Document:

descartes_bylaws-may2013.htm

  
    Exhibit 4.2

      

     

    BY-LAW 1

    

    

    A by-law relating generally to the

    transaction of the business and

    affairs of

     

    THE DESCARTES SYSTEMS GROUP INC.

    

    

    

    

    Contents

     

    
      	
              One

            	
              -

            	
              Interpretation

            
	
              Two

            	
              -

            	
              Business of the Corporation

            
	
              Three

            	
              -

            	
              Borrowing and Security

            
	
              Four

            	
              -

            	
              Directors

            
	
              Five

            	
              -

            	
              Committees

            
	
              Six

            	
              -

            	
              Officers

            
	
              Seven

            	
              -

            	
              Protection of Directors, Officers and Others

            
	
              Eight

            	
              -

            	
              Shares

            
	
              Nine

            	
              -

            	
              Dividends and Rights

            
	
              Ten

            	
              -

            	
              Meetings of Shareholders

            
	
              Eleven

            	
              -

            	
              Notices

            
	
              Twleve

            	
              -

            	
              Effective Date and Repeal

            

    

    

    

    BE IT ENACTED as a by-law of the Corporation as follows:

     

     

    
      
          

      

      
          

        
          
 

      

      
          

      

    

     

    TABLE OF CONTENTS

      

     

     
      	
              SECTION ONE

            	
              INTERPRETATION 

            	
              1

            
	
               

            	
              1.01

            	
              Definitions

            	
              1

            
	
              SECTION TWO

            	
              BUSINESS OF THE CORPORATION

            	
              2

            
	
               

            	
              2.01

            	
              Registered Office

            	
              2

            
	
               

            	
              2.02

            	
              Corporate Seal

            	
              2

            
	
               

            	
              2.03

            	
              Financial Year

            	
              2

            
	
               

            	
              2.04

            	
              Execution of Instruments

            	
              2

            
	
               

            	
              2.05

            	
              Banking Arrangements

            	
              2

            
	
               

            	
              2.06

            	
              Voting Rights in Other Bodies Corporate

            	
              2

            
	
               

            	
              2.07

            	
              Divisions

            	
              2

            
	
              SECTION THREE

            	
              BORROWING AND SECURITY

            	
              4

            
	
               

            	
              3.01

            	
              Borrowing Power

            	
              4

            
	
               

            	
              3.02

            	
              Delegation

            	
              4

            
	
              SECTION FOUR

            	
              DIRECTORS

            	
              5

            
	
               

            	
              4.01

            	
              Number of Directors

            	
              5

            
	
               

            	
              4.02

            	
              Qualification

            	
              5

            
	
               

            	
              4.03

            	
              Election and Term

            	
              5

            
	
               

            	
              4.04

            	
              Removal of Directors

            	
              5

            
	
               

            	
              4.04A

            	
              Advance Notice of Nominations of Directors

            	
              5

            
	
               

            	
              4.05

            	
              Vacation of Office

            	
              10

            
	
               

            	
              4.06

            	
              Appointment of Additional Directors

            	
              11

            
	
               

            	
              4.07

            	
              Action by the Board

            	
              11

            
	
               

            	
              4.08

            	
              Canadian Directors Present at Meetings

            	
              11

            
	
               

            	
              4.09

            	
              Meeting by Telephone

            	
              11

            
	
               

            	
              4.10

            	
              Signed Resolutions

            	
              11

            
	
               

            	
              4.11

            	
              Place of Meetings

            	
              11

            
	
               

            	
              4.12

            	
              Calling of Meetings

            	
              12

            
	
               

            	
              4.13

            	
              Notice of Meeting

            	
              12

            
	
               

            	
              4.14

            	
              First Meeting of New Board

            	
              12

            
	
               

            	
              4.15

            	
              Adjourned Meeting

            	
              13

            
	
               

            	
              4.16

            	
              Regular Meetings

            	
              13

            
	
               

            	
              4.17

            	
              Chair

            	
              13

            
	
               

            	
              4.18

            	
              Quorum

            	
              13

            
	
               

            	
              4.19

            	
              Votes to Govern

            	
              13

            
	
               

            	
              4.20

            	
              Conflict of Interest

            	
              13

            
	
               

            	
              4.21

            	
              Remuneration and Expenses

            	
              13

            
	
              SECTION FIVE

            	
              COMMITTEES

            	
              14

            
	
               

            	
              5.01

            	
              Committees of the Board

            	
              14

            
	
               

            	
              5.02

            	
              Transaction of Business

            	
              14

            
	
               

            	
              5.03

            	
              Audit Committee

            	
              14

            
	
               

            	
              5.04

            	
              Advisory Bodies

            	
              14

            
	
               

            	
              5.05

            	
              Procedure

            	
              14

            
	
               SECTION SIX

            	
              OFFICERS

            	
              15

            
	
               

            	
              6.01

            	
              Appointment

            	
              15

            
	
               

            	
              6.02

            	
              Powers and Duties of Officers

            	
              15

            
	
               

            	
              6.03

            	
              Term of Office

            	
              15

            
	
               

            	
              6.04

            	
              Agents and Attorneys

            	
              15

            
	
               

            	
              6.05

            	
              Conflict of Interest

            	
              15

            
	
              SECTION SEVEN

            	
              PROTECTION OF DIRECTORS, OFFICERS AND OTHERS 

            	
              16

            
	
               

            	
              7.01

            	
              Limitation of Liability

            	
              16

            
	
               

            	
              7.02

            	
              Indemnity

            	
              16

            
	
               

            	
              7.03

            	
              Advance of Costs

            	
              16

            
	
               

            	
              7.04

            	
              Additional Advance

            	
              16

            
	
               

            	
              7.05

            	
              Indemnities Not Limiting

            	
              17

            
	
               

            	
              7.06

            	
              Insurance

            	
              17

            
	
              SECTION EIGHT

            	
              SHARES

            	
              18

            
	
               

            	
              8.01

            	
              Allotment of Shares

            	
              18

            
	
               

            	
              8.02

            	
              Commissions

            	
              18

            
	
               

            	
              8.03

            	
              Registration of Transfers

            	
              18

            
	
               

            	
              8.04

            	
              Non-recognition of Trusts

            	
              18

            
	
               

            	
              8.05

            	
              Share Certificates

            	
              18

            
	
               

            	
              8.06

            	
              Replacement of Share Certificates

            	
              19

            
	
               

            	
              8.07

            	
              Joint Shareholders

            	
              19

            
	
               

            	
              8.08

            	
              Deceased Shareholders

            	
              19

            
	
               

            	
              8.09

            	
              Transfer Agents and Registrars

            	
              19

            
	
               

            	
              8.10

            	
              Record Dates

            	
              19

            
	
              SECTION NINE

            	
              DIVIDENDS

            	
              20

            
	
               

            	
              9.01

            	
              Dividends

            	
              20

            
	
               

            	
              9.02

            	
              Dividend Cheques

            	
              20

            
	
               

            	
              9.03

            	
              Record Date

            	
              20

            
	
              SECTION TEN

            	
              MEETINGS OF SHAREHOLDERS

            	
              21

            
	
               

            	
              10.01

            	
              Annual Meetings

            	
              21

            
	
               

            	
              10.02

            	
              Special Meetings

            	
              21

            
	
               

            	
              10.03

            	
              Place of Meetings

            	
              21

            
	
               

            	
              10.04

            	
              Participation in Meeting by Electronic Means

            	
              21

            
	
               

            	
              10.05

            	
              Meeting held by Electronic Means

            	
              21

            
	
               

            	
              10.06

            	
              Notice of Meetings

            	
              21

            
	
               

            	
              10.07

            	
              List of Shareholders Entitled to Notice

            	
              22

            
	
               

            	
              10.08

            	
              Record Date for Notice

            	
              22

            
	
               

            	
              10.09

            	
              Meetings Without Notice

            	
              22

            
	
               

            	
              10.10

            	
              Chair, Secretary and Scrutineers

            	
              23

            
	
               

            	
              10.11

            	
              Persons Entitled to be Present

            	
              23

            
	
               

            	
              10.12

            	
              Quorum

            	
              23

            
	
               

            	
              10.13

            	
              Right to Vote

            	
              23

            
	
               

            	
              10.14

            	
              Proxyholders and Representatives

            	
              23

            
	
               

            	
              10.15

            	
              Time for Deposit of Proxies

            	
              24

            
	
               

            	
              10.16

            	
              Joint Shareholders

            	
              24

            
	
               

            	
              10.17

            	
              Votes to Govern

            	
              24

            
	
               

            	
              10.18

            	
              Show of Hands

            	
              24

            
	
               

            	
              10.19

            	
              Ballots

            	
              25

            
	
               

            	
              10.20

            	
              Adjournment

            	
              25

            
	
              SECTION ELEVEN

            	
              NOTICES

            	
              26

            
	
               

            	
              11.01

            	
              Method of Giving Notices

            	
              26

            
	
               

            	
              11.02

            	
              Notice to Joint Shareholders

            	
              26

            
	
               

            	
              11.03

            	
              Computation of Time

            	
              26

            
	
               

            	
              11.04

            	
              Undelivered Notices

            	
              26

            
	
               

            	
              11.05

            	
              Omissions and Errors

            	
              27

            
	
               

            	
              11.06

            	
              Persons Entitled by Death or Operation of Law

            	
              27

            
	
               

            	
              11.07

            	
              Waiver of Notice

            	
              27

            
	
               

            	
              11.08

            	
              Interpretation

            	
              27

            
	
               

            	
              11.09

            	
              Electronic Documents

            	
              27

            
	
              SECTION TWELVE

            	
              EFFECTIVE DATE AND REPEAL

            	
              28

            
	
               

            	
              12.01

            	
              Effective Date

            	
              28

            
	
               

            	
              12.02

            	
              Repeal 

            	
              28

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            

    

    
      
          

      

      
          

        
          
 

      

      
          

      

    

    
      	
              SECTION ONE

               

                

            
	
              INTERPRETATION

            

    

     

    

    

    1.01                      Definitions. -  In the by-laws of the Corporation, unless the context otherwise requires:

     

    “Act” means the Canada Business Corporations Act, or any statute that may be substituted therefor, and the regulations to the Act, as from time to time amended;

     

    “appoint” includes “elect” and vice versa;

     

    “articles” means the articles attached to the
        certificate of continuance of the Corporation, as from time to time amended or restated;

     

    “board” means the board of directors of the Corporation;

     

    “by-laws” means this by-law and all other by-laws of the
        Corporation from time to time in force and effect;

     

    “Corporation” means the corporation continued under the
        Act by the said certificate to which the articles are attached, and named “The Descartes Systems Group Inc.”;

     

    “director” means a member of the board;

     

    “including” means including, without limitation;

     

    “meeting of shareholders” includes an annual meeting of
        shareholders and a special meeting of shareholders; and “special meeting of shareholders” includes a meeting of any class or classes of shareholders and a special meeting of all
        shareholders entitled to vote at an annual meeting of shareholders;

     

    “prescribed” means prescribed in accordance with the
        Act; and

     

    “recorded address” has the meaning set forth in section
        11.08.

     

    Save as aforesaid, words and expressions defined in the Act, including “distributing corporation”, “electronic document” and “resident Canadian”, have the same meanings
        when used herein. Words importing the singular number include the plural and vice versa; and words importing a person include an individual, partnership, association, body corporate, trustee, executor, administrator and legal representative.

     

    
      
          

      

      
        1

        
          
 

      

      
          

      

    

    
      	
              SECTION TWO

               

                

            
	
              BUSINESS OF THE CORPORATION

            

    

    

    

    2.01         Registered Office. -  The registered office of the Corporation shall be in the province in Canada from time to time specified in the articles, and at such
        location therein initially as is specified in the notice thereof filed with the articles and thereafter as the board may from time to time determine.

     

    2.02        Corporate Seal. -  The Corporation may, but need not, adopt a corporate seal and if one is adopted it shall be in a form approved from time to time by the
        board.

     

    2.03        Financial Year. -  Until changed by the board, the financial year of the Corporation shall end on the last day of January in each year.

     

    2.04      Execution of Instruments. -  Deeds, transfers, assignments, contracts, obligations, certificates and other instruments may be signed on behalf of the
        Corporation by any two of the directors and officers of the Corporation.  In addition, any two of the directors and officers of the Corporation may from time to time direct the manner in which and the person or persons by whom any particular
        instrument or class of instruments may or shall be signed.  Any signing officer may affix the corporate seal to any instrument requiring the same.

