Document:

Schedule No. 001

 Exhibit 10.3 
 CONFIDENTIAL 
 ELECTRONIC & TEST EQUIPMENT SCHEDULE 
 SCHEDULE NO. 001 
 DATED THIS November 7, 2006 
 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	  	Attn: General Counsel
		  	Phoenix, AZ 85008

 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 Master 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 thereto and made a part thereof. 
 Equipment Location: 23400 NE Glisan Street, Gresham, Multnomah County, Oregon, 97030 
 B. Financial Terms 
  

	 	1.	Advance Rent (if any): $985,292.15 

  

	 	2.	Capitalized Lessor’s Cost: $70,000,000.00 

  

	 	3.	Basic Term (No. of Months): 72 Months. 

  

	 	4.	Basic Term Lease Rate Factor: 1.407560% 

  

	 	5.	Lease Commencement Date: November 7, 2006 

  

	 	6.	Lessee Federal Tax ID No.: 36-4292817 

  

	 	7.	Last Delivery Date: N/A 

  

	 	8.	Daily Lease Rate Factor: .0469187% 

  

	 	9.	First Termination Date: Twenty-four (24) months after the Lease 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 be NOT
APPLICABLE. 

  

	 	11.	Basic Term Rent. Commencing on November 7, 2006 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 Basic 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. 

  

	 	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. 

 CONFIDENTIAL 
 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* 
  

																	
	 # of Base payments
	  	 Termination
Value
 % of Cost
	  	Stipulated
Loss
Value
% of cost	  	 # of Base payments
	  	 Termination
Value
 % of Cost
	  	Stipulated
Loss
Value
% of cost	  	 # of Base payments
	  	 Termination
Value
 % of Cost
	  	Stipulated
Loss
Value
% of cost
	 1
	  		  	107.472	  	25	  	79.494	  	83.488	  	49	  	51.332	  	55.329
	 2
	  		  	106.598	  	26	  	78.391	  	82.385	  	50	  	50.083	  	54.081
	 3
	  		  	105.696	  	27	  	77.280	  	81.274	  	51	  	48.829	  	52.827
	 4
	  		  	104.787	  	28	  	76.162	  	80.157	  	52	  	47.568	  	51.566
	 5
	  		  	103.871	  	29	  	75.038	  	79.032	  	53	  	46.299	  	50.297
	 6
	  		  	102.943	  	30	  	73.908	  	77.903	  	54	  	45.027	  	49.024
	 7
	  		  	102.004	  	31	  	72.773	  	76.768	  	55	  	43.750	  	47.748
	 8
	  		  	101.053	  	32	  	71.633	  	75.628	  	56	  	42.469	  	46.467
	 9
	  		  	100.091	  	33	  	70.487	  	74.482	  	57	  	41.184	  	45.183
	 10
	  		  	99.122	  	34	  	69.334	  	73.329	  	58	  	39.892	  	43.891
	 11
	  		  	98.141	  	35	  	68.176	  	72.171	  	59	  	38.596	  	42.595
	 12
	  		  	97.148	  	36	  	67.013	  	71.008	  	60	  	37.296	  	41.294
	 13
	  		  	96.148	  	37	  	65.842	  	69.838	  	61	  	36.988	  	39.987
	 14
	  		  	95.137	  	38	  	64.666	  	68.662	  	62	  	34.676	  	38.675
	 15
	  		  	94.115	  	39	  	63.485	  	67.481	  	63	  	33.359	  	37.359
	 16
	  		  	93.085	  	40	  	62.297	  	66.293	  	64	  	32.036	  	36.035
	 17
	  		  	92.049	  	41	  	61.101	  	65.098	  	65	  	30.705	  	34.704
	 18
	  		  	91.004	  	42	  	59.901	  	63.897	  	66	  	29.375	  	33.375
	 19
	  		  	89.953	  	43	  	58.694	  	62.691	  	67	  	28.047	  	32.047
	 20
	  		  	88.894	  	44	  	57.482	  	61.479	  	68	  	26.721	  	30.721
	 21
	  		  	87.827	  	45	  	56.265	  	60.262	  	69	  	25.397	  	29.396
	 22
	  		  	86.753	  	46	  	55.041	  	59.037	  	70	  	24.064	  	28.064
	 23
	  		  	85.672	  	47	  	53.810	  	57.807	  	71	  	22.734	  	26.734
	 24
	  		  	84.583	  	48	  	52.575	  	56.572	  	72	  	21.405	  	25.405

  

	*	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. 

 CONFIDENTIAL 
 G. Modifications and Additions for This Schedule Only 
 For purposes of this Schedule only, the
Agreement is amended as follows: 
 1. 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. 
 2. 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 which 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 which 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, 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. 

