PURCHASE WARRANT VIVOPOWER INTERNATIONAL PLCSecurity Agreement • June 13th, 2023 • VivoPower International PLC • Electric & other services combined
THIS PURCHASE WARRANT (the “Warrant”) certifies that, for value received, the ASEAN Foundation 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 VivoPower International PLC, a public limited company incorporated under the law of England and Wales (the “Company”), up to 869,411 ordinary shares, nominal value $0.012 (the “Ordinary Shares”) (as subject to adjustment hereunder, the “Warrant Shares”). This Warrant is to purchase Ordinary Shares (the “Warrants”) pursuant to that certain Subscription Agreement, dated as of June 9, 2023 (the “Subscription Date”) by and between the Company and investors party thereto.
