Document:

Exhibit
10.1

 

INNOVEST
ENERGY FUND

 

Subscription
Agreement

 

(Non-US
Person)

 

The
attached Subscription Agreement is the document by which you offer to subscribe for and purchase non-voting redeemable participating
shares (the Participating Shares) in Innovest Energy Fund (the Fund). Before completing the Subscription Agreement,
please read the Private Placement Memorandum of the Fund and the terms and conditions set out in Part B of the Subscription Agreement.

 

Notes
on completion of the Subscription Agreement

 

Part
A must be completed in full and signed. The appropriate part of Schedule 1 must also be completed in full. Incomplete Subscription
Agreements will not be accepted.

 

Supporting
documentation

 

In
order to comply with the Fund’s obligations under the Tax Information Authority Law (as revised), the regulations, and guidance
notes made pursuant to that Law, and treaties and intergovernmental agreements entered into by the Cayman Islands in relation
to the automatic exchange of information for tax matters (collectively AEOI), to collect certain information about each
account holder’s tax status, Subscribers for Participating Shares must complete the relevant self- certification form in
Schedule 1, and provide any additional information that is requested.

 

In
addition, in order to comply with any applicable anti-money laundering regulations, subscribers for Participating Shares are required
to provide the documentation specified in the Appendix that is appropriate to the category of subscriber. All documents must be
originals or copies certified by a suitable person (such as a lawyer, accountant, director or manager of a regulated institution
or a notary public) as a true copy. Where documents are not in English, a notarised translation must be provided.

 

Submitting
your application for Participating Shares

 

Once
completed, a copy of this Subscription Agreement, the completed Schedule 1 and supporting documentation should be sent by email
to, with the original to follow by courier to:

 

Innovest
Energy Fund

Address:
c/o Innovest Asset Management Limited

Unit
B, 17/F, United Centre

95
Queensway, Admiralty, Hong

Email:
am@innovest.com.hk

 

with
a scanned copy by email to the Administrator:

 

Aurora
Fund Services (Asia) Limited

Email:
operations@aurorafs.asia

Attention:
Investor Services

Subject:
Innovest Energy Fund

 

The
Subscription Agreement, together with any supporting documents, must be received by the Administrator by no later than 5:00 p.m.
(Hong Kong time) on the last Business Day of the Initial Offering Period or by no later than 5:00 p.m. (Hong Kong time) on the
Business Day prior to the relevant Subscription Day, as applicable.

 

    	 	i	 

    	 	 	 

    

 

 

Payment
Instructions

 

Payment
of subscription monies should be made in US Dollars by wire transfer to:

 

	Correspondent
    Bank:	 	UNITED
    OVERSEAS BANK LTD HONG KONG
	SWIFT
    Address:	 	UOVBHKHH
	Beneficiary
    Bank Name:	 	UNITED
    OVERSEAS BANK LTD HONG KONG
	SWIFT
    Address:	 	UOVBHKHH
	Bank
    Code:	 	071
	Bank
    Address:	 	23/F,
    3 Garden Road, Central, Hong Kong
	Beneficiary
    Account Name:	 	Innovest
    Energy Fund
	Account
    Number:	 	081-912-232-5
	Under
    reference:	 	Subscription
    monies from [Name of Subscriber]

 

Notes:

 

Cleared
funds must be received in the Fund’s account prior to 5:00 p.m. (Hong Kong time) on the last Business Day of the Initial
Offering Period or 5:00 p.m. (Hong Kong time) on the Business Day prior to the relevant Subscription Day, as applicable.

 

All
subscription monies must originate from an account held in the name of the Subscriber. No third party payments will be permitted.

 

Any
bank charges incurred in respect of wire transfers will be deducted from the subscription monies and only the net amount will
be invested in Participating Shares.

 

    	 	ii	 

    	 	 	 

    

 

INNOVEST
ENERGY FUND

 

(the
Fund)

 

Subscription
Agreement

(Non-US
Person)

 

Part
A: Particulars of Subscriber and application for Participating Shares

 

I/we,
the undersigned (the Subscriber) irrevocably apply for such number of Participating Shares in the Fund of the class indicated
below (the Participating Shares), on the terms of the Private Placement Memorandum of the Fund, as amended or supplemented
(the Memorandum), as may be purchased with the subscription amount specified below and to have such Participating Shares
registered as specified in the registration details below.

 

Unless
otherwise defined, capitalised terms have the meanings given to them in the Memorandum.

 

Registration
details

 

	Full
    name(s):	 	GREENPRO
    RESOURCES LIMITED
	(two
    names may be registered but only one address)	 	 
	 	 	 
	Registration
    address:	 	OMC
    CHAMBERS, WICKHAMS CAY 1, ROAD TOWN, TORTOLA,
	(PO
    Boxes are not accepted for registration purposes)	 	BRITISH
    VIRGIN ISLANDS
	 	 	 
	Correspondence
    address:	 	ROOM
    1701-03, THE METROPOLIS TOWER,
	(if
    different)	 	10
    METROPOLIS DRIVE, HUNG HOM, HONG KONG
	 	 	 
	 	 	 
	 	 	 
	Telephone
    no:	 	+852
    3111 7718 Facsimile no: +852 3111 7720
	Email
    address:	 	gilbert.loke@greenprocapital.com
	 	 	 
	Nationality/place
    of incorporation:	 	BRITISH
    VIRGIN ISLANDS
	Source
    of wealth and occupation

/nature of business:	 	INVESTMENT
    HOLDING

 

    	 	3	 

    	 	 	 

    

 

The
Subscriber declares that:

 

	 	a)	the
    information provided on the origin of wealth and source of fund are true and complete; and
	 	b)	the
    funds are clean and are not derived from any illegal activities.

 

Source
of Funds:

 

(Please
advise in details on how you acquired the money to be invested)

 

FUND
FROM HOLDING COMPANY 

 

 

 

 

 

 

Source
of Wealth:

 

(Please
check the box to indicate your source of wealth and you may select more than one item)

 

	[  ]	Employment
    Income
	 	Occupation ___________________________________________________________________________
	 	Name
    of Employer ____________________________________________________________________
	 	 
	[  ]	Business
    Profits:
	 	Nature
    of the business: _________________________________________________________________
	 	Name
    of Company: _______________________________________________________________________
	 	 
	[  ]	Savings/Investment
    Income
	 	Nature
    and Name of Investment: ____________________________________________
	 	 
	[  ]	Sale
    of Assets
	 	Nature
    of Assets and sales amount: __________________________________
	 	 
	[  ]	Retirement/Pension
    Income
	 	 
	[  ]	Trust/Inheritance
	 	 
	[X]	Other
    (please specify): FUND FROM HOLDING COMPANY

 

    	 	4	 

    	 	 	 

    

 

	Participating
    Shares being subscribed for:	 	 	 	 
	(Please
    tick one box only. If you wish to subscribe for Participating Shares of more than one Class, please complete a separate Subscription
    Agreement for each Class)	 	[  ]

        [X]
	 	Class
        A Shares

        Class
        B Shares

         

	 	 	 	 	 
	Subscription
        amount:

         

        The
        minimum initial investment per subscriber in the Fund is US$1,000,000 in the case of Class A Shares and US$100,000 in
        the case of Class B Shares, exclusive of any Subscription Fee

         
	 	US$	 	7,206,000
	Subscription
        Fee:

         

        A
        Subscription Fee up to 2% of the subscription amount will be charged on subscription of Class A Shares and Class B Shares

         
	 	US$	 	144,120
	Total
    Subscription Monies:	 	US$	 	7,350,120

 

Payment
of subscription monies: Subscription monies will be paid from the following account and redemption money will be going back
to that account:

 

	Name
    of Bank:	 	 
	Account
    No:	 	 
	Account
    Name:	 	 
	SWIFT
    Code:	 	 
	Bank
    Address:	 	 
	Correspondent
    Bank Name:	 	 
	Correspondent
    Bank Branch:	 	 
	Correspondent
    Bank SWIFT Code:	 	 

 

Wire
confirmations for subscriptions must match the information provided above and the account must be held in the name of the Subscriber.
No third party payments will be accepted.

 

If
the Subscriber’s subscription is in kind: The Subscriber undertakes to transfer the following investments as accepted
by the Directors as non-cash consideration to those accounts of the Fund.

 

	Submitted
    securities	 	Number
    of securities	 	Identification
    Number (ISIN, Common No., Cedel or Euroclear)	 	Estimated
    total value as at applicable Valuation Day
	NASDAQ:
    GRNQ	 	3,000,000	 	CUSIP:
    39540F101	 	US$7,206,000
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

Notes:
If this space is insufficient to list all securities being transferred, please complete additional sheets setting forth the requested
information for the securities being transferred and attach them to the completed Subscription Agreement.

 

    	 	5	 

    	 	 	 

    

 

Communications
from the Fund: The Subscriber will be receiving communications from the Fund by email.

 

Instructions
from joint holders: Until further written notice is given, the Fund and its delegates and agents are authorised to rely upon
and act in accordance with instructions from:

 

	[  ]	ANY
    of the joint holders (the joint holders undertake that any instructions given by any one joint holder is binding on each joint
    holder); or
	 	 
	[X] 	ALL
    of the joint holders.

 

Please
tick whichever box is applicable. Where no indication is made, all joint holders will be required to sign any instructions.

 

Proper
instructions where Subscriber is an entity: The following persons are authorised to give instructions to, and receive instructions
from, the Fund and/or its delegates and agents. Such persons shall be the only persons so authorised until further written notice,
signed by one or more of such persons, is given to the Fund.

 

	LOKE
    CHE CHAN GILBERT	 	 
	Name	 	Signature
	 	 	 
	LEE
    CHONG KUANG	 	 
	Name	 	Signature
	 	 	 
	 	 	 
	Name	 	Signature
	 	 	 
	 	 	 
	Name	 	Signature

 

The
Subscriber confirms that: (a) it has read all of this Subscription Agreement; and (b) the representations, warranties and acknowledgements
made by the Subscriber in this Subscription Agreement are true and correct.

 

The
Subscriber undertakes to remit the subscription monies in full, net of bank charges, by electronic transfer so that cleared funds
are received in the bank account of the Fund by no later than 5:00 p.m. (Hong Kong time) on the last Business Day of the Initial
Offering Period or by no later than 5:00 p.m. (Hong Kong time) on the Business Day prior to the relevant Subscription Day, as
applicable.

 

The
Subscriber acknowledges that: (a) this Subscription Agreement will not be binding on the Fund unless and until it is accepted
by the Fund; (b) the Fund may reject this application in whole or part and is not obliged to give any reason for doing so; (c)
in the event of this application being rejected, the subscription monies paid, or the balance thereof in the case of a partial
rejection, will be returned (without interest) as soon as practicable in US Dollars to the bank account from which the subscription
monies were remitted, at the risk and cost of the Subscriber; and (d) unless and until its application is rejected by the Fund,
the Subscriber shall not be entitled to cancel, terminate, or revoke this application.

 

    	 	6	 

    	 	 	 

    

 

Execution

 

Signed
by the Subscriber and, in the case of joint Subscribers, by both joint Subscribers

 

	 	 	11/02/2021
	Signature	 	Date
	 	 	 
	LOKE
    CHE CHAN GILBERT	 	DIRECTOR
	Name	 	Capacity
	 	 	 
	 	 	11/02/2021
	Signature	 	Date
	 	 	 
	LEE
    CHONG KUANG	 	DIRECTOR
	Name	 	Capacity

 

Notes:

 

	●	If
    the application for Participating Shares is being made by two subscribers, this Subscription Agreement must be signed by each
    subscriber.
	 	 
	●	If
    the application for Participating Shares is being made by a corporation, this Subscription Agreement must be signed by an
    individual authorised to sign it on the behalf of the corporation and that individual must state his/her capacity.
	 	 
	●	If
    the application for Participating Shares is being made by a limited partnership, this Subscription Agreement must be signed
    by an individual authorised to sign it on the behalf of the general partner of the limited partnership.
	 	 
	●	If
    this Subscription Agreement is signed under power of attorney, the power of attorney or a duly certified copy thereof must
    accompany this Subscription Agreement.

 

    	 	7	 

    	 	 	 

    

 

Part
B: Terms and conditions

 

	1	Representations,
    warranties, covenants and acknowledgements
	 	 
	1.1	The
    Subscriber (and in the case of joint Subscribers, each of them):

 

	 	(a)	confirms
    that: (i) it has received, read, fully considered and understands the Memorandum; (ii) it is making this application for Participating
    Shares on the terms of the Memorandum and subject to the provisions of the articles of association of the Fund (the Articles);
    and (iii) it undertakes to observe and be bound by the provisions of the Articles, as amended from time to time;
	 	 	 
	 	(b)	confirms
    that: (i) it is applying for Participating Shares on the basis of the information contained in the Memorandum and that it
    has not relied on any representations or statements made or information provided by any person in relation to the Fund other
    than the information contained in the Memorandum; (ii) copies of all material contracts described in the Memorandum together
    (where applicable) with the most recent annual report and accounts of the Fund have been made available to it; and (iii) it
    has been given the opportunity to verify and to clarify any information contained in the Memorandum and such documents, and
    to obtain additional information in order to evaluate the merits and risks of an investment in the Fund;
	 	 	 
	 	 	 
	 	(c)	confirms
    that it has consulted with its own legal, tax and financial advisers in connection with the purchase of Participating Shares
    (or has chosen not to do so) and is not purchasing Participating Shares as a result of, or pursuant to: (i) any advertisement,
    article, notice or other communications published in any newspaper, magazine or similar media (including any internet site
    whose information about the Fund is not password protected) or broadcast over television or radio; or (ii) any seminar or
    meeting whose attendees, including the Subscriber, had been invited as a result of, or pursuant to, any of the foregoing;
	 	 	 
	 	(d)	confirms
    that: (i) it has the knowledge, expertise and experience in financial matters to evaluate the risks associated with an investment
    in the Fund; (ii) it is aware of the risks inherent in investing in the types of investments in which the assets of the Fund
    will be invested and the methods by which such investments will be held and/or traded; (iii) it has evaluated its proposed
    investment in the Fund in light of its financial conditions and resources, and (iv) it is able to bear the economic risk of
    its investment in the Fund, including the inherent risk of the potential to lose its entire investment in the Fund;
	 	 	 
	 	(e)	represents
    and warrants that it is not a resident in the Cayman Islands;
	 	 	 
	 	(f)	represents
    and warrants that: (i) it is, and for as long as it holds any Participating Share will be, an Eligible Investor (as described
    in the Memorandum); (ii) it is not acting on behalf of, or for the benefit of, nor does it intend transferring any Participating
    Shares which it may hold from time to time to, any person who is not an Eligible Investor; and (iii) it will notify the Fund
    immediately in the event that it becomes aware that it, or any person for whom it holds the Participating Shares, has ceased
    to be an Eligible Investor;

 

    	 	8	 

    	 	 	 

    

 

	 	(g)	represents
    and warrants that: (i) it is not a “US person” within the meaning of Rule 902 of Regulation S promulgated under
    the US Securities Act of 1933, as amended and falls within the definition of “Non-US person” in Regulation 4.7
    promulgated under the US Commodity Exchange Act, as amended; (ii) all offers to acquire the Participating Shares were made
    to or by the Subscriber while the Subscriber was outside the United States, and the Subscriber’s request to acquire
    the Participating Shares originated while the Subscriber was outside of the United States; (iii) it will notify the Fund immediately:
    (1) if it becomes a US person or is no longer a Non- US person; or (2) it becomes aware that the person for whom it holds
    the Participating Shares has become a US person or is no longer a Non-US person; and (iv) neither the Participating Shares
    nor any interest therein will be transferred within the United States, its territories or possessions;
	 	 	 
	 	(h)	represents
    and warrants that: (i) it is not a benefit plan investor1 and is not investing in the Fund on behalf of a benefit
    plan investor; and (ii) the subscription amount does not constitute the assets of an employee benefit plan for the purposes
    of the US Employee Retirement Income Security Act of 1974 or a “Plan” within the meaning of the US Internal Revenue
    Code of 1986;
	 	 	 
	 	(i)	represents
    and warrants that: (i) it is neither a member of the public in Hong Kong nor a person resident/domiciled in Hong Kong; or
    (ii) it is a member of the public in Hong Kong or a person resident/domiciled in Hong Kong and it is an employee of the Company
    or a member of the Company or any of its subsidiaries and have been warned and is aware that the contents of this Subscription
    Agreement have not been reviewed by any regulatory authority in Hong Kong and it has been advised (a) to exercise caution
    in relation to the offer of the Participating Shares and (b) that if it is in any doubt about any of the contents of this
    Subscription Agreement, to obtain independent professional advice; or (iii) it is a person resident/domiciled in Hong Kong
    and is a Professional Investor as defined in the Securities (Chapter 571 of the Laws of Hong Kong) and Futures Ordinance and
    Securities and Futures (Professional Investor) Rules (Chapter 571D of the Laws of Hong Kong);
	 	 	 
	 	(j)	represents,
    warrants and acknowledges that it is acquiring the Participating Shares for its own account or is acquiring the Participating
    Shares for an account with respect to which it exercises sole investment discretion and has the authority to make, and does
    make, the acknowledgements, representations and agreements contained in this subscription agreement and that it (and any such
    account) is outside the United States acting on a discretionary basis for non-US beneficial owners (other than an estate or
    trust), and is acquiring the Participating Shares in an offshore transaction in reliance upon Regulation S under the US Securities
    Act and it is not purchasing the Participating Shares for the account of another person who is resident of or located in the
    United States unless: (i) the instruction to purchase was received from a person outside the United States; and (ii) the person
    giving such instruction has confirmed that it: (a) has the authority to give such instruction; and (b) either (x) has investment
    discretion over such account or (y) is an investment manager or investment company that, in the case of (x) and (y), is purchasing
    the Participating Shares in an “offshore transaction” within the meaning of Regulation S under the US Securities
    Act; represents and warrants that it is acquiring the Participating Shares for investment purposes only and not with a view
    to distributing or reselling such Participating Shares in whole or in part;

 

 

1A
“benefit plan investor” includes (i) an employee benefit plan that is subject to the provisions of Title I of the
U.S. Employee Retirement Income Security Act of 1974, as amended (ERISA), (ii) a “plan” that is not subject
to the provisions of Title I of ERISA , but that is subject to the prohibited transaction provisions of Section 4975 of the U.S.
Internal Revenue Code of 1986, such as individual retirement accounts and certain retirement plans for self-employed individuals;
and (iii) a pooled investment fund whose assets are treated as “plan assets” under section 3(42) of ERISA and any
regulations promulgated thereunder because “employee benefits plans” or “plans” hold 25 per cent or more
of any class of equity interest in such pooled investment fund.

