Document:

EX-4.4

 Exhibit 4.4 

The below General Terms and Conditions are, in all essential respects, a translation of the Swedish version of the “General Terms and Conditions for
Swedish Depository Receipts representing common shares in Autoliv, Inc., kept in safe custody with Skandinaviska Enskilda Banken AB (publ) (Sw: Allmänna viIlkor för svenska depåbevis avseende stamaktier i Autoliv. Inc., deponerade
hos Skandinaviska Enskilda Banken AB (publ))”. In the event of any difference between this translation and the Swedish original version, the Swedish original version shall govern. 

GENERAL TERMS AND CONDITIONS 

FOR 
 SWEDISH DEPOSITORY
RECEIPTS IN AUTOLIV, INC. 
 representing common shares in Autoliv, Inc. 

kept in safe custody with Skandinaviska Enskilda Banken AB (publ) 

Effective as from March 23, 2016 
 Autoliv,
Inc. (the Company) has requested Skandinaviska Enskilda Banken AB (publ) (SEB) and SEB has agreed (i) to hold in safe custody common shares in the Company (the Shares) on behalf of holders of Shares and (ii) to issue Swedish Depository
Receipts representing the Shares (the SDRs) to shareholders in accordance with these General Terms and Conditions (these “General Terms and Conditions”), in order to enable listing and trading of the Shares on the NASDAQ Stockholm AB in
Sweden. 
  

	1.	Safe custody, registration etc 

 1.1 The Shares, represented by share certificates or by a book-entry
registration, are deposited on behalf of holders of SDRs in safe custody with a bank conducting business in the U.S. designated by SEB (the Sub-Custodian). 

1.2 For the safe custody these General Terms and Conditions will apply. Further to these General Terms and Conditions, certain rules and regulations may apply
as to the share holding in the Company. Such rules and regulations will upon request be provided by SEB to holders of SDRs, either directly or through their nominee (the Holders). 

1.3 The rights of a Holder against SEB as depository according to these General Terms and Conditions relating to the Shares kept in safe custody are
registered in the form of SDRs (svenska depåbevis) in the book-entry system administered by Euroclear Sweden AB (Euroclear) in accordance with the Swedish Financial Instruments Accounts Act (lagen (1998:1479) om kontoföring av
finansiella instrument) on the accounts (VPC Accounts) designated by the Holders (the SDR Register). No certificates representing the SDRs will be issued. 
  

	2.	Transfer restrictions 

 2.1 SEB and the Sub-Custodian may refuse to accept Shares for deposit under
these General Terms and Conditions whenever notified that the Company has restricted transfer of such Shares to comply with any ownership or transfer restrictions under Swedish, U.S. or any other applicable law. 

 

	3.	Deposit, withdrawal and delivery of Shares 

 3.1 Upon payment of all taxes and governmental charges
payable in connection with a deposit of Shares, Shares may be deposited under these General Terms and Conditions by delivery to SEB or the Sub-Custodian together with appropriate instructions to SEB as to the name, address and VPC Account number
which the SDRs are to be registered as well as any other information and documentation required under Swedish, U.S. or any other applicable law. 
 3.2 Upon
payment of all taxes and governmental charges payable in connection with a withdrawal of Shares, Shares may be withdrawn from the safe custody only if such withdrawal is not prohibited under Swedish, U.S. or any other applicable law or by a decision
of a governmental authority. Shares will be delivered to a custody account designated by the Holder or as agreed between the Holder and SEB provided the corresponding SDRs have been surrendered to and cancelled by SEB in the SDR Register. 

  
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 3.3 SEB is entitled to compensation from a Holder for all fees and costs in connection with deposit, withdrawal
and delivery of Shares pursuant to this Section 3, in accordance with the price list applied by SEB from time to time. 
 3.4 Registrations in the SDR
Register resulting from deposits or withdrawals of Shares may be temporarily suspended or withheld, during any period when the transfer books of Euroclear or the Company are closed, or if any such action is deemed in good faith to be necessary or
advisable by the Company or SEB at any time. 
  

