FINANCIAL INFORMATION

EX-10.2 4 v91812exv10w2.txt EXHIBIT 10.2 EXHIBIT 10.2 NEC Corporation [NEC LOGO] April 24, 2003 Cray Inc. 411 First Avenue South, Suite 600 Seattle, WA 98104-2860 U.S.A. Attention: Kenneth W. Johnson Re: Cray - NEC Distribution Agreement Dear Mr. Johnson, Reference is made to the Distribution Agreement, dated as of February 28, 2001(the "Distribution Agreement"), between Cray Inc. ("Cray") and NEC Corporation ("NEC"). This is to notify Cray that because Cray failed to satisfy both of the minimum order volume options set forth in Section 9.1 of the Distribution Agreement during the first Order Period (as such term is defined in such section 9.1) ended on March 31, 2003, pursuant to the terms of such Section 9.1 NEC hereby exercise its option to change the exclusive distributorship of Cray in North America into a non - exclusive distributorship. The above change shall become effective on August 1, 2003. Sincerely yours, /s/ Tadao Kondo Tadao Kondo Senior Vice President cc: Stoel Rives LLP 900 SW Fifth Avenue, Suite 2600 Portland, OR ###-###-#### U.S.A. Attention: Jere M. Webb