0001104659-23-091748 Sample Contracts

SETTLEMENT AGREEMENT AND RELEASE

Settlement Agreement • August 15th, 2023 • Lordstown Motors Corp. • Motor vehicles & passenger car bodies • Delaware

• Contract Type
  Settlement Agreement
• Filed
  August 15th, 2023
• Company
  Lordstown Motors Corp.
• Industry
  Motor vehicles & passenger car bodies
• Jurisdiction
  Delaware

THIS SETTLEMENT AGREEMENT AND RELEASE (including all Exhibits, this “Agreement”) is made and entered into as of August 14, 2023, by and among Lordstown Motors Corp. (“LMC”), Lordstown EV Corporation and Lordstown EV Sales LLC (collectively, the “Debtors”), and Karma Automotive LLC (“Karma”). The Debtors and Karma are individually referred to herein as a “Party” and collectively as the “Parties.”