August 4, 2023 Michael Lohscheller Re: Executive Transition Services Agreement Dear Michael:Letter Agreement • November 2nd, 2023 • Nikola Corp • Motor vehicles & passenger car bodies • Arizona
This letter agreement (the “Letter Agreement”) is intended to document our agreements with respect to the terms of your resignation and as an amendment of certain specific terms of the Executive Compensation Agreement, dated February 2, 2022, between you and Nikola Corporation (the “Company”), as first amended effective as of August 9, 2022, and as amended again effective as of April 3, 2023 (as amended, the “Executive Employment Agreement”). In the event of any conflict between this Letter Agreement and the Executive Employment Agreement, this Letter Agreement shall control. Defined terms shall have the meanings specified in the Executive Employment Agreement unless otherwise defined herein.
