Document:

EX-10.1

 Exhibit 10.1 

Certain portions of this Exhibit have been redacted pursuant to Item 601(b)(10) of Regulation S-K
and, where applic-able, have been marked with “[***]” to indicate where redactions have been made. The marked information has been redacted because it is both (i) not material and (ii) would likely cause competitive harm if
publicly disclosed. 
 Execution Version 

LONG TERM COLLABORATION AGREEMENT 

between 
 LiveWire EV, LLC

 and 
 Kwang Yang Motor
Co., Ltd. (光陽工業股份有限公司) 
  

							
	Clause	 	Page	  	 	 
	 1.
	 	DEFINITIONS	  	 	1	 
			
	 2.
	 	KEY COOPERATION IN LONG TERM COLLABORATION	  	 	5	 
			
	 3.
	 	MANUFACTURING MATTERS	  	 	6	 
			
	 4.
	 	SUPPLY MATTERS	  	 	10	 
			
	 5.
	 	PRICING PRINCIPLES	  	 	10	 
			
	 6.
	 	SERVICING	  	 	11	 
			
	 7.
	 	FURTHER COOPERATION BETWEEN THE PARTIES	  	 	11	 
			
	 8.
	 	STEERING COMMITTEE.	  	 	13	 
			
	 9.
	 	SECONDMENT OF STAFF	  	 	13	 
			
	 10.
	 	MARKETING; PRESS RELEASE	  	 	14	 
			
	 11.
	 	INTELLECTUAL PROPERTY	  	 	15	 
			
	 12.
	 	DATA PRIVACY AND SECURITY	  	 	18	 
			
	 13.
	 	ELECTRONIC COMMUNICATION	  	 	18	 
			
	 14.
	 	TERM AND TERMINATION	  	 	18	 
			
	 15.
	 	LIMITATIONS ON LIABILITY	  	 	19	 
			
	 16.
	 	MUTUAL REPRESENTATION AND WARRANTIES	  	 	19	 
			
	 17.
	 	CONFIDENTIALITY	  	 	21	 
			
	 18.
	 	INDEMNITY	  	 	21	 
			
	 19.
	 	GOVERNING LAW	  	 	21	 
			
	 20.
	 	DISPUTE RESOLUTION	  	 	22	 
			
	 21.
	 	NOTICES	  	 	22	 
			
	 22.
	 	MISCELLANEOUS PROVISIONS	  	 	23	 

  

 LONG TERM COLLABORATION AGREEMENT 

THIS LONG TERM COLLABORATION AGREEMENT is made as of December 12, 2021 (the “Signing Date”), by and between the following
parties: 
  

	 	(1)	 LiveWire EV, LLC, a Delaware limited liability company, representing for the purpose of this Agreement
also its relevant subsidiaries (collectively as “LW”) and 

  

	 	(2)	 Kwang Yang Motor Co., Ltd.
(光陽工業股份有限公司), a Taiwanese company, representing for the purpose of this Agreement also its relevant subsidiaries
(collectively as “KYMCO”) 

 (LW and KYMCO shall individually be referred to as a
“Party” or collectively as the “Parties”) 
 RECITALS 

 

	A.	 LW and its Affiliates (“LW Group”) has developed and launched an electric motorcycle, owns
relevant Intellectual Property including substantial knowledge in the development of EV powertrains and optimization in the design of EV powertrains (“EV”) and now seeks to combine with a special purpose acquisition company as of
the Effective Date, as defined herein. In an effort to accelerate progress in two-wheel and other EVs, LW is seeking to collaborate with KYMCO to achieve leadership positions across priority global markets for
EV products. 

  

	B.	 KYMCO is one of the leading original equipment manufacturers for premium internal combustion engine scooters
across key global markets with world class experience and resources in connection with the design, development and manufacturing of the same. KYMCO has substantial experience in smaller output EV scooters and related business models, as well as
possessing developmental IP for various large output EV motorcycle concepts. KYMCO also offers advanced high-quality manufacturing capabilities that can be delivered at competitive cost through facilities in multiple countries, along with a track
record of successful collaboration in both manufacturing and design with other premium global OEMs. 

  

	C.	 The Parties believe that there are compelling benefits to cooperate together to realize specific opportunities
in the EV industry. After friendly negotiations, the Parties wish to enter into this Agreement with respect to long term cooperation as described under this Agreement (“Long Term Collaboration”) to target opportunities in the global
EV markets. 

 NOW THEREFORE, the Parties hereby agree as follows: 

 

	1.	 DEFINITIONS 

In addition to the terms defined elsewhere in this Agreement, the following additional defined terms will have the meanings set forth below. The use of any
singular or plural form of a word includes the other form, unless context expressly indicates otherwise. 
  

	1.1	 “Actual Costs” has the meaning given to that expression in Clause 5.1(6).

  

	1.2	 “Affiliate(s)” (a) in relation to KYMCO, means any company, enterprise, or legal entity
directly or indirectly Controlled by KYMCO; (b) in relation to LW, means any company, enterprise, or legal entity directly or indirectly Controlled by LW; and (c) in relation to any other person, means any company, enterprise, or legal
entity directly or indirectly Controlled by such person, Controlling such person or under common Control with such person. 

  

	1.3	 “Agreement” means this Long Term Collaboration Agreement and the following appendices, which
are attached hereto, incorporated herein and shall be deemed as part of this Agreement. In the event of any inconsistency between this main Agreement and its Appendices, this main Agreement shall prevail. 

  
 1 

 Appendix 1: Confidentiality Provisions 

Appendix 2: Data Privacy and Security 

[***] 
 [***] 

Order of Precedence. In the event of any inconsistency or conflict between or among the provisions of the main body of this Agreement
and the documents incorporated herein by reference, the inconsistency shall be resolved by giving precedence in the following order: 
  

	 	(A)	 the main body of this Agreement, including any subsequent mutually agreed amendment (if any) to the main body
of this Agreement; and 

  

	 	(B)	 the Appendices to this Agreement, in the order they are listed in Clause 1.1. 

 

	1.4	 “Average FX Rate” has the meaning given to that expression in Clause 5.1(2).

  

	1.5	 “Change of Control Event” means (a) the sale of all or substantially all of the assets of
a Party, or (b) a sale of equity interests, merger, consolidation, recapitalization or reorganization of a Party, unless the Control of such a Party after such sale of equity interests, merger, consolidation, recapitalization or reorganization
are beneficially owned, directly or indirectly, by the persons who beneficially owned such Party’s Control prior to such transaction. 

  

	1.6	 “Committee Representative” has the meaning given to that expression in Clause 8.2.

  

	1.7	 “Common Product” has the meaning given to that expression in Clause 2.3.

  

	1.8	 “Competitor of LW” means any of the following companies, or their respective Affiliates or
successors, which are engaged in developing, manufacturing, marketing or selling any EV product: [***] and their respective Affiliates or successors. Competitor of LW shall also include any entities which subsequently acquire the EV product business
from any of the above companies (or their respective Affiliates or successors). 

  

	1.9	 “Confidential Information” has the meaning given to that expression in Appendix 1.

  

	1.10	 “Confidential Information of KYMCO” has the meaning given to that expression in Appendix
1. 

  

	1.11	 “Confidential Information of LW” has the meaning given to that expression in Appendix
1. 

  

	1.12	 “Control” means ownership of fifty percent (50%) or more of the share capital or voting stock
of a company, enterprise or other legal entity or the power to appoint the majority of board members or otherwise direct or cause to the direction of the management or policies of a company, enterprise or other legal entity. 

 

	1.13	 “Data” has the meaning given to that expression in Clause 12.1. 

 

	1.14	 “Data Processing Agreement” has the meaning given to that expression in Appendix 2.

  

	1.15	 “Designated Recipients” has the meaning given to that expression in Clause 21.2.

  

	1.16	 “Effective Date” has the meaning given to that expression in Clause 14.1.

  

	1.17	 “EV” means all vehicles that are powered by an electric motor. 

  
 2 

	1.18	 “Exceptions” the meaning given to that expression in Clause 15.1.

  

	1.19	 “Externally Sourced Products and Components” has the meaning given to that expression in
Clause 3.2(2). 

  

	1.20	 “FCPA” has the meaning given to that expression in Clause 16.3(1).

  

	1.21	 “H-D Group” means any company, enterprise, or legal
entity directly or indirectly (a) Controlled by Harley-Davidson, Inc., (b) Controlling Harley-Davidson, Inc. or (c) under common Control with Harley-Davidson, Inc. but excluding LW Group. 

 

	1.22	 “Indemnified Amounts” has the meaning given to that expression in Clause 18.1.

  

	1.23	 “Indemnified Party” has the meaning given to that expression in Clause 18.1.

  

	1.24	 “Indemnifying Party” has the meaning given to that expression in Clause 18.1.

  

	1.25	 “Initial Contract Manufacturing Agreement” has the meaning given to that expression in
Clause 3.1(1)(a). 

  

	1.26	 “Ionex” has the meaning given to that expression in Clause 7.2(1).

  

	1.27	 “Ionex Business Plan” has the meaning given to that expression in Clause 7.2(1).

  

	1.28	 “In-residence Program” has the meaning given to that
expression in Clause 9.1(1). 

  

	1.29	 “Initial Executive Meeting” has the meaning given to that expression in Clause 20.3.

  

	1.30	 “Intellectual Property” means all exclusive rights over creations of the mind, both artistic
and commercial, including but not limited to Patent Rights, utility models, industrial designs, trade secrets, Know-How, mask works and both registered and unregistered copyrights, but not including
trademarks, service marks, trade names and trade dress; provided, that Intellectual Property does not include general industry knowledge. 

  

	1.31	 “Joint Confidential Information” has the meaning given to that expression in Appendix
1. 

  

	1.32	 “Jointly Owned Intellectual Property” has the meaning given to that expression in Clause
11.4(1)(a). 

  

	1.33	 “Joint Tooling” has the meaning given to that expression in Clause 3.1(2).

  

	1.34	 “Know-How” means any
non-public information other than general industry knowledge, including but not limited to design, features, composition, manufacture, use or sale of items, procedures, protocols, and techniques and results of
experimentation and testing, in intangible form, which is developed by or for or in the possession of a Party or its Affiliates (other than Jointly Owned Intellectual Property) and which is retained in the unaided memory by employees of a
Party who have had access to the Confidential Information, and which was not already retained prior to or was not retained under circumstances unrelated to access to the Confidential Information. 

 

	1.35	 “KYMCO Intellectual Property” has the meaning given to that expression in Clause
11.2(1). 

  

	1.36	 “KYMCO Tooling” has the meaning given to that expression in Clause 3.1(2).

  

	1.37	 “Long Term Collaboration” has the meaning given to that expression in the Recitals.

  

	1.38	 “LW Adjacent EV Products” means the products, parts and components of LW branded
“side by side” EV Vehicle and all terrain EV vehicle (ATVs). 

  
 3 

	1.39	 “LW Adjacent EV Products Commercialization” has the meaning given to that expression in
Clause 3.2(1). 

  

	1.40	 “LW Covered Products” means LW’s Slayer powertrains and all two-wheel products that leverage Slayer powertrains. 

  

	1.41	 “LW Group” has the meaning given to that expression in the Recitals. 

 

	1.42	 “LW Intellectual Property” has the meaning given to that expression in Clause 11.1(1).

  

	1.43	 “LW Powertrain Products” means LW EV propulsion unit and related control and management
systems. 

  

	1.44	 “LW Projects Information” shall mean any Confidential Information of LW (except for
(a) general industry knowledge, (b) Confidential Information of KYMCO (solely of KYMCO or owned together by KYMCO with a third party (other than LW)) or (c) confidential information of third parties (other than confidential
information of third parties provided by LW)) used for the LW Covered Products, LW Adjacent EV Products that are manufactured by KYMCO or projects carried out jointly by Parties. 

 

	1.45	 “LW Tooling” has the meaning given to that expression in Clause 3.1(2).

  

	1.46	 “Noodoe” has the meaning given to that expression in Clause 7.3(1).

  

	1.47	 “Noodoe Development Plan” has the meaning given to that expression in Clause 7.3(1).

  

	1.48	 “Patent Rights” means any and all patents and applications (anywhere in the world), including
but not limited to continuations, continuations-in-part, extensions, reexaminations, reissues, and utility models, claiming inventions, conceived either solely or
jointly by employees or agents of the respective Parties, including but not limited to methods, manufacturing processes, formulations, ingredients, instrumentation, and new uses of the foregoing and the right to enforce and grant licenses to the
foregoing and to collect royalties, payments, and damages for the same. 

  

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

  

	1.50	 “Personal Information” means all information received by the Parties in any tangible or
intangible form that relates to or personally identifies or makes identifiable any employee, customer, agent, end user, supplier, contact or representative of both Parties. Examples of Personal Information may include, but are not limited to,
individual names, addresses, phone numbers, email addresses, purchase history, employment information, financial information, medical information, credit card numbers, social security numbers, and product service history. 

 

	1.51	 “Privacy and Security Requirements” has the meaning given to that expression in Appendix
2. 

  

	1.52	 “Proposed Procurement” has the meaning given to that expression in Clause 3.2(3).

  

	1.53	 “Proposed Procurement Notice” has the meaning given to that expression in Clause
3.2(3). 

  

	1.54	 “Receiving Entity” has the meaning given to that expression in Clause 9.1(1).

  

	1.55	 “Relevant Time” has the meaning given to that expression in Clause 3.4(1).

  

	1.56	 “Representatives” has the meaning given to that expression in Appendix 1.

  

	1.57	 “Review Month” has the meaning given to that expression in Clause 5.1(2).

  
 4 

	1.58	 “Signing Date” shall be the date of signing this Agreement, as specified at the beginning of
this Agreement. 

  

	1.59	 “Sub-suppliers” has the meaning given to that
expression in Clause 11.5. 

  

	1.60	 “Steering Committee” means the committee established and controlled by the Parties in
accordance with Clause 8. 

  

	1.61	 “Tax” or “Taxes” includes (without limitation) all taxes, duties, levies,
imposts, withholdings, social security contributions, deductions or amounts in the nature of taxation, whenever and by whatever authority imposed and whether of the Republic of China, the United States or elsewhere, irrespective of the person
against or to which any such taxes, duties, levies, imposts, withholdings, social security contributions, deductions or amounts in the nature thereof are directly or primarily chargeable, together with all interest, fines, penalties and surcharges
imposed pursuant to any legislation relating to taxation and which are incidental or relating thereto. 

  

	1.62	 “Term” has the meaning given to that expression in Clause 14.1. 

 

	1.63	 “Trademarks” means any trademark, service mark, trade name or trade dress of a Party.

  

	1.64	 “Transferring Entity” has the meaning given to that expression in Clause 9.1(1).

  

	1.65	 “USPTO” means the United States Patent and Trademark Office. 

 

	2.	 KEY COOPERATION IN LONG TERM COLLABORATION 

 

	2.1	 Purpose of Long Term Collaboration. The purpose of the Long Term Collaboration under this Agreement is
to, subject to the terms under this Agreement, explore further business opportunities in EV markets by leveraging the Parties capability in the design, development, manufacturing and distribution of EV products. Both Parties believe that they will
bring unique and additive strengths to each other and that there are compelling benefits to cooperate to realize the business opportunities. For the sake of clarity, each Party’s internal combustion engine (ICE) business, including, but not
limited to parts, components, engines, and vehicles, shall be excluded from the scope of this Agreement. 

  

	2.2	 Geographic Scope of Long Term Collaboration. The Long Term Collaboration intends to explore the
opportunities in the global EV markets. 

  

	2.3	 Optimization of Supply Chain. The Parties understand a competitive cost level of the EV products
manufactured and supplied by the Parties hereunder (“Common Product”) is essential for the success of the cooperation hereunder. To the extent permitted by the applicable laws, the Parties will discuss in good faith and, subject to
the Parties’ mutual agreement, including with respect to the matters set forth in Clause 7.1, to optimize the supply chains to reduce the cost of the Common Product. 

 

	2.4	 Long Term Collaboration Exclusivity. 

 

	 	(1)	 During the Term of this Agreement, neither Party nor their Affiliates will (a) engage, on behalf of itself
or any other party, in any cooperation with respect to the research, design, development, manufacture, use, offer for sale, sale or import of EV product competitive with the LW Covered Products leveraging [***] with, or (b) grant any license or
right to cooperate with respect to the research, design, development, manufacture, use, offer for sale, sale or import of EV product competitive with the LW Covered Products leveraging [***] or its Affiliates or successors (in the case of LW) or
[***] or its Affiliates or successors (in the case of KYMCO). 

  
 5 

	 	(2)	 KYMCO shall not and shall cause its Affiliates not to, enter into any agreement with another OEM that would
cause it to be unable to cooperate with LW in the design or manufacture of products of any EV motorcycle or LW Adjacent EV Products. For the avoidance of doubt, this Clause 2.4(2) shall not prevent KYMCO from designing or manufacturing any
product, tooling or equipment as to which KYMCO cooperates with any third party or any product which utilizes the Intellectual Property owned by a third party or jointly owned by a third party and KYMCO. 

 

	2.5	 Differentiation. 

 

	 	(1)	 Unless otherwise agreed by LW, KYMCO shall not, and shall cause its Affiliates not to, produce or sell any EV
motorcycle under its own brand which contains unique design features of the LW Covered Products manufactured by KYMCO for LW and which would be found to be confusingly similar to LW Covered Products by a reasonable consumer. 

 

	 	(2)	 Unless otherwise agreed by LW, KYMCO shall not, and shall cause its Affiliates not to, contract manufacture EV
[***] and which would be found by a reasonable consumer to be confusingly similar to LW Covered Products manufactured by KYMCO for LW. 

  

	 	(3)	 Unless otherwise agreed by LW, KYMCO shall ensure at least of 60% of the surface area of the LW Powertrain
Products of any KYMCO product being covered by body cladding or other similar method. The execution of this concept should be such that when viewed from a side angle the 60% surface area of the EV Powertrain Product in any KYMCO product is not
directly visible, including through translucent materials. KYMCO shall have the option but not the obligation to provide its intended design to LW for an advance assessment of whether LW believes a particular KYMCO design would meet this standard.

  

	 	(4)	 For clarity, nothing in this Clause 2.5 shall restrict a Party or its Affiliates use of its own
Intellectual Property (including Jointly Owned Intellectual Property), utilizing general industry knowledge or place restrictions on either Party’s internal combustion engine (ICE) business, including, but not limited to parts, components,
engines, and vehicles. 

  

	3.	 MANUFACTURING MATTERS 

 

	3.1	 Manufacturing of the LW Covered Products. 

 

	 	(1)	 Provided that KYMCO has relevant manufacturing abilities and capabilities, KYMCO will have the right to act as
LW’s exclusive manufacturer for the LW Covered Products for a period that begins on the date that KYMCO begins manufacturing the LW Covered Products and ends 5 years thereafter, under the terms and conditions of a separate contract
manufacturing agreement to be entered into between the Parties, in which following principles shall be reflected. 

  

	 	(a)	 The Parties agree that the key terms, items and conditions of such separate contract manufacturing agreement
will be entered into between the Parties (“Initial Contract Manufacturing Agreement”) and further details for manufacturing of specific LW Covered Products will be agreed by the Parties going forward and appended to the Initial
Contract Manufacturing Agreement. The terms of Initial Contract Manufacturing Agreement must be mutually agreed upon the Parties and, where applicable and appropriate, may reference the terms of any other current or prospective contract
manufacturing agreement between LW and any member of H-D Group that engages in the manufacturing of products used for the LW Speed and SpeedWire platforms (as modified from time to time), and

  

	 	(b)	 The Parties will in good faith agree on the minimum quantities per year of the LW Covered Products to be
manufactured by KYMCO and purchased by LW for a 5-year period commencing from the date that KYMCO begins manufacturing the LW Covered Products, and KYMCO agrees to maintain at all times during such period the
agreed capacity to manufacture the LW Covered Products for LW and LW agrees to purchase such minimum quantities. LW’s obligation to purchase the agreed minimum quantities shall not be subject to Clause 15.  

