Document:

Sanmina_Ex10.49_20140329

EXHIBIT 10.49

SANMINA CORPORATION
2009 INCENTIVE PLAN
NOTICE OF GRANT OF RESTRICTED STOCK UNITS
Unless otherwise defined herein, the terms defined in the Sanmina Corporation 2009 Incentive Plan (the “Plan”) will have the same defined meanings in this Notice of Grant of Restricted Stock Units (the “Notice of Grant”) and Terms and Conditions of Restricted Stock Unit Grant, attached hereto as Exhibit A (together, the “Agreement”).
Participant:    ______________ (“Participant”)
Address:    ______________
______________
______________
______________
______________
Participant has been granted the right to receive an Award of Restricted Stock Units, subject to the terms and conditions of the Plan and this Agreement, as follows:
Grant Number            ______________
Date of Grant            ______________
Vesting Commencement Date     ______________
Number of Restricted Stock Units    ______________
Vesting Schedule:

Subject to any acceleration provisions contained in the Plan or set forth below, the Restricted Stock Units will vest in accordance with the following schedule:
In the event Participant ceases to be a Service Provider for any reason other than death before Participant vests in the Restricted Stock Unit, the Restricted Stock Unit and Participant’s right to acquire any Shares hereunder will immediately terminate; provided. However, that should Participant have continuously served as a Service Provider for a period of two (2) or more years, then all unvested Restricted Stock Units shall become immediately vested upon the date of such termination. In the event Participant ceases to be a Service Provider as a result of death, all unvested Restricted Stock Units shall become immediately vested. 
By your online acceptance and the signature of the Company’s repre-sentative below, you agree that this Award of Restricted Stock Units is granted under and governed by the terms and conditions of the Plan and the Agreement.  Participant has reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all provisions of the Plan and Agreement.  Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions relating to the Plan and Agreement.  Participant further agrees to notify the Company upon any change in the residence address.

SANMINA CORPORATION

By: ____________________
Title: ___________________

EXHIBIT A
TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT GRANT
1.    Grant.  The Company hereby grants to the Participant named in the Notice of Grant (the “Participant”) under the Plan an Award of Restricted Stock Units, subject to all of the terms and conditions in this Agreement and the Plan, which is incorporated herein by reference.  Subject to Section 22(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Agreement, the terms and conditions of the Plan will prevail.
2.    Company’s Obligation to Pay.  Each Restricted Stock Unit represents the right to receive a Share on the date it vests.  Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3, Participant will have no right to payment of any such Restricted Stock Units.  Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.  Any Restricted Stock Units that vest in accordance with Sections 3 or 4 will be paid to Participant (or in the event of Participant’s death, to his or her estate) in whole Shares, subject to Participant satisfying any applicable tax withholding obligations as set forth in Section 9.  Subject to the provisions of Section 4, for a Participant who has continuously served as a Service Provider for a period of less than two (2) years as of the termination of Participant’s status as a Service Provider, such vested Restricted Stock Units will be paid in Shares as soon as practicable after the applicable Vesting Date, but in each such case within the period ending no later than the date that is two and one half (21⁄2) months from the end of the Company’s tax year that includes the Vesting Date. For a Participant who has continuously served as a Service Provider for a period of two (2) or more years as of the termination of Participant’s status as a Service Provider, such vested Restricted Stock Units will be paid in Shares, subject to the provisions of Section 4, as soon as practicable after the earlier of the Participant’s separation from service as a Service Provider within the meaning of Section 409A or the applicable Vesting Date, but in each such case within the period ending no later than the end of the calendar year that includes the separation from service or Vesting Date. 
3.    Vesting Schedule.  Except as provided in Section 4, and subject to Section 5, the Restricted Stock Units awarded by this Agreement will vest in accordance with the vesting provisions set forth in the Notice of Grant.  Restricted Stock Units scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest in Participant in accordance with any of the provisions of this Agreement, unless Participant will have been continuously a Service Provider from the Date of Grant until the date such vesting occurs.
4.    Administrator Discretion.  The Administrator, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the balance, of the unvested Restricted Stock Units at any time, subject to the terms of the Plan.  If so accelerated, such Restricted Stock Units will be considered as having vested as of the date specified by the Administrator.
Notwithstanding anything in the Plan or this Agreement to the contrary, if the vesting of the balance, or some lesser portion of the balance, of the Restricted Stock Units is accelerated in connection with Participant’s termination as a Service Provider (provided that such termination is a “separation from service” within the meaning of Section 409A, as determined by the Company), other than due to death, and if (x) Participant is a “specified employee” within the meaning of Section 409A at the time of such termination as a Service Provider and (y) the payment of such accelerated Restricted Stock Units will result in the imposition of additional tax under Section 409A if paid to Participant on or within the six (6) month period following Participant’s termination as a Service Provider, then the payment of such accelerated Restricted Stock Units will not be made until the date six (6) months and one (1) day following the date of Participant’s termination as a Service Provider, unless the Participant dies following his or her termination as a Service Provider, in which case, the Restricted Stock Units will be paid in Shares to the Participant’s estate as soon as practicable following his or her death.  It is the intent of this Agreement to comply with the requirements of Section 409A so that none of the Restricted Stock Units provided under this Agreement or Shares issuable thereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply.  For purposes of this Agreement, “Section 409A” means Code Section 409A and the final Treasury Regulations and Internal Revenue Service guidance thereunder, as each may be amended from time to time.
5.    Effect of Termination of Status as a Service Provider.  Notwithstanding any contrary provision of this Agreement, the balance of the Restricted Stock Units that have not vested as of the time of Participant’s termination as a Service Provider for any reason other than death and Participant’s right to acquire any Shares hereunder will immediately terminate. In the event Participant ceases to be a Service Provider as a result of death, all unvested Restricted Stock Units shall become immediately vested.
6.    Death of Participant.  Any distribution or delivery to be made to Participant under this Agreement will, if Participant is then deceased, be made to Participant’s designated beneficiary, or if no beneficiary survives Participant, the administrator or executor of Participant’s estate.  Any such transferee must furnish the Company with (a) written notice of his or 

