Document:

EX-10.86

 CONFIDENTIAL TREATMENT REQUESTED 

GROWER’S AGENT AGREEMENT 

THIS GROWER’S AGENT AGREEMENT (the “Agreement”) is made and entered into as of the 18th day of December, 2015 by and between
Medbox, Inc., a Nevada corporation, doing business as Notis Global (“Notis”) and Whole Hemp Company, LLC, a Colorado limited liability company (“Whole Hemp”) (Notis and Whole Hemp are referred to herein collectively as the
“Parties” and individually as a “Party”), with reference to the following facts: 
 RECITALS 

A. Whole Hemp, directly or through affiliates, grows hemp and cannabis crops for processing into cannabidiol oil (“CBD Oil”). 

B. Whole Hemp is also entering into a Farming Joint Venture Agreement (“Farming Agreement”) with an affiliate of Notis for purposes
of growing certain hemp crops. 
 C. Whole Hemp desires and Notis agrees to act on behalf of Whole Hemp in the marketing, negotiation and
sale of CBD Oil (the “Product”), as such services are further described below in this Agreement. 
 NOW, THEREFORE, the Parties
agree as follows: 
 1. AUTHORITY GRANTED. On the terms and conditions contained in this
Agreement, Whole Hemp hereby authorizes Notis to act as Whole Hemp’s agent for the purpose of marketing, arranging for sale and selling the Product, in accordance with the terms of this Agreement. 

1.1 Initial Authorization. Notis is authorized, for the period commencing on the date of this Agreement and ending on December 31,
2015, to act as Whole Hemp’s agent for the sale of up to twenty five (25) kilograms of the Product for an aggregate price of [*] (“Initial Authorization”). Upon the sale of the foregoing Product, Notis shall have the right to
retain from the proceeds a fee of $600,000, payable upon receipt of the sale proceeds. 
 1.2 Authorization for the Balance of the
Term. Notis is further authorized, for the balance of the Term, to act as Whole hemp’s agent to sell Product at a minimum price of [*] per milligram of Product (“Minimum Price”), on the terms and conditions set forth herein. The
Parties mutually agree on a sales target of [*] of Product per month, but that Notis shall have the right to sell more or less than the targeted quantity. If Whole Hemp’s costs of goods sold declines by at least twenty percent (20%) during
any Crop Season, then the Minimum Price shall be reduced, effective for the immediately following Crop Season, by a percentage equal to the average percentage decline in costs of goods sold for the prior Crop Season. The Parties will meet and confer
within forty five (45) days following each Crop Season to confirm the amount of the adjustment, if any. Prior to the meeting, Whole Hemp shall provide to Notis financial statements, or other financial information reasonably acceptable to Notis,
for purpose of determining the adjustment to the Minimum Price, if any. 

  
 [*] CERTAIN INFORMATION HAS BEEN OMITTED
AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. 
 1 

 1.3 Limited Exclusivity. Notis’ authority to act as an agent under this Agreement
shall be on a non-exclusive basis; provided, however, Notis shall have during the Term the exclusive right to market and sell to the customers or potential customers listed on Exhibit A hereto, including as that Exhibit may be amended by the
mutual agreement of the Parties from time to time. 
 1.4 Meet or Release. Except as set forth in this Section 1.4, Notis may
not sell Product of or for any grower, distributor or manufacturer of Product other than Whole Hemp. If Notis identifies a potential purchaser of Product that is willing to purchase Product at less than the Minimum Price, Notis must inform Whole
Hemp of said potential purchaser, the proposed sale price, and the volume of Product the potential purchaser desires to purchase and, within three business days of such notice, if Whole Hemp has not authorized Notis to sell Product to the potential
purchaser at the proposed price, then Notis shall have the right to procure Product from someone other than Whole Hemp to sell to the potential purchaser the requested amount of Product at the proposed price. Authorization by Whole Hemp to sell a
certain volume of Product of another grower, distributor or manufacturer to a particular potential purchaser at a particular price will not be deemed authorization to sell any additional Product of another grower, distributor or manufacturer to the
same or any other potential purchaser. 
 2. TERM. This Agreement shall be effective on the date
hereof, and shall continue for a term of ten (10) crop seasons (the “Initial Term”, where each crop season is denoted as the period beginning on October 1, and ending on September 30 of each year (each, a “Crop
Season”). The first Crop Season commenced on October 1, 2015. After the expiration of the tenth Crop Season, this Agreement may be terminated by either Party upon not less than one hundred eighty (180) days prior written notice
thereof. The Initial Term, and any period that this Agreement shall continue following the Initial Term, shall be collectively referred to as the “Term.” This Agreement may be terminated at any time: (i) by either Party, if the other
Party is in material breach of any obligation under this Agreement, which breach is continuing uncured for thirty (30) days following written notice thereof; (ii) by Notis upon written notice to Whole Hemp, if the Farming Agreement
terminates for any reason, or (iii) by either party, upon written notice to the other, if the activities under this Agreement shall be enjoined or be subject to materially adverse regulatory action. 

