Exhibit 10.3


                            WARRANT TO PURCHASE STOCK

THIS WARRANT AND THE SHARES ISSUABLE  HEREUNDER HAVE NOT BEEN  REGISTERED  UNDER
THE  SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"),  OR THE SECURITIES  LAWS OF
ANY STATE AND, EXCEPT AND PURSUANT TO THE PROVISIONS OF ARTICLE 5 BELOW, MAY NOT
BE OFFERED,  SOLD OR OTHERWISE  TRANSFERRED,  PLEDGED OR HYPOTHECATED UNLESS AND
UNTIL  REGISTERED  UNDER SAID ACT AND APPLICABLE STATE SECURITIES LAW OR, IN THE
OPINION OF LEGAL  COUNSEL IN FORM AND  SUBSTANCE  SATISFACTORY  TO THE ISSUER OF
THESE  SECURITIES,  SUCH OFFER,  SALE OR TRANSFER,  PLEDGE OR  HYPOTHECATION  IS
EXEMPT FROM REGISTRATION.


Company:                   Adept Technology, Inc.
Number of Shares:          100,000
Class of Stock:            Common Stock
Warrant Price:             $1.000 per share
Issue Date:                March 21, 2003
Expiration Date:           March 21, 2008


         THIS WARRANT CERTIFIES THAT, for the agreed upon value of $1.00 and for
other  good and  valuable  consideration,  SILICON  VALLEY  BANK  ("Holder")  is
entitled to purchase  the number of fully paid and  nonassessable  shares of the
class of securities (the "Shares") of the company (the "Company") at the Warrant
Price,  all as set forth  above and as  adjusted  pursuant  to Article 2 of this
Warrant,  subject to the  provisions and upon the terms and conditions set forth
in this Warrant.

ARTICLE 1. EXERCISE.

         1.1  Method  of  Exercise.  Subject  to  compliance  with the terms and
conditions  of this  Warrant  and  applicable  laws,  Holder may  exercise  this
Warrant,  in whole or in part at any time or from time to time, on or before the
Expiration   Date,  by  delivering  a  duly  executed   Notice  of  Exercise  in
substantially  the form  attached as Appendix 1 to the  principal  office of the
Company;  provided that this Warrant may not be exercised prior to September 21,
2003;  and provided that if the Expiration  Date falls on a Saturday,  Sunday or
legal  holiday,  it shall  automatically  be  extended  until 5:00 p.m.  Pacific
Standard Time the next business day.  Unless Holder is exercising the conversion
right set forth in  Article  1.2,  Holder  shall also  deliver to the  Company a
check, wire transfer (to an account designated by the Company), or other from of
payment acceptable to the Company for the aggregate Warrant Price for the Shares
being purchased.

         1.2 Conversion  Right.  In lieu of exercising this Warrant as specified
in Article 1.1,  Holder may from time to time convert this Warrant,  in whole or
in part,  into a number of Shares  determined by dividing (a) the aggregate fair
market value of the Shares or other securities  otherwise issuable upon exercise
of this Warrant minus the aggregate Warrant Price of such Shares by (b) the fair
market  value  of one  Share.  The fair  market  value  of the  Shares  shall be
determined  pursuant to Article 1.3. If Holder elects to convert this Warrant as
provided in this  Section  1.2,  Holder shall tender to the Company this Warrant
for the amount being converted, along with a duly executed Notice of Exercise.


<PAGE>

         1.3 Fair Market  Value.  If the  Company's  Common Stock is traded on a
securities exchange or the Nasdaq National Market, the fair market value of each
share of Common  Stock  shall be the  closing  price of a share of Common  Stock
reported for the business day  immediately  before Holder delivers its Notice of
Exercise   to  the   Company.   If  the   Company's   Common   Stock  is  traded
over-the-counter  (including the "pink  sheets"),  the fair market value of each
share of Common  Stock shall be the closing bid price of a share of Common Stock
for the business day  immediately  before Holder delivers its Notice of Exercise
to the Company.  If the Company's Common Stock is not traded in a public market,
the Board of Directors of the Company shall  determine  fair market value in its
reasonable good faith judgment.

         1.4  Delivery of  Certificate  and New Warrant.  Promptly  after Holder
exercises  or converts  this Warrant and, if  applicable,  the Company  receives
payment of the  aggregate  Warrant  Price,  the Company  shall deliver to Holder
certificates  for the Shares  acquired  and, if this  Warrant has not been fully
exercised  or  converted  and has not expired,  a new Warrant  representing  the
Shares not so acquired.

