# EDGAR Filing Document

**Accession Number:** 0001857410
**File Stem:** 0001829126-25-004110
**Filing Date:** 2025-6
**Character Count:** 50181
**Document Hash:** c3967affe709aac06bc0115d058bbb53
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001829126-25-004110.hdr.sgml**: 20250602

**ACCESSION NUMBER**: 0001829126-25-004110

**CONFORMED SUBMISSION TYPE**: 425

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20250602

**DATE AS OF CHANGE**: 20250602

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investcorp Europe Acquisition Corp I
- **CENTRAL INDEX KEY:** 0001857410
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 425
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41161
- **FILM NUMBER:** 251013005

**BUSINESS ADDRESS:**
- **STREET 1:** C/O PAGET-BROWN TRUST COMPANY LTD.
- **STREET 2:** CENTURY YARD, CRICKET SQ., P.O. BOX 1111
- **CITY:** GEORGE TOWN
- **STATE:** E9
- **ZIP:** KY1-1102
- **BUSINESS PHONE:** 1 345 949 5122

**MAIL ADDRESS:**
- **STREET 1:** C/O PAGET-BROWN TRUST COMPANY LTD.
- **STREET 2:** CENTURY YARD, CRICKET SQ., P.O. BOX 1111
- **CITY:** GEORGE TOWN
- **STATE:** E9
- **ZIP:** KY1-1102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Investcorp Asia Acquisition Corp I
- **DATE OF NAME CHANGE:** 20210416
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investcorp Europe Acquisition Corp I
- **CENTRAL INDEX KEY:** 0001857410
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 425

**BUSINESS ADDRESS:**
- **STREET 1:** C/O PAGET-BROWN TRUST COMPANY LTD.
- **STREET 2:** CENTURY YARD, CRICKET SQ., P.O. BOX 1111
- **CITY:** GEORGE TOWN
- **STATE:** E9
- **ZIP:** KY1-1102
- **BUSINESS PHONE:** 1 345 949 5122

**MAIL ADDRESS:**
- **STREET 1:** C/O PAGET-BROWN TRUST COMPANY LTD.
- **STREET 2:** CENTURY YARD, CRICKET SQ., P.O. BOX 1111
- **CITY:** GEORGE TOWN
- **STATE:** E9
- **ZIP:** KY1-1102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Investcorp Asia Acquisition Corp I
- **DATE OF NAME CHANGE:** 20210416

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 31, 2025

**Investcorp Europe Acquisition Corp I**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Cayman Islands** | **001-41161** | **N/A** |
| (State or Other Jurisdiction<br>of Incorporation) | (Commission<br>File Number) | (IRS Employer<br>Identification No.) |

---

**Century Yard, Cricket Square**

**Elgin Avenue**

**P.O. Box 1111, George Town**

**Grand Cayman, Cayman Islands**

**KY1-1102**

(Address of Principal Executive Offices) (Zip Code)

**+1 (345) 949-5122**

(Registrant's Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☒ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

**\*** **Registrant trades over the counter with the symbol "IVCB".**

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01. Entry into a Material Definitive Agreement.**

***Amendment to Purchase Agreement***

As previously reported, Investcorp Europe Acquisition Corp. I, a Cayman Islands exempted company (the "Company") Europe Acquisition Holdings Limited ("Original Sponsor"), Peter McKellar ("McKellar") Baroness Ruby McGregor-Smith ("McGregor-Smith"), Pam Jackson ("Jackson"), Laurence Ponchaut ("Ponchaut") and Adah Almutairi ("Almutairi") and Samara Special Opportunities, a Cayman Island exempted company (the "Sponsor") entered into a Purchase Agreement (the "Purchase Agreement") pursuant to which Sponsor, McKellar, McGregor-Smith, Jackson, Ponchaut and Almutairi (collectively, the "Sellers") agreed to sell certain securities of the Company to the Sponsor (the "Sponsor Handover").

On May 26, 2025, the parties thereto entered into an Amendment No. 1 to the Purchase Agreement (the "Amendment"), pursuant to which the Sellers agreed to forfeit an aggregate of 916,876 founder shares and 1,002,000 private placement warrants, as set forth therein, upon the consummation of the Company's initial business combination.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is incorporated by reference herein and filed herewith as Exhibit 10.1.

***Non-Redemption Agreement***

On March 31, 2025, the Company and the Sponsor entered into a Non-Redemption Agreement (the "NRA") in connection with the Sponsor not exercising its redemption rights with respect to 2,000,000 of the Company's Class A ordinary shares, par value $0.001 per share, and the related share consideration payment set forth therein, in connection with the extension of time for the Company to consummate an initial business combination.

The foregoing description of the NRA does not purport to be complete and is qualified in its entirety by reference to the full text of the NRA, which is incorporated by reference herein and filed herewith as Exhibit 10.2.

**Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year**

As previously reported, the shareholders of the Company approved an amendment to the Company's Amended and Restated Memorandum and Articles of Association, as amended (the "Charter"), to extend the date by which the Company must consummate an initial business combination for one (1) year, from December 17, 2024 to December 17, 2025. Under Cayman Islands law, the Extension Amendment took effect upon approval by the shareholders.

The foregoing description is qualified in its entirety by reference to the amendment to the Charter, a copy of which is attached as Exhibit 3.1 hereto and is incorporated by reference herein.

**Item 9.01. Financial Statements and Exhibits.**

The following exhibits are being filed:

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 3.1 | [Amendment to the Amended and Restated Memorandum and Articles of Association](investcorpeuropeacq_ex3-1.htm) |
| 10.1 | [Amendment No. 1 to Purchase Agreement, dated May 26, 2025](investcorpeuropeacq_ex10-1.htm) |
| 10.2 | [Non-Redemption Agreement, dated March 31, 2025](investcorpeuropeacq_ex10-2.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**<u>SIGNATURES</u>**

Under the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the duly authorized undersigned.

---

| | | | |
|:---|:---|:---|:---|
|  | **Investcorp Europe Acquisition Corp I** | **Investcorp Europe Acquisition Corp I** | **Investcorp Europe Acquisition Corp I** |
| Date: June 2, 2025 | By: | */s/ Vikas Mittal* | */s/ Vikas Mittal* |
|  |  | Name: | Vikas Mittal |
|  |  | Title: | Chief Executive Officer & Chief Financial Officer |

---

## Exhibit 3.1

**Exhibit 3.1**

EXTRACT OF SPECIAL RESOLUTION OF THE SHAREHOLDERS OF **INVESTCORP EUROPE ACQUISITION CORP I** (THE "COMPANY"), PASSED ON **DECEMBER 17, 2024:**

"FIRST, RESOLVED, as a special resolution THAT, effective immediately, the Amended and Restated Memorandum and Articles of Association of the Company be amended by deleting the text of Article 49.5 in its entirety and replacing it with the following:

49.5 In the event that either the Company (x) does not consummate a Business Combination by December 17, 2025 (the "Extended Date") or by such later time as the Members may approve in accordance with the Articles, or (y) the board of Directors elects to wind up the Company before the Extended Date, the Company shall:

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

&nbsp;&nbsp;&nbsp;&nbsp;(b) as promptly as reasonably possible but not more than 10 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 outstanding Public Shares in issue, which redemption will completely extinguish public Members' rights as Members in respect of their Public Shares (including the right to receive
 further liquidation distributions, if any) subject to the Company's obligations under Cayman Islands law to provide for claims of creditors and other
 requirements of Applicable Law; and

&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 to its obligations
 under Cayman Islands law to provide for claims of creditors and other requirements of Applicable
 Law."

WE, PAGET-BROWN FINANCIAL SERVICES LIMITED, SECRETARY OF **INVESTCORP EUROPE ACQUISITION CORP I**, DO HEREBY CERTIFY THAT THE ABOVE IS A TRUE AND CORRECT EXTRACT OF A SPECIAL RESOLUTION PASSED BY THE COMPANY AS SET OUT ABOVE.

DATED THIS 18<sup>TH</sup> DAY OF DECEMBER 2024

---

| | |
|:---|:---|
| /s/ Ryan Cooke | /s/ Ryan Cooke |
| **Paget-Brown Financial Services Limited Secretary** | **Paget-Brown Financial Services Limited Secretary** |
| By: | Ryan Cooke |

---

---

| | |
|:---|:---|
| *www.verify.gov.ky File#: 373300* | ![](ex3_1-001.jpg) |

---

## Exhibit 10.1

**Exhibit 10.1**

**AMENDMENT NO . 1 TO PURCHASE AGREEMENT**

This Amendment No. 1 (this "Amendment") to the Purchase Agreement (the "Agreement"), dated as of December 16, 2024, by and among Samara Special Opportunities, a Cayman Islands exempted company (the "Acquirer"), Investcorp Europe Acquisition Corp I, a Cayman Islands exempted company (the "SPAC"), Europe Acquisition Holdings Limited (the "Sponsor"), and each of Peter McKellar, Baroness Ruby McGregor-Smith, Pam Jackson, Laurence Ponchaut, and Adah Almutairi (each, a "Seller", and collectively with the Sponsor, the "Selling Parties", and together with the Acquirer and SPAC, the "Parties"), is entered into as of May 26, 2025, by each of the Parties to the Agreement.