3. WHOLE HEMP’S AGREEMENTS. 

(a) Whole Hemp shall retain title to the Product until sold by Notis, and all sales shall be conducted by Notis on a consignment basis.
Accordingly, Whole Hemp shall bear all market risk with respect to the Product, and the full risk of loss of or damage to the Product until such sale by Notis has been consummated. 

(b) Whole Hemp, at its sole cost, shall maintain in full force an insurance policy or policies with a company A-rated or better for protection
against liability to the public as an incident to product grown by Whole Hemp. The limits of product liability under this insurance shall not be less $2,000,000.00. Whole Hemp agrees to name Notis as additional insured. 

  
 [*] CERTAIN INFORMATION HAS BEEN OMITTED
AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. 
 2 

 (c) The Product will be packed in containers designated and chosen by Whole Hemp, using Whole
Hemp’s or a third party’s label. Whole Hemp shall obtain packaging supplies from packaging manufacturers of its choice. The cost of packaging shall be borne solely by Whole Hemp. 

4. NOTIS’ AGREEMENTS. 

(a) Notis agrees to receive and market all of the Product, on a best efforts basis to obtain the highest possible price for the Product,
provided that Notis is not prevented from doing so by strikes, epidemic, lockouts, shortage of transportation facilities, governmental action or other acts beyond the control of Notis. 

(b) Notis shall have full control of the times when, the place where, the parties to whom, and the prices for which the Product shall be sold
(subject to the Minimum Price), and means of transportation. As agent of Whole Hemp, Notis is hereby authorized by Whole Hemp to (i) make price adjustments, (ii) to grant allowances, and (iii) to take such other actions as may be
reasonably necessary in order to consummate sales of Product. 
 (c) Notis may employ the services of a broker, jobber, or other
subcontractor and may consign or otherwise sell the Product or any part thereof, when in Notis’ judgment the best interest of Whole Hemp will thereby be served. 

(d) Notis, at its sole cost, shall maintain in full force an insurance policy or policies with a company A-rated or better for protection
against liability to the public as an incident to work performed by Notis. The limits of product liability under this insurance shall not be less $2,000,000.00. Notis agrees to name Whole Hemp as an additional insured. 

5. SALE PROCEEDS. Notis shall be accountable to Whole Hemp for the proceeds arising from
the sale of the Product covered by this Agreement. Notis is responsible for collecting payment for the Product and is liable to Whole Hemp for any failure to collect said sale proceeds. From the gross proceeds, Notis shall have the right to deduct
all compensation and expenses due Notis as provided in this Agreement. 
 6. TRANSPORTATION AND
SALES EXPENSES. The Product will be shipped to purchasers FOB Whole Hemp’s facilities. Notis will be responsible for collecting shipping costs directly from purchasers. 

7. REPORTING. Notis shall provide Whole Hemp with a monthly report of its sales activities with respect
to the Product, including, but not limited to, the price and quantity of the Product sold during the prior month, and an accounting of the costs incurred chargeable to Whole Hemp under this Agreement. 