 CONFIDENTIAL 
 (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. 
 3. 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 30 DAYS BUT NO MORE THAN 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 sixty (60) months from the Basic Term Commencement Date for a price equal to Thirty Five
and 943357/100 percent (35.943357%) of the Capitalized Lessor’s Cost (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 and is not required or permitted by the MAINTENANCE
Section or the RETURN OF EQUIPMENT Section of the Lease prior to lease expiration, then at the time of 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 provisions 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. 
 BALANCE OF PAGE LEFT INTENTIONALLY BLANK 

 CONFIDENTIAL 
 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. SHELLEY	 		 	By:	 	/s/ DONALD A. COLVIN
	Name:	 	James C. Shelley	 		 	Name:	 	Donald A. Colvin
	Title:	 	Chief Risk Officer	 		 	Title:	 	Executive Vice President and Chief Financial Officer

 ANNEX ‘A’ 
 TO SCHEDULE NO. 001 
 TO MASTER LEASE AGREEMENT 
 DATED NOVEMBER 7, 2006 
 SEMICONDUCTOR
COMPONENTS INDUSTRIES, LLC 
  

																			
	 Item
 Number
	  	 ON-SEMI ID #
	  	 TOOL ID
	  	 Vendor
	  	 Model
	  	 Vintage
	  	 S/N
	  	 Description
	  	 Description
	  	 Capitalized Lessor’s
Cost

