Form of Placement Agent’s Warrant AgreementVision Marine Technologies Inc. • September 16th, 2024 • Ship & boat building & repairing
THIS WARRANT TO PURCHASE COMMON SHARES (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 March 15, 2025 (the “Initial Exercise Date”) and, in accordance with FINRA Rule 5110(g)(8)(A), prior to at 5:00 p.m. (New York time) on the date that is five (5) years following the Effective Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Vision Marine Technologies Inc., a Quebec corporation (the “Company”), up to 29,290 Common Shares, without par value per share, of the Company (the “Warrant Shares”), as subject to adjustment hereunder. The purchase price of one Common Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
PLACEMENT AGENCY AGREEMENT between VISION MARINE TECHNOLOGIES INC. and THINKEQUITY LLC VISION MARINE TECHNOLOGIES INC. PLACEMENT AGENCY AGREEMENTPlacement Agency Agreement • September 16th, 2024 • Vision Marine Technologies Inc. • Ship & boat building & repairing • New York
This Placement Agency Agreement (the “Agreement”) sets forth the terms upon which ThinkEquity LLC (“ThinkEquity” or the “Placement Agent”) shall be engaged by Vision Marine Technologies Inc., a corporation formed under the laws of the Province of Quebec (collectively with its subsidiaries and affiliates, including, without limitation, all entities disclosed or described in the Registration Statement (as hereinafter defined) as being subsidiaries or affiliates of Vision Marine Technologies Inc., the “Company”), to act as the exclusive placement agent in connection with the offering (hereinafter referred to as the “Offering”) of up to 3,400,000 Voting Common Shares – Series Investor 1 (the “Shares”) of the Company, with no par value per Voting Common Share (the “Common Shares”) and 0 pre-funded warrants, each to purchase one Common Share at an exercise price of $0.001 until such time as the Pre-Funded Warrant is exercised in full, subject to adjustment as provided in the form attached he
