Confirmation of Financial Transaction Balances and Contract Terms between The Tokai Bank, Ltd. and Asyst Japan Inc. as of March 31, 2001

Summary

This document confirms the financial transaction balances and contract terms between The Tokai Bank, Ltd. and its client, Asyst Japan Inc., as of March 31, 2001. It details various account balances, including deposits, loans, trust accounts, and guarantees, as well as the status of collateral and guarantees associated with these accounts. The confirmation serves as an official record of the financial relationship and obligations between the bank and the client at the specified date.

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EX-10.29 6 dex1029.txt CASH CONSUMER DEBTOR DATED 03/23/2001 EXHIBIT 10.29 [For Reply] NO.___________ CONFIRMATION ------------ April 9, 2001 TO: [illegible] Name of Financial Institution: The Tokai Bank. Ltd. -------------------- Name of Person Responsible: Akira Tomita ------------ This certifies the following transaction balances and contract terms between said financial institution and its client Asyst Japan Inc. as of March 31, 2001: ---------------- To wit: 1. Deposit Balances (including [illegible] loan and money transactions)
Type Amount Collateral Deduction or Type Amount Collateral Deduction or Withdrawal Amount Withdrawal Amount - ----------------------------------------------------------------------------------------------------------------------------- current deposit 25,669,659 loan fund does not apply - ----------------------------------------------------------------------------------------------------------------------------- ordinary deposit 17,163,839 claim deposit 877,942 [illegible] - ----------------------------------------------------------------------------------------------------------------------------- notice deposit does not apply fixed deposit does not apply - ----------------------------------------------------------------------------------------------------------------------------- fixed deposit 220,015,466 foreign currency deposit 87.81 - ----------------------------------------------------------------------------------------------------------------------------- money trust does not apply - -----------------------------------------------------------------------------------------------------------------------------
2. Money Trusts (special money trusts and special fund trusts (fund trusts)) and other Trust Principal Balances
Type Contract No. [illegible] Balance Collateral Deduction or Closest Trust Time of Withdrawal Amount Closing Date Same - -------------------------------------------------------------------------------------------------------------------- DOES NOT APPLY Yes/NO - --------------------------------------------------------------------------------------------------------------------
Derivative transaction balances contained in the above trust assets (please enter description and market price of same): --------------------------------------------- 3. [illegible] Transaction Balances
Title Number Shares Sold or Bought by Us Settlement Date Date Received Unit Price Amount - ------------------------------------------------------------------------------------------------------------------------------ start end start end start end - ------------------------------------------------------------------------------------------------------------------------------- DOES NOT APPLY sold-bought - -------------------------------------------------------------------------------------------------------------------------------
4. Loan Balances and Overdraft Balances
Type Amount Loan Repayment Interest Final Payment of Collateral Guarantee Date Date Rate Date - ------------------------------------------------------------------------------------------------------------------------------- type of type of guarantor amount article collateral - ------------------------------------------------------------------------------------------------------------------------------- [BEGIN STRIKE THROUGH] DOES NOT APPLY [END STRIKE THROUGH] SEE ATTACHED % - ------------------------------------------------------------------------------------------------------------------------------ % - ------------------------------------------------------------------------------------------------------------------------------
5. Balance of Discounted Notes
Number Shares Amount Collateral Guarantee - ------------------------------------------------------------------------------------------------------------------------------- type of type of guarantor amount article collateral - ------------------------------------------------------------------------------------------------------------------------------- DOES NOT APPLY - -------------------------------------------------------------------------------------------------------------------------------
6. Balance of Collection Bills
Domestic Exchange Foreign Exchange - ------------------------------------------------------------------------------------------------------------------------------ number shares amount number shares amount - ------------------------------------------------------------------------------------------------------------------------------ DOES NOT APPLY - ------------------------------------------------------------------------------------------------------------------------------
7. Balance of Notes Secured by Collateral
Number Notes Amount - ------------------------------------------------------------------------------------------------------------------------------- [BEGIN STRIKE THROUGH] DOES NOT APPLY [END STRIKE THROUGH] 112 notes 396,122,058 yen - -------------------------------------------------------------------------------------------------------------------------------
