Letter of Intent

Innoviz Technologies Ltd. (“Innoviz”), and **** collectively the “Parties”, hereby enter into this letter of intent (“LOI”) to outline the Parties’ intentions with respect to fees to be paid to Innoviz in ***. ************************************************************************************

The total fees to be paid to Innoviz in year 2025 with respect to **** in connection with the ******************************* is agreed upon as ********** USD (the “Fees”).

To this end, **** will place a binding purchase order (PO) with Innoviz in the amount of ********** USD, by **********, 2025, as NRE for **************************************************************************.

The Fees are offset against the total payment per ********, in particular but not limited to an offset against the ********** USD of **********. Innoviz commits that the ********** USD are the absolute maximum for ********** which covers the NRE payments for **********.

Innoviz will meet the milestones (connected to the **********) according to the agreed specifications and requirements as follows:

-          **********

-          **********

-          **********

-          **********

-          **********

-          **********

-          **********

-          **********

-          **********

Legal Provisions:

Sections 1(ii), 2, 3, 4, 7 and this section ‘Legal Provisions’ shall be legally-binding. Except for sections 1(ii), 2, 3, 4, 7 and this section ‘Legal Provisions’, all other parts of the LOI shall be non-binding and non-enforceable. This LOI shall be governed by **********  and place of jurisdiction shall be **********.

Innoviz Technologies Ltd.

Signature: **********

Name and title: **********

Date:   **********

**********

Signature: **********

Name and title: **********

Date:   **********