WHEREAS, pursuant to the Agreement, the Selling Parties agreed to sell, and Acquirer agreed to purchase, an aggregate of 6,037,499 Class A ordinary shares, 1 Class B share, and 11,690,000 Private Placement Warrants of SPAC (the "Transferred Securities"), for an aggregate purchase price of $1.00;

WHEREAS, each of the Selling Parties retained certain Class A Shares and/or Private Placement Warrants following the closing of the Transaction (the "Retained Securities");

WHEREAS, the Parties now desire to amend the Agreement to provide for the automatic forfeiture and extinguishment of a portion of the Retained Securities upon the closing of a Business Combination (as defined in the Agreement) by the SPAC;

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Automatic Forfeiture</u>. Upon the closing of a Business Combination, each Selling Party shall, at the direction of the Acquirer, forfeit and surrender for cancellation, for no additional consideration, the number of securities set forth in the following table (the "Forfeiture"):

---

| | | |
|:---|:---|:---|
| **Selling Party** | **Class A Shares<br> to be Forfeited** | **Private<br> Placement<br> Warrants<br> to be Forfeited** |
| Peter McKellar | 61125 | \* |
| Baroness Ruby McGregor-Smith | 91688 | \* |
| Pam Jackson | 3827 | \* |
| Laurence Ponchaut | 3827 | \* |
| Adah Almutairi | 3827 | \* |
| Europe Acquisition Holdings Limited | 752582 | 1002000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Cooperation</u>. Each Selling Party shall cooperate in good faith and execute and deliver such instructions, letters, instruments, or other documents as may be reasonably requested by SPAC, Acquirer, or their agents (including SPAC's transfer agent) to effectuate the forfeiture and cancellation of the securities subject to the Forfeiture. If any Selling Party fails to comply with the foregoing agreements, such Selling Party hereby irrevocably appoints Acquirer as its attorney in fact to execute and deliver any and all agreements and instruments necessary to effectuate such agreements. The obligations of each Selling Party shall be several, and not joint and several, and no Selling Party shall be obligated to take any actions with respect to any other Selling Party or be responsible for any other Selling Party's actions or lack thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>No Other Amendments</u>. Except as specifically amended hereby, all terms, provisions, and conditions of the Agreement shall remain in full force and effect and are hereby confirmed in all respects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Miscellaneous</u>. The provisions of Section 17 of the Agreement (Miscellaneous) are hereby incorporated into this Amendment by reference and shall apply to this Amendment mutatis mutandis.

[*remainder of page intentionally left blank; signature page follows*]

IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed and delivered, all as of the Effective Date.

---

| | |
|:---|:---|
| **<u>ACQUIRER</u>:** | **<u>ACQUIRER</u>:** |
| SAMARA SPECIAL OPPORTUNITIES | SAMARA SPECIAL OPPORTUNITIES |
| By: | /s/ Vikas Mittal |
| Name: | Vikas Mittal |
| Title: | Member |

---

---

| | |
|:---|:---|
| **<u>SPAC</u>:** | **<u>SPAC</u>:** |
| INVESTCORP EUROPE ACQUISITION CORP I | INVESTCORP EUROPE ACQUISITION CORP I |
| By: | /s/ Vikas Mittal |
| Name: | Vikas Mittal |
| Title: | Chief Executive Officer |

---

---

| | |
|:---|:---|
| **<u>SPONSOR</u>:** | **<u>SPONSOR</u>:** |
| EUROPE ACQUISITION HOLDINGS LIMITED | EUROPE ACQUISITION HOLDINGS LIMITED |
| By: | /s/ Rohit Nanda |
| Name: | Rohit Nanda |
| Title: | Director |

---

---

| |
|:---|
| /s/ Peter Mckellar |
| PETER MCKELLAR |
| /s/ Baroness Ruby Mcgregor-Smith |
| BARONESS RUBY MCGREGOR-SMITH |
| /s/ Pam Jackson |
| PAM JACKSON |
| /s/ Laurence Ponchaut |
| LAURENCE PONCHAUT |
| /s/ Adah Almutairi |
| ADAH ALMUTAIRI |

---

*[Signature Page to Purchase Agreement]*

## Exhibit 10.2

**Exhibit 10.2**

**NON-REDEMPTION AGREEMENT**

This Non-Redemption Agreement (this "<u>Agreement</u>") is entered as of March 31, 2025 (the "Signing Date) by and among Investcorp Europe Acquisition Corporation I, a Cayman Islands exempted company ("<u>IVCB</u>" or the "<u>Company</u>"), Samara Special Opportunities, a Cayman Islands exempted company (the "<u>Sponsor</u>"), and the undersigned investors (collectively, the "<u>Investor</u>"), and shall be effective as of the signing of a Business Combination Agreement by the Company.

