Document:

Exhibit 4.2

 

AGREEMENT OF SUBSTITUTION AND AMENDMENT OF

PREFERRED SHARES RIGHTS AGREEMENT

 

This Agreement

of Substitution and Amendment (this “Agreement”)is entered into as of January

13, 2003 by and between Cymer, Inc., a Nevada corporation (the “Company”) and

American Stock Transfer and Trust Company, a New York banking corporation

(“AST”).  Captitalized terms used herein

but not otherwise defined shall have the meaning given to such terms in the

Rights Agreement (defined below).

RECITALS

 

A.                                   On

or about February 13, 1998, the Company entered into a Preferred Shares Rights

Agreements (the “Rights Agreement”) with ChaseMellon Shareholder Services,

L.L.C. (the “Predecessor Agent”) as Rights Agent.

 

B.                                     The Company wishes to remove the Predecessor Agent

and substitute AST as Rights Agent pursuant to Section 21 of the Rights

Agreement.

 

C.                                     The Company has given the Predecessor Agent notice

of removal of the Predecessor Agent as Rights Agent in accordance with the

terms of Section 21 of the Rights Agreement.

 

D.                                    The Company wishes to amend Section 21 of the Rights

Agreement to provide that any successor Rights Agent shall, at the time of its

appointment as rights agent, have a combined capital and surplus of at least

$10 million, rather than $50 million.

 

AGREEMENT

 

NOW THEREFORE, in consideration of the foregoing and of other good

and valuable consideration, the sufficiency of which is hereby acknowledged,

the parties agree as follows:

 

1.                                       Clause (i) of the fifth sentence of Section 21 of

the Rights Agreement is hereby amended and restated to read as follows:

 

“(i) a Person organized and doing business under the laws of the United

States or of any state of the United States, in good standing, which is subject

to supervision or examination by federal or state authority and which has at

the time of its appointment as Rights Agent a combined capital and surplus of

at least $10 million or”

 

2.                                       The Company hereby appoints, effective as of January

20, 2003 (the “Effective Date”), AST as Rights Agent pursuant to Section 21 of

the 

 

 

Rights Agreement, to serve in that capacity for the consideration and

subject to all of the terms and conditions of the Rights Agreement, as amended

hereby.

 

3.                                       AST hereby accepts the appointment as Rights Agent

pursuant to Section 21 of the Rights Agreement and agrees to serve in that

capacity for the consideration and subject to all of the terms and conditions

of the Rights Agreement, as amended hereby. 

AST hereby represents and warrants to the Company that AST is able to

serve in the capacity of Rights Agent, perform all of the duties and

responsibilities of Rights Agent and meets all the requirements of Rights Agent

as set forth in the Rights Agreement, as amended hereby.

 

4.                                       From and after the Effective Date, each and every

reference in the Rights Agreement to a “Rights Agent” shall be deemed to be a

reference to AST.

 

5.                                       Section 26 of the Rights Agreement is amended to

provide that notices or demands shall be addressed as follows (until another

address is filed in writing with the Rights Agent and the Company):

 

	

  If to the

  Company:

  	

   

  	

   

  
	

   

  	

   

  	

  Cymer, Inc.

  
	

   

  	

   

  	

  16750 Via Del

  Campo Court

  
	

   

  	

   

  	

  San Diego,

  California 92127

  
	

   

  	

   

  	

  Attention:    Nancy Baker

  
	

   

  	

   

  	

   

  
	

  with a copy to:

  	

   

  	

   

  
	

   

  	

   

  	

  Cooley Godward LLP

  
	

   

  	

   

  	

  4401 Eastgate

  Mall

  
	

   

  	

   

  	

  San Diego,

  California 92121

  
	

   

  	

   

  	

  Attention:     D. Bradley Peck, Esq.

  
	

   

  	

   

  	

   

  
	

  If to AST:

  	

   

  	

  American Stock

  Transfer & Trust Company

  
	

   

  	

   

  	

  59 Maiden Lane

  
	

   

  	

   

  	

  New York, NY  10038

  
	

   

  	

   

  	

  Attention:    Corporate Trust Department

  

 

6.                                       Except as expressly modified herein, the Right

Agreement, as amended hereby, shall remain in full force and effect.  In the event of any inconsistency between

this Agreement and the Rights Agreement, the terms of this Agreement shall

control.

 

 

7.                                       This Agreement of Substitution and Amendment may be

executed in one or more counterparts, each of which shall together constitute

one and the same document.