  
 [*] CERTAIN INFORMATION HAS BEEN OMITTED
AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. 
 3 

 8. COMPENSATION. From the sale proceeds for any sales of
Products, other than pursuant to the Initial Authorization and other than Product from the 10 Acres and 40 Acres (which terms are defined in the Farming Agreement), Notis will charge and collect a commission equal to [*] of the excess of the sales
proceeds over the Minimum Price applicable for the Crop Year for Product sold under this Agreement. 
 9.
MISCELLANEOUS. 
 9.1 Entire Agreement. There are no oral agreements or representations between the
parties not contained herein. This Agreement may only be altered or changed by agreement in writing signed by the parties. 
 9.2
Assignment. This agreement shall be binding on and inure to the benefit of the heirs, executors, administrators, successors and assigns of the signatories hereto. Notwithstanding the foregoing, neither Party shall have the right to assign
this Agreement without the prior written consent of the other Party. 
 9.3 Dispute Resolution. If the parties are unable to resolve
any dispute(s), brought to enforce the terms of this agreement, both parties agree to submit to binding arbitration in Denver, Colorado before the Judicial Arbitration and Mediation Service (JAMS). In any legal action or arbitration affecting or
based upon the enforcement or interpretation of this Agreement or any of the rights derived under this Agreement, the successful party shall be entitled to receive, in addition to all other sums, reasonable attorneys’ fees and court costs. This
Agreement shall be governed by the internal laws of the State of Colorado. 
 9.4 Notice. Any noticed required by this Agreement
shall be deemed given forty- eight (48) hours after the posting thereof in the United States mail, first class, certified, postage prepaid, return receipt requested, properly addressed to the party to be served at the address of such party as
follows or at the time of the personal service of such notice. Either party may change its address for notices by notice to the other party 
  

					
	 Whole Hemp:
	 		 	Notis:
		 		 	
	 828 Wooten Road

Colorado Springs, CO 80915

Attn: President
	 		 	 600 Wilshire Blvd
 Suite 1500

Los Angeles, CA 90017
 Attn: President

 9.5 No Partnership. It is understood, agreed and intended by the parties to this Agreement that in
performing this Agreement the parties are each separately and independently carrying out their respective businesses, that this Agreement does not and shall not create or constitute a partnership or joint venture between them, and that each Party is
and shall be an independent contractor. 
 9.6 Counterparts. This instruments may be executed in two or more counterparts, each of
which shall be deemed original, but all of which taken together shall constitute one and the same instrument. 

  
 [*] CERTAIN INFORMATION HAS BEEN OMITTED
AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. 
 4 

 10. INDEMNIFICATION. 

10.1 By Notis. Notis will be entirely and solely responsible for its actions and the actions of its agents, employees and subcontractors, if
any, while providing services under this Agreement. Notis shall indemnify and hold harmless Whole Hemp and its customers against all claims, losses, liabilities, demands, suits, awards, and judgments, made or recovered by any person or agencies due
to (i) the actions of Notis or its employees, agents or subcontractors during performance of its obligations under this Agreement or (ii) any breach of the terms of this Agreement by Notis or its employees, agents or subcontractors. 

10.2 By Whole Hemp. Whole Hemp shall indemnify and hold harmless Notis and its customers against all claims, losses, liabilities, demands,
suits, awards, and judgments, made or recovered by any person or agencies due to (i) the actions of Whole Hemp or its employees, agents or subcontractors during performance of its obligations under this Agreement or (ii) any breach of the
terms of this Agreement by Whole Hemp or its employees, agents or subcontractors. 
 In Witness Whereof, the parties have executed this
Agreement on the date first herein above stated. 
  

									
	Whole Hemp Company, LLC:	 		 	Medbox, Inc.:
					
	 By:
	 	/s/ Kashif Shan	 		 	 By:
	 	/s/ Jeffrey Goh

  
 [*] CERTAIN INFORMATION HAS BEEN OMITTED
AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. 
 5 

 EXHIBIT 

EXCLUSIVE CUSTOMERS 
 None 

  
 [*] CERTAIN INFORMATION HAS BEEN OMITTED
AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. 
 6ex101-012116.htm

EXHIBIT 10.1 

SUPPLY AGREEMENT

This Supply Agreement (this “Agreement”), effective as of January 20, 2016, by and between PGT Industries, Inc., a Florida corporation (“PGT”), and PPG Industries, Inc., a Pennsylvania corporation (“Supplier”).

