MORTGAGE SUPPLEMENT Mortgage Supplement No. 3
EXHIBIT 10.1
Mortgage Supplement No. 3
This Mortgage Supplement No. 3 (the “Supplement”), is entered into by and among SunPower Philippines Manufacturing Ltd., a foreign corporation duly licensed to do business under the laws of the Philippines with office address at 000 Xxxxx Xxxxxx, Xxxxx 0, Special Economic Zone, Laguna Technopark, Biñan Laguna (“SPML”), SPML Land, Inc., a corporation organized and existing under the laws of the Philippines with principal address at 000 Xxxx Xxxx Xxx., XXX Xxxxx Xxxxxx (“SPML Land” or, together with SPML, the “Mortgagors”, or, individually, each the “Mortgagor”); and the International Finance Corporation, an international organization established by the Articles of Agreement among its member countries including the Republic of Philippines ("IFC" or the “Mortgagee”).
WHEREAS, the Mortgagors and Mortgagee have executed and registered a Mortgage Agreement dated as of 6 May 2010 (the “Mortgage Agreement”), to secure the Obligations of the Mortgagors referred to in such agreement;
WHEREAS, the Mortgage Agreement provides that the Mortgagors and Mortgagee shall execute and register Mortgage Supplements for the purposes stated therein; and
WHEREAS, in fulfillment of the continuing obligation of the Mortgagors under the Mortgage Agreement, Loan Agreement, and Financing Documents each of the Mortgagors desires to execute this Mortgage Supplement with the Mortgagee.
NOW, THEREFORE, the parties hereto agree as follows:
1. | Unless otherwise defined in this Mortgage Supplement, (i) capitalized terms shall have the meanings set forth in the Loan Agreement and the Mortgage Agreement unless the context otherwise requires, and (ii) the principles of construction set forth in the Loan Agreement and the Mortgage Agreement shall apply. |
2. | The Mortgagors hereby confirm that (i) certain of the Assets identified and described as Future Chattel in the Mortgage Agreement have come into existence and/or have been acquired in ownership by a Mortgagor as of the date hereof (those certain assets to be herein called the “New Assets”), and (ii) the New Assets are now identified and more fully described in Schedule A to this Mortgage Supplement. |
3. | The Mortgagors hereby acknowledge and agree (i) that the Chattel Mortgage has been granted, created, established, and constituted on the New Assets in favor of Mortgagee and (ii) that such Chattel Mortgage are subject to the same provisions, terms, and conditions of the Mortgage Agreement as are applicable to the Mortgage on the Present Chattel thereunder, as fully and completely for all legal intents and purposes as if owned by the relevant Mortgagor on the date of execution of the Mortgage Agreement. |
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4. | The parties hereto confirm that the New Assets serve as security for payment of the Obligations to the extent of the amount stated in Section 3.01(c) (Creation of Chattel Mortgage) of the Mortgage Agreement, including interests, fees, and charges that may be due thereon. |
5. | Each of the Mortgagors undertakes, at Mortgagors' cost and expense, to register this Mortgage Supplement with the appropriate Registry of Deeds and, where necessary, other appropriate government agencies, in the Philippines in accordance with the Mortgage Agreement. |
IN WITNESS WHEREOF, the parties hereto have caused their duly authorized representative to execute and deliver this Supplement as of __________________.
SunPower Philippines Manufacturing Ltd. |
By: /s/ Jaxcha Ortmanns |
Name: Xxxxxx Xxxxxxxx |
Position: Vice President - Operations |
SPML Land, Inc. |
By: /s/ Xxxxxxxx Xxxxx |
Name: Xxxxxxxx Xxxxx |
Position: Treasurer/CFO |
International Finance Corporation |
By: /s/ Xxxxx X. Ang |
Name: Xxxxx X. Ang |
Position: Resident Representative |
Signed in the presence of
_________________________ _________________________
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AFFIDAVIT OF GOOD FAITH
We swear that the Chattel Mortgage embodied in the Mortgage Agreement, as amended and/or supplemented by the foregoing Mortgage Supplement, is made for the purpose of securing the obligations specified therein, and for no other purpose, and that the same are just and valid obligations not entered into for the purpose of fraud.
