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    <td align="center"><font face="Times New Roman, Times, Serif"><font size="2"><b>As
      filed with the Securities and Exchange Commission on January 16, 2004</b></font></font></td>
  </tr>
  <tr>
    <td align="right"><font face="Times New Roman, Times, Serif"><font size="2"><b>Registration
      No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b></font></font></td>
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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="3"><B>SECURITIES
AND EXCHANGE COMMISSION  <BR>
Washington, D.C. 20549  <BR>
Form S-8  <BR>
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933  <BR><br>

NPTest Holding Corporation</B>  <BR>
<i>(Exact name of Registrant as
specified in its charter)</i></FONT></FONT></P>

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    <TH COLSPAN="2"></TH>
    <TH COLSPAN="2"></TH>
  </TR>
  <TR VALIGN="BOTTOM">
    <TD WIDTH="54%" ALIGN="center"><strong><font size="2" face="Times New Roman, Times, serif">Delaware</font></strong></TD>
    <TD WIDTH="5%" ALIGN="center">&nbsp;</TD>
    <TD WIDTH="39%" ALIGN="center"><strong><font size="2" face="Times New Roman, Times, serif">37-1469466</font></strong></TD>
    <TD WIDTH="2%" ALIGN="LEFT">&nbsp;</TD>
  </TR>
  <TR VALIGN="BOTTOM">
    <TD ALIGN="center"><em><font size="2" face="Times New Roman, Times, serif">(State
      of other jurisdiction of</font></em></TD>
    <TD ALIGN="center">&nbsp;</TD>
    <TD ALIGN="center"><em><font size="2" face="Times New Roman, Times, serif">(I.R.S.
      Employer</font></em></TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
  </TR>
  <TR VALIGN="BOTTOM">
    <TD ALIGN="center"><em><font size="2" face="Times New Roman, Times, serif">&nbsp;incorporation
      or organization)</font></em></TD>
    <TD ALIGN="center">&nbsp;</TD>
    <TD ALIGN="center"><em><font size="2" face="Times New Roman, Times, serif">Identification
      Number)</font></em></TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
  </TR>
</TABLE>
<br>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
  <TR align="center" valign="bottom">
    <TD> <font size="2"><B><font size="2"><B><FONT face="serif">150 Baytech Drive</FONT></B></font><br>
      <FONT face="serif">San Jose, CA </FONT><font size="2"><b><font face="serif">95134</font></b></font></B></font>
      <font size="2"><B></B></font></TD>
  </TR>
  <TR align="center">
    <TD><em><FONT size=2 face="serif">(Address, including zip code, of registrant's
      principal executive offices)</FONT></em></TD>
  </TR>
  <TR align="center">
    <TD>&nbsp;</TD>
  </TR>
  <TR align="center">
    <TD><font face="Times New Roman, Times, Serif"><font size="2"><strong>NPTest Holding Corporation 2003<br>
      Stock
      Incentive Plan</strong><br>
      <em>(Full Title of the Plan) </em></font></font></TD>
  </TR>
  <TR align="center">
    <TD>&nbsp;</TD>
  </TR>
  <TR align="center">
    <TD><font face="Times New Roman, Times, Serif"><font face="Times New Roman, Times, Serif"><font size="2"><strong>Corporation
      Service Company <br>
      2711 Cen</strong></font></font><strong><font size="2">terville Road, Suite
      400 <br>
      Wilmington, DE 19808 <br>
      (800) 927-9800 </font></strong><font size="2"><br>
      <em>(Name, address, including zip code and telephone number, including area
      code, of agent for service)</em></font></font> </TD>
  </TR>
  <TR align="center">
    <TD>&nbsp;</TD>
  </TR>
</TABLE>


