on wh ic h a ny h o l d e r of s e c uriti es of s u ch P e rs on ma y vote.

“E R I S A” mea ns t he E mpl oyee Re t i r e me nt Income Secur i ty A ct of 1974, as a me nded.

“E R I SA A ffi l i a te” m e ans any Per son, t rade or business, w h et her or not i nco rporat ed, under com mon con tr ol w ith t he Company or any of i ts Af f i l iates and that, toge ther wi th the C o mpany or any of its A f f i li a t e s, is t rea ted as a s ingle e m p loyer w it h in the mean ing of Sec ti on 414(b), (c), (m) or (o) of t he Code.

“Exc l u ded A ss e ts” m eans (i) all A s se ts of the Com p a ny ot h er t han the T ra n s fer r ed A ss e ts, that are not us ed in, he ld for u se in, nece ss a ry for, or r e lat ed to t he conduct or operat i on of the Bus ine ss, , and (i i) (A) the C o mpany’s ca sh, cash e qui val ent s, bank depos i ts, or s i m i lar cash it e ms, (B) a ll Exc luded Contr acts, (C) Equ ity In terests (inc luding joi nt vent ure i n teres ts) held by the C o mpany in any Pe rs on, (D) the Exc luded Books and R ecor d s, (E) the Exc lud ed Acqui s i tion R ight s, (F) the Excluded A c t ion R igh t s, (G) the Ex cluded Insurance Benef i ts, (H) the Ex cluded Enfor cem ent Right s, (I) t he righ ts that wi ll a c c r ue to t he Company under t h is Agre e me nt or any R e la ted Agree men t, (J) any i n t e res ts in R e al Prope rty, and (K) the E mpl oyee P la n s.

“Exc l u ded B ooks a nd R e c o r d s” means c o rpor ate s e a l s, organ i z a t ional docu me n t s, mi nute books, stock books, or other s i mi lar r eco rds s o le ly rel at ed to t he corpo r a te or g aniza t i on or gov er nance of the Compa ny.

“Exc l u ded C o n t r a c ts” m eans a ll Con tr a c ts ot h er than t he Tra n sf e r r ed Con tr act s.

“F a c il it y” m eans t he TM LS manu fa c tur ing fac i l ity loca ted at 606 and 628 Ente rpr ise Cou r t, L ive r m o re, CA, 94550.

“F DA” sha ll m e an the U.S. Food & D rug A d mi n i s t ration, or any s ucc e ss or agency the r e to. “F ra u d” means an a c tual and int ent ional m i s rep re sen t at ion of f act w ith r es p ect to the m aking of

the representatio ns and w a rran tie s se t fo rth i n this A greeme nt, with th e sp e c ific in tent to d eceive o r mislea d

the I nde m n ifie d Party, or with t he inte n t th a t the I nd e m nified P arty r ely on such re pres en tation or w a rranty. For th e av oid a nce o f d o ubt, “Frau d” s hal l n o t inclu de c onstru ctiv e fraud or neg lig e nt misrepresen t a tion.

“GAA P” means Uni ted S t a tes gene r a lly ac cep t ed a ccount ing pr inc i p les cons i s ten t ly app l ied. “G ov er n m e n t a l En t it y” means any Uni ted S tat es federal, s ta te or l o cal, or other non-U.S.

gover n m ent a l, or sup ra-na t ional or pu b l ic inter nat ional organ iza t ion (e.g., the Wo r ld B ank, t he R ed C r o s s,

etc.), or any r egul at o ry or adm ini s t ra t ive aut hor ity, agency, leg i s l a ti ve body or comm i t tee, d i v i s ion, ins tr u me n t a l i ty or comm i ssion, edu cat ional agen cy, pol i t i c al pa r ty, royal f a m ily, gove r n me n t-owned or

cont rol led ent er p r i se, o rga n iza ti on, or body, or judi ci al or a rbi t ral body thereof.

“H a z a r do u s M a t e r i a l” means any m a ter i a l, s ubs tance, em is s ion or was te for which l i abi l i ty or standar ds of cond uct may be im posed, or that h as been de si gna ted by any G ov er n me n tal En t i ty or by appl icab le L aw to be rad i oac t ive, toxic, hazar dous or othe r w ise a dang er to hea lth, rep roduc t ion or the envi ron me n t, inc luding PC B s, as bes tos, pe tr o leu m, and ur ea-f o r mal dehyde and a ll subs tanc es l ist ed as

haza rdous subs tances pur suant to the C o mprehe n s ive Envi ron men t al Res pon se, C o mpensat ion, and L ia b i l ity Act of 1980, as a mend ed, or de fi ned as a haz ardous w a ste p u rs uant to t he Uni ted Stat es R esou rce Conser v a t ion and R e covery A ct of 1976, as a m ende d, and the r egu la t ions pr o mulga ted pur suant to s a id law s.

“I nbound L i c e n s e A g r e e m e n t” means any Con tr act pur suant to whi ch a thi rd pa rty has gr ant ed or agr eed to gr ant to the Com p any or i ts Af f il iat es any r ight to use or ot her wi se p ra c t i ce or exploit Te chno logy or Int e l l ectual Prop e r ty R i ghts (i nclud ing any li cen se, covenant, r e le a se, i m mun i ty, author iza t ion or ot her righ t), whi ch r ight is or has been pr act ic ed in t he Bus iness, inc lud ing any Con t r act pu rs uant to whi ch any thi rd-pa r ty Technology or Int e ll e ct u al Prope rty Rights are incorpor at ed i n to or e mbodied in any Bus iness Produc t.

“I nd e b t e dne s s” of any Pe rson mea n s, as of a s pec i f i ed date, wi tho ut dupl ic a ti on: (i) all l i abi l it ies of such Per son for bor row ed money, w h et her cur rent or funded, s e cured or unsecured, a ll ob li g a t ions evidenced by bond s, debe n tur e s, not es or s im i lar i n s trumen ts, and a ll l iab i li ti es in r e spe ct of manda t o r i ly redeem able or purchas able sha re c api t al or sec u r it ies conver ti b le into sha re capi tal; (i i) a ll l ia b i l i ti es of such Person f or t he de f e rr ed pu rcha se p ri ce of pr oper ty or ser v i ces, w h ich a re requ i r ed to be c las s i f ied and accoun ted f or under GAAP as l ia b i l i t ie s; (i i i) all l iab i l i t ies of s uch Pe rson in re spe ct of any lea se of (or other a r rangem ent conve y ing the r ight to u se) real or personal p rope r ty, or a co mbinat ion the reof, which are, and to the ex te n t, req u ired to be cl a s s i f ied and accounted f or under GAAP as ca p it al lea ses; (i v) a ll li abi l i ti es of such P er son f or the r e i mbur sement of a ny obl igor on any let t er of c r edit, banke r’s acc eptance or s i m i l ar c re d it t ra n sa c t ion secur ing obl iga t ions of a type des c ri b ed in c lauses (i), (i i) or (i i i) above to the exte nt of the obl iga tion secure d; (v) a ll gu ara n t ees by such Pe rson of any li abi l i t ies of a thi rd pa rty of a nat u re s im i l ar to the types of l iab i l i t ies de sc r ibed in cl auses (i), (i i), (i i i) or (iv) above, to the e x tent of the obl igat ion gu ar ant e ed; (vi) the agg regate amount of a ll accr ued i n t e rest pa y able w ith res pect to any of t he it e ms de scr ibed in c laus es (i) through (v) above; and (v i i) the aggr egate a mount of a ll prepa y me nt pr e mi u ms, p ena l t ies, b r eakage cos ts, “ma ke whole a m ounts,” cos ts, expenses and o ther p a y ment obl iga ti ons that wou ld a r i se if any or a ll of the i t e ms des c r ibed in cl aus es (i) thr ough (vi) above w e re p repai d, ext ing u ished, unwound and se t t led in f u ll as of s u ch s pec i fi ed da te.

“I n t e l le c t u a l P r o p e r t y R i g h t s” mea ns all i n te l l ect u al prope rty righ ts and r e la ted prior i ty r ight s, whether p r o tec ted, c rea ted, or a r i si ng under the la ws of t he U n it ed S tat es or any o ther j u ri sdi c t ion or under any int er n a t ional conven t i on, includi ng righ ts r el a t ing to, ar i s ing f rom, or ass oci a ted wi th (a) P a ten t s; (b) Mar k s; (c) copy righ ts, ri ghts in wor ks of aut hors h ip, mask wor k s, r ights in dat abases and data col lec t ions, moral righ ts, and a ll r egi s t r a tion s, app l ica tion s, r enew a ls, ex t ens ions and r ever si ons of any of the for ego ing, inc lud ing m o ral and e cono m ic r igh ts, how e ver deno minated (“Cop y ri g h t s”); (c) i ndus t ri al des ign r ights and regi s t r a tions the reof a nd appl i c a tion t h er e f o r; (d) t r ade s ecret r ights and other ri ghts in con f iden ti al propr i e t a ry inf o r m a tion, includ ing r ights in non-publ ic d is cove ri es, concept s, ideas, res e ar ch and developmen t, t e chno logy, know-how, for mulae, inven t ions, c o mpo s i tion s, proce ss e s, t echniques, t echni c al data and i n f o r mat ion, proc edur e s, s e m iconductor de v ice s t ructur e s, dr a w ing s, speci f ica t ion s, da taba ses, data c o l le c ti ons or co m p i lat ion, and other col lec ted or compi led inf o r m a t ion, such as c u st o m er l is t s, cust o m er dat a, suppl i er l ist s, pr ic ing and cost inf o r mation, and bus ine ss and m a rke ting pl ans and pr opos a ls (“Tr a d e S e c r e t s”); (e) pub l ici ty and p r ivacy r ight s, i n clud ing all r igh ts w ith r e s p ect to use of a Pe rson’s nam e, s ign a t u re, l ikene ss, i mage, pho tog raph, vo ice, ident ity, pe rson a l it y, and b iograph i c al and per sonal inf o r mat ion and m a te r i a l s; (f) any ri ghts equ iva le nt or s i m i lar to any of t he f o rego ing; and (g) r ights to s ue w ith res p e ct to and col le ct dam ages for past and f u ture inf ri nge me n ts of any of the for egoing.

“I nv es t m e n t A g r e e m e n t” means an Inve s t ment Agr ee me nt in the f o rm a t tac h ed her e to as Ex h i b i t

B.

“I R S” means the U n it ed St ates Int e rnal Reve nue S e rvi ce.

“K no w le d g e” or “K no w n” means (i) in t he case of the Compa ny, act ual know ledge of e ach of R ay Val l e jo, Yoshikuni I to and David Mudr ick, a f ter re asonable due inqu iry, and (i i) in t he ca se of A cqui ror, act u al know l edge of each of David B ruc e, Fuad Ahm ad and Pa t r ick M e rce r, a f ter rea sona b le due inqui ry.

“Law” means any app l ica b le U.S. or non-U.S. na ti onal, f ederal, st a te, p rov inc i a l, local or ot her cons ti tut ion, l a w, st a t u te, ordinance, r u le, regu lat ion, d i rec ti ve, publ is h ed a d mi n i s t r at ive pos i t ion, po l i cy or pri nci p le of com mon law i s sued, enac ted, adopt ed, pr o mulgat ed, i m p l e men ted or othe r w i se put into legal ef f ect by or under the autho r i ty of any Gover n men t al Ent i ty.

“L ia b i li t y” means a ny l i a b i l ity, indeb tednes s, duty, e xpense, c h ar ge, cos t, f ee, cl a im, de f i c ienc y, com m it me n t, l o ss, dam age, guar anty, endo rs e me nt or other obl igat ion of any type, whe ther known or unkno wn, a s ser ted or unas se r ted, m a tur ed or un m a t u red, a b sol u te or con ti nge n t, accr ued or un acc rued, liqu ida ted or unl iqu ida ted, incu r red or con sequ ent i a l, det e r mi ned, det er mi n able or o ther w ise, due or to beco me due, on- or of f-bal ance she et, i n cl uding those ar is ing under any Cont ra c t, a ppl ica b le Law or Act ion, accoun ts p aya b le, roya l t ies payab le, res e rve s, Em p loyee Compens a ti on Expen ses, and l ia b i l i t ies for Taxes.

“L i c e n s ed B a ck P at e n t s” m eans the (i) the T rans f e rr ed Paten ts pr a c t iced by any busine sses of t he Compa ny (other than the Busine s s) as of the Agree m ent Dat e, and (i i) any Pa ten ts cl a i m ing p ri o r i ty to or iss u ing fr om the forego ing.

“L i c e n s ed I P” means (i) t he Lic ensed Pa ten ts, and (i i) any ot h er Int e ll ect u al Prop e r ty Rights (ot her than Pat ent s, i n ter n et prope r t ies, T r ade ma rks, and T r ansf e r r ed Int e l lec tual P rope r ty R ight s) owned by the Compa ny or any of its Af f il ia tes as of the C l o si ng and e mbod ied in the Bus ine ss Produc t s, or other w ise a re used i n, he ld f or use in, necess a ry f or or re lat ed to the conduct or ope r a ti on of the Busine ss or the B u si n e ss Produc ts.

“L i c e n s ed P a t e n t s” mea ns all Patent s, other than Tr an sf e rr ed Patent s, that are owned or l i cen sab le by the C o mpa ny or any of its Af f i l i a tes as of the Closing D a te, and a re ne ces s ary to the B usi ness, as cur rent ly conduc ted or as cur rent ly propos ed to be conduc ted, including any Business Products or oper a t ions of t he Bus ine ss, which cons i s ts of t he p at ents l i s ted in Sec t ion 3.1(b) of the Di sc los u re S chedu le.

“L i c e n s ed P r odu c ts” mea ns the B u si ness Produc ts, any de r ivat ive o f, or i mpr ovem ent to, such produc ts, but on ly to the e x t ent s u ch de ri v ed or im p roved produc ts a re oph tha l m ic l aser the rapy d evice t hat have oph tha l m ic las er t herapy func t ions, made by or on behalf of Acqu ir or or any of i ts A f fi li a t es (as per m i t ted under this A g ree men t) f o l low ing t he C los i ng. For c lar i f ica ti on, in the event that any der iva ti ve of, or im p rov e ment to, t he Busine ss Pr oduc ts m ade by A cquir or or any of i ts A f f i l iat es (as pe r m i t ted under this Agr e e ment) he re under has mul ti-f unct ion s, inc luding any func t ion o ther t h an ophtha l m ic l as er t herapy fun c tion, such as di agnos t ic func ti on, the “Li c ens ed Produc ts” her eunder sha ll mean only the po r t ion of such pr oduct that cons i st of opht hal m ic la ser t herapy func tion (and t heref o re con st i t u te oph tha l m ic las er therapy dev ic e), and t he p o r t ion that r e l a tes to d iagno st ic func t ion sha ll not be d eemed as the “L ic ensed Produc ts”.

“L i e n” m e ans any l ie n, pl edge, cha rge, c lai m, mor tgage, sec u r i ty i n t e rest or ot her enc u mbrance of any kind or cha ra c t er wha t soeve r, ot her than t he Perm i t ted L iens.

“Los s e s” means any a nd a ll cl a i ms, los s es, l ia b i l i t i e s, d amages, de f i c ienc ies, Taxes, cos t s, i n teres t, aw ards, judg me n ts, s e t tl e men ts, penal t ies and e xpenses, includi ng re a sonable att o rney s’, cons u lt ant s’, exper t s’ and o ther p r o fessi onal s’ fe es and expe n ses (i nclud ing in connec tion wi th inve s t iga tion, de fe ndi ng agai n st, pr o secu t ing, or s e t t ling any of the for egoi ng) and cou rt or a rbi t rat ion cos t s.

“M a d e A v a i la b l e” m eans t h at the C o mpany or i ts R eprese n tat ives has pos ted such m a te r i a ls to t he V irt ual D ata Room or ot he r w ise m ade ava il able to A cquir or and i ts R epr esen t a t ives by e-m a il dur ing the negot i a ti on of t h is A g re e ment, but only if so pos ted and m ade avai la b le on or prior to t he da te that is one (1) B u si n ess Day pr i or to t he Agr e e ment D a te or such o ther da te as s p e c i f ica lly ag r eed be t ween t he Pa r t ies.

“M an u f a c t u ri n g S er v ic e s A g r e e me n t” mea ns a T ran s i t ion and Manu f a ct u ri ng Ser v ices A g ree ment to be e n t e red into bet ween Topcon a nd A cqui r or on or pri or to the C los ing r e f le c t ing the m a te r i al t e r ms set for th on Exhi b it G.

“M a r k s” m eans bus ine ss nam e s, corpo r a te n a mes, trade n a mes, logo s, s logans, t rade d res s, fi c t i t ious and other bu s ine ss na me s, r egi s t e red and unreg is t e r ed t radem ar ks and ser v ice m a rks, Internet dom a in nam es, s o c ial m edia handles, o ther i ndi cators of sou rce or o ri g in, product a nd t e chno logy desi gnat ions (e.g., produ ct code na mes, f eat u re na mes, t echnology na m e s, fun ct iona l i ty na m e s, model numbe rs, SKU n u m b ers, e l ect ronic lab e ls, and iden t i f ica t ion nu m ber s), r egi s t r a ti on of and app l ica t ions f or any of the f o rego ing, and a ll goodw i ll as soc i a ted wi th any of the for egoing.

“M a te r i a l A d v er s e E f f e ct” means any change, event, v iol a t ion, inaccu racy, c ir cu m s tance or e f fect (any s u ch i t e m, an “E ff e c t”), ind i v idua l ly or in aggr egate, that is or is rea sona b ly like ly to be mat e r i a l ly adver se to (a) the Tra n s fer red Ass e ts or the r es u lts of oper a tions or f inan ci al condi t ion of the Bus ines s, taken as a who le, or (b) t he ab i l i ty of the C o mpany to con s u m mate the T ra n sa c tion; prov ided, how ever, that “M a te r i al Adver se E f f ect” s hall not i n clude any event, oc cur renc e, fa c t, cond i t ion or cha nge, di rec tly or ind ir ect ly, ar i s ing out of or at t ri but able to: (i) gene ral econom ic or po l i t i c al c ondi t ion s; (i i) cond i t ions general ly af f e c t ing t he indu st r ies in whi ch the Bus ine ss oper a te s; (i i i) any chang es in f inanc i a l, bank ing or sec u r i ti es m a rke ts in g ener al, inc lud ing any d i s rup tion the re of and any de c l ine in the p r i ce of any secu r i ty or any m ar ket index or any change in preva i l ing i n te re st rat e s; (iv) ac ts of w ar (whether or not dec lared), ar med hosti l i ti es or ter ror i s m, or the es cal a t ion or w o r seni ng the r eof; (v) any changes in appl i cable La ws or account ing r u les (inc lud ing GAAP) or t he enf o rc e me n t, i mpl e m ent a t ion or i n ter p r e t a tion thereof; (v i) any n at u r al or m an-made d isa s t er or a c ts of God; (vii) any epi d e m i c s, p ande m i c s, d is ease ou tbr eaks, or other pub l ic heal th e m e rgenci e s, inc ludi ng Cov id-19 outbr eak; (vi i i) any ac t ion requ ir ed or pe r m i t ted by this Agr e e m ent or any ac t ion taken (or o m i t ted to be taken) wi th the wr i t ten con sent of or at t he w r i t t en reque st of Acqu ir o r; (ix) t he announce men t, pe ndency or co mplet ion of t he T r ans act ion, inc luding l o ss es or t h rea te ned los ses of e mployees, cus t o me r s, suppl ie r s, di s t r ibutors or o the rs hav i ng r e lat ion shi ps wi th the Compa ny and the B u si nes s; (x) any f a il u re by t he Bus iness to m eet any int er nal or pub li shed p rojec tions, for eca s ts or revenue or e a rnings pr edi c t ions (provi ded that the und e r lying c aus es of such fai lures (sub ject to the ot h er pr ovi sions of this de f ini ti on) not be exc luded); or (x i) any m a t ter of w h ich A cqui r or had Know ledge as of Agree m ent Dat e.

“N i dek P a t e n t s” mea ns (i) Japane se pa te n t, Se r ial N u mber 4970068, reg i s tered on April 13, 2012, and (i i) US pa ten t, Se r ial Number US8066696, regi s tered on Nove m b er 29, 2011.

“N i dek-Top c on P a t e n t L i c e nse A g r e e m e n t” means t hat cer t a in pat ent l icen se a g ree ment (Tok k y o

Jis shi K yodaku K ei yak u) e n t e r ed i n t o b y and b et w e e n N i dek a nd Top c on on M a r c h 24, 2015.

“N i dek-T M LS S u b l ic e n s e A g re e me n t” means t h at ce r tain Subl i cense A g ree me nt by and be t w een the C o mpa ny and N idek, d ated as of Feb rua ry 28, 2015.

“N on-R e t a i ned E m p l o y e es” m eans t he Bus ine ss E m p l oyees do not acc ept an of fer to con ti nue the ir em p loy ment wi th A cqu i ror fol low i ng t he C l o sing D at e.

“O p e n So u r ce Li c en s e” m eans any li c ense t hat (a) is consi der ed an open sou rce soft w a re l ice n se by the O p en Source I n i t i a t ive or a fr ee So ft ware l i c e n se by the Fr ee Sof t ware Founda t ion, or any l icense

sub stantiall y similar to a n y of th e fore g oin g, in clu ding any v ersion o f any so ftw are licen sed p ursu a nt to a ny version of the GN U G en eral Pub lic License, GN U Lesser/Library Gen eral Pu blic License, A pac he S oftwar e Lice nse, Mo z illa Pu bli c L icens e, B SD Lice nse, MI T Lice nse, C o mmon Pu bli c Lice nse, or any d eri va tive of any of t he foreg oing lic enses; or (b) re qu ires, a s a cond ition o f use, mod ifi cati on or d istrib u tion of Softw are su bje c t to such lic ense, that (i) such So ftw are or oth e r S oftw are c omb i ned or distrib uted with su c h softw a r e b e d i scl osed o r d i stribu ted in S o urc e C ode fo rm, or (ii) such So ftw a r e or oth e r so ftw are combined or distrib uted with such S oftw are or a ny a sso cia ted Techn ology be mad e av ail a ble by any memb e r sell er witho u t c ost (i nc l udin g fo r the p urp ose o f m aki ng ad d itio nal cop ies o r d eri va tive w orks).

“O pen Sou r ce So f t w a r e” mea ns any So ft w a re made avai lab le under or othe r wi se subj ect to any

Open Sourc e L ic e n s e.

“O r d e r” mea ns any or d er, jud g men t, injun c t ion, rul i ng, edict, or o ther dec ree, whether non-f ina l, fina l, t e mpo r a ry, p r e l i m ina ry or pe r manent, enact ed, iss u ed, p r o mulgat ed, enf o rced or ent e red by any Gover n men t al Ent i ty.

“O u t bou n d L i c en s e A g r e e me n t” means any Con t r a ct purs u ant to whi ch t he Company has gr ant ed or a g re ed to gr ant to any third pa r ty any right to use or o the r w i se pr act i ce or expl o it, or h as o the r w i se gra n ted or agr eed to grant any l ice n se, covenan t, r e lea s e, im muni ty, a u thor iza t ion or o ther r ight wi th respect to any Bus iness Product or Trans f e rred IP.

“P at e n t s” mea ns paten ts a nd pat ent appl ica t ions, u t i l i ty mode ls a nd app l ica t ions f or ut i l ity model s, inven tor’s ce r t i f ica tes and appl ic a t ions for i nve n tor’s cer t i f ica tes, and inven t ion di scl o sure s t a t e men ts, inc lud ing a ll con tinuat ion s, divi si onal s, con ti nua t i ons-in-par t, prov i s iona ls, rei s sues, r eexam ina t ions, subs t i tut ions, reval ida tion s, rene w a ls, e x ten sion s, and for e ign count e rpa r ts of, paten ts iss u ing on, and appl ic a t ions for, any of the for egoi ng.

“P at e nt A s s i g n me n t A g r e e me n t” m e ans a Pat ent A s s ignme nt A g r e e ment sub st an ti a l ly in the f o rm at t ached he re to as E xh i b i t E.

“P e r m i t” m eans any l i c enses, per m i ts, f ranchi se s, approval s, autho r iza ti ons, cer t i f ica tes, regi s t r a tion s, exempt ions, righ ts, O rders or cons ents obt a ined or r equ ir ed to be obt ai ned f r om any Gover n men t al Ent i ty.

“P e r m i t t ed L ie n s” mea ns the f o llow ing L ien s: (i) Liens f or T a x es, as s es s men ts or o ther gover n m ent al cha rges or l evies that a re not yet due or payab le or t h at a re be ing contes ted in good f a ith by approp r iate proc eed ings a nd for which adequa te r ese r ves have b een e st abl ished in acc o rda n ce w i th GAAP; (i i) s t a tutory Li ens of land lords, l e ss o rs or re n t e rs for amounts not yet due or payable or that a re being cont e s t ed in good fai t h; (i i i) Liens of ca r r ier s, w a rehouseme n, mechan i cs, m a t e ri a l men, l abor e rs, wor k men, repa i r men, o ther Liens, in each ca se, i mposed by appl i cab le Law a nd o ther s i m i lar L ie ns a r i si ng or occur r ing in t he o rdina ry course of bus iness (x) f or a moun ts not yet ove rdue or (y) f or a mounts that are overdue and that a re b eing cont e s ted in good f a ith by appr opr iate proc eedi ngs and f or which adequa te res e rves have be en e st abli shed in a cco rdance wi th GAAP; (i v) Li ens incu r red or depos its made in the ordi nary cour se of bu si ness in connect ion wi th worker s’ c o mpe n s a tion, une mpl oy ment insur ance or other types of soc i al s e cur i ty; (v) all app l i cab le zoni ng, en t i t l e men t, cons e rva ti on r e s t r i c tions, l and use res t r i c ti ons and other gove r n men tal r u l es and re gul a t ions; and (v i) Liens ap p roved in wri ting by Acqui ror.

“P er s on” me ans any ind i v idual or e n t i ty, inc lud ing a par tne r ship, a l i m i ted l i abil ity company, a corpo r a tion, an a ss oci a t ion, a j o int st ock co m p any, a t rust, a j o int ven tur e, an uni ncorpo r a ted o rgan i z a t ion, or a Gov er n me n t al Enti ty (or any depa r t m ent, age n cy, or po l i ti cal subd ivi si on t h e r eof).

“P er s on a l D at a” means: (i) a na tur al pe rson’s na me, str e et add r e ss, t e lephone numbe r, e-m a il addr e ss, photogr aph, soci al sec u r i ty nu mber or tax iden t i fi c a t ion num ber, dr ive r’s l ice n se nu m b er, pas sport numbe r, c re d it c ard nu m be r, bank inf o r mat ion, or cus tomer or account num ber, bi o met r ic i d ent i f i e rs or bi o me t r ic i n for m a ti on or any other p iece of i n for m a t ion that a lone or in co mbina t i on w ith ot h er i n f o r m a t ion dir ect ly or ind ir ect ly a l lows the i d ent i f ic a t ion of or c ont act w ith a natur al per son, househo ld, or d evice (and for g re a ter cer t a inty inc lud es all such i n for m a ti on wi th r e spect to B u si ness E mployees), (i i) any ot her inf o r mat ion de fi ned as “p ersonal da ta”, “per sona lly ident i f iab le i n for m a ti on”, “c u st o m er p rop ri e t a ry net work infor m a ti on,” “i ndividua lly ide n t i f iable hea lth inf o r mat ion,” “pe rsonal infor m a tion,” or any s i m i lar t e rm under any app li cab le Law; and (i i i) any infor m a ti on associ a ted, di r ect ly or indi rec t ly, to any of t he f o re going..

“P r e-C l o s i ng P e r i od” me ans the p e r iod f r om t he Agr e ement D a te and con tinu ing unt il t he e a r l i er of t he t e r m ina t ion t h is Agreeme nt and the C l o si ng.

“P r i v a cy La w” mea ns any Law (i n clud ing the EU G ener al D a ta Pro t ect ion R egu la t ion (GDPR), Privacy and E l e c t ron ic Com muni c a tions D i rec ti ve 2002/58/EC, Pe rsonal Infor m a t ion Prot ect ion a nd E le c tron ic Docu men ts Act, the CAN-SPAM A c t, and t he C a l i for n ia C ons u m er Pr i vacy A c t), any app l i cab le rul e, pr inc ipl e, or ot her requir e m ent of a s e l f-regu l a t o ry or gani z a tion, i nclud ing the EU-U.S. and Sw iss- U.S. Priva cy Shield p rog r a ms, as app li cabl e, and any appl ica b le publ is h ed indus t ry best prac t i ce or o ther standard (i nclud ing the PCI Data Secur ity S tanda rd, as appl ica b l e) or con t rac tual requi r e men t, as in each case a me nded f r om t i me to t i me, r e lat ing to (i) pr iva cy, data prot e c t ion, sys tems or inf o r m a t ion secu r i ty, or re s t r ic t ions or obl iga t ions rel a ted to the col lec t ion, u se, dis c losur e, t rans f e r, t ran s m is s ion, st o rag e, s e cur i ty, host ing, d ispo s a l, r e ten t ion, int er c ept ion or other pr o ces s ing of Pr iva te D a ta or (i i) d i rect m a rke ti ng to cons u m e rs, the init iat ion, t rans m i s s ion, int e r cep tion, receipt, or o ther p roce s s ing of c o m mun ic a ti ons, or cons u m er pr o t ect ion.

“P ri v a t e D a t a” me ans, col l ect ive ly, Behavi o r al Dat a, Busine ss P rod uct D a ta, and P erson al D a ta.

“R e al P r op e rt y” m eans r e al prope r ty toge ther w ith a ll eas e me n ts, li cen s es, i n t e re s ts and a ll of t he righ ts a r i si ng out of the ow ners h ip the r eof or appur tenant t h er e to and t ogether w ith all bui ldings, s t ruc tur es, fa c i l i t ies, f ixt u r es and o ther im p rov e men ts t her eon.

“R e g i s t e r ed T r an s f e r re d I P” mea ns any T ran s f er red IP that is re g i s t e red, app l i ed, recor ded, or f i l ed w ith a G overnm ental En t i t y.

“R el a te d A g r e e m en t s” m eans the Non-D i s cl o sure A g ree ment, t he E m p loy me nt Agre e men ts, t he Assign me nt and A ss u mpt i on Agr eement and Bi ll of Sa le, t he Pa tent A ss ignm ent Agre e me n t, the Tr ade m a rk Assign me nt A g ree me n t, Di st r ibu ti on Agr e e ment, and Inves t m ent A g ree men t.

“R e p r e se n t a ti v es” m eans, w ith r es p ect to a Per son, such Pe rson’s A f f i l i a tes and the d i r e c tor s, manage rs, m e mbe rs, st ockholde rs, of fi c e r s, e m p loye es, a dvi sor s, counse l, a ccountan ts, agents or ot her repres ent a t ives of such Pe r son and i ts A f f i l i a tes.

“So ft w ar e” means a l l: (i) compu ter progr a ms and ot her s o ft w a re, inc lud ing f i rm ware, m ic rocode, and dr iver s, and i ncl uding soft w a re i m p l e men ta t ions of algor it h ms, model s, and m ethodo log i e s, whet h er in Source C ode or ot h er for m, inc luding l ibr a r ies, subroutines and ot her co mpone n ts thereo f; (i i) c o mput e r ized data b as es a nd other c o mpu te r iz ed co m p i lat ions and col lec t ions of da ta or inf or m a tion, i ncl uding a ll data and i n f o r mat ion inc luded in such d at aba s es, com p i lat i ons or col lec t ions that a re Trans fer red A s se ts.

“Sou r c e C o d e” means co mput er p rog r a m m ing code in human r eadab le form that is not s u i t able f or mac h ine execu t ion w ithout the inter veni ng s teps of int e rpr e t a ti on or c o mpi l a ti on.

“S t an d a r d Fo r m I P C on t r a c t” means each s tand ard f o rm Cont r act u sed in the Bus iness at any ti me, inc lud ing each s ta nda rd form of: (i) cus t o mer or end us er agr eem ent f or a Bus iness Produc t(s); (i i) agr eement f or rece i pt of deve lop me nt ser v ice s; (i i i) em p loyee ag re e m ent con taining any a s s ign ment or li c ense of Techno logy or Int e ll e ct ual P rope r ty R igh ts or any con fi dent i a l i ty p r ovi s ion; (iv) cons u l t ing or independent con t rac tor a g ree ment c ont a i n ing any ass ign ment or l ice n se of Technology or Intel l ect u al Prope rty R igh ts or any con f iden t i a l ity prov i s ion; and (v) con fi d ent i a l i ty or nond i sclosure agr e e me n t.

“Sub s i d i ar y” mea n s, wi th res pect to any Pe r son, each corporat ion, exe mpt ed company, l i m i t ed li abi l i ty co mpany, pa r tner s h ip, a s soc i a tion, j o int ven ture or other bus ine ss en t i ty of which s u ch Pe rson owns or has owned, di r ect ly or i ndir ect ly, any of the s tock or other Equi ty Interest e n t it l ed to vo te on t he e l e c t ion of t he m e mbers of t he boa rd of d ir ect o rs or s i m i lar gover n ing body.

“Supp l y A g r e e m e n t” mea ns a Supply Agr eement to be entered i n to be t w een Acq u ir or and Topcon on or a round t he C l o sing Date.

“Ta n g i b l e A s s e t s” mea ns a ll m achi nery, t ool s, f u r n it u re, o f f ice app l ianc es, f i x tur es, test f i x tur e s, work s t a t ions, ass e m b ly, t e st and c a l ibr a t ion equ i p ment (and relat ed sof t war e), equipment nec es sary for t he Busine ss and r e sea rch and deve lop ment of the G e nM ser ies of Busine ss Product and all o ther tang i b le prope rty of any k ind or na ture.

“Ta x” means (i) any inco me, al ter n a t ive or add-on mini mum tax, gross inco me, es t i m a ted, gr o ss rece i p ts, s a les, u se, ad va l o rem, va lue added, tr ans f er, f ranch i se, c api t al st ock, p rof its, l i c ense, regi s t r a tion, w ithho l d ing, pay rol l, soc ial secur ity (or equ iva len t), employm ent, une mploy men t, di sabi l i ty, exci s e, seve ranc e, s t a mp, oc cupa t ion, pr e m ium, p rop e r ty (r eal, tan g ible or int angibl e), escheat or unc l a i m ed prope rt y, envi ron me n t al or w ind f a ll pr o f it t ax, cus t om duty or o ther tax, governmen t al fee or o ther l ike ass e s s me nt or cha rge of a ny kind w hat soeve r, toget her wi th any i n t e re st or any pena l ty, add i t ion to tax or addi ti onal a mount (w het her di spu ted or no t) i mposed by any Governm ental En t ity r e spons i b le for the im pos i t ion of any such tax (domes tic or f o re ign), (i i) any li abi l i ty f or the payment of any amounts of t he type de s c r ibed in c lause (i) of this s entence as a res u lt of be ing a m e mber of an af f i l i a ted, con sol ida te d, com b ined, un it a ry, aggr ega te or s i m i l ar group f or any taxable pe r iod, a nd (i i i) any li abi l i ty for the pay ment of any amounts of the type des c ri bed in cl ause (i) or (i i) of this sent ence as a result of be ing a t rans f e ree of or s u cce ss or to any Pe rson or as a re sult of any exp r ess or i mpl ied ob li g a t ion to a ssu me such Taxes or to inde m n ify any o ther Pe rson, inc lud ing by ope r a t ion of La w.

