Exhibit 4.21
Chesf
Companhia Hidro Elétrica do São
Francisco
ELECTRIC POWER PURCHASE AND SALE
AGREEMENT
CHESF
X
BRASKEM S.A.
CHLORO SODA UNIT – UCS - AL
ADDENDUM TO CCVE - 012/2004
FIRST TERM OF ADDENDUM TO THE
ELECTRIC POWER PURCHASE AND SALE AGREEMENT CELEBRATED BETWEEN
COMPANHIA HIDRO ELÉTRICA DO SÃO FRANCISCO - CHESF AND
BRASKEM S.A., ON OCTOBER 20, 2004.
By this instrument, the
PARTIES
COMPANHIA HIDRO ELÉTRICA DO SÃO
FRANCISCO — CHESF, a public services concessionaire engaged in the
supply of electric power, headquartered in the city of Recife, in
the state of Pernambuco, at Rua Delmiro Gouveia, n° 333,
Bairro do Bongi, enrolled before the CNPJ of the Ministry of
Finance under no. 33.541.368/0001-16, and enrolled before the state
tax office under no. 18.1.001.0005584-6, hereinafter simply
referred to as “CHESF” and represented herein
pursuant its Social Bylaws by its Directors, described and
undersigned at the end of the agreement; and
BRASKEM S.A. - UCS-AL, located at Avenida Assis Chateaubriand, n°
5.260, Pontal da Barra, in the Municipality of Maceió, in the
State of Alagoas, complying with the 230kV voltage supplied by the
basic powergrid, enrolled before the CNPJ/MF under no.
42.150.391/0022-03, and State Enrollment no. 240.071.115-AL,
hereinafter simply referred to as “CONSUMER” and
represented herein pursuant is Social Bylaws by its Directors who
have been described at the end and who have signed this
agreement;
WHEREAS
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pursuant art.
25 of Law no. 10.848 dated March 15, 2004, the PARTIES have decided
to modify the power supply agreement purporting to have it comply
with the new sectorial regulations regarding the commercialization
of electric power, replacing it by several electric power purchase
and sale agreements and the use of the transmission and connection
system,
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as result, the
PARTIES have signed the Electric Power Purchase and Sale Agreement
on October 20, 2004, referred to herein as
AGREEMENT;
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and pursuant
art. 25 of Law no. 10.848, dated March 15, 2004, the parties being
interested in amending said AGREEMENT;
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have decided to celebrate the 1st. Term of
Addendum to the AGREEMENT pursuant the following clauses and
conditions:
FIRST CLAUSE – This Term of Addendum (“
ADDENDU
