# EDGAR Filing Document

**Accession Number:** 0002030829
**File Stem:** 0001213900-25-061834
**Filing Date:** 2025-7
**Character Count:** 214191
**Document Hash:** 59ee1f177d399e8431aa813ea0fe3cfe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-061834.hdr.sgml**: 20250707

**ACCESSION NUMBER**: 0001213900-25-061834

**CONFORMED SUBMISSION TYPE**: PRE 14A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250707

**FILED AS OF DATE**: 20250707

**DATE AS OF CHANGE**: 20250707

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIFEEX NEXUS ACQUISITION CORP.
- **CENTRAL INDEX KEY:** 0002030829
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** PRE 14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42425
- **FILM NUMBER:** 251108864

**BUSINESS ADDRESS:**
- **STREET 1:** 221 W 9TH ST
- **STREET 2:** #859
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801
- **BUSINESS PHONE:** 302-235-3848

**MAIL ADDRESS:**
- **STREET 1:** 221 W 9TH ST
- **STREET 2:** #859
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Shepherd Ave Capital Acquisition Corp
- **DATE OF NAME CHANGE:** 20240717

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549**

**SCHEDULE 14A**

**Information Required in Proxy Statement<br> Schedule 14A Information**

**Proxy Statement Pursuant to Section 14(a) of the<br> Securities Exchange Act of 1934**

Filed by the Registrant ☒ <br> Filed by a Party other than the Registrant ☐

Check the appropriate box:

☒ Preliminary Proxy Statement

☐ **Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))**

☐ Definitive Proxy Statement

☐ Definitive Additional Materials

☐ Soliciting Material Pursuant to §240.14a-12

**Aifeex Nexus Acquisition Corporation<br> (Name of Registrant as Specified in its Articles)**

**(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)**

Payment of Filing Fee (Check the appropriate box):

☒ No fee required. <br> ☐ Fee paid previously with preliminary materials. <br> ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

**Aifeex Nexus Acquisition Corporation<br> 221 W 9<sup>th</sup> St #859<br> Wilmington, DE 19801**

**PROXY STATEMENT FOR EXTRAORDINARY GENERAL MEETING OF<br> AIFEEX NEXUS ACQUISITION CORPORATION**

Dear Shareholders of Aifeex Nexus Acquisition Corporation:

You are cordially invited to attend (in person or by proxy) the extraordinary general meeting (the "Extraordinary General Meeting") of Aifeex Nexus Acquisition Corp., a Cayman Islands exempted company (the "Company", "we", "us" or "our"), to be held on August 5, 2025 at 11:00 a.m., Eastern time, at 44 Montgomery St, San Francisco, CA 94104 and virtually via teleconference, for which you must register in advance at: *https://forms.office.com/r/8zPjuSP3tR*, or at such other time, on such other date and at such other place to which the meeting may be adjourned.

Shareholders are encouraged to attend the meeting via the Internet and will be afforded the same rights and opportunities to vote, ask questions and participate as they would at an in-person Extraordinary General Meeting. The accompanying proxy statement is dated July 16, 2025, and is first being mailed to shareholders of the company on or about July 16, 2025.

Even if you are planning on attending the Extraordinary General Meeting online, please promptly submit your proxy vote by completing, dating, signing and returning the enclosed proxy. It is strongly recommended that you complete and return your proxy card not less than 48 hours before the time for holding the Extraordinary General Meeting to ensure that your shares will be represented at the Extraordinary General Meeting. Instructions on how to vote your shares are in the accompanying proxy statement and the other proxy materials you received for the Extraordinary General Meeting.

The Extraordinary General Meeting is being held to consider and vote upon the following proposals:

● **Proposal No. 1 — The Name Change Proposal** — to approve, as special resolutions, (a) the change of the Company's name from "Aifeex Nexus Capital Acquisition Corporation" to "Pantages Capital Acquisition Corporation" (the "Name Change") and, (b) promptly following the approval of the Name Change, the Company's Second Amended and Restated Memorandum and Articles of Association (as may be amended from time to time, the "M&A") be amended and restated by their deletion in their entirety and the substitution in their place of the Third Amended and Restated Memorandum and Articles of Association in the form set forth in *<u>Annex A</u>* of the accompanying proxy statement to reflect the Name Change (the "Name Change Proposal").

● **Proposal No. 2 — The Adjournment Proposal** — to approve, as an ordinary resolution, the adjournment of the Extraordinary General Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Name Change Proposal (the "Adjournment Proposal"), which will be presented at the Extraordinary General Meeting if, based on the tabulated votes, there are not sufficient votes at the time of the Extraordinary General Meeting to approve the Name Change Proposal, in which case the Adjournment Proposal will be the only proposal presented at the Extraordinary General Meeting.

**<u>Each of the proposals is more fully described in the accompanying proxy statement, which you are encouraged to read carefully.</u>**

The purpose of the Name Change Proposal is to enable the Company to change its name from "Aifeex Nexus Acquisition Corporation" to "Pantages Capital Acquisition Corporation."

The Company proposes to effect the name change to avoid misidentification or confusion of the Company's corporate profile with unaffiliated third parties. As previously disclosed in a Current Report on Form 8-K on April 14, 2025, the Company issued a statement on that date warning investors against unauthorized use of its name by parties unaffiliated with the Company. Other than the name change, there is no change to our business, including without limitation, our insider and management, business strategy and acquisition criteria and effecting a business combination. In addition, the sponsor has agreed to loan the expenses in connection with the name change, as a result of which we do not expect any impact on the use of our current working capital.

If the Name Change Proposal is approved, the Company will submit a request to the Nasdaq Capital Market LLC to apply to change its ticker symbols for the Units, Class A ordinary shares and rights listed on the Nasdaq Global Market, from "AIFEU", "AIFE" and "AIFER", in each case, to "-U", "-" and "-R".

The purpose of the Adjournment Proposal is to allow the chairperson of the Extraordinary General Meeting to adjourn the Extraordinary General Meeting to a later date or dates if we determine that additional time is necessary to permit further solicitation and vote of proxies in the event that there are insufficient votes to approve, or otherwise in connection with, the Name Change Proposal.

Approval of the Name Change Proposal requires a special resolution under Cayman Islands law, being the affirmative vote of the holders of a majority of at least two-thirds of the issued and outstanding ordinary shares, which include the Class A ordinary shares, par value $0.0001 per share (the "Class A ordinary shares), and the Class B ordinary shares, par value $0.0001 per share, of the company (the "Class B ordinary shares," and together with the Class A ordinary shares, the "ordinary shares"), who, being present and entitled to vote at the Extraordinary General Meeting, vote at the Extraordinary General Meeting.

Approval of the Adjournment Proposal requires an ordinary resolution under Cayman Islands law, being the affirmative vote of a majority of the ordinary shares who, being present and entitled to vote at the Extraordinary General Meeting, vote at the Extraordinary General Meeting.

**<u>THE COMPANY'S BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE "FOR" EACH OF THE PROPOSALS.</u>**

The board has fixed the close of business on July 15, 2025, as the record date for the Extraordinary General Meeting (the "Record Date"). Only shareholders of the Record Date are entitled to notice of and to vote at the Extraordinary General Meeting or any adjournment thereof. Further information regarding voting rights and the matters to be voted upon is presented in the accompanying proxy statement.

**<u>You are not being asked to vote on an initial business combination at this time. If the Name Change Proposal is implemented, you will retain the right to vote on an initial business combination if and when such transaction is submitted to shareholders and the right to redeem your public shares for cash from the trust account in the event a proposed initial business combination is approved and completed or the Company has not consummated an initial business combination by March 6, 2026 (or June 6, 2026, if we have executed a letter of intent, agreement in principle or definitive agreement for an initial business combination by March 6, 2026, as described in more detail in this prospectus) (the "Outside Date"). If an initial business combination is not consummated by the Outside Date, the Company will redeem its public shares.</u>**

All of our shareholders are cordially invited to attend, vote, and submit your questions during the Extraordinary General Meeting at 44 Montgomery St, San Francisco, CA 94104 and virtually via teleconference, for which you must register in advance at: *https://forms.office.com/r/8zPjuSP3tR*.

To ensure your representation at the Extraordinary General Meeting, however, you are urged to complete, sign, date and return your proxy card as soon as possible and not less than 48 hours before the time for holding the Extraordinary General Meeting. If your shares are held in an account at a brokerage firm or bank, you must instruct your broker or bank on how to vote your shares. You may revoke your proxy card at any time prior to the Extraordinary General Meeting.

A shareholder's failure to vote in person or by proxy will not be counted towards the number of ordinary shares required to validly establish a quorum. Abstentions will be counted in connection with the determination of whether a valid quorum is established but will have no effect on any of the proposals. We believe that the Name Change Proposal is a "non-discretionary" matter, and therefore, there will not be any broker non-votes (as defined below) at the Extraordinary General Meeting.

YOUR VOTE IS IMPORTANT. Please sign, date and return your proxy card as soon as possible and not less than 48 hours before the time for holding the Extraordinary General Meeting. You are requested to carefully read the proxy statement and accompanying Notice of Extraordinary General Meeting for a more complete statement of matters to be considered at the Extraordinary General Meeting.

If you have any questions or need assistance voting your ordinary shares, please contact Advantage Proxy, Inc., at (877) 870-8565, or banks and brokers can call (206) 870-8565, or by email at ksmith@advantageproxy.com.

On behalf of the Board of Directors (the "Board"), we would like to thank you for your support of Aifeex Nexus Acquisition Corporation.

July 16, 2025

By Order of the Board,

<br>   <br> William W. Snyder, Chairman and CEO

If you return your proxy card signed and without an indication of how you wish to vote, your shares will be voted "FOR" each of the proposals.

 ****

***This proxy statement is dated July 16, 2025 and is first being mailed to our shareholders with the form of proxy on or about July 16, 2025.***

**IMPORTANT**

**Whether or not you expect to attend the Extraordinary General Meeting, you are respectfully requested by the Board of the Company to sign, date and return the enclosed proxy promptly, or follow the instructions contained in the proxy card or voting instructions provided by your broker. If you grant a proxy, you may revoke it at any time prior to the Extraordinary General Meeting.**

**Aifeex Nexus Acquisition Corporation<br> 221 W 9<sup>th</sup> St #859<br> Wilmington, DE 19801**

**NOTICE OF THE EXTRAORDINARY GENERAL MEETING<br> TO BE HELD ON AUGUST 5, 2025**

Dear Shareholders of Aifeex Nexus Acquisition Corporation:

NOTICE IS HEREBY GIVEN that the Extraordinary General Meeting (the "Extraordinary General Meeting") of Aifeex Nexus Acquisition Corporation, a Cayman Islands exempted company (the "Company", "we", "us" or "our"), will be held on August 5, 2025, at 44 Montgomery St, San Francisco, CA 94104 and virtually via teleconference, for which you must register in advance at: *https://forms.office.com/r/8zPjuSP3tR*, or at such other time, on such other date and at such other place to which the meeting may be adjourned.

Shareholders of July 15, 2025 (the "Record Date") are encouraged to attend the meeting via the Internet and will be afforded the same rights and opportunities to vote, ask questions and participate as they would at an in-person Extraordinary General Meeting.

The Extraordinary General Meeting will be held to consider and vote upon the following proposals:

● **Proposal No. 1 — The Name Change Proposal** — to approve, as special resolutions, (a) the change of the Company's name from "Aifeex Nexus Capital Acquisition Corporation" to "Pantages Capital Acquisition Corporation" (the "Name Change") and, (b) promptly following the approval of the Name Change, the Company's Second Amended and Restated Memorandum and Articles of Association (as may be amended from time to time, the "M&A") be amended and restated by their deletion in their entirety and the substitution in their place of the Third Amended and Restated Memorandum and Articles of Association in the form set forth in *<u>Annex A</u>* of the accompanying proxy statement to reflect the Name Change (the "Name Change Proposal").

● **Proposal No. 2 — The Adjournment Proposal** — to approve, as an ordinary resolution, the adjournment of the Extraordinary General Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Name Change Proposal (the "Adjournment Proposal"), which will be presented at the Extraordinary General Meeting if, based on the tabulated votes, there are not sufficient votes at the time of the Extraordinary General Meeting to approve the Name Change Proposal, in which case the Adjournment Proposal will be the only proposal presented at the Extraordinary General Meeting.

The above matters are more fully described in the accompanying proxy statement. **We urge you to read carefully the accompanying proxy statement in its entirety.**

Approval of the Name Change Proposal requires a special resolution under Cayman Islands law, being the affirmative vote of a majority of at least two-thirds of the issued and outstanding ordinary shares, which include Class A ordinary shares, par value $0.0001 per share (the "Class A ordinary shares"), and the Class B ordinary shares, par value $0.0001 per share, of the company (the "Class B ordinary shares," and together with the Class A ordinary shares, the "ordinary shares"), who, being present and entitled to vote at the Extraordinary General Meeting, vote at the Extraordinary General Meeting.

Approval of the Adjournment Proposal requires an ordinary resolution under Cayman Islands law, being the affirmative vote of the holders of a majority of the ordinary shares who, being present and entitled to vote at the Extraordinary General Meeting, vote at the Extraordinary General Meeting.

The Company proposes to effect the name change to avoid misidentification or confusion of the Company's corporate profile with unaffiliated third parties. As previously disclosed in a Current Report on Form 8-K on April 14, 2025, the Company issued a statement on that date warning investors against unauthorized use of its name by parties unaffiliated with the Company. Other than the name change, there is no change to our business, including without limitation, our insider and management, business strategy and acquisition criteria and effecting a business combination. In addition, the sponsor has agreed to loan the expenses in connection with the name change, as a result of which we do not expect any impact on the use of our current working capital.

If the Name Change Proposal is approved, the Company will submit a request to the Nasdaq Capital Market LLC to apply to change its ticker symbols for the Units, Class A ordinary shares and rights listed on the Nasdaq Global Market, from "AIFEU", "AIFE" and "AIFER", in each case, to "-U", "-" and "-R".

Only shareholders of record of the company as of the close of business on July 15, 2025 (the "Record Date") are entitled to notice of, and to vote at, the Extraordinary General Meeting or any adjournment thereof. Each ordinary share entitles the holder thereof to one vote. On the Record Date, there were 11,025,500 ordinary shares issued and outstanding, including (i) 8,869,250 Class A ordinary shares and (ii) 2,156,250 Class B ordinary shares. The company's rights do not have voting rights in connection with the proposals.

YOUR VOTE IS IMPORTANT. Proxy voting permits shareholders unable to attend the Extraordinary General Meeting in person to vote their shares through a proxy. By appointing a proxy, your shares will be represented and voted in accordance with your instructions. You can vote your shares by completing and returning your proxy card or by completing the voting instruction form provided to you by your broker. Proxy cards that are signed and returned but do not include voting instructions will be voted by the proxy as recommended by the board. You can change your voting instructions or revoke your proxy at any time prior to the Extraordinary General Meeting by following the instructions included in this proxy statement and on the proxy card.

It is strongly recommended that you complete and return your proxy card not less than 48 hours before the time for holding the Extraordinary General Meeting to ensure that your shares will be represented at the Extraordinary General Meeting. You are urged to review carefully the information contained in the enclosed proxy statement prior to deciding how to vote your shares. If you have any questions or need assistance voting your ordinary shares, please contact Advantage Proxy, Inc., at (877) 870-8565, or banks and brokers can call (206) 870-8565, or by email at ksmith@advantageproxy.com.

July 16, 2025

By Order of the Board,

<br>   <br> William W. Snyder, Chairman and CEO

**IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR<br> THE EXTRAORDINARY GENERAL MEETING TO BE HELD ON AUGUST 5, 2025**

This Notice of Extraordinary General Meeting and Proxy Statement, our final prospectus, as filed with the Securities and Exchange Commission (the "<u>SEC</u>", File No. 333-280986) on December 5, 2024 (our "<u>IPO Prospectus</u>"), are available at *www.sec.gov*.

**TABLE OF CONTENTS**

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| | |
|:---|:---|
| **Contents** | **Page** |
| [CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS](#a_001) | 2 |
| [RISK FACTORS](#a_002) | 3 |
| [QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND OUR EXTRAORDINARY GENERAL MEETING](#a_003) | 6 |
| [THE EXTRAORDINARY GENERAL MEETING](#a_004) | 12 |
| [PROPOSAL NO. 1 — THE NAME CHANGE PROPOSAL](#a_005) | 16 |
| [PROPOSAL NO. 2 — THE ADJOURNMENT PROPOSAL](#a_006) | 18 |
| [SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT](#a_007) | 19 |
| OTHER MATTERS |  |
| [*Annex A*: Form of Third Amended and Restated Memorandum and Articles of Association of Aifeex Nexus Acquisition Corporation](#a_008) | A-1 |
| *Annex B*: Form of Proxy | B-1 |

---

i

**AIFEEX NEXUS ACQUISITION CORPORATION<br> PROXY STATEMENT<br> FOR THE EXTRAORDINARY GENERAL MEETING<br> To Be Held at 11:00 a.m., Eastern time, on August 5, 2025**

This proxy statement and the enclosed form of proxy are furnished in connection with the solicitation of proxies by our board of directors (the "Board") for use at the Extraordinary General Meeting of Aifeex Nexus Acquisition Corporation, a Cayman Islands exempted company (the "Company", "we", "us" or "our"), and any adjournments thereof (the "Extraordinary General Meeting"). The Extraordinary General Meeting will be held on August 5, 2025, at 44 Montgomery St, San Francisco, CA 94104 and virtually via teleconference, for which you must register in advance at: *https://forms.office.com/r/8zPjuSP3tR*, or at such other time, on such other date and at such other place to which the meeting may be adjourned.

Shareholders are encouraged to attend the meeting via the Internet and will be afforded the same rights and opportunities to vote, ask questions and participate as they would at an in-person Extraordinary General Meeting.

**CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS**

This Proxy Statement contains statements that are forward-looking and as such are not historical facts. This includes, without limitation, statements regarding the Company's financial position, business strategy and the plans and objectives of management for future operations. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. They involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by these statements. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this Proxy Statement, words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "strive," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. When the Company discusses its strategies or plans, it is making projections, forecasts or forward-looking statements. Such statements are based on the beliefs of, as well as assumptions made by and information currently available to, the Company's management. Actual results and shareholders' value will be affected by a variety of risks and factors, including, without limitation, international, national and local economic conditions, merger, acquisition and business combination risks, financing risks, geo-political risks, acts of terror or war, and those risk factors described under "Risk Factors" of the Company's IPO Prospectus, the annual report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on March 27, 2025 (the "10-K"), in this Proxy Statement and in other reports the Company files with the SEC. Many of the risks and factors that will determine these results and shareholders' value are beyond the Company's ability to control or predict.

All such forward-looking statements speak only as of the date of this Proxy Statement. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. All subsequent written or oral forward-looking statements attributable to us or persons acting on the Company's behalf are qualified in their entirety by this "Forward-Looking Statements" section.

**RISK FACTORS**

 

*You should consider carefully all of the risks described in our IPO Prospectus, 10-K, and in the other reports we file with the SEC before making a decision to invest in our securities. Furthermore, if any of the following events occur, our business, financial condition and operating results may be materially adversely affected or we could face liquidation. In that event, the trading price of our securities could decline, and you could lose all or part of your investment. The risks and uncertainties described in our IPO Prospectus and below are not the only ones we face. Additional risks and uncertainties that we are unaware of, or that we currently believe are not material, may also become important factors that adversely affect our business, financial condition and operating results or result in our liquidation.*

 ****

***Because we are not limited to a particular industry, sector or geography or any specific target businesses with which to pursue our initial business combination, you will be unable to ascertain the merits or risks of any particular target business****'**s operations.***

Although we are proposing a name change to our Company to avoid misidentification or confusion of the Company's corporate profile with unaffiliated third parties, we do not seek any change to our business strategy or acquisition criteria. As provided in the IPO Prospectus, we may seek to complete a business combination with an operating company of any size (subject to our satisfaction of the 80% of net assets test) and in any industry, sector or geography. However, we will not, under our amended and restated memorandum and articles of association, be permitted to effectuate our initial business combination solely with another blank check company or similar company with nominal operations. Because we have not yet selected or approached any specific target business with respect to a business combination, there is no basis to evaluate the possible merits or risks of any particular target business's operations, results of operations, cash flows, liquidity, financial condition or prospects. To the extent we complete our initial business combination, we may be affected by numerous risks inherent in the business operations with which we combine. For example, if we combine with a financially unstable business or an entity lacking an established record of sales or earnings, we may be affected by the risks inherent in the business and operations of a financially unstable or development stage entity. Although our directors and officers will endeavor to evaluate the risks inherent in a particular target business, we cannot assure you that we will properly ascertain or assess all of the significant risk factors or that we will have adequate time to complete due diligence. Furthermore, some of these risks may be outside of our control and leave us with no ability to control or reduce the chances that those risks will adversely impact a target business. We also cannot assure you that an investment in our units will not ultimately prove to be less favorable to our investors than a direct investment, if such opportunity were available, in a business combination target. Accordingly, any shareholder or warrant holder who chooses to remain a shareholder or warrant holder, respectively, following our initial business combination could suffer a reduction in the value of their securities. Such shareholders and warrant holders are unlikely to have a remedy for such reduction in value.

