Exhibit 10.59
Amendment No 7
Manufacturing Services and Supply Agreement
     This Amendment No. 7 to the Manufacturing Services and Supply Agreement
(“Amendment”) is entered into between Flextronics Industrial, Ltd., a Mauritius
company with a place of business at Level 3, Alexander House, 35 Cybercity,
Ebene, Mauritius, an affiliate of Flextronics Corporation (successor in interest
to Solectron Corporation), a Delaware corporation, and its subsidiaries and
affiliates, which includes Flextronics Technology Singapore Ltd., Flextronics
Technology Sdn Bhd, Flextronics Netherlands BV and any other Offshore Business
Headquarters (together or individually, “Flextronics”), and Asyst Technologies,
Inc., and its subsidiaries and affiliates (together or individually, “Asyst”),
effective August 13, 2008 (the “Amendment Effective Date”), and amends to the
extent expressly provided below the Manufacturing Services and Supply Agreement
dated September 5, 2002 between Asyst and Solectron Corporation (and as
previously amended on September 22, 2003, February 17, 2005, June 10, 2005,
August 1, 2005, March 20, 2006, and June 23, 2006, the “Agreement”).
     WHEREAS, the parties are entering into this Amendment for the purposes of
amending and supplementing certain key terms and conditions of the Agreement and
to extend as provided herein the relationship between the parties in which
Flextronics manufactures Products for Asyst upon such amended and supplemented
terms and conditions.
     NOW, THEREFORE, for good and valuable consideration, the receipt and
adequacy of which is hereby acknowledged, Flextronics and Asyst agree to amend
and supplement, and do hereby amend and supplement, the Agreement to the extent
and as expressly provided below, to add the following additional terms and
conditions:

1.   Attachment R to the Agreement is deleted in its entirety and superseded by
the Pricing Model set forth in Section 4, below.   2.   Section 10.1 is amended
and restated in its entirety as follows: “Manufacturer’s pricing model is set
forth in the Pricing Model set forth in Amendment No. 7 to the Manufacturing
Services and Supply Agreement. All prices exclude, and Asyst shall be solely
obligated and liable to pay, all sales, use, excise, import, export and other
taxes to the extent levied upon either party with specific respect to Products
Asyst purchases under this Agreement. However, Asyst shall have no obligation or
liability with respect to taxes generally levied on Flextronics in connection
with the conduct of its business or, specifically taxes based on Flextronics’
net income relating to Products Asyst purchases under this Agreement.”   3.  
Other than with respect to the Pricing Model set forth in Section 4 below, which
shall be effective commencing with the quarterly period beginning as of
January 1, 2009 and through the remainder of the term of the Agreement, all
terms set

 
Note: [*] indicates material that has been omitted and filed separately with the
Securities and Exchange Commission pursuant to a request for confidential
treatment.

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    forth in this Amendment shall apply and be deemed automatically effective as
of the Amendment Effective Date with respect to Products under the Agreement.

4.   Pricing Model. The Pricing Model for the Products is based on certain
levels of Actual Revenue (as defined below) over a quarterly period commencing
with the quarterly period beginning as of January 1, 2009.

  4.1.   Before the start of each fiscal quarter, the parties will meet to
discuss the various components affecting the Pricing Model, including, but not
limited to, the bill of materials indicating material costs for Products,
Forecasted Revenue (as defined below) and standard labor hours per FISO Product
and STS at Kallang (the “Quarterly Review Process”).     4.2.   The Pricing
Model sets forth a mark-up schedule to the material costs that Flextronics will
charge Asyst as part of the Product price. The mark-up schedule, and therefore,
the Product price calculation, is different for: (i) each quarterly Product
price quote; (ii) each quarterly Kallang PCBA quote; and (iii) each quarterly
reconciliation as set forth in Section 4.8 below.

  4.2.1.   Quarterly Product Price Quote Calculation. For each quarterly Product
price quote, the quoted Product price will be calculated based upon the mark-ups
set forth below, pursuant to the FISO Volume Pricing Model Revenue band relevant
to Forecasted Revenue for that quarter.

