Document:

Exhibit 10.1

 

MEMBERSHIP INTEREST
PURCHASE AGREEMENT

 

THIS SHARE PURCHASE AGREEMENT (Agreement)
made and entered into on the date of the signatures of the Parties below, to be effective on the 1st day of March, 2022, between
Vance Barron Harrison (“Seller”) and Motos America Inc., a Nevada corporation (“Purchaser”).

 

BACKGROUND:

 

	A.	Seller is the owner of record of 100% of the membership interests of any kind, class, or privilege (“Membership
Interests”) of the following limited liability companies:

 

CASCADE MOTO EUGENE, LLC, an Oregon Domestic Limited Liability
Company

Registration Number 183686899

2891 W 11TH AVE

EUGENE, OR 97402

 

And,

 

CASCADE MOTO PORTLAND, LLC an Oregon Domestic Limited Liability
Company

Registration Number 183591396

12010 SW GARDEN PLACE

TIGARD, OR 97223

 

	B.	The Seller operates operate three motorcycle franchise dealerships; a BMW Motorcycle
Dealership in Tigard, Oregon, a second BMW Motorcycle Dealership in Eugene Oregon, and a Triumph Dealership in Beaverton, Oregon. Through
CASCADE MOTO EUGENE, LLC, and CASCADE MOTO PORTLAND, LLC. (“the Dealerships”).

 

	C.	Seller desires to sell the Membership Interests to Purchaser and Purchaser desires
to purchase the Membership Interests from Seller.

 

IN CONSIDERATION OF and as a
condition of the parties entering this Agreement and other valuable consideration, the receipt and sufficiency of which consideration
is acknowledged, the parties to this Agreement agree as follows:

 

	1.	Purchase and Sale 

 

Seller agrees to sell, and Purchaser agrees to buy all of
the rights, title, interest, and property of Seller in the Membership Interests for the purchase price of Four Million, One Hundred and
Ninety Six Thousand Eight Hundred and Forty One Dollars and Zero Cents ($4,196,841.00) (the “Purchase Price”).

 

	2.	Conveyance of Businesses 

 

Upon Closing of the Membership,
the interest, assets and operations of the three Dealerships, including the FF&E, Inventory, Tools, Personal Property, Intellectual
Property and the like, located at the Dealerships or used by these 3 Dealerships, shall inure to the benefit and control of the Purchaser.
Current and accurate financial statements are attached to this Agreement as Exhibit A and are made part hereof.

 

 

 

 

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		3.	Assignment of Leases and Contracts 

 

Inasmuch as the Dealerships operate
from leased facilities, the Seller agrees to assign all rights and privileges under these leases to the benefit of the Purchaser, and
further, to execute any other documents as may be needful or desirable to perfect the interest of the Seller in these leased facilities.

 

	4.	Representations and Warranties
of Seller

 

Seller warrants and represents to Purchaser as follows:

 

		a.	The Financial Statements provided to the Seller, and appended hereto as Exhibit
A, fairly and accurately represent the business operations of the Dealerships.

 

		b.	Except as provided in the founding documents of the Company or as indicated on
the face of the certificates for the Membership Interests, Purchaser is not prevented or restricted in any way from re-selling the Membership
Interests in the future.

 

		c.	Seller is the owner in clear title of the Membership Interests and the Membership
Interests are free of any lien, encumbrance, security interests, charges, mortgages, pledges, or adverse claim or other restriction that
would prevent the transfer of clear title to Purchaser.

 

		d.	In-as-much as Oregon Law (ORS Chapter 63.245(2)(a) requires the consent of the
members of an LLC for the transfer of membership interest, Seller hereby represents and warrants to Seller that such consent has been
obtained prior to closing of this transaction.

 

		e.	Seller is not bound by any agreement that would prevent any transactions connected
with this Agreement, including the transfer of the Dealership franchise agreements with BMW North America or Triumph North America.

 

		f.	There is no legal action or suit pending against any party, to the knowledge of
Seller that would materially affect this Agreement.

 

	5. 	Representations and Warranties of Purchaser

 

The Purchaser warrants and represents to Seller as follows:

 

		a.	Purchaser acknowledges the inherent possibility of conflict of interest between the Seller and the Purchaser,
in-as-much as the Seller is the majority owner as well as an Officer and Director of the Purchaser.

 

		b.	Purchaser has performed its own due diligence with regard to the businesses and the Membership interests
and hereby forever waives the claim of conflict of interest or coercions against the Seller.

