Document:

Documentation Risk Department
                            Wholesale & International
                            Lloyds TSB Bank plc   Direct Line: 020 7356 1456
                            71 Lombard Street     Switchboard: 020 7626 1500
                            London                Facsimile:   020 7356 1205
                            EC3P 3BS

                                                  Reference:   D/CMAR/HBMK1808

The Directors                                     6th March 2001
Trikon Technologies Limited
Ringland Way
Newport
Gwent NP6 2TA

Dear Sirs,

(pound)15,000,000 TERM LOAN FACILITY
-------------------------------------

We, Lloyds TSB Bank plc (the "Bank") are pleased to offer to Trikon Technologies
Limited (company registered number 1373344 and herein referred to as the
"Borrower") a loan facility of (pound)15,000,000 (fifteen million pounds
sterling) (the "Facility") upon and subject to the terms and conditions of this
letter.

1. Definitions

"Acceptance Date" means the date of the signed acceptance of this letter by the
Borrower and the Parent. If the Borrower and the Parent sign this letter on
different dates, the Acceptance Date shall be the later of the two dates.

"Associated Costs Rate" means an amount which the Bank shall determine from time
to time to be necessary to compensate the Bank for the cost or loss to it of
complying with any liquidity, monetary control, or prudential requirements or of
any other charge existing from time to time of the Bank of England, the
Financial Services Authority or any other regulatory authority to the extent
that these relate to the amount of the drawing or the liabilities incurred to
fund the Loan.

"Borrowing" shall without prejudice to the generality of that expression include
all indebtedness for money borrowed or raised by whatever means and all
liabilities and indebtedness, whether or not then due, under acceptance credits
and hire purchase, instalment credit, equipment leasing or similar agreements,
any amounts guaranteed and all other actual or contingent liabilities but
excluding trade debts and liabilities for the payment of tax.

"Business Day" means a day other than a Saturday or a Sunday on which banks are
open for general business in London.

"Commitment Termination Date" means 6th April 2001 or the date on which the
Facility is drawn, whichever shall first occur.

"Consolidated Net Worth" means at any particular time the aggregate of the
amount paid up on the issued share capital of the Parent and the consolidated
distributable and non-distributable reserves of the Parent and its Subsidiary
Undertakings but (a) after deducting the total of any debit balance on profit
and loss account and the book value of any intangible assets including but not
limited to goodwill, and (b) excluding any minority interests in Subsidiary
Undertakings and any increase in the valuation of assets subsequent to the date
of the Financial Statement.

"Current Account" means the sterling current account of the Borrower with the
Bank's City Office Branch (numbered 300002 0573944) or any account opened with
the Bank in replacement of or in substitution for such account.

 "Event of Default" means an event described in Clause 10 hereof or any
 circumstance which with the giving of notice and/or the passing of time could
 become such an event.

<PAGE>

"Financial Statement" means at any particular time the then latest audited
consolidated balance sheet and profit and loss account (each prepared on the
same basis and in accordance with the same accounting principles as the latest
such balance sheet and profit and loss account received by the Bank prior to the
date of this letter) of the Parent and its Subsidiary Undertakings together with
the notes to both.

"Interest Period" means a specific period for which the interest rate applicable
to the Loan is determined. The length of each Interest Period shall be 3 months
provided that no Interest Period may extend beyond a Repayment Date without the
agreement of the Bank.

"Loan" means at any particular time, the principal amount available to be
borrowed hereunder or, as the case may be, the principal amount borrowed and
remaining outstanding hereunder.

"Net Borrowing" means Borrowing less the aggregate of all freely available cash
and credit balances with banks ("bank" having the meaning ascribed to it in
Section 840A of the Income and Corporation Taxes Act 1988).

"Offered Rate" means, in relation to any Interest Period the rate offered to the
Bank as determined by the Bank in the London interbank market at or about 11a.m.
(or such later time as may be agreed between the Bank and the Borrower) on the
first day of that Interest Period for sterling deposits in the amount of the
Loan for the term of the Interest Period.

"Parent" means Trikon Technologies Inc (company registered number 95-4054321).

"PBIT" means the consolidated profit of the Parent and its Subsidiary
Undertakings before taxation and interest paid and payable. Credit items of an
extraordinary nature and credit items of an exceptional nature shall be excluded
for the purpose of any relevant computation hereunder unless otherwise expressly
agreed by the Bank.

"Repayment Date" means the date which is 12 months after the date the Facility
is drawn down and each date occurring at annual intervals thereafter until all
amounts owing hereunder have been repaid in full.

"Specified Account" means an account nominated as a Specified Account in a
written notice from the Borrower to the Bank. Such notice shall provide the Bank
with all details necessary to enable the payment of moneys to the Specified
Account and shall be otherwise in a form acceptable to the Bank.

"Subsidiary Undertaking" shall have the meaning ascribed to it in Section 258 of
the Companies Act 1985.

Words denoting the singular number only shall include the plural and vice-versa.

