Document:

EX-4.1

 Exhibit 4.1 

2.00% SENIOR NOTE DUE 2016 

€2,800,000,000 
 New
Business Netherlands N.V. 
 New Business Netherlands N.V., a public company with limited liability (naamloze vennootschap)
incorporated under Dutch law (herein called the “Company”, which term includes any successor Person thereto), for value received, hereby promises to pay to the registered Holder the principal sum of two billion eight hundred million
Euros (2,800,000,000) or such amount of principal as will be outstanding hereunder on April 4, 2016 (the “Stated Maturity”), and to pay interest thereon from the most recent Interest Payment Date on which interest has been
paid or duly provided for, quarterly on January 4, 2016 and April 4, 2016 (each an “Interest Payment Date”) , commencing January 4, 2016 (with the first interest period starting on the Issue Date and ending on
January 4, 2016), and at the Maturity thereof, at the rate of 2.00% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment
Date, or in respect of additional interest, if any, in each case as provided herein, shall be paid to the Person in whose name this Security is registered at the close of business on the Record Date for such interest, which shall be the Business Day
next preceding such Interest Payment Date. 
 Payment of the principal of and interest on this Security shall be made at the office or
agency of the Company in Euros, against surrender of this Security in the case of any payment due at the Maturity of the principal hereof (other than any payment of interest that first becomes payable on a day other than an Interest Payment Date).
The principal and interest payable in Euros at Maturity, or upon early repayment, shall be paid by wire transfer of immediately available funds. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 

 IN WITNESS WHEREOF, the Company has caused this Security to be duly executed by manual or
facsimile signature by a duly authorized officer on behalf of the Company. 
 Dated: October 17, 2015 

 

			
	NEW BUSINESS NETHERLANDS N.V.
		
	By:	 	/s/ Alessandro Gili
	Name:	 	Alessandro Gili
	Title:	 	Chief Financial Officer

 This Security is the direct, unconditional, unsubordinated and (subject to the provisions of
Clause C) unsecured obligation of the Company and (subject as aforesaid) ranks and will rank pari passu with all other present and future outstanding unsubordinated and unsecured obligations of the Company (subject to mandatorily preferred
obligations under applicable laws). 
 Save for any provision as to withholding or deduction of taxes, no provision of this Security shall
alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

Subject to certain limitations set forth in the next sentence, the transfer of this Security is registrable in the Security Register, upon
surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in
form satisfactory to the Company duly executed by the Holder hereof or his attorney duly authorized in writing, and thereupon one Security of like tenor and for the same aggregate principal amount, will be issued to the designated transferee. No
transfer of this Security may be made by the Holder to any person other than an Affiliate of the Holder. 
 No service charge shall be made
for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Security for registration of transfer, the Company and any agent of the Company shall treat the Person in
whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and none of the Company and any such agent shall be affected by notice to the contrary. 

 

	A.	Early Repayment 

 The Company may at any time upon not less than two (2) Business
Days’ written notice to the Holder repay this Security in whole or in part. Forthwith upon the expiration of such notice the Company shall repay the amount specified in such written notice to the Holder. All early repayments pursuant to this
Clause A shall be applied first to accrued and unpaid interest and next to outstanding principal. 
 In the event of a repayment in part
pursuant to this Clause A, the Company shall issue a new Security equal in substance to this Security but in a principal amount equal to the remaining principal amount in the name of the Holder of the Security upon cancellation of the original
Security. 
  

	B.	Notice 

 The Company shall give written notice to the Holder of the Security to be repaid
at least two (2) Business Days prior to any early repayment. Any notice may be given to a Holder at its address as shown in the Security Register or such other address as it may notify to the Company for such purpose, and shall be deemed to
have been served: 

  
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 (1) if delivered by hand, at the time of delivery; or 

(2) if posted, at the time of mailing; or 

(3) if sent by electronic mail, at the time of delivery. 

Notice to the Company may be sent to the attention of Treasurer at Via Abetone Inferiore n.4, I-41053 Maranello (MO) Italy. 

	C.	Negative Pledge 

 So long as this Security remains outstanding, the Company shall not
create any mortgage, charge, pledge, lien, encumbrance or other security interest (“Lien”) (other than a Permitted Lien) upon the Company’s assets to secure any Quoted Indebtedness or any Qualifying Guarantee of such Quoted
Indebtedness, unless in any such case the Company grants, for the benefit of the Holder of this Security, a security interest in such assets that is equal and ratable to the security interests in favor of the holders of the Quoted Indebtedness (or,
in the case of a Lien securing Quoted Indebtedness that is expressly subordinated or junior to this Security, secured by a Lien that is senior in priority to such Lien). 
  

	D.	Payment of Additional Amounts 

 The Company, or any other Person on behalf of the
Company, or any successor thereto (each, a “Payor”) shall make all payments in respect of the Security free and clear of, and without withholding or deduction for, or on account of, any present or future taxes, duties, assessments
or governmental charges of whatever nature (collectively, “Taxes”) imposed, collected, withheld, assessed or levied by or on behalf of any jurisdiction in which the Payor is incorporated or tax resident, or any governmental
authority or political subdivision thereof or therein having the power to tax (a “Relevant Jurisdiction”), unless the withholding or deduction of the Taxes is required by law of any Relevant Jurisdiction. 