 

IN WITNESS WHEREOF,

the parties have caused this Agreement to be duly executed as of the date

indicated above.

 

	

   

  	

  CYMER, INC.

  
	

   

  	

   

  	

   

  
	

   

  	

  By:

  	

   

  	

  /s/ Nancy J. Baker

  
	

   

  	

  Name:  Nancy J. Baker

  
	

   

  	

  Title:  Sr. VP, CFO & Secretary

  
	

   

  	

   

  
	

   

  	

  AMERICAN STOCK

  TRANSFER &

  TRUST COMPANY

  
	

   

  	

   

  
	

   

  	

  By:

  	

   

  	

  /s/ Herbert J. Lemmer

  
	

   

  	

  Name: Herbert J.

  Lemmer

  
	

   

  	

  Title:  Vice PresidentExhibit 10.5

 

Termination

Agreement of Contract Manufacturing Agreement - Lithography Laser

 

This

Termination Agreement of the Contract Manufacturing Agreement is entered into

as of March 3, 2003, by and between Cymer, Inc., a Nevada corporation (“CYMER

USA”), with offices at 16750 Via Del Campo Ct., San Diego, CA 92127, Cymer

Japan, Inc., a Japanese corporation and a wholly-owned subsidiary of CYMER USA

(“CJI”) with offices at 4-17-8 Minamiyawata, Ichikawa-shi, Chiba 272-0023,

Japan, and Seiko Instruments Inc., a Japanese corporation (“SII”), with offices

at 8, Nakase 1-chome, Mihama-ku, Chiba 261-8507, Japan.

 

WHEREAS, CYMER

USA and SII entered into a Contract Manufacturing Agreement as of August 28,

1992 and Addendum No.1 to the Agreement on February 1, 1996 and Addendum No.2

to the Agreement on February 21, 2000 (all hereinafter the “Agreement”). SII,

CYMER USA and CJI desire to terminate the Agreement on March 31, 2003, and have

agreed, on the terms and conditions set forth in this Termination Agreement, to

terminate the Agreement as of March 31, 2003 by mutual agreement.

 

NOW THEREFORE,

in consideration of the premises, and mutual covenants contained herein, the

parties agree as follows:

 

1.     TERMINATION OF THE AGREEMENT

The parties

acknowledge, confirm and agree that:

 

1) as of March 31,

2003(“Termination Date”) the Agreement shall be terminated by mutual agreement

and, except as may be specifically provided herein, the Agreement, shall be of

no further force and effect thereafter; and

2) except as may be

specifically provided herein, each party hereby, for itself and for its past

and future agents, officers, directors, employees, shareholders, independent

contractors, and partners, and their respective successors, predecessors, heirs

and assigns, releases fully and forever after the Termination Date, the other

parties and their past and future agents, officers, directors, employees,

shareholders, independent contractors, and partners, and their respective

successors, predecessors, heirs and assigns, from any and all claims, demands,

causes of action, obligations, damages, or liabilities of any nature

whatsoever, known or unknown, suspected or unsuspected, whether fixed or

contingent, concealed or hidden, which now exist or may hereafter exist,

arising out of or in connection with the Agreement, the Addendum No.1 and the

Addendum No.2.

 

2.     Each party expressly acknowledges and agrees, that its rights

and obligations pursuant to Sections 7-10, 11.4, 12-17 and 19-23 of the

Agreement shall survive the termination of the Agreement, provided, however,

that Section 7.2 and Section 11.4 shall survive after amendment as follows:

 

2.1.  The first paragraph of Section 7.2 of the

Agreement shall be deleted in its entirety and

 

 

restated to read as follows;

Except as may be specifically

provided in the second paragraph of Section 7.2, SII shall be released from any

warranty obligations arising out of or in connection with any defects in

material and workmanship (“Defects”) of the Products after the termination of

the Agreement, including, but not limited to, in case such Defects are

attributable to SII, and CYMER USA and CJI agree to release, fully and forever

after termination of the Agreement, SII and its past and future agents,

officers, directors, employees, shareholders, independent contractors, and

partners, and their respective successors, predecessors, heirs and assigns,

from any and all claims, demands, causes of action, obligations, damages, or

liabilities of any nature whatsoever, known or unknown, suspected or unsuspected,

whether fixed or contingent, concealed or hidden, which now exist or may

hereafter exist, arising out of or in connection with such Defects.

