Document:

Exhibit 4.5

Exhibit 4.5

* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant
to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this
Exhibit have been separately filed with the Securities and Exchange Commission.

SUPPLY AGREEMENT

JINGAO SOLAR CO., LTD.

and

OCI COMPANY LTD.

Dated as of March 28, 2011

 

 

 

* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant
to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this
Exhibit have been separately filed with the Securities and Exchange Commission.

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE I SUPPLY OF PRODUCT
	 	 	4	 
	Section 1.1 Quantity and Price of Product
	 	 	4	 
	Section 1.2 Delivery Start Date; Monthly Quantity
	 	 	5	 
	Section 1.3 Quantity Variance
	 	 	5	 
	Section 1.4 Disposition of Product Sold
	 	 	6	 
	Section 1.5 Delivery Schedule
	 	 	6	 
	 
	 	 	 	 
	ARTICLE II ADVANCE PAYMENT
	 	 	6	 
	Section 2.1 Advance Payment
	 	 	6	 
	 
	 	 	 	 
	ARTICLE III DELIVERY AND SHIPPING
	 	 	7	 
	Section 3.1 Delivery
	 	 	7	 
	 
	 	 	 	 
	ARTICLE IV PAYMENTS
	 	 	7	 
	Section 4.1 Payments
	 	 	7	 
	Section 4.2 Taxes
	 	 	8	 
	Section 4.3 Payment Terms in the Event of Non-Payment
	 	 	8	 
	 
	 	 	 	 
	ARTICLE V SPECIFICATIONS; INSPECTION OF PRODUCT; PLANT
	 	 	8	 
	Section 5.1 Specifications
	 	 	8	 
	Section 5.2 Inspection of Product
	 	 	8	 
	 
	 	 	 	 
	ARTICLE VI CONFIDENTIAL INFORMATION
	 	 	9	 
	Section 6.1 Confidential Information
	 	 	9	 
	Section 6.2 Restrictions On Use and Disclosure
	 	 	9	 
	Section 6.3 Exclusions
	 	 	9	 
	Section 6.4 Compelled Disclosure
	 	 	9	 
	Section 6.5 Press Releases
	 	 	9	 
	Section 6.6 Confidentiality of Agreement
	 	 	10	 
	 
	 	 	 	 
	ARTICLE VII WARRANTIES; DISCLAIMER; REMEDIES
	 	 	10	 
	Section 7.1 Disclaimer of Warranties
	 	 	10	 
	Section 7.2 Title
	 	 	10	 
	Section 7.3 Damaged or Defective Product
	 	 	10	 
	Section 7.4 Failure to Purchase by Buyer
	 	 	10	 
	Section 7.5 Failure to Supply by OCI
	 	 	11	 
	Section 7.6 Limitation of Liability
	 	 	11	 
	Section 7.7 Indemnity
	 	 	11	 
	 
	 	 	 	 
	ARTICLE VIII TERM AND TERMINATION
	 	 	11	 
	Section 8.1 Term
	 	 	11	 
	Section 8.2 Termination
	 	 	11	 
	Section 8.3 Effect of Termination
	 	 	12	 

 

2

 

* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant
to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this
Exhibit have been separately filed with the Securities and Exchange Commission.

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE IX MISCELLANEOUS
	 	 	12	 
	Section 9.1 Force Majeure
	 	 	12	 
	Section 9.2 Governmental Approvals
	 	 	12	 
	Section 9.3 Hierarchy among this Agreement and Purchase Orders
	 	 	12	 
	Section 9.4 Independent Contractors
	 	 	13	 
	Section 9.5 Notice
	 	 	13	 
	Section 9.6 Amendment; No Waiver
	 	 	13	 
	Section 9.7 Governing Law; Jurisdiction
	 	 	13	 
	Section 9.8 Entire Agreement
	 	 	14	 
	Section 9.9 Assignment
	 	 	14	 
	Section 9.10 Non-Exclusive Agreement
	 	 	14	 
	Section 9.11 Successors
	 	 	14	 
	Section 9.12 Headings
	 	 	14	 
	Section 9.13 Word Meanings
	 	 	14	 
	Section 9.14 Language
	 	 	14	 
	Section 9.15 Counterparts
	 	 	15	 

 

3

 

* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant
to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this
Exhibit have been separately filed with the Securities and Exchange Commission.

SUPPLY AGREEMENT

THIS SUPPLY AGREEMENT (this “Agreement”) is entered into as of March 28, 2011,
(the “Effective Date”), by and between OCI Company Ltd., a corporation organized
under the laws of Korea, having its registered office at OCT Building, 50, Sogong-Dong,
Jung-Gu, Seoul, 100-718, Korea (“OCI”), and JingAo Solar Co., Ltd., a company
organized under the laws of the People’s Republic of China, having its registered office at
JingLong Industrial Park, JingLong Street, Ningjin, Hebei Province 055550, P.R. China
(“Buyer”). Each of OCI and Buyer is referred to herein individually as a
“Party” and collectively as the “Parties.”

RECITALS

WHEREAS, OCI operates a production facility (“Plant”) for the manufacture of
poly-crystalline silicon made from the decomposition of chlorosilane in reactors (the
“Product”);

WHEREAS, Buyer manufactures solar cells and solar modules using mono- crystalline wafers
and poly- crystalline wafers; and

WHEREAS, OCI desires to sell, and Buyer desires to purchase, Products pursuant to the
terms and conditions of this Agreement.

NOW, THEREFORE, the Parties agree as follows:

ARTICLE I

SUPPLY OF PRODUCT

Section 1.1 Quantity and Price of Product.

(a) Subject to adjustments pursuant to Sections 1.2, 1.3 and Article II, OCI hereby agrees to
sell and Deliver to Buyer, and Buyer hereby agrees to purchase and receive from OCI, the following
quantities of Product for each of the periods (with respect to each calendar year, the quantity
indicated below for such calendar year, the (the “Original Annual Prices” as may be
adjusted pursuant to Section 1.1 (b) set forth below:

	 	 	 	 	 	 	 
	Calendar	 	 	 	 	 	 
	Year	 	Quantity	 	Price	 	Amount
	2012
	 	***	 	***	 	***
	2013
	 	***	 	***	 	***
	2014
	 	***	 	***	 	***
	2015
	 	***	 	***	 	***
	2016
	 	***	 	***	 	***
	2017
	 	***	 	***	 	***
	2018
	 	***	 	***	 	***
	Total
	 	***	 	 	 	***

 

4

 

* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant
to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this
Exhibit have been separately filed with the Securities and Exchange Commission.

