Re: Separationagreementandrelease

Exhibit 10.1

August25,2026

Gagan Dhingra

Re:SeparationAgreementandRelease

Gagan:

This letter sets forth the substance of the Separation Agreement and Release (the “Agreement”) that Lucid USA, Inc. (the “Company”) is offering to you in conjunction with your employment transition.

1.SEPARATION DATE.You resigned from your employment, and your last day of work with the Company and your employment termination date was August 14, 2026 (the “Separation Date”).On the Separation Date, the Company paid you all accrued salary and vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You are entitled to these payments regardless of this Agreement.

2.SEPARATION BENEFITS.If you sign and return this Agreement to the Company withinthetimeframesetforthbelow,andyoudonotrevokethisAgreementandallowittobecome effectiveandfurthercomplyfullywithyourobligationshereunder,thentheCompanywillprovide you with the following Separation Benefits (the “Separation Benefits”):

2.1Transfer of MCP Vehicle. During your employment with the Company, you participated in the Company’s Manager Car Program (“MCP”). As consideration for this Agreement, theCompanyhasagreedtooffertotransfer toyoutheownershipoftheMCPvehicle assigned to you during your employment, or a similar make and model in the Company’s sole discretion (“MCP Vehicle”). You agree to execute any documents necessary to effectuate the transfer of the MCP Vehicle. You and the Company acknowledge that the transfer of the MCP Vehicletoyoumayresultinimputedincomefortaxpurposes.Tooffsetthatresultingtaxliability, the Company agrees to pay to you an additional cash payment in an amount sufficient to cover federal, state, and local taxes incurred as a result of the transfer.

2.2Education Expense Repayment Forgiveness. You acknowledge that, under the terms of the signed “Academics at Wharton” agreement dated May 13, 2024, based on the timing of your resignation from the Company, you are obligated to repay fifty percent (50%) of thetotalamount providedtoyouor paidonyour behalf bytheCompany for yourparticipation intheWhartonAdvancedFinanceProgram.Inconsiderationofyourexecutionof,andcompliance with, this Agreement, the Company agrees to waive and forever relinquish any right it may have to seek repayment of the amount you owe and hereby forgives the related indebtedness.

2.3Section409A.ThepartiesagreethattheprovisionsoftheLucidGroup,Inc. Executive Severance BenefitPlan andSummary Plan Description includingSection7(c)thereof, willbeapplicabletoanyandalldeferredcompensation,asreferencedinSection409A,underthis Agreement.

3.NO OTHER COMPENSATION OR BENEFITS.Youacknowledgethat,exceptasexpressly providedinthisAgreement,youdidnotearnbytheSeparationDateandwillnotreceivefromthe Company any additional compensation (e.g., salary, commissions, bonuses or equity), severance orbenefitsaftertheSeparationDate,withtheexceptionofanyvestedbenefitsyoumayhaveunder the express terms of a written ERISA benefit plan (e.g., 401(k) account).

4.EXPENSE REIMBURSEMENTS.You agree that, within ten (10) days after the date of this Agreement, you will submit your final documented expense reimbursement statement reflecting all business expenses you incurred through the Separation Date, if any, for which you seek reimbursement.TheCompanywillreimburse youforthese expenses pursuant toitsregular business practice.

5.RETURNOFCOMPANYPROPERTY.Withinfive(5)businessdaysfromthedateofthis Agreement, and to the extent you have not already done so, you shall return to the Company all Company documents (and all copies thereof) and other Company property in your possession or control.You agree that you will make a diligent search to locate any such documents, property and information within the timeframe referenced above.In addition, if you have used any personallyownedcomputer,server,ore-mailsystemtoreceive,store,review,prepareortransmit anyconfidentialorproprietarydata,materialsorinformationoftheCompany,thenwithinfive(5) business days fromthe date of this Agreement, you must providethe Company witha computer-useable copy of such information and then permanently delete and expunge such confidential or proprietary information from those systems without retaining any reproductions (in whole or in part);andyouagreetoprovidetheCompanyaccesstoyoursystem,asrequested,toverifythatthe necessary copying and deletion is done.Your timely compliance with the provisions of this paragraph is a preconditionto your receipt ofthe SeparationBenefits providedhereunder. TotheextentthattheCompanyismadeawarethatyouintentionallyand/ormateriallyfailed to return any Company property after the payment of the Separation Benefits, following notice to you and a reasonable period to cure such failure, such failure to return shall be deemed a material breach of this Agreement and the Company shall have the right to demand and seek the return of the full value of the Separation Benefits.

