Document gbyeqeXRqe501rQqKYaJj1xyL

TALC SUPPLY ACRtEM t Is1i T H IS T A L C S U P P L Y A G R E E M E N T (th e " A g r e e m e n t" ) is e n te re d into as o f A u g u s t 1S79 b y and b etw een C Y P R U S C T O R t S E A R C H C O M P A N Y , a Nevada c o rp o ra tio n ("C y p ru s " ) and W H IT T A K E R , C L A R K & D A N IE L S , IN C ., a New J e rs e y c o rp o ra tio n (" W h itta k e r" ). W ITN ESSETH : W H E R E A S , C y p ru s has e n te re d into an a g re e m e n t w ith M e tro p o lita n T a lc C o m p an y, In c . (" M e tro p o lita n " ), dated as of A ugust 3 , 1979, the ("A s s e t P u rc h a se A g re e m e n t" ) p ro vid in g to r the purchase by it of c e rta in assets of M e tro p o lita n , in clu d in g a p la n t and eq u ip m e n t fo r p ro ce s s in g c ru d e t a lc o re s itu a te d in S o u th P la in fie ld , N e w J e r s e y (th e "N e w J e r s e y P la n t"); W H E R E A S , C y p ru s h as e n te re d into an a g re e m e n t w ith A m e ric a n T a lc C o m p an y, In c . (" A m e r ic a n " ) d ated as o f A u g u st 3 , 1979 (th e "A la b a m a A s s e t A g re e m e n t" ), p ro v id in g fo r th e p u rch a s e by it of c e rta in assets of A m e ric a n , in clu d in g a p la n t and e q u ip m e n t fo r p ro ce s s in g cru d e ta lc o re s itu a te d in T a lla d e g a C o u n ty , A la b a m a (th e " A la b a m a P la n t" ); W H E R E A S , W h itta k e r d es ires to p u rch ase fro m C yprus and C yprus d e s ire s to s e ll c e rta in ta lc p roducts produced by the New J e rs e y P lan t and the A la b a m a P la n t. N O W , T H E R E F O R E , in c o n s id e ra tio n o f th e p re m is e s and th e m u tu al c o v e n a n ts c o n ta in e d h e r e in a n d s u b je c t to th e c o n s u m m a tio n in a c c o rd a n c e w ith the te rm s and con dition s th e re o f o f th e p urch ases by C yp ru s of the assets co n tem p lated by the A s s e t P u rc h a s e A g re e m e n t and by the A la b a m a A s s e t A g re e m e n t, C yp ru s and W h itta k e r h e re b y a g re e as follow s: PLAINTIFF'S EXHIBIT CAM-74 ITA 294 1 . T a lc P ro d u c ts . D u rin g the T e r m of th is A g re e m e n t, su b ject to th e te rm s and co n d itio n s h e re o f, C yp ru s m ill s e ll to W h itta k e r, pursu ant to w r it t e n o rd e r s t h e r e f o r , th e ta lc p ro d u c ts , o r a n y o f th e m , d e s c rib e d on the p ro d u ct lis t, a tta c h e d as S ch edu le I h e re to (th e "P ro d u c t L is t" ) o r p r o d u c t s w h ic h , in t h e ju d g m e n t oF C y p r u s , a r e o f r e a s o n a b ly c o m p a r a b le c h a ra c te ris tic s and q u a lity (th e "P ro d u c ts "). C y p ru s w i l l u se its b es t e ffo rts to f i ll in a t im e ly fa s h io n W h itta k e r 's o rd e rs fo r the P ro d u cts received fro m tim e to tim e ; p ro vid ed , how ever, that C y p ru s s h a ll not be re q u ire d to a ffo rd any p re fe re n c e o r p r io r ity to W h itta k e r w ith re s p e c t to su ch o r d e r s , w h ic h s h a ll be fille d in th e seq u e n c e o f th e ir accep tan ce p a ri passu w ith o rd ers of o th e r cu sto m ers of C yp ru s. 2 . P u rc h a s e P r ic e s . T h e p ric e p ayab le by W h itta k e r fo r any Product p u rch a s ed u n d e r th is A g re e m e n t shall be equ al to th e p ric e fo r such P rod uct in e ffe c t on th e d ate o f s h ip m e n t, as in d ic a te d on th e p ric e lis t p ub lish ed by C y p r u s a n d in e f f e c t on t h a t d a t e , le s s a d is c o u n t oF 7 p e r c e n t . T h e p u b lish ed p ric e s fo r th e P ro d u c ts o r any o f th e m a re s u b je c t to change a t th e s o le d is c r e tio n o f C y p ru s on 3 0 d ay s p r io r n o tic e and C y p ru s m a y in its s o le d is c re tio n d is c o n tin u e th e p ro d u ctio n o f any p ro d u ct on 60 days notice a t an y tim e and fro m tim e to tim e a fte r th e T e r m o f th is A g re e m e n t, w ith the ex c ep tio n o f any p ro d u c t co n tain in g Ita lia n ta lc , w ith re s p e c t to w hich C yprus s h a ll p ro v id e 9 0 days p r io r n o tice o f d is c o n tin u a n c e . 