Document:

Exhibit 10.21

Exhibit 10.21

EMPLOYMENT AGREEMENT

EMPLOYMENT AGREEMENT (the “Agreement”) by and between AmerisourceBergen Corporation, a
Delaware corporation (hereinafter the “Company”), and James D. Frary (the “Executive”), executed by
the parties hereto on the dates set forth below and dated and effective as of April 8, 2010.

WHEREAS, the Company and the Executive entered into a Transfer — Offer Letter dated as of the
date hereof (the “Transfer — Offer Letter”) pursuant to which the Executive was promoted to the
position of President of AmerisourceBergen Specialty Distribution and Services; and

WHEREAS, the Transfer — Offer Letter requires that the Executive and the Company enter into a
new employment agreement setting forth the terms and conditions of the Executive’s continued
employment with the Company;

WHEREAS, the Company and the Executive wish enter into this Agreement in satisfaction of their
respective obligations under the Transfer — Offer Letter.

NOW, THEREFORE, intending to be legally bound, the parties hereto agree as follows:

1. Employment Period. The Company shall continue to employ the Executive, either
directly or through a Subsidiary (as defined below), and the Executive shall continue to serve the
Company or any such Subsidiary, on the terms and conditions set forth in this Agreement, beginning
April 8, 2010 (the “Effective Date”) and until that employment ceases as provided below in Section
4 (the “Employment Period”). “Subsidiary” means any entity that is controlled, directly or
indirectly, by the Company.

2. Position and Duties.

(a) During the Employment Period, the Executive shall continue to be employed as President of
AmerisourceBergen Specialty Distribution and Services or in such other capacity with the Company or
any Subsidiary as may be determined from time to time by the Company, provided that any such other
capacity shall be at a salary grade level that is substantially equivalent to or greater than the
Executive’s salary grade level as of the date of this Agreement.

(b) During the Employment Period, but excluding any periods of vacation and absence due to
intermittent illness to which the Executive is entitled, and any services on corporate, civic or
charitable boards or committees, lectures, speaking engagements or teaching engagements that are
approved by the Executive’s direct supervisor and that do not significantly interfere with the
performance of his responsibilities to the Employer (as defined below) or violating the provisions
of Section 9, the Executive shall devote his full time and attention during normal business hours
to the business and affairs of the Employer and the Executive shall use reasonable efforts to carry
out all duties and responsibilities assigned to him faithfully and efficiently. The “Employer”
means the ABC Entity (as defined below) by which the Executive is then employed. “ABC Entity”
means the Company or any Subsidiary, as the case may be. For purposes of this Agreement, should
Executive be employed (or have been employed at any time during the Employment Period) by an
Employer or Employers other than the Company, the term “Company” shall be deemed to include or
refer to such Employer or Employers, to the extent required by the context.

 

 

 

3. Compensation.

(a) Base Salary. During the Employment Period, the Executive shall continue to
receive annual base salary at the rate of $300,000, payable in accordance with the regular payroll
practices of the Company and subject to reviews and increases as set forth hereafter. The
Executive’s base salary shall be reviewed annually by (i) the Compensation and Succession Planning
Committee of the Board of Directors of the Company (the “Committee”) and/or (ii) the Chief
Executive Officer and/or the President of the Company, the Chief Executive Officer and/or the
President of the Employer and/or such other employee of the Company or the Employer to whom
Executive then may report (if other than the foregoing officers of the Company or the Employer), in
accordance with the Company’s standard practices for executives generally, and may be increased as
determined by the Committee, in its sole discretion, or by any person or persons to whom such
authority has been delegated.

(b) Annual Bonus and Incentive Plans; Other Benefits. During the Employment Period:
(i) the Executive shall be entitled to participate in any short-term and long-term incentive
programs established and/or maintained by the Company for its senior level executives generally;
(ii) the Executive shall be entitled to participate in all incentive, savings and retirement plans,
practices, policies and programs of the Company to at least the same extent as other senior
executives of the Company; (iii) the Executive and/or the Executive’s family, as the case may be,
shall be eligible for participation in, and shall receive all benefits under, all welfare benefit
plans, practices, policies and programs provided by the Company to at least the same extent as
other senior executives of the Company; and (iv) the Executive shall be entitled to, and the
Company shall provide the Executive with, not less than the number of weeks of vacation during each
calendar year to which the Executive is entitled as of the date of this Agreement. As of the
Effective Date, the Executive is eligible to participate in the Company’s Annual Incentive Plan at
the 100% of annual base salary target level. In addition to the foregoing, the Executive will be
entitled to relocation assistance in connection with his relocation to Frisco, Texas area as a
result of his promotion to the position of President of AmerisourceBergen Specialty Distribution
and Services in accordance with the Company’s relocation policy for its most senior executives.
Furthermore, the Executive shall be entitled to annual reimbursement of up to $5,000 per year for
tax and financial planning and tax preparation, or such greater amount as may be authorized by the
Committee, in its sole discretion, or by any person or persons to whom such authority has been
delegated.

(c) Expenses. During the Employment Period, the Executive shall be entitled to
receive advancement or prompt reimbursement for all reasonable expenses incurred or anticipated to
be incurred by the Executive in carrying out the Executive’s duties under this Agreement, provided
that the Executive complies with the generally applicable policies, practices and procedures of the
Company for submission of expense reports, receipts, or similar documentation of such expenses.

(d) Notwithstanding anything herein to the contrary or otherwise, except to the extent any
expense, reimbursement or in-kind benefit provided pursuant to Sections 3(b), 3(c) and 5(a) does
not constitute a “deferral of compensation” within the meaning of Section 409A of the Internal
Revenue Code of 1986, as amended from time to time (“Code”), and its implementing regulations and
guidance (“Section 409A”) (i) the amount of expenses eligible for reimbursement or in-kind benefits
provided to the Executive during any calendar year will not affect the amount of expenses eligible
for reimbursement or in-kind benefits provided to the Executive in any other calendar year, (ii)
the reimbursements for expenses for which the Executive is entitled to be reimbursed shall be made
on or before the last day of the calendar year following the calendar year in which the applicable
expense is incurred and (iii) the right to payment or reimbursement or in-kind benefits hereunder
may not be liquidated or exchanged for any other benefit.

 

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4. Termination of Employment.

(a) Death or Disability. The Executive’s employment and the Employment Period shall
terminate automatically upon the Executive’s death or long term Disability during the Employment
Period. “Disability” means a condition entitling the Executive to benefits under the Company’s
Long Term Disability Plan, policy or arrangement.

(b) By the Company. The Company may terminate the Executive’s employment under this
Agreement during the Employment Period for Cause or without Cause. “Cause” means:

(i) the continued failure by the Executive to substantially perform his duties as contemplated
by this Agreement (other than any such failure resulting from his incapacity due to physical or
mental illness or injury or any such actual or anticipated failure after the issuance by the
Executive of a Notice of Termination for Good Reason) over a period of not less than thirty days
after a demand for substantial performance is delivered to the Executive by the Board or by the
Chief Executive Officer of the Company, which demand identifies the manner in which it is believed
that the Executive has not substantially performed his duties;

(ii) the willful misconduct of the Executive materially and demonstrably injurious to the
Company (including, without limitation, any breach by the Executive of Section 9 of this
Agreement); provided that no act or failure to act on the Executive’s part will be considered
willful if done, or omitted to be done, by his in good faith and with reasonable belief that his
action or omission was in the best interest of the Company;

(iii) the Executive’s conviction of a misdemeanor, which, as determined in good faith by the
Board, constitutes a crime of moral turpitude and gives rise to material harm to the Company or to
any subsidiary or affiliate of the Company; or

(iv) the Executive’s conviction of a felony (including, without limitation, any felony
constituting a crime of moral turpitude).

(c) By the Executive. The Executive may terminate employment under this Agreement for
Good Reason or without Good Reason. “Good Reason” means:

(i) any reduction in the Executive’s base salary; or

(ii) material failure by the Company to comply with any provision of Sections 2 and 3 of this
Agreement (including, but not limited to, a diminution in the Executive’s authority, duties, or
responsibilities) other than an isolated, insubstantial or inadvertent failure that is not taken in
bad faith and is remedied by the Company within 30 days after receipt of written notice thereof
from the Executive.

Notwithstanding the foregoing, “Good Reason” for purposes of Section 4(c)(i) shall not include
a reduction in base salary if such reduction is coincident with a reduction applicable to all
members of the senior management team. A termination of employment by the Executive for Good
Reason shall be effectuated by giving the Company written notice (“Notice of Termination for Good
Reason”) of the termination, setting forth in reasonable detail the specific conduct that
constitutes Good Reason and the specific provision(s) of this Agreement on which the Executive
relies. Such Notice of Termination for Good Reason must be received by the Company no later than
the 60th day after the event, or last in a series of events, that gives rise to Good
Reason. The Company shall have 30 days to remedy the conduct
set forth in the Notice of Termination for Good Reason. A termination of employment by the
Executive for Good Reason shall be effective on the 60th day following the date when the
Notice of Termination for Good Reason is given, unless the conduct set forth in the notice is
remedied by the Company within the 30-day period. A termination of the Executive’s employment by
the Executive without Good Reason shall be effected by giving the Company at least 30 days’ advance
written notice of the termination.

 

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(d) Date of Termination. The “Date of Termination” means the date of the Executive’s
death, the date of the Executive’s Disability, or the date the termination of the Executive’s
employment under this Agreement by the Company for Cause or without Cause or by the Executive for
Good Reason or without Good Reason, as the case may be, is effective. The Employment Period shall
end on the Date of Termination.

(e) Separation from Service. For purposes of determining under Section 409A whether
there has been a “separation from service” with the meaning of Treasury Regulation Section
1.409A-1(h) (or any successor regulation), the Executive shall be deemed to have incurred a
separation from service if his employment has been terminated in accordance with this Section 4 and
he is performing less than 50% of the average level of bona fide services he was performing for the
Company in the immediately preceding 36-month period (“Separation From Service”). In addition,
notwithstanding any other provision of this Agreement to the contrary, any payment or benefit
described in Section 5 that represents a “deferral of compensation” within the meaning of Section
409A shall only be paid or provided to Executive upon a Separation From Service as defined herein.

5. Obligations of the Company upon Termination.

(a) By the Company Other Than for Cause; or By the Executive for Good Reason. If,
during the Employment Period, the Company terminates the Executive’s employment under this
Agreement (other than for Cause) or the Executive terminates employment under this Agreement for
Good Reason:

(1) the Executive shall be entitled to continued payment for two years after the
Separation From Service of the Executive’s base salary (as in effect on the Date of
Termination), which amounts shall be paid in installments over such two-year period pursuant
to the Company’s normal payroll policy,

(2) the Executive shall be entitled to receive the following bonus payment: either (i)
if the Separation from Service occurs following the end of a fiscal year but prior to the
date that an annual bonus for such previously completed fiscal year, if any, is approved by
the Company’s Board of Directors, a bonus payment equal to the bonus payment that the
Executive would have received for such prior fiscal year without regard to the Executive not
having remained employed by the Company on the date that such bonus payment would otherwise
have been paid to the Executive, with any such bonus amount to be paid at the same time as
annual bonuses for such prior fiscal year are paid by the Company under the applicable bonus
program generally but in no event later than March 15th of the calendar year
following the calendar year that includes the last day of the applicable fiscal year or (ii)
if Separation from Service occurs following the end of a fiscal year but after the date that
an annual bonus for such previously completed fiscal year is approved (or determined not to
be payable by the Company’s Board or Directors), a bonus payment equal to the amount, if
any, to which the Executive would be entitled to receive under the Company’s annual bonus
program if the Executive had remained employed for the fiscal year of the Company in which
such Separation from Service occurs (based on the degree of attainment of the bonus
objectives applicable to the Executive for such fiscal year determined on
the same basis as such determinations are made for participating associates generally
but assuming 100% attainment of any individual performance objectives), multiplied by a
fraction, the numerator of which is the number of days in such current fiscal year through
the Separation from Service, and the denominator of which is 365, with any such amount to be
paid at the same time as annual bonuses for the fiscal year in which such Separation from
Service occurs are paid by the Company under the applicable bonus program generally but in
no event later than December 31st of the calendar year following the calendar year that
includes the last day of the applicable fiscal year; and

 

