Document:

Exhibit 10.4

 

SUBSCRIPTION AGREEMENT 

 

This SUBSCRIPTION AGREEMENT
(this “Subscription Agreement”) is entered into this ___ day of January, 2022, by and among Sports Ventures Acquisition
Corp., a Cayman Islands corporation (the “SPAC” or the “Issuer”) and the undersigned (“Subscriber”
or “you”). Defined terms used but not otherwise defined herein shall have the respective meanings ascribed thereto
in the BCA (as defined below).

 

WHEREAS, the SPAC and the
other parties named therein will on or prior to February 28, 2022 (the “Subscription Outside Date”) enter into that
certain Business Combination Agreement (as amended, modified, supplemented or waived from time to time in accordance with its terms, the
“BCA”), pursuant to which, inter alia, the SPAC and the stockholders of Prime Focus World N.V. (the “Company”)
will enter into a transaction in which the SPAC will acquire from the Company’s stockholders all of the outstanding equity securities
in exchange for shares of the SPAC (together with the other transactions contemplated by the BCA, the “Transactions”);

 

WHEREAS, in connection with
the Transactions, Subscriber desires to subscribe for and purchase from the Issuer that number of shares of the Issuer’s Class A
Ordinary Shares, par value of $0.0001 per share (the “SPAC Shares”) set forth on the signature page hereto (the “Subscribed Shares”)
for a purchase price of $10.00 per share (the “Per Share Price”) and for the aggregate of such Per Share Price for
all Subscribed Shares set forth on Subscriber’s signature page hereto (the “Purchase Price”), and the Issuer
desires to issue and sell to Subscriber the Subscribed Shares in consideration of the payment of the Purchase Price therefor by or on
behalf of Subscriber to the Issuer, all on the terms and subject to the conditions set forth herein; and

 

WHEREAS, certain other “qualified
institutional buyers” (as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”))
or “accredited investors” (within the meaning of Rule 501(a) under the Securities Act) (each, an “Other Subscriber”)
have or may in the future, severally and not jointly, enter into separate subscription agreements with the Issuer (the “Other
Subscription Agreements”), pursuant to which such Other Subscribers have agreed or will agree to purchase SPAC Shares on the
Closing Date (as defined below) at the Per Share Price.

 

NOW, THEREFORE, in consideration
of the foregoing and the mutual representations, warranties and covenants, and subject to the conditions, herein contained, and intending
to be legally bound hereby, the parties hereto hereby agree as follows:

 

For ease of administration,
this single Subscription Agreement is being executed so as to enable each Subscriber identified on the signature page to enter into a
Subscription Agreement, severally, but not jointly. The parties agree that (i) the Subscription Agreement shall be treated as if
it were a separate agreement with respect to each Subscriber listed on the signature page, as if each Subscriber entity had executed a
separate Subscription Agreement naming only itself as Subscriber, and (ii) no Subscriber listed on the signature page shall have
any liability under the Subscription Agreement for the obligations of any other Subscriber so listed.

 

     

     

    

 

1. Subscription.

 

1.1. Subject
to the terms and conditions hereof, at the Closing (as defined below), Subscriber hereby agrees to subscribe for and purchase, and the
Issuer shall agree to issue and sell to Subscriber, upon the payment of the Purchase Price, the Subscribed Shares (such subscription and
issuance, the “Subscription”).

 

1.2. Subscription
Price. The Subscribed Shares shall be purchased at the Purchase Price.

 

2. Representations,
Warranties and Agreements.

 

2.1. Subscriber’s
Representations, Warranties and Agreements. To induce the Issuer to issue the Subscribed Shares, Subscriber hereby represents and
warrants to the Issuer and acknowledges and agrees with the Issuer, as of the date hereof and as of the Closing Date, as follows:

 

2.1.1. If
Subscriber is not an individual, Subscriber has been duly formed or incorporated and is validly existing in good standing under the laws
of its jurisdiction of incorporation or formation, with power and authority to enter into, deliver and perform its obligations under this
Subscription Agreement. If Subscriber is an individual, Subscriber has the authority to enter into, deliver and perform its obligations
under this Subscription Agreement.

 

2.1.2. If
Subscriber is not an individual, this Subscription Agreement has been duly authorized, validly executed and delivered by Subscriber. If
Subscriber is an individual, the signature on this Subscription Agreement is genuine, and Subscriber has legal competence and capacity
to execute the same. Assuming that this Subscription Agreement constitutes the valid and binding agreement of the other parties hereto,
this Subscription Agreement is the valid and binding obligation of Subscriber, is enforceable against Subscriber in accordance with its
terms, except as may be limited or otherwise affected by (i) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium
or other laws relating to or affecting the rights of creditors generally, and (ii) principles of equity, whether considered at law
or equity.

 

2.1.3. The
execution, delivery and performance by Subscriber of this Subscription Agreement and the consummation by Subscriber of the transactions
contemplated herein do not and will not (i) conflict with or result in a breach or violation of any of the terms or provisions of,
or constitute a default under, or result in the creation or imposition of any lien, charge or encumbrance upon any of the property or
assets of Subscriber or any of its subsidiaries pursuant to the terms of any indenture, mortgage, charge, deed of trust, loan agreement,
lease, license or other agreement or instrument to which Subscriber or any of its subsidiaries is a party or by which Subscriber or any
of its subsidiaries is bound or to which any of the property or assets of Subscriber or any of its subsidiaries is subject, which would
reasonably be expected to have a material adverse effect on the legal authority of Subscriber to enter into and timely perform its obligations
under this Subscription Agreement (a “Subscriber Material Adverse Effect”), (ii) if Subscriber is not an individual,
result in any violation of the provisions of the organizational documents of Subscriber or any of its subsidiaries and (iii) result
in any violation of any statute or any judgment, order, rule or regulation of any court or governmental agency or body, domestic or foreign,
having jurisdiction over Subscriber or any of its subsidiaries or any of their respective properties that would reasonably be expected
to have a Subscriber Material Adverse Effect.

 

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2.1.4. Subscriber
(i) is (a) a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act), an institutional “accredited
investor” (within the meaning of Rule 501(a)(1), (2), (3), or (7) under the Securities Act) or an “accredited investor”
(within the meaning of Rule 501(a) under the Securities Act), experienced in investing in transactions of the type contemplated by this
Subscription Agreement and capable of evaluating investment risks independently, both in general and with regard to all transactions and
investment strategies involving a security or securities, including Subscriber’s participation in the purchase of the Subscribed
Shares, in each case, satisfying the applicable requirements set forth on Schedule I, (ii) is acquiring the Subscribed
Shares only for its own account and not for the account of others, or if Subscriber is subscribing for the Subscribed Shares as a fiduciary
or agent for one or more investor accounts, each owner of such account is a “qualified institutional buyer” (as defined in
Rule 144A under the Securities Act) or an “accredited investor” (within the meaning of Rule 501(a) under the Securities Act),
and Subscriber has full investment discretion with respect to each such account, and the full power and authority to make the acknowledgements,
representations, warranties and agreements herein on behalf of each owner of each such account, for investment purposes only and not with
a view to any distribution of the Subscribed Shares in any manner that would violate the securities laws of the United States or any other
applicable jurisdiction and (iii) is not acquiring the Subscribed Shares with a view to, or for offer or sale in connection with,
any distribution thereof in violation of the Securities Act (and shall provide the requested information on Schedule I following
the signature page hereto). Subscriber is not an entity formed for the specific purpose of acquiring the Subscribed Shares, unless Subscriber
is a newly formed entity in which all of the equity owners are accredited investors, and is an “institutional account” as
defined by FINRA Rule 4512(e). Accordingly, Subscriber is aware that this offering of the Subscribed Shares meets the exemption from filing
under FINRA Rule 5123B(1)(A), (C) or (J).

 

2.1.5. Subscriber
understands that the Subscribed Shares are being offered in a transaction not involving any public offering within the meaning of the
Securities Act, that the Subscribed Shares have not been registered under the Securities Act and that the Issuer will not be required
to register the Subscribed Shares except as set forth in Section 4 of this Subscription Agreement. Subscriber understands that
the Subscribed Shares may not be resold, transferred, pledged or otherwise disposed of by Subscriber absent an effective registration
statement under the Securities Act, except (i) to the Issuer or a subsidiary thereof, (ii) to non-U.S. persons pursuant
to offers and sales that occur solely outside the United States within the meaning of Regulation S under the Securities Act or (iii) pursuant
to another applicable exemption from the registration requirements of the Securities Act (including without limitation a private resale
pursuant to so called “Section 4(a)11⁄2”), and in each case, in accordance with any applicable securities laws of the
states and other jurisdictions of the United States, and that any certificates representing the Subscribed Shares shall contain a legend
to such effect (provided that such legends will be eligible for removal upon compliance with the relevant resale provisions of Rule 144).
Subscriber acknowledges that the Subscribed Shares will not be eligible for resale pursuant to Rule 144A promulgated under the Securities
Act. Subscriber understands and agrees that the Subscribed Shares will be subject to the foregoing restrictions and, as a result, Subscriber
may not be able to readily resell the Subscribed Shares and may be required to bear the financial risk of an investment in the Subscribed
Shares for an indefinite period of time. Subscriber understands that it has been advised to consult independent legal counsel prior to
making any offer, resale, pledge or transfer of any of the Subscribed Shares. Subscriber has determined based on its own independent review
and such professional advice as it deems appropriate that its purchase of the Subscribed Shares is a suitable investment for Subscriber,
notwithstanding the substantial risks inherent in investing in or holding the Subscribed Shares.

 

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2.1.6. Subscriber
understands and agrees that Subscriber is purchasing the Subscribed Shares directly from the Issuer. Subscriber further acknowledges that
there have been no representations, warranties, covenants or agreements made to Subscriber by the Issuer, the Company, or any of their
respective officers or directors, expressly or by implication, other than those representations, warranties, covenants and agreements
of the Issuer expressly set forth in this Subscription Agreement.

 

2.1.7. Subscriber
represents and warrants that its acquisition and holding of the Subscribed Shares will not constitute or result in a non-exempt prohibited
transaction under Section 406 of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), Section 4975
of the Internal Revenue Code of 1986, as amended (the “Code”), or any applicable other federal, state, local, non-U.S. or
other laws or regulations that are similar to such provisions of ERISA or the Code (collectively, “Similar Laws”).

 

2.1.8. In
making its decision to purchase the Subscribed Shares, Subscriber represents that it has relied solely upon independent investigation
made by Subscriber and the representations, warranties and covenants of the Issuer contained in this Subscription Agreement. Without limiting
the generality of the foregoing, Subscriber has not relied on any statements or other information provided by anyone (including J.P. Morgan
Securities LLC and Deutsche Bank Securities Inc. (collectively, in their capacity as placement agents, the “Placement Agents”)),
other than the Issuer and its respective representatives concerning the Issuer, the Company or the Subscribed Shares or the offer and
sale of the Subscribed Shares. Subscriber acknowledges and agrees that Subscriber has received such information as Subscriber deems necessary
in order to make an investment decision with respect to the Subscribed Shares, including with respect to the Issuer, the Company and the
Transactions. Subscriber represents and agrees that Subscriber and Subscriber’s professional advisor(s), if any, have (i) received,
reviewed and understood the offering materials made available to Subscriber and (ii) had the full opportunity to ask such questions,
receive such answers and obtain such information as Subscriber and such Subscriber’s professional advisor(s), if any, have deemed
necessary to make an investment decision with respect to the Subscribed Shares. Subscriber represents and warrants it is relying exclusively
on its own sources of information, investment analysis and due diligence (including professional advice you deem appropriate) with respect
to the Transactions, the Subscribed Shares and the business, condition (financial and otherwise), management, operations, properties and
prospects of the Issuer and the Company, including but not limited to all business, legal, regulatory, accounting, credit and tax matters.

 

2.1.9. Subscriber
acknowledges and agrees that (a) each of the Placement Agents is acting solely as placement agent in connection with the Transactions
and is not acting as an underwriter or in any other capacity in connection with the Subscriptions and is not and shall not be construed
as a fiduciary for Subscriber or any other person or entity in connection with the Transactions, (b) the Placement Agents have not
made and will not make any representation or warranty, whether express or implied, of any kind or character and have not provided any
advice or recommendation in connection with the Transactions, (c) the Placement Agents will have no responsibility with respect to
(i) any representations, warranties or agreements made by any person or entity under or in connection with the Transactions or any
of the documents furnished pursuant thereto or in connection therewith, or the execution, legality, validity or enforceability (with respect
to any person) or any thereof, or (ii) the business, condition (financial and otherwise), management, operations, properties or prospects
of, or any other matter concerning the Issuer, the Company or the Transactions, and (d) the Placement Agents shall have no liability
or obligation (including without limitation, for or with respect to any losses, claims, damages, obligations, penalties, judgments, awards,
liabilities, costs, expenses or disbursements incurred by Subscriber, the Issuer, or any other person or entity), whether in contract,
tort or otherwise, to Subscriber, or to any person claiming through Subscriber, in respect of the Transactions.

 

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2.1.10. Subscriber
became aware of this offering of the Subscribed Shares solely by means of direct contact between Subscriber and the Issuer, the Company
or one of their respective representatives. Subscriber did not become aware of this offering of the Subscribed Shares, nor were the Subscribed
Shares offered to Subscriber, by any other means. Subscriber acknowledges that the Issuer will represent and warrant that the Subscribed
Shares (i) were not offered by any form of general solicitation or general advertising, including methods described in section 502(c)
of Regulation D under the Securities Act and (ii) assuming the representations and warranties of the Issuer are true and correct
in all material respects, are not being offered in a manner involving a public offering under, or in a distribution in violation of, the
Securities Act, or any applicable state securities laws.

 

2.1.11. Subscriber
understands and agrees that no federal or state agency has passed upon or endorsed the merits of the offering of the Subscribed Shares
or made any findings or determination as to the fairness of an investment in the Subscribed Shares.

 

2.1.12. Subscriber
represents and warrants that Subscriber is not (i) a person or entity named on the List of Specially Designated Nationals and Blocked
Persons administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) or in any Executive
Order issued by the President of the United States and administered by OFAC (“OFAC List”), or a person or entity prohibited
by any OFAC sanctions program, (ii) a Designated National as defined in the Cuban Assets Control Regulations, 31 C.F.R. Part 515
or (iii) a non-U.S. shell bank or providing banking services indirectly to a non-U.S. shell bank. Subscriber
agrees to provide law enforcement agencies, if requested thereby, such records as required by applicable law, provided that Subscriber
is permitted to do so under applicable law. If Subscriber is a financial institution subject to the Bank Secrecy Act (31 U.S.C. Section 5311
et seq.), as amended by the USA PATRIOT Act of 2001, and its implementing regulations (collectively, the “BSA/PATRIOT Act”),
Subscriber represents that it maintains policies and procedures reasonably designed to comply with applicable obligations under the BSA/PATRIOT
Act. Subscriber also represents that, to the extent required, it maintains policies and procedures reasonably designed for the screening
of its investors against the OFAC sanctions programs, including the OFAC List. Subscriber further represents and warrants that, to the
extent required, it maintains policies and procedures reasonably designed to ensure that the funds held by Subscriber and used to purchase
the Subscribed Shares were legally derived.

 

2.1.13. If
Subscriber is an employee benefit plan that is subject to Title I of ERISA, a plan, an individual retirement account or other arrangement
that is subject to section 4975 of the Code or an employee benefit plan that is a governmental plan (as defined in section 3(32) of ERISA),
a church plan (as defined in section 3(33) of ERISA), a non-U.S. plan (as described in section 4(b)(4) of ERISA) or other plan
that is not subject to the foregoing but may be subject to provisions under any other Similar Laws or an entity whose underlying assets
are considered to include “plan assets” of any such plan, account or arrangement (each, a “Plan”), Subscriber
represents and warrants that none of the Issuer, nor any of its respective affiliates (the “Transaction Parties”) has
acted as the Plan’s fiduciary, or has been relied on for advice, with respect to its decision to acquire and hold the Subscribed
Shares, and none of the Transaction Parties shall at any time be relied upon as the Plan’s fiduciary with respect to any decision
to acquire, continue to hold or transfer the Subscribed Shares.

 

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2.1.14. Except
as expressly disclosed in a Schedule 13D or Schedule 13G (or amendments thereto) filed by such Subscriber with the United States Securities
and Exchange Commission (the “Commission”) with respect to the beneficial ownership of the SPAC’s common stock,
Subscriber is not currently (and at all times through Closing will refrain from being or becoming) a member of a “group” (within
the meaning of Section 13(d)(3) or Section 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or any successor provision) acting for the purpose of acquiring, holding or disposing of equity securities of the Issuer
(within the meaning of Rule 13d-5(b)(1) under the Exchange Act).

 

2.1.15. Subscriber
is not a foreign person (as defined in 31 C.F.R. Part 800.224) in which the national or subnational governments of a single foreign state
have a substantial interest (as defined in 31 C.F.R. Part 800.244) and that will acquire a substantial interest in the Issuer as a result
of the purchase and sale of Subscribed Shares hereunder such that a declaration to the Committee on Foreign Investment in the United States
would be mandatory under 31 C.F.R. Part 800.401, and no foreign person will have control (as defined in 31 C.F.R. Part 800.208) over the
Issuer from and after the Closing as a result of the purchase and sale of the Subscribed Shares hereunder.

 

2.1.16. Subscriber
has, and on each date the Purchase Price would be required to be funded to the Issuer pursuant to Section 3.1 will
have, sufficient immediately available funds to pay the Purchase Price pursuant to Section 3.1. Subscriber was not formed
for the purpose of acquiring the Subscribed Shares.

 

2.1.17. No
broker, finder or other financial consultant has acted on behalf of Subscriber in connection with this Subscription Agreement or the transactions
contemplated hereby in such a way as to create any liability on the Issuer.

 

2.1.18. Subscriber
agrees that, from the date of this Subscription Agreement until the Closing or the earlier termination of this Subscription Agreement,
none of Subscriber, its controlled affiliates, or any person or entity acting on behalf of Subscriber or any of its controlled affiliates
or pursuant to any understanding with Subscriber or any of its controlled affiliates will engage in any Short Sales with respect to securities
of the SPAC. For the purposes hereof, “Short Sales” shall include, without limitation, all “short sales”
as defined in Rule 200 promulgated under Regulation SHO under the Exchange Act, and all types of direct and indirect stock pledges (other
than pledges in the ordinary course of business as part of prime brokerage arrangements), forward sale contracts, options, puts, calls,
swaps and similar arrangements (including on a total return basis), including through non-U.S. broker dealers or foreign regulated
brokers.

 

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2.2. Issuer’s
Representations, Warranties and Agreements. To induce Subscriber to purchase the Subscribed Shares, the Issuer represents and warrants
to Subscriber and agrees with Subscriber, as of the date hereof and as of the Closing Date, as follows:

 

2.2.1. The
Issuer is validly existing and in good standing under the laws of the Cayman Islands, with all requisite power and authority to own, lease
and operate its properties and conduct its business as presently conducted and to enter into, deliver and perform its obligations under
this Subscription Agreement.

 

2.2.2. The
Subscribed Shares have been duly authorized and, when issued and delivered to Subscriber against full payment for the Subscribed Shares
in accordance with the terms of this Subscription Agreement and registered with the Issuer’s transfer agent, the Subscribed Shares
will be validly issued, fully paid and non-assessable and will not have been issued in violation of or subject to any preemptive
or similar rights whether created under the Issuer’s bye-laws or similar constitutive agreements or under the laws of
the Cayman Islands, as amended.

 

2.2.3. This
Subscription Agreement has been duly authorized, validly executed and delivered by the Issuer and, assuming that this Subscription Agreement
constitutes the valid and binding obligation of the other signatories hereto, is the valid and binding obligation of the Issuer, is enforceable
against Issuer in accordance with its terms, except as may be limited or otherwise affected by (i) bankruptcy, insolvency, fraudulent
conveyance, reorganization, moratorium or other laws relating to or affecting the rights of creditors generally and (ii) principles
of equity, whether considered at law or equity.

 

2.2.4. Assuming
the accuracy of the representations and warranties of Subscriber set forth in Section 2.1 of this Subscription Agreement, the execution,
delivery and performance of this Subscription Agreement (including compliance by the Issuer with all of the provisions hereof), the issuance
and sale of the Subscribed Shares and the consummation of the other transactions contemplated herein will not (i) conflict with or
result in a breach or violation of any of the terms or provisions of, or constitute a default under, or result in the creation or imposition
of any lien, charge or encumbrance upon any of the property or assets of the Issuer or any of its subsidiaries pursuant to the terms of
any indenture, mortgage, charge, deed of trust, loan agreement, lease, license or other agreement or instrument to which the Issuer or
any of its subsidiaries is a party or by which the Issuer or any of its subsidiaries is bound or to which any of the property or assets
of the Issuer or any of its subsidiaries is subject, which would reasonably be expected to have a material adverse effect on the validity
of the SPAC Shares or the legal authority of the Issuer to enter into and timely perform its obligations under this Subscription Agreement
(collectively, an “Issuer Material Adverse Effect”), (ii) result in any violation of the provisions of the organizational
documents of the Issuer or any of its subsidiaries or (iii) result in any violation of any statute or any judgment, order, rule or
regulation of any court or governmental agency or body, domestic or foreign, having jurisdiction over the Issuer or any of its subsidiaries
or any of its properties that would reasonably be expected to have an Issuer Material Adverse Effect.

 

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2.2.5. Neither
the Issuer, nor any person acting on its behalf has, directly or indirectly, made any offers or sales of any security of the Issuer nor
solicited any offers to buy any security under circumstances that would adversely affect reliance by the Issuer on Section 4(a)(2)
of the Securities Act for the exemption from registration for the transactions contemplated hereby or would require registration of the
issuance of the Subscribed Shares under the Securities Act.

 

2.2.6. Neither
the Issuer, nor any person acting on its behalf has conducted any general solicitation or general advertising, including methods described
in section 502(c) of Regulation D under the Securities Act, in connection with the offer or sale of any of the Subscribed Shares and neither
the Issuer, nor any person acting on its behalf has offered any of the Subscribed Shares in a manner involving a public offering under,
or in a distribution in violation of, the Securities Act or any state securities laws.

 

2.2.7. Concurrently
with the execution and delivery of this Subscription Agreement, the Issuer is entering into the Other Subscription Agreements providing
for the sale of SPAC Shares for a purchase price of $10.00 per share (collectively, the “PIPE Securities”). As of the
date hereof, there are no Other Subscription Agreements, side letter agreements or other agreements or understandings (including written
summaries of any oral understandings) with any Other Subscriber or any other investor or potential investor with respect to the purchase
of SPAC Shares of the Issuer (other than pursuant to any forward purchase agreements or the BCA) (collectively, the “PIPE Agreements”)
that include terms and conditions that are materially more advantageous to any such Other Subscriber, investor or potential investor (as
compared to Subscriber) other than PIPE Agreements with certain Other Subscribers with pre-existing relationships with the Issuer
solely to the extent such PIPE Agreements provide for a cash fee to such Other Subscribers in an amount equal to the fees that would have
otherwise been payable by the Issuer to the Placement Agents if such Other Subscribers did not have the pre-existing relationship
with the Issuer, but is not payable by the Issuer to the Placement Agents as a result of such pre-existing relationship. The
Other Subscription Agreements have not been amended or modified in any material respect following the date of this Subscription Agreement
in a manner that would reasonably be expected to materially and adversely affect the economic benefits that Subscriber would reasonably
expect to receive under this Subscription Agreement. The Issuer shall not release any Other Subscriber under any Other Subscription Agreement
from any of its obligations thereunder or any other agreements with any Other Subscriber, unless it offers the same release to the Subscriber.

 

2.2.8. As
of the date hereof, the authorized capital stock of the Issuer consists of (i) 500,000,000 shares of authorized SPAC Shares, (ii) 50,000,000
shares of authorized Class B Ordinary Shares, par value of $0.0001 per share (“Class B Shares”), and (iii) 5,000,000
undesignated preferred shares, par value of $0.0001 per share. As of the date hereof, there are: no preferred shares of the Issuer issued
or outstanding; 23,660,000 SPAC Shares issued and outstanding; and 5,750,001 Class B Shares issued and outstanding. The Issuer has
issued warrants to purchase up to 7,666,667 SPAC Shares, of which warrants to purchase 220,000 SPAC Shares are held by the affiliates
of the Issuer. Each outstanding warrant of the Issuer entitles the holder thereof to purchase one SPAC Share at an exercise price of $11.50
per share on the terms and conditions set forth in the applicable warrant agreements. All issued and outstanding SPAC Shares have been
duly authorized and validly issued, are fully paid, non-assessable and are not subject to preemptive rights. Except as set forth
above and pursuant to the warrants, this Subscription Agreement, the Other Subscription Agreements and the BCA (a true and correct copy
of which will be provided to Subscriber upon its execution by the Issuer, the Company, and the other parties named therein), there are
no other equity interests in the Issuer, or securities convertible into or exchangeable or exercisable for such equity interests. There
are no shareholder agreements, voting trusts or other agreements or understandings to which the Issuer is a party or by which it is bound
relating to the voting of any securities of the Issuer, other than as contemplated by the BCA and the Transaction Agreements.

 

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2.2.9. Assuming
the accuracy of Subscriber’s representations and warranties set forth in Section 2.1 of this Subscription
Agreement, (i) no registration under the Securities Act is required for the offer and sale of the Subscribed Shares by the Issuer
to Subscriber and (ii) no consent, approval, order or authorization of, or registration, qualification, designation, declaration
or filing with, any federal, state or local Governmental Authority is required on the part of the Issuer in connection with the consummation
of the transactions contemplated by this Subscription Agreement, except for filings pursuant to Regulation D of the Securities Act and
applicable state securities laws and filings required to consummate the Transactions as provided under the BCA.

