SEC Contract Filing

Filing Date: 2015-03-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.50
<SEQUENCE>8
<FILENAME>a201410-kxex1050.htm
<DESCRIPTION>EXHIBIT 10.50
<TEXT>
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<a name="sA87A70AD097BA22341AEC2C4022E68CA"></a><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10.50</font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;text-indent:492px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;</font></div></div><br><div style="line-height:120%;padding-top:4px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#111111;font-weight:bold;">Amendment Five to</font></div><div style="line-height:120%;padding-top:0px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#111111;font-weight:bold;">Manufacturing and Purchase Agreement Between</font></div><div style="line-height:120%;padding-top:0px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#111111;font-weight:bold;">Dot Hill Systems Corp. and Hon Hai Precision Industry Co. Ltd.</font></div><div style="line-height:120%;padding-top:0px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#111111;">This Amendment Five ("Amendment") is dated November 14, 2014 (the ''Effective Date") and is an amendment to the Manufacturing and Purchase Agreement dated September 2008 (the "Agreement") between Dot Hill Systems Corp. and its subsidiaries ("Dot Hill") and Hon Hai Precision Industry Ltd, and its parents, subsidiaries and affiliate companies ("Foxconn").</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:1px;text-indent:-2px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#111111;">Except as expressly set forth herein, all other terms and conditions of the Agreement (including all amendments to the Agreement) shall continue in full force and effect. Capitalized terms used but not defined herein shall have the meanings given thereto in the Agreement. This Amendment shall become part of the Agreement and all applicable terms and conditions of the Agreement.</font></div><div style="line-height:120%;text-align:justify;padding-left:1px;text-indent:-2px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:4px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#111111;">Whereas, Dot Hill and Foxconn wish to extend the Term of the Agreement on an interim basis to allow for necessary updates to the Agreement</font><font style="font-family:inherit;font-size:10pt;color:#343434;">;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#111111;">Wherefore, the Agreement shall be revised as follows:</font></div><div style="line-height:120%;text-align:justify;padding-left:1px;text-indent:-2px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;color:#111111;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#111111;">Article 14.1 shall be deleted in its entirety, and in its place the following shall be inserted: </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:1px;text-indent:-2px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:97px;text-indent:-2px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#111111;">"</font><font style="font-family:inherit;font-size:10pt;color:#111111;font-weight:bold;">14.1 Term.</font><font style="font-family:inherit;font-size:10pt;color:#111111;">&#32;&#32;The Term of this Agreement shall be from the original Effective Date of the </font></div><div style="line-height:120%;text-align:left;padding-left:97px;text-indent:-2px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#111111;">Agreement (in September 2008) until and through February 11,2015, unless terminated </font></div><div style="line-height:120%;text-align:left;padding-left:97px;text-indent:-2px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#111111;">pursuant to the termination provisions of this Agreement." </font></div><div style="line-height:120%;text-align:justify;padding-left:1px;text-indent:-2px;font-size: