Document:

exv10w44

 

Exhibit 10.44

EXECUTION VERSION

SECOND AMENDMENT AND WAIVER

TO CREDIT AGREEMENT

          THIS SECOND AMENDMENT AND WAIVER TO CREDIT AGREEMENT, dated as of November 13, 2006 (this
“Amendment”), to the Existing Credit Agreement (as defined below) is made by ASYST
TECHNOLOGIES, INC., a California corporation, and ASYST JAPAN, INC., a Japanese corporation
(collectively, the “Borrowers”), and certain of the Lenders (such capitalized term and
other capitalized terms used in this preamble and the recitals below to have the meanings set forth
in, or are defined by reference in, Article I below).

W I T N E S S E T H:

          WHEREAS, the Borrowers, the Lenders and Bank of America, N.A., as Administrative Agent, are
all parties to the Credit Agreement, dated as of June 22, 2006 (as amended or otherwise modified
prior to the date hereof, the “Existing Credit Agreement”, and as amended by this Amendment
and as the same may be further amended, supplemented, amended and restated or otherwise modified
from time to time, the “Credit Agreement”); and

          WHEREAS, the Borrowers have requested that the Lenders amend certain provisions of the
Existing Credit Agreement and the Lenders are willing, on the terms and subject to the conditions
hereinafter set forth, to modify the Existing Credit Agreement as set forth below;

          NOW, THEREFORE, the parties hereto hereby covenant and agree as follows:

ARTICLE I

DEFINITIONS

          SECTION 1.1. Certain Definitions. The following terms when used in this Amendment
shall have the following meanings (such meanings to be equally applicable to the singular and
plural forms thereof):

          “Amendment” is defined in the preamble.

          “Amendment Effective Date” is defined in Article IV.

          “Borrowers” is defined in the preamble.

          “Credit Agreement” is defined in the first recital.

          “Existing Credit Agreement” is defined in the first recital.

 

 

          SECTION 1.2. Other Definitions. Terms for which meanings are provided in the Credit
Agreement are, unless otherwise defined herein or the context otherwise requires, used in this
Amendment with such meanings.

ARTICLE II

AMENDMENTS TO CREDIT AGREEMENT

          Subject to the occurrence of the Amendment Effective Date, the provisions of the Existing
Credit Agreement referred to below are hereby amended in accordance with this Article II.

          SECTION 2.1. Amendments to Section 1.01. Section 1.01 of the Existing Credit
Agreement is hereby amended as follows:

          (a) The definition of “Consolidated EBITDA” is hereby amended by deleting the word “and”
occurring immediately prior to clause (a)(iv) of such definition, inserting “,” in place thereof
and inserting the text “and (v) any non-cash charges in respect of the Acquisition as a result
of the application of FASB 141” immediately following clause (a)(iii) of such definition.

          (b) The definition of “Excluded Accounts” is hereby amended in its entirety to read as
follows:

     “Excluded Accounts” means, collectively, Accounts of the
Company and its Subsidiaries, other than (a) Accounts held at Bank of
America or any other Secured Party, (b) Accounts, either individually or in
the aggregate with all such other Accounts (other than Accounts maintained
by ASI and its Subsidiaries), with an aggregate average monthly balance (at
any time of determination) of less than $1,000,000 and (c) solely with
respect to ASI and its Subsidiaries, (i) Accounts that are solely used for
payroll, (ii) Accounts that are solely used for factoring arrangements and
that are not drawn upon by any Loan Party and (iii) deposit or credit
Accounts maintained with a bank or other financial institution which has a
line of credit commitment to ASI to the extent such Accounts, either
individually or in the aggregate with all such other Accounts, have an
aggregate average monthly balance (at any time of determination) of less
than $5,000,000.

2

 

ARTICLE III

WAIVERS

          Subject to the occurrence of the Amendment Effective Date, the Lenders hereby waive:

          (a) Until December 29, 2006, compliance by Asyst Shinko Taiwan, Inc. (“ASTI”) with
the requirement to execute and deliver a guaranty or guaranty supplement under which ASTI will
guarantee the obligations of the Loan Parties under the Loan Documents, together with related
Organization Documents, resolutions of the board of directors or other managing body of ASI or
other satisfactory evidence of authorization (including board minutes) by such managing body,
certificates and legal opinions, in each case pursuant to Section 6.13 of the Credit Agreement.