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(3) For the eighteen month period following the Executive’s Separation From Service
(subject to earlier termination as described below), if the Executive elects to receive
continuation coverage under the Company’s group health plans pursuant to the Consolidated
Omnibus Budget Reconciliation Act of 1985 (“COBRA”), the Executive shall be entitled to: (i)
waiver by the Company of the COBRA premium costs of medical, prescription, dental and vision
coverage, if any, under the Company’s group health plans (as in effect from time to time)
for the Executive and, to the extent permitted under COBRA, the Executive’s spouse and
eligible dependents, if any, for the first two calendar months of the eighteen month
continuation period; and (ii) following the initial two-month period, the Executive shall be
entitled to reimbursement from the Company for the COBRA premium costs of medical,
prescription, dental and vision coverage, if any, under the Company’s group health plans for
the Executive and, to the extent permitted under COBRA, the Executive’s spouse and eligible
dependents, if any, with such reimbursement not to exceed the COBRA rates for such coverage;
provided, however, that the Executive shall be required to submit to the Company reasonable
evidence of payment by his of any such COBRA premiums in order to obtain reimbursement from
the Company and the Executive may not submit any requests for reimbursement of such payments
more than once per calendar month; provided, further, that entitlement to reimbursement of
any such payments shall terminate upon COBRA ineligibility, including, without limitation,
by reason of the Executive’s commencement of eligibility under the group health plan of any
other employer and the Executive’s commencement of eligibility for Medicare benefits under
Title XVIII of the Social Security Act. If the Executive remains on COBRA coverage for the
entire 18-month period in which he is entitled to reimbursement for the premiums associated
with such coverage, the Company will make monthly payments to the Executive for the 6-month
period immediately following the expiration of the 18-month COBRA period equal to the amount
of premiums that the Company would have reimbursed him had the Executive been eligible to
continued coverage under COBRA. Notwithstanding anything to the contrary set forth above,
the Company, in its sole discretion, may discontinue any coverage contemplated hereunder in
the event that such continuation is not permitted under or would adversely affect the tax
status of the plan or plans of the Company pursuant to which the coverage is provided, in
which case the Company shall make supplemental severance payments to the Executive in
monthly amounts equal to the amounts to which the Executive otherwise would have been
entitled to reimbursement hereunder in respect of such coverage for the remainder of the
period that the Company otherwise would have been obligated to make reimbursements hereunder
to the Executive. Any amounts that are paid on the Executive’s behalf, reimbursed to the
Executive by the Company or paid directly to the Executive as supplemental severance
payments will be considered taxable income to the Executive and any taxes on such amounts
will be the Executive’s responsibility and subject to applicable tax withholding.

 

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In addition, the Executive shall be entitled to receive executive level outplacement assistance
under any outplacement assistance program then being maintained by the Company in accordance with
the terms of any such program, or if no such program then exists, in an amount not to exceed
$10,000; provided that
any reimbursable expense must be incurred by the Executive no later than the end of the second
calendar year following the year of the Separation From Service. The Executive shall also become
vested in any outstanding options, restricted stock or other equity incentive awards only to the
extent provided for under the terms governing such equity incentive award. The Company shall also
pay, or cause to be paid, to the Executive, in a lump sum in cash within 30 days after the
Separation From Service (or, in the case of the pro-rated Annual Bonus Amount, at the time such
bonus would otherwise be paid), the following accrued but unpaid cash compensation of the Executive
(the “Accrued Obligations”): (X) the Executive’s base salary through the Date of Termination that
has not yet been paid, (Y) any accrued but unpaid vacation pay, and (Z) any unreimbursed employee
business expenses; provided, however, that the Company’s obligation to make any payments, or cause
any payments to be made, under this paragraph (a) to the extent any such payment shall not have
accrued as of the day before the Date of Termination shall also be conditioned upon the Executive’s
execution, and non-revocation, of a written release, substantially in the form attached hereto as
Annex 1, of any and all claims against the Company and all related parties with respect to
all matters arising out of the Executive’s employment under this Agreement or the termination
thereof (other than any entitlements under the terms of this Agreement to indemnification or under
any other plans or programs of the Company in which the Executive participated and under which the
Executive has accrued and is due a benefit). The payments and benefits described in this paragraph
(a) (other than those payments and benefits accrued as of the day before the Date of Termination)
will be paid, or will begin to be paid or provided, as applicable, after the applicable release
review period and revocation period have expired, and as if the Executive signed the release on the
last day of the release review period.

To the extent compliance with the requirements of Treas. Reg. § 1.409A-3(i)(2) (or any successor
provision) is necessary to avoid the application of an additional tax under Section 409A to
payments due to the Executive upon or following his Separation From Service, then notwithstanding
any other provision of this Agreement (or any otherwise applicable plan, policy, agreement or
arrangement), any such payments that are otherwise due within six months following the Executive’s
Separation From Service will be deferred (without interest) and paid to the Executive in a lump sum
immediately following that six month period. This provision shall not be construed as preventing
payments pursuant to Section 5 equal to an amount up to 2 times the lesser of (a) the Executive’s
annualized compensation for the year prior to the Separation From Service, and (b) the maximum
amount that may be taken into account under a qualified plan pursuant to section 401(a)(17) of the
Code, being paid to the Executive in the first six months following the Separation From Service.

(b) Death or Disability. If the Executive’s employment is terminated by reason of the
Executive’s death or Disability during the Employment Period, the Company shall pay the Accrued
Obligations to the Executive or the Executive’s estate or legal representative, as applicable, in a
lump sum in cash within 30 days after the Date of Termination. In such event, the Company shall
have no further obligations under this Agreement or otherwise to or with respect to the Executive;
and for any entitlements under the terms of any other plans or programs of the Company in which the
Executive participated and under which the Executive has become entitled to a benefit.

(c) By the Company for Cause; By the Executive Other than for Good Reason. If the
Executive’s employment is terminated by the Company for Cause during the Employment Period, or the
Executive voluntarily terminates employment during the Employment Period, other than for Good
Reason, the Company shall pay the Executive, or shall cause the Executive to be paid, the
Executive’s base salary through the Date of Termination that has not been paid and the amount of
any declared but unpaid bonuses, accrued but unpaid vacation pay, and unreimbursed employee
business expenses, and the Company shall have no further obligations under this Agreement or
otherwise to or with respect to the Executive other than for any entitlements under the terms of
any other plans or programs of the
Company in which the Executive participated and under which the Executive has become entitled
to a benefit.

 

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6. Change in Control. It is the intention of the parties that payments to be made to
the Executive whether under the terms of this Agreement or otherwise shall not constitute “excess
parachute payments” within the meaning of Section 280G of the Code and any regulations thereunder.
If the independent accountants serving as auditors for the Company on the date of this Agreement
(or any other independent certified public accounting firm designated by the Company) determine
that any payment or distribution by the Company to or for the benefit of the Executive (whether
paid or payable or distributed or distributable pursuant to the terms of this Agreement or
otherwise) would be nondeductible by the Company pursuant to Section 280G of the Code (or any
successor provision), then the amounts payable or distributable under this Agreement will be
reduced to the maximum amount which may be paid or distributed without causing such payments or
distributions to be nondeductible. The determination shall take into account (a) whether the
payments or distributions are “parachute payments” under Section 280G, (b) the amount of payments
and distributions under this Agreement that constitute reasonable compensation, and (c) the present
value of such payments and distributions determined in accordance with Treasury Regulations in
effect from time to time. If a reduction is required in accordance with this Section 6, cash
payments will be reduced before any acceleration of vesting or forfeiture conditions are eliminated
and future payments will be reduced before amounts that are immediately payable.

7. Non-exclusivity of Rights. Nothing in this Agreement shall prevent or limit the
Executive’s continuing or future participation in any plan, program, policy or practice provided by
the Company for which the Executive may qualify. Vested benefits and other amounts that the
Executive is otherwise entitled to receive on or after the Date of Termination under any plan,
policy, practice or program of, or any contract or agreement with, the Company shall be payable in
accordance with such plan, policy, practice, program, contract or agreement, as the case may be,
except as explicitly modified by this Agreement.

8. No Mitigation. In no event shall the Executive be obligated to seek other
employment or take any other action by way of mitigation of the amounts payable to the Executive
under any of the provisions of this Agreement and such amounts shall not be reduced, regardless of
whether the Executive obtains other employment.

9. Confidential Information; Non-solicitation; Non-competition.

(a) The Executive agrees and acknowledges that by reason of his employment by and service to
the Company, he will have access to, become exposed to and/or become knowledgeable about
confidential information of the Company (the “Confidential Information”) from time to time during
the Employment Period, including, without limitation, proposals, plans, inventions, practices,
systems, programs, processes, methods, techniques, research, records, supplier sources, customer
lists and other forms of business information that are not known to the Company’s competitors, are
not recognized as being encompassed within standard business or management practices and/or are
kept secret and confidential by the Company. Executive agrees that at no time during or after the
Employment Period will he disclose or use the Confidential Information except as may be required in
the prudent course of business for the benefit of the Company. The Executive also agrees to be
subject to the Company’s Code of Ethics and Business Conduct as in effect from time to time during
the Employment Period.

(b) The Executive acknowledges that the Company is generally engaged in business throughout
the United States. During the Executive’s employment by the Company and for two years after the
Date of Termination or the expiration of the Employment Period, the Executive agrees that he
will not, unless acting with the prior written consent of the Company, directly or indirectly,
own, manage, control, or participate in the ownership, management or control of, or be employed or
engaged by, or otherwise affiliated or associated with, as an officer, director, employee,
consultant, independent contractor or otherwise, any other corporation, partnership,
proprietorship, firm, association or other business entity, which is engaged in any business,
including the wholesale distribution of pharmaceutical products, that, or otherwise engage in any
business that, as of the Date of Termination or expiration of the Employment Period, as applicable,
is engaged in by the Company, has been reviewed with the Board for development to be owned or
managed by the Company, and/or has been divested by the Company but as to which the Company has an
obligation to refrain from involvement, but only for so long as such restriction applies to the
Company; provided, however, that the ownership of not more than 5% of the equity of a publicly
traded entity shall not be deemed to be a violation of this paragraph. During such two-year
period, Executive also agrees to make himself reasonably available to the Company for consulting at
a per diem rate that reflects his annual salary as in an effect prior to his termination of
employment (plus reimbursement of Executive’s reasonable expenses). Notwithstanding the foregoing,
the Executive shall be relieved of the covenants provided for in this subsection in the event that
the Company fails to make payments to Executive as provided for in Section 5(a) of this Agreement.

 

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(c) The Executive also agrees that he will not, directly or indirectly, during the period
described in paragraph (b) of this Section 9 induce any person who is an employee, officer,
director, or agent of the Company, to terminate such relationship, or employ, assist in employing
or otherwise be associated in business with any present or former employee or officer of the
Company, including without limitation those who commence such positions with the Company after the
Date of Termination.

(d) The Executive acknowledges and agrees that the restrictions contained in this Section 9
are reasonable and necessary to protect and preserve the legitimate interests, properties, goodwill
and business of the Company, that the Company would not have entered into this Agreement in the
absence of such restrictions and that irreparable injury will be suffered by the Company should the
Executive breach the provisions of this Section. The Executive represents and acknowledges that
(i) the Executive has been advised by the Company to consult the Executive’s own legal counsel in
respect of this Agreement, (ii) the Executive has consulted with and been advised by his own
counsel in respect of this Agreement, and (iii) the Executive has had full opportunity, prior to
execution of this Agreement, to review thoroughly this Agreement with the Executive’s counsel.

(e) The Executive further acknowledges and agrees that a breach of the restrictions in this
Section 9 will not be adequately compensated by monetary damages. The Executive agrees that actual
damage may be difficult to ascertain and that, in the event of any such breach, the Company shall
be entitled to injunctive relief in addition to such other legal or equitable remedies as may be
available to the Company. In the event that the provisions of this Section 9 should ever be
adjudicated to exceed the limitations permitted by applicable law in any jurisdiction, it is the
intention of the parties that the provision shall be amended such that those provisions are made
consistent with the maximum limitations permitted by applicable law, that such amendment shall
apply only within the jurisdiction of the court that made such adjudication and that those
provisions otherwise be enforced to the maximum extent permitted by law.