  4.2.1.1.   Material overhead (“MOH”) costs are based on the indicated
applicable percentage of material costs.     4.2.1.2.   Labor costs are based on
(i) the agreed labor rates set forth in the Pricing Model and (ii) applicable
standard hours per Product as determined and agreed in advance in writing by the
parties during the Quarterly Review Process.     4.2.1.3.   Selling, general and
administrative (“SGA”) costs are based on the indicated applicable percentage of
the sum of material costs + MOH + labor costs.     4.2.1.4.   Profit is based on
the indicated applicable percentage of the sum of material costs + MOH + labor
costs + SGA.

  4.2.2.   Quarterly Kallang PCBA Price Quote. For each quarterly Kallang PCBA
price quote, the quoted PCBA price will be calculated based upon the mark-ups
set forth below, pursuant to

 
Note: [*] indicates material that has been omitted and filed separately with the
Securities and Exchange Commission pursuant to a request for confidential
treatment.

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      the Kallang PCBA Volume Pricing Model Revenue band relevant to Forecasted
Revenue for that quarter.

  4.2.2.1.   Material overhead (“MOH”) costs are based on the indicated
applicable percentage of material costs.     4.2.2.2.   Labor costs are based on
the direct labor (“DL”) and indirect labor (“IDL”) percentages set forth in the
Kallang PCBA Volume Price Model.     4.2.2.3.   Selling, general and
administrative (“SGA”) costs are based on the indicated applicable percentage of
the sum of material costs + MOH + DL + IDL.     4.2.2.4.   Profit is based on
the indicated applicable percentage of the sum of material costs + MOH + DL +
IDL + SGA.

  4.2.3.   Quarterly Reconciliation Calculation. For each quarterly
reconciliation done pursuant to Section 4.8, the aggregate Actual Revenue
calculation will be calculated based upon the mark-ups set forth below, pursuant
to the applicable Pricing Model Revenue band relevant to Actual Revenue for that
quarter.

  4.2.3.1.   Material overhead (“MOH”) costs are based on the indicated
applicable percentage of material costs.     4.2.3.2.   Labor costs are based on
the DL and IDL percentages set forth in the applicable Price Model.     4.2.3.3.
  Selling, general and administrative (“SGA”) costs are based on the indicated
applicable percentage of the sum of material costs + MOH + DL + IDL.    
4.2.3.4.   Profit is based on the indicated applicable percentage of the sum of
material costs + MOH + DL + IDL + SGA.

  4.3.   The FISO Volume Pricing Model does not include freight costs, which
actual freight costs Flextronics will charge separately to Asyst.     4.4.   The
Kallang PCBA Volume Pricing Model does include freight costs.     4.5.   The
FISO and Kallang Pricing Models include Flextronics’ standard twelve (12) month
workmanship and materials warranty, as provided in Section 11.1 of the
Agreement.

 
Note: [*] indicates material that has been omitted and filed separately with the
Securities and Exchange Commission pursuant to a request for confidential
treatment.

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  4.6.   New product introduction (“NPI”) costs are not included in this Pricing
Model, and will be quoted and agreed separately in advance in writing; provided,
however, that once a new product is deemed a Product under the Agreement, the
Pricing Model shall apply without any additional NPI costs thereafter.     4.7.
  Non-recurring engineering (“NRE”) costs are not included in the Pricing Model,
and will be quoted and agreed separately in advance in writing.     4.8.   A
quarterly reconciliation will be performed at the end of each quarter to
reconcile Forecasted Revenue to Actual Revenue for the quarter just-ended. If
there is a balance due from one party to the other based on a recalculation of
the quoted Product price using the mark-ups set forth on the Pricing Model
Revenue band applicable to the Actual Revenue, the party owed such balance will
issue an invoice to the other party. Such invoice will be paid within thirty
(30) days of receipt. Examples of this quarterly reconciliation are set forth on
Attachment A.

  4.8.1.   “Forecasted Revenue” for a quarterly period will be provided by Asyst
to Flextronics before the start of each quarter as part of the Quarterly Review
Process.     4.8.2.   “Actual Revenue” for a quarterly period is determined
based on the following: (i) Products delivered in the relevant quarter;
(ii) services delivered by Flextronics to Asyst in the relevant quarter; and
(iii) the amount of commercial claims paid by Asyst in the relevant quarter,
excluding inventory buy-back and inventory buy-down.

