Document:

EX-10.9

 Exhibit 10.9 

EXECUTION VERSION 
 CONFIDENTIAL 

Arrival S.à r.l. (B200789) 

1, Rue Peternelchen, L-2370 Howald, Grand Duchy of Luxembourg 

6 December 2019 
 Hyundai Motor Company and
Kia Motors Corporation 
 12, Heolleung-ro 

Seocho-gu 
 Seoul, 06797

 Korea 
 Dear Sirs/madams 

 

	Re:	 Arrival S.à r.l. BCA Side Letter 

This letter is entered into as a deed, (the “Letter”) in connection with the collaboration agreement dated 4 November 2019 (the
“BCA”) between Hyundai Motor Company and Kia Motors Corporation. (“H/KMC”) and Arrival S.à r.l. (the “Company”). For the purposes of this Letter, the Company and H/KMC shall each be a
“Party” and together the “Parties”. 
  

	1.	 DEFINITIONS 

In this Letter defined terms shall have the same meaning as in the BCA, as the context requires. 

In this deed it is agreed, as follows: 
  

	2.	 PRICE ADJUSTMENT 

 

	 	2.1.	 The Company shall provide the following materials and information as soon as practicable after entering into
this Letter (“Execution”) and in any event no later than 10 days prior to completion of the Investment in a form and substance reasonably satisfactory to H/KMC: 

 

	 	2.1.1.	 a detailed bill of materials and any direct and indirect manufacturing cost breakdown (each, a “Bill of
Materials”) for the each of the existing Vehicle Projects in respect of Company-owned: [*]1 prototypes by filling in the template previously provided by H/KMC and the bill of
material information in the template will mirror the technical due diligence report (the “Existing Vehicle Projects”, and whereby “Existing Vehicle Project” shall be interpreted accordingly); 

 

	 	2.1.2.	 a detailed timeline with key milestones of core components [*] and “robofacturing”, including but not
limited to, prototype(s) by left handed and right handed, test, pre-production schedule, start of production schedule and any substantial developments with allowance for H/KMC to conduct its own performance,
testing, quality evaluation immediately after Execution; and 

  

	 	2.1.3.	 a detailed timeline with key milestones of the Existing Vehicle Projects, including but not limited to, [*]
developments with relevant supplement for H/KMC to participate in the process of performance and quality evaluation, testing and validation immediately after Execution, 

 
  

	1 	 Certain portions of this exhibit have been redacted in accordance with Item 601(b)(10) of Regulation S-K. This
information is not material and would likely cause competitive harm to the registrant if publicly disclosed. “[*]” indicates that information has been redacted. 

 (collectively, the “Diligence Documents”). 

 

	 	2.2.	 The Company and Kinetik S.À R.L. (“Kinetik”) shall execute one or more deeds of
warranty (in the agreed form (“Deeds of Warranty”) warranting in favour of H/KMC that the information provided pursuant to Section 2.1 above (including the Diligence Documents) is true and accurate and not misleading and that
no material documentation and/or information has been omitted or withheld from the information and/or documentation provided pursuant to Section 2.1 above (including the Diligence Documents). The Deeds of Warranty shall be executed immediately
on delivery of the Bill of Materials and the Diligence Documents to H/KMC and shall cover the information received from the Company pursuant to Section 2.1. 

 

	 	2.3.	 The Parties acknowledge and agree that the Bill of Materials in respect of each Existing Vehicle Project will
be delivered as part of the Diligence Documents and in accordance with Section 2.1. To the extent that: 

  

	 	2.3.1.	 any components of the Existing Vehicle Projects are used without modification in any Future Vehicle Projects
(as defined below) (the “Existing Components”); and 

  

	 	2.3.2.	 [*] 

  

	 	2.4	 [*] 

	3.	 BUSINESS COLLABORATION 

 

	 	3.1.	 The Parties shall undertake to use their best endeavours to ensure that the BCA remains confidential between
the Parties at all times, unless the Parties agree, in accordance with Section 3.2 below, or otherwise in writing, to disclose its existence or contents, subject to either of the Parties being compelled by law and/or a governmental or
regulatory body to which it is subject, that requires disclosure of the BCA. 

  

	 	3.2.	 The Parties shall undertake to use their best endeavours to agree prior to completion of the investment a
summary of the key terms of the BCA and this Letter that the Parties agree may be disclosed to current and prospective investors, with H/KMC’s prior approval in accordance with Section 6 below. 

 

	 	3.3.	 Within 60 business days following completion of the Investment, the Company and H/KMC shall arrange a detailed
set of workshops, to align, inter alia, the norms, processes and terminology of potential collaboration projects, as agreed within the BCA. As part of these workshops, the Parties shall discuss and agree the roles and responsibilities, as
well as, key deliverables (including, but not limited to: work scope, specification, achievable performance, drawings, project timelines, estimated cost and financial feasibility analysis) to help ensure the successful collaboration between the
Parties in furtherance of the objectives of the BCA. 

  

	4.	 INTELLECTUAL PROPERTY 

 

	 	4.1.	 Within this Section 4, “Intellectual Property” means: (a) patents, utility models,
petty patents, inventions (whether patentable or not), registered designs, rights in copyright (including authors’ and neighbouring or related “moral” rights), sui generis database rights, design rights, semiconductor topography
rights, mask work rights, trade secrets, know-how and confidential information; (b) all registrations or applications to register any of the items referred to in paragraph (a); and (c) all rights in
the nature of any of the items referred to in paragraphs (a) or (b) including continuations, continuations in part and divisional applications, and the right to apply for any of, the aforementioned rights in any jurisdiction, but excluding
(e) trade marks, service marks, trade names, business names, brand names, rights in get-up or logos, rights in reputation, personality or image rights, domain name and URLs, rights in unfair competition
and rights to sue for passing off and (f) all registrations or applications to register any of the items referred to in paragraph (e), and all rights in the nature of any of the items referred to in paragraphs (e) or (f) including the
rights to apply for any of such rights in any jurisdiction. 

  

	 	4.2.	 The Parties hereby agree (and, to the extent required to ensure that rights are granted as set out in this
Section 4, shall procure) that, if any Intellectual Property is developed or created jointly by the Company and/or its subsidiaries (on one side) and H/KMC and/or their subsidiaries (on the other side) after the Effective Date of the BCA in the
course of a Vehicle Project (whether an Existing Vehicle Project or a Future Vehicle Project) (but excluding, for the avoidance of doubt, any Background IP) then such Intellectual Property shall be owned jointly by H/KMC and the Company as tenants
in common, with the Company owning a 50 per cent. share and H/KMC between them owning a 50 per cent. share (the “Jointly Owned IP”). Each Party hereby assigns (by way of present and future assignment), and shall procure
the assignment of (as necessary), the Jointly Owned IP to the other Party to give effect to the joint ownership of the Jointly Owned IP as described in this Section. 

	 	4.3.	 For the avoidance of doubt, the Parties hereby agree that if any Intellectual Property is developed or created
separately by the Company and/or its subsidiaries (on one side) and H/KMC and/or their subsidiaries (on the other side) after the Effective Date of the BCA in the course of a Vehicle Project (whether an Existing Vehicle Project or a Future Vehicle
Project) (but excluding, for the avoidance of doubt, any Background IP) then such Intellectual Property shall be owned by the Party that developed or created it. 

 

	 	4.4.	 The Parties shall agree, in each Vehicle Contract: 

 

	 	4.4.1.	 which outputs and deliverables of the relevant Vehicle Project shall be developed or created by the Parties
jointly and which outputs and deliverables of the relevant Vehicle Project shall be developed or created by the Parties separately; and 

  

	 	4.4.2.	 provisions in respect of the use, licensing and enforcement of, and the responsibility for filing, prosecuting
and maintaining applications and registrations for, the Jointly Owned IP arising from the relevant Vehicle Project. 

  

	 	4.5.	 The Parties hereby agree that all Intellectual Property that: 

 

	 	4.5.1.	 is owned by or is licensed to a Party (or any of its subsidiaries) prior to the Effective Date of the BCA, and
all developments, improvements, modifications and/or enhancements of the same (save for if such developments, improvements, modifications and/or enhancements are a result of joint development as per Section 4.2); and/or 

 

	 	4.5.2.	 is created, developed or acquired by a Party (or any of its subsidiaries) after the Effective Date of the BCA
outside the scope of the BCA and this Letter 

 (Sections 4.5.1 and 4.5.2 together being, the “Background
IP”), 
 shall remain vested in the relevant Party (or its relevant subsidiary or its or their licensors) that owns such Background
IP. 
  

	 	4.6.	 To the extent that any Background IP of the Company and/or its subsidiaries or any Background IP of H/KMC
and/or (to the extent agreed as part of any Vehicle Contract) their subsidiaries is (i) used in the performance of any of the Vehicle Projects; (ii) necessary to use any output or deliverables of the Vehicle Projects for any purpose for
which such outputs or deliverables are developed; (iii) necessary for any customer after-sale client assistance for any output or deliverables of the Vehicle Projects; (iv) required in order to receive the benefit of the BCA and/or this
Letter; (v) necessary to use or license the Jointly Owned IP as agreed in the relevant Vehicle Contract; and/or (vi) agreed by the Parties in any Vehicle Contract to be licensed for any other purpose, then the Company (on one side) and
H/KMC (on the other side) shall agree on detailed free of charge terms of license of such Background IP for the aforementioned purposes, PROVIDED that, to the extent any such Background IP is at any time licensed to any third party on fee-bearing terms or subject to an obligation to license to third parties on fair, reasonable and non-discriminatory terms, then the Party being granted such licence shall
also, from the time of the grant of such third-party licence or the time that such obligation to license to third parties arises, be required to pay a licensing fee [*] to the licensing Party in order to receive the benefit of such licence.

	5.	 CONFIDENTIALITY 

This Letter shall be treated as confidential and may not be used, circulated, quoted or otherwise referred to in any document, except:
(i) with H/KMC’s prior written consent; (ii) to the extent required by law or by any regulator; or (iii) as permitted pursuant to Sections 3.1 and 3.2 above. Notwithstanding the foregoing, this Letter may be disclosed by the
Company and H/KMC to their respective affiliates, employees and advisers (including auditors). 
  

	6.	 PUBLICITY 

The Company and H/KMC shall jointly agree on the timing and content of any public disclosures or disclosures of the BCA and this Letter to
current and prospective investors by the Company relating to any investment and other transactions. In addition, neither the Company nor any of its affiliates shall use the name or marks of H/KMC or any of its affiliates in any trade publication,
marketing materials or otherwise to the general public, in each case without the prior written consent of H/KMC, which consent may be withheld in its sole and absolute discretion. 

 

	7.	 TERMINATION 

This Letter shall automatically terminate and be of no further force or effect upon the termination of the BCA. 

 

	8.	 AMENDMENTS 

This Letter may only be varied in writing signed by each of the Parties. 

 

	9.	 WAIVER 

Delay in exercising, or failure to exercise, any right or remedy in connection with this Letter shall not operate as a waiver of that right or
remedy. The waiver of a right to require compliance with any provision of this Letter in any instance shall not operate as a waiver of any further exercise or enforcement of that right and the waiver of any breach shall not operate as a waiver of
any subsequent breach. No waiver in connection with this Letter shall, in any event, be effective unless it is in writing. 
  

	10.	 ENTIRE AGREEMENT 

This Letter and the BCA referred to herein contain the entire understanding of the Parties with respect to the subject matter hereof and
thereof and supersede all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof and thereof. 
  

	11.	 NO THIRD PARTY BENEFICIARIES, ASSIGNMENTS 

 

	 	11.1.	 This Letter is for the benefit of H/KMC and its affiliates. 

	 	11.2.	 No Party may assign, transfer or novate, all or any part of this Letter (or any causes of action arising in
connection with it) without the prior written consent of the other Party, provided that H/KMC may assign, transfer or novate all or any part of this Letter to its affiliates. Each Party agrees that it shall execute any agreement (including novation)
in the form prescribed by the other Party, so as to give effect to such assignment, transfer or novation. 

