Document:

EX-10.5

 Exhibit 10.5 

SUBSCRIPTION AGREEMENT 

This SUBSCRIPTION AGREEMENT is entered into this      day of
            , 2017, by and among Playa Hotels & Resorts N.V., a Dutch private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) (the
“Issuer”), and                      (“Subscriber”). 

WHEREAS, Issuer, Pace Holdings Corp., a Cayman Islands exempted company (“Pace”), Playa Hotels & Resorts B.V., a
Dutch private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) (“Playa”), and New Pace Holdings Corp., a Cayman Islands exempted company, have entered into that certain Transaction Agreement,
dated as of December 13, 2016, as amended (the “Transaction Agreement”), pursuant to which Pace and Playa will be combined into the Issuer, on the terms and subject to the conditions set forth therein (the
“Transaction”); and 
 WHEREAS, in connection with the Transaction, Subscriber desires to subscribe for and purchase from
the Issuer that number of Issuer’s ordinary shares, par value €0.10 per share (the “Ordinary Shares”), set forth on the signature page hereto (the “Acquired Shares”) for a purchase price of $9.65 per
share, or the aggregate purchase price set forth on the signature page hereto (the “Purchase Price”), and the Issuer desires to issue and sell to Subscriber the Acquired Shares in consideration of the payment of the Purchase Price
by or on behalf of Subscriber to the Issuer on or prior to the Closing (as defined below); 
 NOW, THEREFORE, in consideration of the
foregoing and the mutual representations, warranties and covenants, and subject to the conditions, herein contained, and intending to be legally bound hereby, the parties hereto hereby agree as follows: 

1.    Subscription. Subject to the terms and conditions hereof, on the Closing Date, Subscriber hereby agrees to
subscribe for and purchase, and the Issuer hereby agrees to issue and sell to Subscriber, the Acquired Shares (such subscription and issuance, the “Subscription”). 

2.    Closing. 

a.    The closing of the Subscription contemplated hereby (the “Closing”) is contingent upon the
substantially concurrent consummation of the Transaction and shall occur one (1) business day after the merger of Playa into the Issuer in connection therewith (the “Closing Date”). No later than 6:00 p.m. EST on March 6,
2017, Subscriber shall deliver to the Issuer, to be deposited into a segregated account of Issuer and held in escrow until the Closing, the Purchase Price for the Acquired Shares (A) by wire transfer of U.S. dollars in immediately available
funds to the account specified in writing by the Issuer or (B) by personal check in U.S. dollars delivered to Dayna Blank at 1560 Sawgrass Corporate Parkway, Suite 310, Ft. Lauderdale, Florida 33323 in person or by Federal Express or a similar
nationally recognized overnight carrier. Subscriber may pay the Purchase Price by personal check only if Subscriber is located in the United States. On the Closing Date, the Issuer shall deliver to Subscriber the Acquired Shares in book entry form
and transfer agent shall deliver to Subscriber a statement of holdings showing Subscriber as the owner of the Acquired Shares, and the Purchase Price shall be released from escrow automatically and without further action by the Issuer or Subscriber.
In the event the Closing does not occur on the Closing Date, the Issuer shall promptly (but not later than one (1) business day thereafter) return the Purchase Price to Subscriber. 

  
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 b.    The Closing shall be subject to the conditions that, on the Closing
Date: 
 (i)    no suspension of the qualification of the Acquired Shares for offering or sale or trading in any
jurisdiction, or initiation or threatening of any proceedings for any of such purposes, shall have occurred; 

(ii)    all representations and warranties of the Issuer and Subscriber contained in this Subscription Agreement shall be
true and correct in all material respects as of the Closing Date, and consummation of the Closing shall constitute a reaffirmation by each of the Issuer and Subscriber of each of the representations, warranties and agreements of each such party
contained in this Subscription Agreement as of the Closing Date; 
 (iii)    no governmental authority shall have
enacted, issued, promulgated, enforced or entered any judgment, order, rule or regulation (whether temporary, preliminary or permanent) which is then in effect and has the effect of making consummation of the transactions contemplated hereby illegal
or otherwise preventing or prohibiting consummation of the transactions contemplated hereby; 
 (iv)    Subscriber
shall have paid to Issuer the Purchase Price in accordance with the terms of this Agreement and such funds shall be available for payment to Issuer; and 

(v)    the Transaction shall have been consummated. 

c.    At the Closing, the parties hereto shall execute and deliver such additional documents and take such additional
actions as the parties reasonably may deem to be practical and necessary in order to consummate the Subscription as contemplated by this Subscription Agreement. 

