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Kornit Digital Ltd. – ‘20-F’ for 12/31/19 – ‘EX-4.11.2’

On:  Monday, 3/23/20, at 4:07pm ET   ·   For:  12/31/19   ·   Accession #:  1213900-20-7110   ·   File #:  1-36903

Previous ‘20-F’:  ‘20-F’ on 3/26/19 for 12/31/18   ·   Next:  ‘20-F’ on 3/25/21 for 12/31/20   ·   Latest:  ‘20-F’ on 3/28/24 for 12/31/23   ·   9 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/23/20  Kornit Digital Ltd.               20-F       12/31/19  109:9.4M                                   Edgar Agents LLC/FA

Annual Report by a Foreign Non-Canadian Issuer   —   Form 20-F   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual Report by a Foreign Non-Canadian Issuer      HTML   1.66M 
 2: EX-2.2      Description of Ordinary Shares of Kornit Digital    HTML     62K 
                Ltd                                                              
 3: EX-4.11.2   Amendment 1 to Master Purchase Agreement,           HTML     40K 
                Effective March 1, 2017, Between the Registrant                  
                and Amazon Corporate LLC                                         
 4: EX-4.11.3   Amendment 2 to Master Purchase Agreement,           HTML     55K 
                Effective January 1, 2018, Between the Registrant                
                and Amazon Corporate LLC                                         
 5: EX-4.11.4   Amendment 3 to Master Purchase Agreement,           HTML     34K 
                Effective June 29, 2018, Between the Registrant                  
                and Amazon Corporate LLC                                         
 6: EX-4.16     Manufacturing Services Agreement, Dated as of       HTML    195K 
                February 26, 2019, by and Between the Registrant                 
                and Sanmina-Sci Israel Medical Systems Ltd                       
 7: EX-8.1      List of Subsidiaries of the Registrant              HTML     30K 
10: EX-13.1     Annual or Quarterly Report to Security Holders      HTML     33K 
 8: EX-12.1     Statement re: Computation of Ratios                 HTML     35K 
 9: EX-12.2     Statement re: Computation of Ratios                 HTML     35K 
11: EX-15.1     Consent of Kost Forer Gabbay & Kasierer, A Member   HTML     31K 
                Firm of Ernst & Young Global, An Independent                     
                Registered Public Accounting Firm                                
30: R1          Document And Entity Information                     HTML     95K 
70: R2          Consolidated Balance Sheets                         HTML    136K 
102: R3          Consolidated Balance Sheets (Parentheticals)        HTML     39K  
42: R4          Consolidated Statements of Operations               HTML     89K 
28: R5          Consolidated Statements of Comprehensive Income     HTML     69K 
                (Loss)                                                           
68: R6          Consolidated Statements of Comprehensive Income     HTML     34K 
                (Loss) (Parentheticals)                                          
100: R7          Statements of Shareholders' Equity                  HTML     81K  
45: R8          Statements of Shareholders' Equity                  HTML     31K 
                (Parentheticals)                                                 
26: R9          Consolidated Statements of Cash Flows               HTML    147K 
33: R10         General                                             HTML     37K 
46: R11         Significant Accounting Policies                     HTML    146K 
96: R12         Acquisition                                         HTML     41K 
64: R13         Fair Value Measurements                             HTML     91K 
34: R14         Inventories                                         HTML     36K 
47: R15         Property, Plant and Equipment, Net                  HTML     41K 
97: R16         Intangible Assets, Net                              HTML     48K 
65: R17         Other Payables and Accrued Expenses                 HTML     37K 
32: R18         Commitments and Contingent Liabilities              HTML     39K 
48: R19         Shareholders' Equity                                HTML     76K 
93: R20         Earnings (Losses) Per Share                         HTML     42K 
85: R21         Accumulated Other Comprehensive Income (Loss)       HTML     41K 
22: R22         Leases                                              HTML     43K 
62: R23         Taxes on Income                                     HTML     96K 
94: R24         Geographic Information                              HTML     41K 
86: R25         Selected Statements of Operations Data              HTML     46K 