(f) If the Executive breaches his obligations under this Section 9, he agrees that suit may be
brought, and that he consents to personal jurisdiction, in the United States District Court for the
Eastern District of Pennsylvania, or if such court does not have jurisdiction or will not accept
jurisdiction, in any court of general jurisdiction in Chester County, Pennsylvania; consents to the
non-exclusive jurisdiction of any such court in any such suit, action or proceeding; and waives any
objection
which he may have to the laying of venue of any such suit, action or proceeding in any such
court. The Executive also irrevocably and unconditionally consents to the service of any process,
pleadings, notices or other papers.

(g) For purposes of this Section 9, the term “Company” shall be deemed to include each
Subsidiary of the Company.

 

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10. Successors.

(a) This Agreement is personal to the Executive and, without the prior written consent of the
Company, shall not be assignable by the Executive otherwise than by will or the laws of descent and
distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive’s
legal representatives.

(b) This Agreement shall inure to the benefit of and be binding upon the Company and its
successors and assigns.

(c) The Company shall require any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and/or assets of the
Company expressly to assume and agree to perform this Agreement in the same manner and to the same
extent that the Company would have been required to perform it if no such succession had taken
place. As used in this Agreement, “Company” shall mean both the Company as defined above and any
such successor that assumes and agrees to perform this Agreement, by operation of law or otherwise.

11. Miscellaneous.

(a) This Agreement shall be governed by, and construed in accordance with, the laws of the
Commonwealth of Pennsylvania, without reference to principles of conflict of laws. The captions of
this Agreement are not part of the provisions hereof and shall have no force or effect. This
Agreement may not be amended or modified except by a written agreement executed by the parties
hereto or their respective successors and legal representatives.

(b) All notices and other communications under this Agreement shall be in writing and shall be
given by hand to the other party or by registered or certified mail, return receipt requested,
postage prepaid, addressed as follows:

If to the Executive, to the address on file with the Company.

If to the Company:

AmerisourceBergen Corporation

1300 Morris Drive

Chesterbrook, PA 19087

Attention: Chief Executive Officer

or to such other address as either party furnishes to the other in writing in accordance with
this paragraph (b) of this Section 11. Notices and communications shall be effective when actually
received by the addressee.

(c) The invalidity or unenforceability of any provision of this Agreement shall not affect the
validity or enforceability of any other provision of this Agreement. If any provision of this
Agreement shall be held invalid or unenforceable in part, the remaining portion of such provision,
together with all other provisions of this Agreement, shall remain valid and enforceable and
continue in full force and effect to the fullest extent consistent with law.

(d) Notwithstanding any other provision of this Agreement, the Company may withhold from
amounts payable under this Agreement all federal, state, local and foreign taxes that are required
to be withheld by applicable laws or regulations.

 

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(e) The Executive’s or the Company’s failure to insist upon strict compliance with any
provision of, or to assert any right under, this Agreement (including, without limitation, the
right of the Executive to terminate employment for Good Reason pursuant to paragraph (c) of Section
5 of this Agreement) shall not be deemed to be a waiver of such provision or right or of any other
provision of or right under this Agreement.

(f) This Agreement contains the entire understanding of the Executive and the Company with
respect to employment of the Executive and supersedes any and all prior understandings, written or
oral, including, without limitation, (i) the Employment Agreement between the Company and the
Executive executed by the Company on June 5, 2007 and by the Executive on May 15, 2007, as amended
by an Amendment dated July 19, 2007, and (ii) the Transfer — Offer Letter.

(g) This Agreement may be executed in several counterparts, each of which shall be deemed an
original, and said counterparts shall constitute but one and the same instrument.

12. The respective rights and obligations of the parties hereunder shall survive any
termination of the Executive’s employment to the extent necessary to the intended preservation of
such rights and obligations, including, but not by way of limitation, those rights and obligations
set forth in Sections 3, 5, 6, 9 and 11.

IN WITNESS WHEREOF, the Executive has hereunto set the Executive’s hand and, pursuant to the
authorization of the Committee, the Company has caused this Agreement to be executed in its name on
its behalf, in each case on the date(s) set forth below.

	 	 	 	 	 
	 	AMERISOURCEBERGEN CORPORATION

 	 
	 	By:  	/s/ R. David Yost
 	 
	 	 	Name:  	R. David Yost 	 
	 	 	Title:  	President and Chief Executive Officer

	 
	 	 	Date: 9/23/2010  
	 
	 	EXECUTIVE

 	 
	 	/s/ James D. Frary
 	 
	 	James D. Frary 	 
	 	Date: 9/23/2010 	 

 

10

 

ANNEX 1

SEPARATION OF EMPLOYMENT AGREEMENT

AND GENERAL RELEASE

THIS SEPARATION OF EMPLOYMENT AGREEMENT AND GENERAL RELEASE (the “Agreement”) is made as of
this
 _____ 

day of                     ,
 _____, by and between AmerisourceBergen Corporation (the “Company”) and
                     (the “Executive”).

WHEREAS, Executive formerly was employed as                     ;

WHEREAS, Executive and Company entered into an Employment Agreement, dated                     
 _____,

 _____, (the “Employment Agreement”) which provides for certain severance benefits in the event that
Executive’s employment is terminated on account of a reason set forth in the Employment Agreement;

WHEREAS, Executive and the Company mutually desire to terminate Executive’s employment on an
amicable basis, such termination to be effective                     
 _____,
 _____ 

(the “Date of Resignation”);
and

WHEREAS, in connection with the termination of Executive’s employment, the parties have agreed
to a separation package and the resolution of any and all disputes between them.

NOW, THEREFORE, IT IS HEREBY AGREED by and between Executive and the Company as follows:

1. (a) Executive, for and in consideration of the commitments of the Company as set forth in
Paragraph 5 of this Agreement, and intending to be legally bound, does hereby REMISE, RELEASE AND
FOREVER DISCHARGE the Company, its affiliates, subsidiaries and parents, and its officers,
directors, employees, and agents, and its and their respective successors and assigns, heirs,
executors, and administrators (each, a “Releasee” and collectively, “Releasees”) from all causes of
action, suits, debts, claims and demands whatsoever in law or in equity, which Executive ever had,
now has, or hereafter may have, whether known or unknown, or which Executive’s heirs, executors, or
administrators may have, by reason of any matter, cause or thing whatsoever, from the beginning of
Executive’s employment to the date of this Agreement, and particularly, but without limitation of
the foregoing general terms, any claims arising from or relating in any way to Executive’s
employment relationship with the Company and/or its predecessors, subsidiaries or affiliates, the
terms and conditions of that employment relationship, and the termination of that employment
relationship, including, but not limited to, any claims arising under the Age Discrimination in
Employment Act, the Older Workers Benefit Protection Act (“OWBPA”), Title VII of The Civil Rights
Act of 1964, the Americans with Disabilities Act, the Family and Medical Leave Act of 1993, the
Employee Retirement Income Security Act of 1974, the Pennsylvania Human Relations Act, and any
other claims under any federal, state or local common law, statutory, or regulatory provision, now
or hereafter recognized, and any claims for attorneys’ fees and costs. This Agreement is effective
without regard to the legal nature of the claims raised and without regard to whether any such
claims are based upon tort, equity, implied or express contract or discrimination of any sort.

 

11

 

(b) To the fullest extent permitted by law, and subject to the provisions of Paragraph 10 below,
Executive represents and affirms that (i) Executive has not filed or caused to be filed on Executive’s
behalf any claim for relief against the Company or any Releasee and, to the best of Executive’s
knowledge and belief, no outstanding claims for relief have been filed or asserted against the Company
or any Releasee on Executive’s behalf; (ii) Executive has not reported any improper, unethical or illegal
conduct or activities to any supervisor, manager, department head, human resources representative, agent
or other representative of the Company, to any member of the Company’s legal or compliance departments,
or to the ethics hotline, and has no knowledge of any such improper, unethical or illegal conduct or activities;
and (iii) Executive will not file, commence, prosecute or participate in any judicial or arbitral action or
proceeding against the Company or any Releasee based upon or arising out of any act, omission, transaction,
occurrence, contract, claim or event existing or occurring on or before the date of this Agreement.

(c) Nothing in the Agreement will be deemed to release the Company from (i) claims solely to
enforce this Agreement, (ii) claims for indemnification under the Company’s By-Laws, or (iii)
claims for payment or reimbursement pursuant to any employee benefit plan, policy or arrangement of
the Company.

2. In consideration of the Company’s agreements as set forth in Paragraph 5 herein, Executive
agrees to be bound by the terms of Section 9 of the Employment Agreement.

3. Executive agrees and recognizes that Executive has permanently and irrevocably severed
Executive’s employment relationship with the Company, that Executive shall not seek employment with
the Company or any affiliated entity at any time in the future, and that the Company has no
obligation to employ Executive in the future.

4. Executive further agrees that Executive will not disparage or subvert the Company, or make
any statement reflecting negatively on the Company, its affiliated corporations or entities, or any
of their officers, directors, employees, agents or representatives, including, but not limited to,
any matters relating to the operation or management of the Company, Executive’s employment and the
termination of Executive’s employment, irrespective of the truthfulness or falsity of such
statement. The Company agrees that none of its officers, directors, employees, agents or
representatives will disparage or subvert the Executive, or make any statement reflecting
negatively on the Executive, including, but not limited to, any matters relating to the Executive’s
performance or the termination of Executive’s employment, irrespective of the truthfulness or
falsity of such statement.

5. In consideration for Executive’s agreement as set forth herein, the Company agrees that the
Company shall provide the following:

[insert description of severance benefits to which Executive is entitled under the
Employment Agreement]; and

[(b)] To the extent covered by directors’ and officers’ liability insurance on the Date
of Resignation, the Company will maintain, for no less than 6 years following the Date of
Resignation, directors’ and officers’ liability insurance covering the Executive’s potential
liability in connection with his employment by the Company in amounts and on terms that are
commensurate with the coverage provided to its active officers and directors of the Company.

6. Executive understands and agrees that the payments, benefits and agreements provided in
this Agreement are being provided to Executive in consideration for Executive’s acceptance and
execution of, and in reliance upon Executive’s representations in, this Agreement. Executive
acknowledges that if Executive had not executed this Agreement containing a release of all claims
against the Company, Executive would only have been entitled to the payments provided in the
Company’s standard severance pay plan for employees.

 

12

 

7. Executive acknowledges and agrees that the Company previously has satisfied any and all
obligations owed to Executive under any employment agreement or offer letter Executive has with the
Company and, further, that this Agreement supersedes any employment agreement or offer letter
Executive has with the Company, and any and all prior agreements or understandings, whether written
or oral, between the parties shall remain in full force and effect to the extent not inconsistent
with this Agreement, and further, that, except as set forth expressly herein, no promises or
representations have been made to Executive in connection with the termination of Executive’s
employment agreement or offer letter with the Company, or the terms of this Agreement.

8. Executive agrees not to disclose the terms of this Agreement to anyone, except Executive’s
spouse, attorney and, as necessary, tax/financial advisor. Likewise, the Company agrees that the
terms of this Agreement will not be disclosed except as may be necessary to obtain approval or
authorization to fulfill its obligations hereunder or as required by law. It is expressly
understood that any violation of the confidentiality obligation imposed hereunder constitutes a
material breach of this Agreement.

9. Executive represents that Executive does not presently have in Executive’s possession any
records and business documents, whether on computer or hard copy, and other materials (including
but not limited to computer disks and tapes, computer programs and software, office keys,
correspondence, files, customer lists, technical information, customer information, pricing
information, business strategies and plans, sales records and all copies thereof) (collectively,
the “Corporate Records”) provided by the Company and/or its predecessors, subsidiaries or
affiliates or obtained as a result of Executive’s prior employment with the Company and/or its
predecessors, subsidiaries or affiliates, or created by Executive while employed by or rendering
services to the Company and/or its predecessors, subsidiaries or affiliates. Executive
acknowledges that all such Corporate Records are the property of the Company. In addition,
Executive shall promptly return in good condition any and all beepers, credit cards, cellular
telephone equipment, business cards and computers. As of the Date of Resignation, the Company will
make arrangements to remove, terminate or transfer any and all business communication lines
including network access, cellular phone, fax line and other business numbers.

