Lead Counsel for Lead Plaintiff Timothy M. Ronald Reagan Federal Building and United States Courthouse Your objection(s) must be postmarked on or before July 3, 2023, to the Court, Lead Counsel Kahn Swick & Foti, LLC, and Counsel for Defendants, at the following addresses: Please note that if you exclude yourself from the Settlement Class and decide to pursue your own action individually, you may not be able to pursue certain claims due to the expiration of certain applicable statutes of repose. All Members of the Settlement Class who have not timely and validly requested exclusion from the Settlement Class will be bound by any judgment entered in the Action pursuant to the terms and conditions of the Stipulation of Settlement. If you desire to be excluded from the Settlement Class, you must submit a Request for Exclusion postmarked by July 3, 2023, in the manner and form explained in the detailed Notice referred to above. If you are a Settlement Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release electronically by, or mail it postmarked no later than, July 3, 2023, establishing that you are entitled to recovery. The Notice contains details about this Action and Settlement, including what you must do to file a Proof of Claim, exclude yourself from the Settlement, or object to the Settlement. You may also obtain copies of these documents by writing to or by calling the Claims Administrator toll-free at 1-84. Please visit the website at obtain copies of the Notice of Pendency and Proposed Settlement ("Notice") and the Proof of Claim and Release. ("Workhorse" or the "Company") common stock (trading symbol "WKHS") between Maand May 10, 2021, inclusive, your rights may be affected by the Settlement of this Action. (1) whether the proposed Settlement for the sum of $35,000,000 ( $15,000,000 in cash and $20,000,000 in shares of Workhorse common stock) should be approved by the Court as fair, reasonable, and adequate (2) whether, after the hearing, this Action should be dismissed with prejudice pursuant to the terms and conditions set forth in the Stipulation of Settlement dated Janu(3) whether the proposed Plan of Allocation is fair, reasonable, and adequate and should be approved and (4) whether the application of Lead Counsel for the payment of attorneys' fees and reimbursement of expenses incurred in this Action, and an application of Lead Plaintiff and Additional Plaintiff for compensatory awards, should be approved. Carney in Courtroom 9B of the Ronald Reagan Federal Building and United States Courthouse, 411 West Fourth Street, Santa Ana, CA 92701, for the purpose of determining: YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Central District of California, that a hearing will be held on July 24, 2023, at 1:30 p.m., before the Honorable Cormac J. COMMON STOCK (TRADING SYMBOL "WKHS") BETWEEN MAAND MAY 10, 2021, INCLUSIVE TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED WORKHORSE GROUP, INC.
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