23: R26         Balances and Transactions with Related Parties      HTML     38K 
63: R27         Subsequent Event                                    HTML     34K 
95: R28         Accounting Policies, by Policy (Policies)           HTML    229K 
84: R29         Significant Accounting Policies (Tables)            HTML     72K 
69: R30         Acquisition (Tables)                                HTML     38K 
101: R31         Fair Value Measurements (Tables)                    HTML     93K  
44: R32         Inventories (Tables)                                HTML     38K 
31: R33         Property, Plant and Equipment, Net (Tables)         HTML     39K 
67: R34         Intangible Assets, Net (Tables)                     HTML     49K 
99: R35         Other Payables and Accrued Expenses (Tables)        HTML     37K 
43: R36         Shareholders' Equity (Tables)                       HTML     72K 
29: R37         Earnings (Losses) Per Share (Tables)                HTML     42K 
71: R38         Accumulated Other Comprehensive Income (Loss)       HTML     41K 
                (Tables)                                                         
98: R39         Leases (Tables)                                     HTML     45K 
80: R40         Taxes on Income (Tables)                            HTML     87K 
90: R41         Geographic Information (Tables)                     HTML     42K 
61: R42         Selected Statements of Operations Data (Tables)     HTML     44K 
21: R43         General (Details)                                   HTML     39K 
79: R44         Significant Accounting Policies (Details)           HTML     62K 
89: R45         Significant Accounting Policies (Details) -         HTML     50K 
                Schedule of property and equipment on                            
                straight-line basis over useful life of assets                   
60: R46         Significant Accounting Policies (Details) -         HTML     44K 
                Schedule of disaggregated by revenue source                      
20: R47         Significant Accounting Policies (Details) -         HTML     44K 
                Schedule of revenue disaggregated by geography                   
                based on customer location                                       
81: R48         Significant Accounting Policies (Details) -         HTML     40K 
                Schedule of remaining performance obligations in                 
                future periods                                                   
87: R49         Significant Accounting Policies (Details) -         HTML     39K 
                Schedule of changes in liability for product                     
                warranty                                                         
103: R50         Significant Accounting Policies (Details) -         HTML     44K  
                Schedule of fair value method for its stock                      
                options awards assumption                                        
73: R51         Significant Accounting Policies (Details) -         HTML     34K 
                Schedule of derivative instruments notional                      
                amounts                                                          
40: R52         Acquisition (Details)                               HTML     36K 
55: R53         Acquisition (Details) - Schedule of purchase price  HTML     43K 
                allocation for the acquisition has been determined               
104: R54         Fair Value Measurements (Details) - Schedule of     HTML     58K  
                available-for-sale marketable securities current                 
74: R55         Fair Value Measurements (Details) - Schedule of     HTML     57K 
                investments unrealized losses                                    
41: R56         Fair Value Measurements (Details) - Schedule of     HTML     52K 
                fair value measurement                                           
56: R57         Inventories (Details)                               HTML     33K 
105: R58         Inventories (Details) - Schedule of inventories     HTML     39K  
72: R59         Property, Plant and Equipment, Net (Details)        HTML     35K 
18: R60         Property, Plant and Equipment, Net (Details) -      HTML     52K 
                Schedule of property, plant and equipment, net                   
57: R61         Intangible Assets, Net (Details)                    HTML     34K 
91: R62         Intangible Assets, Net (Details) - Schedule of      HTML     58K 
                intangible assets                                                
82: R63         Intangible Assets, Net (Details) - Schedule of      HTML     45K 
                future amortization expenses                                     
