ULH subsidiary leases Ford land for 1M sq ft warehouse supporting electric truck production

UNIVERSAL LOGISTICS HOLDINGS, INC.

UDOT builds ~1,000,000 sq ft facility at own cost; substantial completion required by Jan 1, 2025.
Ford pays monthly base rent of $2,418,806.28 plus taxes and utilities over 10-year term.
Ford has three prepayment options at 3rd, 5th, and 7th anniversaries of rent commencement.
ULH provides limited indemnity to Ford covering bankruptcy/insolvency of UDOT.
Facility supports Ford's next-generation electric truck contract logistics program.

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