Document:

Exhibit 10.2

 

SEPARATION AGREEMENT

 

THIS SEPARATION
AGREEMENT (the “Agreement”) is entered into as of March 28, 2022 (the “Effective Date”), by
and among TriNet USA, Inc., a Delaware corporation (together with its affiliates, successors and assigns, the “Company”),
and Olivier H. Kohler (the “Executive”).

 

RECITALS

 

WHEREAS, the Executive
is currently serving as an employee of the Company and the Executive Vice President and Chief Operating Officer of TriNet Group, Inc.
pursuant to the Second Amended and Restated Employment Agreement entered into by the Company and the Executive as of July 25, 2020 (the
 “Employment Agreement”);

 

WHEREAS, the Executive
and the Company have mutually agreed to provide for an orderly transition of the Executive’s duties and responsibilities, and the
Executive desires to assist the Company in realizing such an orderly transition;

 

WHEREAS, the Executive
and the Company mutually desire that the Executive continues in his current role, with the Executive’s current roles and responsibilities,
except as otherwise provided herein, until the Separation Date defined below;

 

WHEREAS, in furtherance
of the foregoing, the Executive and the Company have negotiated and reached an agreement with respect to all rights, duties and obligations
arising between them, including, but in no way limited to, any rights, duties and obligations that have arisen or might arise out of or
are in any way related to the Executive’s continued employment with the Company and the conclusion of that employment.

 

NOW THEREFORE,
in consideration of the covenants and mutual promises recited below, the parties agree as follows:

 

1.         Separation
from Employment. Executive shall continue to serve as Executive Vice President and Chief Operating Officer in all respects until
June 30, 2022 (the “Separation Date”), which will be the Executive’s last day of employment with the Company.
Notwithstanding the foregoing, upon direction of the Company (A) the Executive shall resign from the position of Executive Vice President
and Chief Operating Officer which may occur prior to the Separation Date, and (B) the Executive shall assist in the transition of the
Executive’s duties; provided in each case that, the Executive hereby waives any claims under the Severance Plan (as defined
below) or otherwise that are based on good reason. In the event that the Executive does resign prior to June 30, 2022, upon direction
of the Company as contemplated in this Section 1, the date of such resignation date shall become the Separation Date for the purposes
of this Agreement.

 

2.         Compensation.
As compensation for the Executive’s continuing employment and service hereunder, in recognition of the Executive’s contributions
to the Company, and as consideration for the Release (as defined below), and the respective terms and conditions thereof, and the other
promises of the Executive contained in this Agreement, which shall be deemed to include the Executive’s agreement to (A) remain
in the employ of the Company as described above through the Separation Date, (B) timely and accurately respond to other matters involving
the Company about which the Executive has or may have personal knowledge (other than the Executive’s separation or any other claim
the Executive may bring against the Company that is not released under the Release), (C) comply with the Company’s Business Ethics
and Code of Conduct Policy and other policies relating to conduct, as in effect from time to time and applicable to its senior management
colleagues, and (D) subject to Section 7(a) below, comply with all covenants to which the Executive has agreed as part of his employment
with the Company, including, but not limited to, the Restrictive Covenants in the Executive’s TriNet equity awards granted under
the Company’s equity compensation plans on 3/18/19, 2/28/2020, 7/27/20, 3/15/21 a nd at any time through the Separation Date and
the Proprietary Information and Invention Agreement with the Executive as set forth in Annex A to the Employment Agreement (the “Proprietary
Information Agreement”) (the covenants described in the immediately preceding clauses (A) through (D) are collectively referred
to herein as the “Covenants”); provided, that the Executive timely signs and returns this Agreement, complies
with Sections 8, 10, and 14 below, among others, and does not revoke the Release, the Company will provide the Executive with the following
compensation and benefits:

 

(a)   Base
Salary and Benefit Plan Participation. Until the Separation Date, the Executive will (i) receive his base salary as in effect
on the Effective Date and (ii) participate in the Company’s retirement and welfare benefit plans, perquisite programs, expense
reimbursement and paid time off or vacation policies, as such plans, programs and policies may be in effect from time to time (collectively,
the “Plans”). For any expense reimbursement requests the Executive does not submit via the TriNet Expense site before
the Separation Date, within 10 calendar days of the Separation Date, the Executive shall submit them via email to Maureen.kleven@trinet.com
for review/approval by the CEO, with a spreadsheet documenting the final expense reimbursement request for expenses incurred through
the Separation Date. For each expense, the Executive shall provide the merchant’s name, expense type, expense amount, client, attendee(s),
and relevant notes, and the Executive shall include all relevant receipts with the email. The final expense request shall be reviewed
for accuracy and policy compliance and processed in accordance with TriNet’s regular practice. The Executive shall receive any
reimbursement owed by check sent to his last known mailing address.

 

     

     

    

 

(b)   Benefits
Upon Separation Date. The Executive shall receive the benefits prescribed under the TriNet Group, Inc. Amended and Restated Executive
Severance Benefit Plan (the “Severance Plan”), subject to the terms and conditions of the Severance Plan. Nothing
in the Severance Plan shall limit the obligations of the Executive toward the Company under this Agreement, including without limitation
the Executive’s obligations with respect to return of Company property, confidential information and intellectual property.

 

3.         Employment
Location. Except as set forth herein, until the Separation Date the Executive may continue to perform his duties as Executive
Vice President and Chief Operating Officer from any location in the United States.

 

4.         No
Additional Entitlements. The Executive understands and acknowledges that he will have no further entitlements, other than (a)
as provided in Section 2(b) and otherwise under this Agreement and (b) accrued rights and entitlements that have vested as of the Separation
Date under the Plans. The Executive hereby acknowledges that the Executive has no interest in or claim of right to reinstatement, reemployment
or employment with the Company, and the Executive forever waives any interest in or claim of right to any future employment by the Company.

 

5.          Withholding.
All payments required to be made by the Company hereunder to the Executive shall be subject to withholding of such amounts relating to
taxes as the Company may reasonably determine it should withhold pursuant to any applicable law or regulation.

 

6.         Section
409A Compliance. It is intended that any amounts payable under this Agreement and the Company’s and the Executive’s
exercise of authority or discretion hereunder shall be exempt from or comply with the provisions of Internal Revenue Code Section 409A
and the treasury regulations and guidance there under (“Section 409A”) whether pursuant to the short-term deferral
exception under Treasury Regulation Section 1.409A- 1(b)(4), the involuntary separation pay play exception under Treasury Regulation
Section 1.409A-1(b)(9)(iii), or otherwise, so as not to subject the Executive to the payment of interest and tax penalty which may be
imposed under Section 409A. Notwithstanding anything contained herein to the contrary, if, at the Executive’s separation from service,
(a) the Executive is a specified employee as defined in Section 409A and (b) any of the payments or benefits provided hereunder constitute
deferred compensation under Section 409A, then, and only to the extent required by such provisions, the date of payment of such payments
or benefits otherwise provided shall be delayed for a period of six months following the separation from service, and any amounts so
delayed shall be paid during the seventh month following separation from service. Any reimbursement amounts payable under this Agreement
shall be paid promptly after receipt of a properly documented request for reimbursement from the Executive, provided no amount shall
be paid later than December 31 of the year following the year during which the reimbursable amounts were incurred by the Executive.

 

 7.         Executive Protections; Defend Trade Secrets Act.

 

(a)    Nothing
in this Agreement or otherwise limits the Executive’s ability to communicate directly with and provide information, including documents,
not otherwise protected from disclosure by any applicable law or privilege to the Securities and Exchange Commission (the “SEC”),
or any other federal, state or local governmental agency or commission or self-regulatory organization (each such agency, commission
or organization, a “Government Agency”) regarding possible legal violations, without disclosure to the Company. The
Company may not retaliate against the Executive for any of these activities, and nothing in this Agreement requires the Executive to
waive any monetary award or other relief that the Executive might become entitled to from the SEC or any other Government Agency.

 

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(b)   Pursuant
to the Defend Trade Secrets Act of 2016, the Executive and the Company acknowledge and agree that the Executive shall not have criminal
or civil liability under any federal or state trade secret law for the disclosure of a trade secret that (i) is made (A) in confidence
to a federal, state, or local government official, either directly or indirectly, or to an attorney and (B) solely for the purpose of
reporting or investigating a suspected violation of law; or (ii) is made in a complaint or other document filed in a lawsuit or other
proceeding, if such filing is made under seal. In addition and without limiting the preceding sentence, if the Executive files a lawsuit
for retaliation by the Company for reporting a suspected violation of law, the Executive may disclose the trade secret to the Executive’s
attorney and may use the trade secret information in the court proceeding, if the Executive (X) files any document containing the trade
secret under seal and (Y) does not disclose the trade secret, except pursuant to court order.

