Amendment to Basestock Supply Agreement dated February 25, 2004



 Exhibit 10.22.2 
  

	 [APPLETON PAPERS LOGO] 
	 [APPLETON COATED LOGO] 


  
 Note: The information designated by a bracketed asterisk [*] has been omitted pursuant to a request for confidential treatment and has been filed separately with
the Securities and Exchange Commission. 
  
 AMENDMENT OF

 MEMORANDUM OF AGREEMENT 
 YEARS 2004-2005 
 BASESTOCK SUPPLY AGREEMENT (effective as of June 27, 2001) 
  
 For valuable consideration, the above-referenced agreement (herein “Agreement”)
shall be and it is hereby amended as follows: 
  

	1.	Section 1., VOLUME/MIX, is amended so as to provide, in its entirety, as follows: 

  
 “Except as hereinafter provided, Buyer shall be obligated to purchase from Seller, and Seller shall be obligated to
sell to Buyer, (i) 75,000 tons (2,000 lbs/ton), total, of the grades listed in Schedule 1 of this Amendment, in Agreement Year 2004 and (ii) 40,000 tons, total, of the grades listed in Schedule 1 of this amendment, in Agreement Year 2005. The
volumes set forth above are hereinafter referred to as the “Annual Volume(s).” 
  
 “Buyer’s purchases of the Opaque Grades listed in Schedule 1, shall be limited to not more than 25% of the Annual Volume in Agreement Year 2004 and 2005. 
  
 “Except as hereinafter provided or from time-to-time agreed by the
parties, Buyer will purchase and Seller will make available the Annual Volume utilizing a level load pattern of equal monthly volumes. Adjustments for scheduled “Holiday Downs” will be planned and agreed to in advance. Buyer shall have the
ability to alter volumes by plus or minus ten percent (10%) per calendar quarter provided that Buyer shall have given Seller notice, of its intention to alter said volumes, at least 90 days prior to the beginning of the calendar quarter in question.
Seller will provide any additional tonnage at the same terms as stated in this Agreement. Each quarterly option of Buyer to alter volumes shall be limited to plus or minus ten percent (10%). If Buyer does not elect to alter volumes by plus or minus
ten percent (10%) in any given quarter, such option to elect shall not carry over and/or be available in addition to the 10% volume alteration option available in the following quarter. If Buyer does elect to alter volumes by plus or minus ten
percent (10%) in any given quarter, Annual Volume requirements under this Agreement shall be adjusted accordingly. 
  
 “Additionally, Buyer agrees to purchase product (on or before January 1, 2005), per section 7 below, required to bring the consignment inventory to
10% of the 








 
Annual Volume agreed to for the 2005 Agreement Year. Any year-end purchases made by Buyer to adjust the consignment inventory shall be in addition to the
Buyer’s Annual Volume commitment. 
  

	2.	Section 3., Grade Mix, is amended by deleting the last sentence and substituting the following sentence: 

  
 “All grades represented in Schedule 1 of this Amendment are considered
qualified grades for purposes of meeting the Annual Volume requirements under this Agreement.”  
  

	3.	Section 4., Payment Terms, is amended so as to read, in its entirety, as follows: 

  
 Terms are two percent (2%) discount if paid via electronic fund transfer to Seller’s financial institution (if
capable), within the time periods specified in Schedule 3 to this Agreement; otherwise, the discount shall be one percent (1%) if paid within 20 days from date of invoice, net 30 days. Except as provided in Section 7 hereof, title shall be deemed
transferred at time of shipment or, as the case may be, release from the “consignment” inventory. 
  

	4.	Section 6., TERM, is amended by deleting the first sentence and substituting the following two sentences therefor:  

  
 “This Agreement is effective as of December 28, 2003 and extends for one
fiscal year beyond the current Amendment, thereby ending on January 2, 2006. As utilized herein, the term “Agreement Year” refers to a fiscal year ending on the Saturday that is closest to December 31 in the year in question.” 

