Document:

EX-10.1

 Exhibit 10.1 

ALI SALEHPOUR SEPARATION AGREEMENT AND RELEASE 

This Separation Agreement and Release (“Agreement”) is made by and between Ali Salehpour (“Executive”) and Applied
Materials, Inc. (the “Company”) (jointly referred to as the “Parties” and each individually referred to as a “Party”). 

RECITALS 
 WHEREAS,
Executive has been employed by the Company as its Senior Vice President, Services, Display and Flexible Technology and, as of September 1, 2022, has transitioned to the role of Advisor to the Company’s President and Chief Executive Officer
(the “CEO”); 
 WHEREAS, Executive signed the standard Employee Agreement with the Company dated November 29, 2012 (the
“Employee Agreement”); 
 WHEREAS, Executive entered into an offer letter with the Company dated as of November 12, 2012 (the
“Offer Letter”); 
 WHEREAS, Executive and the Company have determined that Executive’s employment with the Company will
terminate effective on January 6, 2023 (the “Planned Termination Date” and Executive’s actual date of employment termination, being the “Termination Date”); 

WHEREAS, Executive holds both stock-settled time-based and performance-based equity awards (the “Equity Awards”) granted under, and
subject to the terms and conditions of the Company’s Employee Stock Incentive Plan (the “Plan”) and the related equity award agreements (collectively with the Plan, the “Stock Agreements”); 

WHEREAS, the Company wishes to enter into this Agreement with Executive to receive assurance of Executive’s continued service through the
Planned Termination Date under the terms and conditions set forth in this Agreement; 
 WHEREAS, the Parties wish to resolve any and all
disputes, claims, complaints, grievances, charges, actions, petitions, and demands that the Executive may have against the Company and any of the Releasees as defined below, including, but not limited to, any and all claims arising out of, or in any
way related to Executive’s employment with, or separation from, the Company; and 
 WHEREAS, the Parties each have been represented in
the preparation and negotiation of this Agreement by legal counsel of their own choosing; 
 NOW, THEREFORE, in consideration of the mutual
promises made herein, the Company and Executive hereby agree as follows: 

 COVENANTS 

1. Consideration; Transition Period. 

a. Continuing Employment. The Company will continue to employ Executive as Advisor to the Company’s CEO up to and including the
Termination Date, and will continue to pay Executive his base salary as in effect as of the Effective Date (as defined below) in accordance with the Company’s regular payroll practices up to and including the Termination Date. Executive’s
period of employment up to and including the Termination Date under this Agreement is the “Transition Period.” During the Transition Period, Executive will perform the reasonable duties that are assigned to him by the Company’s CEO or
the CEO’s designee and that are based on Executive’s experience as a senior executive of the Company, including (but without limitation) to advise the CEO on matters reasonably requested by the CEO or the CEO’s designee and effectuate
a smooth and orderly transition of Executive’s roles, responsibilities and knowledge. Executive understands that as the Transition Period progresses, Executive’s role may diminish commensurately, and Executive will continue to provide
services through the Transition Period as assigned by the CEO or the CEO’s designee and that are based on Executive’s experience as a senior executive of the Company. Executive will provide his employment services remotely, but will attend
meetings at the Company’s Santa Clara campus from time to time if and as reasonably requested by the CEO or the CEO’s designee, and subject to reasonable business travel consistent with past practice. During the Transition Period,
Executive will continue to comply with his Employee Agreement as well as all other Company policies provided or made available to Executive in writing. The Company may not terminate Executive’s employment prior to the Planned Termination Date
except for Cause (as defined below), and Executive may terminate Executive’s employment with the Company prior to the Planned Termination Date for any reason or no reason. As of the Termination Date, Executive will cease to be subject to the pre-clearance requirements under the Company’s insider trading policy. Further, as of the September 1, 2022, the Company ceased to consider Executive to be an “officer” for purposes of
Section 16 under the Securities Exchange Act of 1934, as amended; it being understood that the Company’s determination in this regard is not binding on any court of competent jurisdiction, the Securities and Exchange Commission (the
“SEC”) or any other person (excluding the Company) and the Company may change its determination if required to do so by any such court, the SEC or other person with authority over the Company. 

b. Salary and Benefits During the Transition Period. 

i. Salary. During the Transition Period, the Company will continue to pay Executive his base salary (of $655,000 per year) in
accordance with the Company’s regular payroll practices. 
 ii. Benefits. During the Transition Period, except as otherwise
provided by this Agreement, Executive will continue to be eligible to participate in all employee benefits and programs (subject to the terms of the plan or program), including the Company’s health insurance plan. 

  
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 iii. Equity. Except as provided by the following sentence, Executive will continue
to vest in Executive’s outstanding Equity Awards on the same terms, schedule and conditions as set forth in the Stock Agreements governing such Equity Awards. The Parties agree that for purposes of the Stock Agreements, if Executive’s
termination of employment occurs on or after the Planned Termination Date for any reason, such termination will be deemed to be a voluntary resignation and therefore, Executive’s outstanding Equity Awards will remain eligible to vest to the
extent provided in the “Retirement” provisions of the Stock Agreements governing such awards (the vesting under such provisions, the “Retirement Acceleration”). Notwithstanding any contrary provision of this Agreement or the
Stock Agreements, as of the Effective Date, Executive agrees to permanently forfeit the portion of all Equity Awards that have not yet vested and that will no longer be eligible to vest as a result of continued employment through the Planned
Termination Date and/or performance achievement only for performance periods ending on or before the Planned Termination Date or as a result of the Retirement Acceleration (understanding that the portion of the Equity Awards that will vest as a
result of the Retirement Acceleration may not be known until the Termination Date or, with respect to Equity Awards subject to performance-based vesting, following the end of the applicable performance period). The foregoing acts as and is an
amendment to the impacted Equity Awards and, except as amended hereby, such Equity Awards remain subject to and governed by the terms of the applicable Stock Agreements, including the vesting requirements, whether service and/or performance-based.

 iv. Fiscal Year 2022 Bonus. If Executive remains employed by the Company through October 30, 2022 (the last day of the
Company’s Fiscal Year 2022) or Executive’s employment is terminated on account of Executive’s death or Disability, Executive will remain eligible to receive a Fiscal Year 2022 bonus under the Company’s Senior Executive Bonus Plan
(the “SEBP”) in accordance with its terms. Any bonus payable under the SEBP will be payable at the time(s) provided under, and in accordance with the terms of, the SEBP. Management will recommend to the Committee (as defined in the SEBP)
that, subject to funding of the bonus pool based on achievement of applicable Company performance goals as provided under the SEBP, and Executive performing the transition services in good faith, Executive be awarded a bonus under the SEBP assuming
a 1.0 multiplier (or actual multiplier if greater than 1.0) for his individual performance goals. However, Executive acknowledges and agrees that pursuant to the terms of the SEBP, the Committee retains discretion to determine the amount of any
bonuses under the SEBP in accordance with its terms. Executive will not be eligible for any bonus or incentive payment other than as described in this Section 1.b.iv. 

v. Fiscal Year 2023 Bonus. Executive acknowledges that he will not be eligible for any Fiscal Year 2023 bonus under the SEBP or
otherwise. 
 vi. Deferred Compensation. Executive is a participant in the Company’s 2016 Deferred Compensation Plan (the
“DCP”) and shall continue to be a participant in the DCP through the Termination Date subject to the terms and conditions, including eligibility requirements, of the DCP. As of the close of business on June 30, 2022, Executive’s
notional account under the DCP had a balance of $7,208,944.81, which balance is subject to change in accordance with the terms of the DCP. Executive was a participant in the Company’s DCP when it was known as the 2005 Executive Deferred
Compensation Plan (the “Frozen DC Plan”). As of the close of business on June 30, 2022, Executive’s notional account under the Frozen DC Plan, which is retained as a separate account under the DCP, had a balance of $315,859.64,
which balance is subject to change in accordance with the terms of the Frozen DC Plan. Executive shall be entitled to receive payments from the DCP and the Frozen DC Plan, respectively, for such balances in accordance with the terms of the DCP or
the Frozen DC Plan, as applicable, and in a manner intended to comply with Section 409A. 

  
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 c. Benefits. Executive’s health insurance benefits will cease on the last day of
the month in which his Termination Date occurs, subject to Executive’s right to continue his health insurance benefits under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”). Except as otherwise
provided in this Agreement, Executive’s participation in all benefits and incidents of employment, including, but not limited to, the accrual of bonuses, and vesting (including, but not limited to, vesting of equity awards), will cease as of
the Termination Date. 
 d. Termination Date Payments. Upon the Termination Date, the Company shall then pay Executive for all
accrued unpaid salary, and properly accrued and documented business expenses submitted by Executive on or prior to the Termination Date and approved in accordance with the Company’s business expense reimbursement policy. 

2. Consideration for Supplemental Release. 

a. Severance Payments and Benefits. If Executive meets the Release Requirements and otherwise complies with this Agreement: 

i. The Company will pay to Executive a total of $655,000 (the “Severance Payment”) as cash severance, less applicable payroll tax
and other required withholdings. The Severance Payment will be paid to Executive, subject to Section 27 below, in a lump sum on the one (1)-year anniversary of the Termination Date, payable less applicable payroll taxes and other required
withholdings. Notwithstanding the foregoing, if Executive engages in a Disqualifying Activity (as defined in Section 13 below) or breaches the continuing obligations in the Employee Agreement or Sections 4, 9, 10 or 13 below during the period
from his Termination Date through and including the one (1)-year anniversary of the Termination Date (the “Disqualifying Activity Period”), if it is not yet paid, the obligation to pay to Executive any and all portions of the Severance
Payment not yet paid to Executive will immediately cease and no further payments of the Severance Payment will be paid; and if any portion of the Severance Payment that has already been paid, Executive will be obligated to repay such portion of the
Severance Payment in full. 
 ii. The Company will pay to Executive an additional lump sum equal to (a) eighteen (18) multiplied by,
(b) the monthly premium cost for health care continuation under COBRA for Executive and Executive’s eligible dependents, as such premium cost is assessed as of immediately prior to the Termination Date for the health care coverage in which
Executive and his eligible dependents are enrolled as of immediately prior to the Termination Date (the “COBRA Payment”). The COBRA Payment will be paid to Executive, subject to Section 27 below, on the date that is six
(6) months and one (1) day following the Termination Date, payable less applicable payroll taxes and other required withholdings. This amount represents approximately eighteen (18) months of health benefits costs and will be paid
regardless of whether Executive elects COBRA. 

  
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 iii. For one year following the Termination Date, the Company will continue to designate
Executive with Global Service status under the Company’s arrangement with United Airlines. 
 b. Resignation; Termination for
Cause. Executive acknowledges and agrees that if Executive’s employment is terminated prior to the Planned Termination Date by the Company for Cause or by Executive for any reason other than on account of Executive’s death or
Disability as provided in this Agreement, Executive will not be entitled to receive any severance or other benefits (including continued vesting) except for those (if any) as may then be established under the Company’s then-existing benefits
plans and practices or pursuant to other then-effective written agreements with the Company (including under the applicable Stock Agreements). 

3. Payment of Compensation. Executive acknowledges and represents that, other than the consideration set forth in this Agreement, any
rights to receive base salary wages earned between the last payroll date prior to the Effective Date and the Termination Date, any rights to reimbursement of reasonable business expenses, and other than Executive’s continuing rights pursuant to
the terms of the Stock Agreements, as modified hereby (including with respect to the eligibility for the Retirement Acceleration), the Company has paid or provided all salary, wages, bonuses, housing allowances, relocation costs, interest,
severance, outplacement costs, fees, reimbursable expenses, commissions, stock, restricted stock units, performance shares and other equity-based awards, vesting, and any and all other benefits and compensation due to Executive through the date
hereof. 
 4. Release of Claims. Executive agrees that the foregoing consideration represents settlement in full of all outstanding
obligations owed to Executive by the Company and its current and former officers, directors, executives, employees, agents, investors in their capacities as owners of the Company, attorneys, shareholders in their capacities as owners of the Company,
administrators, affiliates, benefit plans, plan administrators, insurers, trustees, divisions, and subsidiaries, and predecessor and successor corporations and assigns (collectively, “Releasees”). With the exception of any rights or claims
Executive may have under the California Fair Employment and Housing Act (the “FEHA”), , Executive, on his own behalf and on behalf of his respective heirs, family members, executors, agents, and assigns, hereby and forever releases the
Releasees from, and agrees not to sue concerning, or in any manner to institute, prosecute, or pursue, any claim, complaint, charge, duty, obligation, demand, or cause of action relating to any matters of any kind, whether presently known or
unknown, suspected or unsuspected, that Executive may possess against any of the Releasees arising from any omissions, acts, facts, or damages that have occurred up until and including the date Executive signs this Agreement, including, without
limitation: 
 a. any and all claims relating to or arising from Executive’s employment relationship with the Company and the
termination of that relationship, including claims under the Offer Letter or other agreement with the Company; 
 b. without modifying or
waiving Executive’s continuing rights pursuant to the Stock Agreements, any and all claims relating to, or arising from, Executive’s right to purchase, or actual purchase of shares of stock of the Company, including, without limitation,
any claims for fraud, misrepresentation, breach of fiduciary duty, breach of duty under applicable state corporate law, and securities fraud under any state or federal law; 

  
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 c. any and all claims for wrongful discharge of employment; constructive discharge;
termination in violation of public policy; discrimination; harassment; retaliation; breach of contract, both express and implied; breach of covenant of good faith and fair dealing, both express and implied; promissory estoppel; negligent or
intentional infliction of emotional distress; fraud; negligent or intentional misrepresentation; negligent or intentional interference with contract or prospective economic advantage; unfair business practices; defamation; libel; slander;
negligence; personal injury; assault; battery; invasion of privacy; false imprisonment; conversion; and disability benefits; 
 d. any and
all claims for violation of any federal, state, or municipal statute, including, but not limited to, Title VII of the Civil Rights Act of 1964; the Civil Rights Act of 1991; the Rehabilitation Act of 1973; the Americans with Disabilities Act of
1990; the Equal Pay Act; the Fair Labor Standards Act; the Fair Credit Reporting Act; the Age Discrimination in Employment Act of 1967; the Older Workers Benefit Protection Act; the Employee Retirement Income Security Act of 1974; the Worker
Adjustment and Retraining Notification Act; the Family and Medical Leave Act; the Sarbanes-Oxley Act of 2002; the Immigration Reform and Control Act; the National Labor Relations Act; the California Family Rights Act; the California Labor Code; the
California Workers’ Compensation Act; the Unruh Civil Rights Act; the California Equal Pay Law; the California Unfair Business Practices Act; and the California Worker Adjustment and Retraining Notification Act; 

e. any and all claims for violation of the federal or any state constitution; 

f. any and all claims arising out of any other laws and regulations relating to employment or employment discrimination; 

g. any claim for any loss, cost, damage, or expense arising out of any dispute over the nonwithholding or other tax treatment of any of the
proceeds received by Executive as a result of this Agreement; and 
 h. any and all claims for attorneys’ fees and costs. 

Executive agrees that the release set forth in this Section shall be and remain in effect in all respects as a complete general release as to the matters
released. This release does not extend to any obligations incurred under this Agreement, any rights to receive base salary wages earned between the last payroll date prior to the Effective Date and the Termination Date, health, disability or life
insurance benefits payable in accordance with the Company’s benefit plans (to the extent Executive is eligible), or any rights with respect to director and officer indemnification pursuant to the Certificate of Incorporation and/or bylaws of
the Company and all written agreements for indemnification, exculpation of liability or advancement of expenses, in effect as of the Effective Date between the Company and any of its current or former directors and officers, as well as any such
indemnification or contribution rights afforded to Executive under applicable state or federal statute. This release does not release claims that cannot be released as a matter of law, including any Protected Activity (as defined below). Executive
represents that he has made no assignment or transfer of any right, claim, complaint, charge, duty, obligation, demand, cause of action, or other matter waived or released by this Section. For the avoidance of doubt, Executive will remain as an
insured on the director and officer liability insurance policy currently maintained by the Company, or as may be maintained by the Company from time to time. 

  
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 5. Acknowledgment of Waiver of Claims under ADEA. Executive acknowledges that he is
waiving and releasing any rights he may have under the Age Discrimination in Employment Act of 1967 (“ADEA”), and that this waiver and release is knowing and voluntary. Executive agrees that this waiver and release does not apply to any
rights or claims that may arise under the ADEA after the Effective Date of this Agreement. Executive acknowledges that the consideration given for this waiver and release is in addition to anything of value to which Executive was already entitled.
Executive further acknowledges that he has been advised by this writing that: (a) he should consult with an attorney prior to executing this Agreement; (b) he has twenty-one (21) days
within which to consider this Agreement; (c) he has seven (7) days following his execution of this Agreement to revoke this Agreement; (d) this Agreement shall not be effective until after the revocation period has expired; and
(e) nothing in this Agreement prevents or precludes Executive from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA, nor does it impose any condition precedent, penalties, or costs for doing so,
unless specifically authorized by federal law. In the event Executive signs this Agreement and returns it to the Company in less than the twenty-one (21)-day period
identified above, Executive hereby acknowledges that he has freely and voluntarily chosen to waive the time period allotted for considering this Agreement. Executive acknowledges and understands that revocation must be accomplished by a written
notification to the person executing this Agreement on the Company’s behalf that is received prior to the Effective Date. The Parties agree that changes, whether material or immaterial, do not restart the running of the twenty-one (21)-day period. 
 6. California Civil Code
Section 1542. Executive acknowledges that Executive has been advised to consult with legal counsel and is familiar with the provisions of California Civil Code Section 1542, a statute that otherwise prohibits the release
of unknown claims, which provides as follows: 
 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT
KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE AND THAT, IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY. 

Executive, being aware of said code section, agrees to expressly waive any rights he may have thereunder, as well as under any other statute or common law
principles of similar effect. 
 7. No Pending or Future Lawsuits; Representations. Executive represents that he has no lawsuits,
claims, or actions pending in his name, or on behalf of any other person or entity, against the Company or any of the other Releasees. Executive also represents that as of the date he signs this Agreement, Executive does not intend to bring any
claims on his own behalf or on behalf of any other person or entity against the Company or any of the other Releasees. Executive hereby confirms to the Company that he has complied and will continue to comply with all

  
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obligations under his Employee Agreement and all applicable NDAs, has complied and will continue to comply with all responsibilities and fiduciary duties, and has maintained and provided, and
will continue to maintain and provide, adequate protections for the Company’s intellectual property, trade secrets, and confidential information. The Company represents that it has no lawsuits, claims, or actions pending in its name, or on
behalf of any other person or entity, against Executive. The Company also represents that as of the date it signs this Agreement that it does not intend to bring any claims against Executive. 

8. Trade Secrets and Confidential Information. Executive acknowledges that, separate from this Agreement, Executive remains under
continuing obligations to the Company under the Employee Agreement, including the provisions therein regarding nondisclosure of the Company’s trade secrets and confidential and proprietary information. 

9. No Cooperation. Subject to Section 28 governing Protected Activity, Executive agrees that he will not knowingly encourage,
advise, or assist any attorneys or their clients in the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints by any third party against any of the Releasees, unless under a subpoena or other court
order to do so or upon written request from an administrative agency or the legislature or as related directly to the ADEA waiver in this Agreement and the Supplemental Release. Executive agrees both to immediately notify the Company upon receipt of
any such subpoena or court order or written request from an administrative agency or the legislature, and to furnish, within ten (10) business days of its receipt, a copy of such subpoena or other court order or written request from an
administrative agency or the legislature. If approached by anyone for counsel or assistance in the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints against any of the Releasees, Executive shall
state no more than that he cannot provide counsel or assistance. 
 10. Non-Disparagement.
Subject to Section 28 governing Protected Activity, Executive agrees to refrain from any disparagement, defamation, libel, or slander of any of the Releasees, and agrees to refrain from any tortious interference with the contracts and business
relationships of any of the Releasees. The Company will instruct Gary Dickerson, Brice Hill, Teri Little, Om Nalamasu, Prabu Raja, Susan Schmitt, and Keith Wells not to disparage, defame, libel, or slander Executive for so long as such individuals
remain employed by the Company; provided, however, that both Executive and the Company may respond accurately and fully to any question, inquiry or request for information when required by legal or regulatory process. Executive will direct any
inquiries by potential future employers to Susan Schmitt, the Company’s Group Vice President of Human Resources (or any successor), who will use her best efforts to provide only the Executive’s last position (of Senior Vice President,
Services, Displays and Flexible Technology) and dates of employment and will state that it is the Company’s policy to only provide that information about former employees. The Company agrees that Executive will be given a reasonable opportunity
to provide input on any publicly-distributed communication regarding Executive’s departure from the Company prior to publication or release of such communication, and the Company will consider such input in good faith. 

  
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 11. Breach. In addition to the rights provided in the “Attorneys’
Fees” Section below, Executive acknowledges and agrees that any material breach of this Agreement by Executive (including Sections 4, 9, 10 and 13) or his Employee Agreement will entitle the Company immediately recover and/or to cease providing
the Severance Payment and the COBRA Payment. Legal action by Executive in good faith challenging or seeking a determination of the validity of the Executive’s release of claims under the ADEA will not constitute a material breach of the
Agreement or the Supplemental Release. In the event of any other breach of this Agreement, the aggrieved Party will be entitled to all remedies provided by applicable law. 

12. No Admission of Liability. Executive understands and acknowledges that this Agreement constitutes a compromise and settlement of
any and all actual or potential disputed claims by Executive. No action taken by the Company hereto, either previously or in connection with this Agreement, shall be deemed or construed to be (a) an admission of the truth or falsity of any
actual or potential claims or (b) an acknowledgment or admission by the Company of any fault or liability whatsoever to Executive or to any third party. 

13. Disqualifying Activities. During the Disqualifying Activity Period, the following are “Disqualifying Activities”: working
as an employee, officer, director, consultant, contractor, advisor, or agent for any of the entities, or any of their parent entities, subsidiaries or affiliates, listed on Appendix B of this Agreement without the prior express written permission of
the CEO. 
 14. Definitions. 

a. Cause. For purposes of this Agreement, “Cause” means (i) Executive’s failure to reasonably perform the duties
assigned to him by the CEO, provided that Executive will receive one written notice of such failure and have one period of ten (10) business days following the written notice in which to cure such failure, it being understood and agreed that
Executive will not be entitled to any notice or cure period for any failure under this clause (i) that occurs or continues subsequent to the expiration of the one cure period referenced herein (ii) Executive’s act of personal
dishonesty in connection with his responsibilities as an employee and intended to result in Executive’s substantial personal enrichment, (iii) Executive being convicted of, or pleading no contest or guilty to, (A) a misdemeanor that
has had or will have a detrimental effect on the Company, or (B) any felony, (iv) Executive’s willful act that constitutes gross misconduct, or (v) Executive’s violation of any Company employment policy or standard of
conduct that has been provided or made available to Executive in writing, provided that Executive will receive one written notice of any act that constitutes a violation of any Company employment policy or standard of conduct that has been provided
or made available to Executive in writing and, if the act is curable, Executive will have one period of ten (10) business days following the written notice in which to cure such violation, it being understood and agreed that Executive will not
be entitled to any notice or cure period for any violation under this clause (v) that occurs or continues subsequent to the expiration of the one cure period referenced herein, and under no circumstance will Executive be entitled to any cure
period for a violation that is not curable. 
 b. Deferred Compensation Separation Benefits. For the purposes of this Agreement,
“Deferred Compensation Separation Benefits” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation
benefits payable to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A. 

  
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 c. Disability. For purposes of this Agreement, “Disability” shall be
interpreted consistent with the requirements of Section 409A and shall mean that Executive (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be
expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, or (ii) is, by reason of any medically determinable physical or mental impairment that can be expected to result in death
or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the
Company. The Board the Human Resources and Compensation Committee of the Board or their respective delegates will determine in good faith whether or not Executive has incurred a Disability based on such evidence as it deems necessary or appropriate.
Notwithstanding the foregoing, Executive will be deemed to qualify for Disability hereunder if he has been determined to be totally disabled by the Social Security Administration. 

d. Release Requirements. For the purposes of this Agreement, “Release Requirements” means, collectively, the following
requirements: (i) Executive remains employed through the Planned Termination Date or Executive’s employment is terminated as a result of Executive’s death or Disability; (ii) Executive executes this Agreement within 21 days of
receiving this Agreement, and does not revoke his execution of this Agreement within seven (7) days thereafter; (iii) Executive does not materially breach this Agreement or breach the Employee Agreement; and (iv) not earlier than the
Planned Termination Date, and not later than 21 days after the Planned Termination Date, Executive executes (or, in the event of Executive’s death, the executor of Executive’s estate executes) and provides to the Company, and within seven
(7) days thereafter does not revoke his execution of, a Supplemental Release of Claims (the “Supplemental Release”) in the form set forth as Appendix A to this Agreement. A copy of the Supplemental Release will be re-delivered to Executive (electronically through email, DocuSign or otherwise) on or around the Termination Date. 

e. Section 409A. For the purposes of this Agreement, “Section 409A” means, collectively, Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”), and the final regulations and guidance promulgated thereunder and any applicable state law equivalent, as each may be amended or promulgated from time to time. 