 

8.          Execution of Agreement; Release of Claims. The payments and benefits to the Executive pursuant to this Agreement
are contingent upon (a) the Executive executing and delivering to the Company this Agreement and a release of claims in the form attached
to this Agreement as Appendix A (the “Release”), the latter to be executed and delivered on or within
twenty-one (21) days after the Separation Date, but not sooner than December 31, 2022, and (b) the Executive not revoking the Release.
The parties agree that the Executive’s execution and non-revocation of the Release under this Section 8 shall constitute execution
and non-revocation of the Release referenced in Section 5(a) of the Severance Plan.

 

9.          Return
of Property. Subject to Section 7(a) hereof, on or prior to the Separation Date, the Executive will return all of the Company’s
property. Such property includes, but is not limited to, the original and any copies of any confidential information or trade secrets,
keys, pass cards, building identity cards, mobile telephones, tablet devices, corporate credit cards, customer lists, files, brochures,
documents or computer disks or printouts, equipment and any other item relating to the Company and its business, provided that it would
not be a violation of this Section 9 for the Executive to retain copies of publicly-filed documents. Further, other than in the performance
of the Executive’s duties and subject to Section 7(a) hereof, the Executive will not take, procure, or copy any property of the
Company before, on, after or in anticipation of the Separation Date. For purposes of this Section 9, “Company” shall include
the Company, its subsidiaries and affiliates.

 

10.       Cooperation.
Subject to Section 7(a) hereof, in consideration for the promises and payments by the Company pursuant to this Agreement, at the request
of the Company, the Executive agrees to timely and accurately respond to reasonable requests by the Company to the extent reasonably
possible with respect to the transition of the Executive’s duties following the Separation date and other matters involving the
Company about which the Executive has or may have personal knowledge (other than the Executive’s separation or any other claim
the Executive may bring against the Company that is not released under the Releases), including any such matters which may arise after
the Separation Date; provided that the Company shall reimburse the Executive for any out-of-pocket expenses reasonably related
to such requests that are approved by the Company in advance; provided, further, that, if the incurrence of such expenses
is necessary for the Executive to comply with the terms of this Section 10, the Executive shall not be required to comply with this Section
10 until such approval is granted. For purposes of this Section 10, “Company” shall include the Company, its subsidiaries
and affiliates.

 

11.       Resignations.
Effective as of the Separation Date, unless otherwise requested by the Company in writing, the Executive will, automatically and without
further action on the part of the Executive or any other person or entity, resign from all offices, boards of directors (or similar governing
bodies), committees of such boards of directors (or similar governing bodies) and committees of the Company, its subsidiaries and affiliates,
other than the office of Vice President of the Company, from which office the Executive will automatically and without further action
on the part of the Executive or any other person or entity, resign on the Separation Date. In addition, and without limiting the effectiveness
of the resignations in the immediately preceding sentence, upon request of the Company, effective on the Separation Date, the Executive
will execute and deliver to the Company a written resignation from his position as Executive Vice President and Chief Operating Officer
of the Company. The Executive agrees that he shall execute any such further documents and instruments as may be reasonably necessary
or appropriate to carry out the intent of this Section 11.

 

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12.       Non-Reliance.
The Executive represents to the Company and the Company represents to the Executive that in executing this Agreement they do not
rely and have not relied upon any representation or statement not set forth herein made by the other or by any of the other’s agents,
representatives or attorneys with regard to the subject matter, basis or effect of this Agreement, or otherwise. The Executive (a) has
reviewed with his own advisors the tax and legal consequences of entering into and the payments under this Agreement, (b) is relying
solely on such advisors and not on any statements or representations of the Company, its agents or advisors, and (c) understands that
he (and not the Company) shall be responsible for his own tax liability that may arise as a result of entering into and the payments
under this Agreement, other than the Company’s liability with respect to any required tax withholdings thereon.

 

13.       Assignability.
The rights and benefits under this Agreement are personal to the Executive and such rights and benefits shall not be subject to assignment,
alienation or transfer, except to the extent such rights and benefits are lawfully available to the estate or beneficiaries of the Executive
upon death. The Company may assign this Agreement to any parent, affiliate or subsidiary and shall require any entity which at any time
becomes a successor whether by merger, purchase, or otherwise acquires all or substantially all of the assets, stock or business of the
Company, to expressly assume this Agreement.

 

14.       Confidentiality,
Intellectual Property, Non-Solicitation and Non-Disparagement. Subject to Section 7(a) hereof, the Company and the Executive
acknowledge and agree that the provisions of the Proprietary Information Agreement, and all other Covenants shall continue to apply to
the Executive prior to and after the Separation Date as if fully set forth in this Agreement. In addition, and in consideration of the
compensation described in Section 2 hereof, and the Company’s commitments hereunder, the Company and the Executive also agree,
subject to Section 7(a) hereof, as follows:

 

(a)    Non-Solicitation.
The Executive acknowledges that the provisions of the Proprietary Information Agreement relating to non-solicitation of employees shall
apply for a period of twelve months following the Separation Date.

 

 (b)   Non-Disparagement. At all times on and after the Effective Date, the Executive will not disparage, place in a false or negative light or criticize, or make any false statements that may damage the reputation of, orally or in writing, the business, products, policies, decisions, directors, officers or employees of the Company to any person; provided, however, that (i) this provision shall not apply to any truthful statements as may be required by the Executive in the course of his duties; provided, further, that this provision shall not apply to any truthful statements made by the Executive to the Board (or a committee or subcommittee of the Board) if such statements are provided at the request of the Board (or a committee or subcommittee thereof) in the course of carrying out its duties and responsibilities and (ii) that the Executive may respond accurately and fully to any question, inquiry, or request for information when required by legal process or in response to a governmental inquiry.

 

(c)    Injunctive Relief. It is recognized and acknowledged by the Executive that a breach of the covenants contained in
this Section 14 will cause irreparable damage to the Company, its subsidiaries and affiliates and their respective goodwill, the exact
amount of which will be difficult or impossible to ascertain, and that the remedies at law for any such breach will be inadequate. Accordingly,
the Executive agrees that in the event of a breach of any of the covenants contained in this Section 14, in addition to any other remedy
which may be available at law or in equity, the Company will be entitled to specific performance and injunctive relief. The Executive
agrees not to raise as a defense or objection to the request or granting of such relief that any breach of this Agreement is or would
be compensable by an award of money damages, and the Executive agrees to waive any requirements for the securing or posting of any bond
in connection with such remedy. For purposes of this Section 14, “Company” shall include the Company, its subsidiaries and
affiliates.

 

This Agreement does not, in
any way, restrict or impede the Executive from exercising protected rights, including those under the California Fair Employment and
Housing Act (FEHA), the National Labor Relations Act (NLRA), or the federal securities laws, including the Dodd-Frank Act, to the
extent that such rights cannot be waived by agreement or from complying with any applicable law or regulation or a valid order of a
court of competent jurisdiction or an authorized government agency; provided that such compliance does not exceed that required by
the law, regulation, or order. The Executive shall promptly provide written notice of any such order to the Company’s Chief
Legal Officer at Samantha.Wellington@TriNet.com.

 

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15.       Entire Agreement. The Executive acknowledges and agrees that this Agreement, together with the Appendices hereto
and the other documents, Company plans and Company policies referred to herein, including, without limitation the Proprietary Information
Agreement, any equity agreements and all agreements thereunder or related thereto to which the Executive is a party, constitute the entire
agreement and understanding between the parties and supersedes any prior agreements, written or oral, with respect to the subject matter
hereof, including the termination of the Executive’s employment after the Effective Date and all amounts to which the Executive
shall be entitled, other than as specifically provided in this Agreement. The Executive acknowledges and agrees that this Agreement supersedes
the terms regarding the Executive’s termination of employment set forth in the Employment Agreement, including without limitation
the severance benefits set forth therein.

