Document:

amsc-ex102_277.htm

Exhibit 10.2

 

 

 

Confidential Treatment Requested by American Superconducter

Corporation

 

 

Amendment No. 1

to Supply Contract for [**] sets of DF2000/ 50Hz Electric Control Systems (According to GL2010 guideline) between Inox Wind Ltd. and American Superconductor Corporation

 

Date: 23rd February 2015

Created by: Guntram Joham

Pages: 5

 

This Amendment Number 1 (the “PPC Amendment”) to the Contract Number PPC1687-032014 dated 12th August 2014 (the “PPC Contract”) is effective as of 15th August 2014 (“Effective Date”) between Inox Wind Ltd. having its head office at Plot No. 17, Sector 16-A, Noida 201301 (U.P) India (“Inox”) and American Superconductor Corporation having its head office at 64 Jackson Road, MA 01434-Devens, USA (“AMSC US”), hereinafter collectively referred to as the “Parties” or individually as a “Party”.

 

WHEREAS, AMSC US and Inox have executed a Supply contract dated 12th August 2014 regarding the supply of [**] sets of DF2000/ 50Hz Electric Control Systems (According to GL2010 guideline) possessed by American Superconductor.

 

NOW, THEREFORE, the Parties hereto agree to further amend the Agreement as follows:

 

A. The following sections within the Agreement are deleted in their entirety and replaced as follows:

 

The AMSC ID numbers in the PPC Contract need to be changed to avoid any mistakes in production and supply.

 

1. Scope of Supply and Contract Price: 

 

	
1.1.
	
[**] ([**]) sets of Electric Control System (hereinafter “ECS”) [**] function and without Condition Monitoring System (CMS). Each set comprising of:

 

	

#
	
ELECTRIC CONTROL SYSTEM
	
AMSC ID
	
units per WEC
	
Scope of supply
	
NOT scope of supply

1

 

Confidential Portions of this Exhibit marked as [**] have been omitted pursuant to a request for confidential treatment and have been filed separately with the Securities and Exchange Commission.

 

Exhibit 10.2

 

 

 

Confidential Treatment Requested by American Superconducter

Corporation

 

	

#
	
ELECTRIC CONTROL SYSTEM
	
AMSC ID
	
units per WEC
	
Scope of supply
	
NOT scope of supply

	
1
	
#4HCA100/200/300
Hub Cabinets  including Pitch Motor
	
26117316
	
1 set
	
1 set consist of:

 -  1pcs 26117328 hub cabinet +4HCA100

 -  1pcs 26117329 hub cabinet +4HCA200

 -  1pcs 26117330 hub cabinet +4HCA300

each hub cabinet includes pitch converter with IO’s, heater, service switch and service plug

- 3 pcs No.10113715 pitch motors including cables for motor and speed feedback connection. Each pitch motor with free wheel system, brake and speed feedback.

-Industrial connector 
	
-additional distribution terminal boxes, cables and industrial plugs between the cabinets, terminal boxes and auxiliary drives and sensors

	
2
	
+4HCC100 

OVP
	
26117334
	
1 off
	
fully assembled and tested cabinet. 

cabinet includes:

-PLC IO’s with CAN Interface

-lightning protection (acc. lightning protection system)

-industrial connectors
	
-additional distribution terminal boxes, cables and industrial plugs between the cabinets, terminal boxes and auxiliary drives and sensors

2

 

Confidential Portions of this Exhibit marked as [**] have been omitted pursuant to a request for confidential treatment and have been filed separately with the Securities and Exchange Commission.

 

Exhibit 10.2

 

 

 

Confidential Treatment Requested by American Superconducter

Corporation

 

	

#
	
ELECTRIC CONTROL SYSTEM
	
AMSC ID
	
units per WEC
	
Scope of supply
	
NOT scope of supply

	
3
	
+3NCA100/200

Nacelle Control Cabinet 
	
26117340
	
1 off
	
fully assembled and tested cabinet. 

cabinet includes:

-auxiliary power supply

-auxiliary control and protection

-contactors and relays

-PLC IO’s 

-control panel

-YAW converter

-lightning protection (acc. lightning protection system)

-UPS power supply 

24VDC with batteries 

-service switch and service plug

-service box

-connection terminals
	
-additional distribution terminal boxes, cables and industrial plugs between the cabinets, terminal boxes and auxiliary drives and sensors