15. Costs. The Parties will bear its own costs, attorneys’ fees, and other fees incurred in connection with the preparation,
negotiation and execution of this Agreement. 
 16. Arbitration. Except to the extent applicable law prohibits such claims from being
submitted to mandatory arbitration, any dispute arising from or relating to this Agreement, their interpretation, Executive’s employment with the Company or the terms thereof, or any of the matters herein released, shall be subject to
arbitration under the Federal Arbitration Act (the “FAA”) and that the FAA shall govern and apply to this Agreement with full force and effect; however, without limiting any provisions of the FAA, a motion or petition or action to compel
arbitration may also be brought in state court under the procedural provisions of such state’s laws relating to motions or petitions or actions to compel arbitration. Executive agrees that, to the fullest extent permitted by law, Executive may
bring any such arbitration proceeding only in Executive’s individual capacity. Any arbitration shall occur in Santa Clara County, California, United States, in accordance with the Employment Arbitration Rules & Procedures (“JAMS
Rules”) of the 

  
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Judicial Arbitration and Mediation Services, Inc. (“JAMS”) then in effect, by one arbitrator who shall be selected from a list of arbitrators provided by JAMS and in accordance with the
JAMS Rules. The arbitrator shall have the authority to grant injunctive relief and specific performance. The Parties shall pay an equal share of the fees and costs of arbitration (including arbitrator fees, filing fees, administrative fees, and all
other fees and costs related to the arbitration). The arbitrator may award the prevailing Party in the arbitration an award of its reasonable attorneys’ fees, expert witness fees, and costs incurred in connection therewith. Judgment upon the
award so rendered may be entered and enforced in the United States federal courts located in the Northern District of California or, if jurisdiction is not proper in such federal courts, California Superior Court in the County of Santa Clara. This
Agreement shall be deemed to have been made in, and shall be construed pursuant to the laws of California, including with respect to substantive and procedural laws, without regard to conflicts of law provisions thereof. THE PARTIES HEREBY AGREE TO
WAIVE THEIR RIGHT TO HAVE ANY DISPUTE BETWEEN THEM RESOLVED IN A COURT OF LAW BY A JUDGE OR JURY. This Section will not prevent either Party from seeking injunctive relief (or any other provisional remedy) from any court having jurisdiction over the
Parties and the subject matter of their dispute relating to this Agreement and the agreements incorporated herein by reference. Should any term of this Section conflict with any other agreement between the Parties, the Parties agree that this
Section shall govern. 
 17. Tax Consequences. The Company makes no representations or warranties with respect to the tax
consequences of the payments and any other consideration provided to Executive or made on his behalf under the terms of this Agreement. Executive agrees and understands that he is responsible for payment, if any, of local, state, and/or federal
taxes on the payments and any other consideration provided hereunder by the Company, other than the portion representing employer Social Security and unemployment taxes, and any penalties, assessments or other costs related to such taxes (including
but not limited to under Section 409A), and that any and all payments and benefits hereunder are subject to applicable tax withholdings and other required withholdings. Executive further agrees to indemnify and hold the Company harmless from
any claims, demands, deficiencies, penalties, interest, assessments, executions, judgments, or recoveries by any government agency against the Company for any amounts claimed due on account of (a) Executive’s failure to pay or the
Company’s failure to withhold, or Executive’s delayed payment of, federal or state taxes, but explicitly not including (i) the portion representing employer Social Security and unemployment taxes or (ii) penalties or interest
imposed on the Company as a result of its failure to withhold, or (b) damages sustained by the Company by reason of any such claims, including attorneys’ fees and costs. 

18. Authority. The Company represents and warrants that the CEO has the authority to act on behalf of the Company and to bind the
Company and all who may claim through it to the terms and conditions of this Agreement. Executive represents and warrants that he has the capacity to act on his own behalf and on behalf of all who might claim through him to bind them to the terms
and conditions of this Agreement. Each Party warrants and represents that there are no liens or claims of lien or assignments in law or equity or otherwise of or against any of the claims or causes of action released herein. 

  
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 19. No Representations. Executive represents that he has had an opportunity to
consult with an attorney, and has carefully read and understands the scope and effect of the provisions of this Agreement. Executive has not relied upon any representations or statements made by the Company that are not specifically set forth in
this Agreement. 
 20. Severability. In the event that any provision or any portion of any provision hereof becomes or is declared by
a court of competent jurisdiction or arbitrator to be illegal, unenforceable, or void, this Agreement will continue in full force and effect without said provision or portion of provision, except that if Sections 2.a, 4 or 13 of this Agreement or
the Supplemental Release when executed are held to be illegal, unenforceable or void as a result of legal action initiated by Executive or a defense raised by Executive in response to legal action initiated by the Company, then at its election the
Company may cease making any cash severance payments to Executive and recover from Executive any cash severance payments already made. 

21. Attorneys’ Fees. Except with regard to a legal action challenging or seeking a determination in good faith of the validity of
the ADEA waiver in this Agreement and the Supplemental Release, in the event that either Party brings an action to enforce or effect its rights under this Agreement, the prevailing Party will be entitled to recover its costs and expenses, including
the costs of mediation, arbitration, litigation, court fees, and reasonable attorneys’ fees incurred in connection with such an action, to the extent not prohibited under applicable law. 

22. Entire Agreement. This Agreement, the Employee Agreement, the Stock Agreements, the DCP and the Supplemental Release when executed
represent the entire agreement and understanding between the Company and Executive concerning the subject matter of this Agreement and Executive’s employment during the Transition Period and termination with the Company and the events leading
thereto and associated therewith, and supersede and replace any and all prior agreements and understandings concerning the subject matter of this Agreement and Executive’s relationship with and separation from the Company. To the extent that
there is any conflict or inconsistency between this Agreement and the Employee Agreement, this Agreement will govern. 
 23. No Oral
Modification. This Agreement may be amended only in a writing signed by Executive and the CEO. 
 24. Governing Law. This
Agreement will be governed by the laws of the State of California, without regard to choice-of-law provisions. 

25. Effective Date. Executive understands that this Agreement will be null and void if not executed by Executive within twenty-one (21) days after his receipt of this Agreement (such period, the “Review Period”). For purposes of this Agreement and for determining the last day of Review Period, the Parties hereto agree
that Executive will be treated as having initially received this Agreement on September 1, 2022 and the Review Period will end at 10:00 pm PST on September 22, 2022. Executive has seven (7) days after he signs this Agreement to revoke
it. This Agreement will become effective on the eighth (8th) day after Executive signed this Agreement, so long as it has been signed by the Parties and has not been revoked by Executive before that date (the “Effective Date”). 

  
 12 

 26. Counterparts. This Agreement may be executed in counterparts and by facsimile,
and each counterpart and facsimile will have the same force and effect as an original and will constitute an effective, binding agreement on the part of each of the undersigned. 

27. Internal Revenue Code Section 409A. 

a. Notwithstanding anything to the contrary in this Agreement, no Deferred Compensation Separation Benefits will become payable under this
Agreement until Executive has a “separation from service” within the meaning of Section 409A. Similarly, no severance payable to Executive, if any, pursuant to this Agreement that otherwise would be exempt from Section 409A
pursuant to Treasury Regulation Section 1.409A-1(b)(9) will be payable until Executive has a “separation from service” within the meaning of Section 409A. Further, if Executive is a
“specified employee” within the meaning of Section 409A at the time of Executive’s separation from service (other than due to death), then if and to the extent necessary to avoid subjecting Executive to an additional tax under
Section 409A, any Deferred Compensation Separation Payments that are otherwise payable within the first six (6) months following Executive’s separation from service will be paid on the date that is six (6) months and one
(1) day following the date of Executive’s separation of service. All subsequent Deferred Compensation Separation Benefits, if any, will be payable in accordance with the payment schedule applicable to each payment or benefit.
Notwithstanding anything herein to the contrary, if Executive dies following his separation from service but prior to the six (6) month anniversary of his separation from service, then any payments delayed in accordance with this
Section 27.a will be payable in a lump sum as soon as administratively practicable after the date of Executive’s death and all other Deferred Compensation Separation Benefits will be payable in accordance with the payment schedule
applicable to each payment or benefit. Each payment and benefit payable under this Agreement is intended to constitute a separate payment for purposes of Section 1.409A-2(b)(2) of the Treasury
Regulations. See Section 17 of this Agreement regarding Executive’s responsibility for the payment of taxes. 
 b. Executive and
the Company agree to work together in good faith to consider amendments to this Agreement and to take such reasonable actions that are appropriate or desirable to avoid imposition of any additional tax or income recognition prior to actual payment
to Executive under Section 409A. Notwithstanding any contrary provision of this Agreement, in no event will the Company have any liability or obligation to reimburse, indemnify, or hold harmless Executive (or Executive’s estate or
beneficiaries or any other person) for any taxes, costs or liabilities that may be imposed on or incurred by Executive (or Executive’s estate or beneficiaries or any other person) as a result of Section 409A or any provision of the Code.
The provisions of this Agreement are intended to comply with or be exempt from the requirements of Section 409A so that none of the Severance Payment, the COBRA Payment or other payments and benefits to be provided hereunder will be subject to
the additional tax imposed under Section 409A, and any ambiguities or ambiguous terms herein will be interpreted to so comply or be exempt. 

28. Protected Activity Not Prohibited. Executive understands that nothing in this Agreement shall in any way limit or prohibit
Executive from engaging in any Protected Activity. Protected Activity includes: (i) filing and/or pursuing a charge, complaint, or report with, or otherwise communicating, cooperating, or participating in any investigation or proceeding that
may be conducted by any federal, state or local government agency or commission, including the 

  
 13 

 
Securities and Exchange Commission, the Equal Employment Opportunity Commission, the Occupational Safety and Health Administration, and the National Labor Relations Board (“Government
Agencies”); and/or (ii) discussing or disclosing information about unlawful acts in the workplace, such as harassment or discrimination or any other conduct that Executive has reason to believe is unlawful. Executive understands that in
connection with such Protected Activity, Executive is permitted to disclose documents or other information as permitted by law, and without giving notice to, or receiving authorization from, the Company. Notwithstanding the foregoing, Executive
agrees to take all reasonable precautions to prevent any unauthorized use or disclosure of any Company trade secrets, proprietary information, or confidential information that does not involve unlawful acts in the workplace or the activity otherwise
protected herein. Executive further understands that Protected Activity does not include the disclosure of any Company attorney-client privileged communications or attorney work product. Any language in the Employee Agreement regarding
Executive’s right to engage in Protected Activity that conflicts with, or is contrary to, this Section 28 is superseded by this Agreement. In addition, pursuant to the Defend Trade Secrets Act of 2016, Executive is notified that an
individual will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (i) is made in confidence to a federal, state, or local government official (directly or indirectly)
or to an attorney solely for the purpose of reporting or investigating a suspected violation of law, or (ii) is made in a complaint or other document filed in a lawsuit or other proceeding, if (and only if) such filing is made under seal. In
addition, an individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the individual’s attorney and use the trade secret information in the court proceeding, if
the individual files any document containing the trade secret under seal and does not disclose the trade secret, except pursuant to court order. 

29. Voluntary Execution of Agreement. Executive understands and agrees that he executed this Agreement voluntarily, without any duress
or undue influence on the part or behalf of the Company or any third party, with the full intent of releasing all of his claims against the Company and any of the other Releasees. Executive acknowledges that: 

a. he has read this Agreement; 

b. he has been represented in the preparation, negotiation, and execution of this Agreement by legal counsel of his own choice or has
elected not to retain legal counsel; 
 c. he understands the terms and consequences of this Agreement and of the releases it contains;
and 
 d. he is fully aware of the legal and binding effect of this Agreement. 

* * * * 
 [Signature Page
Follows] 

  
 14 

 IN WITNESS WHEREOF, the Parties have executed this Agreement on the respective dates set
forth below. 
  

							
		 		 	Ali Salehpour, an individual
			
	Dated: September 22, 2022	 		 	 /s/ Ali Salehpour

		 		 	Ali Salehpour
			
		 		 	APPLIED MATERIALS, INC.
				
	Dated: September 23, 2022	 		 	By:	 	 /s/ Gary E. Dickerson

		 		 		 	Gary E. Dickerson
		 		 		 	President and Chief Executive Officer

 APPENDIX A 

SUPPLEMENTAL RELEASE OF CLAIMS 

YOU ARE ADVISED TO CONSULT WITH AN ATTORNEY ABOUT THIS 

SUPPLEMENTAL RELEASE OF CLAIMS PRIOR TO EXECUTING IT. 

This Supplemental Release Agreement (“Supplemental Release”) is made by and between Ali Salehpour (“Executive”) and
Applied Materials, Inc. (“Company”) (jointly referred to as the “Parties”). Terms capitalized herein but not defined herein shall have the meanings given to them in that certain Agreement by and between the Parties to which this
Appendix is attached. 
 1. Release of Claims. In consideration of the mutual promises, and consideration provided in the Ali
Salehpour Separation Agreement and Release, effective as of ________________, 2022 (the “Agreement”), Executive hereby verifies and confirms his renewed agreement to the terms of that Agreement, including but not limited to the release and
waiver of any and all claims relating to the services provided to the Company, releases any and all claims for violation of the California Fair Employment and Housing Act through the Supplemental Release Effective Date, and further extends such
release and waiver to any claims that may have arisen during the Transition Period as defined in the Agreement, including but not limited to claims under any local ordinance or state or federal employment law, including laws prohibiting
discrimination in employment on the basis of race, sex, age, disability, national origin, or religion, as well as any claims for misclassification, wrongful discharge, breach of contract, attorneys’ fees, costs, or any claims of amounts due for
fees, commissions, expenses, salary, bonuses, profit sharing or fringe benefits. For the avoidance of doubt, this Section does not modify or waive Executive’s continuing rights pursuant to the Stock Agreements. 

2. Consideration. Contingent on Executive’s execution and non-revocation of this
Supplemental Release and meeting the other Release Requirements (as defined in the Agreement), the Company agrees that Executive will be provided with the severance payments as set forth in Section 2.a of the Agreement, pursuant to the terms
and conditions set forth in the Agreement. 
 3. Incorporation of Terms of the Agreement. The Parties further acknowledge that the
terms of the Agreement shall apply to this Supplemental Release and are incorporated herein to the extent that they are not inconsistent with the express terms of this Supplemental Release. Any capitalized terms not otherwise defined herein shall
have the meanings ascribed to them in the Agreement. 
 4. Return of Company Property. Executive’s signature below constitutes
his certification under penalty of perjury that he has returned all documents and other items provided to Executive by the Company (with the exception of a copy of any employee handbook and personnel documents specifically relating to Executive),
developed or obtained by Executive in connection with Executive’s employment with the Company or otherwise belonging to the Company. 

  
 A-1 

 5. Payment of Compensation and Receipt of All Benefits. Executive acknowledges and
represents that, other than the consideration set forth in this Supplemental Release and other than Executive’s continuing rights pursuant to the terms of the Stock Agreements, as modified hereby (including with respect to the eligibility for
the Retirement Acceleration), and the payment of wages owed through the Supplemental Release Effective Date, the Company has paid or provided all salary, wages, bonuses, premiums, leaves, housing allowances, relocation costs, interest, severance,
outplacement costs, fees, reimbursable expenses, commissions, stock, restricted stock units, performance shares and other equity-based awards, vesting, and any and all other benefits and compensation due to Executive. 

6. Acknowledgment of Waiver of Claims under ADEA. Executive acknowledges that he is waiving and releasing any rights he may have under
the Age Discrimination in Employment Act of 1967 (“ADEA”), and that this waiver and release is knowing and voluntary. Executive agrees that this waiver and release does not apply to any rights or claims that may arise under the ADEA after
the Supplemental Release Effective Date of this Supplemental Release. Executive acknowledges that the consideration given for this waiver and release is in addition to anything of value to which Executive was already entitled. Executive further
acknowledges that he has been advised by this writing that: (a) he should consult with an attorney prior to executing this Supplemental Release; (b) he has had more than twenty-one
(21) days within which to consider this Supplemental Release; (c) he has seven (7) days following his execution of this Supplemental Release to revoke this Supplemental Release; (d) this Supplemental Release shall not be
effective until after the revocation period has expired; and (e) nothing in this Supplemental Release prevents or precludes Executive from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA, nor
does it impose any condition precedent, penalties, or costs for doing so, unless specifically authorized by federal law. Executive acknowledges and understands that revocation must be accomplished by a written notification to the person executing
this Supplemental Release on the Company’s behalf that is received prior to the Supplemental Release Effective Date. The Parties agree that changes, whether material or immaterial, do not restart the running of the twenty-one (21)-day period. 
 7. Protected Activity Not
Prohibited: Executive understands that nothing in this Supplemental Release shall in any way limit or prohibit Executive from engaging for a lawful purpose in any Protected Activity. For purposes of this Supplemental Release, “Protected
Activity” includes: (i) filing and/or pursuing a charge, complaint, or report with, or otherwise communicating, cooperating, or participating in any investigation or proceeding that may be conducted by any state, federal, or other
governmental agency or commission, including the Securities and Exchange Commission, the Equal Employment Opportunity Commission, the Occupational Safety and Health Administration, and the National Labor Relations Board (“Government
Agencies”); and/or (ii) discussing or disclosing information about unlawful acts in the workplace, such as harassment or discrimination or any other conduct that Executive has reason to believe is unlawful. Executive understands that in
connection with such Protected Activity, Executive is permitted to disclose documents or other information as permitted by law, and without giving notice to, or receiving authorization from, the Company. Notwithstanding the foregoing, Executive
agrees to take all reasonable precautions to prevent any unauthorized use or disclosure 

  
 A-2 

 
of any information that may constitute Company Confidential Information under the Employee Agreement to any parties other than the Government Agencies. Executive further understands that
“Protected Activity” does not include the disclosure of any Company attorney-client privileged communications. Any language in the Employee Agreement regarding Executive’s right to engage in Protected Activity that conflicts with, or
is contrary to, this paragraph is superseded by this Supplemental Release. In addition, pursuant to the Defend Trade Secrets Act of 2016, Executive is notified that an individual will not be held criminally or civilly liable under any federal or
state trade secret law for the disclosure of a trade secret that (i) is made in confidence to a federal, state, or local government official (directly or indirectly) or to an attorney solely for the purpose of reporting or investigating a
suspected violation of law, or (ii) is made in a complaint or other document filed in a lawsuit or other proceeding, if (and only if) such filing is made under seal. In addition, an individual who files a lawsuit for retaliation by an employer
for reporting a suspected violation of law may disclose the trade secret to the individual’s attorney and use the trade secret information in the court proceeding, if the individual files any document containing the trade secret under seal and
does not disclose the trade secret, except pursuant to court order. 
 8. Entire Agreement. The Agreement and this Supplemental
Release represent the entire agreement and understanding between the Company and Executive concerning the subject matter of this Supplemental Release, the Agreement and Executive’s separation from the Company and the events leading thereto and
associated therewith, and supersede and replace any and all prior agreements and understandings concerning the subject matter of this Supplemental Release and Executive’s separation from the Company, including but not limited to the Offer
Letter, with the exception of the Agreement, the Employee Agreement, and the Stock Agreements, as otherwise modified in the Agreement or the Supplemental Release. 

9. Expiration of Supplemental Release. Executive understands that this Supplemental Release shall be null and void if not executed by
him within twenty-one (21) days following the Termination Date (as defined in the Agreement) but that Executive cannot execute this Supplemental Release before the Termination Date. A copy of this
Supplemental Release will be re-delivered to Executive (electronically through email, DocuSign or otherwise) on or around the Termination Date. Executive has seven (7) days after he signs this
Supplemental Release to revoke it. This Supplemental Release will become effective on the eighth (8th) day after Executive signed this Supplemental Release, so long as it has not been revoked by Executive before that date and Executive does not sign
it before the Termination Date (the “Supplemental Release Effective Date”). 
 10. Voluntary Execution of Supplemental
Release. Executive understands and agrees that he executed this Supplemental Release voluntarily, without any duress or undue influence on the part or behalf of the Company or any third party, with the full intent of releasing all of his claims
against the Company and any of the other Releasees. Executive acknowledges that: 
 (a) he has read this Supplemental Release; 

  
 A-3 

 (b) he has been represented in the preparation, negotiation, and execution of this
Supplemental Release by legal counsel of his own choice or has elected not to retain legal counsel; 
 (c) he understands the terms and
consequences of this Supplemental Release and of the releases it contains; and 
 (d) he is fully aware of the legal and binding effect of
this Supplemental Release. 
 [Signature Page Follows] 

  
 A-4 

 IN WITNESS WHEREOF, the Parties have executed this Supplemental Release on the respective
dates set forth below. 
  

									
		 		 		 	Ali Salehpour, an individual
				
	Dated: _________________, 202_	 		 		 	  

		 		 		 	Ali Salehpour
				
		 		 		 	APPLIED MATERIALS, INC.
					
	Dated: ___________________, 202_	 		 		 	By:	 	  

		 		 		 		 	Gary E. Dickerson
		 		 		 		 	President and Chief Executive Officer

  
 A-5Exhibit 10.1

 

SPONSOR LOCK-UP AND SUPPORT AGREEMENT

 

This SPONSOR LOCK-UP AND
SUPPORT AGREEMENT (this “Agreement”) is made and entered into as of September 30, 2022, by and among Asia
Innovations Group Limited, an exempted company incorporated with limited liability under the Laws of the Cayman Islands (the
 “Company”), Magnum Opus Acquisition Limited, an exempted company incorporated with limited liability under the
Laws of the Cayman Islands (“SPAC”), and the shareholders of SPAC set forth on Schedule A hereto (each, a
 “Major SPAC Shareholder”).

 

WHEREAS,
capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed thereto in the Agreement and Plan
of Merger (as may be amended, supplemented or otherwise modified from time to time in accordance with its terms, the “Merger
Agreement”), dated as of the date hereof, by and among the Company, Connect Merger Sub, an exempted company incorporated with
limited liability under the Laws of Cayman Islands and a wholly-owned subsidiary of the Company (“Merger Sub”) and
SPAC, pursuant to which, among other things, Merger Sub will merge with and into the SPAC (the “Merger”), whereupon
the separate existence of Merger Sub will cease, and SPAC will continue as the surviving company and a wholly-owned subsidiary of the
Company;

 

WHEREAS,
each Major SPAC Shareholder is, as of the date of this Agreement, the beneficial and sole legal owner of the number of SPAC Class B Shares
set forth opposite such Major SPAC Shareholder’s name on Schedule A hereto (such SPAC Class B Shares, together with any
other SPAC Shares (or any securities convertible into or exercisable or exchangeable for SPAC Shares) acquired by any Major SPAC Shareholder
after the date of this Agreement and during the term of this Agreement, being collectively referred to herein as the “Subject
Shares”; such SPAC Class B Shares beneficially owned by Sponsor, being referred to herein as the “Sponsor Founder
Shares”);

 

WHEREAS,
Magnum Opus Holdings LLC, a Cayman Islands limited liability company (“Sponsor”), is, as of the date of this Agreement,
the beneficial and sole legal owner of the number of SPAC Private Placement Warrants set forth opposite Sponsor’s name on Schedule
A hereto (such SPAC Private Placement Warrants, the “Subject Warrants”; such SPAC Private Placement Warrants beneficially
owned by Sponsor, being referred to herein as the “Sponsor Founder Warrants”); and

 

WHEREAS,
as a condition to their willingness to enter into the Merger Agreement, the Company and SPAC have requested that Major SPAC Shareholders
enter into this Agreement.

 

NOW,
THEREFORE, in consideration of the premises set forth above, which are incorporated into this Agreement as if fully set forth
below, and intending to be legally bound hereby, the parties hereto agree as follows:

 

    1

     

    

 

Article
I

Representations and Warranties of Major SPAC Shareholders 

 

Each Major SPAC Shareholder hereby represents
and warrants to the Company and SPAC as follows:

 

1.1             
 Corporate Organization. Such Major SPAC Shareholder, if an entity, (a) has been duly organized, is validly existing and
is in good standing under the Laws of its jurisdiction of organization and has the requisite corporate power and authority to own, lease
or operate its assets and properties and to conduct its business as it is now being conducted; and (b) is duly licensed or qualified
and in good standing (where such concept is applicable) as a foreign entity in each jurisdiction in which the ownership of its property
or the character of its activities is such as to require it to be so licensed or qualified, except where failure to be so licensed or
qualified would not, individually or in the aggregate, reasonably be expected to prevent, impede or, in any material respect, delay or
adversely affect the performance by such Major SPAC Shareholder of its obligations under this Agreement.

 

1.2             
Due Authorization. Each Major SPAC Shareholder, if an entity, has all requisite corporate power and authority, and if an
individual, has full legal capacity, right and authority, to execute and deliver this Agreement, to perform its obligations hereunder
and to consummate the transactions contemplated hereby. If such Major SPAC Shareholder is an entity, the execution, delivery and performance
of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized and no other corporate
or equivalent proceeding on the part of such Major SPAC Shareholder is necessary to authorize this Agreement or such Major SPAC Shareholder’s
performance hereunder. This Agreement has been duly and validly executed and delivered by such Major SPAC Shareholder and, assuming due
authorization and execution by each other party hereto, this Agreement constitutes a legal, valid and binding obligation of such Major
SPAC Shareholder, enforceable against such Major SPAC Shareholder in accordance with its terms, subject to the Enforceability Exceptions.
If this Agreement is being executed in a representative or fiduciary capacity, the Person signing this Agreement has full power and authority
to enter into this Agreement on behalf of such Major SPAC Shareholder.

 

1.3             
Governmental Authorities; Consents. Assuming the truth and completeness of the representations and warranties of other
parties hereto contained in this Agreement, no consent of or with any Governmental Authority on the part of such Major SPAC Shareholder
is required to be obtained or made in connection with the execution, delivery or performance by such Major SPAC Shareholder of this Agreement
or the consummation by such Major SPAC Shareholder of the transactions contemplated hereby, other than (a) applicable requirements, if
any, of the Securities Act, the Exchange Act, and/ or any state “blue sky” securities Laws, and the rules and regulations
thereunder and (b) where the failure to obtain or make such consents or to make such filings or notifications would not prevent, impede
or, in any material respect, delay or adversely affect the performance by such Major SPAC Shareholder of its obligations under this Agreement.

 

1.4             
No-Conflict. The execution, delivery and performance by such Major SPAC Shareholder of this Agreement do not and will not
(a) if such Major SPAC Shareholder is an entity, contravene or conflict with or violate any provision of, or result in the breach of
the Organizational Documents of such Major SPAC Shareholder, (b) contravene or conflict with or result in a violation of any provision
of any Law, Permit or Governmental Order binding upon or applicable to such Major SPAC Shareholder or any of its properties or assets,
(c) violate, conflict with, result in a breach of any provision of or the loss of any benefit under, constitute a default under, or result
in the termination or acceleration of, or a right of termination, cancellation, modification, acceleration or amendment under, accelerate
the performance required by, any of the terms, conditions or provisions of any Contract to which such Major SPAC Shareholder is a party,
or (d) result in the creation or imposition of any Lien upon any of the properties or assets of such Major SPAC Shareholder, except in
the case of each of clauses (b) through (d) that would not prevent, impede or, in any material respect, delay or adversely affect the
performance by such Major SPAC Shareholder of its obligations under this Agreement.