8. Calculation of Per Contra for Acceptances and Guarantees (1) Payment Bond Balances (balances guaranteed by us for debt of the client)
Type Amount Collateral Guarantee - ------------------------------------------------------------------------------------------------------------------------------- type of type of guarantor amount article collateral - ------------------------------------------------------------------------------------------------------------------------------- DOES NOT APPLY - -------------------------------------------------------------------------------------------------------------------------------
(2) Unused Balance of Credit Condition _____________ (3) Other_______________ 9. Obligation Guarantee Receipt Balances (balance of payment bonds, guarantee executed by client on behalf of our client)
Obligation Guarantee Amount Term of Guarantee Category Collateral Conditions - ------------------------------------------------------------------------------------------------------------------------------- [BEGIN STRIKE THROUGH] DOES NOT APPLY [END STIKE THROUGH] obligation guarantee - obligation guarantee contract - ------------------------------------------------------------------------------------------------------------------------------- Mex Co., Ltd. 50,000,000 root[?] guarantee relief guarantee - obligation ---------------- guarantee contract - --------------------------------------------------------------------------------------------------------------------------------
10. Liabilities Arising from Securities Received as Deposit
Type Name of Security Deposit Date Amount Category Description - ------------------------------------------------------------------------------------------------------------------------------- DOES NOT APPLY - -------------------------------------------------------------------------------------------------------------------------------
11. Foreign Exchange Balances (1) Foreign Bills Bought DOES NOT APPLY (of which, no ------------------ letter of credit:)_______ (2) Foreign Bills Receivable __________________ (3) Other __________________ 12. Loaned and Borrowed Securities balance
Loaned to or Borrowed from Us Title Stock (of Security) Type Loan for Consumption or Loan for Use Outline - -------------------------------------------------------------------------------------------------------------------------------- loaned - borrowed DOES NOT APPLY loan for consumption - loan for use - -------------------------------------------------------------------------------------------------------------------------------- loaned - borrowed loan for consumption - loan for use - --------------------------------------------------------------------------------------------------------------------------------
13. Derivative Transaction Contracts (1) Market Transactions [1] Futures Transaction Balances
Transaction Transaction Delivery Sold or Settlement Settlement Derivative Contract Market Price Market Product Month Loaned by Us Date Unit Price (number Item on Agreed shares) Ref. Date - ------------------------------------------------------------------------------------------------------------------------------- DOES NOT APPLY sold - loaned - ----------------------------------------------------------------------------------------------------------------------------------- sold - loaned - -----------------------------------------------------------------------------------------------------------------------------------
[2] Option Transaction Balances
Transaction Transaction Delivery Call or Sold or Settlement Exercise Settlement Derivative Contract Market Price Market Product Month Put Loaned by Date of Right Unit Price (number Item on Agreed Us ([illeg.]) shares) Ref. Date - ------------------------------------------------------------------------------------------------------------------------------- DOES NOT APPLY call-put sold-loaned - ------------------------------------------------------------------------------------------------------------------------------- call-put sold-loaned - -------------------------------------------------------------------------------------------------------------------------------
Received margin money balances pertaining to the above [1] and [2]:_____________ (2) Transactions Other Than Market Transactions [1] Futures Transactions (interest futures transactions and exchange futures transactions) Balances
Contract Type Settlement Contract Term Currency Bought or Sold Hypothetical Settlement Interest Market Price No. Date Type by Us Principal or Settlement on Agreed Exchange Rate Ref. Date - ----------------------------------------------------------------------------------------------------------------------------- start end - ----------------------------------------------------------------------------------------------------------------------------- DOES NOT APPLY bought - sold - ----------------------------------------------------------------------------------------------------------------------------- bought - sold - -----------------------------------------------------------------------------------------------------------------------------
[2] Exchange Contract Transaction Balances
Contract Currency Settlement Contract Contract Promised Bought or Sold by Market Price on Item Type Date Term Type Exchange Rate Us Agreed Ref. Date - ------------------------------------------------------------------------------------------------------------------------------- DOES NOT APPLY bought - sold - ------------------------------------------------------------------------------------------------------------------------------- bought - sold - -------------------------------------------------------------------------------------------------------------------------------
