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EXHIBIT 10.9
[TESSERA LOGO] Tessera Confidential
BUSINESS AND ASSET SALE AND PURCHASE AGREEMENT
This Business and Asset Sale and Purchase Agreement (the "Purchase and Sale
Agreement") is entered into as of June 19, 2000 (the "Effective Date"), between
Tessera Technology Pte. Ltd. ("TTPL"), a company incorporated under the laws of
Singapore, having a principal place of business at Block 1026 Xxx Xxxx Avenue
#07-3534, Xxx Xxxx Xxxxxxxxxx Xxxxxx, Xxxxxxxxx, 000000, and EEMS Singapore Pte.
Ltd. ("ESPL"), a company incorporated under the laws of Singapore having a
principal place at business of Block 1026 Xxx Xxxx Avenue #07-3534, Xxx Xxxx
Xxxxxxxxxx Xxxxxx, Xxxxxxxxx 000000.
WHEREAS, TTPL owns certain assets and, using such assets, conducts the business
of manufacturing semiconductor packages in Singapore;
WHEREAS, ESPL is a newly formed company that intends to conduct the business of
manufacturing semiconductor packages in Singapore; and
WHEREAS, the parties desire to enter into an agreement for the sale of TTPL's
assets to ESPL, the transfer of TTPL's employees to ESPL, and the assumption by
ESPL of certain TTPL contracts to enable ESPL to carry on TTPL's business as a
going concern at the TTPL address described above.
1. DEFINITIONS
1.1 "Assumed Contracts" shall have the meaning set forth in Section
3.2.
1.2 "Closing" shall have the meaning set forth in Section 4.1.
1.3 "Closing Date" shall have the meaning set forth in Section 4.1.
1.4 "Letter of Appointment" shall have the meaning set forth in
Section 4.2 (a).
1.5 "Asset Purchase Price" shall have the meaning set forth in Section
3.1.
1.6 "TTPL Assets" shall have the meaning set forth in Section 2.1.
1.7 "TTPL Business" shall have the meaning set forth in Section 2.1.
1.8 "TTPL Employees" shall have the meaning set forth in Section
4.2(a).
1.9 "TTPL Consigned Equipment" shall have the meaning set forth in
Section 6.7.
1.10 "TTPL Customer-Specific Inventory" shall have the meaning set
forth in Section 6.2.
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2. TRANSFER OF ASSETS
2.1 Assets to be Purchased at the Closing. TTPL shall sell, transfer,
convey, assign and deliver as beneficial owner, and ESPL shall purchase, as a
going concern the business of manufacturing semiconductor packages (the "TTTL
Business") as carried on by TTPL on the Closing Date together with certain of
the assets used in or relating to such business as more particularly described
below (collectively, the "TTPL Assets"), free from all encumbrances.
(a) TTPL's right, title and interests to all machinery, equipment,
tooling, computer hardware, software and other equipment and all furnishing,
furniture, office supplies, leasehold improvements, fixtures (to the extent
possible) and other tangible personal property of TTPL that is specifically
listed in Schedule 2.1 (a) hereto;
(b) Inventory, prepaid expenses, deposits and advances with
respect to goods, services and the like as specifically listed on Schedule 2.1
(b) and related to the Assumed Contracts; and
(c) Copies of all records and technical documentation related to
the TTPL Assets and used by TTPL in the conduct of the business related to the
TTPL Assets.
3. CONSIDERATION. In consideration for the transfer of the TTPL Business and
TTPL Assets from TTPL to ESPL, ESPL agrees to make the following payments and
assume the following liabilities:
3.1 Purchase Price. The aggregate purchase price (the "Purchase Price")
to be paid by ESPL to 717PL hereunder shall be [*] U.S. DOLLARS [*] (USD [*]).
ESPL shall make arrangements for its parent company, EEMS Italia, SpA ("EEMS"),
to pay the Purchase Price to the parent company of TTPL, Tessera, Inc.
("Tessera"), and TTPL agrees to accept such a payment as full payment hereunder.
The Asset Purchase Price shall be made by wire transfer on the Closing Date to
Union Bank of California, 00 Xxxxxxx Xxxx., Xxx Xxxx, XX 00000, Account Name:
Tessera, Account No.: 6450148359, Routing No. 000000000, International Swift
Code: XXXXXX00XXX, or such other bank or account as TTPL may designate.
3.2 Assumed Liabilities. On the Closing Date, ESPL shall assume and agree
thereafter to pay, perform and discharge the TTPL obligations under the TTPL
purchase orders, and contracts that are listed on Schedule 3.3 (collectively,
the "Assumed Contracts"). Nothing in this Purchase and Sale Agreement shall
operate to transfer from TTPL, nor to impose any obligation or liability on ESPL
in respect of, any liabilities of TTPL or any other assets of TTPL except as
specifically provided in this Agreement. Therefore, except as otherwise limited
herein, TTPL irrevocably undertakes to compensate ESPL for losses, damages, and
liabilities, including advisers' and legal fees and costs, that ESPL reasonably
incurs and that arise solely from any claim against, or liabilities or
obligations of, TTPL or the TTPL Business, as conducted prior to the Closing,
and not specifically assumed by ESPL. Each party shall be responsible for a pro
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separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
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rated share of any tax assessment based upon its respective period of ownership
of the TTPL Assets.
4. CLOSING
4.1 Closing Date. The closing of the transaction contemplated by this
Purchase and Sale Agreement (the "Closing") shall occur at the offices of EEMS
on June 19, 2000, or as soon as practicable after the satisfaction or waiver of
each of the conditions set forth in this Section 4 or at such other time and
place as the parties hereto agree (the "Closing Date").
4.2 Conditions to Obligations of the Parties. The obligations of the
parties to close hereunder are subject to the following conditions:
(a) ESPL shall have made offers of employment to all employees of
TTPL as of Closing, as listed in Schedule 4.2 (the "TTPL Employees"), on
substantially the same terms under which they are employed by TTPL, including
salary and benefits, and each such offer shall be in one of the two appropriate
form attached hereto as Exhibit A (the "Letter of Appointment");
(b) All necessary third party consents shall have been requested
by TTPL to transfer and assign the Assumed Contracts to ESPL
(c) SPL shall have completed registration for Goods and Services
Tax ("GST") in Singapore;
(d) ESPL shall have secured a facility lease for operation of the
TTPL Business; and
(e) Each party shall have completed all corporate and other
proceedings required to be taken to authorize the execution, delivery and
performance of this Purchase and Sale Agreement.
5. TTPL WARRANTY
TTPL warrants that it has good and marketable title to all the TTPL Assets. None
of the TTPL Assets is the subject of any assignment, mortgage, charge, pledge,
retention of title, lien, easements, guarantees, promises, security interest or
other encumbrances or of any factoring arrangements, hire purchase or credit
sale agreement or any agreement or arrangement whereby the title of goods or any
rights in the proceeds of sale of goods is or may be reserved to the seller of
the goods or to any third party or to any encumbrance whatsoever except liens
arising from the normal course of trading. At Closing, all of the TTPL Assets
are in use and in a good working condition, barring the effect of normal wear
and tear, and have been correctly cared for so as to maintain them in use. At
Closing, none of the TTPL Assets are unusable or have defects which would
prevent or could prevent use thereof for its intended purpose, barring normal
wear and tear. EXCEPT FOR THIS WARRANTY, ML DISCLAIMS ANY AND ALL EXPRESS
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OR IMPLIED WARRANTIES, INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE, AND NONINFRINGEMENT.
6. ADDITIONAL AGREEMENTS
6.1 Transfer Taxes. The consideration recited in Section 3 shall
not be inclusive of Goods and Services Tax ("GST") in Singapore. The parties
believe no GST is chargeable in respect of the consideration by virtue of the
Goods and Services Tax (Excluded Transactions) Order. If TTPL is required to
collect and pay GST, SPL shall take necessary actions and file all documents
necessary to obtain a refund of such GST and promptly pay such refunds to TTPL.
If GST is not refunded, ESPL agrees to reimburse TTPL for one-half of the GST
paid by TTPL. The parties agree to share equally the cost of any other tax
levied directly on the transaction herein.
6.2 Consignment of Customer-Specific Inventory. TTPL agrees to
consign to ESPL certain inventory that is unique to existing TTPL customers,
consisting primarily of TTPL raw material, as fully described in Schedule 6.2
(the "TTPL Customer-Specific Inventory"). ESPL shall use its best efforts to use
the TTPL Inventory, but when it does so, ESPL shall submit quarterly written
reports to TTPL of such use and TTPL will invoice ESPL for such TTPL
Customer-Specific Inventory at TTPL's purchase price. ESPL will pay such TTPL
invoices within thirty (30) days of their receipt. If the TTPL Customer-Specific
Inventory is not depleted within one (1) year after Closing, ESPL may return the
TTPL Customer-Specific Inventory to TTPL at TTPL expense.
6.3 Continuation of Employment. (a) As of the Closing, each TTPL
Employee who falls within the scope of the Employment Act (Cap. 91) (the
"Employment Act") and who has neither tendered nor received notice of
termination of his employment with TTPL as of such date, is transferred to the
employ of ESPL pursuant to Section 18A of the Employment Act.
(b) Subject to paragraph (a) above, each TTPL Employee who does
not fall within the scope of the Employment Act and who has neither tendered nor
received notice of termination of his employment with TTPL as of Closing
(excluding any notice of termination which is coupled with a re-offer of
employment), shall be transferred on terms and conditions similar to such
employees' terms and conditions of employment provided by TTPL as of the Closing
Date.
