LOAN AGREEMENTLoan Agreement • July 10th, 2018 • Workhorse Group Inc. • Motor vehicles & passenger car bodies • Nevada
THIS LOAN AGREEMENT (this “Agreement”) dated as of July 6, 2018 (the “Effective Date”), between _______________, a Cayman Islands exempted limited partnership (“Lender”), and WORKHORSE GROUP INC., a Nevada corporation (“Borrower”), provides the terms on which Lender shall lend to Borrower and Borrower shall repay Lender. The parties agree as follows:
GUARANTEE AND COLLATERAL AGREEMENTGuarantee and Collateral Agreement • July 10th, 2018 • Workhorse Group Inc. • Motor vehicles & passenger car bodies • New York
THIS GUARANTEE AND COLLATERAL AGREEMENT (this “Agreement”), dated as of July 6, 2018, made by WORKHORSE GROUP INC., a Nevada corporation (“Borrower”), each of its Subsidiaries signatory hereto (together with any other entity that may become a party hereto as provided herein, the “Guarantors” and each, a “Guarantor” and together with Borrower, the “Grantors” and each, a “Grantor”), in favor of _____________, a Cayman Islands exempted limited partnership (“Lender”), as the lender under the Loan Agreement, dated as of the date hereof (as amended, amended and restated, supplemented, restructured or otherwise modified, renewed or replaced from time to time, the “Loan Agreement”), between Borrower and Lender.
INTELLECTUAL PROPERTY SECURITY AGREEMENTIntellectual Property Security Agreement • July 10th, 2018 • Workhorse Group Inc. • Motor vehicles & passenger car bodies • New York
THIS INTELLECTUAL PROPERTY SECURITY AGREEMENT (as amended, amended and restated, supplemented or otherwise modified from time to time, the “IP Security Agreement”) dated as of July 6, 2018, is made by WORKHORSE GROUP INC., a Nevada corporation (“Borrower”), WORKHORSE TECHNOLOGIES INC., an Ohio corporation (“WH Technologies”), WORKHORSE PROPERTIES INC., an Ohio corporation (“WH Properties”), WORKHORSE MOTOR WORKS INC., an Indiana corporation (“WH MW”), and SUREFLY, INC., a Delaware corporation (“Surefly” and together with Borrower, WH Technologies, WH Properties, and WH MW, collectively, the “Grantors” and each individually a “Grantor”) in favor of _______, a Cayman Islands exempted limited partnership (“Lender”), as lender under that certain Loan Agreement dated as of the date hereof between Borrower and Lender (as amended and restated, supplemented or otherwise modified from time to time, the “Loan Agreement”). Terms defined in the Loan Agreement and not otherwise defined herein are u
