Amendment to Master Distributor Agreement between Xilinx Entities and Avnet, Inc. (March 2017)

Contract Categories: Business Operations › Distribution Agreements
Summary

This amendment, effective March 1, 2017, modifies the Master Distributor Agreement originally dated March 12, 2014, between Xilinx, Inc. (and its affiliates in Ireland and Singapore) and Avnet, Inc. The amendment specifically removes a sentence from Exhibit D regarding the discretion of Xilinx to provide a Distributor Incentive Rebate (DIR) or a percentage of DIR based on the distributor's cost of working capital. All other terms of the original agreement remain unchanged.

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EX-10.18 5 ex1018avnetdiramendmentfor.htm EXHIBIT 10.18 Exhibit

Exhibit 10.18
AMENDMENT


THIS AMENDMENT (“Amendment”) effective as of March 1, 2017, amends that certain Master Distributor Agreement effective as of March 12, 2014, as previously amended (the “Agreement”), by and between Xilinx, Inc., an Delaware Corporation, having offices at 2100 Logic Drive, San Jose, CA, 95124, Xilinx Ireland Unlimited Company (formerly known as Xilinx Ireland), a company incorporated under the laws of Ireland with a place of business at 2020 Bianconi Avenue, Citywest Business Campus, Saggart, Co. Dublin, Ireland, and Xilinx Sales International Pte. Ltd., a company organized and existing under the laws of Singapore, having its principal office at 5 Changi Business Park Vista, Singapore 486040 (collectively and individually, “Xilinx”), and Avnet, Inc., a New York corporation, having its principal office at 2211 South 47th Street, Phoenix, AZ 85034 (“Distributor”).

A.
The parties agree to amend Exhibit D of the Agreement as follows:

The following sentence is deleted in its entirety:
DIR, or a percentage of DIR, is provided to Distributor at the discretion of Xilinx based on the Distributor cost of working capital.
B.
Except as set forth above, the Agreement remains in full force and effect.

To evidence the parties’ agreement to this Agreement, they have signed and delivered it on the date(s) below, but as of the date set forth in the preamble.

Xilinx, Inc.
 
Avnet, Inc.
Signature: /s/ Christopher Alan Henry
 
Signature: /s/ Peter Bartolotta 
Print Name: Christopher Alan Henry
 
Print Name: Peter Bartolotta
Title: CVP, Channel Sales
 
Title: Chief Transformation Officer
Date: 3/24/2017
 
Date: 24 March 2017 16:08 MST
                





Xilinx Ireland Unlimited Company
Signature: /s/ Kevin Cooney     
Print Name: Kevin Cooney    
Title: Managing Director
Date: 3/25/2017

Xilinx Sales International Pte. Ltd.
Signature: /s/ Oren Scotten     
Print Name: Oren Scotten    
Title: Site Director    
Date: 3/27/2017