 

		c.	Purchaser is not bound by any agreement that would prevent any transactions connected with this Agreement.

 

		d.	There is no legal action or suit pending against any party, to the knowledge of Purchaser that would
materially affect this Agreement.

 

	6. 	Closing and Effective Date

 

		a.	Closing of this Agreement shall take place on or before the 28th day of March 2022, however the effective date of this Agreement shall be
the 1st day of March, 2022. The Purchaser shall be responsible for the operations, profits and/or losses of the dealerships
from that day forward.

 

 

 

 

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		b.	At closing, the Purchaser shall make credits, assume debt, and make other payments as follows:

 

	Portland Assumed Debt	 	Secured Flooring Lines	 	$	1,766,497.00	 
	Portland Assumed Debt	 	Unsecured Working Capital Loan	 	 	276,847.00	 
	Eugene Assumed Debt	 	Secured Flooring Lines	 	 	884,328.00	 
	Eugene Assumed Debt	 	Unsecured Working Capital Loan	 	 	92,282.00	 
	Portland Deposit Paid	 	Previously paid	 	 	50,000.00	 
	Eugene Deposit Paid	 	Previously paid	 	 	50,000.00	 
	Advances to Harrison	 	Previously paid	 	 	576,887.00	 
	New Shares to Harrison	 	250,000 Common Shares, @$2.00	 	 	500,000.00	 
	 	 	 	 	$	4,196,841.00	 

 

	7. 	Expenses

 

All parties agree to pay all their own costs and
expenses in connection with this Agreement.

 

	8. 	Governing Law

 

Subject to the Arbitration provisions of this Agreement,
both the Purchaser and the Seller hereby agree to submit to the jurisdiction of the courts of the State of Utah for the enforcement of
this Agreement or any arbitration award or decision arising from this Agreement. This Agreement will be enforced or construed according
to the laws of the State of Utah.

 

	9. 	Finder's Fees

 

		a.	No party to this Agreement will pay any type of finder's fee to any other party to this Agreement or to
any other individual in connection to this Agreement.

 

		b.	All parties to this Agreement warrant and represent that no investment banker or broker or other intermediary
has facilitated the transaction contemplated by this Agreement and is entitled to a fee or commission in connection with said transaction.
All parties to this Agreement indemnify and hold harmless all other parties to this Agreement in connection with any claims for brokerage
fees or other commissions that may be made by any party pertaining to this Agreement.

 
	10. 	Dividends or Distributions

 

		a.	Any dividends or earnings attributable to the Membership Interests and payable before or after the Closing
of this Agreement will belong to the Seller, and any dividends earned by the Membership Interests and payable after the Closing of this
Agreement will belong to the Purchaser.

 

		b.	Any rights to vote attached to the Membership Interests will belong to the Seller before the Closing and
will belong to the Purchaser after the Closing.

 

 

 

 

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	11. 	Severability

 

If any term, provision, covenant or
condition of this Agreement, or the application thereof to any person, place or circumstance, shall be held to be invalid, unenforceable
or void, the remainder of this Agreement and such term, provision, covenant or condition as applied to other persons, places and circumstances
shall remain in full force and effect.

 

	12. 	Construction

 

The headings and captions of this Agreement
are provided for convenience only and are intended to have no effect in construing or interpreting this Agreement. The language in all
parts of this Agreement shall be in all cases construed according to its fair meaning and not strictly for or against the Seller of the
Purchaser.

 
	13. 	Rights Cumulative

 

The rights and remedies provided by
this Agreement are cumulative, and the exercise of any right or remedy by either party hereto (or by its successor), whether pursuant
to this Agreement, to any other agreement, or to law, shall not preclude or waive its right to exercise any or all other rights and remedies.

 
	14. 	Non-Waiver of Rights

 

The failure or neglect of either party
hereto in any instance to exercise any right, power or privilege hereunder or under law shall constitute a waiver of any other right,
power or privilege or of the same right, power or privilege in any other instance. All waivers by either party hereto must be contained
in a written instrument signed by the party to be charged.

