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FIRST AMENDMENT TO MASK PRODUCTION AND SUPPLY AGREEMENT

Supply Agreement

FIRST AMENDMENT TO MASK PRODUCTION AND SUPPLY AGREEMENT | Document Parties: MAGNACHIP SEMICONDUCTOR LLC | Hynix Semiconductor, Inc. You are currently viewing:
This Supply Agreement involves

MAGNACHIP SEMICONDUCTOR LLC | Hynix Semiconductor, Inc.

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Title: FIRST AMENDMENT TO MASK PRODUCTION AND SUPPLY AGREEMENT
Date: 3/31/2006

FIRST AMENDMENT TO MASK PRODUCTION AND SUPPLY AGREEMENT, Parties: magnachip semiconductor llc , hynix semiconductor  inc.
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Exhibit 10.14(a)

FIRST AMENDMENT TO MASK PRODUCTION AND SUPPLY AGREEMENT

This First Amendment to Mask Production and Supply Agreement (this “Amendment”) is entered into as of December 30, 2005 by and between Hynix Semiconductor, Inc. (the “Supplier”) and MagnaChip Semiconductor Ltd. (the “Purchaser”) (each a “Party”, and collectively the “Parties”).

WHEREAS, the Parties are parties to that certain Mask Production and Supply Agreement dated as of October 6, 2004 (the “Agreement”), and wish to amend the Agreement as set forth below.

NOW, THEREFORE, the Parties agree as follows:

 

 

1.

Section 1.1 is hereby amended by adding the following thereto in the appropriate alphabetical position:

““C1 Building” shall have the meaning ascribed to such term in Section 4.2.”

 

 

2.

Section 4.1 is hereby amended and restated in its entirety as follows:

“The unit price of the Products (the “Unit Price”) supplied hereunder shall be determined on a / ***** / in accordance with the following formula:

For each process technology:

/ ***** /”

 

 

3.

Section 4.2 is hereby amended and restated in its entirety as follows:

“The Unit Price shall be exclusive of / ***** / The Unit Price shall be on an ex warehouse Supplier’s facilities located in the C1 Building and C2 Building located at Supplier’s manufacturing facility in Cheongju, Korea (respectively, the “C1 Building” and “C2 Building”).”

/ ***** / = Portions of this exhibit are subject to a request for confidential treatment and have been redacted and filed separately with the Securities and Exchange Commission.

 

1


 

4.

A new Section 4.3 is hereby added to Article 4 as follows:

“In the event that the Unit Price offered by the Supplier exceeds the price offered by other domestic suppliers, the Unit Price may be adjusted thr


 
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