On December 23, 2021, Crown Electrokinetics Corp. (the “Company”) entered into a Master Supply Agreement (“MSA”) with Hudson Pacific Properties, L.P. (“HPP”), to install its Smart Window Inserts powered by DynamicTintTM in HPP office buildings. The MSA provides the master terms and conditions under which Crown would supply units in order to retrofit certain windows at locations indicated in the purchase orders.

In the future, the parties may enter into multiple specific transactions by executing purchase orders for additional buildings.