Document:

EX-10.91

 Exhibit 10.91 

Execution copy 
 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. 
  

                          
           
 Research and Development Frame Agreement 

 Execution copy 
  

 TABLE OF CONTENTS 

 

									
	 I.
	 	PARTIES	  	 	4	 
			
	 II.
	 	RECITALS	  	 	4	 
			
	 III.
	 	COVENANTS	  	 	5	 
			
	 1
	 	APPOINTMENT	  	 	5	 
			
	 2
	 	R&D ACTIVITIES	  	 	5	 
			
	 3
	 	DELIVERY TO COMPANY	  	 	6	 
			
	 4
	 	RELATIONSHIP BETWEEN THE PARTIES	  	 	6	 
			
	 5
	 	LICENSE IN COMPANY BACKGROUND IP	  	 	7	 
			
	 6
	 	RIGHTS IN WORK PRODUCTS AND ASSIGNMENT OF INTELLECTUAL PROPERTY RIGHTS	  	 	7	 
			
	 7
	 	OWNERSHIP OF AND LICENSE IN DEVELOPER BACKGROUND IP	  	 	8	 
			
	 8
	 	BRAND NAME	  	 	8	 
			
		 	 8.1  Polestar brand name
	  	 	8	 
			
		 	 8.2  CEVT brand name
	  	 	9	 
			
	 9
	 	SUB-CONTRACTING	  	 	9	 
			
	 10
	 	VALIDITY – EFFECTIVE DATE	  	 	9	 
			
	 11
	 	OBLIGATIONS OF THE PARTIES	  	 	10	 
			
		 	 11.1  Assistance to Developer
	  	 	10	 
			
		 	 11.2  Adequacy
	  	 	10	 
			
		 	 11.3  Obligations of Developer
	  	 	10	 
			
		 	 11.4  Obligations of Company
	  	 	10	 
			
	 12
	 	CONSIDERATION	  	 	10	 
			
		 	 12.1  R&D Fee
	  	 	10	 
			
		 	 12.2  Hourly Rates
	  	 	10	 
			
		 	 12.3  Taxes
	  	 	11	 
			
		 	 12.4  Invoicing and Payment of the R&D Fee
	  	 	11	 
			
		 	 12.5  Record Keeping
	  	 	12	 
			
		 	 12.6  Audit
	  	 	12	 
			
		 	 12.7  Transferability
	  	 	12	 
			
	 13
	 	TRADE SECRETS AND CONFIDENTIALITY	  	 	12	 
			
	 14
	 	REPRESENTATION AND WARRANTIES	  	 	13	 
			
		 	 14.1  Company’s Representations and Warranties
	  	 	13	 
			
		 	 14.2  Developer’s Representations and Warranties
	  	 	13	 

 Execution copy 
  

									
	 15
	 	LIMITATION OF LIABILITY	  	 	13	 
			
		 	 15.1  Responsibility/Liability
	  	 	13	 
			
	 16
	 	TERMINATION	  	 	14	 
			
		 	 16.1  Ordinary Termination
	  	 	14	 
			
		 	 16.2  Extraordinary Termination
	  	 	14	 
			
	 17
	 	OBLIGATIONS ON TERMINATION	  	 	14	 
			
	 18
	 	ENTIRE AGREEMENT	  	 	15	 
			
	 19
	 	SEVERABILITY	  	 	15	 
			
	 20
	 	OTHER CONTRACTUAL RELATIONSHIPS BETWEEN THE PARTIES	  	 	15	 
			
	 21
	 	SUCCESSOR AND ASSIGNEES	  	 	16	 
			
	 22
	 	COSTS	  	 	16	 
			
	 23
	 	FORCE MAJEURE	  	 	16	 
			
	 24
	 	NON-WAIVER AND CUMULATIVE RIGHTS	  	 	16	 
			
	 25
	 	NOTICES	  	 	17	 
			
	 26
	 	APPLICABLE LAW	  	 	17	 
			
	 27
	 	DISPUTE RESULUTION	  	 	17	 
			
	 28
	 	SIGNING OF THIS AGREEMENT	  	 	17	 
			
	 29
	 	FURTHER ASSURANCES	  	 	17	 
			
	 30
	 	APPENDICES	  	 	18	 
		
	 APPENDIX A – WORK ASSIGNMENT SHEET TEMPLATE
	  	 	20	 
		
	 APPENDIX B – NON DISCLOSURE AGREEMENT (NDA)
	  	 	24	 

 

 
  

 I. PARTIES 

On one side 
 Polestar Performance AB, a limited
liability company incorporated and registered under the laws of Sweden, with its reg. no 556653-3096 and having its registered address at Assar Gabrielssons väg 9, 405 31 Göteborg, Sweden. 

(hereinafter referred to as “Company”). 

and on the other side 
 China Euro Vehicle Technology AB,
a company duly incorporated and existing under the laws of Sweden, with registered offices at Pumpgatan 1, SE-417 55 Göteborg, Sweden with the Reg. No. 556922-7639. 

(hereinafter referred to as “Developer”), 

Company and Developer hereinafter jointly referred to as “Parties” and individually as “Party”. 

II. RECITALS 
 WHEREAS, Developer
belongs to a multinational group of companies (hereinafter the “Geely Group”), which is operative in the development, manufacturing and distribution of automotive goods such as passenger cars, auto components and parts and
service parts (hereinafter the “Products”). 
 WHEREAS, Developer has available facilities, skills, material and human resources as
well as capacity for conducting activities of research and development in connection with the Products. 
 WHEREAS, Company is in the business of
developing, producing and distributing premium electrical automotive vehicles. Company is a related party to Developer. 
 WHEREAS,
Developer is prepared to render to Company research and development services in connection with the Products for Company’s account, and Company is interested in being provided such services in the area of research and development related to the
Products. 
 NOW THEREFORE, in consideration of the mutual covenants and agreements hereinafter contained, the Parties covenant
and agree each with the other to enter into this Research and Development Agreement (hereinafter, this “Agreement”), which shall be governed by the following: 

  
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 III. COVENANTS 

1 APPOINTMENT 
 Company hereby appoints Developer, and
Developer hereby accepts such appointment, to perform research and development activities in connection with the Products for Company (hereinafter referred to as the “R&D Activities”). 

The appointment made herein shall be governed by the terms and conditions set forth in this Agreement. 

2 R&D ACTIVITIES 
 2.1 The R&D
Activities 
 The R&D Activities shall be all activities tending to the research and development of the Products and any other auxiliary products,
including but not limited to consulting in terms of project management or other administrative and/ or organizational matters related to Research and Development, which shall be provided by Developer as a service to Company under this Agreement.

 To initiate a R&D Activity under this Agreement, Company shall submit a request to Developer according to the established request process between the
Parties, and Developer shall within reasonable time answer to such request. Any by Developer accepted requests shall be quoted to Company via the Work Assignment Sheet (defined below). 

2.2 Work Assignments 
 For the performance of the
R&D Activities under this Agreement the Parties will agree on individual work assignment for each single project specifying, inter alia, the scope and technical content of the respective R&D Activity to be performed, the Company’s
objectives and the estimated fees to be paid (the “Work Assignment Sheets” or “WAS”) substantially in the form set out in Appendix A. Such WAS shall be binding upon the Parties. 

2.3 Requirements 
 Developer shall use its best
endeavours, with professional, skilled and reasonably experienced personnel, to perform the R&D Activities and develop the Products or provide the services. Developer agrees that it will at all times adhere to the guidance of Company regarding
the R&D Activities and in particular to the guidelines provided by the Company for the respective R&D Activities set out in each respective WAS. 

  
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 Developer acknowledges that time is of essence and Developer agrees to respect and adhere to the deadlines
set out in the WAS, such as time limits, milestones and gates. In the event Developer risks not to meet an agreed deadline or is otherwise in delay with the performance of the R&D Activities, Developer shall appoint additional resources in order
to avoid the effects of the anticipated delay or the delay (as the case may be). 
 2.4 Change Management 

The Parties acknowledge and agree that it may be necessary to make changes to an agreed WAS due to changed technical requirements or other similar reasons.
Minor changes are to be agreed in simple text form – e.g., e-mail in between the Parties. Any material changes – having an impact on the estimated R&D Fee or the delivery times agreed under the
relevant WAS are subject to a formal request in writing between the Parties. After such formal request for change the Parties shall agree on any updates to the WAS- to be signed by authorised representatives
in order to be binding on the Parties. 
 3 DELIVERY TO COMPANY 

The deliverable(s) of the services may be work products, including but not limited to presentations, 3D data, CAE models, 2D and other drawings, simulation
reports, test reports, calculation and analysis reports, prototypes, procedures, software, meeting minutes, technical documents, quality documents, graphics, designs, diagrams, pictures, texts, configurations, ideas, flowcharts, layouts, databases,
source code, object code, algorithms, inventions, developments, manuals, formulae, research, marketing material and documentation, created by Developer as a result of or in connection with providing the R&D Activities (“Work Product”)

 Once a Work Product (as defined above) has been finalized, Developer will inform Company of the respective Work Product and hand over to Company the
respective Work Product, either in writing, electronically and/or verbally, at Company’s entire and sole discretion. 
 Unless otherwise directed by
Company or set out in the relevant WAS, upon the completion of the R&D Activities or the termination of this Agreement, whichever occurs earlier, Developer shall immediately hand over to Company all Work Products, either in writing,
electronically and/or verbally, at Company’s entire and sole discretion. 
 4 RELATIONSHIP BETWEEN THE PARTIES 

Developer will act as an independent contractor under the terms of this Agreement and not as a legal representative of Company for any purpose whatsoever.
Nothing in this Agreement shall be construed: (i) to give either Party the power to direct or control the daily activities of the other Party, or (ii) to constitute the Parties as principal and agent, employer and employee, franchiser and
franchisee, partners, joint ventures, co-owners or otherwise as participants in a joint undertaking. 