	
1.  

	
Term.  This Agreement shall be effective from the date first written above until December 31, 2018 (the “Term”).  This Agreement shall be effective and supersede all other such agreements when signed by authorized personnel for both companies.

 

Definitions.

	
a.  

	
“Confidentiality Agreement” shall mean that certain Confidentiality Agreement dated the date hereof by and between the parties hereto, which is attached hereto as Schedule A and is incorporated herein by reference.

 

	
b.  

	
“Delivery” shall mean the point in time when Products are tendered by Supplier, and accepted by PGT, at PGT’s North Venice Plant.

 

	
c.  

	
“Material Certificate” shall mean documentation confirming adherence to the Specifications.

 

	
d.  

	
“Material Safety Data Sheet” shall mean documentation in conformance to OSHA requirements that shall provide detailed information on each hazardous chemical, including its potential hazardous effects, its physical and chemical characteristics, and recommendations for appropriate protective measures.

 

	
e.  

	
“North Venice Plant” shall mean PGT’s place of business located at 1070 Technology Drive, North Venice, FL34275, 3429 Technology Drive, North Venice, FL 34275, 104 Triple Diamond, North Venice, FL 34275.

 

	
f.  

	
“Price” shall mean the total transactional cost of materials delivered to North Venice, FL, which is attached hereto as Schedule B and is incorporated herein by reference.

 

	
g.  

	
“Products” shall mean goods produced by Supplier and purchased by PGT, as contemplated by this Agreement and listed on a Purchase Order.

 

	
h.  

	
“Program” shall mean PPG’s Certified Commercial Window Fabricator Program for Commercial Window Fabricators.

 

	
i.  

	
“Specifications” shall mean specifications, drawings, requirements, performance and/or functions, relating to the Products set forth on Schedule C, which is attached hereto and is incorporated herein by reference.  Each Specification is applicable only to those Products identified in the introduction to such Specification.

 

	
2.  

	
Representations and Warranties.

 

	
a.  

	
Supplier represents and warrants that each Product shall conform to the applicable Specification and the applicable appropriate warranty (as identified in the introduction to each warranty) set forth on Schedule C which is attached hereto and is incorporated herein by reference (the “Warranties”).

 

	
b.  

	
Supplier represents and warrants that, upon transfer of ownership at the time of Delivery, Supplier shall pass to PGT, and PGT shall receive, good and marketable title to such Products, free and clear of all liens, claims, security interests pledges, charges, mortgages, deeds of trusts, options, or other encumbrances of any kind.

 

	
c.  

	
EXCEPT AS SPECIFICALLY SET FORTH HEREIN, SUPPLIER MAKES NO OTHER WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, OF ANY KIND, INCLUDING, WITHOUT LIMITATATION, ANY WARRANTY OF MERCHANTIBILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE PRODUCTS.  Without limiting the generality of the foregoing, Supplier assumes no responsibility for glass breakage, improper usage, failure of Products on account of faulty installation or building construction or design, improper handling or failure to follow Supplier’s instructions regarding the Products.  Further, Supplier assumes no responsibility for scratches or abrasions of any kind, including without limitation, those which may occur as a result of abnormal weather conditions, if abrasive cleaners are used on the surfaces, or if acids, alkalies or other chemicals are used to wash the glass or surfaces around the glass.

 

	
d.  