3.    Issuer Representations and Warranties. The Issuer represents and warrants that: 

a.    The Issuer has been duly organized and is validly existing as a private limited liability company (besloten
vennootschap met beperkte aansprakelijkheid) and, prior to completion of the Transaction, will be converted to a public limited liability company (naamloze vennootschap) under the laws of the Netherlands, with corporate power and
authority to own, lease and operate its properties and conduct its business as presently conducted and to enter into, deliver and perform its obligations under this Subscription Agreement. 

b.    This Subscription Agreement has been duly authorized, executed and delivered by the Issuer and is enforceable
against it in accordance with its terms, except as may be limited or otherwise affected by (i) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other laws relating to or affecting the rights of creditors generally,
and (ii) principles of equity, whether considered at law or equity. 
 c.    The execution, delivery and
performance of this Subscription Agreement and the consummation of the transactions contemplated herein will not conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, or result in the
creation or imposition of any lien, charge or encumbrance upon any of the property or assets of the Issuer or any of its subsidiaries pursuant to the terms of (i) any indenture, mortgage, deed of trust, loan agreement, lease, license or other
agreement or instrument to which the Issuer or 

  
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any of its subsidiaries is a party or by which the Issuer or any of its subsidiaries is bound or to which any of the property or assets of the Issuer or any of its subsidiaries is subject, which
would reasonably be expected to have a material adverse effect on the business, properties, financial condition, stockholders’ equity or results of operations of Issuer or any of its subsidiaries, taken as a whole (an “Issuer Material
Adverse Effect”) or materially affect the legal authority of the Issuer to comply in all material respects with the terms of this Subscription Agreement; (ii) result in any violation of the provisions of the organizational documents of
the Issuer or any of its subsidiaries; or (iii) result in any violation of any statute or any judgment, order, rule or regulation of any court or governmental agency or body, domestic or foreign, having jurisdiction over the Issuer or any of
its subsidiaries or any of their respective properties that would reasonably be expected to have an Issuer Material Adverse Effect or materially affect the legal authority of the Issuer to comply in all material respects with this Subscription
Agreement. 
 4.    Subscriber Representations and Warranties. Subscriber represents and warrants that: 

a.    Subscriber has the authority to enter into, deliver and perform its obligations under this Subscription Agreement.

 b.    The signature on this Subscription Agreement is genuine, and Subscriber has legal competence and capacity to
execute the same. This Subscription Agreement is enforceable against Subscriber in accordance with its terms, except as may be limited or otherwise affected by (i) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or
other laws relating to or affecting the rights of creditors generally, and (ii) principles of equity, whether considered at law or equity. 

c.    The execution, delivery and performance by Subscriber of this Subscription Agreement and the consummation of the
transactions contemplated herein will not conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, or result in the creation or imposition of any lien, charge or encumbrance upon any of
the property or assets of Subscriber pursuant to the terms of (i) any indenture, mortgage, deed of trust, loan agreement, lease, license or other agreement or instrument to which Subscriber is a party or by which Subscriber is bound or to which
any of the property or assets of Subscriber is subject, which would reasonably be expected to have a material adverse effect on the financial condition of Subscriber (a “Subscriber Material Adverse Effect”) or materially affect the
legal authority of Subscriber to comply in all material respects with the terms of this Subscription Agreement; or (ii) result in any violation of any statute or any judgment, order, rule or regulation of any court or governmental agency or
body, domestic or foreign, having jurisdiction over Subscriber or any of his or her properties that would reasonably be expected to have a Subscriber Material Adverse Effect or materially affect the legal authority of Subscriber to comply in all
material respects with this Subscription Agreement. 
 d.    Subscriber (i) provided complete and accurate
information in the questionnaire regarding Subscriber’s status as an “accredited investor” (as that term is defined in Regulation D under the Securities Act of 1933, as amended (the “Securities Act”), which is
attached hereto as Schedule A), (ii) is acquiring the Acquired Shares only for his or her own account and not for the account of others, and (iii) is not acquiring the Acquired Shares with a

  
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view to, or for offer or sale in connection with, any distribution thereof in violation of the Securities Act (and shall provide the requested information on Schedule A following the
signature page hereto). Subscriber is not an entity formed for the specific purpose of acquiring the Acquired Shares. 