10. Nothing in this Agreement shall prohibit or restrict Executive from: (i) making any
disclosure of information required by law; (ii) providing information to, or testifying or
otherwise assisting in any investigation or proceeding brought by, any federal regulatory or law
enforcement agency or legislative body, any self-regulatory organization, or the Company’s
[designated legal, compliance or human resources officer]; or (iii) filing, testifying,
participating in or otherwise assisting in a proceeding relating to an alleged violation of any
federal, state or municipal law relating to fraud, or any rule or regulation of the Securities and
Exchange Commission or any self-regulatory organization.

11. The parties agree and acknowledge that the agreement by the Company described herein, and
the settlement and termination of any asserted or unasserted claims against the Releasees, are not
and shall not be construed to be an admission of any violation of any federal, state or local
statute or regulation, or of any duty owed by any of the Releasees to Executive.

12. Executive agrees and recognizes that should Executive breach any of the obligations or
covenants set forth in this Agreement, the Company will have no further obligation to provide
Executive
with the consideration set forth herein, and will have the right to seek repayment of all
consideration paid up to the time of any such breach. Further, Executive acknowledges in the event
of a breach of this Agreement, Releasees may seek any and all appropriate relief for any such
breach, including equitable relief and/or money damages, attorney’s fees and costs.

 

13

 

13. Executive further agrees that the Company shall be entitled to preliminary and permanent
injunctive relief, without the necessity of proving actual damages, as well as to an equitable
accounting of all earnings, profits and other benefits arising from any violations of this
Agreement, which rights shall be cumulative and in addition to any other rights or remedies to
which the Company may be entitled.

14. This Agreement and the obligations of the parties hereunder shall be construed,
interpreted and enforced in accordance with the laws of the Commonwealth of Pennsylvania.

15. Executive certifies and acknowledges as follows:

(a) That Executive has read the terms of this Agreement, and that Executive understands its
terms and effects, including the fact that Executive has agreed to RELEASE AND FOREVER DISCHARGE
the Company and each and every one of its affiliated entities from any legal action arising out of
Executive’s employment relationship with the Company and the termination of that employment
relationship;

(b) That Executive has signed this Agreement voluntarily and knowingly in exchange for the
consideration described herein, which Executive acknowledges is adequate and satisfactory to
Executive and which Executive acknowledges is in addition to any other benefits to which Executive
is otherwise entitled;

(c) That Executive has been and is hereby advised in writing to consult with an attorney prior
to signing this Agreement;

(d) That Executive does not waive rights or claims that may arise after the date this
Agreement is executed;

(e) That the Company has provided Executive with a period of twenty-one (21) days within which
to consider this Agreement, and that Executive has signed on the date indicated below after
concluding that this Agreement is satisfactory to Executive; and

(f) Executive acknowledges that this Agreement may be revoked by Executive within seven (7)
days after execution, and it shall not become effective until the expiration of such seven day
revocation period. In the event of a timely revocation by Executive, this Agreement will be deemed
null and void and the Company will have no obligations hereunder.

[SIGNATURE PAGE FOLLOWS]

 

14

 

Intending to be legally bound hereby, Executive and the Company executed the foregoing
Separation of Employment Agreement and General Release this                      day of                     ,
          .

	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Witness:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	[Executive]	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	AMERISOURCEBERGEN CORPORATION	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By: 

	 	 	 	 	 	Witness:	 	 	 	 
	 

	 
Name: 	 

	 	 	 	 	 	 

	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 
	 

	Title: 	

	 	 	 	 	 	 

	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 

 

15<PAGE>

                                                                        EX-10.01

                                                                  Execution Copy

                             SHAREHOLDERS' AGREEMENT

                                      AMONG

                          YASKAWA ELECTRIC CORPORATION

          a corporation organized and existing under the laws of Japan

            and having its registered head office in Kitakyushu shi,

                      hereinafter referred to as "YASKAWA"

                             BROOKS AUTOMATION, INC.

           a corporation organized and existing under the laws of the
                            State of Delaware, U.S.A.

                       hereinafter referred to as "BROOKS"

                                       AND

                         YASKAWA BROOKS AUTOMATION, INC.

<PAGE>

     THIS SHAREHOLDERS' AGREEMENT (this "AGREEMENT") dated as of June 30, 2006
(the "EFFECTIVE DATE") among YASKAWA ELECTRIC CORPORATION, a corporation
organized and existing under the laws of Japan ("YASKAWA"), BROOKS AUTOMATION,
INC., a corporation organized and existing under the laws of the State of
Delaware, U.S.A. ("BROOKS") and YASKAWA BROOKS AUTOMATION, INC., a corporation
organized and existing under the laws of Japan (the "CORPORATION"). Brooks and
Yaskawa are sometimes are referred to herein collectively as "SHAREHOLDERS" or
individually as a "SHAREHOLDER."

     WHEREAS, the Shareholders have established the Corporation as a joint
venture for the purpose of marketing, selling, distributing and servicing the JV
Products (as defined below) to Japanese Semiconductor Customers (as defined
below);

     WHEREAS, concurrently with the execution of this Agreement (i) Yaskawa and
the Corporation are entering into the Yaskawa Japan Robot Supply Agreement,
dated the date hereof and (ii) Brooks and the Corporation are entering into the
Brooks Japan Robot Supply Agreement, dated the date hereof (collectively, the
"SUPPLY AGREEMENTS");

     NOW, THEREFORE, in consideration of the mutual covenants and premises set
forth below, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as
follows:

                           ARTICLE 1: CAPITALIZATION.

     1.1 Initial Capital. The Shareholders agree that, in order to effectuate
its business objectives, the Corporation shall require total equity capital of
JY450,000,000. It is further understood and agreed that the Shareholders'
respective shares of common stock of the Corporation to be purchased on the
Operations Commencement Date (which excludes the shares of common stock that
were purchased by the Shareholders in connection with the establishment of the
Corporation) shall be:

<TABLE>
<CAPTION>
Name      Ratio   Number of Shares    Share Price
----      -----   ----------------    -----------
<S>       <C>     <C>                <C>
Yaskawa   50%            225         JY225,000,000
Brooks    50%            225         JY225,000,000
</TABLE>

The "OPERATIONS COMMENCEMENT DATE" shall be September 21, 2006, which date may
be changed by the mutual agreement of the Shareholders.

     1.2 Additional Capital Requirements. In the event that the Corporation
shall require additional funds for its operations and activities that the
parties decide shall not be covered by the subscribed and paid-up capital, such
additional funds shall be secured by the Corporation by such means (including
procuring loans from independent sources and/or issuing bonds, debentures or
other debt securities) as the Shareholders may mutually agree in writing.

     1.3 Antidilution. Yaskawa and Brooks, as the original parties to this
Agreement, acknowledge and understand that the initial capitalization of the
Corporation calculated on a fully-diluted

                                       2

<PAGE>

basis, as of the date hereof and as of the Operations Commencement Date, shall
be as follows: Yaskawa and Brooks each holds or will hold, as applicable, 50% of
the outstanding capital stock of the Corporation. The Corporation shall not
issue any additional capital stock or take any other action affecting the
capitalization of the Corporation unless (i) appropriate measures are taken to
preserve the above described percentages or (ii) each of the Shareholders
consents in writing to such issuance or action.

                ARTICLE 2: GOVERNANCE; ORGANIZATIONAL STRUCTURE.

     2.1 Independence of the Corporation. The Shareholders agree that it is a
fundamental principle that the Corporation be managed and operated as a company
independent of the Shareholders. The Shareholders may provide guidance and
advice to the Corporation, provided that, at all times, the Corporation shall,
through its board of directors, have the complete discretion, subject to the
provisions of this Agreement, of the Articles of Incorporation of the
Corporation and of applicable Japanese law, to take its own decisions in the
best interests of the Corporation.

     2.2 Shareholders Meetings. The Shareholders shall have the right to vote on
such activities and in the manner as set forth in the Articles of Incorporation
of the Corporation and in accordance with applicable law. Each of Yaskawa and
Brooks shall vote its shares in the Corporation so that the directors and
corporate auditors of the Corporation are, at all times (subject only to such
reasonable periods as are necessary for the filling of vacancies), the
individuals specified in Section 2.4.1 and Section 4.5, respectively.

     2.3 Steering Committee.

          2.3.1 A steering committee of six members shall be formed that will be
composed of the President and Executive Vice President of the Corporation and
four additional members. Yaskawa shall have the right to appoint and have
removed two of such additional members, and Brooks shall have the right to
appoint and have removed the other two additional members.

          2.3.2 The steering committee shall have the broadest powers to
supervise the business and operations of the Corporation, except for those
matters that are explicitly reserved for the shareholders of the Corporation or
the directors of the Corporation or as may be otherwise required by applicable
law.

          2.3.3 Each of the Shareholders will appoint to serve on the steering
committee individuals who have responsibility over the related business of the
Corporation in such Shareholder's organization.

          2.3.4 The steering committee may establish advisory committees for
specific purposes and each such advisory committee shall consist of an equal
number of members to be appointed by each of the Shareholders.

          2.3.5 To the extent permitted by applicable law, certain of the
actions of the board of directors, set forth in this Agreement and Exhibit I,
shall be submitted for consideration to the steering committee and no action may
be taken on such matters without its approval.

                                       3

<PAGE>

          2.3.6 Further rules and procedures for the steering committee shall be
as set forth on Exhibit I (the "STEERING COMMITTEE RULES").

     2.4 Board of Directors.

          2.4.1 The board of directors of the Corporation shall consist of four
members, the President, the Executive Vice President, and two additional
members, one of whom shall be nominated and may be removed by Yaskawa, and the
remaining one of whom shall be nominated and may be removed by Brooks.

          2.4.2 As indicated in Section 2.3.5 and the Steering Committee Rules,
to the extent permitted by applicable law, certain actions of the board of
directors shall require prior approval of the steering committee.

          2.4.3 If unanimity on a decision to be taken by the board of directors
cannot be reached, the matter shall be referred to the steering committee, and
each of the Shareholders shall cause the directors nominated by the respective
Shareholder to vote for such matter as determined by the steering committee in
accordance with this Section.

          2.4.4 Annually, the board shall, to the extent permitted by applicable
law, submit a proposal for the Budget (as defined below) for the following
fiscal year for approval by the steering committee as set forth in Section 6.1.
For actions within the scope of the approved Budget, the board of directors
shall not require additional approval of the steering committee, except as
otherwise stated in the rules of procedure for the steering committee or as
provided in this Agreement (subject to applicable law).

          2.4.5 Further rules and procedures for the board of directors shall be
as set forth on Exhibit II.

     2.5 Management.

          2.5.1 The top executives and representative directors of the
Corporation shall be the President and the Executive Vice President. Other
management employees shall be as determined by the board of directors. Yaskawa
shall have the right to nominate and have removed the President, and Brooks
shall have the right to nominate and have removed the Executive Vice President.
The Shareholders shall cause their respective appointees or nominees (as
applicable) on the steering committee and the board of directors to cause (i)
the appointment (and, at the direction of Yaskawa, removal and replacement) of
Yaskawa's nominee as the President and (ii) the appointment (and, at the
direction of Brooks, removal and replacement) of Brooks' nominee as the
Executive Vice President. Other executive managing directors and managing
directors of the Corporation shall be elected by the board of directors as
provided in the Articles of Incorporation of the Corporation.

          2.5.2 The President and the Executive Vice President shall jointly
manage and direct the business of the Corporation. The President and the
Executive Vice President shall cooperate closely. The President shall be in
charge of the overall business of the Corporation and shall supervise the
actions of the other management employees of the Corporation (other than the
Executive Vice President). The

                                       4

<PAGE>

authority of the President and the Executive Vice President shall be as
established by the board of directors and, to the extent permitted by applicable
law, the steering committee. The President and Executive Vice President shall
jointly prepare all documents to be submitted to the steering committee and the
general meeting of shareholders as well as the reports to be submitted to the
shareholders.

     2.6 Organizational Structure. The Corporation shall have the organizational
structure set forth in the Business Plan attached hereto as Exhibit VI (the
"ORGANIZATIONAL CHART"), as such structure may be amended from time to time by
the President and the Executive Vice President acting jointly with the approval
of the board of directors and, if permitted by applicable law, consent of the
steering committee.

                      ARTICLE 3: TRANSFER OF COMMON STOCK.