	
4
	
+1CCA100/110

Converter Cabinet complete
	
26117164
	
1 off

 
	
fully assembled and tested cabinet. 

cabinets includes:

-AMSC power module

(PM3000W with pre charge unit)

-PLC IO’s with CAN Interface

-filter capacitors and resistors

-crowbar unit

-generator and line choke

-contactors and relays 

-stator breaker

-grid contactor

-air to water heat exchanger

-water cooling distribution

-total power measurement

-lightning protection (acc. lightning protection system)

-connection terminals

-[**] package
	
-additional distribution terminal boxes, cables and industrial plugs between the cabinets, terminal boxes and auxiliary drives and sensors

-external water cooling unit

	
[**] ([**]) Package for [**] as per AMSC Specification for Inox DF2000 [**] and [**] Rev 4
(13-05-2014)

3

 

Confidential Portions of this Exhibit marked as [**] have been omitted pursuant to a request for confidential treatment and have been filed separately with the Securities and Exchange Commission.

 

Exhibit 10.2

 

 

 

Confidential Treatment Requested by American Superconducter

Corporation

 

	

#
	
ELECTRIC CONTROL SYSTEM
	
AMSC ID
	
units per WEC
	
Scope of supply
	
NOT scope of supply

	
5
	
+1TBC100

Tower Base Cabinet complete
	
26117159
	
1 off
	
fully assembled and tested cabinet. 

cabinet includes:

-auxiliary control and protection

-contactors and relays 

-PLC IO’s and CPU

-UPS power supply 24VDC with batteries

-service switch

-control panel

-connection terminals
	
-additional distribution terminal boxes, cables and industrial plugs between the cabinets, terminal boxes and auxiliary drives and sensors

	
6

 
	
SCADA Package
incl. wtDataCenter
	
26112620
	
1 off

 
	
-wtSCADA Server: SCADA system for wind farm server 

-wtSCADA Client: GUI to visualize all monitored turbines

-wtCommissioner: SCADA system for commissioning and trouble shooting

-wtDataCenter: Analysis tool for Licensed wind turbines and wind farms

-Highspeed datalogger: trace tool

-wtCSV Viewer: Log viewer tool with charting capabilities

-PLC Update: Software update tool for PLC code.

-Detailed document for each of the above mentioned software packages
	
-source code

-personal computer (PC)

4

 

Confidential Portions of this Exhibit marked as [**] have been omitted pursuant to a request for confidential treatment and have been filed separately with the Securities and Exchange Commission.

 

Exhibit 10.2

 

 

 

Confidential Treatment Requested by American Superconducter

Corporation

 

	

#
	
ELECTRIC CONTROL SYSTEM
	
AMSC ID
	
units per WEC
	
Scope of supply
	
NOT scope of supply

	
7
	
Control Software
	
26112620
	
1 off
	
-Control software and configuration tools for yaw-, pitch-, converter system, PLC and SLC

-Software description 

including parameter, warning and error description 

-SCL (Source Code Light) PLC source code

-[**] Support
	
-source code except PLC SCL

 

3. Payment Conditions: 

 

	
3.5
	
Approved Banks to issue LCs: 

 

	
 
	
Buyer:
	
ICICI Bank Limited (Vadodara Branch)

	
 
	
    
	
Landmark, Race Course Circle

	
 
	
   
	
Vadodara 390007, Gujarat, India

	
	
 

	
YES Bank Ltd.

102/103, CG Centre

CG Road, Panchwati, 

Ahmedabad-380009

 

	
IDBI Bank Ltd.

46A, Gautam Nagar 

Race Course Road, 

Vadodara - 390009.

	
 

Axis Bank Ltd.

B-2 & B-3, Sector 16, 

Noida Main Branch

Noida

5

 

Confidential Portions of this Exhibit marked as [**] have been omitted pursuant to a request for confidential treatment and have been filed separately with the Securities and Exchange Commission.

 

Exhibit 10.2

 

 

 

Confidential Treatment Requested by American Superconducter

Corporation

 

	
 

HDFC Bank Ltd.

