Document:

Exhibit 4.1

 

		SEE REVERSE FOR IMPORTANT NOTICE REGARDING OWNERSHIP AND TRANSFER RESTRICTIONS AND CERTAIN OTHER INFORMATION INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE COMMON STOCK CUSIP654110 10 5 SEE REVERSE FOR CERTAIN DEFINITIONS SPECIMEN FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK, $0.0001 PAR VALUE, OF Nikola CorporatioN, transferable on the books of the Company in Person or by duly authorized attorney, upon surrender of this Certificate properly endorsed. This Certificate and the shares represented hereby, are issued and shall be held subject to all of the provisions of the Certificate of Incorporation, as amended, and the Bylaws, as amended, of the Company (copies of which are on file with the Company and with the Transfer Agent), to all of which each holder, by acceptance hereof, assents. This Certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar. WITNESS the facsimile signatures of its duly authorized officers. 2020 PRESIDENT and CHIEF EXECUTIVE OFFICER SECRETARY 0000001 

 

    

    

    

		JT TEN Shares of the common stock represented by this Certificate and do hereby irrevocably constitutes and appoint Attorney, to transfer the said stock on the books of the within-named Company with full power of substitution in the premises.Exhibit 4.2

 

[Form of Warrant Certificate]

[FACE]

Number

Warrants

THIS WARRANT SHALL BE VOID IF NOT EXERCISED PRIOR TO

THE EXPIRATION OF THE EXERCISE PERIOD PROVIDED FOR

IN THE WARRANT AGREEMENT DESCRIBED BELOW

NIKOLA CORPORATION

Incorporated Under the Laws of the State of Delaware

 

CUSIP ____________

 

Warrant Certificate

 

This Warrant Certificate
certifies that                 ,
or registered assigns, is the registered holder of            redeemable
warrant(s) evidenced hereby (the “Warrants” and each, a “Warrant”) to
purchase shares of common stock, $0.0001 par value per share (“Common Stock”), of Nikola
Corporation, a Delaware corporation (the “Company”).  Each
Warrant entitles the holder, upon exercise during the period set forth in the Warrant Agreement referred to below, to receive
from the Company that number of fully paid and non-assessable shares of Common Stock asset forth below, at the exercise price
(the “Exercise Price”) as determined pursuant to the Warrant Agreement, payable in lawful money (or
through “cashless exercise” as provided for in the Warrant Agreement) of the United States of
America upon surrender of this Warrant Certificate and payment of the Exercise Price at the office or agency of the Warrant
Agent referred to below, subject to the conditions set forth here in and in the Warrant Agreement.  Defined
terms used in this Warrant Certificate but not defined here in shall have the meanings given to them in the Warrant
Agreement.

 

Each whole Warrant is initially exercisable
for one fully paid and non-assessable share of Common Stock.  No fractional shares of Common Stock will be issued upon exercise
of any Warrant.  If, upon the exercise of Warrants, a holder would be entitled to receive a fractional interest in a share
of Common Stock, the Company will, upon exercise, round down to the nearest whole number the number of shares of Common Stock to
be issued to the Warrant holder.  The number of shares of Common Stock issuable upon exercise of the Warrants is subject to
adjustment upon the occurrence of certain events set forth in the Warrant Agreement.

 

The initial Exercise Price per share of
Common Stock for any Warrant is equal to $11.50 per share.  The Exercise Price is subject to adjustment upon the occurrence
of certain events set forth in the Warrant Agreement.

 

Subject to the conditions set forth in the
Warrant Agreement, the Warrants may be exercised only during the Exercise Period and to the extent not exercised by the end of
such Exercise Period, such Warrants shall become void.  The Warrants may be redeemed, subject to certain conditions, as set
forth in the Warrant Agreement.

 

Reference is hereby made to the further
provisions of this Warrant Certificate set forth on the reverse hereof and such further provisions shall for all purposes have
the same effect as though fully set forth at this place.

 

This Warrant Certificate shall not be valid
unless countersigned by the Warrant Agent, as such term is used in the Warrant Agreement.

 

    1 

     

    

 

This Warrant Certificate shall be governed
by and construed in accordance with the internal laws of the State of New York.