 

16.       Severability/Reasonable
Alteration. In the event that any part or provision of this Agreement shall be held to be invalid or unenforceable by a court
of competent jurisdiction, the remaining provisions thereof shall nevertheless continue to be valid and enforceable as though the invalid
or unenforceable part or provision had not been included therein. Further, in the event that any part or provision hereof shall be declared
by a court of competent jurisdiction to exceed the maximum time period, scope or activity restriction that such court deems reasonable
and enforceable, then the parties expressly authorize the court to modify such part or provision so that it may be enforced to the maximum
extent permitted by law.

 

17.       No
Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the Executive and the Company
to express their mutual intent, and no rule of strict construction will be applied against the Executive or the Company.

 

18.       Insurance.
The Company presently maintains general liability insurance on an occurrence basis which covers the professional activities of professionals
of the Company. The Company will continue to provide such coverage for the past activities of the Executive to the same extent as such
coverage is provided with respect to the past activities of other former professionals of the Company.

 

19.       Applicable
Law, Venue and Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware,
without regard to conflicts of laws principles, rules or statutes of any jurisdiction. The parties irrevocably agree that all actions
to enforce an arbitrator’s decision pursuant to Section 21 of this Agreement may be instituted and litigated in federal, state
or local courts sitting in Santa Clara County, California and each of such parties hereby consents to the jurisdiction and venue of such
court, waives any objection based on forum non conveniens and any right to a jury trial as set forth in Section 20 of this Agreement.

 

20.       Reserved.

 

21.       Arbitration.
To provide a mechanism for rapid and economical dispute resolution, the Executive and the Company agree that any and all disputes, claims,
or causes of action, in law or equity, arising from or relating to this Agreement (including the Release) or its enforcement, performance,
breach, or interpretation, or arising from or relating to the Executive’s employment with the Company or the termination of the
Executive’s employment with the Company, will be resolved, to the fullest extent permitted by law, by final, binding, and confidential
arbitration held in Santa Clara County, California and conducted by JAMS, Inc. (“JAMS”), under its then applicable
JAMS Employment Arbitration Rules and Procedures. By agreeing to this arbitration procedure, both the Executive and the Company waive
the right to resolve any such dispute through a trial by jury or judge or by administrative proceeding. The Executive will have the right
to be represented by legal counsel at any arbitration proceeding at his expense. The arbitrator will: (a) have the authority to compel
adequate discovery for the resolution of the dispute and to award such relief as would otherwise be available under applicable law in
a court proceeding; and (b) issue a written statement signed by the arbitrator regarding the disposition of each claim and the relief,
if any, awarded as to each claim, the reasons for the award, and the arbitrator’s essential findings and conclusions on which the
award is based. The Company will bear all fees for the arbitration, except for any attorneys’ fees or costs associated with the
Executive’s personal representation. The arbitrator, and not a court, will also be authorized to determine whether the provisions
of this paragraph apply to a dispute, controversy or claim sought to be resolved in accordance with these arbitration procedures. Notwithstanding
the provisions of this paragraph, the parties are not prohibited from seeking injunctive relief in a court of appropriate jurisdiction
to prevent irreparable harm on any basis, pending the outcome of arbitration. Any awards or orders in such arbitrations may be entered
and enforced as judgments in the federal and the state courts of any competent jurisdiction.

 

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The parties agree that the arbitration
shall be kept confidential. The existence of the arbitration, any non-public information provided in the arbitration, and any submissions,
orders or awards made in the arbitration (together, the “Confidential Arbitration Information”) shall not be disclosed
to any non-party except the tribunal, JAMS, the parties, their counsel, experts, witnesses, accountants and auditors, insurers and reinsurers,
and any other person necessary to the conduct of the arbitration. Notwithstanding the foregoing, a party may disclose Confidential Arbitration
Information to the extent that disclosure may be required to fulfill a legal duty, protect or pursue a legal right, or enforce or challenge
an award in bona fide legal proceedings. This confidentiality provision survives termination of the contract and of any arbitration brought
pursuant to the contract.

 

22.       Severance
Plan Claims. Notwithstanding the foregoing Sections 19, 20 and 21, any claim for benefits under the Severance Plan shall be administered
under the terms of the Severance Plan.

 

23.       Counterparts
and Facsimiles. This Agreement may be executed in several counterparts, each of which shall be deemed as an original, but all
of which together shall constitute one and the same instrument. Signed copies of this Agreement may be delivered by .pdf, .jpeg or fax
and will be accepted as an original.

 

24.        Expenses.
Each of the Company and the Executive shall bear its/his own costs and expenses in connection with the negotiation and documentation
of this Agreement.

 

25.       No Reliance Upon Other Statements. This Agreement is entered into without reliance upon any statement or representation
of any party hereto or parties hereby released other than the statements and representations contained in writing in this Agreement.

 

26.       Amendment/Waiver.
This Agreement may not be modified without the express written consent of the parties hereto. Any failure by any party to enforce any
of its rights and privileges under this Agreement shall not be deemed to constitute waiver of any rights and privileges contained herein.

 

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27.       Notice.
Any notice to be given hereunder shall be in writing and shall be deemed given when mailed by certified mail, return receipt requested,
addressed as follows:

 

	To the Executive at:
	 
	The most recent address provided by the Executive to the Company
	 
	To the Company at:
	 
	
    TriNet Group Inc.

 One Park Plaza 

6th Floor

    Dublin, California 94568

    Attn: Samantha Wellington, SVP & Chief Legal Officer

 

28.       Company
Subsidiaries, Affiliates and Divisions. For purposes of this Agreement, references to “subsidiaries,” “affiliates”
or “divisions” of the Company shall mean and include those entities or persons publicly identified by the Company as a subsidiary,
affiliate or division of the Company and such other entities or persons actually known by the Executive to be a subsidiary, affiliate
or division of the Company.

 

[Signature Page Follows]

 

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IN WITNESS
WHEREOF, each of the parties hereto has duly executed this Separation Agreement as of the date and year first set forth above.

 

	 	TRINET GROUP INC.
	 	 
	 	By:	/s/ Burton M. Goldfield
	 	Its: President and Chief Executive Officer, Burton Goldfield

 

	 	EXECUTIVE
	 	 
	 	By:	  /s/
    Olivier H. Kohler
	 	 	  Olivier
    H. Kohler

 

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APPENDIX A

 

RELEASE AGREEMENT

 

This Release Agreement
(this “Agreement”) is entered into by Olivier H. Kohler (the “Executive”), on the one hand, and
TriNet Group, Inc. (the “Company”), on the other hand (the Executive and the Company are referred to collectively as
the “Parties”).

 

1.         Release.
In consideration of the compensation payable to the Executive under the terms and conditions of the Separation Agreement dated December
31, 2022, by and between the Executive and the Company (the “Separation Agreement”), and for other good and valuable
consideration, receipt of which is hereby acknowledged, the Executive, for the Executive and for the Executive’s heirs, executors,
administrators, trustees and legal representatives, and their respective successors and assigns (collectively, the “Releasors”),
hereby releases, remises, and acquits the Company and its subsidiaries and affiliates and all of their respective past, present and future
parent entities, subsidiaries, divisions, affiliates and related business entities, any of their respective assets, employee benefit
plans or funds, or past, present or future directors, officers, fiduciaries, agents, trustees, administrators, managers, supervisors,
shareholders, investors, employees, legal representatives, agents or counsel, and their respective successors and assigns, whether acting
on behalf of the Company or its subsidiaries or affiliates or, in their individual capacities (the “Released Party”
or “Released Parties”), from any and all claims, known or unknown, which the Releasors have or may have against any
Released Parties arising on or prior to the date that the Executive executes this Release, and any and all liability which any such Released
Party may have to the Releasors, whether denominated claims, demands, causes of action, obligations, damages or liabilities arising from
any and all bases, however denominated, including but not limited to (a) any claim under the Age Discrimination in Employment Act of
1967 (including the Older Workers Benefit Protection Act) (the “ADEA”), the Americans with Disabilities Act of 1990,
the Family and Medical Leave Act of 1993, the Civil Rights Act of 1964, the Civil Rights Act of 1991, Section 1981 of the Civil Rights
Act of 1866, the Equal Pay Act, the Lilly Ledbetter Fair Pay Act, the Immigration Reform and Control Act of 1986, the Employee Retirement
Income Security Act of 1974, (excluding claims for accrued, vested benefits under any employee benefit or pension plan of the Company,
subject to the terms and conditions of such plan and applicable law), the Uniform Trade Secrets Act, the Sarbanes-Oxley Act of 2002,
the Fair Labor Standards Act, the California Fair Employment and Housing Act, the Unruh Civil Rights Act, the California Family Rights
Act, and the California Labor, Government, and Business and Professions Codes, all as amended; (b) any and all claims arising from or
relating to, as applicable, the Executive’s service as an officer of the Company or any of its subsidiaries or affiliates and the
termination or resignation of such officer positions, or the Executive’s employment with the Company or the termination of such
employment; (c) all claims related to the Executive’s compensation or benefits from the Company or the Released Parties, including
salary, bonuses, commissions, vacation pay, leave pay, expense reimbursements, severance pay, fringe benefits, stock, stock options,
or any other ownership interests in the Company or the Released Parties; (d) all claims for breach of contract, wrongful termination
and breach of the implied covenant of good faith and fair dealing; (e) all tort claims, including claims for fraud, defamation, privacy
rights, emotional distress, and discharge in violation of public policy and all other claims under common law; and (f) all federal, state
and local statutory or constitutional claims, including claims for compensation, discrimination, harassment, whistleblower protection,
retaliation, attorneys’ fees, costs, disbursements, or other claims (referred to collectively as the “Released Claims”).