 

    	 	9	 

    	 	 	 

    

 

	 	(k)	represents
    and warrants that it is not subject to any law, regulation or judicial or governmental order, judgment or decree requiring
    it to disclose any information or materials (whether or not confidential information) relating to the Fund to any person(s)
    and it is not required by any law, regulation or judicial or governmental order, judgment or decree or any agreement or contract
    to obtain any consent or approval prior to agreeing to be bound by the confidentiality provisions of the Memorandum. The Subscriber
    represents and warrants that except as previously disclosed in writing to the Fund, it has taken all actions and obtained
    all consents necessary to enable it to comply with the provisions of the Memorandum related to confidential information. The
    Subscriber agrees that it will not use any confidential information it receives for any purpose other than monitoring and
    evaluating its investment in the Fund;
	 	 	 
	 	(l)	represents
    and warrants that it is acquiring the Participating Shares for investment purposes only and not with a view to distributing
    or reselling such Participating Shares in whole or in part;
	 	 	 
	 	(m)	consents
    to the recording by the Fund and/or any of its delegates or agents of telephone conversations with the Subscriber and agrees
    that any such recordings may be submitted in evidence in any proceedings relating to this application or relating to the Fund;
	 	 	 
	 	(n)	agrees
    that it shall not duplicate or provide copies of the Articles, the Memorandum or this Subscription Agreement to any persons
    other than the Subscriber’s legal, tax and financial advisers;
	 	 	 
	 	(o)	represents
    and warrants that the information given in Part A and Schedule 1 is true, accurate and complete in all respects and agrees
    to notify the Fund promptly of any change with respect to any information given in this Subscription Agreement or if any of
    the confirmations, warranties, representations, declarations or statements in this Subscription Agreement are no longer true,
    accurate and complete in all respects;
	 	 	 
	 	(p)	agrees
    that it will, if requested to do so, provide such certifications, documents or other evidence as the Fund and/or any of its
    delegates or agents may reasonably require: (i) to verify such information; and/or (ii) to substantiate the confirmations,
    warranties, representations, declarations or statements contained in this Subscription Agreement, and/or (iii) in connection
    with its holding of Participating Shares;
	 	 	 
	 	(q)	understands
    that its investment in the Fund cannot be withdrawn except by way of redemption of Participating Shares in accordance with
    the terms of the Memorandum and that redemption proceeds paid on the redemption of Participating Shares will be paid into
    the account from which the Subscriber’s subscription monies were received unless the Fund agrees otherwise;

 

    	 	10	 

    	 	 	 

    

 

	 	(r)	understands,
    acknowledges and agrees that the Fund may amend the Memorandum in the circumstances, and in accordance with the terms, set
    out in the Memorandum and that any such amendment will apply to the Subscriber and in respect of any Participating Shares
    issued pursuant to this Subscription Agreement;
	 	(s)	understands
    and acknowledges that: (i) from time to time the Fund may enter into agreements with certain prospective or existing holders
    of Participating Shares, under which those holders receive advantages not appearing in the Memorandum; (ii) the Fund is not
    required to notify other shareholders of the rights granted by, and/or terms of, any such agreements; (iii) nor is the Fund
    obliged to offer such rights or terms to the Subscriber or other shareholders;
	 	 	 
	 	(t)	understands
    and acknowledges that: (i) although Participating Shares will not be issued until the relevant Subscription Day, subscription
    monies received by the Fund are deposited directly into an account in the name of the Fund; and (ii) neither the Fund nor
    any delegate or agent of the Fund will be liable to the Subscriber for any loss or damage howsoever arising out of or in relation
    to the deposit and or release of subscription monies prior to the issue of Participating Shares; and
	 	 	 
	 	(u)	agrees
    that it shall not present a petition to wind up the Fund on a just and equitable basis in the Grand Court of the Cayman Islands
    or make any other equivalent application before the courts of any other jurisdiction in connection with the realisation of
    the assets of the Fund in anticipation of the termination of the business of the Fund as contemplated by the Memorandum and
    the Articles.

 

	1.2	For
    the purposes of this Subscription Agreement, “Tax Information Exchange Obligations” means the obligations
    imposed on the Fund to gather and disclose to the competent authorities information relating to investors in the Fund under:

 

	 	(a)	the
    United States Foreign Account Tax Compliance Act provisions enacted under the United States Hiring Incentives to Restore Employment
    Act and any guidance, or regulations relating thereto;
	 	 	 
	 	(b)	any
    other legislation, regulations or guidance enacted in any jurisdiction which seeks to implement similar tax reporting, tax
    information exchange, reporting and/or withholding tax regimes (including the OECD Multilateral Competent Authority Agreement);
	 	 	 
	 	(c)	any
    intergovernmental agreement between the Cayman Islands (or any Cayman Islands government body) and the U.S. or any other jurisdiction
    (including any government bodies in any other such jurisdiction), entered into, in order to comply with, facilitate, supplement
    or implement the legislation, regulations or guidance described in (a) and (b), including the OECD Multilateral Competent
    Authority Agreement; and
	 	 	 
	 	(d)	any
    legislation, regulations or guidance in the Cayman Islands that give effect to the foregoing.

 

    	 	11	 

    	 	 	 

    

 

	1.3	The
    Fund is required to comply with the provisions of Tax Information Exchange Obligations. In this regard, the Subscriber acknowledges
    and agrees that:

 

	 	(a)	the
    Subscriber is required to complete and deliver to the Administrator the Tax Information Authority self-certification form
    enclosed with Schedule 1 of this Subscription Agreement. The Subscriber may also be required to provide such additional information
    as the Administrator and/or the Fund may reasonably require from time to time in order to ensure its ongoing compliance with
    its Tax Information Exchange Obligations;
	 	 	 
	 	(b)	if
    the Subscriber provides information or documentation that is in anyway misleading or inaccurate or if the Subscriber fails
    to provide information or documentation as may be requested from time to time, (whether or not such action or inaction leads
    to compliance failures by the Fund, or a risk of the Fund or its investors being subject to withholding tax or other penalties),
    the Fund may take any action and/or pursue any remedies available to the Fund including, without limitation, compulsory redemption
    of the Subscriber’s Participating Shares and may deduct from any redemption proceeds in respect of the Participating
    Shares so redeemed, any liabilities, costs, expenses or taxes arising (directly or indirectly) from such action or inaction.
    The Fund may also be required to treat the Subscriber’s interest in the Fund as a reportable account in order to comply
    with its Tax Information Exchange Obligations;
	 	 	 
	 	(c)	the
    Subscriber waives, and/or shall cooperate with the Fund to obtain a waiver of, the provisions of any law which prevent compliance
    by the Fund with its obligations under Tax Information Exchange Obligations, including, without limitation, those laws which
    prohibit the disclosure by the Fund, or by any of its agents, of the information or documentation requested from the Subscriber
    pursuant to paragraph (b); or prohibit the reporting of financial or account information by the Fund or its duly authorized
    agents or delegates required pursuant to the Tax Information Exchange Obligations;
	 	 	 
	 	(d)	if
    the Subscriber provides information and documentation that is in anyway misleading, or it fails to provide the Fund or its
    agents or delegates with the information and documentation requested pursuant to paragraph (a), (whether or not such action
    or inaction leads to compliance failures by the Fund, or a risk of the Fund or its investors being subject to withholding
    tax or other penalties), the Fund reserves the right:

 

	 	(a)	to
    take any action and/or pursue all remedies at the Fund’s disposal including, without limitation, compulsory redemption
    of the Subscriber’s Participating Shares in full or in part; and
	 	 	 
	 	(b)	to
    hold back from any redemption proceeds in respect of Participating Shares so redeemed, any liabilities, costs, expenses or
    taxes arising (directly or indirectly) from such action or inaction; and

 

    	 	12	 

    	 	 	 

    

 

	 	(e)	the
    Subscriber shall have no claim against the Fund, or its agents or delegates, for any form of damages or liability as a result
    of actions taken or remedies pursued by or on behalf of the Fund in order to comply with the Tax Information Exchange Obligations
    (or any other withholding or information reporting laws) or avoid any withholding.

 

	1.4	The
    Subscriber acknowledges and consents that the Fund and/or the Manager may disclose to each other, to any regulatory body or
    any other service provider to the Fund in any jurisdiction, including those outside of the Cayman Islands, copies of the Subscriber’s
    subscription application and any information, certifications or documentation, including of a confidential nature, provided
    by the Subscriber to the Fund and/or the Manager. Any such disclosure shall not be treated as a breach of any restriction
    upon the disclosure of information imposed on such person by law or otherwise.
	 	 
	1.5	The
    Subscriber hereby indemnifies the Fund and each of its agents and delegates and each of their respective principals, members,
    managers, officers, directors, stockholders, employees and agents (the TIEO Indemnified Party) and holds them harmless
    from and against any withholding and any Tax Information Exchange Obligations (or other withholding or information reporting)
    related liability, action, proceeding, claim, demand, costs, damages, expenses (including legal expenses) penalties or taxes
    whatsoever which a TIEO Indemnified Party may suffer or incur as a result of any action or inaction (directly or indirectly)
    of the Subscriber (or any related person) described in paragraph 1.3 above. This indemnification shall survive the Subscriber’s
    death or disposition of its Participating Shares.
	 	 
	1.6	Each
    representation, warranty, covenant and acknowledgement contained in this Subscription Agreement shall:

 

	 	(a)	survive
    the execution and delivery of this Subscription Agreement and the issue of Participating Shares to the Subscriber; and
	 	 	 
	 	(b)	be
    deemed to be reaffirmed by the Subscriber at any time it purchases or otherwise acquires Participating Shares.

 

	2	Anti-money
    laundering
	 	 
	2.1	The
    Subscriber acknowledges that, in order to comply with measures aimed at the prevention of money laundering and terrorism,
    the Fund and/or any of its delegates or agents, may require verification of the identity of the Subscriber and the source
    of the Subscriber’s subscription monies before this application can be processed. The Subscriber undertakes to provide:
    (a) such information and documentation as the Fund and/or any of its delegates or agents may request to verify its identity
    in compliance with applicable anti- money laundering laws and regulations; and (b) any further information and documentation
    as the Fund and/or any of its delegates or agents may request from time to time to ensure ongoing compliance with applicable
    laws and regulations. The Subscriber acknowledges that neither the Fund nor any of its delegates or agents shall be liable
    for any loss arising as a result of a failure to process the Subscriber’s application for Participating Shares if such
    information and documentation as has been requested has not been provided by the Subscriber. The Subscriber agrees to indemnify
    and hold harmless the Fund and its delegates and agents against any loss incurred by them due to such information and documentation
    as has been requested not being provided by the Subscriber.

 

    	 	13	 

    	 	 	 

    

 

	2.2	The
    Subscriber represents, warrants and covenants that it is not, nor is any person or entity controlling, controlled by or under
    common control with the Subscriber, acting, directly or indirectly (“Related Person”): (a) in contravention
    of any applicable laws and regulations, including anti-money laundering regulations or conventions; (b) on behalf of terrorist
    or terrorist organisations, including those persons or entities that are included on the List of Specially Designated Nationals
    and Blocked Persons maintained by the US Treasury Department’s Office of Foreign Assets Control (OFAC); and (c)
    as trustee, agent, representative or nominee for a foreign shell bank2.
	 	 
	2.3	The
    Subscriber represents and warrants that it is not, and to the extent the Subscriber is acting as agent or nominee in connection
    with this investment, or otherwise has any beneficial owners, such beneficial owners are not (i) a person who is or has been
    entrusted with prominent public functions by a foreign country, for example a Head of State or of government, senior politician,
    senior government, judicial or military official, senior executive of a state owned corporation, and important political party
    official; (ii) a person who is or has been entrusted domestically with prominent public functions, for example a Head of State
    or of government senior politician, senior government, judicial or military official, senior executives of a state owned corporation
    and important political party official; nor (iii) a person which is or has been entrusted with a prominent function by an
    international organisation like a member of senior management, such as a director, a deputy director and a member of the board
    or equivalent functions, (including (y) any company clearly related to them and any individuals who are related to the first
    named person directly or through marriage or similar (civil) forms of partnership and (z) close associates being individuals
    who are closely connected to the first named person either socially or professionally, hereinafter collectively referred to
    as a “PEP”). If the Subscriber or any of its beneficial owners is a PEP, the Directors, after being specifically
    notified by the Subscriber in writing that such circumstance exists, shall conduct further enhanced due diligence (in accordance
    with section 30 of the Anti-Money Laundering Regulations (as revised) and otherwise) and determine if the Subscriber shall
    be permitted to invest in the Fund.
	 	 
	2.4	The
    Subscriber understands and agrees that the Fund prohibits the investment of funds by those persons or entities that are included
    on any lists maintained by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC Lists), the
    US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), the United Nations (UN)
    Security Council, or named pursuant to European Union (EU) and/or United Kingdom (UK) Regulations (as the latter
    are extended to the Cayman Islands by Her Majesty’s Government of the United Kingdom by Orders in Council), (B) operationally
    based or domiciled in a country or territory in relation to which sanctions imposed by the UN, OFAC, FinCEN, the EU and/or
    the UK apply, (C) otherwise subject to sanctions imposed by the UN, OFAC, FinCEN, the EU or the UK (including as the latter
    are extended to the Cayman Islands by Her Majesty’s Government of the United Kingdom by Orders in Council or (D) any
    shell bank, (collectively, a Sanctions Subject)) (and for the avoidance of doubt, the Subscriber acknowledge and agree
    that should any investment made on behalf of the Fund subsequently become subject to applicable sanctions, the Fund may immediately
    and without notice to the Subscriber to inform the Cayman Islands Financial Reporting Authority, freeze the subscriber’s
    accounts, monies, or economic resources, and to cease any further dealings with that investment until the applicable sanctions
    are lifted or a licence is obtained under applicable law to continue such dealings (a Sanctioned Investment Event).
    Should a Sanctioned Investment Event occur, the Fund may exercise its powers to appropriately address this to which the Subscriber
    acknowledge and understand). The Subscriber acknowledges and agrees that (i) should it or a Related Person be, or become at
    any time during its investment in the Fund, a Sanctions Subject, the Fund may immediately and without notice to the Subscriber
    cease any further dealings with the Subscriber and/or the Subscriber’s Shares in the Fund until it ceases to be a Sanctions
    Subject or a licence is obtained under applicable law to continue such dealings (a Sanctioned Persons Event), and (ii)
    the Fund and its delegates or the relevant service providers shall have no liability whatsoever for any liabilities, costs,
    expenses, damages and/or losses (including but not limited to any direct, indirect or consequential losses, loss of profit,
    loss of revenue, loss of reputation and all interest, penalties and legal costs and all other professional costs and expenses)
    incurred by the Subscriber as a result of a Sanctioned Persons Event.

 

 

2
an institution that accepts currency for deposit and that (i) has no physical presence in the jurisdiction in which it is
incorporated or in which it is operating, as the case may be; and (ii) is unaffiliated with a regulated financial group that is
subject to consolidated supervision (known as a “shell bank”)

 

    	 	14	 

    	 	 	 

    

 

	2.5	The
    Subscriber represents, warrants and covenants that to the extent the Subscriber has any beneficial owners: (a) it has carried
    out thorough due diligence to establish the identities of such beneficial owners; (b) based on such due diligence, the Subscriber
    reasonably believes that no beneficial owner is a Sanctions Subject; (c) it holds the evidence of the identities and status
    of its beneficial owners and will maintain all such evidence for at least five years from the date of the Subscriber’s
    complete redemption from the Fund; and (d) it will make available such evidence and any additional evidence that the Fund
    may require upon request in accordance with applicable regulations.
	 	 
	2.6	If
    any of the representations, warranties or covenants in clause 2.2 to clause 2.5 ceases to be true or if the Fund no longer
    reasonably believes that it has satisfactory evidence as to their truth, notwithstanding any other agreement to the contrary,
    the Fund may, in accordance with applicable regulations, be obligated to: (a) take certain actions relating to the Subscriber’s
    holding of Participating Shares; (b) report such action; and (c) disclose the Subscriber’s identity to OFAC or other
    authority. In the event that the Fund is required to take any such action, the Subscriber understands and agrees that it shall
    have no claim against the Fund for any form of damages as a result of any of such actions.
	 	 
	2.7	The
    Subscriber acknowledges and understands that if, as a result of any information or other matter which comes to his attention,
    any person resident in the Cayman Islands (including the Fund, its directors and the Administrator) knows or suspects or has
    reasonable grounds for knowing or suspecting that another person is engaged in criminal conduct or is involved with terrorism,
    terrorist financing or terrorist property and the information for that knowledge or suspicion came to their attention in the
    course of business in the regulated sector, or other trade, profession, business or employment, the person will be required
    to report such knowledge or suspicion to (i) the Financial Reporting Authority of the Cayman Islands, pursuant to the Proceeds
    of Crime Law (Revised) of the Cayman Islands if the disclosure relates to criminal conduct or money laundering, or (ii) a
    police constable not below the rank of inspector, or the Financial Reporting Authority, pursuant to the Terrorism Law (Revised)
    of the Cayman Islands, if the disclosure relates to involvement with terrorism or terrorist financing and property; and such
    a report shall not be treated as a breach of confidence or of any restriction upon the disclosure of information imposed by
    any enactment or otherwise.

 

    	 	15	 

    	 	 	 

    

 

	2.8	Where
    this application is made as trustee, custodian, nominee or otherwise on behalf of another person or persons, the Subscriber
    warrants that it has carried out reasonable verification checks on and obtained sufficient evidence as to the identity of
    such person or persons on whose behalf the Subscriber shall be holding the Participating Shares so as to satisfy the Subscriber
    of the provenance and legitimacy of the source of funds used to subscribe for the Participating Shares and has otherwise complied
    with the laws and regulations relating to anti-money laundering procedures that are applicable in the jurisdiction where such
    Participating Shares are offered or distributed and the Subscriber acknowledges that in applying to be registered owner of
    the Participating Shares on such person’s or persons’ behalf the Subscriber is confirming that it is satisfied
    as to the identity of the underlying beneficial holder(s) and the provenance and legitimacy of the funds being used to subscribe
    for the Participating Shares.
	 	 
	2.9	Legislation
    currently applicable to the Fund and the Administrator requires that, as part of compliance thereto, certain documents must
    be monitored to ensure that they are timely and up-to-date. The Subscriber acknowledges that, in order to comply with this
    requirement, the Administrator and/or the Manager will require that certain documents are delivered by the Subscriber to the
    Administrator and/or the Manager on a periodic basis. The Administrator and/or the Manager may contact the Subscriber to request
    such documents, and, by signing the Subscription Agreement, the Subscriber hereby confirms that it will provide the documents
    so requested on a timely basis. The Subscriber further acknowledges that failure to provide such documents could result in
    delays during the redemption process, as monies may not be remitted to the Subscriber until all requested documents are received
    and approved by the Administrator and/or the Manager.
	 	 
	2.10	Further,
    if subsequent investments are made, the source of funds will need to be re- established, and failure to provide adequate information
    to the Administrator and/or the Manager could result in delays during the redemption process similar to those outlined in
    the preceding sentence.
	 	 
