Document:

Exhibit 10.1

 

 

 

 

 

 

OPTION AGREEMENT

 

among

 

NUBIAN RESOURCES LTD.

 

and

 

NUBIAN RESOURCES (USA) LTD.

 

and

 

ATHENA SILVER CORPORATION

 

Dated December 11, 2020

 

in respect of

 

Excelsior Springs Exploration Project
– Esmeralda County, Nevada

 

 

 

 

    	 	 	 

     

    

 

TABLE OF CONTENTS

 

	Article 1 INTERPRETATION	1
	1.01   Definitions	1
	1.02   Interpretation	5
	1.03   Severability	6
	1.04   Schedules	6
	Article 2 REPRESENTATIONS and WARRANTIES	6
	2.01   Representations and Warranties of Nubian Parties	6
	2.02   Benefit of Representations and Warranties of Nubian Parties	9
	2.03   Representations and Warranties of Athena	9
	2.04   Benefit and Survival of Representations and Warranties of Athena	9
	2.05   Mutual Representations and Warranties	9
	2.06   Survival of Representations and Warranties	10
	Article 3 FIRST OPTION	11
	3.01   Grant of First Option	11
	3.02   Conditions of Exercise of First Option	11
	3.03   Exercise of the First Option	11
	3.04   Accelerated First Option Exercise Conditions	11
	3.05   First Option Termination	11
	3.06   Termination Consequences – First Option	11
	Article 4 SECOND OPTION	12
	4.01   Grant of Second Option	12
	4.02   Conditions of Exercise of Second Option	12
	4.03   Exercise of the Second Option	12
	4.04   Accelerated Second Option Exercise Conditions	12
	4.05   Second Option Termination	12
	4.06   Termination Consequences – Second Option	13
	Article 5 SECURITIES LAW AND RESALE Matters; CONSOLIDATION; ANTI-DiLUTION SHARES	13
	5.01   Reliance on Prospectus and Registration Exemptions	13
	5.02   Resale Restrictions	13
	5.03   Legend	13
	5.04   Share Consolidation	13
	5.05   Anti-Dilution Right	14

 

 

 

 

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	Article 6 RIGHTS AND OBLIGATIONS	14
	6.01   Athena's Right of Entry	14
	6.02   Obligations of Athena during Option Period	14
	6.03   Obligations of Athena after Termination	15
	Article 7 TRANSFERS OF INTEREST	15
	7.01   Assignment to Wholly Owned Affiliates	15
	7.02   Ownership Structure	16
	7.03   Assignments and Transfers During Option Period	16
	Article 8 CONFIDENTIALITY; PUBLIC DISCLOSURE	17
	8.01   Confidential Information	17
	8.02   Information in Public Domain	17
	8.03   Public Disclosure	18
	Article 9 FORCE MAJEURE	18
	9.01   Force Majeure	18
	9.02   Effect of Force Majeure Events	19
	9.03   Obligation to Remove Force Majeure Events	19
	9.04   Notice	19
	Article 10 DISPUTE RESOLUTION	19
	10.01   Corporate Process	19
	10.02   Arbitration	19
	Article 11 TERMINATION; DEFAULT	20
	11.01   Termination by Notice	20
	11.02   Default	20
	11.03   Effect of Termination	20
	Article 12 INDEMNITY	20
	12.01   Indemnity for Breach of Representations, Warranties and Covenants	20
	Article 13 NOTICE	21
	Article 14 GENERAL	22
	14.01   Entire Agreement	22
	14.02   Recording of Agreement	22
	14.03   Right to Parties to Conduct Other Business	22
	14.04   Relationship of the Parties	22
	14.05   No Waiver of Breaches	22
	14.06   Governing Law	23
	14.07   Specific Remedies	23
	14.08   Further Assurances	23
	14.09   Enurement	23
	14.10   Costs	23
	14.11   Time of the Essence	23
	14.12   Counterparts and Facsimiles	23

 

 

SCHEDULE "A"DESCRIPTION OF
PROPERTY

SCHEDULE "B" MAP OF PROPERTY

SCHEDULE "C"NET SMELTER RETURNS
ROYALTY

SCHEDULE "D"INVESTOR CERTIFICATE

 

 

 

    	 	ii	 

     

    

 

OPTION AGREEMENT

 

THIS OPTION AGREEMENT made as of December
11, 2020,

 

AMONG:

 

NUBIAN
RESOURCES LTD., a company existing under the laws of the Province of British Columbia, having an office at Suite 202,
Yale Court Plaza, 2526 Yale Court, Abbotsford, British Columbia, Canada, V2S 8G9

("Nubian")

 

AND:

 

NUBIAN
RESOURCES (USA) LTD., a company existing under the laws of the State of Delaware

("Nubian Subco")

 

AND:

 

ATHENA SILVER CORPORATION, a corporation
existing under the laws of the State of Delaware, having an office at 2010A Harbison Drive, Unit 312, Vacaville, California, USA,
95687

("Athena")

 

WHEREAS:

 

		A.	Nubian and Nubian Subco are the legal and beneficial owner of the Property (as defined herein)
and the Existing Data (as defined herein);

 

		B.	On August 21, 2020, Nubian and Athena entered into a binding letter of intent (the "LOI")
setting out the general terms for an option to purchase by Athena from Nubian of a 100% interest in the Property and the Existing
Data (the "Transaction"); and

 

		C.	The Parties wish to formalize the terms of the Transaction by entering into this Agreement to replace
the LOI.

 

NOW THEREFORE THIS AGREEMENT
WITNESSETH THAT in consideration of these presents and other good and valuable consideration, the receipt and sufficiency of which
is also hereby acknowledged by each of the Parties, the Parties agree as follows:

  

Article 1

INTERPRETATION

 

		1.01	Definitions

 

For the purposes of this
Agreement and unless otherwise expressly provided, the following words and phrases shall have the following meanings:

 

"Affiliate"
means any person, partnership, joint venture, corporation or other form of enterprise, which directly or indirectly controls, is
controlled by, or is under common control with, a party to this Agreement. For the purposes of the preceding sentence, "control"
means possession, directly or indirectly, of the power to direct or cause direction of management and policies through ownership
of voting securities, contract, voting trust or otherwise;

 

 

 

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"Agreement"
means this property option agreement, as amended from time to time, and all Schedules which are incorporated by reference;

 

"Anti-Dilution
Shares" has the meaning ascribed thereto in Section 5.05(a)(iii);

 

"Applicable Law"
or "Applicable Laws" means all applicable federal, provincial, territorial, state, regional and local laws (statutory
or common), rules, ordinances (including zoning and mineral removal ordinances), regulations, grants, concessions, franchises,
licences, orders, directives, judgments, decrees, and other governmental restrictions, including permits and other similar requirements,
whether legislative, municipal, administrative or judicial in nature (including environmental laws and any applicable securities
laws or regulations) and any applicable rules of any stock exchange imposing disclosure requirements;

 

"Assets"
means the Property, the Mineral Rights, the Minerals subject to the Mineral Rights and the Existing Data and including, all associated
licences, claims, leases, permits, lease agreements, royalties, surface rights, real property rights, mill sites, tunnel sites,
water rights, options or other contractual rights to acquire real property or interests in the foregoing;

 

"Athena"
means Athena Silver Corporation, a corporation existing under the laws of the State of Delaware;

 

"Business Day"
means any day, other than a Saturday or Sunday, on which banks in Vancouver, British Columbia or Reno, Nevada are open for commercial
banking business during normal banking hours;

 

"Commencement
of Commercial Production" means the first day of the month following the first 30 consecutive days during which Minerals
have been produced from a mine at an average rate of not less than 65% of the initial rated capacity if a plant is located on the
Property or if no plant is located thereon, the last day of the first period of 30 consecutive days during which ore has been shipped
from the Property on a reasonably regular basis for the purpose of earning revenues, whether to a plant or facility constructed
for that purpose or to a plant or facility already in existence, but does not include the production of Minerals from bulk sampling
or milling for the purpose of testing or milling by a pilot plant;

 

"Confidential
Information" has the meaning ascribed thereto in Section 8.01;

 

"Consolidation"
has the meaning ascribed thereto Section 5.04;

 

"Encumbrance"
means any mortgage, charge, pledge, hypothecation, security interest, assignment, lien (statutory or otherwise), charge, title
retention agreement or arrangement, exception, reservation, easement, encroachment, right of occupation, right-of-way, right-of-entry,
matter capable of registration against title, royalty, restrictive covenant or other encumbrance or other adverse Third Party interest
of any nature; (including any execution, seizure, attachment or garnishment which binds property), regardless of form, whether
or not registered or registrable and whether or not consensual or arising by any Applicable Laws, and includes agreement to give
or create any of the foregoing;

 

"Exchange"
has the meaning ascribed thereto in Section 4.02(a);

 

"Exchange Listing"
has the meaning ascribed thereto in Section 4.02(a);

 

"Existing Data"
means all data, maps, information, reports, assays, drill core and samples from or relating to the Property, in whatever form and
including all geological, geophysical and geochemical data and drill results, in the possession or under the control of the Nubian
Parties;

 

 

 

 

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"Existing Royalty"
means a 2% net smelter returns royalty on the leased patented claims that comprise a portion of the Mineral Rights granted to Christian
W. Bramwell pursuant to a mining lease and option to purchase dated June 2, 2005 and made between Bramwell and Maximus Ventures
Ltd. ("Maximus"), as assigned by Maximus to Walker Lane Gold LLC ("Walker") pursuant to an assignment
and assumption agreement dated March 18, 2006 and further assigned by Walker to Timberwolf Minerals Ltd. ("Timberwolf")
pursuant to an assignment and assumption agreement dated February 12, 2008, and further assigned by Timberwolf to ISC Copper Systems
Ltd. pursuant to an assignment and assumption agreement dated August 29 2010;

 

"Exploration
Activities" means all activities directed toward ascertaining and evaluating the existence, location, quantity, quality
or commercial value of mineral deposits on the Property, including additional drilling required after discovery of mineral deposits;

 

"First Option"
has the meaning ascribed thereto in Section 3.01;

 

"First Option
Exercise Conditions" has the meaning ascribed thereto in Section 3.02;

 

"First Option
Exercise Date" has the meaning ascribed thereto in Section 3.03;

 

"First Option
Period" means the period commencing as of the date of the LOI and ending on the first to occur of (i) the termination
of the First Option under Section 3.05; and (ii) the First Option Exercise Date;

 

"First Option
Termination Date" has the meaning ascribed thereto in Section 3.06;

 

"Governmental
Authority" means any foreign, domestic, national, federal, provincial, territorial, state, regional, municipal or local
government or authority, quasi-governmental authority, fiscal or judicial body, government or self-regulatory organization, commission,
board, tribunal, organization, registry or any regulatory, administrative or other agency, or any political or other subdivision,
department, or branch of any of the foregoing;

 

"Interest"
means an undivided legal and beneficial interest in and to the Assets expressed as a percentage;

 

"LOI"
has the meaning ascribed thereto in Recital B hereto;

 

"Material Adverse
Change" means any change or effect (or any condition, event or development involving a prospective change or effect) which
taken as a whole, may reasonably be expected to materially reduce the value of the Property (other than a change or effect (i)
affecting the mining industry generally in the jurisdiction where the Property is located, including changes in metal prices, laws
or taxes; (ii) general or economic, financial, currency exchange or commodities market conditions; or (iii) any matter which was
publicly disclosed or which was communicated in writing to the other Party prior to the date of this Agreement);

 

"Mineral Rights"
means the mineral rights, interests and claims described and depicted in Schedules "A" and "B", respectively;

 

"Minerals"
means all ores, intermediate products and concentrates or metals derived from them, containing precious, base and industrial minerals
and which are found in, on or under, mined or otherwise produced and removed from the Property and may lawfully be explored for,
mined and sold pursuant to the rights granted by the Mineral Rights and other instruments of title under which any of the Mineral
Rights are held;

 

"Nubian"
means Nubian Resources Ltd., a company existing under the laws of the Province of British Columbia;

 

 

 

 

 

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"Nubian Parties"
means, collectively, Nubian and Nubian Subco, and "Nubian Party" means either of them;

 

"Nubian Royalty"
means the 1% net smelter returns royalty retained by Nubian Subco upon the exercise of the Second Option relating to the Mineral
Rights comprising the Property calculated and paid in accordance with Schedule "C";

 

"Nubian Subco"
means Nubian Resources (USA) Ltd., a corporation existing under the laws of the State of Delaware;

 

"Option
Period" means the period commencing as of the date of the LOI and ending on the first to occur of the First Option
Termination Date, the Second Option Termination Date or the Second Option Exercise Date, as applicable;

 

"Option Shares"
means, collectively, the shares of common stock issued by Athena in connection with exercise of the First Option and the Second
Option pursuant to Sections 3.02(b) and 4.02(c), respectively;

 

"Parties"
means, collectively, Nubian, Nubian Subco and Athena, and "Party" means any one of them; and where there is a
reference to only two Parties, the Nubian Parties shall be treated as one Party and Athena as the other Party;

 

"Permitted Encumbrance"
means: (i) any security given to a public utility or any Governmental Authority when required in the ordinary course of business
in connection with the Exploration Activities ; (ii) any reservations or exceptions contained in the claims or other original grant
of rights underlying or related to the Mineral Rights as of the date hereof; (iii) any encumbrance, right or royalty or Tax vested
in favour of any Governmental Authority arising under Applicable Laws or under the terms of any contract, mineral concession or
license as of the date hereof; (iv) any rights of way for, or reservations or rights of others relating to, sewers, water lines,
gas lines, pipelines, electric lines, telegraph and telephone lines and other similar products or services; (v) the Existing Royalty;
and (vi) the Nubian Royalty;

 

"person"
means an individual, corporation, trust, partnership, limited liability company, contractual mining company, joint venture, unincorporated
organization, firm, estate, Governmental Authority or any agency or political subdivision thereof, or other entity;

 

"Property"
means the Mineral Rights and all other mineral property interests derived from any such mineral claims. Any reference herein to
any mineral claims or other mineral property interests comprised in the Property includes any other interests into which such mineral
claims or other mineral property interests may have been converted;

 

"Public Disclosure"
includes any news release, public notice or other publicity concerning this Agreement, the Transaction or any other matter contemplated
herein, or the activities of either Party with respect thereto;

 

"Regulation S"
means Regulation S promulgated under the United States Securities Act of 1933;

 

"Second Option"
has the meaning ascribed thereto in Section 4.01;

 

"Second Option
Exercise Conditions" has the meaning ascribed thereto in Section 4.02;

 

"Second Option
Exercise Date" has the meaning ascribed thereto in Section 4.03;

 

"Second Option
Interest" has the meaning ascribed thereto in Section 4.03;

 

"Second Option
Period" means the period commencing as of the First Option Exercise Date and ending on the first to occur of (i) the Second
Option Termination Date; and (ii) the Second Option Exercise Date;

 

 

 

 

 

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"Second Option
Termination Date" has the meaning ascribed thereto in Section 4.06;

 

"Securities Laws"
means all applicable Canadian and United States federal securities laws and the respective regulations made thereunder, together
with applicable published fee schedules, prescribed forms, policy statements, notices, orders, blanket rulings and other regulatory
instruments of the securities regulatory authorities in such provinces and all rules and policies of the TSXV or such other stock
exchange on which the securities of a Party are listed at the time;

 

"Tax"
means all federal, state, provincial, territorial, regional, county, municipal, local or foreign taxes, duties, imposts, levies,
assessments, tariffs and other charges imposed, assessed or collected by a Governmental Authority, including: (i) any gross income,
net income, gross receipts, business, royalty, capital, capital gains, goods and services, value added, severance, stamp, franchise,
occupation, premium, capital stock, sales and use, real property, land transfer, personal property, ad valorem, transfer,
licence, profits, windfall profits, environmental, payroll, employment, employer health, pension plan, anti-dumping, countervail,
customs or excise tax; (ii) all withholdings on amounts paid to or by the relevant person in respect of taxes; (iii) all employment
insurance premiums, government pension plan contributions or premiums; (iv) any fine, penalty, interest, or addition to tax; (v)
any tax imposed, assessed, or collected or payable pursuant to any tax-sharing agreement or any other contract relating to the
sharing or payment of any such tax, levy, assessment, tariff, duty, deficiency, or fee; and (vi) any liability for any of the foregoing
as a transferee, successor, guarantor, or by contract or by operation of Applicable Laws;

 

"Transaction"
has the meaning ascribed thereto in Recital B hereto;

 

"Transfer"
means to sell, transfer, grant, assign, donate, create an Encumbrance, grant a right to purchase or in any other manner convey,
transfer, alienate or dispose of, or commit to do any of the foregoing;

 

"Third Party"
means a person that is not a Party or an Affiliate of a Party;

 

"TSXV"
means the TSX Venture Exchange;

 

"United States"
or "U.S." means the United States of America, its territories and possessions, any state of the United States
and the District of Columbia; and

 

"U.S. person"
means a "U.S. person" as that term is defined in Regulation S.

 

		1.02	Interpretation

 

For the purposes of this
Agreement, except as otherwise expressly provided or unless the context otherwise requires:

 

		(a)	the headings to the Articles, Sections or clauses of this Agreement are inserted for convenience
only and are not intended to affect the construction of this Agreement or any provision hereof;

 

		(b)	a reference to a numbered or lettered Article, Section, clause or Schedule refers to the Article,
Section, clause or Schedule bearing that number or letter in this Agreement, and a reference to "this Agreement", "hereof",
"hereunder", "herein" or words of similar meaning means this Agreement, including the Schedules hereto, together
with any amendments thereof;

 

		(c)	all dollar amounts expressed herein refer to the lawful currency of Canada;

 

 

 

 

 

 

 

    	 	5	 

     

    

 

		(d)	a reference to a Party is to a party to this Agreement, and a reference to a Party includes the
Party's executors, administrators, successors and permitted assigns and substitutes;

 

		(e)	any reference to a corporate entity includes, and is also a reference to, any corporate entity
that is a successor to such entity;

 

		(f)	a reference to a statute includes all regulations made thereunder, all amendments to the statute
or regulations in force from time to time, and any statute or regulation that supplements or supersedes such statute or regulations;
	 	 	 

		(g)	where any representation or warranty is expressly qualified by reference to the knowledge of a
Party, such Party shall have made due and diligent inquiry of such persons (including appropriate officers of the Party) as it
considers necessary regarding the matters that are the subject of the representation or warranty;

 

		(h)	words importing the masculine gender include the feminine or neuter, words in the singular include
the plural, words importing a corporate entity include individuals, and vice versa;

 

		(i)	the word "or" is not exclusive and the word "including" is not limiting (whether
or not non-limiting language such as "without limitation" or "but not limited to" or other words of similar
import are used with reference thereto);

 

		(j)	If any date on which any action is required to be taken hereunder by any of the Parties is not
a Business Day, such action shall be required to be taken on the next succeeding day which is a Business Day; and

 

		(k)	the representations, warranties, covenants and agreements contained in this Agreement shall not
merge and shall continue in full force and effect from and after the date hereof for the applicable period set out in this Agreement.

 

		1.03	Severability

 

If any provision of this
Agreement is or becomes illegal, invalid or unenforceable, in whole or in part, the remaining provisions shall nevertheless be
and remain valid and subsisting and the said remaining provisions shall be construed as if this Agreement had been executed without
the illegal, invalid or unenforceable portion.

