Document:

THIRD AMENDMENT TO RAW MATERIAL SUPPLY CONTRACT

 

Exhibit 10.27

	 	 	 
	 

	 	THIRD AMENDMENT TO THE AGREEMENT RS-486/82

FOR THE SALE AND PURCHASE OF ETHENE AND/OR

PROPENE BY AND BETWEEN COPESUL — COMPANHIA

PETROQUÍMICA DO SUL AND POLIOLEFINAS S/A

COPESUL — COMPANHIA PETROQUÍMICA DO SUL, a joint stock company headquartered at
BR-386 Rodovia Tabaí/Canoas Km. 419 Pólo Petroquímico Lote 23 Triunfo/RS,
enrolled in the Ministry of Finance National Roll of Corporate Taxpayers under
# 88.948.492/0001-92, herein represented by its President Director Adolpho
Shuler Netto and Superintendent Director Ruy Lerner, hereinafter referred to as
COPESUL; and

POLIOLEFINAS S/A, headquartered in the City of São Paulo, State of São Paulo,
enrolled in the Ministry of Finance National Roll of Corporate Taxpayers under
# 62.336.946/0001-80, herein represented by its President Director José Adolpho
Lisboa de Souza and Director Teuracy José Leitão Bastos, hereinafter referred
to as BUYER,

DO HEREBY decide to execute this Amendment to the Agreement for the Sale and
Purchase of Ethene and/or Propene dated December 8th, 1982, aiming at amending
Clause Seven — Form of Payment.

CLAUSE ONE — PURPOSE

	1.1	 	- This Amendment aims at amending Clause Seven — Form of Payment,
regarding the Agreement RS-486/82.

CLAUSE TWO — FORM OF PAYMENT

	2.1	 	- The invoices for the supplied ethene and propene to BUYER shall be
effected every month up to the eighth (8th) day of the calendar month next
succeeding the month in which the supply shall take place.

	 	2.1.1	 	- In case the deadline set forth under clause 2.1 hereof is
not complied with, the maturity date will automatically be the
seventh (7th) day following the date the relevant invoice is duly
submitted by COPESUL.

	2.2	 	- BUYER shall pay such bills as corresponding to the aforementioned
invoices at the address to be determined by COPESUL up to the fifteenth
(15th) day of the calendar month next succeeding the month in which the
supply shall take place, provided the deadline set forth under clause 2.1
hereof is complied with. Any payment after such deadline will cause BUYER
to incur into liabilities with market interests accrued on the outstanding
invoice. Every month COPESUL shall inform the amount of such liabilities
by means of its Financial Department.

	 	2.2.1	 	- Before the maturity date and at its own discretion,
COPESUL may opt for the banking discount of those bills
corresponding to the invoices of ethene and propene supplied to
BUYER and the maturity dates for the relevant invoices shall be
automatically postponed, with no burdens to

 

 

	 	 	 	BUYER, for thirty (30) days as of the date of said banking
discount, BUYER being notified in writing about such transaction.
	 
	 	2.2.2	 	- If COPESUL opts for the banking discount of unsettled
bills on a date after the relevant maturity date, any liabilities
arising from such discount operation shall be debited to BUYER and
BUYER shall pay such liabilities directly to COPESUL, the maturity
date of which shall match the new maturity date of the discounted
bill. Such incidence of liabilities as referred to under clause 2.2
hereof shall cease on the discount date.

	2.3	 	- The failure to pay bills corresponding to the invoices of two
consecutive months or to those liabilities referred to under clause 2.2.2
hereof by the BUYER will entitle COPESUL to discontinue the supply of
ethene and propene, upon one-day previous notice to BUYER. The supply of
ethene and propene shall be resumed promptly or at most within a term of
forty-eight (48) hours after the settlement of the debts by the BUYER to
COPESUL.

CLAUSE THREE — MISCELLANEOUS

	3.1	 	- Any and all clauses and conditions of the Agreement herein amended as
well as any amendments thereto not expressly rectified hereunder shall
remain in full force and effect.

IN WITNESS WHEREOF, the Parties cause this document to be duly signed in three
(03) copies with three (03) pages each, of identical form and substance, in the
presence of the undersigned witnesses.

Triunfo, March 7th, 1988.

