Luminar Technologies(LAZR) - 2025 Q3 - Quarterly Results

Default and Forbearance - The Issuer anticipates a Default due to the failure to pay the interest payment due on October 15, 2025, beyond the grace period[4] - The Forbearance Period is set to commence on the Effective Date and will end automatically on the Forbearance Termination Date, which is November 6, 2025, unless extended by the Holders[8] - Default Interest will accrue on the Defaulted Amount from October 15, 2025[15] - The Specified Default is acknowledged as an Event of Default that remains uncured as of the date of this Agreement[12] Agreement Execution and Obligations - Holders representing at least 75.01% of the outstanding Notes must execute the Agreement for it to be effective[5] - The Credit Parties reaffirm their obligations under the Agreement, which are deemed "Obligations" for all purposes of the Notes Documents[14] - Luminar Technologies, Inc. confirmed all obligations under the Notes Documents and related Collateral Documents[28] - The Chief Financial Officer, Thomas J. Fennimore, executed the Agreement on behalf of Luminar Technologies, Inc. and its subsidiaries[33] - The Agreement includes a full release of claims against the Holder Parties from any actions or liabilities[26] - The Agreement confirms the ratification of all obligations and liens granted under the Collateral Documents[28] Restrictions and Consents - No Credit Party shall incur any Indebtedness outside of the ordinary course of business without the prior written consent of the Requisite Holders[18] - Asset Sales are restricted without the prior written consent of the Requisite Holders, with exceptions for transactions not exceeding $100,000 individually or $1,000,000 in the aggregate[19] - The Credit Parties must obtain all material consents necessary for the transactions contemplated by this Agreement[25] Rights and Remedies - The Holders retain all rights and remedies under the Indenture and other Notes Documents despite entering into this Agreement[24] - No amendments to the Agreement will be effective without written concurrence from the Issuer and the Requisite Holders[29] Communication and Disclosure - The Issuer will file a Current Report on Form 8-K disclosing material terms of the Agreement with the SEC by 9:01 a.m. the following business day[30] - The Issuer must consult with Holders before issuing any press releases regarding the Agreement[30] - The Issuer is required to provide prior notice to Holders for any disclosures required by law[30] General Provisions - The Agreement does not intend to form a "group" as defined under Section 13(d) of the Securities Exchange Act of 1934[31] - The Agreement remains unchanged and in full force, maintaining the integrity of the Indenture[31]