         1.5  Replacement  of  Warrants.   On  receipt  of  evidence  reasonably
satisfactory  to the Company of the loss,  theft,  destruction  or mutilation of
this Warrant and, in the case of loss,  theft or destruction,  on delivery of an
indemnity  agreement  reasonably  satisfactory in form and amount to the Company
or, in the case of mutilation,  or surrender and  cancellation  of this Warrant,
the Company shall execute and deliver, in lieu of this Warrant, a new warrant of
like tenor.

         1.6 Treatment of Warrant Upon Acquisition of Company.

                  1.6.1   "Acquisition".   For  the  purpose  of  this  Warrant,
"Acquisition"   means  any  sale,  license,  or  other  disposition  of  all  or
substantially  all  of  the  assets  of  the  Company,  or  any  reorganization,
consolidation,  or merger of the  Company  where the  holders  of the  Company's
securities  before  the  transaction  beneficially  own  less  than  50%  of the
outstanding voting securities of the surviving entity after the transaction.

                  1.6.2 Treatment of Warrant at Acquisition.

                           (A) Upon the written  request of the Company,  Holder
agrees that, in the event of an Acquisition in which the sole  consideration  is
cash,  either (a) Holder shall  exercise its  conversion or purchase right under
this Warrant and such exercise will be deemed effective immediately prior to the
consummation  of such  Acquisition  or (b) if Holder  elects not to exercise the
Warrant, this Warrant will expire upon the consummation of such Acquisition. The
Company shall provide the Holder with written notice of its request  relating to
the  foregoing  (together  with such  reasonable  information  as the Holder may
request in connection  with such  contemplated  Acquisition  giving rise to such
notice), which is to be delivered to Holder not less than ten (10) days prior to
the closing of the proposed Acquisition.

                           (B) Upon the written  request of the Company,  Holder
agrees that, in the event of an Acquisition that is an "arms length" sale of all
or  substantially  all of the Company's  assets (and only its assets) to a third
party that is not an Affiliate (as defined  below) of the Company (a "True Asset
Sale"),  either (a) Holder shall exercise its conversion or purchase right under
this Warrant and such exercise will be deemed effective immediately prior to the
consummation  of such  Acquisition  or (b) if Holder  elects not to exercise the
Warrant,  this Warrant will continue  until the  Expiration  Date if the Company
continues as a going concern  following the closing of any such True Asset Sale.
The Company shall provide the Holder with written notice of its request relating
to the foregoing  (together with such  reasonable  information as the Holder may
request in connection  with such  contemplated  Acquisition  giving rise to such

                                       2
<PAGE>

notice), which is to be delivered to Holder not less than ten (10) days prior to
the closing of the proposed Acquisition.

                           (C) Upon the  closing of any  Acquisition  other than
those particularly  described in subsections (A) and (B) above, the successor or
surviving entity shall assume the obligations of this Warrant,  and this Warrant
shall be  exercisable  for the same  securities,  cash, and property as would be
payable for the Shares issuable upon exercise of the unexercised portion of this
Warrant  as if  such  Shares  were  outstanding  on  the  record  date  for  the
Acquisition  and subsequent  closing.  The Warrant Price and/or number of Shares
shall be adjusted accordingly.

                           As used herein  "Affiliate"  shall mean any person or
entity that owns or controls  directly or indirectly ten (10) percent or more of
the stock of Company,  any person or entity that controls or is controlled by or
is under common control with such persons or entities, and each of such person's
or entity's officers, directors, joint venturers or partners, as applicable.

ARTICLE 2. ADJUSTMENTS TO THE SHARES.

         2.1 Stock  Dividends,  Splits,  Etc. If the Company  declares or pays a
dividend on the Shares payable in common stock, or other  securities,  then upon
exercise of this Warrant, for each Share acquired, Holder shall receive, without
cost to Holder,  the total number and kind of  securities  to which Holder would
have been  entitled  had  Holder  owned the  Shares of record as of the date the
dividend occurred.  If the Company subdivides the Shares by  reclassification or
otherwise into a greater number of shares or if the Shares are convertible  into
stock of another  class or series  takes any other  action  which  increase  the
amount of stock  into which the  Shares  are  convertible,  the number of shares
purchasable  hereunder shall be proportionately  increased and the Warrant Price
shall be  proportionately  decreased.  If the outstanding shares are combined or
consolidated,  by reclassification or otherwise, into a lesser number of shares,
the Warrant  Price shall be  proportionately  increased and the number of Shares
shall be proportionately decreased.