	4.	Transfer and pledge of Shares, etc. 

 4.1 The Shares can only, as long as they are in safe custody, be
transferred or pledged by a transfer or pledge of the SDRs through registration in the SDR Register by a competent account operating institute (kontoförande institut) or, in the case of SDRs registered in the name of a nominee, through
notification to the nominee. In order to be accepted by the Company such transfer or pledge may not be in violation of rules or regulations regarding restrictions on transferability that may arise pursuant to the General Corporation Law of the state
of Delaware, USA, the Company’s certificate of incorporation or by-laws or U.S. federal law. 
 4.2 As regards transfers or pledges of SDRs the person
considered to be the rightful Holder/pledgee as a result of a transfer or pledge is subject to these General Terms and Conditions and the rules and regulations applicable to financial instruments registered with Euroclear according to Chapter 5 in
the Swedish Companies Act (Aktiebolagslagen (2005:551) and the Swedish Financial Instruments Accounts Act (1998:1479). 
 4.3 The registrations in the
SDR Register to reflect the transfer of SDRs in particular instances may be refused, or the registration of transfer generally may be suspended, during any period when the transfer books of Euroclear or the Company are closed or if any such action
is deemed in good faith to be necessary or advisable by the Company or SEB at any time. 
 4.4 A notice according to the Swedish Financial Instruments
Accounts Act to a competent account operating institute or, if the SDRs are nominee registered, to the nominee, must always be made in connection with changes of ownership as well as changes of registered information of a Holder, i.e. name, address,
etc. A failure to give a notice of transferred ownership may result in the acquirer losing the right against the Company, SEB and Euroclear to receive dividends or any other rights in connection with the SDRs. 

 

	5.	Record date 

 5.1 SEB shall in consultation with the Company fix a date for the determination of the
Holders entitled to dividends in cash, shares, rights, or any other property or the proceeds thereof (if the property is sold by SEB in accordance with these General Terms and Conditions), receiving information etc. to participate in and vote at a
shareholders’ meeting or otherwise exercise any rights whatsoever that may be exercised by the shareholders of the Company (the Record Date). It is the intention of the Company and SEB that the Record Date for such dividends or other rights
shall, when practically possible, be the same date as the record date for the Shares. 
  

	6.	Payments of cash dividend, withholding taxes, etc. 

 6.1 Payment of dividends to the Holders shall be
made in Swedish kronor (SEK). 
 6.2 SEB shall in consultation with the Company fix the date for payment of each dividend to Holders (the Payment Date). It
is the intention of SEB and the Company that the Payment Date shall, when practically possible, be the same date as the payment date for the Shares. 

  
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 6.3 Prior to payment of any dividend according to these General Terms and Conditions, SEB shall convert the funds
received in a foreign currency into SEK in accordance with the exchange rates applied by SEB from time to time. Such conversion shall take place not more than five nor less than three business days prior to the Payment Date by SEB entering into
futures contracts with delivery on the Payment Date. The final conversion rate will be an average of the rates achieved in each such futures contract. 

6.4 The person registered in the SDR Register on the Record Date as the Holder/holder of rights to dividends relating to the SDRs shall be considered to be
authorized to receive dividends. Payments of dividends will be effected in SEK by Euroclear on the Payment Date. Dividend amounts for each SDR will be payable in SEK rounded down to one hundredth of one SEK. Any balance not so distributed shall be
repaid to the Company. 
 6.5 If the person receiving dividends should not be an authorized recipient then the Company, SEB and Euroclear shall be
considered to have fulfilled their respective obligations unless in the case of SEB or Euroclear either was aware that the payment of dividends was made to an unauthorized person or that, considering the specific circumstances, they have neglected
what reasonably should have been regarded and the payment is not binding for the right recipient because such person was under age or had a Legal guardian according to the Code on Parents and Children (Föräldrabalken) and the right to
receive dividends was in the authority of the legal guardian. 
 6.6 Euroclear shall pay dividends to the Holders/holders of rights to dividends relating to
the SDRs in accordance with the rules and regulations applied by Euroclear from time to time. Under the present rules and regulations of Euroclear, dividends normally are paid to cash accounts linked to the VPC Accounts on which the SDRs are
registered. 
 6.7 The dividend payments to the Holders shall be made without deduction of any costs, charges, or fees, neither from the Company, SEB, the
Sub-Custodian nor Euroclear, except for the withholding tax levied in the U.S. and Sweden, on dividend payments or any other tax to be imposed by tax authorities in the U.S. or Sweden. 

