CONFIDENTIAL TREATMENT REQUESTED -- CONFIDENTIAL PORTIONS OF THIS DOCUMENT HAVE BEEN REDACTED AND HAVE BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION
CONFIDENTIAL
TREATMENT REQUESTED
--
CONFIDENTIAL
PORTIONS OF THIS DOCUMENT HAVE BEEN REDACTED AND HAVE BEEN SEPARATELY
FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION
|
Between
SunPower
Corporation
0000
Xxxxx Xxxxx Xxxxxx
Xxx Xxxx,
XX 00000
XXX
Hereinafter
called “SunPower”
And
Solon AG
für Solartechnik
Xxxxxxxxxxx
00
00000
Xxxxxx
Xxxxxxx
Hereinafter
called “Solon”
(SunPower
and Solon are hereinafter collectively referred to as the “Parties” and
individually as a “Party”).
Effective
as of the last signature to this Amendment Agreement (the “Effective Date”), the
Parties agree to amend the existing terms of their relationship as set forth in
the Supply Agreement dated and signed by the Parties on April 14, 2005 (“Supply
Agreement”), as follows. Capitalized terms used and not otherwise
defined below have the meanings set forth in the Supply Agreement.
1.
|
The
Parties acknowledge that SunPower fell short in delivery of Product to
Solon in 2007 due to silicon shortage and production
constraints. This resulted in a shortfall of SunPower’s
principal repayment to Solon on the balance of Advances (the
“Shortfall”). The parties have agreed to settle any and all
claims with respect to amounts owed by SunPower as a result of this
shortfall through SunPower’s transfer of the following amounts to Solon by
March 17th.
|
·
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Advance
Principal
Repayment €
***
|
TOTAL €
***
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Subject
to its receipt of the above amounts, Solon hereby releases SunPower from
any and all claims in may otherwise have under the Supply Agreement as a
result of the Shortfall. Missing product as a result of the
short fall will be delivered additionally in accordance with chapter 3.3
of the Supply Agreement.
|
Berlin, San
Xxxx,
/s/
XXXXXX XXXXXX
Solon
AG SunPower
Corporation
Date: 5th
March
2008 5th
March 2008
*** CONFIDENTIAL
MATERIAL REDACTED AND SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION.