Apple 2003 Annual Report Download - page 101
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Services ordered by Authorized Purchasers or Designees and accepted by IBM hereunder becomes constrained [**] IBM may reduce the
quantities of Products and / or Services to be supplied to Authorized Purchasers or Designees [**].
4.4 If IBM or its Plant foresees any delivery delay with respect to an accepted Purchase Order, IBM will provide prompt notice to Apple
and, if the Purchase Order was placed by someone other than Apple, to the Authorized Purchaser or Designee who placed the Purchase Order.
Apple and IBM will then discuss likely shipment recovery plans, and if they are unable to do so to Apple’s satisfaction, the parties will
immediately escalate the issue to the IBM and Apple executives designated for such purpose pursuant to Section 21.2 and the parties will use
reasonable efforts to promptly resolve the delay. [**]
5.0 CANCELLATION AND RESCHEDULING
5.1 Cancellation. Authorized Purchasers and Designees may cancel accepted Purchase Orders for Products for their convenience at any
time, provided they pay IBM or its Plant applicable cancellation charges as set forth in this Section 5.1.
5.1.1 Exhibit 4 Products. Authorized Purchasers and Designees may cancel Purchase Orders for Exhibit 4 Products (and any
other ASIC Product that the parties may agree to treat in a similar manner) without charge, provided they give IBM written notice [**]
days prior to the original Scheduled Shipment Date. If the Authorized Purchaser or Designee provides IBM written notice canceling a
Purchase Order for such Products [**] days prior to the original Scheduled Shipment Date, the Authorized Purchaser or Designee will
pay IBM [**] of the purchase price of the Products ordered. Promptly after receiving notice canceling a Purchase Order for Exhibit 4
Products, IBM will provide Apple and the Authorized Purchaser or Designee who placed the Purchase Order written notice of any
applicable cancellation charges. The Authorized Purchaser or Designee will promptly after receiving IBM’s notice, issue a Purchase
Order to IBM for such charges, and IBM will invoice the same upon receipt. Neither Apple nor the Authorized Purchaser will be
liable for any other fees or costs not expressly set forth in this Section when canceling a Purchaser Order for Exhibit 4 Products.
5.1.2 Other Products. If the Authorized Purchaser or Designee provides IBM written notice canceling a Purchase Order for any
other Product, the party canceling the Purchase
[**] = information redacted pursuant to a confidential treatment request. Such omitted information has been filed separately with the Securities
and Exchange Commission.