[***] Represents material information
which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to
Rule 24b-2 of the Securities Exchange Act of 1934, as amended.


 


PURCHASE ORDER - TERMS AND CONDITIONS


1. CONTRACT.


(a) Each purchase order and purchase order
revision (the “Order”) issued by GreenTech Automotive, Inc. (“Buyer”) is an offer to the Vendor named
on the previous page (“Vendor” and together the “Parties”) for the purchase of goods and/or services offered
by Vendor, and includes and is governed by the express terms contained on the face of this Order, these Purchase Order - Terms
and Conditions, the terms contained in any addendum or supplement to this Order issued by Buyer and accepted by Vendor and any
Release provided pursuant to Section 1(b) below (collectively, the “Terms”). Written acceptance of this Order by Vendor
solely constitutes an acceptance by Buyer for the goods and products offered by Vendor subject to this Order (the “Goods”)
or of the services offered by Vendor subject to Vendor’s quote and this Order (the “Services”). Any acceptance
of this Order is limited to and conditional upon Vendor’s acceptance of the Terms. Any proposal for additional or different
terms or any attempt by Vendor or Buyer to vary any of the Terms, whether in Vendor’s or Buyer’s quotation form, acknowledgement
form, invoice, correspondence or otherwise, shall be deemed material and is hereby objected to and rejected, but any such proposal
or attempted variance shall not operate as a rejection of this Order if Vendor accepts Buyer’s offer by commencement of
work, shipment of the Goods or performance of the Services, or by other means acceptable to Buyer, in which case this Order shall
be deemed accepted by Vendor without any additional or different terms or variations whatsoever. This Order does constitute an
acceptance of any prior offer or proposal by Vendor, and any reference in this Order to any such prior offer or proposal (including
any quotation issued by Vendor whether or not such quotation purports to contain Vendor’s terms of sale, if any) is solely
to incorporate the description or specifications of the Goods and/or Services contained in such offer or proposal, but only to
the extent that such description or specifications are not directly in conflict with the description and specifications contained
in this Order. If this Order is found to be an acceptance of any prior offer or proposal by Vendor, such acceptance shall be limited
to the Terms. Any additional or different terms in such prior offer or proposal shall be deemed material and are hereby objected
to and rejected by Buyer. Buyer may cancel all or any part of this Order at any time prior to acceptance by Vendor.


 


(b) If an Order is placed by blanket purchase
order, such blanket purchase order (a “Blanket Purchaser Order”) shall: (i) state on its face that it is a Blanket
Purchase Order, (ii) identify an amount of time for fulfillment of the Blanket Purchase Order (the “Timeframe”), (iii)
identify the quantity or quantities of Goods or Services that Buyer may purchase during such Timeframe (the “Blanket Quantity”),
and (iv) identify the price(s) for such Blanket Quantity. Such Blanket Purchase Order may also give a specific delivery date for
all or a portion of the Blanket Quantity. From time to time, the Buyer shall provide the Vendor a written notice (each, a “Release”)
stating, (i) an amount of the Blanket Quantity to be delivered to Buyer, and (ii) the delivery location of such portion of the
Blanket Quantity. In addition to the other termination rights afforded the Buyer under this Purchase Order – Terms and Conditions,
Buyer shall have the right to terminate all or a portion of the Blanket Purchase Order pursuant to Section 16(a) and shall only
be liable for the amounts set forth in Section 16(d).


 



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(c) This Order contains the entire agreement
between Buyer and Vendor and, except as otherwise expressly stated in this Order, supersedes all prior agreements, orders, quotations,
proposals and other communications relating to the subject matter hereof, and there are no other understandings or agreements,
verbal or otherwise, in relation hereto that exist between Buyer and Vendor. Notwithstanding the foregoing, any non-disclosure,
noncompetition, non-solicitation or other similar restrictions in any prior agreements shall not be affected by the Terms or this
Order.


 


(d) In the event of any conflict or inconsistency
between the express terms contained on the face of this Order and these Purchase Order - Terms and Conditions, the express terms
on the face of this Order shall govern.


 


2. QUALITY ASSURANCE. At the time of delivery,
all articles, materials and work furnished, as applicable, shall be of good quality and free from any defects, and shall at all
times be subject to inspection by Buyer and any applicable governmental authority or regulatory body (collectively, “Regulator”);
but neither Buyer’s nor Regulator’s inspection, nor failure to inspect, shall relieve Vendor of any obligation hereunder.
If in Buyer’s or Regulator’s opinion, any article, material or work fails to conform to specifications or is otherwise
defective, Buyers sole recourse shall be through Vendor’s Warranty. No acceptance or payment by Buyer shall constitute a
waiver of the foregoing; and nothing herein shall exclude or limit any warranties provided by law.


 


3. CUSTOMER REQUIREMENTS.


(a) Vendor acknowledges that the Goods
and/or Services under this Order may be sold, or incorporated into products or services that may be sold or leased, by Buyer as
or to an original equipment manufacturer of motor vehicles, whether directly or indirectly, to an upper tier supplier or any other
third party customer (collectively, the “Customer”). Vendor is not responsible for such changed warranty to the Customer
unless such is explicit in the Order and Buyer provides copy of specific terms or obligations. Vendor shall take reasonable steps
to comply with such requirements and do all other things as Buyer deems necessary or desirable and within Vendor’s control
without additional expense to Vendor, to enable Buyer to meet Buyer’s obligations under the terms and conditions of the
Customer Warranty and any contract, purchase order or other document related thereto (the “Customer Terms”), including:
delivery, packaging and labeling requirements; warranties and warranty periods; intellectual property rights and indemnification;
confidentiality; access to facilities and records; ensuring the Goods when sold to the Customer comply with any specification
set forth; and replacement and service parts; provided however that Vendor acknowledges that the Goods shall be sold or leased
by the Buyer to customers in the European Union so shall comply with any legal requirements relating thereto.