	 1
	  	93042300	  	CED14601	  	AMAT	  	Ultima	  	2000	  	000063 or CB63	  	CVD System	  	2 HDP Silane, 2 SiN DCVD, STI SiO2, and LI SiN	  	$1,000,000
	 2
	  	93042100	  	CED14602	  	AMAT	  	Ultima	  	2000	  	321453	  	CVD System	  	2 HDP Silane, 2 SiN DCVD, STI SiO2, and LI SiN	  	$1,000,000
	 3
	  	93041900	  	CED15601	  	AMAT	  	Ultima	  	2000	  	319216	  	CVD System	  	PSG HDP Only 1 chamber plumbed, 2nd chamber coming. Multi slot cool down chamber. Will be a 3 chamber system. Ultima Chambers. 3. Will be brought up. One orienter / aligner	  	$950,000
	 4
	  	93039100	  	CED19601	  	AMAT	  	Producer	  	2000	  	300420	  	CVD System	  	Running Trimethyl Silane, No TEOS, Twin Chambers, 2 Duals, with ASTEC Genertors. Not a Stubby Platform, running Black Diamond.	  	$750,000
	 5
	  	93038700	  	CED19602	  	AMAT	  	Producer S	  	2000	  	408857	  	CVD System	  	Stubby Platform, N2, O2 HeNF3, - ASTEC Generators on Chambers, 2ea, dual twin chambers, MethylSilane for Black Diamond.	  	$850,000
	 6
	  	93032600	  	MET01604	  	AMAT	  	Endura 5500	  	2000	  	302538	  	PVD System	  	1 Degas; 1 Reactive PC; SIP Ta; Al; SIP Cu	  	$1,050,000
	 7
	  	93032500	  	MET01605	  	AMAT	  	Endura 5500	  	1997	  	P150F / 302536	  	PVD System	  	1 Degas; 1 Reactive PC; Encore Ta; Dura Ta; Al; Encore Cu	  	$950,000
	 8
	  	93031700	  	MET16603	  	AMAT	  	Endura 5500	  	1998	  	820	  	PVD System	  	2 OD, 2PCII, 3 wb PVD, 1-Ti, 1-Co, 1-TiN	  	$950,000
	 9
	  	93031600	  	MET16604	  	AMAT	  	Endura 5500	  	1998	  	778	  	PVD System	  	2 OD, 2PCII, 4 wb PVD, 1-Ti, 1-Co, 1-TiN, 1-Ni	  	$950,000
	 10
	  	93036800	  	MET17601	  	AMAT	  	Endura 5500	  	2000	  	302536	  	PVD System	  	ChD = Vectra IMP Ti, C4 PVD Ti, Ch2 = Al, Ch1 = PVDTi wb, ChA = OD, Ch3 = Empty	  	$1,050,000
	 11
	  	93036600	  	MET17602	  	AMAT	  	Endura 5500	  	1999	  	P776	  	PVD System	  	ChC = PVD IMP Vectra Ti, Ch1 & 4 PVD Ti, Ch2 is Hot Al with cryo pos extendor for 400C Al, Ch3 is PVD Al water cooled , ChD = PVD Ti wb (all Al Chucks are ESC)	  	$1,100,000
	 12
	  	93036400	  	MET17603	  	AMAT	  	Endura 5500	  	n/a	  	P079	  	PVD System	  	HP+ Robots, ChD=PVD wb Ti, PVD Ti, Ch1&2 PVD TiN, Ch2&3 PVD Al	  	$1,050,000
	 13
	  	93036900	  	MET17606	  	AMAT	  	Endura 5500	  	n/a	  	305624	  	PVD System	  	HP+ Robots, ChD=PVD WB, PVD Ti, Ch1&2 PVD TiN, Ch2&3 PVD Al, PC2	  	$1,100,000
	 14
	  	93036700	  	MET17607	  	AMAT	  	Endura 5500	  	n/a	  	319278	  	PVD System	  	HP+ Robots, ChD=PVD wb Ti, PVD Ti, Ch1&2 PVD TiN, Ch2&3 PVD Al	  	$1,100,000
	 15
	  	93036500	  	MET17608	  	AMAT	  	Endura 5500	  	n/a	  	321529	  	PVD System	  	HP+ Robots, ChD=PVD wb Ti, PVD Ti, Ch1&2 PVD TiN, Ch2&3 PVD Al	  	$1,100,000
	 16
	  	93037100	  	MET17609	  	AMAT	  	Endura 5500	  	n/a	  	320752	  	PVD System	  	HP+ Robots, ChD=PVD wb Ti, PVD Ti, Ch1&2 PVD TiN, Ch2&3 PVD Al	  	$1,100,000
	 17
	  	93037000	  	MET17610	  	AMAT	  	Endura 5500	  	n/a	  	320783	  	PVD System	  	HP+ Robots, ChD=PVD wb Ti, PVD Ti, Ch1&2 PVD TiN, Ch2&3 PVD Al	  	$1,100,000
	 18
	  	93043100	  	MET19604	  	AMAT	  	Endura 5500	  	2001	  	321530	  	PVD System	  	2 PCII, 2 OD, Ch1= Vectra IMP Ti wb, Ch2&3 = TxZ, Pos 4 Empty, HP+ Robots	  	$1,100,000
	 19
	  	93043500	  	MET19605	  	AMAT	  	Endura 5500	  	2000	  	320751	  	PVD System	  	2 PCII, 2 OD, Ch1= Vectra IMP Ti wb, Ch2&3 = TxZ, Pos 4 Empty, HP+ Robots	  	$1,100,000
	 20
	  	93000800	  	MET19606	  	AMAT	  	Endura 5500	  	n/a	  	321765	  	PVD System	  	2 PCII, 2 OD, Ch1= Vectra IMP Ti wb, Ch2&3 = TxZ, Pos 4 has Inficon insitu Particle monitor, HP+ Robots	  	$1,100,000
	 21
	  	93033400	  	POL07601	  	AMAT	  	Mirra-Mesa	  	n/a	  	307340	  	CMP System	  		  	$800,000
	 22
	  	93032000	  	POL07603	  	AMAT	  	Mirra-Mesa	  	n/a	  	402259	  	CMP System	  		  	$800,000
	 23
	  	93012400	  	RTP05601	  	AMAT	  	Centura RTP XE+	  	n/a	  	R561	  	RTP System	  	TPCC Platform, 2 XE+ Chambers, Toxic, 2 cool down stations	  	$600,000
