Document:

FY05 10-K EXHIBIT 10.13 DISCLOSURE AND OPTION TO LICENSE AGREEMENT

    

      EXHIBIT
        10.13

      

      

      AMENDMENT
        dated as of March 31, 2005 to:

      

      DISCLOSURE
        AND OPTION TO LICENSE AGREEMENT (the ?Agreement?) dated as of April 1, 2000,
        by
        and between KYOCERA CORPORATION, a corporation organized under the laws of
        Japan, and AVX CORPORATION, a Delaware corporation.

      

      In
        accordance with Article VIII, Section 8.01 of the Agreement, Kyocera Corporation
        and AVX Corporation agree to continue the Agreement for one year to April
        1,
        2006 upon the existing terms.

      

      IN
        WITNESS WHEREOF, the parties have caused this Amendment to be duly executed
        as
        of the date first written above.

      

      KYOCERA
        CORPORATION   AVX
        CORPORATION

      

      By       By

      __/s/
        Yasuo Nishiguchi_____   __/s/
        John S. Gilbertson___

      

      Name:
        Yasuo Nishiguchi    Name:
        John S. Gilbertson

      Title:
        President     Title:
        Chief Executive Officer

      And
        PresidentFY05 10-K EXHIBIT 10.14 MACHINERY AND EQUIPMENT PURCHASE AGREEMENT

    

      EXHIBIT
        10.14

      

      

      

      MACHINERY
        AND EQUIPMENT PURCHASE AGREEMENT (the "Agreement") dated as of April 1, 2005,
        by
        and between KYOCERA CORPORATION, a corporation organized under the laws of
        Japan
        ("KC"), and AVX CORPORATION, a Delaware corporation
        ("AVX")

      

      

      WHEREAS
        KC and AVX each design and manufacture equipment and machinery of a proprietary
        and confidential nature used in the manufacture of capacitors and other
        electrical components; and 

      

      WHEREAS
        KC and AVX are
        each
        desirous of purchasing, on the terms and conditions hereinafter described,
        certain machinery and equipment to be manufactured by the other party in
        accordance with designs, drawings, specifications, and proprietary information
        communicated for such purpose. 

      

      NOW,
        THEREFORE, for and in consideration of the mutual promises and covenants
        set
        forth herein, and other good and valuable consideration, the receipt and
        sufficiency of which are hereby acknowledged, the parties hereto hereby agree
        as
        follows: 

      

      ARTICLE
        I 

      

      Definitions
        

      

      The
        following terms shall have the following meanings for purposes of this Agreement
        unless otherwise clearly required by the context: 

      

      SECTION
        1.01. Buyer.
        "Buyer"
        shall mean the party hereto that purchases machinery and equipment manufactured
        by the other party as contemplated in this Agreement. 

      

      SECTION
        1.02. Product.
        "Product"
        shall mean the machinery and equipment used in the manufacture of capacitors
        and
        other electrical components purchased by the Buyer and manufactured and sold
        by
        the Seller as contemplated in this Agreement. 

      

      SECTION
        1.03. Seller.
        "Seller" shall mean the party hereto that manufactures and sells machinery
        and
        equipment to be purchased by the other party as contemplated in this Agreement.
        

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      ARTICLE
        II

      

      Purchases
        and Terms 

      

      SECTION
        2.01. Purchase
        and Sale. The
        Seller will sell to the Buyer the Products ordered by the Buyer from time
        to
        time at prices and terms mutually agreed upon by the Buyer and Seller during
        the
        term of this Agreement. 

      

      SECTION
        2.02. Purchase
        Orders. All
        purchases to be made pursuant to this Agreement will take the form of separate
        orders to be communicated in writing, from time to time, from Buyer to Seller.
        The Seller shall provide a written notice to the Buyer of each purchase order
        so
        accepted; such written notice will include a quotation of the total selling
        amount and shipment cost for the Product. 