         2.2 Reclassification,  Exchange, Combinations or Substitution. Upon any
reclassification,  exchange,  substitution,  or other  event  that  results in a
change of the number  and/or class of the  securities  issuable upon exercise or
conversion of this Warrant,  Holder shall be entitled to receive,  upon exercise
or conversion of this  Warrant,  the number and kind of securities  and property
that  Holder  would  have  received  for the  Shares  if this  Warrant  had been
exercised immediately before such reclassification,  exchange,  substitution, or
other  event.  Such an event  shall  include  any  automatic  conversion  of the
outstanding or issuable securities of the Company of the same class or series as
the Shares to common stock  pursuant to the terms of the  Company's  Articles or
Certificate  (as applicable) of  Incorporation  upon the closing of a registered
public  offering of the  Company's  common  stock.  The Company or its successor
shall  promptly  issue to Holder an amendment to this Warrant  setting forth the
number and kind of such new securities or other property  issuable upon exercise
or  conversion of this Warrant as a result of such  reclassification,  exchange,
substitution  or other event that results in a change of the number and/or class
of  securities  issuable  upon  exercise  or  conversion  of this  Warrant.  The
amendment to this Warrant shall provide for adjustments which shall be as nearly
equivalent as may be practicable to the adjustments provided for in this Article
2 including,  without  limitation,  adjustments  to the Warrant Price and to the
number of securities or property issuable upon exercise of the new Warrant.  The
provisions   of  this   Article  2.2  shall   similarly   apply  to   successive
reclassifications, exchanges, substitutions, or other events.

         2.3 No Impairment.  The Company shall not, by amendment of its Articles
or Certificate (as  applicable) of  Incorporation  or through a  reorganization,
transfer  of  assets,  consolidation,  merger,  dissolution,  issue,  or sale of
securities or any other voluntary action,  avoid

                                       3
<PAGE>

or seek to  avoid  the  observance  or  performance  of any of the  terms  to be
observed or performed under this Warrant by the Company,  but shall at all times
in good faith assist in carrying out of all the provisions of this Article 2.

         2.4  Fractional  Shares.  No  fractional  Shares shall be issuable upon
exercise  or  conversion  of the  Warrant  and the number of Shares to be issued
shall be rounded down to the nearest whole Share. If a fractional share interest
arises upon any  exercise  or  conversion  of the  Warrant,  the  Company  shall
eliminate such fractional share interest by paying Holder the amount computed by
multiplying the fractional interest by the fair market value of a full Share.

         2.5 Certificate as to Adjustments.  Upon each adjustment of the Warrant
Price,  the  Company  shall  promptly  notify  Holder in  writing,  and,  at the
Company's expense,  promptly compute such adjustment,  and furnish Holder with a
certificate of its Chief Financial Officer setting forth such adjustment and the
facts upon which such  adjustment  is based.  The Company  shall,  upon  written
request,  furnish Holder a certificate setting forth the Warrant Price in effect
upon the date  thereof  and the series of  adjustments  leading to such  Warrant
Price.

ARTICLE 3. REPRESENTATIONS AND COVENANTS OF THE COMPANY.

         3.1 Representations and Warranties. The Company represents and warrants
to the Holder as follows:

                  (a) All Shares  which may be issued  upon the  exercise of the
purchase right represented by this Warrant, and all securities, if any, issuable
upon conversion of the Shares, shall, upon issuance, be duly authorized, validly
issued,  fully paid and  nonassessable,  and free of any liens and  encumbrances
except for  restrictions  on transfer  provided  for herein or under  applicable
federal and state securities laws.

                  (b) The  Capitalization  Table  in the  Company's  most-recent
public filings with the Securities Exchange Commission remains true and complete
as of the Issue Date.

