EX-10.1
Polar Power, Inc.
SECURITIES PURCHASE AGREEMENT
This Securities Purchase Agreement (this “Agreement”) is entered into and effective as of July 21, 2026 (the “Execution Date”), by and between Polar Power, Inc., a Delaware corporation (the “Company”) and LU2 Holdings LLC, a New Jersey limited liability company (including its designees, successors and assigns, the “Purchaser”).
RECITALS
A. The parties desire that, upon the terms and subject to the conditions contained herein, the Company shall issue to Purchaser, and Purchaser shall purchase from the Company, from time to time as provided herein, up to $500,000 in stated value of Series A Convertible Preferred Stock (the “Preferred Shares”) at a purchase price of 90% of such stated value, with each such Preferred Share having a stated value of $1,000 per share (the “Stated Value”) and certain common stock purchase warrants (the “Warrants”) entitling the Purchaser to purchase shares of Common Stock (as defined herein); and
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