 



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(b) Subject to Buyer’s and Vendor’s
acceptance of Customer Terms as set forth in Section 3(a), if there is any conflict or inconsistency between the provisions of
the Customer Terms and any provision of this Order, Buyer shall have the right to have the provisions of the Customer Terms prevail
to the extent necessary or desirable to resolve such conflict or inconsistency as long as Vendor has agreed and at Buyer’s
expense.


 


(c) If the Customer directed, recommended
or requested that Vendor be the source from whom Buyer is to obtain the Goods and/or Services and Customer and Vendor have a formal
agreement relating to the Order: [***]


 


4. TAXES. Unless otherwise provided herein
or by law, Vendor shall pay all sales, use, excise, port fees and other taxes, charges, and contributions now or hereafter imposed
on, or with respect to, or measured by the articles, materials or work furnished or the compensation paid to, persons employed
in connection with performance hereunder; and Vendor shall release, indemnify, defend and hold Buyer harmless against any liability
and expense by reason of Vendor’s failure to pay same.


 


5. DELIVERY DELAYS, SHIPPING AND DUTIES/TAXES.


(a) Other than by reason of an excusable
delay (as defined in Section 5(b)), if after accepting this Order pursuant to Section 1 Vendor fails or refuses to proceed with
this Order or fails to deliver the Goods and/or perform the Services within the delivery date(s) and time(s) specified in this
Order or any applicable Release (in any such case, a “delay”), Buyer may, without liability to Vendor and without
limiting or affecting Buyer’s other rights or remedies available hereunder or at law: (i) cancel the then remaining balance
of this Order; or (ii) direct expedited shipment and/or incur premium freight or special transportation costs, and Vendor shall
pay, upon demand, all excess costs incurred thereby, including additional handling charges and other expenses (whether related
or not) resulting therefrom; provided that if such costs exceed 30% of the Order (the “Threshold Costs”), Vendor shall
only be liable for the Threshold Costs and the reasonable expenses that exceed 30%. Vendor shall not be responsible for any other
direct, consequential and incidental damages incurred by Buyer as a result of a delay, other than by reason of an excusable delay,
including the cost of any line shutdown(s) and the cost of obtaining the Goods and/or Services from alternate sources. Buyer’s
actions in obtaining substitute or replacement Goods and/or Services shall not limit Buyer’s rights and remedies available
hereunder or at law.


 


(b) As used in this Order, the term “excusable
delay” means at any time Buyer requests to shorten a delivery date quoted by Vendor and any delay in making or accepting
deliveries or performance which results without fault or negligence on the part of the party involved and which is due to causes
or events beyond its reasonable control, such as acts of God, or of a public enemy that causes materials or component supply delays,
any preference, , priority or allocation order issued by government or any other acts of government, fires, floods, epidemics,
quarantine restrictions, freight embargoes, unusually severe weather, explosions, riots, war (whether declared or not), terrorism,
acts of the other party and delays of a subcontractor or supplier due to such causes. As used in this Order, the term “excusable
delay” shall not, however, mean or include any delay arising from or as a result of: (i) Vendor’s financial difficulties;
(ii) a change in cost or availability of materials or components based on market conditions or supplier actions affecting Vendor
or any of its subcontractors or suppliers.


 



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(c) An excusable delay shall not constitute
a default hereunder, provided that if Buyer or Vendor is subject to one or more excusable delays that persist for more than thirty
(30) days in the aggregate, Buyer or Vendor may cancel the then remaining balance of this Order, without liability to Vendor and
without limiting or affecting Buyer’s other rights or remedies available hereunder or at law.


 


(d) Vendor, shall use reasonable efforts
to mitigate any adverse effects or costs to Buyer due to any actual or potential delay, including: (i) the implementation of a
production and/or performance contingency plan; and (ii) upon Buyer’s express written authorization and Order that has been
accepted by Vendor, increasing Vendor’s inventory of finished Goods to a level sufficient to sustain deliveries during such
delay.


 


(e) Whenever any actual or reasonably
certain or significant potential delay threatens to delay deliveries or Vendor’s performance under this Order, Vendor shall
immediately give written notice thereof to Buyer. Such notice shall include all relevant information with respect to such delay,
including the anticipated duration and impact of such delay if known.


 


(f) Buyer may delay acceptance of delivery
of the Goods and/or performance of the Services and such delay does not affect or delay payment, by reason of an excusable delay,
in which case Vendor shall hold the Goods and/or delay performance of the Services, at Buyer’s direction, until the cause
of the excusable delay has been removed.


 


(g) If, under the express terms of this
Order, Buyer grants Vendor exclusive or “single source” rights to supply the Goods and/or Services to Buyer, such
rights shall not restrict Buyer’s right to procure substitute or replacement Goods and/or Services for the duration of any
delay (whether or not by reason of an excusable delay) and for a reasonable period thereafter, without liability to Vendor.


 


(h) Unless otherwise expressly stated
in this Order, Vendor shall not charge Buyer for shipment preparation, labeling, packing, boxing, crating or shipping. Vendor
shall promptly notify Buyer in writing if Vendor is unable to deliver and/or perform in the quantities and on the delivery dates
and times agreed upon by Vendor and Buyer. Goods delivered in excess of the quantities or in advance of delivery dates or times
so specified shall be at Vendor’s risk and may be returned to Vendor by Buyer, and all transportation charges both to and
from the original destination shall be paid by Vendor. Unless otherwise expressly stated in this Order, prices include customs
duties and expenses, tariffs and all federal, provincial, state and local taxes (including all export taxes, import taxes, excise
taxes, sales taxes and value added or similar “turnover” taxes) applicable to the manufacture, sale or provision of
the Goods and/or Services as they are delivered to Buyer.


 



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6. PAYMENT.