	
Each party represents, warrants and covenants that: (i) it is and shall be at all times a legal entity validly existing under the laws of its jurisdiction with the corporate or other power to own all of its properties and assets and to carry on its business as it is currently being conducted; (ii) it has the corporate or other power to execute and deliver this Agreement and to perform its obligations hereunder; (iii) its representative executing this Agreement is duly authorized to execute and deliver this Agreement on its behalf, and no further corporate or other proceedings are necessary with respect thereto; (iv) it is not required, in connection with execution and delivery of this Agreement or the performance of its obligations hereunder, to obtain the consent of any third party; and (v) the execution and delivery of this Agreement and performance of its obligations hereunder do not (A) violate any provision of its articles of incorporation or by-laws or equivalent organizational documents as currently in effect, or (B) conflict with, result in a breach of, constitute a default under (or an event which, with notice or lapse of time or both, would constitute a default under), accelerate the performance required by, result in the creation of any lien upon any of its properties or assets under, or create in any party the right to accelerate, terminate, modify, or cancel, or require any notice under, any contract to which it is a party or by which any of its properties or assets are bound.

 

	
3.  

	
Pricing and Payments.

 

	
a.  

	
The Prices for the Products are set forth on Schedule B.  In addition to the prices, PGT shall pay energy and freight fuel surcharges as set forth on Schedule B.  There shall be no changes in the terms and conditions of sale, including pricing, except as the parties agree in writing.

 

	
b.  

	
Invoices shall be rendered separately for each delivery and purchase order and shall include PGT’s part number, quantity ordered, quantity shipped, unit price, and extended value.

 

	
c.  

	
Payment terms shall be defined in Schedule B and are calculated from the date the invoice is received at PGT’s corporate accounts payable office.

 

 

	
4.  

	
Purchase Terms.Additional purchase terms are set forth on Schedule D, which is attached hereto and is incorporated herein by reference.

 

 

	
a.  

	
From time to time during the Term, PGT shall order Products from Supplier pursuant to and in accordance with separate PGT standard purchase orders or other related documentation (collectively, the "Purchase Orders").  Such Purchase Orders shall specify quantities of the Product, shipping instructions, delivery date(s), and detailed instructions for the delivery of the Goods (with release schedules, delivery orders or equivalent notices).  Each Purchase Order is subject to final acceptance by Supplier and when executed by the parties shall be binding upon Supplier and PGT and shall be deemed to constitute a part of this Agreement as if fully set forth herein, and all terms and conditions of this Agreement shall be deemed to apply to the subject matter of such Purchase Order as if fully set forth therein.

 

 

	
b.  

	
Consistent with the terms set forth herein, on a continuous basis during the course of the Term of this Agreement, or any portion thereof should termination occur, PGT’s North Venice Plant shall purchase from Supplier, and Supplier shall sell to PGT’s North Venice Plant, quantities of Product that constitute the Required Percentage of PGT's total annual purchaseneeds and requirements all as measured by the total square feet of usage b the North Venice Plant during the Term. The Required Percentage applies to the cumulative total volume in square feet of all of PGT's purchases of the particular glass Products at the North Venice Plant for the Term. 

 

	
c.  

	
PGT shall provide detailed instructions for the delivery of the Products (with release schedules, delivery orders, purchase orders or equivalent notices).

 

	
  

	
d.

	
Supplier will either accept or reject every Purchase Order in writing to PGT within two (2) business days.  In the event of a contradiction between the terms of this Agreement and a Purchase Order, order confirmation or any other document, the terms and conditions of this Agreement shall prevail.

 

	
  

	
e.

	
Goods shipped in excess of the quantity indicated by purchase order may be returned at the Supplier’s expense.

 

	
  

	
f.

	
For planning purposes, a purchase forecast will be provided by PGT to Supplier, in such detail as may be reasonably requested by Supplier, in which PGT will estimate its annual volume of Product purchases. Except as set forth below in subsection (g), any quantity estimates or purchase forecasts provided by PGT are for Supplier’s planning purposes only and do not constitute an order for material or Products.

 

	
  

	
g.

	
Based on the forecasts, the parties shall agree on a reserve supply of certain Products to be maintained by Supplier at its facilities and be reviewed periodically by the parties. PGT shall purchase Products from such reserve throughout the Term.  In the event of obsolescence of a Product, or termination or expiration of this Agreement, PGT shall purchase such agreed reserve supply of Products at the prices for the Products set forth on Schedule B within (3) months of notification from Supplier.

 

	
6.  

	
Delivery.

