Xos enters separation agreement with former General Counsel; $110K cash, 120K RSUs accelerated

Xos, Inc.

Cash lump sum of $110,000 to Christen Romero within 14 days after effective date.
120,000 unvested RSUs accelerated to full vest; shares subject to 21-month lock-up with monthly ratable release.
Potential additional $50,000 if company achieves $25M Available Liquidity within 3 years or a Liquidity Event at ≥$10/share.
Romero releases all claims except statutory rights; company releases claims except for fraud, embezzlement, or breach.
Agreement includes confidentiality and non-disparagement obligations; Romero resigned effective January 10, 2025.

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