	3	Instructions
    and communications
	 	 
	3.1	Any
    notice to be given by the Subscriber to the Fund whether pursuant to this Subscription Agreement or otherwise should be delivered
    to:

 

Innovest
Energy Fund

Address:
c/o Innovest Asset Management Limited

Unit B, 17/F, United Centre

95
Queensway, Admiralty, Hong

Email: am@innovest.com.hk

 

with
a scanned copy by email to the Administrator:

 

Aurora
Fund Services (Asia) Limited

Email: operations@aurorafs.asia

Attention: Investor Services

Subject: Innovest Energy Fund

 

    	 	16	 

    	 	 	 

    

 

	3.2	The
    Subscriber authorises and instructs the Fund and its delegates and agents to accept and execute any instructions in respect
    of the Participating Shares to which this application relates given by the Subscriber in writing or by email. If instructions
    are given by email the Subscriber undertakes to send the original written instructions to the Fund and agrees to keep each
    of the Fund and its delegates and agents indemnified against any loss of any nature whatsoever arising to any of them as a
    result of any of them acting upon email instructions.
	 	 
	3.3	The
    Subscriber acknowledges that the Fund and its delegates and agents may rely conclusively upon and shall incur no liability
    in respect of any action taken upon any notice, consent, request, instructions or other instrument believed in good faith
    to be genuine and to be signed by properly authorised persons.
	 	 
	3.4	The
    Fund is required to deliver certain correspondence and documents to shareholders including but not limited to, account statements,
    updates to the Memorandum, notices, annual audited financial statements and regulatory communications (collectively, Investor
    Communications). The Fund will deliver Investor Communications to the Subscriber in the manner requested by the Subscriber
    in Part A of this Subscription Agreement. The Subscriber may at any time upon written notice to the Fund change the manner
    in which Investor Communications are delivered to the Subscriber.
	 	 
	3.5	If
    the Subscriber chooses to receive Investor Communications by email, the Subscriber acknowledges and agrees that:

 

	 	(a)	the
    Fund may deliver any document as an attachment (which may be in Adobe’s Portable Document Format (PDF) or such other
    format as the Fund may determine) to an email or by posting the document on a password protected website and notifying the
    Subscriber of its availability through an email;
	 	 	 
	 	(b)	email
    messages are not secure and may contain computer viruses or other defects, may not be accurately replicated on other systems,
    or may be intercepted, deleted or interfered with without the knowledge of the sender or the intended recipient;
	 	 	 
	 	(c)	neither
    the Fund nor any of its delegates or agents will be liable for any interception or non delivery of Investor Communications
    sent by email;
	 	 	 
	 	(d)	it
    will be solely responsible for notifying the Fund in writing of any change in its email address and that the Fund may not
    seek to verify or confirm the Subscriber’s email address as provided; and
	 	 	 
	 	(e)	the
    Fund may intercept, monitor and retain e-mail messages to and from its systems as permitted by applicable law.

 

    	 	17	 

    	 	 	 

    

 

	4	Data
    Protection
	 	 
	4.1	The
    Subscriber acknowledges that information supplied on this Subscription Agreement, including copies of the Subscriber’s
    application/documents and any information concerning the Subscriber, whether provided by the Subscriber to the Fund, the Administrator
    and/or the Manager or otherwise, including details of the Subscriber’s holdings in the Fund, historical and pending
    transactions in the Participating Shares and the values thereof and otherwise in connection with the Subscriber’s subscription
    for Participating Shares (collectively Personal Information) may be held by the Fund, the Manager and/or the Administrator
    and may be used for the purpose of:

 

	 	(a)	processing
    the Subscriber’s subscription for Participating Shares and completion of information on the register of Shareholders;
	 	 	 
	 	(b)	carrying
    out the Subscriber’s instructions or responding to any enquiry purporting to be given by the Subscriber or on behalf
    of the Subscriber;
	 	 	 
	 	(c)	dealing
    in any other matters relating to the Subscriber’s holding of Participating Shares (including the mailing of reports
    or notices); and/or
	 	 	 
	 	(d)	observing
    any legal, governmental or regulatory requirements of any relevant jurisdiction (including the Data Protection Law of the
    Cayman Islands (DPL) as amended, extended, re-enacted or consolidated from time to time or any other disclosure or
    notification requirements to which any recipient of the data is subject).

 

	4.2	The
    Subscriber acknowledges and agrees that, subject to the requirements of applicable law relating to personal information, the
    Fund, the Manager and the Administrator may:

 

	 	(a)	retain
    Personal Information after the Subscriber has redeemed or transferred all of its Participating Shares and after the termination
    of the Fund;
	 	 	 
	 	(b)	maintain
    Personal Information on computer systems based or maintained in such places as the Fund, the Administrator and/or the Manager
    determines, which may be in countries that have not enacted data protection legislation;
	 	 	 
	 	(c)	disclose
    and transfer Personal Information, by any method including electronically and/or by making available the original or a copy
    of the Subscription Agreement itself, to any of its employees, officers, directors, agents and/or affiliates, any other service
    provider to the Fund (including banks and/or brokers of the Fund), to any investment vehicle (including its administrator)
    that the Fund may invest, any counterparty, any regulatory body in any applicable jurisdiction to which any of the Fund, the
    Administrator and/or the Manager is or may be subject, or to any third party employed to provide administrative, computer
    or other services or facilities to any person to whom data is disclosed or transferred as aforesaid;
	 	 	 
	 	(d)	disclose
    Personal Information where such disclosure is required by any law or order of any court or pursuant to any direction, request
    or requirement (whether or not having the force of law) of any central bank or governmental or other regulatory or taxation
    authority (including, without limitation, the Cayman Islands Monetary Authority or the Tax Information Authority) or if, in
    consultation with the Manager, the Fund deems it necessary to protect or preserve the assets of the Fund;

 

    	 	18	 

    	 	 	 

    

 

	 	(e)	disclose
    Personal Information where such disclosure is required by a potential service provider to the Fund to allow such service provider
    to complete any pre- appointment due diligence or other requirements it may have; and
	 	 	 
	 	(f)	disclose
    and transfer Personal Information, by any method including electronically and/or by making available the original or a copy
    of the Subscription Agreement itself, to the Directors, the Administrator, the Manager and/or the professional advisers of
    the Directors, the Administrator and/or Manager.

 

Please
tick (“[  ]”)the box below to confirm you consent to the transfer of data to countries which do not
provide an “adequate level of protection” as described in the Cayman Islands.

 

I/We
consent to the transfer of my data to countries which do not provide an “adequate level of protection” as described
in the Cayman Islands.

 

I/We
do not consent to the transfer of my data to any country which does not provide an “adequate level of protection”
as described in the Cayman Islands. We do however agree to the transfer of data to such countries to the extent necessary for
the performance of this Application Form, including without limitation, where the Administrator, and its Sub-Administrator, delegates
and agents are part of a larger corporate group or the Administrator and its Sub-Administrator delegates and agents transfer data
for anti-money laundering or other compliance purposes.

 

Any
such disclosure, use, storage or transfer shall not be treated as a breach of any restriction upon the disclosure, use, storage
or transfer of information imposed on any such person by law or otherwise.

 

	4.3	The
    Subscriber acknowledges and agrees that the provision of the Personal Information is voluntary. However, failure to supply
    the Personal Information may result in the Fund, the Manager, the Administrator and the service providers of the Fund being
    unable to accept and/or process my/our application for Shares or to provide related services in connection with my/our subscription
    for Shares and/or as shareholder(s) of the Fund. The Subscriber agrees to the terms of the Privacy Notice in Schedule 2 and
    agrees to the processing of its Personal Information accordingly.
	 	 
	4.4	The
    Subscriber further acknowledges and agrees with the provisions in Schedule 3 titled “Privacy Notice for Data Protection
    Law” outlining the Fund’s use of the Subscriber’s Personal Information and access to Personal Information
    held by or on behalf of the Fund.
	 	 
	4.5	All
    such Personal Information may be retained until the expiration of the term of the Fund or after the Subscriber’s Shares
    have been redeemed; compulsorily redeemed; or transferred in accordance with applicable laws including the DPL.
	 	 
	4.6	A
    Subscriber who is an individual, has the right of access to, and to update, their Personal Information records (whether held
    on computer files or manually) held by the Administrator and/or the Manager. Requests should be made in writing to the Manager
    at the address set out in the Memorandum.

 

    	 	19	 

    	 	 	 

    

 

	4.7	In
    the case of discovery of a Personal Data breach, the Fund shall notify the Subscriber and the Cayman Islands’ Ombudsman
    of the data breach in question.
	 	 
	5	Limit
    of liability and indemnity
	 	 
	5.1	The
    Subscriber agrees to indemnify and keep indemnified the Fund, the Manager, the Administrator and their delegates and agents
    and their respective affiliates, principals, members, officers, directors, shareholders, employees and agents (each, an Indemnified
    Party), from and against any and all costs, claims, demands, liabilities, expenses, damages or losses including, without
    limitation, consequential losses and loss of profit and all interest, penalties and legal and other professional costs and
    expenses due to, or arising out of, breach of any of the representations, warranties, covenants or agreements by the Subscriber
    contained in this Subscription Agreement.
	 	 
	5.2	Any
    Indemnified Party, TIEO Indemnified Party or other identifiable person who is not a party to this Subscription Agreement may
    enforce any rights granted to it pursuant to this Subscription Agreement in its own right as if it was a party to this Subscription
    Agreement. Except as expressly provided in the foregoing sentence, a person who is not a party to this Subscription Agreement
    shall not have any rights under the Contracts (Rights of Third Parties) Law (Revised) to enforce any term of this Subscription
    Agreement. Notwithstanding any term of this Subscription Agreement, the consent of or notice to any person who is not a party
    to this Subscription Agreement shall not be required for any termination, rescission or agreement to any variation, waiver,
    assignment, novation, release or settlement under this Subscription Agreement at any time.
	 	 
	6	Power
    and authority
	 	 
	6.1	If
    the Subscriber is an entity: The person executing this Subscription Agreement for the Subscriber represents and warrants
    that he or she is duly authorised to do so and the Subscriber has the full power and authority under its governing instruments
    to acquire the Participating Shares. The Subscriber represents and warrants that: (a) it is duly organised, validly existing
    and in good standing under the laws of its jurisdiction of organisation; (b) the execution and delivery of this Subscription
    Agreement and performance by it of its terms: (i) are within its powers and have been duly authorised by all necessary actions
    on its behalf; (ii) require no action by or in respect of, or filing with, any governmental body, agency or official (except
    as disclosed in writing to the Fund); and (iii) do not contravene, or constitute a breach of or default under any provision
    of applicable law or governmental rule, regulation or policy statement or of its certificate of incorporation or other comparable
    organisational documents or any agreement, judgment, injunction, order, decree or other instrument binding upon it; and (c)
    this Subscription Agreement constitutes a valid and binding agreement of the Subscriber and is enforceable against the Subscriber
    in accordance with its terms.
	 	 
	6.2	If
    the Subscriber is acting as trustee, agent, representative or nominee for another person or entity (a Beneficial Owner):
    The Subscriber understands and acknowledges that the representations, warranties and agreements made in this Subscription
    Agreement are made by the Subscriber: (i) with respect to the Subscriber; and (ii) with respect to the Beneficial Owner. The
    Subscriber represents and warrants that it has all requisite power and authority from the Beneficial Owner to execute and
    perform the obligations under this Subscription Agreement. The Subscriber agrees to indemnify the Fund from and against any
    and all costs, fees and expenses (including legal fees and disbursements) in connection with any damages resulting from any
    misrepresentation or misstatement by the Subscriber contained in this Subscription Agreement, or the improper assertion of
    the Subscriber’s proper authorisation from the Beneficial Owner to enter into this Subscription Agreement or perform
    its obligations.

 

    	 	20	 

    	 	 	 

    

 

	6.3	If
    the Subscriber is an individual: The Subscriber represents and warrants that: (a) this Subscription Agreement constitutes
    a valid and binding agreement of the Subscriber and is enforceable against the Subscriber in accordance with its terms; and
    (b) the Subscriber has legal competence and capacity to execute the Subscription Agreement.
	 	 
	7	General
	 	 
	7.1	In
    this Subscription Agreement:

 

	 	(a)	a
    reference to a statute includes references to that statute as amended or re- enacted and to other statutes that modify its
    application as well as references to any subordinate legislation made or to be made under that statute;
	 	 	 
	 	(b)	unless
    otherwise defined, capitalised terms have the meanings given to them in the Memorandum;
	 	 	 
	 	(c)	headings
    are included for convenience only and shall not affect the interpretation of this Subscription Agreement;
	 	 	 
	 	(d)	the
    singular includes the plural and vice versa;
	 	 	 
	 	(e)	any
    gender includes the other genders;
	 	 	 
	 	(f)	any
    phrase introduced by the terms “including”, “include”, “in particular” or any similar
    expression shall be construed as illustrative and shall not limit the sense of the words preceding those terms;
	 	 	 
	 	(g)	references
    to any, document or agreement are to be construed as references to such document or agreement as is in force for the time
    being and as amended, varied, supplemented, substituted or novated from time to time;
	 	 	 
	 	(h)	a
    person includes all legal persons and natural persons and a legal person includes all forms of corporate entity and any other
    person having capacity to act in its own name created by or in accordance with the laws or regulations of any jurisdiction;
    and
	 	 	 
	 	(i)	any
    reference to a Clause or a Schedule is, unless the context otherwise requires, a reference to a clause of, or a schedule to,
    this Agreement.

 

	7.2	The
    Schedules to this Subscription Agreement form part of the Subscription Agreement.

 

    	 	21	 

    	 	 	 

    

 

	7.3	If
    the Subscriber comprises more than one person, all representations, warranties, acknowledgements, undertakings and agreements
    by the Subscriber binds those persons jointly and each of them individually, and all benefits in favour of the Subscriber
    benefits those persons jointly and each of them individually.
	 	 
	7.4	This
    Subscription Agreement is binding on the Subscriber and its successors and permitted assigns and enures for the benefit of
    the successors and assigns of the Fund.
	 	 
	7.5	This
    Subscription Agreement survives the acceptance of the subscription.
	 	 
	7.6	This
    Subscription Agreement may not be assigned in whole or in part by the Subscriber without the consent of the Directors.
	 	 
	7.7	If
    a provision of this Subscription Agreement is invalid or unenforceable under any applicable law, it is inoperable to that
    extent and its invalidity or inoperability does not affect any other provision of this Subscription Agreement.
	 	 
	7.8	The
    Subscriber acknowledges and agrees that any notations, alterations, strike-outs, addenda, inserts or verbiage purporting to
    amend the terms of this Subscription Agreement shall not be effective unless explicitly agreed to by the Fund or its agents.
    Absent explicit agreement, the issuance of a trade confirmation or contract note shall not be construed as the Fund’s
    acceptance or agreement to any such purported amendments.
	 	 
	8	Rights
    of Third Parties.
	 	 
	8.1	A
    person who is not a party to this Subscription Agreement has no right under the Contracts (Rights of Third Parties) Law (Revised)
    (the Third Party Rights Law) to enforce directly any term of this Subscription Agreement save that, the Indemnified
    Party and the TIEO Indemnified Party may enforce directly their rights pursuant to clause 5 of this Subscription Agreement
    subject to and in accordance with the provisions of the Third Party Rights Law. Notwithstanding any other term of this Subscription
    Agreement, the consent of any person who is not a party to this Subscription Agreement (including, without limitation, the
    Indemnified Party) is not required for any termination, rescission or agreement to any variation, waiver, assignment, novation,
    release or settlement under this Agreement at any time.
	 	 
	9	Governing
    law and jurisdiction
	 	 
	9.1	This
    Subscription Agreement shall be governed by, and shall be construed in accordance with, the laws of the Cayman Islands. Each
    party irrevocably agrees to submit to the non- exclusive jurisdiction of the courts of the Cayman Islands in respect of any
    claim or matter arising under or in connection with this Subscription Agreement.

 

    	 	22	 

    	 	 	 

    

 

SCHEDULE
1

 

CAYMAN
ISLANDS TAX INFORMATION AUTHORITY SELF-CERTIFICATIONS

 

Individual
Self-Certification

 

Instructions
for completion

 

We
are obliged under the Tax Information Authority Law, the Regulations, and Guidance Notes made pursuant to that Law, and treaties
and intergovernmental agreements entered into by the Cayman Islands in relation to the automatic exchange of information for tax
matters (collectively “AEOI”), to collect certain information about each account holder’s tax status. Please
complete the sections below as directed and provide any additional information that is requested. Please note that we may be obliged
to share this information with relevant tax authorities. Terms referenced in this Form shall have the same meaning as applicable
under the relevant Cayman Islands Regulations, Guidance Notes or international agreements.

 

If
any of the information below regarding your tax residence or AEOI classification changes in the future, please ensure you advise
us of these changes promptly. If you have any questions about how to complete this Form, please contact your tax adviser.

 

Please
note that where there are joint account holders each investor is required to complete a separate Self-Certification form.

 

Section
1: Account Holder Identification

 

	 	 	/          /	 	 
	Account
    Holder Name	 	Date
    of Birth (dd/mm/yyyy)	 	Place
    and Country of Birth

 

Permanent
Residence Address:

 

	 	 	 	 	 
	Number
    & Street	 	 	 	City/Town
	 	 	 	 	 
	 	 	 	 	 
	State/Province/County	 	Post
    Code	 	Country

 

Mailing
address (if different from above):

 

	 	 	 	 	 
	Number
    & Street	 	 	 	City/Town
	 	 	 	 	 
	 	 	 	 	 
	State/Province/County	 	Post
    Code	 	Country

 

Section
2: Declaration of U.S. Citizenship or U.S. Residence for Tax purposes

 

Please
tick either (a) or (b) or (c) and complete as appropriate.

 

(a)
[  ] I confirm that I am a U.S. citizen and/or resident in the U.S. for tax purposes (green card holder or resident
under the substantial presence test) and my U.S. federal taxpayer identifying number (U.S. TIN) is as follows:

 

 

(b)
[  ] I confirm that I was born in the U.S. (or a U.S. territory) but am no longer a U.S. citizen as I have voluntarily
surrendered my citizenship as evidenced by the attached documents.

 

(c)
[  ] I confirm that I am not a U.S. citizen or resident in the U.S. for tax purposes.

 

Complete
section 3 if you have non-U.S. tax residences.

 

    	 	23	 

    	 	 	 

    

 

Section
3: Declaration of Tax Residency (other than U.S.)

 

I
hereby confirm that I am, for tax purposes, resident in the following countries (indicate the tax reference number type and number
applicable in each country).

 

	Country/countries
    of tax residency	 	Tax
    reference number type	 	Tax
    reference number
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

Please
indicate not applicable if jurisdiction does not issue or you are unable to procure a tax reference number or functional equivalent.
If applicable, please specify the reason for non-availability of a tax reference number:

 

 

 

Section
4: Declaration and Undertakings

 

I
declare that the information provided in this form is, to the best of my knowledge and belief, accurate and complete. I undertake
to advise the recipient promptly and provide an updated Self-Certification form within 30 days where any change in circumstances
occurs which causes any of the information contained in this form to be inaccurate or incomplete. Where legally obliged to do
so, I hereby consent to the recipient sharing this information with the relevant tax information authorities.

 

I
acknowledge that it is an offence to make a self-certification that is false in a material particular.

