Document:

INDEMNIFICATION AGREEMENT WITH JIEH-HWA SHYU

 Exhibit 10.4 
  
 INDEMNIFICATION AGREEMENT 
  
 This Agreement, made and entered into this 1st day of May, 2003 (“Agreement”), by and between Mykrolis Corporation, a Delaware corporation (“Company”), and Jieh Hwa Shyu
(“Indemnitee”): 
  
 WHEREAS, it is reasonable, prudent
and necessary for the Company to obligate itself to indemnify, and to advance expenses on behalf of, its directors and executive officers to the fullest extent permitted by applicable law so that they will serve or continue to serve the Company free
from undue concern that they will not be so indemnified; and 
  
 WHEREAS, Indemnitee is willing to serve, continue to serve the Company as a director and/or executive officer and to take on additional service for or on its behalf on the condition that he be so indemnified; 
  
 NOW, THEREFORE, in consideration of the premises and the covenants contained
herein, the Company and Indemnitee do hereby covenant and agree as follows: 
  
 Services by Indemnitee. Indemnitee agrees to serve as a director and/or executive officer of the Company. Indemnitee may at any time and for any reason resign from such position (subject to any other contractual obligation or any
obligation imposed by operation of law). 
  
 Indemnification - General. The
Company shall indemnify, and advance Expenses (as hereinafter defined) to, Indemnitee (a) as provided in this Agreement and (b) (subject to the provisions of this Agreement) to the fullest extent permitted by applicable law in effect on the date
hereof and as amended from time to time. The rights of Indemnitee provided under the preceding sentence shall include, but shall not be limited to, the rights set forth in the other Sections of this Agreement. 
  
 Proceedings Other Than Proceedings by or in the Right of the Company. Indemnitee shall
be entitled to the rights of indemnification provided in this Section 3 if, by reason of his Corporate Status (as hereinafter defined), he is, or is threatened to be made, a party to or a participant in any threatened, pending or completed
Proceeding (as hereinafter defined), other than a Proceeding by or in the right of the Company. Pursuant to this Section 3, Indemnitee shall be indemnified against all Expenses, judgments, penalties, fines and amounts paid in settlement (including
all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses, judgments, penalties, fines and amounts paid in settlement) actually and reasonably incurred by him or on his behalf in connection with
such Proceeding or any claim, issue or matter therein, if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Company and, with respect to any criminal Proceeding, had no reasonable
cause to believe his conduct was unlawful. 
  
 Proceedings by or in the Right
of the Company. Indemnitee shall be entitled to the rights of indemnification provided in this Section 4 if, by reason of his Corporate Status, he is, or is threatened to be made, a party to or a participant in any threatened, pending or
completed Proceeding brought by or in the right of the Company to procure a judgment in its favor. Pursuant to this Section, Indemnitee shall be indemnified against all Expenses (including all interest, assessments and other charges paid or payable
in connection with or in respect of such Expenses) actually and reasonably incurred by him or on his behalf in connection with such Proceeding if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best
interests of the Company; provided, however, that indemnification against such Expenses shall be made in respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been adjudged to be liable to the
Company if and only to the extent that the Court of Chancery of the State of Delaware, or the court in which such Proceeding shall have been brought or is pending, shall determine that such indemnification may be made. 
  
 Partial Indemnification. Notwithstanding any other provision of this Agreement, to the
extent that Indemnitee is, by reason of his Corporate Status, a party to (or a participant in) and is successful, on the merits or otherwise, in defense of any Proceeding, he shall be indemnified against all Expenses actually and reasonably incurred
by him or on his behalf in connection therewith. If Indemnitee is not wholly successful in defense of such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding,
the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him 

 or on his behalf in connection with each successfully resolved claim, issue or matter. For purposes of this Section and
without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter. If Indemnitee is entitled under any
provision of this agreement to indemnification by the Company for some or a portion of the Expenses, judgments, penalties, fines and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with
or in respect of such Expenses, judgments, penalties, fines and amounts paid in settlement) actually and reasonably incurred by him or on his behalf in connection with such Proceeding or any claim, issue or matter therein, but not, however, for the
total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion to which the Indemnitee is entitled. 
  
 Indemnification for Additional Expenses. 
  
 The Company shall indemnify Indemnitee against any and all Expenses and, if requested by Indemnitee, shall (within seven (7) business days of such request) advance such
Expenses to Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee for (i) indemnification or advance payment of Expenses by the Company under this Agreement or any other agreement or by-law of the Company
now or hereafter in effect; or (ii) recovery under any directors’ and officers’ liability insurance policies maintained by the Company, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification,
advance expense payment or insurance recovery, as the case may be. 
  
 Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of his Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, he shall be indemnified against all Expenses
actually and reasonably incurred by him or on his behalf in connection therewith. 
  
 Advancement of Expenses. The Company shall advance all reasonable Expenses incurred by or on behalf of Indemnitee in connection with any Proceeding within seven (7) days after the receipt by the Company of a statement or statements
from Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition of such Proceeding. Such statement or statements shall reasonably evidence the Expenses incurred by Indemnitee and shall include or be
preceded or accompanied by an undertaking by or on behalf of Indemnitee to repay any Expenses advanced if it shall ultimately be determined that Indemnitee is not entitled to be indemnified against such Expenses. Notwithstanding the foregoing, the
obligation of the Company to advance Expenses pursuant to this Section 7 shall be subject to the condition that, if, when and to the extent that the Company determines that Indemnitee would not be permitted to be indemnified under applicable law,
the Company shall be entitled to be reimbursed, within thirty (30) days of such determination, by Indemnitee (who hereby agrees to reimburse the Company) for all such amounts theretofore paid; provided, however, that if Indemnitee has
commenced or thereafter commences legal proceedings in a court of competent jurisdiction to secure a determination that Indemnitee should be indemnified under applicable law, any determination made by the Company that Indemnitee would not be
permitted to be indemnified under applicable law shall not be binding and Indemnitee shall not be required to reimburse the Company for any advance of Expenses until a final judicial determination is made with respect thereto (as to which all rights
of appeal therefrom have been exhausted or lapsed). 
  