          (b) Until December 29, 2006, compliance by Asyst Shinko Korea, Inc. (“ASKI”) with
the requirement to execute and deliver a guaranty or guaranty supplement under which ASKI will
guarantee the obligations of the Loan Parties under the Loan Documents, together with related
Organization Documents, resolutions of the board of directors or other managing body of ASI or
other satisfactory evidence of authorization (including board minutes) by such managing body,
certificates and legal opinions, in each case pursuant to Section 6.13 of the Credit Agreement;
provided that, unless an Event of Default has occurred and is continuing and the
Administrative Agent shall have made a request therefor, (x) no legal opinion (other than a US
law legal opinion) relating to such guaranty shall be required if the cost of obtaining such
opinion is not reasonable (as determined by the Administrative Agent) and (y) no certificates or
Organization Documents (other than resolutions of the board of directors or other managing body
of ASI or other satisfactory evidence of authorization (including board minutes) by such
managing body) shall be required if the cost of obtaining any of the foregoing is not reasonable
(as determined by the Administrative Agent).

          (c) Until December 29, 2006, compliance by ASI and its Subsidiaries with the requirement to
deliver certificated Equity Interests of their respective Subsidiaries to the Administrative
Agent, together with related legal opinions and resolutions of the board of directors or other
managing body of ASI or other satisfactory evidence of authorization (including board minutes)
by such managing body, in each case pursuant to clauses (a)(iii) and (v) of Section 6.13 of the
Credit Agreement and corresponding provisions of the other Loan Documents; provided
that, unless an Event of Default has occurred and is continuing and the Administrative Agent
shall have made a request therefor, ASI shall not be required at any time to deliver (x)
certificated Equity Interests of Asyst Shinko Ireland Limited and Asyst Shinko Trading
(Shanghai) Co., Ltd. or (y) any other certificated Equity Interests, if delivery thereof to the
Administrative Agent is prohibited by any Material Contracts or the costs related thereto are
not reasonable (as determined by the Administrative Agent).

          (d) Until November 20, 2006, compliance by ASI and its Subsidiaries with the requirement to
file UCC financing statements in respect of ASI and Asyst Shinko America, Inc., pursuant to
Section 6.13(a)(iii) of the Credit Agreement and corresponding provisions of the other Loan
Documents.

3

 

          (e) Until November 20, 2006, compliance by ASI with the requirement to execute and deliver
to the Administrative Agent IP Security Agreements and any other document required to
acknowledge or register, record or perfect the Administrative Agent’s interest with respect to
its U.S. intellectual property, and resolutions of the board of directors or other managing body
of ASI or other satisfactory evidence of authorization (including board minutes) by such
managing body, pursuant to Section 6.13(a)(iii) of the Credit Agreement and corresponding
provisions of the other Loan Documents.

          (f) Until an Event of Default has occurred and is continuing and the Administrative Agent
has made a request therefor, compliance by (i) ASI with the requirement to deliver to the
Administrative Agent the intercompany notes evidencing Investments made by ASI that are set
forth in Schedule 5.08(e) of the Credit Agreement, together with executed documents of transfer
in form and substance satisfactory to the Administrative Agent, in each case, as required by the
Loan Documents, and (ii) ASTI and ASKI of any provision of Section 6.13 of the Credit Agreement
(and corresponding provisions of the other Loan Documents) other than as set forth in
clauses (a) and (b) above respectively.

          Each Borrower agrees that it shall be an immediate and automatic Event of Default if the
Borrowers fail to satisfy the foregoing requirements within the time frame and under the terms and
conditions provided for therein.

ARTICLE IV

CONDITIONS TO EFFECTIVENESS

          This Amendment shall become effective on the date first written above (the “Amendment
Effective Date”) following receipt by the Administrative Agent of counterparts hereof executed
on behalf of the Borrowers and the requisite Lenders.