  

	12.	 GOVERNING LAW AND JURISDICTION 

 

	 	12.1.	 This Letter shall be governed by and construed in accordance with the laws of England. Any matter, claim or
dispute arising out of or in connection with this Letter, whether contractual or non-contractual, is to be governed by and determined in accordance with the laws of England. 

 

	 	12.2.	 The Parties irrevocably agree that the courts of England and Wales shall have exclusive jurisdiction to settle
any dispute or claim that arises out of or in connection with this Letter or its subject matter or formation (including non-contractual disputes or claims). 

 

	13.	 COUNTERPARTS 

This Letter is executed as a deed and may be executed in any number of counterparts, and this has the same effect as if the signatures on the
counterparts were on a single copy of this Letter. 
  

	12.	 NOTICE 

  

	12.1	 Any notice or other communication in connection with this Letter (each, a “Notice”) shall be:

  

	 	13.1.1.	 in writing; 

  

	 	13.1.2.	 in English; and 

  

	 	13.1.3.	 shall be sufficiently given or served if delivered or sent: 

in the case of the Company, to: 
  

			
		
	Address:	  	 Arrival S.à r.l.
 Beaumont House,

Kensington Village,
 London,

W14 8TS

		
	Attention:	  	Csaba Horváth
		
	Email:	  	[*]
		
	Tel:	  	[*]

			
	in the case of H/KMC, to:
		
	Address:	  	 12, Heolleung-ro, West Building 11F

Seocho-gu, Seoul, 06797

Korea

		
	Attention:	  	Mr. Kim, Chion / Mr. Kim, Jang Seob
		
	Email:	  	[*]
		
	Tel:	  	[*]

 or to such other address or email address as the relevant Party may have notified to the other in writing
in accordance with this Section 12. 
  

	12.2	 Any Notice must be delivered by one of the following methods: hand, recorded or special delivery or courier
using, in the case of international service, an internationally recognised courier company, or by email. Without prejudice to the foregoing, any Notice shall conclusively be deemed to have been received on the next business day in the place to which
it is sent, if sent by electronic mail, or at the time of delivery, if delivered by hand, recorded or special delivery or by courier. 

[Signature Page Follows] 

 Executed as a deed by the Parties or their duly authorised representatives with effect as of the date
hereof. 
  

					
	Executed as a deed by	  	)	  	
	ARRIVAL S.À R.L.	  	)	  	
	 acting by Csaba Horváth
 being a
person who
 in accordance with the law of Luxembourg is acting under the authority of the company
	  	)	  	 /s/ Csaba Horváth

 SIGNATURE PAGE 

BCA SIDE LETTER 

							
	Executed as a deed by Hyundai Motor	  	)	  		  	
	Company acting by an authorised signatory in	  	)	  		  	
	the presence of a witness:	  	)	  		  	
		  	)	  	 Signature
	  	 /s/ Yunseong Hwang

		  		  	Name (block capitals)	  	YUNSEONG HWANG
		  		  		  	Authorised signatory
	 Witness signature
  
	  	[*]	  		  	
	 Witness name
 (block capitals)
	  	[*]	  		  	
	  
 Witness address
	  	[*]	  		  	

 SIGNATURE PAGE 

BCA SIDE LETTER 

							
	Executed as a deed by Kia Motors	  	)	  		  	
	Corporation acting by an authorised signatory	  	)	  		  	
	in the presence of a witness:	  	)	  		  	
		  	)	  	 Signature
	  	 /s/ Yunseong Hwang

		  		  	Name (block capitals)	  	YUNSEONG HWANG
		  		  		  	Authorised signatory
	 Witness signature
  
	  	[*]	  		  	
	 Witness name
 (block capitals)

 
	  	[*]	  		  	
	Witness address	  	[*]	  		  	

 SIGNATURE PAGE 

BCA SIDE LETTEREX-10.10

 Exhibit 10.10 

Confidential 

VEHICLE SALES AGREEMENT 

This Vehicle Sales Agreement (“Agreement”), between United Parcel Service Inc., an Ohio corporation
(“Customer”) and Arrival S.à r.l., a company limited by shares and incorporated under the laws of Luxembourg (“Supplier”), is effective as of 8 October 2020 (“Effective Date”).
Each of Customer (as defined below) and Supplier are referred to individually as a “Party” and collectively as the “Parties.” 
 This
Agreement consists of: 
  

	 	•	 	 The attached exhibits(“Exhibits”): 

 

	 	•	 	 Exhibit A: General Terms and Conditions 

 

	 	•	 	 Exhibit B: Governance 

 

	 	•	 	 Exhibit C: Initial Work Order 

 

	 	•	 	 Exhibit D: Form of Purchase Order 

 

	 	•	 	 Exhibit E: Information Security Agreement 

 

	 	•	 	 Exhibit F: Key Performance Indicators (“KPI”) 

 

	 	•	 	 Exhibit G: Vehicle and Battery Warranty Terms 

 

	 	•	 	 Exhibit H: Steering Committee Topics 

 

	 	•	 	 Any other applicable Work Orders 

Contact Information for Notices: 
  

							
	 Customer
	  	 Supplier

	[*]1	  		  	[*]
	With a copy to [*] & [*]	  		  	With a copy to: [*]
	By mail:	  	By courier or personal delivery:	  	By mail:	  	By courier or personal delivery:
	[*]	  	[*]	  	[*]	  	[*]
	Attn: General Counsel	  	Attn: General Counsel	  	Attn: General Counsel	  	Attn: General Counsel

 Each Party may update its contacts above by notice to the other. Routine business and technical correspondence must be in
English, and may be in electronic form. All legal notices given under this Agreement must be provided in accordance with Section 14.1 of Exhibit A (Notices). 
  

	1	 Certain portions of this exhibit have been redacted in accordance with Item 601(b)(10) of Regulation S-K. This
information is not material and would likely cause competitive harm to the registrant if publicly disclosed. “[*]” indicates that information has been redacted. 

  
 1 

 This Agreement is executed by duly authorised representatives of the Parties to be effective as of the
Effective Date. 
  

									
	 UPS
 United Parcel Service
Inc.
	  		  	 Supplier
 Arrival
S.à r.l.

					
	Signature:	  	 /s/ Jose Turkienicz
	  	                                      
      	  	Signature:	  	 /s/ Csaba Horvath

	Printed Name:	  	Jose Turkienicz	  		  	Printed Name:	  	Csaba Horvath
	Title:	  	Chief Procurement Officer	  		  	Title:	  	Manager
	Date:	  	10/8/2020 | 6:54 PM PDT	  		  	Date:	  	10/8/2020 | 10:13 AM PDT

  
 2 

 EXHIBIT A 

GENERAL TERMS AND CONDITIONS 
 1. SCOPE OF
AGREEMENT. 
 1.1 Products and Services; Work Orders; Purchase Orders. Supplier will provide the goods and services identified in a
work order issued pursuant to this Agreement (such work order, a “Work Order”; such goods, “Products” or “Vehicles” or “EVs” where the Product is a vehicle; such services, “Services”).
Any Work Orders will be entered into by Customer and Supplier and will form part of this Agreement. The initial Work Order is attached as Exhibit C to this Agreement (the “Initial Work Order”). Any additional Work Orders entered into
hereunder will be in substantially the same form as the Initial Work Order. 
 1.2 It is the intention of the Parties that their respective obligations under
this Agreement may be satisfied by their respective Affiliates entering into purchase orders under a Work Order (a “Purchase Order”), in accordance with the template for the purchase order set out at Exhibit D (Form of Purchase Order).
Each Purchase Order shall constitute a separate and independent agreement by and between the Customer entity and the Supplier entity that are parties to that Purchase Order and shall incorporate the terms and conditions of this Agreement. In the
event of a conflict between this Agreement and a Purchase Order, this Agreement shall control. A Work Order or Purchase Order issued thereunder is deemed to have been accepted and is binding on both Parties if Supplier: (a) signs and returns it
to Customer; or (b) acknowledges acceptance by email or any other commercially reasonable means. Each Purchase Order is a separate agreement between the Supplier Affiliate and the Customer or Customer Affiliate that executes the applicable
Purchase Order, and no other Supplier or Customer entity has any liability or obligation under such Purchase Order. In the event of a conflict between this Agreement and an Order, this Agreement shall control. “Affiliate” means, with
respect to a person, any entity that directly or indirectly controls, is controlled by, or is under common control with such person. 
 1.3 Supplier agrees
the following entities shall be entitled to purchase Products pursuant to this Agreement (each a “Customer” as used herein): (i) Customer’s Affiliates, (ii) locations managed by Customer or an Affiliate, and (iii) any of
Customer’s or its Affiliates’ outsourced service providers or strategic partners. Customers identified in this paragraph may either (a) enter a Purchase Order with Supplier, or (b) Customer at its option may supply Products that
it purchases hereunder to such end Customers. Both parties will agree in writing the applicable concessions in the form of rebate, credit or incentive applicable to each purchase from UPS Affiliates. 

2. PRICE AND PAYMENT. 
 2.1 Price.
Customer shall pay Supplier the amount specified in an accepted Purchase Order for the relevant Products and Services. Except as expressly provided in this Agreement (including any Work Order), each Party will bear sole responsibility for all costs
and expenses incurred in connection with its performance under this Agreement. Supplier shall not invoice Customer for and Customer shall have no obligation to pay any fees or charges in excess of purchase price and those duties and fees for
loading, unloading or transportation set forth in the Purchase Order. The invoice shall include all duties and fees for loading, unloading or transportation, if allowed by the Purchase Order. Unless otherwise stated in a Purchase Order, the price
for any Product will be in Euros for Products destinated for the United Kingdom or the European Union and in US Dollars for Products destinated for the USA. 

2.2 Invoicing; Payment Terms. Unless otherwise agreed in a Work Order or Purchase Order (including in relation to deposit payments), all invoices
under this Agreement will be accumulated for a period commencing on the 14th day of a month and ending on the 13th day of the following month (“Accumulation Period”). All invoices that are received and approved for payment in a
Customer’s accounts payable system will be included in the current Accumulation Period. Provided that the invoices conform to the requirements of the Agreement, Customer will pay the invoices collected during the Accumulation Period within
thirty (30) days from the end of the Accumulation Period. Any early payment discounts allowable under this Agreement will be calculated from the last day of an Accumulation Period. Nothing in this provision will preclude Customer and Supplier
from agreeing upon other payment discounts, which may be offered through Customer’s e-invoicing solutions, electronic payment systems or supplier portal. Supplier shall accept payment via electronic
transfer of funds, such as Automated Clearing House (ACH) or other methods determined by Customer. On or before 1 January of each calendar year the Supplier will issue to 

  
 3 

 Customer an invoice for a deposit of [*] of the projected pricing for the EV volume designated for that
calendar year in the Production Forecast (the “Deposit”), the Customer will settle this invoice per the terms outlined in Section 2.2. The Deposit shall offset [*] of the invoiced Purchase Price for each EV purchased under a
Purchase Order. If the Production Forecast is amended by written agreement of the Parties, the Deposit will be adjusted accordingly. If the number of EVs actually delivered by Supplier to Customer in any given calendar year is less than the number
of EVs designated in the Production Forecast for delivery for Customer in that calendar year, Supplier shall reimburse to Customer the relevant proportion of the Deposit for the Vehicles not delivered. The Parties will review the “Deposit”
prior to issuing any Deposit for the 2022 calendar year. If sufficient capitalization is achieved prior to 2022, the Supplier will in good faith notify the Customer. All payments are subject to Customer’s receipt of Supplier’s invoice.
Each invoice will contain reasonable detail describing the basis for the invoiced amounts, including a reference to the applicable Order, and a description of all Products delivered and Services performed. 