“Tax Al l oc a t i on” m eans an al loca t ion of the C los i ng D ate Con si d er a t ion, tog ether wi th any ass u med l iab i l i t ies to the exte nt pr ope r ly taken into accoun t, a mong the Tr ans f e rred A s s e ts prepa red by Acqui ror in a ccordance with Sect ion 1060 of t he Code and t he r egu la t ions t her eunder.

“Tax I nc e n t i ve” means any T ax e x em p t ion, Tax hol iday or ot h er Tax re duct ion C ontr act or O rde r. “Tax R et u r n” mea ns each r eturn (i ncl udi ng any i n form at ion r e tur n), repor t, s t a tem ent, de cl a r a ti on,

est i m a te, schedul e, no t ice, not i f i c a tion, for m, e lec ti on, cer t i f ic a te or other docu ment or inf o r m a t ion f i l ed w ith or s ubm i t ted to, or r equir ed to be f i l ed w ith or s ubm i t t ed to, any Gover n m en tal E n t i ty in conne c t ion w ith t he det e r mi n a t ion, a sse s s m ent, co l le c ti on or payment of any T ax or in conn e c t ion wi th t he adm ini s t r a tion, i m p l e men tat ion or en force ment of or co m p li ance w i th any L aw rel a t ing to any Tax, inc lud ing any a mend ment thereof or a tt ach ment t her e to.

“Te c hn o l og y” m eans a ll p ropr i e tary te chnology, t echniqu e s, pr oce s ses, de si gn s, des ign r u les, desi gn tool s, invent ions (whether or not pat ent ed or pa te n tab l e), w o rks, pl ans, d isc over i e s, idea s, innovat ions, conce p ts, kno w-how, met hods, spe c i fi ca tions of the C o mpany that cons t i t u te T rans f e rr ed Asse t s.

“Th i r d P a rt y E x p e n s es” m eans a ll fe es and exp ens es i n cur red by or on beha lf of t he Com p any p ri or to the Clos ing in c onne c t ion w ith t h is Agr e e me nt and the Tr ansa c t ions, including a ll legal, a ccount ing, financial advi sory, cons u l ting, finder s’ and a ll o ther fees and e xpens es of thi rd par t ies incu r red by or on behalf of the C o mpany in conne c tion wi th the negot i a t ion and e ff ect uat ion of the ter ms and cond i t ions of this Agr e e ment, t he Rel at ed Agre e me n ts and the T ransac t ions.

“To t a l C on s i d e r a ti o n” m eans the tot al a mount of cons ide r a t ion paid under this Agr e e ment, com p r i sed of the Clos ing D ate Con si d e r a t ion as ad justed by any T ax A ll o cat ion s.

“T ra d e Laws” me ans, wi th r espect to the C o m pany, a ll appl i cab le i mpo r t/e xport and trade sa n c t ions laws a nd r egul a t ions, inc l uding those under t he a u tho r i ty of U.S. D epart men ts of Com m e rce (Bur eau of Industry and S ecu r i ty) codi f ied at 15 CFR, Par ts 700-799; H o me land Secu r i ty (Cus toms a nd Bor der Prot ect ion) cod i f ied at 19 CFR, Parts 1-199; S t a te (D ir ect o r a te of D e fense Tra de Contr o ls) codi f i ed at 22

CFR, P arts 103, 120- 13 0; a nd T r e a s u r y (Offi ce of For ei gn As s e t s Co n tr o l) co d ified at 31 CFR, P a rts 500-

599) and a ll co mparable appl i cab le export and i mpo rt Laws out si de t he Uni ted S t ates.

“T ra d e m a r k A s s i gn m ent A g r e e m e n t” m e ans a Tr ade mark A s sign m ent A g ree me nt subs ta n t ial ly in the form a t t ached he re to as Exh i b i t F.

“T r a n s a c t i on s” mea ns each and e v ery t ran sac ti on con t e mplat ed by this Agree m ent or the R e lat ed

Ag r e e me n ts.

“T ra n sf e r T a x es” m e ans a ll s a les, use, t rans fer, va lue added, goods and s e r v ice s, gross r e ceipt s, exci se, conve yance, docu ment a ry, s t a mp, re cor d ing, r egi s t r a t ion and s i m i l ar T a x es and fees incu rred in connec t ion wi th the A sset Sale.

“T ra n sf e r r e d C on t ra c ts” m eans (i) a ll con t rac ts set f o rth on Se c t i on 3.12(a)(i) of the D is c losu re Schedu les, (i i) a ll cont r a cts s et for th on S e c t i on 3.1 1(o) of the D i scl o sure S chedule, (i i i) a ll con tr acts set for th on S e c t i on 3.11(p) of the Di s c los u re Schedu le, a nd (i v) a ll A ddi tional T ransf er red Con tr act s.

“T ra n sf e r r e d C opy r i g h t s” mea ns t he Copyr igh ts of t he Company in (i) t he Busi ness Produc ts, a nd (i i) t he Soft w are or other works of a u tho rsh ip us ed in, held f or use in, nec e ss a ry f or or r e l a ted to the conduct or ope r a ti on of the B u si n e s s.

“T r a n s f e r re d I nv e n t o r y” m eans al l r aw m a t erial s and finish e d go o ds inve ntory c ontro lled b y th e C ompan y or t he C o m pany that are used in, h eld fo r use in, n ecessary f or o r rela ted to the c ondu c t or operati on of the B usin ess. F or cl a rity, Transferr ed I nv e ntory sh all in clude tw elve (12) u nits of the B u sin es s Produ cts o w ned by the C ompany immed iat e l y p rior t o the Clo sing.

“T ra n sf e r r e d I P” m eans (i) t he T rans f e rr ed Pa ten ts, (i i) t he Trans fe r red Tradem a rks, (i i i) t he T rans f e rred C opyr igh ts, (i v) the T ra n sf e r r ed Trade Se cr e ts, (v) a ll ot h er Intel le c tual Prope rty R ights t hat are owned by the Com pany t hat are used in, held for use in, ne ces sary f or or r e lat ed to the conduct or oper a t ion of the Bus ine ss or the Bus iness Products or t hat a re i ncor por a ted into or e mbod ied in t he Busi n e ss Produc ts, and (vi) all r igh ts cor respondi ng to any of t he for egoi ng t h roughout the world, inc lud ing the right to cl a im pr ior ity f r om any of the f o rego ing, the r ight to r egi s t e r, pros ecu te and ma intain any of the f o rego ing, and the ri ght to enf o r ce, sue, cl a im r e me d ies and re cover damag es for p a s t, pr e sent and f u ture i n f r inge me nt or other vi o l a ti on or i mpa i r me nt of any of the for egoi ng.

“T ra n sf e r r e d I P / Te c h no l ogy-R ela t ed D o cu m e n t a t i o n” m eans ea ch of the f o l low ing in p ape r, digi t a l, or o ther for m s: (i) the phys ic al and el ect ron ic patent pros ecu t ion f i les and docke ts r e l a t ing to any of t he Tr ans fer red IP (inc l uding a ll or igi nal p ros ecu ti on f i les h eld by prose cut ing at torneys); (i i) inven ti on

dis c losur es in r espect of Trans f e rred IP; (i i i) RAND / FRAND and ot her s ta tem ent s, a ss u rances, decl ar a t ions, ag r eem ent s, or unde r taki ngs made to s tanda rds-set ting o rgani zations w ith res p e ct to the T rans f e rred IP; (i v) l i t iga t ion f i l es to the ext ent re lat ing to A c ti ons brought for inf ring e m ent of the T rans f e rred IP; (v) r ibbon copies of a ll of T rans f e rr ed IP that are Pa ten t s; (v i) inf r inge m ent cl a im cha r ts f or the Trans fer red IP prepa r ed by or for the Com pany; (vi i) all book s, recor d s, f il e s, le dge rs or s i m i lar documents st o red in the Company’s do c u ment managem ent s y st e ms u sed to tr ack, orga n i ze or mai n t a in T rans f e rred IP; (v i i i) copi es of acqu i s i t ion a g re e me n ts rel a t ing to s tand-a lone a c qui s i t ions of Intel le c tual Prope rty R igh ts by the C o mpany to the ex t ent r e l a ted to the Tra n s fer red IP; and (ix) as s ign me nt a g r eem ents to t he ex te nt r e lat ed to the Trans f e rred IP.

“T ra n sf e r r e d P a te n ts” m eans (i) the P at ents set f o r th on Se c t i on 3.11(a) o f t he Di s c l o s u r e Sch e du l e; and (i i) a ll f o reign coun ter par t s, r e iss u es, di v i s iona ls, r enewal s, exten s ions, con t i nua t ions or con t inua tion s- in-part wi th r espect to any of t he for egoi ng, and a ll Paten ts i ss u ing fr o m, c lai mi ng p ri o r i ty to, s h a r i ng com mon pr ior ity wi th, or linked by t e r mi nal di scl a i m er to any of the f o rego ing, or f r om which any of t he for egoi ng c la im p ri o r i ty.

“T ra n sf e r r e d T a n g i b l e A ss e t s” means (i) a ll T ang i b le A ssets us ed in, he ld f or use i n, nece s sary for, or r e l a ted to t he conduct of or oper a t ion of the Bus iness or t he ope ra t ion or act ivi ti es of the Bus iness E mployees in conn ect ion w ith the B u si n ess, and (i i) t he T ransf e r r ed Inven tory.

“T r a n s f e r re d T ra d e m a r k s” mea n s a l l Mark s used in, h eld for use i n, n ece ssary for or re lat ed to th e condu c t or o p erati on of B usin ess, t he B usi ne s s Prod ucts or the u s e or op eratio n of any Tran sferre d Assets, in cludi ng the Marks s et fo rth o n S e c t i on 3.1 1(a) o f th e Disclosu r e Sched ule, b u t exclu ding the C omp any Marks.

“T ra n sf e r r e d T ra de S e cr e t s” m eans the Acqui ror Con f iden t i al I n for m a ti on, and all Trade Sec r e ts and Conf iden ti al Infor m a t i on of the t he Com pany (i) e mbodied in or used in t he de v elop men t, manuf a c tur e, di s t r ibut ion, or suppo rt of the Bus ine ss Produc t s, or (i i) known to the Tr ans fe r red E mploye es w ith respect to t he Bus ine ss.

“T re a s u r y R eg u l a t i o n s” m eans the U n it ed St a t es Tr easury r egu la t ions i ssued pur suant to the Code.

“V i r t u a l D a t a R o o m” m e ans that c e r ta in v i r tual da ta room ho st ed at the fol low ing add re ss:

htt p s://servi c es.int r a li nks.com/w eb/index.htm l#wor kspace/10279835/doc u men ts.

“W AR N A ct” m e ans the Worker Adj u s t ment R e tr a i n i ng Not i f i cat ion A ct of 1988, as a mend ed.

E x h i b it A

DISTRIBUTION A G R EE MENT

TH I S D IS T R IB U T I O N A G R EEME NT (this “Ag re ement”) is e nt e r e d into a s of Ma r c h [ ],

2021 by and b etwe en I R I DEX C O R P O RA TI O N, a D elawa re corpor ation with its principal pla ce of business at 1212 Terra B ella Avenue, Mount ain View, C alifornia 94043, United Sta t es (“I r id e x”), and T O P C O N C O R P O RA T I O N, a cor poration or g a n i zed under the laws of Japan with its pr incip al place of business at 75-1 Hasunum a-cho, Ita b ashi-ku, Tokyo, Japan, 174-8580 (“T o p c o n”). Iridex and Topcon may be re f e rred to h ere in by n ame or, individually, as a “P a rt y” and, collectively, as the “Pa rt i e s”.

BACKGROUND

WHE R EAS, t he Parties (directly or t hrough one or more affil iates) ar e en teri ng i nto a s eries of s trategic tran sactions pursuant to wh ich (i) Iri dex wi l l purchase f rom Topcon Medical Laser S ys tems, I nc. (“T M LS”) sub s tantially al l as sets of TMLS relating to the development, manufacturing and commerciali zat ion of TMLS PASC AL (as defined bel o w) pursuant to an As set P urchase Ag reement date d on or around the date h ereof among TML S, Iridex and Topcon America C orporat ion (so lely for t he purpose of Section 1 1.15 therein; such ag ree ment, t he “AP A”), (i i) Topcon Am erica C orp oration will acqu ire certain equ i ty interes t s in Iridex p ursuant to an I n vest ment Agreement between To pcon Am erica C orporat i on and Iridex dated on or around t h e date hereof, and (iii) T MLS and Iridex will en ter into a certain t rans it ion and manu facturing services ag r eement effect ive as of t he Effect ive Date (as defined bel ow; such agreement, t he “M S A”) regarding t ran s it ion of regulatory au t h orizations relat ing to, a nd manufacturing and supp l y of, TMLS PAS C AL for a certain trans i tion peri od aft e r the E ffect i ve Date; and

WHE R EAS, in connection with such s trategic tran sact ions, Top c on and its affi l iates des ire to be gran ted exclus i ve ri ghts t o Dis trib u te, and appointed as an exclus i ve authorized dis tributor of, the Products in the Territory (each, as defi ned bel ow), and Iridex desires to so gran t, and appoint, Topcon and i t s affiliates, al l on the terms and cond i tions of th i s Agreement.

NOW, THEREF O RE, in consideration of the fore going premises and the mutual promises, covenants and conditions contained in this Agr e ement, the mutual b enefits to be gain ed by the performan ce the r eof, and for other good and va luable considera tion, the re c eipt and sufficiency of which are h e r eby acknowledged and ac c epted, t he P arties agr ee as follows:

ARTICLE 1

DEFINITIONS; INTERPRET A TION

As used in this Agr e ement, the following initially capita lized t erms be low shall have the respective m eanings set forth in this Article 1:

1.1“A ff il i a t e” me ans, with respe ct to any P erson, any other P erson that, directly or indirectly, C ontrols, is Controlled by, or is under common Control with, such P erson.

1.2 “A pp li c a bl e L aw(s)” means all l aws, ordinance s, rules and regul ations of any government al entity or R egul atory Ag ency th at apply to the Dist ribution of Products in the Territory and the a ctivities cont empl ated under this Agree m ent, including without limitation (i) all applicable fe d eral, st ate and local laws, rul es and regula tions; (ii) the U.S. Federal Food, Drug and Cosm etic Act; (iii) regula tions and guide lines of the U.S. Food and Drug Administ ration (“F D A”) and other R egulatory Ag encies; and (iv) applicable foreign equivalents of any of the for egoing.

1.3 “Bu s in e ss Day” means e ach day that is not a S aturday, Sunday or other d ay on which banking institutions located in S an F r ancisco, C alifornia or Tokyo, Japan a re authoriz ed or obligated by law or e x ecutive order to close.

1.4 “C h a n ge of Co n tr ol” means a change of Control of a P erson, including the occur r ence of any of the following events, by means of any transa ction or series of rela t ed transactions: (i) the sale of all or subst anti ally all of the ass ets of such P erson to a Third P arty; (ii) a sale or other tr ansfer r esulting in more than fifty (50%) p er c ent of the voting securities of su ch P erson being held by an unaffilia t ed Third P arty; or (iii) a mer g er, consolidation, recapit aliz ation or reor g anization of such P erson with or into a Third P arty resulting in change of Control of such P erson.

1.5 “Co n tr ol” means, as a pplied to any P erson, the poss ession, directly or indirec tly, of the power to di rect or cause the direction of the manage ment or policies of such P erson, whether through ownership of voting securiti es, contracts or other wise. “Co n tr o l l e d” has the cor r e l ative meaning.

1.6 “C u sto m er(s)” means, individually and collec t ively, P ersons to whom Topcon, its Affiliates a nd/or Subdistributors sell the P roducts within the Te rritory, including any end users and/or other purchase rs who a re r esell ers loc ated in the Te rritory who pu rcha s es the P roducts for re s a le to end users in the Te r ritory.

1.7 “D e f ect i v e” or “D ef e c t” means not conforming to, or non-conformity with respect to, the w ar r anti es provided by I ridex in S e ction 9.1.

1.8 “Dist r i bu te” m eans to s ell, dist ribute, marke t, promote, solicit orders f o r, import and otherwise commercialize, and provide servi ces in connection with the foregoing w ith respect to, the P roduc ts. “Dist r ibu te d”, “Di s t r i bu ti n g” and “Dist r i bu t i o n” have c o rre l ative meanings.

1.9 “E xisti n g D i s tr i bu t or Ag ree m e n t s” me ans the dist ributor agree m ents between Iridex and its e xisting dist ributors in effect as of the Ef fective Da t e.

1.10 “I r id e x P A S C A L” mea ns any PASCAL designed and manufactur ed under the name of Ir idex.

1.11 “M A A” means a 510(k) application fil ed with the FDA as more fully def ined in 21 C.F.R. S e ction 807.81 et. seq., or similar appli cation or submission f iled w ith or

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submitted to any R egulatory Agency (su ch as a CE mark certification in Europe) to obtain per mission to comm ence marketing and sales of P roducts in the Territory.

1.12 “M AA A pp r oval” me ans, with respe ct to a country or r egulatory jurisdiction within the Territory for a particular P r oduct, approval of the MAA filed in such count ry or regulatory jurisdi ction by the R egula tory Agency therein. For c l arity, MAA Approval shall also include all such approved MAA for Product in the Territory h eld by or under author ity of I rid ex prior to the Eff e ctive Da t e.

1.13 “No n c o n f o r m i n g P r o du c t” m eans any produ c ts r eceived by Top con or its Aff ili ates f rom Ir idex under an O rder that (a) is not a P roduct; (b) does not conform to the m ake or model number list ed in the applic able Orde r; or (c) on visual inspection, Topcon or its Affili a t es reasonably d e t ermines are otherwise D ef e ctive.

1.14 “O r d er” means Top con’s then-cur rent st and ard f o rm purcha se or d er, whi ch contains a writt en de s cription of the P roducts that Topcon desi res to pur chase that conforms to the requi rements of this Agr eement and is sent to I r i d ex by mail, email or simil ar means.

1.15 “P A S C A L” me ans any produc t, inc luding Iridex PASCAL and/or TMLS PASCAL, m anufac tured as laser the rapy solutions under or including the n ame “PASCAL”.

1.16 “P e r so n” means an individual, sole proprietorship, partnership, limited par tnership, limited liability partnership, corpor a tion, limited liabil ity company, business trust, joint stock company, trust, incorpora t ed assoc i ation, joint venture or any other form of entity or organi zation, including a government or political subdivision, department or agency of a governm ent.

1.17 “P r o du ct s” me ans the Iridex products set fo rth on E x hib it A and any Successor P roducts. For the avoidance of doubt, “P roducts” (i) shall not include TMLS PAS CAL, and (ii) shall inc lude I rid ex PASCAL.

1.18 “R e g u la t o r y A g e n c i e s” means, with respe ct to a p arti cular country or oth er regul atory jurisdi c tion, the r egulatory agency, departm ent, bur eau or other governm ental entity involved in regulating any aspect of the conduc t, deve lopment, manuf a c ture, mar k et approval, sale, Distribution, packa ging or use of the P roducts, inc luding without limitation the FDA and any foreign equiva l ent there of in the Terr itory.

1.19“Subd ist r i b u t o r” m eans a Third P arty subdist ributor or dea l er to whom

Topcon or its Affili ate has granted the r ight to Dist ribute P roducts under Se ction 2.2.

1.20 “Su cce s s or P r o du ct s” means any ophtha lmic laser produ cts that are introduced by Iridex dur ing the Te rm that p rovide the same fund a m ental f unctionality or purpose as a P roduct set f o rth on Exhibit A, whe ther as su ccessor to such P rodu ct or otherwise.

1.21 “T er m Y e a r” m eans e a ch one (1) ye ar pe riod c ommenc ing from the first day of the c a l endar month immediately after the E ffective Date.

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1.22“T err it o r y” me ans the countr i es and regions set forth on E x h i b it B.

1.23 “Th i r d Pa rt y” means any P erson other than Iridex, Topcon or the ir respective Affiliates.

1.24 “T M L S P A S CA L” me ans any P A SCAL designed and m anufac t u red under the name of TMLS.

1.25 I nt e r p re t a t ion. The c aptions and headings to this Agreement are f or conveni ence only, and a re to be of no for ce or eff e ct in const ruing or interpreting any of the provisions of this Agr e ement. Unless spec i f i ed to the cont rary, r e fe r enc es to Articles, S ections or Exhibits mean the p ar tic ular Ar tic l es, S ections or Exhibits to this Agreement and re f ere n ces to this Agreement include all Exhibits hereto. Unless c ontext otherw ise clearly r equires, whenever used in this Agree m ent: (a) the words “include” or “including” shall be construed as inco rporating, also, “but not limited to” or “without limitation”; (b) the word “will” shall be const rued in the impe r ative having the same m eaning as the word “sh all”; (c) the word “d ay” or “ye ar” means a c alendar d ay or year; (d) the word “noti ce” requir es notice in writing (whether or not specifica lly st ated) and shall include notices, consents, approvals and other writt en communications contemplated under this Agreement; (e) the words “he reof,” “h erein,” “he reby” and de rivative or similar words re f er to this Agreement (including any Exhibits); (f) the word “or” shall be const rued as the inclusive meaning identi fied with the phrase “and/or”; (g) p rovisions that require that a P arty or the P ar ties “agr e e,” “cons ent” or “a pprove” or the like sha ll r equire that such agr ee m e nt, consent or approv al be specif ic and in writing, whether by writt en a g reement, letter or ot h er wise; (h) words of any gender in clude the other gender; (i) wo rds using the singul ar or plural number also in clude the plural or singular numbe r, resp ectively; (j) r e fe r ences to any sp ec i f ic law, rule or r egula tion, or ar tic l e, se ction or other d ivision thereof, shall be d eemed to include the then-cur r ent a m endments thereto or any repla cement l aw, rule or regula tion thereof; and (k) ne ither P arty nor its Affiliates shall be deemed to be ac ting “on behalf of” or “under authority of” the other P arty hereunder.

ARTICLE 2

APPOINT M E NT AND ACC EPTANCE

2.1G ra nt of Dis t r ibu t ion R ights.

2.1.1 Subject to the terms of this Agreement, Iridex hereby grants Topcon and its Affiliates, and Topcon hereby a c cepts fr om I r idex on behalf of itself and its Affiliates, an appointment and right to Dist ribute the Products to Customers in the Terr itory (such r ights granted under this Agr e ement, the “E x c l u s i ve Dist r i bu t ion Rig h ts”). Such appointment and r ight shall, subj ect to the t erms and conditions of this Agr e ement, be on an exclusive b asis with resp ect to all P roducts in all countries and regions throughout the Te rritory; provided, however, that such appointment and right (a) in the Unit ed Kingdom expressly exc ludes the right to Dist ribute any of Iridex’s glaucoma P roducts set forth on E x h i b it C; and (b) shall not apply to Dist ribution for study purposes in the United Kingdom and I reland at those sites whe re the diabetic m acular oedema and diode subthreshold micropulse laser (D IAMOND) study is being conducted by I ridex as of the Effective Da t e, but only to the extent as s et for th on E x h i bi t D; provided, further, that E x h i b it D shall include Iridex’s b est estimate of (x) the quantity of P roducts to be sold at each such

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DI A M O ND s t udy s i te and (y) t he t i m e re quir e d t o c omp l e te the s a le of s u c h P r odu c ts. F or t he a void a n c e o f doubt, Topc on sh a ll h a ve e x c lusive r ights w i th re sp ec t to Di s t r ibut i on of a ny re t i na P r odu c ts to C ustom er s in the Terr ito r y t h a t a re not f or DIAMO N D s t udy pu r poses, re g ar d l e ss of wh e th e r su c h s t udy s it e s ar e list e d on E x h i bi t D or not.

2.1.2 Notwithst anding the foregoing or anything to the contrary he r ein, (i) Iridex confirms to Topcon that it has, as of the Effective Date, ente red into the Existing Dist r ibutor Agreements gr anting Third P arties non-exclusive Distribution rights with r espect to the P roducts in cer t ain countries or regions in the Te rritory, and (ii) in reliance of the fo regoing, and provided that I ridex shall make available to Top con pr omptly af t er the Ef fective Da te a complete and accur ate copy of the Existing Distributor Agreement with its existing distributor in Japan, Topcon conf i r ms that the exist e n ce of su ch Existing Distributor Agree m ents as of the Ef f ec tive D ate does not constitute a bre a ch of this Agreement.

2.1.3 For c l arity, Topcon, its Affiliates and existing Subdist ributors sha ll be entitled to Distribute TMLS PASCAL owned or Cont roll ed, as inventory or for the purpose of exhibition or demonstra tion, by Topcon, its Affil i a t es or Subdist r ibutors as of the Effec tive D ate, within or outside the Te r ritory, at any point of time, including pr ior to the Exclusive D ist ribution Rights Start Date (as def ined below) (the “E xis t i n g T M L S I n v e n t o r y”).

2.2 S ubdist r i buto r s. Topcon and its Affilia t es m ay appoint Subdist ributors to make sales of P roducts within the Terr itory, in each ca se as Topcon or its Affiliates determines appropriate for the e ffe ctive Dist ribution of the Products under this Agr eement, provided that Topcon noti fies I ridex in writing of the name and address of each appo inted Subdist ributor in advance of such appointment.

2.3No Dis t r ibution Outs i de T err i to r y.

2.3.1 Notwithst anding the rights granted to Topcon a nd its Affilia t es to Distribute the P roducts in S ection 2.1 above, to the extent in a c corda n ce w ith Applicable L aw, Topcon shall not, and shall use its commercia l ly reason able eff orts to c ause its Af fili ates and Subdistr ibutor not to:

(a) Dis t ribu t e any Products ou t s i de the Terri tory or actively appro ach individual custo mers fo r the Product s outs i de t he Terri t ory including, but not limi ted to, by d irect mail or vis i ts, or est a blish warehouses or dis tribut i on out lets ou t s ide the T e rritory for the so l e purpose of Dis t ribu t ing the Product s, nor shall i t authorize any Third Party to Dis t ribu t e P roducts outs i de the Territory un less agreed in wri t ing by t he Parties. For clari t y, nothing herei n shal l res trict Topcon and its Affi l iates and S ubdis tri b utors from actively approaching any cus t omers for, or Di s tribu t ing to s uch cus t omers, any pr o duct s other t han t he Products i n any country or reg i on;

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(b) Dis t ribu t e any Product to any Party if Top c on knows that such Dis t ribu t ion wi l l resu l t in t he Dis tribu t ion of any Product outside of the Territory, unless agreed i n wri t ing by the Part ies.

2.3.2 To the extent in a c cordance with Applicable Law, and subj ect to limita tions as expressly provided in S ections 2.1.1 and 2.5.3, Iridex shall not, and shall use its commercially r easonable efforts to cause its Affiliates and Subdist ributors not to allow any Pe rson other than Topcon or its Affilia t es and/or d esignated Subdist ributors to:

(a) Dis t ribu t e any Prod ucts ins i de the Territory o r actively approach individual cus t omers for the Product s i ns i de t he T erri t ory including, but not limi ted t o, by direct mail or vis it s, or es tabl i sh warehouses or dis tribut i on out lets ou t s ide the T e rritory for the so l e purpose of Dis t ribu t ing the Product s, nor shall i t authorize any Third Party to dis tribute or i mport Product s inside the T erritory unless agreed in writing by the Parties; or

(b) Dis t ribu t e any Product t o any Person if Iri dex knows that such Dis t ribu t ion will resu l t i n t he Distribution of any Product ins i de t h e Territory, unless agreed i n wri t ing by the Part ies i n advan ce.

2.4 No C on f l i c t s. Promptly after the E ff e ctive D ate, the P arti es shall discuss in good fa ith and use their commercially reason able efforts to agr ee on or b e fore Mar ch 31, 2021 on a list and/or a reasonably detailed description of p roducts that are comp etitive w ith the P roduc ts as of the Ef f ective Da te (such products, the “Co m p et i n g P r o du ct s”). Top con agr e es that, during the Term and to the exte nt permitted under Applic able Law, it will not, and will cause its A ffili a t es not to, Distr ibute any Competing P roduc ts in the Te rritory exc ept as agr e ed in writing by I ridex in advanc e, and will use its commercially reasonable efforts to promptly notify I rid ex in wr iting in the event that, to Topcon’s knowledge, a Subdistr ibutor is Distributing any Competing P roduct in any country or r egion in the Territory. If Topcon or any of its Aff iliates Distribut es products in any count ry or region in the Te rritory th at constitute Competing P roducts, I ridex shall ha ve the option, exercisable upon delivery of thi rty (30) da ys’ prior written notice to Topcon (unless Topcon ceases or causes to c e a se such Dist ribution, and provides competent wr i tten evidence of such cess ation, within such thi rty (30) d ay pe riod), to convert the appointment in S ec tion 2.1 above in such count ry or region to a non-e x clusive a rrangement or to ter mina te the appointment in S ection

2.1 above in such country or region; provided that if I ridex elects to terminate Topcon’s appointment in any country or region in accor d ance with this S ection 2.4, I rid ex will promptly make a payment to Topcon for an amount equal to (i) the gross sales earned by I ridex for supply of such P roducts under this Agree m ent in the four (4) conse cutive c alendar qua rter pe riod immediately preceding the date of such w ritten notice, multiplied by (ii) 1.2, multiplied by (iii) the number of ca l endar months re m aining in the Te rm as of the termination ef f e ctive date, and divided by (iv) 120; provided that the fee will be calcul ated on region-by-region basis and payable within forty-five (45) days from the delivery of written notice by I ridex to that effect; provided, further, that the foregoing shall be the exclusive re m edi es of I ridex with respe ct to any and all claims ar ising in connection with Topcon’s or its Affili a t es’ Dist ribution of Competing P roducts under this S ection 2.4, except with respect to any cla ims ar ising in connection with any f r aud, gross

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negligence, willful misconduct or known viola tion of Applic able L aw by Topcon or its Affiliates. If either P arty b ecomes a ware that any Subdist ributor is Dist ributing any P roduc ts in any country or region in the Te rritory that constitute Competing P roducts, the P ar ty shall inform the other P arty, and the P arti es will discuss the ma tter in good faith.

2.5 Existing Dist r i butor A g r e e m e nts. Iridex con fir ms to Topcon that, as of t he Effective Date, (i) I ridex is a party to the Existing Distributor Agreements, pu rsuant to whi ch I r idex has granted Third P arties rights to Dist ribute c e r tain Products in cer t ain c ount ries in the Te rritory and (ii) e a ch of the Existing Dist ributor Agreeme nt is in full force and e ff e ct.

2.5.1 Iridex shall, from and a fter the Ef f ective D ate for the applicable per iods as set for th in this S ec tion 2.5, use its c ommercially reason able e fforts to (a) promptly negotiate and enter into a written termination of each Existing Distr ibutor Agr e ement (and/or to eff e ctuate a tr ansfer of any license or author i za tion necess ary to Dist ribute P roducts held by such Third P arties) so as to effec tuate the exclusive appointm ent and right granted in S ection 2.1 prior to the Exclusive D ist ribution Rights Start Date (e ach such te rmination, the “T er min a t io n”), (b) provide a copy of e a ch such Termination upon e x ecution to Topcon for its records, and (c) sol ely to the extent per mitted under Appli cable Laws, obtain, from the existing dist ributor under e a ch Existing Dist r ibutor Agree m ent, r elevant custom er information (in cluding a list of customers containing e a ch custom e r’s name, addr ess and other r elevant infor m ation) for the P rodu cts and all other information reason ably requested by Topc on to ensure smooth and appropriate transition of the dist ribution channel and/or the existing business and op erations, and pr ovide such inf o rmation to Topcon upon its reasonable requ est. Notwithst anding anything to the contrary he rein, Ir idex shall not be deemed to have ef f ectuated the e xclusive appointment and right pursuant to th is S ection 2.5.1(a) above until such time that the relevant MAA Approv al has been obta ined in the re l evant T erritory.

2.5.2 Iridex shall keep Topcon infor m ed of its st a tus of negotiation w ith each counte rparty to an Existing Dist ributor Agreement on a regular ba sis and respond to any reasonable inquiry by Topcon rega rding such st a tus.

2.5.3 Without lim iting any of the foregoing, if I rid ex fa ils to (x) enter into such Ter mina tion bef ore the Exclusive Dist ribution Rights Start Date with respect to any Existing Distributor Agreement or (y) obtain and submit su ch custom er inf o r m ation, in each case pu rsuant to S ec tion 2.5.1, Iridex shall promptly inform Top con in writing, su ch writ ing to include n ames of the applicable count er p ar ty(ies) and Existing Dist ributor Agreement(s) and the st atus of negotiation or obtaining of customer infor m ation, and the P arti es shall dis cuss and agree on the next course of a ction with respect to e a ch appli c able Existing Dist ributor Agree m ent; pro v i d e d, that, to the extent any Existing Dist ributor Agree m ent has not been t ermina t ed in a c corda n ce with S ection 2.5.1 above pr ior to the Exclusive D ist ribution Rights St art Date, Iridex shall continue to use its commerc i ally r e asonable eff o rts to (A) enter into such termination and (B) obta in and submit such customer infor m ation, in each case pursuant to S ection 2.5.1, until (i) the date that is nine (9) months af t er the Exclusive Dist ribution Rights Start Date, at which time the P ar ties shall discuss the next course of action and take such actions as described in S ection 4.1 or (ii) such earlier time that Topcon agrees in writing to w aive the r equire m ents und er this S ection 2.5 with respect to the applicable Existing D ist ributor Agreement; provided, that (i) shall not apply to any

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Delay beyond nine (9) months due to failure to obt ain the r elevant MAA Approval in the T erritory in question (which, for the avoida n ce of doubt, shall not excuse Iridex f rom its obligations to continue to use its com m ercially r easonable e f forts to enter into su ch t ermination under this S ection 2.5.3). For clar i ty, I r idex may continue to sell P roducts (inc luding, subj ect to S ection 2.5.5 and the MSA, TMLS PASCAL) to Third P arti es under any Existing Dist ributor Agree m ents until such time that the exclusive appointment and right granted in S ection 2.1 has been eff e ctuated with respect to the applic able country or region, sol ely to the extent su ch sa l es a re pe rmitted under the re l evant Existing D ist ributor Agree m ent.