Where the withholding or deduction of Taxes is required by the law of any Relevant Jurisdiction, the Payor shall, subject to the exceptions
and limitations set forth below, pay as additional interest on the Security such additional amounts (“Additional Amounts”) as are necessary so that the net payment by the Company or a paying agent or other Payor of the principal of
and interest on the Security, after deduction for any present or future tax, assessment or governmental charge of a Relevant Jurisdiction, imposed by withholding with respect to the payment, shall not be less than the amount that would have been
payable in respect of the Security had no withholding or deduction been required. The Company’s obligation to pay Additional Amounts shall not apply: 

(1) to any Taxes that are only payable because a present or former type of connection exists or existed between the Holder or beneficial owner
of the Security and a Relevant Jurisdiction other than a connection related solely to purchase or ownership of this Security; 
 (2) to any
Holder that is not the sole beneficial owner of the Security or that is a fiduciary or partnership, but only to the extent that the beneficial owner, a beneficiary or settlor with respect to the fiduciary, or a member of the partnership would not
have been entitled to the 

  
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payment of an Additional Amount had such beneficial owner, beneficiary, settlor or member received directly its beneficial or distributive share of the payment; 

(3) to any Taxes that are imposed or withheld because the beneficial owner or any other Person failed to accurately comply with a request from
the Company or any paying agent to meet certification, identification or information reporting requirements concerning the nationality, residence or identity of the Holder or beneficial owner of the Security or to satisfy any information or
reporting requirement, or to present the Security, if compliance such action is required as a precondition to exemption from, or reduction in, such tax, assessment or other governmental charge by the Relevant Jurisdiction; 

(4) to any Taxes that are imposed other than by withholding or deduction by the Company or a paying agent from the payment; 

(5) to any Taxes that are imposed or withheld solely because of a change in law, regulation, or administrative or judicial interpretation that
becomes effective after the day on which the payment becomes due or is duly provided for, whichever occurs later; 
 (6) to any estate,
inheritance, gift, sales, excise, transfer, wealth, personal property or similar Taxes; 
 (7) to any Taxes any paying agent (which term may
include the Company) must withhold from any payment of principal of or interest on the Security, if such payment may be made without such withholding by any other paying agent; 

(8) to any Taxes where withholding or deduction of such Taxes is imposed on a payment to an individual and is required to be made pursuant to
European Union Council Directive 2003/48/EC of June 3, 2003, European Union Council Directive 2014/48/EU of March 24, 2014, or any other European Union Directive on the taxation of savings income in the form of interest payments
implementing the conclusions of the ECOFIN (European Union Economic and Finance Ministers) Council Meeting of 26-27 November 2000 or any subsequent Council Meeting amending or supplementing those conclusions, or any law implementing or
complying with, or introduced in order to conform to, either or both of those Directives; 
 (9) to any Taxes where withholding or deduction
of such Taxes is imposed on the Security presented for payment by or on behalf of a beneficial owner who would have been able to avoid the withholding or deduction by presenting the Security to another paying agent in a member state of the European
Union; or 
 (10) in the case of any combination of the above items. 

The Security is subject in all cases to any tax, fiscal or other law or regulation or administrative or judicial interpretation applicable.
Except as specifically provided in this Clause D, the Company does not have to make any payment under the terms of this Security with respect to any Taxes imposed by any governmental authority or political subdivision having the power to tax. 

 

	E.	Reserved 

  
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	F.	Consolidation, Merger and Sale of Assets 

 The Company may consolidate with or merge with
or into any other Person, and may sell, transfer, or lease or convey all or substantially all of the Company’s properties and assets to another Person; provided that the following conditions are satisfied: 

(1) When the Company merges or consolidates out of existence or sells or leases the Company’s properties and assets substantially as an
entirety, the other company or firm must be organized under the laws of the United States, any state or territory thereof, the District of Columbia, Canada or any province thereof, Japan, Switzerland or any member state of the European Union or any
political subdivision thereof; 
 (2) The Person the Company merges into or sells to shall legally expressly assume, the due and punctual
payment obligations of the principal of and interest on this Security and the performance or observance of every covenant of this Security on the part of the Company to be performed or observed; 

(3) The consolidation, merger or sale of assets must not cause a default on the Security, and the Company must not already be in default
(unless the merger or other transaction would cure the default). For purposes of this no-default test, a default would include an Event of Default (as defined below) that has occurred and not been cured. A default for this purpose would also include
any event that would be an Event of Default if the requirements for giving the Company default notice or the Company’s default having to exist for a specific period of time were disregarded. 

