Document:

EX-10.33

 Exhibit 10.33 

 

			
	 CONFIDENTIAL TREATMENT REQUESTED UNDER
 C.F.R. SECTIONS 200.80(b)(4), 200.83 AND 230.406.
 [*****] INDICATES OMITTED MATERIAL THAT IS
THE
 SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST
 FILED SEPARATELY WITH THE COMMISSION.
 THE OMITTED MATERIAL HAS BEEN FILED

SEPARATELY WITH THE COMMISSION.

 AMENDMENT AGREEMENT NO. 1 
 TO THE 
 SSBR CONVERSION AND CAPACITY RIGHTS AGREEMENT 

This amendment agreement No. 1 (the “Amendment”) to the SSBR CONVERSION AND CAPACITY RIGHTS AGREEMENT effective from 31 May 2007 (the
“SSBR Agreement”) is entered into on 3 December 2012 by and between Styron Europe GmbH (“Styron”) and JSR Corporation Tokyo Wallisellen Branch (“JSR”, Styron and JSR each a “party”, together the
“Parties”), 
 WHEREAS 
  

	 	(A)	Dow Europe GmbH entered into the SSBR Agreement with JSR and subsequently assigned and transferred the SSBR Agreement to Styron and Styron assumed the SSBR Agreement
with effect from 17 June 2010. 

  

	 	(B)	The Parties seek to document their discussions and formalize agreements made in the recent past, in particular in a face to face meeting on March 8 and 9, 2012 in
Schkopau, Germany, by amending the SSBR Agreement with this Amendment. 

 NOW, THEREFORE, in consideration of the mutual promises
and agreements made in and their relationship based on the SSBR Agreement, the Parties agree to amend the SSBR Agreement as set out below. Words and phrases defined in the SSBR Agreement shall have the same meaning in this Amendment unless the
context otherwise requires. Reference to Articles and Schedules shall be reference to articles and schedules of the SSBR Agreement. In light of the assignment of the SSBR Agreement from Dow Europe GmbH to Styron, the term “DOW” as appears
throughout the SSBR Agreement shall read as “Styron”. 
 1. Amendment of Article 1 (Definition of “Commercialized Grades”
and “Unplanned Shutdown”). 
  

	1.1	Article 1.12 shall be deleted in its entirety and replaced with the following: 

 “1.12 “Commercialized Grades” means all grades of SSBR (a) that have been produced as Developmental Grades at least three (3) times without any major change in either of
(i) the respective recipe or (ii) the relevant manufacturing process conditions during the commercialization process and are therefore deemed mature to be commercially produced in the New Train, (b) that have reached an average
productivity of [*****] MT or more per day for a batch polymerization grade and [*****] MT or more per day for a continuous polymerization grade, and (c) where the respective Product Specifications have been agreed upon by the Parties. Any
exceptions to the commercialization process of a SSBR grade, including any acceleration, require mutual agreement by the Parties. For the purpose of this Article 1.12, the average productivity shall be calculated using the formula set out below:

 Average productivity = [*****] 
 Where [*****] 

  

Confidential 

 For the purpose of this calculation, (i) any days on which an Unplanned Shutdown
occurs, (ii) any days on which production volume of the Products decreases due to the same causes as an Unplanned Shutdown, and (iii) any days on which production volume of the Products decreases due to shortage of raw materials shall be
excluded from this calculation.” 
 Further to and in connection with the amendment of Article 1.12 Article 9 shall be amended as set out
in Paragraph 5 of this Amendment. 
  

	1.2	Article 1.52 shall be deleted in its entirety and replaced with the following: 

 “1.52 “Unplanned Shutdown” shall mean an unscheduled event of more than twenty-four (24) hours (less than thirty (30) MT as measured in packaging per day measured from 0:00 to
23:59), caused by equipment break down or external factors such as utility supply, severe weather conditions, and operational mistakes. Notwithstanding the foregoing, shutdown time caused by unstable manufacturing conditions on the way to establish
the manufacturing technology in the development stage, starting day of polymerization and planned cleaning days for the change between Styron Time Slots and JSR Time Slots as well as any blockage or alike issue due to or caused by product properties
like gel content despite changing and cleaning polymer filters every four (4) days and in case of a pressure drop or increase (as the case may be) of the polymer filter of 1.5 bar or more, such pressure drop or increase being solely considered
as indication for gel content and/or get formation, shall be excluded from the shutdown time for a calculation of an Unplanned Shutdown.” 

2. Amendment of Article 4 (Sub-Paragraph of “Supply and Off-Take of Product”) 

 

	2.1	Article 4.5 shall be amended to include the following new paragraphs at the end of it: 

 “Notwithstanding the foregoing, the Parties agree that: 
 Unplanned Shutdowns

  

	(a)	the Calendar Days of (an) Unplanned Shutdown(s) shall be counted in each Time Slot. If the Calendar Days of an Unplanned Shutdown in one Party’s Time Slot exceed
an aggregate of three (3) Calendar Days, then any time in excess of these three (3) Calendar Days shall be shared between the Parties in equal shares; 

 Example (for illustration purposes only): 
 If during any of either JSR’s or
Styron’s respective Time Slot the following occurs: 
  

					
	Days of Unplanned Shutdown	  	Occurrence during Time Slot	  	Aggregate in a Time Slot
	 5 days
	  	2 times	  	10 days
	 3 days
	  	1 time	  	3 days
	 2 days
	  	3 times	  	6 days

 Total                                
                                         
                                         
                                   19 days 

In this example, the Parties will share in equal portions sixteen (16) Calendar Days of the Unplanned Shutdown, resulting from the total of 19
Calendar Days minus 3 days. 

  

Confidential 

 Cleaning 
  

	(b)	Prior to the beginning of each Styron Time Slot, Styron will conduct a complete cleaning of all batch reactors that are not “clean” or “clean
enough”. Prior to the beginning of each JSR Time Slot, the Parties shall discuss in good faith and may agree to change the planned cleaning days prior to the scheduled start of the next Styron Time Slot, taking into due consideration the actual
days spent for the cleaning after the previous three (3) JSR Time Slots. If (i) the actual cleaning time exceeds or is less than seven (7) Calendar Days, or (ii) the number of cleaning days changed due to the Parties’ good
faith considerations referred to in the immediately preceding sentence, as applicable, the additionally required or spare (unused) days, as the case may be, will be taken into account and the balance will be readdressed within the next JSR Time
Slot, or any other JSR Time Slot following thereafter as the Parties may agree, acting reasonably. Notwithstanding the foregoing, Styron may, in its discretion, conduct the cleaning of any batch reactor that is, or in case of doubt or dispute is
verified to be, “clean” or “clean enough” as Styron sees appropriate, provided however, that Styron shall bear all costs and time for such cleaning, it being acknowledged and agreed that notwithstanding the other provisions
regarding cost allocation and/or time sharing in this Agreement, no portion of any costs and time related to such cleaning (of a batch reactor that is, or in case of doubt or dispute is verified to be, “clean” or “clean enough”)
shall be charged to or shared by JSR; 

  

	(c)	Styron will clean the filter once every four (4) to six (6) Calendar Days if indicated. Indication for filter replacement shall be a pressure drop or increase
(as the case may be) of 1.5 bar or more, or such other time intervals and/or indication parameters, including a different pressure drop or increase, as the Technical Committee may deem necessary and/or appropriate from time to time and agree on by
way of technical protocol (in each case, “Agreed Procedure”) which, once agreed, shall be binding between the Parties for the time being and supersede previously agreed time intervals and or indication parameters; 

 

	(d)	the costs relative to such Cleaning in accordance with Article 4.5 (b), Sentence 1 and 2 only, and (c) shall be allocated and dealt with in accordance with the
fourth major bullet point under Paragraph 2.1 of Schedule 2; 

  

	(e)	in the event that any gel formation during a JSR Time Slot unexpectedly damages Styron plant equipment, JSR will incur all cost related to the necessary repair and bear
fully the respective lost production time and reimburse Styron accordingly and upon first demand, however, on the condition that JSR receives a reasonable explanation from or on behalf of Styron giving the reason for the damaging the plant
equipment. In the event JSR does not accept and/or agree with said explanation, the Parties shall meet at the appropriate level and with the support of their relevant internal as well as, if necessary, external technical experts and discuss in good
faith with the clear objective to resolve the matter in an amicable and timely manner. Any costs related to the involvement of an external technical expert shall be borne equally by JSR and Styron unless the external technical expert comes to the
conclusion that the damage to the Styron plant equipment was entirely or predominately caused by the gel formation during the JSR Slot despite changing and cleaning polymer filters in accordance with the Agreed Procedure in which case JSR will bear
the costs of the external technical expert alone. 

  

	(f)	Styron shall use all reasonable endeavors to optimize the cleaning activity as efficiently as reasonably practicable; 

 

	(g)	if and to the extent any Unplanned Shutdown time is shared by the Parties in accordance with this Article 4.5, Styron shall give JSR reasonable explanation as to the
causes and other reasonable information and provide proof of such Unplanned Shutdown; and 

  

Confidential 

 (h) 
 (A) in order to verify the “clean” status of the New Train before a JSR Time Slot, Styron shall conduct an endoscope video investigation of the batch reactor(s) of the New Train and show the
video results to JSR prior to beginning of each JSR Time Slot. With respect to the third (3rd) JSR Time Slot in 2012, the endoscope video investigation will be made in three (3) batch reactors. With respect to subsequent JSR Time Slots,
one (1) batch reactor (and the other one (1) or two (2) batch reactor(s) as long as JSR so requires, acting reasonably) will be investigated. If one (1) batch reactor is investigated, Styron shall bear the costs and time for such
investigation. If an additional one (1) or two (2) batch reactor(s) are investigated according to JSR’s reasonable requests, JSR shall bear the costs and time for such additional investigation. 

(B) Notwithstanding the foregoing, if the batch reactor investigation(s) referred to above verify the “clean” status of the New
Train before the relevant JSR Slot(s) on three (3) consecutive occasions applying at each occasion the same cleaning procedure, including but not limited to hot solvent cleaning, then the “clean” status of the New Train prior to a JSR
Slot shall be deemed established for the purposes of this Article 4.5 and Styron shall be released going forward from the obligation to conduct and/or carry out any batch reactor investigations under and in the context of this sub-paragraph (h),
however, it being acknowledged and agreed that Styron will continue to apply the same cleaning procedure, including but not limited to hot solvent cleaning, of all batch reactors of the New Train prior to each JSR Slot. 

(C) Notwithstanding the preceding sub-paragraph (h)(B), if JSR, acting reasonably and by at least thirty (30) day prior notice to
Styron, so requires, Styron shall conduct an endoscope video investigation of as many batch reactors of the New Train as JSR may require and show the video results to JSR prior to beginning of the relevant JSR Time Slot. JSR acknowledges and agrees
that (i) any such request by JSR and the subsequent endoscope video investigation may delay the beginning of the relevant JSR Slot, and (ii) unless such investigation reveals that a batch reactor was not “clean” or “clean
enough”, JSR will not be compensated for any time lost in connection with the relevant inspection and is not entitled to claim any additional production time, whether following the JSR Slot directly concerned by the inspection or as an addition
to any future JSR Slot. JSR shall bear the full costs and time for such investigations according to such JSR’s requests. If, however, any such investigation reveals that any of the batch reactors is not “clean” or “clean
enough”, Styron shall bear the full costs and time for such investigations and the deemed “clean” status under sub-paragraph (h)(B) shall be deemed incorrect and the Parties shall revert to the practice established under sub-paragraph
(h)(A), up and until Styron is able to prove again the “clean” status of the New Train on three (3) consecutive occasions in accordance with sub-paragraph (h)(B) in which case the provisions of sub-paragraph (h)(B) shall fully apply
again. 
 (D) In the event that any endoscope investigation in accordance with this Article 4.5 (h) reveals that any batch
reactor is not “clean” or “clean enough”, Styron shall conduct complete cleaning of all batch reactor(s) that are not “clean” or “clean enough” prior to the beginning of the next JSR Time Slot. Styron shall
bear the full costs and time for such cleaning in accordance with this sub-paragraph (h)(D), it being acknowledged and agreed, for the avoidance of doubt, that no portion of such costs and time for such cleaning shall be charged to or shared by JSR.

  

Confidential 

 (E) Notwithstanding sub-paragraph (h)(D), if JSR, acting reasonably and by notice to Styron
at least thirty (30) days prior to the scheduled start of a JSR Time Slot, so requires, Styron shall conduct complete cleaning of the batch reactors that are “clean” or “clean enough” as reasonably required by JSR, unless
JSR, judging reasonably from the results of the endoscope investigations, gives notice to Styron not to conduct all or part of such cleaning. JSR shall bear the full costs and time for the cleaning, whether carried out fully or partly, (including
cancellation fees for the cleaning arrangement if applicable) in accordance with this sub-paragraph (h)(E). 

(i) For the purposes of Article 4.5 (b), (e) and (h), “clean” or “clean enough” shall mean
that a reactor is free of residuals of polymeric material on the reactor walls and/or the agitation system with an approximate sum of all polymer deposits in one (1) batch reactor larger than 1m2 area and 5mm thickness. The definition of “clean” or
“clean enough” agreed in this Article 4.5 (i) may be revised by mutual agreement by the Parties taking into due consideration the actual operation situations of the New Train. 

(j) after the end of each JSR Time Slot, if JSR acting reasonably so requires, Styron shall conduct complete cleaning of the pre-reactor
prior to the beginning of the next JSR Time Slot as reasonably required by JSR, provided that JSR shall bear the full cost of such cleaning. 
  

	2.2	Article 4.9 shall be amended to include the following wording as a separate paragraph at the end of it: 

“Notwithstanding the foregoing, with respect to any Commercialized Grades the Parties will set at the beginning of each JSR Time Slot
the planned production volume for each Commercialized Grade in such JSR Time Slot as the target production volume of such Commercialized Grade (“Target Volume”). Provided the actual production volume of a Commercialized Grade during the
previous JSR Time Slot exceeds 90% of the Target Volume, then Styron is entitled to request from JSR and JSR is obliged to make a Bonus Payment to Styron. The amount of such Bonus Payment shall be 50 EUR for each full 1 MT of surplus production
volume above 90% of the Target Volume.” 
 3. Amendment to Article 5 – (Price and Invoicing) 

The FAP table in Article 5.3 shall be deleted and replaced with the following: 
 “In consideration for the elimination of the Waste Water component in the calculation of the FAP rate under this Agreement as from Q2 2012, an amount of Euro [*****] shall be added to the portion of
fixed costs payable to Styron for handling the ongoing gel issue. Said amount shall cover all internal cost of Styron, including but not limited to, (i) costs for preparation and administration of the cleaning, (ii) manpower engaged in the polymer
filter cleaning once every [*****] Calendar Days, and (iii) coordinating the extended cleaning periods at the end of each JSR Time Slot (agreed in Article 4.5 (b) and (c) to amount up to [*****] additional Calendar Days in case of [*****] cleaning
days), but will not include additional services rendered by Styron to JSR according to specific request from JSR, such as, for instance, continuous gel analytics. Any third party cost relating to the issue will go further into the variable invoice,
provided however, for the avoidance of doubt and in accordance with Article 4.5 (e) above, that any third party cost for cleaning of the finishing line for [*****] Calendar Days at the end of the JSR Time Slot will be included in the FAP and not
charged separately. 

  

Confidential 

 Reflecting the above principles, the FAP table shall be as follows: 

 

			
	 Periods after RTO
	  	 FAP (in MM Euro)

	 [*****]
	  	 [*****]

	 [*****]
	  	 [*****]

	 [*****]
	  	 [*****]

	 [*****]
	  	 [*****]

	 [*****]
	  	 [*****]

	 [*****]
	  	 [*****]

	 [*****]
	  	 [*****]

	 [*****]
	  	 [*****]

 Example (for illustration purposes only): 

Period 4 starts in May 2012. This means: 
 [*****] 
 In 2013 this would mean: 

[*****] 
 4. Amendment of
Article 7 (Furnishing of Raw Materials and Utilities) 
  

	4.1.	The heading of Article 7 shall be amended to read as follows: 

 “Furnishing of Raw Materials and Utilities, Planning, Butadiene Shortages”. 
 The table of content on page 2 of the SSBR Agreement shall be updated accordingly. 
  

	4.2	Article 7 shall be amended to include the following Articles 7.3, 7.4, 7.5 and 7.6 respectively: 

“7.3 The Parties agree that Styron will logistically handle the supply of Butadiene in connection with the Agreement (including
potential oversupply) against a charge per MT of Butadiene consumed by JSR of the Butadiene contract formula ICIS monthly contract plus Euro [*****]. 
 7.4 For each production period JSR will put together, and by no later than the 15th of the previous month, submit to Styron a good faith, best-estimate production forecast for the next following month
(each a “JSR Forecast”) based on historical run rates per grade which Styron shall use as baseline for the ordering of any raw material, including Butadiene. In case JSR does not supply this information at the required time, Styron will
estimate the Butadiene and other raw material consumption of the relevant JSR production run by applying average run rates of the [*****] of the respective grades and order Butadiene (and other raw materials) for JSR in line with such estimate.
Styron will inform JSR about the estimate within reasonable time and such estimate shall be deemed the JSR Forecast for the respective month. 
 7.5 In the event of a shortage of Butadiene for whatever reason beyond Styron’s reasonable control (each a “Shortage”) such Shortage shall be shared [*****] between Styron and JSR on a
[*****] basis based on the relevant JSR Forecast and Styron’s respective rubber production planning for the time in question. Each of the Parties therefore acknowledges and agrees that in the event of a Shortage: (i) Styron will reduce the run
rates of the Styron rubber trains, including the New Train, applying the [*****]; (ii) no Unplanned Shutdown time shall be [*****] if the reduced target production of the production period is met during the respective Shortage; and
(iii) certain daily run rate adjustments of trains might be necessary due to delivery plan and actual delivery time changes. For avoidance of doubt capacity and production losses due to Shortages cannot be recovered by later runs and will not
lead to additional production time for either Party. 

  

Confidential 

 Example (for illustration purposes only) 

If only [*****]% of the ordered Butadiene can be delivered in a particular [*****] day period for reason beyond Styron’s reasonable
control and such particular [*****] day period falls within a JSR Time Slot, the New Train Butadiene consumption in JSR Time Slot will be reduced to [*****]% as well as Styron’s Butadiene consumption amongst all its other trains will be reduced
to [*****]%. 
  

	7.6	     

  

	 	7.6.1	If Styron is reasonably required to buy Butadiene that is short at the time at spot prices on the free market, (i) Styron will notify JSR about the necessity to
buy certain quantities of Butadiene from the spot market without any undue delay; (ii) upon receipt of such notification from Styron, JSR will have the opportunity to decide in a reasonably timely manner whether or not it is willing to buy such
shortage Butadiene from the spot market and if so, which quantities it desires; and (iii) if JSR notifies Styron of its intention to buy certain quantities of Butadiene, Styron will purchase these quantities of Butadiene and sell the same to JSR.
For the amount of Butadiene purchased on the spot market on behalf of JSR Styron will invoice JSR the ICIS monthly spot price plus Euro [*****] per MT Butadiene. 

 

	 	7.6.2	JSR shall inform Styron promptly if it is unwilling to buy the short Butadiene at spot prices on the free market but in any event prior to Styron making the respective
purchases. In this case Styron will operate the New Train on the basis of a [*****] of the short Butadiene in accordance with Article 7.5 above for the respective production period.” 

5. Amendment of Article 9 (Quality) 
  

	5.1	The heading of Article 9 shall be amended to read as follows: 

 “Commercialized Grades and Quality”. 
 The table of content on page 2 of
the SSBR Agreement shall be updated accordingly. 
  

