Document:

EX-10.13

 Exhibit 10.13 

Execution Version 

EMPLOYEE MATTERS AGREEMENT 

BY AND BETWEEN 

HARLEY-DAVIDSON, INC. 

AND 
 LIVEWIRE EV, LLC

 DATED AS OF SEPTEMBER 26, 2022 
  

 EMPLOYEE MATTERS AGREEMENT 

This Employee Matters Agreement (the “Agreement”) is entered into effective as of September 26, 2022, by and
between Harley-Davidson, Inc., a Wisconsin corporation (“HD”), and LiveWire EV, LLC, a Delaware limited liability company and wholly owned subsidiary of HD (“LiveWire”), each a
“Party” and together, the “Parties.” Capitalized terms used but not otherwise defined shall have the respective meanings assigned to them in Article I. 

RECITALS: 
 WHEREAS, the
board of directors of HD (the “HD Board”) has previously determined that it is appropriate, advisable and in the best interests of HD and its stockholders for HD to separate the LiveWire Business from the HD Business, on the
terms and conditions set forth herein and in the Separation Agreement; 
 WHEREAS, to effect the Separation (as defined in the Separation
Agreement), the Parties are entering into that certain Separation Agreement dated as of the date hereof (as amended from time to time, the “Separation Agreement”); 

WHEREAS, in connection with their entry into the Separation Agreement, HD and LiveWire are entering into this Agreement for the purpose of
allocating between and among them and certain of their subsidiaries certain assets, Liabilities and responsibilities with respect to certain (i) employees, independent contractors and directors, (ii) compensation, equity and benefit plans,
programs and arrangements and (iii) other employee-related matters; and 
 WHEREAS, immediately following the consummation of the
Separation and pursuant to the terms of that Business Combination Agreement, dated as of December 12, 2021 (as such agreement may be modified, restated, waived or amended from time to time in accordance with its terms, the “Business
Combination Agreement”), among other things, (a) LiveWire Group, Inc. (formerly known as LW EV Holdings, Inc.), a Delaware corporation (“HoldCo”) will become the sole stockholder of AEA-Bridges Impact Corp., an exempted company incorporated in the Cayman Islands (“SPAC”), (b) HD will contribute, or cause to be contributed, LiveWire to HoldCo and (c) SPAC will become
the sole equityholder and managing member of LiveWire (the “Business Combination” and, together with the Separation, the “Transactions”); 

NOW, THEREFORE, in consideration of the foregoing and the mutual agreements, provisions and covenants contained in this Agreement, the Parties
hereby agree as follows: 
 ARTICLE I 

DEFINITIONS 
 Capitalized
terms used and not otherwise defined in this Agreement shall have their respective meanings set forth below: 

“ACA” means the Patient Protection and Affordable Care Act of 2010, as amended. 

“Accrued PTO” means, with respect to a LiveWire Employee or a HD Employee, such individual’s accrued vacation, if
any. 

  
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 “Action” means any demand, action, claim, complaint, dispute, suit,
countersuit, arbitration, inquiry, subpoena, proceeding, audit or investigation of any nature (whether criminal, civil, legislative, administrative, regulatory, prosecutorial or otherwise) by or before any Governmental Entity or in any arbitration
or mediation. 
 “Affiliate” means, when used with respect to a specified Person, a Person that, directly or
indirectly, through one or more intermediaries, controls, is controlled by or is under common control with such specified Person. For the purpose of this definition, “control” (including with correlative meanings, “controlled by”
and “under common control with”), when used with respect to any specified Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through
the ownership of voting securities or other interests, by contract, agreement, obligation, indenture, instrument, lease, promise, arrangement, release, warranty, commitment, undertaking or otherwise. It is expressly agreed that for purposes of this
Agreement, following the execution of this Agreement, (i) no member of the HD Group shall be deemed to be an Affiliate of any member of the LiveWire Group, (ii) no member of the LiveWire Group shall be deemed to be an Affiliate of any
member of the HD Group and (iii) no joint venture formed after the Separation Time solely between one or more members of the HD Group, on the one hand, and one or more members of the LiveWire Group, on the other hand, shall be deemed to be an
Affiliate of, or owned or controlled by, any member of the HD Group or the LiveWire Group for the purposes of this Agreement. 

“Ancillary Agreements” shall have the meaning provided in the Separation Agreement. 

“Approvals or Notifications” shall have the meaning provided in the Separation Agreement. 

“Assets” shall have the meaning provided in the Separation Agreement. 

“Benefit Plan” means any compensation and/or benefit plan, program, arrangement, agreement or other commitment,
including each (i) employment, consulting, severance, termination, pension, retirement, supplemental retirement, excess benefit, profit sharing, bonus, incentive, sales incentive, commission, management objective program, deferred compensation,
retention, transaction, change in control and similar plan, program, arrangement, agreement or other commitment, (ii) stock option, restricted stock, stock unit, performance stock, stock appreciation, stock purchase, deferred stock, phantom
equity or other compensatory equity or equity-based plan, program, arrangement, agreement or other commitment, (iii) savings, life, health, welfare, post-employment welfare, disability, accident, medical, dental, vision, cafeteria, insurance,
flexible spending, adoption/dependent/employee assistance, tuition, vacation, relocation, paid-time-off, other fringe benefit and any other benefit or compensation plan, program, arrangement, agreement or
other commitment, including in each case, each “employee benefit plan” as defined in Section 3(3) of ERISA (whether or not subject thereto) and (iv) any trust, escrow, funding, insurance or other agreement related to any of the
foregoing. 
 “Business Records” means all files, documents, instruments, papers, books, studies, reports, records,
tapes, microfilms, photographs, letters, ledgers, journals, financial statements, technical documentation (design specifications, functional requirements, operating instructions, logic manuals, flow charts, etc.), user documentation (installation
guides, user manuals, training materials, release notes, working papers, etc.), correspondence, lists (including customer and supplier lists and information), regulatory records associated with any Governmental Entity, promotional materials,
employee records, corporate records, Tax Returns, other Tax work papers and files and other documents in whatever form, physical, electronic (including email) or otherwise. 

  
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 “Closing Company Financial Statements” has the meaning provided in
the Business Combination Agreement. 
 “COBRA” means the continuation coverage requirements for “group health
plans” under Title X of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and as codified in Code Section 4980B and Sections 601 through 608 of ERISA, together with all regulations promulgated thereunder, and any
similar state Law. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Contractor” means, with respect to any member of the LiveWire Group or member of the HD Group, any independent
individual or agency personnel who works or has worked for such entity (including, without limitation, full-time, part-time or temporary workers). Contractors may include, without limitation, independent contractors who invoice a member of the
LiveWire Group or a member of the HD Group (as applicable) directly for services provided and agency workers for which the applicable agency invoices a member of the LiveWire Group or a member of the HD Group (as applicable) for services provided.
For the avoidance of doubt, Contractors shall not include third-party firms, vendors or other entities that provide services relating to a particular expertise or subject matter to a member of the LiveWire Group or a member of the HD Group or any of
their employees or other personnel. 
 “Director” shall mean, with respect to any member of the LiveWire Group or
member of the HD Group, a non-employee member of the board of directors or managers, as applicable, of such entity. 

“Employee” shall mean, with respect to any member of the LiveWire Group or member of the HD Group, any full-time or
part-time employee of such entity. 
 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as
amended. 
 “Governmental Approvals” shall have the meaning provided in the Separation Agreement. 

“Governmental Entity” means any governmental or regulatory authority, agency, commission, body or other governmental
or regulatory entity (including any court or arbitral body (public or private)), United States or non-United States, national or supra-national, state or local, including the SEC and the other Regulatory
Authorities. 
 “HD 401(k) Plan” shall mean the Harley-Davidson Retirement Savings Plan for Salaried Employees, as
amended and/or restated from time to time. 

  
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 “HD Benefit Plan” shall mean each Benefit Plan that is not a
LiveWire Benefit Plan, LiveWire Individual Agreement or an HD Individual Agreement, and (i) which is sponsored, maintained, entered into, or contributed to by any member of the HD Group, or (ii) with respect to which any member of the HD
Group otherwise has any liability or obligation, whether fixed or contingent, including the HD Equity Plans, the HD 401(k) Plan, the HD Deferred Compensation Plan, the HD Health and Welfare Plans, the HD Cafeteria Plan, the HD Retiree Health Care
Account and the HD Cash Incentive Plans. 
 “HD Business” has the meaning ascribed to “Harley Business” in
the Separation Agreement. 
 “HD Cafeteria Plan” shall mean a “cafeteria plan” (within the meaning of
Section 125 of the Code) maintained by any member of the HD Group. 
 “HD Cash Incentive Plan” shall mean each
annual performance bonus, cash incentive compensation, commission or similar cash payment, plan or program maintained by HD in which one or more LiveWire Employees is eligible to participate as of immediately prior to the Separation Time. 

“HD Common Stock” shall mean the issued and outstanding shares of common stock of HD. 

“HD Deferred Compensation Plan” shall mean the Harley-Davidson Management Deferred Compensation Plan, as amended
and/or restated from time to time. 
 “HD Employee” shall mean each Employee, Contractor or Director who provides
services primarily for the benefit of the HD Business and who (i) following the Separation Time, remains employed by or in service with any member of the HD Group, including any such active employees and any such employees on approved leaves of
absence, or (ii) terminated or terminates, as applicable, services with the HD Group prior to the Separation Time. 
 “HD
Equity Awards” shall mean, collectively, any equity award granted pursuant to any HD Equity Plan. 
 “HD Equity
Plans” shall mean, collectively, the Harley-Davidson, Inc. 2009 Stock Incentive Plan, the Amended and Restated Harley-Davidson, Inc. 2014 Stock Incentive Plan, and the Harley-Davidson, Inc. 2020 Stock Incentive Plan. 

“HD Group” has the meaning provided in the Separation Agreement. 

“HD Indemnitees” has the meaning provided in the Separation Agreement. 

“HD Individual Agreement” shall mean each Benefit Plan sponsored, maintained, entered into or contributed to by any
member of the HD Group or with respect to which any member of the HD Group otherwise has any liability or obligation, whether fixed or contingent, in any case, under which no more than one service provider is eligible to receive compensation and/or
benefits. 

  
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 “HD Participant” shall mean any individual who (i) prior to the
Separation Time, is eligible to participate in one or more HD Benefit Plans, and (ii) following the Separation Time, is (A) a HD Employee who is eligible to participate in one or more HD Benefit Plans, or (B) a beneficiary, dependent
or alternate payee of any of the foregoing. 
 “HD Pension Plans” shall mean (i) the Harley-Davidson Retirement
Annuity Plan and (ii) the Harley Davidson Retirement Plan, in each case, as amended and/or restated from time to time. 

“HD Retiree Health Care Account” means the Harley-Davidson Motor Company Group Retiree Health Care Account. 

“HD RSU Award” shall mean an award of restricted stock units granted under the Harley-Davidson, Inc. 2020 Stock
Incentive Plan (excluding any such award subject to vesting based on the attainment of performance metrics). 

“HIPAA” shall mean the Health Insurance Portability and Accountability Act of 1996, as amended. 

“IRS” shall mean the U.S. Internal Revenue Service. 

“Law” means any supranational, federal, state, local or provincial, municipal, foreign or common law, act, code,
statute, treaty, ordinance, rule, regulation, order, judgment, injunction, award, decree, agency requirement, writ, franchise, variance, exemption, approval, certificate, notice, bylaw, standard, policy guidance, license, permit or other binding
requirements, policies or instruments of any relevant jurisdiction, including in the United States or elsewhere issued, promulgated, adopted or entered into by or with any Governmental Entity or any Self-Regulatory Organization. . 

“Liabilities” shall have the meaning provided in the Separation Agreement. 

“LiveWire 401(k) Plan” shall mean the LiveWire EV, LLC 401(k) Plan, as amended and/or restated from time to time. 

“LiveWire Benefit Plan” shall mean each Benefit Plan that is not an HD Benefit Plan, HD Individual Agreement or a
LiveWire Individual Agreement and (i) which is sponsored, maintained, entered into or contributed to, in each case, solely by any member of the LiveWire Group or (ii) with respect to which any member of the LiveWire Group otherwise has any
liability or obligation, whether fixed or contingent, including the LiveWire 401(k) Plan, the LiveWire Cafeteria Plan, the LiveWire Health and Welfare Plans and the LiveWire Cash Incentive Plan. 

“LiveWire Business” has the meaning provided in the Separation Agreement. 

“LiveWire Business Records” shall mean all Business Records to the extent related to the LiveWire Business. 

  
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 “LiveWire Cafeteria Plan” shall mean the “cafeteria plan”
(within the meaning of Section 125 of the Code) maintained by LiveWire. 
 “LiveWire Employee” shall mean each
Employee or Contractor who provides services primarily for the benefit of the LiveWire Business and who, following the Separation Time, remains employed by or in service with any member of the LiveWire Group, including any such employees on approved
leaves of absence, in each case, as set forth on Exhibit A, which shall be updated within three (3) days prior to the Separation Time. 

“LiveWire Group” has the meaning provided in the Separation Agreement. 

“LiveWire Indemnitee” has the meaning provided in the Separation Agreement. 

“LiveWire Individual Agreement” shall mean each Benefit Plan sponsored, maintained entered into or contributed to by
any member of the LiveWire Group or with respect to which any member of the LiveWire Group otherwise has any liability or obligation, whether fixed or contingent, in any case, under which no more than one service provider is eligible to receive
compensation and/or benefits. 
 “LiveWire Participant” shall mean any individual who, (i) prior to the
Separation Time, is eligible to participate in one or more HD Benefit Plans or LiveWire Benefit Plans, and (ii) following the Separation Time, is (A) a LiveWire Employee who is eligible to participate in one or more LiveWire Benefit Plans,
or (B) a beneficiary, dependent or alternate payee of any of the foregoing. 
 “NYSE” means the New York Stock
Exchange. 
 “Participating Company” shall mean, (i) with respect to a LiveWire Benefit Plan, any member of the
LiveWire Group that is a participating employer in such LiveWire Benefit Plan; and (ii) with respect to an HD Benefit Plan, any member of the HD Group and, prior to the Separation Time, any member of the LiveWire Group, in each case, that is a
participating employer in such HD Benefit Plan. 
 “Person” means any individual, corporation (including not-for-profit), general or limited partnership, limited liability company, joint venture (including with respect to any vessel), estate, trust, association, organization,
Governmental Entity or other entity of any kind or nature. 
 “SEC” means the U.S. Securities and Exchange
Commission. 
 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of the
SEC promulgated thereunder. 
 “Self-Regulatory Organization” means any United States or non-United States commission, board, agency or body that is not a Governmental Entity but is charged with the supervision or regulation of brokers, dealers, securities underwriting or trading, stock exchanges,
commodities exchanges, electronic communication networks, insurance group or agents, investment group or investment advisers, including the NYSE. 

  
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 “Separation Time” has the meaning provided in the Separation Agreement.

 “Shared Employee” means the individual set forth on Exhibit B. 

“Subsidiary” means, with respect to any Person, any entity, whether incorporated or unincorporated, of which at least
a majority of the securities or ownership interests having by their terms voting power to elect a majority of the board of directors or other Persons performing similar functions is directly or indirectly owned or controlled by such Person or by one
or more of its respective Subsidiaries. 
 “Third Party” means any Person that is not a member of the HD Group or
LiveWire Group. 
 ARTICLE II 

GENERAL PRINCIPLES 
 Section 2.1
Post-Separation Employment. Immediately after the Separation Time, by virtue of this Agreement and without further action by any Person, (a) each LiveWire Employee shall continue to be employed or engaged at LiveWire or such other member
of the LiveWire Group as employs or engages such LiveWire Employee as of immediately prior to the Separation Time, and (b) each HD Employee, to the extent then employed, shall continue to be employed or engaged at HD or such other member of the
HD Group as employs or engages such HD Employee as of immediately prior to the Separation Time. The Parties shall take all actions as are necessary to ensure that all LiveWire Employees are employed or engaged at a member of the LiveWire Group and
all HD Employees are employed or engaged at a member of the HD Group, in each case, as of immediately prior to the Separation Time. 
 Section 2.2
No Termination/Severance; No Change in Control. Except as otherwise set forth in Section 5.2 or Section 7.7(e), no LiveWire Employee or HD Employee shall be deemed to (a) terminate
employment or service solely by virtue of the consummation of the Separation, any transfer of employment or other service relationship contemplated hereby, or any related transactions or events contemplated by the Separation Agreement, this
Agreement or any Ancillary Agreement, or (b) become entitled to any severance, termination, separation or similar rights, payments or benefits, whether under any Benefit Plan or otherwise, in connection with any of the foregoing. Neither the
Separation (as defined in the Separation Agreement) nor any other transaction(s) contemplated by the Separation Agreement, this Agreement or any Ancillary Agreement shall constitute or be deemed to constitute a “change in control,” a
“change of control,” “corporate change” or any similar corporate transaction impacting the vesting or payment of any amounts or benefits for purposes of any LiveWire Benefit Plan or HD Benefit Plan. 

Section 2.3 Employment Law Liabilities. 

(a) Separate Employers. Subject to the provisions of ERISA and the Code, on and after the Separation Time, each member of the HD Group
shall be a separate and independent employer from each member of the LiveWire Group. 
 (b) Employment Litigation. Except as otherwise
expressly provided in this Agreement: 
 (i) HD and/or the other members of the HD Group shall be solely liable for, and no
member of the LiveWire Group shall have any obligation or Liability with respect to, any employment-related claims and Liabilities regarding (A) HD Employees and/or prospective HD Employees relating to, arising out of, or resulting from the
prospective employment or service, 

  
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actual employment or service and/or termination of employment or service, in any case, of such individual(s) with any member of the HD Group or any member of the LiveWire Group, whether the basis
for such claims arose before, on, or after the Separation Time, including, without limitation, any claim or Liability relating to or arising out of any such individual’s participation in an HD Benefit Plan or an HD Individual Agreement, and
(B) LiveWire Employees relating to, arising out of, or resulting from the actual employment or service of such individual(s) with any member of the HD Group or any member of the LiveWire Group, solely if the basis for such claims arose on or
before the Separation Time, including, without limitation, any such claim or Liability relating to or arising out of any such individual’s participation in an HD Benefit Plan or HD Individual Agreement. For the avoidance of doubt, the HD Group
shall be solely responsible for any wages or benefits that have been accrued but not yet paid as of the Separation Time, and shall indemnify the LiveWire Indemnitees for any such Liabilities. The HD Group shall indemnify the LiveWire Indemnitees for
any Liabilities related to this Section 2.3(b)(i) pursuant to Section 2.3 of the Separation Agreement. 

(ii) LiveWire and/or the other members of the LiveWire Group shall be solely liable for, and no member of the HD Group shall
have any obligation or Liability with respect to, any employment-related claims and Liabilities regarding LiveWire Employees and/or prospective LiveWire Employees relating to, arising out of, or resulting from the prospective employment or service,
actual employment or service and/or termination of employment or service, in any case, of such individual(s) with any member of the LiveWire Group, solely if the basis for such claims arose after the Separation Time, including, without limitation,
any such claim or Liability relating to or arising out of any such individual’s participation in a LiveWire Benefit Plan or LiveWire Individual Agreement. For the avoidance of doubt, the LiveWire Group shall be solely responsible for any wages
of the LiveWire Employees or benefits under LiveWire Benefit Plans, or LiveWire Individual Agreements, in each case, that are accrued on and after the Separation Time, and shall indemnify the HD Indemnitees for such Liabilities. The LiveWire Group
shall indemnify the HD Indemnitees for any Liabilities related to this Section 2.3(b)(ii) in accordance with the terms of Section 2.2 of the Separation Agreement. 

(iii) Notwithstanding the foregoing, any employment-related claims and Liabilities regarding the Shared Employee relating to,
arising out of, or resulting from the employment or service and/or termination of employment or service of such Shared Employee with the HD Group or the LiveWire Group shall be allocated between the HD Group and the LiveWire Group in accordance with
the allocation methodology mutually agreed upon by HD and LiveWire. 
 (c) Claims; Prior Notice of Claims Settlement. 

(i) HD shall defend any employee claims and employment-related claims for which any member of the HD Group is liable under this
Agreement, and LiveWire shall defend any employee claims and employment-related claims for which any member of the LiveWire Group is liable under this Agreement. 

