Exhibit 10.6
LAURUS MASTER FUND, LTD.
c/o M&C Corporate Services
Limited
P.O. Box 309 GT
Ugland House
South Church Street
George Town
Grand Cayman, Cayman Islands
March 29, 2007
Micro Component Technology, Inc.
2340 West County Road C
St. Paul, Minnesota 55113-2528
Attention:
Chief Financial Officer
Facsimile:
651-697-4200
Re:
Restricted Account: Account Number
_________________ ,
Account Name: _____________, maintained at North Fork Bank (the
“Restricted Account”).
Reference is made to (i) that
certain Securities Purchase Agreement, dated as of March 29, 2007
(as amended, restated, modified and/or supplemented from time to
time, the “Purchase Agreement”), by and between Micro
Component Technology, Inc., a Minnesota corporation (the
“Company”), and Laurus Master Fund, Ltd. (the
“Purchaser”) and (ii) that certain Restricted Account
Agreement, dated as of March 29, 2007 (as amended, restated,
modified and/or supplemented from time to time, the
“Restricted Account Agreement”), by and among the
Company, Laurus and North Fork Bank (the “Bank”).
Capitalized terms used but not defined herein shall have the
meanings ascribed them in the Purchase Agreement or the Restricted
Account Agreement, as applicable. Pursuant to the Section 3.2
of the Purchase Agreement, the Company is required to place
$964,500 in the Restricted Account, and, subject to the provisions
of this letter, the Purchase Agreement and any Related Agreement,
maintain such amount in the Restricted Account for as long as the
Purchaser shall have any oblig
