Document:

Symmetry Medical Inc. 2004 Employee Stock Purchase Plan

 Exhibit 10.15 
  
 SYMMETRY MEDICAL INC. 
  
 2004 EMPLOYEE STOCK PURCHASE PLAN 
  

 Table of Contents 
  

					
	 	  	 	  	Page

	1.	  	 Purpose
	  	1
			
	2.	  	 Definitions
	  	1
			
	3.	  	 Eligibility
	  	3
	 	  	 (a)    First Offering Date
	  	3
	 	  	 (b)    Subsequent Offering Dates
	  	3
			
	4.	  	 Offering Periods
	  	3
	 	  	 (a)    In General
	  	3
	 	  	 (b)    Automatic Reset of Offering Period
	  	3
	 	  	 (c)    Changes by Committee
	  	4
			
	5.	  	 Participation
	  	4
	 	  	 (a)    Entry Dates
	  	4
	 	  	 (b)    Special Rule for First Offering Date
	  	4
			
	6.	  	 Plan Contributions
	  	4
	 	  	 (a)    Contribution by Payroll Deduction
	  	4
	 	  	 (b)    Payroll Deduction Election on Enrollment Agreement
	  	4
	 	  	 (c)    Commencement of Payroll Deductions
	  	5
	 	  	 (d)    Automatic Continuation of Payroll Deductions
	  	5
	 	  	 (e)    Change of Payroll Deduction Election
	  	5
	 	  	 (f)     Automatic Changes in Payroll Deduction
	  	5
	 	  	 (g)    Special Rule for First Exercise Period of Initial Offering Period
	  	5
			
	7.	  	 Grant of Option
	  	6
	 	  	 (a)    Shares of Common Stock Subject to Option
	  	6
	 	  	 (b)    Exercise Price
	  	7
	 	  	 (c)    Fair Market Value
	  	7
	 	  	 (d)    Limitation on Option that may be Granted
	  	7
	 	  	 (e)    No Rights as Shareholder
	  	7
			
	8.	  	 Exercise of Options
	  	8
	 	  	 (a)    Automatic Exercise
	  	8
	 	  	 (b)    Carryover of Excess Contributions
	  	8
			
	9.	  	 Issuance of Shares
	  	8
	 	  	 (a)    Delivery of Shares
	  	8
	 	  	 (b)    Registration of Shares
	  	8
	 	  	 (c)    Compliance with Applicable Laws
	  	8
	 	  	 (d)    Withholding
	  	8

  

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	10.	  	 Participant Accounts
	  	8
	 	  	 (a)    Bookkeeping Accounts Maintained
	  	8
	 	  	 (b)    Participant Account Statements
	  	9
	 	  	 (c)    Withdrawal of Account Balance Following Exercise Date
	  	9
			
	11.	  	 Designation of Beneficiary
	  	9
	 	  	 (a)    Designation
	  	9
	 	  	 (b)    Change of Designation
	  	9
			
	12.	  	 Transferability
	  	9
			
	13.	  	 Withdrawal; Termination of Employment
	  	9
	 	  	 (a)    Withdrawal
	  	9
	 	  	 (b)    Effect of Withdrawal on Subsequent Participation
	  	10
	 	  	 (c)    Termination of Employment
	  	10
			
	14.	  	 Common Stock Available under the Plan
	  	10
	 	  	 (a)    Number of Shares
	  	10
	 	  	 (b)    Adjustments Upon Changes in Capitalization; Corporate Transactions
	  	10
			
	15.	  	 Administration
	  	11
	 	  	 (a)    Committee
	  	11
	 	  	 (b)    Requirements of Exchange Act
	  	11
			
	16.	  	 Amendment, Suspension, and Termination of the Plan
	  	12
	 	  	 (a)    Amendment of the Plan
	  	12
	 	  	 (b)    Suspension of the Plan
	  	12
	 	  	 (c)    Termination of the Plan
	  	12
			
	17.	  	 Notices
	  	12
			
	18.	  	 Expenses of the Plan
	  	13
			
	19.	  	 No Employment Rights
	  	13
			
	20.	  	 Applicable Law
	  	13
			
	21.	  	 Additional Restrictions of Rule 16b-3
	  	13
			
	22.	  	 Effective Date
	  	13

  

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 SYMMETRY MEDICAL INC. 
 2004 EMPLOYEE STOCK PURCHASE PLAN 
  
 1. Purpose. The purpose of the Plan is to provide incentive for present and future employees of the Company and any Designated Subsidiary to acquire a proprietary interest (or increase an existing
proprietary interest) in the Company through the purchase of Common Stock. It is the Company’s intention that the Plan qualify as an “employee stock purchase plan” under Section 423 of the Code. Accordingly, the provisions of the Plan
shall be administered, interpreted and construed in a manner consistent with the requirements of that section of the Code. 
  
 2. Definitions. 
  
 (a) “Applicable Percentage” means the percentage specified in Section 7(b), subject to adjustment by the Committee as provided
in Section 7(b). 
  
 (b) “Board” means
the Board of Directors of the Company. 
  
 (c)
“Code” means the Internal Revenue Code of 1986, as amended, and any successor thereto. 
  
 (d) “Committee” means the committee appointed by the Board to administer the Plan as described in Section 15 of the Plan or, if
no such Committee is appointed, the Board. 
  
 (e) “Common Stock” means the Company’s common stock, par value $0.0001 per share, after giving effect to the Company’s common stock split in connection with the Company’s planned Initial Public Offering (the
“Common Stock Split”). All Common Stock share numbers set forth in this Plan refer to numbers of shares of Common Stock after giving effect to the Common Stock Split. 
  
 (f) “Company” means Symmetry Medical Inc., a Delaware corporation. 
  
 (g) “Compensation” means, with respect to each
Participant for each pay period, the full base salary and overtime paid to such Participant by the Company or a Designated Subsidiary. Except as otherwise determined by the Committee, “Compensation” does not include: (i) bonuses or
commissions, (ii) any amounts contributed by the Company or a Designated Subsidiary to any pension plan, (iii) any automobile or relocation allowances (or reimbursement for any such expenses), (iv) any amounts paid as a starting bonus or
finder’s fee, (v) any amounts realized from the exercise of any stock options or incentive awards, (vi) any amounts paid by the Company or a Designated Subsidiary for other fringe benefits, such as health and welfare, hospitalization and group
life insurance benefits, or perquisites, or paid in lieu of such benefits, or (vii) other similar forms of extraordinary compensation. 
  
 (h) “Continuous Status as an Employee” means the absence of any interruption or termination of service as an Employee.
Continuous Status as an Employee shall not be considered interrupted in the case of a leave of absence agreed to in writing by the Company or the Designated Subsidiary that employs the Employee, provided that such leave is 

  

 
for a period of not more than 90 days or reemployment upon the expiration of such leave is guaranteed by contract or statute. 
  
 (i) “Designated Subsidiaries” means the
Subsidiaries that have been designated by the Board from time to time in its sole discretion as eligible to participate in the Plan. 
  
 (j) “Employee” means any person, including an Officer, whose customary employment with the Company or one of its Designated
Subsidiaries is at least twenty (30) hours per week and more than ten (10) months in any calendar year. 
  
 (k) “Entry Date” means the first day of each Exercise Period. 
  
 (l) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
  
 (m) “Exercise Date” means the last Trading Day
ending on or before each June 30 and December 31. 
  
 (n) “Exercise Period” means, for any Offering Period, each period commencing on the Offering Date and on the first Trading Day after each Exercise Date, and terminating on the immediately following Exercise Date. 
  
 (o) “Exercise Price” means the price per share of
Common Stock offered in a given Offering Period determined as provided in Section 7(b). 
  
 (p) “Fair Market Value” means, with respect to a share of Common Stock, the Fair Market Value as determined under Section 7(c).

  
 (q) “First Offering Date” means the
date on which an underwriting agreement (an “Underwriting Agreement”) is entered into with respect to the initial public offering of the Company’s Common Stock (the Company’s “Initial Public Offering”) pursuant to the
Registration Statement on Form S-1 filed by the Company with the Securities and Exchange Commission. 
  
 (r) “Offering Date” means the first Trading Day of each Offering Period; provided, that in the case of an individual who becomes
eligible to become a Participant under Section 3(b) after the first Trading Day of an Offering Period, the term “Offering Date” shall mean the first Trading Day of the Exercise Period coinciding with or next succeeding the day on which
that individual becomes eligible to become a Participant. Options granted after the first day of an Offering Period will be subject to the same terms as the options granted on the first Trading Day of such Offering Period except that they will have
a different grant date (thus, potentially, a different exercise price) and, because they expire at the same time as the options granted on the first Trading Day of such Offering Period, a shorter term. 
  
 (s) “Offering Period” means, subject to adjustment
as provided in Section 4(b) or 4(c), (i) with respect to the first Offering Period, the period beginning on the First Offering Date and ending on [December 31, 2005], and (ii) with respect to each Offering Period 

  

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thereafter, the period beginning on the January 1 immediately following the end of the previous Offering Period and ending on the December 31 which is 24
months thereafter. 
  
 (t) “Officer”
means a person who is an officer of the Company within the meaning of Section 16 under the Exchange Act and the rules and regulations promulgated thereunder. 
  

(u) “Participant” means an Employee automatically enrolled in the Plan pursuant to Section 5(b) hereof, or an Employee who
has elected to participate in the Plan by filing an enrollment agreement with the Company as provided in Section 5(a) hereof. 
  
 (v) “Plan” means this Symmetry Medical Inc. 2004 Employee Stock Purchase Plan. 
  