(ii) Each Party hereto shall, when applicable, notify in writing and consult with the other Party prior to making any
settlement of an employee claim or an employment-related claim for which it is liable under this Agreement, for the purpose of attempting to avoid any prejudice to such other Party arising from the settlement. For the avoidance of doubt, nothing
herein shall prevent any Party from settling any employment-related claim or shall confer upon any Party any rights of consent or other rights (other than to notice of proposed settlement and consultation) with respect to any employee claim against
another Party. Notwithstanding anything to the contrary, no Party shall settle any employment-related claim for which the other Party bears any settlement liability unless such Party has approved the settlement amount (which approval shall not be
unreasonably withheld) and such settlement contains a release of such Party. 

  
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 Section 2.4 Reimbursement; Late Payments. 

(a) Reimbursement of LiveWire. From time to time after the Separation Time, HD shall promptly reimburse LiveWire, upon LiveWire’s
reasonable request and the presentation by LiveWire of such substantiating documentation as HD shall reasonably require, for the cost of any obligations or Liabilities satisfied or assumed by a member of the LiveWire Group that are the
responsibility of a member of the HD Group pursuant to this Agreement. Except as otherwise provided in this Agreement, any such request for reimbursement must be made by LiveWire as promptly as practicable following, but in no event later than one
hundred twenty (120) days following, the date on which such obligations or Liabilities are satisfied or assumed, as applicable, by the LiveWire Group. 

(b) Reimbursement of HD. From time to time after the Separation Time, LiveWire shall promptly reimburse HD, upon HD’s reasonable
request and the presentation by HD of such substantiating documentation as LiveWire shall reasonably require, for the cost of any obligations or Liabilities satisfied or assumed by the HD Group that are the responsibility of the LiveWire Group
pursuant to this Agreement. Except as otherwise provided in this Agreement, any such request for reimbursement must be made by HD as promptly as practicable following, but in no event later than one hundred twenty (120) days following, the date
on which such obligations or Liabilities are satisfied or assumed, as applicable, by the HD Group. 
 Section 2.5 No Duplication or Acceleration of
Benefits. Notwithstanding anything to the contrary in this Agreement, the Separation Agreement or any Ancillary Agreement, no participant in any LiveWire Benefit Plan or LiveWire Individual Agreement shall receive benefits that duplicate
benefits provided by the corresponding HD Benefit Plan or HD Individual Agreement for the same period of service. Furthermore, unless expressly provided for in this Agreement, the Separation Agreement or in any Ancillary Agreement or required by
applicable Law, no provision in this Agreement shall, in and of itself, be construed to create any right to accelerated vesting of or accelerated payment of any compensation or benefits with respect to any LiveWire Employee. 

ARTICLE III 
 TERMINATION
OF PARTICIPATION IN BENEFIT PLANS; SERVICE CREDIT 
 Section 3.1 Termination of Participation in Benefit Plans. 

(a) Except as otherwise expressly provided in this Agreement or any Ancillary Agreement or as otherwise expressly agreed to in writing between
the Parties (with the consent of the SPAC, such consent not to be unreasonably withheld), effective as of the date that the applicable LiveWire Benefit Plan is established and begins to cover eligible LiveWire Employees, which (except as expressly
provided in this Agreement or any Ancillary Agreement or as otherwise expressly agreed to in writing between the Parties (with the consent of the SPAC, such consent not to be unreasonably withheld)) shall occur no later than the Separation Time (any
such date, a “LiveWire Benefits Effective Date”), (i) each member of the HD Group shall cease to be a Participating Company in such LiveWire Benefit Plan (to the extent any such member of the HD Group was such a Participating
Company in such LiveWire Benefit Plan as of immediately prior to the LiveWire Benefits Effective Date), (ii) each HD Participant shall cease to participate in, be covered by, accrue benefits under or be eligible to contribute to such LiveWire
Benefit Plan (to the extent any such HD Participant so participated in such LiveWire Benefit Plan as of immediately prior to the LiveWire Benefits Effective Date), (iii) each member of the LiveWire Group shall cease to be a Participating Company in
the corresponding HD Benefit Plan (to the extent any such member of the 

  
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LiveWire Group was such a Participating Company in such HD Benefit Plan as of immediately prior to the LiveWire Benefits Effective Date), and (iv) each LiveWire Participant shall cease to
participate in, be covered by, accrue benefits under or be eligible to contribute to the corresponding HD Benefit Plan (to the extent any such LiveWire Participant so participated in such HD Benefit Plan as of immediately prior to the LiveWire
Benefits Effective Date) and, in each case, LiveWire and HD shall take all necessary action prior to the LiveWire Benefits Effective Date to effectuate each such cessation. 

(b) Except as otherwise expressly set forth in this Agreement or any Ancillary Agreement, from and after the Separation Time (i) LiveWire
and/or the other members of the LiveWire Group shall be solely liable for, and no member of the HD Group shall have any Liability under, any LiveWire Benefit Plan or LiveWire Individual Agreement, and (ii) HD and/or the other members of the HD
Group shall be solely liable for, and no member of the LiveWire Group shall have any Liability under, any HD Benefit Plan or any HD Individual Agreement. 

Section 3.2 Service Recognition. 

(a) Pre-Separation Service Credit. Each LiveWire Benefit Plan shall provide that, for purposes
of eligibility, vesting (other than with respect to future equity awards) and determining level of paid time off and severance benefits, each LiveWire Participant’s years of service with any member of the LiveWire Group or HD Group (or any of
their respective predecessors) as of immediately prior to the LiveWire Benefits Effective Date, that (i) were recognized under the corresponding HD Benefit Plan, or (ii) would have been recognized under the corresponding HD Benefit Plan in
which such LiveWire Participant was eligible to participate immediately prior to the applicable LiveWire Benefits Effective Date, had such LiveWire Participant actually participated in such corresponding HD Benefit Plan, shall be taken into account
under LiveWire Benefit Plan to the same extent as credit was (or would have been) recognized under the corresponding HD Benefit Plan, except for purposes of benefit accrual under any defined benefit plan or to the extent that duplication of
compensation or benefits would result. 
 (b) Post-Separation Service Credit. Except to the extent imposed by applicable Law or
required by this Agreement, (i) no member of the LiveWire Group shall be obligated to recognize any service of a HD Employee after the earlier of the applicable LiveWire Benefits Effective Date or the Separation Time, as applicable, for any
purpose under any LiveWire Benefit Plan, and (ii) no member of the HD Group shall be obligated to recognize any service of a LiveWire Employee after the earlier of the applicable LiveWire Benefits Effective Date or the Separation Time, as
applicable, for any purpose under any HD Benefit Plan; provided, however, that nothing herein shall prohibit any member of the LiveWire Group or any member of the HD Group from recognizing such service. 

ARTICLE IV 
 TREATMENT OF
HD RSU AWARDS 
 Section 4.1 Treatment of Outstanding HD RSU Awards. 

(a) Award Treatment. At or prior to the Separation Time, each HD RSU Award that is outstanding and held by a LiveWire Employee shall be
cancelled and converted into the right to receive cash payments, subject to applicable withholding taxes and deductions (each, an “RSU Payment”), on the date(s) on which the HD RSU Award would have otherwise become vested in
accordance with the vesting schedule that applied to such HD RSU Award immediately prior to the Separation Time (the “RSU Vesting Schedule” and such vesting dates, “RSU Vesting Dates”). Each RSU
Payment will (i) be in amount equal to (x) the number of shares of HD Common Stock subject to such HD RSU Award that would have otherwise become vested on the applicable RSU Vesting Date in accordance with the applicable RSU Vesting
Schedule multiplied by (y) the closing trading price of a share of HD Common Stock on such RSU 

  
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Vesting Date and (ii) be paid to the applicable LiveWire Employee on or within thirty (30) days following the applicable RSU Vesting Date, subject to and conditioned upon such LiveWire
Employee’s continued employment or service, as applicable, to the LiveWire Group through the applicable vesting date. With respect to any RSU Vesting Dates that occur on or prior to the Separation Time, HD shall, or shall cause another member
of the HD Group to, pay the RSU Payments to the applicable LiveWire Employees within ten (10) business days following the applicable RSU Vesting Dates. With respect to any RSU Vesting Dates that occur on or after the Separation Time, LiveWire
shall, or shall cause another member of the LiveWire Group to, pay the RSU Payments to the applicable LiveWire Employees within ten (10) business days following the applicable RSU Vesting Dates. 

(b) Other Terms. Except as provided above, the Separation shall not, in and of itself, constitute a termination of employment or service
for any LiveWire Employee or any HD Employee for purposes of any HD Equity Awards held by such individual. The Parties further acknowledge and agree that in no event shall the vesting of any HD Equity Awards, in any case, accelerate solely by reason
of the transactions or events contemplated by the Separation Agreement, this Agreement or any other Ancillary Agreement. Prior to the Separation Time, HD shall only grant HD RSU Awards or other equity or equity-based awards to LiveWire Employees in
the ordinary course of business consistent with past practice pursuant to the HD Equity Plans. 
 Section 4.2 SEC Registration. HD agrees that,
following the Separation Time, it shall use reasonable efforts to continue to maintain a Form S-8 Registration Statement (and maintain the prospectus(es) contained therein for its/their intended use) with
respect to and cause to be registered pursuant to the Securities Act, the shares of HD Common Stock authorized for issuance under the HD Equity Plans as required pursuant to the Securities Act and any applicable rules or regulations thereunder. 

ARTICLE V 
 TAX-QUALIFIED DEFINED CONTRIBUTION PLAN 
 Section 5.1 LiveWire 401(k) Plan. On March 1, 2022 (the
“LiveWire 401(k) Effective Date”), LiveWire or another member of the LiveWire Group established the LiveWire 401(k) Plan solely for the benefit of eligible LiveWire Participants. The LiveWire 401(k) Plan shall constitute a
LiveWire Benefit Plan for the purposes of this Agreement. 
 Section 5.2 HD 401(k) Plan. HD acknowledges and agrees that HD made or caused to be
made all employer contributions to the HD 401(k) Plan that would have been made on behalf of LiveWire Participants who are then participating in the HD 401(k) Plan had the transactions contemplated by the Separation Agreement not occurred,
regardless of any service or end-of-year employment requirements, but prorated for the portion of the plan year ending on the LiveWire 401(k) Effective Date. On the
LiveWire 401(k) Effective Date, each LiveWire Participant who, as of immediately prior to the LiveWire 401(k) Effective Date, participated in the HD 401(k) Plan became fully vested in his or her account balance under the HD 401(k) Plan. 

Section 5.3 Account Balance Transfers. On the LiveWire 401(k) Effective Date, HD caused the account balances under the HD 401(k) Plan of each
LiveWire Participant who, as of prior to the LiveWire 401(k) Effective Date, participated in the HD 401(k) Plan, to be transferred in cash to the LiveWire 401(k) Plan, and LiveWire or another member of the LiveWire Group caused the LiveWire 401(k)
Plan to accept the transfer of such amounts, in accordance with Section 414(l) of the Code, Treasury Regulation Section 1.414(1)-1, and Section 208 of ERISA. HD shall cause the HD 401(k) Plan to
retain the accounts (including any promissory notes related to outstanding participant loans) and assets attributable to any Person who is not a LiveWire Employee. 

  
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 Section 5.4 Treatment of 401(k) Plans. Following the Separation Time, the LiveWire Group shall
be solely responsible for, and the HD Group shall not have any Liability with respect to, any and all Liabilities under the LiveWire 401(k) Plan. Following the Separation Time, the HD Group shall be solely responsible for, and the LiveWire Group
shall not have any Liability with respect to, any and all Liabilities under the HD 401(k) Plan. 
 Section 5.5 Cooperation. HD and LiveWire
(each acting directly or through any member of the HD Group or any member of the LiveWire Group, as applicable) shall cooperate in making any and all appropriate filings required by the IRS, or required under the Code, ERISA or any applicable
regulations with respect to this Article V. 
 ARTICLE VI 

DEFERRED COMPENSATION PLAN; PENSION PLANS 

Section 6.1 Treatment of Deferred Compensation Plan. Effective as of the Separation Time, each LiveWire Participant who, as of immediately prior
to the Separation Time, participated in the HD Deferred Compensation Plan shall cease to be eligible to participate in or make additional deferrals under the HD Deferred Compensation Plan. Following the Separation Time, LiveWire Participants will be
entitled to distributions of their account balances under the HD Deferred Compensation Plan in accordance with (and at such time(s) as provided under) the HD Deferred Compensation Plan.    Following the Separation Time,
(a) HD (acting directly or through any member of the HD Group) shall be responsible for any and all Liabilities with respect to the HD Deferred Compensation Plan and (b) LiveWire shall not be a “Participating Employer” (as
defined in the HD Deferred Compensation Plan) in the HD Deferred Compensation Plan. 
 Section 6.2 Treatment of HD Pension Plans. Effective as
of the Separation Time (or such earlier time as the applicable LiveWire Participant’s employment transferred from the HD Group to the LiveWire Group), each LiveWire Participant who, prior to the Separation Time (or such earlier transfer),
participated in an HD Pension Plan will cease to be an active participant in such HD Pension Plan (but, for clarity, will remain entitled to his or her benefits under such HD Pension Plan in accordance with the terms and conditions thereof);
provided, however, that HD shall, and shall cause the HD Pension Plans to, recognize such LiveWire Participant’s service with any member of the LiveWire Group (A) for all purposes under such HD Pension Plans until the
applicable LiveWire Participant’s Service End Date (as defined in the Harley-Davidson Retirement Plan) and (B) from and after the applicable LiveWire Participant’s Service End Date, for the sole purpose of determining whether such
LiveWire Participant is eligible for early retirement or retirement (as applicable) under any HD Pension Plan (but, following the applicable LiveWire Participant’s Service End Date, not for purposes of benefit accrual under the HD Pension
Plans). Following the Separation Time, HD (acting directly or through any member of the HD Group) shall be responsible for any and all Liabilities with respect to the HD Pension Plans. 

ARTICLE VII 
 HEALTH AND
WELFARE PLANS; WORKERS’ COMPENSATION 
 Section 7.1 Health and Welfare Benefit Plans. As of the Separation Time, the HD Group maintains
each of the health and welfare plans set forth on Exhibit C hereto (the “HD Health and Welfare Plans”) for the benefit of eligible employees of the HD Group and their dependents and beneficiaries, each of which shall
remain in effect immediately following the Separation Time. The health and welfare plans maintained by the LiveWire Group as of the Separation Time are referred to herein as the “LiveWire Health and Welfare Plans”. 

  
 12 

 Section 7.2 LiveWire Health and Welfare Plans. LiveWire shall use commercially reasonable
efforts to cause all LiveWire Health and Welfare Plans to (a) waive all limitations as to preexisting conditions, exclusions and service conditions with respect to participation and coverage requirements applicable to individuals who are
LiveWire Participants immediately following the applicable LiveWire Benefits Effective Date, other than limitations that were in effect with respect to such LiveWire Participants as of immediately prior to the applicable LiveWire Benefits Effective
Date under the corresponding HD Health and Welfare Plan(s), and (b) waive any waiting period limitation or evidence of insurability requirement that would otherwise be applicable, following the applicable LiveWire Benefits Effective Date, to an
individual who is a LiveWire Participant immediately following the applicable LiveWire Benefits Effective Date to the extent such LiveWire Participant had satisfied any similar limitation under the corresponding HD Health and Welfare Plan(s).
Additionally, the LiveWire Health and Welfare Plans shall provide that the LiveWire Participants are credited with or otherwise have taken into account, to the extent applicable, any expenses incurred towards deductibles, co-payments or out-of-pocket limits credited to such individual, in each case, under the terms of the corresponding HD Health and
Welfare Plans for the plan year in which the applicable LiveWire Benefits Effective Date occurs as if such amounts had been paid by such individual under the LiveWire Health and Welfare Plans. 

Section 7.3 Cafeteria Plan. As soon as practicable following the Separation Time and if and to the extent not effected prior to the Separation
Time, HD (acting directly or through any other member of the HD Group) shall, in accordance with Revenue Ruling 2002-32, cause the portion of the HD Cafeteria Plan applicable to the LiveWire Participants to be
segregated into a separate component and the account balances in such component to be transferred to the LiveWire Cafeteria Plan, which will include any health flexible spending account and dependent care account plan (excluding, for clarity, any
health reimbursement arrangements). The LiveWire Cafeteria Plan shall reimburse HD or the HD Cafeteria Plan to the extent amounts were paid by the HD Cafeteria Plan and not collected from the LiveWire Participant and such amounts are subsequently
collected by the LiveWire Cafeteria Plan with respect to such LiveWire Participant. 
 Section 7.4 Health Reimbursement Arrangements. Effective
as of the applicable LiveWire Benefits Effective Date, each LiveWire Participant who, as of immediately prior to such LiveWire Benefits Effective Date, participated in a health reimbursement arrangement under an HD Health and Welfare Plan (an
“HD HRA”) will cease to be an active participant in the HRA (but, for clarity, will remain entitled to his or her benefits under the HD HRA in accordance with the terms and conditions thereof). Following the applicable
LiveWire Benefits Effective Date, HD (acting directly or through any member of the HD Group) shall be responsible for any and all Liabilities with respect to the HD HRA. 

Section 7.5 Retirement Health Care Accounts. Effective as of the Separation Time, each LiveWire Participant who, as of immediately prior to the
Separation Time, participated in the HD Retiree Health Care Account, shall remain eligible for his or her benefits under the HD Retiree Health Care Account in accordance with the terms and conditions thereof; provided, however, that HD
shall, and shall cause the HD Retiree Health Care Account to, recognize such LiveWire Participant’s age and service with any member of the LiveWire Group after the Separation Time for the purpose of determining eligibility for benefits under
the HD Retiree Health Care Account. Following the Separation Time, HD (acting directly or through any member of the HD Group) shall be responsible for any and all Liabilities with respect to the HD Retiree Health Care Account. 

  
 13 

 Section 7.6 COBRA, HIPAA and ACA. 

(a) HD (acting directly or through any other member of the HD Group) and the HD Health and Welfare Plans shall be solely responsible for
compliance with the health care continuation coverage requirements of COBRA with respect to each individual who is a HD Participant (or a dependent or beneficiary thereof) at the time such individual experiences a COBRA qualifying event. LiveWire
(acting directly or through any other member of the LiveWire Group) and the LiveWire Health and Welfare Plans shall be solely responsible for compliance with the health care continuation coverage requirements of COBRA with respect to each individual
who is a LiveWire Participant (or a dependent or beneficiary thereof) at the time such individual experiences a COBRA qualifying event. Neither the consummation of the Separation, any transfer of employment contemplated hereby, or any related
transactions or events contemplated by the Separation Agreement, this Agreement or any Ancillary Agreement shall constitute a COBRA qualifying event for purposes of COBRA with respect to any LiveWire Participant or any HD Participant (or any
dependent or beneficiary thereof). 
 (b) HD (acting directly or through any other member of the HD Group) shall be responsible for
compliance with any certificate of creditable coverage of other applicable requirements of HIPAA or Medicare applicable to the HD Health and Welfare Plans. LiveWire (acting directly or through any other member of the LiveWire Group) shall be
responsible for compliance with any certificate of creditable coverage of other applicable requirements of HIPAA or Medicare applicable to the LiveWire Health and Welfare Plans. 

(c) HD (acting directly or through any other member of the HD Group) shall be responsible for compliance with any reporting requirements of the
ACA applicable to HD Employees and LiveWire Employees under the HD Health and Welfare Plans. LiveWire (acting directly or through any other member of the LiveWire Group) shall be responsible for compliance with any reporting requirements of the ACA
applicable to LiveWire Employees under the LiveWire Health and Welfare Plans. 
 Section 7.7 Liabilities. 