 ****

***Although we have identified general criteria and guidelines that we believe are important in evaluating prospective target businesses, we may enter into our initial business combination with a target that does not meet such criteria and guidelines, and as a result, the target business with which we enter into our initial business combination may not have attributes entirely consistent with our general criteria and guidelines.***

Although we have identified general criteria and guidelines for evaluating prospective target businesses, it is possible that a target business with which we enter into our initial business combination will not have all of these positive attributes. If we complete our initial business combination with a target that does not meet some or all of these criteria and guidelines, such combination may not be as successful as a combination with a business that does meet all of our general criteria and guidelines. In addition, if we announce a prospective business combination with a target that does not meet our general criteria and guidelines, a greater number of shareholders may exercise their redemption rights, which may make it difficult for us to meet any closing condition with a target business that requires us to have a minimum net worth or a certain amount of cash. In addition, if shareholder approval of the transaction is required by applicable law or stock exchange listing requirements, or we decide to obtain shareholder approval for business or other reasons, it may be more difficult for us to attain shareholder approval of our initial business combination if the target business does not meet our general criteria and guidelines. If we have not completed our initial business combination within the completion window, our public shareholders may receive only approximately $10.00 per share, or less in certain circumstances, on the liquidation of our trust account and our warrants will expire worthless.

 **

***Recent and future federal legislative, regulatory and executive actions on outbound investment involving national security and foreign ownership restrictions or requirements may substantially limit the pool of potential targets, impact our abilities to find a suitable target for business combination, or substantially or severely prolong the time and resources needed for completing business combination.***

 **

In recent years, the U.S. Government has expressed concerns with the national security implications for U.S. persons to invest in or enter in transactions with foreign persons in certain jurisdictions, such as China, Russia, and other foreign adversaries. In addition to risks associated with the review of potential transactions under the CFIUS regime as described in the IPO Prospectus, the U.S. Congress and various executive agencies, including the Department of Commerce, Department of Treasury, and the Department of Justice, have enacted, imposed or proposed a series of measures aimed at increasing oversight of certain commercial transactions or investments involving companies controlled by foreign adversaries or incorporated in those jurisdictions.

For example, in August 2023, the President issued Executive Order 14105, which addresses national security risks arising from outbound equity investment by U.S. persons and entities they control in covered foreign persons engaging in certain sensitive technologies and products. The order asked the Department of Treasury to establish an outbound investment review regime (the "Outbound Investment Review Regime") to screen outbound capital flows that can be exploited to accelerate development of technologies used to support the military, intelligence, surveillance, and cyber-enabled capabilities of a country of concern through advancement of technologies and products in certain particularly sensitive areas. The order cited China (including Hong Kong and Macau) as a country of concern. On October 28, 2024, after a notice-and-comment process, the Treasury Department published final rules (the "Outbound Investment Review Final Rules") to implement the Outbound Investment Review Regime, which went into effect on January 2, 2025. The Outbound Investment Review Rules prohibited U.S. persons from engaging in outbound investments or transactions involving Chinese persons and entities(including China, Hong Kong and Macau) involving specified products and technologies in the (i) semiconductors and microelectronics, (ii) quantum information technologies, and (iii) artificial intelligence model (AI) model above specified thresholds of computing power or developed for specified end uses ("Relevant Technologies"), while requiring notifications for certain other outbound investment transactions involving the Relevant Technologies.

The Outbound Investment Review Regime, together with enhanced powers assigned to the Committee on Foreign Investment in the United States (CFIUS), export control and trade restrictions managed by the Department of Commerce, and the economic sanctions regime managed by the Office of Foreign Asset Control (OFAC) within the Department of Treasury, could result in increased scrutiny of transactions involving companies controlled by foreign adversaries or incorporated in those jurisdictions.

Although we have identified general criteria and guidelines for evaluating prospective target businesses, we may seek to complete a business combination with an operating company of any size (subject to our satisfaction of the 80% of net assets test) and in any industry, sector or geography. As of the date hereof, we have not identified any particular target that may be subject to the Outbound Investment Review Regime, and we may not identify or seek to engage in a business combination with any target that may be subject to the Outbound Investment Review Regime in the future.

Certain parts of the Outbound Investment Review Rules are highly technical and may require a subject company to engage in third-party experts or consultants to evaluate and advise on the application and scope of the rules to a particular transaction. Besides, the rules outright prohibited certain types of transactions while subject others to a screening process, and violations of the rules may give rise to potentially stiff administrative, civil or criminal penalties. Therefore, given the novelty, recentness and complexity of the Outbound Investment Review Rules, there is significant uncertainties as to how the Outbound Investment Review Rules will be implemented. The uncertainties over the scope and implementation of the rules may limit the potential pools of targets for our business combination search, given that some target businesses may no longer seek U.S. investment or public listing in the U.S., notwithstanding the applicability of the rules over their business. Our management may also significant curtail our search of any target that are incorporated in or with substantial operations in a subject jurisdiction or subject industry, notwithstanding the reach of the rules.

However, while we will not engage in a prohibited transaction under the Outbound Investment Review Regime, in the case that we proceed with a business combination that could fall within Outbound Investment Review Rules' jurisdiction or becomes a notifiable transaction, we may be required to make a mandatory filing, determine to submit a voluntary notice to the Treasury Department, or seek independent expert opinion or report to advise us on the applicability of the relevant rules. In addition, the Treasury Department may decide to block or delay our initial business combination, impose conditions to mitigate national security concerns with respect to such initial business combination or order us to divest all or a portion of a U.S. business of the combined company if we had proceeded without first obtaining its clearance. The foreign ownership limitations, and the potential impact of CFIUS, may limit the attractiveness of a transaction with us or prevent us from pursuing certain initial business combination opportunities that we believe would otherwise be beneficial to us and our shareholders. As a result, the pool of potential targets with which we could complete an initial business combination may be limited and we may be adversely affected in terms of competing with other special purpose acquisition companies which do not have similar foreign ownership issues.

Moreover, the process of government review could be lengthy. We may be forced to expend significant financial resources to seek third party expert opinion or report, or to secure regulatory clearance. Because we only have 15 months (or up to 18 months, as applicable) to complete our initial business combination, our failure to obtain any required approvals within the requisite time period may prevent us from completing the transaction and require us to liquidate. If we liquidate, our public shareholders may only receive $10.00 per ordinary share initially, and our rights will expire worthless. Our public shareholders may also lose the potential investment opportunity in a target company and the opportunity of realizing future gains on such investments through any price appreciation in the combined company.

**QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND OUR EXTRAORDINARY GENERAL MEETING**

These Questions and Answers are only summaries of the matters they discuss. They do not contain all of the information that may be important to you. You should read carefully the entire document, including any annexes to this proxy statement.

**Why am I receiving this proxy statement?**

This proxy statement and the enclosed proxy card are being sent to you in connection with the solicitation of proxies by our board for use at the Extraordinary General Meeting to be held in person and via the Internet on August 5, 2025 or at any adjournments thereof. This proxy statement summarizes the information that you need to make an informed decision on the proposals to be considered at the Extraordinary General Meeting.

We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. On December 6, 2024, the Company consummated IPO of 8,625,000 units (including 1,125,000 units issued upon the full exercise of the over-allotment option, the "Units"). Simultaneously with the consummation (the "closing") of the IPO and the sale of the Units, the Company consummated the Private Placement of 244,250 units (the "Private Placement Units") to the Sponsor, at a price of $10.00 per Private Placement Unit, generating total proceeds of $2,442,500. Each Unit and each Private Placement Unit consists of one Class A ordinary share, and one right to receive of one-fifth of one Class A ordinary share upon the completion of the initial Business Combination. Of the gross proceeds received from our IPO and the sale of the private placement warrants, we deposited $86,250,000 in the Trust Account.

On March 11, 2025, with an intention to better align our corporate profile with global trends and better represent us and our management, we, upon the shareholder approval, effected a name change from "Shepherd Ave Capital Acquisition Corporation" to "Aifeex Nexus Acquisition Corporation" (the "First Name Change").

In April 2025, it came to our attention that unauthorized entities or individuals issued social media posts and posted claims on websites suggesting that the Company has been acquired or is otherwise affiliated with other companies, had chosen a target to complete its business combination, or had completed the combination. These actors were capitalizing on a similarity in the Company's name to the name of other entities.

As previously disclosed in a Current Report on Form 8-K on April 14, 2025, the Company issued a statement on that date warning investors against unauthorized use of its name by parties unaffiliated with the Company.

We wish to make clear that the parties who made those statements are not (and have never been) affiliated with the Company in any capacity. The Company remains an independent and publicly traded company that is listed on Nasdaq. As of the date hereof, we have not identified a specific target or entered into any binding letter of intent or definitive agreement with any target. Therefore, we are proposing to effect the name change to avoid misidentification or confusion of the Company's corporate profile with unaffiliated third parties.

**What is being voted on?**

You are being asked to vote on the following proposals:

● **Proposal No. 1 — The Name Change Proposal** — to approve, as special resolutions, (a) the change of the Company's name from "Aifeex Nexus Capital Acquisition Corporation" to "Pantages Capital Acquisition Corporation" (the "Name Change") and, (b) promptly following the approval of the Name Change, the Company's Second Amended and Restated Memorandum and Articles of Association (as may be amended from time to time, the "M&A") be amended and restated by their deletion in their entirety and the substitution in their place of the Third Amended and Restated Memorandum and Articles of Association in the form set forth in *<u>Annex A</u>* of the accompanying proxy statement to reflect the Name Change (the "Name Change Proposal").

● **Proposal No. 2 — The Adjournment Proposal** — to approve, as an ordinary resolution, the adjournment of the Extraordinary General Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Name Change Proposal (the "Adjournment Proposal"), which will be presented at the Extraordinary General Meeting if, based on the tabulated votes, there are not sufficient votes at the time of the Extraordinary General Meeting to approve the Name Change Proposal, in which case the Adjournment Proposal will be the only proposal presented at the Extraordinary General Meeting.

You are not being asked to vote on an initial business combination at this time. If the Name Change Proposal is implemented, you will retain the right to vote on an initial business combination if and when such transaction is submitted to shareholders and the right to redeem your public shares for cash from the trust account in the event a proposed initial business combination is approved and completed or the company has not consummated an initial March 6, 2026 (or June 6, 2026, as applicable), the company will redeem its public shares.

**Why is the Name Change Proposal being proposed?**

In April 2025, following the First Name Change, it came to our attention that unauthorized entities or individuals issued social media posts and posted claims on websites suggesting that the Company had been acquired or is otherwise affiliated with other companies, had chosen a target to complete its business combination, or had completed the combination. These actors were capitalizing on a similarity in the Company's name to the name of other entities.

As previously disclosed in a Current Report on Form 8-K on April 14, 2025, the Company issued a statement on that date warning investors against unauthorized use of its name by parties unaffiliated with the Company.

We wish to make clear that the parties who made those statements are not (and have never been) affiliated with the Company in any capacity. The Company remains an independent and publicly traded company that is listed on Nasdaq. As of the date hereof, we have not identified a specific target or entered into any binding letter of intent or definitive agreement with any target. Therefore, we are proposing to effect the name change to avoid misidentification or confusion of the Company's corporate profile with unaffiliated third parties.

Other than the name change, there is no change to our business as set forth in the Company's IPO Prospectus, including without limitation, our insider and management, business strategy and acquisition criteria and effecting a business combination. In addition, the sponsor has agreed to loan the expenses in connection with the name change, as a result of which we do not expect any impact on the use of our current working capital.

If the Name Change Proposal is approved, the Company will submit a request to the Nasdaq Capital Market LLC to apply to change its ticker symbols for the Units, Class A ordinary shares and rights listed on the Nasdaq Global Market, from "AIFEU", "AIFE" and "AIFER", in each case, to "-U", "-" and "-R".

**Can I attend the Extraordinary General Meeting?**

The Extraordinary General Meeting will be held on August 5, 2025, at 11:00 a.m., Eastern time, at 44 Montgomery St, San Francisco, CA 94104 and virtually via teleconference, for which you must register in advance at: *https://forms.office.com/r/8zPjuSP3tR* (the "Extraordinary General Meeting"), or at such other time, on such other date and at such other place that the meeting may be adjourned.

The Extraordinary General Meeting will comply with the meeting rules of conduct which will be available at the meeting. We encourage you to access the Extraordinary General Meeting prior to the start time. Shareholders are encouraged to attend the meeting via the Internet and will be afforded the same rights and opportunities to vote, ask questions and participate as they would at an in-person Extraordinary General Meeting. You may submit your proxy by completing, signing, dating and returning the enclosed proxy card in the accompanying pre-addressed postage-paid envelope. If you hold your shares in "street name," which means your shares are held of record by a broker, bank or other nominee, you should contact your broker, bank or other nominee to ensure that votes related to the shares you beneficially own are properly counted. In this regard, you must provide the broker, bank or other nominee with instructions on how to vote your shares.

**When would the Board abandon the Name Change Proposal?**

Our Board will abandon the Name Change Proposal if our shareholders do not approve the proposal.

**How do the Company insiders intend to vote their shares?**

The Sponsor, the Company's directors, officers and initial shareholders and their permitted transferees (collectively, the "initial shareholders") collectively have the right to vote 21.78% of the Company's issued and outstanding ordinary shares, and are expected to vote all of their shares in favor of each proposal to be voted upon by our shareholders at the Extraordinary General Meeting.

The Sponsor or the Company's directors, officers or advisors, or any of their respective affiliates, may purchase Class A ordinary shares in privately negotiated transactions or in the open market prior to the Extraordinary General Meeting, although they are under no obligation to do so. Any Class A ordinary shares held by or subsequently purchased by our affiliates may be voted in favor of the proposals. Additionally, at any time at or prior to the Extraordinary General Meeting, subject to applicable securities laws (including with respect to material non-public information) the Sponsor or the Company's directors, officers or advisors, or any of their respective affiliates, may, although they are under no obligation to do so, enter into transactions with investors and others to provide them with incentives to acquire public shares or vote their public shares in favor of the proposal. The Sponsor or the Company's directors, officers or advisors or any of their respective affiliates are restricted from making any such purchases when they are in possession of any material nonpublic information not disclosed to the seller or during a restricted period under Regulation M under the Exchange Act. Any such transactions will be disclosed by the filing of a Current Report on Form 8-K prior to the date of the meeting.

**What vote is required to approve the Name Change Proposal?**

Approval of the Name Change Proposal requires a special resolution under Cayman Islands law, being the affirmative vote of a majority of at least two-thirds of the ordinary shares, who, being present and entitled to vote at the Extraordinary General Meeting, vote at the Extraordinary General Meeting.

**Why is the Company proposing the Adjournment Proposal?**

The Company is proposing the Adjournment Proposal to provide flexibility to adjourn the meeting to give the Company more time to seek approval of the Name Change Proposal, if necessary. If the Adjournment Proposal is not approved, the Company will not have the ability to adjourn the meeting to a later date for the purpose of soliciting additional proxies.

**What vote is required to approve the Adjournment Proposal?**

Approval of the Adjournment Proposal requires an ordinary resolution under Cayman Islands law, being the affirmative vote of the holders of a majority of the ordinary shares who, being present and entitled to vote at the Extraordinary General Meeting, vote at the Extraordinary General Meeting.

**What if I do not want to a proposal to be approved?**

If you do not want a proposal to be approved, you must vote against such proposal. A shareholder's failure to vote by proxy or to vote in person or online at the Extraordinary General Meeting will not be counted towards the number of shares required to validly establish a quorum, and if a valid quorum is otherwise established, such failure to vote will have no effect on such proposals. Abstentions will be counted in connection with the determination of whether a valid quorum is established but will have no effect on any of the proposals.

We believe that the Name Change Proposal is a "non-discretionary" matter, and therefore, there will not be any broker non-votes (as defined below) at the Extraordinary General Meeting.

**Where will I be able to find the voting results of the Extraordinary General Meeting?**

We will announce preliminary voting results at the Extraordinary General Meeting. We will also disclose voting results on a Current Report on Form 8-K that we will file with the SEC within four business days after the Extraordinary General Meeting. If final voting results are not available to us in time to file a Current Report on Form 8-K within four business days after the Extraordinary General Meeting, we will file a Current Report on Form 8-K to publish preliminary results and will provide the final results in an amendment to such Current Report on Form 8-K as soon as they become available.

**Would I still be able to exercise my redemption rights in connection with a vote to approve a proposed initial business combination?**

You are not able to exercise redemption rights in connection with a vote to approve the proposals in this Extraordinary General Meeting. However, assuming you will be able to vote on a proposed initial business combination. If you disagree with an initial business combination, you will retain your right to redeem your Class A ordinary shares upon consummation of such initial business combination, subject to any limitations set forth in our Articles.

**How do I change my vote?**

If you have submitted a proxy to vote your shares and wish to change your vote, you may send a later-dated, signed proxy card to the Company's proxy solicitor, Advantage Proxy, Inc., at P.O. Box 13581, Des Moines, WA 98198, so that it is received by the Company prior to the vote at the Extraordinary General Meeting (which is scheduled to take place on August 5, 2025). Shareholders also may revoke their proxy by sending a notice of revocation to Advantage Proxy, which must be received by the Company's secretary prior to the vote at the Extraordinary General Meeting, or by attending the Extraordinary General Meeting, revoking their proxy and voting in person or via the Internet. Attendance at the Extraordinary General Meeting alone will not change your vote. However, if your shares are held in "street name" by your broker, bank or another nominee, you must contact your broker, bank or other nominee to change your vote.

**How are votes counted?**

Votes will be counted by the inspector of election appointed for the meeting, who will separately count "FOR" and "AGAINST" votes, and abstentions for each of the proposal. A shareholder's failure to vote by proxy or to vote in person or via the Internet at the Extraordinary General Meeting will not be counted towards the number of shares required to validly establish a quorum, and if a valid quorum is otherwise established, will have no effect on the proposals. Abstentions will be counted in connection with the determination of whether a valid quorum is established but will have no effect on any of the proposals. We believe that the Name Change Proposal is a "non-discretionary" matter, and therefore, there will not be any broker non-votes (as defined below) at the Extraordinary General Meeting.

**If my shares are held in "street name," will my broker automatically vote them for me?**

If you do not give instructions to your broker, your broker can vote your shares with respect to "discretionary" items, but not with respect to "non-discretionary" items. We believe that the Name Change Proposal is a "non-discretionary" item.

Your broker can vote your shares with respect to "non-discretionary" items only if you provide instructions on how to vote. You should instruct your broker to vote your shares. Your broker can tell you how to provide these instructions. Abstentions will be counted in connection with the determination of whether a valid quorum is established but will have no effect on any of the proposals.

