Browse EX-10 agreements

WORKHORSE GROUP INC.

VALUE CREATION INCENTIVE PLAN

AWARD NOTICE

(2026 Form)

[Insert Date]

[Insert Name of Participant]

Dear [Participant]:

    You have been granted an award (the “Award”) under the Company’s Value Creation Incentive Plan (the “Plan”) with respect to the applicable Performance Period, Target Award and Performance Goals specified below. Capitalized terms that are not defined in this Award Notice have the meanings given to them in the Plan. This Award Notice and the Award are subject in all respects to the terms and conditions of the Plan, which is incorporated herein by reference.

As provided in the Plan, you are eligible to earn an Actual Award contingent upon your continued employment with the Company and the applicable level of achievement of the Performance Goals during the Performance Period.

Performance Period: October 1, 2026 – September 30, 2031;provided however, that the Performance Period will terminate upon any earlier Change in Control.

Target Award: $____________.

…

Certain information marked [***] has been omitted pursuant to Item 601(a)(6) of Regulation S-K because disclosure would constitute a clearly unwarranted invasion of personal privacy.

Officer Independent Contractor Agreement

(ICA)

(EigenQ Inc. – Independent Contractor)

1. Recitals

This Independent Contractor Agreement (“Agreement”) is made effective as of March 13, 2025 (“Effective Date”) by and between:

(i) EigenQ Inc., a Delaware corporation with its principal place of business at 9175 Guilford Rd, Ste 300, Columbia, MD 21046, USA (“Company” or “EigenQ”); and

(ii) Dr. Jesse Van Griensven Thé, an independent contractor with a principal place of business or residence at [***] (“Contractor”).

WHEREAS:

1. Nature of Business

…

EIGENQ INC.

INTELLECTUAL PROPERTY LICENSE WARRANT CONSIDERATION

CASH SETTLEMENT AND AMENDMENT AGREEMENT

Settlement election and cash installment documentation

Between WiseP2P OÜ and EigenQ Inc.

Dated as of May 12, 2026

Execution Version

Key Term	Summary
Existing License Agreement	February 26, 2025 between WiseP2P OÜ and EigenQ Inc.

…

CORRECTIVE AMENDMENT NO. 1

TO

INTELLECTUAL PROPERTY LICENSE WARRANT CONSIDERATION SETTLEMENT,

AMENDMENT AND COMMON STOCK SETTLEMENT WARRANT AGREEMENT

AND THE SETTLEMENT WARRANT

This Corrective Amendment No. 1 (this “Amendment”) is entered into as of August 10, 2026 (the “Amendment Date”), and is effective solely with respect to the corrections and conforming clarifications set forth herein as of May 12, 2026, by and between Lakes Environmental USA Inc., as licensor and holder (“Lakes” or “Holder”), and EigenQ Inc., a Delaware corporation (the “Company”).

WHEREAS, Lakes and the Company are parties to that certain Intellectual Property License Warrant Consideration Settlement, Amendment and Common Stock Settlement Warrant Agreement dated as of May 12, 2026 (the “Settlement Agreement”), including the Contingent Cashless Common Stock Settlement Warrant attached as Exhibit A thereto (the “Settlement Warrant”);

…

** **

Exhibit A (initial licensed technologies and related technical descriptions) has been omitted pursuant to Item 601(a)(5) of Regulation S-K. The registrant agrees to furnish a copy of the omitted schedule to the Securities and Exchange Commission upon request. The location of the omitted information is identified by [***].

EXCLUSIVE LICENSE AGREEMENT

Between

GoQuantum SpA and EigenQ Inc.

This Exclusive License Agreement (the “Agreement”) is made and entered into as of 25 February 2025, by and between:

1. GoQuantum SpA, a company incorporated under the laws of Chile, with its principal place of business at AV LAS CONDES 7700 OF A- 405 PS 4, TORRE A, LAS CONDES, SANTIAGO, CHILE (“Licensor” or “GoQuantum”); and

2. EigenQ Inc, a Delaware corporation, with its principal place of business at 9175 Guilford Rd, Ste 300, Columbia, MD 21046, USA (“Licensee” or “EigenQ”).

…

EXHIBIT A - AMENDMENT AND CONTRACTOR FEE ADDENDUM

(to the Officer Independent Contractor Agreement and related Stock Appreciation Rights documentation)

1. Parties and Background

This Exhibit A - Amendment and Contractor Fee Addendum (this “Addendum”) is made by and among:

1. EigenQ, Inc., a Delaware corporation (“Company” or “EigenQ”);

2. Dr. Jesse Van Griensven Thé, an individual independent contractor (“Contractor”); and

3. QKONSOLT OÜ, an Estonian private limited company, acting through its principal Dr. Jesse Van Griensven Thé (“Contractor Entity”).

This Addendum amends and supplements the Officer Independent Contractor Agreement between the Company and Contractor made effective as of March 13, 2025, together with any exhibits and related Stock Appreciation Rights documentation, as applicable (collectively, the “Existing Agreements”).