 

    2

     

    

 

1.5             
Subject Shares. As of the date hereof, such Major SPAC Shareholder is the beneficial and sole legal owner of its Subject
Shares, and all such Subject Shares are owned by such Major SPAC Shareholder free and clear of all Liens, other than Liens pursuant to
this Agreement, the other Transaction Agreements, the Organizational Documents of the Company, any applicable Securities Laws or that
would not, individually or in the aggregate, reasonably be expected to prevent, delay or impair the ability of such Major SPAC Shareholder
to perform its obligations under this Agreement or the consummation of the Transactions. Such Major SPAC Shareholder does not legally
own any shares of SPAC other than the Subject Shares. Such Major SPAC Shareholder has the sole right to vote the Subject Shares, and
none of the Subject Shares is subject to any voting trust or other agreement, arrangement or restriction with respect to the voting of
the Subject Shares, except as contemplated by (i) this Agreement, (ii) the letter, dated as of March 23, 2021, among SPAC, Sponsor and
certain of SPAC’s current and former officers, directors and advisors (the “Insider Letter”), (iii) the other
Transaction Agreements, (iv) the SPAC Organizational Documents, (v) any applicable Securities Laws or (vi) that would not, individually
or in the aggregate, reasonably be expected to prevent, impede or, in any material respect, delay or adversely affect the performance
by such Major SPAC Shareholder of its obligations under this Agreement.

 

1.6             
Acknowledgement. Such Major SPAC Shareholder understands and acknowledges that the Company and SPAC are entering into the
Merger Agreement and the other Transaction Agreements in reliance upon such Major SPAC Shareholder’s execution and delivery of
this Agreement. Such Major SPAC Shareholder has been given a copy of the Transaction Agreements, is knowledgeable regarding the structure
of the Transactions, including the basis and purpose of the Merger Agreement and each of the other Transaction Agreements to which such
Major SPAC Shareholder is a party and the transactions contemplated thereby and the roles of each of the respective parties thereto,
and based on such information, made its own analysis and decision to enter this Agreement.

 

1.7             
Absence of Litigation. With respect to such Major SPAC Shareholder, as of the date hereof, there is no action, suit, investigation
or proceeding pending against, or, to the knowledge of such Major SPAC Shareholder, threatened against, such Major SPAC Shareholder or
any of such Major SPAC Shareholder’s properties or assets (including the Subject Shares) that could reasonably be expected to prevent,
impede or, in any material respect, delay or adversely affect the performance by such Major SPAC Shareholder of its obligations under
this Agreement.

 

1.8             
Additional Representations and Warranties of Individual Major SPAC Shareholder. Such Major SPAC Shareholder, if an individual,
(a) is not a minor, and is of full age and sound mind; and (b) has such knowledge and experience in financial and business matters that
he or she is capable of evaluating the risks of the transactions contemplated by this Agreement and the other Transaction Agreements.

 

    3

     

    

 

Article
II 

Representations and Warranties of SPAC 

 

SPAC hereby represents and warrants to each Major
SPAC Shareholder and the Company as follows:

 

2.1             
Corporate Organization. SPAC is a corporation duly incorporated, is validly existing and is in good standing under the
Laws of the Cayman Islands and has the requisite corporate power and authority to own, lease or operate its assets and properties and
to conduct its business as it is now being conducted. SPAC is duly licensed or qualified and in good standing (where such concept is
applicable) as a foreign entity in each jurisdiction in which the ownership of its property or the character of its activities is such
as to require it to be so licensed or qualified, except where failure to be so licensed or qualified would not, individually or in the
aggregate, reasonably be expected to prevent, impede or, in any material respect, delay or adversely affect the performance by SPAC of
its obligations under this Agreement.

 

2.2             
Due Authorization. SPAC has all requisite corporate power and authority to execute and deliver this Agreement, to perform
its obligations hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance of this Agreement
and the consummation of the transactions contemplated hereby have been duly and validly authorized and approved by the board of directors
of SPAC and no other corporate or equivalent proceeding on the part of SPAC is necessary to authorize this Agreement or SPAC’s
performance hereunder (except that the SPAC Shareholder Approval is a condition to the consummation of the Merger). This Agreement has
been duly and validly executed and delivered by SPAC and, assuming due authorization and execution by each other party hereto, this Agreement
constitutes a legal, valid and binding obligation of SPAC, enforceable against SPAC in accordance with its terms, subject to the Enforceability
Exceptions.

 

2.3             
No-Conflict. Subject to the receipt of the consents, approvals, authorizations and other requirements set forth in Section
5.05 of the Merger Agreement and obtaining the SPAC Shareholder Approval, the execution, delivery and performance by SPAC of this Agreement
and the consummation of the transactions by SPAC contemplated hereby do not and will not (a) contravene or conflict with or violate
any provision of, or result in the breach of the SPAC Organizational Documents, (b) contravene or conflict with or result in a violation
of any provision of any Law, Permit or Governmental Order binding upon or applicable to SPAC or any of its properties or assets, (c)
violate, conflict with, result in a breach of any provision of or the loss of any benefit under, constitute a default under, or result
in the termination or acceleration of, or a right of termination, cancellation, modification, acceleration or amendment under, accelerate
the performance required by, any of the terms, conditions or provisions of any Contract to which SPAC is a party, or (d) result in the
creation or imposition of any Lien upon any of the properties or assets of SPAC (including the Trust Account), except in the case of
each of clauses (b) through (d) that would not prevent, impede or, in any material respect, delay or adversely affect the performance
by SPAC of its obligations under this Agreement.

 

    4

     

    

 

Article
III 

Representations and Warranties of the Company 

 

The Company hereby represents and warrants to
each Major SPAC Shareholder and SPAC as follows:

 

3.1             
Corporate Organization. The Company is an exempted company duly incorporated, is validly existing and is in good standing
under the Laws of the Cayman Islands and has the requisite corporate power and authority to own, lease or operate its assets and properties
and to conduct its business as it is now being conducted. The Company is duly licensed or qualified and in good standing (where such
concept is applicable) as a foreign entity in each jurisdiction in which the ownership of its property or the character of its activities
is such as to require it to be so licensed or qualified, except where the failure to be so licensed or qualified would not, individually
or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

3.2             
Due Authorization. The Company has the requisite corporate power and authority to
execute and deliver this Agreement, (subject to the consents, approvals, authorizations and other requirements described in Section
4.04 or Section 4.05 of the Merger Agreement) to perform all obligations to be performed by it
hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance of this Agreement and the consummation
of the transactions contemplated hereby have been duly authorized by the Company Board and other than the consents, approvals,
authorizations and other requirements described in Section 4.04 or Section 4.05 of the Merger Agreement, no other corporate proceeding
on the part of the Company is necessary to authorize this Agreement or the Company’s performance hereunder. This Agreement has
been duly and validly executed and delivered by the Company and, assuming due and valid authorization, execution and delivery by each
other party hereto, this Agreement constitutes a valid and binding obligation of the Company, enforceable against the Company in accordance
with its terms, subject to the Enforceability Exceptions.

 

3.3             
No-Conflict. Subject to the receipt of the consents, approvals, authorizations, and other requirements set forth in Section
4.05 of the Merger Agreement and obtaining the Company Shareholder Approval, the execution, delivery and performance by the Company of
this Agreement and the consummation by the Company of the transactions contemplated hereby do not and will not, (a) contravene or conflict
with, or trigger shareholder rights that have not been duly waived under, the Organizational Documents of the Company or any of its Subsidiaries,
(b) contravene or conflict with or constitute a violation of any provision of any Law, Permit or Governmental Order binding upon or applicable
to the Company or any of its Subsidiaries or any of their respective assets or properties, (c) violate, conflict with, result in
a breach of any provision of or the loss of any benefit under, constitute a default under, or result in the termination or acceleration
of, or a right of termination, cancellation, modification, acceleration or amendment under, accelerate the performance required by, any
of the terms, conditions or provisions of any Specified Contract or (d) result in the creation or imposition of any Lien on any asset,
property or Equity Security of the Company or any of its Subsidiaries (other than any Permitted Liens), except in the case of clauses
(b) through (d) above as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

 

    5

     

    

 

Article
IV

Agreement to Vote; Certain Other Covenants
of Major SPAC Shareholders 

 

Each Major SPAC Shareholder covenants and agrees
during the term of this Agreement as follows:

 

4.1             
Agreement to Vote.

 

(a)              
In Favor of the Transactions. At any meeting of SPAC Shareholders called to seek the SPAC Shareholder Approval or the
SPAC Shareholder Extension Approval, including the SPAC Extraordinary General Meeting, or at any adjournment thereof, or in connection
with any written consent of SPAC Shareholders or in any other circumstances upon which a vote, consent or other approval with respect
to the SPAC Transaction Proposals or the Extension Proposal and any other transactions contemplated by the Merger Agreement and any other
Transaction Agreements, each Major SPAC Shareholder shall (i) if a meeting is held, appear at such meeting or otherwise cause the Subject
Shares to be counted as present at such meeting for purposes of establishing a quorum, and (ii) vote or cause to be voted (including
by class vote and/or written consent, if applicable) the Subject Shares in favor of granting the SPAC Shareholder Approval the SPAC Shareholder
Extension Approval or, if there are insufficient votes in favor of granting the SPAC Shareholder Approval, in favor of the adjournment
of such meeting of SPAC Stockholders to a later date. The obligations under this Section 4.1(a) shall apply mutatis mutandis to any additional
meetings or written consents of SPAC Shareholders to seek the vote, consent or approval by SPAC Shareholders of any additional extension(s)
of the Business Combination Deadline in accordance with the SPAC Organizational Documents.

 

(b)              
Against Other Transactions. At any meeting of SPAC Shareholders or at any adjournment thereof, or in connection with any
written consent of SPAC Shareholders or in any other circumstances upon which any Major SPAC Shareholder’s vote, consent or other
approval is sought, each Major SPAC Shareholder shall vote (or cause to be voted) the Subject Shares (including by withholding class
vote and/or written consent, if applicable) against (i) other than in connection with the Transactions, any Alternative Transaction Proposal
involving SPAC, (ii) allowing SPAC to execute or enter into, any agreement related to an Alternative Transaction Proposal, and (iii)
entering into any agreement, or agreement in principle requiring SPAC to impede, abandon, terminate or fail to consummate the transactions
contemplated by the Merger Agreement or breach its obligations thereunder, which, in each of cases (i) and (iii) of this sentence, would
be reasonably likely to in any material respect impede, interfere with, delay or attempt to discourage, frustrate the purposes of, result
in a breach by SPAC of, prevent or nullify any provision of the Merger Agreement or any other Transaction Agreement, the Mergers or any
other Transaction or change in any manner the voting rights of any class of SPAC Shares.

 

(c)              
Revoke Other Proxies. Each Major SPAC Shareholder represents and warrants that any proxies or powers of attorney heretofore
given in respect of the Subject Shares that may still be in effect are not irrevocable, and such proxies or powers of attorney have been
or are hereby revoked, other than the voting and other arrangements under the SPAC Organizational Documents and the Insider Letter.

 

    6

     

    

 

(d)              
Irrevocable Proxy and Power of Attorney. Each Major SPAC Shareholder hereby unconditionally and irrevocably grants to,
and appoints, the Company and any individual designated in writing by the Company, and each of them individually, as such Major SPAC
Shareholder’s proxy and attorney-in-fact (with full power of substitution), for and in the name, place and stead of such Major
SPAC Shareholder, to vote the Subject Shares, or grant a written consent or approval in respect of the Subject Shares, in a manner consistent
with Section 4.1(a). Each Major SPAC Shareholder understands and acknowledges that the Company is entering into the Merger Agreement
in reliance upon such Major SPAC Shareholder’s execution and delivery of this Agreement. Each Major SPAC Shareholder hereby affirms
that the irrevocable proxy and power of attorney set forth in this Section 4.1(d) are given in connection with the execution of
the Merger Agreement, and that such irrevocable proxy and power of attorney are given to secure a proprietary interest and may under
no circumstances be revoked. Each Major SPAC Shareholder hereby ratifies and confirms all that such irrevocable proxy and power of attorney
may lawfully do or cause to be done by virtue hereof. The irrevocable proxy and power of attorney granted hereunder shall automatically
terminate upon the termination of this Agreement.

