Xos SPAC Presentation Deck

Accelerating Growth Through Cornerstone Go-to-Market Agreements in 2021 Xos has established commitments from partners expected to support Xos through distribution and maintenance. 1.100 UNIT ORDER 1,000 UNIT ORDER Thoresen CAT Thompson CAT Truck Centers Thompson • Multi-year purchase and distribution agreement includes 100 vehicles in 2021 and 1,000 vehicles in 2022 Includes an additional option for 1,000 vehicles in 2023 • Thompson CAT uniquely equipped to provide distribution and service for Xos trucks in the Southeastern United States To "Our partnership with Xos enables customers to achieve a zero-emission future backed by Thompson's 76-year legacy of unrivaled sales & service support." }} Mark McDonell, Thompson Machinery C00 LONESTAR TRUCK GROUP TAG TRUCK CENTER • Purchase and distribution agreement for 1,000 vehicles • Lonestar to provide distribution, service, and manufacturing support for Xos vehicles in Texas • Lonestar is key partner for large corporate parcel delivery fleets such as FedEx Ground Lon "Lonestar SV has a reputation for manufacturing quality integrated vehicles and we felt that Xos provided the best solution to meet our customers' demands." Jay Simmons, Lonestar SV President Note: The agreements with Thompson CAT and Lonestar SV described herein are subject to certain modification and cancellation provisions set forth in the applicable agreements. Confidential and Privileged, Property of Xos, Inc. 18

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