  
 6 

	 	(c)	 The Parties agree that if the U.S. enacts consumer EV tax credits or similar, generally available incentive(s)
to promote public EV consumption or reshore foreign manufacturing and such incentives would result in the LW Covered Products manufactured by KYMCO outside the U.S. becoming materially uncompetitive versus U.S. manufactured alternatives, LW shall
consult with KYMCO and provide sufficient information for the Parties to ascertain the actual impact on the Parties’ manufacturing arrangements with each other at that time and make such mutually agreed upon amendments thereto. LW will have the
right to amend the manufacturing exclusivity arrangement with KYMCO such that the U.S. market would be excluded, provided that KYMCO consents, such consent to not be unreasonably withheld. Should LW enact this right LW agrees to provide KYMCO with
an alternate collaboration or manufacturing opportunity to be mutually agreed between the Parties with an economic value equivalent to the shortfall in economic value as a result of KYMCO’s loss of the manufacturing exclusivity for LW Covered
Products in the U.S. 

  

	 	(d)	 Notwithstanding the above, LW shall not have the ability to exercise the right as described under Clause
3.1(1)(c) in the event that KYMCO establishes, in the U.S., facilities, manufacturing, test equipment and labor which derives the benefit of the associated EV tax credit and is able to manufacture the applicable LW Covered Products in accordance
with LW’s required timeline at LW’s reasonable discretion. In such circumstances, (i) the supply price from KYMCO to LW shall be mutually discussed and agreed upon by both parties and (ii) LW will provide reasonable assistance to
KYMCO and will discuss LW’s willingness to share in the related manufacturing investments with KYMCO required for the establishment of manufacturing facilities in the U.S. and related costs. 

 

	 	(2)	 All cost related to tooling and equipment required to manufacture components and parts of LW Covered Products
will be borne by: 

  

	 	(a)	 LW, if such components and parts are exclusive of LW (“LW Tooling”), 

 

	 	(b)	 KYMCO, if such components and parts are exclusive of KYMCO (“KYMCO Tooling”), or

  

	 	(c)	 LW and KYMCO will split the cost of the Joint Tooling, if such components and parts are jointly developed by
the Parties for common use (“Joint Tooling”). 

  

	 	(3)	 LW shall pay for all costs of tooling and equipment for which it is responsible. The detailed payment terms
shall be agreed by the Parties in a separate contract manufacturing agreement. 

  

	 	(4)	 With regard to the ownership of the Tooling: 

 

	 	(a)	 LW will own all LW Tooling and KYMCO will own all KYMCO Tooling. Upon the expiry or termination of the relevant
contract manufacturing agreement to be entered into between the Parties, [***] LW shall pay KYMCO for (i) all costs and expenses of KYMCO and its Affiliates related to dismantling or shipping of such LW Tooling; and (ii) all shipping costs
of such LW Tooling. 

  

	 	(b)	 Both Parties will jointly own the Joint Tooling. In the event that either Party desires to take sole possession
of the Joint Tooling and the other Party desires to obtain a substitute set of Joint Tooling, then the Party that keeps sole possession of the Joint Tooling will supply a substitute set of Joint Tooling under the following terms: (i) if the
request is due to LW exercising its rights under Clause 3.1(1)(c) then LW will assume the full cost of the substitute set of Joint Tooling; (ii) upon the expiry or termination of the relevant contract manufacturing agreement to be
entered into between the Parties, then the Parties will split the cost of the substitute set of Joint Tooling; (iii) in any other circumstance other than (i) or (ii), then the Parties will mutually agree on the cost of the substitute set
of Joint Tooling. 

  
 7 

	3.2	 Right of First Offer for Manufacturing of the LW Adjacent EV Products.

  

	 	(1)	 From time to time during the Term of this Agreement, LW, in its sole discretion, may decide to design, develop,
and commercialize LW Adjacent EV Products (“LW Adjacent EV Products Commercialization”). 

  

	 	(2)	 LW agrees that KYMCO will have the first right and opportunity to submit an offer in accordance with the
timelines in this Clause to assist in the design and manufacture of, the LW Adjacent EV Products that LW wishes to have manufactured for it or supplied to it by a third party (“Externally Sourced Products and Components”), subject
to KYMCO having the ability and capacity to develop and produce such LW Adjacent EV Products, as solely determined by LW. 

  

	 	(3)	 At least three (3) weeks prior to contacting third parties with respect to Externally Sourced Products and
Components (whether in the form of an RFQ, RFP or otherwise) (a “Proposed Procurement”), LW shall, and shall cause its Affiliates to, notify KYMCO thereof in writing (a “Proposed Procurement Notice”), together with
a description of all relevant aspects of the Proposed Procurement (including without limitation quantity, estimated consumer pricing, specification, timing, and other proposed key terms). LW shall respond in good faith to questions from KYMCO
necessary for it to determine whether to respond to the Proposed Procurement. 

  

	 	(4)	 In the event that KYMCO fails to respond to and submit an offer in writing within three (3) weeks of
receipt of the Proposed Procurement Notice (or such longer period as the Parties may mutually agree), LW shall have the right to commence a Proposed Procurement with one or more third parties provided, however, that the Proposed Procurement award to
any such third party shall have been determined by LW in its reasonable discretion to be on more favorable terms to LW than those set forth in KYMCO’s response to the Proposed Procurement Notice, if any. 

 

	 	(5)	 In the event that KYMCO responds to and submits an offer to the Proposed Procurement Notice within three
(3) weeks of receipt thereof (or such longer period as the Parties may mutually agree) in writing, then LW and KYMCO shall negotiate in good faith to reach an agreement regarding the terms of the Proposed Procurement (including without
limitation quantity, pricing, specification, timing, and other proposed terms) and to document same. If however, after negotiating in good faith for a period of at least three (3) weeks, LW and KYMCO have not been able to reach a definitive
written agreement regarding the terms of the Proposed Procurement and to document same, then LW shall have the right to commence a Proposed Procurement with one or more third parties, in its sole discretion free and clear of any obligation under
this Clause 3.2. 

  

	 	(6)	 In the event of any material modification thereafter, recompete, extension or new proposal for the Externally
Sourced Products and Components thereafter, LW shall again comply with the provisions of this Clause 3.2 as if a new procurement. 

  

	3.3	 Other LW Products. With respect to all existing and future products, components and parts for LW
products not specified under Clause 3.1 and Clause 3.2, KYMCO will have a right of notification of and participation in any LW RFP or similar, and will be able to compete on equal terms with other participants in the procurement
process. 

  

	3.4	 LW Manufacturing Exclusivity. 

The exclusivity obligations under this Clause 3.4 shall be valid during the entire Term of this Agreement or otherwise until LW’s
receipt of written notice from KYMCO abandoning its exclusive right to manufacture the LW Covered Products under Clause 3.1 of this Agreement. 

  
 8 

	 	(1)	 To the extent permitted by applicable laws, unless otherwise agreed by LW in writing at its sole discretion,
KYMCO commits that, KYMCO shall not, and shall cause its Affiliates not to, [***] at the time KYMCO enters into a binding agreement, term sheet, letter of intent or other similar instrument setting forth key terms and conditions of such EV product
with the relevant Competitor of LW (“Relevant Time”). 

  

	 	(2)	 Notwithstanding Clause 3.4(1), 

 

	 	(a)	 subject to Clause 3.4(4), KYMCO may exercise all rights or fulfill all obligations under any existing
agreement with the Competitor of LW that has been executed prior to the Effective Date of this Agreement [***] unless otherwise required by the terms of the existing agreements with the Competitor of LW; 

 

	 	(b)	 KYMCO may manufacture any product for a Competitor of LW provided that such product (i) is only built to a
specification it receives from the relevant Competitor of LW, and (ii) does not utilize LW Intellectual Property or any Confidential Information of LW (except for (x) general industry knowledge, (y) Intellectual Property or
Confidential Information of KYMCO (solely of KYMCO or owned together by KYMCO with a third party (other than LW)) or (z) Intellectual Property or confidential information of a third party (other than confidential information of third parties
provided by LW)) used for the LW Covered Products; and 

  

	 	(c)	 KYMCO is the owner of its Intellectual Property and shall have the right to use such Intellectual Property in
the manner it deems fit. 

  

	 	(3)	 To the extent permitted by applicable laws, unless otherwise agreed by LW in writing, KYMCO commits that KYMCO
shall not, and shall cause its Affiliates not to (a) sell any parts made from LW Tooling to any third party, (b) sell any parts bearing a LW trademark made from Joint Tooling to any third party or (c) sell or market any non LW parts
to owners of LW-branded vehicles. 

  

	 	(4)	 KYMCO shall install and maintain at all times during the Term of this Agreement adequate “firewalls”
arrangements with regard to the LW Projects Information no less robust than those that have been put in place in other projects for any third-party other than LW and shall use commercially reasonable efforts to ensure that engineers employed or
engaged by KYMCO working, full-time or part-time, on projects with LW shall not disclose the LW Projects Information to any third party, including any other personnel of KYMCO (other than KYMCO personnel involved in
LW-KYMCO collaborative projects, in connection with such collaborative projects). 

  

	 	(5)	 Notwithstanding the foregoing, there shall be no limitation under any firewalls on KYMCO and its
Affiliates’ usage of any Intellectual Property owned by KYMCO or its Affiliates or any general industry knowledge or from working on KYMCO branded projects. 

 

	 	(6)	 KYMCO shall have engineers employed or engaged by KYMCO working, full-time or part-time, on projects with LW
[***] that would prohibit them from working with [***]. 

  

	 	(7)	 For the avoidance of doubt, subject to the requirements under the Appendix 1, nothing in this Clause
3.4 prevents 

  

	 	(a)	 LW from sharing information other than LW Projects Information to any third party; or 

 

	 	(b)	 engineers employed or engaged by KYMCO working, full-time or part-time, on projects with LW from working or
being responsible for any project in relation to design, manufacture, develop for any product. 

  
 9 

	 	(8)	 The exclusivity provisions in this Clause 3.4 shall not apply to KYMCO’s Ionex EV system of
swappable batteries. 

  

	4.	 SUPPLY MATTERS 

 

	4.1	 Supply of Powertrain Products to KYMCO. 

 

	 	(1)	 LW agrees to supply the Powertrain Products to KYMCO for KYMCO to develop, manufacture, market or sell EV
products under KYMCO’s brand in accordance with the ordering process, the product schedule and product limitation as the same may be modified from time to time and set forth in one or more separate supply agreements to be entered into between
LW and KYMCO. For the avoidance of doubt, nothing in this Clause will prevent KYMCO from purchasing any powertrain from any third-party other than LW. 

  

	 	(2)	 LW will provide appropriate engineering support in connection with LW’s supply of Powertrain Products to
KYMCO without extra charge to assist KYMCO in making limited modifications to the Powertrain Product for KYMCO branded EV products. 

  

	 	(3)	 The Parties acknowledge that timeline and the volume of the Powertrain Products supplied by LW to KYMCO under
this Clause 4.1 is conditional on LW’s sole determination of the maturity of the technology and LW Intellectual Property developed by it, the production capacity, and its internal policy with respect to licensing LW Intellectual
Property. 

  

	5.	 PRICING PRINCIPLES 

 

	5.1	 Payment Term and Currency. 

 

	 	(1)	 Unless otherwise agreed upon by the Parties in writing or another supply or other agreement (including any
purchase order issued thereunder) between the Parties, any amount payable under this Agreement or any other such agreement (including any purchase order issued thereunder) shall be paid within sixty (60) days of the issuance of the invoice by
the Party entitled to the payment. 

  

	 	(2)	 All payments due under this Agreement or any other such agreement (including any purchase order issued
thereunder) will be paid in U.S. Dollars. Conversion of foreign currency to U.S. Dollars will be made using a designated exchange rate between the New Taiwan Dollar and US Dollar that will be set based on the following process: (a) as
promptly as reasonably practicable after the start of each January, April, July and October (each, a “Review Month”) during the Term, the parties shall calculate the average of the daily New Taiwan Dollar and US Dollar FX rate
(the “Average FX Rate”) for the immediately preceding calendar quarter, (b) in the second and third month of each calendar quarter, the New Taiwan Dollar and US Dollar FX rate for product purchase orders placed during such
months shall be the Average FX Rate for the immediately preceding calendar quarter, and (c) in the first month of each calendar quarter, the New Taiwan Dollar and US Dollar FX rate for product purchase orders placed during such month shall
be the Average FX Rate for the second preceding calendar quarter. If fluctuations in rates of exchange in effect between the New Taiwan Dollar and US Dollar at a quarter exceeds the Average FX Rate calculated as described in the immediately
preceding sentence (as further agreed by Parties in the relevant supply agreement or contract manufacturing agreement) by ±2% or more, whether by way of an increase or decrease, the applicable Average FX Rate calculated as described in the
immediately preceding sentence shall be adjusted proportionally. Details (including the determination of Average FX Rate and the reference bank) of the conversion of the New Taiwan Dollar to U.S. Dollars will be further elaborated in the relevant
supply agreement or contract manufacturing agreement between KYMCO and LW using the principles set forth in this Clause 5.1(2).  

  
 10 

	 	(3)	 Such payments will be without deduction for foreign exchange, withholding or other amounts, but will be subject
to late payment and other collection charges. 

  

	 	(4)	 At each Party’s request, the other party will issue itemized invoices. Such itemized invoices shall
contain specific details of the charges from one party to the other. 

  

	 	(5)	 The contract manufacturing margin [***] Actual Costs. 

 

	 	(6)	 The contract manufacturing margin will be applied against costs incurred in KYMCO’s manufacture and
delivery of Covered Products, such as KYMCO’s actual direct costs, without mark-up, to manufacture and deliver such Covered Product, plus a reasonable allocation of overhead and other operating expenses
and, with respect to third-party providers, a reasonable allocation of the amounts paid to such providers that is proportionate to usage of services by or on behalf of LW, and other relevant mutually agreed factors (collectively the “Actual
Costs”). 

  

	6.	 SERVICING 

  

	6.1	 KYMCO Service Point Utilization. The Parties will discuss in good faith, and subject to the
Parties’ mutual agreement, including subject to continued demonstrated performance and their mutual agreement on the schedule, pricing, financing, economics and other applicable terms and conditions, coverage of service for their respectively
branded EVs. 

  

	7.	 FURTHER COOPERATION BETWEEN THE PARTIES 

 

	7.1	 General Concept. The purpose of this Clause 7 is to identify potential areas where the Parties
may collaborate to explore further business opportunities in the EV industry. The Parties will discuss in good faith as follows in furtherance of their strategic alliance. The obligations of the Parties pursuant to this Clause 7 are subject
to continued demonstrated performance and their mutual agreement on the schedule, pricing, financing, economics and other terms and conditions applicable to any of the following project. 

 

	7.2	 Ionex. 

  

	 	(1)	 The Parties may discuss in good faith and, subject to the Parties’ mutual agreement, to put in place a
business plan to assist KYMCO in developing business-to-business business opportunities with respect to KYMCO’s Ionex integrated solution (“Ionex”)
in the United States and other jurisdictions as the Parties deem fit by leveraging LW’s business network in the elected jurisdictions or LW’s current product offering (“Ionex Business Plan”). 

 

	 	(2)	 Unless otherwise agreed by the Parties, the implementation of the Ionex Business Plan will be carried out under
the Ionex brand name owned by KYMCO. Related costs should be discussed and agreed by both parties. 

  

	 	(3)	 If the Parties mutually agree to create an Ionex Business Plan, the Parties shall use their respective
reasonable endeavours to agree in good faith a detailed product introduction schedule, taking into account projected customer demand and other relevant factors, in the selected jurisdictions. 

 

	7.3	 Noodoe. 

  

	 	(1)	 The Parties may discuss in good faith and, subject to the Parties’ mutual agreement, to explore utilizing
KYMCO’s software capabilities, including its Noodoe platform and Noodoe resources (“Noodoe”), for use in LW’s current or future product offerings or for LW directed projects (“Noodoe Development Plan”).

  

	 	(2)	 If the Parties mutually agree to create a Noodoe Development Plan, the Parties shall use their respective
reasonable endeavours to agree in good faith on a detailed technical joint development agreement setting forth the scope of technical or business development, product introduction schedule, the Intellectual Property arrangement, the cost sharing
mechanism, the development schedule and other relevant matters. 

  
 11 

	7.4	 Charging Infrastructure. The Parties may discuss in good faith and, subject to the Parties’ mutual
agreement, to work toward compatible electric charging systems, such that users of both KYMCO and LW branded EVs will be able to utilize the charging infrastructure of the other Party and its Affiliates; for these purposes, the specifications of the
charging system include hardware (including, but not limited to, charger stations), charger guns, and software (including, but not limited to, communication protocols, cloud service, and applications). 

 

	7.5	 Technical Support. 

Without prejudice to the other provisions of this Agreement, where one Party requests that the other Party assists it in development of the
requesting Party’s products, technology or services, the requesting Party shall specify in writing to the other Party the assistance, type, scope, location, number of personnel involved, and duration of the assistance, together with any
additional matters relevant to the requested assistance. If the other Party, in its sole discretion, is able and willing to provide the requested assistance, the other Party shall provide a written quote in response thereto to the requesting Party.
The Parties will discuss such request in good faith and, if so agreed by the Parties, enter into a written agreement setting forth all relevant matters, including cost, with respect to the provision of any such assistance. 

 

	7.6	 Joint Development. 

 

	 	(1)	 Without prejudice to the other provisions of this Agreement, the Parties may discuss in good faith and agree to
jointly develop or design EV products, platforms and/or resources subject to the Parties’ mutual agreement on all relevant matters, including the scope of such development, the duration, the budget therefor (and the party responsible for the
same), the products or projects to be developed, the resources projected to be utilized, the value of Intellectual Property contributed by each Party to the relevant joint development and all other relevant matters. For the avoidance of doubt, the
Parties’ mutual agreement on the value of Intellectual Property contributed by each Party to the relevant joint development is for the purpose of assessing the Jointly Owned Intellectual Property, not for the purpose of charging the royalty by
one Party to the other party. 

  

	 	(2)	 The Parties will endeavor to enter into a development agreement for any such joint development projects, but in
the absence of such further development agreements, jointly-developed Intellectual Property arising from or in relation to the Parties’ joint development or design of the EV products, platforms and/or resources will constitute Jointly Owned
Intellectual Property under Clause 11.4(1)(a). 

  

	 	(3)	 Allocation of development costs for jointly-developed Intellectual Property as between the Parties will be
determined at the relevant time by mutual agreement of the Parties taking into account the particular attributes and usage of the jointly-developed Intellectual Property, as well as other relevant factors, and set forth in the applicable product
agreement. 

  

	7.7	 Distribution. 

 

	 	(1)	 The Parties may discuss in good faith and, subject to Parties’ mutual agreement, to put in place a joint
distribution plan to promote the expansion of EVs designed, developed, manufactured or branded under each Party’s name. 

  

	 	(2)	 If the Parties mutually agree to create a joint distribution plan described under Clause 7.7(1), the
Parties shall use their respective reasonable endeavours to agree in good faith a detailed joint distribution agreement setting forth the distribution channel to be utilized, including the potential cooperation with a third party, products subject
to such joint distribution agreement, cost sharing arrangement, the cross-licensing of the Parties’ Trademarks, targeted customer base, and all other relevant matters. 

  
 12 

	7.8	 Other Commercial Collaboration. Each Party may refer to the other Party other investment opportunities
or commercial collaboration opportunities in the EV industry to implement and universalize the application of the EV total solutions, including but not limited to EV, energy and mobility services and the Parties may discuss in good faith whether to
approach or implement such referred opportunities. The Parties acknowledge that KYMCO may take the lead on referring such investment opportunities or commercial collaboration opportunities in Taiwan, Mainland China, India, and South-East Asia
whereas LW may take the lead on referring such investment opportunities or commercial collaboration opportunities in the United States. 

  

	8.	 STEERING COMMITTEE. 

 

	8.1	 To the extent permitted by the applicable laws, the Long Term Collaboration, including but not limited to the
initiatives described under Clause 7.1 to Clause 7.8, shall be carried out by the Steering Committee. 

  

	8.2	 The Steering Committee shall comprise four (4) representatives (“Committee
Representatives”). Two (2) Committee Representatives shall be appointed by LW and two Committee Representatives shall be appointed by KYMCO. The Committee Representatives shall be nominated by each Party with the power to appoint such
Committee Representative by written notice pursuant to a schedule to be agreed by the Parties. 