(a) Except as otherwise expressly stated
in this Order which shall match the Vendor’s quote, and subject to Section 3(c) and Section 7, Buyer shall pay net invoices
(subject to applicable withholding taxes, if any) by the later of: (i) [***] days after the end of the month during which the
Goods were delivered and/or Services performed, as the case may be; or (ii) [***] days after the invoice date. In the event of
late payment by Buyer, Vendor shall be entitled to any lien or retention of title against the Goods and/or Services or to claim
any set-off against amounts due or which may become due to Vendor from Buyer or its subsidiaries or affiliates. In order to be
payable, invoices must be correct and complete, with appropriate supporting documentation and other information reasonably required
by Buyer.


 


[***]


 


7. DEDUCTION, SET-OFF, RECOUPMENT.


(a) In addition to any right of deduction,
set-off or recoupment provided by law, all amounts due or to become due to Vendor from Buyer (including any applicable value added
or similar “turnover” tax payable, if any) shall be considered net of indebtedness or obligations of Vendor to Buyer,
and upon agreement by Vendor, Buyer may deduct, set-off or recoup any such indebtedness or obligations from and against any amounts
due or to become due to Vendor from Buyer (including any applicable value added or similar turnover taxes payable, if any) and
however and whenever arising. Buyer may do so without notice to Vendor.


 


(b) In the event of any insolvency or
financial distress of Vendor or for any other reason(s) giving rise to Vendor’s inability (or, in Buyer’s opinion,
potential inability) to perform its obligations under this Order, if Buyer retains legal counsel, accountants or other third party
advisors to provide services related to Buyer’s business relationship with Vendor, Buyer shall have the right to fully recover
its out of pocket fees and costs related to such legal, accounting or other third party services, and to specifically deduct,
set-off or recoup such fees and costs from amounts due or to become due to Vendor from Buyer.


 


(c) In the event of any insolvency or
financial distress of Buyer or for any other reason(s) giving rise to Buyer’s inability (or, in Vendor’s opinion,
potential inability) to perform its obligations under this Order, if Buyer retains legal counsel, accountants or other third party
advisors to provide services related to Vendor’s business relationship with Buyer, Vendor shall have the right to fully
recover its out of pocket fees and costs related to such legal, accounting or other third party services, and to specifically
deduct, set-off or recoup such fees and costs from amounts due or to become due to Buyer from Vendor.


 


(d) For purposes of this Agreement, the
terms “Buyer” and “Vendor” shall mean and include each of Buyer and Vendor, respectively, and its subsidiaries
and affiliates.


 



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8. CHANGES.


(a) Buyer reserves the right upon Vendor’s
pre-approval to make changes, or to require Vendor to make changes, to the drawings, specifications and other provisions of this
Order, as well as any subcontractors or suppliers used or intended to be used by Vendor. If any such change results in an increase
or a decrease in the cost of, or the time required for, manufacturing or delivering the Goods and/or performing the Services,
an equitable adjustment may be made in the price or delivery schedule, or both, and this Order shall, subject to the agreement
of Buyer and Vendor, be modified in writing accordingly. No claim under this Section 8 shall be asserted by Vendor after ninty
(90) days following the notification of the change by Buyer.


 


(b) Vendor shall not, without Buyer’s
prior written authorization, make any changes to specifications, designs, drawings, materials, part numbers (or other types of
identification), processes, procedures or the location of the facilities used by Vendor for the performance of its obligations
under this Order.


 


9. PRICE WARRANTIES AND COMPETITIVENESS.


[***]


 


(d) For a period of six months after each
Order, Buyer shall provide Vendor with the right to first quote any potential Orders that relate to the goods and services provided
by Vendor. Such right shall extend for a period of (5) days from the date Vendor receives request to quote from Buyer.


 


10. WARRANTIES REGARDING GOODS AND SERVICES.


(a) Vendor’s sole Warranty (“Warranty”)
is outlined in Exhibit A.


 


(b) The Vendor’s Warranty and Warranty
period are available to, and for the benefit of, Buyer, its subsidiaries and affiliates, their respective successors and assigns,
the Customer and users of the Goods and/or Services but only Buyer may submit a claim under such Warranty.


 


11. MATERIALS, EQUIPMENT, TOOLS AND FACILITIES.


(a) Unless otherwise expressly stated
in this Order, Vendor shall, at its own expense, supply and, as applicable, maintain in good condition and repair and replace
when necessary or reasonably required, all materials, equipment, tools, jigs, dies, gauges, fixtures, moulds, patterns, drawings,
specifications, samples, supplies and facilities that are under control of or are owned by Vendor and that are required to perform
this Order.


 