**What is a quorum?**

A quorum is the minimum number of shares required to be present at the Extraordinary General Meeting for the Extraordinary General Meeting to be properly held under our Articles and Cayman Islands law. The presence, in person, virtually, by proxy, or, if a corporation or other non-natural person, by its duly authorized representative or proxy, of the holders of a majority of the issued and outstanding ordinary shares entitled to vote at the Extraordinary General Meeting constitutes a quorum. Proxies that are marked "abstain" and proxies relating to "street name" shares that are returned to us but marked by brokers as "not voted" (so-called "broker non-votes") will be treated as shares present for purposes of determining the presence of establishing a quorum on all matters. If a shareholder does not give the broker voting instructions, under applicable self-regulatory organization rules, its broker may not vote its shares on "non-discretionary" matters. We believe that the Name Change Proposal is a "non-discretionary" matter, and therefore, there will not be any broker non-votes at the Extraordinary General Meeting.

**Who can vote at the Extraordinary General Meeting?**

Holders of ordinary shares as of the close of business on July 15, 2025 (the "Record Date") are entitled to vote at the Extraordinary General Meeting. On the record date, there were 11,025,500 ordinary shares issued and outstanding, including (i) 8,869,250 Class A ordinary shares and (ii) 2,156,250 Class B ordinary shares. The company's rights do not have voting rights in connection with the proposals.

In deciding all matters at the Extraordinary General Meeting, each shareholder will be entitled to one vote for each share held by them on the record date. Holders of Class A ordinary shares and holders of Class B ordinary shares will vote together as a single class on all matters submitted to a vote of our shareholders except as required by law. The initial shareholders collectively own 244,250 Class A ordinary shares and all of our issued and outstanding Class B ordinary shares, constituting 21.78% of our issued and outstanding ordinary shares.

 

*Registered Shareholders.*

If our shares are registered directly in your name with our transfer agent, VStock, you are considered the shareholder of record with respect to those shares. As the shareholder of record, you have the right to grant your voting proxy directly to the individuals listed on the proxy card or to vote in person at the Extraordinary General Meeting.

 

*"Street Name" Shareholders.*

If our shares are held on your behalf in a brokerage account or by a bank or other nominee, you are considered the beneficial owner of those shares held in "street name," and your broker or nominee is considered the shareholder of record with respect to those shares. As the beneficial owner, you have the right to direct your broker or nominee as to how to vote your shares. However, since a beneficial owner is not the shareholder of record, you may not vote your ordinary shares at the Extraordinary General Meeting unless you follow your broker's procedures for obtaining a legal proxy. Throughout this proxy statement, we refer to shareholders who hold their shares through a broker, bank or other nominee as "street name shareholders."

**Does the Board recommend voting for the approval of the proposals?**

Yes. After careful consideration of the terms and conditions of these proposals, the board has determined that the Name Change Proposal and the Adjournment Proposal are in the best interests of the Company and its shareholders. The Board recommends that the company's shareholders vote "FOR" the proposals.

**Are there any appraisal or similar rights for dissenting shareholders?**

Neither Cayman Islands law nor our Articles provides for dissenters' rights for dissenting shareholders in connection with the Name Change Proposal to be voted upon at the Extraordinary General Meeting. As a matter of Cayman Islands law, dissenters' rights only apply in a statutory merger where the company is a constituent company, which is not the case with any of the proposals.

Warrant holders do not have appraisal rights in connection with the proposal to be voted upon at the Extraordinary General Meeting.

**How are the funds in the Trust Account being held?**

With respect to the regulation of special purpose acquisition companies ("SPACs") like the Company, on March 30, 2022, the SEC issued proposed rules (the "SPAC Rule Proposals") relating to, among other items, disclosures in business combination transactions involving SPACs and private operating companies; the condensed financial statement requirements applicable to transactions involving shell companies; the use of projections by SPACs in SEC filings in connection with proposed business combination transactions; the potential liability of certain participants in proposed business combination transactions; and the extent to which SPACs could become subject to regulation under the Investment Company Act of 1940, as amended (the "Investment Company Act"), including a proposed rule that would provide SPACs a safe harbor from treatment as an investment company if they satisfy certain conditions that limit a SPAC's duration, asset composition, business purpose and activities.

With regard to the SEC's investment company proposals included in the SPAC Rule Proposals, the funds in the Trust Account have, since our IPO, been held only in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury obligations, to mitigate the risk of being viewed as operating an unregistered investment company (including pursuant to the subjective test of Section 3(a)(1)(A) of the Investment Company Act).

**How do I vote?**

If you are a holder of record of ordinary shares on the record date for the Extraordinary General Meeting, you may vote in person or by Internet attendance at the Extraordinary General Meeting or by submitting a proxy for the Extraordinary General Meeting. You may submit your proxy by completing, signing, dating and returning the enclosed proxy card in the accompanying pre-addressed postage-paid envelope not less than 48 hours before the time for holding the Extraordinary General Meeting. If you hold your shares in "street name," which means your shares are held of record by a broker, bank or other nominee, you should contact your broker, bank or other nominee to ensure that votes related to the shares you beneficially own are properly counted. In this regard, you must provide the broker, bank or other nominee with instructions on how to vote your shares or, if you wish to attend the Extraordinary General Meeting and vote in person or via the Internet, obtain a valid proxy from your broker, bank or other nominee. If you hold your shares in "street name" and wish to vote at the Extraordinary General Meeting, you must email a copy (a legible photograph is sufficient) of your legal proxy to Advantage Proxy, Inc., our proxy solicitor, at ksmith@advantageproxy.com. If you wish to attend the Extraordinary General Meeting via the Internet or in person you should contact Advantage Proxy to obtain this information. You should read carefully the materials provided to you by your broker, bank or other nominee or intermediary.

**What should I do if I receive more than one set of voting materials?**

You may receive more than one set of voting materials, including multiple copies of this proxy statement and multiple proxy cards or voting instruction cards, if your shares are registered in more than one name or are registered in different accounts. For example, if you hold your shares in more than one brokerage account, you will receive a separate voting instruction card for each brokerage account in which you hold shares. Please complete, sign, date and return each proxy card and voting instruction card that you receive in order to cast a vote with respect to all of your shares not less than 48 hours before the time for holding the Extraordinary General Meeting.

**Who is paying for this proxy solicitation?**

Our Board is soliciting proxies for use at the Extraordinary General Meeting. All costs associated with this solicitation will be borne directly by the Company. We have engaged Advantage Proxy to assist in the solicitation of proxies for the Extraordinary General Meeting. We have agreed to pay Advantage Proxy a fee of $8,000, plus disbursements, and indemnify Advantage Proxy and its affiliates against certain claims, liabilities, losses, damages and expenses for their services as the company's proxy solicitor. We will also reimburse banks, brokers and other custodians, nominees and fiduciaries representing beneficial owners of Class A ordinary shares for their expenses in forwarding soliciting materials to beneficial owners of Class A ordinary shares and in obtaining voting instructions from those owners. Our directors and officers may also solicit proxies by telephone, by facsimile, by mail, on the Internet or in person. They will not be paid any additional amounts for soliciting proxies.

**Who can help answer my questions?**

If you have questions about the Extraordinary General Meeting or the proposals to be presented thereat, if you need additional copies of the proxy statement or the enclosed proxy card, or if you would like copies of any of the company's filings with the SEC, including our IPO Prospectus, you should contact Advantage Proxy at:

Advantage Proxy, Inc.

P.O. Box 13581

Des Moines, WA 98198

Attn: Karen Smith

Toll Free: (877) 870-8565

Collect: (206) 870-8565

Email: ksmith@advantageproxy.com

You may obtain additional information about the company from documents filed with the SEC by following the *instructions in the section entitled "Where You Can Find More Information."*

**THE EXTRAORDINARY GENERAL MEETING**

**Date, Time, Place and Purpose of the Extraordinary General Meeting**

The Extraordinary General Meeting will be held on August 5, 2025, at 11:00 a.m., Eastern time, at 44 Montgomery St, San Francisco, CA 94104 and virtually via teleconference, for which you must register in advance at: *https://forms.office.com/r/8zPjuSP3tR* (the "Extraordinary General Meeting"), or at such other time, on such other date and at such other place that the meeting may be adjourned.

Shareholders are encouraged to attend the meeting via the Internet and will be afforded the same rights and opportunities to vote, ask questions and participate as they would at an in-person Extraordinary General Meeting.

At the Extraordinary General Meeting, you will be asked to consider and vote upon a proposal to:

● **Proposal No. 1 — The Name Change Proposal** — to approve, as special resolutions, (a) the change of the Company's name from "Aifeex Nexus Capital Acquisition Corporation" to "Pantages Capital Acquisition Corporation" (the "Name Change") and, (b) promptly following the approval of the Name Change, the Company's Second Amended and Restated Memorandum and Articles of Association (as may be amended from time to time, the "M&A") be amended and restated by their deletion in their entirety and the substitution in their place of the Third Amended and Restated Memorandum and Articles of Association in the form set forth in *<u>Annex A</u>* of the accompanying proxy statement to reflect the Name Change (the "Name Change Proposal").

● **Proposal No. 2 — The Adjournment Proposal** — to approve, as an ordinary resolution, the adjournment of the Extraordinary General Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Name Change Proposal (the "Adjournment Proposal"), which will be presented at the Extraordinary General Meeting if, based on the tabulated votes, there are not sufficient votes at the time of the Extraordinary General Meeting to approve the Name Change Proposal, in which case the Adjournment Proposal will be the only proposal presented at the Extraordinary General Meeting.

**Voting Power; Record Date**

Only shareholders of record of the Company as of the close of business on July 15, 2025 are entitled to notice of, and to vote at, the Extraordinary General Meeting or any adjournment thereof. Each of the ordinary shares entitles the holder thereof to one vote. If your shares are held in "street name" or are in a margin or similar account, you should contact your broker to ensure that votes related to the shares you beneficially own are properly counted. On the record date, there were 11,025,500 ordinary shares issued and outstanding, including (i) 8,869,250 Class A ordinary shares and (ii) 2,156,250 Class B ordinary share. The company's rights do not have voting rights in connection with the proposals.

**Quorum and Vote of Shareholders**

A quorum is the minimum number of shares required to be present at the Extraordinary General Meeting for the Extraordinary General Meeting to be properly held under our Articles and Cayman Islands law. The presence, in person, virtually, by proxy, or, if a corporation or other non-natural person, by its duly authorized representative or proxy, of the holders of a majority of the issued and outstanding ordinary shares entitled to vote at the Extraordinary General Meeting constitutes a quorum.

Abstentions will be considered present for the purposes of establishing a quorum but, as a matter of Cayman Islands law, will not constitute votes cast at the Extraordinary General Meeting and therefore will not count as votes cast at the Extraordinary General Meeting and will have no effect on the outcome of the vote on the proposals.

Under Nasdaq rules, if a shareholder holds their shares in "street" name through a bank, broker or other nominee and the shareholder does not instruct their bank, broker or other nominee how to vote their shares on a proposal, the bank, broker or other nominee has the authority to vote the shares in its discretion on certain "routine" matters. However, banks, brokers and other nominees are not authorized to exercise their voting discretion on any "non-routine" matters. This can result in a "broker non-vote," which occurs on a proposal when (i) a bank, broker or other nominee has discretionary authority to vote on one or more "routine" proposals to be voted on at a meeting of shareholders, (ii) there are one or more "non-routine" proposals to be voted on at the meeting for which the bank, broker or other nominee does not have authority to vote without instructions from the beneficial owner of the shares and (iii) the beneficial owner fails to provide the bank, broker or other nominee with voting instructions on a "non-routine" matter.

Because we consider all of the proposals to be voted on at the Extraordinary General Meeting to be "non-routine" matters, banks, brokers and other nominees will not have authority to vote on any proposals unless instructed, so we do not expect there to be any broker non-votes at the Extraordinary General Meeting.

**Vote Required**

Approval of the Name Change Proposal requires a special resolution under Cayman Islands law, being the affirmative vote of a majority of at least two-thirds of the ordinary shares, represented in person or by proxy and entitled to vote thereon and who do so in person or by proxy at the Extraordinary General Meeting.

Approval of the Adjournment Proposal requires an ordinary resolution under Cayman Islands law, being the affirmative vote of the holders of a majority of the ordinary shares represented in person or by proxy and entitled to vote thereon and who do so in person or by proxy at the Extraordinary General Meeting.

If you do not want the proposal to be approved, you should vote against such proposal. A shareholder's failure to vote by proxy or to vote in person or online at the Extraordinary General Meeting will not be counted towards the number of shares required to validly establish a quorum, and if a valid quorum is otherwise established, such failure to vote will have no effect on such proposal. Abstentions will be counted in connection with the determination of whether a valid quorum is established but will have no effect on the proposal. We believe that the Name Change Proposal is a "non-discretionary" matter, and therefore, there will not be any broker non-votes at the Extraordinary General Meeting.

**Voting**

You can vote your shares at the Extraordinary General Meeting by proxy or by attending the Extraordinary General Meeting via the Internet. If your shares are owned directly in your name with our transfer agent, Continental, you are considered, with respect to those shares, the "shareholder of record." If your shares are held in a stock brokerage account or by a bank or other nominee or intermediary, you are considered the beneficial owner of shares held in "street name" and are considered a "non-record (beneficial) shareholder."

 

*Shareholders of Record*

You can vote by proxy by having one or more individuals who will be at the Extraordinary General Meeting vote your shares for you. These individuals are called "proxies" and using them to cast your ballot at the Extraordinary General Meeting is called voting "by proxy." If you wish to vote by proxy, you must (i) complete the enclosed form, called a "proxy card," and mail it in the envelope provided or (ii) submit your proxy over the Internet in accordance with the instructions on the enclosed proxy card not less than 48 hours before the time for holding the Extraordinary General Meeting. If you complete the proxy card and mail it in the envelope provided or submit your proxy over the Internet as described above, you will designate William W. Snyder to act as your proxy at the Extraordinary General Meeting. One of the aforementioned individuals will then vote your shares at the Extraordinary General Meeting in accordance with the instructions you have given them in the proxy card with respect to the proposals presented in this proxy statement. Proxies will extend to, and be voted at, any adjournments of the Extraordinary General Meeting.

Alternatively, you can vote your shares by attending the Extraordinary General Meeting via the Internet.

 

*Beneficial Owners*

If your shares are held in an account through a broker, bank or other nominee or intermediary, you must instruct the broker, bank or other nominee how to vote your shares by following the instructions that the broker, bank or other nominee provides you along with this proxy statement. Your broker, bank or other nominee may have an earlier deadline by which you must provide instructions to it as to how to vote your shares, so you should read carefully the materials provided to you by your broker, bank or other nominee or intermediary.

If you wish to attend and vote your shares at the Extraordinary General Meeting, you must first obtain a legal proxy from your broker, bank or other nominee that holds your shares and email a copy (a legible photograph is sufficient) of your legal proxy to Advantage Proxy, Inc., our proxy solicitor, at ksmith@advantageproxy.com. If you do not provide voting instructions to your bank, broker or other nominee or intermediary and you do not vote your shares at the Extraordinary General Meeting, your shares will not be voted on any proposal on which your bank, broker or other nominee does not have discretionary authority to vote. In these cases, the bank, broker or other nominee or intermediary will not be able to vote your shares on those matters for which specific authorization is required. We believe each of the proposals constitutes a "non-discretionary" matter.

*Proxies*

Our board is asking for your proxy. Giving our board your proxy means you authorize it to vote your shares at the Extraordinary General Meeting in the manner you direct. You may vote for or against the proposal or you may abstain from voting. All valid proxies received prior to the Extraordinary General Meeting will be voted. All shares represented by a proxy will be voted, and where a shareholder specifies by means of the proxy a choice with respect to any matter to be acted upon, the shares will be voted in accordance with the specification so made. If no choice is indicated on the proxy, the shares will have no effect on the proposal described herein and as the proxy holders may determine in their discretion with respect to any other matters that may properly come before the Extraordinary General Meeting.

Proxies that are marked "abstain" and proxies relating to "street name" shares that are returned to us but marked by brokers as "not voted" (so-called "broker non-votes") will be treated as shares present for purposes of determining the presence of a quorum on all matters. If a shareholder does not give the broker voting instructions, under applicable self-regulatory organization rules, its broker may not vote its shares on "non-discretionary" matters. We believe the proposal constitutes a "non-discretionary" matter, and therefore, there will not be any broker non-votes at the Extraordinary General Meeting.

Shareholders who have questions or need assistance in completing or submitting their proxy cards should contact our proxy solicitor, Advantage Proxy, Inc., our proxy solicitor, at P.O. Box 13581, Des Moines, WA 98198, telephone number: (877) 870-8565, email: ksmith@advantageproxy.com.

**Revocability of Proxies**

Shareholders may send a later-dated, signed proxy card to the Company's proxy solicitor, Advantage Proxy, at P.O. Box 13581, Des Moines, WA 98198, telephone number: (877) 870-8565, email: ksmith@advantageproxy.com, so that it is received prior to the vote at the Extraordinary General Meeting (which is scheduled to take place on August 5, 2025). Shareholders also may revoke their proxy by sending a notice of revocation to Advantage Proxy, which must be received by the Company's secretary prior to the vote at the Extraordinary General Meeting or by attending the Extraordinary General Meeting, revoking their proxy and voting in person. Attendance at the Extraordinary General Meeting alone will not change your vote. However, if your shares are held in "street name" by your broker, bank or another nominee, you must contact your broker, bank or other nominee to change your vote.

**Attendance at the Extraordinary General Meeting**

The Extraordinary General Meeting will be held in person or by proxy at 11:00 a.m., Eastern time, on August 5, 2025, at 44 Montgomery St, San Francisco, CA 94104 and virtually via teleconference, for which you must register in advance at: *https://forms.office.com/r/8zPjuSP3tR*.

While shareholders are encouraged to attend the meeting via the Internet, you will be permitted to attend the Extraordinary General Meeting in person at [ ] only to the extent consistent with, or permitted by, applicable law. You may submit your proxy by completing, signing, dating and returning the enclosed proxy card in the accompanying pre-addressed postage-paid envelope not less than 48 hours before the time for holding the Extraordinary General Meeting. If you hold your shares in "street name," which means your shares are held of record by a broker, bank or nominee, you should contact your broker, bank or nominee to ensure that votes related to the shares you beneficially own are properly counted. In this regard, you must provide the broker, bank or nominee with instructions on how to vote your shares or, if you wish to attend the Extraordinary General Meeting and vote in person, obtain a valid proxy from your broker, bank or nominee.

**Solicitation of Proxies**

Our Board is soliciting proxies for use at the Extraordinary General Meeting. All costs associated with this solicitation will be borne directly by the company. We have engaged Advantage Proxy for the solicitation of proxies for the Extraordinary General Meeting. We have agreed to pay Advantage Proxy a fee of $8,000, plus disbursements, and indemnify Advantage Proxy and its affiliates against certain claims, liabilities, losses, damages and expenses for their services as the company's proxy solicitor. We will also reimburse banks, brokers and other custodians, nominees and fiduciaries representing beneficial owners of Class A ordinary shares for their expenses in forwarding soliciting materials to beneficial owners of Class A ordinary shares and in obtaining voting instructions from those owners. Our directors and officers may also solicit proxies by telephone, by facsimile, by mail, on the Internet or in person. They will not be paid any additional amounts for soliciting proxies.

You may contact Advantage Proxy at:

Advantage Proxy, Inc.<br> P.O. Box 13581<br> Des Moines, WA 98198<br> Attn: Karen Smith<br> Toll Free: (877) 870-8565<br> Collect: (206) 870-8565<br> Email: ksmith@advantageproxy.com

If any additional solicitation of the holders of our outstanding ordinary shares is deemed necessary, we (through our directors and officers) anticipate making such solicitation directly.

**Dissenters' Rights and Appraisal Rights**

Neither Cayman Islands law nor our Articles provide for appraisal or other similar rights for dissenting shareholders in connection with the Name Change Proposal. Accordingly, our shareholders will have no right to dissent and obtain payment for their shares. As a matter of Cayman Islands law, dissenters' rights only apply in a statutory merger where the company is a constituent company, which is not the case with any of the proposals.

Rights holders do not have appraisal rights in connection with the Name Change Proposal.

**Shareholder Proposals**

No business may be transacted at a general meeting, including an Extraordinary General Meeting, other than business that is either (i) specified in the Notice of Extraordinary General Meeting (or any supplement thereto) given by or at the direction of the directors of the Company or (ii) otherwise properly brought before the Extraordinary General Meeting in accordance with the requirements set forth in the Articles.

