Agreement for Price Adjustment between Oki Electric Industry Co., Ltd. and Catalyst Semiconductor, Inc.
Oki Electric Industry Co., Ltd. and Catalyst Semiconductor, Inc. have agreed that CSI will pay Oki five million US dollars as a price adjustment for wafers delivered between May 1 and September 30, 2000. CSI is required to make this payment to Oki by September 27, 2000. The agreement defines the term 'wafers' (with some details omitted for confidentiality).
EXHIBIT 10.76
AGREEMENT FOR PRICE ADJUSTMENT
This agreement is entered into as of September 1st, 2000 by and between Oki Electric Industry Co., Ltd. (Oki) and Catalyst Semiconductor, Inc. (CSI).
Oki will bill CSI for five million US dollars ($5,000,000) as the price adjustment for the wafers delivered to CSI during the period from May 1st, 2000 through September 30th, 2000. CSI agrees to pay the five million US dollars ($5,000,000) to Oki on September 27th, 2000.
Definition:
Wafers: [*].
| CATALYST SEMICONDUCTOR, INC. | OKI ELECTRIC INDUSTRY, CO. LTD. | ||
| /s/ Hideyuki Tanigami | /s/ Hisao Baba | ||
| Name: Hideyuki Tanigami Title: Chairman of the Board | Name: Hisao Baba Title: Vice President & General Manager Marketing & Sales Dev., SiSC |
| | |||
| 22 September 2000 | September 22, 2000 | ||
| Date | Date |
[*] Certain information in this exhibit has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
