X0306 4 2020-10-23 0 0001759546 Lordstown Motors Corp. RIDE 0001828074 Spencer Dale Gene C/O LORDSTOWN MOTORS CORP. 2300 HALLOCK YOUNG ROAD LORDSTOWN OH 44481 1 0 0 0 Non-Qualified Stock Option (Right to Buy) 1.79 2020-10-23 4 A 0 139704 A 2030-02-14 Class A Common Stock 139704 139704 D The options were received in exchange for options to purchase 2,500 shares of Lordstown EV Corporation (f/k/a Lordstown Motors Corp.) pursuant to the Agreement and Plan of Merger, dated August 1, 2020 (the "Merger Agreement"), among DiamondPeak Holdings Corp. (which subsequently changed its name to Lordstown Motors Corp., the "Issuer"), DPL Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of the Issuer ("Merger Sub"), and Lordstown EV Corporation (f/k/a Lordstown Motors Corp.) ("Legacy Lordstown"). Pursuant to the Merger Agreement, Merger Sub merged with and into Legacy Lordstown, with Legacy Lordstown surviving as the surviving company and as a wholly owned subsidiary of the Issuer. 27,940 options are fully vested and exercisable. 55,882 options vest on February 14, 2021, and 55,882 options vest on February 14, 2022. /s/ Thomas V. Canepa, Attorney-in-Fact 2020-10-26