2.5.4[Intentiona lly left bl ank].

2.5.5 Subject to the MSA and S ection 2.5.3, and to the extent permitted under Applicable Law, I ridex has the right to D ist ribute TMLS P A SC AL to Third P arties outsi de the Territory, and Top c on hereby a g rees to use its commercially r e asonable efforts to make any appointments and grant any rights, to the extent such appointm ents and rights are (i) readily ava ilable and pr a ctically possible for Topcon to grant to I ridex and (ii) n ecessa ry for I ridex to exercise its right to Dist ribute TMLS P A SCAL pursuant to the above; pr ovided, that Iridex shall not, directly or indi rectly, se ll any TMLS PASC AL to Third P arties in the Territory (other than, for clarity, through Topcon and its Aff iliates in accordance with this Agreement). Nothing in t h is Agreement sh all limit Topcon’s rights to continue to Distribute TMLS’s products after the Closing pursuant to S ection 8.14 of the APA. Upon obta ining the relev ant MAA Approval in a country in accor d ance with S ection 6.1 and the MSA, Iridex shall use its comm e r c i ally reason able efforts to promptly transition m anufacture and supply, and Topcon sha ll use its co mmercially r e asonable efforts to promptly t ransition Dist ribution, from TMLS PAS CAL to I ridex PASCAL, in each case in acc orda n ce w ith the ter ms of this Agr e ement and the MSA. Ea ch P arty shall reason ably coopera te with the other P ar ty in connection the r ewith.

ARTICLE 3

PRODUCT SUPP LY; DIST RIBUTION

3.1S upply a nd Dis t r ibut i on.

3.1.1 Subject to the terms and conditions of this Agre ement, Ir idex sh all use comme r cia lly r easonable e fforts to make avail able, m anuf a cture and supply (or h ave manufactur ed and supplied) the P roducts to Topcon and its Affili ates and Subdistr ibutors in each Territory.

3.1.2 Subject to S ec tions 2.1 and 2.5, during the Ter m, I r idex shall not, directly or indire ctly, supply P roducts to any Thi rd P arty for Dist ribution in the Te r ritory other than through Topcon and its Affiliates and Subdistributors pursuant to this Agreement.

3.1.3 Iridex shall, at Topcon’s reasonable request, provide Topcon with a written repo rt summar i zing I ride x’s plans for development and commercializa tion of its ophthalmology l aser products, including upda t es and improve m ents, and su ccessor to the P roducts to be developed, comme r cialized, mar k eted, laun ched or othe rwise D ist ributed within the one-ye ar per iod following such date, and any other infor m ation reasonably requ est ed by Topcon, and upon

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provision of such r eport, respond to any reason able inquiries from Top con with respe ct to matte rs described in such report, upon Topcon’s requ est.

3.2F o r e ca s t s.

3.2.1 At l east forty five (45) days prior to the st art of e a ch calend ar qua rter (“Q 1”), Top con shall provide Iridex with its reasonable for e cast, in a mutually agreed for m, of the quantities of each P roduct estima t ed to be required in each region in the Te rritory during Q1 and for e ach of the following one (1) calend ar qu arter (the “F o r e c ast”); provid ed that the P arties will discuss in good faith and agree to the for e cast for the six (6) month period commencing on the first full calendar month following the Ef f ective Da t e. Topcon shall use c ommercially r e asonable efforts to ensu re that its Forecasts are good faith e stimates of Topcon’s de m ands for e ach calend ar quar t er whi ch approximat es, as nearly as reasonably forese e able, ba s ed on information available at the time to Topcon. Subject to S ec tion 3.2.2 and S ection 15.3 below, for each For e cast, unless otherw ise a g r e ed to by I ridex in writing Topcon shall use its comme r cially reason able e fforts to ensure th at the a mounts of Product for e cast ed by Topcon for Q1 shall not vary by gre ater than twenty-f ive pe r cent (25%) from the amounts of such P roduct forecast ed (on an aggregate basis, based on such amounts f or all countries and regions in the Terr itory taken tog ether) for the ca l endar quar t er imm ediately following Q1 in the Forecast provided three (3) mont hs prior (whi ch shall be zero if there is no such Forecast). Topcon may, as it deems necess ary, ha ve its Affiliates provide the Fore c ast for the relevant country or region on behalf of Topcon, and I ridex shall di rectly communicate with each Affiliate of Topcon if so requested by Topcon. All Forecasts a re for information purposes only and shall not be binding on any P arty.

3.2.2 Subject to the third sentence in S e c tion 3.2.1 above, the P arti es acknowledge that the For ecasts are non-binding in nature, and Top con ma k es no re p resent a tion or war r anty as to the qu antity of P roducts that it w ill purchase, if any. For clarity, nothing shall prohibit Topcon from making or submitting additional orders (for purposes of special requests or bids) through Orders, c ontexts of which may devi ate from any For ecast.

3.3 O r d er s. Topcon sha ll pla ce an Or d er with I r idex in wr itten form, and Ir idex shall confirm to Topcon the re c eipt of e a ch such O rder issued he reunder (e a ch, a “Co n f i r m a t i o n”) within seven (7) Business Days following I ridex’s receipt the r eof by notice via email. Each Confirmation shall re f er ence Topcon’s Or d er number, con firm a c cepta n ce of the Or d er or advise Topcon of Iridex’s re j ec tion of such Order, the date of accepta n ce of re j ec tion, and the basis for re j ection, if applicabl e. If I ridex fa ils to issue a Con fir m ation within the time set forth in the second sentence in this S ection 3.3, Iridex will be d ee m ed to have ac c epted the Order. Topcon m ay withdraw any O rder p r ior to Iridex’s a c c eptance (or deemed ac c eptanc e) th ereof.

3.3.1 A cce p t a n ce, S usp e ns i on a nd C a n ce ll a tion. Subject to the terms and conditions of this Agr e ement, once ac c epted by Iridex by issuance of a Confirmation pursuant to S ection 3.3, Topcon may canc el or r eschedule Or d ers for P rodu cts only with Iridex’s p rior writt en approval. If any Or d er is terminated under th is Agree m ent, in a c cordance with Topcon’s reasonable written direction, I ridex sha ll c e ase work and purchasing m aterials relating to fulfil ling the Order as soon as pr a cticabl e.

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3.3.2 O r d e r T e r ms. Topcon m ay use its st andard purchase order f o rm to order P roducts. However, the terms and conditions of t his Agreement shall supersede any different, conflicting, or additional terms on Topcon’s Orders, and I ridex h ereby r eser v es the right to reject any terms in any Order that a re diffe r ent f rom, in confli ct with or in addition to the ter ms and conditions hereof. Without limita tion of anything contained in this Article 3, any additional, contrary, or dif fe r ent te rms contained in any Conf i rmation, invoices, or other communications, and any other attempt by Ir idex to modi fy, supersede, suppl ement, or otherwise alter this Agreement, are de emed r ejected by Topcon and will not mod i fy this Agreement or be binding on the P arti es unless such terms have be en fully approved in a signed writing by authorized repre s ent atives of both P arties.

3.4S hipp i ng, P ac king a nd D e liv er y; Ti t le a nd R isk of Loss.

3.4.1 Iridex shall use comme r cially reasonable e f forts to ass e mble, pa ck, mark, and ship the P roducts in the quantities, by the methods, to the delivery locations (the “D e l i v er y L o c a t io n”) a nd by the delivery d a t es set forth in the applicable a ccepted Order (subje ct to mutua lly agreed lead times, if any). All Produc ts de livered pursu ant to this Agreement shall be suitably packed for shi p m ent in I ridex’s st andard shipping cartons (with e ach P roduct wrapp ed in double packing and f ixed with foamed pa ckaging), marked f or shipment, a nd delivered Ex Works (Incoterms 2020) Iridex’s or its designe e’s f acility. At Topcon’s r easonable requ est and expens e, Iridex shall provide Topcon, its Aff iliates or Subdist r ibutors, as applicable, with all docum ents reasonably a v ail able to Iridex to the ext ent necess ary for custom cleara n ce and export, inc luding fumigation certi ficate a nd certi f i cation of origin; provided, that in the event that I ridex incurs any fees in connection with p rovision of such documents necess ary for custom cleara n ce and export, Iridex sh all promptly submit a writt en invoice to Topcon f or r eimburse m ent of su ch exp enses, and Topcon shall reimburse Iridex for such f ees to the extent r easonable a nd document ed without undue delay. Unl ess othe rw ise expr essly agr e ed to by the P arties in writing, Iridex may not make par ti al shipments of the P roducts to Topcon.

3.4.2 Iridex shall provide Topcon with shipment docum entation showing the Order number, I ride x’s identification number for the subj ect P roducts, the quantity of pieces in shipment, the number of c a r tons or conta ine rs in shipment, I ride x’s name, the bill of lading number, and the count ry of origin.

3.4.3 Title and r isk of loss to the P roducts shipped under any Or d er shall pass to Topcon upon re c eipt and ac c eptance by Topcon or its designee at the Delivery Loc ation. Unless otherwise inst ructed in writing by Topcon, Topcon shall select the carr i er. All freight, insurance and other shi pping expenses shall be paid by Topcon.

3.4.4 Iridex will promptly notify Topcon in w riting in the event that Ir idex is unable or anti cipa t es that it will be unable to de liver compliant P roducts in acc o rdance with the requi rements of this Agr ee m ent in the qu antities and w ithin the Delivery Time P eriod (as d ef ined below) (a “Fai lu r e t o Supp ly”).

3.4.5 In the e v ent of a Failure to Supply, in addition to any other rights and remedies avail able to Topcon, Topcon may t ake any me asures available to it to mitigate any

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of its resulting loss es dur ing the per iod a ff e c t ed by such Failure to Supply. Topcon shall also ha ve the right to ca n cel O rders for any quantities of Product af f ected by such F ailure to Supply e f fective upon notice to I ridex, and Topcon shall ha ve no further obligations to purchase any such ca n cell ed quantities of Product.

3.4.6 Iridex shall use comme r cially reasonable e f forts to make delive ries of P roduct(s) to the delivery destination(s) spec i f i ed by Topcon no more than fifteen (15) days af t er the d elivery da t es specified by Top con in the rele v ant Order (the “D e liv er y T i m e P er io d”).

3.5A cce p t a n c e a nd R e j ec t i o n of t he P r odu c t.

3.5.1 P r odu c t T e sting a nd I n s p ec tions. All P roduc ts supplied by I r idex shall meet the P rodu ct sp ecifications as provided in the Or d er or as sepa ra tely agr e ed in writing by Topcon (“P r o du c t Sp ec i f i c a t io n s”) and sha ll be m anufac tur ed, stored and handl ed in accordance with Applicable Law and the Quality and R egulatory Agree m ent (as defined below). P rior to each shipment of P roduct hereunder, I rid ex shall per form quality control procedures to ensure that P roducts to be shipped conform with the applica ble Product Spec i fications.

3.5.2 R e je c t ion of Non-C on f o r ming Goods. Topcon or its designee sha ll have a p eriod of thi rty (30) days (the “A cce p t a n c e P er io d”) from the d ate of d elivery of e a ch shipment of P roducts to inspect such shipment of P roducts to de t ermine wh e ther (a) such shipment conforms to the amounts and mode ls under the applicable Or d er and (b) there is any app arent irregul arities with r espect to the car tons. For clarity, the inspection rights under this S ec tion 3.5.2 is limited to visual inspection, and Topcon or its designee is not required to open the cartons or inspect whether e ach shipment confor ms w ith the wa rranties giv en by Ir idex in S ection 9.1. During the Ac cepta n ce P eriod, if Topcon or its designee dete rmines, in its sole discretion, that a P roduct is a Nonconforming P roduct, or the de live red Products exc e ed the amount of P roducts as request ed for in the appl i cable O rder (“E x ce ss P r o du ct s”), it shall notify Iridex, and Ir idex m ay, at its opt ion, upon reasonable pr ior notice to and in consultation w ith Topcon (including w ith respect to any cha rges b elow for which Top con m ay seek reimbursement f rom I rid ex), (x) if such P roducts are Non conforming Products, either (i) ac c ept return of the Nonconforming P roducts for a re fund plus any r e asonable inspection, test, shipping, handling and t ransportation c h arges ac tually paid by Top con in accor d ance with this Agreement, (ii) promptly corr e ct or r epla ce such P roducts, or (y) Topcon may, at its option, if such Products a re Exc ess Products, (1) r eturn such Excess Products for a refund, plus any r eason able inspection, test, shipping, handling and transport ation char g es a ctually paid by Topcon in accor d ance with this Agreement, or (2) r etain such P roducts. In e ach c ase the exe rcise by Topcon of any other rights a v a ilable to Topcon or its Aff ili ates under this Agr eement or pursuant to Appli cable Law shall not be limited. Any failure to notify I ridex of the non-conformity within such thirty (30) d ay pe riod specified above will be dee m ed for purposes of this Agree m ent to constitute acceptance of such shipment; p ro v id e d, ho w eve r, that such a cc eptance shall be subj e ct to the right to re j ect Product for latent De fects discovered by Top con or its designee pursuant to S ection 3.5.3 below.

3.5.3 R e je c t ion of L a t e nt D e f e c ts. Without limit ing any of the foregoing, Topcon or its designee shall have the right to r eje ct and demand repla ce ment of the P roducts that were discove r ed to b e, or become, De fective within sixty (60) d ays from the da te of inst all ation of

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the rele v ant P roduct at the Customer’s designated location prior to the expir ation of the applic able shelf-li fe ther e for, consist ent with I ridex’s product warranties in eff e ct from time to time consist ently appli ed, whi ch wa rranti es sh all not be mater i ally diff e rent f rom the product w ar r anties in eff e ct as of the Ef fective Da t e; pro v id e d, th at I ridex hereby repr esents and war r ants to Topcon that, to I ridex’s knowle dge as of the E ff e c tive D ate, the w ar r anties offe r ed to customers by Ir idex or its applicable distributors with respect to the Products are as of the Ef f ective Date, and have been, consistent in all m a t erial resp ects with Applicable Laws in each country or region in the Territory; pro v i d e d, fur t h e r, that Top con or its designee sh all have the further right to reje c t, at any time prior to expira tion of the she l f-life of the r ele v ant P roduct, such quantities of P roduct a c cept ed pursuant to S ection 3.5.2 above on the grounds that such Products fail to conform to the applicable P roduct Spec i f i cations or otherwise f ails to conform to the warranties giv en by Iridex in S ection

9.1 by providing no tice thereof to I ridex within fifteen (15) days of discove ry; in each case, to the extent such non-con for m ance could not have r ea sonably been de t ermined by a visual inspection.

3.5.4 Dispu t e s R e g ar ding C on f o r m a n c e to S p ec i f i ca ti o ns. If Iridex does not agr ee with Topcon or its designee’s d e t ermina tion that a P roduct is a Nonconfor ming P roduct, Iridex shall respond in writing to a rejection notice from Topcon or its desi gnee within fifteen (15) days from the da te of r e c eipt of such re j ection not i ce, and then Ir idex and Topcon shall discuss in good fa ith and each use its commercially reasonable eff o rts to resolve such disagree m ent as promptly as possible. Without limiting the foregoing, Ir idex and Topcon sha ll discuss in good fa ith mutually acceptable testing procedures pursu ant to whi ch both I ridex and Topcon will re-test a sa mple of the disput ed P roduct to determine whether such P roduct complies with the warranti es set forth in Se ction 9.1, at the P arties’ sha r ed cost (i.e., 50/50); provided, th at if, as a result of such re-test, such P roduct was deter mined (a) to be a Nonconforming P roduct, Iridex shall be ar the full amount of such re-t est, or (b) not to be a Nonconforming P roduc t, Top con sha ll be ar the full amount of such r e-test. Not w ithst anding the for egoing, in the event Iridex and Topcon are unable to resolve su ch disagr e ement within sixty (60) days of the d ate of the applicable r ejection notic e, either P arty m ay submit a sample of the a lle g edly non-conf o rming P roduct for tests and a determination as to whe ther or not such P roduct confor ms to the wa r ranti es given by Iridex in S ection 9.1 to an indepe ndent testing organization, or to a consultant of re cognized repute within the United States or Japanese medic al devi ce indust ry, in either case a g reed in writing by the P arties, such agr eement not to be unr easonably withheld or dela y ed by either P arty. The determination of su ch organization or consultant with respect to all or p a rt of any shipment of P roduct shall be final a nd binding upon the P arties. The f ees and expens es of such or g ani zation or consultant making such deter mina tion shall be borne by the P arty in e r ror.

3.5.5 R e turn a nd R e pl ace m e nt of Non-C onfo r ming Goods. In the event of a final d e t ermination that delivered P rodu ct is a Nonconfor ming P roduct, such P roduct shall be re turned to Iridex or d estroyed, as agr e ed by the P arties, and I rid ex will, at Topcon’s discr etion, repl a ce such P roduct or canc el the Order for such non-conforming P rodu cts. If Top con di rects Iridex to repl ace su ch non-conforming P roducts, then I ridex sh all promptly repl a ce all such non- conforming quantities of P roduct at I r idex’s cost.

3.5.6 Existing TMLS I nv e nto r y. For clarity, this S ec tion 3.5 shall not apply to any Existing TMLS Inventory.

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3.6 I n v e n t o r y. I r idex sh all use comm erc i ally r easonable eff orts to maintain suffic i ent Product inventory to pe r mit it to f ill Top con’s O rders as request ed herein. If any P roduct is known by I ridex to be subj ect to limited availability at any time that would reasonably be expected to c ause I r idex not to fulfill any pending Orders for such P rodu ct, then I ridex shall noti fy Topcon bef ore filling a ny Order for su ch Produc t, and Topcon h as the right, in its sole discretion and without li ability or p enalty, to cancel any existing Order for such P roduct. Topcon shall use commercially r easonable efforts to ma inta in an adequate inv entory of all P roducts to satisfy commercially r easonable demand for such Produ c ts throughout the Te r r itory so as to avoid any backorder to a Customer.

3.7 Qu a li t y a nd R e gul a tory A g ree m e nt. P romptly after the Effective D ate, but not later than by Ma r ch 31, 2021, the P arties shall negotiate in good f aith a nd enter into a mutually ac c ept able qu ality and regulatory a g ree m ent (“Q u a l i t y a n d R e g u la t o r y Ag r ee m e n t”) in accor d ance w ith Topcon’s and Ir idex st andard op erating procedu res and in conformity w ith any R egulatory Agency requirements and Applicable Law. The Qua lity and R egula tory Agree m ent shall provide for the roles and responsibilities of the P arti es and other rea sonable details relating to the quality assur ance and regulatory matters s et forth in Artic le 6 h ere o f. To the ext ent that a ny inconsist encies or confli cts exist between (i) any t erm of the Qua lity and R egulatory Agreement and (ii) any term of this Agreement, the qua l ity provisions in the Qu ality and R egulatory Agreement sh a ll prevail.

ARTICLE 4

CONSIDERATION

4.1Ex c lus i ve Dis t r ibution Fee.

4.1.1 In pa rtial consideration of the rights granted and obligations under t aken und er this Ag ree m ent (and under the other strategic t ransa ctions conte mpla t ed he r eby), Topcon w ill pay to Iridex a one-time exc lusive dist ribution fee in the a mount of [***] for the Exclusive Dist ribution Rights (the “Co n s id er a ti o n”); provided, that of the full Consideration amount, (i) [***] shall be payable on or around the Effective D ate or such other date as a g reed to by the P arties in writing and (ii) [***] sha ll be p ayable on April 1, 2021 or such oth er d ate as agreed to by the P arti es in writing (such date, the “E x c l u s i ve Dist r i bu t ion Rig h t s S t a r t Da t e”); provided, that with resp e ct to subs ection (ii), such amount shall be paid only if, as of the Exclusive Distribution Rights Start Date, Iridex has (A) begun the proc ess of tr ansferring to Top con the Exclusive Distribution Right in Japan, which p r o cess sha ll be evidenc ed by a copy of a writt en notice or letter s ent by Ir idex to the existing dist ributor in Japan under which I ridex has exe r c ised its r ight of t er mina tion or non-re n ewal in a ccor d ance with the terms of the applicable Existing Distributor Agr e ement and (B) used its commercially r e asonable e f for ts to obtain a written acknowledg e m ent by such existing distributor to assign and transf er a ll suppor ting documents in such existing dist ributor’s poss ession that are n e c ess ary f or Topcon to ef f ectuate the transf er of exc lusive distribution rights to Topcon in Japan. Not w ithst anding anything to the contrary herein, in the event that I r idex is not able to convey, or has not conveyed, to Topcon the Exclusive Distribution Right with respect to any P roduct in Japan or any other country or region in the Territory within nine (9) months of the Effective Date in accor d ance with this Agree m ent for any reason (any such d e l ay, a “D e l ay”), including due to delays in negotiating the Termination, Ir idex

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shall promptly notify Top con, and Topcon shall have the right to d eter mine whether to (a) exclude such country or region from the Te rritory, or (b) continue negotia tion for the Ter mina tion to the Existing D ist ributor Agreement in question, and Iridex sha ll coope ra te with Topcon with resp ect to, and use comm e rcially r e asonable e f for ts to take all n ecess ary actions to ef f ectua t e, any such reasonable dete rminations made by Top con; provided tha t, e x cept as expr e ssly provided in S ection

4.1.2 or 4.1.3 b elow, the foregoing shall be the e x clusive remedi es of Topcon with respe ct to any and all claims arising in connec tion with a D elay under this S ection 4.1.1, except with resp ect to any claims arising in connec tion with any fr aud, gross negligenc e, will ful misconduct or known violation of Appli cable L aw by I ridex or its Affilia t es.

4.1.2 If Top con de t er mines to exclude the r elevant country or region in accor d ance w ith S ection 4.1.1, I r i d ex shall promptly pay to Topcon an exclusivity termination fee in connection with such count ry or region within thirty (30) d ays f rom the date on whi ch Top con makes such d etermination, such e x clusivity ter mina tion fee to be ca l cula ted [***] (such amount, the “E x c lu s i vi t y T er m i n a t ion F ee”). [***].

4.1.3 If, af t er the te rmination of the Existing Dist ribution Agree m ent in any country or region in the Te rritory but du ring the Term applicable to su ch country or region, Iridex grants any right to Dist ribute any P roduct in such country or r egion to any P erson other than Topcon, Topcon sh all have the right to e x clude the rele v ant count ry or r egion in acc o rdance with S ection 4.1.1, in whi ch event I ridex sh all promptly pay to Topcon the Exclusivity Termination Fee, amount of which shall be prorated by the ratio of (i) the number of d ays rema ining in the Term as of the termination da te aga inst (ii) the number of days in the entire Term of ten (10) ye ars, in accor d ance w ith the c alcula tion and payment procedur es set forth in S ection 4.1.2; pro v id e d, that this S ection 4.1.3 sh all not apply to I ridex’s grant of any r ights to Distribute the P roducts to any P erson follow ing i ts exercise of option to convert the appointment of Topcon to a non- exc lusive a r range m ent or to terminate Topcon’s appointment as the exclusive dist ributor in any country or region in the Te rritory pursu ant to S e ction 2.4.

4.1.4 If Topcon d etermines to continue negotiation for the termination of the Existing Distributor Agree m ent in question in accorda n ce with S ection 4.1.1, I ridex shall continue its negoti ations in accor d ance with (i) S ec tion 4.1.1 and (ii) r ea sonable inst ructions of Topcon; provided, that Topcon shall have the right to determine whe t h er to (a) exclude su ch country or region from the Territory, or (b) continue the negotiation; provided, that if the negotiation has not been concluded within six (6) months from the date on which Topcon makes such determination of wh ether to pr o ceed with (a) or (b) in acc o rda n ce with the foregoing s entenc e, such de l ay shall constitute a “Delay” as set forth in S ec tion 4.1.1, and S ections 4.1.1, 4.1.2 and

4.1.4 shall apply muta ti s mutandis (and the same appli es for every six (6)-month period there a fter); provided tha t, except as expressly provided in S ection 4.1.1 or 4.1.2 above, the foregoing shall be the exc lusive remedies of Topcon with r espe ct to any and all claims arisi ng in connection with a Delay under this S ection 4.1.3, except with respe ct to any cla ims arising in connection w ith any fraud, gross negligenc e, willful misconduct or known violation of Appli c able Law by I ridex or its Aff ili ates.

4.2T ra nsf e r P r i ce.

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4.2.1 As soon as practi cable, but in any event w ithin nin e ty (90) days after the Eff e c tive Date, the P arties shall discuss in good faith the transfer pr i ce for each P rodu ct under this Agreement, and agr ee to such trans fer price in writing (each a “T r a n s f e r P r i c e”); provided that, subj ect to S ection 4.2.3, the Transfer P r i ce for a P roduct may be amended or chang ed from time to time thereafter by Iridex upon not less than ninety (90) days’ prior written notice to Topcon. For cla r ity, a ll Transf er P rices a re in U.S. Dollars.

4.2.2 For clar ity, Top con shall have sole discretion to e stablish the prices and terms on whi ch Topcon sells the P roducts in the Territory.

4.2.3 Iridex shall ensure that the Transf er P rice c h ar g ed by I rid ex for e ach P roduct from and a fter the Eff e ctive Da te will be at l east as low as the pr i ce char g ed by I rid ex to its other dist ributors for such P roduct, considering a ll relevant f a ctors and cir cumst ances (including without limita tion the appli cable countries and qu antities).

4.3 I nvoi c e. I rid ex sha ll issue a monthly invoice to Topcon f or all P rodu cts ordered in the previous month. Ea ch invoice for the P roduc ts must set for th in reasonable detail the a mounts payable by Topcon under this Agr e ement and contain the follow ing information, as applicabl e: a re f ere n ce to this Agreement; Or d er number, a m endment number, and line-item number; I rid ex’s n ame; Iridex’s identific ation number; c a rrier na m e; shi p-to addr ess; we ight of shipment; quantity of P roduc ts shipped; number of car tons or containers in shipment; bill of lading number; country of origin, and any other information necess ary for identi fication and control of the P roduc ts. Topcon reserves the right to re turn and withhold payment for any invoi ces or rela t ed documents that a re ina c curate or incor r ectly submitted to Topcon. Top con shall noti fy I ridex of any dispute re g arding an invoice within ten (10) Business Days from Top con’s r eceipt of such invoice. The P arti es shall seek to resolve all such disput es expeditiously and in good faith. Notwithst anding anythi ng to the cont rary, I ridex shall continue performing its obligations under this Agree m ent during a ny such disput e.

4.4P erf o r m a n c e Metrics.

4.4.1 Iridex and Topcon h a ve agr e ed to certa in pe rformance metrics (“S al e s T a r g e t B as e l i n e”), inc luding minimum annual pur chases and sal es of both r etina a nd glaucoma P roducts by region, as set forth in E x h i bi t E; provided that such S ales Tar g et B aseline shall not apply to any de cline in such pur chases a nd sa l es to the extent attributable to I r i d ex (whi ch shall include, but shall not be limited to, issues concerning re j ection of O rders, product quality, Transfer P r ic es increa s e s, issues or conc erns rais ed by R egul atory Ag ency, and m anuf a cturing issues impacting Dist ribution of the P roducts) or any cause beyond the reasonable control of Topcon and its A f filiates, including the occur re n ce of any f o rce m ajeure e v ent in accor d ance with S ection 15.3; provided, further, that the P arties shall negotiate in good faith an appropria te adjustment to such S a l es Ta rget B a s eline(s) in the e v ent of such d ecline or oc cur r ence. Notwithst anding anything herein to the contrary, if (i) there is any changes to the initi al Transfer P rice w ith respect to any country or region in the Territory as discussed by the P arties pursuant to S ection 4.2.1 and/or (ii) there is a De l ay of mo re than nine (9) months af t er the Ef f ective Date in any country or r egion in the Territory, the S ales T arget B aseline in E x h i b i t E shall not apply to such country or region, and the P ar ties shall d iscuss and a m end the S ales Target B aseline

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applicab l e to t he T errito r y experiencing such chan ges i n Transf e r Price o r Delay i n good fai t h.

4.4.2 In the event that Topcon fa ils to meet any such S a l es Ta rget B aseline during any applicable Te rm Year beginning after the f i rst anniversary of the Eff e ctive Date with respect to retina or gl a u c o ma P roduc ts in any region and does not c ure su ch f ailure within the Te rm Year immedi a t ely ther e a ft er, I ridex sha ll have the right, in its sole discretion and upon delive ry of written noti ce to Top con, to t erminate Topcon’s a ppointment with respect to such P roducts in su ch region of the T erritory; provided that the for egoing (i) shall be subj ect to S ection 4.4.3 and (ii) shall be the exclusive r emedy of Iridex with resp ect to any and all c l aims arising in conn ection with this S ection 4.4.

4.4.3 In the event that Ir idex elects to ter mina te Topcon’s appointment pursuant to this S ection 4.4 with respect to P roduc ts in a region or country, I ridex shall pay Topcon an a mount equal to [***].

4.5P a yment T er m s.

4.5.1 All payments sha ll be m ade in U.S. dollars in imm edi ately a v ailable funds to wire instructions provided by Iridex r e asonably in advanc e. Ex cept for any amounts disput ed by Topcon in good faith, Topcon shall pay Iridex the amount due under e a ch invoi ce within sixty (60) days follow ing Topcon’s receipt of P roducts. P ayment of invoices w ill not be dee m ed a c c ept ance of the P roduc ts or waive Topcon’s r ight to inspect such P roducts.

4.5.2 A monthly int erest r ate of one p er c ent (1.0%), or the m aximum ra te per mitted by Applicable Law, whi che v er is lower, shall be appli ed to all outst anding balances not paid within the applicable per iod by either P arty under this Agr eement. All payments to be m ade by either P arty under this Agreement sh a ll be net of bank cha rges and exc h ange commission.

4.6T a x e s.

4.6.1 P rices are e x clusive of all appli cable taxes. Topcon agr e es to pay all sales, use, e x cise, v alue-added and similar ta x es and a ll customs duties associated with the marketing, Dist r ibution and delivery of the Produ cts ordered. Upon Topcon’s request, Iridex shall promptly submit to Topcon tax r e ceipts or other documents as r eason ably r equest ed by Topcon to evidence the payment for the taxes so as to e n able Topcon or its Affiliates to m ake a claim for any tax credit it may be entitl ed to or otherwise available to it. Topcon and I r i d ex w ill each be entitled to deduct and w ithhold f rom any amounts payable pursuant to this Agre ement any withholding taxes or other amounts that a re r equired to be deducted and withheld pursuant to any applicable tax l aw of any jurisdi cti on. To the ext ent that any such a mounts a re so dedu cted or withheld, such amounts will be tr eated for all purpos es of this Agreement as h aving be en pa id to the pe rson in respect of whi ch such d eduction and withholding was m ade.

4.6.2 Upon reasonable r equest by I ridex, Topcon shall use commercially reasonable e fforts to apply for an e x emption or reduction of the withholding taxes in a cc o rdance with applicable tax conv ention, as long as Top c on is qualified for such exemption or redu c tion under such conv ention and I rid ex submits all necess ary for ms as r eason a b ly request ed by Topcon

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to be qualified for the s ame before the re l evant payment becomes due and payable.

4.6.3 Without prejudice to any of the foregoing, all other taxes that are not provided in S ections 4.6.1 or 4.6.2 above but imposed as a r esult of the exist ence of this Agr eeme nt or the perf o r m ance he r eunder shall be paid by the P ar ty requir ed to make such paym ents under applicable law.

ARTICLE 5

MARK ET ING AND P ROMOT I O N

5.1 S a les E ff o r ts. Topcon shall use its commercially reasonable e fforts to promote and sell all P r oducts in each country and region within the Te rritory. W ithout limiting the for egoing, Topcon will use its comme rcially r e asonable eff o rts to alloca te ne cess a ry pe rsonnel, to m eet annu al sales pla ns, to maintain and enha n ce the reputa tion and a cc eptance of the P roducts and r easonably coope rate w ith I r idex in promoting the sale of the P roducts in the T erritory, in e a ch case subje ct to and in a c cordance with Topcon’s st andard inter n al proc edur es and policies. Ir idex shall coopera te with Topcon in advertising and p romoting the Products in the Terr itory. Upon Iridex’s reason able w r itten requ est, Topcon sh all provide Iridex opportunities to participate in Topcon’s national or r egional sales meetings at no char g e, provided I r idex sha ll pay its own incidental costs, including costs re l ated to tr avel and lodging, with r espe ct thereto. Any and all costs associated w ith adv er tising, sa l es promotion, workshops, seminars, c onventions, exhibits or other se lling costs shall be the responsibility of Topcon; provided, that to the extent any such f ees re l ate to joint advertisi ng and comm e r ciali zation efforts of Topcon and Iridex, the P ar ties shall discuss and agr ee on cost alloca tion procedures and me thods with respe ct to such f e es in good fa ith.

5.2 M a t er i a ls. I ridex will f u rnish I rid ex’s brochu res, clini cal data, adve rtising and selling information and promotional literatu re, and any other information w ithin I rid ex’s possession and cont rol that is reasonably request ed by Topcon, to Topcon at no charge, to the extent r e asonably ne cess ary to support the s ales of P roduc ts in the T erritory. Topcon, at its own costs, may arrange to transl ate any materials provided by I rid ex into any l anguage other than English. Not w ithstanding the for egoing, and subj ect to Arti cle 6, it will be the r esponsibility of Iridex to arrange transl ations of inst ruction m anual or guidelines, t raining m aterial, or other simil ar mater i al into language other than English, as rea sonably request ed by Top con, to the extent such transl ations a re r easona b ly required to Dist ribute the P roducts in e a ch c ount ry or region in the Territory. For clarity, nothing in this S ecti on 5.2 shall prevent Topcon, its Aff iliate or Subdistr ibutors from pr eparing promotional ma t erials in each country or region w ithout any prior consent or revi ew by Ir idex.

5.3 M ar k e t i ng P l a ns. Iridex and Topcon shall pr epa re and agr ee upon an annu al sales plan by O ctober 31 for e ach subsequent ye ar of the Agr e ement. Each annual sa l es plan shall include purcha se and s a l es projections by qua rter. Such annual sales plan shall inc lude a reasonabl e, non-binding fore c ast of the number of P roduc ts to be placed e a ch year, p repa ration(s) for the Te r ritory’s proposed sales goals, prom o tions, prospecting activities and tele m arketing ac tivities, among other information as re asonably discuss ed by the P arties in good fa ith.

