Claim Form – Lordstown Bankruptcy Settlement

1. To recover as a member of the Ohio Settlement Class based on your settled claims in connection with the above captioned voluntary bankruptcy petitions under Chapter 11 of Title 11 of the U.S. Bankruptcy Code (“Chapter 11 Cases”), and claims against certain of the Debtors and David Hamamoto (“Settling Defendants”) in the related proposed class action In re Lordstown Motors Corp. Sec. Litig., No. 4:21-cv-00616 (N.D. Ohio) (“Ohio Securities Litigation”), you must complete and, on page 28, sign the Ohio Securities Litigation Proof of Claim form (the “Ohio Claim Form” or “Claim Form”) or submit this online Claim Form by clicking Next below and following all the instructions. If you fail to submit a timely and properly addressed (as explained in paragraph 2 below) Claim Form, your claim may be rejected and you may not receive any recovery from the Net Ohio Securities Litigation Settlement Fund created in connection with the proposed Settlement. Submission of this Claim Form, however, does not assure that you will share in the proceeds of the Settlement or that you are eligible for a recovery.

2. THE CLAIM FORM, ACCOMPANIED BY COPIES OF THE DOCUMENTS REQUESTED, MUST BE SUBMITTED ONLINE BY CLICKING NEXT BELOW AND FOLLOWING ALL THE INSTRUCTIONS NO LATER THAN JULY 20, 2024 OR, IF MAILED, BE POSTMARKED NO LATER THAN JULY 20, 2024, AS FOLLOWS:

Lordstown Bankruptcy Settlement
c/o Strategic Claims Services
600 N. Jackson Street, Suite 205
Media, PA 19063
Telephone: (866) 274-4004
Fax: (610) 565-7985
Email: info@strategicclaims.net
www.strategicclaims.net/lordstown/

3. If you are a member of the Ohio Settlement Class and you do not timely and validly request exclusion in response to the Postcard Notice, you are bound by and subject to all orders entered by the Bankruptcy Court about the Settlement, including the releases provided therein, WHETHER OR NOT YOU SUBMIT A CLAIM FORM OR RECEIVE A PAYMENT.

4. Copies of a long-form Notice detailing the Settlement may be downloaded at www.strategicclaims.net/lordstown/. The Notice describes the proposed Settlement, and the manner in which the Net Ohio Securities Litigation Settlement Fund will be distributed if the Settlement and Plan of Allocation are approved by the Bankruptcy Court.

Do Not Call the Bankruptcy Court, Lordstown Motors Corp. (“LMC”) or the Debtors’ Claims and Noticing Agent with Questions About this Claim Form.

5. If you: (i) purchased or otherwise acquired LMC’s publicly traded Class A Common Stock (ticker: RIDE and prior ticker: “DPHC”), LMC’s publicly traded warrants (ticker: “RIDEW” and prior ticker: “DPHCW”), LMC’s publicly traded units (ticker: “DPHCU”), or any exchange-traded option to purchase or sell LMC’s publicly traded Class A Common Stock during the period from August 3, 2020 through July 2, 2021, inclusive (“Ohio Settlement Class Period” or “Class Period”), and were damaged thereby; and/or (ii) held LMC’s publicly traded Class A Common Stock (ticker: “RIDE” and prior ticker: “DPHC”) on September 21, 2020, and held the security in your name, you are the beneficial owner as well as the record owner. If, however, you purchased or acquired LMC Securities through a third party, such as a brokerage firm, you are the beneficial owner and the third party is the record owner.

6. Use Part A of this form entitled “Claimant Identification” to identify each beneficial owner of LMC Securities that forms the basis of this claim. THIS CLAIM MUST BE FILED BY THE ACTUAL BENEFICIAL OWNERS OR THE LEGAL REPRESENTATIVE OF SUCH OWNERS.

7. All joint owners must sign this claim. Executors, administrators, guardians, conservators, legal representatives, and trustees must complete and sign this claim on behalf of persons represented by them and their authority must accompany this claim and their titles or capacities must be stated. The Social Security (or taxpayer identification) number and telephone number of the beneficial owner may be used in verifying the claim. Failure to provide the foregoing information could delay verification of your claim or result in rejection of the claim.

8. Use Parts B through E of this form entitled “Schedule of Transactions in LMC Securities” to supply all required details of your transaction(s) in LMC Securities.

9. On the schedules, provide all of the requested information with respect to your holdings, purchases, and sales of LMC Securities, including whether the transactions resulted in a profit or a loss. Failure to report all such transactions may result in the rejection of your claim.

10. The date of covering a “short sale” is deemed to be the date of purchase of LMC’s publicly traded common stock. The date of a “short sale” is deemed to be the date of sale.

11. On October 23, 2020, the Company issued and sold an aggregate of 50 million shares of LMC common stock in connection with the closing of a business combination (“PIPE Transaction”). Purchases pursuant to this PIPE Transaction will have a Recognized Loss Amount of zero, notwithstanding any other calculation herein.