6.4 Employee Bonuses. To the extent provided for in each Letter
of Appointment, TTPL agrees to reimburse ESPL for retention payments made to
TTPL Employees who remain in the employment of ESPL 90 and 270 days after
Closing, where such retention payments shall be equal to [*], at the rate
effective [*]. Further and to the extent provided for in each Letter of
Appointment, TTPL agrees to reimburse ESPL for a portion of 13th month bonuses
to be paid by ESPL to TTPL Employees who remain in the employment of ESPL at the
end of calendar year 2000, such portion to be prorated by reference to the
number of days in 2000 during which such TTPL Employees were employed by TTPL.
TTPL will make
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been requested with respect to the omitted portions.
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such bonus reimbursements to ESPL within 30 days of delivery to TTPL, or its
agent, of written documents evidencing the payments of such bonuses by ESPL.
6.5 Employee Work Permits. TTPL will assist ESPL in its
application for new work permits or employment passes (as the case may be) for
the TTPL Employees; provided, however, that ESPL shall bear any fees and
expenses, including professional fees and government fees and charges and any
out-of-pocket expenses arising out of or in connection with such applications.
6.6 Maintenance/Dissolution of TTPL. During the period that
Tessera supplies consulting services of Xx. Xxxxx at ESPL and at no cost to
TTPL, ESPL will provide a reasonable amount of continuing supervision of
accounting and related activities to assist in the maintenance and/or
dissolution of TTPL. TTPL will pay for any outside legal, audit and other fees
to service providers either directly or as reimbursement to ESPL.
6.7 Option to Purchase Additional Equipment. TTPL agrees to
consign the equipment ("TTPL Consigned Equipment") identified below to ESPL for
a period of twenty (20) calendar days after Closing ("Evaluation Period") to
enable ESPL to evaluate whether or not ESPL desires to purchase the TTPL
Consigned Equipment from TTPL for use in its continuation of the TTPL Business.
If ESPL desires to purchase the TTPL Consigned Equipment during the Evaluation
Period, ESPL shall deliver a written exercise notice to TTPL of its decision to
purchase the TTPL Consigned Equipment and shall contemporaneously arrange for
EEMS to wire transfer US funds in the amount of the price stated below (the
"Exercise Price") to the account described in Section 3.1. If ESPL elects not to
exercise this option during the Evaluation Period, ESPL will ship the TTPL
Consigned Equipment to a destination as directed by TTPL, with the cost and risk
of transportation to be the responsibility of TTPL.
TTPL Consigned Equipment: Festec Automatic Ball Mounter for BGA,
Model KDB-4000
Exercise Price: USD $[*]
6.8 Subletting Condition. If, after using its best efforts, ESPL
does not receive the consent from the Jurong Town Corporation ("JTC") to
sublease the premises on which TTPL currently conducts the TTPL Business within
thirty (30) days after the Closing Date, the parties agree to discuss terms
under which ESPL may relocate its operation of the TTPL Business. If, at the end
of sixty (60) days after the Closing Date, neither JTC consents to the
subletting by ESPL nor the parties agree on the terms for the relocation by
ESPL, this Purchase and Sale Agreement shall be rescinded and considered null
and void. Within fifteen (15) days of such event, TTPL will refund the Purchase
Price and the Exercise Price, if paid, and ESPL will return all TTPL Assets,
Consigned Equipment, and TTPL Customer-Specific Inventory. Further, ESPL will be
responsible for costs it incurs in operation of the TTPL Business after the
Closing Date. Immediately upon JTC consenting to the ESPL subletting or the
parties agreeing to a relocation of ESPL, the condition stated in this Section
shall be deemed to have been satisfied and the parties shall promptly execute a
written acknowledgement thereof.
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* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
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7. MISCELLANEOUS.
7.1 Absence of Third Party Beneficiary Rights. No provisions of this
Purchase and Sale Agreement are intended, or will be interpreted, to provide or
create any third party beneficiary rights or any other rights of any kind in
any person or entity unless specifically provided otherwise herein.
7.2 Waiver. A delay or failure of a party to enforce at any time the
provisions of this Purchase and Sale Agreement shall in no way be construed to
be a present or future waiver of such provisions, and shall not in any way
affect the right of any party to enforce each and every such provision
thereafter. Any waiver, express or implied, by a party hereto of any right
hereunder or default by another party, shall not constitute or be deemed a
continuing waiver or a waiver of any other right or default.
7.3 Notices. All notices, required documentation, and correspondence in
connection herewith shall be in the English language, shall be provided in
writing and shall be given by facsimile transmission or by registered or
certified letter to TTPL and ESPL at the addresses and facsimile numbers set
forth below:
TTPL: Tessera Technology Pte. Ltd.
0000 Xxxxxxx Xx.
Xxx Xxxx, Xxxxxxxxxx 00000
Facsimile No.: 000-000-0000
Attn.: Chairman
ESPL: EEMS Singapore Pte. Ltd.
Block 1026 Xxx Xxxx Avenue #07-3534
Xxx Xxxx Industrial Estate, Singapore
Facsimile No.: 000-000-0000
Attn.: Managing Director
Either party may change its address and/or facsimile number by giving the other
party notice of such new address and/or facsimile number. All notices if given
or made by registered or certified letter shall be deemed to have been received
on the earlier of the date actually received and the date three days after the
same was posted and if given or made by facsimile transmission shall be deemed
to have been received at the time of dispatch, unless such date of receipt is
not a business day, in which case the date of deemed receipt shall be the next
succeeding business day.
7.4 Equitable Relief: The parties acknowledge that the remedy at law for
any breach, or threatened breach, of their respective covenants to consummate
the transactions contemplated hereby will be inadequate and, each covenants and
agrees that, with respect to any such breach or threatened breach, the other
parties will, in addition to any other rights or remedies that they may have and
regardless of whether such other rights or remedies have been previously
exercised, be entitled to such equitable and injunctive relief as may be
available.
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7.5 Invalidity. If any provision of this Purchase and Sale Agreement is
declared invalid or unenforceable by a court having competent jurisdiction, it
is mutually agreed that this Purchase and Sale Agreement shall endure except for
the part declared invalid or unenforceable by order of such court. The parties
shall consult and use their reasonable efforts to agree upon a valid and
enforceable provision that shall be a reasonable substitute for such invalid or
unenforceable provision in light of the intent of this Purchase and Sale
Agreement.
7.6 Force Majeure. None of the parties shall be liable for any failure to
perform or for any delay in performance of any obligation under this Purchase
and Sale Agreement caused by circumstances beyond their reasonable control
including, but not limited to, fire, storm, flood, earthquake, explosion, war,
labor disputes, acts of God, acts of any national, state, or local government
authority, and judicial action, provided that the delayed party: (i) gives the
other parties written notice of such cause promptly, and in any event within
fifteen (15) days of discovery thereof; and (ii) uses its reasonable efforts to
correct such failure or delay of its performance.
7.7 Assignment. None of parties may assign this Purchase and Sale
Agreement or any of their rights or obligations hereunder without the prior
written consent of the other parties except upon merger, acquisition,
consolidation or purchase of all, or substantially all, of the assigning party's
assets; any such agreed upon assignment shall be binding upon and inure to the
benefit of the successors of the parties hereto.
7.8 No Agency. Nothing contained herein shall be deemed to create any
association, partnership, joint venture, or relationship of principal or agent
or master or servant between the parties hereto or any affiliates or
subsidiaries thereof, or to provide any party with the right, power or authority
to incur any obligation or make any representations, warranties or guarantees on
behalf of any other party.
7.9 Export Regulations. All parties shall comply with the laws and
regulations of the government of the United States and of any other country as
relevant to each party hereto relating to the export of commodities and
technical data.
7.10 Section Headings. The headings and captions used herein shall not be
used to interpret or construe this Purchase and Sale Agreement.
7.11 Counterparts. This Purchase and Sale Agreement may be executed in
two (2) or more counterparts, all of which, taken together, shall be regarded as
one and the same instrument.
7.12 Limitation of Liability. In no event shall any party be liable to
another party for special, incidental, or consequential damages (including any
damages resulting from loss of use, loss of profits or loss of business) arising
out of or in connection with the performance by a party of any of its
obligations hereunder, even if such party is informed of the possibility of such
damages.
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7.13 Further Assurances. At any time or from time to time on and after
the date of this Purchase and Sale Agreement, each party shall, at the request
of the other party (i) deliver to the requesting party such records, data or
other documents consistent with the provisions of this Purchase and Sale
Agreement, (ii) execute and deliver, or cause to be executed and delivered, all
such assignments, consents, documents or further instruments of transfer or
license, and (iii) take or cause to be taken all such other actions, as the
requesting party may reasonably deem necessary or desirable in order for the
requesting party to obtain the full benefits of this Purchase and Sale Agreement
and the transactions contemplated hereby.
7.14 Governing Law. This Purchase and Sale Agreement shall be governed,
interpreted and construed in accordance with the laws of Singapore. Both parties
shall use reasonable efforts to resolve by mutual agreement any disputes,
controversies, claims or difference which may arise from, under, out of or in
connection with this Purchase and Sale Agreement.
7.15 Entire Understanding. This Purchase and Sale Agreement embodies the
entire understanding between the parties relating to the subject matter hereof,
whether written or oral, and supersedes any course of dealing and usage of
trade. There are no prior representations, warranties or agreements between the
parties not contained in this Purchase and Sale Agreement. Any amendment or
modification of any provision of this Purchase and Sale Agreement must be in
writing, dated and signed by both parties hereto.
IN WITNESS WHEREOF, the parties hereto have executed and delivered this Purchase
and Sale Agreement as of the date first above written.
Agreed and Accepted
TESSERA TECHNOLOGY PTE. LTD. EEMS SINGAPORE PTE. LTD.
