Exhibit 4.2


 


RIGHTS AGREEMENT


 


This Rights Agreement
(this “Agreement”) is made as of February 12, 2020 between Yunhong International, a Cayman Islands company with offices
at 4 – 19/F, 126 Zhong Bei, Wuchang District, Wuhan, China 430061 (the “Company”) and American Stock Transfer
 & Trust Company, LLC, a New York limited liability trust company, with offices at 6201 15th Avenue, Brooklyn,
NY 11219 (“Rights Agent”).


 


WHEREAS, the Company
is engaged in an initial public offering (the “Public Offering”) of units of the Company’s equity securities
(each, a “Unit” and collectively, the “Units”) to Maxim Group LLC (the “Representative”), as
representative of the several underwriters (the “Underwriters”), each such Unit comprised of one Class A ordinary share
of the Company, par value $.001 per share (“Ordinary Share”), one-half of one redeemable warrant, each whole warrant
entitling the holder thereof to purchase one Ordinary Share, and one right to receive one-tenth (1/10) of one Ordinary Share (the
 “Public Rights”) upon the happening of an Exchange Event (defined below), and in connection therewith, the Company
has determined to issue and deliver up to 6,900,000 Public Rights (including up to 900,000 Public Rights subject to the over-allotment
option) to public investors in the Public Offering; and


 


WHEREAS, on February 12, 2020, the Company
entered into certain Unit Subscription Purchase Agreement with LF International Pte. Ltd. (the “Sponsor”), pursuant
to which the Sponsor agreed to purchase an aggregate of 232,500 Units (or 250,500 if the over-allotment option is exercised in
full by the Underwriters) simultaneously with the closing of the Public Offering at a purchase price of $10.00 per Unit and in
connection therewith, will issue and deliver up to an aggregate of 232,500 rights (or 250,500 if the over-allotment option is exercised
in full by the Underwriters) (“Private Placement Rights”); and


 


WHEREAS, in order to finance the Company’s
transaction costs in connection with an intended initial Business Combination (as defined in the Company’s Amended and Restated
Memorandum and Articles of Association), the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers
and directors may, but are not obligated to, loan to the Company funds as the Company may require, of which up to $1,500,000 may
be converted into up to an additional 150,000 Units at a price of $10.00 per Unit, and in connection therewith, the Company will
issue and deliver up to an aggregate of 150,000 rights (the “Working Capital Rights”); and


 


WHEREAS, in connection with the Public Offering,
the Company has agreed to issue and deliver a Unit Purchase Option (“UPO”) to Maxim Group LLC (“Maxim”)
and/or its designees, to purchase up to 345,000 units (the “Representative Units”), which Representative Units includes
up to 345,000 underlying rights (the “Representative Rights”); and


 


WHEREAS, the Company may issue additional
rights that are governed by this Agreement (“Post-IPO Rights” and together with the Private Placement Rights, the Working
Capital Rights, the Representative Rights and the Public Rights, the “Rights”) in connection with, or following the
consummation by the Company of, a Business Combination; and


 


WHEREAS, the Company
has filed with the Securities and Exchange Commission registration statement on Form S-1, File Nos. 333-232432 and 333-236403 (collectively,
the “Registration Statement”), and the prospectus forming a part thereof (collectively, the “Prospectus”),
for the registration under the Securities Act of 1933, as amended, of the Units, each of the securities comprising the Units, and
the Ordinary Shares underlying the Public Rights, the UPO, the Representative Units, each of the securities comprising the Representative
Units and the Ordinary Shares to be issued to the Representative in connection with the Public Offering; and


 


WHEREAS, the Company
desires the Rights Agent to act on behalf of the Company, and the Rights Agent is willing to so act, in connection with the issuance,
registration, transfer and exchange of the Rights; and


 


WHEREAS, the Company
desires to provide for the form and provisions of the Rights, the terms upon which they shall be issued, and the respective rights,
limitation of rights, and immunities of the Company, the Rights Agent, and the holders of the Rights; and


 






     


     


    

 


WHEREAS, all acts and
things have been done and performed which are necessary to make the Rights, when executed on behalf of the Company and countersigned
by or on behalf of the Rights Agent, as provided herein, the valid, binding and legal obligations of the Company, and to authorize
the execution and delivery of this Agreement. 


 


NOW, THEREFORE, in
consideration of the mutual agreements herein contained, the parties hereto agree as follows:


 


1. Appointment of Rights Agent.
The Company hereby appoints the Rights Agent to act as agent for the Company for the Rights, and the Rights Agent hereby accepts
such appointment and agrees to perform the same in accordance with the terms and conditions set forth in this Agreement.