 Procedure for
Determination of Entitlement to Indemnification. 
  
 To obtain
indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including therein or therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine
whether and to what extent Indemnitee is entitled to indemnification. The Secretary of the Company shall, promptly upon receipt of such a request for indemnification, advise the Board in writing that Indemnitee has requested indemnification.

  
 Upon written request by Indemnitee for indemnification pursuant to the first
sentence of Section 8(a) hereof, a determination, if required by applicable law, with respect to Indemnitee’s entitlement thereto shall be made in the specific case: (i) if a Change in Control (as hereinafter defined) shall have occurred, by
Independent Counsel (as hereinafter defined) in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee; or (ii) if a Change of Control shall not have occurred, (A) by a majority vote of the Disinterested
Directors (as hereinafter defined), even though less than a quorum of the Board, or (B) if there are no such Disinterested Directors or, if such Disinterested Directors so direct, by Independent Counsel in a written opinion to the Board, a copy of
which shall be delivered to Indemnitee or (C) if so directed by the Board, by the stockholders of the Company; and, if it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within 

 seven (7) days after such determination. The Company and the Indemnitee shall each cooperate with the person, persons or
entity making such determination with respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or
otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination. Any costs or expenses (including attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating
with the person, persons or entity making such determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification), and the Company hereby indemnifies and agrees to hold Indemnitee
harmless therefrom. 
  
 In the event the determination of entitlement to
indemnification is to be made by Independent Counsel pursuant to Section 8(b) hereof, the Independent Counsel shall be selected as provided in this Section 8(c). If a Change of Control shall not have occurred, the Independent Counsel shall be
selected by the Board of Directors, and the Company shall give written notice to Indemnitee advising him of the identity of the Independent Counsel so selected. If a Change of Control shall have occurred, the Independent Counsel shall be selected by
Indemnitee (unless Indemnitee shall request that such selection be made by the Board of Directors, in which event the preceding sentence shall apply), and Indemnitee shall give written notice to the Company advising it of the identity of the
Independent Counsel so selected. In either event, Indemnitee or the Company, as the case may be, may, within 10 days after such written notice of selection shall have been given, deliver to the Company or to Indemnitee, as the case may be, a written
objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in Section 17
of this Agreement, and the objection shall set forth with particularity the factual basis of such assertion. If such written objection is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and
until such objection is withdrawn or a court has determined that such objection is without merit. If, within 20 days after submission by Indemnitee of a written request for indemnification pursuant to Section 8(a) hereof, no Independent Counsel
shall have been selected and not objected to, either the Company or Indemnitee may petition the Court of Chancery of the State of Delaware for resolution of any objection which shall have been made by the Company or Indemnitee to the other’s
selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the Court or by such other person as the Court shall designate, and the person with respect to whom all objections are so resolved or the
person so appointed shall act as Independent Counsel under Section 8(b) hereof. The Company shall pay any and all reasonable fees and expenses of Independent Counsel incurred by such Independent Counsel in connection with acting pursuant to Section
8(b) hereof, and the Company shall pay all reasonable fees and expenses incident to the procedures of this Section 8(c), regardless of the manner in which such Independent Counsel was selected or appointed, and if such Independent Counsel was
selected or appointed by the Indemnitee or the Court, shall provide such Independent Counsel with such retainer as may requested by such counsel. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 10(a)(iii) of
this Agreement, Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing). 
  
 The Company shall not be required to obtain the consent of the Indemnitee to the settlement
of any Proceeding which the Company has undertaken to defend if the Company assumes full and sole responsibility for such settlement and the settlement grants the Indemnitee a complete and unqualified release in respect of the potential liability.
The Company shall not be liable for any amount paid by the Indemnitee in settlement of any Proceeding that is not defended by the Company, unless the Company has consented to such settlement, which consent shall not be unreasonably withheld.

  
 Presumptions and Effect of Certain Proceedings. 
  
 In making a determination with respect to entitlement to indemnification or the advancement
of expenses hereunder, the person or persons or entity making such determination shall presume that Indemnitee is entitled to indemnification or advancement of expenses under this Agreement if Indemnitee has submitted a request for indemnification
or the advancement of expenses in accordance with Section 8(a) of this Agreement, and the Company shall have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination
contrary to that presumption. Neither the failure of the Company (including its board of directors or independent legal counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is
proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination by the Company (including its board of directors or independent legal counsel) that Indemnitee has not met such applicable
standard 

 of conduct, shall be a defense to the action or create a presumption that Indemnitee has not met the applicable standard
of conduct. 
  
