Purchase Order and Supply Agreement between Arthur D. Little, Inc. and DeNora Fuel Cells S.p.A. dated March 29, 2000

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Summary

This agreement documents the purchase and temporary transfer of a 5KW PEM Fuel Cell from DeNora Fuel Cells S.p.A. in Italy to Arthur D. Little, Inc. (ADL/Epyx) in the United States. The equipment is provided at no cost to ADL/Epyx, who must return it to DeNora Fuel Cells after project completion. DeNora Fuel Cells covers air freight charges. The agreement also includes general supply terms, delivery timelines, penalties for late delivery, invoicing, and payment conditions. The total value of the equipment is $45,000, with payment terms specified for related services.

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EX-10.31 18 0018.txt PURCHASE ORDER DATED MARCH 29, 2000 EXHIBIT 10.31 PURCHASE ORDER No. 418577 INVOICE TO: DATE OF ORDER: Arthur D. Little, Inc. 3/29/00 20 Acorn Park Cambridge, MA USA 02140-2390 Telephone: 617 ###-###-#### Telefax: 617 ###-###-#### DeNora Fuel Cells S.p.A. Via Bistolfi, 25 20134 Milan, Italy Attn: Michelle Tettamanti - -------------------------------------------------------------------------- Item No. Quantity Catalog No. Description Price - -------------------------------------------------------------------------- 1 1 5KW PEM Fuel Cell This Purchase Order is issued to transfer above equipment from DeNora Fuel Cells S.p.A. to ADL/Epyx. Transfer of fuel cell unit will be at no cost to ADL/Epyx and said equipment will be returned by ADL/Epyx to DeNora Fuel Cells at completion of project. Air Freight charges/transportation via DLH to be paid for by DeNora Fuel Cells. Value of above equipment: $45,000.00 - -------------------------------------------------------------------------- TOTAL - -------------------------------------------------------------------------- "Durantes Vincunt" DE NORA FUEL CELLS - ------------------ Nuvera Group Via Bistolfi, 35 - 20134 Milano Tel. +39 02 2191 Fax +39 02 21292403 E-mail: ***@*** ------------------- www.nuverafuelcells.com ----------------------- Messrs ARTHUR D. LITTLE Inc. 20 Acorn Park, Cambridge MA USA 02140-2390 Invoice n.13 of 4 May 2000 SALE N.1 STACK rated 5 kw MODEL D.080.00.C.G.2.2.W.I.1 Serial Number 61 Goods are of Italian origin Customer purchase order Nr. 418577 of 29 March 2000 Total amount US$ 45.000.= Operation not subject to tax pursuant to art. 8 par. 1 letter A. Package n(degree) 1 case: 60 x 40 x 26cm Net weight Kg. 34 Gross weight Kg. 40 Marks "ADDRESS" Shipped: By De Nora Fuel Cells S.p.a. Delivery Terms: by DHL; DDP Cambridge MA USA Terms of payment T/T 30 days invoice date C/o Banca Popolare di Bergamo Milan Headquarters Account n.86257 ABI 05428 cab 01602 DE NORA FUEL CELLS S.P.A. ________________________________________________________________________________ 2 Societa per Azioni - Capitale Sociale L 400,000,000 - Iscritta Nel Registro delle Imprese Sezione Ordinaria al N 208344/1999 R.E.A N. 1595544 Presso C.C.I.A.A. Milano Codice Escale e Partita Iva No 12910180152 3 ANSALDO RICERCHE - ---------------------- ---------------------------------- ------------------- order no. N 02486 00 of FEB. 13, 1997 page no. 4 - ---------------------- ---------------------------------- ------------------- 1.2 doc. PSA/CGF/02 REV. 1 - GENERAL CONDITIONS FOR SUPPLYING SYSTEMS, EQUIPMENT, MACHINERY AND ASSOCIATED BUSINESS .2 For any disagreements between the documents listed above, the interpretation of same must be agreed by ARI and DNR in reasonable terms. .3 The content of this order shall take precedence over the aforementioned documents. .4 Departures from the contract documents must be approved by ANSALDO in writing under penalty of nullification. ART. 3 - TERMS OF CONTRACT .1 The date on which work begins is set down in the order acceptance date. .2 Supply shall be delivered to the delivery point within 24 working weeks of the signing date of the order. ART. 4 - CRATING The price includes crating. ART. 5 - DELIVERY The supply shall be delivered CIF ANSALDO - Genoa (ref. INCOTERMS 1990). ANSALDO RICERCHE - ---------------------- ---------------------------------- ------------------- order no. N 02486 00 of FEB. 13, 1997 page no. 5 - ---------------------- ---------------------------------- ------------------- ART. 6 - TRANSFER OF OWNERSHIP N/A ART. 7 - PENALTIES 1 Delivery dates are final and no delay is permitted without prior written authorization by ANSALDO. 