FARADAY FUTURE INTELLIGENT ELECTRIC INC

No director or Section 16 officer of the Company entered into, modified orterminated a Rule 10b5-1 trading arrangement or any non-Rule 105b-1 trading arrangement during the three months ended June 30, 2024.

Settlement Agreement

As previously disclosed, in July 2023, Palantir Technologies, Inc. (“Palantir”) filed a demand for arbitration against the Company related to the July 12, 2021 Master Subscription Agreement (“MSA”), and in March 2024, the Company and Palantir entered into a settlement and release agreement (the “Settlement and Release Agreement”) pursuant to which, among other things, the Company agreed to pay Palantir $5.0 million in four quarterly installments in 2024 (the “Fees”).

On August 9, 2024, the Company and Palantir entered into an amendment to the Settlement and Release Agreement pursuant to which, in lieu of paying the remaining $4.8 million in cash, the Company agreed to issue Palantir $2.4 million of Common Stock by August 9, 2024, and $2.4 million in Common Stock by October 1, 2024. The Company further agreed to register the shares under the Securities Act for resale by Palantir.

The foregoing description of the amendment to the Settlement and Release Agreement is qualified in its entirety by reference to the amendment to the Settlement and Release Agreement, a copy of which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ending September 30, 2024.