e.    Subscriber understands that the Acquired Shares are being offered in a transaction not involving any public offering
within the meaning of the Securities Act and that the Acquired Shares have not been registered under the Securities Act. Subscriber understands that the Acquired Shares may not be resold, transferred, pledged or otherwise disposed of by Subscriber
absent an effective registration statement under the Securities Act, except (i) to the Issuer or a subsidiary thereof, (ii) if Subscriber is not and will not be an officer or director of the Issuer, to non-U.S. persons pursuant to offers
and sales that occur outside the United States within the meaning of, and in accordance with the exemption under, Regulation S under the Securities Act or (iii) pursuant to another applicable exemption from the registration requirements of the
Securities Act, and that any certificates representing the Acquired Shares shall contain a legend to such effect. Subscriber acknowledges that the Acquired Shares will not be eligible for resale pursuant to Rule 144A promulgated under the Securities
Act. Subscriber understands and agrees that the Acquired Shares will be subject to transfer restrictions and, as a result of these transfer restrictions, Subscriber may not be able to readily resell the Acquired Shares and may be required to bear
the financial risk of an investment in the Acquired Shares for an indefinite period of time. Subscriber understands that he or she has been advised to consult legal counsel prior to making any offer, resale, pledge or transfer of any of the Acquired
Shares. 
 f.    Subscriber understands and agrees that Subscriber is purchasing the Acquired Shares directly from the
Issuer. Subscriber further acknowledges that there have been no representations, warranties, covenants and agreements made to Subscriber by the Issuer or any of its officers or directors, expressly or by implication, other than those
representations, warranties, covenants and agreements included in this Subscription Agreement. 
 g.    Subscriber
represents and warrants that his or her acquisition and holding of the Acquired Shares will not constitute or result in a non-exempt prohibited transaction under Section 406 of the Employee Retirement Income Security Act of 1974, as amended,
Section 4975 of the Internal Revenue Code of 1986, as amended, or any applicable similar law. 
 h.    In making
its decision to purchase the Acquired Shares, Subscriber represents that he or she has relied solely upon independent investigation made by Subscriber, except Subscriber has received the Confidential Information Memorandum, dated as of
February 17, 2017, provided by Issuer. Subscriber acknowledges and agrees that Subscriber has received such information as Subscriber deems necessary in order to make an investment decision with respect to the Acquired Shares, including with
respect to Pace, the Issuer, Playa and the Transaction. Subscriber represents and agrees that Subscriber and Subscriber’s professional advisor(s), if any, have had the full opportunity to ask such questions, receive such answers and obtain such
information as Subscriber and such Subscriber’s professional advisor(s), if any, have deemed necessary to make an investment decision with respect to the Acquired Shares. 

  
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 i.    Subscriber became aware of this offering of the Acquired Shares solely
by means of direct contact between Subscriber and Playa and/or the Issuer, and the Acquired Shares were offered to Subscriber solely by direct contact between Subscriber, Playa and the Issuer. Subscriber did not become aware of this offering of the
Acquired Shares, nor were the Acquired Shares offered to Subscriber, by any other means. Subscriber acknowledges that the Issuer represents and warrants that the Acquired Shares (i) were not offered by any form of general solicitation or
general advertising and (ii) are not being offered in a manner involving a public offering under, or in a distribution in violation of, the Securities Act, or any state securities laws. 

j.    Subscriber acknowledges that he or she is aware that there are substantial risks incident to the purchase and
ownership of the Acquired Shares. Subscriber has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Acquired Shares, and Subscriber has sought such accounting,
legal and tax advice as Subscriber has considered necessary to make an informed investment decision. 
 k.    Alone, or
together with any professional advisor(s), Subscriber represents and acknowledges that Subscriber has adequately analyzed and fully considered the risks of an investment in the Acquired Shares and determined that the Acquired Shares are a suitable
investment for Subscriber and that Subscriber is able at this time and in the foreseeable future to bear the economic risk of a total loss of Subscriber’s investment in the Issuer. Subscriber acknowledges specifically that a possibility of
total loss exists. 
 l.    Subscriber understands and agrees that no federal or state agency has passed upon or
endorsed the merits of the offering of the Acquired Shares or made any findings or determination as to the fairness of this investment. 

m.    Subscriber represents and warrants that Subscriber is not (i) a person named on the List of Specially
Designated Nationals and Blocked Persons administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) or in any Executive Order issued by the President of the United States and administered by OFAC
(“OFAC List”), or a person prohibited by any OFAC sanctions program, or (ii) a Designated National as defined in the Cuban Assets Control Regulations, 31 C.F.R. Part 515. Subscriber agrees to provide law enforcement agencies,
if requested thereby, such records as required by applicable law, provided that Subscriber is permitted to do so under applicable law. 

n.    Subscriber has, and upon the date that Subscriber pays Issuer the Purchase Price will have, sufficient funds to pay
the Purchase Price pursuant to Section 2(a). 
 5.    Registration Rights. The Issuer agrees that, within
thirty (30) calendar days after the consummation of the Transaction, the Issuer will file with the U.S. Securities and Exchange Commission a registration statement registering the resale of the Acquired Shares (the “Registration
Statement”), and the Issuer shall use its commercially reasonable efforts to have the Registration Statement declared effective as soon as practicable after the filing thereof; provided, however, that the Issuer’s obligations to
include the Acquired Shares in the Registration Statement are contingent upon Subscriber furnishing in writing to the Issuer such information regarding Subscriber, the securities of the Issuer held by Subscriber and the intended method of
disposition of the Acquired Shares as shall be reasonably requested by the Issuer to effect the registration of the Acquired Shares, and shall execute such documents in connection 

  
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with such registration as the Issuer may reasonably request that are customary of a selling stockholder in similar situations, including providing that the Issuer shall be entitled to postpone
and suspend the effectiveness or use of the Registration Statement during any customary blackout or similar period. 

