SECURITY AGREEMENTSecurity Agreement • December 11th, 2019 • Workhorse Group Inc. • Motor vehicles & passenger car bodies • New York
Contract Type FiledDecember 11th, 2019 Company Industry JurisdictionTHIS 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”).