Document:

EX-4.93

 Exhibit 4.93 

Certain identified information marked with “[***]” has been omitted from this document because it is both (i) not material and (ii) the
type that the registrant treats as private or confidential. 
  

 
 Agreement No.
PS22-019 
 IMPORTER AGREEMENT 

 
  

BETWEEN 
 Polestar
Performance AB 
 AND 

Volvo Car USA LLC 

 PS22-019 
  

 This importer agreement (“Importer Agreement”) is made effective as of 21 June 2022 by
and between 
 Polestar Performance AB, a company organized and existing under the laws of Sweden, having its principal place of business at Assar
Gabrielssons Väg 9, 405 31 Gothenburg, Sweden (“Seller”) 
 and 

Volvo Cars USA LLC, a Delaware limited liability company, having its principal place of business at 1800 Volvo Place, Mahwah, NJ 07430, USA
(“Importer”). 
 Each of Seller and Importer is hereinafter referred to as a “Party” and jointly as the
“Parties”. 
 BACKGROUND: 
  

	A.	 Seller is engaged in the design, research and development, manufacturing, marketing, sales, and distribution of
Polestar Vehicles (as hereinafter defined). 

  

	B.	 Importer has experience and expertise in importation, and sale of passenger cars in the Territory (as defined
below). 

  

	C.	 Seller wishes to engage Importer as importer of Polestar Vehicles in the Territory and Importer wishes to
import Polestar Vehicles in the Territory. 

 NOW, THEREFORE, SELLER AND IMPORTER AGREE: 

 

	1.	 Definitions 

  

	 	1.1.	 “Affiliate” means any other legal entity that, directly or indirectly, is controlled by Volvo
Car Corporation or Polestar Holding AB; and control means the possession, directly or indirectly, by agreement or otherwise, of (i) at least 50% of the voting stock, partnership interest or other ownership interest, or (ii) the power
(a) to appoint or remove a majority of the board of directors or other governing body of an entity, or (b) to cause the direction of the management of an entity. 

 

	 	1.2.	 “Base Warranty” means the standard warranty in place for the sale of new Polestar cars as per
Polestar’s standard terms and conditions for the prevailing number of years of warranty that the Distributor provides for new Polestar cars. 

  

	 	1.3.	 “Confidential Information” means any and all
non-public information regarding the Parties and their respective businesses, whether commercial or technical, in whatever form or media, including but not limited to the existence, content and subject matter
of this Importer Agreement, information relating to intellectual property rights, concepts, technologies, processes, commercial figures, techniques, algorithms, formulas, methodologies, know-how, strategic
plans and budgets, investments, customers and sales, designs, graphics, CAD models, CAE data, statement of works (including engineering statement of works and any high level specification), targets, test plans/reports, technical performance data and
engineering sign-off documents and other information of a sensitive nature, that a Party learns from or about the other Party prior to or after the execution of this Importer Agreement. 

  
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 PS22-019 
  

	 	1.4.	 “Distributor” means Polestar Automotive USA Inc., a wholly owned subsidiary of Seller.

  

	 	1.5.	 “Extended Service Plan” (ESP) means an extension of the Base Warranty with one or two years.

  

	 	1.6.	 “Extended Warranty” means the extended warranty in place for the sale of new Polestar cars for
the prevailing number of years of warranty that the Distributor provides for new Polestar cars sales with an extended warranty. 

  

	 	1.7.	 “Field Service Action” means repairs resulting from safety recall campaigns for specific
defaults that could influence vehicle’s safety, and repairs or damages resulting from premature deterioration of parts condition, which could have a negative impact of Polestar’s image. 

 

	 	1.8.	 “Goodwill (AWA) Warranty” means the partial or full coverage of repair costs for customer
cases where the vehicle Base Warranty has expired. The Goodwill (AWA) Warranty assists to improve customer satisfaction metrics. 

  

	 	1.9.	 “Polestar Vehicles” means new Polestar branded cars, for resale to Distributor. For the
avoidance of doubt, used cars, test cars or pre-series cars are not included. 

  

	 	1.10.	 “Territory” means United States of America, excluding Puerto Rico. 

 

	 	1.11.	 “Third Party” means a party other than any of the Parties and/or an Affiliate of one of the
Parties to this Importer Agreement. 

  

	 	1.12.	 “Trademarks” means trademarks (including part numbers that are trademarks), service marks,
logos, trade names, business names, assumed names, trade dress and get-up, and domain names, in each case whether registered or unregistered, including all applications, registrations, renewals and the like,
in each case to the extent they constitute rights that are enforceable against Third Parties. 

  

	 	1.13.	 “Transfer Price” means the price at which Seller sells the Polestar Vehicles to Importer.

  

	2.	 Appointment 

  

	 	2.1.	 Seller appoints Importer as an exclusive importer of Polestar Vehicles in the Territory and will supply
Polestar Vehicles on the terms set out in this Importer Agreement. 

  

	 	2.2.	 The obligation of Seller to supply Polestar Vehicles may be met by supplying Polestar Vehicles directly from or
through any of Seller’s Affiliates. 

  

	3.	 Undertakings of Seller 

 

	 	3.1.	 Seller will sell Polestar Vehicles to Importer on the terms and conditions of this Importer Agreement.

  
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 PS22-019 
  

	 	3.2.	 Seller will timely, provide all information, documentation and data necessary to ensure compliance with all
applicable laws and regulations for import into the Territory. 

  

	 	3.3.	 Seller will cause Distributor to purchase the Polestar Vehicles from Importer upon entry into the Territory.

  

	4.	 Undertakings of Importer 

 

	 	4.1.	 Importer will purchase Polestar Vehicles from Seller on the terms and conditions of this Importer Agreement.

  

	 	4.2.	 Importer will organize and operate an efficient import process using professional and skilled personnel,
reasonably experienced for the services to be performed, in each case according to the same standard of care and professionalism that is done in Importer’s internal business and development projects and will be responsible for importation and
customs clearance of Polestar Vehicles. 

  

	5.	 Common undertakings of the Parties 

 

	 	5.1.	 Neither Party may, without the express written authority of the other Party, enter into any contract,
undertakings, or agreements whatsoever on behalf of the other Party. It is thus understood between the Parties that nothing herein contained will create a relationship of principal and agent or employer and employee between Seller and Importer or
any of the Parties’ Affiliates. 

  

	 	5.2.	 Neither Party is authorized to accept service of legal process, under any circumstances, on behalf of the other
Party. If any legal proceedings are served on a Party due to the arrangements under this Importer Agreement, such Party will immediately inform the other Party of such proceedings. 

 

	6.	 Prices and payment 

 

	 	6.1.	 The Parties agree that all prices and compensations for Polestar Vehicles payable by Importer to Seller
(“Transfer Price”) will be established on an arm’s length basis as outlined in Appendix A. 