 

	
a.  

	
The Products shall be shipped to the North Venice Plant as specified on the PGT purchase order.

 

	
b.  

	
With each shipment of Products, Supplier will deliver a packing list containing the following information:

 

	
i.  

	
Purchase order number;

	
ii.  

	
PGT part number;

	
iii.  

	
Quantity ordered/Quantity shipped;

	
iv.  

	
Material Certificate, when required; and

	
v.  

	
Material Safety Data Sheet, when required by law.

	
c.  

	
If PGT arranges for the transportation, the Products shall be shipped F.O.B. Supplier plant, with freight prepaid and absorbed by PGT.  If PGT prepays and absorbs freight costs, PGT will receive from Supplier a freight allowance in accordance with Schedule B.  If Supplier arranges for the transportation, the Products shall be shipped F.C.A. the North Venice Plant, with freight prepaid and absorbed by Supplier.

 

	
b.  

	
Orders for Products will be accepted for shipment in full truckloads of not less than 40,000 pounds.  Products available from the same Supplier factory may be combined to make the unit of sale weight.  It is PGT’s responsibility to ensure all shipments meet or exceed the above-established full truckload shipping criteria.

 

	
c.  

	
Unless otherwise agreed to by the parties, Product will be delivered by Supplier in four thousand pound or greater racks that are standard for the glass product industry (the “Glass Product Racks”).  PGT may elect to return the Glass Product Racks to Supplier by (i) arranging for Supplier to pick-up the Glass Product Racks at PGT’s facilities, or (ii) returning the Glass Product Racks via PGT’s designated carriers for a mutually agreed upon return credit per Glass Product Rack as set forth in Schedule B. The owner of the Glass Product Racks will be Supplier; provided, however, the risk of loss will remain with PGT until such racks are delivered to Supplier.

 

	
7.  

	
Limitation of LiabilityIN THE EVENT ANY PRODUCT FAILS TO CONFORM TO THE REPRESENTATIONS AND WARRANTIES CONTAINED IN SECTION 3 OF THIS AGREEMENT, INCLUDING THE WARRANTIES ATTACHED HERETO AS SCHEDULE C, SUPPLIER’S EXCLUSIVE OBLIGATION AND PGT’S EXCLUSIVE REMEDY SHALL BE LIMITED TO, AT SUPPLIER’S OPTION: (i) REPLACEMENT OF THE NONCONFORMING PRODUCTS AT SUPPLIER’S EXPENSE; OR (ii) A REFUND OF THE PURCHASE PRICE ATTRIBUTABLE TO A SPECIFIC DELIVERY AS TO WHICH A CLAIM IS MADE AND TRANSPORTATION CHARGES FOR SUCH SPECIFIC DELIVERY.

 

EXCEPT AS SET FORTH IN THE IMMEDIATELY PRECEDING SENTENCE, SUPPLIER SHALL NOT HAVE ANY LIABLITY TO PGT OR ANY OF PGT’S AFFILIATES FOR ANY REASON INCLUDING, WITHOUT LIMITATION, FOR THE SALE OF, OR THE INABILITY TO SELL, PGT’S PRODUCT OR FOR THE USE OF PRODUCT OR PGT’S PRODUCT UNDER ANY THEORY OF RECOVERY, WHETHER BASED ON NEGLIGENCE OF ANY KIND, STRICT LIABILITY, CONTRACT OR TORT OR FOR ANY DIRECT (OTHER THAN AS INDICATED IN THE IMMEDIATELY PRECEDING SENTENCE), INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES.

 

	
8.  

	
Confidentiality.  The parties hereto agree to comply with, and be bound by, the terms of the Confidentiality Agreement.

 

	
9.  

	
Trademarks.  Trademark matters are set forth on Schedule E, which is attached hereto and is incorporated herein by reference.

	
10.  

	
Default and Termination.  This Agreement may be terminated by either party in the event that:

 

	
a.  

	
The other party makes a general assignment for the benefit of creditors;

 

	
b.  