 

	Signature:	 	 	 
	Date
    (dd/mm/yyyy):	 	/           /	 

 

    	 	24	 

    	 	 	 

    

 

 

Entity
Self-Certification

 

Instructions
for completion

 

We
are obliged under the Tax Information Authority Law, the Regulations, and Guidance Notes made pursuant to that Law, and treaties
and intergovernmental agreements entered into by the Cayman Islands in relation to the automatic exchange of information for tax
matters (collectively “AEOI”), to collect certain information about each account holder’s tax status. Please
complete the sections below as directed and provide any additional information that is requested. Please note that we may be obliged
to share this information with relevant tax authorities. Terms referenced in this Form shall have the same meaning as applicable
under the relevant Cayman Islands Regulations, Guidance Notes or international agreements.

 

If
any of the information below regarding your tax residence or AEOI classification changes in the future, please ensure you advise
us of these changes promptly. If you have any questions about how to complete this Form, please refer
to accompanying guidelines
for completion or contact your
tax adviser.

 

PART
I: General

 

Section
1: Account Holder Identification

 

	GREENPRO
    RESOURCES LIMITED	 	BRITISH
    VIRGIN ISLANDS
	Legal
    Name of Entity/Branch	 	Country
    of incorporation/organisation

 

Current
Residence or Registered Address:

 

	        OMC
    CHAMBERS, WICKHAMS CAY 1, ROAD TOWN, TORTOLA,
	Number
    & Street	 	 	 	City/Town

        BRITISH
        VIRGIN ISLANDS

	 	 	 	 	 
	State/Province/County	 	Post
    Code	 	Country

 

Mailing
address (if different from above):

 

	        ROOM
    1701-03, THE METROPOLIS TOWER, 10 METROPOLIS DRIVE,
	Number
        & Street

        HUNG
        HOM
	 	 	 	City/Town

        HONG
        KONG

	 	 	 	 	 
	State/Province/County	 	Post
    Code	 	Country

 

    	 	25	 

    	 	 	 

    

 

PART
II: US IGA

 

Section
2: U.S. Persons

 

Please
tick and complete as appropriate.

 

	 	(d)	[  ]	The entity is a Specified U.S. Person and the entity’s U.S. federal taxpayer identifying number (U.S. TIN) is as follows:
	 	 	 	 
	 	 	 	 	 

 

	 	(e)	[  ]	The
    entity is a U.S. Person that is not a Specified U.S. Person. 

 

	 	Indicate
    exemption3	 

 

If
the entity is not a U.S. person, please complete Section 3.

 

Section
3: US FATCA Classification for all Non United States Entities

 

Please
complete this section if the entity is not a U.S. Person

 

	3.1	If
    the entity is a Registered Foreign Financial Institution, please tick one of the below categories, and provide
    the entity’s FATCA GIIN at 3.1.1.

 

	 	(a)	[  ]	Reporting
    Model 1 FFI
	 	(b)	[  ]	Registered
    Deemed Compliant Foreign Financial Institution (other than a reporting Model 1 FFI, sponsored FFI, or non-reporting IGA FFI)
	 	(c)	[  ]	Reporting
    Model 2 FFI
	 	(d)	[  ]	Participating
    Foreign Financial Institution

 

	 	3.1.1	Please
    provide your Global Intermediary Identification number (GIIN):	 
	 	 	 	(if
    registration in progress indicate so)

 

	3.2	If
    the entity is a Financial Institution but unable to provide a GIIN or has a Sponsored Entity GIIN, please complete
    one of the below categories:

 

	 	(a)	[  ]	The
    Entity is a Sponsored Financial Institution (sponsored by another entity that has registered as a Sponsoring Entity) and (select
    one):
	 	 	 	 
	 	 	i.	[  ]	has
    no US reportable accounts, is a Sponsored FI in a Model 1 IGA jurisdiction and therefore not required to obtain a Sponsored
    Entity GIIN. Please provide the Sponsoring Entity’s name and GIIN.

 

	 	Sponsoring
    Entity’s Name:	 
	 	 	 
	 	Sponsoring
    Entity’s GIIN:	 

 

Cont..

 

 

	3	Under
    the US IGA and in the U.S. Internal Revenue Code, Specified US Person does not include: An organization exempt from tax under
    section 501(a) or any individual retirement plan as defined in section 7701(a)(37); The United States or any of its agencies
    or instrumentalities; A state, the District of Columbia, a possession of the United States, or any of their political subdivisions,
    or instrumentalities; A corporation the stock of which is regularly traded on one or more established securities markets,
    as described in Reg. section 1.1472-1(c)(1)(i); A corporation that is a member of the same expanded affiliated group as a
    corporation described in Reg. section 1.1472-1(c)(1)(i); A dealer in securities, commodities, or derivative financial instruments
    (including notional principal contracts, futures, forwards, and options) that is registered as such under the laws of the
    United States or any state; A real estate investment trust; A regulated investment
    company as defined in section 851 or an entity registered at all times during the tax year under the Investment Company Act
    of 1940; A common trust fund as defined in section 584(a); A bank as defined in section 581; A broker; A trust exempt from
    tax under section 664 or described in section 4947; or A tax-exempt trust under a section 403(b) plan or section 457(g)
    plan.

 

    	 	26	 

    	 	 	 

    

 

	 	ii.	[  ]	its
    Sponsor has obtained a Sponsored Entity GIIN on its behalf.
	 	 	 	Please
    provide the Sponsoring Entity’s name and GIIN, and Sponsored Entity’s GIIN.

 

	 	Sponsoring
    Entity’s Name:	 
	 	 	 
	 	Sponsoring
    Entity’s GIIN:	 
	 	 	 
	 	Sponsored
    Entity’s GIIN:	 

 

	 	(b)	[  ]	The
    Entity is a Trustee Documented Trust. Please provide the Trustee’s name and GIIN.

 

	 	Trustee’s
    Name:	 
	 	 	 
	 	Trustee’s
    GIIN:	 

 

 

	 	(c)	[  ]	The
    Entity is a Certified Deemed Compliant, or otherwise Non-Reporting, Foreign Financial Institution (including a Foreign Financial
    Institution deemed compliant under Annex II of an IGA, except for a Trustee Documented Trust or Sponsored Financial Institution).
	 	 	 	 	 
	 	 	 	Indicate
    exemption:	 
	 	 	 	 	 
	 	(d)	[  ]	The
    Entity is a Non-Participating Foreign Financial Institution

 

	3.3	If
    the entity is not a Foreign Financial Institution, please confirm the Entity’s FATCA status below:

 

	 	(a)	[  ]	The
    Entity is an Exempt Beneficial Owner.4
	 	 	 	 	 
	 	 	 	Indicate
    status:	 
	 	 	 	 	 
	 	(b)	[  ]	The Entity is an Active Non-Financial Foreign Entity.5 Indicate qualifying criteria (see Exhibit A):
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	(c)	[  ]	The Entity is a Direct Reporting NFFE. 6 Please provide the Entity’s GIIN. 
	 	 	 	 	 
	 	 	 	Direct
    Reporting NFFE’s GIIN:	 
	 	 	 	 	 
	 	(d)	[  ]	The Entity is a Sponsored Direct Reporting NFFE. 7 Please provide the Sponsoring Entity’s name and GIIN.
	 	 	 	 	 
	 	 	 	Sponsoring
    Entity’s Name:	 
	 	 	 	 	 
	 	 	 	Sponsoring
    Entity’s GIIN:	 
	 	 	 	 	 
	 	 	 	Sponsored
    Entity’s GIIN:	 

 

	 	(e)	[X]	The
    Entity is a Passive Non-Financial Foreign Entity.8

 

 

	4
    	“Exempt
    Beneficial Owner” means any of the entities listed as such in Annex II.I of the US IGA or Section 1.1471-6 or 1.1471-6T
    of the U.S. Treasury Regulations. See additional notes in Exhibit A
	5	See
    definition of Active Non-Financial Foreign Entity in Exhibit A
	6	See
    US Treasury FATCA Regulations, 26 CFR 1.1472-1(c)(3)
	7	See
    US Treasury FATCA Regulations, 26 CFR 1.1472-1(c)(5)
	8	See
    definition of Passive Non-Financial Foreign Entity in Exhibit A

 

    	 	27	 

    	 	 	 

    

 

If
you have ticked 3.3(e) Passive Non-Financial Foreign Entity, please complete either i. OR ii. below

 

	 	i.	Indicate the full name, address, and tax reference type and number of any Substantial U.S. Owners.
	 	 	 
	 	 	If
    the Entity has chosen to use the definition of ‘Substantial U.S. Owner’ from the U.S. Treasury Regulations in
    lieu of the definition of ‘Controlling Person’ as permitted under Article 4(7) of the Agreement between the Government
    of the Cayman Islands and the Government of the United States of America to Improve International Tax Compliance and to Implement
    FATCA, please complete the table below providing details of any Substantial U.S. Owners.9
	 	 	 
	 	 	Note:
    The decision to utilize the definition of ‘Substantial U.S. Owner’ in lieu of Controlling Person is only permitted
    with respect to PART II: US IGA.

 

	 	Full
    Name	 	Full
    residence address	 	Tax
    reference type and number
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 

 

OR

 

	 	ii.	Alternatively,
    if you wish to use the Controlling Person definition as per the CRS definition in Exhibit B then please complete the following:
	 	 	 
	 	 	Please
    indicate the name of any Controlling Person(s)10:

 

	 	Full
    Name of any Controlling Person(s)
	 	LOKE
    CHE CHAN GILBERT
	 	LEE
    CHONG KUANG

 

Please
complete Part IV below providing further details of any ultimate Controlling Persons who are natural persons

 

 

	9	See
    definition of Substantial U.S. Owner(s) in Exhibit A.
	10	See
    definition of Controlling Person(s) in Exhibit A.

 

    	 	28	 

    	 	 	 

    

 

PART
III: Common Reporting Standard

 

Section
4: Declaration of All Tax Residency [repeat any residences indicated in Part II, Section 2 (US)]

 

Please
indicate the Entity’s place of tax residence (if resident in more than one jurisdiction please detail all jurisdictions
and associated tax reference number type and number).

 

For
the purposes of the Common Reporting Standard (CRS), all matters in connection with residence are determined in accordance with
the CRS and its Commentaries.

 

If
an entity has no residence for tax purposes please indicate the jurisdiction in which its place of effective management is situated.
Please indicate not applicable if jurisdiction does not issue or you are unable to procure a tax reference number or functional
equivalent, and indicate the reason below.

 

	Jurisdiction(s)
    of tax residency	 	Tax
    reference number type	 	Tax
    reference number (e.g. TIN)
	BRITISH
    VIRGIN ISLANDS	 	N/A	 	N/A
	 	 	 	 	 
	 	 	 	 	 

 

If
applicable, please specify the reason for non-availability of a tax reference number:

 

THE
COUNTRY WHERE I AM LIABLE TO PAY TAX DOES NOT ISSUE TINs TO ITS RESIDENTS.

 

    	 	29	 

    	 	 	 

    

 

Section
5: CRS Classification

 

Provide
your CRS classification by checking the corresponding box(es). Note that CRS classification does not necessarily coincide with
your classification for US FATCA purposes.

 

	5.1	[  ] 	If
    the entity is a Financial Institution11, please tick this box and specify the type of Financial Institution
    in (a), (b),
    or (c) below12:

 

	 	(a)	[  ]	Reporting
    Financial Institution under CRS. (Please note this classification only applies to a Financial Institution in a CRS Participating
    Jurisdiction. If the entity is a Financial Institution in a Non-Participating Jurisdiction13 under CRS, proceed
    to 5.1 (c)).

 

OR

 

	 	(b)	[  ]	Non-Reporting
    Financial Institution under CRS. (Please note this classification only applies to a Financial Institution in a CRS Participating
    Jurisdiction. If the entity is a Financial Institution in a Non-Participating Jurisdiction under CRS, proceed to 5.1 (c)).
    Specify the type of Non-Reporting Financial Institution below:

 

	 	[  ]	Governmental
    Entity
	 	 	 
	 	[  ]	International
    Organization Central Bank
	 	 	 
	 	[  ]	Broad
    Participation Retirement Fund 
	 	 	 
	 	[  ]	Narrow
    Participation Retirement Fund
	 	 	 
	 	[  ]	Pension
    Fund of a Governmental Entity, International Organization, or Central Bank 
	 	 	 
	 	[  ]	Exempt
    Collective Investment Vehicle
	 	 	 
	 	[  ]	Trust
    whose trustee reports all required information with respect to all CRS Reportable Accounts 
	 	 	 
	 	[  ]	Qualified
    Credit Card Issuer
	 	 	 
	 	[  ]	Other
    Entity defined under the domestic law as low risk of being used to evade tax. 

 

	 	Specify
    the type provided in the domestic law:	 

 

OR

 

 

	11	See
    definition of Financial Institution in Exhibit B.
	12	Where
    the entity is resident in a Participating Jurisdiction, use the terms as defined under the CRS regime in that Jurisdiction.
    Where the entity is resident in a Non-Participating Jurisdiction, definitions under the Cayman Islands CRS regime must be
    used.
	13	See
    definition of Non-Participating Jurisdiction in Exhibit B.

 

    	 	30	 

    	 	 	 

    

 

	 	(c)	[  ]	Financial
    Institution resident in a Non-Participating Jurisdiction under CRS. Specify the type of Financial Institution below:

 

	 	(a)	[  ]	Investment
    Entity managed by another Financial Institution14 where a controlling ownership interest is held (directly or indirectly)
    by a company listed on a stock exchange and subject to disclosure requirements or is a majority owned subsidiary of such a
    company.
	 	 	 	 
	 	(b)	[  ]	Investment
    Entity managed by another Financial Institution (other than i. above) 

 

Note:
If you are either:

 

	 	(a)	[  ]	a
    widely-held, regulated Collective Investment Vehicle (CIV) established as a trust; OR
	 	(b)	[  ]	a
    pension fund established as a trust,

 

	 	you
    may apply the Controlling Persons test of a legal person as per the Controlling Person definition in Exhibit B, and
    where simplified due diligence procedures are permitted to be applied by the Financial Institution under the applicable AML
    regime 15 in relation to the Account Holder and its Controlling Persons, no further information is required.
	 	 
	 	If
    you have ticked the box for 5.1(c) ii, and neither of the exemptions under (a) and (b) above applies, please indicate the
    name of the Controlling Person(s) in the table below.

 

	 	Full
        Name of any Controlling Person(s).

        Please
        see definition in Exhibit B.

        (This
        table must not be left blank unless exemption (a) or (b) above applies)

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 

 

Please
also complete Part IV below providing further details of any ultimate Controlling Person(s) who are natural person(s).

 

	 	(c)	 	Other
    Investment Entity (other than i. or ii. above); OR
	 	 	 	 
	 	(d)	 	Other
    Financial Institution, including a Depository Institution, Custodial Institution, or Specified Insurance Company.

 

 

	14	The
    managing Financial Institution must be a Financial Institution other than an Investment Entity type b) defined within the
    definition of a Financial Institution in Exhibit B.
	15	Please
    contact the Financial Institution to confirm whether simplified due diligence procedures under the Cayman Islands AML regime
    may apply to you as an Account Holder (e.g. by being a regulated pension fund in an approved jurisdiction).

 

    	 	31	 

    	 	 	 

    

 

	5.2	[  ]	If
    the entity is an Active Non-Financial Entity (“NFE”) please tick this box and specify the type of Active
    NFE below:

 

	 	(a)	[  ]	Corporation
    that is regularly traded or a related entity of a regularly traded corporation.
	 	 	 	 
	 	 	 	Provide
    the name of the stock exchange where traded: __________________________________
	 	 	 	 
	 	 	 	If
    you are a related entity of a regularly traded corporation, provide the name of the regularly traded corporation:
	 	 	 	 
	 	 	 	 
	 	(b)	[  ]	Governmental
    Entity, International Organization, a Central Bank, or an Entity wholly owned by one or more of the foregoing; OR
	 	 	 	 
	 	(c)	[  ]	Other
    Active Non-Financial Entity.16 Indicate qualifying criteria (see Exhibit B):
	 	 	 	 

 

	5.3	[X]	If
    the entity is a Passive Non-Financial Entity please tick this box.17

 

If
you have ticked this box please indicate the name of the Controlling Person(s). Please refer to the definition of Controlling
Person in Exhibit B.

 

	 	Full
    Name of any Controlling Person(s)	(must
    not be left blank)
	 	LOKE
    CHE CHAN GILBERT	 
	 	LEE
    CHONG KUANG	 

 

Please
complete Part IV below providing further details of any ultimate Controlling Person(s) who are natural person(s).

 

Entity
Declaration and Undertakings

 

I/We
declare (as an authorised signatory of the Entity) that the information provided in this form is, to the best of my/our knowledge
and belief, accurate and complete. I/We undertake to advise the recipient promptly and provide an updated Self- Certification
form within 30 days where any change in circumstances occurs, which causes any of the information contained in this form to be
inaccurate or incomplete. Where legally obliged to do so, I/we hereby consent to the recipient sharing this information with the
relevant tax information authorities.

 

I/we
acknowledge that it is an offence to make a self-certification that is false in a material particular.

 

	Authorised
    Signature:	 	 	Authorised
    Signature:	 
	 	LOKE
    CHE CHAN GILBERT	 	 	LEE
    CHONG KUANG
	Position/Title:
    DIRECTOR	 	 	Position/Title:
    : DIRECTOR	 
	 	 	 	 	 
	Date
    (dd/mm/yyyy):	11/02/2021	 	Date
    (dd/mm/yyyy):	11/02/2021

 

 

	16	See
    definition of Active Non-Financial Entity in Exhibit B.
	17	Please
    see the definition of Passive Non-Financial Entity in Exhibit B.

 

    	 	32	 

    	 	 	 

    

 

PART
IV: Controlling Persons

 

(please
complete for each Controlling Person who is a natural person)

 

Section
6 – Identification of a Controlling Person

 

	6.1	Name
    of Controlling Person:

 

	 	Family
    Name or Surname(s):	LOKE
	 	First
    or Given Name:	CHE
    CHAN GILBERT
	 	Middle
    Name(s):	 

 

	6.2	Current
    Residence Address:

 

	 	Line
    1 (e.g. House/Apt/Suite Name, Number, Street)	FLAT/ROOM
    A, 7/F LECHLER COURT,
	 	Line
    2 (e.g. Town/City/Province/County/State)	97
    HIGH STREET, SAI YING PUN
	 	Country:	HONG
    HONG
	 	Postal
    Code/ZIP Code:	 

 

	6.3	Mailing
    Address: (please complete if different from 6.2)

 

	 	Line
    1 (e.g. House/Apt/Suite Name, Number, Street)	ROOM
    1701-03, THE METROPOLIS TOWER,
	 	Line
    2 (e.g. Town/City/Province/County/State)	10
    METROPOLIS DRIVE, HUNG HOM,
	 	Country:	HONG
    HONG
	 	Postal
    Code/ZIP Code:	 

 

	6.4	Date
    of birth18 (dd/mm/yyyy)	28
    / 03 / 1955

 

	6.5	Place
    of birth19

 

	 	Town
    or City of Birth	SELANGOR
	 	Country
    of Birth	MALAYSIA

 

	6.6	Please
    enter the legal name of the relevant entity Account Holder(s) of which you are a Controlling Person

 

	 	Legal
    name of Entity 1	GREENPRO
    RESOURCES LIMITED
	 	Legal
    name of Entity 2	 
	 	Legal
    name of Entity 3	 

 

 

	18
    	The
    Controlling Person’s date of birth is not required to be collected if the Controlling Person is not a Reportable Jurisdiction
    Person
	19
    	The
    Controlling Person’s place of birth is not required to be collected if the Controlling Person is not a Reportable Jurisdiction
    Person

 

    	 	33	 

    	 	 	 

    

 

Section
7 – Jurisdiction of Residence for Tax Purposes and related Taxpayer Reference Number or functional equivalent (“TIN”)

 

Please
complete the following table indicating:

 

	(i)	where
    the Controlling Person is tax resident;
	(ii)	the
    Controlling Person’s TIN for each jurisdiction indicated;20 and,
	(iii)	if
    the Controlling Person is a tax resident in a jurisdiction that is a Reportable Jurisdiction(s) then please also complete
    Section 10 “Type of Controlling Person”.