  

	 	6.2.	 The invoice for a Polestar Vehicle shall be issued by the Seller to the Importer when the Polestar Vehicle has
been loaded onto the transport vessel at the port of departure, outside the Territory, at the named place referenced on the bill of lading. Invoices may be generated electronically. 

 

	 	6.3.	 The payment terms below will apply unless separately agreed between Seller and Importer. 

 

	 	6.4.	 Importer will pay Seller for the Polestar Vehicles within 60 days of the date of invoice unless otherwise
agreed between the Parties. 

  

	 	6.5.	 Payment made later than 15 days after the due date will automatically be subject to interest for late payments
for each day it is not paid and the interest shall be based on the one-month applicable interbank rate, depending on invoice and currency, with an addition of two per cent (2.0%) per annum.

  
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 PS22-019 
  

	 	6.6.	 If Importer is in default in making any payment, Seller may postpone, subject to two weeks prior written
notice, its obligations under this Importer Agreement until payment is received. Any postponement or termination of Seller’s obligations under this Importer Agreement will have no effect on Seller’s obligations or commitments under any
other agreement between the Parties. 

  

	 	6.7.	 However, if Distributor on the other hand, is in default in making payment for purchases of Polestar Vehicles
from Importer under the Sales & Purchase Agreement (agreement No. PS22-020), Importer will have the right to withhold payment of the corresponding amount to Seller until such debt has been cleared.
For the avoidance of doubt, Seller will under such circumstances not have the right to claim default interest, as specified in Section 6.4 above or terminate this Importer Agreement in accordance with Section 18.3 below.

  

	 	6.8.	 Furthermore, if Distributor’s default described in Section 6.6 above is not resolved within 30 days,
Importer will after prior written notice to Seller have the right to postpone its obligations under this Importer Agreement, including, but not limited to, purchasing of additional Polestar Vehicles. 

 

	7.	 Information and documentation 

 

	 	7.1.	 Seller and Importer will supply each other, upon request, with such information and documentation in their
possession, as may reasonably be required to verify the financial data relevant to the execution of this Importer Agreement. 

  

	8.	 Delivery terms 

 

	 	8.1.	 Seller will supply Importer with Polestar Vehicles in accordance with the Transfer Prices specified in
Section 6. 

  

	 	8.2.	 The delivery terms below will apply unless separately agreed between Seller and Importer.

  

	 	8.3.	 The delivery terms are CIF, US port of entry, and Incoterms 2020 will be applicable in its entirety.

  

	 	8.4.	 The ownership, title, and risk of loss transfer of Polestar Vehicles are from Seller to Importer at the time of
invoicing in accordance with Section 6.2. 

  

	 	8.5.	 For the avoidance of doubt, Seller will indemnify and hold Importer harmless of any cost, e.g., but not limited
to, legal fees, administration, insurance deductables, etc., that might arise in the event any damage to or loss of Polestar Vehicles occurs during the transportation. 

 

  
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 PS22-019 
  

	9.	 Product liability and recalls 

 

	 	9.1.	 Seller will indemnify and hold Importer harmless from any losses, damages, claims, allegations, actions, causes
of action, suits, demands, liabilities, judgments, penalties, fees, fines, forfeitures, and expenses incurred in relation to any product liability or other claim by any Third Party arising out of a defect in manufacture, material, workmanship, or
design of Polestar Vehicles. Damages include damage to property, death, or personal injury. Expenses include reasonable expenses incurred in defending the claim or in any related investigation or negotiation, court filing fees, court costs,
arbitration fees, witness fees, attorney’s and legal fees and disbursements, costs of buybacks and trade assists. Importer will promptly notify Seller of any claims under this section. Importer or its representatives may defend any such claim
at Seller’s costs and in collaboration with Seller. At either Party’s request, Seller and/or parties designated by Seller will participate, at Seller’s expense, in the defense of such claim. Any settlement between Importer and such
Third Party requires a prior written approval by Seller. 

  

	 	9.2.	 What is stated in Section 9.1 will apply also to a warranty claim, product recall, owner notification or
other campaign or similar activities, whether conducted for regulatory or non-regulatory reasons, voluntary campaigns and for recalls that are required by any authority or governmental body i.e., regulatory
campaigns. 

  

	10.	 Insurance 

  

	 	10.1.	 Without limiting any of the other obligations or liabilities of Seller under this Importer Agreement, Seller
will continuously maintain the insurance outlined below covering Polestar Vehicles. 

  

			
	                          Insurance Coverage	  	Minimum Limit
		
	 Commercial General Liability
	  	$[***] per claim
		
	 Product Liability Insurance
	  	$[***] per claim and year.
		
	 Additional requirements for Seller’s insurance
	  	 •   Waive all rights of recovery under subrogation, set-off, or counterclaim against Importer
  

•   Insurers with a current Standard & Poor’s rating of at least A- and/or Moodys’ rating agency with a rating of at least A3.
  

•   Provide Certificate of Insurance to Importer when requested and notify Importer of any
material changes affecting this agreement.

  

	11.	 Warranty 

  

	 	11.1.	 Importer acknowledges that it purchases Polestar Vehicles pursuant to this Importer Agreement without Base
Warranty, Extended Service Plan (ESP) and Goodwill (AWA) Warranty and will sell the Polestar Vehicles further on to Distributor under the same condition. 

  

	 	11.2.	 Seller acknowledges that it needs to provide Distributor directly with Field Service Action Warranty (Quality
campaigns) for the Polestar Vehicles and that any cost incurred by Importer will be compensated by Seller. 

  
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 PS22-019 
  

	12.	 Changes and improvements 

 

	 	12.1.	 Seller will have the right to make any changes in or improvements to Polestar Vehicles without incurring any
liability or obligations whatsoever and without being required to make any corresponding changes in or improvements to Polestar Vehicles previously manufactured or sold. Such change or improvement will not result in any price increase for already
ordered Polestar Vehicles. However, it is Seller’s responsibility that such changes or improvements are documented and approved by the appropriate authorities as may be required to ensure compliance with all applicable regulations for import
into the Territory. 

  

	13.	 Confidentiality 

 

	 	13.1.	 The Parties will take any and all necessary measures to comply with the security and confidentiality procedures
of the other Party. 

  

	 	13.2.	 All Confidential Information will only be used for the purposes comprised by the fulfilment of this Importer
Agreement. Each Party will keep in confidence any Confidential Information obtained in relation to this Importer Agreement and will not divulge the same to any Third Party, unless the exceptions specifically set forth below in this Section 13.2
below apply, in order to obtain patent protection or when approved by the other Party in writing, and with the exception of their own officers, employees, consultants or sub-contractors with a need to know as
to enable such personnel to perform their duties hereunder. This provision will not apply to Confidential Information which the receiving Party can demonstrate: 

 

	 	(a)	 was in the public domain other than by breach of this undertaking, or by another confidentiality undertaking;

  

	 	(b)	 was already in the possession of the receiving Party before its receipt from the disclosing Party;

  

	 	(c)	 is obtained from a Third Party who is free to divulge the same; 

 

	 	(d)	 is required to be disclosed by mandatory law, court order, lawful government action or applicable stock
exchange regulations; 

  

	 	(e)	 is reasonably necessary for either Party to utilize its rights and use of its intellectual property rights; or

  

	 	(f)	 is developed or created by one Party independently of the other, without any part thereof having been developed
or created with assistance or information received from the other Party. 

