UNDERWRITING AGREEMENT between FORZA X1, INC. and THINKEQUITY LLC as Representative of the Several Underwriters FORZA X1, INC.Underwriting Agreement • June 9th, 2023 • Forza X1, Inc. • Ship & boat building & repairing • New York
The undersigned, Forza X1, Inc., a corporation formed under the laws of the State of Delaware (collectively with its subsidiaries and affiliates, including, without limitation, all entities disclosed or described in the Registration Statement (as hereinafter defined) as being subsidiaries or affiliates of Forza X1, Inc., the “Company”), hereby confirms its agreement (this “Agreement”) with ThinkEquity LLC (hereinafter referred to as “you” (including its correlatives) or the “Representative”) and with the other underwriters named on Schedule 1 hereto for which the Representative is acting as representative (the Representative and such other underwriters being collectively called the “Underwriters” or, individually, an “Underwriter”) as follows:
WARRANT TO PURCHASE COMMON STOCK FORZA X1, INC.Representative’s Warrant Agreement • June 9th, 2023 • Forza X1, Inc. • Ship & boat building & repairing
THIS WARRANT TO PURCHASE COMMON STOCK (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, in accordance with FINRA Rule 5110(g)(8)(A), prior to at 5:00 p.m. (New York time) on the date that is five (5) years following the Commencement Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Forza X1, Inc., a Delaware corporation (the “Company”), up to ______ shares of Common Stock, par value $0.001 per share, of the Company (the “Warrant Shares”), as subject to adjustment hereunder. 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).
Form of Representative’s Warrant AgreementWarrant Agreement • July 29th, 2022 • Forza X1, Inc. • Ship & boat building & repairing
THIS WARRANT TO PURCHASE COMMON STOCK (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 ____, 2022 (the “Initial Exercise Date”) and, in accordance with FINRA Rule 5110(g)(8)(A), prior to at 5:00 p.m. (New York time) on the date that is five (5) years following the Commencement Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Forza X1, Inc., a Delaware corporation (the “Company”), up to ______ shares of Common Stock, par value $0.001 per share, of the Company (the “Warrant Shares”), as subject to adjustment hereunder. 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).
EMPLOYMENT AGREEMENTEmployment Agreement • March 13th, 2024 • Forza X1, Inc. • Ship & boat building & repairing • Florida
THIS EMPLOYMENT AGREEMENT (the “Agreement”), effective as of December 18, 2021 (the “Effective Date”) of Forza X1, Inc., a Delaware corporation, with its principal place of business located at 3101 S. US-1, Ft. Pierce, Florida 34982 (the “Company”), is entered into by and between Daniel Norton, an individual currently residing in North Carolina (“Executive”), and the Company. Except as otherwise defined herein, capitalized terms and phrases shall have the meaning described thereto in Section 13 of this Agreement.
FORM OF FORZA X1, INC. INDEMNIFICATION AGREEMENTIndemnification Agreement • August 16th, 2022 • Forza X1, Inc. • Ship & boat building & repairing • Delaware
This Indemnification Agreement (the “Agreement”) is made as of [____], 2022, by and between Forza X1, Inc., a Delaware corporation (the “Company”), and [____] (“Indemnitee”).
TRANSITION SERVICES AGREEMENTTransition Services Agreement • August 16th, 2022 • Forza X1, Inc. • Ship & boat building & repairing • Delaware
THIS TRANSITION SERVICES AGREEMENT (the “Agreement”) is dated as of August 16, 2022 by and between Forza X1, Inc. (“Forza”) and Twin Vee PowerCats Co. (“Twin Vee” and, together with Forza, the “Parties” and, each of them individually, the “Party”).
ASSIGNMENT OF LAND CONTRACTAssignment of Land Contract • March 17th, 2022 • Forza X1, Inc. • Ship & boat building & repairing
WHEREAS, TWIN VEE POWERCATS CO., and CBL, LLC entered into that certain Contract for Sale and Purchase dated October 7, 2021 (the “Contract”), for the purchase of the property located at 6105 St. Lucie Blvd, Ft. Pierce, FL (the “Property”);
ASSIGNMENT OF ASSETSAssignment of Assets • March 17th, 2022 • Forza X1, Inc. • Ship & boat building & repairing • Florida
This Assignment of Assets (“Agreement”) is effective as of October 15, 2021 (the “Effective Date”) by Twin Vee PowerCats Co., a Delaware corporation (“Assignor”) and Forza X1, Inc., a Delaware corporation and wholly owned subsidiary of Assignor (“Assignee”).
AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • July 25th, 2022 • Forza X1, Inc. • Ship & boat building & repairing
THIS AMENDMENT TO EMPLOYMENT AGREEMENT (the “Amendment”) is entered into as of the 22nd day of July, 2022, by and between Forza X1, Inc., a Delaware corporation, with its principal place of business located at 3101 S. US-1, Ft. Pierce, Florida 34982 (the “Company”) and Jim Leffew, an individual currently residing in South Carolina (“Executive”).
MANAGEMENT AGREEMENT FOR FORZA X1Management Agreement • December 23rd, 2021 • Forza X1, Inc. • Florida
THIS MANAGEMENT AGREEMENT (this “Agreement”) is executed effective as of October 1, 2021 (the “Commencement Date”), by and between Forza X1, Inc. a Delaware corporation (“Company”), and Twin Vee PowerCats Co., a Delaware corporation (“Manager”).
