COMMON SHARE PURCHASE WARRANT VISION MARINE TECHNOLOGIES INC.Securities Agreement • January 29th, 2024 • Investissement Quebec • Ship & boat building & repairing
THIS COMMON SHARE PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Investissement Québec 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 January 15, 2024 (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (Montreal time) on January 15, 2029 (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 2,857,142 Common Shares (as subject to adjustment hereunder, the “Warrant Shares”). The purchase price of one Common Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
