STOCK PURCHASE AGREEMENT BY AND AMONG FORD MOTOR COMPANY, VOLVO PERSONVAGNAR HOLDING AB, MINTIME NORTH AMERICA, LLC AND GEELY SWEDEN AB FOR THE SALE AND PURCHASE OF VOLVO CAR CORPORATION AND VOLVO CARS OF NORTH AMERICA, LLC March 28, 2010Stock Purchase Agreement • May 7th, 2010 • Ford Motor Co • Motor vehicles & passenger car bodies • New York
This STOCK PURCHASE AGREEMENT (the “Stock Purchase Agreement”) is entered into as of March 28, 2010 by and among Ford Motor Company, a corporation organized under the Law of the State of Delaware (“Parent”), Volvo Personvagnar Holding AB, a corporation organized under the Law of Sweden (“Sweden Seller”), Mintime North America, LLC, a limited liability company organized under the Law of the State of Delaware (“U.S. Buyer”), and Geely Sweden AB, a corporation organized under the Law of Sweden (“Sweden Buyer,” together with U.S. Buyer “Buyers” and collectively with Parent and Sweden Seller, the “Parties”).
Amendment Dated May 5, 2010 to the Consulting Agreement between Ford Motor Company and Edsel B. Ford IIConsulting Agreement • May 7th, 2010 • Ford Motor Co • Motor vehicles & passenger car bodies
On May 5, 2010, Ford Motor Company and Edsel B. Ford II, a director of and consultant to the Company, agreed to amend Mr. Ford's January 1999 consulting agreement to provide that, effective beginning with the third calendar quarter of 2010 and for the remainder of 2010, the payment of the consulting fee of $125,000 per calendar quarter shall be paid in cash instead of in restricted shares of Company common stock. For each year thereafter that the consulting agreement remains in effect, the Company and Mr. Ford will agree prior to December 31 of each year whether the subsequent yearly fee will be paid in cash or restricted stock.