By: /s/ XXXXX XXXXXXXXXX By: /s/ ENZO D'ANTONIO
------------------------------ -------------------------------------
Print Name: Xxxxx XxXxxxxxxx Print Name: Enzo D'Antonio
Title: CEO Title: Director
Date: June 19, 2000 Date: June 19, 2000
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TESSERA TECHNOLOGY PTE LTD
SINGAPORE
SCHEDULE 2.1 (a)
LIST OF FIXED ASSETS AS AT 30 JUNE 2000
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TESSERA TECHNOLOGY PTE LTD, SINGAPORE
ITEM NOS: CONTENTS PAGE NOS:
--------- -------- ---------
1 Summary of the Fixed Assets and Price in US$ 3
2 Plant and Equipment - By asset no, description, and 4 to 7
price in US$
3 Building and Facility - Factory - By asset no, description, and 8
price in US$
4 Building and Facility - Office - By asset no, description, and 9
price in US$
5 Office Equipment - By asset no, description, and 10 to 11
price in US$
6 Furniture and Fittings - By asset no, description, and 12
price in US$
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TESSERA TECHNOLOGY PTE LTD, SINGAPORE
SCHEDULE 2.1(a)-FIXED ASSET LIST
Price
US$
------------
Plant & Equipment [*]
Building & Facility - Factory [*]
Building & Facility - Office [*]
Office Equipment [*]
Furniture & Fittings [*]
------------
============
[*]
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
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TESSERA TECHNOLOGY PTE LTD, SINGAPORE
FIXED ASSETS SCHEDULE AS AT 30 JUNE 2000
PLANT & EQUIPMENT
ITEM ASSET SUPPLIER/VENDOR'S DESCRIPTION OF THE ASSET PRICE
NO. NO. NAME US$
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1 131a Terra Universal Series 100 SS Desicator box [*]
2 131b Terra Universal Series 100 SS Desicator box [*]
3 131 Terra Universal Desicator dual purge system [*]
4 171 Disco Hi-Tec Wafer Mounting station With CO2 bubbler [*]
5 138 Disco Hi-Tec Disco Fully Automatic Dicing Saw Model DFD ?? [*]
6 138a APP Systems HX 300 Chiller With Tu-5 Pump, & Heat Exchan?? [*]
7 138b APP Systems Sediment Tank, installation W/all labor and plu??? [*]
8 172 Cintech Shelllab Multi-Purpose oven 1370FX [*]
9 98 Cintech Shelllab Multi-Purpose oven 1370FX [*]
10 97 Cintech Shelllab Multi-Purpose oven 1670 [*]
11 214 Terra Universal Desicator dual purge system [*]
12 214a Terra Universal Series 100 SS Desicator box [*]
13 214b Terra Universal Series 100 SS Desicator box [*]
14 173 DCI DCI Pick & Place (From Wafer to Waffel Pac) [*]
15 87 Viking System Wafer Demounter [*]
16 174 Shinkawa Shinkawa Die Bonder, CSD-1-B1, AMD #1 [*]
17 174a Shinkawa Modification Kit for Shinkawa die bonder (Instal?? [*]
18 174b Shinkawa Conversion Kit for FF-0105 Wafer Ring (Installe?? [*]
19 174c Shinkawa PRS Reject detection system (Installed) [*]
20 174d Shinkawa Modification Kit for Shinkawa die bonder (Instal?? [*]
21 174e Shinkawa Spare Parts Kit for Shinkawa Die Bonder [*]
22 175 Shinkawa Shinkawa Die Bonder, CSD-1-B2, W/waffel pac?? [*]
23 176 Shinkawa Shinkawa CSD-1-B2 Die Bonder #3 [*]
24 177 Itochu Fully automatic Mag to Mag inspection station I??? [*]
25 177a QES Olympus Microscope SZ4045 Stero Zoom [*]
26 177b RVSI 2300 Analog board I/O for Vision Scape Develop?? [*]
27 177b RVSI CCD Camera, 25' camera cable, Vision Scape D?? [*]
28 177b RVSI Doal 75 Led Illuminator with diffuser [*]
29 144 Itochu Fully automatic Mag to Mag inspection station I?? [*]
30 144a Scientific Instruments Olympus Microscope SZ4045 Stero Zoom [*]
31 144b RVSI CCD Camera, 25' camera cable, Vision Scape D?? [*]
32 144c Scientific Instruments Doal 75 Led Illuminator with diffuser [*]
33 215a Terra Universal Series 100 SS Desicator box [*]
34 215b Terra Universal Series 100 SS Desicator box [*]
35 215 Terra Universal Desicator dual purge system [*]
36 110 MRSI MRSI 505 CSP Ultra Precision Die bonder [*]
37 110a/b MRSI Spare Parts for 505 CSP Die Bonder [*]
38 110a/b MRSI Spare Parts for 505 CSP Die Bonder [*]
39 152 Taltec CTA-380S Coverlay assembler (Semiautomatic) [*]
40 43 Scientific Instruments Tool Makers Microscope W/Camera Adaptor & ?? [*]
41 43 Scientific Instruments Tool Makers Microscope W/Camera Adaptor & ?? [*]
42 43a Scientific Instruments Olympus Hi-Power Microscope w/Camera Adap?? [*]
43 43b Scientific Instruments Olympus Low Power Microscope (W/B inspect) [*]
44 59 Scientific Instruments Olympus Hi-Power Microscope w/Camera Adap?? [*]
45 89 S&T Interprises March PX-1000 Plasma Cleaner [*]
46 180 Kulicke & Xxxxx 1488 Plus Automatic Wire Bonder [*]
47 181 Kulicke & Xxxxx 1488 Plus Automatic Wire Bonder [*]
48 182 Kulicke & Xxxxx 1488 Plus Automatic Wire Bonder [*]
49 23 Kulicke & Xxxxx 1488 Plus Automatic Wire Bonder [*]
50 132 Kulicke & Xxxxx 1488 Plus Automatic Wire Bonder (Transferred ??? [*]
51 132a Kulicke & Xxxxx Crating fee for 1488 Wire bonder [*]
52 10 Xxxxx Xxxx Pull tester/Ball Shear tester/Stud Pull Tes?? [*]
53 10a Gramite Spim Granite Surface Plate With Stand (Table fo?? [*]
54 178 Itochu Fully automatic Mag to Mag inspection station I?? [*]
55 178a QES Olympus Microscope SZ4045 Stero Zoom [*]
56 178b RVSI 2300 Analog board I/O for Vision Scape Develop?? [*]
57 178b RVSI CCD Camera, 25' camera cable, Vision Scape D?? [*]
58 178b RVSI Doal 75 Led Illuminator with diffuser [*]
59 183 Taltec Taltec - Uflex - AUTO COVERLAY, Mag to Ma?? [*]
60 8 Lyon USA Chemical Safety Storage Locker, 1 each of 45 ga?? [*]
61 8 Lyon USA Chemical Safety Storage Locker, 1 each of 45 ga?? [*]
62 201 Xxxxxxx Xxxxxx Xxxxxxx Xxxxxx Purification Package, CDA Pur. [*]
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
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63 149 Camalot (Speedline) 3900 Vacuum encapsulation Dispens?? [*]
64 149a Xxxx Xxx Electrical 15 Koa Auto Transformer 230/298 volts [*]
65 16 Camalot Dispensing Pump [*]
66 16a Cybermatic Vacuum Xxxxx X/convertible Vacuum plate arr?? [*]
67 16 Camalot 1818 dispensing system (FDDA) [*]
68 185 Camalot (Speedline) 3900 Vacuum encapsulation Dispens?? [*]
69 185a Speedline Pump Motor Assembly, Repair parts [*]
70 205 Camalot (Speedline) 3950 Injection Encapsulation Station [*]
71 205 Camalot (Speedline) 3950 Injection Encapsulation Station [*]
72 205 Camalot [*]
73 205 Camalot [*]
74 205 Camalot Magazine loader/unloader, Upper mold plate, M?? [*]
75 205 Xx Xxxx Electrical installation for 3950 [*]
76 205 Camalot upper Mold Plate [*]
77 205 Camalot upper Mold Plate [*]
78 227 Scientific Instruments Olympus Low Power Microscope W/Stand [*]
79 226 Scientific Instruments Olympus Low Power Microscope W/Stand [*]
80 60 Terra Universal Multifunction Electronic Balance [*]
81 17 Vacuum Atmospheres AC-15A Antichamber, Vacuum chamber, W/V?? [*]
82 17a Terra Universal Vacuum Control Module [*]
83 142 Xxxxxx General Scien. Xxxxxx General Scientific, Auto Pressure release (?? [*]
84 184 Chintec Shelllab Multi-Purpose oven 1370FX [*]
85 186 Trio-Tech Autoclave model Pt1000s W/Spare parts Packag?? [*]
86 216b Terra Universal Series 100 SS Desicator box [*]
87 216 Terra Universal Desicator dual purge system [*]
88 216c Terra Universal Series 100 SS Desicator box [*]
89 216a Terra Universal Desicator dual purge system [*]
90 94 Dou Xxx Pass Through Box between 10 K and 100 K area ?? [*]
91 200 Xxxxxxxx Xxxxxx Xxxxxxxx Xxxxxx Purification Package, CDA Pur?? [*]
92 6 Vestfrost Vestfrost Deep Freezer (model SEL 327) [*]
93 7 Ace Hot Plates, 2 EA. 10 X 10" [*]
94 93 Dou Xxx Fume Hood With Table (DYE-27-FEC1206) [*]
95 88 Netzsch Three Roller Grinding Mill (For mixing of Liqui?? [*]
96 217b Terra Universal Series 100 SS Desicator box [*]
97 217 Terra Universal Desicator dual purge system [*]
98 217c Terra Universal Series 100 SS Desicator box [*]
99 217a Terra Universal Desicator dual purge system [*]
100 19 Quad System VMP-20B Screen Printer, (used for Flux printing ?? [*]
101 19a Quad System Xxxxxx Frame for VMP-20B printer (Used to Ali?? [*]
102 20 MPM TF-100 Screen Printer (Used for Ball Placement, ?? [*]
103 21 Exetron Model 11000. 480. Open/Short Tester [*]
104 229 QES Olympus Low Power Microscope W/Stand [*]