  

	5.	Section 7., SERVICE, is amended so as to provide in its entirety as follows: 

  
 “Seller agrees to maintain a consignment inventory of product. Seller will maintain as Seller’s inventory, a
maximum of 7,000 tons in Agreement Year 2004 and 3,500 tons in Agreement Year 2005. Seller will maintain an additional 500 tons of in-transit inventory if required to support Buyers’ Purchase Order due dates. For the Agreement year 2004, Buyer
and Seller will review, on June 1, 2004, the anticipated Annual Volume and reset the consignment inventory maximum (including “tons in transit”) to be 10% of such anticipated Annual Volume. On October 1, 2004, Buyer and Seller will review
the anticipated Annual Volume for the 2005 Agreement Year (currently 40,000 tons) and set the 2004 Year end consignment target to be 10% of the 2005 anticipated Annual Volume. Seller agrees to utilize Buyer’s leased warehouse space on Radio
Road or other mutually agreed upon site for storage of the consignment inventory. Seller also agrees to be responsible for the monthly warehouse rental charges for the space utilized to manage this consignment inventory at a cost not to exceed
Buyer’s leased space rate. Notwithstanding any other provision herein, Product 

  

 2 








 
within this inventory will be purchased by and title transferred to Buyer, either when withdrawn from said inventory, or, if not withdrawn, upon reaching 90
days in the consignment inventory.” 
  

	6.	Section 8., ORDER MINIMUMS, is amended so as to provide, in its entirety, as follows: 

  
 “Order minimums and run frequencies shall be as specified in Schedule 1 to this Agreement.” 
  

	7.	Section 9., TRIM, is amended so as to provide, in its entirety, as follows: 

  
 “All trim charges are established by grade for all grades listed on Schedule 2 of this agreement. Buyer, at time of
order, will calculate all applicable trim charges and will adjust its Purchase Order for said adjustment per the charges in Schedule 2 of this Agreement. 
  


	8.	Section 10., PRICING, is amended so as to provide, in its entirety, as follows: 

  
 “Pricing is per Schedule 1, for Agreement Years 2004 and 2005. 
  

	9.	Section 11., CONTINUOUS COST REDUCTION, is deleted in its entirety; however, deletion of said section shall not result in or require the renumbering of the remaining sections
of the Agreement . 

  

	10.	Section 12., QUALITY, is amended by changing the first sentence thereof so as to provide as follows: 

  
 “All products shall meet or exceed the quality specifications as
described in Buyer’s basestock specification (including basestock finishing specifications) in effect on January 24, 2003 or thereafter adopted by mutual agreement of the parties.” 
  

	11.	Section 13., INTERFACES, is changed so as to provide, in its entirety, as follows: 

  
 “Issues related to pricing, terms, service issues and other matters arising hereunder shall be coordinated by
Buyer’s—HQ Procurement Specialist (currently Ed Hammond) and Seller’s Vice President of Logistics and Information Technology (currently Dan Regal) or his or her designee.” 
  

	12.	Section 17, EXECUTION, is deleted in its entirety; however, deletion of said section shall not result in or require the renumbering of the remaining sections of the
Agreement. 

  

 3 









	13.	A new Section, identified as “Section 31, Business Review,” is added, said new Section, to provide, in its entirety, as follows: 

  
 “Buyer and Seller agree to conduct a Strategic Business Review annually
during the first calendar quarter of each year of this Agreement 
  

	14.	Schedules, Prior Amendments, and Implied Terms. Schedules 1 through 4 and 7 to the Agreement shall be and they are hereby cancelled and annulled for all purposes. The
Schedules annexed to this Addendum, and identified as “Schedule 1,” “Schedule 2,” and “Schedule 3,” shall be and they are hereby incorporated herein by reference. Schedules 5 and 6 to the Agreement remain in full force
and effect. References, in the Agreement, to Schedule 2 are hereby deemed amended so as to refer instead to annexed Schedule 1. All prior amendments to the Agreement, including that certain “Amendment of Basestock Supply Agreement Dated June
27, 2001,” shall be and they are hereby cancelled and annulled for all purposes. Sections of the Agreement that are not referenced in this Amendment shall be deemed amended, by implication, in order to give effect to the intention of the
parties as set forth in this Amendment. 

  
 Except as otherwise
provided herein, all terms and conditions of the Agreement shall be and remain in full force and effect. 
  

					
	 	 	APPLETON PAPERS INC.	 	APPLETON COATED LLC
			
	 SIGNATURE:
	 	/s/ Rick Fantini	 	/s/ Dan Regal
	 	 	
	 	

	 TITLE:
	 	Vice President	 	VP Logistics & I.T.
	 	 	