 

		1.04	Schedules

 

The following schedules
are incorporated into this Agreement by reference:

  

Schedule "A"Description
of Property

Schedule "B"Map of Property

Schedule "C"Net Smelter Returns Royalty

Schedule "D"Investor Certificate

 

Article 2

REPRESENTATIONS and WARRANTIES

 

		2.01	Representations and Warranties of Nubian Parties

 

Each of the Nubian Parties
jointly and severally represents and warrants to Athena that:

 

		(a)	Nubian Subco is eligible to acquire and hold mining claims in the jurisdiction in which the Property
is situated;

 

 

 

 

 

 

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		(b)	Nubian is a "reporting issuer" under the Securities Laws of each of the Provinces of
British Columbia, Alberta, Manitoba and Ontario;

 

		(c)	to its knowledge, each of the documents that Nubian has publicly filed with the securities regulatory
authorities in Canada since January 1, 2019, is materially accurate and complete and, if applicable, complies with the requirements
as to form that apply to such document and, except to the extent modified by subsequently filed documents, contains no "misrepresentation"
within the meaning of the Securities Act (British Columbia);

 

		(d)	there is no requirement to make any filing with, give any notice to or obtain any authorization,
consent or other approval from a Governmental Authority (including of the TSXV) as a condition to the lawful completion of the
Transaction;

 

		(e)	the Mineral Rights are properly and accurately described and depicted in Schedules "A"
and "B", respectively;

 

		(f)	the Mineral Rights have been duly and validly issued, acquired (as applicable), located and recorded
in compliance to all Applicable Laws and are currently in good standing;

 

		(g)	Nubian Subco is the sole legal owner of the Property and the other Assets and has good and marketable
title to the Property and the other Assets, free and clear of all Encumbrances other than Permitted Encumbrances. For clarity and
subject to any Permitted Encumbrances, other than the Nubian Parties and Athena hereunder, no person has any right, royalty earn-in,
or other interest whatsoever, or, any agreement or commitment to acquire any such interest, in the Mineral Rights or the other
Assets, or in any production or profits from the Property;

 

		(h)	the sole registered and beneficial shareholder of Nubian Subco is Nubian, and all of the issued
and outstanding shares of Nubian Subco are owned by Nubian, free and clear of any Encumbrances;

 

		(i)	no shareholder agreement, investment agreement, or any other agreement exists, including between
the Nubian Parties, that affects the Mineral Rights or the ability of the Nubian Parties to conduct exploration or development
activities on the Property in any way;

 

		(j)	neither of the Nubian Parties is party to any outstanding agreements or options to acquire or purchase
the Property, the other Assets or Nubian Subco, or any interest therein;

 

		(k)	all work or expenditure obligations applicable to the Property and the other Assets, all statements
and reports of the work or expenditures and other requirements to be satisfied or filed to keep the Property and the other Assets
in good standing have been satisfied or filed (and all applicable expiry dates extended);

 

		(l)	all Taxes applicable to, or imposed on, the Property and the other Assets, or in connection with
holding the Property and the other Assets, which were due to be paid on or before the date hereof have been submitted and paid
in full. Without limiting the generality of foregoing, all federal annual mining claim maintenance fees relating to the Property
have been paid properly and timely and affidavits of payment of such fees and notices of intent to hold have been recorded properly
and timely;

 

 

 

 

 

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		(m)	Nubian Subco has conducted all operations in Nevada in material compliance with all Applicable
Laws (including any applicable environmental laws and foreign corrupt practices legislation), and no condition exists or event
has occurred which, with or without notice or the passage of time or both, would constitute a violation of or give rise to liability
under any environmental laws applicable to either of the Nubian Parties;

 

		(n)	Nubian Subco: (i) has access to the Property and the other Assets to enable Nubian Subco to explore
for Minerals, subject to any limitations imposed by Applicable Laws; and (ii) the terms of the Mineral Rights, the other Assets
and Applicable Laws allow for access to the surface area covered by the Mineral Rights and as reasonably necessary to carry out
all exploration activities contemplated under the scope of this Agreement;

 

		(o)	the Property and the other Assets do not lie within any protected area, rescued area, reserve,
reservation, reserved area, environmental or historic protected area, or special needs lands as designated by any Governmental
Authority having jurisdiction that would materially and adversely impair the exploration for Minerals or the development of a mining
project on the Property;

 

		(p)	there are no actual, alleged or, to their knowledge, potential claims, challenges, suits, actions,
prosecutions, investigations or proceedings against or to, the ownership of, or title to, the Property or the other Assets, nor,
to their knowledge, is there any basis for any of the foregoing;

 

		(q)	neither of the Nubian Parties has notice, or knowledge of, any proposal to terminate or vary the
terms of, or rights attaching to, the Mineral Rights or the other Assets from any Governmental Authority;

 

		(r)	no activity of the Nubian Parties on the Property has been in violation of any environmental law,
regulations or regulatory prohibition or order, and conditions on and relating to the Property or the other Assets;

 

		(s)	there has been no spill, discharge, leak, emission, ejection, escape, dumping, or any release or
threatened release of any kind by the Nubian Parties of any toxic or hazardous substance or waste (as defined by any Applicable
Law) from, on, in or under the Property, except as permitted by, and in material compliance with, Applicable Laws;

 

		(t)	no toxic or hazardous substance or waste has been disposed of, treated on, or is located or stored
on the Property by the Nubian Parties, except as permitted by, and in material compliance with, Applicable Laws;

 

		(u)	there are no outstanding obligations or liabilities, contingent or otherwise, under any Applicable
Law (environmental, mining or otherwise), including reclamation or rehabilitation work, associated with the Property or arising
out of past exploration, development and/or mining activities carried out thereon, nor are the Nubian Parties aware of any basis
therefor;

 

		(v)	each of the Nubian Parties has made available to Athena all requested material maps, assays, surveys,
drill logs, samples, metallurgical, geological, geophysical, geochemical and engineering data within its possession in respect
of the Property; and

 

		(w)	there is no withholding tax required to be remitted by Athena on behalf of the Nubian Parties pursuant
to applicable tax legislation in connection with the sale of the Property by the Nubian Parties to Athena.

 

 

 

 

 

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		2.02	Benefit of Representations and Warranties of Nubian Parties

 

The representations and
warranties of the Nubian Parties contained in Sections 2.01 and 2.05 are provided for the exclusive benefit of Athena, and
a breach of any one or more representations or warranties may be waived by Athena in whole or in part at any time without prejudice
to its rights in respect of any other breach of the same or any other representation or warranty.

 

		2.03	Representations and Warranties of Athena

 

Athena represents and
warrants to the Nubian Parties that:

 

		(a)	it is eligible to acquire and hold mining claims in the jurisdiction in which the Property is situated;

 

		(b)	it is a reporting issuer subject to Section 13 or 15(d) of the United States Securities Exchange
Act of 1934;

 

		(c)	the authorized capital stock of Athena consists of 100,000,000 shares of common stock having a
par value of $0.0001 each, and 5,000,000 shares of preferred stock having a par value of $0.0001 each, of which 37,032,320 shares
of common stock and no shares of preferred stock are issued and outstanding as of the date of this Agreement;

 

		(d)	the Option Shares issued to the Nubian Parties at Closing, as well as any Anti-Dilution Shares
issued to the Nubian Parties, shall be validly issued and outstanding, fully paid and non-assessable; and

 

		(e)	to its knowledge, each of the documents that Athena has publicly filed with the United State Securities
and Exchange Commission since January 1, 2019, is materially accurate and complete and, if applicable, complies with the requirements
as to form that apply to such document and, except to the extent modified by subsequently filed documents, contains no "misrepresentation"
within the meaning of the Securities Act (British Columbia).

 

		2.04	Benefit and Survival of Representations and Warranties of Athena

 

The representations and
warranties of Athena contained in Sections 2.03 and 2.05 are provided for the exclusive benefit of the Nubian Parties, and a breach
of any one or more representations or warranties may be waived by the Nubian Parties in whole or in part at any time without prejudice
to its rights in respect of any other breach of the same or any other representation or warranty.

 

		2.05	Mutual Representations and Warranties

 

Each Party represents
and warrants to the other Party that:

 

		(a)	it is duly organized and validly existing under the laws of jurisdiction of its organization or
incorporation and is in good standing under the laws of jurisdiction of its organization or incorporation;

 

		(b)	it has all requisite power and authority required to enter into this Agreement and each other document
or instrument delivered in connection herewith and has all requisite power and authority to perform fully each and every one of
its obligations hereunder;

 

		(c)	it has taken all internal actions necessary to authorize it to enter into this Agreement and its
representatives whose signatures are affixed hereto are fully authorized to sign this Agreement and to bind such Party thereby;

 

 

 

 

 

    	 	9	 

     

    

 

		(d)	this Agreement constitutes a legal, valid and binding obligation of Athena, enforceable against
it in accordance with the Agreement's terms, except where such enforcement may be limited by bankruptcy, insolvency and other laws
affecting the rights of creditors generally and subject to equitable remedies that may be granted in the discretion of a court
of competent jurisdiction;

 

		(e)	it is not insolvent under the laws of the place of its establishment or incorporation and is able
to pay its debts as they fall due;

 

		(f)	neither the execution and delivery of this Agreement nor any of the agreements referred to herein
or contemplated hereby, nor the performance of its obligations hereunder or thereunder, nor the consummation of the transactions
hereby contemplated conflict with, result in the breach of, constitute a default under, or accelerate the performance required
by, any provision of any agreement to which such Party is a party or is subject;

 

		(g)	neither the execution and delivery of this Agreement nor any of the agreements referred to herein
or contemplated hereby, nor the performance of its obligations hereunder, nor the consummation of the transactions hereby contemplated,
shall conflict with, or result in a breach of, or constitute a default under, any provision of the constating documents, articles
or by-laws of such Party, or any law, regulation, rule, authorization or approval of any Governmental Authority to which such Party
is a party or is subject;

 

		(h)	there is no action, suit, litigation, arbitration proceeding, governmental proceeding, investigation
or claim, including appeals and applications for review, in progress or, to their knowledge, threatened or pending against, or
relating to such Party or affecting its assets or business, including in respect of the Nubian Parties, the Property and the other
Assets;

 

		(i)	it is not a party to any agreement which provides for the payment of finder's fees, brokerage fees,
commissions or other fees or amounts which are or may become payable to any third party in connection with the execution and delivery
of this Agreement or the completion of the transactions contemplated herein; and

 

		(j)	all documents, statements and information in the possession of such Party relating to the transactions
contemplated by this Agreement which may have a material adverse effect on such Party's ability to fully perform its obligations
hereunder, have been disclosed to the other Party, and no document previously provided by such Party to the other Party contains
any untrue statement of material fact or omits to state any material fact necessary in order to make the statements contained therein
not misleading.

 

		2.06	Survival of Representations and Warranties

 

The representations and
warranties contained in, and made as of the date of, this Agreement are conditions on which the Parties have relied in entering
into this Agreement, and enforcement of such representations and warranties shall survive the execution hereof for the term of
this Agreement to the full extent necessary for the protection of the Party in whose favour they run.

 

 

 

 

 

    	 	10	 

     

    

Article 3

FIRST OPTION

 

		3.01	Grant of First Option

 

Upon and subject to the
terms and conditions hereof, the Nubian Parties hereby grant to Athena the sole, exclusive and irrevocable right and option to
acquire a 10% Interest (the "First Option"), free and clear of all Encumbrances other than Permitted Encumbrances.

 

		3.02	Conditions of Exercise of First Option

 

Athena may exercise the
First Option and acquire a 10% Interest, by:

 

		(a)	paying to Nubian the non-refundable amount of USD $10,000 forthwith upon the due execution and
delivery of the LOI by Athena and Nubian, the receipt of which payment is hereby acknowledged by the Parties; and

 

		(b)	issuing to Nubian or its nominees 5,000,000 (pre-Consolidation) shares of common stock, at a deemed
issuance price of $0.05 per share, within five (5) Business Days of the due execution and delivery of this Agreement by all
Parties; provided that Nubian or its nominees, as the case may be, shall have executed and delivered to Athena an Investor Certificate,
in the form attached as Schedule "D" hereto, prior to the issuance by Athena of the Option Shares and the Anti-Dilution
Shares,

 

(collectively, the "First
Option Exercise Conditions").

 

		3.03	Exercise of the First Option

 

Upon the date that the
First Option Exercise Conditions are satisfied (such date being the "First Option Exercise Date") Athena shall
be deemed, without any further action required on behalf of Athena, to have earned a 10% Interest (the "First Option Interest").

 

		3.04	Accelerated First Option Exercise Conditions

 

Any First Option Exercise
Conditions may be satisfied by Athena within a shorter time period than those time periods set out in Section 3.02, at the sole
discretion of Athena.

 

		3.05	First Option Termination

 

The satisfaction of the First Option Exercise
Conditions is within the sole and unfettered discretion of Athena and is not a contractual obligation. The First Option shall,
subject to Article 9, be of no further force or effect, and shall automatically terminate if:

 

		(a)	Athena provides written notice to Nubian of its election not to advance with the Transaction at
any time during the First Option Period; or

 

		(b)	Athena, subject to Section 3.04, decides not to satisfy, or does not satisfy, the First Option
Exercise Conditions within the time periods set out in Section 3.02.

 

		3.06	Termination Consequences – First Option

 

If the First Option is terminated (such
date of termination being the "First Option Termination Date") pursuant to Section 3.05, then Athena shall acquire
no Interest.

 

 

 

 

    	 	11	 

     

    

 

Article 4

SECOND OPTION

 

		4.01	Grant of Second Option

 

On the First Option Exercise
Date and upon and subject to the terms and conditions hereof, the Nubian Parties shall be deemed to have granted to Athena the
sole, exclusive and irrevocable right and option to acquire an additional 90% Interest, for an aggregate 100% Interest (the "Second
Option"), free and clear of all Encumbrances other than Permitted Encumbrances.

 

		4.02	Conditions of Exercise of Second Option

 

Athena may exercise the
Second Option and acquire an additional 90% Interest by:

 

		(a)	converting into equity or otherwise settling all of its outstanding debt, such that, at the time
of the Exchange Listing, Athena shall have no outstanding debt, with the exception of Exchange, legal, accounting and other fees
incurred in connection with the Exchange Listing;

 

		(b)	completing the initial listing (the "Exchange Listing") of its common stock on
the Canadian Securities Exchange, the TSXV or such other recognized stock exchange agreed to by Nubian, acting reasonably (the "Exchange");
and

 

		(c)	issuing to Nubian or its nominees an additional 45,000,000 (pre-Consolidation) shares of common
stock, at a deemed issuance price of $0.05 per share, within 30 calendar days of the Exchange Listing; provided that Nubian or
its nominees, as the case may be, shall have executed and delivered to Athena an Investor Certificate, in the form attached as
Schedule "D" hereto, prior to the issuance by Athena of the Option Shares and the Anti-Dilution Shares,

 

prior to December 31,
2021 or such later date as may be agreed to by the Parties (collectively, the "Second Option Exercise Conditions").

 

		4.03	Exercise of the Second Option

 

Upon the date that the
Second Option Exercise Conditions are satisfied (such date being the "Second Option Exercise Date") Athena
shall be deemed, without any further action required on behalf of Athena, to have earned an additional 90% Interest, for an aggregate
100% Interest (the "Second Option Interest"). Upon the occurrence of the Second Option Exercise Date, the
Nubian Parties shall take all actions and do all things necessary, as soon as practicable, to transfer the First Option Interest
and the Second Option Interest to Athena such that Athena is the legal and beneficial holder of a 100% Interest. The cost of such
transfer shall be the responsibility of the Nubian Parties and upon the completion of the transfer of the First Option Interest
to Athena, Nubian Subco shall provide notice to Athena of the completion of such transfer.

 

		4.04	Accelerated Second Option Exercise Conditions

 

Any Second Option Exercise
Conditions may be satisfied by Athena within a shorter time period than those time periods set out in Section 4.02, at the sole
discretion of Athena.

 

		4.05	Second Option Termination

 

The satisfaction of the Second Option Exercise
Conditions is within the sole and unfettered discretion of Athena and is not a contractual obligation. The Second Option shall,
subject to Article 9, be of no further force or effect, and shall automatically terminate if:

 

 

 

 

 

    	 	12	 

     

    

 

		(a)	Athena provides written notice to Nubian of its election not to advance with the Transaction at
any time during the Second Option Period; or

 

		(b)	Athena, subject to Section 4.04, decides not to satisfy, or does not satisfy, the Second Option
Exercise Conditions within the time periods set out in Section 4.02.

 

		4.06	Termination Consequences – Second Option

 

If the Second Option is terminated (such
date of termination being the "Second Option Termination Date") pursuant to Section 4.05, then Athena shall acquire
no Interest, and the First Option Interest shall automatically revert to the Nubian Parties without the need for any further action
by Athena.

 

Article 5

SECURITIES LAW AND RESALE Matters; CONSOLIDATION; ANTI-DiLUTION SHARES

 

		5.01	Reliance on Prospectus and Registration Exemptions

 

The Nubian Parties acknowledge
and agree that the Option Shares and, if applicable, the Anti-Dilution Shares are being issued pursuant to an exemption from the
prospectus and registration requirements of the Securities Laws. As a result, the holders of the Option Shares and the Anti-Dilution
Shares shall not be entitled to certain protections, rights and remedies available under the Securities Laws, including statutory
rights of rescission or damages, and the holders shall not receive information that would otherwise be required to be provided
to the holders pursuant to the Securities Laws. As applicable, and to evidence their eligibility to acquire their respective Option
Shares and the Anti-Dilution Shares pursuant to an exemption from applicable United States Securities Laws, Nubian or its nominees,
as the case may be, shall execute and deliver to Athena an Investor Certificate, in the form attached as Schedule "D"
hereto, prior to the issuance by Athena of the Option Shares and the Anti-Dilution Shares.

 

		5.02	Resale Restrictions

 

In addition to any resale
restrictions and escrow and hold periods imposed by Securities Laws, the resale of all Option Shares and Anti-Dilution Shares shall
be restricted for a period commencing on the date of the Exchange Listing and ending on the earlier of (i) six (6) months
from the date of the Exchange Listing; and (ii) December 31, 2021 (in this Section 5.02, the "Contractual Hold Period").
During the Contractual Hold Period and without the prior consent of Athena, no holder of the Option Shares and the Anti-Dilution
Shares may sell, deal in, assign, transfer, dispose of or encumber any of the Option Shares or the Anti-Dilution Shares, in any
manner whatsoever, or agree to do any of the foregoing, or enter into any transaction which would have the effect of vesting beneficial
ownership of the applicable Consideration Shares in another party.

 

		5.03	Legend

 

The Nubian Parties acknowledge
and agree that the certificates evidencing the Option Shares and the Anti-Dilution Shares shall be legended to reflect the application
of the aforesaid resale restrictions.

 

		5.04	Share Consolidation

 

The Nubian Parties acknowledge
and agree that in connection with the Exchange Listing, Athena is intending to effect the consolidation of its then issued and
outstanding common stock (the "Consolidation"). If there is any subdivision, consolidation or other alteration
of the share capital of Athena before the date of any share issuance to the Nubian Parties, there shall be a corresponding adjustment
in the number of shares issuable to reflect such change in share capital.

 

 

 

 

    	 	13	 

     

    

 

		5.05	Anti-Dilution Right

 

		(a)	The Parties acknowledge and agree that:

 

		(i)	at the time of the Exchange Listing and excluding any shares of common stock issued in connection
with the Concurrent Financing, Athena is expected to have no more that 50,000,000 shares of common stock issued and outstanding
(on a pre-Consolidation basis);

 

		(ii)	Athena intends to conduct, either before or after the Exchange Listing and on a commercially reasonable
efforts basis, a private placement of its common stock to raise up to USD $750,000 (in this Section 5.05, the "Concurrent
Financing") at a minimum price of USD $0.03 per share for a total maximum offering of 25,000,000 shares of common stock
in connection with the Concurrent Financing; and
	 	 	 

		(iii)	immediately after giving effect to the Concurrent Financing and the issuance of the Option Shares,
the Nubian Parties and their nominees shall not hold less than 40% (in the aggregate) of Athena's issued and outstanding common
stock, on a non-diluted basis, with the effect that Athena shall issue to the Nubian Parties or their nominees in conjunction with
the closing of the Concurrent Financing, for no additional consideration, such number of shares of common stock (the "Anti-Dilution
Shares"), as is necessary for the Nubian Parties and their nominees to maintain the aforementioned percentage.