If the Company consolidates with or merges with or into any other Person, or sells, transfers, or leases or conveys all or substantially all
of the Company’s properties and assets to another Person, in each case as described above, the successor Person in any such transaction shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this
Security, and the Company, as the predecessor Person, except in the case of a lease, shall be released from all of its obligations under the Security. 
  

	G.	Modification and Waiver of the Security 

 This Security may only be amended, modified,
changed, or otherwise supplemented by an agreement in writing signed by the Company and the Holder. No waiver of any term, covenant or provision of this Note shall be effective unless given in writing by the Holder. 

 

	H.	Events of Default 

 Each of the following is an “Event of Default” with
respect to the Security: 
 (1) default for five (5) days or more in the payment when due and payable, at the Stated Maturity or upon
early repayment, acceleration or otherwise, of principal of, on the Security; 

  
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 (2) default for thirty (30) days or more in the payment when due of interest on or with
respect to the Security; 
 (3) Reserved; 

(4) the Company’s failure to comply for sixty (60) days after notice to the Company by the Holder with any of the Company’s
other obligations, covenants or agreements contained in the Security; 
 (5) the Company’s Indebtedness or the Indebtedness of a
Material Subsidiary is not paid within any applicable grace period after final maturity or is accelerated by the holders thereof because of a default and the total amount of such Indebtedness unpaid or accelerated exceeds €250.00 million;
provided, however, that it shall be deemed not to be an Event of Default if such Indebtedness is paid or otherwise acquired or retired (or for which such failure to pay or acceleration is waived or rescinded) within thirty (30) Business Days
after such failure to pay or such acceleration; 
 (6) the entry under any applicable bankruptcy, insolvency, reorganization or other
similar law by a court having jurisdiction of (A) a decree or order for relief in respect of the Company in an involuntary case or proceeding or (B) a decree or order adjudging the Company as bankrupt or insolvent, or approving as properly
filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Company, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order for relief or any such other
decree or order unstayed and in effect for a period of 60 consecutive days; and 
 (7) upon the occurrence under any applicable bankruptcy,
insolvency or reorganization or other similar law of (A) the commencement of either a voluntary case or proceeding by the Company or an involuntary case or proceeding against the Company, (B) the consent by the Company to the entry of a
decree or order for relief in an involuntary case or proceeding, (C) the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable law, or the consent by it to the filing of such petition,
(E) the appointment of or taking possession by a custodian, receiver, trustee or other similar official of the Company or of any substantial part of its property, (F) the making by it of an assignment for the benefit of creditors,
(G) the admission by it in writing of its inability to pay its debts generally as they become due, or (H) the taking of corporate action by the Company in furtherance of any such action. 

If any Event of Default (other than of a type specified in Clause H(6) and (7) above) with respect to the Company occurs, the Holder may,
by written notice to the Company, declare the principal, interest and any other monetary obligations on the Security to be due and payable immediately. Notwithstanding the foregoing, in the case of an Event of Default arising under certain events of
bankruptcy, insolvency or reorganization with respect to the Company (as described in Clause H(6) and (7) above), the Security shall become due and payable without further action or notice. The Holder may waive any existing Default with respect
to the Security and rescind any acceleration with respect to the Security and its consequences (except if such rescission would conflict with any judgment of a court of competent jurisdiction). In the event of any Event of Default specified in
Clause H(5) above, such Event of Default and all consequences 

  
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thereof (excluding any resulting payment default, other than as a result of acceleration of the Security) shall be annulled, waived and rescinded, automatically and without any action by the
Holder, if within 30 days after such Event of Default arose: 
 (1) the Indebtedness that is the basis for such Event of Default shall have
been discharged; or 
 (2) the Holder shall have rescinded or waived the acceleration, notice or action (as the case may be) giving rise to
such Event of Default; or 
 (3) the Default that is the basis for such Event of Default shall have been cured. 

 

	I.	No Personal Liability of Directors, Officers, Employees and Shareholders 

 None of the
Company’s past, present or future directors, officers, employees, or shareholders or any of their direct or indirect equity holders shall have any liability for any of the Company’s obligations under the Security or for any claim based on,
in respect of, or by reason of such obligations or their creation. The Holder by accepting the Security waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Security. 

 

	J.	Governing law 

 THIS SECURITY IS GOVERNED BY, AND SHALL BE CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK. 
  

	K.	Definitions 

 As used in this Security, the following terms have the following meanings:

 “Additional Amounts” means any additional amounts which are required by the Security, under circumstances specified
herein, to be paid by the Company in respect of certain taxes imposed on certain beneficial owners and which are owing to such beneficial owners in order that they receive the amount they would have received if such taxes had not been imposed. 

“Affiliate” means a person that, directly or indirectly, through one or more intermediaries, controls or is controlled by, or
is under common control with, another person, and where “control” (including the terms controlling, controlled by and under common control with) means the possession, direct or indirect, of the power to direct or cause the direction of the
management and policies of a Person, whether through the ownership of voting securities, by contract, or otherwise. 
 “Business
Day” means each day which is not a Saturday, a Sunday or a day on which commercial banking institutions are not required to be open in The City of New York, London, Amsterdam and Milan. 