2.3 Taxes. In addition to the Price set out in Section 2.1 above Supplier may charge and Customer will pay applicable national,
federal, state, or local sales or use taxes, value added taxes, or similar taxes that Supplier is legally obligated to pay with respect to the Products or Services (“Taxes”), provided that: (a) such Taxes are stated on the
original invoice that Supplier provides to Customer; and (b) Supplier’s invoices list such Taxes separately and meet the appropriate tax requirements for a valid tax invoice. 

3. DELIVERY AND ACCEPTANCE. 
 3.1 Delivery
Times. 
 (A) Supplier will deliver the Products to a mutually agreed port unless another location is otherwise mutually
agreed by the Parties under a Purchase Order (the “Delivery Location”) by the delivery date agreed by the Parties in a Purchase Order (the “Delivery Date”), unless: (i) such date is extended by mutual
agreement; or (ii) delivery is delayed due to an Excusable Delay (as defined below). Within a reasonable time (but in any event within five (5) business days) after learning of any cause or condition that would delay the delivery of any
Products, Supplier will notify Customer of such anticipated or actual delay, the reasons for such delay, and the actions being taken by Supplier to overcome or minimise the delay. 

(B) Supplier will not be liable for any delay in delivery that results from an Excusable Delay. 

(C) In the event that Supplier advises Customer that an Excusable Delay is anticipated after a Delivery Date has been agreed, the Parties will
work in good faith with each other to determine a mutually acceptable new delivery date. 
 (D) For
non-excusable delays, the Supplier will compensate the Customer for each unit delayed beyond fifteen (15) business days of the mutually agreed upon delivery schedule. The penalties will be compensated at
a daily rental rate of [*] per day per delayed unit until Product is received at the Delivery Location. The Parties agree to discuss in good faith through the Steering Committee a revised delivery schedule if delay on a batch of EVs result in delay
in future deliveries beyond one calendar quarter. 
 For purposes hereof, “Excusable Delay” means occurrences or events that are beyond the
reasonable control of a Party, not due to its fault or negligence. Such occurrences or events may include: (i) a national, regional or area-wide strike or other labor disturbance; (ii) a governmental act, regulation, recommendation
(including based on public health grounds), pandemics or epidemics, war, sabotage, riot or terrorist act; or (iii) an act of God, including fire, earthquake and severe weather conditions (e.g., hurricanes and blizzards) beyond those normally
experienced. An increase in the cost of production or cost of goods sold is not an Excusable Delay. 
 3.2 Deliveries. Customer shall perform
an inspection for each Product delivered allowing Customer to denote on the bill of lading (BOL), Vehicle Condition Report (VCR) or similar document any shortage, loss, or damage. Supplier or its authorised representative shall obtain the signature
of an authorised representative of Customer on a delivery receipt for all deliveries made under this Agreement, which signature will not constitute Customer’s acceptance of delivery for purposes of Section 3.6 below, but will serve
as an acknowledgement of the quantity or type of Products received by Customer. 
 3.3 Transportation. Supplier will ensure that Products are
protected against damage or deterioration during transportation and shipment up until delivery to the Delivery Location. The method of transportation or shipment must be consistent with the nature of the goods and hazards of transportation. 

3.4 Risk of Loss; Shipping Terms. Unless otherwise specified in the applicable Purchase Order, Supplier will deliver all Products to Customer FOB
(Incoterms 2020), to the Delivery Location as specified in the applicable Purchase Order. Regardless of the shipping terms used, all right, title, interest in any Product will pass to the Customer on delivery of the Product, and all risks of loss
and damage to any Product will pass to Customer (or its designee) upon delivery of that Product to the Delivery Location. Customer shall be responsible for all risks of loss and damage to any Product in its custody and control. Until the Products
are paid in full, Supplier will retain a security interest in the Products and all proceeds therefrom. 

  
 4 

 3.5 Export and Import. 

(A) Supplier (or its designated agent) will be responsible for all export requirements (including export licensing, shippers export
declaration, and export invoice requirements). Any export document must, among other matters, separately itemise and state the separate value for each item of hardware, software, set-up, and any non-dutiable service if required under Applicable Law. Supplier shall comply with all applicable record keeping requirements in accordance with Applicable Law and shall provide Customer with electronic copies of
such records, upon request. Notwithstanding the above, should Customer decide to re-export the Product at any point in time after the Product has delivered to the Delivery Location, all of the obligations set
out in Section 3.5(A) will fall to the Customer in respect of such re-export; provided however, Supplier will be responsible for all obligations if such
re-export is due to damage or a defect in the Product. Supplier shall have no further responsibilities in relation to the cross-border movements of the Product. Each Party will be solely liable for, and will
defend, indemnify, and hold the other Party harmless against, any direct liability or damages arising out of a breach by the first Party of this Section 3.5(A), including any taxes, duties, interest, or penalties. 

(B) Customer (or its designated agent) will be responsible for all import requirements (including import licensing, shippers import
declaration, and import invoice requirements), for payment of any import taxes, duties, or fees, and will be responsible for all required recordkeeping, registration, reporting, and licensing. Customer will be solely liable for, and will defend,
indemnify, and hold Supplier harmless against, any direct liability or damages arising out of a breach by Supplier of this Section 3.5(B), including any taxes, duties, interest, or penalties. 

(C) Each Party represents and warrants that it (and its financial institution(s) in the case of Customer) are not subject to sanctions or
otherwise designated on any list of prohibited or restricted parties or owned or controlled by such a party, including the lists maintained by the United Nations Security Council, the U.S. Government (e.g., the U.S. Department of Treasury’s
Specially Designated Nationals list and Foreign Sanctions Evaders list and the U.S. Department of Commerce’s Entity List), the European Union or its member states, the United Kingdom, or other applicable government authority. The Parties will
not, save where a licence or other authorisation from a relevant authority so permits, directly or indirectly export, re-export, import, transmit, or cause to be exported,
re-exported, imported or transmitted, any commodities, software or technology (“Items”) to or from any country, individual, corporation, organization, or entity to which such export, re-export, import or transmission is restricted or prohibited, including any country, individual, corporation, organization, or entity under sanctions or embargoes administered by the United Nations, the U.S.
Departments of State, Treasury or Commerce, the European Union, the United Kingdom or any other applicable government authority. 
 (D)
Customer will not, save where a licence or other authorisation from a relevant authority so permits, use Items or knowingly export, re-export, or transmit any Items to any party who may use such Items in
relation to nuclear, biological or chemical weapons or missile systems capable of delivering same or the development of any weapons of mass destruction, or for military end-use in a country that is subject to
an arms embargo in the country from which manufacturing is exporting such Items. Supplier is responsible for obtaining any license required to export, or transmit Items under applicable export controls and regulations, where such licence is
necessary in order for Supplier to deliver a Product to the Delivery Location pursuant to this Agreement. Should Customer wish to re-export the Items to a different country or state (US) from a specified
destination, Customer will be responsible for obtaining any license required to re-export, import, or transmit Items under applicable export/import controls laws and regulations. In this situation, Customer
represents and warrants that it and its Affiliates shall comply with all applicable record keeping requirements in accordance with U.S., EU, and UK export and import laws, global trade agreement/treaties, and other applicable laws and regulations,
and shall provide Supplier with electronic copies of such records, upon request. Customer will be solely liable for, and will defend, indemnify, and hold Supplier harmless against, any direct liability or damages arising out of a breach by Customer
of this Section 3.5(D), including any taxes, duties, interest, or penalties. 

  
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 (E) Supplier represents and warrants that, save where a licence or other authorisation from
a relevant authority so permits, Items it provides (itself or through an Affiliate or Personnel) to Customer are not controlled under the U.S. Export Administration Regulations (“EAR”), EU
Dual-Use Regulations, Military, U.S. International Traffic in Arms Regulations (“ITAR”), or any other applicable government export laws and regulations, unless Supplier discloses to Customer
in advance of shipment or transfer in writing and provides to Customer complete, accurate and up to date information necessary or that Customer may otherwise request to lawfully export Items, including the U.S. or other government authority export
control classification number(s), any applicable Commodity Classification (CCATS) or classification ruling, any applicable commodity jurisdiction rulings, a copy of the export license (where an export license is required), country of origin, and,
where applicable, the General License type or license exception eligibility. 
 3.6 Inspection and Acceptance; Rejection. 

(A) Inspection. Supplier will conduct pre-shipment testing of Products. In addition, Customer
and Supplier will each have the right to conduct additional inspections of Products upon delivery to the Delivery Location. At Customer’s request, Supplier will provide Customer with written certification that the ordered Products have been
tested and have passed such testing. Notwithstanding any signature or acknowledgement of delivery by Customer on a delivery receipt, Customer shall be entitled to inspection and acceptance of each delivered Product included in a Purchase Order. 

(B) Acceptance. Customer’s acceptance will occur on a per Product basis within ten (10) business days of delivery of such
Product (the “Acceptance Period”), unless Customer gives written or electronic notice of rejection of any Products included in the Purchase Order to Supplier. Customer may provide separate acceptance of each Product in a batch or
acceptance for all Products in a batch in any Order. A Product will automatically be deemed accepted on the last day before the end of the Acceptance Period if no notification of Non-Conformity has been issued
by Customer. Such inspection and acceptance shall not relieve Supplier of its warranty obligations under this Agreement. 
 (C)
Rejection. Customer may reject during the Acceptance Period any Product that: (i) does not meet the agreed-upon Product specifications included in the applicable Work Order; or (ii) does not comply with Applicable Law effective at
the date of delivery of the Product to the Delivery Location (each, a “Non-Conformity”) provided that Customer will first notify Supplier of Customer’s intent to reject the Product and
provide a full description of the Non-Conformity. If such Product fails to conform, Customer will inform Supplier in writing of such failure and Supplier shall promptly repair or replace (such decision shall
be mutually agreed to by the parties) at Supplier’s cost and expense to ensure a fully cured, conforming Product. 
 3.7 Incentives.
Customer will be entitled to retain all incentives and other benefits and advantages that accrue to the Customer for the purchase and/or use of electric vehicles. Supplier will be entitled to retain all Incentives and other benefits and
advantages that accrue to the Supplier for the manufacture and/or sale of electric vehicles. Each Party will bear its own cost and expense of preparing for and applying for incentives payable to it. Each Party represents and warrants that all
submissions (and information contained therein) made by a Party or its Affiliates to any governmental authority in connection with any incentive will in all material respects be true, accurate, and complete.  

4. REPRESENTATIONS, WARRANTIES, AND SPARE PARTS 
 4.1
General Representations and Warranties. Supplier represents and warrants to Customer that: (a) it has all rights necessary for (and is not subject to any restriction, penalty, agreement, commitment, or Applicable Law that are
violated by) its (i) execution and delivery of this Agreement, and (ii) performance of its obligations under this Agreement; (b) Customer will receive good title to the Products, free of any liens, pledges, claims, mortgages,
encumbrances, and other rights and interests of any party, except any non-waivable lien of Supplier in respect of any unpaid portion of the payments due to Supplier; (c) any Services will be performed in
a timely, professional, and workmanlike manner in accordance with the level of care customarily observed by persons rendering similar services; and (d) the Products (and Customer’s exercise of its rights under this Agreement with respect
to such Products) will not to the best of Supplier’s knowledge infringe upon, violate, or misappropriate any trademarks, trade secrets, copyrights, patents, or any other intellectual property or proprietary rights in the Geographic Regions
(collectively, “Proprietary Rights”) of any third party. Customer represents, warrants, and covenants to Supplier that it has all rights necessary for (and is not subject to any restriction, penalty, agreement, commitment, or
Applicable Laws that are violated by) its (i) execution and delivery of this Agreement, and (ii) performance of its obligations under this Agreement. 

