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EXHIBIT 10.20
EXTENSION OF MANAGEMENT SERVICES AGREEMENT
This Extension of the Management Services Agreement (this "Extension")
is executed as of the 29th day of September, 2000 by and between Cabot
Corporation, a Delaware corporation ("Cabot"), and Cabot Microelectronics
Corporation, a Delaware corporation ("CMC"), and extends the term for certain
services to be provided pursuant to the Management Services Agreement (the
"Services Agreement"), dated March 28, 2000, by and between Cabot and CMC.
WHEREAS, Cabot has been providing certain administrative, financial,
management and other services to CMC pursuant to the Services Agreement;
WHEREAS, Cabot and CMC wish for certain of those services to continue
beyond September 29, 2000 (the "Distribution Date") ;
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Cabot and CMC, hereby agree as
follows:
1. Pursuant to Section 5.01(a) of the Services Agreement, the services
set forth in Schedule I hereto (the "Extended Services") shall continue
to be provided by Cabot and purchased by CMC in accordance with the
terms of the Services Agreement. Except for the Extended Services,
Cabot shall be under no obligation to provide and CMC shall be under no
obligation to purchase any other Services (as defined in the Services
Agreement) after the Distribution Date.
2. Subject to the terms of the Services Agreement, Cabot shall
continue to provide the SH&E Extended Services (described in Schedule
I) and CMC shall continue to purchase the SH&E Extended Services until
March 30, 2001, and Cabot shall provide the Information Technology
Extended Services (described in Schedule I) and CMC shall continue to
purchase the Information Technology Extended Services for the period
set forth in the description of the IT Extended Services, but in no
event beyond December 31, 2001.
3. Notwithstanding Section 1 above, in the event the Information
Technology Extended Services require more Cabot resources than
generally had been provided prior to March 30, 2001, Cabot shall have
the right to charge a reasonable profit for such services performed
after March 30, 2001. If CMC does not agree to such charges, then it
may terminate for convenience such services without liability after
March 30, 2001, upon 30 days written notice to Cabot.
4. Except for the extension of the time in which the Extended Services
shall be performed and Cabot's right to charge a profit for the
Information Technology Extended Services, as set forth in Section 3
above, nothing herein shall amend the terms of the Services Agreement.
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IN WITNESS WHEREOF, the parties have caused this Agreement to be signed
by their duly authorized representatives.
CABOT CORPORATION
By:
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Name:
Title:
CABOT MICROELECTRONICS CORPORATION
By:
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Name:
Title:
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SCHEDULE I
EXTENDED SERVICES
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SERVICE DESCRIPTION
AREA
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SH&E Product Stewardship: Cabot will assist CMC in identifying and
using appropriate third party resources necessary for CMC to
make product regulatory status determinations, make necessary
product notifications and product registrations, and make
toxicological determinations. In addition, at the request of
CMC, Cabot will provide historic information regarding product
regulatory status determinations, product notifications and
product registrations, and toxicological determinations.
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Information As set forth in Exhibit A hereto.
Technology
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