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ADDENDUM NO. 2 TO ESCROW AGREEMENT
This ADDENDUM NO. 2 TO ESCROW AGREEMENT (this "Addendnum No. 2") is entered into
on this 26th day of June, 2000 by and among MRV Communications, Inc., a
corporation organized and existing under the laws of Delaware, U.S.A. ("MRV"),
each person listed in the schedule attached hereto as Schedule 1 (individually,
a "Selling Shareholder" and collectively "Selling Shareholders") of Fiber Optic
Communications, Inc., a corporation organized and existing under the laws of the
Republic of China ("FOCI"), represented by their attorneys-in-fact, Ronald
Fu-Chang Wang and Steve Song-Fure Lin ("Attorneys-in-Fact"), and the law firm of
Baker & McKenzie, Taipei Office having David T. Liou as its representative
("B&M"). MRV, Selling Shareholders and B&M are referred to herein individually
as the "Party" and collectively as the "Parties".
WITNESSETH
WHEREAS, FOCI, MRV and certain Selling Shareholders, represented by
Attorneys-in-Fact, have entered into a Stock Purchase Agreement ("SPA") on the
21st day of February, 2000 and the Addendum to Stock Purchase Agreement on the
14th day of April, 2000;
WHEREAS, MRV, certain Selling Shareholders and the law firm of Baker & McKenzie,
Taipei Office (the "Escrow Agent") having David Liou as its representative have
entered into an Escrow Agreement (the "Escrow Agreement") on the 21st day of
February, 2000 and the Addendum to Escrow Agreement on the 14th day of April,
2000;
WHEREAS, the Parties wish to enter into this Addendum No. 2 to amend certain
provisions to the Escrow Agreement.
NOW, THEREFORE, the Parties agree as follows:
1. Section 6 of the Escrow Agreement shall be deleted in its entirety in
exchange of the earlier release of half of the Escrowed Shares as stated in
Section 2 of this Addendum No. 2.
2. Notwithstanding point 7 of the Escrow Agreement or other provisions in the
Escrow Agreement and Addendum to the Escrow Agreement, half of the Escrowed
Shares shall be taken from the Escrow Account and delivered to
Attorneys-in-Fact of the Selling Shareholders no later than 30 days after
the
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effective date of the registration of MRV Shares with the United States
Securities Exchange Commission.
3. Addendum No.2 to the SPA shall be effective as of the date of execution of
this Addendum No. 2.
IN WITNESS WHEREOF, the Parties hereto have executed this Addendum No. 2 as
of the date first above written.
MRV COMMUNICATIONS, INC.
/s/ Edmund Glazer
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By: Edmund Glazer
Title: Vice president & Chief Financial Officer
FIBER OPTIC COMMUNICAITONS, INC.
/s/ Steve Song-Fure Lin
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By: Steve Song-Fure Lin
Title: President
SELLING SHAREHOLDERS
/s/ Ronald Fu-Chang Wang
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Represented by: Ronald Fu-Chang Wang
/s/ Steve Song-Fure Lin
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Represented by: Steve Song-Fure Lin
BAKER & MCKENZIE, TAIPEI OFFICE
/s/ David Liou
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By: David Liou
Title: Senior Partner
