Document:

exv10w1

 

Exhibit 10.1

EXECUTION COPY

 

$350,000,000

CREDIT AGREEMENT

among

LAM RESEARCH INTERNATIONAL SARL,

as Borrower,

The Several Lenders from Time to Time Parties Hereto,

and

ABN AMRO BANK N.V.,

as Administrative Agent

Dated as of June 16, 2006

 

ABN AMRO INCORPORATED, as Lead Arranger and Bookrunner

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	SECTION 1. DEFINITIONS
	 	 	1	 
	 
	 	 	 	 
	1.1 Defined Terms
	 	 	1	 
	1.2 Other Definitional Provisions
	 	 	11	 
	1.3 Switzerland Terms
	 	 	11	 
	 
	 	 	 	 
	SECTION 2. AMOUNT AND TERMS OF COMMITMENTS
	 	 	11	 
	 
	 	 	 	 
	2.1 Commitments
	 	 	11	 
	2.2 Procedure for Borrowing
	 	 	11	 
	2.3 Repayment of Loans
	 	 	12	 
	2.4 Fees, etc.
	 	 	12	 
	2.5 Optional Prepayments
	 	 	12	 
	2.6 Intentionally Omitted
	 	 	12	 
	2.7 Continuation Options
	 	 	12	 
	2.8 Limitations on Tranches
	 	 	12	 
	2.9 Interest Rates and Payment Dates
	 	 	12	 
	2.10 Computation of Interest and Fees
	 	 	13	 
	2.11 Inability to Determine Interest Rate
	 	 	13	 
	2.12 Pro Rata Treatment and Payments
	 	 	13	 
	2.13 Requirements of Law
	 	 	14	 
	2.14 Taxes
	 	 	15	 
	2.15 Indemnity
	 	 	17	 
	2.16 Change of Lending Office
	 	 	17	 
	2.17 Replacement of Lenders
	 	 	17	 
	 
	 	 	 	 
	SECTION 3. REPRESENTATIONS AND WARRANTIES
	 	 	18	 
	 
	 	 	 	 
	3.1 Existence; Compliance with Law
	 	 	18	 
	3.2 Power; Authorization; Enforceable Obligations
	 	 	18	 
	3.3 No Legal Bar
	 	 	18	 
	3.4 Litigation
	 	 	18	 
	3.5 No Default
	 	 	18	 
	3.6 Ownership of Property; Liens
	 	 	19	 
	3.7 Intellectual Property
	 	 	19	 
	3.8 Taxes
	 	 	19	 
	3.9 Federal Regulations
	 	 	19	 
	3.10 Investment Company Act; Other Regulations
	 	 	19	 
	3.11 Use of Proceeds
	 	 	19	 
	3.12 Accuracy of Information
	 	 	19	 
	 
	 	 	 	 
	SECTION 4. CONDITIONS PRECEDENT
	 	 	20	 
	 
	 	 	 	 
	SECTION 5. AFFIRMATIVE COVENANTS
	 	 	21	 

 

 

	 	 	 	 	 
	 	 	Page	 
	5.1 Certificates; Other Information
	 	 	21	 
	5.2 Payment of Obligations
	 	 	21	 
	5.3 Maintenance of Existence; Compliance
	 	 	21	 
	5.4 Maintenance of Property; Insurance
	 	 	21	 
	5.5 Inspection of Property; Books and Records; Discussions
	 	 	21	 
	5.6 Notices
	 	 	22	 
	5.7 Environmental Laws
	 	 	22	 
	 
	 	 	 	 
	SECTION 6. NEGATIVE COVENANTS
	 	 	22	 
	 
	 	 	 	 
	6.1 Fundamental Changes
	 	 	22	 
	6.2 Disposition of Property
	 	 	23	 
	6.3 Transactions with Affiliates
	 	 	23	 
	6.4 Lines of Business
	 	 	23	 
	 
	 	 	 	 
	SECTION 7. EVENTS OF DEFAULT
	 	 	23	 
	 
	 	 	 	 
	SECTION 8. THE AGENTS
	 	 	25	 
	 
	 	 	 	 
	8.1 Appointment
	 	 	25	 
	8.2 Delegation of Duties
	 	 	25	 
	8.3 Exculpatory Provisions
	 	 	25	 
	8.4 Reliance by Administrative Agent
	 	 	25	 
	8.5 Notice of Default
	 	 	26	 
	8.6 Non-Reliance on Agents and Other Lenders
	 	 	26	 
	8.7 Indemnification
	 	 	26	 
	8.8 Agent in Its Individual Capacity
	 	 	27	 
	8.9 Successor Administrative Agent
	 	 	27	 
	8.10 Documentation Agent and Syndication Agent
	 	 	27	 
	 
	 	 	 	 
	SECTION 9. MISCELLANEOUS
	 	 	27	 
	 
	 	 	 	 
	9.1 Amendments and Waivers
	 	 	27	 
	9.2 Notices
	 	 	28	 
	9.3 No Waiver; Cumulative Remedies
	 	 	29	 
	9.4 Survival of Representations and Warranties
	 	 	29	 
	9.5 Payment of Expenses and Taxes
	 	 	29	 
	9.6 Successors and Assigns; Participations and Assignments
	 	 	30	 
	9.7 Adjustments; Set-off
	 	 	34	 
	9.8 Counterparts
	 	 	34	 
	9.9 Severability
	 	 	34	 
	9.10 Integration
	 	 	34	 
	9.11 GOVERNING LAW
	 	 	35	 
	9.12 Submission To Jurisdiction; Waivers
	 	 	35	 
	9.13 Acknowledgements
	 	 	35	 
	9.14 Confidentiality
	 	 	35	 
	9.15 WAIVERS OF JURY TRIAL
	 	 	36	 

 

 

	 	 	 	 	 
	 	 	Page	 
	9.16 Judgment Currency
	 	 	36	 
	9.17 USA PATRIOT Act
	 	 	37	 
	9.18 Termination
	 	 	37	 

 

 

SCHEDULES:

	 	 	 
	1.1A

	 	Commitments
	3.4

	 	Consents, Authorizations, Filings and Notices
	 
	 	 
	EXHIBITS:
	 
	 	 
	A-1

	 	Form of Guarantee
	A-2

	 	Form of Security Agreement
	B

	 	Form of Assignment and Assumption
	C

	 	Form of Closing Certificate
	D-1

	 	Form of Legal Opinion of Beglinger Holenstein
	D-2

	 	Form of Legal Opinion of Daniel Rabago, Esq.
	D-3

	 	Form of Legal Opinion of Heller Ehrman LLP
	E

	 	Form of Applicable Margin Certificate

 

 

          CREDIT AGREEMENT (this “Agreement”), dated as of June [16], 2006, among LAM RESEARCH
INTERNATIONAL SARL, a private limited liability company (société à responsabilité limitée)
incorporated under the laws of Switzerland, the several banks and other financial institutions or
entities from time to time parties to this Agreement (the “Lenders”), and ABN AMRO BANK
N.V., as administrative agent.

          The parties hereto hereby agree as follows:

SECTION 1. DEFINITIONS

          1.1 Defined Terms. As used in this Agreement, the terms listed in this Section 1.1
shall have the respective meanings set forth in this Section 1.1.

          “Adjustment Date”: as defined in the Pricing Grid.

          “Administrative Agent”: ABN AMRO BANK N.V., together with its affiliates, as the
arranger of the Commitments and as the administrative agent for the Lenders under this Agreement
and the other Loan Documents, together with any of its successors.

          “Affiliate”: as to any Person, any other Person that, directly or indirectly, is in
control of, is controlled by, or is under common control with, such Person. For purposes of this
definition, “control” of a Person means the power, directly or indirectly, either to (a) vote 10%
or more of the securities having ordinary voting power for the election of directors (or persons
performing similar functions) of such Person or (b) direct or cause the direction of the management
and policies of such Person, whether by contract or otherwise.

          “Agents”: the collective reference to the syndication Agent, the documentation Agent
and the Administrative Agent.

          “Agreement”: as defined in the preamble hereto.

          “Agreement Currency”: as defined in Section 9.16(b).

          “Applicable Creditor”: as defined in Section 9.16(b).

          “Applicable Margin:” the percent per annum set forth below under the relevant column
heading below, as determined pursuant to the Pricing Grid:

	 	 	 	 	 
	Pricing Level	 	Applicable Margin
	1

	 	 	0.100	%
	2

	 	 	0.250	%
	3

	 	 	0.500	%

          “Applicable Margin Certificate”: a certificate duly executed by a
Responsible Officer substantially in the form of Exhibit E.

          “Approved Fund”: as defined in Section 9.6(b).

          “Assignee”: as defined in Section 9.6(b).

 

 

2

          “Assignment and Assumption”: an Assignment and Assumption, substantially in the form
of Exhibit B.

          “Board”: the Board of Governors of the Federal Reserve System of the United States
(or any successor).

          “Borrower”: as defined in the preamble hereto.

          “Borrowing Date”: any Business Day specified by the Borrower as a date on which the
Borrower requests the relevant Lenders to make Loans hereunder.

          “Business Day”: a day other than a Saturday, Sunday or other day on which commercial
banks in New York City are authorized or required by law to close, provided, that with
respect to notices and determinations in connection with, and payments of principal and interest
on, Loans, such day is also a day for trading by and between banks in Dollar deposits in the
interbank eurodollar market.

          “Capital Lease Obligations”: as to any Person, the obligations of such Person to pay
rent or other amounts under any lease of (or other arrangement conveying the right to use) real or
personal property, or a combination thereof, which obligations are required to be classified and
accounted for as capital leases on a balance sheet of such Person under GAAP and, for the purposes
of this Agreement, the amount of such obligations at any time shall be the capitalized amount
thereof at such time determined in accordance with GAAP.

          “Capital Stock”: any and all shares, interests, participations or other equivalents
(however designated) of capital stock of a corporation, any and all equivalent ownership interests
in a Person (other than a corporation) and any and all warrants, rights or options to purchase any
of the foregoing.

          “Closing Date”: the date on which the conditions precedent set forth in Section 4
shall have been satisfied.

          “Code”: the Internal Revenue Code of 1986, as amended from time to time.

          “Commitment”: as to any Lender, the obligation of such Lender to make a Loan on the
Closing Date in an aggregate principal amount initially not to exceed the amount set forth under
the heading “Commitment” opposite such Lender’s name on Schedule 1.1A and thereafter the amount set
forth under the heading “Commitment” opposite such Lender’s name in the Register, as the same may
be changed from time to time pursuant to the terms hereof. The original amount of the Commitments
is $350,000,000.

          “Commonly Controlled Entity”: an entity, whether or not incorporated, that is under
common control with the Borrower within the meaning of Section 4001 of ERISA or is part of a group
that includes the Borrower and that is treated as a single employer under Section 414 of the Code.

          “Conduit Lender”: any special purpose corporation organized and administered by
any Lender for the purpose of making Loans otherwise required to be made by such Lender and
designated by such Lender in a written instrument; provided, that the designation by any
Lender of a Conduit Lender shall not relieve the designating Lender of any of its obligations to
fund a Loan under this Agreement if, for any reason, its Conduit Lender fails to fund any such
Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and
responsibility to deliver all consents and waivers required or requested under this Agreement
with respect to its Conduit Lender, and provided, further, that no Conduit

 

 

3

Lender shall (a) be entitled to receive any greater amount pursuant to Section 2.13,
2.14, 2.15 or 9.5 than the designating Lender would have been entitled to receive in respect of the
extensions of credit made by such Conduit Lender or (b) be deemed to have any Commitment.

          “Consolidated EBITDA”: for any period, Consolidated Net Income for such period
plus, without duplication and to the extent reflected as a charge in the statement of such
Consolidated Net Income for such period, the sum of (a) income tax expense, (b) interest expense,
amortization or writeoff of debt discount and debt issuance costs and commissions, discounts and
other fees and charges associated with Indebtedness (including the Loans), (c) depreciation and
amortization expense, (d) amortization of intangibles (including, but not limited to, goodwill) and
organization costs and (e) any extraordinary or non-recurring non-cash expenses or losses
(including, whether or not otherwise includable as a separate item in the statement of such
Consolidated Net Income for such period, non-cash losses on sales of assets outside of the ordinary
course of business), and minus, (a) to the extent included in the statement of such
Consolidated Net Income for such period, the sum of (i) interest income, (ii) any extraordinary,
unusual or non-recurring income or gains (including, whether or not otherwise includable as a
separate item in the statement of such Consolidated Net Income for such period, gains on the sales
of assets outside of the ordinary course of business), (iii) income tax credits (to the extent not
netted from income tax expense) and (iv) any other non-cash income and (b) any cash payments made
during such period in respect of items described in clause (e) above subsequent to the fiscal
quarter in which the relevant non-cash expenses or losses were reflected as a charge in the
statement of Consolidated Net Income, all as determined on a consolidated basis.

          “Consolidated Leverage Ratio”: as at the last day of any period, the ratio of (a)
Consolidated Total Debt on such day to (b) Consolidated EBITDA for such period.

          “Consolidated Net Income”: for any period, the consolidated net income (or loss) of
the Guarantor and its Subsidiaries, determined on a consolidated basis in accordance with GAAP;
provided that there shall be excluded (a) the income (or deficit) of any Person accrued
prior to the date it becomes a Subsidiary of the Guarantor or is merged into or consolidated with
the Guarantor or any of its Subsidiaries, (b) the income (or deficit) of any Person (other than a
Subsidiary of the Guarantor) in which the Guarantor or any of its Subsidiaries has an ownership
interest, except to the extent that any such income is actually received by the Guarantor or such
Subsidiary in the form of dividends or similar distributions and (c) the undistributed earnings of
any Subsidiary of the Guarantor to the extent that the declaration or payment of dividends or
similar distributions by such Subsidiary is not at the time permitted by the terms of any
Contractual Obligation (other than under any Loan Document) or Requirement of Law applicable to
such Subsidiary.

          “Consolidated Total Debt”: at any date, the aggregate principal amount of all
Indebtedness of the Guarantor and its Subsidiaries at such date, determined on a consolidated basis
in accordance with GAAP.

          “Contractual Obligation”: as to any Person, any provision of any security issued by
such Person or of any agreement, instrument or other undertaking to which such Person is a party or
by which it or any of its property is bound.

          “Default”: any of the events specified in Section 7, whether or not any requirement
for the giving of notice, the lapse of time, or both, has been satisfied.

          “Disposition”: with respect to any property, any sale, lease, sale and leaseback,
assignment, conveyance, transfer or other disposition thereof. The terms “Dispose” and
“Disposed of” shall have correlative meanings.

 

 

 4

          “Documentation Agent”: as defined in the preamble hereto.

          “Dollars” and “$”: dollars in lawful currency of the United States.

          “Environmental Laws”: any and all foreign, Federal, state, local or municipal laws,
rules, orders, regulations, statutes, ordinances, codes, decrees, requirements of any Governmental
Authority or other Requirements of Law (including common law) regulating, relating to or imposing
liability or standards of conduct concerning protection of human health or the environment, as now
or may at any time hereafter be in effect.

          “ERISA”: the Employee Retirement Income Security Act of 1974, as amended from time to
time.

          “Eurocurrency Reserve Requirements”: for any day as applied to a Loan, the aggregate
(without duplication) of the maximum rates (expressed as a decimal fraction) of reserve
requirements in effect on such day (including basic, supplemental, marginal and emergency reserves)
under any regulations of the Board or other Governmental Authority having jurisdiction with respect
thereto dealing with reserve requirements prescribed for eurocurrency funding (currently referred
to as “Eurocurrency Liabilities” in Regulation D of the Board) maintained by a member bank of the
Federal Reserve System.

          “Event of Default”: any of the events specified in Section 7, provided that
any requirement for the giving of notice, the lapse of time, or both, has been satisfied.

          “Federal Funds Effective Rate”: for any day, the weighted average of the rates on
overnight federal funds transactions with members of the Federal Reserve System arranged by federal
funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New
York, or, if such rate is not so published for any day that is a Business Day, the average of the
quotations for the day of such transactions received by ABN AMRO, N.V. from three federal funds
brokers of recognized standing selected by it.

          “Funding Office”: the office of the Administrative Agent specified in Section 9.2 or
such other office as may be specified from time to time by the Administrative Agent as its funding
office by written notice to the Borrower and the Lenders.

          “GAAP”: generally accepted accounting principles in the United States as in effect
from time to time, except that for the purposes of calculating the financial components of the
Consolidated Leverage Ratio, GAAP shall be determined on the basis of such principles in effect on
the date hereof and consistent with those used in the preparation of the most recent audited
financial statements referred to in Section 3.1(b). In the event that any “Accounting Change” (as
defined below) shall occur and such change results in a change in the method of calculation of
financial covenants, standards or terms in this Agreement, then the Borrower and the Administrative
Agent agree to enter into negotiations in order to amend such provisions of this Agreement so as to
reflect equitably such Accounting Changes with the desired result that the criteria for evaluating
the Borrower’s financial condition shall be the same after such Accounting Changes as if such
Accounting Changes had not been made. Until such time as such an amendment shall have been
executed and delivered by the Borrower, the Administrative Agent and the Majority Lenders, all
financial covenants, standards and terms in this Agreement shall continue to be calculated or
construed as if such Accounting Changes had not occurred. “Accounting Changes” refers to changes
in accounting principles required by the promulgation of any rule, regulation, pronouncement or
opinion by the Financial Accounting Standards Board of the American Institute of Certified Public
Accountants or, if applicable, the SEC.

 

5

          “Governmental Authority”: any nation or government, any state or other political
subdivision thereof, any agency, authority, instrumentality, regulatory body, court, central bank
or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative
functions of or pertaining to government, any securities exchange and any self-regulatory
organization (including the National Association of Insurance Commissioners).

          “Guarantee Obligation”: as to any Person (the “guaranteeing person”), any
obligation, including a reimbursement, counterindemnity or similar obligation, of the guaranteeing
Person that guarantees or in effect guarantees any Indebtedness, leases, dividends or other
obligations (the “primary obligations”) of any other third Person (the “primary
obligor”) in any manner, whether directly or indirectly, including any obligation of the
guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any
property constituting direct or indirect security therefor, (ii) to advance or supply funds (1) for
the purchase or payment of any such primary obligation or (2) to maintain working capital or equity
capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary
obligor, (iii) to purchase property, securities or services primarily for the purpose of assuring
the owner of any such primary obligation of the ability of the primary obligor to make payment of
such primary obligation or (iv) otherwise to assure or hold harmless the owner of any such primary
obligation against loss in respect thereof; provided, however, that the term
Guarantee Obligation shall not include endorsements of instruments for deposit or collection in the
ordinary course of business. The amount of any Guarantee Obligation of any guaranteeing person
shall be deemed to be the lower of (a) an amount equal to the stated or determinable amount of the
primary obligation in respect of which such Guarantee Obligation is made and (b) the maximum amount
for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying
such Guarantee Obligation, unless such primary obligation and the maximum amount for which such
guaranteeing person may be liable are not stated or determinable, in which case the amount of such
Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated liability
in respect thereof as determined by the Borrower in good faith.

          “Guarantor”: Lam Research Corporation, a Delaware corporation. For purposes of
clarity, Guarantor is a guarantor, but not a co-obligor, of the Obligations.

          “Guarantor Default”: has the meaning specified in the Guarantee.

          “Guarantee”: the Guarantee Agreement by LRC in favor of the Administrative Agent,
dated as of even date herewith and substantially in the form of Exhibit A-1.

          “Homeland Reinvestment Act”: refers to the The Homeland Investment Act (HIA), a
provision of the American Jobs Creation Act (AJCA) of 2004, passed by Congress in October 2004.

          “Indebtedness”: of any Person at any date, without duplication, (a) all indebtedness
of such Person for borrowed money, (b) all obligations of such Person for the deferred purchase
price of property or services (other than current trade payables incurred in the ordinary course of
such Person’s business), (c) all obligations of such Person evidenced by notes, bonds, debentures
or other similar instruments, (d) all indebtedness created or arising under any conditional sale or
other title retention agreement with respect to property acquired by such Person (even though the
rights and remedies of the seller or lender under such agreement in the event of default are
limited to repossession or sale of such property), (e) all Capital Lease Obligations of such
Person, (f) all obligations of such Person, contingent or otherwise, as an account party or
applicant under or in respect of acceptances, letters of credit, surety bonds or similar
arrangements, (g) the liquidation value of all mandatorily redeemable preferred Capital Stock of
such Person, (h) all Guarantee Obligations of such Person in respect of obligations of the kind
referred to in clauses (a) through (g) above, (i) all obligations of the kind referred to in
clauses (a) through (h) above secured by (or for which the holder of such obligation has an
existing right, contingent or

 

6

otherwise, to be secured by) any Lien on property (including accounts and contract rights)
owned by such Person, whether or not such Person has assumed or become liable for the payment of
such obligation, and (j) for the purposes of Section 7(e) only, all obligations of such Person in
respect of Swap Agreements. The Indebtedness of any Person shall include the Indebtedness of any
other entity (including any partnership in which such Person is a general partner) to the extent
such Person is liable therefor as a result of such Person’s ownership interest in or other
relationship with such entity, except to the extent the terms of such Indebtedness expressly
provide that such Person is not liable therefor. Notwithstanding the foregoing, “Indebtedness”
shall not include any of the foregoing obligations or indebtedness of a Person which is fully
collateralized by cash or cash equivalents.