 

2.2.10. As
of the date hereof, there are no pending or, to the knowledge of the Issuer, threatened, Actions, which, if determined adversely, would,
individually or in the aggregate, reasonably be expected to have an Issuer Material Adverse Effect. As of the date hereof, there is no
unsatisfied judgment or any open injunction binding upon the Issuer, which would, individually or in the aggregate, reasonably be expected
to have an Issuer Material Adverse Effect.

 

2.2.11. The
Issuer is in compliance with all applicable laws, except where such non-compliance would not reasonably be expected to have
an Issuer Material Adverse Effect. The Issuer has not received any written communication from a governmental entity that alleges that
the Issuer is not in compliance with or is in default or violation of any applicable law, except where such non-compliance, default
or violation would not, individually or in the aggregate, be reasonably expected to have an Issuer Material Adverse Effect.

 

2.2.12. The
Issuer is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration
with, any court or other federal, state, local or other governmental authority, self-regulatory organization or other person in connection
with the execution, delivery and performance by the Issuer of this Subscription Agreement (including, without limitation, the issuance
of the Subscribed Shares), other than (i) filings with the Commission, (ii) filings required by applicable state securities laws,
(iii) filings required in accordance with Section 4, (iv) those required by Nasdaq, and (v) filings, the failure of which
to obtain would not be reasonably be expected to have, individually or in the aggregate, an Issuer Material Adverse Effect.

 

2.2.13. No
broker, finder or other financial consultant has acted on behalf of the Issuer in connection with this Subscription Agreement or the transactions
contemplated hereby in such a way as to create any liability on Subscriber.

 

2.2.14. The
Issuer is classified as a Subchapter C corporation for U.S. federal income tax purposes.

 

2.2.15. The
Issuer acknowledges that, notwithstanding anything herein to the contrary, the Subscribed Shares may be pledged by Subscriber in connection
with a bona fide margin agreement, provided such pledge shall be (i) pursuant to an available exemption from the registration requirements
of the Securities Act or (ii) pursuant to, and in accordance with, a registration statement that is effective under the Securities
Act at the time of such pledge, and Subscriber effecting a pledge of Subscribed Shares shall not be required to provide Issuer with any
notice thereof; provided, however, that neither the Issuer or its counsel shall be required to take any action (or refrain from taking
any action) in connection with any such pledge.

 

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2.2.16. The
Issuer has made available to Subscriber (including via the Commission’s EDGAR system) a true, correct and complete copy of each
form, report, statement, schedule, prospectus, proxy, registration statement and other documents filed by the Issuer with the Commission
prior to the date of this Subscription Agreement (the “SEC Documents”). None of the SEC Documents filed under the Exchange
Act, contained, when filed or, if amended prior to the date of this Subscription Agreement, as of the date of such amendment with respect
to those disclosures that are amended, any untrue statement of a material fact or omitted to state a material fact required to be stated
therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. The Issuer
has timely filed each report, statement, schedule, prospectus, and registration statement that the SPAC was required to file with the
Commission since its inception and through the date hereof. As of the date hereof, there are no material outstanding or unresolved comments
in comment letters from the Commission staff with respect to any of the SEC Documents.

 

3. Settlement
Date and Delivery.

 

3.1. Closing.
The closing of the Subscription contemplated hereby (the “Closing”) shall occur on the date of, and immediately prior
to (but subject to), the consummation of the Transactions and the terms and conditions of this Subscription Agreement (the date of the
Closing, the “Closing Date”). Not less than five (5) Business Days prior to the date that the Issuer reasonably
expects all conditions to the closing of the Transactions to be satisfied (the “Expected Closing Date”), the Issuer
shall provide written notice to Subscriber (the “Closing Notice”)
specifying (i) the Expected Closing Date and (ii) the wire instructions for delivery of the Purchase Price to the Issuer. Subscriber shall
deliver to the Issuer no later than two (2) Business Days prior to the Expected Closing Date, the Purchase Price for the Subscribed
Shares, by wire transfer of United States dollars in immediately available funds to the account specified by the Issuer in the Closing
Notice, such funds to be held by the Issuer in escrow until the Closing. If the Transactions are not consummated on or prior to the fifth
(5th) Business Day after the Expected Closing Date, the Issuer shall promptly (but no later than two (2) Business Days thereafter)
return the Purchase Price to Subscriber by wire transfer of United States dollars in immediately available funds to an account specified
by Subscriber. Notwithstanding such return, (i) a failure to close on the Expected Closing Date shall not, by itself, be deemed to
be a failure of any of the conditions to Closing set forth in this Section 3 to be satisfied or waived on or prior
to the Closing Date, and (ii) unless and until this Subscription Agreement is terminated in accordance with Section 5 herein,
Subscriber shall remain obligated (A) to redeliver funds to the Issuer following the Issuer’s delivery to Subscriber of a new
Closing Notice and (B) to consummate the Closing upon satisfaction of the conditions set forth in this Section 3.
At the Closing, upon satisfaction (or, if applicable, waiver) of the conditions set forth in this Section 3, the Issuer
shall issue to Subscriber (or the funds and accounts designated by Subscriber if so designated by Subscriber, or its nominee in accordance
with its delivery instructions) or to a custodian designated by Subscriber, as applicable the Subscribed Shares, free and clear of any
liens or other restrictions whatsoever (other than those arising under state or federal securities laws), which Subscribed Shares, unless
otherwise determined by the Issuer, shall be uncertificated, with record ownership reflected only in the register of shareholders of the
Issuer (a copy of which showing Subscriber as the owner of the Subscribed Shares on and as of the Closing Date shall be provided to Subscriber
on the Closing Date or promptly thereafter). For purposes of this Subscription Agreement, “Business Day” means any
day that, in New York, New York, is neither a legal holiday nor a day on which banking institutions are generally authorized or required
by law or regulation to close.

 

3.2. Conditions
to Closing of the Issuer.

 

The Issuer’s obligations
to sell and issue the Subscribed Shares at the Closing are subject to the fulfillment or (to the extent permitted by applicable law) written
waiver by the Issuer, on or prior to the Closing Date, of each of the following conditions:

 

3.2.1. Representations
and Warranties Correct. The representations and warranties made by Subscriber in Section 2.1 hereof shall be
true and correct in all material respects when made (other than representations and warranties that are qualified as to materiality or
Subscriber Material Adverse Effect, which representations and warranties shall be true and correct in all respects), and shall be true
and correct in all material respects on and as of the Closing Date (unless they specifically speak as of another date in which case they
shall be true and correct in all material respects as of such date) (other than representations and warranties that are qualified as to
materiality or Subscriber Material Adverse Effect, which representations and warranties shall be true in all respects) with the same force
and effect as if they had been made on and as of said date and consummation of the Closing shall constitute a reaffirmation by Subscriber
of each of the representations, warranties and agreements of Subscriber contained in this Subscription Agreement as of the Closing Date,
but in each case without giving effect to consummation of the Transactions, or as of such earlier date, as applicable.

 

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3.2.2. Compliance
with Covenants. Subscriber shall have performed, satisfied and complied in all material respects with the covenants, agreements and
conditions required by this Subscription Agreement to be performed, satisfied or complied with by Subscriber at or prior to the Closing.

 

3.2.3. Closing
of the Transactions. All conditions precedent to each of the Issuer’s obligations to consummate, or cause to be consummated,
the Transactions set forth in the BCA shall have been satisfied or waived by the party entitled to the benefit thereof under the BCA (other
than those conditions that may only be satisfied at the consummation of the Transactions, but subject to satisfaction or waiver by such
party of such conditions as of the consummation of the Transactions), and the Transactions will be consummated immediately following the
Closing.

 

3.2.4. Legality.
There shall not be in force any order, judgment, injunction, decree, writ, stipulation, determination or award, in each case, entered
by or with any Governmental Authority, statute, rule or regulation enjoining or prohibiting the consummation of the Subscription.

 

3.3. Conditions
to Closing of Subscriber.

 

Subscriber’s obligation to purchase the Subscribed
Shares at the Closing is subject to the fulfillment or (to the extent permitted by applicable law) written waiver by Subscriber, on or
prior to the Closing Date, of each of the following conditions:

 

3.3.1. Representations
and Warranties Correct. The representations and warranties made by the Issuer in Section 2.2 hereof, shall be
true and correct in all material respects when made (other than representations and warranties that are qualified as to materiality or
Issuer Material Adverse Effect, which representations and warranties shall be true and correct in all respects), and shall be true and
correct in all material respects on and as of the Closing Date (unless they specifically speak as of another date in which case they shall
be true and correct in all material respects as of such date) (other than representations and warranties that are qualified as to materiality
or Issuer Material Adverse Effect, which representations and warranties shall be true and correct in all respects) with the same force
and effect as if they had been made on and as of said date and consummation of the Closing shall constitute a reaffirmation by Subscriber
of each of the representations, warranties and agreements of Subscriber contained in this Subscription Agreement as of the Closing Date,
but in each case without giving effect to consummation of the Transactions, or as of such earlier date, as applicable, except, in each
case, where the failure of such representations and warranties to be true and correct (whether as of the Closing Date or such earlier
date), taken as a whole, does not result in an Issuer Material Adverse Effect.

 

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3.3.2. Compliance
with Covenants. The Issuer shall have performed, satisfied and complied in all material respects with the covenants, agreements and
conditions required by this Subscription Agreement to be performed, satisfied or complied with by the Issuer at or prior to the Closing,
except where the failure of such performance or compliance would not or would not reasonably be expected to prevent, materially delay,
or materially impair the ability of the Issuer to consummate the Closing; provided, that, this condition shall be deemed satisfied
unless written notice of such noncompliance is provided by Subscriber to the Issuer and the Issuer fails to cure such noncompliance in
all material respects within five (5) Business Days of receipt of such notice.

 

3.3.3. Closing
of the Transactions. (i) All conditions precedent to the consummation of the Transactions set forth in the BCA shall have been
satisfied or waived by the party entitled to the benefit thereof under the BCA (other than those conditions that may only be satisfied
at the consummation of the Transactions, but subject to satisfaction or waiver by such party of such conditions as of the consummation
of the Transactions), (ii) no amendment, modification or waiver of the BCA (as the same exists on the date the BCA is executed by the
Issuer, the Company, and the other parties named therein) or any terms thereof shall have occurred that would reasonably be expected to
materially and adversely affect the economic benefits that Subscriber would reasonably expect to receive under this Subscription Agreement
without having received Subscriber’s prior written consent (not to be unreasonably withheld, conditioned or delayed) and (iii) the
Transactions will be consummated immediately following the Closing.

 

3.3.4. Legality.
There shall not be in force any order, judgment, injunction, decree, writ, stipulation, determination or award, in each case, entered
by or with any governmental authority, statute, rule or regulation enjoining or prohibiting the transactions contemplated by this Subscription
Agreement.

 

4. Registration
Statement.

 

4.1. The
Issuer agrees that, within thirty (30) calendar days after the consummation of the Transactions (the “Filing Date”),
the Issuer will file with the Commission (at the Issuer’s sole cost and expense) a re-sale registration statement (the “Registration
Statement”) registering the resale of the Subscribed Shares (the “Registrable Securities”), and the Issuer
shall use its commercially reasonable efforts to have the Registration Statement declared effective as soon as practicable after the filing
thereof, but no later than the earlier of (i) the 90th calendar day (or 135th calendar day if the Commission notifies the Issuer
that it will “review” the Registration Statement) following the Closing Date and (ii) the 10th Business Day after the
date the Issuer is notified (orally or in writing, whichever is earlier) by the Commission that the Registration Statement will not be
“reviewed” or will not be subject to further review (such earlier date, the “Effectiveness Date”); provided, however,
that the Issuer’s obligations to include the Registrable Securities in the Registration Statement are contingent upon Subscriber
furnishing a completed and executed selling shareholders questionnaire in customary form to the Issuer that contains the information required
by Commission rules for a Registration Statement regarding Subscriber, the securities of the Issuer held by Subscriber and the intended
method of disposition of the Registrable Securities to effect the registration of the Registrable Securities, and Subscriber shall execute
such documents in connection with such registration as the Issuer may reasonably request that are customary of a selling stockholder in
similar situations, including providing that the Issuer shall be entitled to postpone and suspend the effectiveness or use of the Registration
Statement, if applicable, during any customary blackout or similar period or as permitted hereunder; provided, that Subscriber
shall not in connection with the foregoing be required to execute any lock-up or similar agreement or otherwise be subject to
any contractual restriction on the ability to transfer the Registrable Securities. For purposes of clarification, any failure by the Issuer
to file the Registration Statement by the Filing Date or to effect such Registration Statement by the Effectiveness Date shall not otherwise
relieve the Issuer of its obligations to file or effect the Registration Statement as set forth above in this Section 4.
For purposes of this Section 4, Registrable Securities shall include, as of any date of determination, the Subscribed
Shares and any other equity security of the Issuer issued or issuable with respect to the Subscribed Shares by way of share split, dividend,
distribution, recapitalization, merger, exchange, replacement or similar event or otherwise.