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5.4Ir id e x Oblig a tions.During the Te rm, I r idex shall, upon Topcon’s reasonable requ est and at no cost to Topcon:

5.4.1 provide any n e c ess ary information or mater i al in I ridex’s poss ession and control, and customa ry support (including consulting with Topcon regarding inventory levels, advising on ef f ective p romotional efforts, and h e lping to coordinate p r omotional activities and resolve Custom er disputes), re g arding the marke t ing, advertising, promoti on, and sale of P rodu cts and sha ll notify Topcon promptly in the event of any material c h anges in such information;

5.4.2 no later than sixty (60) d ays after the E ff e ctive D ate, ha ve tra ined Topcon’s personn el re ga rding the marketing, sale, and support of the P rodu cts, as agr eed in good fa ith by Topcon and Iridex;

5.4.3 provide Topcon such m arketing, advertising, promotional, sales, and technical literature of P roducts in I ridex’s poss ession and cont rol as reasonably ne c ess ary to assist with the promotion of the P roducts;

5.4.4 provide customary te chnical support to Customers and, as reasonably requ est ed by Topcon, provide support contact inf o r m ation, esc alation procedu res, and other support-r ela t ed inf o rma tion to Topcon for all Products and related lic enses; and

5.4.5 allow Topcon to parti cipate in its m arketing, advertising, promotion, and sa l es progr ams or e v ents;

provided, in each case, th at each P ar ty shall be sol ely responsible for all expenses incurred by such P arty or its personnel associa t ed w ith such support, tra ining, assist ance and parti cipation, including travel, lodging, local t ra nsporta tion, meal costs a nd other incidental costs.

ARTICLE 6

REGULATO RY AND QUALITY ASS URANCE

6.1MAA App r ov a l.

6.1.1 As be t ween the P arti es, subj ect to the terms and conditions of the this Agreement, including without lim ita tion S ec tion 6.1.2 and the Quality and R egulatory Agreement, and Applic able Laws, (a) I rid ex shall be responsible to prepa re and file all MAA and secure all MAA Appr ovals for P roducts from a ll R egulatory Agencies necessary to mar k et P roducts in (A) the T erritory, exc ept for J apan, (B) the United States and (C) outside the Te r ritory, and (b) Topcon shall be responsible to prepare a nd file all MAA and secure all MAA Approvals for P roducts f rom all Regul atory Agenc i es ne c ess ary to mar k et P roducts in Japan; provided, th at, with respe ct to all countries and regions in the T e rritory other than Japan and the Unit ed States, the responsibiliti es shall be allocated b ased on good faith discussion among the P ar ties and refle c t ed in the Quality and R egulatory Agreement (I r idex, w ith respe ct to all countries and regions in the Te rritory other than Japan, and Topcon, with respe ct to J apan, sh all be r ef e rred to as “M A A R e s p o n s ib le Pa rt y”). I ridex shall own all right, title and interest in and to any and a ll MAA and MAA Approva ls for P r oducts in the Te rritory other than J apan, and Top con shall own all right,

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title and interest in and to any and a ll MAA and MAA Approvals for P roducts in Japan. For clar ity, and notwithst anding anything to the contrary here in, I r idex shall own all right, tit le and int erest in and to any and all MAA and MAA Approv als for P roduc ts outside the Ter ritory.

6.1.2 Iridex sha ll be responsi ble to pre p a re c ertain do cuments necess ary to submit an MAA (such mater i als, “M AA Do c u m e n t s”) in Ja p an and oth er countries and r egions in the Te rritory, in cluding Thi rd P ar ty supporting certific ations a nd m aterials (including transl ations), at its sole cost to the extent provided in the Quality and R e gulatory Agreement or otherw ise agr eed in writ ing by the P arties. For c l arity, all other costs and expenses of pr eparing and filing all MAA and securing all MAA Approvals in Japan will be borne by Topcon (or its Aff ili ates or Subdistributors).

6.1.3 The P arties sh all discuss in good faith and a g ree in the Qu a lity and R egulatory Agr e e m ent on (i) the a ctual roles and responsibilities of e ach P arty and (ii) the responsibility and pr o c edures r ela ting to qu ality control and ass u rance and saf ety control of P roducts necess ary und er Applicable Law in e a ch country or region in a c cordance with Se ction

3.7.

6.2R e gi s t ra tion Mat er i a ls.

6.2.1 To the extent permitted under Applicable Law, MAA R esponsible P arty, at its sole cost, shall be responsible for filing and obt aining all government and other approvals ne c ess ary to Distribute the Product in the Territory, including permits, registrations, licenses, exemptions, exc eptions and other permissions, etc., in each case to the ext ent necess ary for the lawful Distribution and use of the P roducts in the Territory, inc luding without limita tion any import and export lic enses and permits (“R e g i st r a t ion M a ter i als”), unless otherwise agr e ed in writing by the P arties. For the avoidance of doubt, I ridex sha ll be responsible for filing and obtaining all R egistration Materials ne c essary to Dist ribute the P roduct in the Unit ed States and other countries and regions outside the Territory.

6.2.2 Iridex shall provide Topcon with any materials w i thin its possession and cont rol that are ne c e ssary to obtain and m aint ain import licenses and product regist rations for the P roducts in Japan including but not limited to technical d escriptions, data, drawings, s ervices manuals, quality control audits, and facility inspection reports, and any other infor m ation as reasonably request ed by Topcon. In addition, to the extent pe rmitted by Applicable Law and the terms of any applic able Existing Dist r ibutor Agre ements, Iridex shall use c ommercially r e asonable efforts to t ake, or cause its existing dis t r ibutors for the P roducts in Japan to take, appropriate measures in respe ct of a ny changes to any M AA, MAA Approv al and/or R egist ration Mater i als to the extent requir ed to ma rket P roduc ts in Japan in accor d ance with this Agreement.

6.3R e gulato r y. MAA R esponsible P arty shall comply fully with Applicable

Law of the T erritory as r ela ting to P roducts.

6.4 Qu a li t y As s u ra n ce. Ea ch P arty will maintain a quality system in its organi zation in accorda n ce with Applicable La ws, and in particular w ill use its commercially reasonable effor ts to ensure that: (i) such Pa rty will be in compliance with any p roduct

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management, manuf a cturing or quality control st andards or requirements applicable to such P arty under any Applicable L aw, (ii) such P arty will be able to proc eed to r e call specific P roducts without signi ficant delay (provided that such P a rty sha ll use comm erc i ally reasonable e f forts to provide reason able advance written notice to the other P arty, including any de t ails reasonably request ed by the other P ar ty, with respect to any su ch re c all); and (iii) such P arty, upon reasonable request by the other P arty, collects and p rovides to the other P arty reasonably n ecess ary information rega rding the locations and conditions of the P roduc ts. Topcon will use its commercially r e asonable efforts to ensure that its personnel pe r forming any obligation on its behalf with respect to Dist ribution of P roduct in the Territory in any mater i al capacity under this Agreement h ave appropriate technic al skills, training, and expe r tise with r espect to the P rodu cts, provided that I ridex pr ovides sufficient training to such Topcon personn el with respect to the P roducts so as to enable Topcon to perf o rm its responsibilities set forth herein.

6.5Alt era t i ons.

6.5.1 Any a lterations to any P roduct shall only be made subj ect to reasonable prior written notice to Topcon to the extent such a lterations a re made pursuant to orders from any R egulatory Agency, provided that (i) in the event that Topcon reasonably dete rmines that an application for amendment to any MAA Approval in Japan may be necess ary with resp ect to the particular P roduct in question, I ridex sha ll not export or deliver to Japan any Produc ts refle c ting or incorporating such alterations unless and until such time that Topcon notifies Ir idex in writing that such amendment to the MAA Approval under the Applicable Law has b een completed, and (ii) if su ch amendment to the MAA Approval in Jap an is required under the Applicable Law, the Pa rties sha ll discuss in good faith rega rding wh e ther to continue the Distribution of the former P roducts (bef o re such a ltera tions are imple m ent ed) in Japan during such per iod of time.

6.5.2 Without limiting the foregoing, in the event that Iridex desires to make any alte r ations to any P roduct, be fore ma king any such alterations, I ridex sh all promptly send a written notice to Topcon to that effec t, sp ecifying the details rega rding the nature of such alterations, proposed timeline for making such alt erations, the reasons for making such alt erations, information conc e rning the manuf a cturing site/f a ctory in respe ct of the P roduct subj ect to the alterations, and any other infor m ation as r easonably request ed by Top con, and the P ar ties sh all discuss in good faith whether Topcon h as any mat erial conc erns with m a king such a lterations to the applicable P roduct.

6.5.3 Upon m aking any change in specifications or designs, inc luding a change of m anuf a cturing sit e, in a c corda n ce with this S ection 6.5, the P arties shall discuss in good fa ith whether I ridex shall replace or ma ke such c h anges on any of the Products previously shipped to Topcon. For the avoi d ance of doubt, in the event that any MAA or MAA Approval is requi red with respect to the alterations, until such time that the required MAA or MAA Approval is completed, I ridex shall not Dist ribute the altered P roduct to Topcon for the purpose of D ist ribution in Japan.

6.5.4 Topcon sha ll not make any alterations to any P roduct unless spec i f i cally author iz ed in writing by I ridex, and I ridex shall be under no obligation to make any

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alterations that may be requested by Topcon unless such alterat i ons are sought to correct any Defect herei n, in which case Topcon shal l comply with Iridex’s reasonable ins truct i ons, provided that all fees and expenses related th e reto shall be b orne by Iridex.

6.6 R ec o r ds a nd R e po r ts. Topcon sha ll provide I ridex w ith monthly sales tracing repor ts for all Products sold in the Te rritory. Topcon will include, on a country-by-count ry and P roduct-by-P roduct basis, the quantity of P roducts sold by Topcon in each su ch Te r ritory, to the extent such inf o rmation is r e asonably available to Top con and subje ct to Applicable Laws and conf identi ality obligations owed by Topcon to any Third P ar ty.

ARTICLE 7. C OOPERA TION; AUDIT AND INSPECTION

7.1 C oop era t ion. The Pa rties shall coop erate with e a ch other in good fa ith (i) in the perf ormance of the P arti es’ resp ective obligations under this Agree m ent; and (ii) to f a cilitate an or d erly and e fficient transition of se rvi ces, process es and functions as contemplated in this Agreement, and in e a ch case, in a m anner consist ent w ith the intent of this Agr e ement. Without limiting the foregoing, Ir idex agr ees to use commercially r easonable e f forts to coope rate with Topcon, upon its r easonable requ est, to provide Topcon with r elevant MAA Documents ne cessa ry to obtain MAA Approva ls or r espond to any r equests or quer i es f rom R egul atory Age n cies for t he P roducts, in e a ch c ase, for obt aining or mainta ining MAA Approv als for the P roducts in any Territory, at Iridex’s expense sol ely to the extent such information is reasonably ava ilable to I ridex; provided, that alloc a tion with respect to any other expense relating to MAA Documents sh all be discussed by the P ar ties in good faith and r eflec ted in the Quality and R egula tory Agr e ement.

7.2 Audit a nd I nsp e c t i on. Each P arty, at its own expense, reser v es the right for it or its represent atives to inspect the other Pa rty’s fac ilities during its nor m al business hours and with reasonable adv ance notice to confirm compliance with the obligations of this Agree m ent, to the extent r easonably ne cess ary by the r equesting P arty to comply w ith Applicable La w. E ach P arty sha ll cooperate with the other P arty in the event of any request for audit, investigation or inspection as conducted by any R egulatory Age n cy.

ARTICLE 8

INTELLECTUAL PROPERTY

8.1 P r odu c ts. Topcon agr e es that other than as expressly set for th in this Agreement, no license or other rights in I rid ex’s inte llectual prope rty rights are granted to Top con, and all such r ights are he reby expr essly reser v ed by I r i d ex. Topcon sha ll not (i) modify, copy, or otherw ise reprodu ce any P roduct or do cumentation I ridex provides to Topcon in conn ection with this Agree m ent without the prior writt en approval of Iridex or (ii) re v erse engineer, decompile, or disassemble any P roduct, or encour age or assist any Third P arty in doing so, unless in each ca se (i) or (ii) othe r w ise expli citly permitted under this Agreement.

8.2 T ra d e m a r ks. During the Term of this Agr e ement, Topcon and its Affili a t es, authorized ind ependent s ales r epre s entatives, Subdist ributors, successors and assigns shall h ave the r ight to indicate to the public that it is an authorized distributor of the P r oduc ts and to advertise

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within the Te r ritory the P roduc ts under the tr ademarks, marks, and trade na m es that Iridex may adopt from time to time (“Iri d e x T r a d e m a r k s”). Iridex T rade m arks sh all at all tim es r e m ain the exc lusive prope rty of I r idex and all use of Iridex Tradema rks sha ll inure to the exclusive be n efit of I ridex.

8.3 T ra d e m a r k R e s t r i c t i ons. All represent ations of Iridex Tr ademarks th at Topcon intends to use sh all be, in all ma t erial aspects, reason ably exact c opies of those used by Iridex or shall first be submitted to I r i d ex for app roval (which shall not be unreason ably dela y ed or withheld) of design, color and other deta ils. Topcon shall not engage in any activity in connection with the use of the Iridex T rade m arks that would adv ersely af f e ct the na m e, r eputation or goodwill of I ridex or the P roducts. In addition, Topcon shall fully comply w ith all reasonable guidelines, if any, communica t ed by I ridex con ce rning the use of Iridex Tr ademarks. In no e v ent may Topcon use or authorize any use of any of Ir idex Tr ademarks in any dom ain name wh ether regist ered, own ed, or op erated by or on be h alf of Topcon. Topcon shall not chall enge or assist others to chall enge I ridex Trademarks (exc ept to the extent such restriction is expressly prohibit ed by Appli cable L aw) or t he regist r ation there of or a tte mpt to regist er any tra d emarks, ma rks or tr ade names confusingly similar to those of Iridex. Any violation of the for egoing sha ll be dee m ed a mater i al bre a ch of this Agreement that is incapable of cure, entitling I ridex to terminate this Agreement immediate ly upon notice to Topcon. Except as s et forth in this Arti cle 8, nothing contained in this Agree m ent shall grant or shall be deemed to gr ant to Topcon any r ight, title or interest in or to Iridex Tr ademarks. Upon ter min ation of this Ag ree m ent, Topcon shall cea se to use any and all of Iridex Tradema rks as soon as re asonably pra cticable.

ARTICLE 9

RE PRESE N T A T I ONS AND WAR R AN T I E S

9.1Limi t e d P r odu c t War r a n t y.

9.1.1 Subject to this S ection 9.1.1 and S ection 9.2 below, to the extent per mitted under Applic able Law, for the dur ation of the applicable Iridex war r anty period, provided that details r e g arding such w ar r anty pe riod and detailed te rms r elated to wa r ranty shall be discussed and sepa ra t ely agr e ed (taking into consideration any holding periods re l ating to the P roducts) in writing by the P arties as soon as prac ticable after the Ef f ective Da te but in any event before Ma r ch 31, 2021, Iridex w ar r ants to Top c on that (i) the P roduc ts a re fr ee from d ef e cts in workmanship and ma t er i als and conform to Iride x’s specif i cations under no rmal use and ca r e; (ii) the P roducts are f r ee of defects in design; and (iii) upon initial delivery (and without limiting Topcon’s paym ent obligations hereunde r), Top con will receive good and valid title to the P roducts, free and cle ar of all security interests or liens of any kind. In the e v ent that I r i d ex of f ers any additional extended warr anty with respect to the Products w ithout charge, Iridex shall provide such additional extended w ar r anty available f or the Products sold hereunder by Topcon.

9.1.2 Subject to the terms and conditions of this Agre ement, Ir idex sh all be responsible for all costs and expens es re l ating to transporting, loading and unloading, customs, taxes, t arif fs and duties, insurance, and any other similar financ i al contributions or obligations re l ating to any re p a i rs, r epl acement p arts or repla c ement P roducts c arried out within the applicable war r anty period.

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9.1.3 Topcon (or its Affiliates or Subdist ributors) may at its (or their) own expense provide a w ar r anty to Cus tomers and handle Customer warranty claims and re turns for allegedly non-conforming P roducts in accordance with its own polic i es. If a Customer contacts Iridex with a w ar r anty c l aim, Iridex shall r e fer su ch Customer to Topcon.

9.1.4 All Topcon w ar r anty claims shall be made in accor d ance with S ection 3.5 above. Subject to the foregoing and to S ec tion 9.2 below, upon Topcon’s confirmation of De f ects, I rid ex will, at its option, and upon reasonable prior w r itten notice to and in consulta tion with Topcon (including with respe ct to any charges b elow for which Topcon may s eek re imbursement from I rid ex), either (A) r epair or r eplace the P roduct (and/or any part or component thereof) at the cost of Iridex, including any r e asonable appli c able tr ansportation and custom clea r ance cha rges a ctua lly paid by Topcon in a ccorda n ce with this Agreement, or (B) c r edit Topcon’s account for the P roduct purc h ase p rice p a id ther e for plus any rea sonable inspection, t est and transpo rtation and custom c l ea r ance c h arges actually incur red by Top con as a result of such Def e c ts in acc o rdance with this Agreement.

For cl ari ty, this Section 9.1 shall not apply t o any Exis t ing TMLS I nven t o r y.

9.2 Limi t a t i ons. To the ext ent permitted under Appli cable Law, the wa r ranties in S ection 9.1 shall not apply to P roducts that h ave be en modified or alt ered in any mann er by anyone other than Iridex or authoriz ed Top con p e rsonnel who re c e ive t raining in a ccor d ance with S ection 10.1 hereof (“A u t h o r i ze d P er so nn e l”), to P roducts where the original packaging of whi ch has been da m a g ed or tampered by any Pe rson other than I ridex, or to De f ec ts or other failures of P roducts to meet specifications caused (i) through no fault of I rid ex during shipm ent to or from Topcon; (ii) by the use other than as permitt ed by this Agree m ent; or (iii) by storage, usage or handling in any mann er inconsist ent with the P r oduct label as a g reed by the P arti es in adva n ce. Iridex sha ll not be liable for misbranding with respect to any P roduct l abeling or package inse rt text provided or used by Topcon, or any t ransl ation thereof and I ridex shall not be li able for any adulteration or failure to m eet the P roduct Spe c ifications due to handling or pac k aging of the P roduct by Topcon, its Authorized P ersonnel, its Subdist ributors or its agents.

9.3 G e n e r a l R e p re sent a tions a nd Warra n t i e s. Ea ch P arty represents and war r ants that: (a) it has full power to enter into this Agree m ent and to gr a nt to the other P arty the rights grant ed to su ch ot h er P ar ty und er this A gre ement, (b) it has obt a ined a ll necess ary corpor ate approvals to enter into and execute the Ag re ement, (c) its execution of this Agreement and performan ce of the terms set forth herein will not cause be in confli ct w ith or constitute a breach of any a g ree m ent or underst anding with any Third P ar ty, and (d) it is in compliance with all Applicable L aws. W ithout limiting the foregoing, I ridex re p resents and wa rrants that, subj ect to the terms and conditions of this Agree m ent, inc l uding w ithout lim itation Section 2.1.2, it (i) has, and shall du ring the Te rm maintain, the right to grant the rights and lice nses grant ed to Top con under this Agr ee m ent, (ii) has obtained any consents and exe cut ed any a m endments ne c ess ary to grant such rights and lic enses, and (iii) has not, a nd will not during the T e rm, grant any rights to any Third P arty that conflict with the rights and li censes gr anted to Topcon hereunde r.

9.4 F CP A C ompli a n ce. E a ch P arty w ar r ants that in the pe r forma n ce of its obligations under this Ag reement, it will not a ct in any f ashion or take any a c tion which will render

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the other P arty liable for a viola tion of the U.S. Foreign Cor rupt P racti c es Act (the “F C P A”), which prohibits the o ff e r ing, giving or p romising to off er or give, direc tly or indi rectly, mon ey or anything of value to any official of a gov ernment, political party or inst rument ality thereof in or d er to assist Topcon or Ir idex in obtaining or retaining business. Each P arty shall have the r ight to immediately terminate this Agreement should the other P arty make any payment which would violate the F CPA.

9.5 Dis c l a im er. SUBJECT TO I R IDEX’S WARRANT IES TO TO PCON AS DESCR I BED IN SECT ION 9.1, AND TO THE EXTENT PERMITTED UNDER APPLI CABLE LAW, I R IDEX DOES NOT MAKE ANY OTHER WARRANTY TO TO PC ON, WHETHER EX PRESS, IMPLIED, STATUTO RY OR OTH E R W I SE, W ITH RESPECT TO PRODUCTS, SPECI F I CAT ION S, S U PPORT, SERVI CE OR ANY OTHER MATE R IALS AND I R IDEX SPECI F I CALLY D I SCLA IMS ALL IMP L IED WARRANTIES OF MERC HANTABIL ITY, NON-I N F R I NGEMENT, AND F ITNESS FOR A PARTI CULAR P U RPOSE, EXCEPT AS EX PRESSLY PROVIDED IN TH IS AG REEMENT.

9.6 Limi t a t i on of Li a bi l i ty. NOTW ITH STA ND ING ANYTH ING TO THE CONTRARY HEREIN, TO THE EXTENT PERMITT ED BY APPLI C A BLE LAW, EX CEPT FOR L I A B I L ITY FOR INDEMN I F I CATI ON, L IAB I L ITY F OR BREA CH OF CONF IDENT IAL ITY, OR L I A B I L ITY FOR I N FR INGEMENT OR M I SAPPROPR IAT ION OF INTELLECTUAL PR O PERTY R IGHTS, NE I T HER PARTY NOR ITS REPRESENTATIVES IS L IABLE FOR C ONSEQUEN T IAL (IN CLU D ING LOST PROFITS), IND I RECT, INC I DENTAL, SPEC IAL, EXEMPLA RY, PUN I T IVE, OR EN HANCED DAMAGES, AR I S I NG OUT OF OR RELATING TO ANY B REA CH OF TH IS A G REEMENT, WHETHER OR NOT THE POSS I B ILI TY OF SUCH DAM AGES HAS BEEN D I SC LOSED IN ADVANCE BY THE OTHER P A RTY OR COULD HAVE BEEN REA SONABLY FORESEEN BY TO PCON, REGARDLE SS OF THE LEGAL OR EQ U ITA BLE T HEO RY (CONTRACT, TO RT, OR OTHERW I SE) UP ON W H I CH THE CLA IM IS BASED, AND NOTW I THSTAND ING THE F A ILURE OF ANY AGREED OR OTHER REMEDY OF ITS ESSENTIAL P U RPOSE. NOTW I THSTAN D I NG ANYTH ING TO THE C ONTRARY HERE I N, TO THE EX TENT PERMITTED BY LAW, EX CEPT FOR LIAB I LITY FOR INDEMN I F I CAT ION (INCLUD I NG, W ITHOUT L I M ITAT I ON, ANY L I A B I L ITY W I TH RESPECT TO PR ODUCT L IAB I L ITY), LIAB I L ITY FOR F R A UD, GROSS NEG L IGEN CE OR INTENTIONAL MI SCONDUCT, AND W ITHOUT L I M I T ING I R I DEX’S OB L I G ATIONS UNDER THE QUAL ITY AND REGULATO RY AGREEMENT W ITH R E SPECT TO PRODUCT RECALLS OR W ITHDR A WALS, THE TOTAL AGGREG ATE L IAB I L ITY OF E ITH ER PARTY AR I S I NG UNDER TH IS AGREEMENT S HALL IN NO E VENT EX CEED TW I CE THE AMOUNT P A ID BY TOPCON TO I R I DEX PURSUANT TO TH IS AGREEMENT W ITH RESPECT TO THE UN IT OR U N ITS OF PRODUCTS INVOLVED IN THE INC I DENT GIV ING R I SE TO SUCH LIAB I L ITY.

AR TICLE 10

TR A INING A N D SU P PORT

10.1 T ra i ning. To assist Topcon with the Distribution and support of P roducts, Iridex shall provide r e a sonable support and tr aining as requ est ed by Top con in connec tion with

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the Dist ribution of the P roducts, provided that the expenses for (i) any such t raining that relate to commerciali z a tion of the P roduc ts shall be borne by the incurring P arty a nd (ii) tra ining relating to repairs, af t er-s ales suppor t, and qu ality control shall be sep a r ate ly discuss ed by the P arties in good faith and provided in the Quality and R egulatory Agreement. Topcon shall use its commercially r easonable eff o rts to cause its personnel to attend tr aining on the ope r ation and use of P roducts provided by Iridex upon I ride x’s r e asonable requ est, which will be made ava ilable at times reasonably conve nient to the conc er n ed personnel of both Topcon and I ridex at a l o cation mutually acceptable to the P ar ties. Topcon shall be sol ely responsible f or travel, lodging, local transport ation and meal costs associated with such training, to the ext ent such expenses have be en incurred by Top con.

10.2 S uppo r t. After the Effective Date, the P arti es shall discuss in good faith and agree sepa rately in w riting on the ter ms and conditions for provision of support to Customers by March 31, 2021 or su ch other da te as agr e ed by the P arties in wr iting.

AR TICLE 11

CONFID E N TIAL INFORMATION

11.1 G e n e r a l. Ex cept as othe rwise expr essly provided in this Agree m ent, during the Term and for five (5) years the r e a fter, e ach P arty shall hold in confidence and not use or disclose to any Third P ar ty any p roduc t, te c hnica l, mar k eting, financial, business or oth er proprie t ary information (“Co n f i d e n t ial I n f o r m a t io n”) disclosed to such P arty by the other in connection with this Agr e ement. Without limiting the for egoing, the te rms of this Agree m ent shall be conside r ed e a ch P arty’s Confidential I n formation.

11.2 Ex ce pt i ons. Notwithst anding the foregoing, Confidential Infor m ation shall not include information that: (i) was publicly known or made gene rally a v ail able without a duty of confidentiality prior to the time of disclosure by the dis closing P arty to the r e ceiving P arty; (ii) becom es publicly known or m ade ge n erally a v ailable without a duty of confidentiality after disclosure by the disclosing P arty to the receiving P arty; (iii) is in the rightful poss ession of the receiving P arty without confidentiality obligations at the time of disclosure by the disclosing P arty to the receiving P arty as shown by the rece iving P arty’s then-contempor aneous writt en files and records kept in the o rdinary course of busi n ess; or (iv) is obt ained by the r eceiving P a rty from a Third P arty without an accompanying duty of confidentiality without a breach of such Thi rd P arty’s obligations of conf identi ality.

11.3 Autho r i ze d Use a nd D isclosu re. Ea ch P ar ty may use and disclose Confidential Inf o rma tion of the other P arty as follows: (a) under appropria te confidentiality provisions substantially equivalent to those in this Agree m ent in conne ction w ith the performance of its obligations or exe r cise of r ights gr anted to such P arty in this Agr e ement; (b) to the extent such disclosure is r eason ably necess ary f or comp lying with the terms of agreements with Third P arties subject to approp r i ate confid entiality provisions consist ent with those in this Agreement, prosecuting or de f ending litigation or otherwise r equired by Applicable L aw or the rules of any stock exc h ange on which a P arties sh ares a re listed from time-to-time, provided, howeve r, that if a P arty is required by Applicable Law (or the r ules of any stock excha nge) to make any such disclosure of the other P arty’s Confidential Inf o rmation it will, except where impr a cti cable for

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necess a ry disclosures (f or exampl e, in the event of medi cal e m erge n cy), give r e asonable advance notice to the other P arty of such disc losure r equir ement and, except to the extent inapprop riate, will use its reasonable e f forts to secure conf identi al treatment of such Con fidential Information requi red to be disc losed; (c) in communication with existing and potential contractors, investors, acqui r e rs, consultants, a dvisors (including financ ial advisors, lawyers and a c countants) and oth ers on a need to know basis, in each case, under appropriate confidentiality provisions and a written agree m ent substantia lly equivalent to those of this Agreement; or (d) to the extent mutually agreed to by the P arties in writing.

11.4 Equit a ble R e li ef. E a ch P ar ty acknowl edges that any br e ach of its conf identi ality or non-use obliga tions under this Agreement may c ause ir repa r able h arm to the other P ar ty which cannot be r e asonably or a d equa t ely compensa t ed in d amages in an ac tion at law. Accordingly, e a ch P arty agrees that the other w ill be entitled, in addition to any oth er remedies it may have und er this Ag r eement or otherwise, to seek pr eliminary and p e rmanent injunctive and other equitable relief without having to prove the inadequacy of any other remedy it may h ave at law or in equity and without being r equired to post bond or oth er s ecurity r elating to any actu al or threatened br e ach of the obligations relating to the other P ar t y’s Confidenti al Infor m a tion set forth in this Article 11. I ridex acknowledg es that its b reach of any provisions relating to exclusivity (including with respe ct to grant of Exclusive Distribution Rights to Topcon) under Ar tic le II of this Agreement may c ause irrepa rable ha rm to Topcon and its Affiliates whi ch cannot be reasonably or a d equately compensated in damages in action at law. A ccordingly, I ridex that Topcon w ill be entitled, in addition to any other re m edies it may have under this Agree m ent or otherw ise, to s eek preliminary and per m anent injunctive and other equitable relief w ithout h aving to prove the inadequacy of any other remedy it may have at law or in e quity and w ithout being requi red to post bond or other s ecurity r elating to any a ctual or thre aten ed bre ach of Iridex’s obligations relating to exclusivity set forth in this Arti cle 11.

ARTICLE 12

IND E MNIFICA TION; IN SURANCE

12.1 I n d e m nity B y Top c on. Subj ect to S ection 12.3, Topcon shall indemni fy, defend and hold Iridex and its Affili ates and their respe ctive offic ers, dir ectors, e mployees and repre s ent atives ha r mless from and against any cla ims, suits, loss es, da m ages, liabiliti es, costs and expenses (inc luding rea sonable attorney’s f e es, collectively, “L os s e s”) a rising from any cla im, ac tion or p roc e eding br ought by Third P arti es, including any Customers, ar ising from: (a) any mater i al br e ach by Topcon of this Agree m ent; (b) any gross negligence or int entional misconduct of Topcon in conn ection with the p erf ormance of its obligations under this Agr e ement; (c) any fa ilure by Topcon or its r epresent atives or Af filiates to comply with any Applicable Laws; or (d) any allegation that the Distr ibution of PASC AL outside the Te rritory by I ridex or any of its Aff ili ates (or any P erson acting und er its or their authority) in a c corda n ce w ith this Agr e ement constitutes a breach or other violation of the t erms of any dist ribution agreement with respect to PASCAL that is in effect as of the Ef f ective Da te by or between Top con or any of its Affiliates, on the one hand, and a Third P arty, on the other hand; except, in e a ch ca se (a)-(d), to the exte nt Iridex is responsible f or such Losses pursuant to S ection 12.2.

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12.2 I n d e m nity B y Ir id e x. Subject to S ection 12.3, Iridex shall indemni fy, defend and hold Topcon and its Affiliates and the ir respective of ficers, dir ec tors, employees and repre s ent atives ha rmless from and against any Losses arising f rom any claim, action or p roc e eding brought by Third Pa rties, including any Custom ers, arising from: (a) any mat erial br each by Iridex of this Agreement (inc l uding with respect to any Distribution of TMLS PASCAL by I ride x), (b) the gross neglige n ce or int entional misconduct of I ridex, in cluding with r espect to any negligent manufacturing of the Products, (c) any fa ilure by I ridex or its r epre s ent a tives or Affiliates to comply with any Applic able Laws, (d) any alle g a t ion that the Distribution of the P roducts (other than any Existing TMLS Inventory) in any country in the Terr itory in accor d ance with this Agreement infring es the int ell ectual property rights of any Third P arty, provided that I rid ex assumes no li ability for (i) any combina tion of P r oducts with other produ c ts not provided by I r i d ex which infringe m ent would not ar i se f rom such P r oducts st anding alon e, or (ii) the modi f i cation of such P roducts by Topc on or any Third P arty wh ere such inf ringement would not have occ u rr ed but for such modifications, or (e) any Existing Dist ributor Agree m ent; exce pt, in each case (a)-(e), to the extent Topcon is r esponsible for such Losses pursuant to S ec tion 12.1. Notwithst anding the foregoing or anything to the contra ry he rein, if it is adjudica tive ly dete r mined that any P rodu ct infringes, or in Iridex’s good faith judgment, m ay infringe the intell ectu al property rights of any Third P arty in any country, then Iridex may, at its option and exp ense, either: (i) r eplace the P roducts in such country with non-infringing functionally equivalent products; (ii) modify the P roducts in such country to make them non-infringing func tiona lly equiv alent products; or (iii) take a license und er such Third P arty intell ectual property r ights suffic i ent for Topcon to continue Distributing such P roduct in such country.

12.3 I n d e m ni f i ca tion P r o ce d u r e. Any P arty seeking indemnification under this Article 12 (the “I nde m n i tee”) shall: (a) pr omptly notify the indemnifying P arty (the “I nd e m n ito r”) in writing of the claim; (b) p rovide the Inde mnitor sole cont rol over the defense and/or settlement of such claim, at Indemnitor’s e xpense and with Indemnitor’s choice of counsel; and (c) at the Ind emnitor’s request and expense, p rovide full information a nd reasonable assist ance to Indemnitor with respe ct to such c l aim. Inde m nit ee may join in de f ense of a claim w ith counsel of its choice at its expens e.

12.4 I ns u ra n c e. E ach P arty sha ll obtain and ma inta in reason able insura n ce, including commercial general liability insurance, worke r’s compensa tion insurance and produ ct liability insurance, at leve ls and for durations consist ent w ith industry st andards based upon such P arty’s activiti es hereunder and indemnifica tion obliga tions hereunder. Each P arty shall furnish to the other P arty on requ est c e rti ficates issued by the insura n ce company s etting forth the amount of the liability insurance.

ARTICLE 13

TERM A ND TER M I N ATION

13.1 T er m. This Agreement shall become ef f ective upon the Closing under the APA (the date on which this Agreement becomes eff e ctive, the “E f f ect i ve Da t e”) and, unless terminated e arlier in a cc o rdance with the t erms and conditions of this Agr e ement or ext ended la t er by mutual wr itten agre ement of the P arties, continue in full force and effect on a country-by- country basis for a p eriod of ten (10) ye ars (the “T er m”). Notwithst anding the foregoing, if on or

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by the Exclusive Distr ibution Rights Start Da t e, I ridex is unable to convey an e x clusive appointment and r ight to Dist r ibute any P rodu ct in any country in the Te rr i tory on account of any Existing Dist ributor Agreement due to a Delay, then the Term with respect to such P roduct in such country shall continue until the ten (10) year a nniversary of the first date upon which Ir idex conveys to Topcon such an exclusive appointme nt with respect to such P roduct in such count ry (whether through termination of such Existing Distr ibutor Agree m ent or oth erwise).