(a) Insured Benefits. With respect to employee welfare and fringe benefits that are provided through the purchase of insurance,
(i) LiveWire shall cause the LiveWire Health and Welfare Plans to, through such insurance policies, pay and discharge all eligible claims of LiveWire Participants that are incurred on or after the effective date of coverage of such LiveWire
Participants in the LiveWire Health and Welfare Plans, and (ii) HD shall cause the HD Health and Welfare Plans to, through such insurance policies pay and discharge all eligible claims of HD Participants that are incurred prior to, on or after
the Separation Time (provided that such HD Participants are enrolled in the HD Health and Welfare Plans). For the avoidance of doubt, except as otherwise expressly set forth in this Article VII, neither LiveWire Health and Welfare Plans nor
HD Health and Welfare Plans shall be responsible for any benefit claims incurred following a LiveWire Participant’s termination of participation in an HD Health and Welfare Plan if the LiveWire Participant does not validly enroll in an
applicable LiveWire Health and Welfare Plan. 
 (b) Self-Insured Benefits. With respect to employee health or medical benefits that
are provided through a self-insured plan or program HD shall cause the HD Health and Welfare Plans to, through such self-insured plan or program, continue to pay and discharge all eligible claims of (i) HD Participants incurred prior to, on or
after the Separation Time and (ii) LiveWire Participants incurred before the Separation Time, in each case, regardless of when such claims are reported. 

(c) Short-Term and Long-Term Disability Benefits. 

(i) Long-Term Disability Benefits. Any HD Employee or LiveWire Employee who becomes entitled to receive, or experiences
a qualifying disability and is in an eligibility waiting or exclusion period to receive, long-term disability under any HD Health and Welfare Plan prior to the effective date of coverage for a LiveWire Employee under the LiveWire Health and Welfare
Plan providing long-term disability benefits shall continue to receive or be eligible to receive long-term disability benefits under such HD Health and Welfare Plan following such date. 

  
 14 

 (ii) Short-Term Disability Benefits. Any LiveWire Employee who
becomes entitled to receive short-term disability benefits under any HD Health and Welfare Plan prior to the effective date of coverage for a LiveWire Employee under the LiveWire Health and Welfare Plan providing short-term disability benefits shall
be transferred to, and receive any short-term disability benefits to which such LiveWire Employee is entitled under, the applicable LiveWire Health and Welfare Plans as of date in accordance with the terms of such plan. Any HD Employee who becomes
entitled to receive short-term disability benefits under any HD Benefit Plan prior to, on or after the Separation Time shall continue to receive any short-term disability benefits to which such HD Employee is entitled under the HD Health and Welfare
Plans as of the Separation Time in accordance with the terms of such plan. 
 (d) Incurred Claim Definition. For purposes of this
Article VII, a claim or Liability shall generally be deemed to be incurred (i) with respect to medical, dental, vision and/or prescription drug benefits, on the date that the health services giving rise to such claim or Liability are
rendered or performed and not when such claim is made; provided, however that with respect to a period of continuous hospitalization, a claim is incurred upon the first date of such hospitalization and not on the date that such
services are performed and (ii) with respect to life insurance, accidental death and dismemberment and business travel accident insurance, upon the occurrence of the event giving rise to such claim or Liability. 

(e) Accrued Paid-Time-Off. Prior to the Separation Time, to the extent required by applicable
Law, LiveWire shall solicit in writing the consent of each LiveWire Employee to rollover to LiveWire or another member of the LiveWire Group, such LiveWire Employee’s Accrued PTO as of the Separation Time (the “Rollover
Consents”). With respect to each LiveWire Employee who (i) is not required to consent to such a rollover under applicable Law or (ii) timely provides such Rollover Consent to LiveWire and consents to such a rollover, LiveWire
shall (directly or through another member of the LiveWire Group) recognize and honor the Accrued PTO credited to each LiveWire Employee by such individual’s employer immediately prior to the Separation Time. To the extent permitted and/or
required under applicable Law, the Accrued PTO of any LiveWire Employee who (A) elects in his or her Rollover Consent to receive a payment of his or her Accrued PTO or (B) does not timely provide a Rollover Consent to LiveWire, shall be
paid by HD to such individual(s) in a cash lump sum upon the transfer of such individual’s employment between the HD Group and the LiveWire Group prior to the Separation, and, for the avoidance of doubt, HD shall be solely responsible and
liable for such payments. Notwithstanding the foregoing, (x) all Accrued PTO shall be used in accordance with the terms and conditions of the post-Separation employer’s applicable policies and programs, to the extent permissible by Law,
and (y) any paid-time-off accruals in respect of post-Separation services (if any) shall be made in accordance with the terms and conditions of the post-Separation employer’s applicable policies and
programs (except to the extent otherwise provided in an applicable LiveWire Individual Agreement or HD Individual Agreement). 
 Section 7.8
Workers’ Compensation Liabilities. All workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by a HD Employee that results from an accident occurring, or from an occupational disease which
becomes manifest (collectively, “Workers’ Comp Liabilities”) before, as of or after the Separation Time, shall be retained by and be obligations of HD or its insurers. All Workers’ Comp Liabilities relating to,
arising out of, or resulting from any claim by a LiveWire Employee that arises or manifests prior to the date on which such LiveWire Employee is covered by an applicable workers’ compensation insurance program maintained by a member of the
LiveWire Group shall be obligations of HD and its insurers. All Workers’ Comp Liabilities relating to, arising out of, or resulting from any claim by a LiveWire Employee that arises or manifests on or after the date on which such LiveWire
Employee is covered under a workers’ compensation insurance program maintained by a member of the LiveWire Group 

  
 15 

 
shall be obligations of LiveWire and its insurers. For purposes of this Agreement, a compensable injury giving rise to a Workers’ Comp Liability shall be deemed to be sustained upon the
occurrence of the event giving rise to eligibility for workers’ compensation benefits or at the time that an occupational disease becomes manifest, as the case may be. Each member of the HD Group and each member of the LiveWire Group shall
cooperate with respect to any notification to appropriate Governmental Entities of the Separation Time and the issuance of new, or the transfer of existing, workers’ compensation insurance policies and claims handling contracts. 

ARTICLE VIII 
 CASH
INCENTIVE COMPENSATION 
 Section 8.1 Cash Incentive Plans. 

(a) 2021 Cash Incentive Payments. If the Separation Time occurs prior to payment by the HD Group of the cash incentives payable pursuant
to any HD Cash Incentive Plan with respect to calendar year 2021 (such payments, the “2021 Cash Incentive Payments”), then HD shall pay to each LiveWire Employee who, prior to the Separation, was a participant in such an HD
Cash Incentive Plan prior to October 1, 2021 and becomes entitled to payment of a 2021 Cash Incentive Payment pursuant to such HD Cash Incentive Plan, an amount equal to such LiveWire Employee’s 2021 Cash Incentive Payment thereunder (pro-rated for any partial year of employment). The 2021 Cash Incentive Payments shall be paid to the applicable LiveWire Employees as and when payments are made generally under the applicable HD Cash Incentive
Plans with respect to calendar year 2021, and subject to such terms and conditions as apply generally under such HD Cash Incentive Plan. 

(b) 2022 Cash Incentive Payments. With respect to each LiveWire Employee who, prior to the Separation, was a participant in an HD Cash
Incentive Plan with respect to calendar year 2022 (the “2022 HD Cash Incentive Plan”) and remains employed by LiveWire through December 1, 2022, an amount equal to the cash incentive payment that such LiveWire Employee
would have been entitled to receive under the 2022 HD Cash Incentive Plan had the Separation not occurred, pro-rated based on the period during calendar year 2022 during which such LiveWire Employee was a
participant in the 2022 HD Cash Incentive Plan (such payments, the “2022 Cash Incentive Payments”). The 2022 Cash Incentive Payments shall be paid to the applicable LiveWire Employees as and when payments are made generally
under the applicable HD Cash Incentive Plans with respect to calendar year 2022. 
 (c) LiveWire Cash Incentive Liabilities. At or
prior to the Separation and from time to time following the Separation Time, LiveWire shall, or shall cause another member of the LiveWire Group to, adopt, for the benefit of eligible LiveWire Employees, one or more cash incentive programs (each, a
“LiveWire Cash Incentive Plan”). Following the Separation Time, the LiveWire Group shall be solely responsible for, and HD Group shall not have any obligation or Liability with respect to, any and all payments, obligations
and other Liabilities under any LiveWire Cash Incentive Plan. 
 (d) HD Cash Incentive Liabilities. Subject to and except as expressly
provided under Section 8.1(a) above, following the Separation Time, the HD Group shall be solely responsible for, and the LiveWire Group shall not have any obligation or Liability with respect to, any and all payments,
obligations and other Liabilities under any HD Cash Incentive Plan. 
 ARTICLE IX 

PAYROLL REPORTING AND WITHHOLDING 

Section 9.1 Tax Procedures. With respect to the LiveWire Employees, the Parties shall adopt the “standard procedure” for preparing and
filing IRS Forms W-2 (Wage and Tax Statements) and for purposes of filing IRS Forms W-4 (Employee’s Withholding Allowance Certificate) and W-5 (Earned Income Credit Advance Payment Certificate), as described in Revenue Procedure 2004-53. 

  
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 Section 9.2 Garnishments, Tax Levies, Child Support Orders, and Wage Assignments. With respect
to garnishments, tax levies, child support orders, and wage assignments in effect with HD (or any other member of the HD Group) as of the Separation Time for any LiveWire Employees, LiveWire (and any other employing member of the LiveWire Group), as
appropriate, shall honor such payroll deduction authorizations and shall continue to make payroll deductions and payments to the authorized payee, as specified by the court or governmental order which was on file with HD as of immediately prior to
the Separation Time. HD shall, as soon as practicable after the Separation Time, provide LiveWire (and any other employing member of the LiveWire Group), as appropriate, with such information in HD’s possession (and not already in the
possession of a member of the LiveWire Group) or employee consents as may be reasonably requested by the LiveWire Group and necessary for the LiveWire Group to make the payroll deductions and payments to the authorized payee as required by this
Section 9.2. 
 Section 9.3 Authorizations for Payroll Deductions. Unless otherwise prohibited by a Benefit Plan or by
this Agreement or an Ancillary Agreement, LiveWire and the other members of the LiveWire Group, as appropriate, shall honor payroll deduction authorizations attributable to any LiveWire Employee that are in effect with any member of the HD Group as
of immediately prior to the Separation Time relating to such LiveWire Employee, and shall not require that such LiveWire Employee submit a new authorization to the extent that the type of deduction by LiveWire or any other member of the LiveWire
Group, as appropriate, does not differ from that made by the member of the HD Group prior to the Separation Time. Such deduction types include: pre-tax contributions to any Benefit Plan, including any
voluntary benefit plan; scheduled loan repayments to any Benefit Plan; and direct deposit of payroll, employee relocation loans, and other types of authorized company receivables usually collectible through payroll deductions. Each Party shall, as
soon as practicable after the Separation Time, provide the other Party with such information in its possession as may be reasonably requested by the other Party and as necessary for that Party to honor the payroll deduction authorizations
contemplated by this Section 9.3. 
 ARTICLE X 

GENERAL AND ADMINISTRATIVE 

Section 10.1 Business Associate Agreements. The Parties hereby agree to enter into any business associate agreements that may be required for the
sharing of any information pursuant to this Agreement to comply with the requirements of HIPAA. 
 Section 10.2
Non-Solicitation. The Parties acknowledge and agree that they are subject to and bound by certain non-solicitation and
non-hire restrictions set forth in Section 4.6 of the Separation Agreement, and that the Parties shall comply with their respective obligations thereunder. 

Section 10.3 Employee Records. 
 (a)
Records Relating to HD Employees. To the extent permitted by applicable Law, all records and data in any form relating to HD Employees shall be the property of the HD Group. 

(b) Records Relating to LiveWire Employees. To the extent permitted by applicable Law, all records and data in any form relating to
LiveWire Employees shall be the property of the LiveWire Group and considered part of the LiveWire Business Records under the Separation Agreement; provided, however, that records and data pertaining to such an employee and relating to
any period that such employee was (i) employed by any member of the HD Group and/or (ii) covered under any Benefit Plan sponsored by any member of the HD Group (to the extent that such records or data relate to such coverage) prior to the
Separation Time shall be shared with the appropriate HD Group by the LiveWire Group to the extent such records are reasonably necessary for payroll or Benefit Plan purposes. 

  
 17 

 Section 10.4 Sharing Of Information. The Parties hereto acknowledge and agree that they are
subject to and bound by certain requirements to share and exchange information as set forth in Article III of the Separation Agreement, and that the Parties shall comply with their respective obligations thereunder. 

Section 10.5 Reasonable Efforts/Cooperation. Each Party shall use its commercially reasonable efforts to promptly take, or cause to be taken, all
actions and to do, or cause to be done, all things necessary, proper or advisable under applicable Laws to consummate the transactions contemplated by this Agreement, including adopting Benefit Plans and/or Benefit Plan amendments. The Parties agree
to consult and cooperate to the extent reasonably necessary with respect to any Actions, and, upon reasonable written request of the other Party, shall use reasonable efforts to make available to such other Party the former, current and future
directors, officers, employees, other personnel and agents of it and its Subsidiaries (whether as witnesses or otherwise). The requesting party shall bear all costs and expenses in connection with the foregoing. Without limiting the generality of
the foregoing, each of the Parties shall reasonably cooperate in all respects with regard to all matters relating to the transactions contemplated by this Agreement for which the other Party seeks a determination letter or private letter ruling from
the IRS, an advisory opinion from the U.S. Department of Labor or any other filing, consent or approval with respect to or by a Governmental Entity. Notwithstanding the foregoing, this Section 10.5 shall not require either
Party to take any step that would significantly interfere, or that such Party reasonably determines could significantly interfere, with its business. 

Section 10.6 Employer Rights. Nothing in this Agreement shall (a) prohibit any member of the HD Group from amending, modifying or terminating
any HD Benefit Plan or HD Individual Agreement at any time, subject to the terms and conditions thereof, or (b) prohibit any member of the LiveWire Group from amending, modifying or terminating any LiveWire Benefit Plan or any LiveWire
Individual Agreement at any time, subject to the terms and conditions thereof. In addition, nothing in this Agreement shall be interpreted as an amendment or other modification of any Benefit Plan. 

Section 10.7 Effect on Employment. Without limiting any other provision of this Agreement, none of the Separation Time or any actions taken in
furtherance of the Separation Time, whether under the Separation Agreement, this Agreement, any other Ancillary Agreement or otherwise, in any case, shall in and of itself cause any employee to be deemed to have incurred a termination of employment
or service or, except as expressly provided in this Agreement, to entitle such individual to any payments or benefits under any Benefit Plan or otherwise. Furthermore, nothing in this Agreement is intended to or shall confer upon any LiveWire
Employee or HD Employee any right to continued employment or service, or any recall or similar rights to an individual on layoff or any type of approved leave. 

Section 10.8 Consent Of Third Parties. If any provision of this Agreement is dependent on the consent of any third party and such consent is
withheld, the Parties hereto shall use their reasonable best efforts to implement the applicable provisions of this Agreement to the fullest extent practicable. If any provision of this Agreement cannot be implemented due to the failure of such
third party to consent, the Parties hereto shall negotiate in good faith to implement the provision in a mutually satisfactory alternative manner. 

Section 10.9 Access To Employees. Following the Separation Time, LiveWire and HD shall, or shall cause the LiveWire Group and the HD Group, as
applicable, to make available to each other those LiveWire Employees or HD Employees, as applicable, who may reasonably be needed by the other Party in order to defend or prosecute any legal or administrative action (other than a legal action
between any member of the LiveWire Group on the one hand and any member of the HD Group on the other) to which any employee, officer, director or Benefit Plan of the LiveWire Group or HD Group is a party and which relates

  
 18 

 
to their respective Benefit Plans prior to the Separation Time. The Party to whom an employee is made available in accordance with this Section 10.9 shall pay or
reimburse the other Party for all reasonable expenses reimbursed by such other Party to such employee in connection therewith, including all reasonable travel, lodging, and meal expenses, but excluding any amount for such employee’s time spent
in connection herewith. 
 Section 10.10 Beneficiary Designation/Release Of Information/Right To Reimbursement. Without limiting any other
provision hereof, to the extent permitted by applicable Law and except as otherwise provided for in this Agreement, all beneficiary designations, authorizations for the release of information and rights to reimbursement made by or relating to
LiveWire Participants under HD Benefit Plans in effect immediately prior to the Separation Time shall be transferred to and be in full force and effect under the corresponding LiveWire Benefit Plans until such beneficiary designations,
authorizations or rights are replaced or revoked by, or no longer apply to, the relevant LiveWire Participant. 
 Section 10.11 Compliance. As
of the Separation Time, HD (acting directly or through any member of the HD Group) shall be solely responsible for compliance under ERISA and all other applicable Law with respect to each HD Benefit Plan, and LiveWire (acting directly or through any
member of the LiveWire Group) shall be solely responsible for compliance under ERISA and all other applicable Law with respect to each LiveWire Benefit Plan. 

Section 10.12 Allocation of Liabilities. With respect to the determination of whether a Liability shall be treated for purposes of this Agreement
as a Liability of LiveWire or of HD, the express designation of such Liability in this Agreement shall prevail. If no such express designation exists, authorized representatives of LiveWire and HD will determine in good faith by mutual agreement
whether the Liability relates primarily to either the LiveWire Business, in which case it will be deemed a Liability of LiveWire or the HD Business, in which case it will be deemed a Liability of HD. If such representatives are unable to agree on
the business to which such Liability relates, the treatment of such Liability on the Closing Company Financial Statements at the Closing shall prevail. If, however, such Liability is not addressed on the Closing Company Financial Statements at the
Closing, then the allocation of such Liability shall be determined pursuant to Section 11.25 below. 
 ARTICLE
XI 
 MISCELLANEOUS 

Section 11.1 Termination. 
 (a) This
Agreement may be terminated at any time prior to the Separation Time by and in the sole and absolute discretion of the HD Board without the approval of any other Person, including the shareholders of HD or LiveWire. Additionally, in the event the
Business Combination Agreement is validly terminated, this Agreement shall automatically terminate without further action by the Parties. In the event that this Agreement is terminated, this Agreement shall become null and void and no Party, nor any
Party’s directors, officers or employees, shall have any Liability of any kind to any Person by reason of this Agreement. After the Separation Time, this Agreement may not be terminated except by an agreement in writing signed by HD and
LiveWire. 
 (b) In the event of any termination of this Agreement prior to the Separation Time, no Party (nor any of its directors, officers
or employees) shall have any Liability or further obligation to the other Party by reason of this Agreement. 

  
 19 

 Section 11.2 Section 409A. Notwithstanding anything in this Agreement to the
contrary, with respect to any compensation or benefits that may be subject to Section 409A of the Code and related Department of Treasury guidance thereunder, the Parties agree to negotiate in good faith regarding any treatment different from
that otherwise provided herein to the extent necessary or appropriate to (a) exempt such compensation and benefits from Section 409A of the Code, (b) comply with the requirements of Section 409A of the Code, and/or
(c) otherwise avoid the imposition of tax under Section 409A of the Code; provided, however, that this Section 11.2 does not create an obligation on the part of either Party to adopt any amendment,
policy or procedure, to take any other action or to indemnify any Person for any failure to do any of the foregoing. 
 Section 11.3 Corporate
Power. 
 (a) HD represents on behalf of itself and each other member of the HD Group, and LiveWire represents on behalf of itself and
each other member of the LiveWire Group, as follows: 
 (i) each such Person has the requisite corporate or other applicable
power and authority and has taken all corporate or other applicable action necessary in order to execute, deliver and perform this Agreement and each Ancillary Agreement to which it is a party and to consummate the transactions contemplated hereby;
and 
 (ii) this Agreement and each Ancillary Agreement to which it is a party has been or will be duly executed and
delivered by it and constitutes or will constitute a valid and binding agreement of it enforceable in accordance with the terms thereof. 

(b) Each Party acknowledges that it and the other Party may execute this Agreement by facsimile, stamp or mechanical signature. Each Party
expressly adopts and confirms each such facsimile, stamp or mechanical signature made in its respective name as if it were a manual signature, agrees that it shall not assert that any such signature is not adequate to bind such Party to the same
extent as if it were signed manually and agrees that at the reasonable request of the other Party at any time it shall as promptly as reasonably practicable cause this Agreement to be manually executed (any such execution to be as of the date of the
initial date thereof). 
 Section 11.4 Survival of Covenants. Except as expressly set forth in this Agreement, the covenants, representations
and warranties contained in this Agreement, and liability for the breach of any obligations contained herein or therein, shall survive the Separation Time and shall remain in full force and effect in accordance with their terms. 

