Exhibit 4.6
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between
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Xxxxxx Chemie XX |
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Xxxxx-Xxxxxx-Xxxxx 0 |
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00000 Xxxxxx |
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Xxxxxxx Xxxxxxxx of Germany |
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- hereinafter referred to as “WACKER” - |
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and
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Jing Xxx Xxxx Semiconductor Materials (Doing Hai) Co., Ltd |
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No.1 Guangming Road. DongHai Development Zone. |
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Xxxx Xxx Gang. Jiangsu Province 222300 |
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P.R. China |
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- hereinafter referred to as “BUYER” - |
Preamble
BUYER has requirements for polycrystalline Silicon. WACKER is willing to supply BUYER with
polycrystalline Silicon.
Now. therefore, in consideration of the foregoing and the mutual premises hereinafter
contained. WACKER and BUYER agree as follows:
WACKER agrees to sell and deliver and BUYER agrees to purchase and take the poly-crystalline
Silicon manufactured by WACKER as defined per specification set forth in Appendix A
(hereinafter referred to as “PRODUCT”).
| 2.1 |
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The BUYER shall make the agreed prepayment according to the payment schedule set forth in
Appendix X. |
XXXXXX shall sell and deliver to BUYER and BUYER will purchase and take from XXXXXX the annual
quantities of PRODUCT set forth in Appendix A. Quantities per calendar year are fix, and may
not be postponed or otherwise be shifted by BUYER to a later calendar year.
| 3. |
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Prices / Payment Terms |
| 3.1 |
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The prices for the PRODUCT are set forth in Appendix A. |
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| 3.2 |
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The prices under Section 3.1 above shall be firm until 31.12.2016. |
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| 3.3 |
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XXXXXX shall invoice BUYER with each shipment of PRODUCT. BUYER shall issue an irrevocable
Letter of credit at sight one week in advanced before PRODUCT is scheduled to be shipped ex
Xxxxxx’x Burghausen plant. |
| 4.1 |
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PRODUCT shall be delivered CIF shanghai (Incoterms 2000). |
| 4.2 |
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All deliveries of PRODUCT are subject to XXXXXX’x General Conditions of Sale set forth in
Appendix B and hereby made part of this Agreement, provided, however, that if there is any
conflict between the terms of this Agreement and the said Conditions of Sale the terms of this
Agreement shall prevail. |
| 4.3 |
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The agreed annual quantities for the years 2012. 2013. 2014, 2015 and 2016 will be shipped in
about equal monthly installments. |
| 5. |
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Quality / Inspection and Testing |
| 5.1 |
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The PRODUCT supplied by XXXXXX shall conform to the specifications set forth in Appendix A. |
| 5.2 |
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Upon receipt of each shipment of PRODUCT BUYER shall inspect the PRODUCT. Unless BUYER
notifies XXXXXX within 5 (five) days after the arriva of the shipment at BUYER’s premises or
warehouse, that it does not conform to the quantity ordered or XXXXXX’x certificate of quality
does not conform to the specifications set forth in Appendix A, said shipment shall be deemed
to have been delivered as ordered and XXXXXX’x certificate of quality shall be deemed to
conform to the specifications. in case of hidden defects the respective shipment shall be
deemed to have been delivered as ordered and XXXXXX’x certificate of quality shall be deemed
to conform to the specifications unless BUYER notifies XXXXXX within 10 (ten) days after the
discovery of such defect that the PRODUCT does not conform to the quantity ordered or XXXXXX’x
certificate of quality does not conform to the specifications set forth in Appendix A. |
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| 6.1 |
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XXXXXX warrants solely that the PRODUCT delivered shall conform to the specifications set
forth in Appendix A. Except for the warranty provided above. XXXXXX disclaims any and all
other express or implied warranties with respect to the PRODUCT, and any warranty of
merchantability or fitness for a particular purpose is expressly disclaimed. In case of
defective PRODUCTS BUYER has the right to claim delivery of PRODUCTS free of defects. In case
XXXXXX fails to deliver such PRODUCTS free of defects. BUYER has the right to reduce the
purchase price accordingly or to withdraw from the respective purchase contract. |
| 6.2 |
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In case of breach of the Agreement, XXXXXX’x liability in case of ordinary negligence shall
be limited to the value of the defective PRODUCT(s) supplied, i.e. in addition to replacing
the PRODUCT or refunding the purchase price, XXXXXX shall pay damages to BUYER up to the
purchase price of the defective PRODUCT. In case of gross negligence on the part of XXXXXX,
XXXXXX shall pay damages up to double the purchase price of the defective PRODUCT. In case of
intent, XXXXXX stall be fully liable. Moreover. XXXXXX shall be fully liable for claims in
accordance with product liability legislation and other mandatory legal regulations, as well
as for claims resulting from injury to a person’s life. body or health. |
| 7.1 |
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The PARTIES may use all the information disclosed under this Agreement only for the purposes
contemplated herein. |
| 7.2 |
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The PARTIES hereto agree to keep secret such information and to take the necessary measures
to prevent any disclosure to third parties. |
| 7.3 |
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Each PARTY is responsible for assuring that secrecy is maintained by its employees and agents. |
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| 7.4 |
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The secrecy obligation does not apply to information |
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where a PARTY can prove that is was known to it prior to its receipt; |
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which is or has become generally available to the public prior to its receipt; |
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which is or has become generally available to the public without being the result of
a breach of this Agreement; |
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which is in accordance with information such PARTY received or got access to from an
entitled person without any obligation of secrecy; |
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where the other PARTY approved the disclosure in a particular case in writing.