 

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4.2. At
its expense, the Issuer shall:

 

4.2.1. except for such times as the Issuer is permitted hereunder to suspend the use of the prospectus forming part of a Registration Statement,
use its commercially reasonable efforts to keep such registration, and any qualification, exemption or compliance under state securities
laws which the Issuer determines to obtain, continuously effective with respect to Subscriber, and to keep the applicable Registration
Statement or any subsequent shelf registration statement free of any material misstatements or omissions, until the earlier of the following:
(i) Subscriber ceases to hold any Registrable Securities, (ii) the date all Registrable Securities held by Subscriber may be
sold without restriction under Rule 144, including without limitation, any volume and manner of sale restrictions which may be applicable
to affiliates under Rule 144 and without the requirement for the Issuer to be in compliance with the current public information required
under Rule 144(c)(1) (or Rule 144(i)(2), if applicable), (iii) the date that all Registrable Securities held by Subscriber may be sold
pursuant to another exemption from registration and (iv) two years from the Effectiveness Date of the Registration Statement. The period
of time during which the Issuer is required hereunder to keep a Registration Statement effective is referred to herein as the “Registration
Period”;

 

4.2.2. during
the Registration Period, advise Subscriber, as promptly as practicable but in any event within five (5) Business Days:

 

(a) when
a Registration Statement or any post-effective amendment thereto has become effective;

 

(b) after
it shall receive notice or obtain knowledge thereof, of the issuance by the Commission of any stop order suspending the effectiveness
of any Registration Statement or the initiation of any proceedings for such purpose;

 

(c) of
the receipt by the Issuer of any notification with respect to the suspension of the qualification of the Registrable Securities included
therein for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and

 

(d) subject
to the provisions in this Subscription Agreement, of the occurrence of any event that requires the making of any changes in any Registration
Statement or prospectus so that, as of such date, the statements therein are not misleading and do not omit to state a material fact required
to be stated therein or necessary to make the statements therein (in the case of a prospectus, in the light of the circumstances under
which they were made) not misleading.

 

Notwithstanding anything to
the contrary set forth herein, the Issuer shall not, when so advising Subscriber of such events, provide Subscriber with any material,
nonpublic information regarding the Issuer other than to the extent that providing notice to Subscriber of the occurrence of the events
listed in (a) through (d) above constitutes material, nonpublic information regarding the Issuer;

 

4.2.3. during
the Registration Period, use its commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of
any Registration Statement as soon as reasonably practicable;

 

4.2.4. during
the Registration Period, upon the occurrence of any event contemplated in Section 4.2.2(d), except for such times as
the Issuer is permitted hereunder to suspend, and has suspended, the use of a prospectus forming part of a Registration Statement, the
Issuer shall use its commercially reasonable efforts to as soon as reasonably practicable prepare a post-effective amendment to such Registration
Statement or a supplement to the related prospectus, or file any other required document so that, as thereafter delivered to purchasers
of the Registrable Securities included therein, such prospectus will not include any untrue statement of a material fact or omit to state
any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading;
and

 

4.2.5. during
the Registration Period, use its commercially reasonable efforts to cause all Subscribed Shares to be listed on each securities exchange
or market, if any, on which the Issuer’s SPAC Shares are then listed.

 

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4.3. Notwithstanding
anything to the contrary in this Subscription Agreement, the Issuer shall be entitled to delay or postpone the submission, filing or effectiveness
of the Registration Statement, and from time to time to require Subscriber not to sell under the Registration Statement or to suspend
the effectiveness thereof, if Issuer determines that in order for the Registration Statement not to contain a material misstatement or
omission, (x) an amendment thereto would be needed to include information that would at that time not otherwise be required in a current,
quarterly, or annual report under the Exchange Act, (y) the negotiation or consummation of a transaction by the Issuer or its subsidiaries
is pending or an event has occurred, which negotiation, consummation or event that the Issuer’s board of directors reasonably believes,
upon the advice of legal counsel, would require additional disclosure by the Issuer in the Registration Statement of material information
that the Issuer has a bona fide business purpose for keeping confidential and the non-disclosure of which in the Registration Statement
would be expected, in the reasonable determination of the Issuer’s board of directors, upon the advice of legal counsel, to cause
the, Registration Statement to fail to comply with applicable disclosure requirements, or (z) in the good faith judgment of the Issuer’s
board of directors, such submission, filing or effectiveness or use of such Registration Statement, would be detrimental to the Issuer,
and the Issuer’s board of directors concludes that such submission, filing or effectiveness should be delayed or postponed(each
such circumstance, a “Suspension Event”); provided, however, that the Issuer may not delay
or suspend the Registration Statement on more than three occasions or for more than ninety (90) consecutive calendar days, or more
than one hundred and twenty (120) total calendar days, in each case during any twelve-month period. Upon receipt of any written notice
from the Issuer of the happening of any Suspension Event during the period that the Registration Statement is effective or if as a result
of a Suspension Event the Registration Statement or related prospectus contains any untrue statement of a material fact or omits to state
any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which
they were made (in the case of the prospectus) not misleading, Subscriber agrees that (i) it will immediately discontinue offers
and sales of the Subscribed Shares under the Registration Statement (excluding, for the avoidance of doubt, sales conducted pursuant to
Rule 144) until Subscriber receives copies of a supplemental or amended prospectus (which the Issuer agrees to promptly prepare) that
corrects the misstatement(s) or omission(s) referred to above and receives notice that any post-effective amendment has become effective
or unless otherwise notified by the Issuer that it may resume such offers and sales, and (ii) it will maintain the confidentiality
of any information included in such written notice delivered by the Issuer except (A) for disclosure to Subscriber’s employees,
agents and professional advisers who need to know such information and are obligated to keep it confidential, (B) for disclosures
to the extent required in order to comply with reporting obligations to its limited partners who have agreed to keep such information
confidential and (C) as required by law. If so directed by the Issuer, Subscriber will deliver to the Issuer or, in Subscriber’s
sole discretion destroy, all copies of the prospectus covering the Subscribed Shares in Subscriber’s possession; provided, however,
that this obligation to deliver or destroy all copies of the prospectus covering the Subscribed Shares shall not apply (i) to the
extent Subscriber is required to retain a copy of such prospectus (a) in order to comply with applicable legal, regulatory, self-regulatory
or professional requirements or (b) in accordance with a bona fide pre-existing document retention policy or (ii) to
copies stored electronically on archival servers as a result of automatic data back-up.

 

4.4. The
parties agree that:

 

4.4.1. The
Issuer agrees to indemnify and hold harmless, to the extent permitted by law, Subscriber (to the extent a seller under the Registration
Statement), its directors, officers, employees, and agents, and each person who controls Subscriber (within the meaning of Section 15
of the Securities Act or Section 20 of the Exchange Act) from and against all reasonable and documented out-of-pocket losses,
claims, damages, liabilities and expenses (including, without limitation, reasonable and documented attorneys’ fees and expenses
of one law firm in connection with defending or investigating any such action or claim) (collectively, “Losses”), caused
by any untrue or alleged untrue statement of material fact contained in any Registration Statement, prospectus included in any Registration
Statement (a “Prospectus”) or preliminary Prospectus or any amendment thereof or supplement thereto or any omission
or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein (in the case of
a Prospectus), in the light of the circumstances under which they were made) not misleading, except insofar as the same are caused by
or contained in any information or affidavits so furnished in writing to the Issuer by or on behalf of Subscriber expressly for use therein
or Subscriber has omitted a material fact from such information or otherwise violated the Securities Act, Exchange Act or any state securities
law or any other law, rule or regulation thereunder; provided, however, that the indemnification contained in this Section 4.4 shall
not apply to amounts paid in settlement of any Losses if such settlement is effected without the consent of the Issuer (which consent
shall not be unreasonably withheld, conditioned or delayed), nor shall the Issuer be liable for any Losses to the extent they arise out
of or are based upon a violation which occurs (A) in reliance upon and in conformity with written information furnished by Subscriber,
(B) in connection with any failure of such person to deliver or cause to be delivered a Prospectus made available by the Issuer in
a timely manner, (C) as a result of offers or sales effected by or on behalf of any person by means of a “free writing prospectus”
(as defined in Rule 405 under the Securities Act) that was not authorized in writing by the Issuer, or (D) in connection with any
offers or sales effected by or on behalf of Subscriber in violation of Section 4.3 hereof. The Issuer shall notify
Subscriber promptly of the institution, threat or assertion of any proceeding arising from or in connection with the transactions contemplated
by this Section 4 of which the Issuer is aware.

 

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4.4.2. Subscriber
agrees, severally and not jointly with any person that is a party to the Other Subscription Agreements, to indemnify and hold harmless,
to the extent permitted by law, the Issuer, its directors, officers, employees and agents and each person who controls the Issuer (within
the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act) against all Losses caused by any untrue
or alleged untrue statement of material fact contained in any Registration Statement, Prospectus or preliminary Prospectus or any amendment
thereof or supplement thereto or arising out of or relating to any omission or alleged omission of a material fact required to be stated
therein or necessary to make the statements therein (in the case of any, in the light of the circumstances under which they were made)
not misleading, but only to the extent that such untrue statement or omission is contained in (or not contained in, in the case of an
omission) any information or affidavit so furnished in writing by Subscriber expressly for use therein; provided, however, that the indemnification
contained in this Section 4.5 shall not apply to amounts paid in settlement of any Losses if such settlement is
effected without the consent of Subscriber (which consent shall not be unreasonably withheld, conditioned or delayed). Notwithstanding
anything to the contrary herein, in no event shall the liability of Subscriber be greater in amount than the dollar amount of the net
proceeds received by Subscriber upon the sale of the Subscribed Shares purchased pursuant to this Subscription Agreement giving rise to
such indemnification obligation.

 

4.4.3. Any
person entitled to indemnification herein shall (1) give prompt written notice to the indemnifying party of any claim with respect
to which it seeks indemnification (provided that the failure to give prompt notice shall not impair any person’s right to indemnification
hereunder to the extent such failure has not prejudiced the indemnifying party) and (2) permit such indemnifying party to assume
the defense of such claim with counsel reasonably satisfactory to the indemnified party. If such defense is assumed, the indemnifying
party shall not be subject to any liability for any settlement made by the indemnified party without its consent (but such consent shall
not be unreasonably withheld). An indemnifying party who elects not to assume the defense of a claim shall not be obligated to pay the
fees and expenses of more than one counsel for all parties indemnified by such indemnifying party with respect to such claim, unless in
the reasonable judgment of legal counsel to any indemnified party a conflict of interest exists between such indemnified party and any
other of such indemnified parties with respect to such claim. No indemnifying party shall, without the consent of the indemnified party
(which consent shall not be unreasonably withheld, conditioned or delayed), consent to the entry of any judgment or enter into any settlement
which cannot be settled in all respects by the payment of money (and such money is so paid by the indemnifying party pursuant to the terms
of such settlement) or which settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such
indemnified party of a release from all liability in respect to such claim or litigation.

 

4.4.4. The
indemnification provided for under this Subscription Agreement shall remain in full force and effect regardless of any investigation made
by or on behalf of the indemnified party and shall survive the transfer of the Subscribed Shares purchased pursuant to this Subscription
Agreement.

 

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4.4.5. If
the indemnification provided under this Section 4.5 from the indemnifying party is unavailable or insufficient to
hold harmless an indemnified party in respect of any Losses referred to herein, then the indemnifying party, in lieu of indemnifying the
indemnified party, shall contribute to the amount paid or payable by the indemnified party as a result of such losses, claims, damages,
liabilities and expenses in such proportion as is appropriate to reflect the relative fault of the indemnifying party and the indemnified
party, as well as any other relevant equitable considerations. The relative fault of the indemnifying party and indemnified party shall
be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of
a material fact or omission or alleged omission to state a material fact, was made by (or not made by, in the case of an omission), or
relates to information supplied by (or not supplied by, in the case of an omission), such indemnifying party or indemnified party, and
the indemnifying party’s and indemnified party’s relative intent, knowledge, access to information and opportunity to correct
or prevent such action. The amount paid or payable by a party as a result of the Losses or other liabilities referred to above shall be
deemed to include, subject to the limitations set forth above, any legal or other fees, charges or expenses reasonably incurred by such
party in connection with any investigation or proceeding. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f)
of the Securities Act) shall be entitled to contribution pursuant to this Section 4.5 from any person who was not
guilty of such fraudulent misrepresentation. In no event shall the liability of Subscriber be greater in amount than the dollar amount
of the net proceeds received by Subscriber upon the sale of the Subscribed Shares purchased pursuant to this Subscription Agreement giving
rise to such contribution obligation.

