(e) On July 1, 2019, SunPower Corporation (the “Company”) and Manavendra Sial, the Company’s Executive Vice President and Chief Financial Officer, entered into a letter agreement (the “Agreement”). The Agreement, among other things, provides for the acceleration of vesting of certain of Mr. Sial’s equity awards in the event that Mr. Sial is terminated without cause prior to December 5, 2020. The affected awards consist of restricted stock units covering 205,000 shares of the Company’s common stock and performance restricted stock units covering 20,000 shares of the Company’s common stock. In addition, the Agreement provides for relocation assistance for Mr. Sial substantially in accordance with the Company’s existing policy for senior executives. The Agreement will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the current fiscal quarter.

About SunPower Corporation (NASDAQ:SPWR)

SunPower Corporation is a global energy company. The Company provides solar technology to residential, commercial and utility customers worldwide. The Company operates through three segments: Residential Segment, Commercial Segment and Power Plant Segment. The Company designs, manufactures, and sells rooftop and ground-mounted solar power systems under construction and development agreements. It offers post-installation systems monitoring and maintenance in connection with its construction contracts and commercial power purchase. The Company offers SunPower InvisiMount residential mounting system in its product portfolio. The Company offers Helix system, which is a pre-engineered, modular solution that combines its solar module technology with plug-and-play power stations, cable management systems and mounting hardware that enables customers to scale their solar programs with minimal business disruption. It offers modular solar power block, the Oasis system.