Underwriting AgreementUnderwriting Agreement • May 14th, 2014 • Mitel Networks Corp • Radio & tv broadcasting & communications equipment • Ontario
CIBC World Markets Inc. and Cormark Securities Inc., as co-lead underwriters (the “Co-Lead Underwriters”), and Canaccord Genuity Corp., RBC Dominion Securities Inc. and TD Securities Inc. (together with the Co-Lead Underwriters, the “Underwriters”) understand that certain Shareholders identified in Schedule 1 hereto (the “Selling Shareholders”) of Mitel Networks Corporation (the “Corporation”) propose to sell an aggregate of 7,400,000 Common Shares (as hereinafter defined) (the “Firm Shares”) in the amounts set forth in Schedule 1. Upon and subject to the terms and conditions set forth below, the Underwriters hereby severally, but not jointly, agree to purchase from the Selling Shareholders, in the respective percentages provided for in Article 14 hereof, and by their acceptance hereof the Selling Shareholders agree to sell to the Underwriters, at the Closing Time (as hereinafter defined), all but not less than all of the Firm Shares at a price of $12.30 per Firm Share (the “Offering P