 

5. Termination.
This Subscription Agreement shall terminate and be void and of no further force and effect, and all rights and obligations of the parties
hereunder shall terminate without any further liability on the part of any party in respect thereof, upon the earliest to occur of (A)
if the BCA has not been executed by the Issuer, the Company and the other parties named therein on or prior to the Subscription Outside
Date, at Subscriber’s election, on or after such date, and (B) if the BCA has been executed by the Issuer, the Company and the
other parties named therein on or prior to the Subscription Outside Date, (i) such date and time as the BCA is validly terminated in
accordance with its terms, (ii) upon the mutual written agreement of each of the parties hereto to terminate this Subscription Agreement,
with the prior written consent of the Company, and (iii) at Subscriber’s election, on or after _____________, 2022 (the “Termination
Date”), if the Closing has not occurred by such date; provided that if any Action for specific performance or other
equitable relief by the Issuer with respect to the BCA, any other Transaction Agreement, or otherwise with respect to the Transactions
is commenced or pending on or before the Termination Date, then the Termination Date shall be automatically extended without any further
action by any party until the date that is 30 days following the date on which a final, non-appealable Governmental Order has
been entered with respect to such Action and the Termination Date shall be deemed to be such later date for all purposes of this Subscription
Agreement; provided that nothing herein will relieve any party from liability for any willful breach hereof prior to
the time of termination, and each party will be entitled to any remedies at law or in equity to recover losses, liabilities or damages
arising from such breach. The Issuer shall promptly notify Subscriber of the termination of the BCA promptly after the termination of
such agreement. Upon the termination of this Subscription Agreement in accordance with this Section 5, any monies paid
by Subscriber to the Issuer in connection herewith shall be promptly (and in any event within two (2) Business Days after such termination)
returned to Subscriber.

 

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6. Miscellaneous.

 

6.1. Further
Assurances. At the Closing, the parties hereto shall execute and deliver such additional documents and take such additional actions
as the parties reasonably may deem to be practical and necessary in order to consummate the Subscription as contemplated by this Subscription
Agreement.

 

6.1.1. Subscriber
acknowledges that the Issuer and others (including the Company, as a third-party beneficiary with right of enforcement) will rely on the
acknowledgments, understandings, agreements, representations and warranties made by Subscriber contained in this Subscription Agreement.
Prior to the Closing, Subscriber agrees to promptly notify the Issuer and the Company if any of the acknowledgments, understandings, agreements,
representations and warranties made by Subscriber set forth herein are no longer accurate in all material respects. The Issuer acknowledges
that Subscriber and others will rely on the acknowledgments, understandings, agreements, representations and warranties made by the Issuer
contained in this Subscription Agreement. Prior to the Closing, the Issuer agrees to promptly notify Subscriber and the Company if any
of the acknowledgments, understandings, agreements, representations and warranties made by the Issuer set forth herein are no longer accurate
in all material respects.

 

6.1.2. Each
of the Issuer and Subscriber, and the Company (as a third-party beneficiary with right of enforcement), is entitled to rely upon this
Subscription Agreement and is irrevocably authorized to produce this Subscription Agreement or a copy hereof to any interested party in
any administrative or legal proceeding or official inquiry with respect to the matters covered hereby.

 

6.1.3. The
Issuer may request from Subscriber such additional information as the Issuer may deem necessary to evaluate the eligibility of Subscriber
to acquire the Subscribed Shares, and Subscriber shall provide such information as may be reasonably requested, to the extent within Subscriber’s
possession and control or otherwise readily available to Subscriber, provided that the Issuer agrees to keep confidential any such information
provided by Subscriber.

 

6.1.4. Each
of Subscriber and the Issuer shall pay all of their own respective expenses in connection with this Subscription Agreement and the transactions
contemplated herein.

 

6.1.5. Each
of Subscriber and the Issuer shall take, or cause to be taken, all actions and do, or cause to be done, all things necessary, proper or
advisable to consummate the transactions contemplated by this Subscription Agreement on the terms and conditions described therein no
later than immediately prior to the consummation of the Transactions.

 

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6.2. Notices.
Any notice or communication required or permitted hereunder shall be in writing and either delivered personally, emailed or sent by overnight
mail via a reputable overnight carrier, or sent by certified or registered mail, postage prepaid, and shall be deemed to be given and
received (i) when so delivered personally, (ii) when sent, with no mail undeliverable or other rejection notice, if sent by
email, or (iii) three (3) Business Days after the date of mailing to the address below or to such other address or addresses as such
person may hereafter designate by notice given hereunder:

 

		(i)	if to Subscriber, to such address or addresses set forth on the signature page hereto;

 

		(ii)	if to the Issuer, to:

 

Sports Ventures Acquisition Corp.

9705 Collins Ave 1901

Bal Harbour, FL 33154

Attention: Alan Kestenbaum, Chief Executive Officer

Email: AK@bi15.com

 

with a copy (which shall not constitute
notice) to:

 

Arent Fox LLP

800 Boylston Street, 32nd Floor,

Boston, MA 02199

Attention: Tal M. Unrad; Michael Andresino

Email: tal.unrad@arentfox.com; michael.andresino@arentfox.com

 

		(iii)	if to the Company, to:

 

Prime Focus World N.V

160 Great Portland St. Fitzrovia

London. W1W 5QA

Attention: General Counsel

Email: cpfl@dneg.com

 

with a copy (which shall not constitute notice)
to:

 

Latham & Watkins LLP

10250 Constellation Blvd., Suite 1100

Los Angeles, CA 90067

Attention: Steven B. Stokdyk; Lewis W. Kneib

Email: steven.stokdyk@lw.com; lewis.kneib@lw.com

 

6.3. Entire
Agreement. This Subscription Agreement constitutes the entire agreement, and supersedes all other prior agreements, understandings,
representations and warranties, both written and oral, among the parties, with respect to the subject matter hereof, including any commitment
letter entered into relating to the subject matter hereof.

 

    18

     

    

 

6.4. Modifications
and Amendments. This Subscription Agreement may not be amended, modified, supplemented or waived except by an instrument in writing,
signed by each of the parties hereto and the Company. No failure or delay of any party in exercising any right or remedy hereunder shall
operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance
of steps to enforce such right or power, or any course of conduct, preclude any other or further exercise thereof or the exercise of any
other right or power. The rights and remedies of the parties hereunder are cumulative and are not exclusive of any rights or remedies
that they would otherwise have hereunder.

 

6.5. Assignment.
Neither this Subscription Agreement nor any rights, interests or obligations that may accrue to the parties hereunder (including Subscriber’s
rights to purchase the Subscribed Shares) may be transferred or assigned without the prior written consent of each of the other parties
hereto and the Company (other than the Subscribed Shares acquired hereunder, if any, and then only in accordance with this Subscription
Agreement ); provided that Subscriber’s rights and obligations hereunder may be assigned to any fund or account
managed by the same investment manager as Subscriber, without the prior consent of the Issuer and the Company; provided that such
assignee(s) agrees in writing to be bound by the terms hereof, and upon such assignment by a Subscriber, the assignee(s) shall become
Subscriber hereunder and have the rights and obligations and be deemed to make the representations and warranties of Subscriber provided
for herein to the extent of such assignment; provided further that, no assignment shall relieve the assigning
party of any of its obligations hereunder, including any assignment to any fund or account managed by the same investment manager as Subscriber.

 

6.6. Benefit.
Except as otherwise provided herein, this Subscription Agreement shall be binding upon, and inure to the benefit of the parties hereto
and their heirs, executors, administrators, successors, legal representatives, and permitted assigns, and the agreements, representations,
warranties, covenants and acknowledgments contained herein shall be deemed to be made by, and be binding upon, such heirs, executors,
administrators, successors, legal representatives and permitted assigns. This Subscription Agreement shall not confer rights or remedies
upon any person other than the parties hereto and their respective successors and assigns, except as set forth in Sections 6.1.1,
6.1.2, 6.2, 6.4, 6.5 and 6.11 and that the Placement Agents shall be third-party beneficiaries to the
representations and warranties made by the Issuer and Subscriber in this Subscription Agreement.

 

6.7. Governing
Law. This Subscription Agreement, and any claim or cause of action hereunder based upon, arising out of or related to this Subscription
Agreement (whether based on law, in equity, in contract, in tort or any other theory) or the negotiation, execution, performance or enforcement
of this Subscription Agreement, shall be governed by and construed in accordance with the Laws of the State of New York, without giving
effect to the principles of conflicts of law thereof.

 

6.8. Consent
to Jurisdiction; Waiver of Jury Trial. Each of the parties irrevocably consents to the exclusive jurisdiction and venue of the Supreme
Court of the State of New York, provided that if subject matter jurisdiction over the matter that is the subject of the
legal proceeding is vested exclusively in the U.S. federal courts, such legal proceeding shall be heard in the U.S. District Court for
the Southern District of New York (together with the Supreme Court of the State of New York “Chosen Courts”), in connection
with any matter based upon or arising out of this Subscription Agreement. Each party hereby waives, and shall not assert as a defense
in any legal dispute, that (i) such person is not personally subject to the jurisdiction of the Chosen Courts for any reason, (ii) such
legal proceeding may not be brought or is not maintainable in the Chosen Courts, (iii) such person’s property is exempt or
immune from execution, (iv) such legal proceeding is brought in an inconvenient forum or (v) the venue of such legal proceeding
is improper. Each party hereby consents to service of process in any such proceeding in any manner permitted by New York law, further
consents to service of process by nationally recognized overnight courier service guaranteeing overnight delivery, or by registered or
certified mail, return receipt requested, at its address specified pursuant to Section 6.2 and waives and covenants
not to assert or plead any objection which they might otherwise have to such manner of service of process. Notwithstanding the foregoing
in this Section 6.8, a party may commence any action, claim, cause of action or suit in a court other than the Chosen
Courts solely for the purpose of enforcing an order or judgment issued by the Chosen Courts. TO THE EXTENT NOT PROHIBITED BY APPLICABLE
LAW WHICH CANNOT BE WAIVED, EACH OF THE PARTIES WAIVES ANY RIGHT TO TRIAL BY JURY ON ANY CLAIMS OR COUNTERCLAIMS ASSERTED IN ANY LEGAL
DISPUTE RELATING TO THIS SUBSCRIPTION AGREEMENT WHETHER NOW EXISTING OR HEREAFTER ARISING. IF THE SUBJECT MATTER OF ANY SUCH LEGAL DISPUTE
IS ONE IN WHICH THE WAIVER OF JURY TRIAL IS PROHIBITED, NO PARTY SHALL ASSERT IN SUCH LEGAL DISPUTE A NONCOMPULSORY COUNTERCLAIM ARISING
OUT OF OR RELATING TO THIS SUBSCRIPTION AGREEMENT. FURTHERMORE, NO PARTY SHALL SEEK TO CONSOLIDATE ANY SUCH LEGAL DISPUTE WITH A SEPARATE
ACTION OR OTHER LEGAL PROCEEDING IN WHICH A JURY TRIAL CANNOT BE WAIVED.

 

    19

     

    

 

6.9. Severability.
If any provision of this Subscription Agreement shall be invalid, illegal or unenforceable, the validity, legality or enforceability of
the remaining provisions of this Subscription Agreement shall not in any way be affected or impaired thereby and shall continue in full
force and effect.

 

6.10. No
Waiver of Rights, Powers and Remedies. No failure or delay by a party hereto in exercising any right, power or remedy under this Subscription
Agreement, and no course of dealing between the parties hereto, shall operate as a waiver of any such right, power or remedy of such party.
No single or partial exercise of any right, power or remedy under this Subscription Agreement by a party hereto, nor any abandonment or
discontinuance of steps to enforce any such right, power or remedy, shall preclude such party from any other or further exercise thereof
or the exercise of any other right, power or remedy hereunder. The election of any remedy by a party hereto shall not constitute a waiver
of the right of such party to pursue other available remedies. No notice to or demand on a party not expressly required under this Subscription
Agreement shall entitle the party receiving such notice or demand to any other or further notice or demand in similar or other circumstances
or constitute a waiver of the rights of the party giving such notice or demand to any other or further action in any circumstances without
such notice or demand.

 

6.11. Remedies.

 

6.11.1. The
parties agree that irreparable damage would occur if this Subscription Agreement is not performed or the Closing is not consummated in
accordance with its specific terms or is otherwise breached and that money damages or other legal remedies would not be an adequate remedy
for any such damage. It is accordingly agreed that the parties hereto shall be entitled to equitable relief, including in the form of
an injunction or injunctions, to prevent breaches or threatened breaches of this Subscription Agreement and to enforce specifically the
terms and provisions of this Subscription Agreement in an appropriate court of competent jurisdiction as set forth in Section 6.8,
this being in addition to any other remedy to which any party is entitled at law or in equity, including money damages. The right
to specific enforcement shall include the right of the parties hereto to cause the other parties hereto to cause the transactions contemplated
hereby to be consummated on the terms and subject to the conditions and limitations set forth in this Subscription Agreement. The parties
hereto further agree (i) to waive any requirement for the security or posting of any bond in connection with any such equitable remedy,
(ii) not to assert that a remedy of specific enforcement pursuant to this Section 6.11 is unenforceable, invalid,
contrary to applicable law or inequitable for any reason and (iii) to waive any defenses in any action for specific performance,
including the defense that a remedy at law would be adequate. The parties hereto acknowledge and agree that the Company shall be entitled
to seek to specifically enforce the provisions of the Subscription Agreement of which the Company is an express third-party beneficiary
on the terms and subject to the conditions set forth herein.

