Amendment to Purchase Agreement between United States Cellular Corporation and Superconductor Technologies Inc. (January 17, 2000)

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Summary

United States Cellular Corporation (USCC) and Superconductor Technologies Inc. (STI) have agreed to amend their August 27, 1999 Purchase Agreement. The amendment clarifies shipping arrangements, stating that STI will usually select the shipping method and carrier, prepay freight charges, and bill USCC without extra fees. Title and risk of loss transfer to USCC upon delivery to the carrier at STI's facility. STI will invoice USCC upon shipment, and USCC must pay within 30 days, with a 1% discount if paid within 15 days.

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EX-10.3 2 v67157ex10-3.txt EXHIBIT 10.3 1 EXHIBIT 10.3 January 17, 2000 UNITED STATES CELLULAR CORPORATION 8410 West Bryn Mawr Avenue, Suite 700 Chicago, Illinois 60631-3468 ATTENTION: LAURA DEKEYSER Reference: Conversation between Laura DeKeyser (USCC) and Tim Turk (STI), January 14, 2000 Dear Laura: In response to the agreements reached in the referenced conversation, United States Cellular Corporation (USCC) and Superconductor Technologies Inc. (STI) hereby agrees to amend the Purchase Agreement, dated August 27, 1999 as follows: STI will select the method and common carrier for shipment unless notified by USCC reasonably in advance of the ship date that USCC desires to select the method and common carrier. STI will pre-pay freight charges from the place of shipment to the designated address on the Purchase Order and bill shipment charges to USCC. These charges will not include mark-up or administrative charges. Delivery terms herein are FOB STI's facility in Santa Barbara, California. Title and risk of loss will pass to USCC upon delivery to a common carrier at STI's facility. STI warrants that such title and good and clear and free of all liens. STI will invoice USCC upon shipment of Systems. USCC will pay all amounts invoiced by STI within thirty (30) days of the invoice date. However, should USCC pay all amounts invoiced by STI within fifteen (15) days of the invoice date, USCC may subtract one percent (1%) of the invoice amount owed. Please indicate your acceptance of the above by endorsing a copy of this letter and retaining it for your files. Sincerely, SUPERCONDUCTOR TECHNOLOGIES INC. /s/ E. Ray Cotten Signature: /s/ Paul W. Gill - -------------------------------------------- ------------------- E. Ray Cotten Name: Paul Gill Senior Vice President of Sales and Marketing Title: Director of Purchasing Date 1/24/00