 

2.2.  Section 11.4 shall be deleted in its entirety

and restated to read as follows;

11.4 Return of Materials.

Upon termination or expiration of this Agreement, SII shall within forty five

(45) days of such termination or expiration (a) return to CYMER all parts,

modules and subsystems held in inventory for which SII will be compensated at

cost, and all drawings, plans, designs, tooling, equipment, Test Equipment,

descriptions of processes, and all other materials related to Technical

information or Specifications as well as all materials deemed confidential

under this Agreement, or otherwise supplied to SII under this agreement,

including without limitation all tangible embodiments of the information with

respect to the CYMER Products, and all copies thereof, and notes and

documentation related thereto, if any, at CYMER’s expenses, including without

limitation, the expense of packing and transportation and (b) certify in

writing as to the compliance of this section. Notwithstanding the foregoing,

SII may keep the copies of shipment records, assembly procedure manuals,

assembly check sheets, test procedure manuals, test check sheets and other

materials in order to correspond to a product liability Claim against SII. SII

shall submit to CYMER the list of such copies. SII shall keep these copies as

confidential information for ten (10) years pursuant to Section 10.

 

3.     GOVERNING LAW

The validity,

construction, and performance of this Termination Agreement and the legal

relations among the parties to this Agreement shall be governed by and

construed in accordance with the laws of Japan, without reference to its principles

of conflicts of laws or statutory rules of arbitration. All disputes,

controversies or differences which may arise between the parties, out of or in

relation to or in connection with this Termination Agreement, or for the breach

thereof, shall be settled by negotiation in good faith between the parties as

promptly as possible. If such disputes, controversies or differences are not

settled amicably, within sixty (60) days of written notice, either party may

proceed to initiate an arbitration. The arbitration shall be held in Honolulu,

Hawaii under the commercial rules and auspices of the Asia/Pacific Center for

the Resolution of International Business Disputes (the ‘‘Center), by which each

party is hereby bound. Under such arbitration there shall be

 

 

 

three arbitrators. Each party,

within thirty (30) days after initiation of the arbitration, shall appoint one

arbitrator and instruct them, respectively, to select together the third

arbitrator; but if they cannot select the third arbitrator within sixty (60)

days after initiation of the arbitration, then the Center may appoint the third

arbitrator in accordance with its rules. The arbitrators shall apply Japanese

law to the merits of any disputes or claim, without reference to rules of

conflicts of law. The arbitral proceedings and all pleadings and written

evidence shall be in the English l language. 

Any written evidence originally in a language other than English shall

be submitted in English translation accompanied by the original or a true copy

thereof. The award rendered by the arbitrator shall be final and binding upon

the parties and may be enforced in any court of competent jurisdiction.

 

4.     ENTIRE AGREEMENT

The parties

expressly acknowledge that they have read this Termination Agreement and understand

its provisions. The parties further agree and acknowledge that they understand

that this Termination Agreement constitutes the entire agreement between them

with respect to the subject matter of this Termination Agreement, and that it

supersedes all prior proposals, agreements, negotiations, representations,

writings, and all other communications, whether written or oral, between them

with regard to the subject matter of this Termination Agreement. No

modification of waiver of any provision of this Termination Agreement shall be

effective unless it is in writing and signed by each party. This Termination

Agreement may be executed in two or more counterparts, each of which will be

deemed an original and all of which shall constitute one document.

 

 

 

IN WITNESS WHEREOF, the parties

hereto have caused this ANNULLING AGREEMENT to be executed by their authorized

representatives.

 

 

	

  CYMER, INC.;

  	

  SEIKO

  INSTRUMENTS INC.;

  
	

  a Nevada

  corporation

  	

  a Japanese

  corporation

  
	

   

  	

   

  
	

   

  	

   

  
	

  By:

  	

   /s/ Pascal Didier

  	

   

  	

  By: 

  	

  /s/ Hiroyuki

  Funamoto

  	

   

  
	

  Name

  	

  : Pascal

  Didier

  	

  Name

  	

  : Hiroyuki

  Funamoto

  
	

  Title

  	

  : President

  	

  Title

  	

  : Division

  Manager

  
	

   

  	

   

  
	

  CYMER JAPAN,

  INC.;

  	

   

  
	

  a Japanese

  Corporation

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

  By:

  	

   /s/ Pascal Didier

  	

   

  	

   

  
	

  Name

  	

  : Pascal

  Didier

  	

   

  
	

  Title

  	

  :

  Representative Director

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