SONUS NETWORKS, INC. ASSUMED PERFORMANCE TECHNOLOGIES, INCORPORATEDSonus Networks Inc • February 28th, 2014 • Services-computer integrated systems design • Delaware
Sonus Networks, Inc. (“Sonus”) acquired PTI through an Agreement and Plan of Merger (the “Merger Agreement”), by and among Sonus, Purple Acquisition Subsidiary, Inc. and PTI dated as of December 12, 2013 (the “Merger”), which became effective on February 19, 2014 (the “Closing”). As part of the Merger, Sonus assumed the Plan solely for the purpose of administering any outstanding Awards under the Plan as of the Closing. As assumed by Sonus, the Plan will continue to have the same terms and conditions as in effect immediately prior to such assumption, except that (i) all references to Performance Technologies, Incorporated (or other variation of the foregoing) shall refer to Sonus, (ii) the Plan will provide for the issuance of Sonus common stock, $0.001 par value per share (“Sonus Common Stock”), with all numbers of shares of common stock to be read as adjusted using the Equity Award Exchange Ratio under the Merger Agreement, and all references to the common stock of PTI shall refer to