[3] Option Transaction Balances
Contract Type Settlement Exercise Currency Call or Bought Contract Type Exercise Option Option Market Item Date [illeg.] Type Put or Sold (hypothetical of Right Fee Fee Price on by Us principal) ([illeg.]) Settlement Agreed Date Ref. Date - -------------------------------------------------------------------------------------------------------------------------------- DOES NOT APPLY call - bought - put sold - -------------------------------------------------------------------------------------------------------------------------------- call - bought - put sold - --------------------------------------------------------------------------------------------------------------------------------
[4] Swap Transaction Balances A. Currency Swaps
Contract Term Balance Received From Us Balance Paid to Us Latent Loss of Contract Type Settlement --------------- ------------------------ -------------------- Client as of Agreed Item Date start end principal interest principal interest Reference Date - ---------------------------------------------------------------------------------------------------------------------------------- DOES NOT APPLY currency % currency % amount % amount % - ---------------------------------------------------------------------------------------------------------------------------------- currency % currency % amount % amount % - ----------------------------------------------------------------------------------------------------------------------------------
B. Interest Swaps
Contract Term Interest Received from Us Paid to Us Latent Loss of Contract Type Settlement --------- Receipt (Hypothetical) ---------------------------------------- Client as of Agreed Item Date start end Date Principal principal interest principal interest Reference Date - -------------------------------------------------------------------------------------------------------------------------------- DOES NOT APPLY % % % % - -------------------------------------------------------------------------------------------------------------------------------- % % % % - --------------------------------------------------------------------------------------------------------------------------------
[5] Other Derivative Transaction Balances (transactions not included in the above [1] to [4] or compound transactions)
Contract Item Type Settlement Outline of Transaction Contract Type Latent Loss of Client as of Date Hypothetical Principal Agreed Reference Date - ------------------------------------------------------------------------------------------------------------------------------- DOES NOT APPLY - -------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------
Received margin money balances pertaining to the above [1] - [5]: - 14. Other DOES NOT APPLY -------------- GUIDE TO RECEIPTS AND PAYMENTS March 30 Asyst Japan, Inc. The Tokai Bank Current Account No. 160716 Bisai Branch
Number Date Paid Out Deposited Transaction Category Summary - ------------------------------------------------------------------------------------------------------------- 002 March 30 (Yen)100,000,000 receipt by computer from ordinary account - --------------------------------------------------------------------------------------------------------------
[note to right:] 3/31 Tokai Total (Yen)100,000,000 (one item) Balance (Yen)25,669,658 3/31 217,970,918 -192,301,260
CURRENT ACCOUNT OVERDRAFT AGREEMENT June 29, 1995 TO: The Tokai Bank, Ltd. Principal MAIS CO., LTD. KAZUO KIMATA, Representative Address 28 Teino, Kitaima Aza, Bisai, Aichi Prefecture Guarantor Address In addition to the Current Account Rules and Agreement on Bank Transactions inserted separately, I agree to the following items regarding current overdraft transactions resulting from current account transactions with the Bank: Article 1 (Overdraft Limit) (1) The overdraft limit shall be four-hundred million (400,000,000) yen. (2) The Bank can, at its option, make check payment in the event the maximum amount of this limit is exceeded, in which case, I shall pay the amount exceeding the maximum amount each time there is a demand from the Bank. Article 2 (Transaction Term) The term of transactions executed based on this Agreement shall be June 30, 1996. However, if there is no notice or proposal for ending transactions from the Bank or me before expiration of this term, this term shall be extended for one more year; and likewise thereafter. Article 3 (Interest) Interest on overdrafts shall be determined according to the interest rate and the period and method of calculation determined by the Bank, and can, at its option, be deducted from my current deposit or incorporated in the overdraft account each time interest is calculated. In the event the Bank demands a promised payment by cash, I shall respond to this promptly. Article 4 (Collateral) In the event an overdraft occurs according to the terms of this Agreement, securities received or held in the current account shall be transferred as collateral for this overdraft. Article 5 (Immediate Payment) (1) In case where any of the following events occur with respect to myself, I shall pay the principal and interest of overdraft even without written notice from the Bank: (continued on the other side) BALANCE CERTIFICATE (page 1 of 1 page(s) of said document) April 2, 2001 The Tokai Bank, Ltd. Bisai Branch TEL 0586-62-7221 TO: Asyst Japan, Inc. 2-6-23 Shin Yokohama Kohoku-ku, Yokohama ###-###-#### This certifies that the following calculated balance under your name is true and correct as of March 31, 2001.
