Document:

Exhibit 10.5

 

Confidential Treatment Requested
by AdvanSix Inc.

 

FIRST AMENDMENT

TO AMENDED AND RESTATED

CAPROLACTAM AND POLYMER SUPPLY AGREEMENT

 

THIS FIRST AMENDMENT TO AMENDED AND RESTATED CAPROLACTAM AND
POLYMER SUPPLY AGREEMENT (this “Amendment”) is entered into as of July 18, 2013, by and between Honeywell
Resins & Chemicals LLC, a Delaware limited liability company f/k/a Honeywell Nylon , LLC (“Seller”), and Shaw Industries
Group, Inc., a Georgia corporation (“Buyer”).

 

Recitals

 

WHEREAS, on April 1, 2013, Seller and Buyer
entered into that certain Amended and Restated Caprolactam and Polymer Supply Agreement (the “Agreement”);

 

WHEREAS, the parties desire to amend certain
provisions of the Agreement; and

 

WHEREAS, capitalized terms not otherwise
defined herein shall have the meanings ascribed to them in the Agreement.

 

Agreement

 

NOW, THEREFORE, in consideration of the mutual terms,
conditions and other agreements set forth herein, the parties, intending to be legally bound hereby, agree as follows:

 

1.         Section 1.2
of the Agreement is deleted in its entirety, and inserted in lieu thereof is a new Section 1.2, as follows:

 

“1.2     Purchase
and Sale of Product.

 

(a)       During
the term of this Agreement, except as provided in Articles 1.2(b), 1.3 and 1.4 below, Seller hereby agrees to sell to Buyer, and
Buyer hereby agrees to purchase from Seller, each Fiscal Year, for use and consumption by Buyer and its Affiliates, a minimum of
[ * * * ] ([ * * * ]) pounds of Product (the “Minimum Volume”), and a maximum of [ * * * ] ([ * * * ]) pounds
of Product (the “Maximum Volume”), including:

 

(i)       a minimum of [ * * * ] ([ * * * ]) and a maximum of [ * * * ] ([ * * * ]) pounds per Fiscal Year (or a pro rata amount thereof in
any partial Fiscal Year during the Term) of Polymer [ * * * ].

 

(ii)      a maximum of [ * * * ] ([ * * * ]) pounds per Fiscal Year of [ * * * ] Caprolactam.

 

(iii)      [
* * * ]

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Confidential Treatment Requested
by AdvanSix Inc.

 

(iv)     At
the sole option of Buyer, Buyer may provide caprolactam Product to a third party designated by Buyer, for further processing into
polymer or fiber; it being acknowledged that any such caprolactam may not be sold to such third party.

 

(b)       In
addition to the purchase obligations set forth in Section 1.2(a) above, during the period from July 1, 2013, through December 31,
2013 (the “Supplemental Product Term”), Buyer shall purchase from Seller, and Seller shall sell to Buyer, a
minimum of [ * * * ] ([ * * * ]) pounds and a maximum of [ * * * ] ([ * * * ]) pounds of Product (the “2013 Supplemental
Volume”) in such mix of [ * * * ] Caprolactam and [ * * * ] polymer as Buyer may designate in the applicable Forecast,
with such mix being subject to the commercially reasonable capacity of Seller, as well as any commercially reasonable needs and
priorities of Buyer; provided, however, that upon the conclusion of the Supplemental Product Term, [ * * * ] ([ * * * ])
of the 2013 Supplemental Volume shall have been [ * * * ] Caprolactam and ([ * * * ]) of the 2013 Supplemental Volume shall have
been [ * * * ] polymer; provided, further, however, that upon agreement by both parties, [ * * * ] can be substituted for
[ * * * ].

 

Nothing in this Agreement is intended to imply any
geographical limitation, and Buyer shall not be restricted to use of any Product at any particular Facility, but may use any Product
in any of its facilities, whether presently owned, or expanded, purchased or constructed after the Effective Date.”

 

2.         Section
2.1 of the Agreement is amended by adding the following to the end of Section 2.1, as follows:

 

“The price for each pound of [ * * * ] Caprolactam
included in the 2013 Supplemental Volume shall be the sum of (A) [ * * * ] ([ * * * ]) plus (B) the Caprolactam Index Amount (as
defined in Schedule 2.1(I)), which, may be a positive or a negative amount.”