**RECITALS**

**WHEREAS**, the Sponsor currently holds IVCB Class A ordinary shares (previously Class B ordinary shares), par value $0.001 per share (the "<u>Founder Shares</u>"), which Founder Shares were initially sold in a private placement in connection with IVCB's initial public offering that closed on December 15, 2021;

**WHEREAS**, IVCB held an extraordinary general meeting of shareholders (as adjourned or postponed from time to time, the "<u>Meeting</u>") for the purpose of approving, among other proposals, an amendment to IVCB's Amended and Restated Memorandum and Articles of Association (the "<u>Charter</u>") to extend the date by which IVCB must consummate an initial business combination (the "<u>Initial Business Combination</u>") by twelve months (each such month, an "<u>Extension Month</u>") to December 17, 2025 (the "<u>Extension</u>" and together with all other proposals brought at the Meeting, the "<u>Proposals</u>") without the need to deposit additional funds into the trust account into which the proceeds of IVCB's initial public offering were deposited (the "<u>Trust Account</u>") to effect such Extension;

**WHEREAS**, the Charter provides that a shareholder of IVCB's Class A ordinary shares, par value $0.001 per share, initially sold as part of the units in IVCB's initial public offering (whether they were purchased in IVCB's initial public offering or thereafter in the open market) (the "<u>Public Shares</u>" and together with the Founder Shares, the "<u>Ordinary Shares</u>") redeemed its Public Shares for an estimated $11.58 per share (the "<u>Redemption Price</u>") in connection with the proposal to amend the Charter to effectuate the Extension upon the terms and subject to the conditions set forth in the Charter ("<u>Redemption Rights</u>");

**WHEREAS**, as of the date of this Agreement, Investor is the "beneficial owner" (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "<u>Exchange Act</u>")) of 2,000,000 Public Shares (the "<u>Investor Shares</u>") as displayed in Exhibit A attached hereto;

**WHEREAS**, Investor did not exercise its Redemption Rights in connection with the Extension, or to validly rescind any previously submitted redemption demand, with respect to the Investor Shares, subject to the terms of this Agreement; and

**WHEREAS**, subject to the terms and conditions of this Agreement, contemporaneously with the closing of the Initial Business Combination, following the satisfaction of redemption demands validly submitted by IVCB's public shareholders, the Company shall pay to Investor directly from the Company's Trust Account an amount in cash equal to Share Consideration Payment (as defined below).

**NOW THEREFORE**, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Investor, the Company and the Sponsor hereby agree as follows:

1. <u>Terms of Non-Redemption</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1. <u>Non-Redemption of Investor Shares</u>. Upon the terms and subject to the conditions of this Agreement, including the additional conditions set forth in <u>Section 1.2</u>, if (a) the Investor did not exercise (or exercised and validly rescinded) its Redemption Rights with respect to the Investor Shares in connection with the Meeting and (b) the Proposals are approved at the Meeting and implemented by the Company, then the Investor shall be deemed to have earned the Share Consideration Payment. The Share Consideration Payment is calculated as the product of (i) the Investor Shares, (ii) sixty percent and (iii) the Per-Share Redemption Price as defined in the Charter (the "<u>Share Consideration Payment</u>"). The Share Consideration Payment shall be made concurrently with the closing of the Company's Initial Business Combination directly from the Company's Trust Account in conjunction with the Company's flow of funds meeting with the Trust Account's trustee (the <u>Closing)</u>. Ahead of the Closing, the Investor shall receive a copy of any materials or memos drafted in connection with the distribution of Trust Account assets as well as be invited to attend any meetings in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2. <u>Reserved</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3. <u>Termination</u>. This Agreement and each of the obligations of the undersigned shall terminate on the earlier of, (a) the fulfillment of all obligations of parties hereto, (b) the liquidation or dissolution of IVCB, or (c) the mutual written agreement of the parties hereto.