 

4.2             
No Transfer. From the date of this Agreement until the date of termination of this Agreement, no Major SPAC Shareholder
shall, directly or indirectly, (i) (a) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option, right or
warrant to purchase or otherwise transfer, dispose of or agree to transfer or dispose of, directly or indirectly, or establish or increase
a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Exchange Act, and
the rules and regulations of the SEC promulgated thereunder, with respect to any Subject Share, (b) enter into any swap or other arrangement
that transfers to another, in whole or in part, any of the economic consequences of ownership of any Subject Shares, whether any such
transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) publicly announce any intention to effect any
transaction specified in clause (a) or (b) (the actions specified in clauses (a) to (c), collectively, “Transfer”),
other than pursuant to the Merger or as set forth in this Agreement or any other Transaction Agreements, (ii) grant any proxies or powers
of attorney or enter into any voting arrangement, whether by proxy, voting agreement, voting trust, voting deed or otherwise (including
pursuant to any loan of Subject Shares), or enter into any other agreement, with respect to any Subject Shares, in each case, other than
as set forth in the Merger Agreement, other Transaction Agreements or the voting and other arrangements under the SPAC Organizational
Documents, (iii) take any action that would reasonably be expected to make any representation or warranty of any Major SPAC Shareholder
herein untrue or incorrect, or would reasonably be expected to have the effect of preventing or disabling any Major SPAC Shareholder
from performing its obligations hereunder, or (iv) commit or agree to take any of the foregoing actions. Notwithstanding the foregoing,
any Major SPAC Shareholder may make Transfers of the Subject Shares (A) pursuant to this Agreement, (B) upon the consent of the
Company and SPAC, (C) between such Major SPAC Shareholder and any of its Affiliates (and any of such Major SPAC Shareholder’s and
its Affiliates’ respective executive officers and directors), or to any other Major SPAC Shareholder or such other person’s
officers, directors, members, family members or other Affiliates (including any Affiliate of any member of Sponsor), (D) in the case
of an individual, 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, (E) in the case of an individual, by virtue of laws of descent
and distribution upon death of the individual, (F) in the case of an individual, pursuant to a qualified domestic relations order, (G)
in the case of an individual, pursuant to a charitable gift or contribution, (H) by virtue of such Major SPAC Shareholder’s Organizational
Documents upon liquidation or dissolution of such Major SPAC Shareholder, and (I) as disclosed on Section 7.02(a) of the SPAC Disclosure
Schedules, so long as, in each case of clauses (A) through (I), the power to vote (including, without limitation, by proxy or power of
attorney) and otherwise fulfill such Major SPAC Shareholder’s obligations under this Agreement and the Merger Agreement is not
relinquished or prior to, and as a condition to the effectiveness of any such Transfer, such transferee shall enter into a written agreement,
in form and substance reasonably satisfactory to the Company and SPAC, agreeing to be bound by this Agreement to the same extent as such
Major SPAC Shareholder was with respect to such transferred Subject Shares; provided, further, that in the case of clauses
(E), (F), and (H), the transferee will not be required to assume voting obligations if the transferee’s assumption of such obligations
would violate any applicable Laws, including any Securities Laws, or would reasonably be expected to materially delay or impede the Registration
Statement or Proxy Statement being declared effective under the Securities Act. Any action attempted to be taken in violation of the
preceding sentence will be null and void. Each Major SPAC Shareholder agrees with, and covenants to, the Company and SPAC that such Major
SPAC Shareholder shall not request SPAC to register the Transfer (by book-entry or otherwise) of any certificated or uncertificated interest
representing any of the Subject Shares.

 

    7

     

    

 

4.3             
Waiver of Appraisal and Dissenters’ Rights. Each Major SPAC Shareholder agrees not to commence, join in, facilitate,
assist or encourage, and agree to take all actions necessary to opt out of any class in any class action with respect to any claim, derivative
or otherwise, against the Company, SPAC or Merger Sub, or any of their respective successors or directors (a) challenging the validity
of, or seeking to enjoin the operation of, any provision of this Agreement, or (b) alleging a breach of fiduciary duty of any person
in connection with the evaluation, negotiation or entry into the Merger Agreement. Each Major SPAC Shareholder hereby irrevocably waives,
and agrees not to exercise or assert, any dissenters’ rights under Section 238 of the Cayman Companies Law and any other similar
statute in connection with the Merger and the Merger Agreement.

 

4.4             
No Redemption. Each Major SPAC Shareholder irrevocably and unconditionally agrees that, from the date hereof and until
the termination of this Agreement, such Major SPAC Shareholder shall not elect to cause SPAC to redeem any Subject Shares now or at any
time legally or beneficially owned by such Major SPAC Shareholder, or submit or surrender any of its Subject Shares for redemption, in
connection with the Transactions.

 

4.5             
New Securities. In the event that prior to the Closing (a) any SPAC Shares or other Equity Securities of SPAC are issued
to any Major SPAC Shareholder, including, without limitation, pursuant to any stock dividend or distribution, or any change in any of
the SPAC Shares or other share capital of SPAC by reason of any stock split, recapitalization, reclassification, combination or exchange
of shares or the like, (b) any Major SPAC Shareholder acquires legal or beneficial ownership of any SPAC Shares or other Equity Securities
of SPAC after the date of this Agreement, including upon exercise of options, settlement of restricted share units or capitalization
of working capital loans, or (c) any Major SPAC Shareholder acquires the right to vote or share in the voting of any SPAC Share
or other Equity Securities of SPAC after the date of this Agreement (collectively, the “New Securities”), the terms
 “Subject Shares” shall be deemed to refer to and include such New Securities (including all such stock dividends and distributions
and any securities into which or for which any or all of the Subject Shares may be changed or exchanged into).

 

    8

     

    

 

4.6             
Insider Letter and Lock-Up.

 

(a)              
Each of Major SPAC Shareholders and SPAC hereby agree that from the date hereof until the termination of this Agreement, none
of them shall, or shall agree to, amend, modify or vary the Insider Letter, except in accordance with the Transaction Agreements or with
the prior written consent of the Company. For the avoidance of doubt, the Lock-Up Restrictions (as defined below) shall supersede the
lock-up provisions contained in Section 7 of the Insider Letter, which Insider Letter shall terminate and be of no further force or effect
as of the day following the Closing Date.

 

(b)              
The Company acknowledges that it is a party to (i) that certain Amended and Restated Shareholders Agreement dated as of October
31, 2014 by and among the Company and its shareholders (as may be amended and/or restated from time to time), (ii) the 2020 Convertible
Notes, 2021 Convertible Notes and 2022 Convertible Notes by and among the Company and the respective holders of Company Convertible Securities
(as amended, or amended and restated from time to time), (iii) Restricted Stock Unit Agreements by and between the Company and the respective
holders of Company RSUs, and (iv) Share Option Agreements by and between the Company and the respective holders of Company Options, each
containing lock-up restrictions that apply from and after the Closing (the “Company Shareholder Lock-Up”). To the
extent that the Company grants any holder of Equity Securities under a Company Shareholder Lock-Up a release of all or a portion of the
Company Ordinary Shares or Company Awards that are subject to such Company Shareholder Lock-Up (each such release, a “Company
Shareholder Release”),

 

(1)              
the Company shall, prior to each Company Shareholder Release, notify each Major SPAC Shareholder with reasonable details of such
Company Shareholder Release; and

 

(2)               with
respect to such Company Shareholder Release, each Major SPAC Shareholder, shall concurrently and automatically (without any further
action of any of the parties hereto) have the same Pro Rata Portion of such Major SPAC Shareholder’s Locked-Up Shares (as of
immediately before such Company Shareholder Release) be released from the Lock-Up Restrictions (starting first from such Locked-Up
Shares that are subject to a six-month lock-up); provided that this Section 4.6(b)(2) shall not apply
unless and until the Company has released an aggregate of 1,000,000 Equity Securities of the Company from the Company Shareholder
Lock-Up. “Pro Rata Portion” means a fraction, with reference to a holder of Equity Securities subject to a
Company Shareholder Lock-Up, that is equal to the number of Equity Securities being released in the relevant Company Shareholder
Release, divided by the total number of Equity Securities held by such holder which are subject to Company Shareholder Lock-Up as of
immediately prior to such release.

 

    9

     

    

 

4.7             
 Termination. This Agreement shall terminate upon the earlier of:

 

(a)              
the Closing, provided, however, that upon such termination, (i) Section 4.3, Section 4.6, this Section
4.7, Section 4.8, Section 7.1 and Section 7.4 shall survive indefinitely; and (ii) Article VI shall survive
until the date on which none of the Company, Sponsor or any holder of a Sponsor Earn-Out Share (as defined below) has any rights or obligations
hereunder;

 

(b)              
the written agreement of Major SPAC Shareholders, SPAC and the Company, and upon such termination, no party shall have any liability
hereunder other than for its willful and material breach of this Agreement prior to such termination; and

 

(c)              
the termination of the Merger Agreement in accordance with its terms, and upon such termination, no party shall have any liability
hereunder other than for its willful and material breach of this Agreement prior to such termination.

 

4.8             
Additional Matters. Each Major SPAC Shareholder shall, from time to time, (a) execute and deliver, or cause to be executed
and delivered, such additional or further consents, documents and other instruments as the Company or SPAC may reasonably request for
the purpose of effectively consummating the transactions contemplated by this Agreement, the Merger Agreement and the other Transaction
Agreements and (b) refrain from exercising any veto right, consent right or similar right (whether under the SPAC Organizational Documents
or the Cayman Companies Law) which would prevent, impede or, in any material respect, delay or adversely affect the consummation of the
Merger or any other Transaction.

 

4.9             
Waiver of Anti-Dilution Protection. Each Major SPAC Shareholder hereby waives, and agrees not to exercise, assert or claim,
to the fullest extent permitted by applicable Law, the ability to adjust the Initial Conversion Ratio (as defined in the SPAC A&R
M&AA) pursuant to and in compliance with Section 17.4 of the SPAC A&R M&AA in connection with the Transactions.

 

4.10         
Exclusivity and Confidentiality. Each Major SPAC Shareholder shall be bound by and comply with Sections 8.05(a) (Exclusivity;
SPAC Board Recommendation) and 8.07(b) (Confidentiality; Publicity) of the Merger Agreement (and any relevant definitions
contained in any such sections) as if (a) such Major SPAC Shareholder was an original signatory to the Merger Agreement with respect
to such provisions, and (b) each reference to the “Company” contained in Section 8.05(a) of the Merger Agreement (other than
Section 8.05(a)(i) or for purposes of the definition of Alternative Transaction Proposal) and “Affiliates” contained in Section
8.07(b) of the Merger Agreement also referred to such Major SPAC Shareholder.

 

4.11         
Consent to Disclosure. Each Major SPAC Shareholder consents to and authorizes the Company or SPAC, as applicable, to publish
and disclose in all documents and schedules filed with the SEC or any other Governmental Authority or applicable securities exchange,
and any press release or other disclosure document that the Company or SPAC, as applicable, reasonably determines to be necessary or
advisable in connection with the Merger or any other transactions contemplated by the Merger Agreement or this Agreement, such Major
SPAC Shareholder’s identity and ownership of the Subject Shares, the existence of this Agreement, and the nature of such Major
SPAC Shareholder’s commitments and obligations under this Agreement. Each Major SPAC Shareholder acknowledges that the Company
or SPAC may, in their sole discretion, file this Agreement or a form hereof or thereof with the SEC or any other Governmental Authority
or securities exchange. Each Major SPAC Shareholder shall promptly give the Company or SPAC, as applicable, any information that is in
its possession that the Company or SPAC, as applicable, may reasonably request for the preparation of any such disclosure documents,
and such Major SPAC Shareholder agrees to promptly notify the Company and SPAC of any required corrections with respect to any written
information supplied by it specifically for use in any such disclosure document, if and to the extent that such Major SPAC Shareholder
shall become aware that any such information shall have become false or misleading in any material respect.

 

    10

     

    

 

4.12         
Share Adjustment in connection with SPAC Transaction Expenses. If the accrued and unpaid SPAC Transaction Expenses (as
set forth on the written statement to be delivered to the Company pursuant to Section 3.10 of the Merger Agreement) (excluding any deferred
underwritten commissions, Transaction Financing Expenses, and any fees or expenses in connection with (i) tax or tax structuring related
work, (ii) printing and filing of any SEC filings (other than 50% of the filing fees incurred in connection with filing the Registration
Statement, the Proxy Statement or the Proxy Statement/Prospectus), or (iii) investors relations or public relation advisors) exceed $8,500,000
(the “SPAC Expense Cap”), then, at the Closing, Sponsor shall be responsible for the sum of the amounts by which the
SPAC Transaction Expenses exceed the SPAC Expense Cap (the “Overage”), by (a) forfeiting, immediately prior to the
Closing and prior to the SPAC Class B Conversion pursuant to the SPAC A&R M&AA, a number of SPAC Class B Shares (with each such
SPAC Class B Share valued at $10.00 per share) that would, in the aggregate, have a value equal to the Overage; or (b) paying, or causing
to be paid, the Overage by wire transfer of immediately available funds in U.S. dollar to the Trust Account; or (c) paying, or causing
to be paid the Overage using a combination of clauses (a) and (b) above, which Sponsor may elect at its sole discretion.

 

Article
V

Lock-Up

 

5.1             
Lock-Up Provisions.

 

(a)              
Subject to the exceptions set forth herein, during the Lock-Up Period (as defined below), each Major SPAC Shareholder agrees not
to, without the prior written consent of the Company Board, Transfer any Locked-Up Shares held by such Major SPAC Shareholder. The foregoing
limitations shall remain in full force and effect for the Lock-Up Period (as defined below). For purpose of this Section 5.1,
(i) “Locked-Up Shares” means any Company Ordinary Shares (other than the Sponsor Earn-Out Shares) held by the Major
SPAC Shareholders immediately after the Effective Time. For the avoidance of doubt, the Locked-Up Shares exclude any SPAC Warrants held
by any Major SPAC Shareholder or any Company Ordinary Shares acquired by any Major SPAC Shareholder upon the conversion, exercise or
exchange of any SPAC Warrants; and (ii) “Lock-Up Period” with respect to each Major SPAC Shareholder means (x) with
respect to 50% of such Major SPAC Shareholder’s Locked-Up Shares, six (6) months from the Closing Date and (y) with respect to
such Major SPAC Shareholder’s remaining Locked-Up Shares, one (1) year from the Closing Date.