 
	15. 	Notices

 

Any and all notices or other communication provided for
herein, shall be given by registered or certified mail, return receipt requested, to the parties at the
addresses given below: 

 

	 	Purchaser:	Motos America Inc.
	 	 	510 So. 200 West
	 	 	Suite 110
	 	 	Salt Lake City, UT 84101
	 	 	 
	 	Seller:	Vance Harrison
	 	 	2346 East 3395
	 	 	South Salt Lake City, UT 84109
	 	 	vance@motosamerica.com
	 	 	801-541-1977

 

 

 

 

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	16.	Arbitration

 

Any controversy, claim or dispute arising
out of or relating to this Agreement, between the parties hereto, their assignees, their affiliates, their attorneys, or agents, shall
be settled by arbitration in Salt Lake City, Utah. Such arbitration shall be conducted in accordance with the then prevailing commercial
arbitration rules of the American Arbitration Association, but the arbitration shall be in front of an arbitrator, with the following
exceptions if in conflict: (a) one arbitrator shall be chosen by mutual consent of the Purchaser and the Seller; (b) each party to the
arbitration will pay its pro rata share of the expenses and fees of the arbitrator(s), together with other expenses of the arbitration
incurred or approved by the arbitrator(s); and (c) arbitration may proceed in the absence of any party if written notice of the proceedings
has been given to such party. The parties agree to abide by all decisions and awards rendered in such proceedings. Such decisions and
awards rendered by the arbitrator shall be final and conclusive and may be entered in any court having jurisdiction thereof as a basis
of judgment and of the issuance of execution for its collection. All such controversies, claims or disputes shall be settled in this
manner in lieu of any action at law or equity; provided however, that nothing in this subsection shall be construed as precluding the
Company from bringing an action for injunctive relief or other equitable relief or relief under the Confidential Information and Invention
Assignment Agreement. The arbitrator shall not have the right to award punitive damages, consequential damages, lost profits or speculative
damages to either party. The parties shall keep confidential the existence of the claim, controversy or disputes from third parties (other
than the arbitrator), and the determination thereof, unless otherwise required by law or necessary for the business of the Company. The
arbitrator(s) shall be required to follow applicable law.

 

IF FOR ANY REASON THIS ARBITRATION
CLAUSE BECOMES NOT APPLICABLE, THEN EACH PARTY, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY IRREVOCABLY WAIVES ALL RIGHT
TO TRIAL BY JURY AS TO ANY ISSUE RELATING HERETO IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT
OR ANY OTHER MATTER INVOLVING THE PARTIES HERETO.

 
	17.	Miscellaneous

 

		a.	Time is of the essence in this Agreement.

 

		b.	This Agreement may be executed in counterparts. Facsimile signatures are binding
and are considered to be original signatures.

 

		c.	All warranties and representations of the Seller and the Purchaser connected with
this Agreement will survive the Closing.

 

		d.	This Agreement will not be assigned either in whole or in part by any party to
this Agreement without the written consent of the other party.

 

		e.	Headings are inserted for the convenience of the parties only and are not to be
considered when interpreting this Agreement. Words in the singular mean and include the plural and vice versa. Words in the masculine
gender include the feminine gender and vice versa. Words in the neuter gender include the masculine gender and the feminine gender and
vice versa.

 

		f.	All warranties and representations of Seller and Purchaser connected with this
Agreement will survive the Closing.

 

		g.	If any term, covenant, condition or provision of this Agreement is held by a court
of competent jurisdiction to be invalid, void or unenforceable, it is the parties' intent that such provision be reduced in scope by the
court only to the extent deemed necessary by that court to render the provision reasonable and enforceable and the remainder of the provisions
of this Agreement will in no way be affected, impaired or invalidated as a result.

 

 

 

 

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		h.	This Agreement contains the entire agreement between the parties. All negotiations
and understandings have been included in this Agreement. Statements or representations which may have been made by any party to this Agreement in the negotiation
stages of this Agreement may in some way be inconsistent with this final written Agreement. All such statements are declared to be of
no value in this Agreement. Only the written terms of this Agreement will bind the parties.

 

		i.	This Agreement and the terms and conditions contained in this Agreement apply to and are binding upon Seller and Purchaser and their respective successors, assigns, executors, administrators, beneficiaries, and
                                                              representatives.

 

		j.	All the rights, remedies and benefits provided by this Agreement will be cumulative and will not be exclusive
of any other such rights, remedies and benefits allowed by law.

 

IN WITNESS HEREOF, each party to this Agreement
has caused it to be executed at Salt Lake City on the date indicated below.

 

Purchaser:

Motos America Inc.