SunPower Philippines Manufacturing Ltd. |
By: /s/ Jaxcha Ortmanns |
Name: Xxxxxx Xxxxxxxx |
Position: Vice President - Operations |
SPML Land, Inc. |
By: /s/ Xxxxxxxx Xxxxx |
Name: Xxxxxxxx Xxxxx |
Position: Treasurer/CFO |
International Finance Corporation |
By: /s/ Xxxxx X. Ang |
Name: Xxxxx X. Ang |
Position: Resident Representative |
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ACKNOWLEDGMENT AND CERTIFICATION OF OATH
REPUBLIC OF THE PHILIPPINES )
) S.S.
BEFORE ME, a Notary Public for and in the above jurisdiction this ____ day of FEB 05 2013 personally appeared the following individual/s, representing the respective corporation/s indicated below his/their names:
Name | Passport No. | Issued at/on |
SunPower Philippines Manufacturing Ltd. represented by: Xxxxxx Xxxxxxxx | Deutsch | |
SPML Land, Inc. represented by: Xxxxxxxx Xxxxx | DFA, Manila | |
personally known to me or identified by me through competent evidence of identity to be the same persons who presented to me and signed in my presence this Mortgage Supplement No. 3 consisting of six (6) pages, including this Acknowledgment Page, all of which were signed by them and their instrumental witnesses, and they represented that they executed this Agreement as their free and voluntary act and that they are duly authorized to sign for the corporations they respectively represent.
This Mortgage Supplement No. 3 relates to the Mortgage Agreement dated as of 6 May 2010 among the same parties and consists of six (6) pages, including the pages of this Acknowledgment and Schedule A attached hereto, and is signed by the parties hereto and their instrumental witnesses on the signature page and on the left margin of the other pages hereof.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal this ___ day of FEB 05 2013, 2013 at Taguig City, Philippines.
Doc. No. 81 | [Notary Stamp] | /s/ Xxxxxx Xxxxxxx X. Xxxxxxxxx |
XXXXXX XXXXXXX X. XXXXXXXXX | ||
Page Xx. 00 | Xxxxxx Xxxxxx, Xxxxxx Xxxx | |
Book Xx. 0 | Xxxxxxxxxxx Xx. 000, Until December 31, 2013 | |
Series of 2013. | 00xx Xxxxx, Xxx Xxx Xxxxxx, 00xx Xx., cor. 3rd Avenue | |
Crescent Park Xxxx Xxxxxxxxx Global City, Taguig 1634 | ||
Roll of Attorney Xx. 00000 | ||
XXX Xx. 0000000; 01/03/2012; Xxxxx Xxxx | ||
XXX Xx 000000; 01/03/2012; Quezon City | ||
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ACKNOWLEDGMENT AND CERTIFICATION OF OATH
REPUBLIC OF THE PHILIPPINES )
) S.S.
BEFORE ME, a Notary Public for and in the above jurisdiction this FEB 07 2013 day of ____ personally appeared the following individual/s, representing the respective corporation/s indicated below his/their names:
Name | Passport No. | Issued at/on |
International Finance Corporation represented by: Xxxxx X. Ang | DFA Manila 1/14/10 | |
personally known to me or identified by me through competent evidence of identity to be the same persons who presented to me and signed in my presence this Mortgage Supplement No. 3 consisting of six (6) pages, including this Acknowledgment Page, all of which were signed by them and their instrumental witnesses, and they represented that they executed this Agreement as their free and voluntary act and that they are duly authorized to sign for the corporations they respectively represent.
This Mortgage Supplement No. 3 relates to the Mortgage Agreement dated as of 6 May 2010 among the same parties and consists of six (6) pages, including the pages of this Acknowledgment and Schedule A attached hereto, and is signed by the parties hereto and their instrumental witnesses on the signature page and on the left margin of the other pages hereof.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal this ___ day of FEB 07 2013, 2013 at CITY OF MANILA, Philippines.