“Default” means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default. 

  
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 “Holder” means the Person in whose name the Security is registered in the
Security Register. 
 “Indebtedness” means any indebtedness (whether principal, premium or interest) for or in
respect of (A) any notes, bonds, debenture stock, loan stock or other securities, (B) any Loan Financing, or (C) any liability under or in respect of any banker’s acceptance or banker’s acceptance credit; provided, that
(x) indebtedness of a subsidiary of the Company to any other subsidiary of the Company and (y) indebtedness that qualifies as Non-recourse Securitization Debt shall, in each case, not be deemed to be Indebtedness for purposes of Clause C
above or any other purpose of this Security. 
 “Interest Payment Date”, means a date specified in the first
paragraph of this Note on which an installment of interest on such Security. 
 “Issue Date” means October 17, 2015. 

“Loan Financing” means any money borrowed from (A) a bank, financial institution, hedge fund, pension fund, or
insurance company or (B) any other entity having as its principal business the lending of money and/or investing in loans, in each case other than public or quasi-public entities or international organizations with a public or quasi-public
character. 
 “Maturity” means the date on which the principal of the Security becomes due and payable as herein
provided, whether at the Stated Maturity or by declaration of acceleration, notice of repayment or otherwise. 
 “Material
Subsidiary” means Ferrari S.p.A. (and any other subsidiary of the Company which Ferrari S.p.A. is consolidated or merged with or into or to whom all or substantially all of the assets of such entity is sold, assigned, transferred, leased or
otherwise disposed of). 
 “Non-recourse Securitization” means any securitization, asset backed financing or
transaction having similar effect under which an entity (or entities in related transactions) on commercially reasonable terms: 

(1) acquires receivables for principally cash consideration or uses existing receivables; and 

(2) issues any notes, bonds, commercial paper, loans or other securities (whether or not listed on a recognized stock exchange) to fund the
purchase of or otherwise backed by those receivables and/or any shares or other interests referred to in Clause (3)(b) under “Permitted Liens” below and the payment obligations in respect of such notes, bonds, commercial paper, loans
or other securities: 
 (a) are secured on those receivables; and 

(b) are not guaranteed by any subsidiary of the Company (other than as a result of any Lien which is granted by any subsidiary of the Company
as permitted by Clause (3)(b) under “Permitted Liens” below or as to the extent of any Standard Securitization Undertakings). 

  
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 “Non-recourse Securitization Debt” means any Indebtedness incurred by a
Securitization Entity pursuant to a securitization of receivables where the recourse in respect of that Indebtedness to the Company is limited to: 

(1) those receivables and/or related insurance and/or any Standard Securitization Undertakings; and 

(2) if those receivables comprise all or substantially all of the business or assets of such Securitization Entity, the shares or other
interests of any subsidiary of the Company in such Securitization Entity. 
 provided that any Indebtedness not qualifying as
Non-recourse Securitization Debt solely because the extent of recourse to any subsidiary of the Company with respect to such Indebtedness is greater than that provided in Clauses (1) and (2) of this definition shall only not qualify as
Non-recourse Securitization Debt with respect to the extent of such additional recourse. 
 “Permitted Liens”
means: 
 (1) Liens existing on the Issue Date; or 

(2) Liens arising by operation of law, by contract having an equivalent effect, from rights of set-off arising in the ordinary course of
business between the Company and any of the Company’s respective suppliers or customers, or from rights of set-off or netting arising by operation of law (or by contract having similar effect) by virtue of the provision to the Company of
clearing bank facilities or overdraft facilities; or 
 (3) any Lien over: 

(a) the receivables of a Securitization Entity (and any bank account to which such proceeds are deposited) which are subject to a Non-recourse
Securitization as security for Non-recourse Securitization Debt raised by such Securitization Entity in respect of such receivables; and/or 

(b) the shares or other interests owned by any subsidiary of the Company in any Securitization Entity as security for Non-recourse
Securitization Debt raised by such Securitization Entity provided that the receivables or revenues which are the subject of the relevant Non-recourse Securitization comprise all or substantially all of the business of such Securitization Entity; or

 (4) any Liens on assets acquired by a subsidiary of the Company after the Issue Date, provided that (i) such Lien was existing or
agreed to be created at or before the time the relevant asset was acquired by a subsidiary of the Company, (ii) such Lien was not created in contemplation of such acquisition, and (iii) the principal amount then secured does not exceed the
principal amount of the committed financing then secured (whether or not drawn), with respect to such assets at the time the relevant asset was acquired by a subsidiary of the Company. 

  
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 “Person” means any individual, firm, corporation, limited liability company,
partnership, joint venture, association, joint stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

“Qualifying Guarantee” means a direct or indirect guarantee in respect of any Indebtedness or a direct or indirect
indemnity against the consequences of a default in the payment of any Indebtedness, other than, in each case, by endorsement of negotiable instruments, letters of credit or reimbursement agreements in the ordinary course of business. 