…

CORRECTIVE AMENDMENT NO. 1

TO

INTELLECTUAL PROPERTY LICENSE WARRANT CONSIDERATION SETTLEMENT,

AMENDMENT AND COMMON STOCK SETTLEMENT WARRANT AGREEMENT

AND THE SETTLEMENT WARRANT

This Corrective Amendment No. 1 (this “Amendment”) is entered into as of August 10, 2026 (the “Amendment Date”), and is effective solely with respect to the corrections and conforming clarifications set forth herein as of May 12, 2026, by and between GoQuantum SpA, as licensor and holder (“GoQuantum” or “Holder”), and EigenQ Inc., a Delaware corporation (the “Company”).

WHEREAS, GoQuantum and the Company are parties to that certain Intellectual Property License Warrant Consideration Settlement, Amendment and Common Stock Settlement Warrant Agreement dated as of May 12, 2026 (the “Settlement Agreement”), including the Contingent Cashless Common Stock Settlement Warrant attached as Exhibit A thereto (the “Settlement Warrant”);

…

EIGENQ INC.

INTELLECTUAL PROPERTY LICENSE

WARRANT CONSIDERATION SETTLEMENT, AMENDMENT

AND COMMON STOCK SETTLEMENT WARRANT AGREEMENT

Settlement election and common stock warrant documentation

Between Lakes Environmental USA Inc. and EigenQ Inc.

Dated as of May 12, 2026

Execution Version

Key Term	Summary
Existing License Agreement	February 25, 2025 between Lakes Environmental USA Inc. and EigenQ Inc.

…

EIGENQ INC.

INTELLECTUAL PROPERTY LICENSE

WARRANT CONSIDERATION SETTLEMENT, AMENDMENT

AND COMMON STOCK SETTLEMENT WARRANT AGREEMENT

Settlement election and common stock warrant documentation

Between Qombat Ltd and EigenQ Inc.

Dated as of May 12, 2026

Execution Version

Key Term	Summary
Existing License Agreement	February 26, 2025 between Qombat Ltd and EigenQ Inc.

…

Certain information marked [***] has been omitted pursuant to Item 601(a)(6) of Regulation S-K because disclosure would constitute a clearly unwarranted invasion of personal privacy.

Officer Independent Contractor Agreement

(ICA)

(EigenQ Inc. – Independent Contractor)

1. Recitals

This Independent Contractor Agreement (“Agreement”) is made effective as of March 13, 2025 (“Effective Date”) by and between:

(i) EigenQ Inc., a Delaware corporation with its principal place of business at 9175 Guilford Rd, Ste 300, Columbia, MD 21046, USA (“Company” or “EigenQ”); and

(ii) Jose R. Rosas-Bustos, an independent contractor with a principal place of business or residence at [***] (“Contractor”).

WHEREAS:

1. Nature of Business

…

AMENDED AND RESTATED CORRECTIVE AMENDMENT NO. 1

TO

INTELLECTUAL PROPERTY LICENSE WARRANT CONSIDERATION SETTLEMENT,

AMENDMENT AND COMMON STOCK SETTLEMENT WARRANT AGREEMENT

AND THE SETTLEMENT WARRANT

This Amended and Restated Corrective Amendment No. 1 (this “Amendment”) is entered into as of August 12, 2026 (the “Amendment Date”), and is effective solely with respect to the corrections and conforming clarifications set forth herein as of May 12, 2026, by and between Lakes Environmental USA Inc., as licensor and holder (“Lakes” or “Holder”), and EigenQ Inc., a Delaware corporation (the “Company”).

WHEREAS, Lakes and the Company are parties to that certain Intellectual Property License Warrant Consideration Settlement, Amendment and Common Stock Settlement Warrant Agreement dated as of May 12, 2026 (the “Settlement Agreement”), including the Contingent Cashless Common Stock Settlement Warrant attached as Exhibit A thereto (the “Settlement Warrant”);

…

Exhibit A (initial licensed technologies and related technical descriptions) has been omitted pursuant to Item 601(a)(5) of Regulation S-K. The registrant agrees to furnish a copy of the omitted schedule to the Securities and Exchange Commission upon request. The location of the omitted information is identified by [***].

EXCLUSIVE LICENSE AGREEMENT

Between

Lakes Environmental USA Inc and EigenQ Inc.

This Exclusive License Agreement (the “Agreement”) is made and entered into as of 25 February 2025, by and between:

1. Lakes Environmental USA Inc, a corporation organized and existing under the laws of the state of Texas, having its principal place of business at 539 W Commerce Street, Suite 5490, Dallas, TX 75208 (“Licensor” or “Lakes”); and

2. EigenQ Inc, a Delaware corporation, with its principal place of business at 9175 Guilford Rd, Ste 300, Columbia, MD 21046, USA (“Licensee” or “EigenQ”).

…