2.     Drawing & Interest

2.1    The Facility may be drawn down hereunder in full in one amount on any
       Business Day occurring on or before the Commitment Termination Date
       (failing which the Facility shall be cancelled) subject to receipt by the
       Bank of notice from the Borrower no later than 10 a.m. on the day the
       drawing is to be made.

       The notice of drawing shall specify the proposed date of drawing and the
       account to which the proceeds are to be paid. The notice of drawing may
       be given by facsimile if the proceeds of the drawing are to be credited
       to a Specified Account. Otherwise the notice of drawing must be given by
       written notice. The proceeds of the drawing shall be utilised by the
       Borrower for general corporate purposes or for capital expenditure.

2.2    Interest will be calculated on the Loan in respect of each Interest
       Period applicable thereto at the aggregate of 1.25% per annum, the
       Offered Rate and the Associated Costs Rate. The Borrower shall pay
       interest on the last day of each such Interest Period.

       If at any relevant time because of changes affecting the London interbank
       market, the Bank is unable to make any determination of the interest rate
       applicable to the Loan pursuant to this clause, the interest rate
       applicable thereto shall be calculated by reference instead to the rate
       per annum which is the cost to the Bank of funding the Loan from whatever
       sources it may at its option select.

<PAGE>

3.     Repayment

3.1    The drawing made hereunder shall be repaid by the Borrower in 3
       consecutive equal annual instalments, one on each Repayment Date.

3.2    The Borrower shall not repay or prepay all or any part of the Loan except
       at the times and in the manner expressly provided for in this letter.

4.     Early Repayment

4.1    The Borrower may by not less than 5 Business Days' prior written notice
       specifying the date of prepayment prepay together with accrued interest
       the whole or any part of the Loan in minimum amounts of (pound)100,000
       and a multiple thereof on the last day of an Interest Period.

4.2    No part of the Loan repaid or prepaid (whether prepaid pursuant to this
       clause or pursuant to any other clause of this letter) may be redrawn.
       The Bank will decide how to apply any part prepayment of the Loan, either
       by reducing subsequent repayments proportionately or by applying the part
       prepayment to the then latest repayment instalment(s) so as to reduce the
       term of the Facility.

5.     Additional Costs & Changes in Circumstances

5.1    If the application of or introduction of or any change in any applicable
       law, regulation, requirement, directive or request or any change in the
       interpretation thereof by any governmental, fiscal, monetary or other
       authority charged with the administration thereof or by any
       self-regulating organisation or court of competent jurisdiction (in any
       case whether or not having the force of law) shall subject the Bank or
       any holding company of the Bank to any tax, duty or other charge with
       respect hereto or change the basis of taxation on any amounts payable to
       the Bank hereunder (except in respect of tax on the overall net income of
       the Bank or any such holding company) or impose, modify or deem
       applicable requirements in respect of any liquid asset, special or other
       deposit or prudential or cash ratio or other requirements against, or the
       allocation by the Bank or any holding company of the Bank of capital in
       support of, any assets or liabilities or contingent liabilities of,
       deposits with or for the account of, or advances or commitments made by
       the Bank, and this shall increase the cost (to the Bank or any such
       holding company) of the Bank maintaining the Facility or shall reduce the
       amount of principal or interest receivable by the Bank or shall otherwise
       reduce the return to the Bank hereunder by an amount which the Bank deems
       material, the Borrower shall pay to the Bank upon demand such additional
       amounts as are necessary to compensate for such increased cost or
       reduction.

5.2    If at any time the currency in which any amount outstanding or owing in
       connection with the Facility is denominated is due to be or has been
       converted into the euro or into any other currency as a result of a
       change in law or by agreement between the Bank and the Borrower then:

       (a)    the Bank may in its sole discretion determine and shall give
              written notice to the Borrower of the currency or currency unit in
              which all or any amounts payable under or in connection with this
              letter shall be paid. After the expiry of 7 days from the date of
              such notice all such payments shall be made in such currency or
              currency unit and all references in this letter to currency shall
              mean and include reference to a currency unit; and

       (b)    the Bank may by giving not less than 21 days' written notice to
              the Borrower change any of the terms applying to the Facility but
              only to the extent that the Bank reasonably considers any such
              change necessary to take account of differences in market practice
              or to compensate for increases in costs to the Bank or to any
              holding company of the Bank arising from or related to such
              conversion or arising from or related to the introduction of or to
              the extension of monetary union within the European Union. Any
              such change shall amend the terms of this letter upon expiry of
              such period of notice.

       At any time within 21 days of receipt of such notice from the Bank the
       Borrower may prepay all (but not part) of the Loan. Any such prepayment
       may give rise to an amount becoming payable pursuant to Clause 11.1
       hereof. Once prepaid the Loan may not be redrawn.

5.3    All legal and other costs and expenses including any stamp and other
       duties and registration fees on a full indemnity basis and value added
       tax thereon incurred by the Bank in connection with the enforcement,

<PAGE>

       administration and preservation of its rights under the Facility shall be
       payable by the Borrower on demand.