**Other Business**

The Board does not know of any other matters to be presented at the Extraordinary General Meeting. The form of proxy accompanying this proxy statement confers discretionary authority upon the named proxy holders with respect to amendments or variations to the matters identified in the accompanying Notice of Extraordinary General Meeting and with respect to any other matters that may properly come before the Extraordinary General Meeting. If any additional matters are properly presented at the Extraordinary General Meeting, or at any adjournments of the Extraordinary General Meeting, the persons named in the enclosed proxy card will have discretion to vote the shares they represent in accordance with the recommendations of our board with respect to any such matters. We expect that the Class A ordinary shares represented by properly submitted proxies will be voted by the proxy holders in accordance with the recommendations of our board with respect to any such matters.

**Principal Executive Offices**

Our principal executive offices are located at 221 W 9<sup>th</sup> St #859, Wilmington, DE 19801. Our telephone number is 302-235-3848.

**PROPOSAL NO. 1 — THE NAME CHANGE PROPOSAL**

**Background**

We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.

On December 6, 2024, the Company consummated IPO of 8,625,000 units (including 1,125,000 units issued upon the full exercise of the over-allotment option, the "Units"). Simultaneously with the consummation (the "closing") of the IPO and the sale of the Units, the Company consummated the Private Placement of 244,250 units (the "Private Placement Units") to the Sponsor, at a price of $10.00 per Private Placement Unit, generating total proceeds of $2,442,500. Each Unit and each Private Placement Unit consists of one Class A ordinary share, and one right to receive of one-fifth of one Class A ordinary share upon the completion of the initial Business Combination.

Of the gross proceeds received from our IPO and the sale of the private placement warrants, we deposited $86,250,000 in a trust account, maintained by Wilmington Trust, N.A., as trustee, for the benefits of the public shareholders of the Company (the "Trust Account").

The proceeds held in the Trust Account may be invested by the trustee only in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury obligations. As of July 15, 2025, funds held in the Trust Account totaled approximately $[ ] million, and were held in U.S. Treasury Bills with a maturity of 185 days or less and in money market funds which invest in U.S. Treasury securities.

On March 11, 2025, with an intention to better align our corporate profile with global trends and better represent us and our management, we, upon the shareholder approval, effected a name change from "Shepherd Ave Capital Acquisition Corporation" to "Aifeex Nexus Acquisition Corporation" (the "First Name Change").

**Reason for the Name Change Proposal**

The purpose of the name change proposal is to amend the name of the Company.

In April 2025, following the First Name Change, it came to our attention that unauthorized entities or individuals issued social media posts and posted claims on websites suggesting that the Company had been acquired or is otherwise affiliated with other companies, had chosen a target to complete its business combination, or had completed the combination. These actors were capitalizing on a similarity in the Company's name to the name of other entities.

As previously disclosed in a Current Report on Form 8-K on April 14, 2025, the Company issued a statement on that date warning investors against unauthorized use of its name by parties unaffiliated with the Company.

We wish to make clear that the parties who made those statements are not (and have never been) affiliated with the Company in any capacity. The Company remains an independent and publicly traded company that is listed on Nasdaq. As of the date hereof, we have not identified a specific target or entered into any binding letter of intent or definitive agreement with any target. Therefore, we are proposing to effect the name change to avoid misidentification or confusion of the Company's corporate profile with unaffiliated third parties.

Other than the name change, there is no change to our business, including without limitation, our insider and management, business strategy and acquisition criteria and effecting a business combination. In addition, the sponsor has agreed to loan the expenses in connection with the name change, as a result of which we do not expect any impact on the use of our current working capital.

If the Name Change Proposal is approved, the Company will submit a request to the Nasdaq Capital Market LLC to apply to change its ticker symbols for the Units, Class A ordinary shares and rights listed on the Nasdaq Global Market, from "AIFEU", "AIFE" and "AIFER", in each case, to "-U", "-" and "-R".

Shareholders will not be required to exchange outstanding share certificates for new share certificates if the Name Change Proposal is adopted.

If the Name Change Proposal is approved, the name change will be reflected in the Third Amended and Restated Memorandum of Association and Articles of Association, which form is attached to the proxy statement as *<u>Annex A</u>*.

**Vote Required for Approval**

Approval of the Name Change Proposal requires a special resolution under Cayman Islands law, being the affirmative vote of the holders of a majority of at least two-thirds of the issued and outstanding ordinary shares, who, being present and entitled to vote at the Extraordinary General Meeting, vote at the Extraordinary General Meeting. Abstentions will be counted in connection with the determination of whether a valid quorum is established but will have no effect on any of the proposals. We believe the proposal constitutes a "non-discretionary" matter, and therefore, there will not be any broker non-votes at the Extraordinary General Meeting.

The Sponsor and all of the Company's directors and officers are expected to vote all ordinary shares owned by them in favor of the name change. On the record date, the Sponsor and all of the Company's directors and officers beneficially owned and were entitled to vote an aggregate of 8,869,250 Class A ordinary shares and 2,156,250 Class B ordinary shares. See the section entitled "*Security Ownership of Certain Beneficial Owners and Management*" for additional information regarding the holders of Class A and Class B ordinary shares and their respective ownership thereof.

**Full Text of Resolution**

 

*"**IT IS RESOLVED**, as special resolutions, that (a) the name of the Company be changed from "Aifeex Nexus Acquisition Corporation" to "Pantages Capital Acquisition Corporation" with immediate effect (the "Name Change") and (b) immediately following the Name Change being effected, the Company's Second Amended and Restated Memorandum and Articles of Association be amended and restated by their deletion in their entirety and the substitution in their place of the Third Amended and Restated Memorandum and Articles of Association in the form set forth in Annex A hereto to reflect the Name Change**.**."*

**Recommendation**

As discussed above, after careful consideration of all relevant factors, our Board has determined that the Name Change Proposal is in the best interests of the Company and its shareholders. Our Board has approved and declared advisable the adoption of the name change proposal.

**OUR BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE "FOR"<br> THE NAME CHANGE PROPOSAL.**

**PROPOSAL NO. 2 — THE ADJOURNMENT PROPOSAL**

**Overview**

The Adjournment Proposal, if adopted, will allow our Board to adjourn the Extraordinary General Meeting to a later date or dates to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Name Change Proposal. The Adjournment Proposal will only be presented at the Extraordinary General Meeting if, based on the tabulated votes, there are not sufficient votes at the time of the Extraordinary General Meeting to approve the Name Change Proposal, in which case the Adjournment Proposal will be the only proposal presented at the Extraordinary General Meeting.

**Consequences if the Adjournment Proposal is Not Approved**

If the Adjournment Proposal is not approved by our shareholders, our Board may not be able to adjourn the Extraordinary General Meeting to a later date in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Name Change Proposal.

**Vote Required for Approval**

Approval of the Adjournment Proposal requires an ordinary resolution under Cayman Islands law, being the affirmative vote of a majority of the ordinary shares who, being present and entitled to vote at the Extraordinary General Meeting, vote at the Extraordinary General Meeting. Abstentions will be counted in connection with the determination of whether a valid quorum is established but will have no effect on any of the proposal. We believe the Name Change Proposal constitutes a "non-discretionary" matter, and therefore, there will not be any broker non-votes at the Extraordinary General Meeting.

**Full Text of Resolution**

 

*"**IT IS RESOLVED**, as an ordinary resolution, that the adjournment of the Extraordinary General Meeting to a later date or dates to be determined by the chairman of the Extraordinary General Meeting, if necessary, to permit further solicitation and vote of proxies be confirmed, ratified and approved in all respects."*

**Recommendation of the Board**

As discussed above, after careful consideration of all relevant factors, our Board has determined that the adjournment proposal is in the best interests of the company and its shareholders. Therefore, if there are insufficient votes for, or otherwise in connection with, the approval of the Name Change, our board will approve and declare advisable adoption of the adjournment proposal.

**OUR BOARD OF DIRECTORS RECOMMENDS THAT, IF PRESENTED, YOU VOTE "FOR"<br> THE ADJOURNMENT PROPOSAL.**

**SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT**

The following table sets forth information regarding the beneficial ownership of the ordinary shares as of July 15, 2025, based on information obtained from the persons named below, with respect to the beneficial ownership of the shares, by:

● each person known by us to be the beneficial owner of more than 5% of our outstanding Class A ordinary shares or Class B ordinary shares;

● each of our executive officers and directors; and

● all our executive officers and directors as a group.

Unless otherwise indicated, we believe that all persons named in the table have sole voting and investment power with respect to all of our ordinary shares beneficially owned by them. The following table does not reflect record or beneficial ownership of the rights as the rights are not exchangeable into ordinary shares of the Company within 60 days of July 15, 2025.

The percentages in the following table assume that there are 11,025,500 ordinary shares issued and outstanding, of which 8,869,250 are Class A ordinary shares and 2,156,250 are Class B ordinary shares.

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| | | |
|:---|:---|:---|
| **Name and Address of Beneficial Owner<sup>(1)</sup>** | **Number of <br> Shares <br> Beneficially <br> Owned** | **Approximate <br> Percentage of <br> Outstanding <br> Shares** |
| William W. Snyder | 100000 | 0.91% |
| Jia Peng | 60000 | 0.54% |
| Evan M. Graj | 20000 | 0.18% |
| Wee Peng Siong | 20000 | 0.18% |
| Stephen Markscheid | 20000 | 0.18% |
| All directors and officers as a group (seven individuals) | 220000 | 2.00% |
| ***5% Holders*** |  |  |
| Aitefund Sponsor LLC<sup>(2)</sup> | 2180500 | 19.78% |

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(1) Unless otherwise noted, the business address of each of the
beneficial owners named in the table above is 221 W 9<sup>th</sup> St #859, Wilmington, DE 19801.

(2) Aitefund Sponsor LLC is the record holder of the shares reported
herein. Mr. Carmelo Caschetto is the manager and sole member of the sponsor and has voting and investment discretion for and on
behalf of the sponsor.

**Where You Can Find More Information**

We file reports, proxy statements and other information with the SEC as required by the Exchange Act. You can read our SEC filings, including this Proxy Statement, at the SEC's website at *http://www.sec.gov*.

If you would like additional copies of this Proxy Statement or if you have questions about the proposals to be presented at the Extraordinary General Meeting, you should contact our proxy solicitation agent at the following address and telephone number:

Advantage Proxy, Inc.<br> P.O. Box 13581<br> Des Moines, WA 98198<br> Attn: Karen Smith<br> Toll Free: (877) 870-8565<br> Collect: (206) 870-8565<br> Email: ksmith@advantageproxy.com

You may also obtain these documents by requesting them in writing from us by addressing such request to us at Aifeex Nexus Acquisition Corporation, 221 W 9<sup>th</sup> St #859, Wilmington, DE 19801.

\* \* \*

**Annex A**

**THE COMPANIES ACT (As Revised)**

**OF THE CAYMAN ISLANDS**

**COMPANY LIMITED BY SHARES**

**THIRD AMENDED AND RESTATED**

**MEMORANDUM OF ASSOCIATION**

**OF**

**PANTAGES CAPITAL ACQUISITION CORPORATION**

**(adopted by special resolution dated [ ] 2025)**

1 The name of the Company is Pantages Capital Acquisition Corporation.

2 The Registered Office of the Company shall be at the offices of Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands, or at such other place within the Cayman Islands as the Directors may decide.

3 The objects for which the Company is established are unrestricted and the Company shall have full power and authority to carry out any object not prohibited by the laws of the Cayman Islands.

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| | |
|:---|:---|
| 4 | The liability of each Member is limited to the amount unpaid on such Member's shares. |

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| | |
|:---|:---|
| 5 | The share capital of the Company is US$50,000 divided into 445,000,000 Class A ordinary shares of a par value of US$0.0001 each, 50,000,000 Class B ordinary shares of a par value of US$0.0001 each and 5,000,000 preference shares of a par value of US$0.0001 each. |

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6 The Company has power to register by way of continuation as a body corporate limited by shares under the laws of any jurisdiction outside the Cayman Islands and to be deregistered in the Cayman Islands.

7 Capitalised terms that are not defined in this Third Amended and Restated Memorandum of Association bear the respective meanings given to them in the Third Amended and Restated Articles of Association of the Company.

Annex A-1

**THE COMPANIES ACT (As Revised)**

**OF THE CAYMAN ISLANDS**

**COMPANY LIMITED BY SHARES**

**THIRD AMENDED AND RESTATED**

**ARTICLES OF ASSOCIATION**

**OF**

**PANTAGES CAPITAL ACQUISITION CORPORATION**

**(adopted by special resolution dated [ ] 2025)**

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| | |
|:---|:---|
| **1** | **Interpretation** |

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1.1 In the Articles Table A in the First Schedule to the Statute
does not apply and, unless there is something in the subject or context inconsistent therewith:

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| | |
|:---|:---|
| **"Affiliate"** | in respect of a person, means any other person that, directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such person, and (a) in the case of a natural person, shall include, without limitation, such person's spouse, parents, children, siblings, mother-in-law and father-in-law and brothers and sisters-in-law, whether by blood, marriage or adoption or anyone residing in such person's home, a trust for the benefit of any of the foregoing, a company, partnership or any natural person or entity wholly or jointly owned by any of the foregoing and (b) in the case of an entity, shall include a partnership, a corporation or any natural person or entity which directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, such entity. |
| **"Applicable Law"** | means, with respect to any person, all provisions of laws, statutes, ordinances, rules, regulations, permits, certificates, judgments, decisions, decrees or orders of any governmental authority applicable to such person. |
| **"Articles"** | means these third amended and restated articles of association of the Company. |
| **"Audit Committee"** | means the audit committee of the board of directors of the Company established pursuant to the Articles, or any successor committee. |
| **"Auditor"** | means the person for the time being performing the duties of auditor of the Company (if any). |
| **"Business Combination"** | means a merger, share exchange, asset acquisition, share purchase, reorganisation or similar business combination involving the Company, with one or more businesses or entities (the "**target business**"), which Business Combination: (a) as long as the securities of the Company are listed on the Nasdaq Stock Market LLC, must occur with one or more target businesses that together have an aggregate fair market value of at least 80% of the assets held in the Trust Account (excluding the deferred underwriting commissions and taxes payable on the income earned on the Trust Account) at the time of the signing of the definitive agreement to enter into such Business Combination; and (b) must not be solely effectuated with another blank cheque company or a similar company with nominal operations. |
| **"business day"** | means any day other than a Saturday, a Sunday or a legal holiday or a day on which banking institutions or trust companies are authorised or obligated by law to close in New York City. |

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Annex A-2

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| | |
|:---|:---|
| **"Clearing House"** | means a clearing house recognised by the laws of the jurisdiction in which the Shares (or depositary receipts therefor) are listed or quoted on a stock exchange or interdealer quotation system in such jurisdiction. |
| **"Class A Share"** | means a Class A ordinary share of a par value of US$0.0001 in the share capital of the Company. |
| **"Class B Share"** | means a Class B ordinary share of a par value of US$0.0001 in the share capital of the Company. |
| **"Company"** | means the above named company. |
| **"Company's Website"** | means the website of the Company and/or its web-address or domain name (if any). |
| **"Compensation Committee"** | means the compensation committee of the board of directors of the Company established pursuant to the Articles, or any successor committee. |
| **"Designated Stock Exchange"** | means any United States national securities exchange on which the securities of the Company are listed for trading, including the Nasdaq Stock Market LLC. |
| **"Directors"** | means the directors for the time being of the Company. |
| **"Dividend"** | means any dividend (whether interim or final) resolved to be paid on Shares pursuant to the Articles. |
| **"Electronic Communication"** | means a communication sent by electronic means, including electronic posting to the Company's Website, transmission to any number, address or internet website (including the website of the Securities and Exchange Commission) or other electronic delivery methods as otherwise decided and approved by the Directors. |
| **"Electronic Record"** | has the same meaning as in the Electronic Transactions Act. |
| **"Electronic Transactions Act"** | means the Electronic Transactions Act (As Revised) of the Cayman Islands. |
| **"Equity-linked Securities"** | means any debt or equity securities that are convertible, exercisable or exchangeable for Class A Shares issued in a financing transaction in connection with a Business Combination, including but not limited to a private placement of equity or debt. |
| **"Exchange Act"** | means the United States Securities Exchange Act of 1934, as amended, or any similar U.S. federal statute and the rules and regulations of the Securities and Exchange Commission thereunder, all as the same shall be in effect at the time. |
| **"Founders"** | means all Members immediately prior to the consummation of the IPO. |
| **"Independent Director"** | has the same meaning as in the rules and regulations of the Designated Stock Exchange or in Rule 10A-3 under the Exchange Act, as the case may be. |
| **"IPO"** | means the Company's initial public offering of securities. |
| **"Member"** | has the same meaning as in the Statute. |
| **"Memorandum"** | means the third amended and restated memorandum of association of the Company. |
| **"Officer"** | means a person appointed to hold an office in the Company. |

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Annex A-3

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| | |
|:---|:---|
| **"Ordinary Resolution"** | means a resolution passed by a simple majority of the Members as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at a general meeting, and includes a unanimous written resolution. In computing the majority when a poll is demanded regard shall be had to the number of votes to which each Member is entitled by the Articles. |
| **"Over-Allotment Option"** | means the option of the Underwriters to purchase up to an additional 15% of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions. |
| **"Preference Share"** | means a preference share of a par value of US$0.0001 in the share capital of the Company. |
| **"Public Share"** | means a Class A Share issued as part of the units (as described in the Articles) issued in the IPO. |
| **"Redemption Notice"** | means a notice in a form approved by the Company by which a holder of Public Shares is entitled to require the Company to redeem its Public Shares, subject to any conditions contained therein. |
| **"Register of Members"** | means the register of Members maintained in accordance with the Statute and includes (except where otherwise stated) any branch or duplicate register of Members. |
| **"Registered Office"** | means the registered office for the time being of the Company. |
| **"Representative"** | means a representative of the Underwriters. |
| **"Seal"** | means the common seal of the Company and includes every duplicate seal. |
| **"Securities and Exchange Commission"** | means the United States Securities and Exchange Commission. |
| **"Share"** | means a Class A Share, a Class B Share or a Preference Share and includes a fraction of a share in the Company. |
| **"Special Resolution"** | subject to Article 29.4, has the same meaning as in the Statute, and includes a unanimous written resolution. |
| **"Sponsor"** | means Aitefund Sponsor LLC, a Delaware limited liability company, and its successors or assigns. |
| **"Statute"** | means the Companies Act (As Revised) of the Cayman Islands. |
| **"Tax Filing Authorised Person"** | means such person as any Director shall designate from time to time, acting severally. |
| **"Treasury Share"** | means a Share held in the name of the Company as a treasury share in accordance with the Statute. |
| **"Trust Account"** | means the trust account established by the Company upon the consummation of the IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of units simultaneously with the closing date of the IPO, will be deposited. |
| **"Underwriter"** | means an underwriter of the IPO from time to time and any successor underwriter. |

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1.2 In the Articles:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) words importing the singular number include the plural number
and vice versa;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) words importing the masculine gender include the feminine gender;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) words importing persons include corporations as well as any
other legal or natural person;

Annex A-4

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) "written" and "in writing" include all
modes of representing or reproducing words in visible form, including in the form of an Electronic Record;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) "shall" shall be construed as imperative and "may"
shall be construed as permissive;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) references to provisions of any law or regulation shall be construed
as references to those provisions as amended, modified, re-enacted or replaced;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) any phrase introduced by the terms "including",
"include", "in particular" or any similar expression shall be construed as illustrative and shall not limit the
sense of the words preceding those terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) the term "and/or" is used to mean both "and"
as well as "or." The use of "and/or" in certain contexts in no respects qualifies or modifies the use of the
terms "and" or "or" in others. The term "or" shall not be interpreted to be exclusive and the term
"and" shall not be interpreted to require the conjunctive (in each case, unless the context otherwise requires);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) headings are inserted for reference only and shall be ignored
in construing the Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) any requirements as to delivery under the Articles include delivery
in the form of an Electronic Record;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) any requirements as to execution or signature under the Articles
including the execution of the Articles themselves can be satisfied in the form of an electronic signature as defined in the Electronic
Transactions Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) sections 8 and 19(3) of the Electronic Transactions Act shall
not apply;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) the term "clear days" in relation to the period
of a notice means that period excluding the day when the notice is received or deemed to be received and the day for which it is given
or on which it is to take effect; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) the term "holder" in relation to a Share means a
person whose name is entered in the Register of Members as the holder of such Share.