	5.2	The Parties agree to insert at the end of Article 9.1 the following independent paragraphs: 

“The Parties agree to use all their respective reasonable efforts to mature HP755D into Commercialized Grades in accordance with the
terms of this Agreement in 2012. 
 Notwithstanding the foregoing and anything to the contrary in this Article 9, the Parties
acknowledge and agree: 
  

	 	(a)	to specify detailed definitions of key performance indicators for stable manufacturing conditions required to specify a grade as “commercialized” for the
purposes of this Agreement. Such indicators will include certain requirements for specification limits, control limits, recipes, and actual values need to be close to center of specifications (as indicated by CpK, and alike). Process capability
indicators will include the technological capability of the plant and the analytical capability of the methods used. The Operating Committee and Technical Committee shall work on the specific details; 

  

Confidential 

	 	(b)	that the [*****] of start and re-start of polymerization cascade will be excluded from the CpK calculation as well as from the respective prime rate and run rate
calculation (which form the basis for the Bonus Payment under Article 4.9 and the basis for the Bonus Payment and Malus Payment under Article 9.2); 

  

	 	(c)	that for the commercialization of a grade, a run length in excess of [*****] weeks is required. In this context, JSR agrees not to require Styron at a later stage to
[*****] as this may cause issues in coagulation as well as increased wet spot formation; 

  

	 	(d)	that stable conditions and quality should always have priority over run rate. Any quality changes derived from the nature of the products after release (for instance,
Mooney jump), shall not be part of the quality assessment under this Article 9 or any other term of this Agreement.” 

  

	5.3	Article 9 shall be amended to include the following Article 9.15: 

 “9.15 Before Commercialization of a Grade, Styron will, upon request by JSR, supply any of the information referenced to be available at this stage in the Appendix A to the “AGREEMENT (No. 1) on
JOBS and FUNCTION of EMPLOYEE ENGAGED in PRODUCTION of JSR’s PRODUCTS at the SCHKOPAU PLANT” between Styron and JSR effective as from 1 April 2011 (“Engineer Agreement”), in accordance with the agreed principles stipulated
in the Engineer Agreement. In addition, Styron will grant and admit JSR’s personnel reasonable access to and presence in the finishing line of the New Train during any JSR Time Slot, such access and presence to be during normal working hours
and upon mutual agreement of the Parties, acting reasonably. The Parties acknowledge and agree for the purposes of execution, delivery and performance of the this Agreement and Engineer Agreement that information disclosure by Styron to JSR and
JSR’s personnel’s presence in the production site during any JSR Time Slots for the purposes of solving quality problems, improving product quality and productivity and prime rate and ascertaining the stable operation during JSR Time Slots
can be construed differently for the purposes of applicable anti-trust law: on the one hand, the sharing of certain sensitive information and data between parties, in particular competitors, is per se regarded as highly problematic for anti-trust
law purposes and the burden of proof that this sharing is not contrary to the provisions of Art. 101 (1) of the Treaty on the Functioning of the European Union (as amended) would be upon the Parties; on the other hand, the sharing could be
considered as pro-competitive in light of competition law in that such information disclosure and the presence of JSR personnel will enable Styron to produce, and JSR to sell, more volumes of products of better quality and effectively promote the
competition in the S-SBR product market. In the light of the above, the Parties agree to assess the disclosure and presence of JSR personnel on a case by case basis based on an appropriate antitrust analysis. In the absence of an agreement between
them, notwithstanding any good faith effort on both parts, each party shall be free to involve an agreed antitrust specialist to assist resolving the matter. The party whose opinion turns out to be incorrect shall bear the costs of said specialist;
otherwise the Parties shall share the costs jointly.” 

  

Confidential 

 6. Amendment of Article 15 (Payment Terms) 
 Article 15.1 of the SSBR Agreement shall be deleted in its entirety and be replaced with the following paragraph: 
 “15.1 
  

	 	15.1.1	Styron will issue and JSR will receive invoices for raw materials, utilities and services consumed during the previous month until the [*****] day of each month by fax
and JSR will pay such invoice by the end of the month in which the invoice was received. 

  

	 	15.1.2	Styron will issue and JSR will receive invoices for payment of the relevant Fixed Annual Payment (“FAP”) on a quarterly basis until the [*****] day of first
month of each quarter by fax and JSR will pay such invoice within [*****] days. All FAP invoices issued by Styron shall contain the following completed as appropriate: 

“Fixed Annual Payment for [first month of a quarter] to [last month of a quarter] [Year] as prepayment for the production of
synthetic rubber under the SSBR Toll Conversion and Capacity Rights Agreement EUR [amount for the quarter] as total amount for the quarter, EUR [amount per month] as respective amount for each month”. 

 

	 	15.1.3	All payments shall be made in Euros. Payment shall be made to a bank of Styron’s choice by telegraphic transfer against invoice and documents, or letter of
indemnity for missing documents.” 

 7. Amendment of Schedule 2 (Fixed Annual Payment (FAP) Included Items)

 Paragraph 2.1 of Schedule 2 shall be amended by: 
 (1) deleting the fifth (5th) bullet point “Waste water treatment” from the third major bullet point “Site and infra-structure service”; and 
 (2) adding as a new major bullet point at the end of this Paragraph 2.1, such new bullet point being the fourth major bullet point under this Paragraph: “All of Styron’s (i) internal costs
relative to the coordination of cleaning referred to in Article 4.5 Cleaning, and (ii) external costs relative to the [*****] day finishing line cleaning are included in the respective portion of the FAP rate. Any external cleaning costs
other than for the [*****] day finishing line cleaning, including for instance, high pressure cleaning through an external provider, will be invoiced separately as part of the variable costs. JSR will be entitled to audit all relevant invoices in
relation to such costs in accordance with Article 16.1.”. 

  

Confidential 

 8. Amendment of Schedule 3 (Variable Payment to cover Costs of Raw Materials, Energy, Utilities and
Services) 
 The table contained in Schedule 3 shall be deleted in its entirety and be replaced with the following: 

 

			
	 Cost Item
	  	 Payment Formula

	Butadiene Monomer (BD)	  	[*****]
	Styrene Monomer (SM)	  	[*****]
	Process and Polymerization Chemicals (including: oils, chemicals catalyst, stabilizers, inhibitors, process aids and other chemicals)	  	[*****]
		
	Cooling Tower Water (CTW)	  	[*****]
		
	Compressed Air, Water (boiler-Feed-Water, River Water, Drinking Water)	  	[*****]
		
	Nitrogen	  	[*****]
		
	Natural Gas	  	[*****]
		
	Power	  	[*****]
		
	Steam	  	[*****]
		
	Process Coolants other than CTW	  	[*****]
		
	Solid and Liquid Disposal	  	[*****]
		
	Waste Water	  	[*****]
		
	Packaging, Site Logistics and Supply Chain Services	  	[*****]
		
	Maintenance, Cleaning and other services (if not included in FAP)	  	[*****]
		
	Process Oil	  	[*****]

  

Confidential 

 9. General 
 9.1 As modified by this Amendment the SSBR Agreement shall remain in full force end effect in accordance with its terms. 
 9.2 The amendments contained in Paragraph 3, 4 and 7 shall become effective on and be effective as of April 1, 2012, the rest of the amendments shall become effective as from the date of execution of
this Amendment. 
 9.3 If any provision of this Amendment is unenforceable, invalid or prohibited by any applicable law of treaty or court of
competent jurisdiction, that provision will be severed and inoperative and the remaining provisions will be valid and binding. The Amendment will be amended to include provisions which, not being void or unenforceable, most nearly achieve the object
of the allegedly void or unenforceable provision. 
 9.4 This Amendment may be executed in counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same instrument. 
 IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be executed in duplicate by their duly authorized officers or representatives. 
  

