PHOENIX MOTOR INC. WARRANT TO PURCHASE COMMON STOCKWarrant Agreement • February 15th, 2024 • Phoenix Motor Inc. • Truck & bus bodies • New York
THIS CERTIFIES THAT, for value received and subject to the terms and conditions set forth below, Gaoan Capital Management, LLC, or assigns (the “Holder”), is entitled to subscribe for and purchase at the Exercise Price (defined below) from Phoenix Motor Inc., a Delaware corporation, with its principal office at 1500 Lakeview Loop, Anaheim, CA 92807 (the “Company”) 600,000 shares of the Common Stock of the Company (the “Common Stock”), subject to adjustment as provided herein. This Warrant is being issued pursuant to the terms of the Securities Purchase Agreement, dated January 4, 2024, by and among the Company and the original Holder of this Warrant and the other parties named therein (the “Purchase Agreement”). Capitalized terms not otherwise defined herein shall have the respective meanings ascribed to such terms in the Purchase Agreement.