105 228 QES Olympus Low Power Microscope W/Stand - (2 ?? [*]
106 18 Sikama UP/2000 Reflow Soldering System [*]
107 18a Cybermatic Auto magazine load and unloader (Addition to Si?? [*]
108 18b Cybermatic Add Magazine invertor to Sikama Load/unloader [*]
109 13 Austin America MC2200, Mega II cleaner [*]
110 13a Defcon Marketing Add Additional Water heater to Mega II Cleaner [*]
111 146 E.O. Technics Laser Marking System (Green Lasor) W/isolatio?? [*]
112 146 E.O. Technics Laser Marking System (Green Lasor) W/isolatio?? [*]
113 146 E.O. Technics Laser Marking System (Green Lasor) W/isolatio?? [*]
114 146a E.O. Technics SLD200G Diode Module for Laser Marker (Syst?? [*]
115 189 Cybermatic Autosingulation station with Mag onload and Je?? [*]
116 189a Upgrade of Autosingulation station, [*]
117 189a Cybermatic P276 Singulation Die [*]
118 189a Cybermatic Design & Fabrication [*]
119 189c Cybermatic Dual Punching Press (Manual Singulation Station ?? [*]
120 189d Cybermatic P276 Singulation Die [*]
121 189e Cybermatic P276 Singulation Die [*]
122 191 Cybermatic Dual Punching Press (Manual Singulation Station ?? [*]
123 191a Cybermatic P261 Singulation Die (With, Modification to Cu?? [*]
124 191a Cybermatic P261 Singulation Die (With, Modification to Cu?? [*]
125 000 Xxxxxx Fully Automatic Tray to Tray Visual Inspection [*]
126 190a QES Olympus Microscope SZ4045 Stero Zoom [*]
127 190b Itochu Upgrading of Tray to Tray Visual Inspection stat?? [*]
128 190c RVSI 2300 Analog board I/O for Vision Scape Develop?? [*]
129 190c RVSI 2 ea. CCD Camera, 2 ea. 25' camera cable, Visio?? [*]
130 190d Intelliview Ring Light BGA 5.5 Strobe W/control Module & ?? [*]
131 190e RVSI 1 ea. Oblique Strobe illuminator, [*]
132 190f Itochu Is3000 Conversion Kit [*]
133 208 Cybermatic Semi Auto Adhesive Cut and Place on Carrier Fr?? [*]
134 218b Terra Universal Series 100 SS Desicator box [*]
135 218a Terra Universal Desicator dual purge system [*]
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
5
14
136 218c Terra Universal Series 100 SS Desicator box [*]
137 232 Dou Xxx Desicator Box, 6 sections W/ Dual purge system [*]
138 232 Dou Xxx Desicator Box, 6 sections W/ Dual purge system [*]
139 9 Lyon USA Chemical Safety Storage Locker [*]
140 193 Yutaka Vacuum Packing Machine (Vacuum Seal for ship??? [*]
141 14 RVSI Acuity-Power Vision development station [*]
142 14a Plant & Mill Customised X, Y table W/Hathaway DC brushle?? [*]
143 14b Plant & Mill Delta-Tau PMAC-Pack Motor Controller [*]
144 14c Cybermatic Fixturing for Custom X, Y table / Demo station [*]
145 230 QES Olympus Microscope SZ4045 Stero Zoom / Mou??? [*]
000 000 Xxxxxxxxx Xxxxxxx Xxxx Xxxxx Polisher [*]
147 45 Dou Xxx Xxxxx Enclosure W/ Built in Xxxxx Hanger [*]
148 93 Terra Universal ECM-HEFV 3 Module Hood (42x30x28) Static [*]
149* 203 MPM UP-2000 Screen Printer [*]
150* 203a Speedline UP-2000 Options, Vision, Dual tilt top Squeege ?? [*]
151* 203b Venture Engineering Cure oven and transport units [*]
152* 203c Venture Engineering Z tower work holder, NRE [*]
153* 203d Venture Engineering Replace Linkage, (Machine mod to improve pref?? [*]
154* 203e Venture Engineering Frame Modules Development [*]
155* 203f Venture Engineering Frame Transport Unit [*]
156* 203G Venture Engineering Venture Engineering to Singapore [*]
157* 203h Venture Engineering Power supply conversion NRE [*]
158* 204 MPM MPM-SP200 Screen Printer W/ Vision [*]
159* 127 Cybermatic Assembly fixturing for Circuit Tape to Carrier Fra?? [*]
160 231 QES Olympus Microscope SZ4045 Stero Zoom With ? [*]
161 231 QES Olympus Microscope SZ4045 Stero Zoom With ? [*]
162 199 Wahana Vestfrost Deep Freezer (model SEL 327) [*]
163 41 Goh Ah Bee Fridge, National NRB17T/H [*]
164 207 SMC Spneumatics Booster Regulator [*]
165 213 Kobelco Kobelco Oil Free Screw Type Air Compressor V ?? [*]
166 213a/b Xxxxxxxx Xxxxxx Water separator & Air dryer for Screw Compress?? [*]
167 213a/b Xxxxxxxx Xxxxxx Water seperator & Air dryer for Screw Compress?? [*]
168 213c Xx Xxxx Electrical installation for Kobelco [*]
169 209 Appak Rotormill's 5300 [*]
170 210 Appak Rotomill S300 Vacuum Pump (House Vacuum) [*]
171 219 Xxxxxxxxx Xxxx Air Compressor Bare, Oilless, #1 [*]
172 220 Xxxxxxxxx Xxxx Air Compressor Bare, Oilless, #2 [*]
173 221 Xxxxxxxxx Xxxx Air Compressor Bare, Oilless, #3 [*]
174 222 Xxxxxxxxx Xxxx Air Compressor Bare, Oilless, #4 [*]
175 223 Million Agencies Chiller, UK digital Thermal Anemometer C/W F [*]
176 236 Camalot 1818 Dispensing station W/ Pump (At Cybermati?? [*]
177 [*]
178 75 Dou Xxx Desicator Stands, 6 ea. (3 in 1K, 1 in 10K & 2 in ?? [*]
179 142 Xxxxxx General Scien. Automatic Pressure Release (Not in use) [*]
180 115 Dou Xxx Air Shower Interlocks, Parts and Labor [*]
181 61 Mechanize Hand Held Particle Counter [*]
182 136 LPS Instruments Chart Recorder, 3 Pen model XX-000 XXX 00 to ?? [*]
183 59 Yokogawa DL 1540 Digital Osciloscope, (Portable Storage ?? [*]
------------
A SUB-TOTAL CAPITAL NET BOOK VALUE [*]
MISCELLANEOUS BIT'S AND PIECES
184 Cybermatic Singulation Die, P230 (obsolete) [*]
185 Cintech Isolation transformer, Install UV Xxxxxxx on flore [*]
186 75 Cintech Stainless Steel shelves [*]
187 161 Dou Xxx Computer Table w/Drawer [*]
188 Terra Universal Heavy Duty Vacuum Sealer [*]
189 128 Surface Mount Tech. One set Go/ no Go Solder ball size tester gage [*]
190 106 Connex Pte Ltd AIKO 6 compartment locker [*]
191 107 Xxxxx Mkt. Service AMLAHO Electronic Fully auto time clock Mod [*]
192 124 Dou Xxx Stainless Steel Shelves for Desicator boxes [*]
193 82 Dou Xxx Stainless Steel Bench [*]
194 145 Pro-Stamping Carrier Frame Punch, [*]
195 177 Cybermatic Pedestal for Camera and Illuminator with fine Z-?? [*]
196 58, 58a & 58b Cybermatic 16 Single Tier tables, 3 double tier tables, Paint, ? [*]
197 58, 58a & 58b Cybermatic [*]
198 58, 58a & 58b Cybermatic [*]
199 58, 58a & 58b Cybermatic [*]
200 55 Cybermatic Cleanroom Chairs, 20 ea. [*]
201 129/129a Dou Xxx Hand held particle counter & Printer Model: DPU ?? [*]
202 129/129a Dou Xxx Hand held particle counter & Printer Model: DPU ?? [*]
203 76 Kulicke & Xxxxx Torque Driver, 2 ea. [*]
204* Cybermatic Circuit Tape to Carrier frame alignment and xxxx?? [*]
205 15a Dou Xxx Steel Shelf [*]
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
6
15
206 24a Cybermatic Modify TV-046 Singulation punch,
(Obsolete) [*]
207 Disco Hi-Tec Back grinding Wheel (used at AMT in
Batam Inc?? [*]
208 224 Dou Xxx Ion system equipment [*]
209 Dou Xxx Static control equipment [*]
210 55 PACS Cleanroom Chairs with ESD castors [*]
211 Cybermatic Modify AL Jedec tray holder for
Waffel Pac's (f?? [*]
212 Dou Xxx Perodic Verification System [*]
213 15 Xxxxxx General Autoclaves W/Gage block assy,
Scientific Heater Assy, Te??? [*]
214 24/24b Cybermatic TV-46 Double xxxxxx Progressive die
set (Obsole??? [*]
215 RVSI Calibration targets for Vision
Inspection equipm?? [*]
216 Cybermatic Down Payment for Indexer for Second
Sikama ?? [*]
217 Cybermatic Fabricate assembly tooling set for
P254 Product [*]
000 00x Xxxxxxx Xxxxxx Xxxxx 00X & three phase
20A isolater [*]
219 45 Cintech Stainless steel Bench [*]
220 Cybermatic Singulation die for P276 [*]
------------
B TOTAL BITS AND PIECES [*]
------------
SUB-TOTAL (A + B) [*]
ADDITIONS AFTER THE MOU
221 76 Cybermatic To design & fabricate laminating
fixture [*]
222 Intelliview SCM, Strobe Control Module [*]
223 Speedline Misc Pieces [*]
224 Speedline Motor Cap. Tube [*]
225 Xx Xxxx Piping Works for new CDA system [*]
226 Micro Mechanics Laser Marking & Fixtures for TV-62 [*]
227 Vacuum Plate XDDA TV62 [*]
228 K&S Downhold set [*]
229 Micro Mechanics Components for Shinkawa Die [*]
230 Vacuum Plate Quad TV62 [*]
231 Vacuum Plate MPM - TV62 [*]
232 Cover Lay insert (TV62) [*]
233 Speedline Die Down Tool for Variable [*]
Internal Frame ------------
SUB-TOTAL (C) [*]
------------
OVERALL TOTAL - U.S. DOLLARS [*]
------------
* OWNED ASSETS ON THE PREMISES OF FLEXERA
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
7
16
FIXED ASSETS SCHEDULE AS AT 30 JUNE 2000