      

      SECTION
        2.03. Price,
        Delivery and Payment. The
        prices, dates and places of delivery, and terms of payment to be made pursuant
        to this Agreement are to be specified, and agreed upon between Buyer and
        Seller,
        in each and every such purchase order and such terms shall be equivalent
        to
        those terms which an independent unrelated party would agree to at arm's
        length.
        The Buyer shall provide the Seller with a written approval accepting such
        terms
        in order to authorize the Seller to commence the manufacture of the Product.
        

      

      ARTICLE
        III 

      

      Manufacture
        of Products 

      

      SECTION
        3.01. Technical
        Information. The
        Seller agrees to furnish to Buyer, after acceptance of each order, necessary
        designs, drawings, (if specifically requested by Buyer) specifications,
        engineering data, and other such information.

      

      SECTION
        3.02. Quality
        Control. Seller
        agrees that the Products which it manufactures hereunder shall be acceptable
        to
        Buyer as to designs, specifications, standards of quality, and performance.
        No
        significant deviation from designs, specifications, or standards of quality
        established or approved by Buyer, which have been communicated to Seller,
        shall
        be made without the written consent of Buyer. Seller agrees that it will
        establish and maintain appropriate test and inspection procedures to insure
        compliance by Seller with the covenants hereinbefore set forth. 

      

      SECTION
        3.03. Right
        of Inspection. Seller
        agrees that Buyer shall have the right of sending inspectors to the plant
        or
        plants of Seller during the course of manufacturing, and Seller shall furnish
        to
        such inspectors the fullest opportunity for observing any and all work being
        carried on with respect to the Products, and of testing a reasonable number
        of
        such Products or any parts thereof. 

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      ARTICLE
        IV 

      

      Confidentiality
        

      

      All
        materials and information provided by either party to this Agreement to the
        other shall be treated by the recipient as Confidential and shall not be
        disclosed to third parties without the written consent of the disclosing
        party.
        Nothing contained herein shall be deemed to constitute the grant by the
        disclosing party to the recipient of any right or license under or with respect
        to any Confidential Information, trademarks, copyrights, trade secrets, patents,
        patent applications, or other proprietary rights. 

       

      

      ARTICLE
        V 

      

      Term
        and Termination 

      

      SECTION
        5.01. Term.
        The term
        of this Agreement shall be one year. Subject to Section 5.02 below, this
        agreement shall be automatically renewed at the end of the first year, and
        each
        succeeding year, for an additional year.

      

      SECTION
        5.02. Termination.
        This
        Agreement may be terminated by either party by written notice to the other
        party
        given not less than six months prior to the expiration date of the current
        term
        or at the option of one party in case the other party becomes involved in
        receivership, bankruptcy or insolvency proceedings or in the event of action
        by
        any government which would render impossible performance of any obligations
        under this Agreement by either party. In any case wherein a breach of any
        of the
        covenants of this Agreement by either party is not remedied within a 90 day
        period after receipt of written notice thereof from the other party, this
        Agreement may be terminated if written notice of default without such 90
        day
        remedy is given by the other party in the manner provided in Section 6.08
        of
        this Agreement.

      

      SECTION
        5.03. Effect
        of Termination. Any
        termination of this Agreement pursuant to the provisions of Sections 5.01
        or
        5.02 will not prejudice either party's right to recover any amounts due
        hereunder or bring any cause of action or claims against the other party
        of any
        other person arising from the transactions contemplated by this Agreement.
        

      

      

      

      

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      ARTICLE
        VI 

      

      Miscellaneous
        

      

      SECTION
        6.01. Arbitration.
        All
        disputes, controversies, or differences which may arise between the parties,
        out
        of or in relation to or in connection with this Agreement, or breach thereof,
        shall be finally settled by arbitration pursuant to the Japan-America Trade
        Arbitration Agreement of September 16, 1952, by which each party hereto is
        bound. Such Arbitration shall be held in Osaka, Japan if initiated by AVX
        and
        shall be held in South Carolina if initiated by Kyocera. 