6.8 In connection with distribution to Holders, the Company, SEB, the Sub-Custodian or Euroclear or any of their respective agents will remit to the
appropriate governmental authority or agency all amounts (if any) required to be withheld by the Company, SEB, the Sub-Custodian or Euroclear or any of their respective agents and owing such authority or agency. In the event the Company, SEB, the
Sub-Custodian or Euroclear or any of their respective agents determines that any distribution in cash, shares, rights or any other property is subject to any tax or governmental charges which it is obligated to withhold, it may use that cash, or
sell all or a portion of such property as is necessary and economically and practicably feasible to pay such taxes or governmental charges, and SEB shall distribute the net proceeds of any sale or the balance of any such property or cash after
deduction of such taxes or governmental charges to the Holders entitled thereto. The Holder will remain liable for any deficiency. 
 6.9 SEB shall use its
best efforts to provide the Holders with such information as it may possess and as the Holders may reasonably request to enable such Holder or its agent to claim any benefit provided under the taxation treaty between U.S. and Sweden. 

 

	7.	Bonus issues, split-ups and combinations of shares 

 7.1 SEB shall accept delivery of Shares as a result
of bonus issues and effect split-ups or combinations of Shares as promptly as possible. Registrations in the Holders’ respective VPC Accounts reflecting such bonus issue, split-up or combination shall be effected by Euroclear as soon as
practically possible after the Record Dare without any further information to be given to the Holders by SEB. 
 7.2 The person registered in the SDR
Register on the Record Dare as Holder/holder of rights relating to bonus issues shall be considered to be authorized to receive any Shares as a result of bonus issues or participate in any split-ups or combinations of SDRs. 

7.3 Should the person receiving bonus shares or participating in split-ups or combinations of SDRs not be authorized to receive SDRs or to participate in such
measures, the same principles shall apply as mentioned in Section 6.5 above. 

  
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 7.4 Any taxes levied will be handled in accordance with Sections 6.7 and 6.8 above. 

 

	8.	New Issues, Issues of debentures, other rights, etc. 

 8.1 SEB will provide the Holders with information
in regard to new issues, issues debentures or other rights, in which the Holders have a right to subscribe for new shares and debentures, as well as other corporate action directed to the shareholders by the Company in accordance with
Section 18.1 below. 
 8.2 When it is not practically and economically feasible to distribute any such rights etc. as decided in Section 8.1
above, SEB shall have the right to sell such rights etc. on behalf of the Holders and to distribute the proceeds of such sale to the Holders after deduction of any taxes levied in accordance with Sections 6.7 and 6.8 above. 

 

	9.	Optional dividends and other optional corporate action 

 9.1 If, in the opinion of SEB, it is not
practically possible for the Holders to have an option to choose between dividends in the form of cash or in any other form, SEB shall on behalf of the Holders be entitled to decide that such dividends shall be paid in cash. 

 

	10.	Fractional shares 

 10.1 If the Holders for each SDR are entitled to receive fractional shares as a
result of “stock dividends”, bonus issues or any other corporate action by the Company, such fractional shares will be sold by SEB and the proceeds of such sale will be distributed to the Holders. 

10.2 SEB will not accept deposit of fractional shares or an uneven number of fractional rights. 

 

	11.	Attending and voting at a general meeting of shareholders 

 11.1 SEB shall, as soon as possible after
receipt of information of any general meeting of shareholders of the Company, cause the Holders of record in the SDR Register on the Record Date, set in accordance with Section 5.1 above, to be furnished with information regarding such general
meeting of shareholders. The information shall comprise: (a) the time and location of the general meeting of shareholders and the matters intended to be considered by the meeting, (b) reference to instructions available through the
Company’s website as to the actions that must be taken by each Holder to be able to exercise its voting rights at the general meeting, and (c) reference to materials for the general meeting available through the Company’s website. The
information as set out in (a) through (c) above will be prepared in Swedish as well as in English (with the former version being distributed to Holders with a registered address in Sweden and the latter version being distributed to Holders
with a registered address outside Sweden). Other information and general meeting materials will be prepared in English. The Company shall, upon request from a Holder, send to such Holder the materials for the general meeting of shareholders provided
through the Company’s website. 
 11.2 According to the current certificate of incorporation and by-laws of the Company notice of meetings of
shareholders shall be given by the Company not later than 10 nor more than 60 days before any meeting. The Record Date shall be not less than 10 days before the date of any meeting. 