         3.2 Notice of Certain Events.  If the Company  proposes at any time (a)
to declare any dividend or distribution upon any of its stock,  whether in cash,
property, stock, or other securities and whether or not a regular cash dividend;
(b) to offer for sale additional  shares of any class or series of the Company's
stock;  (c) to effect any  reclassification  or  recapitalization  of any of its
stock; (d) to merge or consolidate with or into any other corporation,  or sell,
lease,  license,  or  convey  all or  substantially  all of  its  assets,  or to
liquidate,  dissolve or wind up, then, in connection  with each such event,  the
Company shall give Holder: (1) at least 10 days prior written notice of the date
on which a record will be taken for such dividend, distribution, or subscription
rights (and  specifying  the date on which the  holders of common  stock will be
entitled  thereto) or for determining  rights to vote, if any, in respect of the
matters  referred  to in (c) and (d) above;  and (2) in the case of the  matters
referred  to in (c) and (d) above at least 10 days prior  written  notice of the
date when the same will take place (and specifying the date on which the holders
of common stock will be entitled to exchange  their common stock for  securities
or other property deliverable upon the occurrence of such event).

         3.3 No  Shareholder  Rights.  Except as provided in this  Warrant,  the
Holder  will not have any  rights  as a  shareholder  of the  Company  until the
exercise of this Warrant.

ARTICLE 4. REPRESENTATIONS,  WARRANTIES OF THE HOLDER. The Holder represents and
warrants to the Company as follows:

                                       4
<PAGE>

         4.1  Purchase for Own Account.  This Warrant and the  securities  to be
acquired  upon  exercise  of this  Warrant by the Holder  will be  acquired  for
investment for the Holder's  account,  not as a nominee or agent, and not with a
view to the public resale or distribution  within the meaning of the Act. Holder
also represents that the Holder has not been formed for the specific  purpose of
acquiring this Warrant or the Shares.

         4.2 Disclosure of Information.  The Holder has received or has had full
access to all the  information it considers  necessary or appropriate to make an
informed investment decision with respect to the acquisition of this Warrant and
its  underlying  securities.  The Holder  further has had an  opportunity to ask
questions  and  receive  answers  from  the  Company  regarding  the  terms  and
conditions of the offering of this Warrant and its underlying  securities and to
obtain  additional  information  (to  the  extent  the  Company  possessed  such
information  or  could  acquire  it  without  unreasonable  effort  or  expense)
necessary  to verify  any  information  furnished  to the Holder or to which the
Holder has access.

         4.3 Investment Experience.  The Holder understands that the purchase of
this Warrant and its underlying securities involves substantial risk. The Holder
has  experience  as an investor in  securities  of companies in the  development
stage  and  acknowledges  that the  Holder  can bear the  economic  risk of such
Holder's  investment in this Warrant and its underlying  securities and has such
knowledge  and  experience  in financial or business  matters that the Holder is
capable of evaluating the merits and risks of its investment in this Warrant and
its  underlying  securities  and/or  has  a  preexisting  personal  or  business
relationship  with  the  Company  and  certain  of its  officers,  directors  or
controlling persons of a nature and duration that enables the Holder to be aware
of the character, business acumen and financial circumstances of such persons.

         4.4 Accredited Investor Status. The Holder is an "accredited  investor"
within the meaning of Regulation D promulgated under the Act.

         4.5 The Act.  The Holder  understands  that this Warrant and the Shares
issuable upon exercise or conversion  hereof have not been registered  under the
Act in reliance upon a specific  exemption  therefrom,  which exemption  depends
upon, among other things, the bona fide nature of the Holder's investment intent
as expressed  herein.  The Holder  understands  that this Warrant and the Shares
issued upon any exercise or conversion hereof must be held  indefinitely  unless
subsequently  registered under the 1933 Act and qualified under applicable state
securities  laws, or unless exemption from such  registration and  qualification
are otherwise available.

ARTICLE 5. MISCELLANEOUS.

         5.1 Term:  This Warrant is  exercisable in whole or in part at any time
and from time to time on or before the Expiration Date.

         5.2 Legends.  This  Warrant and the  certificates  representing  Shares
issued to the Holder  upon  exercise  or  conversion  of this  Warrant  shall be
imprinted with a legend in substantially the following form:

         THIS WARRANT AND THE SHARES ISSUABLE HEREUNDER HAVE NOT BEEN REGISTERED
         UNDER THE ACT,  OR THE  SECURITIES  LAWS OF ANY STATE  AND,  EXCEPT AND
         PURSUANT TO THE PROVISIONS OF ARTICLE 5 BELOW, MAY NOT BE OFFERED, SOLD
         OR  OTHERWISE  TRANSFERRED,  PLEDGED OR  HYPOTHECATED  UNLESS AND UNTIL

                                       5
<PAGE>

         REGISTERED  UNDER SAID ACT AND APPLICABLE  STATE  SECURITIES LAW OR, IN
         THE OPINION OF LEGAL COUNSEL IN FORM AND SUBSTANCE  SATISFACTORY TO THE
         ISSUER OF THESE  SECURITIES,  SUCH OFFER,  SALE OR TRANSFER,  PLEDGE OR
         HYPOTHECATION IS EXEMPT FROM REGISTRATION.