 

6.11.2. The
parties acknowledge and agree that this Section 6.11 is an integral part of the transactions contemplated hereby
and without that right, the parties hereto would not have entered into this Subscription Agreement.

 

6.12. Survival
of Representations and Warranties and Covenants. All representations and warranties made by the parties hereto, and all covenants
and other agreements of the parties hereto, in this Subscription Agreement shall survive the Closing. For the avoidance of doubt, if for
any reason the Closing does not occur prior to the consummation of the Transactions, all representations, warranties, covenants and agreements
of the parties hereunder shall survive the consummation of the Transactions and remain in full force and effect.

 

    20

     

    

 

6.13. No
Broker or Finder. Each of the Issuer and Subscriber, severally and each as to itself, agrees to indemnify and hold the other parties
hereto harmless from any claim or demand for commission or other compensation by any broker, finder, financial consultant or similar agent
claiming to have been employed by or on behalf of such party and to bear the cost of legal expenses incurred in defending against any
such claim.

 

6.14. Headings
and Captions. The headings and captions of the various subdivisions of this Subscription Agreement are for convenience of reference
only and shall in no way modify or affect the meaning or construction of any of the terms or provisions hereof.

 

6.15. Counterparts.
This Subscription Agreement may be executed in one or more counterparts, all of which when taken together shall be considered one and
the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other parties, it
being understood that the parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission
or any other form of electronic delivery, such signature shall create a valid and binding obligation of the party executing (or on whose
behalf such signature is executed) with the same force and effect as if such signature page were an original thereof.

 

6.16. Construction.
The words “include,” “includes,” and “including” will be deemed to be followed
by “without limitation.” Pronouns in masculine, feminine, and neuter genders will be construed to include any other
gender, and words in the singular form will be construed to include the plural and vice versa, unless the context otherwise requires.
The words “this Subscription Agreement,” “herein,” “hereof,” “hereby,”
“hereunder,” and words of similar import refer to this Subscription Agreement as a whole and not to any particular
subdivision unless expressly so limited. The parties hereto intend that each representation, warranty, and covenant contained herein will
have independent significance. If any party hereto has breached any representation, warranty, or covenant contained herein in any respect,
the fact that there exists another representation, warranty or covenant relating to the same subject matter (regardless of the relative
levels of specificity) which such party hereto has not breached will not detract from or mitigate the fact that such party hereto is in
breach of the first representation, warranty, or covenant. All references in this Subscription Agreement to numbers of shares, per share
amounts and purchase prices shall be appropriately adjusted to reflect any stock split, stock dividend, stock combination, recapitalization
or the like occurring after the date hereof.

 

6.17. Mutual
Drafting. This Subscription Agreement is the joint product of the parties hereto and each provision hereof has been subject to the
mutual consultation, negotiation and agreement of the parties and shall not be construed for or against any party hereto.

 

7. Disclosure.
The Issuer shall not publicly disclose the name of Subscriber or any affiliate or investment adviser of Subscriber, or include the name
of Subscriber or any affiliate or investment adviser of Subscriber in any press release or in any filing with the Commission or any regulatory
agency or trading market, without the prior written consent (including by e-mail) of Subscriber, except as required by the federal
securities laws, rules or regulations and to the extent such disclosure is required by other laws, rules or regulations, at the request
of the staff of the Commission or regulatory agency or under regulations of Nasdaq, in which case the Issuer shall provide Subscriber
with prior written notice (including by e-mail) of such permitted disclosure, and shall reasonably consult with Subscriber regarding
such disclosure.

 

    21

     

    

 

8. Trust
Account Waiver. Notwithstanding anything to the contrary set forth herein, Subscriber acknowledges that the SPAC has established a
trust account containing the proceeds of its initial public offering and from certain private placements (collectively, with interest
accrued from time to time thereon, the “Trust Account”). Subscriber agrees that (i) it has no right, title, interest
or claim of any kind in or to any monies held in the Trust Account, and (ii) it shall have no right of set-off or any right,
title, interest or claim of any kind (“Claim”) to, or to any monies in, the Trust Account, in each case in connection
with this Subscription Agreement, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it may have
in connection with this Subscription Agreement; provided, however, that nothing in this Section 8 shall
be deemed to limit Subscriber’s right, title, interest or claim to the Trust Account by virtue of such Subscriber’s record
or beneficial ownership of securities of the SPAC, including, but not limited to, any redemption right with respect to any such securities
of the SPAC. In the event any of the Subscriber has any Claim against the SPAC under this Subscription Agreement, the Subscriber shall
pursue such Claim solely against the SPAC and its assets outside the Trust Account and not against the property or any monies in the Trust
Account. Subscriber agrees and acknowledges that such waiver is material to this Subscription Agreement and has been specifically relied
upon by the SPAC to induce the SPAC to enter into this Subscription Agreement and each of the Subscriber further intends and understands
such waiver to be valid, binding and enforceable under applicable law. In the event the Subscriber, in connection with this Subscription
Agreement, commences any action or proceeding which seeks, in whole or in part, relief against the funds held in the Trust Account or
distributions therefrom or any of the SPAC’s stockholders, whether in the form of monetary damages or injunctive relief, Subscriber
shall be obligated to pay to the SPAC all of its legal fees and costs in connection with any such action in the event that the SPAC prevails
in such action or proceeding.

 

9. Non-Reliance.
Subscriber acknowledges that it is not relying upon, and has not relied upon, any statement, representation or warranty made by any person,
firm or corporation, other than the representations and warranties of the Issuer expressly set forth in this Subscription Agreement, in
making its investment or decision to invest in the Issuer. Subscriber agrees that no other Subscriber pursuant to this Subscription Agreement
or any other agreement related to the private placement of shares of the Issuer’s capital stock (including the controlling persons,
officers, directors, partners, agents or employees of any such Subscriber) shall be liable to any other Subscriber pursuant to this Subscription
Agreement or any other agreement related to the private placement of shares of the Issuer’s capital stock for any action heretofore
or hereafter taken or omitted to be taken by any of them in connection with the purchase of the Subscribed Shares hereunder.

 

10. Rule
144. From and after such time as the benefits of Rule 144 promulgated under the Securities Act or any other similar rule or regulation
of the Commission that may allow Subscriber to sell securities of the Issuer to the public without registration are available to holders
of the Issuer’s common stock and until the third anniversary of the Closing Date, the Issuer agrees to:

 

10.1. make
and keep public information available, as those terms are understood and defined in Rule 144; and

 

    22

     

    

 

10.2. file
with the Commission in a timely manner all reports and other documents required of the Issuer under the Securities Act and the Exchange
Act so long as the Issuer remains subject to such requirements and the filing of such reports and other documents is required for the
applicable provisions of Rule 144.

 

If the Subscribed Shares are
eligible to be sold without restriction under, and without the Issuer being in compliance with the current public information requirements
of, Rule 144 under the Securities Act, then at Subscriber’s request, the Issuer will cause its transfer agent to remove the applicable
restrictive legend. In connection therewith, if required by the Issuer’s transfer agent, the Issuer will promptly cause an opinion
of counsel to be delivered to and maintained with its transfer agent, together with any other authorizations, certificates and directions
required by the transfer agent that authorize and direct the transfer agent to issue such Subscribed Shares without any such legend; provided that,
notwithstanding the foregoing, Issuer will not be required to deliver any such opinion, authorization, certificate or direction if it
reasonably believes that removal of the legend could result in or facilitate transfers of securities in violation of applicable law.

 

11. Agreements
with Respect to Tax Matters. For so long as Subscriber holds Subscribed Shares, (i) the Issuer will, not more frequently than
once a year, determine whether it reasonably believes that it is a passive foreign company (a “PFIC”) as defined in
Section 1297 of the Code with respect to the preceding taxable year and, if it determines that it is a PFIC, it will (A) notify
Subscriber of its determination within thirty (30) days of such determination and (B) use commercially reasonable efforts to
provide Subscriber all information and documents that are reasonably requested and required for Subscriber or any of its underlying holders
to make and maintain a qualified electing fund election pursuant to Section 1295 of the Code with respect to the Issuer and any PFIC
in which the Issuer holds a direct or indirect controlling interest as soon as reasonably practicable following any request for such information
by the Subscriber, and (ii) the Issuer will not make an election to be treated as other than a corporation for U.S. federal income
tax purposes.

 

[Signature Page Follows]

 

    23

     

    

 

IN WITNESS WHEREOF,
each of the Issuer and Subscriber has executed or caused this Subscription Agreement to be executed by its duly authorized representative
as of the date set forth below.

 

	SUBSCRIBER:	 	Signature of Joint Subscriber, if applicable:
	Signature of Subscriber:	 	 	 
		 	 	 	 
	 	 	 	 	 
	By:	         	 	By:	 
	Name: 		 	Name:	 
	Title:	 	 	Title:	 
	Date:	January ___, 2022	 	Name of Joint Subscriber, if applicable:
	Name of Subscriber:	 	 	 
		 	 	 	 
	 	 	 	 
	(Please print. Please indicate name and capacity of person signing above)
    	 	(Please print. Please indicate name and capacity of person signing above)
	 	 	 
	 	 	 	 
	Name in which securities are to be registered	 	 	 
	(if different from the name of Subscriber listed directly above):	 	 	 
	 	 	 	 
	Email Address:	 	 
	 	 	 
	If there are joint investors, please check one:	 	 	 
	 	 	 	 
	☐ Joint Tenants with Rights of Survivorship	 	 	 
	 	 	 	 
	☐ Tenants-in-Common	 	 
	 	 	 
	☐ Community Property	 	 
	 	 	 
	Subscriber’s EIN:	 	Joint Subscriber’s EIN:
	 	 	 
	Business Address-Street:	 	Mailing Address-Street (if different):
	 	 	 

 

	 	 	 	 
	 	 	 	 
	City, State, Zip: 	 	City, State, Zip:
	Attn:	 	 	 	 
	Telephone No.:	                  	 	Attn:	 
	Facsimile No.:	 	 	Telephone No.:	      
	Aggregate Number of Subscribed Shares subscribed for:	 	Facsimile No.:	 

 

		 	 
	Aggregate Purchase Price: $ 	                        	.	 

 

You must pay the Purchase Price
by wire transfer of U.S. dollars in immediately available funds, to be held in escrow until the Closing, to the account specified by the
Issuer in the Closing Notice.

 

Signature Page to

Subscription Agreement

 

     

     

    

 

 

Accepted and agreed this ___ day of __________, 2022.

 

	SPAC:	 
	 	 
	Sports Ventures Acquisition Corp.	 
	 	 	 
	By:	 	 
	Name: 	 	 
	Title:	Chief Executive Officer	 

 

Signature Page to

Subscription Agreement

 

     

     

    

 

SCHEDULE I

ELIGIBILITY REPRESENTATIONS OF SUBSCRIBER

 

		A.	QUALIFIED INSTITUTIONAL BUYER STATUS

 

(Please check the applicable subparagraphs):

 

		1.	☐
We are a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933, as amended (the
“Securities Act”) (a “QIB”)).

 

		2.	☐
We are subscribing for the Subscribed Shares as a fiduciary or agent for one or more investor accounts, and each owner of such
account is a QIB.

 

*** OR ***

 

		B.	ACCREDITED INVESTOR STATUS (Please check the applicable subparagraphs):

 

		1.	☐
I am an “accredited investor” (within the meaning of Rule 501(a) under the Securities Act) or an entity in which all
of the equity holders are accredited investors within the meaning of Rule 501(a) under the Securities Act, and have marked and initialed
the appropriate box on the following page indicating the provision under which we qualify as an “accredited investor.”

 

*** AND ***

 

		C.	AFFILIATE STATUS

 

(Please check the applicable box) SUBSCRIBER:

 

		☐	is:

 

		☐	is not:

 

an “affiliate” (as defined in Rule 144 under
the Securities Act) of the Issuer or acting on behalf of an affiliate of the Issuer.

 

This page should be completed by Subscriber

and constitutes a part of the Subscription
Agreement.

Rule 501(a) under the Securities Act, in relevant part, states that
an “accredited investor” shall mean any person who comes within any of the below listed categories, or who the issuer reasonably
believes comes within any of the below listed categories, at the time of the sale of the securities to that person. Subscriber has indicated,
by marking and initialing the appropriate box below, the provision(s) below which apply to Subscriber and under which Subscriber accordingly
qualifies as an “accredited investor.”

