Amendment A to the AEV / Cenntro Manufacturing License Agreement DISTRIBUTION RIGHTS, TERRITORY, AND REQUIREMENTS FOR METRO 1, AEV 411 AND AEV 411XC
Exhibit 10.18
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Austin EV / Cenntro Confidential
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Feb. 22, 2019 |
Amendment A to the AEV / Cenntro Manufacturing License Agreement
DISTRIBUTION RIGHTS, TERRITORY, AND REQUIREMENTS FOR METRO 1, AEV 411 AND AEV 411XC
Austin EV may manufacture, market, distribute, sell and service final assembled Cenntro Products, Sub-Assemblies and/or parts in North America including: (a) the United States, Puerto Rico, US Virgin Islands, (b)
Canada, and (c) Mexico.
Cenntro will no longer sell the Metro 1 / AEV 411 and AEV 411XC outside of its primary manufacturing license agreement with Austin EV as amended in Attachment X. Xxxxxx EV reserves the exclusive
right to authorize, suspend or cancel, dealer agreements on behalf Austin EV, and their licensed brand affiliates, within the territories as specified above in Paragraph 7.0. Cenntro further commits not to authorize additional manufacturing licenses
in the territories as defined in 7.0
Austin EV may continue to sell the Metro 1 / AEV 411 and AEV 411 XC platforms through Direct and Indirect channels consistent with its current manufacturing license agreement.
| Cenntro Automotive Group Ltd. | ||
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By:
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/s/ Xxxxx Xxxx |
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Xxxxx Xxxx, Chairman CEO |
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| Austin EV, Inc. |
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By:
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/s/ Xxxxxxxxx Xxxxxxx
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Xxxxxxxxx Xxxxxxx, Chairman |
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By:
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/s/ Xxx Xxxxxx |
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Xxx Xxxxxx, CEO
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