  
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 5 LICENSE IN COMPANY BACKGROUND IP 

Company hereby grants to Developer a non-exclusive, royalty-free license in any intellectual property rights, other
than Foreground IP (defined below), held by Company (“Company Background IP”) only to the extent necessary and only for the purpose of providing the R&D Activities according to and/or performing the obligations under this
Agreement. This limitation of the scope of the license shall also apply to the use of the Company Background IP with regard to territory and time. Developer may not grant any sub-licenses or transfer the
aforementioned licence to any third party without Company’s prior written consent. 
 The aforementioned licence shall terminate automatically upon
completion of all R&D Activities or the termination of this Agreement, whichever occurs earlier. 
 Developer has none and does not acquire by means of
this Agreement or the performance of the R&D Activities or the obligations under this Agreement any right of ownership or title in or to the Company Background IP or any goodwill associated with the Company Background IP. 

6 RIGHTS IN WORK PRODUCTS AND ASSIGNMENT OF INTELLECTUAL PROPERTY RIGHTS 

Developer hereby assigns any and all intellectual property rights in and to the Work Products Foreground IP, including but not limited to copyrights and
ancillary rights, designs, patents, utility models, trade secret, know-how and similar exclusivity rights (together “Foreground IP”) to Company, including the right to alter and further transfer
according to section 7. Company herewith accepts this assignment. The assignment of each right will become effective once the respective right comes into existence. Company may, but is under no obligation to, file for protection of the IP Rights
anywhere in the world. 
 The Company has the right to use the Developers Background IP to the extent necessary for being able to use the Work Products, as
defined in section 7 below. 
 For each development projects the Parties will agree separately on the IP Rights. 

  
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 7 OWNERSHIP OF AND LICENSE IN DEVELOPER BACKGROUND IP 

7.1 Ownership 
 Developer retains all rights, title and interest
in any intellectual property rights which are owned or otherwise held by Developer prior to the Effective Date or developed outside and independently of the R&D Activities (“Developer Background IP”). 

7.2 License 
 Developer hereby grants to Company a non-exclusive, irrevocable, perpetual, (at least 50 years) worldwide, royalty-free, non-transferable (with the exception of Section 7.3),
non-sub-licensable (with the exceptions of Section 7.4) right to use the Developer Background IP to the extent necessary for being able to use the Work Products for
the intended application specified in the WAS of the subject R&D Activities. 
 7.3 Exception to
non-transferable 
 Notwithstanding Section 7.2, the Company may transfer the right to an Affiliate of the
Company after written notification to the Developer. 
 7.4 Exceptions to non-sublicensable 

Notwithstanding Section 7.2, the Company may use the Developer Background IP together with a supplier or third-party service provider in order to exercise
the right granted under section 6, but only for the intended application specified in the WAS of the subject R&D Activities. Further, the Company has the right to sublicense the Developer Background IP in order to have the Products
(incorporating the Work Products and the Developer Background IP) manufactured or assembled for the Company, or its Affiliates by a third party or contract manufacturer. Furthermore, Developer may grant, the Company a right to sub-license Developer Background IP related to the Work Product to third parties, other than Affiliates, on favorable terms and conditions to be specified in a separate license agreement. Such separate license
agreement should not be unreasonably withheld or denied by the Developer. 
 8 BRAND NAME 

8.1 Polestar brand name 
 This 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 a R&D Activity under this Agreement. When using the Polestar Trademark or Polestar brand name, Developer shall
comply with any instructions or guidelines provided by Company. For the avoidance of doubt, Developer’s right to use the Polestar brand name or Trademark when performing a specific R&D Activity does not constitute a right to use the
Polestar brand name or Trademarks for any other activities and or assignments for a third party outside this Agreement. 

  
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 For the avoidance of doubt, this 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 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 Company. 
 For the sake of clarity, “Trademark” 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. 

8.2 CEVT brand name 
 It is especially noted that
this Agreement does not include any right to use the CEVT brand name or Trademarks or refer to CEVT in communications or official documents of whatever kind. 

This means that this Agreement does not include any rights to directly or indirectly use the CEVT brand name or CEVT 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. 

The definition “Trademark” shall have the same meaning as stated above under section 8.1 Polestar brand name. 

9 SUB-CONTRACTING 

Developer shall have the right to sub-contract any of the R&D Activities to third parties provided that Developer
informs Company thereof or unless Company has clearly stated otherwise in the applicable WAS with an express reference to the relevant R&D Activities. 

Developer shall however remain responsible for the performance, and any omission to perform or comply with the provisions of this Agreement, to the same
extent as if such performance or omittance was made by Developer itself. Developer shall also remain Company’s sole point of contact unless otherwise agreed. 

10 VALIDITY – EFFECTIVE DATE 
 This Agreement shall
be deemed effective as from the date the last Party signs this Agreement (hereinafter referred to as “the Effective Date”) and shall have an initial term of two (2) years (“Initial Term”) unless the Agreement is terminated
in accordance with Article 15 hereunder. After the Initial Term the Agreement shall be automatically renewed on an annual basis unless the Agreement is terminated in accordance with Article 15. 

  
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 11 OBLIGATIONS OF THE PARTIES 

11.1 Assistance to Developer 
 Company shall provide to Developer
all reasonable assistance to enable it to fulfil its obligations under this Agreement. 
 11.2 Adequacy 

Company shall make available to Developer guidance and the Company Background IP, if any, in such a form which are objectively adequate for Developer’s
fulfilment of its obligations under this Agreement. 
 11.3 Obligations of Developer 

It shall be the duty of Developer to provide upon Company’s request, but not more than quarterly, a written report on the status of its R&D Activities
to Company. 
 11.4 Obligations of Company 
 Company shall be
responsible for all governmental licenses, permits, governmental authorizations, consents, approvals and registrations required to carry out the technology import and export activities and overseas research and development activities conducted by
Company in compliance with the governing law of this Agreement, including but not limited to the technology import license required to be obtained if any technologies for which import are restricted under the governing laws of this, and the contract
registration required to be completed if any technologies for which import are unrestricted under the laws of this Agreement. 
 12 CONSIDERATION

 12.1 R&D Fee 
 In consideration of the work and
service to be provided by Developer, Company shall remunerate Developer for the R&D Activities carried out under this Agreement and each respective WAS (hereinafter referred to as the “R&D Fee”). 

 

[***] 

Whereby: 
 [***] 

12.2 Hourly Rates 
 The hourly rates that are used and as set
forth in the WAS to calculate the Incurred Costs shall be determined by Developer on an annual basis in compliance with applicable tax legislation, including but not limited to the principle of “arm’s length distance” between the
Parties. 

  
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 12.3 Taxes 

All sums payable according to this Section 11 shall be exclusive of taxes, duties and charges including VAT which will be charged in addition if
applicable or legally required. 
 In the event that the payments are subject to income tax withholding, such amounts may be withheld from the payments
payable to Developer in accordance with any applicable laws. Company or its designee shall remit such withheld sums to the applicable taxing authority and upon request shall provide Developer with official tax receipts or other appropriate
documentation issued by the appropriate taxing authority (or such other evidence as is reasonably requested by Developer) to establish that any such withholding taxes have been paid. For the avoidance of doubt, the reimbursement amount shall not
include any income taxes or any taxes, however designated. Any applicable taxes must appear instead as separate items, without mark-up, on the statement from Developer and will be paid to Developer by Company,
subject to Developer’s right to require a tax invoice complying with any legislation under which the applicable taxes are imposed. 
 Developer will
cooperate with and provide reasonable assistance to Company with respect to recovery, if possible, of any applicable taxes. 
 12.4 Invoicing and Payment of
the R&D Fee 
 Invoicing will be made by Developer on a quarterly basis unless other periods of invoicing have been agreed among the parties set forth in
the WAS. The estimated R&D Fee for each project shall be set out in the respective WAS, however the invoice shall constitute actual costs (Incurred Costs, Disbursement Costs and Other Costs) and Mark-up
based on actual Incurred Costs. The invoice shall be denominated in SEK. 
 Developer shall provide all relevant information for the calculation of the
R&D Fee as well as relevant information of work performed. Payment of invoices will be made by Company 30 days after the issuance of invoice, unless other periods of invoicing have been agreed among the parties and set forth in the WAS. 

Payments shall be made by Company by transfer to such bank account as Developer may from time to time notify in writing to Company. If any payment made under
this Agreement is not completed in full within the payment period as set forth earlier in this clause, Developer have the right to request Company to pay interest, which is charged based on STIBOR plus 2 percentage points. 

Any payments made under this Agreement shall be completed in full without any set-off, counter claim or deduction
whatsoever, except for withholding tax or other taxes as required by any applicable laws subject to Clause 11.2. 

  
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 In the event of any disagreement between the Parties with respect to any invoice or any amounts owed
thereunder, the Parties hereto agree to negotiate in good faith to resolve such dispute. 
 12.5 Record Keeping 

Developer shall keep or cause to be kept true and proper accounts and records of all transaction materials for the purpose of calculation of its costs.
Developer shall furthermore retain all vouchers, contracts, instructions issued for inclusion and allocation of costs, accounting records and other information relevant for the determination of the costs. These accounts and records, or parts thereof
as necessary for validating the R&D Fee, might be requested by the Company for review to the extent permissible under applicable law. The duty of record keeping shall extend for a period of ten years as from the end of the relevant financial
year. No records and documents which are relevant for the cost-calculation shall within that time period be destroyed without prior notification to Company. 

12.6 Audit 
 During the terms of this Agreement, Company shall at
its on expenses have the right to, upon reasonable notice to Developer, inspect Developer’s books and records related to the R&D Activities and the premises where the activities are performed, in order to conduct quality controls and
otherwise verify the statements rendered under this Agreement. 
 Audits shall be made during regular business hours and be conducted by Company or by an
independent auditor, who may not have any conflict of interest with or be a competitor to the Developer, appointed by Company. Should Company during any inspection find that Developer or the R&D Activities does/do not fulfil the requirements set
forth herein, Company is entitled to comment on the identified deviations. Developer shall, upon notice from Company, take reasonable efforts to take the actions required in order to fulfil the requirements. In the event the Parties cannot agree
upon measures to be taken in respect of the audit, each Party shall be entitled to escalate such issue to management representatives of Developer and Company. 

12.7 Transferability 
 This Agreement and all rights and
obligations arising here from shall not be transferred by either Party to a third party. Such transfer can only be made by either Party if approval has been obtained from the other Party. 