 If the person, persons or entity empowered or selected under
Section 8 of this Agreement to determine whether Indemnitee is entitled to indemnification shall not have made a determination within sixty (60) days after receipt by the Company of the request therefor, the requisite determination of entitlement to
indemnification shall be deemed to have been made and Indemnitee shall be entitled to such indemnification, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement
not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law; provided, however, that such 60-day period may be extended for a reasonable time, not to
exceed an additional thirty (30) days, if the person, persons or entity making the determination with respect to entitlement to indemnification in good faith requires such additional time for the obtaining or evaluating of documentation and/or
information relating thereto; and provided, further, that the foregoing provisions of this Section 9(b) shall not apply (i) if the determination of entitlement to indemnification is to be made by the stockholders pursuant to Section 8(b) of this
Agreement and if (A) within fifteen (15) days after receipt by the Company of the request for such determination the Board of Directors has resolved to submit such determination to the stockholders for their consideration at an annual meeting
thereof to be held within seventy-five (75) days after such receipt and such determination is made thereat, or (B) a special meeting of stockholders is called within fifteen (15) days after such receipt for the purpose of making such determination,
such meeting is held for such purpose within sixty (60) days after having been so called and such determination is made thereat, or (ii) if the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section
8(b) of this Agreement. 
  
 The termination of any Proceeding or of any claim,
issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the right of
Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding,
that Indemnitee had reasonable cause to believe that his conduct was unlawful. 
  
 Reliance as Safe Harbor. For purposes of any determination of Good Faith, Indemnitee shall be deemed to have acted in Good Faith if Indemnitee’s action is based on the records or books of account of the Company or relevant
enterprise, including financial statements, or on information supplied to Indemnitee by the officers of the Company or relevant enterprise in the course of their duties, or on the advice of legal counsel for the Company or relevant enterprise or on
information or records given in reports made to the Company or relevant enterprise by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Company or relevant enterprise. The provisions
of this Section 9(d) shall not be deemed to be exclusive or to limit in any way the other circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement. 
  
 Actions of Others. The knowledge and/or actions, or failure to act, of any director,
officer, agent or employee of the Company or relevant enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. 
  
 Remedies of Indemnitee. 
  
 In the event that (i) a determination is made pursuant to Section 8 of this Agreement that Indemnitee is not entitled to indemnification
under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 7 of this Agreement, (iii) no determination of entitlement to indemnification shall have been made pursuant to Section 8(b) of this Agreement within 90 days
after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 5 or 6 of this Agreement within ten (10) days after receipt by the Company of a written request therefor, or (v) payment
of indemnification is not made within ten (10) days after a determination has been made that Indemnitee is entitled to indemnification, Indemnitee shall be entitled to an adjudication by the Court of Chancery of the State of Delaware, or any other
court of competent jurisdiction, of his entitlement to such indemnification or advancement of Expenses. Alternatively, Indemnitee, at his option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial
Arbitration Rules of the American Arbitration Association. 
  
 In the event that a
determination shall have been made pursuant to Section 8(b) of this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 10 shall 

 be conducted in all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall not be
prejudiced by reason of that adverse determination. If a Change of Control shall have occurred, in any judicial proceeding or arbitration commenced pursuant to this Section 10, the Company shall have the burden of proving that Indemnitee is not
entitled to indemnification or advancement of Expenses, as the case may be. 
  
 If
a determination shall have been made pursuant to Section 8(b) of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this
Section 10, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading in connection with the request for indemnification, or (ii) a
prohibition of such indemnification under applicable law. 
  
 In the event that
Indemnitee, pursuant to this Section 10, seeks a judicial adjudication of or an award in arbitration to enforce his rights under, or to recover damages for breach of, this Agreement, Indemnitee shall be entitled to recover from the Company, and
shall be indemnified by the Company against, any and all expenses (of the types described in the definition of Expenses in Section 17 of this Agreement) actually and reasonably incurred by him in such judicial adjudication or arbitration, but only
if he prevails therein. If it shall be determined in said judicial adjudication or arbitration that Indemnitee is entitled to receive part but not all of the indemnification or advancement of expenses sought, the expenses incurred by Indemnitee in
connection with such judicial adjudication or arbitration shall be appropriately prorated. The Company shall indemnify Indemnitee against any and all Expenses and, if requested by Indemnitee, shall (within ten (10) days after receipt by the Company
of a written request therefor) advance such expenses to Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee for indemnification or advance of Expenses from the Company under this Agreement or under any
directors’ or officers’ liability insurance policies maintained by the Company, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, advancement of Expenses or insurance recovery, as the case
may be. 
  
 The Company shall be precluded from asserting in any judicial
proceeding or arbitration commenced pursuant to this Section 10 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Company is
bound by all the provisions of this Agreement. 
  
 Non-Exclusivity; Survival of Rights; Insurance; Subrogation. 
  
 The rights of indemnification and to receive advancement of Expenses as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Certificate of
Incorporation, the By-Laws, any agreement, a vote of stockholders or a resolution of directors, or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this
Agreement in respect of any action taken or omitted by such Indemnitee in his Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in the General Corporation Law of the State of Delaware, whether by statute or
judicial decision, permits greater indemnification or advancement of Expenses than would be afforded currently under the Company’s By-Laws and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement
the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given
hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy. 

 
 To the extent that the Company maintains an insurance policy or policies providing
liability insurance for directors, officers, employees or agents of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise which such person serves at the request of the Company,
Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any such director, officer, employee or agent under such policy or policies. 
  
 In the event of any payment under this Agreement, the Company shall be subrogated to the
extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring
suit or enforce such rights. 
  
 The Company shall not be liable under this
Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any insurance 

 policy, contract, agreement or otherwise. 
  
 The Company’s obligation to indemnify or advance expenses hereunder to Indemnitee who is or was serving at the request of the Company
as a director, officer, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise shall be reduced by any amount Indemnitee has actually received as indemnification or advancement of
expenses from such other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise. 
  
 Duration of Agreement. 
  
 This Agreement shall continue until and terminate upon the later of: (i) 10 years after the date that Indemnitee shall have ceased to serve as a director and/or executive officer of the Company (or of any other
corporation, partnership, joint venture, trust, employee benefit plan or other enterprise which Indemnitee served at the request of the Company); or (ii) the final termination of any Proceeding then pending in respect of which Indemnitee is granted
rights of indemnification or advancement of expenses hereunder and of any proceeding commenced by Indemnitee pursuant to Section 10 of this Agreement relating thereto. 
  