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    <TD colspan="3" ALIGN="center"><strong><font size="2" face="Times New Roman, Times, serif">
      _________________ </font></strong><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
  </TR>
  <TR VALIGN="BOTTOM">
    <TD colspan="3" ALIGN="center"><em><strong><font size="2" face="Times New Roman, Times, serif">Copies
      to: </font></strong></em></TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
  </TR>
  <TR VALIGN="BOTTOM">
    <TD WIDTH="45%" ALIGN="center"><font size="2" face="Times New Roman, Times, serif"><strong>Leslie Weise, Esq.</strong></font></TD>
    <TD WIDTH="10%" ALIGN="center">&nbsp;</TD>
    <TD WIDTH="45%" ALIGN="center"><strong><font size="2" face="Times New Roman, Times, serif">Alan F. Denenberg, Esq</font></strong></TD>
    <TD WIDTH="2%" ALIGN="LEFT">&nbsp;</TD>
  </TR>
  <TR VALIGN="BOTTOM">
    <TD width="45%" ALIGN="center"><font size="2" face="Times New Roman, Times, serif"><strong>NPTest Holding Corporation</strong></font></TD>
    <TD width="10%" ALIGN="center">&nbsp;</TD>
    <TD width="45%" ALIGN="center"><strong><font size="2" face="Times New Roman, Times, serif">&nbsp;Davis Polk &amp; Wardwell</font></strong></TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
  </TR>
  <TR VALIGN="BOTTOM">
    <TD width="45%" ALIGN="center"><font size="2" face="Times New Roman, Times, serif"><strong>150 Baytech Drive</strong></font></TD>
    <TD width="10%" ALIGN="center">&nbsp;</TD>
    <TD width="45%" ALIGN="center"><strong><font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;1600 El Camino Real</font></strong></TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
  </TR>
  <TR VALIGN="BOTTOM">
    <TD width="45%" ALIGN="center"><font size="2" face="Times New Roman, Times, serif"><strong>San Jose, CA 95134</strong></font></TD>
    <TD width="10%" ALIGN="center">&nbsp;</TD>
    <TD width="45%" ALIGN="center"><strong><font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;Menlo Park, CA 94025</font></strong></TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
  </TR>
  <TR VALIGN="BOTTOM">
    <TD width="45%" ALIGN="center"><font size="2" face="Times New Roman, Times, serif"><strong>Telephone (408) 586-8200</strong></font></TD>
    <TD width="10%" ALIGN="center">&nbsp;</TD>
    <TD width="45%" ALIGN="center"><strong><font size="2" face="Times New Roman, Times, serif">Telephone (650) 752-2000</font></strong></TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
  </TR>
  <TR VALIGN="BOTTOM">
    <TD width="45%" ALIGN="center">&nbsp;</TD>
    <TD width="10%" ALIGN="center">&nbsp;</TD>
    <TD width="45%" ALIGN="center"><strong><font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;Fax (650) 752-2111</font></strong></TD>
  </TR>
</TABLE>
<div align="center"><br>
  <strong><font size="2">CALCULATION OF REGISTRATION FEE </font></strong> </div>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="35%" align="left">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="center" valign="bottom">
    <td width="35%"><strong><font size="1" face="Times New Roman, Times, serif">Title
      of Each Class of Securities to be Registered</font></strong>
      <hr width=100% size=1 color=BLACK noshade>
      <strong><font size="1" face="Times New Roman, Times, serif"> </font> </strong>
    </td>
    <td>&nbsp;</td>
    <td><strong><font size="1" face="Times New Roman, Times, serif">Amount to
      be<br>
      Registered(1) </font> </strong> <hr width=100% size=1 color=BLACK noshade></td>
    <td>&nbsp;</td>
    <td><strong><font size="1" face="Times New Roman, Times, serif">Proposed Maximum<br>
      Offering Price <br>
      Per Share </font> </strong>
      <hr width=100% size=1 color=BLACK noshade></td>
    <td>&nbsp;</td>
    <td><strong><font size="1" face="Times New Roman, Times, serif">Proposed Maximum<br>
      Aggregate Offering<br>
      Price </font> </strong> <hr width=100% size=1 color=BLACK noshade></td>
    <td>&nbsp;</td>
    <td><strong><font size="1" face="Times New Roman, Times, serif">Amount of<br>
      Registration Fee </font> </strong> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="35%" align="left"><font size="2" face="Times New Roman, Times, serif">Common
      Stock, par value $0.001 per share</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="Times New Roman, Times, serif">3,321,851
      shares<br>
      500,000 shares</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="Times New Roman, Times, serif">$&nbsp;8.32
      (2)<br>
      $11.40 (3)</font></td>
    <td align="right"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="Times New Roman, Times, serif">$27,624,445<br>
      $&nbsp;&nbsp;5,700,000</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="Times New Roman, Times, serif">$2,235<br>
      $461</font></td>
  </tr>
  <tr>
    <td width="35%" align="left">
      <hr width=100% size=1 color=BLACK noshade> </td>
    <td><font size="2" face="Times New Roman, Times, serif">
      <hr width=100% size=1 color=BLACK noshade>
      </font></td>
    <td align="right"><font size="2" face="Times New Roman, Times, serif">
      <hr width=100% size=1 color=BLACK noshade>
      </font></td>
    <td><font size="2" face="Times New Roman, Times, serif">
      <hr width=100% size=1 color=BLACK noshade>
      </font></td>
    <td align="right"><hr width=100% size=1 color=BLACK noshade></td>
    <td align="right"><font size="2" face="Times New Roman, Times, serif">
      <hr width=100% size=1 color=BLACK noshade>
      </font></td>
    <td align="right"><hr width=100% size=1 color=BLACK noshade></td>
    <td><font size="2" face="Times New Roman, Times, serif">
      <hr width=100% size=1 color=BLACK noshade>
      </font></td>
    <td align="right"><hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="35%" align="left"><font size="2" face="Times New Roman, Times, serif">Total</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="Times New Roman, Times, serif">3,821,851
      shares</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="Times New Roman, Times, serif">$33,324,445</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="right"><font size="2" face="Times New Roman, Times, serif">$2,696</font></td>
  </tr>
  <tr>
    <td width="35%" align="left">
      <hr width=100% size=1 color=BLACK noshade> </td>
    <td><font size="2" face="Times New Roman, Times, serif">
      <hr width=100% size=1 color=BLACK noshade>
      </font></td>
    <td align="right"><font size="2" face="Times New Roman, Times, serif">
      <hr width=100% size=1 color=BLACK noshade>
      </font></td>
    <td><font size="2" face="Times New Roman, Times, serif">
      <hr width=100% size=1 color=BLACK noshade>
      </font></td>
    <td align="right"><hr width=100% size=1 color=BLACK noshade></td>
    <td align="right"><font size="2" face="Times New Roman, Times, serif">
      <hr width=100% size=1 color=BLACK noshade>
      </font></td>
    <td align="right"><hr width=100% size=1 color=BLACK noshade></td>
    <td><font size="2" face="Times New Roman, Times, serif">
      <hr width=100% size=1 color=BLACK noshade>
      </font></td>
    <td align="right"><hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="35%" align="left">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
  </tr>
</table>