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|:---|:---|
| **2** | **Commencement of Business** |

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2.1 The business of the Company may be commenced as soon after incorporation
of the Company as the Directors shall see fit.

2.2 The Directors may pay, out of the capital or any other monies
of the Company, all expenses incurred in or about the formation and establishment of the Company, including the expenses of registration.

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| | |
|:---|:---|
| **3** | **Issue of Shares and other Securities** |

---

3.1 Subject to the provisions, if any, in the Memorandum (and to
any direction that may be given by the Company in general meeting) and, where applicable, the rules and regulations of the Designated
Stock Exchange, the Securities and Exchange Commission and/or any other competent regulatory authority or otherwise under Applicable
Law, and without prejudice to any rights attached to any existing Shares, the Directors may allot, issue, grant options over or otherwise
dispose of Shares (including fractions of a Share) with or without preferred, deferred or other rights or restrictions, whether in regard
to Dividends or other distributions, voting, return of capital or otherwise and to such persons, at such times and on such other terms
as they think proper, and may also (subject to the Statute and the Articles) vary such rights, save that the Directors shall not allot,
issue, grant options over or otherwise dispose of Shares (including fractions of a Share) to the extent that it may affect the ability
of the Company to carry out a Class B Ordinary Share Conversion set out in the Articles.

3.2 The Company may issue rights, options, warrants or convertible
securities or securities of similar nature conferring the right upon the holders thereof to subscribe for, purchase or receive any class
of Shares or other securities in the Company on such terms as the Directors may from time to time determine.

Annex A-5

3.3 The Company may issue units of securities in the Company, which
may be comprised of whole or fractional Shares, rights, options, warrants or convertible securities or securities of similar nature conferring
the right upon the holders thereof to subscribe for, purchase or receive any class of Shares or other securities in the Company, upon
such terms as the Directors may from time to time determine. The securities comprising any such units which are issued pursuant to the
IPO can only be traded separately from one another on the 52<sup>nd</sup> day following the date of the prospectus relating to the
IPO unless the Representative(s) determines that an earlier date is acceptable, subject to the Company having filed a current report
on Form 8-K with the Securities and Exchange Commission and a press release announcing when such separate trading will begin. Prior to
such date, the units can be traded, but the securities comprising such units cannot be traded separately from one another.

3.4 The Company shall not issue Shares to bearer.

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| | |
|:---|:---|
| **4** | **Register of Members** |

---

4.1 The Company shall maintain or cause to be maintained the Register
of Members in accordance with the Statute.

4.2 The Directors may determine that the Company shall maintain
one or more branch registers of Members in accordance with the Statute. The Directors may also determine which register of Members shall
constitute the principal register and which shall constitute the branch register or registers, and to vary such determination from time
to time.

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| | |
|:---|:---|
| **5** | **Closing Register of Members or Fixing Record Date** |

---

5.1 For the purpose of determining Members entitled to notice of,
or to vote at any meeting of Members or any adjournment thereof, or Members entitled to receive payment of any Dividend or other distribution,
or in order to make a determination of Members for any other purpose, the Directors may, after notice has been given by advertisement
in an appointed newspaper or any other newspaper or by any other means in accordance with the rules and regulations of the Designated
Stock Exchange, the Securities and Exchange Commission and/or any other competent regulatory authority or otherwise under Applicable
Law, provide that the Register of Members shall be closed for transfers for a stated period which shall not in any case exceed forty
days.

5.2 In lieu of, or apart from, closing the Register of Members,
the Directors may fix in advance or arrears a date as the record date for any such determination of Members entitled to notice of, or
to vote at any meeting of the Members or any adjournment thereof, or for the purpose of determining the Members entitled to receive payment
of any Dividend or other distribution, or in order to make a determination of Members for any other purpose.

5.3 If the Register of Members is not so closed and no record date
is fixed for the determination of Members entitled to notice of, or to vote at, a meeting of Members or Members entitled to receive payment
of a Dividend or other distribution, the date on which notice of the meeting is sent or the date on which the resolution of the Directors
resolving to pay such Dividend or other distribution is passed, as the case may be, shall be the record date for such determination of
Members. When a determination of Members entitled to vote at any meeting of Members has been made as provided in this Article, such determination
shall apply to any adjournment thereof.

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| | |
|:---|:---|
| **6** | **Certificates for Shares** |

---

6.1 A Member shall only be entitled to a share certificate if the
Directors resolve that share certificates shall be issued. Share certificates representing Shares, if any, shall be in such form as the
Directors may determine. Share certificates shall be signed by one or more Directors or other person authorised by the Directors. The
Directors may authorise certificates to be issued with the authorised signature(s) affixed by mechanical process. All certificates for
Shares shall be consecutively numbered or otherwise identified and shall specify the Shares to which they relate. All certificates surrendered
to the Company for transfer shall be cancelled and, subject to the Articles, no new certificate shall be issued until the former certificate
representing a like number of relevant Shares shall have been surrendered and cancelled.

Annex A-6

6.2 The Company shall not be bound to issue more than one certificate
for Shares held jointly by more than one person and delivery of a certificate to one joint holder shall be a sufficient delivery to all
of them.

6.3 If a share certificate is defaced, worn out, lost or destroyed,
it may be renewed on such terms (if any) as to evidence and indemnity and on the payment of such expenses reasonably incurred by the
Company in investigating evidence, as the Directors may prescribe, and (in the case of defacement or wearing out) upon delivery of the
old certificate.

6.4 Every share certificate sent in accordance with the Articles
will be sent at the risk of the Member or other person entitled to the certificate. The Company will not be responsible for any share
certificate lost or delayed in the course of delivery.

6.5 Share certificates shall be issued within the relevant time
limit as prescribed by the Statute, if applicable, or as the rules and regulations of the Designated Stock Exchange, the Securities and
Exchange Commission and/or any other competent regulatory authority or otherwise under Applicable Law may from time to time determine,
whichever is shorter, after the allotment or, except in the case of a Share transfer which the Company is for the time being entitled
to refuse to register and does not register, after lodgement of a Share transfer with the Company.

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| | |
|:---|:---|
| **7** | **Transfer of Shares** |

---

7.1 Subject to the terms of the Articles, any Member may transfer
all or any of their Shares by an instrument of transfer provided that such transfer complies with the rules and regulations of the Designated
Stock Exchange, the Securities and Exchange Commission and/or any other competent regulatory authority or otherwise under Applicable
Law. If the Shares in question were issued in conjunction with rights, options, warrants or units issued pursuant to the Articles on
terms that one cannot be transferred without the other, the Directors shall refuse to register the transfer of any such Share without
evidence satisfactory to them of the like transfer of such right, option, warrant or unit.

7.2 The instrument of transfer of any Share shall be in writing
in the usual or common form or in a form prescribed by the rules and regulations of the Designated Stock Exchange, the Securities and
Exchange Commission and/or any other competent regulatory authority or otherwise under Applicable Law or in any other form approved by
the Directors and shall be executed by or on behalf of the transferor (and if the Directors so require, signed by or on behalf of the
transferee) and may be under hand or, if the transferor or transferee is a Clearing House or its nominee(s), by hand or by machine imprinted
signature or by such other manner of execution as the Directors may approve from time to time. The transferor shall be deemed to remain
the holder of a Share until the name of the transferee is entered in the Register of Members.

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| | |
|:---|:---|
| **8** | **Redemption, Repurchase and Surrender of Shares** |

---

8.1 Subject to the provisions of the Statute, and, where applicable,
the rules and regulations of the Designated Stock Exchange, the Securities and Exchange Commission and/or any other competent regulatory
authority or otherwise under Applicable Law, the Company may issue Shares that are to be redeemed or are liable to be redeemed at the
option of the Member or the Company. The redemption of such Shares, except Public Shares, shall be effected in such manner and upon such
other terms as the Directors or the Company, by Ordinary Resolution, may determine before the issue of such Shares. With respect to redeeming
or repurchasing the Shares:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Members who hold Public Shares are entitled to request the redemption
of such Shares in the circumstances described in the Business Combination Article hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Class B Shares held by the Sponsor shall be surrendered by the
Sponsor for no consideration on a pro-rata basis to the extent that the Over-Allotment Option is not exercised in full so that the Sponsor
will own 20% of the Company's issued Shares after the IPO (exclusive of any securities purchased in a private placement simultaneously
with the IPO); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Public Shares shall be repurchased by way of tender offer in
the circumstances set out in the Business Combination Article hereof.

Annex A-7

8.2 Subject to the provisions of the Statute, and, where applicable,
the rules and regulations of the Designated Stock Exchange, the Securities and Exchange Commission and/or any other competent regulatory
authority or otherwise under Applicable Law, the Company may purchase its own Shares (including any redeemable Shares) in such manner
and on such other terms as the Directors may agree with the relevant Member. For the avoidance of doubt, redemptions, repurchases and
surrenders of Shares in the circumstances described in the Article above shall not require further approval of the Members.

8.3 The Company may make a payment in respect of the redemption
or purchase of its own Shares in any manner permitted by the Statute, including out of capital.

8.4 The Directors may accept the surrender for no consideration
of any fully paid Share.

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| | |
|:---|:---|
| **9** | **Treasury Shares** |

---

9.1 The Directors may, prior to the purchase, redemption or surrender
of any Share, determine that such Share shall be held as a Treasury Share.

9.2 The Directors may determine to cancel a Treasury Share or transfer
a Treasury Share on such terms as they think proper (including, without limitation, for nil consideration).

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| | |
|:---|:---|
| **10** | **Variation of Rights of Shares** |

---

10.1 Subject to Article 3.1, if at any time the share capital of
the Company is divided into different classes of Shares, all or any of the rights attached to any class (unless otherwise provided by
the terms of issue of the Shares of that class) may, whether or not the Company is being wound up, be varied without the consent of the
holders of the issued Shares of that class where such variation is considered by the Directors not to have a material adverse effect
upon such rights; otherwise, any such variation shall be made only with the consent in writing of the holders of not less than two thirds
of the issued Shares of that class, or with the approval of a resolution passed by a majority of not less than two thirds of the votes
cast at a separate meeting of the holders of the Shares of that class. For the avoidance of doubt, the Directors reserve the right, notwithstanding
that any such variation may not have a material adverse effect, to obtain consent from the holders of Shares of the relevant class. To
any such meeting all the provisions of the Articles relating to general meetings shall apply *mutatis mutandis*, except that
the necessary quorum shall be one person holding or representing by proxy at least one-third of the issued Shares of the class and that
any holder of Shares of the class present in person or by proxy may demand a poll.

10.2 For the purposes of a separate class meeting, the Directors
may treat two or more or all the classes of Shares as forming one class of Shares if the Directors consider that such class of Shares
would be affected in the same way by the proposals under consideration, but in any other case shall treat them as separate classes of
Shares.

10.3 The rights conferred upon the holders of the Shares of any class
issued with preferred or other rights shall not, unless otherwise expressly provided by the terms of issue of the Shares of that class,
be deemed to be varied by the creation or issue of further Shares ranking pari passu therewith or Shares issued with preferred or other
rights.

---

| | |
|:---|:---|
| **11** | **Commission on Sale of Shares** |

---

The Company may, in so far as the Statute permits, pay a commission to any person in consideration of that person subscribing or agreeing to subscribe (whether absolutely or conditionally) or procuring or agreeing to procure subscriptions (whether absolutely or conditionally) for any Shares. Such commissions may be satisfied by the payment of cash and/or the issue of fully or partly paid-up Shares. The Company may also on any issue of Shares pay such brokerage as may be lawful.

---

| | |
|:---|:---|
| **12** | **Non Recognition of Trusts** |

---

The Company shall not be bound by or compelled to recognise in any way (even when notified) any equitable, contingent, future or partial interest in any Share, or (except only as is otherwise provided by the Articles or the Statute) any other rights in respect of any Share other than an absolute right to the entirety thereof in the holder.

Annex A-8

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| | |
|:---|:---|
| **13** | **Lien on Shares** |

---

13.1 The Company shall have a first and paramount lien on all Shares
(whether fully paid-up or not) registered in the name of a Member (whether solely or jointly with others) for all debts, liabilities
or engagements to or with the Company (whether presently payable or not) by such Member or their estate, either alone or jointly with
any other person, whether a Member or not, but the Directors may at any time declare any Share to be wholly or in part exempt from the
provisions of this Article. The registration of a transfer of any such Share shall operate as a waiver of the Company's lien thereon.
The Company's lien on a Share shall also extend to any amount payable in respect of that Share.

13.2 The Company may sell, in such manner as the Directors think
fit, any Shares on which the Company has a lien, if a sum in respect of which the lien exists is presently payable, and is not paid within
14 clear days after notice has been received or deemed to have been received by the holder of the Shares, or to the person entitled to
it in consequence of the death or bankruptcy of the holder, demanding payment and stating that if the notice is not complied with the
Shares may be sold.

13.3 To give effect to any such sale the Directors may authorise
any person to execute an instrument of transfer of the Shares sold to, or in accordance with the directions of, the purchaser. The purchaser
or their nominee shall be registered as the holder of the Shares comprised in any such transfer, and they shall not be bound to see to
the application of the purchase money, nor shall their title to the Shares be affected by any irregularity or invalidity in the sale
or the exercise of the Company's power of sale under the Articles.

13.4 The net proceeds of such sale after payment of costs, shall
be applied in payment of such part of the amount in respect of which the lien exists as is presently payable and any balance shall (subject
to a like lien for sums not presently payable as existed upon the Shares before the sale) be paid to the person entitled to the Shares
at the date of the sale.

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| | |
|:---|:---|
| **14** | **Call on Shares** |

---

14.1 Subject to the terms of the allotment and issue of any Shares,
the Directors may make calls upon the Members in respect of any monies unpaid on their Shares (whether in respect of par value or premium),
and each Member shall (subject to receiving at least 14 clear days' notice specifying the time or times of payment) pay to the
Company at the time or times so specified the amount called on the Shares. A call may be revoked or postponed, in whole or in part, as
the Directors may determine. A call may be required to be paid by instalments. A person upon whom a call is made shall remain liable
for calls made upon them notwithstanding the subsequent transfer of the Shares in respect of which the call was made.

14.2 A call shall be deemed to have been made at the time when the
resolution of the Directors authorising such call was passed.

14.3 The joint holders of a Share shall be jointly and severally
liable to pay all calls in respect thereof.

14.4 If a call remains unpaid after it has become due and payable,
the person from whom it is due shall pay interest on the amount unpaid from the day it became due and payable until it is paid at such
rate as the Directors may determine (and in addition all expenses that have been incurred by the Company by reason of such non-payment),
but the Directors may waive payment of the interest or expenses wholly or in part.

14.5 An amount payable in respect of a Share on issue or allotment
or at any fixed date, whether on account of the par value of the Share or premium or otherwise, shall be deemed to be a call and if it
is not paid all the provisions of the Articles shall apply as if that amount had become due and payable by virtue of a call.

14.6 The Directors may issue Shares with different terms as to the
amount and times of payment of calls, or the interest to be paid.

14.7 The Directors may, if they think fit, receive an amount from
any Member willing to advance all or any part of the monies uncalled and unpaid upon any Shares held by that Member, and may (until the
amount would otherwise become payable) pay interest at such rate as may be agreed upon between the Directors and the Member paying such
amount in advance.

14.8 No such amount paid in advance of calls shall entitle the Member
paying such amount to any portion of a Dividend or other distribution payable in respect of any period prior to the date upon which such
amount would, but for such payment, become payable.

Annex A-9

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| | |
|:---|:---|
| **15** | **Forfeiture of Shares** |

---

15.1 If a call or instalment of a call remains unpaid after it has
become due and payable the Directors may give to the person from whom it is due not less than 14 clear days' notice requiring payment
of the amount unpaid together with any interest which may have accrued and any expenses incurred by the Company by reason of such non-payment.
The notice shall specify where payment is to be made and shall state that if the notice is not complied with the Shares in respect of
which the call was made will be liable to be forfeited.

15.2 If the notice is not complied with, any Share in respect of
which it was given may, before the payment required by the notice has been made, be forfeited by a resolution of the Directors. Such
forfeiture shall include all Dividends, other distributions or other monies payable in respect of the forfeited Share and not paid before
the forfeiture.

15.3 A forfeited Share may be sold, re-allotted or otherwise disposed
of on such terms and in such manner as the Directors think fit and at any time before a sale, re-allotment or disposition the forfeiture
may be cancelled on such terms as the Directors think fit. Where for the purposes of its disposal a forfeited Share is to be transferred
to any person the Directors may authorise some person to execute an instrument of transfer of the Share in favour of that person.

15.4 A person any of whose Shares have been forfeited shall cease
to be a Member in respect of them and shall surrender to the Company for cancellation the certificate for the Shares forfeited and shall
remain liable to pay to the Company all monies which at the date of forfeiture were payable by that person to the Company in respect
of those Shares together with interest at such rate as the Directors may determine, but that person's liability shall cease if
and when the Company shall have received payment in full of all monies due and payable by them in respect of those Shares.

15.5 A certificate in writing under the hand of one Director or Officer
that a Share has been forfeited on a specified date shall be conclusive evidence of the facts stated in it as against all persons claiming
to be entitled to the Share. The certificate shall (subject to the execution of an instrument of transfer) constitute a good title to
the Share and the person to whom the Share is sold or otherwise disposed of shall not be bound to see to the application of the purchase
money, if any, nor shall their title to the Share be affected by any irregularity or invalidity in the proceedings in reference to the
forfeiture, sale or disposal of the Share.

15.6 The provisions of the Articles as to forfeiture shall apply
in the case of non payment of any sum which, by the terms of issue of a Share, becomes payable at a fixed time, whether on account of
the par value of the Share or by way of premium as if it had been payable by virtue of a call duly made and notified.

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| | |
|:---|:---|
| **16** | **Transmission of Shares** |

---

16.1 If a Member dies, the survivor or survivors (where they were
a joint holder), or their legal personal representatives (where they were a sole holder), shall be the only persons recognised by the
Company as having any title to the deceased Member's Shares. The estate of a deceased Member is not thereby released from any liability
in respect of any Share, for which the Member was a joint or sole holder.

16.2 Any person becoming entitled to a Share in consequence of the
death or bankruptcy or liquidation or dissolution of a Member (or in any other way than by transfer) may, upon such evidence being produced
as may be required by the Directors, elect, by a notice in writing sent by that person to the Company, either to become the holder of
such Share or to have some person nominated by them registered as the holder of such Share. If they elect to have another person registered
as the holder of such Share they shall sign an instrument of transfer of that Share to that person. The Directors shall, in either case,
have the same right to decline or suspend registration as they would have had in the case of a transfer of the Share by the relevant
Member before their death or bankruptcy or liquidation or dissolution, as the case may be.

16.3 A person becoming entitled to a Share by reason of the death
or bankruptcy or liquidation or dissolution of a Member (or in any other case than by transfer) shall be entitled to the same Dividends,
other distributions and other advantages to which they would be entitled if they were the holder of such Share. However, they shall not,
before becoming a Member in respect of a Share, be entitled in respect of it to exercise any right conferred by membership in relation
to general meetings of the Company and the Directors may at any time give notice requiring any such person to elect either to be registered
or to have some person nominated by them registered as the holder of the Share (but the Directors
shall, in either case, have the same right to decline or suspend registration as they would have had in the case of a transfer of the
Share by the relevant Member before their death or bankruptcy or liquidation or dissolution or any other case than by transfer, as the
case may be). If the notice is not complied with within 90 days of being received or deemed to be received (as determined pursuant to
the Articles), the Directors may thereafter withhold payment of all Dividends, other distributions, bonuses or other monies payable in
respect of the Share until the requirements of the notice have been complied with.