6.CONFIDENTIALINFORMATIONOBLIGATIONS.Youacknowledgeaccesstoandreceipt of proprietary, confidential, andtrade secretinformation regardingthe Companyanditsaffiliates while working (“Proprietary Information”). Proprietary Information means information (including any and all combinations of individual items of information) that the Company has or will develop, acquire, create, compile, discover or own, that has value in or to the Company’s businesswhichisnotgenerallyknownandwhichtheCompanywishestomaintainasconfidential. Proprietary Information includes both information disclosed by the Company to you, and informationdevelopedorlearnedbyyouduringthecourseofyouremploymentwiththeCompany. Proprietary Information also includes all information of which the unauthorized disclosure could be detrimental to the interests of the Company, whether or not such information is identified as Proprietary Information.

By example, and without limitation, Proprietary Information includes any and all non-public information that relates to the actual or anticipated business and/or products, research or development of the Company, or to the Company’s technical data, trade secrets, or know-how, including, but not limited to, research, product plans, or other information regarding the Company’s products or services and markets, customer lists and customers (including, but not limitedto,theidentityofandcontactinformationforcustomersorprospectivecustomersofthe Companyonwhichyoucalledorwithwhichyoumaybecomeacquaintedduringthetermofyour employment and their unique customer preferences and historical transaction data), proprietary software, developments, inventions, discoveries, ideas, processes, formulas, technology,designs, drawings,engineering,hardwareconfigurationinformation,marketing,finances(suchassalesand profits), and other business information disclosed by the Company either directly or indirectly in writing, orally or by drawings or inspection of premises, parts, equipment, or other Company property.

Proprietary Information shall be understood to include any and all Company trade secrets (as defined under applicable state or federallaw), butan item need not bea tradesecret to qualify as Proprietary Information. An item of Proprietary Information will ordinarily constitute a trade secret under state or federal law if (a) it derives independent economic value, actual or potential, fromnotbeinggenerallyknownto,andnotbeingreadilyascertainablebypropermeansby,other personswhocanobtaineconomicvaluefromitsdisclosureoruse,and(b)itisthesubjectofefforts that are reasonable under the circumstances (or under federal law, using reasonable measures) to maintain its secrecy.

Notwithstanding the foregoing, Proprietary Information shall not include any such information which you can establish (i) was publicly known or made generally available prior to the time of disclosurebytheCompanytoyou;(ii)becomespubliclyknownormadegenerallyavailableafter disclosure by the Company to you through no wrongful action or omission by you; or (iii) is in your rightful possession, without confidentiality obligations, at the time of disclosure by the Companyasshownbyyourthen-contemporaneouswrittenrecords;providedthatanycombination ofindividualitemsofinformationshallnotbedeemedtobewithinanyoftheforegoingexceptions merely because one or more of the individual items are within such exception, unless the combination as a whole is within such exception.

Proprietary Information will not include terms and conditions of employment of Company employees except where it is information concerning other employees that has been entrusted to you as a supervisor or manager or otherwise entrusted to you as part of confidential job duties (suchashumanresourcemanagement,payroll,orbenefitsadministration)(a“ConfidentialRole”). You understand that nothing in this Agreement limits employees’ rights to discuss the terms, wages, and working conditions of their employment, as protected by applicable law.

In addition to any confidentiality agreements you may have with the Company, you agree not to make Proprietary Information known to any member of the public. By signing this Agreement, youcertifythatyouhave(a)returnedallProprietaryInformationandallotherCompanyproperty, such as office equipment, computers, cell phones, and security badges, as well as all copies or excerptsofanyproperty,filesordocumentsobtainedasaresultofemploymentwiththeCompany, and(b) providedtheCompanywith alllog-in, password, accountandsimilar informationfor any Company-related documents, programs, accounts, medical records, or other password-protected materialsaccessedorusedbyyouinconnectionwithworkfortheCompany.Youunderstandthat the obligations in this section exclude and permitdisclosure of information lawfully acquired by youaboutwages, hoursor other termsandconditionsof employmentif usedbyyoufor purposes protectedbysection7oftheNLRA(asdescribedintheProtectedRightsSection)anddonotlimit your rightto maketruthfulstatementsordisclosuresregardingunlawful employment practicesor limityouraccesstoorparticipateinaproceedingbeforetheNLRBoranyothergovernment agency.

