PRE-FUNDED ORDINARY SHARE PURCHASE WARRANT RECON TECHNOLOGY, LTD.Recon Technology, LTD • March 20th, 2023 • Oil & gas field services, nec
THIS PRE-FUNDED ORDINARY SHARE PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _____________ or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and until this Warrant is exercised in full (the “Termination Date”) but not thereafter, to subscribe for and purchase from Recon Technology, Ltd, a company incorporated under the laws of the Cayman Islands (the “Company”), up to ______ Class A ordinary shares of the Company, par value US$0.0925 per share, (as subject to adjustment hereunder, the “Warrant Shares”). The purchase price of one Ordinary Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • March 20th, 2023 • Recon Technology, LTD • Oil & gas field services, nec • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of March 15, 2023, between Recon Technology, Ltd., a company incorporated under the laws of the Cayman Islands (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively the “Purchasers”).
Mr. Shenping Yin Chief Executive Officer Room 601, 1 Shui’an South Street Chaoyang District, Beijing, 100012 China Dear Mr. Yin:Recon Technology, LTD • March 20th, 2023 • Oil & gas field services, nec • New York
This letter (the “Agreement”) constitutes the agreement between Maxim Group LLC (“Maxim” or the “Placement Agent”) and Recon Technology, Ltd., a company incorporated under the laws of the Cayman Islands (the “Company”), pursuant to which the Placement Agent shall serve as the placement agent for the Company, on a “reasonable best efforts” basis, in connection with the proposed placement (the “Placement”) of Class A ordinary shares of the Company, par value US$0.0925 per share (“Shares”), warrants (“Ordinary Shares Warrants”) to purchase Shares of the Company, and pre-funded warrants (the “Pre-Funded Warrants”, collectively with the Ordinary Shares Warrants, the “Warrants”) to purchase Shares of the Company (the Shares underlying the Pre-Funded Warrants and the Ordinary Shares Warrants, the “Warrant Shares”). The Shares, Warrants, and the Warrant Shares are collectively referred to as the “Securities”. The terms of the Placement and the Securities shall be mutually agreed upon by the Co
ORDINARY SHARE PURCHASE WARRANT RECON TECHNOLOGY, LTD.Recon Technology, LTD • March 20th, 2023 • Oil & gas field services, nec
THIS ORDINARY SHARE PURCHASE WARRANT (the “Warrant”) certifies that, for value received, [_______]. or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the Issuance Date (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York City time) on September [ ], 2028 (the “Termination Date”) but not thereafter, to subscribe for and purchase from Recon Technology, Ltd, a company incorporated under the laws of the Cayman Islands (the “Company”), up to [ ] shares (as subject to adjustment hereunder, the “Warrant Shares”) of Class A ordinary shares of the Company, par value US$0.0925 per share (“Ordinary Shares”). The purchase price of one Warrant Share shall be equal to the Exercise Price, as defined in Section 2(b).
Floor 4, Willow House, Cricket Square Grand Cayman KY1- By Email 9010 Cayman Islands To certain Purchasers (as defined below) signatory to the Agreement (as defined below) D +852 3708 3016 T +1 345 949 2648 and F +1 345 949 8613 E...Recon Technology, LTD • March 20th, 2023 • Oil & gas field services, nec
We are Cayman Islands counsel for Recon Technology, Ltd, a Cayman Islands corporation (the “Company”), in connection with the engagement letter entered into on 13 March 2023 by and between the Company and Maxim Group LLC to serve as placement agent in raising up to an aggregate of US$ 8,002,000 through an offering (the “Offering”) of 8,827,500 Class A ordinary shares in the capital of the Company, $0.0925 par value per share (the “Ordinary Shares,” such Ordinary Shares offered, the “Shares”), pre-funded warrants to purchase 1,175,000 Ordinary Shares (the “Pre-Funded Warrants”) and warrants to purchase 10,002,500 Ordinary Shares (the “Warrants”). In connection with the Offering, the Company has entered into Securities Purchase Agreements with certain accredited investors (collectively, the “Investors”) and the Shares and the Pre-Funded Warrants will be issued and sold under the registration statement on Form F-3 (File No. 333-268657) filed with the Securities and Exchange Commission (th