 

    11

     

    

 

(b)              
 The restrictions set forth in Section 5.1 (the “Lock-Up Restrictions”) shall not apply to:

 

(i)                
in the case of an entity, Transfers to (A) such entity’s employees, officers or directors or any affiliate (as defined below)
or immediate family (as defined below) of any of such entity’s employees, officers or directors, (B) any shareholder, partner or
member of such entity or their affiliates, (C) any affiliate of such entity, or (D) any employees of such entity or of its affiliates;

 

(ii)             
in the case of an individual, Transfers by gift to members of such individual’s immediate family or to a trust, the beneficiary
of which is a member of such individual’s immediate family, an affiliate of such Person or to a charitable organization;

 

(iii)           
in the case of an individual, Transfers by virtue of laws of descent and distribution upon death of such individual;

 

(iv)            
in the case of an individual, Transfers by operation of law or pursuant to a court order, such as a qualified domestic relations
order, divorce decree or separation agreement;

 

(v)              
in the case of an individual, Transfers to a partnership, limited liability company or other entity of which such individual and/or
the immediate family of such individual is the legal and beneficial owner of all of the outstanding Equity Securities or similar interests;

 

(vi)            
in the case of an entity that is a trust or a trustee of a trust, to a trustor or beneficiary of the trust, to the designated
nominee of a beneficiary of such trust or to the estate of a beneficiary of such trust;

 

(vii)         
in the case of an entity, Transfers by virtue of the laws of the state of the entity’s organization and the entity’s
Organizational Documents upon dissolution of the entity;

 

(viii)       
pledges of any Locked-Up Shares to a financial institution that create a mere security interest in such Locked-Up Shares pursuant
to a bona fide loan or indebtedness transaction so long as the relevant Holder continues to control the exercise of the voting rights
of such pledged Locked-Up Shares as well as any foreclosures on such pledged Locked-Up Shares;

 

(ix)            
Transfers to any Major SPAC Shareholder or its members, directors, officers or other affiliates;

 

(x)              
Transfers of any Company Ordinary Shares acquired as part of any Transaction Financing, or issued in exchange for, or on conversion
or exercise of, any securities issued as part of any Transaction Financing;

 

(xi)            
Transfers relating to Company Ordinary Shares or other securities convertible into or exercisable or exchangeable for Company
Ordinary Shares acquired in open market transactions after the Closing, provided that no such transaction is required to be, or
is, publicly announced (whether on Form 4, Form 5 or otherwise, other than a required filing on Schedule 13F, 13G or 13G/A) during the
applicable Lock-Up Period;

 

    12

     

    

 

(xii)         
the exercise of any options or warrants to purchase Company Ordinary Shares (which exercises may be effected on a cashless basis
to the extent the instruments representing such options or warrants permit exercises on a cashless basis);

 

(xiii)       
Transfers to the Company to satisfy tax withholding obligations pursuant to the Company’s equity incentive plans or arrangements;

 

(xiv)        
Transfers to the Company pursuant to any contractual arrangement in effect at the Closing that provides for the repurchase by
the Company or forfeiture of any Holder’s Company Ordinary Shares or other securities convertible into or exercisable or exchangeable
for Company Ordinary Shares in connection with the termination of such Holder’s service to the Company;

 

(xv)          
the establishment of a trading plan providing for the sale of Company Ordinary Shares by the Holders that meets the requirements
of Rule 10b5-1(c) under the Exchange Act (a “Trading Plan”); provided, however, that such Trading Plan
does not provide for, or permit, the sale of any Locked-Up Shares during the Lock-Up Period and no public announcement or filing is voluntarily
made regarding such Trading Plan during the Lock-Up Period;

 

(xvi)        
Transfers made in connection with a liquidation, merger, share exchange or other similar transaction that results in all of the
Company’s shareholders having the right to exchange their Company Ordinary Shares for cash, securities or other property subsequent
to the Closing Date; and

 

(xvii)     
transactions to satisfy any U.S. federal, state, or local income tax obligations of any Holder (or its direct or indirect owners)
arising from a change in the U.S. Internal Revenue Code of 1986, as amended (the “Code”), a change in or promulgation
of new U.S. Treasury Regulations, or promulgation of any judicial or administrative guidance, in each case, after the date on which the
Merger Agreement was executed by the parties, and such change or promulgation prevents the Merger from qualifying as a “reorganization”
pursuant to Section 368 of the Code, in each case, solely to the extent necessary to cover any tax liability as a result of the transaction.

 

provided, however, that in the case of
clauses (i) through (ix), these permitted transferees must enter into a written agreement, in substantially the form of this Article
V, agreeing to be bound by the Lock-Up Restrictions and shall have the same rights and benefits as a Holder under this Agreement.

 

(c)              
For the avoidance of doubt, each Holder shall retain all of its rights as a shareholder of the Company during the Lock-Up Period,
including the right to vote any Locked-Up Shares or receive any dividends or distributions thereon.

 

    13

     

    

 

(d)              
 In furtherance of the foregoing, the Company, and any duly appointed transfer agent for the registration or transfer of the Locked-Up
Shares, are hereby authorized to decline to make any Transfer of securities if such Transfer would constitute a violation or breach of
the Lock-Up Restrictions.

 

(e)              
Notwithstanding anything to the contrary in Section 5.1(a), with respect to each Major SPAC Shareholder, the Lock-Up Period
shall terminate with respect to:

 

(i)                
50% of the Locked-Up Shares of such Major SPAC Shareholder (as determined as of the date immediately before the date of such termination),
on the date that the closing price of the Company Ordinary Shares equals or exceeds $12.50 per share for any twenty (20) Trading Days
within any thirty (30) consecutive Trading Day period after commencing 150 days after the Closing Date; and

 

(ii)             
all of the remaining Locked-Up Shares of such Major SPAC Shareholder, on the date that the closing price of the Company Ordinary
Shares equals or exceeds $15.00 per share for any twenty (20) Trading Days within any thirty (30) consecutive Trading Day period after
commencing 150 days after the Closing Date.

 

(f)               
The Company shall remove, and shall cause to be removed (including by causing its transfer agent to remove), any legends, marks,
stop-transfer instructions or other similar notations pertaining to the lock-up arrangements herein from the certificates or book-entries
evidencing any Locked-Up Shares at the time any such share is no longer subject to the Lock-Up Restrictions (any such Locked-Up Share,
a “Free Share”), and shall take all such actions (and shall cause to be taken all such actions) necessary or proper
to cause the Free Shares to be consolidated under the CUSIP(s) and/or ISIN(s) applicable to the unrestricted Company Ordinary Shares
or so that the Free Shares are in a like position. Any holder of a Locked-Up Share is an express third-party beneficiary of this Section
5.1(e) and entitled to enforce specifically the obligations of the Company set forth in this Section 5.1(e) directly against
the Company.

 

5.2             
Certain Definitions. For purposes of this Article V,

 

(a)              
“affiliate” shall have the meaning set forth in Rule 405 under the Securities Act of 1933, as amended;

 

(b)              
“immediate family” shall mean a spouse, domestic partner, child, grandchild or other lineal descendant (including
by adoption), father, mother, brother or sister of an individual;

 

(c)              
“Transfer” shall mean, with respect to any securities, any (i) sale of, offer to sell, contract or agreement
to sell, hypothecation of, pledge of, grant of any option, right or warrant to purchase or other transfer or disposition of, or agreement
to transfer or dispose of, directly or indirectly, or establishment or increase of a put equivalent position in respect of, or liquidation
or decrease of a call equivalent position in respect of, within the meaning of Section 16 of the Exchange Act, and the rules and regulations
of the SEC promulgated thereunder, any such securities, (ii) 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 such securities, whether any such transaction is to be settled by delivery
of such securities, in cash or otherwise, or (iii) public announcement of any intention to effect any transaction specified in clause
(i) or (ii).

 

    14

     

    

 

Article
VI

Sponsor Share Restructuring and Earn-Out

 

6.1             
Sponsor Forfeited Shares. Sponsor hereby agrees that, if the Available SPAC Cash is less than the Minimum Available SPAC
Cash Amount, then immediately prior to the Closing and prior to the SPAC Class B Conversion pursuant to the SPAC A&R M&AA, Sponsor
shall surrender to SPAC for cancellation a number of Sponsor Founder Shares (the “Sponsor Forfeited Shares”, and the
Sponsor Founder Shares not subject to forfeiture, the “Sponsor Non-Forfeited Shares”) and Sponsor Founder Warrants
(the “Sponsor Forfeited Warrants”, and the Sponsor Founder Warrants not subject to forfeiture, the “Sponsor
Non-Forfeited Warrants”) (in each case, rounded down to the nearest whole share) equal to the product of (a) the number of
Sponsor Founder Shares and Sponsor Founder Warrants, as applicable, and (b) a percentage equal to the product of (i) the difference between
the Closing Cash Percentage (as defined below) and 100% (expressed as a positive number) and (ii) 50%. For the avoidance of doubt, if
the Available SPAC Cash is equal to, or greater than, the Minimum Available SPAC Cash Amount, no forfeiture of the Sponsor Founder Shares
or Sponsor Founder Warrants shall be required pursuant to this Section 6.1, and the terms, “Sponsor Non-Forfeited Shares”
and “Sponsor Non-Forfeited Warrants”, shall in such case refer to “Sponsor Founder Shares” and “Sponsor
Founder Warrants”, respectively. Notwithstanding anything to the contrary herein, Sponsor may purchase additional securities in
SPAC following entry into the Merger Agreement, including in connection with any extension of time period to consummate a Business Combination,
and any additional securities so purchased will not be included in the Sponsor Founder Shares or Sponsor Founder Warrants or subject
to the restrictions or obligations in this Article VI.

 

6.2             
Sponsor Earn-Out Shares. Sponsor agrees that, immediately prior to the Closing but following the forfeiture of any Sponsor
Forfeited Shares and Sponsor Forfeited Warrants pursuant to Section 6.1, (A) 25% of Sponsor Non-Forfeited Shares (the “Sponsor
Earn-Out Shares”) shall (i) first, pursuant to Section 3.08(a) of the Merger Agreement and in connection with the SPAC Class
B Conversion, automatically convert to SPAC Class A Shares which shall be unvested and be subject to the vesting and forfeiture provisions
set forth in Section 6.4, and (ii) second, pursuant to Section 3.08(c) of the Merger Agreement and by virtue of the Merger, automatically
convert to Company Class A Ordinary Shares and remain unvested and be subject to the vesting and forfeiture provisions set forth in Section
6.4 and (B) 25% of Sponsor Non-Forfeited Warrants (the “Sponsor Earn-Out Warrants”, and together with the Sponsor
Earn-Out Shares, the “Sponsor Earn-Out Securities”) shall, pursuant to Section 3.08(d) of the Merger Agreement and
by virtue of the Merger, automatically convert into a number of Company Class A Ordinary Shares or a number of Company Warrant exercisable
for Company Class A Ordinary Shares, as applicable, upon the Closing pursuant to the Merger Agreement, but shall remain unvested and
be subject to the vesting and forfeiture provisions set forth in Section 6.4 following the Closing. For the avoidance of doubt,
the parties acknowledge that the remaining Sponsor Non-Forfeited Shares (after deducting the Sponsor Earn-Out Shares) (the “Sponsor
Vested Shares”) and the remaining Sponsor Non-Forfeited Warrants (after deducting any Sponsor Earn-Out Warrants) (the “Sponsor
Vested Warrants”) will be fully vested as of the Closing and not subject to any of the restrictions set forth in Section
6.3 and Section 6.4. An illustrative example setting forth the calculation of the applicable percentage of Sponsor Forfeited
Shares, Sponsor Forfeited Warrants, Sponsor Earn-Out Shares, Sponsor Earn-Out Warrants, Sponsor Vested Shares and Sponsor Vested Warrants
is set forth on Exhibit A attached hereto.

 

    15

     

    

 

6.3             
Lock-Up of Sponsor Earn-Out Securities. Sponsor shall not Transfer any Sponsor Earn-Out Securities until the date on which
such Sponsor Earn-Out Security vests pursuant to Section 6.4. Until each Sponsor Earn-Out Security vests, any certificate representing
such Sponsor Earn-Out Security shall bear a legend referencing that such Sponsor Earn-Out Security is subject to forfeiture pursuant
to the provisions of this Agreement, and the Company shall be authorized to instruct its transfer agent to implement appropriate stop
transfer orders that will be applicable until such Sponsor Earn-Out Security vests. Notwithstanding anything to the contrary in this
Agreement, the exceptions to the Lock-Up Restrictions in clauses (i) through (xvii) of Section 5.1(b) shall apply fully to this Section
6.3, so long as (1) such Transfer is in compliance with any applicable Securities Laws and (2) any transferee thereof enters into
a written agreement, in a form reasonably acceptable to the Company, and agrees to be bound by the vesting and forfeiture provisions
set forth in Section 6.4 and to receive the rights of a holder of the Sponsor Earn-Out Securities hereunder.

 

6.4             
Vesting and Forfeiture of Sponsor Earn-Out Securities.

 

(a)              
The Sponsor Earn-Out Securities shall fully vest (and shall not be subject to the restrictions and forfeiture provisions set forth
in this Article VI, including, for the avoidance of doubt, Section 6.3) upon the occurrence of the Triggering Event; provided,
that any fractional shares or warrants shall be rounded down to the nearest whole number and payment for such fraction shall be made
in cash in lieu of any such fractional share or warrant based on a value equal to applicable target price.

 

(b)              
In the event that there is an Acceleration Event after the Closing and on or prior to the fifth (5th) anniversary of the Closing
Date (the “Earn-Out Period”), then the Triggering Event shall be deemed to have occurred at such time, provided
that (a) if the value of the consideration to be received by the holders of the Company Ordinary Shares for each Company Ordinary
Share in such Change of Control transaction is less than $12.50, no Triggering Event shall be deemed to have occurred.

