Document:

Portions of the text marked with [*****] have been redacted for confidential treatment. The redacted information has been excluded because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed.

Sales ContractEthylene Chemical Grade - Terneuzen
Date of Contract1st January 2021
​
Seller agrees to sell and supply to Buyer the Product described in this Contract out of the production plant of Dow Benelux BV, Terneuzen, The Netherlands, and Buyer agrees to purchase and receive from Seller such Product into Buyer’s Product consuming plant in Terneuzen, according to the TERMS AND CONDITIONS set out below.
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Dow Europe GmbH
Bachtobelstrasse 3
8810 Horgen – Switzerland
(“Seller”)
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Trinseo Europe GmbH
Zugerstrasse 231
8810 Horgen
Switzerland
(“Buyer”)
​
(each of Seller and Buyer a “Party” and together “Parties”)
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1.Product Chemical Grade Ethylene
​
2.SpecificationSpecification 322902 C001 attached hereto as Appendix B and 
made part of this Contract
​
3.Quantity 
		3.1.
	Minimum Volume [*****] per calendar year (“Minimum Volume”) – Maximum Volume [*****] per calendar year (“Maximum Volume”), (base volume)

		3.2.
	Seller and Buyer will discuss on an annual basis (before September 30st of the then current year) the possibility to increase contractual volumes, above those previously agreed in the Contract (i.e. base volume), for the following calendar year. This is a non-binding discussion with no obligations to supply or consume additional volumes by Seller or Buyer respectively. 

		3.3.
	Seller will have the first right of refusal for all incremental volumes at the defined contract prices. If, for whatever reason, Seller is not able to supply the relevant volumes, Seller will grant Buyer access to Seller’s infrastructure for a fee equal to [*****] of Product. This fee will cover all unloading, pipeline, and storage costs for the month of discharge and delivery to Buyer’s flange. Additional volumes, if at all possible and agreed, will be capped/limited in line with the actual constraints at Seller’s site for that particular year. 

		3.3.1.
	In the event of additional volume under this Section 3.3 above, the base volume nominated by Buyer must be consumed by Buyer. Any reduction in the production plan will be first reduced from the incremental volume layer before the Seller’s base volume will be impacted, 

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i.e. the incremental external volume is not supposed to come at the expense of Seller’s base contractually nominated volume. Buyer undertakes to sell, and Seller undertakes to make available, any excess volume on an FCA ARG Lillo (Dow) basis during the month of underperformance. Imported volume must not be carried over into the following month.
		3.4.
	In the event that Seller declares Force Majeure on the Product and cannot supply, Seller will grant access to ethylene infrastructure, provided Seller is able to reasonably maintain safety standards at the time, and make best efforts to facilitate the import of ethylene purchased by Buyer for use in Buyer’s plant for the duration of the Force Majeure event.

		3.5.
	In the event that Buyer declares Force Majeure on the Product, Buyer is obligated to reduce the supply of ethylene equally between suppliers. 

		3.6.
	In all cases, ethylene shall be of EU origin, delivered by vessel to Terneuzen (or another site in Seller’s option providing freight is equal or less). Vessel restrictions and parcel sizes will apply as follows:

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For Terneuzen: Braakman A-West and C-West / LOA 165 M / Draft 10.4 M
For Stade: Jetty 1 inside / LOA 155 x 33 M / Draft 9 M
Discharge temperature: minus 103 C
The COA format is according to the Dow purchase specification according to Appendix C of this Contract
Vessel nomination and vetting process shall be in accordance with the standard Seller’s work process and maritime terms and conditions according to Appendix D of this Contract. 
   Parcel sizes are limited to 3-4kt per vessel.
​
	3.7.
	Ethylene imported by Buyer into Seller’s system will be on DAP Terneuzen terms. Incoterms 2020 shall be applicable. Any opportunity to import ethylene into Seller’s system in Stade or Tarragona will be in Seller’s option, provided freight is less than or equal to freight into Terneuzen (should freight be more expensive, Seller will be given the option to pay the difference in freight to move the volume to the desired destination). 

Buyer will invoice the relevant vessel deliveries  to Seller for the Product volume as discharged into Seller’s system at the price according to Section 4 below minus the infrastructure fee detailed in this Section 3, applicable for the month of delivery (month of delivery = month of discharge).  Seller will deliver and invoice the equivalent Product volume by way of pipeline in accordance with the terms and conditions of this Contract applicable for the relevant month referenced before. For example, polymer grade ethylene imported into Terneuzen will be returned as chemical grade ethylene with the formula pricing in accordance with this Contract. Buyer undertakes to consume all imported ethylene during the month of delivery in line with the firm and binding nomination. 
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	4.
	Price/Currency

The pricing for the Product shall be as shown in the table below, with Ethylene MCP being the Monthly Contract Price for Ethylene as reported by ICIS-LOR, for the month of delivery. The following price formulas shall apply, invoiced in EUR/MT (excl. VAT):
​
	

	

	Formula
	Pricing period

	[*****]
	[*****]

​
 Where:
MCP – [*****]
P – Actual percentage of ethylene contained in the product (percent)
N – [*****]
GO – [*****]
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The conversion from US Dollar to EUR will be carried out at the average exchange rate as published by ECB (European Central Bank) for the month of delivery. 

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The Parties acknowledge their mutual concern about the robustness and integrity of the MCP process as reported by ICIS-LOR. In the event:
		i.
	the MCP process disappears,

		ii.
	either Party raises concerns relative to compliance of the MCP, whether in the current or an updated format, with applicable antitrust laws which concerns, upon request of the respective other Party, shall be supported by a legal assessment of a reputable antitrust law expert; or

		iii.
	an updated MCP process in the opinion of one of the Parties no longer reflects the Product market dynamics adequately, or

		iv.
	if Seller decides to cease participation in the MCP process, then either Party may send the other Party a written notification that it wishes to initiate pricing negotiations, and within 30 days from receipt of such notification, the Parties shall either initiate negotiations relative to a bi-lateral MCP-like reference price on a monthly basis, or use all reasonable endeavours to come up with and find an alternative market reference price (or set of prices), either of which shall replace the MCP in the Price formulas of Section 4, with adjustments as are reasonably required, in order to achieve a similar economic effect as intended by the Parties when this Contract was signed.

