SanDisk 2004 Annual Report Download - page 119

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[*NOTE: English translation provided for convenience only. Japanese language version is official
controlling document.]
Attachment 1 of the Lease Agreement
Terms and Conditions of the Lease
1. Due Date of Delivery, Final Deliverable Date and Identification of Premises
The Due Date of Delivery for each Separate Transactions shall be the bank business day earlier of i) the date within the period
from [***] to [***], or ii) the corresponding date to [***]months after the First Separate Transaction, on which the Lessee
objectively identifies the applicable Unit Constitutive Premises with serial numbers, etc. and notify to the Lessor as the due date of
delivery at least [20] day prior to such due date of delivery. The Final Deliverable Date of this Agreement shall be the last date of
the Due Date of Delivery during such period. The Lessee and the Lessor shall conduct the First Separate Transaction within the
period from [***] to [***], and may perform at most [***] transactions during [***] months from the First Separate Transaction,
provided the Lessee and the Lessor may change the above period and the frequency of transactions in accordance with Article 23.
2. Lease Period
From the Delivery Date to [the corresponding date to four or five years from Delivery Date agreed by the Lessor and the Lessee]
for each Separate Transaction (including the Delivery Date but the Maturity Date of Lease).
3. Calculation of Lease Fee
The total of the following Toshiba Tranche 1, Toshiba Tranche 2, SD Tranche 1 and SD Tranche 2.
(i) (SD Tranche 1)
For each of the Lease Fee Calculation Period, the sum of (1) the Premises Purchase Price of the Premises for each Separate
Transaction multiplied by the rate described in (A) below, and (2) the interest on the above (1) calculated with the rate of
Euro−Yen TIBOR, as set forth in 6(3) of Appendix 1 of this Lease Agreement, applicable to the period from the initial date to
the last date of the Lease Fee Calculation Period plus [***] (on pro rata basis of 360/year).
(ii) (SD Tranche 2)
For each of the Lease Fee Calculation Period, the sum of (1) the purchase price of applicable premises for each Separate
Transaction multiplied by the rate described in (B) below, and (2) the interest on the above (1) calculated with the rate of
Euro−Yen TIBOR, as set forth in 6(3) of Appendix 1 of this Lease Agreement, applicable to the period from the initial date to
the last date of the Lease Fee Calculation Period plus [***] (on pro rata basis of 360/year).
[***] INDICATES THAT CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY
WITH THE COMMISSION PURSUANT TO RULE 24B−2. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
RESPECT TO THE OMITTED PORTIONS. − 34 −