Document:

Schedule No. 003 to the Lease Agreement

 Exhibit No. 10.5 
 ELECTRONIC & TEST EQUIPMENT SCHEDULE 
 SCHEDULE NO. 003 
 DATED THIS MARCH 11, 2008 
 TO LEASE
AGREEMENT 
 DATED AS OF NOVEMBER 7, 2006 
  

			
	 Lessor & Mailing Address:
	 	 Lessee & Mailing Address:

		
	 General Electric Capital Corporation
	 	 Semiconductor Components Industries, LLC

	 4225 Executive Square Suite 800
	 	 5005 East McDowell Road

	 La Jolla, CA 92037
	 	 Phoenix, AZ 85008

		 	 Attn : General Counsel

 This Schedule is executed pursuant to, and incorporates by reference the terms and conditions of, and capitalized
terms not defined herein shall have the meanings assigned to them in, the Lease Agreement identified above (“Agreement” said Agreement and this Schedule being collectively referred to as “Lease”). This Schedule,
incorporating by reference the Agreement, constitutes a separate instrument of lease. 
 A. Equipment: Subject to the terms and conditions of the
Lease, Lessor agrees to lease to Lessee the Equipment described below (the “Equipment”). 
  

									
	Number of Units	  	Capitalized Lessor’s Cost	  	Manufacturer	  	Serial Number	  	Model and Type
of Equipment

 See Annex “A” attached hereto and made a part hereof, together with all other
attachments, accessories, additions, replacements and substitutions now or hereafter attached hereto and made a part thereof. 
 Equipment Location: 23400 NE Glisan Street, Gresham, Multnomah County, Oregon 97030. 
 B. Financial Terms 
  

							
	1.	  	 Advance Rent (if any): $393,053.08
	 	5.	  	 Basic Term Commencement Date: March 11, 2008

	2.	  	 Capitalized Lessor’s Cost: $22,916,250.00
	 	6.	  	 Lessee Federal Tax ID No.: 36-4292817

	3.	  	 Basic Term (No. of Months): 60 Months.
	 	7.	  	 Last Delivery Date: March 11, 2008

	4.	  	 Basic Term Lease Rate Factor: 1.715172 
	 	8.	  	 Daily Lease Rate Factor: 0.057172

 9. First Termination Date: Twenty-Four (24) months after the Basic Term Commencement
Date. 
 10. Interim Rent: For the period from and including the Lease Commencement Date to but not including the Basic Term Commencement Date
(“Interim Period”), Lessee shall pay as rent (“Interim Rent”) for each unit of Equipment, the product of the Daily Lease Rate Factor times the Capitalized Lessor’s Cost of such unit times the number of days in
the Interim Period. Interim Rent shall NOT BE APPLICABLE. 
 11. Basic Term Rent. Commencing on March 11, 2008 and on the same day
of each month thereafter (each, a “Rent Payment Date”) during the Basic Term, Lessee shall pay as rent (“Basic Term Rent”) the product of the Basic Term Lease Rate Factor times the Capitalized Lessor’s Cost of
all Equipment on this Schedule. Each payment of Basis Term Rent shall be allocated to and shall accrue for the use of the Equipment for the monthly period beginning on such Rent Payment Date. 
 C. Tax Benefits Depreciation Deductions: 
 1.
Depreciation method is the 200% declining balance method, switching to straight-line method for the 1st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger
allowance. 
 2. Recovery Period: 5 years. 
 3. Basis: 100 % of the Capitalized Lessor’s Cost. 
  

			
	 Schedule No. 003 to Lease Agreement Dated November 7, 2006
	  	1

 4. Gross Taxable Income: Only (A) Basic Rent in the amounts and no earlier than at the times such
payments are accrued and (B) any gain realized by Lessor on the sale or other disposition of the Equipment at the time of such sale. 
 D. Property
Tax 
 APPLICABLE TO EQUIPMENT LOCATED IN OREGON: Lessee agrees that it will not list any of such Equipment for property tax
purposes or report any property tax assessed against such Equipment until otherwise directed in writing by Lessor. Upon receipt of any property tax bill pertaining to such Equipment from the appropriate taxing authority, Lessor will pay such tax and
will invoice Lessee for the expense. Upon receipt of such invoice, Lessee will promptly reimburse Lessor for such expense. 
 Lessor may
notify Lessee (and Lessee agrees to follow such notification) regarding any changes in property tax reporting and payment responsibilities. 
 E. Article
2A Notice 
 Intentionally Omitted. 
 F.
Stipulated Loss and Termination Value Table* 
  