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In the event that the Parties are unable to agree upon an alternative price mechanism within sixty (60) days following a Party's notification to initiate pricing negotiations as set out above, the Parties shall elevate the negotiations to senior management of the Parties. If senior management of the Parties cannot reach agreement within thirty (30) days of such elevation, the Parties shall agree on a third party expert within ten (10) days to determine an alternative market reference price (or set of prices) meeting the principles described above. The determination made by the third-party expert shall be final and binding for the Parties. If the Parties cannot agree on a third party expert within the ten (10) days, then the dispute regarding the pricing shall constitute a dispute to be resolved pursuant to the terms of Section 12 of the DOW OLEFINS & AROMATICS GENERAL TERMS AND CONDITIONS (Applicable Law & Jurisdiction), as attached hereto. Parties agree that the then current MCP mechanism shall continue to apply until an agreement has been reached through pricing negotiations or an eventual dispute is resolved.
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5.Delivery TermsDDP Terneuzen. Incoterms 2020 shall be applicable.
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	6.
	Delivery Schedule

Each calendar month, Buyer shall purchase at least the [*****] of the Minimum Volume and Seller shall sell in each month up to [*****] of the Maximum Volume, (the “Monthly Volume”). Buyer agrees to buy and offtake and Seller agrees to sell and deliver Product, throughout each month on this rateable basis as is commercially reasonable. In addition to the forecast referred to in Section 7.1 below, Buyer shall provide to Seller a non-binding forecast of Product demand for the next calendar year by no later than the end of the third quarter of each calendar year. 
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	7.
	Binding Forecast & Operational Flexibility

		7.1.
	Buyer shall provide Seller a rolling [*****] forecast of Product volume no later than by [*****] prior to the end of [*****]. The volume forecast for the first month of any such rolling [*****] shall be binding (such first month volume, each a “Binding Forecast”). If in any month Buyer fails to submit the relevant Binding Forecast for the next following month on time, the Binding Forecast of that (current) month will be considered binding. Buyer will try to ensure, if reasonable possible and practicable, that M+1-month volume is not deviating more than 20% from the quantity actually consumed during month M.

		7.2.
	If Buyer fails to purchase the binding volume of Product provided in the respective Binding Forecast for reasons other than (a) a Force Majeure Event as defined in in Section 7 of the DOW OLEFINS & AROMATICS GENERAL TERMS AND CONDITIONS; (b) a failure of Seller to deliver Product in accordance with the Specification set forth on Annex A; or (c) a fault of Seller, then Buyer shall pay to Seller an under-lifting penalty in an amount of (i) [*****] per metric ton for (ii) the difference in metric tons 

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between (A) the Binding Forecast and (B) the quantity of Product actually purchased by Buyer in the applicable calendar month.
		7.3.
	The Parties hereby confirm and agree that the mechanism of the under-lifting set out in Section 7.2, is intended to ensure good planning, and the efficient execution of delivery and consumption of Product under the Contract on a monthly basis, and will compensate Seller exhaustively for relevant shortfall of Buyer not caused by any of the scenarios referred to in Section 7.2 (a) – (c). Therefore, for the avoidance of doubt, it is acknowledged and agreed that Seller shall not be entitled to any kind of other or additional compensation from Buyer relative to any shortfall by Buyer to purchase and off-take the relevant Monthly Volume of the month in which Buyer did not meet its Binding Forecast commitment. It is further agreed that any metric ton under the mechanism of the under-lifting, i.e. for which Buyer has paid [*****], will be deducted from the (annual) Minimum Volume and Maximum Volume as well as from the Monthly Volume and be treated as if Buyer had consumed it in accordance with the terms of this Contract. 

		7.4.
	In the event there is a deviation of Buyer in month 2 (M+1) of the rolling forecast in excess of 20% for three (3) consecutive months,  for reasons other than (a) a Force Majeure Event as defined in Section 7 of the DOW OLEFINS & AROMATICS GENERAL TERMS AND CONDITIONS; (b) a failure of Seller to deliver Product in accordance with the Specification set forth on Annex A; or (c) an agreement by the Parties, then the Parties will meet within ten (10) working days following the last day of the relevant month to discuss such an event, with the aim to prevent a near-term reoccurrence of such deviation. During such a discussion, the underlying causes of the deviation will be reviewed and addressed as is reasonably possible and practicable and legally permissible. 

		7.5.
	Monthly Operational Tolerance: 

Subject to sentence 2, 3 and 4 of this Section 7.5, the monthly product offtake volume tolerance for Product supplies under this Contract will be [*****] of the respective monthly nominated Product volume in metric tons, (the “Monthly Operational Tolerance”). Buyer shall always use commercially reasonable efforts to offtake Product volume in line with the Monthly Operational Tolerance, however, a monthly product offtake volume tolerance for Product supplies under this Contract of up to [*****] is permissible for as long as this higher monthly tolerance occurs only on an occasional basis, and under no circumstances for more than three (3) consecutive months.  In the event there is a deviation of Buyer from the Monthly Operational Tolerance for three (3) consecutive months, then the Parties will meet within ten (10) working days following the last day of the relevant month to discuss such consecutive deviation, with the aim to prevent a near-term reoccurrence of that deviation. During such a discussion, the underlying causes of the deviation will be reviewed and addressed as is reasonably possible and practicable and legally permissible.
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8.Shipment MethodPipeline
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9.Terms of Payment[*****]
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	10.
	Credit 

		10.1.
	In the event that (1) Buyer does not pay on time in [*****] occasions, or (2) Seller believes based on reasonable, reliable information which Seller will share upon request of Buyer that Buyer is insolvent or that Buyer will not or cannot pay Seller’s invoices, Seller may defer shipments, accelerate the due date on all amounts owed to Seller, require cash payments in advance of delivery or any other suitable security, or cancel this Contract.  Seller will promptly and by email, telecopy or letter notify Buyer of actions taken under this Section. Buyer agrees to hold Seller harmless for any cost and/or expenses actually and directly incurred by Seller in connection with this Section which shall include but is not limited to all collection costs including reasonable attorney fees. Seller may charge interest on all overdue amounts at the rate set forth in Section 9.2 of Dow OLEFINS & AROMATICS GENERAL TERMS AND CONDITIONS. In case Seller defers shipments or takes other actions under this Section, Seller will 

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not be in default for delivery and Buyer shall not be entitled to revoke any orders, rescind any purchase or supply agreement nor will Buyer be entitled to any indemnification.
		10.2.
	In case the one (1) month EURIBOR assessment according to Section 9.2 of Dow OLEFINS & AROMATICS GENERAL TERMS AND CONDITIONS ceases to be published, the Parties will meet to agree on an alternative benchmark for one (1) month interest rates on EURO loans. Such an alternative benchmark should have had an average rate similar to the one (1) month EURIBOR rate over the previous 3-year period. If no such benchmark exists, then the Parties will enter negotiations to establish a satisfactory alternative basis for computing a one (1) month interest rate.