2. <u>Representations and Warranties of the Investor</u>. The Investor represents and warrants to, and agrees with, the Sponsor and the Company that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1. <u>Accredited Investor</u>. As of the date hereof, the Investor is an institutional "accredited investor" within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933, as amended (the "<u>Securities Act</u>") or a "qualified institutional buyer" as defined in Rule 144A under the Securities Act, and acknowledges that the offer and sale contemplated hereby are being made in reliance, among other things, on a private placement exemption to "accredited investors" under the Securities Act and similar exemptions under state law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2. <u>Intent</u>. The Investor is entering into this Agreement solely for investment purposes, for such Investor's own account (and/or for the account or benefit of its members or affiliates, as permitted), and not with a view to the distribution thereof in violation of the Securities Act and the Investor has no present arrangement to sell securities of the Company to or through any person or entity except as may be permitted hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.1. The Investor agrees only with IVCB, solely for the benefit of and, notwithstanding anything else herein, enforceable only by IVCB, to waive any right that it may have to elect to have IVCB redeem any Investor Shares and agrees not to redeem or otherwise exercise any right to redeem, the Investor Shares and to reverse and revoke any prior redemption elections made with respect to the Investor Shares, in each case, solely in connection with the Proposals. For the avoidance of doubt, nothing in this Agreement is intended to restrict or prohibit the Investor's ability to redeem any Public Shares other than the Investor Shares, or to trade or redeem any Public Shares (other than the Investor Shares) in its discretion and at any time or trade or redeem any Investor Shares in its discretion and at any time after the date of the Meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3. <u>Sophisticated Investor</u>. The Investor is sophisticated in business and financial matters and able to evaluate the risks and benefits of the waiver of Redemption Rights on the terms set forth in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4. <u>Risk of Loss</u>. The Investor is aware that the investments contemplated herein are highly speculative and subject to substantial risks. The Investor is able to bear the economic risk of its investment and able to sustain a complete loss of such investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5. <u>Independent Investigation</u>. The Investor has relied upon an independent investigation of IVCB and has not relied upon any information or representations made by any third parties or upon any oral or written representations or assurances, express or implied, from the Sponsor or any representatives or agents of the Sponsor, other than as set forth in this Agreement. The Investor is familiar with the business, operations and financial condition of IVCB and has had an opportunity to ask questions of, and receive answers from IVCB's management concerning IVCB and the terms and conditions described herein and has had full access to such other information concerning IVCB as the Investor has requested. The Investor confirms that all documents that it has requested have been made available and that the Investor has been supplied with all of the additional information concerning this investment which the Investor has requested.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 <u>Disclosure of Information</u>. Investor or its advisor has had an opportunity to receive, review and understand all information related to the Company requested by it and to ask questions of and receive answers from the Company regarding the Company, its business and the terms and conditions herein, and has conducted and completed its own independent due diligence. Such Investor acknowledges that it has had an opportunity to review IVCB's filings made with the Securities and Exchange Commission (the "<u>SEC</u>") that are available on the SEC's EDGAR System. Based on the information Investor or its advisor has deemed appropriate, and without reliance on IVCB or the Sponsor or their respective advisors, has independently made its own analysis and decision to enter into this Agreement. Investor or its advisor is relying exclusively on its own sources of information, investment analysis and due diligence (including professional advice it deems appropriate), including but not limited to all business, legal, regulatory, accounting, credit and tax matters.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7 <u>Organization and Authority</u>. If an entity, the Investor is duly organized and existing under the laws of the jurisdiction in which it was organized and it possesses all requisite power and authority to enter into this Agreement and perform all the obligations required to be performed by the Investor hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8. <u>Non-U.S. Investor</u>. If the Investor is not a United States person (as defined by Section 7701(a)(30) of the U.S. Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (collectively, the "<u>Code</u>")), the Investor hereby represents that it has satisfied itself as to the full observance of the laws of its jurisdiction in connection with this Agreement, including (i) any governmental or other consents that may need to be obtained, and (ii) the income tax and other tax consequences, if any, that may be relevant to the investments described herein. The Investor's entry into this Agreement will not violate any applicable securities or other laws of the Investor's jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9. <u>Authority</u>. This Agreement has been validly authorized, executed and delivered by the Investor, assuming due authorization, execution and delivery by the Company and the Sponsor, is a valid and binding agreement of the Investor enforceable against the Investor in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization, or similar laws relating to, or affecting generally the enforcement of, creditors' rights and remedies or by equitable principles of general application and except as enforcement of rights to indemnity and contribution may be limited by federal and state securities laws or principles of public policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10. <u>No Conflicts</u>. The execution, delivery and performance of this Agreement and the consummation by the Investor of the transactions contemplated hereby do not and will not (i) result in a violation of the Investor's organizational documents, (ii) violate, conflict with or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement or instrument to which the Investor is a party, or (iii) result in a violation of any law, statute, rule or regulation to which the Investor is subject (including federal and state securities laws), or any order, judgment or decree applicable to Investor, except in the case of clauses (ii) and (iii) above, for such conflicts, defaults, rights or violations which would not reasonably be expected to prevent the Investor from fulfilling its obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11. <u>No Intent to Effect a Change of Control; Ownership</u>. Investor has no present intent to effect a "change of control" of IVCB as such term is understood under the rules promulgated pursuant to Section 13(d) of the Exchange Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.12. <u>No Advice from the Sponsor or Company</u>. The Investor has had the opportunity to review this Agreement and the transactions contemplated by this Agreement with the Investor's own legal counsel and investment and tax advisors. Except for any statements or representations of the Sponsor and the Company explicitly made in this Agreement, the Investor is relying solely on such counsel and advisors and not on any statements or representations, express or implied, of the Sponsor or the Company or any of its or their representatives or agents for any reason whatsoever, including, without limitation, for legal, tax or investment advice, with respect to this investment, the Sponsor, IVCB, the transactions contemplated by this Agreement or the securities laws of any jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.13. <u>No Other Representations and Warranties; Non-Reliance</u>. Except for the specific representations and warranties contained in this <u>Section 2</u> and in any certificate or agreement delivered pursuant hereto, the Investor has not made, does not hereby make and shall not be deemed to make any other express or implied representation or warranty with respect to the Investor, and the Investor disclaims any such representation or warranty. Except for the specific representations and warranties expressly made by the Sponsor in <u>Section 3</u> and by the Company in <u>Section 4</u> of, and elsewhere in, this Agreement and in any certificate or agreement delivered pursuant hereto, the Investor specifically disclaims that it is relying upon any other representations or warranties that may have been made by the Sponsor or the Company.

