Xos terminates Mesa factory lease; issues 1.8M shares for interest conversion

Xos, Inc.

Termination contingent on landlord's new lease; Xos pays ~$2.7M over 18 months, forfeits $1.2M deposit, pays ~$1.3M commissions.
If no new lease, original 2033 lease remains in effect.
Issued 1,803,262 unregistered shares to Aljomaih for $6.0M accrued interest at 10-day VWAP on Aug 25, 2025.
Xos will continue using other facilities; no expected operational impact from lease termination.

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