Exhibit 10.2

 

SECOND AMENDMENT

TO

LOAN AND SECURITY AGREEMENT

 

THIS SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENT is entered into as of
October 1, 2008 (the “Second Amendment”), by and among United Commercial Bank
(“Agent”), the financial institutions named on the signature pages hereto (each,
a “Lender” and collectively, the “Lenders”), and Aviza Technology, Inc., a
Delaware corporation, and Aviza, Inc., a Delaware corporation (each referred to
individually as a “Borrower” and collectively, as the “Borrowers”).

 

RECITALS

 

Borrowers and Agent are parties to that certain Loan and Security Agreement
dated as of April 13, 2007, as amended from time to time, including that certain
First Amendment to Loan and Security Agreement dated as of September 30, 2008
(the “Agreement”).  The parties desire to amend the Agreement in accordance with
the terms of this Second Amendment.

 

NOW, THEREFORE, the parties agree as follows:

 

1.                                     The following defined term in Section 1.1
of the Agreement is hereby amended to read as follows:

 

“Revolving Facility Advance Maturity Date” means October 13, 2009; provided
however, that in the event Borrowers’ net income, excluding stock-based
compensation, amortization expense, depreciation expense, net interest expense
and other noncash expenses, for the quarter ending December 31, 2008 is less
than $500,000, then the Revolving Facility Advance Maturity Date shall mean
April 13, 2009.

 

2.                                     Unless otherwise defined, all initially
capitalized terms in this Second Amendment shall be as defined in the
Agreement.  The Agreement, as amended hereby, shall be and remain in full force
and effect in accordance with its respective terms and hereby is ratified and
confirmed in all respects.  The execution, delivery, and performance of this
Second Amendment shall not operate as a waiver of, or as an amendment of, any
right, power, or remedy of Agent under the Agreement, as in effect prior to the
date hereof.  Each Borrower ratifies and reaffirms the continuing effectiveness
of all applications, instruments, documents and agreements entered into in
connection with the Agreement.

 

3.                                     Each Borrower represents and warrants
that the representations and warranties contained in the Agreement are true and
correct as of the date of this Second Amendment, and that no Event of Default
has occurred and is continuing.

 

4.                                     This Second Amendment may be executed in
two or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one instrument.

 

5.                                     As a condition to the effectiveness of
this Second Amendment, Agent shall have received, in form and substance
satisfactory to Agent, the following:

 

(a)                                  this Second Amendment, duly executed by
Borrower;

 

(b)                                  a commitment fee of $58,000, plus all Agent
Expenses incurred through the date of this Second Amendment; and

 

(c)                                  such other documents, and completion of
such other matters, as Agent may reasonably deem necessary or appropriate.

 

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1

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IN WITNESS WHEREOF, the undersigned have executed this Second Amendment as of
the first date above written.

 

 

AVIZA TECHNOLOGY, INC.

 

 

 

 

 

By:

/s/ Patrick C. O’Connor

 

 

 

 

Title:

Executive VP and CFO

 

 

 

 

 

 

AVIZA, INC.

 

 

 

 

 

By:

 /s/ Patrick C. O’Connor

 

 

 

 

Title:

Executive VP and CFO

 

 

 

 

 

 

UNITED COMMERCIAL BANK

 

 

 

 

 

By:

 /s/ Yu Fu Lin

 

 

 

 

Title:

FVP & Relationship Manager

 

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IN WITNESS WHEREOF, the undersigned have executed this Second Amendment as of
the first date above written.

 

 

 

EAST WEST BANK

 

 

 

 

 

By:

/s/ Kevin Chan

 

 

 

 

Title: 

FVP

 

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IN WITNESS WHEREOF, the undersigned have executed this Second Amendment as of
the first date above written.

 

 

 

CHINATRUST BANK (USA)

 

 

 

 

 

By:

/s/ Jane Ho

 

 

 

 

Title: 

SVP & Regional Manager

 

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