0001193125-06-069376 Sample Contracts

FIRST AMENDMENT TO BUILDING LEASE AGREEMENT
Building Lease Agreement • March 31st, 2006 • Magnachip Semiconductor LLC • Semiconductors & related devices

This First Amendment to Building Lease Agreement (this “Amendment”) is entered into as of December 30, 2005 by and between Hynix Semiconductor, Inc. (“Lessee”) and MagnaChip Semiconductor Ltd. (“Lessor”) (each a “Party”, and collectively the “Parties”).

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FIRST AMENDMENT TO R & D EQUIPMENT UTILIZATION AGREEMENT
Equipment Utilization Agreement • March 31st, 2006 • Magnachip Semiconductor LLC • Semiconductors & related devices

This First Amendment to R & D Equipment Utilization Agreement (this “Amendment”) is entered into as of December 30, 2005 by and between Hynix Semiconductor, Inc. (“Hynix”) and MagnaChip Semiconductor Ltd. (“NewCo”) (each a “Party”, and collectively the “Parties”).

THIRD AMENDMENT TO CREDIT AGREEMENT
Credit Agreement • March 31st, 2006 • Magnachip Semiconductor LLC • Semiconductors & related devices • New York

THIS THIRD AMENDMENT TO CREDIT AGREEMENT (as the same may be amended, restated, supplemented, extended or otherwise modified from time to time, this “Amendment”) is entered into as of March 27, 2006, by and among MAGNACHIP SEMICONDUCTOR S.A., a société anonyme, organized and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 74, rue de Merl, B.P. 709, L-2017 Luxembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Register of commerce and companies under the number B 97,483, MAGNACHIP SEMICONDUCTOR FINANCE COMPANY, a Delaware corporation (collectively, “Borrowers”), MAGNACHIP SEMICONDUCTOR LLC, a Delaware limited liability company (“Holdings”), the Subsidiary Guarantors listed on the signature pages hereto (each of Borrowers, Holdings and Subsidiary Guarantors are sometimes referred to herein as a “Loan Party” and, collectively, as the “Loan Parties”), the Lenders and UBS AG, STAMFORD BRANCH, as administrative agent (in such capacity,

Merger Agreement
Merger Agreement • March 31st, 2006 • Magnachip Semiconductor LLC • Semiconductors & related devices

ISRON CORPORATION (“ISRON”) located in Shin-Osaka MT Building Number 2, 3-5-36, Miyahara, Yodogawa-ku, Osaka-shi and MagnaChip Semiconductor Inc (“MagnaChip”) located Teikoku Hotel Tower 15F, 1-1-1, Uchisaiwai-cho, Chiyoda-ku Tokyo hereby enter into this Merger Agreement (the “Merger Agreement”) as follows:

FIRST AMENDMENT TO IT & FA SERVICE AGREEMENT
Fa Service Agreement • March 31st, 2006 • Magnachip Semiconductor LLC • Semiconductors & related devices

This First Amendment to IT & FA Service Agreement (this “Amendment”) is entered into as of December 30, 2005 by and between Hynix Semiconductor, Inc. (“Hynix”) and MagnaChip Semiconductor Ltd. (“NewCo”) (each a “Party”, and collectively the “Parties”).

FIRST AMENDMENT TO GENERAL SERVICE SUPPLY AGREEMENT
General Service Supply Agreement • March 31st, 2006 • Magnachip Semiconductor LLC • Semiconductors & related devices

This First Amendment to General Service Supply Agreement (this “Amendment”) is entered into as of December 30, 2005 by and between Hynix Semiconductor, Inc. (“Hynix”) and MagnaChip Semiconductor Ltd. (“NewCo”) (each a “Party”, and collectively the “Parties”).

FIRST AMENDMENT TO LAND LEASE AND EASEMENT AGREEMENT
Land Lease and Easement Agreement • March 31st, 2006 • Magnachip Semiconductor LLC • Semiconductors & related devices

This First Amendment to Land Lease and Easement Agreement (this “Amendment”) is entered into as of December 30, 2005 by and between Hynix Semiconductor, Inc. (“Lessor”) and MagnaChip Semiconductor Ltd. (“Lessee”) (each a “Party”, and collectively the “Parties”).

AGREEMENT AND PLAN OF MERGER by and between a California corporation, and MAGNACHIP SEMICONDUCTOR, INC., a Delaware corporation
Agreement and Plan of Merger • March 31st, 2006 • Magnachip Semiconductor LLC • Semiconductors & related devices

This Agreement and Plan of Merger (this “Agreement”) dated as of November 17, 2005 is by and between IC Media Corporation, a California corporation (hereinafter sometimes called “IC Media”), and MagnaChip Semiconductor, Inc., a Delaware corporation (hereinafter sometimes called “MagnaChip”). IC Media and MagnaChip are sometimes hereinafter referred to as the “Constituent Corporations.”

FIRST AMENDMENT TO MASK PRODUCTION AND SUPPLY AGREEMENT
Mask Production and Supply Agreement • March 31st, 2006 • Magnachip Semiconductor LLC • Semiconductors & related devices

This First Amendment to Mask Production and Supply Agreement (this “Amendment”) is entered into as of December 30, 2005 by and between Hynix Semiconductor, Inc. (the “Supplier”) and MagnaChip Semiconductor Ltd. (the “Purchaser”) (each a “Party”, and collectively the “Parties”).

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