     

    2.05        Banking Arrangements. -  The banking business of the Corporation, including the borrowing of money and the giving of security therefor, shall be transacted
        with such banks, trust companies or other bodies corporate or organizations as may from time to time be designated by or under the authority of the board.  Such banking business or any part thereof shall be transacted under such agreements,
        instructions and delegations of powers as the board may from time to time prescribe.

     

    2.06        Voting Rights in Other Bodies Corporate. -  The signing officers of the Corporation under section 2.04 may execute and deliver proxies and arrange for the
        issuance of voting certificates or other evidence of the right to exercise the voting rights attaching to any securities held by the Corporation.  Such instruments shall be in favour of such persons as may be determined by the officers executing or
        arranging for the same.  In addition, the board may from time to time direct the manner in which and the persons by whom any particular voting rights or class of voting rights may or shall be exercised.

     

    2.07        Divisions. -  The board may cause the business and operations of the Corporation or any part thereof to be divided into one or more divisions upon such
        basis, including types of business or operations, geographical territories, product lines or goods or services, as may be considered appropriate in each case.  In connection with any such division the board or, subject to any direction by the
        board, the chief executive officer may authorize from time to time, upon such basis as may be considered appropriate in each case:

     

    
      
          

      

      
        2

        
          
 

      

      
          

      

    

    
      	
              (a)  

            	
              Subdivision and Consolidation  -  the further division of the
                  business and operations of any such division into sub-units and the consolidation of the business and operations of any such divisions and sub-units;

            

    

     

    
      	
              (b)  

            	
              Name  -  the designation of any such division or sub-unit by,
                  and the carrying on of the business and operations of, any such division or sub-unit under, a name other than the name of the Corporation; provided that the Corporation shall set out its name in legible characters in all places required
                  by law; and

            

    

     

    
      	
              (c)  

            	
              Officers  -  the appointment of officers for any such division
                  or sub-unit, the determination of their powers and duties, and the removal of any of such officers so appointed, provided that any such officers shall not, as such, be officers of the Corporation.

            

    

     

    

    

    
      
          

      

      
        3

        
          
 

      

      
          

      

    

    
      	
              SECTION THREE

               

                

            
	
              BORROWING AND SECURITY

            

    

    

    

     

    3.01       Borrowing Power. - Without limiting the borrowing powers of the Corporation as set forth in the Act, but subject to the articles, the board may from time
        to time on behalf of the Corporation, without authorization of the shareholders:

     

    
      	
              (d)  

            	
              borrow money upon the credit of the Corporation;

            

    

     

    
      	
              (e)  

            	
              issue, reissue, sell, pledge or hypothecate bonds, debentures, notes or other evidences of indebtedness or guarantee of the
                  Corporation, whether secured or unsecured;

            

    

     

    
      	
              (f)  

            	
              give a guarantee on behalf of the Corporation to secure performance of any present or future indebtedness, liability or
                  obligation of any person; and

            

    

     

    
      	
              (g)  

            	
              mortgage, hypothecate, pledge or otherwise create a security interest in all or any currently owned or subsequently acquired
                  real or personal, movable or immovable, property of the Corporation, including book debts, rights, powers, franchises and undertakings, to secure any such bonds, debentures, notes or other evidences of indebtedness or guarantee or any
                  other present or future indebtedness, liability or obligation of the Corporation.

            

    

     

    Nothing in this section limits or restricts the borrowing of money by the Corporation on bills of exchange or promissory
        notes made, drawn, accepted or endorsed by or on behalf of the Corporation.

     

    3.02       Delegation - Unless the articles of the Corporation otherwise provide, the board may from time to time delegate to a director, a committee of the board, or an officer of the Corporation any or all of the powers
        conferred on the board by section 3.01 to such extent and in such manner as the board may determine at the time of such delegation.

     

    

    

    
      
          

      

      
        4

        
          
 

      

      
          

      

    

    

    

    
      	
              SECTION FOUR

               

                

            
	
              DIRECTORS

            

    

    

    

     

    4.01       Number of Directors. -  Until changed in accordance with the Act, the board shall consist of not fewer than the minimum number and not more than the
        maximum number of directors provided in the articles.  The board shall consist of not fewer than the minimum number of directors required by the Act for a distributing corporation.

     

    4.02  Qualification. -  No person shall be qualified for election as a director if such person is less
        than 18 years of age, is of unsound mind and has been so found by a court in Canada or elsewhere, is not an individual, or has the status of a bankrupt.  Unless the articles otherwise provide, a director need not be a shareholder.  Subject to the
        Act, at least 25 per cent of the directors shall be resident Canadians, or if the number of directors is fewer than four, at least one director shall be a resident Canadian.  At least such number of directors as may be specified by the Act, other
        applicable law or stock exchange requirements shall not be officers or employees of the Corporation or of its affiliates.

     

    4.03  Election and Term. -  Subject to the Act, the number of directors to be elected at each annual
        meeting of shareholders shall be the number of directors as determined by the board.  Each director shall hold office for the stated term at the time of their election at any such meeting of shareholders or, if not stated, until the close of the
        first annual meeting of shareholders following the director’s election.  Where the shareholders adopt an amendment to the articles to increase the number or maximum number of directors, the shareholders may, at the meeting at which they adopt the
        amendment, elect the additional number of directors authorized by the amendment.  The election shall be by resolution.  If an election of directors is not held at the proper time, the incumbent directors shall continue in office until their
        successors are elected.

     

    4.04  Removal of Directors. -  Subject to the Act, the shareholders may by resolution passed at a meeting of shareholders specially called for such purpose
        remove any director from office and the vacancy created by such removal may be filled at the same meeting, failing which, subject to the Act, it may be filled by the board.

     

    4.04A      Advance Notice of Nominations of Directors. -  Subject to the Act, the shareholders may by resolution passed at a meeting of shareholders specially called
        for such purpose remove any director from office and the vacancy created by such removal may be filled at the same meeting, failing which, subject to the Act, it may be filled by the board.

     

    
      	
              (a)  

            	
              Nomination Procedures - Subject only to the Act, Applicable
                  Securities Law and the articles of the Corporation, only persons who are nominated in accordance with the following procedures shall be eligible for election as directors of the Corporation.  Nominations of persons for election to the
                  board may be made at any annual meeting of shareholders, or at any special meeting of shareholders if the election of directors is a matter specified in the notice of meeting,

            

    

     

    
      
          

      

      
        5

        
          
 

      

      
          

      

    

     

    
      	
              i.  

            	
              by or at the direction of the board, including pursuant to a notice of meeting;

            

    

     

    
      	
              ii.  

            	
              by or at the direction or request of one or more shareholders pursuant to a proposal made in accordance with the provisions of
                  the Act, or a requisition of the shareholders made in accordance with the provisions of the Act; or

            

    

     

    
      	
              iii.  

            	
              by any person (a “Nominating Shareholder”) who (A) at the close of
                  business on the date of the giving of the notice provided for in this section 4.04A and on the record date for notice of such meeting, is entered in the securities register as a holder of one or more shares carrying the right to vote at
                  such meeting or who beneficially owns shares that are entitled to be voted at such meeting and provides evidence of such beneficial ownership to the Corporation, and (B) complies with the notice procedures set forth below in this section
                  4.04A.

            

    

     

    
      	
              (b)  

            	
              Timely notice - In addition to any other applicable
                  requirements, for a nomination to be made by a Nominating Shareholder, the Nominating Shareholder must have given timely notice thereof in proper written form to the secretary of the Corporation in accordance with this section 4.04A.

            

    

     

    
      	
              (c)  

            	
              Manner of timely notice - To be timely, a Nominating
                  Shareholder’s notice must be given:

            

    

     

    
      	
              i.  

            	
              in the case of an annual meeting (including an annual and special meeting) of shareholders, not less than 30 nor more than 65
                  days prior to the date of the meeting; provided, however, that in the event that the meeting is to be held on a date that is less than 60 days after the date (the “Notice Date”) on
                  which the first public announcement of the date of the meeting was made, notice by the Nominating Shareholder may be made not later than the close of business on the 10th day following the Notice Date; and

            

    

     

    
      	
              ii.  

            	
              in the case of a special meeting (which is not also an annual meeting) of shareholders called for the purpose of electing
                  directors (whether or not called for other purposes), not later than the close of business on the 10th day following the day on which the first public
                  announcement of the date of the meeting was made.

            

    

     

    In no event shall any adjournment, postponement, or reconvening of a meeting, or the announcement thereof, commence a new
        time period for the giving of a Nominating Shareholder’s notice as described above.

     

    
      
          

      

      
        6

        
          
 

      

      
          

      

    

     

    
      	
              (d)  

            	
              Proper form of notice - To be in proper written form, a
                  Nominating Shareholder’s notice must set forth:

            

    

     

    
      	
              i.  

            	
              as to each person whom the Nominating Shareholder proposes to nominate for election as a director, (A) the name, age, province
                  or state, and country of residence of the person, (B) the principal occupation, business or employment of the person, both present and within the five years preceding the notice,
                  (C) whether the person is a resident Canadian within the meaning of the Act, (D) the number of securities of each class of voting securities of the Corporation or any of its subsidiaries beneficially owned, or controlled or directed,
                  directly or indirectly, by such person, as of the record date for the meeting of shareholders (if such date shall then have been made publicly available and shall have occurred) and as of the date of such notice, and (E) any other
                  information relating to the person that would be required to be disclosed in a dissident’s proxy circular in connection with solicitations of proxies for election of directors pursuant to the Act or any Applicable Securities Laws; and

            

    

     

    
      	
              ii.  

            	
              as to the Nominating Shareholder, (A) the number of securities of each class of voting securities of the Corporation or any of
                  its subsidiaries beneficially owned, or controlled or directed, directly or indirectly, by such person or any joint actors, as defined under Applicable Securities Laws, as of the record date for the meeting (if such date shall then have
                  been made publicly available and shall have occurred) and as of the date of such notice, (B) full particulars regarding any proxy, contract, arrangement, agreement, understanding or relationship pursuant to which such Nominating
                  Shareholder has a right to vote or to direct or to control the voting of any shares of the Corporation and (C) any other information relating to such Nominating Shareholder that would be required to be made in a dissident’s proxy circular
                  in connection with solicitations of proxies for election of directors pursuant to the Act or any Applicable Securities Laws,

            

    

     

    References to “Nominating Shareholder” in this section 4.04A shall be deemed to refer to each shareholder that nominates
        a person for election as director in the case of a nomination proposal where more than one shareholder is involved in making such nomination proposal.

     

    
      	
              (e)  

            	
              Other Information - The Corporation may require any proposed
                  nominee to furnish such other information as may reasonably be required by the Corporation to determine the eligibility of such proposed nominee to serve as an independent director, as defined in Applicable Securities Laws, of the
                  Corporation or that would reasonably be expected to be material to a reasonable shareholder’s understanding of the independence and/or qualifications, or lack thereof, of such proposed nominee.

            

    

     

    
      
          

      

      
        7

        
          
 

      

      
          

      

    

     

    
      	
              (f)  

            	
              Notice to be updated - In addition, to be considered timely and
                  in proper written form, a Nominating Shareholder’s notice shall be promptly updated and supplemented, if necessary, so that the information provided or required to be provided in such notice shall be true and correct as of the record date
                  for the meeting.

            

    

     

    
      	
              (g)  

            	
              Power of the chair - The chair of the meeting shall have the
                  power and duty to determine whether a nomination was made in accordance with the procedures set forth in the foregoing provisions and, if any proposed nomination is not in compliance with such foregoing provisions, to declare that such
                  defective nomination shall be disregarded.

            

    

     

    
      	
              (h)  

            	
              Delivery of notice - Notwithstanding any other provision of
                  this by-law, notice given to the secretary of the Corporation pursuant to this section 4.04A may only be given by personal delivery, facsimile transmission or by email (provided that the secretary of the Corporation has stipulated an
                  email address for purposes of any such notice), and shall be deemed to have been given and made only at the time it is served by personal delivery, email (at the address as aforesaid) or sent by facsimile transmission (provided that
                  receipt of the confirmation of such transmission has been received) to the secretary of the Corporation at the address of the principal executive offices of the Corporation; provided that if such delivery or electronic communication is
                  made on a day which is not a business day or later than 5:00 p.m. (Toronto time) on a day which is a business day, then such delivery or electronic communication shall be deemed to have been made on the subsequent day that is a business
                  day.