6.    Termination. This Subscription Agreement shall terminate and be void and of no further force and effect, and
all rights and obligations of the parties hereunder shall terminate without any further liability on the part of any party in respect thereof, upon the earlier to occur of (a) such date and time as the Transaction Agreement is terminated in
accordance with its terms, (b) upon the mutual written agreement of each of the parties hereto to terminate this Subscription Agreement or (c) if any of the conditions to Closing set forth in Section 2 of this Subscription Agreement
are not satisfied on or prior to the Closing and, as a result thereof, the transactions contemplated by this Subscription Agreement are not consummated at the Closing; provided, that nothing herein will relieve any party from liability for
any willful breach hereof prior to the time of termination, and each party will be entitled to any remedies at law or in equity to recover losses, liabilities or damages arising from such breach. The Issuer shall promptly notify Subscriber of the
termination of the Transaction Agreement promptly after the termination of such agreement. 

7.    Miscellaneous. 

a.    Subscriber acknowledges that the Issuer and others will rely on the acknowledgments, understandings, agreements,
representations and warranties contained in this Subscription Agreement. Prior to the Closing, Subscriber agrees to promptly notify the Issuer if any of the acknowledgments, understandings, agreements, representations and warranties set forth herein
are no longer accurate in all material respects. 
 b.    The Issuer is entitled to rely upon this Subscription
Agreement and is irrevocably authorized to produce this Subscription Agreement or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby. 

c.    Neither this Subscription Agreement nor any rights that may accrue to Subscriber hereunder (other than the Acquired
Shares acquired hereunder, if any) may be transferred or assigned. 
 d.    All the agreements, representations and
warranties made by each party hereto in this Subscription Agreement shall survive the Closing. 
 e.    The Issuer may
request from Subscriber such additional information as the Issuer may deem necessary to evaluate the eligibility of Subscriber to acquire the Acquired Shares, and Subscriber shall provide such information as may be reasonably requested, to the
extent readily available and to the extent consistent with its internal policies and procedures. 
 f.    This
Subscription Agreement may not be modified, waived or terminated except by an instrument in writing, signed by the party against whom enforcement of such modification, waiver, or termination is sought. 

  
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 g.    This Subscription Agreement constitutes the entire agreement, and
supersedes all other prior agreements, understandings, representations and warranties, both written and oral, among the parties, with respect to the subject matter hereof. 

h.    Except as otherwise provided herein, this Subscription Agreement shall be binding upon, and inure to the benefit of
the parties hereto and their heirs, executors, administrators, successors, legal representatives, and permitted assigns, and the agreements, representations, warranties, covenants and acknowledgments contained herein shall be deemed to be made by,
and be binding upon, such heirs, executors, administrators, successors, legal representatives and permitted assigns. 

i.    If any provision of this Subscription Agreement shall be invalid, illegal or unenforceable, the validity, legality
or enforceability of the remaining provisions of this Subscription Agreement shall not in any way be affected or impaired thereby and shall continue in full force and effect. 

j.    This Subscription Agreement may be executed in two (2) or more counterparts (including by electronic means),
all of which shall be considered one and the same agreement and shall become effective when signed by each of the parties and delivered to the other parties, it being understood that all parties need not sign the same counterpart. 

k.    Subscriber shall pay all of its own expenses in connection with this Subscription Agreement and the transactions
contemplated herein. 
 l.    Notices. Any notice or communication required or permitted hereunder shall be in
writing and either delivered personally, telegraphed, emailed or telecopied, sent by overnight mail via a reputable overnight carrier, or sent by certified or registered mail, postage prepaid, and shall be deemed to be given and received
(a) when so delivered personally, (b) upon receipt of an appropriate electronic answerback or confirmation when so delivered by telegraph or telecopy (to such number specified below or another number or numbers as such person may
subsequently designate by notice given hereunder), (c) when sent, with no mail undeliverable or other rejection notice, if sent by email, or (d) five (5) business days after the date of mailing to the address below or to such other
address or addresses as such person may hereafter designate by notice given hereunder: 
 (i)    if to Subscriber, to
such address or addresses set forth on the signature page hereto; 
 (ii)    if, prior to the closing of the
Transaction, to the Issuer, to: 
 Porto Holdco B.V. 

c/o Pace Holdings Corp. 
 301
Commerce St., Suite 3300 
 Fort Worth, TX 76102 

Attn: General Counsel 
 Email:
cbode@tpg.com 

  
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 with a required copy to (which copy shall not constitute notice): 

Weil, Gotshal & Manges LLP 

767 Fifth Avenue 
 New York, NY
10153 
 Attention: Douglas Warner; Christopher Machera 

Email: doug.warner@weil.com; chris.machera@weil.com 

Weil, Gotshal & Manges LLP 

201 Redwood Shores Parkway 

Redwood Shores, CA 94065 

Attention: Kyle Krpata 
 Email:
kyle.krpata@weil.com 
 (iii)    if, after the closing of the Transaction, to the Issuer, to: 

Playa Hotels & Resorts N.V. 

c/o Playa Management USA LLC 

3950 University Drive, Suite 301 

Fairfax, VA 22030 
 Attention:
Bruce D. Wardinski 
 with a required copy to (which copy shall not constitute notice): 

Playa Hotels & Resorts N.V. 