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(b) Notwithstanding any other provision
in this Order, Parties expressly acknowledges and agrees that: all materials, parts, components, assemblies, equipment, tools,
jigs, dies, gauges, fixtures, moulds, patterns, drawings, specifications, samples, supplies and facilities, including any replacements
thereof, any materials affixed or attached thereto and any special tooling manufactured, produced or provided by Vendor for the
performance of its obligations under this Order are and shall remain the property of Vendor (collectively, “Tooling”).
Parties further agree: (i) all materials, parts, components, assemblies, equipment, tools, jigs, dies, gauges, fixtures, moulds,
patterns, drawings, specifications, samples, supplies and facilities, including any replacements thereof, any materials affixed
or attached thereto and any special tooling manufactured, paid for (excluding any Tooling the cost of which is fully or substantially
amortized in the price of the Goods and/or Services), produced or provided and paid for by Buyer for the performance of its obligations
under this Order are and shall remain the property of Buyer (collectively, “Specialized Tooling”) or collectively,
the (“Buyer’s Property”), shall be held by Vendor on a bailment basis and remain the property of, with both
title and the right of possession in, Buyer and without limiting or affecting any other rights or remedies available hereunder.
Vendor shall assign to Buyer all contract rights or claims in which Vendor has an interest with respect to the Buyer’s Property
and, upon request by Buyer and in the event no payment is due and payable by Buyer beyond any applicable grace period, shall execute
bills of sale, financing statements or other documents reasonably requested by Buyer to evidence Buyer’s ownership of the
Buyer’s Property. In addition to any other right or remedy with respect to the Buyer’s Property given to Buyer by
statute or rule of law, Vendor acknowledges that this Order only to the extent the Order contains Specialized Tolling paid for
by Buyer creates or provides for a “security interest” and/or a “purchase-money security interest” (within
the meaning of applicable personal property security legislation) in favor of Buyer in the Buyer’s Property which may be
registered or otherwise protected by Buyer at any time in Buyer’s sole discretion. The Buyer’s Property, while in
the custody or control of Vendor or its subcontractors, suppliers or agents, shall be held at Vendor’s risk, shall be kept
insured by Vendor, at Vendor’s expense, against loss or damage in an amount equal to the replacement cost thereof, and shall
be subject to removal on Buyer’s written request. Vendor shall promptly notify Buyer of the location of the Buyer’s
Property, if any is located at any place other than Vendor’s cell supplier of or Vendor’s premises. Unless otherwise
expressly stated in this Order, Vendor shall maintain accounting and property control records for the Buyer’s Property in
accordance with sound industrial practices. Vendor shall, at Vendor’s expense, maintain the Buyer’s Property in good
condition and repair throughout the useful life thereof (as determined by Buyer in accordance with sound industrial practices),
and shall replace any of the Buyer’s Property if, as and when necessary or reasonably required. Buyer does not provide any
warranties with respect to the Buyer’s Property. Upon completion or termination of this Order, Vendor shall retain on a
bailment basis for Buyer, as aforesaid, all Buyer’s Property in the custody or control of Vendor, at Vendor’s expense,
until disposition directions are received from Buyer. Upon receipt of Buyer’s demand or disposition directions, Vendor shall,
at Vendor’s expense, properly prepare the Buyer’s Property for shipment and shall deliver it to such location(s) as
may be specified by Buyer. The Buyer’s Property shall be in no less than the same condition as originally received by Vendor,
normal use and reasonable wear and tear excepted. If Buyer or Vendor defaults under this Order, Vendor shall, upon Buyer’s
demand, immediately deliver the Buyer’s Property to Buyer and, if Buyer so requests, grant Buyer reasonable access to Vendor’s
premises (including, as applicable, the premises of Vendor’s subcontractors, suppliers and agents) for the purpose of removing
the Buyer’s Property. To the extent not prohibited by law, as long as Buyer does not owe any payables to Vendor that are
past the any applicable grace period, Vendor waives any lien or similar right which Vendor may have with respect to the Buyer’s
Property. Buyer shall be responsible for personal property taxes, if any, assessed against the Buyer’s Property while in
the custody or control of Vendor or its subcontractors, suppliers or agents.


 



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(c) All Buyer’s Property referenced
in Section 11(b)(i) to be manufactured, produced or provided by Vendor in conjunction with this Order must be in strict accordance
with the specifications set forth in this Order or as otherwise specified by Buyer to Vendor.


 


(d) Vendor shall use the Buyer’s
Property referenced in Section 11(b)(i) solely for the purpose of performing its obligations under this Order unless Buyer gives
its written consent to use Buyer’s Property for another purpose.


 


(e) All Buyer’s Property shall be
tagged, marked or otherwise clearly identified by Vendor as the property of Buyer (or as Buyer may otherwise direct).


 


(f) This Section 11 shall not apply to
any Tooling purchased under a purchase order unless such purchase order specifically states that it is governed by these terms
and conditions.


 


12. INTELLECTUAL PROPERTY.


(a) Vendor shall indemnify and hold Buyer,
its subsidiaries and affiliates, their respective successors, assigns, representatives, employees and agents, the Customer and
users of products or services incorporating the Goods and/or Services, harmless from and against all liabilities, demands, claims,
losses, costs, damages and expenses of any nature or kind (including court costs, legal and other professional fees, and other
costs associated with any indemnified party’s administrative time, labor and materials) arising from or relating to the
infringement or alleged infringement of any patent, trademark, service mark, copyright, industrial design, mask work, trade secret
or other intellectual property right for or on account of the manufacture, sale or use of the Goods and/or Services, or of the
products or services incorporating the Goods and/or Services. Buyer shall indemnify and hold Vendor, its subsidiaries and affiliates,
their respective successors, assigns, representatives, employees and agents, the Customer and users of products or services harmless
from and against all liabilities, demands, claims, losses, costs, damages and expenses of any nature or kind (including court
costs, legal and other professional fees, and other costs associated with any indemnified party’s administrative time, labor
and materials) arising from or relating to the infringement or alleged infringement of any patent, trademark, service mark, copyright,
industrial design, mask work, trade secret or other intellectual property right for or on account of the manufacture, sale or
use is based on a claim that Buyer’s combination of the Goods and/or Services with other goods, services (including without
limitation Buyer’s products). Buyer shall notify Vendor of any suit filed against Buyer or other indemnified parties herein,
on account of any such infringement or alleged infringement as stated above and in the event infringement is solely relating to
the Goods’ and/or Services alone, shall give Vendor control of the defense of such suit, insofar as Buyer has the authority
to do so, and reasonable information and assistance in connection therewith, all at Vendor’s expense. Buyer and other indemnified
parties herein shall have the right to be represented by their own legal counsel and actively participate in any such suit, and
the reasonable costs of such representation shall be paid by Vendor on demand. If a claim of infringement or alleged infringement
based solely on the Goods and/or Services results or is reasonably anticipated to result in an injunction or other legal order
preventing Vendor from supplying or Buyer from using the Goods and/or Services for their intended purpose, Vendor shall, at its
expense, (i) secure a valid license or other applicable rights to permit such continued supply or use, (ii) modify (with the prior
approval of Buyer and, if applicable the Customer) the Goods and/or Services so that they become non-infringing, so long as the
modifications do not significantly alter or affect the form, fit, function, operation or performance of the Goods and/or Services,
or (iii) replace (with the prior consent of Buyer and, if applicable, the Customer) the Goods and/or Services with non-infringing,
but substantially equivalent goods and/or services.