5.4    On the Acceptance Date the Borrower shall pay to the Bank an arrangement
       fee of(pound)35,000.

6.     Conditions Precedent & Security

6.1    The obligations of the Bank hereunder shall not come into effect unless
       and until it has received in form and substance satisfactory to it:

       (a)    a copy of this letter duly signed by way of acceptance on behalf
              of each of the Borrower and the Parent;

       (b)    a certified copy of the board resolution of each of the Parent and
              the Borrower authorising acceptance of this letter and nominating
              the person(s) authorised to sign this letter on its behalf, and in
              the case of the Borrower the person(s) authorised to give and
              confirm notices of drawing and other communications required
              hereunder, together with in each such case their duly
              authenticated specimen signatures;

       (c)    if not already in the Bank's possession, a copy, certified as a
              true, complete and up-to-date copy by a duly authorised officer of
              the relevant company, of each of the Memorandum and Articles of
              Association and the Certificate of Incorporation of each of the
              Borrower and the Parent; and

       (d)    such evidence as the Bank shall require to confirm that the
              security already held by the Bank described in Clause 6.2 hereof
              is in full force and effect.

6.2    All amounts owing to the Bank under or pursuant to the Facility shall at
       all times be secured by:

       (a)    unlimited debentures in the Bank's standard form each dated 10th
              December 1999 from the Borrower, Trikon Holdings Limited, Trikon
              Equipments Limited, ET Equipments Limited, ET Electrotech Research
              Limited, Trikon Technologies (Israel) Limited, ET Fabrications
              Limited and Vacuum Control Systems Limited; and

       (b)    an omnibus guarantee and set off agreement in the Bank's standard
              form dated 10th December 1999 among the Bank, the Borrower, Trikon
              Holdings Limited, Trikon Equipments Limited, ET Equipments
              Limited, ET Electrotech Research Limited, Trikon Technologies
              (Israel) Limited, ET Fabrications Limited and Vacuum Control
              Systems Limited,

       together the "Security".

       The Security and all other security held by the Bank now or in the future
       shall be continuing security not only for the Facility but also for all
       other moneys obligations and liabilities whether certain or contingent at
       any time due owing or incurred by the Borrower or the relevant guarantor
       to the Bank.

6.3    The Borrower shall ensure that promptly upon request from the Bank at any
       time any Subsidiary Undertaking of the Borrower (including without
       limitation any company which becomes such a Subsidiary Undertaking
       subsequent to the date of this letter) which is not party to the omnibus
       guarantee and set off agreement referred to in Clause 6.2 hereof and/or
       which has not provided a debenture to the Bank shall become party to the
       security arrangements of this letter by such means as the Bank shall
       determine. The Borrower shall promptly provide the Bank with such
       evidence as the Bank shall require to confirm that any accession to the
       guarantee and set off agreement and any debenture given pursuant to this
       clause is in full force and effect.

7.     Representations & Warranties
       ----------------------------

7.1    Each of the Parent and the Borrower hereby represents and warrants to the
       Bank that:

       (a)    it is a company duly incorporated and validly existing under the
              laws of its place of incorporation possessing the capacity to sue
              or be sued in its own name;

       (b)    all action necessary to authorise its execution of this letter and
              the security documents required pursuant to the terms of this
              letter to which it is a party and its performance of its
<PAGE>

              respective obligations hereunder and thereunder has been duly
              taken and neither such execution nor such performance will cause
              any limit or restriction on its borrowing or other powers, or on
              the right or ability of its directors (or any of them) to exercise
              such powers, to be exceeded or breached or will constitute or
              result in any breach of any agreement, law, requirement or
              regulation;

       (c)    no material litigation, administrative or judicial proceedings are
              presently pending or threatened against it or any of its
              Subsidiary Undertakings;

       (d)    there has been no material adverse change in the financial
              condition of it or any of its Subsidiary Undertakings since the
              date of the Financial Statement received by the Bank prior to the
              date of this letter; and

       (e)    no Event of Default has occurred and is continuing.

7.2    The Parent and the Borrower shall be deemed to repeat the representations
       and warranties set out in Clause 7.1 hereof on each day on which any
       amount remains owing to the Bank hereunder or for as long as the Bank is
       under any obligation to make the Facility available in each case as if
       made at each such time with reference to the facts and circumstances then
       existing.

8.     Undertakings of the Borrower
       ----------------------------

8.1    From the Acceptance Date and for as long as the Bank is under any
       obligation to make the Facility available or for as long as any moneys or
       liabilities are owing or incurred to the Bank hereunder the Borrower
       shall immediately upon becoming aware of the same give the Bank written
       notice of the occurrence of any Event of Default.

