CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTIONS HAVE BEEN REDACTED AND FILED SEPARATELY WITH THE COMMISSION.] [ENGLISH TRANSLATION] Amendment No. 2 to Framework Agreement MD-2-321 dated 05th April, 2006
Exhibit 10.06
[CONFIDENTIAL TREATMENT REQUESTED.
CONFIDENTIAL PORTIONS HAVE BEEN REDACTED AND FILED SEPARATELY
CONFIDENTIAL PORTIONS HAVE BEEN REDACTED AND FILED SEPARATELY
WITH THE COMMISSION.]
[ENGLISH TRANSLATION]
Amendment No. 2 to Framework
Agreement MD-2-321
dated 05th April, 2006
Agreement MD-2-321
dated 05th April, 2006
Amendment to the Framework Agreement (the “Amendment”)
entered into by and between
First Solar GmbH, Rheinstrasse 4N, 55116 Mainz (hereinafter referred to as
“Company”), represented by the managing director with single signature
authority, Xx. Xxxxxxx Xxxxxx, (hereinafter referred to as “Company”)
and
Gehrlicher Umweltschonende Energiesysteme GmbH, Xxxxxxxxxxxxx Xxx. 0, X-00000
Xxxx (hereinafter referred to as “Buyer”) represented by the managing director
with single signature authority Xx. Xxxxx Gehrlicher.
1. | Recitals | |
1.1 | Company and Buyer entered into a Framework Agreement dated April 5, 2006 (the “Agreement”). | |
1.2 | Company and Buyer desire to modify and amend the “Agreement” in No. 2.1, to reflect a particular aspect in the Price /Volume Table. | |
2. | Agreement | |
2.1. | Effective as of the date hereof, the amended and changed Price/Volume Table as outlined in the Appendix shall apply. | |
2.2 | Company and Buyer hereby expressively consent to the changes and amendments to the Price/Volume Table. |
2.3 | This “Amendment” is intended to modify and amend the “Agreement.” Except as modified herein, the “Agreement” remains in full force and effect in its original form. In the event of any conflict between the “Agreement” and this “Amendment”, this “Amendment” shall control. | |
2.4 | Defined terms for particular meanings not otherwise defined in this Amendment shall have the meanings ascribed to them in the “Agreement.” |
/s/ Xxxxxxx Xxxxxx
|
||
Xxxxxxx Xxxxxx |
||
/s/ Klaus Gehrlicher
|
||
Energiesysteme GmbH |
||
Klaus Gehrlicher |
||
Appendix |
||
Price/Volume Table (Appendix C) |
Appendix C
Price/Volume Table
Quarterly Periods and Schedule Milestones
Quarter | Definition | |||
Quarter 1 |
Calendar Week 1 through Week 13 | |||
Quarter 2 |
Calendar Week 14 through Week 26 | |||
Quarter 3 |
Calendar Week 27 through Week 39 | |||
Quarter 4 |
Calendar Week 40 through Week 52 |
Milestone | Time Schedule | |
Initial binding Quarterly Forecast For Four (4) Quarters
|
FS and Buyer to agree by 1-April-2006 | |
Plus non-binding Fifth (5th) Quarter Target |
||
Rolling binding Four (4) Quarter Forecast Plus a non-binding Fifth
|
FS and Buyer to agree 5 calendar days | |
(5th) Quarter Target
|
before the start of the next successive First (1st) | |
If the Parties do not agree otherwise the non-binding Fifth
|
Quarter of the binding Four (4) Quarter Forecast. | |
(5th) Quarter Target shall become the new binding Fourth (4th) Quarter |
||
If the Parties do not agree otherwise the new non-binding
|
FS and Buyer to agree 5 calendar days | |
Fifth (5th) Quarter Target shall be determined based
|
before the start of the next successive First (1st) | |
on the equitable discretion of FS. Such equitable discretion shall be
|
Quarter of the binding Four (4)Quarter Forecast. | |
based on the new binding Fourth (4th) Quarter Forecast
|
FS and Buyer to agree by December 1 | |
multiplied by a Quarterly Volume Adjustment Factor (x), such factor
|
of each annual period on the | |
(x) being
within the range set forth below by defining a value in between a
minimum x-value (xmin)and a maximum x-value (xmax) and
considering the total amount of the Target Kilowatt Volume per calendar year as defined below.
|
Quarterly Volume Adjustment Factor (x) for the next annual period. | |
Additional Annual Volume Agreement
|
FS and Buyer to agree on 2006 | |
Additional Annual Volume upon | ||
execution of the Framework Agreement | ||
and by December 1 of each successive | ||
annual period for the next annual | ||
period. | ||
Notice period prior to Delivery for Carriage as defined in Section
|
For volume £ [***] weeks | |
4 for Annual Additional Volume.
|
For volume > [***] weeks |
*** | CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTIONS HAVE BEEN REDACTED AND FILED SEPARATELY WITH THE COMMISSION. |
Appendix C
Price/Volume Table
Total Annual Amounts | ||||||||||||
Price / Volume Table C2 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | ||||||
Module Price per Watt (€) |
[***] | [***] | [***] | [***] | [***] | [***] | ||||||
Target Kilowatt Volume (kW) |
[***] | [***] | [***] | [***] | [***] | [***] | ||||||
Target Average Module Power (W) |
[***] | [***] | [***] | [***] | [***] | [***] | ||||||
Minimum Kilowatt Volume (kW) |
[***] | [***] | [***] | [***] | [***] | [***] | ||||||
Minimum Average Module Power (W) |
[***] | [***] | [***] | [***] | [***] | [***] | ||||||
Additional Annual Volume (kW) |
[***] | [***] | [***] | [***] | [***] | [***] | ||||||
Bank Guarantee (Letter of Credit)(M€) |
[***] | [***] | [***] | [***] | [***] | [***] |
Appendix C
Price/Volume Table
Payment Terms | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||
Payment Terms (Net
days from date of FS
invoice) as set forth in
Section 7. |
[***] | [***] | [***] | [***] | [***] | [***] | [***] |
Fifth Quarter Forecast | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||||||
Quarterly Volume
Adjustment Factor
(xmin < x
< xmax) |
[***] | [***] | [***] | [***] | [***] | [***] |
*** | CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTIONS HAVE BEEN REDACTED AND FILED SEPARATELY WITH THE COMMISSION. |