  4.9.   All prices are based on US Dollars and all deliveries shall be deemed
Ex Works Flextronics manufacturing facility (Incoterms 2000).     4.10.   If
Actual Revenue for the quarterly period beginning as of the quarter starting
October 1, 2008 falls below $[*] USD the parties agree to negotiate in good
faith on a further and appropriate upward adjustment of the Pricing Model that
should apply to the Actual Revenue for that quarter.     4.11.   If Actual
Revenue for any quarterly period beginning as of the quarter starting January 1,
2009 falls below $[*] USD the parties agree to negotiate in good faith on a
further and appropriate upward adjustment of the Pricing Model that should apply
to the Actual Revenue for that quarter.

 
Note: [*] indicates material that has been omitted and filed separately with the
Securities and Exchange Commission pursuant to a request for confidential
treatment.

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  4.12.   The following table reflects the mark-ups to material costs outlined
above based upon the appropriate Revenue band set forth below:

                                                              FISO Volume
Pricing Model Revenue $   MOH   DL   Mfg OH   SGA   Profit   Labor Rate   Test
Rate  
>[*]
    [*] %     [*] %     [*] %     [*] %     [*] %   $ [*]     $ [*]  
>[*]
    [*] %     [*] %     [*] %     [*] %     [*] %   $ [*]     $ [*]  
>[*]
    [*] %     [*] %     [*] %     [*] %     [*] %   $ [*]     $ [*]  
>[*]
    [*] %     [*] %     [*] %     [*] %     [*] %   $ [*]     $ [*]  
>[*]
    [*] %     [*] %     [*] %     [*] %     [*] %   $ [*]     $ [*]  
>[*]
    [*] %     [*] %     [*] %     [*] %     [*] %   $ [*]     $ [*]  
>[*]
    [*] %     [*] %     [*] %     [*] %     [*] %   $ [*]     $ [*]  
>[*]
    [*] %     [*] %     [*] %     [*] %     [*] %   $ [*]     $ [*]  
>[*]
    [*] %     [*] %     [*] %     [*] %     [*] %   $ [*]     $ [*]  
>[*]
    [*] %     [*] %     [*] %     [*] %     [*] %   $ [*]     $ [*]  

                                              Kallang PCBA Volume Pricing Model
Revenue $   MOH   DL   Mfg OH   SGA   Profit  
>[*]
    [*] %     [*] %     [*] %     [*] %     [*] %
>[*]
    [*] %     [*] %     [*] %     [*] %     [*] %
>[*]
    [*] %     [*] %     [*] %     [*] %     [*] %
>[*]
    [*] %     [*] %     [*] %     [*] %     [*] %
>[*]
    [*] %     [*] %     [*] %     [*] %     [*] %
>[*]
    [*] %     [*] %     [*] %     [*] %     [*] %
>[*]
    [*] %     [*] %     [*] %     [*] %     [*] %
>[*]
    [*] %     [*] %     [*] %     [*] %     [*] %

5.   Upon periodic consultation with Asyst, Flextronics may reduce its
manufacturing costs in a manner that balances service levels and expenses in
order to achieve Flextronics’ pricing model assumptions for Products; provided,
however, that such cost reduction activities shall not affect quality and
response-times.   6.   Quarterly Payments — Asyst will pay to Flextronics a
total of $[*] USD, as consideration for the forecasted impact on Flextronics due
to the reductions in purchase volumes or Revenue to Flextronics in the quarters
ending June 30, 2008 and September 30, 2008, of which $[*] will be due to the
lower purchase volumes or Revenue to Flextronics in the quarter ending June 30,
2008 and $[*] will be due to the lower purchase volumes or Revenue to
Flextronics in the quarter ending September 30, 2008. The payment will be made
in three equal payments, each in the amount of $[*]. Such payments will be made
as follows: 1) the first payment will be deemed earned and due and owed as of
January 1, 2009 and payable within thirty (30) days; 2) the second payment will
be deemed earned and due and owed as of April 1, 2009, and payable within thirty
(30) days; and 3) the third payment will be deemed earned and due and owed as of
July 1, 2009, and

 
Note: [*] indicates material that has been omitted and filed separately with the
Securities and Exchange Commission pursuant to a request for confidential
treatment.