 


 2. Rights.


 


2.1. Form of
Right. Each Right shall be issued in registered form only, shall be in substantially the form of Exhibit A hereto,
the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chairman of the
Board and the Secretary of the Company and shall bear a facsimile of the Company’s seal. In the event the person whose facsimile
signature has been placed upon any Right shall have ceased to serve in the capacity in which such person signed the Right before
such Right is issued, it may be issued with the same effect as if he or she had not ceased to be such at the date of issuance.


 


2.2. Effect
of Countersignature. Unless and until countersigned by the Rights Agent pursuant to this Agreement, a Right shall be invalid
and of no effect and may not be exchanged for Ordinary Shares.


  


2.3. Registration.


 


2.3.1. Right
Register. The Rights Agent shall maintain books (“Right Register”) for the registration of original issuance and
the registration of transfer of the Rights. Upon the initial issuance of the Rights, the Rights Agent shall issue and register
the Rights in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered
to the Rights Agent by the Company.


 


2.3.2. Registered
Holder. Prior to due presentment for registration of transfer of any Right, the Company and the Rights Agent may deem and treat
the person in whose name such Right shall be registered upon the Right Register (“Registered Holder”) as the absolute
owner of such Right and of each Right represented thereby (notwithstanding any notation of ownership or other writing on the Right
Certificate made by anyone other than the Company or the Rights Agent), for the purpose of the exchange thereof, and for all other
purposes, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary.


 


2.4. Detachability
of Rights. The securities comprising the Units, including the Rights, will begin to trade separately on (i) the first trading
day following the 52nd day after the effectiveness of the Registration Statement, or (ii) such earlier date as
the Representative shall determine is acceptable. In no event will separate trading of the securities comprising the Units commence
until the Company (i) files a Current Report on Form 8-K with the SEC including an audited balance sheet reflecting the Company’s
receipt of the gross proceeds of the Public Offering and (ii) issues a press release announcing when such separate trading will
begin.


  


3. Terms and Exchange of Rights


 


3.1. Rights.
Except in cases where the Company is not the surviving entity after the occurrence of an Exchange Event, each holder of a Right
shall automatically receive one-tenth of one Ordinary Share upon consummation of an Exchange Event. No additional consideration
shall be paid by a holder of Rights in order to receive his, her or its Ordinary Shares upon an Exchange Event, as the purchase
price for such Ordinary Shares has been included in the purchase price for the Units. In no event will the Company be required
to net cash settle the Rights or issue fractional Ordinary Shares. The provisions of this Section 3.1 may not be modified, amended
or deleted without the prior written consent of the Representative.


 






     


     


    

 


3.2. Exchange
Event. An “Exchange Event” shall occur upon the Company’s consummation of an initial Business Combination. 


 


3.3. Exchange
of Rights.


 


3.3.1. Issuance
of Certificates. As soon as practicable upon the occurrence of an Exchange Event, the Company shall direct holders of the Rights
to return their Rights Certificates to the Rights Agent. Upon receipt of a valid Rights Certificate, the Company shall make (or
cause to be made) entries in its Register of Members of the Company and issue to the Registered Holder of such Right(s) a certificate
or certificates for the number of full Ordinary Shares to which he, she or it is entitled, registered in such name or names as
may be directed by him, her or it. The Company shall not issue fractional shares upon exchange of Rights. At the time of an Exchange
Event, the Company will either instruct the Rights Agent to round down to the nearest whole Ordinary Share or otherwise inform
it how fractional shares will be addressed in accordance with Cayman Islands law.


 


3.3.2. Valid
Issuance. All Ordinary Shares issued upon an Exchange Event in conformity with this Agreement and the Amended and Restated
Memorandum and Articles of Association of the Company shall be validly issued, fully paid and nonassessable.


  


3.3.3. Date of
Issuance. Each person in whose name any such certificate for Ordinary Shares is issued shall for all purposes be deemed to
have become the holder of record of such shares on the date that the person’s name is entered in the Register of Members
of the Company, which shall be the date of the Exchange Event, irrespective of the date of delivery of such certificate.