  

	8.3	 Each Party may change either of the Committee Representatives that it has appointed at any time by written
notice to the other Party. Each Committee Representative may at any time and from time to time by written notice addressed to the Parties appoint an alternate to attend, speak and vote on his behalf at any meeting of the Steering Committee at which
he is not present. Other specialists and technicians may be invited by the Steering Committee to provide specialist and technical assistance as and when deemed necessary. 

 

	8.4	 The Steering Committee shall meet on a quarterly basis during the Term, unless otherwise decided by the
Steering Committee, or otherwise within a reasonable period of a meeting being called by any Party to discuss the progress of, to resolve any issues arising under, or all other matters related to the Long Term Collaboration, including the
development process of LW Adjacent EV Products or any other EV products as deemed appropriate by the respective Party. LW will make reasonable efforts to use this forum to provide KYMCO with an understanding of potential future projects that may be
of interest to KYMCO in the context of a Joint Development Projects, where doing so would not cause LW to violate any confidentially obligations or cause any adverse commercial impact for LW, in the sole discretion of LW. 

 

	8.5	 A meeting of the Steering Committee may be held by telephone or via internet provided that such meetings have
appropriate representation from each Party. 

  

	8.6	 Unless otherwise agreed by the Parties in writing, none of resolutions, determinations and decisions made by
the Steering Committee shall be binding on the Parties. 

  

	9.	 SECONDMENT OF STAFF 

 

	9.1	 General Arrangement. 

 

	 	(1)	 To assist in achieving the objectives of the Long Term Collaboration, including close communication and
coordination between the Parties, the Parties may discuss in good faith and, subject to Parties’ mutual agreement, to create an “in-residence” program to second employees of one Party
(“Transferring Entity”) to the offices of the other Party (“Receiving Entity”) for a period to execute or assist the other Party in technical or other operations
(“In-residence Program”). 

  
 13 

	 	(2)	 If the Parties mutually agree to create an In-residence Program, the
Parties shall use their respective reasonable endeavours to agree in good faith a detailed secondment arrangement, including the purpose, period, activities, tasks, cost sharing mechanism of such secondment, and the number, qualifications and
seniority of the seconded employees, and all other matters pertaining to In-residence Program and document the same. 

  

	9.2	 General Obligations of the Transferring Entity and the Receiving Entity. 

 

	 	(1)	 Under an In-residence Program, unless otherwise agreed by the Parties,
the seconded employee will continue to carry out his/her previous duties when he/she was an employee of the Transferring Entity and all duties performed by the seconded employee shall be under the directions of the Transferring Entity.

  

	 	(2)	 Under an In-residence Program, unless otherwise agreed by the Parties,
the seconded employee will remain employed by the Transferring Entity and such employee does not have an employment relationship with the Receiving Entity. The Receiving Entity shall have no authority to, among other things, discharge or discipline
the Employee. 

  

	 	(3)	 Under an In-residence Program, unless otherwise agreed by the Parties,
the Transferring Entity and Receiving Entity shall use their respective reasonable endeavours to assist the seconded employee to obtain all necessary approvals and make all necessary registrations requested by the relevant authorities to perform
his/her duties under the In-residence Program. The Parties acknowledge that the seconded employee shall comply with all internal procedures and policies of the Receiving Entity throughout the In-residence Program. 

  

	 	(4)	 Secondment of employees will be subject to agreement in writing between the parties on all relevant matters
related to seconded employees, including without limitation business travel, leave, compensation, cost, housing, transportation and health care, as well as other applicable conditions and costs. 

 

	10.	 MARKETING; PRESS RELEASE 

 

	10.1	 Marketing. 

Any use of LW Group’s or H-D Group’s Trademarks on the marketing and promotion materials
shall require LW’s or H-D Groups prior written approval, as applicable. Likewise, any use of KYMCO’s Trademarks on the marketing and promotion materials shall require KYMCO’s prior written
approval, as applicable. Without limiting the generality of the preceding two sentences: 
  

	 	(1)	 KYMCO may not advertise, market or otherwise highlight the fact that its EV powertrains are sourced from LW
Group or H-D Group, designed with Intellectual Property of LW Group or H-D Group, or similar; and 

 

	 	(2)	 KYMCO may not label or mark with one or more (i) LW Group or H-D
Group’s Trademarks or (ii) any reasonably similar variant or derivative which would be found to be confusingly similar to LW Group or H-D Group’s Trademarks by a reasonable consumer to any EV
powertrain, EV scooter or EV motorcycle which may be reasonably interpreted to indicate that such powertrains, scooter or motorcycle are sourced from LW Group or H-D Group or designed by LW Group or H-D Group, or similar unless otherwise required by applicable laws. 

  

	 	(3)	 neither LW nor KYMCO may use any Trademark of the other Party for any reason without first receiving the
written consent and the terms of use from such other Party while each Party may withhold its consent to the use of any or all of its trademarks by the other Party for any or no reason. 

  
 14 

	10.2	 Press Release. 

 

	 	(1)	 Subject to the mutual agreement between the Parties, the Parties will produce joint press releases in relation
to this Agreement or Long Term Collaboration. Each Party shall be free to publicize any previously-agreed press release that has not been revised in any manner nor accompanied by any additional commentary without consent of the other Party.

  

	 	(2)	 Except as contemplated by the last sentence of Clause 10.2(1), any press release, including but not
limited to earnings releases/calls, investor relations presentations, securities disclosures or other similar activities that mentions the other Party, such other Party’s Trademarks or in any way references the other Party requires approval
from the other party; for other press releases not mentioning the other Party in any way can be presented without need for approval. To the extent permissible by applicable law or regulation or the requirements of any stock exchange or other
regulatory or government authority, seven (7) days’ prior notice of a proposed usage of a Party’s (or its Affiliates’) name or trademarks shall be provided by the requesting Party in order to enable the other Party to review such
proposed usages. 

  

	11.	 INTELLECTUAL PROPERTY 

 

	11.1	 LW Intellectual Property. 

 

	 	(1)	 All Intellectual Property independently developed by LW, or otherwise in LW’s possession, as of and after
the Effective Date of this Agreement, and improvements thereto (other than Jointly Owned Intellectual Property), will be the sole property of LW (“LW Intellectual Property”), unless the Parties agree to different Intellectual
Property ownership terms in a separate written development agreement. 

  

	 	(2)	 LW will defend, indemnify, and hold harmless KYMCO against all liabilities and expenses (including, without
limitation, reasonable attorneys’ fees and court costs) arising out of any alleged infringement of any third-party Intellectual Property by KYMCO’s use of LW Intellectual Property provided or approved, explicitly or implicitly, by LW under
this Agreement; provided, that LW shall have no obligation under this Clause 11.1(2) to KYMCO with respect to any claim of infringement of Intellectual Property based, in whole or in part, upon (a) any KYMCO modification of the LW
Intellectual Property and/or (b) the combination of the LW Intellectual Property with products, data or materials not supplied by LW, if such infringement claim would have been avoided without such modification or if use of the materials
furnished by LW independent of the data or materials supplied by KYMCO would not give rise to the infringement claim. Notwithstanding the foregoing, LW shall have the right to require KYMCO to cease further usage of the LW Intellectual Property or
to modify such LW Intellectual Property, so as to prevent further infringement (or alleged infringement) and KYMCO shall promptly comply with the same. 

  

	11.2	 KYMCO Intellectual Property. 

 

	 	(1)	 All Intellectual Property independently developed by KYMCO, or otherwise in KYMCO’s possession, as of and
after the Effective Date of this Agreement, and improvements thereto (other than Jointly Owned Intellectual Property), will be the sole property of KYMCO (“KYMCO Intellectual Property”), unless the Parties agree to different
Intellectual Property ownership terms in a separate written development agreement. 

  
 15 

	 	(2)	 KYMCO will defend, indemnify, and hold harmless LW against all liabilities and expenses (including, without
limitation, reasonable attorneys’ fees and court costs) arising out of any alleged infringement of any third-party Intellectual Property by LW’s use of KYMCO Intellectual Property provided or approved, explicitly or implicitly, by KYMCO
under this Agreement; provided, that KYMCO shall have no obligation under this Clause 11.2(2) to LW with respect to any claim of infringement of Intellectual Property based, in whole or in part, upon (a) any LW modification of the
KYMCO Intellectual Property and/or (b) the combination of the KYMCO Intellectual Property with products, data or materials not supplied by KYMCO, if such infringement claim would have been avoided without such modification or if use of the
materials furnished by LW independent of the data or materials supplied by KYMCO would not give rise to the infringement claim. Notwithstanding the foregoing, KYMCO shall have the right to require LW to cease further usage of the KYMCO Intellectual
Property or to modify such KYMCO Intellectual Property, so as to prevent further infringement (or alleged infringement) and LW shall promptly comply with the same. 

 

	11.3	 Indemnification Procedures. 

The Parties will negotiate in good faith on procedures for indemnification as contemplated by Clause 11.1(2) and Clause
11.2(2), which each Party shall follow to raise an indemnification claim, and which shall otherwise govern indemnification, defense and hold harmless obligations. 
  

	11.4	 Jointly Owned Intellectual Property. 

 

	 	(1)	 Ownership and Usage. 

 

	 	(a)	 All (i) Intellectual Property developed jointly by KYMCO and LW, and (ii) improvements to a
Party’s Intellectual Property rights that are developed by the other Party, in each case, after the Effective Date in connection with this Agreement, will be the joint property and jointly and severally owned by each of KYMCO and LW
(“Jointly Owned Intellectual Property”) in perpetuity, unless otherwise agreed herein or in a separate written agreement. 

  

	 	(b)	 Each Party shall have the right on a worldwide basis to freely use all Jointly Owned Intellectual Property,
including to make and have made products using such Jointly Owned Intellectual Property, to grant non-exclusive licenses and sublicenses to such Jointly Owned Intellectual Property, on such terms as may be
determined by such Party in its sole discretion. In the case of Jointly Owned Intellectual Property that consists of Trade Secrets, Joint Confidential Information, or Confidential Information of LW (as applicable to KYMCO) or Confidential
Information of KYMCO (as applicable to LW), and except as contemplated in Clause 11.4(2), neither Party will publicly disclose, disseminate, display or distribute in any form or in any medium (including news releases, professional articles,
or publications), any such Jointly Owned Intellectual Property without the prior written consent of the other Party. There shall be no right of accounting with respect to the other Party with respect to any usage of Jointly Owned Intellectual
Property. Except as expressly set forth in this Clause 11.4(1)(b) or in Clause 11.4(2), no consent or notice shall be required for either Party’s usage of Jointly Owned Intellectual Property.

  

	 	(c)	 Each Party’s ownership of Jointly Owned Intellectual Property and Joint Confidential Information, as well
as all rights thereto, shall continue unaffected by termination or expiration of this Agreement. 

  

	 	(d)	 Except as provided in Clause 11.4(2), each Party is responsible for its own use of Jointly Owned
Intellectual Property. 

  

	 	(e)	 Subject to terms and conditions under this Agreement, each Party may use Jointly Owned Intellectual Property in
any manner as it deems fit. 

  

	 	(2)	 IP Protection; Prosecution and Defense of Claims. 

  
 16 

	 	(a)	 If either Party wishes to obtain any form of Intellectual Property protection for Jointly Owned Intellectual
Property, the other Party has the choice, in its sole discretion to (i) share all reasonable costs associated with obtaining and maintaining such Protection, in which case, the prosecuting Party will provide the
non-prosecuting Party the opportunity to review and comment on documents to be filed in connection with the prosecution process a reasonable time in advance of applicable filing dates and prosecution
deadlines, and will provide the non-prosecuting Party with copies of any substantive documents received in connection with the prosecution if the non-prosecuting Party
requests such documents, and any resulting Intellectual Property Protection will be jointly owned and enjoyed by LW and KYMCO or (ii) waive its right to participate in the Intellectual Property prosecution process, in which case any resulting
Intellectual Property Protection will be owned solely by the prosecuting Party. In either case, the non-prosecuting Party will reasonably cooperate in good faith with and assist the other Party in connection
with the Intellectual Property prosecution process concerning Jointly Owned Intellectual Property, at the other Party’s request, including by making inventors available as reasonably necessary, and by executing any documents or instruments, or
performing such other acts, as reasonably requested by the other Party. To the extent necessary to carry out the process of obtaining any Patent Rights in the Jointly Owned Intellectual Property as set forth in this Agreement, the Parties consent to
disclosure to the USPTO of information necessary to fulfill the requirements of 35 U.S.C. §102(c) including, without limitation, a declaration that: (i) the claimed invention was made by or on behalf of the Parties to this Agreement;
(ii) the claimed invention was made as a result of activities subject to this Agreement; and (iii) the claimed invention is owned or is subject to an obligation of assignment as set forth in this Agreement. The Parties also agree to
disclose to the USPTO the names of the Parties to this Agreement. 

  

	 	(b)	 In the event a suit is brought against one or both Parties by a third-party alleging that Jointly Owned
Intellectual Property infringes any Intellectual Property of such third party, the Party being sued will give the other Party prompt notice of such suit. Each Party will defend itself against any such third party; provided, however,
that any settlement with such third-party involving royalties or other payments will require the prior written consent of both Parties. If a court of competent jurisdiction determines that the Jointly Owned Intellectual Property infringes any
Intellectual Property of such third party, then the Parties will pay that portion of all out-of-pocket liabilities to third parties incurred by LW or KYMCO in proportion
to their respective infringing use of the Jointly Owned Intellectual Property. Notwithstanding, in the event a claim of infringement is proven and demonstrated to have been caused solely by only one Party’s use of the Jointly Owned Intellectual
Property, then the Party whose use has caused the infringement will indemnify the other Party against all liabilities and expenses (including, without limitation, reasonable attorneys’ fees and court costs) resulting from such infringement.

  

	 	(c)	 Either Party may, in its sole discretion and without the consent of the other Party, bring suit against any
unlicensed or unauthorized third party or parties for infringement of Jointly Owned Intellectual Property, after first providing the other Party with written notice and the opportunity to participate in such suit. If both Parties participate in such
suit, then (i) each Party will bear an equal share of the aggregate out-of-pocket expenses reasonably incurred by both Parties to prosecute such suit, and
(ii) all monetary recoveries will be applied first to reimburse each Party for its share of such expenses (including, without limitation, reasonable attorneys’ fees and court costs), and any balance will be evenly divided by the Parties.
If either Party declines to participate in such suit, then the other Party will bear the entire expense of the suit and will retain all of any recovery. 

  

	 	(d)	 Notwithstanding anything to the contrary in the preceding paragraphs, without the prior written consent of the
other Party, which consent will not be unreasonably withheld or delayed, neither LW nor KYMCO may compromise, settle, covenant not to sue or take any similar action in connection with a suit against or by a third party if such compromise,
settlement, covenant or similar action could materially and adversely affect the Intellectual Property of the other Party or their commercialization. 

  
 17 

	11.5	 Each Party will be responsible for ensuring that its Affiliates and its and their employees comply with the
terms of this Clause 11. In addition, each Party will include contractual provisions that its suppliers, subcontractors and other legal entity contractors (collectively,
“Sub-suppliers”) comply with the terms of this Clause 11. Each Party will take such action, legal or otherwise, to the extent necessary to cause each
Sub-supplier to comply with the terms and conditions of this Clause 11 against its Sub-suppliers. Each Party will be responsible for failures by its Affiliates
and employees, but not for its sub-suppliers, to comply with this Clause 11. 

  

	12.	 DATA PRIVACY AND SECURITY 

 

	12.1	 As the performance of rights and obligations hereunder may require a Party to receive, store, transmit
or manage data of the other Party or Personal Information of or relating to its employees, customers, suppliers or contractors (collectively, “Data”), both Parties shall comply with Appendix 2. 

 

	13.	 ELECTRONIC COMMUNICATION 

 

	13.1	 LW requires all of its business partners to communicate certain information electronically.

  

	13.2	 When LW and KYMCO communicate electronically with each other, the Parties will use one or more agreed formats
for electronic communication, which may be direct or through a third-party service provider. 

  

	13.3	 When the Parties transmit information electronically in an agreed format under an agreed protocol, the
electronic communication will be considered “written” or “in writing” for the purpose of this Agreement. Each Party will pay its own hardware, software and transmission costs. All electronic transmissions with electronic
signatures will be treated as signed copies if confirmed by the signatory (provided that any applicable laws have been complied with). 

  

	13.4	 Signatures to this Agreement or any documents referred to under this Agreement transmitted by electronic mail
or any other electronic transmission shall take effect from the date as specified in the document or in the absence of such specification, the date of transmission. Each Party agrees to promptly deliver an execution original to the other Party
provided that a failure to do so shall not affect the enforceability of such document. 

  

	14.	 TERM AND TERMINATION 

 

	14.1	 The Agreement will come into effect upon completion of LW’s combination with a special purpose acquisition
company and the commencement of public trading of LW’s shares (the “Effective Date”) and shall thereafter continue in full force and effect for 10 years (the “Term”). 

 

	14.2	 Without prejudice to any other rights or remedies under this Agreement or applicable laws, LW or KYMCO (as the
case may be) may, upon written notice to the other Party, terminate this Agreement with immediate effect: 

  

	 	(1)	 if the other Party is in material breach of its obligations under this Agreement; provided, however, that if
the breach can be remedied, the termination shall only be effective if the breach is not or cannot be remedied within (a) in the case of non-payment of an invoice for goods or services pursuant to a
contract manufacturing or other agreement between the parties, the first Party having notified the other Party in writing of such non-payment and thirty (30) days having elapsed beyond the date of receipt
of such written notice by the other Party and (b) in the case of any other breach, the first Party having notified the other Party in writing of such breach and ninety (90) days having elapsed beyond the date of receipt of such written
notice by the other Party; 

  
 18 

	 	(2)	 if the other Party enters into liquidation, becomes insolvent or enters into a deed of arrangement for the
benefit of creditors or otherwise commits or suffers any equivalent act; or 

  

	 	(3)	 if a “Change of Control Event” occurs to the other Party. 

 

	14.3	 The Parties will discuss the impacts of termination or expiration in good faith. In particular, as the parties
prepare and enter into other agreements related to this Agreement (such as contract manufacturing agreements), the parties will provide for reciprocal termination and transition provisions as well as obligations to supply products, components and
parts following termination), so that, among other matters, the transition and post-termination supply obligations will be consistent between the contract manufacturing agreements for the LW Covered Product and the supply agreement for the
Powertrain Products. 

  

	14.4	 No termination or expiration shall limit either party’s right to use its Jointly Owned Intellectual
Property or co-developed products. 

  

	14.5	 Unless the Parties otherwise agree in writing, certain provisions hereunder shall survive such termination,
including without limitation, Clause 11 (Intellectual Property); Clause 20 (Dispute Resolution), Clause 21 (Notices), and Clause 22 (Miscellaneous Provisions), and Appendix 1 (Confidentiality Provisions), of this
Agreement. 

  

	15.	 LIMITATIONS ON LIABILITY 

To the maximum extent allowed under applicable law: 
  

	15.1	 Neither Party shall be liable to the other Party for any incidental, indirect, special or consequential damages
arising out of, connected with, or resulting from this Agreement, except in the case of such damages resulting from such Party’s [***] (the matters described in items (a) and (b) of Clause 15.1, the “Exceptions”);

  

	15.2	 Even in circumstances where the Exceptions apply, in no circumstances shall damages, liabilities or losses for
purposes of Exceptions include losses of a Party’s shareholders. 

  

	16.	 MUTUAL REPRESENTATION AND WARRANTIES 

 

	16.1	 Representations and Warranties. 

As of the Effective Date, each Party hereby represents and warrants to the other Party as follows: 

 

	 	(1)	 Such Party has the authority to enter into this Agreement, and its performance of the terms of this Agreement
will not breach its Articles of Association, Articles of Organization, Articles of Incorporation, bylaws (or any other documents of similar nature under the local laws), or any other agreement by which such Party is bound. This Agreement constitutes
the valid and binding obligations of such Party and is and shall continue to be enforceable against such Party in accordance with its terms. 

  

	 	(2)	 Such Party has obtained, at its own cost and expenses, all required licenses, permits, and registrations as
required for performing its obligations hereunder. Such Party’s ability to perform its obligations under this Agreement in a timely and complete manner are not materially adversely impaired by any of the following: (a) any law, regulation,
or order of any court or government or governmental agency or instrumentality binding on or affecting such Party; or (b) any pending or threatened litigation or administrative proceeding. 