 

	 	NIKOLA
    CORPORATION
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 
	 	CONTINENTAL
STOCK TRANSFER & TRUST COMPANY, as Warrant Agent
	 	 
	 	By:	                 
	 	Name:	 
	 	Title:	 

 

     

     

    

 

[Form of Warrant Certificate]

[Reverse]

 

The Warrants evidenced by this Warrant Certificate
are part of a duly authorized issue of Warrants entitling the holder on exercise to receive                         
shares of Common Stock and are issued or to be issued pursuant to a Warrant Agreement dated as of May 15, 2018 (the “Warrant
Agreement”), duly executed and delivered by the Company to Continental Stock Transfer & Trust Company, a
New York corporation, as warrant agent (the “Warrant Agent”), which Warrant Agreement is hereby incorporated
by reference in and made a part of this instrument and is hereby referred to for a description of the rights, limitation of rights,
obligations, duties and immunities thereunder of the Warrant Agent, the Company and the holders (the words “holders”
or “holder” meaning the Registered Holders or Registered Holder, respectively) of the Warrants. 
A copy of the Warrant Agreement may be obtained by the holder hereof upon written request to the Company.  Defined terms used
in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement.

 

Warrants may be exercised at any time during
the Exercise Period set forth in the Warrant Agreement.  The holder of Warrants evidenced by this Warrant Certificate may
exercise them by surrendering this Warrant Certificate, with the form of election to purchase set forth hereon properly completed
and executed, together with payment of the Exercise Price as specified in the Warrant Agreement (or through “cashless exercise”
as provided for in the Warrant Agreement) at the principal corporate trust office of the Warrant Agent.  In the event that
upon any exercise of Warrants evidenced hereby the number of Warrants exercised shall be less than the total number of Warrants
evidenced hereby, there shall be issued to the holder hereof or his, her or its assignee, a new Warrant Certificate evidencing
the number of Warrants not exercised.

 

Notwithstanding anything else in this Warrant
Certificate or the Warrant Agreement, no Warrant may be exercised unless at the time of exercise (i) a registration statement
covering the shares of Common Stock to be issued upon exercise is effective under the Securities Act and (ii) a prospectus
thereunder relating to the shares of Common Stock is current, except through “cashless exercise” as provided for in
the Warrant Agreement.

 

The Warrant Agreement provides that upon
the occurrence of certain events the number of shares of Common Stock issuable upon exercise of the Warrants set forth on the face
hereof may, subject to certain conditions, be adjusted.  If, upon exercise of a Warrant, the holder thereof would be entitled
to receive a fractional interest in a share of Common Stock, the Company shall, upon exercise, round down to the nearest whole
number of shares of Common Stock to be issued to the holder of the Warrant.

 

Warrant Certificates, when surrendered at
the principal corporate trust office of the Warrant Agent by the Registered Holder thereof in person or by legal representative
or attorney duly authorized in writing, may be exchanged, in the manner and subject to the limitations provided in the Warrant
Agreement, but without payment of any service charge, for another Warrant Certificate or Warrant Certificates of like tenor evidencing
in the aggregate a like number of Warrants.

 

Upon due presentation for registration of
transfer of this Warrant Certificate at the office of the Warrant Agent a new Warrant Certificate or Warrant Certificates of like
tenor and evidencing in the aggregate a like number of Warrants shall be issued to the transferee(s) in exchange for this
Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without charge except for any tax or other governmental
charge imposed in connection therewith.

 

The Company and the Warrant Agent may deem
and treat the Registered Holder(s) hereof as the absolute owner(s) of this Warrant Certificate (notwithstanding any notation
of ownership or other writing hereon made by anyone), for the purpose of any exercise hereof, of any distribution to the holder(s) hereof,
and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary. 
Neither the Warrants nor this Warrant Certificate entitles any holder hereof to any rights of a stockholder of the Company.Exhibit 4.5

 

LOCK-UP
AGREEMENT

 

This
Lock-Up Agreement (this “Agreement”) is made and entered into as of June 3, 2020 (the “Effective Date”)
by and among Nikola Corporation, a Delaware corporation f/k/a VectoIQ Acquisition Corp. (the “Company”) and
the person or entity identified under the heading “Holder” on the signature page hereto (the “Holder”).
Any capitalized term used but not defined herein will have the meaning ascribed to such term in the Business Combination Agreement
(as defined below).