(b) The Original Annual Prices shall be subject to adjustment in a range of *** (“Price
Range”) of the relevant Original Annual Price, during the period of ten (10) working days
(excluding any national holidays in either Party’s country) prior to the relevant quarter, starting
from the 1st working day of immediately preceding month (“Quarterly Negotiation Period”), solely by
a written agreement between the Parties. In the event that the Parties fail to reach an agreement
during the Quarterly Negotiation Period, supply of the product shall be suspended tentatively
during the relevant quarter.

And thereafter, the price for the relevant quarter shall be set at the lowest price in the Price
Range in case OCI wants to resume supply of the Product, or at the highest price in the Price Range
in case Buyer wants to resume supply of the Product, provided, however. that such a decision on
resuming supply of the Product for the relevant quarter shall be made during the period of five (5)
working days (excluding any national holidays in either Party’s country immediately subsequent to
Quarterly Negotiation Period. (“Quarterly Resume Period”)

The quantity of the Product not supplied during the suspension shall be carried forward to the
subsequent calendar year and the remaining contract period thereafter, and evenly spread over each
remaining calendar year. Notwithstanding the foregoing, total contract period (7 years) and total
contract amount (***) of this Agreement shall be fixed for the entire contract period despite of
any adjustment hereunder

Section 1.2 Delivery Start Date; Monthly Quantity. Subject to adjustment in accordance with
Section 1.3, for each calendar year set forth in Section 1.1, OCI shall sell and Deliver, and Buyer
shall receive and purchase, the Original Annual Quantity (or, if the Original Annual Quantity has
been adjusted pursuant to Section 1.3 below, the Adjusted Annual Quantity (as defined below) for
such calendar year in accordance with the delivery schedule agreed to by the Parties pursuant to
Section 1.5. The monthly quantities to be Delivered, before giving effect to any adjustments
pursuant to Section 1.3. shall herein be referred to as “Original Monthly Quantity” or
“Original Monthly Quantities,” as the context shall require.

Section 1.3 Quantity Variance.

(a) With respect to the Original Annual Quantity, either Party may, at its sole and absolute
discretion, increase or decrease the amount of such Original Annual Quantity by an amount which is
no greater than ***of such Original Annual Quantity by providing advanced written notice (the
“Notice of Adjustment”) to the other Party. Any Original Annual Quantity which has been so
adjusted shall become the “Adjusted Annual Quantity”. The Notice of Adjustment shall
become effective on the date which is three (3) months after the date of such Notice of Adjustment.
Upon effectiveness of such Notice of Adjustment, that portion of the Adjusted Annual Quantity
remaining to be Delivered as of such effective date shall be equitably adjusted by mutual agreement
of the parties, provided however, in the absence of mutual agreement, the portion of the Adjusted
Annual Quantity then remaining to be delivered shall be equally divided among the calendar months
remaining in such calendar year. Any Original Monthly Quantity which has been so adjusted shall
become
the “Adjusted Monthly Quantity”.

 

5

 

* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant
to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this
Exhibit have been separately filed with the Securities and Exchange Commission.

(b) If the actual quantity of the Product Delivered is less than *** of the Original Monthly
Quantity or Adjusted Monthly Quantity, as applicable, then remedial measures in respect of such
deficiency shall be discussed between. OCI and Buyer pursuant to which OCI and Buyer shall find an
amicable solution to such deficiency, including rolling over the deficient quantity to one or more
subsequent Deliveries. In no event shall such deficiency be deemed to be a default under this
Agreement, provided however, OCI shall have exerted commercially reasonable efforts to Deliver the
Original Monthly Quantity or Adjusted Monthly Quantity, as applicable.

Section 1.4 Disposition of Product Sold. Buyer shall utilize the Product for its
manufacturing purposes and shall not re-sell the Product, or become a re-seller or distributor of
the Product.

Section 1.5 Delivery Schedule. At least *** days prior to the beginning of each calendar
year, the Parties shall discuss and consult with each other as to timing and quantities of Original
Monthly Quantities to be Delivered during such calendar year. Absent agreement by the Parties to
the contrary, OCI shall Deliver to Buyer the applicable Original Annual Quantity over substantially
equal batches during each month of such calendar year, pursuant to a monthly purchase order to be
Delivered by Buyer to OCI at least *** prior to the beginning of such month, which purchase order
shall specify the agreed Original Monthly Quantity to be Delivered in such month. The schedule for
Deliveries of Adjusted Annual Quantities shall be determined in accordance with Section 1.3(a).

ARTICLE II

ADVANCE PAYMENT

Section 2.1 Advance Payment. Buyer agrees to make an interest free advance payment (without
prejudice to the final paragraph of this Section 2.1) to OCI (paid to an account designated by
OCI) in the aggregate amount of ****** (the “Advance Payment”), in accordance with the
schedule set forth below:

	 	 	 
	Date	 	Amount
	***
	 	***
	***
	 	***
	***
	 	***
	Total
	 	***

In respect of each payment from Buyer to OCI, Buyer shall be entitled to an
Advance Payment Credit.

“Advance Payment Credit” in respect of any payment shall mean the number equal
to the product of (i) the Pro Rata Percentage and (ii) the
amount of such payment, to the extent that the Advance Payment Balance at the
time of calculation is greater than such number, and if the Advance
Payment Balance is less than such cumber, the amount of the Advance Payment
Balance.

 

6

 

* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant
to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this
Exhibit have been separately filed with the Securities and Exchange Commission.

“Pro Rata Percentage” shall equal the fraction, the numerator of which is
equal to the amount of the Advance Payment and the denominator of which is
equal to the aggregate purchase price for all of the Original Annual
Quantities set forth in Section 1.1.

“Advance Payment Balance as of a certain time, shall mean a number which is
equal to (i) the amount of the Advance Payment less (ii) the aggregate amount
of all Advance Payment Credits prior to such time.