									
	Styron Europe GMBH	 		 	 JSR Corporation Tokyo
 Wallisellen Branch

					
	By:	 	/s/ Marco Levi	 		 	By:	 	/s/ Kazushi Abe
	Name:	 	Marco Levi	 		 	Name:	 	Kazushi Abe
	Title:	 	VP Emulsion Polymers	 		 	Title:	 	Branch Manager

  

ConfidentialEX-10.2

 Exhibit 10.2 

POLYSILICON SUPPLY AGREEMENT 

THIS POLYSILICON SUPPLY AGREEMENT (the “Agreement”), between SunEdison, Inc., a Delaware corporation with its principal
offices located at 501 Pearl Drive (City of O’Fallon), St. Peters, MO 63376 USA (“Seller”), and SunEdison Semiconductor Limited, a Singapore company with its principal offices located at 11 Lorong 3, Toa Payoh, Blk B, 4th
Floor, Jackson Square, Singapore 319579 (“Buyer”) is entered into effective as of                     , 2014 (the “Effective
Date”). 
 RECITALS: 

WHEREAS, Seller manufactures high purity granular polysilicon (“Granular”) fit for use in solar and semiconductor
applications (all Granular specifications under this Agreement are collectively referred to as the “Products” or individually as the “Product”); 

WHEREAS, Buyer desires to secure a seven (7) year minimum supply of Products for its use in the manufacture of semiconductor products and
Seller desires to supply such Products to Buyer at fixed and predetermined pricing during such term; 
 WHEREAS, Seller owns stainless steel
drum containers designed for the storage and shipment of Product (“Shipping Drums”) and Buyer desires that Seller utilize such Shipping Drums for the supply of Product to Buyer hereunder; and 

WHEREAS, each of Buyer and Seller wish to establish the terms and conditions pursuant to which Buyer shall purchase, and Supplier or
Supplier’s Affiliates shall sell and deliver the Products, each as set form in this Agreement. 
 NOW, THEREFORE, in consideration of
the foregoing and the mutual representations, warranties, covenants and agreements herein contained, the Buyer and the Seller agree as follows: 

1. Term and Termination. 

1.1. Term. 
 a) This
Agreement shall become effective on the Effective Date and shall terminate on December 31, 2020, unless earlier terminated as set forth in this Agreement. 

b) The Term of this Agreement may be extended for an additional period of time upon mutual written agreement between Buyer and Seller at any
time prior to ninety (90) days from the termination date designated in Section 1.1 (a), with such written agreement to incorporate price, quantity and payment terms. For the avoidance of doubt, the pricing and quantity commitments
applicable to the Term shall not apply to any extensions unless mutually agreed in writing. 

  
 1 

 1.2. Termination. 

a) Buyer may terminate this Agreement by providing no less than twelve (12) months’ written notice of its intent to terminate to
Seller. 
 b) Seller may terminate this Agreement by providing no less than twenty-four (24) months’ written notice of its intent
to terminate to Buyer. 
 c) Either Buyer or Seller may terminate this Agreement by written notice to the other party if the other party
commits a material breach of this Agreement and fails to remedy such breach within thirty (30) days after written notice from the non-breaching party. The non-breaching party must include in the written notice the nature of the breach and
demanding that the same be remedied. In addition, any party to this Agreement may terminate this Agreement by written notice to the other party, but only if such other party (a) becomes insolvent, (b) makes a general assignment for the
benefit of creditors, (c) suffers or permits the appointment of a receiver for its business or assets, (d) becomes subject as the debtor to any proceeding under any bankruptcy or insolvency law, whether domestic or foreign, or
(e) commences liquidation or dissolution proceedings, voluntarily or otherwise. 
 d) This Agreement shall automatically terminate upon
a Change in Control of Buyer. For purposes of this Agreement, a “Change of Control” means, with respect to Buyer, the occurrence of any of the following: (i) a “Person” (as such term is used in Sections 13(d)
and 14(d)(2) of the Exchange Act and shall specifically exclude Seller and Seller’s Affiliates) becomes a beneficial owner, directly or indirectly, of equity representing fifty percent (50%) or more of the total voting power of
Buyer’s then outstanding equity capital; (ii) Buyer merges into, is consolidated with or effects an amalgamation with another Person, or merges another Person into Buyer, on a basis whereby less than fifty percent (50%) of the total
voting power of the surviving Person immediately after such merger, consolidation or amalgamation is represented by equity held directly or indirectly by former equity holders of (and in respect of their former equity holdings in) Buyer immediately
prior to such merger, consolidation or amalgamation; and (iii) Buyer directly or indirectly sells, transfers or exchanges all, or substantially all, of its assets to another Person unless greater than fifty percent (50%) of the total
voting power of the transferee receiving such assets is directly or indirectly owned by the equity holders of Buyer in respect of their former equity holdings in Buyer immediately prior to transfer. 

1.3 Effect of Termination. The expiration or termination of this Agreement shall not relieve the Parties from any obligations accruing
prior to such expiration or termination. In addition, the obligations of the Parties that expressly or by their nature would be reasonably interpreted to survive any expiration or termination of this Agreement shall so survive, including, without
limitation, the provisions of Articles 5, 7, 8 and 10. 

  
 2 

 2. Target Purchase Quantity; Minimum Purchase Requirement; Rolling Forecasts; Product
Specification. 
 2.1. Target Purchase Quantity. During the Term of this Agreement, Buyer desires to secure from Seller a target
aggregate quantity of Product of [***] metric tons (“MT”) per year (the “Target Purchase Quantity”) and Seller desires to supply Buyer the Target Purchase Quantity at the prices set forth in Exhibit A. Buyer
shall use its best efforts to place binding purchase orders (“Purchase Orders”) each Calendar Quarter that in the aggregate equal the Target Purchase Quantity. Seller shall use its best efforts to accept such Purchase Orders. Buyer
and Seller, however, shall only be obligated for the quantities as specified below in Sections 2.2 and 2.3. 
 2.2. Rolling Forecasts and
Binding Orders. In order to permit Seller to regularly supply Buyer with its requirements of Product, Buyer shall on a quarterly basis submit to Seller a good faith estimate of the amount of the Product that Buyer will order from Seller for a
twelve month period (each such estimate a “Rolling Forecast”). Buyer shall provide the Rolling Forecast on a quarterly basis, at least forty-five (45) days preceding each Calendar Quarter, with the first Rolling Forecast to be
delivered at least forty-five (45) days prior to the commencement of the first Calendar Quarter during the Term. Buyer shall additionally provide Seller no later than thirty (30) days preceding each Calendar Quarter its binding purchase
commitment for Product that Buyer identifies as needed from Seller in the next Calendar Quarter (each a “Binding Order”) and for each Binding Order, Buyer shall submit to Seller Purchase Orders, at a minimum, for a cumulative
quantity of the Product stated in the Binding Order. In the absence of a Binding Order placed with Seller at thirty (30) days preceding the Calendar Quarter, the first three months quantity of Product included in the Rolling Forecast shall be
deemed to be binding upon Buyer. Buyer’s forecasts for the Product for the remaining nine (9) months of each Rolling Forecast shall be estimates only and shall not be binding upon Buyer in any manner. Seller shall not have any binding
commitment to supply amounts in excess of those amounts of Product provided in a Binding Order or an accepted Purchase Order. For purpose of this Agreement, “Calendar Quarter” shall mean January 1 to
March 31, April 1 to June 30, July 1 to September 30, and October 1 to December 31. 
 2.3.
Minimum Purchase Requirement. During the Term of this Agreement and beginning with the second Calendar Quarter of 2014, Buyer shall be required to purchase from Seller, during each Calendar Quarter no less than [***] MT of Product, (the
“Minimum Purchase Requirement”). Buyer shall be required to purchase the Minimum Purchase Requirement at the prices set forth in Exhibit A, with any Purchase Shortfalls (as hereinafter defined) to be made up on a First-in,
First-out basis using the pricing applicable at the Calendar Quarter in which the Purchase Shortfall was created, as provided in Section 2.4 below. 

