Document:

Exhibit 4.3

 

RIGHTS AGREEMENT

 

This Rights Agreement
(this “Agreement”) is made as of January 24, 2022 between Keyarch Acquisition Corporation, a Cayman
Islands exempted company, with offices at 275 Madison Avenue, 39th floor New York, New York 10016 (the
 “Company”), and Continental Stock Transfer & Trust Company, a New York limited purposes trust company,
with offices at 1 State Street, New York, New York 10004 (“Rights Agent”).

 

WHEREAS, the Company is engaged
in an initial public offering (the “Offering”) of units of the Company’s equity securities (each, a “Unit”
and collectively, the “Units”) to EarlyBirdCapital, Inc. (the “Representative”), as
representative of the several underwriters, each such Unit comprised of one Class A ordinary share of the Company, par value $0.0001 per
share (“Ordinary Shares”), one right to receive one-tenth of one Ordinary Share upon the happening of an “Exchange
Event” (defined herein) (the “Public Rights”) and one-half of one redeemable warrant, and in connection
therewith, has determined to issue and deliver up to 11,500,000 Public Rights (including up to 1,500,000 Public Rights subject to the
over-allotment option) to public investors in the Offering; and

 

WHEREAS, the Company has
filed with the Securities and Exchange Commission a registration statement on Form S-1, File No. 333-261500, and the prospectus forming
a part thereof (the “Prospectus”), for the registration under the Securities Act of 1933, as amended, of the
Units and each of the securities comprising the Units, and the Ordinary Shares underlying the Public Rights; and

 

WHEREAS, Keyarch Global Sponsor
Limited (the “Sponsor”) and the Representative have agreed to purchase in a private placement transaction an
aggregate of 500,000 units (the “Private Units”) (consisting of 450,000 Private Units to be purchased by the
Sponsor and 50,000 Private Units to be purchased by the Representative). The Sponsor and the Representative have also agreed to purchase
up to an additional 45,000 Private Units if the over-allotment option is exercised in full (consisting of 40,500 Private Units to be purchased
by the Sponsor and 4,500 Private Units to be purchased by the Representative). In connection with and upon the consummation of such private
placement, the Company will issue and deliver up to 545,000 rights (the “Private Rights”) as part of such Private
Units (including up to 45,000 Private Rights subject to the over-allotment option); and

 

WHEREAS, the Company may
issue up to 150,000 units (the “Working Capital Units”) upon conversion of certain working capital loans made
by the Sponsor, an affiliate of the Sponsor or certain of the Company’s officers and directors, and in connection therewith, the
Company will issue and deliver up to an aggregate of 150,000 rights as part of such Working Capital Units upon consummation of such conversion
(the “Working Capital Rights”, ” and, together with the Public Rights and the Private Rights, the “Rights”).

 

WHEREAS, the Company desires
the Rights Agent to act on behalf of the Company, and the Rights Agent is willing to so act, in connection with the issuance, registration,
transfer and exchange of the Rights; and

 

WHEREAS, the Company desires
to provide for the form and provisions of the Rights, the terms upon which they shall be issued, and the respective rights, limitation
of rights, and immunities of the Company, the Rights Agent, and the holders of the Rights; and

 

WHEREAS, all acts and things
have been done and performed which are necessary to make the Rights, when executed on behalf of the Company and countersigned by or on
behalf of the Rights Agent, as provided herein, the valid, binding and legal obligations of the Company, and to authorize the execution
and delivery of this Agreement.

 

NOW, THEREFORE, in consideration of the mutual agreements
herein contained, the parties hereto agree as follows:

 

1.            Appointment
of Rights Agent. The Company hereby appoints the Rights Agent to act as agent for the Company for the Rights, and the Rights Agent
hereby accepts such appointment and agrees to perform the same in accordance with the terms and conditions set forth in this Agreement.

 

2.            Rights.

 

2.1.          Form
of Right. Each Right shall be issued in registered form only, shall be in substantially the form of Exhibit A hereto, the provisions
of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chief Executive Officer and the Chief
Financial Officer of the Company and shall bear a facsimile of the Company’s seal. In the event the person whose facsimile signature
has been placed upon any Right shall have ceased to serve in the capacity in which such person signed the Right before such Right is issued,
it may be issued with the same effect as if he or she had not ceased to be such at the date of issuance.

 

2.2.          Effect
of Countersignature. Unless and until countersigned by the Rights Agent pursuant to this Agreement, a Right shall be invalid and of
no effect and may not be exchanged for Ordinary Shares.

 

     

     

    

 

2.3.          Registration.

 

2.3.1.            Right
Register. The Rights Agent shall maintain books (“Rights Register”) for the registration of original issuance
and the registration of transfer of the Rights. Upon the initial issuance of the Rights, the Rights Agent shall issue and register the
Rights in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to
the Rights Agent by the Company.

 

2.3.2.            Registered
Holder. Prior to due presentment for registration of transfer of any Right, the Company and the Rights Agent may deem and treat the
person in whose name such Right shall be registered upon the Rights Register (“registered holder”) as the absolute
owner of such Right and of each Right represented thereby (notwithstanding any notation of ownership or other writing on the Right Certificate
made by anyone other than the Company or the Rights Agent), for the purpose of the exchange thereof, and for all other purposes, and neither
the Company nor the Rights Agent shall be affected by any notice to the contrary.