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	11.
	Period of Contract 

This Contract is effective as of January 1st 2021 until December 31st 2023. It shall continue for a two (2) year period thereafter if not terminated by either Party with at least twelve (12) months prior written notice.
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	12.
	Planned Turnarounds

		12.1.
	Seller Planned Maintenance Turnarounds

In the event of a planned Ethylene Cracker turnaround Seller reserves the option to cancel supply under this Contract at the affected site in association with the shutdown period provided Seller gives Buyer at least twelve (12) months advance good faith notification in writing of the planned shutdown period. The Parties agree that any twelve (12) month notice provided under this Section by Seller shall be in good faith but is not binding and the shutdown notice is for planning purposes only and subject to adjustment by Seller if it gives a firm binding not less than sixty (60) days’ notice prior to the planned shutdown date. Unless otherwise agreed between the Parties, any Product quantity affected by Seller’s shutdown and not delivered in connection therewith shall be deducted from the Minimum Volume and the Maximum Volume. In the event Seller and Buyer mutually agree to recover any lost volume, the Parties will develop a mutually acceptable schedule.
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		12.2.
	Buyer Planned Maintenance Turnarounds 

In the event of a planned shutdown at Buyers Ethylene and Benzene consuming facility at Terneuzen, Buyer reserves the option to cancel supply under this Contract at the affected site in association with the shutdown period provided that Buyer gives Seller at least twelve (12) months advance notification in writing of the planned shutdown period. The Parties agree that any twelve (12) month notice provided under this section by Buyer is not binding and the shutdown notice is for planning purposes only and subject to adjustment by Buyer if it gives sixty (60) days’ notice prior to the firm shutdown start date declaring the final shutdown period.  Unless otherwise agreed between the Parties, any subsequent quantities not delivered in association with the shutdown shall be deducted from the annual minimum quantity. In the event Seller and Buyer mutually agree to recover any lost volume, the Parties will develop a mutually acceptable schedule.
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	13.
	Permanent Shutdowns

		13.1.
	Seller Permanent Shutdowns

In the event that Seller decides to permanently shut down or close, sell or liquidate Seller’s Olefins and/or Aromatics Production Facility, Seller reserves the option to unilaterally and permanently cancel supply under this Contract or terminate this Contract with no penalty upon six (6) months advance written notice. 
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		13.2.
	Buyer Permanent Shutdowns

In the event that the Buyer Consuming Plant is permanently shut down or closed, Buyer may cancel supply under this Contract or terminate this Contract with no penalty upon nine (9) months prior written notice.
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		13.3.
	Sale of Olefins and/or Aromatics Production Facility

In the event Seller sells the Olefins and/or Aromatics Production Facility to a third party, that, for the purpose of applicable European antitrust laws, shall not be or be deemed a competitor of Buyer relative to the products made by Buyer with the Product (an “Eligible Third Party Purchaser”), Seller will use all commercially reasonable efforts to transfer and assign this Contract to the Eligible Third-Party Purchaser. The Eligible Third-Party Purchaser shall have been screened by Seller on the basis of Seller’s internal control policies, which are in full alignment with Seller’s published Code of Conduct. 
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		13.4.
	Sale of the Buyer Consuming Plant 

In the event Buyer sells the Buyer Consuming Plant to a third party, that, for the purpose of applicable European antitrust laws, shall not be or be deemed a competitor of Seller relative to the production and supply of Product, Buyer will use all commercially reasonable efforts to transfer and assign this Contract to that third party. Said third party purchaser shall have been screened by Buyer on the basis of Buyer’s internal control policies, which are in full alignment with Buyer’s published Code of Conduct. 
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	14.
	Product Analysis

Seller will provide Buyer with the analysis of the measured content of Ethylene on monthly basis
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	15.
	REACH

Seller is aware of the REACH Regulation 1907/2006/EC ("REACH") and shall seek to ensure that the substances contained in the Product comply at all times with the REACH requirements applicable to them, if any. To the extent required under REACH, the substances contained in the Product are registered. If Buyer wishes Seller to cover additional use(s) not already covered under the existing registration, Seller in its sole discretion may update the registration, provided that (i) Buyer provides all the information on the use(s) and exposure of the Product needed for Seller to perform a realistic risk assessment of such use(s), (ii) the risk assessment so made demonstrates that the risks of such use(s), if any, can be adequately managed, and (iii) Buyer pays for each use identified for coverage all costs and expenses accrued by Seller in this context. Notwithstanding the above, Seller shall endeavour to notify Buyer if it was decided not to cover use(s) identified by Buyer, as soon as reasonable possible. To the extent the Product or any of the substances contained in the Product, require authorization, Seller shall use its best efforts to ensure that in a timely manner an authorization is obtained and maintained. In this respect, Seller shall keep Buyer informed about the status of the authorization process, including information on the inclusion on the candidate list and Annex XIV and the information as specified in Article 57 of REACH.
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Seller provides Buyer with the most current Safety Data Sheet by sending it electronically to Buyer’s functional mailbox fswssds@trinseo.com and to Buyer’s purchasing contact.
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	16.
	Performance by Affiliates 

At either Party’s option, any Contract obligation may be performed by The Dow Chemical Company or any of its Affiliates in the case of Seller and by Trinseo S.A. or any of its Affiliates in the case of Buyer. Any deliveries made under this condition may be invoiced by such Affiliate and shall constitute performance of this Contract by Seller or Buyer, as the case may be. However, for the avoidance of doubt, any invoice issued, will always only be paid by the respective legal entity that was invoiced.
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	17.
	Anti-Corruption Compliance 

		17.1.
	Definitions

		17.1.1.
	‘Affiliate’ means, in relation to either Party,  any entity that is controlled by, controlling or under common control with the referenced Party whether by ownership of 50% or more of voting securities, by contract or otherwise

		17.1.2.
	‘Anti-Corruption Laws’ mean any applicable foreign or domestic anti-bribery and anti-corruption laws, along with their implementing rules and regulations, as amended from time     

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to time, including, but not limited to, the U.S. Foreign Corrupt Practices Act (FCPA), the UK Bribery Act 2010 (UKBA), and those laws and regulations intended to implement the OECD Convention of Combating Bribery of Foreign Public Officials in International Business Transactions.
		17.1.3.
	‘Personnel’ include the current officers, directors, employees, or any other individual or entity currently acting for or on behalf of the relevant Party to the Contract

		17.2.
	Compliance

		17.2.1.
	Each Party represents and warrants that it has knowledge of the Anti-Corruption Laws and that neither party will take, directly or indirectly, in connection with this Contract, any action that violates the Anti-Corruption Laws, or otherwise cause the other Party or its officer, directors, employees and/or Affiliates to be in violation of the Anti-Corruption Laws.

		17.2.2.
	Each Party represents and warrants that, except as otherwise disclosed to the other Party, neither it, nor any of its Personnel have been convicted of or pleaded guilty to an offense involving fraud or corruption, nor to its knowledge has any such person been included in any list maintained by the U.S. government, the government of Brazil, the European Union, or any other applicable jurisdiction as debarred, suspended, proposed for suspension or debarment, or otherwise ineligible for government procurement programs.