Annex A-10

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| | |
|:---|:---|
| **17** | **Class B Ordinary Share Conversion** |

---

17.1 The rights attaching to the Class A Shares and Class B Shares
shall rank *pari passu* in all respects, and the Class A Shares and Class B Shares shall vote together as a single class
on all matters (subject to the Variation of Rights of Shares Article, the Votes of Members Article and the Appointment and Removal of
Directors Article hereof) with the exception that the holder of a Class B Share shall have the conversion rights referred to in this
Article.

17.2 Class B Shares shall automatically convert into Class A Shares
on a one-for-one basis: (a) at any time and from time to time at the option of the holders thereof; or (b) automatically on the day of
the consummation of a Business Combination.

17.3 References in this Article to "converted", "conversion"
or "exchange" shall mean the compulsory redemption without notice of Class B Shares of any Member and, on behalf of such
Members, automatic application of such redemption proceeds in paying for such new Class A Shares into which the Class B Shares have been
converted or exchanged at a price per Class B Share necessary to give effect to a conversion or exchange calculated on the basis that
the Class A Shares to be issued as part of the conversion or exchange will be issued at par. The Class A Shares to be issued on an exchange
or conversion shall be registered in the name of such Member or in such name as the Member may direct.

17.4 Notwithstanding anything to the contrary in this Article, in
no event may any Class B Share convert into Class A Shares at a ratio that is less than one-for-one.

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| | |
|:---|:---|
| **18** | **Amendments of Memorandum and Articles of Association and Alteration of Capital** |

---

18.1 The Company may by Ordinary Resolution:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) increase its share capital by such sum as the Ordinary Resolution
shall prescribe and with such rights, priorities and privileges annexed thereto, as the Company in general meeting may determine;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) consolidate and divide all or any of its share capital into
Shares of larger amount than its existing Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) convert all or any of its paid-up Shares into stock, and reconvert
that stock into paid-up Shares of any denomination;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) by subdivision of its existing Shares or any of them divide
the whole or any part of its share capital into Shares of smaller amount than is fixed by the Memorandum or into Shares without par value;
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) cancel any Shares that at the date of the passing of the Ordinary
Resolution have not been taken or agreed to be taken by any person and diminish the amount of its share capital by the amount of the
Shares so cancelled.

18.2 All new Shares created in accordance with the provisions of
the preceding Article shall be subject to the same provisions of the Articles with reference to the payment of calls, liens, transfer,
transmission, forfeiture and otherwise as the Shares in the original share capital.

Annex A-11

18.3 Subject to the provisions of the Statute, the provisions of
the Articles as regards the matters to be dealt with by Ordinary Resolution and Article 29.4, the Company may by Special Resolution:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) change its name;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) alter or add to the Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) alter or add to the Memorandum with respect to any objects,
powers or other matters specified therein; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) reduce its share capital or any capital redemption reserve fund.

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| | |
|:---|:---|
| **19** | **Offices and Places of Business** |

---

Subject to the provisions of the Statute, the Company may by resolution of the Directors change the location of its Registered Office. The Company may, in addition to its Registered Office, maintain such other offices or places of business as the Directors determine.

---

| | |
|:---|:---|
| **20** | **General Meetings** |

---

20.1 All general meetings other than annual general meetings shall
be called extraordinary general meetings.

20.2 The Company may, but shall not (unless required by the Statute)
be obliged to, in each year hold a general meeting as its annual general meeting, and shall specify the meeting as such in the notices
calling it. Any annual general meeting shall be held at such time and place as the Directors shall appoint. At these meetings the report
of the Directors (if any) shall be presented.

20.3 The Directors, the chief executive officer or the chairperson
of the board of Directors may call general meetings, and, for the avoidance of doubt, Members shall not have the ability to call general
meetings.

20.4 Members seeking to bring business before the annual general
meeting must deliver notice to the principal executive offices of the Company not less than 120 calendar days before the date of the
Company's proxy statement released to Members in connection with the previous year's annual general meeting or, if the Company
did not hold an annual general meeting the previous year, or if the date of the current year's annual general meeting has been
changed by more than 30 days from the date of the previous year's annual general meeting, then the deadline shall be set by the
board of Directors with such deadline being a reasonable time before the Company begins to print and send its related proxy materials.

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| | |
|:---|:---|
| **21** | **Notice of General Meetings** |

---

21.1 At least five clear days' notice shall be given of any
general meeting. Every notice shall specify the place, the day and the hour of the meeting and the general nature of the business to
be conducted at the general meeting and shall be given in the manner hereinafter mentioned or in such other manner if any as may be prescribed
by the Company, provided that a general meeting of the Company shall, whether or not the notice specified in this Article has been given
and whether or not the provisions of the Articles regarding general meetings have been complied with, be deemed to have been duly convened
if it is so agreed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in the case of an annual general meeting, by all of the Members
entitled to attend and vote at the meeting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in the case of an extraordinary general meeting, by a majority
in number of the Members having a right to attend and vote at the meeting, together holding not less than 95% in par value of the Shares
giving that right.

21.2 The accidental omission to give notice of a general meeting
to, or the non receipt of notice of a general meeting by, any person entitled to receive such notice shall not invalidate the proceedings
of that general meeting.

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| | |
|:---|:---|
| **22** | **Proceedings at General Meetings** |

---

22.1 No business shall be transacted at any general meeting unless
a quorum is present. The holders of one-third of the Shares being individuals present in person or by proxy or if a corporation or other
non-natural person by its duly authorised representative or proxy shall be a quorum.

Annex A-12

22.2 A person may participate at a general meeting by conference
telephone or other communications equipment by means of which all the persons participating in the meeting can communicate with each
other. Participation by a person in a general meeting in this manner is treated as presence in person at that meeting.

22.3 A resolution (including a Special Resolution) in writing (in
one or more counterparts) signed by or on behalf of all of the Members for the time being entitled to receive notice of and to attend
and vote at general meetings (or, being corporations or other non-natural persons, signed by their duly authorised representatives) shall
be as valid and effective as if the resolution had been passed at a general meeting of the Company duly convened and held.

22.4 If a quorum is not present within half an hour from the time
appointed for the meeting to commence, the meeting shall stand adjourned to the same day in the next week at the same time and/or place
or to such other day, time and/or place as the Directors or chairperson appointed by the Directors may determine, and if at the adjourned
meeting a quorum is not present within half an hour from the time appointed for the meeting to commence, the Members present shall be
a quorum.

22.5 The Directors may, at any time prior to the time appointed for
the meeting to commence, appoint any person to act as chairperson of a general meeting of the Company or, if the Directors do not make
any such appointment, the chairperson, if any, of the board of Directors shall preside as chairperson at such general meeting. If there
is no such chairperson, or if the person shall not be present within 15 minutes after the time appointed for the meeting to commence,
or is unwilling to act, the Directors present shall elect one of their number to be chairperson of the meeting.

22.6 If no Director is willing to act as chairperson or if no Director
is present within 15 minutes after the time appointed for the meeting to commence, the Members present shall choose one of their number
to be chairperson of the meeting.

22.7 The chairperson may, with the consent of a meeting at which
a quorum is present (and shall if so directed by the meeting) adjourn the meeting from time to time and from place to place, but no business
shall be transacted at any adjourned meeting other than the business left unfinished at the meeting from which the adjournment took place.

22.8 When a general meeting is adjourned for 30 days or more, notice
of the adjourned meeting shall be given as in the case of an original meeting. Otherwise it shall not be necessary to give any such notice
of an adjourned meeting.

22.9 If, prior to a Business Combination, a notice is issued in respect
of a general meeting and the Directors, in their absolute discretion, consider that it is impractical or undesirable for any reason to
hold that general meeting at the place, the day and the hour specified in the notice calling such general meeting, the Directors may
postpone the general meeting to another place, day and/or hour provided that notice of the place, the day and the hour of the rearranged
general meeting is promptly given to all Members. No business shall be transacted at any postponed meeting other than the business specified
in the notice of the original meeting.

22.10 When a general meeting is postponed for 30 days or more, notice
of the postponed meeting shall be given as in the case of an original meeting. Otherwise it shall not be necessary to give any such notice
of a postponed meeting. All proxy forms submitted for the original general meeting shall remain valid for the postponed meeting. The
Directors may postpone a general meeting which has already been postponed.

22.11 A resolution put to the vote of the meeting shall be decided
on a poll.

22.12 A poll shall be taken as the chairperson directs, and the result
of the poll shall be deemed to be the resolution of the general meeting at which the poll was demanded.

22.13 A poll demanded on the election of a chairperson or on a question
of adjournment shall be taken forthwith. A poll demanded on any other question shall be taken at such date, time and place as the chairperson
of the general meeting directs, and any business other than that upon which a poll has been demanded or is contingent thereon may proceed
pending the taking of the poll.

22.14 In the case of an equality of votes the chairperson shall be
entitled to a second or casting vote.

Annex A-13

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| | |
|:---|:---|
| **23** | **Votes of Members** |

---

23.1 Subject to any rights or restrictions attached to any Shares,
including as set out at Article 29.4, every Member present in any such manner shall have one vote for every Share of which they are the
holder.

23.2 In the case of joint holders the vote of the senior holder who
tenders a vote, whether in person or by proxy (or, in the case of a corporation or other non-natural person, by its duly authorised representative
or proxy), shall be accepted to the exclusion of the votes of the other joint holders, and seniority shall be determined by the order
in which the names of the holders stand in the Register of Members.

23.3 A Member of unsound mind, or in respect of whom an order has
been made by any court, having jurisdiction in lunacy, may vote by their committee, receiver, curator bonis, or other person on such
Member's behalf appointed by that court, and any such committee, receiver, curator bonis or other person may vote by proxy.

23.4 No person shall be entitled to vote at any general meeting unless
they are registered as a Member on the record date for such meeting nor unless all calls or other monies then payable by them in respect
of Shares have been paid.

23.5 No objection shall be raised as to the qualification of any
voter except at the general meeting or adjourned general meeting at which the vote objected to is given or tendered and every vote not
disallowed at the meeting shall be valid. Any objection made in due time in accordance with this Article shall be referred to the chairperson
whose decision shall be final and conclusive.

23.6 Votes may be cast either personally or by proxy (or in the case
of a corporation or other non-natural person by its duly authorised representative or proxy). A Member may appoint more than one proxy
or the same proxy under one or more instruments to attend and vote at a meeting. Where a Member appoints more than one proxy the instrument
of proxy shall specify the number of Shares in respect of which each proxy is entitled to exercise the related votes.

23.7 A Member holding more than one Share need not cast the votes
in respect of their Shares in the same way on any resolution and therefore may vote a Share or some or all such Shares either for or
against a resolution and/or abstain from voting a Share or some or all of the Shares and, subject to the terms of the instrument appointing
the proxy, a proxy appointed under one or more instruments may vote a Share or some or all of the Shares in respect of which they are
appointed either for or against a resolution and/or abstain from voting a Share or some or all of the Shares in respect of which they
are appointed.

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| | |
|:---|:---|
| **24** | **Proxies** |

---

24.1 The instrument appointing a proxy shall be in writing and
shall be executed under the hand of the appointor or of their attorney duly authorised in writing, or, if the appointor is a corporation
or other non natural person, under the hand of its duly authorised representative. A proxy need not be a Member.

24.2 The Directors may, in the notice convening any meeting or
adjourned meeting, or in an instrument of proxy sent out by the Company, specify the manner by which the instrument appointing a proxy
shall be deposited and the place and the time (being not later than the time appointed for the commencement of the meeting or adjourned
meeting to which the proxy relates) at which the instrument appointing a proxy shall be deposited. In the absence of any such direction
from the Directors in the notice convening any meeting or adjourned meeting or in an instrument of proxy sent out by the Company, the
instrument appointing a proxy shall be deposited physically at the Registered Office not less than 48 hours before the time appointed
for the meeting or adjourned meeting to commence at which the person named in the instrument proposes to vote.

24.3 The chairperson may in any event at their discretion declare
that an instrument of proxy shall be deemed to have been duly deposited. An instrument of proxy that is not deposited in the manner permitted,
or which has not been declared to have been duly deposited by the chairperson, shall be invalid.

24.4 The instrument appointing a proxy may be in any usual or common
form (or such other form as the Directors may approve) and may be expressed to be for a particular meeting or any adjournment thereof
or generally until revoked. An instrument appointing a proxy shall be deemed to include the power to demand or join or concur in demanding
a poll.

Annex A-14

24.5 Votes given in accordance with the terms of an instrument
of proxy shall be valid notwithstanding the previous death or insanity of the principal or revocation of the proxy or of the authority
under which the proxy was executed, or the transfer of the Share in respect of which the proxy is given unless notice in writing of such
death, insanity, revocation or transfer was received by the Company at the Registered Office before the commencement of the general meeting,
or adjourned meeting at which it is sought to use the proxy.

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| | |
|:---|:---|
| **25** | **Corporate Members** |

---

25.1 Any corporation or other non-natural person which is a Member
may in accordance with its constitutional documents, or in the absence of such provision by resolution of its directors or other governing
body, authorise such person as it thinks fit to act as its representative at any meeting of the Company or of any class of Members, and
the person so authorised shall be entitled to exercise the same powers on behalf of the corporation which they represent as the corporation
could exercise if it were an individual Member.

25.2 If a Clearing House (or its nominee(s)), being a corporation,
is a Member, it may authorise such persons as it sees fit to act as its representative at any meeting of the Company or at any meeting
of any class of Members provided that the authorisation shall specify the number and class of Shares in respect of which each such representative
is so authorised. Each person so authorised under the provisions of this Article shall be deemed to have been duly authorised without
further evidence of the facts and be entitled to exercise the same rights and powers on behalf of the Clearing House (or its nominee(s))
as if such person was the registered holder of such Shares held by the Clearing House (or its nominee(s)).

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| | |
|:---|:---|
| **26** | **Shares that May Not be Voted** |

---

Shares in the Company that are beneficially owned by the Company shall not be voted, directly or indirectly, at any meeting and shall not be counted in determining the total number of outstanding Shares at any given time.

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| | |
|:---|:---|
| **27** | **Directors** |

---

27.1 There shall be a board of Directors consisting of not less
than one person provided however that the Company may by Ordinary Resolution increase or reduce the limits in the number of Directors.

27.2 The Directors shall be divided into three classes: Class I,
Class II and Class III. The number of Directors in each class shall be as nearly equal as possible. Upon the adoption of the Articles,
the existing Directors shall by resolution classify themselves as Class I, Class II or Class III Directors. The Class I Directors shall
stand appointed for a term expiring at the Company's first annual general meeting, the Class II Directors shall stand appointed
for a term expiring at the Company's second annual general meeting and the Class III Directors shall stand appointed for a
term expiring at the Company's third annual general meeting. Commencing at the Company's first annual general meeting, and
at each annual general meeting thereafter, Directors appointed to succeed those Directors whose terms expire shall be appointed for a
term of office to expire at the third succeeding annual general meeting after their appointment. Except as the Statute or other Applicable
Law may otherwise require, in the interim between annual general meetings or extraordinary general meetings called for the appointment
of Directors and/or the removal of one or more Directors and the filling of any vacancy in that connection, additional Directors and
any vacancies in the board of Directors, including unfilled vacancies resulting from the removal of Directors for cause, may be filled
by the vote of a majority of the remaining Directors then in office, although less than a quorum (as defined in the Articles), or by
the sole remaining Director. All Directors shall hold office until the expiration of their respective terms of office and until their
successors shall have been appointed and qualified. A Director appointed to fill a vacancy resulting from the death, resignation or removal
of a Director shall serve for the remainder of the full term of the Director whose death, resignation or removal shall have created such
vacancy and until their successor shall have been appointed and qualified.

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| | |
|:---|:---|
| **28** | **Powers of Directors** |

---

28.1 Subject to the provisions of the Statute, the Memorandum and
the Articles and to any directions given by Special Resolution, the business of the Company shall be managed by the Directors who may
exercise all the powers of the Company. No alteration of the Memorandum or Articles and no such direction shall invalidate any prior act of the Directors which would have
been valid if that alteration had not been made or that direction had not been given. A duly convened meeting of Directors at which a
quorum is present may exercise all powers exercisable by the Directors.

Annex A-15

28.2 All cheques, promissory notes, drafts, bills of exchange and
other negotiable or transferable instruments and all receipts for monies paid to the Company shall be signed, drawn, accepted, endorsed
or otherwise executed as the case may be in such manner as the Directors shall determine by resolution.

28.3 The Directors on behalf of the Company may pay a gratuity
or pension or allowance on retirement to any Director who has held any other salaried office or place of profit with the Company or to
their surviving spouse, civil partner or dependants and may make contributions to any fund and pay premiums for the purchase or provision
of any such gratuity, pension or allowance.

28.4 The Directors may exercise all the powers of the Company to
borrow money and to mortgage or charge its undertaking, property and assets (present and future) and uncalled capital or any part thereof
and to issue debentures, debenture stock, mortgages, bonds and other such securities whether outright or as security for any debt, liability
or obligation of the Company or of any third party.

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| | |
|:---|:---|
| **29** | **Appointment and Removal of Directors** |

---

29.1 Prior to the consummation of a Business Combination, the Company
may by Ordinary Resolution of the holders of the Class B Shares appoint any person to be a Director or may by Ordinary Resolution of
the holders of the Class B Shares remove any Director. For the avoidance of doubt, prior to the consummation of a Business Combination,
holders of Class A Shares shall have no right to vote on the appointment or removal of any Director.

29.2 The Directors may appoint any person to be a Director, either
to fill a vacancy or as an additional Director provided that the appointment does not cause the number of Directors to exceed any number
fixed by or in accordance with the Articles as the maximum number of Directors.

29.3 After the consummation of a Business Combination, the Company
may by Ordinary Resolution appoint any person to be a Director or may by Ordinary Resolution remove any Director.

29.4 Prior to the consummation of a Business Combination, Article
29.1 may only be amended by a Special Resolution passed by at least 90% of such Members (which shall include a simple majority of the
holders of Class B Shares) as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at a general meeting of
which notice specifying the intention to propose the resolution as a special resolution has been given, or by way of unanimous written
resolution.

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| | |
|:---|:---|
| **30** | **Vacation of Office of Director** |

---

The office of a Director shall be vacated if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Director gives notice in writing to the Company that they
resign the office of Director; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Director is absent (for the avoidance of doubt, without
being represented by proxy) from three consecutive meetings of the board of Directors without special leave of absence from the Directors,
and the Directors pass a resolution that they have by reason of such absence vacated office; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Director dies, becomes bankrupt or makes any arrangement
or composition with their creditors generally; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the Director is found to be or becomes of unsound mind; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) all of the other Directors (being not less than two in number)
determine that the Director should be removed as a Director, either by a resolution passed by all of the other Directors at a meeting
of the Directors duly convened and held in accordance with the Articles or by a resolution in writing signed by all of the other Directors.

Annex A-16

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| | |
|:---|:---|
| **31** | **Proceedings of Directors** |

---

31.1 The quorum for the transaction of the business of the Directors
may be fixed by the Directors, and unless so fixed shall be a majority of the Directors then in office.

31.2 Subject to the provisions of the Articles, the Directors may
regulate their proceedings as they think fit. Questions arising at any meeting shall be decided by a majority of votes. In the case of
an equality of votes, the chairperson shall have a second or casting vote.

31.3 A person may participate in a meeting of the Directors or
any committee of Directors by conference telephone or other communications equipment by means of which all the persons participating
in the meeting can communicate with each other at the same time. Participation by a person in a meeting in this manner is treated as
presence in person at that meeting. Unless otherwise determined by the Directors, the meeting shall be deemed to be held at the place
where the chairperson is located at the start of the meeting.

31.4 A resolution in writing (in one or more counterparts) signed
by all the Directors or all the members of a committee of the Directors or, in the case of a resolution in writing relating to the removal
of any Director or the vacation of office by any Director, all of the Directors other than the Director who is the subject of such resolution
shall be as valid and effectual as if it had been passed at a meeting of the Directors, or committee of Directors as the case may be,
duly convened and held.

