Xos SPAC Presentation Deck

Strong Customer Traction Xos is working with the world's largest fleet partners and has deployed vehicles with customers 6,000+ (1) 50,000+ Vehicle eCommerce Fleet (2) SOUTHERN CALIFORNIA EDISON SV LONESTAR ELECTRIC 3 10,000+ Vehicle Canadian Fleet CONTRACTED CUSTOMERS ups LOOMIS Unit Backlog and Optional Orders of Xos Vehicles¹ 2 HINO DICKINSON FLEET SERVICES 85,000+ Vehicle Delivery Fleet Thompson CAT UniFirst ABInBev GRUPO BIMBO 發 HEINEKEN MÉXICO ALSCO ATD Bepensa Prudential verall Supply AMERICAN TRUCK DEALERS LAST MILE & DSD ATRS ARCACONTINENTAL Red Bull Walmart Canada ADDITIONAL TARGET CUSTOMERS utz NORTHGATE MARKET IKEA BUSINESS SERVICES CUSTOM TRUCK ONE SOURCE.. SOUTHERN GLAZER'S WINE & SPIRITS aramark DHL CINTAS FERGUSON FedEx. FATI FEMSA BEPUBLIC NATIONAL DISTRIBUTING COMPANY RECOVERY SERVICES WIGGINS choicelunch Gelson's Represents 2,000+ backlog from contracted customers with an additional 4,000 optional orders. All orders are subject to certain modification and cancellation provisions set forth in the applicable agreements. Company contracted with UPS beginning in 2018 for the acquisition of vehicle units. Company additionally entered into a non-binding letter of intention with UPS in Q1 2021 for the purchase of Xos vehicle units. (3) Associated with Elemental Excelerator program and expected to place contract in Q1 2021. environment Purolator Publix VOCATIONAL & WORK TRUCK CEMEX Stantec AVA SAVAGE NEXTera ENERGY DRAYAGE, LTL, FTL J.B. HUNT NFI C.R.England Confidential and Privileged, Property of Xos, Inc. 17

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