Document:

Exhibit 4.9

 

 

 

13.
Decembre 2021

 

 

 

AGREEMENT
ON COST ALLOCATION FOR THE PROVISION OF SHARED SERVICES

 

 

 

between

 

ads-tec
Energy GMBH

Heinrich-hertz-Str. 1

72622 Nürtingen

 

hereinafter also referred to as “ads E GmbH
or service provider”

 

and

 

ADS-Tec
Energy inc.

16302 Kendleshire Terrace

Lakewood Ranch, FL 34202, United States

 

hereinafter also referred to as “ads E Inc
or service user”

 

and

 

ads-tec
Enery plc.

Mespil Business Centre, Mespil House

Sussex Road, Dublin 4, Ireland

 

hereinafter also referred to as “ads E plc
or service user”

 

hereinafter jointly and severally also referred
to as “Service user”

 

     

     

    

 

 

 

Contents

 

	CLAUSE	 	PAGE
	 	 	 
	1.	Preamble	3
	 	 	 
	2.	Types of services	3
	 	 	 
	3.	Cost allocation	3
	 	 	 
	4.	Profit Markup	4
	 	 	 
	5.	Settlement and adjustment of cost allocation	5
	 	 	 
	6.	Amount of advance payments	5
	 	 	 
	7.	Value added tax	5
	 	 	 
	8.	DUE DATE, SETTLEMENT, TERM	5
	 	 	 
	9.	Salvatory clause	5

 

    2

     

    

 

 

 

		1.	Preamble

 

Due to restructuring and “De-SPAC”
proceedings, ads-tec Holding GmbH will in future only hold an indirect interest in ads E GmbH via ads E plc. Ads-tec Holding GmbH is also
a shareholder in ads-tec Admin GmbH. Both companies provide shared services to ads E plc, ads E Inc and ads E GmbH. Furthermore, ads E
GmbH provides shared services to ads E Inc and ads E plc. This agreement is concluded in this context.

 

The costs for these services are allocated
to the service users in accordance with this agreement. The costs are allocated in accordance with the principle of exchange of services
and causation. In addition, a corresponding profit mark-up is passed on in each case to ensure that the services are provided at arm’s
length.

 

When interpreting this agreement,
the aim of the parties involved is to ensure that this agreement is recognized for tax purposes and, in case of doubt, to observe the
BMF letter dated July 5, 2018 “Grundsätze für die Prüfung der Einkunftsabgrenzung zwischen international verbundenen
Unternehmen”.

 

		2.	types of services

 

The service provider provides shared
services to the service users. These include in particular services in the following areas:

 

		-	Finance and accounting as well as EDV

 

		-	Legal and tax consulting

 

		-	Compliance and risk

 

		-	Investor relation

 

		-	Human Resources

 

		-	Information technology

 

		3.	cost allocation

 

The service provider levies a cost
allocation for its services according to the cost-plus method using allocation keys.

 

The costs related to the service provider’s
services, regardless of their nature, shall be allocated to the service users on the basis of the causation principle. In addition to
personnel costs, the allocation also applies to all material costs of the service provider on a full cost basis, which are to be allocated
to the service users in accordance with the causation principle, insofar as they result in a benefit for them.

 

    3

     

    

 

 

 

For the apportionment of costs, the
actual usage and causation context in the respective business year of the service provider shall apply - to the extent as far as possible.

 

The attributable and apportionable
costs are allocated to the service users as follows:

 

		-	Personnel and other costs related to the service provider’s own administrative activities are not apportioned
to the service users. Costs of the service provider’s own administration and management are therefore not apportionable.

 

		-	Personnel costs incurred as a result of acting for both service users or their subsidiaries are initially
borne by ads E Inc for administrative reasons. Personnel costs include compensation and all related costs such as, but not limited to,
salary and taxes, profit sharing, social security costs, fringe benefits and similar employment costs (so-called “compensation expenses”).
ads E Inc is reimbursed by ads E plc for the portion of the compensation expenses attributable to ads E plc in accordance with the arm’s
length principle. Within the scope of this reimbursement, compensation expenses are allocated according to the time spent on the activities
for the respective service user.