      

      SECTION
        6.02. Waiver.
        The
        failure of either party to enforce at any time any provision of this agreement
        or to require at any time performance by the other party of any provision
        hereof
        will not be construed to be a present or future waiver of such provisions
        or in
        any way affect the validity of this Agreement or any provision hereof or
        the
        right of the other party thereafter to enforce each and every such provision.
        One or more express waivers by either party of any provision, condition or
        requirement of this Agreement will not constitute a waiver of any future
        obligation to comply with such provision, condition or requirement, unless
        so
        provided in a writing signed by the
        parties hereto. 

      

      SECTION
        6.03. Entire
        Agreement; Amendment. This
        Agreement constitutes the complete and full understanding between the parties
        hereto with respect to the subject matter hereof, and this Agreement supersedes
        all prior and contemporaneous agreements or understandings between the parties
        hereto relating to the subject matter thereof. This Agreement may not be
        modified or amended except with the written consent of both parties.

      

      SECTION
        6.04. Assignment.
        This
        Agreement and the rights and obligations of a party under this Agreement
        may not
        be assigned or transferred without the prior written consent of the other
        party
        hereto. 

      

      SECTION
        6.05. Counterparts.
        This
        Agreement may be executed in two or more counterparts, each of which will
        constitute an original but all of which when taken together will constitute
        but
        one instrument. Counterparts may be delivered by facsimile. 

      

      SFCTION
        6.06. Severability.
        If
        any
        provision or provisions hereof shall, to any extent, be invalid, illegal
        or
        unenforceable, the validity, legality and enforceability of the remaining
        provisions hereof shall not in any way be affected or impaired thereby and
        will
        be valid and enforceable to the fullest extent permitted by law.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      SECTION
        6.07. Captions.
        Captions
        contained in this Agreement are inserted as a matter of convenience and do
        not
        define, limit, extend or describe the scope of this Agreement or the intent
        of
        any provision. 

      

       

      SECTION
        6.08. Notices.
        All
        notices or other communications required or permitted to be given hereunder
        shall be in writing and shall be delivered by hand or sent by prepaid telex,
        cable, telecopy, or e-mail, or sent, postage prepaid, by registered, certified
        or express mail (return receipt requested) or reputable overnight courier
        service, and shall be deemed given when so delivered by hand, telexed, cabled
        or
        telecopied, or e-mailed, or if mailed, ten days after mailing (two business
        days
        in the case of express mail or overnight (courier service), as follows (or,at
        such other address for a party as may be specified by like notice):

      

      KYOCERA
        CORPORATION    AVX
        CORPORATION

      6
        Takeda
        Tobadono-cho,     17th
        Avenue
        South

      Fushimi-ku,
        Kyoto 612-8501 Japan  Myrtle
        Beach, SC 29577

              U.S.A.

      

      Attention:
        President     Attention:
        Chief Financial Officer

      

      

      

       

      

      SECTION
        6.09. No
        Third Party Beneficiaries. AVX and
        KC
        agree that the execution, delivery and performance of this Agreement are
        not
        intended to create any contractual rights benefiting any third parties and
        that
        in the event of breach or failure to perform by either party of its covenants
        or
        agreements contained in this Agreement such party shall be liable only to
        the
        other party hereto. 

      

      SECTION
        6.10. Governing
        Law.
        This
        Agreement shall be governed and interpreted in accordance with the internal
        laws
        of South Carolina applicable to agreements made and to be performed entirely
        within such State, without regard to conflicts of law principles. 

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, the parties have caused this Agreement to be duly executed
        as
        of the date first written above.

      

      KYOCERA
        CORPORATION,       
AVX
        CORPORATION,

      

      by
        __/s/ Yasuo Nishiguchi______         __/s/
        John S.
        Gilbertson_______     

      Name:
        Yasuo Nishiguchi                     Name:
        John S. Gilbertson

      Title:
        President                            Title:
        Chief Executive Officer 

                                         and
        President

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