By Resolution of the Board of Directors

 

 

	 	 	DATE:	 
	Affirmed by Terina Liddiard, Secretary 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	Seller	 	 	 
	 	 	 	 
	 	 	DATE:	 
	Vance B. Harrison	 	 	 

 

 

 

 

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Exhibit 1

Portland Financial Statement 2/28/2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Exhibit 2

Eugene Financial Statement 2/28/2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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    	 	10Exhibit 4.5

 

DESCRIPTION OF THE REGISTRANT’S SECURITIES
REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

 

As of December 31, 2021, 26
Capital Acquisition Corp. (“we,” “our,” “us” or the “Company”) had the following three
classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”):
(i) its units, consisting of one share of Class A common stock (as defined below) and one-half of
one redeemable warrant (as defined below), with each whole warrant entitling the holder thereof to purchase one share of Class A common
stock (the “units”), (ii) its Class A common stock, $0.0001 par value per share (“Class A common stock”), and
(iii) its public warrants, with each whole warrant exercisable for one share of Class A common stock for $11.50 per share (the “warrants”).

 

Pursuant to our amended and
restated certificate of incorporation, our authorized capital stock consists of 110,000,000 shares of common stock, including 100,000,000
shares of Class A common stock, $0.0001 par value and 10,000,000 shares of Class B common stock, $0.0001 par value, and 1,000,000
shares of undesignated preferred stock, $0.0001 par value. The following description summarizes the material terms of our capital stock
and does not purport to be complete. It is subject to, and qualified in its entirety by reference to, our amended and restated certificate
of incorporation and our warrant agreement, each of which is incorporated by reference as an exhibit to our Annual Report on Form 10-K
for the year ended December 31, 2021 (the “Report”) of which this Exhibit 4.5 is a part.

 

Defined terms used herein
but not otherwise defined shall have the meaning ascribed to such terms in the Report.

 

Units

 

Each unit consists of one whole
share of Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase
one share of our Class A common stock at a price of $11.50 per share. Pursuant to the warrant agreement, a warrantholder may exercise
its warrants only for a whole number of shares of Class A common stock.

 

Class A Common Stock

 

Common stockholders of record
are entitled to one vote for each share held on all matters to be voted on by stockholders. Holders of the Class A common stock and
holders of the Class B common stock vote together as a single class on all matters submitted to a vote of our stockholders, except
as required by law. Unless specified in our amended and restated certificate of incorporation or bylaws, or as required by applicable
provisions of the DGCL or applicable stock exchange rules, the affirmative vote of a majority of our shares of common stock that are voted
is required to approve any such matter voted on by our stockholders. Our board of directors is divided into three classes, each of which
will generally serve for a term of three years with only one class of directors being elected in each year. There is no cumulative voting
with respect to the election of directors, with the result that the holders of more than 50% of the shares voted for the election of directors
can elect all of the directors. Our stockholders are entitled to receive ratable dividends when, as and if declared by the board of directors
out of funds legally available therefor.

 

We will provide our stockholders
with the opportunity to redeem all or a portion of their public shares upon the completion of our initial business combination at a per-share price,
payable in cash, equal to the aggregate amount then on deposit in the trust account as of two business days prior to the consummation
of our initial business combination including interest earned on the funds held in the trust account and not previously released to us
to pay our taxes, divided by the number of then outstanding public shares, subject to the limitations described herein. Our sponsor, officers
and directors have entered into a letter agreement with us, pursuant to which they have agreed to waive their redemption rights with respect
to any founder shares and any public shares held by them in connection with the completion of our initial business combination.

 

If we seek stockholder approval
of our initial business combination and we do not conduct redemptions in connection with our initial business combination pursuant to
the tender offer rules, our amended and restated certificate of incorporation will provide that a public stockholder, together with any
affiliate of such stockholder or any other person with whom such stockholder is acting in concert or as a “group” (as defined
under Section 13 of the Exchange Act), will be restricted from redeeming its shares with respect to more than an aggregate of
15% of the shares of common stock sold in our initial public offering, which we refer to as the Excess Shares. However, we would not be
restricting our stockholders’ ability to vote all of their shares (including Excess Shares) for or against our initial business
combination. Our stockholders’ inability to redeem the Excess Shares will reduce their influence over our ability to complete our
initial business combination, and such stockholders could suffer a material loss in their investment if they sell such Excess Shares on
the open market. Additionally, such stockholders will not receive redemption distributions with respect to the Excess Shares if we complete
the initial business combination. And, as a result, such stockholders will continue to hold that number of shares exceeding 15% and, in
order to dispose such shares would be required to sell their stock in open market transactions, potentially at a loss.