Section 11.5 Notices. Any notice, request, instruction or other document to be given hereunder by any party to the others shall be in writing and
delivered personally or sent by registered or certified mail, postage prepaid or by prepaid overnight courier (providing written proof of delivery), or by electronic mail (with confirmed receipt), addressed as follows: 

 

			
	If to HD or LiveWire, to:
	
	c/o LiveWire
	3700 West Juneau Avenue
	Milwaukee, WI 53208
	Attention:	  	Paul Krause
	Email:	  	paul.krause@harley-davidson.com;
		  	H-DGeneralCounsel@harley-davidson.com

  
 20 

 
	
	with a copy (which shall not constitute notice) to:
	
	Latham & Watkins LLP 811 Main St.
	Houston, TX 77002
	Attention: Ryan Maierson
	Email: ryan.maierson@lw.com
	Attention: Jason Morelli
	Email: jason.morelli@lw.com

 or to such other persons or addresses as may be designated in writing by the party to receive such notice as provided
above. 
 Section 11.6 Entire Agreement. This Agreement (including any Exhibits hereto), the Business Combination Agreement (and any exhibits,
schedules or other ancillary documents thereto), and any Ancillary Agreement constitute the entire agreement, and supersede all other prior agreements, understandings, representations and warranties both written and oral, among the Parties, with
respect to the subject matter hereof. 
 Section 11.7 Relation to Separation Agreement. Except as expressly provided in the Separation
Agreement, to the extent there is any inconsistency between this Agreement and the terms of Separation Agreement that is the subject of this Agreement and such inconsistency relates to the allocation between HD and LiveWire (among them or their
subsidiaries) of assets, Liabilities and responsibilities with respect to certain (a) employees, independent contractors and directors, (b) compensation, equity and benefit plans, programs and arrangements and (c) other
employee-related matters, the terms of this Agreement shall prevail. 
 Section 11.8 Waivers of Default. Waiver by a Party of any default by the
other Party of any provision of this Agreement shall not be deemed a waiver by the waiving Party of any subsequent or other default, nor shall it prejudice the rights of the other Party. No failure or delay by a Party in exercising any right, power
or privilege under this Agreement shall operate as a waiver thereof nor shall a single or partial exercise thereof prejudice any other or further exercise thereof or the exercise of any other right, power or privilege. In addition, unless the
Business Combination Agreement shall have been terminated in accordance with its terms, no such waiver shall be effective without the prior written consent of the SPAC. 

Section 11.9 Amendments. Subject to the provisions of applicable Law, and except as otherwise provided in this Agreement, this Agreement may be
amended, modified or supplemented only by written instrument signed by the authorized representative of the Party against whom it sought to enforce such waiver, amendment, supplement or modification is sought to be enforced. In addition, unless the
Business Combination Agreement shall have been terminated in accordance with its terms, no such amendment, modification or supplement shall be effective without the prior written consent of the SPAC. 

Section 11.10 Counterparts. This Agreement may be executed in one or more counterparts, and by the different parties hereto in separate
counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. The exchange of a fully executed Agreement (in counterparts or otherwise) by facsimile or by
electronic delivery in .pdf format shall be sufficient to bind the parties to the terms and conditions of this Agreement. 

  
 21 

 Section 11.11 Further Assurances. 

(a) In addition to the actions specifically provided for elsewhere in this Agreement, each of the Parties hereto shall use its commercially
reasonable efforts, prior to, on and after the Separation Time, to take, or cause to be taken, all actions, and to do, or cause to be done, all things reasonably necessary, proper or advisable on its part under applicable Laws, regulations and
agreements, to consummate and make effective the Transactions. 
 (b) Without limiting the foregoing, prior to, on and after the Separation
Time, each Party hereto shall cooperate with each other Party hereto, and without any further consideration, but at the expense of the requesting Party, to execute and deliver, or use its commercially reasonable efforts to cause to be executed and
delivered, all instruments, including instruments of conveyance, assignment and transfer, and to make all filings with, and to obtain or make any Approvals or Notifications of, any Governmental Entity or any other Person under any permit, license,
agreement, indenture or other instrument (including any Third Party consents or Governmental Approvals), and to take all such other actions as such Party may reasonably be requested to take by any other Party hereto from time to time, consistent
with the terms of this Agreement, in order to effectuate the provisions and purposes of this Agreement and the transactions contemplated hereby. 

Section 11.12 Performance. HD shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set
forth in this Agreement to be performed by any member of the HD Group. LiveWire shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth in this Agreement to be performed by any member
of the LiveWire Group. Each Party (including its permitted successors and assigns) further agrees that it shall cause all of the other members of the HD Group or the LiveWire Group (as applicable) not to take, or omit to take, any action which
action or omission would violate or cause such Party to violate this Agreement or materially impair such Party’s ability to consummate the transactions contemplated hereby or thereby. 

Section 11.13 Third-Party Beneficiaries. Except as otherwise expressly provided in this Agreement, (a) the provisions of this Agreement are
solely for the benefit of the Parties and are not intended to confer upon any Person (including any shareholders of HD or shareholders of LiveWire) except the Parties hereto any rights or remedies hereunder; and (b) there are no third-party
beneficiaries of this Agreement and this Agreement shall not provide any third Person (including any shareholders of HD or shareholders of LiveWire) with any remedy, claim, reimbursement, claim of action or other right in excess of those existing
without reference to this Agreement. Without limiting the generality of the foregoing, in no event shall any HD Employee or LiveWire Employee (or any dependent, beneficiary or alternate payee of any of the foregoing) have any third-party rights
under this Agreement. Nothing in this Agreement shall adopt, amend, or terminate or shall be construed to adopt, amend, terminate, or interpret the terms of, any Benefit Plan (including any HD Benefit Plan, HD Individual Agreement, LiveWire Benefit
Plan or LiveWire Individual Agreement), or any other program or arrangement described in or contemplated by this Agreement. Notwithstanding the foregoing, the SPAC shall be a third-party beneficiary of the rights of LiveWire under this Agreement.

 Section 11.14 Headings. The article, section and paragraph headings contained in this Agreement are for reference purposes only and shall not
affect in any way the meaning or interpretation of this Agreement. 
 Section 11.15 Governing Law. This Agreement (and any claims or disputes
arising out of or related hereto or to the transactions contemplated hereby or to the inducement of any Party to enter herein, whether for breach of contract, tortious conduct or otherwise and whether predicated on common law, statute or otherwise)
shall be governed by and construed and interpreted in accordance with the Laws of the State of Delaware, irrespective of the choice of laws principles of the State of Delaware, including all matters of validity, construction, effect, enforceability,
performance and remedies. 

  
 22 

 Section 11.16 Assignment. Neither this Agreement nor any of the rights, interests or
obligations under this Agreement shall be assigned, in whole or in part, by either Party without the prior written consent of the other Party; provided that any permitted assignment will not relieve any Party of its obligations under this Agreement.
Any attempted or purported assignment in violation of the preceding sentence shall be null and void and of no effect whatsoever. Subject to the preceding two sentences, this Agreement shall be binding upon, inure to the benefit of, and be
enforceable by, the Parties and their respective successors and assigns. 
 Section 11.17 Specific Performance. 

(a) The Parties agree that irreparable damage would occur if any provision of this Agreement were not performed in accordance with the specific
terms hereof or were otherwise breached. It is accordingly agreed that prior to the termination of this Agreement in accordance with Section 11.1, the Parties shall be entitled to an injunction or injunctions to prevent
breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement (without necessity of posting bond or other security (any requirements therefor being expressly waived)), this being in addition to any other remedy to
which they are entitled at Law or in equity. 
 (b) Each of the Parties agrees that it will not oppose the granting of an injunction,
specific performance or other equitable relief as provided herein on the basis that (i) the other Party has an adequate remedy at Law or (ii) an award of specific performance is not an appropriate remedy for any reason at Law or equity.
Any Party seeking an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement shall not be required to provide any bond or other security in connection with any such order
or injunction. 
 Section 11.18 Severability. The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability
of any provision shall not affect the validity or enforceability or the other provisions hereof. If any provision of this Agreement, or the application thereof to any Person or any circumstance, is invalid or unenforceable, (a) a suitable and
equitable provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision and (b) the remainder of this Agreement and the application of
such provision to other Persons or circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of such provision, or the application thereof, in any
other jurisdiction. 
 Section 11.19 Interpretation. The table of contents and headings herein are for convenience of reference only, do not
constitute part of this Agreement and shall not be deemed to limit or otherwise affect any of the provisions hereof. Where a reference in this Agreement is made to a Section, Schedule or Exhibit, such reference shall be to a Section of, Schedule to
or Exhibit to this Agreement unless otherwise indicated. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without
limitation.” For purposes of this Agreement, whenever the context requires the singular number shall include the plural, and vice versa. All references in this Agreement to “$” are intended to refer to United States dollars. Any
reference to a particular Law means such Law as amended, modified or supplemented (including all rules and regulations promulgated thereunder) and, unless otherwise provided, as in effect from time to time. 

  
 23 

 Section 11.20 Construction. This Agreement shall be construed as if jointly drafted by the
Parties and no rule of construction or strict interpretation shall be applied against either Party. The Parties represent that this Agreement is entered into with full consideration of any and all rights which the Parties may have. The Parties have
conducted such investigations they thought appropriate, and have consulted with such advisors as they deemed appropriate regarding this Agreement and their rights and asserted rights in connection therewith. The Parties are not relying upon any
representations or statements made by the other Party, or such other Party’s employees, agents, representatives or attorneys, regarding this Agreement, except to the extent such representations are expressly set forth or incorporated in this
Agreement. The Parties are not relying upon a legal duty, if one exists, on the part of the other Party (or such other Party’s employees, agents, representatives or attorneys) to disclose any information in connection with the execution of this
Agreement or their preparation, it being expressly understood that neither Party shall ever assert any failure to disclose information on the part of the other Party as a ground for challenging this Agreement. 

Section 11.21 Performance. Each Party shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and
obligations set forth herein to be performed by any Subsidiary or Affiliate of such Party. 
 Section 11.22 No Admission of Liability.
The allocation of assets and liabilities herein is solely for the purpose of allocating such assets and liabilities between HD and LiveWire and is not intended as an admission of liability or responsibility for any alleged liabilities vis-à-vis any Third Party, including with respect to the liabilities of any non-wholly owned subsidiary of HD or LiveWire. 

Section 11.23 Limited Liability of Shareholders. Notwithstanding any other provision of this Agreement, except in the case of fraud no
individual who is a shareholder, director, employee, officer, agent or representative of HD or LiveWire, in such individual’s capacity as such, shall have any liability in respect of or relating to the covenants or obligations of HD or
LiveWire, as applicable, under this Agreement or in respect of any certificate delivered with respect hereto, to the fullest extent legally permissible, each of HD or LiveWire, for itself and its respective Subsidiaries and its and their respective
shareholders, directors, employees and officers, waives and agrees not to seek to assert or enforce any such liability that any such Person otherwise might have pursuant to applicable Law. 

Section 11.24 Limitations of Liability. NOTWITHSTANDING ANYTHING IN THIS AGREEMENT TO THE CONTRARY, NEITHER HD NOR ITS AFFILIATES, ON THE ONE
HAND, NOR LIVEWIRE NOR ITS AFFILIATES, ON THE OTHER HAND, SHALL BE LIABLE UNDER THIS AGREEMENT TO THE OTHER FOR ANY INCIDENTAL CONSEQUENTIAL, SPECIAL, INDIRECT, PUNITIVE, EXEMPLARY, REMOTE, SPECULATIVE OR SIMILAR DAMAGES IN EXCESS OF COMPENSATORY
DAMAGES OF THE OTHER ARISING IN CONNECTION WITH THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (OTHER THAN ANY SUCH LIABILITY WITH RESPECT TO INDEMNIFICATION OF SUCH DAMAGES PAID BY AN INDEMNITEE IN RESPECT OF A THIRD-PARTY CLAIM); PROVIDED, THAT
ANY BREACH OF THIS AGREEMENT BY ANY PARTY SHALL BE SUBJECT TO THE INDEMNIFICATION OBLIGATIONS SET FORTH IN THE SEPARATION AGREEMENT. 

  
 24 

 Section 11.25 Consent to Jurisdiction(a) ; WAIVER OF JURY TRIAL. 

(a) This Agreement, together with any Action, dispute, remedy or other proceeding arising from or relating to this Agreement or the
transactions contemplated hereby or any relief or remedies sought by any Parties hereto (whether in contract, tort or statute), and the rights and obligations of the parties hereunder, shall be governed by and construed in accordance with the laws
of the State of Delaware for contracts made and to be fully performed in such state, without giving effect to any conflicts of laws rules, principles or regulations that would require the application of the laws of another jurisdiction. The state
and federal courts located within the State of Delaware (the “Chosen Courts”) shall have exclusive jurisdiction over any and all disputes between the parties hereto, whether in law or in equity, arising out of or relating to
this Agreement and the agreements, instruments and documents contemplated hereby and the parties hereto consent to and agree to subject to the exclusive jurisdiction of such Chosen Courts. 

(b) THE PARTIES HEREBY WAIVE TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, AND SHALL NOT ASSERT IN ANY SUCH DISPUTE, ANY CLAIM THAT:
(I) SUCH PARTY IS NOT PERSONALLY SUBJECT TO THE JURISDICTION OF SUCH COURTS; (II) SUCH PARTY AND SUCH PARTY’S PROPERTY IS IMMUNE FROM ANY LEGAL PROCESS ISSUED BY SUCH COURTS; OR (III) ANY ACTION OR OTHER PROCEEDING COMMENCED IN
SUCH COURTS IS BROUGHT IN AN INCONVENIENT FORUM. THE MAILING OF PROCESS OF OTHER PAPERS IN CONNECTION WITH ANY SUCH ACTION OR PROCEEDING IN THE MANNER PROVIDED IN SECTION 11.5 (OR IN SUCH OTHER MANNER AS MAY BE PERMITTED BY LAW) SHALL BE
VALID AND SUFFICIENT SERVICE THEREOF AND HEREBY WAIVE ANY OBJECTIONS TO SERVICE ACCOMPLISHED IN THE MANNER PROVIDED HEREIN. THE PARTIES HEREBY IRREVOCABLY WAIVE ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR
RELATING TO THIS AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 [Signature Page Follows] 

  
 25 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed as of the day
and year first above written. 
  

			
	HARLEY-DAVIDSON, INC.
		
	By:	 	 /s/ Paul J. Krause

	Name: Paul J. Krause
	Title: Chief Executive Officer
	
	LIVEWIRE EV LLC
		
	By:	 	 /s/ Amanda Parker

	Name: Amanda Parker
	Title: Chief Legal Officer

 EXHIBIT A 

LIVEWIRE EMPLOYEES 
  

	1.	 Abad, Mariano 

  

	2.	 Akrikencheikh, Judi 

  

	3.	 Amber, Lucas 

  

	4.	 Aunkst, David 

  

	5.	 Bednarz, Mike 

  

	6.	 Bekefy, Jon 

  

	7.	 Krimpelbein, Ben (Pending Start) 

 

	8.	 Bhushan, Swaroop 

  

	9.	 Black, Matthew 

  

	10.	 Blomdahl, Kirk 

  

	11.	 Brett, Pfarr 

  

	12.	 Burns, Shannon 

  

	13.	 Cahya, Harianto, 

  

	14.	 Chitnis, Abhishek 

  

	15.	 Cirillo, Jill 

  

	16.	 Cole, Mark 

  

	17.	 Connelly, David 

  

	18.	 Delling, Lindsay 

  

	19.	 Douglas, Harlan 

  

	20.	 Easterla, Dylan 

  

	21.	 Halverson, Eric 

  

	22.	 Esmael, Mufaddal 

  

	23.	 Fabian, Lucas 

  

	24.	 Farage, Ryan 

  

	25.	 Feldman, Gerald 

  

	26.	 Fleming, Justin 

  

	27.	 Flieh, Huthaifa 

  

	28.	 Frazier, Anna 

  

	29.	 Gabergrits, Evgueni 

  

	30.	 Gales, Mark 

	31.	 Gnanasek, Mugesh 

  

	32.	 Gopireddy, Manasa 

  

	33.	 Graaf, Jason 

  

	34.	 Gudmundsson, Stefan 

  

	35.	 Haag, Jeff 

  

	36.	 Hafezinasab, Hamidreza 

 

	37.	 Handley, Christian 

  

	38.	 Hannah, Michael 

  

	39.	 Hebert, Stephen 

  

	40.	 Herb, Robert 

  

	41.	 Hietpas, Brian 

  

	42.	 Huang, Robert 

  

	43.	 Hunter, Mitchell 

  

	44.	 Klaus, Jeff (Pending Hire) 

 

	45.	 Nienhuis, Jeffrey (Pending Hire) 

 

	46.	 Jha, Niharika 

  

	47.	 Jimenez, Natasha 

  

	48.	 Johnson, Rick 

  

	49.	 Jyoti, Nitin 

  

	50.	 Kato, Mikalea 

  

	51.	 Kazmirski, Todd 

  

	52.	 Kelley-Sexton, Margo 

 

	53.	 Kelly, Renae 

  

	54.	 Kohlman, Chris 

  

	55.	 Konieczka, Kyle 

  

	56.	 Konkel, Eric 

  

	57.	 Konshak, Joe 

  

	58.	 Kuczmarski, Ashley 

  

	59.	 Kulai, Harshith 

  

	60.	 Lehrbaum, Daniel 

  

	61.	 Lorbiecki, Alexandra 

 

	62.	 Luddy, Stephan (pending start) 

 

	63.	 Gillihan, Maijken (pending start) 

	64.	 Maksim, Sorin (pending start) 

 

	65.	 Marchese, Gina 

  

	66.	 Marotta Jr, Frank 

  

	67.	 Masoud, Vaezi 

  

	68.	 McGinley, Ben 

  

	69.	 Mennitt, Tim 

  

	70.	 Metzner, Adam 

  

	71.	 Millis, Joseph 

  

	72.	 Monge, Louie 

  

	73.	 Morrissey, Ryan 

  

	74.	 Mroz, Jamieson 

  

	75.	 Neelam, Chopade 

  

	76.	 Noonan, Maureen 

  

	77.	 O’Mahoney, Dylan 

 

	78.	 Osgood, Steven 

  

	79.	 Perez, Nicholas 

  

	80.	 Plesetz, Jonathan 

  

	81.	 Prosser, Nick 

  

	82.	 Purfeerst, Jamie 

  

	83.	 Ravari, Shahriar 

  

	84.	 Reitinger, Samuel 

  

	85.	 Richter, Dwayne 

  

	86.	 Rinaldo, Steven 

  

	87.	 Romo, Hector 

  

	88.	 Roseberry, Harlan 

  

	89.	 Rosenkranz, Erik 

  

	90.	 Roth, Shannon 

  

	91.	 Safarik, Dan 

  

	92.	 Sanchez, Mario 

  

	93.	 Sandeep, Chava (pending hire) 

 

	94.	 Scalzo, Timothy 

  

	95.	 Scherbarth, Brian 

  

	96.	 Schweiner, Vanessa 

	97.	 Scot, Ferguson 

  

	98.	 Severance, Ryan 

  

	99.	 Shweta, Sawant 

  

	100.	 Silovich, Brian 

  

	101.	 Stafford, Eric 

  

	102.	 Strader, Vance 

  

	103.	 Sweney, Rob 

  

	104.	 Szymanski, Kevin 

  

	105.	 Tareen, Affan 

  

	106.	 Tarun, Sadineni (Pending hire) 

 

	107.	 Thede, Jared 

  

	108.	 Thuilliez, Jacob 

  

	109.	 Tirumalareddy, Pavan 

 

	110.	 Trebe, Kevin 

  

	111.	 Uduwage, Don 

  

	112.	 Weaver, Austin 

  

	113.	 Weiss, Andrew 

  

	114.	 Woyak, James 

  

	115.	 Yuhasz, Donald 

  

	116.	 Ziegler, Taylor 

 EXHIBIT B 

SHARED EMPLOYEE 
  

	1.	 Jochen Zeitz 

 EXHIBIT C 

HD HEALTH AND WELFARE PLANS 
  

	1.	 Harley-Davidson, Inc. U.S. Salaried Leave, Vacation and Other Time Off Information 

 

	2.	 Harley-Davidson Motor Company Group Retiree Health Care Account 

 

	3.	 Group Insurance Plan for Employees of Harley-Davidson Motor Company Group LLC, which includes the following
benefits: 

  

	 	a.	 Medical 

  

	 	b.	 Prescription drug 

  

	 	c.	 Dental 

  

	 	d.	 Vision 

  

	 	e.	 Life Insurance 

  

	 	f.	 Accidental death & dismemberment 

 

	 	g.	 Supplemental life insurance 

 

	 	h.	 Short-term disability 

 

	 	i.	 Long-term disability for salaried employees 

 

	 	j.	 Long-term disability and voluntary life insurance for Kansas City Hourly Employees 

 

	 	k.	 Personal accident insurance plan 

 

	 	l.	 Business travel accident insurance 

 

	 	m.	 Employee assistance plan 

 

	 	n.	 Cafeteria plan 

  

	 	o.	 Health care spending accounts 

 

	 	p.	 Dependent care spending accountEX-10.14

 Exhibit 10.14 

Execution Version 

Certain portions of this Exhibit have been redacted pursuant to Item 601(b)(10) of 

Regulation S-K and, where applicable, have been marked with “[***]” to indicate 

where redactions have been made. 