 (w) “Plan Contributions” means, with respect to
each Participant, the lump sum cash transfers, if any, made by the Participant to the Plan pursuant to Section 6(a) or 6(g)(ii) hereof, plus the after-tax payroll deductions, if any, withheld from the Compensation of the Participant and contributed
to the Plan for the Participant as provided in Section 6 hereof, and any other amounts contributed to the Plan for the Participant in accordance with the terms of the Plan. 
  
 (x) “Subsidiary” means any corporation, domestic or foreign, of which the Company owns, directly
or indirectly, 50% or more of the total combined voting power of all classes of stock, and that otherwise qualifies as a “subsidiary corporation” within the meaning of Section 424(f) of the Code. 
  
 (y) “Trading Day” means a day on which the New
York Stock Exchange is open for trading. 
  
 3.
Eligibility. 
  
 (a) First
Offering Date. Any individual who is an Employee as of the First Offering Date shall be eligible to become a Participant as of the First Offering Date. 
  
 (b) Subsequent Offering Dates. Any individual who has completed at least three (3) months of employment with the Company or any
Subsidiary and who is an Employee as of the Offering Date of a given Offering Period shall be eligible to become a Participant as of any Entry Date within that Offering Period under the Plan. 
  
 4. Offering Periods. 
  
 (a) In General. The Plan shall generally be
implemented by a series of Offering Periods. 
  
 (b) Automatic Reset of Offering Period. If the Fair Market Value of a share of Common Stock on any Exercise Date (except the final scheduled Exercise Date of any Offering Period) is lower than the Fair Market Value of a share of
Common Stock on the Offering Date, then the Offering Period in progress shall end immediately following the close of 

  

 3 

 
trading on such Exercise Date, and a new Offering Period shall begin on the next subsequent January 1 or July 1, as applicable, and shall extend for a 24
month period ending on December 31 or June 30, as applicable. Subsequent Offering Periods shall commence on the January 1 or July 1, as applicable, immediately following the end of the previous Offering Period and shall extend for a 24 month period
ending on December 31 or June 30, as applicable. 
  
 (c) Changes by Committee. Additionally, the Committee shall have the power to make other changes to the duration and/or the frequency of Offering Periods with respect to future offerings if such change is announced at least five (5)
days prior to the scheduled beginning of the first Offering Period to be affected. In addition, the Committee may shorten the duration of any Offering Period then in progress by requiring that it end immediately following the close of trading on any
Exercise Date within that Offering Period, if such change is announced at least thirty (30) days prior to the Exercise Date on which the Committee proposes that the Offering Period terminate. 
  
 5. Participation. 
  
 (a) Entry Dates. Employees meeting the eligibility
requirements of Section 3(b) hereof after the First Offering Date may elect to participate in the Plan commencing on any Entry Date by completing an enrollment agreement on the form provided by the Company and filing the enrollment agreement with
the Company on or prior to such Entry Date, unless a later time for filing the enrollment agreement is set by the Committee for all eligible Employees with respect to a given offering. 
  
 (b) Special Rule for First Offering Date. All Employees who are eligible as of the First Offering
Date shall automatically become Participants in the Plan as of the First Offering Date. 
  
 6. Plan Contributions. 
  
 (a) Contribution by Payroll Deduction. Except with respect to the first Exercise Period of the initial Offering Period, and except as otherwise authorized by the Committee, all contributions to the Plan shall
be made only by payroll deductions. The Committee may, but need not, permit Participants to make after-tax contributions to the Plan at such times and subject to such terms and conditions as the Committee may in its discretion determine. All such
additional contributions shall be made in a manner consistent with the provisions of Section 423 of the Code or any successor thereto, and shall be treated in the same manner as payroll deductions contributed to the Plan as provided herein.

  
 (b) Payroll Deduction Election on
Enrollment Agreement. At the time a Participant files the enrollment agreement with respect to an Offering Period, the Participant may authorize payroll deductions to be made on each payroll date during the portion of the Offering Period that he
or she is a Participant in an amount not less than 1% and not more than 10% of the Participant’s Compensation on each payroll date during the portion of the Offering Period that he or she is a Participant. The amount of payroll deductions must
be a whole percentage (e.g., 1%, 2%, 3%, etc.) of the Participant’s Compensation. 
  

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 (c) Commencement of Payroll Deductions. Except as otherwise determined by the
Committee under rules applicable to all Participants, payroll deductions for Participants enrolling in the Plan after the First Offering Date under Section 5(a) shall commence with the earliest administratively practicable payroll period that begins
on or after the Entry Date with respect to which the Participant files an enrollment agreement in accordance with Section 5(a). 
  
 (d) Automatic Continuation of Payroll Deductions. Unless a Participant elects otherwise prior to the last Exercise Date of an
Offering Period, including the last Exercise Date prior to termination in the case of an Offering Period terminated under Section 4(b) or 4(c) hereof, such Participant shall be deemed (i) to have elected to participate in the immediately succeeding
Offering Period (and, for purposes of such Offering Period the Participant’s “Entry Date” shall be deemed to be the first day of such Offering Period) and (ii) to have authorized the same payroll deduction for the immediately
succeeding Offering Period as was in effect for the Participant immediately prior to the commencement of the succeeding Offering Period. 
  
 (e) Change of Payroll Deduction Election. A Participant may decrease or increase the rate or amount of his or her payroll
deductions during an Offering Period (within the limitations of Section 6(b) above) by completing and filing with the Company a new enrollment agreement authorizing a change in the rate or amount of payroll deductions; provided, that a Participant
may not change the rate or amount of his or her payroll deductions more than once in any Exercise Period. Except as otherwise determined by the Committee under rules applicable to all Participants, the change in rate or amount shall be effective as
of the earliest administratively practicable payroll period that begins on or after the date the Committee receives the new enrollment agreement. Additionally, a Participant may discontinue his or her participation in the Plan as provided in Section
13(a). 
  
 (f) Automatic Changes in Payroll
Deduction. Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code, Section 7(d) hereof, or any other applicable law, a Participant’s payroll deductions for any calendar year may be decreased,
including to 0%, at such time during such calendar year that the aggregate of all payroll deductions accumulated during such calendar year are equal to the product of $25,000 multiplied by the Applicable Percentage for the calendar year. Payroll
deductions shall recommence at the rate provided in the Participant’s enrollment agreement at the beginning of the first Exercise Period beginning in the following calendar year, unless the Participant terminates participation as provided in
Section 13(a). 
  
 (g) Special Rule for First
Exercise Period of Initial Offering Period. 
  
 (i) Prior to Effectiveness of Form S-8. No payroll deductions shall be made (and no payroll deduction elections shall be accepted) by the Company for Participants during the first Exercise Period of the initial Offering Period prior to the
time that a registration statement with respect to the shares of Common Stock being offered under the Plan has been filed with the Securities Exchange Commission on Form S-8, and is effective. Subject to the limitations provided in Section 7(d),
each Participant shall be eligible to purchase shares of Common Stock on the Exercise Date of the first Exercise Period of the initial Offering Period in an amount equal to ten (10%) percent of the Compensation that the Participant receives during
the first Exercise Period of the initial Offering Period. 
  

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 (ii) After Effectiveness of Form S-8. Once the registration statement with respect to the
shares of Common Stock being offered under the Plan has been filed with the Securities Exchange Commission on Form S-8, and is effective, a Participant may, but need not, make a payroll deduction election with respect to the first Exercise Period of
the initial Offering Period by filing an enrollment agreement containing the payroll deduction election with the Company, as provided in Section 6(b) above. A Participant may elect a lower level of participation than that provided in Section 6(g)(i)
above with respect to the first Exercise Period of the initial Offering Period at that time, or may withdraw from the Plan. If a payroll deduction is elected under this Section 6(g)(ii), payroll deductions may commence as early as with the first pay
period beginning after the First Offering Date. Subject to the overall participation level specified in Section 6(g)(i), the rate of payroll deduction during the first Exercise Period of the initial Offering Period may exceed the maximum permitted
rate under Section 6(b) hereof to make up for the payroll deductions, if any, which would otherwise have been made prior to the effectiveness of the Form S-8 with respect to the Plan. If a payroll deduction election is made under this Section
6(g)(ii), payroll deductions shall continue at the rate elected by the Participant, up to the maximum permitted rate under Section 6(b) hereof, for subsequent Exercise Periods, unless the Participant makes a change permitted under Section 6(e) or
withdraws from the Plan under Section 13(a). Alternatively, the Committee may permit purchases on the first Exercise Date of the initial Offering Period to be made by direct lump sum cash transfer by the Participant. 
  
 (iii) Subsequent Exercise Periods. For all Exercise Periods
subsequent to the first Exercise Period of the initial Offering Period, purchases generally must be made via payroll deduction. Participants in the first Exercise Period of the initial Offering Period who do not make a payroll deduction election
pursuant to Section 6(g)(ii) must file an enrollment agreement containing a payroll deduction election with respect to subsequent Exercise Periods with the Company prior to the commencement of a subsequent Exercise Period (unless a later time for
filing is set by the Committee for all Participants) in order to make further purchases under the Plan. Payroll deductions for Participants required to file a payroll deduction election under this Section 6(g)(iii) shall commence, except as
otherwise determined by the Committee under rules applicable to all Participants, effective as of the earliest administratively practicable payroll period that begins on or after the first day of the subsequent Exercise Period. A Participant who
does not timely file an enrollment agreement shall be treated as having withdrawn under Section 13(a) hereof. 
  