7.5 The secrecy obligation shall survive the term of this Agreement. |
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Reservation Of Ownership |
| 8.1 |
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Any PRODUCT that has been sold remains the sole property of XXXXXX until all outstanding debt
arising from the business connection with BUYER has been paid in full. BUYER has power of
disposal of the PRODUCT in the ordinary course of business, or he may process the PRODUCT
until revocation of the power of disposal by XXXXXX. |
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| 8.2 |
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Reservation of ownership and power of disposal. as laid down in clause 8.1, also applies to
the full value of the manufactured PRODUCT produced by processing, mixing and blending or
combining the PRODUCT. In each case XXXXXX qualifies as the manufacturer. Incases where
PRODUCT is processed, mixed and blended, or combined with those of a third party, and where
the reservation of the latter continues to apply, then XXXXXX acquires joint ownership in
proportion to the invoice value of those processed goods. If security rights of a third party
are in fact or in law below that share, the difference will be to the benefit of XXXXXX. |
| 8.3 |
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If BUYER resells PRODUCT to third parties he hereby assigns the entire resulting payment
claim — or in the amount of XXXXXX’x joint share therein (see para. 8.2) — to XXXXXX. In the
event the parties agree on a current account, the respective balance amounts shall be
assigned. However, BUYER shall be entitled to collect such payment claim on behalf of XXXXXX
until XXXXXX revokes such right or until payments by BUYER are discontinued. BUYER is only
authorized to make assignment of these claims — even only for the purpose of collection by way
of factoring — with the express written consent of XXXXXX. |
| 8.4 |
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BUYER shall immediately give notice to XXXXXX if any third party raises any claim with
respect to such goods or claims which are owned by XXXXXX. |
| 8.5 |
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If the value of the collateral exceeds XXXXXX’x accounts receivable by more than 20%, then
XXXXXX will release collateral on demand and at XXXXXX’x discretion. |
| 8.6 |
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XXXXXX is also entitled to take back PRODUCT on the basis of the reservation of title. even
if XXXXXX has not previously cancelled the contract. If product is taken back by way of the
exercise of the reservation of ownership, this shall not constitute cancellation of the
contract. For such purpose BUYER shall give XXXXXX or its authorized representatives access to
the premises where the PRODUCTS are stored. |
| 8.7 |
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If the laws of the country in which PRODUCT is located after delivery do not permit XXXXXX to
retain the title to PRODUCT, but allow the retention of other similar rights to PRODUCT. BUYER
shall provide XXXXXX with such other equivalent right. BUYER undertakes to assist XXXXXX in
the fulfillment of any form requirements necessary for such purpose. |
| 9.1 |
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If either party should be prevented or restricted directly or indirectly by an event of Force
Majeure as hereinafter defined from performing all or any of its obligations under this
Agreement, the party so affected will be relieved of performance of its obligations here under
during the period that such event and its consequences will continue, but only to the extent
so prevented, and will not be liable for any delay or failure in the performance or any of its
obligations hereunder or loss or damage whether direct, general. special or consequential
which the other party may suffer due to or resulting from such delay or failure, provided
always that prompt notice is given by the affectec party to the unaffected party by facsimile
or telephone or email of the occurrence of the event constituting the Force Majeure, together
with details thereof and an estimate of the period of time for which it will continue. |
| 9.2 |
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The term Force Majeure shall include without limitation strike. labour dispute, lock out,
fire. explosion, flood, war (accident), act of god or any other cause beyond the reasonable
control of the affected party. whether similar or dissimilar to The causes enumerated above. |
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| 9.3 |
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If a single event of Force Majeure or a series of the same events of Force Majeure lasts for
more than three months, the Buyer will have right to purchase its required volume from other
sources
that can meet the Buyer’s demand. And such purchased quantity will be deducted from Buyer’s
annual quantity obligation to Xxxxxx and Xxxxxx will refund the prepayment related to such
quantity that Buyer has to purchase from a third party. And should such Force Majeure lasts for
more than 6 months (without interruption), the party not affected by such Force Majeure event
may terminate this Agreement with three months prior written notice. |
This Agreement or any part thereof is not assignable by either party without the prior
written consent of the other party.
| 11.1 |
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This Agreement constitutes the whole agreement between the parties as to the subject matter
thereof and no agreements, representations or warranties between the parties other than those
set out herein are binding on the parties. |
| 11.2 |
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No waiver, alteration. or modification of this Agreement shall be valid unless made in
writing and signed by authorized representatives of the parties. |
In the event, any provision of this Agreement shall be declared invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall
not in any way be affected or impaired thereby.
The headings of the articles of this Agreement are inserted for convenience only and shall
not be deemed to constitute a part of this Agreement or to affect the construction hereof.
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Duration / Termination |
This Agreement will commence on the 01 October 2010 and will endure for a defined period of
6 (six) years and 3 (three) months.
| 15. |
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Applicable Law Jurisdiction |
This Agreement shall be construed and the legal relations between the parties hereto shall
be determined in accordance with the laws of Germany; the application of the 1980 United
Nations Convention on Contracts for the international Sale of Goods is expressly excluded.
All disputes arising out of, or in connection with, this Agreement or its validity shall be
finally settled in accordance with the Arbitration Rules of the German Institution of
Arbitration e. V. (DIS) without recourse to the ordinary courts of law. The place of
arbitration is Frankfurt. The arbitral tribunal consists of three arbitrators. The language
of the arbitral proceedings is English.
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