  

	 	13.3.	 The receiving Party will protect the disclosed Confidential Information by using the same degree of care, but
no less than a reasonable degree of care, as the receiving Parts uses to protect its own Confidential Information of similar nature, to prevent the dissemination to third parties or publication of the Confidential Information. Further, each Party
will ensure that its employees and consultants are bound by a similar duty of confidentiality and that any subcontractors taking part in the fulfilment of that Party’s obligations hereunder, enters into a confidentiality undertaking containing
in essence similar provisions as those set forth in this Section 13. 

  
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 PS22-019 
  

	 	13.4.	 Any tangible materials that disclose or embody Confidential Information should be marked by the disclosing
Party as “Confidential,” “Proprietary” or the substantial equivalent thereof. Confidential Information that is disclosed orally or visually will be identified by the disclosing Party as confidential at the time of disclosure,
with subsequent confirmation in writing within 30 days after disclosure. However, the lack of marking or subsequent confirmation that the disclosed information will be regarded as “Confidential”, “Proprietary” or the substantial
equivalent thereof does not disqualify the disclosed information from being classified as Confidential Information. 

  

	 	13.5.	 If any Party violates any of its obligations described in this Section 13, the violating Party will, upon
notification from the other Party, (i) immediately cease to proceed such harmful violation and take all actions needed to rectify said behavior and (ii) financially compensate for the harm suffered as determined by an federal or state
court pursuant to Section 26.6 below. All legal remedies (compensatory but not punitive in nature) according to law will apply. 

  

	 	13.6.	 This confidentiality provision will survive the expiration or termination of this Importer Agreement without
limitation in time. 

  

	14.	 Volvo brand name 

 

	 	14.1.	 For the sake of clarity, it is especially noted that this Importer Agreement does not include any right to use
the “Volvo” brand name, or Trademarks, or refer to “Volvo” in communications or official documents of whatever kind. The Parties acknowledge that the “Volvo” Trademarks as well as the “Volvo” name is owned by
Volvo Trademark Holding AB and that the right to use the name and the “Volvo” Trademarks is subject to a service agreement, which stipulates that the name, Trademarks and all thereto related Intellectual Property can only be used by Volvo
Car Corporation and its Affiliates in relation to Volvo products. 

  

	 	14.2.	 This means that this Importer Agreement does not include any rights to directly or indirectly use the
“Volvo” brand name or “Volvo” Trademarks, on or for any products or when marketing, promoting and/or selling such products, or in any other contacts with third parties, e.g. in presentations, business cards and correspondence.

  

	15.	 Polestar brand name. 

 

	 	15.1.	 This Importer Agreement includes the right to use the Polestar brand name or Trademarks, or refer to Polestar
for the limited purpose of what is needed to perform Importer’s obligations under this Importer Agreement. When using the Polestar Trademark or Polestar brand name Importer will comply with any instructions or guidelines provided by Seller. For
the avoidance of doubt, Importer’s right to use the Polestar brand name or Trademarks when performing its obligations does not constitute a right to use the Polestar brand name or Trademarks for any other activities under this Importer
Agreement. 

  
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 PS22-019 
  

	 	15.2.	 For the avoidance of doubt, this Importer Agreement does not include any other rights to directly or indirectly
use the Polestar brand name or Polestar Trademarks, on or for any products outside the scope of this Importer Agreement, or when marketing, promoting and/or selling such products, or in any other contacts with third parties, e.g. in presentations,
business cards and correspondence, unless with the prior written consent of Seller. 

  

	16.	 Infringement of intellectual property rights 

 

	 	16.1.	 Importer will without undue delay inform Seller of any infringement or suspected infringement in the Territory
of Seller’s intellectual property rights. 

  

	17.	 Force majeure 

 

	 	17.1.	 Neither Party will be responsible for delays, losses, or damages due to causes beyond the reasonable control of
the Party, including but not limited to industrial disputes, riots, mobs, fires, floods, wars, embargo; shortages of labour, power, fuel, means of transportation, or common lack of other necessities, whether relating to the Parties or their
subcontractors; government actions, changes in the law or regulations or orders issued by any government agency or otherwise. 

  

	18.	 Term and termination 

 

	 	18.1.	 Notwithstanding the date of signature, this Importer Agreement will be considered to have entered into effect
on 21 June 2022 and thus ratifies the terms and conditions under which the parties have already accepted and acted upon from the said date. This Importer Agreement will continue until 31 December 2023. 

 

	 	18.2.	 Either Party shall be entitled to terminate this Importer Agreement with immediate effect in the event:

  

	 	(a)	 the other Party commits a material breach of the terms of this Importer Agreement, which has not been remedied
within 30 days from written notice from the other Party to remedy such breach (if capable of being remedied); or 

  

	 	(b)	 if the other Party should become insolvent or enter into negotiations on composition with its creditors or a
petition in bankruptcy should be filed by it or it should make an assignment for the benefit of its creditors. 

  

	 	18.3.	 For avoidance of doubt, Importer not paying Seller for the Polestar Vehicles, without legitimate reasons for
withholding payment, shall be considered in material breach for the purpose of this Importer Agreement. 

  

	 	18.4.	 Seller or Importer may, by giving the other party at least a six (6) month prior written notice, terminate
this Importer Agreement at the end of the calendar year following the end of such notice period. 

  

	 	18.5.	 The party providing notice in accordance with Section 18.4 herein will not be required to provide reasons
for its decision to terminate this Importer Agreement. 

  
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 PS22-019 
  

	 	18.6.	 If notice has been given in accordance with Section 18.4 herein, this Importer Agreement will
automatically expire at the end of the calendar year following the relevant period, without any possibility of tacit renewal or the need for a court intervention. The party providing notice pursuant to Section 18.4 hereof will not for that
reason incur any liability including, without limitation, goodwill payments, indemnities for loss of profit or of clientele, or compensation for investments made. 

 

	 	18.7.	 In addition, either Party will have the right to terminate this Importer Agreement upon 30 days’ written
notice in the event of force majeure (as described in Section 17 above) which causes major disturbance, during more than 30 days, to the operative and/or financial conditions which this Importer Agreement is based on. 

 

	19.	 Effect of termination 

 

	 	19.1.	 Obligations concerning payments due and obligations expressly or by their nature intended to survive the
termination of this Importer Agreement, will so survive. 