 

RECITALS

 

WHEREAS,
the Company, VCTIQ Merger Sub Corp., a Delaware corporation and Nikola Subsidiary Corporation, a Delaware corporation f/k/a Nikola
Corporation (“Nikola”), are party to that certain Business Combination Agreement dated as of March 2, 2020
(the “Business Combination Agreement”), pursuant to which, on the Effective Date, Merger Sub is merging (the
 “Merger”) with and into Nikola, with Nikola surviving the Merger as a wholly owned subsidiary of the Company;

 

WHEREAS,
the Holder is receiving shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”),
on or about the date hereof, pursuant to the Business Combination Agreement in exchange for shares of Nikola held by the Holder
(the “Prior Nikola Shares”);

 

WHEREAS,
the Holder has previously entered into (a) that certain Fourth Amended and Restated Stockholder Agreement by and between Nikola
and the other parties listed therein, dated September 30, 2019 (the “Stockholder Agreement”) and/or (b) one
or more option agreements issued under Nikola’s 2017 Stock Option Plan (the “Option Agreements”);

 

WHEREAS,
the Stockholder Agreement and each of the Option Agreements contained certain sale and transfer restrictions on Prior Nikola Shares
for a period of 180 days following an initial public offering of Nikola’s common stock or, in the case of the Option Agreements,
such other period of time as may be determined by the board of directors of Nikola (the “Original Lock-Up Restrictions”);
and

 

WHEREAS,
the Company and Holder desire to enter into this Agreement to provide for restrictions on the sale or transfer of the Common Stock
received in the Merger that are similar to the Original Lock-Up Restrictions that applied to Prior Nikola Shares held by Holder;

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements contained herein, the parties agree as follows:

 

     

     

    

 

ARTICLE
I

LOCK-UP

 

Section
1.1      Lock-Up. Except as permitted by Section 1.2, for a period of 180 days from the
Effective Date (the “Lock-up Period”), the Holder shall not Transfer (as defined below) any shares of Common
Stock beneficially owned or owned of record by such Holder. As

used
herein “Transfer” shall mean to, directly or indirectly, sell, transfer, assign, pledge, encumber, hypothecate
or similarly dispose of, either voluntarily or involuntarily, or to enter into any contract, option or other arrangement or understanding
with respect to the sale, transfer, assignment, pledge, encumbrance, hypothecation or similar disposition of, any interest owned
by a person or any interest (including a beneficial interest) in, or the ownership, control or possession of, any interest owned
by a person.

 

Section
1.2      Exceptions.      The provisions of Section 1.1 shall
not apply to:

 

1.2.1      transactions
relating to shares of Common Stock acquired in open market transactions;

 

1.2.2      Transfers
of shares of Common Stock or any security convertible into or exercisable or exchangeable for Common Stock as a bona fide gift;

 

1.2.3      Transfers
of shares of Common Stock to a trust, or other entity formed for estate planning purposes for the primary benefit of the spouse,
domestic partner, parent, sibling, child or grandchild of the Holder or any other person with whom the Holder has a relationship
by blood, marriage or adoption not more remote than first cousin;

 

1.2.4      Transfers
by will or intestate succession upon the death of the Holder;

 

1.2.5      the
Transfer of shares of Common Stock pursuant to a qualified domestic order or in connection with a divorce settlement;

 

1.2.6      if
the Holder is a corporation, partnership (whether general, limited or otherwise), limited liability company, trust or other business
entity, (i) Transfers to another corporation, partnership, limited liability company, trust or other business entity that controls,
is controlled by or is under common control or management with the Holder, (ii) distributions of shares of Common Stock to partners,
limited liability company members or stockholders of the Holder;

 

1.2.7      Transfers
to the Company’s officers, directors or their affiliates;

 

1.2.8      pledges
of shares of Common Stock as security or collateral in connection with any borrowing or the incurrence of any indebtedness by
any Holder (provided such borrowing or incurrence of indebtedness is secured by a portfolio of assets or equity interests issued
by multiple issuers);

 

1.2.9      pursuant
to a bona fide third-party tender offer, merger, stock sale, recapitalization, consolidation or other transaction involving a
Change in Control (as defined below) of the Company, provided that in the event that such tender offer, merger, recapitalization,
consolidation or other such transaction is not completed, the Common Stock subject to this Agreement shall remain subject to this
Agreement; “Change in Control” means the transfer (whether by tender offer, merger, stock purchase, consolidation
or other similar transaction), in one transaction or a series of related transactions, to a person or group of affiliated persons
of the Company’s voting securities if, after such transfer, such person or group of affiliated persons would hold more than
50% of outstanding voting securities of the Company (or surviving entity) or would otherwise have the power to control the board
of directors of the Company or to direct the operations of the Company; and

 

    2 

     

    

 

1.2.10      the
establishment of a trading plan pursuant to Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as it may be amended
from time to time, provided that such plan does not provide for the transfer of Common Stock or any securities convertible into
or exercisable or exchangeable for Common Stock during the Lock-Up Period.

 

provided,
that in the case of any Transfer or distribution pursuant to Sections 1.2.2 through 1.2.7, each donee, distributee or other transferee
shall agree in writing, in form and substance reasonably satisfactory to the Company, to be bound by the provisions of this Agreement.

 

ARTICLE
II

GENERAL PROVISIONS

 

Section
2.1      Entire Agreement. This Agreement constitutes the entire understanding and agreement
between the parties as to the matters covered herein and supersedes and replaces any prior understanding, agreement or statement
of intent, in each case, written or oral, of any and every nature with respect thereto.

 

Section
2.2      Assignment; No Third-Party Beneficiaries. This Agreement and the rights, duties and
obligations of the Company hereunder may not be assigned or delegated by the Company in whole or in part. This Agreement and the
provisions hereof shall be binding upon and shall inure to the benefit of each of the parties and the permitted assigns of the
applicable holder of Common Stock or of any assignee of the applicable holder of Common Stock. No assignment by any party hereto
of such party’s rights, duties and obligations hereunder shall be binding upon or obligate the Company unless and until
the Company shall have received (i) written notice of such assignment and (ii) the written agreement of the assignee, in a form
reasonably satisfactory to the Company, to be bound by the terms and provisions of this Agreement (which may be accomplished by
an addendum or certificate of joinder to this Agreement).

 

Section
2.3      Counterparts. This Agreement may be executed in one or more counterparts, all of which
shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each
of the parties and delivered to the other parties, it being understood that all parties need not sign the same counterpart and
such counterparts may be delivered by the parties hereto via facsimile or electronic transmission.

 

Section
2.4      Amendment; Waiver. This Agreement may be amended or modified, and any provision hereof
may be waived, in whole or in part, at any time pursuant to an agreement in writing executed by the Company and the Holder.

 

Section
2.5      Severability. In the event that any provision of this Agreement or the application
thereof becomes or is declared by a court of competent jurisdiction to be illegal, void or unenforceable, the remainder of this
Agreement will continue in full force and effect and the application of such provision to other persons or circumstances will
be interpreted so as reasonably to effect the intent of the parties hereto.

 

    3 

     

    

 

Section
2.6      Governing Law; Venue. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of Delaware applicable to contracts executed in and to be performed in that State. All legal actions
and proceedings arising out of or relating to this Agreement shall be heard and determined exclusively in any Delaware Chancery
Court; provided, that if jurisdiction is not then available in the Delaware Chancery Court, then any such legal action may be
brought in any federal court located in the State of Delaware or any other Delaware state court.

 

Section
2.7      Specific Performance. Each party acknowledges and agrees that the other parties hereto
would be irreparably harmed and would not have any adequate remedy at law in the event that any of the provisions of this Agreement
were not performed by such first party in accordance with their specific terms or were otherwise breached by such first party.
Accordingly, each party agrees that the other parties hereto shall be entitled to an injunction or injunctions to prevent breaches
of this Agreement and to enforce specifically the terms and provisions of this Agreement, this being in addition to any other
remedy to which such parties are entitled at law or in equity.

 

(Next
Page is Signature Page)

 

    4 

     

    

 

IN
WITNESS WHEREOF, each of the parties has executed this Agreement as of the date first written above.

 

 

 

	 	COMPANY:
	 	 
	 	NIKOLA
    CORPORATION
	 	 
	 	 
	 	By:	 
	 	Name:   	Mark
    A. Russell
	 	Title:	President
    and Chief Executive Officer
	 	 
	 	Address
    for Notice: 4141 E. Broadway Rd. Phoenix AZ 85040

 

    

     

    

 

IN
WITNESS WHEREOF, each of the parties has executed this Agreement as of the date first written above.

 

	 	 	 
	 	HOLDER:
	 	 	 
	 	Name:   	 
	 	 	 
	 	By:	
		 	Name:
	 	 	Title:

 

 

	 	Address
    for Notice:	 
	 	  	 
	 	Telephone
    No.:	 
	 	 	 
	 	Facsimile
    No.:	 
	 	Email Address:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00310-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00310-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00310-of-00352.parquet"}]]