															
	Date	  	Rental
Basic	  	Termination
Value	  	Stipulated
Loss Value	  	Date	  	Rental
Basic	  	Termination
Value	  	Stipulated
Loss Value
	3/30/2008	  	1	  	103.442	  	107.414	  	9/30/2010	  	31	  	67.877	  	71.371
	4/30/2008	  	2	  	102.365	  	106.320	  	10/30/2010	  	32	  	66.495	  	69.973
	5/30/2008	  	3	  	101.277	  	105.215	  	11/30/2010	  	33	  	65.104	  	68.566
	6/30/2008	  	4	  	100.178	  	104.101	  	12/30/2010	  	34	  	63.704	  	67.149
	7/30/2008	  	5	  	99.070	  	102.975	  	1/30/2011	  	35	  	62.294	  	65.723
	8/30/2008	  	6	  	97.951	  	101.841	  	2/28/2011	  	36	  	60.876	  	64.288
	9/30/2008	  	7	  	96.823	  	100.696	  	3/30/2011	  	37	  	59.447	  	62.843
	10/30/2008	  	8	  	95.684	  	99.540	  	4/30/2011	  	38	  	58.009	  	61.388
	11/30/2008	  	9	  	94.536	  	98.376	  	5/30/2011	  	39	  	56.571	  	59.934
	12/30/2008	  	10	  	93.377	  	97.201	  	6/30/2011	  	40	  	55.129	  	58.475
	1/30/2009	  	11	  	92.208	  	96.015	  	7/30/2011	  	41	  	53.680	  	57.010
	2/28/2009	  	12	  	91.030	  	94.821	  	8/30/2011	  	42	  	52.224	  	55.537
	3/30/2009	  	13	  	89.843	  	93.617	  	9/30/2011	  	43	  	50.758	  	54.055
	4/30/2009	  	14	  	88.643	  	92.401	  	10/30/2011	  	44	  	49.284	  	52.564
	5/30/2009	  	15	  	87.430	  	91.171	  	11/30/2011	  	45	  	47.803	  	51.067
	6/30/2009	  	16	  	86.204	  	89.929	  	12/30/2011	  	46	  	46.312	  	49.560
	7/30/2009	  	17	  	84.965	  	88.673	  	1/30/2012	  	47	  	44.813	  	48.044
	8/30/2009	  	18	  	83.717	  	87.409	  	2/28/2012	  	48	  	43.307	  	46.521
	9/30/2009	  	19	  	82.456	  	86.131	  	3/30/2012	  	49	  	41.790	  	44.988
	10/30/2009	  	20	  	81.182	  	84.841	  	4/30/2012	  	50	  	40.262	  	43.443
	11/30/2009	  	21	  	79.899	  	83.541	  	5/30/2012	  	51	  	38.726	  	41.891
	12/30/2009	  	22	  	78.603	  	82.229	  	6/30/2012	  	52	  	37.182	  	40.331
	1/30/2010	  	23	  	77.294	  	80.904	  	7/30/2012	  	53	  	35.630	  	38.762
	2/28/2010	  	24	  	75.976	  	79.569	  	8/30/2012	  	54	  	34.070	  	37.186
	3/30/2010	  	25	  	74.648	  	78.225	  	9/30/2012	  	55	  	32.499	  	35.599
	4/30/2010	  	26	  	73.312	  	76.872	  	10/30/2012	  	56	  	30.919	  	34.003
	5/30/2010	  	27	  	71.967	  	75.511	  	11/30/2012	  	57	  	29.332	  	32.398
	6/30/2010	  	28	  	70.613	  	74.140	  	12/30/2012	  	58	  	27.733	  	30.783
	7/30/2010	  	29	  	69.250	  	72.760	  	1/30/2013	  	59	  	26.125	  	29.158
	8/30/2010	  	30	  	67.877	  	71.371	  	2/28/2013	  	60	  	24.508	  	27.526

  

			
	 Schedule No. 003 to Lease Agreement Dated November 7, 2006
	  	2

	*	The Stipulated Loss Value or Termination Value for any unit of Equipment shall be the Capitalized Lessor’s Cost of such unit multiplied by the appropriate percentage derived
from the above table. In the event that the Lease is for any reason extended, then the last percentage figure shown above shall control throughout any such extended term. 

 G. Modifications and Additions for This Schedule Only 
 For purposes of this Schedule only, the
Agreement is amended as follows: 
 1. Section 11(a) is replaced with the following: 
 (a) Lessee shall be in default under this Agreement and under any Lease upon the occurrence of any of the following (each an “Event of
Default”, and collectively, the “Events of Default”): 
 (i) Lessee fails to pay within ten
(10) days after its due date, any Rent or any other amount due under this Agreement or any Lease; 
 (ii) Lessee breaches
any of its insurance obligations under this Agreement or any other Document (as defined in Section 16 hereof); 
 (iii)
Lessee breaches any of its other obligations under any Lease (other than those described in Section 11(a)(i) and (ii) above), and fails to cure that breach within thirty (30) days after written notice from Lessor; 
 (iv) any representation, warranty or covenant made by Lessee or ON Semiconductor Corporation (the “Guarantor”) in connection
with this Agreement or under any Lease or guaranty shall be false or misleading in any material respect; 
 (v) any Equipment
is illegally used; 
 (vi) Lessee or Guarantor becomes insolvent or ceases to do business as a going concern; 
 (vii) Guarantor revokes or attempts to revoke its obligations under its guaranty or any related document to which it is a party, or fails
to observe or perform any covenant, condition or agreement to be performed under such guaranty or other related document to which it is a party; 
 (viii) a receiver is appointed for all or of any part of the property of Lessee, or Lessee or Guarantor makes any assignment for the benefit of its creditors; 
 (ix) Lessee or Guarantor files a petition under any bankruptcy, insolvency or similar law, or in the event an involuntary petition is
filed against Lessee or Guarantor under any bankruptcy or insolvency laws and in the event of an involuntary petition, such petition is not dismissed within sixty (60) days of the filing date; 
 (x) Lessee and/or any Guarantor breaches or is in default under any agreement, in an original principal amount greater than $5,000,000, by
and between Lessor on the one hand, and Lessee and/or Guarantor (or any of their respective parent or affiliates) on the other hand; provided however that any such default under this Section 11(a)(x) is not solely related to a material adverse
change in Lessee’s financial condition; 
 (xi) There is any dissolution or termination of existence of Lessee or any
Guarantor. 
 (xii) there is any merger, consolidation, or change in controlling ownership (such event and the transactions
undertaken in connection with the event, e.g., a financing to accomplish a merger or consolidation, referred to as an “Event”) of Lessee or Guarantor wherein the long-term bank loan debt rating (or, if such rating is not then available,
it’s nearest equivalent, in either event, the “Credit Rating”) of Lessee, Guarantor, or the surviving corporation, company, or other such business entity (Lessee, Guarantor or such surviving entity referred to as the “Surviving
Company”) issued by Moody’s Investors Service (such entity and its successors, or, in the event such entity is no longer rating the Surviving Company’s debt, any other nationally recognized rating agency which is then rating the
Surviving Company’s debt, collectively referred to herein as “Moody’s”) immediately after and as a direct result of the Event (and not for other developments or unrelated actions following the Event) falls below the lowest
“B” rating (or its nearest equivalent if the rating system is hereafter modified, revised, or replaced, referred to herein as the “Minimum Rating”) by Moody’s (currently defined as “B3”); provided, however,
that, in the event the Credit Rating of the Surviving Company falls below the Minimum Rating as a direct result of the Event (for purposes of this subsection (xii) the occurrence of the Event (the “Event Date”) shall be deemed to
be the later of (a) the date upon which the Event occurs, or (b) the issuance by Moody’s of the Credit Rating), an Event of Default shall not have occurred if (a) Lessee or Guarantor, whichever is applicable, provides Lessor, on
or within 10 days after the Event Date, written notice to the effect that, if an Event occurs, it will satisfy the letter of credit provisions of clause (b) of this proviso, and (b) as soon as reasonably practicable, but in any event
within 30 days of the Event Date, Lessee or Guarantor, whichever is applicable, shall cause to be delivered to Lessor an irrevocable standby letter of credit (the “Letter of Credit”) in the 

