Form 8-K
8-K — Qorvo, Inc.
Accession: 0000950103-26-008888
Filed: 2026-06-12
Period: 2026-06-11
CIK: 0001604778
SIC: 3674 (SEMICONDUCTORS & RELATED DEVICES)
Item: Entry into a Material Definitive Agreement
Item: Financial Statements and Exhibits
Documents
8-K — dp248325_8k.htm (Primary)
EX-4.1 — EXHIBIT 4.1 (dp248325_ex0401.htm)
EX-4.2 — EXHIBIT 4.2 (dp248325_ex0402.htm)
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8-K — FORM 8-K
8-K (Primary)
Filename: dp248325_8k.htm · Sequence: 1
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2026-06-11
2026-06-11
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
June 11, 2026
(Date of earliest event reported)
Qorvo, Inc.
(Exact name of registrant as specified in its charter)
Delaware
001-36801
46-5288992
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(I.R.S. Employer
Identification Number)
7628 Thorndike Road, Greensboro, North Carolina
27409-9421
(Address of principal executive offices)
(Zip Code)
(336) 664-1233
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.0001 par value
QRVO
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry
into a Material Definitive Agreement.
In connection with the previously announced (i) proposed merger of
Comet Acquisition Corp., a wholly owned subsidiary of Skyworks Solutions, Inc. (“Skyworks”), with and into Qorvo, Inc. (the
“Company”) (the “First Merger”), with the Company surviving the First Merger as a wholly owned subsidiary of Skyworks
and (ii) immediately following the First Merger, and as the second step in a single integrated transaction with the First Merger, the
proposed merger of the Company with and into Comet Acquisition II, LLC, a wholly owned subsidiary of Skyworks (the “Second Merger”
and, together with the First Merger, the “Mergers”), with such subsidiary continuing as the surviving entity in the Second
Merger and a wholly-owned subsidiary of Skyworks, Skyworks is offering to exchange (the “Exchange Offers”) (i) any and all
outstanding 4.375% Senior Notes due 2029 issued by the Company (the “2029 Company Notes”) for up to $850 million aggregate
principal amount of new 4.375% Senior Notes due 2029 issued by Skyworks and (ii) any and all outstanding 3.375% Senior Notes due 2031
issued by the Company (the “2031 Company Notes” and, together with the 2029 Company Notes, the “Company Notes”)
for up to $700 million aggregate principal amount of new 3.375% Senior Notes due 2031 issued by Skyworks, pursuant to the terms and conditions
set forth in Skyworks’ Registration Statement on Form S-4 (File No. 333-296084), filed with the U.S. Securities and Exchange Commission
on May 20, 2026 and declared effective on May 29, 2026 (the “Registration Statement”), and the related Prospectus/Offers to
Exchange dated May 29, 2026, each as may be amended or supplemented from time to time.
In conjunction with the Exchange Offers, Skyworks, on behalf of the
Company, (i) solicited consents from holders of the 2029 Company Notes (“2029 Consents”) to adopt certain proposed amendments
to the base indenture, dated as of September 30, 2019, by and among the Company, the guarantors party thereto (the “2029 Guarantors”)
and Computershare Trust Company, N.A., as successor trustee to MUFG Union Bank, N.A., as trustee (the “Trustee”), as amended
and supplemented by the first supplemental indenture thereto, dated December 20, 2019, and by the second supplemental indenture thereto,
dated June 11, 2020 (as amended and supplemented, the “2029 Indenture”), governing the 2029 Company Notes to, among other
changes, eliminate substantially all of the restrictive covenants, certain affirmative covenants and certain events of default (the “2029
Proposed Amendments”) and (ii) solicited consents from holders of the 2031 Company Notes (“2031 Consents” and, together
with the 2029 Consents, the “Consents”) to adopt certain proposed amendments to the base indenture, dated as of September
29, 2020 (the “2031 Indenture”), by and among the Company, the guarantors party thereto (the “2031 Guarantors”)
and the Trustee, governing the 2031 Company Notes to, among other changes, eliminate substantially all of the restrictive covenants, certain
affirmative covenants and certain events of default (the “2031 Proposed Amendments” and, together with the 2029 Proposed Amendments,
the “Proposed Amendments”). As of June 11, 2026, the Company received the requisite number of Consents to adopt the Proposed
Amendments with respect to each series of Company Notes.