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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"> (1)
  Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the &#147;Securities
  Act&#148;), this Registration Statement shall also cover any additional shares
  of the Registrant&#146;s Common Stock that become issuable under the plans by
  reason of any stock dividend, stock split, or other similar transaction. </FONT></FONT></P>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(2)
  Calculated in accordance with Rule 457(h) based on a weighted average exercise
  price per share at which the outstanding options may be exercised.</FONT></FONT> </P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(3) Estimated
in accordance with Rule 457(a) and (h) solely for the purpose of calculating the
registration fee,  based upon the average of the high and low prices of  the Registrant&#146;s Common Stock on January 12, 2004, as reported by the Nasdaq National Market.</FONT></FONT> </P>



<br>

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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>PART II<BR>
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
</B></FONT></FONT></P>



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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>Item 3:
Incorporation of Documents by Reference.</B></FONT></FONT></P>

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<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">The
following documents and information heretofore filed with the Securities and Exchange
Commission are  hereby incorporated by reference:</FONT></FONT> </P>

<!-- MARKER FORMAT-SHEET="Para" -->
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(a)
The Registrant&#146;s Registration Statement on Form S-1 (Registration No. 333-108664),
as amended, filed  under the Securities Act, including the Prospectus dated December 11,
2003, as filed by the Registrant pursuant  to Rule 424 on December 12, 2003.</FONT></FONT> </P>

<!-- MARKER FORMAT-SHEET="Para" -->
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(b)
The description of the Registrant&#146;s common stock contained in its Registration
Statement on Form 8-A,  filed on December 10, 2003, pursuant to Section 12(g) of the
Exchange Act, including any amendment or report  filed for the purpose of updating such
description.</FONT></FONT> </P>

<!-- MARKER FORMAT-SHEET="Para" -->
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">All
documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and
15(d) of the  Exchange Act, prior to the filing of a post-effective amendment which
indicates that all securities offered have  been sold or which deregisters all securities
then remaining unsold, shall be deemed to be incorporated by  reference in this
Registration Statement and to be part hereof from the date of filing of such documents.</FONT></FONT> </P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>Item 4:
Description of Securities.</B></FONT></FONT></P>

<!-- MARKER FORMAT-SHEET="Para" -->
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Not
Applicable.</FONT></FONT> </P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>Item 5:
Interests of Named Experts and Counsel.</B></FONT></FONT></P>

<!-- MARKER FORMAT-SHEET="Para" -->
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Not
Applicable.</FONT></FONT> </P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>Item 6.
Indemnification of Directors and Officers.</B></FONT></FONT></P>

<!-- MARKER FORMAT-SHEET="Para" -->
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Section
145 of the Delaware General Corporation Law provides that a corporation may indemnify
directors and  officers as well as other employees and individuals against expenses
(including attorneys&#146; fees), judgments,  fines and amounts paid in settlement
actually and reasonably incurred by such person in connection with any  threatened,
pending or completed actions, suits or proceedings in which such person is made a party
by reason of  such person being or having been a director, officer, employee or agent to
NPTest Holding Corporation. The  Delaware General Corporation Law provides that Section
145 is not exclusive of other rights to which those  seeking indemnification may be
entitled under any bylaw, agreement, vote of stockholders or disinterested  directors or
otherwise.</FONT></FONT> </P>

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<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Section
102(b)(7) of the Delaware General Corporation Law permits a corporation to provide in its
certificate  of incorporation that a director of the corporation shall not be personally
liable to the corporation or its  stockholders for monetary damages for breach of
fiduciary duty as a director, except for liability for any breach  of the director&#146;s
duty of loyalty to the corporation or its stockholders, for acts or omissions not in good
faith  or which involve intentional misconduct or a knowing violation of law, for
unlawful payments of dividends or  unlawful stock repurchases, redemptions or other
distributions, or for any transaction from which the director  derived an improper
personal benefit.</FONT></FONT> </P>

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<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Article
  8 of NPTest Holding Corporation&#146;s Amended and Restated Certificate of Incorporation
  to be effective on closing of the offering provides that a director of NPTest
  Holding Corporation shall not be liable to NPTest Holding Corporation or its
  stockholders for monetary damages for breach of fiduciary duty as a director
  to the fullest extent permitted by Delaware law. In addition, Article 8 of NPTest
  Holding Corporation&#146;s Amended and Restated Certificate of Incorporation
  provides that each person (and the heirs, executors or administrators of such
  person) who was or is a party or is threatened to be made a party to, or is
  involved in any threatened, pending or completed action, suit or proceeding,
  whether civil, criminal, administrative or investigative, by reason of the fact
  that such person is or was a director of NPTest Holding Corporation or is or
  was serving at the request of NPTest Holding Corporation as a director of another
  corporation, partnership, joint venture, trust or other enterprise, shall be
  indemnified and held harmless by NPTest Holding Corporation to the fullest extent
  permitted by Delaware law. The right to indemnification conferred in Article
  8 also includes the right to be paid by NPTest Holding Corporation the</FONT></FONT>
</P>