  

			
	 Schedule No. 003 to Lease Agreement Dated November 7, 2006
	  	3

 
amount of $7,000,000, which Letter of Credit shall be in form and substance reasonably acceptable to Lessor and issued by a bank rated at least
“A2” by Moody’s; provided, further, that, if, after the Letter of Credit has been issued, the Credit Rating of the Surviving Company shall be increased to the Minimum Rating or higher, Lessor shall promptly (in any event, with
15 days) return the Letter of Credit to Lessee or Guarantor, whichever is applicable, for cancellation; 
 (xiii) Lessee or
any Guarantor sells or leases all, or substantially all, of its assets; 
 (xiv) there is a material adverse change in
Lessee’s or Guarantor’s financial condition; 
 (xv) Lessee defaults under any contract or obligation requiring the
payment of money in an original principal amount greater than $5,000,000; or 
 (xvi) an event of default occurs under
Guarantor’s guaranty. 
 The default declaration shall apply to all Schedules unless specifically excepted by Lessor.

 2. In Section 11(b)(ix), replace “Lessee (or any of their respective affiliates or parent entities)” with “Lessee
and/or Guarantor (or any of their respective affiliates or parent entities)”. 
 3. In Section 14(a), second paragraph, replace
subsection (iv) with the following: “(iv) any actions brought against any Indemnitee that arise out of Lessee’s or any Guarantor’s actions or omissions (or actions or omissions of Lessee’s or Guarantor’s agents);”

 4. ACCEPTANCE 
 Pursuant to the provisions of the Lease, as it relates to this Schedule, Lessee hereby certifies and warrants that (i) all Equipment listed above is installed; (ii) Lessee has inspected the Equipment, and all such testing as it
deems necessary has been performed by Lessee, Supplier or the manufacturer; and (iii) Lessee accepts the Equipment for all purposes of the Lease, the purchase documents and all attendant documents. 
 Lessee does further certify that as of the date hereof (i) Lessee is not in default under the Lease; (ii) the representations
and warranties made by Lessee pursuant to or under the Lease are true and correct in all material respects on the date hereof and (iii) Lessee has reviewed and approves of the purchase documents for the Equipment, if any. 
 5. EQUIPMENT SPECIFIC PROVISIONS 
 Each reference contained in this Agreement to: 
 (a) “Adverse Environmental
Condition” shall refer to, so long as the Equipment is in the control of Lessee, (i) the existence or the continuation of the existence, of an Environmental Emission (including, without limitation, a sudden or non-sudden accidental or
non-accidental Environmental Emission), of, or exposure to, any substance, chemical, material, pollutant, Contaminant, odor or audible noise or other release or emission in, into or onto the environment (including, without limitation, the air,
ground, water or any surface) at, in, by, from or related to any Equipment, (ii) the environmental aspect of the transportation, storage, treatment or disposal of materials in connection with the operation of any Equipment or (iii) the
violation, or alleged violation of any statutes, ordinances, orders, rules regulations, permits or licenses of, by or from any governmental authority, agency or court relating to Environmental Law connected with any Equipment. 
 (b) “Affiliate” shall refer, with respect to any given Person, to any Person that directly or indirectly through one or more
intermediaries, controls, or is controlled by, or is under common control with, such Person. 
 (c) “Contaminant”
shall refer to those substances that are regulated by or form the basis of liability under any Environmental Law, including, without limitation, asbestos, polychlorinated biphenyls (“PCBs”), and radioactive substances, or other material or
substance that has in the past or could in the future constitute a health, safety or environmental hazard to any Person, property or natural resources. 
 (d) “Environmental Claim” shall refer to any accusation, allegation, notice of violation, claim, demand, abatement or other order on direction (conditional or otherwise) by any governmental authority or any
Person for personal injury (including sickness, disease or death), tangible or intangible property damage, damage to the environment or other adverse effects on the environment, or for fines, penalties or restrictions, resulting from or based upon
any Adverse Environmental Condition. 
 (e) “Environmental Emission” shall refer to any actual or threatened
release, spill, emission, leaking, pumping, injection, deposit, 

  

