FORM OF ORDINARY SHARES PURCHASE WARRANT XIAOBAI MAIMAI INC.Xiaobai Maimai Inc. • August 12th, 2021 • Finance lessors
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 January [ ], 2022 (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York City time) on January [ ], 2027 (the “Termination Date”) but not thereafter, to subscribe for and purchase from Xiaobai Maimai Inc., a Cayman Islands company (the “Company”), up to three Ordinary Shares (as subject to adjustment hereunder, the “Warrant Shares”). This Warrant is part of units (“Units”), each Unit consisting of one ordinary share, no par value, (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 [ ], 2021 among the Company and the purchasers signatory thereto, as amended from time