 

The Executive expressly waives all
rights afforded by Section 1542 of the Civil Code of the State of California, which states as follows: “A general release does
not extend to claims which the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing
the release, which if known by him or her must have materially affected his or her settlement with the debtor or released party.”
The Executive understands the significance of the Executive’s release of unknown claims and waiver of statutory protection against
a release of unknown claims. The Executive expressly assumes the risk of such unknown and unanticipated claims and agrees that this Release
applies to all Released Claims, whether known, unknown or unanticipated.

 

Notwithstanding the foregoing,
this Release does not release claims that cannot be released as a matter of law, including any right to file a civil action or
complaint with, or otherwise notify, a state agency, other public prosecutor, law enforcement agency, or any court or other
governmental entity alleging claims or a violation of rights under the California Fair Employment and Housing Act
(“FEHA”), as well as any right to file a charge with or participate in a charge by the Equal Employment
Opportunity Commission (“EEOC”), the Department of Labor, or any other local, state, or federal administrative
body or government agency that is authorized to enforce or administer laws related to employment, against the Company. However, by
executing this Release, the Executive hereby waives the right to monetary recovery from the Company, no matter how denominated,
including, but not limited to, wages, back pay, front pay, compensatory damages or punitive damages, in any proceeding the Executive
may bring before the EEOC or any state human rights commission or in any proceeding brought by the EEOC or any state human rights
commission on the Executive’s behalf except to the extent that any right to such recovery arises under the FEHA.

 

    Appendix A – Release Agreement 
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In addition, this Release shall
not apply to (a) the Executive’s rights under any written agreement between the Executive and the Company that provides for indemnification,
the Executive’s rights, if any, to be covered under any applicable insurance policy with respect to any liability the Executive
incurred or might incur as an employee, officer or director of the Company, or the Executive’s rights, if any, to indemnification
under the by-laws or articles of incorporation of the Company; (b) any right the Executive may have to obtain contribution as permitted
by law in the event of entry of judgment against the Executive as a result of any act or failure to act for which the Executive, on the
one hand, and Company or any other Released Party, on the other hand, are jointly liable; (c) the Executive’s right to enforce the
Transition Agreement or (d) the Executive’s rights, if any, under any equity awards of the Company.

 

Notwithstanding the foregoing, the
Executive understands the significance of the Executive’s release of unknown claims and waiver of statutory protection against a
release of unknown claims. The Executive expressly assumes the risk of such unknown and unanticipated claims and agrees that this Release
applies to all Released Claims, whether known, unknown or unanticipated, except as otherwise expressly set forth herein.

 

2.         ADEA
Waiver. The Executive acknowledges that the Executive is knowingly and voluntarily waiving and releasing any rights the Executive
may have under the ADEA, as amended. The Executive also acknowledges that the consideration given for the waiver and release herein is
in addition to anything of value to which the Executive was already entitled. The Executive further acknowledges that the Executive has
been advised by this writing, as required by the ADEA, that: (a) the Executive’s waiver and release do not apply to any rights
or claims that may arise after the execution date of this Agreement; (b) the Executive has been advised hereby that the Executive has
the right to consult with an attorney prior to executing this Agreement; (c) the Executive has up to twenty-one (21) days from the date
of this Agreement to execute it (although he may choose to voluntarily execute this Agreement earlier); (d) the Executive has seven (7)
days following the execution of this Agreement by the parties to revoke the Agreement; and (e) this Agreement will not be effective until
the date upon which the revocation period has expired, which will be the eighth day after this Agreement is executed by the Executive,
provided that the Company has also executed this Agreement by that date (“Effective Date”); and (f) this Agreement does not
affect the Executive’s ability to test the knowing and voluntary nature of this Agreement.

 

3.         No
Actions or Claims. Subject to Section 7(a) of the Separation Agreement, the Executive represents that the Executive has
not filed any charges, complaints, grievances, arbitrations, lawsuits, or claims against the Company, with any local, state or federal
agency, union or court from the beginning of time to the date of execution of this Agreement and that the Executive will not do so at
any time hereafter, based upon events occurring prior to the date of execution of this Agreement. In the event any agency, union, or
court ever assumes jurisdiction of any lawsuit, claim, charge, grievance, arbitration, or complaint, or purports to bring any legal proceeding
on behalf of the Executive, the Executive will ask any such agency, union, or court to withdraw from and/or dismiss any such action,
grievance, or arbitration, with prejudice.

 

4.         Acknowledgements
and Representations. The Executive acknowledges and represents that the Executive has not suffered any discrimination or harassment
by any of the Released Parties on account of the Executive’s race, gender, national origin, religion, marital or registered domestic
partner status, sexual orientation, age, disability, medical condition or any other characteristic protected by law. The Executive acknowledges
and represents that he has not been denied any leave, benefits or rights to which the Executive may have been entitled under the FMLA
or any other federal or state law, and that the Executive has not suffered any job-related wrongs or injuries for which the Executive
might still be entitled to compensation or relief.

 

		5.	Reserved.

 

		6.	Miscellaneous.

 

a.              Assigns.
The terms of this Agreement are binding upon and inure to the benefit of the Parties named herein and their respective successors
and permitted assigns.

 

    Appendix A – Release Agreement 
 Page | ii

     

    

 

b.            
Governing Law. This Agreement is, and disputes arising under it are, governed by the laws of the State of California
without regard to the principles of conflicts of law that would apply the laws of another jurisdiction.

 

c.             
Severability. Each provision in this Agreement shall be interpreted in such a manner as to be effective and valid
under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision
is ineffective to the extent of such prohibition or invalidity, without prohibiting or invalidating the remainder of such provision or
the remainder of this Agreement.

 

d.             Entire Agreement; Each Party the Drafter. This Agreement constitutes the entire agreement and complete understanding
of the Parties with regard to the matters set forth herein and, except as otherwise set forth in this Agreement, supersedes any and all
prior or contemporaneous agreements, understandings, and discussions, whether written or oral, between the parties with regard to such
matters. No other promises or agreements are binding unless in writing and signed by each of the parties after the date hereof. Should
any provision of this Agreement require interpretation or construction, the entity interpreting or construing this Agreement should not
apply a presumption against one party by reason of the rule of construction that a document is to be construed more strictly against the
party who prepared the document.

 

e.             Counterparts. This Agreement may be signed in multiple counterparts, each of which shall be deemed an original. Any
executed counterpart returned by facsimile or electronic transmission shall be deemed an original executed counterpart.

 

7.         Notices;
Payments. All notices or communications hereunder shall be in writing, and shall be addressed as follows (or to such other address
as either Party may have furnished to the other in writing by like notice): (a) To the Company: TriNet Group, Inc., One Park Place, Dublin,
CA 94568, Attn: Chief Legal Officer, (b) To the Executive at the Executive’s home address in the Company’s records. All such
notices or communications shall be conclusively deemed to be delivered (i) if sent by hand delivery or by email (to the Company as set
forth above), upon receipt,

 

(ii) if sent by overnight courier,
one business day after being sent by overnight courier, or (iii) if sent by registered or certified mail, postage prepaid, return receipt
requested, on the fifth day after the day on which such notice or correspondence is mailed.