ARTICLE V

MISCELLANEOUS

          SECTION 5.1. Cross-References. References in this Amendment to any Article or
Section are, unless otherwise specified, to such Article or Section of this Amendment.

          SECTION 5.2. Loan Document Pursuant to Existing Credit Agreement. This Amendment is
a Loan Document executed pursuant to the Existing Credit Agreement and shall (unless otherwise
expressly indicated therein) be construed, administered and applied in accordance with all of the
terms and provisions of the Existing Credit Agreement, as amended hereby, including Article X
thereof.

          SECTION 5.3. Successors and Assigns. This Amendment shall be binding upon and inure
to the benefit of the parties hereto and their respective successors and assigns.

4

 

          SECTION 5.4. Counterparts. This Amendment may be executed by the parties hereto in
several counterparts, each of which when executed and delivered shall be an original and all of
which shall constitute together but one and the same agreement. Delivery of an executed
counterpart of a signature page to this Amendment by facsimile shall be effective as delivery of a
manually executed counterpart of this Amendment.

          SECTION 5.5. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK.

          SECTION 5.6. Full Force and Effect; Limited Amendment and Waiver. Except as
expressly amended or waived hereby, all of the representations, warranties, terms, covenants,
conditions and other provisions of the Existing Credit Agreement and the Loan Documents shall
remain unchanged and shall continue to be, and shall remain, in full force and effect in accordance
with their respective terms. The amendments and waivers set forth herein shall be limited
precisely as provided for herein to the provisions expressly amended or waived herein and shall not
be deemed to be an amendment to, waiver of, consent to or modification of any other term or
provision of the Existing Credit Agreement or any other Loan Document or of any transaction or
further or future action on the part of any Loan Party which would require the consent of the
Lenders under the Existing Credit Agreement or any of the Loan Documents.

          SECTION 5.7. Representations and Warranties. In order to induce the Lenders to
execute and deliver this Amendment, the Borrowers hereby represent and warrant to the Lenders, on
the Amendment Effective Date, after giving effect to this Amendment, all statements set forth in
clauses (a) and (b) of Section 4.02 of the Credit Agreement are true and correct as of such date,
except to the extent that any such statement expressly relates to an earlier date (in which case
such statement was true and correct on and as of such earlier date).

5

 

          IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the
date first above written.

	 	 	 	 	 
	 	ASYST TECHNOLOGIES, INC.

 	 
	 	By:  	/s/ Steve Debenham
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	ASYST JAPAN, INC.

 	 
	 	By:  	/s/ Stephen S. Schwartz
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

6

 

	 	 	 	 	 
	 	Acknowledged by  	 
	 	 	 	 	 
	 	BANK OF AMERICA, N.A.,

as Administrative Agent

 	 
	 	By:  	/s/  Ken Puro
 	 
	 	 	Name:  	Ken Puro 	 
	 	 	Title:  	Vice President 	 
	 

7

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.,

as a Lender, L/C Issuer and Swing Line Lender

 	 
	 	By:  	/s/ Lee A. Merkle-Raymond
 	 
	 	Name: Lee A. Merkle-Raymond 	 
	 	Title: Managing Director 	 
	 

8

 

	 	 	 	 	 
	 	COMERICA BANK,

as a Lender

 	 
	 	By:  	/s/ Stephanie Karic
 	 
	 	Name: Stephanie Karic 	 
	 	Title: Vice President 	 
	 

9

 

	 	 	 	 	 
	 	KEYBANK NATIONAL ASSOCIATION

as a Lender

 	 
	 	By:  	/s/ Kim A. Richmond
 	 
	 	Name:  Kim A. Richmond	 
	 	Title:  Assistant Vice President	 
	 

10

 

	 	 	 	 	 
	 	UNION BANK OF CALIFORNIA, N.A.

as a Lender

 	 
	 	By:  	/s/ Allan B. Miner
 	 
	 	Name:  Allan B. Miner	 
	 	Title:  Vice President	 
	 

11

 

	 	 	 	 	 
	 	DEVELOPMENT BANK OF JAPAN

as a Lender

 	 
	 	By:  	/s/ Z. Yamazaki
 	 
	 	Name:  Zenya Yamazaki	 
	 	Title:  Director General	 
	 	 	Department for International Affairs 
	 

12exv10w45

 

Exhibit 10.45

EXECUTION VERSION

THIRD AMENDMENT AND WAIVER

TO CREDIT AGREEMENT

     THIS THIRD AMENDMENT AND WAIVER TO CREDIT AGREEMENT, dated as of December 29, 2006 (this
“Amendment”), to the Existing Credit Agreement (such capitalized term and other capitalized
terms used in this preamble and the recitals below to have the meanings set forth in, or are
defined by reference in, Article I below) is made by ASYST TECHNOLOGIES, INC., a California
corporation, ASYST JAPAN, INC., a Japanese corporation, ASYST SHINKO, INC., a Japanese corporation
(collectively, the “Borrowers”), and the Lenders party hereto.

W
I  T  N  E  S  S  E  T  H:

     WHEREAS, the Borrowers, the Lenders and Bank of America, N.A., as Administrative Agent, are
all parties to the Credit Agreement, dated as of June 22, 2006 (as amended or otherwise modified
prior to the date hereof, the “Existing Credit Agreement”, and as amended by this Amendment
and as the same may be further amended, supplemented, amended and restated or otherwise modified
from time to time, the “Credit Agreement”); and

     WHEREAS, the Borrowers have requested that the Lenders amend certain provisions of the
Existing Credit Agreement and waive certain other provisions of the Existing Credit Agreement, and
the Lenders are willing, on the terms and subject to the conditions hereinafter set forth, to the
amendments and waivers set forth below;

     NOW, THEREFORE, the parties hereto hereby covenant and agree as follows:

ARTICLE I

DEFINITIONS

     SECTION 1.1. Certain Definitions. The following terms when used in this Amendment
shall have the following meanings (such meanings to be equally applicable to the singular and
plural forms thereof):

     “Amendment” is defined in the preamble.

     “Amendment Effective Date” is defined in Article IV.

     “Borrowers” is defined in the preamble.

     “Credit Agreement” is defined in the first recital.

 

 

     “Existing Credit Agreement” is defined in the first recital.

     SECTION 1.2. Other Definitions. Terms for which meanings are provided in the Credit
Agreement are, unless otherwise defined herein or the context otherwise requires, used in this
Amendment with such meanings.

ARTICLE II

AMENDMENTS TO CREDIT AGREEMENT

     Subject to the occurrence of the Amendment Effective Date, the provisions of the Existing
Credit Agreement referred to below are hereby amended in accordance with this Article II.

     SECTION 2.1. Amendments to Section 1.01. Section 1.01 of the Existing Credit
Agreement is hereby amended by amending the definition of “Consolidated Fixed Charge Coverage
Ratio” in its entirety to read as follows:

     “Consolidated Fixed Charge Coverage Ratio” means, at any date
of determination, the ratio of (a) (i) Consolidated EBITDA, less (ii) the
aggregate amount of all Capital Expenditures, and less (iii) the aggregate
amount of Federal, state, local and foreign income taxes paid in cash (less
the aggregate amount of such taxes paid in cash by ASI in the Measurement
Period ending December 31, 2006, in an aggregate amount not to exceed
$9,000,000) to (b) the sum of (i) Consolidated Interest Charges and (ii) the
aggregate principal amount of all regularly scheduled principal payments,
current maturities of borrowed money and redemptions or similar acquisitions
for value of outstanding debt for borrowed money, but excluding any such
payments to the extent refinanced through the incurrence of additional
Indebtedness otherwise expressly permitted under Section 7.02, in
each case, of or by the Company and its Subsidiaries for the most recently
completed Measurement Period.