her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer.
7.    Tax Withholding.  Notwithstanding any contrary provision of this Agreement, no certificate representing the Shares will be issued to Participant, unless and until satisfactory arrangements (as determined by the Administrator) will have been made by Participant with respect to the payment of income, employment and other taxes which the Company determines must be withheld with respect to such Shares.  
(i)    Share Withholding.  To the extent determined appropriate by the Company in its discretion, it will have the right (but not the obligation) to satisfy any tax withholding obligations by reducing the number of Shares otherwise deliverable to Participant.  No fractional shares will be withheld or issued pursuant to the grant of Restricted Stock Units and the issuance of Shares thereunder; any additional withholding necessary for this reason will be done by the Company through Participant’s paycheck.  Accordingly, to the extent the Fair Market Value of the number of whole Shares withheld by the Company exceed any tax withholding obligation, the Company will pay the Participant the difference.  
(ii)    By Check, Wire Transfer or Other Means.  Unless the Company determines to satisfy its tax withholding obligations pursuant to subsection (i) above, at any time not less than five (5) business days before any tax withholding obligation arises (e.g., a vesting date), the Participant may elect to satisfy his or her tax withholding obligation by delivering to the Company an amount that the Company determines is sufficient to satisfy the tax withholding obligation by (A) wire transfer to such account as the Company may direct, (B) delivery of a certified check payable to the Company, c/o Stock Administration, or such other contact as the Company may from time to time direct, or (C) such other means as the Company may establish or permit. 
(iii)    Forfeiture.  If Participant fails to make satisfactory arrangements for the payment of any required tax withholding obligations hereunder at the time any applicable Restricted Stock Units otherwise are scheduled to vest pursuant to Sections 3 or 4, Participant will permanently forfeit such Restricted Stock Units and any right to receive Shares thereunder and the Restricted Stock Units will be returned to the Company at no cost to the Company.
8.    Rights as Stockholder.  Neither Participant nor any person claiming under or through Participant will have any of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares will have been issued, recorded on the records of the Company or its transfer agents or registrars, and delivered to Participant.  After such issuance, recordation and delivery, Participant will have all the rights of a stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions on such Shares.
9.    No Guarantee of Continued Service.  PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF THE RESTRICTED STOCK UNITS PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS AWARD OF RESTRICTED STOCK UNITS OR ACQUIRING SHARES HEREUNDER.  PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE.
10.    Address for Notices.  Any notice to be given to the Company under the terms of this Agreement will be addressed to the Company at Sanmina Corporation, 2700 North First Street, San Jose, CA 95134, or at such other address as the Company may hereafter designate in writing or electronically.
11.    Grant is Not Transferable.  Except to the limited extent provided in Section 7, this grant and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process.  Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.
12.    Binding Agreement.  Subject to the limitation on the transferability of this grant contained herein, this Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto.