 

	12.	Company reports and other information 

 12.1 SEB shall cause reports and other information, received by
SEB from the Company for distribution to the Holders, to be furnished, in accordance with Section 18.1 below, to all Holders or others being entitled to such information according to the SDR Register. As a general rule, the information shall be
prepared in English unless the Company deems, in each individual case, a translation of a document into Swedish to be appropriate with regard to the contents or the purpose of the document. The English version shall prevail. 

  
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 12.2 The Company shall cause the Company ́s annual report prepared in English to be available through the
Company’s website. The Company shall, upon request from a Holder, send the Company’s annual report to such Holder. 
 12.3 Information from the
Company is available through the Company’s website, www.autoliv.com. 
  

	13.	Listing 

 13.1 The SDRs are listed on NASDAQ Stockholm AB. Should the SDRs be delisted from NASDAQ
Stockholm AB, the Company shall, inform SEB as well as the Holders as soon as practically possible after such a decision. Notice to Holders shall be given in accordance with Section 18.1 below. 

 

	14.	Custody of shares 

 14.1 SEB is entitled to keep a Holder`s respective Shares in custody together with
other Holders’ Shares that are covered by these General Terms and Conditions and, if applicable, to have the Shares represented by a joint share certificate or by joint registration in a book-entry system. The Shares are deposited with the
Sub-Custodian. Such deposit will be made in the name of SEB on behalf of the Holders. SEB may give the Sub-Custodian a consent to deposit the Shares with a central securities depository such as Depositary Trust Company (DTC). 

 

	15.	Fees and costs 

 15.1. All fees and costs in connection with the administration of the safe custody and
the services rendered by Euroclear shall be paid by the Company, with those exceptions mentioned in Section 3.3 above and Section 22.3 below. 
  

	16.	Change of legal requirements 

 16.1 If the Company decides that it is feasible to list the Shares on
NASDAQ Stockholm AB instead of listing the SDRs and if it is also possible to register the Shares directly with Euroclear, SEB may and is entitled to register with Euroclear in accordance with the Swedish Financial Instruments Accounts Act
(1998:1479) each Holder for the number of Shares that correspond to its holding of SDRs and simultaneously herewith cancel the corresponding SDRs. SEB shall inform the Holders of such registration and cancellation well in advance of the
effective date and provide information of the effect of such direct registration of the Shares. 
 16.2 Should the applicable rules and regulations in
Sweden relating to the safe custody of foreign shares etc. be changed, so that the Shares can be withdrawn from the safe custody and be held directly by the Holders or be registered on a VPC account designated by the Holder, then SEB may give the
Holders a notice relating to such a change in accordance with Section 18.1 below. 
  

	17.	Change of custodian bank 

 17.1 If the Company determines to appoint another Swedish bank as custodian,
SEB shall assign all rights and obligations on behalf of SEB under these General Terms and Conditions to and deliver the Shares to that bank. The Company shall as soon as practically possible after a change of the custodian bank has been made inform
and have the change approved by Euroclear and cause notice of such change to be mailed to the Holders in accordance with Section 18.1 below. A decision to change custodian bank in accordance with the foregoing may not be effected until six
months after such date when the Holders have been informed thereof in accordance with Section 18.1 below. 
  

	18.	Delivery of notices 

 18.1 SEB shall arrange for notices or documentation to be distributed to Holders
in accordance with these General Terms and Conditions to be furnished to the Holders and other holders of rights registered in the SDR Register as entitled to receive notification pursuant to the Swedish Financial Instruments Accounts Act
(1998:1479). Such notices or documents shall be sent by mail to the address 

  
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listed in the SDR Register. SEB and the Company may, in lieu of mailing notices, publish the corresponding information in at least one (1) national Swedish daily newspaper and through the
Company’s website. 
  