			
	 Schedule No. 003 to Lease Agreement Dated November 7, 2006
	  	4

 
disposal, discharge, dispersal, leaching or migration into the indoor or outdoor environment, or into or out of any of the Equipment, including, without
limitation, the movement of any Contaminant or other substance through or in the air, soil, surface water, groundwater or property. 
 (f) “Environmental Law” shall mean any federal, foreign, state or local law, rule or regulation pertaining to the protection of the environment, including, but not limited to, the Comprehensive Environmental Response, Compensation
and Liability Act (“CERCLA”) (42 U.S.C. Section 9601 et seq.), the Hazardous Material Transportation Act (49 U.S.C. Section 1801 et seq.), the Federal Water Pollution Control Act (33 U.S.C. Section 1251 et seq.), the
Resource Conservation and Recovery Act (42 U.S.C. Section 6901 et seq.), the Clean Air Act (42 U.S.C. Section 7401 et seq.), the Toxic Substances Control Act (15 U.S.C. Section 2601 et seq .), the Federal Insecticide, Fungicide, and
Rodenticide Act (7 U.S.C. Section 1361 et seq.), and the Occupational Safety and Health Act (19 U.S.C. Section 651 et seq.), as these laws have been amended or supplemented, and any analogous foreign, federal, state or local statutes, and
the regulations promulgated pursuant thereto. 
 (g) “Environmental Loss” shall mean any loss, cost, damage,
liability, deficiency, fine, penalty or expense (including, without limitation, reasonable attorneys’ fees, engineering and other professional or expert fees), investigation, removal, cleanup and remedial costs (voluntarily or involuntarily
incurred) arising out of or related to any Environmental Claim. 
 (h) “Person” shall include any individual,
partnership, corporation, trust, unincorporated organization, government or department or agency thereof and any other entity. 
 Lessee shall
fully and promptly pay, perform, discharge, defend, indemnify and hold harmless Lessor and its Affiliates, successors and assigns, directors, officers, employees and agents from and against any Environmental Claim or Environmental Loss. 

The provisions of this Schedule shall survive any expiration or termination of the Lease and shall be enforceable by Lessor, its successors and
assigns. 
 6. EARLY PURCHASE OPTION 
 (a) Provided that the Lease has not been earlier terminated and provided further that Lessee is not in default under the Lease or any other agreement between Lessor and Lessee, Lessee may, UPON AT LEAST THIRTY
(30) DAYS BUT NO MORE THAN ONE HUNDRED EIGHTY (180) DAYS PRIOR WRITTEN NOTICE TO LESSOR OF LESSEE’S IRREVOCABLE ELECTION TO EXERCISE SUCH OPTION, purchase on an AS IS BASIS all (but not less than all) of the Equipment listed and
described in this Schedule on the Rent Payment Date (the “Early Purchase Date”) which is Forty-Two (42) months from the Basic Term Commencement Date for a price equal to $10,585,482.10 (the “FMV Early Option
Price”), plus all applicable sales taxes. 
 Lessor and Lessee agree that the FMV Early Option Price is a reasonable
prediction of the Fair Market Value (as such term is defined in the END OF LEASE PURCHASE OPTION Section subsection (b) of the Lease hereof) of the Equipment at the time the option is exercisable. Lessor and Lessee agree that if Lessee makes
any non-severable improvement to the Equipment which increases the value of the Equipment an is not required or permitted by the MAINTENANCE Section of the RETURN OF EQUIPMENT Section of the Lease prior to lease expiration, then at the time such
option being exercised, Lessor and Lessee shall increase the purchase price to reflect any addition to the price anticipated to result from such improvement. (The purchase option granted by this subsection shall be referred to herein as the
“Early Purchase Option”.) 
 (b) If Lessee exercises its Early Purchase Option with respect to the Equipment leased
hereunder, then on the Early Purchase Option Date, Lessee shall pay to Lessor any Rent and other sums due and unpaid on the Early Purchase Option Date and Lessee shall pay the FMV Early Option Price, plus all applicable sales taxes, to Lessor in
cash. 
 Except as expressly modified hereby, all terms and provision of the Agreement shall remain in full force and effect.
This Schedule is not binding or effective with respect to the Agreement or Equipment until executed on behalf of Lessor and Lessee by authorized representatives of Lessor and Lessee, respectively. 
 (Signature Page Follows) 
  

			
	 Schedule No. 003 to Lease Agreement Dated November 7, 2006
	  	5

 IN WITNESS WHEREOF, Lessee and Lessor have caused this Schedule to be executed by their duly authorized
representatives as of the date first above written. 
  

									
	LESSOR:	 		 	LESSEE:
	General Electric Capital Corporation	 		 	Semiconductor Components Industries, LLC
					
	By:	 	/s/ James C. Shelly	 		 	By:	 	/s/ Keith D. Jackson
	Name:	 	James C. Shelly	 		 	Name:	 	Keith D. Jackson
	Title:	 	SVP & CRO	 		 	Title:	 	President and Chief Executive Officer

  