 

If
the Controlling Person is tax resident in more than three jurisdictions please use a separate sheet

 

	 	Jurisdiction(s)
    of tax residency	 	Tax
    reference number type	 	Tax
    reference number (e.g. TIN)
	1	HONG
    KONG	 	TIN	 	844
    001 6115
	2	 	 	 	 	 
	3	 	 	 	 	 

 

If
applicable, please specify the reason for non-availability of a tax reference number:

 

 

	20	The
    Controlling Person’s TIN is not required to be collected if the Controlling Person is not a Reportable Jurisdiction
    Person.

 

    	 	34	 

    	 	 	 

    

 

Section
8 – Type of Controlling Person

 

(Please
only complete this section if you are tax resident in one or more Reportable Jurisdictions)

 

	Please
    provide the Controlling Person’s Status by ticking the appropriate box.	 	Entity
    1	 	Entity
    2	 	Entity
    3
	a.	Controlling
    Person of a legal person – control by ownership	 	[X]	 	[  ]	 	[  ]
	b.	Controlling
    Person of a legal person – control by other means	 	[  ]	 	[  ]	 	[  ]
	c.	Controlling
    Person of a legal person – senior managing official	 	[X]	 	[  ]	 	[  ]
	d.	Controlling
    Person of a trust – settlor	 	[  ]	 	[  ]	 	[  ]
	e.	Controlling
    Person of a trust – trustee	 	[  ]	 	[  ]	 	[  ]
	f.	Controlling
    Person of a trust – protector	 	[  ]	 	[  ]	 	[  ]
	g.	Controlling
    Person of a trust – beneficiary	 	[  ]	 	[  ]	 	[  ]
	h.	Controlling
    Person of a trust – other	 	[  ]	 	[  ]	 	[  ]
	i.	Controlling
    Person of a legal arrangement (non-trust) – settlor-equivalent	 	[  ]	 	[  ]	 	[  ]
	j.	Controlling
    Person of a legal arrangement (non-trust) – trustee-equivalent	 	[  ]	 	[  ]	 	[  ]
	k.	Controlling
    Person of a legal arrangement (non-trust) – protector- equivalent	 	[  ]	 	[  ]	 	[  ]
	l.	Controlling
    Person of a legal arrangement (non-trust) – beneficiary- equivalent	 	[  ]	 	[  ]	 	[  ]
	m.	Controlling
    Person of a legal arrangement (non-trust) – other-equivalent	 	[  ]	 	[  ]	 	[  ]

 

    	 	35	 

    	 	 	 

    

 

Controlling
Person Declaration and Undertakings

 

	●	I
    acknowledge that the information contained in this form and information regarding the Controlling Person(s) and any Reportable
    Account(s) may be reported to the tax authorities of the jurisdiction in which this account(s) is/are maintained and exchanged
    with tax authorities of another jurisdiction(s) in which [I/the Controlling Person] may be tax resident pursuant to international
    agreements to exchange financial account information.
	 	 
	●	I
    certify that either (a) I am the Controlling Person, or am authorised to sign
    for the Controlling Person, of all the account(s) held by the entity Account Holder to which this form relates; or (b) I am
    authorised by the Account Holder to make this declaration.
	 	 
	●	I
    declare that all statements made in this declaration are, to the best of my knowledge and belief, correct and complete.
	 	 
	●	I
    acknowledge that it is an offence to make a self-certification that is false in a material particular.
	 	 
	●	I
    undertake to advise the recipient within 30 days of any change in circumstances which affects the tax residency status of
    the individual identified in Part IV of this form or causes the information contained herein to become incorrect, and to provide
    the recipient with a suitably updated self-certification and Declaration within 30 days of such change in circumstances.

 

	Signature:	 
	 	 
	Print
    name:	LOKE
    CHE CHAN GILBERT
	 	 
	Date
    (dd/mm/yyyy):	11/02/2021

 

Note:
If you are not the Controlling Person, and not authorised to sign the Declaration on behalf of the Account Holder, please indicate
the capacity in which you are signing the form on behalf of the Controlling Person. If signing under a power of attorney or other
equivalent written authorisation,
on behalf of the Controlling
Person, please also attach a certified copy of the power of attorney or written authorisation.

 

	Capacity:	 ___________________________

 

    	 	36	 

    	 	 	 

    

 

EXHIBIT
A

 

US
IGA DEFINITIONS

 

Account
Holder means the person listed or identified as the holder of a Financial Account by the Financial Institution that maintains
the account. A person, other than a Financial Institution, holding a Financial Account for the benefit or account of another person
as agent, custodian, nominee, signatory, investment adviser, or intermediary, is not treated as holding the account for the purposes
of this Agreement, and such other person is treated as holding the account. For purposes of the immediately preceding sentence,
the term “Financial Institution” does not include a Financial Institution organized or incorporated in a U.S. Territory.
In the case of a Cash Value Insurance Contract or an Annuity Contract, the Account Holder is any person entitled to access the
Cash Value or change the beneficiary of the contract. If no person can access the Cash Value or change the beneficiary, the Account
Holder is any person named as the owner in the contract and any person with a vested entitlement to payment under the terms of
the contract. Upon the maturity of a Cash Value Insurance Contract or an Annuity Contract, each person entitled to receive a payment
under the contract is treated as an Account Holder.

 

Active
Non-Financial Foreign Entity means any NFFE which is a Non U.S. entity that meets any of the following criteria:

 

	(a)	Less
    than 50 percent of the NFFE’s gross income for the preceding calendar year or other appropriate reporting period is
    passive income and less than 50 percent of the assets held by the NFFE during the preceding calendar year or other appropriate
    reporting period are assets that produce or are held for the production of passive income;
	 	 
	(b)	The
    stock of the NFFE is regularly traded on an established securities market or the NFFE is a Related Entity of an Entity the
    stock of which is traded on an established securities market;
	 	 
	(c)	The
    NFFE is organized in a U.S. Territory and all of the owners of the payee are bona fide residents of that U.S. Territory;
	 	 
	(d)	The
    NFFE is a non-U.S. government, a government of a U.S. Territory, an international organization, a non-U.S. central bank of
    issue, or an Entity wholly owned by one or more of the foregoing;
	 	 
	(e)	substantially
    all of the activities of the NFFE consist of holding (in whole or in part) the outstanding stock of, and providing financing
    and services to, one or more subsidiaries that engage in trades or businesses other than the business of a Financial Institution,
    except that an NFFE shall not qualify for this status if the NFFE functions (or holds itself out) as an investment fund, such
    as a private equity fund, venture capital fund, leveraged buyout fund or any investment vehicle whose purpose is to acquire
    or fund companies and then hold interests in those companies as capital assets for investment purposes;
	 	 
	(f)	The
    NFFE is not yet operating a business and has no prior operating history, but is investing capital into assets with the intent
    to operate a business other than that of a Financial Institution; provided, that the NFFE shall not qualify for this exception
    after the date that is 24 months after the date of the initial organization of the NFFE;
	 	 
	(g)	The
    NFFE was not a Financial Institution in the past five years, and is in the process of liquidating its assets or is reorganizing
    with the intent to continue or recommence operations in a business other than that of a Financial Institution;
	 	 
	(h)	The
    NFFE primarily engages in financing and hedging transactions with or for Related Entities that are not Financial Institutions,
    and does not provide financing or hedging services to any Entity that is not a Related Entity, provided that the group of
    any such Related Entities is primarily engaged in a business other than that of a Financial Institution; or
	 	 
	(i)	The
    NFFE is an “excepted NFFE” as described in relevant U.S. Treasury Regulations; or
	 	 
	(j)	The
    NFFE meets all of the following requirements:

 

	 	i)	It
    is established and maintained in its country of residence exclusively for religious, charitable, scientific, artistic, cultural,
    athletic or educational purposes; or it is established and operated in its jurisdiction of residence and it is a professional
    organization, business league, chamber of commerce, labour organization, agricultural or horticultural organization, civic
    league or an organization operated exclusively for the promotion of social welfare;
	 	 	 
	 	ii)	It
    is exempt from income tax in its country of residence;
	 	 	 
	 	iii)	It
    has no shareholders or members who have a proprietary or beneficial interest in its income or assets;
	 	 	 
	 	iv)	The
    applicable laws of the Entity’s country of residence or the Entity’s formation documents do not permit any income
    or assets of the Entity to be distributed to, or applied for the benefit of, a private person or non- charitable Entity other
    than pursuant to the conduct of the Entity’s charitable activities, or as payment of reasonable compensation for services
    rendered, or as payment representing the fair market value of property which the Entity has purchased; and
	 	 	 
	 	v)	The
    applicable laws of the Entity’s country of residence or the Entity’s formation documents require that, upon the
    Entity’s liquidation or dissolution, all of its assets be distributed to a governmental entity or other non-profit organization,
    or escheat to the government of the Entity’s jurisdiction of residence or any political subdivision thereof.

 

    	 	37	 

    	 	 	 

    

 

Code
means the U.S Internal Revenue Code of 1986, as amended.

 

Controlling
Person means the natural persons who exercise direct or indirect control over an entity. In the case of a trust, such
term means the settlor, the trustees, the protector (if any), the beneficiaries or class of beneficiaries, and any other natural
person exercising ultimate effective control over the trust, and in the case of a legal arrangement other than a trust, such term
means persons in equivalent or similar positions. The term ‘Controlling Persons’ shall be interpreted in a manner
consistent with the Financial Action Task Force Recommendations (“FATF”).

 

FATF
Recommendations on Controlling Persons:

 

Identify
the beneficial owners of the customer and take reasonable measures to verify the identity of such persons, through the following
information. For legal persons21:

 

	(a)	The
    identity of the natural persons (if any – as ownership interests can be so diversified that there are no natural persons
    (whether acting alone or together) exercising control of the legal person or arrangement through ownership) who ultimately
    have a controlling ownership interest22 in a legal person; and
	 	 
	(b)	to
    the extent that there is doubt under (a) as to whether the person(s) with the controlling ownership interest are the beneficial
    owner(s) or where no natural person exerts control through ownership interests, the identity of the natural persons (if any)
    exercising control of the legal person or arrangement through other means.
	 	 
	(c)	Where
    no natural person is identified under (a) or (b) above, financial institutions should identify and take reasonable measures
    to verify the identity of the relevant natural person who holds the position of senior managing official.

 

Entity
means a legal person or a legal arrangement such as a trust.

 

Exempt
Beneficial Owners under the US IGA include Government entities, International Organisations, Central Bank, Broad Participation
Retirement Funds, Narrow Participation Retirement Funds, Pension Funds of an Exempt Beneficial Owner, and Investment Entities
wholly owned by Exempt Beneficial Owners. Please refer to the IGA for detailed definitions.

 

Financial
Institution means a Custodial Institution, a Depository Institution, an Investment Entity, or a Specified Insurance Company,
where:

 

	(a)	Custodial
    Institution means any entity that holds, as a substantial portion of its business, financial assets for the account of
    others. An entity holds financial assets for the account of others as a substantial portion of its business if the entity’s
    gross income attributable to the holding of financial assets and related financial services equals or exceeds 20 percent of
    the Entity’s gross income during the shorter of: (i) the three-year period that ends on 31 December (or the final day
    of a non-calendar year accounting period) prior to the year in which the determination is being made; or
	 	(ii)
    the period during which the entity has been in existence;
	 	 
	(b)	Depository
    Institution means any entity that accepts deposits in the ordinary course of a banking or similar business;
	 	 
	(c)	Investment
    Entity means any entity that conducts as a business (or is managed by an entity that conducts as a business) one or more
    of the following activities or operations for or on behalf of a customer: (1) trading in money market instruments (cheques,
    bills, certificates of deposit, derivatives, etc.); foreign exchange; exchange, interest rate and index instruments; transferable
    securities; or commodity futures trading; (2) individual and collective portfolio management; or (3) otherwise investing,
    administering, or managing funds or money on behalf of other persons. The term Investment entity shall be interpreted in a
    manner consistent with similar language set forth in the definition of “financial institution” in the Financial
    Action Task Force Recommendations; and
	 	 
	(d)	Specified
    Insurance Company means any entity that is an insurance company (or the holding company of an insurance company) that
    issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

 

NFFE
means any Non-U.S. Entity that is not a Financial Institution as defined in US FATCA.

 

Non-U.S.
Entity means an Entity that is not a U.S. Person.

 

Passive
Non-Financial Foreign Entity means any NFFE that is not an Active Non-Financial Foreign Entity.

 

 

	21	Measures
    (a) to (b) are not alternative options, but are cascading measures, with each to be used where the previous measure has been
    applied and has not identified a beneficial owner.
	22	A
    controlling ownership interest depends on the ownership structure of the company. It may be based on a threshold, e.g. any
    person owning more than a certain percentage of the company (e.g. 25%).

 

    	 	38	 

    	 	 	 

    

 

Related
Entity An entity is a Related Entity of another entity if either entity controls the other entity, or the two entities
are under common control. For this purpose control includes direct or indirect ownership of more than 50 percent of the vote or
value in an entity. Notwithstanding the foregoing, either Party may treat an entity as not a related entity if the two entities
are not members of the same affiliated group, as defined in Section 1471(e)(2) of the Code.

 

Specified
U.S. Person means a U.S. Person other than:

 

	(a)	a
    corporation the stock of which is regularly traded on established securities markets;
	 	 
	(b)	any
    corporation that is a member of the same expanded affiliated group;
	 	 
	(c)	the
    United States or any wholly owned agency or instrumentality thereof;
	 	 
	(d)	any
    State of the United States, any U.S. Territory, any political subdivision or wholly owned agency or instrumentality of any
    one or more of the foregoing;
	 	 
	(e)	any
    organization exempt from taxation under section 501 (a) of the Internal Revenue Code (the “Code”) or certain individual
    retirement plans defined in section 7701(a)(37) of the Code ;
	 	 
	(f)	any
    bank as defined in section 581 of the Code;
	 	 
	(g)	any
    real estate investment trust as defined in section 856 of the Code;
	 	 
	(h)	any
    regulated investment company defined in section 851 of the Code or any entity registered with the U.S. Securities and Exchange
    Commission under the Investment Company Act of 1940;
	 	 
	(i)	any
    common trust fund as defined in section 584(a) of the Code;
	 	 
	(j)	any
    trust that is exempt from tax under section 664(c) of the Code or that is described in 4947(a)(1) of the Code;
	 	 
	(k)	a
    dealer in securities, commodities, or derivative financial instruments that is registered as such under the laws of the United
    States or any State;
	 	 
	(l)	a
    broker as defined in section 6045(c) of the Code; or
	 	 
	(m)	any
    tax-exempt trust under a plan that is described in section 403(b) or section 457(g) of the Code

 

Substantial
U.S. Owner (as defined in Regulations section 1.1473-1(b)) means generally:

 

	(a)	With
    respect to any foreign corporation, any Specified U.S. Person that owns, directly or indirectly, more than 10 percent of the
    stock of such corporation (by vote or value);
	 	 
	(b)	With
    respect to any foreign partnership, any Specified U.S. Person that owns, directly or indirectly, more than 10 percent of the
    profits interests or capital interests in such partnership; and
	 	 
	(c)	In
    the case of a trust–

 

	 	i.	Any
    Specified U.S. Person treated as an owner of any portion of the trust under sections 671 through 679 of the IRC; and
	 	ii.	Any
    Specified U.S. Person that holds, directly or indirectly, more than 10 percent of the beneficial interests of the trust.

 

U.S.
Person means a U.S. citizen or resident individual, a partnership or corporation organized in the United States or under
the laws of the United States or any State thereof, a trust if (i) a court within the United States would have authority under
applicable law to render orders or judgments concerning substantially all issues regarding administration of the trust, and (ii)
one or more U.S. persons have the authority to control all substantial decisions of the trust, or an estate of a decedent that
is a citizen or resident of the United States. Refer to the U.S. Internal Revenue Code for further interpretation.

 

    	 	39	 

    	 	 	 

    

 

EXHIBIT
B 

 

CRS
DEFINITIONS

 

Account
Holder means the person listed or identified as the holder of a Financial Account by the Financial Institution that maintains
the account. A person, other than a Financial Institution, holding a Financial Account for the benefit or account of another person
as agent, custodian, nominee, signatory, investment adviser, or intermediary, is not treated as holding the account for the purposes
of the Common Reporting Standard, and such other person is treated as holding the account. In the case of a Cash Value Insurance
Contract or an Annuity Contract, the Account Holder is any person entitled to access the Cash Value or change the beneficiary
of the contract. If no person can access the Cash Value or change the beneficiary, the Account Holder is any person named as the
owner in the contract and any person with a vested entitlement to payment under the terms of the contract. Upon the maturity of
a Cash Value Insurance Contract or an Annuity Contract, each person entitled to receive a payment under the contract is treated
as an Account Holder.

