Lordstown Endurance Investor Presentation

Capital Raise and Use of Proceeds Cash proceeds will be largely directed towards CapEx, R&D, and G&A expenses ~$675MM Cash Proceeds ~$135MM Capital Expenditures Plant Retooling of ~$120MM, BOM Retooling of ~$15MM to Gear up for Production ~$90MM R&D Product Development, Validation and Certification ~$320MM Cash Contingencies and Additional Growth Opportunities ~$130MM Operating + G&A Expenses Hiring of Highly Skilled Workforce to Build the Endurance Investor Presentation | January 2021 28

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