PRELIMINARY DRAFT FOR THE SPECIAL MEETING IN LIEU OF THE 2020 ANNUAL MEETING OF STOCKHOLDERS OF VECTOIQ ACQUISITION CORP. THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints [•] and [•] (together, the “Proxies”), and each of them independently, with full power of substitution, as proxies to vote the shares that the undersigned is entitled to vote (the “Shares”) at the special meeting in lieu of the 2020 annual meeting (the “special meeting”) of stockholders of VectoIQ Acquisition Corp. (“VectoIQ”) to be held on [•], 2020 at 10:00 a.m., Eastern time, at the offices of Greenberg Traurig, LLP, 200 Park Avenue, New York, NY 10166, and at any adjournments and/or postponements thereof. The Shares shall be voted as indicated with respect to the proposals listed below hereof and in the Proxies’ discretion on such other matters as may properly come before the special meeting or any adjournment or postponement thereof. The undersigned acknowledges receipt of the accompanying proxy statement and revokes all prior proxies for said meeting. P R O X Y THE SHARES REPRESENTED BY THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO SPECIFIC DIRECTION IS GIVEN AS TO THE PROPOSALS, THIS PROXY WILL BE VOTED “FOR” EACH OF PROPOSAL NOS. 1, 2 (including each of the sub-proposals), 3, 4, 5, 6 AND 7. The proxy statement is available at http://[•]. The proxy statement contains important information regarding each of the proposals listed below. You are encouraged to read the proxy statement carefully. PLEASE MARK, SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY. Please mark vote as indicated in this example VECTOIQ ACQUISITION CORP. – THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” PROPOSAL NOS. 1, 2 (including each of the sub-proposals), 3, 4, 5, 6 AND 7. (1) The Business Combination Proposal – To approve and adopt the Business Combination Agreement, dated as of March 2, 2020 (as may be amended from time to time, the “Business Combination Agreement”), by and among VectoIQ, Nikola Corporation (“Nikola”) and VCTIQ Merger Sub Corp. (“Merger Sub”), and the transactions contemplated thereby (the “Business Combination”). FOR AGAINST ABSTAIN (2) The Amendments to VectoIQ’s Certificate of Incorporation Proposal – To approve the amendment of VectoIQ’s Amended and Restated Certificate of Incorporation (the “Charter”) to be effective upon the consummation of the Business Combination, including the following sub-proposals: (a) To change VectoIQ’s name to “Nikola Corporation”; FOR AGAINST ABSTAIN (b) To increase the number of authorized shares of VectoIQ Common Stock to 600,000,000 and the number of authorized shares of VectoIQ’s preferred stock to 150,000,000 shares; FOR AGAINST ABSTAIN (c) To approve the choice of forum provisions; FOR AGAINST ABSTAIN (d) To include supermajority voting provisions; FOR AGAINST ABSTAIN (e) To remove the provision renouncing the corporate opportunity doctrine; FOR AGAINST ABSTAIN (f) To revise the classification of the board of directors from two classes with each of the successors to be elected for a two-year FOR AGAINST ABSTAIN
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