1560 Sawgrass Corporate Parkway, Suite 310 

Fort Lauderdale, FL 33323 

Attention: General Counsel 

Hogan Lovells US LLP 
 555 13th
St. NW 
 Washington, DC 20004 

Attention: Michael McTiernan 

Email: michael.mctiernan@hoganlovells.com 

m.    This Subscription Agreement, and any claim or cause of action hereunder based upon, arising out of or related to
this Subscription Agreement (whether based on law, in equity, in contract, in tort or any other theory) or the negotiation, execution, performance or enforcement of this Subscription Agreement, shall be governed by and construed in accordance with
the Laws of the State of New York, without giving effect to the principles of conflicts of law thereof. 
 THE PARTIES HERETO IRREVOCABLY
SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK, THE SUPREME COURT OF THE STATE OF NEW YORK AND THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA LOCATED IN THE STATE OF NEW YORK SOLELY
IN RESPECT OF THE INTERPRETATION AND ENFORCEMENT OF THE PROVISIONS OF THIS SUBSCRIPTION AGREEMENT AND THE DOCUMENTS REFERRED TO IN THIS SUBSCRIPTION AGREEMENT AND IN RESPECT OF THE TRANSACTIONS CONTEMPLATED HEREBY, AND HEREBY WAIVE, AND AGREE NOT TO
ASSERT, AS A DEFENSE IN ANY ACTION, SUIT OR PROCEEDING FOR INTERPRETATION OR ENFORCEMENT HEREOF OR ANY SUCH DOCUMENT THAT IS NOT SUBJECT THERETO OR THAT 

  
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SUCH ACTION, SUIT OR PROCEEDING MAY NOT BE BROUGHT OR IS NOT MAINTAINABLE IN SAID COURTS OR THAT VENUE THEREOF MAY NOT BE APPROPRIATE OR THAT THIS SUBSCRIPTION AGREEMENT OR ANY SUCH DOCUMENT MAY
NOT BE ENFORCED IN OR BY SUCH COURTS, AND THE PARTIES HERETO IRREVOCABLY AGREE THAT ALL CLAIMS WITH RESPECT TO SUCH ACTION, SUIT OR PROCEEDING SHALL BE HEARD AND DETERMINED BY SUCH A NEW YORK STATE OR FEDERAL COURT. THE PARTIES HEREBY CONSENT TO AND
GRANT ANY SUCH COURT JURISDICTION OVER THE PERSON OF SUCH PARTIES AND OVER THE SUBJECT MATTER OF SUCH DISPUTE AND AGREE THAT MAILING OF PROCESS OR OTHER PAPERS IN CONNECTION WITH SUCH ACTION, SUIT OR PROCEEDING IN THE MANNER PROVIDED IN SECTION 7(l)
OR IN SUCH OTHER MANNER AS MAY BE PERMITTED BY LAW SHALL BE VALID AND SUFFICIENT SERVICE THEREOF. 
 EACH PARTY ACKNOWLEDGES AND AGREES THAT
ANY CONTROVERSY WHICH MAY ARISE UNDER THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT
SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS SUBSCRIPTION AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS SUBSCRIPTION AGREEMENT. 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 LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER; (II) SUCH PARTY
UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THE FOREGOING WAIVER; (III) SUCH PARTY MAKES THE FOREGOING WAIVER VOLUNTARILY AND (IV) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS SUBSCRIPTION AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVER
AND CERTIFICATIONS IN THIS SECTION 7(m) 

  
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 IN WITNESS WHEREOF, each of the Issuer and Subscriber has executed this Subscription
Agreement as of the date set forth below 
  

			
	PLAYA HOTELS & RESORTS N.V.
		
	By:	 	  

		 	Name:
		 	Title:

 Date:
                         , 2017 

[Signature Page to Subscription Agreement] 

	
	SUBSCRIBER:
	
	Signature of Subscriber:
	
	  

	
	Date:                      , 2017
	
	Name of Subscriber:
	
	  

	(Please print.)
	
	Email Address:                                   
                                         
      
	
	Mailing Address:
	
	  

	Street
	
	  

	City, State, Zip:
	
	Telephone No.:                                   
                                         
      
	
	Facsimile No.:                                   
                                         
       
	
	Aggregate Number of Acquired Shares subscribed for:
	
	  

	
	Aggregate Purchase Price: $                     .

 You must pay the Purchase Price by wire transfer of United States dollars in immediately available funds to the account
specified by the Issuer in writing or by personal check in U.S. dollars delivered personally or by Federal Express or similar nationally reputable overnight carrier to Dayna Blank at 1560 Sawgrass Corporate Parkway, Suite 310, Ft. Lauderdale,
Florida 33323. Subscriber may pay the Purchase Price by personal check only if Subscriber is located in the United States. By signing above and paying the Purchase Price, you consent to payment of the Purchase Price in U.S. dollars. 