“Quoted Indebtedness” means any Indebtedness in the form of, or represented by, bonds, notes, debentures, loan stock
or other securities and which at the time of issue is, or is capable of being, quoted, listed or ordinarily dealt in on any stock exchange or over-the-counter market or other securities market (whether or not initially distributed by means of a
private placement). 
 “Record Date” has the meaning set out in first paragraph on the front of the Security. 

“Stated Maturity”, when used with respect to this Security has the meaning specified in the first paragraph of this Note.

 “Securitization Entity” means any special purpose vehicle created for the sole purpose of carrying out, or
otherwise used solely for the purpose of carrying out a Non-recourse Securitization. 
 “Security Register” refers to
the security register maintained by the Company. 
 “Standard Securitization Undertakings” means
representations, warranties, covenants and indemnities entered into by any subsidiary of the Company from time to time which are customary in relation to Non-recourse Securitization, including any performance undertakings with respect to servicing
obligations or undertakings with respect to breaches of representations or warranties. 

  
 -11-EX-10.2

 Exhibit 10.2 

ENGLISH TRANSLATION OF THE “ACCORDO QUADRO” ENTERED INTO BY AND BETWEEN FERRARI S.P.A. AND MASERATI S.P.A. ON DECEMBER 4, 2006 

FRAMEWORK AGREEMENT 
 This Framework
Agreement (the “Agreement”) is signed on December 4, 2006 between: 
  

	(1)	Ferrari S.p.A., with registered office in Via Emilia Est 1163, 41100 Modena (hereinafter “Ferrari”); 

and 
  

	(2)	Maserati S.p.A., with registered office in Viale Ciro Menotti 322, 41100 Modena (hereinafter “Maserati”). 

(Ferrari and Maserati, collectively the “Parties”, each of which a “Party”) 

WHEREAS: 
  

	(A)	a collaboration agreement currently exists between Ferrari and Maserati designed to achieve efficiencies and economies for intragroup purposes by means of business synergies; 

 

	(B)	that agreement involves various areas of the business organization; 

  

	(C)	the Parties also intend to continue collaboration after the division between Ferrari and Maserati, which has already taken place; 

  

	(D)	it is the Parties’ intention to summarize herein the general principals on which their future collaboration should be based by governing the executive agreements in a general manner in advance. 

Now and therefore 
 THE PARTIES HAVE AGREED UPON THE
FOLLOWING 
  

	1.	OBJECT OF THE AGREEMENT 

 The Parties intend to continue their collaboration by the
following means: 
  

	1.1	Supply Contract 

  
 1 

 Maserati would like to engage Ferrari, which would like to accept, to provide supplies in the
Drivetrains area. 
  

	1.2	Service Contracts 

 Maserati engages Ferrari, which accepts, to render services to
Maserati in the following areas: 
  

	 	•	 	Communications; 

  

	 	•	 	Communication Systems; 

  

	 	•	 	Brand Development (governed by the specific “Brand development services contract”); 

  

	 	•	 	Raw car body painting (governed by the specific “Car body painting services contract”). 

  

	1.3	Collaboration Contract 

 The Parties intend to continue their collaboration in the
following areas: 
  

	 	•	 	Spare Parts; 

  

	 	•	 	Research and Development. 

  

	2.	EXECUTIVE AGREEMENTS 

 For the areas referred to in Sections 1.1-1.3, the Parties
undertake to arrange separate executive supply, service and collaboration contracts which will include the specific services to be provided and the consideration to be paid. 

Such agreements shall have the following minimum contents: 
  

	2.1	Supply Contract 

 Drive trains: 

supply of all the engines; foundry (base, sub-base, right and left head), Engineering (manufacturing of left and right heads, manufacturing of
driveshaft), Assembly (preparation of piston rods and pistons, cylinder heads, camshafts, intake manifold, assembly of base with sub-base, engine completion per specifications). 

 

	2.2	Service Contract 

 The Parties undertake to enter service contracts for the activities
stated in Section 1.2. Each service contract will lead to the supply of services, consequently Ferrari will maintain its own organizational autonomy over the personnel in charge of the service, control and disciplinary responsibility. The
service will mainly be rendered at Ferrari’s factories using its own tools; the personnel assigned to the service by Ferrari may occasionally visit the Maserati premises to perform controls and inspections and obtain documentation. 

  
 2 

	2.3	Collaboration Contract 

 The Parties undertake to sign a contract that governs their
collaboration in the areas stated in Section 1.3. To ensure that this collaboration is being properly carried out, the Parties undertake to reciprocally notify each other of the names of the people involved in the processes and exchange all
documents or know-how and necessary and useful resources. 
  

	2.4	The Supply Contract, the Service Contracts and the Collaboration Contracts shall be referred to in the following collectively as the “Contracts”. 

 

	3.	CONTRACT MANAGEMENT 

  

	3.1	This Agreement establishes all the general principles applicable to this Agreement and the Contracts to the extent that they are not explicitly and validly derogated in any one of the Contracts; such derogation shall in
any case only hold in relation to the Contract in which that derogation appears. 

  

	3.2	Save the provisions of Sections 3.1 and 8.5, this Agreement and each of the Contracts constitute stand alone separate entities and understandings. The expiry or valid termination of any one of the Contracts shall leave
the remaining Contracts unaltered, valid and fully challengeable by the Parties, unless otherwise provided in the Contracts themselves or logically inferable from the circumstances. 

 

	3.3	The Premises shall form an integral and essential part of this Agreement, additionally contributing to the determination of the rights and obligations of the Parties as well as their intentions and prerogatives.

  

	3.4	This Agreement and the Contracts, to the extent that the latter have been validly signed by the Parties and are valid and binding for them, constitute the entirety of the agreements reached between the Parties with
reference to the object stated in Article 2. 

  

	4.	CONSIDERATION 

 The consideration and reimbursements together with each and every other
economic aspect relating to the supply, the rendering of the services and the collaboration relationships shall be expressly stated in each of the single Contracts. 

  
 3 

	5.	INTELLECTUAL PROPERTY 

  

	5.1	The following shall be established from time to time in respect of relations (current and/or future) forming part of the collaboration contracts (e.g. R&D, engineering, codesign, etc.) and the service contracts
(e.g. information systems), with regard to each project/service: (i) who shall be entitled to the ownership of the industrial/intellectual property rights of the project/service, (ii) who shall be entitled to the separable
improvements/enhancements and (iii) finally who may commercially exploit the industrial/intellectual property rights as per (i) and (ii). 

  

	5.2	Unless otherwise established, and without prejudice to third party rights, Ferrari shall own the industrial/intellectual property rights (and this because services having the exclusive object of realizing an invention,
whose intellectual property belongs to the contractor Maserati while Ferrari provides mere services directed towards the result of others, are not part of this accord). 

 

	5.3	If pursuant to the previous paragraphs the ownership of the industrial/intellectual property rights – always without prejudice to third party rights – belongs to Ferrari, the means for achieving the commercial
exploitation of said rights (to the result) shall be agreed and, where necessary, licenses for the exploitation of patents, models, know-how, etc. shall also be agreed. 

 

	5.4	It is agreed that separable inventions due to the sole activity of Maserati shall remain the property of Maserati, but the latter shall grant a free of charge exploitation license to Ferrari if said invention is
connected with a discovery used by Ferrari. 

  

	5.5	If technologies are shared for mutual exploitation, such shall continue to belong to the respective owner throughout the life of the sharing agreement. If these shared technologies are necessary for exploiting a product
of one of the two Parties, the Parties will arrange for the granting of mutual agreements for the exploitation of said technologies. 

  

	5.6	In case of technology transfer, without prejudice to the prohibition to assign such to third parties Ferrari may limit the exploitation of the transfer of the technology to one specific field of use (e.g. to model XXX
or to all engines having a displacement of YYY); it shall in any case be agreed that if there is a change of control in the structure of Maserati and if the transferred technology has already been applied to the product at the time of the change of
control, Maserati or its successors may continue to use it but solely for Maserati brand products. 

  

	5.7	In any case Ferrari shall not intervene in order to come to an agreement on the resale price of the goods or on a limitation of production. 

 

	5.8	If the secret, substantial and identified know-how of Ferrari, Maserati or its successor is transferred during the collaboration relationship or the service supply relationship, there is the undertaking to keep it
secret and immediately return it if the relationship should cease. 

  
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	5.9	It is noted that even if Maserati personnel and engineers should collaborate in the project/service, the project/service (and in particular the invention) shall not be considered performed (or the invention construed)
inside Maserati or by employees of Maserati or the latter’s successors. 

  

	6.	CONFIDENTIALITY 

  

	6.1	The Parties mutually acknowledge and recognize that during their collaboration they may acquire confidential information, technical information and commercial secrets which are exclusive and confidential as far as the
other party is concerned (collectively “Confidential Information”). 

  

	6.2	Each of the Parties undertakes not to disclose the Confidential Information to third parties or use it for a period of 3 (three) years from the date of cessation of the Agreement, for any reason whatsoever. In addition,
each of the Parties undertakes: 

  

	 	(i)	to deploy suitable measures to prevent the disclosure of the Confidential Information and to ensure that its employees, collaborators and service providers comply with the confidentiality commitment as per this Article
6; 

  

	 	(ii)	to return or destroy all the copies of the Confidential Information at the request of the other Party. 

For the purposes of this Article, the following shall not be considered Confidential Information: 

 

	 	(i)	information in the public domain or which has entered the public domain for a reason other than its disclosure to the public or third parties in breach of the Agreement; and/or 

 

	 	(ii)	information that is legitimately owned by the Parties; and/or 

  

	 	(iii)	information that has been autonomously processed without using the Confidential Information; and/or 

  

	 	(iv)	information disclosed as the result of the order of a public authority or as a requirement of law, on condition that, where possible, the disclosure by one Party is preceded by a written communication to the other
Party. 