12. LMC common stock traded under the symbol “DPHC” through October 22, 2020 and experienced a symbol change to “RIDE” on October 23, 2020. LMC warrants traded under the symbol “DPHCW” through October 22, 2020 and experienced a symbol change to “RIDEW” on October 23, 2020. LMC units traded under the symbol “DPHCU” until the units were delisted on October 23, 2020. All outstanding LMC warrants were redeemed for LMC common stock on January 15, 2021.

13. LMC common stock experienced a 1 for 15 reverse stock split on May 23, 2023. Where Claim Form documentation contains post-split figures, the Ohio Settlement Claims Administrator will adjust the shares and prices to their pre-split equivalents.

14. Copies of broker confirmations or other documentation of your transactions must be submitted with your claim. Failure to provide this documentation could delay verification of your claim or result in rejection of your claim. THE PARTIES DO NOT HAVE INFORMATION ABOUT YOUR TRANSACTIONS IN LMC SECURITIES.

15. NOTICE REGARDING INSTITUTIONAL FILERS: Certain filers submitting claims on behalf of other beneficial owners (“Representative Filers”) with large numbers of transactions may request to, or may be asked to, submit information regarding their transactions in electronic files. (This is different than the online claim portal on the Ohio Settlement Claims Administrator’s website.) All such Representative Filers MUST also submit a manually signed paper Claim Form whether or not they also submit electronic copies. Claims should be combined on a legal entity basis, where applicable. Sub-accounts should be rolled up into a parent account if the sub-accounts contain the same tax identification number. If you are a Representative Filer and wish to submit your claim electronically, you must contact the Ohio Settlement Claims Administrator at (866) 274-4004 or visit their website at https://www.strategicclaims.net/institutional-filers/ to obtain the required file layout. No electronic files will be considered to have been properly submitted unless the Ohio Settlement Claims Administrator issues to the Claimant a written acknowledgment of receipt and acceptance of electronically submitted data.

16. NOTICE REGARDING ONLINE FILING: Claimants who are not Representative Filers may submit their claims online using this electronic version of the Claim Form by clicking Next below and following all the instructions. If you are not acting as a Representative Filer, you do not need to contact the Ohio Settlement Claims Administrator prior to filing. You will receive an automated e-mail confirming receipt once your Claim Form has been submitted. If you are unsure if you should submit your claim as a Representative Filer, please contact the Ohio Settlement Claims Administrator at info@strategicclaims.net or (866) 274-4004. If you are not a Representative Filer, but your claim contains a large number of transactions, the Ohio Settlement Claims Administrator may request that you also submit an electronic spreadsheet showing your transactions to accompany your Claim Form.

The Ohio Settlement Claims Administrator will use this information for all communications about this Claim Form. If this information changes, you MUST notify the Ohio Settlement Claims Administrator in writing at the address above. Complete names of all persons and entities must be provided.

Below is a summary of the transactions you entered. Your Beginning Holdings plus Purchases minus Sales and Ending Holdings should equal zero. Please correct any errors below to ensure that all transactions are accounted for.

17. By signing and submitting this Ohio Claim Form, the Claimant(s) or the person(s) acting on behalf of the Claimant(s) certify(ies) that: I (We) submit this Ohio Claim Form under the terms of the Plan of Allocation described in the Notice available at www.strategicclaims.net/lordstown/. I (We) also submit to the jurisdiction of the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) with respect to my (our) claim as an Ohio Settlement Class Member(s) and for purposes of enforcing the releases set forth in the Ohio Securities Litigation Settlement. I (We) further acknowledge that I (we) will be bound by and subject to the terms of any final order entered in connection with the Ohio Securities Litigation Settlement, including the releases set forth therein. I (We) agree to furnish additional information to the Ohio Settlement Claims Administrator to support this claim, such as additional documentation for transactions in LMC Securities, if required to do so. I (We) have not submitted any other claim covering the same transactions in LMC Securities during the Class Period and know of no other person having done so on my (our) behalf.

By signing and submitting this Ohio Claim Form, the Claimant(s) or the person(s) acting on behalf of the Claimant(s) certify(ies) as follows:

18. I (We) hereby warrant and represent that I am (we are) an Ohio Settlement Class Member as defined in the Settlement, that I am (we are) not excluded from the Ohio Settlement Class, that I am (we are) not one of the “Released Parties” as defined in the Notice.

19. As an Ohio Settlement Class Member, I (we) hereby acknowledge full and complete satisfaction of, and do hereby fully, finally, and forever compromise, settle, release, resolve, relinquish, waive, and discharge with prejudice the Released Claims as to each and all of the Released Parties (as these terms are defined in the Settlement). This release shall be of no force or effect unless and until the Debtors’ Plan becomes effective.

20. I (We) hereby warrant and represent that I (we) have not assigned or transferred or purported to assign or transfer, voluntarily or involuntarily, any matter released pursuant to this release or any other part or portion thereof.

21. I (We) hereby warrant and represent that I (we) have included information about all of my (our) purchases and sales of LMC Securities that occurred during the relevant periods and the number of LMC Securities held by me (us), to the extent requested.

22. I (We) certify that I am (we are) NOT subject to backup tax withholding.

23. I (We) declare under penalty of perjury under the laws of the United States of America that all of the foregoing information supplied by the undersigned is true and correct.