 

Article 6

RIGHTS AND OBLIGATIONS

 

		6.01	Athena's Right of Entry

 

Throughout the Option
Period and subject to the rights of entry and access reserved for the Nubian Parties hereunder, Athena and its employees, agents
and independent contractors shall have the exclusive right in respect of the Property to:

 

		(a)	enter thereon;

 

		(b)	have exclusive and quiet possession thereof;

 

		(c)	determine, control and carry out, in its sole discretion, Exploration Activities, including the
testing, assaying, bulk sampling, removal of ores, minerals and metals from the Property;

 

		(d)	access all information in the possession or control of the Nubian Parties relating to prior operations
on the Property, including all Existing Data; and

 

		(e)	bring upon and erect upon the Property such structures and other facilities as may be necessary
or advisable to carry out Exploration Activities.

 

		6.02	Obligations of Athena during Option Period

 

During the Option Period,
Athena shall:

 

		(a)	keep the Property in good standing by the doing and filing of all necessary work and by the doing
of all other acts and things and making all other payments which may be necessary in that regard and, in doing so, to conduct all
work on or with respect to the Property, in a manner consistent with good mining practice and in compliance with all Applicable
Laws governing the Property;

 

 

 

 

 

 

    	 	14	 

     

    

 

		(b)	keep the Property free and clear of all Encumbrances arising from its operations hereunder (except
liens for taxes not yet due, other inchoate liens and liens contested in good faith by Athena) and shall proceed with all diligence
to contest and discharge any such lien that is filed;

 

		(c)	for so long as Athena has an interest in the Property, to permit the directors, officers, employees
and designated consultants and agents of the Nubian Parties, at their own risk, access to the Property at all reasonable times,
provided that each of the Nubian Parties shall jointly and severally indemnify Athena against and save it harmless from all costs,
claims, liabilities and expenses that Athena may incur or suffer as a result of any injury (including injury causing death) to
any director, officer, employee, designated consultant or agent of the Nubian Parties while on the Property, except to the extent
that any such costs, claims, liabilities or expenses result from Athena's gross negligence or wilful misconduct; and

 

		(d)	report any Material Adverse Change concerning the Property to Nubian.

 

		6.03	Obligations of Athena after Termination

 

If this Agreement is
terminated pursuant to the provisions of Section 3.05 or 4.05, then Athena shall:

 

		(a)	leave the Property free and clear of all Encumbrances, except Permitted Encumbrances, arising from
operations by or on behalf of Athena, in a safe and orderly condition and in a condition which is in compliance with all Applicable
Laws including, with respect to reclamation and rehabilitation and including the clean-up and removal of any hazardous waste from
the Property;

 

		(b)	promptly, but in any event within 120 days, remove all buildings, plant, equipment, machinery,
tools, appliances and supplies which may have been brought by Athena upon the Property (and Nubian shall permit Athena to access
the Property, or the applicable part thereof for such purposes). If not so removed, Nubian may at any time thereafter either remove
same and charge the cost of removal to Athena or may elect to keep such items on the Property, or the applicable part thereof,
with the effect that any such buildings, plants, equipment, machinery, tools, appliances and supplies not removed become the property
of Nubian; and

 

		(c)	promptly perform any reclamation, remediation or pollution control, which is required as of the
date of the termination of the Option arising in connection with Athena's activities on the Property during the Option Period,
such performance to include, the provision of all financial assurances required by Applicable Laws with respect to the costs of
such reclamation, remediation or pollution control.

 

Article 7

TRANSFERS OF INTEREST

 

		7.01	Assignment to Wholly Owned Affiliates

 

The Parties may assign
all (but not a portion thereof) of their rights under this Agreement or their Interest to a wholly owned Affiliate, and in such
a case, the assignee shall covenant to be bound by this Agreement and notwithstanding such Transfer, the assignor shall remain
liable for all its obligations hereunder prior to the date of the Transfer and be bound by this Agreement. If such assignee intends
to cease to be a wholly owned Affiliate of Nubian or Athena, as applicable, it shall, before ceasing to be a wholly owned Affiliate,
assign its rights under this Agreement and its Interest to another wholly owned Affiliate of either Nubian or Athena, as applicable
(which such wholly owned Affiliate shall also covenant to be bound by this Agreement) before ceasing to be a wholly owned Affiliate.

 

 

 

 

    	 	15	 

     

    

 

		7.02	Ownership Structure

 

The Parties shall hold
their respective Interests only directly or indirectly through wholly owned Affiliates.

 

		7.03	Assignments and Transfers During Option Period

 

Subject to Sections 3.03
and 4.03, during the Option Period, except as provided in this Article 7, the following shall apply:

 

		(a)	Assignment with Consent. No Party may directly or indirectly sell its Interest without the
written consent of the other Parties.

 

		(b)	Restriction on Transfer of Assets. None of Nubian, Nubian Subco, any wholly owned Affiliate
of Nubian which acquires Nubian's rights under this Agreement or its Interest may Transfer all or any part of the Assets or an
interest in the Assets (directly or indirectly) except to another wholly owned Affiliate of Nubian or Athena, as applicable.

 

		(c)	Title to Mineral Assets. Nubian Subco shall hold the recorded and legal title of the Mineral
Rights and other Assets applicable to the Mineral Rights for the exclusive benefit of and in trust for Athena in accordance with
their respective Interests and rights under this Agreement.

 

		(d)	Abandonment. None of the Mineral Rights may be surrendered or abandoned by the Nubian Parties
without the express approval of Athena.

 

		(e)	Dealings in Share Capital of Nubian Subco or in Wholly-Owned Affiliates. Nubian shall not
(i) Transfer (other than as part of an internal corporate reorganization that involves only Nubian and one or more Affiliates of
Nubian and does not result in any change to the Interests of the Parties) any shares or other ownership interest in Nubian Subco
or any wholly owned Affiliate that owns such interests; (ii) allow a wholly owned Affiliate of Nubian that directly or indirectly
holds such interests to cease to be a wholly owned Affiliate of Nubian; or (iii) issue (other than as part of an internal corporate
reorganization that involves only Nubian or one or more Affiliates of Nubian and does not result in any change to the Interests
of the Parties) any securities in the capital of Nubian Subco, or of a wholly owned Affiliate holding such interests, except in
each of (i), (ii) and (iii) with the express prior written consent of Athena.

 

		(f)	Remedy for Voluntary Breach.  Each of the Nubian Parties shall jointly and severally indemnify
and save harmless Athena from and against all damages, costs, losses or expenses, including indirect or consequential loss (including
loss of profit), loss of opportunity and loss of goodwill, in connection with or arising from any breach of Sections 7.03(b),
(c), (d) and (e).

 

 

 

 

 

    	 	16	 

     

    

 

Article 8

CONFIDENTIALITY; PUBLIC DISCLOSURE

 

		8.01	Confidential Information

 

This Agreement and all
information (whether embodied in tangible or electronic form) exchanged between the Parties under this Agreement ("Confidential
Information") is confidential, shall be kept confidential and shall not be disclosed to any person at any time or in any
manner except:

 

		(a)	to any Party or to any of the Affiliates of a Party that have a bona fide need to be informed
provided that such Affiliates are advised by the disclosing Party of the confidential nature of such Confidential Information;

 

		(b)	with the prior written consent of the other Party, such consent not to be unreasonably withheld;

 

		(c)	to a bank, lender, investor or other financial institution considering the provision of or, which
has provided financial accommodation to, a Party or an Affiliate of a Party or to a trustee, representative or agent or such a
bank, lender, investor or financial institution, in each case which or who has entered into a confidentiality agreement with the
disclosing Party that contains provisions substantially similar to and no less stringent than those contained in this Article 8,
and provided that such bank, lender, investor or other financial institution is advised by the disclosing Party of the confidential
nature of such Confidential Information;

 

		(d)	by a Party to legal, financial and other professional advisers, auditors and other consultants,
officers and employees of a Party or a Party's Affiliate, provided that such legal, financial and other professional advisers,
auditors and other consultants, officers and employees of a Party or a Party's Affiliate have first been made aware that the Confidential
Information is confidential and have agreed to maintain the confidentiality of the Confidential Information; and

 

		(e)	to the extent required by Applicable Laws or by a lawful requirement of any Governmental Authority
or stock exchange having jurisdiction over the Parties or their Affiliates, provided that any Party that intends to make such required
disclosure shall (to the extent permitted by Applicable Laws) provide the other Party with the full written text of the proposed
required disclosure at least two (2) Business Days before its first disclosure or publication, unless pursuant to Applicable
Laws such required disclosure shall be made within a shorter period, in which case the Party intending to make such required disclosure
shall provide the full written text of the proposed required disclosure to the other Party for as long a period as is practicable
in advance of its first disclosure or publication. The Party making such required disclosure shall consider in good faith all reasonable
amendments to the required disclosure as may be proposed by the other Party and shall, to the extent practicable in the circumstances,
use its reasonable endeavours to obtain assurances from the Governmental Authority that any such required disclosure shall be treated
confidentially. The Party making a required disclosure shall be solely and entirely responsible for the contents of such required
disclosure and shall include in the required disclosure a statement as to that Party's sole and entire responsibility.

 

		8.02	Information in Public Domain

 

The provisions of this
Article 8 do not apply to information that is or becomes part of the public domain other than through a breach of the terms
thereof.

 

 

 

 

 

 

    	 	17	 

     

    

		8.03	Public Disclosure

 

The Parties shall consult
with each other prior to making any Public Disclosure, with the disclosing Party advising the other Party of the form and content
of the proposed Public Disclosure. The other Party shall have two (2) Business Days to provide the disclosing Party with comments
on the proposed Public Disclosure, and if comments are received from the other Party within such time the disclosing Party shall
incorporate the other Party's reasonable changes to the Public Disclosure before the Public Disclosure is made. If such comments
are not received by the disclosing Party within two (2) Business Days, the disclosing Party is then free to proceed with such
Public Disclosure as originally proposed. If a Public Disclosure is required by Applicable Law or by the rules and regulations
of any regulatory authority or stock exchange having jurisdiction, and in the reasonably held opinion of the disclosing Party is
required by such Applicable Law or rules and regulations to be released earlier than would permit the other Party two (2)
Business Days to provide comments, then the other Party shall provide its comments at the earliest possible time following receipt
of the proposed Public Disclosure, provided that nothing herein shall prevent a Party from making a Public Disclosure without having
received the comments of the other Party if such immediate disclosure, in the reasonably held opinion of the disclosing Party,
is required by such Applicable Law or rules and regulations. Upon disclosure in a Public Disclosure being approved by a Party pursuant
to this Section 8.03 (in this Section 8.03, "Approved Disclosure") and publicly disseminated, the provisions
of this Section 8.03 shall no longer be applicable for subsequent use of such Approved Disclosure in any future disclosure
or use by the applicable Party.

 

Article 9

FORCE MAJEURE

 

		9.01	Force Majeure

 

No Party shall be liable
to another Party and no Party shall be deemed in default under this Agreement for any failure or delay to perform any of its covenants
and agreements when such performance is directly prevented as a consequence of an event of Force Majeure. For the purposes of this
Agreement, "Force Majeure" means any event or circumstance, or a combination of events and/or circumstances:

 

		(a)	that causes or results in the prevention or delay of a Party from performing any of its obligations
in this Agreement;

 

		(b)	which is beyond the reasonable control of that Party; and

 

		(c)	could not, or the effects of that event or circumstance, could not have been prevented or delayed,
overcome or remedied by the relevant Party acting reasonably,

 

and, provided
the event or circumstance meets the foregoing criteria, includes (i) acts of war; civil disobedience; injunctions imposed by any
Governmental Authority (except if caused by a breach of law or a court resolution); (ii) explosions, fires or floods not caused
by or attributable to a Party; floods, earthquakes, hurricanes or other natural calamities or acts of God; (iii) shortages in workforce,
equipment or supplies, travel and access restrictions imposed by a Governmental Authority or other Third Parties, or other delays
caused by endemics, epidemics or pandemics; (iv) strikes, lockouts or other industrial labour actions which has national, regional,
provincial or state-wide application; (v) any action or failure to act within a reasonable time without justifiable cause by any
Governmental Authority, its employees or agents including the denial of or delay in granting any land tenure, concession, authorization,
licence, permit, lease, consent, approval or right, upon due, timely and good faith application and diligent effort by the Party
to obtain same; (vi) denial of access to the Property by any surface-landowner or occupant in the area where the Property is located;
and (vii) injunctions not caused by any breach of this Agreement by any Party.

 

 

 

 

    	 	18	 

     

    

 

		9.02	Effect of Force Majeure Events

 

If a Party notifies the
other Party of a Force Majeure, the performance of its obligations shall be suspended for up to an aggregate period of 12 months
and the time for performance of such obligations shall be extended for a period equivalent to the total period from the time the
notice of Force Majeure is delivered until the Force Majeure is remedied or completed, or such 12 month period has elapsed.

 

		9.03	Obligation to Remove Force Majeure Events

 

So far as possible, the
Party affected shall make all reasonable commercial efforts to remedy the delay caused by the events referred to above as soon
as feasible, provided that nothing contained in this Section 9.03 shall require any Party to settle any industrial dispute
or to test the constitutionality of any law, and failure to use such reasonable commercial efforts shall preclude a Party from
continuing to claim Force Majeure.

 

		9.04	Notice

 

The Party suffering Force
Majeure shall notify the other Party in writing of the expected period during which the Force Majeure shall persist and forthwith
after the end of the period of delay when such Force Majeure Event has been eliminated or rectified.

 

Article 10

DISPUTE RESOLUTION

 

		10.01	Corporate Process

 

Any matter in dispute
hereunder shall be taken to successively higher levels of the Parties' management within 30 days of any Party receiving written
notice from another Party of a dispute. Once the dispute has reached the most senior officer acknowledging responsibility of each
of Nubian and Athena, any Party may send a written notice to the other Party indicating that there is a dispute that shall be resolved
according to this Section 10.01. If there is no resolution of the dispute at such level within 30 days of such notice, then
either Party may refer the matter to arbitration under Section 10.02. The arbitration shall not be deemed to have commenced until
one of the Parties is duly served with a request for arbitration as provided under Section 10.02.

 

		10.02	Arbitration

 

		(a)	Any dispute, controversy or claim arising out of or relating to this Agreement or the breach, termination
or invalidating thereof, shall be settled by arbitration of a single arbitrator in accordance with the rules of the British Columbia
International Commercial Arbitration Centre (in this Section 10.02, the "BCICAC Rules").

 

		(b)	The arbitrator shall fix a time and place for the purpose of hearing the evidence and representations
of the Parties and he shall preside over the arbitration and determine all questions of procedure not provided for under the BCICAC
Rules or this Section 10.02. After hearing any evidence and representations that the Parties may submit, the arbitrator shall make
an award and reduce the same to writing and deliver one copy thereof to each of the Parties. The decision of the arbitrator shall
be made within 30 days after his appointment, subject to any reasonable delay due to unforeseen circumstances. The decision of
the arbitrator may be entered into any court.

 

 

 

 

 

    	 	19	 

     

    

 

		(c)	The expense of the arbitration, including travel costs and attorney's fees and costs of the prevailing
Party, shall be paid as specified in the award.

 

		(d)	The award of the single arbitrator shall be final and binding upon each of the Parties.

 

		(e)	Notwithstanding any other provision hereunder, during the conduct of dispute resolution procedures
pursuant to this Section 10.02, the Parties shall continue to perform their respective obligations under this Agreement.

 

Article 11

TERMINATION; DEFAULT

 

		11.01	Termination by Notice

 

Athena shall have the
right to terminate this Agreement at any time up to the date of exercise of the Second Option by giving notice in writing of such
termination to Nubian, and upon delivery of such notice, this Agreement shall terminate and be of no further force or effect save
or except for any obligations of Athena incurred prior to the effective date of termination, with Interest having been earned by
Athena.

 

		11.02	Default

 

If at any time prior
to the date of exercise of the Second Option, Athena is in default of any requirement of this Agreement or is in breach of any
provision contained in this Agreement, then Nubian may terminate this Agreement by giving written notice of termination to Athena,
but only if:

 

		(a)	Nubian has given to Athena written notice of the particular failure, default, or breach on the
part of Athena; and

 

		(b)	Athena has not, within 30 Business Days following delivery of such written notice of default, cured,
taken reasonable steps to cure, or otherwise disputed, such default.

 

		11.03	Effect of Termination

 

Section 2.06 (Survival
of Representations and Warranties), Section 3.06 (Termination Consequences – First Option), Section 4.06
(Termination Consequences – Second Option), Article 8 (Confidentiality; Public Disclosure), Article 10
(Dispute Resolution), Article 11 (Termination; Default), Article 12 (Indemnity), Section 14.06
(Governing Law) and Section 14.07 (Specific Remedies) and all limitations of liability and rights accrued prior
to completion, termination, or expiration of this Agreement shall not merge on completion, termination, or expiration of this Agreement,
but shall continue in full force and effect after any termination or expiration of this Agreement as shall any other provision
of this Agreement which expressly or by implication from its nature is intended to survive the termination or expiration of this
Agreement.

 

Article 12

INDEMNITY

 

		12.01	Indemnity for Breach of Representations, Warranties and Covenants

 

Each Party shall indemnify
and save the other harmless from all loss, damage, costs, actions and suits arising out of or in connection with any breach of
any representation, warranty, covenant, agreement or condition made or to be fulfilled by it hereunder. Any obligation to indemnify
shall be limited to direct damages only.

 

 

 

 

    	 	20	 

     

    

 

Article 13

NOTICE

 

Each notice, demand or
other communication required or permitted to be given under this Agreement shall be in writing and shall be personally delivered
or sent by electronic communications addressed as follows:

 

		(a)	If to Nubian or Nubian Subco, at:

 

Nubian Resources Ltd.

Suite 202, Yale Court Plaza, 2526 Yale Court

Abbotsford, British Columbia

Canada, V2S 8G9

 

Attention: Martin Walter, President and
CEO

Email: martin@nubianr.com

 

With a copy to Nubian's solicitors (which
shall not constitute notice), at:

 

Irwin Lowy LLP

217 Queen Street West, Suite 401

Toronto, Ontario

Canada, M5V 0R2

 

Attention: Eric Lowy

Email: ELowy@irwinlowy.com

 

		(b)	If to Athena, at:

 

Athena Silver Corporation

2010A Harbison Drive, Unit 312

Vacaville, California

USA, 95687

 

Attention: John Power, Chief Executive
Officer

Email: johncaseypower@gmail.com

 

With a copy to Athena's solicitors (which
shall not constitute notice), at:

 

Lotz & Company

1170 – 1040 West Georgia Street

Vancouver, British Columbia

Canada, V6E 4H1

 

Attention: Jonathan C. Lotz

Email: jlotz@lotzandco.com

 

or to such addresses as each Party may
from time to time specify by notice. Any notice shall be deemed to have been given and received if personally delivered, then on
the day of personal service to the recipient Party, and if sent by email then on the day on which it was transmitted (or, if such
day is not a Business Day or such notice or communication was delivered or transmitted after 5:00 pm (recipient's time), on the
next following Business Day).