13 TRADE SECRETS AND CONFIDENTIALITY 
 The Parties will
sign the non-disclosure agreement attached hereto as Appendix B. 

  
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 14 REPRESENTATION AND WARRANTIES 

14.1 Company’s Representations and Warranties 
 Company
represents and warrants hereby to Developer that it has the legal right to enter into this Agreement under the laws of Sweden. 
 14.2 Developer’s
Representations and Warranties 
 Developer represents and warrants, by way of an independent warranty in the sense of the laws of Sweden hereby to Company
that: 
  

	 	(i)	 It has the legal right and capacity to enter into this Agreement under the laws of Sweden.

  

	 	(ii)	 To the best of its knowledge to perform the R&D Activities as set forth in this Agreement.

 In the event the R&D Activities or any part thereof, more than insignificantly deviate from the requirements set forth in the WAS,
or if Developer otherwise does not meet or ceases to meet the requirements set forth in this Agreement (except for minor faults and defects, which do not affect the provision of the R&D Activities), Developer shall remedy such incompliance,
fault or defect as soon as reasonably possible. 
 15 LIMITATION OF LIABILITY 

15.1 Responsibility/Liability 
 Responsibility for all decisions
related to Company’s business remain solely with the Company. 
 Neither Party shall be responsible for any indirect, incidental or consequential
damage or any losses of production or profit caused by it under this Agreement or failure to comply with the Developer ́s instructions. 
 Each
Party’s aggregate liability for any direct damage arising out of or in connection with this Agreement shall be limited to 30 % of the total R&D Fee of each separate R&D Activity payable by Company to Developer hereunder. 

The limitations of liability set forth in this Section 15 shall not apply in respect of: 

 

	 	(i)	 claims related to death, bodily or health injury where such Party has been acting culpable:

	 	(ii)	 damage caused by wilful misconduct or gross negligence; 

	 	(iii)	 damage caused by a Party’s breach of the confidentiality undertakings in Section 13 above.

  
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 16 TERMINATION 

16.1 Ordinary Termination 
 Either Party may at any time and in
its sole discretion terminate this Agreement by serving a prior written termination notice of 6 (six) months to the end of a calendar month to the other Party. 

Company shall in addition be entitled to cancel any individual R&D Activity/WAS under this R&D Agreement for convenience by serving a written notice
to Developer. If not agreed separately in the associated WAS, the cancellation notice period shall be 30 days. 
 16.2 Extraordinary Termination 

Without prejudice to the foregoing provisions, any Party may terminate this Agreement for good cause. A good cause shall include but not be limited to a
transfer of majority of shares or votes of Company to a third party which is not directly or indirectly controlled by an affiliate of the Developer. 
 In
the event either Party defaults on its obligations as provided for in this Agreement, the other Party shall give the defaulting Party written notice of said default. If the defaulting Party does not cure said default and notify in writing such other
Party of such cure within 30 (thirty) calendar days after receipt of the notice of default, then the Party having given notice of default may terminate this Agreement. This termination shall then be effective immediately upon written notification of
termination. 
 Notwithstanding the foregoing paragraph, either Party shall be deemed to be in default under this Agreement and the other Party shall have
the right to terminate this Agreement with immediate effect without notice or prior opportunity to cure the default if an application or order is made, proceedings are commenced, a resolution is passed or an application to court is made or
whatsoever steps are taken which might lead to that Party’s winding-up, dissolution, declaration of bankruptcy or insolvency, appointment of an administrator or controller or custodian or similar officer
over all or any of its assets (including any undertaking of the affected Party or any step preliminary to such appointment), assignment for the benefit of creditors or the appointment of a receiver or trustee for the assets. 

17 OBLIGATIONS ON TERMINATION 
 Upon the proper
termination of this Agreement for any reason whatsoever, Developer shall immediately cease to perform any R&D Activity under this Agreement. The Company shall reimburse and hold harmless the Developer for all reasonable proven costs and expenses
which incurred until the termination. 
 In the event Company cancels a R&D Activity, the Developer is entitled to demand the agreed remuneration;
however, the Developer must allow set-off of the expenses the Developer has saved as a result of cancelling the R&D Activity or acquires or wilfully fails to acquire from other use of his labour. Subject

  
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to payment of the Service Fee, Developer shall deliver to Company all Work Products relating to this Agreement or the relevant WAS whether or not then complete and return all Company IP relating
to this Agreement or the relevant WAS. Until they have been delivered or returned, the Developer shall be solely responsible for their safekeeping and will not use them for any purpose not connected with this Agreement. 

18 ENTIRE AGREEMENT 
 This Agreement and its Appendices
hereto constitute the entire agreement between the Parties in connection to the subject matter hereof and supersedes, if applicable, all prior agreements, understandings, negotiations and discussions with respect to the subject matter hereof whether
written or oral. Except as provided in this Agreement and its Appendices, there are no conditions, representations, warranties, undertakings, promises, inducements or agreements whether direct or indirect, collateral, expressed or implied made by
the Parties. 
 No supplement, modification or waiver of this Agreement shall be binding unless executed in writing by authorised officers of Company and
Developer. 
 19 SEVERABILITY 
 The invalidity or
unenforceability of any provision or any covenant of this Agreement in any jurisdiction shall not affect the validity or enforceability of such provision or covenant in any other jurisdiction or of any other provision or covenant hereof or herein
contained and any invalid provision or covenant shall be deemed to be severable. The Parties shall negotiate in good faith in order to replace the provision declared invalid or unenforceable with a new provision, valid and enforceable, which
preserves the original intention of the Parties. 
 20 OTHER CONTRACTUAL RELATIONSHIPS BETWEEN THE PARTIES 

The Parties hereto acknowledge that they have or may have in the future other contractual relationships between them. It is both Parties’ interest and
intention that the different contractual relationships between the Parties are kept separated from each other and that the matters regulated in this Agreement shall in no way be affected by any term or condition other than those set forth in this
Agreement. 
 For the term of this Agreement and for the period of six (6) months thereafter, without the prior written consent of the other Party,
neither Party shall either directly or indirectly solicit or entice away (or seek or attempt to entice away) from the employment of the other Party any person employed (or any person who has been employed in the preceding six (6) months) by
such other Party in the provision or receipt of the Services under this Agreement. For the avoidance of doubt, this Clause shall not apply to unsolicited responses by employees to general recruitment advertising. 

  
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 21 SUCCESSOR AND ASSIGNEES 

This Agreement shall endure to the benefit of and be binding upon Company and Developer and their respective legal representatives, successors and permitted
assignees. 
 22 COSTS 
 All costs related to the
preparation and execution of this Agreement and the execution of any actions therefore shall be borne by the Party that has directly incurred such costs. 

23 FORCE MAJEURE 
 Neither Party shall be liable, or shall
be subject to termination of this Agreement by the other Party, for any delay or default in performing any obligation hereunder attributable to acts, events or causes (including, but not limited to, war, riot, rebellion, civil disturbances,
pandemic, power failures, flood, storm, fire and earthquake or other acts of God or conditions or events of nature, or any law, order, proclamation, regulation, ordinance, demand or requirement of any Governmental Authority) beyond its reasonable
control and without fault or negligence of that Party that prevent in whole or in part performance by such party hereunder (“Force Majeure”). The affected provisions and/or other requirements of this Agreement shall be suspended during the
period of such disability. The affected Party shall issue a written notice to the other Party specifying, amongst other things, the anticipated duration of the delay, within ten (10) days from the occurrence of the event of Force Majeure. For
clarification, Force Majeure shall be deemed to be present if Developer is not allowed to perform delivery of Products or services under applicable export control regulation of the United Nations, the EU, or Sweden or if necessary, travel is not
permitted, e.g. due to a pandemic or epidemic. The same shall apply if the Developer does not receive a license for delivery of Products or services if such license is required under the export control regulation of the United Nations, the EU, or
Sweden. 
 24 NON-WAIVER AND CUMULATIVE RIGHTS 

The failure of either Party to exercise any right, power or option given hereunder or to insist upon the compliance with the terms and conditions hereof by the
other Party shall not constitute a waiver of the terms and conditions of this Agreement with respect to that or any other or subsequent breach thereof nor a waiver by the non-exercising Party of its rights at
any time thereafter to require strict compliance with all terms and conditions hereof including the terms or conditions with respect to which non-complying Party has failed to exercise such right or option.
The rights of each Party hereunder are cumulative. 

  
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 25 NOTICES 

All notices, consents and approvals permitted or required to be given hereunder shall be deemed to be sufficiently and duly given if written and delivered
personally or sent by courier or transmitted by e-mail or other form of recorded communication tested prior to transmission, to the addresses set at the beginning of this Agreement. 

Any notice so given shall be deemed to have been received on the date of delivery if sent by courier, facsimile transmission or other form of recorded
communication, as the case may be. Either Party may from time to time by notice change its address for the purposes of this Agreement. 
 26 APPLICABLE
LAW 
 This Agreement shall be governed and construed in accordance with the laws of Sweden to the exclusion of the Vienna UN Convention on the
International Sale of Goods of 1980 (CISG) and without the conflict of law principles. 
 27 DISPUTE RESULUTION 

Before entering into settlement of arbitration, the Parties agree to seek advice from management representatives of Developer and Company to find an amicable
solution for the dispute. Should the dispute not have been resolved by the management representatives within 30 days counting from when the dispute was referred to them, the Parties shall enter into arbitration. 

Any dispute, controversy or claim arising out of or in connection with this Agreement, or the breach, termination or invalidity thereof, shall be finally
settled by arbitration in accordance with the Arbitration Rules of the Arbitration Institute of the Stockholm Chamber of Commerce. The arbitral tribunal shall be composed of three arbitrators. Arbitration shall take place in Gothenburg, Sweden.
Arbitration language shall be English. Judgement upon award rendered by the arbitrators may be entered in any court having jurisdiction thereof. 
 28
SIGNING OF THIS AGREEMENT 
 This Agreement has been entered into by secured electronic signatures (for example with DocuSign). The Parties agree that
the validity of this Agreement will be fully regarded for all legal purposes and as fully enforceable as possible by applicable law. 
 29 FURTHER
ASSURANCES 
 The Parties hereto agree to do or cause to be done all acts or things necessary to implement and carry into effect this Agreement to its
full extent, including any kind of public or official document or registration which could be required according to applicable law. 
 This Agreement and
all appendixes, annexes, schedules, supplements and related contracts contain all agreements of the Parties in connection with the Research and Development or related services; all other related contracts and agreements are replaced by this
Agreement. 