  

	 	19.2.	 No compensation for goodwill or investments made by Importer can be claimed by reason of termination of this
Importer Agreement. 

  

	 	19.3.	 On termination of this Importer Agreement, Seller may repurchase at the price set between Importer and
Distributor any Polestar Vehicles owned by Importer. 

  

	 	19.4.	 Termination of this Importer Agreement will relieve the Parties of any other obligations or commitments it may
have to the other Party in any other agreement or understanding between the parties that is depending on the fulfillment of either Party’s obligations under this Importer Agreement. 

 

	 	19.5.	 Notwithstanding what is stated above in this Section 19, if this Importer Agreement is terminated or
expires pursuant to Section 18 above, Section 9 (Product liability and recalls), Section 13 (Confidentiality), Section 16 (Infringement of intellectual property rights), Section 25 (Governing law), Section 26 (Dispute
Resolution) as well as this Section 19, shall survive any termination or expiration and remain in force as between the Parties after such termination or expiration. 

 

	20.	 Amendments, Waiver, Severability 

 

	 	20.1.	 No amendment, supplement, or variation of this Importer Agreement will be binding unless agreed upon by the
Parties in writing. A waiver of any default is not a waiver of any later default and will not affect the validity of this Importer Agreement. Unenforceable terms of this Importer Agreement will be modified to reflect the Parties’ intention and
only to the extent necessary to make them enforceable. The other terms will remain in effect without change. 

  

	21.	 Entire agreement and conflicts 

 

	 	21.1.	 This Importer Agreement supersedes all previous representations, understandings or agreements, oral or written,
between the parties with respect to the subject matter hereof, and together with the agreements and documents contemplated hereby contains the entire understanding for the Parties as to the terms and conditions of their relationship.

  
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 PS22-019 
  

	22.	 Assignment 

  

	 	22.1.	 Neither Party may assign any of its rights or obligations under this Importer Agreement without the prior
written consent of the other Party. 

  

	23.	 Notices 

  

	 	23.1.	 Any formal notices under this Importer Agreement, including without limitation, notices of breach or
termination, required or otherwise given under this Importer Agreement will be given in writing. The notices must, as the case requires, be addressed to the party to be notified at the following addresses and/or appropriate email addresses:

 To Seller: 

Polestar Performance AB 

Attention: Legal Department 

Assar Gabrielssons Väg 9 

405 31 Gothenburg 
 Sweden 

E-mail address: legal@polestar.com 

To Importer: 
 Volvo Car USA LLC

 Attention: [***] 
 1800
Volvo Place 
 Mahwah, NJ 07430 

Email: [***]; 
 With a copy not
constituting notice to: 
 Volvo Car USA LLC 

Attention: [***] 
 Email: [***];
and 
 Volvo Car USA LLC 

Attention: [***] 
 Email: [***]

  

	24.	 Governance and governance forums 

 

	 	24.1.	 The Parties will act in good faith in all matters and will at all times
co-operate in respect of changes to this Importer Agreement as well as issues and/or disputes arising under this Importer Agreement. 

  
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	 	24.2.	 The governance and co-operation between the Parties in respect of this
Importer Agreement will primarily be administered on an operational level. In the event the Parties on an operational level cannot agree upon inter alia the prioritization of activities or other aspects relating to the
co-operation between the Parties, each Party will be entitled to escalate such issue to the Steering Committee (as defined below in this Section 24). 

 

	 	24.3.	 If the Steering Committee fails to agree upon a solution of the disagreement the relevant issue should be
escalated to the Strategic Board (as defined below in this Section 24) for decision. 

  

	 	24.4.	 Above the operational level, the next level of governance forum for handling the
co-operation between the Parties in various matters, handling management, prioritization of activities etc. under the Importer Agreement will be the “Steering Committee”, which regarding
cooperation between Seller and Importer is the so-called Volvo Polestar Business Steering Committee. The Steering Committee will be the first level of governance forum established by the Parties to which an
issue will be escalated if the Parties fail to agree upon a solution on the operational level. 

  

	 	24.5.	 The higher level of governance forum, to which an issue will be escalated if the Steering Committee fails to
agree upon a solution will be the “Strategic Board”, which regarding cooperation between Seller and Importer is the so-called Volvo Polestar Executive Alignment Meeting. The Strategic Board
will be the highest level of governance forum established by the Parties for handling the cooperation between them in respect of various matters. 

  

	25.	 Governing law 

 

	 	25.1.	 This Importer Agreement and all non-contractual obligations in
connection with this Importer Agreement will be governed by the substantive laws of the United States of America, to the extent that national law controls, and the State of New Jersey to the extent that local law controls, without giving regard to
its conflict of laws principles. 

  

	26.	 Dispute resolution 

 

	 	26.1.	 In case the Parties cannot agree on a joint solution for handling disagreements or disputes, a deadlock
situation will be deemed to have occurred and each Party will notify the other Party hereof by the means of a deadlock notice and simultaneously send a copy of the notice to the Steering Committee. Upon the receipt of such a deadlock notice, the
receiving Party will within ten days of receipt, prepare and circulate to the other Party a statement setting out its position on the matter in dispute and reasons for adopting such position, and simultaneously send a copy of its statement to the
Steering Committee. Each such statement will be considered by the next regular meeting held by the Steering Committee or in a forum meeting specifically called upon by either Party for the settlement of the issue. 

 

  
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	 	26.2.	 The members of the Steering Committee will use reasonable endeavors to resolve a deadlock situation in good
faith. As part thereof, the Steering Committee may request the Parties to in good faith develop and agree on a plan to resolve or address the breach, to be presented for the Steering Committee without undue delay. If the Steering Committee agrees
upon a resolution or disposition of the matter, the Parties will agree in writing on terms of such resolution or disposition and the Parties will procure that such resolution or disposition is fully and promptly carried into effect.

  

	 	26.3.	 If the Steering Committee cannot settle the deadlock within 30 days from the deadlock notice pursuant to the
section above, despite using reasonable endeavors to do so, such deadlock will be referred to the Strategic Board for decision. If no Steering Committee has been established between the Parties, the relevant issue will be referred to the Strategic
Board. Should the matter not have been resolved by the Strategic Board within 30 days counting from when the matter was referred to them, despite using reasonable endeavors to do so, the matter will be resolved in accordance with Section 26.6
below. 

  

	 	26.4.	 All notices and communications exchanged in the course of a deadlock resolution proceeding will be considered
Confidential Information of each Party and be subject to confidentiality undertaking. 

  

	 	26.5.	 Notwithstanding the above, the Parties agree that either Party may disregard the time frames set forth in this
Section 26 and apply shorter time frames and/or escalate an issue directly to the Strategic Board in the event the escalated issue is of an urgent character and where the applicable time frames set out above are not appropriate.

  

	 	26.6.	 Any unresolved dispute, controversy or claim arising out of or in connection with this Importer Agreement, or
the breach, termination or invalidity thereof, will be brought in the federal or state court of jurisdiction in New Jersey. 