			
	 Schedule No. 003 to Lease Agreement Dated November 7, 2006
	  	6

 ANNEX A 
 TO 
 SCHEDULE NO. 003 
 TO LEASE AGREEMENT 
 DATED AS OF NOVEMBER 7, 2006 
 DESCRIPTION OF EQUIPMENT 
  

																
	Asset
ID	  	 Tool ID
	  	 Make
	  	 Model
	  	 Description
	  	 Vintage
	  	 S/N
	  	Capitalized
Lessor’s Cost
	0001	  	MET19602	  	Applied Materials	  	Endura 5500	  	Deposition PV-Sputtering	  	2000	  	305431	  	$	945,000.00
	0002	  	MET19603	  	Applied Materials	  	Endura 5500	  	Deposition PV-Sputtering	  	2000	  	319063	  	$	945,000.00
	0003	  	STP18604	  	ASML	  	750	  	Lithography Deep UV	  	2000	  	6321	  	$	2,940,000.00
	0004	  	STP25601 B	  	ASML	  	5500/1150C	  	Wafer Fabrication Lithography	  	2006	  	9718	  	$	3,990,000.00
	0005	  	STP18602	  	ASML	  	700C	  	Lithography Deep UV	  	2000	  	7186	  	$	2,520,000.00
	0006	  	STP18603	  	ASML	  	700C	  	Lithography Deep UV	  	2000	  	6589	  	$	2,520,000.00
	0007	  	ETH21610	  	LRC	  	9600 2x2 PTX	  	Etching Dry	  	1997	  	8421 TM strip 100, 96-69, 96-105, strip 60	  	$	525,000.00
	0008	  	ETH21611	  	LRC	  	9600 2x2 PTX	  	Etching Dry	  	1997	  	8431 TM strip 122, 96-79, 96-68A, strip 76	  	$	525,000.00
	0009	  	ETH21603	  	LRC	  	A6 4520 XL	  	Etching Dry	  	1997	  	8428 TM 45XL- 186, 45XL-377, 45XL-1213, 45XL-60	  	$	498,750.00
	0010	  	ETH21604	  	LRC	  	A6 4520XL	  	Etching Dry	  	1997	  	8433 TM 45XL-114, 45XL-62, 45XL-61	  	$	498,750.00
	0011	  	ETH21606	  	LRC	  	A6 4520XL	  	Etching Dry	  	1997	  	8346 TM 45XL-90 45XL-59, 45XL-42	  	$	498,750.00
	0012	  	ETH21601	  	LRC	  	A6 9400 PTX	  	Etching Dry	  	1997	  	8427 TM 94-496, 94-279, 94-670, 94-732	  	$	630,000.00
	0013	  	CED11605	  	Novellus	  	C2 Dual Altus	  	Deposition CVD	  	2000	  	00-49-C26148	  	$	630,000.00
	0014	  	CED11606	  	Novellus	  	C2 Dual Altus	  	Deposition CVD	  	2000	  	00-24-C26104	  	$	630,000.00
	0015	  	CED08601	  	Novellus	  	C2 Dual Sequel	  	Deposition CVD	  	1997	  	97-24-5394	  	$	630,000.00
	0016	  	CED08602	  	Novellus	  	C2 Dual Sequel	  	Deposition CVD	  	1997	  	97-35-5377	  	$	630,000.00
	0017	  	CED09601	  	Novellus	  	C2 Dual Speed/ Sequel	  	Deposition CVD	  	1997	  	97-26-5341	  	$	525,000.00
	0018	  	CED09604	  	Novellus	  	C2 Dual Speed/ Sequel	  	Deposition CVD	  	1997	  	97-36-5383	  	$	525,000.00
	0019	  	CED07602	  	Novellus	  	C2 Single Sequel	  	Deposition CVD	  	1997	  	97-24-5338	  	$	367,500.00
	0020	  	TRK04603	  	TEL	  	Act 8	  	Resist Processing Cluster Tool	  	2000	  	9201708	  	$	446,250.00
	0021	  	TRK08601	  	TEL	  	Act 8	  	Resist Processing Cluster Tool	  	2000	  	9201106	  	$	446,250.00
	0022	  	TRK04602	  	TEL	  	Act 8	  	Resist Processing Cluster Tool	  	2000	  	9201117	  	$	525,000.00
	0023	  	TRK04604	  	TEL	  	Act 8	  	Resist Processing Cluster Tool	  	2000	  	9201119	  	$	525,000.00
		  		  		  		  		  		  	 TOTAL:
	  	$	22,916,250.00

 Initials: 
  

									
					
	Lessor:	 	JS	 		 	Lessee:	 	KJ

  

			
	 Schedule No. 003 to Lease Agreement Dated November 7, 2006
	  	7Corporate Guaranty of ON Semiconductor Corp

 Exhibit No. 10.6 
 CORPORATE GUARANTY 
 Date: March 11, 2008 
 General Electric Capital Corporation 
 4225 Executive Square, Suite 800