 This Agreement shall not be deemed an employment contract between the Company (or any of its subsidiaries) and Indemnitee. Indemnitee
specifically acknowledges that Indemnitee’s employment with the Company (or any of its subsidiaries), if any, is at will, and the Indemnitee may be discharged at any time for any reason, with or without cause, except as may be otherwise
provided in any written employment contract between Indemnitee and the Company (or any of its subsidiaries), other applicable formal severance policies duly adopted by the Board, or, with respect to service as a director or officer of the Company,
by the Company’s Certificate of Incorporation, By-laws, and the General Corporation Law of the State of Delaware. The foregoing notwithstanding, this Agreement shall continue in force as provided above after Indemnitee has ceased to serve as a
director and/or executive officer of the Company. 
  
 This Agreement shall be
binding upon the Company and its successors and assigns and shall inure to the benefit of Indemnitee and his heirs, executors and administrators. 
  
 Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity,
legality and enforceability of the remaining provisions of this Agreement (including without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself
invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of
the parties hereto; and (c) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable,
that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby. 
  
 Exception to Right of Indemnification or Advancement of Expenses. Except as provided in Section 6(a) of this Agreement, Indemnitee shall not be entitled to
indemnification or advancement of Expenses under this Agreement with respect to any Proceeding brought by Indemnitee (other than a Proceeding by Indemnitee to enforce his rights under this Agreement), or any claim therein, unless the bringing of
such Proceeding or making of such claim shall have been approved by the Board of Directors. 
  
 Identical Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same
Agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement. 
  

Headings. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to
affect the construction thereof. 

 Definitions. For purposes of this Agreement: 
  
 “Change in Control” shall have the meaning set forth on Exhibit A. 
  
 “Corporate Status” describes the status of a person who is or was a director, officer, employee, fiduciary or agent of the Company
or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise which such person is or was serving at the request of the Company. 
  
 “Disinterested Director” means a director of the company who is not and was not a party to the Proceeding in respect of which
indemnification is sought by Indemnitee. 
  
 “Effective Date” means May
1, 2003. 
  
 “Expenses” shall include all reasonable attorneys’
fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses of the types
customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness, in, or otherwise participating in, a Proceeding. 
  
 “Independent Counsel” means a law firm, or a member of a law firm, that is
experienced in matters of corporation law and neither presently is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party, or (ii) any other party to the Proceeding
giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a
conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable fees of the Independent Counsel referred to above and to fully
indemnify such counsel against any and all Expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto. 
  
 “Proceeding” includes any threatened, pending or completed action, suit, arbitration, alternate dispute resolution mechanism,
investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought by or in the right of the Corporation or otherwise and whether civil, criminal, administrative or investigative, in which
Indemnitee was, is, may be or will be involved as a party or otherwise, by reason of the fact that Indemnitee is or was a director or officer of the Company, by reason of any action taken by him or of any inaction on his part while acting as
director or officer of the Company, or by reason of the fact that he is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise; in each
case whether or not he is acting or serving in any such capacity at the time any liability or expense is incurred for which indemnification or advancement of expenses can be provided under this Agreement; except one (i) initiated by an Indemnitee
pursuant to Section 10 of this Agreement to enforce his right under this Agreement or (ii) pending on or before the Effective Date. 
  
 Enforcement. 
  
 The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce Indemnitee to serve as a director and/or officer of the Company,
and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director and/or officer of the Company. 
  
 This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and
understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof. 
  
 Modification and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No
waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. 
  
 Notice by Indemnitee. Indemnitee agrees promptly to notify the Company in writing upon
being served with any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification or advancement of Expenses covered hereunder. The failure of
Indemnitee to so notify the Company shall not relieve the Company of any obligation which it may have to the Indemnitee under this Agreement or otherwise. 

 Notices. All notices, requests, demands or other communications hereunder shall be in writing and shall be deemed
to have been duly given if (i) delivered by hand and receipted for by the party to whom said notice or other communication shall have been direct, or (ii) mailed by certified or registered mail with postage prepaid, on the third business day after
the date on which it is so mailed: 
  

	If to Indemnitee to:	 	Gerry Mackay
	 	 	c/o Mykrolis Corporation
	 	 	129 Concord Road
	 	 	Billerica, Massachusetts 01821
		
	If to the Company to:	 	Mykrolis Corporation
	 	 	129 Concord Road
	 	 	Billerica, Massachusetts 01821
	 	 	Attention: General Counsel

  
 or to such other
address as may have been furnished to Indemnitee by the Company or to the Company by Indemnitee, as the case may be. 
  
 Contribution. To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee for any
reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses, in
connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits received by
the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or (ii) the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with such
event(s) and/or transaction(s). 
  
 Governing Law; Submission to Jurisdiction;
Appointment of Agent for Service of Process. This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws
rules. Except with respect to any arbitration commenced by Indemnitee pursuant to Section 10(a) of this Agreement, the Company and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in
connection with this Agreement shall be brought only in the Chancery Court of the State of Delaware (the “Delaware Court”), and not in any other state or federal court in the United States of America or any court in any other country, (ii)
consent to submit to the exclusive jurisdiction of the Delaware Court for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) appoint, to the extent such party is not a resident of the State of Delaware,
irrevocably Corporation Service Company as its agent in the State of Delaware for acceptance of legal process in connection with any such action or proceeding against such party with the same legal force and validity as if served upon such party
personally within the State of Delaware, (iv) waive any objection to the laying of venue of any such action or proceeding in the Delaware Court, and (v) waive, and agree not to plead or to make, any claim that any such action or proceeding brought
in the Delaware Court has been brought in an improper or otherwise inconvenient forum. 
  