 

		-	Costs for the use of facilities or other property of the service provider by the service users or their
subsidiaries shall be allocated according to the principle of causation in accordance with a fair, reasonable and arm’s length allocation
of the costs and expenses associated with such use. These costs include in particular, but are not limited to, expenses for room rent,
legal and accounting fees, telephone and fax costs, travel expenses, technical and communications support costs, and administrative or
similar office costs (so-called “common overhead costs”).

 

		-	In the event that the parties jointly contract with third party service providers or otherwise jointly
benefit from any party’s contracts with third party service providers (which are not otherwise already included as joint overhead costs),
the parties shall agree on a fair, reasonable and arm’s length allocation of the costs or expenses related to such third party service
providers. An appropriate measure of apportionment in this regard may be the time expended by the third party service provider that is
attributable to the respective contracting party

 

		4.	Profit Markup

 

A profit markup of 5% is applied to
all allocable costs (including overhead) when allocating costs.

 

    4

     

    

 

 

 

		5.	settlement and adjustment of cost allocation

 

Preliminary billing is based on monthly
advance payments. The cost shares planned for 2022 are shown in Annex 1. For subsequent years, a new annex shall be prepared by December
15 of the respective previous year.

 

The service provider is entitled at
any time to adjust the advance payments to the actual cost shares and the currently expected costs for the current year. In case of significant
changes, the service provider is obliged to adjust the advance payments.

 

The final determination of the cost
shares to be allocated shall be made within the framework of the preparation of the annual financial statements for the past year on the
basis of the determination of the actual allocable costs of the service provider as well as the ACTUAL revenues and ACTUAL employee numbers
at the service users.

 

		6.	Amount of advance payments

 

Results from Annex 1.

 

		7.	Value added tax

 

The cost allocation is owed in addition
to the statutory value added tax.

 

		8.	DUE DATE, SETTLEMENT, TERM

 

The advance payments on the cost allocation
are due at the end of the month, to be posted to the clearing account between the parties involved and paid in the following month.

 

The peak settlement for the previous
year, which is carried out within the framework of the preparation of the financial statements, is to be booked to the clearing account
between the parties involved, due at the end of the month following the approval of the financial statements of ads E GmbH and then paid
in the following month.

 

The agreement runs until December
31, 2024 and is automatically extended by one year if it is not terminated in writing by one of the parties three months before the end
of the term. Irrespective of the term, the contracting parties are obliged to review the above agreements annually with regard to their
appropriateness and arm’s length nature and to adjust them if necessary.

 

		9.	Salvatory clause

 

		9.1	The invalidity or unenforceability of one or more provisions of this contract shall not affect the validity
of the remaining provisions of this contract. The same shall apply in the event that the contract does not contain a provision that is
necessary in itself.

 

		9.2	The ineffective or unenforceable provision or to fill the gap in the provision, the parties shall agree
on a legally permissible and enforceable provision that comes as close as possible in economic terms to the sense and purpose of the ineffective,
unenforceable or missing provision according to the understanding of the parties.

 

This Agreement was entered into on the date written
at the beginning hereof

 

    5

     

    

 

SIGNATURES

 

	ads-tec Energy GmbH	 	 
	 	 	 
	represented by:	 	 
	 	 	 
	/s/ Thomas Speidel 	 	/s/ Robert Vogt
	Name: 	Thomas Speidel	 	Robert Vogt
	Title:	CEO	 	CFO

 

	Ads-tec Energy, Inc.	 
	 	 
	represented by:	 
	 	 
	/s/ John Neville	 
	Name:	 John Neville	 
	Title:	President	 

 

	Ads-tec Energy, plc.	 
	 	 
	represented by:	 
	 	 