            

    

     

    
      	
              (i)  

            	
              Increase in number of directors to be elected - Notwithstanding
                  any provisions in this section to the contrary, in the event that the number of directors to be elected at a meeting is increased effective after the time period for which the Nominating Shareholder’s notice would otherwise be due under
                  this section, a notice with respect to nominees for the additional directorships required by this section shall be considered timely if it shall be given not later than the close of business on the tenth (10th) day following the day on which the first public announcement of such increase was made by the Corporation.

            

    

     

    
      	
              (j)  

            	
              The board may, in its sole discretion, waive any requirement in this section 4.04A.

            

    

     

    
      	
              (k)  

            	
              Definitions -  For purposes of this section 4.04A,

            

    

     

    “Affiliate”, when used to indicate a relationship with
        a specific person, shall mean a person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, such specified person;

     

    
      
          

      

      
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    “Applicable Securities Laws” means the applicable
        securities legislation of each relevant province and territory of Canada, as amended from time to time, the written rules, regulations and forms made or promulgated under any such statute and the published national instruments, multilateral
        instruments, policies, bulletins and notices of the securities commissions and similar regulatory authorities of each province and territory of Canada;

     

    “Associate”, when used to indicate a relationship with
        a specified person, shall mean (i) any body corporate or trust of which such person beneficially owns, directly or indirectly, voting securities carrying more than 10% of the voting rights attached to all voting securities of such body corporate or
        trust for the time being outstanding, (ii) any partner of that person, (iii) any trust or estate in which such person has a substantial beneficial interest or as to which such person serves as trustee or in a similar capacity, (iv) a spouse of such
        specified person, (v) any person of either sex with whom such specified person is living in conjugal relationship outside marriage or (vi) any relative of such specified person or of a person mentioned in clauses (iv) or (v) of this definition if
        that relative has the same residence as the specified person;

     

    “beneficially owns” or “beneficially owned” means, in connection with the ownership of shares in the capital of the Corporation by a person, (i) any such shares as to which such person or any of such person’s Affiliates or Associates
        owns at law or in equity, or has the right to acquire or become the owner at law or in equity, where such right is exercisable immediately or after the passage of time and whether or not on condition or the happening of any contingency or the
        making of any payment, upon the exercise of any conversion right, exchange right or purchase right attaching to any securities, or pursuant to any agreement, arrangement, pledge or understanding whether or not in writing; (ii) any such shares as to
        which such person or any of such person’s Affiliates or Associates has the right to vote, or the right to direct the voting, where such right is exercisable immediately or after the passage of time and whether or not on condition or the happening
        of any contingency or the making of any payment, pursuant to any agreement, arrangement, pledge or understanding whether or not in writing; (iii) any such shares which are beneficially owned, directly or indirectly, by a Counterparty (or any of
        such Counterparty’s Affiliates or Associates) under any Derivatives Contract (without regard to any short or similar position under the same or any other Derivatives Contract) to which such person or any of such person’s Affiliates or Associates is
        a Receiving Party; provided, however that the number of shares that a person beneficially owns pursuant to this clause (iii) in connection with a particular Derivatives Contract shall not exceed the number of Notional Securities with respect to
        such Derivatives Contract; provided, further, that the number of securities owned beneficially by each Counterparty (including their respective Affiliates and Associates) under a Derivatives Contract shall for purposes of this clause be deemed to
        include all securities that are owned beneficially, directly or indirectly, by any other Counterparty (or any of such other Counterparty’s Affiliates or Associates) under any Derivatives Contract to which such first Counterparty (or any of such
        first Counterparty’s Affiliates or Associates) is a Receiving Party and this proviso shall be applied to successive Counterparties as appropriate; and (iv) any such shares which are owned beneficially within the meaning of this definition by any
        other person with whom such person is acting jointly or in concert with respect to the Corporation or any of its securities;

     

    
      
          

      

      
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    “close of business” means 5:00 p.m. (Toronto time) on a
        business day in Ontario, Canada;

     

    “Derivatives Contract” shall mean a contract between
        two parties (the “Receiving Party” and the “Counterparty”) that is designed to expose the Receiving Party to economic benefits and risks
        that correspond substantially to the ownership by the Receiving Party of a number of shares in the capital of the Corporation or securities convertible into such shares specified or referenced in such contract (the number corresponding to such
        economic benefits and risks, the “Notional Securities”), regardless of whether obligations under such contract are required or permitted to be settled through the delivery of cash, shares in
        the capital of the Corporation or securities convertible into such shares or other property, without regard to any short position under the same or any other Derivatives Contract. For the avoidance of doubt, interests in broad-based index options,
        broad-based index futures and broad-based publicly traded market baskets of stocks approved for trading by the appropriate governmental authority shall not be deemed to be Derivatives Contracts; and

     

    “public announcement” shall mean disclosure in a press
        release reported by a national news service in Canada, or in a document publicly filed by the Corporation under its profile on the System for Electronic Document Analysis and Retrieval at www.sedar.com.

     

    4.05  Vacation of Office. -  A director ceases to hold office on death, on removal from office by the
        shareholders, on ceasing to be qualified for election as a director, on receipt of a written resignation by the Corporation, or, if a time is specified in such resignation, at the time so specified, whichever is later.  Subject to the Act, a quorum
        of the board may appoint a qualified individual to fill a vacancy in the board.

     

    
      
          

      

      
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    4.06  Appointment of Additional Directors. -  If the articles of the Corporation so provide, the
        directors may, within the maximum number permitted by the articles, appoint one or more additional directors, who shall hold office for a term expiring not later than the close of the next annual meeting of the shareholders, but the total number of
        directors so appointed may not exceed one third of the number of directors elected at the previous annual meeting of shareholders.

     

    4.07  Action by the Board. -  The board shall manage, or supervise the management of, the business and
        affairs of the Corporation.  The powers of the board may be exercised at a meeting (subject to sections 4.08 and 4.09) at which a quorum is present or by resolution in writing signed by all the directors entitled to vote on that resolution at a
        meeting of the board.  Where there is a vacancy in the board, the remaining directors may exercise all the powers of the board so long as a quorum remains in office.

     

    4.08  Canadian Directors Present at Meetings. -  Subject to the Act, the board shall not transact
        business at a meeting, other than filling a vacancy in the board, unless at least 25 per cent of the directors present are resident Canadians, or if the Corporation has fewer than four directors, at least one of the directors present is a resident
        Canadian, except where:

     

    
      	
              (a)  

            	
              a resident Canadian director who is unable to be present approves in writing, or by telephonic, electronic or other
                  communication facility, the business transacted at the meeting; and

            

    

     

    
      	
              (b)  

            	
              the required number of resident Canadians would have been present had that director been present at the meeting.

            

    

     

    4.09  Meeting by Telephone. - Subject to the Act, if all the directors of the Corporation consent thereto
        generally or in respect of a particular meeting, a director may participate in a meeting of the board or of a committee of the board by means of a telephonic, electronic or other communication facility that permits all participants to communicate
        adequately with each other during the meeting, and a director participating in such a meeting by such means is deemed to be present at the meeting.  Any such consent shall be effective whether given before or after the meeting to which it relates
        and may be given with respect to all meetings of the board and of committees of the board.

     

    4.10  Signed Resolutions. - Any resolution in writing may be signed in counterparts and if signed as of
        any date shall be deemed to have been passed on such date.

     

    4.11  Place of Meetings. - Subject to the articles, meetings of the board may be held at any place in or
        outside Canada.

     

    
      
          

      

      
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    4.12  Calling of Meetings. - Meetings of the board shall be held from time to time at such time and at
        such place as the board, the chair of the board, the chief executive officer, the president or any two directors may determine.

     

    4.13  Notice of Meeting. -  Notice of the time and place of each meeting of the board shall be given in
        the manner provided in Section Eleven to each director not less than 48 hours before the time when the meeting is to be held.  A notice of a meeting of directors need not specify the purpose of or the business to be transacted at the meeting except
        where the Act requires such purpose or business to be specified, including, if required by the Act, any proposal to:

     

    
      	
              (a)  

            	
              submit to the shareholders any question or matter requiring approval of the shareholders;

            

    

     

    
      	
              (b)  

            	
              fill a vacancy among the directors or in the office of auditor, or appoint additional directors;

            

    

     

    
      	
              (c)  

            	
              issue securities except as authorized by the board;

            

    

     

    
      	
              (d)  

            	
              issue shares of a series except as authorized by the board;

            

    

     

    
      	
              (e)  

            	
              declare dividends;

            

    

     

    
      	
              (f)  

            	
              purchase, redeem or otherwise acquire shares issued by the Corporation;

            

    

     

    
      	
              (g)  

            	
              pay a commission for the sale of shares except as authorized by the board;

            

    

     

    
      	
              (h)  

            	
              approve a management proxy circular;

            

    

     

    
      	
              (i)  

            	
              approve a take-over bid circular or directors’ circular;

            

    

     

    
      	
              (j)  

            	
              approve any annual financial statements; or

            

    

     

    
      	
              (k)  

            	
              adopt, amend or repeal by-laws.

            

    

     

    A director may in any manner waive a notice of a meeting of directors, and attendance of a director at a meeting of
        directors is a waiver of notice of the meeting, except where a director attends a meeting for the express purpose of objecting to the transaction of any business on the grounds that the meeting is not lawfully called.

     

    4.14  First Meeting of New Board. -  Provided a quorum of directors is present, each newly elected board
        may without notice hold its first meeting immediately following the meeting of shareholders at which such board is elected.

     

    
      
          

      

      
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    4.15  Adjourned Meeting. -  Notice of an adjourned meeting of the board is not required if the time and
        place of the adjourned meeting is announced at the original meeting.

     

    4.16  Regular Meetings. -  The board may appoint a day or days in any month or months for regular
        meetings of the board at a place and hour to be named.  A copy of any resolution of the board fixing the place and time of such regular meetings shall be sent to each director forthwith after being passed, but no other notice shall be required for
        any such regular meeting except where the Act requires the purpose thereof or the business to be transacted thereat to be specified.

     

    4.17  Chair. -  The chair of any meeting of the board shall be the first mentioned of such of the
        following positions as have been appointed and who is a director and is present at the meeting:  chair of the board or the chair of the audit committee.  If no person holding such a position is present, the directors present shall choose one of
        their number to be chair.

     

    4.18  Quorum. -   Subject to the articles and subject to section 4.08, the quorum for the transaction of
        business at any meeting of the board shall consist of a majority of the number of directors then in office or such greater number of directors as the board may from time to time determine.

     

    4.19  Votes to Govern. -  At all meetings of the board every question shall be decided by a majority of
        the votes cast on the question.  In case of an equality of votes the chair of the meeting shall not be entitled to a second or casting vote.

     

    4.20  Conflict of Interest. -  A director or officer of the Corporation shall disclose to the
        Corporation, in the manner and to the extent provided by the Act, any interest that such director or officer has in a material contract or transaction, whether made or proposed, with the Corporation, if such director or officer (a) is a party to
        the contract or transaction; (b) is a director or an officer, or an individual acting in a similar capacity, of a party to the contract or transaction; or (c) has a material interest in a party to the contract or transaction.  Such a director shall
        not vote on any resolution to approve the same except as provided by the Act.

     

    4.21  Remuneration and Expenses. -  The directors shall be paid such remuneration for their services as
        the board may from time to time determine.  The directors shall also be entitled to be reimbursed for travelling and other expenses properly incurred by them in attending meetings of the board or any committee thereof.  Nothing herein contained
        shall preclude any director from serving the Corporation in any other capacity and receiving remuneration therefor.

     

    
      
          

      

      
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              SECTION FIVE

               

                

            
	
              COMMITTEES

            

    

    

    

     

    5.01         Committees of the Board. -  The board may appoint one or more committees of the board, however designated, and delegate to any such committee any of the
        powers of the board except those which pertain to items which, under the Act, a committee of the board has no authority to exercise.

     

    5.02        Transaction of Business. -  The powers of a committee of the board may be exercised by a meeting at which a quorum is present or by resolution in writing
        signed by all members of such committee who would have been entitled to vote on that resolution at a meeting of the committee. Meetings of such committee may be held at any place in or outside Canada.

     

    5.03        Audit Committee. The board shall appoint annually from among its number an audit committee to be composed of not fewer than three directors who meet the
        independence and other requirements as may be specified by the Act, other applicable law and stock exchange requirements and who are not officers or employees of the Corporation or its affiliates.  The audit committee shall have the powers and
        duties provided in the Act and in other applicable law and in addition, such other powers and duties as the board may determine.