     SECTION 2.2. Amendments to Section 7.11. Section 7.11 of the Existing Credit
Agreement is hereby amended by amending clause (c) thereof in its entirety to read as follows:

     (c) Consolidated Fixed Charge Coverage Ratio. Permit the
Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal quarter
of the Company to be less than the ratio set forth below opposite such
fiscal quarter:

2

 

	 	 	 	 	 
	 	 	Minimum	 
	 	 	Consolidated	 
	 	 	Fixed Charge	 
	Four Fiscal Quarters Ending	 	Coverage Ratio	 
	Closing Date through March 31, 2007
	 	 	2.00:1	 
	 	 	 	 	 
	April 1, 2007
	 	 	2.50:1	 
	and each fiscal quarter thereafter
	 	 	 	 

     SECTION 2.3. Compliance Certificate. The Compliance Certificate is hereby amended in
its entirety to read as set forth in Exhibit A.

ARTICLE III

WAIVERS

     Subject to the occurrence of the Amendment Effective Date, the Lenders hereby waive:

          (a) Until January 15, 2007, compliance by ASI with the requirement to deliver certificated
Equity Interests of Asyst Shinko Taiwan, Inc. (“ASTI”) to the Administrative Agent,
together with related legal opinions and resolutions of the board of directors or other managing
body of ASI or other satisfactory evidence of authorization (including board minutes) by such
managing body, in each case pursuant to clauses (a)(iii) and (v) of Section 6.13 of the Credit
Agreement and corresponding provisions of the other Loan Documents.

          (b) Until January 31, 2007, compliance by ASTI with the requirement to execute and deliver
a guaranty or guaranty supplement under which ASTI will guarantee the obligations of the Loan
Parties under the Loan Documents, together with related Organization Documents, resolutions of
the board of directors or other managing body of ASI or other satisfactory evidence of
authorization (including board minutes) by such managing body, certificates and legal opinions,
in each case pursuant to Section 6.13 of the Credit Agreement and clause (a) of Article III of
the Second Amendment and Waiver to Credit Agreement, dated as of November 13, 2006, among ATI,
AJI and the Lenders party thereto. Each Borrower agrees that it shall be an immediate and
automatic Event of Default if the Borrowers fail to satisfy the foregoing requirements within
the time frame and under the terms and conditions provided for therein.

3

 

ARTICLE IV

CONDITIONS TO EFFECTIVENESS

     This Amendment shall become effective on the date first written above (the “Amendment
Effective Date”) following receipt by the Administrative Agent of (a) counterparts hereof
executed on behalf of the Borrowers and the requisite Lenders and (b) a non-refundable fee in an
amount equal to $15,000 for each Lender party hereto, for the account of each such Lender.

ARTICLE V

MISCELLANEOUS

     SECTION 5.1. Cross-References. References in this Amendment to any Article or Section
are, unless otherwise specified, to such Article or Section of this Amendment.

     SECTION 5.2. Loan Document Pursuant to Existing Credit Agreement. This Amendment is a
Loan Document executed pursuant to the Existing Credit Agreement and shall (unless otherwise
expressly indicated therein) be construed, administered and applied in accordance with all of the
terms and provisions of the Existing Credit Agreement, as amended hereby, including Article X
thereof.

     SECTION 5.3. Successors and Assigns. This Amendment shall be binding upon and inure
to the benefit of the parties hereto and their respective successors and assigns.

     SECTION 5.4. Counterparts. This Amendment may be executed by the parties hereto in
several counterparts, each of which when executed and delivered shall be an original and all of
which shall constitute together but one and the same agreement. Delivery of an executed
counterpart of a signature page to this Amendment by facsimile shall be effective as delivery of a
manually executed counterpart of this Amendment.

     SECTION 5.5. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK.

     SECTION 5.6. Full Force and Effect; Limited Amendment and Waiver. Except as expressly
amended or waived hereby, all of the representations, warranties, terms, covenants, conditions and
other provisions of the Existing Credit Agreement and the Loan Documents shall remain unchanged and
shall continue to be, and shall remain, in full force and effect in accordance with their
respective terms. The amendments and waivers set forth herein shall be limited precisely as
provided for herein to the provisions expressly amended or waived herein and shall not be deemed to
be an amendment to, waiver of, consent to or modification of any other term or provision of the
Existing Credit Agreement or any other Loan Document or of any transaction or further or future
action on the part of any Loan Party which would require the consent of the Lenders under the
Existing Credit Agreement or any of the Loan Documents.