  

	27.	 Invalidity 

  

	 	27.1.	 In the event that any section or provision of this Importer Agreement should, under any applicable legislation
or trade practice, be held to be illegal, null or void, such clause or provision will not affect the validity of the remaining sections of this Importer Agreement. In such cases, the parties will negotiate in order, if possible, to agree upon
wording which achieves the purpose sought to be achieved by the invalid section or provision and which complies with the legislation or trade practice concerned. 

 
  

[SIGNATURE PAGE FOLLOWS] 

  
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 PS22-019 
  

 This Importer Agreement has been signed electronically by both Parties. 

 

					
	POLESTAR PERFORMANCE AB	 		  	
			
	 /s/ Anna Rudensjö
	 		  	 /s/ Dennis Nobelius

	Name: Anna Rudensjö	 		  	Name: Dennis Nobelius
	Title: General Counsel	 		  	Title: COO
			
	VOLVO CAR USA LLC	 		  	
			
	 /s/ Oscar Bertilsson Olsborg
	 		  	 /s/ Anders Gustafsson

	Name: Oscar Bertilsson Olsborg	 		  	Name: Anders Gustafsson
	Title: CFO	 		  	Title: MD

  
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 PS22-019 
  

 Appendix A 

The Parties have agreed that all prices for Polestar Vehicles payable by Importer to Seller will be established on an arm’s length basis and should be
set in order for Importer to earn a full and complete compensation (the “Importer Profit”) consisting of (i) a compensation for the importation services provided by Importer (“Berry-Ratio Compensation”) , (ii)
a compensation for Carrying Cost (“Carrying Cost Compensation”), as well as (iii) an amount corresponding to USD [***] (“Fixed Fee Compensation”) multiplied by the number of Polestar Vehicles imported during
the time period. 
 The Berry-Ratio Compensation should be established according to what is set forth below: 

The Parties have agreed that the Barry-ratio Compensation should be established by applying the Transactional Net Margin Method (TNMM) and applying the Berry
Ratio achieved by comparable uncontrolled importer companies performing substantially the same functions and assuming substantially the same risks as are performed and assumed by Importer. 

The Berry Ratio Compensation shall, for the purpose of calculating the prices of Polestar Vehicles be computed as a
mark-up on the Value Adding Operating Expenses incurred by Importer. 
 For purposes of applying the TNMM, the
arm’s length Berry Ratio mark-up should be reviewed and agreed between the Parties on a yearly basis. The arm’s length Berry Ratio mark-up applied should be in
line with the latest Comparable Study/Benchmarks. 
 For this purpose, the term “Value-Adding Operating Expenses” shall include only those
operating expenses incurred by Importer for value-adding functions performed by Importer and shall not include expenses for cost of goods sold, advertising, sales incentives, promotion, product warranty, or product liability. Expenses that Importer
incurs in implementing or administering these programs, however, are included in Value-Adding Operating Expenses. 
 The Carrying Cost Compensation should
be established according to what is set forth below: 
 The Carrying Cost Compensation shall be calculated as the product of (i) the arm’s length
interest rate and (ii) the average annual value of Importer’s trade accounts receivable plus inventory minus trade accounts payable. 
 For the
purpose of calculating the Carrying Cost Compensation the arm ́s length interest rate should be reviewed and agreed between the Parties on a yearly basis. The arm’s length Interest rate applied should be in line with the latest Comparable
Study/Benchmarks. 
 Initial transfer prices 
 The
initial transfer prices shall be mutually agreed on and based upon: 
  

	 	•	 	 Target unit sales volumes and expected resale prices for Polestar Vehicles to be made and received by Importer
during a calendar year, with respect to sales to the Distributor 

  
 15 | Page 

 PS22-019 
  

	 	•	 	 Budgeted expenses or refunds to be incurred by Importer for any activity, action or event related to the import,
purchase and resale of the Polestar Vehicles during the calendar year, 

  

	 	•	 	 Budgeted Value-Adding Operating Expenses to be incurred by Importer for the purpose of import of Polestar
Vehicles and sales to the Distributor, 

  

	 	•	 	 A Comparable Berry-Ratio mark-up, as determined as set forth above, on
budgeted Value-Adding Operating Expenses, and 

  

	 	•	 	 A return on Importer’s average level of Net Operating Assets (“Carrying Costs Compensation”).

  

	 	•	 	 A fixed fee compensation [***] USD multiplied by the number of Polestar Vehicles forecasted to be imported the
calendar year. 

 When setting the initial Transfer Price the custom (legal) requirements should be considered. For the purpose of
assessing of the initial transfer price is in fulfillment of the custom (legal) requirements Seller and Importer shall apply the same method being used for Importer’s import of other vehicles. 

Evaluating and adjusting transfer prices 
 On a monthly
basis, the full and total compensation (importation compensation plus Carrying Cost Compensation) incurred by Importer with respect to its importation of Polestar Vehicles from Seller and Seller’s Affiliates during the calendar year shall be
determined. 
 If the aggregated actual Importer Profit is greater than the sum of the Berry-Ratio Compensation, the Carrying Cost Compensation and the
Fixed Fee Compensation calculated according to what is set forth above, there shall be deemed to exist an excess in the amount of Importer’s operating profit (hereinafter an “Excess”). 

If the aggregated actual Importer Profit is less than the sum of the Berry-Ratio Compensation, the Carrying-Cost compensation and the Fixed Fee Compensation
calculated according to what is set forth above, there shall be deemed to exist a shortfall in the amount of Importer’s operating profit (hereinafter a “Shortfall”). 

In the event of any Excess, there shall be a possibility to pay such Excess to Seller as an additional purchase price for the Polestar Vehicles purchased from
Seller or Seller’s Affiliates during the calendar year to which the Excess relates. In the event of any Shortfall, Seller shall have the possibility to pay such Shortfall to Importer as a rebate of the transfer prices paid for the
Polestar Vehicles purchased from Seller or Seller’s Affiliates during the calendar year to which the Shortfall relates. 
 Any adjustments resulting
from the preceding paragraph shall be settled by way of credit or debit notes issued by Seller within 30 days of the determination of the amounts thereof. Any sums due are payable on standard intercompany terms, less payments, if any, on account of
additional purchase price adjustments made or received during the year. 

  
 16 | PageEX-4.94

 Exhibit 4.94 

Polestar Automotive Holding UK PLC 

Suite 1, 3rd Floor 11 - 12 
 St
James’s Square 
 London, United Kingdom, SW1Y 4LB 

[Name of director] 
 [Address of director] 

_____________ 2022 
 Dear [•], 

Letter of Appointment as Non-Executive Director of Polestar Automotive Holding UK PLC 

We are writing to set out the terms of the agreement which we have reached in relation to your appointment as a
non-executive director of Polestar Automotive Holding UK Plc (the “Company”) (this “Agreement”). 
  