 

		☐	Any bank as defined in section 3(a)(2) of the Securities
Act, or any savings and loan association or other institution as defined in section 3(a)(5)(A) of the Securities Act whether acting in
its individual or fiduciary capacity;

 

		☐	Any broker or dealer registered pursuant to section 15 of
the Securities Exchange Act of 1934, as amended;

 

    Schedule I-1

     

    

 

		☐	Any insurance company as defined in section 2(a)(13) of the
Securities Act;

 

		☐	Any investment company registered under the Investment Company
Act of 1940, as amended (the “Investment Company Act”) or a business development company as defined in section 2(a)(48)
of the Investment Company Act;

 

		☐	Any Small Business Investment Company licensed by the U.S.
Small Business Administration under section 301(c) or (d) of the Small Business Investment Act of 1958, as amended;

 

		☐	Any plan established and maintained by a state, its political
subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees, if such plan
has total assets in excess of $5,000,000;

 

		☐	Any employee benefit plan within the meaning of the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”), if (i) the investment decision is made by a plan
fiduciary, as defined in section 3(21) of ERISA, which is either a bank, a savings and loan association, an insurance company, or a registered
investment adviser, (ii) the employee benefit plan has total assets in excess of $5,000,000 or, (iii) such plan is a self-directed
plan, with investment decisions made solely by persons that are “accredited investors”;

 

		☐	Any private business development company as defined in section
202(a)(22) of the Investment Advisers Act of 1940, as amended;

 

		☐	Any (i) corporation, limited liability company or partnership,
(ii) Massachusetts or similar business trust, or (iii) organization described in section 501(c)(3) of the Internal Revenue
Code of 1986, as amended, not formed for the specific purpose of acquiring the securities offered, and with total assets in excess of
$5,000,000;

 

		☐	Any director, executive officer, or general partner of the
issuer of the securities being offered or sold, or any director, executive officer, or general partner of a general partner of that issuer;

 

		☐	Any natural person whose individual net worth, or joint net
worth with that person’s spouse, exceeds $1,000,000. For purposes of calculating a natural person’s net worth: (a) the
person’s primary residence shall not be included as an asset; (b) indebtedness that is secured by the person’s primary
residence, up to the estimated fair market value of the primary residence at the time of the sale of securities, shall not be included
as a liability (except that if the amount of such indebtedness outstanding at the time of sale of securities exceeds the amount outstanding
sixty (60) days before such time, other than as a result of the acquisition of the primary residence, the amount of such excess
shall be included as a liability); and (c) indebtedness that is secured by the person’s primary residence in excess of the
estimated fair market value of the primary residence at the time of the sale of securities shall be included as a liability;

 

		☐	Any natural person who had an individual income in excess
of $200,000 in each of the two most recent years or joint income with that person’s spouse in excess of $300,000 in each of those
years and has a reasonable expectation of reaching the same income level in the current year;

 

    Schedule I-2

     

    

 

		☐	Any trust, with total assets in excess of $5,000,000, not
formed for the specific purpose of acquiring the securities offered, whose purchase is directed by a sophisticated person as described
in Section 230.506(b)(2)(ii) of Regulation D; or

 

	 	☐	Any entity in which all of the equity owners are “accredited investors.”
	 	 	 
	 	☐	Any entity, of a type not previously listed, not formed for the specific purpose of acquiring the securities offered, owning investments in excess of $5,000,000
	 	 	 
	 	☐	Any natural person holding in good standing one or more professional certifications or designations or credentials from an accredited educational institution that the Commission has designated as qualifying an individual for accredited investor status. 
	 	 	 
	 	☐	Any natural person who is a “knowledgeable employee,” as defined in rule 3c-5(a)(4) under the Investment Company Act of 1940, as amended, of the issuer of the securities being offered or sold where the issuer would be an investment company, as defined in section 3 of such act, but for the exclusion provided by either section 3(c)(1) or section 3(c)(7) of such act.
	 	 	 
	 	☐	Any “family office,” as defined in rule 202(a)(11)(G)-1 under the Investment Advisers Act of 1940, as amended: (i) With assets under management in excess of $5,000,000, (ii) That is not formed for the specific purpose of acquiring the securities offered, and (iii) Whose prospective investment is directed by a person who has such knowledge and experience in financial and business matters that such family office is capable of evaluating the merits and risks of the prospective investment.
	 	 	 
	 	☐	Any “family client,” as defined in rule 202(a)(11)(G)-1 under the Investment Advisers Act of 1940, as amended, of a family office meeting the requirements specified above and whose prospective investment in the issuer is directed by such family office as specified above.

 

 

Schedule I-3SECURITIES
PURCHASE AGREEMENT

This
SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of January 13, 2022 by and between FORZA INNOVATIONS
INC., a Wyoming corporation, with headquarters located 30 Forzani Way NW, Calgary, Alberta T37 1L5, Canada (the “Company”),
and ONE44 CAPITAL LLC, a Nevada limited liability company, with its address at 1 East Liberty Street Suite 600, Reno, Nevada 89501
(the “Buyer”).

 

WHEREAS:

 

A. 
The Company and the Buyer are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded
by the rules and regulations as promulgated by the United States Securities and Exchange Commission (the “SEC”) under the
Securities Act of 1933, as amended (the “1933 Act”);

 

B. 
Buyer desires to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement a 10%
convertible note of the Company, in the form attached hereto as Exhibit A in the aggregate principal amount of $160,000.00 (together
with any note(s) issued in replacement thereof or as a dividend thereon or otherwise with respect thereto in accordance with the terms
thereof, the “Note”), convertible into shares of common stock, of the Company (the “Common Stock”), upon the
terms and subject to the limitations and conditions set forth in such Note. The Note shall contain an original issue discount of $8,000
such that the purchase price shall be $152,000.

C. 
The Buyer wishes to purchase, upon the terms and conditions stated in this Agreement, such principal amount of Note as is set forth immediately
below its name on the signature pages hereto; and

 

NOW
THEREFORE, the Company and the Buyer severally (and not jointly) hereby agree as follows:

 

1. 
Purchase and Sale of Note.

 

a. 
Purchase of Note. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to
purchase from the Company such principal amount of Note as is set forth immediately below the Buyer’s name on the signature pages
hereto.

 

b. 
Form of Payment. On the Closing Date (as defined below), (i) the Buyer shall pay the purchase price for the Note to be issued
and sold to it at the Closing (as defined below) (the “Purchase Price”) by wire transfer of immediately available funds to
the Company, in accordance with the Company’s written wiring instructions, against delivery of the Note in the principal amount
equal to the Purchase Price as is set forth immediately below the Buyer’s name on the signature pages hereto, and (ii) the
Company shall deliver such duly executed Note on behalf of the Company, to the Buyer, against delivery of such Purchase Price.

 

c. 
Closing Date. The date and time of the first issuance and sale of the Note pursuant to this Agreement (the “Closing Date”)
shall be on or about January 13, 2022, or such other mutually agreed upon time. The closing of the transactions contemplated by this
Agreement (the “Closing”) shall occur on the Closing Date at such location as may be agreed to by the parties.

2. 
Buyer’s Representations and Warranties. The Buyer represents and warrants to the Company that:

 

a. 
Investment Purpose. As of the date hereof, the Buyer is purchasing the Note (“Securities”) for its own account and
not with a present view towards the public sale or distribution thereof, except pursuant to sales registered or exempted from registration
under the 1933 Act; provided, however, that by making the representations herein, the Buyer does not agree to hold any
of the Securities for any minimum or other specific term and reserves the right to dispose of the Securities at any time in accordance
with or pursuant to a registration statement or an exemption under the 1933 Act.

 

b. 
Accredited Investor Status. The Buyer is an “accredited investor” as that term is defined in Rule 501(a) of Regulation
D (an “Accredited Investor”).

 

c. 
Reliance on Exemptions. The Buyer understands that the Securities are being offered and sold to it in reliance upon specific exemptions
from the registration requirements of United States federal and state securities laws and that the Company is relying upon the truth
and accuracy of, and the Buyer’s compliance with, the representations, warranties, agreements, acknowledgments and understandings
of the Buyer set forth herein in order to determine the availability of such exemptions and the eligibility of the Buyer to acquire the
Securities.

 

d. 
Information. The Buyer and its advisors, if any, have been, and for so long as the Note remain outstanding will continue to be,
furnished with all materials relating to the business, finances and operations of the Company and materials relating to the offer and
sale of the Securities which have been requested by the Buyer or its advisors. The Buyer and its advisors, if any, have been, and for
so long as the Note remain outstanding will continue to be, afforded the opportunity to ask questions of the Company. Notwithstanding
the foregoing, the Company has not disclosed to the Buyer any material nonpublic information and will not disclose such information unless
such information is disclosed to the public prior to or promptly following such disclosure to the Buyer. Neither such inquiries nor any
other due diligence investigation conducted by Buyer or any of its advisors or representatives shall modify, amend or affect Buyer’s
right to rely on the Company’s representations and warranties contained in Section 3 below. The Buyer understands that its investment
in the Securities involves a significant degree of risk. The Buyer is not aware of any facts that may constitute a breach of any of the
Company's representations and warranties made herein.

 

e. 
Governmental Review. The Buyer understands that no United States federal or state agency or any other government or governmental
agency has passed upon or made any recommendation or endorsement of the Securities.

 

f. 
Transfer or Re-sale. The Buyer understands that (i) the sale or re-sale of the Securities has not been and is not being registered
under the 1933 Act or any applicable state securities laws, and the Securities may not be transferred unless (a) the Securities
are sold pursuant to an effective registration statement under the 1933 Act, (b) the Buyer shall have delivered to the Company,
at the cost of the Buyer, an opinion of counsel that shall be in form, substance and scope customary for opinions of counsel in comparable
transactions to the effect that the Securities to be sold or transferred may be sold or transferred pursuant to an exemption from such
registration, which opinion shall be accepted by the Company, (c) the Securities are sold or transferred to an “affiliate”
(as defined in Rule 144 promulgated under the 1933 Act (or a successor rule) (“Rule 144”)) of the Buyer who agrees to sell
or otherwise transfer the Securities only in accordance with this Section 2(f) and who is an Accredited Investor, (d) the Securities
are sold pursuant to Rule 144, or (e) the Securities are sold pursuant to Regulation S under the 1933 Act (or a successor rule)
(“Regulation S”), and the Buyer shall have delivered to the Company, at the cost of the Buyer, an opinion of counsel that
shall be in form, substance and scope customary for opinions of counsel in corporate transactions, which opinion shall be accepted by
the Company; (ii) any sale of such Securities made in reliance on Rule 144 may be made only in accordance with the terms of said Rule
and further, if said Rule is not applicable, any re-sale of such Securities under circumstances in which the seller (or the person through
whom the sale is made) may be deemed to be an underwriter (as that term is defined in the 1933 Act) may require compliance with some
other exemption under the 1933 Act or the rules and regulations of the SEC thereunder; and (iii) neither the Company nor any other person
is under any obligation to register such Securities under the 1933 Act or any state securities laws or to comply with the terms and conditions
of any exemption thereunder (in each case). Notwithstanding the foregoing or anything else contained herein to the contrary, the Securities
may be pledged as collateral in connection with a bona fide margin account or other lending arrangement.

 

g. 
Legends. The Buyer understands that the Note may bear a restrictive legend in substantially the following form (and a stop-transfer
order may be placed against transfer of the certificates for such Securities):

 

“NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF
(A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL
(WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR
(II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION
WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.”

 

The
legend set forth above shall be removed and the Company shall issue a certificate without such legend to the holder of any Security upon
which it is stamped, if, unless otherwise required by applicable state securities laws, (a) such Security is registered for sale under
an effective registration statement filed under the 1933 Act or otherwise may be sold pursuant to Rule 144 or Regulation S without any
restriction as to the number of securities as of a particular date that can then be immediately sold, or (b) such holder provides the
Company with an opinion of counsel, in form, substance and scope customary for opinions of counsel in comparable transactions, to the
effect that a public sale or transfer of such Security may be made without registration under the 1933 Act, which opinion shall be accepted
by the Company so that the sale or transfer is affected. The Buyer agrees to sell all Securities, including those represented by a certificate(s)
from which the legend has been removed, in compliance with applicable prospectus delivery requirements, if any. In the event that the
Company does not accept the opinion of counsel provided by the Buyer with respect to the transfer of Securities pursuant to an exemption
from registration, such as Rule 144 or Regulation S, within 2 business days, it will be considered an Event of Default under the Note.

 

h. 
Authorization; Enforcement. This Agreement has been duly and validly authorized. This Agreement has been duly executed and delivered
on behalf of the Buyer, and this Agreement constitutes a valid and binding agreement of the Buyer enforceable in accordance with its
terms.

 

i. 
Residency. The Buyer is a resident of the jurisdiction set forth immediately below the Buyer’s name on the signature pages
hereto.

 

3. 
Representations and Warranties of the Company. The Company represents and warrants to the Buyer that:

 

a. 
Organization and Qualification. The Company and each of its subsidiaries, if any, is a corporation duly organized, validly existing
and in good standing under the laws of the jurisdiction in which it is incorporated, with full power and authority (corporate and other)
to own, lease, use and operate its properties and to carry on its business as and where now owned, leased, used, operated and conducted.