 7. Grant of Option. 
  
 (a) Shares of Common Stock Subject to Option. On a Participant’s Entry Date, subject to the limitations set forth in Section
7(d) and this Section 7(a), the Participant shall be granted an option to purchase on each subsequent Exercise Date during the Offering Period in which such Entry Date occurs (at the Exercise Price determined as provided in Section 7(b) below) up to
a number of shares of Common Stock determined by dividing such Participant’s Plan Contributions accumulated prior to such Exercise Date and retained in the Participant’s account as of such Exercise Date by the Exercise Price; provided,
that the maximum number of shares a Participant may purchase during any Exercise Period shall be 750. 
  

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 (b) Exercise Price. The Exercise Price per share of Common Stock offered to each
Participant in a given Offering Period shall be the lower of: (i) the Applicable Percentage of the greater of (A) the Fair Market Value of a share of Common Stock on the Offering Date or (B) the Fair Market Value of a share of Common Stock on the
Entry Date on which the Employee elects to become a Participant within the Offering Period or (ii) the Applicable Percentage of the Fair Market Value of a share of Common Stock on the Exercise Date. The Applicable Percentage with respect to each
Offering Period shall be 85%, unless and until such Applicable Percentage is increased by the Committee, in its sole discretion, provided that any such increase in the Applicable Percentage with respect to a given Offering Period must be established
not less than fifteen (15) days prior to the Offering Date thereof. 
  
 (c) Fair Market Value. The Fair Market Value of a share of Common Stock on a given date shall be determined by the Committee in its discretion; provided, that if there is a public market for the Common Stock,
the Fair Market Value per share shall be either (i) if the Common Stock is listed on a stock exchange, the closing price of the Common Stock on such exchange on such date (or, in the event that the Common Stock is not traded on such date, on the
immediately preceding trading date), as reported in The Wall Street Journal, (ii) in the event the Common Stock is not traded on a stock exchange, the closing price of the Common Stock on such date (or, in the event that the Common Stock is not
traded on such date, on the immediately preceding trading date), as reported by the National Association of Securities Dealers Automated Quotation (Nasdaq) National Market System, (iii) if such price is not reported, the average of the bid and asked
prices for the Common Stock on such date (or, in the event that the Common Stock is not traded on such date, on the immediately preceding trading date), as reported by Nasdaq, or (iv) if no such quotations are available for a date within a
reasonable time prior to the valuation date, the value of the Common Stock as determined by the Committee using any reasonable means. For purposes of the First Offering Date, the Fair Market Value of a share of Common Stock shall be the price at
which a share of Common Stock is to be offered to the public as set forth in the Underwriting Agreement. 
  
 (d) Limitation on Option that may be Granted. Notwithstanding any provision of the Plan to the contrary, no Participant shall be
granted an option under the Plan (i) to the extent that if, immediately after the grant, such Employee (including any stock which is attributed to such Employee pursuant to Section 424(d) of the Code) would own stock and/or hold outstanding options
to purchase stock possessing, in the aggregate, 5% or more of the total combined voting power or value of all classes of stock of the Company or of any Subsidiary of the Company as computed under Section 423(b)(3) of the Code and the Treasury
Regulations thereunder, or (ii) to the extent that his or her rights to purchase stock under all employee stock purchase plans of the Company and its Subsidiaries intended to qualify under Section 423 of the Code accrue at a rate which exceeds
$25,000 of Fair Market Value of stock (determined at the time such option is granted) for each calendar year in which such option is outstanding at any time, as determined in accordance with section 423(b)(8) of the Code and the Treasury Regulations
thereunder. 
  
 (e) No Rights as
Shareholder. A Participant will have no interest or voting right in shares covered by his option until such option has been exercised. 
  

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 8. Exercise of Options. 
  
 (a) Automatic Exercise. A Participant’s option for the purchase of shares will be exercised
automatically on each Exercise Date, and the maximum number of full shares subject to the option shall be purchased for the Participant at the applicable Exercise Price with the accumulated Plan Contributions then credited to the Participant’s
account under the Plan. During a Participant’s lifetime, a Participant’s option to purchase shares hereunder is exercisable only by the Participant. 
  

(b) Carryover of Excess Contributions. Any amount remaining to the credit of a Participant’s account after the purchase of
shares by the Participant on an Exercise Date, or which is insufficient to purchase a full share of Common Stock, shall remain in the Participant’s account, and be carried over to the next Exercise Period, unless the Participant withdraws from
participation in the Plan or elects to withdraw his or her account balance in accordance with Section 10(c). 
  
 9. Issuance of Shares. 
  
 (a) Delivery of Shares. As promptly as practicable after each Exercise Date, the Company shall arrange for the delivery to each
Participant (or the Participant’s beneficiary), as appropriate, or to a custodial account for the benefit of each Participant (or the Participant’s beneficiary) as appropriate, of a certificate representing the shares purchased upon
exercise of the Participant’s option. 
  
 (b) Registration of Shares. Shares to be delivered to a Participant under the Plan will be registered in the name of the Participant or in the name of the Participant and his or her spouse, as requested by the Participant.

  
 (c) Compliance with Applicable Laws.
The Plan, the grant and exercise of options to purchase shares under the Plan, and the Company’s obligation to sell and deliver shares upon the exercise of options to purchase shares shall be subject to compliance with all applicable federal,
state and foreign laws, rules and regulations and the requirements of any stock exchange on which the shares may then be listed. 
  
 (d) Withholding. The Company may make such provisions as it deems appropriate for withholding by the Company pursuant to federal or
state tax laws of such amounts as the Company determines it is required to withhold in connection with the purchase or sale by a Participant of any Common Stock acquired pursuant to the Plan. The Company may require a Participant to satisfy any
relevant tax requirements before authorizing any issuance of Common Stock to such Participant. 
  
 10. Participant Accounts. 
  
 (a) Bookkeeping Accounts Maintained. Individual bookkeeping accounts will be maintained for each Participant in the Plan to account for the balance of his Plan Contributions, options issued, and shares
purchased under the Plan. However, all Plan Contributions made for a Participant shall be deposited in the Company’s general corporate accounts, and no interest shall accrue or be credited with respect to a Participant’s Plan
Contributions. All Plan Contributions received or held by the Company may be used by the 

  

 8 

 
Company for any corporate purpose, and the Company shall not be obligated to segregate or otherwise set apart such Plan Contributions from any other
corporate funds. 
  
 (b) Participant Account
Statements. Statements of account will be given to Participants semi-annually in due course following each Exercise Date, which statements will set forth the amounts of payroll deductions, the per share purchase price, the number of shares
purchased and the remaining cash balance, if any. 
  
 (c) Withdrawal of Account Balance Following Exercise Date. A Participant may elect at any time within the first thirty (30) days following any Exercise Period, or at such other time as the Committee may from time to time prescribe,
to receive in cash any amounts carried-over in accordance with Section 8(b). An election under this Section 10(c) shall not be treated as a withdrawal from participation in the Plan under Section 13(a). 
  
 11. Designation of Beneficiary. 
  
 (a) Designation. A Participant may file a written
designation of a beneficiary who is to receive any shares and cash, if any, from the Participant’s account under the Plan in the event of the Participant’s death subsequent to an Exercise Date on which the Participant’s option
hereunder is exercised but prior to delivery to the Participant of such shares and cash. In addition, a Participant may file a written designation of a beneficiary who is to receive any cash from the Participant’s account under the Plan in the
event of the Participant’s death prior to the exercise of the option. 
  
 (b) Change of Designation. A Participant’s beneficiary designation may be changed by the Participant at any time by written notice. In the event of the death of a Participant and in the absence of a
beneficiary validly designated under the Plan who is living at the time of such Participant’s death, the Company shall deliver such shares and/or cash to the executor or administrator of the estate of the Participant, or if no such executor or
administrator has been appointed (to the knowledge of the Company), the Company, in its discretion, may deliver such shares and/or cash to the spouse or to any one or more dependents or relatives of the Participant, or if no spouse, dependent or
relative is known to the Company, then to such other person as the Company may designate. 
  
 12. Transferability. Neither Plan Contributions credited to a Participant’s account nor any rights to exercise any option or receive shares of Common Stock under the Plan may be assigned,
transferred, pledged or otherwise disposed of in any way (other than by will or the laws of descent and distribution, or as provided in Section 11). Any attempted assignment, transfer, pledge or other distribution shall be without effect, except
that the Company may treat such act as an election to withdraw in accordance with Section 13(a). 
  
 13. Withdrawal; Termination of Employment. 
  
 (a) Withdrawal. A Participant may withdraw from the Plan at any time after the Company’s registration statement on Form S-8
with respect to the Plan is effective by giving written notice to the Company. Payroll deductions, if any have been authorized, shall cease as soon as administratively practicable after receipt of the Participant’s notice of withdrawal, and,
subject to administrative practicability, no further purchases shall be made for the Participant’s 

  

 9 

 
account. All Plan Contributions credited to the Participant’s account, if any, and not yet invested in Common Stock, will be paid to the Participant as
soon as administratively practicable after receipt of the Participant’s notice of withdrawal. The Participant’s unexercised options to purchase shares pursuant to the Plan automatically will be terminated. Payroll deductions will not
resume on behalf of a Participant who has withdrawn from the Plan (a “Former Participant”) unless the Former Participant enrolls in a subsequent Offering Period in accordance with Section 5(a) and subject to the restriction provided in
Section 13(b), below. 
  