COPESUL — COMPANHIA PETROQUÍMICA DO SUL

	 	 	 
	[signature]

ADOLPHO SHULER NETTO

President Director

	 	 [signature]
 

RUY LERNER

Superintendent Director

POLIOLEFINAS S/A

	 	 	 
	[signature]

JOSÉ ADOLPHO LISBOA DE SOUZA

President Director

	 	[signature]

TEURACY JOSÉ LEITÃO BASTOS

Director

WITNESS

	 	 	 
	[signature]

Humberto Cézar Ferreira Prato

	 	[signature]

Arthur Eduardo Gabira PerezFOURTH AMENDMENT TO RAW MATERIAL SUPPLY CONTRACT

 

Exhibit 10.28

FOURTH AMENDMENT TO AGREEMENT RS-486/82 BY AND BETWEEN COPESUL – COMPANHIA
PETROQUÍMICA DO SUL AND POLIOLEFINAS S/A

COPESUL – COMPANHIA PETROQUÍMICA DO SUL, headquartered at BR-386 Rodovia
Tabaí/Canoas Km. 419 Pólo Petroquímico do Sul, Triunfo/RS CEP 95853-000,
enrolled in the Ministry of Finance National Roll of Corporate Taxpayers under
# 88.948.492/0001-92, herein represented pursuant to its Bylaws by its
Directors Rogério Affonso de Oliveira and Regis Lemos de Abreu, hereinafter
referred to as COPESUL; and

POLIOLEFINAS S/A, headquartered at Rua Alexandre Dumas n° 2016, Chácara Santo
Antonio, in the City of São Paulo, State of São Paulo, enrolled in the Ministry
of Finance National Roll of Corporate Taxpayers under # 62.336.946/0001-80, and
its Plant located at BR-386 Rodovia Tabaí/Canoas Km. 419 Lote 27 Pólo
Petroquímico do Sul, Triunfo/RS, enrolled in the Ministry of Finance National
Roll of Corporate Taxpayers under # 62.336.946/0007-76, herein duly represented
by its Director Luiz Eduardo Ematne and Attorney-in-Fact Edson Barros Maia,
hereinafter referred to as BUYER,

DO HEREBY decide to execute this Amendment to the Agreement for the Sale and
Purchase of Raw Material dated December 8th, 1982, aiming at amending the
maximum and minimum quantities of raw material supply.

CLAUSE ONE – PURPOSE

	 	 	 
	1.1 -

	 	This Amendment aims at amending the Agreement RS-486/82 as to the
limits of supply and purchase of ethene that COPESUL undertakes to supply
and BUYER undertakes to purchase, as of June 14th, 1995.

CLAUSE TWO – QUANTITIES TO BE SUPPLIED

	 	 	 
	2.1 -

	 	Exhibit A to Agreement RS-486/82 is hereby replaced by items A.1, A.2
and A.3 as follows:
	 
	 	 
	A.1)

	 	The agreed supplies of ethene and/or propene (polymer degree) are defined
by the limits set forth below:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	CONSUMPTION IN TONS

	PRODUCTS
	 	YEARLY
	 	MONTHLY
	 	OUTFLOW PER HOUR

	 	 	Minimum
	 	Maximum
	 	Average
	 	Maximum
	 	Average
	 	Maximum

	ETHENE
	 	 	112,200	 	 	 	187,000	 	 	 	15,583	 	 	 	16,769	 	 	 	21.35	 	 	 	23.00	 
	PROPENE
	 	 	—	 	 	 	2,550	 	 	 	—	 	 	 	235	 	 	 	—	 	 	 	—	 

Calculation basis to make up the monthly average is the maximum consumption per year
divided by the number of months of the year; as for the average outflow per hour, it is
the maximum consumption per year divided by 365 and by 24 hours.

	 	 	 
	A.2)

	 	COPESUL has no obligation to supply any quantity of ethene and/or propene
(polymer degree) over the maximum consumption per year, the average
consumption per month and the average outflow per hour, as provided by
item A.1 hereof. The average outflow per hour and the average consumption
per

 

 

	 	 	 
	

	 	month may be exceeded by BUYER only when COPESUL accede to the quantities
pointed out in the monthly schedule of BUYER.

	 	 	 
	
A.2.1)

	 	The instrument to render the settlement operational is the monthly
schedule of BUYER, pursuant to item 3.3 of the agreement, where the
days in which the maximum outflow per hour will be requisite and the
corresponding quantities must be entered.

	 	 	 
	A.3)

	 	The ethene and propene (polymer degree) supplied and consumed quantities
must be as constant as possible. Since the supply and consumption outflows
depend on the operational conditions of COPESUL and BUYER plants, both
Parties shall use their best efforts to arrange their operations aiming at
rendering the supply outflows uniform.