3. <u>Representations and Warranties of the Sponsor</u>. The Sponsor represents and warrants to, and agrees with, the Investor that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1. <u>Authority</u>. The Sponsor's signature to this Agreement is genuine and the Sponsor has the legal competence and capacity to execute this Agreement. This Agreement has been duly executed and delivered by the Sponsor and (assuming due authorization, execution and delivery by the Investor) constitutes the Sponsor's legal, valid and binding obligation, enforceable against the Sponsor in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization, or similar laws relating to, or affecting generally the enforcement of, creditors' rights and remedies or by equitable principles of general application and except as enforcement of rights to indemnity and contribution may be limited by federal and state securities laws or principles of public policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2. <u>No Conflicts</u>. The execution, delivery and performance of this Agreement and the consummation by the Sponsor of the transactions contemplated hereby do not violate, conflict with or constitute a default under (i) any agreement or instrument to which the Sponsor is a party or by which it is bound with respect to the Founder Shares (including the Letter Agreement) or (ii) any law, statute, rule or regulation to which the Sponsor is subject or any order, judgment or decree to which the Sponsor is subject, except, in each case, for such conflicts, defaults or violations which would not reasonably be expected to prevent the Sponsor from fulfilling its obligations under this Agreement. The Sponsor is not required under federal, state or local law, rule or regulation to obtain any consent, authorization or order of, or make any filing or registration with, any court or governmental agency or self-regulatory entity in order for it to perform any of its obligations under this Agreement in accordance with the terms hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3. <u>Reliance on Representations and Warranties</u>. The Sponsor understands and acknowledges that the Investor is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of the Sponsor set forth in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4. <u>No Pending Actions</u>. There is no action pending against the Sponsor or, to the Sponsor's knowledge, threatened against the Sponsor or, before any court, arbitrator, or governmental authority, which in any manner challenges or seeks to prevent, enjoin or materially delay the performance by the Sponsor of its obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5. <u>No Other Representations and Warranties</u>. Except for the specific representations and warranties expressly contained in this <u>Section 3</u> and elsewhere in this agreement and in any certificate or agreement delivered pursuant hereto, the Sponsor has not made, does not hereby make and shall not be deemed to make any other express or implied representation or warranty with respect to the Sponsor, the Meeting, or the Proposals, and the Sponsor disclaims any such representation or warranty.

4. <u>Representations and Warranties of the Company</u>. The Company represents and warrants to, and agrees with, the Investor that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1. <u>Organization and Authority</u>. The Company is duly organized and existing under the laws of the jurisdiction in which it was organized and it possesses all requisite power and authority enter into this Agreement and perform all the obligations required to be performed by the Company hereunder. This Agreement has been validly authorized, executed and delivered by the Company, assuming due authorization, execution and delivery by the Sponsor and the Investor, is a valid and binding agreement of the Company enforceable against the Company in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization, or similar laws relating to, or affecting generally the enforcement of, creditors' rights and remedies or by equitable principles of general application and except as enforcement of rights to indemnity and contribution may be limited by federal and state securities laws or principles of public policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2. <u>No Conflicts</u>. The execution, delivery and performance of this Agreement and the consummation by the Company of the transactions contemplated hereby do not and will not (i) result in a violation of the Company's organizational documents, (ii) violate, conflict with or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement or instrument to which the Company is a party, or (iii) result in a violation of any law, statute, rule or regulation to which the Investor is subject (including federal and state securities laws), or any order, judgment or decree applicable to the Company, except in the case of clauses (ii) and (iii) above, for such conflicts, defaults, rights or violations which would not reasonably be expected to prevent the Company from fulfilling its obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3. <u>Reliance on Representations and Warranties</u>. The Company understands and acknowledges that the Investor is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of the Company set forth in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4. <u>No Pending Actions</u>. There is no action pending against the Company or, to the Company's knowledge, threatened against the Company, before any court, arbitrator, or governmental authority, which in any manner challenges or seeks to prevent, enjoin or materially delay the performance by the Company of its obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5. <u>No Other Representations and Warranties</u>. Except for the specific representations and warranties expressly contained in this <u>Section 4</u> and elsewhere in this agreement and in any certificate or agreement delivered pursuant hereto, the Company has not made, does not hereby make and shall not be deemed to make any other express or implied representation or warranty with respect to the Company, the Meeting or the Proposals, and the Company disclaims any such representation or warranty.