 (b) Effect of
Withdrawal on Subsequent Participation. A Former Participant who has withdrawn from the Plan pursuant to this Section 13(b) shall not again be eligible to participate in the Plan prior to the beginning of the Offering Period that commences at
least 12 months from the date the Former Participant withdrew, and the Former Participant must submit a new enrollment agreement in order to again become a Participant as of that date. 
  
 (c) Termination of Employment. Upon termination of a Participant’s Continuous Status as an
Employee prior to any Exercise Date for any reason, including retirement or death, the Plan Contributions credited to the Participant’s account and not yet invested in Common Stock will be returned to the Participant or, in the case of death,
to the Participant’s beneficiary as determined pursuant to Section 11, and the Participant’s option to purchase shares under the Plan will automatically terminate. 
  
 14. Common Stock Available under the Plan. 
  
 (a) Number of Shares. Subject to adjustment as provided in Section 14(b) below, the maximum number of
shares of the Company’s Common Stock that shall be made available for sale under the Plan shall be 500,000 shares, plus an automatic annual increase on the first day of each of the Company’s fiscal years beginning in 2005 and ending in
2014 equal to the lesser of (i) 100,000 shares, (ii) 1% of all shares of Common Stock outstanding on the last day of the immediately preceding fiscal year, or (iii) a lesser amount determined by the Board. Shares of Common Stock subject to the Plan
may be newly issued shares or shares reacquired in private transactions or open market purchases. If and to the extent that any right to purchase reserved shares shall not be exercised by any Participant for any reason or if such right to purchase
shall terminate as provided herein, shares that have not been so purchased hereunder shall again become available for the purpose of the Plan unless the Plan shall have been terminated, but all shares sold under the Plan, regardless of source, shall
be counted against the limitation set forth above. 
  
 (b) Adjustments Upon Changes in Capitalization; Corporate Transactions. 
  
 (i) At any time after the completion (the closing and funding) of the Company’s Initial Public Offering, if the outstanding shares of
Common Stock are increased or decreased, or are changed into or are exchanged for a different number or kind of shares, as a result of one or more reorganizations, restructurings, recapitalizations, reclassifications, stock splits, reverse stock
splits, stock dividends or the like, upon authorization of the Committee, appropriate adjustments shall be made in the number and/or kind of shares, and the per-share option price thereof, which may be issued in the aggregate and to any Participant
upon exercise of options granted under the Plan. 
  

 10 

 (ii) In the event of the proposed dissolution or liquidation of the Company, the Offering
Period will terminate immediately prior to the consummation of such proposed action, unless otherwise provided by the Committee. 
  
 (iii) In the event of a proposed sale of all or substantially all of the Company’s assets, or the merger of the Company with or into
another corporation (each, a “Sale Transaction”), each option under the Plan shall be assumed or an equivalent option shall be substituted by such successor corporation or a parent or subsidiary of such successor corporation, unless the
Committee determines, in the exercise of its sole discretion and in lieu of such assumption or substitution, to shorten the Exercise Period then in progress by setting a new Exercise Date (the “New Exercise Date”). If the Committee
shortens the Exercise Period then in progress in lieu of assumption or substitution in the event of a Sale Transaction, the Committee shall notify each Participant in writing, at least ten (10) days prior to the New Exercise Date, that the exercise
date for such Participant’s option has been changed to the New Exercise Date and that such Participant’s option will be exercised automatically on the New Exercise Date, unless prior to such date the Participant has withdrawn from the Plan
as provided in Section 13(a). For purposes of this Section 14(b), an option granted under the Plan shall be deemed to have been assumed if, following the Sale Transaction, the option confers the right to purchase, for each share of option stock
subject to the option immediately prior to the Sale Transaction, the consideration (whether stock, cash or other securities or property) received in the Sale Transaction by holders of Common Stock for each share of Common Stock held on the effective
date of the Sale Transaction (and if such holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding shares of Common Stock); provided, that if the consideration received in the
Sale Transaction was not solely common stock of the successor corporation or its parent (as defined in Section 424(e) of the Code), the Committee may, with the consent of the successor corporation and the Participant, provide for the consideration
to be received upon exercise of the option to be solely common stock of the successor corporation or its parent equal in fair market value to the per share consideration received by the holders of Common Stock in the Sale Transaction. 
  
 (iv) In all cases, the Committee shall have sole discretion
to exercise any of the powers and authority provided under this Section 14, and the Committee’s actions hereunder shall be final and binding on all Participants. No fractional shares of stock shall be issued under the Plan pursuant to any
adjustment authorized under the provisions of this Section 14. 
  
 15. Administration. 
  
 (a)
Committee. The Plan shall be administered by the Committee. The Committee shall have the authority to interpret the Plan, to prescribe, amend and rescind rules and regulations relating to the Plan, and to make all other determinations
necessary or advisable for the administration of the Plan. The administration, interpretation, or application of the Plan by the Committee shall be final, conclusive and binding upon all persons. 
  
 (b) Requirements of Exchange Act. Notwithstanding the
provisions of Section 15(a) above, in the event that Rule 16b-3 promulgated under the Exchange Act or any successor provision thereto (“Rule 16b-3”) provides specific requirements for the administrators 

  

 11 

 
of plans of this type, the Plan shall only be administered by such body and in such a manner as shall comply with the applicable requirements of Rule 16b-3.
Unless permitted by Rule 16b-3, no discretion concerning decisions regarding the Plan shall be afforded to any person that is not “disinterested” as that term is used in Rule 16b-3. 
  
 16. Amendment, Suspension, and Termination of the Plan.

  
 (a) Amendment of the Plan. The Board
or the Committee may at any time, or from time to time, amend the Plan in any respect; provided, that (i) except as otherwise provided in Section 4(c) hereof, no such amendment may make any change in any option theretofore granted which adversely
affects the rights of any Participant and (ii) the Plan may not be amended in any way that will cause rights issued under the Plan to fail to meet the requirements for employee stock purchase plans as defined in Section 423 of the Code or any
successor thereto. To the extent necessary to comply with Rule 16b-3 under the Exchange Act, Section 423 of the Code, or any other applicable law or regulation), the Company shall obtain shareholder approval of any such amendment. 
  
 (b) Suspension of the Plan. The Board or the
Committee may, as of the close of any Exercise Date, suspend the Plan; provided, that the Board or Committee provides notice to the Participants at least five (5) business days prior to the suspension. The Board or Committee may resume the normal
operation of the Plan as of any Exercise Date; provided further, that the Board or Committee provides notice to the Participants at least twenty (20) business days prior to the date of termination of the suspension period. A Participant shall remain
a Participant in the Plan during any suspension period (unless he or she withdraws pursuant to Section 13(a)), however no options shall be granted or exercised, and no payroll deductions shall be made in respect of any Participant during the
suspension period. Participants shall have the right to withdraw carryover funds provided in Section 10(c) throughout any suspension period. The Plan shall resume its normal operation upon termination of a suspension period. 
  
 (c) Termination of the Plan. The Plan and all rights
of Employees hereunder shall terminate on the earliest of: 
  
 (i) the Exercise Date that Participants become entitled to purchase a number of shares greater than the number of reserved shares remaining available for purchase under the Plan; 
  
 (ii) such date as is determined by the Board in its
discretion; or 
  
 (iii) the last Exercise Date
immediately preceding the tenth (10th) anniversary of the Plan’s effective date. 
  
 In the event that the Plan terminates under circumstances described in Section 16(c)(i) above, reserved shares remaining as of the termination date shall be sold to Participants on a pro rata basis, based on the relative value of their cash
account balances in the Plan as of the termination date. 
  
 17.
Notices. All notices or other communications by a Participant to the Company under or in connection with the Plan shall be deemed to have been duly given when received in 

  

 12 

 
the form specified by the Company at the location, or by the person, designated by the Company for the receipt thereof. 
  
 18. Expenses of the Plan. All costs and expenses incurred in
administering the Plan shall be paid by the Company, except that any stamp duties or transfer taxes applicable to participation in the Plan may be charged to the account of such Participant by the Company. 
  
 19. No Employment Rights. The Plan does not, directly or
indirectly, create any right for the benefit of any employee or class of employees to purchase any shares under the Plan, or create in any employee or class of employees any right with respect to continuation of employment by the Company or any
Subsidiary, and it shall not be deemed to interfere in any way with the right of the Company or any Subsidiary to terminate, or otherwise modify, an employee’s employment at any time. 
  
 20. Applicable Law. The internal laws of the State of Delaware
shall govern all matters relating to this Plan except to the extent (if any) superseded by the laws of the United States. 
  
 21. Additional Restrictions of Rule 16b-3. The terms and conditions of options granted hereunder to, and the purchase of shares by, persons
subject to Section 16 of the Exchange Act shall comply with the applicable provisions of Rule 16b-3. This Plan shall be deemed to contain, and such options shall contain, and the shares issued upon exercise thereof shall be subject to, such
additional conditions and restrictions as may be required by Rule 16b-3 to qualify for the maximum exemption from Section 16 of the Exchange Act with respect to Plan transactions. 
  
 22. Effective Date. Subject to adoption of the Plan by the Board, the Plan shall become effective on the First
Offering Date. The Board shall submit the Plan to the shareholders of the Company for approval within twelve months after the date the Plan is adopted by the Board. 
  

 13Amendment Agreement No. 1

 Exhibit 10.2 
  
 “AMENDMENT AGREEMENT NO. 1” 
  
 This Amendment Agreement No. 1 to the FWA PLA, dated as of September 15, 2003 (the “Amendment Agreement No.1”), is
entered into among Nortel Networks Limited (“NNL”), Nortel Networks de México, S.A. de C.V. (“NN Mexico” and, together with NNL, “Nortel Networks”), and Axtel, S.A. de
C.V. (the “Customer”). 
  