	 24
	  	93012600	  	RTP05602	  	AMAT	  	Centura RTP XE+	  	n/a	  	000636	  	RTP System	  	TPCC Platform, 3 XE+ Chambers, Toxic, 2 cool down stations	  	$650,000
	 25
	  	93012500	  	RTP05603	  	AMAT	  	Centura RTP XE+	  	n/a	  	317259	  	RTP System	  	TPCC Platform, 3 XE+ Chambers, Toxic, 2 cool down stations	  	$650,000
	 26
	  	93003100	  	STP18606	  	ASML	  	Converted to 750	  	03-2000	  	5266	  	Deep UV Scanner	  	Converted to 750 in 2005	  	$3,500,000
	 27
	  	93004000	  	STP18601	  	ASML	  	700C	  	12-1999	  	8592	  	Deep UV Scanner	  		  	$3,100,000
	 28
	  	93004200	  	STP18605	  	ASML	  	700C	  	04-2000	  	8912	  	Deep UV Scanner	  		  	$3,100,000
	 29
	  	93003800	  	STP19603	  	ASML	  	400C	  	02-2001	  	7272	  	I-Line Scanner	  		  	$1,250,000
	 30
	  	93001200	  	STP19604	  	ASML	  	400C	  	04-2001	  	8114	  	I-Line Scanner	  		  	$1,250,000
	 31
	  	93001000	  	STP19605	  	ASML	  	400C	  	05-2001	  	7527	  	I-Line Scanner	  		  	$1,250,000
	 32
	  	93000801	  	STP19606	  	ASML	  	400C	  	05-2001	  	7788	  	I-Line Scanner	  		  	$1,250,000
	 33
	  	93007400	  	STP19607	  	ASML	  	400C	  	07-2001	  	3848	  	I-Line Scanner	  		  	$1,250,000
	 34
	  	93007200	  	STP19608	  	ASML	  	400C	  	06-2001	  	9588	  	I-Line Scanner	  		  	$1,250,000
	 35
	  	93016000 to 93016400	  	ETH21600	  	LRC	  	Alliance A6 9400 PTX	  	2000	  	8980 TM 94-850, 94-849, 94-848, 94-260	  	Poly Etcher	  		  	$900,000
	 36
	  	93014500 to 93014900	  	ETH21602	  	LRC	  	Alliance A6 9400 PTX	  	1999	  	8807 TM 94-659, 94-658, 45XL-53, 45XL-229	  	Poly Etcher	  	2x 9400, 2x 4520 XL	  	$650,000
	 37
	  	93017700 to 93018000	  	ETH21605	  	LRC	  	Alliance A6 4520XL	  	1998	  	8619 TM 45XL-195, 45XL-89, 45XL-92	  	Dielectric Etcher	  	45XL-195 HPT upgrade	  	$575,000
	 38
	  	93019800 to 93020200	  	ETH21607	  	LRC	  	Alliance A6 Exelan	  	1999	  	8799 TM EX 021, EX 011, EX 051, 45XL-194	  	Dielectric Etcher	  		  	$575,000
	 39
	  	93019100 to 93019500	  	ETH21608	  	LRC	  	Alliance A6 Exelan	  	1999	  	8804 TM EX 18, EX 052, EX 027, EX028	  	Dielectric Etcher	  		  	$575,000
	 40
	  	93020600 to 93021000	  	ETH21609	  	LRC	  	Alliance A6 Exelan	  	2000	  	8978 TM EX 047, EX 26, EX 304, EX 263	  	Dielectric Etcher	  	EX 304 HPT upgrade	  	$575,000
	 41
	  	93023900 to 93024300	  	ETH21612	  	LRC	  	Alliance A6 9600 PTX	  	1999	  	8669 TM strip 128, 96-149, 96-159, strip 139	  	Metal Etcher	  	2x2 Config / Microwave strippers	  	$750,000
	 42
	  	93024900 to 93025300	  	ETH21613	  	LRC	  	Alliance A6 9600 PTX	  	1999	  	8857 TM strip 232, 96-240, 96-249, strip 223	  	Metal Etcher	  	2x2 Config / Microwave strippers	  	$750,000
	 43
	  	93024400 to 93024800	  	ETH21614	  	LRC	  	Alliance A6 9600 PTX	  	2000	  	80047 TM strip 339, 96-359, 96-358, strip 338	  	Metal Etcher	  	2x2 Config / Microwave strippers	  	$750,000
	 44
	  	93025400 to 93025800	  	ETH21615	  	LRC	  	Alliance A6 9600 PTX	  	2000	  	80304 TM strip 445, 96-465, 96-466, strip 446	  	Metal Etcher	  	2x2 Config / Microwave strippers	  	$750,000
	 45
	  	93023400 to 93023800	  	ETH21616	  	LRC	  	Alliance A6 9600 PTX	  	2001	  	80408 TM strip 515, 96-533, 96-532, strip 514	  	Metal Etcher	  	2x2 Config / Microwave strippers	  	$750,000
	 46
	  	93022400 to 93022800	  	ETH21617	  	LRC	  	Alliance A6 9600 PTX	  	2001	  	80463 TM strip 533, 96-549, 96-548, strip 532	  	Metal Etcher	  	2x2 Config / Microwave strippers	  	$750,000
	 47
	  	93029100 to 93029500	  	ETH21631	  	LRC	  	Alliance A6 9400 DFM/PTX	  	2001	  	80445 TM 94-1229, 94-1228, 94-1230, 94-1045	  	Poly Etcher	  	2x DFM, 2x PTX	  	$900,000
	 48
	  	93027300 to 93027700	  	ETH21651	  	LRC	  	Alliance A6 Exelan	  	2001	  	80415 TM EX305, EX 053, EX303, EX 302	  	Dielectric Etcher	  	2x Exelan, 2x HPT	  	$575,000
	 49
	  	93030500	  	CED07601	  	Novellus	  	C2 Single Sequel	  	2000	  	00-10-C25853	  	CVD System	  	C2 Single Sequel Express, silane only	  	$550,000