Upon termination of this Agreement pursuant to (i) Section 8.2(a), (ii) Section 8.2(b)
due to a breach by OCI, or (iii) if OCI is unable to meet its obligations hereunder due to a
Force Majeure for more than 120 consecutive days and Buyer shall have the right to terminate
this Agreement with written notice to OCI, OCI shall refund to Buyer within 30 days of the
effective date of such termination the Advance Payment Balance as of the date of such refund,
less any amounts due and payable by Buyer to OCI for already delivered Product which are
outstanding as of the date of such refund.

ARTICLE III

DELIVERY AND SHIPPING

Section 3.1 Delivery. The Product shall be delivered to Buyer Ex Works Gunsan, Korea
(Incoterms 2000); accordingly, the availability of an Original Monthly Quantity or Adjusted Monthly
Quantity, as applicable, for receipt by Buyer at the Plant shall constitute “Delivery” for
the purposes of this Agreement.

ARTICLE IV

PAYMENTS

Section 4.1 Payments. Contemporaneously with each Delivery under this Agreement, OCI shall
issue an invoice to Buyer for the Products being Delivered. Invoices shall be sent electronically.
Buyer shall pay all amounts due under any invoice submitted by OCI within *** days from the date of
such Delivery. All payments made to OCI shall be made in cash by wire transfer to an account
specified by OCI. All such payments shall be free and clear of all withholdings, taxes, set-off,
encumbrances of any kind. Late payment(including late payment of the Advance Payment set forth in
Section 2.1 above) interest of *** per annum may be assessed by OCI on payment past due from the
payment due date to the date payment is received.

 

7

 

* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant
to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this
Exhibit have been separately filed with the Securities and Exchange Commission.

This Agreement is a “take or pay agreement” such that Buyer is absolutely and
irrevocably required to accept and pay for the Original Annual Quantity or Adjusted Annual
Quantity, as applicable (as adjusted pursuant to this Agreement) of Product Delivered for
each of the calendar years set forth in the table in Section 1.1, at the prices set forth in
the same table (as adjusted pursuant to this Agreement). In the event that Buyer fails at
least *** times in any calendar year to accept Delivery of Product within a commercially
reasonable time after having been notified of such
Delivery OCI shall invoice (the “Sweep Invoice”) Buyer for the difference
between (a) the aggregate purchase price for the Original Annual Quantity or Adjusted Annual
Quantity (after taking into account any applicable Advance Payment Credit), as applicable,
for such year and (b) the actual amount paid by Buyer in respect of such Original Annual
Quantity or Adjusted Annual Quantity, as applicable, which amount shall be paid by Buyer
within ten (10) days of the date of such invoice. Any portion of the Original Annual Quantity
or Adjusted Annual Quantity, as applicable not already Delivered by the time of such Sweep
Invoice shall be Delivered by OCI to Buyer substantially in accordance with the delivery
schedule agreed to by the Parties in accordance with this Agreement. Buyer specifically
acknowledges and accepts that Buyer shall be liable for the purchase price of the Original
Annual Quantity or Adjusted Annual Quantity, as applicable, whether Delivered, provided
however, that to the extent that Buyer is required, pursuant to this paragraph, to pay for
that portion of any Original Annual Quantity or Adjusted Annual Quantity, as applicable, not
yet Delivered, OCI shall be required to Deliver such Original Annual Quantity or Adjusted
Annual Quantity, as applicable, in accordance with this paragraph.

Section 4.2 Taxes. OCI shall be responsible for all sales, use, excise, value-added or
other taxes. tariffs. duties or assessments, including interest and penalties levied or imposed at
any time by any governmental authority arising from or relating to the supply of Product. Buyer
shall be responsible for all sales, use, excise. value-added or other taxes, tariffs, duties or
assessments. including interest and penalties, levied or imposed at any time by any governmental
authority arising from or relating to purchase or use of the Product.

Section 4.3 Payment Terms in the Event of Non-Payment. In the event that Buyer does not pay
for Product as required hereunder. in addition to OCI’s other: remedies hereunder, including
termination as provided in VIII hereof, OCI shall be entitled, notwithstanding any other provisions
in this Agreement to the contrary, to cease delivery of any further Product until any arrearages
are cured, including applicable late payment charges. and/or require payment of all future orders
and shipments in the form of a letter of credit meeting OCI’s letter of credit requirements at
least thirty (30) days prior to the date scheduled for Delivery, in instances where Buyer’s payment
is more than thirty (30) days late, at least forty-five (45) days prior to the date scheduled for
delivery

ARTICLE V

SPECIFICATIONS; INSPECTION OF PRODUCT; PLANT

Section 5.1 Specifications.All of the Product to be supplied by OCI shall meet the
specifications set forth in Schedule 1, which may be amended from time xi time upon mutual
agreement (the “Specifications”). OCI shall provide product quality repot with each
Delivery.

Section 5.2 Inspection of Product. Unless Buyer notifies OCI in writing within ninety (90)
days of Delivery that any Product does not conform to the Specification, such shipment shall be
deemed to conform to the Specifications.

 

8

 

* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant
to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this
Exhibit have been separately filed with the Securities and Exchange Commission.

ARTICLE VI

CONFIDENTIAL INFORMATION

Section 6.1 Confidential Information. Any information provided by one Party to the other
Party, including pricing information, Specifications, Product information, Plant information or
other proprietary or confidential information that is not generally available to the public shall
be deemed confidential information (the “Confidential Information”).

Section 6.2 Restrictions On Use and Disclosure. Once any Confidential Information is
provided by one Party (the “Disclosing Party”) to the other Party (the “Receiving
Party”), the Receiving Party shall, and shall cause its respective directors, officers,
principals, members. employees, consultants, contractors, agents, advisors and representatives
(collectively, “Representatives”) (i) not to deliver, divulge, disclose or communicate, cr
permit to be delivered, divulged, disclosed or communicated, to any third party, directly or
indirectly, any Confidential Information, (ii) to disclose or give access to, or permit to
be disclosed or given access to, any such Confidential Information, other than those of its
Representatives that have a need to know such Confidential Information for the purposes of
performing the Receiving Party’s obligations under this Agreement, (iii) to ensure that
such Representatives keep the Confidential Information confidential, and (iv) to take all
other reasonably necessary or advisable actions to preserve the confidentiality and security of the
Confidential Information.