9.     Undertakings of the Parent
       --------------------------

From the Acceptance Date and for as long as the Bank is under any obligation to
make the Facility available or for as long as any moneys or liabilities are
owing or incurred to the Bank hereunder the Parent:

9.1    shall not, and shall procure that none of its Subsidiary Undertakings
       shall, without the prior written consent of the Bank:

       (a)    factor or otherwise assign or deal with any book or other debts or
              securities for money now and from time to time due or owing to it
              or such a Subsidiary Undertaking otherwise than by getting in and
              realising the same in the ordinary course of business as now
              conducted;

       (b)    materially change the nature of its respective business as now
              conducted;

       (c)    create or permit to subsist or arise any mortgage, charge, pledge
              or lien or any other security interest or encumbrance (other than
              a lien arising solely by operation of law in the ordinary course
              of business) over any of its or such Subsidiary Undertaking's
              present or future undertaking, property, revenue or assets (except
              as provided herein);

       (d)    enter into or permit to subsist any transaction which, in legal
              terms, is not a secured Borrowing but which in the Bank's opinion
              has an economic or a financial or commercial effect similar to
              that of a secured Borrowing; or

       (e)    part with, sell, transfer, lease or otherwise dispose of (or
              attempt or agree to do any such thing) the whole or any material
              part of its or such Subsidiary Undertaking's undertaking,
              property, revenue or assets (either by a single transaction or a
              number of transactions whether related or not) other than for full
              value on an arm's length basis; and

9.2    shall comply with the following financial covenants, which covenants
       shall be tested against all financial information provided to the Bank
       pursuant to Clauses 9.3 (a) and (b) of this letter:

       (a)    the Parent shall not permit the Net Borrowing of the Parent and
              its Subsidiary Undertakings to exceed 50% of the Consolidated Net
              Worth; and

       (b)    the Parent shall procure that PBIT at all times exceeds 10 times
              of the aggregate amount of interest paid and payable; and

<PAGE>

9.3    shall supply to the Bank's Corporate & Institutional division:

       (a)    as soon as practicable (and in any event within 150 days after the
              close of each of its financial years) copies of its Financial
              Statement and the accounts of such of its Subsidiary Undertakings
              as the Bank may from time to time require for that financial year;

       (b)    as soon as practicable (and in any event within 75 days of the end
              of each of its financial half-years) the unaudited consolidated
              accounts of the Parent for that half-year certified by a director
              of the Parent;

       (c)    as soon as practicable (and in any event within 30 days of the end
              of each month) copies of the Parent's orders and shipments report
              for that month, such reports to be in form, substance and content
              acceptable to the Bank and to be certified by a director of the
              Parent; and

       (d)    promptly on request, such other information regarding the
              financial condition or the business of the Parent or any of its
              Subsidiary Undertakings as the Bank may reasonably require; and

9.4    shall ensure that it and each of its Subsidiary Undertakings maintains
       with reputable underwriters or insurance companies adequate insurance on
       and over its respective business and assets, such insurance to be against
       such risks and to the extent usual for persons carrying on a business
       such as that carried on by the Parent or, as the case may be by the
       relevant Subsidiary Undertaking and from time to time upon the request of
       the Bank, shall furnish the Bank with evidence of its compliance with its
       obligations under this clause; and

9.5    shall immediately upon becoming aware of the same notify the Bank in
       writing of the occurrence of any Event of Default.

10.    Events of Default
       -----------------

10.1   In the event that:

       (a)    the Borrower fails to pay any sum due hereunder on its due date;

       (b)    the Borrower defaults in the due performance or observance of any
              obligation accepted or undertaking given by it to the Bank or any
              representation warranty or statement made or deemed made by the
              Borrower herein or pursuant hereto proves to be incorrect or
              misleading;

       (c)    any other indebtedness of the Borrower becomes due or capable of
              being declared due prior to the stated due date for payment
              thereof or the Borrower defaults in the payment when due of any
              indebtedness or defaults in paying on the due date any sum payable
              by it under any guarantee, indemnity or similar undertaking given
              by it or steps are taken to enforce any security for any liability
              of the Borrower present or future;

       (d)    an encumbrancer takes possession or a receiver or similar official
              is appointed of any of the assets or undertaking of the Borrower
              or a petition is presented for the making of an administration
              order or any judgment made against the Borrower is not paid out,
              stayed or discharged within 14 days;

       (e)    proceedings are commenced or a petition is presented (and is not
              dismissed within 14 days) or an order is made or an effective
              resolution is passed for the winding up of the Borrower or the
              Borrower is or becomes insolvent or stops or threatens to stop
              payment of its debts generally or is deemed unable to pay its
              debts (whether within the meaning of Section 123 of the Insolvency
              Act 1986 or otherwise) or the directors of the Borrower become
              obliged to convene a meeting pursuant to Section 142 of the
              Companies Act 1985 or the Borrower makes or seeks to make any
              arrangement or composition with its creditors (whether under Part
              I of the Insolvency Act 1986 or otherwise);

       (f)    any guarantee, other security or other document or arrangement
              relied upon by the Bank in connection with the Facility ceases to
              be continuing or ceases to remain in full force and effect or
              notice of discontinuance is received by the Bank or the Bank
              reasonably believes that the effectiveness of any such document or
              arrangement is in doubt or if any provision of such document or
              arrangement is not complied with for any reason whatsoever;
<PAGE>

       (g)    the Borrower ceases or threatens to cease to carry on its business
              in the normal course or fails to maintain or breaches any
              franchise, licence or right necessary to conduct its business or
              breaches any legislation relating to its business, including
              without limitation any applicable environmental protection laws;