  
 17 

 

 
  

 30 APPENDICES 

The following Appendices are part of this Agreement: 
  

	 	(i)	 Appendix A – WAS (Work Assignment Sheet) template 

 

	 	(ii)	 Appendix B – NDA 

[Signature Page To Follow] 

  
 18 

 

 
  

 IN WITNESS THEREOF the Parties hereto have entered into this Research and Development Agreement on the
date set hereunder and the Parties shall cause their respective authorized representatives to sign this Agreement. 
 For Company: 

Polestar Performance AB 
  

			
	 /s/ Dennis Nobelius
  

Signed by: Dennis Nobelius
  

Title: COO
  

Place: Gothenburg
  

Date: 2022-07-05
	  	 /s/ Anna Rudenjö
  

Signed by: Anna Rudensjö
  

Title: General Counsel
  

Place: Gothenburg
  

Date: 2022-07-04

 For Developer: 
 China Euro
Vehicle Technology AB 
  

			
	 /s/ Mats Fägerhag
  

Signed by: Mats Fägerhag
  

Title:
  

Place:
  

Date:
	  	 Signed by:
  

Title:
  

Place:
  

Date:

  
 19 

 

 
  

 APPENDIX A – WORK ASSIGNMENT SHEET TEMPLATE 

WORK ASSIGNMENT SHEET (WAS) 
 Between: 

(1) Polestar Performance AB 
 – hereinafter
“Company” – 
 and 
 (2) China Euro Vehicle
Technology AB 
 – hereinafter “Developer” – 

– Company and Developer each a “Party” and collectively the “Parties”. 

Preamble 
 Company is in need of additional resources to
conduct appropriate research and development activities for PROJECT NAME and is therefore interested in being provided with services related to the investigation, research and development of the technology to produce Products, which requires
specialized personnel and resources. Developer has available facilities, skills, material and human resources as well as capacity for conducting activities of research and development in connection with Company needs. Developer intends to provide to
Company, and Company agrees to purchase from Developer research and development services to support this project. 
 Company and Developer have entered into
an Agreement regarding the provision of Research and Development Services dated ____________ (the “Agreement”). 
 With this Work Assignment Sheet
(“WAS”) the Parties agree on a specific research and development project and the respective R&D Activities to be performed by Developer. 

  
 20 

 

 
  

 1 R&D PROJECT 
  

			
	Name	  	(Project Name)
		
	Program Content	  	See Appendix “______________” ([ Description of Program content] Development of )
		
	Program Background & Purpose	  	The (Project Name) captures [Description of the background and purpose of the program]
		
	Time Plan	  	See Appendix “______________” (Milestones)
		
	Program Leading Party	  	Company and/or its Affiliated Company
		
	Main Activities During [Year]	  	See Appendix “______________” [List of activities] Development

 2 SCOPE AND TECHNICAL CONTENT OF R&D ACTIVITIES 

 

	2.1	 Developer shall perform the R&D Activities as described in relevant sections in Clause 1 above.

  

	2.2	 The R&D Activities shall be ready for acceptance by Company within the timeframe as
understood between the parties. 

 3 Estimated R&D FEE 

The Incurred Costs amount related to project ______________ for the period from ______________ to ______________ (the “Period”)
are based on an estimated required amount of ____ working hours and an hourly rate of ___ SEK. It amounts to ___________ SEK and is subject to a Mark-up of ____%. 

 

					
	 Incurred Costs
	  	 	___________ SEK	 
	 Mark-up
	  	 	___________ SEK	 
	 Disbursement Costs
	  	 	___________ SEK	 

  
 21 

 

 
  

					
	 Other Costs
	  	 	___________ SEK	 
	 Total estimated R&D Fee
	  	 	___________ SEK	 

 4 PAYMENT TERMS AND CONDITIONS 

Developer will invoice and Company shall remunerate the actual R&D Fee according to Clause 12 of the Agreement. 

Payments shall be made by Company by transfer. Developer’s Bank information is currently as follows: 

 

			
	 	  	China Euro Vehicle Technology AB
	 Bank account
	  	[***]
	 Bank name
	  	[***]
	 Swift code
	  	[***]
	 Bank address
	  	[***]

 5 FINAL PROVISIONS 
  

	5.1	 The terms and conditions of the Agreement shall apply to this Work Assignment Sheet unless explicitly stated
otherwise. 

  

	5.2	 Should any provision of the Work Assignment Sheet be invalid, wholly or in part, this shall not affect the
validity of the other provisions of the Work Assignment Sheet. Invalid provisions shall be replaced by valid provisions which accord most closely with the intended purpose of the provisions to be replaced. 

[Signature Page To Follow] 

  
 22 

 

 
  

 For Company: 

Polestar Performance AB 
  

			
	 Signed by: [Name]
  

Title: [Title]
  

Place: [Place]
  

Date:
	  	 Signed by: [Name]
  

Title: [Title]
  

Place: [Place]
  

Date:

 For Developer: 
 China Euro
Vehicle Technology AB 
  

			
	 Signed by: [Name]
  

Title: [Title]
  

Place: Gothenburg
  

Date:
	  	 Signed by: [Name]
  

Title: [Title]
  

Place: Gothenburg
  

Date:

  
 23 

 

 
  

 APPENDIX B – NON DISCLOSURE AGREEMENT (NDA) 

[***] 

  
 24EX-10.92

 Exhibit 10.92 

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. 
 SERVICE AGREEMENT 

MAIN DOCUMENT 
  

Name of Project: PS2 Running Change Support 
 Short description
of activities under this Service Agreement: The Service Provider is requested to support the Purchaser with Manufacturing Engineering services for Running Change Program upgrades of the Polestar 2 vehicle. 

This Service Agreement is between Zhongjia Automobile Manufacturing (Chengdu) CO., Ltd., Reg. No. 1510112562005858U, a corporation organized and existing
under the laws of China (“Service Provider”), and Polestar Automotive China Distribution Co. Ltd., Reg. No. 91331001MA2DYEJ4XH, a corporation organized and existing under the laws of China (“Purchaser”). 

Each of Service Provider and Purchaser is hereinafter referred to as a “Party” and jointly as the “Parties”. 

BACKGROUND 
  

	A.	 The Parties have determined that Service Provider shall provide to Purchaser certain Services (as defined in
the General Terms), which are further described in the Service Specification in Appendix 1. The provision of the Services shall be performed in accordance with the terms in this service agreement and its appendices (the “Service
Agreement”). 

  

	B.	 Purchaser now wishes to enter into this Service Agreement for the purpose of receiving the Services and Service
Provider wishes to provide the Services in accordance with the terms set forth in this Service Agreement. 

  

	C.	 In light of the foregoing, the Parties have agreed to execute this Service Agreement. 

AGREEMENT 
  

	1.	 GENERAL 

  

	1.1	 This Service Agreement consists of this main document (the “Main Document”) and its
appendices. This Main Document sets out the specific terms in respect of the provision of the Services, whereas Appendix 2 sets out certain general terms and conditions applicable to the Parties’ rights, obligations and the performance
of the Parties’ activities hereunder (the “General Terms”). 

  

	1.2	 All capitalized terms used, but not specifically defined in this Main Document, shall have the meaning ascribed
to them in the General Terms. 

  
 1 

	2.	 SERVICE SPECIFICATION 

 

	2.1	 The Parties have agreed upon the scope and specification for the Services as specified in the Service
Specification in Appendix 1. 

  

	3.	 AFFILIATE 

  

	3.1	 Affiliate shall for the purpose of this Service Agreement have the following meaning: 

“Affiliate” means any other legal entity that, directly or indirectly, is controlled by or is under common control with
Zhongjia Automobile Manufacturing (Chengdu) Co., Ltd. or Polestar Automotive China Distribution Co. Ltd.; 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. 

 

	4.	 INTELLECTUAL PROPERTY RIGHTS 

 

	4.1	 The Parties agree that the Service Provider shall be the exclusive owner of all Results (as defined in the
General Terms in Appendix 2) developed through the performance of the Services in accordance with what is set forth in Section 4.2.1 in the General Terms and shall thus be deemed the Results Owner (as defined in the General Terms in Appendix
2). 

  

	5.	 SERVICE CHARGES 

 

	5.1	 In consideration of Service Provider’s performance of the Services under this Service Agreement, Purchaser
shall pay to Service Provider the service charges as further described below (the “Service Charges”). 

  

	5.2	 The Service Charges for the Services will be based on the actual hours required for the Services to be
performed by Service Provider as set forth in the Service Specification in Appendix 1 and the hourly rates as set forth in Appendix 3. The Parties acknowledge that the estimated Service Charges set forth in the Service Specification in
Appendix 1 are based on an estimation of the amount of hours required for the performance of the Services and that this estimation may differ from the final actual number of hours charged by Service Provider. Hence, the Service Charges will
ultimately be invoiced based on actual hours, not on estimated hours. 

  

	5.3	 The Service Charges shall be paid in the currency: CNY. 

 

	5.4	 The hourly rates that are used to calculate the Service Charges shall be determined by Service Provider on an
annual basis in compliance with applicable tax legislation, including but not limited to the principle of “arm’s length distance” between the Parties. The hourly rates shall be calculated using the cost plus method, i.e. full
cost incurred plus an arm ́s length mark-up. All costs Service Provider has in order to perform the Services shall be reimbursed by Purchaser. 

 

	6.	 PAYMENT 

  

	6.1	 If Service Provider, pursuant to the General Terms, appoints its Affiliates and/or subcontractors to perform
the Services under this Service Agreement, Service Provider shall include the costs relating to such work in the invoices to Purchaser. 

  
 2 

	6.2	 The actual Service Charges shall be invoiced on a monthly basis at the end of each month and paid by Purchaser
in accordance with what is set out in the General Terms. 