CONTRACT MANUFACTURING AGREEMENT 

This CONTRACT MANUFACTURING AGREEMENT (this “Agreement”) is made as of September 26, 2022 (the “Signing
Date”), by and between Kwang Yang Motor Co., Ltd., a Taiwanese company (“KYMCO”), and LiveWire EV, LLC, a Delaware limited liability company (“LiveWire”). KYMCO and LiveWire are each a
“Party” and are sometimes referred to herein collectively as the “Parties.” 
 RECITALS 

WHEREAS, Parties believe that there are compelling benefits to cooperate together to realize specific opportunities in the electric
vehicles (“EV”) industry and desire to engage in the long term cooperation (“Long Term Collaboration”) as described under certain Long Term Collaboration Agreement made as of 12 December 2021 (the “Long
Term Collaboration Agreement”); and 
 WHEREAS, in connection with the Long Term Collaboration, LiveWire desires to
exclusively obtain from KYMCO, and KYMCO desires to provide to LiveWire, contract manufacturing and procurement services in relation to the LiveWire’s Slayer Powertrains and all two-wheel products that
leverage Slayer Powertrains (“Covered Products”) as further specified and identified in Exhibit A (the “Products”), in accordance with the terms and conditions of this Agreement. Any joint development,
design or manufacturing of EV products (including the Products), platforms and/or resources will be separately agreed by the Parties in accordance with the guidelines set forth under Section 7.6 of the Long Term Collaboration Agreement. 

NOW, THEREFORE, in consideration of the foregoing, the covenants and agreements set forth herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 
 ARTICLE 1 

DEFINITIONS 
 1.1 For
purposes of this Agreement, capitalized terms shall have the meaning set forth in the body of this Agreement or as set forth below in this ARTICLE 1. To the extent any capitalized terms are not defined herein, they shall have the meanings set
forth in the Long Term Collaboration Agreement. 
 (a) “Actual Cost” means, with respect to the manufacture and delivery of
a Product, KYMCO’s actual direct costs, without mark-up, to manufacture and deliver such product, plus a reasonable allocation of overhead and other operating expenses and, with respect to third-party
providers, a reasonable allocation of the amounts paid to such providers that is proportionate to usage of services by or on behalf of LiveWire; provided that, subject to Section 12.1(b), KYMCO shall not increase
LiveWire’s fixed cost allocations because of adverse changes in KYMCO’s production volumes, and KYMCO shall not be required to increase its own fixed cost allocations because of adverse changes in LiveWire’s production volumes. 

  
 1 

 (b) “Affiliate(s)” in relation to (a) KYMCO, means any company,
enterprise, or legal entity directly or indirectly Controlled by KYMCO; (b) LiveWire, means any company, enterprise, or legal entity directly or indirectly Controlled by LiveWire; and (c) any other Person, means any company, enterprise, or
legal entity directly or indirectly Controlled by such Person, Controlling such Person or under common Control with such Person. 
 (c)
“Business Day” shall mean any day, other than Saturday, Sunday or other day on which commercial banks are authorized or required to close in the U.S. and Taiwan. 

(d) “Change of Control Event” means (i) the sale of all or substantially all of the assets of a Party, or (ii) a
sale of equity interests, merger, consolidation, recapitalization or reorganization of a Party, unless the Control of such a Party after such sale of equity interests, merger, consolidation, recapitalization or reorganization are beneficially owned,
directly or indirectly, by the Persons who beneficially owned such Party’s Control prior to such transaction. 
 (e)
“Confidential Information” has the meaning given to that expression in Appendix 1 of the Long Term Collaboration Agreement and includes (i) non-public information and material of a
Party or its Affiliates (and of companies with which such Party has entered into confidentiality agreements) that the other Party obtains knowledge of or access to in connection with this Agreement;
(ii) non-public Intellectual Property of the disclosing party; and (iii) business and financial information of the disclosing party, including pricing, business plans, forecasts, revenues, expenses,
earnings projections, sales data and any and all other non-public financial information; provided, however, “Confidential Information” does not include information that: (A) is or becomes public
knowledge without any action by, or involvement of, the recipient or its Affiliates or contractors; (B) is independently developed by the recipient without reference or access to the Confidential Information of the disclosing party; (C) is
already in the recipient’s possession on a non-confidential basis at the time of disclosure thereof; or (D) is obtained by the receiving Party without restrictions on use or disclosure from a third
party who did not receive it, directly or indirectly, from the disclosing party. 
 (f) “Contractual Expiration Date” means,
with respect to each Product, the date specified in Exhibit A as the “Contractual Expiration Date” for such Product, after which KYMCO will have no obligation to continue manufacturing such
Product and LiveWire shall have no obligation to continue purchasing such Product (other than under any Orders submitted prior to such date or following such date pursuant to Section 2.14). 

(g) “Control” means ownership of fifty percent (50%) or more of the share capital or voting stock of a company, enterprise or
other legal entity or the power to appoint the majority of board members or otherwise direct or cause to the direction of the management or policies of a company, enterprise or other legal entity. 

(h) “EV Manufacturing Processes” means proprietary processes relating to the fabrication and assembly of EV Powertrain systems
and components, as well as final EV vehicle assembly (including appropriate sub assembly actions and painting of appropriate components). 

  
 2 

 (i) “KYMCO’s Facility” means KYMCO’s manufacturing facility or
storage facility (or the applicable facility of KYMCO’s supplier) designated by KYMCO for the manufacture or storage of Products hereunder. 

(j) “KYMCO Production Assets” means all Production Assets other than LiveWire Production Assets. 

(k) “KYMCO Tooling” means all Tooling other than LiveWire Tooling and Shared Tooling. 

(l) “Improvements” means all modifications, enhancements, derivative works and improvements of Intellectual Property. 

(m) “Intellectual Property” means all intellectual property rights in any and all jurisdictions throughout the world,
including domestic and foreign patents, copyrights, mask works, designs, trade secrets, and any other intellectual property rights in technologies, software, know-how, inventions, data, methods, processes and
other confidential or proprietary information, but excluding any Trademarks. 
 (n) “Lead Time” means, with respect to a
Product, the period of time preceding the scheduled delivery date of such Product that is specified in Exhibit A 
 (o)
“LiveWire Production Assets” means the Production Assets used exclusively for the production of Products. 
 (p)
“LiveWire Production Materials” means all Production Materials other than Shared Production Materials. 
 (q)
“LiveWire Tooling” means Tooling used exclusively for the production of Products. 
 (r) “Losses” means any
and all liability, loss, cost, expense, debt or obligation of any kind, character or description, and whether known or unknown, accrued, absolute or otherwise, and regardless of when asserted or by whom. 

(s) “Minimum Order Quantity” means, with respect to a Product, the minimum number of units that LiveWire must order when it
places an Order for such Product, as specified in Exhibit A and as may be modified by mutual agreement of the Parties in good faith from time to time. 

(t) “Minimum Annual Volume Commitment” means, with respect to a Product, the annual volume of such Product required to be
purchased by LiveWire from KYMCO as specified in Exhibit A. 
 (u) “Order” means a written or electronic firm
purchase request for Products issued by LiveWire to KYMCO and accepted by KYMCO after the Effective Date of this Agreement. Orders may be placed as discrete purchases or as part of an ongoing delivery schedule and will be placed utilizing the
SD&I Process. 

  
 3 

 (v) “Order Deficit Impact Fee” means the sum of (i) the Product Price
of the Product Order Deficit less the Actual Cost of such Products, and (ii) the allocation of overhead and other operating expenses included in the Actual Cost of such Products. 

(w) “Person” mean an individual, a corporation, an association, a partnership, an estate, a trust and any other entity or
organization. 
 (x) “Personal Information” means all information received by either Party in any tangible or intangible
form that relates to or personally identifies or makes identifiable the other Party’s employees, customers, agents, end-users, suppliers, contacts or representatives. Examples of Personal Information may
include, but are not limited to, individual names, addresses, phone numbers, email addresses, purchase history, employment information, financial information, medical information, credit card numbers, social security numbers, and product service
history. 
 (y) “Platform” means, with respect to a vehicle, the battery, motor and power electronics that deliver the
performance for such vehicle. 
 (z) “Powertrain” means LiveWire EV propulsion unit and related control and management
systems. 
 (aa) “Product Order Deficit” means, with respect to a Product, the amount (if any) by which the Minimum Annual
Volume Commitment for such Product exceeds the actual quantity of such Product ordered by LiveWire during any applicable year. 
 (bb)
“Product Price” means, with respect to a Product, the price that is specified for such Product on Exhibit A, [***]. 

(cc) “Production Assets” means the machinery and equipment (and related gauges and fixtures used for assembly) that are used
for the production of Products hereunder, excluding Tooling. 
 (dd) “Production Materials” means raw materials, components,
subassemblies, parts, other supplies and any industrial services required for the manufacturing of Products hereunder. 
 (ee)
“SD&I Process” means the Supply, Demand and Inventory (SD&I) process to be mutually agreed by the Parties. 
 (ff)
“Shared Production Materials” means Production Materials that are used in both KYMCO products and Products, with the exception of any such materials that LiveWire determines to procure for itself in accordance with
Section 5.3. For the avoidance of doubt, such Shared Production Materials (a) shall exclude LiveWire Production Materials, and (b) shall exclude other LiveWire products, accessories, parts and other materials
sourced as LiveWire Production Materials that are provided, licensed, or sold to KYMCO by LiveWire. 
 (gg) “Shared Tooling”
means Tooling that is mutually determined by the Parties and treated as “Joint Tooling” under the Long Term Collaboration Agreement. 

  
 4 

 (hh) “Specifications” means LiveWire’s written functional and
performance criteria, visual inspection criteria, electrical test and electrical parameters, dimensional and structural requirements, test methods and other specifications (including packaging requirements) for each Product, which are provided to
KYMCO in writing. 
 (ii) “Termination Charges” means, without duplication, with respect to a Product, all expenditures,
accruals or cost allocations arising from, relating to or incurred in connection with KYMCO’s end of production of such Product earlier than the end of the Initial Term for such Product, including all those relating to: (i) the termination
or cancellation of procurement of materials, goods and services, including supplier compensation payments, cancellation penalties, payments for obsolescence of material,
work-in-progress and finished goods (whether sold at a loss or scrapped) or life-time buys of materials or goods from suppliers and all applicable premiums that were
approved by LiveWire; (ii) the termination of employees or contract employees, including any wages, salaries and benefits through the earlier of the end of the Initial Term for the relevant Product and the date the obligation to pay such wages,
salary and benefits expires, severance costs (to the extent such severance costs are consistent with KYMCO’s standard severance plan or any applicable collective bargaining agreement then in place), relocation costs, outplacement services,
training costs and other termination-related payments; (iii) any overtime charges incurred in connection with last-time buys or building of a bank of materials that were approved by LiveWire; (iv) the disposal or scrapping of materials, work-in-progress or finished goods; (v) machinery and equipment, including related tooling, jigs, dies, gauges, fixtures, molds, patterns and other accessories, whether
incurred as a result of the reconfiguration, relocation, disposal or scrapping thereof, an adjustment in the allocable share of depreciation and amortization or otherwise; (vi) any outstanding incremental capital investment made by KYMCO with
respect to such Product (including related costs of capital); (vii) the surrender or vacation of unused manufacturing space dedicated to the relevant Product, including rental and leasehold payments, an allocable share of depreciation and
amortization taxes and insurance premiums through the end of the Initial Term for the relevant Product; and (viii) the write-off of net book value of KYMCO Production Assets that are disposed of or
destroyed in connection with the end of production of the relevant Product, in each case, regardless of whether such cash expenditures, accruals and cost allocations are incurred or disbursed prior or after the end of production of the relevant
Product. For the avoidance of doubt, to the extent an expenditure, accrual or cost allocation, has been satisfied or paid by LiveWire in accordance the other provisions of this Agreement such amount shall be excluded from the calculation of
Termination Charges. 
 (jj) “Tooling” means all tooling, including related jigs, dies, gauges, fixtures, molds, patterns
and similar accessories, required for the manufacturing of Products hereunder. 

  
 5 

 1.2 Each of the following terms is defined in the Section set forth opposite such term:

  

			
	 Term
	  	 Article / Section

	Agreement	  	Preamble
	Average FX Rate	  	3.3(b)
	Chosen Courts	  	14.6
	Covered Products	  	Recitals
	Data Processing Agreement	  	Exhibit B
	Effective Date	  	13.1
	EV	  	Recitals
	Exceptions	  	ARTICLE 10
	Force Majeure Event	  	ARTICLE 11
	Forecasts	  	2.4
	Indirect Taxes	  	3.3(c)
	Initial Term	  	13.1
	KYMCO	  	Preamble
	KYMCO Data	  	8.3
	LiveWire	  	Preamble
	LiveWire Data	  	8.3
	LiveWire’s Recall Obligations	  	6.3
	Long Term Collaboration	  	Recitals
	Long Term Collaboration Agreement	  	Recitals
	Parties	  	Preamble
	Party	  	Preamble
	Payor	  	3.3(c)
	Privacy and Security Requirements	  	Exhibit B
	Products	  	Recitals
	Quarterly True-Up Report	  	3.2
	Recall	  	6.1
	Renewal Term	  	13.1
	Review Month	  	3.3(b)
	Signing Date	  	Preamble
	Technical Manufacturing Documents	  	7.1
	Term	  	13.1
	Warranty Period	  	4.2

  
 6 

 ARTICLE 2 

MANUFACTURING SERVICES 

2.1 Manufacturing Services. LiveWire hereby appoints KYMCO as LiveWire’s exclusive manufacturer for the Covered Products for a
period that begins on the date that KYMCO begins manufacturing such Products and ends five (5) years thereafter, provided that KYMCO has relevant manufacturing abilities and capabilities for such Products. As LiveWire introduces new products as
part of Covered Products, the Parties will revise Exhibit A to include such new products as Products hereunder, subject to the manufacturing abilities and capabilities as mentioned above. LiveWire may also request KYMCO to manufacture
other products from time to time, and if KYMCO agrees to manufacture such products, the Parties will revise Exhibit A to include such products. KYMCO hereby accepts the appointment and agrees to manufacture and supply to LiveWire the
Products in accordance with the Specifications from the Effective Date until the Contractual Expiration Date of each Product, in accordance with the terms of this Agreement, subject to the early termination of this Agreement in accordance with
Article 13. KYMCO will perform its manufacturing services (a) in a professional and workmanlike manner and in accordance with good industry practice and applicable law, and (b) with at least the same (and no less than reasonable)
standard of service (including with respect to quality, skill and diligence) that KYMCO provides to its own other businesses. 
 2.2
Contractors. KYMCO may subcontract its obligations hereunder, provided that, during the exclusivity period for the Covered Products, KYMCO may not engage subcontractors to manufacture Covered Products without LiveWire’s prior written
consent (which shall not be unreasonably withheld, conditioned or delayed), except that LiveWire’s consent shall not be needed for KYMCO to subcontract to KYMCO’s Affiliates. KYMCO shall be and remain responsible for each
subcontractor’s compliance with this Agreement to the same extent KYMCO would be responsible for its own compliance with this Agreement. For the avoidance of doubt, except for LiveWire Production Materials, KYMCO may, subject to
Section 5.2 of the Agreement, procure any Production Materials from any other third parties. 
 2.3 Minimum
Annual Volume Commitments; Annual Review. LiveWire agrees to order, each year during the term, an amount of each Product that meets or exceeds the Minimum Annual Volume Commitment for such Product. If at the end of each year during the Term,
there is a Product Order Deficit, then KYMCO will issue LiveWire an invoice for the Order Deficit Impact Fee, and LiveWire may elect, in its sole discretion, to order and take receipt of the amount of Product necessary to meet the Minimum Annual
Volume Commitment for such Product, or pay the Order Deficit Impact Fee within sixty (60) days of receipt of the invoice; provided that, at LiveWire’s option, LiveWire shall be relieved of its obligation to pay the Order Deficit Impact Fee
to the extent that the Product Order Deficit is the result of KYMCO’s failure to fulfill Orders placed in accordance with this Agreement (except to the extent KYMCO’s failure to fulfill Orders was caused, directly or indirectly, by
LiveWire). The Parties will review the Minimum Annual Volume Commitments on an annual basis. 
 2.4 Forecasts. LiveWire shall provide
KYMCO, on a monthly basis in accordance with the SD&I Process, a rolling forecast indicating LiveWire’s monthly Product requirements for the following twelve (12) months (“Forecasts”). The quantity of Products
forecasted for the first ninety (90) days of each Forecast shall be firm and binding and LiveWire shall be obligated to submit an Order for and purchase the quantities of Products set forth in such binding portion of each Forecast, including
the Minimum Order Quantity. 

  
 7 

 2.5 Orders. LiveWire shall issue Orders for Products in accordance with the Lead Time
for each Product. Each Order shall include, at minimum: 
 (a) LiveWire’s internal order reference; 

(b) an adequate description of the Products being ordered (e.g. a part number); 

(c) the price to be paid for the Products ordered; 

(d) the Product quantity and time of delivery; 

(e) the place or places of delivery; 

(f) any special packaging requirements; and 

(g) any special packing and shipping requirements. 

2.6 Acceptance of Orders; Fair Share. 

(a) Within five (5) Business Days of KYMCO’s receipt of an Order, KYMCO shall expressly acknowledge receipt and, if applicable,
acceptance of the Order by sending an email to LiveWire (or such other method of communication agreed to by the Parties from time to time); provided, that, if there are any special packaging requirements or special packing and shipping requirements
that have not been accepted by KYMCO through any prior Order, then both Parties shall make reasonable efforts to mutually agree upon an extension to this five (5)-Business-Day period for Order acceptance as
soon as possible after the receipt of such Order . KYMCO shall accept all Orders that comply with the Lead Time and the Minimum Order Quantity, that are consistent with the Forecast, and that comply with the other terms and conditions of this
Agreement and shall consider in good faith whether to accept Orders outside of the foregoing parameters. Notwithstanding the foregoing, KYMCO shall be relieved from any obligation to fulfill LiveWire’s Orders for a Product to the extent that:
(i) the quantities of Production Materials delivered to KYMCO’s Facility are insufficient to fulfill LiveWire’s Order for Products; or (ii) the Products ordered exceed KYMCO’s maximum production capacity for such Products;
provided, that, if the quantities of any Shared Production Materials are insufficient to meet the Parties’ aggregate requirements for the manufacture of Products hereunder and KYMCO’s requirements for its own products, then
any such Production Materials acquired by the Parties shall be apportioned between the Parties on a pro rata basis based on the applicable production schedules so that each Party’s requirements are covered proportionately. 

(b) KYMCO shall: (i) maintain sufficient manufacturing capacity to meet the forecasted volumes for each Product; and (ii) maintain
business continuity and risk mitigation strategies substantially similar to those that KYMCO provides to its own other businesses. 
 2.7
Lead Times; Specifications. 
 (a) The Parties may mutually agree to change the Lead Time applicable to a Product in good faith and
neither Party will unreasonably withhold, condition, or delay consent to a requested change to a Lead Time modification proposed by the other Party. 