	
The other party becomes insolvent, or voluntary or involuntary proceedings are instituted by or against such party under any federal, state, or other bankruptcy or insolvency laws and such proceedings are not terminated within thirty (30) days, or a receiver is appointed for such party;

 

	
c.  

	
The other party ceases to function as a going concern;

 

	
d.  

	
The other party fails to perform any material provision of this Agreement and does not cure such failure within a period of thirty (30) days after receipt of written notice from the other party specifying such failure and stating its intention to terminate this Agreement if such failure is not cured; or

 

	
e.  

	
Performance of this Agreement is suspended by the other party in accordance with Section 12(a) below, and it appears that such performance will be delayed for more than six (6) months.

 

	
11.  

	
CCWF Program. PGT shall be a member of the Program with respect to the North Venice Plant.  PGT further agrees to comply with all Program requirements as set forth on Exhibit A attached hereto.  PGT acknowledges and agrees that the Program requirements may be amended from time to time by Supplier.  If Supplier makes a change to the Program that PGT does not agree with, PGT may opt out of the Program for the period after the effective date of the change.  If PGT makes such decision, Supplier shall proportionally reimburse PGT for that portion of the Program fee for the period of time that PGT is no a longer a member of the Program.  Notwithstanding the foregoing, neither the Term of this Agreement nor the purchasing obligations identified in Section 5(b) of this Agreement shall be affected by the Program requirements.  For clarification purposes, PGT’s membership in the Program shall terminate (if not earlier) upon the termination or expiration of this Agreement.

 

	
12.  

	
Miscellaneous.

 

	
a.  

	
Force Majeure. Noparty to this Agreement shall be liable for non-performance hereunder resulting from: severe weather conditions; war; riots; delay of carriers; complete or partial plant shut-down due to the inability to obtain sufficient raw materials or power; civil disorder; earthquakes; any law, order, proclamation, regulation, ordinance, demand or requirement of any governmental agency; or any other condition or occurrence whatsoever beyond the control of such party, but only to the extent performance hereunder is prevented by any such condition.  If the performance of this Agreement is prevented by reason of any such event, (a) the party whose performance is prevented, shall give prompt written notice to the other party of the event and shall be excused from performance, but only to the extent prevented; provided, however, that the party whose performance is prevented shall take all commercially reasonable steps to avoid or remove such causes of nonperformance and shall continue performance whenever and to the extent commercially and reasonably possible; and (b) if it appears that a time for delivery or performance scheduled pursuant to this Agreement will be delayed for more than six (6) months, the party receiving notice under subsection (a) above shall have the right to terminate, by written notice to the other party, any portion of this Agreement covering the prevented performance, and the obligations and liabilities of both parties with respect to such portion of the Agreement shall thereupon lapse and terminate, except to the extent such obligations or rights are intended to survive pursuant to this Agreement.

 

	
b.  

	
Assignment.  Neither this Agreement nor any of the rights, interests or obligations hereunder shall be transferred, assigned or delegated by a party, in whole or in part without the prior written consent of the other, and any attempt to make any such transfer, assignment or delegation without such consent shall be null and void.  This Agreement shall be binding upon and inure to the benefit of and be enforceable by the successors, legal representatives and permitted assigns of the parties hereto.

 

	
c.  

	
Contractor Status.  The parties are and shall remain independent contractors with respect to each other, and nothing in this Agreement shall be construed to place the parties in the relationship of partners, joint ventures, fiduciaries or agents, nor grant any right or authority to assume or create an obligation or responsibility, express or implied, on behalf of or in the name of the other or bind the other in any manner whatsoever.

 

	
d.  

	
Modification and Waiver.  No modification, amendment or waiver of any provision of this Agreement shall be valid or binding unless in writing and executed by both of the parties.  Any other purported modification, amendment or waiver of any provision of this Agreement shall be null and void. No waiver by either party of any breach, or the failure of either party to enforce any of the terms and conditions of this Agreement, shall affect, limit or waive that party's right to enforce and compel compliance with all terms and conditions of this Agreement, or to terminate this Agreement according to its terms.

 

	
e.  