[Signature Page to Subscription Agreement]EX-10.11

 Exhibit 10.11 

SPONSOR EARNOUT WARRANTS AGREEMENT 

TPG PACE SPONSOR, LLC 

THIS SPONSOR EARNOUT WARRANTS AGREEMENT, effective as of March 10, 2017 (as it may from time to time be amended, this
“Agreement”), is entered into by and between Porto Holdco N.V., a Dutch public limited liability company (naamloze vennootschap) (“Holdco”), and TPG PACE Sponsor, LLC (f/k/a TPACE
Sponsor Corp.), a Cayman Islands exempted company (the “Holder”). 
 WHEREAS, in connection
with the consummation of the transactions contemplated by that certain Transaction Agreement, dated as of December 13, 2016, by and among Porto Holdco B.V., a Dutch private limited liability company, Pace Holdings Corp., a Cayman Islands
exempted company, New Pace Holdings Corp., a Cayman Islands exempted company, and Playa Hotels & Resorts B.V., a Dutch private limited liability company (as amended on February 6, 2017 and as it may be further amended, restated or
otherwise modified from time to time, the “Transaction Agreement”), the Holder is being issued warrants to purchase 2,000,000 warrants, each entitling the Holder to purchase one ordinary share of Holdco (a “Share”)
at an exercise price of €0.10 per Share (the “Sponsor Earnout Warrants”).  
 NOW, THEREFORE, in
consideration of the mutual promises and covenants set forth herein, the parties hereby agree as follows: 
 AGREEMENT 

Section 1. Authorization, Purchase and Sale; Terms of the Sponsor Earnout Warrants. 

A. Authorization of the Sponsor Earnout Warrants. Holdco has duly authorized the issuance of the Sponsor Earnout Warrants to the
Holder. 
 B. Issuance of the Sponsor Earnout Warrants. 

(i) Prior to the consummation of the Company Merger (as defined in the Transaction Agreement) and in connection with the surrender of
3,750,000 Founder Shares (as defined in the Transaction Agreement) and 7,333,333 Parent Founder Warrants (as defined in the Transaction Agreement) and in accordance with the terms hereof, Holdco is hereby issuing to the Holder 2,000,000 Sponsor
Earnout Warrants. 
 (ii) Upon the occurrence of the Common Share Price (as defined below) being greater than $13.00 (as adjusted for stock
splits and reverse stock splits) for a period of more than twenty (20) days out of thirty (30) consecutive trading days after the Closing Date (as defined in the Transaction Agreement) but within five (5) years after the Closing Date
(the “Trigger Event”), the Sponsor Earnout Warrants may be exercised by the Holder by surrendering the Sponsor Earnout Warrants together with a Notice of Exercise in the form 

 
attached hereto as Exhibit A (each, a “Notice of Exercise”), (a) for cash, at a price of €0.10 per Share for an aggregate purchase price of €200,000
(the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to Holdco in accordance with Holdco’s wiring instructions or (b) if the Fair Market Value exceeds the Purchase Price, on a
cashless basis, for that number of Shares equal to the quotient obtained by dividing (1) the number of full Shares underlying the Sponsor Earnout Warrants, multiplied by the difference between the Fair Market Value and the Purchase Price, by
(2) the Fair Market Value. For the purposes of this Agreement, the term “Fair Market Value” shall mean the average last sale price of the Shares for the ten (10) trading days ending on the third (3rd) trading day prior to the date on which the Notice of Exercise of the Sponsor Earnout Warrants is sent to Holdco. 

(iii) Upon receipt by Holdco of the Notice of Exercise, surrender of the Sponsor Earnout Warrants and (a) in the case of an exercise
pursuant to Section 1.B(ii)(a), payment of the Purchase Price or (b) in the case of an exercise pursuant to Section 1.B(ii)(b), tendering of the Sponsor Earnout Warrants, Holdco shall issue to the Holder of such Sponsor Earnout
Warrants a book-entry position or certificate, as applicable, for the number of full Shares to which Holder is entitled, registered in such name or names as may be directed by Holder, and if such Sponsor
Earnout Warrant shall not have been exercised in full, a new book-entry position or countersigned Sponsor Earnout Warrant, as applicable, for the number of shares as to which such Sponsor Earnout Warrant shall
not have been exercised; provided, that if the Holder delivers the Notice of Exercise and other items required for delivery of the Shares pursuant to this Section 1(B) on or before the six (6) month anniversary of the Closing Date
(as defined in the Transaction Agreement), the Holder agrees that it shall not, on or before the six (6) month anniversary of the Closing Date, (1) offer, pledge, sell, contract to sell, grant any option or contract to purchase, purchase
any option or contract to sell, or otherwise dispose of, directly or indirectly, any of the Shares received pursuant to this Agreement, or (2) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the
economic consequences of ownership of such Shares, in each case regardless of whether any such transaction above is settled by delivery of Shares or other securities, in cash or otherwise. 

(iv) As used herein, “Common Share Price” shall mean the price per Share on the NASDAQ Capital Market (or any other
securities market that the Shares are traded or listed on at such time) (as reported by Bloomberg L.P. or, if not reported therein, in another authoritative source mutually selected by the parties hereto) as of 4:00 p.m., New York, New York time on
such date. 
 (v) The exchange of Sponsor Earnout Warrants for Shares in an exercise pursuant to Section 1.B(ii)(b) is intended to
qualify as a reorganization pursuant to Section 368 of the Internal Revenue Code of 1986, as amended, and the parties shall not take any position inconsistent therewith unless otherwise required by applicable law. 