 Miscellaneous. Use of the masculine pronoun shall be deemed to include usage of the feminine pronoun where appropriate. 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year first above
written. 
  

	 ATTEST:
	 	 	 	 MYKROLIS CORPORATION

				
	 /s/ Peter W. Walcott.

	 	 	 	 By: /s/ Jean-Marc Pandraud.

	 	 
	 Name: Peter W. Walcott
	 	 	 	 Name: Jean-Marc Pandraud

	 	 	 	 	 Title: President & Chief Operating Officer

			
	 ATTEST:
	 	 	 	 INDEMNITEE

			
	 /s/ Peter W. Walcott.

	 	 	 	 /s/ Jieh-Hwa Shyu.

	 Name: Peter W. Walcott
	 	 	 	 Name: Jieh Hwa Shyu

 EXHIBIT A 
  
 Change of Control. For the purposes of this Agreement, a “Change of Control” means: 
  

	(a)	The acquisition by any person, corporation, partnership, limited liability company or other entity (a “Person”, which term shall include a group within the meaning of
section 13(d) of the Securities Exchange Act of 1934 (the “Exchange Act”)) of ultimate beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act), directly or indirectly of 30% or more of either (i) the then
outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (ii) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors
(the “Outstanding Company Voting Securities”); provided, however, that for purposes of this subsection (a), the following acquisitions shall not constitute a Change of Control: (i) any such acquisition directly from the Company, except for
acquisition of securities upon conversion of other securities of the Company (ii) any such acquisition by the Company, (iii) any such acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any
corporation controlled by the Company or (iv) any such acquisition by any corporation pursuant to a transaction which complies with clauses (i), (ii) and (iii) of subsection (c) of this Exhibit A; or 

  

	(b)	Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided,
however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election, by the Company’s shareholders, was approved by a vote of at least a majority of the directors then comprising the
Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election
contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or 

  

	(c)	Consummation of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company in one or a series of transactions (a
“Business Combination”), in each case, unless, following such Business Combination, (i) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and
Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, immediately following such Business Combination more than 50% of, respectively, the outstanding shares of common stock and
the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a
corporation which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately
prior to such Business Combination of the Outstanding Company Common Stock and outstanding Company Voting Securities, as the case may be, (ii) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan
(or related trust) of the Company or such corporation resulting from such Business Combination) ultimately beneficially owns, directly or indirectly, 30% or more of, respectively, the then outstanding shares of common stock of the corporation
resulting from such Business Combination or the combined voting power of the then outstanding voting securities of such corporation except to the extent that such ownership existed prior to the Business Combination and (iii) at least a majority of
the members of the board of directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement, or of the action of the Board, providing for such Business
Combination; or 

  

	(d)	Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company.LETTER AGREEMENT WITH GERRY MACKAY

 Exhibit 10.5 
  

	 Mr. John Gerald MacKay
	 	June 18 2003

 9 Reeves St. 
 Acton,
MA 01720 
  
 Dear Gerry: 
  
 As we have discussed, it has become apparent that the highest potential growth markets for
Mykrolis Corporation (“Mykrolis”) are in Asia and it is therefore important that Mykrolis increase the presence of its senior management team in that region in order to direct and focus Mykrolis’ response to these market opportunities
as they develop. In your current role as Vice President Worldwide Sales and Marketing, a major proportion of your efforts must be directed at Asia. For this reason you have proposed that you relocate to Asia and I have agreed to this proposal.
Initially you will be relocated to Singapore, which will serve as a temporary base of your operations. We recognize that, as the Asian market evolves, it will be necessary for you to again relocate to another location closer to the center of the
emerging Asian markets, possibly Shanghai, however, the timing and specific location of the next move can not be identified at this time. Consequently, it will be necessary for the base of operations for your position to be flexible in order to
respond to the needs of the evolving global marketplace. 
  
 This relocation is
not intended to change your overall position or status with the worldwide Mykrolis organization: while, as a formal matter, you will be an employee and a director of Mykrolis Singapore Pte. Ltd., you will retain your current title of Vice President
Worldwide Sales and Marketing; you will continue to report to me; you will continue to serve as a member of the Corporate Executive Committee; you will continue to be an “executive officer” as defined in the Securities and Exchange Act of
1934 (“’34 Act”); you will continue to be entitled to the financial planning benefit and to benefit from the Executive Termination Agreement between Mykrolis and yourself on the same at-will basis as the other corporate executive
officers of Mykrolis. In addition, as an executive officer under the ’34 Act, you will continue to be subject to the provisions of the corporate policy entitled “Trading Restrictions on Mykrolis Affiliates and Insiders” which permits
you to trade in the stock of Mykrolis and to exercise options to acquire shares of Mykrolis Common Stock only during identified “open window” periods after pre-clearance with the General Counsel and compliance with all reporting
requirements of Section 16 of the ’34 Act and of S.E.C. Rule 144. Subject to the foregoing restrictions and to the other applicable regulations of the S.E.C., during your employment you shall be entitled to exercise vested stock options to the
same extent as other executive officers of Mykrolis. 
  
 Set forth below are the
specific relocation accomodations and benefits Mykrolis is offering to you relating to your move to Singapore. The terms and conditions of these relocation arrangements are contingent upon your obtaining the necessary residence visa and work permits
and accepting this offer by countersigning this letter in the space indicated below. 
  