 

 

 

 

    	 	21	 

     

    

 

Article 14

GENERAL

 

		14.01	Entire Agreement

 

This Agreement constitutes
the entire agreement among the Parties and supersedes and replaces any other agreement, arrangement or understanding, whether oral
or written, express or implied, statutory or otherwise heretofore existing among the Parties in respect of the subject matter of
this Agreement, including the LOI. There are no representations, warranties, terms, conditions, undertakings or collateral agreements,
express, implied or statutory, among the Parties other than as expressly set forth in this Agreement.

 

		14.02	Recording of Agreement

 

Promptly following the
date hereof, the Nubian Parties and Athena shall execute and deliver such documentation as is necessary to duly register and record
in the Office of the Esmeralda County Recorder, notice that the Interest of the Nubian Parties is subject to and bound by the terms
of this Agreement.

 

		14.03	Right to Parties to Conduct Other Business

 

		(a)	Outside of the outer boundaries of the Property, the Parties and their respective Affiliates shall
be free to engage in any business or other activity, whether or not competitive with the activities of the other Parties, and whether
or not such business activity or acquisition is a result of reviewing the information obtained from the Transaction, and in particular,
this Agreement may not be construed to prevent a Party from acquiring any mineral rights or interests therein, real property rights,
water rights, or other associated rights outside of outer boundaries of the Property.

 

		(b)	No Party shall be under any fiduciary or other obligation to any other Party which shall prevent
or impede such Party from participating in, or enjoying the benefits of, competing endeavours of a nature similar to the business
or activity undertaken by the Parties hereunder.

 

		(c)	The legal doctrines of "corporate opportunity" or "business opportunity" sometimes
applied to persons occupying a relationship similar to that of the Parties shall not apply with respect to participation by any
Party in any business activity or endeavour outside the Transaction, and, without implied limitation, a Party shall not be accountable
to the others for participation in any such business activity or endeavour outside the Transaction which is in direct competition
with the business or activity undertaken by the Parties under this Agreement.

 

		14.04	Relationship of the Parties

 

Nothing in this Agreement
is to constitute or be deemed to constitute a partnership for any purpose between the Parties.

 

		14.05	No Waiver of Breaches

 

A waiver of any right,
power or remedy under this Agreement shall be in writing signed by the Party granting it. A waiver is only effective in relation
to the particular obligation or breach in respect of which it is given. It is not to be taken as an implied waiver of any other
obligation or breach or as an implied waiver of that obligation or breach in relation to any other occasion.

 

 

 

 

    	 	22	 

     

    

 

		14.06	Governing Law

 

		(a)	This Agreement shall be governed by and interpreted in accordance with the laws in force in the
Province of British Columbia and the federal laws of Canada applicable therein, without regard to any conflict of laws or choice
of laws principle that would permit or require the application of the laws of any other jurisdiction.

 

		(b)	Each of the Parties hereby irrevocably attorns and submits to the arbitral jurisdiction set forth
in Section 10.02(a) and, with respect to any matters not determined by arbitration, to the exclusive jurisdiction of the courts
of British Columbia, Canada respecting all matters relating to this Agreement and the rights and obligations of the Parties hereunder.

 

		14.07	Specific Remedies

 

Each of the Parties agrees
that its failure to comply with the covenants and restrictions set out in Article 8 would constitute an injury and cause damage
to the other Party impossible to measure monetarily. Therefore, in the event of any such failure, the other Party shall, in addition
and without prejudice to any other rights and remedies that it may have at law or in equity, be entitled to injunctive relief restraining,
enjoining or specifically enforcing the provisions of the foregoing sections.

 

		14.08	Further Assurances

 

The Parties shall promptly execute or cause
to be executed all documents, deeds, conveyances and other instruments of further assurance which may be reasonably necessary or
advisable to carry out fully the intent of this Agreement or to record wherever appropriate the respective interests from time
to time of the Parties in the Property.

 

		14.09	Enurement

 

This Agreement shall
enure to the benefit of and be binding upon the Parties and their respective heirs, executors, administrators, other legal representatives,
successors and permitted assigns.

 

		14.10	Costs

 

Each Party shall bear
its own costs in respect of the negotiation, drafting and settlement of this Agreement.

 

		14.11	Time of the Essence

 

Time is of the essence
of this Agreement.

 

		14.12	Counterparts and Facsimiles

 

This Agreement may be
executed in any number of counterparts, each of which shall be deemed to be an original and all of which taken together shall be
deemed to constitute one and same instrument. Delivery of an executed signature page to this Agreement by any Party by electronic
transmission shall be as effective as delivery of a manually executed copy of this Agreement by such Party.

 

[Remainder of page
intentionally left blank; signature page to follow]

 

 

 

    	 	23	 

     

    

 

IN WITNESS WHEREOF the Parties have executed
this Agreement as of the date first written above.

 

	 	 	
        NUBIAN RESOURCES LTD.

         

        Per:

         

        _______________________________

Authorized Signatory

         

	 	 	
        NUBIAN RESOURCES (USA) LTD.

         

        Per:

         

        _______________________________

        Authorized Signatory

         

	 	 	
        ATHENA SILVER CORPORATION

         

        Per:

         

        _______________________________

Authorized Signatory

         

 

 

 

 

 

    	 	24	 

     

    

 

 

SCHEDULE
"A"

 

DESCRIPTION
OF PROPERTY

 

See attached.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	25	 

     

    

 

 

SCHEDULE
"B"

 

MAP
OF PROPERTY

 

See attached.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	26	 

     

    

 

SCHEDULE
"C"

 

NET
SMELTER RETURNS ROYALTY

 

Pursuant to the attached Agreement, Nubian
Subco (in this Schedule "C", the "Royalty Holder") is entitled to a royalty equal to 1% of net smelter
returns (the "NSR Royalty") from the Property payable by Athena (in this Schedule "C" only, the "Royalty
Payor"). All capitalized terms herein, unless otherwise defined, have the meanings ascribed thereto in the Agreement.

 

		1.	After the Commencement of Commercial Production, the Royalty Payor shall pay to the Royalty Holder
an NSR Royalty equal to 1% of the Net Value of all ores, minerals, metals and materials mined and removed from the Property and
sold or deemed to have been sold by or for the Royalty Payor (collectively, "Products").

 

		2.	As used herein, "Net Value" means the Gross Value of Products, less all costs,
charges and expenses paid or incurred by the Royalty Payor with respect to such Products paid or deemed incurred by the Royalty
Payor before or after such Products leave the Property in respect of the following:

 

		(a)	charges for treatment in the smelting and refining process (including handling, processing, interest
and provisional settlement fees, sampling, assaying and representation costs, penalties and other process deductions);

 

		(b)	actual costs of transportation (including freight, insurance, security, transaction taxes, handling,
port, demurrage, delay and forwarding expenses incurred by reason of or in the course of such transportation) of Products from
the Property to the place of treatment and then to the place of sale;

 

		(c)	actual sales and brokerage costs on Products; and

 

		(d)	sales, use, severance, net proceeds of mine and ad valorem taxes and any other tax (excluding
GST or HST, as applicable) on or measured by mineral production net of any rebate (excluding GST or HST rebates, as applicable),
credit or refund which the Royalty Payor has received or to which it is entitled, but excluding any and all taxes based upon the
net or gross income or outstanding capital of the Royalty Payor or other operator of the Property.

 

		3.	As used herein, "Gross Value" shall have the following meaning:

 

		(a)	if the Royalty Payor causes raw, refined or processed nickel and/or iron, in any form, to be produced
from the Property and sold, then the Gross Value shall be the amount of the proceeds of sale actually received by the Royalty Payor
on its proportionate share thereof;

 

		(b)	if the Royalty Payor causes any other Products to be produced from the Property and sold, then
the Gross Value shall be the amount of the proceeds of sale actually received by the Royalty Payor on its proportionate share thereof;
and

 

		(c)	the proceeds of any insurance settlement arising from a claim for lost or damaged Product.

 

Where payment is made by an independent
third party refinery on a provisional basis, the Gross Value shall be based upon the amount of such provisional settlement, but
shall be adjusted in subsequent statements to account for the amount of the Products established by final settlement by such refinery.

 

 

 

 

    	 	27	 

     

    

 

In the event that smelting, refining
or processing of Products are carried out in custom toll facilities owned or controlled in whole or in part by the Royalty Payor
or any of its Affiliates or any other party with which the Royalty Payor does not deal at arm's length (as defined in the Income
Tax Act (Canada)), then charges, costs and penalties for such smelting, refining or processing shall mean the costs the Royalty
Payor would have incurred if such smelting, refining or processing were carried out at facilities owned or controlled by parties
with which it does not deal at arm's length, then offering comparable services for comparable products on prevailing terms, but
in no event greater than actual costs incurred by the Royalty Payor with respect to such smelting, refining or processing.

 

		4.	The timing, nature, manner and extent of any exploration, development, mining, production and sale
of Products, if any, shall be at the sole discretion of the Company. No implied covenants or conditions whatsoever shall be read
into this Schedule "C", including any covenants or conditions relating to exploration, development, prospecting,
mining, production or sale of Products, except for the covenants of good faith and fair dealing.

 

		5.	The Royalty Payor may, but is not obligated to, beneficiate, mill, sort, concentrate, refine, smelt,
or otherwise process and upgrade the ores, concentrates, and other mineral products produced from ores mined from the Property
prior to sale, transfer, or conveyance to a purchaser, user or consumer other than the Royalty Payor. The Royalty Payor shall not
be liable for mineral values lost in such processing under sound mining and metallurgical practices. The Royalty Payor shall have
the right to stockpile and commingle ore, concentrates, minerals and other material mined and removed from the Property from which
Products are to be produced with ore, concentrates, minerals and other material mined and removed from other lands and properties;
provided, however, that the Royalty Payor shall calculate from representative samples the average grade thereof and other measures
as are appropriate in accordance with sound mining and metallurgical practices, and shall weigh (or calculate by volume) the material
before commingling. In obtaining representative samples, calculating the average grade of the ore and average recovery percentages,
the Royalty Payor may use any procedures accepted in the mining and metallurgical industry which it believes suitable for the type
of mining and processing activity being conducted and, in the absence of fraud, its choice of such procedures shall be final and
binding on the Royalty Holder.

 

		6.	The Royalty Payor shall be permitted to sell Products to an Affiliate or person with which it does
not deal at arm's length, provided that such sales shall be considered, solely for the purpose of computing Net Value, to have
been sold at prices and on terms no less favourable than those which would be extended to an unaffiliated Third Party under similar
circumstances.

 

		7.

                                                    
	All Products for which an NSR Royalty is payable shall be weighed or measured, sampled and analyzed
in accordance with sound mining and metallurgical practices. After such measurement, the Royalty Payor may mix or commingle such
Products with ores, materials or products from other Property.

 

		8.	The NSR Royalty shall become due and payable quarterly on the last day of each month following
the last day of the calendar quarter in which the same accrued. NSR Royalty payments shall be accompanied by a statement showing
in reasonable detail the quantities and grades of the Products sold by the Royalty Payor in the preceding calendar quarter; the
proceeds of sale; costs, and other deductions; and other pertinent information in sufficient detail to explain the calculation
of the NSR Royalty payment. Should default be made in any payment due to the Royalty Holder hereunder, then all unpaid amounts
shall bear interest at the Prime Rate plus 10% until paid. All payments required hereunder may be mailed or delivered to any single
depository as the Royalty Holder may instruct.

 

 

 

 

 

    	 	28	 

     

    

 

		9.	All NSR Royalty payments shall be considered final and in full satisfaction of all obligations
of the Royalty Payor with respect thereto, unless the Royalty Holder gives the Royalty Payor written notice describing and setting
forth a specific objection to the calculation thereof within 12 months after receipt by the Royalty Holder of the quarterly statement
herein provided for. If the Royalty Holder objects to a particular quarterly statement as herein provided, the Royalty Holder shall,
for a period of 30 days after the Royalty Payor's receipt of notice of such objection, have the right, upon reasonable notice and
at a reasonable time, to have the Royalty Payor's accounts and records relating to the calculation of the NSR Royalty in question
audited by a chartered accountant acceptable to the Royalty Holder and to the Royalty Payor. If such audit determines that there
has been a deficiency or an excess in the payment made to the Royalty Holder such deficiency or excess shall be resolved by adjusting
the next quarterly NSR Royalty payment due hereunder. The Royalty Holder shall pay all costs of such audit unless a deficiency
of more than 10% of the amount due is determined to exist. The Royalty Payor shall pay the costs of such audit if a deficiency
of more than 10% of the amount due is determined to exist. All books and records used by the Royalty Payor to calculate royalties
due hereunder in accordance with generally accepted accounting principles consistently applied. Absent fraud, failure on the part
of the Royalty Holder to make claim on the Royalty Payor for adjustment in such 12-month period shall establish the correctness
and preclude the filing of exceptions thereto or making of claims for adjustment thereon.

 

		10.	The Royalty Payor agrees and consents to the Royalty Holder registering or recording against title
to the Property the terms and conditions of this Schedule "C" and the existence of the NSR Royalty.

 

		11.	The Royalty Payor shall have the right to assign the Property, in whole or in part and shall have
sole and absolute discretion concerning the sale, assignment, transfer, conveyance, venturing, encumbrance or other disposition
of the Property, in whole or in part, on such terms and conditions as it determines appropriate. The Royalty Payor shall require
any transferee or assignee of any interest in the Property to assume in writing the obligation to pay the Royalty Holder the NSR
Royalty in accordance with the terms and conditions set forth herein, and upon such assumption, the Royalty Payor shall be released
from all liability hereunder with respect to the transferred interest in the Property, except for such liability as has accrued
prior thereto.

 

		12.	The Royalty Holder may assign its rights under this Schedule "C"; provided that
any change in ownership of rights shall be accomplished in such manner that the Royalty Payor shall not be required to make payments
to or give notice to more than one person, firm, corporation, or entity. No change or division in the ownership of the NSR Royalty,
however accomplished, shall enlarge the obligations of or diminish the rights of the Royalty Payor. No change or division in the
ownership of the NSR Royalty shall be binding on the Royalty Payor until 10 days after the Royalty Payor has received a copy of
the assignment instrument duly recorded in the applicable recording district evidencing the change or division in ownership.

 

		13.	It is intended that the NSR Royalty and all provisions of this Schedule "C" shall
run with the Property and be binding upon and enure to the benefit of the Royalty Holder and its respective successors and assigns.

 

		14.	One-half (0.5%) of the NSR Royalty may be purchased by the Royalty Payor for $500,000 payable to
the Royalty Holder. An additional one-half (0.5%) of the NSR Royalty may be purchased by the Royalty Payor at fair market value
(as determined at the date of purchase by one or more of the member firms of PricewaterhouseCoopers International Limited, Ernst
& Young Global Limited, KPMG International Cooperative and Deloitte Touche Tohmatsu Limited or any successor or resulting firms
or entities).

 

 

 

 

 

 

 

    	 	29	 

     

    

 

SCHEDULE
"D"

 

INVESTOR
CERTIFICATE

 

TO:ATHENA SILVER CORPORATION (the "Company")

 

All capitalized terms herein, unless otherwise
defined, have the meanings ascribed thereto in the Option Agreement (the "Agreement") to which this Schedule "D"
is attached.

 

In connection with the acquisition of the
shares in the common stock of the Company (the "Securities") by _____________________ (the "Acquiror")
as contemplated by the Agreement, the Acquiror represents, warrants, covenants and certifies to the Company on behalf of itself
and any beneficial purchaser, if any, for whom it is acting hereunder (and acknowledges that the Company and its legal counsel
are relying thereon) that:

 

		1.	Receipt of and Access to Information. The Acquiror has been given access to full and complete
information regarding the Company (collectively, the "Information") and has utilized such access to the Acquiror's
satisfaction for the purpose of obtaining such information regarding the Company as the Acquiror has reasonably requested; and,
particularly, the Acquiror has been given reasonable opportunity to ask questions of, and receive answers from, representatives
of the Company concerning the terms and conditions of the offering of the Securities and to obtain any additional information,
to the extent reasonably available. The Acquiror acknowledges that the Acquiror has had an opportunity to review all of the Company's
filings with the United States Securities and Exchange Commission (the "SEC"), which are publicly available at
www.sec.gov.

 

		2.	Reliance. The Acquiror has relied on nothing other than written Information, if any, provided
by the Company and the Company's SEC filings in deciding whether to make an investment in the Company. Except as set forth in the
Information, no representations or warranties have been made to the Acquiror by the Company, any selling agent of the Company,
or any agent, employee, or affiliate of the Company or such selling agent.

 

		3.	Investment Risks. The Acquiror recognizes that the Securities as an investment involves
a high degree of risk, including those set forth under the risk factors contained in the Company's annual reports on Form 10-K
and other SEC reports.

 

		4.	Economic Loss. The Acquiror believes that an investment in the Securities is suitable for
the Acquiror based upon the Acquiror's age, other investments, tax status, investment experience, investment objectives, investment
time horizon, liquidity needs, risk tolerance or financial needs, among other factors. The Acquiror: (i) has adequate means for
providing for the Acquiror's current financial needs and personal contingencies; (ii) has no need for liquidity in this investment;
(iii) at the present time, can afford a complete loss of such investment; (iv) does not have overall commitments to investments
which are not readily marketable and disproportionate to the Acquiror's net worth; and (v) the Acquiror's investment in the Securities
will not cause such overall commitments to become excessive.

 

		5.	Sophistication. The Acquiror, in reaching a decision to subscribe, has such knowledge and
experience in financial and business matters that the Acquiror is capable of reading and interpreting financial statements and
evaluating the merits and risk of an investment in the Securities and has the net worth to undertake such risks. The investment
contemplated hereby is the result of arm's length negotiation between the Acquiror and the Company.

 

		6.	Seek Advice. The Acquiror has obtained, to the extent the Acquiror deems necessary, the
Acquiror's own personal professional advice with respect to the risks inherent in an investment in the Securities, and the suitability
of an investment in the Securities in light of the Acquiror's financial condition and investment needs.

 

 

 

 

 

    	 	30	 

     

    

		7.	General Solicitation. The Acquiror was not offered or sold the Securities, directly or indirectly,
by means of any form of general advertising or general solicitation, including, but not limited to, the following: (i) any advertisement,
article, notice or other communication published in any newspaper, magazine, or similar medium of or broadcast over television
or radio; or (ii) to the knowledge of the undersigned, any seminar or meeting whose attendees had been invited by any general solicitation
or general advertising.

 

		8.	Effect and Time of Representations. The information provided by the Acquiror contained in
this Certificate is true, complete and correct in all material respects as of the date hereof. The Acquiror understands that the
Company's determination that the exemption from the registration provisions of the United States Securities Act of 1933,
as amended (the "U.S. Securities Act"), which is based upon non-public offerings and applicable to the offer and
sale of the Securities, is based, in part, upon the representations, warranties, and agreements made by the Acquiror herein. The
Acquiror consents to the disclosure of any such information, and any other information furnished to the Company, to any governmental
authority or self-regulatory organization, or, to the extent required by law, to any other person.

 

		9.	Restrictions on Transfer; Limited Market for Securities. The Acquiror acknowledges that
(i) the purchase of the Securities is a long-term investment; (ii) the Acquiror shall bear the economic risk of investment for
an indefinite period of time because the Securities have not been registered under the U.S. Securities Act or under the securities
laws of any state and, therefore, the Securities cannot be resold unless they are subsequently registered under said laws or exemptions
from such registrations are available; (iii) there is presently only a limited public market for the Securities and the Acquiror
may be unable to liquidate the Acquiror's investment in the event of an emergency, or pledge the Securities as collateral for a
loan; and (iv) the transferability of the Securities is restricted and (A) requires conformity with the restrictions contained
in Section 11 below; and (B) legends will be placed on the certificate(s) representing the Securities referring to the applicable
restrictions on transferability.