  

	7.	 GOVERNANCE FORUM 

 

	7.1	 The Parties agree that governance in respect of this Service Agreement shall be handled in accordance with what
is set out in the General Terms in Appendix 2. When reference is made to a relevant governance forum, it shall for the purpose of this Service Agreement have the meaning set out below in this Section 7. 

 

	7.2	 The first level of governance forum for handling the co-operation
between the Parties in various matters, handling management, prioritisation of development activities etc. under the Service Agreement shall be the “Steering Committee”, which regarding cooperation between Service Provider and
Purchaser is the so called Volvo Polestar Executive M&L Steering Committee. The Steering Committee shall be the first level of governance forum established by the Parties for handling the cooperation between them in respect of various matters.

  

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

  

	8.	 TERRITORY 

  

	8.1	 For the purposes of this Service Agreement, the “Territory” shall mean all countries in the
world. 

  

	9.	 TEMPLATE FINANCIAL REPORTING 

 

	9.1	 The Parties agree that the basis for calculating the Service Charges shall be transparent and auditable to
Purchaser and be done based on the template attached as Appendix 4. 

  

	10.	 ORDER OF PRIORITY 

 

	10.1	 In the event there are any contradictions or inconsistencies between the terms of this Main Document and any of
the Appendices hereto, the Parties agree that the following order of priority shall apply: 

  

	 	(1)	 This Main Document 

  

	 	(2)	 Appendix 2, General Terms – Service Agreement 

 

	 	(3)	 Appendix 1, Service Specification 

 

	 	(4)	 Appendix 3, Hourly Rates 

 

	 	(5)	 Appendix 4, Template Financial Reporting 

  
 3 

	11.	 NOTICES 

  

	11.1	 All notices, demands, requests and other communications to any Party as set forth in, or in any way relating to
the subject matter of, this Service Agreement shall be sent to the following addresses and shall otherwise be sent in accordance with the terms in the General Terms: 

 

	 	(a)	 To Service Provider: 

Volvo Car Corporation 

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

 With a copy not constituting notice to: 

Volvo Car Corporation 

Attention: Dept. 50090 HBS3 

405 31 Gothenburg, Sweden 

Email: [***] 
  

	 	(b)	 To Purchaser: 

Polestar Automotive China Distribution Co. Ltd. 

Attention: [***] 
 1280 Tiangong
Avenue 
 Xinxing Neighborhood 

Tianfu New District 
 610000g

 Email: [***] 
 With a copy
not constituting notice to: 
 Polestar Performance AB 

Legal Department 
 Assar
Gabrielssons Väg 9 
 405 31 Gothenburg Sweden 

Email: [***] 
  

 
 [SIGNATURE PAGE
FOLLOWS] 

  
 4 

 This Service Agreement has been signed in 2 originals, of which the Parties have received 1 each. 

 

							
	ZHONGJIA AUTOMOBILE MANUFACTURING (CHENGDU)	  	POLESTAR AUTOMOTIVE CHINA DISTRIBUTION CO. LTD.
				
	By:	  	/s/ Yuan
Xiaolin                                        
    	  	By:	  	[seal]                                     
                                         
  
	Printed Name: Yuan Xiaolin	  	Printed Name: Nathan Forshaw
	Title:
                                         
                                 	  	Title:	  	                                      
                                         
         
	Date: 2022-7-4	  	Date:	  	2022-7-4
				
	By:	  	                                      
                                	  	By:	  	                                      
                                         
         
	Printed Name:
                                         
                  	  	Printed Name:
                                         
                                    
	Title:	  	                                      
                                	  	Title:	  	                                      
                                         
         
	Date:	  	                                      
                                	  	Date:	  	                                      
                                         
         

  
 5 

 SERVICE AGREEMENT 

APPENDIX 1 
 SERVICE
SPECIFICATION 
  

	1.	 GENERAL 

  

	1.1	 This Service Specification is a part of the Service Agreement executed between Service Provider and Purchaser.
This Service Specification sets out the scope and the specification of the activities that shall be performed under the Service Agreement, the division of responsibilities between Service Provider and Purchaser and the applicable time plan for the
performance of the activities. 

  

	2.	 Definitions 

  

	2.1	 Any capitalised terms used but not specifically defined herein shall have the meanings set out for such terms
in the Main Document. In addition, the capitalised terms set out below in this Section 2 shall for the purposes of this Service Specification have the meanings described herein. All capitalised terms in singular in the list of
definitions shall have the same meaning in plural and vice versa. 

  

	3.	 General DESCRIPTION 

 

	3.1	 The Service Provider is requested to support the Purchaser with Manufacturing Engineering services for Running
Change Program upgrades of the Polestar 2 vehicle. 

  

	3.2	 The Parties have agreed to that the services will be performed as part of the corresponding Running Change
Programs. 

  

	3.3	 The overall objectives of the activities are to safeguard a seamless introduction of updated parts and
processes. 

  

	4.	 Assumptions/Pre-Requisites  

 

	4.1	 The support is limited to parts having a corresponding usage in the Service Provider ́s platforms.

  

	5.	 DESCRIPTION OF THE SERVICE ACTIVITIES 

 

	5.1	 Volvo Car Manufacturing Engineering will provide the following services: 

 

	 	(a)	 Process related activities, in the areas of Stamping, Body in White, Paint Shop, Final Plant &
Geometry. 

  

	 	(b)	 Release Process Inspection Instructions and script updates for the Hardware and Software intros.

  

	 	(c)	 Perform the product, process and logistics engineering work according to the Volvo Product Development System
(VPDS) pre-requisites. This for all running changes that affects the Polestar 2 vehicle. 

  

	6.	 TIMing AND DELIVERAbLeS 

 

	6.1	 The activities shall commence in [***] until end of production of the Polestar 2 car. 

 

	6.2	 Deliveries will be according to Running Change Programs time schedule. 

 

	7.	 Estimated HOURS 

 

	7.1	 The Parties estimate that the number of hours that are required to perform the Services in are [***]. It is
both Parties understanding that eight hours constitute one working day. 

  

	8.	 PARTIES RESPONSIBILITIES 

 

	8.1	 General. The division of the responsibilities between the Parties can be described as follows in this
Section 8. 

  
 6 

	8.2	 Service Provider’s responsibilities. Service Provider is responsible for the following activities:

  

	 	(a)	 Supply ME support as defined with the Volvo Cars Program management system. 

 

	8.3	 Purchaser’s responsibilities. Purchaser is responsible for all the other activities in relation to
the Model Year upgrade including: 

  

	 	(a)	 Timely providing, in relation to the Polestar 2 vehicle, the necessary
pre-requisites and information to run the production. 

  

                        
     

  
 7 

 SERVICE AGREEMENT 

APPENDIX 2 
 GENERAL TERMS

  
  

	1.	 BACKGROUND 

This Appendix 2, General Terms – Service Agreement, (the “General Terms”) is an Appendix to the Main Document and is an
integrated part of the Service Agreement entered into between the Parties. 
  

	2.	 DEFINITIONS 

  

	2.1	 For the purpose of these General Terms, the following terms shall have the meanings assigned to them below. All
capitalized terms in singular in the list of definitions shall have the same meaning in plural and vice versa. Any capitalized terms used, but not specifically defined below in this Section 2, shall have the meaning ascribed to them in
the Main Document. 

  

	2.2	 “Appendix” means an appendix to the Main Document. 

 

	2.3	 “Background IP” means the Intellectual Property Rights either: 

 

	 	(a)	 owned by either of the Parties; 

 

	 	(b)	 created, developed or invented by directors, managers, employees or consultants of either of the Parties;

  

	 	(c)	 to which the Party has licensed rights instead of ownership and the right to grant a sublicense

 prior to the execution of this Service Agreement, and any Intellectual Property Rights developed or otherwise acquired
independently of this Service Agreement. 
  

	2.4	 “Change Management” means maintenance and development of the Results to be performed 90 days
after the start of production of the first vehicle in which the Results are installed, incorporated, included or otherwise used, and which are driven by for example legal requirements or changes in other products/parts having an effect on the
Results. 

  

	2.5	 “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 Service 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 Service Agreement. 

  
 8 

	2.6	 “Data Room” means the secure environment personal approved access information sharing platform
agreed to be used between the Parties for making available the Results to Purchaser. 

  

	2.7	 “Disclosing Party” means the Party disclosing Confidential Information to the Receiving Party.

  

	2.8	 “EU Data Protection Laws” shall mean collectively, any applicable data protection, privacy or
similar law generally applicable to the processing of personal data, including but not limited to Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the
processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation) and any act or piece of national legislation implementing, supporting or otherwise incorporating said
regulation, including any amendment made to any of the foregoing. 

  

	2.9	 “Force Majeure Event” shall have the meaning set out in Section 15.1.1.

  

	2.10	 “Industry Standard” means the exercise of such professionalism, skill, diligence, prudence and
foresight that would normally be expected at any given time from a skilled and experienced actor engaged in a similar type of undertaking as under this Service Agreement. 

 

	2.11	 “Intellectual Property Rights” or “IP” means Patents, Non-patented IP, rights in Confidential Information and Know-How to the extent protected under applicable laws anywhere in the world. For the avoidance of doubt, Trademarks
are not comprised by this definition. 

  

	2.12	 “Know-How” means confidential and proprietary
industrial, technical and commercial information and techniques in any form including (without limitation) drawings, formulae, test results, reports, project reports and testing procedures, instruction and training manuals, tables of operating
conditions, specifications, component lists, market forecasts, lists and particulars of customers and suppliers. 

  

	2.13	 “Main Document” means the contract document (with the heading “Main Document - Service
Agreement”), which is signed by Service Provider and Purchaser, to which these General Terms are an Appendix. 

  

	2.14	 “Non-patented IP” means copyrights (including rights
in computer software), database rights, semiconductor topography rights, rights in designs, and other intellectual property rights (other than Trademarks and Patents) and all rights or forms of protection having equivalent or similar effect anywhere
in the world, in each case whether registered or unregistered, and registered includes registrations, applications for registration and renewals whether made before, on or after execution of this Service Agreement. 