 

3.         Section
2.2 of the Agreement is amended by adding the following to the end of Section 2.2, as follows:

 

“The price for each pound of [ * * * ] Polymer
included in the 2013 Supplemental Volume shall be [ * * * ] ([ * * * ]) above the price for [ * * * ] Caprolactam included in the
2013 Supplemental Volume (calculated pursuant to Article 2.1 above) for such Fiscal Month, plus the Polymer Index Amount (as defined
in Schedule 2.1(II)), which, may be a positive or a negative amount.”

 

4.         All
capitalized terms used, but not defined, herein shall have the meaning set forth in the Agreement.

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Confidential Treatment Requested
by AdvanSix Inc.

 

5.        This
Amendment may be executed in counterparts, each of which shall be deemed an original but all of which shall constitute one and
the same agreement.

 

6.        Except
as expressly modified in this Amendment, the Agreement remains in full force and effect. The Agreement and this First Amendment
together constitute the entire agreement between the Parties with respect to the subject matter hereof, and supersede all prior
agreements or understandings between the Parties as to the subject matter hereof.

 

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Confidential Treatment Requested
by AdvanSix Inc.

 

IN WITNESS WHEREOF, the parties have executed this First
Amendment to Caprolactam and Polymer Supply Agreement as of the date first above written.

 

	HONEYWELL RESINS & CHEMICALS, LLC	 	SHAW INDUSTRIES GROUP, INC.
	 	 	 	 	 
	By: 	/s/ Qamar S. Bhatia	 	By: 	/s/ Gerald R. Embry
	 	 Qamar S. Bhatia	 	 	 Gerald R. Embry
	 	 Vice President and General Manager 	 	 	 Vice President, Administration

    	4Exhibit 10.6

 

Confidential Treatment Requested
by AdvanSix Inc.

 

SECOND AMENDMENT

TO AMENDED AND RESTATED

CAPROLACTAM AND POLYMER SUPPLY AGREEMENT

 

THIS SECOND AMENDMENT TO AMENDED AND RESTATED
CAPROLACTAM AND POLYMER SUPPLY AGREEMENT (this “Amendment”) is entered into as of November 15, 2013, by and
between Honeywell Resins & Chemicals LLC, a Delaware limited liability company f/k/a Honeywell Nylon, LLC (“Seller”),
and Shaw Industries Group, Inc., a Georgia corporation (“Buyer”).

 

Recitals

 

WHEREAS, on April 1,
2013, Seller and Buyer entered into that certain Amended and Restated Caprolactam and Polymer Supply Agreement (as amended, the
“Agreement”);

 

WHEREAS, the parties
desire to amend certain provisions of the Agreement; and

 

WHEREAS, capitalized
terms not otherwise defined herein shall have the meanings ascribed to them in the Agreement.

 

Agreement

 

NOW, THEREFORE, in consideration
of the mutual terms, conditions and other agreements set forth herein, the parties, intending to be legally bound hereby, agree
as follows:

 

1.         Section
1.2 of the Agreement is amended by adding the following to the end of Section 1.2, as follows:

 

“(c)  In addition
to the purchase obligations set forth in Section 1.2(a) and Section 1.2(b) above, during the period from January 1, 2014, through
December 31, 2015, Buyer shall purchase from Seller, and Seller shall sell to Buyer, [ * * * ] ([ * * * ]) pounds of Product (the
“2014/2015 Supplemental Volume”) per calendar year, all of which Product shall be [ * * * ] Caprolactam.”

 

2.         Section
2.1 of the Agreement is amended by adding the following to the end of Section 2.1, as follows:

 

“The price for each pound
of [ * * * ] Caprolactam included in the 2014/2015 Supplemental Volume shall be the sum of (A) [ * * * ] ([ * * * ]) plus (B) the
Caprolactam Index Amount (as defined in Schedule 2.1(I)), which, may be a positive or a negative amount.”

 

3.         All
capitalized terms used, but not defined, herein shall have the meaning set forth in the Agreement.

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Confidential Treatment Requested
by AdvanSix Inc.

 

4.        This
Amendment may be executed in counterparts, each of which shall be deemed an original but all of which shall constitute one and
the same agreement.

 

5.         Except
as expressly modified in this Second Amendment, the Agreement remains in full force and effect. The Agreement, the First Amendment
to Amended and Restated Caprolactam and Polymer Supply Agreement between the Seller and Buyer dated July 18, 2013, and this Second
Amendment, together constitute the entire agreement between the Parties with respect to the subject matter hereof, and supersede
all prior agreements or understandings between the Parties as to the subject matter hereof.