          “Insolvency”: with respect to any Multiemployer Plan, the condition that such Plan is
insolvent within the meaning of Section 4245 of ERISA.

          “Insolvent”: pertaining to a condition of Insolvency.

          “Intellectual Property”: the collective reference to all rights, priorities and
privileges relating to intellectual property, whether arising under United States, multinational or
foreign laws or otherwise, including copyrights, copyright licenses, patents, patent licenses,
trademarks, trademark licenses, technology, know-how and processes, and all rights to sue at law or
in equity for any infringement or other impairment thereof, including the right to receive all
proceeds and damages therefrom.

          “Interest Payment Date”: (a) as to any Loan having an Interest Period of three months
or less, the last day of such Interest Period, (b) as to any Loan having an Interest Period longer
than three months, each day that is three months, or a whole multiple thereof, after the first day
of such Interest Period and the last day of such Interest Period and (c) as to any Loan, the date
of any repayment or prepayment made in respect thereof.

          “Interest Period”: as to any Loan, (i) initially, the period commencing on the
borrowing or continuation date, as the case may be, with respect to such Loan and ending one, two,
three or six months thereafter, as selected by the Borrower in its notice of borrowing or notice of
continuation, as the case may be, given with respect thereto; and (ii) thereafter, each period
commencing on the last day of the next preceding Interest Period applicable to such Loan and ending
one, two, three or six months thereafter, as selected by the Borrower by irrevocable notice to the
Administrative Agent not later than 10:00 A.M., London time, three Business Days prior to the last
day of the then current Interest Period with respect thereto; provided that, all of the
foregoing provisions relating to Interest Periods are subject to the following:

     (i) if any Interest Period would otherwise end on a day that is not a Business Day,
such Interest Period shall be extended to the next succeeding Business Day unless the result
of such extension would be to carry such Interest Period into another calendar month in
which event such Interest Period shall end on the immediately preceding Business Day;

     (ii) the Borrower may not select an Interest Period that would extend beyond the
Maturity Date; and

     (iii) any Interest Period that begins on the last Business Day of a calendar month (or
on a day for which there is no numerically corresponding day in the calendar month at the
end of such Interest Period) shall end on the last Business Day of a calendar month.

          “Judgment Currency”: as defined in Section 9.16(b).

 

7

          “Lender Percentage”: as to any Lender at any time, the percentage which such Lender’s
Commitment then constitutes of the aggregate Commitments (or, at any time after the Closing Date,
the percentage which the aggregate amount of such Lender’s Loans then outstanding constitutes of
the aggregate principal amount of the Loans then outstanding.

          “Lenders”: as defined in the preamble hereto; provided, that unless the
context otherwise requires, each reference herein to the Lenders shall be deemed to include any
Conduit Lender.

          “LIBOR Rate”: with respect to an Interest Period pertaining to any Loan, , the rate
of interest determined on the basis of the rate for deposits in Dollars for a period equal to such
Interest Period commencing on the first day of such Interest Period appearing on Page 3750 of the
Telerate screen as of 11:00 A.M., London time, two Business Days prior to the beginning of such
Interest Period, provided that, in the event that such rate does not appear on Page 3750 of
the Telerate screen (or otherwise on such screen), the “LIBOR Rate” shall instead be the
interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to the
average of the rates at which deposits in Dollars equal to $5,000,000 for a maturity comparable to
such Interest Period, are offered by the principal London office of ABN AMRO Bank N.V. for
immediately available funds in the London interbank market at approximately 11:00 A.M., London
time, two Business Days prior to the commencement of such Interest Period.

          “Lien”: any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge or other security interest or any preference,
priority or other security agreement or preferential arrangement of any kind or nature whatsoever
(including any conditional sale or other title retention agreement and any capital lease having
substantially the same economic effect as any of the foregoing).

          “Loans”: as defined in Section 2.1.

          “Loan Documents”: this Agreement, the Guarantee, the Security Documents, the Notes
and any amendment, waiver, supplement or other modification to any of the foregoing.

          “LRC”: Lam Research Corporation, a Delaware corporation.

          “Majority Lenders”: the holders of more than 50% of the aggregate unpaid principal
amount of the Loans.

          “Material Adverse Effect”: a material adverse effect on (a) the business, property,
operations, condition (financial or otherwise) or prospects of the Borrower and its Subsidiaries
taken as a whole or (b) the validity or enforceability of this Agreement or any of the other Loan
Documents or the rights or remedies of the Administrative Agent or the Lenders hereunder or
thereunder.

          “Materials of Environmental Concern”: any gasoline or petroleum (including crude oil
or any fraction thereof) or petroleum products or any hazardous or toxic substances, materials or
wastes, defined or regulated as such in or under any Environmental Law, including asbestos,
polychlorinated biphenyls and urea-formaldehyde insulation.

          “Maturity Date”: the fifth anniversary of the Closing Date.

          “Multiemployer Plan”: a Plan that is a multiemployer plan as defined in Section
4001(a)(3) of ERISA.

 

8

          “Non-Excluded Taxes”: as defined in Section 2.14(a).

          “Non-U.S. Lender”: as defined in Section 2.14(d).

          “Notes”: the collective reference to any promissory note evidencing Loans.

          “Obligations”: the unpaid principal of and interest on (including interest accruing
after the maturity of the Loans and interest accruing after the filing of any petition in
bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to
the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such
proceeding) the Loans and all other obligations and liabilities of the Borrower to the
Administrative Agent or to any Lender, whether direct or indirect, absolute or contingent, due or
to become due, or now existing or hereafter incurred, which may arise under, out of, or in
connection with, this Agreement, any other Loan Document or any other document made, delivered or
given in connection herewith or therewith, whether on account of principal, interest, fees,
indemnities, costs, expenses (including all fees, charges and disbursements of counsel to the
Administrative Agent or to any Lender that are required to be paid by the Borrower pursuant hereto)
or otherwise.

          “Other Taxes”: any and all present or future stamp or documentary taxes or any other
excise or property taxes, charges or similar levies arising from any payment made hereunder or from
the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any
other Loan Document.

          “Overcollateralization Ratio”: the percentage equivalent of a fraction, the numerator
of which is the Market Value of the Pledged Collateral and the denominator of which is the
outstanding principal amount of the Loans.

          “Participant”: as defined in Section 9.6(c).

          “PBGC”: the Pension Benefit Guarantee Corporation established pursuant to Subtitle A
of Title IV of ERISA (or any successor).

          “Person”: an individual, partnership, corporation, limited liability company,
business trust, joint stock company, trust, unincorporated association, joint venture, Governmental
Authority or other entity of whatever nature.

          “Plan”: at a particular time, any employee benefit plan that is covered by ERISA and
in respect of which the Borrower or a Commonly Controlled Entity is (or, if such plan were
terminated at such time, would under Section 4069 of ERISA be deemed to be) an “employer” as
defined in Section 3(5) of ERISA.

          “Pledged Collateral”: as defined in the Security Agreement.

          “Pricing Grid”: the table set forth below.

	 	 	 
	Consolidated	 	Applicable LIBOR
	Leverage Ratio	 
	Margin
	less than 3.50:1.00
	 	0.100%
	3.50:1.00 or higher, but less than
5.00:1.00
	 	0.250%
	5.00:1.00 or higher
	 	0.500%

 

9

          For the purposes of the Pricing Grid, changes in the Applicable Margin resulting from changes
in the Consolidated Leverage Ratio shall become effective on the date (the “Adjustment
Date”) that is three Business Days after the date on which financial statements are delivered
to the Administrative Agent pursuant to Section 4.1 of the Guarantee and shall remain in effect
until the next change to be effected pursuant to this paragraph. If any financial statements
referred to above are not delivered within the time periods specified in Section 4.1 of the
Guarantee, then, until the date that is three Business Days after the date on which such financial
statements are delivered, the highest rate set forth in each column of the Pricing Grid shall
apply. In addition, at all times while an Event of Default shall have occurred and be continuing,
the highest rate set forth in each column of the Pricing Grid shall apply. Each determination of
the Consolidated Leverage Ratio pursuant to the Pricing Grid shall be made in a manner consistent
with the determination thereof pursuant to Section 4.1 of the Guarantee.

          “Properties”: as defined in Section 3.15(a).

          “Register”: as defined in Section 9.6(b).

          “Regulation U”: Regulation U of the Board as in effect from time to time.

          “Reorganization”: with respect to any Multiemployer Plan, the condition that such
plan is in reorganization within the meaning of Section 4241 of ERISA.

          “Reportable Event”: any of the events set forth in Section 4043(c) of ERISA, other
than those events as to which the thirty day notice period is waived under subsections .27, .28, .29, .30, .31, .32, .34 or .35 of PBGC Reg. § 4043.

          “Requirement of Law”: as to any Person, the Certificate of Incorporation and By-Laws
or other organizational or governing documents of such Person, and any law, treaty, rule or
regulation or determination of an arbitrator or a court or other Governmental Authority, in each
case applicable to or binding upon such Person or any of its property or to which such Person or
any of its property is subject.

          “Responsible Officer”: the chief executive officer, president or chief financial
officer or managing director of the Borrower, but in any event, with respect to financial matters,
the chief financial officer of the Borrower.

          “SEC”: the Securities and Exchange Commission, any successor thereto and any
analogous Governmental Authority.

          “Securities Account Control Agreement”: the Securities Account Control Agreement to be
executed and delivered by the Guarantor, substantially in the form attached to the Security
Agreement.

          “Security Agreement”: the Security Agreement to be executed and delivered by the
Guarantor, substantially in the form of Exhibit A-2.

          “Security Documents”: the collective reference to the Security Agreement, the
Securities Account Control Agreement and all other security documents hereafter delivered to the
Administrative Agent granting a Lien on the Pledged Collateral to secure the obligations and
liabilities of the Guarantor under the Guarantee.

 

10

          “Single Employer Plan”: any Plan that is covered by Title IV of ERISA, but that is
not a Multiemployer Plan.

          “Solvent”: when used with respect to any Person, means that, as of any date of
determination, (a) the amount of the “present fair saleable value” of the assets of such Person
will, as of such date, exceed the amount of all “liabilities of such Person, contingent or
otherwise”, as of such date, as such quoted terms are determined in accordance with applicable
federal and state laws governing determinations of the insolvency of debtors, (b) the present fair
saleable value of the assets of such Person will, as of such date, be greater than the amount that
will be required to pay the liability of such Person on its debts as such debts become absolute and
matured, (c) such Person will not have, as of such date, an unreasonably small amount of capital
with which to conduct its business, and (d) such Person will be able to pay its debts as they
mature. For purposes of this definition, (i) “debt” means liability on a “claim”, and (ii) “claim”
means any (x) right to payment, whether or not such a right is reduced to judgment, liquidated,
unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable,
secured or unsecured or (y) right to an equitable remedy for breach of performance if such breach
gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to
judgment, fixed, contingent, matured or unmatured, disputed, undisputed, secured or unsecured.

          “Subsidiary”: as to any Person, a corporation, partnership, limited liability company
or other entity of which shares of stock or other ownership interests having ordinary voting power
(other than stock or such other ownership interests having such power only by reason of the
happening of a contingency) to elect a majority of the board of directors or other managers of such
corporation, partnership or other entity are at the time owned, or the management of which is
otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such
Person. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this
Agreement shall refer to a Subsidiary or Subsidiaries of LRC.

          “Substitute Rate”: has the meaning specified in Section 2.11

          “Swap Agreement”: any agreement with respect to any swap, forward, future or
derivative transaction or option or similar agreement involving, or settled by reference to, one or
more rates, currencies, commodities, equity or debt instruments or securities, or economic,
financial or pricing indices or measures of economic, financial or pricing risk or value or any
similar transaction or any combination of these transactions; provided that no phantom
stock or similar plan providing for payments only on account of services provided by current or
former directors, officers, employees or consultants of the Borrower or any of its Subsidiaries
shall be a “Swap Agreement”.

          “Tranche”: the collective reference to Loans, the then current Interest Periods with
respect to all of which begin on the same date and end on the same later date (whether or not such
Loans shall originally have been made on the same day).

          “Transferee”: any Assignee or Participant.

          “United States”: the United States of America.

          “Wholly Owned Subsidiary”: as to any Person, any other Person all of the Capital
Stock of which (other than directors’ qualifying shares required by law) is owned by such Person
directly and/or through other Wholly Owned Subsidiaries.

 

11

          1.2 Other Definitional Provisions. (a) Unless otherwise specified therein, all terms
defined in this Agreement shall have the defined meanings when used in the other Loan Documents or
any certificate or other document made or delivered pursuant hereto or thereto.

          (b) As used herein and in the other Loan Documents, and any certificate or other document
made or delivered pursuant hereto or thereto, (i) accounting terms not defined in Section 1.1 and
accounting terms partly defined in Section 1.1, to the extent not defined, shall have the
respective meanings given to them under GAAP, (ii) the words “include”, “includes” and “including”
shall be deemed to be followed by the phrase “without limitation”, (iii) the word “incur” shall be
construed to mean incur, create, issue, assume, become liable in respect of or suffer to exist (and
the words “incurred” and “incurrence” shall have correlative meanings), (iv) the words “asset” and
“property” shall be construed to have the same meaning and effect and to refer to any and all
tangible and intangible assets and properties, including cash, Capital Stock, securities, revenues,
accounts, leasehold interests and contract rights, and (v) references to agreements or other
Contractual Obligations shall, unless otherwise specified, be deemed to refer to such agreements or
Contractual Obligations as amended, supplemented, restated or otherwise modified from time to time.

          (c) The words “hereof”, “herein” and “hereunder” and words of similar import, when used in
this Agreement, shall refer to this Agreement as a whole and not to any particular provision of
this Agreement, and Section, Schedule and Exhibit references are to this Agreement unless otherwise
specified.

          (d) The meanings given to terms defined herein shall be equally applicable to both the
singular and plural forms of such terms

 

          1.3 Switzerland Terms.

          In this Agreement, where it relates to a Swiss entity, a reference to insolvency includes,
without limitation, bankruptcy (faillite), insolvency, its voluntary or judicial liquidation
(liquidation volontaire ou judiciaire), composition with creditors (concordat préventif de
faillite), reprieve from payment (sursis de paiement), controlled management (gestion contrôlée),
general settlement with creditors, reorganization or similar laws affecting the rights of creditors
generally.

 

SECTION 2. AMOUNT AND TERMS OF COMMITMENTS

 

          2.1 Commitments. Subject to the terms and conditions hereof, (a) each Lender severally
agrees to make a term loan (a “Loan”) to the Borrower on the Closing Date in an amount not
to exceed the amount of the Commitment of such Lender.

 

          2.2 Procedure for Borrowing. The Borrower shall give the Administrative Agent irrevocable
notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York
City time, three Business Days prior to the anticipated Closing Date) requesting that the Lenders
make the Loans on the Closing Date and specifying the amount to be borrowed, the number of Tranches
and the initial Interest Period(s) applicable thereto. Upon receipt of such notice the
Administrative Agent shall promptly notify each Lender thereof. Not later than 12:00 Noon, New
York City time, on the Closing Date each Lender shall
make available to the Administrative Agent at the Funding Office an amount in immediately
available funds equal to the Loan to be made by such Lender. The Administrative Agent shall credit
the account of the Borrower on the books of such office of the Administrative Agent with the
aggregate of the amounts made available to the Administrative Agent by the Lenders in immediately
available funds.

 

12

          2.3 Repayment of Loans. The Loan of each Lender shall mature and be due and payable on
the Maturity Date.

          2.4 Fees, etc. The Borrower agrees to pay to the Administrative Agent the fees in the
amounts and on the dates as set forth in any fee agreements with the Administrative Agent and to
perform any other obligations contained therein.

          2.5 Optional Prepayments. The Borrower may at any time and from time to time prepay the
Loans, in whole or in part, without premium or penalty, upon irrevocable notice delivered to the
Administrative Agent no later than 11:00 A,M., New York City time, at least five Business Days
prior thereto, which notice shall specify the date and amount of prepayment and, if a partial
prepayment, the Tranche or Tranches being prepaid; provided, that if a Loan is prepaid on
any day other than the last day of the Interest Period applicable thereto, the Borrower shall also
pay any amounts owing pursuant to Section 2.15. Upon receipt of any such notice the Administrative
Agent shall promptly notify each relevant Lender thereof. If any such notice is given, the amount
specified in such notice shall be due and payable on the date specified therein, together with
accrued interest to such date on the amount prepaid. Partial prepayments of Loans shall be in an
aggregate principal amount of $5,000,000 or a whole multiple thereof.

          2.6 Intentionally Omitted.

          2.7 Continuation Options. Any Tranche may be continued as such upon the expiration of the
then current Interest Period with respect thereto by the Borrower giving irrevocable notice to the
Administrative Agent, in accordance with the applicable provisions of the term “Interest Period”
set forth in Section 1.1, of the length of the next Interest Period to be applicable to such Loans,
provided that if the Borrower shall fail to give any required notice as described above in
this paragraph such Loans shall be automatically be continued as Loans with an Interest Period of
one month. Upon receipt of any such notice the Administrative Agent shall promptly notify each
relevant Lender thereof.

          2.8 Limitations on Tranches. Notwithstanding anything to the contrary in this Agreement,
all borrowings and continuations of Loans and all selections of Interest Periods shall be in such
amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the
aggregate principal amount of the Loans comprising each Tranche shall be equal to $10,000,000 or a
whole multiple of $1,000,000 in excess thereof and (b) no more than ten Tranches shall be
outstanding at any one time.

          2.9 Interest Rates and Payment Dates. (a) Each Loan shall bear interest for each day during each Interest Period with respect
thereto at a rate per annum equal to the LIBOR Rate determined for such day plus the Applicable
Margin.

          (b) (i) If all or a portion of the principal amount of any Loan shall not be paid when due
(whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear
interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant
to the foregoing provisions of this Section plus 2% and (ii) if all or a portion of any
interest payable on any Loan or any fee or other amount payable hereunder shall not be paid when
due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear
interest at a rate per annum equal to the highest rate then applicable under this Agreement to
Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of
such non-payment until such amount is paid in full (as well after as before judgment).

          (c) Interest shall be payable in arrears on each Interest Payment Date, provided that
interest accruing pursuant to paragraph (b) of this Section shall be payable from time to time on
demand.

 

13

          2.10 Computation of Interest and Fees. (a) Interest and fees payable pursuant hereto
shall be calculated on the basis of a 360-day year for the actual days elapsed. The Administrative
Agent shall as soon as practicable notify the Borrower and the relevant Lenders of each
determination of a LIBOR Rate. Any change in the interest rate on a Loan resulting from a change
in the Eurocurrency Reserve Requirements shall become effective as of the opening of business on
the day on which such change becomes effective. The Administrative Agent shall as soon as
practicable notify the Borrower and the relevant Lenders of the effective date and the amount of
each such change in interest rate.

          (b) Each determination of an interest rate by the Administrative Agent pursuant to any
provision of this Agreement shall be conclusive and binding on the Borrower and the Lenders in the
absence of manifest error. The Administrative Agent shall, at the request of the Borrower, deliver
to the Borrower a statement showing the quotations used by the Administrative Agent in determining
any interest rate pursuant to Section 2.10(a).