  

	6.3	The information and data provided by one Party to the other Party may only be used if strictly related to this Agreement. 

  

	6.4	Assuming full responsibility, the Parties confirm – irrevocably and with no exception or objection whatsoever – their respective obligations to the terms of this Article 6, for themselves and for their
employees, corporate bodies, executives, representatives, auxiliary workers and people or companies involved by them in any way in this Agreement. 

  
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	7.	DATA PROTECTION 

 Disclosure pursuant to article 13 of Legislative Decree no. 196/2003
“Personal Data Protection Code”. 
 In accordance with article 13 of Legislative Decree no. 196/2003, each of the Parties
acknowledges and accepts that the personal data and information regarding the other Party and provided by that Party in performing this Agreement shall be collected, stored and processed by the recipient Party in compliance with the above-mentioned
legislation and relative implementation regulations in order to permit the effective performance of the obligations of the Agreement. In relation to the stated purpose, personal data will be processed using suitable hard copy and /or electronic
means, with a logic strictly related to such purpose and in any case capable of ensuring the security, secrecy and confidentiality of the data. 

Personal data may be transmitted and transferred outside Italy in accordance with current laws and regulations, including to countries which
are not members of the European Union. 
 Providing personal data is mandatory as far as concerns all legal and contractual requirements, and
accordingly the failure to provide consent to the processing and communication of personal data and information will lead to the impossibility of one Party to fulfil the obligations deriving from its relation with the Party that does not provide
such data. 
 Each of the Parties may however avail itself at any time of its rights under section 7 of Legislative Decree no. 196/2003 and
may request the erasure, rectification, updating or integration of its data. 
 The data controllers shall be respectively: 

Ferrari S.p.A. with registered office at Via Emilia Est 1163, Modena. The data supervisor is Mr. Mario Almondo, with domicile for such
position at that registered office. 
 Maserati S.p.A. with registered office at Viale Ciro Menotti 322, Modena. The data supervisor is
Mr. Luigi Torlai with domicile for such position at that registered office. 
  

	8.	EFFECTIVE DATE, DURATATION, TERMINATION AND CONSEQUENCES 

  

	8.1	This Agreement shall come into force on January 2, 2006 and shall be fully valid and effective for as long as at least one of the Contracts is still in force and up until the expiry date – which in any case
shall have passed – of the last of such. 

  
 6 

	8.2	Either of the Parties may withdraw from this Agreement at any time with immediate effect in the case of the total or partial cessation of the industrial or commercial activity of any one of the two or its attested
insolvency, even if not yet declared by way of a sentence of bankruptcy, receivership, creditors’ composition or liquidation. 

  

	8.3	In the event of remediable contractual breaches of this Agreement or the Contracts, the Party requesting performance shall provide the non-performing Party with a reasonable period of time, but in any case not less than
30 (thirty) working days, to properly fulfil its obligations. In the event of non-remediable breaches or remediable contractual breaches for which remedy has not been provided within the allocated time period stated in this Section 8.3,
pursuant to and in accordance with article 1456 of the Italian civil code the Party requesting performance shall be entitled to terminate this Agreement at any time by means of a registered letter with acknowledgement of receipt sent to the
non-performing Party. 

  

	8.4	Any decision by one of the Parties not to contest the non-performance of the other Party shall not deprive the Party that is not the non-performing Party of the termination right under the terms of this Agreement in the
event of a subsequent similar or different act of non-performance by the other Party, nor of the right to request the performance of each and every obligation of the other Party under this Agreement or the Contracts. 

 

	8.5	Ferrari shall additionally have the option to terminate this Agreement and/or each of the Contracts (also separately) giving notice of 30 (thirty) calendar days if there is a change of control in the shareholding
structure of Maserati. It is agreed that if the mentioned change in the ownership structure of Maserati should take place, the valid termination of this Agreement shall cause eo ipso the termination of each and every one of the Contracts
without the need for providing specific cancellation, given nevertheless that the consequences of the termination of each of the Contracts shall be determined on the basis of the specific contractual obligations. 

 

	9.	DAMAGES 

 Compensation for damages shall solely be due in the case of the willful
misconduct or gross negligence of the non-performing Party. In no case may the amount of the compensation exceed the consideration of the non-performing Party as established in the Contracts in force at the time when the damage originated. 

 

	10.	FORCE MAJEURE AND TERMINATION 

 Neither of the Parties shall be considered responsible in
the event of a failure to perform or a delay in the performance of its contractual obligations in the event in which such non-performance or delay is attributable to causes of force majeure. 

 

	11.	INDEPENDENCE 

  
 7 

	11.1	This Agreement shall not create and/or shall not be construed as establishing a special or fiduciary relationship between the Parties. Ferrari and Maserati remain independent contractors and nothing in this Agreement is
or can be understood as construing that one of the Parties is the agent, legal representative or otherwise representative, proxy, subsidiary, member of a joint venture, partner, worker or employee of the other in any capacity. 