31.5 A Director may, or other Officer on the direction of a Director
shall, call a meeting of the Directors by at least two days' notice in writing to every Director which notice shall set forth the
general nature of the business to be considered unless notice is waived by all the Directors either at, before or after the meeting is
held. To any such notice of a meeting of the Directors all the provisions of the Articles relating to the giving of notices by the Company
to the Members shall apply *mutatis mutandis.* 

31.6 The continuing Directors (or a sole continuing Director, as
the case may be) may act notwithstanding any vacancy in their body, but if and so long as their number is reduced below the number fixed
by or pursuant to the Articles as the necessary quorum of Directors the continuing Directors or Director may act for the purpose of increasing
the number of Directors to be equal to such fixed number, or of summoning a general meeting of the Company, but for no other purpose.

31.7 The Directors may elect a chairperson of their board and determine
the period for which they are to hold office; but if no such chairperson is elected, or if at any meeting the chairperson is not present
within five minutes after the time appointed for the meeting to commence, the Directors present may choose one of their number to be
chairperson of the meeting.

31.8 All acts done by any meeting of the Directors or of a committee
of the Directors shall, notwithstanding that it is afterwards discovered that there was some defect in the appointment of any Director,
and/or that they or any of them were disqualified, and/or had vacated their office and/or were not entitled to vote, be as valid as if
every such person had been duly appointed and/or not disqualified to be a Director and/or had not vacated their office and/or had been
entitled to vote, as the case may be.

31.9 A Director may be represented at any meetings of the board
of Directors by a proxy appointed in writing by that Director. The proxy shall count towards the quorum and the vote of the proxy shall
for all purposes be deemed to be that of the appointing Director.

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| | |
|:---|:---|
| **32** | **Presumption of Assent** |

---

A Director who is present at a meeting of the board of Directors at which action on any Company matter is taken shall be presumed to have assented to the action taken unless their dissent shall be entered in the minutes of the meeting or unless they shall file their written dissent from such action with the person acting as the chairperson or secretary of the meeting before the adjournment thereof or shall forward such dissent by registered post to such person immediately after the adjournment of the meeting. Such right to dissent shall not apply to a Director who voted in favour of such action.

Annex A-17

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| | |
|:---|:---|
| **33** | **Directors' Interests** |

---

33.1 A Director may hold any other office or place of profit under
the Company (other than the office of Auditor) in conjunction with their office of Director for such period and on such terms as to remuneration
and otherwise as the Directors may determine.

33.2 A Director may act on their own or by, through or on behalf
of their firm in a professional capacity for the Company and they or their firm shall be entitled to remuneration for professional services
as if they were not a Director.

33.3 A Director may be or become a director or other officer of
or otherwise interested in any company promoted by the Company or in which the Company may be interested as a shareholder, a contracting
party or otherwise, and no such Director shall be accountable to the Company for any remuneration or other benefits received by them
as a director or officer of, or from their interest in, such other company.

33.4 No person shall be disqualified from the office of Director
or prevented by such office from contracting with the Company, either as vendor, purchaser or otherwise, nor shall any such contract
or any contract or transaction entered into by or on behalf of the Company in which any Director shall be in any way interested be or
be liable to be avoided, nor shall any Director so contracting or being so interested be liable to account to the Company for any profit
realised by or arising in connection with any such contract or transaction by reason of such Director holding office or of the fiduciary
relationship thereby established. A Director shall be at liberty to vote in respect of any contract or transaction in which they are
interested provided that the nature of the interest of any Director in any such contract or transaction shall be disclosed by them at
or prior to its consideration and any vote thereon.

33.5 A general notice that a Director is a shareholder, director,
officer or employee of any specified firm or company and is to be regarded as interested in any transaction with such firm or company
shall be sufficient disclosure for the purposes of voting on a resolution in respect of a contract or transaction in which they have
an interest, and after such general notice it shall not be necessary to give special notice relating to any particular transaction.

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| | |
|:---|:---|
| **34** | **Minutes** |

---

The Directors shall cause minutes to be made in books kept for the purpose of recording all appointments of Officers made by the Directors, all proceedings at meetings of the Company or the holders of any class of Shares and of the Directors, and of committees of the Directors, including the names of the Directors present at each meeting.

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| | |
|:---|:---|
| **35** | **Delegation of Directors' Powers** |

---

35.1 The Directors may delegate any of their powers, authorities
and discretions, including the power to sub-delegate, to any committee consisting of one or more Directors (including, without limitation,
the Audit Committee and the Compensation Committee). Any such delegation may be made subject to any conditions the Directors may impose
and either collaterally with or to the exclusion of their own powers and any such delegation may be revoked or altered by the Directors.
Subject to any such conditions, the proceedings of a committee of Directors shall be governed by the Articles regulating the proceedings
of Directors, so far as they are capable of applying.

35.2 The Directors may establish any committees, local boards or
agencies or appoint any person to be a manager or agent for managing the affairs of the Company and may appoint any person to be a member
of such committees, local boards or agencies. Any such appointment may be made subject to any conditions the Directors may impose, and
either collaterally with or to the exclusion of their own powers and any such appointment may be revoked or altered by the Directors.
Subject to any such conditions, the proceedings of any such committee, local board or agency shall be governed by the Articles regulating
the proceedings of Directors, so far as they are capable of applying.

35.3 The Directors may adopt formal written charters for committees.
Each of these committees shall be empowered to do all things necessary to exercise the rights of such committee set forth in the Articles
and shall have such powers as the Directors may delegate pursuant to the Articles and as required by the rules and regulations of the Designated Stock Exchange, the Securities
and Exchange Commission and/or any other competent regulatory authority or otherwise under Applicable Law. Each of the Audit Committee
and the Compensation Committee, if established, shall consist of such number of Directors as the Directors shall from time to time determine
(or such minimum number as may be required from time to time by the rules and regulations of the Designated Stock Exchange, the Securities
and Exchange Commission and/or any other competent regulatory authority or otherwise under Applicable Law). For so long as any class of
Shares is listed on the Designated Stock Exchange, the Audit Committee and the Compensation Committee shall be made up of such number
of Independent Directors as is required from time to time by the rules and regulations of the Designated Stock Exchange, the Securities
and Exchange Commission and/or any other competent regulatory authority or otherwise under Applicable Law.

Annex A-18

35.4 The Directors may by power of attorney or otherwise appoint
any person to be the agent of the Company on such conditions as the Directors may determine, provided that the delegation is not to the
exclusion of their own powers and may be revoked by the Directors at any time.

35.5 The Directors may by power of attorney or otherwise appoint
any company, firm, person or body of persons, whether nominated directly or indirectly by the Directors, to be the attorney or authorised
signatory of the Company for such purpose and with such powers, authorities and discretions (not exceeding those vested in or exercisable
by the Directors under the Articles) and for such period and subject to such conditions as they may think fit, and any such powers of
attorney or other appointment may contain such provisions for the protection and convenience of persons dealing with any such attorneys
or authorised signatories as the Directors may think fit and may also authorise any such attorney or authorised signatory to delegate
all or any of the powers, authorities and discretions vested in them.

35.6 The Directors may appoint such Officers as they consider necessary
on such terms, at such remuneration and to perform such duties, and subject to such provisions as to disqualification and removal as
the Directors may think fit. Unless otherwise specified in the terms of their appointment an Officer may be removed by resolution of
the Directors or Members. An Officer may vacate their office at any time if they give notice in writing to the Company that they resign
their office.

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| | |
|:---|:---|
| **36** | **No Minimum Shareholding** |

---

The Company in general meeting may fix a minimum shareholding required to be held by a Director, but unless and until such a shareholding qualification is fixed a Director is not required to hold Shares.

---

| | |
|:---|:---|
| **37** | **Remuneration of Directors** |

---

37.1 The remuneration to be paid to the Directors, if any, shall
be such remuneration as the Directors shall determine, provided that no cash remuneration shall be paid to any Director by the Company
prior to the consummation of a Business Combination. The Directors shall also, whether prior to or after the consummation of a Business
Combination, be entitled to be paid all travelling, hotel and other expenses properly incurred by them in connection with their attendance
at meetings of Directors or committees of Directors, or general meetings of the Company, or separate meetings of the holders of any class
of Shares or debentures of the Company, or otherwise in connection with the business of the Company or the discharge of their duties
as a Director, or to receive a fixed allowance in respect thereof as may be determined by the Directors, or a combination partly of one
such method and partly the other.

37.2 The Directors may by resolution approve additional remuneration
to any Director for any services which in the opinion of the Directors go beyond that Director's ordinary routine work as a Director.
Any fees paid to a Director who is also counsel, attorney or solicitor to the Company, or otherwise serves it in a professional capacity
shall be in addition to their remuneration as a Director.

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| | |
|:---|:---|
| **38** | **Seal** |

---

38.1 The Company may, if the Directors so determine, have a Seal.
The Seal shall only be used by the authority of the Directors or of a committee of the Directors authorised by the Directors. Every instrument
to which the Seal has been affixed shall be signed by at least one person who shall be either a Director or some Officer or other person
appointed by the Directors for the purpose.

Annex A-19

38.2 The Company may have for use in any place or places outside
the Cayman Islands a duplicate Seal or Seals each of which shall be a facsimile of the common Seal of the Company and, if the Directors
so determine, with the addition on its face of the name of every place where it is to be used.

38.3 A Director or Officer, representative or attorney of the Company
may without further authority of the Directors affix the Seal over their signature alone to any document of the Company required to be
authenticated by them under seal or to be filed with the Registrar of Companies in the Cayman Islands or elsewhere wheresoever.

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| | |
|:---|:---|
| **39** | **Dividends, Distributions and Reserve** |

---

39.1 Subject to the Statute and this Article and except as otherwise
provided by the rights attached to any Shares, the Directors may resolve to pay Dividends and other distributions on Shares in issue
and authorise payment of the Dividends or other distributions out of the funds of the Company lawfully available therefor. A Dividend
shall be deemed to be an interim Dividend unless the terms of the resolution pursuant to which the Directors resolve to pay such Dividend
specifically state that such Dividend shall be a final Dividend. No Dividend or other distribution shall be paid except out of the realised
or unrealised profits of the Company, out of the share premium account or as otherwise permitted by law.

39.2 Except as otherwise provided by the rights attached to any
Shares, all Dividends and other distributions shall be paid according to the par value of the Shares that a Member holds. If any Share
is issued on terms providing that it shall rank for Dividend as from a particular date, that Share shall rank for Dividend accordingly.

39.3 The Directors may deduct from any Dividend or other distribution
payable to any Member all sums of money (if any) then payable by the Member to the Company on account of calls or otherwise.

39.4 The Directors may resolve that any Dividend or other distribution
be paid wholly or partly by the distribution of specific assets and in particular (but without limitation) by the distribution of shares,
debentures, or securities of any other company or in any one or more of such ways and where any difficulty arises in regard to such distribution,
the Directors may settle the same as they think expedient and in particular may issue fractional Shares and may fix the value for distribution
of such specific assets or any part thereof and may determine that cash payments shall be made to any Members upon the basis of the value
so fixed in order to adjust the rights of all Members and may vest any such specific assets in trustees in such manner as may seem expedient
to the Directors.

39.5 Except as otherwise provided by the rights attached to any
Shares, Dividends and other distributions may be paid in any currency. The Directors may determine the basis of conversion for any currency
conversions that may be required and how any costs involved are to be met.

39.6 The Directors may, before resolving to pay any Dividend or
other distribution, set aside such sums as they think proper as a reserve or reserves which shall, at the discretion of the Directors,
be applicable for any purpose of the Company and pending such application may, at the discretion of the Directors, be employed in the
business of the Company.

39.7 Any Dividend, other distribution, interest or other monies
payable in cash in respect of Shares may be paid by wire transfer to the holder or by cheque or warrant sent through the post directed
to the registered address of the holder or, in the case of joint holders, to the registered address of the holder who is first named
on the Register of Members or to such person and to such address as such holder or joint holders may in writing direct. Every such cheque
or warrant shall be made payable to the order of the person to whom it is sent. Any one of two or more joint holders may give effectual
receipts for any Dividends, other distributions, bonuses, or other monies payable in respect of the Share held by them as joint holders.

39.8 No Dividend or other distribution shall bear interest against
the Company.

39.9 Any Dividend or other distribution which cannot be paid to
a Member and/or which remains unclaimed after six months from the date on which such Dividend or other distribution becomes payable may,
in the discretion of the Directors, be paid into a separate account in the Company's name, provided that the Company shall not
be constituted as a trustee in respect of that account and the Dividend or other distribution shall remain as a debt due to the Member. Any
Dividend or other distribution which remains unclaimed after a period of six years from the date on which such Dividend or other distribution
becomes payable shall be forfeited and shall revert to the Company.

Annex A-20

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| | |
|:---|:---|
| **40** | **Capitalisation** |

---

The Directors may at any time capitalise any sum standing to the credit of any of the Company's reserve accounts or funds (including the share premium account and capital redemption reserve fund) or any sum standing to the credit of the profit and loss account or otherwise available for distribution; appropriate such sum to Members in the proportions in which such sum would have been divisible amongst such Members had the same been a distribution of profits by way of Dividend or other distribution; and apply such sum on their behalf in paying up in full unissued Shares for allotment and distribution credited as fully paid-up to and amongst them in the proportion aforesaid. In such event the Directors shall do all acts and things required to give effect to such capitalisation, with full power given to the Directors to make such provisions as they think fit in the case of Shares becoming distributable in fractions (including provisions whereby the benefit of fractional entitlements accrue to the Company rather than to the Members concerned). The Directors may authorise any person to enter on behalf of all of the Members interested into an agreement with the Company providing for such capitalisation and matters incidental or relating thereto and any agreement made under such authority shall be effective and binding on all such Members and the Company.

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| | |
|:---|:---|
| **41** | **Books of Account** |

---

41.1 The Directors shall cause proper books of account (including,
where applicable, material underlying documentation including contracts and invoices) to be kept with respect to all sums of money
received and expended by the Company and the matters in respect of which the receipt or expenditure takes place, all sales and purchases
of goods by the Company and the assets and liabilities of the Company. Such books of account must be retained for a minimum period
of five years from the date on which they are prepared. Proper books shall not be deemed to be kept if there are not kept such books
of account as are necessary to give a true and fair view of the state of the Company's affairs and to explain its transactions.

41.2 The Directors shall determine whether and to what extent and
at what times and places and under what conditions or regulations the accounts and books of the Company or any of them shall be open
to the inspection of Members not being Directors and no Member (not being a Director) shall have any right of inspecting any account
or book or document of the Company except as conferred by Statute or authorised by the Directors or by the Company in general meeting.

41.3 The Directors may cause to be prepared and to be laid before
the Company in general meeting profit and loss accounts, balance sheets, group accounts (if any) and such other reports and accounts
as may be required by law.

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| | |
|:---|:---|
| **42** | **Audit** |

---

42.1 The Directors may appoint an Auditor of the Company who shall
hold office on such terms as the Directors determine.

42.2 Without prejudice to the freedom of the Directors to establish
any other committee, if the Shares (or depositary receipts therefor) are listed or quoted on the Designated Stock Exchange, and if required
by the rules and regulations of the Designated Stock Exchange, the Securities and Exchange Commission and/or any other competent
regulatory authority or otherwise under Applicable Law, the Directors shall establish and maintain an Audit Committee as a committee
of the Directors and shall adopt a formal written Audit Committee charter and review and assess the adequacy of the formal written charter
on an annual basis. The composition and responsibilities of the Audit Committee shall comply with the rules and regulations of the
Designated Stock Exchange, the Securities and Exchange Commission and/or any other competent regulatory authority or otherwise under
Applicable Law.

42.3 If the Shares (or depositary receipts therefor) are listed
or quoted on the Designated Stock Exchange, the Company shall conduct an appropriate review of all related party transactions on an ongoing
basis and shall utilise the Audit Committee for the review and approval of potential conflicts of interest.

42.4 The remuneration of the Auditor shall be fixed by the Audit
Committee (if one exists).

Annex A-21

42.5 If the office of Auditor becomes vacant by resignation or
death of the Auditor, or by their becoming incapable of acting by reason of illness or other disability at a time when their services
are required, the Directors shall fill the vacancy and determine the remuneration of such Auditor.

42.6 Every Auditor of the Company shall have a right of access
at all times to the books and accounts and vouchers of the Company and shall be entitled to require from the Directors and Officers such
information and explanation as may be necessary for the performance of the duties of the Auditor.

42.7 Auditors shall, if so required by the Directors, make a report
on the accounts of the Company during their tenure of office at the next annual general meeting following their appointment in the case
of a company which is registered with the Registrar of Companies as an ordinary company, and at the next extraordinary general meeting
following their appointment in the case of a company which is registered with the Registrar of Companies as an exempted company, and
at any other time during their term of office, upon request of the Directors or any general meeting of the Members.

42.8 Any payment made to members of the Audit Committee (if one
exists) shall require the review and approval of the Directors, with any Director interested in such payment abstaining from such review
and approval.

42.9 At least one member of the Audit Committee shall be an "audit
committee financial expert" as determined by the rules and regulations of the Designated Stock Exchange, the Securities and Exchange
Commission and/or any other competent regulatory authority or otherwise under Applicable Law. The "audit committee financial expert"
shall have such past employment experience in finance or accounting, requisite professional certification in accounting, or any other
comparable experience or background which results in the individual's financial sophistication.

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| | |
|:---|:---|
| **43** | **Notices** |

---

43.1 Notices shall be in writing and may be given by the Company
to any Member either personally or by sending it by courier, post, telex, fax or email to such Member or to such Member's address
as shown in the Register of Members (or where the notice is given by email by sending it to the email address provided by such Member).
Notice may also be served by Electronic Communication in accordance with the rules and regulations of the Designated Stock Exchange,
the Securities and Exchange Commission and/or any other competent regulatory authority or by placing it on the Company's Website.

43.2 Where a notice is sent by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) courier; service of the notice shall be deemed to be effected
by delivery of the notice to a courier company, and shall be deemed to have been received on the third day (not including Saturdays or
Sundays or public holidays) following the day on which the notice was delivered to the courier;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) post; service of the notice shall be deemed to be effected
by properly addressing, pre paying and posting a letter containing the notice, and shall be deemed to have been received on the fifth
day (not including Saturdays or Sundays or public holidays in the Cayman Islands) following the day on which the notice was posted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) telex or fax; service of the notice shall be deemed to be
effected by properly addressing and sending such notice and shall be deemed to have been received on the same day that it was transmitted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) email or other Electronic Communication; service of the notice
shall be deemed to be effected by transmitting the email to the email address provided by the intended recipient and shall be deemed
to have been received on the same day that it was sent, and it shall not be necessary for the receipt of the email to be acknowledged
by the recipient; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) placing it on the Company's Website; service of the
notice shall be deemed to have been effected one hour after the notice or document was placed on the Company's Website.

43.3 A notice may be given by the Company to the person or persons
which the Company has been advised are entitled to a Share or Shares in consequence of the death or bankruptcy of a Member in the same
manner as other notices which are required to be given under the Articles and shall be addressed to them by name, or by the title of representatives of the deceased, or trustee
of the bankrupt, or by any like description at the address supplied for that purpose by the persons claiming to be so entitled, or at
the option of the Company by giving the notice in any manner in which the same might have been given if the death or bankruptcy had not
occurred.

Annex A-22

43.4 Notice of every general meeting shall be given in any manner
authorised by the Articles to every holder of Shares carrying an entitlement to receive such notice on the record date for such meeting
except that in the case of joint holders the notice shall be sufficient if given to the joint holder first named in the Register of Members
and every person upon whom the ownership of a Share devolves because they are a legal personal representative or a trustee in bankruptcy
of a Member where the Member but for their death or bankruptcy would be entitled to receive notice of the meeting, and no other person
shall be entitled to receive notices of general meetings.

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| | |
|:---|:---|
| **44** | **Winding Up** |

---

44.1 If the Company shall be wound up, the liquidator shall apply
the assets of the Company in satisfaction of creditors' claims in such manner and order as such liquidator thinks fit. Subject
to the rights attaching to any Shares, in a winding up:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if the assets available for distribution amongst the Members
shall be insufficient to repay the whole of the Company's issued share capital, such assets shall be distributed so that, as nearly
as may be, the losses shall be borne by the Members in proportion to the par value of the Shares held by them; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the assets available for distribution amongst the Members
shall be more than sufficient to repay the whole of the Company's issued share capital at the commencement of the winding up, the
surplus shall be distributed amongst the Members in proportion to the par value of the Shares held by them at the commencement of the
winding up subject to a deduction from those Shares in respect of which there are monies due, of all monies payable to the Company for
unpaid calls or otherwise.