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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">2</FONT></FONT> </P>
<br>
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<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"> expenses incurred in connection with any
such proceeding in advance of its  final disposition to the fullest extent authorized by
Delaware law.</FONT></FONT>
<!-- MARKER FORMAT-SHEET="Para" -->
<p align="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman, Times, Serif"><font size="2">Article
  8 of NPTest Holding Corporation&#146;s Amended and Restated Certificate of Incorporation
  to be effective on closing of the offering provides that NPTest Holding Corporation
  shall have power to purchase and maintain insurance on behalf of any person
  who is or was a director, officer, employee or agent of NPTest Holding Corporation
  or is or was serving at the request of NPTest Holding Corporation as a director,
  officer, employee or agent of another corporation, partnership, joint venture,
  trust or other enterprise against any expense, liability or loss incurred by
  such person in any such capacity or arising out of his status as such, whether
  or not NPTest Holding Corporation would have the power to indemnify him against
  such liability under Delaware law.</font></font> </p>
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">We
also entered into indemnification agreements with our directors and officers. The
indemnification  agreements provide indemnification to our directors and officers under
certain circumstances for acts or  omissions which may not be covered by directors&#146; and
officers&#146; liability insurance. We have also obtained  directors&#146; and officers&#146; liability
insurance, which insures against liabilities that our directors or officers  may incur in
such capacities.</FONT></FONT> </P>

<!-- MARKER FORMAT-SHEET="Left Head Bold" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>Item 7:
Exemption From Registration Claimed.</B></FONT></FONT></P>

<!-- MARKER FORMAT-SHEET="Para" -->
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Not
  Applicable.</FONT></FONT> <br>
</P>
<P ALIGN="center"><font size="2" face="Times New Roman, Times, serif">3</font></P>







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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>Item 8:
Exhibits.</B></FONT></FONT></P>

<font size="2" face="Times New Roman, Times, serif">The following exhibits are
filed as part of this Registration Statement: </font><br>

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  <TR VALIGN="bottom">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
  </TR>
  <TR VALIGN="bottom">
    <TD WIDTH="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD WIDTH="5%" ALIGN="RIGHT"><strong><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Exhibit<br>
      Number

    </FONT></FONT></strong></TD>
    <TD WIDTH="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD WIDTH="94%" align="center">
      <strong><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">
      Description</FONT></FONT></strong></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="RIGHT"><hr align="left" width=100% size=1 noshade color="#000000">      </TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD><hr align="left" width=100% size=1 noshade color="#000000">      </TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="RIGHT"><font face="Times New Roman, Times, Serif"><font size="2">5.1
      </font></font></TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD><font face="Times New Roman, Times, Serif"><font size="2"> Opinion of
      Davis Polk &amp; Wardwell </font></font></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="RIGHT"><font face="Times New Roman, Times, Serif"><font size="2">23.1</font></font></TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD><font face="Times New Roman, Times, Serif"><font size="2"> Consent of
      PricewaterhouseCoopers LLP, independent auditors, relating to the financial
      statements of NPTest Holding Corporation </font></font> </TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="RIGHT"><font face="Times New Roman, Times, Serif"><font size="2">23.2
      </font></font></TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD><font face="Times New Roman, Times, Serif"><font size="2">Consent of PricewaterhouseCoopers
      LLP, independent auditors, relating to the financial statements of NPTest,
      Inc.</font></font></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="RIGHT"><font face="Times New Roman, Times, Serif"><font size="2">23.3
      </font></font></TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD><font face="Times New Roman, Times, Serif"><font size="2"> Consent of
      Davis Polk &amp; Wardwell (included in Exhibit 5.1) </font></font></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="RIGHT"><font face="Times New Roman, Times, Serif"><font size="2">24
      </font></font></TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD><font face="Times New Roman, Times, Serif"><font size="2">Power of Attorney
      (included on signature page)</font></font></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="RIGHT"><font face="Times New Roman, Times, Serif"><font size="2">99.1</font></font></TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD><font face="Times New Roman, Times, Serif"><font size="2"> NPTest Holding Corporation 2003 Stock
      Incentive Plan</font></font></TD>
  </TR>
</TABLE>
<BR>


<!-- MARKER FORMAT-SHEET="Left Head Bold" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>Item 9:
Undertakings.</B></FONT></FONT></P>

<!-- MARKER FORMAT-SHEET="Para" -->
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(a)
  &nbsp;&nbsp;The undersigned Registrant hereby undertakes:</FONT></FONT> </P>

<!-- MARKER FORMAT-SHEET="Para" -->
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(1)
To file, during any period in which offers or sales are being made, a post-effective
amendment  to this Registration Statement to include any material information with
respect to the plan of distribution not  previously disclosed in the Registration
Statement or any material change to such information in the Registration  Statement.</FONT></FONT> </P>

<!-- MARKER FORMAT-SHEET="Para" -->
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(2)
That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to
the securities offered  therein, and the offering of such securities at that time shall
be deemed to be the initial bona fide offering  thereof.</FONT></FONT> </P>

<!-- MARKER FORMAT-SHEET="Para" -->
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(3)
To remove from registration by means of a post-effective amendment any of the securities
being  registered which remain unsold at the termination of the offering.</FONT></FONT> </P>

<!-- MARKER FORMAT-SHEET="Para" -->
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(b)
The undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the  Securities Act, each filing of the Registrant&#146;s annual report
pursuant to Section 13(a) or Section 15(d) of the  Exchange Act (and, where applicable,
each filing of an employee benefit plan&#146;s annual report pursuant to Section  15(d)
of the Exchange Act) that is incorporated by reference in the Registration Statement
shall be deemed to be  a new registration statement relating to the securities offered
therein, and the offering of such securities at  that time shall be deemed to be the
initial bona fide offering thereof.</FONT></FONT> </P>