BUILDING & FACILITY - FACTORY
ITEM ASSET
NO. NO. SUPPLIER'S NAME DESCRIPTION PRICE US$
---- ----- --------------- -------------------------------------- ----------
1 0001a-c Pacific Vintex Building of Clean Room and renovation [*]
2 0001d Flexera Restoration of change room, air-con
works for Cl [*]
3 0001e Clean Room Electrical Installation [*]
Cables connection from isolator to
equipment [*]
4 001f/g Electrical new distribution board to
handle power for air con & AHU 2,
support equipment [*]
Cabling cost for above dist. board [*]
5 0001h Pacific Vintex 2 no. of PVC laminated gypsum
board partition [*]
6 0002 AHU 3 work supporting facility
renovation [*]
7 0002a Process Piping [*]
8 Process Piping [*]
9 PVC piping installation for developer,
cleaner a [*]
10 0005 DI water system [*]
11 0005a Process Piping [*]
To supply labour & material for the
raw water [copy illegible] [*]
To supply labour, material & equipment
for:- [*]
To supply labour for installation of
PVC pipeline for DI plant to the clean
room 3 [*]
Pipeline installation - [*]
12 0085 National Oxygen Installation of copper piping, supply
ELF tank manifold system & auto-
changeover system [*]
13 0078 National Oxygen To provide labour, material & equipment
Pte I to install O2 gas piping [*]
14 0100 Defcon Supply fab & installation of gas system
Marketing for argon, CO2 with auto changeover unit [*]
15 0080 Cintech Install isolator and cable [*]
Xxxxxxxxxx
00 0000 Xxxx Xxxx Keat Charges for the supply & installation of
transfer pump system [*]
17 0139 Pacific Vinitex To supply and install one number of
dehumidifier (size up) RH/temp control
project (control panel) [*]
18 0139a Cintech 35A isolater (3 phase), 70ft. x 5 nos.,
Enterprise 1" PVC pip [*]
19 Hoo Soon Ventilation systems for Air Pump Room
Hot Air [*]
Supply & install 1 no. of BIF fan
8000 cmb 1450 [*]
Supply & install 2 nos of silencer
c/w spring isol [*]
20 Xx Xxxx Electrical power supply installation
(/Exhaust Fan [*]
21 National Wiring & install light indicator at
Oxygen Cleanroom and Office, install
additional 2 outlets for N2 Supply [*]
21 Xx Xxxx Electrical Installation for [*]
Electrical Seal Machine
Electrical Installation for Compressor [*]
----------
[*]
----------
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
8
17
FIXED ASSETS SCHEDULE AS AT 30 JUNE, 2000
BUILDING & FACILITY - OFFICE
ITEM ASSET PRICE
NO. NO. SUPPLIER'S NAME DESCRIPTION US$
-------------------------------------------------------------------------------------------------
1 37 Pacific Vinetex Ceiling air con units system: [*]
2 66 Building & Electrical works, Communication [*]
3 67 Edisonics Workstation cubicles [*]
4 71 Edisonics Furniture renovation [*]
5 72 Submission of building plans for approval [*]
------------
[*]
------------
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
9
18
FIXED ASSETS SCHEDULE AS AT 30 JUNE, 2000
Office Equipment
ITEM ASSET PRICE
NO. NO. SUPPLIER'S NAME DESCRIPTION US$
-------------------------------------------------------------------------------------------------
1 31 Secom Installation fee for security system- [*]
2 36 Unicorn Supply of CCTV system, with 1 camera/video re [*]
PR-233 in change room [*]
Electro-magnetic fail/safe lock 12 VDC c/w
bracket, 2 pcs. [*]
Emergency breakglasses, 2 pcs [*]
Door release button [*]
Installation, testing & commissioning a reader
in change room & an emergency door lock [*]
4 32 1 unit Sony Laptop [*]
5 33 1 unit Toshiba Laptop [*]
6 34 Compaq 486 SX note book
12 MB Ram, 400 MB hard disk [*]
35 Acer 760 IC not book
486 DX 50, 20 MB Ram, 500 MB hard disk [*]
7 38 1 unit each TV, VCR and micro oven [*]
8 39 Samsung fridge - 1 no [*]
9 40 NP3825 (Used) Canon Copier - 1 no [*]
10 64 EOM 1 unit - Plus 2-screen electronic boardfax [*]
GEHA top vision projector model: 2000LW [*]
11 65 Adtech 4 units PCs Adtech pentium 200MMX computer [*]
12 68 Adtech Adtech pentium 200MMX computer workstation [*]
13 69 Adtech 2 units Adtech pentium 200MMX computer work [*]
14 70 Adtech Adtech pentium 200MMX computer workstation [*]
15 102 1 unit Brother Label Printer: PT 330 [*]
16 103 Edge/Sarcom Netserver [*]
NT server/backup/computer system - 1 unit [*]
17 118 Netserver - 2 units [*]
18 119 Xxxxx 1 unit Pouch Laminator [*]
19 120 Adtech 1 unit PC - GIGABYTE MMX T2 with 512Kb c [*]
20 Adtech (3 units PC at 1K/10K/100K cleanroom - [*]
Microsoft windows NT 4.0 workstation CD-ROM [*]
3 com etherlink III ISA TPO Loose [*]
Microsoft office standard 97 C/V upg. CD ROM [*]
21 Adtech Adtech pentium 233MMX computer system pent [*]
Microsoft windows NT 4.0 workstation CD-ROM [*]
3 com etherlink III ISA TPO Loose [*]
Microsoft office standard 97 C/V upg. CD ROM [*]
Commwave 56KBPS HSP PNP internal fax mod [*]
22 People Tech Quality-Analyst 5-User Lan V5.1 (US$ 4,622.00 [*]
Nilfisk Vacuum cleaner UZ878, Hepa-filter UZ774 [*]
23 SingTel ERICSSON 628 Handphone [*]
24 2 pcs SHARP R218A Microwave [*]
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
10
19
25 1 unit PC - Pentium II [*]
26 Samsung SRG118-GY Refrigerator [*]
27 1 unit PC OEM Celeron PC [*]
28 Autocad Release 2000 [*]
29 ECHIP Single User License [*]
30 HP Laserjet1100 [*]
31 1 PC - Computer Hardware & Software, Micr [*]
32 1 unit - Document Paper Shredder [*]
33 1 unit Chubb - FireProof Safe cabinet [*]
34 U*Star 2 units Open door steel filing cabinet [*]
TOTAL [*]
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
11
20
FIXED ASSETS SCHEDULE AS AT 30 JUNE, 2000
FURNITURE & FITTINGS
ITEM ASSET PRICE
NO. NO. SUPPLIER'S NAME DESCRIPTION US$
---- ----- --------------- ----------- --------
1 28 Functional filing cabinet - 1 unit [*]
2 29 Functional 6 nos mid back chairs [*]
6 nos low back chairs
3 30 Functional 6 nos mid back executive chair [*]
4 46 Functional 3 seater sofa - 1 set [*]
5 47 Functional 1 unit coffee table c/w glass top & black [*]
6 48 Functional 1 unit - secretary chair [*]
7 49 Functional 1 unit - secretary chair [*]
8 50 Functional 1 unit conference table [*]
9 51 Functional 10 unit mid back exe. chair [*]
10 52 Functional 8 unit - low back exe. chair [*]
11 16 1 unit - full height with swing door [*]
12 117 LTC S/steel tilted "Welcome" sign board stand c/w lo [*]
13 1 unit - Open shelf cabinet [*]
14 Dionics 3 unit computer tables [*]
15 12 units of Plastic Side Chair [*]
16 4 units H/B Table W/Foldable Legs [*]
17 U-Plan 1 unit Executive Chair [*]
18 Solo 1 unit Full Height Cupboard [*]
19 Solo 1 unit Filing Cabinet [*]
20 1 unit Filing Cabinet [*]
21 1 unit High Sliding Door Cabinet [*]
22 Fullboard Partition [*]
--------
TOTAL [*]
========
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
12
21
SCHEDULE 2.1(b) - OTHER ASSETS
LIST OF DEPOSITS UNDER ASSUMED CONTRACTS
OTHER ASSETS
PREPAYMENTS [*]
DEPOSITS [*]
INVENTORY [*]
-----------
[*]
-----------
PREPAYMENTS
HEALTH INSURANCE FOR EMPLOYEES
Policy Policy No. Feb to Dec00 ASSIGNED TO ESPL
JULY TO DEC 00
Xx Xx XXx
Xxxxxxxx Xxxxxxxx X0X00000-00 Feb to Dec 00 [*] [*]
Hospital & Surgical A1A80808-00 Feb to Dec 00 [*] [*]
Major Medical Illness A1A80808-00 Mar to Dec 00 [*] [*]
Clinical A1A80808-00 Mar to Dec 00 [*] [*]
Outpatient specialist & X-Ray A1A80808-00 Mar to Dec 00 [*] [*]
Dental A1A80807-00 Mar to Dec 00 [*] [*]
Term Life A1A80808-00 Mar to Dec 00 [*] [*]
---------- ----------- ---------
[*] [*] [*] [*]
---------- ----------- ---------
DEPOSIT
S$ US$
2 month deposit for Xxx Xxxx'x apartment [*] [*] [*]
30% Downpayment for Coverlay removal equipment
as per purchase order no. 80G712 [*] [*] [*]
30% downpayment for automation of Camelot
1818 machine handling [*] [*] [*]
---------- ----------- ---------
[*] [*] [*]
---------- ----------- ---------
----------- ---------
TOTAL [*]
----------- ---------
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
22
SCHEDULE 2.1(b) - OTHER ASSETS (Continued)
DIRECT/INDIRECT MATERIAL INVENTORY ENDED 30 APR '00
====================================================================================================================================
APR. '00 CLOSING
PERSON UNIT UNIT CLOSING BAL.