 

Active
Non-Financial Entity means any NFE that meets any of the following criteria:

 

	a)	less
    than 50% of the NFE’s gross income for the preceding calendar year or other appropriate reporting period is passive
    income and less than 50% of the assets held by the NFE during the preceding calendar year or other appropriate reporting period
    are assets that produce or are held for the production of passive income;
	 	 
	b)	the
    stock of the NFE is regularly traded on an established securities market or the NFE is a Related Entity of an Entity the stock
    of which is regularly traded on an established securities market;
	 	 
	c)	the
    NFE is a Governmental Entity, an International Organisation, a Central Bank, or an Entity wholly owned by one or more of the
    foregoing;
	 	 
	d)	substantially
    all of the activities of the NFE consist of holding (in whole or in part) the outstanding stock of, or providing financing
    and services to, one or more subsidiaries that engage in trades or businesses other than the business of a Financial Institution,
    except that an Entity does not qualify for this status if the Entity functions (or holds itself out) as an investment fund,
    such as a private equity fund, venture capital fund, leveraged buyout fund, or any investment vehicle whose purpose is to
    acquire or fund companies and then hold interests in those companies as capital assets for investment purposes;
	 	 
	e)	the
    NFE is not yet operating a business and has no prior operating history, but is investing capital into assets with the intent
    to operate a business other than that of a Financial Institution, provided that the NFE does not qualify for this exception
    after the date that is 24 months after the date of the initial organisation of the NFE;
	 	 
	f)	the
    NFE was not a Financial Institution in the past five years, and is in the process of liquidating its assets or is reorganising
    with the intent to continue or recommence operations in a business other than that of a Financial Institution;
	 	 
	g)	the
    NFE primarily engages in financing and hedging transactions with, or for, Related Entities that are not Financial Institutions,
    and does not provide financing or hedging services to any Entity that is not a Related Entity, provided that the group of
    any such Related Entities is primarily engaged in a business other than that of a Financial Institution; or
	 	 
	h)	the
    NFE meets all of the following requirements:

 

	 	i)	it
    is established and operated in its jurisdiction of residence exclusively for religious, charitable, scientific, artistic,
    cultural, athletic, or educational purposes; or it is established and operated in its jurisdiction of residence and it is
    a professional organisation, business league, chamber of commerce, labour organisation, agricultural or horticultural organisation,
    civic league or an organisation operated exclusively for the promotion of social welfare;
	 	 	 
	 	ii)	it
    is exempt from income tax in its jurisdiction of residence;
	 	 	 
	 	iii)	it
    has no shareholders or members who have a proprietary or beneficial interest in its income or assets;
	 	 	 
	 	iv)	the
    applicable laws of the NFE’s jurisdiction of residence or the NFE’s formation documents do not permit any income
    or assets of the NFE to be distributed to, or applied for the benefit of, a private person or non- charitable Entity other
    than pursuant to the conduct of the NFE’s charitable activities, or as payment of reasonable compensation for services
    rendered, or as payment representing the fair market value of property which the NFE has purchased; and
	 	 	 
	 	v)	the
    applicable laws of the NFE’s jurisdiction of residence or the NFE’s formation documents require that, upon the
    NFE’s liquidation or dissolution, all of its assets be distributed to a Governmental Entity or other non-profit organisation,
    or escheat to the government of the NFE’s jurisdiction of residence or any political subdivision thereof.

 

    	 	40	 

    	 	 	 

    

 

Controlling
Person means the natural persons who exercise direct or indirect control over an entity.

 

In
the case of a trust, such term means the settlor(s), the trustees(s), the protector(s) (if any), the beneficiary(ies) or class(es)
of beneficiaries, and any other natural person(s) exercising ultimate effective control over the trust, and in the case of a legal
arrangement other than a trust, such term means persons in equivalent or similar positions. The term ‘Controlling Persons’
shall be interpreted in a manner consistent with the Financial Action Task Force Recommendations (“FATF”).

 

FATF
Recommendations on Controlling Persons:

 

Identify
the beneficial owners of the customer and take reasonable measures to verify the identity of such persons, through the following
information. For legal persons23:

 

	(a)	The
    identity of the natural persons (if any – as ownership interests can be so diversified that there are no natural persons
    (whether acting alone or together) exercising control of the legal person or arrangement through ownership) who ultimately
    have a controlling ownership interest24 in a legal person; and
	 	 
	(b)	to
    the extent that there is doubt under (a) as to whether the person(s) with the controlling ownership interest are the beneficial
    owner(s) or where no natural person exerts control through ownership interests, the identity of the natural persons (if any)
    exercising control of the legal person or arrangement through other means.
	 	 
	(c)	Where
    no natural person is identified under (a) or (b) above, financial institutions should identify and take reasonable measures
    to verify the identity of the relevant natural person who holds the position of senior managing official.

 

Financial
Institution means a Custodial Institution, a Depository Institution, an Investment Entity, or a Specified Insurance Company,
where:

 

	(a)	Custodial
    Institution means any entity that holds, as a substantial portion of its business, financial assets for the account
    of others. An entity holds financial assets for the account of others as a substantial portion of its business if the entity’s
    gross income attributable to the holding of financial assets and related financial services equals or exceeds 20 percent of
    the Entity’s gross income during the shorter of: (i) the three-year period that ends on 31 December (or the final day
    of a non-calendar year accounting period) prior to the year in which the determination is being made; or (ii) the period during
    which the entity has been in existence;
	 	 
	(b)	Depository
    Institution means any entity that accepts deposits in the ordinary course of a banking or similar business;
	 	 
	(c)	Investment
    Entity means any entity :

 

	 	(A)	that
    primarily conducts as a business one or more of the following activities or operations for or on behalf of a customer:

 

	 	i)	trading
    in money market instruments (cheques, bills, certificates of deposit, derivatives, etc.); foreign exchange; exchange, interest
    rate and index instruments; transferable securities; or commodity futures trading;
	 	ii)	individual
    and collective portfolio management; or
	 	iii)	otherwise
    investing, administering, or managing Financial Assets or money on behalf of other persons; or

 

	 	(B)	the
    gross income of which is primarily attributable to investing, reinvesting, or trading in Financial Assets, if the entity is
    managed by another entity that is a Depository Institution, a Custodial Institution, a Specified Insurance Company, or an
    Investment Entity described in limb (A) of this definition.

 

An
entity is treated as primarily conducting as a business one or more of the activities described in limb (A), or an entity’s
gross income is primarily attributable to investing, reinvesting, or trading in Financial Assets for purposes of limb (B) if the
entity’s gross income attributable to the relevant activities equals or exceeds 50% of the entity’s gross income during
the shorter of: (i) the three-year period ending on 31 December of the year preceding the year in which the determination is made;
or (ii) the period during which the entity has been in existence. The term “Investment Entity” does not include an
entity that is an Active Non-Financial Foreign Entity because it meets any of the criteria in subparagraphs d) through (g) of
the definition of Active NFE.

 

The
preceding paragraph shall be interpreted in a manner consistent with similar language set forth in the definition of “financial
institution” in the Financial Action Task Force Recommendations; and

 

 

	23
    	Measures
    (a) to (b) are not alternative options, but are cascading measures, with each to be used where the previous measure has been
    applied and has not identified a beneficial owner.
	24
    	A
    controlling ownership interest depends on the ownership structure of the company. The threshold in respect of a legal person
    is direct or indirect ownership or control of 10% or more of the shares or voting rights in the legal person, being the threshold
    specified by the Anti-Money Laundering Regulations, 2017 which implement the FATF Recommendations in the Cayman Islands.

 

    	 	41	 

    	 	 	 

    

 

	(d)	Specified
    Insurance Company means any entity that is an insurance company (or the holding company of an insurance company) that
    issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

 

Non-Financial
Entity or NFE means any Entity that is not a Financial Institution.

 

Non-Participating
Jurisdiction means a jurisdiction that is not a Participating Jurisdiction.

 

Non-Reporting
Financial Institution means any Financial Institution that is:

 

	(a)	a
    Governmental Entity, International Organisation or Central Bank, other than with respect to a payment that is derived from
    an obligation held in connection with a commercial financial activity of a type engaged in by a Specified Insurance Company,
    Custodial Institution, or Depository Institution;
	 	 
	(b)	a
    Broad Participation Retirement Fund; a Narrow Participation Retirement Fund; a Pension Fund of a Governmental Entity, International
    Organisation or Central Bank; or a Qualified Credit Card Issuer;
	 	 
	(c)	any
    other Entity that presents a low risk of being used to evade tax, has substantially similar characteristics to any of the
    Entities described in subparagraphs B(1)(a) and (b), and is defined in domestic law as a Non-Reporting Financial Institution,
    provided that the status of such Entity as a Non-Reporting Financial Institution does not frustrate the purposes of the Common
    Reporting Standard;
	 	 
	(d)	an
    Exempt Collective Investment Vehicle; or
	 	 
	(e)	a
    trust to the extent that the trustee of the trust is a Reporting Financial Institution and reports all information required
    to be reported pursuant to Section I with respect to all Reportable Accounts of the trust.

 

Participating
Jurisdiction means a jurisdiction (i) with which an agreement is in place pursuant to which it will provide the information
specified in Section I (of the CRS), and (ii) which is identified in a published list.

 

Participating
Jurisdiction Financial Institution means (i) any Financial Institution that is resident in a Participating Jurisdiction,
but excludes any branch of that Financial Institution that is located outside such Participating Jurisdiction, and (ii) any branch
of a Financial Institution that is not resident in a Participating Jurisdiction, if that branch is located in such Participating
Jurisdiction.

 

Passive
Non-Financial Entity means any: (i) Non-Financial Entity that is not an Active Non-Financial Entity; or (ii) an Investment
Entity described in limb B (or subparagraph A(6)(b) of the Standard) of the definition of Investment Entity that is not a Participating
Jurisdiction Financial Institution.

 

Related
Entity means an entity related to another entity because (i) either entity controls the other entity; (ii) the two entities
are under common control; or (iii) the two entities are Investment Entities described limb B of the definition of Investment Entity,
are under common management, and such management fulfils the due diligence obligations of such Investment Entities. For this purpose
control includes direct or indirect ownership of more than 50 % of the vote and value in an Entity.

 

    	 	42	 

    	 	 	 

    

 

SCHEDULE
2

 

Privacy
Notice for Data Protection Law

 

The
Fund

Collectively
(“we”, “us”, “our”)

 

The
Cayman Islands Data Protection Law, 2017 (“DPL”), effective 30 September 2019, governs the use of Personal
Data by Cayman Islands entities. We recognize the importance of protecting the privacy of subscribers and investors in the Fund
(“Investors”) and hereby accordingly, in accordance with the DPL, set out our privacy policy in relation to
Personal Data in this Privacy Notice. Any terminology and capitalised terms used in this Notice bear the meanings as prescribed
in the DPL unless the context requires otherwise.

 

DATA
CONTROLLER

 

The
Fund is the Data Controller for the purposes of your application to subscribe for an interest in the Fund. Hence, the Fund is
responsible for ensuring that it uses your personal data in compliance with the DPL. The Fund, as Data Controller, has appointed
the Administrator and the Manager as Data Processors. The Fund may be contacted via email by contacting the Administrator.

 

TYPES
OF PERSONAL DATA

 

The
Fund, the Administrator, and the Manager may Process the following types of Personal Data:

 

	 	(a)	Personal
    Data provided by you to the Fund including: your name, address, contact information, birthdate, gender, nationality, photograph,
    signature, occupational history, job title, income, assets, other financial information, bank details, investment history,
    tax residency, and tax identification information.
	 	 	 
	 	(b)	Personal
    Data collected or generated by the Fund including: information related to your emails (and related data), correspondence,
    call recordings, and website usage data.
	 	 	 
	 	(c)	Personal
    Data obtained by the Fund from other sources, including: know your client (Know Your Client) (“KYC”) /
    client due diligence procedures (anti-money laundering (“AML”), counter-terrorist financing, proliferation
    financing, sanctions, politically exposed persons), tax purposes (US Foreign Account Tax Compliance Act (“FATCA”),
    OECD Common Reporting Standard (“CRS”)), future regulatory, securities and tax requirements, information
    from public websites, public sources of information, and information received from your advisers or intermediaries.

 

LAWFUL
PURPOSES AND PROCESSING PRINCIPLES

 

Lawful
Purposes

 

Personal
data provided by you, collected or generated by the Fund, or obtained by the Fund from other sources in relation to your application
to subscribe for interests in the Fund will be held, disclosed, and Processed by the Fund, the Administrator, and the Manager
for the following purposes:

 

	 	(a)	Performance
    of a contract including:

 

	 	(i)	Where
    you submit an application to subscribe for interests in the Fund, your Personal Data will be Processed in accordance with
    our internal investor assessment procedures to determine whether you are a viable Investor and whether your application to
    subscribe for interests in the Fund is acceptable. Such Processing may be undertaken prior to entering into a contract at
    your request;

 

    	 	43	 

    	 	 	 

    

 

	 	(ii)	Where
    the Fund accepts your application to subscribe for interests in the Fund, you pay the full subscription amount to the Fund,
    and you provide to the appropriate parties all required documentation, the Fund shall issue to you interests in the Fund and
    enter your Personal Data into the books of the Fund; Personal Data will be Processed in this regard;
	 	 	 
	 	(iii)	Where
    you are a subscriber in the Fund, Processing your Personal Data is necessary for managing and administering your holdings
    in the Fund and any related account as well as for redemption, withdrawal, conversion or transfer requests, distribution payments,
    and for future subscriptions to the Fund;
	 	 	 
	 	(iv)	Where
    circulating periodic reports in relation to the Fund is required by relevant agreements or regulations.

 

	 	(b)	Compliance
    with a legal obligation including where it is necessary to comply with any applicable current or future legal, regulatory,
    or tax requirements imposed on the Fund, the Fund and/or any third party service provider, prior to your investment in the
    Fund, during your investment in the Fund, or after you have exited any or part of your investment in the Fund, will Process
    your Personal Data in accordance with legal obligations under company law, tax law, AML, and counter-terrorist financing (“CTF”)
    legislation, including, but not limited to:

 

	 	(i)	AML/CTF
    or Ultimate Beneficial Ownership (“UBO”) legislation and regulations may require us to identify prospective,
    existing, or previous investors in the Fund and, as such, certain information will be required at the time of application
    as set out in relevant agreements which will be Processed accordingly; and
	 	 	 
	 	(ii)	FATCA
    / CRS regulations may require the Fund to collect certain information about each prospective, existing, and/or previous investors’
    tax arrangements. For FATCA / CRS reporting purposes, please note that in certain circumstances the Fund may be legally required
    to share such information, and other financial information with respect to an investor’s interests in the Fund with
    relevant tax authorities, and the Fund may be legally restricted from disclosing to you that such Processing is undertaken.

 

	 	(c)	Legitimate
    interests, including:

 

	 	(i)	Carrying
    out the ordinary or reasonable business activities of the Fund, or other activities previously disclosed to the Fund’s
    investors or referred to in this Privacy Notice;
	 	 	 
	 	(ii)	Ensuring
    compliance with all legal and regulatory obligations and industry standards, and preventing fraud;
	 	 	 
	 	(iii)	Disclosing
    information to third parties as provided for in this Privacy Notice;
	 	 	 
	 	(iv)	Recording,
    maintaining, storing, using recording of telephone calls that you make to and receive from the Fund, any third party service
    provider and their delegates or duly appointed agents and any of their respective, related, associated, or affiliated companies
    for Processing and verification of instructions, management, and administration of your account(s), as well as any other matters
    related to investment in the Fund, dispute resolution, record keeping, security, and/or training purposes.

 

You
have the right to object to the Processing of Personal Data where it is for the purposes of legitimate interests. If you object
to such Processing, the Fund will not Process the Personal Data unless the Fund can demonstrate compelling legitimate grounds
for the Processing which override your rights.

 

    	 	44	 

    	 	 	 

    

 

Processing
Principles

 

The
Fund will abide by the following data protection principles when Processing Personal Data:

 

	 	(a)	 	Your
    Personal Data, supplied in the Subscription Agreement and otherwise from time to time provided by you, will be Processed fairly.
	 	 	 	 
	 	(b)	 	Your
    Personal Data will not be further Processed in any manner incompatible with the purpose or purposes for which it was collected
    and Processed.
	 	 	 	 
	 	(c)	 	Your
    Personal Data will be adequate, relevant, and not excessive in relation to the purpose or purposes for which the Fund collects
    or Processes your Personal Data.
	 	 	 	 
	 	(d)	 	Your
    Personal Data will be accurate and, where necessary, kept up to date.
	 	 	 	 
	 	(e)	 	The
    Fund will not keep your Personal Data for longer than is necessary to satisfy the purpose or purposes for which your Personal
    Data was collected or Processed.
	 	 	 	 
	 	(f)	 	The
    Fund will Process your Personal Data in accordance with the rights of Data Subjects under the DPL.
	 	 	 	 
	 	(g)	 	The
    Fund will ensure that appropriate technical and organizational measures are taken to safeguard against unauthorized or unlawful
    Processing of your Personal Data and against accidental loss or destruction of, or damage to, your Personal Data.

 

The
Administrator and the Manager may Process Personal Data and Sensitive Personal Data in accordance with data protection principles
which are viewed as generally similar, but not identical, to the DPL. The Processing of Personal Data and Sensitive Personal Data
by the Administrator and the Manager may differ from the requirements of this Notice, but should provide broadly similar outcomes

 

CONSENT
TO MARKETING

 

Parties
engaged to assist with the operation of the Fund may contact you with information regarding other offered products and services.
Such contact may be by telephone, email, or by other reasonable means of communication.

 

You
can require such parties to stop contacting you with such marketing information by contacting the Fund via the Administrator as
provided above.

 

If
you request not to receive marketing information this will not affect your status as an Investor. Such a request will not affect
the lawfulness of Processing based on consent before its withdrawal.

 

Your
consent is not required to Process your Personal Data for the performance of a contract, compliance with legal obligations, and/or
legitimate interests pursued by the Fund as referenced above.

 

PERSONAL
DATA RECIPIENTS

 

The
Fund may disclose your Personal Data to the following recipients:

 

	 	(a)	 	The
    Fund’s affiliates and third party service providers, including the Administrator and the Manager, who are engaged in
    connection with the investment management, oversight, legal obligations, administration, distribution, or operation of the
    Fund and its assets;
	 	(b)	 	The
    Fund’s professional advisers, auditors, IT, and other service providers; and
	 	(c)	 	Competent
    authorities (including tax authorities), regulators, courts, law enforcement agencies, and other regulatory entities as required
    by applicable law, or as requested by such entities, Fund affiliates, or third party service providers for internal investigation
    and reporting purposes.

 

    	 	45	 

    	 	 	 

    

 

In
relation to any other third parties, we will only disclose your information in the following circumstances:

 

	 	(a)	 	Where
    you have given your consent;
	 	(b)	 	Where
    we are required to do so by law or enforceable request by a regulatory body;
	 	(c)	 	Where
    it is necessary for the purpose of, or in connection with legal proceedings or in order to exercise or defend legal rights;
    or
	 	(d)	 	If
    we transfer management or control of the Fund.

 

INTERNATIONAL
TRANSFERS

 

Personal
Data will be held in, and may be freely transferred between, countries that are located inside the European Union (EU) and third
countries that have adequate protection for your rights in relation to the Processing of your Personal Data, and otherwise where
the transfer is

 

	 	(a)	 	made
    with your consent;
	 	(b)	 	necessary
    for the performance of a contract between the individual and the organization, or for pre-contractual steps taken at the individual’s
    request;
	 	(c)	 	necessary
    for the performance of a contract made in the interests of the individual between the controller and another person;
	 	(d)	 	necessary
    for the establishment, exercise or defence of legal claims;
	 	(e)	 	made
    in regard to public data on a public register, and any conditions subject to which the register is open to inspection are
    complied with;
	 	(f)	 	made
    on terms of a kind approved by the Ombudsman as ensuring adequate safeguards for the individual(s);
	 	(g)	 	authorized
    by the Ombudsman as ensuring adequate safeguards for the individual(s); or,
	 	(h)	 	required
    under international cooperation arrangements between intelligence agencies or regulatory agencies, if permitted or require
    under an enactment or an order issued by the Grand Court of the Cayman Islands.