Section 6.3 Exclusions. The foregoing restrictions contained in Section 6.2 shall not apply
to Confidential Information that (i) is or becomes generally known to the public through no
fault of the Receiving Party or its Representatives including without limitation any acts or
omissions of the Receiving Party or its Representatives in violation of this Agreement,
(ii) is disclosed to the Receiving Party without obligation of confidentiality by a third
person who has a right to make such disclosure and the Receiving Party is able to document the
independent source, (iii) was in the possession of the Receiving Party at or prior to the
time of receipt from the Disclosing Party, as evidenced by contemporaneous, corroborated written
records, without being subject to another obligation of confidentiality or (iv) is
independently developed by the Receiving Party without reference to the Disclosing Party’s
Confidential Information.

Section 6.4 Compelled Disclosure. If the Receiving Party or its Representatives is required
to disclose any Confidential Information otherwise than in accordance with this Agreement by
government authority or pursuant to any applicable laws, regulations, or judicial orders, the
Receiving Party shall provide the Disclosing Party with prompt prior written notice of such request
or requirement prior to disclosing the Confidential Information.

Section 6.5 Press Releases. Except as permitted under this Article VI, neither Party shall
issue any press release or make any public announcement which includes or otherwise uses the name
of the other Party, or relates to this Agreement or to the performance hereunder in any public
statement or document, without the prior review and written approval of the other Party, which
approval shall not be unreasonably withheld or delayed. Any such review shall be completed as soon
as practicable, but in any event within five (5) days of receipt of the proposed statement or
document. Notwithstanding the
foregoing, the Parties shall endeavor in good faith to agree upon and issue a joint press release
announcing the relationship between the parties promptly after the date hereof.

 

9

 

* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant
to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this
Exhibit have been separately filed with the Securities and Exchange Commission.

Section 6.6 Confidentiality of Agreement. The terms and conditions of this Agreement,
including the existence thereof, shall be treated as Confident-al Information and shall not be
disclosed by either Party to any third party, except (i) with the Party’s consent, which
consent shall not be unreasonably withheld or delayed, (ii) as may be required by law or
regulation or rules of a nationally recognized stock exchange, (iii) to legal counsel,
accountants, investors, lenders and financial advisors, (iv) in connection with any action
or claim to enforce its rights hereunder or in any related transaction and (v) as
reasonably required in connection with a bona fide financing or sale transaction in which all or
substantially all of a Party’s business, assets or equity capital is proposed to be sold.

ARTICLE VII

WARRANTIES; DISCLAIMER; REMEDIES

Section 7.1 Disclaimer of Warranties. EXCEPT AS SET FORTH IN THIS ARTICLE VII, OCI
DISCLAIMS ANY AND ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTY OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT AND THOSE ARISING FROM A COURSE OF DEALING OR
USAGE OF TRADE.

Section 7.2 Title.OCI warrants that it has good title to the Products sold to Buyer
hereunder and the right to sell them to Buyer free of any security interest. lien or any other
encumbrance whatever.

Section 7.3 Damaged or Defective Product. OCI warrants that the Products Delivered shall
conform to the Specifications. In the event of Delivery of defective Products, upon notice by Buyer
to OCI pursuant to Section 5.2 above, OCI and Buyer shall discuss the appropriate method of curing
such defect, pursuant to which OCI and Buyer shall find an amicable solution to such damage or
defect, provided however, in the absence of agreement to the contrary, Buyer agrees that its sole
and exclusive remedy against OCI shall be limited to, either, at OCI’s sole discretion, (i) repair
or replacement of damaged or defective Product or (ii) pay to Buyer (not to exceed the purchase
price of the specific quantity of defective Products), provided however, OCI shall first allocate
Products to Buyer under option(i) above in a manner to that Buyer is treated no less favorably than
if OCI had allocated all available Products to all of its customers on a pro rata and equitable
basis after also taking into account OCI’s existing contractual obligations to its customers. If
OCI does not agree on the results of inspection conducted by Buyer, the Parties may jointly appoint
an independent third party to conduct the inspection, the results of which shall be final and
binding upon both Parties. The cost of such third party inspection shall be equally borne by both
Parties.

Section 7.4 Failure to Purchase by Buyer. If Buyer fails to take Delivery of or purchase
all or any portion of the Original Annual Quantity or Adjusted Annual Quantity, as applicable, for
any calendar year for any reason whatsoever, OCI shall be entitled to the remedies set forth in
Section 4.1, provided that failure by Buyer to purchase all or any part of such Original Annual
Quantity or Adjusted Annual Quantity, as applicable, made available for Delivery shall not
constitute a breach of this Agreement if OCI shall have received full payment in respect of such
applicable Original Annual Quantity or Adjusted Annual Quantity,
as applicable, in accordance with the Sweep Invoice applicable for such Original Annual Quantity or
Adjusted Annual Quantity, as applicable.

 

10

 

* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant
to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this
Exhibit have been separately filed with the Securities and Exchange Commission.

Section 7.5 Failure to Supply by OCI. Subject to Section 1.1, if OCI is unable, after
exerting commercially reasonable efforts, to deliver all or any portion of the first *** kilograms
of the aggregate amount of the Original Annual Quantities set forth in Section 1.1, Buyer is
entitled to terminate this Agreement immediately, and OCI shall be obligated to compensate any
direct loss and reasonable cost incurred by Buyer in connection with the failure to supply by OCI.

Section 7.6 Limitation of Liability. Buyer’s remedies in respect of any claim relating to
defective products shall be limited by and subject to Section 7.3. In no event shall either party
be liable to the other party for costs of procurement of substitute goods, loss of profits, or for
any indirect, special, consequential, incidental, exemplary or punitive damages, whether arising
out of contract. tort, strict liability or otherwise resulting from or related to this Agreement
(whether or not such party knew or should have known of the possibility of any such damages).

Section 7.7 Indemnity. A Party, (the “Indemnitor”) shall indemnify, defend and hold the
other Party and its officers, directors, employees, consultants, agents and other representatives
(the “Indemnitees”) harmless from and against any and all liability, damage loss, cost or expense
(including reasonable attorneys’ fees) arising out of third party claims or lawsuits (a
“Claim”) related to or arising out of the Indemnitor’s breach of any of its covenants,
representations or warranties set forth in this Agreement. Upon the assertion of any such claim or
suit, the Indemnitees shall promptly notify the Indemnitor and the Indemnitor shall appoint counsel
reasonably acceptable to the affected Indemnitees to represent such Indemnitees with respect to any
claim or suit for which indemnification is sought. The Indemnitees may select their own respective
counsel, at the Indemnitor’s cost, upon notice to the Indemnitor; provided, however, that they
shall not settle any claim or suit hereunder without the prior written consent of the Indemnitor.