         5.3 Compliance with  Securities Laws on Transfer.  This Warrant and the
Shares  issuable  upon  exercise of this Warrant (and the  securities  issuable,
directly  or  indirectly,  upon  conversion  of the  Shares,  if any) may not be
transferred or assigned in whole or in part without  compliance  with applicable
federal  and  state  securities  laws  by  the  transferor  and  the  transferee
(including,  without  limitation,  the  delivery  of  investment  representation
letters and legal opinions reasonably satisfactory to the Company, as reasonably
requested by the Company).  The Company  shall not require  Holder to provide an
opinion of counsel if the  transfer is to Silicon  Valley  Bancshares  (Holder's
parent  company) or any other  affiliate  of Holder.  Additionally,  the Company
shall also not require an opinion of counsel if there is no material question as
to the availability of current information as referenced in Rule 144(c),  Holder
represents  that it has complied with Rule 144(d) and (e) in reasonable  detail,
the selling  broker  represents  that it has complied with Rule 144(f),  and the
Company is provided with a copy of Holder's notice of proposed sale.

         5.4 Transfer Procedure. Upon receipt by Holder of the executed Warrant,
Holder will transfer all of this Warrant to Silicon Valley Bancshares,  Holder's
parent  company,  by execution  of an  Assignment  substantially  in the form of
Appendix 2. Subject to the provisions of Article 5.3 and upon providing  Company
with written  notice,  Silicon Valley  Bancshares and any subsequent  Holder may
transfer all or part of this  Warrant or the Shares  issuable  upon  exercise of
this Warrant (or the Shares issuable directly or indirectly,  upon conversion of
the Shares, if any) to any transferee, provided, however, in connection with any
such transfer,  Silicon Valley Bancshares or any subsequent Holder will give the
Company  notice of the portion of the Warrant being  transferred  with the name,
address and taxpayer  identification  number of the  transferee  and Holder will
surrender this Warrant to the Company for reissuance to the  transferee(s)  (and
Holder if  applicable).  The Company may refuse to transfer  this Warrant or the
Shares to any person who directly  competes with the Company,  unless, in either
case, the stock of the Company is publicly traded.

         5.5  Charges,  Taxes and  Expenses.  The Company  shall pay any and all
documentary,  stamp,  transfer and other similar  taxes in  connection  with the
issuance  and  delivery of the Shares upon the  exercise  of this  Warrant.  The
Company  shall  not be  required  to pay  any tax or  other  charge  imposed  in
connection  with any transfer  involved in the issuance of any  certificate  for
Shares in any name other than that of the Holder or Silicon  Valley  Bancshares,
and in such case the  Company  shall not be  required  to issue or  deliver  any
certificate  or security until such tax or other charge has been paid, or it has
been established to the Company's  reasonable  satisfaction that no tax or other
charge is due.

         5.6 Notices.  All notices and other  communications from the Company to
the Holder,  or vice versa,  shall be deemed  delivered and effective when given
personally  or mailed by  first-class  registered  or  certified  mail,  postage
prepaid,  at such  address  as may have been  furnished  to the  Company  or the
Holder,  as the case may (or on the first  business  day after  transmission  by
facsimile)  be, in writing  by the  Company  or such  holder  from time to time.
Effective  upon receipt of the fully executed  Warrant and the initial  transfer
described in Article 5.4 above,  all notices to the Holder shall be addressed as
follows until the Company  receives  notice of a change of address in connection
with a transfer or otherwise:

                                       6
<PAGE>

                           Silicon Valley Bancshares
                           Attn:  Treasury Department
                           3003 Tasman Drive, HA 200
                           Santa Clara, CA 95054
                           Telephone:  408-654-7400
                           Facsimile:  408-496-2405

         Notice to the Company  shall be addressed  as follows  until the Holder
receives notice of a change in address:

                           Adept Technology, Inc.
                           150 Rose Orchard Parkway
                           San Jose, California  95134
                           Attn:  Michael Overby
                           Telephone: (408) 434-5112
                           Facsimile: (408) 434-5005

         5.7 Waiver.  This  Warrant and any term hereof may be changed,  waived,
discharged  or terminated  only by an instrument in writing  signed by the party
against which  enforcement of such change,  waiver,  discharge or termination is
sought.

