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Exhibit 10.9
CONTRACT
Made and Executed this 21st Day of May, 1998
BETWEEN: CAMTEK LTD.,
Old Industrial Zone - Migdal Haemek
(hereinafter: "Camtek")
OF THE ONE PART
AND: P.C.B. Ltd.,
Old Industrial Zone - Migdal Haemek
(hereinafter: "P.C.B.")
OF THE OTHER PART
WHEREAS, The parties of this Agreement (hereinafter: the "Parties") are
parties to a contract of January 1988 (hereinafter: the
"Contract") concerning the funding of further development of the
system for identifying defects in printed circuits; and
WHEREAS, According to the Contract, Camtek undertook to pay P.C.B.
royalties out of the sale of Camtec's systems according to a
calculation varying according to sales; and
WHEREAS, No date for the termination of the payment of royalties was set
in the Contact; and
WHEREAS, The Parties have agreed to fix the period for the payment of
royalties according to the Contract at 10 years from the date of
the commencement of the sale of the above system;
Therefore, it is declared, agreed and stipulated between the parties as
follows:
Camtek will pay royalties to P.C.B. according to the Contract until December 30,
1999 and thereafter, Camtek will no longer be committed to pay any royalties to
P.C.B. in respect of the sale of the systems and P.C.B. will not be entitled to
any further payment of royalties from the sale of Camtek's systems.
(signed) (signed)
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Camtek Ltd. P.C.B. Ltd.