 

8.         Dispute Resolution. To provide a mechanism for rapid and economical dispute resolution, the Executive and the Company
agree that any and all disputes, claims, or causes of action, in law or equity, arising from or relating to this Agreement (including
the Release) or its enforcement, performance, breach, or interpretation, or arising from or relating to the Executive’s employment
with the Company or the termination of the Executive’s employment with the Company, will be resolved, to the fullest extent permitted
by law, by final, binding, and confidential arbitration held in Santa Clara County, California and conducted by JAMS, Inc. (“JAMS”),
under its then applicable JAMS Employment Arbitration Rules and Procedures. By agreeing to this arbitration procedure, both the Executive
and the Company waive the right to resolve any such dispute through a trial by jury or judge or by administrative proceeding. The Executive
will have the right to be represented by legal counsel at any arbitration proceeding at his expense. The arbitrator will: (a) have the
authority to compel adequate discovery for the resolution of the dispute and to award such relief as would otherwise be available under
applicable law in a court proceeding; and (b) issue a written statement signed by the arbitrator regarding the disposition of each claim
and the relief, if any, awarded as to each claim, the reasons for the award, and the arbitrator’s essential findings and conclusions
on which the award is based. The Company will bear all fees for the arbitration, except for any attorneys’ fees or costs associated
with the Executive’s personal representation. The arbitrator, and not a court, will also be authorized to determine whether the
provisions of this paragraph apply to a dispute, controversy or claim sought to be resolved in accordance with these arbitration procedures.
Notwithstanding the provisions of this paragraph, the parties are not prohibited from seeking injunctive relief in a court of appropriate
jurisdiction to prevent irreparable harm on any basis, pending the outcome of arbitration. Any awards or orders in such arbitrations may
be entered and enforced as judgments in the federal and the state courts of any competent jurisdiction.

 

    Appendix A – Release Agreement 
 Page | iii

     

    

 

The parties agree that the arbitration
shall be kept confidential. The existence of the arbitration, any non-public information provided in the arbitration, and any submissions,
orders or awards made in the arbitration (together, the “Confidential Arbitration Information”) shall not be disclosed
to any non-party except the tribunal, JAMS, the parties, their counsel, experts, witnesses, accountants and auditors, insurers and reinsurers,
and any other person necessary to the conduct of the arbitration. Notwithstanding the foregoing, a party may disclose Confidential Arbitration
Information to the extent that disclosure may be required to fulfill a legal duty, protect or pursue a legal right, or enforce or challenge
an award in bona fide legal proceedings. This confidentiality provision survives termination of the contract and of any arbitration brought
pursuant to the contract.

 

[Signature Page Follows]

 

    Appendix A – Release Agreement 
 Page | iv

     

    

 

	TRINET
    GROUP, INC.	 	 	 
	 	 	 	 
	 	 	Date:	 
	By
    Its: 	 	 	 
	 	 	 	 
	EXECUTIVE	 	 	 
	 	 	 	 
	 	 	Date:	 
	By
    Its: 	 	 	 

 

    Appendix A – Release Agreement 
 Page | vExhibit 4.2

 

DESCRIPTION
OF SECURITIES

 

We are a Cayman Islands exempted company and our affairs
are governed by our amended and restated memorandum and articles of association, the Companies Act and the common law of the Cayman Islands.
Pursuant to our amended and restated memorandum and articles of association, we are authorized to issue 479,000,000 Class A ordinary shares
and 20,000,000 Class B ordinary shares, as well as 1,000,000 preference shares, $0.0001 par value each. The following description summarizes
the material terms of our shares as set out more particularly in our amended and restated memorandum and articles of association. Because
it is only a summary, it may not contain all the information that is important to you.

 

Units

 

Each unit has an offering price of $10.00 and consists
of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class
A ordinary share at a price of $11.50 per share, subject to adjustment. Pursuant to the warrant agreement, a warrant holder may exercise
its warrants only for a whole number of the company’s Class A ordinary shares. This means only a whole warrant may be exercised
at any given time by a warrant holder.

 

The Class A ordinary shares and warrants comprising
the units are expected to begin separate trading on December 6, 2021. Holders will have the option to continue to hold units or separate
their units into the component securities. Holders will need to have their brokers contact our transfer agent in order to separate the
units into Class A ordinary shares and warrants. No fractional warrants will be issued upon separation of the units and only whole warrants
will trade. Accordingly, unless you purchase at least two units, you will not be able to receive or trade a whole warrant.

 

Additionally, the units will automatically separate into their component
parts and will not be traded after completion of our initial business combination.

 

    1

     

    

 

Ordinary Shares

 

There are 7,906,250 Class B ordinary shares issued
and outstanding, all of which are held of record by our sponsor, so that our sponsor owns 20% of our issued and outstanding shares. As
of the date of the Annual Report on Form 10-K for the year ended December 31, 2021, 39,531,250 of our ordinary shares are outstanding
including:

 

	 	●	31,625,000 Class A ordinary shares underlying the units; and

	 	●	7,906,250 Class B ordinary shares held by our sponsor.

 

Ordinary shareholders of record are entitled to one
vote for each share held on all matters to be voted on by shareholders. Except as described below, holders of Class A ordinary shares
and holders of Class B ordinary shares will vote together as a single class on all matters submitted to a vote of our shareholders except
as required by law. Unless specified in our amended and restated memorandum and articles of association, or as required by applicable
provisions of the Companies Act or applicable stock exchange rules, the affirmative vote of a majority of our ordinary shares that are
voted is required to approve any such matter voted on by our shareholders. Approval of certain actions will require a special resolution
under Cayman Islands law, being the affirmative vote of at least two-thirds of our ordinary shares that are voted, and pursuant to our
amended and restated memorandum and articles of association; such actions include amending our amended and restated memorandum and articles
of association and approving a statutory merger or consolidation with another company. 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 appointed in each year. There is no
cumulative voting with respect to the appointment of directors, with the result that the holders of more than 50% of the shares voted
for the appointment of directors can appoint all of the directors. Our shareholders are entitled to receive ratable dividends when, as
and if declared by the board of directors out of funds legally available therefor. Prior to our initial business combination, only holders
of our founder shares will have the right to vote on the appointment of directors. Holders of our public shares will not be entitled to
vote on the appointment of directors during such time. In addition, prior to the completion of an initial business combination, holders
of a majority of our founder shares may remove a member of the board of directors for any reason. The provisions of our amended and restated
memorandum and articles of association governing the appointment or removal of directors prior to our initial business combination may
only be amended by a special resolution passed by holders representing at least 2/3 of the outstanding Class B ordinary shares.

 

Because our amended and restated memorandum and articles
of association authorizes the issuance of up to 479,000,000 Class A ordinary shares, if we were to enter into a business combination,
we may (depending on the terms of such a business combination) be required to increase the number of Class A ordinary shares which we
will be authorized to issue at the same time as our shareholders vote on the business combination to the extent we seek shareholder approval
in connection with our initial business combination.

 

Our board of directors is divided into three classes
with only one class of directors being appointed in each year and each class (except for those directors appointed prior to our first
annual general meeting) serving a three-year term. In accordance with Nasdaq corporate governance requirements, we are not required to
hold an annual general meeting until one year after our first fiscal year end following our listing on Nasdaq. There is no requirement
under the Companies Act for us to hold annual or general meetings to appoint directors. We may not hold an annual general meeting to appoint
new directors prior to the consummation of our initial business combination. Prior to the completion of an initial business combination,
any vacancy on the board of directors may be filled by a nominee chosen by holders of a majority of our founder shares. In addition, prior
to the completion of an initial business combination, holders of a majority of our founder shares may remove a member of the board of
directors for any reason.