--------------------------------------------------- CASH TOTAL (Yen)1,986,764,000 ---------------------------------------------------
Details
- ----------------------------------------------------------------------------------------------------- Item Amount Notes (including unsettled bond balances at other branches) - ----------------------------------------------------------------------------------------------------- Loan on Deed (Yen)271,764,000 - ----------------------------------------------------------------------------------------------------- Loan on Bill (Yen)1,715,000,000 - ----------------------------------------------------------------------------------------------------- BELOW INTENTIONALLY LEFT BLANK - ----------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------- - -----------------------------------------------------------------------------------------------------
5800(12.11A) The amount of this Certificate shall not be corrected. [(Yen)100,000 revenue stamp]
------------------------ Branch Account No. ------------------------ ------------------------
CASH CONSUMER DEBTOR AND CREDITOR AGREEMENT (Form for loan on deed, daily rate, and installment or fixed-date payment of principal) March 23, 2001 ------------------------- Loan Date: March 30, 2001 -------------------------
----------------------------- TO: The Tokai Bank, Ltd. Repayment Deposit Account Notification Stamp ----------------------------- Responsible Party: Name Josui Nashimoto, Representative Director If stamp used for loan _________________________________________ transactions is different from Asyst Japan, Inc. [seal] repayment deposit account _________________________________________ notification stamp, please Address 2-6-23 Shin Yokohama, Kohoku-ku, Yokohama affix repayment deposit _________________________________________ account notification stamp. Joint Surety Party: Name _________________________________ [seal] Address _________________________________________ Joint Surety Party: Name _________________________________ [seal] Address _________________________________________
Article 1 In addition to the terms of the Agreement on Bank Transactions inserted separately, the Responsible Party agrees to borrow from the Bank on the above loan date according to the following terms and conditions:
1. Amount 200,000,000,000 yen cash 2. Purpose long-term operating capital - --------------------------------------------------------------------------------------------------------- 3. Repayment Term February 29, 2008 - --------------------------------------------------------------------------------------------------------- 4. Repayment Method Date First payment on May 1, 2001, then on the last of every month thereafter until payment is complete. ---------------------------------------------------------------------------- First payment 2,400,000 yen ---------------------------------------------------------------------- Amount Second and subsequent payments 2,400,000 yen --------------------------------------------------------------------- Final payment 3,200,000 yen - --------------------------------------------------------------------------------------------------------- 5. Interest I agree to a rate of 2.30% per annum, with no change during the loan term. - --------------------------------------------------------------------------------------------------------- 6. Interest Payment Interest through May 7, 2001, shall be prepaid at the time of the loan, and Term interest through the following payment settlement date shall be prepaid on the 1st of every month thereafter. - --------------------------------------------------------------------------------------------------------- 7. Penalty Assessed at a rate of 14% per annum of the amount due for payment. - --------------------------------------------------------------------------------------------------------- 8. Method for Calculated based on 365 days per year. Calculating Interest and Penalties - ---------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------- 9. Account Drawn for Branch Type Account No. Principal, Interest, -------------------------------------------------------------------------- and Penalties Bisai Branch Ordinary / Current 570151 - --------------------------------------------------------------------------------------------------------- 10. Other If the loan repayment date or interest payment date falls on a bank holiday, the payment date shall be: [_] 1. the next business day [_] 2. the previous business day [_] 3. the next business day, but if this [_] 4. the previous business day, falls in the next month, then the but if this falls in the previous business day previous month, then the next business day - ---------------------------------------------------------------------------------------------------------