		17.2.3.
	Upon showing reasonable grounds and submitting a written notice, any Party shall provide the other with payment accounting records, agreements and supporting documentation regarding compliance with legal and contractual obligations relating to this Contract and deemed reasonably necessary for assessing compliance with Anti-Corruption Laws applicable to this Contract

		17.2.4.
	Any failure to comply with the [Compliance] provisions of this Contract or any violation of the Anti-Corruption Laws by either Party or their Personnel will be considered a breach of this Contract.  Upon written notice to the other of such breach, the non-breaching Party may terminate this Contract, effective immediately.  Alternatively, the non-breaching Party may elect to notify the breaching Party of its desire to have the breach remediated within a reasonable time (not to exceed 60 days) by giving details of the breach and the time for remediation in the accompanying notice.  Should the breaching Party not remediate the breach as requested within the timeframe given in the notice, then the non-breaching Party shall regain its right to terminate the Contract immediately, and without further notice.

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	18.
	Assignment of Contract and/or Claims

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This Contract may not be assigned by Buyer by operation of law or otherwise without the express written consent of Seller, which consent may only be withheld if assignee is determined by Seller to be a competitor of Seller or any of Seller Affiliates’ businesses that are located at the site subject to this Contract, or if Seller deems, in its reasonable discretion which shall be based on reasonably comprehensible and transparent considerations, that the assignee’s financial responsibility is unsatisfactory. Any assignment by Buyer must include a prohibition on its assignee restricting any further assignment of this Contract without the consent of Seller. Any attempted assignment without such consent from Seller shall be null and void; provided, however, that either Party hereto shall be permitted to assign this Contract, in full or in part to any wholly-owned or nearly wholly-owned (not less than eighty-five point one percent (85.1%) ownership) Affiliate (including assigning some or all of Seller’s obligations hereunder, in which case such Affiliate may effect delivery of the Product and invoice Buyer directly.) “Affiliate” has the meaning given in Section 17.1.1 above. This Contract may not be otherwise assigned by Seller to any third party without the consent of Buyer, except any assignment or partial assignment of this Contract does not require consent of Buyer when such assignment is in connection with a sale, conveyance, disposition, divesture, contribution to a joint venture by Seller of, or a similar transaction, including a merger, consolidation, reorganization or other business combination involving Seller and 

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relating to, all or substantially all of the assets or properties of Seller to which the subject matter of this Contract relates. Upon the assignment of this Contract and the express assumption by the assignee of the assigned obligations of Seller under this Contract through the execution of an assignment and assumption agreement, Seller shall be released from all obligations and liabilities under this Contract vis-à-vis Buyer. In addition, both Seller and Buyer may assign their respective claims under this Contract to third parties. Agreed quantities and other terms shall not be affected by an assignment. 
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In the event Dow Europe GmbH, or its Affiliates, sell, convey, divest, or contribute to a joint venture (which, for the sake of applicable antitrust laws, fulfils the same criteria as an Eligible Third-Party Purchaser, as defined in Section 13.3 above, (the “Eligible JV”))the Olefins Production Facility, then Dow Europe GmbH is obligated to assign this Contract to the Eligible Third-Party Purchaser or the Eligible JV, as the case may be, to which the assets were contributed, except that only Dow Europe GmbH is subject to this assignment obligation and such obligation does not transfer to any subsequent assignee who is the Eligible Third-Party Purchaser or the Eligible JV, as the case may be, for which the assets were contributed. 
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	19.
	Controlling Terms & Amendments

By ordering any of the Products detailed in this contract, Buyer agrees to all the terms and conditions contained in this document and to DOW OLEFINS & AROMATICS GENERAL TERMS AND CONDITIONS as attached hereto, which override any additional or different terms or conditions included in Buyer’s purchase order or other documents or referred to by Buyer or Seller’s order confirmations. In case of conflicting language between this Contract and the DOW OLEFINS & AROMATICS GENERAL TERMS AND CONDITIONS, the terms and conditions of the Contract shall prevail. Any amendments or additions to this Contract shall be valid only if in writing and agreed by both parties.
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Notwithstanding the foregoing, and for the avoidance of doubt, it is agreed that the quantity of Product to be invoiced under Condition 3 of the DOW OLEFINS & AROMATICS GENERAL TERMS AND CONDITIONS (Determination of Invoice Quantity of Product) shall always be determined at load point using Seller’s measuring equipment.
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	20.
	Trade Controls

		20.1.
	Each party to this Contract understands and agrees that it is entering into this Contract in reliance on the laws, statutes, rules, regulations, directives, decrees, decisions and resolutions regarding financial and/or other legal sanctions or embargoes, whether national or international, in force on the date of this Contract, including, without limitation, all export control laws and regulations in force in the European Union, the United States of America, or otherwise applicable to the products or transactions contemplated hereunder (the “Sanctions Laws”). Each party warrants and undertakes that it will at all times comply with all Sanctions Laws applicable to it and/or to the products or transactions contemplated hereunder. Without limiting the generality of the foregoing, each party shall not (a) directly or indirectly sell, export, re-export, import, acquire, transship or otherwise dispose of any of the products sold under this Contract to or from an embargoed target or for any use or in any manner prohibited under the Sanctions Laws, or (b) broker, finance or otherwise facilitate any transaction in violation of any of the Sanctions Laws.

		20.2.
	Seller represents and warrants on the date hereof and on each date where a shipment is to be made to Buyer hereunder, that it is not, and none of its suppliers and subsidiaries, nor, to its knowledge, any of their respective directors, officers or employees nor, to its knowledge, any person acting on its or any of their behalf, (a) the target of any of the Sanctions Laws, or (b) located, organized or resident in a country or territory that is, or whose government is, the target of the Sanctions Laws. Seller further represents and warrants that all products sold to Buyer hereunder will comply with the Sanctions Laws.

		20.3.
	Any breach of the foregoing obligations shall constitute cause for immediate termination of this Contract and the breaching party shall indemnify, defend and hold harmless the other party for and against any resulting losses, damages, penalties, liabilities, costs and expenses. This provision shall survive termination of this Contract.

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	21.
	Confidentiality

This Contract, along with all its terms and conditions and communications made hereunder, shall be kept private and held strictly confidential by the Parties, and details of this Contract shall not be disclosed by either Party to any third party without the previous consent, in writing, of the other Party. 
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Notwithstanding the provisions above, a Party (the “Disclosing Party”) may disclose details of this Contract without the other Party’s prior written consent if:
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(i) such disclosure is required by law or by any securities exchange or regulatory or governmental body or fiscal authority having jurisdiction over it, wherever situated, and whether or not the requirement has the force of law; or
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(ii) the confidential information is or was already in the public domain other than through the (wilful or negligent) fault or action of the Disclosing Party; or
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(iii) such disclosure is to an affiliate or in connection with any dispute, legal or arbitration proceedings or pursuant to Section 12 of DOW OLEFINS & AROMATICS GENERAL TERMS AND CONDITIONS, and the Disclosing Party shall cause all Parties in receipt of such information to be bound by the same obligations of confidentiality as contained in this Contract.
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The confidentiality provisions herein shall survive the termination of this Contract.
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	22.
	Further Assurances