 

2.4.          Detachability
of Rights. The securities comprising the Units, including the Public Rights, will not be separately transferable until the
earlier to occur of: (i) the 90th day following the date of the Prospectus or (ii) the announcement by the Representative of its
intention to allow separate earlier trading, except that in no event will the securities comprising the Units be separately
tradeable until the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the
Company of the gross proceeds of the Offering including the proceeds received by the Company from the exercise of the over-allotment
option, if the over-allotment option is exercised by the date thereof and the Company issues a press release and files a Current
Report on Form 8-K announcing when such separate trading shall begin.

 

2.5.         Private
Rights and Working Capital Rights. The Private Rights and Working Capital Rights shall be identical to
the Public Rights, except that the Private Rights and Working Capital Rights may not be transferred, assigned or sold until thirty (30)
days after the completion by the Company of its initial business combination (the “Business Combination”); provided,
however, that the Private Rights, the Working Capital Rights and any Ordinary Shares issued upon conversion of the Private Rights and
Working Capital Rights may be transferred by the holders thereof (a) to the Company's officers or directors, any affiliates or family
members of any of the Company's officers or directors, any partners of the Sponsor, or any affiliates of the Sponsor, (b) in the case
of an individual, by gift to a member of the individual’s immediate family or 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,
by virtue of laws of descent and distribution upon death of the individual; (d) in the case of an individual, pursuant to a qualified
domestic relations order; (e) by private sales or transfers made in connection with the consummation of a business combination at prices
no greater than the price at which the securities were originally purchased; (f) in the event of our liquidation prior to our completion
of our initial business combination; (g) by virtue of the laws of Cayman Islands or the Sponsor's articles of association, as amended,
upon liquidation of our sponsor; or (h) in the event of our completion of a liquidation, merger, amalgamation, share exchange, reorganization
or other similar transaction which results in all of our shareholders having the right to exchange their Class A ordinary shares for cash,
securities or other property subsequent to our completion of our initial business combination; provided, however, that in the case of
clauses (a) through (e) and (g) these permitted transferees must enter into a written agreement agreeing to be bound by these transfer
restrictions.

 

2.6.         Lock-up
of Certain Rights. The Rights held by EarlyBirdCapital, Inc. and the Ordinary Shares that are issuable upon exercise of such Rights,
have been deemed compensation by the Financial Industry Regulatory Authority, Inc. (“FINRA”) and are therefore subject to
a 180-day lock-up pursuant to FINRA Rule 5110(e)(1), commencing on the date of sales of the Offering. Pursuant to FINRA Rule 5110(e)(1),
these securities will not be sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative,
put or call transaction that would result in the effective economic disposition of the securities for a period of 180 days beginning
on the date of commencement of sales of the Offering, except as provided in FINRA Rule 5110(e)(2).

 

3.         Terms and Exchange of Rights

 

3.1.          Rights.
Each Right shall entitle the holder thereof to receive one-tenth of one Ordinary Share upon the happening of an Exchange Event (defined
below). No additional consideration shall be paid by a holder of Rights in order to receive his, her or its Ordinary Shares upon an Exchange
Event as the purchase price for such Ordinary Shares has been included in the purchase price for the units. In no event will the Company
be required to net cash settle the Rights. The provisions of this Section 3.1 may not be modified, amended or deleted without the prior
written consent of the Representative.

 

3.2.          Exchange
Event. An “Exchange Event” shall occur upon the Company’s consummation of an initial Business Combination
(as defined in the Company’s Amended and Restated Memorandum and Articles of Association).

 

	 	3.3.	Exchange of Rights.
	 	 	 

3.3.1.            Issuance
of Ordinary Shares. As soon as practicable upon the occurrence of an Exchange Event, the Company shall direct holders of the Rights
to return their Rights Certificates to the Rights Agent. Upon receipt of a valid Rights Certificate, the Company shall issue to the registered
holder of such Right(s) a certificate or certificates, or book entry position, for the number of full Ordinary Shares to which he, she
or it is entitled, registered in such name or names as may be directed by him, her or it. Notwithstanding the foregoing, or any provision
contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company shall
not issue fractional shares upon exchange of Rights. At the time of an Exchange Event, the Company will either instruct the Rights Agent
to round down to the nearest whole Ordinary Share or otherwise inform it how fractional shares will be addressed, in accordance with Cayman
Islands law. Each holder of a Right will be required to affirmatively convert his, her or its rights in order to receive the 1/10 of a
share underlying each right (without paying any additional consideration) upon consummation of the Exchange Event. Each holder of a Right
will be required to indicate his, her or its election to convert the Rights into the underlying shares as well as to return the original
certificates evidencing the Rights to the Company.

 

3.3.2.            Valid
Issuance. All Ordinary Shares issued upon an Exchange Event in conformity with this Agreement shall be validly issued, fully paid
and nonassessable.

 

3.3.3.            Date
of Issuance. Each person in whose name any book entry position or certificate for Ordinary Shares is issued shall for all purposes
be deemed to have become the holder of record of such shares on the date of the Exchange Event, irrespective of the date of delivery of
such certificate.

 

3.3.4             Company
Not Surviving Following Exchange Event. Upon an Exchange Event in which the Company does not continue as the publicly held reporting
entity, the definitive agreement will provide for the holders of Rights to receive the same per share consideration the holders of the
Ordinary Shares will receive in such transaction, for the number of shares such holder is entitled to pursuant to Section 3.3.1 above.

 

     

     

    

 

3.5           Duration
of Rights. If an Exchange Event does not occur within the time period set forth in the Company’s Amended and Restated Memorandum
and Articles of Association, as the same may be amended from time to time, the Rights shall expire and shall be worthless.