 La Jolla, CA 92037 
 To induce you, but not
bind you, to enter into Schedule Nos. 002 and 003, each dated on or about March 11, 2008, to that certain Lease Agreement dated as of November 7, 2006 (the “2006 Lease”) between you and Semiconductor Components Industries, LLC, a
Delaware limited liability company (“Customer”), which is a wholly owned subsidiary of the undersigned, (Schedule Nos. 002 and 003, together with the 2006 Lease only insofar as it relates to Schedule Nos. 002 and 003, and any other
documents relating to Schedule Nos. 002 and 003 are hereinafter referred to collectively as the “Account Documents” and each an “Account Document”) the undersigned, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, does hereby guarantee to you, your successors and permitted assigns, the due regular and punctual payment of any sum or sums of money which the Customer may owe to you now or at any time hereafter pursuant to the
Account Documents, whether it represents principal, interest, rent, late charges, indemnities, an original balance, an accelerated balance, liquidated damages, a balance reduced by partial payment, a deficiency after sale or other disposition of any
leased equipment, collateral or security, or any other type of sum of any kind whatsoever that the Customer may owe to you now or at any time hereafter pursuant to the Account Documents, and does hereby further guarantee to you, your successors and
permitted assigns, the due, regular and punctual performance of any other duty or obligation of any kind or character whatsoever that the Customer may owe to you now or at any time hereafter pursuant to the Account Documents (all such payment and
performance obligations being collectively referred to as “Obligations”). For the avoidance of doubt, this Guaranty in no way relates to Customer’s obligations under that certain Schedule No. 001 dated as of November 7, 2006
to the 2006 Lease, and to the extent that Customer makes any payment under the 2006 Lease, such payment shall be presumed to be in respect of the Account Documents, absent evidence to the contrary. Undersigned does hereby further guarantee to pay
upon demand all losses, costs, attorneys’ fees and expenses which may be suffered by you by reason of Customer's default under the Account Documents or default of the undersigned under this Guaranty. As used in this Guaranty, “you”
shall mean General Electric Capital Corporation and all its subsidiaries. 
 Notwithstanding anything to the contrary contained herein,
the maximum liability of the undersigned pursuant to this Guaranty shall be an amount equal to the sum of (i) the aggregate amount of Rent (as such term is defined in the Account Documents) that is past due and unpaid under the Account
Documents as of the date you demand payment from the undersigned pursuant to this Guaranty, (ii) the aggregate Stipulated Loss Value (as such term is defined in the Account Documents) of all units of Equipment leased pursuant to the Account
Documents calculated as of the date you demand payment from the undersigned pursuant to this Guaranty, plus (iii) all reasonable attorneys’ fees and expenses incurred by you by reason of the undersigned’s breach of its obligations
under this Guaranty. 
 This Guaranty is a guaranty of prompt payment and performance (and not merely a guaranty of collection). Nothing
herein shall require you to first seek or exhaust any remedy against the Customer, its successors and assigns, or any other person obligated with respect to the Obligations, or to first foreclose, exhaust or otherwise proceed against any leased
equipment, collateral or security which may be given in connection with the Obligations. It is agreed that you may, upon any breach or default of the Customer, or at any time thereafter, make demand upon the undersigned and receive payment and
performance of the Obligations, with or without notice or demand for payment or performance by the Customer, its successors or assigns, or any other person. Suit may be brought and maintained against the undersigned, at your election, without
joinder of the Customer or any other person as parties thereto. To the extent that there is more than one signatory to this Guaranty, the obligations of each such signatory to the Guaranty, and each other guarantor (if any) of the Obligations, shall
be joint and several. 
 The undersigned agrees that its obligations under this Guaranty shall be primary, absolute, continuing and
unconditional, irrespective of and unaffected by any of the following actions or circumstances (regardless of any notice to or consent of the undersigned): (a) the genuineness, validity, regularity and enforceability of the Account Documents or
any other document; (b) any extension, renewal, amendment, change, waiver or other modification of the Account Documents or any other document; (c) the absence of, or delay in, any action to enforce the Account Documents, this Guaranty or
any other document; (d) your failure or delay in obtaining any other guaranty of the Obligations (including, without limitation, your failure to obtain the signature of any other guarantor hereunder); (e) the release of, extension of time
for payment or performance 

  

 1 

 
by, or any other indulgence granted to the Customer or any other person with respect to the Obligations by operation of law or otherwise; (f) the
existence, value, condition, loss, subordination or release (with or without substitution) of, or failure to have title to or perfect and maintain a security interest in, or the time, place and manner of any sale or other disposition of any leased
equipment, collateral or security given in connection with the Obligations, or any other impairment (whether intentional or negligent, by operation of law or otherwise) of the rights of the undersigned; (g) the Customer’s voluntary or
involuntary bankruptcy, assignment for the benefit of creditors, reorganization, or similar proceedings affecting the Customer or any of its assets; or (h) any other action or circumstances which might otherwise constitute a legal or equitable
discharge or defense of a surety or guarantor. Notwithstanding the forgoing, the undersigned expressly reserves the right to assert as a defense Lessee’s payment or performance of the Obligations. 
 This Guaranty, the Account Documents and the Obligations may be assigned by you, without the consent of the Undersigned, provided such assignment is
effected pursuant to the terms of the Account Documents. The Undersigned agrees that if it receives written notice of an assignment from you, the Undersigned will pay all amounts due hereunder to such assignee or as instructed by you. The
Undersigned also agrees to confirm in writing receipt of the notice of assignment as may be reasonably requested by assignee. The Undersigned hereby waives and agrees not to assert against any such assignee any of the defenses set forth in the
immediate preceding paragraph. 
 This Guaranty may be terminated upon delivery to you (at your address shown above) of a written termination
notice from the undersigned. However, as to all Obligations (whether matured, unmatured, absolute, contingent or otherwise) incurred by the Customer prior to your receipt of such written termination notice (and regardless of any subsequent
amendment, extension or other modification which may be made with respect to such Obligations), this Guaranty shall nevertheless continue and remain undischarged until all such Obligations are indefeasibly paid and performed in full. 
 The undersigned agrees that this Guaranty shall remain in full force and effect or be reinstated (as the case may be) if at any time payment or
performance of any of the Obligations (or any part thereof) is rescinded, reduced or must otherwise be restored or returned by you, all as though such payment or performance had not been made. If, by reason of any bankruptcy, insolvency or similar
laws effecting the rights of creditors, you shall be prohibited from exercising any of your rights or remedies against the Customer or any other person or against any property, then, as between you and the undersigned, such prohibition shall be of
no force and effect, and you shall have the right to make demand upon, and receive payment from, the undersigned of all amounts and other sums that would be due to you upon a default with respect to the Obligations. 
 Notice of acceptance of this Guaranty and of any default by the Customer or any other person is hereby waived. Presentment, protest demand, and notice of
protest, demand and dishonor of any of the Obligations, and the exercise of possessory, collection or other remedies for the Obligations, are hereby waived. The undersigned warrants that it has adequate means to obtain from the Customer on a
continuing basis financial data and other information regarding the Customer and is not relying upon you to provide any such data or other information. Without limiting the foregoing, notice of adverse change in the Customer’s financial
condition or of any other fact which might materially increase the risk of the undersigned is also waived. All settlements, compromises, accounts stated and agreed balances made in good faith between the Customer, its successors or assigns, and you
shall be binding upon and shall not affect the liability of the undersigned. 
 Payment of all amounts now or hereafter owed to the
undersigned by the Customer for any of the Obligations is hereby subordinated in right of payment to the indefeasible payment in full to you of all Obligations and is hereby assigned to you as a security therefor. The undersigned hereby irrevocably
and unconditionally waives and relinquishes all statutory, contractual, common law, equitable and all other claims against the Customer for any of the Obligations, any collateral therefor, or any other assets of the Customer, for subrogation,
reimbursement, exoneration, contribution, indemnification, setoff or other recourse in respect of sums paid or payable to you by the undersigned hereunder, and the undersigned hereby further irrevocably and unconditionally waives and relinquishes
any and all other benefits which it might otherwise directly or indirectly receive or be entitled to receive by reason of any amounts paid by, or collected or due from, it, the Customer for any of the Obligations, or realized from any of their
respective assets. 
 THE UNDERSIGNED HEREBY UNCONDITIONALLY WAIVES ITS RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR
ARISING OUT OF, DIRECTLY OR INDIRECTLY, THIS GUARANTY, THE OBLIGATIONS GUARANTEED HEREBY, ANY OF THE RELATED DOCUMENTS, ANY DEALINGS BETWEEN US RELATING TO THE SUBJECT MATTER HEREOF OR THEREOF, AND/OR THE RELATIONSHIP THAT IS BEING ESTABLISHED
BETWEEN US. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT (INCLUDING, WITHOUT LIMITATION, CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND
STATUTORY CLAIMS). THIS WAIVER IS IRREVOCABLE MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS 