     

    5.04          Advisory Bodies. -  The board may from time to time appoint such advisory bodies as it may deem advisable.

     

    5.05         Procedure. -  Unless otherwise determined by the board, each committee and advisory body shall have power to fix its quorum at not less than a majority of
        its members and to regulate its procedure.

     

    

    

    
      
          

      

      
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              SECTION SIX

               

                

            
	
              OFFICERS

            

    

    

    

     

    6.01         Appointment. -  The board may from time to time appoint a chair of the board, a chief executive officer, a president, one or more vice-presidents (to which
        title may be added words indicating seniority or function), a secretary, a treasurer and such other officers as the board may determine, including one or more assistants to any of the officers so appointed.  One person may hold more than one
        office.  The board may specify the duties of and, in accordance with this by-law and subject to the Act, delegate to such officers powers to manage the business and affairs of the Corporation.  Subject to section 6.02, an officer may but need not
        be a director.

     

    6.02         Powers and Duties of Officers. -  The board may from time to time specify the duties of each officer, delegate to him or her powers to manage any business
        or affairs of the Corporation (including the power to sub-delegate) and change such duties and powers, all insofar as not prohibited by the Act.  To the extent not otherwise so specified or delegated, and subject to the Act, the duties and powers
        of the officers of the Corporation shall be those usually pertaining to their respective offices.

     

    6.03        Term of Office. -  The board, in its discretion, may remove any officer of the Corporation.  Otherwise each officer appointed by the board shall hold
        office until a successor is appointed or until the officer resigns.

     

    6.04         Agents and Attorneys. -  The Corporation, by or under the authority of the board, shall have power from time to time to appoint agents or attorneys for the
        Corporation in or outside Canada with such powers (including the power to subdelegate) of management, administration or otherwise as may be thought fit.

     

    6.05        Conflict of Interest. -  An officer shall disclose any interest in a material contract or material transaction, whether made or proposed, with the
        Corporation in accordance with section 4.20.

     

    

    

    
      
          

      

      
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              SECTION SEVEN

               

                

            
	
              PROTECTION OF DIRECTORS, OFFICERS AND OTHERS

            

    

    

    

     

    7.01         Limitation of Liability. - All directors and officers of the Corporation in exercising their powers and discharging their duties shall act honestly and in
        good faith with a view to the best interests of the Corporation and exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances.  Subject to the foregoing, and without limiting any defences
        available to a director or an officer under the Act or otherwise, no director or officer shall be liable for the acts, omissions, failures, neglects or defaults of any other director, officer or employee, or for any loss, damage or expense
        happening to the Corporation through the insufficiency or deficiency of title to any property acquired for or on behalf of the Corporation, or for the insufficiency or deficiency of any security in or upon which any of the moneys of the Corporation
        shall be invested, or for any loss or damage arising from the bankruptcy, insolvency or tortious acts of any person with whom any of the moneys, securities or effects of the Corporation shall be deposited, or for any loss occasioned by any error of
        judgment or oversight on the part of such director or officer, or for any other loss, damage or misfortune which shall happen in the execution of the duties of office or in relation thereto; provided that nothing herein shall relieve any director
        or officer from the duty to act in accordance with the Act or from liability for any breach thereof.

     

    7.02         Indemnity. -  Subject to the Act, the Corporation shall indemnify a director or an officer, a former director or officer, or another individual who acts or
        acted at the Corporation’s request as a director or officer, or an individual acting in a similar capacity, of another entity, and their heirs and legal representatives, against all costs, charges and expenses, including an amount paid to settle an
        action or satisfy a judgment, reasonably incurred by the individual in respect of any civil, criminal, administrative, investigative or other proceeding in which the individual is involved because of that association with the Corporation, or other
        entity, if such individual (a) acted honestly and in good faith with a view to the best interests of the Corporation, or, as the case may be, to the best interests of the other entity for which the individual acted as director or officer or in a
        similar capacity at the Corporation’s request; and  (b) in the case of a criminal or administrative action or proceeding that is enforced by a monetary penalty, the individual had reasonable grounds for believing that the individual’s conduct was
        lawful.

     

    7.03          Advance of Costs. - The Corporation shall advance moneys to a director, officer or other individual for the costs, charges and expenses of a proceeding
        referred to in section 7.02. The individual shall repay the moneys if the individual does not fulfil the conditions of section 7.02.

     

    7.04          Additional Circumstances . -  The Corporation shall also indemnify an individual referred to in section 7.02 in such other circumstances as the Act or the
        law permits or requires.

     

    
      
          

      

      
        16

        
          
 

      

      
          

      

    

     

    7.05        Indemnities Not Limiting. – The provisions of this Article Seven shall be in addition to and not in substitution for or limitation of any rights,
        immunities and protections to which a person is otherwise entitled.

     

    7.06          Insurance. - Subject to the Act, the Corporation may purchase and maintain insurance for the benefit of an individual referred to in section 7.02 hereof as
        the board may from time to time determine.

     

    

    

    
      
          

      

      
        17

        
          
 

      

      
          

      

    

    
      	
              SECTION EIGHT

               

                

            
	
              SHARES

            

    

    

    

     

    8.01         Allotment of Shares. - Subject to the Act and the articles, the board may from time to time allot or grant options to purchase the whole or any part of the
        authorized and unissued shares of the Corporation at such times and to such persons and for such consideration as the board shall determine, provided that no share shall be issued until it is fully paid as provided by the Act.

     

    8.02         Commissions. -  The board may from time to time authorize the Corporation to pay a reasonable commission to any person in consideration of such person’s
        purchasing or agreeing to purchase shares of the Corporation, whether from the Corporation or from any other person, or procuring or agreeing to procure purchasers for any such shares.  The board may, to the extent permitted by the Act, delegate
        this authority to a committee of directors.

     

    8.03       Registration of Transfers. -  Subject to the Act, no transfer of a share shall be registered in a securities register except upon compliance with the
        reasonable requirements of the Corporation and its transfer agents.

     

    8.04        Non-recognition of Trusts. -  Subject to the Act, the Corporation may treat the registered holder of any share as the person exclusively entitled to vote,
        to receive notices, to receive any dividend or other payment in respect of the share, and otherwise to exercise all the rights and powers of an owner of the share.

     

    8.05         Share Certificates. -  Every holder of one or more shares of the Corporation shall be entitled, at the holder’s option, to a share certificate, or to a
        non-transferable written acknowledgement of such right to obtain a share certificate, stating the number and class or series of shares held by such holder as shown on the securities register.  Subject to the Act, such certificates shall be in such
        form as the board may from time to time approve.  Any such certificate shall be signed in accordance with section 2.04 and need not be under the corporate seal.  Notwithstanding the foregoing, unless the board otherwise determines, certificates
        representing shares in respect of which a transfer agent and/or registrar has been appointed shall not be valid unless countersigned by or on behalf of such transfer agent and/or registrar.  The signature of one of the signing officers under
        section 2.04 or, in the case of a certificate which is not valid unless countersigned by or on behalf of a transfer agent and/or registrar and in the case of a certificate which does not require a manual signature under the Act, the signatures of
        both signing officers under section 2.04 may be printed or otherwise mechanically reproduced in facsimile thereon.  Every such facsimile signature shall for all purposes be deemed to be the signature of the officer whose signature it reproduces and
        shall be binding upon the Corporation.  A certificate executed as aforesaid shall be valid notwithstanding that one or both of the officers whose facsimile signature appears thereon no longer holds office at the date of issue of the certificate.

     

    
      
          

      

      
        18

        
          
 

      

      
          

      

    

     

    8.06        Replacement of Share Certificates. - The board or any officer or agent designated by the board may direct the issue of a new share or other such
        certificate in lieu of and upon cancellation of a certificate that has been mutilated or in substitution for a certificate claimed to have been lost, destroyed or wrongfully taken on payment of such reasonable fee and on such terms as to indemnity,
        reimbursement of expenses and evidence of loss and of title as the board may from time to time prescribe, whether generally or in any particular case.

     

    8.07         Joint Shareholders. - If two or more persons are registered as joint holders of any share, the Corporation shall not be bound to issue more than one
        certificate in respect thereof, and delivery of such certificate to one of such persons shall be sufficient delivery to all of them.  Any one of such persons may give effectual receipts for the certificate issued in respect thereof or for any
        dividend, bonus, return of capital or other money payable or warrant issuable in respect of such share.

     

    8.08        Deceased Shareholders. - In the event of the death of a holder, or of one of the joint holders, of any share, the Corporation shall not be required to make
        any entry in the securities register in respect thereof or to make any dividend or other payments in respect thereof except upon production of all such documents as may be required by law and upon compliance with the reasonable requirements of the
        Corporation and its transfer agents.

     

    8.09       Transfer Agents and Registrars. - The board may from time to time appoint one or more agents to maintain, in respect of each class of shares of the
        Corporation issued by it, a central securities register and one or more branch securities registers.  Such a person may be designated as transfer agent or registrar according to the functions of such person and one person may be designated both
        registrar and transfer agent subject to any applicable stock exchange requirements.  The board may at any time terminate such appointment.

     

    8.10       Record Dates. - The board may, within the prescribed period, fix in advance a date as the record date for the purpose of determining the shareholders: (a)
        entitled to receive notice of a meeting of shareholders; (b) entitled to vote at a meeting of shareholders; (c) entitled to receive payment of a dividend; or (d) for any other purpose, and, unless waived in accordance with the Act, notice of any
        such record date shall be given within the prescribed period in the manner provided in the Act.

     

    
      
          

      

      
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              SECTION NINE

               

                

            
	
              DIVIDENDS

            

    

    

    

     

    9.01        Dividends. - Subject to the Act, the board may from time to time declare dividends payable to the shareholders according to their respective rights and
        interests in the Corporation.  Dividends may be paid in money or property or by issuing fully paid shares of the Corporation.  Any dividend unclaimed after a period of six years from the date on which the same has been declared to be payable shall
        be forfeited and shall revert to the Corporation.

     

    9.02        Dividend Cheques. - A dividend payable in money shall be paid by cheque to the order of each registered holder of shares of the class or series in respect
        of which it has been declared and mailed by prepaid ordinary mail to such registered holder at the holder’s recorded address, unless such holder otherwise directs.  In the case of joint holders the cheque shall, unless such joint holders otherwise
        direct, be made payable to the order of all of such joint holders and mailed to them at their recorded address.  The mailing of such cheque as aforesaid, unless the same is not paid on due presentation, shall satisfy and discharge the liability for
        the dividend to the extent of the sum represented thereby plus the amount of any tax which the Corporation is required to and does withhold.  In the event of non-receipt of any dividend cheque by the person to whom it is sent as aforesaid, the
        Corporation shall issue to such person a replacement cheque for a like amount on such terms as to indemnity, reimbursement of expenses and evidence of non-receipt and of title as the board may from time to time prescribe, whether generally or in
        any particular case.

     

    9.03       Record Date. - The board may, within the prescribed period, fix in advance a date as the record date for the purpose of determining shareholders entitled
        to receive payment of a dividend and notice of the record date shall be given within the prescribed period in the manner provided by the Act.  If no date is so fixed, the record date for the determination of the shareholders entitled to receive
        payment of any dividend or for such other purposes shall be at the close of business on the day on which the directors pass the resolution relating thereto.

     

    

    

    
      
          

      

      
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              SECTION TEN

               

                

            
	
              MEETINGS OF SHAREHOLDERS

            

    

    

    

     

    10.01      Annual Meetings. - Subject to the Act, the board shall call an annual meeting of shareholders:  (a) not later than 18 months after the Corporation comes
        into existence; and (b) subsequently, not later than 15 months after holding the last preceding annual meeting but no later than six months after the end of the Corporation’s preceding financial year.  The annual meeting of shareholders shall be
        held for the purpose of considering the financial statements and reports required by the Act to be placed before the annual meeting, electing directors, appointing auditors and for the transaction of such other business as may properly be brought
        before the meeting.

     

    10.02      Special Meetings. -  The board shall have power to call a special meeting of shareholders at any time.

     

    10.03      Place of Meetings. -  Meetings of shareholders shall be held at the registered office of the Corporation or elsewhere in Canada if the board shall so
        determine.  A meeting of shareholders may be held at a place outside Canada if the place is specified in the articles or all the shareholders entitled to vote at the meeting agree that the meeting is to be held at that place.  A shareholder who
        attends a meeting of shareholders held outside Canada is deemed to have agreed to it being held outside Canada except when the shareholder attends the meeting for the express purpose of objecting to the transaction of any business on the grounds
        that the meeting is not lawfully held.  A meeting held pursuant to section 10.05 shall be deemed to be held at the place where the registered office of the Corporation is located.