3 . D e liv e ry and P a y m e n t. D e liv e ry of the P rod ucts purchased by W h itta k e r h e re u n d e r s h a ll be m ade and accepted F O B the N e w J e rs e y P lan t o r the A la b a m a P la n t, re s p e c tiv e ly , W h itta k e r s h a ll take title to the Products upon such d e liv e r y , and a ll ris k s o f lo s s and ex p e n se s in c o n n ectio n w ith such P ro d u c ts s h a ll th e r e a fte r re s t upon W h itta k e r, in clu din g w ith o u t lim ita tio n , a ll r is k s and a ll e x p e n s e s in c u rr e d in th e s to r a g e , c a rta g e and tra n s p o r ta tio n o f th e P ro d u c ts as w e ll as a ll in s u ra n c e , fe e s , c h a rg e s , ta x e s , custonns duties and o th e r g o v e rn m e n ta l ch arg es o r le v ies and a ll o th e r expenses w hatsoever ITA 295 th e r e a T c r in c u rre d w ith re s p e c t to the P ro d u c ts . T e r m s o f paym .ent s h a ll be net 30 days fro m th e date o f s h ip m e n t. In a d d itio n to a n y o th e r r ig h ts it m a y have u n d e r th is A g re e m e n t o r u n d er any la w , ru le o r re g u la tio n , C y p ru s s h a ll have the rig h t to cancel any o rd e r p la c e d , o r to refu se o r d ela y sh ip m en t th e re o f, fo r fa ilu re of W h itta k e r to p ro m p tly m ake paym ents due C yprus fro m W h itta k e r. 4 . T e r m o f A g re e m e n t; T e rm in a tio n . T h e te r m of th is A g reem en t s h a ll be th e p e rio d c o m m e n c in g th e date o f the c lo s e o f th e e s c ro w p ro vid ed in P a ra g ra p h 2 o f th e A s s e t P u rc h a s e A g re e m e n t and e x p irin g 3 y e a rs th e re fro m , u nless s o o n e r te r m ir e te d by m u tu al w ritte n a g re e m e n t of the p a rtie s (th e " T e r m " ). T h e A g re e m e n t s h a ll be deem ed to be a u to m a tic a lly ren ew ed fo r s u c c e s s iv e p erio d s o f one y e a r fro m th e end o f the T e rm of th e A g re e m e n t; p ro v id e d , h o w e v e r, th a t e ith e r p a rty m a y te rm in a te this A g re e m e n t w ith o u t c a u s e by w r it t e n n o tic e g iv e n 9 0 d ay s in ad van ce o f th e com m encem ent of the fir s t such annual re n e w al p e rio d . F ro m and a fte r the T e r m of the A g re e m e n t, e ith e r p a rty m ay te rm in a te th is A g re e m e n t w ithout cause a t an y tim e upon th e g iv in g of 9 0 days p r io r w ritte n notice to the o th e r. T h is A g re e m e n t s h a ll te rm in a te im m e d ia te ly and au to m atically s h o u ld e ith e r p a rty be a d ju d ic a te d a b an kru p t o r s h a ll p etitio n fo r o r consent to any r e lie f u n d er an y b a n k ru p tc y , re o rg a n iz a tio n , re c e iv e rs h ip , liq u id atio n , co m p ro m ise o r a rra n g e m e n t o r an y m o ra to riu m s ta tu te o r s h a ll m ake an as s ig n m e n t fo r the b e n e fit o f its c re d ito rs , o r s h a ll p e titio n fo r the app oin t m en t o f a re c e iv e r , liq u id a to r, tru s te e o r custodian fo r a ll o r a s u b stan tial p a r t o f its a s s e ts o r i f a r e c e iv e r , liq u id a tio n tr u s te e o r c u s to d ia n is a p p o in ted fo r