Document:

Exhibit 10.13(a)

   

  Amendment No. 1 

  to 

  Manufacturing Services Agreement:

   

  This Amendment No. 1 (this “Amendment”) to the Manufacturing Services Agreement dated October 24, 2017, (the “Agreement”) between the
    Parties is entered into on July 5, 2018 (the “Amendment Effective Date”) by and between Owlet Baby Care, Inc., a Delaware corporation with its principal office at 2500 Executive Parkway, Suite 300, Lehi, Utah 84043 (“Customer”), and
    Benchmark Electronics, Inc., a Texas corporation with its principal place of business at 4141 N. Scottsdale Road, Suite 301, Scottsdale, Arizona 85251, along with its wholly-owned subsidiary, Benchmark Electronics (Thailand) PCL, a Thailand company
    with offices at 94 Moo 1 Hi-Tech Industrial Estate, Banlane, Bang Pa-In, Ayutthaya 13160, Thailand, (collectively, “Benchmark”). The terms of the Agreement between Customer and Benchmark shall be incorporated into and apply to this Amendment.
    Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Agreement.

   

  WHEREAS, Customer and Benchmark wish to amend the Agreement;

   

  NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt and
    sufficiency of which is hereby acknowledged, Customer and Benchmark agree as follows:

   

  		1.	Section 7.4 (Component Yield Loss/Attrition). Section 7.4 of the Agreement is hereby deleted in its entirety and replaced with the following:

   

  “Customer acknowledges that the manufacturing processes for the manufacture of the Product will result in the loss and scrap of Products due to the fallout or
    scrap of Components used in production (“Yield Loss / Attrition”). The total Yield Loss / Attrition value (calculated as a number of Products which were scrapped) from each Purchase Order will be consolidated on a monthly basis. Benchmark
    may issue an invoice to Customer each month for all such Products where the Yield Loss / Attrition number is less than or equal to three percent (2.5%) of the total number of Products in the Purchase Order. Benchmark will be liable for any Yield Loss /
    Attrition which is greater than three percent (3%) of the total number of Products in the Purchase Order.”

   

  		2.	Section 7.5 (Inventory Turns). Section 7.5 of the Agreement is hereby deleted in its entirety.

   

  		3.	A new section, Section 11.6 (Epidemic Failure) is hereby added to the Agreement as follows:

   

  “11.6 Epidemic Failure. In the event that five percent (5%) or more of any lot, batch or other separately distinguishable manufacturing run of Products which was verified by
    Benchmark to have been delivered to Customer is found to be Nonconforming Product with the same root cause defects within the twelve (12) month period following Benchmark’s delivery of such Products to Customer, Benchmark will promptly: (a) dedicate
    sufficient resources to thoroughly investigate the cause of the defect; (b) perform root cause analysis; and (c) implement corrective action. In addition, after Benchmark’s verification, Benchmark will render repair and replacement services, as
    reasonably requested by Customer, during the applicable Product warranty period. In addition to repair or replacement of such Nonconforming Products with the same root cause defects, Manufacturer will credit Customer an amount equal to ten percent
    (10%) of the price paid by Customer as compensation for removal and reinstallation associated with the repair or replacement of such Nonconforming Products.”

   

  		4.	No other changes. All other terms and conditions of the Agreement remain unchanged and in full force and effect. The Agreement as hereby amended contains the entire agreement between the Parties with respect
          to the matters set forth therein and herein, and the Agreement and this Amendment shall be read as one document.

   

  IN WITNESS WHEREOF, this Amendment has been signed effective as of the Amendment Effective Date on behalf of Customer and Benchmark by duly authorized representatives.

   

  
  
    	 	 	 

  

  
     

  

  
   

  	BENCHMARK ELECTRONICS (THAILAND) PCL	 	OWLET BABY CARE, INC.
	 	 	 	 	 
	By:  	/s/ Mike Buseman	 	By:  	/s/ David Kizer
	 	Signature	 	 	Signature

   

  	Mike Buseman	 	David Kizer
	Printed Name	 	Printed Name

   

  	Director	7/6/18	 	VP Sourcing & Supply Chain	7/3/18
	Title	Date	 	Title	Date

   

  	BENCHMARK ELECTRONICS, INC.	 
	 	 	 