13.    Additional Conditions to Issuance of Stock.  If at any time the Company will determine, in its discretion, that the listing, registration or qualification of the Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the issuance of Shares to Participant (or his or her estate), such issuance will not occur unless and until such listing, registration, qualification, consent or approval will have been effected or obtained free of any conditions not acceptable to the Company.  Where the Company determines that the delivery of the payment of any Shares will violate federal securities laws or other applicable laws, the Company will defer delivery until the earliest date at which the Company reasonably anticipates that the delivery of Shares will no longer cause such violation.  The Company will make all reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of any such governmental authority.  
14.    Plan Governs.  This Agreement is subject to all terms and provisions of the Plan.  In the event of a conflict between one or more provisions of this Agreement and one or more provisions of the Plan, the provisions of the Plan will govern.  Capitalized terms used and not defined in this Agreement will have the meaning set forth in the Plan.
15.    Administrator Authority.  The Administrator will have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any Restricted Stock Units have vested).  All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon Participant, the Company and all other interested persons.  No member of the Administrator will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Agreement.
16.    Electronic Delivery.  The Company may, in its sole discretion, decide to deliver any documents related to Restricted Stock Units awarded under the Plan or future Restricted Stock Units that may be awarded under the Plan by electronic means or request Participant’s consent to participate in the Plan by electronic means.  Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through any on-line or electronic system established and maintained by the Company or another third party designated by the Company.
17.    Captions.  Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction of this Agreement.
18.    Agreement Severable.  In the event that any provision in this Agreement will be held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Agreement.
19.    Modifications to the Agreement.  This Agreement constitutes the entire understanding of the parties on the subjects covered.  Participant expressly warrants that he or she is not accepting this Agreement in reliance on any promises, representations, or inducements other than those contained herein.  Modifications to this Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the Company.  Notwithstanding anything to the contrary in the Plan or this Agreement, the Company reserves the right to revise this Agreement as it deems necessary or advisable, in its sole discretion and without the consent of Participant, to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A in connection to this Award of Restricted Stock Units.
20.    Amendment, Suspension or Termination of the Plan.  By accepting this Award, Participant expressly warrants that he or she has received an Award of Restricted Stock Units under the Plan, and has received, read and understood a description of the Plan.  Participant understands that the Plan is discretionary in nature and may be amended, suspended or terminated by the Company at any time.
21.    Governing Law.  This Agreement will be governed by the laws of the State of California, without giving effect to the conflict of law principles thereof.  For purposes of litigating any dispute that arises under this Award of Restricted Stock Units or this Agreement, the parties hereby submit to and consent to the jurisdiction of the State of California, and agree that such litigation will be conducted in the courts of Santa Clara County, California, or the federal courts for the United States for the Northern District of California, and no other courts, where this Award of Restricted Stock Units is made and/or to be performed.Waiver and Amendment Agreement dated March 23, 2014 and between Mattson Technology, Inc. and Silcon Valley Bank

EXHIBIT 10.1

April 23, 2014

Mattson Technology, Inc.
47131 Bayside Parkway
Fremont, CA 94538
Attn:  Michael Dodson

		
	Re:
	Waiver and Amendment Agreement (this “Letter Agreement”) relating to that certain Credit Agreement, dated as of April 12, 2013, among Mattson Technology, Inc., a Delaware corporation (the “Borrower”), the Lenders named therein as parties thereto, and Silicon Valley Bank, a California corporation, in its capacity as administrative agent for such Lenders (in such capacity, the “Administrative Agent”) (as amended prior to the date hereof, the “Credit Agreement”, the terms defined therein and not otherwise defined herein being used herein as therein defined).