  
 19 

	16.2	 Covenants. 

Such Party will comply with all laws and regulations (including anti-bribery and anti-corruption laws, including without limitation the U.S.
Foreign Corrupt Practices Act, and any other similar “anti-bribery” law) applicable to such Party, and in particular (but without limitation) will not, directly or indirectly, in the name, on behalf of or for the benefit of the other
Party, offer, promise or authorize to pay any compensation, or give anything of value to, any official, agent or employee of any government or governmental agency, or to any political party or any officer, employee or agent of any political party.
Furthermore, such Party shall at all times during the term of the Agreement, comply with the terms and conditions set forth on Appendix 3 hereto. Such Party will require each of its directors, officers, employees, sub-suppliers and agents to comply with the provisions of this paragraph. 
  

	16.3	 Compliance. 

  

	 	(1)	 KYMCO acknowledges and understands that LW is covered by certain anticorruption laws and regulations, including
the U.S. Foreign Corrupt Practices Act (“FCPA”) and the UK Bribery Act. These anticorruption obligations extend to this contractual relationship. Therefore, KYMCO agrees that KYMCO has not, and will not, offer, promise, pay, or
authorize the payment of any money or anything of value, or take any action in furtherance of such a payment, whether by direct or indirect means, to any government official (including but not limited to any political party or official thereof, any
candidate for political office, any official of a public international organization, any employees of entities that are owned or controlled by a government) or relative of any government official to influence the decision of such government official
in his official capacity to: 

  

	 	(a)	 induce a government official to do or omit to do any act in violation of his or her lawful duty;

  

	 	(b)	 induce a government official to use his influence with a foreign government or instrumentality to affect or
influence any act or decision of such government or instrumentality; or 

  

	 	(c)	 gain any other improper advantage. It is the intent of the parties that no payments or transfers of value shall
be made which have the purpose or effect of public or commercial bribery, acceptance of or acquiesce in extortion, kickbacks or other unlawful or improper means of obtaining business. 

 

	 	(2)	 KYMCO agrees that KYMCO will (a) complete an Anti-Bribery [***] as a condition precedent to the Effective
Date of this Agreement, and (b) provide a new Anti-Bribery [***] (which shall not be requested more than annually) if requested by LW. Any failure to complete such Anti-Bribery [***] at the request of LW shall be considered a material breach of
the Agreement. 

  

	 	(3)	 KYMCO agrees that KYMCO will complete anti-bribery training as a condition precedent to the Effective Date of
this Agreement (which shall not be requested more than annually) if requested by LW (which shall not be requested more than annually). Any failure to complete such anti-bribery training at the request of LW shall be considered a material breach of
the Agreement. 

  

	 	(4)	 KYMCO stipulates that no government official holds an ownership interest in KYMCO beyond potentially being
among and having the same rights in KYMCO as any other of KYMCO’s individual non-controlling shareholders. KYMCO stipulates that it is not providing anything of value to any government official in
connection with the contractual relationship established by this Agreement or with any of the proceeds arising from it. 

  

	 	(5)	 KYMCO agrees to have a continuing obligation to advise LW of any of its actions that may violate Clause
16.3(1). 

  

	 	(6)	 KYMCO acknowledges and understands that LW has the right to disclose any FCPA violation by KYMCO to the
government. 

  
 20 

	 	(7)	 If there are reasonable grounds to believe (i.e. sufficient and credible facts and circumstance) or receiving a
written notification from the competent authority or having other adequate evidence, that any representation covering the anticorruption requirements contained in this Agreement or in the Anti-Bribery Certification has been breached, or that a
bribery-related violation has occurred or is about to occur, notwithstanding anything to the contrary herein, LW may [***] directly related to the products or services of the alleged violation or take such further action LW reasonably determines is
necessary until it has received adequate confirmation that KYMCO is in compliance with the terms of this Agreement and that no violations of bribery-related laws have occurred or will occur. KYMCO agrees that if reasonably necessary, upon reasonable
written notice, KYMCO will allow LW to [***] related to this Agreement to assist and cooperate with LW in confirming compliance with the applicable anticorruption laws. 

 

	 	(8)	 In the event of any breach of this Clause 16.3 or any actions by KYMCO that cause a violation of the
FCPA, LW will have the right to terminate this Agreement with written notice. 

  

	 	(9)	 Neither Party is obligated to take any actions or omit to take any actions under this Agreement that it
reasonably believes would cause it to violate the laws of any country, including the FCPA or the UK Bribery Act. 

  

	 	(10)	 KYMCO agrees to indemnify LW for any costs, fees, expenses or fines or penalties incurred by LW as a result of
KYMCO’s breach of this Clause 16.3, subject to the terms and conditions of this Agreement. 

  

	17.	 CONFIDENTIALITY 

 

	17.1	 KYMCO and LW will comply with the terms and conditions of Appendix 1 except that LW may disclose the
existence and the terms of this Agreement to LW’s potential and existing investors of a private investment in public equity transaction contemplated by LW and AEA. 

 

	18.	 INDEMNITY 

  

	18.1	 General Indemnity. Without limiting any other rights which any such Party may have hereunder or under
applicable laws, each Party (the “Indemnifying Party”) hereby agrees to indemnify the other Party [***] (each of the foregoing individual, firm, company, corporation, or any association, trust, joint venture, consortium or
partnership (whether or not having separate legal personality) being individually called the “Indemnified Party”), forthwith on demand, from and against any and all damages, losses, claims, liabilities and related and reasonable
costs and expenses arising out of third party claims or losses and actually incurred, including reasonable attorneys’ fees and disbursements actually incurred, by the Indemnifying Party (all of the foregoing being collectively called
“Indemnified Amounts”) awarded against or incurred by the Indemnified Party, arising out of or relating to any breach of the representations, warranties or covenants by the Indemnifying Party [***] of this Agreement. 

  

	18.2	 Third Party Claim. In the event of the assertion or commencement by any third party of any claim or
other proceeding that may result in Indemnified Amounts, the Indemnified Party shall (a) promptly notify the Indemnifying Party thereof in writing and (b) consult in good faith with respect thereto with the Indemnifying Party. If requested
by the Indemnifying Party, the Indemnified Party shall keep the Indemnifying Party informed of developments in such claim and proceeding and the parties shall work together in good faith to minimize any liabilities or obligations of both parties in
respect of such claim and proceeding. 

  

	19.	 GOVERNING LAW 

 

	19.1	 This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of
Delaware without regard to principles of conflicts of law. 

  
 21 

	20.	 DISPUTE RESOLUTION 

 

	20.1	 The Parties’ shared objective is to resolve all disputes that may arise between them as amicably and
efficiently as possible, and neither Party will unreasonably delay the resolution of a dispute. 

  

	20.2	 All dispute resolution proceedings, including the arbitration proceedings will be conducted pursuant to this
Clause 20 and will be conducted in English. 

  

	20.3	 Within fourteen (14) days after a written notice of a dispute, LW and KYMCO personnel who are senior (when
possible) to the people with responsibility for administering this Agreement and who have the authority to resolve the dispute will meet either on the telephone or face to face, at a mutually agreeable time and location and attempt in good faith to
resolve the dispute (the “Initial Executive Meeting”). 

  

	20.4	 The Parties hereby irrevocably and unconditionally consent to submit to the exclusive jurisdiction of the
applicable courts of the State of Delaware, and any appellate court thereof for any dispute, controversy, difference or claim arising out of or relating to this Agreement, including the existence, validity, interpretation, performance, breach or
termination thereof or any dispute regarding non-contractual obligations arising out of or relating to it, and which have not been resolved between the Parties themselves at the Initial Executive Meeting
(including instances in which the Parties are unwilling or unable to conduct an Initial Executive Meeting) and consent not to commence any action, suit or proceeding relating thereto except in such courts. 

 

	20.5	 The Parties hereby irrevocably and unconditionally waive any objection to venue on any action, suit or
proceeding arising out of this Agreement in the applicable courts of the State of Delaware, and any appellate court thereof, and hereby further irrevocably and unconditionally waive and agree not to plead or claim in any such court that any such
action, suit or proceeding brought in any such court has been brought in an inconvenient forum. 

  

	20.6	 EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR
COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN OR THE ACTIONS OF THE PARTIES HERETO IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND
ENFORCEMENT OF THIS AGREEMENT. 

  

	21.	 NOTICES 

  

	21.1	 LW and KYMCO will each use commercially reasonable efforts to ensure that all written, verbal and electronic
notices are delivered to appropriate personnel at the other Party. Neither Party will attempt to avoid receipt of notice from the other Party. 

  

	21.2	 Any notice required or permitted under this Agreement will be in writing and will be effective as noted when
sent by any of the following methods at the addresses set out below: (a) upon delivery if by personal delivery; (b) the third (3rd) business day if sent by reputable overnight courier
(e.g., UPS); or (c) upon delivery if by e-mail, provided that a confirmation copy is delivered by another method under subparts (a) or (b). Either Party may change its notice address at any time by
written notice to the other Party. 

 If to LW: 

General Counsel 
 LiveWire
EV, LLC 
 3700 West Juneau Avenue 

Milwaukee, Wisconsin, 53208 
 E-mail: H-DGeneralCounsel@harley-davidson.com 

  
 22 

 If to KYMCO: 

HSIA,TSUNG-LIANG (夏宗良) 
 General Manager 

Kwang Yang Motor Co., Ltd. 

No.35, Wanxing St., Sanmin Dist., Kaohsiung City, Taiwan (R.O.C.) 

E-mail: ky3564@mail.kymco.com 

The notice recipients listed above are referred to in this Agreement as “Designated Recipients.” 

 

	21.3	 Either Party may change its Designated Recipients at any time by written notice to the Designated Recipients of
the other Party. 

  

	22.	 MISCELLANEOUS PROVISIONS 

 

	22.1	 All written and electronic communication made under or in connection with this Agreement will be made in
English. Where required by the local laws, the Parties shall translate and execute the local language version of this Agreement, and any amendments to this Agreement, and any other related documents to this Agreement (other than those which are
already made and executed in local language) as may be required by prevailing regulations, relevant authorities or the courts order. 

  

	22.2	 The Parties agree that this Agreement shall be signed and executed in English language on the Signing Date.

  

	22.3	 No failure of a Party to exercise its rights under this Agreement will be considered a waiver of future rights.

  

	22.4	 Any public statements about “partnering” between LW and KYMCO will not create a legal partnership or
fiduciary relationship between LW and KYMCO. Nothing herein or in any supplemental agreement or purchase order will create any implied obligations between the Parties or their Affiliates; the sole obligations of the Parties are what are expressly
set forth in this Agreement or in any supplemental agreement or purchase order. Neither Party nor its Affiliates shall have the right to create any legal obligation or take any action in the name of the other Party or its Affiliates without the
prior written consent of the other Party. 

  

	22.5	 Each Party will comply in all material respects with all applicable laws, rules and regulations in the Long
Term Collaboration cooperation hereunder, including without limitation remain in material compliance with all environmental, health, safety and labor laws applicable to such Party to the operation and use of such Party’s facilities at which the
relevant products are manufactured or stored. 

  

	22.6	 LW has adopted an affirmative action policy and has pledged to extend equal employment opportunities to all of
its employees, regardless of race, color, creed, age (over 40), sex, religion, national origin, ancestry, citizenship status, disability, handicap, medical condition (cancer related), marital status, sexual orientation, or affectional preference,
and to offer promotion and employment to all applicants and employees primarily on the basis of individual merit and qualifications. These equal opportunity personnel actions include, but are not limited to, recruitment, selection, placement,
transfer, promotion, compensation action, layoff, recall from layoff, termination, training, development, recreation, social action programs, benefit eligibility, and application of other personnel policies. Veterans and those who are either
mentally or physically disabled in a manner which substantially limits one or more of their major life activities are potentially eligible for special consideration under LW’s affirmative action program. In its operations outside the United
States, to the extent required by Taiwanese law, KYMCO agrees to comply with all comparable laws and regulations that are applicable to KYMCO. 

  
 23 

	22.7	 In addition to its other obligations under this Agreement, each Party will (a) conduct its business in an
ethical and fair manner; (b) maintain facilities for its workers that provide a safe and healthy environment; (c) provide wages and benefits that conform to the prevailing industry standards; (d) not exceed local work hour limits;
(e) not, directly or indirectly, use any child labor (i.e. workers younger than 16 years of age or the compulsory age for school attendance), or purchase materials from any entity that uses child labor; (f) not, directly or indirectly, use
prison or other forced labor or purchase materials from any entity that uses prison or other forced labor; and (g) not discriminate on the basis of personal characteristics or beliefs, in the case of KYMCO with respect to Clause 22.7(a)
to Clause 22.7(e), and Clause 22.7(g), to the extent required under Taiwan law. 

  

	22.8	 Neither Party may assign or transfer any of its rights or obligations under this Agreement without the prior
written consent of the other Party, which consent must not be unreasonably withheld. Notwithstanding the foregoing, either Party may assign or transfer any of its rights or obligations under this Agreement to a parent, Affiliate or subsidiary of
such Party, or in the event of a merger, acquisition or sale of substantially all such Party’s assets, without the prior written consent of the other Party, but subject to at least thirty (30) days’ prior written notice to the other
Party. This Agreement will be binding on the Parties and their respective permitted successors and assigns, and the assigning Party shall remain liable for its obligations under this Agreement to the maximum extent permitted by applicable law. A
Party wishing to assign this Agreement will give reasonable advance written notice of the proposed assignment to the Designated Recipients of the other Party. 

 

	22.9	 If any provision in this Agreement is determined to be unenforceable (a) the remainder of this Agreement
will continue in effect after severance of the unenforceable provision and (b) the Parties will promptly through good faith negotiations amend this Agreement to restore, to the maximum extent legally permissible, the benefits, rights and
obligations included in the unenforceable provision. 

  

	22.10	 This Agreement constitutes the entire agreement between the Parties with respect to the subject matter of this
Agreement and supersedes all previous written, oral and implied agreements, covenants and undertakings between them. No collateral agreements, written, oral or implied, have been made. 

 

	22.11	 The provisions of this Agreement are solely for the benefit of the Parties and are not intended to confer upon
any Person (including any shareholders of KYMCO or shareholders of LW) except the Parties hereto any rights or remedies hereunder. There are no third-party beneficiaries of this Agreement, and this Agreement shall not provide any third Person
(including any shareholders of KYMCO or shareholders of LW) with any remedy, claim, reimbursement, claim of action or other right in excess of those existing without reference to this Agreement. 

 

	22.12	 This Agreement may be executed electronically or by facsimile signature and in any number of counterparts, each
of which shall be deemed an original, but all of which together shall constitute but one and the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or pdf shall be as effective as delivery of a
manually executed counterpart of this Agreement. 

 [Signature page follows] 

  
 24 

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

			
	LiveWire EV, LLC
		
	By:	 	 /s/ Jochen Zeitz

	Name:	 	Jochen Zeitz
	Title:	 	Authorized Signatory

  
 [Signature Page
of LW] 

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

			
	Kwang Yang Motor Co., Ltd.
		
	By:	 	 /s/ KO, SHENG-FENG
(柯勝峯)

	Name:	 	KO, SHENG-FENG (柯勝峯)
	Title:	 	Chairman

 [Signature Page of KYMCO] 

 Appendix 1: Confidentiality Provisions 

1. Definition of Confidential Information and Related Definitions. 

“Confidential Information” is proprietary, trade secret or other
non-public information that both (1) is either marked with a “confidential information” or similar legend or the receiving party would reasonably know, in light of the circumstances under which
such information is provided, that the disclosing party expects the receiving party to keep such information secret and (2) the disclosing party can prove, through written or electronic records or other physical evidence, was in the disclosing
party’s possession at the time of disclosure. 
 Confidential information does not include information that the receiving party can prove through
written or electronic records or other physical evidence: 
  

	 	(a)	 at the time of disclosure is generally known to the public; 

 

	 	(b)	 becomes generally known to the public through no fault of the receiving party; 

 

	 	(c)	 is already rightfully in the possession of the receiving party at the time of disclosure and was not obtained
from the disclosing party; 

  

	 	(d)	 is later rightfully obtained by the receiving party from a third party not known by the receiving party to be
under an obligation of confidentiality to the disclosing party; or 

  

	 	(e)	 is later independently developed by the employees or agents of the receiving party who had no access to or
knowledge of the confidential information. 

 Some examples of information that may constitute Confidential Information
are new product plans, marketing plans, prototype and pre-production parts, cost and price data, non-public financial data, financial and production results and
forecasts, RFPs and RFQs and responses thereto, drawings, processes, designs, design criteria, testing methods, third party materials, personally identifiable information, and terms of transactions or supplier agreements. Confidential Information
includes Confidential Information of or about or provided by that party’s parents, subsidiaries and other related companies. 
 “Confidential
Information of KYMCO” means Confidential Information of KYMCO that KYMCO provides to LW or its Affiliates pursuant to the Cooperation contemplated by this Agreement; provided that Confidential Information of KYMCO does not include
(1) general industry knowledge, (2) Confidential Information of LW (solely of LW or owned together by LW with a third party (other than KYMCO or its Affiliates)) or (3) Joint Confidential Information. 

“Confidential Information of LW” means Confidential Information of LW that LW provides to KYMCO or its Affiliates pursuant to the Cooperation
contemplated by this Agreement; provided that Confidential Information of LW does not include (1) general industry knowledge, (2) Confidential Information of LW (solely of KYMCO or owned together by KYMCO with a third party (other than LW
or its Affiliates)) or (3) Joint Confidential Information. 
 “Joint Confidential Information” means Confidential Information that is
developed or created by both, or by employees, officers, directors, contractors or representatives of both, KYMCO or LW or their Affiliates. 
 2.
Nondisclosure and Nonuse of Confidential Information. 
 (a) Neither party will use or disclose the other party’s Confidential
Information except as permitted in this Appendix 1 or the Agreement. The receiving party will use Confidential Information only for the benefit of the disclosing party or as permitted by the Agreement. The receiving party may disclose
Confidential Information to its employees, agents, affiliates, 

  
 1 

 
service providers, and suppliers (“Representatives”) who need to know the Confidential Information for the purpose of carrying out the Long Term Cooperation or as permitted by
the Agreement. The receiving party’s Representatives will be required to maintain the confidentiality of the Confidential Information and the failure of any of them to maintain confidentiality will be the responsibility of the receiving party.
In addition, the receiving party will use its normal procedures (which may include entering into a written agreement) with respect to its Representatives to which Confidential Information is disclosed to procure that the Representatives will be
bound by confidentiality obligations no less strict than those Appendix 1 or the Agreement. Each party agrees to take reasonable precautions to safeguard the other party’s Confidential Information and at a minimum to take the same
precautions as it would to safeguard the confidentiality of its own proprietary, trade secret or other non-public information. The receiving party may disclose Confidential Information to the extent disclosure
is required by law, but only if the disclosing party is given written notice of the proposed disclosure as soon as the receiving party becomes aware of the disclosure obligation. 

(b) In the case of Confidential Information that also constitutes Intellectual Property, usage of such Intellectual Property in accordance with
Clause 11 of the Agreement shall not constitute a breach of this Appendix 1. 
 (c) Clause 11.4 of the Agreement shall
apply, mutatis mutandis, to Joint Confidential Information. Without limiting the scope of the preceding sentence, each Party may use and disclose Joint Confidential Information as and to the same extent set forth in the Agreement with respect to
Jointly Owned Intellectual Property. 
 3. Return of Confidential Information. At the termination of the Long Term Cooperation, upon the reasonable
request of the disclosing party, the receiving party will promptly return all tangible forms (including electronic) of Confidential Information of the other Party received by it that have not already been properly disposed of. If requested by the
receiving party, the disclosing party will identify the Confidential Information of the other Party that it believes the receiving party received from the disclosing party. The disclosing party will not request the return of Confidential Information
of the other Party that the receiving party requires to fulfill its contractual obligations, if any, to the disclosing party, or to exercise its rights, if any, under any contract with the disclosing party. The receiving party will only dispose of
the disclosing party’s Confidential Information when the Confidential Information is no longer required by the disclosing party. The receiving party will only dispose of Confidential Information (such as documents or prototype or pre-production parts) in a manner that results in the destruction of the Confidential Information (such as shredding) so that the Confidential Information cannot be recovered or used by a third party following
disposal. 
 4. Material Non-Public Information. The parties will advise their employees and agents and any
Representatives who are informed of or have access to Confidential Information that, in addition to their obligation to keep Confidential Information confidential, the United States securities laws prohibit persons who are in possession of material non-public information concerning a company from purchasing or selling securities of such company. 
 5. No Purchase or
Supply Obligations. This Appendix 1, by itself, does not and will not create an obligation on the part of LW to purchase products or services from KYMCO or an obligation on the part of KYMCO to supply products or services to LW. Any such
obligations will be the subject of separate agreements between the parties and/or LW’s subsidiaries and other related companies, which may incorporate this Appendix 1 and/or the Agreement and/or include terms and conditions in addition
to or different than those set forth in this Appendix 1 and/or the Agreement. 