 WHEREAS, the parties
entered into a Purchase and License Agreement for FWA equipment, dated as of March 20, 2003 (the “FWA PLA”), regarding the supply of telecommunications transmission equipment and related services from Nortel Networks to the
Customer; 
  
 WHEREAS, the Customer wants to increase the purchase volume
of FWA Equipment (as defined in section 2.1.2 of Annex D of the FWA PLA) as set forth in this Amendment Agreement No. 1; 
  
 WHEREAS, the parties want to amend the FWA PLA exclusively in connection to the incremental volume for the supply of FWA Equipment and the payment terms applicable
to said incremental volume as set forth in this Amendment Agreement No. 1; 
  
 NOW, THEREFORE, the parties hereto hereby agree as follows: 
  

	 	1.	The parties hereby agree that under the FWA PLA, the Customer may purchase additional FWA Equipment beyond the minimum purchase commitment established in Annex H of the FWA PLA; in
accordance with the foregoing, the Customer will purchase the FWA Equipment (the “Incremental FWA Equipment”) specified in Attachment A to this Amendment Agreement No.1 (hereinafter Attachment “A”) by placing
incremental Purchase Orders as scheduled in Attachment “A” (hereinafter the “Incremental Orders”). Pursuant the terms set forth in Section 18.4 of the FWA PLA, the Parties hereby agree that such Incremental
FWA Equipment will have special payment and delivery terms, which are set forth in the Attachment “A” of this Amendment Agreement No. 1, therefore, the Parties agree that all the terms and conditions of the FWA PLA shall apply to the
Incremental Orders except for those specific delivery and payment terms referenced in the Attachment A. 

  
 1.1. Incremental Orders for Incremental FWA Equipment shall only be placed and/or accepted within a given year after all Purchase Orders for the Total
Annual Minimum Commitment of the FWA PLA for that year have been placed. 
  
 1.2. All FWA Equipment Purchase Orders shall clearly state their reference to; a) Orders corresponding to Annex H Purchase Commitment of the FWA PLA, b) Purchases within the original context of the FWA PLA or c)
Orders corresponding to the specific conditions of this Amendment Agreement No. 1. 

	 	2.	The parties hereby agree that the payment terms specified in Attachment A will apply exclusively for the Incremental Orders specified in Attachment A; provided, however, that
the Customer: (a) complies with the Purchase Commitment established in Annex H; and (b) places the Incremental Orders according to the schedule specified in Attachment A. 

  

	 	3.	The parties hereby agree that if the Customer fails to place the Incremental Orders as described in Attachment A and/or fails to meet the payment schedule for the Incremental FWA
Equipment as described in Attachment A; this agreement will loose all force and effect fifteen (15) working days after written notification has been provided to the Customer by Nortel Networks, unless Customer cures such breach in the fifteen (15)
working days period; and: 

  

	 	(i)	all the original terms and conditions established in the FWA PLA for the purchase of FWA Equipment will apply. 

  

	 	(ii)	Nortel Networks will not reimburse the payment of the one-time capacity charge specified in section 7 below to the Customer. 

  

	 	(iii)	Nortel Networks will procure from the payments made by Customer to Nortel Networks for the Incremental FWA Equipment, all the proven and confirmed expenses and costs incurred as
well as a reasonable provision for all likely future expenses and costs to be incurred by Nortel Networks in its efforts to achieve the delivery profile in Attachment A (the “Special Expenses”), provided that such expenses
and costs incurred to date shall be proved by Nortel Networks to the Customer by the production of a third party invoice and provided that a list explaining the provision for future expenses and costs shall be provided by Nortel Networks.

  

	 	(iv)	Nortel Networks shall, at its sole discretion, deliver to Customer the Incremental FWA Equipment paid and guaranteed by Customer, which can be manufactured by Nortel Networks after
taking the Special Expenses mentioned in section (iii) above or return the outstanding balance after taking the Special Expenses mentioned in section (iii), in such event, Nortel Networks shall return to Customer such outstanding balance in a period
no longer than 180 days after the cure period mentioned in this Section 3. 

  

	 	(v)	After the return of the outstanding balance mentioned in section iv), Nortel Networks will procure from the provision mentioned in section iii) all further proven and confirmed
expenses and costs incurred, 

  

 2 

 provided that such expenses and costs incurred shall be proved by Nortel Networks to the Customer by the
provision of a third party invoice. Nortel Networks shall return the outstanding balance of the provision mentioned in section iii) in a period no longer than 365 days after the cure period mentioned in section 3. 
  

	 	4.	All Incremental Orders shall reference this Amendment Agreement No. 1 and shall comply with the Order Procedure specified in Annex E of the FWA PLA. Except as provided in section 3
above, all Incremental Orders are totally binding and non-cancelable. 

  

	 	5.	Any change to the Incremental Orders shall be made pursuant the terms set forth in Section 2.7 of the FWA PLA. 

  

	 	6.	Nortel Networks shall make reasonable commercial efforts to deliver the Incremental FWA Equipment in accordance with the delivery schedule set forth in Attachment A of this
Amendment Agreement No.1. Delivery locations shall be as per Annex E of the FWA PLA. 

  

	 	7.	In exchange of Nortel Networks’ considerations set forth in Sections 8 and 9 below, and in order to facilitate the Incremental FWA Equipment delivery profile outlined in
Attachment A, the Customer shall pay Nortel Networks a one-time non-reimbursable capacity charge of six hundred thousand dollars of the United States of America (US$600.000) in three installments as per the payment schedule defined in Attachment A.
If after paying the first or first and second of the three installments the Customer fails to make the outstanding installment(s), the RSS delivery profile shall reduce to a volume of no more than 5,000 units per month from April 2004 and the
installment(s) already paid will be forfeited. 

  

	 	8.	Nortel Networks hereby waives the requirement specified in Annex H Section 1 f) for Customer to purchase 50,000 compact RSS brackets. 

  

	 	9.	Nortel Networks will make available to Customer at no charge approx. 4,000 RPCUs currently at a third party repair facility in Mexico. These units require an unknown level of repair
to return them to a usable state. Nortel Networks will make these units available “as is” with no warranty and accepts no liability for their current or future performance. Customer will be responsible for all repair costs associated with
returning these units to a functional state, disposal costs for units deemed unrecoverable, transportation costs associated with relocating these units to Customer’s premise and any storage charges incurred from September 15th 2003 until these
units are relocated to a Customer premise 

  

	 	10.	This Amendment Agreement applies solely to the Incremental Orders as defined in Attachment A and shall terminate on completion of the delivery of 

  

 3 

 the Incremental FWA Equipment ordered. This Amendment creates no precedent for any future agreements or
amendments with respect to the supply of FWA Equipment or Service. 
  

	 	12.	Except as otherwise provided in this Amendment Agreement, the FWA PLA shall remain in full force and effect, including all terms and conditions in connection to the supply of FWA
Equipment. 

  

	 	13.	Capitalized terms used in this Amendment Agreement shall have the meaning ascribed to those terms in the FWA PLA. 

  
 IN WITNESS WHEREOF, this Amendment Agreement was signed as of the date first above
written. 
  

							
	AXTEL, S.A. DE C.V.	 	NORTEL NETWORKS LIMITED
				
	By:	 	
	 	By:	 	  

	Name:	 	Alberto de Villasante Herbert	 	Name:	 	 
	Title:	 	Legal Representative	 	Title:	 	 
			
	 	 	 	 	NORTEL NETWORKS DE MEXICO, S.A. DE C.V.
				
	 	 	 	 	By:	 	  

	 	 	 	 	Name:	 	 
	 	 	 	 	Title:	 	 

  

 4 

 Axtel FWA Ammendment - Change Order Attachment A (1/2) 
  

																																			
	 	  	 Incr.
 Order #

	 	 Discreet Incremental
 Orders

	  	$ Price / Unit

	  	Units

	  	PO Value

	  	% Cash/
LC on PO

	 	 	Cash with PO

	  	Cash / LC
Date

	  	LC or Cash

	  	$k Cash / LC on
Acceptance

	  	$ Cash on
Delivery

	 	  	 	 	 	  	 	  	 	  	 	 	  	 	 	 	 	 	 	 	 	  	 	  	 	 	 	 	 	  	 	 	  	 	 
	 	  	No. 1	 	7.5k x F2	  	381.14	  	7,500	  	$	2,858,550.00	  	100	%	 	70	%	 	$	2,000,985.00	  	Sep-03	  	30	%	 	$	857,565.00	  	$	2,858,550.00	  	 	 
	 	  	No. 1a*	 	500 x F2	  	356.14	  	500	  	$	178,070.00	  	100	%	 	70	%	 	$	124,649.00	  	Sep-03	  	30	%	 	$	53,421.00	  	$	178,070.00	  	 	 
	 	  	No. 2	 	8k x F2	  	381.14	  	8,000	  	$	3,049,120.00	  	100	%	 	70	%	 	$	2,134,384.00	  	Feb-04	  	30	%	 	$	914,736.00	  	$	3,049,120.00	  	 	 
	 	  	No. 3	 	6.5k x F2	  	381.14	  	6,500	  	$	2,477,410.00	  	100	%	 	70	%	 	$	1,734,187.00	  	Apr-04	  	30	%	 	$	743,223.00	  	$	2,477,410.00	  	 	 
	 	  	No. 4	 	2.5k x F5	  	570.77	  	2,500	  	$	1,426,925.00	  	100	%	 	70	%	 	$	998,847.50	  	Sep-03	  	30	%	 	$	428,077.50	  	$	1,426,925.00	  	 	 
	 	  	No. 5	 	2.5k x F5	  	570.77	  	2,500	  	$	1,426,925.00	  	100	%	 	70	%	 	$	998,847.50	  	Mar-04	  	30	%	 	$	428,077.50	  	$	1,426,925.00	  	 	 
														