	 	

	 DATE:
	 	2/25/04	 	1-27-04
	 	 	
	 	


  

 4 








 2004 Pricing / Making Master Breakout 
 SCHEDULE 1 
  
 ALL PRICES LISTED ARE PER HUNDRED WEIGHT PRICING

  
 ALL GRADES REQUIRE 24 HOUR MINIMUM RUN LENGTH UNLESS MUTUALLY AGREED TO BETWEEN
AC AND API 
  
 FOR 61.1, 43.3, AND 50.8 DULL GRADES WE WILL RUN A MINIMUM 12 HOUR
RUN PER GRADE IN A 24 HOUR RUN SCHEDULE 
  
 ALL PRICES INCLUDE FREIGHT TO
DESTINATION IN THE FOX VALLEY 
  

										
	
	 	 	 
	Grade Description:	  	 #6 PM
 MM#
	  	 #7 PM
 MM#
	  	2004 /2005
Pricing:	 	 	 
	
	 	 	 
	Group #1 Grades Mfg’ed in 2003	  	 	  	 	 	 	 
	 26.2# White NSST
	  	3132	  	9430	  	[ * ]	 	 	 
	 46.5# Wh OBA Ctg Base
	  	—	  	8018	  	 	 	 	 
	 28.0# Wh Hi-Strength Base
	  	—	  	8020	  	 	 	 	 
	 61.1# White OBA Base
	  	—	  	8089	  	 	 	 	 
	 37.8# Wh Integra Ctg Base
	  	8119	  	8395	  	 	 	 	 
	 30.2# CN PRCT
	  	8386	  	8248	  	 	 	 	 
	 26.25# WH Hi-Strength
	  	—	  	8452	  	 	 	 	 
	 26.2# CN ST Base
	  	8025	  	8075	  	 	 	 	 
	 43.3# Dull Label Base
	  	—	  	8457	  	 	 	 	 
	 31.1# WH THRML Fax
	  	—	  	8081	  	 	 	 	 
	 34# WH OPAQUE Base
	  	8467	  	8466	  	 	 	 	 
	 30.5# WH OPAQUE Base
	  	9238	  	9643	  	 	 	 	 
	 34# WH OBA Base #7
	  	—	  	8321	  	 	 	 	 
	 43.3# WH LBL Base
	  	—	  	8907	  	 	 	 	 
	 61.1# WH NO OBA (DULL)
	  	—	  	9774	  	 	 	 	 
	 50.8# WH NO OBA (DULL)
	  	9980	  	9115	  	 	 	 	 
	 31.1# WH THRML FAX (CFS Back)
	  	—	  	9750	  	 	 	 	Eff. 3/1/04
	 	  	 	  	 	  	 	 	 	 
	
	 	 	 
	Grade Description:	  	 #6 PM
 MM#
	  	 #7 PM
 MM#
	  	2004
Pricing:	 	 	 
	
	 	 	 
	Group #2 Grades Mfg’ed Prior to 2003	  	 	  	 	  	 	 	 	 
	 33# WH ST CTG Base
	  	8238	  	—	  	[ * ]	 	 	 
	 30.20 PK PRCT
	  	8390	  	8264	  	 	 	 	 
	 26.8# Pink Superior
	  	8296	  	—	  	 	 	 	 
	 26.8# Green Superior
	  	8318	  	—	  	 	 	 	 
	 26.8# Gold Superior
	  	8328	  	—	  	 	 	 	 
	 26.8# Blue Superior
	  	8370	  	—	  	 	 	 	 
	 26.25# WH Histrgth HBNT NO OBA
	  	—	  	8452	  	 	 	 	 
	 26.2# WH RST30 CTG Base
	  	8065	  	—	  	 	 	 	 
	 30.9# WH RST30 Ctg Base
	  	8066	  	—	  	 	 	 	 
	 27.1# PJK Premium Base
	  	8103	  	—	  	 	 	 	 
	 26.8# Canary Superior Base
	  	8276	  	—	  	 	 	 	 
	 26.8# WH Superior Base
	  	—	  	—	  	 	 	 	 
	 26.8# WH For Sprint CFB Base
	  	—	  	—	  	 	 	 	 
	 30.2# White For PRCT
	  	8392	  	8245	  	 	 	 	 
	 38# WH OPAQUE Base
	  	—	  	9268	  	 	 	 	 

  

 5 









							
	

	Grade Description:	  	 #6 PM
 MM#
	  	 #7 PM
 MM#
	  	2004
    Pricing:    
	