5. <u>Additional Investor Covenants</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1. <u>No Borrowing</u>. The Investor hereby agrees only with IVCB, solely for the benefit of and, notwithstanding anything else herein, enforceable only by IVCB, that it shall not borrow the Investor Shares to satisfy the requirements in <u>Section 1</u>.

6. <u>Reserved</u>.

7. <u>Governing Law; Jurisdiction; Waiver of Jury Trial</u>. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to its principles or rules of conflict of laws to the extent such principles or rules would require or permit the application of the laws of another jurisdiction. The parties hereto hereby waive any right to a jury trial in connection with any litigation pursuant to this Agreement and the transactions contemplated hereby. With respect to any suit, action or proceeding relating to the transactions contemplated hereby, the undersigned irrevocably submit to the exclusive jurisdiction of the United States District Court or, if such court does not have jurisdiction, the New York state courts located in the Borough of Manhattan, State of New York.

8. <u>Assignment; Entire Agreement; Amendment</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1. <u>Assignment</u>. Any assignment of this Agreement or any right, remedy, obligation or liability arising hereunder by any party hereto to any person that is not an affiliate of such party shall require the prior written consent of the other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2. <u>Entire Agreement</u>. This Agreement sets forth the entire agreement and understanding between the parties as to the subject matter thereof and merges and supersedes all prior discussions, agreements and understandings of any and every nature among them relating to the subject matter hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3. <u>Amendment</u>. Except as expressly provided in this Agreement, neither this Agreement nor any term hereof may be amended, waived, discharged or terminated other than by a written instrument signed by the party against whom enforcement of any such amendment, waiver, discharge or termination is sought.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4. <u>Binding upon Successors</u>. This Agreement shall be binding upon and inure to the benefit of the parties hereto and to their respective heirs, legal representatives, successors and permitted assigns.

9. <u>Notices</u>. Unless otherwise provided herein, any notice or other communication to a party hereunder shall be sufficiently given if in writing and personally delivered, sent by email or other electronic transmission, provided that the sender does not receive a bounce-back reply of non-delivery, sent by courier (which for all purposes of this Agreement shall include Federal Express or another recognized overnight courier) or mailed to said party by certified mail, return receipt requested, at its address provided for herein or such other address as either may designate for itself in such notice to the other. Communications shall be deemed to have been received when delivered personally, on the scheduled arrival date when sent by next day or 2nd-day courier service, or if sent by mail, then three days after deposit in the mail. If given by electronic transmission, such notice shall be deemed to be delivered (a) if by electronic mail, when directed to an electronic mail address at which the party has provided to receive notice; and (b) if by any other form of electronic transmission, when directed to such party.

10. <u>Counterparts</u>. This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart. Counterparts may be delivered via electronic mail (including any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic Signatures and Records Act or other applicable law, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

11. <u>Survival; Severability</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1. <u>Survival</u>. The representations, warranties, covenants and agreements of the parties hereto shall survive the closing of the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2. <u>Severability</u>. In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision; provided that no such severability shall be effective if it materially changes the economic benefit of this Agreement to any party.

12. <u>Headings</u>*.* The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement.

