ASSET PURCHASE AGREEMENT BY AND AMONG FOXCONN EV TECHNOLOGY, INC., LORDSTOWN EV CORPORATION AND LORDSTOWN MOTORS CORP. Dated as of November 10, 2021Asset Purchase Agreement • November 10th, 2021 • Lordstown Motors Corp. • Motor vehicles & passenger car bodies • Delaware
THIS ASSET PURCHASE AGREEMENT is made as of November 10, 2021 (the “Effective Date”) by and between Lordstown EV Corporation, a Delaware corporation (“Seller”); Foxconn EV Technology, Inc., an Ohio corporation (“Purchaser”); solely for purposes of Sections 4.7 and 10.19, Lordstown Motors Corp., a Delaware corporation (“Parent”); and solely for purposes of Section 10.18, Foxconn (Far East) Limited, a Cayman Islands exempted company (“Guarantor” and together with Seller, Purchaser and Parent, each, a “Party” and collectively, the “Parties”). Certain capitalized terms used herein are defined in Article I.