Dear Mr. Dodson:

An Event of Default has occurred under Section 8.1(c) of the Credit Agreement solely as a result of the breach by the Borrower of the minimum Consolidated Quick Ratio covenant set forth in Section 7.1(a) of the Credit Agreement with respect to the covenant test date thereunder that occurred on January 31, 2014 (such Event of Default, the “Specified Event of Default”).  The Borrower has requested that the Administrative Agent and Silicon Valley Bank, a California corporation, as the current sole Lender under the Credit Agreement, waive the Specified Event of Default for all purposes under the Credit Agreement, and the Administrative Agent and such sole Lender have agreed to provide such waiver with effect from and after the Effective Date (defined below) and upon the terms and conditions set forth herein.  

The Borrower has also requested that the Administrative Agent and the sole Lender agree to amend the Credit Agreement in the manner specified herein.  The Administrative Agent and the sole Lender have agreed to so amend the Credit Agreement, subject to the terms and conditions set forth herein.

Accordingly, subject to the satisfaction of the conditions to effectiveness described in Section 4 hereof, the parties hereto hereby agree as follows:

1.    Waiver.  Notwithstanding anything to the contrary set forth in the Credit Agreement or the other Loan Documents, and subject to the satisfaction of the conditions to effectiveness specified in Section 4 hereof, the Administrative Agent and the sole Lender hereby waive the Specified Event of Default for all purposes under the Credit Agreement as of the Effective Date.
2.    Amendments to Credit Agreement.  With effect from and after the Effective Date, the Credit Agreement shall be amended as follows:

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(a)    Section 6.1(c) of the Credit Agreement shall be amended and restated to read in its entirety as follows:

(c)     as soon as available, but in any event not later than 30 days after the end of each month occurring during each fiscal year of the Borrower (other than the third, sixth, ninth and twelfth such months), the unaudited consolidated and consolidating balance sheet of the Borrower and its consolidated Subsidiaries as at the end of such month and the related unaudited consolidated and consolidating statement of income for such month and the portion of the fiscal year through the end of such month, setting forth in each case in comparative form the figures for the previous year, certified by a Responsible Officer of the Borrower as being fairly stated in all material respects (subject to normal year-end audit adjustments); provided that, notwithstanding the foregoing or anything to the contrary set forth in Section 6.2, no such monthly financial statements in respect of any months other than the third, sixth, ninth and twelfth months of any fiscal year of the Borrower shall be required to be delivered by the Borrower at any time during which no Revolving Loans or Letters of Credit are outstanding.

(b)    Section 6.2(b) of the Credit Agreement shall be amended and restated to read in its entirety as follows:

(b)    (i) concurrently with the delivery of any financial statements pursuant to Section 6.1, (A) a certificate of a Responsible Officer stating that, to the best of such Responsible Officer’s knowledge, each Loan Party during such period has observed or performed all of its covenants and other agreements, and satisfied every condition contained in this Agreement and the other Loan Documents to which it is a party to be observed, performed or satisfied by it, and that such Responsible Officer has obtained no knowledge of any Default or Event of Default except as specified in such certificate and (B) a Compliance Certificate containing all information and calculations necessary for determining compliance by each Group Member with the provisions of this Agreement referred to therein as of the last day of the month, fiscal quarter or fiscal year of the Borrower, as the case may be, and (ii) by no later than the date occurring 30 days after the end of each month, and to the extent not previously disclosed in writing to the Administrative Agent, (x) a list of any registered Intellectual Property issued to or acquired by any Loan Party during such month, and (y) a description of any change in the jurisdiction of organization of any Loan Party having occurred during such month; 

(c)    Section 6.2(g) of the Credit Agreement shall be amended and restated to read in its entirety as follows:

(g)     as applicable, (i) concurrently with the delivery of any of the financial statements referred to in Section 6.1, (ii) not later than three days after the end of each week at all times during the existence of a Liquidity Event, (iii) prior to any borrowing of Revolving Loans to the extent the following reports were not delivered with respect to the prior month or week, as applicable, pursuant to any of the foregoing clauses (i) and (ii) of this subsection (g), and (iv) at any other time reasonably requested by the Administrative Agent: (A) a Borrowing Base Certificate accompanied by such supporting detail and documentation as shall be requested by the Administrative Agent in its reasonable discretion, (B) accounts receivable agings, aged by invoice date, (C) accounts payable agings, aged by invoice date, and outstanding or held check registers, if any, (D) a Deferred Revenue schedule, and (E) 