7.CONFIDENTIALITY.SubjecttotheEmployeeProtectionsdefinedbelow,theprovisions ofthisAgreementwillbeheldinstrictestconfidencebyyouwillnotbepublicizedordisclosedin any manner whatsoever; provided, however, that:(a) you may disclose this Agreement in confidenceto your immediatefamily; (b) you maydisclosethisAgreement in confidenceto your attorneys, accountants, auditors, tax preparers, and financial advisors; (c) you may disclose this Agreement insofar as such disclosure may be necessary to enforce its terms or as otherwise required by law.In particular, and without limitation, you agree not to disclose the terms of this Agreement to any current or former employee, consultant, or independent contractor of the Company.Notwithstandingyourconfidentialityandnon-disclosureobligationsinthisAgreement andotherwise,youunderstandthatanindividualmaynotbeheldcriminallyorcivillyliableunder any federal or state trade secret law for the disclosure of a trade secret that: (a) is made (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for thepurposeof reporting or investigating asuspectedviolation of law; or (b) is made in a complaint or other document that is filed under seal in a lawsuit or other proceeding.Further, you understand that an individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the employer's trade secrets to the individual’s attorney and use the trade secret information in the court proceeding if the individual:(a)filesanydocumentcontainingthetradesecretunderseal;and(b)doesnotdisclose the trade secret, except pursuant to court order.

8.NONDISPARAGEMENT.SubjecttotheEmployeeProtectionsdefinedbelow,youagree not to disparage the Company or the Company’s officers, directors, employees, shareholders, parents, subsidiaries, affiliates, and agents, in any manner likely to be harmful to them or their business, business reputation or personal reputation; provided that you may respond accurately andfullytoanyquestion,inquiryorrequestforinformationtotheextentrequiredbylegalprocess. In addition, nothing in this paragraph or this Agreement is intended to prohibit or restrain you in any manner from making disclosures that are protected under the whistleblower provisions of federallaworregulation,theNationalLaborRelationsAct(NLRA),orunderotherapplicablelaw or regulation.If contacted by a potential future employer regarding you, the Company will only provide dates of employment and positions held.You agree to refer all such requests for information solely to the Company’s HR department.Your timely compliance with the provisions of this paragraph is a precondition to your receipt of the Separation Benefits providedhereunder.TotheextentthattheCompanyismadeawarethatyouhavebreached this paragraph after you have been paid the Separation Benefits, such a breach will be deemed a material breach of this Agreement and the Company shall have the right to demand and seek the return of the full value of the Separation Benefits in addition to all other remedies available under applicable law.

9.NOVOLUNTARYADVERSEACTION.Subject to the Employee Protections defined below, youagreethatyouwillnotvoluntarilyprovide assistance, information, oradvice, directly or indirectly (including through agents or attorneys), to any person or entity in connection with any proposed or pending litigation, arbitration, administrative claim, cause of action, or other formal proceeding of any kind brought against the Company, its parent or subsidiary entities, affiliates,officers,directors,employees,oragents,norshallyouinduceorencourageanyperson or entity to bring any such claims; provided, however, that you must respond accurately and truthfullytoanyquestion,inquiry,orrequestforinformationtotheextentrequiredbylegalprocess (e.g.,avalidsubpoenaorothersimilarcompulsionoflaw)oraspartofagovernmentinvestigation.

10.COOPERATION.Subject to the Employee Protections defined below. you agree to cooperate fully with the Company in connection with its actual or contemplated defense, prosecution,orinvestigationofanyclaimsordemandsbyoragainstthirdparties,orothermatters arisingfromevents,acts,orfailurestoactthatoccurredduringtheperiodofyouremploymentby the Company.Such cooperation includes, without limitation, making yourself available to the Company upon reasonable notice, without subpoena, to provide complete, truthful and accurate informationinwitnessinterviews, depositions, andtrialtestimony.TheCompanywillreimburse you for reasonable out-of-pocket expenses you incur in connection with any such cooperation (excluding foregone wages, salary, or other compensation) and will make reasonable efforts to accommodate your scheduling needs.