On June 11, 2026, the Company entered into a third supplemental indenture
to the 2029 Indenture, dated as of June 11, 2026 (the “2029 Third Supplemental Indenture”), by and among the Company, the
2029 Guarantors and the Trustee, giving effect to the 2029 Proposed Amendments. On June 11, 2026, the Company entered into a first supplemental
indenture to the 2031 Indenture, dated as of June 11, 2026 (the “2031 Supplemental Indenture” and, together with the 2029
Third Supplemental Indenture, the “Supplemental Indentures”), by and among the Company, the 2031 Guarantors and the Trustee,
giving effect to the 2031 Proposed Amendments.
The 2029 Third Supplemental Indenture is effective and constitutes
a binding agreement among the Company, the 2029 Guarantors and the Trustee. The 2031 Supplemental Indenture is effective and constitutes
a binding agreement among the Company, the 2031 Guarantors and the Trustee. However, the Proposed Amendments with respect to each series
of Company Notes will not become operative until (i) immediately prior to the consummation of the Mergers or (ii) immediately upon the
settlement of the Exchange Offer for such series of Company Notes, depending on the specific amendment, and will cease to be operative
if the Mergers are not consummated.
The 2029 Third Supplemental Indenture is filed as Exhibit 4.1 to this
Current Report on Form 8-K and is incorporated herein by reference. The 2031 Supplemental Indenture is filed as Exhibit 4.2 to this Current
Report on Form 8-K and is incorporated herein by reference. The above description of the Supplemental Indentures does not purport to be
complete and is qualified in its entirety by reference to such exhibit.
Item 9.01. Financial
Statements and Exhibits.
(d)
Exhibits.
Exhibit No.
Description
4.1
Third Supplemental Indenture, dated as of June 11, 2026, by and among Qorvo Inc., the guarantors party thereto and Computershare Trust Company, N.A., as Trustee.
4.2
First Supplemental Indenture, dated as of June 11, 2026, by and among Qorvo Inc., the guarantors party thereto and Computershare Trust Company, N.A., as Trustee.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
Signature
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Qorvo, Inc.
By:
/s/ Grant A. Brown
Grant A. Brown
Senior Vice President and Chief Financial Officer
Date: June 11, 2026
[Signature Page to Form 8-K]
EX-4.1 — EXHIBIT 4.1
EX-4.1
Filename: dp248325_ex0401.htm · Sequence: 2
Exhibit 4.1
QORVO,
INC.,
EACH
OF THE SUBSIDIARY GUARANTORS NAMED
ON
THE SIGNATURE PAGES HERETO
and
COMPUTERSHARE
TRUST COMPANY, N.A.,
as
Trustee
THIRD
SUPPLEMENTAL INDENTURE
Dated
as of June 11, 2026
4.375%
Senior Notes due 2029
TABLE OF CONTENTS
Page
Article I
DEFINITIONS
Section 1.1 Supplemental
Indenture
2
Section 1.2 Definitions
2
Article II
AMENDMENTS
Section 2.1 Certain
Amendments to the Base Indenture
2
Article III
MISCELLANEOUS
Section 3.1 Reference
to and Effect on Base Indenture.
3
Section 3.2 Relation
to and Effect on Base Indenture
3
Section 3.3 Governing
Law
3
Section 3.4 Concerning
the Trustee
3
Section 3.5 Successors
4
Section 3.6 Severability
4
Section 3.7 Counterpart
Originals
4
Section 3.8 Headings.