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reconciliations of accounts receivable agings (aged by invoice date), transactions reports and general ledger;

(c)    Section 6.2(h) of the Credit Agreement shall be amended and restated to read in its entirety as follows:

(h)    by no later than 30 days after the end of each fiscal quarter of the Borrower occurring at any time during which no Revolving Loans or Letters of Credit are outstanding (or, as applicable, by no later than 30 days after the end of each month occurring at any time during which there are any Revolving Loans or Letters of Credit outstanding) and at any other time reasonably requested by the Administrative Agent, (i) a Liquidity Report specifying Liquidity as of, as applicable, the last day of such month, the last day of such fiscal quarter or the date specified by the Administrative Agent when such Liquidity Report is to be delivered pursuant to the request of the Administrative Agent at any such other time, and (ii) a report, in form and substance reasonably satisfactory to the Administrative Agent, indicating the amounts of cash, Cash Equivalents and Investment Property, as applicable, maintained in each Deposit Account and Securities Account of any Loan Party, which Deposit Accounts or Securities Accounts, as applicable, are maintained at any bank or other institution other than SVB as of, as applicable, the last day of such month, the last day of such fiscal quarter or the date specified by the Administrative Agent when such report is to be delivered pursuant to the request of the Administrative Agent at any such other time;

(d)    Section 6.2(j) of the Credit Agreement shall be amended and restated to read in its entirety as follows:

(j)    by no later than five Business Days after the end of each fiscal quarter of the Borrower occurring at any time during which no Revolving Loans or Letters of Credit are outstanding (or, as applicable, by no later than five Business Days after the end of each month occurring at any time during which there are any Revolving Loans or Letters of Credit outstanding) and at any other time reasonably requested by the Administrative Agent, a report, in form and substance reasonably satisfactory to the Administrative Agent, describing in reasonable detail the cash balances held as of, as applicable, the last day of such month, the last day of such fiscal quarter or the date specified by the Administrative Agent when such report is to be delivered pursuant to the request of the Administrative Agent at any such other time, by each Subsidiary of the Borrower that is not a Loan Party; 

(e)    Section 7.1(a) of the Credit Agreement shall be amended and restated to read in its entirety as follows:

(a)Minimum Consolidated Quick Ratio.  Permit the Consolidated Quick Ratio, determined as at the last day of any fiscal quarter specified below, to be less than the ratio set forth below opposite such fiscal quarter: 
	
		
	Fiscal Quarter Ending
	Consolidated Quick Ratio

	June 30, 2014 
	1.00:1.00

	September 30, 2014 
	1.00:1.00

	December 31, 2014
	1.00:1.00

	March 31, 2015 and Thereafter
	1.25:1.00

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(f)    the form of Compliance Certificate set forth at Exhibit B to the Credit Agreement shall be amended and restated in the form set forth as Exhibit B to this Letter Agreement.

3.    Representations and Warranties.  In order to induce the Administrative Agent and the sole Lender to provide the waiver specified in Section 1 hereof and to amend the Credit Agreement in the manner specified in Section 2 hereof, the Borrower represents and warrants to the Administrative Agent and the sole Lender that:

(a)    no Default or Event of Default (other than the Specified Event of Default) exists immediately before or immediately after giving effect to the waiver contemplated in Section 1 above;

(b)    the execution, delivery and performance by the Borrower of this Letter Agreement have been duly authorized by all necessary corporate or other action on the part of the Borrower and do not and will not require any registration with, consent or approval of, or notice to or action by, any Person (including any Governmental Authority) in order to be effective and enforceable;

(c)    this Letter Agreement and the other Loan Documents constitute the legal, valid and binding obligations of the Borrower and each other Loan Party party hereto or thereto, and are enforceable against each such Person in accordance with their respective terms, without defense, counterclaim or offset; and

(d)    each of the representations and warranties made by each Loan Party in or pursuant to any Loan Document (i) that is qualified by materiality shall be true and correct, and (ii) that is not qualified by materiality, shall be true and correct in all material respects, in each case, on and as of the date hereof, except to the extent that any such representation and warranty specifically relates to an earlier date, in which case such representation and warranty shall have been true and correct in all material respects as of such earlier date.

