Subsidiaries' Guarantee Sample Contracts

SUBSIDIARIES GUARANTEE
Subsidiaries Guarantee • March 21st, 2025 • Phoenix Motor Inc. • Truck & bus bodies • Utah

THIS SUBSIDIARIES GUARANTEE, dated as of March 14, 2025 (this “Guarantee”), made by each of to Phoenix Cars, LLC, a Delaware limited liability company, Phoenix Motorcars Leasing, LLC a Delaware limited liability company and Edison Future International Co., Ltd. a Hong Kong corporation (together with any other entity that may become a party hereto as an Additional Guarantors as provided in Annex 1 hereto (individually, a “Guarantor” and collectively the “Guarantors”), in favor of the J.J. Astor & Co., a Utah corporation (together with its permitted assigns, the “Lender”), to that certain Loan Agreement, dated as of March [*], 2025, by and among Phoenix Motor Inc., a Delaware corporation (the “Company”), and the Lender (the “Loan Agreement”).

SUBSIDIARIES GUARANTEE
Subsidiaries Guarantee • April 3rd, 1998 • Department 56 Inc • Pottery & related products • New York