4
i
This THIRD SUPPLEMENTAL
INDENTURE, dated as of June 11, 2026 (this “Supplemental Indenture”), is among Qorvo, Inc., a Delaware limited liability
company (the “Company”), the Subsidiary Guarantors listed on Schedule A hereto (the “Subsidiary Guarantors”)
and Computershare Trust Company, N.A., as trustee (the “Trustee”) under the Indenture referred to below;
WHEREAS, the Company,
the Subsidiary Guarantors and the Trustee have executed and delivered an Indenture, dated as of September 30, 2019 (the “Base
Indenture”), as amended and supplemented by the First Supplemental Indenture, dated as of December 20, 2019, by and among the
Company, the Subsidiary Guarantors and the Trustee (the “First Supplemental Indenture”), as further amended and supplemented
by the Second Supplemental Indenture, dated as of June 11, 2020, by and among the Company, the Subsidiary Guarantors and the Trustee
(the “Second Supplemental Indenture” and, together with the Base Indenture, the First Supplemental Indenture and this
Supplemental Indenture, and as otherwise amended, modified or supplemented from time to time in accordance therewith, the “Indenture”)
pursuant to which the Company issued 4.375% Senior Notes due 2029 (the “Notes”);
WHEREAS, Section
9.02 of the Base Indenture provides that the Base Indenture may be amended with the written consent of the Holders of at least a
majority in aggregate principal amount of the Notes then outstanding (including consents obtained in connection with a purchase of, or
a tender offer or exchange offer for, the Notes) (the “Requisite Holders”);
WHEREAS, Skyworks
Solutions, Inc., a Delaware corporation (“Skyworks”), has offered to exchange (the “Exchange Offer”)
up to $850,000,000 aggregate principal amount of new 4.375% Senior Notes due 2029 issued by Skyworks for any and all outstanding Notes
upon the terms and subject to the conditions set forth in the prospectus/offers to exchange included in the Registration Statement on
Form S-4, dated May 29, 2026 (as it may be amended from time to time, the “Prospectus”);
WHEREAS, in connection
with the Exchange Offer, Skyworks has also solicited consents (the “Consent Solicitation”) from the Holders of the
Notes to certain proposed amendments (the “Proposed Amendments”) to the Base Indenture, requiring the consent of the
Requisite Holders, as described in, and upon the terms and subject to the conditions set forth in, the Prospectus, with the operation
of such Proposed Amendments being subject to the satisfaction or, where permitted, waiver by Skyworks of the conditions to the Exchange
Offer;
WHEREAS, Skyworks
has received and caused to be delivered to the Trustee evidence of the receipt of consents from the Requisite Holders to effect the Proposed
Amendments; and
WHEREAS, the Company
is undertaking to execute and deliver this Supplemental Indenture to effect the Proposed Amendments in the Base Indenture with respect
to the Notes in connection with the Consent Solicitation and the related Exchange Offer and in connection therewith, each of the Company
and the Subsidiary Guarantors have duly authorized the execution and delivery of this Supplemental Indenture.
NOW, THEREFORE,
each party hereto agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the Holders of the
Notes.
Article I
DEFINITIONS
Section 1.1
Supplemental Indenture. This Supplemental Indenture is supplemental to, and is entered into in accordance with Section
9.02 of, the Base Indenture, and except as expressly modified, amended and supplemented by this Supplemental Indenture, all the terms,
conditions and provisions of the Base Indenture are in all respects ratified and confirmed and shall remain in full force and effect.
Section 1.2
Definitions. Capitalized terms used in this Supplemental Indenture and not otherwise defined herein shall have the meanings
assigned to such terms in the Base Indenture.