	Group 3 Grades Eliminated	  	 	  	 	  	 
	 26.25# WH CTG BS NO OBA
	  	8031	  	 	  	 
	 29.9# WHT PRCT
	  	8041	  	 	  	 
	 28.3# WH Ultimark
	  	8077	  	 	  	 
	 27.1# CN PREM
	  	8113	  	 	  	 
	 30.1# WH HI-BLK
	  	8140	  	 	  	 
	 30.9# WH ST
	  	8216	  	 	  	 
	 29.9# CAN PRECT
	  	8387	  	 	  	 
	 30.2# WH PRECT
	  	8392	  	 	  	 
	 29.9# OK PRECT
	  	8394	  	 	  	 
	 39.5# WH ST
	  	8420	  	 	  	 
	 29.9# CAN PRECT
	  	8423	  	 	  	 
	 29.9# PK PRECT
	  	8424	  	 	  	 
	 27.8# WH SCCB HI-STRGTH
	  	9041	  	 	  	 
	 27.1# PK PRM HI-STRNGTH
	  	9077	  	 	  	 
	 28.3# ULTMK HI-STRNGTH
	  	9229	  	 	  	 
	 30.1# WH OPAQUE
	  	9323	  	 	  	 
	 40# WH OPAQUE
	  	9639	  	 	  	 
	 30.9# WH ST
	  	9429	  	 	  	 
	 26.2# WH ST
	  	9430	  	 	  	 
	 38.1# PREM PRECT WH
	  	9455	  	 	  	 

  

 6 








 [Appleton Logo] 
  
 Appleton Ideas Basestock Trim Upcharge Guidelines 
  
 SCHEDULE 2 

																																											
	 	 	Red denotes grades not on API’s list.	 	2002

	 	2003

	 	2004

	 	2004

	 	2004

	 	 2004 Trim Adjusted Pricing
 (Inches of Variance from 2002/2003 Weighted Average)


	 Product
Family

	 	MM

	 	Mach

	 	BW

	 	 Description

	 	2002
Actual
Trim

	 	2002
Actual
Tons

	 	Actual
Trim
(thru
SEP)

	 	Actual
Tons
(thru
SEP)

	 	Average
Trim
Standard

	 	$/Ton/
Inch
Trim
Penalty

	 	Base
Price

	 	0”-1”

	 	1”-2”

	 	2”-3”

	 	3”-4”

	 	4”-5”

	 	5”-6”

	 	6”-7”

	 	7”-8”

	 	8”-9”

	 	9”-10”