         5.8  Attorney's  Fees. In the event of any dispute  between the parties
concerning  the terms and  provisions of this Warrant,  the party  prevailing in
such  dispute  shall be  entitled  to  collect  from the  other  party all costs
incurred in such dispute, including reasonable attorney's fees.

         5.9 Automatic  Conversion upon Expiration.  In the event that, upon the
Expiration Date, the fair market value of one Share (or other security  issuable
upon the exercise  hereof) as determined in accordance with Section 1.3 above is
greater than the Warrant  Price in effect on such date,  then this Warrant shall
automatically  be  deemed  on and as of such date to be  converted  pursuant  to
Section 1.2 above as to all Shares (or such other securities) for which it shall
not previously have been exercised or converted,  and the Company shall promptly
deliver a certificate  representing the Shares (or such other securities) issued
upon such conversion to the Holder.

         5.10 Severability.  If any term, provision,  covenant or restriction of
this Warrant is held by a court of competent jurisdiction to be invalid, void or
unenforceable,   the   remainder  of  the  terms,   provisions,   covenants  and
restrictions  of this Warrant shall remain in full force and effect and shall in
no way be affected, impaired or invalidated.

         5.11 Counterparts. This Warrant may be executed in counterparts, all of
which together shall constitute one and the same agreement.

         5.12  Governing Law. This Warrant shall be governed by and construed in
accordance  with the laws of the State of  California,  without giving effect to
its principles regarding conflicts of law.


"Company"

Adept Technology, Inc.


By: /s/ Brian R. Carlisle                        By: /s/ Michael W. Overby
    ---------------------------                      ---------------------------
         Brian Carlisle                              Michael Overby

                                       7
<PAGE>

Title: Chairman of the Board, President or       Title: Chief Financial Officer,
       Vice President                                   Secretary, Assistant
                                                        Treasurer or Assistant
                                                        Secretary


"HOLDER"

SILICON VALLEY BANK


By: /s/ Scott Wiebe
    -------------------
Name:  Scott Wiebe
     ------------------
       (Print)

Title: Vice President
      -----------------
                                       8
<PAGE>

                                   APPENDIX 1

                               NOTICE OF EXERCISE

         1. Holder elects to purchase  ___________  shares of the  Common/Series
______ Preferred [strike one] Stock of __________________  pursuant to the terms
of the attached Warrant, and tenders payment of the purchase price of the shares
in full.

         [or]

         1.  Holder  elects to convert the  attached  Warrant  into  Shares/cash
[strike  one]  in the  manner  specified  in the  Warrant.  This  conversion  is
exercised for _____________________ of the Shares covered by the Warrant.

         [Strike paragraph that does not apply.]

         2. Please issue a certificate or certificates  representing  the shares
in the name specified below:

                           ___________________________________________
                                    Holders Name
                           ___________________________________________

                           ___________________________________________
                                    (Address)

         3. By its  execution  below and for the benefit of the Company,  Holder
hereby restates each of the  representations  and warranties in Article 4 of the
Warrant as the date hereof.


                                               HOLDER:

                                               _________________________________

                                               By:__________________________

                                               Name:________________________

                                               Title:_________________________

                                               (Date):_______________________

                                       9
<PAGE>

                                   APPENDIX 2

                                   ASSIGNMENT

         For value  received,  Silicon  Valley  Bank hereby  sells,  assigns and
transfers unto:

                           Name:         Silicon Valley Bancshares
                           Address:      3003 Tasman Drive (HA-200)
                                         Santa Clara, CA 95054

                           Tax ID:       91-1962278


         that certain Warrant to Purchase Stock issued by Adept Technology, Inc.
         (the  "Company"),  on March __, 2003 (the "Warrant")  together with all
         rights, title and interest therein.


                                            SILICON VALLEY BANK

                                            By: ________________________________
                                            Name: ______________________________
                                            Title: _____________________________

         Date: March __, 2003

         By its  execution  below,  and for the benefit of the Company,  Silicon
         Valley Bancshares makes each of the  representations and warranties set
         forth in Article 4 of the Warrant as of the date hereof.


                                            SILICON VALLEY BANCSHARES

                                            By: ________________________________
                                            Name: ______________________________
                                            Title: _____________________________

                                       10