ASSET PURCHASE AGREEMENT

Asset Exchange Agreement

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This Asset Exchange Agreement involves

EMCORE Corporation | INTEL CORPORATION

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Title: ASSET PURCHASE AGREEMENT
Governing Law: New York Date: 2/11/2008
Industry: SEMICO Law Firm: Jones Day;Gibson Dunn Sector: TECHNO

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ex2_1.htm

Exhibit 2.1

ASSET PURCHASE AGREEMENT

BY AND BETWEEN

INTEL CORPORATION

AND

EMCORE CORPORATION

DATED AS OF DECEMBER 17, 2007

TABLE OF CONTENTS

			Page No.

ARTICLE I DEFINITIONS			4
	1.01	Definitions	4
	1.02	Defined Terms Generally	4

ARTICLE II TRANSFER OF ASSETS			5
	2.01	Transferred Assets	5
	2.02	Excluded Assets	6
	2.03	Assumed Liabilities	7
	2.04	Excluded Liabilities	7
	2.05	Assignment of Contracts and Rights.	8
	2.06	Consideration	9
	2.07	Closing	10
	2.08	Accounting	10

ARTICLE III REPRESENTATIONS AND WARRANTIES OF SELLER			10
	3.01	Existence and Good Standing	11
	3.02	Authorization and Enforceability	11
	3.03	Governmental or Other Authorization	11
	3.04	Non-Contravention	11
	3.05	Personal Property	12
	3.06	Real Property	12
	3.07	Litigation	12
	3.08	Transferred Contracts	12
	3.09	Compliance with Applicable Laws	13
	3.10	Tax Matters.	13
	3.11	Intellectual Property.	13
	3.12	Employee Matters.	15
	3.13	Financial Information.	15
	3.14	Absence of Certain Changes	16
	3.15	Environmental Matters.	16
	3.16	Product Warranties	17
	3.17	Transferred Assets	17
	3.18	Customers	17
	3.19	Advisory Fees	17
	3.20	Disclaimer of Warranties	17

ARTICLE IV REPRESENTATIONS AND WARRANTIES OF BUYER			18
	4.01	Existence and Good Standing	18
	4.02	Authorization and Enforceability	18
	4.03	Governmental or Other Authorization	18
	4.04	Non-Contravention	18

Page No.

	4.05	Capital Stock of Buyer	19
	4.06	Buyer SEC Reports	19
	4.07	Absence of Certain Changes	20
	4.08	Litigation	20
	4.09	Compliance with Applicable Laws	20
	4.10	Financing	20
	4.11	Export Compliance	20
	4.12	Advisory Fees	20
	4.13	Reliance	21
	4.14	Investigation	21

ARTICLE V COVENANTS			21
	5.01	Access to Information.	21
	5.02	Additions to and Modification of Schedules; Notification	22
	5.03	Compliance with Terms of Governmental Approvals and Consents.	23
	5.04	Use of Marks	23
	5.05	Cooperation in Third Party Litigation	23
	5.06	Assignments	24
	5.07	Consents and Filings; Further Assurances	24
	5.08	Public Announcements; Customer Contacts	25
	5.09	Allocation of Expenses.	25
	5.10	Allocation of Consideration	27
	5.11	Accounts Receivable.	27
	5.12	Accounts Payable	28
	5.13	Bulk Sales Laws	28
	5.14	Operation of the Business Prior to Closing	28
	5.15	Employees Matters.	29
	5.16	Non-Compete Agreement.	30
	5.17	Non-Solicitation Agreements.	31
	5.18	Protection of Privacy	31
	5.19	Business Financial Statements	31
	5.20	Export Compliance	32
	5.21	Lease	32
	5.22	Confidentiality.	33
	5.23	Availability of Information; Registration Statement	33

ARTICLE VI CONDITIONS TO CLOSING			34
	6.01	Conditions to Obligations of Buyer	34
	6.02	Conditions to Obligations of Seller	35

ARTICLE VII INDEMNIFICATION			35
	7.01	General Survival	35
	7.02	Indemnification.	36
	7.03	Manner of Indemnification.	37
	7.04	Third-Party Claims	38
	7.05	Exclusive Remedy	39

Page No.


	7.06	Subrogation	39
	7.07	Damages	40

ARTICLE VIII TERMINATION			40
	8.01	Grounds for Termination	40
	8.02	Effect of Termination	41

ARTICLE IX MISCELLANEOUS			41
	9.01	Notices	41
	9.02	Notice of Change of Control	42
	9.03	Amendments; Waivers.	43
	9.04	Expenses	43
	9.05	Successors and Assigns	43
	9.06	Governing Law	43
	9.07	Counterparts; Effectiveness	43
	9.08	Entire Agreement	43
	9.09	Captions	44
	9.10	Severability	44