(continued on the other side) Article 9 (Designation of Appropriation) In the event settlement or deduction calculation pursuant to Article 7 is not sufficient to extinguish the full amount of my debt, the Bank can make appropriation by a sequence and method that it deems appropriate, and I shall make no objection to such appropriation. Article 9-2 (Same) 1. In the event offset by me pursuant to Article 7-2 is not sufficient to extinguish the full amount of my debt, appropriation can be made by a sequence and method designated by me. 2. If I do not designate a sequence and method as specified in the previous section, the Bank can make appropriation by a sequence and method that it deems appropriate, and I shall make no objection to such appropriation. 3. In the event designation pursuant to Section 1 risks causing hindrance in terms of debt security, the Bank shall state its objection without delay, and can make appropriation by a sequence and method that it deems appropriate with respect to, but not limited to, presence or absence, degree, and relative difficulty in handling collateral or security, extension of settlement term, or expected payment of discounted bills or notes. 4. In case of appropriation by the Bank pursuant to Section 2, the Bank can designate the sequence and method by which debts of mine not yet due are appropriated as debts that are due, discounted bills or notes before expiration of the term are appropriated as redeemed debts, or acceptances or guarantees are appropriated as compensation for an earlier debts for which I am liable. Article 10 (Liability for Risk and Conditions of Exemption) 1. In the event bills drawn, endorsed, accepted, whether in act of honor or otherwise, or guaranteed by me, or certificates deposited with the Bank by me, are lost, destroyed, damaged, or delayed due to accidental event, disaster, accident during transport, or other unavoidable circumstance, debts shall be settled based on records of the Bank such as ledgers or vouchers. Moreover, if demanded by the Bank, substitute bills or certificates shall be deposited. In this event, I shall not make any demands for damages to the Bank. 2. In the event damages arise due to unavoidable circumstances as described above to the warrants I submit, I will not demand damages from the bank. 3. In the event conditions of bills are deficient or rights regarding bills are not established due to description that invalidates the bills, or in the event rights regarding bills are canceled due to deficiency in the procedure for securing rights, I shall be responsible for the face-value amount of such bills. 4. In the event differences are found when seal impressions on bills or certificates are compared with suitable care to seal impressions sent by me, even in the event of accidents including but not limited to counterfeiting, alteration, or embezzlement of bills, certificates, or seals, I shall be responsible for damages arising as a result and shall bear responsibility according to the text described in such bills or certificates. 5. I shall be responsible for all costs required for executing or securing my rights or collecting or handling collateral for me, and all costs required in the event I request cooperation to the Bank in securing my rights. Article 11 (Change in Notified Items) 1. In the event there are any changes in seals, names or titles, representatives, addresses, or other notified items, I shall notify the Bank of these promptly in writing. 2. In the event documents including but not limited to notices sent by the Bank or documents forwarded by the Bank are delayed or fail to arrive due to negligence in notifying the Bank as specified in the previous section, these shall be deemed to have arrived at the time they should have arrived. Article 12 (Reports and Investigations) 1. Whenever the Bank demands information regarding assets, management, or business conditions, I shall report such information promptly and supply any accommodation required for investigation. 2. In the event there has been any major change or likelihood of major change in assets, management, or business conditions, I shall report such changes promptly without demand from the Bank. Article 13 (Applicable Offices) The terms of this Agreement shall be recognized as applying to all transactions between me and the main office or any branch office of the Bank. Article 14 (Jurisdiction) In the event legal action is required regarding transactions based on this Agreement, the presiding court shall be the court having jurisdiction over the location of the main office of the Bank or the Bisai branch of the Bank. ----- End of Document [(Yen)20,000 revenue stamp] ------------------- Branch Account No. ------------------- 304 1016 ------------------- CASH CONSUMER DEBTOR AND CREDITOR AGREEMENT (Form for loan on deed, daily rate, and installment or fixed-date payment of principal) December 6, 1999 TO: The Tokai Bank, Ltd. Responsible Party: Name Kazuo Kimata, Representative Director ----------------------- ----------------------------------------------- Repayment Deposit Mecs Co., Ltd. [seal] Account Notification ----------------------------------------------- Stamp Address 28 Teino, Kitaima Aza, Bisai, Aichi Prefecture ----------------------- ----------------------------------------------- ----------------------- Joint Surety Party: Name Kazuo Kimata [seal] If stamp used for loan ----------------------------------------------- transactions is Address 35 Ohiraura, Higashi Itsushiro Aza, different from repayment ----------------------------------------------- deposit account Bisai, Aichi Prefecture notification stamp, ----------------------------------------------- please affix repayment Joint Surety Party: Name Yoshiko Kimata [seal] deposit account ----------------------------------------------- notification stamp. Address 35 Ohiraura, Higashi Itsushiro Aza, ----------------------------------------------- Bisai, Aichi Prefecture -----------------------------------------------
