COMMON SHARE PURCHASE WARRANT VICINITY MOTOR CORP. (Incorporated under the laws of the Province of British Columbia)Common Share Purchase Warrant • October 21st, 2021 • Vicinity Motor Corp • Motor vehicles & passenger car bodies • New York
THIS COMMON SHARE 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 the date hereof (the “Initial Exercise Date”) and on or prior to 5:30 p.m. (New York City time) on the three (3) year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Vicinity Motor Corp., a British Columbia corporation (the “Company”), up to [______] Common Shares (as defined below) (as subject to adjustment hereunder, the “Warrant Shares”) of the capital of the Company. The purchase price of one Warrant Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b). This Warrant is one of the Warrants (collectively, the “Warrants”) issued by the Company in connection with an offering of securities pursuant to that certain
3,990,610 UNITS CONSISTING OF One Common Share and ONE-HALF OF A WARRANT TO PURCHASE ONE COMMON SHARE VICINITY MOTOR CORP. UNDERWRITING AGREEMENTUnderwriting Agreement • October 21st, 2021 • Vicinity Motor Corp • Motor vehicles & passenger car bodies • New York
Vicinity Motor Corp., a British Columbia corporation (the “Company”), proposes to issue and sell, subject to the terms and conditions stated herein, to Spartan Capital Securities, LLC (the “Underwriter”), an aggregate of 3,990,610 units (the “Units”), with each Unit consisting of (i) one common share, without par value (each, a “Common Share”), and (ii) one-half of a warrant, with each whole warrant entitling the holder to purchase one Common Share (the “Warrants”). The 3,990,610 Common Shares to be issued under this Agreement are herein referred to as the “Shares.” The Common Shares issuable upon exercise of the Warrants are collectively referred to as the “Warrant Shares.” The Units, the Shares, the Warrants and, where applicable, the Warrant Shares, are collectively referred to as the “Securities.” The offering and sale of the Units to the Underwriter as contemplated herein is referred to as the “Offering.” The Units will immediately separate into Shares and Warrants upon closing of