 

		10.	Restrictive Legend. The Acquiror acknowledges that stop transfer instructions will be placed
with the transfer agent for the Securities, and a legend may be placed on any certificate representing the Securities substantially
to the following effect:

 

THIS SECURITY HAS NOT BEEN REGISTERED
WITH THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), IN RELIANCE UPON
THE EXEMPTIONS FROM REGISTRATION PROVIDED IN THE ACT AND REGULATION D UNDER THE ACT AND HAVE NOT BEEN REGISTERED UNDER ANY STATE
SECURITIES LAWS. AS SUCH, THE PURCHASE OF THIS SECURITY WAS NECESSARILY WITH THE INTENT OF INVESTMENT AND NOT WITH A VIEW FOR DISTRIBUTION.
THEREFORE, ANY SUBSEQUENT TRANSFER OF THIS SECURITY OR ANY INTEREST THEREIN WILL BE UNLAWFUL UNLESS IT IS REGISTERED UNDER THE
ACT AND ANY STATE SECURITIES LAWS OR UNLESS AN EXEMPTION FROM REGISTRATION IS AVAILABLE. FURTHERMORE, IT IS UNLAWFUL TO CONSUMMATE
A SALE OR TRANSFER OF THIS SECURITY OR ANY INTEREST THEREIN, WITHOUT THE OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY THAT THE
PROPOSED TRANSFER OR SALE DOES NOT AFFECT THE EXEMPTIONS RELIED UPON BY THE COMPANY IN ORIGINALLY DISTRIBUTING THE SECURITY AND
THAT REGISTRATION IS NOT REQUIRED.

 

		11.	Restricted Nature of the Securities; Investment Intent. The Acquiror has been advised and
understands that (i) the Securities have not been registered under the U.S. Securities Act or applicable state securities laws
and that the Securities are being offered and sold pursuant to exemptions from such laws; (ii) the Agreement may not have been
filed with or reviewed by certain state securities administrators because of the limited nature of the offering; and (iii) the
Company is under no obligation to register the Securities under the U.S. Securities Act or any state securities laws, or to take
any action to make any exemption from any such registration provisions available. The Acquiror represents and warrants that the
Securities are being purchased for the Acquiror's own account and for investment purposes only, and without the intention of reselling
or redistributing the same; the Acquiror has made no agreement with others regarding any of the Securities; and the Acquiror's
financial condition is such that it is not likely that it will be necessary to dispose of any of such Securities in the foreseeable
future. The Acquiror is aware that, in the view of the SEC, a purchase of such Securities with an intent to resell by reason of
any foreseeable specific contingency or anticipated change in market value, or any change in the condition of the Company, or in
connection with a contemplated liquidation settlement of any loan obtained for the acquisition of such Securities and for which
such Securities were pledged, would represent an intent inconsistent with the representations set forth above. The Acquiror further
represents and agrees that if, contrary to the foregoing intentions, the Acquiror should later desire to dispose of or transfer
any of such Securities in any manner, the Acquiror shall not do so unless and until (i) said Securities shall have first been registered
under the U.S. Securities Act and all applicable securities laws; or (ii) the Acquiror shall have first delivered to the Company
a written notice declaring such holder's intention to effect such transfer and describe in sufficient detail the manner and circumstances
of the proposed transfer, which notice shall be accompanied either by a written opinion of legal counsel who shall be reasonably
satisfactory to the Company, which opinion shall be addressed to the Company and reasonably satisfactory in form and substance
to the Company's counsel, to the effect that the proposed sale or transfer is exempt from the registration provisions of the U.S.
Securities Act and all applicable state securities laws, or by a "no action" letter from the SEC to the effect that the
transfer of the Securities without registration will not result in recommendation by the staff of the SEC that action be taken
with respect thereto.

 

 

 

 

 

 

    	 	31	 

     

    

 

		12.	Notice of Change. The Acquiror will notify the Company in writing promptly (but in all events
within 30 days after the applicable change) of any actual or anticipated change in any facts or circumstances, which change
would make any of the representations and warranties in this Certificate untrue if made as of the date of such change (after giving
effect thereto).

 

		13.	Residence. The Acquiror is a bona fide resident of, is domiciled in and received
the offer and made the decision to invest in the Securities in the jurisdiction set forth on the signature page hereof, and the
Securities are being purchased by the Acquiror in the Acquiror's name solely for the Acquiror's own beneficial interest and not
as nominee for, or on behalf of, or for the beneficial interest of, or with the intention to transfer to, any other person, trust
or organization, except as specifically set forth in this Subscription Agreement.

 

		14.	Corporate Authority. If other than an individual:

 

		(a)	the Acquiror was not organized for the specific purpose of acquiring the Securities;

 

		(b)	the Acquiror is fully authorized, empowered and qualified to execute and deliver this Certificate,
to subscribe for and acquire the Securities; and

 

		(c)	this Certificate has been duly authorized by all necessary action on the part of the Acquiror,
has been duly executed by an authorized officer or representative of the Acquiror, and is a legal, valid and binding obligation
of the Acquiror enforceable in accordance with its terms.

 

		15.	Compliance with Laws; No Conflict. The execution and delivery of this Certificate by or
on behalf of the Acquiror and the performance of the Acquiror's obligations under, and the consummation of the transactions contemplated
by, the Subscription Agreement do not and will not conflict with or result in any violation of, or default under, any provision
of any charter, bylaws, trust agreement, partnership agreement or other governing instrument applicable to the Acquiror, or other
agreement or instrument to which the Acquiror is a party, or by which the Acquiror is, or any of its assets are, bound, or any
permit, franchise, judgment, decree, statute, rule, regulation or other law applicable to the Acquiror or the business or assets
of the Acquiror.

 

		16.	Compliance with Anti-Money Laundering Regulations, etc. The Acquiror acknowledges that due
to anti-money laundering regulations within their respective jurisdictions, the Company and/or any administrator acting on behalf
of the Company may require further documentation verifying the Acquiror's identity before this Agreement can be processed or accepted.
The Acquiror further agrees to provide the Company at any time with such information as the Company determines to be necessary
and appropriate to verify compliance with the anti-money laundering regulations of any applicable jurisdiction or to respond to
requests for information concerning the identity of Acquiror from any governmental authority, self-regulatory organization or financial
institution in connection with its anti-money laundering compliance procedures, and to update such information as necessary.

 

		17.	Reliance on Representations. The Acquiror understands the meaning and legal consequences
of the representations, warranties, agreements, covenants, and confirmations set out above and agrees that the subscription made
hereby may be accepted in reliance thereon. The Acquiror acknowledges that the Company has relied and will rely upon the representations
and warranties of the Acquiror in this Subscription Agreement and the completeness and accuracy of the Acquiror's responses herein.
The Acquiror agrees to indemnify and hold harmless the Company and any selling agent (including for this purpose their employees,
and each person who controls either of them within the meaning of Section 20 of the United States Securities Exchange Act of
1934) from and against any and all loss, damage, liability or expense, including reasonable costs and attorney's fees and disbursements,
which the Company, or such other persons may incur by reason of, or in connection with, any of the representations and warranties
made herein not having been true when made, any misrepresentation made by the Acquiror or any failure by the Acquiror to fulfill
any of the covenants or agreements set forth herein, or in any other document provided by the Acquiror to the Company.

 

 

 

 

 

    	 	32	 

     

    

 

The offer to and acquisition of the Securities by the Acquiror
occurred in __________________ (State or Province).

 

DATED as of the ____ day of ____________, 20___.

 

	
        If a Corporation, Partnership or other Entity:

         

         

         
	 	
        If an Individual:

         

         

	
        Name of Entity

         

         
	 	Signature
	
        Type of Entity

         

         
	 	
        Name of Individual

         

	
        Signature of Person Signing

         

         
	 	 
	Name and Title of Person Signing	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	33Exhibit 4.1

EXECUTION VERSION

 

KINS TECHNOLOGY GROUP INC.

 

and

 

CONTINENTAL STOCK TRANSFER & TRUST COMPANY

 

WARRANT AGREEMENT

 

THIS WARRANT AGREEMENT (this “Agreement”),
dated as of December 14, 2020, is by and between KINS Technology Group Inc., a Delaware corporation (the “Company”),
Continental Stock Transfer & Trust Company, a New York corporation, as warrant agent (in such capacity, the “Warrant
Agent”).

 

WHEREAS, the Company has entered into those
certain Securities Subscription Agreements with each of BlackRock Strategic Income Opportunities Portfolio of BlackRock Funds V,
Master Total Return Portfolio of Master Bond LLC, BlackRock Global Long/Short Credit Fund of BlackRock Funds IV and BlackRock Capital
Allocation Trust (each, a “BlackRock Entity” and collectively, the “BlackRock Entities”),
pursuant to which the BlackRock Entities, among other things, agreed to purchase an aggregate of 1,176,472 warrants in a private
placement simultaneously with the closing of the Offering (as defined below), bearing the legend set forth in Exhibit B hereto
(the “BlackRock Warrants”), at a purchase price of $1.00 per BlackRock Warrant;

 

WHEREAS, the Company has entered into that
certain Warrant Purchase Agreement with KINS Capital LLC, a Delaware limited liability company (the “Sponsor”),
pursuant to which the Sponsor agreed to purchase an aggregate of 8,023,528 warrants (or 9,103,528 warrants in the aggregate if
the Over-allotment Option (as defined below) in connection with the Company’s Offering (as defined below) is exercised in
full) simultaneously with the closing of the Offering (and the closing of the Over-allotment Option, if applicable) bearing the
legend set forth in Exhibit B hereto (together with the BlackRock Warrants, the “Sponsor Warrants”) at a purchase
price of $1.00 per Sponsor Warrant;

 

WHEREAS, in order to finance the Company’s
transaction costs in connection with an intended initial merger, capital stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination, involving the Company and one or more businesses (a “Business Combination”),
the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may, but are not obligated
to, loan the Company funds as the Company may require, of which up to $1,500,000 of such loans made to the Company may be convertible
into up to an additional 1,500,000 Sponsor Warrants at a price of $1.00 per Sponsor Warrant;

 

WHEREAS, the Company is engaged in an initial
public offering (the “Offering”) of units of the Company’s equity securities, each such unit comprised
of one share of Common Stock (as defined below) and one-half of one Public Warrant (as defined below) (the “Units”)
and, in connection therewith, has determined to issue and deliver up to 13,800,000 redeemable warrants (including up to 1,800,000
redeemable warrants subject to the Over-allotment Option) to public investors in the Offering (the “Public Warrants”
and, together with the Sponsor Warrants, the “Warrants”). Each whole Warrant entitles the holder thereof to
purchase one share of Class A common stock of the Company, par value $0.0001 per share (“Common Stock”),
for $11.50 per whole share, subject to adjustment as described herein. Only whole warrants are exercisable. A holder of the Public
Warrants will not be able to exercise any fraction of a Warrant;

 

     

     

    

 

WHEREAS, the Company has filed with the
Securities and Exchange Commission (the “Commission”) registration statements on Form S-1, File No. 333-249177
and File No. 333- 251340 (together, the “Registration Statement”) and prospectus (the “Prospectus”),
for the registration, under the Securities Act of 1933, as amended (the “Securities Act”), of the Units, the
Public Warrants and the shares of Common Stock included in the Units;

 

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

 

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

 

WHEREAS, all acts and things have been done
and performed which are necessary to make the Warrants, when executed on behalf of the Company and countersigned by or on behalf
of the Warrant Agent (if a physical certificate is issued), as provided herein, the valid, binding and legal obligations of the
Company, and to authorize the execution and delivery of this Agreement.

 

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

 

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

 

		2.	Warrants.

 

		2.1	Form of Warrant. Each Warrant shall initially be issued in registered form only.

 

		2.2	Effect of Countersignature. If a physical certificate is issued, unless and until countersigned
by the Warrant Agent, either by manual or facsimile signature, pursuant to this Agreement, a certificated Warrant shall be invalid
and of no effect and may not be exercised by the holder thereof.

 

		2.3	Registration.

 

		2.3.1	Warrant Register. The Warrant Agent shall maintain books (the
 “Warrant Register”), for the registration of original issuance and the registration of transfer of the Warrants.
Upon the initial issuance of the Warrants in book-entry form, the Warrant Agent shall issue and register the Warrants in the names
of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Warrant
Agent by the Company. Ownership of beneficial interests in the Public Warrants shall be shown on, and the transfer of such ownership
shall be effected through, records maintained by institutions that have accounts with The Depository Trust Company (the “Depositary”)
(such institution, with respect to a Warrant in its account, a “Participant”). 

 

     

     

    

 

If the Depositary subsequently ceases to
make its book-entry settlement system available for the Public Warrants, the Company may instruct the Warrant Agent regarding making
other arrangements for book-entry settlement. In the event that the Public Warrants are not eligible for, or it is no longer necessary
to have the Public Warrants available in, book-entry form, the Warrant Agent shall provide written instructions to the Depositary
to deliver to the Warrant Agent for cancellation each book-entry Public Warrant, and the Company shall instruct the Warrant Agent
to deliver to the Depositary definitive certificates in physical form evidencing such Warrants (“Definitive Warrant Certificates”)
which shall be in the form annexed hereto as Exhibit A.

 

Physical certificates, if issued, shall
be signed by, or bear the facsimile signature of, the Chairman of the Board, the Chief Executive Officer, the President, the Chief
Financial Officer, Secretary or other principal officer of the Company. In the event the person whose facsimile signature has been
placed upon any Warrant shall have ceased to serve in the capacity in which such person signed the Warrant before such Warrant
is issued, it may be issued with the same effect as if he or she had not ceased to be such at the date of issuance.

 

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

 

		2.4	Detachability of Warrants. The shares of Common Stock and Public Warrants comprising the
Units shall begin separate trading on the 52nd day following the date of the Prospectus or, if such 52nd day is not on a day, other
than a Saturday, Sunday or federal holiday, on which banks in New York City are generally open for normal business (a “Business
Day”), then on the immediately succeeding Business Day following such date, or earlier (the “Detachment Date”)
with the consent of UBS Securities LLC and Stifel, Nicolaus & Company, Incorporated, but in no event shall the shares of Common
Stock and the Public Warrants comprising the Units be separately traded until (A) the Company has filed a Current Report on
Form 8-K with the Commission containing an audited balance sheet reflecting the receipt by the Company of the gross proceeds of
the Offering, including the proceeds then received by the Company from the exercise by the underwriters of their right to purchase
additional Units in the Offering (the “Over-allotment Option”), if the Over-allotment Option is exercised prior
to the filing of the Form 8-K, and (B) the Company issues a press release announcing when such separate trading shall begin.

 

     

     

    

 

		2.5	Fractional Warrants. The Company shall not issue fractional Warrants other than as part
of the Units. If, upon the detachment of Public Warrants from the Units or otherwise, a holder of Warrants would be entitled to
receive a fractional Warrant, the Company shall round down to the nearest whole number the number of Warrants to be issued to such
holder.

 

		2.6	Sponsor Warrants. The Sponsor Warrants shall be identical to the Public Warrants, except
that so long as they are held by the Sponsor, a BlackRock Entity or any of its Permitted Transferees (as defined below) the Sponsor
Warrants: (i) may be exercised for cash or on a cashless basis, pursuant to subsection 3.3.1(c) hereof, (ii) including
the shares of Common Stock issuable upon exercise of the Sponsor Warrants, may not be transferred, assigned or sold until thirty
(30) days after the completion by the Company of an initial Business Combination, and (iii) shall not be redeemable by
the Company pursuant to Section 6.1; provided, however, that in the case of (ii), the Sponsor Warrants and
any shares of Common Stock issued upon exercise of the Sponsor Warrants may be transferred by the holders thereof:

 

		(a)	to the Company’s officers or directors, any affiliates or family members of any of the Company’s
officers or directors, any members of the Sponsor, or any affiliates of the Sponsor or any employee or partner of any such affiliate;

 

		(b)	in the case of an individual, by gift to a member of the individual’s immediate family or
to a trust, the beneficiary of which is a member of the individual’s immediate family or an affiliate of such person, or
to a charitable organization;

 

		(c)	in the case of an individual, by virtue of laws of descent and distribution upon death of the individual;

 

		(d)	in the case of an individual, pursuant to a qualified domestic relations order;

 

		(e)	by private sales or transfers made in connection with the consummation of the Company’s Business
Combination at prices no greater than the price at which the securities were originally purchased;

 

		(f)	in the event of the Company’s liquidation prior to the Company’s completion of an initial
Business Combination;

 

		(g)	by virtue of the laws of Delaware or the Sponsor’s limited liability company agreement, as
amended, upon dissolution of the Sponsor;

 

		(h)	in the event of the Company’s completion of a liquidation, merger, stock exchange or other
similar transaction which results in all of the Company’s stockholders having the right to exchange their shares of Common
Stock for cash, securities or other property subsequent to the completion of the initial Business Combination; or

 

		(i)	in the case of the BlackRock Entities, to such investors’ affiliates, or any investment fund
or other entity controlled or managed by such investors, or to any investment manager or investment advisor of the BlackRock Entities
or an affiliate of any such investment manager or investment advisor;

 

provided, however,
that in the case of clauses (a) through (e) these permitted transferees (the “Permitted Transferees”) must enter
into a written agreement agreeing to be bound by these transfer restrictions and the other restrictions contained in this Agreement.

 

     

     

    

 

		3.	Terms and Exercise of Warrants.

 

		3.1	Warrant Price. Each Warrant shall entitle the Registered Holder thereof, subject to the
provisions of such Warrant and of this Agreement, to purchase from the Company the number of shares of Common Stock stated therein,
at the price of $11.50 per whole share, subject to the adjustments provided in Section 4 hereof and in the last sentence
of this Section 3.1. The term “Warrant Price” as used in this Agreement shall mean the price per
share (including in cash or by payment of Warrants pursuant to a “cashless exercise,” to the extent permitted hereunder)
described in the prior sentence at which shares of Common Stock may be purchased at the time a Warrant is exercised. The Company
in its sole discretion may lower the Warrant Price at any time prior to the Expiration Date (as defined below) for a period of
not less than twenty (20) Business Days, provided, that the Company shall provide at least three (3) Business Days prior
written notice of such reduction to Registered Holders of the Warrants and, provided further that any such reduction shall be identical
among all of the Warrants.

 

		3.2	Duration of Warrants. A Warrant may be exercised only during the period (the “Exercise
Period”) (A) commencing on the later of: (i) the date that is thirty (30) days after the first date on
which the Company completes a Business Combination, and (ii) the date that is twelve (12) months from the date of the
closing of the Offering, and (B) terminating at the earlier to occur of: (w) 5:00 p.m., New York City time on the date
that is five (5) years after the date on which the Company completes its initial Business Combination, (x) the liquidation
of the Company in accordance with the Company’s amended and restated certificate of incorporation, as amended from time to
time, if the Company fails to consummate a Business Combination, and (y) other than with respect to the Sponsor Warrants then
held by the Sponsor, a BlackRock Entity or their Permitted Transferees with respect to a redemption pursuant to Section 6.2 hereof,
the Redemption Date (as defined below) as provided in Section 6.3 hereof (the “Expiration Date”);
provided, however, that the exercise of any Warrant shall be subject to the satisfaction of any applicable conditions,
as set forth in subsection 3.3.2 below, with respect to an effective registration statement or a valid exemption therefrom
being available. Except with respect to the right to receive the Redemption Price (as defined below) (other than with respect to
a Sponsor Warrant then held by the Sponsor, a BlackRock Entity or their Permitted Transferees in connection with a redemption pursuant
to Section 6.2 hereof) in the event of a redemption (as set forth in Section 6 hereof), each Warrant (other than a
Sponsor Warrant then held by the Sponsor, a BlackRock Entity or their Permitted Transferees in the event of a redemption pursuant
to Section 6.2 hereof) not exercised on or before the Expiration Date shall become null and void, and all rights thereunder and
all rights in respect thereof under this Agreement shall cease at 5:00 p.m. New York City time on the Expiration Date. The Company
in its sole discretion may extend the duration of the Warrants by delaying the Expiration Date; provided that the Company
shall provide at least twenty (20) days prior written notice of any such extension to Registered Holders of the Warrants and,
provided further that any such extension shall be identical in duration among all the Warrants.

