[ ] = Certain confidential information contained in this document, marked by brackets, is omitted because it is both (i) not material and (ii) is the type of information that Power Integrations, Inc. treats as private or confidential.
AMENDMENT NUMBER THREE TO WAFER SUPPLY AGREEMENT
This Amendment Number Three (the “Amendment”) is effective as of April 21, 2021 and amends the Wafer Supply Agreement that is effective as of October 1, 2010, as amended by Amendment Number One that is effective as of January 1, 2014, as amended by Amendment Number Two that is effective as of December 1, 2018 (“the AGREEMENT”), and is entered into by and between:
|(1)||Power Integrations, Ltd. d.b.a. Power Integrations International, Ltd., a Cayman Islands corporation having its principal place of business at 4th Floor, Century Yard, Cricket Square, Elgin Avenue, P.O. Box 32322, Grand Cayman KYl-1209 (“POWER INTEGRATIONS”); and|
|(2)||X-FAB Semiconductor Foundries GmbH (formerly known as, and successor in interest of X-FAB Semiconductor Foundries AG) having its principal place of business at Haarbergstrasse 67, 99097 Erfurt, Germany (“COMPANY”).|
WHEREAS, the parties to this Amendment hereby agree to amend the AGREEMENT;
WHEREAS, in accordance with Section 18.10 of the AGREEMENT, the AGREEMENT may be amended only by an instrument in writing duly executed by an authorized representative of COMPANY and POWER INTEGRATIONS.
NOW THEREFORE, the parties agree as follows:
|I.||Section 10.4 is amended by the following:|
The actual amount of the [*] Equipment Cost paid by PI and received by X-FAB Texas is [*].
II.Section 10.6 is deleted and replaced with the following:
The [*] Equipment Cost that is to be repaid to POWER INTEGRATIONS by COMPANY as a [*] Discount according to Section 10.4 is [*].