October 20, 2014 Hutchinson Technology Incorporated Hutchinson, Minnesota 55350 Attn: David Radloff, Vice President and Chief Financial Officer Re: Exchange of Notes for Common Stock Dear Ladies and Gentlemen:Letter Agreement • February 4th, 2015 • Hutchinson Technology Inc • Electronic components, nec • New York
This letter agreement (this “Agreement”) sets forth the agreement between Hutchinson Technology Incorporated, a Minnesota corporation (“Hutchinson Technology”), and Liberty Harbor Master Fund I, L.P. (“Liberty Harbor”) to exchange $15,000,000 aggregate principal amount of 8.50% Senior Secured Second Lien Notes due 2017 (CUSIP 448407AJ5) (the “Exchanged Notes”) of Hutchinson Technology for an aggregate amount of 5,000,000 shares (including shares issuable upon exercise of the Warrants (as defined below)) (the “New Shares”) of Hutchinson Technology’s common stock, par value $0.01 per share (the “Common Stock”), pursuant to Section 3(a)(9) of the Securities Act of 1933, as amended (the “Securities Act”), on the terms specified below.