Article II
AMENDMENTS
Section 2.1
Certain Amendments to the Base Indenture. The Base Indenture is hereby amended as follows:
(a)
Section 4.03 (“SEC Reports”); Section 4.04 (“Compliance Certificate”); Section 4.05
(“Taxes”); Section 4.07 (“Limitation on Restricted Payments”); Section 4.08 (“Limitation
on Restrictions on Distributions from Restricted Subsidiaries”); Section 4.09 (“Limitations on Indebtedness”); Section
4.10 (“Limitation on Sales of Assets and Subsidiary Stock”); Section 4.11 (“Limitation on Transactions with
Affiliates”); Section 4.12 (“Limitation on Liens”); Section 4.14 (“Change of Control Triggering
Event”); Section 4.15 (“Corporate Existence”); Section 4.18 (“Future Subsidiary Guarantors”);
Sections 5.01(a)(2), 5.01(a)(3) and 5.01(b) (“Merger and Consolidation”); and Sections 6.01(a)(3),
6.01(a)(4), 6.01(a)(5), 6.01(a)(6), 6.01(a)(7) and 6.01(a)(8) (“Events of Default”) are
hereby deleted in their respective entireties;
(b)
the Company and the Subsidiary Guarantors shall be released from their respective obligations under each of the provisions set
forth in clause (a) above and the failure to comply with the terms of any of the provisions set forth in clause (a) above shall no longer
constitute a Default or an Event of Default under or a breach of the Base Indenture and shall no longer have any other consequence under
the Base Indenture;
(c)
all definitions set forth in Section 1.01 of the Base Indenture that relate to defined terms used solely in sections that
have been deleted in their respective entireties pursuant to clause (a) above are also hereby deleted in their respective entireties;
(d)
all references to Sections of the Base Indenture amended or supplemented by this Supplemental Indenture shall be to such Sections
as amended or supplemented by this Supplemental Indenture; and
(e)
all references to Sections or defined terms deleted by this Supplemental Indenture shall be removed from the Global Notes (including,
for the avoidance of doubt, Section 8 thereof).
2
This Supplemental
Indenture shall become effective upon the execution and delivery hereby by the Company, the Subsidiary Guarantors and the Trustee; provided
however, that the amendments provided for in Section 2.1 hereof shall not become operative until the completion and settlement
of the Consent Solicitation (the “Settlement Date”) (other than the amendment deleting Section 4.14 of the
Base Indenture, which shall become operative immediately prior to the closing of the Mergers (as defined in the Prospectus)), which is
expected to occur no earlier than the second business day after the closing of the Mergers.
Effective as of
the date hereof and operative on the Settlement Date, none of the Company, the Subsidiary Guarantors, the Trustee or other parties to
or beneficiaries of the Indenture shall have any rights, obligations or liabilities under such deleted Sections or clauses and such deleted
Sections or clauses shall not be considered in determining whether a Default or Event of Default has occurred or whether the Company
or any of the Subsidiary Guarantors has observed, performed or complied with the provisions of the Indenture.
Article III
MISCELLANEOUS
Section 3.1
Reference to and Effect on Base Indenture. Upon the date hereof, each reference in the Base Indenture to “this Indenture,”
“hereunder,” “hereof,” or “herein” shall mean and be a reference to the Base Indenture as supplemented
by this Supplemental Indenture, unless the context requires otherwise.
Section 3.2
Relation to and Effect on Base Indenture. This Supplemental Indenture amends or supplements the Indenture and shall be
a part of and subject to all the terms thereof. Except as supplemented hereby, all of the terms, provisions and conditions of the Indenture
and the Notes issued thereunder shall continue in full force and effect. In the event of a conflict between the terms and conditions
of the Indenture and the terms and conditions of this Supplemental Indenture, then the terms and conditions of this Supplemental Indenture
shall prevail.
Section 3.3
Governing Law. THIS SUPPLEMENTAL INDENTURE AND ANY CLAIM, CONTROVERSY OR DISPUTE RELATING TO OR ARISING OUT OF THIS AGREEMENT
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO
BE PERFORMED IN SUCH STATE WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF.
Section 3.4
Concerning the Trustee. The Trustee accepts the modifications of the trust effected by this Supplemental Indenture, but
only upon the terms and conditions set forth in the Indenture. Without limiting the generality of the foregoing, the Trustee assumes
no responsibility for the correctness of the recitals herein contained which shall be taken as statements of the Company and the Subsidiary
Guarantors, and the Trustee shall not be responsible or accountable in any way whatsoever for or with respect to the validity or execution
or sufficiency of this Supplemental Indenture, and the Trustee makes no representation with respect thereto.
3
Section 3.5
Successors. All agreements of the Company in this Supplemental Indenture and the Notes shall bind its successors. All agreements
of the Trustee in this Supplemental Indenture shall bind its successors. All agreements of each Subsidiary Guarantor in this Supplemental
Indenture shall bind such Subsidiary Guarantor’s successors.