	19.	Amendments to these general terms and conditions 

 19.1 SEB shall after consultations with the Company
be entitled to amend these General Terms and Conditions insofar as such amendments are required by Swedish. U.S. or any applicable legislation, court decisions or decisions by public authorities or changes in the rules and regulations of Euroclear,
or if, in the opinion of SEB, such action is otherwise appropriate or necessary for practical reasons and the Holders’ rights are in no material respect adversely affected. 

 

	20.	Disclosure of information 

 20.1 SEB shall and is authorized to disclose any information concerning the
Holders and their holdings of SDRs to the Company and to the Sub-Custodian. 
 20.2 SEB and the Company shall have the right to disclose information to
registrars or governmental authorities, provided such obligation to provide information is required by Swedish or foreign law or governmental regulations. A Holder shall be obligated, upon request, to provide SEB with such information. 

20.3 SEB and the Company shall also have the right, in connection with reduction or refund of taxes together with other amounts owed by the tax authorities
where such rights exist, to disclose information regarding a Holder and a Holder’s holdings of SDRs and the Shares represented thereby to the extent necessary. 
  

	21.	Limitation of liability 

 21.1 With respect to the actions incumbent on SEB, the Sub-Custodian, the
Company and Euroclear (in the case of Euroclear always subject to the provisions of the Swedish Financial Instruments Accounts Act), SEB, the Sub-Custodian, the Company and Euroclear shall not be deemed liable for loss due to Swedish or foreign
legal decrees, Swedish or foreign action by public authorities, acts of war; strikes, blockades, boycotts, lockouts or other similar causes. The reservations with respect to strikes, blockades, boycotts and lockouts apply even if SEB, the
Sub-Custodian, the Company or Euroclear itself undertakes, or is the object of, such actions. 
 21.2 Neither SEB, the Sub-Custodian, the Company nor
Euroclear shall be obligated to provide compensation for loss arising in other situations if SEB, the Sub-Custodian, the Company or Euroclear has exercised normal prudence. Neither shall any of them be liable for indirect damages. 

21.3 If SEB, the Sub-Custodian, the Company or Euroclear shall be hindered from making payment or taking any other action by circumstances such as those
described in Section 21.1 above, such action may be deferred until the hindrance has ceased to exist. 
 21.4 Neither SEB, the Sub-Custodian, the
Company nor Euroclear is responsible for losses or damages incurred by the Holders by reason of that any dividend, right, delivery of notice or other that the shareholders of the Company are entitled to, of technical, legal or other reasons beyond
Euroclear’s control cannot be distributed or transferred to the Holders registered in the SDR Register. 
  

	22.	Termination 

 22.1 If (i) a decision is taken to delist the SDRs from NASDAQ Stockholm AB,
(ii) a decision is taken by the Company pursuant to the certificate of incorporation or the by-laws to no longer maintain the SDR program under these General Terms and Conditions or (iii) Euroclear has decided to terminate the Service
Agreement concerning registration of Swedish Depository Receipts, SEB is entitled to terminate deposits made under these General Terms and Conditions by giving notice regarding such termination to the Holders in accordance with Section 18.1
above (the Termination Notice). 

  
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 22.2 For a period of twelve months from the date of the Termination Notice, these General Terms and Conditions
will continue to be valid in all respects; provided, however, that the SDRs, in accordance with an undertaking by the Company, will be listed on NASDAQ Stockholm AB for a period of six months from the date of the Termination Notice, if they have not
been previously delisted on the initiative of NASDAQ Stockholm AB. 
 22.3 For a period of two years after the expiration of twelve months from the date of
the Termination Notice, SEB shall continue to hold the Shares in safe custody but shall discontinue registration of transfers (by closing the SDR Register), suspend distribution of dividends to the Holders, refuse to accept deposits of Shares or any
other action required under these General Terms and Conditions. SEB shall be entitled to compensation from a Holder for all fees and costs incurred by SEB in connection with the SDRs from such date forward. 

22.4 Three years after the Termination Notice has been given, SEB will be entitled to sell the Shares and deduct any fees and costs incurred in connection
with any such sale of the Shares. The proceeds of any such sale together with any dividends not paid to the Holders, after deduction of fees and costs in accordance with the foregoing, will be held by SEB without liability for interest thereon for
the Holders’ account. 
  