	/s/ Thomas Speidel	 
	Name:	 Thomas Speidel	 
	Title:	CEO	 

 

 

6Exhibit 4.10

 

 

 

EMPLOYEE SHARING AND COST SHARING AGREEMENT

 

THIS EMPLOYEE SHARING AND
COST SHARING AGREEMENT (this “Agreement”) is made to be effective as of 23.12, 2021, by and among ads-tec Energy, Inc.,
a Delaware corporation (“Inc.”) and ads-tec Energy plc, a public limited liability company incorporated in Ireland
(“plc”), (Inc. and plc collectively, the “Parties” and each a “Party”).

 

WHEREAS, Inc. and
plc mutually agree that it is in each of their best interests to share the costs and expenses associated with certain employees, certain
facilities and property, and certain arrangements with third parties and that for ease of administration, one of the Parties may pay such
costs and expenses on behalf of each of the Parties and their subsidiaries all upon the terms and conditions set forth in this Agreement;

 

WHEREAS, pursuant to this
Agreement, any Party benefitting by the other Party’s payment of any such costs and expenses intends to reimburse the paying Party
for its arm’s length share of any such costs and expenses.

 

WHEREAS, it is the intent
of the Parties that no Party will derive a profit from amounts received pursuant to this Agreement nor will any Party deduct any costs
and expenses reimbursed to such Party pursuant to this Agreement; and

 

WHEREAS, it is the intent
of the Parties that this Agreement will not create a joint venture or partnership among the parties hereto and nothing stated herein shall
be deemed to create any such relationship among them.

 

NOW, THEREFORE, in consideration
of the forgoing and of the mutual covenants and agreements set forth herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Parties hereto agree as follows:

 

Section 1. Covered Services.

 

1.1 In
the event that any individual acts as an employee of, or otherwise provides services to, both Parties (and/or their subsidiaries) such
employee shall be treated as a “Shared Employee”. For administrative convenience, all compensation and related costs
of such Shared Employee shall be paid by Inc. Inc. shall be reimbursed by plc for its arm’s length share of such costs and expenses.
The amount owed by a Party as its share of costs and expenses for services of a Shared Employee pursuant to this Agreement shall be an
amount equal to the costs for employment expenses, including without limitation, salary and taxes, any profit sharing and 401(k) plans,
medical and other insurance, fringe benefits and other similar employment expenses (collectively, "Shared Compensation Expenses")
with respect to such Shared Employee, as allocated in an amount reasonably determined to approximate the expense that would have been
paid for the estimated portion of such Shared Employee's time spent providing services to such Party, in proportion to the amount of the
Shared Employee's time spent providing services to such Party (or its subsidiaries).

 

1.2 In
the event a Party or its subsidiaries uses the facilities or other property of, or otherwise paid for by, the other Party, the Parties
agree to allocate fairly and reasonably between them any costs and expenses relating thereto, including, without limitation, facility
costs, which includes rental of space, legal and accounting expenses, telephone and fax costs, travel expenses, costs of technical and
communications support, and shared administration and other similar office expenses ("Shared Overhead Expenses") incurred
by the Parties.

 

     

     

    

 

 

 

1.3 In
the event the Parties jointly contract with any third-party services provider or otherwise jointly benefit from any Party’s contract
with any third-party services provider (not otherwise taken into account as a Shared Overhead Expense), the Parties agree to allocate
fairly and reasonably between any costs or expenses relating to such third-party services (“Shared Services Expenses”).

 

1.4 Any
Shared Compensation Expenses, Shared Overhead Expenses or Shared Services Expenses, payable pursuant to this Agreement shall reflect actual
allocated costs, with no profit for the reimbursed Party.

 

1.5 Each
Party agrees that it will not deduct on its federal income tax return any expenses for which it has received, or is entitled to receive,
reimbursement pursuant to this Agreement.