  
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 4.2 Performance Warranties. 

(A) General. Unless specifically overridden by performance warranties contained in the applicable Work Order for a Product, the
performance warranties contained in this Section 4.2(A) will apply to each Product. Supplier represents and warrants to Customer that, beginning at the time of delivery of each Product to the Delivery Location and continuing for the
applicable warranty period set out in Exhibit G: (i) the Products are and will be free from defects in design, materials, and workmanship upon Customer’s acceptance of such Products and for the defined warranty period in
Exhibit G unless a different period of time is set forth in the Purchase Order. (ii) the Products do and will conform to all specifications and documentation provided by Supplier to Customer relating to the Products and Services
(the warranties referenced in this Section 4.2(A), the “Performance Warranties”). Notwithstanding the foregoing, Supplier will not be deemed to be in breach of the Performance Warranty set forth in this
Section 4.2(A) to the extent that any defect or non-conformance is caused by use of the Product for purposes other than those for which it was designed (including unauthorised attachments or
modifications) or caused by an invalidation of the Performance Warranty due to the Customer’s acts or omissions (including any improper repair undertaken by Customer or its authorised representatives) or caused by Customer’s breach of this
Agreement. The foregoing warranties are expressly in addition to all other express warranties and are in addition to any and all other rights Customer may have available under this Agreement, at law or in equity. 

(B) Customer shall notify Supplier of any defect in a Product or component within ten (10) business days of becoming aware of such defect
or such other time frame as set out in the Performance Warranties. 
 (C) Any Products repaired or replaced pursuant to the Performance
Warranties shall have the benefit of the Supplier’s warranty for the remainder of the original Performance Warranty Period. 
 4.3 Exclusion of
Other Warranties. The representations and warranties set forth in this agreement (including for clarity any order entered into hereunder) are the exclusive warranties given by Supplier with respect to the Products and Services and are in
lieu of all other warranties express or implied, including warranties of merchantability, fitness for a particular purpose, or otherwise. 
 4.4
Standard for Services. All Services will be performed in a timely (subject to Section 3.1(C) (regarding Excusable Delays)), professional, and workmanlike manner in accordance with the level of professional care customarily
observed by persons rendering similar services. 
 4.5 Spare Parts. The Supplier agrees to provide in sufficient quantities to support the
Vehicle over its operational life, spare parts and equipment to UPS on a most-favoured-nation pricing basis (supply of parts and equipment by Supplier or a Supplier Affiliate to members of the Kinetic Sarl corporate group shall not be included in
the most-favoured-nation pricing commitment).The Parties agree to determine in good faith through the Steering Committee a list of parts to be escrowed and archived that Customer may require to continue to operate the vehicles for the intended
operational life, which shall be released to Customer upon a material event that would prevent Supplier from supporting the vehicles at the Supplier’s expense. If Supplier or any of its suppliers intends to discontinue the manufacture and/or
sale of any Parts, the Supplier will (i) notify Customer in writing with respect to Supplier’s discontinuation of any Parts at least twelve (12) months prior to the intended discontinuation date and with respect to any supplier’s
discontinuation of Parts, as soon as Supplier receives notice from the supplier of the intended discontinuation date (ii) negotiate in good faith regarding Customer’s purchase and Supplier’s sale prior to the discontinuation date of a
sufficient inventory of such affected Parts as reasonably determined by the Customer based on its anticipated needs for the Vehicles in service (iii) use reasonable efforts to support any last buy purchase requirements of Customer that can be
ordered from the supplier of any affected Parts prior to the discontinuation date, and (iv) Supplier will use reasonable efforts to resource any discontinued products that are required to support the Vehicles in service. 

5. TRAINING AND WARRANTY REMEDIES. 
 5.1
Training. The Supplier will provide reasonable training to Customer and its personnel on vehicle usage at a mutually agreed location on a date and time to be mutually agreed upon by the Parties. This training may be provided in person
or through virtual training materials and related documentation, as agreed upon by the Parties prior to the first scheduled delivery of production Vehicles. 

5.2 Remedies Upon Breach of Performance Warranty. In the event of a breach of a Performance Warranty due to Supplier’s fault during the
Performance Warranty Period, Customer will repair the affected Product or component of a Product at their repair centre in accordance with the training provided by Supplier and will request Parts from Supplier (if applicable). In this case, Supplier
shall provide the Parts free of charge. The Supplier will compensate the Customer for labour hours exhausted during the time of the warranty repairs. The labour rate will be a figure per hour (as detailed in Exhibit G) and the Customer can
request adjustments to the labour rate annually by sending a written request or email to the Supplier. The 

  
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 Customer’s request must be reasonable and align with the annual increases for the alike shop rates. The
labour allowances for each job code are depicted in Exhibit G. If Customer is unable to repair the Product to conform to the Performance Warranties in accordance with Section 3.63.6(C) then Supplier will provide remote assistance
in the first instance and on-site support if required at Supplier’s cost. In the event that these steps are not sufficient and the Product cannot be repaired then legal title in the affected Product will
transfer to Supplier and Supplier will, at its expense, deliver to Customer a replacement Product that conforms to the Performance Warranties within sixty (60) business days of notice of rejection for inability to repair. During the transfer
and until a replacement Product is delivered, the Supplier will absorb the daily rental expense as defined in Section 3.1 (D) provided that repair on an out of service Vehicle is not delayed or extended due to Customer’s fault. 

6. COMPLIANCE WITH APPLICABLE LAW. 
 6.1 Compliance
with Applicable Law. Supplier shall comply, and shall ensure that, at the time of delivery to the Delivery Location, the Products provided by it under this Agreement will comply with Applicable Law of the relevant territories within the
Geographic Regions as notified by Customer at the time of submission of a Purchase Order. For the purposes of this Agreement, “Applicable Law” means any national, federal, state, or local applicable laws, regulations, rules, orders,
and other requirements having the force of applicable law (including requirements for licenses, permits, certifications and approvals) of governmental authorities in each case as applicable to the Supplier’s provision of the Products to
Customer under this Agreement in effect at the time of delivery of a Product to the Delivery Location (as applicable). For the purposes hereof, “Geographic Regions” means the UK, the EU and the USA. 

6.2 Anti-Bribery. The Parties will not violate or knowingly permit anyone to violate any applicable anticorruption laws in performing under this
Agreement. 
 6.3 Regulatory Compliance. All Vehicles will be safety-certified in accordance with the Federal Motor Vehicle Safety Standards
(FMVSS) for the US geographic market and the Regulation (EU) 2018/858 of the European Parliament and of the Council of 30 May 2018 for the EU and UK geographic markets (or any other UK national type of approval if applicable) and otherwise
comply with Applicable Law (defined in Section 6.1 of the T&Cs (Compliance with Applicable Law) in effect at the Delivery Date. Supplier will submit all governmental reports and obtain all governmental authorisations applicable to the
certification, manufacture, and sale of Vehicles as required under Applicable Law. Customer will not be required to take delivery of or otherwise accept any Vehicles until such time as the Vehicles are safety-certified by the applicable governmental
authorities for use in North America, the European Union, or the United Kingdom (as applicable). 
 7. INDEPENDENT CONTRACTOR;
PERSONNEL. 
 7.1 Relationship. Supplier and its Personnel will perform under this Agreement as an independent contractor of
Customer. This Agreement will not be construed to create a partnership, joint venture, agency, employment, or any other relationship between Supplier and Customer. Neither party will represent itself to be an employee, representative or agent of the
other party. Neither Party will have authority to enter into any agreement on the other Party’s behalf or in the other Party’s name or otherwise bind the other Party to any agreement or obligation. 

7.2 Personnel. To the extent relevant to the performance of each Party’s obligations hereunder, each Party will retain: (a) full
control over the manner in which it performs or receives all Products and Services; (b) control over its and its Affiliates’ employees, representatives, contractors, Subcontractors, and agents (collectively, “Personnel”);
(c) exclusive control over its labour and employee relations; and (d) exclusive right to hire, transfer, suspend, lay off, recall, promote, discipline, discharge, and adjust grievances with its Personnel. Each Party will be solely responsible
for all theft, damage, and/or misconduct caused by its Personnel in connection with this Agreement. 
 7.3
On-Site Services. To the extent Services are performed on Customer’s premises or Supplier otherwise accesses or uses such premises, Supplier and its Personnel will abide by all rules,
restrictions, regulations, policies, procedures and guidelines, including safety, health, environmental, and hazardous material management rules, rules prohibiting misconduct, use of physical aggression against persons or property, harassment, or
theft (the “Rules”) provided that such Rules are communicated to Supplier and its Personnel suitably in advance. The reverse shall be true where Customer has access or use of Supplier’s premises for any reason. Customer
reserves the right to remove Supplier’s personnel from Customer’s facilities without liability to Customer if in Customer’s reasonable opinion such personnel (i) has failed to comply with such policies and procedures,
(ii) has violated a law, ruling, ordinance or regulation in the course of performing under this Agreement, or (iii) does not otherwise conduct himself/herself in a professional manner while at Customer’s facility. 

  
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 8. INSURANCE. 

8.1 General. Supplier will obtain and maintain the following: 

(A) “Public and Products Liability” insurance, including products/completed operations, broad form property damage,
contractors’ protective liability, and broad form blanket contractual, advertising, and personal injury liability, with limits of not less than ten million dollars ($10,000,000) per occurrence and ten million dollars ($10,000,000) general
aggregate; and 
 (B) “Employer’s Liability” insurance, including coverage for all costs, benefits, and liabilities
under workers’ compensation and similar Laws that may accrue in favour of any person employed by Supplier, in all states where Supplier provides Products, and “Employer’s Liability” insurance with limits of liability of
not less than one million dollars ($1,000,000). 
 8.2 Policies. The following provisions apply to the required insurance coverages set forth
above: 
 (A) Supplier will cause each insurance policy to provide that it will remain in effect during the term of this Agreement and
Supplier agrees that the coverage limits will not be reduced below the minimum amounts required by this Agreement or cancelled without reasonable prior written notice from Supplier to Customer. 

(B) Supplier may satisfy the minimum limits requirements of this Section 8.1 by any combination of primary liability and umbrella excess
liability coverage that results in the same protection to Supplier. 
 (C) All insurance policies shall include a waiver of subrogation in
favor of Customer and its successors, subsidiaries and affiliates. Supplier waives the right to recover from Customer any amounts paid by any applicable insurance coverage. Supplier shall provide Customer with certificates of insurance evidencing
the coverages required hereunder thirty (30) days prior to first scheduled delivery of production Vehicles. 
 (D) In the event of
failure of Supplier to furnish and maintain such insurance, Customer, at its sole option and without waiving any rights it has under this Agreement, shall have the right to take out and maintain such insurance for and in the name of Supplier, and
Supplier agrees to pay the cost thereof and to furnish all necessary information to permit Customer to take out and maintain such insurance for its account. If Supplier fails to pay the cost thereof within ten (10) days, Customer, at its sole
option, may deduct such cost from moneys otherwise owed to Supplier. 
 9. LIMITATIONS ON LIABILITY. 

9.1 Nothing in this Agreement shall limit or exclude the liability of either Party for: (i) death or personal injury and tangible property damage arising
from the gross negligence or intentional misconduct of the other party; or (ii) fraud or fraudulent misrepresentation; or (iii) breach of confidentiality under Section 12.1 and Section 12.2; or (iv) for any
liability that cannot be lawfully excluded. 
 9.2 Supplier shall not be liable under this Agreement to the extent that a claim arises as a result of
(a) modifications made by Customer without Supplier’s authorisation, or (b) Customer’s use of the Product in a manner not reasonably anticipated by Supplier, or (c) Customer’s use of the Product in breach of this
Agreement. 
 9.3 Supplier and its Affiliates’ aggregate liability under this Agreement and any and all Work Orders and Purchase Orders issued under it,
whether in contract (including under any indemnity), in tort (including negligence), under statute or otherwise under or in connection with this Agreement and any and all Work Orders and Purchase Orders issued under it or the provision or receipt of
the Products or Services shall not exceed the greater of [*] or [*] of the fees paid prior to the first event giving rise to the first claim (whether consisting of one or multiple purchase orders) except that such limitation shall not apply to the
losses outlined in Section 9.1. 
 9.4 Subject to Section 9.1, neither party will be liable under any circumstances for any lost profits,
lost revenue, loss of business, loss of data, loss of contracts or indirect, incidental, consequential, punitive, or special damages, even if it has notice that those kinds of damages may occur. 

10. INTELLECTUAL PROPERTY RIGHTS. 
 10.1 Background
Intellectual Property. Except as expressly stated otherwise in this Agreement, each Party retains all right, title and interest (including all Proprietary Rights) in and to its Background Intellectual Property. “Background
Intellectual Property” consists of each Party’s concepts, data, database rights, copyright, designs, design rights, developments, documentation, drawings, hardware, improvements, 

  
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 information, inventions, patents and patent applications, processes, software, techniques, technology,
tools, and any other intellectual property, and any third party licenses or other rights to use any of the foregoing, that (a) exists prior to the Effective Date; or (b) are developed entirely independently by a party, at any time without
any use, knowledge of, or reference to, the other party’s confidential information or other information obtained in connection with this Agreement; and (c) any intellectual property rights that are derivative of either category (a) or
(b) above. 
 10.2 Work Product. If Supplier and Customer agree in a written, signed agreement or schedule that Supplier will deliver or be
required to deliver, or otherwise produce, create, or develop, any work product agreed to be wholly unique to Customer in connection with the Products then the Parties will agree specific legal terms in relation to such Work Product. 

11. INDEMNITY. 
 11.1 Supplier Indemnity.
Supplier will indemnify, release, protect, defend and hold harmless Customer and its Affiliates and the directors, officers, employees, agents, contractors of each of them from and against any and all losses, liabilities, claims, demands,
penalties, judgments, costs, attorneys’ fees and expenses, arising from or in connection with (i) any claim brought by a third party against Customer alleging that the possession or use of Products in accordance with the terms of this
Agreement directly infringes the Property Rights of such party (a “Third Party IPR Claim”); (ii) the personal injury (including death) or property damage due to the negligence or wilful misconduct of Supplier or Supplier’s employees,
subcontractors or agents; (iii) any claims arising out of product defects attributable to the Products, including, without limitation, product liability claims, excluding any such claims to the extent attributable to the negligence or wilful
misconduct of Customer; and (iv) the use, operation, custody, maintenance, repair, assembly, disassembly, or transportation of the Products by Supplier or anyone under Supplier’s control. Supplier shall be responsible for all reasonable
costs, expenses, damages and losses suffered or incurred by Customer that directly arises out of such claims. 
 11.2 Process. Customer shall
not be entitled to an indemnity under Section 11.1 to the extent that Customer fails to: (i) give prompt written notice to Supplier of the claim, (ii) solely in relation to the Third Party IPR Claim, give Supplier conduct of
the defence of the Third Party IPR Claim in consultation with Customer (and Supplier shall consult with Customer in good faith in connection with any settlement of the Third Party IPR Claim); (iii) give Supplier reasonable assistance in defending
the claim; and (iii) use its commercially reasonable endeavours to mitigate its losses in connection with the claim. 
 12. CONFIDENTIALITY;
PUBLICITY; DATA SECURITY. 
 12.1 Confidentiality Obligations. 

(A) Except to the extent set out in this Section 12 or where disclosure is expressly permitted elsewhere in the Agreement, each
Party (the “Receiving Party”) shall procure that its Personnel and Subcontractors shall: (i) treat the Confidential Information of the other Party (the “Disclosing Party”) as confidential and keep it in secure custody (as
appropriate depending upon the form in which such materials are stored and the nature of the Confidential Information contained in those materials) using the same care and discretion to avoid disclosure, publication or dissemination as it uses with
its own similar information that it does not want to disclose, publish or disseminate; (ii) not disclose the Disclosing Party’s Confidential Information to any other person without the Disclosing Party’s prior written consent; and
(iii) immediately notify the Disclosing Party if it suspects or becomes aware of any unauthorised access, copying, use or disclosure in any form of any of the Disclosing Party’s Confidential Information. 

(B) Section 12.1(A) shall not apply to the extent that: (i) disclosure is a requirement of law placed upon the Receiving
Party; (ii) the information was already in the possession of the Receiving Party without obligation of confidentiality prior to its disclosure by the Disclosing Party; (iii) the information was obtained by the receiving Party from a third
party without obligation of confidentiality; (iii) the information was already in the public domain at the time of disclosure by the Disclosing Party otherwise than by a breach of this Agreement; or (iv) the information is independently
developed by the Receiving Party without access to the disclosing Party’s Confidential Information. 
 (C) Each Party as Receiving Party
shall in respect of any Confidential Information it may receive from the other Party as Disclosing Party pursuant to this Agreement implement security practices, against any unauthorised copying, use, access or disclosure (whether that disclosure is
oral, in writing or in any other form) of such Confidential Information. 
 (D) Nothing in this Agreement shall prevent the receiving Party
from disclosing the Disclosing Party’s Confidential Information on a confidential basis to any employee or professionally qualified legal, tax or audit adviser of the Receiving Party for the purposes of advising the Receiving Party on an
“as is” basis. 

  
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 (E) Each Party agrees that damages may not be an adequate remedy for any breach of this
Section 12 and that the other Party shall be entitled to seek the remedies of injunction, specific performance and any other appropriate equitable relief for any threatened or actual breach of this Section 12. 

(F) For the purposes of this Section 12 and this Agreement, “Confidential Information” means any information that is
marked, identified or designated as ‘confidential’ at the time of disclosure or which could reasonably be understood by its nature as confidential relating the Products and/or Services or the Parties and including without limitation
confidential information that is technical, commercial, strategic, financial, economic in nature, related to research, technical specifications, software, components, products, infrastructure, customers, service providers, subcontractors, network or
business of a Party, on any medium, verbal, visual or written, and communicated to the other Party during the negotiations or the performance of this Agreement (whether such information is marked “confidential” or not) and including the
terms of this Agreement. 
 12.2 Marks; Publicity. Neither Party nor anyone acting on its behalf (including any Personnel) will use any trade
name, trademark, service mark, logo, commercial symbol, or any other Proprietary Rights of the other Party or any of its Affiliates in any manner (including any use in any client list, press release, advertisement, or any other marketing or
promotional material) without prior written authorisation of such use by the other Party. Neither Party nor anyone acting on its behalf (including any Personnel) will issue any press releases, publicity, or make any other disclosures regarding this
Agreement or its terms or the nature or existence of any relationship between the Parties without the prior written authorisation by the other Party. 
 12.3
Data. 
 (A) Definitions. 

(i) “Customer Data” means all Route Data (a) collected, received, stored, or maintained by Supplier or
its Personnel, or generated or transmitted, in connection with Customer’s or its Personnel’s use of the Products or in connection with the performance of Supplier’s obligations under this Agreement, (b) provided by Customer or
its Personnel, to Supplier or Supplier’s Personnel, or (c) derived in whole or in part from (a) or (b). 

(ii) “Route Data” means the following data, content, or information in any form or format: location data,
geolocation data, vehicle weight, depot service schedule data, and route information. 
 (iii) “Supplier
Data” means any data, content, or information in any form or format collected, received, stored, or maintained by Supplier or its Personnel, or generated or transmitted, in connection with Customer’s use of the Products or in
connection with the performance of Supplier’s obligations under this Agreement which is not Customer Data. For the avoidance of doubt, Supplier Data shall include dynamometer data (including motor stress), energy consumption, records of
stressful battery events, on-board-diagnostic data, temperature data and data, content, or information related to general vehicle performance, battery life, brake performance, regeneration of brakes, load
volume, charging time, kWh economy, load vs GPS energy consumption data, thermal requirements, or other vehicle data and any data relating to the vehicles (including any derived or inferred data or information) other than Route Data. 

(B) Data Ownership and Access. Except to the extent otherwise specified in the applicable Work Order, Customer (or Affiliates of Customer, as
applicable) will be the sole and exclusive owner of all Customer Data. Supplier (or Affiliates of Supplier) shall be the sole and exclusive owner of all Supplier Data. Customer Data constitutes Customer “Confidential Information” under
this Agreement. Customer hereby grants Supplier a non-exclusive, worldwide, perpetual, irrevocable, transferable, royalty free, fully paid up license to use Customer Data for the purposes set out in
Section 12.3 (C)(C)(ii)below. 
 (C) Restrictions. 

(i) Supplier shall not, and shall not permit any other person to, (i) collect, maintain, monitor, store, or use Customer
Data, or (ii) sublicense, sell, or otherwise transfer any Customer Data to any third party, in each case except as expressly authorised under a Work Order. 

  
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 (ii) Supplier may collect, use, store and retain the Customer Data solely
(i) as necessary for Supplier to perform its obligations in accordance with this Agreement and the applicable Work Order; (ii) for the purposes of improving its products and services and for developing future products and services and
(iii) as otherwise expressly agreed between the Parties. Supplier will at no time monitor, collect, use or store any personally identifiable information other than on behalf of, and as directed by, Customer. 

(D) Security. Supplier will implement and maintain appropriate security measures in order to restrict access to Customer Data solely to
Personnel performing services for Customer under the applicable Order. Supplier will immediately notify Customer of any security breach relating to its systems or services that may involve Customer Data and will take all reasonably necessary
measures to mitigate the effect of such breach. 
 (E) Personal Data. If Supplier is processing or transferring Personal Data on
behalf of Customer, then when and as required by Customer from time to time, Supplier shall execute and/or shall cause its Affiliate(s) or contractor(s) to execute supplemental privacy and security terms with Customer or an Affiliate that receive
Services under the Agreement as required for the processing and/or transfer of Personal Data in accordance with Applicable Law. “Personal Data” means any information relating to an identified or identifiable natural person; an
identifiable natural person is one who can be identified, directly or indirectly, in particular by reference to an identification number or to one or more factors specific to his or her physical, physiological, mental, economic, cultural or social
identity. 
 13. TERM AND TERMINATION. 

13.1 Term. The term of this Agreement will commence on the Effective Date and, unless earlier terminated pursuant to this Section 13,
will continue until 31 December 2025 (the “Initial Supply Term”). The Agreement shall expire at the end of the Initial Supply Term unless a further Work Order is agreed by the Parties before the end of the Initial Supply Term in which
case this Agreement shall not expire until the effective date of termination (howsoever caused) or expiry of all Orders under this Agreement and/or as may be otherwise agreed between the Parties (the “Extended Supply Term”).
Notwithstanding termination, this Agreement shall continue to govern in all respects the Parties’ rights and obligations under any Purchase Orders then-outstanding until such Purchase Orders are (i) completed or (ii) terminated in
such manner specifically authorised herein. 
 13.2 Termination for Cause. 