       (h)    the Borrower ceases to be a wholly owned Subsidiary Undertaking of
              the Parent, or the persons who now have control of the Borrower
              cease to have control of the Borrower ("control" having the
              meaning ascribed to it in Section 840 of the Income and
              Corporation Taxes Act 1988) or voting control of the Borrower is
              acquired by any person, or company or group of connected persons
              (as defined in Section 839 of the Income and Corporation Taxes Act
              1988) not having control of the Borrower at the date hereof; or

       (i)    any of the above events mutatis mutandis occur or proceedings
              analogous or equivalent thereto arise in relation to the Parent,
              any Subsidiary Undertaking of the Parent or the Borrower or any
              guarantor of the Facility,

       then the Bank shall have the right at any time or times thereafter to
       declare its commitments hereunder cancelled and/or all amounts then
       outstanding hereunder payable on demand, whereupon such commitments shall
       be so cancelled and/or such outstandings shall be so payable, and/or to
       declare the Facility immediately due and payable, whereupon the Borrower
       shall pay to the Bank the total principal amount outstanding hereunder
       together with accrued interest thereon and any other amounts payable
       hereunder.

10.2   If any amount is not paid when due hereunder (including under this
       clause) the Borrower shall pay to the Bank on demand interest on such sum
       (whether before or after judgment) at 2.25% per annum above the cost to
       the Bank as certified by the Bank of funding such sum on the London
       interbank market for such period or consecutive periods as the Bank in
       its sole discretion may select, running from the date of such default to
       the date of receipt of such sum in full by the Bank. Interest, if unpaid,
       shall be added to the sum in default on the last day of each such period
       or at 3 monthly intervals whichever is more frequent.

11.    Indemnities
       ------------

11.1   The Borrower shall indemnify the Bank, without prejudice to any of the
       Bank's other rights hereunder, against any loss or expense as certified
       by the Bank including legal expenses on a full indemnity basis and loss
       of profit which the Bank may incur or sustain as a consequence of the
       occurrence of any Event of Default or any failure by the Borrower to pay
       any sum demanded by the Bank as a result thereof, or any repayment of any
       drawing or part thereof being made otherwise than on the last day of its
       Interest Period or in the amounts and on the dates set out in, or
       required pursuant to, Clause 3.1 hereof.

12.    Notices
       -------

12.1   All communications from the Borrower in respect of the Facility:

       (a)    shall be irrevocable and shall, unless otherwise specified in this
              letter, be sent to the Bank at Loans Administration Department,
              Bank House, Wine Street, Bristol BS1 2AN or to such other address
              as the Bank may notify in writing to the Borrower from time to
              time; and

       (b)    unless required by the terms of this letter to be a written notice
              (in which case the communication must be given by letter), may be
              given to the Bank over the telephone or by facsimile transmission.
              All such communications shall be confirmed by letter within 3
              Business Days but, whether or not any such confirmation is
              received, any such communication received by the Bank purporting
              to be given by an authorised officer of the Borrower and believed
              by the Bank to be genuine shall have the same validity as a
              written notice duly signed by an authorised signatory.

12.2   Any notice or demand to be given by the Bank shall be given in writing
       and without prejudice to any other effective mode of service shall be
       deemed to have been sufficiently served if sent to the Borrower at its
       address given above or to its registered office for the time being.

<PAGE>

13.    Payments
       --------

13.1   All payments due from the Borrower hereunder shall be made without any
       set-off, deduction or withholding of any nature whatsoever.

13.2   The Borrower hereby authorises the Bank to debit the Current Account with
       the amount of all sterling payments due to the Bank from time to time
       under the terms of this letter and undertakes to ensure that there will
       be sufficient cleared funds available on that account or sufficient
       availability within any agreed overdraft thereon by 12 noon on any
       relevant date to cover all such payments falling due on that date.

14.    Assignment
       ----------

14.1   This letter shall be binding upon and shall inure only to the benefit of
       the Bank and the Borrower and their respective successors and assigns,
       provided that the Borrower shall not assign any of its rights or transfer
       any of its obligations hereunder without the prior written consent of the
       Bank. For the avoidance of doubt, the Bank and the Borrower do not intend
       that any of the terms of this letter should otherwise be enforceable, by
       virtue of the Contracts (Rights of Third Parties) Act 1999, by any person
       who is not a party to this letter.

14.2   The Borrower agrees that the Bank may at any time or times transfer the
       Facility to any other office of the Bank or assign and/or transfer all or
       any part of its rights and/or obligations hereunder or grant any
       participation in any such rights and/or obligations to any other member
       of the Lloyds TSB group and/or to any other bank or financial institution
       without any further consent from the Borrower provided that:

       (a)    no transfer of the Bank's obligations shall be effective until
              such time as the transferee shall have delivered to the Borrower
              an undertaking to be bound by the terms of this letter as if named
              as the lender hereunder (following receipt of which the Borrower
              shall only look to the transferee in respect of that portion of
              the Bank's obligations assumed by the transferee); and

       (b)    unless to another member of the Lloyds TSB group, no transfer of
              obligations may be made without the prior written consent of the
              Borrower, such consent not to be unreasonably withheld or delayed.