Doc. No. 482 | /s/ XXXXXXXX X. XXXXXXX | |
Page No. 97 | NOTARY PUBLIC | |
Book No. 9 | UNTIL DECEMBER 31, 2013 | |
Series of 2013. | IBP No. 840842/10-21-11 | |
PTR No. 1414392/01-02-13 | ||
NC. No. 2012-009/ROA No. 31923 | ||
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Schedule A
DESCRIPTION OF NEW ASSETS
Description | Asset Number | Acquisition Date | Class |
Laser | 89,742 | 21-May-12 | Mfg Eqpt |
Laser | 89742A | 21-May-12 | Mfg Eqpt |
Printer Automation | 41,796 | 31-Mar-12 | Mfg Eqpt |
Printer Automation | 41796A | 22-Mar-12 | Mfg Eqpt |
Printer Automation | 41796B | 23-Apr-12 | Mfg Eqpt |
Laser | 89,737 | 23-Jul-12 | Mfg Eqpt |
Laser | 89737A | 24-Jul-12 | Mfg Eqpt |
Laser | 89737B | 23-Jul-12 | Mfg Eqpt |
Laser | 89,738 | 23-Jul-12 | Mfg Eqpt |
Laser | 89738A | 23-Jul-12 | Mfg Eqpt |
Laser | 89738B | 23-Jul-12 | Mfg Eqpt |
Laser | 89,744 | 23-Jul-12 | Mfg Eqpt |
Laser | 89744A | 24-Jul-12 | Mfg Eqpt |
Laser | 89744B | 23-Jul-12 | Mfg Eqpt |
Printer Automation | 100754A | 23-Jul-12 | Mfg Eqpt |
Metrology | 78,733 | 20-Apr-12 | Mfg Eqpt |
Metrology | 78733A | 15-May-12 | Mfg Eqpt |
Laser | 46,737 | 20-Apr-12 | Mfg Eqpt |
Automation 6 | 131,733 | 20-Aug-12 | Mfg Eqpt |
Automation 6 | 131733-UL | 20-Aug-12 | Mfg Eqpt |
Automation 6 | 150,751 | 20-Aug-12 | Mfg Eqpt |
Automation 6 | 150751-UL: | 20-Aug-12 | Mfg Eqpt |
Automation 6 | 150,750 | 20-Aug-12 | Mfg Eqpt |
Automation 6 | 150750-UL | 20-Aug-12 | Mfg Eqpt |
Automation 6 | 78736C | 10-Aug-12 | Mfg Eqpt |
Automation 6 | 150,764 | 5-Aug-12 | Mfg Eqpt |
Automation 6 | 150764-UL | 20-Aug-12 | Mfg Eqpt |
Laser | 150,772 | 19-Aug-12 | Mfg Eqpt |
Laser | 150,773 | 19-Aug-12 | Mfg Eqpt |
Laser | 150,774 | 19-Aug-12 | Mfg Eqpt |
Printer Automation | 193768C | 19-Aug-12 | Mfg Eqpt |
Printer Automation | 193769C | 19-Aug-12 | Mfg Eqpt |
Printer Automation | 193768B | 19-Aug-12 | Mfg Eqpt |
Printer Automation | 193768B | 19-Aug-12 | Mfg Eqpt |
Printer Automation | 193768B | 19-Aug-12 | Mfg Eqpt |
Automation 6 | 151,740 | 20-Aug-12 | Mfg Eqpt |
Automation 6 | 151740-UL | 20-Aug-12 | Mfg Eqpt |
Automation 6 | 151,741 | 20-Aug-12 | Mfg Eqpt |
Automation 6 | 151741-UL | 20-Aug-12 | Mfg Eqpt |
Description | Asset Number | Acquisition Date | Class |
Printer Automation | 193,768 | 19-Nov-12 | Mfg Eqpt |
Printer Automation | 193768A | 19-Nov-12 | Mfg Eqpt |
Printer Automation | 193,769 | 19-Nov-12 | Mfg Eqpt |
Printer Automation | 193769A | 19-Nov-12 | Mfg Eqpt |
Printer Automation | 193769B | 19-Nov-12 | Mfg Eqpt |
Printer Automation | 158,733 | 17-May-12 | Mfg Eqpt |
Printer Automation | 158733A | 24-Oct-12 | Mfg Eqpt |
Automation 6 | 54,738 | 20-Apr-12 | Mfg Eqpt |
Automation 6 | 54738A | 23-Apr-12 | Mfg Eqpt |
Automation 6 | 54738-UL | 20-Apr-12 | Mfg Eqpt |
Automation 6 | 54,739 | 20-Apr-12 | Mfg Eqpt |
