13D Filing: Lukens Joseph Theodore Jr and Workhorse Grop Inc. (WKHS)

(1)
As of the date of the event which requires filing of this Schedule 13D, the Reporting Person beneficially owns 8,332,519 shares
of common stock, which includes (i) 6,970,283 shares of common stock held by the New Era Capital Fund L.P. (“New Era”).
New Era Capital LLC (“NEC”) is the General Partner of New Era. Mr. Lukens is the managing member of NEC; (ii) 154,871
shares of common stock held by The Joe & Kim Lukens Foundation; (iii) 25,000 shares of common stock held by the Joseph T Lukens,
Jr. and Gerald Budde, Co-Trustee of the Joseph T. Lukens, Jr. Irrevocable Trust for Nathan J. Lukens U/T/A Dated 2/23/2016; (iv)
25,000 shares of common stock held by the Joseph T Lukens, Jr. and Gerald Budde, Co-Trustee of the Joseph T. Lukens, Jr. Irrevocable
Trust for Roman E. Lukens U/T/A Dated 2/23/2016; (v) a common stock purchase warrant to acquire 571,429 shares of common stock
at $5.28 per share and (vi) a common stock purchase warrant to acquire 585,936 shares of common stock at $3.80 per share held
by New Era.

(2)
Percentage of class calculated based on an aggregate of 41,126,934 shares issued and outstanding as of September 29, 2017.