2.4. Purchase Shortfall. Notwithstanding Buyer’s actual current demand for Product, Buyer shall take delivery of and remit payment
for all Product ordered pursuant to a Binding Order within the Calendar Quarter in which the Minimum Purchase Requirement is created, or Buyer shall be obligated to pay for the Purchase Shortfall as provided in this Section 2.4. At least thirty (30)
days prior to the end of any Calendar Quarter, the parties shall determine whether Buyer has satisfied the Minimum Purchase Requirement for such Calendar Quarter. Subject to the provisions of Section 7 of this Agreement, if in a given Calendar
Quarter Buyer 

  

	

	[***]	Indicates that text has been omitted which is the subject of a confidential treatment request. The text has been separately filed with the Securities and Exchange Commission. 

 
 3 

 purchases less Product than provided in the applicable Binding Order, Buyer shall pay to Seller within thirty
(30) days after being invoiced therefore, the difference between (a) the amount that would have been payable by Buyer during such Calendar Quarter if Buyer had purchased the amount specified in the Binding Order and (b) the amount
payable by Buyer during such Calendar Quarter for the actual volume of Product purchased from Seller based on the applicable price listed in Exhibit A (“Purchase Shortfall”). However, Buyer shall in no event be obligated to
pay for the Purchase Shortfall that Seller failed to deliver in accordance with the provisions of this Section 2 for any reason, unless such failure results from Buyer’s failure to deliver adequate Shipping Drums in accordance with
Section 3.3 hereof. If Buyer fails, for any reason, to take delivery of or pay for any portion of the Purchase Shortfall, Seller shall have the right (but not the obligation) to sell such portion, in whole or in part, to any third party and
Buyer shall be liable and make a payment (the “Make-Whole Payment”) to Seller in the event Seller was not able to sell the Product to a third party at a price equal to or greater than the price listed in Exhibit A. The Make-Whole
Payment shall be equal to the amount that Seller would have received if Buyer had purchased and paid for such portion of the Purchase Shortfall exceeds the price actually received by Seller, and net of selling costs, from a third party purchaser of
such portion. If the foregoing sum is not positive, Buyer shall have no liability for its failure to take delivery of or pay for such portion of the Purchase Shortfall that has been sold to a third party. In the event that Seller is not able to sell
or is requested by Buyer not to sell any portion of the Purchase Shortfall to a third party, Seller shall charge Buyer an inventory fee for the cost of storing such Purchase Shortfall and any related Shipping Drums at Seller’s facilities. 

2.5. Supply Shortfall. Subject to the provisions of Section 7 of this Agreement, if Seller cannot supply, or reasonably anticipates
that it will not be able to supply, the quantities of the Product set forth in a Purchase Order for any reason (a “Supply Shortfall”), Seller shall: 

a) promptly provide a written notice to Buyer stating in reasonable detail the proposed remedial measures, the date such inability is expected
to end and the amount of Product then available for delivery; and 
 b) take commercially reasonable efforts to procure the Product from a
third party supplier on the market and then resell the Product to Buyer according to the terms provided herein until all of Buyer’s ordered quantities have been delivered or shall take commercially reasonable efforts to expedite delivery of the
Product at Seller’s expense, including the use of air freight where delivery is otherwise greater than ten (10) business delays beyond the terms set forth in the applicable Purchase Order. 

2.6. Shipping Drum Bottleneck. Notwithstanding the provisions of Section 2.5, Buyer acknowledges that Seller’s ability to
supply the Product to Buyer at its location is dependent upon timely delivery of Shipping Drums to Seller in accordance with Section 3.3 hereof. Seller shall have no liability to Buyer for late or incomplete shipments under any Purchase Order
due to Buyer’s failure to timely make available, deliver, or cause to deliver, an adequate quantity of Shipping Drums to enable Seller to fulfill such Purchase Order and any such late or incomplete shipments shall not constitute a Supply
Shortfall hereunder. In the event 

  
 4 

 
that Buyer fails to make available, deliver or cause to deliver the Shipping Drums to Seller in accordance with the terms of this Agreement and Seller cannot make delivery of the Product under
the terms of any Purchase Order, Buyer shall pay to Seller an inventory fee for the cost of storing such Product at Seller’s facilities until such time as the Shipping Drums are returned to Seller. 

2.7. Product Specification. The Products to be supplied under this Agreement shall meet the quality requirements and specifications as
agreed to by the Parties as set forth in Exhibit B (the “Product Specifications”) to this Agreement. Seller shall maintain, in accordance with Seller’s standard procedures, accurate records and data for any quality
testing done by or for Seller of any Products purchased by Buyer hereunder and shall make such records and test data available to Buyer upon reasonable request. 

3. Price; Payment Terms; Delivery. 

3.1. Price. The price per kilogram (“kg”) for Products delivered hereunder shall be as set forth on Exhibit A.
The prices shall be firm until December 31, 2020, however, such prices are subject to adjustment at the sole discretion of Seller only after providing two years’ written notice to Buyer of the adjusted prices. 

3.2. Payment Terms. Seller shall issue an invoice denominated in US Dollars to Buyer for each shipment of Product. Payment for each
invoice shall be due net within thirty (30) days from the date of such invoices. Payment of invoices by Buyer shall be by wire transfer, ACH, check or by other means as mutually agreed on by the parties. 

3.3. Delivery and Title Transfer. All Product is sold FCA Shipping Point (Incoterms 2010) as specified by Seller. All Product will be
packaged and shipped in Seller’s Shipping Drums, which Buyer shall make available, deliver or cause to deliver to Seller’s manufacturing facility in Pasadena, Texas at Seller’s expense at least 30 days prior to the delivery date
specified in any Purchase Order. Buyer will arrange for and pay all freight, insurance and shipping costs associated with the delivery of the Product and the Shipping Drums to Buyer. Seller will arrange for and pay all ocean freight, insurance and
shipping costs associated with the return delivery of the Shipping Drums to Seller from Buyer’s facilities. If return delivery of the Shipping Drums is required to be expedited, such as through the use of air freight, from a facility controlled
by Buyer to Seller’s manufacturing facility at no fault of Seller, Buyer shall arrange for all shipping costs incremental to those otherwise borne by Seller. 