 



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(b) Solely with respect to the use, installation,
sale, lease or servicing of the Goods that have been paid in accordance with an Order by Buyer, Vendor hereby grants to Buyer,
its subsidiaries and affiliates, and their respective successors and assigns (including any of their authorized distributors or
dealers), and Buyer hereby accepts, a non-exclusive, irrevocable, royalty-free (such royalty deemed included in the price of the
Goods and Services), worldwide license, including the right to sublicense to others in connection with providing the Goods and/or
Services to Buyer or the Customer, under: (i) patents, industrial designs, technical information, know how, processes of manufacture,
trade secrets and other intellectual property, owned or controlled by Vendor or its subsidiaries and affiliates, and relating
to the Goods and/or Services under this Order or their installing, servicing, use, sell, lease and import the Goods and/or Services
under this Order, and (ii) any works of authorship fixed in any tangible medium of expression (including drawings, prints, manuals
and specifications) furnished by Vendor in the course of Vendor’s activities under this Order, (all items in clauses (i)
and (ii) above, collectively, “Vendor’s Intellectual Property”, and such license in respect thereof, the “License”).
In the event Buyer wishes to obtain the supply of the Goods and/or Services from a third party Buyer may request and upon written
agreement by Vendor, Buyer may obtain a royalty bearing License. Nothing herein shall grant Buyer or subsequent assigns the license
or right to create derivative works.


 


(c) To the extent that Vendor creates
or develops any inventions, discoveries or improvements in the performance of Vendor’s obligations under this Order which
are paid for by Buyer and specified as development work in an Order, Vendor shall: (i) assign to Buyer each such invention, discovery
or improvement (whether or not patentable) that is conceived or first reduced to practice by Vendor, or by any person employed
by or working under the direction of Vendor, in the performance of Vendor’s obligations under this Order; and (ii) promptly
disclose in an acceptable form to Buyer all such inventions, discoveries or improvements and cause Vendor’s employees to
sign any papers necessary to enable Buyer to obtain title to and to file applications for patents throughout the world. To the
extent that any works of authorship (including, without limitation, software and computer programs) are created or developed in
the performance of Vendor’s obligations under this Order which are paid for by Buyer and specified as development work in
an Order, such works shall be considered “works made for hire”, and to the extent that such works do not qualify as
“works made for hire”, Vendor hereby assigns to Buyer all right, title, and interest in all copyrights and moral rights
therein.


 



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(d) Vendor shall not manufacture or provide,
or offer to manufacture or provide, any goods or services that are significantly based upon Buyer’s intellectual property
and/or the drawings or specifications in respect of the Buyer’s goods and services, or any derivatives thereof, whether
for its own purposes (other than to satisfy its obligations under this Order), for the Customer or any other third parties, without
Buyer’s prior written consent. The foregoing restriction shall not apply in respect of “standard”, “off-the-shelf”
or “catalogue” goods or services that have been routinely manufactured or provided by Vendor and developed by Vendor,
in each case, prior to this Order and independently of Vendor’s relationship with Buyer.


 


(e) Buyer shall not manufacture or provide,
or offer to manufacture or provide, any goods or services that are based solely upon Vendor’s intellectual property and/or
the drawings or specifications in respect of the Goods and/or Services, or any derivatives thereof, whether for its own purposes
(other than to satisfy its obligations) for the Customer or any other third parties, without Vendor’s prior written consent.


 


13. CONFIDENTIALITY AND NON-DISCLOSURE.


(a) Parties shall, and shall cause each
subcontractor to, consider and treat all Information (as defined in Section 13(b)) as confidential, shall safeguard such Information
in an appropriate and reasonable manner (but being at least the same as that used by either party alone to protect its own information
of the same or a similar nature and relative importance), and shall not disclose any Information to any other person (including
a competitor of Parties or a person, who with knowledge of the Information, could damage either Parties; competitive position),
or use any Information against the interests of the Parties or for any purpose except as required by this Order, without the other
party’s prior written consent; provided however that Buyer may disclose Vendor’s confidential information to a lender
or third party that is contemplated financing, making a loan, making an equity investment or entering into a joint venture or
other arrangement for the purchase or sale of the Goods or Buyer’s products provided such party enters into a confidentiality
agreement prior to such disclosure. Each party retains all rights with respect to their Information, and neither Party shall acquire,
nor attempt to obtain (whether by filing applications, asserting claims, disputing the other party’s rights or otherwise)
any patent, trademark, copyright, license or other rights in respect of the other Party’s Information. Neither Party shall
allow any Information to be reproduced, communicated or in any way used, in whole or in part, in connection with services or goods
furnished to others, without the other Party’s prior written consent.


 


(b) For the purposes of this Order, “Information”
means (i) all prints, designs, drawings, layouts, specifications, instructions, developments, technical data, test data, computations,
analyses, models, samples, prototypes, materials, products, parts lists, costs and pricing, methods, processes, systems, plans,
forecasts, reports, working papers and other information (whether or not commercial, financial, business or technical in nature)
furnished by or on behalf of either Party and/or, if applicable, the Customer and/or Sub-Contractors, (ii) all notes, analyses,
compilations, studies, interpretations or other documents, whether in hard copy or electronic form, prepared by the respective
Party or its subcontractor, which contain, reflect or are based upon, in whole or in part, the Information set forth in (i) above,
and (iii) all terms and conditions and any other information relating to this Order.


 



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(c) Vendor shall not advertise or otherwise
publicly disclose the fact that Buyer has contracted to purchase the Goods and/or Services from Vendor, without Buyer’s
prior written consent or unless required to do so by operation of law or regulation.


 


(d) The Parties agrees, and agrees to
cause any subcontractor, to promptly return or destroy the Information upon the either Party’s request. The Parties will
promptly inform each other if it becomes aware of any misappropriation, misuse or improper disclosure of any Information. In the
event the Vendor uses any subcontractor to provide goods or services in connection with this Order, the Vendor agrees to cause
such subcontractor to be bound provisions substantially similar to this section. Nothing in this Section 13 shall restrict either
Party’s disclosure of information to the extent required by law.