	 50
	  	93042000	  	CED07603	  	Novellus	  	C2 Single Sequel	  	2000	  	00-51-C26182	  	CVD System	  	Single Sequel Silane only SiN-Shrink	  	$550,000
	 51
	  	93037700	  	CED08603	  	Novellus	  	C2 Dual Sequel	  	2000	  	00-40-26083	  	CVD System	  	C2 Dual Sequel TEOS Duraflow both Chambers. Undoped TEOS/ Silane SiN	  	$725,000
	 52
	  	93037500	  	CED08604	  	Novellus	  	C2 Dual Sequel	  	2000	  	00-52-C26194	  	CVD System	  	C2 Dual Sequel TEOS Duraflow both Chambers. Undoped TEOS/ Silane SiN, one Module is plumbed to run CO2	  	$725,000
	 53
	  	93028200	  	CED09602	  	Novellus	  	C2 Dual Speed/ Sequel	  	1998	  	98-34-C25566	  	CVD System	  	C2 Shrink, Dual Speed Sequel, no TEOS	  	$825,000
	 54
	  	93041500	  	CED09603	  	Novellus	  	C2 Dual Speed/ Sequel	  	1999	  	99-31-C25702	  	CVD System	  	Dual SPEED Sequel Shrink, Silane only - Auto Temp Control, Plumbed sith SiF4 for FSG	  	$825,000
	 55
	  	93026900	  	CED09605	  	Novellus	  	C2 Dual Speed/ Sequel	  	2000	  	00-39-C26070	  	CVD System	  	Dual Speed NanoFill (large Turbo’s), Silane Sequel	  	$1,100,000
	 56
	  	93041300	  	CED09606	  	Novellus	  	C2 Dual Speed/ Sequel	  	2000	  	00-49-C26153	  	CVD System	  	Dual SPEED Sequel Shrink, Silane only - Auto Temp Control, Plumbed sith SiF4 for FSG	  	$900,000
	 57
	  	93041400	  	CED09607	  	Novellus	  	C2 Dual Speed/ Sequel	  	2000	  	00-51-C26183	  	CVD System	  	Dual SPEED Sequel Shrink, Silane only - Auto Temp Control, Plumbed sith SiF4 for FSG	  	$900,000
	 58
	  	93041600	  	CED09608	  	Novellus	  	C2 Dual Speed/ Sequel	  	2000	  	00-52-C26193	  	CVD System	  	Dual SPEED Sequel Shrink, Silane only - Auto Temp Control, No FSG	  	$900,000
	 59
	  	93043000	  	CED11601	  	Novellus	  	C2 Dual Altus	  	1997	  	97-24-5331	  	CVD System	  	Dual Altus W CVD . Running with exclusion ring config	  	$700,000
	 60
	  	93043900	  	CED11602	  	Novellus	  	C2 Dual Altus	  	1997	  	97-38-5387	  	CVD System	  	Dual Altus W CVD . Running with exclusion ring config	  	$700,000
	 61
	  	93030600	  	CED11604	  	Novellus	  	C2 Dual Altus	  	2000	  	00-13-25875	  	CVD System	  	Dual Altus - Shrink	  	$750,000
	 62
	  	93027800	  	ETH25601	  	TEL	  	Unity M	  	n/a	  	UM 0029	  	Dielectric Etcher	  	3x DRM	  	$1,400,000
	 63
	  	93029000	  	ETH36601	  	TEL	  	Unity Me	  	2003	  	UME 104	  	Dielectric Etcher	  	1x SCCM, 1 DRM	  	$800,000
	 64
	  	93028900	  	ETH36602	  	TEL	  	Unity Me	  	2004	  	UME 116	  	Dielectric Etcher	  	2x DRM	  	$1,050,000
	 65
	  	93003900	  	TRK04601	  	TEL	  	Act 8	  	03-2000	  	9200963	  	Coater/Developer Track	  	2C / 2B / 4D / RDS Pumps / WEE/SMIF	  	$575,000
	 66
	  	93004100	  	TRK04605	  	TEL	  	Act 8	  	05-2000	  	9201118	  	Coater/Developer Track	  	2C / 2B / 4D / RDS Pumps / WEE/SMIF	  	$575,000
	 67
	  	93003000	  	TRK04606	  	TEL	  	Act 8	  	03-2000	  	9200964	  	Coater/Developer Track	  	2C / 2B / 4D / RDS Pumps / WEE/SMIF	  	$575,000
	 68
	  	93003700	  	TRK05603	  	TEL	  	Act 8	  	03-2001	  	9212143	  	Coater/Developer Track	  	2C / 2B / 4D / RDS Pumps / WEE/SMIF	  	$650,000
	 69
	  	93001303	  	TRK05604	  	TEL	  	Act 8	  	04-2001	  	9212211	  	Coater/Developer Track	  	2C / 2B / 4D / RDS Pumps / WEE/SMIF	  	$650,000
	 70
	  	93001100	  	TRK05605	  	TEL	  	Act 8	  	05-2001	  	9212212	  	Coater/Developer Track	  	2C / 2B / 4D / RDS Pumps / WEE/SMIF	  	$650,000
	 71
	  	93000900	  	TRK05606	  	TEL	  	Act 8	  	06-2001	  	9212213	  	Coater/Developer Track	  	2C / 2B / 4D / RDS Pumps / WEE/SMIF	  	$650,000
	 72
	  	93007300	  	TRK05607	  	TEL	  	Act 8	  	08-2001	  	9212296	  	Coater/Developer Track	  	2C / 2B / 4D / RDS Pumps / WEE/SMIF	  	$650,000
	 73
	  	93007100	  	TRK05608	  	TEL	  	Act 8	  	08-2001	  	9212290	  	Coater/Developer Track	  	2C / 2B / 4D / RDS Pumps / WEE/SMIF	  	$650,000
	 TOTAL CAPITALIZED LESSOR’S COST
	  	$70,000,000Earnout Agreement, dated November 7, 2006

 EARNOUT AGREEMENT 
 This Earnout Agreement (“Agreement”) is entered into this 7th day of November, 2006, by and among Halliburton West Africa, Ltd., a Cayman limited company (“HWAL”), Halliburton
Energy Services Nigeria Limited, a Nigerian corporation (“HESNL” and together with HWAL, “Seller”) and Hercules Oilfield Services Ltd., a Cayman limited company (“Buyer”). 
 RECITALS 
  

	A.	Pursuant to an Asset Purchase Agreement dated as of the date hereof (the “Asset Purchase Agreement”), Seller has this date sold to Buyer the Business (as defined in
the Asset Purchase Agreement). 

  

	B.	The Asset Purchase Agreement provides that a portion of the purchase price is to be calculated and paid as an earnout based upon Buyer’s EBITDA (as hereinafter defined) from
the Covered Business over the Term (hereinafter defined). 

  

	C.	Seller and Buyer have agreed that determination and payment of the earnout contemplated by the Purchase Agreement is to be in accordance with the terms of this Agreement.

 NOW, THEREFORE, in consideration of the premises and of the respective covenants and provisions herein contained, Seller and Buyer agree as
follows: 
 ARTICLE I 
 DEFINITIONS 
 For purposes of this Agreement, capitalized terms used in this Agreement have the meanings specified in the Assets
Purchase Agreement, and the terms listed below have the following meanings. 
 1.1 Covered Business. 
 (a) Subject to Section 1.1(b), for purposes of this Agreement, “Covered Business” means (i) the Business and
(ii) Buyer’s business in West Africa, which consists of four vessels as operated by Buyer immediately prior to the Closing Date; but the Covered Business excludes any Unavailable Assets. “West Africa” means the following
countries which are located in the western part of Africa: Nigeria, Angola, Ghana, the Ivory Coast, Congo, Gabon, Equatorial Guinea, Cameroon, Benin, Togo, and Sao Tome & Principe. 
 (b) In the event that an asset, business or entity (“Additional Business”) is purchased or acquired by the Covered Business subsequent
to the date hereof or is otherwise combined with the Covered Business, then the Covered Business shall be deemed to include the Additional Business, and any Earnout Payments accruing after the acquisition of the Additional Business shall be adjusted
as provided in Section 2.2(b)(2). The Buyer’s purchase of the five vessels owned by Meridien Maritime & Offshore Services Limited, and presently chartered by Seller under the Charter Party dated April 30, 2002, shall not be
considered Additional Business for the purpose of this Agreement because Buyer’s operation of these five vessels after the Closing Date shall already be considered part of the Covered Business for purposes of calculating the Earnout Payments.

 (c) In the event that an asset is lost or destroyed by Force Majeure, then any Earnout Payments accruing
after such loss shall be adjusted as provided in Section 2.2(b)(3). 
 (d) In the event that an asset is removed or transferred away
from the Covered Business and is no longer operated in West Africa (a “Removed Business”), in the sole discretion of Buyer, then the Covered Business shall be deemed to exclude any such Removed Business, and any Earnout Payments
accruing after such loss shall be adjusted as provided in Section 2.2(b)(3). 
 1.2 Annual Payment Rate. 
 Twenty-five (25%) percent. 
 1.3 Maximum
Payment. 
 In no event shall Buyer be required to pay an aggregate amount in excess of $10,000,000 cumulatively over the Term of the
Agreement. 
 1.4 EBITDA. 
 As defined in
Article III. 
 1.5 Term. 
 The period
commencing on the first day of the month following the Closing Date (the “Commencement Date”) and continuing until the last day of the month preceding the third anniversary of the Commencement Date (the “Termination
Date”). 
 ARTICLE II 
 EARNOUT PAYMENT 
 2.1 Nature of Earnout Payment. 
 Annually, Buyer shall pay to Seller an amount (“Earnout Payment”) equal to the Annual Payment Rate multiplied by the excess, if any, of
EBITDA for the Covered Business during each Payment Period (as defined in Section 2.2(a)) that is in excess of the target amount of EBITDA (“Hurdle EBITDA”), which shall be subject to adjustment as provided in
Section 2.2(b). The Earnout Payment will be paid to Seller within ninety (90) days after the net amount of EBITDA has been determined for a Payment Period. 
 2.2 Period for Payment and Hurdle EBITDA. 
 (a) The periods for calculation and payment of the
Earnout Payment shall be three consecutive 12-month periods commencing on the Commencement Date and ending on the Termination Date (each such period, a “Payment Period”). The Hurdle EBITDA for each Payment Period shall be
$19,000,000, subject to adjustment in accordance with Section 2.2(b). 
 (b) The Hurdle EBITDA shall be subject to adjustment for each
Payment Period as follows: 