4

 

     SECTION 5.7. Representations and Warranties. In order to induce the Lenders to
execute and deliver this Amendment, the Borrowers hereby represent and warrant to the Lenders, on
the Amendment Effective Date, after giving effect to this Amendment, all statements set forth in
clauses (a) and (b) of Section 4.02 of the Credit Agreement are true and correct as of such date,
except to the extent that any such statement expressly relates to an earlier date (in which case
such statement was true and correct on and as of such earlier date).

5

 

     IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the
date first above written.

	 	 	 	 	 
	 	ASYST TECHNOLOGIES, INC.

 	 
	 	By:  	/s/ Stephen S. Schwartz
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	ASYST JAPAN, INC.

 	 
	 	By:  	/s/ Stephen S. Schwartz
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	ASYST SHINKO, INC.

 	 
	 	By:  	/s/ Stephen S. Schwartz
 	 
	 	 	Name: 
Title:  		 
	 

6

 

	 	 	 	 	 
	 	Acknowledged by

BANK OF AMERICA, N.A.,

as Administrative Agent

 	 
	 	By:  	/s/ Ken Puro
 	 
	 	 	Name:  	Ken Puro 	 
	 	 	Title:  	Vice President 	 
	 

7

 

	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A.,
	 	 	as a Lender, L/C Issuer and Swing Line Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Lee A. Merkle-Raymond
	 

	 	 	 	 
	 	 	Name: Lee A. Merkle-Raymond
	 	 	Title: Managing Director

8

 

	 	 	 	 	 
	 	 	COMERICA BANK,

as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Stephanie Karic
	 

	 	 	 	 
	 	 	Name: Stephanie Karic

	 	 	Title: Vice President

9

 

	 	 	 	 	 
	 	 	KEYBANK NATIONAL ASSOCIATION

as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Thomas A. Crandell
	 

	 	 	 	 
	 	 	Name: Thomas A. Crandell

	 	 	Title: Senior Vice President

10

 

	 	 	 	 	 
	 	 	UNION BANK OF CALIFORNIA, N.A.

as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/Allan B. Miner
	 

	 	 	 	 
	 	 	Name: Allan B. Miner

	 	 	Title: Vice President

11

 

	 	 	 	 	 
	 	 	DEVELOPMENT BANK OF JAPAN

as a Lender
	 
	 	 	 	 
	 

	 	By: /s/ Z. Yamazaki

	 

	 	 

	 

	 	Name: Zenya Yamazaki

	 

	 	Title: Director General

	 

	 	 Department for International Affairs

12

 

Exhibit A

Compliance Certificate

13

 

FORM OF COMPLIANCE CERTIFICATE

Financial Statement Date:                     ,

To: Bank of America, N.A., as Administrative Agent

Ladies and Gentlemen:

     Reference is made to that certain Credit Agreement, dated as of June 22, 2006 (as amended,
restated, extended, supplemented or otherwise modified in writing from time to time, the
“Agreement;” the terms defined therein being used herein as therein defined), among Asyst
Technologies, Inc., a California corporation (the “Company”) and Asyst Japan, Inc., a
Japanese corporation, the Designated Borrowers from time to time party thereto, the Lenders from
time to time party thereto, and Bank of America, N.A., as Administrative Agent, L/C Issuer and
Swing Line Lender.

     The undersigned Responsible Officer1, acting in such capacity and position on
behalf of the Company, hereby certifies as of the date hereof that he/she is the
___of the Company, and that, as such, he/she is authorized to
execute and deliver this Certificate to the Administrative Agent on the behalf of the Company, and
that:

[Use following paragraph 1 for fiscal year-end financial statements]

     1. Attached hereto as Schedule 1 are the year-end audited financial statements
required by Section 6.01(a) of the Agreement for the fiscal year of the Company ended as of
the above date, together with the report and opinion of an independent certified public accountant
required by such section.