 


14. COMPLIANCE WITH LAWS.


(a) Vendor’s performance of its
obligations under this Order shall be in compliance with all applicable laws, including foreign, federal, provincial, state and
local laws, ordinances, rules, codes, standards and regulations, as promulgated, enacted and amended from time to time, that are
applicable to this Order or the use of the Goods to the Customer, including any specifications for the Goods set forth in any
law applicable to the sale of the Goods to the Customer, (collectively, “Laws”). Vendor shall furnish Buyer with certificates
of compliance, where required under such applicable Laws or when requested by Buyer. Each invoice rendered to Buyer under this
Order shall constitute written assurance by Vendor that Vendor has fully complied with all applicable Laws.


 


(b) Vendor shall package, label and transport
the Goods and their containers, in particular those which constitute a safety, health, poison, fire, explosion, environmental,
transportation or other hazard, in compliance with all applicable Laws in effect in the place to which the Goods are shipped or
as otherwise specified by Buyer. Upon request, Vendor shall furnish Buyer with information regarding the ingredients of the Goods.


 


(c) Vendor represents and warrants that
neither it nor any of its subcontractors or suppliers utilize or will utilize any form of forced or involuntary labor in the United
Status relating to the supply of the Goods and/or Services under this Order. Within the framework of its commercial dealings with
Buyer, Vendor shall not engage in any actions or practices which may lead to criminal or civil liability due to fraud, bribery,
embezzlement, unfair competition or other forms of corruption on the part of persons employed by Vendor or third parties for the
benefit of Vendor.


 



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(d) Parties represents and warrants that
neither it, its subcontractors, nor any of their officers, directors, employees, agents or other representatives has or will perform
any act that violates the Foreign Corrupt Practices Act of 1977, as amended by the International Anti-bribery and Fair Competition
Act of 1998, including pay, offer or promise to pay or give any money, gift, service or anything else of value, either directly
or through a third party, to any (A) official or employee of any government authority or instrumentality, public international
organization, or of any agency or subdivision thereof, or (B) political party, official thereof or to any candidate for political
office; in each case for the purpose of (i) influencing any act or decision of that person in his official capacity, including
a decision to fail to perform his or her official function, (ii) inducing such person to use his or her influence with such organization
to affect or influence any act or decision thereof or (iii) securing any improper advantage. In the event either Party uses any
subcontractor to provide goods or services in connection with this Order, they agree to cause such subcontractor to be bound by
provisions substantially similar to this Section 14.


 


(e) Parties shall indemnify and hold the
other party, its subsidiaries and affiliates, their respective successors, assigns, representatives, employees and agents and
the Customer, harmless from and against all liabilities, demands, claims, losses, costs, damages and expenses of any kind and
nature (including personal injury, property damage, consequential and special damages, court costs, legal and other professional
fees, and other costs associated with any indemnified party’s administrative time, labor and materials) arising from or
relating to the other Party’s or any subcontractor’s failure to comply with this Section 14.


 


15. INSURANCE.


(a) Vendor shall maintain and carry: (i)
property and general liability insurance, including public liability, property damage liability, product liability and contractual
liability coverage; and (ii) workers’ compensation and employers’ liability insurance covering all employees engaged
in the performance of this Order; in each case, in such amounts and with such limits (subject to Section 15(b)) and with such
insurers that are acceptable to Buyer, acting reasonably.


 


(b) Unless otherwise expressly stated
in this Order, Vendor’s liability insurance policies shall have combined single limits of no less than five million U.S.
dollars (U.S. $5,000,000) per occurrence and in the aggregate; provided that such limits shall not limit Vendor’s liability
under this Order. Vendor’s property insurance policies shall be written on a “replacement cost” basis, and Vendor’s
workers’ compensation policies shall be in compliance with applicable statutory requirements and limits.


(c) Vendor shall furnish Buyer with certificates
or other satisfactory proof of insurance confirming the foregoing insurance coverage within ten (10) days of Buyer’s request.
Any such certificate shall provide for terms and conditions satisfactory to Buyer whereby, among other things: (i) the interest
of Buyer in such insurance coverage has been recognized, whether by way of designating Buyer as loss payee or otherwise as may
be requested by Buyer from time to time; and (ii) Buyer shall receive not less than thirty (30) days prior written notice from
the insurer before any termination or reduction in the amount or scope of coverage can occur, with Buyer having the right (at
Vendor’s expense), but not the obligation, to maintain such insurance coverage prior to the expiration of such notice. The
receipt or review of such certificates or other proof of insurance coverage at any time by Buyer shall not relieve Vendor from
its insurance obligations hereunder or reduce or modify such insurance obligations.


 



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16. TERMINATION UPON NOTICE.


 


(a) In addition to any other rights of
Buyer to terminate this Order, Buyer may, in its sole discretion for any or no reason, upon thirty (30) days prior written notice
to Vendor or, if applicable, such shorter period as may be required by the Customer, terminate this Order, in whole or in part
at any time, and notwithstanding the existence of any excusable delay or other events or circumstances affecting Vendor. Buyer’s
notice to Vendor may be given by facsimile, e-mail or other form of electronic transmission, and shall state the extent and effective
date of termination. Vendor may not terminate this Order for any reason, except as otherwise expressly provided in this Order.


 


(b) Upon receipt of notice of termination
from Buyer under Section 16(a), Vendor shall, as of the effective date of termination and to the extent directed by Buyer: (i)
stop work under this Order and any other orders related to work terminated by such notice; (ii) protect all property in Vendor’s
possession or control in which Buyer has or may acquire an interest, including the Buyer’s Property; and (iii) if this Order
is terminated in full, cease to be bound to deliver and/or perform, and Buyer shall cease to be bound to receive delivery and/or
performance of, any further Goods and/or Services (other than the minimum quantities specified in this Order, if any). Vendor
shall promptly submit to Buyer any claims relating to such termination, and in any event within thirty (30) days (unless Buyer
agrees otherwise) from the effective date of such termination. Vendor hereby grants Buyer the right to audit and inspect its books,
records and other documents relating to any termination claims or any other claim under this Order.