          2.11 Inability to Determine Interest Rate. If prior to the first day of any Interest
Period:

     (a) the Administrative Agent shall have determined (which determination shall be
conclusive and binding upon the Borrower) that, by reason of circumstances affecting the
relevant market, adequate and reasonable means do not exist for ascertaining the LIBOR Rate
for such Interest Period, or

     (b) the Administrative Agent shall have received notice from the Majority Lenders that
the LIBOR Rate determined or to be determined for such Interest Period will not adequately
and fairly reflect the cost to such Lenders (as conclusively certified by such Lenders) of
making or maintaining their affected Loans during such Interest Period,

the Administrative Agent shall give telecopy or telephonic notice thereof to the Borrower and the
Lenders as soon as practicable thereafter. If such notice is given, then, as promptly as
practicable but in no event later than three Business Days after the giving of the required notice
by the Administrative Agent with respect to such circumstances, the Administrative Agent (in
consultation with the Lenders) shall negotiate with the Borrower in good faith in order to
ascertain whether a substitute interest rate (a “Substitute 
Rate”) may be agreed upon for the maintaining of Loans. If a Substitute Rate is agreed upon
by the Borrowers and all the Lenders, such Substitute Rate shall apply. If a Substitute Rate is
not so agreed upon by the Borrowers and all the Lenders within such time, each Lender’s Loans shall
thereafter bear interest at a rate equal to the sum of (i) the rate certified by such Lender to be
its costs of funds (from such sources as it may reasonably select out of those sources then
available to it) for such Loans, plus (ii) the Applicable Margin.

          2.12 Pro Rata Treatment and Payments. (a) Each borrowing by the Borrower from the
Lenders hereunder shall be made pro rata according to the respective Lender
Percentages of the Lenders.

          (b) Each payment (including each prepayment) by the Borrower on account of principal of and
interest on the Loans shall be made pro rata according to the respective
outstanding principal amounts of the Loans then held by the Lenders.

          (c) All payments (including prepayments) to be made by the Borrower hereunder, whether on
account of principal, interest, fees or otherwise, shall be made without setoff or counterclaim and
shall be made prior to 12:00 Noon, New York City time, on the due date thereof to the
Administrative Agent, for the account of the Lenders, at the Funding Office, in Dollars and in
immediately available

 

14

funds. The Administrative Agent shall distribute such payments to the
Lenders promptly upon receipt in like funds as received. If any payment hereunder (other than
payments on the Loans) becomes due and payable on a day other than a Business Day, such payment
shall be extended to the next succeeding Business Day. If any payment on a Loan becomes due and
payable on a day other than a Business Day, the maturity thereof shall be extended to the next
succeeding Business Day unless the result of such extension would be to extend such payment into
another calendar month, in which event such payment shall be made on the immediately preceding
Business Day. In the case of any extension of any payment of principal pursuant to the preceding
two sentences, interest thereon shall be payable at the then applicable rate during such extension.

          (d) Unless the Administrative Agent shall have been notified in writing by any Lender prior
to a borrowing that such Lender will not make the amount that would constitute its share of such
borrowing available to the Administrative Agent, the Administrative Agent may assume that such
Lender is making such amount available to the Administrative Agent, and the Administrative Agent
may, in reliance upon such assumption, make available to the Borrower a corresponding amount. If
such amount is not made available to the Administrative Agent by the required time on the Borrowing
Date therefor, such Lender shall pay to the Administrative Agent, on demand, such amount with
interest thereon, at a rate equal to the greater of such amount with interest thereon at a rate
determined by the Administrative Agent to be the cost to it of funding such amount, for the period
until such Lender makes such amount immediately available to the Administrative Agent. A
certificate of the Administrative Agent submitted to any Lender with respect to any amounts owing
under this paragraph shall be conclusive in the absence of manifest error. If such Lender’s share
of such borrowing is not made available to the Administrative Agent by such Lender within three
Business Days after such Borrowing Date, the Administrative Agent shall also be entitled to recover
such amount with interest thereon at a rate determined by the Administrative Agent to be the sum of
(x) the cost to it of funding such amount plus (y) the Applicable Margin, on demand, from the
Borrower. Nothing herein shall be deemed to limit the rights of the Administrative Agent or any
Lender against the relevant Borrower with respect to such payment.

          (e) Unless the Administrative Agent shall have been notified in writing by the Borrower prior
to the date of any payment due to be made by the Borrower hereunder that the Borrower will not make
such payment to the Administrative Agent, the Administrative Agent may assume that the Borrower
is making such payment, and the Administrative Agent may, but shall not be required to, in
reliance upon such assumption, make available to the Lenders their respective pro rata shares of a corresponding amount.
If such payment is not made to the Administrative
Agent by the Borrower within three Business Days after such due date, the Administrative Agent
shall be entitled to recover, on demand, from each Lender to which any amount which was made
available pursuant to the preceding sentence, such amount with interest thereon at a rate per annum
determined by the Administrative Agent to be the cost to it of funding such amount. Nothing herein
shall be deemed to limit the rights of the Administrative Agent or any Lender against the relevant
Borrower with respect to such payment.

          2.13 Requirements of Law. (a) If the adoption of or any change in any Requirement of Law
or in the interpretation or application thereof or compliance by any Lender with any request or
directive (whether or not having the force of law) from any central bank or other Governmental
Authority made subsequent to the date hereof:

     (i) shall subject any Lender to any tax of any kind whatsoever with respect to this
Agreement or any Loan made by it, or change the basis of taxation of payments to such Lender
in respect thereof (except for Non-Excluded Taxes covered by Section 2.14 and changes in the
rate of tax on the overall net income of such Lender);

 

15

     (ii) shall impose, modify or hold applicable any reserve, special deposit, compulsory
loan or similar requirement against assets held by, deposits or other liabilities in or for
the account of, advances, loans or other extensions of credit by, or any other acquisition
of funds by, any office of such Lender that is not otherwise included in the determination
of the LIBOR Rate; or

     (iii) shall impose on such Lender any other condition;

and the result of any of the foregoing is to increase the cost to such Lender, by an amount that
such Lender deems to be material, of making, continuing or maintaining Loans or to reduce any
amount receivable hereunder in respect thereof, then, in any such case, the Borrower shall promptly
pay such Lender, upon its demand, any additional amounts necessary to compensate such Lender for
such increased cost or reduced amount receivable. If any Lender becomes entitled to claim any
additional amounts pursuant to this paragraph, it shall promptly notify the Borrower (with a copy
to the Administrative Agent) of the event by reason of which it has become so entitled.

          (b) If any Lender shall have determined that the adoption of or any change in any Requirement
of Law regarding capital adequacy or in the interpretation or application thereof or compliance by
such Lender or any corporation controlling such Lender with any request or directive regarding
capital adequacy (whether or not having the force of law) from any Governmental Authority made
subsequent to the date hereof shall have the effect of reducing the rate of return on such Lender’s
or such corporation’s capital as a consequence of its obligations hereunder to a level below that
which such Lender or such corporation could have achieved but for such adoption, change or
compliance (taking into consideration such Lender’s or such corporation’s policies with respect to
capital adequacy) by an amount deemed by such Lender to be material, then from time to time, after
submission by such Lender to the Borrower (with a copy to the Administrative Agent) of a written
request therefor, the Borrower shall pay to such Lender such additional amount or amounts as will
compensate such Lender or such corporation for such reduction.

          (c) A certificate as to any additional amounts payable pursuant to this Section submitted by
any Lender to the Borrower (with a copy to the Administrative Agent) shall be conclusive in the
absence of manifest error. Notwithstanding anything to the contrary in this Section, the Borrower
shall not be required to compensate a Lender pursuant to this Section for any amounts incurred more
than nine months prior to the date that such Lender notifies the Borrower of such Lender’s
intention to claim compensation therefor; provided that, if the circumstances giving rise
to such claim have a retroactive effect, then such nine-month period shall be extended to include
the period of such retroactive effect. The obligations of the Borrower pursuant to this Section
shall survive the termination of this Agreement and the payment of the Loans and all other amounts
payable hereunder.

          2.14 Taxes. (a) All payments made by the Borrower under this Agreement shall be made free
and clear of, and without deduction or withholding for or on account of, any present or future
income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings,
now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority,
excluding net income taxes and franchise taxes (imposed in lieu of net income taxes) imposed on the
Administrative Agent or any Lender as a result of a present or former connection between the
Administrative Agent or such Lender and the jurisdiction of the Governmental Authority imposing
such tax or any political subdivision or taxing authority thereof or therein (other than any such
connection arising solely from the Administrative Agent or such Lender having executed, delivered
or performed its obligations or received a payment under, or enforced, this Agreement or any other
Loan Document). If any such non-excluded taxes, levies, imposts, duties, charges, fees, deductions
or withholdings (“Non-Excluded Taxes”) or Other Taxes are required to be withheld from any
amounts payable to the Administrative Agent or any Lender

 

16

hereunder, the amounts so payable to the
Administrative Agent or such Lender shall be increased to the extent necessary to yield to the
Administrative Agent or such Lender (after payment of all Non-Excluded Taxes and Other Taxes)
interest or any such other amounts payable hereunder at the rates or in the amounts specified in
this Agreement, provided, however, that neither the Borrower nor the Guarantor
shall be required to increase any such amounts payable to any Lender with respect to any
Non-Excluded Taxes (i) that are attributable to such Lender’s failure to comply with the
requirements of paragraph (d) or (e) of this Section or (ii) that are taxes, levies, imposts,
duties, charges, fees, deductions or withholdings imposed on amounts payable to such Lender at the
time such Lender becomes a party to this Agreement (including, without limitation, any Lender by
assignment or syndication), except to the extent that such Lender’s assignor (if any) was entitled,
at the time of assignment, to receive additional amounts from the Borrower or the Guarantor with
respect to such Non-Excluded Taxes pursuant to this paragraph.

          (b) In addition, the Borrower agrees to pay any Other Taxes to the relevant Governmental
Authority in accordance with applicable law.

          (c) Whenever any Non-Excluded Taxes or Other Taxes are payable by the Borrower, as promptly
as possible thereafter the Borrower shall send to the Administrative Agent for its own account or
for the account of the relevant Lender, as the case may be, a certified copy of an original
official receipt received by the Borrower showing payment thereof. If the Borrower fails to pay
any Non-Excluded Taxes or Other Taxes when due to the appropriate taxing authority or fails to
remit to the Administrative Agent the required receipts or other required documentary evidence,
then Borrower agrees to indemnify the Administrative Agent and the Lenders for any incremental
taxes, interest or penalties that may become payable by the Administrative Agent or any Lender as a
result of any such failure.

          (d) A Lender that is entitled to an exemption from or reduction of non-U.S. withholding tax
under the law of the jurisdiction in which the Borrower is located, or any treaty to which such
jurisdiction is a party, with respect to payments under this Agreement shall deliver to the
Borrower (with
a copy to the Administrative Agent), at the time or times prescribed by applicable law or
reasonably requested by the Borrower, such properly completed and executed documentation prescribed
by applicable law as will permit such payments to be made without withholding or at a reduced rate,
provided that such Lender is legally entitled to complete, execute and deliver such
documentation and in such Lender’s judgment such completion, execution or submission would not
materially prejudice the legal position of such Lender.

          (e) If the Administrative Agent or any Lender determines, in its sole discretion, that it has
received a refund of any Non-Excluded Taxes or Other Taxes as to which it has been indemnified by
the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this
Section 2.14, it shall pay over such refund to the Borrower (but only to the extent of indemnity
payments made, or additional amounts paid, by the Borrower under this Section 2.14 with respect to
the Non-Excluded Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket
expenses of the Administrative Agent or such Lender and without interest (other than any interest
paid by the relevant Governmental Authority with respect to such refund); provided, that
the Borrower, upon the request of the Administrative Agent or such Lender, agrees to repay the
amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the
relevant Governmental Authority) to the Administrative Agent or such Lender in the event the
Administrative Agent or such Lender is required to repay such refund to such Governmental
Authority. This paragraph shall not be construed to require the Administrative Agent or any Lender
to make available its tax returns (or any other information relating to its taxes which it deems
confidential) to the Borrower or any other Person.

          (f) The agreements in this Section shall survive the termination of this Agreement and the
payment of the Loans and all other amounts payable hereunder.

 

17

          2.15 Indemnity. The Borrower agrees to indemnify each Lender for, and to hold each Lender
harmless from, any loss or expense that such Lender may sustain or incur as a consequence of (a)
default by the Borrower in making a borrowing of, conversion into or continuation of Loans after
the Borrower has given a notice requesting the same in accordance with the provisions of this
Agreement, (b) default by the Borrower in making any prepayment of or conversion from Loans after
the Borrower has given a notice thereof in accordance with the provisions of this Agreement or (c)
the making of a prepayment of Loans on a day that is not the last day of an Interest Period with
respect thereto. Such indemnification may include an amount equal to the excess, if any, of (i)
the amount of interest that would have accrued on the amount so prepaid, or not so borrowed,
converted or continued, for the period from the date of such prepayment or of such failure to
borrow, convert or continue to the last day of such Interest Period (or, in the case of a failure
to borrow, convert or continue, the Interest Period that would have commenced on the date of such
failure) in each case at the applicable rate of interest for such Loans provided for herein
(excluding, however, the Applicable Margin included therein, if any) over (ii) the amount
of interest (as reasonably determined by such Lender) that would have accrued to such Lender on
such amount by placing such amount on deposit for a comparable period with leading banks in the
interbank eurodollar market. A certificate as to any amounts payable pursuant to this Section
submitted to the Borrower by any Lender shall be conclusive in the absence of manifest error. This
covenant shall survive the termination of this Agreement and the payment of the Loans and all other
amounts payable hereunder.

          2.16 Change of Lending Office. Each Lender agrees that, upon the occurrence of any event
giving rise to the operation of Section 2.13 or 2.14(a) with respect to such Lender, it will, if
requested by the Borrower, use reasonable efforts (subject to overall policy considerations of such
Lender) to designate another lending
office for any Loans affected by such event with the object of avoiding the consequences of
such event; provided, that such designation is made on terms that, in the sole judgment of
such Lender, cause such Lender and its lending office(s) to suffer no economic, legal or regulatory
disadvantage, and provided, further, that nothing in this Section shall affect or
postpone any of the obligations of the Borrower or the rights of any Lender pursuant to Section
2.13 or 2.14(a).

          2.17 Replacement of Lenders. The Borrower shall be permitted to replace any Lender that
(a) requests reimbursement for amounts owing pursuant to Section 2.13 or 2.14(a) or (b) defaults in
its obligation to make Loans hereunder, with a replacement financial institution; provided
that (i) such replacement does not conflict with any Requirement of Law, (ii) no Event of Default
shall have occurred and be continuing at the time of such replacement, (iii) prior to any such
replacement, such Lender shall have taken no action under Section 2.16 so as to eliminate the
continued need for payment of amounts owing pursuant to Section 2.13 or 2.14(a), (iv) the
replacement financial institution shall purchase, at par, all Loans and other amounts owing to such
replaced Lender on or prior to the date of replacement, (v) the Borrower shall be liable to such
replaced Lender under Section 2.15 if any Loan owing to such replaced Lender shall be purchased
other than on the last day of the Interest Period relating thereto, (vi) the replacement financial
institution shall be reasonably satisfactory to the Administrative Agent, (vii) the replaced Lender
shall be obligated to make such replacement in accordance with the provisions of Section 9.6
(provided that the Borrower shall be obligated to pay the registration and processing fee referred
to therein), (viii) until such time as such replacement shall be consummated, the Borrower shall
pay all additional amounts (if any) required pursuant to Section 2.13 or 2.14(a), as the case may
be, and (ix) any such replacement shall not be deemed to be a waiver of any rights that the
Borrower, the Administrative Agent or any other Lender shall have against the replaced Lender.

 

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SECTION 3. REPRESENTATIONS AND WARRANTIES

          To induce the Administrative Agent and the Lenders to enter into this Agreement and to make
the Loans, the Borrower hereby represents and warrants to the Administrative Agent and each Lender
that:

          3.1 Existence; Compliance with Law. The Borrower (a) is duly organized, validly existing
and in good standing under the laws of the jurisdiction of its organization, (b) has the power and
authority, and the legal right, to own and operate its property, to lease the property it operates
as lessee and to conduct the business in which it is currently engaged, (c) is duly qualified as a
foreign corporation or other organization and in good standing under the laws of each jurisdiction
where its ownership, lease or operation of property or the conduct of its business requires such
qualification and (d) is in compliance with all Requirements of Law except to the extent that the
failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material
Adverse Effect.

          3.2 Power; Authorization; Enforceable Obligations. The Borrower has the power and
authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a
party and to obtain extensions of credit hereunder. The Borrower has taken all necessary
organizational action to authorize the execution, delivery and performance of the Loan Documents to
which it is a party and to authorize the extensions of credit on the terms and conditions of this
Agreement. No consent or authorization of, filing with, notice to or other act by or in respect
of, any Governmental Authority or any other Person is required in connection with the
extensions of credit hereunder or with the execution, delivery, performance, validity or
enforceability of this Agreement or any of the Loan Documents, except consents, authorizations,
filings and notices described in Schedule 3.3, which consents, authorizations, filings and notices
have been obtained or made and are in full force and effect. Each Loan Document to which the
Borrower is a party has been duly executed and delivered on behalf of the Borrower. This Agreement
constitutes, and each other Loan Document to which the Borrower is a party upon execution will
constitute, a legal, valid and binding obligation of the Borrower, enforceable against the Borrower
in accordance with its terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’
rights generally and by general equitable principles (whether enforcement is sought by proceedings
in equity or at law).

          3.3 No Legal Bar. The execution, delivery and performance of this Agreement and the other
Loan Documents to which the Borrower is a party, the borrowings hereunder and the use of the
proceeds thereof will not violate any Requirement of Law or any Contractual Obligation of the
Borrower and will not result in, or require, the creation or imposition of any Lien on any of their
respective properties or revenues pursuant to any Requirement of Law or any such Contractual
Obligation. No Requirement of Law or Contractual Obligation applicable to the Borrower could
reasonably be expected to have a Material Adverse Effect.

          3.4 Litigation. No litigation, investigation or proceeding of or before any arbitrator or
Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against
Borrower or against any of its properties or revenues (a) with respect to any of the Loan Documents
or any of the transactions contemplated hereby or thereby, or (b) that could reasonably be expected
to have a Material Adverse Effect.

          3.5 No Default. The Borrower is not in default under or with respect to any of its
Contractual Obligations in any respect that could reasonably be expected to have a Material Adverse
Effect. No Default or Event of Default has occurred and is continuing.

 

19

          3.6 Ownership of Property; Liens. The Borrower has title in fee simple to, or a valid
leasehold interest in, all its real property, and good title to, or a valid leasehold interest in,
all its other property, and none of such property is subject to any Lien except as permitted by
Section 5.1 of the Guarantee.

          3.7 Intellectual Property. The Borrower owns, or is licensed to use, all Intellectual
Property necessary for the conduct of its business as currently conducted. No material claim has
been asserted and is pending by any Person challenging or questioning the use of any Intellectual
Property or the validity or effectiveness of any Intellectual Property, nor does the Borrower know
of any valid basis for any such claim and the use of Intellectual Property by Borrower does not
infringe on the rights of any Person in any material respect, in each case, that could reasonably
be expected to have a Material Adverse Effect.

          3.8 Taxes. The Borrower has filed or caused to be filed all material tax returns that are required to
be filed and has paid all taxes shown to be due and payable on said returns or on any assessments
made against it or any of its property and all other taxes, fees or other charges imposed on it or
any of its property by any Governmental Authority (other than any the amount or validity of which
are currently being contested in good faith by appropriate proceedings and with respect to which
reserves in conformity with GAAP have been provided on the books of the Borrower); no tax Lien has
been filed, and, to the knowledge of the Borrower, no claim is being asserted, with respect to any
such tax, fee or other charge.

          3.9 Federal Regulations. No part of the proceeds of any Loans, and no other extensions of
credit hereunder, will be used (a) for “buying” or “carrying” any “margin stock” within the
respective meanings of each of the quoted terms under Regulation U as now and from time to time
hereafter in effect for any purpose that violates the provisions of the Regulations of the Board or
(b) for any purpose that violates the provisions of the Regulations of the Board. If requested by
any Lender or the Administrative Agent, the Borrower will furnish to the Administrative Agent and
each Lender a statement to the foregoing effect in conformity with the requirements of FR Form G-3
or FR Form U-1, as applicable, referred to in Regulation U.

          3.10 Investment Company Act; Other Regulations. The Borrower is not an “investment
company”, or a company “controlled” by an “investment company”, within the meaning of the
Investment Company Act of 1940, as amended. The Borrower is not subject to regulation under any
Requirement of Law (other than Regulation X of the Board) that limits its ability to incur
Indebtedness.

          3.11 Use of Proceeds. The proceeds of the Loans shall be available to the Borrower (and
the Borrower agrees that it shall use such proceeds) solely for to finance qualifying cash
dividends (as such term is defined in the Homeland Reinvestment Act) distributed by Foreign
Subsidiaries under the Homeland Reinvestment Act.