	 	  	No. 6	 	5k x F2	  	381.14	  	5,000	  	$	1,905,700.00	  	100	%	 	70	%	 	$	1,333,990.00	  	Jan-04	  	30	%	 	$	571,710.00	  	$	1,905,700.00	  	 	 
	 	  	No. 7	 	3k x F2	  	381.14	  	3,000	  	$	1,143,420.00	  	100	%	 	70	%	 	$	800,394.00	  	May-04	  	30	%	 	$	343,026.00	  	$	1,143,420.00	  	 	 
	 	  	No. 7a*	 	2k x F2	  	356.14	  	2,000	  	$	712,280.00	  	100	%	 	70	%	 	$	498,596.00	  	 	  	30	%	 	$	213,684.00	  	$	712,280.00	  	 	 
	 	  	No. 8*	 	5k x F2	  	356.14	  	5,000	  	$	1,780,700.00	  	100	%	 	70	%	 	$	1,246,490.00	  	Jul-04	  	30	%	 	$	534,210.00	  	$	1,780,700.00	  	 	 
	 	  	No. 9	 	114 x TBM-CD	  	2,369.68	  	114	  	$	270,143.90	  	50	%	 	50	%	 	$	135,071.95	  	Sep-03	  	0	%	 	$	0.00	  	$	135,071.95	  	$	135,071.95
	 	  	No. 10	 	18 x TPM	  	4,897.54	  	18	  	$	88,155.75	  	50	%	 	50	%	 	$	44,077.88	  	Sep-03	  	0	%	 	$	0.00	  	$	44,077.88	  	$	44,077.88
	 	  	No. 11	 	18 x TMU	  	8,259.12	  	18	  	$	148,664.10	  	50	%	 	50	%	 	$	74,332.05	  	Sep-03	  	0	%	 	$	0.00	  	$	74,332.05	  	$	74,332.05
	 	  	No. 12	 	26 x TPM-PD	  	7,692.00	  	26	  	$	199,992.00	  	100	%	 	70	%	 	$	139,994.40	  	Feb-04	  	30	%	 	$	59,997.60	  	$	199,992.00	  	 	 
	 	  	No. 13	 	42 x TPM	  	4,897.54	  	42	  	$	205,696.75	  	50	%	 	50	%	 	$	102,848.38	  	Oct-03	  	0	%	 	$	0.00	  	$	102,848.38	  	$	102,848.38
	 	  	No. 14	 	42 x TMU	  	8,259.12	  	42	  	$	346,882.90	  	50	%	 	50	%	 	$	173,441.45	  	Oct-03	  	0	%	 	$	0.00	  	$	173,441.45	  	$	173,441.45
	 Cancelled
	  	No. 15	 	54 x TPM	  	4,897.54	  	54	  	$	264,467.25	  	50	%	 	50	%	 	$	132,233.63	  	Dec-03	  	0	%	 	$	0.00	  	$	132,233.63	  	$	132,233.63
	 	  	No. 16	 	54 x TMU	  	8,259.12	  	54	  	$	445,992.30	  	50	%	 	50	%	 	$	222,996.15	  	Dec-03	  	0	%	 	$	0.00	  	$	222,996.15	  	$	222,996.15
														
	 	  	No. 17	 	30 x PD Upgrade	  	40,384.63	  	30	  	$	1,211,538.75	  	100	%	 	70	%	 	$	848,077.13	  	Jan-04	  	30	%	 	$	363,461.63	  	$	1,211,538.75	  	 	 
	 	  	No. 18	 	2 x 27b RBS	  	212,017.55	  	2	  	$	424,035.10	  	100	%	 	70	%	 	$	296,824.57	  	Sep-03	  	30	%	 	$	127,210.53	  	$	424,035.10	  	 	 
	 	  	No. 19	 	3 x 27b RBS	  	212,017.55	  	3	  	$	636,052.65	  	100	%	 	70	%	 	$	445,236.86	  	Oct-03	  	30	%	 	$	190,815.80	  	$	636,052.65	  	 	 
	 	  	No. 20	 	3 x 27b RBS	  	212,017.55	  	3	  	$	636,052.65	  	100	%	 	70	%	 	$	445,236.86	  	Nov-03	  	30	%	 	$	190,815.80	  	$	636,052.65	  	 	 
	 	  	No. 21	 	4 x 27b RBS	  	212,017.55	  	4	  	$	848,070.20	  	100	%	 	70	%	 	$	593,649.14	  	Dec-03	  	30	%	 	$	254,421.06	  	$	848,070.20	  	 	 
	 	  	No. 22	 	3 x 18b RBS	  	137,136.62	  	3	  	$	411,409.86	  	100	%	 	70	%	 	$	287,986.90	  	Sep-03	  	30	%	 	$	123,422.96	  	$	411,409.86	  	 	 
	 	  	No. 23	 	1 x 18b RBS	  	137,136.62	  	1	  	$	137,136.62	  	100	%	 	70	%	 	$	95,995.63	  	Oct-03	  	30	%	 	$	41,140.99	  	$	137,136.62	  	 	 
	 	  	No. 24	 	3 x 18b RBS	  	137,136.62	  	3	  	$	411,409.86	  	100	%	 	70	%	 	$	287,986.90	  	Nov-03	  	30	%	 	$	123,422.96	  	$	411,409.86	  	 	 
	 	  	No. 25	 	1 x 18b RBS	  	137,136.62	  	1	  	$	137,136.62	  	100	%	 	70	%	 	$	95,995.63	  	Dec-03	  	30	%	 	$	41,140.99	  	$	137,136.62	  	 	 
	 	  	No. 26	 	10 x PD Upgrade	  	40,384.63	  	10	  	$	403,846.25	  	100	%	 	70	%	 	$	282,692.38	  	Jan-04	  	30	%	 	$	121,153.88	  	$	403,846.25	  	 	 
	 	  	No. 27	 	7 x PD Upgrade	  	40,384.63	  	7	  	$	282,692.38	  	100	%	 	70	%	 	$	197,884.66	  	Feb-04	  	30	%	 	$	84,807.71	  	$	282,692.38	  	 	 
	 Cancelled
	  	No. 28	 	5 x 27b RBS	  	212,017.55	  	5	  	$	1,060,087.75	  	100	%	 	70	%	 	$	742,061.43	  	Jan-04	  	30	%	 	$	318,026.33	  	$	1,060,087.75	  	 	 
	 Cancelled
	  	No. 29	 	3 x 27b RBS	  	212,017.55	  	3	  	$	636,052.65	  	100	%	 	70	%	 	$	445,236.86	  	Feb-04	  	30	%	 	$	190,815.80	  	$	636,052.65	  	 	 
	 Cancelled
	  	No. 30	 	2 x 18b RBS	  	137,136.62	  	2	  	$	274,273.24	  	100	%	 	70	%	 	$	191,991.27	  	Feb-04	  	30	%	 	$	82,281.97	  	$	274,273.24	  	 	 
	 Cancelled
	  	No. 31	 	2 x 18b RBS	  	137,136.62	  	2	  	$	274,273.24	  	100	%	 	70	%	 	$	191,991.27	  	Mar-04	  	30	%	 	$	82,281.97	  	$	274,273.24	  	 	 
														