Article 1 In addition to the Agreement on Bank Transactions inserted separately, the Responsible Party agrees to borrow from the Bank on the above loan date according to the following terms and conditions: - --------------------------------------------------------------------------------------------------------- 1. Amount 50,000,000,000 yen cash 2. Purpose operating capital - --------------------------------------------------------------------------------------------------------- 3. Repayment Term November 30, 2004 - --------------------------------------------------------------------------------------------------------- 4. Repayment Method Date First payment on January 4, 2000, then on the 31st of every month thereafter until payment is complete. ---------------------------------------------------------------------------------- First payment 833,000 yen -------------------------------------------------------------------------- Amount Second and subsequent payments 833,000 yen -------------------------------------------------------------------------- Final payment 853,000 yen - --------------------------------------------------------------------------------------------------------- 5. Interest Rate of 1.500% per annum. However, the Bank can vary this according to general practice in the event of a change in financial market conditions or other just cause. - --------------------------------------------------------------------------------------------------------- 6. Interest Payment Interest through January 4, 2000, shall be prepaid at the time of the loan, and Term interest through the following payment settlement date shall be prepaid on the 31st of every month thereafter. - --------------------------------------------------------------------------------------------------------- 7. Penalty Assessed at a rate of 14% per annum of the amount due for payment. - --------------------------------------------------------------------------------------------------------- 8. Method for Calculated based on 365 days per year. Calculating Interest and Penalties - ---------------------------------------------------------------------------------------------------------
9. Account Drawn Branch Type Account No. for Principal, ---------------------------------------------------------------------------- Interest, and Bisai Branch Ordinary / Current 570151 Penalties -------- - ---------------------------------------------------------------------------------------------------------
10. Other If the loan repayment date or interest payment date falls on a bank holiday, the payment date shall be:
[_] 1. the next business day [_] 2. the previous business day [_] 3. the next business day, but if this [_] 4. the previous business falls in the next month, then the day, but if this falls in previous business day the previous month, then the next business day - ---------------------------------------------------------------------------------------------------------
[above bar code:] Cash Consumer Debtor and Creditor Agreement LETTER OF GUARANTEE TO: THE TOKAI BANK, LTD. The undersigned Guarantor (the "Guarantor") hereby jointly and severally with the undersigned Borrower (the "Borrower") guarantees to your Bank all obligations and liabilities of the Borrower, whether present or future, which are now or may at any time hereafter become due under any and all transactions (the "Bank Transactions") as stipulated in Article 1 of the Agreement on Bank Transactions (the "Agreement on Bank Transactions") submitted by the Borrower to your Bank, subject to (i) all of the terms and conditions hereafter set forth and (ii) all of terms and conditions set forth in the Agreement on Bank Transactions. Article 1. The maximum amount of the principal of the Bank Transactions guaranteed hereunder shall be 2,000,000,000 Yen, to which, in ----------------- addition, the Guarantor shall jointly and severally with the Borrower guarantee the due and punctual payment by the Borrower of interest, default interest, costs and any expenses whatsoever incurred with respect to the Bank Transactions. Article 2. In the event that the Borrower fails to pay any sums that are now or become payable under the Bank Transactions, the Guarantor will pay to you Bank the outstanding amount secured hereby immediately upon your demand in writing including a statement that the Borrower is in default of payment to your Bank. The Guarantor hereby waives any right to require your Bank to sue, enforce payment or exhaust any right or remedy which it may have against the Borrower or any other party before your Bank may proceed to exercise any right or remedy it may have