	23.	Governing law and Disputes 

 23.1 These General Terms and Conditions and any legal matters relating to
the SDRs issued by SEB in accordance therewith shall be governed by Swedish law. 
 23.2 Any legal proceedings relating to the SDRs shall be instituted in
the District Court of Stockholm (Stockholms Tingsrätt), Sweden, or in such other jurisdiction which competence SEB has accepted in writing. 
  

 

  
 7EX-10.1

 Exhibit 10.1 
  

 
 GRANT AGREEMENT 

Applicable to Performance Shares promised under the Autoliv, Inc., 1997 Stock Incentive Plan (as amended and restated)

 Your above-described grant of performance shares (the “Performance Shares”) is subject to the following provisions, in addition to
those set forth in the attached Notice of Grant (the “Grant Notice”): and the Autoliv, Inc. 1997 Stock Incentive Plan (“the Plan”): 
  

	1.	Defined Terms: 

 Capitalized terms used herein and not otherwise defined shall have the
meanings assigned to such terms in the Plan. In addition, for purposes of this Grant Agreement: 
  

	 	a.	“Cause” will have the meaning assigned such term in the employment, severance or similar agreement, if any, between you and Autoliv, Inc. (“the Company) or one of its subsidiaries; provided,
however, that if there is no such employment, severance or similar agreement in which such term is defined, “Cause” shall mean any of the following acts by you, as determined by the Company or one of its subsidiaries, as applicable, in its
sole discretion: gross neglect of duty, as reasonably determined by the Company, prolonged absence from duty without the consent of the Company or one of its subsidiaries, as applicable; your material breach of any published Company code of conduct
or code of ethics; or your willful misconduct, misfeasance or malfeasance of duty which is reasonably determined to be detrimental to the Company or one of its subsidiaries. 

 

	 	b.	“Date of Vesting” means the date of the Compensation Committee’s certification of the Company’s attainment of the Performance Objectives for the Performance Period, provided that, except as
otherwise stated herein, you are then still employed by the Company or one of its subsidiaries. 

  

	 	c.	“Disability” means your inability, as reasonably determined by the Company, to perform the essential functions of your regular duties and responsibilities, with or without reasonable accommodation, due
to a medically determinable physical or mental illness which has lasted (or can reasonably be expected to last) for a period of six (6) consecutive months. 

  

	 	d.	“EMT” means Executive Management. 

  

	 	e.	“Performance Objectives” shall have the meaning set forth in Exhibit A hereto. 

  

	 	f.	“Performance Period” shall have the meaning set forth in Exhibit A hereto. 

	 	g.	“Qualifying Retirement” means your termination of employment with the Company or one of its subsidiaries at or after satisfying the eligibility requirements for retirement under the retirement
provisions of local law in your home country, provided such termination of employment has been approved by the Company, if you are not a member of EMT, or by the Compensation Committee, if you are a member of EMT. Notwithstanding the foregoing, your
termination of employment will not be considered a Qualifying Retirement if (i) the termination occurs within six (6) months following the Date of Promise, or (ii) you are terminated for Cause by the Company or one of its
subsidiaries.

  

	 	h.	“Target Award” is the target number of shares of Common Stock subject to this award, as set forth in your Grant Notice. 

 

	2.	Vesting; Termination of Employment: 

  

	 	a.	The Performance Shares have been credited to a bookkeeping account on your behalf. Each Performance Share represents an unfunded, unsecured right to receive one share of Common Stock, subject to the terms and conditions
stated in the Plan and this Grant Agreement. The Performance Shares will be earned in whole, in part, or not at all, on the Date of Vesting to the extent that the Performance Objectives are attained, as provided on Exhibit A attached
hereto, provided that, except as otherwise stated herein, you are then still employed by the Company or one of its subsidiaries. Any Performance Shares that fail to vest in accordance with the terms of this Grant Agreement will be forfeited and
reconveyed to the Company without further consideration or any act or action by you. 

