AXT LETTERHEAD]Axt Inc • March 5th, 2007 • Semiconductors & related devices • California
In this letter (the “Agreement”) we are entering into an agreement between AXT, Inc., a Delaware corporation (“AXT” or “the Company”) and Recapture Metals Limited (“Recapture”), regarding the purchase by the Company of 7N gallium metal (the “Gallium”) from Recapture during calendar years 2007 and 2008. This letter sets forth the terms and conditions of the Company’s agreement to purchase the Gallium, and supercedes any and all prior verbal and written agreements or expressions of interest from the Company concerning the subject matter hereof.