Automation 6 | 54739A | 23-Apr-12 | Mfg Eqpt |
Automation 6 | 54739-UL | 20-Apr-12 | Mfg Eqpt |
Automation 6 | 54,740 | 20-Apr-12 | Mfg Eqpt |
Automation 6 | 54740A | 23-Apr-12 | Mfg Eqpt |
Automation 6 | 54740-UL | 20-Apr-12 | Mfg Eqpt |
Automation 6 | 150764B | 24-Sep-12 | Mfg Eqpt |
Automation 6 | 150740B | 24-Sep-12 | Mfg Eqpt |
Automation 6 | 151741B | 24-Sep-12 | Mfg Eqpt |
Laser | 78,736 | 20-Apr-12 | Mfg Eqpt |
Laser | 78736A | 23-Apr-12 | Mfg Eqpt |
Laser | 78736B | 23-Apr-12 | Mfg Eqpt |
Laser | 78736D | 23-Apr-12 | Mfg Eqpt |
Laser | 78,737 | 20-Apr-12 | Mfg Eqpt |
Laser | 78737A | 23-Apr-12 | Mfg Eqpt |
Laser | 78737B | 23-Apr-12 | Mfg Eqpt |
Laser | 78737C | 23-Apr-12 | Mfg Eqpt |
Laser | 78737D | 23-Apr-12 | Mfg Eqpt |
Laser | 78,738 | 20-Apr-12 | Mfg Eqpt |
Laser | 78738A | 23-Apr-12 | Mfg Eqpt |
Laser | 78738B | 23-Apr-12 | Mfg Eqpt |
Laser | 78738C | 23-Apr-12 | Mfg Eqpt |
Laser | 78738D | 23-Apr-12 | Mfg Eqpt |
Laser | 89737C | 2-Sep-12 | Mfg Eqpt |
Laser | 89738C | 2-Sep-12 | Mfg Eqpt |
Laser | 89744C | 2-Sep-12 | Mfg Eqpt |
Laser | 150772A | 24-Oct-12 | Mfg Eqpt |
Laser | 150772B | 24-Oct-12 | Mfg Eqpt |
Laser | 150773A | 24-Oct-12 | Mfg Eqpt |
Laser | 150773B | 24-Oct-12 | Mfg Eqpt |
Laser | 150774A | 24-Oct-12 | Mfg Eqpt |
Laser | 150774B | 24-Oct-12 | Mfg Eqpt |
Laser | 157,733 | 24-Oct-12 | Non-Mfg Eqpt |
Laser | 157733A | 24-Oct-12 | Non-Mfg Eqpt |
Laser | 177,755 | 24-Oct-12 | Non-Mfg Eqpt |
Laser | 193,771 | 19-Nov-12 | Mfg Eqpt |
Laser | 193,772 | 19-Nov-12 | Mfg Eqpt |
Description | Asset Number | Acquisition Date | Class |
Printer Automation | 207,743 | 4-Nov-12 | Mfg Eqpt |
Printer Automation | 151,737 | 19-Aug-12 | Mfg Eqpt |
Laser | 177,752 | 25-Sep-12 | Mfg Eqpt |
Laser | 177,753 | 25-Sep-12 | Mfg Eqpt |
Laser | 177,754 | 25-Sep-12 | Mfg Eqpt |
Automation 6 | 187,738 | 7-Oct-12 | Mfg Eqpt |
Laser | 187,739 | 7-Oct-12 | Mfg Eqpt |
Laser | 187,740 | 7-Oct-12 | Mfg Eqpt |
Laser | 187,741 | 7-Oct-12 | Mfg Eqpt |
Automation 6 | 187,758 | 11-Oct-12 | Mfg Eqpt |
Automation 6 | 187,759 | 11-Oct-12 | Mfg Eqpt |
Automation 6 | 187,760 | 11-Oct-12 | Mfg Eqpt |
Automation 6 | 187,761 | 11-Oct-12 | Mfg Eqpt |
Automation 6 | 187,762 | 11-Oct-12 | Mfg Eqpt |
Printer Automation | 193,767 | 21-Oct-12 | Mfg Eqpt |
Printer Automation | 206,739 | 18-Nov-12 | Mfg Eqpt |
Printer Automation | 206,740 | 18-Nov-12 | Mfg Eqpt |
Printer Automation | 207,747 | 15-Nov-12 | Mfg Eqpt |
Laser | 207,754 | 19-Nov-12 | Mfg Eqpt |
Laser | 207,755 | 19-Nov-12 | Mfg Eqpt |
Laser | 207,756 | 19-Nov-12 | Mfg Eqpt |
Printer Automation | 208,738 | 19-Nov-12 | Mfg Eqpt |
Laser | 177753A | 7-Oct-12 | Mfg Eqpt |
Automation 6 | 187738-UL | 16-Oct-12 | Mfg Eqpt |
Laser | 187739A | 25-Sep-12 | Mfg Eqpt |
Laser | 187739B | 16-Dec-12 | Mfg Eqpt |
Laser | 187740A | 19-Nov-12 | Mfg Eqpt |