3.4. Set-off. Only uncontested or legally proved claims shall entitle Buyer to set-off or withhold payment to Seller in the respective
amount proven. 
 4. Orders and Deliveries. 

4.1. Purchase Orders. All orders by Buyer for Product hereunder shall be made by means of a written or electronic purchase order. Any
specific instructions for shipment will be conveyed via the purchase order. All such purchase orders shall be subject to the terms and conditions set forth in this Agreement, as supplemented by the confirmed quantities. Buyer’s purchase order
will be deemed to be accepted by Seller unless written notification and justification to the contrary is received by Buyer within twenty-four (24) hours of Seller’s receipt 

  
 5 

 
of the purchase order. Unless expressly agreed in writing by Seller and Buyer, no additional or different terms or conditions contained in any quotation, sales order, acknowledgement form,
purchase order or other communication from Seller or Buyer shall be binding upon Seller or Buyer, and each party objects to any such additional or different terms or conditions. No accepted purchase order may be cancelled or altered except upon
terms and conditions acceptable to both Seller and Buyer, as evidenced by its written consent. Invoices shall reference the applicable purchase order and shall be submitted for payment by Seller to the Buyer accounts payable address specified in
writing from time to time by Buyer. To the extent there is any conflict between the terms and conditions of this Agreement and of any purchase order, the terms of this Agreement shall apply. 

5. Warranty of Seller; Disclaimer of Other Warranties; Buyer’s Exclusive Remedy. 

5.1. Specifications. Seller warrants that the Products sold under this Agreement shall conform to the specifications established in
writing by Seller and agreed to in writing by Buyer from time to time for such Products. 
 5.2. Disclaimer. THE
WARRANTY SET FORTH HEREIN IS IN LIEU OF ANY AND ALL WARRANTIES EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. BUYER ACKNOWLEDGES THAT NO OTHER REPRESENTATIONS WERE MADE TO IT
OR RELIED ON BY BUYER WITH RESPECT TO THE QUALITY AND FUNCTION OF THE PRODUCT HEREIN SOLD. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, SELLER EXPRESSLY DISCLAIMS ANY WARRANTY THAT ANY PRODUCT SHALL CONFORM TO ANY SPECIFICATION OR STANDARD OF
PERFORMANCE COMMUNICATED TO BUYER’S CUSTOMERS, SUBCONTRACTORS, SUBSIDIARIES OR AFFILIATES. 
 5.3. Buyer’s Remedies.
Buyer’s sole and exclusive remedy for failure of the Product sold under this Agreement to meet specifications, or for failure of any other obligation of Seller relating to the quality of Product to be sold under this Agreement, shall be
expressly limited to Seller issuing a credit to Buyer’s account for the quantity of Product that does not conform to the warranty set forth in this Section 5. Buyer shall have the option to obtain replacement Product from Seller in the
event of a breach of Seller’s warranty set forth in this Section 5 in volumes not to exceed the amount of the order which is being replaced and at the then current price as set forth in Exhibit A. If Buyer obtains replacement
Product from Seller, such replacement Product shall not be subject to the estimate and order terms set forth in Section 4 of this Agreement. 

5.4. Limitation of Liability. IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR SPECIAL, INDIRECT, CONSEQUENTIAL OR INCIDENTAL DAMAGES
ARISING UNDER CONTRACT, WARRANTY, TORT, NEGLIGENCE, STRICT LIABILITY OR ANY OTHER THEORY OF LIABILITY. Such disclaimed damages include but are not limited to loss of profits, damage to property, or claims of third parties. In any event,
Seller’s total liability under this Agreement shall be limited to the purchase price paid to Seller for Product within the immediately-preceding three (3) month period. 

  
 6 

 6. Risk of Loss. Risk of loss or damage to Product shall pass to Buyer consistent with the
terms set forth in Section 3.3. 
 7. Force Majeure. No party shall be liable or responsible for any delay or failure to perform
due to any cause or condition beyond its reasonable control, whether foreseeable or not, including, without limitation, acts of God, war, riot, fire, explosion, accident, flood or sabotage; lack of adequate fuel, power, raw materials, labor,
containers or transportation facilities; compliance with governmental requests, laws, regulations, orders, action or national defense requirements, embargoes or acts of civil or military authorities; theft, breakage or failure of machinery or
apparatus; or in the event of labor trouble, strike, lockout or injunction (it being agreed that neither party shall be required to settle a labor dispute against its own best judgment). Each party shall give prompt written notice to the other
parties of any such event, and any affected orders shall be suspended for the duration of the delay. Any party may, by prior written notice, terminate all or any part of the uncompleted portion of an order(s) if delivery is delayed more than
ninety (90) days due to causes covered by this provision. If Seller determines that its ability to supply the total demand for the Product is hindered, limited or made impracticable due to any of the causes covered by this provision, Seller may
allocate its available supply of Product (without obligation to acquire other supplies of any such goods or material) first to itself for the purposes described in Section 2 hereof on such basis as Seller determines to be equitable without
liability for any failure of performance which may result there from. 
 8. Indemnification. Without prejudice to what is stated under
Sections 5.2, 5.3 and 5.4 above (which in any case shall prevail), Buyer shall indemnify and hold Seller and its directors, officers, employees, contractors and agents, harmless from any liability (including reasonable attorneys’ fees),
harmless from and against any and all loss, claim, damage, liability, cost and expense caused by or resulting from any claim, suit, cause of action, action or proceeding of any kind whatsoever against Seller, arising out of or in connection with
this Agreement and the transactions contemplated hereby which may result from Buyer’s breach of this Agreement. It is also understood and agreed that Seller shall indemnify and defend Buyer and its directors, officers, employees, contractors
and agents, from any liability (including reasonable attorneys’ fees) for any loss, damage or injury to persons or property which may result from the breach of Seller’s representations, warranties, and covenants in this Agreement. 

9. Taxes and Governmental Charges. Any existing tax, excise or governmental charge imposed, or any increase in or any new or additional
tax or charge imposed after the date of this Agreement, other than taxes on or measured by income of Seller, upon the sale, shipment, delivery, use, storage or consumption of the Product sold under this Agreement which is imposed by any federal,
state or local authorities and which becomes assessed upon and payable as to the Product delivered to Buyer under the terms of this Agreement, shall be paid by Buyer in addition to the price paid for Product as set forth in Exhibit A of this
Agreement. 
 10. General Provisions. 