 

	 	4.	Transfer and Exchange of Rights.
	 	 	 

4.1.          Registration
of Transfer. The Rights Agent shall register the transfer, from time to time, of any outstanding Right upon the Rights Register, upon
surrender of such Right for transfer, properly endorsed with signatures properly guaranteed and accompanied by appropriate instructions
for transfer. Upon any such transfer, a new Right representing an equal aggregate number of Rights shall be issued and the old Right shall
be cancelled by the Rights Agent. The Rights so cancelled shall be delivered by the Rights Agent to the Company from time to time upon
request.

 

4.2.          Procedure
for Surrender of Rights. Rights may be surrendered to the Rights Agent, together with a written request for exchange or transfer,
and thereupon the Rights Agent shall issue in exchange therefor one or more new Rights as requested by the registered holder of the Rights
so surrendered, representing an equal aggregate number of Rights; provided, however, that in the event that a Right surrendered for transfer
bears a restrictive legend, the Rights Agent shall not cancel such Right and issue new Rights in exchange therefor until the Rights Agent
has received an opinion of counsel for the Company stating that such transfer may be made and indicating whether the new Rights must also
bear a restrictive legend.

 

4.3.          Fractional
Rights. The Rights Agent shall not be required to effect any registration of transfer or exchange which will result in the issuance
of a Right Certificate for a fraction of a Right.

 

4.4.          Service
Charges. No service charge shall be made for any exchange or registration of transfer of Rights.

 

4.5.          Right
Execution and Countersignature. The Rights Agent is hereby authorized to countersign and to deliver, in accordance with the terms
of this Agreement, the Rights required to be issued pursuant to the provisions of this Section 4, and the Company, whenever required by
the Rights Agent, will supply the Rights Agent with Rights duly executed on behalf of the Company for such purpose.

 

	 	5.	Other Provisions Relating to Rights of Holders of Rights.

 

5.1.          No
Rights as Shareholder. Until exchange of a Right for Ordinary Shares as provided for herein, a Right does not entitle the registered
holder thereof to any of the rights of a shareholder of the Company, including, without limitation, the right to receive dividends, or
other distributions, exercise any preemptive rights to vote or to consent or to receive notice as shareholders in respect of the meetings
of shareholders or the election of directors of the Company or any other matter.

 

5.2.          Lost,
Stolen, Mutilated, or Destroyed Rights. If any Right is lost, stolen, mutilated, or destroyed, the Company and the Rights Agent may
on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case of a mutilated Right, include
the surrender thereof), issue a new Right of like denomination, tenor, and date as the Right so lost, stolen, mutilated, or destroyed.
Any such new Right shall constitute a substitute contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated,
or destroyed Right shall be at any time enforceable by anyone.

 

5.3.          Reservation
of Ordinary Shares. The Company shall at all times reserve and keep available a number of its authorized but unissued Ordinary Shares
that will be sufficient to permit the exchange of all outstanding Rights issued pursuant to this Agreement.

 

     

     

    

 

	 	6.	Concerning the Rights Agent and Other Matters.

 

6.1.          Payment
of Taxes. The Company will from time to time promptly pay all taxes and charges that may be imposed upon the Company or the Rights
Agent in respect of the issuance or delivery of Ordinary Shares upon the exchange of Rights, but the Company shall not be obligated to
pay any transfer taxes in respect of the Rights or such shares.

 

	 	6.2.	Resignation, Consolidation, or Merger of Rights Agent.

 

6.2.1.            Appointment
of Successor Rights Agent. The Rights Agent, or any successor to it hereafter appointed, may resign its duties and be discharged from
all further duties and liabilities hereunder after giving sixty (60) days’ notice in writing to the Company. If the office of the
Rights Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall appoint in writing a successor Rights
Agent in place of the Rights Agent. If the Company shall fail to make such appointment within a period of 30 days after it has been notified
in writing of such resignation or incapacity by the Rights Agent or by the holder of the Right (who shall, with such notice, submit his,
her or its Right for inspection by the Company), then the holder of any Right may apply to the Supreme Court of the State of New York
for the County of New York for the appointment of a successor Rights Agent at the Company’s cost. Any successor Rights Agent, whether
appointed by the Company or by such court, shall be a corporation organized and existing under the laws of the State of New York, in good
standing and having its principal office in the Borough of Manhattan, City and State of New York, and authorized under such laws to exercise
corporate trust powers and subject to supervision or examination by federal or state authority. After appointment, any successor Rights
Agent shall be vested with all the authority, powers, rights, immunities, duties, and obligations of its predecessor Rights Agent with
like effect as if originally named as Rights Agent hereunder, without any further act or deed; but if for any reason it becomes necessary
or appropriate, the predecessor Rights Agent shall execute and deliver, at the expense of the Company, an instrument transferring to such
successor Rights Agent all the authority, powers, and rights of such predecessor Rights Agent hereunder; and upon request of any successor
Rights Agent the Company shall make, execute, acknowledge, and deliver any and all instruments in writing for more fully and effectually
vesting in and confirming to such successor Rights Agent all such authority, powers, rights, immunities, duties, and obligations.

 

6.2.2.            Notice
of Successor Rights Agent. In the event a successor Rights Agent shall be appointed, the Company shall give notice thereof
to the predecessor Rights Agent and the transfer agent for the Ordinary Shares not later than the effective date of any such appointment.

 

6.2.3.            Merger
or Consolidation of Rights Agent. Any corporation into which the Rights Agent may be merged or with which it may be consolidated or
any corporation resulting from any merger or consolidation to which the Rights Agent shall be a party shall be the successor Rights Agent
under this Agreement without any further act.