13.2 T er m in a t ion by Ei t h e r P ar ty. Either Pa rty may t erminate this Agr eement upon sixty (60) days’ p rior wr itten notice i f: (a) the other Party br e ac h es any mate rial t erm (including any payment ter ms) of this Agr e ement and the br e aching P arty h as not cured the br e a ch within such sixty (60) day period; or (b) a P arty is the subj ect of a liquidation or insolvency, or the filing of bankrupt cy, or si milar proc e eding(s) (provided that in the case of involuntary proc eedings, such proc e edings a re not dismiss ed within sixty (60) days of filing).

13.3 C h a nge of C ont r ol. If I r idex undergoes a Change of Control, I ridex sh all promptly notify Topcon, and I r idex (or its acquiror or successor, as applica ble) shall have the right to terminate this Agree m ent upon delivery of written notice to Topcon (the “C oC No t i ce”) and payment of the Change of Control Fee in full, in e ach c ase within ninety (90) days of the closing of the appli cable transa ction; provided, that I r idex shall not (i) have actively solicit ed such Change of Cont rol trans action du ring the tw elve (12) month period b eginning on the Ef fective Da te or at any time ther e after during the Te rm, dir e ctly or indirectly, for the prim ary purpose of exe r cising its right pursuant to this S ection 13.3 or (ii) enter into such Change of Cont rol transaction for the primary purpose of e x e r cising its r ight to purchase the Exclusive Dist r ibution Rights for the re m aining period of the T erm. For pu rposes of this Agr e ement, “C h a n ge o f Co n tr ol F e e” me ans: [***].

13.4E ffec t o f T er min a tion.

13.4.1 To the extent permitted under Applicable Law, in the event of any termination or expiration of this Agr eement, Top con shall use its commerc i ally reason able eff o rts to provide copies of a ll Regist ra tion Materia ls applicable to the P roducts, at I ridex’s cost; provided, that (i) the Pa rties shall discuss in good faith r e g arding transf er of rights under the R egist ration Mater i als to Iridex on a case-by-ca se basis and (ii) Topcon shall not be obliga t ed to transf er any such R egist ration Ma te r i als re l ating to Japan, to the extent such R egistr ation Materials a re r equi red to be poss ess ed by Topc on as the MAA Approv al in Japan.

13.4.2 Upon expiration or termination of this Agreement, in its entirety or on a country-by-count ry or region-by-region basis, Topcon shall submit to Iridex within thirty (30) days a list of all P roducts in Topcon’s and its Affiliates’ inventory as of the effective date of expiration or termination in the Te rritory or such country or region, as appli cable. Except in the event of termination by Iridex pu rsuant to Se ction 2.4, 12.2, 13.2 or 13.3, and unless otherw i se agreed in w riting by the P arties, Topcon and its Affiliates shall have one (1) ye ar following the expiration or t ermination of this Agree m ent, in its entirety or on a count ry-by-country or r egion- by-region basis, to continue to Dist ribute any Products in Topcon’s or its A ffilia t es’ inventory as of the ef f ective d ate of expiration or t ermination in the Te rritory or such country or region, as applicabl e. I ridex may also elect to repurc h ase unused (brand ne w) P roducts that have been

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purchased by Top con within sixty (60) days of notification of termination or of expiration at the Transfer P r ice p aid by Topcon less a reason able r estocking fe e. Exc ept as otherw ise p ermitted in this S ection 13.4.2 and subject to S ec tion 13.5, a ll rights and li c enses of Topcon and its Affilia t es and Subdist ributors her eunder sha ll automa tically be ter mina t ed.

13.4.3 Each P arty shall, within thirty (30) days of the eff e ctive date of termination or expira tion, either (a) return to the other P arty all of the ot h er P ar t y’s Confidential I n formation then in a P a rty’s poss ession, custody or control or (b) cer tify to the other P arty in writing that all copies of such Confidential Infor m ation have be en dest royed, except to the extent any such Confidential I n for m ation (i) rela t es to any infor m ation necessa ry for obtaining MAA Approval in a Terr itory, including but not limit ed to any spec i f i cations or testing reports for the P roducts, or (ii) ne eds to be retained pursuant to Applicable L aw or bona fide inter n al document re t ention policies of the P arty (in which c ase a ll of the confidentiality a nd non-use obligations hereunder sh all continue to apply to the Confidenti al Inf o r m ation to the extent the P arty continues to poss ess such informa tion).

13.4.4 In the event that Topcon has the right to te rminate this Agr eement for Iridex’s mater i al bre a ch in accorda n ce with S ection 13.2, upon Topcon’s request, Topcon and Iridex shall discuss in good faith a plan to c ure a ny such deficie n c i es, only if and to the ext ent the P arties agree that such material bre a ch is curabl e, or, if applicable, the ter ms and conditions of such termination, including, sol ely to the ext ent a g reed by the P ar ties, pote n tial payment by Iridex to Topcon of a ll or a portion of the Exclusivity Ter mina tion Fee under S ection 4.1.2, whi ch Exclusivity Te rmination Fee, for clarity, would be prorated by the ratio of (i) the number of days re m aining in the Term a g ainst (ii) the number of d ays in the entire Te rm of ten (10) ye ars.

13.5 S u r viv a l. The r espe ctive re p resentations, war r anti es, agr eements, covenants, indemnities and other st atements of ea ch P arty made under this Agreement sh all remain in full force and e ff e ct a nd shall survive termination or expi ration of this Agreement. Any c l aims ass erted in acc o rdance with the procedures set forth in this Agreement pr ior to any applicable expiration date or other applicable survival period sha ll not thereaf t er be barred by the expiration under this S ection 13.5, and such claims shall survive until finally resolved.

13.6 A ccr u e d Oblig a t i ons. Expiration or termination of this Agreement for any reason shall not relea se either P ar ty hereto from any obligation or liabil ity which, at the time of such expiration or termin ation, has already a c crued to the other P arty or which is attributable to a per iod pr ior to such expir a tion or termination, inc luding without limitation all payment obligations incurred prior to the e f fe ctive date of such te r mina tion or expir ation, nor pr e c lude e ither P arty from pursuing all rights or remedies it may have hereunder or at law or in equity w ith respect to any breach of this Agr e e m ent.

ARTICLE 14

NOTICE

Any noti ces given under this Agreement w ill be in writing, address ed to the P arties at the following address es, and delivered by pe rson, by e m ail or by a reput able express inter n ational cour i er s ervic e. Any su ch noti ce will be d ee med to have b een given as of the day of pe rsonal

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delivery, in the case of email on the da te of transmission, or on the day of success ful de livery to the other P arty as con firmed by the rec o rds of the courier service.

If to Iridex:If to Topcon:

Iridex C orpo ration Top c on C orporation

1212 Terra B e lla Avenu e75-1 Hasunum a-cho Mount ain View, CA 94043 Ita b ashi-ku, Tokyo U.S.A.Japan 174-8580

Attn.: P a t rick Merc er Chie f

Operating O ffic er Email: pmercer@irid ex.com

Attn: S h i g e hi r o Ogino

Executive Of fic er

Vice Ge n eral M anager

Eye C are Business Division

Email: sogino@topcon.com

Wi th a copy to: Kanako Koizumi

Se nior M a n a g e r

Legal & Export Control Dept.

Gene r a lAdminist ra t ion& Legal Div.

Email: kkoizumi@topcon.com

Wit h a copy (which s hall not cons t i tute

notice) t o:

W i th a c opy(which sh a l l not c ons t i t ute no t i ce) to:

Wilson S ons i ni Goodrich & R osat i P C Nagash im a Ohno & Ts u nematsu

650 P age Mill Roa dJP Tower, 2-7-2 Ma runouchi, P alo Alto, CA 94304 Chiyoda-ku, Tokyo 100-7036

U.S.A.Japan

Attn.: Philip Oettinger, E sq.Attention: Yutaka Kuroda

Email: poettinger@wsgr.c omE-mail: yutaka_kuroda@noandt.com

AR TICLE 15

MI S CE LLAN EOUS

15.1 Gov er ning L a w. This Agreement shall be gove rned by and construed in accor d ance with the laws of the State of C aliforni a, U.S.A. without regard to the conflicts of laws provisions and e x cluding the 1980 U.N. Conve ntion on Contrac ts f or the Inter n ational S ale of Goods.

15.2 As s ignm e nt. Neither Pa rty sha ll at any time, without obta ining the pr ior written consent of the other P arty, assign or t ransfer this Agre ement to any P erson. Notwithst anding the for egoing, each P arty sha ll be per mitted, without the consent of the other P arty, to assign this Agreement to its Affiliates or to perform this Agreement, in whole or in part, through its Aff iliates, pr ovided that such P arty sh all (a) notify the other Pa r ty of its int ent to assign

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this Agreement pursu ant to the foregoing in writing in advance and (b) be prim arily liable and responsible for pe rformance by su ch Af f iliate he reunder, and each P arty may also assign this Agreement, w ithout the consent of the other P arty, to any successor or Third P arty that acquires all or subst antially all of the ass e ts to which this Agree m ent re l ates, whether by sale, transf er, merger, r eorgani za tion, opera tion of law or other w ise; provided that the assignee agr ees in writing to be bound to the t erms and conditions of this Agreement. Any attempted assignment not in accor d ance with this S ection 15.2 sha ll be null and void. Subject to the foregoing, this Agreement shall be binding upon and shall inure to the bene fit of the P arties and their respective suc cessors and permitted assigns.

15.3 F o r c e M a j e u re. Neither P ar ty shall be liable to t he other for failure or delay in the performa n ce of any of its obligations under this Agreement (ot h er than the payment of money) for the time and to the ext ent such failure or d elay is caus ed by ear thqua k e, riot, civil commotion, war, t error ist acts, st rike, flood, or governm ental acts or rest riction, epidemi c, pande mic or other cause that is beyond the reasonable control of the respe ctive P arty. The P arty aff e cted by such for ce m ajeure will provide the other P arty with full pa rticul ars the r eof as soon as it becomes awa re of the same (including its best estimate of the likely extent and duration of the interfe r ence with its activities), and will use commerc i ally reason able e fforts to overcome the difficulties created there by and to resume performance of its obligations as soon as practicabl e. If the pe r formance of any such obligation under this Agr e e m ent is d elayed owing to such a f o r ce majeure for any continuous period of more than one hundred eighty (180) days, the P arties hereto will consult w ith respect to an equit able solution, including the possibility of the mutual termination of this Agre ement.

15.4 I n d e p e nd e nt C on t rac to r s. The P ar ties agr ee that the re l ationship of Ir idex and Topcon est ablished by this Agreement is that of independent contrac tors. Fur thermor e, the P arties agree that this Agree m ent does not, is not intended to, and shall not be const rued to, est ablish a par tnership or joint venture, and nor shall this Agreement crea te or est ablish an employment, agency or any other r elationship. Except as may be spe cifically provided he r ein, neither P arty shall have any right, power or authority, nor shall they represe nt the mse lves as having any authority to assume, crea te or incur any expe nse, li ability or obligation, express or implied, on beha lf of the oth er P arty, or otherwise a ct as an a g ent for the other Pa rty for any purpose.

15.5 Wa i v er; A m e ndm e nt. This Agreement m ay only be amend ed, modified or suppl emented by an a g r e e m ent in writing signed by each P arty. No waiver by any party of any of the provisions hereof sha ll be eff e ctive unl ess expli citly set for th in writing and signed by the P arty so waiving. Any delay in enforcing a P arty’s rights under this Agreement or any waiver as to a par ti cul ar de f ault or other matter will not const itute a wa iver of such P arty’s rights to the future enfor c ement of its rights under this Agree m ent, except with resp ect to an express wr itten and signed wa iver r elating to a particular m atter for a parti cular pe riod of tim e. No amendments to this Agreement will be e ffective or binding on either of the P ar ties unless reduced to w riting and duly executed on b ehalf of both P ar ties.

15.6 S e v era bil i ty. In the event that any provision of this Agreement is determined to be invalid or unenf o rc e able by a c ourt of comp etent jurisdi ction, the remainder of this Agreement w ill re m ain in full force and ef f ect without sa id provision. In such event, the

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Par ti e s will in good fait h n e goti a te a substitute c lause f or a ny p r ovision d ec l a r e d inv a lid or un e n f o r c ea ble, whi c h w ill most n early a pp r ox i m a te the int e nt of the Par ti e s in e nter ing this Ag ree ment.

15.7 Dispu t e R e so l u t ion. In the event of any dispute, controversy or claim between the P arti es he r e to arising out of this Agr eement, the P arti es agr ee to attempt to r esolve such dispute in good f aith through dir e ct negotiations for a period of thirty (30) days. Any disput e, controversy or claim be tween the Pa rties he reto a rising out of or r elating to this Agreement whi ch cannot be r esolved through direct negotiations shall be settl ed by binding a rbitration in a c corda n ce with and subject to the t h en applicable rules (“R ul e s”) of the Inter n ational Cha mber of Comm erce (“I CC”) and such a rbitration shall be administ ered by the I CC with a single arbit rator sele c t ed from a list of arbitra tors proposed by the I CC in a ccorda n ce with the Rule s. The arbitra t or shall allow such discovery as is appropr i ate and consist ent with the purposes of arbitration in accomplishing fair, spe edy and cost-ef f ec tive re solution of disput es. The costs of the arbitration including the arbitrators’ fees sh all be sha r ed equ ally by the P arties. Judgment upon the awa rd rende r ed in any such a rbitra tion m ay be enter ed in any court of competent jurisdic tion, or applica tion may be made to such court for a judic i al acceptance of the a w a rd and an enforce m ent, as the l aw of su ch jurisdi ction m ay require or allow. Unl ess otherwise mutua lly agreed to by t he P arties, such arbitration shall take pl ace in S anta Clara County, C ali fornia, U.S.A.

15.8 H ea dings. H eadings he r ein are for convenie n ce of re f ere n ce only and shall in no way affect interpr etation of this Agreement. To the extent there exists any discrepancy between any internal, a l phabetical or numer i cal c ross-re f ere n ce to a Se ction, Article or Exhibit of this Agreement and the parenthe tic al immedi ately following such cross-re f e r ence, the parentheti c al shall gove rn.

15.9 L a ngu a g e. This Agr e ement is in the English language only, which language shall be controlling in all respects, and all versions hereof in any other language shall not be binding on the P arties he reto. All communica tions and noti ces to be made or given pursuant to this Agree m ent shall be in the English l anguage.

15.10 C omp l i a n c e W i th Appl i ca ble L a w.E ach P ar ty shall comply with all

Applicable Laws in p erf o r ming its duties hereunde r.

15.11 Ent i re Ag r e e ment. This Agreement, and all exhibits attached he r eto (together with the other agreements and st rategic transactions cont empl ated hereund er), constitute the entire underst anding and contract betwe en the P ar ties and supersedes any and all prior and contemporaneous, or al or wr itten representations, communications, underst andings, and agree m ents be t w e en the P arties with respe ct to the subj ect matter he r eof, including without limita tion the Memorandum of Underst anding dated Decemb er 10, 2020. Notwithst anding the foregoing, to the extent the terms and conditions of this Agree m ent confli ct with the terms and conditions of any exhibit, the te rms and conditions of this Ag ree m ent shall govern. The P arti es acknowledge and agr ee that neither of the P arti es is enter ing into this Agreement on the basis of any repr esentations or promises not expressly contained here in.

15.12 Exp e ns e s. Except as otherwise expr essly provided here in, all costs and

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expenses, i ncluding, wi t hout limitation, fees and disbursements of counsel, financial advisors an d accountant s, incurred in c onnect i on with this Agreement and the t ransact io n s con temp lated hereby shall be pai d by t he party incurring such cos t s and expenses.

15.13 C ount er p ar ts. This Agreement may be execut ed in two (2) or more counterpa r ts, each of which will be an original and all of which together will constitute together the same docum ent. Count erpar ts may be signed and delivered by fa csimile or by Portable Document F o rmat (PDF) exchang ed by e m ail, e a ch of which w ill be binding when r e ceived.

[I nt e ntiona l ly l e ft blan k; s i gnature page follo w s]

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IN WITNESS WH EREOF, t h e Part ies have cau sed their duly authorized rep resen tat i ves to execute this Ag reemen t effective as of the E ffect ive Date.

IRID EX CORPORATION

Name: David B ruce

Title: Chi ef Executive Of f i cer

Sign a tu re:

Da t e:

Signature Page to Distribution Agreement

IN W I T NE S S WHERE OF, the Parties hav e caus e d their duly authorized r e presen tat i ves to execute this Ag reement effective as of the Effective Date.

TOP C ON CORPOR ATION

Name: Fumio Ohue

Title: Managing Executive Offic er, G ene r al Man ager, Eye C are Business D iv. Signature:

Da t e:

EXHIBIT A [***]

EXHIBIT B

[***]

EXHIBIT C [***]

EXHIBIT D [***]

EXHIBIT E [***]

E x h i bi t B

INV EST M ENT AGRE E M E NT

This Inv estm ent Agr e e m ent (this “Ag r e e m e n t”) is dated as of M arch [•], 2021, by and between I R I DEX Corpor ation, a company duly incorpora t ed and existing under the l aws of the St ate of Delawa re (the “C o m p a n y”), and Topcon A m erica Corpor ation, a company duly incorporated and existing under the laws of the St ate of Dela w a re (the “I n v e sto r”).

WHEREAS, Top c on C o r po ra t i on (“Top con”), a n A f f i l i a t e of t he I nv e s t o r, a nd t h e C o m p a ny wish t o e n t e r i n t o a se r i e s of s tr a teg i c t ra nsa c t i ons, pu r s u a nt t o whi c h (i) the C o m p a ny ac qu i re s t h e bus i n e ss of Top c on Med ic a l L a s e r S ys t e m s, I n c., a c o m p a ny du l y i n c o r po ra t e d a nd e xis ti ng und e r t he l aw s of t he St a te of C a l i f o r n i a a nd a n A ff i li a te of t h e I n v e s t or (“T M LS”) pu r su a nt t o a n Ass e t P u rc h a se A g r e e m e nt by a nd b e tw e e n t he C o m p a ny a nd TMLS d a t e d on o r ar ound t he d a te h e r e of (t he “Ass et Pur c hase Agree m e n t”), (i i) Top c on, t h r ough t he I nv e s t o r, ac qu i re s c e r t a in e quity in t ere s t s of the C omp a ny, a nd (iii) Top c on a nd t he C o m p a ny e nt e r i n t o a dis t r ibu ti on a g ree m e nt p u r su a nt to whi c h t he C o m p a ny g ra nts Top c on t he e x c lus i ve r i ght t o dis t r ibu t e the C o m p a ny’s produ c t s i n cer tain re gi o ns (t he “Distribu t ion Agree m e n t”); a nd

WHEREAS, in c onn ec t i on wi t h t he f o re going, t he C o m p a ny d e s ir e s t o i ssu e, sell a nd d e l i v e r t o t he I nv e s t o r, a nd t he I nv e s t or d e s ir e s t o pu rc h a se a nd ac qui r e fr om t he C o m p a n y, pu r su a nt t o t he t er m s a nd c ond iti ons set f o r th i n t h is Ag ree m e nt, c e r t a i n sh a re s of t he C o m p a ny’s C o mm on S to c k, p a r v a l ue $0.01 p e r sh a r e (t h e “Com m on S toc k”).

NOW, T H EREFOR E, I N CONS I DE R A T I O N o f t he m u t ual co venants c on tained i n t h i s Agreement, and for o t her good and valuable cons i derat i on t he r eceipt and a dequacy of which ar e hereby acknowled ged, the C o m pany and the I n ves t or agre e as fol l ows:

ARTI CLE 1. DEFI N I T I ONS

1.1. D ef initions. In addition to the t erms defined elsewhere in this Agr e e m ent, for all purposes of this Agree m ent, the following t erms shall have the m eanings indica t ed in this S ec tion 1.1.

“Ac qui red Shares” h a s t he m ea ning s e t f o r th in S ec tion 2.1.

“Action” m ea ns a ny ac t i on, su i t, inqu i r y, not i c e of vio l a t i on, p r o cee d i ng (i n c l uding a ny p ar t i a l p r o c ee ding s u c h a s a d e pos iti on) or inv e s ti g a t i on p e ndi n g or t hr ea t e n e d in w r iti ng a g a i nst or a ff e c t i ng t he C o m p a ny, a ny S ubsid i ar y or a ny of t h e i r re s p ec tive p r op er t i e s b e f o r e or by a ny c ou r t, ar bi t r a t o r, go v er nm e ntal or a dm i nis t ra t i ve a g e n c y, re gul a to r y a u t ho r i t y (fe d e r a l, s t a t e, c oun t y, l o ca l or f o r e ign), sto c k m ar k e t, s t o c k e x c h a nge or t r a d i ng fac i l i t y.

“Aff iliate” of a Pe r son m ea ns a ny o t h e r P er son t h a t d i rec t l y or ind i r ec tl y, t h r ough one or m o r e i n t er m e di a ri e s, c ontrols, i s c on t r o l l e d by, or i s und e r c o mm on c ontrol wi t h, su c h P er son. The t er m “c ont r o l” (i n c l ud i ng t he t er ms “c ont r ol l e d by” a nd “u nd e r c om m on c ont r ol w i th”) me a ns t he pos s e s si on, di rec t l y or i nd i rec tly, of the pow e r to di r ec t or ca use t h e di r ec t i on of

the m anage m ent and poli cies of a P erson, whether through the ownership of voting securiti es, by cont ract or oth erwise.

“A g r e e m e n t” has t he m eaning set forth i n the preamb le.

“Ass et Pu rc hase Ag r e e m e n t” h a s t he me a ning s e t f o r th i n t he r e c i t a ls.

“Busin ess Day” m ea ns a ny d a y e x c e pt S a tu r d a y, S und a y or a ny oth e r d a y on w hi c h c o mm erc i a l b a nks lo c a t e d in J a p a n or t h e St a te o f C a li f o r n i a a re a utho r i ze d or re qui r e d by L a w to be c l os e d f or bus i n e ss.

“Buy-in” h a s t he m ea ni n g s e t f o r th i n S ec tion 4.1(c).

“C losing” m ea ns t he c l os i ng of t he pu r c h a se a nd sale of t h e A c qui r e d S h are s pu r su a nt t o A R T I C LE 2.

“C losing Date” h a s t he m ea ning set f o r th i n S ec t ion 2.2. “Com m i ssion” m ea ns t h e U.S. S ec u r i ti e s a nd Ex c h a nge C o mmi s si on. “Com m on S toc k” h a s t he m ea ning set f o r th i n t he r ec i t a ls.

“Com m on S tock Eq u ivale n ts” m ea ns a ny s e c u r i t i e s of t he C o m p a ny or a ny S ubs i d i ar y whi c h e nt itl e t he ho l d e r t h e re of t o a c qu i r e C o m mon St o c k a t a ny tim e, i n c lud i ng w i thout l i m it a ti on, a ny d e b t, p ref e r re d s t o c k, r ig h t s, opt i ons, warra nts or oth e r i ns t r um e nt th a t i s a t a ny t i m e c on v er t i b l e i n t o or e x c h a ng ea b l e f o r, or oth erw i se e nti tl e s t he hold e r th e r e of to re c e i v e, C o mm on S to c k or o t h e r s ec u r i t i e s th a t e nt itl e t he h o l d e r to r e ce iv e, di r ec t l y or ind i rec t l y, C o mm on St o c k.

“C o m p a n y” has t he me a n i ng set fort h in t he prea m ble.

“Company Cou nse l” m ea ns W i l son S ons i ni Good r ich & R osat i, P.C.

“Company De liverabl e s” h a s t he m ea n i ng s e t f or t h in S ec tion 2.3(a).

“Company Party” h a s t he m ea n i ng s e t f o r th i n S ec tion 4.7.

“D isclosu re Mat erials” h a s t he m ea n i ng set f o r th i n S ec tion 3.1(h).

“D i st r i bu t ion Ag ree m en t” has t he meani n g set f orth i n t he reci tals.

“Effective Da te” m ea n s t he d a t e t h a t t h e R e g i s t ra t i on St a t e m e nt re q u i re d by

Section 2(a) of the R e gistra tion Rights Ag ree m e nt is fi r st d eclare d effec tive by the Commission.

“Evaluat ion Date” h a s t he m ea n i ng s e t f o r th i n S ec tion 3.1(s).

“Exc hange Act” m ea ns t he S ec u r i ti e s Ex c h a n g e A c t of 1934, a s a m e nd e d.

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“E x e mp t Iss u a n ce” mea ns the i s s uance o f (a) sh ares of C o mm on St ock or opt i ons to employees, offi cers o r d irect ors of t h e C omp a ny pursuant t o any equ i t y i ncent i ve p lan du l y adop ted for such p urpos e, by a maj ori t y of t he n o n-em p l oyee members o f t he B oard of Directors or a maj o ri t y of t he mem bers of a com m i t tee o f non-em pl oy e e d irecto r s es tabl i shed for s uch purpose, (b) securi ties u pon t he exercise or exchange of or conv e rsion of any Securi ties is s ued hereund e r and/or other securi ties exerci sab l e or exchan geable for or co n vert i b l e in t o shares o f C o mm on St ock i s s ued an d ou t s tanding on t he dat e of th i s Ag reemen t, provi ded that s uch s ecurit ies have not been amen ded s i nce t h e dat e of t h i s A greement to increas e the n u m ber of such securi ties or to decreas e t he ex e rci se price, exchange p rice or conv ers i on price of such securit ies, (c) securi ties as compensa t i o n to vendors or consu ltan t s or other non-emp l oyees of t he C o m pany, i n each case for serv ices rendered t o the C o m pan y, t hat has been appro ved by a maj orit y of t he dis i n teres ted d irectors of t he C o m pany and which i s s uance i s made at a price per s hare t hat i s not less t han t he greater of the book value and the market value of t he C o mm o n St ock, (d) securi ties pursuant t o acqu i s it ions of as set s (whether d irect l y or t hrough the acqu i s i t i on of capi tal s t ock of an en tit y), which acqu i s it ion i s approved by a majori t y of t he d i s i n teres ted d irect ors of t he C o m pany and which i s s uance is mad e at a pri c e per shar e that i s not less t han the greater o f t he book val ue and t h e mar ket val u e of t h e C om m on St ock, and (e) secu ri ties i ssued pursuant t o acqu i s it ions or s trategic transact i ons appro ved by a majori t y of t he d i s i n teres ted d irectors of t he C o m pany, but shall n o t i nclude a transact i on in which the C o m pany is i s s u ing securit ies pri mari l y for the purpose o f rai s i ng capi tal or to an enti t y w h ose pri mary bus i ness i s i nves ti ng i n securi ties.

“GAAP” m ea ns U.S. g e n era l l y a c ce p t e d a c c ount i ng p r in c ip l e s.

“G ov er n m e n t al Autho r ity” means any governmen t, court, regulat ory or ad mi nis trat ive agency, com mi ss i on, arbi trat o r or authori t y or o t her l e g i s lative, executive or jud icial governmental ent it y (in each case i nclud i ng any self-regu latory organization), wheth e r federal, s tat e or lo cal, d o mes tic, foreign or mu lt inati onal.

“In tellect ual Prop erty R igh ts” h a s t he m ea n i ng s e t f o r th i n S ec tion 3.1(p). “Investor” h a s t he m ea n i ng s e t f o r th i n t he p r e a mb l e.

“Investor Delive rabl es” h a s t he m ea ni n g s e t f o r th i n S ec t i on 2.3(b).

“Investor Party” h a s t he m ea n i ng s e t f o r t h in Se c tion 4.6.

“L aws” means all s tat e o r federal la ws, common law, s tatu tes, ordinances, codes, ru les or regulat i ons o r o t her s imi lar requirement e nacted, adopted, promu l gated, or applied by any Governmental Authori t y.

“Li e n” m ea ns a ny l i e n, c h ar g e, e n c umb ra n ce, s e c u r i t y i n t ere s t, r ight of f i r st ref us a l or o t h e r re s t r i c ti ons of a n y kind.

“Loss es” h a s t he m ea n i n g set f o r th i n S ec tion 4.6.

“Material Adver se E ff e ct” m ea ns a ny of (i) a m a t er i a l a nd a d v er se e ff e c t on t he l e g a l it y, v a l i d it y or e n f o r cea bi l i t y of a ny T ra n s ac t i on D o c um e nt, (i i) a m a t e r i a l a nd a dv e r se e f fec t on the re su lt s of op e ra ti o ns, a s s e t s, p r osp ec ts, bus i n e ss or c ond iti on (f in a n c ial or oth erw is e) of t he

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Comp a ny a nd the Subsidi ar i e s, ta k e n a s a whole, or (iii) a n a d v er se imp airme nt to the Comp a ny’s a bility to p erf o r m on a timely b a sis its oblig a tions und e r a ny Tra ns a c tion Do c um e nt.

“M o n e y L a und er i n g L a w s” has t he m ean i ng set forth i n S ec tion 3.1(dd).

“OFAC” h a s t he m ea ni n g s e t f o r th i n S ec t i on 3.1(cc).

“Ou tside Date” m ea ns t he f o r ty-f i f th (45 th) ca l e nd a r d a y f ollowi n g t he d a t e of th i s A g ree ment; p r ovi d e d, t h a t i f su c h d a y shou l d f a ll on a d a y t h at is not a Bu s in e ss Da y, t he O uts i de Da te sh a ll be d e e m e d the n e xt d a y th a t i s a B us i n e ss D a y.

“Person” m ea ns a n i nd i vidu a l or c o r po r a ti on, p a r tn er sh i p, t rust, i n c o r po r a t e d or unin c o r po ra t e d a ss o c i a t i on, j o i nt v e ntu re, l i m i t e d li a bi l i t y c omp a ny, j oint s t o c k c omp a ny, gov er n m e nt (or a n a g e nc y or subd i v i s i on t h ere o f) or oth e r e nti t y of a ny ki n d.

“P r e-N o t i c e” has t h e m eaning set forth i n Sect i on 4.11.

“P r o R a t a P o rt i on” has t he meaning set forth i n Secti on 4.11. “P u rc h as e” has t he mea n i ng set forth i n S ec t i on 2.1.

“P u rc h ase P r i c e” means t he amount eq ual t o t he product of (a) t he nu m b e r of t h e Acquired S hares and (b) per pu rchas e price o f t he Acqui red S hares, in ea c h case, as det erm i ned pursuant t o S ec tion 2.1.

“Proc e e ding” m ea ns a n ac ti on, c l a i m, su i t, inv e s t i g a t i on or p r o c e e ding (in c l ud i ng, w i thout l i mit a t i on, a n i nv e s ti g a t i on or p a r ti a l p r o cee ding, su c h a s a d e pos iti on), wh e th e r c o mm e n ce d or t h rea te n e d.

“Registration Righ ts Agree m e n t” m ea ns t he R e g i s t ra t i on Ri gh t s A gree ment, d a t e d a s of the d a te of th i s Ag ree m e nt, a mong the C omp a ny a nd the I nv e s t or, in the f o r m of Exhib i t A h ere t o.

“Registration S tate m e n t” m ea ns a re g i s t r a t i on s t a t e m e nt m ee t i n g t he re qu i re m e nts s e t f o r th in the R e g i s t ra t i on Ri gh t s A g ree m e nt a nd c ov er ing t h e re s a le by t h e I nv e s t or of t he Ac qui r e d S h are s.

“R ule 144” m e a ns R u l e 144 p r o m u l g a t e d by t he C om mi s s ion pu r su a n t t o t he S ec u r iti e s A c t, a s su c h R ule m a y be a m e nd e d fr om t i me t o t i m e, or a ny s i mi l a r rule or re gul a t i on h ere a f t e r a dopt e d by the C om mi s si on h a v i ng sub s t a nti a lly t he s a me ef f ec t a s su c h R u l e.

“SEC Re ports” h a s t he m ea ning s e t f o r th i n S ec t ion 3.1(h).

“S ec u r i ties A c t” m ea ns t he S ec u r i ti e s A c t of 19 3 3, a s am e nd e d.

“Share Delivery D a te” h a s t he m ea n i ng set f o r t h i n S ec t ion 4.1(c).

“Short Sal es” i n c lud e, wi t hout lim i t a tion, a ll “s ho r t s a l e s” a s d e f in e d in R u l e 200 p r o m ulg a t e d und e r R e g u l a ti on S HO und e r the E x c h a nge A c t a nd a ll t yp e s of d i r e c t a nd i nd ir ec t

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stock pl edges, for w ard sa le contr acts, options, puts, calls, swaps and similar ar r angements (inc luding on a tot al return basis), and sales and other t rans actions through non-US broker d ea lers or foreign r egulated brok ers.

“Sub s e qu e n t F in a n c in g” has t he mean i ng set fo rt h i n Sect i on 4.11. “Sub s e qu e n t F in a n c in g N o t i ce” has t he meaning set forth i n Sect i on 4.11. “Sub s i di a r y” means, as t o t he C o m pany, any “sub s id iary” as d efined i n R u l e 1-

02(x) of the R egulation S-X promulgated by the Commission under the Exchange Act.

“T MLS” h a s t he m ea ning set f o r th i n t he r e c i t a ls.

“Top con” h a s t he m ea ning set f o r th i n t he r e c i t a ls.

“T rading Day” m ea ns (i) a d a y on w hi c h t he C o m mon St o c k i s t ra d e d on a T ra ding M ar k e t, or (i i) i f t he C o m m on St o c k is not quo t e d on a ny T r a d i ng M a r k e t, a d a y on whi c h t he C o mm on St o c k i s qu o t e d in the ov er-th e-c ount e r m ar k e t a s re po r t e d by t he Pi nk S h ee ts L L C (or a ny s imi l a r o r g a n i za t i on or a g e n c y s u cc e e di n g t o i t s f un c t i ons of re po r ti ng pric e s); p r ovid e d, t h a t in t he e v e nt th a t t h e C o m mon St o c k i s not li s t e d or quo t e d a s set f o r t h in (i) a nd (i i) h e r e o f, t h e n T ra d i ng Da y s h a ll m ea n a B us i n e ss D a y.

“T rading Mar k et” m ea ns w h i c h e v e r of the N e w Y or k St o c k Ex c h a ng e, N Y S E A m e x, the NA S D A Q St o c k Ma r k e t (in c lud i ng t he NA S D A Q G lob a l S e l ec t M ar k e t, the NA S DA Q G l ob a l Ma r k e t a nd t he N A S DA Q C a pi t a l M ar k e t) or O TC B u ll e ti n B o ar d on whi c h the C o mm on St o c k is li s t e d or quo t e d f or t ra d i ng on t he d a t e in qu e s ti on.