	1.	 APPOINTMENT 

  

	1.1	 Your appointment as a non-executive director of the Company’s
board (the “Board”) [shall take effect from closing of the business combination agreement entered into between the Company, Polestar Automotive Holding Limited, PAH UK Merger Sub Inc., Polestar Automotive (Singapore) Pte. Ltd.,
Polestar Holding, AB and Gores Guggenheim, Inc. on 17 September 2021 / took effect from [•]] (the “Commencement Date”), [and you shall be an “Independent Director” for the purposes of the articles of association
of the Company in effect from time to time (the “Articles”)]1 

  

	1.2	 Your appointment is subject to the [articles of association of the Company in effect from time to time (the
“Articles”)2 / Articles]. Nothing in this Agreement shall be taken to exclude or vary the Articles as they apply to you as a director of the Company. 

 

	2.	 TERM 

  

	2.1	 You shall be designated as a [Class I / Class II / Class III]
non-executive director in accordance with the Articles. Accordingly, the initial term of your appointment shall be [one year / two years / three years] and you shall be required to retire from office at the
[first / second / third] annual general meeting of the Company unless you are re-appointed as an executive director in accordance with the Articles. 

 

	3.	 TIME COMMITMENT 

 

	3.1	 You will be expected to devote to this appointment such time as is necessary for the proper performance of your
duties. This will include preparation for and attendance at meetings of the Board and service on certain of the committees of the Board as required from time to time. Given the nature of your role, it may be necessary to devote additional time to
the Company in respect of preparation time and ad hoc matters which may arise, in particular, where the Company is undergoing a period of increased activity. Further Board meetings may have to be called at short notice to discuss particular
issues and you will be given notice of such meetings in accordance with the terms of the Articles. 

  

	1 	 Note to Draft: Reference to Independent Director to be removed if not relevant. 

	2 	 Note to Draft: Insert this definition here and delete “Articles” if the last part of clause
1.1 regarding “Independent Director” is deleted. 

	3.2	 By accepting this appointment, you confirm that you are able to allocate sufficient time to meet the
expectations of your role and that you are not subject to any restrictions that would prevent you from taking the role. 

  

	4.	 ROLE AND DUTIES 

 

	4.1	 As a non-executive director, you shall have the same legal
responsibilities to the Company as any other director. You will be expected to perform your duties, whether statutory, fiduciary or common-law, faithfully, efficiently and diligently to a standard commensurate
with both the functions of your role and your knowledge, skills and experience, and with regard to relevant obligations under all prevailing applicable law and regulation, the Articles and any code of conduct relating to the directors adopted by the
Company from time to time. In particular, you shall have specific regard to the duty to promote the success of the Company (or the relevant Group Company) under which all directors must act in the way they consider, in good faith, would be most
likely to promote the success of the Company (or the relevant Group Company) for the benefit of its members as a whole. 

  

	4.2	 You will be required to exercise relevant powers under, and abide by, the Articles. 

 

	4.3	 This is a letter of appointment as a director of the Company and not a contract of employment. You are not an
employee of the Company. You are solely responsible for all duties of an independent contractor which result from performing your tasks under this Agreement, as well as the satisfaction of any regulatory requirements relating to your appointment and
holding of office pursuant to this Agreement. 

  

	4.4	 You hereby irrevocably and unconditionally waive the right to make any employment or worker related claim or
any claim based on employee or worker status (including reasonable costs and expenses) against the Company, and undertake to the Company that you shall not at any time seek to bring any such claim. 

 

	5.	 FEES AND EXPENSES 

 

	5.1	 This Agreement sets out the only payments and non-cash benefits you
will receive for performing your duties herein. Accordingly, no other cash remuneration or benefits will be provided for your role as an Independent Director and, in particular, you will not be entitled to participate in any of the Company’s
remuneration or benefit programmes, arrangements, schemes or plans. 

  

	5.2	 From the date of your appointment as a non-executive director of the
Company, the annual fee for your appointment (for so long as you are appointed and remain appointed): 

  

	 	(a)	 as non-executive director of the Company will be USD 200,000 gross per
annum (the “NED Fee”); 

	 	(b)	 [as chair of the Audit Committee will be USD 20,000 gross per annum or as a regular member of such committee
will be USD 10,000 gross per annum (the “Audit Committee Fee”);] 

  

	 	(c)	 [as chair of the Nominating and Governance Committee will be USD 20,000 gross per annum or as a regular member
of such committee will be USD 10,000 gross per annum (the “Nominating and Governance Committee Fee”);] 

  

	 	(d)	 [as chair of the Compensation Committee will be USD 20,000 gross per annum or as a regular member of such
committee will be USD 10,000 gross per annum (the “Compensation Committee Fee”),] 

 (the [Audit Committee
Fee / Nominating and Governance Committee Fee / Compensation Committee Fee] together, the “Committee Fee”), 
 with the NED
Fee and the Committee Fee to be paid bi-annually in arrears (subject to applicable deductions and/or withholdings required by applicable law in relation to any payments and benefits under this Agreement)
(respectively, the “Net NED Fee” and “Net Committee Fee”) and shall accrue from the Commencement Date, provided that on the relevant payment date: 

 

	 	(e)	 the Company shall pay you 50% of the Net NED Fee; and 

 

	 	(f)	 in respect of the remaining 50% of the Net NED Fee (“Net NED Fee Balance”), you hereby direct
the Company on your behalf, to purchase the maximum number of shares in the Company as may be purchased in the market at the prevailing rate by applying the Net NED Fee Balance (the “NED Fee Shares”). The NED Fee Shares shall be
delivered by the Company in the form of American Depositary Shares (“ADSs”) representing the NED Fee Shares to the extent (i) an ADS program has been established and is operating for the Consideration Shares, and (ii) such
delivery of ADSs is not in violation of applicable law or the terms of the applicable ADS deposit agreement. Such purchase shall take place as soon as reasonably practicable following the relevant payment date, subject to any securities or other
laws or Company policies which may be applicable in respect of such purchase. To the extent that the aggregate purchase price of the NED Fee Shares is less than the Net NED Fee Balance, the Company shall pay you the difference in cash.

  

	5.3	 You hereby acknowledge and agree that: 

 

	 	(a)	 it is expected that you shall hold the NED Fee Shares for the duration of your appointment as a non-executive director of the Board; and 

  

	 	(b)	 you are required to comply with the provisions of the Company’s Insider Trading Policy in relation to
dealing in the Company’s publicly traded or quoted securities (including, for the avoidance of doubt, the NED Fee Shares), and any such other code or policy as the Board may adopt from time to time which sets out the terms for dealings by
directors in the Company’s publicly traded or quoted securities. 

	5.4	 The Company will procure that you are reimbursed for all reasonable and properly documented expenses you incur
in performing the duties of your office. 