Upon a Party's reasonable request, the other Party shall, at the requesting Party’s sole cost and expense, execute and deliver all such further documents and instruments, and take all such further acts, necessary to give full effect to this Contract.
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	23.
	Relationship of the Parties

The relationship between Seller and Buyer is solely that of vendor and vendee, and they are independent contracting parties. Nothing in this Contract creates any agency, joint venture, partnership or other form of joint enterprise, employment or fiduciary relationship between the Parties. Neither Party has any express or implied right or authority to assume or create any obligations on behalf of or in the name of the other Party or to bind the other Party to any contract, agreement or undertaking with any third party.
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	24.
	Entire Contract

This Contract constitutes the sole and entire agreement of the Parties with respect to the subject matter contained herein and therein, and supersedes all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral, with respect to such subject matter.
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	25.
	Counterparts

This Contract may be executed in counterparts, each of which is deemed an original, but all of which together are deemed to be one and the same agreement. This Contract contains the entire agreement reached between the Parties on the subject of this Contract. There are no side agreements.
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	26.
	Contact Persons 

		26.1.
	Seller

	

	

	

	Planning/Logistic Coordinator
	Commercial Coordinator
	Commercial Manager

	J.HOOGERWERF/P. BASTIAANSE
TERNEUZEN 
[*****]
	P. WEILBAECHER
HORGEN
[*****]
	T. GALLAGHER
HORGEN
[*****]

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	Credit Manager
	Accounts ReceivableDemurrage Coordinator Vessel

	P. VERHULST
[*****] 
	M. BOS[*****] 
[*****]

  Accounts Payable
  EMAIL: [*****] for Original PDF
  Invoice Distribution
  For Invoice Status update and Payment Inquiries
  visit https://corporate.dow.com/en-us/about/suppliers/invoice-status 
  or Email [*****]  
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		26.2.
	Buyer

	Planning/Logistic Coordinator
	Commercial Coordinator
	Commercial Manager

	B. FRASER
HORGEN
[*****] 
	P. CALLER
HORGEN
[*****] 
	N. KARABASH
HORGEN
[*****] 

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Page 10 of 18

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IN WITNESS WHEREOF, the Parties hereto have executed this Contract as of the date first set forth above.
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	​
​
​
​

	​
​
​
​

	​
Horgen, dated 30th October 2020
​
Dow Europe GmbH
	​
Horgen, dated 30.10.2020
​
Trinseo Europe GmbH

	Thomas Gallagher
Commercial Director
​
​
/s/ Thomas Gallagher
​
	Christian Page
Director
​
​
/s/ Christian Page

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​

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Page 11 of 18

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Appendix A
DOW OLEFINS & AROMATICS GENERAL TERMS AND CONDITIONS
​
	1.
	Interpretation of Trade Terms

Trade terms shall be interpreted in accordance with INCOTERMS 2020. Title shall pass to Buyer at the same time as the risks of loss or damage under INCOTERMS 2020. If this Contract does not specify trade terms as defined in INCOTERMS 2020, title and risk of loss shall pass to Buyer upon delivery into the custody of the carrier. 
​
	2.
	Payment and Payment Value Date

(I)Payment in the currency agreed hereunder is essential (in specie). Payment is valid only if made in such currency and in accordance with Seller’s payment instructions. (II) If payment due date falls on a Saturday or on a holiday other than a Monday, payment shall be made on the last preceding banking day. If payment due date falls on a Sunday or a holiday on a Monday, payment shall be made on the next banking day. (III) Buyer agrees with Seller’s right to set off any amounts owed by Seller or its affiliates to Buyer with any amounts owed by Buyer hereunder.
​
	3.
	Determination of Invoice Quantity of Product 

The quantity of the Product to be invoiced shall be determined at load point in accordance with the methods and procedures applicable to deliveries of the Product and the Shipment Method defined in this Contract or in accordance to the results of an independent surveyor acceptable to both Parties. An independent surveyor acting on behalf of Buyer, at Buyer’s expense, shall have the right to verify, under an appropriate secrecy agreement, Seller’s calibration procedures and measurement records of Seller’s meters. In case of dispute, the results of an independent surveyor shall be final and binding to both Parties. 
​
	4.
	Seller’s Commitments - 

		4.1
	Seller undertakes that the Product at the time of delivery meet the agreed Specifications. All descriptions, illustrations, performance and technical data, weights and the like, contained in any promotional or technical literature issued by Seller are subject to variation without notice and are not designed to constitute Specifications.

		4.2
	Seller will supply Buyer with the current Material Safety Data Sheets (MSDS) regarding the Product.

		4.3
	Seller will convey the Product with good title, free from any lawful lien or encumbrance.

​
	5.
	Responsible Practices

		5.1.
	Buyer will (I) familiarize itself with any product literature or information Seller provides under Seller’s product stewardship program, including MSDS, (II) follow safe handling, use, selling, storage, transportation and disposal practices, including special practices as Buyer’s use of the Product requires and instruct its employees, contractors, agents and customers in these practices and (III) take appropriate action to avoid spills or other dangers to persons, property or the environment. Seller may cancel this Contract on 15 days’ notice if Buyer fails to comply with any of its commitments under this section.

		5.2.
	Notwithstanding the provisions of Section 6 hereof, Buyer will indemnify Seller for all claims, damages and related costs, including reasonable attorney fees, arising out of Buyer’s sole non-compliance with any of its commitments under Section 5.1 above.

​
	6.
	Warranty/Liability

		6.1
	The commitments set out in Section 4 above are Seller’s sole warranties in respect of the Product. Any other condition or warranty as to the quality of the Product supplied under this Contract or fitness for any particular purpose whether arising under statute or otherwise, is excluded.

		6.2
	In the event of any liability by either party whether arising from breach of Contract or from statutes it is agreed that, to the extent permitted by applicable law, the maximum amount of damages recoverable shall be limited to the Contract price for the Product with respect to which damages are claimed. In no event shall either Seller or Buyer be liable for indirect, consequential, special, punitive or exemplary damages in connection with or arising out of this Contract. The limitation of liability shall not apply in case of wilful misconduct or gross negligence or any other case of mandatory liability under Swiss law.

​
	7.
	Force Majeure 

In the event of accident, pandemic and epidemic, mechanical breakdown of facilities, fire, flood, strike, labour trouble, riot, revolt, war, cyber attacks, acts of governmental authority, acts of God, or contingencies beyond the reasonable control of the party affected, interfering with the performance of this Contract, the quantity of Product provided for in this Contract shall be reduced by the amount so affected without liability, but the Contract shall otherwise remain unchanged. The decision of the party affected as to the quantities of Product affected shall be final and binding.
​
	8.
	Governmental Control/Currency

In the event of a redenomination of the agreed contract currency claimed or imposed under any applicable laws or by any competent authorities, Seller shall be entitled to terminate this Contract in writing without prior notice and with immediate effect unless Seller deems to have received adequate assurance that the redenomination will not affect full compliance with all the terms as agreed hereunder.
​
	9.
	Non-performance

		9.1
	If Buyer fails to perform any of the terms of this Contract when due, Seller may, at its option, decline to make further deliveries against this Contract, except for cash, or may recall or defer shipments until such default is made good, or may treat such default as final refusal to accept further shipments and cancel this Contract. 

