SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • February 23rd, 2023 • Vision Marine Technologies Inc. • Ship & boat building & repairing • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of February 17, 2023, between Vision Marine Technologies Inc., a corporation incorporated under the Quebec Business Corporations Act (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively the “Purchasers”).
PLACEMENT AGENCY AGREEMENTPlacement Agency Agreement • February 23rd, 2023 • Vision Marine Technologies Inc. • Ship & boat building & repairing • New York
COMMON SHARE PURCHASE WARRANT Vision Marine Technologies Inc.Common Share Agreement • February 23rd, 2023 • Vision Marine Technologies Inc. • Ship & boat building & repairing
THIS COMMON SHARE 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 August 21, 2023 (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York City time) on February 21, 2026 (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 (as subject to adjustment hereunder, the “Warrant Shares”) Common Shares. The purchase price of one Common Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