 

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Confidential Treatment Requested
by AdvanSix Inc.

 

IN WITNESS WHEREOF, the parties
have executed this Second Amendment to Caprolactam and Polymer Supply Agreement as of the date first above written.

 

	HONEYWELL RESINS & CHEMICALS, LLC	 	Shaw Industries Group, Inc.
	 	 	 
	By: 	  /s/ Qamar S. Bhatia	 	By:  	  /s/ Gerald R. Embry
	 	  Qamar S. Bhatia	 	 	  Gerald R. Embry
	 	  Vice President and General Manager	 	 	  Vice President, Administration

    	3Exhibit 10.7

 

Confidential Treatment Requested by
AdvanSix Inc.

 

THIRD AMENDMENT

TO AMENDED AND RESTATED

CAPROLACTAM AND POLYMER SUPPLY AGREEMENT

 

THIS THIRD AMENDMENT TO AMENDED AND RESTATED
CAPROLACTAM AND POLYMER SUPPLY AGREEMENT (this “Amendment”) is entered into as of December 12, 2014, by and
between Honeywell Resins & Chemicals, LLC, a Delaware limited liability company f/k/a Honeywell Nylon, LLC (“Seller”),
and Shaw Industries Group, Inc., a Georgia corporation (“Buyer”).

 

Recitals

 

WHEREAS, on April 1,
2013, Seller and Buyer entered into that certain Amended and Restated Caprolactam and Polymer Supply Agreement (as amended, the
“Agreement”);

 

WHEREAS, the parties
desire to amend certain provisions of the Agreement; and

 

WHEREAS, capitalized
terms not otherwise defined herein shall have the meanings ascribed to them in the Agreement.

 

Agreement

 

NOW, THEREFORE, in consideration
of the mutual terms, conditions and other agreements set forth herein, the parties, intending to be legally bound hereby, agree
as follows:

 

1.         Section
1.2 of the Agreement is deleted in its entirety, and inserted in lieu thereof is a new Section 1.2, as follows:

 

“1.2  Purchase
and Sale of Product. During the term of this Agreement, except as provided in Articles 1.3, 1.4 and 1.9 below, Seller hereby
agrees to sell to Buyer, and Buyer hereby agrees to purchase from Seller, each Fiscal Year, for use and consumption by Buyer and
its Affiliates, a minimum of [ * * * ] ([ * * * ]) pounds of Product (the “Minimum Volume”), and a maximum of [ * *
* ] ([ * * * ]) pounds of Product (the “Maximum Volume”), including:

 

(a)        a
minimum of [ * * * ] ([ * * * ]) and a maximum of [ * * * ] ([ * * * ]) pounds per Fiscal Year (or a pro rata amount thereof in
any partial Fiscal Year during the Term) of Polymer [ * * * ].

 

(b)        a
maximum of [ * * * ] ([ * * * ]) pounds per Fiscal Year of [ * * * ] Caprolactam.

 

(c)        [
* * * ]

 

(d)        At
the sole option of Buyer, Buyer may provide caprolactam Product to a third party designated by Buyer, for further processing into
polymer or fiber; it being acknowledged that any such caprolactam may not be sold to such third party.

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Confidential Treatment Requested by
AdvanSix Inc.

 

Nothing in this Agreement is intended
to imply any geographical limitation, and Buyer shall not be restricted to use of any Product at any particular Facility, but may
use any Product in any of its facilities, whether presently owned, or expanded, purchased or constructed after the Effective Date.”

 

2.         Section
1.4 of the Agreement is deleted in its entirety, and inserted in lieu thereof is a new Section 1.4, as follows:

 

“1.4      Further
Volume Adjustments. Notwithstanding any of the foregoing contained in this Agreement, overall volume ranges of Product to be
purchased by the Buyer during the periods described in the Agreement may be amended, with respect to any [ * * * ] ([ * * * ])-month
period, to reflect an increase or decrease in the annualized rate in an amount not to exceed [ * * * ] ([ * * * ]) pounds, with
[ * * * ] ([ * * * ]) days prior written notice by the Buyer to Seller; provided, however, that under no circumstance shall the
Buyer be entitled to purchase Product at an annualized rate of less than [ * * * ] ([ * * * ]) nor more than [ * * * ] ([ * * *
]) pounds. In the event of any such amendment, notwithstanding the provisions of the Agreement, such range of annualized rate of
Product to be purchased by the Buyer established by such an amendment shall. remain in effect until such time, if any,
that the Buyer shall again exercise its rights under and subject to this Article 1.4 to further increase or decrease in the minimum
and/or maximum annualized rate of Product to be purchased by the Buyer then-in-effect in an amount not to exceed [ * * * ] ([ *
* * ]) pounds.”

