VISION MARINE TECHNOLOGIES INC. UNDERWRITING AGREEMENTUnderwriting Agreement • November 13th, 2023 • Vision Marine Technologies Inc. • Ship & boat building & repairing • New York
The undersigned, Vision Marine Technologies Inc., a corporation organized under the laws of Quebec, Canada (the “Company”), hereby confirms its agreement (this “Agreement”) to issue and sell to the underwriter or underwriters, as the case may be, named in Schedule I hereto (each, an “Underwriter” and, collectively, the “Underwriters”), for whom Joseph Gunnar & Co., LLC is acting as representative (in such capacity, the “Representative”), an aggregate of [ ] common shares (the “Firm Shares” or “Firm Securities”), no par value, of the Company (the “Common Shares”). The Underwriters, severally and not jointly, agree to purchase from the Company the number of Firm Securities set forth opposite their respective names on Schedule A attached hereto and made a part hereof at a purchase price of $[ ] per Firm Share. The Firm Securities are to be offered initially to the public at the offering price set forth on the cover page of the Prospectus (as defined below).
COMMON SHARE PURCHASE WARRANT VISION MARINE TECHNOLOGIES INC.Representative Warrant Agreement • November 13th, 2023 • Vision Marine Technologies Inc. • Ship & boat building & repairing
THIS COMMON SHARE PURCHASE WARRANT (“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 _________ (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 Original Issuance Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Vision Marine Technologies Inc., a corporation organized under the laws of Quebec, Canada (the “Company”), up to ______ common shares (the “Warrant Shares”)1 no par value, of the Company (the “Common 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).