 

	 	6.3.	Fees and Expenses of Rights Agent.

 

6.3.1.            Remuneration.
The Company agrees to pay the Rights Agent reasonable remuneration for its services as such Rights Agent hereunder and will reimburse
the Rights Agent upon demand for all expenditures that the Rights Agent may reasonably incur in the execution of its duties hereunder.

 

6.3.2.            Further
Assurances. The Company agrees to perform, execute, acknowledge, and deliver or cause to be performed, executed, acknowledged, and
delivered all such further and other acts, instruments, and assurances as may reasonably be required by the Rights Agent for the carrying
out or performing of the provisions of this Agreement.

 

     

     

    

 

	 	6.4.	Liability of Rights Agent.

 

6.4.1.            Reliance
on Company Statement. Whenever in the performance of its duties under this Agreement, the Rights Agent shall deem it necessary or
desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder, such fact
or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established
by a statement signed by the Chief Executive Officer or Chief Financial Officer and delivered to the Rights Agent. The Rights Agent may
rely upon such statement for any action taken or suffered in good faith by it pursuant to the provisions of this Agreement.

 

6.4.2.            Indemnity.
The Rights Agent shall be liable hereunder only for its own gross negligence, willful misconduct or bad faith. Subject to Section 6.6
below, the Company agrees to indemnify the Rights Agent and save it harmless against any and all liabilities, including judgments, costs
and reasonable counsel fees, for anything done or omitted by the Rights Agent in the execution of this Agreement except as a result of
the Rights Agent’s gross negligence, willful misconduct, or bad faith.

 

6.4.3.            Exclusions.
The Rights Agent shall have no responsibility with respect to the validity of this Agreement or with respect to the validity or execution
of any Right (except its countersignature thereof); nor shall it be responsible for any breach by the Company of any covenant or condition
contained in this Agreement or in any Right; nor shall it by any act hereunder be deemed to make any representation or warranty as to
the authorization or reservation of any Ordinary Shares to be issued pursuant to this Agreement or any Right or as to whether any Ordinary
Share will when issued be valid and fully paid and nonassessable.

 

6.5.          Acceptance
of Agency. The Rights Agent hereby accepts the agency established by this Agreement and agrees to perform the same upon the
terms and conditions herein set forth.

 

6.6           Waiver.
The Rights Agent hereby waives any right of set-off or any other right, title, interest or claim of any kind (“Claim”)
in, or to any distribution of, the Trust Account (as defined in that certain Investment Management Trust Agreement, dated as of the date
hereof, by and between the Company and the Rights Agent as trustee thereunder) and hereby agrees not to seek recourse, reimbursement,
payment or satisfaction for any Claim against the Trust Account for any reason whatsoever.

 

	 	7.	Miscellaneous Provisions.

 

7.1.          Successors.
All the covenants and provisions of this Agreement by or for the benefit of the Company or the Rights Agent shall bind and inure to the
benefit of their respective successors and assigns.

 

7.2.          Notices.
Any notice, statement or demand authorized by this Agreement to be given or made by the Rights Agent or by the holder of any Right to
or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private
courier service within five days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by
the Company with the Rights Agent), as follows:

Keyarch Acquisition Corporation

275 Madison Avenue, 39th floor

New York, New York 10016

Attn: Kai Xiong

 

Any notice, statement or demand authorized by
this Agreement to be given or made by the holder of any Right or by the Company to or on the Rights Agent shall be sufficiently given
when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five days after deposit
of such notice, postage prepaid, addressed (until another address is filed in writing by the Rights Agent with the Company), as follows:

 

Continental Stock Transfer & Trust Company

1 State Street

New York, New York 10004

Attn: Compliance Department

 

with a copy to:

 

EarlyBirdCapital, Inc.

366 Madison Avenue, 8th
Floor

New York, New York 10017

Attention: Steven Levine

 

     

     

    

 

7.3.          Applicable
Law. The validity, interpretation, and performance of this Agreement and of the Rights shall be governed in all respects by the laws
of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive
laws of another jurisdiction. The Company hereby agrees that any action, proceeding or claim against it arising out of or relating in
any way to this Agreement shall be brought and enforced in the courts of the State of New York or the United States District Court for
the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby
waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Any such process or summons
to be served upon the Company may be served by transmitting a copy thereof by registered or certified mail, return receipt requested,
postage prepaid, addressed to it at the address set forth in Section 7.2 hereof. Such mailing shall be deemed personal service and shall
be legal and binding upon the Company in any action, proceeding or claim. Notwithstanding the foregoing, the provisions of this paragraph
will not apply to suits brought to enforce any liability or duty created by the Exchange Act or any other claim for which the federal
district courts of the United States of America are the sole and exclusive forum.

 

Any person or entity purchasing
or otherwise acquiring any interest in the Rights shall be deemed to have notice of and to have consented to the forum provisions in this
Section 7.3. If any action, the subject matter of which is within the scope the forum provisions above, is filed in a court other
than a court located within the State of New York or the United States District Court for the Southern District of New York (a “foreign
action”) in the name of any right holder, such right holder shall be deemed to have consented to: (x) the personal jurisdiction
of the state and federal courts located within the State of New York or the United States District Court for the Southern District of
New York in connection with any action brought in any such court to enforce the forum provisions (an “enforcement action”),
and (y) having service of process made upon such right holder in any such enforcement action by service upon such right holder’s
counsel in the foreign action as agent for such right holder.