 

(c)              
Any Sponsor Earn-Out Shares not eligible for vesting in accordance with the terms of this Section 6.4 on or before the
expiration of the Earn-Out Period shall immediately thereafter be forfeited to the Company and cancelled and Sponsor shall not have any
rights with respect thereto. Any forfeiture of Company Ordinary Shares, and all references to forfeiture of Company Ordinary Shares,
described in this Agreement shall take effect as a surrender of Company Ordinary Shares for no consideration as a matter of Cayman Islands
law.

 

(d)              
For the avoidance of doubt, any Company Ordinary Shares beneficially owned by Sponsor other than the Sponsor Earn-Out Shares,
shall not be subject to the vesting and forfeiture provisions set forth in this Section 6.4.

 

    16

     

    

 

6.5             
 Rights of Sponsor Earn-Out Securities. Notwithstanding anything set forth herein, prior to the date that a Sponsor Earn-Out
Securities is no longer subject to the vesting and forfeiture provisions set forth in Section 6.4, Sponsor will remain entitled
to all of the other rights of a holder of Company Ordinary Shares or Company Warrants, including to (i) exercise voting rights carried
by any Sponsor Earn-Out Share and (ii) receive any dividends or other distributions in respect of any Sponsor Earn-Out Share.

 

6.6             
Voting Stock. The parties hereto agree and acknowledge that the Sponsor Earn-Out Shares are intended to constitute “voting
stock” within the meaning of Section 368(a)(1) of the Code and the Treasury Regulations promulgated thereunder received by Sponsor
in connection with the Merger, and shall file all Tax Returns consistent with, and take no position inconsistent with (whether in audits,
Tax Returns or otherwise) such treatment.

 

6.7             
Equitable Adjustment. If, during the period between Closing and prior to the expiration of the Earn-Out Period, the Company
shall pay a dividend on Company Ordinary Shares by the issuance of additional Company Ordinary Shares, or effect a subdivision or combination
or consolidation of the issued and outstanding Company Ordinary Shares (by reclassification or otherwise) into a greater or lesser number
of Company Ordinary Shares, then in each such case, (i) the number of Sponsor Earn-Out Shares and Sponsor Earn-Out Warrants shall be
adjusted by multiplying such amount by a fraction the numerator of which is the number of Company Ordinary Shares (including any other
shares so reclassified as Company Ordinary Shares) issued and outstanding immediately after such event and the denominator of which is
the number of Company Ordinary Shares that were issued and outstanding immediately prior to such event and (ii) the dollar values set
forth in the definition of the Triggering Event and Section 6.4(b) shall be appropriately adjusted to provide to Sponsor the same
economic effect as contemplated by this Agreement prior to such event.

 

6.8             
Definitions. For purposes of this Article VI, the following capitalized terms have the following meanings:

 

(a)              
“Acceleration Event” means a Change of Control (or the entry into a definitive agreement providing for a Change
of Control, provided that such Change of Control is ultimately consummated, even if such consummation occurs after the expiration of
the Earn-Out Period).

 

(b)              
“Change of Control” shall mean any of the following events: (a) any transaction or series of transactions the
result of which is: (i) the acquisition by any Person or “group” (as defined in the Exchange Act) of Persons of direct or
indirect beneficial ownership of securities representing fifty percent (50%) or more of the combined voting power of or economic interests
represented by the then outstanding securities of the Company; (ii) a merger, consolidation, reorganization or other business combination,
however effected, resulting in any Person or “group” (as defined in the Exchange Act) acquiring at least fifty percent (50%)
of the combined voting power of or economic interests represented by the then outstanding securities of the Company or the surviving
Person outstanding immediately after such combination; or (iii) a sale of at least a majority of the assets of the Company and its
Subsidiaries, taken as a whole; or (b) the following individuals cease for any reason to constitute a majority of the number of directors
of the Company then serving: individuals who, on the Closing Date, constitute the Company Board and any new director whose appointment
or election by the Company Board or nomination for election by the Company Shareholders was approved or recommended by a vote of at least
a majority of the directors then still in office who either were members of the Company Board on the Closing Date or whose appointment,
election or nomination for election was previously so approved or recommended by the directors referred to in this clause (b).

 

    17

     

    

 

(c)              
“Closing Cash Percentage” means a percentage equal to the quotient of (i) the Available SPAC Cash, divided
by (ii) the Minimum Available SPAC Cash Amount.

 

(d)              
“Minimum Available SPAC Cash Amount” means $150,000,000.

 

(e)              
“Trading Day” means any day on which the Company Ordinary Shares are actually traded on the principal securities
exchange or securities market on which Company Ordinary Shares are then traded.

 

(f)               
“Triggering Event” means the first date on which the VWAP of the Company Ordinary Shares over any twenty (20)
Trading Days within the preceding thirty (30) consecutive Trading Day period during the Earn-Out Period is greater than or equal to $12.50
(as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like).

 

(g)              
“VWAP” means, for any security as of any date(s), the dollar volume-weighted average price for such security
on the principal securities exchange or securities market on which such security is then traded during the period beginning at 9:30:01
a.m., New York time, and ending at 4:00:00 p.m., New York time, as reported by Bloomberg through its “HP” function
(set to weighted average) or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter
market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time, and ending
at 4:00:00 p.m., New York time, as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security
by Bloomberg for such hours, the average of the highest closing bid price and the lowest closing ask price of any of the market makers
for such security as reported by OTC Markets Group Inc.. If the VWAP cannot be calculated for such security on such date(s) on any of
the foregoing bases, the VWAP of such security on such date(s) shall be the fair market value per share on such date(s) as reasonably
determined by the Company.

 

Article
VII

General Provisions

 

7.1             
Notice. All notices and other communications among the parties hereunder shall be in writing and shall be deemed duly given
(i) when delivered in person, (ii) when delivered after posting in the United States mail having been sent registered or certified mail
return receipt requested, postage prepaid, (iii) when delivered by FedEx or other nationally recognized overnight delivery service or
(iv) when e-mailed during normal business hours (and otherwise as of the immediately following Business Day), to the Company and
SPAC in accordance with Section 11.02 of the Merger Agreement and to each Major SPAC Shareholder at its, his or her address set forth
on Schedule A hereto (or at such other address for a party as shall be specified by like notice).

 

    18

     

    

 

7.2             
Entire Agreement; Amendment. This Agreement (together with Schedules and Exhibits to this Agreement) constitutes the entire
agreement and understanding between the parties hereto relating to the subject matter hereof and the transactions contemplated hereby
and supersedes any other agreements and understandings, whether written or oral, that may have been made or entered into by or between
the parties hereto relating to the subject matter hereof or the transactions contemplated hereby. This 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.

 

7.3             
Assignment. No party hereto shall assign this Agreement or any part hereof without the prior written consent of the other
parties hereto, except that, for the avoidance of doubt, in connection with a Transfer of any Subject Shares or Sponsor Earn-Out Securities
in accordance with the terms of this Agreement, transferee to whom such Subject Shares or Sponsor Earn-Out Securities (as applicable)
are transferred shall thenceforth be entitled to all the rights and be subject to all the obligations under this Agreement; provided,
that no such assignment shall relieve the assigning party of its obligations hereunder. Subject to the foregoing, this Agreement shall
be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Any attempted assignment
in violation of the terms of this Section 7.3 shall be null and void, ab initio. For the avoidance of doubt, no Transfer
of Subject Shares, Sponsor Earn-Out Securities or Free Shares shall be (or be deemed to be) an assignment of this Agreement or the rights
or obligations hereunder.

 

7.4             
Governing Law. This Agreement, and all Actions or causes of action based upon, arising out of, or related to this Agreement
or the transactions contemplated hereunder, shall be governed by, and construed in accordance with, the internal substantive Laws of
the State of Delaware applicable to contracts entered into and to be performed solely within such state, without giving effect to principles
or rules of conflict of laws to the extent such principles or rules would require or permit the application of Laws of another jurisdiction.

 

    19

     

    

 

7.5             
Jurisdiction; WAIVER OF TRIAL BY JURY. Any Action based upon, arising out of or related to this Agreement or the Transactions
shall be brought in the Delaware Court of Chancery, and if the Delaware Court of Chancery does not have or take jurisdiction over such
Action, any other federal court located in the State of Delaware, and each of the parties irrevocably and unconditionally submits to
the exclusive jurisdiction of each such court in any such Action, waives any objection it may now or hereafter have to personal jurisdiction,
venue or to convenience of forum, agrees that all claims in respect of the Action shall be heard and determined only in any such court,
and agrees not to bring any Action arising out of or relating to this Agreement or the transactions contemplated hereunder in any other
court. Nothing herein contained shall be deemed to affect the right of any party to serve process in any manner permitted by Law or to
commence legal proceedings or otherwise proceed against any other Party in any other jurisdiction, in each case, to enforce judgments
obtained in any Action brought pursuant to this Section 7.5. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY DISPUTE OR CONTROVERSY WHICH
MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE IT HEREBY IRREVOCABLY WAIVES ANY
AND ALL RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY ACTION DIRECTLY OR INDIRECTLY BASED UPON, ARISING OUT OF OR RELATING TO
THIS AGREEMENT AND ANY OF THE TRANSACTION AGREEMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY CERTIFIES AND ACKNOWLEDGES
THAT (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD
NOT, IN THE EVENT OF ANY ACTION, SEEK TO ENFORCE EITHER OF SUCH WAIVERS, (II) IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF SUCH
WAIVERS, (III) IT MAKES SUCH WAIVERS VOLUNTARILY AND (IV) IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7.5.

 

7.6             
Enforcement. The parties agree that irreparable damage for which monetary damages, even if available, would not be an adequate
remedy, would occur in the event that the parties do not perform their obligations under the provisions of this Agreement (including
failing to take such actions as are required of them hereunder to consummate this Agreement) in accordance with its specified terms or
otherwise breach such provisions. The parties acknowledge and agree that (i) the parties shall be entitled to an injunction, specific
performance, or other equitable relief, to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof,
without proof of damages, prior to the valid termination of this Agreement in accordance with Section 4.7, this being in addition
to any other remedy to which they are entitled under this Agreement, and (ii) the right of specific enforcement is an integral part of
the transactions contemplated by this Agreement and without that right, none of the parties would have entered into this Agreement. Each
party agrees that it will not allege, and each party hereby waives the defense, that the other parties have an adequate remedy at Law
or that an award of specific performance is not an appropriate remedy for any reason at Law or equity. The parties acknowledge and agree
that any party seeking an injunction to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this
Agreement in accordance with this Section 7.4 shall not be required to provide any bond or other security in connection with any
such injunction.

 

7.7             
Counterparts. This Agreement may be executed in two or more counterparts (any of which may be delivered by electronic transmission),
each of which shall constitute an original, and all of which taken together shall constitute one and the same instrument. Delivery by
email to counsel for the other parties of a counterpart executed by a party shall be deemed to meet the requirements of the previous
sentence.

 

[Signature pages follow]

 

    20

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof. 

 

	 	ASIA INNOVATIONS GROUP LIMITED
	 	 	 
	 	By:	/s/ Rong Fong Tian
	 	 	Name:	Rong Fong Tian
	 	 	Title:	CEO

 

[Signature Page to Sponsor
Lock-Up and Support Agreement]

 

     

     

    

  

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	MAGNUM OPUS ACQUISITION LIMITED
	 	 
	 	By:	/s/ Hou Pu Jonathan Lin
	 	 	Name:	Hou Pu Jonathan Lin
	 	 	Title:	Chief Executive Officer and Director

 

[Signature Page to Sponsor
Lock-Up and Support Agreement]

 

     

     

    

  

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	MAGNUM OPUS HOLDINGS LLC
	 	 	 
	 	By:	/s/ Hou Pu Jonathan Lin
	 	 	Name:	Hou Pu Jonathan Lin
	 	 	Title:	Manager

 

[Signature Page to Sponsor
Lock-Up and Support Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

  

	 	HOU PU JONATHAN LIN
	 	 
	 	/s/ Hou Pu Jonathan Lin
	 		 
	 		 

 

[Signature Page to Sponsor
Lock-Up and Support Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	KA MAN KEVIN LEE
	 	 
	 	/s/ Ka Man Kevin Lee
	 		 
	 		 

 

[Signature Page to Sponsor
Lock-Up and Support Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	FRANK HAN
	 	 
	 	/s/ Frank Han
	 		 
	 		 

 

[Signature Page to Sponsor
Lock-Up and Support Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	ALEXANDRE MATHIEU VALDEMAR CASIN
	 	 
	 	/s/ Alexandre Mathieu Valdemar Casin
	 		 
	 		 

 

[Signature Page to Sponsor
Lock-Up and Support Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	LIU XING LING
	 	 
	 	/s/ Liu Xing Ling
	 		 
	 		 

 

[Signature Page to Sponsor
Lock-Up and Support Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	WING HONG SAMMY HSIEH
	 	 
	 	/s/ Wing Hong Sammy Hsieh
	 		 
	 		 

 

[Signature Page to Sponsor
Lock-Up and Support Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	DICKSON CHENG
	 	 
	 	/s/ Dickson Cheng
	 		 
	 		 

 

[Signature Page to Sponsor
Lock-Up and Support Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	TUNG WAI HUI
	 	 
	 	/s/ Tung Wai Hui
	 		 
	 		 

 

[Signature Page to Sponsor
Lock-Up and Support Agreement]

 

     

     

    

 

Exhibit A

 

Illustrative Calculation
of Sponsor Founder Shares and Sponsor Founder Warrants Restructuring

 

     

     

    

 

Schedule A

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