Amendment Agreement, dated as of July 6, 2022, by and between LG Energy Solution, Ltd. and Romeo Power, Inc

1.The definition of “Base Period” is amended to mean the period from July 1, 2023 to December 31, 2028.

2.     Section 2(a) of the Original Agreement shall be deleted in its entirety and hereby replaced with the following:

    “(a)    Upon payment of all Milestone Payments, Seller agrees to supply, and Buyer agrees to purchase, the Products in accordance with the Supply Agreement at the prices and in the quantities specified in the following table during the Initial Period and the Base Period. Further, Seller will use its best efforts to grant Buyer preferred status in the allocation of additional Product throughout the Term. The Parties will mutually agree in good faith on each monthly volume of Products in writing and to Product fulfillment on a quarterly basis. The volume for each quarter of the year shall be determined by mutual agreement between the Parties in writing by September 30TH of the immediately preceding year.

“(b)     The initial Unit Price is based on the below raw materials index that includes the price of each metal input (in cost per kilogram) and the amount of each metal input used per cell (the “RMI”). The RMI will be updated on regular basis as metal input prices change and as the amount of each metal input used in each cell changes (as cell designs

evolve). The price per cell hereunder (the “Unit Price”) will be adjusted semi-annually, on […***…] of each year during the term of this Supply Agreement (each, an “Adjustment Date”). On each Adjustment Date, the Unit Price will be set based on the price determined using the average of the RMI over the period (i) commencing on the preceding […***…] and ending on the preceding […***…], for each […***…] Adjustment Date, and (ii) commencing on the preceding […***…] and ending on the preceding […***…], for each […***…] Adjustment Date.