On January 3, 2023, Archer Aviation Inc. entered into a Manufacturing Collaboration Agreement with Stellantis N.V, pursuant to which the Company and Stellantis will collaborate on the development and implementation of the Company's manufacturing operations for the production of its eVTOL aircraft products. Pursuant to the Collaboration Agreement, Stellantis has agreed to provide personnel, resources and assistance supporting, among other things, construction plans and activities, powertrain automation, and manufacturing and industrial engineering activities relating to the Company's eVOTL aircraft. In exchange, the Company has granted Stellantis certain exclusivity rights with respect to, among other things, the supply of technology, products or services to the Company, as well as certain contract manufacturing activities.

Additionally, Stellantis has the right, in its sole discretion, to require the Company to enter into one or more transactions for the manufacture or assembly of the Company's aircraft. Unless earlier terminated in accordance with the terms of the Collaboration Agreement, the Collaboration Agreement will continue in effect until January 3, 2026. The Collaboration Agreement is subject to customary termination provisions, including but not limited to termination by either party for the other party's uncured, material breach.