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    payable within thirty (30) days. This Section 6 survives any termination of
the Agreement   7.   Flextronics Release. Subject to the terms and conditions of
this Amendment, including, but not limited to, the payment of all amounts set
forth in Paragraph 6 herein above, Flextronics, on behalf of itself and its
direct and indirect subsidiaries and affiliated entities (the “Flextronics
Releasing Party”), agrees and hereby completely releases and forever discharges
Asyst, and its direct and indirect subsidiaries and affiliated entities (the
“Asyst Released Parties”), from any and all claims, rights, causes or actions,
of any and every kind, nature and character, known or unknown, foreseen or
unforeseen, based on any right, act, omission or expectation that exist or
existed as of the date of the last signature below to receive or be further
compensated under the Agreement or otherwise, including, but not limited to, any
and all claims by the Flextronics Releasing Party to recover or be compensated
for dollars lost due to the significant revenue drop and to recover foreign
exchange loss (excluding only (i) any outstanding invoices or payment for
product, services or excess material under the terms of the Agreement that are
not yet invoiced; and (ii) amounts claimed to be owed by Asyst to Flextronics
for commercial claims). Except as set forth herein, neither party has any right
or expectation under the Agreement or otherwise for any additional payments
related to past business.       Asyst Release. Subject to the terms and
conditions of this Amendment and in consideration for the payment amounts set
forth in Paragraph 6 herein above, Asyst, on behalf of itself and its direct and
indirect subsidiaries and affiliated entities (the “Asyst Releasing Party”, and
together with the Flextronics Releasing Party, the “Releasing Parties”), agrees
and hereby completely releases and forever discharges Flextronics, and its
direct and indirect subsidiaries and affiliated entities (the “Flextronics
Released Parties”, and together with the Asyst Released Parties, the “Released
Parties”), from any and all claims, rights, causes or actions, of any and every
kind, nature and character, known or unknown, foreseen or unforeseen, based on
any right, act, omission or expectation that exist or existed as of the date of
the last signature below to receive or be further compensated under the
Agreement or otherwise, including, but not limited to, any and all claims by the
Asyst Releasing Party to recover or be compensated for dollars lost due to the
significant revenue drop and to recover foreign exchange loss (excluding only
any amounts claimed to be owed by Flextronics to Asyst for PPV). Except as set
forth herein, neither party has any right or expectation under the Agreement or
otherwise for any additional payments related to past business.       The
parties also agree that, by signing this Amendment and accepting the mutual
benefits set forth herein, the parties waive and release and promise never to
assert any such claims that you might have against the Released Parties. Each
party therefore waives its rights under section 1542 of the Civil Code of
California, or other comparable provision of applicable law, which states:

 
Note: [*] indicates material that has been omitted and filed separately with the
Securities and Exchange Commission pursuant to a request for confidential
treatment.

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A general release does not extend to claims which the creditor does not know or
suspect to exist in his favor at the time of executing the release, which if
known to him must have materially affected his settlement with the debtor

8.   Flextronics shall be the provider of all Asyst’s outsourced manufacturing
services for the term of the Agreement for all Products made a part of this
Agreement pursuant to written agreement.   9.   Capitalized terms used herein
and not otherwise defined shall have the meaning thereto ascribed in the
Agreement.   10.   The term of the Agreement shall be extended until August 13,
2013.   11.   Except as modified herein, the Agreement, as amended, is hereby
ratified and confirmed and is and shall remain in full force and effect subject
to the terms thereof.

         
Agreed:
  Agreed:    
Flextronics Industrial, Ltd
  Asyst Technologies, Inc.            
By: /s/ signature illegible
 
Director
  By: /s/ Steve Debenham
 
Steve Debenham    
 
       
Title: Director
  Title: Vice President General Counsel    
 
       
Date:
  Date: 12/5/2008    
 
 
 
   

Note: [*] indicates material that has been omitted and filed separately with the
Securities and Exchange Commission pursuant to a request for confidential
treatment.