[Use following paragraph 1 for fiscal quarter-end financial

statements]

     1. Attached hereto as Schedule 1 are the unaudited financial statements required by
Section 6.01(b) of the Agreement for the fiscal quarter of the Company ended as of the
above date. Such financial statements fairly present the financial condition, results of
operations and cash flows of the Company and its Subsidiaries in accordance with GAAP as at such
date and for such period, subject only to normal year-end audit adjustments and the absence of
footnotes.

     2. The undersigned has reviewed and is familiar with the terms of the Agreement and has made,
or has caused to be made under his/her supervision, a detailed review

 

			
	1	 	This Certificate should be from the Chief
Executive Officer or Treasurer of the Company.

14

 

of the transactions and condition (financial or otherwise) of the Company during the
accounting period covered by the attached financial statements.

     3. A review of the activities of the Company during such fiscal period has been made under the
supervision of the undersigned with a view to determining whether during such fiscal period the
Company performed and observed all its Obligations under the Loan Documents, and

[select one:]

     [to the best knowledge of the undersigned during such fiscal period, the Company performed and
observed each covenant and condition of the Loan Documents applicable to it, and no Default has
occurred and is continuing.]

—or—

     [the following covenants or conditions have not been performed or observed and the following
is a list of each such Default and its nature and status:]

     4. The representations and warranties of the Borrowers contained in Article V of the
Agreement and (ii) each Loan Party contained in each other Loan Document or in any document
furnished at any time under or in connection with the Loan Documents, are true and correct on and
as of the date hereof, except to the extent that such representations and warranties specifically
refer to an earlier date, in which case they are true and correct as of such earlier date, and
except that for purposes of this Compliance Certificate, the representations and warranties
contained in clauses (a) and (b) of Section 5.05 of the Agreement shall be
deemed to refer to the most recent statements furnished pursuant to clauses (a) and
(b), respectively, of Section 6.01 of the Agreement, including the statements in
connection with which this Compliance Certificate is delivered.

     5. The financial covenant analyses and information set forth on Schedules 2 and
3 attached hereto are true and accurate on and as of the date of this Certificate. The
line item descriptions on the attached Schedules 2 and 3 are in summary form for
ease of use only and the provisions of the related definitions shall control.

15

 

     IN WITNESS WHEREOF, the undersigned has
executed this Certificate as
of ____________, ________.

	 	 	 	 	 
	 	 	ASYST TECHNOLOGIES, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

16

 

For the Quarter/Year ended ___________________, ____ (“Statement Date”)

SCHEDULE 2

TO THE COMPLIANCE CERTIFICATE

($ IN 000’S)

	 	 	 	 	 	 	 	 	 	 	 	 	 
	I.	 	 Section 7.11(a) – Consolidated Total Leverage Ratio.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	A.	 	Consolidated Funded Indebtedness at Statement Date2	$	                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	B.	 	Consolidated EBITDA for Measurement Period ending on above date (“Subject Period”):	$	                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	1.	 	 	Consolidated Net Income for Subject Period:	$	                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	2.	 	 	Consolidated Interest Charges for Subject Period:	$	                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	3.	 	 	Provision for income taxes for Subject Period:	$	                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	4.	 	 	Depreciation expenses for Subject Period:	$	                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	5.	 	 	Amortization expenses for Subject Period:	$	                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	6.	 	 	Non-cash income expense determined pursuant to FAS 123R:	$	                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	7.	 	 	Income Tax credits for Subject Period:	$	                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	8.	 	 	Consolidated EBITDA (Lines II.A.1 + 2 + 3 + 4 + 5 + 6 – 7):	$	                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	C.	 	Consolidated Total Leverage Ratio (Line I.A  ̧ Line I.B):	                     to 1
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Maximum permitted:	 	 

	 	 	 	 	 
	 	 	Maximum Consolidated Total Leverage
	Four Fiscal Quarters Ending	 	Ratio
	June 30, 2006 and each fiscal
quarter thereafter
	 	 	3.50	 

	II.	 	Section 7.11 (b) – Consolidated Senior Leverage Ratio.

 

			
	2	 	Minus, solely with respect to the
determination of the Consolidated Total Leverage Ratio for the fiscal quarter
ended September 30, 2006, cash and Cash Equivalents of the Company and its
Subsidiaries on a consolidated basis in excess of $70,000,000.

