IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: ELECTROGLAS, INC., et al., Debtors.

: : : : : : : Chapter 11 Case No. 09-12416 (PJW) (Jointly Administered) Related to Docket Nos. 455 and 482

RESERVATION OF RIGHTS OF FORMFACTOR, INC. REGARDING DEBTORS JOINT PLAN OF LIQUIDATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE Formfactor, Inc., (Formfactor), by and through its undersigned counsel, hereby reserves its rights with respect to the Debtors Plan of Liquidation under Chapter 11 of the Bankruptcy Code (the Plan), and in support thereof respectfully states as follows: 1. Formfactor is a beneficial owner of certain 6.25% fixed-rate, subordinated,

convertible secured notes issued by Electroglas, Inc. pursuant to an indenture dated March 26, 2007 (the Notes). The Plan classifies, Formfactors Note claims in Class 21 (Secured

Noteholder Claims), Class 3 (Superpriority Claims), and Class 4 (Deficiency Claims). 2. Formfactor voted to accept the Plan in each capacity. With respect to its Class 3

claim, Formfactor voted to accept the Plan, despite the fact that Formfactor will be receiving less than cash in the full amount of its Superpriority Claim. Formfactor understands that the Debtors have projected they will be able to pay all administrative claims without any further use of the Noteholders encumbered cash collateral. 3. However, to the extent that additional administrative claims are allowed by the

Court and the Debtors are unable to pay all administrative claims (other than Class 3 claims) in full with its current budget, Formfactor does not consent to further use of its cash collateral.
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Terms not otherwise defined shall have the meaning ascribed to them in the Plan.

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Additionally, to the extent any administrative claims are allowed in excess of that

projected by the Debtors, Formfactor reserves its right to withdraw its Class 3 ballot or change its vote from an accept to a reject. 5. Formfactor further reserves all of its rights to object to confirmation of the

Debtors Plan at the confirmation hearing.

Dated: May 19, 2010 Wilmington, Delaware

Respectfully submitted, EDWARDS ANGELL PALMER & DODGE LLP By: /s/ R. Craig Martin Stuart M. Brown (Del. Bar. No. 4050) R. Craig Martin (Del. Bar. No.5032) 919 North Market Street, Suite 1500 Wilmington, Delaware 19801 Telephone: 302.425.7106 Facsimile: 302.777.7263 sbrown@eapdlaw.com rcmartin@eapdlaw.com

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CERTIFICATE OF SERVICE I, R. Craig Martin, do hereby certify that on May 19, 2010, I caused a true and correct copy of the attached Reservation of Rights of Formfactor, Inc. Regarding Debtors Joint Plan of Liquidation Under Chapter 11 of the Bankruptcy Code to be served on the parties listed below via first class mail or via hand delivery on local counsel. /s/ R. Craig Martin_____________ R. Craig Martin (#5032) VIA HAND DELIVERY Fox Rothschild LLP Attn: L. Jason Cornell 919 N. Market Street, Suite 1300 Wilmington, DE 19899-1709 VIA HAND DELIVERY Pepper Hamilton LLP Attn: David B. Stratton Attn: James C. Carignan Hercules Plaza Suite 5100 1313 N. Market Street Wilmington, DE 19899-1709 VIA HAND DELIVERY Womble Carlyle Sandridge & Rice, PLLC Attn: Matthew P. Ward 222 Delaware Avenue Suite 1501 Wilmington, DE 19801 VIA FIRST CLASS MAIL Morrison & Foerster LLP Attn: G. Larry Engel 425 Market Street San Francisco, CA 94105 VIA FIRST CLASS MAIL Morrison & Foerster LLP Attn: James J. DeCristofaro 1290 Avenue of the Americas New York, NY 10019 VIA HAND DELIVERY Office of the United States Trustee Attn: Jane Leamy 844 King Street Room 2313 Wilmington, DE 19801

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