EXHIBIT 10.88
FIRST AMENDMENT TO
PURCHASE AGREEMENT
BETWEEN
MATSUSHITA KOTOBUKI ELECTRONICS INDUSTRIES, LTD.
AND
MAXTOR CORPORATION
DATED APRIL 2, 2001
This First Amendment ("Amendment") to Purchase Agreement between Matsushita
Kotobuki Electronics Industries, Ltd. ("MKE") and Maxtor Corporation ("Maxtor")
dated April 2, 2001 ("Purchase Agreement") is entered into by and between MKE
and Maxtor.
WHEREAS, the Purchase Agreement between MKE and Maxtor is due to terminate on
November 2, 2001 unless otherwise renewed by the parties.
WHEREAS, MKE and Maxtor are desirous of continuing their business relationship
contemplated in the Purchase Agreement.
NOW, THEREFORE, the parties hereto agree as follows:
1. The term of the Purchase Agreement shall be extended such that the Purchase
Agreement will terminate, unless otherwise renewed by the parties, on
November 2, 2002, and the parties will continue their good faith discussions
regarding manufacturing activities by MKE for Maxtor under the Purchase
Agreement through that date.
2. All the terms of the Purchase Agreement shall continue to apply to the
transactions between MKE and Maxtor except for those terms which are amended
by this Amendment.
3. This Amendment shall be effective as of November 2, 2001 retroactively.
MATSUSHITA KOTOBUKI ELECTRONICS MAXTOR CORPORATION
INDUSTRIES, LTD.
By: /s/ XXXXX XXXXXXXX By: /s/ XXXX XXXXXX
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Xxxxx Xxxxxxxx Xxxx Xxxxxx
Title: Senior Managing Director Title: Chief Operating Officer and
Chief Financial Officer
Date: March 8, 2002 Date: March 15, 2002
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