Lucid Group, Inc.

(a)Basic Limitation. Shares offered under the Plan shall be authorized but unissued Shares or treasury Shares. As of

the Fifth Restatement Date, the maximum aggregate number of Shares authorized for issuance as Awards under the Plan

on or after the Effective Date shall not exceed the sum of (x) 61,366,924 Shares (consisting of the following amounts, as

equitably adjusted to reflect the reverse stock split at a ratio of one-for-ten of the Company’s Stock effected on August 29,

2025 with respect to increases approved by the Board prior to August 29, 2025: (i) 23,500,000 Shares approved by the

Board on April 21, 2026; (ii) 18,400,000 Shares approved by the Board on April 22, 2025, (iii) 11,900,000 Shares approved

by the Board on April 22, 2024, (iv) 3,916,657 Shares approved by the Board on March 2, 2023, (v) 1,500,000 Shares

approved by the Board on April 27, 2022, (vi) 1,250,000 Shares initially authorized for issuance under the Plan as of the

Effective Date and (vii) an additional 900,267 Shares initially authorized under the Plan as of the Effective Date which

represents the number of Shares equal to the number of unallocated shares of stock of Atieva, Inc. remaining available for

issuance under the 2021 Plan, 2014 Plan and 2009 Plan as of the Effective Date (as adjusted by the conversion ratio

pursuant to the terms of the Merger Agreement in connection with the consummation of the transactions contemplated by

the Merger Agreement)), plus (y) the Returning Shares, if any, which become available for grant under this Plan from time to

time on or after the Effective Date. Notwithstanding the foregoing, the number of Shares that may be delivered in the

aggregate pursuant to the exercise of ISOs granted under the Plan on or after the Effective Date shall not exceed

61,336,924 Shares (on a reverse stock split-adjusted basis) plus, to the extent allowable under Section 422 of the Code, any

Shares that become available for issuance under the Plan pursuant to Section 5(c). In addition, notwithstanding the

foregoing, the number of Shares that may be delivered in the aggregate pursuant to the exercise of Stock Purchase Rights

granted under the Plan and the ESPP Addendum on or after the Effective Date shall not exceed 61,366,924 Shares. The

limitations of this Section 5(a) shall be subject to adjustment pursuant to Section 13. The number of Shares that are subject

to Awards outstanding at any time under the Plan shall not exceed the number of Shares which then remain available for

issuance under the Plan. The Company shall at all times reserve and keep available sufficient Shares to satisfy the

requirements of the Plan.