  

	5.5	 You will have no fixed place where to perform your services but will be expected to conduct your role from
locations including any business office of the Company, advisors’ offices and your home. You shall be solely responsible for any costs, expenses, obligations and liabilities arising in relation to your working at home, and shall ensure that any
relevant insurances are in place. 

  

	5.6	 Other than as set out in paragraph 6 below, you will not be eligible to receive any other benefits.

  

	5.7	 On termination of your appointment, you shall only be entitled to such NED Fees as may have accrued to the date
of termination, together with reimbursement of any expenses properly incurred before that date. 

  

	6.	 CAR 

  

	6.1	 Provided that you hold a current full driving licence, the Company will supply you with a Polestar car of such
make, model and value as it determines for your business and private use (“Car”). The Company shall replace the Car at such times as decided by the Board from time to time. The Company may, at its discretion, permit the personal use
of the car by your spouse or civil partner. 

  

	6.2	 The Company shall be responsible for payment of insurance, road tax, maintenance and repair in connection with
the Car and you shall bear the cost of charging incurred during business and private mileage. You shall be responsible for any income, benefit, or social taxes relating to the provision of the Car. 

 

	6.3	 You shall: 

  

	 	(a)	 take good care of the Car and ensure that the provisions of the Company’s Car policy as amended from time
to time and any policy of insurance relating to the Car are observed; 

  

	 	(b)	 pay all expenses directly connected with your and your spouse’s or civil partner’s private use of the
Car; 

  

	 	(c)	 be responsible for payment of all fines incurred for traffic offences and parking fines; 

 

	 	(d)	 notify us immediately of any accidents involving the Car (whether or not these take place while you are on
business); and 

  

	 	(e)	 immediately inform us if you are convicted of a driving offence or disqualified from driving.

  

	6.4	 The Company shall have the right to reclaim the Car if you are convicted of a driving offence or disqualified
from driving. 

	6.5	 In the event that you resign from or are removed from the Board, you will no longer be entitled to receive the
Car and you will be required to return the Car to the Company as soon as possible and in good working order and repair. 

  

	7.	 INDEPENDENCE AND OUTSIDE INTERESTS 

 

	8.	 You acknowledge that you do not have any current outside interests or connections that conflict with
your appointment to the Company. In the event that you become aware of any potential or actual conflicts of interest, these should be disclosed to the rest of the Board as soon as they become apparent and the agreement of the Board may have to be
sought. In addition, during the term of your appointment, you undertake not to become involved (in any capacity and whether directly or indirectly) in any business or enterprise which might reasonably be considered to compete with the Company,
without the prior written approval of the Board. 

  

	9.	 CONFIDENTIALITY 

 

	9.1	 You acknowledge that all information acquired during your appointment is confidential to the Company (or
applicable Group Company) and should not be released, communicated, nor disclosed either during your appointment or following termination (by whatever means), to third parties without prior clearance from the rest of the Board. You shall not use
Confidential Information for your own purposes or for any purposes other than those of the Company or any Group Company, and you shall not through any failure to exercise due care and diligence, permit or cause any unauthorised disclosure of such
confidential information. 

  

	9.2	 This restriction shall cease to apply to: (a) any Confidential Information which may (other than by reason
of your breach) become available to the public generally; and (b) any use or disclosure authorised by the Company. 

  

	10.	 TERMINATION 

  

	10.1	 Unless otherwise terminated earlier in accordance with the terms of this Agreement, the Articles or applicable
law, you can terminate the appointment under this Agreement at any time by providing the Company with one month’s prior written notice. 

  

	10.2	 Notwithstanding the foregoing, the Company may, in its sole and absolute discretion, terminate your appointment
with immediate effect if you: 

  

	 	(a)	 commit a breach of your material obligations under this Agreement; or 

 

	 	(b)	 commit any serious or repeated breach or non-observance of your
material obligations to the Company (which include an obligation not to breach your duties to the Company, whether statutory, fiduciary or common-law); or 

 

	 	(c)	 are found guilty of any fraud or dishonesty offence or act in a manner which, in the opinion of the Company
acting reasonably, brings or is reasonably likely to bring you or the Company into material disrepute or is materially adverse to the interests of the Company; or 

	 	(d)	 have been convicted of a criminal offence whether or not a custodial sentence is imposed (other than a road
traffic offence for which a fine or non-custodial penalty is imposed); or 

  

	 	(e)	 are declared bankrupt; or 

 

	 	(f)	 are disqualified from acting as a director in any jurisdiction; or 

 

	 	(g)	 have committed a knowing breach of the Relevant Requirements (as defined below). 

 

	10.3	 Notwithstanding the above, this Agreement will terminate with immediate effect and without payment of any
damages or otherwise, if you are removed as a member of the Board under the Articles or applicable law. 

  

	11.	 COMPLIANCE 

  

	11.1	 In carrying out your role, you shall: 

 

	 	(a)	 comply with the Company’s policies and procedures in effect, and as updated, from time to time and all
applicable laws, regulations, sanctions and codes, in each case, relating to anti-bribery and corruption (“Relevant Requirements”); 

  

	 	(b)	 undertake not to: 

  

	 	(i)	 offer, promise or give any financial or other advantage or thing of value, to any person with the intention of
influencing a person (who need not be the recipient of the advantage) to perform his or her function improperly, or where the acceptance of such advantage would itself be, or might be seen to be, improper; 

 

	 	(ii)	 request, agree to receive or accept any financial or other advantage or thing of value, where such would be
improper or likely to influence the recipient in the performance of his or her role; or 

  

	 	(iii)	 offer, promise or give, any financial or other advantage or thing of value, directly or indirectly, to a public
official (including any officers, employees or other persons acting in an official capacity for or on behalf of any governmental agency or state-owned, or partially state owned, entity, or public organisations, in any jurisdiction), or to any other
person at the request of, or with the acquiescence of, such a public official, with the intention of influencing that official in the performance of his or her public functions in violation of Relevant Requirements; 

 

	 	(c)	 undertake not to accept payments, gifts or hospitality during any commercial negotiations, if this could be
perceived as intended or likely to influence the outcome of the commercial negotiations; 

  

	 	(d)	 comply with all applicable UK, EU and non-EU laws, regulations and
codes relating to economic sanctions; 

	 	(e)	 disclose any direct or indirect interest which you may have in any matter being considered at a Board meeting
or committee meeting and, save as permitted under the Articles, you will not vote on any resolution of the Board, or of one of its committees, on any matter where you have any direct or indirect interest; 

 

	 	(f)	 as soon as reasonably practicable, report to the rest of the Board the wrongdoing or proposed wrongdoing of any
employee or director of which you become aware; and 

  

	 	(g)	 unless specifically authorised to do so by the Board, you will not enter into any legal or other commitment or
contract on behalf of the Company (or the relevant Group Company). 