 

7.4.          Persons
Having Rights under this Agreement. Nothing in this Agreement expressed and nothing that may be implied from any of the
provisions hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than the parties
hereto and the registered holders of the Rights and, for the purposes of Sections 3.1, 7.4 and 7.8 hereof, the
Representative, any right, remedy, or claim under or by reason of this Agreement or of any covenant, condition, stipulation,
promise, or agreement hereof. The Representative shall be deemed to be a third-party beneficiary of this Agreement with respect to Sections
3.1, 7.4 and 7.8 hereof. All covenants, conditions, stipulations, promises, and agreements contained in this Agreement shall be
for the sole and exclusive benefit of the parties hereto (and the Representative with respect to the Sections 3.1, 7.4 and
7.8 hereof) and their successors and assigns and of the registered holders of the Rights. The provisions of this Section
7.4 may not be modified, amended or deleted without the prior written consent of the Representative.

 

7.5.          Examination
of the Right Agreement. A copy of this Agreement shall be available at all reasonable times at the office of the Rights Agent in the
Borough of Manhattan, City and State of New York, for inspection by the registered holder of any Right. The Rights Agent may require any
such holder to submit his, her or its Right for inspection by it.

 

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

 

7.7.          Effect
of Headings. The Section headings herein are for convenience only and are not part of this Agreement and shall not affect the interpretation
thereof.

 

7.8           Amendments.
This Agreement may be amended by the parties hereto without the consent of any registered holder for the purpose of curing any ambiguity,
or of curing, correcting or supplementing any defective provision contained herein or adding or changing any other provisions with respect
to matters or questions arising under this Agreement as the parties may deem necessary or desirable and that the parties deem shall not
adversely affect the interest of the registered holders. All other modifications or amendments shall require the written consent or vote
of the registered holders of a majority of the then outstanding Rights and, with respect to any amendment that solely affects the terms
of the Private Rights, the Working Capital Rights or any provision of this Agreement solely with respect to the Private Rights or the
Working Capital Rights, at least a majority of the number of then-outstanding Private Rights or the Working Capital Rights. The provisions
of this Section 7.8 may not be modified, amended or deleted without the prior written consent of the Representatives.

 

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

 

[Signature Page Follows]

 

     

     

    

 

IN WITNESS WHEREOF, this Agreement has been duly executed
by the parties hereto as of the day and year first above written.

 

	 	KEYARCH ACQUISITION CORPORATION
	 	 	 
	 	By:	/s/ Kai Xiong
	 	 	Name: Kai Xiong
	 	 	Title: Chief Executive Officer
	 	 	 
	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY
	 	 	 
	 	By:	/s/ Staci Aqui
	 	 	Name: Staci Aqui
	 	 	Title: Vice President

 

[Signature Page to Rights Agreement]

 

     

     

    

 

Exhibit A- Form of Right

 

     

     

    

 

Form of

 

Right

NUMBER

KEYARCH ACQUISITION CORPORATION

INCORPORATED UNDER THE
LAWS OF

THE CAYMAN ISLANDS

 

RIGHT

 

SEE REVERSE FOR

CERTAIN DEFINITIONS

 

CUSIP G5260A 120

 

THIS CERTIFIES THAT, for value received,is
the registered holder of a right or rights (the “Right” or “Rights,” respectively) to receive one-tenth of
one Class A ordinary share, par value $0.0001 per share of Keyarch Acquisition Corporation, a Cayman Islands exempted company (the
 “Company”), for each Right evidenced by this Right Certificate on the Company’s completion of an initial business
combination (as defined in the prospectus relating to the Company’s initial public offering (“Prospectus”)) upon
surrender of this Right Certificate pursuant to the Rights Agreement (the “Rights Agreement”) between the Company and
Continental Stock Transfer & Trust Company (the “Rights Agent”). In no event will the Company be required to net
cash settle any Right.

 

Upon liquidation of the
Company in the event an initial business combination is not consummated during the required period as identified in the
Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time, the
Right(s) shall expire and be worthless. The holder of a Right or Rights shall have no right or interest of any kind in the
Company’s trust account (as defined in the Prospectus).

 

Upon due presentment for registration
of transfer of the Right Certificate at the office or agency of the Rights Agent a new Right Certificate or Right Certificates of like
tenor and evidencing in the aggregate a like number of Rights shall be issued to the transferee in exchange for this Right Certificate,
without charge except for any applicable tax or other governmental charge.

 

The Company and the Rights
Agent may deem and treat the registered holder as the absolute owner of this Right Certificate (notwithstanding any notation of ownership
or other writing hereon made by anyone), for the purpose of any conversion hereof, of any distribution to the registered holder, and for
all other purposes, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary.

 

Holders of a Right or Rights are not entitled to any of the
rights of a shareholder of the Company.

 

Dated:

 

	 	[Corporate Seal]	 
	Chief Executive Officer	Cayman Islands	Chief Financial Officer

 

The following abbreviations, when
used in the inscription on the face of this certificate, shall be construed as

though they were written out in full according to applicable
laws or regulations:

 

	TEN COMas tenants in common	UNIF	________________Custodian________________
	–	GIFT MIN	 
	 	ACT -	 
	TEN  ENTas tenants by
    the entireties	 	(Cust)	(Minor)
	–	 	 
	JT TEN –  as joint tenants with right
    of survivorship and not as tenants in common	 	under   U.S.   Uniform   Gifts   to

    Minors Act
	 	 	 	 
	 	 

 

     

     

    

 

Additional Abbreviations may also be used though not in
the above list.