     

    10.04       Participation in Meeting by Electronic Means. -  Any person entitled to attend a meeting of shareholders may participate in the meeting, in accordance with
        the Act, by means of a telephonic, electronic or other communication facility that permits all participants to communicate adequately with each other during the meeting, if the Corporation makes available such a communication facility.  A person
        participating in a meeting by such means is deemed for the purposes of the Act to be present at the meeting.

     

    10.05      Meeting held by Electronic Means. -  If the directors or the shareholders of the Corporation call a meeting of shareholders pursuant to the Act, those
        directors or shareholders, as the case may be, may determine that the meeting shall be held, in accordance with the Act, entirely by means of a telephonic, electronic or other communication facility that permits all participants to communicate
        adequately with each other during the meeting.

     

    10.06       Notice of Meetings. -  Notice of the time and place of each meeting of shareholders shall be given in the manner provided in Section Eleven within the
        prescribed time to each director, to the auditor, and to each shareholder who at the close of business on the record date for notice is entered in the securities register as the holder of one or more shares carrying the right to vote at the
        meeting. Notice of a meeting of shareholders called for any purpose other than consideration of the financial statements and auditor’s report, election of directors and reappointment of the incumbent auditor shall state the nature of such business
        in sufficient detail to permit the shareholder to form a reasoned judgment thereon and shall state the text of any special resolution to be submitted to the meeting.

     

    
      
          

      

      
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    10.07      List of Shareholders Entitled to Notice. - For every meeting of shareholders, the Corporation shall prepare a list of shareholders entitled to receive
        notice of the meeting, arranged in alphabetical order and showing the number of shares held by each shareholder entitled to vote at the meeting, within the time period required by the Act.  If a record date for notice of the meeting is fixed
        pursuant to section 10.08, the shareholders listed shall be those registered at the close of business on such record date.  If no record date for notice is fixed, the shareholders listed shall be those registered at the close of business on the day
        immediately preceding the day on which notice of the meeting is given or, where no such notice is given, on the day on which the meeting is held.  The list shall be available for examination by any shareholder during usual business hours at the
        registered office of the Corporation or at the place where the central securities register is maintained and at the meeting for which the list was prepared.  Where a separate list of shareholders has not been prepared, the names of persons
        appearing in the securities register at the requisite time as the holder of one or more shares carrying the right to vote at such meeting shall be deemed to be a list of shareholders.

     

    10.08      Record Date for Notice. - The board may, within the prescribed period, fix in advance a date as the record date for the purpose of determining the
        shareholders entitled to vote at a meeting of shareholders and notice of the record date shall be given within the prescribed period in the manner provided by the Act.  If no such record date is so fixed, the record date for the determination of
        the shareholders entitled to receive notice of the meeting shall be at the close of business on the day immediately preceding the day on which the notice is given or, if no notice is given, shall be the day on which the meeting is held.

     

    10.09      Meetings Without Notice. -  A meeting of shareholders may be held without notice at any time and place permitted by the Act (a) if all the shareholders
        entitled to vote thereat are present or duly represented or if those not present or represented waive notice of or otherwise consent to such meeting being held, and (b) if the auditors and the directors are present or waive notice of or otherwise
        consent to such meeting being held; so long as such shareholders, auditors or directors present are not attending for the express purpose of objecting to the transaction of any business on the grounds that the meeting is not lawfully called.  At
        such a meeting any business may be transacted which the Corporation at a meeting of shareholders may transact.  If the meeting is held at a place outside Canada, shareholders not present or duly represented, but who have waived notice of or
        otherwise consented to such meeting, shall also be deemed to have consented to the meeting being held at such place.

     

    
      
          

      

      
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    10.10      Chair, Secretary and Scrutineers. -  The chair of any meeting of shareholders shall be the first mentioned of such of the following officers as have been
        appointed and who is present at the meeting:  chair of the board, the chief executive officer, president, or a vice-president who is a shareholder.  If no such officer is present within 15 minutes from the time fixed for holding the meeting, the
        persons present and entitled to vote shall choose one of their number to be chair.  If the secretary of the Corporation is absent, the chair shall appoint some person, who need not be a shareholder, to act as secretary of the meeting.  If desired,
        one or more scrutineers, who need not be shareholders, may be appointed by a resolution or by the chair with the consent of the meeting.

     

    10.11      Persons Entitled to be Present. -  The only persons entitled to be present at a meeting of shareholders shall be those entitled to vote thereat, the
        directors and auditor of the Corporation and others who, although not entitled to vote, are entitled or required under any provision of the Act or the articles or by-laws to be present at the meeting.  Any other person may be admitted only on the
        invitation of the chair of the meeting or with the consent of the meeting.

     

    10.12      Quorum. -  Subject to the Act in respect of a majority shareholder, a quorum for the transaction of business at any meeting of shareholders shall be
        persons not being less than two in number and holding or representing by proxy not less than 25 percent of the issued and outstanding shares of the Corporation for the time being enjoying voting rights at such meeting. If a quorum is present at the
        opening of any meeting of shareholders, the shareholders present or represented may proceed with the business of the meeting notwithstanding that a quorum is not present throughout the meeting.  If a quorum is not present at the opening of any
        meeting of shareholders, the shareholders present or represented may adjourn the meeting to a fixed time and place but may not transact any other business.

     

    10.13      Right to Vote. -  The board may, within the prescribed period, fix in advance a date as the record date for the purpose of determining the shareholders
        entitled to vote at a meeting of shareholders and notice of the record date shall be given within the prescribed period in the manner provided by the Act.  If a record date for voting is fixed, the Corporation shall prepare, within the time period
        required by the Act, an alphabetical list of shareholders who are entitled to vote as of the record date that shows the number of shares held by each shareholder.  If no record date for voting is fixed, the Corporation shall prepare, within the
        time period required by the Act, an alphabetical list of shareholders who are entitled to vote as of the record date determined under the Act that shows the number of shares held by each shareholder.  Each shareholder whose name appears on the list
        prepared as aforesaid is entitled to vote the shares shown opposite their name at the meeting to which the list relates.

     

    10.14      Proxyholders and Representatives. -  Every shareholder entitled to vote at a meeting of shareholders may appoint a proxyholder, or one or more alternate
        proxyholders, to attend and act as the shareholder’s representative at the meeting in the manner and to the extent authorized and with the authority conferred by the proxy.  A proxy shall be in writing executed by the shareholder or the
        shareholder’s attorney authorized in writing and shall conform with the requirements of the Act.  The Corporation shall recognize any individual authorized by a resolution of the directors or governing body of a body corporate or association to
        represent it at a meeting of shareholders and such individual may exercise on the shareholder’s behalf all the powers it could exercise if it were an individual shareholder.  The authority of such an individual shall be established by depositing
        with the Corporation a certified copy of such resolution, or in such other manner as may be satisfactory to the secretary of the Corporation or the chair of the meeting.  Any such proxyholder or representative need not be a shareholder.

     

    
      
          

      

      
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    10.15      Time for Deposit of Proxies. -  The board may specify in a notice calling a meeting of shareholders a time, preceding the time of such meeting by not more
        than 48 hours, excluding Saturdays and holidays, before which time proxies to be used at such meeting must be deposited.  A proxy shall be acted upon only if, prior to the time so specified, it shall have been deposited with the Corporation or an
        agent thereof specified in such notice, or such later time before the time of voting as the chairman of the meeting may determine, or if, no such time having been specified in such notice, it has been received by the secretary of the Corporation or
        by the chair of the meeting or any adjournment thereof prior to the time of voting.

     

    10.16       Joint Shareholders. -  If two or more persons hold shares jointly, any one of them present or duly represented at a meeting of shareholders may, in the
        absence of the other or others, vote the shares; but if two or more of those persons are present or represented and vote, they shall vote as one the shares jointly held by them.

     

    10.17       Votes to Govern. -  At any meeting of shareholders every question shall, unless otherwise required by the articles or by-laws or by law, be determined by a
        majority of the votes cast on the question.  In case of an equality of votes either upon a show of hands or upon a poll, the chair of the meeting shall not be entitled to a second or casting vote.

     

    10.18       Show of Hands. -  Subject to the Act, any question at a meeting of shareholders shall be decided by a show of hands, unless a ballot thereon is required or
        demanded as hereinafter provided.  Upon a show of hands every person who is present and entitled to vote shall have one vote, subject to any provision of the Act restricting the ability of a proxyholder or alternate proxyholder to vote by way of
        show of hands where such person has conflicting instructions from more than one shareholder.  Whenever a vote by show of hands shall have been taken upon a question, unless a ballot thereon is so required or demanded, a declaration by the chair of
        the meeting that the vote upon the question has been carried or carried by a particular majority or defeated and an entry to that effect in the minutes of the meeting shall be prima facie proof of the fact without proof of the number or proportion
        of the votes recorded in favour of or against any resolution or other proceeding in respect of the said question, and the result of the vote so taken shall be the decision of the shareholders upon the said question.  Any vote referred to in section
        10.17 and this section 10.18 may be held, subject to and in accordance with the Act, partly or entirely by means of a telephonic, electronic or other communication facility, if the Corporation makes available such a communication facility.  Any
        person participating in a meeting of shareholders under section 10.04 or 10.05 and entitled to vote at that meeting may vote, subject to and in accordance with the Act by means of the telephonic, electronic or other communication facility that the
        Corporation has made available for that purpose.

     

    
      
          

      

      
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    10.19       Ballots. -  On any question proposed for consideration at a meeting of shareholders, and whether or not a show of hands has been taken thereon, the chair
        may require a ballot or any person who is present and entitled to vote on such question at the meeting may demand a ballot.  A ballot so required or demanded shall be taken in such manner as the chair shall direct.  A requirement or demand for a
        ballot may be withdrawn at any time prior to the taking of the ballot.  If a ballot is taken each person present shall be entitled, in respect of the shares which such person is entitled to vote at the meeting upon the question, to that number of
        votes provided by the Act or the articles, and the result of the ballot so taken shall be the decision of the shareholders upon the said question.

     

    10.20      Adjournment. -  The chair at a meeting of shareholders may, with the consent of the meeting and subject to such conditions as the meeting may decide,
        adjourn the meeting from time to time and from place to place.  If a meeting of shareholders is adjourned for less than 30 days, it shall not be necessary to give notice of the adjourned meeting, other than by announcement at the earliest meeting
        that is adjourned.  Subject to the Act, if a meeting of shareholders is adjourned by one or more adjournments for an aggregate of 30 days or more, notice of the adjourned meeting shall be given as for an original meeting.

     

    

    

    
      
          

      

      
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              SECTION ELEVEN

               

                

            
	
              NOTICES

            

    

    

    

     

    11.01       Method of Giving Notices. -  Any notice (which term includes any communication or document) to be given (which term includes sent, delivered or served)
        pursuant to the Act, the articles, the by-laws or otherwise to a shareholder, director, officer, auditor or member of a committee of the board shall be sufficiently given, subject to any provisions in the Act regarding certain types of
        communications or documents, if delivered personally to the person to whom it is to be given; if delivered to the person’s recorded address or if mailed to such person at such recorded address by prepaid ordinary mail; if sent to such person at
        such recorded address by any means of prepaid transmitted or recorded communication; if sent by email, electronic document or other form of electronically transmitted message; or if posted on or made available through a source permitted by the
        Act.  A notice so delivered shall be deemed to have been given when it is delivered personally or to the recorded address as aforesaid; a notice so mailed shall be deemed to have been given when deposited in a post office or public letter box; a
        notice so sent by any means of transmitted or recorded communication or by email, electronic document or other form of electronically transmitted message shall be deemed to have been given when dispatched or transmitted; and a notice so posted or
        made available shall be deemed to have been given when notice of its availability and location is given to the addressee.  A notice so delivered shall be deemed to have been received when it is personally delivered; a notice so mailed shall be
        deemed to be received at the time it would be delivered in the ordinary course of mail; a notice so sent by any means of transmitted or recorded communication or by email, electronic document or other form of electronically transmitted message
        shall be deemed to have been received on the day it is dispatched or transmitted; and a notice so posted or made available shall be deemed to have been received when notice of its availability and location is received by the addressee.  The
        secretary may change or cause to be changed the recorded address of any shareholder, director, officer, auditor or member of a committee of the board in accordance with any information believed by the secretary to be reliable.

     

    11.02       Notice to Joint Shareholders. -  If two or more persons are registered as joint holders of any share, any notice may be addressed to all such joint
        holders, but notice addressed to one of such persons shall be sufficient notice to all of them.