ARTICLE VIII

TERM AND TERMINATION

Section 8.1 Term.This Agreement shall commence upon the Effective Date and shall remain in
full force until December 31, 2018, unless earlier terminated pursuant to Section 8.2 below.

Section 8.2 Termination.

(a) Mutual Agreement. This Agreement may be terminated at any time upon mutual
agreement of the Parties.

(b) Termination For Breach. Except as otherwise set forth herein, the failure by a
Party to comply in any material respect with any of the obligations contained in this Agreement
shall entitle the other Party to give notice to have the default cured. If such default is material
and not cured within sixty (60) days after the receipt of such notice, or diligent steps have not
begun to be taken to cure such default within thirty (30) days or if by its nature such default is
not capable of being cured, the other Party shall be entitled to immediately terminate this
Agreement.

 

11

 

* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant
to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this
Exhibit have been separately filed with the Securities and Exchange Commission.

(c) Bankruptcy. Insolvency. If a Party (or its creditors or any other eligible party)
files for its liquidation, bankruptcy. reorganization, composition, dissolution or other similar
proceedings or arrangement, or if such Party is unable to pay any debts as they become due, has
explicitly or implicitly suspended payment of any debts as they became due (except debts contested
in good faith), or if the creditors of the such Party have taken over its management, or if the
relevant financial institutions have suspended clearing house privileges with regard to such Party,
then the other Party shall be entitled to immediately terminate this Agreement.

Section 8.3 Effect of Termination. The expiration or termination of this Agreement shall
not relieve the Parties of any obligations accruing prior to such termination, and any such
termination shall be without prejudice to the rights of either Party against the other conferred on
it by this Agreement. In addition, the provisions of Article VI, VII, VIII and IX shall survive
expiration or termination of this Agreement for any reason for as long as necessary to permit their
full discharge.

ARTICLE IX

MISCELLANEOUS

Section 9.1 Force Majeure. Neither Party shall be responsible for suspension of its
performance under this Agreement (other than the obligation of payment) if such suspension is
caused by fire, flood, epidemics. quarantine restrictions, strikes. lockouts or other labor
disputes. freight embargoes, severe weather, riots, terrorism, acts of war, acts of God or the
public enemy or compliance with applicable laws, rules or regulations of any governmental authority
or by compliance with any order or decisions of any court, board or other governmental authority or
by any cause beyond the reasonable control of such Party, whose effects are not capable of being
overcome without commercially unreasonable expense to such Party (“Force Majeure”); provided,
however, that this Section 9.1 shall not relieve a Party of its obligation to pay for any Product
or other payment required by this Agreement. In addition, if due to Force Majeure, OCI is unable to
produce sufficient Products to meet all demands from customers, OCI shall (a) inform Buyer of such
reduction in production of Product; (b) undertake commercially reasonable efforts to overcome such
situation; and (c) have the right to allocate production among its customers in any manner in which
OCI may determine to be equitable basis, after consulting with Buyer. Buyer shall have no
obligation to pay for the Product not Delivered to Buyer if such failure to Deliver is due to OCI
claiming the occurrence of a Force Majeure.

Section 9.2 Governmental Approvals. OCI shall obtain all necessary Korean governmental
approvals required for the export of the Products to Buyer. Buyer shall obtain all other government
approvals for the import of Products by Buyer. OCI shall obtain and maintain in effect all required
Korean governmental permits, licenses, orders, applications, and approvals necessary for it to
operate its business in all material respects.

Section 9.3 Hierarchy among this Agreement and Purchase Orders. If there is a conflict
between or among the terms of this Agreement. its Schedules or a Purchase Order, the following
order of precedence shall apply: this Agreement, Schedules, and the Purchase Order; provided,
however, a specific written agreement to amend this Agreement (which contains a specific reference
to Section 9.6 of this Agreement) signed by the Parties that expresses the intent of the Parties to
modify this Agreement shall take precedence over
this Agreement.

 

12

 

* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant
to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this
Exhibit have been separately filed with the Securities and Exchange Commission.

Section 9.4 Independent Contractors. The Parties hereto are independent contractors.
Neither Party to this Agreement nor any of its employees, customers or agents, shall be deemed to
be the representative, agent or employee of the other Party for any purpose whatsoever, nor shall
any of them have the right or authority to assume or create an obligation of any kind or nature,
express or implied, on behalf of the other, nor to accept service of any legal claims or notices
addressed to or intended for the other.

Section 9.5 Notice. For the purpose of this Agreement, notices and all other communications
provided for in the Agreement shall be in writing, shall be deemed to have been duly given when
received and may be sent by personal delivery, facsimile (to the respective facsimile number set
forth below or last given by each Party to the other) or sent by express courier (prepaid and
addressed to the respective addresses set forth below or last given by each Party to the other).
The Parties’ respective initial addresses for purposes of receiving notices pursuant to this
Agreement shall be as follows:

	 	 	 
	If to OCI:

	 	If to Buyer:
	 
	 	 
	OCI Company Ltd.

	 	JingAo Solar Co., Ltd.
	OCI Building

	 	JingLong Industrial Park,
	50, Sogong-Dong, Jung-Gu

	 	JingLong Street,
	Seoul, 100-718

	 	Ningjin, Hebei Province 055550
	Korea

	 	People’s Republic of China
	Attn: TaeHyeon Kim

	 	Attn: Jian Xie
	Fax: +82-2-727-9559

	 	Fax: + 86-21-6095-5798

Section 9.6 Amendment; No Waiver.This Agreement cannot be amended, changed, modified or
supplemented orally, and no amendment, change, modification or supplement of this Agreement shall
be recognized nor have any effect, unless the writining in which it is set forth is signed by both
Parties, nor shall any waiver of any of the provisions of this Agreement be effective unless in
writing and signed by the Party to be charged therewith. The failure of either Party to enforce, at
any time, or for any period of time, any provision hereof or the failure of either Party to
exercise any option herein shall not be construes as a waiver of such provision or option and shall
in no way affect that Party’s right to enforce such provision or exercise such option. No waiver of
any provision hereof shall be deemed to be, or shall constitute, a waiver of any other provision,
or with respect to any succeeding breach of the same provision.