  
 2 

 Section 2. Representations and Warranties of Holdco. As a material inducement to the Holder to enter
into this Agreement, Holdco hereby represents and warrants to the Holder that: 
 A. Organization and Corporate Power. Holdco
is a Dutch public limited liability company (naamloze vennootschap) duly incorporated and validly existing under the laws of the Netherlands and is qualified to do business in every jurisdiction in which the failure to so qualify would
reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of Holdco. Holdco possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this
Agreement. 
 B. Authorization; No Breach. 

(i) The execution, delivery and performance of this Agreement and the Sponsor Earnout Warrants have been duly authorized by Holdco. This
Agreement constitutes the valid and binding obligation of Holdco, enforceable in accordance with its terms. Upon issuance in accordance with, and payment pursuant to, the terms of this Agreement, the Sponsor Earnout Warrants will constitute valid
and binding obligations of Holdco, enforceable in accordance with their terms. 
 (ii) The execution and delivery by Holdco of this Agreement
and the Sponsor Earnout Warrants, the issuance and sale of the Sponsor Earnout Warrants, the issuance of the Shares upon exercise of the Sponsor Earnout Warrants and the fulfillment, of and compliance with, the respective terms hereof and thereof by
Holdco, do not and will not as of the Closing Date: (a) conflict with or result in a breach of the terms, conditions or provisions of, (b) constitute a default under, (c) result in the creation of any lien, security interest, charge
or encumbrance upon Holdco’s share capital or assets under, (d) result in a violation of, or (e) require any authorization, consent, approval, exemption or other action by or notice or declaration to, or filing with, any court or
administrative or governmental body or agency pursuant to the memorandum and articles of association of Holdco, or any material law, statute, rule or regulation to which Holdco is subject, or any agreement, order, judgment or decree to which Holdco
is subject, except for any filings required after the date hereof under federal or state securities laws. 
 C. Title to Securities.
Upon issuance in accordance with, and payment pursuant to, and registration in the register of members of Holdco, the terms hereof, the Shares issuable upon exercise of the Sponsor Earnout Warrants will be duly and validly issued, fully paid and
nonassessable. Upon issuance in accordance with, and payment pursuant to, the terms hereof, the Holder will have good title to the Sponsor Earnout Warrants and the Shares issuable upon exercise of such Sponsor Earnout Warrants, free and clear of all
liens, claims and encumbrances of any kind, other than (i) transfer restrictions hereunder, under the Transaction Agreement (if any) and the other agreements contemplated hereby and thereby, (ii) transfer restrictions under federal and
state securities laws, and (iii) liens, claims or encumbrances imposed due to the actions of the Holder. 
 D. Governmental
Consents. No permit, consent, approval or authorization of, or declaration to or filing with, any governmental authority is required in connection with the execution, delivery and performance by Holdco of this Agreement or the consummation by
Holdco of any other transactions contemplated hereby. 

  
 3 

 Section 3. Representations and Warranties of the Holder. As a material inducement to Holdco entering
into this Agreement and issuing the Sponsor Earnout Warrants to the Holder, the Holder hereby represents and warrants to Holdco that: 

A. Organization and Requisite Authority. The Holder possesses all requisite power and authority necessary to carry out the transactions
contemplated by this Agreement. 
 B. Authorization; No Breach. 

(i) This Agreement constitutes a valid and binding obligation of the Holder, enforceable in accordance with its terms, subject to bankruptcy,
insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating to or affecting creditors’ rights and to general equitable principles (whether considered in a proceeding in equity or law). 

(ii) The execution and delivery by the Holder of this Agreement and the fulfillment of and compliance with the terms hereof by the Holder does
not and shall not as of the Closing Date conflict with or result in a breach by the Holder of the terms, conditions or provisions of any agreement, instrument, order, judgment or decree to which the Holder is subject. 

C. Investment Representations. 

(i) The Holder is acquiring the Sponsor Earnout Warrants and, upon exercise of the Sponsor Earnout Warrants, the Shares issuable upon such
exercise (collectively, the “Securities”), for the Holder’s own account, for investment purposes only and not with a view towards, or for resale in connection with, any public sale or distribution thereof in violation of the
Securities Act (as defined below). 
 (ii) The Holder is an “accredited investor” as such term is defined in Rule 501(a)(3) of
Regulation D. 
 (iii) The Holder understands that the Securities are being offered and will be sold to it in reliance on specific exemptions
from the registration requirements of the United States federal and state securities laws and that Holdco is relying upon the truth and accuracy of, and the Holder’s compliance with, the representations and warranties of the Holder set forth
herein in order to determine the availability of such exemptions and the eligibility of the Holder to acquire such Securities. 
 (iv) The
Holder did not decide to enter into this Agreement as a result of any general solicitation or general advertising within the meaning of Rule 502(c) under the Securities Act of 1933, as amended (the “Securities Act”). 