  

	12.	 RESIGNATION OF OFFICE 

Upon termination of your appointment or if notice to terminate your appointment has been given, at the request of the Company, you will resign
forthwith (or you may be removed by the relevant company or company’s shareholder(s)) from your office as a director of the Company and from all offices held by you in any Group Company and from all other appointments or offices which you hold
as nominee or representative for the Company or any Group Company. 
  

	13.	 INSURANCE AND INDEMNITY 

The Company shall arrange directors’ and officers’ liability insurance and shall maintain such cover for your benefit for the full
term of your appointment. You shall be responsible for ensuring compliance with any conditions relating to your own conduct in order to maintain its validity. 
  

	14.	 CHANGES TO PERSONAL DETAILS 

You shall advise the Company promptly of any change in address or other personal contact details. 

 

	15.	 INTELLECTUAL PROPERTY 

 

	15.1	 During the term of your engagement with the Company and thereafter, you shall fully disclose in writing to the
Company, promptly upon becoming aware of their creation, any and all existing and future right, title and interest in and to all Intellectual Property Rights in any jurisdiction, that you author, create, conceive, develop or invent (either
individually or jointly with others) as a result of your engagement with the Company, whether or not created or developed during working hours or using any Company’s premises or resources (“Developed IP”).

  

	15.2	 You warrant to the Company that: (i) you have not given and will not give permission to any third party to
use any of the Developed IP; (ii) you are unaware of any use by any third party of any of the Developed IP; and (iii) the use of the Developed IP by the Company will not infringe the rights of any third party. 

	15.3	 You hereby: (i) irrevocably assign all of your existing and future right, title and interest in the
Developed IP to the Company; (ii) to the fullest extent permissible by law, irrevocably waive any moral rights (or equivalent rights anywhere in the world) that you may have (or in the future have) in the Developed IP; and (iii) undertake
not to register nor attempt to register any of the Developed IP, unless requested to do so by the Company. Notwithstanding the foregoing, in the event that any Developed IP does not vest in the Company pursuant this paragraph 14.3, until such
assignment can take place, you shall hold legal title in the Developed IP on trust for the Company, and you shall, at the Company’s expense, do all such things and execute all such documents, as the Company requires, to vest the Developed IP in
the Company and/or otherwise defend or maintain the Developed IP. 

  

	15.4	 By signing this letter, you irrevocably appoint the Company to be your attorney in your name and on your behalf
to execute documents, use your name and do all things which are necessary or desirable for the Company to obtain for itself or its nominee the full benefit of this paragraph 14. 

 

	15.5	 To the fullest extent permitted by law, you hereby waive any and all moral rights arising by virtue of Chapter
IV of Part I of the Copyright Designs and Patents Act 1988 (or any equivalent laws anywhere in the world) in respect of any existing or future works created by you in the course of or in connection with performing your duties hereunder.

  

	16.	 DATA PROTECTION 

 

	16.1	 You shall comply with the Company’s data protection and IT security policies (copies of which shall be
made available to you), including when handling any personal data in the course of your appointment including personal data relating to any employee, worker, contractor, customer, client, supplier or agent of the Company. 

 

	16.2	 You acknowledge that the Company will from time to time process data (including personal data) that relates to
you for the purposes of the administration and management of the Company’s employees and/or directors (as applicable) and its business, for compliance with applicable procedures, laws and regulations, and for other legitimate purposes. The
legal bases for the aforementioned processing are the performance of this Agreement and the Company’s legitimate interests. You consent to the transfer of such personal information to other offices the Company may have or to a Group Company or
to other third parties, whether or not outside the European Economic Area, for administration purposes and other purposes in connection with your appointment, where it is necessary or desirable for the Company to do so. 

 

	17.	 RIGHTS OF THIRD PARTIES 

 

	17.1	 A person who is not a party to this Agreement shall have no rights under the Contracts (Rights of Third
Parties) Act 1999 to rely upon or enforce any term of this Agreement. 

  

	18.	 GOVERNING LAW 

 

	18.1	 This Agreement and any non-contractual obligations arising out of or in
connection with it (including any non-contractual obligations arising out of the negotiation of the transaction contemplated by this Agreement) are governed by and shall be construed in accordance with the
laws of England and Wales. 

	18.2	 The parties irrevocably agree that the courts of England shall have exclusive jurisdiction to settle any
dispute or claim that arises out of or in connection with this Agreement (including a dispute relating to any non-contractual obligation arising out of or in connection with either this Agreement or the
negotiation of the transaction contemplated by this Agreement). 

  

	18.3	 This Agreement constitutes the entire terms and conditions of your appointment. 

 

	19.	 OTHER 

  

	19.1	 No variation or modification of this Agreement shall be effective unless it is in writing and signed by you and
the Company. 

  

	19.2	 This Agreement may be executed in any number of counterparts and by the parties on different counterparts, but
shall not be effective until each party has executed at least one counterpart. Each counterpart shall be deemed an original, but all the counterparts shall together constitute one and the same agreement. 

 

	20.	 DEFINITIONS 

For the purposes of this Agreement: 
 “Confidential
Information” means information relating to the business, products, services, affairs and finances of the Company for the time being confidential to it or to them and trade secrets (including, without limitation, technical data and know-how) relating to the business of the Company or of any of its or their suppliers, clients or customers. 

“Group Company” shall mean any undertaking which from time to time is a subsidiary or parent undertaking of the Company or a subsidiary
undertaking of any such parent undertaking. The words “subsidiary undertaking” and “parent undertaking” will have the meanings attributed to them by the Companies Act 2006. 

“Intellectual Property Rights” means trade marks, services marks, rights in trade names, business names and
get-up, logos, rights in goodwill or to sue for passing off or unfair competition, patents, rights in inventions, design rights, copyrights and related rights, database rights, rights in domain names and URLs,
rights in confidential information (including know-how and trade secrets), and all other intellectual property rights or similar rights in any part of the world, in each case, whether such rights are
registered or unregistered and including rights to apply for such registrations, which may now or in the future subsist. 
 EXECUTION PAGE 

Executed and delivered as a deed by the parties or their duly authorised representatives on the date of Agreement. 

 

							
	EXECUTED as a DEED by	  	)	 		  	
	POLESTAR AUTOMOTIVE	  	)	 		  	
	HOLDING UK PLC 
	  	)	 		  	
	and signed on its behalf by:	  		 	  
	  	
		  		 	Director	  	

					
	in the presence of:	  		  	
			
	Witness name:	  	  
	  	
			
	Witness address:	  	  
	  	
			
	Witness occupation:	  	  
	  	

							
	EXECUTED as a DEED by	  	)	  		  	
	[•]	  	)	  	  
	  	
				
	in the presence of:	  		  		  	
				
	Witness name:	  		  	  
	  	
				
	Witness address:	  		  	  
	  	
				
	Witness occupation:	  		  	  
	  	

  
 [Signature page of the
NED appointment letter]

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