Section 9.7 Governing Law; Jurisdiction.

(a) This Agreement shall be governed by and construed and enforced in accordance with the laws
of Singapore, without giving effect to the rules respecting its conflicts of law principles. The
United Nations Convention on Contracts for the International Sale of Goods shall not apply.

 

13

 

* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant
to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this
Exhibit have been separately filed with the Securities and Exchange Commission.

(b) The Parties hereby agree that any dispute arising under this Agreement, or in connection
with any breach thereof, shall be finally resolved through binding arbitration conducted in
accordance with the rules and procedures of the International Chamber of Commerce (“ICC”)
by one (1) arbitrator appointed in accordance with the applicable
rules of the ICC. Any such arbitration shall be held in Hong Kong International Arbitration
Center. Any written evidence originally in a language other than English shall be submitted in
English translation accompanied by the original or a true copy thereof. The costs of the
arbitration, including administrative and arbitrators’ fees, shall be shared equally by the
Parties, and each Party shall bear its own costs and attorneys’ and witness’ fees incurred in
connectior with the arbitration. Any award may be entered in a court of competent jurisdiction for
a judicial recognition of the decision and applicable orders of enforcement. The Parties may apply
to any court of competent jurisdiction for a temporary restraining order, preliminary injunction.
or other interim or conservatory relief, as necessary, without breach of this arbitration
requirement and without any abridgment of the powers of the arbitrator.

(c) If any portion of this Agreement is held invalid by a court or tribunal of competent
jurisdiction, such portion shall be deemed to be of no force and effect and this Agreement shall be
construed as if such portion had not been included herein, provided however, if the deletion of
such provision materially impairs the commercial value of this Agreement to either Party, the
parties shall attempt to renegotiate such provision in good faith.

Section 9.8 Entire Agreement. This Agreement constitutes the entire agreement between the
Parties with respect to the subject matter hereof and supersedes all prior agreements,
understandings and arrangements. oral or written, between the Parties with respect to the subject
matter hereof. No agreement or representations. oral or otherwise, express or implied, with respect
to the subject matter hereof have been made either Party which is not expressly set forth in this
Agreement.

Section 9.9 Assignment. Neither Party shall have the right to assign or otherwise transfer
this Agreement, or any of its rights or obligations hereunder, without the prior written consent of
the other Party.

Section 9.10 Non-Exclusive Agreement. This Agreement is a non-exclusive agreement. OCI
expressly reserves the right to contract with others to supply any of its products or services.
Buyer expressly reserves the right to contract with others for any of the products or services it
may require.

Section 9.11 Successors. This Agreement shall inure to the benefit of and be binding upon
each of the Parties and their respective permitted successors and as signs.

Section 9.12 Headings. The headings used in this Agreement are for convenience of reference
only and shall not affect the meaning or construction of this Agreement.

Section 9.13 Word Meanings. Words such as herein, hereinafter, hereof and hereunder refer
to this Agreement as a whole and not merely to a section or paragraph in which such words appear,
unless the context otherwise requires. The singular shall include the plural, and each masculine,
feminine and neuter references shall include and refer also to the others, unless the context
otherwise requires.

Section 9.14 Language. The official language of this Agreement is English. All contract
interpretations, notices and dispute resolutions shall be in English. Any attachments or amendments
to this Agreement shall be in English. Translations of any of these documents shall not be
construed as official or original versions of such documents.

 

14

 

* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant
to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this
Exhibit have been separately filed with the Securities and Exchange Commission.

Section 9.15 Counterparts. This Agreement may be executed in counterparts or duplicate
originals, both of which shall be regarded as one and the same instrument, and which shall be the
official and governing version in the interpretation of this Agreement.

[Signature pages follow]

 

15

 

* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant
to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this
Exhibit have been separately filed with the Securities and Exchange Commission.

SOLAR GRADE POLYSILICON SPECIFICATION

	1.	 	Material of Specification. Application, and Description

	 	1.1	 	This SPECIFICATION describes the requirements for solar grade silicon material, which
is purchased by CUSTOMER from OCI Company LTD. (OCI).
	 
	 	1.2	 	This SPECIFICATION sets forth the acceptance and rejection criteria for all incoming
solar grade silicon material and supersedes any and all previous specification.
	 
	 	1.3	 	OCI Solar grade poly silicon chunks in a ready-to-use form.

	2.	 	Production Method

	 	2.1	 	The delivered silicon chunks arc produced by the Siemens method using
trichlorosiiane(TCS, SiHCI3) as the feedstock gas.

	3.	 	Specification Values and Analytical Method

	 	 	 	 	 
	Purity	 	Maximum Concentration	 	Method of Analysis
	Donor(Phosphorus)

	 	0.8ppba
	 	LT-FTIR(on a float-zone sample)
	Acceptor(Boron)

	 	0.3ppba
	 	LT-FTIR(on a float-zone sample)
	Carbon

	 	0.3ppma
	 	LT-FTIR(on a float-zone sample)

	 	 	 	 	 
	Bulk Metals(Total)	 	Maximum Concentration	 	Method of Analysis
	Fe, Cu, Ni, Cr, Zn, Na

	 	2.0pphw
	 	ICP-MS(randomly selected pieces 

of polycrystalline silicon)

	 	 	 	 	 
	Surface Metals	 	Maximum Concentration	 	Method of Analysis
	Fe

	 	5.0ppbw
	 	ICP-MS(randomly selected pieces of polycrystalline silicon)
 Surface Metal(Total)<5.0ppbw
	Cu

	 	1.0ppbw	 	 
	Ni

	 	1.0ppbw	 	 
	Cr

	 	1.0ppbw	 	 
	Zn

	 	2.0ppbw	 	 
	Na

	 	3.0ppbw	 	 
	Al

	 	1.0ppbw	 	 
	K

	 	1.0ppbw	 	 

	 	 	 	 	 	 	 
	Product size	 	Length	 	Weight	 	Notes
	Size 1

	 	5 – 150mm
	 	Max. 100%,
	 	No part of rods within 20mm 
from electrode is included.

 

16

 

* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant
to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this
Exhibit have been separately filed with the Securities and Exchange Commission.