     

    11.03       Computation of Time. -  In computing the date when notice must be given under any provision requiring a specified number of days’ notice of any meeting or
        other event, the day of giving the notice shall be excluded and the day of the meeting or other event shall be included.

     

    11.04       Undelivered Notices. -  If any notice given to a shareholder pursuant to section 11.01 is returned on two consecutive occasions because the shareholder
        cannot be found, the Corporation shall not be required to give any further notices to such shareholder until informed in writing by the shareholder of a new address.

     

    
      
          

      

      
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    11.05       Omissions and Errors. -  The accidental omission to give any notice to any shareholder, director, officer, auditor or member of a committee of the board or
        the non-receipt of any notice by any such person or any error in any notice not affecting the substance thereof shall not invalidate any action taken at any meeting held pursuant to such notice or otherwise founded thereon.

     

    11.06        Persons Entitled by Death or Operation of Law. -  Every person who, by operation of law, transfer, death of a shareholder or any other means whatsoever
        shall become entitled to any share, shall be bound by every notice in respect of such share which shall have been duly given to the shareholder from whom such person derives title to such share prior to the name and address of such person being
        entered on the securities register (whether such notice was given before or after the happening of the event upon which such person became so entitled) and prior to such person furnishing to the Corporation the proof of authority or evidence of
        entitlement prescribed by the Act.

     

    11.07         Waiver of Notice. -  Any shareholder, proxyholder, director, officer, auditor or member of a committee of the board, or any other person entitled to
        receive notice of a meeting of shareholders or any other notice from the Corporation, may at any time waive any notice, or waive or abridge the time for any notice, required to be given to such person under the Act, the articles, the by-laws or
        otherwise, and such waiver or abridgement, whether given before or after the meeting or other event of which notice is required to be given, shall cure any default in the giving or in the time of such notice, as the case may be.  Any such waiver or
        abridgement shall be in writing except a waiver of notice of a meeting of shareholders or of the board or a committee of the board which may be given in any manner.

     

    11.08         Interpretation. -  In the by-laws, “recorded address” means: in the case of a shareholder,
        the address as recorded in the securities register; in the case of joint shareholders, the address appearing in the securities register in respect of such joint holding or the first address so appearing if there are more than one; and in the case
        of a director, officer, auditor or member of a committee of the board, the latest address as shown in the records of the Corporation.

     

    11.09           Electronic Documents.  A requirement under these by-laws that a notice, document or other information be provided in writing may be satisfied by providing
        an electronic document and a requirement under these by-laws for a signature or that a document be executed, in relation to an electronic document, may be satisfied, in each case, if the requirements in the Act in respect thereof are met.

     

     

    
      
          

      

      
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            SECTION TWELVE

             

              

          
	
            EFFECTIVE DATE  AND REPEAL

          

  

  

  

   

  12.01       Effective Date. - This by-law shall come into force when made by the board in accordance with the Act.

   

  12.02       Repeal. - All previous by-laws of the Corporation are repealed as of the coming into force of this by-law.  Such repeal shall not affect the previous
      operation of any by-law so repealed, or affect the validity of any act done or right, privilege, obligation or liability acquired or incurred under, or the validity of any contract or agreement made pursuant to, or the validity of any articles (as
      defined in the Act) or predecessor charter documents of the Corporation obtained pursuant to, any such by-law prior to its repeal.  All officers and persons acting under any by-law so repealed shall continue to act as if appointed under the
      provisions of this by-law and all resolutions of the shareholders or the board or a committee of the board with continuing effect passed under any repealed by-law shall continue to be good and valid except to the extent inconsistent with this by-law
      and until amended or repealed.

   

  

  

  ______________________________________________________________________

  

  

  

  

   

  MADE by the Board of Directors of the Corporation as of the 28th day
      of April, 2013.

   

  

  

   

  

  

  __________________________________________

  Corporate Secretary

  

  

   

  

    

    

    

    

    

    

    

    

    

    

    

    

    

     

   28Exhibit 4.1

 

CA Healthcare Acquisition Corp.

99 Summer Street

Suite 200

Boston, MA 02110

 

April 6, 2021

 

Re:Amended and Restated Sponsor Agreement

 

Ladies and Gentlemen:

 

This letter (this
 “Sponsor Agreement”) is being delivered to you in connection with that certain Agreement and Plan of Merger, dated
as of the date hereof (the “Merger Agreement”), by and among LumiraDx Limited, a Cayman Islands exempted company limited
by shares with company number 314391 (“LumiraDx”), LumiraDx Merger Sub, Inc., a Delaware corporation and a wholly-owned
subsidiary of LumiraDx (“Merger Sub”, and collectively with LumiraDx, the “Company”), and CA Healthcare
Acquisition Corp., a Delaware corporation (“CAH”), and hereby amends and restates in its entirety that certain letter,
dated January 25, 2021, from CA Healthcare Sponsor LLC (the “Sponsor”) and each of the undersigned individuals, each
of whom is a member of CAH’s board of directors and/or management team (each, an “Insider” and collectively,
the “Insiders”) to CAH (the “Prior Letter Agreement”). Certain capitalized terms used herein are
defined in paragraph 11 hereof. Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to
such terms in the Merger Agreement.

 

In order to induce the Company
and CAH to enter into the Merger Agreement and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Sponsor and each of the Insiders, hereby severally (and not jointly and severally) agrees with CAH and, at all times prior
to any valid termination of the Merger Agreement, the Company as follows:

 

1.           The Sponsor and each Insider hereby unconditionally and irrevocably agrees: (i) that at any duly called meeting of the stockholders
of CAH (or any adjournment or postponement thereof), and in any action by written consent of the stockholders of CAH requested by CAH’s
board of directors or undertaken in furtherance of the transactions contemplated by the Merger Agreement (the “Transactions”),
the Sponsor and each such Insider shall, if a meeting is held, appear at the meeting, in person or by proxy, or otherwise cause all of
its, his or her Shares to be counted as present thereat for purposes of establishing a quorum, and it shall vote or consent (or cause
to be voted or consented), in person or by proxy, all of its, his or her Shares (a) in favor of the adoption of the Merger Agreement and
approval of the Transactions (and any actions required in furtherance thereof), (b) against any action, proposal, transaction or agreement
that would reasonably be expected to result in a breach of any representation, warranty, covenant, obligation or agreement of CAH contained
in the Merger Agreement, (c) in favor of any other proposals set forth in CAH’s proxy statement to be filed by CAH with the SEC
relating to the Transactions (including any proxy supplements thereto, the “Proxy Statement”) and (d) except as
set forth in the Proxy Statement, against the following actions or proposals: (I) any CAH Alternative Transaction or any proposal
in opposition to approval of the Merger Agreement or in competition with or inconsistent with the Merger Agreement; and (II)(A) any
change in the present capitalization of CAH or any amendment of the Charter (as defined below), except to the extent expressly contemplated
by the Merger Agreement, (B) any liquidation, dissolution or other change in CAH’s corporate structure or business, (C) any
action, proposal, transaction or agreement that would result in a breach in any material respect of any covenant, representation or warranty
or other obligation or agreement of the Sponsor or such Insider under this Sponsor Agreement, or (D) any other action or proposal
involving CAH or any of its subsidiaries that is intended, or would reasonably be expected, to prevent, impede, interfere with, delay,
postpone or adversely affect the Transactions and (ii) not to redeem, elect to redeem or tender or submit any of the Shares owned
by it, him or her for redemption in connection with such stockholder approval or proposed Business Combination, or in connection with
any vote to amend the Charter. Prior to any valid termination of the Merger Agreement, (x) the Sponsor and each Insider shall take,
or cause to be taken, all actions and to do, or cause to be done, all things reasonably necessary under applicable Laws to consummate
the Transactions and the other transactions contemplated by the Merger Agreement and on the terms and subject to the conditions set forth
therein, and (y) the Sponsor and each Insider shall be bound by and comply with Sections 6.3 (Access to Information; Confidentiality)
and 6.4 (Exclusivity) of the Merger Agreement (and any relevant definitions contained in any such Sections) as if such person were a signatory
to the Merger Agreement with respect to such provisions. If CAH seeks to consummate a proposed Business Combination by engaging in a tender
offer, the Sponsor and each Insider agrees that it, he or she will not sell or tender any Shares owned by it, him or her in connection
therewith. The obligations of the Sponsor and the Insiders specified in this paragraph 1 shall apply whether or not the Merger, any of
the Transactions or any action described above is recommended by CAH’s board of directors.

 

    	 	 	 

     

    

 

2.           The Sponsor and each Insider hereby agrees that in the event that CAH fails to consummate a Business Combination within 24 months
from the closing of the Public Offering (the “Completion Window”), or such later period approved by CAH’s stockholders
in accordance with CAH’s amended and restated certificate of incorporation (the “Charter”), the Sponsor and each
Insider shall take all reasonable steps to cause CAH to (a) cease all operations except for the purpose of winding up, (b) as
promptly as reasonably possible but not more than 10 Business Days thereafter, subject to lawfully available funds therefor, redeem 100%
of the Common Stock sold as part of the Units in the Public Offering (the “Offering Shares”), at a per-share price,
payable in cash, equal to the aggregate amount then on deposit in the Trust Account (as defined below), including interest earned on the
funds held in the Trust Account and not previously released to CAH to pay its taxes (less up to $100,000 of interest to pay dissolution
expenses), divided by the number of then outstanding Offering Shares, which redemption will completely extinguish all Public Stockholders’
rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (c)
as promptly as reasonably possible following such redemption, subject to the approval of CAH’s remaining stockholders and CAH’s
board of directors, dissolve and liquidate, subject in each case to CAH’s obligations under Delaware law to provide for claims of
creditors and other requirements of applicable law. The Sponsor and each Insider agrees not to propose any amendment to the Charter to
modify (i) the substance or timing of the ability of holders of Offering Shares to seek redemption in connection with a Business
Combination, (ii) certain amendments to the Charter prior to the completion of a Business Combination or (iii) (A) CAH’s
obligation to redeem 100% of the Offering Shares if CAH does not complete a Business Combination within the Completion Window or (B) any
other provisions relating to stockholders’ rights or pre-initial Business Combination activity, unless CAH provides the Public Stockholders
with the opportunity to redeem their shares of Common Stock upon approval of any such amendment 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 CAH to pay its taxes, divided by the number of then outstanding Offering Shares.

 

The Sponsor and
each Insider acknowledges that it, he or she has no right, title, interest or claim of any kind in or to any monies held in the Trust
Account or any other asset of CAH as a result of any liquidation of CAH with respect to the Founder Shares held by it, him or her. The
Sponsor and each Insider hereby further waive, with respect to any shares of Common Stock held by it, him or her, if any, whether acquired
now or hereafter, any redemption rights it, he or she may have in connection with the consummation of a Business Combination, including,
without limitation, any such rights available in the context of a stockholder vote to approve such Business Combination or a stockholder
vote to approve an amendment to the Charter to modify (I) the substance or timing of the ability of holders of Offering Shares to
seek redemption in connection with a Business Combination or (II) (A) CAH’s obligation to redeem 100% of the Offering
Shares if CAH does not complete a Business Combination within the Completion Window or (B) any other provisions relating to stockholders’
rights or pre-initial Business Combination activity, unless CAH provides the Public Stockholders with the opportunity to redeem their
shares of Common Stock upon approval of any such amendment 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 CAH to pay
its taxes, divided by the number of then outstanding Offering Shares, or (III) in the context of a tender offer made by CAH to purchase
shares of Common Stock (although the Sponsor, the Insiders and their respective affiliates shall be entitled to redemption and liquidation
rights with respect to any Offering Shares it or they hold if CAH fails to consummate a Business Combination within the time period set
forth in the Charter).

 

    	 	2	 

     

    

 

3.            Without limiting their obligations under paragraph 6 below, during the period commencing on the date hereof and ending on the earlier
of (a) the valid termination of the Merger Agreement or (b) the Closing, the Sponsor and each Insider shall not, without the prior written
consent of the Company, Transfer any Units, shares of Capital Stock, warrants (each, a “Warrant”) to purchase Capital
Stock or any securities convertible into, or exercisable, or exchangeable for, shares of Capital Stock owned by it, him or her. In the
event that (i) any shares of Capital Stock, Warrants or other equity securities of CAH are issued to the Sponsor or any Insider after
the date hereof pursuant to any stock dividend, stock split, recapitalization, reclassification, combination or exchange of shares of
Capital Stock of, on or affecting the shares of Capital Stock owned by the Sponsor or any Insider or otherwise, (ii) the Sponsor
or any Insider purchases or otherwise acquires beneficial ownership of any shares of Capital Stock, Warrants or other equity securities
of CAH after the date hereof or (iii) the Sponsor or any Insider acquires the right to vote or share in the voting of any shares
of Capital Stock, Warrants or other equity securities of CAH after the date hereof (such shares of Capital Stock, Warrants or other equity
securities of CAH described in clauses (i), (ii) and (iii), the “New Shares”), then such New Shares acquired or
purchased by the Sponsor or any Insider shall be subject to the terms of this paragraph 3 and paragraph 1 above to the same extent as
if they constituted the Capital Stock or Warrants owned by the Sponsor or any Insider as of the date hereof.