		9.2
	Seller shall be entitled, without prejudice to Buyer’s liability to pay on the due date, to charge interest on any overdue balance of a rate equal to the one month EURIBOR (Euro Interbank Offered Rate) as administered by the European Money Markets Institute, on the last TARGET (Trans-European Automated Real-Time Gross-Settlement Express Transfer) day of the month preceding 

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Page 12 of 18

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the respective interest period, [*****].  If the published one month EURIBOR interest rate is negative, Seller may charge interest of [*****] for the respective interest period. Such right is in addition and without prejudice to any other rights Seller may have under this Contract
​
	10.
	Severability of Provisions

Should any provision of this Contract be held invalid or unenforceable, the validity and enforceability of the remaining provisions shall not be affected. Any invalid or unenforceable provision shall be replaced with a new provision which will allow the parties to this Contract to achieve the intended economic result in a legally valid and effective manner.
​
	11.
	Non-Waiver

Failure to exercise any rights under this Contract upon any occasion shall not waive the right to exercise the same on another occasion.
​
	12.
	Applicable Law & Jurisdiction

		12.1
	This Contract shall be governed by and construed in accordance with the laws of Switzerland, with the exclusion of the Conflict of Law Principles. The United Nations Convention on Contracts for the International Sale of Goods (1980) shall not apply to this Contract. 

		12.2
	The exclusive venue of any kind of legal proceedings regarding disputes among the parties which cannot be settled amicably is Zurich Switzerland. However, disputes regarding price payments may also be brought by Seller before any competent court at Buyer’s place of incorporation or main office.

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Page 13 of 18

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Appendix B
​

PAGE     1 
THE DOW CHEMICAL COMPANY
CUSTOMER SPECIFICATION
 ​
 ​
 ​
Date Printed:2020-10-21
​
Effective Date:2012-03-12
Supersedes Date:2009-12-10
​
Name: Ethylene-E Chemical Grade 
 ​
Specification Number: 000000322902 C001 
Previous Specified Material: 00031681 C001 
 ​
Customer Name & Address 

Trinseo Europe GmbH
Zugerstrasse 231
8810 Horgen - Switzerland
​
Final Testing Requirements
	

	

	

	

	Test and Test Condition 
	Limit 
	Unit 
	Method 

	Ethylene 
	[*****]
	% vol 
	ASTM D2505  

	Methane + Ethane 
	[*****]
	% vol 
	ASTM D2505  

	Acetylene 
	[*****]
	ppm(V) 
	ASTM D2505  

	Propylene 
	[*****]
	ppm(V) 
	ASTM D2505  

	C3 & Heavier HC 
	[*****]
	ppm(V) 
	ASTM D2505  

	Diolefins 
	[*****]
	ppm(V) 
	ASTM D2505  

	Carbon Monoxide 
	[*****]
	ppm(V) 
	ASTM D2504  

	Carbon Dioxide 
	[*****]
	ppm(V) 
	ASTM D2505  

	Hydrogen 
	[*****]
	ppm(V) 
	ASTM D2504  

	Sulfur, Total 
	[*****]
	ppm wt 
	ASTM D3246  

	Oxygenated Solvents 
	[*****]
	ppm 
	UOP 569  

​
Test Frequency: optional test 
 ​
 ​
® TM Trademark of The Dow Chemical Company ("Dow") or an affiliated company of Dow 
​
READ PRECAUTIONARY INFORMATION AND MATERIAL SAFETY SHEETS. THIS PRODUCT IS SHIPPED IN COMPLIANCE WITH APPLICABLE LAWS AND REGULATIONS REGARDING CLASSIFICATION, PACKAGING, SHIPPING AND LABELING. 

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Page 14 of 18

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Appendix C
​

PAGE     1 
THE DOW CHEMICAL COMPANY
RAW MATERIAL SPECIFICATION
SUPPLIER'S COPY
​
 ​
	​
	​

	Date Printed: 
 ​
	2020-10-21 

	Effective Date: 
Supersedes Date: 
	2019-09-11  
2018-06-27  

 ​
Name: Ethylene E 
						​

	​
Specification Number: 
Previous Specified Material: 
 ​
 ​
	000000348209 R005 
00030051 R005 
Final Testing Requirements 
	​
	​
	​

	Test and Test Condition 
	Limit 
	Unit 
	Method 
	Note 

	​
	​
	​
	​
	​
	​

	Ethylene 
	[*****]
	% vol 
	ASTM D2505 
	​
	​

	Methane + Ethane 
	[*****]
	ppm(V) 
	ASTM D2505 
	​
	​

	Ethane 
	[*****]
	ppm(V) 
	ASTM D2505 
	​
	​

	Acetylene 
	[*****]
	ppm(V) 
	ASTM D2505 
	​
	​

	C3 & Heavier HC 
	[*****]
	ppm(V) 
	ASTM D2505 
	​
	1 

	Hydrogen 
	[*****]
	ppm(V) 
	ASTM D2504 
	​
	​

	Oxygen 
	[*****]
	ppm(V) 
	ASTM D2504 
	​
	​

	Nitrogen 
	[*****]
	ppm(V) 
	ASTM D2504 
	​
	​

	Carbon Monoxide 
	[*****]
	ppm(V) 
	ASTM D2504 
	​
	​

	Carbon Dioxide 
	[*****]
	ppm(V) 
	ASTM D2505 
	​
	​

	​
	​
	​
	​
	​
	​

​
® TM Trademark of The Dow Chemical Company ("Dow") or an affiliated company of Dow 
​
​
​

​
Page 15 of 18

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PAGE     2 
THE DOW CHEMICAL COMPANY 
RAW MATERIAL SPECIFICATION 
SUPPLIER'S COPY 
 ​
Name: Ethylene E 
Specification Number: 000000348209 R005 Effective Date: 2019-09-11   
 ​
	

	

	

	

	

	

		Final Testing Requirements 
	​
	​
	​

	Test and Test Condition 
	Limit 
	Unit 
	Method 
	Note 

	Sulfur, Total
D6667 
	[*****]
	ppm wt
	 ASTM
	​
	2

	Oxygenates
D7423
	[*****]
	ppm wt
	ASTM
	​
	3

	Ammonia
	[*****]
	ppm(V)
	DIN 51854
	​
	​

	Oil
	[*****]
	ppm wt
	Supplier
	​
	4

	Water
D5454 
	[*****]
	ppm(V)
	ASTM
	​
	5

​
Final Testing Requirements Notes:  
		1
	C3 & Heavier HC 

HC = Hydrocarbons 
		2
	Sulfur, Total 

ASTM D5504 is an acceptable alternative test method. 
		3
	Oxygenates 

Includes Methanol, Isopropanol, Acetone. 
ASTM D7423 is an acceptable alternative test method to UOP 569, which has been withdrawn. 
		4
	Oil 

