First Amendment to Supply Agreement
[Certain confidential portions of this exhibit have been redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K and marked with asterisks. The omitted information is (i) not material and (ii) would likely cause us competitive harm if publicly disclosed.]
CONFIDENTIAL
First
Amendment to Supply Agreement
This First Amendment to the Supply Agreement between Supplier and Sonova (“Amendment”) is dated effective as of the date fully executed by both Parties (“Effective Date”),
and is entered into by and
between
Sonova AG, Xxxxxxxxxxxxxxxxx 00, 0000 Xxxxx, Xxxxxxxxxxx (“Sonova”),
and
NVE Corporation, 00000 Xxxxxx Xxxx Xxxx, Xxxx Xxxxxxx, XX 00000, XXX (“Supplier”).
Sonova and the Supplier entered into a Supply Agreement between dated effective
13th of November 2015 (the “Agreement”).
1. | In accordance with clause
18.1 of the Agreement, Sonova and the Supplier agree to extend the Agreement for
5 years, i.e., until March 31st, 2025. |
2. | The pricing table in Appendix
B is replaced by the following: [**] |
3. | Pricing beyond ** shall
be ** |
4. | Except as provided in this
Amendment, all terms used in this Amendment that are not otherwise defined shall
have the respective meanings ascribed to such terms in the Agreement. |
5. | This Amendment embodies
the entire agreement between the Company and the Contractor with respect to the
amendment of the Agreement. In the event of any conflict or inconsistency between
the provisions of the Agreement and this Amendment, the provisions of this Amendment
shall prevail. |
6. | Except as specifically
modified and amended herein, all of the terms, provisions, requirements and specifications
contained in the Agreement remain in full force and effect. |
7. | This Amendment shall be
governed, interpreted and enforced in accordance with the same governing law and
jurisdiction stated in the Agreement. |
Sonova AG
/s/
[illegible] Place/Date: Stäfa, 18.02.2020 |
/s/ [illegible] Place/Date: Stäfa, 18.02.2020 |
NVE Corporation
/s/ X. Xxxxx
Place/Date: Eden Prairie / 17 Feb. 2020
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