PART VENDOR LATEST P/O OR MAT'L IN COST COST BAL. VALUE
DESCRIPTION PART # PART # SUPPLIER INVOICE # TYPE UOM PACKAGE CHARGE US$ S$ QTY S$
====================================================================================================================================
Coverlay Tape
3195 MS(27mm) 1130002000ND - [*] SG1078 Indirect rl 50m/rl 10K [*] 80[*]
------------------------------------------------------------------------------------------------------------------------------------
Coverlay Tape
3195 MS(50mm) 1130002010ND - [*] SG1271 Indirect rl 50m/rl 10K [*] 48[*]
------------------------------------------------------------------------------------------------------------------------------------
Dimple Tool
(SHT009) - [*] [*] SG1005 Indirect pc 1 pc Xxxxxx [*][*] 130[*]
------------------------------------------------------------------------------------------------------------------------------------
Disposable Carrier 50pcs/
Frame(7023) 302-7023 - [*] SG995 Indirect pc pkt RH [*][*] 0[*]
------------------------------------------------------------------------------------------------------------------------------------
Moisture Barrier 100pcs/
Bag - [*] [*] SG1088 Indirect pc pkt RH [*] 1000[*]
------------------------------------------------------------------------------------------------------------------------------------
Rubber band 1kg/
60mm x 2mm - - [*] SG897 Indirect pkt pkt RH [*] 0[*]
------------------------------------------------------------------------------------------------------------------------------------
Rubber band 1kg/
60mm x 6mm - - [*] SG1171 Indirect pkt pkt RH [*] 18[*]
------------------------------------------------------------------------------------------------------------------------------------
Solder 107000200JSG/ 1,000,000p
Ball(0.30mm) 107000 - [*] 447733268480/9SG1268 Direct bll 100K [*][*] 61[*]
------------------------------------------------------------------------------------------------------------------------------------
Solder 1,000,000p
Ball(0.33mm) 1070004000SG - [*] SG1286 Direct bll 100K [*][*] 4[*]
------------------------------------------------------------------------------------------------------------------------------------
Solder 900,000pcs
Ball(0.35mm) 1070006000SG - [*] SG1352 Direct bll 100K [*][*] 5[*]
------------------------------------------------------------------------------------------------------------------------------------
Static Shielding 200pcs/
Bag(10x14) - - [*] SG301 Indirect pkt 5pkt 100K [*] 11[*]
------------------------------------------------------------------------------------------------------------------------------------
Static Shielding 200pcs/
Bag(10x20) - - [*] SG930 Indirect pkt pkt 100K [*] 1[*]
------------------------------------------------------------------------------------------------------------------------------------
Wafer Tape 1140002000ND [*] [*] SG1269 Indirect rl 200m/rl 100K [*] 12[*]
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
[*]
------------------------------------------------------------------------------------------------------------------------------------
Valued
Sing $
[*]
------------------------------------------------------------------------------------------------------------------------------------
Total
------------------------------------------------------------------------------------------------------------------------------------
US$@[*]
-----------------------
Grand total: [*]
=======================
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
23
SCHEDULE 3.3 - ASSUMED CONTRACTS DATED: 6/14/00
----------------------------------------------------------------------------------------------------------------------------
CONTRACT NO. FOR: COMMENCE EXPIRY DATE MONTHLY $ DEPOSIT DESCRIPTION
------------ -------- -------- ----------- --------- -------- -----------
AAA 1 Downtown Travel Services DT546R Xxx Xxxx 30-Jan-00 30-Jan-01 $ [*] SCX3605Z Subaru
2 F&N Coca Cola SA/A102/7/99 TTPL 1-Aug-99 1-Aug-01 [*] Supply of drinking water
to office (Ice Mountain)
N 3 Madam Foo Weng Sing 17-Dec-99 Xxx Xxxx 1-Jan-00 31-Dec-00 $ [*] S$12,000 000 Xxxxxxx Xxx Xxxx
#00-00 Xxxxxx Xxx Xxxxx
000000
4 Madam Poh Xx Xxxx SG1161 Mdm Poh 1-Jan-00 31-Dec-00 $ [*] Office Cleaning
5 MET Engineering Eervices SG919 TTPL 1-Feb-00 31-Jul-00 $ [*] Air Con Maintenance
6 Pro Stamping Industrial SG1252 TTPL 1-Mar-00 2-Feb-01 $ [*] Rental of warehouse @
Kallang Pudding Road
7 PTC Business Systems P/L 10757/98 TTPL 26-Jan-98 26-Jan-03 [*] After sales svc maintenance
photo-copy machine
contract
8 Secom (Singapore) Pte Ltd TTPL 14-Jan-98 14-Jan-01 $ [*] Monitoring of security
system alarms
9 Trac Leasing (S) Pte Ltd 13691 Xxx Xxxxx 5-Nov-99 4-May-01 $ [*] SZA4814D Holden Calais
10 Pacific Internet Service TTPL 1-Jun-00 1-Jun-02 $ [*] Renewal of contract
Corporate Leased Line
Access
11 Chem Aqua Singapore SG1407 TTPL 1-Jun-00 31-May-01 $ [*] Cooling Tower Water
Treatment Program
AAA = Assumption & Assign. Agreement
N = Novation
* = With effect to 5/01. If new MD wants a good deal.....
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
24
SCHEDULE 3.3 - ASSUMED CONTRACTS - 2000 PURCHASE ORDERS 6/14/2000
Singapore Purchase Order Log
---------------------------------------------------------------------------------------------------------------
2000 OUTSTANDING P/OS AMOUNT AMOUNT
OUTSTANDING S$
PO NOS. DATE REQ'S VENDOR DESCRIPTION S$ US$
------- ---- ----- -------------------------- -------------------------------- ---------- ----------
SG1270 26-Jan GBL [*] Jedec Shipping Tray (see Note 1) [*]
SG1288 8-Mar GBL [*] Disposable Carrier Frame [*]
SG1377 8-May GBL [*] Tray Chip Rect Pockets [*]
SG1378 8-May AB [*] Training for Process Failure Modes [*]
SG1383 11-May AG [*] DJ water sys. Preventive main. [*]
SG1392 22-May BE [*] Jigs & Fixtures for tooling - P290 [*]
SG1393 25-May TSB [*] Building Plan Submission [*]
SG1402 29-May AY [*] Stencil/Reel to Reel Insert plate [*]
SG1403 31-May AG [*] Calibration & certification 775pvs [*]
SG1404 1-Jun TSB [*] Factory Registration TTPL [*]
SG1405 1-Jun GBL [*] 128MB SDRAM Pc100 Upgrade Kit [*]
SG1408 2-Jun GBL [*] Microsoft Office 2000 Std MOLP [*]
SG1409 2-Jun AG [*] UV lamp fo SL-1 Uv steriliser [*]
SG1410 5-Jun AG [*] XXX 0000/00 0" X/x monitor [*]
SG1412 9-Jun GBL [*] Punching copper frame [*]
SG1413 9-Jun GBL [*] Power Free Antistatic Finger Cots [*]
SG1414 8-Jun GBL [*] Microsoft Office 2000 P.w MAccess [*]
SG1415 16-Jun GBL [*] Microsoft Windows 95 OEM [*]
SG1416 12-Jun AG [*] Microsoft Visual Basic Level 1/2 [*]
SG1419 14-Jun SL [*] Quotation for quarterly Prev.Maint. [*]
SG1420 14-Jun SL [*] Temp Recorder for Repair [*]
SG1421 14-Jun SL [*] Calibration of Digital Thermometer [*]
---------- ----------
TOTAL$ [*]$ [*]
---------- ----------
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
25
SCHEDULE 3.3 - ASSUMED CONTRACTS - 1999 PURCHASE ORDERS. 6/14/2000
Singapore Purchase Order Log
------------------------------------------------------------------------------------------------------------------------
1999 OUTSTANDING POS S$ US$ BALANCE
------------------------------------------------------------------------------------------------------------------------
PO NO: DATE REQ'S SUPPLIER ITEM PRICE PRICE NO. OF UNITS
------ ------ ----- --------------- --------------------------------------------------------------------------------
XX000 0-XXX XX [*] Coverlay Removal Equipment [*]
SG721 8-APR JAC [*] Vision Scape Prog [*]
SG722 8-APR GLG [*] Auto of Camalot [*]
SG889 16-Jul BE [*] To auto CAMALOT carrier handling system [*]
SG1141 27-Oct BE [*] TCMT [*] [*]
SG1177 18-Nov BE [*] TCMT [*] [*]
------------------------------------------------------------------------------------------------------------------------
TOTAL $[*] $ [*]
--------------------------------------------------------------------------------
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
26
SCHEDULE 3.3 - ASSUMED CONTRACTS - 1998 PURCHASE ORDERS. 6/14/2000
Singapore Purchase Order Log
---------------------------------------------------------------------------------------------------------
1998 OUTSTANDING POS
---------------------------------------------------------------------------------------------------------
PO NO: DATE REQ'R VENDOR DESCRIPTION AMOUNT S$ AMOUNT US$
---------------------------------------------------------------------------------------------------------
SG538 23-Sep BE [*] Singulation Tool [*]
---------------------------------------------------------------------------------------------------------
TOTAL $ [*]
-----------------------------------------------------------------
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
27
SCHEDULE 4.2: Tessera Technology Pte. Ltd. Employee List 5/31/2000
TTPL TTPL TITLE/ DATE
MGMT/ENGRG/ADMIN EBN DESIGNATION JOINED
------------------------ -------- -------------------------------- ------------
1 [*] 02 Manager, Equipment & Facility [*]
2 [*] 04 Manufacturing Manager [*]
3 [*] 05 Senior Process Engineer [*]
4 [*] 06 Senior Process Engineer [*]
5 [*] 08 Office Admin Assistant [*]
6 [*] 019 Senior Planner [*]
7 [*] 026 Process Engineer [*]
