AMENDMENT 12/POTENCY RESERVE & PWR. SUPP. CONTRACT



 





Exhibit 10.21





	 	 	Addendum No. 12 to the Contract of Potency Reserve
and Supply of Electric Power, executed by and
between Companhia Hidro Elétrica do São Francisco
 — CHESF and Trikem S/A, on 06/02/1998.





COMPANHIA HIDRO ELÉTRICA DO SÃO FRANCISCO, operator of electric power public
services, established in the City of Recife, State of Pernambuco, at Rua
Delmiro Gouveia number 333, District of Bongi, enrolled in the Taxpayers’
General Registry of the Ministry of Finance under number 33 541 368/0001-16 and
in the Fiscal Registry of the State of Pernambuco under number 18 1 001
0005584-6, hereinafter referred to as CHESF, and TRIKEM S/A, with its
industrial facilities in the Municipality of Maceió, State of Alagoas, enrolled
in the Taxpayers’ General Registry of the Ministry of Finance under number 13
558 226/0013-98 and in the Fiscal Registry of the State of Alagoas under number
240 07111-5, hereinafter referred to as CONSUMER, represented by its
Superintendent Director and by its Electric Energy Manager who sign “in-fine”,
have mutually adjusted this ADDENDUM TO THE CONTRACT OF POTENCY RESERVE AND
SUPPLY OF ELECTRIC POWER, which will be governed by the following clauses and
conditions:



I — SUBJECT MATTER




1st Clause — The subject matter of this instrument is to set forth the amount
of electric energy contracted between CHESF and the CONSUMER, as established by
Resolutions Nos. 8 and 13 of the Board for Management of the Electric Energy
Crisis — GCE.



§ 1st — The amount of electric power contracted between the PARTIES will be
equal to the target established pursuant to the above mentioned Resolutions,
corresponding to 123,580.5 KWh/h, multiplied by the respective number of hours
in the accounting month.



§ 2nd — The consumption target might be revised if the CONSUMER acquires or
sells the Certificates referred to in item IV of this instrument.



§ 3rd — CHESF will communicate monthly, by fax or another safe electronic
means, the respective consumption target established under the terms of
paragraph 2nd in this clause.



V — EFFECTIVENESS




5th Clause — The conditions set forth in this ADDENDUM will be in force during
the period from 12/01/2001 up to the end of the Emergency Program for Reduction
of Electric Energy Consumption.



6th Clause — At any time, either party might terminate this addendum upon
written notice to the other party.



VI — GENERAL PROVISIONS




7th Clause — The other clauses contained in the CONTRACT OF POTENCY RESERVE AND
SUPPLY OF ELECTRIC POWER, appended hereby, that are not conflicting to this
ADDENDUM, are hereby confirmed and remain in force.



8th Clause — Upon the termination of this instrument, the CONTRACT OF POTENCY
RESERVE AND SUPPLY OF ELECTRIC POWER will be restored to its original
conditions, in addition to those set forth in the addenda preceding this one.



And being thus adjusted and agreed, the PARTIES sign this ADDENDUM on 03
(three) copies of equal content and configuration, in the presence of the
witnesses indicated.



Recife — PE, December 20, 2001.




 









 











COMPANHIA HIDRO ELÉTRICA DO SÃO FRANCISCO — CHESF




	 	 	 
	


	 	

	(Signed by)

	 	(Signed by)
	Mozart de Siqueira Campos Araujo,

	 	Paulo de Tarso da Costa,
	Director President

	 	Operations Director







TRIKEM S/A.




	 	 	 
	


	 	

	(illegible signature)

	 	(illegible signature)
	name: Manoel Carnaúba Cortez

	 	name: Ricardo Maya Gomes Simões
	position: Superintendent Director

	 	position: Electric Energy Manager
	 
	 	 
	WITNESSES:
	 	 
	 
	 	 
	


	 	

	(illegible signature)

	 	(Signed by)
	name: Jorge Juan ... (illegible)

	 	João Henrique de Araújo Franklin Neto
	CPF: 350 262 945-53

	 	CPF: 192 420 694-34