 

KEYARCH ACQUISITION CORPORATION

 

The Company will furnish without
charge to each shareholder who so requests the powers, designations, preferences and relative, participating, optional or other special
rights of each class of ordinary shares or series thereof of the Company and the qualifications, limitations, or restrictions of such
preferences and/or rights. This certificate and the rights represented thereby are issued and shall be held subject to all the provisions
of the Rights Agreement, and all amendments thereto, to all of which the holder of this certificate by acceptance hereof assents.

 

For value received,                                   hereby
sell(s), assign(s) and transfer(s) unto

 

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

 

 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF
ASSIGNEE(S))

 

 

Rights represented by the within Certificate, and do hereby
irrevocably constitute and appoint                         
Attorney to transfer the said rights on the books of the within named Company will full power of substitution in the
premises.

 

	Dated	 
	 	Notice: The signature to this
assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement
or any change whatever.

 

Signature(s) Guaranteed:

 

 

THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE
GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE
MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15).Exhibit 10.1

 

January 24, 2022

 

Keyarch Acquisition Corporation

275 Madison Avenue, 39th Floor

New York, New York, 10016

 

EarlyBirdCapital, Inc.

366 Madison Avenue, 8th Floor

New York, New York 10016

 

Re: Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (this
 “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the
 “Underwriting Agreement”) to be entered into by and between Keyarch Acquisition Corporation, a Cayman
Islands exempted company (the “Company”), and EarlyBirdCapital, Inc., as representative (the
 “Representative”) of the several underwriters (each, an “Underwriter” and
collectively, the “Underwriters”), relating to an underwritten initial public offering (the
 “Public Offering”) of 11,500,000 of the Company’s units (including up to 1,500,000 units that may be
purchased to cover over-allotments, if any) (the “Units”), each comprised of one Class A ordinary share,
par value $0.0001 per share (the “Ordinary Shares”), one-half of one warrant (each whole warrant, a
 “Warrant”) and one right (a “Right”). Each Warrant entitles the holder thereof
to purchase one Ordinary Share at a price of $11.50 per share, subject to adjustment, and each Right entitles the holder thereof to
receive 1/10th of one Ordinary Share upon consummation of a Business Combination. The Units shall be sold in the Public Offering pursuant to a registration
statement on Form S-1 and a prospectus (the “Prospectus”) filed by the Company with the U.S.
Securities and Exchange Commission (the “Commission”) and the Company shall apply to have the Units and
the components thereof listed on the Nasdaq Global Market. Certain capitalized terms used herein are defined in Section 1
hereof.

 

In order to induce the
Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the Public Offering and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of Keyarch Global Sponsor Limited (the
 “Sponsor”) and the undersigned individuals (each, an “Insider” and collectively,
the “Insiders”), hereby agrees with the Company as follows:

 

1.                  As
used herein, (i) “Business Combination” shall mean a merger, share exchange, asset acquisition, stock
purchase, reorganization or similar business combination, involving the Company and one or more businesses; (ii)
 “Founder Shares” shall mean 2,875,000 of the Class B ordinary shares, par value $0.0001 per share,
initially issued to the Sponsor (up to 375,000 of which are subject to complete or partial forfeiture by the Sponsor if the
over-allotment option is not exercised by the Underwriters) for an aggregate purchase price of $25,000, or $0.009 per share, prior
to the consummation of the Public Offering; (iii) “Shares” shall mean, collectively, the Ordinary
Shares and the Founder Shares; (iv) “Initial Shareholders” shall mean the Sponsor and any Insider
that holds Founder Shares; (v) “Private Placement Units” shall mean 500,000 Units, including 450,000
Units to be purchased by the Sponsor and 50,000 Units to be purchased by the Representative (and up to an additional 45,000 Units,
including 40,500 Units to be purchased by the Sponsor and 4,500 Units to be purchased by the Representative, if the over-allotment
is exercised in full), at a purchase price of $10.00 per Private Placement Unit, in a private placement that shall occur
simultaneously with the consummation of the Public Offering; (vi) “Public Shareholders” shall mean
the holders of securities issued in the Public Offering; (vii) “Trust Account” shall mean the trust
fund into which a portion of the net proceeds of the Public Offering and proceeds from the sale of Private Placement Units shall be
deposited with Continental Stock Transfer & Trust Company; (viii) “Transfer” shall mean the
(a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any 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 Securities
Exchange Act of 1934, as amended (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); and (ix) “Charter” shall mean the Company’s amended and
restated memorandum and articles of association, as the same may be amended from time to time. Terms not otherwise defined herein
shall have the meanings ascribed to such terms in the Prospectus.

 

    1 

     

    

 

2.                 
The Sponsor and each Insider agrees that (A) if the Company seeks shareholder approval of a proposed Business Combination,
then in connection with such proposed Business Combination, it, he or she shall (i) vote any Shares owned by it, him or her in favor
of any proposed Business Combination and (ii) not redeem any Shares owned by it, him or her in connection with such shareholder approval,
(B) if the Company engages in a tender offer in connection with any proposed Business Combination as described further in the Prospectus,
it, he or she shall not sell any Shares to the Company in connection therewith and (C) if the Company seeks shareholder approval
of any proposed amendment to the Charter prior to the consummation of a Business Combination, it, he or she shall not redeem any Shares
owned by it, him or her in connection with such shareholder approval. The Sponsor and each Insider further acknowledges and agrees that prior to entering into a Business Combination with a target business
that is affiliated with any Insider or its affiliates, such transaction must be approved by a majority of the Company’s disinterested
independent directors and the Company must obtain an opinion from an independent investment banking firm, or another independent entity
that commonly renders valuation opinions, that such Business Combination is fair to the Company’s unaffiliated shareholders from
a financial point of view.