6th Floor, Midway Heights,

Nr. Panchmukhi Hanuman Temple,

Kala Ghoda, Raopura, 

Vadodara – 390 001

 

ING Vysya Bank Ltd.

Plot No. C-12, G Block, 8th Floor,

BKC, Bandra (East), 

Mumbai – 400051

 

Seller shall request Buyer to take corrective action if the letter of credit from any of the 

above banks cannot be discounted by the US banks of the Seller and Buyer shall take corrective measures accordingly in consultation with the Seller.

 

Bank information of the Seller:

 

Name on the account:

American Superconductor Corporation

64 Jackson Road, Devens, MA 01434, USA 

 

For Letter of Credits and down payment (cash payments): 

Intermediary bank for payment transfers:

Standard Chartered bank (Frankfurt) GmbH

Frankfurt, Germany 

SCBLDEFX

 

B. All other terms and conditions of the contract shall continue unchanged and remain in full force and effect.

 

IN WITNESS WHEREOF the Parties have caused this Amendment of the Agreement to be executed by their duly authorized representatives effective as of the Effective Date.

 

	
Inox Wind Ltd.
	
 
	
American Superconductor Corporation

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
BY
	
/s/ Rajeev Gupta
	
 
	
BY:
	
/s/ James Maguire

	
 
	
 
	
 
	
 

	
NAME:
	
Rajeev Gupta
	
 
	
NAME:
	
James Maguire

	
 
	
 
	
 
	
 
	
 

	
TITLE:
	
Director
	
 
	
TITLE:
	
EVP Operations

	
 
	
 
	
 
	
 
	
 

	
DATE:
	
February 24, 2015
	
 
	
DATE:
	
February 25, 2015

	
 
	
 
	
 
	
 
	
 

 

6

 

Confidential Portions of this Exhibit marked as [**] have been omitted pursuant to a request for confidential treatment and have been filed separately with the Securities and Exchange Commission.amsc-ex103_276.htm

Exhibit 10.3

 

Confidential Treatment Requested by 

American Superconductor Corporation

Amendment No. 2

to Supply Contract Number PPC1687-032014

 

This amendment number 2 to Contract Number PPC1687-032014 dated 25th August 2014 (the “Contract”) is effective as of 6 Aug 2015 (“Effective Date”) between Inox Wind Ltd., having its head office at Plot No. 17, Sector 16-A, Noida 201301 (U.P) India (“Inox”) and American Superconductor Corporation, having its head office at 64 Jackson Road, Devens, MA 01434, USA (“AMSC US”), hereinafter collectively referred to as the “Parties” or individually as a “Party”.

 

WHEREAS, AMSC US and Inox executed a supply contract dated 12th August 2014 for the supply of [**] ([**]) sets of DF2000/50Hz Electric Control Systems (According to GL2010 guideline) by AMSC US to Inox; and

 

WHEREAS, AMSC US and Inox executed Amendment No. 1 to the Contract to clarify part numbers and the Parties’ banking information as well as an agreement to work collaboratively on any issues AMSC US encounters relative to drawing down on the letter(s) of credit; and

 

WHEREAS, Inox desires to purchase from AMSC US and AMSC US agrees to sell to Inox an additional [**] ([**]) sets of DF2000/50Hz Electric Control Systems (According to GL2010 guideline) for the WT2000DF Wind Turbine.

 

The Parties agree as follows:

 

	
 
	
1.
	
The title of the Contract is changed to read as follows: 

Supply Contract for DF2000/50Hz Electric Control Systems (According to GL2010 guideline) for the WT2000DF Wind Turbine.

	
 
	
2.
	
The first two sentences in sub-clause 1.1 under Clause 1  [Scope of Supply and Contract Price] of the Contract, are hereby deleted and replaced with the following:  

1.1 [**] ([**]) sets of Electric Control Systems [**] function and without Condition Monitoring System (CMS) (hereinafter “ECS”).  Each set comprising of:

	
 
	
3.
	
Sub-clause 1.3 of Clause 1 [Scope of Supply and Contract Price] is deleted in its entirety and replaced with the following:

1.3 The price for each ECS, FCA Shanghai, China and/or any place in Europe, excluding VAT shall be:  EUR [**] (EURO [**]).  