14.3   The Bank may disclose to a potential assignee or transferee or to any
       other bank or financial institution with which the Bank is proposing to
       enter into, or has entered into, any agreement pursuant to this clause
       such information about the Borrower or its Subsidiary Undertakings as the
       Bank shall consider appropriate.

15.    Miscellaneous
       -------------

15.1   If at any time the Bank delays exercising any of the rights it has under
       this letter or exercises only part of those rights, it will still have
       the right to exercise all or any other rights at any later time.

15.2   Without prejudice to the Bank's rights under any set off arrangements the
       Bank may at any time whether before or after any demand hereunder for
       payment without notice to the Borrower apply any moneys standing to the
       credit of the Borrower on any account and whether subject to notice or
       not and whether denominated in sterling or in any other currency in or
       towards satisfaction of any liabilities of the Borrower under this
       letter.

15.3   If the due date for any payment or the last day of any Interest Period
       would otherwise fall on a non-Business Day, the effective date shall be
       the next succeeding Business Day.

15.4   All calculations in respect of interest due to the Bank under the
       Facility shall be on the basis of the actual number of days elapsed and a
       365 day year or a 360 day year (as in the opinion of the Bank is market
       practice for the calculation of interest).

15.5   In this letter reference to (a) any statutory provision shall be deemed
       to mean and to include a reference to any modification or re-enactment
       thereof for the time being in force, (b) the London interbank offered

<PAGE>

       rate shall mean and include any rate replacing that rate from time to
       time, and (c) the Bank of England or the Financial Services Authority
       shall include any successor to that institution or authority.

15.6   This letter shall be governed by and construed in accordance with the
       laws of England and Wales.

16.    Period of Offer
       ---------------

16.1   The offer of the Facility is open for acceptance by returning the
       attached duplicate of this letter with the acknowledgement duly signed by
       authorised officers of both the Parent and the Borrower to be received by
       the Bank's Corporate & Institutional division not later than 31st March
       2001 failing which the offer will lapse.

Yours faithfully,
For and on behalf of Lloyds TSB Bank plc

R J Surrey
Senior Manager

We hereby acknowledge and accept the terms of your offer dated 6th March 2001 of
which this is a duplicate and agree all the terms and conditions therein
contained.

Dated this        day of                  2001

Pursuant to a Resolution of the Board dated                 2001

For and on behalf of Trikon Technologies Limited

We hereby acknowledge and accept the terms of your offer dated 6th March 2001 of
which this is a duplicate and agree all the terms and conditions therein
contained.

Dated this          day of                    2001

Pursuant to a Resolution of the Board dated                          2001

For and on behalf of Trikon Technologies Inc

<PAGE>
                            Documentation Risk Department
                            Wholesale & International
                            Lloyds TSB Bank plc   Direct Line: 020 7356 1456
                            71 Lombard Street     Switchboard: 020 7626 1500
                            London                Facsimile:   020 7356 1205
                            EC3P 3BS

                                                  Reference:   D/CMAR/HBMO3316

The Directors                                     13th February 2001
Trikon Technologies Limited
Ringland Way
Newport
Gwent NP6 2TA

Dear Sirs,

                        AMENDMENT LETTER

We refer to a letter dated 8th June 2000 (the "Facility Letter") and to security
documents required to be effected thereby from time to time. Pursuant to the
foregoing we agreed to make available to Trikon Technologies Limited a loan of
up to (pound)5,000,000.

We hereby confirm that the Facility Letter shall be amended so that with effect
from the date of the Facility Letter the definition of Parent set out in clause
1 of the Facility Letter shall be deemed to read:

"Parent"   means Trikon Technologies Inc."

and that, notwithstanding such amendment, the references to "the Parent" in
clause 5(b) shall be deemed to continue to refer to Trikon Holdings Limited.

All other terms and conditions expressed in the Agreement remain unaltered.

The above amendments shall be effective on the date upon which we receive a copy
of this letter signed and accepted by you. From the date of your acceptance the
Agreement and this letter shall be construed as one agreement.

Yours faithfully,
For and on behalf of Lloyds TSB Bank plc

R J Surrey
Senior Manager

<PAGE>

We hereby acknowledge and accept the terms of your offer dated insert date of
which this is a duplicate and agree all the terms and conditions therein
contained.

For and on behalf of Trikon Technologies Limited

Signed by  ...............(name)               ................. (name)

           ...............(signature)          .................. (signature)

           ...............(date)               .................. (date)

Acknowledged and agreed.