 

     

     

    

 

In the event of a liquidation,
dissolution or winding up of the company after an initial business combination, our stockholders are entitled to share ratably in all
assets remaining available for distribution to them after payment of liabilities and after provision is made for each class of stock,
if any, having preference over the common stock. Our stockholders have no preemptive or other subscription rights. There are no sinking
fund provisions applicable to the common stock, except that we will provide our stockholders with the opportunity to redeem their public
shares for cash equal to their pro rata share of the aggregate amount then on deposit in the trust account, upon the completion of our
initial business combination, subject to the limitations described in the Report.

 

Redeemable Warrants

 

Each whole warrant entitles
the registered holder to purchase one whole share of our Class A common stock at a price of $11.50 per share, subject to adjustment
as discussed below, at any time commencing on the later of January 20, 2022 or 30 days after the completion of our initial business
combination. Pursuant to the warrant agreement, a warrantholder may exercise its warrants only for a whole number of shares of Class A
common stock.

 

The warrants will expire five
years after the completion of our initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.

 

We will not be obligated to
deliver any shares of Class A common stock pursuant to the exercise of a warrant and will have no obligation to settle such warrant
exercise unless a registration statement under the Securities Act with respect to the shares of Class A common stock underlying the
warrants is then effective and a prospectus relating thereto is current, subject to our satisfying our obligations described below with
respect to registration. No warrant will be exercisable and we will not be obligated to issue shares of Class A common stock upon
exercise of a warrant unless Class A common stock issuable upon such warrant exercise has been registered, qualified or deemed to
be exempt under the securities laws of the state of residence of the registered holder of the warrants. In the event that the conditions
in the two immediately preceding sentences are not satisfied with respect to a warrant, the holder of such warrant will not be entitled
to exercise such warrant and such warrant may have no value and expire worthless. In no event will we be required to net cash settle any
warrant. In the event that a registration statement is not effective for the exercised warrants, the purchaser of a unit containing such
warrant will have paid the full purchase price for the unit solely for the share of Class A common stock underlying such unit.

 

We
have agreed that as soon as practicable, but in no event later than 15 business days after the closing of our initial business combination,
we will use our best efforts to file with the SEC a registration statement covering the shares of Class A common stock issuable upon
exercise of the warrants, to cause such registration statement to become effective and to maintain a current prospectus relating to those
shares of Class A common stock until the warrants expire or are redeemed, as specified in the warrant agreement. If a registration
statement covering the shares of Class A common stock issuable upon exercise of the warrants is not effective by the 60th business
day after the closing of our initial business combination, warrantholders may, until such time as there is an effective registration statement
and during any period when we will have failed to maintain an effective registration statement, exercise warrants on a “cashless
basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption. Notwithstanding the foregoing, if a registration
statement covering the Class A common stock issuable upon exercise of the warrants is not effective within a specified period following
the consummation of our initial business combination, warrant holders may, until such time as there is an effective registration statement
and during any period when we shall have failed to maintain an effective registration statement, exercise warrants on a cashless basis
pursuant to the exemption provided by Section 3(a)(9) of the Securities Act of 1933, as amended, or the Securities Act, provided
that such exemption is available. If that exemption, or another exemption, is not available, holders will not be able to exercise their
warrants on a cashless basis.

 

Once the warrants become exercisable,
we may call the warrants for redemption:

 

		·	in whole and not in part;

 

		·	at a price of $0.01 per warrant;

 

     

     

    

 

		·	upon not less than 30 days’ prior written
notice of redemption (the “30-day redemption period”) to each warrantholder; and

 

		·	if, and only if, the reported last sale price
of the Class A common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations
and the like) for any 20 trading days within a 30-trading day period commencing once the warrants become exercisable and ending three
business days before we send the notice of redemption to the warrantholders.

 

If and when the warrants become
redeemable by us, we may not exercise our redemption right if the issuance of shares of common stock upon exercise of the warrants is
not exempt from registration or qualification under applicable state blue sky laws or we are unable to effect such registration or qualification.
We will use our best efforts to register or qualify such shares of common stock under the blue sky laws of the state of residence in those
states in which the warrants were offered by us in our initial public offering.