  

	 	b.	If your employment with the Company or one of its subsidiaries terminates by reason of your death, Disability or Qualifying Retirement prior to the Date of Vesting, you or, as the case may be, your estate, will retain
the Performance Shares and the Performance Shares may be earned, in whole, in part, or not at all, on the Date of Vesting to the extent that the Performance Objectives are attained, as provided on Exhibit A attached hereto. 

 

	 	c.	If your employment terminates for any reason other than as described in subsection (b) above, you will forfeit all right, title and interest in and to the unvested Performance Shares as of the date of such
termination and the unvested Performance Shares will be reconveyed to the Company without further consideration or any act or action by you. 

  

	3.	Conversion to Shares of Common Stock; Procedure at Date of Vesting: 

  

	 	a.	Unless the Performance Shares are forfeited prior to the Date of Vesting as provided in Section 2 above, the Performance Shares will be converted on the Date of Vesting to actual shares of Common Stock. The shares
of Common Stock to be issued pursuant to this Grant Agreement shall be issued in the form of book-entry shares of Common Stock in your name as the beneficial owner as of the Date of Vesting. 

 

	 	b.	 Notwithstanding the foregoing paragraph, if you are a U.S. taxpayer for the taxable year in which your
termination of employment occurs: (i) your vested Performance shares that constitute “deferred compensation” under Section 409A of the Internal Revenue Code and the regulations promulgated thereunder (“Section 409A”)
shall be paid only if the circumstances giving rise to your termination of employment meet any definition of “separation from service” in Section 409A (without giving effect to any elective provisions that may be available under such
definition) and (ii) if you are 

	 	
a “specified employee” of the Company (as defined in Section 409A) as of the date of your termination of employment, the vested shares of Common Stock that constitute
“deferred compensation” under Section 409A will be delivered to you on the first day of the seventh month following the date of your termination of employment (or if earlier, upon death); provided, however, that such delay shall be
implemented only to the extent necessary in order to avoid the imposition of taxes under Section 409A; and further provided that you have otherwise complied with the requirements for such delivery of vested shares as provided herein.

  

	4.	Securities Law Restrictions; Insider Trading Policy: 

 You may not offer, sell or
otherwise dispose of any shares of Common Stock in a manner which would violate any applicable laws, including, without limitation, the laws of Sweden, U.S. federal and state securities laws, U.S. federal law, the requirements of any stock exchange
or quotation system upon which the Common Stock may then be listed or quoted and any laws of any other country or jurisdiction that may be applicable to you. 

In connection with receipt of this Grant Agreement, you acknowledge that you are subject to the Company’s AS 314 Insider Trading Policy.
Such policy may be found on the Company’s intranet at “Functions, Legal.” 
  

	5.	Change in Control of the Company: 

 Notwithstanding any provision herein to the contrary,
your Performance Shares shall be immediately vested at the Target Award level upon the occurrence of a Change in Control; provided, however, that if you are a U.S. taxpayer for the taxable year in which the Change in Control occurs, this provision
shall apply only if the circumstances giving rise to such Change in Control meet any definition of “change in control event” in Section 409A of the Internal Revenue Code and applicable regulations (without giving effect to any
elective provisions that may be available under such definition). 
  

	6.	Non-Transferability: 

 Your Performance Shares are personal to you and shall not be
transferable by you otherwise than by will or the laws of descent and distribution. 
  

	7.	Conformity with Plan: 

 Your Performance Shares are intended to conform in all respects
with the Plan, including any future amendments thereto. Inconsistencies between this Grant Agreement and the Plan shall be resolved in accordance with the terms of the Plan. All definitions stated in the Plan shall be fully applicable to this Grant
Agreement. 
  

	8.	Employment and Successors: 

 Nothing herein or in the Grant Notice or in the Plan confers
any right or obligation on you to continue in the employ of the Company or any subsidiary or shall affect in any way your right or the right of the Company or any subsidiary, as the case may be, to terminate your employment at any time. This Grant
Agreement, the Grant Notice, and the Plan, including any future amendments thereto, shall be binding upon you, your estate, any person succeeding to your rights hereunder and any successor or successors of the Company. The Performance Shares do not
confer to you or any person succeeding to your rights hereunder any rights of a shareholder of the Company unless and until shares of Common Stock are in fact issued to you or such person in connection with the settlement of the Performance Shares.

