COMMON STOCK PURCHASE WARRANT SUMMIT WIRELESS TECHNOLOGIES, INC.Common Stock Purchase Agreement • January 20th, 2021 • Summit Wireless Technologies, Inc. • Semiconductors & related devices • New York
THIS COMMON STOCK PURCHASE WARRANT (this “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 January __, 2021 (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York City time) on January __, 2026 (the “Termination Date”) but not thereafter, to subscribe for and purchase from Summit Wireless Technologies, Inc., a Delaware corporation (the “Company”), up to _________________ (_______)1 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). This Warrant is being issued in connection with the Inducement Agreement, pursuant to which the Holder has been solicited to exercise its Initial Warrants and offered this Warrant as inducement and in
Summit Wireless Technologies, Inc.Inducement Offer to Exercise Common Stock Purchase Warrants • January 20th, 2021 • Summit Wireless Technologies, Inc. • Semiconductors & related devices
Summit Wireless Technologies, Inc. (the “Company”) is pleased pursuant to this letter agreement (this “Agreement”) to offer to you the opportunity to exercise all of the common stock purchase warrants of the Company issued to you on or about (i) February 28, 2020 with an exercise price of $2.55 per share (the “February 28th Warrant”), and (ii) November 9, 2020, with an exercise price of $2.55 per share (the “November 9th Warrant”, and together with the February 28th Warrant, the “Existing Warrants”), set forth on the signature page hereto, which are currently held by you (the “Holder”). The Existing Warrants and all of the shares of common stock, par value $0.0001 per share, of the Company (the “Common Stock”) underlying the Existing Warrants (“Existing Warrant Shares”) have been registered pursuant to the Company’s resale registration statements on Form S-3 (File No. 333-239845 and File No. 333-251177), which were declared effective by the U.S. Securities Exchange Commission (the “Com