19: R64         Other Payables and Accrued Expenses (Details) -     HTML     48K 
                Schedule of other payable and accrued expenses                   
58: R65         Commitments and Contingent Liabilities (Details)    HTML     49K 
92: R66         Shareholders' Equity (Details)                      HTML     88K 
83: R67         Shareholders' Equity (Details) - Schedule of share  HTML     73K 
                option activity                                                  
17: R68         Shareholders' Equity (Details) - Schedule of        HTML     88K 
                options outstanding classified by exercise price                 
59: R69         Shareholders' Equity (Details) - Schedule of RSUs   HTML     39K 
                activity                                                         
54: R70         Shareholders' Equity (Details) - Schedule of        HTML     47K 
                share-based compensation expense included in the                 
                consolidated statements of operations                            
38: R71         Earnings (Losses) Per Share (Details) - Schedule    HTML     60K 
                of computation of basic and diluted net earnings                 
                (losses) per share                                               
78: R72         Accumulated Other Comprehensive Income (Loss)       HTML     56K 
                (Details) - Schedule of changes in accumulated                   
                balances of other comprehensive income (Loss)                    
109: R73         Leases (Details)                                    HTML     35K  
51: R74         Leases (Details) - Schedule of components of lease  HTML     37K 
                expense                                                          
35: R75         Leases (Details) - Schedule of weighted-average     HTML     36K 
                remaining lease term and discount rate                           
75: R76         Leases (Details) - Schedule of maturities of        HTML     47K 
                operating lease liabilities                                      
106: R77         Taxes on Income (Details)                           HTML     70K  
50: R78         Taxes on Income (Details) - Schedule of deferred    HTML     50K 
                tax liabilities and assets                                       
39: R79         Taxes on Income (Details) - Schedule of income      HTML     40K 
                (loss) before income taxes                                       
53: R80         Taxes on Income (Details) - Schedule of taxes on    HTML     44K 
                income                                                           
37: R81         Taxes on Income (Details) - Schedule of taxes on    HTML     54K 
                income domestic taxes                                            
77: R82         Taxes on Income (Details) - Schedule of             HTML     42K 
                unrecognized tax benefits                                        
108: R83         Taxes on Income (Details) - Schedule of statutory   HTML     64K  
                tax rate                                                         
52: R84         Geographic Information (Details)                    HTML     38K 
36: R85         Geographic Information (Details) - Schedule of      HTML     42K 
                long-lived assets by geographical region                         
76: R86         Geographic Information (Details) - Schedule of      HTML     39K 
                revenue by major distributors                                    
107: R87         Selected Statements of Operations Data (Details) -  HTML     56K  
                Summary of financial income                                      
49: R88         Balances and Transactions with Related Parties      HTML     39K 
                (Details)                                                        
25: XML         IDEA XML File -- Filing Summary                      XML    203K 
88: XML         XBRL Instance -- f20f2019_kornitdigi_htm             XML   1.66M 
24: EXCEL       IDEA Workbook of Financial Reports                  XLSX    113K 
13: EX-101.CAL  XBRL Calculations -- krnt-20191231_cal               XML    177K 
14: EX-101.DEF  XBRL Definitions -- krnt-20191231_def                XML    917K 
15: EX-101.LAB  XBRL Labels -- krnt-20191231_lab                     XML   1.75M 
16: EX-101.PRE  XBRL Presentations -- krnt-20191231_pre              XML    909K 
12: EX-101.SCH  XBRL Schema -- krnt-20191231                         XSD    265K 
66: JSON        XBRL Instance as JSON Data -- MetaLinks              416±   608K 
27: ZIP         XBRL Zipped Folder -- 0001213900-20-007110-xbrl      Zip    606K 


