PRE-FUNDED COMMON SHARE PURCHASE WARRANT VISION MARINE TECHNOLOGIES INC.Vision Marine Technologies Inc. • December 4th, 2023 • Ship & boat building & repairing • New York
THIS PRE-FUNDED 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 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 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).
VISION MARINE TECHNOLOGIES INC. UNDERWRITING AGREEMENTUnderwriting Agreement • December 4th, 2023 • Vision Marine Technologies Inc. • Ship & boat building & repairing • New York
The undersigned, Vision Marine Technologies Inc., a corporation organized under the laws of Quebec, Canada (the "Company"), hereby confirms its agreement (this “Agreement”) to issue and sell to the underwriter or underwriters, as the case may be, named in Schedule I hereto (each, an “Underwriter” and, collectively, the “Underwriters”), for whom Joseph Gunnar & Co., LLC is acting as representative (in such capacity, the “Representative”), an aggregate of (i) [ ] common shares (the “Firm Shares”), no par value, of the Company (the “Common Shares”), (ii) [ ] pre-funded warrants (each a “Pre-Funded Warrant” and collectively, the “Pre-Funded Warrants”), with each Pre-Funded Warrant exercisable to purchase one Common Share (the “Pre-Funded Warrant Shares”) at a remaining exercise price of $0.001 per share and (iii) warrants to purchase [ ] Common Shares (each a “Warrant” and collectively, the “Warrants”). The Firm Shares, Pre-Funded Warrants and Warrants are referred to herein as the “Firm S
WARRANT AGREEMENTWarrant Agreement • December 4th, 2023 • Vision Marine Technologies Inc. • Ship & boat building & repairing • New York
This Warrant Agreement made as of December [_____], 2023, is between Vision Marine Technologies Inc, a [_______] corporation, with offices at [_______] (the “Company”), and VStock Transfer, LLC, with offices at 18 Lafayette Place, Woodmere, New York (the “Warrant Agent”).