13. <u>Disclosure; Waiver</u>. In connection with the entry into this agreement, IVCB will file all required disclosures required to comply with the rules and guidance promulgated by the SEC with respect to the Rule 14e-5 prohibition of purchases outside a tender offer, including, but not limited to, all requirements set forth in Compliance and Disclosure Interpretation 166.01 and (to the extent that it has not already filed) a Current Report on Form 8-K under the Exchange Act reporting, to the extent not previously publicly disclosed, the material terms of this Agreement. Such Form 8-K shall disclose that certain parties to non-redemption agreements intend to purchase additional Public Shares on the open market and that such purchases will be made at or below the Redemption Price and that such parties shall not vote such purchased shares in favor of the Extension. The parties to this Agreement shall cooperate with one another to assure that such disclosure is accurate. IVCB agrees that the name of the Investor shall not be included in any public disclosures related to this Agreement unless required by applicable law, rule, regulation or stock exchange rule. The Investor (i) acknowledges that the Sponsor may possess or have access to material non-public information which has not been communicated to the Investor; (ii) hereby waives any and all claims, whether at law, in equity or otherwise, that he, she, or it may now have or may hereafter acquire, whether presently known or unknown, against the Sponsor or any of IVCB's officers, directors, employees, agents, affiliates, subsidiaries, successors or assigns relating to any failure to disclose any non-public information in connection with the transaction contemplated by this Agreement, including any potential business combination involving IVCB, including, without limitation, any claims arising under Rule 10b-5 of the Exchange Act; and (iii) is aware that the Sponsor and Company are relying on the truth of the representations set forth in <u>Section 2</u> of this Agreement and the foregoing acknowledgement and waiver in this <u>Section 13</u>, in connection with the transactions contemplated by this Agreement. IVCB shall, by 9:30 a.m., New York City time, on the first business day immediately following the date of the Meeting, issue one or more press releases or file with the SEC a Current Report on Form 8-K (collectively, the "<u>Disclosure Document</u>") disclosing, to the extent not previously publicly disclosed, all material terms of the transactions contemplated hereby and any other material, nonpublic information that IVCB has provided to Investor at any time prior to the filing of the Disclosure Document. Upon the issuance of the Disclosure Document or the initial Form 8-K referred to in the first sentence of this <u>Section 13</u>, to IVCB's knowledge, Investor shall not be in possession of any material, nonpublic information received from IVCB or any of its officers, directors or employees.

14. <u>Independent Nature of Rights and Obligations</u>. Nothing contained herein, and no action taken by any party pursuant hereto, shall be deemed to constitute the Investor and the Sponsor as, and the Sponsor acknowledges that the Investor and the Sponsor do not so constitute, a partnership, a limited partnership, a syndicate, an association, a joint venture or any other kind of entity, including, but not limited to, for the purpose of acquiring, holding, or disposing of securities of IVCB, or create a presumption that the Investor and the Sponsor are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement or any matters, and the Sponsor acknowledges that the Investor and the Sponsor are not acting in concert or as a group, and the Sponsor shall not assert any such claim, with respect to such obligations or the transactions contemplated by this Agreement.

15. <u>Most Favored Nation</u>. In the event the Sponsor or IVCB has entered into or enters one or more other non-redemption agreements before or after the execution of this Agreement in connection with the Meeting, the Sponsor and IVCB represent that the terms of such other agreements are not more favorable in the aggregate to such other investors thereunder than the terms of this Agreement are in respect of the Investor. In the event that another investor is afforded any more favorable terms than the Investor, the Sponsor shall promptly inform the Investor of such more favorable terms in writing (email being sufficient), and the Investor shall have the right to elect to have such more favorable terms included herein, in which case the parties hereto shall promptly amend this Agreement to effect the same.

[SIGNATURE PAGE TO FOLLOW]

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first above written.

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| | |
|:---|:---|
| **INVESTOR:**<br>METEORA SELECT TRADING OPPORTUNITIES MASTER, LP;<br> METEORA CAPITAL PARTNERS, LP;<br> METEORA SPECIAL OPPORTUNITY FUND I, LP; AND<br> METEORA STRATEGIC CAPITAL, LLC | **INVESTOR:**<br>METEORA SELECT TRADING OPPORTUNITIES MASTER, LP;<br> METEORA CAPITAL PARTNERS, LP;<br> METEORA SPECIAL OPPORTUNITY FUND I, LP; AND<br> METEORA STRATEGIC CAPITAL, LLC |
| By: | /s/ Joseph Levy |
| Name: | Joseph Levy |
| Title: | CFO |

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| | |
|:---|:---|
| **COMPANY:** | **COMPANY:** |
| INVESTCORP EUROPE ACQUISITION CORPORATION I | INVESTCORP EUROPE ACQUISITION CORPORATION I |
| By: | /s/ Vikas Mittal |
| Name: | Vikas Mittal |
| Title: | Chief Executive Officer |
| **SPONSOR:**<br>**SAMARA SPECIAL OPPORTUNITIES** | **SPONSOR:**<br>**SAMARA SPECIAL OPPORTUNITIES** |
| By: | /s/ Vikas Mittal |
| Name: | Vikas Mittal |
| Title: | Authorized Signatory |

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*[Signature Page to Non-Redemption Agreement]*

<u>Exhibit A</u>

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| | |
|:---|:---|
| **Investor** | **Investor<br> Shares** |
| Meteora Select Trading Opportunities Master, LP | 707334 |
| Meteora Capital Partners, LP | 834304 |
| Meteora Special Opportunity Fund I, LP | 414592 |
| Meteora Strategic Capital, LLC | 43770 |
| &nbsp;&nbsp;&nbsp;**Total** | **2000000** |

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*[Exhibit A to Non-Redemption Agreement]*