AGREEMENT FOR SUPPLY CHAIN LINE OF CREDIT dated March 22, 2023 between Beam Global as Company and OCI Limited as Supply Chain ParticipantSupply Chain Line of Credit Agreement • August 14th, 2023 • Beam Global • Semiconductors & related devices • New York
THIS AGREEMENT FOR SUPPLY CHAIN LINE OF CREDIT (this "Agreement") shall remain in full force in effect for a first period, starting at signing and ending March 12th, 2028 (the “Initial Term”). Upon expiration of the Initial Term and provided that this Agreement has not been terminated pursuant to Section 16, or otherwise, this Agreement will be automatically extended by successive periods of one (1) calendar year each, unless during the Initial Term or a successive term either Party provides to the other party written notice of non-renewal no less than fifteen (15) calendar days prior to the expiration of the Initial Term or successive term, as the case may be. The Initial Term and any subsequent renewals shall collectively be referred to as the “Term”.