‘EX-4.11.2’   —   Amendment 1 to Master Purchase Agreement, Effective March 1, 2017, Between the Registrant and Amazon Corporate LLC


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



Exhibit 4.11.2

 

[***] Certain identified information in this Amendment 1 to Master Purchase Agreement has been excluded because it is both (i) not material, and (ii) would be competitively harmful if publicly disclosed.

 

AMENDMENT 1 TO MASTER PURCHASE AGREEMENT

 

Komit Digital Ltd. (“Supplier”) and Amazon Corporate LLC and its affiliates (“Amazon”) entered into a Master Purchase Agreement effective May 1. 2016 (as modified, supplemented or amended, the “Agreement”). Supplier and Amazon now enter into this Amendment to the Agreement (the “Amendment”), effective as of March 1. 2017. This Amendment is made a part of the Agreement. All capitalized terms not defined in this Amendment have the meanings set forth in the Agreement.

 

The parties agree as follows:

 

1.The “Printers” Section of Schedule 1 (Pricing) of the Agreement is replaced in its entirety with the following:

 

Printers

 

Purchase Price

 

Over any [***] period starting on May 1.2016 or its anniversary (each, a “Printer Measurement Period”). Purchaser must purchase printers from Supplier for:

 

Number of Printers Ordered by Purchaser during Applicable Printer Measurement Period   Cost per AV-1000 printer   Cost per AV-1000 R-Series printer
[***]   [***]   [***]
[***]   [***]   [***]

 

Rebate Terms

 

Upon Purchaser’s placement of an order which would result in [***] printers having been invoiced or ordered for immediate shipment within a Printer Measurement Period, a rebate equal to [***] of the total cost of the [***] printers (the “Printer Volume Rebate”) will be applied to the order. If the total amount of the order is less than the Printer Volume Rebate, then Supplier will credit any remainder of the Printer Volume Rebate against any Purchaser accounts receivable outstanding at the time of the order. If after such credit is applied any portion of the Printer Volume Rebate remains, Supplier will remit payment of such remainder to Amazon within 30 days of the applicable order.

 

Shipping

 

[***]. Shipping costs to Purchaser-designated locations in the United States shall not exceed (“Max Printer Shipping Charge”):

 

    Via Sea Freight – [***] per printer Product unit

    Via Air Freight - [***] per printer Product unit

■     

 

The Max Printer Shipping Charge for shipping to locations outside of the United States will be agreed upon by the parties prior to shipment.

 

The parties will discuss the Max Printer Shipping Charge at least once a year and may adjust the Max Printer Shipping Charge by mutual written agreement. The Max Printer Shipping Charge may be exceeded only if agreed to by [***] prior to shipment.

 

2.The provisions of this Amendment will control over any inconsistent provision of the Agreement. The Agreement will remain in full force and effect.

 

3.This Amendment may be executed by facsimile or electronic scan and in counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument.

 

By signature below, the duly authorized representatives of the parties agree to the terms and conditions of this Amendment.

 

 C: 

 

 

 

SUPPLIER:   AMAZON:
     
Kornit Digital, Ltd.   Amazon Corporate LLC
         
By: /s/ Guy Avidan   By: /s/ Young Lee
Name: Guy Avidan   Name: Young Lee
Title: CFO   Title: VP, Business Development
Date Signed: March 27, 2017   Date Signed: April 6, 2017

 

By: /s/ Gabi Seligsohn  
Name: Gabi Seligsohn  
Title: CEO  
Date Signed: April 6, 2017  

 

AMAZON CONFIDENTIAL

 

 

 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘20-F’ Filing    Date    Other Filings
Filed on:3/23/20S-8
For Period end:12/31/19SD
4/6/17
3/27/17
 List all Filings 


9 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/28/24  Kornit Digital Ltd.               20-F       12/31/23  104:9.9M                                   EdgarAgents LLC/FA
 3/30/23  Kornit Digital Ltd.               20-F       12/31/22  106:9.8M                                   EdgarAgents LLC/FA
 3/30/22  Kornit Digital Ltd.               20-F       12/31/21  103:9.4M                                   EdgarAgents LLC/FA
11/19/21  Kornit Digital Ltd.               424B5                  1:966K                                   EdgarAgents LLC/FA
11/16/21  Kornit Digital Ltd.               424B5                  1:938K                                   EdgarAgents LLC/FA
 3/25/21  Kornit Digital Ltd.               20-F       12/31/20  107:9.9M                                   EdgarAgents LLC/FA
 9/17/20  Kornit Digital Ltd.               424B5                  1:948K                                   EdgarAgents LLC/FA
 9/14/20  Kornit Digital Ltd.               424B5                  1:923K                                   EdgarAgents LLC/FA
 9/14/20  Kornit Digital Ltd.               F-3ASR      9/14/20    3:526K                                   EdgarAgents LLC/FA
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Filing Submission 0001213900-20-007110   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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