8 [*] 048 Assistant Engineer [*]
9 [*] 049 Assistant Engineer [*]
10 [*] 054 Production Controller Clerk [*]
11 [*] 069 Assistant Engineer [*]
12 [*] 070 Assistant Engineer [*]
13 [*] 083 Director, Finance & Admin [*]
14 [*] 084 Process Engineer [*]
15 [*] 085 Process Engineer [*]
16 [*] 086 Process Engineer [*]
DEPARTMENT: MANUFACTURING
TTPL TTPL TITLE/ DATE
PRODUCTION OPERATORS EBN DESIGNATION JOINED
-------------------------- -------- -------------------------------- ------------
1 [*] 013 Production Coordinator [*]
2 [*] 015 M. Specialist [*]
3 [*] 025 Equpt. Set Spec [*]
4 [*] 027 P. Operator [*]
5 [*] 029 P. Operator [*]
6 [*] 030 M. Specialist [*]
7 [*] 032 M. Specialist [*]
8 [*] 035 M. Specialist [*]
9 [*] 036 P. Operator [*]
10 [*] 039 P. Operator [*]
11 [*] 040 P. Operator [*]
12 [*] 041 P. Operator [*]
13 [*] 042 P. Operator [*]
14 [*] 043 P. Operator [*]
15 [*] 046 P. Operator [*]
16 [*] 047 P. Operator [*]
17 [*] 051 P. Operator [*]
18 [*] 057 P. Operator [*]
19 [*] 058 P. Operator [*]
20 [*] 059 P. Operator [*]
21 [*] 061 P. Operator [*]
22 [*] 062 P. Operator [*]
23 [*] 071 P. Operator [*]
24 [*] 072 P. Operator [*]
25 [*] 075 P. Operator [*]
26 [*] 077 P. Operator [*]
27 [*] 078 P. Operator [*]
28 [*] 080 P. Operator [*]
29 [*] 081 P. Operator [*]
30 [*] 082 P. Operator [*]
31 [*] 033 QA Inspector [*]
32 [*] 063 QA Inspector [*]
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
28
Schedule 6.2 - Customer-Specific Inventory
------------------------------------------------------------------------------------------------------------------------------------
LATEST
P/O OR PERSON
VENDOR INVOICE IN
PART DESCRIPTION PART # PART # SUPPLIER # UOM PACKAGE CHARGE
------------------------------------------------------------------------------------------------------------------------------------
Jedec Tray (cavity 260) - 785-12 [*] SG1061 pc 50pcs/ctn 100K
------------------------------------------------------------------------------------------------------------------------------------
P220 Tape w/6910 nubbins 10102204FXR - [*] SG513 unit 30units/strip RH
------------------------------------------------------------------------------------------------------------------------------------
P254 Raw Circuit Tab Tape 1010254000SJ - [*] XW2-S425-A rl 1 rl RH
------------------------------------------------------------------------------------------------------------------------------------
P254 Tape w/6910 nubbins 101025400FXR - [*] SG1177 unit 60units/strip RH
------------------------------------------------------------------------------------------------------------------------------------
P255 Raw Circuit Tab Tape 10125500HTC - [*] XW2-S450-B rl 1 rl RH
------------------------------------------------------------------------------------------------------------------------------------
P255 Tape w/6910 nubbins 101025500FXR - [*] SG1177 unit 14units/strip RH
------------------------------------------------------------------------------------------------------------------------------------
P261 Raw Circuit Tab Tape 101261C0100 1010281CO10 [*] IV-20518 rl 1 rl RH
------------------------------------------------------------------------------------------------------------------------------------
P261 Tape w/6910 nubbins 10126100FXR - [*] SG1141 unit 50units/strip Gan
------------------------------------------------------------------------------------------------------------------------------------
P276 Raw Circuit Tab Tape 101027600HTC EMPC000420 [*] XW2-S462-A rl 1 rl RH
------------------------------------------------------------------------------------------------------------------------------------
P276 Tape w/6910 nubbins 101027600FXR - [*] SG1177 unit 75units/strip RH
------------------------------------------------------------------------------------------------------------------------------------
Waffle Pack Clip(6 trays) - H44-04B-61C [*] 5826(SJ) pc 50pcs/pkt RH
------------------------------------------------------------------------------------------------------------------------------------
Waffle Pack Cover - A 0-000000-0 [*] SG863 pc 50pcs/pkt RH
------------------------------------------------------------------------------------------------------------------------------------
Waffle Pack(cavity 64) - A 0-000000-0 [*] SG757 pc 50pcs/pkt RH
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Total
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
APR '00 CLOSING COST-
UNIT UNIT CLOSING BAL. PHYSICAL (NOT PART
COST COST BAL. VALUE VALUE OF ASSETS
US$ S$ QTY S$ S$ $ SOLD) REMARK
------------------------------------------------------------------------------------------------------------------------------------
Jedec Tray (cavity 260) [*] [*] [*] [*] [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
P220 Tape w/6910 nubbins [*] [*] [*] [*] [*] [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
P254 Raw Ciccuit Tab Tape [*] [*] [*] [*] [*] [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
P254 Tape w/6910 nubbins [*] [*] [*] [*] [*] [*] [*]
-----------------------------------------------------------------------------------------------------------------------------------
P255 Raw Circuit Tab Tape [*] [*] [*] [*] [*] [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
P255 Tape w/6910 nubbins [*] [*] [*] [*] [*] [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
P261 Raw Circuit Tab Tape [*] [*] [*] [*] [*] [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
P261 Tape w/6910 nubbins [*] [*] [*] [*] [*] [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
P276 Raw Circuit Tab Tape [*] [*] [*] [*] [*] [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
P276 Tape w/6910 nubbins [*] [*] [*] [*] [*] [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
Waffle Pack Clip(6 trays) [*] [*] [*] [*] [*] [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
Waffle Pack Cover [*] [*] [*] [*] [*] [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
Waffle Pack(cavity 64) [*] [*] [*] [*] [*] [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Total [*] [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
LATEST
P/O OR PERSON
VENDOR INVOICE IN
PART DESCRIPTION PART # PART # SUPPLIER # UOM PACKAGE CHARGE
------------------------------------------------------------------------------------------------------------------------------------
Die Attach Adhesive 7920 1040001000DC 3265325 [*] SG1180 Direct lb 30gr/tb
------------------------------------------------------------------------------------------------------------------------------------
Dimple Tool (4.5 X 4.5) - - [*] 0000000000 Indirect pc 1 pc
------------------------------------------------------------------------------------------------------------------------------------
Dimple Tool (6 X 6) - TESS-M-6X6 [*] SG904 Indirect pc 1 pc
------------------------------------------------------------------------------------------------------------------------------------
Encapsulant DC 6811 1060002000DC 3267947 [*] SG1079 Direct lb 100gr/tb
------------------------------------------------------------------------------------------------------------------------------------
Flux 1070002000AM WS13S [*] SG1160 Indirect lb 150gr/tb
------------------------------------------------------------------------------------------------------------------------------------
Yellow Tape 207000100CSS 3M#42 [*] SG440 Indirect rl 36yrds/rl
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Total
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
APR '00 CLOSING COST-
UNIT UNIT CLOSING BAL. (NOT PART
COST COST BAL. VALUE OF ASSETS
US$ S$ QTY S$ SING $ $ SOLD) REMARK
------------------------------------------------------------------------------------------------------------------------------------
Die Attach Adhesive 7920 [*] [*] [*] [*] [*] [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
Dimple Tool (4.5 X 4.5) [*] [*] [*] [*] [*] [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
Dimple Tool (6 X 6) [*] [*] [*] [*] [*] [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
Encapsulant DC 6811 [*] [*] [*] [*] [*] [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
Flux [*] [*] [*] [*] [*] [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
Yellow Tape [*] [*] [*] [*] [*] [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Total [*] [*]
------------------------------------------------------------------------------------------------------------------------------------
S$
TOTAL - COSIGNMENT STOCK [*]
US$
[*] [*]
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
29
EXHIBIT A (Page 1 of 6)
TTPL ESPL
Tessera Technology Pte. Ltd. EEMS Singapore Pte. Ltd.
Block 1026 Xxx Xxxx Avenue #07-3534 Block 1026 Xxx Xxxx Avenue #07-3534
Xxx Xxxx Xxxxxxxxxx Xxxxxx Xxxxxxxxx 000000 Xxx Xxxx Xxxxxxxxxx Xxxxxx Xxxxxxxxx 000000
[Name of Employee] Date: [ ] 2000
[Address of Employee]
Dear Mr./Ms. [ ],
TRANSFER OF BUSINESS
As you are aware, it is proposed that ESPL will acquire the business currently
carried on by TTPL. The acquisition is to take effect on 19 June, 2000 and TTPL
will cease to carry on business from close of business on 19 June, 2000.
