NVE Corp amends 2015 supply agreement with Sonova AG on pricing, payment terms, lead time

NVE CORP /NEW/

Second Amendment to 2015 Supply Agreement with Sonova AG effective July 17, 2023.
Amendment modifies pricing table in Appendix B, payment terms in Section 10.4, and standard lead time; specific figures redacted.
Payment conditions changed to ** after invoice; Sonova may withhold payment for quality breaches per amended Section 10.4.
Standard Product lead time changed to ** from receipt of order.
All other terms of 2015 Supply Agreement and First Amendment remain in full force and effect.

item 1.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NVE CORP /NEW/ amended Second Amendment to the Supply Agreement with Sonova AG (effective 2023-07-17).

Action: amendment
Agreement: supply
Counterparty: Sonova AG
Effective: 2023-07-17

Exact text from the filing

Effective July 17, 2023 we executed a Second Amendment to the 2015 Supply Agreement, which amends pricing, payment terms, and lead time provisions.

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NVE CORP /NEW/ filing history →

Source: SEC EDGAR

accession 0001376474-23-000366

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