In Re Lordstown Motors Corp.

Opinion

COURT OF CHANCERY

OF THE

STATE OF DELAWARE

LORI W. WILL LEONARD L. WILLIAMS JUSTICE CENTER VICE CHANCELLOR 500 N. KING STREET, SUITE 11400 WILMINGTON, DELAWARE 19801-3734

February 3, 2023

Raymond J. DiCamillo, Esquire Kevin M. Gallagher, Esquire Alexander M. Krischik, Esquire Edmond S. Kim, Esquire Nicholas F. Mastria, Esquire Richards, Layton & Finger, P.A. One Rodney Square 920 North King Street, Suite 200 Wilmington, Delaware 19801

RE: In re Lordstown Motors Corp., C.A. No. 2023-0083-LWW

Dear Counsel, This letter memorializes the court’s February 2, 2023 oral ruling on the Motion for Expedited Proceedings (the “Motion”) filed by petitioner Lordstown Motors Corp. (the “Company”). The Motion is granted for the reasons explained in that oral ruling.

The court will hold a hearing on the Company’s request for relief pursuant to 8 Del. C. § 205 (the “Petition”) at 11:00 a.m. on February 20, 2023 at the Leonard L. Williams Justice Center in Wilmington, Delaware. The Company shall file a Form 8-K providing notice of the hearing to its stockholders no fewer than 10 days

C.A. No. 2023-0083-LWW February 3, 2023 Page 2 of 2

before February 20. That Form 8-K shall: attach the Petition or (if the Company prefers to post the Petition on its website rather than attaching it to the Form 8-K) provide a website address to the location of the Petition; describe the relief sought in the Petition; inform stockholders of the time, date, and location of the hearing on the Petition; and explain how stockholders can appear and be heard at or in advance of the hearing.

To the extent the foregoing requires an order to take effect, IT IS SO ORDERED.

Sincerely yours,

/s/ Lori W. Will

Lori W. Will

Vice Chancellor