UNDERWRITING AGREEMENTUnderwriting Agreement • May 31st, 2022 • ClearSign Technologies Corp • Industrial instruments for measurement, display, and control • New York
The undersigned, ClearSign Technologies Corporation, a corporation formed under the laws of the State of Washington (the “Company”), hereby confirms its agreement (this “Agreement”) with Newbridge Securities Corporation (hereinafter referred to as “you” or the “Underwriter”) as follows:
clirSPV LLC May 26, 2022Waiver of Notice Requirement and Participation Right • May 31st, 2022 • ClearSign Technologies Corp • Industrial instruments for measurement, display, and control
Pursuant to Section 2 of Appendix IV of that certain Stock Purchase Agreement (the “Agreement”) entered into on July 12, 2018 between ClearSign Technologies Corporation (the “Company”) and clirSPV LLC (the “Investor”), the Investor has a right to participate, on terms and conditions no different from those offered to other purchasers, its pro rata portion of any new Equity Securities, other than those securities defined in the Agreement as Excluded Securities, that the Company may from time to time propose to issue or sell for the purpose of raising capital (the “Participation Right”). Terms not otherwise defined herein shall have the meanings as assigned to them in the Agreement.