Section 3.6
Severability. In case any one or more of the provisions in this Supplemental Indenture shall be held invalid, illegal or
unenforceable, in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect
and of the remaining provisions shall not in any way be affected or impaired thereby, it being intended that all of the provisions hereof
shall be enforceable to the full extent permitted by law.
Section 3.7
Counterpart Originals. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall
be an original, but all of them together represent the same agreement. The exchange of copies of this Supplemental Indenture and of signature
pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties
hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted
by facsimile or PDF shall be deemed to be their original signatures for all purposes. This Supplemental Indenture shall be valid, binding,
and enforceable against a party only when executed and delivered by an authorized individual on behalf of the party by means of (i) any
electronic signature permitted by the federal Electronic Signatures in Global and National Commerce Act, state enactments of the Uniform
Electronic Transactions Act, and/or any other relevant electronic signatures law, including relevant provisions of the Uniform Commercial
Code/UCC (collectively, “Signature Law”); (ii) an original manual signature; or (iii) a faxed, scanned, or photocopied manual
signature. Each electronic signature or faxed, scanned, or photocopied manual signature shall for all purposes have the same
validity, legal effect, and admissibility in evidence as an original manual signature. Each party hereto shall be entitled
to conclusively rely upon, and shall have no liability with respect to, any faxed, scanned, or photocopied manual signature, or other
electronic signature, of any party and shall have no duty to investigate, confirm or otherwise verify the validity or authenticity thereof. This
Supplemental Indenture may be executed in any number of counterparts, each of which shall be deemed to be an original, but such counterparts
shall, together, constitute one and the same instrument. For avoidance of doubt, original manual signatures shall be used
for execution or indorsement of writings when required under the UCC or other Signature Law due to the character or intended character
of the writings.
Section 3.8
Headings. The Headings of the Sections of this Supplemental Indenture have been inserted
for convenience of reference only, are not to be considered a part of this Supplemental Indenture and shall in no way modify or restrict
any of the terms or provisions hereof.
[Signature pages
follow.]
4
IN WITNESS WHEREOF,
the parties have caused this Supplemental Indenture to be duly executed, all as of the date first above written.
QORVO, INC.
By:
/s/ Grant Allen Brown
Name:
Grant Allen Brown
Title:
Senior Vice President and Chief
Financial Officer
Amalfi Semiconductor, Inc.
as a Subsidiary Guarantor
By:
/s/ Grant Allen Brown
Name:
Grant Allen Brown
Title:
Director and President
Qorvo Oregon Inc.
as a Subsidiary Guarantor
By:
/s/ Grant Allen Brown
Name:
Grant Allen Brown
Title:
Director and Chief Financial Officer
Qorvo US, Inc.
as a Subsidiary Guarantor
By:
/s/ Grant Allen Brown
Name:
Grant Allen Brown
Title:
Director and Vice President
[Signature page to Third Supplemental Indenture]
Qorvo Texas, LLC
as a Subsidiary Guarantor
By:
Qorvo US, Inc.,
its member
By:
/s/ Grant Allen Brown
Name:
Grant Allen Brown
Title:
Director and Vice President
RFMD, LLC
as a Subsidiary Guarantor
By:
/s/ Grant Allen Brown
Name:
Grant Allen Brown
Title:
Director, Vice President,
Treasurer & Secretary
COMPUTERSHARE TRUST COMPANY, N.A.
as Trustee
By:
/s/ Chriss Reichow
Name:
Chriss Reichow
Title:
Vice President
[Signature
page to Third Supplemental Indenture]
SCHEDULE A
No.
Subsidiary Guarantor
Jurisdiction
1.
Amalfi Semiconductor, Inc.
Delaware
2.
Qorvo Oregon, Inc.
Oregon
3.
Qorvo US, Inc.
Delaware
4.
Qorvo Texas, LLC
Texas
5.