 

4.           In the event of the liquidation of the Trust Account upon the failure of CAH to consummate its initial Business Combination within
the time period set forth in the Charter, the Sponsor (the “Indemnitor”) agrees to indemnify and hold harmless CAH
against any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses
reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened) to which CAH may become
subject as a result of any claim by (i) any third party for services rendered or products sold to CAH or (ii) any prospective
target business with which CAH has entered into a written letter of intent, confidentiality or other similar agreement for a Business
Combination (a “Target”); provided, however, that such indemnification of CAH by the Indemnitor shall (x) apply
only to the extent necessary to ensure that such claims by a third party or a Target do not reduce the amount of funds in the Trust Account
to below the lesser of (i) $10.00 per Offering Share and (ii) the actual amount per Offering Share held in the Trust Account
as of the date of the liquidation of the Trust Account, if less than $10.00 per Offering Share is then held in the Trust Account due to
reductions in the value of the trust assets, less interest earned on the Trust Account which may be withdrawn to pay taxes, (y) not
apply to any claims by a third party or a Target which executed a waiver of any and all rights to the monies held in the Trust Account
(whether or not such waiver is enforceable) and (z) not apply to any claims under CAH’s indemnity of the underwriters against
certain liabilities, including liabilities under the Securities Act of 1933, as amended. The Indemnitor shall have the right to defend
against any such claim with counsel of its choice reasonably satisfactory to CAH if, within 15 days following written receipt of
notice of the claim to the Indemnitor, the Indemnitor notifies CAH in writing that it shall undertake such defense.

 

    	 	3	 

     

    

 

5.           The Sponsor and each Insider hereby agrees and acknowledges that: (i) CAH and, prior to any valid termination of the Merger
Agreement, the Company would be irreparably injured in the event of a breach by such Sponsor or an Insider of its, his or her obligations
under paragraphs 1, 2, 3, 4, 6(a), 6(b), 6(c), 6(d), 6(e) and 11, as applicable, of this Sponsor Agreement, (ii) monetary damages
may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition
to any other remedy that such party may have in law or in equity, in the event of such breach.

 

6.                  
 

 

(a)               
The Sponsor and each Insider agrees that it, he or she shall not Transfer, other than as provided for in Article 6.13 of the Company
Articles, (i) any Founder Shares (or shares of Common Stock issuable upon conversion thereof) or (ii) any common shares of the Company
issued in respect of Forfeited Founder Shares, until the earlier of (A) one year after the completion of CAH’s initial Business
Combination (if the Closing does not occur for any reason (including, without limitation, as a result of the valid termination of the
Merger Agreement)) or the Closing, as applicable, or (B) subsequent to the initial Business Combination (if the Closing does not
occur for any reason (including, without limitation, as a result of the valid termination of the Merger Agreement)) (x) if the last
reported sale price of the Common Stock equals or exceeds $12.00 per share (as adjusted for share splits, share dividends, reorganizations,
recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after CAH’s
initial Business Combination (if the Closing does not occur for any reason (including, without limitation, as a result of the valid termination
of the Merger Agreement)), or (y) (other than if the Closing occurs) the date on which CAH completes a liquidation, merger, share
exchange, reorganization or other similar transaction that results in all of CAH’s stockholders having the right to exchange their
shares for cash, securities or other property (the “Founder Shares Lock-up Period”).

 

(b)               
In the event that the Closing does not occur for any reason (including, without limitation, as a result of the valid termination
of the Merger Agreement), the Sponsor and each Insider agrees that it, he or she shall not Transfer any Private Placement Warrants (or
shares of Common Stock issued or issuable upon the exercise of the Private Placement Warrants) until 30 days after the completion
of a Business Combination (the “Private Placement Warrants Lock-up Period”, and together with the Founder Shares Lock-up
Period, the “Lock-up Periods”).

 

    	 	4	 

     

    

 

(c)               
Notwithstanding the provisions set forth in paragraphs 3 and 6(a) and (b), (i) upon the valid termination of the Merger Agreement,
the following Transfers of the Founder Shares, the Private Placement Warrants and shares of Common Stock issued or issuable upon the exercise
or conversion of the Private Placement Warrants or the Founder Shares that are held by the Sponsor, any Insider or any of their permitted
transferees (that have complied with this paragraph 6(c)), are permitted: (A) to CAH’s officers or directors, any affiliates
or family members of any of CAH’s officers or directors, any members of the Sponsor, or any affiliates of the Sponsor; (B) in
the case of an individual, transfers by gift to a member of the individual’s immediate family, to a trust, the beneficiary of which
is a member of the individual’s immediate family or an affiliate of such person, or to a charitable organization; (C) in the
case of an individual, transfers by virtue of laws of descent and distribution upon death of the individual; (D) in the case of an
individual, transfers pursuant to a qualified domestic relations order; (E) transfers by private sales or transfers made in connection
with the consummation of a Business Combination at prices no greater than the price at which the securities were originally purchased;
(F) transfers in the event of CAH’s liquidation prior to the completion of an initial Business Combination; (G) transfers
by virtue of the laws of the State of Delaware or the Sponsor’s limited liability company agreement upon dissolution of the Sponsor;
(H) in the event of CAH’s completion of a liquidation, merger, stock exchange, reorganization or other similar transaction
which results in all of the Public Stockholders having the right to exchange their shares of Common Stock for cash, securities or other
property subsequent to the completion of the initial Business Combination; (I) to a nominee or custodian of a person or entity to
whom a disposition or transfer would be permissible under clauses (A) through (H) above; provided, however, that
in the case of clauses (A) through (E) and (I), these permitted transferees must enter into a written agreement with CAH agreeing
to be bound by the transfer restrictions herein and the other restrictions contained in this Sponsor Agreement (including provisions relating
to voting, the Trust Account and liquidating distributions) and (ii) during the period commencing on the date hereof and ending on
the earlier of (x)  the expiration of the Lock-up Periods and (y) the date of any valid termination of the Merger Agreement,
the following Transfers of the Founder Shares, the Private Placement Warrants identified on Annex A as “Locked-Up Warrants”,
shares of Common Stock issued or issuable upon the exercise or conversion of the Private Placement Warrants identified on Annex A
as “Locked-Up Warrants” or the Founder Shares, that are held by the Sponsor or any Insider or any of their permitted transferees
(that have complied with this paragraph 6(c)), are permitted; (1) to CAH’s officers or directors, any affiliates or family
members of any of CAH’s officers or directors, any member of the Sponsor, or any affiliates of the Sponsor; (2) in the case
of an individual, transfers by gift to a member of one of the individual’s immediate family, to a trust, the beneficiary of which
is a member of the individual’s immediate family or an affiliate of such person, or to a charitable organization; (3) in the
case of an individual, transfers by virtue of laws of descent and distribution upon death of such person; (4) in the case of an individual,
transfers pursuant to a qualified domestic relations order; provided, however, that any permitted transferee must enter
into a written agreement with CAH agreeing to be bound by the transfer restrictions herein and the other restrictions contained in this
Sponsor Agreement (including provisions relating to voting, the Trust Account and liquidating distributions).

 

(d)               
Conversion and Exchange. As of and conditioned upon the Closing, the Sponsor agrees that all of its Private Placement Warrants
shall be converted and exchanged for 405,000 common shares of the Company (the “Warrant Conversion Shares”). The Sponsor
and each Insider agrees that it, he or she shall not Transfer, other than as provided for in Article 6.13 of the Company Articles, any
Warrant Conversion Shares until the six month anniversary of the Closing.

 

(e)               
Sponsor Equity Cancellation. In the event that more than fifty percent (50%) of the Class A Common Stock sold in the Public
Offering is redeemed, then an equal percentage of the Founder Shares shall be cancelled prior to giving effect to the CAH Class B Conversion
(the “Forfeited Founder Shares”) and accordingly the Company shall have no obligation under this Sponsor Agreement,
the Merger Agreement or any other agreement relating to the Transactions to issue any common shares of the Company in respect of such
Forfeited Founder Shares; provided however that for the period from the Closing Date and up to 31 December 2021 the Company, in its sole
discretion, may elect to issue, on the same terms as provided for in the Merger Agreement, common shares of the Company in respect of
some or all of the Forfeited Founder Shares to the Sponsor. For the avoidance of doubt, in the event that fifty percent (50%) or less
of the Class A Common Stock sold in the Public Offering is redeemed, no such forfeiture shall occur and the Sponsor shall retain one hundred
percent (100%) of its Founder Shares and be issued one hundred percent (100%) of its entitlement to common shares of the Company pursuant
to the terms of the Merger Agreement. By way of illustrative example if 60% of the Class A Common Stock sold in the Public Offering is
redeemed, then the Sponsor shall only receive 1,150,000 common shares in the Company (as adjusted for share splits, share dividends, reorganizations,
recapitalizations and the like).

 

    	 	5	 

     

    

 

7.           The Sponsor and each Insider represents and warrants that it, he or she has never been suspended or expelled from membership in
any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended or
revoked. Each Insider’s biographical information furnished to CAH (including any such information included in the Prospectus) is
true and accurate in all respects and does not omit any material information with respect to the Insider’s background. Each Insider’s
questionnaire furnished to CAH is true and accurate in all respects. Each Insider represents and warrants that: (i) it, he or she is not
subject to or a respondent in any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain
from any act or practice relating to the offering of securities in any jurisdiction; (ii) it, he or she has never been convicted
of, or pleaded guilty to, any crime (A) involving fraud, (B) relating to any financial transaction or handling of funds of another
person, or (C) pertaining to any dealings in any securities and it, he or she is not currently a defendant in any such criminal proceeding.

 

8.            Except as disclosed in the Prospectus, neither the Sponsor nor any officer, director, advisor or any affiliate of the Sponsor or
officer, director or advisor of CAH, shall receive from CAH any finder’s fee, reimbursement, consulting fee, monies in respect of
any repayment of a loan or other compensation prior to, or in connection with any services rendered in order to effectuate, the consummation
of the CAH’s initial Business Combination (regardless of the type of transaction that it is).

 

9.            Each Insider agrees that, until the consummation of the Business Combination and for one year thereafter, he or she will keep confidential
all confidential, proprietary and non-public information of CAH (whether written, oral or electronic communications), including without
limitation, the names of the targets identified by CAH for a potential Business Combination and any and all information provided by CAH
to the Insider regarding such targets.

 

10.         The Sponsor and each Insider has full right and power, without violating any agreement to which it is bound (including, without
limitation, any non-competition or non-solicitation agreement with any employer or former employer), to enter into this Sponsor Agreement
and, as applicable, to serve as an officer and/or a director on the board of directors of CAH.

 

11.         As used herein, the following terms shall have the respective meanings set forth below:

 

(a)               
“Business Combination” shall mean a merger, capital stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination, involving CAH and one or more businesses;

 

(b)               
“Capital Stock” shall mean, collectively, the Common Stock and the Founder Shares;

 

(c)               
“Common Stock” shall mean, collectively, the CAH Class A Common Stock and the CAH Class B Common Stock.