11.NOADMISSIONS.You understand and agree that the promises and payments in consideration of this Agreement shall not be construed to be an admission of any liability or obligation by the Company to you or to any other person, and that the Company makes no such admission

12.RELEASE OF CLAIMS

12.1GeneralRelease.Inexchangefortheconsiderationprovidedtoyouunder this Agreement, to which you would not otherwise be entitled, you hereby generally and completelyreleasetheCompany,anditsaffiliated,related,parent,andsubsidiaryentities,andits and their current and former directors, officers, employees, shareholders, partners, agents, attorneys, predecessors, successors, insurers, affiliates, and assigns (collectively, the “Released Parties”)fromanyandallclaims,liabilitiesandobligations, bothknownandunknown,thatarise out of or are inanywayrelatedtoevents, acts, conduct, or omissions occurringprior toor onthe date you sign this Agreement (collectively, the “Released Claims”).

12.2ScopeofRelease.TheReleasedClaimsinclude,butarenotlimitedto:

(i) all claims arising out of or in any way related to your employment with the Company, or the termination of that employment; (ii) all claims related to your compensation or benefits from the Company or Lucid Group., Inc., including salary, bonuses, commissions, vacation, expense reimbursements, severance pay, fringe benefits, stock, stock options, or any other ownership, equity, or profits interests in the Company; (iii) all claims for breach of contract, wrongful termination,andbreachoftheimpliedcovenantofgoodfaithandfairdealing;(iv) alltortclaims, including claims for fraud, defamation, emotional distress, and discharge in violation of public policy; and (v) all federal, state, and local statutory claims, including claims for discrimination, harassment,retaliation,attorneys’fees,orotherclaimsarisingunderanyandalllaws,regulations, orders,orordinances,including,butnotlimitedto,thefederalCivilRightsActof1964,thefederal AmericanswithDisabilitiesActof1990,theAgeDiscriminationinEmploymentAct(asamended by the Older Workers Benefit Protection Act), the Family and Medical Leave Act, California Labor Code (including, but not limited to, the Private Attorneys General Act (“PAGA”)), the California FairEmploymentandHousing Act, Cal. Gov’tCode §§12900,12940,and 12949,the RalphCivilRightsAct,CaliforniaCivilCode,§51.7,andtheTomBaneCivilRightsAct, California CivilCode §52.1.Youfurther agreethat youwill notinitiate aPAGAlawsuit against theCompanyoranyoftheReleasedPartiesrelatedtoyouremploymentoranyotheraction,event, or incident that occurred prior to the Effective Date of this Agreement.

12.3Section 1542 Waiver.YOU UNDERSTAND THAT THIS AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.In giving the release herein, which includes claims which may be unknown to you at present, you acknowledgethatyouhavereadandunderstandSection1542oftheCaliforniaCivilCode,which reads as follows:

“Ageneralreleasedoesnotextendtoclaimsthatthecreditoror releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by himorher,wouldhavemateriallyaffectedhisorhersettlement with the debtor or released party.”

You hereby expressly waive and relinquish all rights and benefits under that section and any law of anyother jurisdictionof similar effectwith respect toyour release of any unknown or unsuspected claims herein.

13.EXCLUDED CLAIMS.

13.1Notwithstanding the foregoing, the following are not included in the Released Claims (the “Excluded Claims”): (i) any rights or claims for indemnification you may have pursuant to any written indemnification agreement with the Company to which you are a party (including but not limited to any Indemnification Agreement (which remains in full force and effect)), or under applicable law or the Company’s organizational documents (or any predecessor thereto); (ii)any rightswhich arenotwaivableasamatter of law;(iii) anyrightsyou havetofileorpursueaclaimforworkers’compensationorunemploymentinsurance;and(iv)any claims for breach of this Agreement.Subject to the Employee Protections defined below, you herebyrepresentandwarrantthat,otherthantheExcludedClaims,youarenotawareofanyclaims you have or might have against any of the Released Parties that are not included in the Released Claims.In addition, nothing in this Agreement prevents you from filing, cooperating with, or participating in any proceeding before any federal, state or other governmentagency, except that you acknowledge and agree and hereby waive your right to any monetary benefits in connection withanysuchclaim,chargeorproceedingbeforetheEqualEmploymentOpportunityCommission (“EEOC”), National Labor Relations Board (“NLRB”), California Civil Rights Department (“CRD”), Department of Labor (“DOL”), Securities and Exchange Commission (“SEC”), or any analogous federal, state, or other government agency, to the extent allowed by applicable law.