     3.1 Transfers by Shareholders Prohibited Without Consent. Unless otherwise
expressly permitted by Section 3.2, no Shareholder, nor any successor and assign
thereof, may directly or (subject to the last sentence of this Section 3.1)
indirectly sell, assign, pledge, encumber, hypothecate or otherwise transfer
("TRANSFER") any interest in any of such Shareholder's common stock in the
Corporation or permit any such interest to be subject to Transfer, directly or
indirectly, by operation of law or agreement, without obtaining the prior
written consent of the other Shareholder and their successors and assigns.
Notwithstanding the receipt of prior written consent, any such permitted or
approved Transfer shall be null and void and the Corporation shall, to the
extent permitted by applicable law, refuse to recognize such Transfer: (i) if
such Transfer would be made in a transaction which would violate any applicable
securities laws, rules or regulations; and (ii) unless the transferee shall
execute and deliver to each party hereto an agreement acknowledging that all
shares of or interest in any common stock in Corporation so transferred are and
shall remain subject to this Agreement, and agreeing to be personally bound
hereby. Any purported Transfer in any other manner shall be null and void, and
shall, to the extent permitted by applicable law, not be recognized or given
effect by the parties hereto. Notwithstanding anything to the contrary in this
Agreement, for the avoidance of doubt, a Change of Control of a Shareholder
shall not constitute a Transfer for the purposes of this Section 3.1.

     3.2 Transfers by Shareholders to Permitted Transferees.

          3.2.1 Each Shareholder may at any time, after prior written notice to
the other Shareholder, Transfer any or all of such Shareholder's shares of or
interests in common stock in the Corporation to (i) a wholly-owned direct or
indirect subsidiary of such Shareholder (a "PERMITTED TRANSFEREE") or (ii) in
connection with the sale by a Shareholder of all or substantially all of such
Shareholder's assets. A Permitted Transferee may Transfer shares of or any
interest in any common stock (i) to the Shareholder from which it received such
shares or interest or (ii) to another Permitted Transferee of such Shareholder.

          3.2.2 Notwithstanding Section 3.2.1, any such Transfer shall be null
and void and Corporation shall, to the extent permitted by applicable law,
refuse to recognize such Transfer: (i) if such Transfer would be made in a
transaction that would violate any applicable securities laws, rules or
regulations; and (ii) unless the transferee executes and delivers to each party
hereto an agreement

                                       5

<PAGE>

acknowledging that all shares of or interests in any common stock in Corporation
so transferred are and shall remain subject to this Agreement and agreeing to be
personally bound hereby. A Permitted Transferee under Section 3.2.1 must also
agree, as a condition precedent to any Transfer under Section 3.2.1, to: (I)
become a party to this Agreement in addition to and not as a substitute for the
transferor and (II) appoint the original Shareholder of the shares or interest
it is receiving as such transferee's proxy in voting all such transferred shares
or interests and in any subsequent shares that may be issued by the Corporation
to such Permitted Transferee, and in exercising its rights under Article 2
regarding the nomination, election and replacement of directors, the members of
the steering committee, the corporate auditors, and the President or the
Executive Vice President (as applicable), for so long as this Agreement remains
in effect. Such proxy shall be irrevocable. No transfer by a Shareholder or any
of its Permitted Transferees under Section 3.2.1 shall release such original
Shareholder from any obligations or liabilities under this Agreement.

          3.2.3 Any Shareholder or Permitted Transferee intending to Transfer
any shares of or interests in common stock in the Corporation pursuant to this
Section 3.2 shall notify the Shareholders of any intended Transfer 10 days prior
to such Transfer, giving the name and address of the intended Permitted
Transferee and the Permitted Transferee's status as set forth in Section 3.2.1
hereof; provided, however, that no otherwise valid Transfer shall be rendered
invalid solely as a result of a failure to give notice hereunder. The
Shareholders shall use their respective commercially reasonable efforts
(including, without limitation, causing their respective nominees then serving
on the board of directors to take all necessary actions) to cause the
Corporation to effect any Transfer to a Permitted Transferee made (or to be
made) in accordance with this Agreement.

               ARTICLE 4: BOOKS AND RECORDS, FISCAL YEAR, AUDITS.

     4.1 Full and accurate books of account, financial records and annual
financial statements shall be made according to Japanese and internationally
accepted accounting principles, specifically US GAAP, showing the true condition
of the business and finances of the Corporation and the share ownership of each
Shareholder. They shall be kept at the principal office of the Corporation. Each
Shareholder, or its designated representatives, shall have access to and may
inspect and copy any part thereof.

     4.2 The Corporation shall forward internal monthly financial reports to
each Shareholder. Additionally, the Corporation shall forward quarterly
financial reports to each Shareholder, which reports shall be presented in such
format and shall contain such information, and which reports shall be reviewed
in accordance with accounting standards required of similar corporations in
Japan by a reputable international firm of certified public accountants
appointed by the steering committee (the "CORPORATION'S ACCOUNTANTS") to such
extent, as either Shareholder shall reasonably request based on such
Shareholder's reporting requirements. In addition, the Corporation shall prepare
or cause to be prepared, in a manner reasonably calculated to allow Brooks to
comply with its US financial reporting requirements (including earnings
announcements), and furnished to each of the Shareholders (i) not later than 45
days after the end of each of the Corporation's fiscal quarters (other than the
last quarter of the Corporation's fiscal year), quarterly financial statements
of the Corporation and its subsidiaries (if any) on a consolidated basis, in
customary form, prepared in accordance with US GAAP and reviewed by the
Corporation's

                                       6

<PAGE>

Accountants, and (ii) not later than 45 days after the end of each fiscal year
of the Corporation, annual financial statements of the Corporation and its
subsidiaries (if any) on a consolidated basis, in customary form, prepared in
accordance with US GAAP and audited by the Corporation's Accountants.

     4.3 The initial fiscal year of the Corporation shall begin on the day of
the calendar year that the Corporation was incorporated and shall end on March
20, 2007, and each succeeding fiscal year shall start with March 21 and end on
March 20 of the following year. At the end of each fiscal year, an audit of the
Corporation's financial statements, at the Corporation's expense, shall be
performed by the Corporation's Accountants if required by Japanese law. In
addition, if Brooks reasonably so requests, the Corporation shall cause an audit
of the Corporation's financial statements to be performed by the Corporation's
Accountants on an annual basis as of the end of Brooks' fiscal year, and such
audit shall be performed, and the Corporation's audited financial statements
resulting therefrom shall be furnished to the Shareholders, in such manner and
at such time as to allow the inclusion of the Corporation's annual audited
financial statements as of the end of Brooks' fiscal year in the annual audited
financial statements of Brooks prepared for the purpose of compliance with
Brooks' US financial reporting requirements.

     4.4 Each of the Shareholders shall be entitled to have the books and
accounts of the Corporation examined by their own audit division or by external
auditors during office hours. The Shareholder who intends to perform such an
audit shall inform the Corporation and the other Shareholder thereof with a 14
days' advance notice. The staff of the Corporation shall render all assistance
if such examination takes place. The cost of the additional audit shall be borne
by the Shareholder requesting the audit.

     4.5 The Corporation shall have the corporate auditor(s) (Kansayaku)
prescribed by law, provided that the Corporation shall have at least two such
auditors. Yaskawa may nominate a full time auditor, Brooks shall be entitled to
nominate an auditor, and the Corporation shall be entitled to nominate the third
auditor, if required. The Shareholders shall approve appointments of these
nominees as corporate directors at a shareholders meeting of the Corporation.

     4.6 The Corporation shall bear and pay for the first US$50,000 per fiscal
year of the Corporation of incremental fees and disbursements of the
Corporation's Accountants payable by the Corporation in connection with the
financial reporting and auditing relating to such fiscal year and described in
the last sentence of Section 4.2 and the last sentence of Section 4.3 and any
other costs relating to reporting and auditing in accordance with US GAAP, as
compared with the fees and disbursements of the Corporation's Accountants
payable by the Corporation in connection with the financial reporting and
reviews relating to such fiscal year and described elsewhere in Section 4.2 and
Section 4.3. Brooks shall reimburse the Corporation for any excess of such
incremental fees and disbursements of the Corporation's Accountants (to the
extent the same are reasonable and documented) over US$50,000 per fiscal year of
the Corporation; provided that the Corporation shall allow Brooks, if Brooks
desires to do so, to discuss such incremental third party costs subject to
reimbursement by Brooks hereunder with the Corporation's Accountants prior to
the incurrence of the same by the Corporation.

                                       7

<PAGE>

                         ARTICLE 5: STOCK CERTIFICATES.

     5.1 A copy of this Agreement shall be kept with the records of the
Corporation. With regard to shares of stock of the Corporation, the Corporation
shall initially not issue share certificates.

     5.2 To the extent that share certificates are subsequently issued and
exist, each of the Shareholders hereby agrees that each outstanding certificate
representing shares of common stock of the Corporation shall bear an endorsement
indicating that the securities represented by such certificate are subject to
the provisions of a Shareholders' Agreement, dated as of __________, 2006, by
and among the Corporation and its Shareholders and may not be sold, pledged,
hypothecated, encumbered, disposed of or otherwise transferred except in
accordance therewith.

                       ARTICLE 6: BUDGET; PROFIT-SHARING.

     6.1 Budget

          6.1.1 For each of the Corporation's fiscal years (or portions
thereof), for so long as the Corporation continues in existence hereunder, the
Corporation shall adopt an annual operating budget (the "BUDGET") in accordance
with the provisions of this Section 6.1. The Business Plan for the initial
fiscal year is attached hereto as Exhibit VI and the financial information
contained in the Business Plan shall constitute the Budget for the fiscal year
ending March 20, 2007.

          6.1.2 The Shareholders desire that each Budget be approved (subject to
applicable law) by the steering committee before the beginning of the fiscal
year covered by the relevant Budget (the "BUDGET FINALIZATION DATE").
Accordingly, prior to the commencement of the second and each subsequent fiscal
year of the Corporation, the board of directors shall submit guidelines for a
proposed Budget for the next fiscal year to the steering committee. The
guidelines for each proposed Budget shall include and set forth:

               (i) a proposed detailed operating budget and capital budget for
the next fiscal year of the Corporation (broken down by quarter), including line
items and schedules for each significant aspect of the activities of the
Corporation, projected income and cash flows, expenditures and expenses of the
Corporation and all other direct costs of the Corporation, as well as a reserve
for contingencies, and a projected balance sheet;

               (ii) projections as to any and all cash requirements and/or
financing needs for the next fiscal year of the Corporation; and

               (iii) such supporting documents as may reasonably be requested by
any member of the steering committee for purposes of verifying the accuracy,
appropriateness and reasonableness of the particular Budget submitted, all in
such detail as any member of the steering committee may reasonably request.

          6.1.3 Prior to the meeting of the steering committee, each member of
the steering committee shall have the right to propose, by notice delivered to
the steering committee, revisions to the

                                       8

<PAGE>

proposed guidelines desired by such member. A meeting of the steering committee
shall be called for the purpose of considering the guidelines and (subject to
applicable law) adopting the relevant Budget, not later than the Budget
Finalization Date for such Budget. At such meeting, the steering committee shall
consider (i) whether to adopt the initially submitted guidelines as the relevant
Budget, or (ii) whether to adopt the relevant Budget as modified by one or more
such proposed revisions. If the steering committee does not approve a Budget for
a fiscal year, the Budget for the preceding fiscal year shall continue in effect
until the steering committee adopts a new Budget at a meeting of the steering
committee.

     6.2 Vacuum Business Economics. Promptly after the Effective Date, the
members of the steering committee shall consider and make reasonable efforts to
reach agreement on an allocation of the profits from sales of Brooks' Automation
Products to Japanese Semiconductor Customers.

     6.3 Employee. Brooks agrees to make available to the Corporation the
services of one engineer of Brooks, who shall be reasonably acceptable to the
Corporation, for the period from the Operations Commencement Date through
February 28, 2007, to provide services and support, to the extent that the
management of the Corporation determines that the services of such engineer are
required.

               ARTICLE 7: CONFIDENTIALITY; INTELLECTUAL PROPERTY.