alL o r a s u b s ta n tia l p a r t o f its a s s e ts and is not d is c h a rg e d w ith in 30 days a fte r th e d ate o f such ap p o in tm en t. - 3- ITA 296 5 . P a ' t e e i n g : L a b e l i n g . C v p n u s s ;'ia ll p a c k a g e a l l P r o d u c t s s o ld to W h itta k e r u n d e r th is A g re e m e n t in 5 0 pound bags m a rk e d e x c lu s iv e ly w ith W h i t t a k e r ' s n a m e a n d trademark, and w it h th e p r o d u c t n a m e , s p e c ifica tio n s o r o th e r p ro d u ct id e n tific a tio n c u s to m a rily used by W h itta k e r o r its c u s to m e rs , and no o th e r m a rk in g s s h a ll be d isp layed th ereo n . 6 . E x p re s s W a r r a n ty , C y p ru s w a rra n ts th a t, on th e date of s h ip m e n t, a ll P ro d u c ts so ld u n d er th is A g re e m e n t s h a ll be fre e o f m a n u fa c tu rin g d e fe c ts and s h a ll m e e t th e p u b lish ed s ta n d a rd s and s p e c ifi c a tio n s o f C y p ru s fo r su ch P ro d u c ts as c u r re n tly in e ffe c t, o r in th e event th a t C y p ru s does not p u b lis h such s ta n d a rd s , s h a ll c o m p ly w ith p ub lished fe d e ra l g overn m en t stan d ard s fo r such P ro d u cts. C Y P R U S M A K E S NO, A N D H E R E B Y E X P R E S S L Y D IS C L A IM S A N Y A N D A L L , R E P R E S E N T A T IO N S A N D W A R R A N T IE S O F A N Y O T H E R K IN D , E X P R E S S O R IM P L IE D , W IT H R E S P E C T T O T H E P R O D U C T S , OR O T H E R W IS E , W H E T H E R A S TO M E R C H A N T A B IL IT Y , F IT N E S S F O R A P A R T IC U L A R P U R P O S E OR A N Y OTHER M A TTE R . 7 . N o A g e n c y , P a r tn e rs h ip , E tc . T h e p a rtie s h e re to a r e indepen d en t c o n tra c to rs and n o th in g c o n tain e d in th is A g re e m e n t s h a ll be d eem ed o r con strued to c re a te th e re la tio n s h ip of p a rtn e rs h ip o r jo in t ven tu re o r p rin c ip a l and agent o r o f any a s s o c ia tio n o r re la tio n s h ip betw een the p a rtie s o th er than th a t o f b u y e r and s e lle r . W h itta k e r and C y p ru s each ackno w led ges th a t th e y do not h ave, and n e ith e r W h itta k e r n o r C yp ru s s h a ll m ake any rep re s e n ta tio n s to a n y t h ir d p a r ty e it h e r d ir e c t ly o r in d ir e c t ly in d ic a tin g th a t it h a s , in any w a y , a u t h o r it y to a c t f o r o r on b e h a lf o f o r to o b lig a te th e o th e r in a n y w a y w h atso ever. 8 . F o rc e M a je u re . T h e p e rfo rm a n c e o f any o f th e te rm s of this A g re e m e n t by C y p ru s , in c lu d in g , but not lim ite d to , the fillin g of any o rd ers ITA 297 by C y p ru s , s h a ll be s u b je c t to an y c o n tin g e n c y beyond its c o n tro l, s im ila r o r d is s im ila r to s tr ik e s , la b o r c o n tro v e rs ie s , f ir e s , flo o d s, and acts of God o r the e le m e n ts , e m b a rg o e s , g o v e rn m e n ta l o rd e rs o r re s tric tio n s , c iv il co rn m o tio n s, d e c la re d o r u n d ec la red w a r, in a b ility to s e c u re tra n s p o rta tio n , in a b ility to o b tain n e c e s s a ry m a te r ia l o r e q u ip m e n t, fa ilu re o r d e la y in th e tra n s m is s io n o r d e liv e ry o f an y m e s s a g e d e liv e re d For tra n s m is s io n , o r in a b ility fo r any o th e r re a s o n to s u p p ly o r m ake d e liv e ry o f the P ro d u c ts . C y p ru s s h a ll not be lia b le f o r d e la y s in o r fa ilu re o f m a n u fa c tu re a n d /o r d e liv e ry due to such c a u s e s . W ith o u t lim ita tio n o f th e fo reg o in g , C yp ru s s h a ll not be lia b le fo r s p e c ia l o r co n sequ ential dam ages caused by d e la y s in o r fa ilu r e o f m a n u fa c tu re a n d /o r d e liv e r y . In th e e v e n t o f such d e la y , C y p ru s w ill e n d e a vo r to g iv e p ro m p t n o tice th e re o f to W h itta k e r and th e d ate o f d e liv e ry s h a ll be exten ded fo r a p e rio d o f tim e lost by reason of th e d ela y . 