0001628280-19-014948 Sample Contracts

SECURITY AGREEMENT
Security Agreement • December 11th, 2019 • Workhorse Group Inc. • Motor vehicles & passenger car bodies • New York

THIS SECURITY AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”) dated as of December 9, 2019 among Workhorse Group Inc., a Nevada corporation (the “Grantor”), and HT Investments MA, LLC, a Delaware limited liability company, in its capacity as collateral agent for the benefit of the Holders (as defined below) (together with its successors and assigns in such capacity, the “Secured Party”).

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