SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • March 15th, 2024 • Workhorse Group Inc. • Motor vehicles & passenger car bodies • Delaware
This SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of March 15, 2024, is by and among Workhorse Group Inc., a Nevada corporation with offices located at 3600 Park 42 Drive, Suite 160E, Sharonville, Ohio 45241 (the “Company”), and each of the investors listed on the Schedule of Buyers attached hereto (individually, a “Buyer” and collectively, the “Buyers”).
SUBSIDIARY GUARANTEESubsidiary Guarantee • March 15th, 2024 • Workhorse Group Inc. • Motor vehicles & passenger car bodies • Delaware
This SUBSIDIARY GUARANTEE (this “Guarantee”) is made as of March 15, 2024, by Workhorse Technologies Inc., an Ohio corporation (“WTI”), Workhorse Motor Works Inc., an Indiana corporation (“WMW”), Workhorse Properties Inc., an Ohio corporation (“WPI”), Horsefly Inc., a Nevada corporation (“Horsefly”), Stables & Stalls LLC, a Delaware limited liability company (“Stables”), Stables & Stalls Real Estate I LLC, a Delaware limited liability company (“Stables Real Estate”), RouteHorse LLC, a Delaware limited liability company (“RouteHorse”) and ESG Logistics Corp., an Ohio corporation (“ESG”, and together with WTI, WMW, WPI, Horsefly, Stables, Stables Real Estate, RouteHorse and any other entity that may become a party hereto as provided herein, collectively, the “Guarantors”, and each, a “Guarantor”), in favor of the Buyers (as defined below) under the Securities Purchase Agreement (as defined below) and the Agent (as defined below) (including their respective successors, transferees and ass
SECURITY AGREEMENTSecurity Agreement • March 15th, 2024 • Workhorse Group Inc. • Motor vehicles & passenger car bodies • Delaware
This SECURITY AGREEMENT dated March 15, 2024 (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, this “Agreement”), is made by Workhorse Group Inc., a Nevada corporation (“Company”), Workhorse Technologies Inc., an Ohio corporation (“WTI”), Workhorse Motor Works Inc., an Indiana corporation (“WMW”), Workhorse Properties Inc., an Ohio corporation (“WPI”), Horsefly Inc., a Nevada corporation (“Horsefly”), Stables & Stalls LLC, a Delaware limited liability company (“Stables”), Stables & Stalls Real Estate I LLC, a Delaware limited liability company (“Stables Real Estate”), RouteHorse LLC, a Delaware limited liability company (“RouteHorse”) and ESG Logistics Corp., an Ohio corporation (“ESG”, and together with Company, WTI, WMW, WPI, Horsefly, Stables, Stables Real Estate, RouteHorse and each such Additional Grantor, collectively, the “Grantors”), to [*] (“[*]”), as collateral agent (in such capacity, together with any duly appointed