 1. Transfer Date. Your base of operations will officially transfer to Singapore on July 1, 2003 (the “Transfer Date”); we will periodically review the appropriate base for your operations,
based upon the needs of the business. 
  
 2. Salary,
Retirement and Benefits. As you know, the Management Development & Compensation Committee of the Mykrolis Board of Directors (the “MD&CC”) has approved an increase in your base salary to $200,000, effective as of the first
day of the quarter immediately following the first quarter in which Mykrolis achieves profitability. The MD&CC has also approved an increase in your the Mykrolis Incentive Plan (“MIP”) target incentive amount to 50% of your annual base
salary, effective for 2003 and subsequent years. As of the Transfer Date your annual base salary will be the equivalent of U.S.$180,000.00, you will become an employee of Mykrolis Singapore Pte. Ltd., will transfer onto the Singapore payroll, and
will be paid in Singapore Dollars; this base salary will continue until profitability is achieved as described above. The exchange rate listed in the Wall Street Journal on the Transfer Date will be used to convert this U.S. Dollar amount
into a Singapore Dollar amount which shall be used as your salary for the duration of your foreign assignment. On an ongoing basis, as an executive officer, you will be subject to the same salary review, increase and reduction procedures that apply
to other executive 

 officers. You and your family will be eligible to participate in the health and dental benefit programs applicable to
Singapore offered by CIGNA under the current indemnity plan as applied to Singapore or a mutually satisfactory alternative plan. You will be responsible for making any employee contributions for those benefits; in lieu of the salary withholding of
the employee contribution for this coverage, you agree to make quarterly payments of that amount directly to Mykrolis Corporation on or before the last day of each fiscal quarter. Additionally, you will be provided with the SOS Emergency Assistance
services. 
  
 You have earned a payment under the Mykrolis MIP with respect to
your services to Mykrolis in the U.S. during 2002. While a portion of this award has been paid to you, the MD&CC has determined that payment of the balance of that award shall be deferred until the quarter immediately following the first quarter
in which Mykrolis achieves profitability, which will occur after you have relocated to Singapore. It is understood and agreed that payment of the balance of this MIP award for 2002 shall be payable by Mykrolis Corporation in U.S. Dollars and will
constitute U.S. source income, subject to withholding of U.S. income taxes notwithstanding the fact that you may be resident in Singapore at the time that it is paid. In the event that through no fault of your own that you are assessed tax on this
deferred payment in both the U.S. and Singapore, Mykrolis agrees to tax equalize the Singapore taxes assessed with respect thereto. 
  
 Mykrolis will continue the existing life insurance benefit to the extent possible. In the event that your relocation precludes the continuation of that life insurance
policy, then Mykrolis will obtain a replacement life insurance policy with as nearly comparable coverage limits and terms as is reasonably available. 
  
 Since this move will make you ineligible to participate in the Mykrolis Corporation Savings and Investment Plan, you will be required to give up any right to receive
benefits thereunder during the period of this assignment. In compensation for this loss of benefits Mykrolis agrees to pay you annually an amount equal to 10% of the sum of your base salary plus any cash awards paid under the MIP in lieu of
retirement benefits at the same time that the retirement contribution is made to executive officers on the U.S. payroll. You agree that this payment shall be in full satisfaction of any and all retirement benefits that may be owed to you by Mykrolis
and any subsidiary of Mykrolis and that you hereby waive any claims with respect to any such retirement benefits to the maximum extent permitted by law. In the event that at any time you become entitled to participate in the Singapore Central
Provident Fund, then the payment in lieu of retirement benefits provided for herein shall immediately cease. 
  
 3. Assignment Completion Bonus; Foreign Service Incentive. Upon successful completion of your initial four year assignment, you will be entitled to
an Assignment Completion Bonus (taxable income), equal to 5% of your annual base salary for each of the four years of your initial assignment. This bonus will be payable at Mykrolis’ discretion in a lump sum in Singapore Dollars on the fourth
anniversary of the Transfer Date, based upon Mykrolis’ reasonable judgement that all of the terms and conditions of your assignment have been completed. In the event that you leave the employ of Mykrolis or one of its subsidiaries prior to the
completion of this initial assignment, you shall immediately forfeit all right to this Assignment Completion Bonus. From and after the fourth anniversary of the Transfer Date you will be entitled to receive a Foreign Service Incentive Payment
(taxable income), equal to 5% of your annual base salary for each year you are on foreign assignment. Payment of this 5% Foreign Service Incentive will be made to you upon completion of each year of service in Asia and shall be payable on the
anniversary of the Transfer Date and will be based upon your salary at that time, until the assignment concludes; if the assignment concludes prior to the anniversary of the Transfer Date the final 5% incentive payment will be pro rated to reflect
the duration of such service during the final year. 
  
 4. Sale of Acton Property. You will receive assistance with the sale of your home in Acton, MA in accordance with the Coldwell Banker Residential Brokerage (“CBRB”) relocation program, as modified as described
herein. The terms and conditions of the CBRB relocation program are described on Appendix A attached hereto. Initially, the “Buyer Value Option” process described on Appendix A will be followed. If a bona fide buyer for your home has not
been obtained by the specified date, then the “Guaranteed Buyout Offer” process described on Appendix A will be followed. In order to enable this “Guaranteed Buyout Offer” process to operate, you agree to cooperate with CBRB to
promptly obtain two appraisals of your Acton home by independent appraisers satisfactory to Mykrolis. In connection with the operation of 

 
the “Guaranteed Buyout Offer” process you represent to Mykrolis that the carrying costs of your Action home (mortgage, utilities, maintenance,
etc.) do not exceed $4,000 per month and that you listed your home for sale on or about April 21, 2003. In the event that you incur liability for U.S. Income taxes through no fault of your own with respect to any of the benefits afforded by the CBRB
Buyer Value Option or the Guaranteed Buyout Offer, Mykrolis agrees to tax equalize such liability.  
  