	 	 	 
	Parameter	 	Notes
	a. Surface condition

	 	Not etched
	Surface morphology. Discolorations and stains

	 	Not specified
	2. Foreign substances

	 	Not allowed
	weight

	 	5kg +/- 5% per bag or 10kg+/- 2.5% per bag
	Popcorn Contents

	 	Max 40% in a shipment
	Packing

	 	Polyethylene double layer bag

 

17

 

* Confidential treatment has been requested for certain portions omitted from this exhibit pursuant
to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Confidential portions of this
Exhibit have been separately filed with the Securities and Exchange Commission.

(continued)

	4.	 	Labels/Report on Inspection

	 	4.1	 	Labels on 5kg bags: The label on the 5kg bag will give the information about

	 	•	 	Manufacturer
	 
	 	•	 	Collective lot number
	 
	 	•	 	Weight
	 
	 	•	 	Product code
	 
	 	•	 	Manufacturing date

	 	4.2	 	Label on pallets

	 	•	 	Manufacturer
	 
	 	•	 	Collective lot number
	 
	 	•	 	Weight
	 
	 	•	 	Product code
	 
	 	•	 	Manufacturing date
	 
	 	•	 	Pallet quantity
	 
	 	•	 	Purchase order

	 	4.3	 	Bags and pallets can contain additional labels and/or additional information for
internal purposes.

	5.	 	CERTIFICATE OF QUALITY COMPLIANCE

	 	5.1	 	.The Certificate of Quality Compliance is automatically issued and contains valid
specification values.

CoQC is included in each shipment and a copy should be submitted by fax or e-mail to the Customer.

 

18Exhibit 4.6

Exhibit 4.6

SUPPLY AGREEMENT

	 	 	 
	between

	 	Wacker Chemie AG
	 

	 	Hanns-Seidel-Platz 4
	 

	 	81737 Munich
	 

	 	Federal Republic of Germany
	 
	 	 
	 

	 	- hereinafter referred to as “WACKER” -
	 
	 	 
	and

	 	Jing Hai Yang Semiconductor Materials (Doing Hai) Co., Ltd
	 

	 	No.1 Guangming Road. DongHai Development Zone.
	 

	 	Lian Yun Gang. Jiangsu Province 222300
	 

	 	P.R. China
	 
	 	 
	 

	 	- hereinafter referred to as “BUYER” -

Preamble

BUYER has requirements for polycrystalline Silicon. WACKER is willing to supply BUYER with
polycrystalline Silicon.

 

 

 

Now. therefore, in consideration of the foregoing and the mutual premises hereinafter
contained. WACKER and BUYER agree as follows:

	1.	 	Product

WACKER agrees to sell and deliver and BUYER agrees to purchase and take the poly-crystalline
Silicon manufactured by WACKER as defined per specification set forth in Appendix A
(hereinafter referred to as “PRODUCT”).

	2.	 	Quantities

	2.1	 	The BUYER shall make the agreed prepayment according to the payment schedule set forth in
Appendix A.

WACKER shall sell and deliver to BUYER and BUYER will purchase and take from WACKER the annual
quantities of PRODUCT set forth in Appendix A. Quantities per calendar year are fix, and may
not be postponed or otherwise be shifted by BUYER to a later calendar year.

	3.	 	Prices / Payment Terms

	3.1	 	The prices for the PRODUCT are set forth in Appendix A.
	 
	3.2	 	The prices under Section 3.1 above shall be firm until 31.12.2016.
	 
	3.3	 	WACKER shall invoice BUYER with each shipment of PRODUCT. BUYER shall issue an irrevocable
Letter of credit at sight one week in advanced before PRODUCT is scheduled to be shipped ex
Wacker’s Burghausen plant.

	4.	 	Delivery

	4.1	 	PRODUCT shall be delivered CIF shanghai (Incoterms 2000).

	4.2	 	All deliveries of PRODUCT are subject to WACKER’s General Conditions of Sale set forth in
Appendix B and hereby made part of this Agreement, provided, however, that if there is any
conflict between the terms of this Agreement and the said Conditions of Sale the terms of this
Agreement shall prevail.

	4.3	 	The agreed annual quantities for the years 2012. 2013. 2014, 2015 and 2016 will be shipped in
about equal monthly installments.

	5.	 	Quality / Inspection and Testing

	5.1	 	The PRODUCT supplied by WACKER shall conform to the specifications set forth in Appendix A.

	5.2	 	Upon receipt of each shipment of PRODUCT BUYER shall inspect the PRODUCT. Unless BUYER
notifies WACKER within 5 (five) days after the arriva of the shipment at BUYER’s premises or
warehouse, that it does not conform to the quantity ordered or WACKER’s certificate of quality
does not conform to the specifications set forth in Appendix A, said shipment shall be deemed
to have been delivered as ordered and WACKER’s certificate of quality shall be deemed to
conform to the specifications. in case of hidden defects the respective shipment shall be
deemed to have been delivered as ordered and WACKER’s certificate of quality shall be deemed
to conform to the specifications unless BUYER notifies WACKER within 10 (ten) days after the
discovery of such defect that the PRODUCT does not conform to the quantity ordered or WACKER’s
certificate of quality does not conform to the specifications set forth in Appendix A.

 

2

 

	6.	 	Warranty liability

	6.1	 	WACKER warrants solely that the PRODUCT delivered shall conform to the specifications set
forth in Appendix A. Except for the warranty provided above. WACKER disclaims any and all
other express or implied warranties with respect to the PRODUCT, and any warranty of
merchantability or fitness for a particular purpose is expressly disclaimed. In case of
defective PRODUCTS BUYER has the right to claim delivery of PRODUCTS free of defects. In case
WACKER fails to deliver such PRODUCTS free of defects. BUYER has the right to reduce the
purchase price accordingly or to withdraw from the respective purchase contract.

	6.2	 	In case of breach of the Agreement, WACKER’s liability in case of ordinary negligence shall
be limited to the value of the defective PRODUCT(s) supplied, i.e. in addition to replacing
the PRODUCT or refunding the purchase price, WACKER shall pay damages to BUYER up to the
purchase price of the defective PRODUCT. In case of gross negligence on the part of WACKER,
WACKER shall pay damages up to double the purchase price of the defective PRODUCT. In case of
intent, WACKER stall be fully liable. Moreover. WACKER shall be fully liable for claims in
accordance with product liability legislation and other mandatory legal regulations, as well
as for claims resulting from injury to a person’s life. body or health.