hereunder. The Guarantor hereby waives any right to require your Bank to proceed first against the Borrower or to give any notice to or demand on the Borrower. Article 3. If there exists any guaranty which has been executed or will be executed in the future by any other party (other than the Guarantor) as security for the Borrower's obligations and liabilities under the Bank Transactions, then the Guarantor shall be jointly and severally liable with any other such Guarantor. Article 4. The Guarantor hereby agrees not to set-off its obligations and liabilities hereunder against any claim which the Borrower may have against your Bank under any deposit or account for any reason whatsoever. Article 5. The Guarantor shall not claim that it should be discharged or exonerated due to the fact that your Bank has modified or discharged security or other guaranty for any reason whatsoever. Article 6. (1) In the event that the Borrower fails to pay any sums payable, your Bank may set-off any obligations your Bank owes the Guarantor (such as deposits and/or any other credit of the Guarantor with your Bank) against the obligations and liabilities hereunder which have become due, even when such obligations have not yet become due. (2) In cases in which there exist Bills or Notes pertaining to the Guarantor's obligations, and you Bank sets-off as set forth in (1) above, your Bank need not simultaneously return to the Guarantor any such Bills or Notes, in such case, the Guarantor shall appear at your Bank to receive such Bills or Notes. Article 7. During the period of time during which any transactions whatsoever between your Bank and the Borrower continue to exist, the Guarantor shall not, without the prior consent of your Bank enforce its right of subrogation or any title, power or claim which it may obtain as a result of subrogation, and Guarantor shall assign or transfer such right power and claim or the order of priority thereof upon demand by your Bank. Article 8. All notices, demands and other communications by your Bank to the Guarantor shall be made to the address specified on the last page hereunder. If your Bank gives a notice or demand by telex, your Bank shall send the telex to Guarantor's number . ---------------- All such notices, demands or communications shall be deemed to have been received by the Guarantor to whom it is addressed when delivered (in the case of hand delivery) or seven days after posting (in the case of airmail post), or on dispatch (when sent by telex). Article 9. In the event the institution of a lawsuit in connection with a transaction covered by this Letter becomes necessary, the Guarantor agrees that the court having the jurisdiction in the local in which the head office or any branch office of your Bank is situated shall be the competent court. Article 10. If any guaranty which has been executed or will be executed in the future by the Guarantor as security for the Borrower's obligations and liabilities establishes a certain aggregated guaranteed amount thereunder, the amount guaranteed hereunder shall be added to the said aggregate. Article 11. If there shall be invalidity, unenforceabilty or illegality of any of the Bank Transaction by unauthorized agent, disability or any other reason, the Guarantor shall indemnify your Bank against any costs, claims, expenses and fees or whatsoever which your Bank shall sustain or incur as a consequence of such Bank Transactions. Article 12. All payments by the Guarantor in your bank hereunder shall be without set-off or counterclaim, free and clear of and without deduction for any present or future taxes, restriction or conditions of any nature, except as may be required by law. Should the Guarantor be required to make any deduction of any nature or withholding from any payment due hereunder the Guarantor will pay such additional amount as may be necessary to pay your Bank the full amount of any payment hereunder that your Bank would have received in the absence of such withholding or deduction. The Guarantor shall promptly send to your Bank such other documentary evidence with respect to such additional payments as may be required by your Bank. Article 13. This Letter of Guarantee shall be governed by, and construed in accordance with the laws of Japan. IN WITNESS WHEREOF this Guarantee has been executed by the Guarantor dated this 30th day of June , Twenty Hundred. - ---- ---- The Guarantor: (Name) Asyst Technologies, Inc ------------------------------- (address) 48761 Kato Road Freemont, CA 94538 /s/ Douglas McCutcheon --------------------------------- by: Douglas McCutcheon its title: Senior Vice President The Borrower hereby acknowledges and agrees to the execution of the Letter of Guarantee above. The Borrower: Takezumi Nashiki, ------------------ Representative Director, ------------------------- Kabushiki Kaiysa MEKKUSU ------------------------ #28 Aza Johnoh, Kitaima ----------------------- Bisai-shi, Aichi-ken -------------------- (All questions that may arise within or without courts of law in regard to the meaning of the words, provisions and stipulations of this Letter shall be decided in accordance with the Japanese text.)