44.2 If the Company shall be wound up the liquidator may, subject
to the rights attaching to any Shares and with the approval of a Special Resolution of the Company and any other approval required by
the Statute, divide amongst the Members in kind the whole or any part of the assets of the Company (whether such assets shall consist
of property of the same kind or not) and may for that purpose value any assets and determine how the division shall be carried out as
between the Members or different classes of Members. The liquidator may, with the like approval, vest the whole or any part of such assets
in trustees upon such trusts for the benefit of the Members as the liquidator, with the like approval, shall think fit, but so that no
Member shall be compelled to accept any asset upon which there is a liability.

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| | |
|:---|:---|
| **45** | **Indemnity and Insurance** |

---

45.1 Every Director and Officer (which for the avoidance of doubt,
shall not include auditors of the Company), together with every former Director and former Officer (each an "**Indemnified Person** ")
shall be indemnified out of the assets of the Company against any liability, action, proceeding, claim, demand, costs, damages or expenses,
including legal expenses, whatsoever which they or any of them may incur as a result of any act or failure to act in carrying out their
functions other than such liability (if any) that they may incur by reason of their own actual fraud, wilful neglect or wilful default.
No Indemnified Person shall be liable to the Company for any loss or damage incurred by the Company as a result (whether direct or indirect)
of the carrying out of their functions unless that liability arises through the actual fraud, wilful neglect or wilful default of such
Indemnified Person. No person shall be found to have committed actual fraud, wilful neglect or wilful default under this Article unless
or until a court of competent jurisdiction shall have made a finding to that effect.

45.2 The Company shall advance to each Indemnified Person reasonable
attorneys' fees and other costs and expenses incurred in connection with the defence of any action, suit, proceeding or investigation
involving such Indemnified Person for which indemnity will or could be sought. In connection with any advance of any expenses hereunder,
the Indemnified Person shall execute an undertaking to repay the advanced amount to the Company if it shall be determined by final judgment
or other final adjudication that such Indemnified Person was not entitled to indemnification pursuant to this
Article. If it shall be determined by a final judgment or other final adjudication that such Indemnified Person was not entitled to indemnification
with respect to such judgment, costs or expenses, then such party shall not be indemnified with respect to such judgment, costs or expenses
and any advancement shall be returned to the Company (without interest) by the Indemnified Person.

Annex A-23

45.3 The Directors, on behalf of the Company, may purchase and
maintain insurance for the benefit of any Director or Officer against any liability which, by virtue of any rule of law, would otherwise
attach to such person in respect of any negligence, default, breach of duty or breach of trust of which such person may be guilty in
relation to the Company.

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| | |
|:---|:---|
| **46** | **Financial Year** |

---

Unless the Directors otherwise prescribe, the financial year of the Company shall end on 31<sup>st</sup> December in each year and, following the year of incorporation, shall begin on 1<sup>st</sup> January in each year.

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| | |
|:---|:---|
| **47** | **Transfer by Way of Continuation** |

---

If the Company is exempted as defined in the Statute, it shall, subject to the provisions of the Statute and with the approval of a Special Resolution, have the power to register by way of continuation as a body corporate under the laws of any jurisdiction outside the Cayman Islands and to be deregistered in the Cayman Islands.

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| | |
|:---|:---|
| **48** | **Mergers and Consolidations** |

---

The Company shall have the power to merge or consolidate with one or more other constituent companies (as defined in the Statute) upon such terms as the Directors may determine and (to the extent required by the Statute) with the approval of a Special Resolution.

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| | |
|:---|:---|
| **49** | **Business Combination** |

---

49.1 Notwithstanding any other provision of the Articles, this
Article shall apply during the period commencing upon the adoption of the Articles and terminating upon the first to occur of the consummation
of a Business Combination and the full distribution of the Trust Account pursuant to this Article. In the event of a conflict between
this Article and any other Articles, the provisions of this Article shall prevail.

49.2 Prior to the consummation of a Business Combination, the Company
shall either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) submit such Business Combination to its Members for approval;
or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) provide Members with the opportunity to have their Shares
repurchased by means of a tender offer for a per-Share repurchase price payable in cash, equal to the aggregate amount then on deposit
in the Trust Account, calculated as of two business days prior to the consummation of such Business Combination, including interest earned
on the Trust Account (net of taxes paid or payable, if any and up to US$100,000 of interest to pay dissolution expenses), divided by
the number of then issued Public Shares, provided that the Company shall not repurchase Public Shares in an amount that would cause the
Company's net tangible assets to be less than US$5,000,001 upon consummation of such Business Combination. Such obligation to repurchase
Shares is subject to the completion of the proposed Business Combination to which it relates.

49.3 If the Company initiates any tender offer in accordance with
Rule 13e-4 and Regulation 14E of the Exchange Act in connection with a proposed Business Combination, it shall file tender offer documents
with the Securities and Exchange Commission prior to completing such Business Combination which contain substantially the same financial
and other information about such Business Combination and the redemption rights as is required under Regulation 14A of the Exchange Act.
If, alternatively, the Company holds a general meeting to approve a proposed Business Combination, the Company will conduct any redemptions
in conjunction with a proxy solicitation pursuant to Regulation 14A of the Exchange Act, and not pursuant to the tender offer rules,
and file proxy materials with the Securities and Exchange Commission.

Annex A-24

49.4 At a general meeting called for the purposes of approving
a Business Combination pursuant to this Article, in the event that such Business Combination is approved by Ordinary Resolution, the
Company shall be authorised to consummate such Business Combination, provided that the Company shall not consummate such Business Combination
unless the Company has net tangible assets of at least US$5,000,001 immediately prior to, or upon such consummation of, or any greater
net tangible asset or cash requirement that may be contained in the agreement relating to, such Business Combination.

49.5 Any Member holding Public Shares who is not the Sponsor, a
Founder, Officer or Director may, at least two business days' prior to the general meeting at which a Business Combination is to
be voted on, elect to have their Public Shares redeemed for cash by submitting to the Company a Redemption Notice, in accordance with
any applicable requirements provided for in the related proxy materials (the "**IPO Redemption** "), provided that no such
Member acting together with any Affiliate of their or any other person with whom they are acting in concert or as a partnership, limited
partnership, syndicate, or other group for the purposes of acquiring, holding, or disposing of Shares may exercise this redemption right
with respect to more than 15% of the Public Shares in the aggregate without the prior consent of the Company and provided further that
any beneficial holder of Public Shares on whose behalf a redemption right is being exercised must identify itself to the Company in connection
with any redemption election in order to validly redeem such Public Shares. If so demanded, the Company shall pay any such redeeming
Member, regardless of whether they are voting for or against such proposed Business Combination, a per-Share redemption price payable
in cash, equal to the aggregate amount then on deposit in the Trust Account calculated as of two business days prior to the consummation
of the Business Combination, including interest earned on the Trust Account (such interest shall be net of taxes payable and up to US$100,000
of interest to pay dissolution expenses) and not previously released to the Company to pay its taxes, divided by the number of then issued
Public Shares (such redemption price being referred to herein as the "**Redemption Price** "), but only in the event that
the applicable proposed Business Combination is approved and in connection with its consummation. The Company shall not redeem Public
Shares that would cause the Company's net tangible assets to be less than US$5,000,001 following such redemptions (the "**Redemption Limitation** ").

49.6 A Member may not withdraw a Redemption Notice once submitted
to the Company unless the Directors determine (in their sole discretion) to permit the withdrawal of such redemption request (which they
may do in whole or in part).

49.7 In the event that the Company does not consummate a Business
Combination within 15 months from the consummation of the IPO (or up to 18 months if such date is extended as described in the prospectus
relating to the IPO), or such later time as the Members may approve in accordance with the Articles, the Company shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) cease all operations except for the purpose of winding up;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) as promptly as reasonably possible but not more than ten business
days thereafter, redeem the Public Shares, at a per-Share price, payable in cash, equal to the aggregate amount then on deposit in the
Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company (less taxes
payable and up to US$100,000 of interest to pay dissolution expenses), divided by the number of then Public Shares in issue, which redemption
will completely extinguish public Members' rights as Members (including the right to receive further liquidation distributions,
if any); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) as promptly as reasonably possible following such redemption,
subject to the approval of the Company's remaining Members and the Directors, liquidate and dissolve,

subject in each case to its obligations under Cayman Islands law to provide for claims of creditors and other requirements of Applicable Law.

49.8 In the event that any amendment is made to the Articles:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to modify the substance or timing of the Company's obligation
to allow redemption in connection with a Business Combination or redeem 100% of the Public Shares if the Company does not consummate
a Business Combination within 15 months from the consummation of the IPO (or up to 18 months if such date is extended as described
in the prospectus relating to the IPO), or such later time as the Members may approve in accordance with the Articles; or

Annex A-25

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with respect to any other provision relating to Members'
rights or pre-Business Combination activity,

each holder of Public Shares who is not the Sponsor, a Founder, Officer or Director shall be provided with the opportunity to request, at least two business days prior to the general meeting at which such amendment is to be voted on, to redeem their Public Shares by submitting to the Company a Redemption Notice upon the approval or effectiveness of any such amendment at a per-Share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay its taxes, divided by the number of then outstanding Public Shares. The Company's ability to provide such redemption in this Article is subject to the Redemption Limitation.

49.9 A holder of Public Shares shall be entitled to receive distributions
from the Trust Account only in the event of an IPO Redemption, a repurchase of Shares by means of a tender offer pursuant to this Article,
or a distribution of the Trust Account pursuant to this Article. In no other circumstance shall a holder of Public Shares have any right
or interest of any kind in the Trust Account.

49.10 After the issue of Public Shares, and prior to the consummation
of a Business Combination, the Company shall not issue additional Shares or any other securities that would entitle the holders thereof
to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) receive funds from the Trust Account; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) vote as a class with Public Shares on a Business Combination.

49.11 The uninterested Independent Directors shall approve any transaction
or transactions between the Company and any of the following parties:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any Member owning an interest in the voting power of the Company
that gives such Member a significant influence over the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any Director or Officer and any Affiliate of such Director
or Officer.

49.12 A Director may vote in respect of a Business Combination in
which such Director has a conflict of interest with respect to the evaluation of such Business Combination. Such Director must disclose
such interest or conflict to the other Directors.

49.13 As long as the securities of the Company are listed on the
Nasdaq Stock Market LLC, the Company must complete one or more Business Combinations having an aggregate fair market value of at least
80% of the assets held in the Trust Account (excluding the deferred underwriting commissions and taxes payable on the income earned on
the Trust Account) at the time of the Company's signing a definitive agreement in connection with a Business Combination. A Business
Combination must not be effectuated with another blank cheque company or a similar company with nominal operations.

49.14 The Company may enter into a Business Combination with a target
business that is Affiliated with the Sponsor, a Founder, a Director or an Officer. In the event the Company seeks to consummate a Business
Combination with a target that is Affiliated with the Sponsor, a Founder, a Director or an Officer, the Company, or a committee of Independent
Directors, will obtain an opinion from an independent investment banking firm or another valuation or appraisal firm that regularly renders
fairness opinions on the type of target business the Company is seeking to acquire that is a member of the United States Financial Industry
Regulatory Authority or an independent accounting firm that such a Business Combination is fair to the Company from a financial point
of view.

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| | |
|:---|:---|
| **50** | **Certain Tax Filings** |

---

Each Tax Filing Authorised Person and any such other person, acting alone, as any Director shall designate from time to time, are authorised to file tax forms SS-4, W-8 BEN, W-8 IMY, W-9, 8832 and 2553 and such other similar tax forms as are customary to file with any US state or federal governmental authorities or foreign governmental authorities in connection with the formation, activities and/or elections of the Company and such other tax forms as may be approved from time to time by any Director or Officer. The Company further ratifies and approves any such filing made by any Tax Filing Authorised Person or such other person prior to the date of the Articles.

Annex A-26

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| | |
|:---|:---|
| **51** | **Business Opportunities** |

---

51.1 To the fullest extent permitted by Applicable Law, no individual
serving as a Director or an Officer ()"**Management**") shall have any duty, except and to the extent expressly assumed
by contract, to refrain from engaging directly or indirectly in the same or similar business activities or lines of business as the Company.
To the fullest extent permitted by Applicable Law, the Company renounces any interest or expectancy of the Company in, or in being offered
an opportunity to participate in, any potential transaction or matter which may be a corporate opportunity for Management, on the one
hand, and the Company, on the other. Except to the extent expressly assumed by contract, to the fullest extent permitted by Applicable
Law, Management shall have no duty to communicate or offer any such corporate opportunity to the Company and shall not be liable to the
Company or its Members for breach of any fiduciary duty as a Member, Director and/or Officer solely by reason of the fact that such party
pursues or acquires such corporate opportunity for itself or themself, directs such corporate opportunity to another person, or does
not communicate information regarding such corporate opportunity to the Company.

51.2 Except as provided elsewhere in this Article, the Company
hereby renounces any interest or expectancy of the Company in, or in being offered an opportunity to participate in, any potential transaction
or matter which may be a corporate opportunity for both the Company and Management, about which a Director and/or Officer who is also
a member of Management acquires knowledge.

51.3 To the extent a court might hold that the conduct of any activity
related to a corporate opportunity that is renounced in this Article to be a breach of duty to the Company or its Members, the Company
hereby waives, to the fullest extent permitted by Applicable Law, any and all claims and causes of action that the Company may have for
such activities. To the fullest extent permitted by Applicable Law, the provisions of this Article apply equally to activities conducted
in the future and that have been conducted in the past.

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| | |
|:---|:---|
| **52** | **Exclusive Jurisdiction and Forum** |

---

52.1 Unless the Company consents in writing to the selection of
an alternative forum, the courts of the Cayman Islands shall have exclusive jurisdiction over any claim or dispute arising out of or
in connection with the Memorandum, the Articles or otherwise related in any way to each Member's shareholding in the Company, including
but not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any derivative action or proceeding brought on behalf of the
Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any action asserting a claim of breach of any fiduciary or
other duty owed by any current or former Director, Officer or other employee of the Company to the Company or the Members;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any action asserting a claim arising pursuant to any provision
of the Statute, the Memorandum or the Articles; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any action asserting a claim against the Company governed
by the "Internal Affairs Doctrine" (as such concept is recognised under the laws of the United States of America).

52.2 Each Member irrevocably submits to the exclusive jurisdiction
of the courts of the Cayman Islands over all such claims or disputes.

52.3 Without prejudice to any other rights or remedies that the
Company may have, each Member acknowledges that damages alone would not be an adequate remedy for any breach of the selection of the
courts of the Cayman Islands as exclusive forum and that accordingly the Company shall be entitled, without proof of special damages,
to the remedies of injunction, specific performance or other equitable relief for any threatened or actual breach of the selection of
the courts of the Cayman Islands as exclusive forum.

52.4 This Article 52 shall not apply to any action or suits brought

or any claim for which the federal district courts of the United States of America are, as a matter of the laws of the United States,
the sole and exclusive forum for determination of such a claim.

Annex A-27

**AIFEEX NEXUS ACQUISITION CORPORATION<br> THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS FOR THE<br> EXTRAORDINARY GENERAL MEETING IN LIEU OF AN ANNUAL GENERAL MEETING TO BE HELD ON AUGUST 5, 2025**

The undersigned, revoking any previous proxies relating to these shares with respect to the Proposals provided hereof hereby acknowledges receipt of the notice and Proxy Statement, dated July 16, 2025, in connection with the Extraordinary General Meeting in lieu of an annual general meeting to be held at 11:00 a.m. Eastern Time, at 44 Montgomery St, San Francisco, CA 94104, and virtually via teleconference, on August 5, 2025, for which you must register in advance at: *https://forms.office.com/r/8zPjuSP3tR*, or at such other time (the "Company") registered in the name provided, which the undersigned is entitled to vote at the Extraordinary General Meeting, and at any adjournments thereof, with all the powers the undersigned would have if personally present. Without limiting the general authorization hereby given, said proxies are, and each of them is, instructed to vote or act as follows on the proposals set forth in this Proxy Statement.

**THE SHARES REPRESENTED BY THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF YOU RETURN A SIGNED AND DATED PROXY BUT NO DIRECTION IS MADE, YOUR ORDINARY SHARES WILL BE VOTED "FOR" THE PROPOSALS SET FORTH BELOW. PLEASE MARK, SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY.** This proxy authorizes the above designated proxy to vote in his discretion on such other business as may properly come before the Extraordinary General Meeting or any adjournments or postponements thereof to the extent authorized by Rule 14a-4(c) promulgated under the Securities Exchange Act of 1934, as amended.

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT YOU VOTE "FOR" OF<br> PROPOSAL 1 AND PROPOSAL 2 SET FORTH BELOW.<br> PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE.<br> PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK

**PROPOSAL 1 — Name Change Proposal** — to approve, as special resolutions, (a) the change of the Company's name from "Aifeex Nexus Acquisition Corporation" to "Pantages Capital Acquisition Corporation" (the "Name Change") and, (b) promptly following the approval of the Name Change, the Company's Second Amended and Restated Memorandum and Articles of Association (as may be amended from time to time, the "M&A") be amended and restated by their deletion in their entirety and the substitution in their place of the Third Amended and Restated Memorandum and Articles of Association in the form set forth in Annex A of the accompanying proxy statement to reflect the Name Change (the "Name Change Proposal").

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| | | |
|:---|:---|:---|
| **For** | **Against** | **Abstain** |
| ☐ | ☐ | ☐ |

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**PROPOSAL No. 2 — Adjournment Proposal** — to approve, as an ordinary resolution, the adjournment of the Extraordinary General Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Name Change Proposal (the "Adjournment Proposal"), which will be presented at the Extraordinary General Meeting if, based on the tabulated votes, there are not sufficient votes at the time of the Extraordinary General Meeting to approve the Name Change Proposal, in which case the Adjournment Proposal will be the only proposal presented at the Extraordinary General Meeting.

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| | | |
|:---|:---|:---|
| **For** | **Against** | **Abstain** |
| ☐ | ☐ | ☐ |

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Annex A-28

For address change/comments, mark here. ☐<br> (see reverse for instructions)

Please indicate if you intend to attend this meeting ☐ YES ☐ NO

Signature of Shareholder:   <br> Date:  

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| | |
|:---|:---|
| Name shares held in (Please print): | Account Number (if any): |
| No. of Shares Entitled to Vote: | Share Certificate Number(s): |

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| | |
|:---|:---|
| **Note:** | Please sign exactly as your name or names appear in the Company's share transfer books. When shares are held jointly, each holder should sign. When signing as executor, administrator, attorney, trustee or guardian, please give full title as such. |

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If the signer is a corporation, please sign full corporate name by duly authorized officer, giving full title as such.

If the signer is a partnership, please sign in partnership name by authorized person.

Please provide any change of address information in the spaces below in order that we may update our records:

Address:

Shareholder's Signature

Shareholder's Signature

Signature should agree with name printed hereon. If share is held in the name of more than one person, EACH joint owner should sign. Executors, administrators, trustees, guardians, and attorneys should indicate the capacity in which they sign. Attorneys should submit powers of attorney.

**PLEASE SIGN, DATE AND RETURN THE PROXY IN THE ENVELOPE ENCLOSED TO VSTOCK TRANSFER LLC. THIS PROXY WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. ABSTENTIONS WILL BE COUNTED IN CONNECTION WITH THE DETERMINATION OF WHETHER A VALID QUORUM IS ESTABLISHED FOR THE EXTRAORDINARY MEETING BUT WILL HAVE NO EFFECT ON THE OUTCOME OF THE CHARTER AMENDMENT PROPOSAL, THE DIRECTOR RE-ELECTION PROPOSAL, THE AUDITOR APPOINTMENT PROPOSAL AND THE ADJOURNMENT PROPOSAL. THIS PROXY WILL REVOKE ALL PRIOR PROXIES SIGNED BY YOU.**

PLEASE COMPLETE, DATE, SIGN AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE

Annex A-29