Amendment No. 2 to Joint Development Agreement, dated March 22, 2021, between Solid Power and BMW of North America, LLC
Exhibit 10.13
CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. [***] INDICATES THAT INFORMATION HAS BEEN REDACTED.
AMENDMENT NO. 2
to
JOINT DEVELOPMENT AGREEMENT
between
BMW OF NORTH AMERICA, LLC
300 Chestnut Ridge Road
Woodcliff Lake, NJ 07677
USA
hereinafter referred to as BMW
and
SOLID POWER, INC.
486 S. Pierce Ave., Suite E
Louisville, CO 80027
USA
hereinafter referred to as Solid Power
The Joint Development Agreement (JDA) entered into as of July 1, 2017 and amended on February 18, 2021 (Amendment No. 1) by and between Solid Power, Inc., with a principal place of business at 486 S. Pierce Ave., Suite E, Louisville, CO 80027, USA (Solid Power), and BMW of North America, LLC, a Delaware limited liability company with a principal place of business at 300 Chestnut Ridge Road, Woodcliff Lake, NJ 07677, USA (BMW), collectively the Parties, shall be amended as set forth in this Amendment No. 2 to the JDA.
Purpose: The purpose of this Amendment No. 2 to the JDA is to specify [ * * * ] of Solid Powers solid-state battery technology.
The Parties agree to amend the JDA effective as of March 22, 2021 (Effective Date).
1. | Solid Power and BMW hereby agree to a further development cooperation [ * * * ]. |
ALL OTHER TERMS AND CONDITIONS IN THE JDA AND ANNEXES TO THE JDA AS AMENDED BY AMENDMENT NO. 1 REMAIN UNCHANGED AND IN FULL FORCE AND EFFECT.
IN WITNESS WHEREOF, each of the parties has caused its duly-authorized representative to execute this Amendment No. 2 to the Agreement as of the Effective Date.
Solid Power , Inc. | BMW of North America, LLC | |||
/s/ David B. Jansen |
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Signature | Signature | |||
David B. Jansen |
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President |
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Signature | Signature | |||
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IN WITNESS WHEREOF, each of the parties has caused its duly-authorized representative to execute this Amendment No. 2 to the Agreement as of the Effective Date.
Solid Power , Inc. | BMW of North America, LLC | |||
| /s/ Joyce Gonzalez | |||
Signature | Signature | |||
| Joyce Gonzalez | |||
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Title | Title | |||
| /s/ Georg Sattler | |||
Signature | Signature | |||
| Georg Sattler | |||
Printed Name | Printed Name | |||
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Title | Title |
Annex 1
[ * * * ]
Annex 6
[ * * * ]