 (1) The Hurdle EBITDA will be increased by the amount of any Non-Forecasted Expenditures (as such term is
defined, below) incurred during the Payment Period; 
 (2) The Hurdle EBITDA will be increased by the amount of EBITDA to be generated by
committed contracts of any Additional Business during such Payment Period and the Forecasted Expenditures shall likewise be increased for each Payment Period for any additional expenditures made necessary by the Additional Business, as forecast by
Buyer at the time such Additional Business becomes part of the Covered Business and documented in reasonable detail and reasonably agreed between the parties; 
 (3) The Hurdle EBITDA will be decreased by the amount of EBITDA generated by committed contracts of any vessel that has been lost or destroyed by Force Majeure, if and to the extent Buyer is entitled to receive
insurance proceeds for such loss during such Payment Period and the Forecasted Expenditures shall likewise be decreased for each Payment Period by any expenditures avoided as a result of the loss or destruction as forecast by Buyer and documented in
reasonable detail and reasonably agreed between the parties; and 
 (5) The Hurdle EBITDA will be decreased by the amount of EBITDA generated
by committed contracts of any Removed Business during such Payment Period and the Forecasted Expenditures shall likewise be decreased for each Payment Period by the expenditures avoided as a result of the Removed Business, as forecast by Buyer at
the time such Removed Business ceases to be part of the Covered Business and documented in reasonable detail and reasonably agreed between the parties. 
 For purposes of this Section 2.2(b), “Non-Forecasted Expenditures” means the following expenditures actually incurred or accrued by Buyer, consistent with Buyer’s reasonable and customary practices for its own
vessels located in Nigeria, in connection with the Covered Business, that are in excess of the Forecasted Expenditures (as defined in the next paragraph): (a) Expenses for repairs, maintenance, refurbishments and upgrades that may be required
by: (i) the classification society rules, practices or requirements, (ii) the requirements of the flagging jurisdiction of the vessels, (iii) applicable Law, (iv) the standards of design, maintenance, manning, repair, and health,
safety, and environmental practices and policies applicable to Buyer’s existing vessels in Nigeria, (v) customer specifications or requirements; (vi) Buyer’s hull & machinery and Protection & Indemnity
underwriters, and (b) dry-docking expenditures, including, without limitation, the costs of annual inspection and regular, routine maintenance, which are not included in the expenses described in (a) of this paragraph. In no event shall
Non-Forecasted Expenditures include any expenditures with the purpose or effect of increasing the class or capacity of the vessel or materially and permanently altering the function or use of the vessel. 

 For purposes of this Section 2.2(b), “Forecasted Expenditures” for each Payment Period are as
follows: 
  

			
	Payment Period No. 1 (commencing on the first day of the month following Closing and continuing for a period of 12 months, the last day of such 12 month period hereafter the “First
Anniversary Date”):	  	$1,700,000.00
		
	Payment Period No. 2 (commencing on the day after the First Anniversary Date and continuing for a period of 12 months, the last day of such 12 month period hereafter the “Second
Anniversary Date”):	  	$2,245,000.00
		
	Payment Period No. 3 (commencing on the day after the Second Anniversary Date and continuing for a period of 12 months):	  	$1,900,000.00

 Forecasted Expenditures for each Payment Period will be increased by the amount of expenditures actually incurred
or accrued by Buyer as the direct result of Force Majeure. 
 For purposes of this Section 2.2(b), “Force Majeure” means extreme
weather, civil unrest, war, hostilities, terrorism, seizure or expropriation of assets, other destructive event outside the control of Buyer, or Act of God. 
 ARTICLE III 
 COMPUTATION OF EBITDA 
 3.1 Manner of Computation. 
 For purposes of this
Agreement, “EBITDA” of the Covered Business for any fiscal year shall mean its earnings from operations before interest, taxes, depreciation and amortization, calculated as if it were being operated as a separate and independent
corporation. EBITDA shall be determined in accordance with U.S. generally accepted accounting principles (“GAAP”) as consistently applied by Buyer. In determining such EBITDA: 
 (a) EBITDA shall not include any gains, losses or profits realized from the sale of any assets other than in the ordinary course of business; 

(b) EBITDA shall be computed without regard to “extraordinary” items (as that term shall be defined in GAAP) of gain or loss from Force
Majeure; 
 (c) No deduction shall be made for legal or accounting fees and expenses arising out of this Agreement or the Asset Purchase
Agreement; and 
 (d) The purchase and sales prices of goods and services sold by the Covered Business to Buyer or its affiliates or
purchased by the Covered Business from Buyer or its affiliates shall be adjusted to reflect the amounts that the Covered Business would have realized or paid if dealing with an independent party in an arm’s-length commercial transaction.

