0001193125-05-141398 Sample Contracts

RE: Consulting Agreement
Photronics Inc • July 13th, 2005 • Semiconductors & related devices

This letter confirms that Photronics, Inc. (the “Company”) has agreed to continue to retain you as a Consultant in accordance with the terms of this letter. This Agreement is extended to you because of your importance as the Chief Executive Officer of the Company and our desire to retain your counsel after your retirement.

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