Loan Agreement between Affymetrix, Inc. and Barbara A. Caulfield dated January 7, 2004
Affymetrix, Inc. has agreed to loan $1,200,000 to Barbara A. Caulfield as part of her employment offer. The loan term is four years or until Ms. Caulfield leaves the company, whichever occurs first, starting from the date the loan is given. The interest rate is set at the IRS imputed rate on the loan's start date. Ms. Caulfield is required to begin paying accrued interest two years after the loan begins.
Exhibit 10.65
Loan Agreement between Barbara A. Caulfield and Affymetrix, Inc.
As part of the Employment Offer dated July 16, 2001, Affymetrix, Inc. agrees to loan Barbara A. Caulfield $1,200,000.00 for a term of four years or to the date Barbara A. Caulfield leaves Affymetrix, Inc., which ever comes first. The loan term begins the day the loan is disbursed. The rate of interest is at the IRS imputed interest rate on the first day of the term of the loan.
Barbara A. Caulfield will begin paying accrued interest 2 years after the first day of the term of the loan.
| /s/ GREGORY T. SCHIFFMAN |
| /s/ BARBARA A. CAULFIELD |
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| Gregory T. Schiffman | Barbara A. Caulfield | ||
| Senior Vice President and Chief Financial Officer | EVP & General Counsel | ||
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| Date: January 7, 2004 |
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