          3.12 Accuracy of Information. No statement or information contained in this Agreement or
any other document, certificate or statement furnished by or on behalf of the Borrower to the
Administrative Agent or the Lenders, or any of them, for use in connection with the transactions
contemplated by this Agreement, contained as of the date such statement, information, document or
certificate was so furnished, any untrue statement of a material fact or omitted to state a
material fact necessary to make the statements contained herein or therein not misleading. The
projections and pro forma financial information contained in the materials referenced above are
based upon good faith estimates and assumptions believed by management of the Borrower to be
reasonable at the time made, it being recognized by the Lenders that such financial information as
it relates to future events is not to be viewed as fact and that actual results during the period
or periods covered by such financial information

 

20

may differ from the projected results set forth
therein by a material amount. There is no fact known to the Borrower that could reasonably be
expected to have a Material Adverse Effect that has not been expressly disclosed herein or in any
other documents, certificates and statements furnished to the Administrative Agent and the Lenders
for use in connection with the transactions contemplated hereby and by the other Loan Documents.

SECTION 4. CONDITIONS PRECEDENT

          The agreement of each Lender to make the Loan requested to be made by it is subject to the
satisfaction, prior to or concurrently with the making of such Loan on the Closing Date, of the
following conditions precedent:

     (a) Credit Agreement; Security Agreement; Securities Account Control Agreement.
The Administrative Agent shall have received (i) this Agreement, executed and delivered by
the Administrative Agent, the Borrower and each Person listed on Schedule 1.1A, (ii) the
Security Agreement, executed and delivered by the Guarantor, (iii) the Guarantee executed
and delivered by the Guarantor and (iv) the Securities Account Control Agreement, executed
and delivered by the Guarantor.

     (b) Fees. The Administrative Agent shall have received all fees required to be
paid, and all expenses for which invoices have been presented (including the reasonable fees
and expenses of legal counsel), on or before the Closing Date. All such amounts will be
paid with proceeds of Loans made on the Closing Date and will be reflected in the funding
instructions given by the Borrower to the Administrative Agent on or before the Closing
Date.

     (c) Closing Certificate; Certified Certificate of Incorporation; Good Standing
Certificates. The Administrative Agent shall have received (i) a certificate of
Borrower and LRC, dated the Closing Date, substantially in the form of Exhibit C, with
appropriate insertions and attachments, including the certificate of incorporation of each
of Borrower and LRC certified by the relevant authority of the jurisdiction of organization
of each such entity, and (ii) a long form good standing certificate for each such entity
from its jurisdiction of organization.

     (d) Legal Opinions. The Administrative Agent shall have received the following
executed legal opinions:

     (i) the legal opinion of Beglinger Holenstein, counsel to the Borrower,
substantially in the form of Exhibit D-1;

     (ii) the legal opinion of Daniel Rabago, Esq., general counsel of the Borrower,
the Guarantor and their respective Subsidiaries, substantially in the form of
Exhibit D-2; and

     (iii) the legal opinion of Heller Ehrman LLP, counsel to the Borrower and the
Guarantor, substantially in the form of Exhibit D-3; and

Each such legal opinion shall cover such other matters incident to the transactions
contemplated by this Agreement as the Administrative Agent may reasonably require.

     (e) Pledged Collateral Compliance. After giving effect to the Loans, the
Overcollateralization Ratio shall not be less than 110%, as provided in the Security
Agreement.

 

21

     (f) Representations and Warranties. Each of the representations and warranties
made by Borrower and LRC in or pursuant to the Loan Documents shall be true and correct on
and as of such date as if made on and as of such date.

     (g) No Default. No Default or Event of Default shall have occurred and be
continuing on such date or after giving effect to the extensions of credit requested to be
made on such date.

SECTION 5. AFFIRMATIVE COVENANTS

          The Borrower agrees that, so long as the Commitments remain in effect or any Loan or other
amount is owing to any Lender or the Administrative Agent hereunder, the Borrower shall:

          5.1 Certificates; Other Information. Furnish to the Administrative Agent:

     (a) concurrently with the delivery of any financial statements pursuant to Section 4.1
of the Guarantee, (i) a certificate of a Responsible Officer stating that, to the best of
each such Responsible Officer’s knowledge, the Borrower during such period has observed or
performed all of its covenants and other agreements, and satisfied every condition contained
in this Agreement and the other Loan Documents to which it is a party to be observed,
performed or satisfied by it, and that such Responsible Officer has obtained no knowledge of
any Default or Event of Default except as specified in such certificate and (ii) an
Applicable Margin Certificate containing all information and calculations necessary for
determining the Applicable Margin in accordance with the Pricing Grid; and

     (b) promptly, such additional financial and other information as any Lender may from
time to time reasonably request.

          5.2 Payment of Obligations. Pay, discharge or otherwise satisfy at or before maturity or
before they become delinquent, as the case may be, all its material obligations of whatever nature,
except where the amount or validity thereof is currently being contested in good faith by
appropriate proceedings and reserves in conformity with GAAP with respect thereto have been
provided on its books.

          5.3 Maintenance of Existence; Compliance. (a)(i) Preserve, renew and keep in full force
and effect its organizational existence and (ii) take all reasonable action to maintain all rights,
privileges and franchises necessary or desirable in the normal conduct of its business, except, in
each case, as otherwise permitted by Section 5.2 of the Guarantee and except, in the case of clause
(ii) above, to the extent that failure to do so could not reasonably be expected to have a Material
Adverse Effect; and (b) comply with all Contractual Obligations and Requirements of Law except to
the extent that failure to comply therewith could not, in the aggregate, reasonably be expected to
have a Material Adverse Effect.

          5.4 Maintenance of Property; Insurance. (a) Keep all property useful and necessary in
its business in good working order and condition, ordinary wear and tear excepted and (b) maintain
with financially sound and reputable insurance companies insurance on all its property in at least
such amounts and against at least such risks (but including in any event public liability, product
liability and business interruption) as are usually insured against in the same general area by
companies engaged in the same or a similar business.

          5.5 Inspection of Property; Books and Records; Discussions. (a) Keep proper books of
records and account in which full, true and correct entries in conformity with GAAP and all
Requirements of Law shall be made of all dealings and transactions in
relation to its business and activities and (b) permit representatives of any Lender to visit
and inspect any of its properties and

 

22

examine and make abstracts from any of its books and records
at any reasonable time and as often as may reasonably be desired and to discuss the business,
operations, properties and financial and other condition of the Borrower with officers and
employees of the Borrower and with their independent certified public accountants.

          5.6 Notices. Promptly after acquiring knowledge thereof give notice to the Administrative
Agent of:

     (a) the occurrence of any Default or Event of Default;

     (b) any (i) default or event of default under any Contractual Obligation of the
Borrower or (ii) litigation, investigation or proceeding that may exist at any time between
the Borrower and any Governmental Authority, that in either case, if not cured or if
adversely determined, as the case may be, could reasonably be expected to have a Material
Adverse Effect;

     (c) any litigation or proceeding affecting the Borrower that, if not cured or if
adversely determined, as the case may be, could reasonably be expected to have a Material
Adverse Effect; and

     (d) any development or event that has had or could reasonably be expected to have a
Material Adverse Effect.

Each notice pursuant to this Section 5.6 shall be accompanied by a statement of a Responsible
Officer setting forth details of the occurrence referred to therein and stating what action the
Borrower proposes to take with respect thereto. Any notice provided pursuant to Section 4.4 of the
Guarantee shall also be deemed to be a notice pursuant to this Section 5.6 to the extent relevant
hereto.

          5.7 Environmental Laws. (a) Comply in all material respects with, and ensure compliance
in all material respects by all tenants and subtenants, if any, with, all applicable Environmental
Laws, and obtain and comply in all material respects with and maintain, and ensure that all tenants
and subtenants obtain and comply in all material respects with and maintain, any and all licenses,
approvals, notifications, registrations or permits required by applicable Environmental Laws.

          (b) Conduct and complete all investigations, studies, sampling and testing, and all remedial,
removal and other actions required under Environmental Laws and promptly comply in all material
respects with all lawful orders and directives of all Governmental Authorities regarding
Environmental Laws.

SECTION 6. NEGATIVE COVENANTS

          The Borrower hereby agrees that, so long as the Commitments remain in effect or any Loan or
other amount is owing to any Lender or the Administrative Agent hereunder, the Borrower shall not,
and shall not permit any of its Subsidiaries to, directly or indirectly:

          6.1 Fundamental Changes. Enter into any merger, consolidation or amalgamation, or liquidate, wind up or dissolve
itself (or suffer any liquidation or dissolution), or Dispose of all or substantially all of its
property or business, except to the extent permitted pursuant to Section 5.2 of the Guarantee.

 

23

          6.2 Disposition of Property. Dispose of any of its property, whether now owned
or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such
Subsidiary’s Capital Stock to any Person, except to the extent permitted pursuant to Section 5.2
and 5.3 of the Guarantee.

          6.3 Transactions with Affiliates. Enter into any transaction, including any purchase,
sale, lease or exchange of property, the rendering of any service or the payment of any management,
advisory or similar fees, with any Affiliate (other than any Wholly Owned Subsidiaries) unless such
transaction is upon fair and reasonable terms no less favorable to the Borrower or any of its
Subsidiaries than it would obtain in a comparable arm’s length transaction with a Person that is
not an Affiliate, or is otherwise permitted under this Agreement.

          6.4 Lines of Business. Enter into any business, either directly or through any
Subsidiary, except for those businesses in which the Borrower and its Subsidiaries are engaged on
the date of this Agreement or that are reasonably related thereto.

SECTION 7. EVENTS OF DEFAULT

     If any of the following events shall occur and be continuing:

     (a) the Borrower shall fail to pay any principal of any Loan when due in accordance
with the terms hereof; or the Borrower shall fail to pay any interest on any Loan or any
other amount payable hereunder or under any other Loan Document, within five days after any
such interest or other amount becomes due in accordance with the terms hereof; or

     (b) any representation or warranty made or deemed made by Borrower herein or in any
other Loan Document or that is contained in any certificate, document or financial or other
statement furnished by it at any time under or in connection with this Agreement or any such
other Loan Document shall prove to have been inaccurate in any material respect on or as of
the date made or deemed made; or

     (c) Borrower shall default in the observance or performance of any agreement contained
in clause (i) or (ii) of Section 5.3(a), Section 5.6(a) or Section 6 of this Agreement; or

     (d) Borrower shall default in the observance or performance of any other agreement
contained in this Agreement or any other Loan Document (other than as provided in paragraphs
(a) through (c) of this Section), and such default shall continue unremedied for a period of
30 days after notice to the Borrower from the Administrative Agent or the Majority Lenders;
or

     (e) Borrower shall (i) default in making any payment of any principal of any
Indebtedness (including any Guarantee Obligation, but excluding the Loans) on the scheduled
or original due date with respect thereto; or (ii) default in making any payment of any
interest on any such Indebtedness beyond the period of grace, if any, provided in the
instrument or agreement under which such Indebtedness was created; or (iii) default in the
observance or performance of any other agreement or condition relating to any such
Indebtedness or contained in any instrument or agreement evidencing, securing or relating
thereto, or any other event shall
occur or condition exist, the effect of which default or other event or condition is to
cause, or to permit the holder or beneficiary of such Indebtedness (or a trustee or agent on
behalf of such holder or beneficiary) to cause, with the giving of notice if required, such
Indebtedness to become due prior to its stated maturity or (in the case of any such
Indebtedness constituting a Guarantee Obligation) to become payable; provided, that
a default, event or condition described in clause (i), (ii) or (iii) of this paragraph (e)
shall not at any time constitute an Event of Default unless, at such

 

24

time, one or more
defaults, events or conditions of the type described in clauses (i), (ii) and (iii) of this
paragraph (e) shall have occurred and be continuing with respect to Indebtedness the
outstanding principal amount of which exceeds in the aggregate $25,000,000; or

     (f) (i) Borrower shall commence any case, proceeding or other action (A) under any
existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy,
insolvency, reorganization or relief of debtors, seeking to have an order for relief entered
with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking
reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition
or other relief with respect to it or its debts, or (B) seeking appointment of a receiver,
trustee, custodian, conservator or other similar official for it or for all or any
substantial part of its assets, or Borrower shall make a general assignment for the benefit
of its creditors; or (ii) there shall be commenced against Borrower any case, proceeding or
other action of a nature referred to in clause (i) above that (A) results in the entry of an
order for relief or any such adjudication or appointment or (B) remains undismissed or
undischarged for a period of 120 days; or (iii) there shall be commenced against Borrower
any case, proceeding or other action seeking issuance of a warrant of attachment, execution,
distraint or similar process against all or any substantial part of its assets that results
in the entry of an order for any such relief that shall not have been vacated, discharged,
or stayed or bonded pending appeal within 60 days from the entry thereof; or (iv) Borrower
shall take any action in furtherance of, or indicating its consent to, approval of, or
acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) the
Borrower shall generally not, or shall be unable to, or shall admit in writing its inability
to, pay its debts as they become due; or

     (g) one or more judgments or decrees shall be entered against Borrower involving in the
aggregate a liability (not paid or fully covered by insurance as to which the relevant
insurance company has acknowledged coverage) of $25,000,000 or more, and all such judgments
or decrees shall not have been vacated, discharged, stayed or bonded pending appeal within
30 days from the entry thereof; or

     (h) the Guarantee shall cease, for any reason, to be in full force and effect or
Borrower or any Affiliate of Borrower shall so assert; or

     (i) any Event of Default or Guarantor Default shall have occurred and be continuing
under the Guaranty or any other Security Agreement;

then, and in any such event, (A) if such event is an Event of Default specified in clause (i) or
(ii) of paragraph (f) above, automatically the Commitments shall immediately terminate and the
Loans (with accrued interest thereon) and all other amounts owing under this Agreement and the
other Loan Documents shall immediately become due and payable, and (B) if such event is any other
Event of Default, either or both of the following actions may be taken: (i) with the consent of
the Majority Lenders, the Administrative Agent may, or upon the request of the Majority Lenders,
the Administrative Agent shall, by notice to the Borrower declare the Commitments to be terminated
forthwith, whereupon the Commitments shall immediately terminate; and (ii) with the consent of the
Majority Lenders, the Administrative Agent may, or upon the request of the Majority Lenders, the
Administrative Agent shall, by notice to the Borrower, declare the Loans (with accrued interest
thereon) and all other amounts owing
under this Agreement and the other Loan Documents to be due and payable forthwith, whereupon the
same shall immediately become due and payable.

 

 25

SECTION 8. THE AGENTS

          8.1 Appointment. Each Lender hereby irrevocably designates and appoints the
Administrative Agent as the agent of such Lender under this Agreement and the other Loan Documents,
and each such Lender irrevocably authorizes the Administrative Agent, in such capacity, to take
such action on its behalf under the provisions of this Agreement and the other Loan Documents and
to exercise such powers and perform such duties as are expressly delegated to the Administrative
Agent by the terms of this Agreement and the other Loan Documents, together with such other powers
as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in
this Agreement, the Administrative Agent shall not have any duties or responsibilities, except
those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied
covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this
Agreement or any other Loan Document or otherwise exist against the Administrative Agent.

          8.2 Delegation of Duties. The Administrative Agent may execute any of its duties under
this Agreement and the other Loan Documents by or through agents or attorneys-in-fact and shall be
entitled to advice of counsel concerning all matters pertaining to such duties. The Administrative
Agent shall not be responsible for the negligence or misconduct of any agents or attorneys in-fact
selected by it with reasonable care.

          8.3 Exculpatory Provisions. Neither any Agent nor any of their respective officers,
directors, employees, agents, attorneys-in-fact or affiliates shall be (i) liable for any action
lawfully taken or omitted to be taken by it or such Person under or in connection with this
Agreement or any other Loan Document (except to the extent that any of the foregoing are found by a
final and nonappealable decision of a court of competent jurisdiction to have resulted from its or
such Person’s own gross negligence or willful misconduct) or (ii) responsible in any manner to any
of the Lenders for any recitals, statements, representations or warranties made by Borrower or LRC
or any officer thereof contained in this Agreement or any other Loan Document or in any
certificate, report, statement or other document referred to or provided for in, or received by the
Agents under or in connection with, this Agreement or any other Loan Document or for the value,
validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other
Loan Document or for any failure of Borrower or LRC to perform its obligations hereunder or
thereunder. The Agents shall not be under any obligation to any Lender to ascertain or to inquire
as to the observance or performance of any of the agreements contained in, or conditions of, this
Agreement or any other Loan Document, or to inspect the properties, books or records of Borrower or
LRC.

          8.4 Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely,
and shall be fully protected in relying, upon any instrument, writing, resolution, notice, consent,
certificate, affidavit, letter, telecopy, telex or teletype message, statement, order or other
document or conversation believed by it to be genuine and correct and to have been signed, sent or
made by the proper Person or Persons and upon advice and statements of legal counsel (including
counsel to the Borrower or any Affiliate of the Borrower), independent accountants and other
experts selected by the Administrative Agent. The Administrative Agent may deem and treat the
payee of any Note as the owner thereof for all purposes unless a written
notice of assignment, negotiation or transfer thereof shall have been filed with the
Administrative Agent. The Administrative Agent shall be fully justified in failing or refusing to
take any action under this Agreement or any other Loan Document unless it shall first receive such
advice or concurrence of the Majority Lenders (or, if so specified by this Agreement, all Lenders)
as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against
any and all liability and expense that may be incurred by it by reason of taking or continuing to
take any such action. The Administrative Agent shall in all cases be fully protected in acting, or
in refraining from acting, under this Agreement and the other Loan Documents in accordance with a
request of the Majority Lenders (or, if so

 

26

specified by this Agreement, all Lenders), and such
request and any action taken or failure to act pursuant thereto shall be binding upon all the
Lenders and all future holders of the Loans.

          8.5 Notice of Default. The Administrative Agent shall not be deemed to have knowledge or
notice of the occurrence of any Default or Event of Default unless the Administrative Agent has
received notice from a Lender or the Borrower referring to this Agreement, describing such Default
or Event of Default and stating that such notice is a “notice of default”. In the event that the
Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to
the Lenders. The Administrative Agent shall take such action with respect to such Default or Event
of Default as shall be reasonably directed by the Majority Lenders (or, if so specified by this
Agreement, all Lenders); provided that unless and until the Administrative Agent shall have
received such directions, the Administrative Agent may (but shall not be obligated to) take such
action, or refrain from taking such action, with respect to such Default or Event of Default as it
shall deem advisable in the best interests of the Lenders.

          8.6 Non-Reliance on Agents and Other Lenders. Each Lender expressly acknowledges that
neither the Agents nor any of their respective officers, directors, employees, agents,
attorneys-in-fact or affiliates have made any representations or warranties to it and that no act
by any Agent hereafter taken, including any review of the affairs of Borrower or LRC or any
affiliate thereof, shall be deemed to constitute any representation or warranty by any Agent to any
Lender. Each Lender represents to the Agents that it has, independently and without reliance upon
any Agent or any other Lender, and based on such documents and information as it has deemed
appropriate, made its own appraisal of and investigation into the business, operations, property,
financial and other condition and creditworthiness of the Loan Parties and their affiliates and
made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also
represents that it will, independently and without reliance upon any Agent or any other Lender, and
based on such documents and information as it shall deem appropriate at the time, continue to make
its own credit analysis, appraisals and decisions in taking or not taking action under this
Agreement and the other Loan Documents, and to make such investigation as it deems necessary to
inform itself as to the business, operations, property, financial and other condition and
creditworthiness of the Loan Parties and their affiliates. Except for notices, reports and other
documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder,
the Administrative Agent shall not have any duty or responsibility to provide any Lender with any
credit or other information concerning the business, operations, property, condition (financial or
otherwise), prospects or creditworthiness of Borrower or LRC or any affiliate thereof that may come
into the possession of the Administrative Agent or any of its officers, directors, employees,
agents, attorneys-in-fact or affiliates.

          8.7 Indemnification. The Lenders agree to indemnify each Agent in its capacity as such
(to the extent not reimbursed by the Borrower or the Guarantor and without limiting the obligation
of the Borrower or the
Guarantor to do so), ratably according to their respective Lender Exposure Percentages in
effect on the date on which indemnification is sought under this Section (or, if indemnification is
sought after the date upon which the Commitments shall have terminated and the Loans shall have
been paid in full, ratably in accordance with such Lender Exposure Percentages immediately prior to
such date), from and against any and all liabilities, obligations, losses, damages, penalties,
actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any
time (whether before or after the payment of the Loans) be imposed on, incurred by or asserted
against such Agent in any way relating to or arising out of, the Commitments, this Agreement, any
of the other Loan Documents or any documents contemplated by or referred to herein or therein or
the transactions contemplated hereby or thereby or any action taken or omitted by such Agent under
or in connection with any of the foregoing; provided that no Lender shall be liable for the
payment of any portion of such liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements that are found by a final and nonappealable
decision of a court of competent

 

27

jurisdiction to have resulted from such Agent’s gross negligence
or willful misconduct. The agreements in this Section shall survive the payment of the Loans and
all other amounts payable hereunder.