Agreement.

“T r a n sac t ion Do c u m ent s” m ea ns t h i s A g r e e m e nt a nd t he R e gis t ra t i on Ri gh t s

ARTI CLE 2. P U RCHASE AND SALE

2.1. P u rc h a se a nd S a l e. On t he terms of this Agreement and subj ect to the satisfa cti on (or, to the extent permitted by applic able L aw, wa iver by the p ar ty entitl ed to the be n efit the reof) of the conditions set forth in A r ti c le 5, at the Cl osing, the Investor shall purchase and acquire from the Company, and the Company sha ll issue, se ll and deliver to the Inv estor, the m aximum number of sh ares of C o mmon Stock that the Inv estor may a cquire for an aggre g ate pur cha se pr i ce of $10,000,000, provided, that the tot al nu mber of sha res of Common Stock acqui red pursuant to this S ection 2.1 shall not exceed 19.9% of a ll of the then-is sued and outst anding shares of Common Stock under any circumst a n ces (the total number of shar es acqui red pursuant to this S ection 2.1, the “Ac qui re d Sh a re s”); provided, furthe r, that t he purcha se price per Acquired Share shall be equal to the average of the Nasdaq Off i c i al Closing P rice of the Common Stock (as ref l ec t ed on N asdaq.com) for the five (5) t r ading days imm ediately preceding the da te he r eof. For clarity, if the paym ent of the Purc h ase P rice at the Closing results in the Investor acqui ring more than 19.9% of a ll of the then-issued and outst anding shares of Common Stock, then the Purchase P r ice shall be reduced in such m ann er so as to cause the Inv estor to pu rcha se 19.9% of all of the then-issued and outst anding sha res of Common Stock.

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The purchase and sale of the Acqui red Shares pursuant to this S ec tion 2.1 is refer r ed to as t he “P u rc h as e”. Upon the C losing and the issuance of the Acquired Sha res, the Acquired Sha res sha ll constitute up to 19.9% of all of the the n-issued and outst anding sha r es of Common Stock.

2.2. C los i ng. Subj ect to the t erms and conditions of this Agreement, the Cl osi ng sha ll take pla ce re motely by exc h ange of docum ents and signatures (or the ir elec t ronic count erpa rts) after all of the conditions to Closing set forth in A r ti c le 5 a re either satisfied or waived (other than condi tions which, by the ir na ture, a re to be satisf i ed on the Closing Da t e), or at such other tim e, da te or pla ce as the Investor and the Company m ay mutually agree upon in writing. The da te on which the Closing is to occur is here in re f er r ed to as the “Cl o s in g Da t e.”

2.3.C los i ng D e liv er i e s.

(a)At t he Cl os i ng, the C o m pany shall deli ver or cau se to be deli vered to t he

In v e s t or t he f ol l owing (t he “C o m p a n y De l i v er a bl e s”):

(i)wri t ten confirmat i on t hat t he Acquired S hares h a ve been i s s ued i n book-en try form t o t he I n ves t or; and

(ii)the legal op i nion of C o m pany C ounsel, i n the form attached hereto as Exhibit B, addres sed t o t he I n ves t or.

Comp a ny:

(b)A t t he Cl os i ng, t he I nv e s t or shall d e l i v e r or ca use t o be d e l i v ere d t o the

(i)each ag reement sp ecifi e d i n S ec t i on 5.2(d) du l y s i gned by t he

In v e s t or (c ol l e c t i v e ly, t he “I n v e stor D e l iv er a bl e s”); a nd

(ii) the P urchase P rice, i n Uni ted States do l lars and i n i m mediatel y availab l e funds, by wire transfer t o an account des i gnated i n wri ti ng by t he C o m pany for such purpose.

ARTI CLE 3. REPRESENTATI ONS AND WA RRAN T IES

3.1. R e p re s e n t a t i ons a nd W a r ra nt i e s of t he C omp a ny. The Company h ereby makes the following r epre s ent a tions and w ar r anti es to t he Inv estor as of t he da te hereof and as of the Closing (except to the ext ent made only as of a spe c i f i ed date, in which ca se such repr esenta tion and wa r ranty is m ade as of such da t e):

(a) S ubs i di ar i e s. The C o mpany has no direct or i n d irect S ubs i d iaries other than as specified in t he S EC Reports. Except as d i scl osed i n t he S E C Report s, the C o m pany owns, direct l y or i nd irect l y, al l of t he capi tal s t ock of eac h S ubs i d iary free and cl ear of any and all Liens, and all the is s ued and ou t s tand i ng shares o f capi tal s t ock of each S ubs i d iary are val i d l y is s ued and are ful l y pai d, non-as ses sable and free o f preemp ti ve and s imilar rights.

(b) O r g a ni za tion a nd Qu a li fi ca tion. The C ompany and each S ubs i d iary are duly i ncorporated or o t h e rwise organized, vali dly exis ti ng and in good s tan ding under t he laws o f

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the jurisdi ction of its incorporation or organi zati on (as applicabl e), with the requisite power and author ity to own and use its properti es and a ssets and to carry on its business as currently conduc t ed. Neither the Company nor any Subsi d i ary is in viol a tion of any of the provisions of its respective certi fic a te or arti cles of incorpo ra tion, bylaws or other or g ani zational or c h arter docum ents. The Comp any and each Subsidi a ry are duly qua li f i ed to conduct its respective businesses and a re in good st anding as a foreign corporation or other entity in e a ch jurisdi ction in whi ch the na ture of the business conducted or property owned by it m akes such quali fication necess a ry, except where the failure to be so quali fied or in good st anding, as the case may be, would not, individually or in the aggr egate, h ave or reason ably be expected to result in a Material Adverse E ff e ct.

(c) Autho r i za t i on; En f o r ce m e nt. The C o m pany has the requis it e corpo rate power and authori t y to en ter i n t o and to consu mmate the transacti ons cont em p lated by each of the Transaction Docu ments and o t herwi s e t o carry o ut it s ob l i gat i ons t hereunder. The ex ecu ti on and del i very of each of t he Transact i on D ocuments b y t he C o m pany and the consu mmati on by i t of the transact i ons con tem p lated t hereby have b een du l y au t horized by all neces s ary act i on on t he part of t h e C o m pany an d no furt h e r act i on i s r e qu ired by the C o m pany or any S ubs i d iary i n connect i on t here wi t h. Each Tran sact i on Docum e nt has been (or upon del i very wil l have been) duly executed by the C o mpany and, when del i vered i n accordance wi t h t he terms hereof, will cons t i t u t e t he val i d and bind i ng ob li gat i on of t he C ompany enforceable a gainst the C o m pany i n accordan c e wit h i t s terms, except as s uch enfo r cea b i l i ty may be lim i ted by app licable ban krup tcy, inso l vency, reorgan izat i on, m orat oriu m, li qu i d a t i on or s im i lar laws relati ng t o, or affect i ng generally t he enfo rcem e nt of, cred it ors’ righ t s and remedies or by o t her equi table princi ples of general app licat i on.

(d) No C on f li c ts. The execu ti on, delivery and perfor mance of the Trans act i on Docu men t s by t he C o m pany and t he consu m mat ion by t he C o m pany of the trans acti ons con tem p lated t h ereby d o not and wi ll not (i) conflict wit h or v i o late any p rovis i on of t h e C o m pany’s or any S u bs i d iary’s certificat e or art icles of i ncorpo rat i on, by laws o r oth e r organ izat i onal o r charter docu men t s, or (i i) confl i c t wit h, or cons ti tu t e a defau l t (or an event t hat wi th no tice or lapse of t im e or both would beco m e a defaul t) un der, o r g i v e to oth ers any rights of termi nati on, amend men t, accelerat i on or cancel l a t ion (wi t h or wi thout n o t ice, lapse of t im e or both) of, any agreemen t, credit faci lit y, debt or o t her i ns tru ment (evidencing a C ompany or S ubs i d iary debt or o t her wise) or other unders tan d i ng t o which t he C o m p a ny or any S ubs i diary i s a party or by which any property or as set of the C o m pany or any S ubs i d iary i s bound or affected, or (i i i) resu l t in a vi olat i on of any law, ru le, regulat i on, order, judg ment, in j unct i on, decre e or oth e r res trict i on of any co urt or govern mental authori ty to wh ich t he C o m pany or a S ubs i d iary is sub ject (incl ud i ng federal and s tate securities laws and r e gu lat i ons), or by which a ny property or as set of the C o m pany or a S ubs i d iary i s bound or affecte d; except in t he case o f each of clau ses (i i) and (ii i), such as would no t, i ndiv i dual l y or i n t he ag gregate, have o r reasonably be ex pected t o resu l t in a Material Ad verse Effect.

(e) F ilings, C ons e nts a nd App r ov a ls. Nei t her the C ompany nor any S ubs i d iary is required t o ob tai n any consent, wai ver, authorizat i on or order of, g i ve a ny no tice t o, or make any fi li ng or regis trat i on wi th, any Uni ted States court or o t her feder al, s tate, l ocal or o t her govern mental au t horit y or o t her Person i n c onnect i on with t he execution, del i very and performa nce by t he C o m pany of t he Transacti o n Documents, o t her t han (i) t he fili ng wi t h the

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Commission of one or m o r e Re gistra tion State m e nts in acc o r d a n c e with the requireme nts o f the Re gistra tion Rights A g reeme nt, (ii) f ilings re qui r e d by sta te s ec u r itie s laws, (iii) the filing of a N oti c e of Sale of Se c u r itie s on F o r m D with the C ommission und e r Re gula tion D of the Sec u r itie s Ac t, (iv) the f ilings re qui re d in acc o r d a n c e with S ec t i on 4.5 h ere o f, a nd (v) those th a t h a ve b ee n m a de or obt a in e d p rior to the d a te of this Ag reement.

(f) I s s u a n c e of the S ec u r iti e s. The Acquired S hares have been duly authorized and, when i ssued and p ai d for in accordan c e wi t h the Trans act i on Docu men t s, wi l l be du l y and val i dly is s ued, fully paid and nonas ses sab le, free a nd clear of all Liens. The C o m pany has reserved from i t s duly au t horized cap ital s t ock the s hares of C o mm on St ock i s s uab l e pursuant t o th i s Agreement i n order to i s s ue the Acqu ired S hares.

(g) C a pi t a l i za tion. The nu m ber of s hares and type of all authorized, issued and outs tanding capi tal s t ock of t he C o m pany, and all shares of C o mm on St ock reserved for i s s uance under the C o m pany’s var i ous op ti on and i ncen t ive p lans, i s specified in S c h e dule 3.1(g). Ex cept as specified in S c h e du l e 3.1(g), no s ecuri ties of t h e C o m pany ar e en t i tled t o preemp t ive or s imilar rights, and no Person has any right of first refusa l, preemp ti ve ri gh t, right of part ici pati on, or any s imilar right to part icipat e i n t he trans act i ons cont em p lated by the Tran sact i on Documents. Ex cept as disclosed i n t he S EC Reports, t here ar e no ou t s tand i ng op t ions, warrant s, scri p ri gh t s t o subscri be t o, call s or com mit ments of any charact e r whatsoever relat i ng t o, or securi ties, righ t s or obl i gat i ons convert i b l e in t o or exchan geable for, or g i v i ng any Person any right to sub scribe for or acquire, any sh ares of C o m mon St ock, o r contracts, com mitmen t s, unders tandings or arran gements by which t h e C o m pany or any S ubs i d iary is or may b eco m e b o und t o issue addi t ional shares o f C o mm on S to c k, or securities o r righ t s convert i ble or exchan geable in t o s hares of C o mm on St ock t hat, i f e xercised, would ma terial l y affect the capi tal izati on of the C o m pany as set forth in such S EC Repo rt s. The i ssue and sa l e of t he Acquired S hares will no t, immed iately or wi th t he pas sage of t im e, ob l igate t he C o mpany t o i s s ue shares of C om m on St ock or C o mm on St ock Equ i valents t o any Person (ot h er than t h e I n vestor) and will not resu l t i n a ri g ht of any hold e r of C o m pany securi ties t o adjust t he ex ercise, co nvers i on, exchange o r reset price under s uch securi ties.

(h) S EC R e po r t s; F in a n c i a l S t a tem e nts. The C o m pany has filed all reports requ ired t o be fi led by i t under t he Securi t ies Act and t he Exchange Act, i ncl ud i ng pursuant t o Secti on 13(a) or 1 5(d) t hereof, for t he t wel ve m o n t hs preceding t he date hereof (or such sh orter peri od as t he C o m pany was requi red by law t o fil e such reports) (t h e fo rego i ng materials being col lecti vel y referred t o herein as t he “SE C R e p o rt s” and, t ogether wi t h t he Schedules t o t h i s Agreement (i f any), the “D i scl o s u r e M a ter ia l s”) on a t i mely bas i s or has t i mely filed a val i d extens i on of such tim e of fil ing and has filed any s uch S EC Reports pri o r t o t he expirati on of any such ex tens i on. As of t heir resp ective dates, t he S EC Reports comp lied i n all material resp ects wi th t he requ irements of the Securi ties Act and t he Exchange Act and t he r ules and regulations of the C o mm is s ion promu l gated thereund er, and none of the S EC Report s, when filed, contained any untrue s tatement of a material fact or o mit ted to s tat e a material fact requi red t o be s tated t herein or neces sary i n order t o make t he s tatements therein, i n li ght of t he circums tances under wh ich they wer e made, not mi s leading. The fi nancial s tatements of the C o m pan y i ncl uded i n t he S EC Report s com pl y i n all m a terial respect s wi th appl icable accounting requi rements and the ru les and regu lat i ons of the C o mm i s s ion with respect thereto as i n effect at t he tim e of fil i ng. S uch fi nancial s tatemen t s have been p r e pared in accordan c e wi t h GAAP applied on a con s i s tent bas i s dur i ng the

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per iods involved, exc ept as m ay be othe rwise spe cified in such fina n cial s t atements or the not es thereto, and fa i r ly present in all m aterial respects the financial position of the Company and its consolida t ed Subsidi aries as of and for the dates thereof and the results of opera tions and cash flows for t he pe riods then ended, subj ect, in the ca se of un audit ed s t atements, to normal, imm ater i a l, yea r-end aud it adjustm ents.

(i) P re ss R e l ea s e s. The p r e ss releases dis sem i nated by t he C o m pany during the twelve mon t hs preced i ng the date of t h i s Agreement taken as a whole do not contain any untrue s tatement of a material fact or om i t t o s tate a material fact requi red to be s tated t herein or neces sary in order to make the s tat e men t s therei n, in l i ght of t he circums tan ces under which they wer e made and when made, not mi s leading.

(j) M a t er i a l C h a ng e s. Si nce t he date of t he latest au d ited fi nancial s tatements incl uded wit h i n the S EC Report s, except as specifical ly discl osed in the S E C Reports, (i) t here has been no even t, occu rren c e or develop ment t hat has had or t hat wou l d reasonably be expected t o resu l t i n a Material Adv e rse Effect, (ii) nei t her t h e C o m pany nor any S ubs i diary has i ncurred any l iabi lities (direct, i nd irect, cont i ngent, or otherwise) o t her t han (A) t rade payab les, accrued expenses and o t her liabi lit ies i ncurred in t he ord i nary cours e of bus i ness cons i s tent wi t h past pract ice and (B) l iabi lities not required t o be r eflected i n t he C o m pany’s fi nancial s tatements pursuant t o GAAP or required t o be disclo sed i n fi li ngs made wi t h t he C om mi s s i on, (i i i) the C o m pany has not altered i ts met hod of accoun ti ng or the identi t y of i t s auditors, (iv) the C o m pany has not declared or made any div i dend or dis tribu t i on of cash or ot h er prop ert y t o i ts s t ockholders or purchased, redeemed or made any agreements to purchase or red eem a ny shares of i ts capi tal s t ock, and (v) t he C o m pany has not i s s ued any e qu i ty securi ties t o any C o m pany or S ubs i d iary officer, d irector or A f fi liate, ex cept pursuant t o exis ti ng C ompany s t ock op t ion p lans. T h e C o m pany does not have pending before t h e C o m m i ss i on any req uest for c onfi den tial treat ment of informati on.

(k) Litig a tion. There is no Act i on wh ich (i) adv e rsely affects or chal len ges t he legal it y, val i d it y or enfo rceabi l i t y of any of the T ransacti on Documents or t he Acqu ired S h ares or (ii) except as specifical l y d i sclosed i n t he S EC Reports, wou l d, if t here were an unfav orable deci s i on, i nd i v i duall y or i n t he aggregate, hav e or reasonably be ex pected t o resu l t i n a Material Adverse E ffect. To the knowledge of t he C ompany, neither the C o m pany n or any S ubs i d iary, nor any d irector or o fficer t hereof (in h i s or h e r cap aci t y as such), i s or has been t he sub ject of any Act i on invo l ving a claim of vio lat i on of or l iabi l i t y under fed eral or s tat e sec uri ties laws or a claim of breach of fi d uciary d u t y, except as sp ecifical l y d i sc l osed i n t he S EC Reports. Ther e has not been, and t o t he knowledge of the C o m pany, t here i s not pending any i nvest i gat i on by the C o mmi s s ion i nv o l vi ng t h e C o m pany or any curr e nt or former d irect or o r officer of t he C o m pany (in h i s or her cap acity a s such). The C o mm iss i on has not i ssued any stop order or o t her order suspending the effect i veness of any regis tration s t a tement fi led by the C o m pany or any S ubs i d iary under t he Exchange Act or the Securi ties Act.

(l) L a bor R e l a tions. No material labor dispu t e ex i s t s or, t o t he know ledge of the C o m pany, is immi nent wi t h respect to any of t h e em p l oyees o f t he C om pany or any S ubs i d iary.

(m) C omp l i a n ce. Nei t h e r t he C o m pany nor any S ubs i d iary (i) is i n default under or in v i o lati on of (and no event has occu rred that has not b een wai v ed that, wit h not ice or lapse of

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time or both, would result in a default by the Company or any Subsidi a ry under), nor has the Company or any Subsidi ary r e c e ived noti ce of a cla im that it is in de fault under or that it is in viol ation of, any indentur e, loan or credit agr e eme nt or any other a g ree m ent or inst rum ent to whi ch it is a party or by whi ch it or any of its proper ties is bound (whether or not such default or viol ation has be en w aived), (ii) is in violation of any or d er of any court, arbit ra t or or government al body, or (iii) is or has been in violation of any st atut e, rule or regulation of any governm ental authority, inc luding without lim it ation all foreign, f ede r al, st a te and loc al laws relating to t axes, envi ronm ent al prot ec ti on, occupational health and safe ty, product qu ality and safety and employment and labor matt ers, except in e a ch ca se as would not, individually or in the aggregate, have or r e asonably be expected to result in a Material Adv erse Ef f ec t. The Company is in compliance with a ll ef f e ctive requir e m ents of the S arbanes-Oxley A ct of 2002, as a m end ed, and the rules and regul ations thereunder, th at are applicable to it, except where such noncompli ance would not have or r eason ably be expe cted to result in a Ma t erial Adv erse Ef fect.

(n) R e gulato r y P er m i ts. T he C ompany and t he S ubs i d iaries pos sess all cert ifi cates, auth orizatio n s and permi t s i s sued by t he ap propriat e Uni ted States federal, s tate, l ocal or foreign regulat ory au t horities neces sary t o co n duct t heir respecti ve bus i nes ses as descri bed i n the S EC Report s, except where the fai l ure t o possess such permi t s wou l d not, i nd i v i dual l y or i n the agg regate, have o r r easonably be exp ected t o resu l t i n a Material Ad verse E ffect, and neit h e r the C o m pany nor any S u bs i d iary has received any not ice of proceedi n gs relat i ng to t he revocat i on or m odificati on of any s uch perm it s.

(o) Title t o As s e ts. The C o mpany and t he S ubs i d iaries have vali d land use rights for all real propert y t hat i s material t o t hei r respect i ve bus i nes ses a n d good and marketable t itl e in all personal pro pert y owned by t hem that is material t o t heir res pect i ve bus i nes ses, i n each case free and clear of all L iens, except for L iens a s do not material l y i n terfere wi t h t he use made and proposed to b e made of such pro perty by t h e C o m pany and t he S ubs i d i aries. Any real pro perty and facil ities held under lease by t he C o m pany an d the S ubs i d iaries are hel d by t hem under val i d, subs i s ti ng and enforceab l e leases of which the C o mpany and t he S ubs i d iaries are i n compl iance, except as would no t, i nd i v i dual l y or i n t he aggregate, have or reaso nably be expected t o result i n a Material Ad verse Effe c t.

(p) P a tents a nd T r a d e m a rks. The C o m pany and t he S ubs i d iaries have, or have rights t o use, all patents, patent appl icat ions, trademarks, trademark appl icat i ons, serv ice marks, trade names, cop y ri g h t s, l icenses and o t her s imilar righ t s t hat are neces sar y or material for use i n connect i on wit h their res pecti ve bus i nes ses as described in the S EC Report s and wh ich the fai l ure to so have would, ind i v i dual l y or i n t he agg regate, have o r reasonably b e expected to resu l t i n a Material Ad verse Effect (col lect i vel y, the “I n t e l l e c t u al P r o p ert y Rig h t s”). Nei t her the C o m pany nor any S ubs i d iary has received a wri t ten not ice t hat t he I n tel lectual Prop ert y R igh t s used by t h e C o m pany or any S ubs i d iary vi olates or i nfri n ges u pon t he ri gh t s o f any Pers on. Ex cept as set forth in t he S EC Report s, to t he knowledge of t he C o m pany, all such I n tel lectual Propert y Ri gh t s are enforceable and th ere i s no ex i s ti ng i nfringemen t by another P erson of a ny of t he I n tel lect u al Propert y R igh t s.

(q) I ns u ra n c e. The C o m pany and t he S ubs i diaries are i nsured by i nsurers of recogni zed financial res pons i bi lit y against such l osses and risks and i n such am o un t s as are reasonab l e and cus t o mary i n t he bus i nes ses i n which t he C o m pany an d t he S ubs i d iaries are

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engaged. T h e C o m pany has no reason t o bel iev e t hat i t wi l l not be able t o renew i ts and t he S ubs i d iaries’ exi sti ng insurance cov e rage as and when such co verag e exp ires or t o ob tain s imilar coverag e from s im i lar i n surers as may b e n eces s ary to cont i nue it s bus i ness on term s cons i s tent wi th market for the C o m pany’s and such S ubs i di a ries’ res pect i ve l i nes of b us i nes s.

(r) T ra ns ac tions W i t h A ff ili a t e s a nd E m ploy ee s. Except as set fort h in t h e S EC Report s, none of t he o fficers o r dir ect o rs of t h e C o m pany and, to the kno w ledge of t h e C o m pany, none of t he emp l oyees or s i gn i ficant s t o c khold ers of t h e C o m pany i s p resently a party t o any transact i on with t he C ompany or any S ubs i diary (other t han for servi ce s as em pl oyees, offic e rs and direct ors), i ncl ud i ng any con tract, ag reement o r o t her arran gement provid i ng for the furnish i ng of services t o or by, pro v i d i ng for ren tal of real or personal pro pert y t o or from, or other wise requ iri ng pay ments t o o r from any o fficer, director, em p l oy e e or such s t ockho l der or, t o t he knowledge of the C o m p a ny, any ent it y i n which any officer, di rector, or an y such emp l oyee has a subs tant ial i n terest or is a n officer, d irector, trus tee or partner.

(s) I nt e r n a l A c c ounting C on t r ol s. The C o m pany and t he S ubs i d iaries mai ntai n a system of i nternal accoun ti ng controls suf ficient t o provide reas o nab l e as s urance that (i) trans acti ons are ex ecu ted i n accordance wi th managemen t’s general or specific au t horizat ions, (ii) transact i ons ar e re c orded as n eces s ary to perm i t preparati on of fi nancial s tatements i n conform it y wi t h G A AP a nd to mai n tai n as set acco un tabi li ty, (i ii) access to as sets is p ermit ted on l y in accordance wi t h ma nagemen t’s gen eral o r specifi c au t horization, and (i v) t he recorded accountabi lit y for as set s i s compared wi th t h e exis ti ng as sets at re a sonab l e i n tervals and appropriate act i on i s t a ken wit h respect t o an y differen ces. The C o m pany has es tabl i shed disclo s ure contro l s and procedu res (as defi ned in Exchange Act R u les 13a-15(e) and 15d-1 5(e)) for t he C o m pany and des i gned such disclosure controls and procedures t o ensure t hat material informati on relat i ng t o t h e C ompany, incl ud i ng it s S ubs i d iaries, is made k n own to the certify i ng officers by o t hers wi t h i n t hose enti ties, part icularly during t he period i n which t he C o m pany’s Form 10-K or 10-Q, as t he case may be, is being prepared. The C o m pany’s certify i ng officers have eval uated t he effecti veness of the C ompan y’s controls and pro cedu res i n accordan c e wi t h I tem 307 of Regulat i on S-K under the Exchange Act for the C o m pany’s m o st recen tl y ended fi scal quarter o r fi s cal year-end (such date, the “E va lu a t i on Da te”). T h e C ompan y presented in its most recently fi led Form 10-K or Form 10-Q t he co nclus i ons of t he cert ify i ng officers about t he effect i veness of t he d i sclosure con trols and p r ocedures based on their evaluations as of t he Eval uati on Date. Si nce t he Eval u ation Date, t here hav e been no s i gn ificant changes i n t he C o m pany’s i n ternal con tro l s (as such te rm i s defi ned i n I tem 308(c) of R e gu lati on S-K under t he Exchange Act) or, t o t he C o m pany’s knowled ge, i n o t her factors t hat would reaso nab l y be expected to si gn ifi can tl y affect t he C o m pany’s i n ternal controls.

(t) S olv e n c y. Based on t he financial cond iti on of t he C o m pany as of the Cl os i ng Dat e (and assu m ing t hat the Cl os i ng shall have o ccurred), (i) t he C o m pany’s fair saleab l e value of it s as set s ex cee ds t he amount t hat wi l l be requi red t o be paid o n or i n res pect of t he C o m pany’s exi sti ng deb t s and other l iabi l i ties (i ncluding known co n ti ngent liab il i ties) as t hey mat ure, (i i) the C ompan y’s as sets do not cons tit u t e unreasonably s mall capital t o carry on i ts bus i ness as now conducted and as propo sed to be conducted incl ud i ng it s cap ital needs taki n g in t o account t he part icul a r cap ital requirements of the bus i ness conducted by t he C o m pany, and pro jected capi tal requi r e men t s and capi tal avai lab i lit y t hereof, and (i ii) the current cash fl ow of t h e C o m pany, t ogether wit h t he proceeds the C ompany wou l d receive, wer e i t t o li qu i date all of it s

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as sets, aft e r taking i n t o account all an tici pated u ses of t he cash, would b e sufficient to pay all amoun t s on or i n resp ect of it s debt when such am oun t s are requ ired t o b e pai d. The C o m pany does not i ntend t o i ncur debts beyond i ts abil it y t o pay such deb t s as t hey mature (tak i ng i n t o account t he t imi ng and a m ounts of cash t o be payable on or in res pect of i t s deb t).

(u) B rok er s. No bro kerag e or fin der’s fees or co mm is si ons are or wi l l be payab l e by t he C o m pany t o any broker, financial advisor or consu l tant, fi n der, p lacement agent, inves tment banker, bank or o t h e r Person wi t h re spect t o t he tran sacti ons contemp lated by t h i s Agreement or any ot h er Transacti on Document based upon arrangemen t s made by or on behal f o f the C o m pany.

(v) C er t a in R e gis t ra tion M a t t er s. As s u m ing t he a ccuracy of t he I nves t o r’s represen tat i ons and war ranties set forth in S ec t i on 3.2, no regis trat i on under t he Securi ties Act i s requ ired for t he o ffe r an d sale o f t he Acqu ired S hares un der t he Trans act i on Documents. The C o m pany i s el i g i b l e t o regis ter i t s C om m on St ock for resal e by t h e I n ves t or under F orm S-3 pro m ulgated under the Securi ties Act, sub ject t o the res trict i ons im posed by t he S EC wi t h respect to t he nu m ber of shares which may b e registered for resale on such form. Except as set forth i n S c h e dule 3.1(v), the C o m pany has not granted o r agreed t o grant to any Person, o t her t han t he I n ves t or pursuant to t h e Reg i s trati on Ri ghts Agreement, any righ t s (includ i ng “piggyback” reg i s trat i on rights) t o have any securi ties of the C o m pany regis tered wi t h t he C o mmi s s ion or any other govern mental au t hori t y t hat have not b een sat isfied through an effect i ve reg i s trat i on s tatement or by waiv e r of such ri gh t s t o the ex tent specified in S c h e du l e 3.1(v).

(w) I n v e st m e nt C o m p a ny. T he C o m pany i s no t, and i s not an Affi liat e of, and i mmediatel y fol l owi ng t he C los i ng wi l l not have become, an “invest ment company” wi t h i n the meaning of t he I n ves tment C ompany Act of 1940, as amended.

(x) Appli ca tion of T a k e o v e r P r ot ec tions. The C o m pany has taken al l neces sary acti on, i f any, in order t o render i nappl icable any c on trol share acquis iti on, bus i ness co m b i nati on, poison pi l l (includ i ng any d i s tribu ti on under a ri g h t s agreement) or o t her s im i lar ant i-takeover prov i s i on under the C ompany’s Articles of I n c orporati on (or s imi lar charter d ocuments) o r t he laws of i ts s tate of i ncorporat i on t hat is or would become appli cable t o t he Inves t or as a result of the I n ves t or and t he C ompany fu lfilli ng their o bl i gat i ons or exercis i ng t heir righ t s under t he Transaction Documents, i ncl u d i ng wit hout l i m i tat ion t he C o m pany’s i s s uance of the Acquire d S hares and the Inves t or’s ownersh i p of the Acqui red S hares.

(y) No Addi t ion a l Ag ree m e n t s. The Co m pany does n ot have any agreement or unders tand i ng wi t h the Inves t or wit h respect t o t he transacti ons contemp lated by t he Trans act i on Docu men t s o t her than as specified in the T ransact i on Documen t s.

(z) C onsu lt a t i on with Audito r s. T h e C ompany has consu lted it s indepen den t aud it ors con cern i ng t he accoun t ing treat ment of t h e tran sacti ons con temp lated by t h e Tra nsact i on Docu men t s, and i n connecti on t herewi t h has furnished such auditors c o m plete cop ies of t he Transaction D ocu ments.

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(aa) A cc ount a nts. Th ere are no d i sagreements of an y k i nd present l y ex i s ti ng between t he accoun tants formerly or present l y em p l oyed by the C o mpany, t hat wou l d, ind i v i duall y or i n the aggregate, hav e or reaso nably be ex pect e d t o resu l t i n, a Material Adverse Effect.

(bb) F o re ign C o rr upt P r ac t i c e s A c t. Neither the C o m pany nor any S ubs i d iary, nor t o t he kn o wledge of t he C o m pany, any agent or o t her person acting o n behalf of any of t he C o m pany or any S ubs i d i ary, has, direct l y or ind irect ly, (i) used any funds, or wi l l use any proceeds from t he sale of t he Securities, for unl awful contri but i ons, gifts, en tertain ment or o t h e r un lawful expenses related to fore i gn or do mes ti c po lit ica l act i vi t y, (i i) made any unlawful payment t o foreign or do mes ti c go vern ment o fficial s or em p loyees or t o any forei gn or do mes ti c po l i tical parties or cam paigns fro m corporat e funds, (i ii) fai led t o disclo s e fu l ly any contri bu t ion made by the C o m pany or any S u bs i d iary (or made by an y Person acting on t heir behalf of wh ich t he C o m pany i s aware) wh ic h is i n v i o lati on of law, or (i v) has v i o lated i n an y material resp ect any prov i s i on of t he F orei gn C orrupt Pract ices Act of 1977, as amen ded, and t h e ru les and regulat i ons thereund er.

(cc) PF I C. Nei t her t he C o m pany nor any S ubs i d iary i s or i n tends t o become a “pas si ve foreign i nves tment company” with i n t he meaning of Secti on 12 9 7 of the U.S. I n ternal Revenue C ode of 1986, a s amended.

(dd) O F A C. Nei t her t he C o m pany nor any S ubs i d iary nor, t o t he knowledge o f the C o m pany, any d irector, officer, agent, employee, Affil iate or Person act i ng on behal f of t he C o m pany or any S ubs i d iary i s currently sub ject t o any U.S. sanct i ons ad mi n i s tered by t he Offi c e of Fo reign As set s C on tro l of the U.S. Treasury De part ment (“O F A C”); and t h e C o m pany will not direct l y or i nd irectl y use the pro ceeds o f t h e sale o f the Securit ies, or lend, c on tribu t e or oth erwi se make avai lable such proceeds to any S ubs i d iary, j oint vent u re partner or o t her Person or ent it y, towards any sales o r o perations i n C uba, Iran, S yria, S udan, Myanm a r or any o t her country sancti oned by OFAC o r f or t he purpo s e of fi nanci ng t he act i v it ies of any Person current l y sub ject to any U.S. sancti ons ad mi n i s tered by OFAC.

(ee) Mon e y L a und er ing L a w s. The operat ions of each of t he C o m pany and any S ubs i d iary are and have been cond ucted at all times in comp liance w it h t he m oney laundering s tat utes of appl icable j urisd ict i ons, t he rules and re gulat i ons t hereunder and any related or s imilar ru les, regu lati ons or gu i delines, i s s ued, adm i n i s tered or en forced by any ap p l icab l e govern mental agency (co llect i vely, t he “M o n e y L a und er i n g L a w s”) and no act ion, su i t or proceed i ng by or before any court or g o vernmental agency, aut h ori t y or body or any ar b itrator i nvolv i ng t he C o m pany and/or any S ubs i d iary wi t h res pect to t h e Money Laund eri ng L a ws is pending or, to t he knowledge of the C o m p a ny, t hreatened.

(ff) Dis c losure of Mat e r i a l, Non-P ublic I n f o r m a tion. To t he knowledge of t h e C o m pany, neither i t nor a ny Person act ing on i ts behal f has provided t he I n vestor or i ts respect i ve agen t s or counsel wi t h any i n formati on t hat the C o mpany believes cons t i t u tes material, non-publ i c informati on concerning t he C ompany, the S ubsidiaries or t heir resp ective bus i nes ses, except insofar as t h e exis ten c e and term s of t he prop o sed trans actions contem p lated hereunder may cons t i t u t e such i nformati on.