(A) By Customer. Customer may terminate a Work Order and/or a Purchase Order under this Agreement and/or this Agreement in its entirety
upon Supplier’s material breach of this Agreement or under any Work Order or under any Purchase Order and Supplier’s failure to cure such breach within forty-five (45) days after receipt of written notice to Supplier specifying the
breach in reasonable detail. 
 (B) By Supplier. Supplier may terminate a Work Order and/or a Purchase Order under this Agreement
and/or this Agreement in its entirety upon Customer’s material breach of this Agreement or under any Work Order or under any Purchase Order and Customer’s failure to cure such breach within forty-five (45) days after receipt of
written notice to Customer specifying the breach in reasonable detail. 
 13.3 Termination for Insolvency. Either Party may terminate this
Agreement and any and all Work Orders and Purchase Orders under it immediately upon: (a) the filing of any voluntary petition by the other Party under any bankruptcy Applicable Law; (b) the filing of any involuntary petition against the
other Party under any bankruptcy Applicable Law that is not dismissed within sixty (60) days after filing; (c) any appointment of a receiver for all or a substantial portion of the other Party’s business or operations; or (d) any
assignment of all or substantially all the assets of the other Party for the benefit of creditors. 
 13.4 Termination for Convenience.
Customer may terminate a Work Order, Purchase Order or this Agreement for any reason upon thirty (30) days’ written notice to Supplier. 
 13.5
Effect of Termination. Upon termination or expiry of this Agreement, Supplier shall stop work immediately in relation to the Vehicles to be purchased under this Agreement and Customer shall be responsible to pay for the Products and
Services that have been ordered as of the date of the notice of termination. Customer shall not be liable to Supplier or any of its employees, subcontractors or agents for damages, losses, compensation or expenses of any kind or character whatsoever
that are incurred as a result of the termination of a Work Order, Purchase Order (except that in the event it terminates a Purchase Order, it shall be liable for the Compensation as set out in the Work Order), or this Agreement in accordance with
its terms, regardless of whether such damages, losses, costs or expenses consist of loss of prospective sales; expenses incurred; investments made in connection with the establishment, development or maintenance of Supplier’s business, or the
creation of goodwill, markets and customers for any goods; or any other element of claimed loss or damage. 

  
 12 

 13.6 Survival. The following Sections of this Agreement will survive termination or expiry of
this Agreement together with any provision that reasonably may be interpreted as surviving cancellation, termination or expiration of this Agreement: Sections 2, 4.2, 5.1, 9, 10.1, 11, 12,
13.5, 13.6, 14.2 to 14.10. 
 14. ADDITIONAL PROVISIONS. 

14.1 Governance. 
 (A) The Parties
will follow the Change Control Procedure as set out in Exhibit B of this Agreement for Changes (as defined in Exhibit B) to this Agreement or any Work Order. Customer will follow the Change Control Procedure as set out in this Agreement for any
request for a change to the Services or a change to Product specifications. Customer will follow the Change Control Procedure as set out in Exhibit B (Governance) for change requests required to Product specifications due to an applicable change of
Applicable Laws during the term of this Agreement. 
 (B) The Parties shall attempt to resolve any dispute in connection with this Agreement
in accordance with the dispute resolution process set out in Exhibit B (Governance). 
 (C) The Parties will set up a Steering
Committee to discuss the topics set out in Exhibit H. 
 14.2 Notices. Notices under this Agreement must be in writing and are
sufficient if given by nationally recognised overnight courier service, certified mail (return receipt requested), or personal delivery to the applicable Party at the address above the Party’s signature line. If no address is listed, notice to
a Party will be effective if given to any published address of such Party that the other Party selects. Notice is effective: (a) when delivered personally or (b) three (3) business days after sending by certified mail, (c) on the
business day after sending by a nationally recognised courier service. 
 14.3 Cumulative Rights. The rights and remedies of the Parties under
this Agreement are cumulative. Either Party may enforce any of its rights or remedies under this Agreement or other rights and remedies available to it at law or in equity. 

14.4 Setoff. Notwithstanding any other provision of this Agreement, either Party may delay or withhold payment of any sums due and payable to the
other Party, in whole or in part, on account of any failure of such Party to perform in accordance with this Agreement or for other reasonable cause (including to offset any damages, costs, or expenses incurred by Supplier on account of any default
by Customer with respect to any representations, warranties, or obligations set forth in this Agreement). 
 14.5 Assignment,
Subcontracting. 
 (A) Subject to Section 14.5(B), Supplier shall not assign any part or all of this
Agreement without Customer’s prior written consent except to its Affiliates. Notwithstanding the above, Supplier is responsible for the full performance of its obligations under this Agreement and for its Affiliates’ acts or omissions in
connection with this Agreement. Customer shall not assign any part or all of this Agreement without Supplier’s prior written consent except to its Affiliates. Notwithstanding the above, Customer is responsible for the full performance of its
obligations under this Agreement and for its Affiliates’ acts or omissions in connection with this Agreement. 
 (B) Either Party is
entitled to subcontract or delegate any of its obligations under this Agreement to any subcontractors or delegates (“Subcontractors”) without the other Party’s prior written consent. Notwithstanding such consent, each Party is
responsible for the full performance of its obligations under this Agreement and for its Subcontractor(s)’ acts or omissions in connection with this Agreement. 

14.6 Waivers and Remedies. No waiver of any breach of any provision of the Agreement will constitute a waiver of any prior, concurrent, or
subsequent breach of the same or any other provisions hereof. No waiver will be effective unless made in writing and signed by an authorised representative of the waiving Party. The failure of a Party to enforce any provision of this Agreement will
not constitute a waiver of the Party’s rights to subsequently enforce the provision. 
 14.7 Severability. If any provision of this
Agreement or the application thereof to any person, entity, or circumstance will at any time or to any extent be determined to be invalid or unenforceable under any provision of Applicable Law, to the full extent the Applicable Law may be waived, it
is hereby waived. To the extent such Applicable Law cannot be waived, the invalid or unenforceable provision will be replaced by a valid provision which comes closest to the intentions of the parties to this Agreement. In case such replacement
provision cannot be agreed upon, the invalidity of the provision in question will not affect the validity of any other provision or this Agreement as a whole, unless the invalid provision is of such essential importance that it can be reasonably
shown that the Parties would not have entered into this Agreement without the invalid provision. 

  
 13 

 14.8 Governing Law; Jurisdiction. This Agreement and any dispute or claim arising out of or in
connection with it or its subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with English laws. The Parties irrevocably agree that the
courts of England shall have exclusive jurisdiction to settle any dispute or claim that arises out of or in connection with this Agreement or its subject matter or formation (including non-contractual disputes
or claims). 
 14.9 Construction; Standard Forms. 

(A) The section headings of this Agreement are for convenience only and have no interpretive value. Whenever the singular number is used in
this Agreement and when required by the context, the same will include the plural and vice versa, and the masculine gender will include the feminine and neuter genders and vice versa. The words “include,” “includes” and
“including” will be deemed to be followed by “without limitation.” Each Party signing this Agreement acknowledges that it has had the opportunity to review this Agreement with legal counsel of its choice, and there will be no
presumption that ambiguities will be construed or interpreted against the drafter. The word “will” shall be construed to have the same meaning and effect as the word “shall.” The word “or” shall not be exclusive. The
phrase “to the extent” shall mean the degree to which a subject or other matter extends, and such phrase shall not simply mean “if.” All references to “$” and dollars shall be deemed to refer to United States currency
unless otherwise specifically provided. All references to a day or days shall be deemed to refer to a calendar day or calendar days, as applicable, unless otherwise specifically provided. 

(B) A Party may use its standard business forms or other communications to administer transactions under this Agreement, but use of such forms
is for the Parties’ convenience only and does not alter the provisions of this Agreement. In the event there is a conflict between the terms outlined in the standard business forms and this Agreement, this Agreement shall control. 

14.10 Entire Agreement; Precedence; Amendment. 

(A) This Agreement and all Addenda and other attachments, and all Work Orders issued hereunder, which are incorporated in and made a part of
this Agreement, constitute the entire agreement between the Parties with respect to the subject matters hereof and supersedes any previous or contemporaneous oral or written agreements, understandings, and discussions regarding such subject matters.

 (B) In the event that any conflict or inconsistency exists between the terms and conditions contained in this Exhibit A (General Terms and
Conditions) to this Agreement and any other terms and conditions attached to or incorporated into this Agreement as another Exhibit or other attachment that cannot be resolved on the face of such documents, then the terms of this Exhibit A (General
Terms and Conditions) will control. In the event of a conflict or inconsistency between the terms of a Work Order and the terms of a Purchase Order issued thereunder, the terms of the Work Order shall prevail to the extent of the conflict or
inconsistency, except for quantity, Delivery Date and Delivery Location for the Products or Services ordered under that Purchase Order. 

(C) This Agreement may be amended or modified only by a written instrument signed by a duly authorised agent of each Party. 

(D) This Agreement is not enforceable by any third parties and is not intended to confer any rights or benefits to anyone who is not a Party,
or Affiliates of a Party, to this Agreement. 
 14.11 Counterparts. This Agreement (including any Work Order or Purchase Order entered
into hereunder) may be executed in counterparts, each of which (including signature pages) will be deemed an original, but all of which together will constitute one and the same instrument. 

  
 14 

 EXHIBIT B 

GOVERNANCE 
  

	 	1.	 CHANGE CONTROL PROCEDURE 

Changes 
 Where either
Party wishes to make a change to this Agreement or any Order or other document agreed pursuant to the terms of this Agreement (a “Change”), then such Change must be made in accordance with the provisions of this Paragraph Error!
Reference source not found. (Change Control). 
  

	 	1.1	 Right to request Changes 

Within ten (10) business days of either Party informing the other Party of a proposal for a Change, Customer and Supplier shall discuss
the relevant Change to agree whether they wish to proceed further with the proposed Change or to abandon the proposed Change. 
 Neither
Party shall unreasonably withhold or delay its agreement to proceed further with a proposed Change, provided that either Party shall be entitled to withhold its agreement to a change to the term of the Agreement. 

 

	 	1.2	 Progression of Changes 

If the Parties agree to proceed further with a Change proposed under paragraph 1.1 then (unless otherwise agreed by the Parties) the Party
proposing the Change (the “Proposing Party”) shall prepare and submit to the other Party (the “Other Party”) a document which reflects the details of the Change (a “Change Control Notice” or
“CCN”). The CCN shall be prepared within thirty (30) days after the Parties agree to proceed further with that Change. 

The preparation of the CCN by the Proposing Party shall be at the sole cost and expense of the Proposing Party. 

 

	 	1.3	 Contents of the Change Control Notice 

Each Change Control Notice must contain: 

(i) a CCN serial number; 
 (ii)
the originator, date, reasons and full details of the relevant Change; 
 (iii) a timetable for implementing the relevant Change (taking
into account relevant resource issues) together with an appropriate extension of time for the performance of any associated obligations and any proposals for acceptance of the relevant Change; 

(iv) the date of expiry of validity of the CCN as agreed between the Parties, which, unless agreed otherwise between the Parties, shall be ten
(10) business days after the date of the CCN; and 
 (v) provision for signature by Customer and the Supplier for acceptance or
rejection of the CCN. 

  
 15 

	 	1.4	 Consideration of the Change Control Notice 

For each Change Control Notice submitted by the Proposing Party, the Other Party shall, within thirty (30) days of receipt of that CCN,
evaluate the CCN and, as appropriate: 
  

	 	(i)	 accept the CCN; 

  

	 	(ii)	 reject the CCN; or 

  

	 	(iii)	 endeavour to reach agreement with the Proposing Party on any amendments needed to the CCN to make it acceptable
to both Parties. If the amendments are agreed, the Proposing Party will resubmit the CCN to the Other Party. 

 The Other
Party may require the Proposing Party to provide additional information reasonably necessary to support the content of the CCN in which the Other Party has an additional thirty (30) days to review the CCN. 

 

	 	1.5	 Acceptance of CCN 

If the Other Party accepts the CCN, the Customer and the Supplier shall execute it as soon as possible. From the point at which the CCN is
validly executed by both Parties, the relevant section of the Agreement, Order or other documents shall be taken to have been amended in accordance with the CCN. 

The CCN shall have no effect unless and until it is validly executed. 

 

	 	1.6	 Minor and other changes 

Supplier shall be entitled to make minor changes to a Product or Service without the agreement of Customer. 