 

     

     

    

 

		3.3	Exercise of Warrants.

 

		3.3.1	Payment. Subject to the provisions of the Warrant and this
Agreement, a Warrant may be exercised by the Registered Holder thereof by delivering to the Warrant Agent at its corporate trust
department (i) the Definitive Warrant Certificate evidencing the Warrants to be exercised, or, in the case of a Warrant
represented by a book-entry, the Warrants to be exercised (the “Book-Entry Warrants”) on the records of the
Depositary to an account of the Warrant Agent at the Depositary designated for such purposes in writing by the Warrant Agent to
the Depositary from time to time, (ii) an election to purchase (“Election to Purchase”) any shares of
Common Stock pursuant to the exercise of a Warrant, properly completed and executed by the Registered Holder on the reverse of
the Definitive Warrant Certificate or, in the case of a Book-Entry Warrant, properly delivered by the Participant in accordance
with the Depositary’s procedures, and (iii) the payment in full of the Warrant Price for each share of Common Stock as to
which the Warrant is exercised and any and all applicable taxes due in connection with the exercise of the Warrant, the exchange
of the Warrant for the shares of Common Stock and the issuance of such shares of Common Stock, as follows:

 

		(a)	in lawful money of the United States, in good certified check or good bank draft payable to the
order of the Warrant Agent;

 

		(b)	in the event of a redemption pursuant to Section 6.1 hereof in which the Company’s
board of directors (the “Board”) has elected to require all holders of the Warrants to exercise such Warrants
on a “cashless basis,” by surrendering the Warrants for that number of shares of Common Stock equal to the lesser of
(A) the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Warrants, multiplied
by the excess of the “Fair Market Value” (as defined in this subsection 3.3.1(b)) over the Warrant Price by
(y) the Fair Market Value and (B) 0.361. Solely for purposes of this subsection 3.3.1(b), Section 6.1 and Section 6.4,
the “Fair Market Value” shall mean the volume-weighted average price of the Common Stock as reported during
the ten (10) trading days immediately following the date on which the notice of redemption is sent to the holders of the Warrants,
pursuant to Section 6 hereof;

 

		(c)	with respect to any Sponsor Warrant, so long as such Sponsor Warrant is held by the Sponsor, a
BlackRock Entity or a Permitted Transferee, by surrendering the Warrants for that number of shares of Common Stock equal to (i)
if in connection with a redemption of Sponsor Warrants pursuant to Section 6.2 hereof, as provided in Section 6.2 hereof with respect
to a Make-Whole Exercise (as defined below) and (ii) in all other scenarios, the quotient obtained by dividing (x) the product
of the number of shares of Common Stock underlying the Warrants, multiplied by the excess of the “Fair Market Value”
(as defined in this subsection 3.3.1(c)) over the Warrant Price, by (y) the Fair Market Value. Solely for purposes
of this subsection 3.3.1(c), the “Fair Market Value” shall mean the volume-weighted average price of the Common
Stock as reported during the ten (10) trading days immediately following the date on which notice of exercise of the Warrant
is sent to the Warrant Agent;

 

		(d)	as provided in Section 6.2 with respect to a Make-Whole Exercise; or

 

		(e)	as provided in Section 7.4 hereof.

 

     

     

    

 

The Warrant
Agent shall forward funds received for warrant exercises in a given month by the 5th (5th) Business Day of the following
month by wire transfer to an account designated by the Company.

 

		3.3.2	Issuance of Shares of Common Stock on Exercise. As soon as
practicable after the exercise of any Warrant and the clearance of the funds in payment of the Warrant Price (if payment is pursuant
to subsection 3.3.1(a)), the Company shall issue to the Registered Holder of such Warrant a book-entry position or certificate,
as applicable, for the number of full shares of Common Stock to which he, she or it is entitled, registered in such name or names
as may be directed by him, her or it, and if such Warrant shall not have been exercised in full, a new book-entry position or countersigned
Warrant, as applicable, for the number of shares of Common Stock as to which such Warrant shall not have been exercised. Notwithstanding
the foregoing, the Company shall not be obligated to deliver any shares of Common Stock pursuant to the exercise of a Warrant and
shall have no obligation to settle such Warrant exercise unless (a) a registration statement under the Securities Act with respect
to the shares of Common Stock underlying the Public Warrants is then effective and (b) a prospectus relating thereto is current,
subject to the Company’s satisfying its obligations under Section 7.4 or a valid exemption from registration
is available. No Warrant shall be exercisable and the Company shall not be obligated to issue shares of Common Stock upon exercise
of a Warrant unless the shares of Common Stock issuable upon such Warrant exercise have been registered, qualified or deemed to
be exempt from registration or qualification under the securities laws of the state of residence of the Registered Holder of the
Warrants. Subject to Section 4.6 of this Agreement, a Registered Holder of Public Warrants may exercise its Public
Warrants only for a whole number of shares of Common Stock. In no event will the Company be required to net cash settle the Warrant
exercise. The Company may require holders of Public Warrants to settle the Warrant on a “cashless basis” pursuant to
Section 7.4. If, by reason of any exercise of Warrants on a “cashless basis,” the holder of any Warrant
would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share of Common Stock, the Company
shall round down to the nearest whole number, the number of shares of Common Stock to be issued to such holder. 

 

		3.3.3	Valid Issuance. All shares of Common Stock issued upon the
proper exercise of a Warrant in conformity with this Agreement shall be validly issued, fully paid and non-assessable. 

 

		3.3.4	Date of Issuance. Each person in whose name any book-entry
position or certificate, as applicable, for shares of Common Stock is issued shall for all purposes be deemed to have become the
holder of record of such shares of Common Stock on the date on which the Warrant, or book-entry position representing such Warrant,
was surrendered and payment of the Warrant Price was made, irrespective of the date of delivery of such certificate in the case
of a certificated Warrant, except that, if the date of such surrender and payment is a date when the share transfer books of the
Company or book-entry system of the Warrant Agent are closed, such person shall be deemed to have become the holder of such shares
of Common Stock at the close of business on the next succeeding date on which the share transfer books or book-entry system are
open.

 

     

     

    

 

		3.3.5	Maximum Percentage. A holder of a Warrant may notify the Company
in writing in the event it elects to be subject to the provisions contained in this subsection 3.3.5; however, no
holder of a Warrant shall be subject to this subsection 3.3.5 unless he, she or it makes such election. If the election
is made by a holder, such holder shall not have the right to exercise such Warrant, to the extent that after giving effect to such
exercise, such person (together with such person’s affiliates), to the Warrant Agent’s actual knowledge, would beneficially
own in excess of 9.8% or such other amount as the holder may specify (the “Maximum Percentage”) of the shares
of Common Stock outstanding immediately after giving effect to such exercise. For purposes of the foregoing sentence, the aggregate
number of shares of Common Stock beneficially owned by such person and its affiliates shall include the number of shares of Common
Stock issuable upon exercise of the Warrant with respect to which the determination of such sentence is being made, but shall exclude
shares of Common Stock that would be issuable upon (x) exercise of the remaining, unexercised portion of the Warrant beneficially
owned by such person and its affiliates and (y) exercise or conversion of the unexercised or unconverted portion of any other
securities of the Company beneficially owned by such person and its affiliates (including, without limitation, any convertible
notes or convertible preferred stock or warrants) subject to a limitation on conversion or exercise analogous to the limitation
contained herein. Except as set forth in the preceding sentence, for purposes of this paragraph, beneficial ownership shall be
calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
For purposes of the Warrant, in determining the number of outstanding shares of Common Stock, the holder may rely on the number
of outstanding shares of Common Stock as reflected in (1) the Company’s most recent Annual Report on Form 10-K, Quarterly
Report on Form 10-Q, Current Report on Form 8-K or other public filing with the Commission, as the case may be, (2) a more recent
public announcement by the Company or (3) any other notice by the Company or the Company’s transfer agent setting forth the
number of shares of Common Stock outstanding. For any reason at any time, upon the written request of the holder of the Warrant,
the Company shall, within two (2) Business Days confirm orally and in writing to such holder the number of shares of Common
Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to
the conversion or exercise of equity securities of the Company by the holder and its affiliates since the date as of which such
number of outstanding shares of Common Stock was reported. By written notice to the Company, the holder of a Warrant may from time
to time increase or decrease the Maximum Percentage applicable to such holder to any other percentage specified in such notice;
provided, however, that any such increase shall not be effective until the sixty-first (61st) day after such
notice is delivered to the Company. 

 

     

     

    

 

		4.	Adjustments.

 

		4.1	Stock Dividends.

 

		4.1.1	Split-Ups. If after the date hereof, and subject to the provisions
of Section 4.6 below, the number of outstanding shares of Common Stock is increased by a stock dividend payable in
shares of Common Stock, or by a split-up of shares of Common Stock or other similar event, then, on the effective date of such
stock dividend, split-up or similar event, the number of shares of Common Stock issuable on exercise of each Warrant shall be increased
in proportion to such increase in the outstanding shares of Common Stock. A rights offering to holders of shares of Common Stock
entitling holders to purchase shares of Common Stock at a price less than the “Fair Market Value” (as defined below)
shall be deemed a stock dividend of a number of shares of Common Stock equal to the product of (i) the number of shares of
Common Stock actually sold in such rights offering (or issuable under any other equity securities sold in such rights offering
that are convertible into or exercisable for the shares of Common Stock) multiplied by (ii) one (1) minus the quotient
of (x) the price per share of Common Stock paid in such rights offering divided by (y) the Fair Market Value. For purposes
of this subsection 4.1.1, (i) if the rights offering is for securities convertible into or exercisable for shares of
Common Stock, in determining the price payable for shares of Common Stock, there shall be taken into account any consideration
received for such rights, as well as any additional amount payable upon exercise or conversion and (ii) “Fair Market Value”
means the volume weighted average price of the Common Stock as reported during the ten (10) trading day period ending on the
trading day prior to the first date on which the shares of Common Stock trade on the applicable exchange or in the applicable market,
regular way, without the right to receive such rights. 

 

		4.1.2	Extraordinary Dividends. If the Company, at any time while
the Warrants are outstanding and unexpired, shall pay a dividend or make a distribution in cash, securities or other assets to
the holders of the shares of Common Stock on account of such shares of Common Stock (or other shares of the Company’s capital
stock into which the Warrants are convertible), other than (a) as described in subsection 4.1.1 above, (b) Ordinary
Cash Dividends (as defined below), (c) to satisfy the redemption rights of the holders of the shares of Common Stock in connection
with a proposed initial Business Combination, (d) to satisfy the redemption rights of the holders of the shares of Common
Stock in connection with a stockholder vote to amend the Company’s amended and restated certificate of incorporation (i) to
modify the substance or timing of the Company’s obligation to allow redemptions in connection with its initial Business Combination
or to redeem 100% of the Company’s public shares of Common Stock if the Company does not complete its initial Business Combination
within the time period set forth therein or (ii) with respect to any other provision relating to the Company’s stockholders’
rights or pre-initial Business Combination activity, or (e) in connection with the redemption of public shares upon the failure
of the Company to complete its initial Business Combination and any subsequent distribution of its assets upon its liquidation
(any such non-excluded event being referred to herein as an “Extraordinary Dividend”), then the Warrant Price
shall be decreased, effective immediately after the effective date of such Extraordinary Dividend, by the amount of cash and/or
the fair market value (as determined by the Board, in good faith) of any securities or other assets paid on each share of Common
Stock in respect of such Extraordinary Dividend. For purposes of this subsection 4.1.2, “Ordinary Cash Dividends”
means any cash dividend or cash distribution which, when combined on a per share basis, with the per share amounts of all other
cash dividends and cash distributions paid on the shares of Common Stock during the 365-day period ending on the date of declaration
of such dividend or distribution to the extent it does not exceed $0.50 (as adjusted to appropriately reflect any of the events
referred to in other subsections of this Section 4 and excluding cash dividends or cash distributions that resulted
in an adjustment to the Warrant Price or to the number of shares of Common Stock issuable on exercise of each Warrant). 

 

     

     

    

 

		4.2	Aggregation of Shares. If after the date hereof, and subject to the provisions of Section 4.6
hereof, the number of outstanding shares of Common Stock is decreased by a consolidation, combination, reverse stock split or reclassification
of shares of Common Stock or other similar event, then, on the effective date of such consolidation, combination, reverse stock
split, reclassification or similar event, the number of shares of Common Stock issuable on exercise of each Warrant shall be decreased
in proportion to such decrease in outstanding shares of Common Stock.

 

		4.3	Adjustments in Exercise Price.

 

		4.3.1	Whenever the number of shares of Common Stock purchasable upon the
exercise of the Warrants is adjusted,  the Warrant Price shall be adjusted (to the nearest cent) by multiplying such Warrant
Price immediately prior to such adjustment by a fraction (x) the numerator of which shall be the number of shares of Common Stock
purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (y) the denominator of which shall be the
number of shares of Common Stock so purchasable immediately thereafter.

 

		4.3.2	If (x) the Company issues additional shares of Common Stock
or debt or equity securities that are convertible, exercisable or exchangeable for shares of Common Stock, in each case for capital
raising purposes in connection with the closing of its initial Business Combination at an issue price or effective issue price
of less than $9.20 per share of Common Stock (with such issue price or effective issue price to be determined in good faith by
the Board and, in the case of any such issuance to the Founders or their affiliates, without taking into account any shares of
Class B common stock, par value $0.0001 per share, of the Company held by the Founders or such affiliates, as applicable, prior
to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent
more than 60% of the total equity proceeds, and interest thereon, available for the funding of the Company’s initial Business
Combination on the date of the completion of the Company’s initial Business Combination (net of redemptions), and (z) the
volume-weighted average trading price of Common Stock during the twenty (20) trading day period starting on the trading day prior
to the day on which the Company consummates its initial Business Combination (such price, the “Market Value”)
is below $9.20 per share, the Warrant Price will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market
Value and the Newly Issued Price, and the $18.00 per share redemption trigger price described in Section 6.1 will be adjusted
(to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price, and the $10.00 per share
redemption trigger price described in Section 6.2 will be adjusted (to the nearest cent) to be equal to the higher of the
Market Value and the Newly Issued Price.

 

     

     

    

 

		4.4	Replacement of Securities upon Reorganization, etc. In case of any reclassification or reorganization
of the outstanding shares of Common Stock (other than a change under Section 4.1 or Section 4.2 hereof
or that solely affects the par value of such shares of Common Stock), or in the case of any merger or consolidation of the Company
with or into another corporation (other than a merger or consolidation in which the Company is the continuing corporation and that
does not result in any reclassification or reorganization of the outstanding shares of Common Stock), or in the case of any sale
or conveyance to another corporation or entity of the assets or other property of the Company as an entirety or substantially as
an entirety in connection with which the Company is dissolved, the holders of the Warrants shall thereafter have the right to purchase
and receive, upon the basis and upon the terms and conditions specified in the Warrants and in lieu of the shares of Common Stock
of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the kind
and amount of shares of stock or other securities or property (including cash) receivable upon such reclassification, reorganization,
merger or consolidation, or upon a dissolution following any such sale or transfer, that the holder of the Warrants would have
received if such holder had exercised his, her or its Warrant(s) immediately prior to such event (the “Alternative Issuance”);
provided, however, that (i) if the holders of the shares of Common Stock were entitled to exercise a right of
election as to the kind or amount of securities, cash or other assets receivable upon such merger or consolidation, then the kind
and amount of securities, cash or other assets constituting the Alternative Issuance for which each Warrant shall become exercisable
shall be deemed to be the weighted average of the kind and amount received per share by the holders of the shares of Common Stock
in such merger or consolidation that affirmatively make such election, and (ii) if a tender, exchange or redemption offer
shall have been made to and accepted by the holders of the shares of Common Stock (other than a tender, exchange or redemption
offer made by the Company in connection with redemption rights held by stockholders of the Company as provided for in the Company’s
amended and restated certificate of incorporation or as a result of the repurchase of shares of Common Stock by the Company if
a proposed initial Business Combination is presented to the stockholders of the Company for approval) under circumstances in which,
upon completion of such tender or exchange offer, the maker thereof, together with members of any group (within the meaning of
Rule 13d-5(b)(1) under the Exchange Act (or any successor rule)) of which such maker is a part, and together with any affiliate
or associate of such maker (within the meaning of Rule 12b-2 under the Exchange Act (or any successor rule)) and any members of
any such group of which any such affiliate or associate is a part, own beneficially (within the meaning of Rule 13d-3 under the
Exchange Act (or any successor rule)) more than 50% of the outstanding shares of Common Stock, the holder of a Warrant shall be
entitled to receive as the Alternative Issuance, the highest amount of cash, securities or other property to which such holder
would actually have been entitled as a stockholder if such Warrant holder had exercised the Warrant prior to the expiration of
such tender or exchange offer, accepted such offer and all of the shares of Common Stock held by such holder had been purchased
pursuant to such tender or exchange offer, subject to adjustments (from and after the consummation of such tender or exchange offer)
as nearly equivalent as possible to the adjustments provided for in this Section 4; provided, further,
that if less than 70% of the consideration receivable by the holders of the shares of Common Stock in the applicable event is payable
in the form of common stock in the successor entity that is listed for trading on a national securities exchange or is quoted in
an established over-the-counter market, or is to be so listed for trading or quoted immediately following such event, and if the
Registered Holder properly exercises the Warrant within thirty (30) days following the public disclosure of the consummation
of such applicable event by the Company pursuant to a Current Report on Form 8-K filed with the Commission, the Warrant Price shall
be reduced by an amount (in dollars) equal to the difference of (i) the Warrant Price in effect prior to such reduction minus
(ii) (A) the Per Share Consideration (as defined below) (but in no event less than zero) minus (B) the Black-Scholes
Warrant Value (as defined below). The “Black-Scholes Warrant Value” means the value of a Warrant immediately
prior to the consummation of the applicable event based on the Black-Scholes Warrant Model for a Capped American Call on Bloomberg
Financial Markets (“Bloomberg”). For purposes of calculating such amount, (1) Section 6 of
this Agreement shall be taken into account, (2) the price of each share of Common Stock shall be the volume weighted average
price of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the effective
date of the applicable event, (3) the assumed volatility shall be the 90 day volatility obtained from the HVT function on
Bloomberg determined as of the trading day immediately prior to the day of the announcement of the applicable event, and (4) the
assumed risk-free interest rate shall correspond to the U.S. Treasury rate for a period equal to the remaining term of the Warrant.
 “Per Share Consideration” means (i) if the consideration paid to holders of the shares of Common Stock
consists exclusively of cash, the amount of such cash per share of Common Stock, and (ii) in all other cases, the volume weighted
average price of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the
effective date of the applicable event. If any reclassification or reorganization also results in a change in shares of Common
Stock covered by subsection 4.1.1, then such adjustment shall be made pursuant to subsection 4.1.1 or Sections
4.2, 4.3 and this Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive
reclassifications, reorganizations, mergers or consolidations, sales or other transfers. In no event will the Warrant Price be
reduced to less than the par value per share issuable upon exercise of the Warrant.

