AMENDMENT NO. 8
TO
SUPPLIER PARTNERING AGREEMENT 
 

THIS AMENDMENT TO SUPPLIER PARTNERING AGREEMENT (this “Amendment”), dated as of November 10, 2021, (the “Amendment Effective Date”) is made and entered into by and between Pacesetter, Inc., with offices at 15900 Valley View Court, Sylmar, California, 91342 (“Buyer”), and NVE Corporation, with a principal place of business at 11409 Valley View Rd, Eden Prairie, Minnesota, 553443617 (“Seller”).
 

RECITALS

 

A. Buyer and Seller are parties to that certain SUPPLIER PARTNERING AGREEMENT with an effective date of January 1, 2006; Amendment No. 1 with an effective date of September 6, 2007; Amendment No. 2 with an effective date of December 15, 2009; Amendment No. 3 with an effective date of September 13, 2010; Amendment No. 4 with an effective date of February 1, 2011; Amendment No. 5 with an effective date of April 20, 2016; Amendment No. 6 with an effective date of December 16, 2020; and Amendment No. 7 with an effective date of April 12, 2021 (collectively the “Agreement”).
 

B. Buyer and Seller now wish to amend the terms of Agreement as set forth in this Amendment.
 
NOW, THEREFORE, Buyer and Seller agree to amend the Agreement as follows:
 

1.	Section 1, Term of Agreement, is hereby deleted and replaced with the following
	1.	Term of Agreement. This Agreement begins on January 1, 2006 and will remain in force through December 31, 2022, unless terminated earlier.
2.	Section 10.8, Compliance with Supplier Guidelines, is hereby added with the following:   10.8    Compliance with Supplier Guidelines. Buyer is committed to supporting and applying the fundamental principles of human rights, labor, environmental protection, and anti-corruption to ensure Buyer’s and our suppliers’ long-term business success, as well as improving lives around the world. Supplier has read and agrees to comply with the values represented in Buyer’s Supplier Guidelines found at http://www.abbott.com/partners/suppliers.html, as in effect from time to time (“Guidelines”). At Buyer’s request, Supplier shall (i) provide information and access to Buyer (or applicable Buyer Affiliate, or their delegated third-party advisors) for the purposes of confirming Supplier’s compliance with the Guidelines; and (ii) use commercial reasonable efforts to remediate identified issues and to report its corrective actions. In the event of a conflict between this Agreement and the Guidelines, the terms of this Agreement will prevail.
3.	Attachment 1 is hereby amended to reflect a 2022 price of the following:   Part Number 1071000-001 increase from current price of $** to $**; Part Number 100101124 increase from current price of $** to $**. These increases are effective with all shipments made after December 1, 2021.
4.	If any provisions of this Amendment and the Agreement conflict, the provisions of this Amendment shall prevail. Except as specifically amended herein, all terms and conditions of the Agreement shall remain in full force and effect.

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5. Each party represents that it has authority to enter into this Amendment. This Amendment may be executed in counterparts, each of which for all purposes shall be deemed an original, and all of which constitute, collectively, one agreement. Facsimile or electronically transmitted signatures shall be deemed effective as originals.

 
The parties have caused this Amendment to be signed by their duly authorized representatives, effective as of the Amendment Effective Date.
 

Pacesetter, Inc.
 
 
By:  /s/ JONATHAN HARRINGTON 
 
Name:  Jonathan Harrington 
 
Title:  DVP OPS+SUPPLY CHAIN 
 
Date:  2/1/22  NVE Corporation
 
 
By:  /s/ DANIEL A. BAKER 
 
Name:  Daniel A. Baker 
 
Title:  President & CEO 
 
Date:  2/1/22  

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