 


3.3.4 Company
Not Surviving Following Exchange Event. Upon an Exchange Event in which the Company does not continue as the surviving entity,
each holder of a Right will be required to affirmatively convert his, her or its Rights in order to receive the 1/10 of an Ordinary
Share underlying each Right (without paying any additional consideration) upon consummation of the Exchange Event. Each holder
of a Right will be required to indicate his, her or its election to convert the Rights into the underlying Ordinary Shares as well
as to return the original certificates evidencing the Rights to the Company. 


 


3.5 Duration
of Rights. If an Exchange Event does not occur within the time period set forth in the Company’s Amended and Restated
Memorandum and Articles of Association, as the same may be amended from time to time, the Rights shall expire and shall be worthless.


    


4. Transfer and Exchange of Rights.


 


4.1. Registration
of Transfer. The Rights Agent shall register the transfer, from time to time, of any outstanding Right upon the Right Register,
upon surrender of such Right for transfer, properly endorsed with signatures properly guaranteed and accompanied by appropriate
instructions for transfer. Upon any such transfer, a new Right representing an equal aggregate number of Rights shall be issued
and the old Right shall be cancelled by the Rights Agent. The Rights so cancelled shall be delivered by the Rights Agent to the
Company from time to time upon request.


 


4.2. Procedure
for Surrender of Rights. Rights may be surrendered to the Rights Agent, together with a written request for exchange or transfer,
and thereupon the Rights Agent shall issue in exchange therefor one or more new Rights as requested by the Registered Holder of
the Rights so surrendered, representing an equal aggregate number of Rights; provided, however, that in the event that a Right
surrendered for transfer bears a restrictive legend, the Rights Agent shall not cancel such Right and issue new Rights in exchange
therefor until the Rights Agent has received an opinion of counsel for the Company stating that such transfer may be made and indicating
whether the new Rights must also bear a restrictive legend.


 


4.3. Fractional
Rights. The Rights Agent shall not be required to effect any registration of transfer or exchange which will result in the
issuance of a Right Certificate for a fraction of a Right.


 


4.4. Service
Charges. No service charge shall be made for any exchange or registration of transfer of Rights.


 






     


     


    

 


4.5. Right
Execution and Countersignature. The Rights Agent is hereby authorized to countersign and to deliver, in accordance with the
terms of this Agreement, the Rights required to be issued pursuant to the provisions of this Section 4, and the Company, whenever
required by the Rights Agent, will supply the Rights Agent with Rights duly executed on behalf of the Company for such purpose.  


  


5. Other Provisions Relating to
Rights of Holders of Rights.


 


5.1. No Rights
as Shareholder. Until exchange of a Right for Ordinary Shares as provided for herein, a Right does not entitle the Registered
Holder thereof to any of the rights of a shareholder of the Company, including, without limitation, the right to receive dividends,
or other distributions, exercise any preemptive rights to vote or to consent or to receive notice as shareholders in respect of
the meetings of shareholders or the election of directors of the Company or any other matter. 


 


5.2. Lost,
Stolen, Mutilated, or Destroyed Rights. If any Right is lost, stolen, mutilated, or destroyed, the Company and the Rights Agent
may on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case of a mutilated
Right, include the surrender thereof), issue a new Right of like denomination, tenor, and date as the Right so lost, stolen, mutilated,
or destroyed. Any such new Right shall constitute a substitute contractual obligation of the Company, whether or not the allegedly
lost, stolen, mutilated, or destroyed Right shall be at any time enforceable by anyone.


  


5.3. Reservation
of Ordinary Shares. The Company shall at all times reserve and keep available a number of its authorized but unissued Ordinary
Shares that will be sufficient to permit the exchange of all outstanding Rights issued pursuant to this Agreement.


 


5.4. Adjustments
to Conversion Ratios. The number of Ordinary Shares that the holders of Rights are entitled to receive as a result of the occurrence
of an Exchange Event shall be equitably adjusted to reflect appropriately the effect of any share split, share dividend, reorganization,
recapitalization, reclassification, combination, exchange of shares or other like change with respect to the Ordinary Shares occurring
on or after the date hereof and prior to the Exchange Event.


 


6. Concerning the Rights Agent
and Other Matters.


 


6.1. Payment
of Taxes. The Company will from time to time promptly pay all taxes and charges that may be imposed upon the Company or the
Rights Agent in respect of the issuance or delivery of Ordinary Shares upon the exchange of Rights, but the Company shall not be
obligated to pay any transfer taxes in respect of the Rights or such shares.