7

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Attachment A
FISO

                                                                               
                                                                               
                                                                               
      Flex Rev             Rev Band   Material   MOH   DL   Mfg OH   SGA  
Profit   Flex rev   with Claims   Total VAM   True-Up     $   $   %   $   %   $
  %   $   %   $   %   $   $$$   $ [*]/Qtr   %   $    
FCST
    [*]     $ [*]       [*] %   $ [*]       [*] %   $ [*]       [*] %   $ [*]  
    [*] %   $ [*]       [*] %   $ [*]     $ [*]     $ [*]       [*] %   $ [*]  
       
Scenario 1
    [*]     $ [*]       [*] %   $ [*]       [*] %   $ [*]       [*] %   $ [*]  
    [*] %   $ [*]       [*] %   $ [*]     $ [*]     $ [*]       [*] %   $ [*]  
  $ —  
Scenario 2
    [*]     $ [*]       [*] %   $ [*] 0      [*] %   $ [*]       [*] %   $ [*]  
    [*] %   $ [*]       [*] %   $ [*]     $ [*]     $ [*]       [*] %   $ [*]  
       
Scenario 2
    [*]     $ [*]       [*] %   $ [*]       [*] %   $ [*]       [*] %   $ [*]  
    [*] %   $ [*]       [*] %   $ [*]     $ [*]     $ [*]       [*] %   $ [*]  
  $ [*]  
Scenario 3
    [*]     $ [*]       [*] %   $ [*]       [*] %   $ [*]       [*] %   $ [*]  
    [*] %   $ [*]       [*] %   $ [*]     $ [*]     $ [*]       [*] %   $ [*]  
       
Scenario 3
    [*]     $ [*]       [*] %   $ [*]       [*] %   $ [*]       [*] %   $ [*]  
    [*] %   $ [*]       [*] %   $ [*]     $ [*]     $ [*]       [*] %   $ [*]  
  $ [*]  

Kallang

                                                                               
                                                                               
                                                                               
      Flex Rev             Rev Band   Material   MOH   DL   Mfg OH   SGA  
Profit   Flex rev   with Claims   Total VAM   True-Up     $   $   %   $   %   $
  %   $   %   $   %   $   $$$   $[*]/Qtr   %   $    
FCST
    [*]     $ [*]       [*] %   $ [*]       [*] %   $ [*]       [*] %   $ [*]  
    [*] %   $ [*]       [*] %   $ [*]     $ [*]     $ [*]       [*] %   $ [*]  
       
Scenario 1
    [*]     $ [*]       [*] %   $ [*]       [*] %   $ [*]       [*] %   $ [*]  
    [*] %   $ [*]       [*] %   $ [*]     $ [*]     $ [*]       [*] %   $ [*]  
  $ —  
Scenario 2
    [*]     $ [*]       [*] %   $ [*]       [*] %   $ [*]       [*] %   $ [*]  
    [*] %   $ [*]       [*] %   $ [*]     $ [*]     $ [*]       [*] %   $ [*]  
       
Scenario 2
    [*]     $ [*]       [*] %   $ [*]       [*] %   $ [*]       [*] %   $ [*]  
    [*] %   $ [*]       [*] %   $ [*]     $ [*]     $ [*]       [*] %   $ [*]  
  $ [*]  
Scenario 3
    [*]     $ [*]       [*] %   $ [*]       [*] %   $ [*]       [*] %   $ [*]  
    [*] %   $ [*]       [*] %   $ [*]     $ [*]     $ [*]       [*] %   $ [*]  
       
Scenario 3
    [*]     $ [*]       [*] %   $ [*]       [*] %   $ [*]       [*] %   $ [*]  
    [*] %   $ [*]       [*] %   $ [*]     $ [*]     $ [*]       [*] %   $ [*]  
  $ [*]  

 

Scenario 1     Revenue achieved within the same revenue band- no true-up
required   Scenario 2     Revenue lower than forecasted and achieves a lower
revenue band — true-up to Flex required   Scenario 3    Revenue higher than
forecasted and achieves a higher revenue band — true to Asyst required

 
Note: [*] indicates material that has been omitted and filed separately with the
Securities and Exchange Commission pursuant to a request for confidential
treatment.

8