PSI and Hyundai Doosan amend supply agreement; PSI loses exclusivity, minimum purchase commitments removed

POWER SOLUTIONS INTERNATIONAL, INC.

PSI loses exclusive right to purchase/distribute Doosan engines in US, Canada, Mexico as of July 1, 2022.
Minimum purchase commitments and related penalties eliminated except for outstanding 2021 penalty balance of $[***] paid in installments through Nov 2022.
Sales territory expanded to other markets with non-binding forecasts; pricing for 2022 fixed, negotiable for 2023+.
Supply agreement term extended to Dec 31, 2023 with automatic renewal unless 3-month notice given.

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