 

	2.15	 “Patent” means any patent, patent application, or utility model, whether filed before, on or
after execution of this Service Agreement, along with any continuation, continuation-in-part, divisional, re-examined or re-issued patent, foreign counterpart or renewal or extension of any of the foregoing. 

  

	2.16	 “Receiving Party” means the Party receiving Confidential Information from the Disclosing
Party. 

  
 9 

	2.17	 “Results” shall mean any outcome of the Services provided to Purchaser under this Service
Agreement (including but not limited to any IP, technology, software, methods, processes, deliverables, objects, products, documentation, modifications, improvements, and/or amendments to be carried out by Service Provider under the Service
Specification) and any other outcome or result of the Services to be performed by Service Provider as described in the relevant Service Specification, irrespective of whether the performance of the Services has been completed or not.

  

	2.18	 “Results Owner” shall mean the Party which shall be the owner of the Results in accordance
with what is set forth in Section 5.2. 

  

	2.19	 “Services” shall mean the services to be performed by Service Provider to Purchaser hereunder,
including all services under the Appendices attached hereto. 

  

	2.20	 “Service Agreement” means the Main Document including all of its Appendices and their
Schedules as amended from time to time. 

  

	2.21	 “Service Charges” means the service charges as set forth or referenced to in the Main
Document. 

  

	2.22	 “Service Specification” describes the Services to be provided by Service Provider to Purchaser
hereunder including (if applicable) a time plan for the provision of the Services, which is included as Appendix 1 in this Service Agreement. 

  

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

  

	2.24	 “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. 

  

	2.25	 “Use” means to make, have made, use (including in a process, such as use in designing,
engineering, testing or assembling products or in their research or development), keep, install, integrate, extract, assemble, reproduce, incorporate, create derivative works of, modify, adapt, improve, enhance, develop, service or repair, including
in the case of installation, integration, assembly, service or repair, the right to have a subcontractor of any tier carry out any of these activities on behalf of Purchaser. 

 

	2.26	 The right to “have made” is the right of Purchaser to have another person (or their
subcontractor of any tier) make for Purchaser and does not include the right to grant sublicenses to another person to make for such person’s own use or use other than for Purchaser. 

 

	3.	 PROVISION OF SERVICES 

 

	3.1	 Service Specification. The Parties have agreed upon the scope and specification of the Services provided
under this Service Agreement in the Service Specification. 

  
 10 

	3.2	 Making available the Results. 

 

	3.2.1	 Service Provider shall make the Results (or if not finalised, any part of the Results that has been finalised)
available to Purchaser within the timeframes specified in the Service Specification, but under all circumstances promptly after any part of the Results has been finalised. The Results shall only be made available in a Data Room.

  

	3.2.2	 The Results (or any finalised part thereof) shall be deemed made available by Service Provider to Purchaser if
such files have been electronically loaded into and made accessible by Service Provider in the Data Room agreed upon. 

  

	3.3	 Change Management. Service Provider has an obligation to, upon Purchaser’s request, perform Change
Management in relation to the developed Results, such as changes required in order to maintain functionality, adjust the Results due to new technical solutions etc. For the avoidance of doubt, the performance of Change Management is however not
governed by this Service Agreement, but shall be subject to a separate agreement between the Parties, which the Parties upon either Party’s request shall execute. 

 

	3.4	 Service Recipients. In addition to Purchaser, all of Purchaser’s Affiliates shall be entitled to
receive and use the Services under this Service Agreement. Nevertheless, Purchaser shall be Service Provider’s sole point of contact and shall be responsible for payment of the Service Charges as set forth in this Service Agreement,
irrespectively of whether it is Purchaser or any of Purchaser’s Affiliates that in reality received and used the Services. 

  

	3.5	 Subcontractors. 

 

	3.5.1	 The Parties acknowledge that Service Provider may use its Affiliates and/or subcontractors to perform the
Services under this Service Agreement, provided that Service Provider informs Purchaser thereof. 

  

	3.5.2	 Service Provider shall however remain responsible for the performance, and any omission to perform or comply
with the provisions of this Service Agreement, by any Affiliate to Service Provider and/or any subcontractor to the same extent as if such performance or omittance was made by Service Provider itself. Service Provider shall also remain
Purchaser’s sole point of contact unless otherwise agreed. 

  

	3.6	 Relationship between the Parties. The Parties are acting as independent contractors when performing each
Party’s respective obligations under the Service Agreement. Neither Party nor its Affiliates are agents for the other Party or its Affiliates and have no authority to represent them in relation to any matters. Nothing in these General Terms or
the Service Agreement shall be construed as to constitute a partnership or joint venture between the Parties. 

  

	4.	 SERVICE REQUIREMENTS 

 

	4.1	 All Services shall be performed in accordance with the requirements set forth in this Service Agreement,
including the Service Specification, and otherwise in a professional manner. 

  

	4.2	 When providing the Services, Service Provider shall use professional and skilled personnel, reasonably
experienced for the Services to be performed, Service Provider shall work according to the same standard of care and professionalism that is done in Service Provider’s internal business and development projects. Such standard of care and
professionalism, shall however at all times correspond to Industry Standard. For the avoidance of doubt, Service Provider is responsible for all necessary recruiting and hiring costs associated with employing appropriate personnel as well as all
necessary training costs. 

  
 11 

	4.3	 Service Provider acknowledges that time is of essence and Service Provider agrees to strictly respect and
adhere to the deadlines set out in the Service Specification in Appendix 1, such as time limits, milestones and gates. In the event Service Provider risks not to meet an agreed deadline or is otherwise in delay with the performance of the Services,
Service Provider shall appoint additional resources in order to avoid the effects of the anticipated delay or the delay (as the case may be). 

  

	4.4	 In the event the Services or any part thereof, more than insignificantly deviate from the requirements set
forth in the Service Specification, or if Service Provider otherwise does not meet or ceases to meet the requirements set forth in this Service Agreement (except for minor faults and defects, which do not affect the provision of the Services),
Service Provider shall remedy such incompliance, fault or defect as soon as reasonably possible. 

  

	4.5	 In the event Service Provider fails to act in accordance with Section 4.3 and 4.4 above, such failure
shall be escalated in accordance with the escalation principles set forth in Section 17.1 and eventually give Purchaser the right to terminate the Service Agreement in accordance with Section 14.4. 

 

	4.6	 Purchaser shall provide Service Provider with instructions as reasonably required for Service Provider to be
able to carry out the Services. Service Provider must continuously inform Purchaser of any needs of additional instructions or specifications required to perform the Services. 

 

	4.7	 Service Provider shall ensure that it has sufficient resources to perform its undertakings under this Service
Agreement. Further, Service Provider undertakes to ensure that the performance of the Services will not be given lower priority than other of Service Provider’s internal similar projects. 

 

	5.	 INTELLECTUAL PROPERTY RIGHTS 

 

	5.1	 Ownership of existing Intellectual Property Rights. 

 

	5.1.1	 Each Party remains the sole and exclusive owner of its Background IP and any Intellectual Property Rights which
are modifications, amendments or derivatives of any Intellectual Property Rights already owned by such Party. 

  

	5.1.2	 Nothing in this Service Agreement shall be deemed to constitute an assignment of, or license to use, any
Trademarks of the other Party. 

  

	5.2	 Ownership of Results. 

 

	5.2.1	 The Party specified in the Main Document to own the Results shall be the exclusive owner of the Results,
including all modifications, amendments and developments thereof. 

  
 12 

	5.2.2	 If Purchaser is the Party indicated as owning the Results in the Main Document, all Results, including all
modifications, amendments and developments thereof, and any Intellectual Property Rights developed as a result of the Services provided by Service Provider (or if applicable, any of its appointed Affiliates or subcontractors), shall consequently
automatically upon creation be transferred from Service Provider to Purchaser. Purchaser shall further have the right to transfer, sublicense, modify and otherwise freely dispose of the Results, however with the restrictions set forth in
Section 5.3 below. 

  

	5.3	 License grant. 

 

	5.3.1	 The Results Owner hereby grants to the other Party a non-exclusive,
irrevocable, perpetual (however at least 50 years long (however, in no event shall such time exceed the validity period of any IP or Background IP included in the license described hereunder)), non-assignable
(however assignable to the Party’s Affiliates and related companies) license to, within the Territory: 

  

	 	(a)	 Use , in whole or in part, the Results and, if applicable, any Background IP embedded in or otherwise used in
the development of the Results to the extent such license is necessary or reasonably necessary to make use of this license granted to the Results and the Services provided hereunder; and 

 

	 	(b)	 design, engineer, Use, make and have made, repair, service, market, sell and make available products and/or
services based on, incorporating or using the Results and any Background IP referred to in (a) above, in whole or in part. 

  

	5.3.2	 Notwithstanding anything to the contrary in the Service Agreement, nothing in these General Terms or otherwise
in the Service Agreement shall be construed as to give the other Party any rights, including but not limited to any license rights (express or implied), to any Background IP, except as expressly stated herein. 

 

	5.3.3	 The license granted from the Results Owner to the other Party under Section 5.3.1 above shall be fully
sublicensable to the other Party’s Affiliates, but shall not be sublicensable to any Third Party without prior written approval from the Results Owner, however with the exception stated in Section 5.3.4 below. For the avoidance of doubt,
the Results Owner shall be entitled to license the Results, including any Background IP therein, to the Results Owner’s Affiliates without prior written consent from the other Party. 

 

	5.3.4	 In the event either Party would want to sublicense/license the rights granted under Section 5.3.1 above in
whole, or a substantial part of said rights, to a Third Party, such sublicense/license requires the prior written approval of the other Party, which shall not be unreasonably withheld (whereby a sublicense/license to a Third Party which is a
competitor of either Party is an example of what could be deemed unreasonable and subject to non-approval) or delayed. Any approval in accordance with the foregoing shall be handled at a high governance level
by the Strategic Board. For the avoidance of doubt, the other Party has no obligation to provide any support regarding sublicensing/licensing of any rights connected to this Service Agreement to a Party providing a sublicense/license to a Third
Party. 