13.2ItisfurtherunderstoodthatthereleasescontainedinthisAgreementarenot intendedtoanddonotwaive, negate,alter or inanyother waymodifyany(i)insurancecoverage policy or policies thathave been or maybe applicable to you as an employee, officer, or director of the Company in accordance with the terms of any such policy or policies, including without limitation any officers’ and directors’ insurance liability policy or policies, (ii) any statutory indemnificationrights oras otherwiseset forth inthe Company’s Second Amendedand Restated Certificate of Incorporation (or any predecessor thereto).

14.ADEAANDOLDERWORKERS BENEFIT PROTECTIONACTWAIVER.You,beingforty (40) years of age or older, acknowledge that you are waiving and releasing any rights you may have under the Age Discrimination in Employment Act of 1967 ("ADEA"), and that this waiver and release is knowing and voluntary. You and the Company agree that this waiver and release does not apply to any rights or claims that may arise under the ADEA after the Effective Date of this Agreement, as defined herein. You acknowledge that the consideration given for the waiver and Agreement is in addition to anything of value to which you are already entitled. You further acknowledge that you have been advised in writing, as required by the ADEA, that:

14.1Youshould,andareherebyaffirmativelyinstructedto,consultwithan attorney prior to signing this Agreement;

14.2Youhaveforty-five(45)daysinwhichtoconsiderthisAgreement (although you may choose voluntarily to sign it earlier);

14.3Youhaveseven(7)daysfollowingthedateyousignthisAgreementto revoke the Agreement;

14.4This Agreement shall not become effective or enforceable until the revocation period has expired at 12:01 a.m. on the eighth (8th) day following your execution of this Agreement ("Effective Date");

14.5Nothing in this Agreement prevents or precludes you from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA, nor does it impose a condition precedent, penalties or costs for doing so; and

14.6Should you choose to revoke this Agreement following your execution of same, you must do so by notifying the Company prior to the Effective Date of the Agreement. Anyrevocationwithinthisperiodmust:(1)clearlystatethatyouarerevokingthisAgreement;(2) must be in writing and be signed by you; and (3) must be delivered to Russell Jones, Associate General Counsel, Labor & Employment at russelljones@lucidmotors.com.

15.ARBITRATION.YouandtheCompanyagreethatanyandalldisputesarisingoutofthe terms of this Agreement, their interpretation, and any of the matters herein released, shall be subject to arbitrationin the countyofyourfinal place of employment, beforeJudicial Arbitration & Mediation Services ("JAMS"), pursuant to its Employment Arbitration Rules & Procedures ("JAMS Rules"). The arbitrator may grant injunctions and other relief in such disputes. The arbitrator shall administer and conductany arbitration in accordance withthe FederalArbitration Act. The decision of the arbitrator shall be final, conclusive, and binding on the parties to the arbitration. The parties agree that the prevailing party in any arbitration shall be entitled to injunctivereliefinanycourtofcompetentjurisdictiontoenforcethearbitrationaward.Theparties to the arbitration shall each pay an equal share of the costs and expenses of such arbitration, and each party shall separately pay for its respective counsel fees and expenses; provided, however, thatthearbitratorshallawardattorneys'feesandcoststotheprevailingparty,exceptasprohibited by law. The parties hereby agree to waive their right to have any dispute between them resolved in a court of law by a judge or jury. Notwithstanding the foregoing, this section will not prevent eitherpartyfromseekinginjunctiverelief(oranyotherprovisionalremedy)fromanycourthaving jurisdiction over the parties and thesubject matterof their disputerelating tothis Agreement and the agreements incorporated herein by reference.