	
Invalidity or Illegality.  In the event any provision of this Agreement is declared to be void, invalid or unlawful by any court or tribunal of competent jurisdiction, such provision shall be deemed severed from the remainder of this Agreement and the balance shall remain in full force and effect.  The parties shall undertake to replace the invalid, ineffective, or unenforceable provisions with valid, effective, and enforceable provisions, which, in their commercial effect, approximate as closely as possible the intentions of the parties as expressed in the invalid, ineffective, or unenforceable provisions.

 

	
f.  

	
Notices.  All notices given hereunder shall be in writing and shall be deemed to have been duly given if delivered personally with receipt acknowledged or sent by registered or certified mail, if available, return receipt requested, or by facsimile, or by recognized overnight courier for next day delivery, addressed or sent to the parties at the following addresses and facsimile numbers or to such other additional address or facsimile number as any party shall hereafter specify by notice to the other party:

 

 

	
i.  

	
If to PGT, to:

 

PGT Industries, Inc.

 

1070 Technology Drive

 

North Venice, FL  34275

 

Attention:  General Counsel

 

Facsimile:  (941) 486-8634

 

 

	
ii.  

	
If to the Supplier, to:

 

PPG Industries, Inc.

 

400 Guys Run Road

 

Cheswick, PA 15024

 

Attention: Keith Pettigrew

 

Facsimile: (866) 748-9136

 

 

With a copy to:

 

PPG Industries, Inc.

One PPG Place

Pittsburgh, PA  15272

Attention: Counsel, Flat Glass

Telecopies:                      (412) 434-4291

	
g.  

	
Headings.  Section headings contained herein are for convenience only and shall not affect the interpretation hereof.

 

	
h.  

	
Counterparts.  The parties may execute any number of counterparts to this Agreement, each of which shall be an original instrument, but all of which taken together shall constitute one and the same Agreement. Signed facsimile copies of this Agreement will bind the parties to the same extent as original documents.

 

	
i.  

	
Entirety.  This Agreement, the recitals and the Schedules attached to this Agreement, constitute the entire understanding and agreement between the parties regarding the subject matter set forth herein, and supersedes all prior or contemporaneous agreements, oral or written, made between the parties relating such subject matter.

 

	
j.  

	
Agreement Precedence. For their convenience, the parties may use, from time to time, their standard purchase orders, site level execution agreements, sales releases, delivery schedules, acknowledgments, invoices and other similar preprinted forms.  In the event of a conflict between this Agreement and any of these documents that purport to govern the same matters set forth herein, this Agreement shall prevail unless the other document (i) is executed and delivered by both parties hereto in writing subsequent to the date of this Agreement, (ii) specifically refers to this Agreement and to this Section, and (iii) indicates that it is intended to, and shall take precedence over, this Agreement.

 

	
k.  

	
Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Florida, without regard to the conflict of laws principles thereof (other than its conflict of law principles to the extent that the application of the laws of another jurisdiction would be required thereby). Each party hereby waives, to the fullest extent permitted by applicable law, any right it may have to a trial by jury in respect of any litigation or legal proceeding directly or indirectly arising out of, under or in connection with this Agreement or the transactions contemplated hereunder.

 

	
l.  

	
Survival Provisions.  Neither the expiration nor termination of this Agreement shall affect such of the provisions of this Agreement as expressly provide that they will operate after any such expiration or termination.

 

	
m.  

	
PPE. Suppliers and subcontractors must wear appropriate personal protective equipment (PPE) when visiting any of PGT’s manufacturing facilities.

 

 

 

[SIGNATURE PAGE FOLLOWS]

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered by persons authorized on their respective behalf, effective as of the date first set forth above.

                                                                           PGT INDUSTRIES, INC.

                                                                           /s/ Brad Voss

                                                                           Name:Brad Voss

                                                                           Title: Strategic Purchasing

                                                   Date: _01/20/2016______________

                                                                           PPG INDUSTRIES, INC.

 

                                                                           /s/ Mark Seeton

                                                                           Name: Mark Seeton

                                                                           Title:   Dir. of Sales

                                                                           Date: _01/20/2016______________

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