 

    2

     

    

 

We will provide our public shareholders 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 calculated 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, if any, divided by the number of the then-outstanding public shares, subject to the limitations described herein. The
amount in the trust account is initially anticipated to be $10.15 per public share. The per share amount we will distribute to investors
who properly redeem their shares will not be reduced by the deferred underwriting commissions we will pay to the underwriters. The redemption
rights will include the requirement that a beneficial owner must identify itself in order to valid redeem its shares. Our sponsor and
each member of our management team have entered into an agreement with us, pursuant to which they have agreed to waive their redemption
rights with respect to any founder shares and public shares held by them in connection with (i) the completion of our initial business
combination and (ii) a shareholder vote to approve an amendment to our amended and restated memorandum and articles of association (A)
that would modify the substance or timing of our obligation to provide holders of our Class A ordinary shares the right to have their
shares redeemed in connection with our initial business combination or to redeem 100% of our public shares if we do not complete our initial
business combination within 15 months (or up to 18 months if we extend the period of time to consummate a business combination) from the
closing of our initial public offering or (B) with respect to any other provision relating to the rights of holders of our Class A ordinary
shares. Unlike many blank check companies that hold shareholder votes and conduct proxy solicitations in conjunction with their initial
business combinations and provide for related redemptions of public shares for cash upon completion of such initial business combinations
even when a vote is not required by law, if a shareholder vote is not required by applicable law or stock exchange listing requirements,
if a shareholder vote is not required by applicable law or stock exchange listing requirements and we do not decide to hold a shareholder
vote for business or other reasons, we will, pursuant to our amended and restated memorandum and articles of association, conduct the
redemptions pursuant to the tender offer rules of the SEC, and file tender offer documents with the SEC prior to completing our initial
business combination. Our amended and restated memorandum and articles of association requires these tender offer documents to contain
substantially the same financial and other information about the initial business combination and the redemption rights as is required
under the SEC’s proxy rules. If, however, a shareholder approval of the transaction is required by applicable law or stock exchange
listing requirements, or we decide to obtain shareholder approval for business or other reasons, we will, like many blank check companies,
offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules.
If we seek shareholder approval, we will complete our initial business combination only if we receive an ordinary resolution under Cayman
Islands law, which requires the affirmative vote of a majority of the shareholders who attend and vote at a general meeting of the company.
However, the participation of our sponsor, officers, directors, advisors or their affiliates in privately-negotiated transactions (as
described in this prospectus), if any, could result in the approval of our initial business combination even if a majority of our public
shareholders vote, or indicate their intention to vote, against such initial business combination. For purposes of seeking an ordinary
resolution, non-votes will have no effect on the approval of our initial business combination once a quorum is obtained. Our amended and
restated memorandum and articles of association requires that at least five days’ notice will be given of any general meeting. If
we seek shareholder 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 memorandum and articles of association provides that a public
shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder 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
Excess Shares, without our prior consent. However, we would not be restricting our shareholders’ ability to vote all of their shares
(including Excess Shares) for or against our initial business combination. Our shareholders’ inability to redeem the Excess Shares
will reduce their influence over our ability to complete our initial business combination, and such shareholders could suffer a material
loss in their investment if they sell such Excess Shares on the open market. Additionally, such shareholders will not receive redemption
distributions with respect to the Excess Shares if we complete our initial business combination. And, as a result, such shareholders will
continue to hold that number of shares exceeding 15% and, in order to dispose such shares would be required to sell their shares in open
market transactions, potentially at a loss.

 

If we seek shareholder approval, we will complete
our initial business combination only if we obtain the approval of an ordinary resolution under Cayman Islands law, which requires the
affirmative vote of a majority of the shareholders who attend and vote at a general meeting of the company. In such case, our sponsor
and each member of our management team have agreed to vote their founder shares and public shares in favor of our initial business combination.
As a result, in addition to our sponsor’s founder shares, we would need 11,859,375, or 37.5% , or 1,976,562, or 6.25% (assuming
only the minimum number of shares representing a quorum are voted) of the 31,625,000 public shares sold in our initial public offering
to be voted in favor of an initial business combination in order to have our initial business combination approved. Additionally, each
public shareholder may elect to redeem their public shares irrespective of whether they vote for or against the proposed transaction or
vote at all.

 

    3

     

    

 

Pursuant to our amended and restated memorandum and
articles of association, if we have not consummated an initial business combination within 15 months (or up to 18 months if we extend
the period of time to consummate a business combination) from the closing of our initial public offering, we will (i) cease all operations
except for the purpose of winding up; (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the
public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest
earned on the funds held in the trust account and not previously released to us to pay our taxes, if any (less up to $100,000 of interest
to pay dissolution expenses) divided by the number of the then-outstanding public shares, which redemption will completely extinguish
public shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any); and (iii)
as promptly as reasonably possible following such redemption, subject to the approval of our remaining shareholders and our board of directors,
liquidate and dissolve, subject in the case of clauses (ii) and (iii), to our obligations under Cayman Islands law to provide for claims
of creditors and the requirements of other applicable law. Our sponsor and each member of our management team have entered into an agreement
with us, pursuant to which they have agreed to waive their rights to liquidating distributions from the trust account with respect to
any founder shares they hold if we fail to consummate an initial business combination within 15 months (or up to 18 months if we extend
the period of time to consummate a business combination) from the closing of our initial public offering (although they will be entitled
to liquidating distributions from the trust account with respect to any public shares they hold if we fail to complete our initial business
combination within the prescribed time frame). Our amended and restated memorandum and articles of association provides that, if we wind
up for any other reason prior to the consummation of our initial business combination, we will follow the foregoing procedures with respect
to the liquidation of the trust account as promptly as reasonably possible but not more than ten business days thereafter, subject to
applicable Cayman Islands law.

 

If we anticipate that we may not be able to consummate
our initial business combination within 15 months, we may, by resolution of our board if requested by our sponsor, extend the period of
time to consummate a business combination by an additional three months (for a total of up to 18 months to complete a business combination),
subject to the sponsor depositing additional funds into the trust account as set out below. Pursuant to the terms of our amended and restated
memorandum and articles of association and the trust agreement to be entered into between us and Continental Stock Transfer & Trust
Company on the date of this prospectus, in order for the time available for us to consummate our initial business combination to be extended,
our sponsor, upon five days’ advance notice prior to the applicable deadline, must deposit into the trust account $3,162,500 ($0.10
per unit), on or prior to the date of the applicable deadline, for the three month extension, providing a total possible business combination
period of 18 months. Any such payments would be made in the form of non-interest bearing loans. If we complete our initial business combination,
we will, at the option of our sponsor, repay such loaned amounts out of the proceeds of the trust account released to us or convert a
portion or all of the total loan amount into warrants at a price of  $1.00 per warrant, which warrants are identical to the private
placement warrants. If we do not complete a business combination, we will only repay such loans from funds held outside of the trust account.
Our sponsor is not obligated to fund the trust account to extend the time for us to complete our initial business combination. Our public
shareholders will not be entitled to vote or redeem their shares in connection with any such extension. As a result, we may conduct such
an extension even though a majority of our public shareholders do not support such an extension and will not be able to redeem their shares
in connection therewith.

 

In the event of a liquidation, dissolution or winding
up of the company after a business combination, our shareholders 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 shares, if any, having preference over the ordinary
shares. Our shareholders have no preemptive or other subscription rights. There are no sinking fund provisions applicable to the ordinary
shares, except that we will provide our public shareholders with the opportunity to redeem their public shares for cash at a per share
price equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account
and not previously released to us to pay our taxes, if any, divided by the number of the then-outstanding public shares, upon the completion
of our initial business combination, subject to the limitations described herein.

 

    4

     

    

 

Founder Shares

 

The founder shares are designated as Class B ordinary
shares and, except as described below, are identical to the Class A ordinary shares included in the units sold in our initial public offering,
and holders of founder shares have the same shareholder rights as public shareholders, except that: (a) prior to our initial business
combination, only holders of the founder shares have the right to vote on the appointment of directors and holders of a majority of our
founder shares may remove a member of the board of directors for any reason; (b) the founder shares are subject to certain transfer restrictions,
as described in more detail below; (c) our sponsor and each member of our management team have entered into an agreement with us, pursuant
to which they have agreed to (i) waive their redemption rights with respect to their founder shares (ii) to waive their redemption rights
with respect to their founder shares and public shares in connection with a shareholder vote to approve an amendment to our amended and
restated memorandum and articles of association (A) that would modify the substance or timing of our obligation to provide holders of
our Class A ordinary shares the right to have their shares redeemed in connection with our initial business combination or to redeem 100%
of our public shares if we do not complete our initial business combination within 15 months (or up to 18 months if we extend the period
of time to consummate a business combination) from the closing of our initial public offering or (B) with respect to any other provision
relating to the rights of holders of our Class A ordinary shares; and (iii) waive their rights to liquidating distributions from the trust
account with respect to any founder shares they hold if we fail to consummate an initial business combination within 15 months (or up
to 18 months if we extend the period of time to consummate a business combination) from the closing of our initial public offering (although
they will be entitled to liquidating distributions from the trust account with respect to any public shares they hold if we fail to complete
our initial business combination within the prescribed time frame); (d) the founder shares will automatically convert into our Class A
ordinary shares at the time of our initial business combination; and (e) the founder shares are entitled to registration rights. If we
seek shareholder approval, we will complete our initial business combination only if we obtain the approval of an ordinary resolution
under Cayman Islands law, which requires the affirmative vote of a majority of the shareholders who attend and vote at a general meeting
of the company. In such case, our sponsor and each member of our management team have agreed to vote their founder shares and public shares
in favor of our initial business combination.