16.COVENANT NOTTOSUE. A “covenant not to sue” is a legal term which means you promise not to file a lawsuit in court.It is different from the release of claims covered above in Section 13.Besides waiving and releasing the claims set forth above, subject to the Employee Protections, definedbelow, youfurther agree never to sue Company inany forumfor anyreason or claim covered by the release of claims in Section 13.If you sue Company in violation of this covenant,youshallbeliabletoCompanyforitsreasonableattorneys’feesandothercostsincurred in defending against such an action.Notwithstanding this covenant not to sue, you may bring a claim against Company if the claim is excluded from the releases herein, or to challenge this Agreement’s validity under the ADEA.

17.EMPLOYEE PROTECTIONS.

17.1NotwithstandinganythingtothecontraryinthisAgreement,nothingherein or inanyotheragreementbetween youandtheCompanyofanyofitsaffiliateslimitsyourability tovoluntarilycommunicatewith,provideinformationordocumentsto,testifybefore,complywith a subpoena from, or assist or otherwise participate in any manner with an investigation or proceeding conducted by, theSEC, theEEOC, theNLRB, the “CRD,” or any other federal, state or local governmental agency or commission (“Government Agency”), legislative body or self-regulatory organization regarding possible legal violations, in each case, without notice or disclosure to the Company.The Company will not retaliate against you for engaging in any of these activities, and nothing in the Agreement or in any other agreement between you and the Company of any of its affiliates requires you to waive any whistleblower award or other whistleblower-related payment that you might become entitled to from the SEC or any other Government Agency or self-regulatory organization.Moreover, nothing in this Agreement or otherwiserequiresyoutonotifytheCompanythatyou aregoing tomakeareport ordisclosureto law enforcement.

17.2Further, nothing in this Agreement precludes you from filing a charge or claimwiththeSECorachargeorclaimofdiscriminationorunfairlaborpracticewiththeEEOC, NLRB, or CRD, or a like charge or complaint with any other state or local fair employment or labor Government Agency.However, you may not receive a monetary award or any other form ofpersonalrelieffromtheCompanyoranyotherReleasedPartyinconnectionwithanychargeor complaintthatyouhavefiledorisfiledonyourbehalf with theEEOC,NLRB, CRDoranyother similar state or local fair employment or labor Government Agency to the maximum extent permitted by law.

17.3The Defend Trade Secrets Act Of 2016 provides immunity in certain circumstances to Company employees, contractors, and consultants for limited disclosures of Company trade secrets.Specifically, Company employees, contractors, and consultants may disclose trade secrets: (a) in confidence, either directly or indirectly, to a Federal, State, or local government official, or to an attorney, “solely for the purpose of reporting or investigating a suspected violation of law,” or (b) “in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.”Additionally, Company employees, contractors, and consultants who file retaliation lawsuits for reporting a suspected violation oflaw may also useanddiscloserelatedTradeSecretsinthefollowingmanner:(c)theindividualmaydisclosethe trade secret to their attorney, and (d) the individual may use the information in related court proceeding, as long as the individual files documents containing the trade secret under seal, and does not otherwise disclose the trade secret “except pursuant to court order.”You shall not be held criminally or civilly liableunder any Federalor Statetradesecret lawfor the disclosure of a Trade Secret that: (1) is made (a) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney, and (b) solely for the purpose of reporting or investigatingasuspectedviolationoflaw;or(2)ismadeinacomplaintorotherdocumentfiledin a lawsuit or other proceeding, if such filing is made under seal.Disclosures to attorneys, made under seal, or pursuant to court order are also protected in certaincircumstancesunder 18 U.S.C. 1833.

17.4NothinginthisAgreementwaivesyourrighttotestifyinanadministrative, legislative, or judicial proceeding when you have been required or requested to attend the proceeding pursuant toa court order, subpoena, orwrittenrequest froman administrativeagency or thelegislature.Further, nothing inthisAgreement prevents youfromdiscussing or disclosing information about unlawful acts in the workplace, such as harassment or discrimination or any other conduct that you have reason to believe is unlawful.

17.5Theprotectionssetforthinthisparagraphconstituteandshallbereferred toasthe“EmployeeProtections.”

