1,500,000 UNITS EACH UNIT CONSISTING OF ONE SHARE OF COMMON STOCK and ONE WARRANT TO PURCHASE ONE SHARE OF COMMON STOCK WORKSPORT LTD. UNDERWRITING AGREEMENTUnderwriting Agreement • July 30th, 2021 • Worksport LTD • Motor vehicle parts & accessories • New York
The undersigned, WORKSPORT LTD., a company incorporated under the laws of Nevada (the “Company”), hereby confirms its agreement (this “Agreement”) with the several underwriters (such underwriters, including the Representative (as defined below), the “Underwriters” and each an “Underwriter”) named in Schedule I hereto for which MAXIM GROUP LLC (“Maxim”) is acting as representative to the several Underwriters (in such capacity, the “Representative” and if there are no Underwriters other than the Representative, references to multiple Underwriters shall be disregarded and the term Representative as used herein shall have the same meaning as Underwriter) on the terms and conditions set forth herein.
Representative’s Warrant AgreementRepresentative’s Warrant Agreement • July 30th, 2021 • Worksport LTD • Motor vehicle parts & accessories
THIS WARRANT TO PURCHASE COMMON STOCK (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 [ ] [ ], 2022 (the “Initial Exercise Date”) and, in accordance with FINRA Rule 5110(g)(8)(A), prior to [ ] [ ], 2024 at 5:00 p.m. (New York time), which is the date that is three (3) years following the commencement of sales of the offering pursuant to which this Warrant is being issued (the “Termination Date”) but not thereafter, to subscribe for and purchase from WORKSPORT, LTD., a Nevada corporation (the “Company”), up to [______] shares of common stock, par value $0.0001 per share, of the Company (the “Warrant Shares”), as subject to adjustment hereunder. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
