Investor Presentaiton

TLG ACQUISITION ONE CORP. / ELECTRIQ POWER EQUITY TERM SHEET Issuer Security Target Investors Target Investment $ Price Per Share Use of Proceeds Equity Value Pre-Money Incentive Structure Lock-up Period Listing(s) Governing Law Electriq Power Holding, Inc. (post-transaction parent company) Class A Common Stock; Preferred Stock (Incentive) New capital commitment / non-redemption for existing investors $28 million $10.00 per share, pre-incentive; Downside protection to $2.40 per share, post-incentive Growth Capital, General & Corporate Purposes $275 million (2.62x 2024 Estimated Revenue of $104.8 million) - excluding new capital For every 2 shares of Class A common stock purchased at $10 each or through non-redemption, investors will also receive 1 preferred share Features of preferred stock are as follows: No incremental cost 15% coupon, payment-in-kind electriq power Mandatory redemption after 3 years; accrued value of $15.21 in cash or converted to common stock at the choice of the investor at prevailing stock price at that time Common Stock - 25% @ 3 months; 75% at 9 months Preferred Stock - 3 years NYSE All documents herein shall be governed by the laws of New York Strictly Confidential / Not for Redistribution 35

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