(b) LiveWire shall have the right to change the Specifications provided that LiveWire shall notify KYMCO in advance of the contents, timing and
other matters concerned with such change to the Specifications and shall be responsible for any additional cost and expense necessary for the manufacturing of the Products to conform to the amended Specifications, provided that any such change to
the Specifications shall be mutually agreed to by the Parties, and such agreement shall not be unreasonably withheld. 

  
 8 

 2.8 Packaging. LiveWire shall provide standards for packaging for each Product to
KYMCO prior to the first shipment and delivery of each Product. KYMCO shall prepare a packaging test report in accordance with the standard and schedule as provided by LiveWire for LiveWire’s review and confirmation prior to utilizing such
packaging. Should any change to the packaging be requested after the first delivery, LiveWire shall notify KYMCO in advance so that relevant testing and measures for such change may be effected. LiveWire understands and agrees that it shall bear all
costs and expenses relating to the packaging and any testing for the packaging of each Product. 
 2.9 Delivery; Incoterms. All
Products will be delivered by KYMCO to LiveWire FOB Kaohsiung. Except as otherwise provided hereunder, the terms, conditions and obligations of FOB (Incoterms 2020) are incorporated herein by reference. 

2.10 Discrepancies. If LiveWire discovers any discrepancy between: (i) the quantity or type of Products ordered by LiveWire and
that received by LiveWire; or (ii) the quantity or type of Products invoiced by KYMCO and that received by LiveWire, LiveWire will promptly notify KYMCO thereof, and in any event in less than thirty (30) days from such discovery. 

2.11 Shortages. If the discrepancy is a shortage and KYMCO invoiced LiveWire for the full amount of Products ordered, KYMCO shall, at
LiveWire’s option: (i) adjust the invoice; (ii) refund LiveWire for amounts paid for such Products to adjust for such shortage; or (iii) as quickly as commercially and reasonably practicable, at KYMCO’s cost and expense,
supply the number of units in such shortage to LiveWire provided LiveWire has paid or commits to pay KYMCO in full for such units. KYMCO shall be entitled to any insurance proceeds paid to LiveWire in respect of a shortage for which it replaces
units or compensates LiveWire. 
 2.12 Overages. In case of an unintentional overage in any shipment, irrespective of when and by
which Party discovered, LiveWire shall keep such quantity and pay the amount invoiced or the amount to be invoiced if the invoice did not include such overage, provided that KYMCO has taken commercially reasonable actions to try to prevent such
overages from occurring. LiveWire shall have the right to adjust any Forecasts to account for such overages. 
 2.13 Verification.
For purposes of verifying and substantiating any claim(s) for compensation made by a Party under this Agreement, such Party shall provide to the other Party reasonable access to such Party’s premises and such information as the other Party
shall reasonably request. Access to such books and records shall only be provided to the extent permitted by applicable law. 
 2.14
Contractual Expiration Date. LiveWire must submit any Order with respect to a Product with sufficient Lead Time so that the Product can be delivered before the Contractual Expiration Date, and KYMCO will have no obligation to continue
manufacturing any Product after the Contractual Expiration Date for such Product and LiveWire will have no obligation to continue purchasing such Product from KYMCO after the Contractual Expiration Date for such Product (other than under any Orders
submitted prior to such date or following such date pursuant to this Section 2.14); provided, that, KYMCO may, in its sole discretion, accept Orders that would require manufacturing after the applicable
Contractual Expiration Date and, if KYMCO chooses to accept any such Order, such Order will be subject to the terms of this Agreement. 

  
 9 

 2.15 Dealer and Customer Responsibilities. LiveWire shall have sole responsibility
for its dealer and customer relationships related to Products, including dealer and customer satisfaction, warranty (but without limiting any rights or remedies LiveWire may have hereunder with respect to
non-conforming Products) and other dealer and customer obligations. KYMCO shall have no contractual relationship with, and no responsibility to, the dealer or end customers of the Products with respect to the
Products. 
 ARTICLE 3 

PAYMENT 
 3.1
Invoices. KYMCO will issue an invoice for the Product Price for all Products delivered hereunder, at or promptly following delivery. KYMCO will issue an invoice for any Termination Charges and any other costs, fees, expenses or charges
hereunder (except as noted in the foregoing or elsewhere in this Agreement) within a reasonable time of incurring and/or determining such costs, fees, expenses or charges. 

3.2 Quarterly True-Up. Within one month following the end of each calendar quarter during the
Term, KYMCO shall conduct an analysis to determine whether the direct costs incurred by KYMCO in connection with the manufacture and delivery of Products during such quarter differed from the direct cost component of the Product Price, and whether
the allocation of overhead and other operating expenses for such calendar quarter should be adjusted from the allocation of overhead and other operating expenses in the Product Price, based on the relative manufacture of KYMCO products and Products
during such calendar quarter; provided that, subject to Section 12.1(b), KYMCO shall not increase LiveWire’s fixed cost allocations because of adverse changes in KYMCO’s production volumes, and KYMCO shall not be
required to increase its own fixed cost allocations because of adverse changes in LiveWire’s production volumes. Upon conclusion of such analysis, KYMCO will deliver a report to LiveWire which specifies the results of the analysis (the
“Quarterly True-Up Report”). 
 3.3 Payment; Foreign Exchange Conversion;
Taxes. 
 (a) LiveWire shall pay invoices (other than amounts disputed in good faith) within sixty (60) days after the receipt date
of such invoice, provided that, notwithstanding anything to the contrary in this Agreement, [***]; provided that payment of any amounts shall not be deemed to be a waiver of LiveWire’s right to dispute or recover such amounts. All
payments will be made in United States Dollars. In the event that either LiveWire fails to make a payment as prescribed above, following written notification to LiveWire by KYMCO, KYMCO may withhold further delivery of Product(s) to LiveWire until
such delinquent payment is received. If LiveWire fails to pay all or any portion of any such invoiced amount by the required date, LiveWire will be obligated to pay to KYMCO, in addition to the amount due, interest at an interest rate of
[***] per month, accruing continuously from the date the payment was due through the date of actual payment. 

  
 10 

 (b) Conversion of New Taiwan Dollar to United States Dollars required under this Agreement
will be made using a designated exchange rate between the New Taiwan Dollar and United States Dollars that will be set based on the following process: (i) as promptly as reasonably practicable after the start of each January, April, July and
October (each, a “Review Month”) during the Term, the Parties shall calculate the average of the daily New Taiwan Dollar and United States Dollars foreign exchange rate published by The Wall Street Journal
(https://www.wsj.com/market-data/quotes/fx/TWDUSD/historical-prices) (the “Average FX Rate”) for the immediately preceding calendar quarter, (ii) in the second and third month of each calendar quarter, the New Taiwan Dollar and
United States Dollars foreign exchange rate for Orders placed during such months shall be the Average FX Rate for the immediately preceding calendar quarter, and (iii) in the first month of each calendar quarter, the New Taiwan Dollar and
United States Dollars foreign exchange rate for Orders placed during such month shall be the Average FX Rate for the second preceding calendar quarter. If fluctuations in rates of exchange in effect between the New Taiwan Dollar and United States
Dollars at a quarter exceeds the Average FX Rate calculated as described in the immediately preceding sentence by ± two (2) % or more, whether by way of an increase or decrease, the applicable Average FX Rate calculated as described in the
immediately preceding sentence shall be adjusted proportionally. 
 (c) LiveWire shall be responsible for all sales, use and goods and
services, value-added, and any other similar Taxes, duties and charges (“Indirect Taxes”) imposed by any federal, state or local government entity on any amounts payable by LiveWire hereunder, provided that KYMCO will be solely
responsible for the payment of its income Taxes, franchise or similar Taxes, its employee’s salaries, unemployment insurance, workers’ compensation, employee benefits and other employment-related costs, charges and deductions. Each invoice
provided under Section 3.1 shall properly reflect all Indirect Taxes payable by LiveWire, and if applicable, such information reasonably required for LiveWire to obtain a refund, credit or offset of such Indirect Taxes in
accordance with applicable law. Livewire and KYMCO shall make reasonable efforts to cooperate to the extent necessary to obtain any exemption relating to, or reduced rate of, any such Indirect Tax, including by providing exemption certificates or
other information reasonable required to establish an exemption. The parties will reasonably cooperate to minimize any deduction or withholding for or on account of Tax, including making applicable double taxation treaty clearance applications. If
any Taxes are required to be deducted or withheld from any payments made by one Party (the “Payor”) to another Party hereunder, then such Payor shall withhold or deduct the required amount and promptly pay such Taxes to the
applicable Tax authority and any such amounts shall be deemed to have been paid hereunder. 
 3.4 Quarterly Pricing Review; Changes in
Product Prices. The Parties will review the Product Prices every three (3) months from the Effective Date. 
 3.5 [***] 

ARTICLE 4 
 QUALITY

 4.1 Warranty. KYMCO warrants to LiveWire, its successors and assigns for the duration of the Warranty Period that the Products
delivered to LiveWire in accordance with the terms and conditions of this Agreement (i) will be free from defects in workmanship and will conform to the Specifications, and (ii) will be free from Liens and encumbrances. 

  
 11 

 4.2 Warranty Period. The foregoing warranties shall [***] (the
“Warranty Period”). Notwithstanding the foregoing, if at the time of receipt of the Specifications, KYMCO reasonably determines that, due to current technological limitations, the foregoing Warranty Period cannot be provided, KYMCO
shall have the right to notify LiveWire of such issue and the Parties agree to mutually discuss in good faith a reduced Warranty Period accordingly. Where no consensus can be reached through the discussion of the Parties, LiveWire shall be entitled
to contract or designate third party suppliers for the relevant Products, parts and/or accessories to the extent that the foregoing Warranty Period cannot be provided by KYMCO. LiveWire may submit a written request to KYMCO requesting an extension
to the Warranty Period for a Product. KYMCO shall consider any such request in good faith, and notify LiveWire of the cost to LiveWire of any such extension, which cost shall be reasonably determined in accordance with typical warranty cost
analysis. If the Parties mutually agree on such extension, the Warranty Period for the applicable Product will be so extended (with respect to quantities of such Product supplied by KYMCO following the effective date of the extension), and the
Product prices shall be increased to include the cost of the extended Warranty Period. For the avoidance of doubt, KYMCO shall only be liable for Warranty claims relating to KYMCO’s manufacturing and/or assembly of such Products, parts and
accessories and for claims related to parts and accessories procured as Shared Production Materials. 
 4.3 Remediation. In the event
LiveWire discovers any quality problems with the Products delivered hereunder, LiveWire shall promptly advise KYMCO and the Parties shall seek to remedy any such problems from occurring in the future. If LiveWire can reasonably demonstrate that a
Product delivered hereunder fails to conform to the warranties set forth in Section 4.1 and Section 4.2 of this Agreement and provide reasonable supporting evidence for such failure, (i) in
the event where such non-conforming Products have already been sold and delivered to any third-party by LiveWire, LiveWire will, after providing KYMCO with an estimated cost relating thereto, either repair or
replace, at its sole option, the non-conforming Products for such third-party, and KYMCO will reimburse LiveWire for any costs (including any shipping or delivery costs in connection with a repair or replacement) reasonably incurred relating to such
repair or replacement; and (ii) other than the circumstances described in the preceding Section 4.3(i), each Party will use commercially reasonable efforts to cooperate with the other Party and to take any actions
reasonably requested by the other Party with respect to the remediation of any such non-conforming Products at KYMCO’s cost (including any shipping or delivery costs in connection with a repair or
replacement). For the avoidance of doubt, KYMCO shall not be liable for any breach of the warranties set forth in Section 4.1 and Section 4.2 and LiveWire will have no legal remedy from KYMCO for the
relevant non-conforming Products if such breach is caused (x) by materials or items that are owned, furnished, or designated by LiveWire, (y) by designs, specifications, qualifications and/or
instructions provided by LiveWire in writing or as can be proven are provided by LiveWire through other evidence, or (z) a failure of a supplier of LiveWire Production Materials, LiveWire Production Assets or Tooling to comply with its
obligations under its supply contracts with LiveWire or KYMCO; provided that, for suppliers of Shared Production Materials, KYMCO shall use commercially reasonable efforts to work with the applicable supplier to remediate such failure, and shall
pass through to LiveWire, the pro rata portion of any refunds or credits due to LiveWire it obtains under its agreement with such Production Materials supplier with respect to such non-conforming Products. For
the avoidance of doubt, where LiveWire has already received any refunds or credits from KYMCO or a supplier, as applicable, LiveWire shall not claim the same from KYMCO. The Warranty Period for any repaired or replacement Product will be the balance
of the Warranty Period for the original non-conforming Product remaining from the date KYMCO was notified of the warranty claim of the Product. 

  
 12 

 4.4 DISCLAIMER. EXCEPT FOR THE WARRANTIES SET FORTH IN SECTION 4.1 AND SECTION
4.2, KYMCO EXPRESSLY DISCLAIMS TO THE FULL EXTENT PERMISSIBLE BY LAW ANY WARRANTIES, WHETHER EXPRESS, IMPLIED, STATUTORY OR OTHERWISE, AS TO THE NATURE OR STANDARD OF THE SERVICES OR PRODUCTS WHICH KYMCO MAY PROVIDE HEREUNDER, INCLUDING ANY
WARRANTIES OF MERCHANTABILITY OR OF FITNESS FOR A PARTICULAR PURPOSE AND ALL WARRANTIES ARISING FROM ANY COURSE OF DEALING OR USAGE OF TRADE. 

4.5 EXCLUSIVE REMEDIES. SECTION 4.3 CONSTITUTES LIVEWIRE’S SOLE AND EXCLUSIVE REMEDIES FOR A BREACH OF THE WARRANTIES SET
FORTH IN SECTION 4.1 AND SECTION 4.2; PROVIDED THAT THE FOREGOING SHALL NOT LIMIT KYMCO’S LIABILITY ELSEWHERE IN THIS AGREEMENT FOR MANUFACTURING DEFECTS. KYMCO WILL HAVE A REASONABLE TIME TO PROVIDE A REMEDY IN
ACCORDANCE WITH SECTION 4.3. 
 4.6 Certification of Conformity. Each Party will obtain any relevant regulatory certification
or approval of its branded products at its own expense, and such certification or approval will be the exclusive property of such Party. Each Party will provide all reasonable assistance and documentation (other than financial support) to the other
Party for obtaining certification, including access and support for Conformity of Production plant audits and required support and information from suppliers. 

4.7 Field Quality Information. For all quality information of the Products (e.g., vehicle information, customer complaints, maintenance
data, service record, inspection record, and accident report) obtained by LiveWire, LiveWire shall share such information with KYMCO. 

ARTICLE 5 
 PRODUCTION
MATERIALS; PRODUCTION ASSETS; PROCUREMENT 
 AGENCY 

5.1 Procurement by LiveWire. LiveWire shall be exclusively responsible for procurement of [***] (other than their receipt by
KYMCO and handling inside of KYMCO’s Facility) as follows: 
 (a) source-selecting all [***]; 

(b) procuring all [***] including: (i) negotiating the price and all other terms applicable to the supply of [***]; (ii)
placing orders for [***] directly to KYMCO’s Facility with, and issuing forecasts and delivery releases to, the relevant suppliers; (iii) arranging for delivery of [***] directly to KYMCO’s Facility in timely manner and
paying for all related logistics and installation costs; and (iv) receiving and settling all supplier invoices for [***]; 
 (c)
negotiating the price and all other terms applicable to the supply of [***] and entering into contracts with all applicable suppliers (following which KYMCO shall be responsible, as LiveWire’s agent, for ordering, arranging delivery and
settling invoices from such suppliers as set forth in Section 5.2(c)); 

  
 13 

 (d) handling any warranty claims and other claims [***], cost recoveries and
termination and resourcing processes against the relevant suppliers of the foregoing; and 
 (e) for avoidance of doubt, source-selecting,
procuring, purchasing and arranging for delivery and storage of all service parts and parts and accessories (P&A) that are not considered [***] for the purpose of filling up Livewire’s backup supplies for its own post-sale service.

 5.2 Procurement by KYMCO. With respect to [***], KYMCO shall be exclusively responsible for procurement of [***] as
set forth below, and LiveWire shall be ultimately responsible for the procurement of [***] to be used in Products; provided that LiveWire appoints KYMCO as its agent, and KYMCO agrees to its appointment as an agent for LiveWire, for the
procurement of [***] as set forth below. Accordingly, KYMCO shall engage in the following activities: 
 (a) source-selecting all
[***]; source-selecting all [***], provided that KYMCO should use commercially reasonable efforts to provide LiveWire with written notice or other methods as can be proven through other evidence at least ninety (90) days or as
soon as possible, if the ninety (90)-day period is not reasonably practicable, prior to any change to the selection of, appointment of, contracting with, or substitution of any third-party supplier or
manufacturer of the [***]; 
 (b) procuring all [***] including negotiating the price and all other terms applicable to the
supply of [***]; provided that KYMCO will not agree to changes to contracts for the procurement of [***] that would, in KYMCO’s reasonable judgment, have a material adverse impact on LiveWire; 

(c) (i) placing orders for [***] directly to KYMCO’s Facility with, and issuing forecasts and delivery releases to, the
relevant suppliers; (ii) arranging for delivery of [***] directly to KYMCO’s Facility in timely manner; and (iii) receiving and settling all supplier invoices for [***]. 

5.3 Re-designation of Shared Production Materials. Notwithstanding anything to the contrary
herein, if KYMCO, in its sole discretion, determines that it will no longer use any Shared Production Materials in KYMCO products, then KYMCO shall use reasonable efforts to provide LiveWire with sixty (60) days’ prior notice after which
KYMCO shall have no obligations to procure such materials and LiveWire shall be required to procure such materials on its own as LiveWire Production Materials in accordance with Section 5.1. Furthermore, LiveWire may, in
its sole discretion, decide to use a separate supplier for procurement of any items included in the Shared Production Materials, in which case it shall notify KYMCO, and thereafter LiveWire shall procure such materials on its own as LiveWire
Production Materials in accordance with Section 5.1 (provided that KYMCO shall not be required to cancel any pending orders for such Shared Production Materials). 

5.4 Supplier Issues. In the event of a conflict, dispute or other issue with a third-party supplier or manufacturer in connection with
the foregoing, either Party may submit a description of such issue to the other Party and the Parties will convene within a reasonable time following receipt of such description to address such issue in good faith. 

  
 14 

 5.5 Risk of Loss; Ownership. 

(a) LiveWire Tooling and Finished Products; Removal. LiveWire shall own, and insure against and bear the risk of loss, theft and damage
of and to, all LiveWire Tooling and finished Products delivered to LiveWire in accordance with Section 2.9. To inform LiveWire’s procurement of replacement LiveWire Tooling, KYMCO will provide LiveWire reasonable
advance notice of LiveWire Tooling that is expected to wear out based on its expected life. LiveWire will be responsible for the cost of repairing or replacing the LiveWire Tooling and finished Products if they are stolen, worn out, damaged or
destroyed other than due to KYMCO’s negligence or willful misconduct. Upon termination or expiration of this Agreement, [***], at LiveWire’s reasonable cost and expense, with respect thereto. For the avoidance of doubt, LiveWire
shall reimburse KYMCO the unreimbursed amount paid for the LiveWire Production Materials and any other items paid by KYMCO that are removed from KYMCO’s Facility by LiveWire. 

(b) KYMCO Tooling; Removal. KYMCO shall own, and insure against and bear the risk of loss, theft and damage of and to, all KYMCO
Tooling. KYMCO will be responsible for the cost of repairing or replacing the KYMCO Tooling if they are stolen, worn out, damaged or destroyed other than due to LiveWire’s negligence or willful misconduct. 

(c) Production Materials and Production Assets. KYMCO shall own, and insure against and bear the risk of loss, theft and damage of and
to, all Production Materials. KYMCO shall keep safe and bear the risk of loss, theft and damage of and to all LiveWire Production Assets in the KYMCO’s Facility. Once Production Materials are incorporated into a finished Product, until such
Product is delivered in accordance with Section 2.9, such Product shall be and remain the sole property of KYMCO, and KYMCO shall insure against and bear the risk of loss, theft and damage of and to such Products. KYMCO
shall own the KYMCO Production Assets. 
 (d) Ownership of LiveWire Production Assets on Termination. LiveWire shall have the sole
ownership of all LiveWire Production Assets. Upon termination or expiration of this Agreement, [***] at LiveWire’s reasonable cost and expense, with respect thereto. 

