X0306 4 2019-07-22 0 0001558583 Arcimoto Inc FUV 0001753350 Eisler Jesse Grant C/O ARCIMOTO, INC. 2034 W. 2ND AVENUE EUGENE OR 97402 1 0 0 0 2019 Short-term Notes 4.25 2019-07-22 4 P 0 11765 4.25 A 2019-09-20 Common Stock 11765 11765 D The principal amount due under the Notes is due and payable on the two month anniversary of the date of each Note (the "Maturity Date") in: (a) cash, (b) the Company's common stock (valued at a price of $4.25 per share) or (c) in the event the Company issues convertible promissory notes to third parties before the Maturity Date, in a convertible promissory note on the same terms as purchased by such third parties; in each case at the election of the holder of the Note. Each Note also bears interest, payable at the Maturity Date, equal to $100,000 multiplied by the remainder of (i) the amount of the Note divided by (ii) $600,000. Interest is payable on each Note in: (a) the Company's common stock (valued at $4.25 per share) or (b) in the event the Company issues convertible promissory notes to third parties before the Maturity Date, in a convertible promissory note on the same terms as purchased by the third parties; in each case at the election of the holder. /s/ W. David Mannheim, by Power of Attorney 2019-07-23