Not tested on a routine basis, nor expected to be present.  No standard test method is available.  Technical measures must ensure there is no possibility of oil contamination. 
		5
	Water 

ASTM D5454 is an acceptable alternative test method to UOP 344, which has been withdrawn. 
 ​
 External Notes 

​
1 A Certificate of Analysis for each shipment is to be sent to receiving location and laboratory prior on arrival of material. This specification is equal to the ARG-pipeline import specification dated December 2017. 
​
INFORMATION OR DISTRIBUTION RESTRICTED TO THIS SUPPLIER AND THE DOW CHEMICAL COMPANY
                                                          ​
LAST PAGE 
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Page 16 of 18

​

Appendix D
MARITIME TERMS AND CONDITIONS
​
	1.
	Vessel Requirements

The vessel shall meet all relevant legislation and all load and discharge port regulations and safety standards, and shall comply with the requirements of the International Code for the Security of Ships and of Port Facilities (ISPS Code). If the vessel does not meet all such requirements, or is deemed unsafe, then the vessel may be refused. The Party nominating the vessel shall be liable for all damages (consequential damage is excluded) and costs resulting from the non-compliance with this article.  A vessel may not be substituted without written consent of the other Party.
​
	2.
	Vessel Nomination

The vessel shall be formally nominated to the Logistics Department of Dow within minimum five (5) working days prior to the commencement of the laycan at load port stating the following minimum details: 
​
- Product and Quantity
- Ship Name / Registration Number of Ship
- Owner / Operator
- Laycan
- Lay time
- Demurrage rate
- Previous Cargoes
- Estimated time of arrival (ETA) at discharge port
- Country of loading & load port/terminal
- Country of origin of Product
- Charter Party
- Agent at discharge port/terminal
​
The nomination shall be accepted by Dow within 48 hours from the day of nomination or by 17:00 hours CET on a Dutch working day prior to the commencement of the laycan, whichever occurs first. For the sake of clarity, “working day” means, between 09:00 hours and 17.00 hours CET, on a day other than a Saturday, Sunday or Bank holiday.
​
	3.
	Laytime and Demurrage

		3.1.
	Laytime and demurrage is calculated at the rate confirmed in the accepted vessel nomination.

		3.2.
	Any claim with supporting documentation shall be submitted within 90 days of the date of completion of discharge from the seagoing vessel (completion of discharge date = day 1). 

		3.3.
	Claims delivered after the number of days set forth in this paragraph shall be deemed to be waived and no claim may be brought in respect of them. Demurrage shall only be payable if actually claimed and invoiced by the vessel owner and in no event shall demurrage be payable exceeding the amount actually incurred and invoiced by the Third Party vendor to Trinseo or by the vessel owner to Trinseo. If a copy of owner’s invoice is not available for the claim handling, Dow has the right to request from Trinseo and Trinseo shall provide Dow without undue delay with a copy of the Third Party vendor invoice for verification only; it shall not serve as a supporting documentation for the claim handling according to section 3.5.

		3.4.
	The invoice for the claim is issued upon acceptance. Demurrage is payable 30 days after date of invoice.

		3.5.
	Demurrage claim supporting documents for any claim shall include, but not limited to, time sheets from load and discharge installation, any letter of protest, Owner’s demurrage calculation and invoice, the copy of the vessel nomination (including the confirmation email). In the event of a time charter party provide time charter declaration, time sheets from load and discharge installation, any letter of protest, the demurrage calculation and the copy of vessel nomination (including the 

​
Page 17 of 18

​

confirmation email). In case of any non-compliance with this provision the claim shall be rejected in full.
		3.6.
	Loading prior laycan: All time used for loading prior to laycan shall be deducted from the claim to Dow.

		3.7.
	Late arrival: In case a valid NOR is tendered outside the agreed laycan and no laycan extension was granted by Dow, then Dow shall not be liable for any demurrage or damages whatsoever.

		3.8.
	All relevant shipping documents including but not limited to quality report and any customs documents (according to Dow’s documentary instructions) shall be available prior to arrival of the vessel at the port of discharge. In case of any non-compliance with this provision, laytime shall start from the moment the documents are available at the port of discharge or from start discharging, whichever occurs first.

​
	4.
	Quantity and Quality Inspection

		4.1.
	Quantity & Quality Inspection at load port

An independent surveyor acceptable to both Parties shall be appointed by Trinseo at load port. The independent surveyor shall be instructed to make the full quantity inspection report including load readiness and sampling available to both Trinseo and Dow. The cost shall be for the account of Trinseo.
​
Trinseo shall appoint an independent surveyor at load port acceptable to both Parties to determine the quality of the Product. A quality report on composite of ship’s tank after loading shall be made available to Dow prior to arrival of the vessel at the named place of destination. Any costs resulting from this non-compliance shall not be for the account of Trinseo. The cost for the inspection shall be for the account of Trinseo. 
​
		4.2.
	Quantity & Quality Inspection at discharge port

An independent surveyor acceptable to both Parties shall be appointed by Dow at discharge port to determine the quantity of the Product on basis VAC discharged into Dow’s system in Terneuzen, Stade or Tarragona (in Dow’s option). This measurement at the discharge port shall determine the invoice quantity. Such determinations will be set forth in written certificates of inspection. The full certificate of quantity will be made available to Dow and Trinseo and which shall be accepted by the Parties as conclusive and binding on both parties for invoicing purposes but without prejudice to the rights of either Party to file a claim for quantity. The costs shall be for the account of Dow.
​
Dow shall appoint an independent surveyor at discharge port acceptable to both Parties to determine the actual percentage of Ethylene contained in the product which shall serve for the calculation of the price according to section 4 of the Contract. The cost for the inspection shall be for the account of Dow.

​
Page 18 of 18Document

CERTAIN CONFIDENTIAL INFORMATION HAS BEEN OMITTED

Sixth Amendment to Pooled Patents Agreement

This Sixth Amendment to the Pooled Patents Agreement (the “Sixth Amendment”), effective as of the date of execution by both parties (the “Sixth Amendment Effective Date”), is made by and between Illumina, Inc., a Delaware corporation having a place of business at 5200 Illumina Way, San Diego, CA  92122 (“Illumina”) and Sequenom, Inc., a Delaware corporation, having a place of business at 3595 John Hopkins Court, San Diego CA 92121 (“Sequenom”).  Sequenom and Illumina may be referred to herein as “Party” or “Parties.”