10.1. Confidentiality. Each party acknowledges and agrees that the core terms of this Agreement, including pricing, quantity commitments
and product specifications, should be considered confidential information and further, that in connection with the rights and obligations created under this Agreement, each party may gain access to additional confidential

  
 7 

 
information of the other Party and each Party hereby agrees that all such information shall be subject to the provisions of the Mutual Non-Disclosure Agreement executed by the Parties and in
force as of the Effective Date (the “Mutual Non-Disclosure Agreement”). For the avoidance of doubt, the Parties hereby acknowledge and agree the provisions of the Mutual Non-Disclosure Agreement shall survive for a period of ten
(10) years following the expiration or termination of this Agreement. 
 10.2. No Partnership. Nothing contained in this
Agreement shall create or shall be construed as creating a partnership, a joint venture or an agency relationship between the parties to this Agreement. The parties agree to perform in accordance with this Agreement only as independent contractors.
Neither party has the right or authority to assume or create any obligations or responsibilities, express or implied, on behalf of the other party, and neither party may bind the other party in any manner or thing whatsoever. Neither party shall be
liable, except as expressly provided otherwise in this Agreement, for any expenses, liabilities or other obligations incurred by the other. 

10.3. Waiver. Failure or delay by either party to insist on the strict performance of any term or condition in this Agreement, or to
pursue any claim or right arising under this Agreement, will not constitute or be construed as waiver of such term, condition, claim or right. Any waiver by either party of a breach of any term or condition of this Agreement shall not constitute or
be construed as a waiver of any subsequent breach of the same term or condition or any breach of a different term or condition. 
 10.4.
Notice. Each notice required or permitted hereunder shall be addressed to the following addresses (or at such other addresses for a party as shall be specified by like notice) and shall be in writing and shall be deemed given (a) in the
case of personal delivery, when personally delivered to the recipient, or (b) in the case of mailing, on the third business day following the deposit with an internationally recognized carrier such as Federal Express, DHL or UPS of such notice,
and addressed to the party being given notice at such address of which either party may advise the other in writing, (c) in the case of facsimile transmission, on the day of transmission to the receiving party’s facsimile number set forth
on the signature page hereof, or to such other facsimile number of which either party may advise the other in writing, provided such facsimile is confirmed via the method described in (b) above. 

 

			
	   If to Buyer:
	  	SunEdison Semiconductor Limited
		  	 11 Lorong 3, Toa Payoh, Blk B,
 4th Floor,
Jackson Square,
 Singapore 319579

		
		  	Attention: General Counsel
		
	   If to Seller:
	  	SunEdison, Inc.
		  	 501 Pearl Drive (City of O’Fallon)
 St.
Peters, MO 63376 USA

		  	 Fax: 866-773-0793
  

		  	Attention: General Counsel

  
 8 

 10.5. Captions. Captions of Sections of this Agreement are included for reference only,
shall not be construed as part of this Agreement and shall not be used to define, limit, extend or interpret the terms of this Agreement. 

10.6. Assignment. This Agreement may not be assigned or otherwise transferred by Seller without the written consent of the Buyer, nor by
Buyer without the written consent of Seller. Notwithstanding the foregoing, either party may assign this Agreement without restriction to any of its affiliated entities upon providing written notice to the other party, provided no such transfer
shall operate to relieve the transferring party of its obligations hereunder. 
 10.7. Governing Law. This Agreement shall be
interpreted in accordance with the laws of the State of Texas, without regard to conflict of laws principles. 
 10.8. Dispute
Resolution. If a dispute arises, the Parties will attempt to resolve the dispute by meeting among authorized representative of the Parties. Such meeting shall occur with thirty (30) days of the notice of dispute. If the dispute is not
resolved after conducting the above meeting, the Parties consent and agree that any claim, disputes and demands pursuant to this Agreement, except for requests for equitable relief by way of an injunction or restraining order, shall be submitted to
binding arbitration, which shall be held in New York in accordance with the rules of the American Arbitration Association (“AAA”) pertaining to commercial arbitration. Within thirty (30) days after either party has notified the
other in writing that it is submitting a claim, dispute or demand to arbitration, one arbitrator shall be appointed in accordance with said rules. The arbitrator shall have no authority to award punitive damages or any other damages excluded
herein. A hearing of no more than five (5) consecutive business days shall be completed within 180 days from the statement of claim for arbitration. The arbitration award shall be by a written decision containing findings of fact and
conclusions of law and shall be final and binding. If an arbitration is commenced and an arbitration award is written, the prevailing party shall be entitled to recover the reasonable attorney fees and costs incurred in the prosecution or defense of
the suit or action. 
 10.9. Severability. If any provision of this Agreement shall be deemed illegal or unenforceable, such
illegality or unenforceability shall not affect the validity and enforceability of any legal and enforceable provisions hereof, unless such illegality or unenforceability shall destroy the underlying business purpose of this Agreement. 

10.10. Entire Agreement. This Agreement, including any exhibit or addendum attached hereto, if any, constitutes the entire agreement
between the parties with respect to the purchase and sale of Product, and supersedes any and all prior agreements, understandings and conditions by and between the parties on the subject matter of this Agreement, and, except as otherwise provided in
this Agreement, this Agreement may be modified or amended only by a writing executed by the parties to this Agreement. 
 10.11.
Cumulative Remedies. Each and every right and remedy under this Agreement is cumulative with each and every other right and remedy in this Agreement or in any other Agreement between the parties or under applicable law. 

  
 9 

 [Remainder of page intentionally left blank; signature page follows] 

  
 10 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered as
of the date first above written. 
  

			
	SUNEDISON, INC.	  	SUNEDISON SEMICONDUCTOR LIMITED
		
	By:                                     
                                    	  	By:                                     
                                    
	Name:	  	Name:
	Title:	  	Title:

  
 11 

 EXHIBIT A 

Prices 
 The
following will be the Prices of all Product purchased by Buyer from Seller under the Agreement. Buyer shall be entitled to a [***] volume discount for Binding Orders placed in excess of [***] MT per quarter as reflected in the below table under the
heading “Volume Discount Price.” 
  

					
	 Contract Year
	  	Volume Discount Price
(per kilogram)	 	Price
(per kilogram)
	 1/1/2014 – 12/31/2014
	  	[***]	 	[***]
	 1/1/2015 – 12/31/2015
	  	[***]	 	[***]
	 1/1/2016 – 12/31/2016
	  	[***]	 	[***]
	 1/1/2017 – 12/31/2017
	  	[***]	 	[***]
	 1/1/2018 – 12/31/2018
	  	[***]	 	[***]
	 1/1/2019 – 12/31/2019
	  	[***]	 	[***]
	 1/1/2020 – 12/31/2020
	  	[***]	 	[***]

  

	[***]	Indicates that text has been omitted which is the subject of a confidential treatment request. The text has been separately filed with the Securities and Exchange Commission. 

  
 A-1 

 EXHIBIT B 

Product Specifications 

[***] 
  

	[***]	Indicates that text has been omitted which is the subject of a confidential treatment request. The text has been separately filed with the Securities and Exchange Commission. 

  
 B-1

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