 

The founder shares are designated as Class B ordinary
shares and will automatically convert into Class A ordinary shares (which such Class A ordinary shares delivered upon conversion will
not have redemption rights or be entitled to liquidating distributions from the trust account if we do not consummate an initial business
combination) at the time of our initial business combination at a ratio such that the number of Class A ordinary shares issuable upon
conversion of all founder shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of (i) the total number of ordinary
shares issued and outstanding upon completion of our initial public offering, plus (ii) the total number of Class A ordinary shares issued
or deemed issued or issuable upon conversion or exercise of any equity-linked securities or rights issued or deemed issued, by the Company
in connection with or in relation to the consummation of the initial business combination, excluding any Class A ordinary shares or equity-linked
securities exercisable for or convertible into Class A ordinary shares issued, deemed issued, or to be issued, to any seller in the initial
business combination and any private placement warrants issued to our sponsor, its affiliates or any member of our management team upon
conversion of working capital loans. In no event will the Class B ordinary shares convert into Class A ordinary shares at a rate of less
than one-to-one.

 

Except as described herein, our sponsor and our directors
and executive officers have agreed not to transfer, assign or sell any of their founder shares until earliest of (A) one year after the
completion of our initial business combination and (B) subsequent to our initial business combination, (x) if the closing price of our
Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations,
recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after our initial
business combination, or (y) the date on which we complete a liquidation, merger, share exchange, reorganization or other similar transaction
that results in all of our public shareholders having the right to exchange their ordinary shares for cash, securities or other property.
We refer to such transfer restrictions throughout this prospectus as the lock-up. Any permitted transferees would be subject to the same
restrictions and other agreements of our sponsor and our directors and executive officers with respect to any founder shares.

 

Prior to our initial business combination, only holders of our founder
shares will have the right to vote on the appointment of directors. Holders of our public shares will not be entitled to vote on the appointment
of directors during such time. In addition, prior to the completion of an initial business combination, holders of a majority of our founder
shares may remove a member of the board of directors for any reason. These provisions of our amended and restated memorandum and articles
of association may only be amended by a special resolution passed by holders representing at least 90% of the outstanding Class B ordinary
shares. With respect to any other matter submitted to a vote of our shareholders, including any vote in connection with our initial business
combination, except as required by law, holders of our founder shares and holders of our public shares will vote together as a single
class, with each share entitling the holder to one vote.

 

    5

     

    

 

Register of Members

 

Under Cayman Islands law, we must keep a register
of members and there shall be entered therein:

 

	 	●	the names and addresses of the members of the company, a statement of the shares held by each member, which:

	 	o	distinguishes each share by its number (so long as the share has a number);

	 	o	confirms the amount paid, or agreed to be considered as paid, on the shares of each member;
	 	o	confirms the number and category of shares held by each member; and

	 	o	confirms whether each relevant category of shares held by a member carries voting rights under the articles of association of the company, and if so, whether such voting rights are conditional;

	 	●	the date on which the name of any person was entered on the register as a member; and

	 	●	the date on which any person ceased to be a member.

 

For these purposes, “voting rights” means
rights conferred on shareholders in respect of their shares to vote at general meetings of the company on all or substantially all matters.
A voting right is conditional where the voting right arises only in certain circumstances.

 

Under Cayman Islands law, the register of members
of our company is prima facie evidence of the matters set out therein (i.e., the register of members will raise a presumption of fact
on the matters referred to above unless rebutted) and a member registered in the register of members will be deemed as a matter of Cayman
Islands law to have legal title to the shares as set against its name in the register of members. Upon the closing of this public offering,
the register of members will be immediately updated to reflect the issue of shares by us. Once our register of members has been updated,
the shareholders recorded in the register of members will be deemed to have legal title to the shares set against their name. However,
there are certain limited circumstances where an application may be made to a Cayman Islands court for a determination on whether the
register of members reflects the correct legal position. Further, the Cayman Islands court has the power to order that the register of
members maintained by a company should be rectified where it considers that the register of members does not reflect the correct legal
position. If an application for an order for rectification of the register of members were made in respect of our ordinary shares, then
the validity of such shares may be subject to re-examination by a Cayman Islands court.

 

    6

     

    

 

Preference Shares

 

Our amended and restated memorandum and articles of
association authorizes 1,000,000 preference shares and provide that preference shares may be issued from time to time in one or more series.
Our board of directors will be authorized to fix the voting rights, if any, designations, powers, preferences, the relative, participating,
optional or other special rights and any qualifications, limitations and restrictions thereof, applicable to the shares of each series.
Our board of directors will be able to, without shareholder approval, issue preference shares with voting and other rights that could
adversely affect the voting power and other rights of the holders of the ordinary shares and could have anti-takeover effects. The ability
of our board of directors to issue preference shares without shareholder approval could have the effect of delaying, deferring or preventing
a change of control of us or the removal of existing management. We have no preference shares issued and outstanding at the date hereof.
Although we do not currently intend to issue any preference shares, we cannot assure you that we will not do so in the future. No preference
shares are being issued or registered in our initial public offering.

 

Warrants

 

Public Warrants

 

Each whole warrant entitles the registered holder
to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment as discussed below, at any time commencing
30 days after the completion of our initial business combination. Pursuant to the warrant agreement, a warrant holder may exercise its
warrants only for a whole number of Class A ordinary shares. This means only a whole warrant may be exercised at a given time by a warrant
holder. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Accordingly, unless you
purchase at least two units, you will not be able to receive or trade a whole warrant.

 

No warrants will be exercisable for cash unless we
have an effective and current registration statement covering the Class A ordinary shares issuable upon exercise of the warrants and a
current prospectus relating to such Class A ordinary shares. Notwithstanding the foregoing, if a registration statement covering the Class
A ordinary shares issuable upon exercise of the public 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, 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. In the event of such cashless exercise,
each holder would pay the exercise price by surrendering the warrants for that number of Class A ordinary shares equal to the quotient
obtained by dividing (x) the product of the number of Class A ordinary shares 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” for this purpose shall mean the volume-weighted average trading price of the Class A ordinary shares for the 10 trading
days immediately following the date on which the notice of redemption is sent to the holders of warrants. The warrants will expire on
the fifth anniversary of our completion of an initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption
or liquidation.

 

We may call the warrants for redemption, in whole
and not in part, at a price of $0.01 per warrant,

 

	 	●	at any time after the warrants become exercisable,

	 	●	upon not less than 30 days’ prior written notice of redemption to each warrant holder,

	 	●	if, and only if, the reported last sale price of the Class A ordinary shares equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations), for any 20 trading days within a 30 trading day period commencing at any time after the warrants become exercisable and ending on the third business day prior to the notice of redemption to warrant holders; and

	 	●	if, and only if, there is a current registration statement in effect with respect to the Class A ordinary shares underlying such warrants.

 

The right to exercise will be forfeited unless the
warrants are exercised prior to the date specified in the notice of redemption. On and after the redemption date, a record holder of a
warrant will have no further rights except to receive the redemption price for such holder’s warrant upon surrender of such warrant.

 

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The redemption criteria for our warrants have been
established at a price which is intended to provide warrant holders a reasonable premium to the initial exercise price and provide a sufficient
differential between the then- prevailing share price and the warrant exercise price so that if the share price declines as a result of
our redemption call, the redemption will not cause the share price to drop below the exercise price of the warrants.

 

If we call the warrants for redemption as described
above, our management will have the option to require all holders that wish to exercise warrants to do so on a “cashless basis.”
In such event, each holder would pay the exercise price by surrendering the warrants for that number of Class A ordinary shares equal
to the quotient obtained by dividing (x) the product of the number of Class A ordinary shares 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” for this purpose shall mean the volume-weighted average trading price of the Class A ordinary shares
for the 10 trading days ending on the trading day immediately following the date on which the notice of redemption is sent to the holders
of warrants.