  
 2 

 6. No Export. Each party acknowledges that Confidential Information which it receives may include
technical data developed in the United States subject to export restrictions, and therefore, will not export or re-export any Confidential Information without full compliance with all applicable export laws,
subject to the party that provides the Confidential Information subject to export restrictions notifying the receiving party thereof in advance. 

  
 3 

 Appendix 2: Data Privacy and Security 

1. Compliance with Consumer Protection, Security, and Privacy Laws. In connection with this Agreement, KYMCO may have access to Personal Information or LW
Data, and likewise, LW may have access to Personal Information or KYMCO Data. In that event, KYMCO and LW will enter into a written agreement in order to determine and specify the different aspects of the processing of Personal Information and to
allocate each Party’s specific role and responsibilities related to such processing (“Data Processing Agreement”). Furthermore, KYMCO and LW represent and warrant that at all times during and after the Term of the Agreement,
with regard to the processing of Personal Information described in such Data Processing Agreement, each will: 
  

	 	(a)	 comply, at each Party’s own expense, with all applicable local, state, federal, and international privacy,
confidentiality, consumer protection, advertising, electronic mail, data security, data destruction, and other similar laws, rules, regulations, and industry best practices, whether in effect now or in the future (all of the foregoing will be
collectively referred to as the “Privacy and Security Requirements”). Each Party acknowledges that it alone is responsible for identifying, understanding, and complying with its obligations under the Privacy and Security
Requirements as they apply to its performance of this Agreement and possession of the Personal Information and the other Party’s Data; 

  

	 	(b)	 use, handle, collect, maintain, safeguard, and destroy Personal Information and the other Party’s Data
solely as permitted under this Agreement and in accordance with all Privacy and Security Requirements; and, in particular; 

  

	 	(c)	 maintain and enforce administrative, technical, and physical security procedures designed to ensure the
confidentiality, integrity, and availability of Personal Information and the other Party’s Data that are (a) at least equal to those required by all relevant Privacy and Security Requirements, and, to the extent not inconsistent with the
foregoing, (b) in accordance with industry best practices for services of this kind; 

  

	 	(d)	 not transmit or make available any Personal Information to any entity or individual outside the respective
country where each Party is located (as informed in this Agreement), except that each Party may transmit or make available the Personal Information and the other’s Data back to the United States or Taiwan or other country where an each
Party’s facility using the other Party’s services is located; and 

  

	 	(e)	 not sell, transfer, disclose to any unauthorized person, or use the Personal Information or the other
Party’s Data received in connection with this Agreement except, to the extent applicable: (i) to provide the services under this Agreement; (ii) to cooperate with law enforcement investigations, to comply with legally executed
subpoenas, or as specifically required by law (provided the other Party is notified immediately of any such request, unless expressly precluded from providing such notice by the applicable process); or (iii) for those other uses, if any,
expressly authorized by the other Party in writing. 

 The foregoing requirements are in addition to any other confidentiality and
security obligations under the Agreement, including without limitation the Confidentiality Agreement. Nothing contained in this paragraph will be construed as granting Supplier any ownership interest in the Personal Information. Except in accordance
with a Data Processing Agreement or otherwise pursuant to explicit written agreement between the Parties, under no circumstances will either Party transmit Personal Information to the other. 

  
 2 

 2. Due Diligence; Assistance in Compliance. On written request from LW, KYMCO will provide reasonable
documentation, including summaries of any applicable third-party audits, substantiating KYMCO’s compliance with the Privacy and Security Requirements and sufficient to satisfy any due diligence obligations imposed on LW under any of the Privacy
and Security Requirements. At no charge to LW, KYMCO will cooperate with LW and any regulator or other governmental entity having jurisdiction over LW or the Personal Information or LW Data relating to KYMCO’s performance of this Agreement and
possession and use of the Personal Information and LW Data. 
 3. Due Diligence; Assistance in Compliance. On written request from KYMCO, LW will provide
reasonable documentation, including summaries of any applicable third-party audits, substantiating LW’s compliance with the Privacy and Security Requirements and sufficient to satisfy any due diligence obligations imposed on KYMCO under any of
the Privacy and Security Requirements. At no charge to KYMCO, LW will cooperate with KYMCO and any regulator or other governmental entity having jurisdiction over KYMCO or the Personal Information or KYMCO Data relating to LW’s performance of
this Agreement and possession and use of the Personal Information and KYMCO Data. 
 4. Actual or Potential Breach; Cooperation; Notification. KYMCO will
immediately notify LW of any actual or suspected breach of confidentiality, privacy or security with regard to LW Personal Information or LW Data. At no additional cost, KYMCO will fully cooperate with LW in investigating the breach, including, but
not limited to, the provision of system, application, and access logs, conducting forensics reviews of relevant systems, imaging relevant media, and making personnel available for interview. On notice of any actual or suspected breach, KYMCO will
immediately institute appropriate controls to maintain and preserve all electronic evidence relating to the breach in accordance with industry best practices. In the event any breach of security or confidentiality by KYMCO or its agents requires
notification to an individual under any Privacy and Security Requirements, LW will have sole control over the timing, content, and method of notification and KYMCO will promptly reimburse LW for all costs and expenses incurred as a result of the
breach, including but not limited to, notice, print and mailing costs, and the costs of obtaining credit monitoring services and identity theft insurance for the individuals whose Personal Information was or may have been compromised. 

5. Actual or Potential Breach; Cooperation; Notification. LW will immediately notify KYMCO of any actual or suspected breach of confidentiality, privacy or
security with regard to KYMCO Personal Information or KYMCO Data. At no additional cost, LW will fully cooperate with KYMCO in investigating the breach, including, but not limited to, the provision of system, application, and access logs, conducting
forensics reviews of relevant systems, imaging relevant media, and making personnel available for interview. On notice of any actual or suspected breach, LW will immediately institute appropriate controls to maintain and preserve all electronic
evidence relating to the breach in accordance with industry best practices. In the event any breach of security or confidentiality by LW or its agents requires notification to an individual under any Privacy and Security Requirements, KYMCO will
have sole control over the timing, content, and method of notification and LW will promptly reimburse KYMCO for all costs and expenses incurred as a result of the breach, including but not limited to, notice, print and mailing costs, and the costs
of obtaining credit monitoring services and identity theft insurance for the individuals whose Personal Information was or may have been compromised. 

  
 3 

 Appendix 3: [***] 

  
 1 

 Appendix 4: [***] 

  
 1EX-10.2

 Exhibit 10.2 

Final Form 

INVESTMENT AGREEMENT 

This INVESTMENT AGREEMENT (this “Investment Agreement”), dated [ ● ], 2021, is entered into by and
between AEA-Bridges Impact Corp., a Cayman Islands exempted company, which shall be domesticated as a Delaware corporation prior to the closing of the Business Combination (as defined herein)
(“SPAC”), LW EV Holdings, Inc., a Delaware corporation and a wholly-owned subsidiary of SPAC (“HoldCo”) and [ KYMCO Entity ] (the “Investor”). Capitalized terms used but not defined herein shall
have the meanings ascribed to them in the Transaction Agreement (as defined below). 
 RECITALS 

WHEREAS, as set forth in that certain Business Combination Agreement, dated as of the date hereof (as the same may be amended, restated,
modified or supplemented from time to time, the “Transaction Agreement”), by and among HoldCo, Harley-Davidson, Inc., a Wisconsin corporation (“HD”), SPAC, LiveWire EV, LLC, a Delaware limited liability company
(“LiveWire”) and LW EV Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of HoldCo, the parties thereto have agreed, among other things and in accordance with the terms and subject to the conditions set
forth in the Transaction Agreement, that simultaneously with the Closing (as defined below), among other things, (a) HoldCo will become the sole stockholder of SPAC and (b) SPAC will become the sole equityholder and managing member of
LiveWire (the “Business Combination”); 
 WHEREAS, prior to the consummation of the Business Combination, pursuant to the
terms of that certain Separation Agreement, dated as of the date hereof (the “Separation Agreement”), by and between HD and LiveWire, HD will separate LiveWire from the HD Group (as defined in the Separation Agreement) to create
separate, standalone companies (the “Separation”), one comprising (i) the Harley Business (as defined in the Separation Agreement), which shall be owned and conducted, directly or indirectly, by HD and its subsidiaries
(excluding LiveWire and its subsidiaries) following the Separation and (ii) the LiveWire Business (as defined in the Separation Agreement), which shall be owned and conducted, directly or indirectly, by HoldCo and its subsidiaries following the
Separation; 
 WHEREAS, following execution and delivery of this Investment Agreement and the Transaction Agreement, HoldCo and certain
parties (such parties, the “PIPE Investors”) may enter into one or more subscription agreement (the “PIPE Subscription Agreements”), for a private placement of shares of common stock, par value $0.0001 per share, of
HoldCo (“Common Stock”), to be consummated immediately prior to the consummation of the Business Combination (the “PIPE Offering”); 

WHEREAS, in connection with the closing of the Business Combination, the shares of Common Stock will be registered as a class under
Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and listed for trading on the New York Stock Exchange (the “NYSE”); 

 WHEREAS, as set forth in that certain Long-Term Collaboration Agreement, dated as of
December 12, 2021 (the “Commercial Agreement”), by and between KWANG YANG MOTOR CO., LTD. and LiveWire EV, LLC, the parties to the Commercial Agreement have agreed to partner on certain opportunities involving the LiveWire
Business (the “Contemplated Cooperation”); and 
 WHEREAS, in connection with the Contemplated Cooperation, in accordance
with the terms and subject to the conditions set forth in this Investment Agreement, (i) the Investor desires to purchase from HoldCo a certain number of shares of Common Stock as set forth in this Investment Agreement, and (ii) HoldCo
desires to issue and sell to the Investor such shares of Common Stock in consideration of the payment of the Purchase Price (as defined below) by the Investor to HoldCo on or prior to the Closing Date (as defined below). 

AGREEMENT 
 NOW,
THEREFORE, in connection therewith, and in consideration of the foregoing and the mutual representations, warranties and covenants, and subject to the conditions, set forth herein, and intending to be legally bound hereby, the parties hereto hereby
acknowledge and agree as follows: 
  

	1.	 INVESTMENT. Subject to the terms and conditions hereof, the Investor hereby agrees to purchase,
and HoldCo hereby agrees to issue and sell to the Investor, in each case on the Closing Date (as defined below), [ ● ] shares of Common Stock at a purchase price of $10.00 per share (the
“Per-Share Price”). The shares of Common Stock to be purchased by the Investor pursuant to this Section 1 are hereinafter referred to as the
“Shares”; and the U.S. dollar amount equal to the number of Shares multiplied by the Per-Share Price is hereinafter referred to as the “Purchase Price.”

 

	2.	 CLOSING. 

 

	 	(a)	 The closing of the sale of Shares contemplated hereby (the “Closing”) shall occur on the date
(the “Closing Date”) of the consummation of the Business Combination pursuant to the Transaction Agreement and shall be conditioned upon the prior or substantially concurrent consummation of the Business Combination, the Separation
and the PIPE Offering. At least three (3) Business Days before the anticipated Closing Date, HoldCo shall deliver written notice to the Investor (the “Closing Notice”) specifying (i) the anticipated Closing Date and
(ii) the wire instructions for delivery of the Purchase Price to HoldCo. No later than two (2) Business Days prior to the Closing Date, the Investor shall deliver or cause to be delivered to HoldCo (A) the Purchase Price via wire
transfer of United States dollars in immediately available funds to the account specified by HoldCo in the Closing Notice, such funds to be held by HoldCo in escrow until the Closing, and (B) such information as is reasonably requested in the
Closing Notice in order for HoldCo to cause the Shares to be issued and delivered to the Investor. HoldCo shall deliver to the Investor (1) at the Closing, the Shares in book entry form, free and clear of any liens or other restrictions (other
than those arising under this Investment Agreement or applicable securities laws), in the name of the Investor (or its nominee in accordance with its delivery instructions) or to a custodian designated by the Investor, as applicable, and (2) as
promptly as practicable after the Closing, 

  
 2 

	 	
written notice from HoldCo or its transfer agent evidencing the issuance to the Investor of the Shares on and as of the Closing Date; provided, however, that HoldCo’s obligation to
issue the Shares to the Investor is contingent upon HoldCo having received the Purchase Price in full accordance with this Section 2. In the event that the Closing Date does not occur within ten (10) Business Days
after the anticipated Closing Date specified in the Closing Notice, unless otherwise agreed to in writing by HoldCo and the Investor, HoldCo shall promptly (but not later than one (1) Business Day thereafter) return the funds so delivered by
the Investor to HoldCo by wire transfer in immediately available funds to the account specified by the Investor; provided, that unless this Investment Agreement has been terminated pursuant to Section 8 hereof, such
return of funds shall not terminate this Investment Agreement or relieve the Investor of its obligation to purchase the Shares at the Closing following HoldCo’s delivery to Investor of a new Closing Notice. For purposes of this Investment
Agreement, “Business Day” shall mean a day other than a Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or required by law to close. 

 

	 	(b)	 Prior to or at the Closing, Investor shall deliver to HoldCo a duly completed and executed Internal Revenue
Service Form W-9 or appropriate Internal Revenue Service Form W-8. 

  

	 	(c)	 Closing Conditions. In addition to the conditions set forth in Section 2(a): 

 

	 	(i)	 General Conditions. The Closing is also subject to the satisfaction or valid waiver in writing by each
party of the conditions that, on the Closing Date: 

  

	 	(1)	 no applicable governmental authority shall have enacted, rendered, issued, promulgated, enforced or entered any
judgment, order, law, rule or regulation (whether temporary, preliminary or permanent) which is then in effect and has the effect of making the consummation of the transactions contemplated by this Investment Agreement, the Transaction Agreement,
the Separation Agreement or the PIPE Subscription Agreements illegal or otherwise restraining or prohibiting consummation of the transactions contemplated hereby or thereby, and no governmental authority shall have instituted or threatened in
writing a proceeding seeking to impose any such restraint or prohibition; and 

  

	 	(2)	 all conditions precedent to the closing of the Business Combination set forth in the Transaction Agreement,
including the consummation of the Separation and the PIPE Offering, shall have been satisfied or waived by the applicable party (other than those conditions which, by their nature, are to be satisfied at the closing of the Business Combination
pursuant to the Transaction Agreement, the Separation Agreement and the PIPE Subscription Agreements). 

  
 3 

	 	(ii)	 HoldCo Conditions. The obligations of HoldCo to consummate the Closing are also subject to the
satisfaction or valid waiver in writing by HoldCo of the additional conditions that, on the Closing Date: 

  

	 	(1)	 all representations and warranties of the Investor contained in this Investment Agreement shall be true and
correct in all material respects (other than representations and warranties that are qualified as to materiality, which representations and warranties shall be true in all respects) at and as of the Closing Date (except for representations and
warranties made as of a specific date, which shall be true and correct in all material respects (other than representations and warranties that are qualified as to materiality, which representations and warranties shall be true in all respects) as
of such specified date), and consummation of the Closing, shall constitute a reaffirmation by the Investor of each of the representations, warranties and agreements of the Investor contained in this Investment Agreement as of the Closing Date, or
such specified date, as applicable; 

  

	 	(2)	 the Investor shall have performed, satisfied and complied in all material respects with all covenants,
agreements and conditions required by this Investment Agreement to be performed, satisfied or complied with by it at or prior to Closing; and 

  

	 	(3)	 the Commercial Agreement shall have been executed and delivered by the Investor or its affiliate(s) party
thereto. 

  

	 	(iii)	 Investor Conditions. The obligations of the Investor to consummate the Closing are also subject to the
satisfaction or valid waiver in writing by the Investor of the additional conditions that, on the Closing Date: 

 (1) all
representations and warranties of HoldCo and SPAC contained in this Investment Agreement shall be true and correct in all material respects (other than representations and warranties that are qualified as to materiality or Material Adverse Effect
(as defined herein), which representations and warranties shall be true in all respects) at and as of the Closing Date (except for representations and warranties made as of a specific date, which shall be true and correct in all material respects
(other than representations and warranties that are qualified as to materiality or Material Adverse Effect, which representations and warranties shall be true in all respects) as of such specified date), and consummation of the Closing, shall
constitute a reaffirmation by SPAC and HoldCo of each of the representations, warranties and agreements of SPAC and HoldCo contained in this Investment Agreement as of the Closing Date, or such specified date, as applicable; 

  
 4 

 (2) SPAC and HoldCo shall have performed, satisfied and complied in all material respects
with all covenants, agreements and conditions required by this Investment Agreement to be performed, satisfied or complied with by each of them at or prior to Closing; 

(3) there shall have been no amendment or modification of, or waiver with respect to, the terms of the Transaction Agreement, as in effect as
of the date hereof, that would reasonably be expected to materially and adversely affect the economic benefits that the Investor reasonably would expect to receive pursuant to this Investment Agreement (it being understood that any such amendment,
modification or waiver resulting in (i) an increase in the valuation of LiveWire in connection with the Business Combination would have such a material and adverse effect and (ii) a decrease in the valuation of LiveWire in connection with
the Business Combination and/or the failure by one or more PIPE Investors to meet their closing funding obligations in violation of the PIPE Subscription Agreements would not have such a material and adverse effect) without SPAC and HoldCo having
received Investor’s prior written consent (not to be unreasonably withheld, conditioned or delayed); provided, that the foregoing condition shall not apply with respect to any amendment, modification or waiver of
Section 11.3(e) of the Transaction Agreement (or the effects thereof); and 
 (4) the Commercial Agreement shall have been
executed and delivered by LiveWire. 
  

	3.	 FURTHER ASSURANCES. At or prior to the Closing Date, the parties hereto shall execute and
deliver or cause to be executed and delivered such additional documents and take such additional actions as the parties reasonably may deem to be practical and necessary in order to consummate the investment as contemplated by this Investment
Agreement. 

  

	4.	 SPAC AND HOLDCO REPRESENTATIONS AND WARRANTIES. Each of SPAC and HoldCo represents and
warrants to the Investor, as of the date of this Investment Agreement and as of the Closing Date (except as otherwise specified below), that: 

  

	 	(a)	 As of the date hereof, SPAC is an exempted company duly incorporated validly existing and in good standing
under the laws of the Cayman Islands (to the extent such concept exists in such jurisdiction) and HoldCo is duly incorporated, validly existing as a corporation and in good standing under the laws of the State of Delaware; and each of SPAC and
HoldCo has corporate power and authority to own, lease and operate its properties and conduct its business as presently proposed to be conducted and to enter into, deliver and perform its obligations under this Investment Agreement. SPAC has
no direct or indirect subsidiaries, other than HoldCo and any merger subsidiaries formed in connection with the Business 

  
 5 

	 	
Combination. As of the Closing Date, following the Domestication, SPAC will be duly incorporated, validly existing as a corporation and in good standing under the laws of the State of Delaware;
and SPAC will have corporate power and authority to own, lease and operate its properties and conduct its business as then proposed to be conducted and to perform its obligations under this Investment Agreement. 

 

	 	(b)	 As of the Closing Date, the Shares will be duly authorized and, when issued and delivered to the Investor
against full payment therefor in accordance with the terms of this Investment Agreement, the Shares will be validly issued, fully paid and non-assessable and will not have been issued in violation of or
subject to any preemptive or similar rights created under HoldCo’s organizational documents, or under applicable law, or under any other agreement to which HoldCo is a party or by which HoldCo is bound. 