A minor change is one that does not have a material impact on the receipt of the Product or Service by the Customer, does not result in any
change to the Price and does not otherwise have a material adverse effect on Customer. 
 Where Supplier needs to make a Change to a Service
to ensure the proper security of its systems, it may make the Change at its own discretion and the consent of Customer will not be required in relation to that Change. 
  

	 	1.7	 Other 

Any discussion which may take place between Customer and Supplier in connection with a Change and before the authorisation of that Change in
accordance with this Paragraph Error! Reference source not found. Change Control Procedure shall be without prejudice to the rights of either Party. 
  

	 	2.	 DISPUTE RESOLUTION PROCESS 

“Relationship Manager” means [*] in relation to Supplier and [*] in relation to Customer. 

  
 16 

 Dispute Resolution 

 

	 	2.1	 The Parties shall attempt to resolve any dispute in relation to any aspect of, or failure to agree any matter
arising in relation to, this Agreement or any Order or other document agreed or contemplated as being agreed pursuant to this Agreement (a “Dispute”) informally through discussion, following written notice thereof in accordance with
Section 14.2 (Notice), between the following individuals: 

  

	 	(i)	 the Customer’s Relationship Manager and the Supplier’s Relationship Manager, and if they cannot
resolve the Dispute within ten (10) business days following written notice of the Dispute being raised; then 

  

	 	(ii)	 the Dispute may be referred by either Party to the President of Customer and the President of Supplier, and if,
within ten (10) business days of the Dispute having been referred to them, no agreement has been reached, the dispute resolution process shall be deemed to have been exhausted in respect of that Dispute, and each Party shall be free to pursue
the rights granted to it by this Agreement in respect of such Dispute without further reference to the dispute resolution process. 

  

	 	2.2	 The provisions of this Paragraph 2 (Dispute Resolution) shall not prevent either Party from applying for
interim relief whilst the Parties attempt to resolve a Dispute. 

  

	 	3.	 GOVERNANCE 

  

	 	3.1	 Relationship Managers 

The principal point of contact between Customer and Supplier in relation to issues arising out of this Agreement will be the Relationship
Managers. 
 Either Party may change the identity of its Relationship Manager at any time by written notice to the other in accordance with
Section 14.2 (Notice). 
  

	 	3.2	 Meetings 

  

	 	3.2.1	 Every quarter (or at such other frequency as the Parties may agree) the Parties shall procure that their
respective Relationship Managers meet (each such meeting, a “Management Meeting”) for the purposes of: 

  

	 	3.2.1.1	 discussing the day-to-day
management of the Agreement; 

  

	 	3.2.1.2	 discussing the current status of any Changes or proposed Changes; and 

 

	 	3.2.1.3	 considering any other issues arising under or in connection with this Agreement. 

  
 17 

 EXHIBIT C 

INITIAL WORK ORDER 
 EXHIBIT C 

WORK ORDER NO. 1 
 This
Work Order No. 1 (this “Work Order”), between United Parcel Service Inc., a Ohio corporation (“Customer”), and Arrival S.à r.l., a company limited by shares and incorporated under the laws of
Luxembourg (“Supplier”), is effective as of the date last signed by both Parties below (the “WO Effective Date”), and is entered into pursuant to the Vehicle Sales Agreement between Customer and Supplier to which
this Work Order is attached (together with all addenda attached thereto, the “Agreement”). Each capitalised term not defined in this Work Order has the meaning attributed to it in the Agreement. 

1. General. This Work Order forms part of the Agreement. The purpose of this Work Order is to set forth the general terms and conditions (in addition
to those set forth in Exhibit A to the Agreement (General Terms and Conditions) (the “T&Cs”) governing the manufacture, purchase, and sale of the Products described herein. 

2. Products. The Products available for purchase pursuant to Purchase Orders issued under this Work Order consist of: (i) [*] battery electric
cargo delivery vans designed for the North American, EU and UK markets with the product specifications described in Schedule 1 attached hereto (“[*] Vehicles”); (ii) [*] battery electric cargo delivery vans designed for
the North American, EU and UK markets with the product specifications described in Schedule 2 attached hereto (“[*] Vehicles”); and (iii) [*] battery electric cargo delivery described in Schedule 3 attached hereto (the
“[*] Vehicles”); (the [*] Vehicles are referred to collectively in this Work Order as “EVs” or “Vehicles”); and (iv) service parts, repair parts, and replacement parts manufactured, sourced, or supplied
for the EVs by Supplier or its authorised suppliers (referred to in the Agreement as “Parts”). The product specifications set forth in Schedule 1, Schedule 2 and Schedule 3 are collectively the “Product
Specifications” and the Parties acknowledge and agree that the Product Specifications may be amended by mutual agreement between the Parties prior to the first scheduled delivery of Vehicles. The Product Specifications defined in Schedule
1, 2, and 3 are intended to form the basis of a more detailed, mutually agreed and defined specification development process. The intent of the Schedules is to provide the framework for continued collaboration amongst both parties to develop
products that are acceptable to the intended use case and operational fit. The parties acknowledge and agree that the options listed in the feature list, Schedule 4, below may not be released at the scheduled start of production for the
Vehicles. The timing for introduction of certain features and the exact combination of feature set for each Vehicle will be agreed between the parties and will depend on availability and geographical location. The Steering Committee will develop and
finalize the vehicle specifications and features prior to the first production unit. 
 3. Ordering Process and Shipping. 

3.1 Customer will issue a Purchase Order to Supplier for the purchase of EVs at least 6 months prior to delivery of the EVs within a calendar quarter (the
“Lead time”), for example, before 30 June 2021 for delivery within calendar quarter Q1 2022 (1 January 2021 to 31 March 2021). Customer agrees to issue purchase orders on a calendar basis subject to Customer capital
funding process. 

  
 18 

 3.2 All Purchase Orders will be in the form of a written or electronic communication sent to the contact
point set forth below, and will specify: (i) the type and quantity of Products ordered; (ii) the agreed port; and (iii) the agreed date on which the Products must be delivered to the agreed port (“Delivery Date”).
Contact Information for Purchase Orders: Belardo@arrival.com 
 3.3 Customer shall also provide Supplier with (i) the final country destination in the
European Union and including the UK; and (ii) the final state destination in the USA (each a “Specified Destination”) of the Product at the time of submission of a Purchase Order. 

4. Launch Timing, Volume Commitment and Forecasting, Production Capacity. 

4.1 Target Product Launch Date. Supplier agrees to start delivering the EVs subject to the initial Purchase Order(s) issued under this Work Order in [*]
(“Target Product Launch Date”). 
 4.2 Purchase Volume. Customer agrees to collaborate with Supplier, and Supplier agrees to
manufacture and deliver EVs to Customer as agreed to in separate Purchase Orders as specified below. Supplier agrees to maintain capacity to manufacture and deliver EVs to support the indicative Production Forecast in Section 4.3. All purchases
and deliveries of EVs shall be made pursuant to separate Purchase Orders issued by Customer/its Affiliates and accepted by Supplier/its Affiliates under this Work Order. The actual amount of EVs ordered by Customer is subject to the Customer’s
sole discretion. In determining the amount of EVs that Customer may purchase, Customer may consider a variety of considerations including but not limited to operational needs, network design, capital constraints, underlying business case, changes to
vehicle landscape, and shifts in regulatory conditions for like or similar products. All commercial orders are subject to the completion of a definitive and signed Purchase Order as per the proforma order in Exhibit D. In the event that the EVs
ordered by Customer during a calendar year fall below the signed Purchase Order (the “Purchase Commitment”) for that build wave, Customer shall pay Supplier a compensation (calculated in accordance with the formula below) for failing to
meet the Purchase Commitment (the “Compensation”). In the event that Arrival is able to reuse components and other materials (“Reusable Costs”) purchased to support build then Arrival will reduce the Compensation by the
amount of Reusable Costs. This will be applied on a per vehicle model basis. Supplier shall invoice Customer for the Compensation for the applicable calendar year in the fourth calendar of that calendar year and Customer shall pay such invoice
within 30 days from the date of invoice. The Compensation will only apply to orders executed by both parties in the form of an Exhibit D where the reason for failing to meet the Purchase Commitment is not a result of the Supplier’s
actions. 
 [*] 
 Where: 

[*] 
 4.3 A. Production Forecasts. The tentative production
and delivery forecasts by applicable calendar year (“Forecasted Volume”*) for the Vehicles are as set forth in the tables below. Both parties agree, the Forecasted Volumes are indicative and subject to annual capital funding and may
be adjusted quarterly by written agreement of the parties. The Supplier will request and confirm the quarterly schedule with the Customer prior to each quarters forecast and setup the Steering Committee review if changes are requested. The Steering
Committee will review 

  
 19 

 
forecasted volumes three (3) months prior to each calendar quarter’s production and discuss any adjustments to the quarterly forecast. The Supplier has requested a six
(6) months’ prior written notice for the [*] production units. If the Supplier is unable to fulfill a production volume by EV model or year in accordance with the Production Forecast or fails to meet other material delivery conditions set
out in the Vehicle Purchase Agreement, the parties agree to mutually negotiate in good faith such changes to the Forecast. The Customer reserves the right to request, on at least 6 months’ prior written notice to the Supplier: (i) an
increase of the Order volumes, or (ii) an amendment to the volume splits between EV models in a given calendar year, as a priority customer to the Supplier. For circumstances where the Customer is able to acquire vehicles of substantially
similar quality and functionality from another supplier at a significantly lower price than the prices agreed to under Section 6.2, the Supplier will have the right to match the offer or allow the Customer to vary the vehicle volume
outlined in Section 4.3. Both parties agree that this is a good faith forecast for the vehicles. If there are material changes to operational needs, capital expenditures, or economic conditions, both parties agree to review and make
adjustments in good faith to the Production Forecast. 
 [*] 

[*] 
 B. Customer Option Rights. Provided
that it purchases the Production Forecast volume prior to the end of 2025, Customer will receive purchase options which may be exercised in its sole discretion to secure delivery of up to ten thousand (10,000) additional EVs pursuant to the terms
and conditions of this Work Order (the “Purchase Options”). Customer must provide written notice to Supplier of its exercise of the Purchase Option at least six (6) months prior to the start of the production quarter in which
the EVs will be delivered. Promptly following Customer’s issuance of notice of the exercise of the Purchase Option, the Parties will work together through the Steering Committee to define a quarterly production and delivery schedule for the EVs
subject to the Purchase Option. 
 4.4 Manufacturing Capacity; Disaster Recovery. 

(A) Manufacturing Capacity. During the Initial Supply Term, Supplier will dedicate and maintain sufficient manufacturing
capacity to manufacture and supply to Customer the Forecasted Volumes for EVs. Supplier will notify Customer within thirty (30) days of Supplier accepting any applicable Purchase Order if Supplier expects that it will be unable to fulfill that
or any other then-accepted Purchase Orders, and will provide a “make-good plan” for approval by Customer. The make-good plan, once approved by Customer, will become incorporated into and form a binding and material part of the applicable
Purchase Order. 

  
 20 

 (b) Early Delivery/Excess Capacity. If Supplier is ahead of its
manufacturing schedule or has excess manufacturing capacity, Supplier will notify Customer. In this event, Customer will have the option to take early delivery of EVs. Supplier and Customer will cooperate in reserving such additional capacity to
manufacture EVs and in revising the delivery schedule as mutually agreed. 
 (c) Disaster Recovery; Allocating
Capacity. In the event that the manufacturing capacity at any Supplier facility is reduced (e.g., for reasons of force majeure), Supplier will make reasonable efforts to allocate the remaining capacity so that the percentage reduction in
manufacturing capacity dedicated to the Forecasted Volumes is no greater than the overall percentage reduction Supplier has suffered at the relevant facility. 

