Common use of ASSUMPTIONS/PRE-REQUISITES Clause in Contracts

ASSUMPTIONS/PRE-REQUISITES. 4.1 The Procurement services will be carried out according to and within Volvo Cars existing change management processes and approval levels. Volvo Cars Procurement will follow the already established functional forums, where Procurement is required for the different change management processes (i.e DRM). Decision related to supplier relocation will be approved in Volvo Cars Supplier Choice Meeting (“SCM”).The governance procedure is described in Appendix 4. 4.2 In case of supplier relocation for Polestar unique components according to chapter 3.5: under point 2, Polestar is responsible to participate in the SCM and is regarded as one of the Stakeholders and will have a voice in the SCM. 4.3 Relocation decisions for any [***] part will be based on multiple parameters such as quality, technical capability, sustainability, strategic consideration, and price. All price calculations are based on landed cost. 4.4 To adhere to Volvo Cars standards, the Volvo Cars Purchasing Terms & Conditions will be used towards the suppliers at sourcing and contract signing. Volvo Cars plants payment terms: 60 days + free delivery months and 75 days net for export/import between EU and China. Volvo Cars delivery terms: FCA. 4.5 “Arm’s length principle” will be applied, meaning that information shared with Polestar about for instance Volvo Cars supplier strategies and agreements will be based on ‘‘need- to-know” basis only. Volvo Cars will not share benchmark data without the consent of the Supplier. 4.6 Volvo Cars Procurement functions may work in their normal line organisation while providing this service to Polestar and may work with other projects in parallel.

ASSUMPTIONS/PRE-REQUISITES. 4.1 The Procurement services will be carried out according to and within Volvo Cars existing change management processes and approval levels. Volvo Cars Procurement will follow the already established functional forums, where Procurement is required for the different change management processes (i.e DRM). Decision related to supplier relocation will be approved in Volvo Cars Supplier Choice Meeting (“SCM”).The governance procedure is described in Appendix 4. 4.2 In case of supplier relocation for Polestar unique components according to chapter 3.5: 3.5 under point 2, Polestar is responsible to participate in the SCM and is regarded as one of the Stakeholders and will have a voice in the SCM. 4.3 Relocation decisions for any [***] part will be based on multiple parameters such as quality, technical capability, sustainability, strategic consideration, and price. All price calculations are based on landed cost. 4.4 To adhere to Volvo Cars standards, the Volvo Cars Purchasing Terms & Conditions will be used towards the suppliers at sourcing and contract signing. Volvo Cars plants payment terms: 60 days + free delivery months and 75 days net for export/import between EU and China. Volvo Cars delivery terms: FCA. 4.5 “Arm’s length principle” will be applied, meaning that information shared with Polestar about for instance Volvo Cars supplier strategies and agreements will be based on ‘‘“need- to-know” basis only. Volvo Cars will not share benchmark data without the consent of the Supplier. 4.6 Volvo Cars Procurement functions may work in their normal line organisation while providing this service to Polestar and may work with other projects in parallel.