	 C
	 	9572/8075	 	7	 	26.2	 	CAN ST Base	 	209.11	 	1,607	 	198.10	 	365	 	198.10	 	[    *    ]	 	[    *    ]	 	[    *    ]	 	[    *    ]	 	[    *    ]	 	[    *    ]	 	[    *    ]	 	[    *    ]	 	[    *    ]	 	[    *    ]	 	[    *    ]	 	[    *    ]
	 C
	 	9563/8025	 	6	 	26.2	 	CAN ST Base	 	214.70	 	1,015	 	207.60	 	374	 	198.10	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	3132	 	6	 	26.2	 	WH ST BS-CM	 	211.24	 	797	 	216.43	 	340	 	216.43	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	9153/8452	 	7	 	26.25	 	WH Hbt Nonoba Histgth	 	214.59	 	4,412	 	217.91	 	4,005	 	217.91	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8020	 	7	 	28	 	WH SCCB Base	 	201.77	 	2,408	 	199.15	 	1,848	 	199.15	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8248	 	7	 	30.2	 	CAN Precoat Premium	 	213.00	 	1,765	 	0	 	0	 	213.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8386	 	6	 	30.2	 	CAN Precoat Premium	 	217.20	 	588	 	213.76	 	2,680	 	213.76	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8321	 	7	 	34	 	WH Base	 	212.04	 	189	 	213.11	 	192	 	213.11	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8395	 	7	 	37.8	 	WH Integra Base	 	207.25	 	14	 	0	 	0	 	207.25	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8119	 	6	 	37.8	 	WH Integra Base	 	217.73	 	538	 	219.31	 	792	 	219.31	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8264	 	7	 	30.2	 	PK Precoat Premium	 	223.50	 	345	 	—  	 	0	 	223.50	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8390	 	6	 	30.2	 	PK Precoat Premium	 	213.00	 	732	 	—  	 	0	 	213.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8296	 	6	 	26.8	 	Pink	 	213.00	 	870	 	—  	 	0	 	213.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8318	 	6	 	26.8	 	Green	 	213.00	 	480	 	—  	 	0	 	213.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8328	 	6	 	26.8	 	Gold	 	213.00	 	538	 	—  	 	0	 	213.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8370	 	6	 	26.8	 	Blue	 	213.65	 	895	 	—  	 	0	 	213.65	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8065	 	6	 	26.2	 	Wh RST 30 Ctg Bs	 	215.51	 	160	 	—  	 	0	 	215.51	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8066	 	6	 	30.9	 	Wh RST 30 Ctg Bs	 	215.70	 	304	 	—  	 	0	 	215.70	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8103	 	6	 	27.1	 	Pink Premium	 	—  	 	0	 	—  	 	0	 	214.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8276	 	6	 	26.8	 	Canary	 	—  	 	0	 	—  	 	0	 	214.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8371	 	7	 	26.8	 	White	 	—  	 	0	 	—  	 	0	 	214.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	9078	 	7	 	26.8	 	Pink Histgth	 	—  	 	0	 	—  	 	0	 	214.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8265	 	6	 	26.8	 	Wh For Sprint	 	—  	 	0	 	—  	 	0	 	214.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8245	 	7	 	30.2	 	Wh Precoat	 	—  	 	0	 	—  	 	0	 	214.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 C
	 	8238	 	6	 	33	 	White ST Base	 	220.50	 	127	 	—  	 	0	 	220.50	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 O
	 	9643	 	7	 	30.5	 	WH Opaque Base	 	221.00	 	8	 	218.83	 	4,669	 	218.83	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 O
	 	9238/8891	 	6	 	30.5	 	WH Converter Base	 	218.04	 	2,143	 	216.73	 	2,811	 	216.73	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 O
	 	9322/8467	 	6	 	34	 	WH Opaque Base	 	201.48	 	1,893	 	201.59	 	3,278	 	201.59	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 O
	 	9641/8466	 	7	 	34	 	WH Opaque Base	 	198.68	 	533	 	202.71	 	2,173	 	202.71	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 O
	 	9115	 	7	 	50.8	 	White Dull	 	—  	 	0	 	 	 	 	 	206.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 O
	 	9980	 	6	 	50.8	 	White Dull	 	—  	 	0	 	 	 	 	 	206.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 T
	 	8081	 	7	 	31.1	 	WH Thermal Fax Base	 	209.99	 	27,332	 	209.18	 	18,283	 	209.18	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 T
	 	9857/8457	 	7	 	43.3	 	WH Label Base OBA	 	215.25	 	209	 	219.02	 	1,638	 	217.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 T
	 	8907	 	7	 	43.3	 	WH Label Base OBA	 	219.09	 	21,604	 	217.57	 	16,485	 	217.57	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 T
	 	8018	 	7	 	46.5	 	WH Ctg Base OBA	 	212.82	 	891	 	212.14	 	794	 	212.14	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 T
	 	8018	 	7	 	46.5	 	WH Ctg Base OBA	 	212.82	 	3,106	 	212.14	 	3,403	 	212.14	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 T
	 	8089	 	7	 	61.1	 	WH Base OBA	 	214.88	 	857	 	215.14	 	773	 	215.14	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 T
	 	9750	 	7	 	31.1	 	New Back Coat (CFS Ctg)	 	—  	 	0	 	 	 	 	 	210.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 T
	 	8774	 	7	 	61.1	 	White Dull	 	—  	 	0	 	 	 	 	 	215.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 








 SCHEDULE 3 
  
  
 PAYMENT TERMS 
  
  

													
	 ACTUAL
 USAGE
 DATE

	 	 AC
 INVOICE
 DATE

	 	 API
 VOUCHER
 DATE

	 	 AC
 DUE
 DATE

	 	 API
 EFT
 DATE

	 	 AC
 RECEIPT
 OF CASH

	 	 BUSINESS DAYS


	 MON
	 	MON	 	TUE	 	FRI	 	FRI	 	MON	 	5
	 TUE
	 	TUE	 	WED	 	MON	 	FRI	 	MON	 	4
	 WED
	 	WED	 	THU	 	TUE	 	FRI	 	MON	 	3
	 THU
	 	THU	 	FRI	 	WED	 	TUE	 	WED	 	4
	 FR/SAT/SU
	 	SUN	 	MON	 	THU	 	TUE	 	WED	 	3