  

 2 

 
TO THIS GUARANTY, THE OBLIGATIONS GUARANTEED HEREBY, OR ANY RELATED DOCUMENTS. IN THE EVENT OF LITIGATION, THIS GUARANTY MAY BE FILED AS A WRITTEN CONSENT TO
A TRIAL BY THE COURT. 
 As used in this Guaranty, the word “person” shall include any individual, corporation, partnership, joint
venture, association, joint-stock company, trust, unincorporated organization, or any government or any political subdivision thereof. 
 This Guaranty is intended by the parties as a final expression of the guaranty of the undersigned and is also intended as a complete and exclusive statement of the terms thereof. No course of dealing, course of performance or trade usage,
nor any paid evidence of any kind, shall be used to supplement or modify any of the terms hereof. Nor are there any conditions to the full effectiveness of this Guaranty. This Guaranty and each of its provisions may only be waived, modified, varied,
released, terminated or surrendered, in whole or in part, by a duly authorized written instrument signed by you. No failure by you to exercise your rights hereunder shall give rise to any estoppel against you, or excuse the undersigned from
performing hereunder. Your waiver of any right to demand performance hereunder shall not be a waiver of any subsequent or other right to demand performance hereunder. 
 This Guaranty shall be governed by, or construed in accordance with, the laws of the State of Connecticut. This Guaranty shall bind the undersigned’s successors and assigns and the benefits thereof shall extend
to and include your successors and permitted assigns. Except to the extent provided under the 2006 Lease or made available on the Securities and Exchange Commission’s EDGAR website, (a) the undersigned will deliver to you its complete
financial statements, certified by a recognized firm of certified public accountants, within ninety (90) days of the close of each fiscal year of the undersigned; (b) if you request, the undersigned will deliver to you copies of its
quarterly financial reports certified by its chief financial officer, within ninety (90) days after the close of each fiscal quarter of the undersigned and copies of its most current tax returns; and (c) undersigned will deliver to you
copies of all Forms 10-K and 10-Q, if any, within 30 days after the dates on which they are filed with the Securities and Exchange Commission. In addition, in the event of default hereunder, you may at any time inspect undersigned's records upon
reasonable advance notice. The undersigned represents, warrants and covenants that all financial statements made available or delivered to you in connection with this Guaranty have been (and will be) prepared in accordance with generally accepted
accounting principles, and since the date of the most recent financial statements or other financial information delivered to you, there has been no material adverse change in the undersigned’s financial condition. 
 It shall be an event of default under this Guaranty if the undersigned is not in compliance with the “Secured Leverage Ratio” covenant included
in the undersigned’s Principal Credit Agreement (as such term and related terms are defined herein); provided that there shall be no default under this Guaranty to the extent that such noncompliance is waived or subject of a forbearance under
the terms of the Principal Credit Agreement and you are paid a proportionate share of any fee or other compensation paid by or on behalf of the undersigned in connection with or consideration of such waiver or forbearance. For purposes of this
provision, “Principal Credit Agreement” shall mean that certain Amended and Restated Credit Agreement dated as of March 6, 2007, between the undersigned, Customer, the Lenders party thereto, and JPMorgan Chase Bank, N.A., as
Administrative Agent, as such agreement may be amended or modified from time to time or, if terminated, replaced by any subsequent principal credit agreement that the undersigned files as an exhibit to any current or periodic report filed with the
Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934. 
 The undersigned hereby represents and warrants to you
as of the date hereof that (i) the undersigned’s execution, delivery and performance hereof does not and will not violate any judgment, order or law applicable to the undersigned, or constitute a breach of or default under any indenture,
mortgage, deed of trust, or other agreement entered into by the undersigned with the undersigned’s creditors or any other party; (ii) no approval, consent or withholding of objections is required from any governmental authority or any
other entity with respect to the execution, delivery and performance by the undersigned of this Guaranty; (iii) this Guaranty constitutes a valid, legal and binding obligation of the undersigned, enforceable in accordance with its terms,
subject to general principles of equity, regardless of whether enforcement is sought in a proceeding in equity or at law, and to bankruptcy, reorganization, insolvency, fraudulent conveyance, moratorium, receivership or other similar laws relating
to or affecting creditors’ rights generally; (iv) there are no proceedings presently pending or threatened against the undersigned which will impair its ability to perform under this Guaranty; (v) since the date of the
undersigned’s most recent financial statement, there has been no material adverse change in the financial condition of the undersigned; and (vi) the undersigned is and will remain in full compliance with all laws and regulations applicable
to it including, without limitation, it neither is nor shall be (Y) listed on the Specially Designated Nationals and Blocked Person List maintained by the Office of Foreign Assets Control (“OFAC”), Department of the Treasury,
and/or any other similar lists maintained by OFAC pursuant to any authorizing statute, Executive Order or regulation or (Z) a person designated under Section 1(b), (c) or (d) of Executive Order No. 13224 (September 23,
2001), any related enabling legislation or any other similar Executive Orders. 
 If any provisions of this Guaranty are in conflict with any
applicable statute, rule or law, then such provisions shall be deemed null and void to the extent that they may conflict therewith, but without invalidating any other provisions hereof. 
  