2 In the event of delays in the contract supply delivery date, after a grace period of 5 calendar days a penalty of 0.5% of the total order amount shall be applied for every week or portion thereof of delay. .2.1 The maximum amount of delay penalties shall be 10% of the final order amount. ART. 8 - GUARANTIES N/A ART. 9 - INSTALLATION AND TEST ASSISTANCE The above are included in the services as per Art. 1. ART. 10 - PRICE Total flat rate price as indicated in Art. 1. 320,000,000 lire ANSALDO RICERCHE - ---------------------- ---------------------------------- ------------------- order no. N 02486 00 of FEB. 13, 1997 page no. 6 - ---------------------- ---------------------------------- ------------------- ART. 11 - INVOICING AND PAYMENT METHOD 1.1 The amount as per Art. 4 may be invoiced as incurred, though not prior to the dates on which the work associated therewith is completed, defined in Table 1A in the annex. 1.2 Every invoice must contain the following information: - running/consecutive number - Community Order number 5074-92-11 ELISP PC - order number - name, address, and account number of DNP's reference bank ART. 12 - PAYMENT Payments shall be made by direct remittance to the Bank selected by ANSALDO, within 90 days, end of month, of the receipt of invoice, provided the conditions to which the installments are subject have actually been met. ART. 13 - ACCEPTANCE As indication of unconditional acceptance, supplier will send to ANSALDO a letter which complies with the fax specified in the contract documents, by and no later than 20 days from receipt of this order. Should the referenced acceptance not be received within the above term, ANSALDO shall as a precautionary measure stop processing any invoices received, reserving the right to take action against Supplier for compensation for any damages incurred. ANSALDO RICERCHE - ---------------------- ---------------------------------- ------------------- order no. N 02486 00 of FEB. 13, 1997 page no. 7 - ---------------------- ---------------------------------- ------------------- ART. 14 - DECLARATION BY THE CONTRACTING PARTIES ANSALDO and Supplier declare that the terms ratified in this order correspond to the agreements concluded in their negotiations. Therefore, all previous correspondence must be considered superceded. [stamp] ANSALDO Ansaldo Ricerche S.r.l. /s/ Giuseppe Ferrari Giuseppe Ferrari Managing Director
ANSALDO RICERCHE - ------------------------------------------------------------------------------------------------------------------------------------ order no. N 02486 00 of FEB. 13, 1997 page no. 8 - ------------------------------------------------------------------------------------------------------------------------------------ TABLE 1A BILL AND PAYMENT CONDITIONS DIARY - ------------------------------------------------------------------------------------------------------------------------------------ SUBORDER: N 02486/00 R ORDER / CDR: TI1000 SUPPLIER CODE: 064411 RDA DESCRIPTION: 45 KW FUEL CELL STACKS REF.: - ------------------------------------------------------------------------------------------------------------------------------------ QUALITY LEVEL: 1 CURRENCY CODE: ITALIAN LIRE INITIAL DATE 12/05/96 TYPE OF GOODS: OAB AMOUNT OF SUBORDER PAYMENT COND.: 90 DAYS AFTER INVOICE REF. -- AMOUNT ISSUE OF SERVICE: 320,000,000 ORDERS -- TOTAL AMOUNT: 320,000,000 - ------------------------------------------------------------------------------------------------------------------------------------ DESTINATION: Corso Perrone, 25 DELIVERY: Free Genoa TRANSPORT: CRATING: INCLUDED (OPTIONAL) DOCS. ATTACHED: - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ EVENT EVENT SCHEDULE DESCRIPTION OF EVENTS TO BE INVOICED PERCENT AMOUNT COMMENTS - ------------------------------------------------------------------------------------------------------------------------------------ BEGINNING END - ------------------------------------------------------------------------------------------------------------------------------------ 1 A 02/01/97 ACCEPTANCE OF ORDER 0.2500 80,000,000 - ------------------------------------------------------------------------------------------------------------------------------------ 2 C 07/31/97 DELIVERY OF STACKS (24 WORKING WEEKS FROM ACCEPTANCE 0.2500 80,000,000 OF ORDER) - ------------------------------------------------------------------------------------------------------------------------------------ 3 C 01/31/98 SIX MONTHS AFTER DELIVERY OF SUPPLY 0.2500 80,000,000 - ------------------------------------------------------------------------------------------------------------------------------------ 4 C 06/30/99 AT END OF DEMONSTRATION CAMPAIGN, BY ISSUE OF THE 0.2500 80,000,000 ACTIVITY COMPLETION REPORT, AND, IN ANY CASE, NO LATER THAN 06/10/99 - ------------------------------------------------------------------------------------------------------------------------------------