SanDisk 2004 Annual Report Download - page 86

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MASTER LEASE AGREEMENT
This Master Lease Agreement is made and entered into on the 24th day of December 2004 by and among Mitsui Leasing &
Development, Ltd. (hereinafter known as the SD Lessor), IBJ Leasing Co., Ltd., and Sumisho Lease Co., Ltd. (hereinafter known as
the Toshiba Lessors, and collectively with SD Lessor, the Lessors), and Flash Partners, Ltd. (the Lessee).
Article 1. Definitions
1. As used herein, the following terms shall have the meaning described for each term unless expressly indicated in the context that
such term shall mean otherwise:
SD Group Companies: SanDisk Corporation and the companies that SanDisk Corporation holds 50% or
more of the voting shares.
Termination Event: Any or all of the events stipulated in Article 26, Paragraph 1.
Certificate of Lease: The certificate of acceptance on lease of the Property issued for each Individual
Transaction pursuant to Article 4, Paragraph 4, in the form described in Attachment
2.
Liquidated Damages: The amount calculated at any date in respect of each Tranche in accordance with
Section 9 of Attachment 1.
Taxes and Public Dues: Taxes, levies, withholding charges, fees, duties, contributions, and any other money
(without regard to the name) that may be currently or in the future charged by the
tax authorities or other government body (whether domestic or foreign), and
penalties, fines, surcharges, delinquency charges and arrear of interest (without
regard to the name) relating thereto.
Bank Business Day: The day the banks are open for the business in Japan.
Purchase Option Exercise
Price: The amount calculated for each Tranche with respect to each Lease Fees Payment
Date pursuant to Section 6 of Attachment 1.
Individual Transaction: Each individual transaction made in accordance with this Agreement and each
Certificate of Lease.
Original Purchase
Agreement: Each purchase agreement executed between the Lessee and the Property
Manufacturer concerning the purchase of the Property.