 5 Final Move Trip to Singapore. You will be reimbursed for the cost of air transportation to Singapore for you and your family
members to make the initial move to Singapore. This reimbursement will be made in accordance with the Mykrolis Travel & Expense Reimbursement Policy & Procedures with by coach airfare and you and your family shall take the most
economical fare available. 
  
 6
Shipment of Household Goods. Moving and Storage: Mykrolis will pay to ship “essential personal items and household goods” (as those terms are defined on Appendix 2 attached hereto) to Singapore. To the extent necessary,
Mykrolis will also pay to store your household goods for up to 60 days in Singapore. Any costs incurred due to the shipping of items other than “essential personal items and household goods” or for storage beyond such 60 day period will be
your responsibility. Mykrolis will not reimburse the cost of replacing any items confiscated by customs authorities. 
  
 Shipment to U.K.: Mykrolis will pay to ship up to a maximum of 1,000lbs of such “essential personal items and household goods” via ocean transport to the
United Kingdom. 
  
 7 Relocation Benefits in
Singapore. The following relocation benefits will be paid to you by Mykrolis Singapore Pte Ltd. The relocation benefits specified in paragraphs (A) and (B) below shall be paid as a monthly stipend; the reimbursement benefit specified in
paragraph (C) shall be paid upon submission of receipts or other evidence of payment in accordance with the Mykrolis Travel & Expense Reimbursement Policy & Procedures; the relocation benefit specified in paragraph (D) shall be paid
as a single payment at the first payroll run in Singapore following the Transfer Date. The exchange rate from the US dollars listed below to the equivalent Singapore dollars will be established based upon the exchange rate listed in the Wall
Street Journal on July 1, 2003. This exchange rate will be used to calculate any benefit set up in local currency and will not fluctuate during the assignment, as it will be paid in local currency. 
  

	(A)	SUBSIDIZED HOUSING ACCOMMODATION: You will be entitled to receive a subsidized housing accommodation equal to the
equivalent of US$53,100.00 annually or US$4,425.00 monthly. 

  

	(B)	RELOCATION AUTOMOBILE ALLOWANCE: You will be provided with a moderately priced automobile, in accordance with the
plan applicable to eligible employees of Mykrolis Singapore Pte. Ltd. 

  

	(C)	RELOCATION SCHOOLING REIMBURSEMENT: You will be entitled to be reimbursed for your actual eligible schooling
expenses, for your three children up to a maximum of the equivalent of US$28,000 per year. This reimbursement is available only for children in elementary and secondary school; as each child graduates from secondary school this allowance shall be
reduced by 1/3. As used herein “eligible schooling expenses” means tuition, school administrative charges, uniforms and transportation expenses associated with enrolling your three children in bilingual elementary or secondary school; but
EXCLUDES the cost of books and recreational fees and expenses. 

  

	(D)	RELOCATION ALLOWANCE FOR INCIDENTALS: An allowance equal to one month of base salary will be paid
upon your arrival to Singapore and is subject to local payroll taxes. This allowance is intended to cover your incidental expenses not covered by the foregoing relocation allowances that may arise as a result of your relocation.

  
 8. One-Way Relocation. Since it is
our current intent that the Vice President Worldwide Sales and Marketing shall be based in Asia on a permanent basis, you recognize and agree that Mykrolis will not pay any expenses to relocate you or your family back to either the United States or
Europe. 
  
 9. Subsequent Relocations. You recognize
and agree that as the Mykrolis markets in Asia evolve it will be necessary for you to relocate again, possibly to Shanghai or some other location in China, and you agree to accept such a subsequent relocation. Mykrolis agrees to offer you relocation
benefits for such 

 
subsequent relocation which are generally consistent with the benefits offered in paragraphs 3, 5, 6 and 7 above; such subsequent relocation benefits shall
be adjusted to reflect the difference in housing and living costs between Singapore and the destination of such subsequent relocation as calculated by Organization Resources Counselors, Inc. 
  
 10. Lease Cancellation Costs. In the event that you incur lease
cancellation costs by reason of: (i) the termination of your employment without cause by Mykrolis; or (ii) a subsequent relocation directed by Mykrolis, then in either of such events, Mykrolis agrees to reimburse you for lease
cancellation costs incurred by reason thereof in accordance with the Mykrolis Relocation Policy as applied to tier 3 employees. Lease cancellation costs arising out of any other circumstances shall be your responsibility. 
  
 11. Relocation Commitment. You recognize that by accepting your
proposal to relocate you, Mykrolis will incur substantial additional cost as set forth in this letter. You agree that in consideration of the relocation benefits provided hereunder that you will remain in the employ of Mykrolis based in Singapore or
such other location in Asia as shall be specified by the President of Mykrolis for at least four (4) years. In the event that you leave the employ of Mykrolis without Mykrolis’ consent or that your employment with Mykrolis is terminated for
cause during that period you agree that you shall immediately forfeit all rights to the Assignment Completion Bonus specified in Paragraph 3 above. In the event that your employment is terminated by Mykrolis for reasons other than cause, then the
provisions of the preceding sentence shall not apply. 
  
 12.
No Contract of Employment. The terms of this letter agreement or of any modification hereof do not create an employment contract and do not give you the right to remain in the employ of Mykrolis or its subsidiaries, you shall continue to be an
employee-at-will and shall remain subject to discharge at any time without cause, notice or payment in lieu of notice. 
  
 13. Governing Law. This letter agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts
as applied to transactions taking place wholly within Massachusetts between Massachusetts residents. 
  