     7.1 Confidential Information. During the term of this Agreement, the
Shareholders may exchange certain of their respective Confidential Information
with one another and with the Corporation and may receive Confidential
Information of the Corporation or the other Shareholder from the Corporation.
"CONFIDENTIAL INFORMATION" shall mean all data and information owned by or in
possession of either of the Shareholders or the Corporation, that is not
generally known to the public, whether of a technical, business or other nature
(including, without limitation, inventions, trade secrets, know-how and
information relating to the customers, business plans, promotional and market
activities, finances and other business affairs of such party) that is disclosed
by a party (the "DISCLOSING PARTY"), to another party (the "RECEIVING PARTY") in
furtherance of this Agreement and the purposes of the Corporation. Confidential
Information shall not include information that (i) was in the public domain, in
its entirety in a unified form, at the time of disclosure to the Receiving
Party; (ii) was known by the Receiving Party prior to its disclosure by the
Disclosing Party; (iii) becomes part of the public domain after the date of
disclosure by the Disclosing Party through no fault of the Receiving Party; or
(iv) is disclosed by a third party to the Receiving Party after the date of
disclosure by the Disclosing Party, where the third party did not require the
Receiving Party to hold such information in confidence and did not acquire such
information directly or indirectly from the Disclosing Party.

     7.2 Non-Disclosure and Non-Use. The Receiving Party agrees to treat as
secret and hold in strict confidence all Confidential Information it receives
from the Disclosing Party in connection with their cooperation or otherwise in
connection with the Corporation or its business, activities or affairs. The
Receiving Party agrees that it will not disclose any Confidential Information to
any other Person without the prior written permission of the Disclosing Party
(or as otherwise specifically provided in this Agreement). The Receiving Party
also agrees that it will only use the Confidential Information received in
connection with this Agreement and the business of the Corporation and (if the
Receiving Party is a Shareholder) in connection with monitoring and evaluating
the Receiving Party's investment in, and

                                       9

<PAGE>

business relationship with, the Corporation and the exercise of the Receiving
Party's rights and performance of the Receiving Party's obligations under this
Agreement, the Articles of Incorporation of the Corporation, the Supply
Agreements and other instruments, agreements and arrangements that are or may be
entered into by the parties in connection with the Corporation and its business.
The Receiving Party agrees that only (i) its employees with a bona fide need to
know, and who have signed an appropriate confidentiality agreement, (ii) its
attorneys, accountants and other professional advisors subject to obligations of
confidentiality, (iii) its officers and directors and (iv) any potential
acquirer, investor or lender in connection with any potential sale of all or
substantially all of the assets or equity securities of the Receiving Party or
any potential merger or consolidation in which the Receiving Party, is a
constituent party, or a potential investment in or loan to the Receiving Party
as applicable (including any investment or commercial bankers, legal counsel,
and any other advisors in connection with the performance of customary due
diligence by such potential acquirer, investor or lender), in each case subject
to obligations of confidentiality, shall be provided access to the Confidential
Information of the Disclosing Party; provided that Confidential Information may
not be provided pursuant to clause (iv) to any change of control entity of the
Disclosing Party as indicated in Schedule C. In the event the Receiving Party is
required by court order, by the rules of any exchange or market on which the
Receiving Party's securities are traded, or by law or legal process, to disclose
Confidential Information of the Disclosing Party, the Receiving Party shall, to
the extent lawful, inform the Disclosing Party in writing prior to making such
disclosure to provide sufficient time to request a protective order or other
appropriate measure, and the Receiving Party will disclose only such information
that is legally required and will use its commercially reasonable efforts to
obtain confidential treatment for any Confidential Information that is so
disclosed. The obligations imposed by this Section 7.2 shall survive the
termination of this Agreement.

     7.3 Ownership of Intellectual Property.

          7.3.1 Existing Intellectual Property. All rights to Confidential
Information, trade secrets, know-how, inventions, patents, patent applications,
copyrights, trademarks and trade names ("INTELLECTUAL PROPERTY") owned or
licensed by a Shareholder (the "SHAREHOLDER INTELLECTUAL PROPERTY") shall be
fully retained by that Shareholder, and no rights or licenses are provided under
this Agreement to the other Shareholder or the Corporation.

          7.3.2 New Intellectual Property. In the event the Corporation develops
any Intellectual Property that is an improvement to, modification of or
otherwise based on the Shareholder Intellectual Property of only one
Shareholder, the new Intellectual Property shall be owned by that Shareholder
with a non-exclusive, fully-paid, non-transferable license being granted to the
Corporation (but not to the other Shareholder) for use of that new Intellectual
Property in connection with the development, manufacture, use, sale, or other
distribution of all current and future products of the Corporation during the
term of this Agreement. In the event that the Corporation develops any
Intellectual Property that is not an improvement to, modification of or
otherwise based on the Shareholder Intellectual Property of a Shareholder or is
an improvement to, modification of or is otherwise based on the Shareholder
Intellectual Property of both Shareholders, the new Intellectual Property shall
be owned by the Corporation with a non-exclusive, fully-paid, non-transferable
(except in connection with a permitted assignment of this Agreement), perpetual
license to develop, make, have made, import, sell, offer to sell any products
being

                                       10

<PAGE>

granted to each Shareholder, with no license to either Shareholder of any of the
Shareholder Intellectual Property of the other Shareholder.

               ARTICLE 8: SUPPLY AND DISTRIBUTION OF JV PRODUCTS

     8.1 After the Operations Commencement Date and during the term of this
Agreement, neither Yaskawa or its Affiliates or Permitted Transferees nor Brooks
or its Affiliates or Permitted Transferees shall market, offer and/or sell,
directly or indirectly, any JV Products, or replacements therefor, to a Japanese
Semiconductor Customer, or license, finance or otherwise assist any other Entity
to market or sell, directly or indirectly, the JV Products to a Japanese
Semiconductor Customer, in each case except through the Corporation; provided,
however, that, notwithstanding anything to the contrary herein, Yaskawa is
permitted to manufacture, market and sell the JV Products listed on Schedule B
to the Japanese Semiconductor Customers listed on Schedule B until such time as
the marketing and sale of such JV Products may be transferred by Yaskawa to the
Corporation without consent of any third party providing development funding for
the relevant such JV Product. It is expressly understood that the direct and
indirect sale and distribution of JV Products for applications other than in the
Semiconductor Industry shall be allowed.

     8.2 The Shareholders intend to make available to the Corporation, as
contemplated by and subject to the terms and conditions of the Supply
Agreements, their entire respective semiconductor automation product lines. The
Corporation will select and combine the very best of these products lines to
supply Japanese Semiconductor Customers with JV Products offering the highest
product quality and service, all in accordance with and subject to the terms and
conditions of this Agreement and the Supply Agreements. Towards this end, the
parties acknowledge that: (i) Brooks has superior products in certain areas and,
except for Yaskawa's current customer programs in place as of the time of this
Agreement identified on Schedule A, which will continue through the current
product cycle with respect to products being supplied to the relevant customer
by Yaskawa and its Affiliates as of the date of this Agreement, and as otherwise
provided on Schedule A, Brooks shall be the Corporation's preferred supplier for
the Brooks Products; and (ii) Yaskawa has superior products in certain areas and
shall be the Corporation's preferred supplier for Yaskawa Products. Any
procurement by the Corporation of Brooks Products or Yaskawa Products that is
inconsistent with the Shareholders' respective preferred supplier status as set
forth in this Section 8.2 shall require the prior approval of the President and
the Executive Vice President acting jointly. The Corporation may purchase JV
Products, other than Brooks Products or Yaskawa Products, from either Yaskawa or
Brooks.

     8.3 The obligations of Yaskawa and Brooks set forth in this Section 8 shall
survive any Transfer of shares of the Corporation to a Permitted Transferee as
permitted by Section 3.2.1.

                        ARTICLE 9: TERM AND TERMINATION.

     9.1 Term. The term of this Agreement shall commence on the Effective Date
and shall continue in full force and effect for a period of 10 years thereafter
(or such longer and/or additional period as may be necessary to effect the
provisions of Section 13.11). At any time, at least 36 months prior to end of
the initial 10-year term or any extension term, either Shareholder may send
written notice to the

                                       11

<PAGE>

other Shareholder of the notifying Shareholder's desire to extend the term of
this Agreement. If each Shareholder has timely expressed a desire to extend the
then current term of the Agreement (with no other modifications) by written
notice (an "EXTENSION NOTICE") to the other, then the term shall be
automatically extended for an additional five-year term. If either Shareholder
fails to timely provide an Extension Notice with respect to the applicable
extension term, then the Agreement shall terminate at the end of the then
current term, unless the Agreement is extended and/or modified by the mutual
written agreement of the parties.

     9.2 Termination. Prior to the end of the term, the Shareholders may
terminate this Agreement, as provided below:

          9.2.1 The Shareholders may terminate this Agreement by mutual written
consent;

          9.2.2 Subject to Section 9.3, either Shareholder may terminate this
Agreement, in the event that the other Shareholder undergoes a Change of
Control, by written notice (the "SECTION 9.2.2 NOTICE") to the other Shareholder
and to the Corporation;

          9.2.3 Either Shareholder may terminate this Agreement, by written
notice to the other Shareholder and to the Corporation, in the event that a
Governmental Entity of competent jurisdiction shall have issued a nonappealable
final order, decree or ruling or taken any other nonappealable final action, in
each case having the effect of restraining, enjoining, terminating or otherwise
prohibiting (i) the continued existence of the Corporation, or (ii) the
continued ownership by either Shareholder of shares of common stock of the
Corporation; and

          9.2.4 Subject to Section 9.3, a Shareholder with respect to which no
Default Event has occurred (the "NON-DEFAULTING SHAREHOLDER") may terminate this
Agreement by giving written notice (the "SECTION 9.2.4 NOTICE") to the other
Shareholder with respect to which a Default Event has occurred (the "DEFAULTING
SHAREHOLDER") and to the Corporation. The following are each a "DEFAULT EVENT":

               (i) if (I) the Defaulting Shareholder has materially breached
this Agreement or its Supply Agreement with the Corporation (subject to Section
9.2.5), (II) the Non-Defaulting Shareholder has given the Defaulting Shareholder
written notice of such breach, describing such breach in reasonable detail,
(III) the Defaulting Shareholder has failed to cure such breach within 62 days
of receiving the notice of breach with respect thereto pursuant to clause
(i)(II) of this Section 9.2.4 (or, in the event that an additional cure period
is granted by the arbitrators in accordance with Section 11.2, during such
additional cure period), and (IV) the parties have not been able to agree upon
an adequate remedy (other than termination) for such breach;

               (ii) the Defaulting Shareholder shall (I) file a petition in
bankruptcy, (II) petition or apply to any tribunal for the appointment of a
receiver or any trustee for it or a substantial part of its assets, (III)
commence any proceeding under any bankruptcy, reorganization, arrangement,
readjustment of debt, dissolution or liquidation law or statute of any
jurisdiction, or (IV) make an assignment for the benefit of creditors or take
any other similar action for the protection or benefit of creditors; or if there
shall have been filed any such petition or application, or any such petition
shall have

                                       12

<PAGE>

been commenced against it, in which an order for relief is entered or which
remains un-dismissed for a period of 60 days or more; or the Shareholder shall
consent in writing to any such petition, application or proceeding or order for
relief or the appointment of a receiver or any trustee for it or any substantial
part of any of its properties, or shall suffer any such receivership or
trusteeship to continue un-discharged for a period of 60 days or more;

               (iii) all or any portion of the Defaulting Shareholder's shares
in the Corporation are levied upon or attached (other than by the Non-Defaulting
Shareholder) in any proceeding, including any suit in equity, action at law or
other judicial, arbitral or administrative proceeding, and that levy or
attachment is not vacated or discharged within 60 days after the date on which
it is made; or

               (iv) there is a Transfer of the Defaulting Shareholder's shares
of common stock in the Corporation, except in compliance with Article 3.