 3.2 Time of Determination and Dispute Resolution. 
 (a) The EBITDA of the Covered Business shall be determined by Buyer within ninety (90) days after the close of each Payment Period. Copies of its
report setting forth its computation of the EBITDA of the Covered Business shall be submitted in writing to Seller by Buyer and, unless the Seller notifies Buyer within sixty (60) days after receipt of the report that it objects to the
computation of EBITDA set forth therein, the report shall be binding and conclusive for the purposes of this Agreement. Seller shall have reasonable access to the books and records of the Covered Business and to Buyer’s workpapers during
regular business hours to verify the computation of EBITDA made by Buyer. 
 (b) If Seller notifies Buyer in writing within sixty
(60) days after receipt of Buyer’s report that it objects to the computation of EBITDA set forth therein, the amount of EBITDA for the fiscal year to which such report relates shall be determined by negotiation between Seller and Buyer.

 (c) If Seller and Buyer are unable to reach agreement within thirty (30) business days after such notification regarding the
determination of EBITDA or other amounts calculated under this Agreement, then the determination of the amount of EBITDA or other disputed amounts for the period in question shall be submitted to a mutually agreeable third-party firm of registered
public accountants or, if appropriate, to other qualified and neutral experts (“Arbitrators”) for determination, whose determination shall be binding and conclusive on the parties. If the Arbitrators determine that the EBITDA has
been understated by ten (10%) percent or more, then Buyer shall pay the Special Accountants’ fees, costs and expenses. If EBITDA has not been understated or has been understated by less than ten (10%) percent, then Seller shall pay
the Arbitrators’ fees, costs and expenses. The decision of the Arbitrators shall be rendered in writing and shall be final and binding upon the parties as to the determination of EBITDA or other disputed items. 
 3.3 Security. 
 In order to secure Buyer’s
obligations under this Agreement, Seller shall be entitled to, and Buyer hereby grants to Seller, a lien and security interest in and to the L/B MENE AFEJUKU in the amount of $3,000,000. The Buyer shall bear all costs incurred in effectuating
Seller’s lien rights. 
 ARTICLE IV 
 MISCELLANEOUS 
 4.1 Benefit of Parties. 
 All of the terms and provisions of this Agreement shall be binding upon and inure to the benefit of the parties and their respective permitted successors
and assigns. This Agreement shall not be assignable by Buyer or Seller. 

 4.2 Entire Agreement. 
 This Agreement contains the entire understanding of the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings between the parties with respect thereto. 
 4.3 Counterparts. 
 This Agreement may be executed
simultaneously in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 4.4 Cooperation. 
 During the Term, each party will cooperate with and assist the other party in taking such acts as may be
appropriate to enable all parties to effect compliance with the terms of this Agreement and to carry out the true intent and purposes hereof. 
 4.5
Amendments and Waivers of Compliance. 
 No amendment, modification, replacement, termination or cancellation of any provision of this
Agreement will be valid, unless the same shall be in writing and signed by Buyer and Seller. The party for whose benefit a warranty, representation, covenant or condition is intended may, in writing, waive any inaccuracies in the warranties,
representations, covenants or conditions contained in this Agreement or waive compliance with any of the foregoing and so waive performance of any of the obligations of the other party hereto and any defaults hereunder, provided, however, that such
waiver shall not affect or impair the waiving party’s rights in respect to any other warranty, representation, covenant, condition or default hereunder. 
 4.6 Index and Captions. 
 The captions of the Articles and Sections of this Agreement are solely for convenient reference
and shall not be deemed to affect the meaning or interpretation of any Article or Section hereof. 
 4.7 Assignments. 
 No party may assign either this Agreement or any of its rights, interests or obligations hereunder without the prior written approval of the other party.

 4.8 Governing Law. 
 The parties agree
that this Agreement will governed in accordance with the laws of the State of Texas, without regard to its conflicts of law rules. 

 4.9 Severability. 
 The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof, provided that any
provision of this Agreement that is invalid or unenforceable in any situation or in any jurisdiction will not affect the enforceability of the remaining terms and provisions hereof or the enforceability of the offending term or provision in any
other situation or in any other jurisdiction. 
 IN WITNESS WHEREOF, the parties have hereunto caused this Agreement to be executed in multiple original
counterparts as of the date set forth above. 
  

									
	HALLIBURTON WEST AFRICA LTD.	 		 	 HALLIBURTON ENERGY SERVICES
 NIGERIA LIMITED

					
	By:	 	/s/    David R. Smith	 		 	By:	 	/s/    David R. Smith
					
	Name:	 	David R. Smith	 		 	Name:	 	David R. Smith
					
	Title:	 	Director	 		 	Title:	 	Attorney
		 		 		 		 	

  

			
	HERCULES OILFIELD SERVICES LTD.
		
	By:	 	/s/    Don P. Rodney
		
	Name:	 	Don P. Rodney
		
	Title:	 	President

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