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Confidential Treatment Requested by Tesla Motors, Inc.
4. Pricing.
3
prior written consent of Panasonic and the payment by Tesla of any rescheduling charges specified by Panasonic.
b) Order Requirements
. An Order shall (i) identify the Items requested and (ii) state the quantity, date, time, mode and place of
delivery, and price of the Items requested (unless previously specified in Attachment 1, which shall control in the event of a conflict
with the Order).
c) Acceptance/Rejection of Orders
. Panasonic shall communicate to Tesla its acceptance or rejection of a forecast and related Order
within [***] working days of Panasonic’
s receipt of the Order. [***]. Any notice of rejection shall state the specific grounds for such
rejection. If Panasonic fails to notify Tesla of its rejection of an Order within [***] working days of Panasonic’
s receipt of the Order,
the Order shall be deemed accepted by Panasonic.
d) Forecast Adjustments
. Panasonic acknowledges that Tesla may be required to modify forecasts from time to time, but such
modifications to the forecasts shall not result in a change and/or cancellation of any firm and irrevocable Orders as described in
Section 3(a).
e)
Purchases by Authorized Third Party
. Items may be incorporated into Finished Products made for Tesla by a third party. Upon the
mutual agreement of the Parties, Tesla may designate the third party as authorized to purchase Items from Panasonic. Such third
party shall meet Panasonic’
s technical requirements for battery handling and battery pack assembly, purchasing requirements and
credit terms as established by Panasonic from time to time. Tesla shall cause such third party to enter into an agreement with
Panasonic to purchase Items from Panasonic on terms and conditions substantially similar to the terms and conditions set forth in this
Agreement.
f)
Notwithstanding anything herein to the contrary, Panasonic shall not be obligated to deliver any Items to Tesla unless Tesla has
issued an Order to Panasonic as set forth in Section 3(a).
g)
Purchase Commitment
. As set forth in Section 4(a), Tesla shall purchase the quantities of the Items set forth in Attachment 1
(
“
Commitment Quantity
”
).
Tesla may buy goods from third parties that are identical or similar to the Items.
a)
Contract Prices
.
“
Contract Prices
”
means the domestic and/or export price in [***] for an Item as set forth in Attachment 1. [***].
b)
Pricing Adjustment
. In addition to Section 4 (a), Contract Prices may be adjusted as a result of changes in the price of [***]
according to the Price Adjustment Mechanism set forth on Attachment 1 by following the Price Adjustment Mechanism Process set
forth on Attachment 2.
[***]
Information has been omitted and filed separately with the Securities and Exchange Commission. Confidential Treatment has been
requested with respect to the omitted portions.