 

1.6 Allocations
of Shared Compensation Expenses, Shared Overhead Expenses and Shared Services Expenses shall be determined, and applicable reimbursements
paid, on a quarterly basis.

 

1.6.1 Within
10 days of the end of each month, Inc. shall submit to plc any Shared Compensation Expenses, Shared Overhead Expenses and Shared Services
Expenses incurred by it during such month and shall provide to plc from time to time such information as shall be requested by plc in
order to determine the amount and proper allocation of Shared Compensation Expenses, Shared Overhead Expenses and Shared Services Expenses.
By the 30th day after the end of each fiscal quarter, plc shall submit to Inc. a calculation of the amount and allocation of Shared Compensation
Expenses, Shared Overhead Expenses and Shared Services Expenses and resulting reimbursement payment obligations for the previous fiscal
quarter. Upon the request of Inc., plc shall provide written records reasonably satisfactory to Inc. supporting such calculation and shall
permit Inc.’s certified public accountants to review, inspect (during normal business hours) and audit all books and records of
plc regarding the amount and allocation of Shared Compensation Expenses, Shared Overhead Expenses or Shared Services Expenses, provided
that all expenses of such review shall be expenses solely of Inc.

 

 1.6.2 All reimbursements owing for a fiscal
quarter shall be paid within [ ] days of receipt of the calculation of the amount and allocation of Shared Compensation Expenses, Shared
Overhead Expenses and Shared Services Expenses and resulting reimbursement payment obligations. 

 

Section 2. Term, Termination and Default.

 

2.1 Term.
This Agreement shall commence on the date of this Agreement and, except as otherwise provided herein, shall continue for an initial term
of 3 years (the "Initial Term"); provided, however, that this Agreement shall automatically renew for successive one
year periods unless terminated by either party by written notice to the other party at least thirty (30) days prior to the expiration
of the Term for any renewal thereof.

 

    2

     

    

 

 

 

2.2 Default.
If either Party defaults in any material respect in performing any of its obligations under this Agreement and such default is not cured
within 30 days after notice thereof is given by the other Party to the defaulting Party, then the Party providing notice of such default
shall have the right to terminate this Agreement by giving written notice to that effect to the defaulting Party, provided that if such
default is curable but is of such nature that it cannot reasonably be cured within such 30-day period, then the cure period shall be extended
for a reasonable period of time thereafter, so long as the defaulting Party promptly after receiving such notice commences to cure such
default and thereafter proceeds with reasonable diligence to complete the curing thereof.

 

2.3 Bankruptcy.
Any Party may terminate this Agreement by written notice to the other if:

 

(a) The
other Party files any petition seeking any liquidation, reorganization, arrangement, or readjustment under any present or future applicable
statute or law relative to bankruptcy, insolvency or other relief for debtors, or the other Party consents to or acquiesces in the filing
of any such petition;

 

(b) A
court of competent jurisdiction enters an order, judgment or decree approving a petition described in subsection 2.3(a) hereof filed against
a Party and such order, judgment or decree shall remain unvacated or unstayed for a period of 90 days; The other Party admits in writing
its inability to pay its debts as they mature;

 

(c) The
other Party admits in writing its inability to pay its debts as they mature; or

 

(d) The
other Party makes an assignment for the benefit of creditors or takes any other similar action for the protection or benefit of creditors.

 

2.4 Effect
of Termination. Upon any termination of this Agreement, the Parties shall forthwith (a) pay over to the defaulting party all money
collected and held for the account of the defaulting Party pursuant to this Agreement, after deducting any accrued compensation and reimbursement
for its expenses to which it is then entitled, (b) deliver to such defaulting Party, a full accounting, including a statement showing
all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished
to the defaulting Party, (c) deliver to such defaulting Party, such contracts, documents, papers and records pertaining to this Agreement
as such defaulting Party may request, and (d) furnish all such information and take all such actions as such defaulting Party shall reasonably
require in order to effectuate an orderly and systematic termination of the duties and activities hereunder. In conjunction therewith,
the defaulting Party shall pay the other party to this Agreement all fees and other amounts that have accrued under this Agreement, but
which are unpaid as of the termination of this Agreement (and are not effectively paid pursuant to clause (a) above).

