SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • August 2nd, 2023 • Vision Marine Technologies Inc. • Ship & boat building & repairing • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of July 31, 2023, between Vision Marine Technologies Inc., a corporation incorporated under the Quebec Business Corporations Act (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively the “Purchasers”).
COMMON SHARE PURCHASE WARRANT Vision Marine Technologies Inc.Vision Marine Technologies Inc. • August 2nd, 2023 • Ship & boat building & repairing
THIS COMMON 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 February 2, 2024 (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York City time) on August 3, 2026 (the “Termination Date”) but not thereafter, to subscribe for and purchase from Vision Marine Technologies Inc., a corporation incorporated under the Quebec Business Corporations Act (the “Company”), up to [ ] (as subject to adjustment hereunder, the “Warrant Shares”) Common Shares. The purchase price of one Common Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