CLAUSE THREE – MISCELLANEOUS

	 	 	 
	3.1 -

	 	Any and all clauses and conditions of the Agreement herein amended not
expressly rectified hereunder shall remain in full force and effect.

IN WITNESS WHEREOF, the Parties cause this document to be duly signed in two
(02) copies with two (02) pages each, of identical form and substance and for a
single effect, in the presence of the undersigned witnesses, for all legal
purposes.

Triunfo, June 14th, 1995.

COPESUL – COMPANHIA PETROQUÍMICA DO SUL

	 	 	 
	[signature]
	 	[signature]
	
 
	 	
 
	ROGÉRIO AFFONSO DE OLIVEIRA

Director
	 	REGIS LEMOS DE ABREU

Director

POLIOLEFINAS S/A

	 	 	 
	[signature]
	 	[signature]
	
 
	 	
 
	LUIZ EDUARDO EMATNE

Director
	 	EDSON BARROS MAIA

Attorney-at-Fact

WITNESS

	 	 	 
	[signature]
	 	[signature]
	
 
	 	
 
	Name: Bruno Albuquerque Piovesan

Taxpayer Card # 228.982.800-97
	 	Name: Claudio Fernandez Reinert

Taxpayer Card # 262.722.100-00FIFTH AMENDMENT TO RAW MATERIAL SUPPLY CONTRACT

 

Exhibit 10.29

FIFTH AMENDMENT TO AGREEMENT RS-486/82 BY AND BETWEEN COPESUL – COMPANHIA
PETROQUÍMICA DO SUL AND POLIOLEFINAS S/A

COPESUL – COMPANHIA PETROQUÍMICA DO SUL, headquartered at BR-386 Rodovia
Tabaí/Canoas Km. 419 Pólo Petroquímico do Sul, Triunfo/RS CEP 95853-000,
enrolled in the Ministry of Finance National Roll of Corporate Taxpayers under
# 88.948.492/0001-92, herein represented pursuant to its Bylaws by its
Directors Rogério Affonso de Oliveira and Regis Lemos de Abreu, hereinafter
referred to as COPESUL; and

POLIOLEFINAS S/A, headquartered at Rua Alexandre Dumas n° 2016, Chácara Santo
Antonio, in the City of São Paulo, State of São Paulo, enrolled in the Ministry
of Finance National Roll of Corporate Taxpayers under # 62.336.946/0001-80, and
its Plant located at BR-386 Rodovia Tabaí/Canoas Km. 419 Lote 27 Pólo
Petroquímico do Sul, Triunfo/RS, enrolled in the Ministry of Finance National
Roll of Corporate Taxpayers under # 62.336.946/0007-76, herein duly represented
by its Director Luiz Eduardo Ematne and Attorney-in-Fact Edson Barros Maia,
hereinafter referred to as BUYER,

DO HEREBY decide to execute this Amendment to the Agreement for the Sale and
Purchase of Raw Material dated December 8th, 1982, aiming at amending the
maximum and minimum quantities of raw material supply.

CLAUSE ONE – PURPOSE

	 	 	 
	1.1 -

	 	This Amendment aims at amending the Agreement RS-486/82 as to the
limits of supply and purchase of ethene that COPESUL undertakes to supply
and BUYER undertakes to purchase, as of the date the Project of
Technological Update of COPESUL is concluded.

CLAUSE TWO – QUANTITIES TO BE SUPPLIED

	 	 	 
	2.1 -

	 	Item A.1 of the Fourth Amendment to Agreement RS-486/82 is hereby
replaced by the following text:
	 
	 	 
	A.1)

	 	The agreed supplies of ethene and/or propene (polymer degree) are defined
by the limits set forth below:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	CONSUMPTION IN TONS

	PRODUCTS
	 	YEARLY
	 	MONTHLY
	 	OUTFLOW PER HOUR

	 	 	Minimum
	 	Maximum
	 	Average
	 	Maximum
	 	Average
	 	Maximum

	ETHENE
	 	 	148,200	 	 	 	247,000	 	 	 	20,583	 	 	 	20,861	 	 	 	28.20	 	 	 	28.61	 
	PROPENE
	 	 	—	 	 	 	2,550	 	 	 	—	 	 	 	235	 	 	 	—	 	 	 	—	 

Calculation basis to make up the monthly average is the maximum consumption per year
divided by the number of months of the year; as for the average outflow per hour, it is
the maximum consumption per year divided by 365 and by 24 hours.

CLAUSE THREE – MISCELLANEOUS

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