WHEREAS, the Parties entered into the Pooled Patents Agreement, dated December 2, 2014, as amended via the First Amendment dated April 21, 2016, Second Amendment dated April 17, 2017, Third Amendment dated August 28, 2017, Fourth Amendment dated March 15, 2018, and Fifth Amendment dated April 12, 2019 (“Agreement”); 

WHEREAS, the Parties also desire to amend the Agreement to modify the Test Fees effective as of the Sixth Amendment Effective Date; and

WHEREAS, for good and valuable consideration, the Parties agree to amend the Agreement as follows:

1.Section 3.2(c)(i) is deleted in its entirety and replaced with:

Except as expressly stated otherwise in this Agreement (including in Section 3.2(c)(ii) (Exceptions to Amount of Test Fee), Section 2.8(e) (Third Parties in Litigation with Illumina), Section 2.8(f) (Non-Illumina Platforms) and Section 2.9(c) (Settlement with Existing Sequenom Litigants)), each Illumina Party or Sequenom Party shall enter into written agreements with Persons it grants rights, licenses, or authorizations as an Authorized Labs such that the Authorized Lab is obligated to pay Test Fees on a quarterly basis, and Sequenom Parties and Illumina Parties shall be obligated to pay Test Fees on a quarterly basis.  On a semiannual basis, the amount of Test Fee payable by each Authorized Lab for Licensed NIPT Tests shall be established to be no lower than the Test Fee amount on Schedule 1 corresponding to the annualized volume of Licensed NIPT LDT Tests that Authorized Lab performed (a) in the first two quarters of a calendar year to determine the amount of Test Fees that shall be payable by an Authorized Lab for Licensed NIPT LDT Tests performed in the remainder of the calendar year, and (b) in the second two quarters of a calendar year to determine the amount of Test Fees that shall be payable by an Authorized Lab for Licensed NIPT LDT Tests performed in the first two quarters of  the following calendar year.  Any new Authorized Lab receiving the right to perform Licensed NIPT LDT Tests shall pay Test Fees for Licensed NIPT LDT Tests that are no lower than the amount of Test Fee on Schedule 1 that corresponds to the good faith estimate of the volume that Authorized Lab will achieve at the end of the first complete half-year period (either the first two quarters or second two quarters of a calendar year, as the case may be) until after the end of such first complete half-year period, at which point the Authorized Lab will begin paying Test Fees based on the actual volume reported during the first full half-year period (and each 

CERTAIN CONFIDENTIAL INFORMATION HAS BEEN OMITTED

preceding half-year period thereafter).  For the avoidance of doubt, notwithstanding the minimum amounts payable in accordance with the first sentence of this Section 3.2(c), the full amount of all Test Fees collected by Illumina and Sequenom from Authorized Labs shall be shared between the Parties as set forth in Section 3.2(d) (Sharing of Test Fee Amounts.)

Notwithstanding the foregoing schedule, the Parties acknowledge that Illumina has entered into agreements with Authorized Labs reflecting the annual Test Fee calculations pursuant to the terms of the Agreement prior to the Fifth Amendment.  Illumina will not be required to amend those existing agreements or alter its obligations with respect to those Authorized Labs under those existing agreements, but Illumina will in good faith attempt to amend those agreements to match the updated Test Fee calculation schedule set forth above on a going-forward basis when Illumina otherwise amends or renews such agreements.

2.Section 3.4(a) is deleted in its entirety and replaced with:

Not later than forty five (45) calendar days after the last day of each calendar quarter, Sequenom and Illumina each shall provide the other with a written Test Fee and Royalty Report (each a “Test Fee and Royalty Report”), detailing separately for Japan and the rest of the world other than Japan (i) the names of all Third Party Authorized Labs for which that Party is obligated to collect Test Fees, (ii) the degree of compliance by each such Third Party Authorized Lab with its payment obligations under the applicable agreement  therewith, (iii) the aggregate number of Licensed NIPT LDT Tests performed by all such Authorized Labs, including by Sequenom Parties and Illumina Parties, during that period, (iv) the aggregate amount of Test Fees collected by such Party during that period, including for its own Licensed NIPT LDT Test and those of its applicable Affiliates, (v) the amount of the Test Fees collected by the reporting Party that is owed to the other Party during that period based on the sharing obligations set forth in Section 3.2(d) (Sharing of Test Fees), (vi) in the case of Illumina, the aggregate Net IVD Sales and the Royalties owed to Sequenom based on the Net IVD Sales, and the corresponding net sales and Royalties owed to Sequenom based on sales of NIPT Components as provided for in Section 3.3(g)(iii)(B) above, (vii) all other consideration received by such Party during that period that is subject to sharing hereunder and the amount thereof owing to the other Party hereunder, (viii) in the case of Illumina, all amounts paid by Illumina to CUHK during such period pursuant to the CUHK Licenses (including all amounts paid or payable to CUHK after termination of such CUHK Licenses, pursuant to the terms of any such CUHK License), including as set forth in this Agreement in Section 3.2(d)(ii) and 3.3(e), (ix) a reasonably detailed report on any anomalous activity during the period, such as a Third Party’s licensee’s refusal to pay an owed amount or any other material exception to the expected performance by such Authorized Lab in relation to this Agreement, (x) the Patent Cost incurred by that Party, (xi) in the case of Illumina, all amounts creditable in accordance with Section 3.1, and (xii) based on the foregoing (i) through (xi), the net amount owed to the other Party for that period before taking into consideration the other Party’s 

CERTAIN CONFIDENTIAL INFORMATION HAS BEEN OMITTED

Test Fee and Royalty Report for the same period.  Each Party shall provide its quarterly Test Fee and Royalty Report in a Microsoft excel-compatible spreadsheet (electronic and hard copy), or in another mutually acceptable spreadsheet format.  In the event that a University Licensor of Illumina under any Pooled Patent requires in its University License additional reporting relating to sales of NIPT LDT Tests, which reporting is not set forth in this Agreement, upon Illumina’s request therefor, Sequenom shall include in its Test Fee and Royalty Report such additional reporting.

3.Schedule 1 is deleted in its entirety and replaced with the attached new Schedule 1.  For clarity, Schedule 1A and 1B remain unchanged.  

Except as expressly modified herein, the Agreement shall remain in full force and effect in accordance with its terms.  All capitalized terms not defined in this Sixth Amendment shall have the meaning ascribed to them in the Agreement.

IN WITNESS WHEREOF, the Parties have signed this Sixth Amendment as of the dates indicated below.

															
	ILLUMINA	SEQUENOM

	By:	/s/ John Leite		By:	/s/ Michael F. Minahan
	Name:	John Leite		Name:	Michael F. Minahan
	Title:	VP, Business Development		Title:	SVP & General Manager
	Date:	5/7/2020		Date:	5/8/2020

CERTAIN CONFIDENTIAL INFORMATION HAS BEEN OMITTED

Schedule 1

[***]

*** Indicates confidential information omitted from the exhibit

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