Mutual Termination Agreement among Applied Materials, Inc., Tokyo Electron Limited, and Eteris B.V.
Applied Materials, Inc., Tokyo Electron Limited, and Eteris B.V. have agreed to mutually terminate their previous Business Combination Agreement, originally signed in 2013. This agreement formalizes the termination, effective upon signing, and specifies that the terms of Section 6.2 of the original agreement will govern the consequences of this termination. The parties acknowledge that all obligations under the original agreement are ended as of the date of this mutual termination.
Exhibit 2.1
MUTUAL TERMINATION AGREEMENT
THIS MUTUAL TERMINATION AGREEMENT (this Agreement) is made and entered into as of April 26, 2015 (U.S.) and April 27, 2015 (Japan), by and among: APPLIED MATERIALS, INC., a Delaware corporation (Applied); TOKYO ELECTRON LIMITED, a Japanese corporation (kabushiki kaisha) (TEL); and ETERIS B.V., a Netherlands private limited liability corporation (besloten vennootschap) (Eteris).
RECITALS
A. Applied and TEL entered into that certain Business Combination Agreement, dated as of September 24, 2013, as amended to date (as so amended, the BCA).
B. Applied, TEL and Eteris have determined to terminate the BCA.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual promises contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Applied, TEL and Eteris agree that: (a) pursuant to Section 6.1(a) of the BCA, effective as of the execution of this Agreement by the undersigned, the BCA is hereby terminated; and (b) Section 6.2 of the BCA shall govern the effect of the termination of the BCA.
APPLIED MATERIALS, INC., | ||
a Delaware corporation | ||
By: | /s/ Gary E. Dickerson | |
Name: Gary E. Dickerson | ||
Title: President and Chief Executive Officer | ||
TOKYO ELECTRON LIMITED, a Japanese corporation (kabushiki kaisha) | ||
By: | /s/ Tetsuro Higashi | |
Name: Tetsuro Higashi | ||
Title: Representative Director, Chairman, | ||
President, Chief Executive Officer | ||
ETERIS B.V., a Netherlands private limited liability corporation (besloten vennootschap) | ||
By: | /s/ Tetsuro Higashi | |
Name: Tetsuro Higashi | ||
Title: Managing Director |