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3.2. R e p re s e n t a t i ons a nd Wa r ra n t i e s of the I n v e s t o r. The Investor he reby ma kes the follow ing repr esenta tions and w ar r anti es to the Company as of t he da te hereof and as of the Closing (except to the ext ent made only as of a spe c i f i ed date, in which ca se such repr esenta tion and wa r ranty is m ade as of such da t e):

(a) O r g a ni za tion; Authori t y. The I nves t or i s an ent it y duly organ ized, vali d l y exis ti ng and in good s tanding under t h e laws of the State of Delaware with t he requis it e corporat e power and au t horit y t o en ter i nto and to con s u mmate t he transact i ons con temp lated by t he app licab l e Trans act i on Docu ments and o t herwi s e t o carry out it s obl i g a ti ons t hereunder. The execut i on, deli very and performance by t h e I n ves t or of t he transact i ons contemp lated by t h i s Agreement has been duly authorized by all neces sary corp orate act i on on the part of t he I nves t or. Each of t h i s Ag reement and t he Reg i s trat i on Ri gh t s Agreement has been du l y executed by t he I n ves t or, and when del i vered by t he I n ves t or in accordance wi t h t he terms hereof, wi l l cons ti tu t e the val i d and legal l y b i n d i ng ob li gat i on of t he I n ves t or, enforceable agai n st i t i n accordan c e wi t h i t s terms, except as su c h enfo rceab ilit y may be l i m ited by app licable bankruptcy, i nso l vency, reorgan izat i on, m orat ori u m, li qu i dat i on or s i m i lar laws relat i ng t o, or affect i ng general l y t he enforcement of, credi t ors’ righ t s and remedies or by o t her equi tab l e pri n ciples of general app licati on.

(b) I n v e st m e nt I n t e nt. T h e I n ves t or i s acquiring t he Acquired S h ares for it s own account for i nves tment purposes on l y and n o t wi t h a v iew to or for d i s tribu t ing or resel li ng such Acquired S hares or any part thereof, wi t hout prejud ice, however, to the I n ves t or’s ri g ht at al l t imes t o sel l or o t herwi s e dispo s e of all or any part of such Acqu ired S hares i n com pliance wi t h app licab l e federal and s tat e securi ties laws. S u bject t o t he i m mediatel y preceding sen ten ce, noth i ng contained herein shall be deemed a rep resentat i on or warranty by t he I n ves t or t o hold the Securities for any period of ti me. T h e I n ves t or d oes not have any ag reement or und e rs tanding, direct l y or i nd irectly, wi t h any Person t o d i s t ribute any of the A c qu ired S h ares.

(c) I n v e stor S t a tus. At the t im e t he I nves t or was offered t he Acqui red S hares, it was, and at t h e date hereof i t i s, an “accredit e d inves t or” as defined i n R u l e 501(a) un der t h e Securities Act. The Inv e s t or i s not a regis tered b r oker-d ealer under Sect i on 15 of t he Exchan g e Act. T h e Inves t or has s uch ex perience i n bus i ness and financial mat ter s t hat i t i s capable o f eval uat i ng t he m eri t s a nd risks of an i n ves tment in t he Acqui red S hares. The I n ves t or acknowled ges that an in ves tment in the Acquired S hares is speculat i ve and invo l ves a high degre e of risk.

(d) G e n e r a l S oli c it a tion. The I nves t or is not purchas i ng the Acqu ired S hares as a resu l t of any ad verti se ment, article, not ice or o t h e r com m un icat i on reg ard i ng t he Acqu ired S hares publ i shed i n any newspaper, magazine or s i m ilar media or broadcast over telev i s i on or radio or presented at any sem i nar or any other general so lici tat i on or general advert i semen t.

(e) A cce ss to I n f o r m a t i on. The I n ves t or acknowled ge s t h at it has reviewed the Di scl osure Materials an d has b een afforded (i) t he opport un it y t o ask s uch ques ti ons as i t has deemed neces sary of, and t o receive ans wers from, represen tat i ves o f the C ompany con cern i ng t h e term s and cond iti ons of t he offe ring of t he Acqui red S hares and t he meri t s and risks of i nves ti ng in t he Acquired S hares; (i i) access t o i nfo rmati on about t he C o m pany and the S ubs i diaries and thei r resp ect i ve financial condi ti on, resu lt s of operat i ons, bus i ness, propert ies, management and

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prospects sufficient to e n able it to evaluate its inv estment; and (iii) the opportunity to obtain such additional information t h at the Company poss ess es or c an acquire w ithout unreasonable e ffort or expense that is ne c ess ary to m ake an infor m ed investment decision with respect to the investment. Neither such inqui ries nor any other investigation conducted by or on beha lf of the Inv estor or its repre s ent atives or counsel shall modi fy, amend or aff e ct the Inv estor’s right to rely on the truth, accur acy and compl eten ess of the Disclosure M a t er i als and the Compa ny’s repr esentations and war r anti es contained in the Transa ction Documen ts.

(f) C er t a in T ra d i ng A c t i viti e s. The Inves t or has not d irect l y or i nd irectly, nor has any Person acti ng on behal f of or pursuant t o any understandi n g wi t h t h e I n ves t or, engaged in any trans act i ons i n t he s ecuri t ies of t he C ompany (i n c l uding, wit hout l i mi tat i ons, any S hort Sales invo l v i ng t he C ompany’s securit ies) s i nce t he t i m e t hat t he Inves t or was first cont acted by t he C o m pany reg ard i ng an i n ves tment i n t he C o m pan y. The I n ves t or co venan t s that neither it nor any Person act i ng on i t s behal f or pursuant to any und e r s tanding wit h i t will eng a ge in any trans acti ons in t he securi ties of the C o m pany (i nclud i ng S h ort Sales) pri or t o t he ti me that t he transacti ons con tem p lated by t h i s Ag reement ar e publ icly d i scl osed.

(g) Ad e qu ac y of F unds. T he I n ves t or, as of t h e E ffect i ve Ti me, wil l hav e, adequate financial resou rces to sat i sfy i ts m onetary and o t her ob li gat i ons under t h i s Agreement, incl uding the payment of t he P urchas e P rice f o r t he Acquired S h a res and all fees an d expen ses incurred by the Inves t or i n connect i on wi t h or rela ted t o consu mmati on of t he P urchase.

The Company acknow l edges and a g rees that the Inv estor has not m ade nor m akes any repre s ent ations or wa r ra n ti es w ith resp ect to the tr ansactions contempl ated h ereby other th an those spec i f i cally set fo r th in this S ec tion 3.2.

ARTI CLE 4.

OTHER AGR EEMEN T S OF THE PAR T I ES

4.1.T ra nsf e r; C er ti f i ca t e s.

(a) The Acqui red S hares may only be disposed of in co m p l ian c e wi t h app licab l e s tat e and federal securi ties laws. In co n nect i on wi t h any trans fer of the Acquired S h ares other than pursuant t o an effect i ve regis trat i on s tatement, t o t he C o m pany, to an Affil iate of t he I n ves t or or i n conn ect i on wi t h a p ledge as con temp lated i n S ec tion 4.1(b), t he C o m pany may requ ire t he transf eror t h ereof t o provi d e to t he Com p any an op i nion of c ounsel selected by the transfero r to the effect t hat such trans fer d oes not requ ire regis t rat i on of su c h transferred Acquired S hares under t h e Securi t ies A c t.

(b) Certificates ev i dencing t he Acqui red S hares wi l l contain t he fol l owing legend, un ti l such ti m e as t hey are not required u n der S ec t ion 4.1(c):

THE SHA RES H AVE NOT BEEN REG I STE RED W I TH THE SECUR I T IES AND EXC HANGE COMM I SS I ON OR THE SECUR I T IES C OMM I SS ION OF ANY STATE IN REL IAN CE U PON AN EXEMPT I ON F ROM REG I STR A T ION UNDER THE SECUR I T IES A CT OF 1933, AS AMENDED (THE

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“S ECUR I TIES A C T”), AND, ACC O R DINGL Y, MAY NOT B E OF F ERED OR S OLD EXC E P T PURS UANT TO AN EFFEC T IVE R EGI S TRATION S T A TEMENT UNDER T H E S E C U R I T I ES AC T OR P URSUANT TO AN AVA I LAB L E EXEM P T ION FR OM, OR I N A TR A N SAC T I O N NOT S U B JE C T TO, THE R EGI S TRATION R EQU I REMENTS O F THE S E C U R I T I ES AC T AND I N A CC O R D ANC E W I TH A PP L I C A B LE S TATE S ECU R I T I ES LAWS AS EVIDENC ED B Y A LEGAL O PIN I O N OF C OUNS EL TO T HE TRANSFEROR TO S U C H E FF ECT.

(c) Certificates evidencing t he Acqui red S hares shal l not contain any legend (incl ud i ng t he legend set fort h in S ec tion 4.1(b)): (i) wh il e a regis t rat i on s tatement (includ i ng t he Regi stration Statement) c overi ng such Acqui red S hares i s t hen effect i ve, or (ii) fol l owi ng a sal e or transfer o f such Acqu ired S hares pursuant to R u l e 144 (as s u m ing t he trans feree is not an Affi liate of t he C o m pany), or (i ii) wh il e such Acquired S h ares are elig i b l e for sa l e b y t he I n ves t or wit hout volu m e res trict i ons und e r R u l e 144. T h e C o m p a ny agrees t hat fol l owing t he Effect i ve Date o r such o t her t im e as legen ds are no l ong e r requir e d t o be set forth on cert i ficates rep resenting t he Acquired S hares under t h i s S ec t i on 4.1(c), i t will, no longer than t h r e e Trad i ng Days fol l owing t he del i very by t he I nves t or t o t he C o m pany or it s t ransfer agent o f a cert ificate representing such Acquired S hares con tain i ng a res tricti ve legend, deli ver or cause t o b e del i vered t o such i n ves t or Acquired S hares wh ich ar e free of all res trict i ve an d other legends. I f the C o m pany is then el i g i b l e, cert ifi cates fo r t he Acqu ired S hares sub j ect t o legend removal h e reund e r s hall be t rans mitted by the C o m pany or i t s tran sfer agent t o t he Inves t or by credi ti ng t he pri m e b r okerage account of t he I n ves t or wi t h t he Depos it ory Trust C o m pany S ys tem as d i r ected by t he I n ves t or. I f t h e I nves t or shal l make a sal e or tran sfer o f Acquired S hares ei t her (x) pursuant t o R ule 144 or (y) pursuant t o a regi stration s tatement a nd in each case shal l hav e del i vered t o t he C o m p a ny or t he C o m pany’s transfer agent t he cert i fi cate represent i ng t he appl icable Acqui red S hares c on tai n i ng a res trict i ve legend wh ich are t h e sub ject of such sal e or trans f e r and a rep resen tat i on let ter in cus t omary form (the date of such sal e or transf e r and Acquired S h ares del i very being t he “S h a r e De liv er y D a te”) and (1) t he C o m pany s hall fail t o del i ver or cau se to be delivered t o t he I n ves t or a certifi cate represen ti ng such Acqu ired S hares t hat is free f r om all res trict i ve or o t h e r legends by the th ird Trad i ng Day fo ll owing t h e S hare Deli very Dat e an d (2) fo ll owi ng such th ird Trad i ng Day a fter t he S hare Deli very Dat e and prior t o t he tim e such Ac qu ired S hares ar e recei v e d free from res trict i ve legends, the I nves t or, or any t h ird part y on behalf of t he I n ves t or, purchases (i n an open market transact i on or o t herwi s e) shares of C o mm on St ock to deliver in satisfact i on of a sale by the I nvestor of such Acqui red S h ares (a “Bu y-I n”), then, in ad d iti on t o any oth e r ri gh t s a vailab l e to the I n vestor under t he Trans act ion Docu men t s and appl icab l e law, t he C o m pany shall pay i n cash t o the I n ves t or (for cos t s i n curr e d eit her direct l y by such Inves t or or on behalf of a th ird part y) the amount by which t he t o tal pu rchase pric e paid f o r C om m on St ock as a resu l t of t he B uy-I n (includ i ng brokerag e com mi ss i ons, if any) exceeds the pro ceeds recei v ed by the I n ves t or as a resu l t of t he sal e t o which such B u y-I n relates. The I n ves t or shal l prov i de t he C o mpany writ ten no tice ind icati ng t he amounts payable t o t he Inves t or i n respect o f t he B uy-I n. T he C ompany may not make any no tat i on on it s records o r g i ve i ns truct i ons t o any transf e r agent of the C o m pany that enlarge t h e restrict i ons o n transfer set forth i n t h i s Secti on.

(d) No twi ths tanding any t h i n g to t he con trary i n t h i s A greemen t, pri o r t o the s i x

(6) m on t hs anniversary o f t he C los i ng, the I nves t o r shall not (i) lend; offer; p ledge; sel l; contract

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to sell; sell any option or contract to pu rcha s e; pu rchase any option or con t ract to sell; grant any option, right, or warrant to purchase; or otherwise transfer or dispose of, directly or indi rectly, the Acquired Shares or (ii) ent er into any swap or other ar r angement that transf ers to another, in whole or in pa rt, any of the e c onomic conseque n ces of ownership of such t he Acquired Sha r es, wheth er any such transa c tion de s cribed in clause (i) or (ii) above is to be s e ttl ed by delivery of Common Stock or other sec u r iti es, in cash, or othe rwise.

4.2. F u r nish i ng of I n f o r m a tion. Until the end of the Effec tiveness P er iod (as de fined in the R egistration Rights Agreement), the C ompany cove n ants to tim ely f ile (or obtain extensions in respect the r eof and f ile within the a ppli cable gra ce period) all reports required to be filed by the Company after the date he r eof pursuant to the Exchange Ac t. As long as the Inv estor owns A cqui red Shares, if the Company is not required to file reports pursuant to such l aws, it will prepare and furnish to the Investor and make publi cly available in accor d ance with Rule 144(c) such infor m ation as is requir ed f or t he Inv estor to s e ll the Ac qui red Sha r es und er Rule 144. The Company fur ther cov enants that it will take such further a c tion as any holder of Acquired Sha r es m ay re asonably request, all to the ext ent required f rom time to time to enable such P erson to s ell the A cquired Sha res without r egist ra tion under the S ec u riti es Act w ithin the limitation of the exemptions provided by Rule 144.

4.3. I n t e g ra t ion. The Company sha ll not, and shall use its best eff o r ts to ensure that no Affili a te of the Company sha ll, sell, offer for sale or soli c it offers to buy or otherwise negoti a te in respect of any security (as defined in S ec tion 2 of the S ecuriti es Ac t) that would be int egrated with the of fer or s ale of the Acquir ed Shares in a m anner that would r equire the registration under the Se curities Act of the s ale of the A cquired Sha res to the Investor, or that would be int e g rated with the of fer or sa le of t he A cquired Sha res for purposes of t he rul es and regulations of any T rading Market in a m anner that would requi re stockholder app roval of the sale of the se cur iti es to the Investor.

4.4. S ubs e qu e nt R e gis t ra tions. Other than a R egist ration St atement pursuant to the R egist ration Rights Agreement, prior to the first to occur of (a) the E ffec tive Date of a R egist ration St atement resulting in all R egist rable S ecuriti es (as de fined in the R egist rati on Rights Agreement) being regist e r ed f or r esale pursuant to one or more e ffective R egist ra tion St ate m ents or (b) such t ime as all R egistrable S e cur iti es m ay be sold by the Inv estor w ithout volume rest rictions pursu ant to Rule 144, the Company m ay not file any r egist ration st atement (other than on Form S-4 or Form S-8) with the Co mmission with respect to any sec u riti es of the Company, except as specifica lly set for th on S chedule 6(b) to the R egist ra tion Rights Agreement.

4.5. S ec u r iti e s L a ws D i s c los u r e; P ub li c i t y. To the ext ent requi red by appli cable Law or stock exc h ange r equir e m ents, the Investor and the Company shall each issue a press r elea se in l anguage appropriate for the r egion in which they opera te th at pre s ents the t ransaction cont empl ated h ereby as a str ategic alli ance with an obje ctive to expand their respe ctive business es, provided that the Investor and the Company sha ll discuss in good faith and a g ree as to the timing and cont ents of any such pr ess rele a se in advanc e. On the Trading Day following the execution of this Agreement, the Company will f ile a Current Report on Form 8-K disc losing the m aterial t erms of the Transaction Documents (and a tt ach as exhibits thereto the Transaction D o cuments), and on the Tr ading Day following the Closing Date the Company will

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fi l e a Current Report on Form 8-K to disclose t h e Cl o s i ng. I n addi ti on, t h e Com p any wi l l make such o t her fi li ngs and no tices i n t he manner and ti me required by the C o mmi ss i on and the Trading Market on wh ic h t he C om m on St ock i s l i sted, i f any. No twit hs t a nding t he foregoing, t he C o m pany shall not p ub licl y d i scl ose t he nam e of t he I n ves t or, or i nclude t he name of t he I n ves t or i n any fili ng wit h t he C o mmi s si on (o t her t han a Regis trat i on S tatem e nt and any exh i b it s t o fil i ngs made i n respect of t h i s transact i on in accordance with period i c fi li ng requ irements under t he E xchan g e Act) or any regulatory agency or Trading Market, wi t hout the prior wri t ten consent of the I n ves t or, except t o t he ex tent su c h d i sclosure is requi red by law or T rading Market regu lations.

4.6. I n d e m ni f i ca tion of t h e I n v e s t o r. In addition to the inde mnity provided in the R egist ration Rights Agreement, the Company will indemni fy and hold the Inv estor and its directors, offic ers, stoc kholders, partners, employees and agents (e ach, an “I n v e stor Pa rt y”) har ml ess from any and a ll loss es, li abiliti es, obligations, claims, contingencies, damages, costs and expenses, i n cluding all judgments, amounts pa id in settl ements, court costs and r easonable attorneys’ f e es and costs of investigation (collec tive ly, “L oss e s”) that any such Investor P arty may suffer or incur as a result of or relating to any misrepresent ation, bre a ch or inaccur a cy of any repre s ent ation, war r anty, covenant or agr e ement m ade by the Compa ny in any Transaction Docum ent; pro v i d e d, that (a) the Company shall not be li able to the Inve stor P arty for until the aggrega te amount of all Losses in r espect of inde mnifica tion under this Se c tion 4.6 e x ceeds 0.5% of the Purchase P r i ce (the “De du ct i bl e”), in which event the Company sh all only be requi red to pay or be liable for Losses in excess of the Dedu ctibl e; and (b) the aggr ega te amount of Losses for whi ch the Company shall be li able in respect of indemni fication under this S ec t ion 4.6 shall not exc e ed the Purc h ase P r i ce. In addition to the indemnity contained he r ein, the Company will re imburse e a ch Investor P arty for its reasonable l egal and other expenses (inc luding the cost of any investigation, prepar a tion and travel in connection therewith) incur r ed in connection ther ewith, as such expenses are inc u rred. The indemnific ation rights under this S ec t i o n 4.6 shall survive for a period of t w elve (12) months after the Closing. Except as otherwise set forth he r ein, the mechanics and p rocedu r es w ith resp ect to the rights and obligations und er th is S ec tion 4.6 shall be the same as those set fo r th in S ection 5(a) of the R egistration Rights Agre em ent.

4.7. I n d e m ni f i ca tion of t h e C omp a ny. In addition to the indemnity provided in the R egist ration Rights Agreement, the Investor wi ll indemni fy and hold the Company and its directors, offic ers, stockholders, partners, empl oyees and agents (e a ch, a “C o m p a n y Pa rt y”) har ml ess from any and all Losses that any such Company P arty m ay suffer or incur as a r esult of or rela ting to any misrepresent a tion, bre a ch or inaccur acy of any re p resentation, wa rranty, covenant or agr e e m ent m ade by the Investor in a ny Trans action Do cum ent; pro v id e d, t h at (a) t he Inv estor shall not be li a b le to the Company P arty for until the aggr egate amount of all Losses in respect of indemni fication under this S ection 4.7 exceeds the Deductibl e, in which event the Inv estor sha ll only be required to pay or be li able for Losses in excess of the Deductibl e; provided further, that Losses in respect of S ection 3.2(g) sha ll not be subject to the Deductibl e; and (b) the aggrega te amount of Losses for whi ch the Investor sha ll be li able in resp ect of inde mni f ic ation under this S ection 4.7 sh all not exc eed the Purc hase P rice. In addition to the indemnity contained herein, the Inv estor w ill re imburse e a ch Company P arty for its reasonable legal and other exp enses (inc luding the cost of a ny investigation, prepa r ation and t ravel in conn ection therewith) inc urred in connection the rewith, as such exp enses are incurred. The indemni fic a tion r ights under this S ec tion 4.7 sha ll survive for a pe riod of t we lve (12) months after the Closing. Except as otherwise

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set forth herein, the me c h anics and proc edures with respect to the rights and obligations under this S ec tion 4.7 shall be the same as those set for th in S ec tion 5(b) of t he R egist ration Rights Agreement.

4.8. Non-P ubl i c I n f o r m a t i on. Except with rega rd to the t ransa c tions cont empl a t ed by the Transa ction Doc u m ents, the Company covenants and a g rees that n e ither it nor any other P erson a c ting on its be h a lf will knowingly provide the Investor or its agents or couns el with any information that the Company beli eves constitut es m aterial non-public infor m ation, unl ess prior thereto the Investor shall have executed a w r itt en agree m ent re g arding the confidenti ality and use of such information. The Company underst ands and confir ms that t he Inv estor shall be relying on the foregoing repre s ent ations in ef f ecting t ransactions in securities of the Company.

4.9. Li s ting of A c qui re d S h a r e s. The Company a g ree s, (i) if the Company appl i es to have the Common Stock traded on any ot h er T rading Marke t, it will inc lude in such applica tion the Acqui red Sha res, a nd will t ake such other a ction as is necessa ry or d esi rable to c ause the Acquired Sha r es to be list ed on such other Trading Market as promptly as possibl e, and (ii) it w ill take all action reason ably necess ary to continue the listing and trading of its Common Stock on a Trading Market a nd will comply in all ma t erial respe cts with the Company’s reporting, filing and other obligations under the rul es of the Trading Mar k et.

4.10. Use of P ro c ee ds. The Company will use the net proceeds from the s ale of the Acquired Sha r es for w o rking capit al purposes and not for the sa tisfaction of any por tion of the Company’s debt or for t he redemption of any Common Stock or Common S tock Equivalents.

4.11.P ar ti c ip a t i on in F uture F in a n c i ng.

(a) From the date hereof un t i l the date t hat i s the s i x-mon t h ann i versary of t h e Cl os i ng Date, upon any i ssuance by t he C ompany or any o f i t s S ubs i d iari e s of C o mm on St ock or C o mm on S tock Equivalents (a “Sub se qu e n t F i n a n c i n g”), t he I nves t or shal l have t he ri g ht t o partici pate i n an am o unt up t o it s Pro Rata P ort i on of such S ubsequent Financi ng on the sam e term s, condit i ons and price provi d ed fo r in the S ubsequent Financing. As used herein, “P r o R a t a Po rt i o n” m eans t h e rat i o of: (x) t he agg regate n u m ber of sha res of C om m on St ock hel d by t he I n ves t or on t h e date of an y S ubsequent Fi nanci ng Not ice (as defi ned bel o w); and (y) t he agg regat e number of shares of the C o m pany’s C o mm on S t ock and C om m on St ock Equiva len t s ou t s tanding on the dat e of such S ubs e quent F inancing Not ice.

(b) At least five (5) Trad i n g Days prior t o t he clos i ng of t he S ubsequent Financing, t he C o m pany shall deliver to t he Inv e s t or a wri tten no ti c e of i t s i n ten ti on to effect a S ubsequent F i nancing (“P re-N o t i c e”), wh ich shal l ask t he I nves t or if it wa n t s to review the detai l s of such financing. Upon t he request of t he I nves tor fol l owing the Pre-Not ice, and only upon a request by the Inves t or, t he C o m pany s hall pro m p tl y, but no lat e r t han one (1) Trading Day after such request, del i ver an addi ti onal no t ice t o t he I nves t or (a “Sub se qu e n t Fi n a n c i n g No t i ce”) wh ich shal l describe i n reasonable detail t he pro p osed terms of such S ub sequent Fi nancing, t he amount of proceeds i ntended t o be rai sed t hereunder and t he Person or Persons t hrough or wi t h whom such S ubsequent Financing is proposed t o be effected, and shal l i ncl u de a term sh eet or s imilar document relat i n g t heret o as an attachmen t.

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(c) If t he I nves t or des ires t o part ici p ate in such S ubsequent Financing it must prov i de written not ice t o t he C o m pany no later t h a n 5:30 p.m. (New York Cit y time) on t he fift h (5 t h) Trading Day after t he I nves t or has recei ved t he Pre-Not ice t hat t he I n ves t or i s wil li ng t o partici pate i n the S ubsequent Financing, t he amount of t he I nves t o r’s participat i on, and represen ti ng and warran t i ng t hat the I n ves t or has such funds ready, wi lli ng, and available for inves tment on t he terms set forth i n t he S ubseq u e nt F i nanci n g No tice. If t he C o m pany recei ves no such no tice from t he I nves t or as of such fifth (5t h) Trading Day, the I nves t or shall be deemed to have no tified t he C o m pany t hat i t does not elec t t o part icipate.

(d) If by 5:30 p.m. (New Y ork C i t y time) on t he f ifth (5 th) Trad i ng Day after the I n ves t or has received the Pre-Not ice, no tificat i on by the I nves t or of i t s wil l i ngness t o partici pate i n t he S ubs e quent F inanci ng (or t o cause their des i gn ees t o part ici p a te) i s, i n t he aggregate, less t han t he t o tal am ount of t he S ubsequent Financing, t hen t h e C o m pany may effect the remain i ng p ort i on of such S ubsequent Financi ng on the t erms and wi t h the Persons set fort h in the S ubsequent F i nanci n g No tice.

(e) The C o m pany m ust p r ovi d e the I nves t or wi t h a second S ubsequent Financing No tice, and the I nves t or wi l l again hav e the ri g ht of participati o n set forth abo v e i n th i s S ec tion 4.11, i f the S ubs e quent Financing sub ject t o t he in itial S ubsequent Fi nancing No tice is not consu m mated for any reason on t he terms set fo r t h i n such S ubsequent Financi ng No tice wit h i n s i x t y (60) Trading Days after t he date of the i n it i a l S ubsequent F inancing No tice.

(f) The C ompany and t he I n ves t or ag ree t hat if t h e I n ves t or el ects to p art ici pat e in t he S ubsequent Fi nan c i ng, the transact ion docu men t s related to t he S ubsequent F inanci ng shal l not incl ude any term or p r ov i s i on whereby the I nv e s t or shall be requ ired t o a gree to any res trict ions on trading as t o any o f t he Securit ies pu rchas e d hereun der or be requ ired t o consent t o any amend ment t o or term i nat i on of, or grant any w ai ver, rel ease or t h e li ke under or i n con nect i on wi th, t h i s Agreemen t, wit hout t he pri or wri tten co n sent of such I nves t or.

(g) No twi ths tanding t he fore go i ng, t h i s S ec tion 4.11 shall not apply in resp ect of an Exempt I s s uance.

4.12. F o r m D; B lue S ky F i l in g s. The Company agrees to tim ely file a Form D with respect to the S ec u riti es as required under R egul ation D and to provide a copy thereof, promptly upon request of the Inv estor. The Company sh all take such a c tion as the Company sha ll reasonably d eter mine is necessa ry in order to obt ain an exemption f o r, or to qua li fy the S ecuriti es for, s ale to the Inv estor at the Closing under applic able se curiti es or “Blue Sky” laws of the st ates of the Unit ed St ates, and shall provide evidence of such ac t ions promptly upon request of the Investor.

4.13. C a pi t a l C h a ng e s. Until the one year anniversa ry of the Effective Da te, the Company sha ll not undertake a re v erse or f o rw a rd stock split or reclassifica t ion of the Com mon Stock w ithout the pr ior writt en consent of the Inv estor.

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ARTI CLE 5.

CO N D I T I O NS PRECE D E N T T O CL O S I N G

5.1. C onditions P rece d e nt to t he Oblig a tions of the I n v e s t or to P u rc h a se the A c q u i re d S h are s. The obligation of the Inv estor to acquire the Acqui red Sha r es at the Closing is subj ect to the sa tisfaction or waiver by the Inv estor, at or before the Closing, of each of the following conditions:

(a) R e p re s e nt a t i ons a nd W a r ra nti e s. The rep resentat i ons and w arrant ies o f the C o m pany contained her ei n shall be true and correct i n al l material respec t s as of t he date w hen made and as o f t he Cl os i ng as t hough made on an d as of such date;

(b) P erf o r m a n c e. The C o m pany shall have per formed, sat i sfied and compl ied in all material res pects w i t h all covenan t s, ag reemen t s and condi ti ons requ ired by t he T rans act i on Docu men t s t o be perfo r med, sati sfied or com pli e d wi t h by it at or prior t o t he Cl os i ng;

(c) No I nju n c tion. No s tatu te, rule, regu lat i on, execu ti ve order, d ecree, rul i ng or i n j uncti on shall have been enacted, en tered, promulgated or endo r sed by any court or govern mental authori t y of co m petent j urisd icti on t hat proh i b it s t he consu m mation of any of t he transact i ons contem plat e d by t he Trans act i on Do c u ments;

(d) No S usp e ns i ons of T ra ding in C o mmon S to c k. Trading i n t he C o mm o n St ock shal l not have been suspended by t he C o m m i s si on or any Trading Market (except for any suspens i ons of trading of not more than one Trading Day so lel y to perm i t d is sem i nati on of material informati on reg ard i ng t he C o m pany) at any t i m e s i nce the date o f ex ecut i on of t hi s Agreement;

(e)C omp a ny Ag r e e m e nt. T he C o m pany shall have delivered t h e Regis trat i on

Rights Ag ree m e nt, duly e x ec ute d by th e Comp a ny;

(f)C los i ng of As s e t P u rc h a s e.The clos i ng under t he As set P urchase

Agreement s hal l have taken p lace o r wi l l take pla c e s im u ltaneous l y with t he Cl os i ng;

(g) Ex ec ut i on of Dis t r ibu t ion A g ree m e n t. The Di s t r ibu t ion Agreement shall have been duly ex ecuted by Topcon and the C ompany, and shall b ecome effecti ve si m u ltaneous l y wi th t he Cl os i ng;

(h)C omp a ny D e l i v era b l e s. The C o m pany shall have del i vered t he C o m pany

Del i verables i n accordance wi t h S ec tion 2.3(a); a nd

(i) T er m in a t ion. Th i s Agree ment shal l not have been term inated i n accordance wi th S ec tion 6.10.

5.2. C onditions P rece d e nt to the Oblig a tions of the C omp a ny to s e ll the A c qu i re d S h are s. The obligation of the Company to s ell the Acquired Shares at the Closing is subj ect to the sa tisfaction or waiver by the Company, at or before the Closing, of each of the following conditions:

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(a) R e p re s e nt a t i ons a nd W a r ra nti e s. The rep resentat i ons and w arrant ies o f the I n ves t or contained herein shal l be true and correct i n al l material res pects as of the dat e when made and as of the Cl os i ng Dat e as t hough made on and as of such date;

(b) P erf o r m a n c e. The I nves t or shal l hav e performed, sat i sf ied and co m p l ied in all material respects wi th all covenants, agreem e nts and condi ti ons required by t he Transact i on Docu men t s t o be perfo r med, sati sfied or com pli e d wi t h by the I n ves t or at or prior to t he Cl os i ng;

(c) No I nju n c tion. No s tatu te, rule, regu lat i on, execu ti ve order, d ecree, rul i ng or i n j uncti on shall have been enacted, en tered, promulgated or endo r sed by any court or govern mental authori t y of co m petent j urisd icti on t hat proh i b it s t he consu m mation of any of t he transact i ons contem plat e d by t he Trans act i on Do c u ments;

(d)C los i ng of As s e t P u rc h a s e.The clos i ng under t he As set P urchase

Agreement s hal l have taken p lace o r wi l l take pla c e s im u ltaneous l y with t he Cl os i ng;

(e)I n v e stor D e liv e ra bles. T he I nves t or s hal l have deli vered t he Regis t rat i on

Rights Ag ree m e nt, duly e x ec ute d by th e I nv e sto r; a nd

(f)T er m in a t ion. Th i s Agree ment shal l not have been term inated i n accordance wi th S ec tion 6.10.

ARTI CLE 6. MI SCELLANE OUS

6.1. Fee s a nd Exp e n s e s. Ea ch par ty shall pay the fees and expenses of its advisers, counsel, account ants and other exper ts, if any, a nd all other expenses inc urred by such party inc ident to the negoti a tion, prepa r ation, execution, delivery and pe rfor m a n ce of the Tr ansaction Documents. The Company shall pay all st amp a nd other t axes and duties l evi ed in conne ction w ith the issuance of the Acquired Sha r es.

6.2. Not i ce s. All noti ces, requests, consents, claims, de m ands, wa i v ers and other communi cations hereund er shall be in writing and sha ll be dee m ed to ha ve b een given (a) when delivered by hand (w ith writt en confirma tion of r eceipt); (b) when r e c e ived by the address ee if sent by an int ernationally recognized ove rnight courier (r e ce ipt requ est ed); (c) on the date sent by facsimile or e-m a il of a PDF docum ent (w ith confirmation of t ransmission) if sent during nor m al business hours of the rec ipi ent, and on the next Business Day if sent af t er normal business hours of the rec ipi ent or (d) on the fifth (5th) day af t er the d a te m ailed, by c e rti fied or regist ered mail, r eturn r e ceipt request ed, post age prepaid. Such communi c ations must be sent to the r espective parti es at the follow ing address es (or at su ch other add ress for a p arty as sh a ll be spec i f i ed in a notice g iven in accor d ance w ith this S ec tion 6.2):

No tice to t he I nves t or:111 Bauer Dri v e Oaklan d, NJ 07436. Uni ted States

E-mail: rsamuels@topc on.com

Atten ti on: Randy Samuels, Execut i ve Vi c e

Pre sid e nt & Ge n era l Counsel

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wit h a copy to:

75-1, Hasunum a-cho, I tabashi-ku, Tokyo 174-

8580, Japan

E-mail: k.koi zumi@topcon.co.jp

Atten ti on: Kanako Koizu mi, L e gal & Export C on trol Dep t., General A d mi nis tration & Legal Di v.

and wi t h a copy to:Nagash i ma Ohno & Ts u nematsu

JP Tower, 2-7-2 Ma runouchi, Chiyoda-ku, Toky

100-7036, Japan

Atten ti on: Yutaka Kuro d a

No tice to t he C o m pany:I RIDEX C orpo rat i on

1212 Terra B ella Avenue

Mount a in V i ew, CA 94043

Atten ti on: C h ief Execut i ve Officer, Dav i d Bruce

wit h a copy to:Wi l son S ons i ni Goodrich & R osat i, P.C.

o

E-mail: yut aka_kuroda@noandt.com

E-mail: dbruce@iridex.com

650 P age Mill Road

Pa lo Alto, CA 94304

Atten ti on: P h ili p Oet ti n ger

Fac s im i l e: (650) 56 5-35 6 4

Em ail: poe ttinger@wsgr.com

6.3. I n te r p re t a tion. For purposes of this Agr e ement, (a) the words “include,” “includes” and “i n cluding” shall be dee m ed to be followed by t he wo rds “without limit ation”; (b) the w o rd “or” is not exclusive; and (c) the words “he r ein,” “h ere o f,” “h ereby,” “he reto” and “hereund e r” re f er to this Agreement as a whole. Unless the context otherwise requir es, ref e renc es he re in: (x) to Arti cles, S ections, S c h edules and Exhibits me an the Ar ti c l es and S ec tions of, and S chedules and Exhibits a tt ached to, this Agreement; (y) to an agr eement, inst rument or other docum ent means such a g ree m ent, instrument or other document as amended, suppl emented and modified from t i me to time to the ext ent per mitted by the provisions thereof and (z) to a st a tute means such st atute as a m ended fr om time to t ime and inc ludes any su ccessor l egisl ation thereto and a ny regul a tions promulga t ed thereund er. This Agreement sh a ll be const rued without rega rd to a ny presumption or rule r e qui ring const ruc tion or int erpretation against the party drafting an inst rument or causing any inst rument to be drafted. The S chedules and Exhibits refer r ed to herein sh a ll be const rued w ith, a nd as an int egral part of, this Agree m ent to the same ext ent as if they we re set forth v erbatim he r ein.