 

3.                  The
Sponsor and each Insider hereby agrees that in the event that the Company fails to consummate a Business Combination within the time
period set forth in the Charter, the Sponsor and each Insider shall take all reasonable steps to cause the Company to (i) cease
all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than 10 business
days thereafter, subject to lawfully available funds therefor, redeem 100% of the Ordinary Shares 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, including interest earned on the funds held in the Trust Account and not previously
released to the Company to pay any 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 Shareholders’ rights as shareholders
(including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as
reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the
Company’s board of directors, dissolve and liquidate, subject in the case of clauses (ii) and (iii) above to the
Company’s obligations under Cayman Islands law to provide for claims of creditors and other requirements of applicable law.
The Sponsor and each Insider agrees to not propose any amendment to the Charter as described further in the Prospectus (i) that
would affect the substance or timing of the Company’s obligation to redeem 100% of the Offering Shares if the Company does not
complete a Business Combination within the time period described in the Prospectus or (ii) with respect to any other provision
relating to shareholders’ rights or pre-Business Combination activity (including the Company’s obligation to allow holders of Offering Shares to seek redemption of such shares as described in the Prospectus), unless the Company provides its Public Shareholders
with the opportunity to redeem their Offering Shares 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 the Company to pay any taxes, divided by the number of then outstanding Offering Shares.

 

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4.                 
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 the Company as a result of any liquidation of the Company with respect to the Founder
Shares held by it, him or her. The Sponsor and each Insider hereby further waives any claim such Sponsor or Insider may have in the future
as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the Trust Account for
any reason whatsoever except in each case with respect to the Insider’s right to a pro rata interest in the proceeds held in the
Trust Account for any Offering Shares such Sponsor or Insider may hold. The Sponsor and each Insider acknowledges and agrees that there will be no distribution from the Trust Account with respect to any Warrants
or Rights, all rights of which will terminate on the Company’s liquidation.

 

5.                 
In the event of the liquidation of the Trust Account, the Sponsor (which for purposes of clarification shall not extend to any
other shareholders, members or managers of the Sponsor) agrees to indemnify and hold harmless the Company 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, or any claim whatsoever) to which the Company may become
subject as a result of any claim by (i) any third party for services rendered or products sold to the Company or (ii) a prospective
target business (a “Target”); provided, however, that such indemnification of the Company by the Sponsor
shall apply only to the extent necessary to ensure that such claims by a third party for services rendered (other than the Company’s
independent public accountants) or products sold to the Company or a Target do not reduce the amount of funds in the Trust Account to
below (i) $10.10 per share of the Offering Shares or (ii) such lesser amount per share of the Offering Shares held in the Trust
Account due to reductions in the value of the trust assets as of the date of the liquidation of the Trust Account, in each case, net of
the amount of interest earned on the property in the Trust Account which may be withdrawn to pay taxes, except as to any claims by a third
party (including a Target) who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims
under the Company’s indemnity of the Underwriters against certain liabilities, including liabilities under the Securities Act of
1933, as amended. In the event that any such executed waiver is deemed to be unenforceable against such third party, the Sponsor shall
not be responsible to the extent of any liability for such third-party claims. The Sponsor shall have the right to defend against any
such claim with counsel of its choice reasonably satisfactory to the Company if, within 15 days following written receipt of notice of
the claim to the Sponsor, the Sponsor notifies the Company in writing that it shall undertake such defense.

 

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6.                  To
the extent that the Underwriters do not exercise their over-allotment option to purchase up to an additional 1,500,000 Units within
45 days from the date of the Prospectus (and as further described in the Prospectus), the Sponsor agrees to forfeit, at no
cost, up to 375,000 Founder Shares so that the number of Founder Shares will equal of 20% of the sum of the total number of Shares
outstanding at such time (excluding any Units our initial shareholders may purchase in the Public Offering, the private shares and
the founder shares issued to the Representative). The Sponsor and Insiders further agree that to the extent that the size of the
Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as applicable, with
respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number
of Founder Shares at 20% of the sum of the Shares outstanding at such time (excluding any Units the Sponsor and any Insider may
purchase in the Public Offering, the private shares and the founder shares issued to the Representative and/or its designees).

 

7.                 
The Sponsor and each Insider hereby agrees and acknowledges that: (i) the Underwriters and 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 Sections 2, 3, 4, 5, 8(a), 8(b)
and 9 as applicable, of this Letter 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.

 

8.                 
(a)           The Sponsor and each Insider agrees that it, he or she shall not transfer any of their Founder Shares until the earliest
of (a) 180 days after the date of the consummation of the Company’s initial Business Combination or (b) the date on which the Company
completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the Company’s
shareholders having the right to exchange their Ordinary Shares for cash, securities or other property (the “Founder Shares
Lock-up Period”). Jing Lu, our Chief Financial Officer, has an economic interest in up to 201,250 Founder Shares, assuming
full exercise of the underwriters’ over-allotment option. Ms. Lu’s husband is a Senior Managing Director of Revere Securities.
The founder shares that will be allocated to Ms. Lu as a result of her ownership of the economic interest have been deemed compensation
by FINRA and are therefore subject to a 180-day lock-up pursuant to FINRA Rule 5110(e)(1) commencing on the effective date of the registration
statement filed in connection with the Public Offering.

 

(b)          The
Sponsor and each Insider agrees that it, he or she shall not Transfer any Private Placement Units (or any securities underlying the Private
Placement Units), until 30 days after the completion of a Business Combination (the “Private Placement Units Lock-up
Period”, together with the Founder Shares Lock-up Period, the “Lock-up Periods”).