	By:  	/s/ Mike Buseman	 
	 	Signature	 

   

  	Mike Buseman	 
	Printed Name	 

   

  	EVP, Global Operations	7/6/18	 
	Title	DateExhibit 10.13(b)

   

  Amendment No. 2 

  to 

  Manufacturing Services Agreement:

   

  This Amendment No. 2 (this “Amendment”) to the Manufacturing Services Agreement dated October 24, 2017, (the “Agreement”) between the Parties is entered into on September 23,
    2020 (the “Amendment Effective Date”) by and between Owlet Baby Care Inc., a Delaware corporation with its principal office at 2500 Executive Parkway, Suite 500, Lehi, Utah 84043 (“Customer”), and Benchmark Electronics, Inc., a Texas
    corporation with its principal place of business at 56 S. Rockford Drive, Tempe, Arizona 85281, along with its wholly-owned subsidiary, Benchmark Electronics (Thailand) PCL, a Thailand company with offices at 94 Moo 1 Hi-Tech Industrial Estate,
    Banlane, Bang Pa-In, Ayutthaya 13160, Thailand, (collectively, “Benchmark”). The terms of the Agreement between Customer and Benchmark shall be incorporated into and apply to this Amendment. Capitalized terms not otherwise defined herein shall
    have the meanings ascribed to them in the Agreement.

   

  WHEREAS, Customer and Benchmark wish to amend the Agreement;

   

  NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which is
    hereby acknowledged, Customer and Benchmark agree as follows:

   

  		1.	The following new Sections 1.3 (Exclusivity) and 1.4 (Additional Site) are added immediately following Section 1.2 (Scope) in the Agreement:

   

  		“1.3	Exclusivity. Starting on the Amendment Effective Date and expiring not less than three (3) years after the Amendment Effective Date (“Exclusivity Period”), Customer grants to Benchmark the exclusive right to manufacture
          the Exclusive Products. Customer shall not place Orders for the manufacture of the Exclusive Products with any third party, and Customer shall not develop Customer’s own manufacturing of the Exclusive Products during the Exclusivity Period. The
          Parties may agree to allow another Benchmark Affiliate to provide the manufacturing services for the Exclusive Products during the Exclusivity Period.”

   

  		“1.4	Additional Site. Within one (1) calendar year from the Amendment Effective Date, Customer may engage a second production site owned by Benchmark and/or Benchmark Affiliate for the sale of goods and/or manufacturing services and receive
          the benefit of Section 6.4 (Production Cost) below.”

   

  		2.	Definition. The following definition is added to the defined terms in Section 2.1 (Definitions) of the Agreement:

   

  “Exclusive Products” means all of Customer’s Products in the following product families: Owlet Smart Sock, Owlet Monitor Duo, and Owlet Band
    including all revisions and future generations of these Products and or product families. For the avoidance of doubt, “Exclusive Products” does not include the Owlet Cam product.

   

  		3.	Section 6.2 (Payment) of the Agreement is deleted in its entirety and replaced with the following:

   

  		“6.2	Payment. Customer shall make all payments to Benchmark in U.S. Dollars via electronic funds transfer received by Benchmark no later than net ninety (90) days after the invoice date without set-off of any kind. Nevertheless, Customer may
          apply any Benchmark-issued credit memo against any outstanding Benchmark invoices to Customer. This payment term shall likewise apply to any invoices or other amounts owed from Benchmark to Customer. If any invoice remains unpaid after the due
          date thereof, Customer will be subject to a charge equal to the lesser of one and one-half percent (1.5%) per month or the highest rate allowed by law, and Benchmark may place a credit hold on Customer’s account for pending and future shipments.”

   

  		4.	The following new Section 6.4 (Production Cost) is added immediately following Section 6.3 (Customer’s Financial Status) in the Agreement:

   

  		“6.4	Production Cost. If Customer engages a second production site owned by Benchmark and/or Benchmark Affiliate for the sale of goods and/or manufacturing services, pursuant to Section 1.4 (Additional Site); then upon completion of the
          production set-up, Customer may provide copies of invoices for the costs of production set-up, and Benchmark will pay such undisputed invoices on Customer’s behalf at the lesser of either fifty percent (50%) of the total production set-up costs,
          or three hundred thousand dollars (USD $300,000).”

   

  
  
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  		5.	No other changes. All other terms and conditions of the Agreement remain unchanged and in full force and effect. The Agreement as hereby amended contains the entire agreement between the Parties with respect
          to the matters set forth therein and herein, and the Agreement and this Amendment shall be read as one document.

   

  IN WITNESS WHEREOF, this Amendment has been signed effective as of the Amendment Effective Date on behalf of Customer and Benchmark by duly authorized representatives.

   

  	BENCHMARK ELECTRONICS (THAILAND) PCL	 	OWLET BABY CARE INC.
	 	 	 	 	 
	By:  	/s/ Roop K. Lakkaraju	 	By:  	/s/ Michael Abbott
	 	Signature	 	 	Signature

   

  	Roop K. Lakkaraju	 	Michael Abbott
	Printed Name	 	Printed Name

   

  	EVP & CFO	 	 	President	9/24/20
	Title	Date	 	Title	Date

   

  	BENCHMARK ELECTRONICS, INC.	 
	 	 	 
	By:  	/s/ Roop K. Lakkaraju	 
	 	Signature	 

   

  	Roop K. Lakkaraju	 
	Printed Name	 

   

  	EVP & CFO	 	 
	Title	Date	 

   

  
  
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