6.4. H ea dings. The headings in th is Agreement are f or ref erence only and shall not aff e ct the int erpr eta tion of this Agreement.

6.5. S e v era b i lity. If any t e rm or provision of this Agree m ent is invalid, ill e g al or unenfor c eable in any jur isdi ction, such invalidity, ill egality or unenfor ceabi lity shall not aff e ct any other t erm or provision of this Agreement or invalidate or render une nforceable such term

23

or provision in any other jurisdi c tion. Upon such d etermination that any te rm or other provision is invalid, i l l egal or unenforc e able, the P ar ti es sha ll negoti ate in good faith to modi fy this Agreement so as to e f fe ct the original int ent of the parties as c lose ly as possible in a mutually ac c eptable m anner in order that the t ransa c tions contempl ated he r eby be consummated as or igina lly contempl ated to the greatest ext ent possibl e.

6.6. Ent i r e Ag r ee m e nt. This Agree m ent and the o ther Tr ansac tion Do cuments constitute the sole and entire agr ee m ent of the p ar ti es to this Agr e e m ent w ith respe ct to the subj ect m att er contained herein and there in, and supersede all pr ior and contemporaneous repre s entations, war r anti es, underst andings and agree m ents, both writt en and ora l, with respect to such subj ect m att er, i n cluding the Memorandum of Understanding be t ween Topcon and the Company dated De c e mber 10, 2020. In the e v ent of any inconsist ency be t ween the st a t e m ents in the body of this Agreement and those in the ot h er Trans action Documents, the Exhibits and S chedul es (other than an exception expressly set forth as such in the S chedules), the st atements in the body of this Agre em ent w ill control.

6.7. S u cce s s o r s a nd A s s igns. This Agreement sh a ll be binding upon and sha ll inure to the benefit of the Pa rti es and the ir r espective su ccessors and permitt ed a ssigns. Neither party m ay assign its rights or obligations hereunder wi thout the pr ior writt en consent of the ot h er party, which consent sha ll not be unr e asonab ly withheld, conditioned or dela y ed. No assignm ent sha ll reli eve the assigning party of any of its obliga tions hereunder.

6.8. No Th i r d P ar t y B e n ef ici a r i e s. Exc ept as s et for th in S ec tion 4.6 and Se c tion4.7, this Agreement is for the sole benef it of the par ties hereto and their r espec tive successors and permitt ed assigns and nothing herein, exp ress or i mplied, is int ended to or sha ll confer upon any other P erson or entity a ny l egal or equit able r ight, benef it or remedy of any na ture whatsoev er under or by r eason of this Agree m ent.

6.9. Am e ndm e nt a nd Mod i f i ca t ion; Wa iv er. This Agr e ement m ay only be a m ended, modi f i ed or suppl e m ent ed by an agr eement in w riting signed by each p arty hereto. No waiver by any party of any of the provisions hereof sha ll be effective unl ess e xpli citly set forth in writing and signed by the par ty so waiving. No waiver by any party sha ll operate or be const rued as a w aiver in respect of any fa ilure, b reach or de f ault not expressly identi fied by such written wa iver, whether of a similar or di ffe r ent char a cter, and wh ether occur r ing before or after that w aiver. No f ailure to exe r cise, or de l ay in exercising, any r ight, re m edy, pow er or pr ivil ege arising from t his Agreement shall operate or be const rued as a wa iver there o f; nor sha ll any single or par ti al exercise of any right, r em edy, power or p r ivil ege hereunder pr ec lude any other or f u rther exe rcise the reof or the exe r c ise of any other r ight, remedy, pow er or pr ivil ege.

|  | 6.10.T er min a tion. This Agre ement may be t erminated pr ior to Closing: (a)by the mutual written c onsent of the Company a nd the Inv estor; |

(b) by t he C o m pany or the I n ves t or upon writ ten no tice t o t he o t her, i f the Cl os i ng shall not have taken p lace by 4:30 p.m. J a pan ti m e on the Outs i de Date; p r ov i d e d, that t he right to termi nate t h i s A greement un der t h i s S ec t i on 6.1 0(b) shall not b e a vai lable t o any Person

24

whose fail u r e to comp l y wi th i t s ob li gati ons under t hi s Agreement has b een the cause of or resu lted in t he fail ure of the Cl os i ng t o occur on or befo r e such t ime.

6.11.Gov er ning L a w; S ubmis s ion t o Ar bit ra tion; Wa iv e r of Jury T r i a l.

(a) This Agreement shal l be governed by and cons trued in accordance with the in ternal laws o f t he Stat e of Cal ifornia without g i v i ng effect t o any ch o ice or conflict o f law prov i s i on or ru le.

(b) Any d i spu te, claim o r con trov ersy ari s i ng out of or relat i ng to t h i s Agreement o r t he o t h e r agreements and d ocu ments contemp lated h ereby or t he breach, termi nati on, enfo rcemen t, i n terpretat i on or valid it y t hereof, i nclud i ng t he determi nati on of t he scope or app licabi lit y of t h i s agreement t o arbi t rate, shal l be det erm i ned by arbi tration i n San Franci sco, California, bef ore one (1) arbitrator who shall be m u tuall y appo i n ted by the Part ies. The arb itrat i on sha l l be ad mi n i stered by JAMS (or any l i ke organizati on su cces s or t hereto) pursuant to i t s JAMS I n ternat ional Arb itrat i on R u les and P rocedu res. T h e arbi t rator shall fo ll ow any app licab l e federal law an d Cal i fornia s tate law i n rendering an award. Judg ment on the award may be ente red i n any court having j uri sd icti on. This clause shall not p reclude the Parties from seek i n g prov i s i onal remed ies i n aid of arb itrat i on from a court of ap propriate j u ri sd ict i on. The Part ies further unders tand and a gree t hat t he arbi t rat or’s deci si on shal l b e fi nal an d bind i ng t o t he ful lest extent perm itted by law and enforceable by any court having j uri sd icti on t hereof. No discovery wi ll be permi tted i n connecti on wit h t he arb i t rat i on, unless i t i s expres sl y au t horized by t he arb itrator upon showing of sub stan tial need by a Part y seeki n g d i scovery.

(c) EAC H P A R TY A C KNOWLEDG ES AND AGR EES THAT ANY C ONTROVER S Y WHIC H MAY AR I S E U N DER T H I S AGREEM ENT OR THE OTHER TRANS A C T I O N DOCUMENTS I S L IKE L Y TO I N VOLVE C OM P L I C ATED AND D I FF I CULT I SS UES A ND, THERE F O R E, E AC H S UCH PAR TY I R R EVOCA B LY AND UNCOND I TIONAL L Y WA IVES ANY R IGH T I T MAY H AVE TO A TR IAL B Y JUR Y IN R E SP ECT OF ANY L EGAL AC T ION A R I SING OUT OF OR R ELAT ING TO T H I S AGR EEMENT, THE O THER TRAN SAC TION DOCUMENTS OR THE T R AN S A C T IONS C ONTEM P LATED H ERE B Y OR THER E B Y. EACH PAR TY C E R TIF I ES A ND AC KNOWLED GES T H AT (A) N O R EP R E S ENTAT IVE O F A NY O THER PAR TY HAS R E PR E S ENTED, EXP R E SS LY OR OTHERWIS E, THAT S UCH OTHER P A R TY WOULD NOT S EEK TO E N F O RC E THE FO R EGOIN G WA IVER IN THE E VENT OF A LEGAL AC TION, (B) SUC H P A R TY HAS C ONS IDERED THE I M P L I CATIO N S OF T H I S WA IVER, (C) S U C H PAR TY MAKES T H I S WA I VER V OLUNTAR I LY, AND (D) S U C H P A R TY HAS B EEN INDUC ED TO ENTER INTO T H I S A G R EEMENT BY, AMO N G OTHER T H ING S, THE MUTUAL WA I V E R S AND C ERTIF I C A TIONS IN T H I S S E C T I O N 6.11(c).

6.12. S u r v i v a l. The repr esentations, warranti es, a g ree m ents and cove n ants contained here in sha ll survive the C losing and the delivery of the Acqui red Sha res.

6.13. S p ec i f ic P erf o r m a n c e. The parti es h ereto agr ee th at i rre p arable damage would occur if any p rovision of this Agr e ement w ere not perfor m ed in a ccor dance with the ter ms hereof and that the p arti es shall be entitled to spec i fic p erfor m ance of the terms he r eof, in addition to any other re m edy to whi ch they a re ent itl ed at l aw or in equity.

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6.14. C ount er p ar ts. This Agr e e m ent m ay be execut ed in count erpar ts, e ach of which sha ll be deemed an or igina l, but all of which together shall be dee m ed to be one and the same agree m ent. A signed copy of this Agreement de l ivered by facsimil e, e-mail or other m eans of electronic tr ansmission shall be de emed to ha ve the same l e g al e f f e ct as d elivery of an original signed copy of this Agr e ement.

6.15. R e scis si on a nd W i t hd r a w a l R ight. Notwithst a nding anything to the c ont rary cont ain ed in (and w ithout lim iting any si mil ar provisions of) the Transaction Documents, whenever the Inv estor exercis es a r ight, election, de m and or option under a Transa ction Document and the Company does not time ly pe r form its rela t ed obligations within the pe r iods therein provided, then the Inv estor m ay rescind or withdraw, in its sole dis cre tion from time to time upon writt en notice to the Company, any r elevant noti ce, d emand or e l ection in whole or in part without prejudi ce to its future actions and rights.

6.16. Li m it a tion of Li a bi l i t y. Not w ithst anding anything here in to the contrary, the Company acknow l edges and agr e es that the li ability of the Investor arising directly or indi rectly, under any Transa ction Docum ent of any and eve ry nature whatsoever sha ll be satisfied sol ely out of the ass ets of the Investor, and that no trust ee, offic er, other investment vehi c le or any other Affili ate of the I nvestor or any inv estor, s tockholder or holder of shares of b ene ficial int erest of the Inv estor shall be personally li able f or any liabiliti es of the Inv estor.

[R EM A INDER O F P A G E INTEN TIONALLY L E F T B LANK; S I G NATUR E PAGES FOLLOW]

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IN W I T N E S S WHE R EOF, the p art ies hereto have cau sed t h i s Agreement t o be du l y executed by t hei r res pect i ve au t horized s i gnatori e s as of the date first i nd icated above.

IRID EX C ORPO RA TION

By: Na m e: Da vid Br u c e

Titl e: Chi ef Executive Off i c er

[Signature Pages to Inve s tme n t Agree m ent]

IN W I T N E S S WHE R EOF, the p art ies hereto have cau sed t h i s Agreement t o be du l y executed by t hei r res pect i ve au t horized s i gnatori e s as of the date first i nd icated above.

TOP C ON A MERICA CORPORATION

By: Na m e: Da vid A. Mudr ick

Titl e: P resident

[Signature Pages to Inve s tme n t Agree m ent]

Exhib i t A R egist ration Rights Agreement

Exhib i t B Legal Opinion

EXHIBIT C

[***]

E x h i bi t D

ASS I G NME NT AND ASS UMP T I O N AGR E EMENT

This Assignm ent and A ssumption Agreement (the “A g r e e m e n t”), ef f ective as of March [●], 2021 (the “E ff e ct ive D a te”), is by and betwe en Topcon Medical Laser Syst ems, Inc., a C alifor n ia corporation (“S e ll er”) and I R IDEX Corpor ation, a Dela w are corpora tion (“Bu y er”). C apit a li zed t er ms used but not defined h ere in shall have the m eanings ascr ibed to such t erms in the Purchase Agree m ent (as de fined b elow).

RECITAL S

WHEREAS, Seller and B uyer have en tered i n t o t hat certai n As set P u r c hase Agreement, dated as of March [●], 2021 (t he “P u rc h ase A g r e e m e n t”), pursuant t o wh ich, among other th i ngs, Seller has agreed t o a s si gn all of it s ri gh t s, tit l e and i n teres t s i n, and B uyer has agre e d to assu m e all of Selle r’s du ties and ob li gati o n s under, t he Transf erred As sets.

NOW, THEREFORE, in consideration of the mutual covenants, t er ms, and conditions set forth herein, and for other good and valuable conside r ation, the re c eipt and suff i ciency of which a re hereby a cknowledg ed, the parties a g ree as follows:

AGREE M E N T

1. As s ig nm e n t a n d A s s u m p t io n. S eller hereby sells, assigns, grants, conveys and t ransfers to Buyer all of S ell er’s r ight, title and int erest in and to the T rans fer r ed Ass ets. Buyer hereby a c cepts such assignm ent and assum es all of S ell er’s duti es and obligations under the Transf er r ed Assets and agrees to pay, perform and dischar g e, as and when due, all of the obligations of S ell er under t he Transfe rred Ass ets a c cruing on and af ter the Agree m ent D ate.

2. T er m s of t h e P u rc h a s e Ag r e e m e n t. The scope, na ture and extent of the Transf er r ed Ass e ts t ransfe r red he re under a re set for th in the Purchase Agr eement. B uyer and S ell er each acknow l edge and a g ree that this A g ree m ent is intended only to e ffect the assumption by Buyer of the Transf e rred Ass ets pursuant to the Purchase Agr eement and shall be governed enti re ly in a ccorda n ce with the t e rms and conditions of the Purchase Agree m ent. The t er ms of the Purchase Ag r e ement, including, but not l imit ed to, the repre s entations, w a rranti es, cov enants, agr e ements and inde mniti es re l ating to the Transfe rred Assets a re incorporated he r ein by this referenc e. The parties hereto acknowledge and a g ree that the repr esent ations, war r anti es, cove n ants, agree m ents and inde mniti es contained in the Purchase Agr e ement shall not be superseded h e reby but shall remain in full for ce and ef f ect to t he full extent provided therein. In the event of any confli ct or inconsist ency be t ween the t erms of t he Purcha se Agr ee m ent and the t erms hereof, t he terms of the Purchase Agr e ement sha ll govern.

3. Th i r d Pa rt i e s. Nothing express ed or impli ed herein is int ended to con fer upon any P erson, other than Buyer, S e ll er and their respec t ive successors and per m i tt ed assigns, any r ights, remedies, obligations or li abiliti es pur suant to or by reason of this Agree m ent.

4. Gov er n i n g L aw. This Agree m ent sha ll be gov erned by and const r u ed in acc o rdance w ith the int ernal l aws of the St a te of C ali fornia without giving effect to any choi ce or confli ct of law provision or rule.

5. En f o rce m e n t a n d V e nu e. Buyer and S e ller each agr ee that any disput e, c l aim or cont roversy a rising out of or re l ating to this Agre em ent shall be de t ermined by arbit ration in accor d ance with S ec tion 11.11 (Dispute R e solution) as set forth in the Purchase Agree m ent.

6. Su cce s s o r s a n d As s ig n s. This Agreement sha ll be binding upon and inure to the bene fit of Buyer, S ell er and t h e ir respe ctive suc c essors and per mitted assigns. No par ty he r e to m ay assign either this Agreement or any of its rights, int erests or obligations hereunder w ithout the pr ior writt en approval of the oth er pa r ty.

7. A m e n d m e n t, Waiv e r a n d T er m i n a t io n. Th is Agreement c annot be a m ended, wa ived or t erminated e x cept by an inst rum ent in writing signed by both Buyer and S eller.

8. S e v er a b ili t y. In the event that any provision of this Agreement, or the appli cation thereof, be comes or is declared by a court of competent jurisdi ction to be ill ega l, void or unenfor c eabl e, the r ema inder of this A g r e ement will continue in full for ce and ef f ect and the appli cation of such provision to other P ersons or cir cumst ances will be interpre t ed so as r e asonably to eff e ct the int ent of Buyer and S ell er. Buyer and S ell er e a ch further agr ee to repl a ce such void or unenfor c eable provision of this Agr eement with a v alid and enfor c eable provision that w ill achieve, to the extent possibl e, the economi c, business a nd other purposes of su ch void or unenfor ceable p r ovision.

9. Co un ter p a rt s. This Agreement m ay be e x ecut ed in counter p ar ts, e ach of which shall be deemed an original, but all of which together sha ll be deemed to be one and the same agree m ent. A signed copy of this Agreement d elivered by f acsimil e, e m a il or other means of electronic t ransmission shall be de e m ed to ha ve the sa me l egal e ff e ct as delivery of an or iginal signed copy of this Agreement.

10. F u rt h e r As su r a n ce s. Each of the parties hereto sha ll execute and deliver, at the reasonable r equest of the other party h e r e to, su ch additional docum ents, instruments, conveya n ces and assur ances and t ake su ch fur ther ac tions as such ot h er par ty m ay reasonably requ est to c a r ry out the provisions he r eof and give e f fect to the t rans ac tions cont empl ated by this Ag r eement.

[Signa t ure page fo ll o w s.]

IN WITNE S S WHER E O F, t he part ies have execu ted t h i s A greement t o be effective as of t h e date first above wri tten.

TOP C ON MED IC A L LASER SYST E MS, IN C.

B y:

Name: Ray Vallej o

Titl e:P resident

IRIDEX C O RPORATION

By: Na me: D a vid Br uce

Titl e:Chief Executive Officer

[Signature Page to As sumption Agreement]

BILL OF S ALE

TH IS B ILL OF SALE (this “Bil l of S a l e”) is made and eff e ctive as of Ma r ch [●],

2021 by Topcon Medic al Laser Syst ems, Inc., a C a lifornia corpo ration (“S e l l er”), in favor of I R I D EX Corporation, a Delaw are corporation (“Bu y er”). C apit ali zed t e rms used but not defined herein sha ll have the m eanings ascr ibed to such t erms in the Purchase Agree m ent (as de fined b elow).

RECITAL S

WHEREAS, Seller and B uyer have en tered i n t o t hat certai n As set P u r c hase Agreement, dated as of March [●], 2021 (t he “P u rc h ase A g r e e m e n t”), pursuant t o wh ich, among other th i ngs, Seller has agreed t o a s si gn all of it s ri gh t s, tit l e and i n teres t s i n, and B uyer has agre e d to assu m e all of Selle r’s du ties and ob li gati o n s under, t he Transf erred As sets.

WHEREAS, upon t he terms and sub ject t o t he cond iti ons of the P urchase Agreement, Sel ler agreed to sell, transfer, as si gn, c onvey and deliver t o B uyer, and B uyer agreed to purchase, acquire, and accept from Sel l er, al l of Seller’s ri gh t, t i tl e and interest i n, t o and under t he Transferred As set s fre e and c lear of al l Liens o t her than Permi tted Liens.

AGREE M E N T

NOW, THER E FO RE, in consideration of t he for egoing premises and other good and valuable considera ti on, the receipt and suff i ciency of which are he r eby acknowledged, S e ll er hereby sells, t ransf ers, assigns, conv eys and de livers to Buyer all of S eller’s right, title and interest in, to and under the Transfe rred Ass e ts free and c l ear of a ll Liens other than P ermitt ed Liens, and Buyer h ereby a c c epts the sale, t ransf er, assignm ent, conveya n ce, and de live ry of S e ll er’s r ight, title and int e r est in, to and under the Transfe rred Ass ets.

This Bill of S ale shall not constitute an assignment or t ransf er of any int e rest in any Cont ract, if an assi gnm ent or t ransfer of the Cont ract requi res expli c it consent of a thi rd party who is a par ty to such Cont ract, unl ess and until such consent has been obt a ined or otherwise w aived, in each c ase in a c cordance w ith and subje ct to the t erms and conditions set forth in the Purchase A g r e ement.

The scope, na ture and ext ent of the Transfe rred Ass e ts sold hereunder are set forth in the Purchase Agr eement. Buyer and S eller e a ch acknowledge and agr ee that this Bi ll of S ale is int ended only to ef f ect the sa l e, trans fer, assignm ent, conv eyanc e, and d elivery of the Transf er r ed Asse ts pursuant to the Pur chase Agr ee m ent and sh all be gove rned enti rely in a c corda n ce wi th the t erms and conditi ons of the Purcha se Agr e ement. Nothing cont ain ed he rein shall itself chang e, limit, rest ric t, amend, ext end, supersede or modi fy (nor shall it be deemed or construed as cha nging, lim i ting, restricti ng, amending, extending, superseding or modi fying) the terms or conditions of the Purchase Agree m ent in any m anner wha tsoe v er. This Bill of S ale does not t ransfer or crea te a ny r ights to any ass ets, properti es or r ights not otherwise transf er r ed or c r eated pu rsuant to the Purchase Agree m ent. In the event of any confli ct be t w e en the ter ms and conditions of the Pur chase

Agreement and th i s B i l l o f Sale, the term s and condit i ons of t h e P urchase Ag reement shall con tro l.

This Bill of S ale shall be governed by and const r u ed in accor d ance with the l aws of the State of C ali forni a, rega rdless of the L a ws that might otherw ise govern under appli cable pr incipl es of confli cts of Laws the r eof.

This Bi ll of S a le shall be binding upon and inure to the benef it of Buyer, S e ll er and the ir respective suc c essors and permitt ed assigns. No party here to may assign e ither this Bill of S ale or any of its rights, int erests or obligations hereunder without the prior writt en approval of the other party.

This Bill of S ale cannot be amend ed, w aived or t erminated except by a w riti ng signed by Buyer and S eller.

In t h e e v e nt t h a t a ny p r ov i s i on of t h i s Bil l of Sa l e, or t he a ppl i ca t i on t h ere o f, b ec om e s o r i s d ec la re d by a c ou r t of c o m p e t e nt j u r isd i c t i on t o be il l e g a l, vo i d o r un e n f o r c ea b l e, the re m a ind e r of th i s Bi l l of S a le w ill c on ti nue in f u l l f o rc e a nd effec t a nd t he a ppl i ca t i on o f su c h p r ov i s i on t o oth e r P er sons or c i r c u m s t a n ce s w i l l be i nt er p re t e d so a s r e a son a b l y to e f f e c t t h e in t e nt of B uy e r a nd S e l l er. Buy e r a nd S e l l e r e a c h f u r th e r a g r e e t o re p l a c e such vo i d or un e n f o r c ea b l e p r ovi si on of th i s Bil l of S a l e with a v a li d a nd e n f o r c ea b l e p r ovis i on th a t w il l ac hi e v e, to t he e xtent poss i b l e, t he ec onom i c, bus i n e ss a n d o t h e r pu r pos e s of s u c h v o i d or un e n f o r cea ble p r o v i s i on.

The section h eadings and captions conta ined herein a re for conveni ence of ref erence only and shall not control or affect the me aning or construction of any provision hereof. This Bill of S ale m ay be executed in any number of counterpa rts (including by fax and .pdf), each of wh i ch sha ll be deemed to be an original and all of whi ch together sha ll be deemed to be one and the same instrument. Buyer and S ell er ne ed not execute the same counte rpar t.

[Signa t ure page fo ll o w s.]

IN W I T NESS WHERE O F, Seller has du l y execu ted t h i s B i l l of Sale as of the date first wri tten.

TOP C ON MED IC A L LASER SYST E MS, IN C.

B y:

Name: Ray Vallej o

Titl e:P resident

Acknowledged by:

IRIDEX C O RPORATION

By: Na me: D a vid Br uce

Titl e:Chief Executive Officer

Signature Page to Bill of Sale

Exhibit E

PATENT ASSIGNMENT AGREEMENT

This Patent Assignment Agreement (this “Assignment”) is dated as of March [●], 2021 (the “Effective Date”), and is entered into between Topcon Medical Laser Systems, Inc., a Delaware corporation (“Assignor”) and Iridex Corporation, a Delaware corporation (“Assignee”).

WHEREAS, Assignor and Assignee have entered into an Asset Purchase Agreement dated as of March [●], 2021 (the “Asset Purchase Agreement”), whereby Assignor has agreed to sell, assign and transfer to Assignee certain Assigned Patents (as defined below); and

WHEREAS, Assignor is the owner of the entire right, title and interest in, to and under the

Assigned Patents; and

WHEREAS,this Assignment is the Patent Assignment Agreement referred to in

Section 2.1(b)(ii)(E)(1) and Section 2.1(b)(iii)(D) of the Asset Purchase Agreement;

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

1.Assigned Patents. The term "Assigned Patents” means the patents and patent applications and registrations set forth on Schedule A attached hereto.

2. Assignment. Assignor hereby sells, assigns, transfers and sets over to Assignee and its successors, assigns and other legal representatives all of Assignor’s right, title and interest in and to the Assigned Patents, including for clarity, the right (a) to claim priority to and from the Assigned Patents, (b) in and to each and every application that is a divisional, substitution, continuation, or continuation-in-part of any of the Assigned Patents, (c) in and to each and every patent issuing or reissuing from any of the foregoing, (d) in and to each and every reissue, reexamination, renewal or extension of any kind of any of the foregoing, and (e) in and to each and every patent and application filed outside the United States and corresponding to any of the foregoing now or hereafter in effect, for Assignee’s own use and enjoyment, and for the use and enjoyment of Assignee’s successors, assigns or other legal representatives, as fully and entirely as the same would have been held and enjoyed by Assignor if this assignment and sale had not been made.

3. Recordation. Assignor hereby authorizes and requests the United States Patent and Trademark Office Commissioner for Patents and Trademarks and any other applicable governmental entity or registrar (including any applicable foreign or international office or registrar), to record Assignee as the assignee and owner of the Assigned Patents. Assignor also hereby authorizes the respective trademark office or governmental agency in each jurisdiction to issue any and all trademark registrations which may be granted upon any of the Assigned Patents in the name of Assignee, as the assignee to the entire interest therein.

4. Further Assurances. Assignor shall provide to Assignee, its successors, assigns or other legal representatives, cooperation and assistance at Assignee’s request and expense but without additional compensation, (including, without limitation, the execution and delivery of any and all affidavits, declarations, oaths, samples, exhibits, specimens and other documentation as may be reasonably required) in connection with (1) preparation and prosecution of any application within the Assigned Patents that Assignee may reasonably deem appropriate that may be secured under the laws now or hereafter in effect

-1

in the United States or any foreign countries; (2) prosecution or defense of any cancellation, opposition, infringement or other proceedings that may arise in connection with any of the Assigned Patents, including, without limitation, testifying as to any facts relating to the Assigned Patents and this Assignment; (3) enforcement of Assignee’s rights in any Assigned Patents; and (4) implementation, perfection and/or recording of this Assignment.

5. Governing Law. This Assignment will be governed in all respects, whether as to validity, construction, capacity, performance or otherwise, by the laws of the State of California without reference to its conflicts of law provisions.

6. Precedence. The Asset Purchase Agreement shall take precedence over this Assignment. In the event of any difference, discrepancy or conflict between any term or condition in the Asset Purchase Agreement and any term or condition in this Assignment, the terms and conditions of the Asset Purchase Agreement shall prevail and govern.

7. Amendment and Waiver. This Assignment may not be amended unless mutually agreed upon in writing by both Assignee and Assignor, and no waiver will be effective unless signed by Assignee. If any term or provision of this Assignment will, to any extent or for any reason, be held to be invalid or unenforceable, the remainder of this Assignment will not be affected thereby and will be construed as if such invalid or unenforceable provision had never been contained herein or been applicable in such circumstances.

8. Successors and Assigns. This Assignment will inure to the benefit of Assignee, its successors and assigns, and will bind Assignor and its successors and permitted assigns, except that Assignor may not assign this Assignment without the consent of Assignee.

[Remainder of the page left intentionally blank; signature page follows]

-2

IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment to be executed as of the date first written above by their respective officers thereunto duly authorized.

ASSIGNOR:

TOPCON MEDICAL LASER SYSTEMS, INC.

By: Name: Ray Vallejo

Title: President

State of California)

) ss:

ACKNOWLEDGMENT

County of )

On this

day of

, before me, the undersigned, personally appeared

, personally known to me or proved to me on the basis of satisfactory

evidence to be the person who executed this instrument on behalf of the corporation named herein, and acknowledged that s/he executed it in such representative capacity.

IN WITNESS WHEREOF, I have hereunto set my hand and official seal.

Notary Public

My Commission Expires on

[Signature Page to Patent Assignment Agreement]

SCHEDULE A ASSIGNED PATENTS

Country | Application No. | Filing Date | Case Status | Patent No. | Issue Date

Exhibit F

TRADEMARK ASSIGNMENT AGREEMENT

This Trademark Assignment Agreement (this “Assignment”) is dated as of March [●], 2021 (the “Effective Date”), and is entered into between Topcon Medical Laser Systems, Inc., a Delaware corporation (“Assignor”) and Iridex Corporation, a Delaware corporation (“Assignee”).

WHEREAS, Assignor and Assignee have entered into an Asset Purchase Agreement dated as of March [●], 2021 (the “Asset Purchase Agreement”), whereby Assignor has agreed to sell, assign and transfer to Assignee, among other things, certain Assigned Trademarks (as defined below); and

WHEREAS, Assignor is the owner of the entire right, title and interest in, to and under the

Assigned Trademarks; and

WHEREAS, this Assignment is the Trademark Assignment Agreement referred to in Section

2.1(b)(ii)(E)(1) and Section 2.1(b)(iii)(D) of the Asset Purchase Agreement.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

1. Assigned Trademarks. The term "Assigned Trademarks” means the trademark applications and registrations set forth on Schedule A attached hereto, including any associated common law rights, and any common law trademark rights Assignor may have, including but not limited in and to the words and phrases separately listed in Schedule B.

2. Assignment. For good and valuable consideration, including the execution and performance of the Asset Purchase Agreement and consideration exchanged thereunder, the receipt and adequacy of which is hereby acknowledged, Assignor hereby sells, assigns, transfers and delivers to Assignee all of Assignor’s right, title and interest in and to the Assigned Trademarks, together with all the goodwill of Assignor’s business appurtenant thereto, including the right to prosecute and maintain any of the Assigned Trademarks and the right to sue and recover damages for past, present and future infringement or other violation or impairment of any of the Assigned Trademarks.

3. Recordation. Assignor hereby authorizes and requests the United States Patent and Trademark Office Commissioner for Patents and Trademarks and any other applicable governmental entity or registrar (including any applicable foreign or international office or registrar), to record Assignee as the assignee and owner of the Assigned Trademarks. Assignor also hereby authorizes the respective trademark office or governmental agency in each jurisdiction to issue any and all trademark registrations which may be granted upon any of the Assigned Trademarks in the name of Assignee, as the assignee to the entire interest therein.

4. Further Assurances. Assignor shall provide to Assignee, its successors, assigns or other legal representatives, cooperation and assistance at Assignee’s request and expense but without additional compensation, (including, without limitation, the execution and delivery of any and all affidavits, declarations, oaths, samples, exhibits, specimens and other documentation as may be reasonably required) in connection with (1) preparation and prosecution of any application within the Assigned Trademarks that Assignee may reasonably deem appropriate that may be secured under the laws now or hereafter in effect in the United States or any foreign countries; (2) prosecution or defense of any cancellation, opposition, infringement or other proceedings that may arise in connection with any of the Assigned Trademarks, including, without limitation, testifying as to any facts relating to the Assigned Trademarks

1

and this Assignment; (3) enforcement of Assignee’s rights in any Assigned Trademarks; and (4)

implementation, perfection and/or recording of this Assignment.

5. Governing Law. This Assignment will be governed in all respects, whether as to validity, construction, capacity, performance or otherwise, by the laws of the State of California without reference to its conflicts of law provisions.

6. Precedence. The Asset Purchase Agreement shall take precedence over this Assignment. In the event of any difference, discrepancy or conflict between any term or condition in the Asset Purchase Agreement and any term or condition in this Assignment, the terms and conditions of the Asset Purchase Agreement shall prevail and govern.

7. Amendment and Waiver. This Assignment may not be amended unless mutually agreed upon in writing by both Assignee and Assignor, and no waiver will be effective unless signed by Assignee. If any term or provision of this Assignment will, to any extent or for any reason, be held to be invalid or unenforceable, the remainder of this Assignment will not be affected thereby and will be construed as if such invalid or unenforceable provision had never been contained herein or been applicable in such circumstances.

8. Successors and Assigns. This Assignment will inure to the benefit of Assignee, its successors and assigns, and will bind Assignor and its successors and permitted assigns, except that Assignor may not assign this Assignment without the consent of Assignee.

[Remainder of the page left intentionally blank; signature page follows]

2

IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment to be executed as of the date first written above by their respective officers thereunto duly authorized.

ASSIGNOR:

TOPCON MEDICAL LASER SYSTEMS, INC.

By: Name: Ray Vallejo

Title: President

ACKNOWLEDGMENT

State of California)

) ss:

County of )

On this

day of

, before me, the undersigned, personally appeared

, personally known to me or proved to me on the basis of satisfactory evidence

to be the person who executed this instrument on behalf of the corporation named herein, and acknowledged that s/he executed it in such representative capacity.

IN WITNESS WHEREOF, I have hereunto set my hand and official seal.

Notary Public

My Commission Expires on

[Signature Page to Trademark Assignment Agreement]

SCHEDULE A ASSIGNED TRADEMARKS

Jurisdiction | Registered Owner | Mark | Registration No. (Ser. No.) | Issue Date

SCHEDULE B ASSIGNED TRADEMARKS

EXHIBIT G

[***]