 

     

     

    

 

		4.5	Notices of Changes in Warrant. Upon every adjustment of the Warrant Price or the number
of shares of Common Stock issuable upon exercise of a Warrant, the Company shall give written notice thereof to the Warrant Agent,
which notice shall state the Warrant Price resulting from such adjustment and the increase or decrease, if any, in the number of
shares of Common Stock purchasable at such price upon the exercise of a Warrant, setting forth in reasonable detail the method
of calculation and the facts upon which such calculation is based. Upon the occurrence of any event specified in Sections 4.1,
4.2, 4.3 or 4.4, the Company shall give written notice of the occurrence of such event to each holder of a
Warrant, at the last address set forth for such holder in the Warrant Register, of the record date or the effective date of the
event. Failure to give such notice, or any defect therein, shall not affect the legality or validity of such event.

 

		4.6	No Fractional Shares. Notwithstanding any provision contained in this Agreement to the contrary,
the Company shall not issue fractional shares of Common Stock upon the exercise of Warrants. If, by reason of any adjustment made
pursuant to this Section 4, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive
a fractional interest in a share, the Company shall, upon such exercise, round down to the nearest whole number the number of shares
of Common Stock to be issued to such holder.

 

     

     

    

 

		4.7	Form of Warrant. The form of Warrant need not be changed because of any adjustment pursuant
to this Section 4, and Warrants issued after such adjustment may state the same Warrant Price and the same number of
shares of Common Stock as is stated in the Warrants initially issued pursuant to this Agreement; provided, however,
that the Company may at any time in its sole discretion make any change in the form of Warrant that the Company may deem appropriate
and that does not affect the substance thereof, and any Warrant thereafter issued or countersigned, whether in exchange or substitution
for an outstanding Warrant or otherwise, may be in the form as so changed.

 

		4.8	Other Events. In case any event shall occur affecting the Company as to which none of the
provisions of preceding subsections of this Section 4 are strictly applicable, but which would require an adjustment
to the terms of the Warrants in order to (i) avoid an adverse impact on the Warrants and (ii) effectuate the intent and
purpose of this Section 4, then, in each such case, the Company shall appoint a firm of independent public accountants,
investment banking or other appraisal firm of recognized national standing, which shall give its opinion as to whether or not any
adjustment to the rights represented by the Warrants is necessary to effectuate the intent and purpose of this Section 4
and, if they determine that an adjustment is necessary, the terms of such adjustment; provided, however, that under
no circumstances shall the Warrants be adjusted pursuant to this Section 4.8 as a result of any issuance of securities in connection
with a Business Combination. The Company shall adjust the terms of the Warrants in a manner that is consistent with any adjustment
recommended in such opinion.

 

		5.	Transfer and Exchange of Warrants.

 

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

 

		5.2	Procedure for Surrender of Warrants. Warrants may be surrendered to the Warrant Agent, together
with a written request for exchange or transfer reasonably acceptable to the Warrant Agent, duly executed by the registered holder
thereof, or by a duly authorized attorney, and thereupon the Warrant Agent shall issue in exchange therefor one or more new Warrants
as requested by the Registered Holder of the Warrants so surrendered, representing an equal aggregate number of Warrants; provided,
however, that except as otherwise provided herein or in any Book-Entry Warrant, each Book-Entry Warrant may be transferred
only in whole and only to the Depositary, to another nominee of the Depositary, to a successor depository, or to a nominee of a
successor depository; provided further, however, that in the event that a Warrant surrendered for transfer bears
a restrictive legend (as in the case of the Sponsor Warrants), the Warrant Agent shall not cancel such Warrant and issue new Warrants
in exchange thereof until the Warrant Agent has received an opinion of counsel for the Company stating that such transfer may be
made and indicating whether the new Warrants must also bear a restrictive legend.

 

     

     

    

 

		5.3	Fractional Warrants. The Warrant Agent shall not be required to effect any registration
of transfer or exchange which shall result in the issuance of a warrant certificate or book-entry position for a fraction of a
warrant, except as part of the Units.

 

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

 

		5.5	Warrant Execution and Countersignature. The Warrant Agent is hereby authorized to countersign
and to deliver, in accordance with the terms of this Agreement, the Warrants required to be issued pursuant to the provisions of
this Section 5, and the Company, whenever required by the Warrant Agent, shall supply the Warrant Agent with Warrants
duly executed on behalf of the Company for such purpose.

 

		5.6	Transfer of Warrants. Prior to the Detachment Date, the Public Warrants may be transferred
or exchanged only together with the Unit in which such Warrant is included, and only for the purpose of effecting, or in conjunction
with, a transfer or exchange of such Unit. Furthermore, each transfer of a Unit on the register relating to such Units shall operate
also to transfer the Warrants included in such Unit. Notwithstanding the foregoing, the provisions of this Section 5.6
shall have no effect on any transfer of Warrants on and after the Detachment Date.

 

		6.	Redemption.

 

		6.1	Redemption of Warrants when the price per share of Common Stock equals or exceeds $18.00.
Subject to Section 6.5 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the
Company, at any time while they are exercisable and prior to their expiration, at the office(s) of the Warrant Agent, upon notice
to the Registered Holders of the Warrants, as described in Section 6.3 below, at the price (the “Redemption
Price”) of $0.01 per Warrant, provided that (i) the last sales price of the Common Stock reported has been at least
$18.00 per share (subject to adjustment in compliance with Section 4 hereof), on each of twenty (20) trading days,
within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption
is given and (ii) there is an effective registration statement covering the shares of Common Stock issuable upon exercise
of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.3
below) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to subsection
3.3.1.

 

		6.2	Redemption of Warrants when the price per share of Common Stock equals
or exceeds $10.00. Subject to Section 6.5 hereof, not less than all of the outstanding Warrants may be redeemed, at
the option of the Company, commencing ninety (90) days after they are first exercisable and prior to their expiration, at
the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3
below, at a Redemption Price of $0.10 per Warrant, provided that (i) the last reported sales price of the Common Stock reported
has been at least $10.00 per share (subject to adjustment in compliance with Section 4 hereof), on the trading day prior to the
date on which notice of the redemption is given, (ii) the Sponsor Warrants are also concurrently called for redemption on the same
terms as the outstanding Public Warrants and (iii) there is an effective registration statement covering the shares of Common
Stock issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption
Period (as defined in Section 6.3 below). During the Redemption Period in connection with a redemption pursuant to this
Section 6.2, Registered Holders of the Warrants may elect to exercise their Warrants on a “cashless basis” pursuant
to subsection 3.3.1 and receive a number of shares of Common Stock determined by reference to the table below, based on
the Redemption Date (calculated for purposes of the table as the period to expiration of the Warrants) and the “Fair Market
Value” (as such term is defined in subsection 3.3.1(b)) (a “Make-Whole Exercise”).

 

     

     

    

 

	 	 	Fair Market Value of shares of Common Stock ($)	 
	Redemption Date (period to expiration of the Warrants)	 	≤10	 	 	11	 	 	12	 	 	13	 	 	14	 	 	15	 	 	16	 	 	17	 	 	≥18	 
	59 months	 	 	0.236	 	 	 	0.257	 	 	 	0.277	 	 	 	0.295	 	 	 	0.311	 	 	 	0.325	 	 	 	0.338	 	 	 	0.350	 	 	 	0.361	 
	57 months	 	 	0.233	 	 	 	0.255	 	 	 	0.275	 	 	 	0.293	 	 	 	0.309	 	 	 	0.324	 	 	 	0.338	 	 	 	0.350	 	 	 	0.361	 
	54 months	 	 	0.229	 	 	 	0.251	 	 	 	0.272	 	 	 	0.291	 	 	 	0.307	 	 	 	0.323	 	 	 	0.337	 	 	 	0.350	 	 	 	0.361	 
	51 months	 	 	0.225	 	 	 	0.248	 	 	 	0.269	 	 	 	0.288	 	 	 	0.305	 	 	 	0.321	 	 	 	0.336	 	 	 	0.349	 	 	 	0.361	 
	48 months	 	 	0.220	 	 	 	0.243	 	 	 	0.265	 	 	 	0.285	 	 	 	0.303	 	 	 	0.320	 	 	 	0.335	 	 	 	0.349	 	 	 	0.361	 
	45 months	 	 	0.214	 	 	 	0.239	 	 	 	0.261	 	 	 	0.282	 	 	 	0.301	 	 	 	0.318	 	 	 	0.334	 	 	 	0.348	 	 	 	0.361	 
	42 months	 	 	0.208	 	 	 	0.234	 	 	 	0.257	 	 	 	0.278	 	 	 	0.298	 	 	 	0.316	 	 	 	0.333	 	 	 	0.348	 	 	 	0.361	 
	39 months	 	 	0.202	 	 	 	0.228	 	 	 	0.252	 	 	 	0.275	 	 	 	0.295	 	 	 	0.314	 	 	 	0.331	 	 	 	0.347	 	 	 	0.361	 
	36 months	 	 	0.195	 	 	 	0.222	 	 	 	0.247	 	 	 	0.271	 	 	 	0.292	 	 	 	0.312	 	 	 	0.330	 	 	 	0.346	 	 	 	0.361	 
	33 months	 	 	0.187	 	 	 	0.215	 	 	 	0.241	 	 	 	0.266	 	 	 	0.288	 	 	 	0.309	 	 	 	0.328	 	 	 	0.345	 	 	 	0.361	 
	30 months	 	 	0.179	 	 	 	0.208	 	 	 	0.235	 	 	 	0.261	 	 	 	0.284	 	 	 	0.306	 	 	 	0.326	 	 	 	0.345	 	 	 	0.361	 
	27 months	 	 	0.170	 	 	 	0.199	 	 	 	0.228	 	 	 	0.255	 	 	 	0.280	 	 	 	0.303	 	 	 	0.324	 	 	 	0.343	 	 	 	0.361	 
	24 months	 	 	0.159	 	 	 	0.190	 	 	 	0.220	 	 	 	0.248	 	 	 	0.274	 	 	 	0.299	 	 	 	0.322	 	 	 	0.342	 	 	 	0.361	 
	21 months	 	 	0.148	 	 	 	0.179	 	 	 	0.210	 	 	 	0.240	 	 	 	0.268	 	 	 	0.295	 	 	 	0.319	 	 	 	0.341	 	 	 	0.361	 
	18 months	 	 	0.135	 	 	 	0.167	 	 	 	0.200	 	 	 	0.231	 	 	 	0.261	 	 	 	0.289	 	 	 	0.315	 	 	 	0.339	 	 	 	0.361	 
	15 months	 	 	0.120	 	 	 	0.153	 	 	 	0.187	 	 	 	0.220	 	 	 	0.253	 	 	 	0.283	 	 	 	0.311	 	 	 	0.337	 	 	 	0.361	 
	12 months	 	 	0.103	 	 	 	0.137	 	 	 	0.172	 	 	 	0.207	 	 	 	0.242	 	 	 	0.275	 	 	 	0.306	 	 	 	0.335	 	 	 	0.361	 
	9 months	 	 	0.083	 	 	 	0.117	 	 	 	0.153	 	 	 	0.191	 	 	 	0.229	 	 	 	0.266	 	 	 	0.300	 	 	 	0.332	 	 	 	0.361	 
	6 months	 	 	0.059	 	 	 	0.092	 	 	 	0.130	 	 	 	0.171	 	 	 	0.213	 	 	 	0.254	 	 	 	0.292	 	 	 	0.328	 	 	 	0.361	 
	3 months	 	 	0.030	 	 	 	0.060	 	 	 	0.100	 	 	 	0.145	 	 	 	0.193	 	 	 	0.240	 	 	 	0.284	 	 	 	0.324	 	 	 	0.361	 
	0 months	 	 	0.000	 	 	 	0.000	 	 	 	0.042	 	 	 	0.115	 	 	 	0.179	 	 	 	0.233	 	 	 	0.281	 	 	 	0.324	 	 	 	0.361	 

 

The exact Fair
Market Value and Redemption Date (as defined below) may not be set forth in the table above, in which case, if the Fair Market
Value is between two values in the table or the Redemption Date is between two redemption dates in the table, the number of shares
of Common Stock to be issued for each Warrant exercised in a Make-Whole Exercise will be determined by a straight-line interpolation
between the number of shares set forth for the higher and lower Fair Market Values and the earlier and later redemption dates,
as applicable, based on a 365- or 366-day year, as applicable.

 

The stock prices
set forth in the column headings of the table above shall be adjusted as of any date on which the number of shares issuable upon
exercise of a Warrant is adjusted pursuant to Section 4. The adjusted stock prices in the column headings shall equal the
stock prices immediately prior to such adjustment, multiplied by a fraction, the numerator of which is the number of shares deliverable
upon exercise of a Warrant immediately prior to such adjustment and the denominator of which is the number of shares deliverable
upon exercise of a Warrant as so adjusted. The number of shares in the table above shall be adjusted in the same manner and at
the same time as the number of shares issuable upon exercise of a Warrant. In no event will the number of shares issued in connection
with a Make-Whole Exercise exceed 0.361 shares of Common Stock per Warrant (subject to adjustment).

 

     

     

    

 

		6.3	Date Fixed for, and Notice of, Redemption. In the event that the Company elects to redeem
all of the Warrants pursuant to Sections 6.1 or 6.2, the Company shall fix a date for the redemption (the “Redemption
Date”).   Notice of redemption shall be mailed by first class mail, postage prepaid, by the Company not less than
thirty (30) days prior to the Redemption Date (such 30-day period, the “Redemption Period”) to the Registered
Holders of the Warrants to be redeemed at their last addresses as they shall appear on the registration books. Any notice mailed
in the manner herein provided shall be conclusively presumed to have been duly given whether or not the Registered Holder received
such notice.

 

		6.4	Exercise After Notice of Redemption. The Warrants may be exercised, for cash (or on a “cashless
basis” in accordance with subsection 3.3.1(b) or Section 6.2 of this Agreement) at any time after notice of
redemption shall have been given by the Company pursuant to Section 6.3 hereof and prior to the Redemption Date. In
the event that the Company determines to require all holders of Warrants to exercise their Warrants on a “cashless basis”
pursuant to subsection 3.3.1, the notice of redemption shall contain the information necessary to calculate the number of
shares of Common Stock to be received upon exercise of the Warrants, including the “Fair Market Value” (as such
term is defined in subsection 3.3.1(b) hereof) in such case. On and after the Redemption Date, the record holder of the
Warrants shall have no further rights except to receive, upon surrender of the Warrants, the Redemption Price.

 

		6.5	Exclusion of Sponsor Warrants. The Company agrees that the redemption rights provided in
Section 6.1 shall not apply to the Sponsor Warrants if at the time of the redemption such Sponsor Warrants continue
to be held by the initial holder thereof or its Permitted Transferees. However, once such Sponsor Warrants are transferred (other
than to Permitted Transferees under subsection 2.6), the Company may redeem the Sponsor Warrants, provided that the criteria
for redemption are met, including the opportunity of the holder of such Sponsor Warrants to exercise the Sponsor Warrants prior
to redemption pursuant to Section 6.4. Sponsor Warrants that are transferred to persons other than Permitted Transferees
shall upon such transfer cease to be Sponsor Warrants and shall become Public Warrants under this Agreement.

 

		7.	Other Provisions Relating to Rights of Holders of Warrants.

 

		7.1	No Rights as Stockholder. A Warrant does not entitle the Registered Holder thereof to any
of the rights of a stockholder of the Company, including, without limitation, the right to receive dividends, or other distributions,
exercise any preemptive rights to vote or to consent or to receive notice as stockholders in respect of the meetings of stockholders
or the election of directors of the Company or any other matter.

 

     

     

    

 

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

 

		7.3	Reservation of Shares of Common Stock. The Company shall at all times reserve and keep available
a number of its authorized but unissued shares of Common Stock that shall be sufficient to permit the exercise in full of all outstanding
Warrants issued pursuant to this Agreement.

 

		7.4	Registration of Shares of Common Stock; Cashless Exercise at Company’s Option.

 

		7.4.1	Registration of Shares of Common Stock. The Company agrees
that as soon as practicable, but in no event later than twenty (20) Business Days after the closing of its initial Business
Combination, it shall use its commercially reasonable efforts to file with the Commission a registration statement for the registration,
under the Securities Act of the shares of Common Stock issuable upon exercise of the Warrants. The Company shall use its commercially
reasonable efforts to cause the same to become effective and to maintain the effectiveness of such registration statement, and
a current prospectus relating thereto, until the expiration or redemption of the Warrants in accordance with the provisions of
this Agreement. If any such registration statement has not been declared effective by the 60th Business Day following the closing
of the Business Combination, holders of the Warrants shall have the right, during the period beginning on the 61st Business Day
after the closing of the Business Combination and ending upon such registration statement being declared effective by the Commission,
and during any other period when the Company shall fail to have maintained an effective registration statement covering the issuance
of the shares of Common Stock issuable upon exercise of the Warrants, to exercise such Warrants on a “cashless basis,”
by exchanging the Warrants (in accordance with Section 3(a)(9) of the Securities Act (or any successor statute) or another
exemption) for that number of shares of Common Stock equal to the lesser of (A) the quotient obtained by dividing (x) the
product of the number of shares of Common Stock underlying the Warrants, multiplied by the excess of the “Fair Market Value”
(as defined below) over the Warrant Price by (y) the Fair Market Value and (B) 0.361 shares of Common Stock per Warrant. Solely
for purposes of this subsection 7.4.1, “Fair Market Value” shall mean the volume weighted average price
of the Common Stock as reported during the ten (10) trading day period ending on the third trading day prior to the date that
notice of exercise is received by the Warrant Agent from the holder of such Warrants or its securities broker or intermediary.
The date that notice of “cashless exercise” is received by the Warrant Agent shall be conclusively determined by the
Warrant Agent. In connection with the “cashless exercise” of a Public Warrant, the Company shall, upon request, provide
the Warrant Agent with an opinion of counsel for the Company (which shall be an outside law firm with securities law experience)
stating that (i) the exercise of the Warrants on a “cashless basis” in accordance with this subsection 7.4.1
is not required to be registered under the Securities Act and (ii) the shares of Common Stock issued upon such exercise shall
be freely tradable under United States federal securities laws by anyone who is not an affiliate (as such term is defined in Rule
144 under the Securities Act (or any successor rule)) of the Company and, accordingly, shall not be required to bear a restrictive
legend. Except as provided in subsection 7.4.2, for the avoidance of doubt, unless and until all of the Warrants have been
exercised or have expired, the Company shall continue to be obligated to comply with its registration obligations under the first
three sentences of this subsection 7.4.1. 

 

     

     

    

 

		7.4.2	Cashless Exercise at Company’s Option. If Common Stock
is at the time of any exercise of a Warrant not listed on a national securities exchange such that it satisfies the definition
of a “covered security” under Section 18(b)(1) of the Securities Act (or any successor statute), the Company may,
at its option, (i) require holders of Public Warrants who exercise Public Warrants to exercise such Public Warrants on a “cashless
basis” in accordance with Section 3(a)(9) of the Securities Act (or any successor statute) as described in subsection
7.4.1 and (ii) in the event the Company so elects, the Company shall (x) not be required to file or maintain in effect
a registration statement for the registration, under the Securities Act, of the shares of Common Stock issuable upon exercise of
the Warrants, notwithstanding anything in this Agreement to the contrary, and (y) use its commercially reasonable efforts
to register or qualify for sale the shares of Common Stock issuable upon exercise of the Public Warrant under applicable blue sky
laws to the extent an exemption is not available. 