17

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	A.	 	Consolidated Senior Indebtedness at Statement Date3	 	$                    
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	B.	 	Consolidated EBITDA for Subject Period (Line I.B.8 above):	 	$                    
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	C.	 	Consolidated Senior Leverage Ratio (Line II.A  ̧ Line II.B):	 	                     to 1
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Maximum permitted:	 	 

	 	 	 	 	 
	 	 	Maximum Consolidated Senior
	Four Fiscal Quarters Ending	 	Leverage Ratio
	Closing Date through
December 30, 2006
	 	 	2.25:1	 
	December 31, 2006 and each
fiscal quarter thereafter
	 	 	2.00:1	 

	 	 	 	 	 	 	 	 	 	 	 
	III.	 	Section 7.11(c) — Consolidated Fixed Charge Coverage Ratio	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	A.	 	Consolidated EBITDA for Subject Period (Line I.B.8 above):	 	$                    
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	B.	 	Cash Capital Expenditures for Subject Period:	 	$                    
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	C.	 	Federal, State, Local and Foreign Cash Income Taxes4:	 	$                    
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	D.	 	Consolidated Interest Charges for Subject Period:	 	$                    
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	E.	 	Scheduled Principal payments, etc. for Subject Period:	 	$                    
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	F.	 	Consolidated Fixed Charge Coverage Ratio ([Line III.A – Line III.B – Line III.C]
 ̧ [Line III.D + Line III.E]):	 	                    
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Minimum required:	 	 

	 	 	 	 	 
	 	 	Minimum Consolidated Fixed Charge
	Four Fiscal Quarters Ending	 	Coverage Ratio
	Closing Date through March
31, 2007
	 	 	2.00:1	 
	April 1, 2007 and each fiscal
quarter thereafter
	 	 	2.50:1	 

 

			
	3	 	 Minus, solely with respect
to the determination of the Consolidated Senior Leverage Ratio for the fiscal
quarter ended September 30, 2006, cash and Cash Equivalents of the Company and
its Subsidiaries on a consolidated basis in excess of $70,000,000.
	 
	4	 	Less the aggregate amount of such taxes paid
in cash by ASI in the Measurement Period ending December 31, 2006, in an
aggregate amount not to exceed $9,000,000 .

18

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	IV.	 	Section 7.11(d) – Minimum Consolidated EBITDA	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	A.	 	Consolidated EBITDA for the four fiscal quarter period ending
September 30, 2006	 	$	                    

	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Minimum required:	 	$	48,500,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	V.	 	Section 7.12 — Capital Expenditures.	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	A.	 	Capital Expenditures made during fiscal year to date:	 	$	                    
	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	B.	 	Maximum permitted Capital Expenditures ($_____________):	 	$	                    

	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	C.	 	Excess (deficient) for covenant compliance
(Line V.B – V.A):	 	$	                    

	 

19

 

For the Quarter/Year ended ___________________(“Statement Date”)

SCHEDULE 3

TO THE COMPLIANCE CERTIFICATE

($ IN 000’S)

CONSOLIDATED EBITDA

(IN ACCORDANCE WITH THE DEFINITION OF CONSOLIDATED EBITDA

AS SET FORTH IN THE AGREEMENT)

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Twelve	 
	Consolidated	 	Quarter	 	 	Quarter	 	 	Quarter	 	 	Quarter	 	 	Months	 
	EBITDA	 	Ended	 	 	Ended	 	 	Ended	 	 	Ended	 	 	Ended	 
	Consolidated
Net Income
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	+ Consolidated
Interest Charges
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	+ income taxes
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	+ depreciation
expense
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	+ amortization
expense
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	+ non-cash income
expense determined
pursuant to FAS 123R
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	- income tax credits
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	= Consolidated EBITDA
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

20

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