 I hope that the above is satisfactory to you. If you accept the relocation benefits specified in this letter and agree to the obligations set forth herein please evidence your acceptance of this agreement by
countersigning this letter in space indicated below and returning one countersigned copy to the undersigned, whereupon this letter shall become the binding agreement between you and your representatives and Mykrolis and its successors. 

 
 Sincerely, 
  

	 /s/ Jean-Marc Pandraud

	 Jean-Marc Pandraud

	 President & Chief Operating Officer

	 Mykrolis Corporation

  
 Agreed and Accepted as of the
above specified date: 
  

	   /s/ Gerry Mackay.

	 John Gerald MacKay

 Appendix A 
 Coldwell Banker Residential Brokerage Relocation Program 
  

	 Buyer Value Option (BVO) Process Flow

	 	 Guaranteed Buyout Offer (GBO) Process Flow

	 	 Remarks

	1. CBRB provides a Managed Marketing Program to the employee with a qualified RE agent to assist in the procurement of a qualified buyer.	 	1. CBRB provides a Managed Marketing Program to the employee with a qualified RE agent to assist in the procurement of a qualified buyer.	 	Broker Price Opinion determines the initial listing price and takes into consideration the need of employee to sell their home in the least amount of time for the highest price
possible.
			
	 	 	2. Two relocation appraisals, by independent appraisers, are completed on employee’s property and averaged to determine the basis for the employer’s buy out offer to the
employee. Employee has a mandatory marketing period to sell home through BVO program of from April 21, 2003 through June 23, 2003 before being able to accept GBO (If an outside buyer is not found within this period, skip to # 10 in this process
flow). Inspections will be ordered on property if needed.	 	This protects the company from generally overpaying for employees home. All appraisers are instructed to complete valuation based on a 90-120 day marketing time.
			
	2. Once a bona fide buyer has been found and the offer is verbally negotiated, CBRB signs the Purchase and Sale agreement with the buyer on the employee’s home.	 	3. If a bona fide buyer has been found and the offer is verbally negotiated, CBRB signs the Purchase and Sale agreement with the buyer on the employee’s home.	 	Both process are the same at this juncture if an outside buyer has been identified. Since the employee has a mandatory 90-day marketing period the likelihood of obtaining an outside
buyer is good.
			
	3. CBRB extends an offer to the employee under the same terms and conditions as the outside buyer’s offer.	 	4. CBRB extends an offer to the employee under the same terms and conditions as the outside buyer’s offer.	 	 
			
	4. Employee signs and returns the CBRB purchase agreements along with title documents to transfer ownership to CBRB.	 	5. Employee signs and returns the CBRB purchase agreements along with title documents to transfer ownership to CBRB.	 	 
			
	5. CBRB takes possession of the property on behalf of the Employer until the closing.	 	6. CBRB takes possession of the property on behalf of the Employer until the closing	 	 
			
	6. CBRB signs new listing agreement with agent obligating CBRB to pay the commission on behalf of Employer.	 	7. CBRB signs new listing agreement with agent obligating CBRB to pay the commission on behalf of Employer.	 	 

	 Buyer Value Option (BVO) Process Flow

	 	 Guaranteed Buyout Offer (GBO) Process Flow

	 	 Remarks

	7. Equity due employee is calculated and disbursed per client policy.	 	8. Equity due employee is calculated and disbursed per client policy.	 	 
			
	8. CBRB closes property with buyer and provides a final financial reporting to client detailing all expenditures to acquire and resell employee’s property.	 	9. CBRB closes property with buyer and provides a final financial reporting to client detailing all expenditures to acquire and resell employee’s property.	 	 
			
	 	 	10. An offer is made to the employee by CBRB on behalf of the Employer based on the average of the 2 appraisals. Contracts and a deed package are sent to the employee to be signed
and returned to CBRB in the event an outside buyer is not identified within the mandatory marketing period.	 	 
			
	 	 	11. Once the employee accepts the GBO offer, CBRB funds employee equity on home prorated to vacate date.	 	Company now becomes responsible for paying carrying costs on employees home to include; mortgage, taxes, utilities and maintenance.
			
	 	 	12. CBRB lists property with qualified agent at recommended appraisal price for timely sale.	 	Company may or may not take a loss on sale on the home depending on present market conditions. We ask all appraisers to include forecasting in their original appraisals to identify
either market increases or decreases to help offset any potential loss to the company.
			
	 	 	13. Once a bona fide buyer is found, CBRB enters in contract with buyer and manages home through to successful closing.	 	 
			
	 	 	14. CBRB closes property with buyer and provides a final financial reporting to client detailing all expenditures to acquire and resell employee’s property and will either
invoice client for outstanding bills or refunds client any unused funds.	 	 

 Appendix 2 
 List of Essential Personal Items and Household Goods 
  
 Essential Personal Items and Household Goods includes clothing, furniture, appliances, entertainment equipment, computers and peripherals, china, glassware, dinner ware, books, moveable rugs, personal effects and
other personal property commonly found in the home but EXCLUDES the following: 
  

	Automobiles	  	Explosive, or flammable materials
	Snowmobiles, jet skis,	  	Firearms and other weapons
	        motorcycles and ATVs	  	Items commonly treated as “fixtures”
	Boats and yachts	  	livestock and pets
	Trailers	  	Plants and perishable goods
	Campers	  	Antique furniture and items and other
	Jewelry, watches, precious	  	            articles of extraordinary value
	            metals and gems, silver	  	Currency, stamp collections, rare coins
	            and silver service	  	Collectors items or documents
	Heirlooms and articles of peculiar	  	 
	        sentimental value

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