RFMD, LLC
North Carolina
EX-4.2 — EXHIBIT 4.2
EX-4.2
Filename: dp248325_ex0402.htm · Sequence: 3
Exhibit 4.2
QORVO, INC.,
EACH OF THE SUBSIDIARY
GUARANTORS NAMED
ON THE SIGNATURE PAGES
HERETO
and
COMPUTERSHARE TRUST COMPANY,
N.A.,
as Trustee
SUPPLEMENTAL INDENTURE
Dated as of June 11, 2026
3.375% Senior Notes due
2031
TABLE OF CONTENTS
Page
Article I
DEFINITIONS
Section 1.1
Supplemental Indenture
2
Section 1.2
Definitions
2
Article II
AMENDMENTS
Section 2.1
Certain Amendments to the Base Indenture
2
Article III
MISCELLANEOUS
Section 3.1
Reference to and Effect on Base Indenture
3
Section 3.2
Relation to and Effect on Base Indenture
3
Section 3.3
Governing Law
3
Section 3.4
Concerning the Trustee
3
Section 3.5
Successors
3
Section 3.6
Severability
4
Section 3.7
Counterpart Originals
4
Section 3.8
Headings
4
i
This SUPPLEMENTAL INDENTURE, dated as of June 11,
2026 (this “Supplemental Indenture”), is among Qorvo, Inc., a Delaware limited liability company (the “Company”),
the Subsidiary Guarantors listed on Schedule A hereto (the “Subsidiary Guarantors”) and Computershare Trust Company,
N.A., as trustee (the “Trustee”) under the Indenture referred to below;
WHEREAS, the Company, the Subsidiary Guarantors
and the Trustee have executed and delivered an Indenture, dated as of September 29, 2020 (the “Base Indenture” and,
together with this Supplemental Indenture, and as otherwise amended, modified or supplemented from time to time in accordance therewith,
the “Indenture”) pursuant to which the Company issued 3.375% Senior Notes due 2031 (the “Notes”);
WHEREAS, Section 9.02 of the Base Indenture
provides that the Base Indenture may be amended with the written consent of the Holders of at least a majority in aggregate principal
amount of the Notes then outstanding (including consents obtained in connection with a purchase of, or a tender offer or exchange offer
for, the Notes) (the “Requisite Holders”);
WHEREAS, Skyworks Solutions, Inc., a Delaware corporation
(“Skyworks”), has offered to exchange (the “Exchange Offer”) up to $700,000,000 aggregate principal
amount of new 3.375% Senior Notes due 2031 issued by Skyworks for any and all outstanding Notes upon the terms and subject to the conditions
set forth in the prospectus/offers to exchange included in the Registration Statement on Form S-4, dated May 29, 2026 (as it may be amended
from time to time, the “Prospectus”);
WHEREAS, in connection with the Exchange Offer,
Skyworks has also solicited consents (the “Consent Solicitation”) from the Holders of the Notes to certain proposed
amendments (the “Proposed Amendments”) to the Base Indenture, requiring the consent of the Requisite Holders, as described
in, and upon the terms and subject to the conditions set forth in, the Prospectus, with the operation of such Proposed Amendments being
subject to the satisfaction or, where permitted, waiver by Skyworks of the conditions to the Exchange Offer;
WHEREAS, Skyworks has received and caused to be
delivered to the Trustee evidence of the receipt of consents from the Requisite Holders to effect the Proposed Amendments; and
WHEREAS, the Company is undertaking to execute
and deliver this Supplemental Indenture to effect the Proposed Amendments in the Base Indenture with respect to the Notes in connection
with the Consent Solicitation and the related Exchange Offer and in connection therewith, each of the Company and the Subsidiary Guarantors
have duly authorized the execution and delivery of this Supplemental Indenture.
NOW, THEREFORE, each party hereto agrees as follows
for the benefit of the other parties and for the equal and ratable benefit of the Holders of the Notes.
Article I
DEFINITIONS
Section 1.1 Supplemental Indenture. This Supplemental
Indenture is supplemental to, and is entered into in accordance with Section 9.02 of, the Base Indenture, and except as expressly
modified, amended and supplemented by this Supplemental Indenture, all the terms, conditions and provisions of the Base Indenture are
in all respects ratified and confirmed and shall remain in full force and effect.
Section 1.2 Definitions.
Capitalized terms used in this Supplemental Indenture and not otherwise defined herein shall have the meanings assigned to such terms
in the Base Indenture.
Article II
AMENDMENTS
Section 2.1 Certain Amendments to the Base Indenture.