9 . U se of M a rk s o r N am es; N o n -D is c lo s u re . C yprus s h a ll not use d ir e c tly o r in d ir e c tly , in w h o le o r in p a r t , as p a r t o f its c o rp o ra te o r b usiness n a m e o r o th e rw is e in c o n n e c tio n w ith its b u s in e s s , o r in a n y o th e r w a y w h a t s o e v e r , W h itt a k e r 's n a m e o r an y o th e r t r a d e n a m e o r t r a d e m a r k th a t is o w n e d or u s e d b y W h i t t a k e r ; p r o v i d e d , h o w e v e r , t h a t n o th in g h e r e i n s h a ll p ro h ib it C y p ru s fro m p la c in g th e n am e and tra d e m a rk s o f W h itta k e r on the P ro d u c ts as h e re in b e fo re in P a ra g ra p h 5 a g re e d ; p ro v id e d , F u rth e r, th a t W h itta k e r s h a ll in d e m n ify and hold C y p ru s h a rm le s s fro m a ll lo s s , dam age o r lia b ility fo r o r by re a s o n o f, an y a c tu a l o r a lle g e d in frin g e m e n t o f any U nited S tates patent o r tra d e m a rk a ris in g out of the use of such tra d e nam es o r tra d e m a rk s of W h itta k e r on o r w ith re s p e c t to th e P ro d u c ts . 1 0 . N o tic e s A n y n o tice s to be g iven by e ith e r p a rty to th e o th e r h e re u n d e r s h a ll be g iven in w r it in g , s h a ll be s en t by re g is te re d m a il, postage p re p a i d , o r , a t t h e o p tio n oF th e p e r s o n g iv in g s u c h n o t i c e , b y p r e p a id c a b le o r te le x . N o tic e s so g iven s h a ll be d ee m e d to have been re c e iv e d by the ad d ressee ITA 298 on th e Fourth (4 th ) b usiness d ay a fte r m a ilin g , o r w ith re s p e c t to cables o r te le x e s on th e b u s in e s s d ay n e x t o c c u rr in g a ft e r such c a b le o r te le x is d is p a t c h e d . N o t ic e s s h a l l be a d d r e s s e d t o t h e r e s p e c t i v e p a r t i e s a t tine fo llo w in g ad d resses o r to such o th er add resses as e ith e r p a rty m ay h ere a fte r From tim e to tim e d esig n ate in w r itin g to th e o th e r p a rty For the r e c e p t i o n oF n o t ic e s : : If to C yprus: Cyprus G eoresearch Com pany 555 South F lo w e r S tre e t Los A n g e le s , C a lifo rn ia 90071 A tte n tio n : M r . L o u is D . M u rin o If to W h itta k e r: W h itta k e r, C la rk & D a n ie ls , In c. 1000 C o o lid g e S tre e t South P la in fie ld , New J e rs e y 07080 A tten tio n : M r . F . R oesch 11 . M i s c e l l a n e o u s P r o v i s i o n s . (a ) G o v e rn m e n t R u les and R eg u la tio n s . C o m p lia n c e w ith the te rm s oF t h i s A g r e e m e n t s h a l l b e s u b j e c t t o a l l a p p l i c a b l e L aw s , s t a t u t e s , r u le s and re g u la tio n s o f th e U n ited S ta te s G o v e rn m e n t. ( b) C h o ice of L a w . T h is A g re e m e n t s h a ll be deem ed to have been m a d e in the S tate o f C a lifo r n ia , U n ite d S ta te s o f A m e r ic a and s h a ll, For a ll p u rp o s e s , be g o v e rn e d by and c o n stru ed u n d er th e law s th e re o F . A n y c o u rt a c tio n o r p ro c e e d in g o f an y n a tu re w h a ts o e v e r , in law o r in e q u ity , fo r dam ages o r o th e rw is e , to e n fo rc e , d ire c tly o r in d ire c tly , o r to construe any p ro v is io n of th is A g re e m e n t, in c lu d in g , w ith o u t lim