In conjunction with the transfer of business and by virtue of section 18A of the
Employment Act (Cap 91), your employment with TTPL will cease by the transfer of
such employment to ESPL. ESPL is pleased to join in this letter to confirm your
employment with it on the same terms and conditions as your employment with TTPL
with effect from 19 June, 2000 or such later date upon which the transfer of
business is complete. The payroll for the calendar month of June (1 June through
30 June) will be handled as usual by TTPL about 23 June. ESPL will take over
payroll responsibility 1 July and handle the July Payroll disbursement of 21
July.
Please find enclosed a form of acceptance that is addressed to both TTPL and
ESPL. After reviewing this offer letter, please sign the acceptance form and
return it to the attention of the undersigned. This offer of employment with
ESPL is subject to your signing the enclosed acceptance form.
You will receive a Retention Bonus for continuing your employment through the
transition. It will be paid in two parts. (a) For remaining with ESPL for 90
days after the sale closes, you will be paid [*]. (b) For remaining with ESPL
for an additional 180 days after that, you will be paid [*]. This is in addition
to the regular annual (13th month) bonus normally paid in January. Of course, if
you voluntarily terminate your employment prior to either of these dates, the
bonus is forfeited.
TTPL would like to take this opportunity to thank you for your service with the
company, and ESPL is looking forward to working with you.
We wish you all the very best in the future
Yours sincerely,
---------------------------------- -------------------------------------
Xxxxxxx X. Xxxxx Enzo D'Antonio
Managing Director, TTPL President, Managing Director
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
1
30
LETTER OF ACCEPTANCE
To: Tessera Technology Pte. Ltd.
Block 1026 Xxx Xxxx Avenue #07-3534
Xxx Xxxx Xxxxxxxxxx Xxxxxx Xxxxxxxxx 000000
EEMS Singapore Pte. Ltd.
Block 1026 Xxx Xxxx Avenue #07-3534
Xxx Xxxx Xxxxxxxxxx Xxxxxx Xxxxxxxxx 000000
I, [Name of Employee] (holder of NRIC No. [ ]) hereby accept the cessation of
my employment with TTPL as indicated in the letter of [ ] 2000 addressed to me
and confirm that I have no claims against TTPL arising out of or in conjunction
with my employment with TTPL or the cessation of such employment.
I hereby accept the offer of employment with ESPL as indicated in the said
letter of [ ] 2000.
-------------------------------------
Signed, sealed and delivered
Date: 2000
2
31
TTPL ESPL
Tessera Technology Pte. Ltd. EEMS Singapore Pte. Ltd.
Block 1026 Xxx Xxxx Avenue #07-3534 Block 1026 Xxx Xxxx Avenue #07-3534
Xxx Xxxx Xxxxxxxxxx Xxxxxx Xxxxxxxxx 000000 Xxx Xxxx Xxxxxxxxxx Xxxxxx Xxxxxxxxx 000000
Date: [ ] 2000
[Name of Employee]
[Address of Employee]
Dear Mr./Ms. [ ],
TRANSFER OF BUSINESS
As you are aware, it is proposed that ESPL will acquire the business currently
carried on by TTPL. The acquisition is to take effect on 19 June, 2000 and TTPL
will cease to carry on business from close of business on 19 June, 2000.
As a highly valued member of TTPL, it is proposed as part of the arrangements
for the transfer of business that your employment be transferred, on terms and
conditions no less favourable than those on which you are currently employed, to
ESPL. This means that TTPL must terminate your existing employment contract and
ESPL must offer you a new contract.
The purpose of this letter is to give you formal notice of termination of your
employment with TTPL as of 19 June, 2000, or such date as the transfer of such
business is complete. ESPL joins in this letter to formally offer you employment
with it, effective 20 June, 2000, or such later date upon which the transfer of
such business is complete. The payroll for the calendar month of June (1 June
through 30 June) will be handled as usual by TTPL about 23 June. ESPL will take
over payroll responsibility 1 July and handle the July Payroll disbursement of
21 July.
ESPL hereby offers you new employment with it, on substantially the same terms
and conditions as those on which you are currently employed, with effect from 20
June, 2000. If you accept this offer of employment, substantially the same
benefits to which you are entitled under your current employment with TTPL,
including salary, annual leave, medical and other fringe benefits will be
provided.
This offer of employment is on the substantially the same terms and conditions
as those which currently apply to you in your employment with TTPL. If you agree
to accept the offer of employment from ESPL, your rights will be protected in
the same way as if you had continued as an employee of TTPL, and ESPL will treat
your prior service with TTPL as service with it for all purposes in calculating
your entitlements as an employee.
3
32
You will receive a Retention Bonus for continuing your employment through the
transition. It will be paid in two parts. (a) For remaining with ESPL for 90
days after the sale closes, you will be paid [*]. (b) For remaining with ESPL
for an additional 180 days after that, you will be paid [*]. This is in addition
to the regular annual (13th month) bonus normally paid in January. Of course, if
you voluntarily terminate your employment prior to either of these dates, the
bonus is forfeited.
If you have a Tessera stock option, please see attachment A for information
regarding the purchase of any or all of the vested portion.
Please find enclosed a form of acceptance which is addressed to both TTPL and
ESPL. After reviewing this offer letter, please sign the acceptance form and
return it to the attention of the undersigned. This offer of employment with
ESPL is subject to your signing the enclosed acceptance form.
TTPL would like to take this opportunity to thank you for your service with the
company, and ESPL is looking forward to working with you.
We wish you all the very best in the future.
Yours sincerely,
---------------------------------- ----------------------------------
Xxxxxxx X. Xxxxx Enzo D'Antonio
Managing Director, TTPL President, Managing Director
EEMS Italia SpA
for and on behalf of ESPL
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
4
33
Attachment A:
1. Stock options which you were granted by Tessera Inc., during your
employment with TTPL, will not, under U.S. law, continue to vest beyond the
closing date of the sale of TTPL assets to ESPL. Certain options, where
clearly stated as such, will become 100% vested as of the date of the
close.
2. You will be able to exercise your right to purchase such vested shares for
90 days after the close. ESPL management will assist you administratively.
3. One way in which you may avail yourself of such assistance is if (a) you
are eligible to receive the "one-month salary bonus" 90 days after the
close and (b) you elect to apply some or all of the bonus to the purchase
of vested Tessera shares. Shortly before the end of the 90 day period
mentioned above, you will be asked to fill out a form to instruct
appropriate parties on the number of such shares being purchased, the
Singapore:US$ exchange rate to use, the portion of the salary bonus to
apply and the method of payment for any balance due to Tessera for the
purchase. Please note that this is a ONE-TIME transaction and that any
vested shares NOT purchased by this date will not be available after that
date.
4. It is imperative that you understand that any shares you purchase up to
that time carry the risk of your not being able to sell them until after
the Initial Public Offering, and that there is no assurance when or that
this offering will take place. There are other restrictions that you should
be aware of and which are enumerated in your option documents.
5
34
LETTER OF ACCEPTANCE
To: Tessera Technology Pte. Ltd
Block 1026 Xxx Xxxx Avenue #07-3534
Xxx Xxxx Industrial Estate Xxxxxxxxx 000000
ESPL
Block 1026 Xxx Xxxx Avenue #07-3534
Xxx Xxxx Xxxxxxxxxx Xxxxxx Xxxxxxxxx 000000
I, [Name of Employee] (holder of NRIC No. [ ]) hereby accept the
offer of employment with ESPL, contained in the letter of [ ] 2000
addressed to me. In consideration of TTPL having procured an offer of employment
to me on substantially the same terms and conditions as my present employment as
set out in the above letter, I hereby waive all my rights to termination notice
and release TTPL from any claim whatsoever which I may have against it in
relation to my termination of employment and transfer to ESPL.
-----------------------------------
Signed, sealed and delivered
Date: 2000
6
35
[TESSERA LETTERHEAD]
June 19, 2000
Enzo D'Antonio, President
EEMS Italia, SpA
Xxxxx Xxxxx Xxxxxxx
000000 Cittaducale, RI
Facsimile No.: 390-746-604-262
RE: Quotation for WAVE License
Dear Enzo:
In connection with the sale of Tessera's Singapore packaging business to the
newly created EEMS subsidiary in Singapore and the EEMS buy-down of royalty
rates under our TCC License Agreement, dated September 24, 1999, Tessera would
like to offer EEMS a license in certain related technology.
Specifically, Tessera offers EEMS a world-wide, non-exclusive, non-transferable,
non-sublicensable, limited license, without "have made" rights, for Tessera's
WAVE Technology, a type of Batch Technology as defined the TCC License, on the
terms stated in this letter. The licensee fee for this WAVE License shall be [*]
U.S. DOLLARS (US$[*]), with other terms and conditions, including the standard
per billable pin royalty rate and grantback licenses, will be subject to mutual
agreement. EEMS may accept this offer any time during an 18-month period
commencing on Closing of the sale of the packaging business described above.
As used in this letter, "WAVE Technology" means any method or result of U.S.
Patent number 5,518,964 and related Patents for the manufacture of products
using a wide area vertical expansion method for forming elements within the
product.
We look forward to your decision to expand your product offering to include
those based on the Tessera WAVE Technology. Thank you.
Very truly yours,
/s/ XXXXX XxXXXXXXXX
-------------------------------------
Xxxxx XxXxxxxxxx
President and CEO
* Certain information on this page has been omitted and filed
separately with the Commission. Confidential treatment has
been requested with respect to the omitted portions.
