From: Richard Kahn To: "jeffrey E." <jeevacationggmail.com> Subject: Fwd: Lucid Motors - UpDate Date: Tue, 09 May 2017 21:25:47 +0000 Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax cell Begin forwarded message: From: "Atlas, Andrew S" Subject: RE: Lucid Motors - UpDate Date: May 9, 2017 at 5:21:06 PM EDT To: Richard Kahn Hi Rich, I spoke with Matt Poirier, the banker handling the Lucid Capital raise. Series D Capital Raise of $400M Term Sheets due on 05/23/17 Expects Closing at the end of June Lead time = 24 months Wouldn't give me an average check size per se, but said it would most likely need to be north of $10M. The May 23rd Term Sheet is for the Lead Investor of the round. Does Southern Trust wish to submit a "Lead Term Sheet" or wait to participate as follower capital? Follower capital will have access to the key terms of the capital raise after the 23rd. If interested, I need to send Matt an email registering your Lucid interest as Lead or Follower Capital. In the meantime, if you would like to speak with Matt; He's available all week to discuss the round and appropriate next steps. To protect all interested parties we'll have a NDA drafted. Let me know your thoughts. Thanks again, Andrew EFTA00681589