5.6 Joint Use. The Parties agree that, in the future and upon mutual agreement, items that are LiveWire Production Materials, LiveWire
Production Assets, LiveWire Tooling may also be licensed to KYMCO for KYMCO’s use. The details of such license shall be as separately agreed to by the Parties. 

5.7 Designation of Shared Tooling. Parties should discuss in good faith to determine whether any Tooling should be treated as Shared
Tooling and, upon Parties’ mutual agreement, should designate such Tooling as Shared Tooling in writing or other methods as can be proven through other evidence. Upon and after the designation of any Shared Tooling, Clause 3.1(2)(c) and Clause
3.1(4)(b) of the Long Term Collaboration Agreement shall apply, mutatis mutandis, to the Shared Tooling. 

  
 15 

 ARTICLE 6 

RECALLS 
 6.1 Recall by
KYMCO. In the event of a Product recall, quality action or field campaign (“Recall”) initiated by KYMCO, LiveWire will cooperate fully with KYMCO with respect to such Recall, and will perform all acts reasonably requested by
KYMCO with respect to such Recall. LiveWire will consult with KYMCO regarding the content of any public statements regarding the Recall. 

6.2 Recall by LiveWire. In the event of a Recall initiated by LiveWire, KYMCO will cooperate fully with LiveWire with respect to such
Recall, and will perform all acts reasonably requested by LiveWire with respect to such Recall. KYMCO will consult with LiveWire regarding the content of any public statements regarding the Recall. 

6.3 Cost of Recall. If a Recall is initiated due to a defect in workmanship or a non-conformity
to the Specifications of a Product and later determined to be due to a breach of KYMCO’s Section 4.1 warranty obligations even after the expiration of the Warranty Period, (i) in the event where such non-conforming Products have already been sold and delivered to any third-party by LiveWire LiveWire will either repair or replace, at its sole option, the non-conforming
Products for such third-party, and KYMCO will reimburse LiveWire for any costs (including any shipping or delivery costs in connection with a repair or replacement) reasonably incurred relating to such repair or replacement; and (ii) other than
the circumstances described in the preceding Section 6.3(i), each Party will use commercially reasonable efforts to cooperate with the other Party and to take any actions reasonably requested by the other Party with respect
to the remediation of any such non-conforming Products at KYMCO’s cost (including any shipping or delivery costs in connection with a repair or replacement), and will be responsible for the following out-of-pocket expenses incurred by LiveWire or by KYMCO as a result of such Recall (directly or through LiveWire’s warranty reimbursements to its dealers and
distributors) to correct the defective Product: diagnosis, removal, round-trip shipping, installation, testing, and [***]. The Parties agree that, should there be any disputes regarding the compensation amount, the Parties shall first offer
an opportunity to resolve such dispute through amicable discussion between the Parties. If a Recall is initiated for any other reason (“LiveWire’s Recall Obligations”), LiveWire will be responsible for all
expenses incurred by KYMCO as a result of such Recall, and compensate all damages and losses suffered by KYMCO as a result of such Recall. If a Recall is initiated both because of a breach of KYMCO’s warranty obligations and because of
LiveWire’s Recall Obligations, then each Party shall be responsible for a pro rata share of the total expenses incurred in connection with such Recall in proportion to each Party’s respective responsibility for the circumstances giving
rise to the Recall as determined in good faith by the Parties. 
 6.4 Notice. Prior to a Party notifying the government or any
regulatory authority of its final determination that a Recall involving one or more Products will be conducted, the Party agrees to deliver written notice to the other Party that a Recall is being considered and to allow the other Party a reasonable
opportunity to review the relevant data and offer comments on the possible Recall. During this period, the Parties shall also discuss and determine how the Recall will be handled. However, each Party will decide, in its sole discretion, when to
conduct a Recall and the scope of any such Recall. 

  
 16 

 ARTICLE 7 

TECHNICAL DOCUMENTS; INTELLECTUAL PROPERTY RIGHTS 

7.1 LiveWire hereby grants to KYMCO, or undertakes to ensure that KYMCO is granted, as the case may be, a
non-exclusive, non-transferable right to use all patents, technical information and other forms of intellectual property rights associated with the Products for the
purposes of fulfilling its obligations under this Agreement. LiveWire shall from time to time furnish to KYMCO all sub-assembly drawings, specifications, the build book, quality standards and other documentary
information (collectively, the “Technical Manufacturing Documents”) which are necessary to provide the service of manufacturing Products pursuant to the terms of this Agreement. As between LiveWire and KYMCO, (i) LiveWire shall
own and have full responsibility for the design of Products, including all Technical Manufacturing Documents and (ii) KYMCO shall own and have full responsibility for KYMCO’s manufacturing processes and standard work instructions. 

7.2 If (i) any Intellectual Property relating to EV Manufacturing Processes is jointly invented by personnel of each of the Parties or
(ii) any Improvements to a Party’s Intellectual Property is developed by personnel of the other Party on an ad hoc basis in connection with the manufacturing of Products by KYMCO in accordance with this Agreement (other than Intellectual
Property developed pursuant to formal projects under any joint development agreement or other similar agreements separately agreed by Parties), the ownership and licensing of such Intellectual Property or such Improvement shall be the joint property
and jointly and severally owned by each of KYMCO and LiveWire. 
 7.3 KYMCO shall install and maintain at all times during the Term of this
Agreement adequate “firewalls” arrangements with regard to the Technical Manufacturing Documents no less robust than those that have been put in place in other projects for any third-party other than LiveWire and shall use commercially
reasonable efforts to ensure that engineers employed or engaged by KYMCO working, full-time or part-time, on projects with LiveWire shall not disclose the Technical Manufacturing Documents to any third party, including any other personnel of KYMCO
(other than KYMCO personnel involved in LiveWire-KYMCO collaborative projects, in connection with such collaborative projects). Notwithstanding the foregoing, there shall be no limitation under any firewalls on KYMCO and its Affiliates’ usage
of any Intellectual Property owned by KYMCO or its Affiliates or any general industry knowledge or from working on KYMCO branded projects. 

7.4 KYMCO shall have engineers employed or engaged by KYMCO working, full-time or part-time, on the manufacturing processes or other actions
taken by KYMCO in its provision of manufacturing services to execute a non-compete agreement that would prohibit them from working with any other motorcycle OEM for a duration of twelve (12) months after
the termination of such engineer’s employment with KYMCO. 
 ARTICLE 8 

CONFIDENTIALITY 
 8.1
Confidentiality. Each of the Parties agrees that any Confidential Information of the other Party received in the course of performance under this Agreement shall be kept strictly confidential by the Parties, except that KYMCO may disclose
LiveWire’s Confidential Information for the sole purpose of providing services pursuant to this Agreement to any Affiliate of KYMCO or to third parties that provide such services in accordance with the terms of this Agreement; provided, that
KYMCO shall ensure that any such Affiliate or third party is bound by obligations of confidentiality at least as strict as those contained herein. KYMCO shall be responsible for any such Affiliate or third party keeping confidential such
Confidential Information of LiveWire. The Party receiving Confidential Information further agrees (i) not to use the disclosing Party’s Confidential Information except as necessary to perform its

  
 17 

 
obligations under this Agreement, and (ii) to take the same care with the disclosing Party’s Confidential Information as it does with its own, but in no event less than a reasonable
degree of care. Upon the termination or expiration of this Agreement, each Party shall return to the other Party or destroy all of such other Party’s Confidential Information. Each of the Parties shall treat the terms of this Agreement as if
they were the Confidential Information of the other Party and shall not disclose the terms of this Agreement without the other Party’s prior written consent, except as required by applicable law, by the rules of any national stock exchange with
respect to a Party’s publicly-traded securities or as otherwise permitted under this Agreement. Unless otherwise expressly provided herein, the provisions under Appendix 1 of the Long Term Collaboration Agreement shall apply. 

8.2 Government Order. If the receiving Party is requested to disclose any of the disclosing Party’s Confidential Information
pursuant to any judicial or governmental order, the receiving Party, if legally permissible, will promptly notify the disclosing Party of such order so that the disclosing Party, in its sole discretion, may seek an appropriate protective order
and/or take any other action to prevent or minimize the breadth of such disclosure. 
 8.3 Data Privacy and Security. Because the
services under the Agreement may require KYMCO to receive, store, transmit or manage data related to the business of LiveWire, or Personal Information of or relating to its employees, customers, manufacturers or contractors (collectively,
“LiveWire Data”), or to otherwise access LiveWire’s systems, KYMCO shall comply with the provisions of Exhibit B and otherwise ensure appropriate protection and handling of LiveWire Data. Because the services
under the Agreement also may require LiveWire to receive, store, transmit or manage data related to the business of KYMCO, or Personal Information of or relating to its employees, customers, manufacturers or contractors (collectively, “KYMCO
Data”), or to otherwise access KYMCO’s systems, LiveWire shall comply with the provisions of Exhibit B and otherwise ensure appropriate protection and handling of KYMCO Data. 

ARTICLE 9 

INDEMNIFICATION 
 9.1
Indemnification by LiveWire. LiveWire shall defend, indemnify and hold KYMCO, its officers, directors, employees and agents harmless from any and all Losses suffered or incurred by KYMCO in connection with any and all third-party claims to
the extent arising from or relating to [***] but in all cases excluding claims for which KYMCO has an obligation to indemnify LiveWire pursuant to Section 9.2. 

9.2 Indemnification by KYMCO. KYMCO shall defend, indemnify and hold LiveWire, its officers, directors, employees and agents harmless
from any and all Losses suffered or incurred by LiveWire in connection with any and all third-party claims to the extent arising from or relating to [***] but in all cases excluding claims for which LiveWire has an obligation to indemnify
KYMCO pursuant to Section 9.1. 
 9.3 Indemnification Procedures. The indemnified Party agrees to:
(i) promptly notify the indemnifying Party in writing of a claim against which it is indemnified hereunder; (ii) give the indemnifying Party sole control of the defense and all related settlement negotiations (subject to the written
approval of the indemnified Party, not to be unreasonably withheld, for any settlements that do not unconditionally release the indemnified Party or that materially affect the terms of the Agreement); and (iii) provide the indemnifying Party,
at the indemnifying Party’s expense, with the assistance, information, and authority reasonably necessary to perform the above. The indemnified Party may also participate in the defense of a claim at its option and its own expense. 

  
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 ARTICLE 10 

LIMITATION OF LIABILITY 
 notwithstanding
anything in this agreement to the contrary, except for liability arising from a party’s [***] to the fullest extent permitted under applicable law, neither kymco nor livewire shall be liable under this agreement to the other for any
consequential, special, indirect, or incidental damages arising in connection with the transactions contemplated hereby. even in circumstances where the exceptions apply, in no circumstances shall damages, liabilities or losses for purposes of
exceptions include losses of a party’s shareholders. 
 ARTICLE 11 

FORCE MAJEURE 
 In case a Party shall be
hindered, delayed or prevented from performing its obligations under this Agreement (other than its payment obligation), or if such performance is rendered impossible by reason of fire, explosion, earthquake, storm, flood, drought, embargo,
pandemic, epidemic, quarantine, lock-down order, wars or other hostilities, strike, lockout or other labor disturbance, mechanical breakdown, governmental action, or any other event that is beyond the reasonable control of, and not caused by, a
Party (a “Force Majeure Event”), then the Party so hindered, delayed or prevented shall not be liable to the other Party for the resulting delay or failure to carry out its obligations hereunder. In any such event, such Party’s
affected obligations hereunder shall be postponed for such time as its performance is suspended or delayed on account thereof. The affected Party will promptly notify the other Party, either orally or in writing, upon learning of the occurrence of
such Force Majeure Event. If the Force Majeure Event affects the provision of services by KYMCO hereunder, KYMCO shall use commercially reasonable efforts to remove such Force Majeure Event as soon as and to the extent reasonably possible and, in
any event, will treat LiveWire the same as any other internal or external recipient of the affected services, if any. Upon the cessation of the Force Majeure Event, the affected Party will use commercially reasonable efforts to resume its
performance with the least possible delay. 
 ARTICLE 12 

OPERATIONAL MATTERS 
 12.1
Meetings. The Parties will meet either physically, telephonically or virtually as is acceptable to the Parties, as follows: 
 (a)
General. Where each Party deemed necessary, such Party may provide to the other a two (2) day prior written notice for the Parties to meet and discuss the issues at hand. In the event that an urgent issue or matter arises that requires
prompt action by the parties, either Party may promptly arrange for a meeting for the purpose of resolving such issue or matter. 

  
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 (b) Quarterly Product Price Review. Within two (2) weeks following the issuance
of each Quarterly True-Up Report, the Parties will meet to review the Product Prices and discuss in good faith any modifications to the Product Prices or the methodology for their determination. Such
discussions may include a review of the Parties’ respective cost allocations, and notwithstanding anything to the contrary in Section 1.1(a) and Section 3.2, as part of any such review, the
Parties will discuss in good faith any modifications to cost allocations, including modifications resulting from either Party deleveraging. The Parties may mutually agree on changes thereto, including any changes to increase or decrease Product
Prices or with respect to particular Products, and when such change in Product Price shall take effect. In the event the Parties are unable to mutually agree on such changes within the applicable seven (7) day period following the first meeting
of the Parties in each aforementioned period the Product Prices and/or methodology will remain unchanged. 
 (c) Annual Volume Commitment
and Order Requirement Review. Within the three (3) week period prior to each anniversary of the Effective Date, the Parties will meet to review the Minimum Annual Volume Commitment for each Product, and the permitted deviation between the
Minimum Annual Volume Commitment and Forecasts, and discuss in good faith any modifications thereto. The Parties may mutually agree on changes to the Minimum Annual Volume Commitment for any Product and such changes will be effective from the date
six (6) months following such mutual agreement or from any other date as mutually accepted by the Parties. In the event the Parties are unable to mutually agree on such changes within such three (3) week period, the Parties will refer the
disagreement for resolution to Section 12.2. 
 12.2 Disputes. The Parties’ shared objective is to
resolve all disputes that may arise between them arising from or in relation to this agreement as amicably and efficiently as possible, and neither Party will unreasonably delay the resolution of a dispute. Within fourteen (14) days after a
written notice of a dispute, LiveWire and KYMCO personnel who are senior (when possible) to the people with responsibility for administering this Agreement and who have the authority to resolve the dispute will meet either on the telephone or face
to face, at a mutually agreeable time and location and attempt in good faith to resolve the dispute. If the Parties fails to reach agreement on a satisfactory resolution of the disputes within thirty (30) days of the date of referral of the
relevant dispute, either Party may pursue remedies in accordance with Section 14.6. 
 ARTICLE 13 

TERM AND TERMINATION 
 13.1
Term. Unless earlier terminated pursuant to the terms and conditions of this Agreement, this Agreement shall commence on the completion date of LiveWire’s combination with a special purpose acquisition company and the commencement date
of public trading of LiveWire’s shares (“Effective Date”) and shall remain in force for ten (10) years (“Initial Term”); provided, however, with respect to any Covered Product, the Initial Term applicable
to the manufacturing of Covered Products shall not expire until the five (5) year exclusive manufacturing period for the Covered Product expires. Following the end of the Initial Term (or, with respect to Covered Products, the end of the five
(5) year exclusive manufacturing period for Covered Products), this Agreement shall automatically renew for successive five (5) year periods (each, a “Renewal Term”), subject to termination in accordance with
Section 13.2 or Section 13.3. The Initial Term, together with the Renewal Terms, are collectively referred to hereunder as the “Term”. 

  
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 13.2 Termination by Either Party. 

(a) If either Party fails to perform any of its material duties or obligations pursuant to this Agreement and such breach is not cured within
thirty (30) days, in the event such breach involves the payment of money, or within ninety (90) days, with respect to any other breach, after notice to such Party specifying the nature of such failure, the other Party may terminate this
Agreement in its entirety, or with respect to any or all of the services provided to the defaulting Party, upon further notice to the defaulting Party. Either Party may terminate this Agreement immediately upon the occurrence of any of the following
events: the other Party (i) is prevented from performing its obligations by reason of a Force Majeure Event for a period of six (6) months or more; (ii) becomes insolvent; (iii) enters bankruptcy, receivership, liquidation,
composition of creditors, dissolution or similar proceeding; or (iv) undergoes a Change of Control Event. In the event that KYMCO terminates this Agreement upon a Change of Control Event of LiveWire, except that LiveWire is Controlled by
[***] after the relevant Change of Control Event, LiveWire shall have a period of up to [***] following such termination to transition the manufacturing services provided hereunder to itself or a third party. KYMCO shall continue to
perform any manufacturing services requested by LiveWire with respect to the Products during such period subject to the terms and conditions of this Agreement. 

(b) Either Party will have the right to terminate this Agreement, with respect to one, several or all Products included in the Covered
Products, by providing written notice of termination to the other Party on or after the date that the exclusive manufacturing period for such Covered Products expires, which termination will be effective [***] following delivery of such
notice. In the event that LiveWire terminates this Agreement pursuant to this Section 13.2(b), (i) if the applicable termination occurs during the Initial Term for the relevant Product(s), LiveWire shall be liable for any
Termination Charges related to the terminated Product(s); provided that, (1) KYMCO shall attempt to minimize and mitigate any Termination Charges; (2) subject to Section 5.5(d), KYMCO shall make available to LiveWire all assets the
cost of which are included in the Termination Charges (e.g., materials, work-in-progress and finished goods, machinery and equipment, including related tooling, jigs,
dies, gauges, fixtures, molds, patterns and other accessories), and LiveWire shall bear all removal and logistics costs therefor; (3) KYMCO shall attempt, to the extent practicable in KYMCO’s reasonable business judgment, to repurpose or
redeploy, including for other Covered Products, any assets the cost of which would be included in the Termination Charges and any such assets that are repurposed or redeployed will be excluded from the Termination Charges, provided that any costs
incurred by KYMCO in connection with such repurposing or redeployment shall be included in the Termination Charges; and (4) at LiveWire’s request, KYMCO shall, to the extent practicable in KYMCO’s reasonable business judgment, assign
to LiveWire, in whole or in part, those third-party contracts for the procurement of materials, goods, and services required for the manufacture of Products hereunder, for which Termination Charges would otherwise have been payable; and
(ii) KYMCO may adjust in its reasonable discretion the fee for the non-terminated Products if KYMCO reasonably determines that the termination of the supply of the relevant Product(s) will increase the
cost of production of the non-terminated Products. 
 Should LiveWire decide to terminate this Agreement during a
Renewal Term, LiveWire shall compensate KYMCO, without duplication, with respect to the relevant Product, all expenditures, accruals or cost allocations arising from, relating to or incurred in connection with KYMCO’s end of production of such
Product during such a Renewal Term for such Product, including all those relating to: (i) the termination or cancellation of procurement of materials, goods and services, including supplier compensation payments, cancellation penalties,
payments for obsolescence of material, work-in-progress and finished goods 

  
 21 

 
(whether sold at a loss or scrapped) or life-time buys of materials or goods from suppliers and all applicable premiums that were approved by LiveWire; (ii) the termination of employees or
contract employees, including any wages, salaries and benefits through the earlier of the end of such a Renewal Term for the relevant Product and the date the obligation to pay such wages, salary and benefits expires, severance costs (to the extent
such severance costs are consistent with KYMCO’s standard severance plan or any applicable collective bargaining agreement then in place), relocation costs, outplacement services, training costs and other termination-related payments;
(iii) any overtime charges incurred in connection with last-time buys or building of a bank of materials that were approved by LiveWire; (iv) the disposal or scrapping of materials, work-in-progress or finished goods; (v) machinery and equipment, including related tooling, jigs, dies, gauges, fixtures, molds, patterns and other accessories, whether incurred as a result of the
reconfiguration, relocation, disposal or scrapping thereof, an adjustment in the allocable share of depreciation and amortization or otherwise; (vi) any outstanding incremental capital investment made by KYMCO with respect to such Product
(including related costs of capital); (vii) the surrender or vacation of unused manufacturing space dedicated to the relevant Product, including rental and leasehold payments, an allocable share of depreciation and amortization taxes and insurance
premiums through the end of such a Renewal Term for the relevant Product; and (viii) the write-off of net book value of KYMCO Production Assets that are disposed of or destroyed in connection with the end
of production of the relevant Product, in each case, regardless of whether such cash expenditures, accruals and cost allocations are incurred or disbursed prior or after the end of production of the relevant Product, provided that to the
extent an expenditure, accrual or cost allocation, has been satisfied or paid by LiveWire in accordance the other provisions of this Agreement such amount shall be excluded from the calculation of the compensation, provided further that such
compensation shall be limited to the foregoing costs that are actually incurred by KYMCO during such a Renewal Term. 
 13.3 Termination
by LiveWire. Notwithstanding anything to the contrary herein, if the United States enacts consumer EV tax credits or similar, generally available incentive(s) to promote public EV consumption or reshore foreign manufacturing and such incentives
would result in the Products manufactured by KYMCO outside the United States becoming materially uncompetitive versus United States manufactured alternatives, (i) LiveWire will consult with KYMCO regarding the actual impact on the Parties’
manufacturing arrangements, and (ii) the Parties will in good faith mutually agree to terminate or amend this Agreement, with respect to one, several or all Products, such that the United States market would be excluded from the contract
manufacturing contemplated under this Agreement, and KYMCO will not unreasonably withhold, condition, or delay consent to a requested termination or amendment, as applicable, proposed by LiveWire. In the event that Parties terminates or amends this
Agreement pursuant to this Section 13.3(ii), the Parties will in good faith discuss and mutually agree an alternate collaboration or manufacturing opportunity with an economic value equivalent to the shortfall in economic
value as a result of KYMCO’s loss of the manufacturing exclusivity for Covered Products in the United States. Notwithstanding the foregoing, if KYMCO has established, in the United States, facilities, manufacturing, test equipment and labor
which derives the benefit of the associated EV tax credit and is able to manufacture the applicable Covered Products pursuant to the terms of this Agreement, (x) LiveWire will not have the right to exercise the rights under this
Section 13.3(ii) and (y) the Parties will revise Exhibit A to reflect the change to Actual Cost. 

