Craig Irwin

Edward Jackson

Michael Shlisky

Ted Jackson

- Xos, Inc. entered into an agreement on **August 21, 2025**, to terminate the lease for its **235,094 square foot manufacturing facility in Mesa, Arizona**, which was originally set to expire in **2033**.  **[1819493_0001819493-25-000143_exhibit101emvxosleaseamend.htm:0]** **[1819493_0001819493-25-000143_xos-20250821.htm:1]** 
- The termination is contingent upon the lessor securing a new tenant and will result in Xos making monthly payments totaling approximately **$2.7 million** over **18 months**, forfeiting a **$1.2 million** security deposit, and paying approximately **$1.3 million** in leasing commissions.  **[1819493_0001819493-25-000143_xos-20250821.htm:1]** **[1819493_0001819493-25-000143_exhibit101emvxosleaseamend.htm:3]** 
- On **August 25, 2025**, Xos issued **1,803,262 shares** of unregistered common stock to Aljomaih Automotive Company to pay approximately **$6.0 million** in accrued interest on a Convertible Promissory Note.  **[1819493_0001819493-25-000143_xos-20250821.htm:2]**

Xos (XOS)