	7.	 	Confidentiality

	7.1	 	The PARTIES may use all the information disclosed under this Agreement only for the purposes
contemplated herein.

	7.2	 	The PARTIES hereto agree to keep secret such information and to take the necessary measures
to prevent any disclosure to third parties.

	7.3	 	Each PARTY is responsible for assuring that secrecy is maintained by its employees and agents.
	 
	7.4	 	The secrecy obligation does not apply to information

	 	•	 	where a PARTY can prove that is was known to it prior to its receipt;

	 	•	 	which is or has become generally available to the public prior to its receipt;

	 	•	 	which is or has become generally available to the public without being the result of
a breach of this Agreement;

	 	•	 	which is in accordance with information such PARTY received or got access to from an
entitled person without any obligation of secrecy;
	 
	 	•	 	where the other PARTY approved the disclosure in a particular case in writing.
7.5 The secrecy obligation shall survive the term of this Agreement.

	8.	 	Reservation Of Ownership

	8.1	 	Any PRODUCT that has been sold remains the sole property of WACKER until all outstanding debt
arising from the business connection with BUYER has been paid in full. BUYER has power of
disposal of the PRODUCT in the ordinary course of business, or he may process the PRODUCT
until revocation of the power of disposal by WACKER.

 

3

 

	8.2	 	Reservation of ownership and power of disposal. as laid down in clause 8.1, also applies to
the full value of the manufactured PRODUCT produced by processing, mixing and blending or
combining the PRODUCT. In each case WACKER qualifies as the manufacturer. Incases where
PRODUCT is processed, mixed and blended, or combined with those of a third party, and where
the reservation of the latter continues to apply, then WACKER acquires joint ownership in
proportion to the invoice value of those processed goods. If security rights of a third party
are in fact or in law below that share, the difference will be to the benefit of WACKER.

	8.3	 	If BUYER resells PRODUCT to third parties he hereby assigns the entire resulting payment
claim — or in the amount of WACKER’s joint share therein (see para. 8.2) — to WACKER. In the
event the parties agree on a current account, the respective balance amounts shall be
assigned. However, BUYER shall be entitled to collect such payment claim on behalf of WACKER
until WACKER revokes such right or until payments by BUYER are discontinued. BUYER is only
authorized to make assignment of these claims — even only for the purpose of collection by way
of factoring — with the express written consent of WACKER.

	8.4	 	BUYER shall immediately give notice to WACKER if any third party raises any claim with
respect to such goods or claims which are owned by WACKER.

	8.5	 	If the value of the collateral exceeds WACKER’s accounts receivable by more than 20%, then
WACKER will release collateral on demand and at WACKER’s discretion.

	8.6	 	WACKER is also entitled to take back PRODUCT on the basis of the reservation of title. even
if WACKER has not previously cancelled the contract. If product is taken back by way of the
exercise of the reservation of ownership, this shall not constitute cancellation of the
contract. For such purpose BUYER shall give WACKER or its authorized representatives access to
the premises where the PRODUCTS are stored.

	8.7	 	If the laws of the country in which PRODUCT is located after delivery do not permit WACKER to
retain the title to PRODUCT, but allow the retention of other similar rights to PRODUCT. BUYER
shall provide WACKER with such other equivalent right. BUYER undertakes to assist WACKER in
the fulfillment of any form requirements necessary for such purpose.

	9.	 	Force Majeure

	9.1	 	If either party should be prevented or restricted directly or indirectly by an event of Force
Majeure as hereinafter defined from performing all or any of its obligations under this
Agreement, the party so affected will be relieved of performance of its obligations here under
during the period that such event and its consequences will continue, but only to the extent
so prevented, and will not be liable for any delay or failure in the performance or any of its
obligations hereunder or loss or damage whether direct, general. special or consequential
which the other party may suffer due to or resulting from such delay or failure, provided
always that prompt notice is given by the affectec party to the unaffected party by facsimile
or telephone or email of the occurrence of the event constituting the Force Majeure, together
with details thereof and an estimate of the period of time for which it will continue.

	9.2	 	The term Force Majeure shall include without limitation strike. labour dispute, lock out,
fire. explosion, flood, war (accident), act of god or any other cause beyond the reasonable
control of the affected party. whether similar or dissimilar to The causes enumerated above.

 

4

 

	9.3	 	If a single event of Force Majeure or a series of the same events of Force Majeure lasts for
more than three months, the Buyer will have right to purchase its required volume from other
sources
that can meet the Buyer’s demand. And such purchased quantity will be deducted from Buyer’s
annual quantity obligation to Wacker and Wacker will refund the prepayment related to such
quantity that Buyer has to purchase from a third party. And should such Force Majeure lasts for
more than 6 months (without interruption), the party not affected by such Force Majeure event
may terminate this Agreement with three months prior written notice.

	10.	 	Assignment

This Agreement or any part thereof is not assignable by either party without the prior
written consent of the other party.

	11.	 	Entire Agreement

	11.1	 	This Agreement constitutes the whole agreement between the parties as to the subject matter
thereof and no agreements, representations or warranties between the parties other than those
set out herein are binding on the parties.

	11.2	 	No waiver, alteration. or modification of this Agreement shall be valid unless made in
writing and signed by authorized representatives of the parties.

	12.	 	Severability

In the event, any provision of this Agreement shall be declared invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall
not in any way be affected or impaired thereby.

	13.	 	Headings

The headings of the articles of this Agreement are inserted for convenience only and shall
not be deemed to constitute a part of this Agreement or to affect the construction hereof.

	14.	 	Duration / Termination

This Agreement will commence on the 01 October 2010 and will endure for a defined period of
6 (six) years and 3 (three) months.

	15.	 	Applicable Law Jurisdiction

This Agreement shall be construed and the legal relations between the parties hereto shall
be determined in accordance with the laws of Germany; the application of the 1980 United
Nations Convention on Contracts for the international Sale of Goods is expressly excluded.

All disputes arising out of, or in connection with, this Agreement or its validity shall be
finally settled in accordance with the Arbitration Rules of the German Institution of
Arbitration e. V. (DIS) without recourse to the ordinary courts of law. The place of
arbitration is Frankfurt. The arbitral tribunal consists of three arbitrators. The language
of the arbitral proceedings is English.

 

5

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