 

Where
a Personal Data transfer is made to a jurisdiction which provides a level of data protection lower than that prescribed by the
DPL, the Fund will take steps to ensure the security and confidentiality of your Personal Data in accordance with the DPL.

 

PERSONAL
DATA RETENTION

 

How
long the Fund holds your personal data for will vary. The retention period will be determined by various criteria, including the
purposes for which the Fund is using it (as it will need to be kept for as long as is necessary for any of those purposes) and
legal obligations (as laws or regulations may set a minimum period for which the Fund has to keep your personal data).

 

YOUR
RIGHTS UNDER THE DPL

 

Under
the DPL, you have the following rights in relation to how we Process your Personal Data:

 

	 	(a)	 	The
    right to request access – you may obtain confirmation from us as to whether or not your personal data is being Processed
    and, where that is the case, access to your personal data;
	 	 	 	 
	 	(b)	 	The
    right to rectification and erasure – you have the right to obtain rectification of inaccurate personal data we hold
    concerning you and to obtain the erasure of your personal data in certain circumstances;
	 	 	 	 
	 	(c)	 	The
    right to restrict Processing or to object to Processing – you may require us to restrict the Processing we carry out
    on your Personal Data in certain circumstances or to object to us Processing your Personal Data;
	 	 	 	 
	 	(d)	 	The
    right to withdraw consent – where you have provided your consent to us Processing your Personal Data, you have the right
    to withdraw your consent at any time. You may exercise this right by contacting the Fund; and
	 	 	 	 
	 	(e)	 	The
    right to submit a complaint – you may lodge a complaint with the Cayman Islands Ombudsman at info@ombudsman.ky.

 

For
further information regarding your personal data rights, please see the Ombudsman’s website at www.ombudsman.ky.

 

FAILURE
TO PROVIDE PERSONAL DATA

 

Your
personal data is required in order for us to accept your application to subscribe for interests in the Fund, manage and administer
your holdings in the Fund, and enable us to comply with the legal, regulatory, and tax requirements which arise from collecting
fees and making investments as described in the Fund’s offering documents. If you fail to provide the requested personal
data, we will not be able to accept your application to subscribe for interests in the Fund. If we reject your application to
subscribe for interests in the Fund and the required personal data is not provided within the specified timeframe, we may be required
to discontinue our business relationship with you.

 

    	 	46	 

    	 	 	 

    

 

APPENDIX

 

Anti-money
laundering verification requirements

 

Subscribers
are required to provide certain supplemental documentation in connection with this subscription. Please note all documents listed
under the class of applicant are required and must either be originals or certified true copies:

 

	Subscriber

        Category
	 	Requirements
	Individuals	 	1.	Passport
    with photograph, name, date of birth, nationality and bearer’s signature (and name change document if applicable)
	 	 	 	 
	 	 	2.	Residential
    address proof - copy of utility bill or bank statement. Must be less than 3 months old and display full name. P.O. Box mailing
    addresses and office mailing addresses are not acceptable.
	 	 	 	 
	 	 	3.	Information
    on occupation and source of wealth for investment (a statement on the subscription form or a signed letter will satisfy this
    requirement)
	 	 	 	 
	 	 	4.	Payment
    record (e.g. Wire transfer confirmation/acknowledgement/ SWIFT copy) showing wire transfer is remitted from the bank account
    as stated on this subscription form
	 	 	 	 
	Private
                                         Companies

        (Personal
        Investment Companies, Unquoted Companies)
	 	1.	Certificate
    of incorporation or equivalent (and certificate on change of name if applicable)
	 	 	 	 
	 	 	2.
    	Memorandum
    and Articles of Association
	 	 	 	 
	 	 	3.
    	Register
    of directors
	 	 	 	 
	 	 	4.
    	Register
    of members
	 	 	 	 
	 	 	5.
    	Signed
    board resolution authorizing the investment and conferring authority on those giving instructions
	 	 	 	 
	 	 	6.
    	Authorised
    Signatory List with specimen signatures
	 	 	 	 
	 	 	7.
    	Company
    Search (e.g. Search of file at Company Registry) or any other government source showing live status of the company (if applicable),
    or recently audited financial statements
	 	 	 	 
	 	 	8.
    	Documents
    as requested under “Individuals” for the following Individuals:
	 	 	 	 
	 	 	 	●
                                         Each principal beneficial owner (any person holding 10% or more interests or with principal
                                         control over the company’s assets)

        ●
        All the directors (including the Managing/Executive Director)

        ●
        All authorised signatories

	 	 	 	 
	 	 	9.	Confirmation
    that the investment is made for the company’s own account and not on behalf of any other party and the source of funds
    for investment (a statement on the subscription form or a signed letter will satisfy this requirement)
	 	 	 	 
	 	 	10.	Payment
    record (e.g. Wire transfer confirmation/acknowledgement/ SWIFT copy) showing wire transfer is remitted from the bank account
    as stated on this subscription form
	 	 	 	 
	 	 	Note:	Where
    the company has an ownership structure which is made up of several layers, please follow the chain of ownership to provide
    documents for each layer of ownership until the ultimate individuals are identified.

 

Note:

 

A
certifier must be a suitable person, such as a lawyer, accountant, director or manager of a regulated institution or a notary
public located in a FATF country. The certifier should sign the copy document (printing his/her name clearly underneath) and clearly
indicate his/her position or capacity, together with a contact address and phone number. The certifier must indicate that the
document is a true copy of the original and, where applicable, that the photo is a true likeness of the individual.

 

Where
documents are not in English, a notarised translation is required.

 

    	 	47	 

    	 	 	 

    
 

PART
IV: Controlling Persons

 

(please
complete for each Controlling Person who is a natural person)

 

Section
6 – Identification of a Controlling Person

 

	6.1	Name
                                         of Controlling Person:

 

	 	Family
    Name or Surname(s):	LEE
	 	 	 
	 	First
    or Given Name:	CHONG
    KUANG
	 	 	 
	 	Middle
    Name(s):	 

 

	6.2	Current
                                         Residence Address:

 

	Line
    1 (e.g. House/Apt/Suite Name, Number, Street)	D-6-3A
    D’ALAMANDA PUDU,
	 	 
	Line
    2 (e.g. Town/City/Province/County/State)	IMPIAN
    IV NO.2, JLN PUDU ULU,
	 	 
	Country:	KUALA
    LUMPUR, MALAYSIA 56100
	 	 
	Postal
    Code/ZIP Code:	 

 

	6.3	Mailing
                                         Address: (please complete if different from 6.2)

 

	 	Line
    1 (e.g. House/Apt/Suite Name, Number, Street)	ROOM
    1701-03, THE METROPOLIS TOWER,
	 	 	 
	 	Line
    2 (e.g. Town/City/Province/County/State)	10
    METROPOLIS DRIVE, HUNG HOM,
	 	 	 
	 	Country:	HONG
    HONG
	 	 	 
	 	Postal
    Code/ZIP Code:	 

 

	6.4	Date
    of birth18 (dd/mm/yyyy)	02
    / 09 / 1973

 

	6.5	Place
                                         of birth19

 

	 	Town
    or City of Birth	TEMPERLOH,
    PAHANG
	 	 	 
	 	Country
    of Birth	MALAYSIA

 

	6.6	Please
                                         enter the legal name of the relevant entity Account Holder(s) of which you are
                                         a Controlling Person

 

	 	Legal
    name of Entity 1	GREENPRO
    RESOURCES LIMITED
	 	Legal
    name of Entity 2	 
	 	Legal
    name of Entity 3	 

 

 

 

	18	The
    Controlling Person’s date of birth is not required to be collected if the Controlling Person is not a Reportable Jurisdiction
    Person
	 	 
	19	The
    Controlling Person’s place of birth is not required to be collected if the Controlling Person is not a Reportable Jurisdiction
    Person

 

    	 	48	 

    	 	 	 

    

 

 

Section
7 – Jurisdiction of Residence for Tax Purposes and related Taxpayer Reference Number or functional equivalent (“TIN”)

 

Please
complete the following table indicating:

 

	(i)	where
    the Controlling Person is tax resident;
	 	 
	(ii)	the
    Controlling Person’s TIN for each jurisdiction indicated;20 and,
	 	 
	(iii)	if
    the Controlling Person is a tax resident in a jurisdiction that is a Reportable Jurisdiction(s) then please also complete
    Section 10 “Type of Controlling Person”.

 

If
the Controlling Person is tax resident in more than three jurisdictions please use a separate sheet

 

	 	Jurisdiction(s)
    of tax residency	 	Tax
    reference number type	 	Tax
    reference number (e.g. TIN)
	1	HONG
    KONG	 	TIN	 	R586710(9)
	2	 	 	 	 	 
	3	 	 	 	 	 

 

If
applicable, please specify the reason for non-availability of a tax reference number:

 

 

 

	20	The
    Controlling Person’s TIN is not required to be collected if the Controlling Person is not a Reportable Jurisdiction
    Person.

 

    	 	49	 

    	 	 	 

    

 

Section
8 – Type of Controlling Person

 

(Please
only complete this section if you are tax resident in one or more Reportable Jurisdictions)

 

	Please
    provide the Controlling Person's Status by ticking the appropriate box.	 	Entity
    1	 	Entity
    2	 	Entity
    3
	a.	Controlling
    Person of a legal person – control by ownership	 	[X]	 	[  ]	 	[  ]
	b.	Controlling
    Person of a legal person – control by other means	 	[  ]	 	[  ]	 	[  ]
	c.	Controlling
    Person of a legal person – senior managing official	 	[X]	 	[  ]	 	[  ]
	d.	Controlling
    Person of a trust – settlor	 	[  ]	 	[  ]	 	[  ]
	e.	Controlling
    Person of a trust – trustee	 	[  ]	 	[  ]	 	[  ]
	f.	Controlling
    Person of a trust – protector	 	[  ]	 	[  ]	 	[  ]
	g.	Controlling
    Person of a trust – beneficiary	 	[  ]	 	[  ]	 	[  ]
	h.	Controlling
    Person of a trust – other	 	[  ]	 	[  ]	 	[  ]
	i.	Controlling
    Person of a legal arrangement (non-trust) – settlor-equivalent	 	[  ]	 	[  ]	 	[  ]
	j.	Controlling
    Person of a legal arrangement (non-trust) – trustee-equivalent	 	[  ]	 	[  ]	 	[  ]
	k.	Controlling
    Person of a legal arrangement (non-trust) – protector- equivalent	 	[  ]	 	[  ]	 	[  ]
	l.	Controlling
    Person of a legal arrangement (non-trust) – beneficiary- equivalent	 	[  ]	 	[  ]	 	[  ]
	m.	Controlling
    Person of a legal arrangement (non-trust) – other-equivalent	 	[  ]	 	[  ]	 	[  ]

 

    	 	50	 

    	 	 	 

    

 

Controlling
Person Declaration and Undertakings

 

	●	I
    acknowledge that the information contained in this form and information regarding the Controlling Person(s) and any Reportable
    Account(s) may be reported to the tax authorities of the jurisdiction in which this account(s) is/are maintained and exchanged
    with tax authorities of another jurisdiction(s) in which [I/the Controlling Person] may be tax resident pursuant to international
    agreements to exchange financial account information.
	 	 
	●	I
    certify that either (a) I am the Controlling Person, or am authorised to sign for the Controlling Person, of all the account(s)
    held by the entity Account Holder to which this form relates; or (b) I am authorised by the Account Holder to make this declaration.
	 	 
	●	I
    declare that all statements made in this declaration are, to the best of my knowledge and belief, correct and complete.
	 	 
	●	I
    acknowledge that it is an offence to make a self-certification that is false in a material particular.
	 	 
	●	I
    undertake to advise the recipient within 30 days of any change in circumstances which affects the tax residency status of
    the individual identified in Part IV of this form or causes the information contained herein to become incorrect, and to provide
    the recipient with a suitably updated self-certification and Declaration within 30 days of such change in circumstances.

 

	Signature:	 	 
	 	 	 
	Print
name:
	LEE
    CHONG KUANG	 
	 	 	 
	Date
    (dd/mm/yyyy):	11/02/2021	 

 

Note:
If you are not the Controlling Person, and not authorised to sign the Declaration on behalf of the Account Holder, please indicate
the capacity in which you are signing the form on behalf of the Controlling Person. If signing under a power of attorney or other
equivalent written authorisation, on behalf of the Controlling Person, please also attach a certified copy of the power of attorney
or written authorisation.

 

	Capacity:	______________________________

 

    	 	51EX-4.4

 Exhibit 4.4 

WARRANT AGREEMENT 
 between 

GORES HOLDINGS VIII, INC. 
 and

 COMPUTERSHARE INC. 

COMPUTERSHARE TRUST COMPANY, N.A. 
 THIS WARRANT
AGREEMENT (this “Agreement”), dated as of [•], 2021, is by and between Gores Holdings VIII, Inc., a Delaware corporation (the “Company”), Computershare Inc., a Delaware
corporation and Computershare Trust Company, N.A., federally chartered trust company, collectively, as warrant agent (the “Warrant Agent”, also referred to herein as the “Transfer
Agent”). 
 WHEREAS, on [●], 2021, the Company entered into that certain Sponsor Warrants Purchase Agreement with Gores Sponsor VIII LLC,
a Delaware limited liability company (the “Sponsor”), pursuant to which the Sponsor will purchase an aggregate of 2,666,666 warrants (or up to 2,966,666 warrants 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 bearing the legend set forth in Exhibit B hereto (the “Private Placement
Warrants”) at a purchase price of $3.00 per Private Placement Warrant; and 
 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-eighth
of one Public Warrant (as defined below) (the “Units”) and, in connection therewith, has determined to issue and deliver up to 4,312,500 warrants (including up to 562,500 warrants subject to the Over-allotment
Option) to public investors in the Offering (the “Public Warrants” and, together with the Private Placement 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 share, subject to adjustment as described herein; and 

WHEREAS, the Company has filed with the Securities and Exchange Commission (the “Commission”) the registration statement
on Form S-1, No. 333-[●] (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 Common Stock included in the Units; and 

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; and 
 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, 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 express terms and conditions set forth in this Agreement (and no implied terms and conditions). 

 2. Warrants. 

2.1 Form of Warrant. Each Warrant shall 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 pursuant to this Agreement, a
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, 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 the written 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 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, Chief Executive Officer, 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 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 Deutsche Bank Securities Inc., but in no event shall
the 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 received by the Company from the exercise by the underwriter of its 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 and files with the
Commission a current report on Form 8-K announcing when such separate trading shall begin. 
 2.5 No Fractional
Warrants Other Than as Part of Units. The Company shall not issue fractional Warrants other than as part of Units, each of which is comprised of one share of Common Stock and one-eighth of one Public
Warrant. If, upon the detachment of Public Warrants from 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 Private Placement Warrants. The Private Placement Warrants shall be identical to the Public
Warrants, except that so long as they are held by the Sponsor or any of its Permitted Transferees (as defined below) the Private Placement Warrants: (i) may be exercised for cash or on a cashless basis, pursuant to subsection 3.3.1(c)
hereof, (ii) may not be transferred, assigned or sold until thirty (30) days after the completion by the Company of an initial Business Combination (as defined below), and (iii) shall not be redeemable by the Company pursuant to
Section 6.1 hereof; provided, however, that in the case of (ii), the Private Placement Warrants and any shares of Common Stock held by the Sponsor or any of its Permitted Transferees and issued upon exercise of the Private Placement
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; 
 (b) in the case of an individual, by gift to a member
of one of the members of the individual’s immediate family or to a trust, the beneficiary of which is a member of one of the individual’s immediate family, an affiliate of such person or to a charitable organization; 

(c) in the case of an individual, by virtue of the 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 initial Business Combination at prices no greater than the
price at which the Warrants were originally purchased; 
 (f) in the event of the Company’s liquidation prior to the completion of the Company’s
initial Business Combination; or 
 (g) by virtue of the laws of Delaware or the Sponsor’s limited liability company agreement upon dissolution of the
Sponsor; or 
 (h) in the event of the Company’s liquidation, merger, capital stock exchange, reorganization 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 Company’s initial Business Combination; 

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. 
 3. Terms and Exercise
of Warrants. 
 3.1 Warrant Price. Each Warrant shall, when countersigned by the Warrant Agent, 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 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 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”) commencing on
the later of: (i) the date that is thirty (30) days after the first date on which the Company completes a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination, involving the
Company and one or more businesses (a “Business Combination”), or (ii) the date that is twelve (12) months from the date of the closing of the Offering, and terminating at 5:00 p.m., New York
City time on the earlier to occur of: (x) the date that is five (5) years after the date on which the Company completes its Business Combination, (y) the liquidation of the Company if the Company fails to complete a Business
Combination, or (z) other than with respect to the Private Placement Warrants then held by the Sponsor or any Permitted Transferees with respect to a redemption pursuant to Section 6.1 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. Except with respect to the right to receive the Redemption Price (as defined below) (other than with respect to a Private Placement
Warrant then held by the Sponsor or any Permitted Transferees with respect to a redemption pursuant to Section 6.1 hereof) in the event of a redemption (as set forth in Section 6 hereof), each 

 Warrant (other than a Private Placement Warrant then held by the Sponsor or any Permitted Transferees with
respect to a redemption pursuant to Section 6.1 hereof) not exercised on or before the Expiration Date shall become 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. The Company shall promptly notify the Warrant Agent in writing of such extension. 

3.3 Exercise of Warrants. 
 3.3.1 Payment. Subject
to the provisions of the Warrant and this Agreement, a Warrant, when countersigned by the Warrant Agent, may be exercised by the Registered Holder thereof by surrendering it, at the office of the Warrant Agent designated for such purposes, or at the
office of its successor as Warrant Agent, with the subscription form, as set forth in the Warrant, duly executed, and by paying in full the Warrant Price for each full 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 Warrant Agent; 

(b) in the event of a redemption pursuant to Section 6 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 quotient obtained by
dividing (x) the product of the number of shares of Common Stock underlying the Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value”, as defined in this subsection 3.3.1(b) by
(y) the Fair Market Value. Solely for purposes of this subsection 3.3.1(b), Section 6.2 and Section 6.4, the “Fair Market Value” shall mean the average last sale price of the
Common Stock for the ten (10) trading days ending on the third trading day prior to 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 Private Placement Warrant, so long as such Private Placement Warrant is held by the Sponsor or a Permitted Transferee, by surrendering
the Warrants for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Warrants, multiplied by the difference between the Warrant Price and the
“Fair Market Value”, as defined in this subsection 3.3.1(c), by (y) the Fair Market Value. Solely for purposes of this subsection 3.3.1(c), the “Fair Market Value” shall mean the average last sale price of the
Common Stock for the ten (10) trading days ending on the third trading day prior to the date on which notice of exercise of the Warrant is sent to the Warrant Agent; or 

(d) as provided in Section 7.4 hereof. 