The Base Indenture is hereby amended as follows:
(a) Section
4.03 (“SEC Reports”); Section 4.04 (“Compliance Certificate”); Section 4.05 (“Taxes”);
Section 4.12 (“Limitation on Liens”); Section 4.14 (“Change of Control Triggering Event”); Section
4.15 (“Corporate Existence”); Section 4.18 (“Future Subsidiary Guarantors”); Section 4.21 (“Limitation
on Sale and Leaseback Transactions”); Sections 5.01(a)(2) and 5.01(b) (“Merger and Consolidation”); and
Sections 6.01(a)(3), 6.01(a)(4), 6.01(a)(5), 6.01(a)(6), 6.01(a)(7) and 6.01(a)(8) (“Events
of Default”) are hereby deleted in their respective entireties;
(b) the
Company and the Subsidiary Guarantors shall be released from their respective obligations under each of the provisions set forth in clause
(a) above and the failure to comply with the terms of any of the provisions set forth in clause (a) above shall no longer constitute a
Default or an Event of Default under or a breach of the Base Indenture and shall no longer have any other consequence under the Base Indenture;
(c) all
definitions set forth in Section 1.01 of the Base Indenture that relate to defined terms used solely in sections that have been
deleted in their respective entireties pursuant to clause (a) above are also hereby deleted in their respective entireties;
(d) all
references to Sections of the Base Indenture amended or supplemented by this Supplemental Indenture shall be to such Sections as amended
or supplemented by this Supplemental Indenture; and
(e) all
references to Sections or defined terms deleted by this Supplemental Indenture shall be removed from the Global Notes (including, for
the avoidance of doubt, Section 8 thereof).
This Supplemental Indenture shall become effective
upon the execution and delivery hereby by the Company, the Subsidiary Guarantors and the Trustee; provided however, that the
2
amendments provided for in Section 2.1 hereof
shall not become operative until the completion and settlement of the Consent Solicitation (the “Settlement Date”) (other
than the amendment deleting Section 4.14 of the Base Indenture, which shall become operative immediately prior to the closing of
the Mergers (as defined in the Prospectus)), which is expected to occur no earlier than the second business day after the closing of the
Mergers.
Effective as of the date hereof and operative on
the Settlement Date, none of the Company, the Subsidiary Guarantors, the Trustee or other parties to or beneficiaries of the Indenture
shall have any rights, obligations or liabilities under such deleted Sections or clauses and such deleted Sections or clauses shall not
be considered in determining whether a Default or Event of Default has occurred or whether the Company or any of the Subsidiary Guarantors
has observed, performed or complied with the provisions of the Indenture.
Article III
MISCELLANEOUS
Section 3.1 Reference
to and Effect on Base Indenture. Upon the date hereof, each reference in the Base Indenture to “this Indenture,” “hereunder,”
“hereof,” or “herein” shall mean and be a reference to the Base Indenture as supplemented by this Supplemental
Indenture, unless the context requires otherwise.
Section 3.2 Relation
to and Effect on Base Indenture. This Supplemental Indenture amends or supplements the Indenture and shall be a part of and subject
to all the terms thereof. Except as supplemented hereby, all of the terms, provisions and conditions of the Indenture and the Notes issued
thereunder shall continue in full force and effect. In the event of a conflict between the terms and conditions of the Indenture and
the terms and conditions of this Supplemental Indenture, then the terms and conditions of this Supplemental Indenture shall prevail.
Section 3.3 Governing
Law. THIS SUPPLEMENTAL INDENTURE AND ANY CLAIM, CONTROVERSY OR DISPUTE RELATING TO OR ARISING OUT OF THIS AGREEMENT SHALL BE GOVERNED
BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN SUCH
STATE WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF.
Section 3.4 Concerning
the Trustee. The Trustee accepts the modifications of the trust effected by this Supplemental Indenture, but only upon the terms
and conditions set forth in the Indenture. Without limiting the generality of the foregoing, the Trustee assumes no responsibility for
the correctness of the recitals herein contained which shall be taken as statements of the Company and the Subsidiary Guarantors, and
the Trustee shall not be responsible or accountable in any way whatsoever for or with respect to the validity or execution or sufficiency
of this Supplemental Indenture, and the Trustee makes no representation with respect thereto.