4.    Conditions to Effectiveness.  This Letter Agreement shall become effective as of the date (the “Effective Date”) upon which each of the following conditions precedent is satisfied:

(a)    the Administrative Agent shall have received from the Borrower and the Required Lenders duly executed original (or, if elected by the Administrative Agent, executed facsimiles followed promptly by executed originals) counterparts of this Letter Agreement; 

(b)    the Administrative Agent shall have received from the Guarantor party thereto a duly executed original of the Guarantor Acknowledgment and Consent attached hereto as Exhibit A;

(c)    the Borrower shall have paid to the Administrative Agent, in immediately available funds, a waiver and loan modification fee in the amount of $12,500; and

(d)    the Borrower shall have paid, in accordance with Section 10.5 of the Credit Agreement and Section 10 hereof, all reasonable and documented out-of-pocket costs and expenses of the Administrative Agent (including the reasonable and documented fees and disbursements of outside counsel to the Administrative Agent) which have been invoiced to the Borrower prior to the Effective Date.

5.    Reservation.  The Borrower acknowledges and agrees that neither the execution nor the delivery by the Administrative Agent or the Required Lenders of this Letter Agreement shall (a) be deemed to create a course of dealing or otherwise obligate the Administrative Agent or any Lender to grant similar waivers or other modifications of the terms of the Credit Agreement under the same or similar circumstances in the future, or (b) be deemed to create an implied waiver of any right or remedy of the Administrative Agent or the sole 

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Lender with respect to any term or provision of any Loan Document (including any term or provision relating to the occurrence of a Material Adverse Effect).

6.    Governing Law.  THIS LETTER AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF CALIFORNIA.  This Letter Agreement is subject to the provisions of Section 10.14 of the Credit Agreement relating to jurisdiction, venue, jury trial waiver and judicial reference, which provisions are by this reference incorporated herein, mutatis mutandis, as if set forth herein in full.

7.    Successors and Assigns.  This Letter Agreement shall be binding upon and inure to the benefit of the parties hereto and to the benefit of their respective successors and assigns.  No third party beneficiaries are intended in connection with this Letter Agreement.

8.    Entire Agreement; Amendments.  This Letter Agreement, together with the Credit Agreement and the other Loan Documents, contains the entire and exclusive agreement of the parties hereto with reference to the matters discussed herein and therein.  This Letter Agreement supersedes all prior drafts and communications with respect hereto and may not be amended except in accordance with the provisions of Section 10.1 of the Credit Agreement.

9.    Severability.  If any term or provision of this Letter Agreement shall be deemed prohibited by or invalid under any applicable law, such provision shall be invalidated without affecting the remaining provisions of this Letter Agreement, respectively.

10.    Reimbursement of Costs and Expenses.  The Borrower covenants, in accordance with Section 10.5 of the Credit Agreement, to pay or reimburse the Administrative Agent, upon demand, for all reasonable and documented costs and expenses incurred by the Administrative Agent in connection with the development, preparation, negotiation, execution and delivery of this Letter Agreement.

11.    Counterparts.  This Letter Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all such counterparts together shall constitute but one agreement.

12.    Loan Document.  This Letter Agreement shall constitute a Loan Document.

(Remainder of page intentionally left blank; signature page follows)Signature Page to Waiver and 

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Please indicate your acknowledgement of and agreement with the terms and provisions set forth in this Letter Agreement by countersigning and returning two originally-executed counterpart signature pages hereto to the attention of Lance Peterson at Morrison & Foerster LLP, 425 Market Street, 32nd Floor, San Francisco, CA 94105.

Very truly yours,

SILICON VALLEY BANK, as
Administrative Agent and sole Lender

	
			
	By:
	/s/ Gregory Peterson
	 

	Name:
	   Gregory Peterson
	 

	Title:
	Vice President
	 

ACKNOWLEDGED AND AGREED:

MATTSON TECHNOLOGY, INC., as
the Borrower

	
			
	By:
	/s/ J. Michael Dodson
	 

	Name:
	   J. Michael Dodson
	 

	Title:
	Chief Operating Officer and Chief Financial Officer

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