Attached files
DE
|
33-0933072
|
|
(State or other jurisdiction of
|
(IRS Employer
|
|
incorporation)
|
Identification No.)
|
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
The Amended and Restated Supply Agreement was entered into after both parties decided to change the supply source for the Inverter to a new supplier and to allow Fisker Automotive to directly source and integrate the Inverter in order to reduce the overall cost of the Q-Drive powertrain system. Despite the lower revenue base, the amended structure provides the Registrant with the ability to make higher product margins and gross profits as compared to the Original Supply Agreement.
On September 7, 2010, the Registrant issued a press release announcing that it received purchase orders from Fisker Automotive with an approximate aggregate value of $30 million for the supply of key Q-Drive components and subsytems for the Fisker Karma vehicle. After giving effect to the parties' execution of the Amended and Restated Supply Agreement, the cancellation of the purchase orders related to the Inventers, and the Registrant's receipt of new purchase orders from Fisker on November 8, 2010, the approximate aggregate value of outstanding purchase orders related to the Fisker Karma program is approximately $24.4 million.
* Certain portions of this Exhibit have been omitted and are being separately filed with the Securities and Exchange Commission pursuant to a request for confidential treatment.
QUANTUM FUEL SYSTEMS TECHNOLOGIES WORLDWIDE, INC.
|
||||||||
Date: November 09, 2010
|
By:
|
/s/ W. Brian Olson
|
||||||
W. Brian Olson
|
||||||||
Chief Financial Officer
|
||||||||
Exhibit No.
|
Description
|
|
EX-10.1
|
Amended and Restated Supply Agreement, dated November 5, 2010, between the Registrant and Fisker Automotive, Inc.
|
|
EX-10.2
|
Fisker Automotive's General Terms and Conditions of Purchase
|