For and on behalf of Trikon Technologies Inc

Signed by  .................. (name)           .................. (name)

           .................. (signature)      .................. (signature)

           .................. (date)           .................. (date)<PAGE>

                                                                Exhibit 10.12(f)

                                                As Amended and Restated 4/6/2001

                       RULES OF GENERAL APPLICATION UNDER
                         THE CYTEC INDUSTRIES INC. 1993
                         STOCK AWARD AND INCENTIVE PLAN

RULE 3. This Rule applies to Performance Stock Awards granted by the
Compensation and Management Development Committee (the "Committee") with respect
to the 2001, 2002 and 2003 Performance Periods and related Performance Cash
Awards granted with respect to the 2001 Performance Period to persons who are
not, as of the date of grant, Executive Officers of the Corporation. The names
of such persons who have been granted awards with respect to the 2001
Performance Period are listed on Exhibits A and B to a separate document
entitled "Award Targets - Non-Officers", such separate document being
hereinafter called the "Target Document". This rule is adopted by the Executive
Committee pursuant to Paragraph (e) of Rule No. 1 under the Plan.

     (a) DEFINITIONS. As used in this Rule, the following terms shall have the
     following respective meanings:

          (i) "EBIT" means, with respect to any business unit for any fiscal
          year constituting a Performance Period, the earnings before interest
          and taxes of such business unit, determined on a basis consistent with
          the accounting principles used in determining EBIT in the
          Corporation's audited financial statements for such year; PROVIDED,
          that in the event of an acquisition by a business unit of another
          company or business, pro forma financing charges as determined by the
          Executive Committee, representing a financing charge for the purchase
          price, will be subtracted from the business unit's actual EBIT in
          determining EBIT for purposes of the Target Document (unless the
          proforma financing charge was considered by the Executive Committee in
          setting the EBIT target); PROVIDED, FURTHER, that the setting of new
          EBIT targets will not be affected by such financing charges.

          (ii) "Performance Period" means January 1-December 31, 2001, January
          1-December 31, 2002,

<PAGE>

          or January 1-December 31, 2003, as the context requires.

          (iii) "Plan" means the 1993 Stock Award and Incentive Plan of the
          Corporation, as amended.

          (iv) Terms defined in the Plan and used, but not defined, in this rule
          shall have the respective meanings ascribed thereto in the Plan.

     (b) PERFORMANCE TARGETS (2002 ET SEQ.) Beginning with the 2002 Performance
     Period and subject to paragraph (e) below ("Right to Change Targets") and
     subject to paragraph (f) below ("Deferred Stock Awards"), and subject to
     the terms of the Performance Stock Award Grant Letters, restrictions on
     Performance Stock Awards made to persons who, on the date of grant, are not
     Executive Officers of the Corporation shall lapse if and to the extent that
     the EPS performance targets established under Rule No. 1 are achieved, such
     targets being adopted by the Executive Committee for purposes of this Rule
     and incorporated herein by reference.

     (c) STAFF PERSONNEL (2001). Set forth on Exhibit A to the Target Document
     are the names of certain Participants who have been granted Performance
     Stock Awards and Performance Cash Awards. Subject to Paragraph (e) below
     ("Right to Change Targets") and subject to Paragraph (f) below ("Deferred
     Stock Awards"), and subject to the terms of the Performance Stock Award and
     Performance Cash Award Grant Letters, lapsing of the restrictions on the
     Performance Stock Awards and payment of the cash provided for in the
     related Performance Cash Awards for the 2001 Performance Period for these
     Participants, as applicable, shall be governed (except to the extent
     otherwise specified on Exhibit A), as to 100% of such Awards, by the
     targets established under Rule No. 1 under the Plan, as adopted by the
     Committee ("Rule No. 1"), such targets being adopted by the Executive
     Committee for purposes of this Rule and incorporated herein by reference.

     (d) BUSINESS GROUP PERSONNEL (2001). Set forth on Exhibit B to the Target
     Document are the names and business units of certain other Participants who
     have been granted Performance Stock Awards and Performance Cash Awards. As
     to these Participants (except to the extent otherwise specified on Exhibit
     B), Performance Stock Awards and related Performance Cash Awards for the
     2001 Performance Period shall each be divided into two portions: the "30%
     Portion," consisting of

<PAGE>

     30% of each Award (rounded up to the nearest whole dollar or the nearest
     whole share, as the case may be), and the "70% Portion," consisting of the
     remaining portion of each such Award. Subject to Paragraph (e) below
     ("Right to Change Targets") and subject to Paragraph (f) below ("Deferred
     Stock Awards"), and subject to the terms of the Performance Stock Award and
     Performance Cash Award Grant Letters:

          (i) PAYOUT TARGETS - 30% PORTION. Lapsing of the restrictions on the
          30% Portion of these Performance Stock Awards and payment of the cash
          provided for in the related 30% Portion of the Performance Cash Awards
          shall be governed by the targets established under Rule No. 1, which
          are incorporated herein by reference; and

          (ii) PAYOUT TARGETS - 70% PORTION. Lapsing of restrictions on the 70%
          Portion of these Performance Stock Awards and payment of the cash
          provided for in the related 70% Portion of the Performance Cash Awards
          shall occur if and to the extent that the respective business unit
          EBIT targets set forth on Exhibit B to the Target Document are met. If
          business unit EBIT is, in any fiscal year, greater than any applicable
          minimum amount shown on Exhibit B to the Target Document for such
          fiscal year, and less than the applicable maximum amount, then, in the
          case of the 70% Portion for a Participant named on such Exhibit B, the
          actual number of shares of Common Stock that shall vest, and the
          actual payout on the Performance Cash Award, shall be pro-rated. Any
          resulting fractional shares that vest shall be rounded up to the
          nearest whole share. The amount payable in respect of any Performance
          Cash Award shall be paid as soon as practicable after determination
          that the Award is payable.

     (e) RIGHT TO CHANGE TARGETS. The Executive Committee (or, in the case of
     any Grantee who subsequently becomes an Executive Officer of the
     Corporation, the Committee) reserves the right from time to time in its
     sole discretion to change the EBIT, EPS and Cash Flow Targets set forth in
     the Target Document, or incorporated herein by reference, to take into
     account developments in the Corporation's business, or in the business of
     any one or more business units, and/or to take into account changes in the
     structure of any business unit or of any Participant's responsibilities
     which were not fully contemplated at the time the targets were set or last
     revised;

<PAGE>

     PROVIDED that any such change must be made at or prior to the end of the
     Performance Period to which the target relates.

     (f) DEFERRED STOCK AWARDS. (i) If, as of the date on which any Performance
     Stock Award is to vest, any Participant's compensation for such year is
     such that it would exceed the maximum amount which is deductible by the
     Corporation under Section 162(m) of the Internal Revenue Code, the number
     of shares constituting such Performance Stock Award, to the extent of such
     excess amount, shall be forfeited and the Participant will be issued a
     Deferred Stock Award as defined in Section 6(h) of the Plan, equal to the
     number of shares so forfeited. Such Deferred Stock Award shall accrue
     Dividend Equivalents which will be deferred in the form of additional
     Deferred Stock Awards based on the Closing Price of the Corporation's
     Common Stock in the New York Stock Exchange Consolidated Tape on the date
     on which the related dividend is paid on the Corporation's Common Stock.

     (ii) The Committee may, prior to the beginning of the Performance Period
     with respect to a Performance Stock Award (or during such Performance
     Period, with respect to a Performance Stock Award granted during such
     Performance Period or not more than one month prior thereto), offer a
     Participant who has been granted such an award the opportunity to elect to
     defer all or a specified portion of such award in the form of a Deferred
     Stock Award. If a Participant elects deferral in accordance with the
     procedures established by the Committee, then, effective as of the date on
     which the related award of Performance Stock is to vest, the total award
     (or such lesser percentage of such total award as shall have been elected
     by the Participant and accepted by the Committee) shall be forfeited, and
     the Participant will be issued instead a Deferred Stock Award, as defined
     in Section 6(h) of the Plan, equal to the number of shares of Performance
     Stock so forfeited. Such Deferred Stock Award shall accrue Dividend
     Equivalents which will be deferred in the form of additional Deferred Stock
     based on the Closing Price of the Corporation's Common Stock in the New
     York Stock Exchange Consolidated Tape on the date on which the related
     dividend is paid on the Corporation's Common Stock. In the event that the
     Participant qualifies for a Deferred Stock Award under either this
     sub-paragraph or under sub-paragraph (f)(i) of this Rule No. 3, the
     Deferred Stock Award provided for under this sub-paragraph shall be granted
     first, before any Deferred Stock Award shall be granted under said
     sub-paragraph (f)(i).

<PAGE>

     (iii) Deferred Stock resulting from deferral of Dividend Equivalents will
     likewise bear Dividend Equivalents.

     (g) PERFORMANCE CASH AWARDS.

     (i) As provided in the Target Document, under certain circumstances the
     amount of Performance Cash that vests may exceed the nominal amount of the
     award, as set forth in the Grant Letter. For the Year 2001 Performance
     Period, the nominal percentage of Performance Cash that vests, as set forth
     in the Target Document, is multiplied by the applicable Market Value index
     set forth in the target document established under Rule No. 1 in order to
     determine the actual amount of Performance Cash that vests.

     (ii) In the case of a "Change in Control," the amount of a Performance Cash
     Award that vests in respect of any Performance Period for which a greater
     than 100% payout is possible is as follows: the full potential amount of
     the Award (i.e. the Award at the 200% payout level) is deemed to be the
     size of the Award, and shall be multiplied by the applicable Market Value
     index (determined as provided in Rule No. 1) in order to determine the
     amount of Performance Cash that so vests.

     (h) COMMITTEE APPROVAL. The targets set forth herein and in the Target
     Document, to the extent not previously reported to the Committee, will be
     reported to the Committee and, pursuant to Paragraph (e) of Rule No. 1,
     will be deemed approved and ratified by such Committee. Changes made to
     targets (see paragraph (e) above) may be so reported after the close of the
     Performance Period without affecting the validity of any change.

     (i) ADDITIONAL BONUSES. The foregoing long-term incentive awards are not
     intended to be exclusive, and the Corporation may grant any other
     additional forms of compensation, including but not limited to annual
     incentive compensation, stock options, special recognition awards, stock
     appreciation rights or any other form of compensation whatsoever.

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