 

Section 3. Notices.

 

3.1 Each
notice, demand, request, consent, report, approval or communication (each a "Notice") which is or may be required to
be given by either Party to the other Party in connection with this Agreement and the transactions contemplated hereby, shall be in writing,
and given by facsimile, personal delivery, receipted delivery service, or by certified mail, return receipt requested, prepaid and properly
addressed to the Party to be served.

 

    3

     

    

 

 

 

3.2 Notices
shall be addressed as follows:

 

If to Inc.:

 

ads-tec Energy, Inc.

16302 Kendleshire Terrace

Lakewood Ranch, FL 34202

Attn: John Neville

 

If to plc:

 

ads-tec Energy plc

10 Earlsfort Terrace Dublin 2 D02 T380
Ireland

Attn: Thomas Speidel

 

3.3 Notices
shall be effective on the date sent via facsimile, the date delivered personally or by receipted delivery service, or 3 days after the
date mailed.

 

3.4 Each
Party may designate by Notice to the others in writing, given in the foregoing manner, a new address to which any Notice may thereafter
be so given, served or sent.

 

Section 4. Entire Agreement. This Agreement
constitutes and sets forth the entire agreement and understanding of the Parties pertaining to the subject matter hereof, and no prior
or contemporaneous written or oral agreements, understandings, undertakings, negotiations, promises, discussions, warranties or covenants
not specifically referred to or contained herein or attached hereto shall be valid and enforceable. No supplement, modification, termination
in whole or in part, or waiver of this Agreement shall be binding unless executed in writing by the Party to be bound thereby. No waiver
of any of the provisions of this Agreement shall be deemed, or shall constitute, a waiver of any other provision hereof (whether or not
similar), nor shall any such waiver constitute a continuing waiver unless otherwise expressly provided.

 

Section 5. Binding Effect. This Agreement
shall be binding upon and shall inure to the benefit of the Parties, each of their respective successors and permitted assigns, but may
not be assigned by either Party without the prior written consent of the other Party, and no other Persons shall have or derive any right,
benefit or obligation hereunder.

 

Section 6. Headings. The headings and
titles of the various paragraphs of this Agreement are inserted merely for the purpose of convenience, and do not expressly or by implication
limit, define, extend or affect the meaning or interpretation of this Agreement or the specific terms or text of the paragraph so designated.

 

Section 7. Governing Law. This Agreement
shall be governed in all respects, whether as to validity, construction, capacity, performance or otherwise, by the laws of the State
of Delaware.

 

Section 8. Severability. If any provision
of this Agreement shall be held invalid by a court with jurisdiction over the parties to this Agreement, then such provision shall be
deleted from the Agreement, which shall then be construed to give effect to the remaining provisions thereof. If any one or more of the
provisions contained in this Agreement or in any other instrument referred to herein shall, for any reason, be held to be invalid, illegal
or unenforceable in any respect, then, to the maximum extent permitted by law, such invalidity, illegality or enforceability shall not
affect any other provisions of this Agreement or any other such instrument.

 

Section 9. Counterparts. This Agreement
may be executed in one or more counterparts, each of which shall be deemed an original, but all of which taken together shall be considered
one and the same instrument.

 

[Signature Page to Follow]

 

    4

     

    

 

 

 

IN WITNESS WHEREOF, the parties
hereto have executed this Agreement as of the date first above written.

 

	 	ads-tec Energy, Inc. 
	 	 	 
	 	By:	/s/ John Neville
	 	 	John Neville
	 	 	President
	 	 	 
	 	ads-tec Energy plc
	 	 	 
	 	By:	/s/ Thomas Speidel
	 	 	Thomas Speidel
	 	 	CEO

 

 

5

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