  


6.2. Resignation,
Consolidation, or Merger of Rights Agent.


 


6.2.1. Appointment
of Successor Rights Agent. The Rights Agent, or any successor to it hereafter appointed, may resign its duties and be discharged
from all further duties and liabilities hereunder after giving sixty (60) days’ notice in writing to the Company. If the
office of the Rights Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall appoint in writing
a successor Rights Agent in place of the Rights Agent. If the Company shall fail to make such appointment within a period of 30
days after it has been notified in writing of such resignation or incapacity by the Rights Agent or by the holder of the Right
(who shall, with such notice, submit his, her or its Right for inspection by the Company), then the holder of any Right may apply
to the Supreme Court of the State of New York for the County of New York for the appointment of a successor Rights Agent at the
Company’s cost. Any successor Rights Agent, whether appointed by the Company or by such court, shall be a corporation organized
and existing under the laws of the State of New York, in good standing and having its principal office in the Borough of Manhattan,
City and State of New York, and authorized under such laws to exercise corporate trust powers and subject to supervision or examination
by federal or state authority. After appointment, any successor Rights Agent shall be vested with all the authority, powers, rights,
immunities, duties, and obligations of its predecessor Rights Agent with like effect as if originally named as Rights Agent hereunder,
without any further act or deed; but if for any reason it becomes necessary or appropriate, the predecessor Rights Agent shall
execute and deliver, at the expense of the Company, an instrument transferring to such successor Rights Agent all the authority,
powers, and rights of such predecessor Rights Agent hereunder; and upon request of any successor Rights Agent the Company shall
make, execute, acknowledge, and deliver any and all instruments in writing for more fully and effectually vesting in and confirming
to such successor Rights Agent all such authority, powers, rights, immunities, duties, and obligations.



 






     


     


    

 


6.2.2. Notice
of Successor Rights Agent. In the event a successor Rights Agent shall be appointed, the Company shall give notice thereof
to the predecessor Rights Agent and the transfer agent for the Ordinary Shares not later than the effective date of any such appointment.


 


6.2.3. Merger
or Consolidation of Rights Agent. Any corporation into which the Rights Agent may be merged or with which it may be consolidated
or any corporation resulting from any merger or consolidation to which the Rights Agent shall be a party shall be the successor
Rights Agent under this Agreement without any further act.   


  


6.3. Fees and
Expenses of Rights Agent.


 


6.3.1. Remuneration.
The Company agrees to pay the Rights Agent reasonable remuneration for its services as such Rights Agent hereunder and will reimburse
the Rights Agent upon demand for all expenditures that the Rights Agent may reasonably incur in the execution of its duties hereunder.


 


6.3.2. Further
Assurances. The Company agrees to perform, execute, acknowledge, and deliver or cause to be performed, executed, acknowledged,
and delivered all such further and other acts, instruments, and assurances as may reasonably be required by the Rights Agent for
the carrying out or performing of the provisions of this Agreement.


 


6.4. Liability
of Rights Agent.


 


6.4.1. Reliance
on Company Statement. Whenever in the performance of its duties under this Agreement, the Rights Agent shall deem it necessary
or desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder,
such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively
proved and established by a statement signed by the Chief Executive Officer, Chief Operating Officer or Chief Financial Officer
and delivered to the Rights Agent. The Rights Agent may rely upon such statement for any action taken or suffered in good faith
by it pursuant to the provisions of this Agreement.


 


6.4.2. Indemnity.
The Rights Agent shall be liable hereunder only for its own gross negligence, willful misconduct or bad faith. Subject to Section
6.6 below, the Company agrees to indemnify the Rights Agent and save it harmless against any and all liabilities, including judgments,
costs and reasonable counsel fees, for anything done or omitted by the Rights Agent in the execution of this Agreement except as
a result of the Rights Agent’s gross negligence, willful misconduct, or bad faith.


 


6.4.3. Exclusions.
The Rights Agent shall have no responsibility with respect to the validity of this Agreement or with respect to the validity or
execution of any Right (except its countersignature thereof); nor shall it be responsible for any breach by the Company of any
covenant or condition contained in this Agreement or in any Right; nor shall it by any act hereunder be deemed to make any representation
or warranty as to the authorization or reservation of any Ordinary Shares to be issued pursuant to this Agreement or any Right
or as to whether any Ordinary Shares will when issued be valid and fully paid and nonassessable.


 


6.5. Acceptance
of Agency. The Rights Agent hereby accepts the agency established by this Agreement and agrees to perform the same upon the
terms and conditions herein set forth.