5. Individual EV/ Fleet Downtime. Both parties agree to establish Key Performance Indicators (“KPI”) prior to deployment of the
production units. The KPI terms and conditions will be depicted in the Exhibit F of the Vehicle Sales Agreement. 
 6. Purchase Price 

6.1 Purchase Price. Subject to Section 6.2 below, the per unit
not-to-exceed purchase price for each type of EV delivered to Customer shall be as set forth in the table below, in each case when the EV meets the Vehicle
Specifications described in the applicable Schedule attached hereto as amended from time to time in mutual agreement between the Parties (the “Purchase Price”). These prices are exclusive of applicable national, federal, state, or
local sales or use taxes, value added taxes, or similar taxes that Supplier is legally obligated to pay in the relevant jurisdiction. For the initial Work Order and any additional orders beyond the Production Forecast in Section 4.3, [*]. 

6.2 Not to Exceed Purchase Price: 
 [*]

  
 21 

 [*] 

6.3 Finalisation of Purchase Price. The final Purchase Price for the applicable model of EV will be finalised in the applicable Purchase Order(s) based
on the applicable Purchase Price set forth above, adjusted [*] or changes to the Product Specifications that are agreed upon by the Parties prior to the start of production of any applicable EV or that are required by Applicable Law in effect as of
the Delivery Date or as below. Any specifications changes will be indicated on the Exhibit D, which will be considered (the “Form of Purchase Order”). The execution of an Exhibit D constitutes a firm Purchase order. The Not
to Exceed Purchase Price in Section 6.2 includes all features by EV model listed in Schedule 4. 
 Supplier’s Purchase Price set out in
Section 6.1 above has a default currency of EUR. Section 6.1 sets out the initial translation of this default EUR Purchase Price into USD, intended for use with Purchase Orders for delivery within the USA. This initial translation
has been performed at the prevailing rate as at the Effective Date of EUR1.00 = USD1.19. In the event that the EUR: USD exchange rate changes by more than USD0.05 either up or down, then Arrival reserves the right to reset the translation for future
Purchase Orders. 
 6.4 Cell Price Cost Savings. [*]. 

Each Party’s authorised representative is signing this Work Order on the date set forth below such Party’s signature. 

 

									
	Customer:	 	                    	  	Supplier:
			
	UPS Parcel Service, Inc.	 		  	Arrival S.à r.l.
					
	By:	 	 /s/ Jose Turkienicz
	 		  	By:	  	 /s/ Csaba Horvath

	Printed Name: Jose Turkienicz	 		  	Printed Name: Csaba Horvath
	Title: Chief Procurement officer	 		  	Title: Manager
	Date Signed: 10/8/2020 | 6:54 PM PDT	 		  	Date Signed: 10/8/2020 | 10:13 AM PDT
		 		  	

  
 22 

 Privileged & Confidential 

Schedule 1 

[*] VEHICLE PRODUCT SPECIFICATION 
  

							
	Vehicle Basics	  	 Package Car Type Group
  

Primary Market
  

Manufacturer - Chassis
  

Manufacturer - Body
  

Manufacturer - Drivetrain
  

Fuel Type / Propulsion
	  	[*]
			
	Weights	  	 GVW (KG)
  

Kerb Weight (KG)
  

Payload (KG)
	  	 [*]

				
	Powertrain	  	Engine	  	 Emissions Standard
  

Manufacturer
  

Model
  

Propulsion Type
  

Number of Cylinders
  

Cubic Capacity
  

Maximum Power - hp (kW) [at RPM]
  

Maximum Torque - Nm [at RPM]
	  	[*]
				
	Dimensions	  	Vehicle	  	 Length (mm)
  

Width (mm)
  

Height (mm)
  

Wheelbase (mm)
  

Ground Clearance (Lowest Point) (mm)
	  	[*]
	  	Cargo	  	  
 Length (mm)

 
 Width (mm)
  

Height (mm)
  

Maximum Permissible Volume Capacity (m3)

 
 Grouping Volume Capacity (m3)

 
	  	[*]
	  	Shelving	  	 Shelf Width (mm)
  

Walkway Width (mm)
  

Lower Shelf Position - Floor to Shelf (mm)
  

Upper Shelf Position - Floor to Shelf (mm)
  
	  	[*]
	  	Cabin Door	  	 Step Position - Height to Ground (mm)
  

Floor Position - Height to Ground (mm)
  

Aperture Height - At First Step (mm)
  

Aperture Width - At Should Height (mm)
  

Step Width
  

Step Depth (First Step)
  
	  	[*]
	  	Rear Door	  	 Type
  

Floor Position - Height to Ground (mm)
  

Aperture Height (mm)
  

Aperture Width (mm)
  
	  	[*]
	  	Bulkhead	  	 Type
  

Aperture Height (mm)
  

Aperture Width (mm)
	  	[*]

  
 23 

 Schedule 2 

[*] VEHICLE PRODUCT SPECIFICATION 
  

							
	Vehicle Basics	  	 Package Car Type Group
  

Primary Market
  

Manufacturer - Chassis
  

Manufacturer - Body
  

Manufacturer - Drivetrain
  

Fuel Type / Propulsion
  
	  	[*]
	Weights	  	 GVW (KG)
  

Kerb Weight (KG)
  

Payload (KG)
  
	  	 [*]

	Powertrain	  	Engine	  	 Emissions Standard
  

Manufacturer
  

Model
  

Propulsion Type
  

Number of Cylinders
  

Cubic Capacity
  

Maximum Power - hp (kW) [at RPM]
  

Maximum Torque - Nm [at RPM]
  
	  	 [*]

	Dimensions	  	Vehicle	  	 Length (mm)
  

Width (mm)
  

Height (mm)
  

Wheelbase (mm)
  

Ground Clearance (Lowest Point) (mm)
  
	  	 [*]

	  	Cargo	  	 Length (mm)
  

Width (mm)
  

Height (mm)
  

Maximum Permissible Volume Capacity (m3)

 
	  	 [*]

	  	 Grouping Volume Capacity (m3)

 
	  	[*]
	  	Shelving	  	 Shelf Width (mm)
  

Walkway Width (mm)
  

Lower Shelf Position - Floor to Shelf (mm)
  

Upper Shelf Position - Floor to Shelf (mm)
  
	  	
	  	Cabin Door	  	 Step Position - Height to Ground (mm)
  

Floor Position - Height to Ground (mm)
  

Aperture Height - At First Step (mm)
  

Aperture Width - At Should Height (mm)
  

Step Width
  

Step Depth (First Step)
  
	  	 [*]

	  	Rear Door	  	 Type
  

Floor Position - Height to Ground (mm)
  

Aperture Height (mm)
  

Aperture Width (mm)
  
	  	 [*]

	  	Bulkhead	  	 Type
  

Aperture Height (mm)
  

Aperture Width (mm)
	  	 [*]

  
 24 

 Schedule 3 

[*] VEHICLE PRODUCT SPECIFICATION 
  

							
	Vehicle Basics	  	 Package Car Type Group
  

Primary Market
  

Manufacturer - Chassis
  

Manufacturer - Body
  

Manufacturer - Drivetrain
  

Fuel Type / Propulsion
  
	  	[*]
	Weights	  	 GVW (KG)
  

Kerb Weight (KG)
  

Payload (KG)
  
	  	 [*]

	Powertrain	  	Engine	  	 Emissions Standard
  

Manufacturer
  

Model
  

Propulsion Type
  

Number of Cylinders
  

Cubic Capacity
  

Maximum Power - hp (kW) [at RPM]
  

Maximum Torque - Nm [at RPM]
  
	  	 [*]

	Dimensions	  	Vehicle	  	 Length (mm)
  

Width (mm)
  

Height (mm)
  

Wheelbase (mm)
  

Ground Clearance (Lowest Point) (mm)
  
	  	 [*]

		  	Cargo	  	 Length (mm)
  

Width (mm)
  

Height (mm)
  

Maximum Permissible Volume Capacity (m3)

 
 Grouping Volume Capacity (m3)

 
	  	 [*]

		  	Shelving	  	 Shelf Width (mm)
  

Walkway Width (mm)
  

Lower Shelf Position - Floor to Shelf (mm)
  

Upper Shelf Position - Floor to Shelf (mm)
  
	  	 [*]

		  	Cabin Door	  	 Step Position - Height to Ground (mm)
  

Floor Position - Height to Ground (mm)
  

Aperture Height - At First Step (mm)
  

Aperture Width - At Should Height (mm)
  

Step Width
  

Step Depth (First Step)
  
	  	 [*]

		  	Rear Door	  	 Type
  

Floor Position - Height to Ground (mm)
  

Aperture Height (mm)
  

Aperture Width (mm)
  
	  	 [*]

		  	Bulkhead	  	 Type
  

Aperture Height (mm)
  

Aperture Width (mm)
	  	 [*]

  
 25 

 Schedule 4 

VEHICLE FEATURES 
  

			
	 [*]
	  	[*]

  
 26 

			
	[*]	 	

  
 27 

 EXHIBIT D 

FORM OF PURCHASE ORDER 
 This Purchase Order No. [#]
(“PO”) is made on the          day of                  ,
20         (the “PO Effective Date”). 
 Between: 

 

					
	(1)	  	[UPS Inc.or UPS Affiliate]	  	a [Country] registered [limited company] whose primary office is at [Insert Address] (“Buyer”); and
			
	(2)	  	[Arrival Affiliate]	  	a [Country] registered [limited company] whose primary office is at [Insert Address] (“Seller”);

 This PO is entered into as contemplated by the Vehicle Sales Agreement, dated
[                ], between UPS Inc. and Arrival S.à r.l. (the “Agreement”), and Work Order No. [#], dated
[                ], between UPS Inc. and Arrival S.à r.l. (the “Work Order”). 

This PO hereby incorporates by reference the terms and conditions of the Agreement and the Work Order No [#]. Capitalized terms used in this PO will have the
meanings set out in the Agreement or the Work Order. 
  

							
	  

	  

	  

	  
	  		  		  	

  

											
	 Type
	  	Description	  	Qty	  	Price	  	Appropriation	  	Job #

 Special Terms: 

[Insert any additional special terms that override the Agreement or Work Order.] 

Except as delineated herein, Buyer and Seller reaffirm all other obligations, terms and conditions contained in the Agreement. 

 

							
	Seller:	 	            	  	Buyer:
				
	By	 	  
	 		  	  

			
	  
	 		  	  

	Print Name	 		  	Print Name
			
	  
	 		  	  

	Title	 		  	Title

  
 28 

 EXHIBIT E 

INFORMATION SECURITY AGREEMENT 
 [To be agreed and attached
prior to the first firm Purchase Order] 
 EXHIBIT F 

KEY PERFORMANCE INDICATORS 
 [To be agreed and attached
prior to the first firm Purchase Order] 

  
 29 

 EXHIBIT G 

VEHICLE AND BATTERY WARRANTIES 
 [To be agreed and attached
prior to the first firm Purchase Order] 

  
 30 

 Confidential 

EXHIBIT H 
 STEERING COMMITTEE 

The Steering Committee will work closely together up to the delivery date of production units to finalize and agree on the terms and conditions of the
following topics. Both parties agree that further testing and developments are required to reach terms. All sections must be amended to the Vehicle Purchase Agreement prior to the delivery date and acceptance of the first production unit for each
country: 
  

	I.	 Key Performance Indictors (KPIs) 

 

	II.	 Vehicle and Battery Warranties 

 

	III.	 Job Codes and Time Allowances to support labour claims 

 

	IV.	 Labour Rates for each Territory 

 

	V.	 Final Vehicle Specifications and Features for each Territory 

 

	VI.	 Information Security Agreement (ISA) 

 

	VII.	 Spare Parts Escrow List 

 

	VIII.	 UPS/Company Affiliate Program 

  
 31

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