<!-- MARKER FORMAT-SHEET="Para" -->
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(c)
  Insofar as indemnification for liabilities arising under the Securities Act
  may be permitted to directors, officers and controlling persons of the Registrant
  pursuant to the provisions described under &#147;Item 6 -- Indemnification of
  Directors and Officers&#148; above, or otherwise, the Registrant has been advised
  that in the opinion of the Securities and Exchange Commission such indemnification
  is against public policy as expressed in the Securities Act and is, therefore,
  unenforceable. In the event that a claim for indemnification against such liabilities
  (other than the payment by the Registrant of expenses incurred or paid by a
  director, officer or controlling person of the Registrant in the successful
  defense of any action, suit or proceeding) is asserted by such director, officer
  or controlling person in connection with the securities being registered, the
  Registrant will, unless in the opinion of its counsel the matter has been settled
  by controlling precedent, submit to a court of appropriate jurisdiction the
  question whether such indemnification by it is against public policy as expressed
  in the Securities Act and will be governed by the final adjudication of such
  issue.</FONT></FONT> </P>
<P ALIGN="center"><font size="2" face="Times New Roman, Times, serif">4</font></P>








<br>
<hr size=3 color=GRAY noshade>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<br>
<br>
<div align="center"><br>
  <font size="2" face="Times New Roman, Times, serif"><strong>SIGNATURES
  <!-- MARKER FORMAT-SHEET="Para" -->
  </strong></font> </div>
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Pursuant
to the requirements of the Securities Act, NPTest Holding Corporation certifies
      that it has reasonable grounds to believe that it meets all of the requirements
      for filing on Form S-8 and has duly caused this registration statement
      to be signed on its behalf by the undersigned, thereunto duly authorized,
      in the City of San Jose, State of California, on January 16,
      2004.</FONT></FONT> </P>
<br>

<div align="right">
<table width="50%" border="0" cellspacing="0" cellpadding="0">
    <tr>
      <td colspan="3"><FONT size=2 face="serif">NPTest Holding Corporation</FONT></td>
    </tr>
    <tr>
      <td width="6%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td width="10%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td width="84%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    </tr>
    <tr>
      <td width="6%"><font size="2" face="Times New Roman, Times, serif">By:</font></td>
      <td colspan="2"><FONT size=2 face="serif">/s/ David Mullin </FONT></td>
    </tr>
    <tr>
      <td width="6%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td colspan="2"><hr align="left" width=60% size=1 noshade color="#000000"></td>
    </tr>
    <tr>
      <td width="6%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td width="10%"><font size="2" face="Times New Roman, Times, serif">Name:</font></td>
      <td width="84%"><FONT size=2 face="serif">David Mullin</FONT></td>
    </tr>
    <tr>
      <td width="6%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td width="10%"><font size="2" face="Times New Roman, Times, serif">Title:</font></td>
      <td width="84%"><font size="2" face="Times New Roman, Times, serif">Chief Financial Officer</font> </td>
    </tr>
  </table>
</div>
  <!-- MARKER FORMAT-SHEET="Para" -->
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Pursuant
to the  requirements  of the  Securities  Act,  this  registration  statement  has been
signed by the  following persons in the capacities and on the dates indicated.</FONT></FONT> </P>

<!-- MARKER FORMAT-SHEET="Para" -->
<P ALIGN="center"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">POWER
OF ATTORNEY</FONT></FONT> </P>

<!-- MARKER FORMAT-SHEET="Para" -->
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">KNOW
ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints Ashok  Belani and David Mullin, and each of them, his/her true and lawful
attorneys-in-fact and agents, with full power  of substitution and resubstitution, for
him/her and in his/her name, place and stead, in any and all capacities,  to sign any or
all amendments (including post-effective amendments) to this Registration Statement and
to file  the same, with all exhibits thereto and other documents in connection therewith,
with the Securities and Exchange  Commission, granting unto said attorneys-in-fact and
agents and each of them, full power and authority to do and  perform each and every act
and thing requisite and necessary to be done in and about the premises, as fully to  all
intents and purposes as he/she might or could do in person, hereby ratifying and
confirming all that said  attorneys-in-fact and agents or any of them, or their or
his/her substitute or substitutes, may lawfully do or  cause to be done by virtue hereof.</FONT></FONT> </P>
<br>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr align="center">
    <td width="35%"><strong><font size="2" face="Times New Roman, Times, serif">Signature<hr noshade size=1></font></strong></td>
    <td width="2%">&nbsp;</td>
    <td width="39%"><strong><font size="2" face="Times New Roman, Times, serif">Title<hr noshade size=1></font></strong></td>
    <td width="2%">&nbsp;</td>
    <td width="22%" align="center"><strong><font size="2" face="Times New Roman, Times, serif">Date</font></strong><hr noshade size=1></td>
  </tr>
  <tr>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center" valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">/s/</font> <font size="2" face="Times New Roman, Times, serif">Ashok Belani</font></td>
    <td align="center">&nbsp;</td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">President, Chief Executive Officer, and Director </font></td>
    <td>&nbsp;</td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">January&nbsp;16,
        2004 </font></td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">
      <hr noshade size=1>
    </font></td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center" valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td width="35%" align="center"><font size="2" face="Times New Roman, Times, serif">Ashok
      Belani</font></td>
    <td width="2%" align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center">&nbsp;</td>
    <td width="2%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center" valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">/s/ David
    Mullin</font></td>
    <td align="center">&nbsp;</td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">Chief Financial Officer</font></td>
    <td>&nbsp;</td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">January&nbsp;16,
        2004 </font></td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">
      <hr noshade size=1>
    </font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">David
      Mullin</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center">&nbsp;</td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center" valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">/s/ Jack
    Sexton </font></td>
    <td align="center">&nbsp;</td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">Controller and Chief Accounting Officer</font></td>
    <td>&nbsp;</td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">January&nbsp;16,
        2004 </font></td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">
      <hr noshade size=1>
    </font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">Jack
      Sexton </font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top">&nbsp;</td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td>&nbsp;</td>
    <td align="center" valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">/s/ Benjamin
    Ball</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">Director</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">January&nbsp;16,
        2004 </font></td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">
      <hr noshade size=1>
    </font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">Benjamin
      Ball</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top">&nbsp;</td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">/s/ Dipanjan
    Deb</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif"> Director</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">January&nbsp;16,
        2004 </font></td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">
      <hr noshade size=1>
    </font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">Dipanjan
      Deb</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top">&nbsp;</td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">/s/ Ajay
    Shah</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">Director</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">January&nbsp;16,
        2004 </font></td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">
      <hr noshade size=1>
    </font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">Ajay
      Shah</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top">&nbsp;</td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">/s/ John
    Sullivan</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">Director</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">January&nbsp;16,
        2004 </font></td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">
      <hr noshade size=1>
    </font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">John
      Sullivan</font></td>
    <td align="center"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top">&nbsp;</td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td align="center" valign="top">&nbsp;</td>
  </tr>
</table>
<br>