 

(d)               
“Commission” shall mean the U.S. Securities and Exchange Commission;

 

(e)               
“Company Articles” shall mean the amended and restated memorandum of association and articles of association
of the Company to be adopted immediately following the Closing;

 

(f)                
“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended;

 

(g)               
“Founder Shares” shall mean, at any time prior to the Closing, (a) the 2,875,000 shares of CAH’s
Class B Common Stock, par value $0.0001 per share, held by the Sponsor and (b) at any time following the Closing, the common shares
of the Company received by the Sponsor in the Merger in exchange for the shares referenced in clause (a);

 

(h)               
“Private Placement Warrants” shall mean the Warrants to purchase up to 4,050,000 shares of CAH Class A Common
Stock beneficially held by the Sponsor;

 

(i)                
“Prospectus” shall mean the registration statement on Form S-1 and prospectus filed by CAH with the Commission
in connection with the Public Offering;

 

    	 	6	 

     

    

 

(j)                
“Public Offering” shall mean the underwritten initial public offering of 11,500,000 of CAH’s units (the
 “Units”), each comprised of one CAH’s Class A Common Stock, and one-half (1/2) of one redeemable Warrant;

 

(k)               
“Public Stockholders” shall mean the holders of securities issued in the Public Offering;

 

(l)                
“Shares” shall mean, collectively, the Common Stock and the Founder Shares;

 

(m)             
“Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge,
encumber, grant of any lien or option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment
or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of
Section 16 of the Exchange Act, and the rules and regulations of the Commission promulgated thereunder with respect to, any security,
(b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of
ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public
announcement of any intention to effect any transaction specified in clause (a) or (b);

 

(n)               
“Trust Account” shall mean the trust fund into which a portion of the net proceeds of the Public Offering shall
be (or has been) deposited.

 

12.         CAH will maintain an insurance policy or policies providing directors’ and officers’ liability insurance, and each
director shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available
for any of CAH’s directors or officers.

 

13.         This Sponsor Agreement and the other agreements referenced herein constitute the entire agreement and understanding of the parties
hereto in respect of the subject matter hereof and supersede all prior understandings, agreements, or representations by or among the
parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby,
including, without limitation, the Prior Letter Agreement. This Sponsor Agreement may not be changed, amended, modified or waived (other
than to correct a typographical error) as to any particular provision, except by a written instrument executed by all parties hereto and
the Company, it being acknowledged and agreed that the Company’s execution of such an instrument will not be required after any
valid termination of the Merger Agreement.

 

14.         Except as otherwise provided herein, no party hereto may assign either this Sponsor Agreement or any of its rights, interests,
or obligations hereunder without the prior written consent of the other parties and the Company (except that, following any valid termination
of the Merger Agreement, no consent from the Company shall be required). Any purported assignment in violation of this paragraph 14 shall
be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee. This Sponsor Agreement
shall be binding on CAH, the Sponsor and each Insider and their respective successors, heirs and assigns and permitted transferees.

 

15.         Nothing in this Sponsor Agreement shall be construed to confer upon, or give to, any person or entity other than the parties hereto
any right, remedy or claim under or by reason of this Sponsor Agreement or of any covenant, condition, stipulation, promise or agreement
hereof. All covenants, conditions, stipulations, promises and agreements contained in this Sponsor Agreement shall be for the sole and
exclusive benefit of CAH, the Sponsor and the Insiders (and, prior to any valid termination of the Merger Agreement, the Company) and
their successors, heirs, personal representatives and assigns and permitted transferees. Notwithstanding anything herein to the contrary,
each of CAH, the Sponsor and each Insider acknowledges and agrees that the Company is an express third party beneficiary of this Agreement
and may directly enforce (including by an action for specific performance, injunctive relief or other equitable relief) each of the provisions
set forth in this Sponsor Agreement as though directly party hereto.

 

    	 	7	 

     

    

 

16.         This Sponsor Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts shall
for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

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

 

18.              
 

 

(a)       This
Sponsor Agreement shall be interpreted and construed in accordance with and governed by the law of the State of Delaware without giving
effect to the principles of any choice or conflicts of laws rule (whether of the State of Delaware or any other jurisdiction) that would
result in the application of the laws of a different jurisdiction other than the State of Delaware.

 

(b)       The
parties hereto agree that any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of, relating
to, or in connection with, this Sponsor Agreement may be brought against any of the parties in any federal court located in the State
of Delaware or any Delaware state court, and each of the parties hereby consents to the exclusive jurisdiction of such court (and of the
appropriate appellate courts) in any such suit, action or proceeding and waives any objection to venue laid therein. Process in any such
suit, action or proceeding may be served on any party anywhere in the world, whether within or without the jurisdiction of any such court.
Without limiting the foregoing, each of the parties agrees that service of process upon such party at the address referred to in Section 9.1
(Notices) of the Merger Agreement, together with written notice of such service to such party, shall be deemed effective service of process
upon such party. EACH OF THE PARTIES ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE
COMPLICATED AND DIFFICULT ISSUES AND THEREFOR EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW ANY AND ALL RIGHT IT MAY HAVE TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF, RELATING TO OR IN CONNECTION
WITH THIS AGREEMENT. EACH OF THE PARTIES HERETO CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER
PARTY HAS REPRESENTED EXPRESSLY OR OTHERWISE THAT SUCH OTHER PARTY WOULD NOT IN THE EVENT OF LITIGATION SEEK TO ENFORCE THE FOREGOING
WAIVER, (B) EACH SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THE WAIVER, (C) EACH SUCH PARTY MAKES THIS WAIVER VOLUNTARILY
AND (D) EACH SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY AMONG OTHER THINGS THE MUTUAL WAIVERS IN THIS PARAGRAPH 18(b).

 

19.          Any notice, consent or request to be given in connection with any of the terms or provisions of this Sponsor Agreement shall be
in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand
delivery or email transmission to the receiving party’s address or email address set forth above or on the receiving party’s
signature page hereto; provided that any such notice, consent or request to be given to CAH or the Company at any time prior to the valid
termination of the Merger Agreement shall be given in accordance with the terms of Section 9.1 (Notices) of the Merger Agreement.

 

    	 	8	 

     

    

 

20.         This Sponsor Agreement shall terminate on the earlier of (i) termination of the Merger Agreement pursuant to Article
8 thereof (in which case this Sponsor Agreement shall be of no force or effect and shall revert to the Prior
Letter Agreement), (ii) the expiration of the Lock-up Periods, or (iii) the liquidation of CAH; provided, however, that paragraph
4 and paragraph 9 of this Sponsor Agreement shall survive such liquidation for a period of six years; provided, further,
that no such termination (including one that results in a reversion to the Prior Letter Agreement under clause (i)) shall relieve the
Sponsor, any Insider or CAH from any liability resulting from a willful breach of this Sponsor Agreement occurring prior to such termination.

 

21.         Each of the Sponsor and the Insiders hereby represents and warrants (severally and not jointly as to itself, himself or herself
only) to CAH and the Company as follows: (i) if such person is not an individual, it is duly organized, validly existing and in good
standing under the laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery
and performance of this Sponsor Agreement and the consummation of the transactions contemplated hereby are within such person’s
corporate, limited liability company or organizational powers and have been duly authorized by all necessary corporate, limited liability
company or organizational actions on the part of such person; (ii) if such person is an individual, such person has full legal capacity,
right and authority to execute and deliver this Sponsor Agreement and to perform his or her obligations hereunder; (iii) this Sponsor
Agreement has been duly executed and delivered by such person and, assuming due authorization, execution and delivery by the other parties
to this Sponsor Agreement, this Sponsor Agreement constitutes a legally valid and binding obligation of such person, enforceable against
such person in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar Laws affecting
creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remedies);
(iv) the execution and delivery of this Sponsor Agreement by such person does not, and the performance by such person of his, her
or its obligations hereunder will not, (A) if such person is not an individual, conflict with or result in a violation of the organizational
documents of such person, or (B) require any consent or approval that has not been given or other action that has not been taken
by any third party (including under any contract binding upon such person or such person’s Founder Shares or Private Placement Warrants,
as applicable), in each case, to the extent such consent, approval or other action would prevent, enjoin or materially delay the performance
by such person of its, his or her obligations under this Sponsor Agreement; (v) there are no Actions pending against such person
or, to the knowledge of such person, threatened against such person, before (or, in the case of threatened Actions, that would be before)
any arbitrator or any Governmental Authority, which in any manner challenges or seeks to prevent, enjoin or materially delay the performance
by such person of its, his or her obligations under this Sponsor Agreement; (vi) except for fees described on Section 4.11 of the
CAH Disclosure Schedule or disclosed in the proxy statement/prospectus of the Company, no financial advisor, investment banker, broker,
finder or other similar intermediary is entitled to any fee or commission from such person, CAH, any of its Subsidiaries or any of their
respective Affiliates in connection with the Merger Agreement or this Sponsor Agreement or any of the respective transactions contemplated
thereby and hereby, in each case, based upon any arrangement or agreement made by or, to the knowledge of such person, on behalf of such
person, for which CAH, the Company or any of their respective affiliates would have any obligations or liabilities of any kind or nature;
(vii) such person has had the opportunity to read the Merger Agreement and this Sponsor Agreement and has had the opportunity to
consult with its tax and legal advisors; (viii) such person has not entered into, and shall not enter into, any agreement that would
restrict, limit or interfere with the performance of such person’s obligations hereunder; (ix) except as otherwise described
in this Sponsor Agreement, such person has the direct or indirect interest in all of its, his or her Common Stock or Warrants and Founder
Shares and Private Placement Warrants, which are held through the Sponsor, the Sponsor has good title to all such Founder Shares and Private
Placement Warrants and any Common Stock or Warrants held by the Sponsor, and there exist no Liens or any other limitation or restriction
(including, without limitation, any restriction on the right to vote, sell or otherwise dispose of such securities (other than transfer
restrictions under the Securities Act) affecting any such securities, other than pursuant to (A) this Sponsor Agreement, (B) the
Charter, (C) the Merger Agreement, (D) the Registration Rights Agreement, or (E) any applicable securities laws); (x) the
Founder Shares and Private Placement Warrants listed on Annex A are the only equity securities in CAH (including, without
limitation, any equity securities convertible into, or which can be exercised or exchanged for, equity securities of CAH) owned of record
or beneficially owned by such person as of the date hereof and such person has the sole power to dispose of (or sole power to cause the
disposition of) and the sole power to vote (or sole power to direct the voting of) such Founder Shares and Private Placement Warrants
and none of such Founder Shares or Private Placement Warrants is subject to any proxy, voting trust or other agreement or arrangement
with respect to the voting of such Founder Shares or Private Placement Warrants, except as provided in this Sponsor Agreement; the Sponsor
and each Insider hereby agrees to supplement Annex A from time to time to the extent that the Sponsor or any Insider acquires
additional securities in CAH; and (xi) such person is not currently (and at all times through Closing will refrain from being or
becoming) a member of a “group” (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act,
or any successor provision), including any group acting for the purpose of acquiring, holding or disposing of equity securities of the
Issuer (within the meaning of Rule 13d-5(b)(1) under the Exchange Act).

 

    	 	9	 

     

    

 

22.         If, and as often as, there are any changes in CAH, the Common Stock, the Founder Shares or the Private Placement Warrants by way
of share split, share dividend, combination or reclassification, or through merger, consolidation, reorganization, recapitalization or
business combination, or by any other means, equitable adjustment shall be made to the provisions of this Sponsor Agreement as may be
required so that the rights, privileges, duties and obligations hereunder shall continue with respect to CAH, CAH’s successor or
the surviving entity of such transaction, the Common Stock, the Founder Shares or the Private Placement Warrants, each as so changed.

 

23.         Each of the parties hereto agrees to execute and deliver hereafter any further document, agreement or instrument of assignment,
transfer or conveyance as may be necessary or desirable to effectuate the purposes hereof and as may be reasonably requested in writing
by another party hereto.

 

[Signature
Page Follows]

 

    	 	10	 

     

    

 

	 	Sincerely,
	 	 
	 	SPONSOR:
	 	 
	 	CA Healthcare Sponsor LLC
	 	 
	 	By:	 /s/ Tim McMahon          
	 	Name: Tim McMahon 
	 	Title: Managing Member
	 	 
	 	 
	 	INSIDERS:
	 	 
	 	By:	 /s/ Larry J. Neiterman
	 	Name: Larry J. Neiterman
	 	 
	 	By:	 /s/ Jeffrey H. Barnes
	 	Name: Jeffrey H. Barnes 
	 	 
	 	By:	/s/ David Lang 
	 	Name: David Lang 
	 	 
	 	By:	/s/ David H. Klein 
	 	Name: David H. Klein 
	 	 
	 	By:	/s/ Afsaneh Naimollah 
	 	Name: Afsaneh Naimollah

 

[Signature
Page to Amended and Restated Sponsor Agreement]

  

    	 		 

     

    

  

 

	Acknowledged and Agreed:	 
	 	 
	CA HEALTHCARE ACQUISITION CORP.	 
	 	 
	By:	/s/ Larry J. Neiterman 	 
	 	Name: Larry J. Neiterman	 
	 	Title: Chief Executive Officer	 

 

[Signature
Page to Amended and Restated Sponsor Agreement]

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