FORM OF ORDINARY SHARES PURCHASE WARRANT UTIME LIMITEDUTime LTD • November 3rd, 2023 • Electronic & other electrical equipment (no computer equip)
THIS ORDINARY SHARES 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 ________, 2023 (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York City time) on ________, 2028 (the “Termination Date”) but not thereafter, to subscribe for and purchase from UTime Limited, a Cayman Islands company (the “Company”), up to one Ordinary Share (as subject to adjustment hereunder, the “Warrant Shares”). This Warrant is part of units (“Units”), each Unit consisting of one ordinary share, par value $ US$0.0001 per share, (the “Ordinary Shares”) and Warrant (the “Warrant”) to purchase up to three Ordinary Shares, issued pursuant to that certain Securities Purchase Agreement (the “Purchase Agreement”) dated as of ________, 2023 among the Company and the purchasers signatory thereto, as amended