 


(c) Subject to Section 16(d), if Buyer
and Vendor cannot agree within a reasonable time upon the amount of fair compensation for Buyer’s termination of this Order,
Buyer shall, in addition to making payment of the price specified in this Order for the Goods and/or Services delivered or performed
and accepted by Buyer prior to the effective date of termination, pay to Vendor the following amounts, without duplication: (i)
the price specified in this Order for the Goods and/or Services manufactured or provided in accordance with the terms of this
Order but not previously paid for;(ii) the actual costs of work-in-process and parts and raw materials inventory incurred by Vendor
in performing its obligations under this Order, to the extent such costs are reasonable in amount and are properly allocated or
apportioned under generally accepted accounting principles to the terminated portion of this Order; and (iii) any other costs
or allowances that Buyer, in its sole discretion, may elect to recognize and pay. Buyer shall not be obligated to make any payment
for: (x) the Goods and/or Services or work-in-process or parts or raw materials inventory that are manufactured, provided or procured
by Vendor in amounts in excess of those authorized in any Order, that are damaged or destroyed or that are not merchantable or
useable; (y) work-in-process or parts or raw materials inventory that can be returned to Vendor’s suppliers or subcontractors
for credit. Payments made in connection with a termination of this Order under Section 16(a) shall not exceed the aggregate price
for the Goods and/or Services that would have been manufactured or provided by Vendor in the absence of termination. Except as
provided in this Section 16(c), Buyer shall not be liable for and shall not be required to make payments to Vendor, directly or
indirectly (whether on account of claims by Vendor’s subcontractors or otherwise), for any losses arising from or attributable
to failure to realize anticipated revenues, savings or profits, unabsorbed overheads, interest on claims, product development
and engineering costs, capital costs, facilities and equipment rearrangement costs or rentals, unamortized depreciation costs
or general and administrative burden charges, unless (and only to the extent that) any of the foregoing are otherwise expressly
stated in this Order . Notwithstanding anything herein, nothing shall limit Vendor’s remedy under law.


 



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(d) If a Blanket Purchase Order is terminated,
in whole or in part, as set forth in Section 16(a), the liability of the Buyer to Vendor under Section 16 shall be limited solely
to the difference between (i) the aggregate price that would have been paid by the Buyer for the Goods and Services actually delivered
to Buyer under the Blanket Purchase Order if such reduced quantity had been know to Vendor at the time it accepted the Blanket
Purchase Order, and (ii) the aggregate invoice price for Goods and Services actually delivered to the Buyer under the Blanket
Purchase Order. Any pricing proposal delivered to the Buyer by Vendor prior to delivery of a Blanket Purchase Order shall be used
to calculate the amount owed by Buyer to Vendor pursuant to this Section 16(d). To the extent any Release has been issued by Buyer
to Vendor and such Goods or Services set forth in the Release have not been delivered to Buyer on or prior to termination in accordance
with Section 16(a), any liability relating to such Release shall be determined as set forth in Section 16(c). For purposes of
this Section 16(d), “actually delivered” shall mean any Goods or Services accepted by the Buyer as conforming Goods
or Services pursuant to a Blanket Purchase Order or related Release on or prior to the date this Order is terminated, in whole
or in part, pursuant to Section 16(a).


 


(e) Vendor may, with Buyer’s prior
written consent, retain or sell at an agreed price any of the Goods and/or Services or work in process, parts or raw materials
inventory, the cost of which is allocated or apportioned to this Order under Section 16(c)(ii), and shall credit or pay the amounts
so agreed or delivery of any Goods, work in process, parts or raw materials inventory not so retained or sold.


 


(f) Any termination under this Section
18 shall not affect the entitlement of Buyer with respect to the Buyer’s Property, including pursuant to Section 11(b).


 


17. TERMINATION UPON INSOLVENCY, BANKRUPTCY,
ETC.


Either party may terminate this Order,
without liability to the other party: (i) in the event of the insolvency, bankruptcy, reorganization, arrangement, receivership
or liquidation by or against the other party; (ii) in the event that the other party makes an assignment for the benefit of its
creditors, seeks protection from its creditors under applicable laws or ceases to carry on business in the ordinary course; or
(iii) if a receiver is appointed in respect of the other party or all or part of its property (collectively, an “Insolvency
Event”). In the event of such termination, the other party shall be liable for all costs, damages and expenses suffered
by the party that terminates this Order. Any such termination shall not affect the entitlement of Buyer with respect to the Buyer’s
Property, including pursuant to Section 11(b).


 



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18. SERVICE AND REPLACEMENT PARTS.


 


(a) Lifetime Buy Rights. Vendor acknowledges
its obligation to manufacture, supply and support the Goods and Services. If, however, Vendor seeks to discontinue the supply
or support of any Goods and Services (a “Discontinued Product”), Vendor will give notice to Buyer no less than twelve
(12) months in advance of the last date the Discontinued Product can be ordered. After receipt of notice of Discontinued Product,
Buyer may, at its option: (i) place a one-time order, such order shall not be a blanket order, from Vendor such quantity of the
Discontinued Product as Buyer deems necessary at a price no higher than the last price paid by Buyer to Vendor for the Goods;
and (ii) manufacture the Discontinued Product under a royalty agreement with Vendor.


 


(b) At Buyer’s request and expense,
Vendor shall make service literature and other materials available to support Buyer’s service part or replacement part sales
activities.


 


19. BUYER’S WEBSITE.


Unless otherwise provided
herein, this Agreement may not be modified unless in writing and signed by an authorized representative of each party. Any express
waiver or failure to exercise promptly any right under this Agreement will not create a continuing waiver or any expectation of
non-enforcement.