          9.2.5 Notwithstanding anything to the contrary herein, no violation or
breach of Section 7.1 or Section 7.2 of this Agreement by a Shareholder (or its
officers, directors, employees, agents or representatives) shall constitute a
Default Event unless such violation or breach is directly attributable to either
Corporate Conduct or Disregard of Security (in each case, as defined below). For
purposes of this Section 9.2.5:

               (i) "CORPORATE CONDUCT" shall mean any action or omission of an
officer, director, employee, agent or representative of the relevant Shareholder
that is either (A) clearly sanctioned, knowingly condoned, directed or ratified
by the senior management or the Board of Directors of such Shareholder, or (B)
expressly permitted by the then-effective policies promulgated by the senior
management or the Board of Directors of such Shareholders;

               (ii) "DISREGARD OF SECURITY" shall mean the relevant
Shareholder's failure to maintain reasonable measures, customary in the
industry, calculated to protect confidential and/or proprietary information in
the possession of such Shareholder (including Confidential Information) from
impermissible disclosure and misuse, provided that any such failure shall be
determined on an aggregate basis considering all such measures maintained by
such Shareholder taken as a whole; and

               (iii) For the avoidance of doubt, by way of example but not
limitation, no Default Event shall be deemed to occur by reason of any (A)
action or omission of any officer, director, employee, agent or representative
of a Shareholder (whether intentional, willful, reckless, grossly negligent or
otherwise) that does not satisfy the requirements of either clause (i)(A) or
clause (i)(B) above, (B) any failure by a Shareholder to maintain a particular
information security measure as long as the measures maintained by such
Shareholder that are calculated to protect confidential and/or proprietary
information in the possession of such Shareholder, when viewed in the aggregate,
represent a level of information security that is reasonable and customary in
the industry, or (C) any violation or breach of Section 7.1 or Section 7.2 does
not satisfy the requirements of either clause (i)(A) or clause (i)(B) above and
that does not cause actual harm or damage to the Disclosing Party or its
business operations.

     9.3 Limitations on Certain Termination Rights.

          9.3.1 No Section 9.2.2 Notice may be given by a Shareholder with
respect to a Change of Control affecting the other Shareholder, and this
Agreement may not be terminated pursuant to

                                       13

<PAGE>

Section 9.2.2 by reason of such Change of Control, after expiration of 60 days
after the date on which notice of the occurrence of such Change of Control is
given to the terminating Shareholder.

          9.3.2 No Section 9.2.4 Notice may be given by the Non-Defaulting
Shareholder pursuant to Section 9.2.4(i) with respect to a material breach of
this Agreement by the Defaulting Shareholder, and this Agreement may not be
terminated by reason of such breach, after expiration of 120 days after the last
day of the last cure period applicable hereunder with respect to such breach
(including, without limitation, any additional cure period granted by the
arbitrators in accordance with Article 11 or any other extension of such cure
period granted by the Non-Defaulting Shareholder.

          9.3.3 No Section 9.2.4 Notice shall be effective (other than for the
purpose of commencing the applicable cure period under Section 9.2.4(i)), and
this Agreement shall continue in full force and effect, until the earlier of:
(i) the date on which the Shareholders agree in writing that the Non-Defaulting
Shareholder has the right to terminate this Agreement; or (ii) one of the
following dates depending on whether or not either party elects to commence the
dispute resolution procedures under Article 11 (I) if either Shareholder
commences the dispute resolution procedures contemplated by Article 11 with
respect to such Section 9.2.4 Notice within 30 days after such delivery in
accordance with Section 13.3, then the date on which the final decision or award
of the arbitrators grants the Non-Defaulting Shareholder such right; or (II) if
neither party commences the procedures contemplated by Article 11 within 30 days
after such delivery, then the date on which the cure period, if any, expires
without the breach being remedied or cured or if there is no cure period, then
the date on which such notice is given.

     9.4 Effects of Termination.

          9.4.1 If this Agreement terminates pursuant to the provisions of
Section 9.2.1, 9.2.2, 9.2.3 or 9.2.4, unless the Shareholders otherwise agree in
writing:

               (i) All of the rights and obligations of the parties under this
Agreement shall terminate, except that the provisions of Sections 7.1, 7.2, 7.3
and 9.4.2 and Articles 11 and 13 (together with, in each case, all related
definitions) shall survive such termination.

               (ii) Each of the agreements between the Corporation, on the one
hand, and either or both Shareholders (or their respective Affiliates), on the
other hand, shall terminate as of the effective date of the termination of this
Agreement.

               (iii) Each of the Shareholders shall assume all of the rights,
obligations and service commitments of the Corporation relating to the products
of such Shareholder distributed by the Corporation.

               (iv) Subject to Section 13.11, the Corporation shall be dissolved
according to Article 10 and the Shareholders shall cause the Corporation to
dissolve.

          9.4.2 For a period of 10 years after termination of this Agreement,
(i) neither Yaskawa nor any of Yaskawa's Affiliates shall offer and/or sell,
directly or indirectly, Brooks Products to Japanese Semiconductor Customers or
license, finance or otherwise assist any other entity to market or sell Brooks

                                       14

<PAGE>

Products to Japanese Semiconductor Customers except to the extent Yaskawa's
Brooks Products were being sold by Yaskawa to Japanese Semiconductor Customers
at the time of termination of this Agreement in compliance with the terms of
this Agreement and (ii) neither Brooks nor any of Brooks' Affiliates shall offer
and/or sell, directly or indirectly, Yaskawa Products to Japanese Semiconductor
Customers or license, finance or otherwise assist any other entity to market or
sell Yaskawa Products to Japanese Semiconductor Customers except to the extent
that Brooks' Yaskawa Products were being sold by Brooks to Japanese
Semiconductor Customers at the time of termination of this Agreement in
compliance with the terms of this Agreement. The parties acknowledge that, after
termination of this Agreement (I) it would be difficult or impossible to
separate and distinguish between Brooks' Intellectual Property and Yaskawa's
Intellectual Property learned or acquired by the employees of the Corporation
and/or the Shareholders (including employees of the Shareholders transferred to
the Corporation and former employees of the Corporation engaged by a Shareholder
after termination of this Agreement), and (II) the provisions of this Section
9.4.2 are reasonably necessary to protect Brooks' and Yaskawa's rights in their
respective Intellectual Property and the goodwill associated therewith. If the
termination of this Agreement is the result of a breach by a Defaulting
Shareholder, then such Defaulting Shareholder shall have no right to enforce
this Section 9.4.2 following the termination of this Agreement.

                            ARTICLE 10: DISSOLUTION.

     10.1 Dissolution. The Corporation shall be dissolved if so decided by the
Shareholders or as otherwise provided in this Agreement or by law. If the
Corporation is to be dissolved it shall be liquidated and dissolved in
accordance with the applicable laws and general practice in Japan. Except as
otherwise provided in Section 9.4.1(iii), the net assets of the Corporation
shall be distributed among the Shareholders pro rata to their respective
holdings of shares of common stock of the Corporation at the time of
dissolution.

                        ARTICLE 11: DISPUTE RESOLUTION.

     11.1 Voluntary Resolution of Disputes. Any claims, differences, disputes or
controversies arising out of or in connection with this Agreement, the Articles
of Incorporation of the Corporation, either of the Supply Agreements or any
other instrument, agreement or arrangement that is or may be entered into by the
parties in connection with the Corporation and its business (each, a "DISPUTE"),
including any question regarding its existence, validity, termination, breach or
performance, before any arbitration is commenced, shall first be referred to the
steering committee for resolution. If the Dispute is not resolved within 30
days, then the matter shall be referred to the chief executive officer of each
Shareholder, each of whom shall in good faith and with diligent negotiation
(including through at least one meeting in person) attempt to resolve the
Dispute. If the Dispute is not resolved by such chief executives within 30 days
from the day the Dispute was referred to the chief executives, any party to the
Dispute may institute arbitration under this Article 11 (such party, the
"INITIATING PARTY") by serving a demand for arbitration on each other party to
the Dispute. During the attempted executive resolution or arbitration pursuant
to this Article 11 neither party shall be prevented from seeking an injunction
or temporary restraining order in a court of law as provided in Section 11.5. In
deciding any arbitration under this Article 11, the arbitrators shall give
significant weight to the good faith and diligence with which each party to the
Dispute has sought to resolve it before the arbitration.

                                       15

<PAGE>

     11.2 Mandatory Arbitration. If an attempt at resolution contemplated by
Section 11.1 has not resulted in the Dispute being resolved within the time
period set forth in Section 11.1, the Dispute shall be finally settled by
binding arbitration under the UNCITRAL Arbitration Rules (the "UNCITRAL RULES").
Each party shall appoint an arbitrator and the two arbitrators so appointed
shall jointly appoint a third arbitrator; provided, however, that if they cannot
agree (or if one party refuses to appoint an arbitrator) within 30 days after
the initiation of the arbitration, then this third arbitrator shall be appointed
by the International Chamber of Commerce pursuant to the Rules of ICC as
Appointing Authority in UNCITRAL or other Ad Hoc Arbitration Proceedings (and
the ICC shall otherwise serve as the Appointing Authority (the "APPOINTING
AUTHORITY") for the arbitration proceedings hereunder). Disputes about
arbitration procedure shall be resolved by the arbitrators. The arbitrators may
proceed to an award notwithstanding the failure of a party to the Dispute to
participate in the proceedings. Discovery shall be limited to mutual exchange of
documents relevant to the dispute, controversy or claim; depositions shall not
be permitted unless agreed to by both parties. All counterclaims shall be
resolved in the same proceeding in which the original claims are brought. The
arbitrators shall be authorized to grant interim relief, including to prevent
the destruction of goods or documents involved in the dispute, protect trade
secrets and provide for security for a prospective monetary award; shall be
authorized to grant permanent injunctive relief or other specific performance;
and shall be specifically authorized to grant the Defaulting Party a cure period
in addition to the cure period provided for in clause (i) of Section 9.2.4 in
the event that the arbitrators determine that a party has materially breached
this Agreement and thereby became a Defaulting Party under clause (i) of Section
9.2.4. Subject to Section 11.4, the award of the arbitrators shall be the sole
and exclusive remedy of the parties and shall be enforceable in any court of
competent jurisdiction, subject only to revocation on grounds of fraud or clear
bias on the part of the arbitrators.

     11.3 Place and Language of Arbitration. Unless otherwise agreed by the
Shareholders, the place of arbitration shall be in Boston, Massachusetts, USA if
the Initiating Party is Yaskawa and shall be in Tokyo, Japan if the Initiating
Party is Brooks. The procedural law of the place of arbitration shall apply
where the UNCITRAL Rules are silent. The language to be used in the arbitration
proceedings shall be English.

     11.4 Matters that Parties May Litigate. Notwithstanding any other provision
of this Agreement, a party may bring a suit or action in a court of law:

               (i) to petition a court for injunctive relief with respect to a
matter arising under or relating to the Agreement;

               (ii) to seek judicial enforcement of an order or award granted by
the arbitrators under this Article 11; or

               (iii) as permitted under the Japanese Arbitration Law (Law No.
138 of 2003, as amended) or the U.S. Federal Arbitration Act, 9 U.S.C. Sections
1-16.

     11.5 Allocation of Arbitration Expense. In any arbitration, each party
shall bear the party's own expenses, including legal fees, except that:

                                       16

<PAGE>

               (i) The parties shall share equally the payment of fees charged
by the arbitrators and the Appointing Authority;

               (ii) Subject to Section 11.5(iii), the arbitrators may allocate
among the parties the costs, fees and other expenses relating to an arbitration
in any manner that the arbitrators shall determine to be appropriate in their
absolute discretion; and

               (iii) If the arbitrators determine that a party has initiated an
arbitration without a reasonable basis for doing so or that any claim or
argument of a party in an arbitration is unreasonable, the arbitrator shall to
that extent assess against that party the expenses incurred by the other parties
in connection with the arbitration, including reasonable attorneys' fees.

                            ARTICLE 12: DEFINITIONS.

As used in this Agreement, the capitalized terms defined in the protocol and
recitals have the meanings set forth next to them. Additionally, the following
terms shall have the following respective meanings:

<TABLE>
<S>                                   <C>
"AFFILIATE"                           shall mean, with respect to any Person,
                                      (i) any other Person that directly or
                                      indirectly controls such specified Entity
                                      or (ii) any Entity that directly or
                                      indirectly is controlled by, or is under
                                      common control with, such specified
                                      Person.

"AGREEMENT"                           shall mean this Agreement and its
                                      attachments, as this Agreement and its
                                      attachments may be amended, restated or
                                      otherwise modified from time to time.

"APPOINTING AUTHORITY"                shall have the meaning set forth in
                                      Section 11.2.

"BROOKS PRODUCTS"                     shall have the meaning given to the term
                                      "Brooks Products" in the Supply
                                      Agreements.

"BUDGET"                              shall have the meaning set forth in
                                      Section 6.1.1.