 

The warrants will be issued in registered form under
a warrant agreement between Continental Stock Transfer & Trust Company, as warrant agent, and us. The warrant agreement provides that
the terms of the warrants may be amended without the consent of any holder (i) 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 prospectus, or to cure, correct or supplement any defective provision, or (ii) to add or change any other provisions with respect
to matters or questions arising under the warrant agreement as the parties to the warrant agreement may deem necessary or desirable and
that the parties deem to not adversely affect the interests of the registered holders of the warrants. The warrant agreement requires
the approval, by written consent or vote, of the holders of at least a majority of the then outstanding public warrants in order to make
any change that adversely affects the interests of the registered holders.

 

The exercise price and number of Class A ordinary
shares issuable on exercise of the warrants may be adjusted in certain circumstances as described below.

 

If the number of outstanding Class A ordinary shares
is increased by a share dividend payable in Class A ordinary shares, or by a split-up of ordinary shares or other similar event, then,
on the effective date of such capitalization or share dividend, split-up or similar event, the number of Class A ordinary shares issuable
on exercise of each warrant will be increased in proportion to such increase in the outstanding ordinary shares. If the number of outstanding
Class A ordinary shares is decreased by a consolidation, combination, reverse share subdivision or reclassification of Class A ordinary
shares or other similar event, then, on the effective date of such consolidation, combination, reverse share sub-division, reclassification
or similar event, the number of Class A ordinary shares issuable on exercise of each warrant will be decreased in proportion to such decrease
in outstanding Class A ordinary shares. Whenever the number of Class A ordinary shares purchasable upon the exercise of the warrants is
adjusted as described in this paragraph, the warrant exercise price will be adjusted by multiplying the warrant exercise price immediately
prior to such adjustment by a fraction (x) the numerator of which will be the number of Class A ordinary shares purchasable upon the exercise
of the warrants immediately prior to such adjustment and (y) the denominator of which will be the number of Class A ordinary shares so
purchasable immediately thereafter.

 

In addition, if we, at any time while the warrants
are outstanding and unexpired, pay a dividend or make a distribution in cash, securities or other assets to all or substantially all of
the holders of the Class A ordinary shares or other securities into which the warrants are convertible, then the warrant exercise price
will be decreased, effective immediately after the effective date of such event, by the amount of cash and/or the fair market value of
any securities or other assets in respect of such event divided by all outstanding shares of the company at such time (whether or not
any shareholders waived their right to receive such dividend). The foregoing adjustment shall not apply to any of the following: (a) any
adjustment described in preceding paragraph, (b) any cash dividends or cash distributions which, when combined on a per share basis
with all other cash dividends and cash distributions paid on the Class A ordinary shares during the 365- day period ending on the date
of declaration of such dividend or distribution does not exceed $0.50 per share (taking into account all of the outstanding shares of
the company at such time (whether or not any shareholders waived their right to receive such dividend) and as adjusted to appropriately
reflect any of the other events requiring adjustment to the exercise price of the warrant pursuant to the warrant agreement and excluding
cash dividends or cash distributions that resulted in an adjustment to the exercise price of the warrant or to the number Class A ordinary
shares issuable on exercise of each warrant) but only with respect to the amount of the aggregate cash dividends or cash distributions
equal to or less than $0.50, (c) any payment to satisfy the conversion rights of the holders of the Class A ordinary shares in connection
with a proposed initial business combination or certain amendments to the company’s Amended and Restated memorandum and articles
of association (as described in the Registration Statement) or (d) any payment in connection with the company’s liquidation and
the distribution of its assets upon its failure to consummate a business combination.

 

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In case of any reclassification or reorganization
of the outstanding Class A ordinary shares (other than those described above or that solely affects the par value of such Class A ordinary
shares), or in the case of any merger or consolidation of us with or into another corporation (other than a consolidation or merger in
which we are the continuing corporation and that does not result in any reclassification or reorganization of our outstanding Class A
ordinary shares), or in the case of any sale or conveyance to another corporation or entity of the assets or other property of us as an
entirety or substantially as an entirety in connection with which we are dissolved, the holders of the warrants will thereafter have the
right to purchase and receive, upon the basis and upon the terms and conditions specified in the warrants and in lieu of the Class A ordinary
shares immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the kind and amount of
Class A ordinary shares or other securities or property (including cash) receivable upon such reclassification, reorganization, merger
or consolidation, or upon a dissolution following any such sale or transfer, that the holder of the warrants would have received if such
holder had exercised their warrants immediately prior to such event.

 

In addition, if (x) we issue additional Class A ordinary
shares 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 Class A ordinary share (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, initial stockholders or their affiliates, without
taking into account any founder shares held by them 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,
then the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the greater of (i) the Market Value
or (ii) the Newly Issued Price, and the $18.00 per share redemption trigger price of the warrants will be adjusted (to the nearest cent)
to be equal to 180% of the greater of (i) the Market Value or (ii) the Newly Issued Price.

 

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, by certified or official
bank check payable to us, for the number of warrants being exercised. The warrant holders do not have the rights or privileges of holders
of Class A ordinary shares and any voting rights until they exercise their warrants and receive Class A ordinary shares. After the issuance
of Class A ordinary shares upon exercise of the warrants, each holder will be entitled to one vote for each share held of record on all
matters to be voted on by stockholders.

 

Warrant holders may elect to be subject to a restriction
on the exercise of their warrants such that an electing warrant holder would not be able to exercise their warrants to the extent that,
after giving effect to such exercise, such holder would beneficially own in excess of 9.8% of the Class A ordinary shares outstanding.

 

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 up to the nearest whole number the number of Class A ordinary shares to be issued to the warrant holder.

 

We have agreed that, subject to applicable law, any
action, proceeding or claim against us arising out of or relating in any way to the warrant agreement, including under the Securities
Act, will be brought and enforced in the courts of the State of New York or the United States District Court for the Southern District
of New York, and we irrevocably submit to such jurisdiction, which jurisdiction will be the exclusive forum for any such action, proceeding
or claim. This exclusive forum provision shall not apply to suits brought to enforce a duty or liability created by the Exchange Act,
any other claim for which the federal district courts of the United States of America are the sole and exclusive forum.

 

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Private Placement Warrants

 

Our sponsor, Founder SPAC Sponsor LLC, and Jefferies
LLC purchased an aggregate of 14,204,375 warrants, each exercisable to purchase one Class A ordinary share at $11.50 per share, subject
to adjustment, at a price of $1.00 per warrant, in a private placement that occurred concurrently with the closing of our initial public
offering. In addition, in order to fund working capital deficiencies or finance transaction costs in connection with an intended initial
business combination, our sponsor or an affiliate of our sponsor or certain of our officers and directors may, but are not obligated to,
loan us funds as may be required. Up to $1,500,000 of such loans may be convertible into warrants of the post business combination entity
at a price of $1.00 per warrant at the option of the lender. Such warrants would be identical to the private placement warrants.

 

Our initial stockholders have agreed not to transfer,
assign or sell any of the private placement warrants (including the Class A ordinary shares issuable upon exercise of any of these warrants)
until the date that is 30 days after the date we complete our initial business combination, except that, among other limited exceptions,
transfers can be made to our officers, directors, other persons or entities affiliated with our sponsor, and, in the case of Jefferies,
any affiliate or employee of Jefferies, or any member of Jefferies or any affiliate of such member.

 

Forward Purchase Shares

 

In connection with the consummation of our initial
public offering, we entered into a forward purchase agreement with our anchor investors, under which the anchor investors agreed to purchase
in the aggregate $20.0 million of forward purchase shares, at a price of $10.00 per share as described in the forward purchase agreement,
in a private placement that closed concurrently with the closing of our initial business combination. The allocation of the forward purchase
shares among the anchor investors will be determined by the anchor investors at the time of our initial business combination. If the sale
of the forward purchase shares fails to close, for any reason, we may lack sufficient funds to consummate our initial business combination.
The terms of the forward purchase shares will generally be identical to the Class A ordinary shares included in the units sold in our
initial public offering, except that they will have registration rights and be subject to certain transfer restrictions, as described
herein. At our option, the anchor investors may purchase less forward purchase shares in accordance with the terms of the forward purchase
agreement.

 

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