Exhibit 10.32
Certain portions of this Exhibit, indicated in the text by [*], have been
omitted based upon a request for confidential treatment filed with the
Securities and Exchange Commission ("SEC"). The non-public information has
been filed separately with the SEC in connection with that request.
Product Specification Addendum
This Product Specification Addendum (Product Specification) is made
this 23rd day of April 2001 by and between Penford Products Company (Seller) and
Natural Solutions Corporation (Buyer) and attached by addendum to the Supply
Agreement (Agreement) dated the 6th day of April 2001.
Whereas, Buyer desires to buy and Seller desires to sell [*] products
(collectively "Products").
Now, Therefore, inconsideration of the premises and of the mutual
covenants and other terms and conditions contained herein, the parties hereto
agree as follows:
1. Product Terminology
(a) Both the Buyer and Seller agree that for the term of
this Product Specification the terminology used to
name each available product will be distinct and
individual for each of the Products supplied by the
Seller. [*]
2. [*]
3. [*]
[*]
4. Test Protocols and Methods
Seller agrees that in addition to the above statement referencing
Paragraph Six (6) of the Agreement the Seller will perform constituency testing
in accordance with the test methods and protocols specified in Paragraph VI.
Test Methods of the "Snow and Ice Control Chemical Products Specifications and
test Protocols for the PNS Consortium of British Columbia, Idaho, Montana,
Oregon and Washington", 1999 or latest version.
5. Right to Product Specification Revisions
Seller acknowledges that the Products as described herein are
designated for use in anti-icing and deicing products and as such are governed
by industry, private and governmental specifications. In agreement with this end
use classification Buyer reserves the right to revise the constituent levels
listed above in Paragraph Three (3) in accordance with changes to said
specifications. Product Specification changes will be modified, amended or
revised by a writing signed by both parties.
IN WITNESS WHEREOF, these parties have caused this Product
Specification Addendum to be executed by their authorized representatives on the
day and year first above written.
Natural Solutions Corporation Penford Products Company
By: /s/ Xxx Xxxxxx By: /s/ Xxxxx Xxxxx
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Its: President Its: Director of Risk Management
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