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    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD align="center"><font size="2" face="Times New Roman, Times, serif"><strong>EXHIBIT
      INDEX</strong></font></TD>
  </TR>
  <TR VALIGN="bottom">
    <TD WIDTH="5%" ALIGN="RIGHT"><strong><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Exhibit<br>
      Number

      </FONT></FONT></strong></TD>
    <TD WIDTH="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD WIDTH="94%" align="center">
            <strong><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">
      Description</FONT></FONT></strong></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT"><hr align="left" width=100% size=1 noshade color="#000000">      </TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD><hr align="left" width=100% size=1 noshade color="#000000">      </TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT"><font face="Times New Roman, Times, Serif"><font size="2">5.1
      </font></font></TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD><font face="Times New Roman, Times, Serif"><font size="2"> Opinion of
      Davis Polk &amp; Wardwell </font></font></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT"><font face="Times New Roman, Times, Serif"><font size="2">23.1</font></font></TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD><font face="Times New Roman, Times, Serif"><font size="2"> Consent of
      PricewaterhouseCoopers LLP, independent auditors, relating to the financial
      statements of NPTest Holding Corporation </font></font> </TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT"><font face="Times New Roman, Times, Serif"><font size="2">23.2
      </font></font></TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD><font face="Times New Roman, Times, Serif"><font size="2">Consent of PricewaterhouseCoopers
      LLP, independent auditors, relating to the financial statements of NPTest,
      Inc.</font></font></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT"><font face="Times New Roman, Times, Serif"><font size="2">23.3
      </font></font></TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD><font face="Times New Roman, Times, Serif"><font size="2"> Consent of
      Davis Polk &amp; Wardwell (included in Exhibit 5.1) </font></font></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT"><font face="Times New Roman, Times, Serif"><font size="2">24
      </font></font></TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD><font face="Times New Roman, Times, Serif"><font size="2">Power of Attorney
      (included on signature page)</font></font></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD width="5%" ALIGN="RIGHT"><font face="Times New Roman, Times, Serif"><font size="2">99.1</font></font></TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD><font face="Times New Roman, Times, Serif"><font size="2"> NPTest Holding Corporation 2003 Stock
      Incentive Plan</font></font></TD>
  </TR>
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[{"type": "S-8", "sequence": "1", "filename": "jan1604_s8.htm", "secsgml_size_bytes": 52335}]
{"company-data": {"conformed-name": "NPTEST HOLDING CORP", "cik": "0001261686", "assigned-sic": "3825", "irs-number": "000000000", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-111983", "film-number": "04530286"}, "mail-address": {"street1": "150 BAYTECH DRIVE", "city": "SAN JOSE", "state": "CA", "zip": "95134"}}
Untitled Document
As
      filed with the Securities and Exchange Commission on January 16, 2004
Registration
      No. 333-
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
NPTest Holding Corporation
(Exact name of Registrant as
specified in its charter)
Delaware
37-1469466
(State
      of other jurisdiction of
(I.R.S.
      Employer
incorporation
      or organization)
Identification
      Number)
150 Baytech Drive
San Jose, CA
95134
(Address, including zip code, of registrant's
      principal executive offices)
NPTest Holding Corporation 2003
Stock
      Incentive Plan
(Full Title of the Plan)
Corporation
      Service Company
2711 Cen
terville Road, Suite
      400
Wilmington, DE 19808
(800) 927-9800
(Name, address, including zip code and telephone number, including area
      code, of agent for service)
_________________
Copies
      to:
Leslie Weise, Esq.
Alan F. Denenberg, Esq
NPTest Holding Corporation
Davis Polk & Wardwell
150 Baytech Drive
1600 El Camino Real
San Jose, CA 95134
Menlo Park, CA 94025
Telephone (408) 586-8200
Telephone (650) 752-2000
Fax (650) 752-2111
CALCULATION OF REGISTRATION FEE
Title
      of Each Class of Securities to be Registered
Amount to
      be
Registered(1)
Proposed Maximum
Offering Price
Per Share
Proposed Maximum
Aggregate Offering
Price
Amount of
Registration Fee
Common
      Stock, par value $0.001 per share
3,321,851
      shares
500,000 shares
$ 8.32
      (2)
$11.40 (3)
$27,624,445
$  5,700,000
$2,235
$461
Total
3,821,851
      shares
$33,324,445
$2,696
(1)
  Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities
  Act"), this Registration Statement shall also cover any additional shares
  of the Registrant's Common Stock that become issuable under the plans by
  reason of any stock dividend, stock split, or other similar transaction.
(2)
  Calculated in accordance with Rule 457(h) based on a weighted average exercise
  price per share at which the outstanding options may be exercised.
(3) Estimated
in accordance with Rule 457(a) and (h) solely for the purpose of calculating the
registration fee,  based upon the average of the high and low prices of  the Registrant's Common Stock on January 12, 2004, as reported by the Nasdaq National Market.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3:
Incorporation of Documents by Reference.