 3 

 THE UNDERSIGNED IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS LOCATED
IN THE STATE OF CONNECTICUT TO HEAR AND DETERMINE ANY SUIT, ACTION OR PROCEEDING AND TO SETTLE ANY DISPUTES, WHICH MAY ARISE OUT OF OR IN CONNECTION HEREWITH AND WITH THE ACCOUNT DOCUMENTS (COLLECTIVELY, THE “PROCEEDINGS”), AND THE
UNDERSIGNED FURTHER IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO REMOVE ANY SUCH PROCEEDINGS FROM ANY SUCH COURT (EVEN IF REMOVAL IS SOUGHT TO ANOTHER OF THE ABOVE-NAMED COURTS). THE UNDERSIGNED IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MIGHT NOW OR
HEREAFTER HAVE TO THE ABOVE-NAMED COURTS BEING NOMINATED AS THE EXCLUSIVE FORUM TO HEAR AND DETERMINE ANY SUCH PROCEEDINGS AND AGREES NOT TO CLAIM THAT IT IS NOT PERSONALLY SUBJECT TO THE JURISDICTION OF THE ABOVE-NAMED COURTS FOR ANY REASON
WHATSOEVER, THAT IT OR ITS PROPERTY IS IMMUNE FROM LEGAL PROCESS FOR ANY REASON WHATSOEVER, THAT ANY SUCH COURT IS NOT A CONVENIENT OR APPROPRIATE FORUM IN EACH CASE WHETHER ON THE GROUNDS OF VENUE OR FORUM NON-CONVENIENS OR OTHERWISE. THE
UNDERSIGNED ACKNOWLEDGES THAT BRINGING ANY SUCH SUIT, ACTION OR PROCEEDING IN ANY COURT OTHER THAN THE COURTS SET FORTH ABOVE WILL CAUSE IRREPARABLE HARM TO YOU WHICH COULD NOT ADEQUATELY BE COMPENSATED BY MONETARY DAMAGES, AND, AS SUCH, THE
UNDERSIGNED AGREES THAT, IN ADDITION TO ANY OF THE REMEDIES TO WHICH YOU MAY BE ENTITLED AT LAW OR IN EQUITY, YOU WILL BE ENTITLED TO AN INJUNCTION OR INJUNCTIONS (WITHOUT THE POSTING OF ANY BOND AND WITHOUT PROOF OF ACTUAL DAMAGES) TO ENJOIN THE
PROSECUTION OF ANY SUCH PROCEEDINGS IN ANY OTHER COURT. Notwithstanding the foregoing, you and the undersigned shall have the right to apply to a court of competent jurisdiction in the United States of America or abroad for equitable relief as is
necessary to preserve, protect and enforce its respective rights under this Guaranty and the Account Documents, including, but not limited to orders of attachment or injunction necessary to maintain the status quo pending litigation or to enforce
judgments against the undersigned, the Customer or the collateral pledged to you pursuant to any Account Document or to gain possession of such collateral. 
 Each signatory on behalf of a corporate guarantor warrants that he had authority to sign on behalf of such corporation and by so signing, to bind said guarantor corporation hereunder. 
 IN WITNESS WHEREOF, this Guaranty is executed the day and year above written. 
  

									
		 		 		 		 	 ON Semiconductor Corporation,
 A Delaware
corporation

					
	 	 	 	 	 	 	 	 	/s/ Keith D. Jackson
		 		 		 		 	(Signature) Keith D. Jackson
					
		 		 		 		 	Title: President and Chief Executive Officer
		 		 		 		 	(Officer’s Title)
					
		 		 		 		 	Federal Tax ID: 36-3840979
					
	ATTEST:	 	/s/ Judith A. Boyle	 		 		 	Assistant Secretary of ON Semiconductor Corporation
				
	Accepted as of this 11th day of March, 2008:	 		 		 	
					
		 	General Electric Capital Corporation	 		 		 	
					
		 	/s/ James C. Shelly	 		 		 	
		 	(Signature) James C. Shelly	 		 		 	
					
		 	Title: SVP & CRO	 		 		 	
		 	(Officer’s Title)	 		 		 	

  

 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]