Laser | 187740B | 16-Dec-12 | Mfg Eqpt |
Laser | 187741A | 19-Nov-12 | Mfg Eqpt |
Laser | 187741B | 16-Dec-12 | Mfg Eqpt |
Automation 6 | 187758-UL | 16-Oct-12 | Mfg Eqpt |
Automation 6 | 187759-UL | 16-Oct-12 | Mfg Eqpt |
Automation 6 | 187760-UL | 18-Oct-12 | Mfg Eqpt |
Automation 6 | 187761-UL | 18-Nov-12 | Mfg Eqpt |
Automation 6 | 187762-UL | 18-Nov-12 | Mfg Eqpt |
Printer Automation | 193770A | 7-Oct-12 | Mfg Eqpt |
Printer Automation | 208738A | 19-Nov-12 | Mfg Eqpt |
Printer Automation | 208738B | 19-Nov-12 | Mfg Eqpt |
Printer Automation | 208738C | 19-Nov-12 | Mfg Eqpt |
Printer Automation | 208738D | 19-Nov-12 | Mfg Eqpt |
Printer Automation | 208738E | 19-Nov-12 | Mfg Eqpt |
Printer Automation | 208738F | 19-Nov-12 | Mfg Eqpt |
Printer Automation | 208738G | 19-Nov-12 | Mfg Eqpt |
Description | Asset Number | Acquisition Date | Class |
Printer Automation | 208738H | 19-Nov-12 | Mfg Eqpt |
Printer Automation | 208738I | 19-Nov-12 | Mfg Eqpt |
Printer Automation | 208738J | 19-Nov-12 | Mfg Eqpt |
Printer Automation | 208738K | 19-Nov-12 | Mfg Eqpt |
Printer Automation | 208738L | 19-Nov-12 | Mfg Eqpt |
Printer Automation | 208738M | 19-Nov-12 | Mfg Eqpt |
Automated Tester | 141,751 | 5-Aug-12 | Mfg Eqpt |
Diffusion | 157,734 | 4-Sep-12 | Mfg Eqpt |
Diffusion | 165,733 | 9-Sep-12 | Mfg Eqpt |
Automated Tester | 165,737 | 11-Sep-12 | Mfg Eqpt |
Automated Tester | 177,741 | 9-Sep-12 | Mfg Eqpt |
Diffusion | 177,746 | 23-Sep-12 | Mfg Eqpt |
Wafer Transfer System | 177,747 | 24-Sep-12 | Mfg Eqpt |
Automated Tester | 186,737 | 14-Oct-12 | Mfg Eqpt |
Diffusion | 187,756 | 7-Oct-12 | Mfg Eqpt |
Diffusion | 187,757 | 7-Oct-12 | Mfg Eqpt |
Diffusion | 193,751 | 14-Oct-12 | Mfg Eqpt |
Etch Tool Loader/Unloader | 193,773 | 21-Oct-12 | Mfg Eqpt |
Etch Tool Loader/Unloader | 193,774 | 21-Oct-12 | Mfg Eqpt |
Diffusion | 195,750 | 22-Oct-12 | Mfg Eqpt |
Automated Tester | 196,744 | 22-Oct-12 | Mfg Eqpt |
Frontside/Backside Tool | 201,739 | 6-Nov-12 | Mfg Eqpt |
Frontside/Backside Tool | 201,740 | 6-Nov-12 | Mfg Eqpt |
Wafer Transfer System | 210,768 | 16-Dec-12 | Mfg Eqpt |
Frontside/Backside Tool | 212,738 | 20-Dec-12 | Mfg Eqpt |
Automated Tester | 141751A | 7-Oct-12 | Mfg Eqpt |
Diffusion | 157734A | 16-Dec-12 | Mfg Eqpt |
Diffusion | 165733A | 16-Dec-12 | Mfg Eqpt |
Diffusion | 177746A | 16-Dec-12 | Mfg Eqpt |
Wafer Transfer System | 177747A | 16-Dec-12 | Mfg Eqpt |
Wafer Transfer System | 181737A | 16-Dec-12 | Mfg Eqpt |
Automated Tester | 186737A | 7-Oct-12 | Mfg Eqpt |
Diffusion | 187756A | 16-Dec-12 | Mfg Eqpt |
Diffusion | 187757A | 16-Dec-12 | Mfg Eqpt |
Etch Tool Loader/Unloader | 193773A | 7-Oct-12 | Mfg Eqpt |
Etch Tool Loader/Unloader | 193774A | 7-Oct-12 | Mfg Eqpt |
Diffusion | 195750A | 16-Dec-12 | Mfg Eqpt |
[Nothing follows]