The
following documents and information heretofore filed with the Securities and Exchange
Commission are  hereby incorporated by reference:
(a)
The Registrant's Registration Statement on Form S-1 (Registration No. 333-108664),
as amended, filed  under the Securities Act, including the Prospectus dated December 11,
2003, as filed by the Registrant pursuant  to Rule 424 on December 12, 2003.
(b)
The description of the Registrant's common stock contained in its Registration
Statement on Form 8-A,  filed on December 10, 2003, pursuant to Section 12(g) of the
Exchange Act, including any amendment or report  filed for the purpose of updating such
description.
All
documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and
15(d) of the  Exchange Act, prior to the filing of a post-effective amendment which
indicates that all securities offered have  been sold or which deregisters all securities
then remaining unsold, shall be deemed to be incorporated by  reference in this
Registration Statement and to be part hereof from the date of filing of such documents.
Item 4:
Description of Securities.
Not
Applicable.
Item 5:
Interests of Named Experts and Counsel.
Not
Applicable.
Item 6.
Indemnification of Directors and Officers.
Section
145 of the Delaware General Corporation Law provides that a corporation may indemnify
directors and  officers as well as other employees and individuals against expenses
(including attorneys' fees), judgments,  fines and amounts paid in settlement
actually and reasonably incurred by such person in connection with any  threatened,
pending or completed actions, suits or proceedings in which such person is made a party
by reason of  such person being or having been a director, officer, employee or agent to
NPTest Holding Corporation. The  Delaware General Corporation Law provides that Section
145 is not exclusive of other rights to which those  seeking indemnification may be
entitled under any bylaw, agreement, vote of stockholders or disinterested  directors or
otherwise.
Section
102(b)(7) of the Delaware General Corporation Law permits a corporation to provide in its
certificate  of incorporation that a director of the corporation shall not be personally
liable to the corporation or its  stockholders for monetary damages for breach of
fiduciary duty as a director, except for liability for any breach  of the director's
duty of loyalty to the corporation or its stockholders, for acts or omissions not in good
faith  or which involve intentional misconduct or a knowing violation of law, for
unlawful payments of dividends or  unlawful stock repurchases, redemptions or other
distributions, or for any transaction from which the director  derived an improper
personal benefit.
Article
  8 of NPTest Holding Corporation's Amended and Restated Certificate of Incorporation
  to be effective on closing of the offering provides that a director of NPTest
  Holding Corporation shall not be liable to NPTest Holding Corporation or its
  stockholders for monetary damages for breach of fiduciary duty as a director
  to the fullest extent permitted by Delaware law. In addition, Article 8 of NPTest
  Holding Corporation's Amended and Restated Certificate of Incorporation
  provides that each person (and the heirs, executors or administrators of such
  person) who was or is a party or is threatened to be made a party to, or is
  involved in any threatened, pending or completed action, suit or proceeding,
  whether civil, criminal, administrative or investigative, by reason of the fact
  that such person is or was a director of NPTest Holding Corporation or is or
  was serving at the request of NPTest Holding Corporation as a director of another
  corporation, partnership, joint venture, trust or other enterprise, shall be
  indemnified and held harmless by NPTest Holding Corporation to the fullest extent
  permitted by Delaware law. The right to indemnification conferred in Article
  8 also includes the right to be paid by NPTest Holding Corporation the
2
expenses incurred in connection with any
such proceeding in advance of its  final disposition to the fullest extent authorized by
Delaware law.
Article
  8 of NPTest Holding Corporation's Amended and Restated Certificate of Incorporation
  to be effective on closing of the offering provides that NPTest Holding Corporation
  shall have power to purchase and maintain insurance on behalf of any person
  who is or was a director, officer, employee or agent of NPTest Holding Corporation
  or is or was serving at the request of NPTest Holding Corporation as a director,
  officer, employee or agent of another corporation, partnership, joint venture,
  trust or other enterprise against any expense, liability or loss incurred by
  such person in any such capacity or arising out of his status as such, whether
  or not NPTest Holding Corporation would have the power to indemnify him against
  such liability under Delaware law.
We
also entered into indemnification agreements with our directors and officers. The
indemnification  agreements provide indemnification to our directors and officers under
certain circumstances for acts or  omissions which may not be covered by directors' and
officers' liability insurance. We have also obtained  directors' and officers' liability
insurance, which insures against liabilities that our directors or officers  may incur in
such capacities.
Item 7:
Exemption From Registration Claimed.
Not
  Applicable.
3
Item 8:
Exhibits.
The following exhibits are
filed as part of this Registration Statement:
Exhibit
Number
Description
5.1
Opinion of
      Davis Polk & Wardwell
23.1
Consent of
      PricewaterhouseCoopers LLP, independent auditors, relating to the financial
      statements of NPTest Holding Corporation