 

	 	(c)	 This Investment Agreement has been duly authorized, executed and delivered by SPAC and HoldCo and, assuming
that this Investment Agreement constitutes a valid and binding agreement of the Investor, is a valid and binding obligation of SPAC and HoldCo, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent
conveyance, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and subject, as to enforceability, to general principles of equity, whether considered at law or equity. 

 

	 	(d)	 The issuance and sale of the Shares and the compliance by SPAC and HoldCo with all of the provisions of this
Investment Agreement and the consummation of the transactions herein will be done in accordance with NYSE rules and will not: (i) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under,
or result in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets of SPAC or HoldCo or any of their respective subsidiaries pursuant to the terms of any indenture, mortgage, deed of trust, loan agreement,
lease, license or other agreement or instrument to which SPAC or HoldCo or any of their respective subsidiaries is a party or by which SPAC or HoldCo or any of its subsidiaries is bound or to which any of the property or assets of SPAC or HoldCo is
subject, which would reasonably be expected to have, individually or in the aggregate, a material adverse effect on the business, properties, prospects, assets, liabilities, operations, condition (including financial condition),
stockholders’ equity or results of operations of SPAC or HoldCo (including following the closing of the Business Combination) or materially affect the validity of the Shares or the ability or legal authority of SPAC or HoldCo to timely perform
in all material respects their respective obligations under the terms of this Investment Agreement (a “Material Adverse Effect”); (ii) result in any violation of the provisions of the organizational documents of SPAC or HoldCo; or
(iii) result in any violation of any statute or any judgment, order, rule or regulation of any court or governmental agency or body, domestic or foreign, having jurisdiction over SPAC or HoldCo or any of their respective properties that would
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

  
 6 

	 	(e)	 As of their respective dates, all reports or other filings (the “SEC Reports”) required to be
filed by SPAC or HoldCo with the U.S. Securities and Exchange Commission (the “SEC”) have been timely filed and complied in all material respects with the applicable requirements of the Securities Act of 1933, as amended (the
“Securities Act”), the Exchange Act, and the rules and regulations of the SEC promulgated thereunder. None of the SEC Reports, when filed, or, if amended, as of the date of such amendment, contained any untrue statement of a
material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. As of the date hereof to the
knowledge of SPAC, there are no material outstanding or unresolved comments in comment letters received by SPAC from the staff of the Division of Corporation Finance of the SEC with respect to any of the SEC Reports. The financial statements of SPAC
and HoldCo included in the SEC Reports comply in all material respects with applicable accounting requirements and the rules and regulations of the SEC with respect thereto as in effect at the time of filing and fairly present in all material
respects the financial condition of SPAC and HoldCo as of and for the dates thereof and the results of operations and cash flows for the periods presented, subject, in the case of interim unaudited statements, to normal, year-end audit adjustments. A copy of each SEC Report is available to the Investor via the SEC’s EDGAR system. For the avoidance of doubt, any restatement of the financial statements of SPAC or HoldCo and any
amendments to previously filed SEC Reports or delays in filing SEC Reports, in connection with any guidance from the SEC following the date hereof, shall not be deemed to constitute a breach of this Section 4.

  

	 	(f)	 Assuming the accuracy of the Investor’s representations and warranties set forth in
Section 5 of this Investment Agreement, no registration under the Securities Act is required for the offer and sale of the Shares by HoldCo to the Investor. 

 

	 	(g)	 No consent, waiver, authorization, approval, filing with or notification to any court or other federal, state,
local or other governmental authority is required on the part of SPAC or HoldCo with respect to the execution, delivery or performance by SPAC or HoldCo of this Investment Agreement (including without limitation the issuance of the Shares), other
than (i) the filings required by applicable state or federal securities laws, (ii) the filings required by the NYSE, or (iii) those consents, waivers, authorizations, approvals, filings or notifications the failure of which to give,
make or obtain would not be reasonably expected to have, individually or in the aggregate, a Material Adverse Effect. 

  

	 	(h)	 None of SPAC, HoldCo or any person acting on behalf of SPAC or HoldCo has offered or sold the Shares by any
form of general solicitation or general advertising in violation of the Securities Act. 

  

	 	(i)	 Neither SPAC nor HoldCo has entered into any agreement or arrangement entitling any agent, broker, investment
banker, financial advisor or other person to any broker’s or finder’s fee or any other commission or similar fee in connection with the transactions contemplated by this Investment Agreement for which the Investor could become liable.

  
 7 

	 	(j)	 As of the date of this Investment Agreement, the authorized capital stock of SPAC consists of (i) 50,000,000 of
SPAC’s Class A ordinary shares, par value $0.0001 per share (the “Class A Shares”), 40,000,000 of which are issued and outstanding, (ii) 50,000,000 of SPAC’s Class B ordinary shares, par value $0.0001 per share
(the “Class B Shares”), 10,000,000 of which are issued and outstanding, and (iii) 5,000,000 of SPAC’s preference shares, par value $0.0001 per share, none of which are issued and outstanding. All of the outstanding shares of
capital stock of HoldCo are owned by SPAC. There are no outstanding contractual obligations of SPAC to repurchase, redeem or otherwise acquire any equity capital of SPAC. There are no securities or instruments issued by or to which SPAC is a party
containing anti-dilution or similar provisions that will be triggered by the issuance of the (i) Shares pursuant to this Investment Agreement or (ii) the shares of Common Stock to be issued pursuant to any PIPE Subscription Agreement (if
any). There are no outstanding contractual obligations of SPAC to provide funds to or make any investment (in the form of a loan, capital contribution or otherwise) in, any other person or entity. Except pursuant to the PIPE Subscription Agreements
(if any), the Transaction Agreement and the other agreements and arrangements referred to therein or in the SEC Reports, as of the date hereof there are no outstanding options, warrants, or other rights to subscribe for, purchase or acquire from
SPAC any equity interests in SPAC, or securities convertible into or exchangeable or exercisable for any such equity interests. There are no stockholder agreements, voting trusts or other agreements or understandings to which SPAC is a party or by
which it is bound relating to the voting of any securities of SPAC, other than (i) as set forth in the SEC Reports and (ii) as contemplated by the Transaction Agreement (including the exhibits thereto). 

 

	 	(k)	 Each of SPAC and HoldCo acknowledges that there have been no representations or warranties made to SPAC or
HoldCo by the Investor, or its officers, employees or directors or other representatives, expressly or by implication, other than those representations or warranties of the Investor explicitly included in Section 5 of this
Investment Agreement. 

  

	 	(l)	 Neither SPAC nor HoldCo is, and immediately after receipt of payment for the Shares, will be, an
“investment company” within the meaning of the Investment Company Act of 1940, as amended. 

  

	 	(m)	 Each of SPAC and HoldCo is in compliance with all applicable laws, except where such noncompliance would not
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. As of the date hereof, neither SPAC nor HoldCo has received any written communication from a governmental authority that alleges that SPAC or HoldCo is not
in compliance with or is in default or violation of any applicable law, except where such non-compliance, default or violation would not reasonably be expected to have, individually or in the aggregate, a
Material Adverse Effect. 

  
 8 

	 	(n)	 Except for such matters as have not had and would not be reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect, there is no (i) action, suit, claim or other proceeding, in each case by or before any governmental authority pending, or, to the knowledge of SPAC, threatened against SPAC or HoldCo or (ii) judgment,
decree, injunction, ruling or order of any governmental entity outstanding against SPAC or HoldCo. 

  

	 	(o)	 As of the date hereof, other than the Transaction Agreement and any other agreement contemplated by the
Transaction Agreement, neither SPAC nor HoldCo has entered into any agreement (including any side letter or similar agreement) with any PIPE Investor in connection with such PIPE Investor’s direct or indirect investment in SPAC or HoldCo (other
than any side letter or similar agreement relating to the transfer to any investor of (i) securities of SPAC by existing securityholders of SPAC, which may be effectuated as a forfeiture to HoldCo or SPAC and reissuance, or (ii) securities
to be issued to the direct or indirect securityholders of SPAC or HoldCo pursuant to the Transaction Agreement). Each PIPE Subscription Agreement entered into as of the date hereof contains a per-share
purchase price for the shares of Common Stock to be purchased thereunder that is equal to the Per-Share Price, and the other terms and conditions of each PIPE Subscription Agreement are not materially more
advantageous to the PIPE Investor thereunder than the terms and conditions of this Investment Agreement; and no provision of any PIPE Subscription Agreement shall be amended, modified or waived after the date hereof in a manner that results in the
terms and conditions of such PIPE Subscription Agreement being more favorable to the PIPE Investor thereunder than the terms and conditions of this Investment Agreement are to the Investor. 

 

	 	(p)	 Prior to the Investor’s execution and delivery of this Investment Agreement, SPAC has furnished to the
Investor true and complete copies of the Transaction Agreement and the Separation Agreement, each as it will be in effect following its execution and delivery by the parties thereto on the date hereof. 

 

	 	(q)	 The issued and outstanding Class A Shares are registered pursuant to Section 12(b) of the Exchange
Act and are listed for trading on the NYSE. There is no suit, action, proceeding or investigation pending or, to the knowledge of SPAC, threatened against SPAC by the NYSE or the SEC to deregister the Class A Shares under the Exchange Act or
prohibit or terminate the listing of the Class A Shares, or suspend the trading of the Class A Shares, on the NYSE. SPAC has taken no action that is designed to terminate the registration of the Class A Shares under the Exchange Act
or the listing of the Class A Shares on the NYSE. Upon consummation of the Business Combination, the issued and outstanding shares of Common Stock will be registered pursuant to Section 12(b) of the Exchange Act and listed for trading on
the NYSE. 

  
 9 

	 	(r)	 There has been no action taken by SPAC or HoldCo or, to the knowledge of SPAC, any officer, director,
equityholder, manager, employee, agent or representative of SPAC or HoldCo, in each case, acting on behalf of SPAC or HoldCo, in violation of any applicable Anti-Corruption Laws (as defined below). Neither SPAC nor HoldCo: (i) has been
convicted of violating any Anti-Corruption Laws or, to the knowledge of SPAC, been subject to any investigation by a governmental authority for potential violation of any applicable Anti-Corruption Laws; (ii) has conducted or initiated any
internal investigation or made a voluntary, directed, or involuntary disclosure to any governmental authority regarding any alleged act or omission arising under or relating to any noncompliance with any Anti-Corruption Laws; or (iii) has
received any written notice or citation from a governmental authority for any actual or potential noncompliance with any applicable Anti-Corruption Laws. As used herein, “Anti-Corruption Laws” means any applicable laws relating to
corruption and bribery, including the U.S. Foreign Corrupt Practices Act of 1977 (as amended), the UK Bribery Act 2010, and any similar law that prohibits bribery or corruption in the jurisdictions in which SPAC and HoldCo operate.

  

	 	(s)	 Each of SPAC and HoldCo acknowledges that neither the due diligence investigation conducted by the Investor in
connection with making its decision to acquire the Shares nor any representations and warranties made by the Investor herein shall modify, amend or affect the Investor’s right to rely on the truth, accuracy and completeness of SPAC’s and
HoldCo’s representations and warranties contained herein. 

  

	 	(t)	 Prior to the date hereof, each of SPAC and HoldCo has made available to the Investor written due diligence
information concerning SPAC, HoldCo, the Business Combination, the Separation and the LiveWire Business (as defined in the Separation Agreement) that is not materially different, in scope or content, from any such written information made available
by SPAC or HoldCo (including their respective representatives and agents) to any current PIPE Investor as of the date hereof. 

  

	5.	 INVESTOR REPRESENTATIONS AND WARRANTIES. The Investor represents and warrants to
HoldCo, as of the date of this Investment Agreement and as of the Closing Date, that: 

  

	 	(a)	 The Investor is (i) an Institutional Account (as defined in FINRA Rule 4512(c)) and (ii) (x) an
institutional “accredited investor” (within the meaning of Rule 501(a) under the Securities Act) or (y) a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act) and is acquiring the Shares only
for its own account and not for the account of others, and not on behalf of any other account or person or with a view to, or for offer or sale in connection with, any distribution thereof in violation of the Securities Act (and shall provide the
requested information set forth on Schedule A). 

  

	 	(b)	 The Investor acknowledges and agrees that the Shares are being offered in a transaction not involving any
public offering within the meaning of the Securities Act and that the Shares have not been registered under the Securities Act or any other applicable securities laws. The Investor acknowledges and agrees that the Shares may not be offered, resold,
transferred, pledged or otherwise disposed of by 

  
 10 

	 	
the Investor absent an effective registration statement under the Securities Act except (i) to HoldCo or a subsidiary thereof, (ii) to
non-U.S. persons pursuant to offers and sales qualifying as “offshore transactions” within the meaning of Regulation S under the Securities Act or (iii) pursuant to another applicable
exemption from the registration requirements of the Securities Act, and in each of cases (ii) and (iii), in accordance with any applicable securities laws of the states and other jurisdictions of the United States, and that any certificates or
book entry account representing the Shares shall contain a legend to such effect. The Investor acknowledges that the Shares will not be eligible for resale pursuant to Rule 144 promulgated under the Securities Act until at least one year following
the filing of certain required information with the SEC after the Closing Date and that the provisions of Rule 144(i) will apply to the Shares. The Investor understands and agrees that the Shares will be subject to the transfer restrictions set
forth in Section 10 and, as a result of these transfer restrictions, the Investor may not be able to readily offer, resell, transfer, pledge or otherwise dispose of the Shares and may be required to bear the financial risk
of an investment in the Shares for an indefinite period of time. The Investor acknowledges and agrees that it has been advised to consult legal counsel and tax and accounting advisors prior to making any offer, resale, transfer, pledge or
disposition of any of the Shares. 

  

	 	(c)	 The Investor acknowledges and agrees that the Investor is purchasing the Shares directly from HoldCo. The
Investor further acknowledges that there have been no representations, warranties, covenants or agreements made to the Investor by SPAC or HoldCo, any of their respective officers or directors or other representatives, expressly or by implication,
other than those representations, warranties, covenants and agreements of SPAC and HoldCo explicitly included in this Investment Agreement. 

  

	 	(d)	 The Investor’s acquisition and holding of the Shares will not constitute or result in a non-exempt prohibited transaction under Section 406 of the Employee Retirement Income Security Act of 1974, as amended, Section 4975 of the Internal Revenue Code of 1986, as amended, or any applicable
similar Law. 

  

	 	(e)	 Subject to the truth and accuracy of SPAC’s and HoldCo’s representations and warranties in Sections
4(p) and 4(t), the Investor acknowledges and agrees that the Investor has received such information as the Investor deems necessary in order to make an investment decision with respect to the Shares. Without limiting the generality of the foregoing,
the Investor acknowledges that it has reviewed the SEC Reports and other information as the Investor has deemed necessary to make an investment decision with respect to the Shares. Subject to the truth and accuracy of SPAC’s and HoldCo’s
representations and warranties in Sections 4(p) and 4(t), the Investor acknowledges and agrees that the Investor and the Investor’s professional advisor(s), if any, have had the full opportunity to ask such questions, receive such answers and
obtain such information from SPAC and HoldCo concerning SPAC and HoldCo and an investment in the Shares as the Investor and such Investor’s professional advisor(s), if any, have deemed necessary to make an investment decision with respect to
the Shares. 

  
 11 

	 	(f)	 The Investor acknowledges that HoldCo represents and warrants that the Shares (i) were not offered by any
form of general solicitation or general advertising and (ii) are not being offered in a manner involving a public offering under, or in a distribution in violation of, the Securities Act, or any state securities laws. 

 

	 	(g)	 The Investor acknowledges that it is aware that there are substantial risks incident to the purchase and
ownership of the Shares, including but not limited to those set forth in the SEC Reports. The Investor has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment in the
Shares, and the Investor has sought such accounting, legal and tax advice as the Investor has considered necessary to make an informed investment decision. 

  

	 	(h)	 The Investor acknowledges that the Investor (and not SPAC or HoldCo) shall be responsible for any tax
liabilities that may arise as a result of the transactions contemplated by this Investment Agreement. The Investor acknowledges that none of SPAC, HoldCo or any representative of SPAC or HoldCo has provided, or will provide, the Investor with tax
advice regarding the Shares, SPAC, HoldCo or the execution of this Investment Agreement, and each of SPAC and HoldCo has advised the Investor to consult the Investor’s own tax advisor with respect to the tax consequences of each of the
foregoing, including but not limited to any applicable elections, withholdings or other matters relating to the Shares, SPAC, HoldCo or the execution of this Investment Agreement. 

 

	 	(i)	 Alone, or together with any professional advisor(s), the Investor has adequately analyzed and fully considered
the risks of an investment in the Shares and determined that the Shares are a suitable investment for the Investor and that the Investor is able at this time and in the foreseeable future to bear the economic risk of a total loss of the
Investor’s investment in HoldCo. The Investor acknowledges specifically that a possibility of total loss exists. 

  

	 	(j)	 In making its decision to purchase the Shares, the Investor has relied solely upon independent investigation
made by the Investor. Without limiting the generality of the foregoing, the Investor has not relied on any statements or other information provided by SPAC , HoldCo, LiveWire or any of their respective Representatives concerning HoldCo or the Shares
or the offer and sale of the Shares, other than those representations, warranties, covenants and agreements included in this Investment Agreement. 

  

	 	(k)	 The Investor acknowledges and agrees that no federal or state agency has passed upon or endorsed the merits of
the offering of the Shares or made any findings or determination as to the fairness of this investment. 

  

	 	(l)	 The Investor has been duly formed or incorporated and is validly existing in good standing under the laws of
its jurisdiction of incorporation or formation, with power and authority to enter into, deliver and perform its obligations under this Investment Agreement. 

  
 12 

	 	(m)	 The execution, delivery and performance by the Investor of this Investment Agreement and the transactions
contemplated herein are within the powers of the Investor, have been duly authorized and will not constitute or result in a breach or default under or conflict with any order, ruling or regulation of any court or other tribunal or of any
governmental commission or agency, or any agreement or other undertaking, to which the Investor is a party or by which the Investor is bound, and will not violate any provisions of the Investor’s charter documents, including without limitation,
its incorporation or formation papers, bylaws, indenture of trust or partner or operating agreement, as may be applicable. The signature on this Investment Agreement is genuine, the signatory has been duly authorized to execute the same, and
assuming this Investment Agreement constitutes a valid and binding agreement of each of SPAC and HoldCo, this Investment Agreement constitutes a legal, valid and binding obligation of the Investor, enforceable against the Investor in accordance with
its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and subject, as to enforceability, to general principles of equity,
whether considered at law or equity. 

  

	 	(n)	 [Reserved] 

  

	 	(o)	 The Investor is not, and has not at any time during the past five (5) years been, (i) a person or
entity named on, or otherwise owned or controlled by or acting on behalf of, a person or entity named on, the Specially Designated Nationals and Blocked Persons List administered by the U.S. Department of the Treasury’s Office of Foreign Assets
Control (“OFAC”) or on any similar list of sanctioned persons maintained by the U.S. Government, the European Union or any European Union Member State, including the United Kingdom, or a person or entity with whom transactions
are restricted or prohibited by any OFAC sanctions program or any sanctions program of the European Union or any European Union Member State, including the United Kingdom or (ii) a non-U.S. shell
bank or providing banking services directly or indirectly to a non-U.S. shell bank. The Investor agrees to provide law enforcement agencies, if requested thereby, such records as required by applicable
law, provided, that the Investor is permitted to do so under applicable law. If the Investor is a financial institution subject to the Bank Secrecy Act (31 U.S.C. Section 5311 et seq.), as amended by the USA PATRIOT Act of 2001 (the
“PATRIOT Act”), and its implementing regulations (collectively, the “BSA/PATRIOT Act”), to the extent required, the Investor maintains policies and procedures reasonably designed to comply with applicable
obligations under the BSA/PATRIOT Act. To the extent required, Investor maintains policies and procedures reasonably designed to ensure compliance with sanctions and export control laws in each of the jurisdictions in which the Investor operates.
The Investor maintains policies and procedures reasonably designed to ensure that the funds held by the Investor and used to purchase the Shares were legally derived. 