 

3.         A
new Section 1.9 of the Agreement is hereby added, as follows:

 

“1.9     2015 Volume Adjustment.
Notwithstanding Article 1.2 of this Agreement, between January 1, 2015, through December 31, 2015, (i) the annual Minimum Volume
shall be [ * * * ] ([ * * * ]) pounds of Product, and (ii) the annual Maximum Volume shall be [ * * * ] ([ * * * ]) pounds of Product.
Under Article 1.2(a) of the Agreement, the minimum annual volume for Polymer shall be [ * * * ] pounds ([ * * * ]) and the maximum
annual volume for Polymer shall be [ * * * ] pounds ([ * * * ]) from January 1, 2015, through December 31, 2015.”

 

4.         Section
2.1 of the Agreement is deleted in its entirety, and inserted in lieu thereof is a new Section 2.1, as follows:

 

“2.1      Caprolactam Pricing.
The price for each pound of [ * * * ] Caprolactam shall be the sum of (x) [ * * * ] ([ * * * ]) plus (y) the Caprolactam Index
Amount (as defined in Schedule 2.1(I)), which, may be a positive or a negative amount, plus (z) the Caprolactam Adder Amount. The
Caprolactam Adder Amount shall be: (i) for the period of [ * * * ], through [ * * * ], [ * * * ] ([ * * * ]) per pound of Product,
(ii) for the period of [ * * * ], through [ * * * ], [ * * * ] ([ * * * ]) per pound of Product, and (iii) for the period of [
* * * ], through the last day of the Term, [ * * * ] ([ * * * ]) per pound of Product.”

 

5.         A
new Section 2.8 of the Agreement is hereby added, as follows:

 

“2.8      Volume Incentive.

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Confidential Treatment Requested by
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(a)      For
the period beginning January 1, 2015, through the last day of the Term, if Buyer purchases Product at an annualized rate of [ *
* * ] ([ * * * ]) pounds or more during any Fiscal Month or any Fiscal Quarter, the price for each pound of Product purchased during
such Fiscal Month or Fiscal Quarter shall be reduced by [ * * * ] ([ * * * ]) per pound of Product.

 

(b)      For
the purpose of the calculations set forth in Section 2.8(a), an annualized rate of [ * * * ] pounds ([ * * * ]) is equivalent to
(i) [ * * * ] ([ * * * ]) pounds in a four-week Fiscal Month, (ii) [ * * * ] ([ * * * ]) pounds in a five-week Fiscal Month, and
(iii) [ * * * ] ([ * * * ]) pounds in a Fiscal Quarter.

 

(c)      In
the event of any overpayment by Buyer for Product resulting from the application of the above-referenced discount, such overpayment
shall be refunded by Seller to Buyer within thirty (30) days following the end of the applicable Fiscal Month or Fiscal Quarter,
as the case may be, by either, at the option of Seller, (i) a credit on the next regular invoice for Product, or (ii) in cash or
immediately available funds.

 

6.         All
capitalized terms used, but not defined, herein shall have the meaning set forth in the Agreement.

 

7.         This
Amendment may be executed in counterparts, each of which shall be deemed an original but all of which shall constitute one and
the same agreement.

 

8.         Except
as expressly modified in this Amendment, the Agreement remains in full force and effect. The Agreement and this Amendment together
constitute the entire agreement between the Parties with respect to the subject matter hereof, and supersede all prior agreements
or understandings between the Parties as to the subject matter hereof.

 

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has been Intentionally Left Blank]

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Confidential Treatment Requested by
AdvanSix Inc.

 

IN WITNESS WHEREOF, the parties
have executed this Third Amendment to Caprolactam and Polymer Supply Agreement as of the date first above written.

 

	HONEYWELL RESINS & CHEMICALS, LLC	 	SHAW INDUSTRIES GROUP, INC.
	 	 	 
	By: 	  /s/ Erin Kane	 	By: 	  /s/ Hal Long
	 	  Erin Kane	 	 	  Hal Long
	 	  Vice President and General Manager	 	 	  Executive Vice President Operations

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