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GENERAL MEETING

THE SUWARY SPÓŁKA AKCYJNA MANAGEMENT BOARD NOTICE OF CONVENING AN ORDINARY GENERAL MEETING OF SHAREHOLDERS TO BE HELD AT 1 PM, ON MARCH 8, 2017 IN PABIANICE, PIOTRA SKARGI 45/47

15.02.2017

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Current report 37/2017 Conclusion of the master agreement

Suwary S.A. Management Board (The Issuer) informs that on this 03.08.2017, a master agreement was concluded by and between the Issuer's subsidiary, Kartpol Group Sp. z o.o. (Seller) and Carina Silicones Sp. z o.o. with its registered seat in Siechnice and Libra Sp. z o.o with its seat in Dzierżoniów. The subject matter of the agreement is determining the conditions of cooperation between the parties consisting on manufacturing and delivering by Kartpol specified products – cartridges and related accessories.

Kartpol has been delivering products to Carina and Libra under the conditions indicated in the agreement since 01.01.2017. The agreement signed on this day shall be binding until 31.12.2018.

According to the estimated quantities agreed by the parties, the total amount of the agreement shall be at least PLN 23 million.
The agreement includes the contractual penalties which may exceed 10% of its value in the case of delay in execution of order – 5% of value of the not executed order for each commenced day of delay and the possibility to charge the Seller with any additional costs and expenses associated with the purchase of potential substitute products from other suppliers.

The remaining provisions of the agreement do not differ from the accepted market standards for this type of agreement.

2017-08-03

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