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Preferred Partner Agreement

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Sectors: Automotive and Transport Equipment
Effective Date: June 09, 1994
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This Agreement entered into this 9th day of June 1994

by and between

DAV, a French company


JOSEPH POLLAK, a division of STONERIDGE, INC. a corporation organized under the laws of the State of Ohio ("JP")


WHEREAS the parties are each seeking automotive and transport business form multinational organizations, which require presence in both Europe and North America including USA, Canada and Mexico,


WHEREAS the parties have determined that it is in their mutual best interest to treat the other as a "Preferred Partner",


WHEREAS each party only has significant presence on one continent and needs the expertise of the other to obtain business, which requires delivery and support of products in Europe and North America, as applicable,


WHEREAS DAV's territory for this Agreement is Europe (both Western and Eastern) and JP's territory for this Agreement is North America (Canada, USA, Mexico),


NOW THEREFORE, the parties agree as follows:

Section 1 - Purpose of this Agreement - -------------------------------------

Each party appoints the other as a "Preferred Partner" in the territory designated in the whereas paragraphs above for electrical switches.

Accordingly each party agrees that during the term of this Agreement whenever it requires a business relationship in the other's territory, it shall proceed as follows:

If a distributor, subcontract manufacturer, licensee, joint venture partner, technology support and/or customer support is needed, it shall first approach the other party to seek a mutually acceptable agreement with respect to such business, it shall offer terms equal to or better than it would offer to any other potential partner in the other's territory and the offeree shall respond expeditiously.

Section 2 - Framework for Preferred Partner Agreement - -----------------------------------------------------

Since the parties wish to cooperate, including possibly licensing between one and the other, in the design, development, manufacture and marketing of electrical switches and related products for the automotive and transport industries, particularly where capabilities may be required in both Europe and North America, including the USA, Canada and Mexico, it is hereby agreed:

1. Each party will advise the other in writing of such business
opportunities that it wishes to develop in cooperation with the other,
providing out
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