          8.8 Agent in Its Individual Capacity. Each Agent and its affiliates may make loans to,
accept deposits from and generally engage in any kind of business with Borrower or LRC as though
such Agent were not an Agent. With respect to its Loans made or renewed by it, each Agent shall
have the same rights and powers under this Agreement and the other Loan Documents as any Lender and
may exercise the same as though it were not an Agent, and the terms “Lender” and “Lenders” shall
include each Agent in its individual capacity.

          8.9 Successor Administrative Agent. The Administrative Agent may resign as Administrative
Agent upon 10 days’ notice to the Lenders and the Borrower. If the Administrative Agent shall
resign as Administrative Agent under this Agreement and the other Loan Documents, then the Majority
Lenders shall appoint from among the Lenders a successor agent for the Lenders, which successor
agent shall (unless an Event of Default under Section 7(a) or Section 7(f) with respect to the
Borrower shall have occurred and be continuing) be subject to approval by the Borrower (which
approval shall not be unreasonably withheld or delayed), whereupon such successor agent shall
succeed to the rights, powers and duties of the Administrative Agent, and the term “Administrative
Agent” shall mean such successor agent effective upon such appointment and approval, and the former
Administrative Agent’s rights, powers and duties as Administrative Agent shall be terminated,
without any other or further act or deed on the part of such former Administrative Agent or any of
the parties to this Agreement or any holders of the Loans. If no successor agent has accepted
appointment as Administrative Agent by the date that is 10 days following a retiring Administrative
Agent’s notice of resignation, the retiring Administrative Agent’s resignation shall nevertheless
thereupon become effective, and the Lenders shall assume and perform all of the duties of the
Administrative Agent hereunder until such time, if any, as the Majority Lenders appoint a successor
agent as provided for above. After any retiring Administrative Agent’s resignation as
Administrative Agent, the provisions of this Section 9 shall inure to its benefit as to any actions
taken or omitted to be taken by it while it was Administrative Agent under this Agreement and the
other Loan Documents.

          8.10 Documentation Agent and Syndication Agent. Neither the Documentation Agent nor the
Syndication Agent shall have any duties or responsibilities hereunder in its capacity as such.

SECTION 9. MISCELLANEOUS

          9.1 Amendments and Waivers. Neither this Agreement, any other Loan Document, nor any
terms hereof or thereof may be amended, supplemented or modified except in accordance with the
provisions of this Section 9.1. The Majority Lenders and each of Borrower and/or Guarantor party
to the relevant Loan Document may, or, with the written consent of the Majority Lenders, the
Administrative Agent and each of Borrower and Guarantor party to the relevant Loan Document may,
from time to time, (a) enter into written amendments, supplements or modifications hereto and to
the other Loan Documents for the purpose of adding any provisions to this Agreement or the other
Loan Documents or changing in any manner the rights of the Lenders or of Borrower or Guarantor
(including an Guarantor obligations) hereunder or thereunder or (b) waive, on such terms and
conditions as the Majority Lenders or the Administrative Agent, as the case may be, may specify in
such instrument, any of the requirements of this Agreement or the other Loan Documents to which
Borrower or Guarantor may be a party or any Default or Event of Default and its consequences;
provided, however, that no such waiver and no such amendment, supplement or
modification shall (i) forgive the principal amount or extend the final scheduled date of maturity
of any Loan, extend the scheduled date of any amortization payment in

 

28

respect of any Loan, reduce
the stated rate of any interest or fee payable hereunder (except (x) in connection with the waiver
of applicability of any post-default increase in interest rates (which waiver shall be effective
with the consent of the Majority Lenders) and (y) that any amendment or modification of defined
terms used in the financial covenants in this Agreement shall not constitute a reduction in the
rate of interest or fees for purposes of this clause (i)) or extend the scheduled date of any
payment thereof, or increase the amount or extend the expiration date of any Lender’s Commitment,
in each case without the written consent of each Lender directly and adversely affected thereby;
(ii) eliminate or reduce the voting rights of any Lender under this Section 9.1 without the written
consent of such Lender; (iii) reduce the percentage specified in the definition of Majority
Lenders, consent to the assignment or transfer by the Borrower or the Guarantor of any of its
rights and obligations under this Agreement and the other Loan Documents to which it is a party,
release all or substantially all of the Collateral or release the Guarantor from its obligations
under the Security Agreement, in each case without the written consent of all Lenders; or (iv)
amend, modify or waive any provision of Section 8 without the written consent of the Administrative
Agent. Any such waiver and any such amendment, supplement or modification shall apply equally to
each of the Lenders and shall be binding upon the Borrower and/or Guarantor (as may be party to the
Loan Document to which such waiver, amendment, supplement, or modification may apply), the Lenders,
the Administrative Agent and all future holders of the Loans. In the case of any waiver, the
Borrower and/or Guarantor (as the case may be), the Lenders and the Administrative Agent shall be
restored to their former position and rights hereunder and under the other Loan Documents, and any
Default or Event of Default waived shall be deemed to be cured and not continuing; but no such
waiver shall extend to any subsequent or other Default or Event of Default, or impair any right
consequent thereon.

          9.2 Notices. All notices, requests and demands to or upon the respective parties hereto
to be effective shall be in writing (including by telecopy), and, unless otherwise expressly
provided herein, shall be deemed to have been duly given or made when delivered, or three Business
Days after being deposited in the mail, postage prepaid, or, in the case of telecopy notice, when
received, addressed as follows in the case of the Borrower and the Administrative Agent, and as set
forth in an administrative questionnaire delivered to the Administrative Agent in the case of the
Lenders, or to such other address as may be hereafter notified by the respective parties hereto:

	 	 	 	 	 
	 

	 	Borrower:
	 	Lam Research International SARL
	 

	 	 	 	Chemin de la Combeta 5
	 

	 	 	 	Ch-2300 La Chaux-de-fonds, Switzerland
	 

	 	 	 	Attention: Controller
	 

	 	 	 	Telecopy: 41329242999
	 

	 	 	 	Telephone: 41329242900
	 
	 	 	 	 
	 

	 	With a copy to:
	 	Lam Research Corporation
	 

	 	 	 	Roch Leblanc
	 

	 	 	 	4300 Cushing Parkway
	 

	 	 	 	Mail Stop CA4-103
	 

	 	 	 	Fremont, CA 94538
	 

	 	 	 	Telephone: 510-572-3547
	 
	 	 	 	 
	 

	 	Administrative Agent:
	 	540 West Madison Street, Suite 2131
	 

	 	 	 	Chicago, Illinois 60661-2591
	 

	 	 	 	Attention: Loan Administration
	 

	 	 	 	Telecopy: 312-992-5157
	 

	 	 	 	Telephone: 312-992-5152

 

29

	 	 	 
	For financials and compliance

	 	ABN AMRO Bank N.V.
	certificates under Sections 4.1 and

	 	101 California Street, Suite 4300
	4.2 of the Guarantee

	 	San Francisco, California 94111-5812
		 	Attn: Richard Brown
		 	E-Mail:
	 

	 	Richard.brown@abnamro.com
	 

	 	FAX: (415) 984-3717
	 
	 	 
	with a copy to:

	 	ABN AMRO Bank N.V.
	 

	 	540 West Madison Street, Suite 2131
	 

	 	Chicago, Illinois 60661-2591
	 

	 	Attn: Credit Administration
	 

	 	E-Mail: sherry.manning@abnamro.com
	 

	 	FAX: (312) 992-5111

provided that any notice, request or demand to or upon the Administrative Agent or the
Lenders shall not be effective until received.

          Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications pursuant to procedures approved by the Administrative Agent;
provided that the foregoing shall not apply to notices pursuant to Section 2 unless
otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent
or the Borrower may, in its discretion, agree to accept notices and other communications to it
hereunder by electronic communications pursuant to procedures approved by it; provided that
approval of such procedures may be limited to particular notices or communications.

          9.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on
the part of the Administrative Agent or any Lender, any right, remedy, power or privilege hereunder
or under the other Loan Documents shall operate as a waiver thereof; nor shall any single or
partial exercise of any right, remedy, power or
privilege hereunder preclude any other or further exercise thereof or the exercise of any
other right, remedy, power or privilege. The rights, remedies, powers and privileges herein
provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided
by law.

          9.4 Survival of Representations and Warranties. All representations and warranties made
hereunder, in the other Loan Documents and in any document, certificate or statement delivered
pursuant hereto or in connection herewith shall survive the execution and delivery of this
Agreement and the making of the Loans and other extensions of credit hereunder.

          9.5 Payment of Expenses and Taxes. The Borrower agrees (a) to pay or reimburse each of
the Administrative Agent and the Arranger for all its out-of-pocket costs and expenses incurred in
connection with the development, preparation and execution of, and any amendment, supplement or
modification to, this Agreement and the other Loan Documents and any other documents prepared in
connection herewith or therewith, and the consummation and administration of the transactions
contemplated hereby and thereby, including the reasonable fees and disbursements of counsel to the
Administrative Agent and filing and recording fees and expenses, with statements with respect to
the foregoing to be submitted to the Borrower prior to the Closing Date (in the case of amounts to
be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other
periodic basis as the Administrative Agent shall deem appropriate, (b) to pay or reimburse each
Lender and the Administrative Agent for all its costs and expenses incurred in connection with the
enforcement or preservation of any rights under this Agreement, the other Loan Documents and any
such other documents, including the fees

 

30

and disbursements of counsel (including the allocated fees
and expenses of in-house counsel) to each Lender and of counsel to the Administrative Agent, (c) to
pay, indemnify, and hold each Lender, the Arranger and the Administrative Agent harmless from, any
and all recording and filing fees and any and all liabilities with respect to, or resulting from
any delay in paying, stamp, excise and other taxes, if any, that may be payable or determined to be
payable in connection with the execution and delivery of, or consummation or administration of any
of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver
or consent under or in respect of, this Agreement, the other Loan Documents and any such other
documents, and (d) to pay, indemnify, and hold each Lender, the Arranger and the Administrative
Agent and their respective officers, directors, employees, affiliates, agents and controlling
persons (each, an “Indemnitee”) harmless from and against any and all other liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind or nature whatsoever with respect to the execution, delivery,
enforcement, performance and administration of this Agreement, the other Loan Documents and any
such other documents, including any of the foregoing relating to the use of proceeds of the Loans
or the violation of, noncompliance with or liability under, any Environmental Law applicable to the
operations of Borrower or any of the Properties and the reasonable fees and expenses of legal
counsel in connection with claims, actions or proceedings by any Indemnitee against Borrower under
any Loan Document (all the foregoing in this clause (d), collectively, the “Indemnified
Liabilities”), provided, that the Borrower shall have no obligation hereunder to any
Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are
found by a final and nonappealable decision of a court of competent jurisdiction to have resulted
from the gross negligence or willful misconduct of such Indemnitee. Without limiting the
foregoing, and to the extent permitted by applicable law, the Borrower agrees not to assert and to
cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to
waive, all rights for contribution or any other rights of recovery with respect to all claims,
demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind
or nature, under or related to Environmental Laws, that any of them might have by statute or
otherwise against any Indemnitee. All amounts due under this Section 9.5 shall
be payable not later than 10 days after written demand therefor. Statements payable by the
Borrower pursuant to this Section 9.5 shall be submitted to the address of the Borrower set forth
in Section 9.2, or to such other Person or address as may be hereafter designated by the Borrower
in a written notice to the Administrative Agent. The agreements in this Section 9.5 shall survive
repayment of the Loans and all other amounts payable hereunder.

          9.6 Successors and Assigns; Participations and Assignments. (a) The provisions of this
Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns permitted hereby, except that (i) the Borrower may not assign or otherwise
transfer any of its rights or obligations hereunder without the prior written consent of each
Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null
and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder
except in accordance with this Section.

          (b)(i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign
to one or more assignees (each, an “Assignee”) all or a portion of its rights and
obligations under this Agreement (including all or a portion of its Commitments and the Loans at
the time owing to it) with the prior written consent of:

     (A) the Borrower (such consent not to be unreasonably withheld), provided that
no consent of the Borrower shall be required for an assignment to a Lender, an affiliate of
a Lender, an Approved Fund (as defined below) or, if an Event of Default under Section 7(a)
or (f) has occurred and is continuing, any other Person; and

 

31

     (B) the Administrative Agent, provided that no consent of the Administrative
Agent shall be required for an assignment of all or any portion of a Loan to a Lender, an
affiliate of a Lender or an Approved Fund.

     (ii) Assignments shall be subject to the following additional conditions:

     (A) except in the case of an assignment to a Lender, an affiliate of a Lender or an
Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s
Commitments or Loans, the amount of the Commitments or Loans of the assigning Lender subject
to each such assignment (determined as of the date the Assignment and Assumption with
respect to such assignment is delivered to the Administrative Agent) shall not be less than
$5,000,000 unless each of the Borrower and the Administrative Agent otherwise consent,
provided that (1) no such consent of the Borrower shall be required if an Event of
Default under Section 7(a) or (f) has occurred and is continuing and (2) such amounts shall
be aggregated in respect of each Lender and its affiliates or Approved Funds, if any;

     (B) the parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Assumption, together with a processing and recordation fee of
$3,500; and

     (C) the Assignee, if it shall not be a Lender, shall deliver to the Administrative
Agent an administrative questionnaire in which the Assignee designates one or more credit
contacts to whom all syndicate-level information (which may contain material non-public
information about the Borrower and its Affiliates and their related parties or their
respective securities) will be made available and who may receive such information in
accordance with the assignee’s compliance procedures and applicable laws, including Federal
and state securities law.

          For the purposes of this Section 9.6, “Approved Fund” means any Person (other than a
natural person) that is engaged in making, purchasing, holding or investing in bank loans and
similar extensions of credit in the ordinary course of its business and that is administered or
managed by (a) a Lender, (b) an affiliate of a Lender or (c) an entity or an affiliate of an entity
that administers or manages a Lender.

          (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) below, from
and after the effective date specified in each Assignment and Assumption the Assignee thereunder
shall be a party hereto and, to the extent of the interest assigned by such Assignment and
Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning
Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption,
be released from its obligations under this Agreement (and, in the case of an Assignment and
Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such
Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of
Sections 2.13, 2.14, 2.15 and 9.5). Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this Section 9.6 shall be treated for
purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with paragraph (c) of this Section.

          (iv) The Administrative Agent, acting for this purpose as an agent of the Borrower, shall
maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a
register for the recordation of the names and addresses of the Lenders, and the Commitments of, and
principal amount of the Loans owing to, each Lender pursuant to the terms hereof from time to time
(the “Register”). The entries in the Register shall be conclusive, and the Borrower, the
Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register
pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement,
notwithstanding notice to the contrary.

 

32

The Register shall be available for inspection by the
Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

          (v) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning
Lender and an Assignee, the Assignee’s completed administrative questionnaire (unless the Assignee
shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph
(b) of this Section and any written consent to such assignment required by paragraph (b) of this
Section, the Administrative Agent shall accept such Assignment and Assumption and record the
information contained therein in the Register. No assignment shall be effective for purposes of
this Agreement unless it has been recorded in the Register as provided in this paragraph.

          (c)(i) Any Lender may, without the consent of the Borrower or the Administrative Agent, sell
participations to one or more banks or other entities (a “Participant”) in all or a portion
of such Lender’s rights and obligations under this Agreement (including all or a portion of its
Commitments and the Loans owing to it); provided that (A) such Lender’s obligations under
this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations and (C) the Borrower, the Administrative
Agent and the other Lenders shall continue to deal solely and directly with such Lender in
connection with such Lender’s rights and obligations under this Agreement. Any agreement pursuant
to which a Lender sells such a participation shall provide that such Lender shall retain the sole
right to enforce this Agreement and to approve any amendment, modification or waiver of any
provision of this Agreement; provided that such agreement may provide that such Lender will
not, without the consent of the Participant, agree to any amendment, modification or waiver that
(1) requires the consent of each Lender directly affected thereby pursuant to the proviso to the
second sentence of Section 9.1 and (2) directly affects such Participant. Subject to paragraph
(c)(ii) of this Section, the Borrower agrees that each Participant shall be entitled to the
benefits of Sections 2.13, 2.14 and 2.15 to the same extent as if it were a Lender and had acquired
its interest by
assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each
Participant also shall be entitled to the benefits of Section 9.7(b) as though it were a Lender,
provided such Participant shall be subject to Section 9.7(a) as though it were a Lender.

          (ii) A Participant shall not be entitled to receive any greater payment under Section 2.13 or
2.14 than the applicable Lender would have been entitled to receive with respect to the
participation sold to such Participant, unless the sale of the participation to such Participant is
made with the Borrower’s prior written consent. Any Participant that is a Non-U.S. Lender shall
not be entitled to the benefits of Section 2.14 unless such Participant complies with Section
2.14(d).

          (iii) Notwithstanding anything to the contrary in Section 9.1 or otherwise contained herein,
Participants may consent to any written amendments, supplements or modifications hereto and to the
other Loan Documents or waive, on such terms and conditions as the Majority Lenders or the
Administrative Agent, as the case may be, may specify in any such instrument, any of the
requirements of this Agreement or the other Loan Documents or any Default or Event of Default and
its consequences; provided that such consent or waiver relates to (A) any proposed
increase in the Commitments, (B) any proposed reduction in the Commitments or the aggregate
principal amount of Loans then outstanding and the interest and fees thereon and (C) any proposed
extension of the maturity of the Loans beyond the Termination Date.

          (d) Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement to secure obligations of such Lender, including any pledge or
assignment to secure obligations to a Federal Reserve Bank, and this Section shall not apply to any
such pledge or assignment of a security interest; provided that no such pledge or
assignment of a security

 

33

interest shall release a Lender from any of its obligations hereunder or
substitute any such pledgee or Assignee for such Lender as a party hereto.

          (e) The Borrower, upon receipt of written notice from the relevant Lender, agrees to issue
Notes to any Lender requiring Notes to facilitate transactions of the type described in paragraph
(d) above.

          (f) Notwithstanding the foregoing, any Conduit Lender may assign any or all of the Loans it
may have funded hereunder to its designating Lender without the consent of the Borrower or the
Administrative Agent and without regard to the limitations set forth in Section 9.6(b). Each of
the Borrower, each Lender and the Administrative Agent hereby confirms that it will not institute
against a Conduit Lender or join any other Person in instituting against a Conduit Lender any
bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding under any state
bankruptcy or similar law, for one year and one day after the payment in full of the latest
maturing commercial paper note issued by such Conduit Lender; provided, however, that each
Lender designating any Conduit Lender hereby agrees to indemnify, save and hold harmless each other
party hereto for any loss, cost, damage or expense arising out of its inability to institute such a
proceeding against such Conduit Lender during such period of forbearance.

          (g) Notwithstanding anything to the contrary in this Section 9.6, a Lender may not assign,
sell participations in or pledge or assign a security interest in all or any portion or its rights
and obligations under this Agreement (each such action, a “Transfer”), if as a result
thereof:

          (i) the total number of creditors (other than Qualifying Banks (as defined below)) of the
Borrower under this Agreement would at any time exceed 10, in each case in accordance with the
meaning of the Guidelines (as defined below); or

          (ii) the total number of creditors (other than Qualifying Banks) in relation to all
outstanding loans or written debt acknowledgements (including Advances) of the Borrower would at
any time exceed 20, in each case in accordance with the meaning of the Guidelines.

     For purposes of this Section 9.6(g), “Guidelines” means the guidelines in relation to
bonds of April 1999 as issued by the Swiss Federal Tax Administration (Merkblatt “Obligationen” vom
April 1999 der Eidgenössischen Steuerverwaltung), and “Qualifying Bank” means (i) a bank as
defined in the Swiss Federal Law of 8 November 1934 relating to banks and savings institutions, or
(ii) any other person that is a bank according to the banking legislation in effect in its
jurisdiction of organization.

     Upon the reasonable request of any Lender in connection with any such proposed Transfer, the
Borrower and (in the case of clause (x) below only) the Agent will notify such Lender of the total
number of creditors (other than Qualifying Banks) of the Borrower of which it is aware (x) under
this Agreement and (y) in relation to all outstanding loans or written debt acknowledgements
(including Advances), in each case in accordance with the meaning of the Guidelines. No Transfer
shall be valid for any purpose unless the Lender proposing to make such transfer has notified the
Borrower thereof and the Borrower has confirmed to such Lender in writing that such transfer will
not violate this Section 9.6(g). The Borrower agrees to respond to any such notification promptly
following its receipt thereof.

     Each Lender hereby represents and warrants that, on the date hereof, it is a Qualifying Bank.
The Borrower hereby represents and warrants that, on the date hereof, to the best of its knowledge,
the total number of its creditors (other than Qualifying Banks) in relation to all outstanding
loans or written debt acknowledgements (including Advances) does not exceed 20. The Borrower
hereby covenants and agrees that, so long as any Advances are outstanding to it, it will not permit
the total number of its creditors

 

34

(other than Qualifying Banks) in relation to all outstanding
loans or written debt acknowledgements (including Loans) to exceed 20.

          9.7 Adjustments; Set-off. (a) Except to the extent that this Agreement expressly
provides for payments to be allocated to a particular Lender or to the Lenders, if any Lender (a
“Benefitted Lender”) shall, at any time after the Loans and other amounts payable hereunder
shall immediately become due and payable pursuant to Section 7, receive any payment of all or part
of the Obligations owing to it, or receive any collateral in respect thereof (whether voluntarily
or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in
Section 7(f), or otherwise), in a greater proportion than any such payment to or collateral
received by any other Lender, if any, in respect of the Obligations owing to such other Lender,
such Benefitted Lender shall purchase for cash from the other Lenders a participating interest in
such portion of the Obligations owing to each such other Lender, or shall provide such other
Lenders with the benefits of any such collateral, as shall be necessary to cause such Benefitted
Lender to share the excess payment or benefits of such collateral ratably with each of the Lenders;
provided, however, that if all or any portion of such excess payment or benefits is
thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the
purchase price and benefits returned, to the extent of such recovery, but without interest.

          (b) In addition to any rights and remedies of the Lenders provided by law, each Lender shall
have the right, without prior notice to the Borrower, any such notice being expressly waived by the
Borrower to the extent permitted by applicable law, upon any amount becoming due and payable by the
Borrower hereunder (whether at the stated maturity, by acceleration or otherwise), to set off and
appropriate and apply against such amount any and all deposits (general or special, time or demand,
provisional or final), in any currency, and any other credits, indebtedness or claims, in any
currency, in
each case whether direct or indirect, absolute or contingent, matured or unmatured, at any
time held or owing by such Lender or any branch or agency thereof to or for the credit or the
account of the Borrower. Each Lender agrees promptly to notify the Borrower and the Administrative
Agent after any such setoff and application made by such Lender, provided that the failure
to give such notice shall not affect the validity of such setoff and application.

          9.8 Counterparts. This Agreement may be executed by one or more of the parties to this
Agreement on any number of separate counterparts, and all of said counterparts taken together shall
be deemed to constitute one and the same instrument. Delivery of an executed signature page of
this Agreement by facsimile transmission shall be effective as delivery of a manually executed
counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be
lodged with the Borrower and the Administrative Agent.

          9.9 Severability. Any provision of this Agreement that is prohibited or unenforceable in
any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition
or unenforceability without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction.

          9.10 Integration. This Agreement and the other Loan Documents represent the entire
agreement of the Borrower, the Administrative Agent and the Lenders with respect to the subject
matter hereof and thereof, and there are no promises, undertakings, representations or warranties
by the Administrative Agent or any Lender relative to the subject matter hereof not expressly set
forth or referred to herein or in the other Loan Documents.

 

35

          9.11 GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER
THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF
THE STATE OF NEW YORK.

          9.12 Submission To Jurisdiction; Waivers. The Borrower hereby irrevocably and
unconditionally:

     (a) submits for itself and its property in any legal action or proceeding relating to
this Agreement and the other Loan Documents to which it is a party, or for recognition and
enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of
the courts of the State of New York, the courts of the United States for the Southern
District of New York, and appellate courts from any thereof;

     (b) consents that any such action or proceeding may be brought in such courts and
waives any objection that it may now or hereafter have to the venue of any such action or
proceeding in any such court or that such action or proceeding was brought in an
inconvenient court and agrees not to plead or claim the same;

     (c) agrees that service of process in any such action or proceeding may be effected by
mailing a copy thereof by registered or certified mail (or any substantially similar form of
mail), postage prepaid, to the Borrower at its address set forth in Section 9.2 or at such
other address of which the Administrative Agent shall have been notified pursuant thereto;

     (d) agrees that nothing herein shall affect the right to effect service of process in
any other manner permitted by law or shall limit the right to sue in any other jurisdiction;
and

     (e) waives, to the maximum extent not prohibited by law, any right it may have to claim
or recover in any legal action or proceeding referred to in this Section any special,
exemplary, punitive or consequential damages.

     9.13 Acknowledgements. The Borrower hereby acknowledges that:

     (a) it has been advised by counsel in the negotiation, execution and delivery of this
Agreement and the other Loan Documents;

     (b) neither the Administrative Agent nor any Lender has any fiduciary relationship with
or duty to the Borrower arising out of or in connection with this Agreement or any of the
other Loan Documents, and the relationship between Administrative Agent and Lenders, on one
hand, and the Borrower, on the other hand, in connection herewith or therewith is solely
that of creditor and debtor; and

     (c) no joint venture is created hereby or by the other Loan Documents or otherwise
exists by virtue of the transactions contemplated hereby among the Lenders or among the
Borrower and the Lenders.

          9.14 Confidentiality. Each of the Administrative Agent and each Lender agrees to keep
confidential all non-public information provided to it by Borrower or LRC, the Administrative Agent
or any Lender pursuant to or in connection with this Agreement that is designated by the provider
thereof as confidential; provided that nothing herein shall prevent the Administrative
Agent or any Lender from disclosing any such information (a) to the Administrative Agent, any other
Lender or any affiliate

 

36

thereof, (b) subject to an agreement to comply with the provisions of this
Section, to any actual or prospective Transferee or any direct or indirect counterparty to any Swap
Agreement (or any professional advisor to such counterparty), (c) to its employees, directors,
agents, attorneys, accountants and other professional advisors or those of any of its affiliates,
(d) upon the request or demand of any Governmental Authority, (e) in response to any order of any
court or other Governmental Authority or as may otherwise be required pursuant to any Requirement
of Law, (f) if requested or required to do so in connection with any litigation or similar
proceeding, (g) that has been publicly disclosed, (h) to the National Association of Insurance
Commissioners or any similar organization or any nationally recognized rating agency that requires
access to information about a Lender’s investment portfolio in connection with ratings issued with
respect to such Lender, or (i) in connection with the exercise of any remedy hereunder or under any
other Loan Document.

          Each Lender acknowledges that information furnished to it pursuant to this Agreement may
include material non-public information concerning the Borrower and its Affiliates and their
related parties or their respective securities, and confirms that it has developed compliance
procedures regarding
the use of material non-public information and that it will handle such material non-public
information in accordance with those procedures and applicable law, including Federal and state
securities laws.

          All information, including requests for waivers and amendments, furnished by the Borrower or
the Administrative Agent pursuant to, or in the course of administering, this Agreement will be
syndicate-level information, which may contain material non-public information about the Borrower
and its Affiliates and their related parties or their respective securities. Accordingly, each
Lender represents to the Borrower and the Administrative Agent that it has identified in its
administrative questionnaire a credit contact who may receive information that may contain material
non-public information in accordance with its compliance procedures and applicable law, including
Federal and state securities laws.

          9.15 WAIVERS OF JURY TRIAL. THE BORROWER, THE ADMINISTRATIVE AGENT AND THE LENDERS HEREBY
IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO
THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

          9.16 Judgment Currency

          (a) If, for the purpose of obtaining judgment in any court, it is necessary to convert a
sum owing hereunder in one currency into another currency, each party hereto agrees, to the fullest
extent that it may effectively do so, that the rate of exchange used shall be that at which, in
accordance with normal banking procedures in the relevant jurisdiction, the first currency could be
purchased with such other currency on the Business Day immediately preceding the day on which final
judgment is given.

          (b) The obligations of the Borrower in respect of any sum due to any party hereto or any
holder of the obligations owing hereunder (the “Applicable Creditor”) shall,
notwithstanding any judgment in a currency (the “Judgment Currency”) other than the
currency in which such sum is stated to be due hereunder (the “Agreement Currency”), be
discharged only to the extent that, on the Business Day following receipt by the Applicable
Creditor of any sum adjudged to be so due in the Judgment Currency, the Applicable Creditor may in
accordance with normal banking procedures in the relevant jurisdiction purchase the Agreement
Currency with the Judgment Currency; if the amount of the Agreement Currency so purchased is less
than the sum originally due to the Applicable Creditor in the Agreement Currency, the Borrower, as
a separate obligation and notwithstanding any such judgment, agrees to indemnify the

 

37

Applicable
Creditor against such loss. The obligations of the Borrower contained in this Section shall
survive the termination of this Agreement and the payment of all other amounts owing hereunder.

          9.17 USA PATRIOT Act. Each Lender that is subject to the requirements of the USA Patriot
Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”) hereby
notifies the Borrower that pursuant to the requirements of the Act, it is required to obtain,
verify and record information that identifies the Borrower, which information includes the name and
address of the Borrower and other information that will allow such Lender to identify the Borrower
and the Guarantor in accordance with the Act.

          9.18 Termination

          The Commitments hereunder shall terminate if the Closing Date has not occurred on or prior
to June 23, 2006.

 

38

          IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered by their proper and duly authorized officers as of the day and year first above written.

	 	 	 	 	 
	 	 	LAM RESEARCH INTERNATIONAL SARL, as
	 	 	Borrower
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Thierry Fried
	 

	 	 	 	 
	 

	 	 	 	Name:  Thierry Fried
	 

	 	 	 	Title: Managing Director

 

39

	 	 	 	 	 
	 	 	ABN AMRO, N.V., as Administrative Agent and as a
	 	 	Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ John Jankowski
	 

	 	 	 	 
	 

	 	 	 	Name: John Jankowski
	 

	 	 	 	Title: Assistant Vice President
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Frances O. Logan
	 

	 	 	 	 
	 

	 	 	 	Name: Frances O. Logan
	 

	 	 	 	Title: Managing Directorexv10w2

 

Exhibit 10.2

EXECUTION COPY

 

GUARANTEE AGREEMENT

made by

LAM RESEARCH CORPORATION

in favor of

ABN AMRO BANK N.V.,

as Administrative Agent for the Lenders

Dated as of June 16, 2006

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	SECTION 1.
	 	DEFINED TERMS	 	 	1	 
	1.1
	 	Definitions	 	 	1	 
	1.2
	 	Other Definitional Provisions	 	 	4	 
	 
	 	 	 	 	 	 
	SECTION 2.
	 	GUARANTEE	 	 	4	 
	2.1
	 	Guarantee	 	 	4	 
	2.2
	 	No Subrogation	 	 	4	 
	2.3
	 	Amendments, etc. with respect to the Obligations	 	 	4	 
	2.4
	 	Guarantee Absolute and Unconditional	 	 	5	 
	2.5
	 	Reinstatement	 	 	5	 
	2.6
	 	Payments	 	 	6	 
	2.7
	 	Cure	 	 	6	 
	 
	 	 	 	 	 	 
	SECTION 3.
	 	REPRESENTATIONS AND WARRANTIES	 	 	6	 
	3.1
	 	Financial Condition	 	 	6	 
	3.2
	 	No Change	 	 	6	 
	3.3
	 	Existence; Compliance with Law	 	 	6	 
	3.4
	 	Power; Authorization; Enforceable Obligations	 	 	6	 
	3.5
	 	No Legal Bar	 	 	7	 
	3.6
	 	Litigation	 	 	7	 
	3.7
	 	No Default	 	 	7	 
	3.8
	 	Ownership of Property; Liens	 	 	7	 
	3.9
	 	Intellectual Property	 	 	7	 
	3.10
	 	Taxes	 	 	7	 
	3.11
	 	ERISA	 	 	8	 
	3.12
	 	Investment Company Act; Other Regulations	 	 	8	 
	3.13
	 	Environmental Matters	 	 	8	 
	3.14
	 	Accuracy of Information, etc	 	 	9	 
	3.15
	 	Security Documents	 	 	9	 
	 
	 	 	 	 	 	 
	SECTION 4.
	 	AFFIRMATIVE COVENANTS	 	 	9	 
	4.1
	 	Financial Statements	 	 	9	 
	4.2
	 	Certificates; Other Information	 	 	10	 
	4.3
	 	Payment of Obligations	 	 	10	 
	4.4
	 	Maintenance of Existence; Compliance	 	 	10	 
	4.5
	 	Maintenance of Property; Insurance	 	 	11	 
	4.6
	 	Inspection of Property; Books and Records; Discussions	 	 	11	 
	4.7
	 	Notices	 	 	11	 
	4.8
	 	Environmental Laws	 	 	11	 
	 
	 	 	 	 	 	 
	SECTION 5.
	 	NEGATIVE COVENANTS	 	 	12	 
	5.1
	 	Liens	 	 	12	 
	5.2
	 	Fundamental Changes	 	 	13	 
	5.3
	 	Disposition of Property	 	 	13	 
	5.4
	 	Transactions with Affiliates	 	 	13	 
	5.5
	 	Changes in Fiscal Periods	 	 	14	 
	5.6
	 	Lines of Business	 	 	14	 

 i

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	SECTION 6.
	 	MISCELLANEOUS	 	 	14	 
	6.1
	 	Amendments in Writing	 	 	14	 
	6.2
	 	Notices	 	 	14	 
	6.3
	 	No Waiver by Course of Conduct; Cumulative Remedies	 	 	14	 
	6.4
	 	Enforcement Expenses; Indemnification	 	 	14	 
	6.5
	 	Successors and Assigns	 	 	15	 
	6.6
	 	Set-Off	 	 	15	 
	6.7
	 	Counterparts	 	 	15	 
	6.8
	 	Severability	 	 	15	 
	6.9
	 	Section Headings	 	 	15	 
	6.10
	 	Integration	 	 	15	 
	6.11
	 	GOVERNING LAW	 	 	15	 
	6.12
	 	Submission To Jurisdiction; Waivers	 	 	16	 
	6.13
	 	Acknowledgements	 	 	16	 
	6.14
	 	Authority of Administrative Agent	 	 	16	 
	6.15
	 	Termination and Release	 	 	17	 
	6.16
	 	WAIVER OF JURY TRIAL	 	 	17	 

 ii

 

 

 EXECUTION COPY

GUARANTEE AGREEMENT

          GUARANTEE AGREEMENT, dated as of June 16, 2006, made by LAM RESEARCH CORPORATION, a Delaware
corporation (the “Guarantor”), in favor of the several banks and other financial
institutions or entities (the “Lenders”) from time to time parties to the Credit Agreement, dated
as of June 16, 2006 among LAM RESEARCH INTERNATIONAL, S.A.R.L. (the “Borrower”), the
Lenders and ABN AMRO BANK N.V., as administrative agent (in such capacity, the “Administrative
Agent”) for the Lenders (as amended, supplemented or otherwise modified from time to time, the
“Credit Agreement”).

W I T N E S S E T H:

          WHEREAS, pursuant to the Credit Agreement, the Lenders have severally agreed to make
extensions of credit to the Borrower upon the terms and subject to the conditions set forth
therein;

          WHEREAS, the Borrower is a subsidiary of the Guarantor; and

          WHEREAS, it is a condition precedent to the obligation of the Lenders to make their respective
extensions of credit to the Borrower under the Credit Agreement that the Guarantor shall have
executed and delivered this Agreement to the Administrative Agent for the benefit of the Lenders;

          NOW, THEREFORE, the Guarantor hereby agrees with the Administrative Agent, for the benefit of
the Lenders, as follows:

SECTION 1. DEFINED TERMS

     1.1 Definitions. (a) Unless otherwise defined herein, terms defined in the Credit
Agreement and used herein shall have the meanings given to them in the Credit Agreement.

     (b) The following terms shall have the following meanings:

          “Agreement”: this Guarantee Agreement, as the same may be amended, supplemented or
otherwise modified from time to time.

          “Continuing Directors”: the directors of the Guarantor on the Closing Date, after
giving to the transactions contemplated hereby, and each other director, if, in each case, such
other director’s nomination for election to the board of directors of the Guarantor is recommended
by at least 66-2/3% of the then Continuing Directors.

          “Group Member”: the Guarantor and each of its Subsidiaries.

          “Guarantor Default”: any of the events specified in the defined term Guarantor Event
of Default below, whether or not any requirement for the giving of notice, the lapse of time, or
both, has been satisfied.

          “Guarantor Event of Default”: any of the following events, provided that any
requirement for the giving of notice, the lapse of time, or both, has been satisfied:

     (a) any representation or warranty made or deemed made by the Guarantor herein or in
any Security Document or that is contained in any certificate, document or financial or
other

1

 

statement furnished by it at any time under or in connection with this Agreement or
any such Security Document shall prove to have been inaccurate in any material respect on or
as of the date made or deemed made;

     (b) the Guarantor shall default in the observance or performance of any agreement
contained in clause (i) or (ii) of Section 4.4(a), Section 4.7(a) or Section 5 of this
Agreement or Section 7 of the Security Agreement;

     (c) the Guarantor shall default in the observance or performance of any other
agreement contained in this Agreement or any Security Document (other than as provided in
paragraphs (a) and (b) of this definition), and such default shall continue unremedied for a
period of 30 days after notice to the Guarantor from the Administrative Agent or the
Majority Lenders;

     (d) any Group Member shall (i) default in making any payment of any principal of any
Indebtedness (including any Guarantee Obligation) on the scheduled or original due date with
respect thereto; or (ii) default in making any payment of any interest on any such
Indebtedness beyond the period of grace, if any, provided in the instrument or agreement
under which such Indebtedness was created; or (iii) default in the observance or performance
of any other agreement or condition relating to any such Indebtedness or contained in any
instrument or agreement evidencing, securing or relating thereto, or any other event shall
occur or condition exist, the effect of which default or other event or condition is to
cause, or to permit the holder or beneficiary of such Indebtedness (or a trustee or agent on
behalf of such holder or beneficiary) to cause, with the giving of notice if required, such
Indebtedness to become due prior to its stated maturity or (in the case of any such
Indebtedness constituting a Guarantee Obligation) to become payable; provided, that a
default, event or condition described in clause (i), (ii) or (iii) of this paragraph (d)
shall not at any time constitute an Event of Default unless, at such time, one or more
defaults, events or conditions of the type described in clauses (i), (ii) and (iii) of this
paragraph (d) shall have occurred and be continuing with respect to Indebtedness the
outstanding principal amount of which exceeds in the aggregate $25,000,000;

     (e) (i) any Group Member shall commence any case, proceeding or other action (A) under
any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy,
insolvency, reorganization or relief of debtors, seeking to have an order for relief entered
with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking
reorganization, arrangement, adjustment, winding up, liquidation, dissolution, composition
or other relief with respect to it or its debts, or (B) seeking appointment of a receiver,
trustee, custodian, conservator or other similar official for it or for all or any
substantial part of its assets, or any Group Member shall make a general assignment for the
benefit of its creditors; or (ii) there shall be commenced against any Group Member any
case, proceeding or other action of a nature referred to in clause (i) above that (A)
results in the entry of an order for relief or any such adjudication or appointment or (B)
remains undismissed or undischarged for a period of 120 days; or (iii) there shall be
commenced against any Group Member any case, proceeding or other action seeking issuance of
a warrant of attachment, execution, distraint or similar process against all or any
substantial part of its assets that results in the entry of an order for any such relief
that shall not have been vacated, discharged, or stayed or bonded pending appeal within 60
days from the entry thereof; or (iv) any Group Member shall take any action in furtherance
of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth
in clause (i), (ii), or (iii) above; or (v) the Guarantor shall generally not, or shall be
unable to, or shall admit in writing its inability to, pay its debts as they become due;

2

 

     (f) (i) any Person shall engage in any “prohibited transaction” (as defined in Section
406 of ERISA or Section 4975 of the Code) involving any Plan, (ii) any “accumulated funding
deficiency” (as defined in Section 302 of ERISA), whether or not waived, shall exist with
respect to any Plan or any Lien in favor of the PBGC or a Plan shall arise on the assets of
Guarantor or any Commonly Controlled Entity, (iii) a Reportable Event shall occur with
respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall be
appointed, to administer or to terminate, any Single Employer Plan, which Reportable Event
or commencement of proceedings or appointment of a trustee is, in the reasonable opinion of
the Majority Lenders, likely to result in the termination of such Plan for purposes of Title
IV of ERISA, (iv) any Single Employer Plan shall terminate for purposes of Title IV of
ERISA, (v) Guarantor or any Commonly Controlled Entity shall, or in the reasonable opinion
of the Majority Lenders is likely to, incur any liability in connection with a withdrawal
from, or the Insolvency or Reorganization of, a Multiemployer Plan or (vi) any other event
or condition shall occur or exist with respect to a Plan; and in each case in clauses (i)
through (vi) above, such event or condition, together with all other such events or
conditions, if any, could, in the sole judgment of the Majority Lenders, reasonably be
expected to have a Material Adverse Effect;

     (g) one or more judgments or decrees shall be entered against any Group Member
involving in the aggregate a liability (not paid or fully covered by insurance as to which
the relevant insurance company has acknowledged coverage) of $25,000,000 or more, and all
such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending
appeal within 30 days from the entry thereof;

     (h) any of the Security Documents shall cease, for any reason, to be in full force and
effect, or the Guarantor or any Affiliate of the Guarantor shall so assert, or any Lien
created by any of the Security Documents shall cease to be enforceable and of the same
effect and priority purported to be created thereby;

     (i) this Agreement shall cease, for any reason, to be in full force and effect or the
Guarantor or any Affiliate of the Guarantor shall so assert; or

          (j) (i) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”)), shall become, or obtain rights
(whether by means or warrants, options or otherwise) to become, the “beneficial owner” (as defined
in Rules 13(d)-3 and 13(d)-5 under the Exchange Act), directly or indirectly, of more than 20% of
the outstanding common stock of the Guarantor; or (iv) the board of directors of the Guarantor
shall cease to consist of a majority of Continuing Directors.