	 	  	No. 32	 	Incr Capacity	  	600,000.00	  	1	  	$	600,000.00	  	50	%	 	50	%	 	$	300,000.00	  	Sep-03	  	0	%	 	$	0.00	  	$	300,000.00	  	$	300,000.00
	 New Order
	  	No. 33	 	TMU’s	  	9,910.94	  	13	  	$	128,842.22	  	100	%	 	70	%	 	$	90,189.55	  	Dec-03	  	30	%	 	$	38,652.67	  	$	128,842.22	  	 	 
	 New Order
	  	No. 34	 	18b RBS (1 TPM & No Ant)	  	103,648.92	  	1	  	$	103,648.92	  	100	%	 	70	%	 	$	72,554.24	  	Jan-04	  	30	%	 	$	31,094.68	  	$	103,648.92	  	 	 
	 New Order
	  	No. 35	 	27b RBS (2 TPM & No Ant) - replaces PO # 28	  	164,234.76	  	5	  	$	821,173.80	  	100	%	 	70	%	 	$	574,821.66	  	Jan-04	  	30	%	 	$	246,352.14	  	$	821,173.80	  	 	 
	 New Order
	  	No. 36	 	27b RBS (2 TPM & No Ant) - replaces PO# 29	  	164,234.76	  	3	  	$	492,704.28	  	100	%	 	70	%	 	$	344,893.00	  	Feb-04	  	30	%	 	$	147,811.28	  	$	492,704.28	  	 	 
	 New Order
	  	No. 37	 	18b RBS (1 TPM & No Ant) - replaces PO# 30	  	103,648.92	  	3	  	$	310,946.76	  	100	%	 	70	%	 	$	217,662.73	  	Feb-04	  	30	%	 	$	93,284.03	  	$	310,946.76	  	 	 
	 New Order
	  	No. 38	 	18b RBS (1 TPM & No Ant) - replaces PO# 31	  	103,648.92	  	3	  	$	310,946.76	  	100	%	 	70	%	 	$	217,662.73	  	Mar-04	  	30	%	 	$	93,284.03	  	$	310,946.76	  	 	 
	 New Order
	  	No. 39	 	TBM - CD’s	  	2,843.62	  	21	  	$	59,716.02	  	100	%	 	70	%	 	$	41,801.21	  	Jan-04	  	30	%	 	$	17,914.81	  	$	59,716.02	  	 	 
	 New Order
	  	No. 40	 	TPM - PD’s	  	7,692.31	  	10	  	$	76,923.10	  	100	%	 	70	%	 	$	53,846.17	  	Feb-04	  	30	%	 	$	23,076.93	  	$	76,923.10	  	 	 
	 New Order
	  	No. 41	 	27b RBS (2 TPM & No Ant)	  	164,234.76	  	1	  	$	164,234.76	  	100	%	 	70	%	 	$	114,964.33	  	Mar-04	  	30	%	 	$	49,270.43	  	$	164,234.76	  	 	 
	 New Order
	  	No. 42	 	TMU’s	  	9,910.94	  	14	  	$	138,753.16	  	100	%	 	70	%	 	$	97,127.21	  	Feb-04	  	30	%	 	$	41,625.95	  	$	138,753.16	  	 	 
	 	  	Ref	 	5k F2 Q4 Min Order	  	381.14	  	5,000	  	$	1,905,700.00	  	100	%	 	70	%	 	$	1,333,990.00	  	Sep-03	  	30	%	 	$	571,710.00	  	$	1,905,700.00	  	 	 
	 	  	Ref	 	5k F5 ’03 Min Order	  	570.77	  	5,000	  	$	2,853,850.00	  	100	%	 	70	%	 	$	1,997,695.00	  	Dec-03	  	30	%	 	$	856,155.00	  	$	2,853,850.00	  	 	 
	 	  	Ref	 	’04 Min Order Q1&2	  	381.14	  	10,000	  	$	3,811,400.00	  	100	%	 	70	%	 	$	2,667,980.00	  	Var	  	30	%	 	$	1,143,420.00	  	$	3,811,400.00	  	 	 
	 	  	Ref*	 	’04 Min Order Q3&4	  	356.14	  	10,000	  	$	3,561,400.00	  	100	%	 	70	%	 	$	2,492,980.00	  	Var	  	30	%	 	$	1,068,420.00	  	$	3,561,400.00	  	 	 

  

																																																									
	 	  	 	 	 	  	PO Placement, Acceptance & Delivery Schedule

	  	Cash / LC Schedule

	 	  	 Incr.
 Order
 #

	 	 Discreet
 Incremental
 Orders

	  	2003

	  	2004

	  	2003

	  	2004

	  	 	  	Sep

	  	Oct

	  	Nov

	  	Dec

	  	Jan

	  	Feb

	  	Mar

	  	Apr

	  	May

	  	Jun

	  	Jul

	  	Aug

	  	Sep

	  	Sep

	  	Oct

	  	Nov

	  	Dec

	  	Jan

	  	Feb

	  	Mar

	  	Apr

	  	May

	  	Jun

	  	Jul

	  	Aug

	  	Sep

	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	$k	  	$k	  	$k	  	$k	  	$k	  	$k	  	$k	  	$k	  	$k	  	$k	  	$k	  	$k	  	$k
	 	  	No. 1	 	7.5k x F2	  	P & A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	2,859	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 1a*	 	500 x F2	  	P & A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	178	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 2	 	8k x F2	  	P	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	3,049	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 3	 	6.5k x F2	  	P	  	 	  	 	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	2,477	  	 	  	 	  	 	  	 	  	 
	 	  	No. 4	 	2.5k x F5	  	P & A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1,427	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 5	 	2.5k x F5	  	P	  	 	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1,427	  	 	  	 	  	 	  	 	  	 	  	 
																													
	 	  	No. 6	 	5k x F2	  	P	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1,906	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 7	 	3k x F2	  	P	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1,143	  	 	  	 	  	 	  	 
	 	  	No. 7a*	 	2k x F2	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	712	  	 	  	 	  	 	  	 
	 	  	No. 8*	 	5k x F2	  	P	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1,781	  	 	  	 
	 	  	No. 9	 	114 x TBM-CD	  	P & A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	135	  	 	  	135	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 10	 	18 x TPM	  	P & A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	44	  	 	  	44	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 11	 	18 x TMU	  	P & A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	74	  	 	  	74	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 12	 	26 x TPM-PD	  	P	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	200	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 13	 	42 x TPM	  	P	  	A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	103	  	 	  	103	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 14	 	42 x TMU	  	P	  	A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	173	  	 	  	173	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	  	No. 15	 	54 x TPM	  	P	  	 	  	 	  	A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	0	  	 	  	0	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 16	 	54 x TMU	  	P	  	 	  	 	  	A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	223	  	 	  	223	  	 	  	 	  	 	  	 	  	 	  	 	  	 
																													
	 	  	No. 17	 	30 x PD Upgrade	  	P	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1,212	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 18	 	2 x 27b RBS	  	P & A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	424	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 19	 	3 x 27b RBS	  	P	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	636	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 20	 	3 x 27b RBS	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	636	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 21	 	4 x 27b RBS	  	P	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	848	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 22	 	3 x 18b RBS	  	P & A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	411	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 23	 	1 x 18b RBS	  	P	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	137	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 24	 	3 x 18b RBS	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	411	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 25	 	1 x 18b RBS	  	P	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	137	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 26	 	10 x PD Upgrade	  	P	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	404	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 27	 	7 x PD Upgrade	  	P	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	283	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	  	No. 28	 	5 x 27b RBS	  	P	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	0	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	  	No. 29	 	3 x 27b RBS	  	P	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	0	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	  	No. 30	 	2 x 18b RBS	  	P	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	0	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	  	No. 31	 	2 x 18b RBS	  	P	  	 	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	0	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 32	 	Incr Capacity	  	P & A	  	 	  	 	  	D1	  	 	  	 	  	D2	  	 	  	 	  	 	  	 	  	 	  	 	  	300	  	 	  	 	  	150	  	 	  	 	  	150	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	  	 	  	 	  	
	  	 	  	 	  	
	  	 	  	 	  	 	  	 	  	 	  	 
																													
	 New Order
	  	No. 33	 	TMU’s	  	 	  	 	  	 	  	P & A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	129	  	 	  	0	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	  	No. 34	 	18b RBS (1 TPM & No Ant)	  	 	  	 	  	 	  	P	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	104	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	  	No. 35	 	27b RBS (2 TPM & No Ant) - replaces PO # 28	  	 	  	 	  	 	  	P	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	821	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	  	No. 36	 	27b RBS (2 TPM & No Ant) - replaces PO# 29	  	 	  	 	  	 	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	493	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	  	No. 37	 	18b RBS (1 TPM & No Ant) - replaces PO# 30	  	 	  	 	  	 	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	311	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	  	No. 38	 	18b RBS (1 TPM & No Ant) - replaces PO# 31	  	 	  	 	  	 	  	P	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	311	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	  	No. 39	 	TBM - CD’s	  	 	  	 	  	 	  	P	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	60	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	  	No. 40	 	TPM - PD’s	  	 	  	 	  	 	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	77	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	  	No. 41	 	27b RBS (2 TPM & No Ant)	  	 	  	 	  	 	  	P	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	164	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	  	No. 42	 	TMU’s	  	 	  	 	  	 	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	139	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	

	Sub-Total Cash - Incremental RSS & all RBS	  	5,852	  	1,049	  	1,301	  	1,763	  	4,506	  	4,774	  	2,052	  	2,477	  	1,856	  	0	  	1,781	  	0	  	0
	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	

	 	  	Ref	 	5k F2 Q4 Min Order	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1,906	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	Ref	 	5k F5 ’03 Min Order	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	2,854	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	Ref	 	’04 Min Order Q1&2	  	 	  	 	  	 	  	P	  	A	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1,906	  	 	  	1,906	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	Ref*	 	’04 Min Order Q3&4	  	 	  	 	  	 	  	P	  	 	  	 	  	 	  	 	  	 	  	A	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1,781	  	 	  	 	  	1,781
	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	

	Total Cash Due on 15th	  	7,758	  	1,049	  	1,301	  	4,617	  	6,411	  	4,774	  	3,958	  	2,477	  	1,856	  	1,781	  	1,781	  	0	  	1,781
	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	

	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	2003	  	14,726	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	2004	  	24,818
	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	

	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	TOTAL	  	39,544
	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	

  
 Legend: P = Place Order Document

               A = Activate Order with Pre-Payment (pursuant the payment terms set
forth in this Ammendment) 
               D = Deferred Payment 
  
 Incremental Orders and associated payments are due on the 15th day of the month indicated.

 Order numbers marked with a star * include volume over 35,000 units in that year and are plannmed to receive a discount of $25 per unit.