 

b. 
Authorization; Enforcement. (i) The Company has all requisite corporate power and authority to enter into and perform this Agreement,
the Note and to consummate the transactions contemplated hereby and thereby and to issue the Securities, in accordance with the terms
hereof and thereof, (ii) the execution and delivery of this Agreement, the Note by the Company and the consummation by it of the transactions
contemplated hereby and thereby (including without limitation, the issuance of the Note has been duly authorized by the Company’s
Board of Directors and no further consent or authorization of the Company, its Board of Directors, or its shareholders is required, (iii)
this Agreement has been duly executed and delivered by the Company by its authorized representative, and such authorized representative
is the true and official representative with authority to sign this Agreement and the other documents executed in connection herewith
and bind the Company accordingly, and (iv) this Agreement constitutes, and upon execution and delivery by the Company of the Note, each
of such instruments will constitute, a legal, valid and binding obligation of the Company enforceable against the Company in accordance
with its terms.

 

c. 
Issuance of Shares. The Conversion Shares are duly authorized and reserved for issuance and, upon conversion of the Note in accordance
with its respective terms, will be validly issued, fully paid and non-assessable, and free from all taxes, liens, claims and encumbrances
with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Company
and will not impose personal liability upon the holder thereof.

d. 
Acknowledgment of Dilution. The Company understands and acknowledges the potentially dilutive effect to the Common Stock upon
the issuance of the Conversion Shares upon conversion of the Note. The Company further acknowledges that its obligation to issue Conversion
Shares upon conversion of the Note in accordance with this Agreement, the Note is absolute and unconditional regardless of the dilutive
effect that such issuance may have on the ownership interests of other shareholders of the Company.

 

e. 
No Conflicts. The execution, delivery and performance of this Agreement, the Note by the Company and the consummation by the Company
of the transactions contemplated hereby and thereby will not (i) conflict with or result in a violation of any provision of the Certificate
of Incorporation or By-laws, or (ii) violate or conflict with, or result in a breach of any provision of, or constitute a default (or
an event which with notice or lapse of time or both could become a default) under, or give to others any rights of termination, amendment,
acceleration or cancellation of, any agreement, indenture, patent, patent license or instrument to which the Company or any of its subsidiaries
is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including federal and state securities
laws and regulations and regulations of any self-regulatory organizations to which the Company or its securities are subject) applicable
to the Company or any of its subsidiaries or by which any property or asset of the Company or any of its subsidiaries is bound or affected
(except for such conflicts, defaults, terminations, amendments, accelerations, cancellations and violations as would not, individually
or in the aggregate, have a material adverse effect). All consents, authorizations, orders, filings and registrations which the Company
is required to obtain pursuant to the preceding sentence have been obtained or effected on or prior to the date hereof. The Company is
not in violation of the listing requirements of the OTC Marketplace (the “OTC Markets”) and does not reasonably anticipate
that the Common Stock will be delisted by the OTC MARKETS in the foreseeable future, nor are the Company’s securities “chilled”
by FINRA. The Company and its subsidiaries are unaware of any facts or circumstances which might give rise to any of the foregoing.

 

f. 
Absence of Litigation. Except as disclosed in the Company’s public filings, there is no action, suit, claim, proceeding,
inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to
the knowledge of the Company or any of its subsidiaries, threatened against or affecting the Company or any of its subsidiaries, or their
officers or directors in their capacity as such, that could have a material adverse effect. Schedule 3(f) contains a complete list and
summary description of any pending or, to the knowledge of the Company, threatened proceeding against or affecting the Company or any
of its subsidiaries, without regard to whether it would have a material adverse effect. The Company and its subsidiaries are unaware
of any facts or circumstances which might give rise to any of the foregoing.

 

g. 
Acknowledgment Regarding Buyer’ Purchase of Securities. The Company acknowledges and agrees that the Buyer is acting solely
in the capacity of arm’s length purchasers with respect to this Agreement and the transactions contemplated hereby. The Company
further acknowledges that the Buyer is not acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with
respect to this Agreement and the transactions contemplated hereby and any statement made by the Buyer or any of its respective representatives
or agents in connection with this Agreement and the transactions contemplated hereby is not advice or a recommendation and is merely
incidental to the Buyer’ purchase of the Securities. The Company further represents to the Buyer that the Company’s decision
to enter into this Agreement has been based solely on the independent evaluation of the Company and its representatives.

 

h. 
No Integrated Offering. Neither the Company, nor any of its affiliates, nor any person acting on its or their behalf, has directly
or indirectly made any offers or sales in any security or solicited any offers to buy any security under circumstances that would require
registration under the 1933 Act of the issuance of the Securities to the Buyer. The issuance of the Securities to the Buyer will not
be integrated with any other issuance of the Company’s securities (past, current or future) for purposes of any shareholder approval
provisions applicable to the Company or its securities.

 

i. 
Title to Property. The Company and its subsidiaries have good and marketable title in fee simple to all real property and good
and marketable title to all personal property owned by them which is material to the business of the Company and its subsidiaries, in
each case free and clear of all liens, encumbrances and defects except such as are described in Schedule 3(i) or such as would not have
a material adverse effect. Any real property and facilities held under lease by the Company and its subsidiaries are held by them under
valid, subsisting and enforceable leases with such exceptions as would not have a material adverse effect.

 

j. 
Bad Actor. No officer or director of the Company would be disqualified under Rule 506(d) of the Securities Act as amended on the
basis of being a "bad actor" as that term is established in the September 19, 2013 Small Entity Compliance Guide published
by the Securities and Exchange Commission.

 

k. 
Breach of Representations and Warranties by the Company. If the Company breaches any of the representations or warranties set
forth in this Section 3, and in addition to any other remedies available to the Buyer pursuant to this Agreement, it will be considered
an Event of default under the Note.

 

4. 
COVENANTS.

 

a. 
Expenses. At the Closing, the Company shall reimburse Buyer $8,000 for expenses incurred by them in connection with the negotiation,
preparation, execution, delivery and performance of this Agreement and the other agreements to be executed in connection herewith (“Documents”).

 

b. 
Listing. The Company will obtain and, so long as the Buyer owns any of the Securities, maintain the listing and trading of its
Common Stock on the OTC MARKETS or any equivalent replacement exchange, the Nasdaq National Market (“Nasdaq”), the Nasdaq
SmallCap Market (“Nasdaq SmallCap”) or the New York Stock Exchange (“NYSE”), and will comply in all respects
with the Company’s reporting, filing and other obligations under the bylaws or rules of the Financial Industry Regulatory Authority
(“FINRA”) and such exchanges, as applicable. The Company shall promptly provide to the Buyer copies of any notices it receives
from the OTC MARKETS and any other exchanges or quotation systems on which the Common Stock is then listed regarding the continued eligibility
of the Common Stock for listing on such exchanges and quotation systems.

 

c. 
Corporate Existence. So long as the Buyer beneficially owns any Note, the Company shall maintain its corporate existence and shall
not sell all or substantially all of the Company’s assets, except in the event of a merger or consolidation or sale of all or substantially
all of the Company’s assets, where the surviving or successor entity in such transaction (i) assumes the Company’s obligations
hereunder and under the agreements and instruments entered into in connection herewith and (ii) is a publicly traded corporation whose
Common Stock is listed for trading on the OTC MARKETS, Nasdaq, Nasdaq SmallCap or NYSE.

 

d. 
No Integration. The Company shall not make any offers or sales of any security (other than the Securities) under circumstances
that would require registration of the Securities being offered or sold hereunder under the 1933 Act or cause the offering of the Securities
to be integrated with any other offering of securities by the Company for the purpose of any stockholder approval provision applicable
to the Company or its securities.

 

e. 
Filings. The Company shall include the Note in its next scheduled SEC filing whether that shall be a 10-Q or a10-K.

 

f. 
Breach of Covenants. If the Company breaches any of the covenants set forth in this Section 4, and in addition to any other remedies
available to the Buyer pursuant to this Agreement, it will be considered an event of default under the Note.

 

5. 
Governing Law; Miscellaneous.

 

a. 
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada without regard
to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by
this Agreement shall be brought only in the state courts of Nevada or in the federal courts located in the state Nevada and county of
either Washoe County, Nevada or Clark County, Nevada. The parties to this Agreement hereby irrevocably waive any objection to jurisdiction
and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum
non conveniens. The Company and Buyer waive trial by jury. The prevailing party shall be entitled to recover from the other party
its reasonable attorney's fees and costs. In the event that any provision of this Agreement or any other agreement delivered in connection
herewith is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to
the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision
which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any
agreement. Each party hereby irrevocably waives personal service of process and consents to process being served in any suit, action
or proceeding in connection with this Agreement or any other Transaction Document by mailing a copy thereof via registered or certified
mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement
and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall
be deemed to limit in any way any right to serve process in any other manner permitted by law.

 

b. 
Counterparts; Signatures by Facsimile. This Agreement may be executed in one or more counterparts, each of which shall be deemed
an original but all of which shall constitute one and the same agreement and shall become effective when counterparts have been signed
by each party and delivered to the other party. This Agreement, once executed by a party, may be delivered to the other party hereto
by facsimile transmission of a copy of this Agreement bearing the signature of the party so delivering this Agreement.

 

c. 
Headings. The headings of this Agreement are for convenience of reference only and shall not form part of, or affect the interpretation
of, this Agreement.

 

d. 
Severability. In the event that any provision of this Agreement is invalid or unenforceable under any applicable statute or rule
of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to
conform with such statute or rule of law. Any provision hereof which may prove invalid or unenforceable under any law shall not affect
the validity or enforceability of any other provision hereof.

 

e. 
Entire Agreement; Amendments. This Agreement and the instruments referenced herein contain the entire understanding of the parties
with respect to the matters covered herein and therein and, except as specifically set forth herein or therein, neither the Company nor
the Buyer makes any representation, warranty, covenant or undertaking with respect to such matters. No provision of this Agreement may
be waived or amended other than by an instrument in writing signed by the majority in interest of the Buyer.

 

f. 
Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be
in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified,
return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, (iv) via electronic
mail or (v) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party
shall have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall
be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile
machine, at the address or number designated below (if delivered on a business day during normal business hours where such notice is
to be received) or delivery via electronic mail, or the first business day following such delivery (if delivered other than on a business
day during normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing
by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur.
The addresses for such communications shall be:

 

If
to the Company, to:

FORZA
INNOVATION INC.

30
Forzani Way NW

Calgary,
Alberta T3Z 1L5

Attn:
Johnny Forzani

 

 

If
to the Buyer:

ONE44
CAPITAL LLC

1
East Liberty Street Suite 600

Reno,
Nevada 89501

Attn:
Ahron Fraiman, Manager

 

Each
party shall provide notice to the other party of any change in address.

 

g. 
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and
assigns. Neither the Company nor the Buyer shall assign this Agreement or any rights or obligations hereunder without the prior written
consent of the other. Notwithstanding the foregoing, the Buyer may assign its rights hereunder to any person that purchases Securities
in a private transaction from the Buyer or to any of its “affiliates,” as that term is defined under the 1934 Act, without
the consent of the Company.

 

h. 
Third Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective permitted successors
and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

 

i. 
Survival. The representations and warranties of the Company and the agreements and covenants set forth in this Agreement shall
survive the closing hereunder notwithstanding any due diligence investigation conducted by or on behalf of the Buyer. The Company agrees
to indemnify and hold harmless the Buyer and all their officers, directors, employees and agents for loss or damage arising as a result
of or related to any breach or alleged breach by the Company of any of its representations, warranties and covenants set forth in this
Agreement or any of its covenants and obligations under this Agreement, including advancement of expenses as they are incurred.

 

j. 
Further Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and
shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request
in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated
hereby.

 

k. 
No Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express
their mutual intent, and no rules of strict construction will be applied against any party.

 

l. 
Remedies. The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Buyer by
vitiating the intent and purpose of the transaction contemplated hereby. Accordingly, the Company acknowledges that the remedy at law
for a breach of its obligations under this Agreement will be inadequate and agrees, in the event of a breach or threatened breach by
the Company of the provisions of this Agreement, that the Buyer shall be entitled, in addition to all other available remedies at law
or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing any
breach of this Agreement and to enforce specifically the terms and provisions hereof, without the necessity of showing economic loss
and without any bond or other security being required.

 

    	1 

    	 

    

 

 

IN
WITNESS WHEREOF, the undersigned Buyer and the Company have caused this Agreement to be duly executed as of the date first above written.

 

FORZA
INNOVATIONS INC.

 

 

By:
/s/Johnny Forzani

Name:
Johnny Forzani

Title:
President

 

 

 

ONE44
CAPITAL LLC.

 

By:
/s/ Ahron Fraiman

Name:
Ahron Fraiman

Title:
Manager

 

 

AGGREGATE
SUBSCRIPTION AMOUNT:

 

Aggregate
Principal Amount of Note:$160,000.00

 

Aggregate
Purchase Price:

 

Note:
$160,000.00, less $8,000.00 in original issue discount, and less $8,000.00 in legal fees.

 

 

 

    	2 

    	 

    

 

EXHIBIT
A

NOTE-
$160,000.00

 

 

 

    	3

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