 


6.6 Waiver.
The Rights Agent hereby waives any right of set-off or any other right, title, interest or claim of any kind (“Claim”)
in, or to any distribution of, the Trust Account (as defined in that certain Investment Management Trust Agreement, dated as of
the date hereof, by and between the Company and the Rights Agent as trustee thereunder) and hereby agrees not to seek recourse,
reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason whatsoever.


 






     


     


    

  


7. Miscellaneous Provisions.


 


7.1. Successors.
All the covenants and provisions of this Agreement by or for the benefit of the Company or the Rights Agent shall bind and inure
to the benefit of their respective successors and assigns. 


 


7.2. Notices.
Any notice, statement or demand authorized by this Agreement to be given or made by the Rights Agent or by the holder of any Right
to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail
or private courier service within five days after deposit of such notice, postage prepaid, addressed (until another address is
filed in writing by the Company with the Rights Agent), as follows:


 


Yunhong International

4 – 19/F, 126 Zhong Bei,


Wuchang District, Wuhan,


China 430061


Attention: Patrick Orlando, Chief Executive Officer


   


Any notice, statement or demand authorized
by this Agreement to be given or made by the holder of any Right or by the Company to or on the Rights Agent shall be sufficiently
given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five days
after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Rights Agent with the
Company), as follows:


 


American Stock Transfer &
Trust Company, LLC


6201 15th Avenue


Brooklyn, NY 11219

Attention: Relationship Management


  


7.3. Applicable
Law. The validity, interpretation, and performance of this Agreement and of the Rights shall be governed in all respects by
the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of
the substantive laws of another jurisdiction. The Company hereby agrees that any action, proceeding or claim against it arising
out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York or the United
States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall
be exclusive. The Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient
forum. Any such process or summons to be served upon the Company may be served by transmitting a copy thereof by registered or
certified mail, return receipt requested, postage prepaid, addressed to it at the address set forth in Section 7.2 hereof. Such
mailing shall be deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim.


 


7.4. Persons
Having Rights under this Agreement. Nothing in this Agreement expressed and nothing that may be implied from any of the provisions
hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than the parties hereto
and the Registered Holders of the Rights and, for the purposes of Sections 3.1, 7.4 and 7.8 hereof, the Representative, any right,
remedy, or claim under or by reason of this Agreement or of any covenant, condition, stipulation, promise, or agreement hereof.
The Representative shall be deemed to be a third-party beneficiary of this Agreement with respect to Sections 3.1, 7.4 and 7.8
hereof. All covenants, conditions, stipulations, promises, and agreements contained in this Agreement shall be for the sole and
exclusive benefit of the parties hereto (and the Representative with respect to the Sections 3.1, 7.4 and 7.8 hereof) and their
successors and assigns and of the Registered Holders of the Rights. The provisions of this Section 7.4 may not be modified, amended
or deleted without the prior written consent of the Representative.


 


7.5. Examination
of the Right Agreement. A copy of this Agreement shall be available at all reasonable times at the office of the Rights Agent
in the Borough of Manhattan, City and State of New York, for inspection by the Registered Holder of any Right. The Rights Agent
may require any such holder to submit his, her or its Right for inspection by it.


 






     


     


    

 


7.6. Counterparts.
This Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts shall for all
purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 


 


7.7. Effect
of Headings. The Section headings herein are for convenience only and are not part of this Agreement and shall not affect the
interpretation thereof.


 


7.8 Amendments.
This Agreement may be amended by the parties hereto without the consent of any Registered Holder for the purpose of curing any
ambiguity, or of curing, correcting or supplementing any defective provision contained herein or adding or changing any other provisions
with respect to matters or questions arising under this Agreement as the parties may deem necessary or desirable and that the parties
deem shall not adversely affect the interest of the Registered Holders. All other modifications or amendments shall require the
written consent or vote of the Registered Holders of a majority of the then outstanding Rights. The provisions of this Section
7.8 may not be modified, amended or deleted without the prior written consent of the Representative.


  


7.9 Severability.
This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect
the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid
or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Agreement a provision
as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.


   


IN WITNESS WHEREOF,
this Agreement has been duly executed by the parties hereto as of the day and year first above written.