  
 13 

	 	(p)	 The Investor will have sufficient funds to pay the Purchase Price pursuant to
Section 2 hereto at the Closing. The Investor acknowledges and agrees that its obligations hereunder are not in any way contingent or otherwise subject to: (i) the Investor consummating any financing arrangements or
obtaining any financing; or (ii) the availability of any financing to the Investor or any of its affiliates. 

  

	 	(q)	 No foreign person (as defined in 31 C.F.R. Part 800.224) in which the national or subnational governments of a
single foreign state have a substantial interest (as defined in 31 C.F.R. Part 800.244) will acquire a substantial interest in HoldCo as a result of the purchase and sale of Shares hereunder such that a declaration to the Committee on Foreign
Investment in the United States would be mandatory under 31 C.F.R. Part 800.401, and no foreign person will have control (as defined in 31 C.F.R. Part 800.208) over HoldCo from and after the Closing as a result of the purchase and sale of Shares
hereunder. 

  

	 	(r)	 As of the date hereof, the Investor does not have, and during the thirty (30) day period immediately prior
to the date hereof the Investor has not entered into, any “put equivalent position” as such term is defined in Rule 16a-1 under the Exchange Act or short sale positions with respect to the securities
of SPAC. Notwithstanding the foregoing, nothing in this Section 5(r) (i) shall apply to any entities under common management with the Investor (including the Investor’s controlled affiliates and/or affiliates) from entering into any
such transactions; and (ii) in the case of an Investor that is a multi-managed investment vehicle whereby separate portfolio managers manage separate portions of such Investor’s assets, the representations set forth above shall only apply
with respect to the portion of assets managed by the portfolio manager that made the investment decision to purchase the Shares covered by this Investment Agreement. 

 

	 	(s)	 Investor, together with its affiliates holding the Shares, are not currently (and at all times through Closing
will refrain from being or becoming) members of a “group” (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act) with any other person(s) acting for the purpose of acquiring, holding, voting or disposing
of equity securities of HoldCo or LiveWire (within the meaning of Rule 13d-5(b)(1) under the Exchange Act). 

  

	 	(t)	 No broker or finder is entitled to any brokerage or finder’s fee or commission solely in connection with
the sale of the Shares to Investor. 

  

	6.	 SURVIVAL. All of the representations and warranties contained in this Investment Agreement shall
survive the Closing until the expiration of any statute of limitations under applicable law. All of the covenants and agreements made by each party hereto in this Investment Agreement shall survive the Closing until the expiration of any statute of
limitations under applicable law. 

  
 14 

	7.	 REGISTRATION RIGHTS.  

 

	 	(a)	 In the event that the Shares are not registered in connection with the consummation of the closing of the
Business Combination, HoldCo agrees that HoldCo will use commercially reasonable efforts to submit or file with the SEC (at HoldCo’s sole cost and expense) a registration statement (including the prospectus included in such registration
statement, amendments (including post-effective amendments) and supplements to such registration statement, and all exhibits to and all material incorporated by reference in such registration statement, the “Registration Statement”)
registering the resale of the Shares, within thirty (30) calendar days after the Closing Date (the “Filing Deadline”), and HoldCo shall use its commercially reasonable efforts to have the Registration Statement declared
effective as soon as practicable after the filing thereof, but no later than the earlier of (i) the 60th calendar day after the filing thereof (or the 90th calendar day after the filing thereof if the SEC notifies HoldCo that it will “review” the Registration Statement) following the Closing Date and (ii) the fifth Business Day after the
date HoldCo is notified (orally or in writing, whichever is earlier) by the SEC that the Registration Statement will not be “reviewed” or will not be subject to further review (such earlier date, the “Effectiveness Date”);
provided, however, that HoldCo’s obligations to include the Shares in the Registration Statement are contingent upon the Investor furnishing in writing to HoldCo such information regarding the Investor, the securities of HoldCo held by
the Investor and the intended method of disposition of the Shares as shall be reasonably requested by HoldCo to effect the registration of the Shares, and shall execute such documents in connection with such registration as HoldCo may reasonably
request that are customary of a selling stockholder in similar situations, including providing that HoldCo shall be entitled to postpone and suspend the effectiveness or use of the Registration Statement as permitted hereunder. HoldCo will use its
commercially reasonable efforts to provide a draft of the Registration Statement to the Investor to review disclosure regarding the Investor at least two (2) Business Days prior to the filing thereof; and HoldCo will reasonably promptly notify the
Investor promptly upon the effectiveness of the Registration Statement. HoldCo will use its commercially reasonable efforts to maintain the continuous effectiveness of the Registration Statement, until the earliest of: (i) the date on which all
of the Shares may be resold without volume or manner of sale limitations pursuant to Rule 144 promulgated under the Securities Act (“Rule 144”) and without the requirement that HoldCo be in compliance with the current public
information requirements under Rule 144; (ii) the date on which all of the Shares have actually been sold; and (iii) the date which is three (3) years after the Closing. For purposes of clarification, any failure by HoldCo to file the
Registration Statement by the Filing Deadline or to effect such Registration Statement by the Effectiveness Date shall not otherwise relieve HoldCo of its obligations to file or obtain the effectiveness of the Registration Statement set forth in
this Section 7.  

  

	 	(b)	 In no event shall the Investor be identified as a statutory underwriter in the Registration Statement;
provided, that if the SEC requires that the Investor be identified as a statutory underwriter in the Registration Statement, the Investor will have the option, in its sole and absolute discretion, to either (i) have the opportunity to
withdraw from the Registration Statement upon its prompt written request to HoldCo or (ii) be included as such in the Registration Statement. Notwithstanding the foregoing, if the SEC prevents HoldCo from including any or all of the Shares
proposed to be registered under the Registration Statement due to limitations on the 

  
 15 

	 	
use of Rule 415 under the Securities Act for the resale of the Shares, HoldCo shall use its best efforts to ensure that the SEC determines that (1) the offering contemplated by the
Registration Statement is a bona fide secondary offering and not an offering “by or on behalf of the issuer” as defined in Rule 415 under the Securities Act and (2) the Investor is not a statutory underwriter. If HoldCo is
unsuccessful in the efforts described in the preceding sentence, then HoldCo shall cause such Registration Statement to register for resale such number of Shares which is equal to the maximum number of Shares as is permitted by the SEC; and as
promptly as practicable after being permitted to register additional Shares under Rule 415 under the Securities Act, HoldCo shall amend the Registration Statement or file a new Registration Statement (such amendment or new Registration Statement
shall also be deemed to be a “Registration Statement” hereunder) to register such additional Shares and cause such Registration Statement to become effective as promptly as practicable after the filing thereof. 

 

	 	(c)	 Notwithstanding anything to the contrary in this Investment Agreement, HoldCo shall be entitled to delay or
postpone the effectiveness of the Registration Statement, and from time to time to require the Investor not to sell under the Registration Statement or to suspend the effectiveness thereof, (i) if any information (e.g., compensation data) is
not readily available and the non-disclosure of which in the Registration Statement would be expected, in the reasonable determination of HoldCo’s Chief Executive Officer, Chief Financial Officer or
General Counsel, upon the advice of legal counsel, to cause the Registration Statement to fail to comply with applicable disclosure requirements, (ii) at any time HoldCo is required to file a post-effective amendment to the Registration
Statement and the SEC has not declared such amendment effective (if such declaration of effectiveness is required) or (iii) if the negotiation or consummation of a transaction by HoldCo or its subsidiaries is pending or an event has occurred,
which negotiation, consummation or event, HoldCo’s Chief Executive Officer, Chief Financial Officer or General Counsel reasonably believes, upon the advice of legal counsel, would require additional disclosure by HoldCo in the Registration
Statement of material information that HoldCo has a bona fide business purpose for keeping confidential and the non-disclosure of which in the Registration Statement would be expected, in the reasonable
determination of HoldCo’s Chief Executive Officer, Chief Financial Officer or General Counsel, upon the advice of legal counsel, to cause the Registration Statement to fail to comply with applicable disclosure requirements (each such
circumstance, a “Suspension Event”); provided, however, that HoldCo may not delay or suspend the Registration Statement on more than two (2) occasions or for more than ninety (90) consecutive calendar days, or more
than one hundred and twenty (120) total calendar days, in each case, during any twelve (12) month period. Upon receipt of any written notice from HoldCo of the happening of any Suspension Event (which notice shall not contain material non-public information) during the period that the Registration Statement is effective or if as a result of a Suspension Event the Registration Statement or related prospectus contains any untrue statement of a
material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein, in light of 

  
 16 

	 	
the circumstances under which they were made (in the case of the prospectus) not misleading, the Investor agrees that (A) it will immediately discontinue offers and sales of the Shares under
the Registration Statement (excluding, for the avoidance of doubt, sales conducted pursuant to Rule 144 but subject, for the avoidance of doubt, to compliance with Investor’s obligations under applicable securities laws) until the Investor
receives copies of a supplemental or amended prospectus (which HoldCo agrees to promptly prepare) that corrects the misstatement(s) or omission(s) referred to above and receives notice that any post-effective amendment has become effective or unless
otherwise notified by HoldCo that it may resume such offers and sales, and (B) it will maintain the confidentiality of any information included in such written notice delivered by HoldCo unless otherwise required by law. If so directed by
HoldCo, the Investor will deliver to HoldCo or, in the Investor’s sole discretion destroy, all copies of the prospectus covering the Shares in the Investor’s possession; provided, however, that this obligation to deliver or destroy
all copies of the prospectus covering the Shares shall not apply (x) to the extent the Investor is required to retain a copy of such to comply with applicable legal, regulatory, self-regulatory or professional requirements prospectus or in
accordance with a bona fide pre-existing document retention policy or (y) to copies stored electronically on archival servers as a result of automatic data back-up.

  

	 	(d)	 HoldCo shall indemnify and hold harmless the Investor (to the extent a seller under the Registration
Statement), its officers, directors, employees and agents, and each person who controls the Investor (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) to the fullest extent permitted by applicable
law, from and against any and all losses, claims, damages, liabilities, costs (including, without limitation, reasonable attorneys’ fees) and expenses (collectively, “Losses”), as incurred, that arise out of or are based upon
any untrue or alleged untrue statement of a material fact contained in the Registration Statement, any prospectus included in the Registration Statement or any form of prospectus or in any amendment or supplement thereto or in any preliminary
prospectus, or arising out of or relating to any omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein (in the case of any prospectus or form of prospectus or supplement
thereto, in light of the circumstances under which they were made) not misleading, except to the extent that such untrue statements or alleged untrue statements, omissions or alleged omissions are based upon information regarding the Investor
furnished in writing to HoldCo by the Investor expressly for use therein. 

  

	 	(e)	 The Investor shall indemnify and hold harmless HoldCo, its directors, officers, agents and employees,
and each person who controls HoldCo (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act), to the fullest extent permitted by applicable law, from and against all Losses, as incurred, that arise out of
or are based upon any untrue or alleged untrue statement of a material fact contained in any Registration Statement, any prospectus included in the Registration Statement, or any form of prospectus, or in any amendment or supplement thereto or in
any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated therein or 

  
 17 

	 	
necessary to make the statements therein (in the case of any prospectus, or any form of prospectus or supplement thereto, in light of the circumstances under which they were made) not misleading
to the extent, but only to the extent, that such untrue statements or omissions are based upon information regarding the Investor furnished in writing to HoldCo by the Investor expressly for use therein. In no event shall the liability of the
Investor be greater in amount than the dollar amount of the net proceeds received by the Investor upon the sale of the Shares giving rise to such indemnification obligation. The Investor shall notify HoldCo promptly of the institution, threat or
assertion of any Action arising from or in connection with the transactions contemplated by this Section 7 of which the Investor is aware. 

 

	 	(f)	 Any person or entity entitled to indemnification herein shall (i) give prompt written notice to the
indemnifying party of any claim with respect to which it seeks indemnification (provided that the failure to give prompt notice shall not impair any person’s or entity’s right to indemnification hereunder to the extent such failure has not
prejudiced the indemnifying party) and (ii) unless in such indemnified party’s reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim, permit such indemnifying
party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party. If such defense is assumed, the indemnifying party shall not be subject to any liability for any settlement made by the indemnified party
without its consent (but such consent shall not be unreasonably withheld, conditioned or delayed). An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim shall not be obligated to pay the fees and expenses of
more than one counsel for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment of legal counsel to any indemnified party a conflict of interest may exist between such indemnified party and
any other of such indemnified parties with respect to such claim. No indemnifying party shall, without the consent of the indemnified party, consent to the entry of any judgment or enter into any settlement which cannot be settled in all respects by
the payment of money (and such money is so paid by the indemnifying party pursuant to the terms of such settlement), which settlement shall not include a statement or admission of fault and culpability on the part of such indemnified party, and
which settlement shall include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation. 

 

	 	(g)	 The indemnification provided for under this Investment Agreement shall remain in full force and effect
regardless of any investigation made by or on behalf of the indemnified party or any officer, director, employee, agent or controlling person or entity of such indemnified party and shall survive the transfer of securities. 

 

	 	(h)	 If the indemnification provided under this Section 7 from the indemnifying party is
unavailable or insufficient to hold harmless an indemnified party in respect of any Losses, then the indemnifying party, in lieu of indemnifying the indemnified party, shall contribute to the amount paid or payable by the indemnified party as a
result of such Losses in such proportion as is appropriate to reflect the relative fault of the 

  
 18 

	 	
indemnifying party and the indemnified party, as well as any other relevant equitable considerations; provided, however, that the liability of the Investor shall be limited to the net
proceeds received by the Investor from the sale of Shares giving rise to such indemnification obligation. The relative fault of the indemnifying party and indemnified party shall be determined by reference to, among other things, whether any action
in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact, was made by (or not made by, in the case of an omission), or relates to information supplied by (or not
supplied by, in the case of an omission), such indemnifying party or indemnified party, and the indemnifying party’s and indemnified party’s relative intent, knowledge, access to information and opportunity to correct or prevent such
action. The amount paid or payable by a party as a result of the Losses shall be deemed to include, subject to the limitations set forth in this Section 7, any legal or other fees, charges or expenses reasonably incurred by
such party in connection with any investigation or proceeding. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution pursuant to this
Section 7(h) from any person or entity who was not guilty of such fraudulent misrepresentation. 

  

	 	(i)	 For purposes of this Section 7 of this Investment Agreement, (i) “Shares” shall mean, as
of any date of determination, the Shares (as defined in the recitals to this Investment Agreement) and any other equity security issued or issuable with respect to the Shares by way of share split, dividend, distribution, recapitalization, merger,
exchange, replacement or otherwise, and (ii) “Investor” shall include any affiliate of the Investor to which the Investor’s rights under this Investment Agreement shall have been duly assigned. 

 

	8.	 TERMINATION. This Investment Agreement shall terminate and be void and of no further force and
effect, and all rights and obligations of the parties hereunder shall terminate without any further liability on the part of any party in respect thereof, upon the earliest to occur of (a) such date and time as the Transaction Agreement is
terminated in accordance with its terms without being consummated (b) upon the mutual written agreement of each of the parties hereto to terminate this Investment Agreement, (c) 30 days after the Agreement End Date (as defined in the
Transaction Agreement as in effect on the date hereof), if the Closing has not occurred by such date other than as a result of a breach of Investor’s obligations hereunder, or (d) if any of the conditions to Closing set forth in
Section 2 of this Investment Agreement are (i) not satisfied or waived prior to the Closing or (ii) not capable of being satisfied on the Closing and, in each case of (i) and (ii), as a result thereof, the
transactions contemplated by this Investment Agreement will not be and are not consummated at the Closing (the termination events described in clauses (a)–(d) above, collectively, the “Termination Events”); provided,
that nothing herein will relieve any party from liability for any willful breach hereof prior to the time of termination, and each party will be entitled to any remedies at law or in equity to recover losses, liabilities or damages arising from any
such willful breach. HoldCo shall notify the Investor of the termination of the Transaction Agreement promptly after the termination of such agreement. Upon the occurrence of any Termination Event, the Investment Agreement shall be void and of no
further effect, and the Purchase Price paid by Investor to HoldCo (if any) in connection herewith shall promptly (and in any event within three (3) Business Days) be returned in full to Investor by wire transfer of U.S. dollars in
immediately available funds to the account specified by Investor, without any deduction for or on account of any tax withholding, charges or set-off. 

  
 19 

	9.	 TRUST ACCOUNT WAIVER. 

 

	 	(a)	 The Investor acknowledges that SPAC is a blank check company with the powers and privileges to effect the
Business Combination. The Investor further acknowledges that, as described in the final prospectus relating to SPAC’s initial public offering (the “IPO”) filed with the SEC on October 2, 2020 (the “Prospectus”), (i) as
of the date hereof, substantially all of SPAC’s assets consist of the cash proceeds of the IPO and private placements of its securities conducted prior to or in conjunction with the IPO, (ii) substantially all of those proceeds have been
deposited into a trust account (collectively, with interest accrued from time to time thereon, the “Trust Account”) for the benefit of SPAC, its public shareholders and certain other parties (including the underwriters of SPAC’s IPO),
and (iii) the funds held from time to time in the Trust Account may only be released upon certain conditions. The Investor agrees and acknowledges that, except as otherwise described in the Prospectus and released to SPAC to pay SPAC’s
income taxes, SPAC may not disburse monies from the Trust Account: (1) to SPAC, until the completion of SPAC’s business combination (as such term is used in the Prospectus), or (2) SPAC’s public shareholders, until the earliest
of (a) the completion of the Business Combination, and then only in connection with those shares that such public shareholder properly elected to redeem, subject to the limitations described in the Prospectus, (b) the redemption of any
public shares properly tendered in connection with a shareholder vote to amend SPAC’s amended and restated memorandum and articles of association (A) to modify the substance or timing of SPAC’s obligation to provide holders of
SPAC’s public shares the right to have their shares redeemed in connection with the Business Combination or to redeem 100% of SPAC’s public shares if SPAC does not complete SPAC’s Business Combination within 24 months from the closing
of the IPO or (B) with respect to any other provision relating to the rights of holders of SPAC’s public shares, and (c) the redemption of SPAC’s public shares if SPAC has not consummated its Business Combination within 24 months
from the closing of the IPO, subject to applicable law. To the extent the Investor, its shareholders or any of its affiliates commences any action or proceeding based upon, in connection with, relating to or arising out of any matter relating to
SPAC or SPAC’s Representatives, which proceeding seeks, in whole or in part, monetary relief against SPAC or SPAC’s Representatives, the Investor hereby acknowledges and agrees that the Investor’s, its shareholders’ and its
affiliates’ sole remedy shall be against funds held outside of the Trust Account and that such claim shall not permit the Investor, or its affiliates or shareholders (or any person claiming on any of their behalves or in lieu of any of them) to
have any right, title and interest, or any claim of any kind they have or may have in the future against the Trust Account (including any distributions therefrom) or any amounts contained therein. 

  
 20 

	10.	 SECURITIES LAW MATTERS. 

 

	 	(a)	 It is understood that, except as provided below, book entry accounts evidencing the Shares must bear the
following legends: 

 THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. THE HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES FOR THE BENEFIT OF THE ISSUER THAT THESE SECURITIES MAY BE OFFERED, SOLD, OR OTHERWISE TRANSFERRED
ONLY (I) TO THE ISSUER OR A SUBSIDIARY THEREOF, (II) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, (III) OUTSIDE THE UNITED STATES PURSUANT TO REGULATION S UNDER THE SECURITIES ACT OR (IV) IN A
TRANSACTION THAT IS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, AND IN EACH CASE IN COMPLIANCE WITH APPLICABLE STATE SECURITIES LAWS AND THE APPLICABLE LAWS OF ANY OTHER JURISDICTION.  

 

	 	(b)	 Notwithstanding the foregoing, HoldCo shall use its commercially reasonable efforts, to provide the Investor
with a like number of shares not bearing such legend upon the request of the Investor (or, at HoldCo’s option, have such legend removed from the Shares) at such time as such restrictions are no longer applicable; provided, that the
Investor provides any materials related thereto requested by HoldCo. 