	9.	Dividend Equivalent Rights: 

 You will not be entitled to dividends or dividend
equivalent rights with respect to the Performance Shares. 
  

	10.	Tax: 

 You are totally responsible for paying all taxes that you incur in respect
of this Grant. The Company has the authority and the right to deduct or withhold, or require you to remit, an amount sufficient to satisfy all applicable taxes required by law to be withheld with respect to any taxable event arising as a result of
vesting or settlement of the Performance Shares. The withholding requirement may be satisfied, in whole or in part, by withholding from the settlement of the Performance Shares, shares of Common Stock having a fair market value on the date of
withholding equal to the minimum amount (and not any greater amount unless such other withholding rate will not cause an adverse accounting consequence or cost) required to be withheld for tax purposes, all in accordance with such procedures as the
Company establishes. The obligations of the Company hereunder will be conditional on such payment, and the Company will, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to you. 

 

	11.	Governing Law: 

 This Grant Agreement, the Grant Notice, and the Plan shall be construed
in accordance with and governed by the laws of the State of Delaware, USA, and, to the extent relevant, the local laws of your home country. 
  

	12.	Severability: 

 If any one or more of the provisions contained in this Grant Agreement
are invalid, illegal or unenforceable, the other provisions of this Grant Agreement will be construed and enforced as if the invalid, illegal or unenforceable provision had never been included. 

 

	13.	Recoupment Policy; Agreement to Repayments of Incentive Compensation When Payments Are Required Under Federal Law: 

The Company’s policy regarding “Return of Compensation in Restatement Situations” is enclosed herewith. Such policy also may be
found on the Company’s intranet at “Functions, HR.” In connection with receipt of this Grant Agreement, you acknowledge that you are subject to such policy. In addition, the Performance Shares shall be subject to any future
compensation recoupment policy that the Company may adopt from time to time, as required by law or otherwise, to the extent applicable. 

This provision applies to any policy adopted by the New York Stock Exchange (or any other exchange on which the securities of the Company are
listed) pursuant to Section 10D of the Securities Exchange Act of 1934. Section 10D provides for the recovery of incentive-based compensation that has been erroneously paid because of material errors in financial statements of the
Company.
 To the extent such policy requires the repayment of incentive-based compensation received by you, whether paid pursuant to this
Grant Agreement or any other plan of incentive-based compensation maintained in the past or adopted in the future by the Company, you agree to the repayment of such amounts to the extent required by such policy. 

	14.	Executive Stock Ownership Requirements: 

 In connection with receipt of this Grant
Agreement, you acknowledge that you are subject to the Company’s policy regarding “Stock Ownership Policy for Executives”, if you are a member of the EMT. 
  

	15.	Confidentiality: 

 By accepting this Grant, you agree (a) to keep this Grant
Agreement and all of its provisions, as well as any ancillary materials related to this Grant provided to you, confidential; (b) not to disclose the contents thereof to anyone except your attorney, your immediate family or your financial
consultant (“Permitted Persons”), provided such Permitted Persons agree in advance to keep such information confidential and not disclose it to others; and (c) not to use the contents thereof for any purpose other than the
interpretation of this Grant. If you or any Permitted Person violate the terms and conditions of this Section 15, the Performance Shares will be forfeited as of the date of such violation, and the Performance Shares will be reconveyed to the
Company without further consideration or any act or action by you. In addition, violations of this Section 15 may result in potential civil or criminal penalties under the US federal securities laws. Anything herein to the contrary
notwithstanding, you shall not be restricted from: (i) disclosing information that is required to be disclosed by law, court order or other valid and appropriate legal process; provided, however, that in the event such disclosure is
required by law, you shall provide the Company with prompt notice of such requirement so that the Company may seek an appropriate protective order prior to any such required disclosure by you; and (ii) reporting possible violations of federal,
state, or local law or regulation to any governmental agency or entity, or from making other disclosures that are protected under the whistleblower provisions of federal, state, or local law or regulation, and you shall not need the prior
authorization of the Company to make any such reports or disclosures and shall not be required to notify the Company that you have made such reports or disclosures. 

 EXHIBIT A 

[Performance Matrix and Terms]

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