 

(c)          Notwithstanding
the provisions set forth in Sections 8(a) and (b), Transfers of the Founder Shares, Private Placement Units (or any securities
underlying the Private Placement Units) and that are held by the Sponsor, any Insider or any of their permitted transferees (that
have complied with this Section 8(c)), are permitted (a) to the Company’s officers or directors, any affiliates or
family members of any of the Company’s officers or directors, any members of the Sponsor, or any affiliates of the Sponsor or any underwriter and selected dealer participating in the Public Offering and their bona fide officers or partners;
(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 the Company’s liquidation prior to the
completion of an initial Business Combination; (g) transfers by virtue of the laws of the Cayman Islands or the Sponsor’s
limited liability company agreement upon dissolution of the Sponsor; (h) in the event of the Company’s liquidation,
merger, share exchange, reorganization or other similar transaction which results in all of the Company’s shareholders having
the right to exchange their Ordinary Shares for cash, securities or other property subsequent to the completion of the
Company’s initial Business Combination; and (i) transfers in connection with the Company’s initial Business
Combination with the Company’s consent to any third party; provided, however, that in the case of clauses (a) through
(e), and (h) and (i), these permitted transferees must enter into a written agreement agreeing to be bound by the restrictions
herein.

 

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9.                 
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 the Company (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 the Company is true and accurate in all respects. Each Insider represents and warrants that: 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; it or he has never been convicted of, or
pleaded guilty to, any crime (i) involving fraud, (ii) relating to any financial transaction or handling of funds of another
person, or (iii) pertaining to any dealings in any securities and it or he is not currently a defendant in any such criminal proceeding.

 

10.              Except
as disclosed in the Prospectus under the heading “Summary – The Offering – Limited Payments to Insiders,” neither the Sponsor nor any Insider nor any affiliate of the Sponsor or any Insider, nor any
director or officer of the Company, shall receive from the Company any finder’s fee, reimbursement, or cash payments prior to,
or in connection with any services rendered in order to effectuate the consummation of the Company’s initial Business
Combination (regardless of the type of transaction that it is).

 

11.             
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 Letter Agreement
and, as applicable, to serve as an officer and/or director on the board of directors of the Company and hereby consents to being named
in the Prospectus as an officer and/or director of the Company.

 

12.             
This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter
hereof and supersedes 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. This Letter 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.

 

    5 

     

    

 

13.             
No party hereto may assign either this Letter Agreement or any of its rights, interests, or obligations hereunder without the prior
written consent of the other party. Any purported assignment in violation of this Section shall be void and ineffectual and shall not
operate to transfer or assign any interest or title to the purported assignee. This Letter Agreement shall be binding on the Sponsor and
each Insider and their respective successors, heirs and assigns and permitted transferees.

 

14.             
Nothing in this Letter Agreement shall be construed to confer upon, or give to, any person or corporation other than the parties
hereto any right, remedy or claim under or by reason of this Letter Agreement or of any covenant, condition, stipulation, promise or agreement
hereof; provided, however, EarlyBirdCapital, Inc. as representative of the Underwriters shall be deemed a beneficiary hereof and be entitled
to enforce the provisions of this Agreement. All covenants, conditions, stipulations, promises and agreements contained in this Letter
Agreement shall be for the sole and exclusive benefit of the parties hereto and their successors, heirs, personal representatives and
assigns and permitted transferees.

 

15.             
This Letter 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.

 

16.             
This Letter 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 Letter 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 Letter Agreement a provision
as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

17.             
This Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without
giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The
parties hereto (i) all agree that any action, proceeding, claim or dispute arising out of, or relating in any way to, this Letter
Agreement shall be brought and enforced in the courts of New York City, in the State of New York, and irrevocably submit to such jurisdiction
and venue, which jurisdiction and venue shall be exclusive and (ii) waive any objection to such exclusive jurisdiction and venue
or that such courts represent an inconvenient forum.

 

18.             
Any notice, consent or request to be given in connection with any of the terms or provisions of this Letter 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 facsimile transmission.

 

[SIGNATURE PAGE APPEARS NEXT]

 

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SIGNATURE PAGE
TO INSIDER’S LETTER AGREEMEENT

 

KEYARCH ACQUISITION
CORPORATION

 

This Letter Agreement shall
terminate on the earlier of (i) the expiration of the Lock-up Periods or (ii) the liquidation of the Company; provided, however,
that this Letter Agreement shall earlier terminate in the event that the Public Offering is not consummated and closed by                          ; provided
further that Section 6 of this Letter Agreement shall survive such liquidation.

 

	 	SPONSOR
	 	 
	 	KEYARCH GLOBAL SPONSOR LIMITED
	 	 
	 	By:	/s/ Kai Xiong
	 	Name:	Kai Xiong
	 	Title:	Chief Executive Officer

 

	Officers and Directors:	 
	 	 
	/s/ Kai Xiong	 
	Kai Xiong	 
	Chief Executive Officer	 
	 	 
	/s/ Jing Lu	 
	Jing Lu	 
	Chief Financial Officer	 
	 	 
	/s/ Fang Zheng	 
	Fang Zheng	 
	Chairman	 
	 	 
	/s/ Mei Han	 
	Mei Han	 
	Director	 
	 	 
	/s/ Mark Taborsky	 
	Mark Taborsky	 
	Director	 
	 	 
	/s/ Doug Rothschild	 
	Doug Rothschild	 
	Director	 

  

    7

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