 

If we call the warrants for
redemption as described above, our management will have the option to require any holder that wishes to exercise its warrant to do so
on a “cashless basis.” In determining whether to require all holders to exercise their warrants on a “cashless basis,”
our management will consider, among other factors, our cash position, the number of warrants that are outstanding and the dilutive effect
on our stockholders of issuing the maximum number of shares of Class A common stock issuable upon the exercise of our warrants. If
our management takes advantage of this option, all holders of warrants would pay the exercise price by surrendering their warrants for
that number of shares of Class A common stock equal to the quotient obtained by dividing (x) the product of the number of shares
of Class A common stock underlying the warrants, multiplied by the difference between the exercise price of the warrants and the
“fair market value” (defined below) by (y) the fair market value. The “fair market value” shall mean the
average reported last sale price of the Class A common stock for the 10 trading days ending on the third trading day prior to the
date on which the notice of redemption is sent to the holders of warrants. If our management takes advantage of this option, the notice
of redemption will contain the information necessary to calculate the number of shares of Class A common stock to be received upon
exercise of the warrants, including the “fair market value” in such case. Requiring a cashless exercise in this manner will
reduce the number of shares to be issued and thereby lessen the dilutive effect of a warrant redemption. We believe this feature is an
attractive option to us if we do not need the cash from the exercise of the warrants after our initial business combination. If we call
our warrants for redemption and our management does not take advantage of this option, our sponsor and its permitted transferees would
still be entitled to exercise their private placement warrants for cash or on a cashless basis using the same formula described above
that other warrantholders would have been required to use had all warrantholders been required to exercise their warrants on a cashless
basis, as described in more detail below.

 

A holder of a warrant may notify
us in writing in the event it elects to be subject to a requirement that such holder will not have the right to exercise such warrant,
to the extent that after giving effect to such exercise, such person (together with such person’s affiliates), to the warrant agent’s
actual knowledge, would beneficially own in excess of 4.9% or 9.8% (or such other amount as a holder may specify) of the shares of Class A
common stock outstanding immediately after giving effect to such exercise.

 

The warrants have certain anti-dilution
and adjustments rights upon certain events.

 

The warrants will be issued
in registered form under a warrant agreement between Continental Stock Transfer & Trust Company, as warrant agent, and us. You
should review a copy of the warrant agreement, which was filed with the Registration Statement, for a complete description of the terms
and conditions applicable to the warrants. The warrant agreement provides that the terms of the warrants may be amended without the consent
of any holder to cure any ambiguity or correct any mistake, including to conform the provisions of the warrant agreement to the description
of the terms of the warrants and the warrant agreement set forth in this Report, or to correct any defective provision, but requires the
approval by the holders of at least a majority of the then outstanding public warrants to make any change that adversely affects the interests
of the registered holders of public warrants.

 

The warrants may be exercised
upon surrender of the warrant certificate on or prior to the expiration date at the offices of the warrant agent, with the exercise form
on the reverse side of the warrant certificate completed and executed as indicated, accompanied by full payment of the exercise price
(or on a cashless basis, if applicable), by certified or official bank check payable to us, for the number of warrants being exercised.
The warrantholders do not have the rights or privileges of holders of Class A common stock and any voting rights until they exercise
their warrants and receive shares of Class A common stock. After the issuance of shares of Class A common stock upon exercise
of the warrants, each holder will be entitled to one (1) vote for each share held of record on all matters to be voted on by stockholders.

 

In addition, if (x) we
issue additional shares of Class A common stock or equity-linked securities for capital raising purposes in connection with
the closing of our initial business combination at a Newly Issued Price of less than $9.20 per share of Class A common stock (with
such issue price or effective issue price to be determined in good faith by our board of directors and, in the case of any such issuance
to our sponsor or its affiliates, without taking into account any founder shares held by our sponsor or such affiliates, as applicable,
prior to such issuance), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds,
and interest thereon, available for the funding of our initial business combination on the date of the consummation of our initial business
combination (net of redemptions), and (z) the Market Value is below $9.20 per share, the exercise price of the warrants will be adjusted
(to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, and the $18.00 per share redemption
trigger price described above will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly
Issued Price.

 

No fractional shares will be
issued upon exercise of the warrants. If, upon exercise of the warrants, a holder would be entitled to receive a fractional interest in
a share, we will, upon exercise, round down to the nearest whole number of shares of Class A common stock to be issued to the warrantholder.

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