 


20. SUBCONTRACTS. Vendor shall ensure
that the terms of its contracts with its and subcontractors and suppliers provide Buyer and the Customer with all of the rights
specified in this Order, including but not limited to those set forth in Section 3(a).


 


21. ASSIGNMENT.


Vendor shall not assign this Order hereunder
or any interest herein, except that Vendor may, with Buyer’s prior written consent, make an assignment of monies due or
which may become due hereunder to a bank or other financing institution; provided that any such assignment by Vendor shall be
subject to deduction, set-off, recoupment or any other lawful means of enforcing any present or future claims that Buyer may have
against Vendor, and provided further that any such assignment shall not be made to more than a single assignee. Buyer shall have
the right to assign this Order or its interest herein, without Vendor’s consent, to any of its subsidiaries or affiliates
or to any purchaser or successor to Buyer’s business.


 


22. REMEDIES.


The remedies reserved in this Order shall
be cumulative and not alternative, and may be exercised separately or together, in any order or combination, and are in addition
to any other remedies provided for or allowed by law, at equity or otherwise.


 


23. WAIVER. Either party’s failure
to insist on the performance by the other party of any Term or failure to exercise any right or remedy reserved in this Order,
or either party’s waiver of any breach or default hereunder by the other party shall not, thereafter, waive any other terms,
conditions, rights, remedies, breaches or defaults, whether of the same or a similar type or not.


 



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24. MODIFICATIONS. No modification of
this Order, including any waiver of or addition to any of the Terms, shall be binding upon either Party, unless made in writing
and signed by the Parties’ authorized representative(s).


 


25. SEVERABILITY. If any provision of
this Order is invalid or unenforceable under any statute, regulation, ordinance, executive order or other rule of law, such provision
shall be deemed reformed or deleted, as the case may be, but only to the extent necessary to comply with such statute, regulation,
ordinance, order or rule, and the remaining provisions of this Order shall remain in full force and effect.


 


26. NOTICES. Except as otherwise expressly
stated in this Order, any notice given or other communication sent under this Order shall be in writing and shall be properly
delivered to its addressee by hand, prepaid courier, registered or certified mail, e-mail or other form of electronic transmission
(receipt confirmed) or facsimile (receipt confirmed) at the applicable address or facsimile number noted on the face of this Order.
Any notice or communication given as provided herein shall be deemed to have been received at the time of its delivery if delivered
by hand, on the business day following its dispatch if transmitted by courier, e-mail, other electronic transmission or facsimile,
or on the third business day following its mailing if sent by registered or certified mail. Either party may notify the other
party, in the manner provided for herein, of any change of applicable address or facsimile number for the purpose of giving notices
or sending communications under this Order.


 


27. SURVIVAL. The obligations of Vendor
to Buyer that are intended to survive termination of the Order shall survive any termination of this Order, including the obligations
set forth in Section 18(a).


 


28. DEFAULT.


(a) If Vendor shall (i) materially breach
any provision hereof, and such breach shall not be corrected within five (5) days after written notice from Buyer to Vendor (or,
if such breach is not correctable within five (5) days, then immediately upon receipt of such notice in accordance with Section
26), (ii) become insolvent, enters voluntary or involuntary bankruptcy or receivership or in the event of default, sequestration
or seizure of Vendor’s operations under a mortgage, lien or privilege, then Buyer will have the right (without prejudice
to any other rights or remedies it may have hereunder or by operation of law) to terminate all or a portion of the Order without
any further liability to Vendor. A waiver of any one default hereunder shall not be considered a waiver to any subsequent default.
Time is of the essence hereof, and Buyer’s right to require strict performance by Vendor shall not be affected by any waiver,
forbearance or course of dealing.


 


(b) If Buyer shall (i) fail to pay amounts
due and owing under this Order following any applicable grace period, and such breach shall not be corrected within five (5) days
after written notice from Vendor to Buyer, or (ii) become insolvent, enters voluntary or involuntary bankruptcy or receivership
or in the event of default, sequestration or seizure of Buyer’s operations under a mortgage, lien or privilege, then Vendor
will have the right (without prejudice to any other rights or remedies it may have hereunder or by operation of law) to terminate
all or a portion of the Order without any further liability to Buyer.


 



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29. INDEPENDENT CONTRACTOR. Vendor is
an independent contractor with respect to performance of all work, materials and articles provided hereunder and neither Vendor
nor anyone employed by Vendor shall be deemed for any purpose to be the employee, agent, servant or representative of Buyer for
performance of any work or service hereunder. Buyer shall have no direction or control of Vendor or its employees, agents or subcontractors
and reserves no right to direct or control Vendor, its employees, agents or subcontractors, Buyer being interested only in the
results to be obtained. The articles, materials and work furnished, as applicable, hereunder shall meet the approval of Buyer
and be subject to the general right of inspection provided herein for Buyer to secure the satisfactory completion thereof for
such sole remedy shall be the Vendor’s Warranty or other remedies provided herein.


 


30. APPLICABLE LAW AND VENUE. This Order
shall be construed and enforced in accordance with and governed by the laws of the State of Mississippi (excluding conflicts of
law rules) and the federal laws of the United States, as applicable. For greater certainty, the United Nations Convention on Contracts
for the International Sale of Goods shall not apply to this Order.


 


31. DISPUTE RESOLUTION. In the event of
a dispute under this Order, both Parties agree to negotiate in good faith for a period of thirty (30) days following delivery
of a notice of dispute by one party to the other party. If the parties fail to reach an agreement within such thirty (30) day
period of time, then either party may submit such dispute to binding arbitration to be governed by the Commercial Arbitration
guidelines of the American Arbitration Association with all such arbitrations to take place in Tunica, Mississippi.


 





	Flux Power, Inc.	 	GreenTech Automotive, Inc.
	 	 	 
	Signature:	 	 	Signature:	 
	 	 	 	 	 
	Title:	Chief Executive Officer	 	Title:	 
	 	 	 	 	 
	Date:	 	 	Date:	 







 



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