          “Guarantor Obligations”: with respect to the Guarantor, all obligations and
liabilities of the Guarantor which may arise under or in connection with this Agreement or any
other Loan Document to which the Guarantor is a party, in each case whether on account of guarantee
obligations, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including,
without limitation, all fees and disbursements of counsel to the Administrative Agent or to the
Lenders that are required to be paid by the Guarantor pursuant to the terms of this Agreement or
any other Loan Document). For the purposes of clarity, Guarantor is a guarantor of the Secured
Obligations (as defined in the Security Agreement), but is not a co-obligor with the Borrower of
the Obligations (as defined in the Credit Agreement).

          “Guarantor”: as defined in the preamble hereto.

3

 

          “Material Adverse Effect”: a material adverse effect on (a) the business, property,
operations, condition (financial or otherwise) or prospects of the Guarantor and its Subsidiaries
taken as a whole or (b) the validity or enforceability of this Agreement or any of the other Loan
Documents or the rights or remedies of the Administrative Agent or the Lenders hereunder or
thereunder.

          “Responsible Officer”: the chief executive officer, president or chief financial
officer of the Guarantor, but in any event, with respect to financial matters, the chief financial
officer of the Guarantor.

     1.2 Other Definitional Provisions. (a) The words “hereof,” “herein”, “hereto” and
“hereunder” and words of similar import when used in this Agreement shall refer to this Agreement
as a whole and not to any particular provision of this Agreement, and Section and Schedule
references are to this Agreement unless otherwise specified.

     (b) The meanings given to terms defined herein shall be equally applicable to both the
singular and plural forms of such terms.

     (c) Where the context requires, terms relating to the Collateral or any part thereof, when
used in relation to the Guarantor, shall refer to the Guarantor’s Collateral or the relevant part
thereof.

SECTION 2. GUARANTEE

     2.1 Guarantee. (a) The Guarantor hereby unconditionally and irrevocably guarantees
to the Administrative Agent, for the benefit of the Lenders and their respective successors,
indorsees, transferees and assigns, the prompt and complete payment and performance by the Borrower
when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.

          (b) This guarantee shall remain in full force and effect and be binding in accordance with and
to the extent of its terms upon the Guarantor and its successors and assigns thereof, and shall
inure to the benefit of the Lenders and their successors and assigns, until all the Obligations and
the obligations of the Guarantor under this guarantee shall have been satisfied by payment in full
and the Commitments shall be terminated.

     2.2 No Subrogation. Notwithstanding any payment made by the Guarantor hereunder or
any set-off or application of funds of the Guarantor by the Administrative Agent or any Lender, the
Guarantor shall not be entitled to be subrogated to any of the rights of the Administrative Agent
or any Lender against the Borrower or any collateral security or guarantee or right of offset held
by the Administrative Agent or any Lender for the payment of the Obligations, nor shall the
Guarantor seek or be entitled to seek any contribution or reimbursement from the Borrower in
respect of payments made by the Guarantor hereunder, until all amounts owing to the Administrative
Agent and the Lenders by the Borrower on account of the Obligations are paid in full and the
Commitments are terminated. If any amount shall be paid to the Guarantor on account of such
subrogation rights at any time when all of the Obligations shall not have been paid in full, such
amount shall be held by the Guarantor in trust for the Administrative Agent and the Lenders and
shall, forthwith upon receipt by the Guarantor, be turned over to the Administrative Agent in the
exact form received by the Guarantor (duly indorsed by the Guarantor to the
Administrative Agent, if required), to be applied against the Obligations, whether matured or
unmatured, in such order as the Administrative Agent may determine.

     2.3 Amendments, etc. with respect to the Obligations. The Guarantor shall remain
obligated hereunder notwithstanding that, without any reservation of rights against the Guarantor
and without notice to or further assent by the Guarantor, any demand for payment of any of the
Obligations made by the

4

 

Administrative Agent or any Lender, and this Agreement and the Notes and any other documents
executed and delivered in connection therewith may be amended, modified, supplemented or
terminated, in whole or in part, as the Administrative Agent (or the Majority Lenders or all
Lenders, as the case may be) may deem advisable from time to time, and any collateral security,
guarantee or right of offset at any time held by the Administrative Agent or any Lender for the
payment of the Obligations may be sold, exchanged, waived, surrendered or released. Neither the
Administrative Agent nor any Lender shall have any obligation to protect, secure, perfect or insure
any Lien at any time held by it as security for the Obligations or for the guarantee contained in
this Section 2 or any property subject thereto.

     2.4 Guarantee Absolute and Unconditional. The Guarantor waives any and all notice of
the creation, renewal, extension or accrual of any of the Obligations and notice of or proof of
reliance by the Administrative Agent or any Lender upon this guarantee or acceptance of this
guarantee; the Obligations, and any of them, shall conclusively be deemed to have been created,
contracted or incurred, or renewed, extended, amended or waived, in reliance upon this guarantee;
and all dealings between the Borrower and the Guarantor, on the one hand, and the Administrative
Agent and the Lenders, on the other hand, likewise shall be conclusively presumed to have been had
or consummated in reliance upon this guarantee. To the fullest extent permitted by applicable law,
the Guarantor waives diligence, presentment, protest, demand for payment and notice of default or
nonpayment to or upon the Borrower or the Guarantor with respect to the Obligations. The Guarantor
understands and agrees that this guarantee shall be construed as a continuing, absolute and
unconditional guarantee of payment without regard to (a) the validity or enforceability of this
Agreement or any Note, any of the Obligations or any other collateral security therefor or
guarantee or right of offset with respect thereto at any time or from time to time held by the
Administrative Agent or any Lender, (b) any defense, set-off or counterclaim (other than a defense
of payment or performance) which may at any time be available to or be asserted by the Borrower or
any other Person against the Administrative Agent or any Lender, or (c) any other circumstance
whatsoever (with or without notice to or knowledge of the Borrower or the Guarantor) which
constitutes, or might be construed to constitute, an equitable or legal discharge of the Borrower
for the Obligations, or of the Guarantor under this guarantee, in bankruptcy or in any other
instance. When making any demand hereunder or otherwise pursuing its rights and remedies hereunder
against the Guarantor the Administrative Agent or any Lender may, but shall be under no obligation
to, make a similar demand on or otherwise pursue such rights and remedies as it may have against
the Borrower, or any other Person or against any collateral security or guarantee for the
Obligations or any right of offset with respect thereto, and any failure by the Administrative
Agent or any Lender to make any such demand, to pursue such other rights or remedies or to collect
any payments from the Borrower, or any other Person or to realize upon any such collateral security
or guarantee or to exercise any such right of offset, or any release of the Borrower, or any other
Person or any such collateral security, guarantee or right of offset, shall not relieve the
Guarantor of any obligation or liability hereunder, and shall not impair or affect the rights and
remedies, whether express, implied or
available as a matter of law, of the Administrative Agent or any Lender against the Guarantor.
For the purposes hereof “demand” shall include the commencement and continuance of any legal
proceedings.

     2.5 Reinstatement. This guarantee shall continue to be effective, or be reinstated,
as the case may be, if at any time payment, or any part thereof, of any of the Obligations is
rescinded or must otherwise be restored or returned by the Administrative Agent or any Lender upon
the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Borrower or the
Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of,
or trustee or similar officer for, the

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Borrower or the Guarantor or any substantial part of its
property, or otherwise, all as though such payments had not been made.

     2.6 Payments. The Guarantor hereby guarantees that payments hereunder will be paid to
the Administrative Agent without set-off or counterclaim in Dollars at the Funding Office

     2.7 Cure. If, on any date, the Overcollateralization Ratio is less than 110%, the
Guarantor may, without premium or penalty, promptly, but in no event later than three Business Days
thereafter, deposit additional Eligible Securities into the Collateral Account in an amount such
that after giving effect to such deposit the Overcollateralization Ratio shall be equal to or
greater than 110%.

SECTION 3. REPRESENTATIONS AND WARRANTIES

          The Guarantor hereby represents and warrants to the Administrative Agent and each Lender that:

     3.1 Financial Condition. The audited consolidated balance sheets of the Guarantor as
at June 29, 2003, June 27, 2004, and June 26, 2005, and the related consolidated statements of
income and of cash flows for the fiscal years ended on such dates, reported on by and accompanied
by an unqualified report from Ernst & Young LLP, present fairly the consolidated financial
condition of the Guarantor as at such date, and the consolidated results of its operations and its
consolidated cash flows for the respective fiscal years then ended. The unaudited consolidated
balance sheet of the Guarantor as at March 26, 2006, and the related unaudited consolidated
statements of income and cash flows for the nine-month period ended on such date, present fairly
the consolidated financial condition of the Guarantor as at such date, and the consolidated results
of its operations and its consolidated cash flows for the nine-month period then ended (subject to
normal year-end audit adjustments). All such financial statements, including the related schedules
and notes thereto, have been prepared in accordance with GAAP applied consistently throughout the
periods involved (except as approved by the aforementioned firm of accountants and disclosed
therein). The Guarantor does not have any material Guarantee Obligations, contingent liabilities
and liabilities for taxes, or any long-term leases or unusual forward or long-term commitments,
including any interest rate or foreign currency swap or exchange transaction or other obligation in
respect of derivatives, that are not reflected in the most recent financial statements referred to
in this paragraph.
During the period from March 26, 2006 to and including the date hereof there has been no
Disposition by the Guarantor of any material part of its business or property on a consolidated
basis.

     3.2 No Change. Since March 26, 2006, there has been no development or event that has
had or could reasonably be expected to have a Material Adverse Effect.

     3.3 Existence; Compliance with Law. Each Group Member (a) is duly organized, validly
existing and in good standing under the laws of the jurisdiction of its organization, (b) has the
power and authority, and the legal right, to own and operate its property, to lease the property it
operates as lessee and to conduct the business in which it is currently engaged, (c) is duly
qualified as a foreign corporation or other organization and in good standing under the laws of
each jurisdiction where its ownership, lease or operation of property or the conduct of its
business requires such qualification and (d) is in compliance with all Requirements of Law except
to the extent that the failure to comply therewith could not, in the aggregate, reasonably be
expected to have a Material Adverse Effect.

     3.4 Power; Authorization; Enforceable Obligations. The Guarantor has the power and
authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a
party.

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The Guarantor has taken all necessary organizational action to authorize the execution,
delivery and performance of the Loan Documents to which it is a party. No consent or authorization
of, filing with, notice to or other act by or in respect of, any Governmental Authority or any
other Person is required in connection with the extensions of credit hereunder or with the
execution, delivery, performance, validity or enforceability of this Agreement or any of the Loan
Documents, except consents, authorizations, filings and notices described in Schedule 3.3 to the
Credit Agreement, which consents, authorizations, filings and notices have been obtained or made
and are in full force and effect. Each Loan Document to which the Guarantor is a party has been
duly executed and delivered by it. This Agreement constitutes, and each other Loan Document to
which the Guarantor is a party upon execution will constitute, a legal, valid and binding
obligation of the Guarantor, enforceable against the Guarantor in accordance with its terms, except
as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium
or similar laws affecting the enforcement of creditors’ rights generally and by general equitable
principles (whether enforcement is sought by proceedings in equity or at law).

     3.5 No Legal Bar. The execution, delivery and performance of this Agreement and the
other Loan Documents to which Guarantor is a party, the borrowings hereunder and the use of the
proceeds thereof will not violate any Requirement of Law or any Contractual Obligation of any Group
Member and will not result in, or require, the creation or imposition of any Lien on any of their
respective properties or revenues pursuant to any Requirement of Law or any such Contractual
Obligation (other than the Liens created by the Security Documents). No Requirement of Law or
Contractual Obligation applicable a Group Member could reasonably be expected to have a Material
Adverse Effect.

     3.6 Litigation. No litigation, investigation or proceeding of or before any
arbitrator or Governmental Authority is pending or, to the knowledge of the Guarantor, threatened
by or against any Group Member
or against any the respective properties or revenues (a) with respect to any of the Loan
Documents or any of the transactions contemplated hereby or thereby, or (b) that could reasonably
be expected to have a Material Adverse Effect.

     3.7 No Default. No Group Member is in default under or with respect to any of its
Contractual Obligations in any respect that could reasonably be expected to have a Material Adverse
Effect. No Guarantor Default or Guarantor Event of Default has occurred and is continuing.

     3.8 Ownership of Property; Liens. Each Group Member has title in fee simple to, or a
valid leasehold interest in, all its real property, and good title to, or a valid leasehold
interest in, all its other property, and none of such property is subject to any Lien except as
permitted by Section 5.1.

     3.9 Intellectual Property. The Guarantor owns, or is licensed to use, all
Intellectual Property necessary for the conduct of its business as currently conducted. No
material claim has been asserted and is pending by any Person challenging or questioning the use of
any Intellectual Property or the validity or effectiveness of any Intellectual Property, nor does
the Guarantor know of any valid basis for any such claim. The use of Intellectual Property by each
Group Member does not infringe on the rights of any Person in any material respect.

     3.10 Taxes. Each Group Member has filed or caused to be filed all Federal, state and
other material tax returns that are required to be filed and has paid all taxes shown to be due and
payable on said returns or on any assessments made against it or any of its property and all other
taxes, fees or other charges imposed on it or any of its property by any Governmental Authority
(other than any the amount or validity of which are currently being contested in good faith by
appropriate proceedings and with respect to which reserves in conformity with GAAP have been
provided on the books of the relevant Group Member); no tax Lien has been filed, and, to the
knowledge of the Guarantor, no claim is being asserted, with respect to any such tax, fee or other
charge.

7

 

     3.11 ERISA. Neither a Reportable Event nor an “accumulated funding deficiency”
(within the meaning of Section 412 of the Code or Section 302 of ERISA) has occurred during the
five-year period prior to the date on which this representation is made or deemed made with respect
to any Plan, and each Plan has complied in all material respects with the applicable provisions of
ERISA and the Code. No termination of a Single Employer Plan has occurred, and no Lien in favor of
the PBGC or a Plan has arisen, during such five-year period. The present value of all accrued
benefits under each Single Employer Plan (based on those assumptions used to fund such Plans) did
not, as of the last annual valuation date prior to the date on which this representation is made or
deemed made, exceed the value of the assets of such Plan allocable to such accrued benefits by a
material amount. Neither the Guarantor nor any Commonly Controlled Entity has had a complete or
partial withdrawal from any Multiemployer Plan that has resulted or could reasonably be expected to
result in a material liability under ERISA, and neither the Guarantor nor any Commonly Controlled
Entity would become subject to any material liability under ERISA if the Guarantor or any such
Commonly Controlled Entity were to withdraw completely from all Multiemployer Plans as of the valuation date most closely preceding the
date on which this representation is made or deemed made. No such Multiemployer Plan is in
Reorganization or Insolvent.

     3.12 Investment Company Act; Other Regulations. The Guarantor is not an “investment
company”, or a company “controlled” by an “investment company”, within the meaning of the
Investment Company Act of 1940, as amended. The Guarantor is subject to regulation under any
Requirement of Law (other than Regulation X of the Board) that limits its ability to incur
Indebtedness.

     3.13 Environmental Matters. Except as, in the aggregate, could not reasonably be
expected to have a Material Adverse Effect:

     (a) the facilities and properties owned, leased or operated by the Guarantor (the
“Properties”) do not contain, and have not previously contained, any Materials of
Environmental Concern in amounts or concentrations or under circumstances that constitute or
constituted a violation of, or could give rise to liability under, any Environmental Law;

     (b) No Group Member has received nor is aware of any notice of violation, alleged violation,
non-compliance, liability or potential liability regarding environmental matters or compliance with
Environmental Laws with regard to any of the Properties or the business operated by any Group
Member (the “Business”), nor does the Guarantor have knowledge or reason to believe that
any such notice will be received or is being threatened;

     (c) Materials of Environmental Concern have not been transported or disposed of from the
Properties in violation of, or in a manner or to a location that could give rise to liability
under, any Environmental Law, nor have any Materials of Environmental Concern been generated,
treated, stored or disposed of at, on or under any of the Properties in violation of, or in a
manner that could give rise to liability under, any applicable Environmental Law;

     (d) no judicial proceeding or governmental or administrative action is pending or, to the
knowledge of the Guarantor, threatened, under any Environmental Law to which any Group Member is or
will be named as a party with respect to the Properties or the Business, nor are there any consent
decrees or other decrees, consent orders, administrative orders or other orders, or other
administrative or judicial requirements outstanding under any Environmental Law with respect to the
Properties or the Business;

     (e) there has been no release or threat of release of Materials of Environmental Concern at or
from the Properties, or arising from or related to the operations of the Guarantor in connection
with the

8

 

Properties or otherwise in connection with the Business, in violation of or in amounts or
in a manner that could give rise to liability under Environmental Laws;

     (f) the Properties and all operations at the Properties are in compliance, and have in the
last five years been in compliance, with all applicable Environmental Laws, and there is no
contamination at, under or about the Properties or violation of any Environmental Law with respect
to the Properties or the Business; and

     (g) no Group Member has assumed any liability of any other Person under Environmental Laws.

     3.14 Accuracy of Information, etc. No statement or information contained in this
Agreement or the Security Agreement or any other document, certificate or statement furnished by or
on behalf of the Guarantor to the Administrative Agent or the Lenders, or any of them, for use in
connection with the transactions contemplated by this Agreement or the Security Agreement,
contained as of the date such statement, information, document or certificate was so furnished, any
untrue statement of a material fact or omitted to state a material fact necessary to make the
statements contained herein or therein not misleading. The projections and pro
forma financial information contained in the materials referenced above are based upon good
faith estimates and assumptions believed by management of the Guarantor to be reasonable at the
time made, it being recognized by the Lenders that such financial information as it relates to
future events is not to be viewed as fact and that actual results during the period or periods
covered by such financial information may differ from the projected results set forth therein by a
material amount. There is no fact known to the Guarantor that could reasonably be expected to have
a Material Adverse Effect that has not been expressly disclosed herein or in any other documents,
certificates and statements furnished to the Administrative Agent and the Lenders for use in
connection with the transactions contemplated hereby and by the other Loan Documents.

     3.15 Security Documents. The Security Agreement is effective to create in favor of
the Administrative Agent, for the benefit of the Lenders, a legal, valid and enforceable security
interest in the Collateral described therein and proceeds thereof. Upon execution and delivery of
the Securities Control Agreement by the parties thereto, the Security Agreement will constitute a
fully perfected Lien on, and security interest in, all right, title and interest of the Guarantor
in such Collateral and the proceeds thereof, as security for the Secured Obligations (as defined in
the Security Agreement), in each case prior and superior in right to any other Person (except as
otherwise permitted by Section 5.1).

