Envirotech Vehicles extends Maddox Industries earnout period to June 17, 2026

Envirotech Vehicles, Inc.

Amendment extends Earnout Period for Maddox Acquisition to June 17, 2026 from original six-month period post-December 2024 close.
Maximum aggregate Earnout Payments remain capped at $1 million, based on gross revenue from Closing Receivables.
Jason Maddox, Seller and also EVTV director, interim CFO, and President, is a related party in the amendment.
Original Purchase Agreement dated Oct 30, 2024 closed Dec 18, 2024; amendment signed Oct 20, 2025.

item 1.01

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