 Further incremental RSS Order activated (paid) during year 2004 shall have a discount of $25 per unit. (Not applicable to the 2005 Minimum Orders)

 The four RSS orders shown at the bottom of this list are Minimum Order Quantity orders and are only shown here for reference. 
 The Order No. 17 for 30 PD Upgrades includes Axtel’s 2004 Annual Minimum Commitment of base station units set forth in the FWA PLA. 
 Dollar amounts are rounded and indicative. P.O.s to reflect actual amounts. 
 Purchase Orders 4500051784 (No. 15), 4500051798 (No. 28), 4500051799 (No. 29), 4500051800 (No. 30) and 4500051801 (No. 31) are cancelled as per this Change Order dated Dec 5th, 2003 
  

 5 

 Axtel FWA Ammendment - Change Order Attachment A (2/2) 
  

																																	
	 	 	 	 	 	 	 	 	 PO Placement & Acceptance

	 	 	 Incr.
Order #

	 	 Discreet Incremental Orders

	 	 Units

	 	 2003

	  	2004

	 	 	 	 	 Sep

	 	Oct

	  	Nov

	  	Dec

	  	Jan

	  	Feb

	  	Mar

	  	Apr

	  	May

	  	Jun

	  	Jul

	  	Aug

	  	Sep

	 	 	No. 1 to 8	 	F2	 	37,500	 	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	 	 	F5	 	5,000	 	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
																	
	 	 	 	 	Cummulative F2	 	 	 	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	 	 	Cummulative F5	 	 	 	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
																	
	 	 	No. 9	 	114 x TBM-CD	 	114	 	P & A	 	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 10	 	18 x TPM	 	18	 	P & A	 	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 11	 	18 x TMU	 	18	 	P & A	 	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 12	 	26 x TPM-PD	 	26	 	P	 	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 13	 	42 x TPM	 	42	 	P	 	A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 14	 	42 x TMU	 	42	 	P	 	A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 15	 	54 x TPM	 	54	 	P	 	 	  	 	  	C	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 16	 	54 x TMU	 	54	 	P	 	 	  	 	  	A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 
																	
	 	 	No. 17	 	30 x PD Upgrade	 	30	 	P	 	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 18	 	2 x 27b RBS	 	2	 	P & A	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 19	 	3 x 27b RBS	 	3	 	P	 	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 20	 	3 x 27b RBS	 	3	 	P	 	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 21	 	4 x 27b RBS	 	4	 	P	 	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 22	 	3 x 18b RBS	 	3	 	P & A	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 23	 	1 x 18b RBS	 	1	 	P	 	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 24	 	3 x 18b RBS	 	3	 	P	 	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 25	 	1 x 18b RBS	 	1	 	P	 	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 26	 	10 x PD Upgrade	 	10	 	P	 	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 27	 	7 x PD Upgrade	 	7	 	P	 	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 28	 	5 x 27b RBS	 	5	 	P	 	 	  	 	  	C	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 29	 	3 x 27b RBS	 	3	 	P	 	 	  	 	  	C	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 30	 	2 x 18b RBS	 	2	 	P	 	 	  	 	  	C	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 31	 	2 x 18b RBS	 	2	 	P	 	 	  	 	  	C	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
																	
	 New Order
	 	No. 33	 	TMU’s	 	13	 	 	 	 	  	 	  	P & A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 34	 	18b RBS (1 TPM & No Ant)	 	1	 	 	 	 	  	 	  	P	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 35	 	27b RBS (2 TPM & No Ant)	 	5	 	 	 	 	  	 	  	P	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 36	 	27b RBS (2 TPM & No Ant)	 	3	 	 	 	 	  	 	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 37	 	18b RBS (1 TPM & No Ant)	 	3	 	 	 	 	  	 	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 38	 	18b RBS (1 TPM & No Ant)	 	3	 	 	 	 	  	 	  	P	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 39	 	TBM - CD’s	 	21	 	 	 	 	  	 	  	P	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 40	 	TPM - PD’s	 	10	 	 	 	 	  	 	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 41	 	27b RBS (2 TPM & No Ant)	 	1	 	 	 	 	  	 	  	P	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 42	 	TMU ́s	 	14	 	 	 	 	  	 	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 

  

																									
	 	 	 	 	 	  	Delivery Schedule Including Minimum Order Quantities

	 	 	 Incr.
Order #

	 	 Discreet Incremental Orders

	  	2003

	  	2004

	 	 	  	Sep

	  	Oct

	  	Nov

	  	Dec

	  	Jan

	  	Feb

	  	Mar

	  	Apr

	  	May

	  	Jun

	 	 	No. 1 to 8	 	F2	  	1000	  	2000	  	2000	  	1000	  	2000	  	3000	  	4000	  	5000	  	6000	  	6000
	 	 	 	 	F5	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1000	  	1000	  	1000
													
	 	 	 	 	Cummulative F2	  	1000	  	3000	  	5000	  	6000	  	8000	  	11000	  	15000	  	20000	  	26000	  	32000
	 	 	 	 	Cummulative F5	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1000	  	2000	  	3000
													
	 	 	No. 9	 	114 x TBM-CD	  	 	  	 	  	60	  	 	  	 	  	54	  	 	  	 	  	 	  	 
	 	 	No. 10	 	18 x TPM	  	 	  	 	  	18	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 11	 	18 x TMU	  	 	  	 	  	18	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 12	 	26 x TPM-PD	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	5	  	6
	 	 	No. 13	 	42 x TPM	  	 	  	 	  	 	  	42	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 14	 	42 x TMU	  	 	  	 	  	 	  	42	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 15	 	54 x TPM	  	 	  	 	  	 	  	 	  	 	  	0	  	 	  	 	  	 	  	 
	 	 	No. 16	 	54 x TMU	  	 	  	 	  	 	  	 	  	 	  	54	  	 	  	 	  	 	  	 
													
	 	 	No. 17	 	30 x PD Upgrade	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	7	  	8	  	12
	 	 	No. 18	 	2 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	2	  	 	  	 	  	 	  	 
	 	 	No. 19	 	3 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	3	  	 	  	 	  	 
	 	 	No. 20	 	3 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	3	  	 	  	 
	 	 	No. 21	 	4 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	4	  	 
	 	 	No. 22	 	3 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	3	  	 	  	 	  	 	  	 
	 	 	No. 23	 	1 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	1	  	 	  	 	  	 
	 	 	No. 24	 	3 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	3	  	 	  	 
	 	 	No. 25	 	1 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1	  	 
	 	 	No. 26	 	10 x PD Upgrade	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 27	 	7 x PD Upgrade	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 28	 	5 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	0
	 Cancelled
	 	No. 29	 	3 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 30	 	2 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 31	 	2 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
													
	 New Order
	 	No. 33	 	TMU’s	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	13
	 New Order
	 	No. 34	 	18b RBS (1 TPM & No Ant)	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1
	 New Order
	 	No. 35	 	27b RBS (2 TPM & No Ant)	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	5
	 New Order
	 	No. 36	 	27b RBS (2 TPM & No Ant)	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 37	 	18b RBS (1 TPM & No Ant)	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 38	 	18b RBS (1 TPM & No Ant)	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 39	 	TBM - CD’s	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 40	 	TPM - PD’s	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 41	 	27b RBS (2 TPM & No Ant)	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 42	 	TMU’s	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 

  

																					
	 	 	 	 	 	  	Delivery Schedule Including Minimum Order Quantities

	 	 	  	2004

	  	2005*

	 	 	 Incr.
Order #

	 	 Discreet Incremental Orders

	  	Jul

	  	Aug

	  	Sep

	  	Oct

	  	Nov

	  	Dec

	  	 	  	 
	 	 	No. 1 to 8	 	F2	  	6000	  	6000	  	6000	  	5000	  	6000	  	5000	  	11500	  	 
	 	 	 	 	F5	  	1000	  	1000	  	1000	  	2000	  	1000	  	1000	  	 	  	 
											
	 	 	 	 	Cummulative F2	  	38000	  	44000	  	50000	  	55000	  	61000	  	66000	  	77500	  	 
	 	 	 	 	Cummulative F5	  	4000	  	5000	  	6000	  	8000	  	9000	  	10000	  	10000	  	 
											
	 	 	No. 9	 	114 x TBM-CD	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 10	 	18 x TPM	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 11	 	18 x TMU	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 12	 	26 x TPM-PD	  	 	  	15	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 13	 	42 x TPM	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 14	 	42 x TMU	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 15	 	54 x TPM	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 16	 	54 x TMU	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
											
	 	 	No. 17	 	30 x PD Upgrade	  	3	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 18	 	2 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 19	 	3 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 20	 	3 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 21	 	4 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 22	 	3 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 23	 	1 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 24	 	3 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 25	 	1 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 26	 	10 x PD Upgrade	  	2	  	8	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 27	 	7 x PD Upgrade	  	7	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 28	 	5 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 29	 	3 x 27b RBS	  	0	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 30	 	2 x 18b RBS	  	0	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 31	 	2 x 18b RBS	  	 	  	0	  	 	  	 	  	 	  	 	  	 	  	 
											
	 New Order
	 	No. 33	 	TMU ́s	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 34	 	18b RBS (1 TPM & No Ant)	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 35	 	27b RBS (2 TPM & No Ant)	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 36	 	27b RBS (2 TPM & No Ant)	  	3	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 37	 	18b RBS (1 TPM & No Ant)	  	3	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 38	 	18b RBS (1 TPM & No Ant)	  	 	  	3	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 39	 	TBM - CD’s	  	21	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 40	 	TPM - PD’s	  	10	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 41	 	27b RBS (2 TPM & No Ant)	  	 	  	1	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 42	 	TMU ́s	  	 	  	14	  	 	  	 	  	 	  	 	  	 	  	 

			
	Legend:	  	P = Place Order Document
	 	  	A = Activate Order with Pre-Payment (pursuant the payment terms set forth in this AmD =Deferred Payment mendment)
	 	  	C = Cancelled by mutual agreement between Axtel and Nortel
	*Note:	  	Volume shown in 2005 reflect likely Orders on Hand as of Jan 1 2005 given this delivery schedule and the acceptance of all outstanding POs due by that date.

  

 6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00069-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00069-of-00352.parquet"}]]