TOTAL CONTRACT PRICE:

The total contract price, FCA Shanghai, China and/or any place in Europe excluding VAT, shall be:  EUR 20, 920,000.00 (EUR Twenty Million Nine Hundred Twenty Thousand Only).

	
 
	
4.
	
The following sub-clause 2.3 is hereby added to Article 2 [Delivery Period]:

2.3  Sub-clause 2.1 (including Note 1) applies only to the initial [**] ECS previously ordered by Seller as of the date of this Amendment.  For the additional quantity of [**] ECS added by Amendment No. 2, no later than four (4) months prior to the date of the first forecasted delivery Buyer shall provide to Seller the initial forecasted delivery schedule which will include the quantity of the [**] ECS to be shipped per month (the “Delivery Schedule”).  Not later than the 1st day of each month thereafter, Inox shall deliver to Seller an 

1

Confidential Portions of this Exhibit marked as [**] have been omitted pursuant to a request for confidential treatment and have been filed separately with the Securities and Exchange Commission. 

Exhibit 10.3

 

Confidential Treatment Requested by 

American Superconductor Corporation

updated Delivery Schedule for the amount of the [**] ECS not yet delivered which will include the quantity of ECS to be shipped per month (“Monthly Delivery Schedule”).  The maximum monthly shipment quantity provided by Buyer on the Delivery Schedule and Monthly Delivery Schedule during any calendar month shall not exceed [**] sets.  Notwithstanding anything to the contrary herein, Buyer shall accept the full, or if prior shipments have been made, balance of [**] ECS not later than [**] (“Final Delivery Date”) and shall pay for the same in accordance with the provisions of sub-clause 3.(5).

	
 
	
5.
	
The following sub-clause 3.(5) is hereby added to Article 3 [Payment Conditions]:

 

(5)  Sub-clause 3.1 and 3.2 apply only to the [**] ECS initially ordered by Seller as of the date of this Amendment.  For the additional quantity of [**] ECS added by Amendment No. 2, the following payment terms apply:  Prior to each monthly shipment in accordance with the then current Delivery Schedule (for the first delivery) and the Monthly Delivery Schedule (for subsequent deliveries), Buyer shall cause to be issued by an approved bank of Buyer listed in sub-clause 3.(4) a letter of credit payable on-site in a form and format acceptable to the seller and in an amount equal to [**]% of each shipment value. The letter of credit shall be in accordance with UCP 600letter of credit shall be in accordance with UCP 600.  The letter of credit shall be valid for 60 days and shall include provisions for deferred payment by the Buyer of [**] days from the date of FCR, and all interest charges shall be to the account of Buyer.  Letter of credit charges in India shall be borne by the Buyer and letter of credit charges outside of India shall be borne by the Seller.  If a letter of credit is not issued in sufficient time to meet the Delivery Schedule (for the first delivery) and the Monthly Delivery Schedule (for each subsequent delivery), the associated shipment date will be extended accordingly.  In the event Buyer fails to provide the Delivery Schedule and/or Monthly Delivery Schedule(s) prior to the Final Delivery Date, (i) Seller shall be entitled to retain all advance amounts remaining creditable to Buyer at such time, and Buyer shall not be entitled to any credit or refund with respect to any such remaining advance amounts, and (ii) Seller may, at its discretion, terminate this Contract by written notice to Buyer pursuant to Article 18.   

 

	
 
	
6.
	
All other terms and conditions of the contract shall continue unchanged and remain in full force and effect.

 

The Parties are signing this Amendment on the date stated in the introductory clause.

 

	
Inox Wind Ltd.
	
 
	
American Superconductor Corporation

	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 

	
BY
	
/s/ Rajeev Gupta
	
 
	
BY:
	
/s/ James Maguire

	
 
	
 
	
 
	
 

	
NAME:
	
Rajeev Gupta
	
 
	
NAME:
	
James Maguire

	
 
	
 
	
 
	
 
	
 

	
TITLE:
	
Director
	
 
	
TITLE:
	
EVP Operations

	
 
	
 
	
 
	
 
	
 

	
DATE:
	
August 25, 2015
	
 
	
DATE:
	
August 26, 2015

	
 
	
 
	
 
	
 
	
 

 

2

Confidential Portions of this Exhibit marked as [**] have been omitted pursuant to a request for confidential treatment and have been filed separately with the Securities and Exchange Commission.

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