ita tio n , any te rm in a tio n p r o v i s i o n , s h a L l b e i n s t i t u t e d o n ly in th e c o u r t s o f th e S t a t e oF C a liF o r n ia o r a n y p o litic a l s u b d iv is io n th e re o F ( o r o f th e U n ite d S ta te s s ittin g in th e S ta te o f C a liF o r n ia ) a n d o n ly s u c h c o u rts s h a ll h a v e ju r is d ic t io n oF a n y s u c h a c tio n o r p ro ceed in g s. ITA 299 (c ) A s s ig n m e n t. T h is A g re e m e n t m ay not be assig n ed by e ith e r p a r t y w ith o u t th e e x p r e s s w ritte n , c o n s e n t or this o t h e r p a r t y h e r e to and m a y be assig n ed o n ly s u b je c t to the con dition th a t th e a s s ig n ee s h a ll a g re e to fu lly assu m e th e p e rfo rm a n c e of the o b lig atio n s of the a s s ig n o r h e re u n d e r. (d ) E n tir e A g re e m e n t, No W a iv e r . I his A g re e m e n t co n s titu te s the e n tire u n d ers ta n d in g betw een the p a rtie s h e re to and s u p e rs e d e s any p revious a g re e m e n ts o r u n d e rs ta n d in g s w h ich m a y have e x is te d b etw een th e p an ties h e re to . N e ith e r p a rty has re lie d upon any re p re s e n ta tio n o r p ro m is e by the o th e r p a r ty not s p e c if ic a lly s e t Forth h e r e in . T h is A g re e m e n t s h a ll not be m o d ifie d o r a lte r e d in any re s p e c t u n less in a w ritin g s u b s e q u e n tly s u b s c rib ed by both p a r tie s . N o a c q u ie s c e n s e in o r w a iv e r o f, any b re a c h o r m o d ific a tio n o f any t e r m , c o v e n an t o r con dition s h a ll be c o n s tru e d as an acqu iescen se o r w a iv e r in r e g a rd to a n y s u c c e e d in g b re a c h o r m o d ific a tio n . No a c tio n , d ela y o r o m issio n done, s u ffe re d o r p e rm itte d by e ith e r p a rty s h a ll be deem ed to exhau st o r im p a ir any rig h t, re m e d y o r p o w e r o f such p a rty doing, coo peratin g or. p e rm ittin g such a c t, d ela y o r o m is s io n . (e ) C a p tio n s . T h e captions of p a ra g ra p h s and s u b p a ra g rap h s of th is A g re e m e n t a re fo r c o n ven ien ce o nly and a re not a p a rt o f th is A g re e m e n t and do not in a n y w a y lim i t o r a m p lify th e te r m s o f th is A g r e e m e n t. IN W IT N E S S W H E R E O F , th e p a rtie s h ave h e re u n to caused th is A g re e m e n t to be execu ted as of th is day and y e a r firs t above w ritte n . CYPRUS GEORESEARCH COMPANY is? rs / ^ e ess>&sSs- W H IT T A K E R , C L A R K & D A N IE L S , IN C . ITA 300 Schedule I ad ! T'i'AK E R , CLARK , PnN rp.r.S , INC. Pa >iil il'T NAME .A'li -id09 ..'CP /I(t.13 ..`CP 4b 28 ' ' i15 A . G . 1 . ! b .! i A . G . 1> ' P 2I A .G . I. ..'CP A b2 2 PRODUCT LIST CYPRUS GEORESEARCH COMPANY PRODUCT AME *MONOBLEND *MONSPAN *OLYMPIC *SUPRA *SUPRA-EF *SUPRAPIO SPANTAL ' PRODUCT SPECIFICATIONS 60% IMontana/40% Italian 75% :Spanish/25% Montana 100% Montana 10 0% Italian 100% Italian 100% Italian 100% Spanish Roller Mill 98/200 W.T. Roller Mill 98/200 W.T. Roller Mill 98/200 W.T. Roller Mill 98/200 W.T. Roller Mill 99.2/200 W.T. Vertical Mill 15-19 lbs/ft3 Vertical Mill 3-4 Hegman (Industrial Grade) A*WCP 1.JJ-dCP * *WC> 12 7-USP A*WC.'D 1I4-USP 'C'-WCP 141-USP VAWCP 5141-USP *ALTALC 200 *ALTALO 300 *ALTALO 325 *ALTALO 400 *ALTALC 500 100% Montana - Treated 100% Montana - Treated 100% Montana - Treated 100% Montana - Treated 100% Montana - Treated Roller Mill 98/200 W.T. Vertical Mill 98/325 W.T. Vertical Mill 99/325 W.T. Vertical Mill 99.9/400 W.T. Vertical Mill 99.9% Finer than 15 Microns V1F- ua Led to control microorganisms. mee t U.S.P. specifications. w o