Section 3.5 Successors.
All agreements of the Company in this Supplemental Indenture and the Notes shall bind its successors. All agreements of the Trustee in
this
3
Supplemental Indenture shall bind its successors. All agreements of
each Subsidiary Guarantor in this Supplemental Indenture shall bind such Subsidiary Guarantor’s successors.
Section 3.6 Severability. In case any
one or more of the provisions in this Supplemental Indenture shall be held invalid, illegal or unenforceable, in any respect for any
reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions shall
not in any way be affected or impaired thereby, it being intended that all of the provisions hereof shall be enforceable to the full
extent permitted by law.
Section 3.7 Counterpart
Originals. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all
of them together represent the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile
or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may
be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or
PDF shall be deemed to be their original signatures for all purposes. This Supplemental Indenture shall be valid, binding, and enforceable
against a party only when executed and delivered by an authorized individual on behalf of the party by means of (i) any electronic signature
permitted by the federal Electronic Signatures in Global and National Commerce Act, state enactments of the Uniform Electronic Transactions
Act, and/or any other relevant electronic signatures law, including relevant provisions of the Uniform Commercial Code/UCC (collectively,
“Signature Law”); (ii) an original manual signature; or (iii) a faxed, scanned, or photocopied manual signature. Each
electronic signature or faxed, scanned, or photocopied manual signature shall for all purposes have the same validity, legal effect,
and admissibility in evidence as an original manual signature. Each party hereto shall be entitled to conclusively rely upon,
and shall have no liability with respect to, any faxed, scanned, or photocopied manual signature, or other electronic signature, of any
party and shall have no duty to investigate, confirm or otherwise verify the validity or authenticity thereof. This Supplemental
Indenture may be executed in any number of counterparts, each of which shall be deemed to be an original, but such counterparts shall,
together, constitute one and the same instrument. For avoidance of doubt, original manual signatures shall be used for execution
or indorsement of writings when required under the UCC or other Signature Law due to the character or intended character of the writings.
Section 3.8 Headings.
The Headings of the Sections of this Supplemental Indenture have been inserted for convenience of reference only, are not to be considered
a part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
[Signature pages follow.]
4
IN WITNESS WHEREOF, the parties have caused this
Supplemental Indenture to be duly executed, all as of the date first above written.
QORVO, INC.
By:
/s/ Grant Allen Brown
Name:
Grant Allen Brown
Title:
Senior Vice President and Chief Financial Officer
Amalfi Semiconductor, Inc.
as a Subsidiary Guarantor
By:
/s/ Grant Allen Brown
Name:
Grant Allen Brown
Title:
Director and President
Qorvo Oregon Inc.
as a Subsidiary Guarantor
By:
/s/ Grant Allen Brown
Name:
Grant Allen Brown
Title:
Director and Chief Financial Officer
Qorvo US, Inc.
as a Subsidiary Guarantor
By:
/s/ Grant Allen Brown
Name:
Grant Allen Brown
Title:
Director and Vice President
[Signature page to Supplemental Indenture]
Qorvo Texas, LLC
as a Subsidiary Guarantor
By:
Qorvo US, Inc.,
its member
By:
/s/ Grant Allen Brown
Name:
Grant Allen Brown
Title:
Director and Vice President
RFMD, LLC
as a Subsidiary Guarantor
By:
/s/ Grant Allen Brown
Name:
Grant Allen Brown
Title:
Director, Vice President, Treasurer & Secretary
COMPUTERSHARE TRUST COMPANY, N.A.
as Trustee
By:
/s/ Chriss Reichow
Name:
Chriss Reichow
Title:
Vice President
[Signature page to Supplemental Indenture]
SCHEDULE A
No.
Subsidiary Guarantor
Jurisdiction
1.
Amalfi Semiconductor, Inc.
Delaware
2.
Qorvo Oregon, Inc.
Oregon
3.
Qorvo US, Inc.
Delaware
4.
Qorvo Texas, LLC
Texas
5.
RFMD, LLC
North Carolina
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Jun. 11, 2026
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