  

	5.4	 Suspected infringement. 

 

	5.4.1	 The Party to whom the license in Section 5.3 is granted, shall promptly (upon becoming aware) notify the
Results Owner in writing of: 

  

	 	(a)	 any conduct of a Third Party that the Party reasonably believes to be, or reasonably believes to be likely to
be, an infringement, misappropriation or other violation of any Intellectual Property Rights licensed to the Party hereunder by a Third Party; or 

  
 13 

	 	(b)	 any allegations made to the Party by a Third Party that any Intellectual Property Rights licensed hereunder are
invalid, subject to cancellation, unenforceable, or is a misappropriation of any Intellectual Property Rights of a Third Party. 

  

	5.4.2	 In the event that the Party has provided the Results Owner a notification pursuant to Section 5.4.1(a)
above, and the Results Owner decides not to take any action against the Third Party, the Results Owner may approve in writing that the other Party shall be entitled to itself take action against the Third Party at its own cost. If the Results Owner
approves, it shall provide reasonable assistance to the other Party, as requested by the other Party at the other Party’s expense. If the Results Owner does not approve to the other Party taking such action, the issue should be escalated to the
Strategic Board for decision. 

  

	5.4.3	 For the avoidance of doubt, the Results Owner has no responsibility in the event the Results are alleged to
infringe in any Third Party’s Intellectual Property Rights and the Results Owner has, except for what is set out above in this Section 5.4 no obligation to defend and hold the other Party harmless from and against any alleged
infringements. 

  

	5.5	 Volvo brand name. 

 

	5.5.1	 For the sake of clarity, it is especially noted that this Service 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. 

  

	5.5.2	 This means that this Service 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.

  

	5.6	 Polestar brand name. 

 

	5.6.1	 Correspondingly, it is especially noted that this Service Agreement does not include any right to use the
Polestar brand name or Trademarks, or refer to Polestar in communications or official documents of whatever kind. 

 This
means that this Service Agreement does not include any rights to directly or indirectly use the Polestar brand name or Polestar 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. 
  

	6.	 SERVICE CHARGES 

 

	6.1	 In consideration of Service Provider’s performance of the Services under this Service Agreement, Purchaser
agrees to pay to Service Provider the Service Charges as set forth or referenced to in the Main Document. 

  
 14 

	7.	 PAYMENT TERMS 

 

	7.1	 The Service Charges shall be paid in the currency set forth in the Main Document, in a timely manner and in
accordance with the payment terms set forth in this Section 7. 

  

	7.2	 Service Provider is responsible for charging and declaring sales tax/VAT or other taxes as follow from
applicable law. Any applicable sales tax/VAT on the agreed price will be included in the invoices and paid by Purchaser. All amounts referred to in this Service Agreement are exclusive of VAT. 

 

	7.3	 If Service Provider is obligated to collect or pay taxes, such taxes shall be invoiced to Purchaser, unless
Purchaser provides a valid tax exemption certificate authorized by the appropriate Tax Authority. If Purchaser is required by law to withhold any taxes from its payments, Purchaser must provide an official tax receipt or other appropriate
documentation to support this withholding. 

  

	7.4	 Any amount of the Service Charges invoiced by Service Provider to Purchaser shall be paid by Purchaser within
45 days after the invoice date. 

  

	7.5	 Payment made later than 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. 

 

	7.6	 Any paid portion of the Service Charges is non-refundable, with the
exception set forth in the Main Document. 

  

	8.	 AUDIT 

  

	8.1	 During the term of the Service Agreement, Purchaser shall have the right to, upon reasonable notice in writing
to Service Provider, inspect Service Provider’s books and records related to the Services and the premises where the Services are performed, in order to conduct quality controls and otherwise verify the statements rendered under this Service
Agreement. 

  

	8.2	 Audits shall be made during regular business hours and be conducted by Purchaser or by an independent auditor
appointed by Purchaser. Should Purchaser during any inspection find that Service Provider or the Services does/do not fulfil the requirements set forth herein, Purchaser is entitled to comment on the identified deviations. Service Provider shall,
upon notice from Purchaser, take reasonable efforts to take the actions required in order to fulfil the requirements. In the event the Parties cannot agree upon measures to be taken in respect of the audit, each Party shall be entitled to escalate
such issue to the Steering Committee. 

  

	9.	 REPRESENTATIONS 

 

	9.1	 Each Party warrants and represents to the other Party that: 

 

	 	(a)	 it is duly organized, validly existing, and in good standing under the laws of its respective jurisdiction of
incorporation or formation, as applicable; 

  
 15 

	 	(b)	 it has full corporate power and authority to execute and deliver this Service Agreement and to perform its
obligations hereunder; 

  

	 	(c)	 the execution, delivery and performance of this Service Agreement have been duly authorized and approved, with
such authorization and approval in full force and effect, and do not and will not (i) violate any laws or regulations applicable to it or (ii) violate its organization documents or any agreement to which it is a party; and

  

	 	(d)	 this Service Agreement is a legal and binding obligation of it, enforceable against it in accordance with its
terms. 

  

	9.2	 To the extent any Background IP is embedded, or otherwise included, in the Results and subject to the license
granted in Section 5.3 above, the Parties acknowledge that the Background IP is licensed on an “as is” basis, without any warranties or representations of any kind (except for the warranties in Section 9.1 above), whether implied
or express, and in particular any warranties of suitability, merchantability, description, design and fitness for a particular purpose, non-infringement, completeness, systems integration and accuracy are
expressly excluded to the maximum extent permissible by law. 

  

	10.	 SERVICE WARRANTY 

 

	10.1	 When performing the Services, Service Provider shall provide professional and skilled personnel, reasonably
experienced for the Services to be performed at the best of their knowledge. 

  

	10.2	 Service Provider provides the Services “as is”. Service Provider does neither warrant nor represent
that any Services, provided or delivered to Purchaser hereunder are functional for the business needs of Purchaser or otherwise suitable for any specific purpose, nor that the Services, are not infringing any Intellectual Property of any third
party. Service Provider does neither give any representations or warranties as regards the merchantability of the deliverables to be delivered hereunder nor any other representations or warranties of any kind whatsoever concerning the Services.
Purchaser acknowledges that the price of the Services to be performed and other deliverables to be delivered by Service Provider are set in consideration of the foregoing. 

 

	10.3	 Service Provider shall after receipt of notice of a claim related to Purchaser’s use of the Services
notify Purchaser of such claim in writing and Purchaser shall following receipt of such notice, to the extent permitted under applicable law, at its own cost conduct negotiations with the third party presenting the claim and/or intervene in any suit
or action. Purchaser shall at all times keep Service Provider informed of the status and progress of the claim and consult with Service Provider on appropriate actions to take. If Purchaser fails to or chooses not to take actions to defend Service
Provider within a reasonable time, or at any time ceases to make such efforts, Service Provider shall be entitled to assume control over the defence against such claim and/ or over any settlement negotiation at Purchaser’s cost. Any settlement
proposed by Purchaser on its own account must take account of potential implications for Service Provider and shall therefore be agreed with Service Provider before settlement. Each Party will at no cost furnish to the other Party all data, records,
and assistance within that Party’s control that are of importance in order to properly defend against a claim. 

  
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	11.	 LIMITATION OF LIABILITY 

 

	11.1	 Neither Party shall be responsible for any indirect, incidental or consequential damage or any losses of
production or profit caused by it under this Service Agreement. 

  

	11.2	 Each Party’s aggregate liability for any direct damage arising out of or in connection with this Service
Agreement shall be limited to 30 % of the total Service Charges payable by Purchaser to Service Provider hereunder. 

  

	11.3	 The limitations of liability set forth in this Section 11 shall not apply in respect of:

  

	 	(a)	 claims related to death or bodily injury; 

 

	 	(b)	 damage caused by wilful misconduct or gross negligence; 

 

	 	(c)	 damage caused by a Party’s breach of the confidentiality undertakings in Section 13 below; or

  

	 	(d)	 damage arising out of an infringement, or alleged infringement, of the other Party’s or any third
party’s Intellectual Property. 

  

	12.	 GOVERNANCE AND CHANGES 

 

	12.1	 Governance. 

 

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

 

	12.1.2	 The governance and co-operation between the Parties in respect of this
Service Agreement shall primarily be administered on an operational level. In the event the Parties on an operational level cannot agree upon inter alia the prioritisation of development activities or other aspects relating to the co-operation between the Parties, each Party shall be entitled to escalate such issue to the Steering Committee. 

  

	12.1.3	 If the Steering Committee fails to agree upon a solution of the disagreement the relevant issue should be
escalated to the Strategic Board for decision. 

  

	12.2	 Changes. 

  

	12.3	 During the term of this Service Agreement, Purchaser can request changes to the Service Specification, which
shall be handled in accordance with the governance procedure set forth in Section 12.112.1 above. Both Parties agree to act in good faith to address and respond to any change request within a reasonable period of time. 

 

	12.4	 The Parties acknowledge that Service Provider will not perform in accordance with such change request until
agreed in writing between the Parties. For the avoidance of any doubt, until there is agreement about the requested change, all work shall continue in accordance with the existing Service Specification. 

  
 17 

	13.	 CONFIDENTIAL INFORMATION 

 

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

  

	13.2	 All Confidential Information shall only be used for the purposes comprised by the fulfilment of this Service
Agreement. Each Party will keep in confidence any Confidential Information obtained in relation to this Service 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 shall 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
shall 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. 

  

	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 shall 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 shall be regarded as “Confidential”, “Proprietary” or the substantial
equivalent thereof does not disqualify the disclosed information from being classified as Confidential Information. 

  
 18 

	13.5	 If any Party violates any of its obligations described in this Section 13, the violating Party shall, upon
notification from the other Party, (i) immediately cease to proceed such harmful violation and take all actions needed to rectify said behaviour and (ii) financially compensate for the harm suffered as determined by an arbitral tribunal
pursuant to 17.1.5 below. All legal remedies (compensatory but not punitive in nature) according to law shall apply. 

  

	13.6	 For the avoidance of doubt, this Section 13 does not permit disclosure of source code to software, and/or
any substantial parts of design documents to software, included in the Results, to any Third Party, notwithstanding what it set forth above in this Section 13. Any such disclosure to any Third Party is permitted only if approved in writing by
Service Provider. 

  

	13.7	 This confidentiality provision shall survive the expiration or termination of this Service Agreement without
limitation in time. 