18.TAXCONSEQUENCES. The Company makes no representations or warranties with respect to the tax consequences of the payments and any other consideration provided to you or made on your behalf under the terms of this Agreement. You agree and understand that you are responsibleforpayment,ifany,oflocal,state,and/orfederaltaxesonthepaymentsandanyother considerationprovidedhereunderbytheCompanyandanypenaltiesorassessmentsthereon.You further agree to indemnify and hold the Company harmless from any claims, demands, deficiencies, penalties, interest, assessments, executions, judgments, or recoveries by any government agency against the Company for any amounts claimed due on account of (a) your failure to pay or delayed payment of federal or state taxes, or (b) damages sustained by the Company by reason of any such claims, including attorneys' fees and costs.

19.ATTORNEYS' FEES.In the event that either you or the Company brings an action to enforceor effect any rightsunderthisAgreement,theprevailing party shall beentitledto recover its costs and expenses, including the costs of mediation, arbitration, litigation, court fees, and reasonable attorneys' fees incurred in connection with such an action.

20.REPRESENTATIONS.You hereby represent that you have been paid all compensation owed and for all hours worked, have received all the leave and leave benefits and protections for which youareeligible pursuant tothefederalFamily andMedical Leave Act, anyapplicable law or Company policy, and have not suffered any on-the-job injury for which you have not already filed a workers’ compensation claim.

21.ACCORDANDSATISFACTION.YouandtheCompany agreethattheAgreementand/or Further Release fully supersedes, nullifies and replaces any prior oral or written agreement regarding your entitlement to severance, including your Lucid Group, Inc. Executive Severance BenefitPlanParticipationAgreement.ThePartiesfurtherexpresslyagreethatanyrightsafforded by the Lucid Group, Inc. Executive Severance Benefit Plan Participation Agreement are extinguished by this Agreement and/or the Further Release.

22.VOLUNTARY EXECUTION OF AGREEMENT.You are signing this Agreement voluntarily and without threat or inappropriate influence by Company, with the full intent of releasing all claims. You acknowledge that:

22.1youhave readtheAgreement;

22.2youhavebeenrepresentedbylegalcounselofyourchoiceorhave voluntarilydeclinedtohirean attorneytorepresentyou;

22.3youunderstandthetermsandconsequencesofthisAgreementandofthe releasesitcontains;

22.4youare fullyawareofthelegal andbindingeffectofthisAgreement;and

22.5ifyouworkorresideinCalifornia,thisAgreementisanegotiatedseverance agreement because it is voluntary, deliberate, and informed, provides consideration of value to you,andyouhavebeengivennoticeandanopportunitytoretainanattorneyorarerepresentedby an attorney.

23.GENERAL.ExceptforanycontinuingcontractualobligationsyouhavetotheCompany regardingthenonuseandnondisclosureoftheCompany’sProprietaryInformationorConfidential Information,thisAgreement,including,constitutesthecomplete,finalandexclusiveembodiment of the entire agreement between you and the Company with regard to this subject matter.It is entered into without reliance on any promise or representation, written or oral, other than those expressly contained herein, and it supersedes any other such promises, warranties or representations.This Agreement may not be modified or amended except in a writing signed by both you and a duly authorized officer of the Company.This Agreement will bind the heirs, personal representatives, successors and assigns of both you and the Company, and inure to the benefitof bothyouandtheCompany,their heirs, successorsandassigns.Ifanyprovisionof this Agreement is determined to be invalid or unenforceable, in whole or in part, this determination willnotaffectanyotherprovisionofthisAgreementandtheprovisioninquestionwillbesevered and/or modified, as appropriate, by the arbitrator or court so as to be rendered enforceable to the fullestextentpermittedbylaw,consistentwiththeintentoftheparties.Exceptforthearbitration portion (which shall be governed by the Federal Arbitration Act), this Agreement shall be construed and enforced in accordance with the laws of the State of California, without regard to conflicts of law principles.Any waiver of a breach of this Agreement, or rights hereunder, shall beinwritingandshallnotbedeemedtobeawaiverofanysuccessivebreachorrightshereunder. ThisAgreementmaybeexecutedincounterpartswhichshallbedeemedtobepartofoneoriginal, and facsimile and electronic signatures shall be equivalent to original signatures.

LUCID USA,INC.

ACCEPTEDANDAGREED: