FORM OF ORDINARY SHARES PURCHASE WARRANT UTIME LIMITEDForm of Ordinary Shares • November 15th, 2024 • UTime LTD • Electronic & other electrical equipment (no computer equip)
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 ________, 2024 (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York City time) on ________, 2029 (the “Termination Date”) but not thereafter, to subscribe for and purchase from UTime Limited, a Cayman Islands company (the “Company”), up to ________ Ordinary Shares (as subject to adjustment hereunder, the “Warrant Shares”). This Warrant is part of units (“Units”), each Unit consisting of one ordinary share, par value US$0.0001 per share (the “Ordinary Shares”) and a Warrant (the “Warrant”), each to purchase up to three Ordinary Share, issued pursuant to that certain Securities Purchase Agreement (the “Purchase Agreement”) dated as of November [ ], 2024 among the Company and the purchasers signatory theret