 

	11.2	For the entire duration of this Agreement, Ferrari and Maserati shall act as an independent contractor with respect to all third parties. Nothing in this Agreement shall authorize either of the Parties to enter
agreements, pledge guarantees or assume commitments on behalf of the other Party or assume debts or other obligations in the name of the other Party, unless previously authorized by that other Party. 

 

	11.3	Unless previously authorized in writing by the other Party, Ferrari and/or Maserati shall not be entitled to use the name of the other Party or any other denomination pertinent to the other Party nor may they make
mention of the principle and means of participation of the other Party in this Framework Agreement. 

  

	12.	GENERAL MATTERS 

  

	12.1	Validity 

 If any of the Sections of this Agreement is (or subsequently becomes) null and
void, annullable, invalid, illegal or in any case ineffective, it shall be excluded from this Agreement and shall not have any consequence on the other Sections of the latter. The provision judged ineffective shall be replaced by a valid provision,
which shall enable the result sought by the cancelled provision to be achieved to the greatest extent possible; if this should turn out to be impossible, the Agreement shall remain fully valid and operational without the excluded provision to the
extent that this does not make it objectively impossible to execute the Agreement. 
  

	12.2	Amendments 

 This Agreement may only be amended or extended on the basis of a written
document signed by both Parties. 
  

	12.3	Parties 

 This Agreement is binding and shall be to the benefit of the Parties and their
respective successors for any reason or cause whatsoever, except for the provisions of Section 8.5; these shall be bound to hold to the conditions contained in such. In this respect each of the Parties undertakes in any case to immediately
notify the other Party as to any important fact, without prejudice to the rights provided by this Agreement. 
  

	12.4	Communications 

 Any notice or communication issued on the basis of this Agreement shall
be carried out by means of a registered letter with acknowledgement of receipt or fax sent to the addresses indicated at the introduction to this Agreement and 

  
 8 

 
shall be understood to have been received at the date stated on the acknowledgement of receipt for a registered letter or at the date stated on the dispatch confirmation for a fax, or shall be
sent to the addresses or fax numbers that each Party may subsequently notify to the other Party in the above-mentioned forms. 
  

	13.	APPLICABLE LAW AND ARBITRATION CLAUSE 

  

	13.1	This Agreement and all relationships between the Parties shall be governed by Italian law. 

  

	13.2	All disputes deriving from this Agreement, including those relating to its validity, interpretation, performance and termination, shall be remitted to a sole arbitrator in accordance with the National Arbitration Rules
of the Chamber of National and International Arbitration of Milan which the Parties state they know and fully accept. The sole arbitrator shall proceed according to standard procedures and in accordance with the law. 

 

	14.	DECLARATION PURSUANT TO LEGISLATIVE DECREE NO. 231/2001 

 Each Party declares that it
knows the contents of Legislative Decree no. 231 of June 8, 2001 and its implications for the other Party; in this respect, it declares that neither itself not its directors have ever been implicated in judicial proceedings relative to any type
of offence contemplated by such. 
 Each Party also declares that it knows the Organization, Management and Control Model pursuant to
Legislative Decree no. 231/2001 adopted by the company (hereinafter the “Model”), as well as the “Code of Conduct of the Fiat Group” (adopted by Fiat S.p.A. by way of a resolution of its board of directors dated
December 10, 2002), applicable to the whole Group and transposed by Ferrari by way of a resolution of its board of directors dated March 19, 2003 (hereinafter the “Code of Conduct”). 

The Parties undertake to keep to a conduct compliant with the provisions and prescriptions contained in Legislative Decree no. 231/2001,
the Model and the Code of Conduct for the entire duration of the Agreement. 
 The failure of either one of the Parties to comply with any
one of the provisions of said decree, Model and/or Code of Conduct will lead to serious non-performance of the obligations of this Agreement and will entitle the other Party to terminate the Agreement with immediate effect pursuant to and in
accordance with article 1456 of the Italian civil code, without in any case prejudicing the rights to compensation for damages should harmful consequences derive to it as the result of the conduct. 

  
 9 

 Read, approved and signed on the date indicated at the introduction to this Agreement with full and irrevocable
binding effect for the Parties. 
  

			
	/s/ Amedeo Felisa	  	/s/ Roberto Ronchi
		
	 Ferrari S.p.A
 Amedeo Felisa

General Manager
	  	 Maserati S.p.A
 Roberto Ronchi

Chief Executive Officer

 After verifying the contents of the following provisions of the Agreement the Parties explicitly approve them in accordance
with the provisions of articles 1341 and 1342 of the Italian civil code: 
  

	Article 5	Intellectual property 

	Section 8.3	Express termination clause 

	Article 9	Damages 

	Article 13	Applicable law and arbitration clause 

  

			
	/s/ Amedeo Felisa	  	/s/ Roberto Ronchi
		
	 Ferrari S.p.A
 Amedeo Felisa

General Manager
	  	 Maserati S.p.A
 Roberto Ronchi

Chief Executive Officer

  
 10

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