[Silicon Valley Bank Logo]

                               Silicon Valley Bank

                                3003 Tasman Drive

                             Santa Clara, Ca. 95054

                       (408) 654-1000 - Fax (408) 980-6410





                     ACCOUNTS RECEIVABLE PURCHASE AGREEMENT



         This Accounts  Receivable  Purchase Agreement (the "Agreement") is made

as of the Effective Date by and between  Silicon Valley Bank ("Buyer")  having a

place of business at the address specified above and Adept  Technology,  Inc., a

California  corporation,  ("Seller")  having its principal place of business and

chief executive office at 150 Rose Orchard Parkway,  San Jose,  California 95134

and with a FAX number of 408-434-5005.



1. Definitions.  When used herein,  the following terms shall have the following

meanings.



         "Account Balance" shall mean, on any given day, the gross amount of all

Purchased Receivables unpaid on that day.



         "Account  Debtor"  shall have the meaning  set forth in the  California

Uniform  Commercial  Code and shall  include any person  liable on any Purchased

Receivable,  including  without  limitation,  any  guarantor  of  the  Purchased

Receivable and any issuer of a letter of credit or banker's acceptance.



         "Adjustments" shall mean all discounts,  allowances, returns, disputes,

counterclaims,  offsets,  defenses,  rights of  recoupment,  rights  of  return,

warranty  claims,  or short  payments,  asserted  by or on behalf of any Account

Debtor with respect to any Purchased Receivable.



         "Advance" shall have the meaning set forth in Section 2.2 hereof.



         "Collateral" shall have the meaning set forth in Section 8 hereof.



         "Collections"  shall mean all good funds  received  by Buyer from or on

behalf of an Account Debtor with respect to Purchased Receivables.



         "Compliance  Certificate" shall mean a certificate,  in a form provided

by Buyer to Seller,  which  contains the  certification  of the chief  financial

officer of Seller that, among other things, the  representations  and warranties

set forth in this Agreement are true and correct as of the date such certificate

is delivered.



         "Effective Date" is the date Buyer executes this Agreement.



         "Event of  Default"  shall  have the  meaning  set  forth in  Section 9

hereof.



         "Finance  Charges"  shall have the  meaning  set forth in  Section  3.2

hereof.



         "Invoice  Transmittal"  shall  mean a writing  signed by an  authorized

representative  of Seller which  accurately  identifies  the  receivables  which

Buyer, at its election,  may purchase, and includes for each such receivable the

correct amount owed by the Account  Debtor,  the name and address of the Account

Debtor, the invoice number, the invoice date and the account code.



         "Obligations"  shall  mean  all  advances,   financial  accommodations,

liabilities, obligations, covenants and duties owing, arising, due or payable by

Seller to Buyer of any kind or nature,  present or future,  arising  under or in

connection  with  this  Agreement  or under any other  document,  instrument  or

agreement,  whether or not evidenced by any note, guarantee or other instrument,

whether  arising  on  account  or  by  overdraft,  whether  direct  or  indirect

(including  those  acquired by assignment)  absolute or  contingent,  primary or

secondary,  due or to become due,  now owing or hereafter  arising,  and however

acquired;   including,   without  limitation,  all  Advances,  Finance  Charges,

interest,  Repurchase Amounts, fees, expenses,  professional fees and attorneys'

fees and any other sums chargeable to Seller hereunder or otherwise.



         "Purchased  Receivables"  shall mean all those  accounts,  receivables,

chattel paper,  instruments,  contract rights,  documents,  general intangibles,

letters of credit, drafts,  bankers acceptances,  and rights to payment, and all

proceeds  thereof (all of the  foregoing  being  referred to as  "receivables"),

arising out of the invoices and other agreements identified on or delivered with

any Invoice  Transmittal  delivered  by Seller to Buyer  which  Buyer  elects to

purchase and for which Buyer makes an Advance.



         "Refund" shall have the meaning set forth in Section 3.5 hereof.



         "Reserve" shall have the meaning set forth in Section 2.4 hereof.



         "Repurchase  Amount"  shall have the  meaning  set forth in Section 4.2

hereof.



         "Reconciliation  Date"  shall  mean  the  last  calendar  day  of  each

Reconciliation Period.



         "Reconciliation Period" shall mean each calendar month of every year.





{PAGE}



2. Purchase and Sale of Receivables.



         2.1. Offer to Sell  Receivables.  During the term hereof,  and provided

that  there  does not then  exist any Event of  Default  or any event  that with

notice, lapse of time or otherwise would constitute an Event of Default,  Seller

may  request  that  Buyer  purchase  receivables  and  Buyer  may,  in its  sole

discretion,  elect to purchase  receivables.  Seller  shall  deliver to Buyer an

Invoice  Transmittal  with  respect to any  receivable  for which a request  for

purchase is made. An authorized representative of Seller shall sign each Invoice

Transmittal  delivered  to Buyer.  Buyer  shall be  entitled  to rely on all the

information  provided by Seller to Buyer on or with the Invoice  Transmittal and

to rely on the signature on any Invoice  Transmittal as an authorized  signature

of Seller.



         2.2.  Acceptance  of  Receivables.  Buyer shall have no  obligation  to

purchase any receivable listed on an Invoice Transmittal. Buyer may exercise its

sole discretion in approving the credit of each Account Debtor before buying any

receivable.  Upon acceptance by Buyer of all or any of the receivables described

on any  Invoice  Transmittal,  Buyer shall pay to Seller 70% percent of the face

amount of each receivable Buyer desires to purchase, net of deferred revenue and

offsets  related to each  specific  Account  Debtor.  Such payment  shall be the

"Advance" with respect to such receivable.  Buyer may, from time to time, in its

sole discretion,  change the percentage of the Advance.  Upon Buyer's acceptance

of the  receivable and payment to Seller of the Advance,  the  receivable  shall

become a  "Purchased  Receivable."  It shall be a condition to each Advance that

(i) all of the  representations  and  warranties  set forth in Section 6 of this

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