On January 11, 2024, Canoo Inc. entered into a sixth Supplemental Agreement with investment firm Yorkville, under which Yorkville will provide a $17.5 million advance to Canoo. This agreement amends the Pre-Paid Advance Agreement (PPA) originally established on July 20, 2022. The net proceeds for Canoo, after accounting for a commitment fee and purchase price discount, will be approximately $16.45 million. The terms of the Sixth Supplemental Agreement include a commitment fee of $875,000 and set the purchase price for shares at the lower of $0.24 per share or 95% of the lowest daily VWAP in the five trading days before each Purchase Notice Date, subject to a predefined floor price. The details of the agreement are outlined in Exhibit 10.1, filed with the report.

On January 11, 2024, Canoo Inc. entered into a sixth Supplemental Agreement with investment firm Yorkville, under which Yorkville will provide a $17.5 million advance to Canoo. This agreement amends the Pre-Paid Advance Agreement (PPA) originally established on July 20, 2022. The net proceeds for Canoo, after accounting for a commitment fee and purchase price discount, will be approximately $16.45 million. The terms of the Sixth Supplemental Agreement include a commitment fee of $875,000 and set the purchase price for shares at the lower of $0.24 per share or 95% of the lowest daily VWAP in the five trading days before each Purchase Notice Date, subject to a predefined floor price. The details of the agreement are outlined in Exhibit 10.1, filed with the report.