  


	 	YUNHONG INTERNATIONAL
	 	 	 
	 	By:	/s/ Patrick
Orlando
	 	 	Name: Patrick Orlando 
	 	 	Title: Chief Executive Officer
	 	 	 
	 	AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC
	 	 	 
	 	By:	/s/ Michael A. Nespoli
	 	 	Name: Michael A. Nespoli
	 	 	Title:  Executive Director 


  


[Signature Page to Rights Agreement]


 



     


     


    




 


EXHIBIT A


 


Form of Right


 


A-1


  


	NUMBER	RIGHTS



 


YUNHONG INTERNATIONAL 


A CAYMAN ISLANDS COMPANY


 


RIGHTS


 


	 	SEE REVERSE FOR
	 	CERTAIN DEFINITIONS


 


CUSIP G98882 130


 


This Rights Certificate certifies
that                      , or registered assigns, is the registered holder of a right or rights (the “Right”) to
automatically receive one-tenth of one Class A ordinary share, par value $0.001 per share (“Ordinary Share”),
of Yunhong International (the “Company”) for each Right evidenced by this Rights Certificate on the Company’s
completion of an initial business combination (as defined in the final prospectus relating to the Company’s initial public
offering (“Prospectus”) upon surrender of this Rights Certificate pursuant to the Rights Agreement between the Company
and American Stock Transfer & Trust Company, LLC, as Rights Agent (the “Rights Agent”). In no event
will the Company be required to net cash settle any Right or issue a fractional Ordinary Share.


 


Upon liquidation of the Company in the event
an initial business combination is not consummated during the required period as identified in the Company’s Amended and
Restated Memorandum and Articles of Association, the Rights shall expire and be worthless. The holder of a Right shall have no
right or interest of any kind in the Company’s trust account (as defined in the Prospectus).


 


Upon due presentment for registration of
transfer of the Right Certificate at the office or agency of American Stock Transfer & Trust Company, LLC, the Rights Agent,
a new Right Certificate or Right Certificates of like tenor and evidencing in the aggregate a like number of Rights shall be issued
to the transferee in exchange for this Right Certificate, without charge except for any applicable tax or other governmental charge.
The Company shall not issue fractional shares upon exchange of Rights. The Company reserves the right to deal with any fractional
entitlement at the relevant time in any manner (as provided in the Rights Agreement).


 


The Company and the Rights Agent may deem
and treat the registered holder as the absolute owner of this Right Certificate (notwithstanding any notation of ownership or other
writing hereon made by anyone), for the purpose of any conversion hereof, of any distribution to the registered holder, and for
all other purposes, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary.


 


This Right does not
entitle the registered holder to any of the rights of a shareholder of the Company. This Right shall be governed by and construed
in accordance with the internal laws of the State of New York, without regard to conflicts of laws principles thereof.


 






     


     


    

 


	Dated:	 	 
	 	 	 
	 	SEAL	 
	SECRETARY	2020	CHIEF EXECUTIVE OFFICER


 


The following abbreviations, when used in
the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable
laws or regulations: 


 


	TEN COM –	as tenants in common	 	UNIF GIFT MIN ACT -	_____ Custodian ______
	TEN ENT –	as tenants by the entireties	 	 	(Cust)                   (Minor)
	JT TEN –	as joint tenants with right of survivorship and not as tenants in common	 	 	under U.S. Uniform Gifts to Minors Act ______________


 


Additional Abbreviations may also be used
though not in the above list.


 


YUNHONG INTERNATIONAL


 


The Company will furnish without charge
to each security holder who so requests the powers, designations, preferences and relative, participating, optional or other special
rights of each class of equity securities or series thereof of the Company and the qualifications, limitations, or restrictions
of such preferences and/or rights. This certificate and the rights represented thereby are issued and shall be held subject to
all the provisions of the Rights Agreement, Memorandum and Articles of Association and all amendments thereto and resolutions of
the Board of Directors providing for the issuance of securities (copies of which may be obtained from the secretary of the Company),
to all of which the holder of this certificate by acceptance hereof assents.


 


For value received, ___________________________
hereby sell(s), assign(s) and transfer(s) unto


 


PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER
OF ASSIGNEE


 


	 


 


	 
	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE(S))


 


Rights represented by the within Certificate,
and do hereby irrevocably constitute and appoint


 


___________________________________________________________________________________Attorney
to transfer the said rights on the books of the within named Company will full power of substitution in the premises.


 


	Dated	 	 	 
	 	 	 	 
	 	 	 	Notice:	The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.


 


	Signature(s) Guaranteed:
	 
	 
	
        THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR
        INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE
        MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 UNDER THE SECURITIES ACT OF 1933, AS AMENDED).

         

        The holder of this certificate shall have no right or interest
        of any kind in or to the funds held in the Company’s trust fund (as defined in the Prospectus).