EXHIBIT 10.7.1

 

ASSIGNMENT OF INTEREST AND OBLIGATIONS

 

Elamex, S.A. de C.V.

To

International Manufacturing Solutions Operaciones, S.R.L.

 

Elamex, S.A. de C.V., a United Mexican States Corporation (“Assignor”),
effective July 4, 2003, hereby assigns, conveys and transfers to International
Manufacturing Solutions Operaciones, S.R.L., a United Mexican States Limited
Liability Company (“Assignee”), all its rights, title and interest and all its
obligations in the Shelter Services Agreement between “Assignor” and Align
Technology, Inc., a California Corporations, dated June 3, 2002 (“Shelter
Service Agreement”).

 

       

ASSIGNOR

 

ELAMEX, S.A. de C.V.

Dated: 7/11/03       By:  

/s/    THOMAS J. BENSON        

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Acceptance

 

“Assignee”, effective July 4, 2003, hereby accepts the assignment, conveyance
and transfer set forth above and agrees to be bound by the terms (placed upon
“Assignor”) and agrees to perform the obligations (placed upon “Assignor”) under
and pursuant to the Shelter Service Agreement.

 

Furthermore the “Assignee” agrees to waive the requirements section 8.7 of the
Shelter Services Agreement as referenced below.

 

8.7. If ALIGN fails to pay timely, as required by the terms of this Agreement,
any of its indebtedness to ELAMEX, ALIGN hereby agrees to assign and make over
to ELAMEX all of its interest in all inventory of raw materials,
work-in-process, equipment and finished goods of ALIGN, while the same are on
the premises of the Facility or otherwise under the control or possession of
ELAMEX in order to secure all present and future indebtedness of ALIGN to
ELAMEX. ALIGN must advice ELAMEX in writing, prior to the execution of this
Agreement of any prior lien or interest granted on such items. In addition,
ALIGN warrants and hereby represents to ELAMEX that no other entity shall be
granted any interest in such items without the prior written approval of ELAMEX.

 

ASSIGNEE

 

INTERNATIONAL MANUFACTURING

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SOLUTIONS OPERACIONES, S.R.L.

Dated: 7/11/03

      By:  

/s/    LUIS ROMERO        

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Consent

 

Align Technology, Inc., hereby consents to the above Assignment and Acceptance.

 

       

ALIGN TECHNOLOGY, INC.

Dated: July 2, 2003

      By:  

/s/    LEN HEDGE        

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Len Hedge

VP of Operations