 

		8.	Concerning the Warrant Agent and Other Matters.

 

		8.1	Payment of Taxes. The Company shall from time to time promptly pay all taxes and charges
that may be imposed upon the Company or the Warrant Agent in respect of the issuance or delivery of shares of Common Stock upon
the exercise of the Warrants, but the Company and the Warrant Agent shall not be obligated to pay any transfer taxes in respect
of the Warrants or such shares of Common Stock.

 

		8.2	Resignation, Consolidation, or Merger of Warrant Agent.

 

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

 

     

     

    

 

		8.2.2	Notice of Successor Warrant Agent. In the event a successor
Warrant Agent shall be appointed, the Company shall give notice thereof to the predecessor Warrant Agent and the Company’s
transfer agent for the shares of Common Stock not later than the effective date of any such appointment. 

 

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

 

		8.3	Fees and Expenses of Warrant Agent.

 

		8.3.1	Remuneration. The Company agrees to pay the Warrant Agent
reasonable remuneration for its services as such Warrant Agent hereunder and shall, pursuant to its obligations under this Agreement,
reimburse the Warrant Agent upon demand for all expenditures that the Warrant Agent may reasonably incur in the execution of its
duties hereunder. 

 

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

 

		8.4	Liability of Warrant Agent.

 

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

 

     

     

    

 

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

 

		8.4.3	Exclusions. The Warrant Agent shall have no responsibility
with respect to the validity of this Agreement or with respect to the validity or execution of any Warrant (except its countersignature
thereof). The Warrant Agent shall not be responsible for any breach by the Company of any covenant or condition contained in this
Agreement or in any Warrant. The Warrant Agent shall not be responsible to make any adjustments required under the provisions of
Section 4 hereof or responsible for the manner, method, or amount of any such adjustment or the ascertaining of the
existence of facts that would require any such adjustment; nor shall it by any act hereunder be deemed to make any representation
or warranty as to the authorization or reservation of any shares of Common Stock to be issued pursuant to this Agreement or any
Warrant or as to whether any shares of Common Stock shall, when issued, be valid and fully paid and non-assessable. 

 

		8.5	Acceptance of Agency. The Warrant Agent hereby accepts the agency established by this Agreement
and agrees to perform the same upon the terms and conditions herein set forth and among other things, shall account promptly to
the Company with respect to Warrants exercised and concurrently account for, and pay to the Company, all monies received by the
Warrant Agent for the purchase of shares of Common Stock through the exercise of the Warrants.

 

		8.6	Waiver. The Warrant Agent has no right of set-off or any other right, title, interest or
claim of any kind (“Claim”) in, or to any distribution of, the Trust Account (as defined in that certain Investment
Management Trust Agreement, dated as of the date hereof, by and between the Company and Continental Stock Transfer & Trust
Company, as trustee thereunder) and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against
the Trust Account for any reason whatsoever. The Warrant Agent hereby waives any and all Claims against the Trust Account and any
and all rights to seek access to the Trust Account.

 

		9.	Miscellaneous Provisions.

 

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

 

     

     

    

 

		9.2	Notices. Any notice, statement or demand authorized by this Agreement to be given or made
by the Warrant Agent or by the holder of any Warrant to or on the Company shall be sufficiently given when delivered if by hand
or overnight delivery or if sent by trackable mail or private courier service when sent, addressed (until another address is filed
in writing by the Company with the Warrant Agent), as follows:

 

KINS Technology Group Inc.

Four Palo Alto Square, Suite 200

3000 El Camino Real

Palo Alto, CA 94306

Attention: Chief Financial Officer

 

Any notice, statement or demand
authorized by this Agreement to be given or made by the holder of any Warrant or by the Company to or on the Warrant Agent shall
be sufficiently given when delivered if by hand or overnight delivery or if sent by trackable mail or private courier service when
sent, addressed (until another address is filed in writing by the Warrant Agent with the Company), as follows:

 

Continental Stock
Transfer & Trust Company

One State Street, 30th Floor

New York, NY 10004

Attention: Compliance Department

 

		9.3	Applicable Law and Exclusive Forum. The validity, interpretation, and performance of this
Agreement and of the Warrants shall be governed by and construed in accordance with the laws of the State of New York, including,
without limitation, Sections 5-1401 and 5-1402 of the New York General Obligations Law and New York Civil Practice Laws and Rule
327(b). The Company hereby agrees that any action, proceeding or claim against it arising out of, or otherwise based on, this Agreement,
including under the Securities Act, shall be brought and enforced in the courts of the State of New York or the United States District
Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be the exclusive
forum for any such action, proceeding or claim. The Company hereby waives any objection to such exclusive jurisdiction and that
such courts represent an inconvenient forum.

 

Notwithstanding
the foregoing the provisions of this paragraph will not apply to suits brought to enforce any liability or duty created by the
Exchange Act or any other claim for which the federal district courts of the United States of America are the sole and exclusive
forum. Any person or entity purchasing or otherwise acquiring any interest in the Warrants shall be deemed to have notice of and
to have consented to the forum provisions in this Section 9.3. If any action, the subject matter of which is within the scope the
forum provisions above, is filed in a court other than a court located within the State of New York or the United States District
Court for the Southern District of New York (a “foreign action”) in the name of any warrant holder, such warrant holder
shall be deemed to have consented to: (x) the personal jurisdiction of the state and federal courts located within the State of
New York or the United States District Court for the Southern District of New York in connection with any action brought in any
such court to enforce the forum provisions (an “enforcement action”), and (y) having service of process made upon such
warrant holder in any such enforcement action by service upon such warrant holder's counsel in the foreign action as agent for
such warrant holder.

 

		9.4	Persons Having Rights under this Agreement. Nothing in this Agreement shall be construed
to confer upon, or give to, any person, corporation or other entity other than the parties hereto and the Registered Holders of
the Warrants any right, remedy, or claim under or by reason of this Agreement or of any covenant, condition, stipulation, promise,
or agreement hereof. All covenants, conditions, stipulations, promises, and agreements contained in this Agreement shall be for
the sole and exclusive benefit of the parties hereto and their successors and assigns and of the Registered Holders of the Warrants.

 

     

     

    

 

		9.5	Examination of the Warrant Agreement. A copy of this Agreement shall be available at all
reasonable times at the office of the Warrant Agent in the Borough of Manhattan, City and State of New York, for inspection by
the Registered Holder of any Warrant. The Warrant Agent may require any such holder to submit such holder’s Warrant for inspection
by it.

 

		9.6	Counterparts; Electronic Signatures. This Agreement may be executed in any number of original
or facsimile counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts
shall together constitute but one and the same instrument. A signature to this Agreement transmitted electronically shall have
the same authority, effect, and enforceability as an original signature.

 

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

 

		9.8	Amendments. This Agreement may be amended by the parties hereto without the consent of any
Registered Holder for the purpose of (i) curing any ambiguity or to correct any mistake, including to conform the provisions hereof
to the description of the terms of the Warrants and this Agreement set forth in the Prospectus, or defective provision contained
herein or (ii) adding or changing any provisions with respect to matters or questions arising under this Agreement as the parties
may deem necessary or desirable and that the parties deem shall not adversely affect the rights of the Registered Holders under
this Agreement. All other modifications or amendments, including any modification or amendment to increase the Warrant Price or
shorten the Exercise Period, shall require the vote or written consent of the Registered Holders of 50% of the then-outstanding
Public Warrants and, solely with respect to any amendment to the terms of the Sponsor Warrants or any provision of this Agreement
with respect to the Sponsor Warrants, 50% of the then-outstanding Sponsor Warrants. Notwithstanding the foregoing, the Company
may lower the Warrant Price or extend the duration of the Exercise Period pursuant to Sections 3.1 and 3.2, respectively,
without the consent of the Registered Holders.

 

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

 

Exhibit A Form of Warrant Certificate

 

Exhibit B Legend — Sponsor Warrants
and BlackRock Warrants

 

     

     

    

 

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

 

	 	KINS TECHNOLOGY GROUP INC.
	 	 
	 	 
	 	By:	 /s/ Khurram P. Sheikh
	 	 	Name:	Khurram P. Sheikh
	 	 	Title:	 Chief Executive Officer and Chief Financial Officer
	 	 
	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, AS WARRANT AGENT
	 	 
	 	 
	 	By:	/s/Stacy Aqui
	 	 	Name:	 Stacy Aqui
	 	 	Title:	Vice President

 

[Signature Page to Warrant Agreement]

 

     

     

    

 

EXHIBIT A

 

Form of Warrant Certificate

 

[FACE]

 

Number

 

Warrants

 

THIS WARRANT SHALL BE NULL AND VOID
IF NOT EXERCISED PRIOR TO

THE EXPIRATION OF THE EXERCISE PERIOD PROVIDED FOR

IN THE WARRANT AGREEMENT DESCRIBED BELOW

 

KINS Technology Group Inc.

Incorporated Under the Laws of the State of Delaware

 

CUSIP 49714K 117

Warrant Certificate

 

This Warrant Certificate certifies that
                     , or registered
assigns, is the registered holder of                     
warrant(s) evidenced hereby (the “Warrants” and each, a “Warrant”) to purchase shares of
Class A common stock, $0.0001 par value per share (“Common Stock”), of KINS Technology Group Inc., a Delaware
corporation (the “Company”). Each Warrant entitles the holder, upon exercise during the period set forth in
the Warrant Agreement referred to below, to receive from the Company that number of fully paid and non-assessable shares of Common
Stock as set forth below, at the exercise price (the “Exercise Price”) as determined pursuant to the Warrant
Agreement, payable in lawful money (or through “cashless exercise” as provided for in the Warrant Agreement) of the
United States of America upon surrender of this Warrant Certificate and payment of the Exercise Price at the office or agency of
the Warrant Agent referred to below, subject to the conditions set forth herein and in the Warrant Agreement. Defined terms used
in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement.

 

Each whole Warrant is initially exercisable
for one fully paid and non-assessable share of Common Stock. No fractional shares will be issued upon exercise of any Warrant.
If, upon the exercise of Warrant, a holder would be entitled to receive a fractional interest in a share, the Company will, upon
exercise, round down to the nearest whole number of the number of shares of Common Stock to be issued to the holder. The number
of shares of Common Stock issuable upon exercise of the Warrants is subject to adjustment upon the occurrence of certain events
as set forth in the Warrant Agreement.

 

     

     

    

 

The initial Exercise Price per share of
Common Stock for any Warrant is equal to $11.50 per whole share. The Exercise Price is subject to adjustment upon the occurrence
of certain events as set forth in the Warrant Agreement.

 

Subject to the conditions set forth in the
Warrant Agreement, the Warrants may be exercised only during the Exercise Period and to the extent not exercised by the end of
such Exercise Period, such Warrants shall become null and void.

 

Reference is hereby made to the further
provisions of this Warrant Certificate set forth on the reverse hereof and such further provisions shall for all purposes have
the same effect as though fully set forth at this place.

 

This Warrant Certificate shall not be valid
unless countersigned by the Warrant Agent, as such term is used in the Warrant Agreement.

 

This Warrant Certificate shall be governed
by and construed in accordance with the internal laws of the State of New York.

 

	 	KINS TECHNOLOGY GROUP INC.
	 	 
	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 
	 	 
	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, AS WARRANT AGENT
	 	 
	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:

 

     

     

    

 

[Form of Warrant Certificate]

 

[Reverse]

 

The Warrants evidenced by this Warrant Certificate
are part of a duly authorized issue of Warrants entitling the holder on exercise to receive             
shares of Common Stock and are issued or to be issued pursuant to a Warrant Agreement dated as of [•], 2020 (the “Warrant
Agreement”), duly executed and delivered by the Company to Continental Stock Transfer & Trust Company, a New York
corporation, as warrant agent (or successor warrant agent) (collectively, the “Warrant Agent”), which Warrant
Agreement is hereby incorporated by reference in and made a part of this instrument and is hereby referred to for a description
of the rights, limitation of rights, obligations, duties and immunities thereunder of the Warrant Agent, the Company and the holders
(the words “holders” or “holder” meaning the Registered Holders or Registered Holder, respectively)
of the Warrants. A copy of the Warrant Agreement may be obtained by the holder hereof upon written request to the Company. Defined
terms used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement.

 

Warrants may be exercised at any time during
the Exercise Period set forth in the Warrant Agreement. The holder of Warrants evidenced by this Warrant Certificate may exercise
them by surrendering this Warrant Certificate, with the form of Election to Purchase set forth hereon properly completed and executed,
together with payment of the Exercise Price as specified in the Warrant Agreement (or through “cashless exercise” as
provided for in the Warrant Agreement) at the designated office(s) of the Warrant Agent. In the event that upon any exercise of
Warrants evidenced hereby the number of Warrants exercised shall be less than the total number of Warrants evidenced hereby, there
shall be issued to the holder hereof or his, her or its assignee, a new Warrant Certificate evidencing the number of Warrants not
exercised.

 

Notwithstanding anything else in this Warrant
Certificate or the Warrant Agreement, no Warrant may be exercised unless at the time of exercise (i) a registration statement
covering the shares of Common Stock to be issued upon exercise is effective under the Securities Act and (ii) a prospectus
thereunder relating to the shares of Common Stock is current, except through “cashless exercise” as provided for in
the Warrant Agreement.

 

The Warrant Agreement provides that upon
the occurrence of certain events the number of shares of Common Stock issuable upon exercise of the Warrants set forth on the face
hereof may, subject to certain conditions, be adjusted. If, upon exercise of a Warrant, the holder thereof would be entitled to
receive a fractional interest in a share of Common Stock, the Company shall, upon exercise, round down to the nearest whole number
of shares of Common Stock to be issued to the holder of the Warrant.

 

Warrant Certificates, when surrendered at
the designated office(s) of the Warrant Agent by the Registered Holder thereof in person or by legal representative or attorney
duly authorized in writing, may be exchanged, in the manner and subject to the limitations provided in the Warrant Agreement, but
without payment of any service charge, for another Warrant Certificate or Warrant Certificates of like tenor evidencing in the
aggregate a like number of Warrants.

 

     

     

    

 

Upon due presentation for registration of
transfer of this Warrant Certificate at the office(s) of the Warrant Agent a new Warrant Certificate or Warrant Certificates of
like tenor and evidencing in the aggregate a like number of Warrants shall be issued to the transferee(s) in exchange for this
Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without charge except for any tax or other third-party
charges imposed in connection therewith.

 

The Company and the Warrant Agent may deem
and treat the Registered Holder(s) hereof as the absolute owner(s) of this Warrant Certificate (notwithstanding any notation of
ownership or other writing hereon made by anyone), for the purpose of any exercise hereof, of any distribution to the holder(s)
hereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary.
Neither the Warrants nor this Warrant Certificate entitles any holder hereof to any rights of a stockholder of the Company.

 

     

     

    

 

Election to Purchase

 

(To Be Executed Upon Exercise of Warrant)

 

The undersigned hereby irrevocably elects
to exercise the right, represented by this Warrant Certificate, to receive             
shares of Common Stock and herewith tenders payment for such shares of Common Stock to the order of KINS Technology Group Inc.
(the “Company”) in the amount of $                    
in accordance with the terms hereof. The undersigned requests that a certificate for such shares of Common Stock be registered
in the name of                     ,
whose address is                     
and that such shares of Common Stock be delivered to whose address is                     .
If said number of shares of Common Stock is less than all of the shares of Common Stock purchasable hereunder, the undersigned
requests that a new Warrant Certificate representing the remaining balance of such shares of Common Stock be registered in the
name of                     ,
whose address is                     ,
and that such Warrant Certificate be delivered to                     ,
whose address is                     .

 

In the event that the Warrant has been called
for redemption by the Company pursuant to Section 6.1 or Section 6.2 of the Warrant Agreement and the Company
has required cashless exercise pursuant to Section 6.4 of the Warrant Agreement, the number of shares of Common Stock
that this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(b) and Section 6.4
of the Warrant Agreement.

 

In the event that the Warrant is a Sponsor
Warrant that is to be exercised on a “cashless” basis pursuant to subsection 3.3.1(c) of the Warrant Agreement,
the number of shares of Common Stock that this Warrant is exercisable for shall be determined in accordance with subsection
3.3.1(c) of the Warrant Agreement.

 

In the event that the Warrant is to be exercised
on a “cashless” basis pursuant to Section 7.4 of the Warrant Agreement, the number of shares of Common
Stock that this Warrant is exercisable for shall be determined in accordance with Section 7.4 of the Warrant Agreement.

 

In the event that the Warrant may be exercised,
to the extent allowed by the Warrant Agreement, through cashless exercise (i) the number of shares of Common Stock that this
Warrant is exercisable for would be determined in accordance with the relevant section of the Warrant Agreement which allows for
such cashless exercise and (ii) the holder hereof shall complete the following: The undersigned hereby irrevocably elects
to exercise the right, represented by this Warrant Certificate, through the cashless exercise provisions of the Warrant Agreement,
to receive shares of Common Stock. If said number of shares of Common Stock is less than all of the shares of Common Stock purchasable
hereunder (after giving effect to the cashless exercise), the undersigned requests that a new Warrant Certificate representing
the remaining balance of such shares of Common Stock be registered in the name of                     ,
whose address is                     ,
and that such Warrant Certificate be delivered to                     ,
whose address is                     .

 

     

     

    

 

	Date:
    ,        	 	(Signature)
	 
	 
	 
	 	 	(Address)
	 
	 
	 	 	 
	 	 	(Tax
    Identification Number)
	 
	Signature
    Guaranteed:	 	 
	 
	 	 	 

 

THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR
INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE
MEDALLION PROGRAM, PURSUANT TO SEC RULE 17Ad-15 (OR ANY SUCCESSOR RULE) under the SECURITIES
exchange act, OF 1934, AS AMENDED).

 

     

     

    

 

EXHIBIT B

 

LEGEND

 

 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED, SOLD, TRANSFERRED
OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAWS
OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE. IN ADDITION, SUBJECT TO ANY ADDITIONAL LIMITATIONS ON TRANSFER DESCRIBED IN THE
LETTER AGREEMENT BY AND AMONG KINS TECHNOLOGY GROUP INC. (THE “COMPANY”),
KINS Capital LLC AND THE OTHER PARTIES THERETO, OR THE SECURITIES SUBSCRIPTION AGREEMENTS
BY AND BETWEEN THE COMPANY AND THE BLACKROCK ENTITIES (AS DEFINED IN THE RECITALS OF THE WARRANT AGREEMENT REFERRED TO HEREIN),
AS APPLICABLE, THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD OR TRANSFERRED PRIOR TO THE DATE THAT IS THIRTY (30) DAYS
AFTER THE DATE UPON WHICH THE COMPANY COMPLETES ITS INITIAL BUSINESS COMBINATION (AS DEFINED IN THE RECITALS OF THE WARRANT AGREEMENT
REFERRED TO HEREIN) EXCEPT TO A PERMITTED TRANSFEREE (AS DEFINED IN SECTION 2 OF THE WARRANT AGREEMENT) WHO AGREES IN WRITING WITH
THE COMPANY TO BE SUBJECT TO SUCH TRANSFER PROVISIONS.

 

SECURITIES EVIDENCED BY THIS CERTIFICATE AND SHARES OF COMMON
STOCK OF THE COMPANY ISSUED UPON EXERCISE OF SUCH SECURITIES SHALL BE ENTITLED TO REGISTRATION RIGHTS UNDER A REGISTRATION RIGHTS
AGREEMENT TO BE EXECUTED BY THE COMPANY.

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