SECTION 4. AFFIRMATIVE COVENANTS

          The Guarantor covenants and agrees with the Administrative Agent and the Lenders that, from
and after the date of this Agreement until the Obligations shall have been paid in full, no Letter
of Credit shall be outstanding and the Commitments shall have terminated:

     4.1 Financial Statements. Furnish to the Administrative Agent and each Lender:

     (a) as soon as available, but in any event within 90 days after the end of each fiscal
year of the Guarantor, a copy of the audited consolidated balance sheet of the Guarantor and
its consolidated Subsidiaries as at the end of such year and the related audited
consolidated statements of income and of cash flows for such year, setting forth in each
case in comparative form the figures for the previous year, reported on without a “going
concern” or like qualification or exception, or qualification arising out of the scope of
the audit, by Ernst & Young, LLP or other independent certified public accountants of
nationally recognized standing; and

9

 

     (b) as soon as available, but in any event not later than 45 days after the end of each
of the first three quarterly periods of each fiscal year of the Guarantor, the unaudited
consolidated balance sheet of the Guarantor and its consolidated Subsidiaries as at the end
of such quarter and the related unaudited consolidated statements of income and of cash
flows for such quarter and the portion of the fiscal year through the end of such quarter,
setting forth in each case in
comparative form the figures for the previous year, certified by a Responsible Officer
as being fairly stated in all material respects (subject to normal year-end audit
adjustments).

          All such financial statements shall be complete and correct in all material respects and shall
be prepared in reasonable detail and in accordance with GAAP applied (except as approved by such
accountants or officer, as the case may be, and disclosed in reasonable detail therein)
consistently throughout the periods reflected therein and with prior periods. Notwithstanding
anything to the contrary contained in this Section 4.1, the Guarantor shall not be required to
deliver any financial statements to the Administrative Agent with respect to any period for which
it has timely filed its Form 10-K or Form 10-Q, as the case may be, with the SEC (provided
that such Form 10-K or Form 10-Q, as the case may be, is publicly available on the SEC’s website
(or a similar website) within the time periods required by this Section).

     4.2 Certificates; Other Information. Furnish to the Administrative Agent:

     (a) concurrently with the delivery of the financial statements referred to in
Section 4.1(a), a certificate of the independent certified public accountants reporting on
such financial statements stating that in making the examination necessary therefor no
knowledge was obtained of any Default or Event of Default, except as specified in such
certificate;

     (b) concurrently with the delivery of any financial statements pursuant to Section
4.1, (i) a certificate of a Responsible Officer stating that, to the best of each such
Responsible Officer’s knowledge, each Loan Party during such period has observed or
performed all of its covenants and other agreements, and satisfied every condition contained
in this Agreement and the other Loan Documents to which it is a party to be observed,
performed or satisfied by it, and that such Responsible Officer has obtained no knowledge of
any Default or Event of Default except as specified in such certificate; and

     (c) unless publicly available at such time on the SEC’s website (or a similar website),
within five days after the same are sent, copies of all financial statements and reports
that the Guarantor sends to the holders of any class of its debt securities or public equity
securities and, within five days after the same are filed, copies of all financial
statements and reports that the Guarantor may make to, or file with, the SEC.

     4.3 Payment of Obligations. Pay, discharge or otherwise satisfy at or before maturity
or before they become delinquent, as the case may be, all its material obligations of whatever
nature, except where the amount or validity thereof is currently being contested in good faith by
appropriate proceedings and reserves in conformity with GAAP with respect thereto have been
provided on the books of the relevant Group Member.

     4.4 Maintenance of Existence; Compliance. (a)(i) Preserve, renew and keep in full
force and effect its organizational existence and (ii) take all reasonable action to maintain all
rights, privileges and franchises necessary or desirable in the normal conduct of its business,
except, in each case, as otherwise permitted by Section 5.2(b) and except, in the case of clause
(ii) above, to the extent that failure to do so could not reasonably be expected to have
a Material Adverse Effect; and (b) comply with all Contractual

10

 

Obligations and Requirements of
Law except to the extent that failure to comply therewith could not, in the aggregate, reasonably
be expected to have a Material Adverse Effect.

     4.5 Maintenance of Property; Insurance. (a) Keep all property useful and necessary
in its business in good working order and condition, ordinary wear and tear excepted and (b)
maintain with financially sound and reputable insurance companies insurance on all its property in
at least such amounts and against at least such risks (but including in any event public liability,
product liability and business interruption) as are usually insured against in the same general
area by companies engaged in the same or a similar business.

     4.6 Inspection of Property; Books and Records; Discussions. (a) Keep proper books of
records and account in which full, true and correct entries in conformity with GAAP and all
Requirements of Law shall be made of all dealings and transactions in relation to its business and
activities and (b) permit representatives of any Lender to visit and inspect any of its properties
and examine and make abstracts from any of its books and records at any reasonable time and as
often as may reasonably be desired and to discuss the business, operations, properties and
financial and other condition of the Group Members with officers and employees of the Group Members
and with their independent certified public accountants.

     4.7 Notices. Promptly after acquiring knowledge thereof give notice to the
Administrative Agent of:

     (a) the occurrence of any Default or Event of Default;

     (b) any (i) default or event of default under any Contractual Obligation of any Group
Member or (ii) litigation, investigation or proceeding that may exist at any time between
any Group Member and any Governmental Authority, that in either case, if not cured or if
adversely determined, as the case may be, could reasonably be expected to have a Material
Adverse Effect;

     (c) any litigation or proceeding affecting any Group Member (i) in which the amount
involved is $25,000,000 or more and not covered by insurance or (ii) which relates to any
Loan Document to which the Guarantor is a party, that in either case, if not cured or if
adversely determined, as the case may be, could reasonably be expected to have a Material
Adverse Effect;

     (d) the following events, as soon as possible and in any event within 30 days after the
Guarantor knows or has reason to know thereof: (i) the occurrence of any Reportable Event
with respect to any Plan, a failure to make any required contribution to a Plan, the
creation of any Lien in favor of the PBGC or a Plan or any withdrawal from, or the
termination, Reorganization or Insolvency of, any Multiemployer Plan or (ii) the institution
of proceedings or the taking of any other action by the PBGC or the Guarantor or any
Commonly Controlled Entity or any Multiemployer Plan with respect to the withdrawal from, or
the termination, Reorganization or Insolvency of, any Plan; and

     (e) any development or event that has had or could reasonably be expected to have a
Material Adverse Effect.

Each notice pursuant to this Section 4.7 shall be accompanied by a statement of a Responsible
Officer setting forth details of the occurrence referred to therein and stating what action the
relevant Group Member proposes to take with respect thereto.

     4.8 Environmental Laws .

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     (a) Comply in all material respects with, and ensure compliance in all material
respects by all tenants and subtenants, if any, with, all applicable Environmental Laws, and
obtain and comply in all material respects with and maintain, and ensure that all tenants
and subtenants obtain and comply in all material respects with and maintain, any and all
licenses, approvals, notifications, registrations or permits required by applicable
Environmental Laws

     (b) Conduct and complete all investigations, studies, sampling and testing, and all
remedial, removal and other actions required under Environmental Laws and promptly comply in
all material respects with all lawful orders and directives of all Governmental Authorities
regarding Environmental Laws.

SECTION 5. NEGATIVE COVENANTS

          The Guarantor hereby agrees that, so long as the Commitments remain in effect or any Loan or
other amount is owing to any Lender or the Administrative Agent hereunder, the Guarantor shall not,
and shall not permit any of its Subsidiaries to, directly or indirectly:

     5.1 Liens. Create, incur, assume or suffer to exist any Lien upon any of its
property, whether now owned or hereafter acquired, except:

     (a) Liens for taxes not yet due or that are being contested in good faith by
appropriate proceedings, provided that adequate reserves with respect thereto are
maintained on the books of the Guarantor or its Subsidiaries, as the case may be, in
conformity with GAAP;

     (b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like
Liens arising in the ordinary course of business that are not overdue for a period of more
than 30 days or that are being contested in good faith by appropriate proceedings;

     (c) pledges or deposits in connection with workers’ compensation, unemployment
insurance and other social security legislation;

     (d) deposits to secure the performance of bids, trade contracts (other than for
borrowed money), leases, statutory obligations, surety and appeal bonds, performance bonds
and other obligations of a like nature incurred in the ordinary course of business;

     (e) easements, rights-of-way, restrictions and other similar encumbrances incurred in
the ordinary course of business that, in the aggregate, are not substantial in amount and
that do not in any case materially detract from the value of the property subject thereto or
materially interfere with the ordinary conduct of the business of the Guarantor or any of
its Subsidiaries;

     (f) Liens in existence on the date hereof listed on Schedule 5.1(f), securing
Indebtedness described on such schedule, or any refinancing thereof, provided that
no such Lien is spread to cover any additional property after the Closing Date and that the
amount of Indebtedness secured thereby is not increased;

     (g) Liens securing Indebtedness of the Guarantor or any other Subsidiary incurred to
finance the acquisition of fixed or capital assets, or any refinancing thereof,
provided that (i) such Liens shall be created substantially simultaneously with the
acquisition of such fixed or capital assets, (ii) such Liens do not at any time encumber any
property other than the property financed by such Indebtedness and (iii) the amount of
Indebtedness secured thereby is not increased;

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     (h) Liens arising as a result of any transactions expressly permitted by Section 5.2

     (i) Liens created pursuant to the Security Documents;

     (j) any interest or title of a lessor under any lease entered into by the Borrower or
any other Subsidiary in the ordinary course of its business and covering only the assets so
leased; and

     (k) Liens not otherwise permitted by this Section so long the aggregate outstanding
principal amount of the obligations secured thereby exceed (as to the Guarantor and all
Subsidiaries) $100,000,000 at any one time.

     Notwithstanding anything to the contrary contained in this Section 5.1, no Lien
otherwise permitted hereunder shall encumber the Pledged Collateral.

     5.2 Fundamental Changes. Enter into any merger, consolidation or amalgamation, or
liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), or Dispose of all
or substantially all of its property or business, except that:

     (a) any Subsidiary may be merged or consolidated with or into the Borrower or Guarantor
(provided that the Borrower or the Guarantor shall be the continuing or surviving
corporation) or with or into any Wholly Owned Subsidiary (provided that the Wholly
Owned Subsidiary shall be the continuing or surviving corporation);

     (b) any Subsidiary may Dispose of any or all of its assets (i) to the Borrower or the
Guarantor or any Wholly Owned Subsidiary (upon voluntary liquidation or otherwise) or (ii)
pursuant to a Disposition permitted by Section 5.3; and

     (c) any Person (other than a Subsidiary) may merge or consolidate with the Borrower or
the Guarantor or any Subsidiary.

     5.3 Disposition of Property. Dispose of any of its property, whether now owned or
hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such
Subsidiary’s Capital Stock to any Person, except:

     (a) the Disposition of obsolete or worn out property in the ordinary course of
business;

     (b) the sale of inventory in the ordinary course of business;

     (c) Dispositions permitted by clause (i) of Section 5.2(b);

     (d) the sale or issuance of any Subsidiary’s Capital Stock to the Guarantor, the
Borrower or any Wholly Owned Subsidiary; and

     (e) the Disposition of other property having a fair market value not to exceed
$50,000,000 in the aggregate for any fiscal year of the Guarantor.

     5.4 Transactions with Affiliates. Enter into any transaction, including any purchase,
sale, lease or exchange of property, the rendering of any service or the payment of any management,
advisory or similar fees, with any Affiliate (other than the Guarantor or any Wholly Owned
Subsidiary) unless such transaction is upon fair and reasonable terms no less favorable to the
relevant Group Member than it

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would obtain in a comparable arm’s length transaction with a Person
that is not an Affiliate, or is otherwise permitted under this Agreement.

     5.5 Changes in Fiscal Periods. Permit the fiscal year of the Guarantor to end on a
day other than as would be determined using the Guarantor’s current method of determining fiscal
years or change the Guarantor’s method of determining fiscal quarters and fiscal years.

     5.6 Lines of Business. Enter into any business, either directly or through any Subsidiary,
except for those businesses in which the Guarantor and its Subsidiaries are engaged on the date of
this Agreement or that are reasonably related thereto.

SECTION 6. MISCELLANEOUS

     6.1 Amendments in Writing. None of the terms or provisions of this Agreement may be
waived, amended, supplemented or otherwise modified except in accordance with Section 9.1 of the
Credit Agreement.

     6.2 Notices. All notices, requests and demands to or upon the Administrative Agent or
the Guarantor hereunder shall be effected in the manner provided for in Section 9.2 of the Credit
Agreement; provided that any such notice, request or demand to or upon the Guarantor shall be
addressed to the Guarantor at its notice address set forth on Schedule 1.

     6.3 No Waiver by Course of Conduct; Cumulative Remedies. Neither the Administrative
Agent nor any Lender shall by any act (except by a written instrument pursuant to Section 6.1),
delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or
to have acquiesced in any Default or Event of Default. No failure to exercise, nor any delay in
exercising, on the part of the Administrative Agent or any Lender, any right, power or privilege
hereunder shall operate as a waiver thereof. No single or partial exercise of any right, power or
privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by the Administrative Agent or any Lender of any
right or remedy hereunder on any one occasion shall not be construed as a bar to any right or
remedy which the Administrative Agent or such Lender would otherwise have on any future occasion.
The rights and remedies herein provided are cumulative, may be exercised singly or concurrently and
are not exclusive of any other rights or remedies provided by law.

     6.4 Enforcement Expenses; Indemnification. (a) The Guarantor agrees to pay or
reimburse each Lender and the Administrative Agent for all its costs and expenses incurred in
collecting against the Guarantor under this guarantee or otherwise enforcing or preserving any
rights under this Agreement and the other Loan Documents to which the Guarantor is a party,
including, without limitation, the fees and disbursements of counsel (including the allocated fees
and expenses of in-house counsel) to each Lender and of counsel to the Administrative Agent.

     (b) The Guarantor agrees to pay, and to save the Administrative Agent and the Lenders harmless
from, any and all liabilities with respect to, or resulting from any delay in paying, any and all
stamp, excise, sales or other taxes which may be payable or determined to be payable with respect
to any of the Collateral or in connection with any of the transactions contemplated by this
Agreement.

     (c) The Guarantor agrees to pay, and to save the Administrative Agent and the Lenders harmless
from, any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution,
delivery, enforcement, performance and administration of this Agreement to the extent the Borrower
would be required (and has failed) to do so pursuant to Section 9.5 of the Credit Agreement.

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     (d) The agreements in this Section 6.4 shall survive repayment of the Obligations and all
other amounts payable under the Credit Agreement and the other Loan Documents.

     6.5 Successors and Assigns. This Agreement shall be binding upon the successors and
assigns of the Guarantor and shall inure to the benefit of the Administrative Agent and the Lenders
and their successors and assigns; provided that the Guarantor may not assign, transfer or delegate
any of its rights or obligations under this Agreement without the prior written consent of the
Administrative Agent.

     6.6 Set-Off. The Guarantor hereby irrevocably authorizes the Administrative Agent and
each Lender at any time and from time to time while an Event of Default shall have occurred and be
continuing, without notice to the Guarantor or any other Person, any such notice being expressly
waived by the Guarantor, to set-off and appropriate and apply any and all deposits (general or
special, time or demand, provisional or final), in any currency, and any other credits,
indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or
contingent, matured or unmatured, at any time held or owing by the Administrative Agent or such
Lender to or for the credit or the account of the Guarantor, or any part thereof in such amounts as
the Administrative Agent or such Lender may elect, against and on account of the obligations and
liabilities of the Guarantor to the Administrative Agent or such Lender hereunder and claims of
every nature and description of the Administrative Agent or such Lender against the Guarantor, in
any currency, whether arising hereunder, under the Credit Agreement, any other Loan Document or
otherwise, as the Administrative Agent or such Lender may elect, whether or not the Administrative
Agent or any Lender has made any demand for payment and although such
obligations, liabilities and claims may be contingent or unmatured. The Administrative Agent
and each Lender shall notify the Guarantor promptly of any such set-off and the application made by
the Administrative Agent or such Lender of the proceeds thereof, provided that the failure to give
such notice shall not affect the validity of such set-off and application. The rights of the
Administrative Agent and each Lender under this Section 6.6 are in addition to other rights and
remedies (including, without limitation, other rights of set-off) which the Administrative Agent or
such Lender may have.

     6.7 Counterparts. This Agreement may be executed by one or more of the parties to
this Agreement on any number of separate counterparts (including by telecopy), and all of said
counterparts taken together shall be deemed to constitute one and the same instrument.

     6.8 Severability. Any provision of this Agreement which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

     6.9 Section Headings. The Section headings used in this Agreement are for convenience
of reference only and are not to affect the construction hereof or be taken into consideration in
the interpretation hereof.

     6.10 Integration. This Agreement and the other Loan Documents represent the agreement
of the Guarantor, the Administrative Agent and the Lenders with respect to the subject matter
hereof and thereof, and there are no promises, undertakings, representations or warranties by the
Administrative Agent or any Lender relative to subject matter hereof and thereof not expressly set
forth or referred to herein or in the other Loan Documents.

     6.11 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

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     6.12 Submission To Jurisdiction; Waivers. The Guarantor hereby irrevocably and
unconditionally:

     (a) submits for itself and its property in any legal action or proceeding relating to this
Agreement and the other Loan Documents to which it is a party, or for recognition and enforcement
of any judgment in respect thereof, to the non-exclusive general jurisdiction of the courts of the
State of New York, the courts of the United States of America for the Southern District of New
York, and appellate courts from any thereof;

     (b) consents that any such action or proceeding may be brought in such courts and waives any
objection that it may now or hereafter have to the venue of any such action or proceeding in any
such
court or that such action or proceeding was brought in an inconvenient court and agrees not to
plead or claim the same;

     (c) agrees that service of process in any such action or proceeding may be effected by mailing
a copy thereof by registered or certified mail (or any substantially similar form of mail), postage
prepaid, to the Guarantor at its address referred to in Section 6.2 or at such other address of
which the Administrative Agent shall have been notified pursuant thereto;

     (d) agrees that nothing herein shall affect the right to effect service of process in any
other manner permitted by law or shall limit the right to sue in any other jurisdiction; and

     (e) waives, to the maximum extent not prohibited by law, any right it may have to claim or
recover in any legal action or proceeding referred to in this Section any special, exemplary,
punitive or consequential damages.

     6.13 Acknowledgements. The Guarantor hereby acknowledges that:

     (a) it has been advised by counsel in the negotiation, execution and delivery of this
Agreement and the other Loan Documents to which it is a party;

     (b) neither the Administrative Agent nor any Lender has any fiduciary relationship with or
duty to the Guarantor arising out of or in connection with this Agreement or any of the other Loan
Documents, and the relationship between the Guarantor, on the one hand, and the Administrative
Agent and Lenders, on the other hand, in connection herewith or therewith is solely that of
guarantor and lender; and

     (c) no joint venture is created hereby or by the other Loan Documents or otherwise exists by
virtue of the transactions contemplated hereby among the Lenders or among the Guarantor and the
Lenders.

     6.14 Authority of Administrative Agent. The Guarantor acknowledges that the rights
and responsibilities of the Administrative Agent under this Agreement with respect to any action
taken by the Administrative Agent or the exercise or non-exercise by the Administrative Agent of
any right or remedy provided for herein or resulting or arising out of this Agreement shall, as
between the Administrative Agent and the Lenders, be governed by the Credit Agreement and by such
other agreements with respect thereto as may exist from time to time among them, but, as between
the Administrative Agent and the Guarantor, the Administrative Agent shall be conclusively presumed
to be acting as agent for the Lenders with full and valid authority so to act or refrain from
acting, and the Guarantor shall not be under any obligation, or entitlement, to make any inquiry
respecting such authority.

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     6.15 Termination and Release(a) .

     (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document,
the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of
notice to or consent of any Lender except as expressly required by Section 9.1 of the Credit
Agreement) to take
any action requested by the Guarantor having the effect of releasing any Collateral or
guarantee obligations that has been consented to in accordance with Section 9.1 of the Credit
Agreement or under the circumstances described in paragraph (b) below

     (b) At such time as the Obligations and the Guarantor Obligations shall have been paid in full
and the Commitments have been terminated, this Agreement and all obligations (other than those
expressly stated to survive such termination) of the Administrative Agent and the Guarantor and all
obligations (other than those expressly stated to survive such termination) of the Administrative
Agent and each Loan Party under the Security Documents shall terminate, all without delivery of any
instrument or performance of any act by any party.

     6.16 WAIVER OF JURY TRIAL. THE GUARANTOR HEREBY IRREVOCABLY AND UNCONDITIONALLY
WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

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     IN WITNESS WHEREOF, each of the undersigned has caused this Guarantee to be duly executed and
delivered as of the date first above written.

	 	 	 	 	 	 	 
	 	 	LAM RESEARCH CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Roch LeBlanc
 

Title: Treasurer
	 	 

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SCHEDULE 5.1

Existing Liens

19

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