  

	 	(c)	 As long as the Investor shall own any of the Shares and such Shares shall not be included in the Registration
Statement, and such Shares are “restricted securities” (as defined in Rule 144), HoldCo covenants to use its commercially reasonable efforts to make and keep public information available (as those terms are understood and defined in
Rule 144) and file timely (or obtain extensions in respect thereof and file within the applicable grace period) all reports required to be filed by HoldCo after the Closing pursuant to Sections 13(a) or 15(d) of the Exchange Act and to promptly
furnish the Investor with true and complete copies of all such filings to enable the Investor to resell the Shares pursuant to Rule 144; provided, that any documents publicly filed or furnished with the SEC pursuant to the SEC’s
Electronic Data Gathering, Analysis and Retrieval System shall be deemed to have been furnished or delivered to the Investor pursuant to this Section 10(c). 

 

	11.	 MISCELLANEOUS. 

 

	 	(a)	 Press Releases and Other Public Communications. All press releases or other public communications
relating to the transactions contemplated hereby between HoldCo and the Investor, and the method of the release for publication thereof, shall prior to the Closing be subject to the prior approval of (i) HoldCo, and (ii) to the extent such
public communication references the Investor, the Investor; provided, that neither HoldCo nor the Investor shall be required to obtain consent pursuant to this 

  
 21 

	 	
Section 11(a) to the extent any proposed release or statement is substantially equivalent to the information that has previously been made public without breach of the obligation under
this Section 11(a). The restriction in this Section 11(a) shall not apply to the extent the public announcement is required by applicable securities law, any governmental authority or stock
exchange rule; provided, however, that in such an event, the applicable party shall use its commercially reasonable efforts to consult with the other party in advance as to its form, content and timing. In addition, this Section 11(a)
shall not apply to any press release or other public communication that relates to the Contemplated Cooperation or is permitted pursuant to the Commercial agreement, all of which shall be governed solely by the terms of the Commercial Agreement.

  

	 	(b)	 Cleansing Disclosure; Investor-Related Disclosure. 

 

	 	(i)	 SPAC shall, by 9:00 a.m., New York City time, on the first (1st) Business Day immediately following the date of
this Investment Agreement (the “Disclosure Time”), issue one or more press releases or file with the SEC a Current Report on Form 8-K (collectively, the “Disclosure Document”)
disclosing all material terms of the transactions contemplated by this Investment Agreement and by each of the Transaction Agreement, the Separation Agreement, the PIPE Subscription Agreements and the Commercial Agreement. From and after the
Disclosure Time, SPAC represents to the Investor that it shall have publicly disclosed all material, non-public information delivered to the Investor by SPAC or any of its officers, directors, employees or
agents, in connection with the transactions contemplated by this Investment Agreement and by each of the Transaction Agreement, the Separation Agreement, the PIPE Subscription Agreements and the Commercial Agreement; and from and after the earlier
of the Disclosure Time and the issuance or filing of the Disclosure Document, Investor shall no longer be subject to any confidentiality or similar obligations under any current agreement, whether written or oral, with SPAC or any of its respective
officers, directors, employees, agent or affiliates with respect to the transactions contemplated by this Investment Agreement and by each of the Transaction Agreement, the Separation Agreement, the PIPE Subscription Agreements and the Commercial
Agreement. 

  

	 	(ii)	 The Investor hereby consents to the publication and disclosure in any press release issued by HoldCo, SPAC or
HD, any Form 8-K filed by HoldCo, SPAC or HD with the SEC in connection with the execution and delivery of the Transaction Agreement or the transactions contemplated thereby and the Registration Statement (as
defined in the Transaction Agreement) (and, as and to the extent otherwise required by the federal securities laws, exchange rules, the SEC or any other securities authorities or any rules and regulations promulgated thereby, any other documents or
communications provided by HoldCo, SPAC or HD to any governmental entity or to any securityholders of HoldCo, SPAC or HD) of the Investor’s identity and 

  
 22 

	 	
beneficial ownership of the Shares and the nature of the Investor’s commitments, arrangements and understandings under and relating to this Investment Agreement (“Investor-Related
Disclosure”) and, if deemed appropriate by HoldCo, HD or SPAC, a copy of this Investment Agreement, all solely to the extent required by applicable law or any regulation or stock exchange listing requirement. HoldCo, SPAC and LiveWire shall
use commercially reasonable efforts to afford the Investor and its counsel an opportunity to review any proposed Investor-Related Disclosure reasonably prior to its public disclosure and will consider in good faith any reasonable comments the
Investor may make on such proposed Investor-Related Disclosure (it being understood and agreed that in no event shall such Investor-Related Disclosure exceed the scope or substance of information disclosed by HoldCo with respect to HD). The Investor
will promptly provide any information reasonably requested by HoldCo, HD or SPAC for any regulatory application or filing made or approval sought in connection with the Business Combination (including filings with the SEC) to the extent readily
available and to the extent consistent with its internal policies and procedures. 

  

	 	(c)	 Notices. All notices and other communications among the parties shall be in writing and shall be deemed
to have been duly given (i) when delivered in person, (ii) when delivered after posting in the United States mail having been sent registered or certified mail return receipt requested, postage prepaid, (iii) when delivered by FedEx
or other nationally recognized overnight delivery service, or (iv) when delivered by email (in each case in this clause (iv), solely if receipt is confirmed, but excluding any automated reply, such as an out-of-office notification), addressed as follows: 

  

	 	(i)	 If to SPAC or HoldCo: 

AEA-Bridges Impact Corp. 

PO Box 1093, Boundary Hall, Cricket Square 

Grand Cayman, KY-1102, Cayman Islands 

Attention: Co-Chief Executive Officers 

with copies to (which shall not constitute notice): 

Kirkland & Ellis LLP 

601 Lexington Avenue 
 New York,
New York 10022 
 Attention: Christian O. Nagler 

Email:       christian.nagler@kirkland.com 

Latham & Watkins LLP 

811 Main St. 
 Houston, TX 77002

 Attention:    Ryan J. Maierson 

Jason Morelli 

Email:          ryan.maierson@lw.com 

jason.morelli@lw.com 

  
 23 

	 	(ii)	 If to the Investor, to 

[ ● ] 
 with
copies to (which shall not constitute notice): 
 [ ● ] 

 

	 	(d)	 Successors and Assigns. No party hereto shall transfer or assign this Investment Agreement or any part
hereof without the prior written consent of each of the other parties and any such assignment without such prior written consent shall be void. Subject to the foregoing, this Investment Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective permitted successors and assigns. 

  

	 	(e)	 Further Assurances. Each party hereto shall (i) execute and deliver such additional documents and
use reasonable best efforts to take such additional actions as the parties reasonably may deem to be practical and necessary and (ii) use reasonable best efforts to obtain all material consents and approvals of third parties (including
Governmental Authorities) that such party is required to obtain, in each case, in order to consummate the investment as contemplated by this Investment Agreement (including such consents and approvals as may be required to give effect to
HoldCo’s obligations under Section 7 hereof). Without limiting the foregoing, HoldCo may request from the Investor such additional information as HoldCo may deem necessary to obtain any material consents and approvals of third parties
(including Governmental Authorities), and the Investor shall provide such information as may reasonably be requested. The Investor acknowledges and agrees that if it does not provide HoldCo with such requested information, HoldCo may not be able to
register the Investor’s Shares for resale pursuant to Section 7 hereof. 

  

	 	(f)	 Entire Agreement. This Investment Agreement (including the schedule and any exhibits hereto) constitutes
the entire agreement, and supersedes all other prior agreements, understandings, representations and warranties, both written and oral, among the parties, with respect to the subject matter hereof. Except as otherwise set forth herein, this
Investment Agreement shall not confer any rights or remedies upon any person other than the parties hereto, and their respective successors and assigns. 

  
 24 

	 	(g)	 Invalidity. If any provision of this Investment Agreement is held invalid or unenforceable by any court
of competent jurisdiction, the other provisions of this Investment Agreement shall remain in full force and effect. The parties further agree that if any provision contained herein is, to any extent, held invalid, illegal or unenforceable in any
respect under the laws governing this Investment Agreement, they shall take any actions reasonably necessary to render the remaining provisions of this Investment Agreement valid and enforceable to the fullest extent permitted by law and, to the
extent reasonably necessary, shall amend or otherwise modify this Investment Agreement to replace any provision contained herein that is held invalid or unenforceable with a valid and enforceable provision giving effect to the intent of the parties.

  

	 	(h)	 Headings; Counterparts. The headings in this Investment Agreement are for convenience only and shall not
be considered a part of or affect the construction or interpretation of any provision of this Investment Agreement. This Investment Agreement may be executed in one or more counterparts (including by electronic mail or other electronic submission,
including .pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) and by different parties in separate counterparts, with the same effect as if all parties hereto had signed the same document. All
counterparts so executed and delivered shall be construed together and shall constitute one and the same agreement. 

  

	 	(i)	 Governing Law. This Investment Agreement, and all claims or causes of action based upon, arising out of,
or related to this Investment Agreement or the transactions contemplated hereby, shall be governed by, and construed in accordance with, the laws of the State of Delaware, without giving effect to principles or rules of conflict of laws to the
extent such principles or rules would require or permit the application of laws of another jurisdiction. 

  

	 	(j)	 Consent to Jurisdiction. Any proceeding or Action based upon, arising out of or related to this
Investment Agreement or the transactions contemplated hereby must be brought in the Court of Chancery of the State of Delaware (or, to the extent such Court does not have subject matter jurisdiction, the Superior Court of the State of Delaware), or,
if it has or can acquire jurisdiction, in the United States District Court for the District of Delaware, and each of the parties irrevocably submits to the exclusive jurisdiction of each such
court in any such proceeding or Action, waives any objection it may now or hereafter have to personal jurisdiction, venue or to convenience of forum, agrees that all claims in respect of the proceeding or Action shall be heard and determined only in
any such court, and agrees not to bring any proceeding or Action arising out of or relating to this Investment Agreement or the transactions contemplated hereby in any other court. Nothing herein contained shall be deemed to affect the right of any
party to serve process in any manner permitted by law or to commence legal proceedings or otherwise proceed against any other party in any other jurisdiction, in each case, to enforce judgments obtained in any Action, suit or proceeding brought
pursuant to this Section 11(j). Each party acknowledges and agrees that any controversy which may arise under this Investment Agreement and the transactions contemplated hereby is likely to

  
 25 

	 	
involve complicated and difficult issues, and therefore each such party hereby irrevocably, unconditionally and voluntarily waives any right such party may have to a trial by jury in respect of
any Action, suit or proceeding directly or indirectly arising out of or relating to this Investment Agreement or any of the transactions contemplated hereby. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A
JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS INVESTMENT AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY. 

 

	 	(k)	 Remedies. Each party hereto agrees that irreparable damage would occur in the event that any of the
provisions of this Investment Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that each party hereto shall be entitled to an injunction or injunctions to prevent breaches of
this Investment Agreement and to specific enforcement of the terms and provisions of this Investment Agreement, in addition to any other remedy to which it is entitled at law, in equity, in contract, in tort or otherwise. In the event that any
Action shall be brought in equity to enforce the provisions of this Investment Agreement, the defending party shall not allege, and such party hereby waives the defense, that there is an adequate remedy at law, and such party agrees to waive any
requirement for the securing or posting of any bond in connection therewith. 

  

	 	(l)	 Expenses. Each party hereto shall be responsible for and pay its own expenses incurred in connection
with this Investment Agreement, including all fees of its legal counsel, financial advisers and accountants. 

  

	 	(m)	 Third-Party Beneficiaries. The parties hereto agree that HD and SPAC are express third-party
beneficiaries of, and may enforce HoldCo’s and their rights with respect to, this Investment Agreement. 

  

	 	(n)	 Independent Rights and Obligations. For the avoidance of doubt, all obligations of the Investor
hereunder are separate and several from the obligations of any PIPE Investor. Nothing contained herein or in any PIPE Subscription Agreement, and no action taken by the Investor or any PIPE Investors pursuant hereto or thereto, shall be deemed to
constitute the Investor and any PIPE Investor(s) as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Investor and any PIPE Investor(s) are in any way acting in concert or as a group with
respect to such obligations or the transactions contemplated by this Investment Agreement and the PIPE Subscription Agreements. The Investor shall be entitled to independently protect and enforce its rights, including without limitation the rights
arising out of this Investment Agreement, and it shall not be necessary for any PIPE Investor to be joined as an additional party in any proceeding for such purpose. 

  
 26 

	12.	 NO HEDGING. The Investor agrees that, from the date hereof until the Closing Date or the earlier
termination of this Investment Agreement, none of the Investor or any person or entity acting on behalf of the Investor or pursuant to any understanding with the Investor will engage in any hedging or other transactions or arrangements (including,
without limitation, any short sale or the purchase or sale of, or entry into, any put or call option, or combination thereof, forward, swap or any other derivative transaction or similar instrument, including without limitation equity repurchase
agreements and securities lending arrangements, however described or defined) designed or intended, or which could reasonably be expected to lead to or result in, a sale, loan, pledge or other disposition or transfer (whether by the Investor or any
other person), in each case, solely to the extent it has the same economic effect as a “short sale” (as defined in Rule 200 promulgated under Regulation SHO under the Exchange Act), of any economic consequences of ownership (excluding, for
the avoidance of doubt, any consequences resulting solely from foreign exchange fluctuations), in whole or in part, directly or indirectly, physically or synthetically, of any Shares or any securities of SPAC prior to the Closing, whether any such
transaction or arrangement (or instrument provided for thereunder) would be settled by delivery of securities of SPAC, in cash or otherwise, or to publicly disclose the intention to undertake any of the foregoing; provided, however, that the
provisions of this Section 12 shall not apply to long sales (including sales of securities held by the Investor, its controlled affiliates or any person or entity acting on behalf of the Investor or any of its controlled
affiliates prior to the date hereof and securities purchased by the Investor in the open market after the date hereof) other than those effectuated through derivative transactions and similar instruments. Notwithstanding the foregoing, nothing in
this Section 12 (i) shall prohibit any entities under common management with the Investor that have no knowledge (constructive or otherwise) of this Investment Agreement or of Investor’s participation in the
transactions contemplated hereby from entering into any of the transactions set forth in the first sentence of this Section 12; and (ii) in the case of an Investor that is a multi-managed investment vehicle whereby
separate portfolio managers or desks manage separate portions of such Investor’s assets and the portfolio managers have no knowledge of the investment decisions made by the portfolio managers managing other portions of such Investor’s
assets, this Section 12 shall only apply with respect to the portion of assets managed by the portfolio manager that made the investment decision to purchase the Shares covered by this Investment Agreement.

  

	13.	 NON-RELIANCE. The Investor acknowledges that it is not
relying upon, and has not relied upon, any statement, representation or warranty made by any person, firm or corporation, other than the SEC Reports and the statements, representations and warranties explicitly contained in this Investment
Agreement, in making its decision to purchase the Shares hereunder. 

  

	14.	 EQUAL TREATMENT. In the event that HoldCo, SPAC or LiveWire, on or prior to the closing date of the
Business Combination, shall enter into with any Comparable Investor (as defined below) any agreement (including any side letter or similar letter or any amendment, modification or waiver of the terms of any existing agreement) that has the effect of
establishing rights or terms in favor of or otherwise benefiting such Comparable Investor with respect to the subscription for, or purchase of, newly issued equity securities of HoldCo (including by reducing liabilities or obligations of such
Comparable Investor or by resulting in an effective lower Per-Share Price than that paid by the Investor hereunder (including through the issuance or grant of warrants or options)) that are more favorable in

  
 27 

	 	
any material respect than such rights or terms established in favor of the Investor hereunder (“Additional Rights”), the Investor, SPAC and HoldCo shall promptly amend and
restate this Agreement to provide Investor with such Additional Rights. A “Comparable Investor” means any person investing in or subscribing for any newly issued securities of HoldCo in connection with the closing of the Business
Combination for an aggregate amount of consideration that is equal to or less than the Purchase Price payable by the Investor hereunder. For the avoidance of doubt, in no event shall HD or AEA-Bridges Impact
Sponsor LLC or any of their respective affiliates be deemed to be a Comparable Investor for any purpose hereunder. 

  

	15.	 NON-RECOURSE. This Investment Agreement may only be
enforced against, and any claim or cause of action based upon, arising out of, or related to any breach of any term or condition of this Investment Agreement may only be brought against, the entities that are expressly named as parties hereto and
then only to the extent of the specific obligations set forth herein with respect to such party. 

 [SIGNATURE PAGES
FOLLOW] 

  
 28 

 IN WITNESS WHEREOF, the parties have executed this Investment Agreement on the day and year
first above written. 
  

			
	AEA-BRIDGES IMPACT CORP.
		
	By:	 	  

		 	Name:
		 	Title:

  
 [Signature Page to
Investment Agreement] 

 
			
	LW EV HOLDINGS, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 [Signature Page to
Investment Agreement] 

 
			
	Investor:
	
	[ ● ]
		
	By:	 	  

		 	Name:
		 	Title:

  
 [Signature Page to
Investment Agreement] 

 SCHEDULE A 

ELIGIBILITY REPRESENTATIONS OF THE INVESTOR 

This Schedule must be completed by Investor and forms a part of the Investment Agreement to which it is attached. Capitalized terms used and not otherwise
defined in this Schedule have the meanings given to them in the Investment Agreement. The Investor must check the applicable box in either Part A or Part B below. 
  

	A.	 QUALIFIED INSTITUTIONAL BUYER STATUS 

(Please check the applicable subparagraphs): 

☐ We are a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act (a “QIB”)).

 ** OR ** 
  

	B.	 INSTITUTIONAL ACCREDITED INVESTOR STATUS 

(Please check the applicable subparagraphs): 
  

	 	1.	 ☐ We are an “accredited investor” (within the meaning of Rule 501(a) under the Securities Act
or an entity in which all of the equity holders are accredited investors within the meaning of Rule 501(a) under the Securities Act), and have marked and initialed the appropriate box below indicating the provision under which we
qualify as an “accredited investor.” 

  

	 	2.	 ☐ We are not a natural person. 

Rule 501(a) under the Securities Act, in relevant part, states that an “accredited investor” shall mean any person who comes within any of the below
listed categories, or who the issuer reasonably believes comes within any of the below listed categories, at the time of the sale of the securities to that person. The Investor has indicated, by marking and initialing the appropriate box below, the
provision(s) below which apply to the Investor and under which the Investor accordingly qualifies as an “accredited investor.” 

☐ Any bank, registered broker or dealer, insurance company, registered investment company, business development company, or small
business investment company; 
 ☐ Any plan established and maintained by a state, its political subdivisions, or any agency or
instrumentality of a state or its political subdivisions for the benefit of its employees, if such plan has total assets in excess of $5,000,000; 

☐ Any employee benefit plan, within the meaning of the Employee Retirement Income Security Act of 1974, if a bank, insurance
company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5,000,000; 

 ☐ Any organization described in Section 501(c)(3) of the Internal Revenue
Code, corporation, similar business trust, or partnership, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000; 

☐ Any director, executive officer, or general partner of the issuer of the securities being offered or sold, or any director,
executive officer, or general partner of a general partner of that issuer; 
 ☐ Any natural person whose individual net worth, or
joint net worth with that person’s spouse, exceeds $1,000,000. For purposes of calculating a natural person’s net worth: (a) the person’s primary residence shall not be included as an asset; (b) indebtedness that is secured
by the person’s primary residence, up to the estimated fair market value of the primary residence at the time of the sale of securities, shall not be included as a liability (except that if the amount of such indebtedness outstanding at the
time of sale of securities exceeds the amount outstanding sixty (60) days before such time, other than as a result of the acquisition of the primary residence, the amount of such excess shall be included as a liability); and
(c) indebtedness that is secured by the person’s primary residence in excess of the estimated fair market value of the primary residence at the time of the sale of securities shall be included as a liability; 

☐ Any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with
that person’s spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year; 

☐ Any natural person holding in good standing one or more professional certifications or designations or credentials from an
accredited educational institution that the SEC has designated as qualifying an individual for accredited investor status, such as a General Securities Representative license (Series 7), a Private Securities Offerings Representative license (Series
82) and an Investment Adviser Representative license (Series 65); 
 ☐ Any trust with assets in excess of $5,000,000, not formed
to acquire the securities offered, whose purchase is directed by a sophisticated person; or 
 ☐ Any entity in which all of the
equity owners are accredited investors meeting one or more of the above tests. 
 This page should be completed by the Investor

 and constitutes a part of the Investment Agreement.

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