Energy Vault Holdings, Inc. Suite 100 Westlake Village, California 91361 Re: New Lock-Up AgreementEnergy Vault Holdings, Inc. • July 12th, 2022 • Miscellaneous electrical machinery, equipment & supplies • Delaware
The undersigned (the “Securityholder”) was granted equity pursuant to the Energy Vault, Inc. 2020 Stock Plan and an applicable award agreement that vested or will vest according to the satisfaction of (i) a time-based service requirement and (ii) a liquidity event vesting requirement, and upon the satisfaction of such liquidity event vesting requirement, the time-based service requirement would be deemed satisfied with respect to 50% or more of the total number of shares underlying such award (the “Accelerated Shares”) as set forth in the applicable award agreement.
