FORM OF COMMON STOCK PURCHASE WARRANT REKOR SYSTEMS, INC.Rekor Systems, Inc. • July 27th, 2023 • Communications equipment, nec
THIS COMMON STOCK 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 set forth above (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York City time) on January 25, 2029 (the “Termination Date”) but not thereafter, to subscribe for and purchase from Rekor Systems, Inc., a Delaware corporation (the “Company”), up to 2,850,000 shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
