Concluding a reference contract
Current report no.
The Board of TIM S.A. with its registered seat in Wrocław informs that on 10.04.2015 the Company received a copy of a signed Annexe No. 1 to the Framework Agreement with a trade partner concluded by and between TIM S.A. and Eaton Electric Sp. z o.o. with its registered seat in Gdańsk, as of 27.03.2015.
The Board of TIM S.A. made the information regarding the conclusion of the above-mentioned Framework Agreement public in the Current Report No. 1/2015 of 09.01.2015.
The Subject of the above-mentioned Framework Agreement is setting general rules of cooperation within the scope of sale by Eaton Electric Sp. z o.o. to TIM S.A. electrotechnical materials for 2015.
The above-mentioned Agreement is a framework agreement which means that every time the basis for its execution is orders for goods placed by TIM S.A., specifying, among others: goods, quantity, and the delivery time.
The value of the above-mentioned Agreement shall be estimated as exceeding 10% of equity capital of TIM S.A.
The provisions of the above-mentioned Agreement do not diverge from the market standards of this type of contracts. The Agreement does not include the condition or a term of suspension; does not provide for contractual penalties which maximum value could exceed 10% of its value and it was concluded on the basis of terms and conditions commonly applied in this type of contracts.
SIGNATURES OF PERSONS REPRESENTING THE COMPANY
2015-04-10, Artur Piekarczyk – Member of the Board