13.4 Other Rights. The provisions of this Article are without prejudice to any other rights or remedies either Party may have by reason
of the default of the other Party. Nothing herein shall relieve any Party from any obligations (including those under any accepted Order) or liabilities that incurred prior to the termination of this Agreement. 

  
 22 

 13.5 Survival. Notwithstanding the foregoing, the provisions of ARTICLE 1,
Section 3.1, Section 3.2, Section 3.3, ARTICLE 4, Section 5.5(d), ARTICLE 6, ARTICLE 8, ARTICLE 9, ARTICLE 10,
Section 13.4, Section 13.5 and ARTICLE 14 shall survive the expiration or termination of this Agreement by any reason whatsoever. 

13.6 Transition and Further Assurances. In the event of a termination for LiveWire’s Change of Control Event under
Section 13.2, KYMCO will discuss with LiveWire in good faith, to the extent applicable, an equitable adjustment to the Minimum Annual Volume Commitment for the year in which KYMCO gave LiveWire notice of such termination.
Upon termination of this Agreement, KYMCO shall make available to LiveWire any Technical Manufacturing Documents or written Specifications and Tooling owned by LiveWire that are in KYMCO’s possession or control. Upon termination of this
Agreement, KYMCO shall use commercially reasonable efforts to assist, at LiveWire’s cost, with LiveWire’s transition of the manufacture of Products to LiveWire or its designee, it being understood and agreed that KYMCO shall not be
required under any circumstances to provide or disclose KYMCO’s proprietary manufacturing processes or know-how to LiveWire or any other Person. 

ARTICLE 14 
 GENERAL
PROVISIONS 
 14.1 Assignment; Successors and Assigns. Neither Party shall assign or transfer this Agreement, in whole or part,
without the other Party’s prior written consent. Notwithstanding the foregoing, LiveWire may (i) assign this Agreement, in whole or in part, to any of its Affiliates, or (ii) assign or otherwise transfer this Agreement, in whole but
not in part, to the surviving entity after the proposed business combination between LiveWire and AEA-Bridges Impact Corp.; provided that, in each of the above cases, such transferee, assignee or successor
agrees in writing to be bound by the terms of this Agreement. Any attempted or purported assignment or transfer in violation of the preceding shall be null and void and of no effect whatsoever. Subject to the foregoing, this Agreement shall be
binding upon and shall inure to the benefit of the Parties and their respective successors and permitted assigns. 
 14.2 Modification or
Amendments. Subject to the provisions of applicable law, and except as otherwise provided in this Agreement, this Agreement may be amended, modified or supplemented only by written instrument signed by the authorized representative of the
Party against whom it sought to enforce such waiver, amendment, supplement or modification is sought to be enforced. 
 14.3 Waivers of
Default. Waiver by a Party of any default by the other Party of any provision of this Agreement shall not be deemed a waiver by the waiving Party of any subsequent or other default, nor shall it prejudice the rights of the other Party. No
failure or delay by a Party in exercising any right, power or privilege under this Agreement shall operate as a waiver thereof nor shall a single or partial exercise thereof prejudice any other or further exercise thereof or the exercise of any
other right, power or privilege. 
 14.4 Counterparts. This Agreement may be executed in one or more counterparts, and by the
different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. The exchange of a fully executed Agreement (in counterparts
or otherwise) by facsimile or by electronic delivery in .pdf format shall be sufficient to bind the Parties to the terms and conditions of this Agreement. 

  
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 14.5 Governing Law. This Agreement (and any claims or disputes arising out of
or related hereto or to the transactions contemplated hereby or to the inducement of either Party to enter herein, whether for breach of contract, tortious conduct or otherwise and whether predicated on common law, statute or otherwise) shall be
governed by and construed and interpreted in accordance with the laws of the State of Delaware, irrespective of the choice of laws principles of the State of Delaware, including all matters of validity, construction, effect, enforceability,
performance and remedies. 
 14.6 Consent to Jurisdiction. This Agreement, together with any Action, dispute, remedy or other
proceeding arising from or relating to this Agreement or the transactions contemplated hereby or any relief or remedies sought by any Parties hereto (whether in contract, tort or statute), and the rights and obligations of the Parties hereunder,
shall be governed by and construed in accordance with the laws of the State of Delaware for contracts made and to be fully performed in such state, without giving effect to any conflicts of laws rules, principles or regulations that would require
the application of the laws of another jurisdiction. The state and federal courts located within the State of Delaware (the “Chosen Courts”) shall have exclusive jurisdiction over any and all disputes between the Parties hereto,
whether in law or in equity, arising out of or relating to this Agreement and the agreements, instruments and documents contemplated hereby and the Parties hereto consent to and agree to subject to the exclusive jurisdiction of such Chosen Courts.

 14.7 WAIVER OF JURY TRIAL. THE PARTIES HEREBY WAIVE TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, AND SHALL NOT ASSERT IN ANY
SUCH DISPUTE, ANY CLAIM THAT: (A) SUCH PARTY IS NOT PERSONALLY SUBJECT TO THE JURISDICTION OF SUCH COURTS; (B) SUCH PARTY AND SUCH PARTY’S PROPERTY IS IMMUNE FROM ANY LEGAL PROCESS ISSUED BY SUCH COURTS; OR (C) ANY ACTION OR
OTHER PROCEEDING COMMENCED IN SUCH COURTS IS BROUGHT IN AN INCONVENIENT FORUM. THE MAILING OF PROCESS OF OTHER PAPERS IN CONNECTION WITH ANY SUCH ACTION OR PROCEEDING IN THE MANNER PROVIDED IN SECTION 14.8 (OR IN SUCH OTHER MANNER AS MAY BE
PERMITTED BY LAW) SHALL BE VALID AND SUFFICIENT SERVICE THEREOF AND HEREBY WAIVE ANY OBJECTIONS TO SERVICE ACCOMPLISHED IN THE MANNER PROVIDED HEREIN. THE PARTIES HEREBY IRREVOCABLY WAIVE ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR
COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 14.8 Notices. Any notice,
request, instruction or other document to be given hereunder by either Party to the other shall be in writing and delivered personally or sent by registered or certified mail, postage prepaid or by prepaid overnight courier (providing written proof
of delivery), or by confirmed facsimile transmission or electronic mail (with confirmed receipt), addressed as follows: 

  
 24 

 If to KYMCO, to: 

Kwang Yang Motor Co., Ltd. 

No.35, Wanxing St., Sanmin Dist., Kaohsiung City, Taiwan (R.O.C.) 

Attention: HSIA,TSUNG-LIANG (夏宗良), General Manager 

Email: ky3564@mail.kymco.com 

if to LiveWire, to: 

LiveWire EV, LLC 

3700 West Juneau Avenue 

Milwaukee, Wisconsin, 53208 

Attention: General Counsel 

Email: H-DGeneralCounsel@harley-davidson.com 

or to such other persons or addresses as may be designated in writing by the Party to receive such notice as provided above. 

14.9 Entire Agreement. This Agreement, the Orders and the exhibits, annexes and schedules hereto and thereto contain the entire
agreement between the Parties with respect to the subject matter hereof, supersede all previous agreements, negotiations, discussions, writings, understandings, commitments and conversations with respect to such subject matter and there are no
agreements or understandings between the Parties with respect to such subject matter other than those set forth or referred to herein. Any terms submitted by LiveWire, including on any document or form submitted by LiveWire which are in addition to
or inconsistent with those set forth herein, are hereby expressly rejected by KYMCO and shall not apply to LiveWire’s purchase of Products from KYMCO unless agreed to in writing signed by both Parties. In the event of any inconsistency or
conflict between or among the provisions of this Agreement and any Order, the inconsistency shall be resolved by giving precedence to this Agreement. 

14.10 No Third-Party Beneficiaries. The provisions of this Agreement are solely for the benefit of the Parties and are not intended to
confer upon any Person (including any shareholders of KYMCO or shareholders of LiveWire) except the Parties hereto any rights or remedies hereunder. There are no third-party beneficiaries of this Agreement, and this Agreement shall not provide any
third Person (including any shareholders of KYMCO or shareholders of LiveWire) with any remedy, claim, reimbursement, claim of action or other right in excess of those existing without reference to this Agreement. 

14.11 Severability. The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision
shall not affect the validity or enforceability or the other provisions hereof. If any provision of this Agreement, or the application thereof to any Person or any circumstance, is invalid or unenforceable, (a) a suitable and equitable
provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision and (b) the remainder of this Agreement and the application of such
provision to other Persons or circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of such provision, or the application thereof, in any other
jurisdiction. 

  
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 14.12 Interpretation. The headings herein are for convenience of reference only, do
not constitute part of this Agreement and shall not be deemed to limit or otherwise affect any of the provisions hereof. Where a reference in this Agreement is made to an Article, Section, Schedule, Exhibit or Annex, such reference shall be to an
Article of, Section of, Schedule to, Exhibit to or Annex to this Agreement unless otherwise indicated. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be
followed by the words “without limitation.” For purposes of this Agreement, whenever the context requires the singular number shall include the plural, and vice versa. All references in this Agreement to “$” are intended to refer
to United States dollars. Any reference to a particular law means such law as amended, modified or supplemented (including all rules and regulations promulgated thereunder) and, unless otherwise provided, as in effect from time to time. 

14.13 Expenses. Except as otherwise expressly provided herein, each Party shall pay its own expenses incident to this Agreement and the
transactions contemplated herein. 
 14.14 No Set-Off. The obligations under this Agreement
shall not be subject to set-off for non-performance or any monetary or non-monetary claim by any Party or any of their respective
Affiliates under any other agreement between the Parties or any of their respective Affiliates. 
 14.15 Construction. This Agreement
shall be construed as if jointly drafted by the Parties and no rule of construction or strict interpretation shall be applied against either Party. The Parties represent that this Agreement is entered into with full consideration of any and all
rights which the Parties may have. The Parties have conducted such investigations they thought appropriate, and have consulted with such advisors as they deemed appropriate regarding this Agreement and their rights and asserted rights in connection
therewith. The Parties are not relying upon any representations or statements made by the other Party, or such other Party’s employees, agents, representatives or attorneys, regarding this Agreement, except to the extent such representations
are expressly set forth or incorporated in this Agreement. The Parties are not relying upon a legal duty, if one exists, on the part of the other Party (or such other Party’s employees, agents, representatives or attorneys) to disclose any
information in connection with the execution of this Agreement or their preparation, it being expressly understood that neither Party shall ever assert any failure to disclose information on the part of the other Party as a ground for challenging
this Agreement. 
 14.16 Relationship of the Parties. The relationship of the Parties to one another is that of independent
contractors and no Party nor its agents or employees shall be considered employees or agents of another Party, unless specifically provided otherwise herein. This Agreement does not constitute and shall not be construed as constituting a partnership
or joint venture or grant of a franchise between KYMCO and LiveWire. Neither Party shall have the right to bind the other Party to any obligations to third parties, unless specifically provided otherwise herein. 

14.17 Compliance with Laws. Each Party shall comply, at its own expense, with the provisions of all laws applicable to the performance
of its obligations under this Agreement. 

  
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 14.18 Other Agreements. Except as expressly set forth herein, this Agreement is not
intended to address, and should not be interpreted to address, the matters specifically and expressly covered by the Long Term Collaboration Agreement or the other Ancillary Agreements. 

[Signature pages follow] 

  
 27 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed by
their respective authorized officers as of the Signing Date. 
  

			
	Kwang Yang Motor Co., Ltd.
		
	By:	 	 /s/ KO, CHUN-PING

	Name:	 	KO, CHUN-PING
	Title:	 	Chief Executive Officer (CEO)

 [Signature page to the Contract Manufacturing Agreement] 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed by
their respective authorized officers as of the Signing Date. 
  

			
	LiveWire EV, LLC
		
	By:	 	 /s/ Ryan Morrissey

	Name: Ryan Morrissey
	Title: CEVO

 [Signature page to the Contract Manufacturing Agreement] 

 EXHIBIT A 

COVERED PRODUCTS 

Slayer Platform Products 
  

													
	[***]	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
		 		 		 		 		 	[***]	 	
		 		 		 		 		 	[***]	 	
		 		 		 		 		 	[***]	 	

  
 1 

 EXHIBIT B 

DATA PRIVACY AND SECURITY 

1.1 Compliance with Consumer Protection, Security and Privacy Laws. In connection with this Agreement, KYMCO may have access to Personal
Information or LiveWire Data, and likewise, LiveWire may have access to Personal Information or KYMCO Data. In that event, KYMCO and LiveWire will enter into a written agreement in order to determine and specify the different aspects of the
processing of Personal Information and to allocate each Party’s specific role and responsibilities related to such processing (“Data Processing Agreement”). Furthermore, KYMCO and LiveWire represent and warrant that at all
times during and after the Term of the Agreement, with regard to the processing of Personal Information described in such Data Processing Agreement, each will: 

(a) comply, at each Party’s own expense, with all applicable local, state, federal, and international privacy, confidentiality, consumer
protection, advertising, electronic mail, data security, data destruction, and other similar laws, rules, regulations, and industry best practices, whether in effect now or in the future (all of the foregoing will be collectively referred to as the
“Privacy and Security Requirements”). Each Party acknowledges that it alone is responsible for identifying, understanding, and complying with its obligations under the Privacy and Security Requirements as they apply to its
performance of this Agreement and possession of the Personal Information and the other Party’s Data; 
 (b) use, handle, collect,
maintain, safeguard, and destroy Personal Information and the other Party’s Data solely as permitted under this Agreement and in accordance with all Privacy and Security Requirements; and, in particular; 

(c) maintain and enforce administrative, technical, and physical security procedures designed to ensure the confidentiality, integrity, and
availability of Personal Information and the other Party’s Data that are (i) at least equal to those required by all relevant Privacy and Security Requirements, and, to the extent not inconsistent with the foregoing, (ii) in
accordance with industry best practices for services of this kind; 
 (d) not transmit or make available any Personal Information to any
entity or individual outside the respective country where each Party is located (as informed in this Agreement), except that each Party may transmit or make available the Personal Information and the other’s Data back to the United States or
Taiwan or other country where each Party’s facility using the other Party’s services is located; and 
 (e) not sell, transfer,
disclose to any unauthorized Person, or use the Personal Information or the other Party’s Data received in connection with this Agreement except, to the extent applicable: (i) to provide the services under this Agreement; (ii) to
cooperate with law enforcement investigations, to comply with legally executed subpoenas, or as specifically required by law (provided the other Party is notified immediately of any such request, unless expressly precluded from providing such notice
by the applicable process); or (iii) for those other uses, if any, expressly authorized by the other Party in writing. 

  
 1 

 The foregoing requirements are in addition to any other confidentiality and security obligations under the
Agreement, including without limitation the Confidentiality Agreement. Nothing contained in this paragraph will be construed as granting Supplier any ownership interest in the Personal Information. Except in accordance with a Data Processing
Agreement or otherwise pursuant to explicit written agreement between the Parties, under no circumstances will either Party transmit Personal Information to the other. 

1.2 Due Diligence; Assistance in Compliance. On written request from LiveWire, KYMCO will provide reasonable documentation, including
summaries of any applicable third-party audits, substantiating KYMCO’s compliance with the Privacy and Security Requirements and sufficient to satisfy any due diligence obligations imposed on LiveWire under any of the Privacy and Security
Requirements. At no charge to LiveWire, KYMCO will cooperate with LiveWire and any regulator or other governmental entity having jurisdiction over LiveWire or the Personal Information or LiveWire Data relating to KYMCO’s performance of this
Agreement and possession and use of the Personal Information and LiveWire Data. 
 1.3 Due Diligence; Assistance in Compliance. On
written request from KYMCO, LiveWire will provide reasonable documentation, including summaries of any applicable third-party audits, substantiating LiveWire’s compliance with the Privacy and Security Requirements and sufficient to satisfy any
due diligence obligations imposed on KYMCO under any of the Privacy and Security Requirements. At no charge to KYMCO, LiveWire will cooperate with KYMCO and any regulator or other governmental entity having jurisdiction over KYMCO or the Personal
Information or KYMCO Data relating to LiveWire’s performance of this Agreement and possession and use of the Personal Information and KYMCO Data. 

1.4 Actual or Potential Breach; Cooperation; Notification. KYMCO will immediately notify LiveWire of any actual or suspected breach of
confidentiality, privacy or security with regard to LiveWire Personal Information or LiveWire Data. At no additional cost, KYMCO will fully cooperate with LiveWire in investigating the breach, including, but not limited to, the provision of system,
application, and access logs, conducting forensics reviews of relevant systems, imaging relevant media, and making personnel available for interview. On notice of any actual or suspected breach, KYMCO will immediately institute appropriate controls
to maintain and preserve all electronic evidence relating to the breach in accordance with industry best practices. In the event any breach of security or confidentiality by KYMCO or its agents requires notification to an individual under any
Privacy and Security Requirements, LiveWire will have sole control over the timing, content, and method of notification and KYMCO will promptly reimburse LiveWire for all costs and expenses incurred as a result of the breach, including but not
limited to, notice, print and mailing costs, and the costs of obtaining credit monitoring services and identity theft insurance for the individuals whose Personal Information was or may have been compromised. 

  
 2 

 1.5 Actual or Potential Breach; Cooperation; Notification. LiveWire will immediately
notify KYMCO of any actual or suspected breach of confidentiality, privacy or security with regard to KYMCO Personal Information or KYMCO Data. At no additional cost, LiveWire will fully cooperate with KYMCO in investigating the breach, including,
but not limited to, the provision of system, application, and access logs, conducting forensics reviews of relevant systems, imaging relevant media, and making personnel available for interview. On notice of any actual or suspected breach, LiveWire
will immediately institute appropriate controls to maintain and preserve all electronic evidence relating to the breach in accordance with industry best practices. In the event any breach of security or confidentiality by LiveWire or its agents
requires notification to an individual under any Privacy and Security Requirements, KYMCO will have sole control over the timing, content, and method of notification and LiveWire will promptly reimburse KYMCO for all costs and expenses incurred as a
result of the breach, including but not limited to, notice, print and mailing costs, and the costs of obtaining credit monitoring services and identity theft insurance for the individuals whose Personal Information was or may have been compromised.

  
 3

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