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SUNPOWER CORP : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)

03/03/2021 | 04:10pm

Item 1.01. Entry into a Material Definitive Agreement.

On February 25, 2021, SunPower Corporation (the "Company") entered into a First
Amendment to Supply Agreement (the "Amendment") with Maxeon Solar Technologies,
Ltd., a Singapore public company limited by shares ("Maxeon Solar"). The
Amendment amends the Supply Agreement by and between the Company and Maxeon
Solar, dated August 26, 2020, pursuant to which the Company agreed to purchase
from Maxeon Solar, and Maxeon Solar agreed to sell to the Company, certain
products for use in residential and commercial solar applications in designated
territories. The Amendment provides, in relevant part, for certain adjustments
to the scope of product offerings, agreed minimum quarterly commitments and
pricing, exclusivity, and product warranty terms.

The foregoing description of the Amendment is not a complete description of all
terms of the Amendment and is qualified in its entirety by reference to the full
text of the Amendment, a copy of which is filed as an exhibit to this current
report on Form 8-K and incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description
10.1 First Amendment to Supply Agreement, dated February 25, 2021, by and between
SunPower Corporation and Maxeon Solar Technologies, Ltd.


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