SEC Contract Filing

Filing Date: 2019-07-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>vneex105bq2201910q.htm
<DESCRIPTION>EXHIBIT 10.5
<TEXT>
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<div><a name="s49e0832348f24ab6b1080d991ecb12bf"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.5</font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">AMENDMENT TO JOINT VENTURE AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This AMENDMENT TO JOINT VENTURE AGREEMENT (this &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Amendment</font><font style="font-family:inherit;font-size:11pt;">&#8221;) is made and entered into effective as of June&#160;28, 2019 (the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Effective Date</font><font style="font-family:inherit;font-size:11pt;">&#8221;) by and among (1) Veoneer AB, a Swedish corporation (&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Veoneer AB</font><font style="font-family:inherit;font-size:11pt;">&#8221;) and Veoneer US, Inc., a Delaware corporation (&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Veoneer US</font><font style="font-family:inherit;font-size:11pt;">&#8221; and together with Veoneer AB, the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Veoneer Parties</font><font style="font-family:inherit;font-size:11pt;">&#8221;), and (2) Nissin Kogyo Co., Ltd., a Japanese corporation (&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Nissin</font><font style="font-family:inherit;font-size:11pt;">&#8221;), Nissin Kogyo Holdings USA, Inc., an Ohio corporation (&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Nissin Holding</font><font style="font-family:inherit;font-size:11pt;">&#8221;) and Zhongshan Nissin Industry Co., Ltd., a Peoples&#8217; Republic of China company (&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">NBZ</font><font style="font-family:inherit;font-size:11pt;">&#8221; and together with Nissin and Nissin Holding, the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Nissin Parties</font><font style="font-family:inherit;font-size:11pt;">&#8221;), as an amendment to that certain Joint Venture Agreement dated March 7, 2016 by and among Autoliv ASP, Inc. (&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Autoliv ASP</font><font style="font-family:inherit;font-size:11pt;">&#8221;), Autoliv AB (&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Autoliv AB</font><font style="font-family:inherit;font-size:11pt;">&#8221;) and Autoliv Holding, Inc. (&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Autoliv Holding</font><font style="font-family:inherit;font-size:11pt;">&#8221; and together with Autoliv ASP and Autoliv AB, the&#160;&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Autoliv Parties</font><font style="font-family:inherit;font-size:11pt;">&#8221;) and the Nissin Parties, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof and in effect on the date hereof (the&#160;&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">JV Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;). Capitalized terms not defined in this Amendment shall have the meanings as assigned thereto in the JV Agreement.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">RECITALS</font></div><div style="line-height:120%;padding-left:0px;text-align:left;text-indent:0px;"><font style="text-align:left;font-family:inherit;font-size:10pt;padding-right:48px;">(A)</font><font style="font-family:inherit;font-size:11pt;">The Autoliv Parties and the Nissin Parties entered into the JV Agreement as of March&#160;7, 2016 to engage in the JV Business through the Companies;</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:left;text-indent:0px;"><font style="text-align:left;font-family:inherit;font-size:10pt;padding-right:48px;">(B)</font><font style="font-family:inherit;font-size:11pt;">The Autoliv Parties, the Veoneer Parties and the Nissin Parties entered into that certain Addendum to Joint Venture Agreement as of September 3, 2018 pursuant to which (i) Autoliv ASP assigned the JV Agreement as well as all the rights and obligations thereunder to Veoneer US and ceased to be a party thereto and (ii) each of Autoliv AB and Autoliv Holding assigned the JV Agreement as well as all the rights and obligations thereunder to Veoneer AB and ceased to be a party thereto;</font></div><div style="line-height:120%;text-align:left;font-size: