Termination of Material Agreement (Form 8-K)

Item 1.02. Termination of a Material Definitive Agreement.

On November 6, 2026, MicroVision, Inc. (the "Company") entered into a Termination Agreement (the "Lease Termination Agreement") with Redmond East Office Park LLC ("Landlord") pursuant to which the Company and Landlord agreed to terminate, effective November 30, 2026, two lease agreements for properties located in Redmond, Washington. One of the leases was used for product testing and offices, covered approximately 17,000 square feet of space, and had an initial term of 128 months commencing November 1, 2021. The second of the leases was used for offices and engineering labs, covered approximately 36,000 square feet of space, and had an initial term of 120 months commencing December 1, 2022. (Together, the two leases are referred to as the "Redmond Leases.")

Prior to the Lease Termination Agreement, the Redmond Leases were set to expire on November 30, 2032 and June 30, 2032, respectively. Termination of the Redmond Leases is expected to reduce Company obligations by approximately $12.8 million, comprised of a reduction of balance sheet liability of approximately $10.6 million and a reduction of future cash consideration for the Lease Termination Agreement, (i) the Company agreed to pay Landlord a cash payment of $561,973 and (ii) Landlord drew down and retained the full amount of the Company's security deposit in the approximate amount of $915,775.

The foregoing summary of the Lease Termination Agreement does not purport to be complete and is qualified in its entirety by the full text of the Lease Termination Agreement, a copy of which the Company intends to file with its Annual Report on Form 10-K for the year ending December 31, 2026.

Item 8.01. Other Events.

As of November 12, 2026, the aggregate principal balance outstanding on the Company's senior secured convertible notes due March 2028 was approximately $7.8 million, which is a reduction of nearly 80% from the original principal on such notes of $43.0 million at issuance in February 2026.