23.2
Consent of PricewaterhouseCoopers
      LLP, independent auditors, relating to the financial statements of NPTest,
      Inc.
23.3
Consent of
      Davis Polk & Wardwell (included in Exhibit 5.1)
24
Power of Attorney
      (included on signature page)
99.1
NPTest Holding Corporation 2003 Stock
      Incentive Plan
Item 9:
Undertakings.
(a)
    The undersigned Registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being made, a post-effective
amendment  to this Registration Statement to include any material information with
respect to the plan of distribution not  previously disclosed in the Registration
Statement or any material change to such information in the Registration  Statement.
(2)
That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to
the securities offered  therein, and the offering of such securities at that time shall
be deemed to be the initial bona fide offering  thereof.
(3)
To remove from registration by means of a post-effective amendment any of the securities
being  registered which remain unsold at the termination of the offering.
(b)
The undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the  Securities Act, each filing of the Registrant's annual report
pursuant to Section 13(a) or Section 15(d) of the  Exchange Act (and, where applicable,
each filing of an employee benefit plan's annual report pursuant to Section  15(d)
of the Exchange Act) that is incorporated by reference in the Registration Statement
shall be deemed to be  a new registration statement relating to the securities offered
therein, and the offering of such securities at  that time shall be deemed to be the
initial bona fide offering thereof.
(c)
  Insofar as indemnification for liabilities arising under the Securities Act
  may be permitted to directors, officers and controlling persons of the Registrant
  pursuant to the provisions described under "Item 6 -- Indemnification of
  Directors and Officers" above, or otherwise, the Registrant has been advised
  that in the opinion of the Securities and Exchange Commission such indemnification
  is against public policy as expressed in the Securities Act and is, therefore,
  unenforceable. In the event that a claim for indemnification against such liabilities
  (other than the payment by the Registrant of expenses incurred or paid by a
  director, officer or controlling person of the Registrant in the successful
  defense of any action, suit or proceeding) is asserted by such director, officer
  or controlling person in connection with the securities being registered, the
  Registrant will, unless in the opinion of its counsel the matter has been settled
  by controlling precedent, submit to a court of appropriate jurisdiction the
  question whether such indemnification by it is against public policy as expressed
  in the Securities Act and will be governed by the final adjudication of such
  issue.
4
SIGNATURES
Pursuant
to the requirements of the Securities Act, NPTest Holding Corporation certifies
      that it has reasonable grounds to believe that it meets all of the requirements
      for filing on Form S-8 and has duly caused this registration statement
      to be signed on its behalf by the undersigned, thereunto duly authorized,
      in the City of San Jose, State of California, on January 16,
      2004.
NPTest Holding Corporation
By:
/s/ David Mullin
Name:
David Mullin
Title:
Chief Financial Officer
Pursuant
to the  requirements  of the  Securities  Act,  this  registration  statement  has been
signed by the  following persons in the capacities and on the dates indicated.
POWER
OF ATTORNEY
KNOW
ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints Ashok  Belani and David Mullin, and each of them, his/her true and lawful
attorneys-in-fact and agents, with full power  of substitution and resubstitution, for
him/her and in his/her name, place and stead, in any and all capacities,  to sign any or
all amendments (including post-effective amendments) to this Registration Statement and
to file  the same, with all exhibits thereto and other documents in connection therewith,
with the Securities and Exchange  Commission, granting unto said attorneys-in-fact and
agents and each of them, full power and authority to do and  perform each and every act
and thing requisite and necessary to be done in and about the premises, as fully to  all
intents and purposes as he/she might or could do in person, hereby ratifying and
confirming all that said  attorneys-in-fact and agents or any of them, or their or
his/her substitute or substitutes, may lawfully do or  cause to be done by virtue hereof.
Signature
Title
Date
/s/
Ashok Belani
President, Chief Executive Officer, and Director
January 16,
        2004
Ashok
      Belani
/s/ David
    Mullin
Chief Financial Officer
January 16,
        2004
David
      Mullin
/s/ Jack
    Sexton
Controller and Chief Accounting Officer
January 16,
        2004
Jack
      Sexton
/s/ Benjamin
    Ball
Director
January 16,
        2004
Benjamin
      Ball
/s/ Dipanjan
    Deb
Director
January 16,
        2004
Dipanjan
      Deb
/s/ Ajay
    Shah
Director
January 16,
        2004
Ajay
      Shah
/s/ John
    Sullivan
Director
January 16,
        2004
John
      Sullivan
5
EXHIBIT
      INDEX
Exhibit
Number
Description
5.1
Opinion of
      Davis Polk & Wardwell
23.1
Consent of
      PricewaterhouseCoopers LLP, independent auditors, relating to the financial
      statements of NPTest Holding Corporation
23.2
Consent of PricewaterhouseCoopers
      LLP, independent auditors, relating to the financial statements of NPTest,
      Inc.
23.3
Consent of
      Davis Polk & Wardwell (included in Exhibit 5.1)
24
Power of Attorney
      (included on signature page)
99.1
NPTest Holding Corporation 2003 Stock
      Incentive Plan
6