  

	14.	 TERM AND TERMINATION 

 

	14.1	 This Service Agreement shall become effective when the Main Document is signed by duly authorised signatories
of each Party and shall, unless terminated in accordance with this Section 14 below, remain in force until the Services are completed. 

  

	14.2	 Either Party shall be entitled to terminate this Service Agreement with immediate effect in the event:

  

	 	(a)	 the other Party commits a material breach of the terms of this Service 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. 

  

	14.3	 For avoidance of doubt, Purchaser not paying the Service Charges, without legitimate reasons for withholding
payment, shall be considered in material breach for the purpose of this Service Agreement. 

  

	14.4	 Furthermore, Purchaser is entitled to terminate this Service Agreement with immediate effect in case Service
Provider acts in breach, which is not insignificant, of what is set forth in Section 4.3 and 4.4 provided that the issue first has been escalated in accordance with Section 17.1. 

 

	14.5	 Purchaser shall in addition be entitled to cancel the Services performed by Service Provider for convenience
upon 30 days written notice to Service Provider. In such event, Service Provider shall, upon request from Purchaser, promptly make available in the Data Room (if applicable) any and all parts of the Results which have been finalised on the effective
date of the cancellation. Moreover, the “Results” shall for the purposes of this Service Agreement be considered such parts of the Results that Service Provider has finalised on the effective date of the cancellation.

  

	14.6	 In the event Purchaser cancels the Services in accordance with Section 14.5 above, the Service Charges
shall, instead of what is set out in the Main Document, correspond to Service Provider’s costs for the Services performed up, until and including the effective date of the cancellation, including the
mark-up otherwise applied to calculate the Service Charges in accordance with the Main Document and any other reasonable proven costs Service Provider has incurred. 

  
 19 

	14.7	 Either Party shall in addition be entitled to terminate the Service Agreement for convenience upon 60 days
written notice to the other Party. 

  

	15.	 MISCELLANEOUS 

 

	15.1	 Force majeure. 

 

	15.1.1	 Neither Party shall be liable for any failure or delay in performing its obligations under the Service
Agreement to the extent that such failure or delay is caused by a Force Majeure Event. A “Force Majeure Event” means any event beyond a Party’s reasonable control, which by its nature could not have been foreseen, or, if it
could have been foreseen, was unavoidable, including strikes, lock-outs or other industrial disputes (whether involving its own workforce or a Third Party’s), failure of energy sources or transport network, restrictions concerning motive force,
acts of God, war, terrorism, insurgencies and riots, civil commotion, mobilization or extensive call ups, interference by civil or military authorities, national or international calamity, currency restrictions, requisitions, confiscation, armed
conflict, malicious damage, breakdown of plant or machinery, nuclear, chemical or biological contamination, sonic boom, explosions, collapse of building structures, fires, floods, storms, stroke of lightning, earthquakes, loss at sea, epidemics or
similar events, natural disasters or extreme adverse weather conditions, or default or delays of suppliers or subcontractors if such default or delay has been caused by a Force Majeure Event. 

 

	15.1.2	 A non-performing Party, which claims there is a Force Majeure Event,
and cannot perform its obligations under the Service Agreement as a consequence thereof, shall use all commercially reasonable efforts to continue to perform or to mitigate the impact of its non-performance
notwithstanding the Force Majeure Event and shall continue the performance of its obligations as soon as the Force Majeure Event ceases to exist. 

  

	15.2	 Notices. All notices, demands, requests and other communications to any Party as set forth in, or in any
way relating to the subject matter of, this Service Agreement must be in legible writing in the English language delivered by personal delivery, email transmission or prepaid overnight courier using an internationally recognized courier service and
shall be effective upon receipt, which shall be deemed to have occurred: 

  

	 	(a)	 in case of personal delivery, at the time and on the date of personal delivery; 

 

	 	(b)	 if sent by email transmission, at the time and date indicated on a response confirming such successful email
transmission; 

  

	 	(c)	 if delivered by courier, at the time and on the date of delivery as confirmed in the records of such courier
service; or 

  

	 	(d)	 at such time and date as delivery by personal delivery or courier is refused by the addressee upon
presentation; 

  
 20 

 in each case provided that if such receipt occurred on a
non-business day, then notice shall be deemed to have been received on the next following business day; and provided further that where any notice, demand, request or other communication is provided by any
party by email, such party shall also provide a copy of such notice, demand, request or other communication by using one of the other methods. All such notices, demands, requests and other communications shall be addressed to the address, and with
the attention, as set forth in the Main Document, or to such other address, number or email address as a Party may designate. 
  

	15.3	 Assignment. 

  

	15.3.1	 Neither Party may, wholly or partly, assign, pledge or otherwise dispose of its rights and/or obligations under
this Service Agreement without the other Party’s prior written consent. 

  

	15.3.2	 Notwithstanding the above, each Party may assign this Service Agreement to an Affiliate without the prior
written consent of the other Party. 

  

	15.4	 Waiver. Neither Party shall be deprived of any right under this Service Agreement because of its failure
to exercise any right under this Service Agreement or failure to notify the infringing party of a breach in connection with the Service Agreement. Notwithstanding the foregoing, rules on complaints and limitation periods shall apply.

  

	15.5	 Severability. In the event any provision of this Service Agreement is wholly or partly invalid, the
validity of the Service Agreement as a whole shall not be affected and the remaining provisions of the Service Agreement shall remain valid. To the extent that such invalidity materially affects a Party’s benefit from, or performance under, the
Service Agreement, it shall be reasonably amended. 

  

	15.6	 Entire agreement. All arrangements, commitments and undertakings in connection with the subject matter
of this Service Agreement (whether written or oral) made before the date of this Service Agreement are superseded by this Service Agreement and its Appendices. 

 

	15.7	 Amendments. Any amendment or addition to this Service Agreement must be made in writing and signed by
the Parties to be valid. 

  

	15.8	 Survival. 

 

	15.8.1	 If this Service Agreement is terminated or expires pursuant to Section 14 above, Section 5.3
(License grant), Section 13 (Confidentiality), Section 16 (Governing Law), Section 17 (Dispute Resolution) as well as this Section 15.8, shall survive any termination or expiration and remain in force
as between the Parties after such termination or expiration. 

  

	15.8.2	 Notwithstanding Section 15.8.1 above, if this Service Agreement is terminated due to Purchaser not paying
the Service Charges, without legitimate reasons for withholding payment, pursuant to Section 14 above, Section 5.3 (License Grant) shall not survive termination or remain in force as between the Parties after such termination. For
the avoidance of doubt, what is stated in this Section 15.8.2 shall only apply in relation to such licenses granted to Purchaser pursuant to Section 5.3 above and any licenses granted to Service Provider under Section 5.3 shall thus
nevertheless remain in force after such termination. 

  
 21 

	16.	 GOVERNING LAW 

 

	16.1	 This Service Agreement and all non-contractual obligations in
connection with this Service Agreement shall be governed by the substantive laws of: 

  

	 	(a)	 the People’s Republic of China, if the Party that is providing the Services is incorporated under the laws
of the People’s Republic of China; and 

  

	 	(b)	 Sweden, if the Party that is providing the Services is incorporated under the laws of Sweden,

 without giving regard to its conflict of laws principles. 

 

	17.	 DISPUTE RESOLUTION 

 

	17.1	 Escalation principles. 

 

	17.1.1	 In case the Parties cannot agree on a joint solution for handling disagreements or disputes, a deadlock
situation shall be deemed to have occurred and each Party shall 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 shall 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 shall 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. 

 

	17.1.2	 The members of the Steering Committee shall use reasonable endeavours 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 shall agree in writing on terms of such resolution or disposition and the Parties shall procure that such resolution or disposition is fully and promptly carried into effect.

  

	17.1.3	 If the Steering Committee cannot settle the deadlock within 30 days from the deadlock notice pursuant to the
section above, despite using reasonable endeavours 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 shall 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 endeavours to do so, the matter shall be resolved in accordance with
Section 17.1.5 below. 

  

	17.1.4	 All notices and communications exchanged in the course of a deadlock resolution proceeding shall be considered
Confidential Information of each Party and be subject to the confidentiality undertaking in Section 13 above. 

  

	17.1.5	 Notwithstanding the above, the Parties agree that either Party may disregard the time frames set forth in this
Section 17.1 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.

  
 22 

	17.1.6	 Arbitration. 

  

	17.1.7	 Any dispute, controversy or claim arising out of or in connection with this Service Agreement, or the breach,
termination or invalidity thereof, shall: 

  

	 	(a)	 if the Party that is providing the Services is incorporated under the laws of the People’s Republic of
China, be submitted to China International Economic and Trade Arbitration Committee (“CIETAC”) for arbitration, which shall be held in Shanghai and conducted in accordance with the CIETAC’s arbitration rules in effect at the time of
applying for arbitration, whereas the language to be used in the arbitral proceedings shall be English and Chinese; and 

  

	 	(b)	 if the Party that is providing the Services is incorporated under the laws of Sweden, be finally settled by
arbitration in accordance with the Arbitration Rules of the Arbitration Institute of the Stockholm Chamber of Commerce, whereas the seat of arbitration shall be Gothenburg, Sweden, the language to be used in the arbitral proceedings shall be
English, and the arbitral tribunal shall be composed of three arbitrators. 

  

	17.1.8	 Irrespective of any discussions or disputes between the Parties, each Party shall always continue to fulfil its
undertakings under this Service Agreement unless an arbitral tribunal or court (as the case may be) decides otherwise. 

  

	17.1.9	 In any arbitration proceeding, any legal proceeding to enforce any arbitration award, or any other legal
proceedings between the Parties relating to this Service Agreement, each Party expressly waives the defence of sovereign immunity and any other defence based on the fact or allegation that it is an agency or instrumentality of a sovereign state.
Such waiver includes a waiver of any defence of sovereign immunity in respect of enforcement of arbitral awards and/or sovereign immunity from execution over any of its assets. 

 

	17.1.10	 All arbitral proceedings as well as any and all information, documentation and materials in any form disclosed
in the proceedings shall be strictly confidential. 

  

 

  
 23 

 Appendix 3 

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 Appendix 4 

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