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 registration statement under the Securities Act with respect to the shares of Common Stock underlying the Public Warrants is then effective and a prospectus relating thereto is current, subject to the
Company’s satisfying its obligations under Section 7.4. 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 Common Stock issuable
upon such Warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the Registered Holder of the Warrants. In the event that the conditions in the two immediately preceding
sentences are not satisfied with respect to a Warrant, the holder of such Warrant shall not be entitled to exercise such Warrant and such Warrant may have no value and expire worthless, in which case the purchaser of a Unit containing such Public
Warrants shall have paid the full purchase price for the Unit solely for the shares of Common Stock underlying such Unit. 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, the Warrant Agent shall not effect the exercise of the holder’s Warrant, and 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 (without further investigation or inquiry), would beneficially own in excess of 9.8% (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 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 the 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 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 Common Stock, in determining the price payable for 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 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 Common Stock in connection with a proposed initial Business Combination, (d) to satisfy
the redemption rights of the holders of Common Stock in connection with a stockholder vote to amend the Company’s amended and restated certificate of incorporation to modify the substance or timing of the Company’s obligation to redeem
100% of Common Stock if the Company does not complete the Business Combination within 24 months from the closing of the Offering, 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 Common Stock during the 365-day
period ending on the date of declaration of such dividend or distribution (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) does not exceed $0.50 (being 5% of the offering price of the Units in the Offering). 

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. Whenever the number of shares of Common Stock purchasable upon the exercise of the Warrants is adjusted, as provided
in subsection 4. 1.1 or Section 4.2 above, 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. 
 4.4 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 subsections 4. 1.1 or 4.1.2 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 consolidation or merger 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 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 consolidation or merger, 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 Common Stock in such consolidation or
merger 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 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 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 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 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 or the rights, duties, obligations or immunities of the Warrant Agent, without the Warrant
Agent’s prior written consent, 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. 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 signature guaranteed by an eligible guarantor institution participating in a signature guarantee program approved by the Securities Transfer Association 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. 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, 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 in the event that a Warrant surrendered for transfer bears a restrictive legend (as in the case of the Private Placement 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 (in manual or facsimile form) 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 for Cash. Subject to Sections 6.5 and 6.6 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 of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 below,
at the price of $0.01 per Warrant (the “Redemption Price”), provided that 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 Business Day prior to the date on which notice of the
redemption is given and provided that 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 for Common Stock. Subject to Sections 6.5 and 6.6 hereof, not less than all of the outstanding
Warrants may be redeemed, at the option of the Company, 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 price equal to 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)) (the “Alternative Redemption Price”), provided (i) that the last 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 Private Placement
Warrants are also concurrently exchanged at the same price (equal to a number of shares of Common Stock) as the outstanding Public Warrants and (iii) there is an effective registration statement covering the 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. 
  

																																					
	 	  	Fair Market Value of Class A Common Stock	 
	Redemption Date (period to expiration of warrants)	  	£$10.00	 	  	$11.00	 	  	$12.00	 	  	$13.00	 	  	$14.00	 	  	$15.00	 	  	$16.00	 	  	$17.00	 	  	3$18.00	 
	 57 months
	  	 	0.257	 	  	 	0.277	 	  	 	0.294	 	  	 	0.31	 	  	 	0.324	 	  	 	0.337	 	  	 	0.348	 	  	 	0.358	 	  	 	0.365	 
	 54 months
	  	 	0.252	 	  	 	0.272	 	  	 	0.291	 	  	 	0.307	 	  	 	0.322	 	  	 	0.335	 	  	 	0.347	 	  	 	0.357	 	  	 	0.365	 
	 51 months
	  	 	0.246	 	  	 	0.268	 	  	 	0.287	 	  	 	0.304	 	  	 	0.32	 	  	 	0.333	 	  	 	0.346	 	  	 	0.357	 	  	 	0.365	 
	 48 months
	  	 	0.241	 	  	 	0.263	 	  	 	0.283	 	  	 	0.301	 	  	 	0.317	 	  	 	0.332	 	  	 	0.344	 	  	 	0.356	 	  	 	0.365	 
	 45 months
	  	 	0.235	 	  	 	0.258	 	  	 	0.279	 	  	 	0.298	 	  	 	0.315	 	  	 	0.33	 	  	 	0.343	 	  	 	0.356	 	  	 	0.365	 
	 42 months
	  	 	0.228	 	  	 	0.252	 	  	 	0.274	 	  	 	0.294	 	  	 	0.312	 	  	 	0.328	 	  	 	0.342	 	  	 	0.355	 	  	 	0.364	 
	 39 months
	  	 	0.221	 	  	 	0.246	 	  	 	0.269	 	  	 	0.29	 	  	 	0.309	 	  	 	0.325	 	  	 	0.34	 	  	 	0.354	 	  	 	0.364	 
	 36 months
	  	 	0.213	 	  	 	0.239	 	  	 	0.263	 	  	 	0.285	 	  	 	0.305	 	  	 	0.323	 	  	 	0.339	 	  	 	0.353	 	  	 	0.364	 
	 33 months
	  	 	0.205	 	  	 	0.232	 	  	 	0.257	 	  	 	0.28	 	  	 	0.301	 	  	 	0.32	 	  	 	0.337	 	  	 	0.352	 	  	 	0.364	 
	 30 months
	  	 	0.196	 	  	 	0.224	 	  	 	0.25	 	  	 	0.274	 	  	 	0.297	 	  	 	0.316	 	  	 	0.335	 	  	 	0.351	 	  	 	0.364	 
	 27 months
	  	 	0.185	 	  	 	0.214	 	  	 	0.242	 	  	 	0.268	 	  	 	0.291	 	  	 	0.313	 	  	 	0.332	 	  	 	0.35	 	  	 	0.364	 
	 24 months
	  	 	0.173	 	  	 	0.204	 	  	 	0.233	 	  	 	0.26	 	  	 	0.285	 	  	 	0.308	 	  	 	0.329	 	  	 	0.348	 	  	 	0.364	 
	 21 months
	  	 	0.161	 	  	 	0.193	 	  	 	0.223	 	  	 	0.252	 	  	 	0.279	 	  	 	0.304	 	  	 	0.326	 	  	 	0.347	 	  	 	0.364	 
	 18 months
	  	 	0.146	 	  	 	0.179	 	  	 	0.211	 	  	 	0.242	 	  	 	0.271	 	  	 	0.298	 	  	 	0.322	 	  	 	0.345	 	  	 	0.363	 
	 15 months
	  	 	0.13	 	  	 	0.164	 	  	 	0.197	 	  	 	0.23	 	  	 	0.262	 	  	 	0.291	 	  	 	0.317	 	  	 	0.342	 	  	 	0.363	 
	 12 months
	  	 	0.111	 	  	 	0.146	 	  	 	0.181	 	  	 	0.216	 	  	 	0.25	 	  	 	0.282	 	  	 	0.312	 	  	 	0.339	 	  	 	0.363	 
	 9 months
	  	 	0.09	 	  	 	0.125	 	  	 	0.162	 	  	 	0.199	 	  	 	0.237	 	  	 	0.272	 	  	 	0.305	 	  	 	0.336	 	  	 	0.362	 
	 6 months
	  	 	0.065	 	  	 	0.099	 	  	 	0.137	 	  	 	0.178	 	  	 	0.219	 	  	 	0.259	 	  	 	0.296	 	  	 	0.331	 	  	 	0.362	 
	 3 months
	  	 	0.034	 	  	 	0.065	 	  	 	0.104	 	  	 	0.15	 	  	 	0.197	 	  	 	0.243	 	  	 	0.286	 	  	 	0.326	 	  	 	0.361	 
	 0 months
	  	 	—  	 	  	 	—  	 	  	 	0.042	 	  	 	0.115	 	  	 	0.179	 	  	 	0.233	 	  	 	0.281	 	  	 	0.323	 	  	 	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 Common Stock to be issued for each Warrant redeemed 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. 

6.3 Date Fixed for, and Notice of, Redemption. In the event that the Company elects to redeem all of the Warrants pursuant to
Section 6.1 or Section 6.2, the Company shall fix a date for the redemption (the “Redemption Date”). In the event that the Company elects to redeem all of the Warrants
pursuant to Section 6.2, the Company shall fix a date for redemption (the “Alternative 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 (the “30-day 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) 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 or the Alternative 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 or the Alterative
Redemption Price, as applicable, the record holder of the Warrants shall have no further rights except to receive, upon surrender of the Warrants, the Redemption Price or the Alterative Redemption Price, as applicable. 

6.5 Exclusion of Private Placement Warrants. The Company agrees that the redemption rights provided in Section 6.1 shall not
apply to the Private Placement Warrants if at the time of the redemption such Private Placement Warrants continue to be held by the Sponsor or its Permitted Transferees. However, once such Private Placement Warrants are transferred (other
than to Permitted Transferees under Section 2.5), the Company may redeem the Private Placement Warrants pursuant to Section 6.1 hereof, provided that the criteria for redemption are met, including
the opportunity of the holder of such Private Placement Warrants to exercise the Private Placement Warrants prior to redemption pursuant to Section 6.4. Private Placement Warrants that are transferred to persons other than
Permitted Transferees shall upon such transfer cease to be Private Placement Warrants and shall become Public Warrants under this Agreement. 
 6.6 Public
Warrants held by the Company’s officers or directors. The Company agrees that if Public Warrants are held by any of the Company’s officers or directors, the Public Warrants held by such officers and directors will be subject to the
redemption rights provided in Section 6.2, except that such officers and directors shall only receive “Fair Market Value” (“Fair Market Value” in this Section 6.6
shall mean the last sale price of the Public Warrants on the Alternative Redemption Date) for such Public Warrants so redeemed. 
 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 satisfactory to each of them 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 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 Common Stock; Cashless Exercise at Company’s Option. 

7.4.1 Registration of the Common Stock. The Company agrees that as soon as practicable, but in no event later than fifteen (15) 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 best 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 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 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 rule) or another exemption) for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Warrants, multiplied
by the difference between the Warrant Price and the “Fair Market Value” (as defined below) by (y) the Fair Market Value. 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 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 satisfactory to the Warrant Agent 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 any doubt, unless and until all of the Warrants have been exercised, 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 the 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 rule), 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 rule) 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 Common Stock issuable upon exercise of the Warrants,
notwithstanding anything in this Agreement to the contrary, and (y) use its best efforts to register the Common Stock issuable upon exercise of the Public Warrant under the blue sky laws of the state of residence of the exercising Public
Warrant holder 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. The
Warrant Agent shall not have any duty or obligation to take any action under any section of this Agreement that requires the payment of taxes and/or charges unless and until it is satisfied that all such payments have been made. 

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 thirty (30) 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 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 the laws of the United States 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 Transfer Agent for the Common Stock not later than the effective date of any such appointment. 

8.2.3 Merger or Consolidation of Warrant Agent. Any corporation or other entity into which the Warrant Agent may be merged or with which it may be
consolidated or any corporation or other 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 in accordance with a fee schedule to be mutually agreed upon and shall, pursuant to its obligations under this
Agreement, reimburse the Warrant Agent upon demand for all of its reasonable expenses and counsel fees and other disbursements incurred in the preparation, delivery, negotiation, amendment, administration and execution of this Agreement and the
exercise and performance 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 Chief Executive Officer, Chief Financial Officer,
Secretary or Chairman of the Board of the Company and delivered to the Warrant Agent. The Warrant Agent may rely upon such statement and shall not be liable for any action taken or suffered in the absence of bad 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 (in each case, as determined by a final, non-appealable judgment of a court of competent jurisdiction). The Company agrees to indemnify the Warrant Agent and save it harmless against any and all losses, liability, damage, judgment, fine,
penalty, claim, demand, settlement, cost or expense, including costs and reasonable counsel fees, for anything done or omitted by the Warrant Agent in the execution, administration and performance of this Agreement, except as a result of the Warrant
Agent’s gross negligence, willful misconduct or bad faith (in each case as determined by a final non-appealable judgment of a court of competent jurisdiction). Notwithstanding anything in this Agreement to the contrary, any liability of the
Warrant Agent under this Agreement will be limited to the amount of annual fees paid by the Company to the Warrant Agent during the twelve (12) months immediately preceding the event for which recovery from the Warrant Agent is being sought.
Anything to the contrary notwithstanding, in no event will the Warrant Agent be liable for special, punitive, indirect, incidental or consequential loss or damages of any kind whatsoever (including, without limitation, lost profits), even if the
Warrant Agent has been advised of the likelihood of such loss or damages, and regardless of the form of action. 
 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 express terms and conditions herein set forth and 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. Other Rights and Duties of the Warrant Agent.

 8.6.1 Legal Counsel. The Warrant Agent may consult with legal counsel selected by it (who may be legal counsel for the Company or
an employee or legal counsel of the Warrant Agent), and the advice or opinion of such counsel shall be full and complete authorization and protection to the Warrant Agent and the Warrant Agent shall incur no liability for or in respect of any action
taken, suffered or omitted to be taken by it and in accordance with such advice or opinion. 
 8.6.2 No Risk of Own Funds. No
provision of this Agreement shall require the Warrant Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise any of its rights or powers if it believes
that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it. 
 8.6.3. No
Interest. The Warrant Agent shall have no responsibility to the Company, any holders of Warrants or any other person for interest or earnings on any moneys held by the Warrant Agent pursuant to this Agreement. 

8.6.4. No Notice. The Warrant Agent shall not be required to take notice or be deemed to have notice of any event or condition
hereunder, including any event or condition that may require action by the Warrant Agent, unless the Warrant Agent shall be specifically notified in writing of such event or condition by the Company, and all notices or other instruments required by
this Agreement to be delivered to the Warrant Agent must, in order to be effective, be received by the Warrant Agent as specified in Section 9.2 hereof, and in the absence of such notice so delivered, the Warrant Agent may
conclusively assume no such event or condition exists. 
 8.6.5. Opinion of Counsel. The Company shall provide an opinion of counsel
reasonably satisfactory to the Warrant Agent prior to the effective date of this Agreement to set up a reserve of Warrants and related shares of Common Stock. The opinion shall state that all Warrants, are (1) registered under the Securities
Act or are exempt from such registration; and (2) validly issued, fully paid and non-assessable. 

8.6.6. Survival. The obligations of the Company and the rights and immunities of the Warrant Agent contained in this Section 8
shall survive the expiration of the Warrants and the termination of this Agreement and the resignation, replacement or removal of the Warrant Agent. 
 8.7
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 the Warrant Agent as trustee thereunder) and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim
against the Trust Account for any reason whatsoever. 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 so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five (5) days after deposit of such notice, postage prepaid, addressed (until another
address is filed in writing by the Company with the Warrant Agent), as follows: 
 Gores Holdings VIII, Inc. 

6260 Lookout Road 
 Boulder, CO 80301 

Attention: Alec Gores 
 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 in writing and so delivered if by hand or overnight delivery or if sent by certified mail or
private courier service within five (5) days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Warrant Agent with the Company), as follows: 

Computershare Inc. 
 Computershare Trust Company, N.A. 

150 Royall Street 
 Canton, MA 02021 

Attention: Client Services 

 9.3 Applicable Law and Exclusive Forum. The validity, interpretation, and performance of this
Agreement and of the Warrants shall be governed in all respects by the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The
Company hereby agrees that any action, proceeding or claim against it arising out of or relating in any way to this Agreement, 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 exclusive. Subject to applicable law, 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 (i) 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 or (ii) any of the types of actions that are required to brought in the Court of Chancery in the State of Delaware pursuant to the Company’s amended
and restated certificate of incorporation (as the same may be further amended or amended and restated from time to time). 
 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 of 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 or corporation 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 designated for such purposes, for inspection by the Registered Holder of any Warrant. The Warrant Agent may require any such holder to submit his Warrant for inspection by it. 

9.6 Counterparts. This Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts shall for all
purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 
 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 curing any ambiguity, or curing, correcting or supplementing any defective provision contained herein or adding or
changing any other provisions with respect to matters or questions arising under this Agreement as the parties may deem necessary or desirable and that the parties deem shall not adversely affect the interest of the Registered Holders. All other
modifications or amendments, including any amendment to increase the Warrant Price or shorten the Exercise Period and any amendment to the terms of only the Private Placement Warrants, shall require the vote or written consent of the Registered
Holders of 50% of the then outstanding Public 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. As a condition precedent to the Warrant Agent’s execution of any amendment, an appropriate officer of the shall deliver a certificate which states that the proposed amendment is in compliance with the
terms of this Section 9.8. No amendment to this Agreement shall be effective unless duly executed by the Warrant Agent. 
 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;
provided, however, that if such excluded provision shall adversely affect the rights, immunities, liabilities, duties or obligations of the Warrant Agent, the Warrant Agent shall be entitled to resign immediately upon written notice to the Company.

 Exhibit A Form of Warrant Certificate 
 Exhibit B Legend
— Private Placement Warrants 

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

			
	GORES HOLDINGS VIII, INC.
		
	By:	 	  

	Name:	 	Andrew McBride
	Title:	 	Chief Financial Officer and Secretary
	
	COMPUTERSHARE INC. COMPUTERSHARE TRUST COMPANY, N.A., AS WARRANT AGENT
		
	By:	 	  

	Name:	 	
	Title:	 	Vice President

 EXHIBIT A 

Form of Warrant Certificate 

[FACE] 
 Number 

Warrants 
 THIS WARRANT
SHALL BE VOID IF NOT EXERCISED PRIOR TO 
 THE EXPIRATION OF THE EXERCISE PERIOD PROVIDED FOR 

IN THE WARRANT AGREEMENT DESCRIBED BELOW 

GORES HOLDINGS VIII, INC. 

Incorporated Under the Laws of the State of Delaware 

CUSIP [•] 
 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 (“Common Stock”), of Gores Holdings VIII, 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 Warrant is initially exercisable for one fully paid and non-assessable share of Common Stock. The number of
shares of Common Stock issuable upon exercise of the Warrants is subject to adjustment upon the occurrence of certain events set forth in the Warrant Agreement. 

The initial Exercise Price per share of Common Stock for any Warrant is equal to $11.50 per share. The Exercise Price is subject to adjustment upon the
occurrence of certain events 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 void. The Warrants may be redeemed, subject to certain conditions, as set forth in the Warrant Agreement. 

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, without regard to conflicts of laws principles thereof. 
  

			
	GORES HOLDINGS VIII, INC.

 
			
		
	By:	 	  

	Name:
	Title:

 
			
	
	 COMPUTERSHARE INC. COMPUTERSHARE TRUST COMPANY, N.A., 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 [●], 2021 (the
“Warrant Agreement”), duly executed and delivered by the Company to Computershare Inc. and Computershare Trust Company, N.A., as warrant agent (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) 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 office of the
Warrant Agent designated for such purposes. 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 office of
the Warrant Agent designated for such purpose 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 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 governmental charge 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 Gores Holdings VIII, 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 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 Private Placement 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 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 _____________________________________. 

[Signature Page Follows] 

			
	Date: , 20	  	  

		  	(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 S.E.C. RULE 17Ad-15 (OR ANY SUCCESSOR RULE)). 

 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 GORES HOLDINGS VIII, INC. (THE
“COMPANY”), GORES SPONSOR VIII, LLC AND THE OTHER PARTIES THERETO, 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 SECTION 3 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 CLASS A 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.” 
 No. Warrants 

  
 B-1

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