"BUDGET FINALIZATION DATE"            shall have the meaning set forth in
                                      Section 6.1.2.

"CHANGE OF CONTROL"                   shall mean, with respect to a Shareholder,
                                      the acquisition (whether by means of
                                      merger, consolidation, acquisition of
                                      securities or assets, or otherwise) by any
                                      Entity listed under the name of such Party
                                      on Schedule C (or by any Affiliate of such
                                      Entity) of (i) more than 50% of the
                                      outstanding voting securities of such
                                      Shareholder or (ii) all or substantially
                                      all of the assets of such Shareholder
                                      relating to such Party's obligations to
                                      supply products or services to the
                                      Corporation or otherwise to the business
                                      conducted by the Corporation as set forth
                                      in the first recital herein.
</TABLE>

                                       17

<PAGE>

<TABLE>
<S>                                   <C>
"CONFIDENTIAL INFORMATION"            shall have the meaning set forth in
                                      Section 7.1.

"CORPORATION'S ACCOUNTANTS"           shall have the meaning set forth in
                                      Section 4.2.

"DEFAULTING SHAREHOLDER"              shall have the meaning set forth in
                                      Section 9.2.4.

"DISCLOSING PARTY"                    shall have the meaning set forth in
                                      Section 7.1.

"DISPUTE"                             shall have the meaning set forth in
                                      Section 11.1.

"ENTITY"                              shall mean any corporation, limited
                                      liability company, limited or general
                                      partnership, trust, estate, unincorporated
                                      association, governmental agency, bureau,
                                      department or other body, or any other
                                      organization or entity.

"EXTENSION NOTICE"                    shall have the meaning set forth in
                                      Section 9.1.

"INITIATING PARTY"                    shall have the meaning set forth in
                                      Section 11.1.

"INTELLECTUAL PROPERTY"               shall have the meaning set forth in
                                      Section 7.3.

"JAPANESE SEMICONDUCTOR CUSTOMERS     shall have the meaning given to the term
                                      "Semiconductor Customer" in the Supply
                                      Agreements.

"JV PRODUCTS"                         shall mean the semiconductor robotics
                                      products to be supplied to the Corporation
                                      by the Shareholders pursuant to the Supply
                                      Agreements.

"NON-DEFAULTING SHAREHOLDER"          shall have the meaning set forth in
                                      Section 9.2.4.

"ORGANIZATIONAL CHART"                shall have the meaning set forth in
                                      Section 2.6.

"PERMITTED TRANSFEREE"                shall have the meaning set forth in
                                      Section 3.2.1.

"PERSON"                              shall mean any Entity or individual.

"RECEIVING PARTY"                     shall have the meaning set forth in
                                      Section 7.1.

"SECTION 9.2.2 NOTICE"                shall have the meaning set forth in
                                      Section 9.2.2.

"SECTION 9.2.4 NOTICE"                shall have the meaning set forth in
                                      Section 9.2.4.

"SEMICONDUCTOR INDUSTRY"              shall have the meaning set forth in the
                                      Supply Agreements.

"SHAREHOLDER INTELLECTUAL PROPERTY"   shall have the meaning set forth in
                                      Section 7.3.1.

"TRANSFER"                            shall have the meaning set forth in
                                      Section 3.1.
</TABLE>

                                       18
<PAGE>

<TABLE>
<S>                                   <C>
"UNCITRAL RULES"                      shall have the meaning set forth in
                                      Section 11.2.

"YASKAWA PRODUCTS"                    shall have the meaning set forth in the
                                      Supply Agreements.
</TABLE>

                           ARTICLE 13: MISCELLANEOUS.

     13.1 Remedies. The parties to this Agreement acknowledge and agree that
breach of any of the covenants of Corporation and the Shareholders set forth in
this Agreement is not fully compensable by payment of money damages and,
therefore, that the covenants of Corporation and the Shareholders set forth in
this Agreement may be enforced in equity by a decree requiring specific
performance. Without limiting the foregoing, if any dispute arises concerning
the sale or other disposition of any of the shares of stock subject to this
Agreement, the parties to this Agreement agree that an injunction may be issued
restraining the sale or other disposition of such shares of stock or rescinding
any such sale or other disposition, ending resolution of such controversy. Such
remedies shall be cumulative and nonexclusive and shall be in addition to any
other rights and remedies the parties may have under this Agreement.

     13.2 Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of Japan without giving effect to the principles of
conflicts of law thereof.

     13.3 Notices. All notices and other communications under this Agreement
shall be in writing and shall be deemed to have been duly given when delivered
(i) in person, (ii) to the extent receipt is confirmed, by telecopy, facsimile
or other electronic transmission service, or (iii) by an internationally
recognized overnight courier service, to the parties at the following addresses:

IF TO BROOKS:                           IF TO YASKAWA:

Brooks Automation, Inc.                 Yaskawa Electric Corporation
15 Elizabeth Drive                      2-1 Shiroishi, Kurosaki
Chelmsford, Massachusetts               Kitakyushu, Japan
01824 U.S.A.                            Attention: Mr. Koki Nakamura
Attention: Thomas Grilk, Esq.           Fax: +81-93-645-7918
Fax: +1-978-262-2511

WITH COPY TO:                           WITH COPY TO:

WilmerHale                              Masuda, Funai, Eifert & Mitchell, Ltd.
60 State Street                         203 N. LaSalle Street, Suite 2500
Boston, Massachusetts 02109             Chicago, IL 60601-1262
Attention: Mark G. Borden               Attention: Mary W. Shellenberg
Fax: +1-617-526-5000                    Fax: +1-312-245-7467

                                       19

<PAGE>

IF TO THE CORPORATION:

Yaskawa Brooks Automation, Inc.
2-1 Shiroishi, Kurosaki
Kitakyushu, Japan
Attention: President and Executive Vice President
Fax: +81__________________

The parties to this Agreement shall provide notice of any changes in the above
listed addresses in accordance with the procedures described above.

     13.4 Severability. Any term or provision of this Agreement that is invalid
or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such invalidity or unenforceability without
rendering invalid or unenforceable the remaining terms and provisions of this
Agreement or affecting the validity or enforceability of any of the terms or
provisions of this Agreement in any other jurisdiction.

     13.5 Amendments and Waivers. This Agreement may not be modified or amended,
and the performance or compliance with any term of this Agreement may not be
waived, in each case except by an instrument or instruments in writing signed
each of the Shareholders. The waiver by any party hereto of a breach of any term
or provision of this Agreement shall not be construed as a waiver of any
subsequent breach.

     13.6 Binding Effect. This Agreement shall be binding upon and inure solely
to the benefit of each party hereto and their respective heirs, legal
representatives, successors and permitted assigns.

     13.7 Counterparts. This Agreement may be executed by the parties hereto in
counterparts, each of which shall be deemed to be an original instrument, but
all of which together shall constitute one and the same instrument

     13.8 Recapitalizations, Exchanges, Etc. The provisions of this Agreement
shall apply, to the full extent set forth herein with respect to shares of
common stock of the Corporation, to any and all shares of capital stock of the
Corporation or any successor or assign of the Corporation (whether by merger,
consolidation, sale of assets, or otherwise) that may be issued in respect of,
in exchange for, or in substitution of the shares of the common stock originally
issued to the Shareholders, by reason of a stock dividend, stock split, stock
issuance, reverse stock split, combination, recapitalization, reclassification,
merger, consolidation, or otherwise.

     13.9 Entire Agreement; Headings. This Agreement, the provisions of the
Joint Venture Agreement, dated May 8, 2006, between the Shareholders that
survive in accordance with its terms, the Supply Agreements, together with all
exhibits attached hereto and therto, and the JV Agreement Section 4.1(C)
Agreement, dated June 30, 2006 constitute the entire agreement among the parties
hereto relating

                                       20

<PAGE>

to the subject matter hereof and thereof and supersede all prior agreements,
understandings, and arrangements, oral or written, among the parties hereto with
respect to the subject matter hereof and thereof. The headings in this Agreement
are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement.

     13.10 Rules of Construction. Words denoting the singular include the plural
and vice versa. Words denoting a gender include all genders. References to a
particular article, section, clause, exhibit or schedule shall be a reference to
an article, section or clause of, or an exhibit or schedule to, this Agreement.
Words such as "hereunder", "hereto", "hereof" and "herein" and other words of
similar import shall, unless the context requires otherwise, refer to the whole
of this Agreement and not to any particular article, section or clause hereof. A
reference to "including" means including without limiting the generality of any
description preceding such term and shall not be construed to limit a general
statement, followed by or referable to an enumeration of specific matters, to
matters similar to those specifically mentioned.

     13.11 Further Assurances. Each of the parties to this Agreement, hereby
agrees, without any further consideration, to take any further actions and to
execute and deliver any further instruments or agreements, necessary or
advisable in order to effectuate the intents and purposes of this Agreement.
Each of the parties further agrees to take such commercially reasonable actions
as are necessary and available under applicable law to effect the parties'
intentions as set forth under the provisions of Section 9.4.2 in the event of
any challenge, legal or otherwise, to such Section 9.4.2; provided that in the
event of any challenge, legal or otherwise, to such Section 9.4.2 by the Japan
Fair Trade Commission, any other governmental authority in Japan or any third
party, Yaskawa shall (i) be responsible for responding to such challenge, (ii)
have the right to control and direct the representation of the parties in
connection with such challenge, including negotiations relating to such
challenge, (iii) keep Brooks reasonably informed as to the status and progress
of such challenge and the strategy of Yaskawa with respect to such challenge,
(iv) engage counsel who may be counsel to Yaskawa, at Yaskawa's cost to
represent and defend Yaskawa, Brooks and the Corporation in connection with any
such challenge (to the extent joint representation is ethically permissible),
including negotiations relating to such challenge, with such counsel being under
the direction and control of Yaskawa, and (v) bear all costs and expenses,
including legal fees, of Yaskawa, Brooks and the Corporation incurred in
connection with such challenge, other than (A) costs or expenses related to the
production of documents of Brooks, which shall be borne by Brooks, and (B) costs
or expenses, including legal fees, incurred by Brooks in connection with the
challenge in which separate counsel has been engaged. Without limiting the
generality of the foregoing, and notwithstanding anything to the contrary in
this Agreement, if the provisions of Section 9.4.2 above are found to be invalid
or unenforceable, in whole or in part, by any governmental, administrative,
regulatory, legislative, judicial or arbitral authority or tribunal, with the
effect that the term of the restrictive covenants set forth in the first
sentence of such Section 9.4.2 (the "SECTION 9.4.2 TERM") is reduced or
eliminated, then, unless Brooks and Yaskawa otherwise expressly agree in
writing, (i) if this Agreement remains in effect as of immediately prior to the
time of such finding of invalidity or unenforceability, then the term of this
Agreement specified in Section 9.1 above shall be extended by the period of such
reduction (or, if the Section 9.4.2 Term is eliminated, then by the full stated
amount of the Section 9.4.2 Term), or (ii) otherwise, the effectiveness of this
Agreement shall be reinstated, the

                                       21

<PAGE>

Corporation shall (to the extent necessary) be re-established by the
Shareholders, and the business of the Corporation described in the first recital
herein shall again be conducted through the Corporation in accordance with
Article 8 of this Agreement, until expiration of the period of such reduction
(or, if the Section 9.4.2 Term is eliminated, then by the full stated amount of
the Section 9.4.2 Term); provided that if this Agreement was earlier terminated
as a result of a breach by a Defaulting Shareholder, then the provisions of this
sentence shall be operative solely at the option of the Non-Defaulting
Shareholder, exercisable by written notice to the Defaulting Shareholder and, if
the Corporation is then in existence, to the Corporation.

            [THE REMAINDER OF THIS PAGE IS LEFT INTENTIONALLY BLANK.]

                                       22

<PAGE>

          IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.

                                        YASKAWA ELECTRIC CORPORATION

                                        By: /s/ Koji Toshima
                                            ------------------------------------
                                        Title: President
                                               ---------------------------------

                                        BROOKS AUTOMATION, INC.

                                        By: /s/ Edward C. Grady
                                            ------------------------------------
                                        Title: President
                                               ---------------------------------

                                        YASKAWA BROOKS AUTOMATION, INC.

                                        By: /s/ Hiroyuki Ougi
                                            ------------------------------------
                                        Title: President
                                               ---------------------------------

                                       23

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