(v) The Holder has been furnished with all materials relating to the business, finances and operations of Holdco and materials relating to the
offer and sale of the Securities 

  
 4 

 
which have been requested by the Holder. The Holder has been afforded the opportunity to ask questions of the executive officers and directors of Holdco. The Holder understands that its
investment in the Securities involves a high degree of risk and it has sought such accounting, legal and tax advice as it has considered necessary to make an informed investment decision with respect to the acquisition of the Securities. 

(vi) The Holder understands that no United States federal or state agency or any other government or governmental agency has passed on or made
any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities by the Holder nor have such authorities passed upon or endorsed the merits of the offering of the Securities. 

(i) The Holder understands that: (a) the Securities have not been and are not being registered under the Securities Act or any state
securities laws, and may not be offered for sale, sold, assigned or transferred unless (1) subsequently registered thereunder or (2) sold in reliance on an exemption therefrom; and (b) neither Holdco nor any other person is under any
obligation to register the Securities under the Securities Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder, except as provided in that certain Registration Rights Agreement, dated as of
March 11, 2017, by and among Holdco and the other parties identified therein. 
 (ii) The Holder has such knowledge and experience in
financial and business matters, knowledge of the high degree of risk associated with investments in the securities of companies in the development stage such as Holdco, is capable of evaluating the merits and risks of an investment in the Securities
and is able to bear the economic risk of an investment in the Securities in the amount contemplated hereunder for an indefinite period of time. The Holder has adequate means of providing for its current financial needs and contingencies and will
have no current or anticipated future needs for liquidity which would be jeopardized by the investment in the Securities. The Holder can afford a complete loss of its investments in the Securities. 

Section 4. Termination. This Agreement shall terminate on March 11, 2022. 

Section 5. Survival of Representations and Warranties. All of the representations and warranties contained herein shall survive the Closing (as
defined in the Transaction Agreement). 
 Section 6. Miscellaneous. 

A. Assignment. Except as otherwise contemplated by the Transaction Agreement, neither this Agreement nor any of the rights, interests
or obligations hereunder shall be assigned by Holdco (whether by operation of law, merger or otherwise) without the prior written consent of Holder. Subject to Section 1(B)(iii), this Agreement and the rights, interests and obligations
hereunder may be assigned by Holder without consent. This Agreement will be binding upon, inure to the benefit of and be enforceable by the parties hereto and their respective successors and assigns. Any purported assignment in violation of this
Section 6(A) shall be void. 

  
 5 

 B. Governing Law; Venue; Waiver of Jury Trial. This Agreement, and any claim or cause of
action hereunder based upon, arising out of or related to this Agreement (whether based on law, in equity, in contract, in tort or any other theory) or the negotiation, execution, performance or enforcement of this Agreement, shall be governed by
and construed in accordance with the Laws of the State of New York, without giving effect to any principles of conflicts of law. 
 (i) THE
PARTIES HERETO IRREVOCABLY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK, THE SUPREME COURT OF THE STATE OF NEW YORK AND THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA LOCATED IN
THE STATE OF NEW YORK SOLELY IN RESPECT OF THE INTERPRETATION AND ENFORCEMENT OF THE PROVISIONS OF THIS AGREEMENT AND THE DOCUMENTS REFERRED TO IN THIS AGREEMENT AND IN RESPECT OF THE TRANSACTIONS CONTEMPLATED HEREBY, AND HEREBY WAIVE, AND AGREE NOT
TO ASSERT, AS A DEFENSE IN ANY ACTION, SUIT OR PROCEEDING FOR INTERPRETATION OR ENFORCEMENT HEREOF OR ANY SUCH DOCUMENT THAT IS NOT SUBJECT THERETO OR THAT SUCH ACTION, SUIT OR PROCEEDING MAY NOT BE BROUGHT OR IS NOT MAINTAINABLE IN SAID COURTS OR
THAT VENUE THEREOF MAY NOT BE APPROPRIATE OR THAT THIS AGREEMENT OR ANY SUCH DOCUMENT MAY NOT BE ENFORCED IN OR BY SUCH COURTS, AND THE PARTIES HERETO IRREVOCABLY AGREE THAT ALL CLAIMS WITH RESPECT TO SUCH ACTION, SUIT OR PROCEEDING SHALL BE HEARD
AND DETERMINED BY SUCH A NEW YORK STATE OR FEDERAL COURT. THE PARTIES HEREBY CONSENT TO AND GRANT ANY SUCH COURT JURISDICTION OVER THE PERSON OF SUCH PARTIES AND OVER THE SUBJECT MATTER OF SUCH DISPUTE AND AGREE THAT MAILING OF PROCESS OR OTHER
PAPERS IN CONNECTION WITH SUCH ACTION, SUIT OR PROCEEDING IN THE MANNER PROVIDED IN SECTION 6(C) OR IN SUCH OTHER MANNER AS MAY BE PERMITTED BY LAW SHALL BE VALID AND SUFFICIENT SERVICE THEREOF. 

(ii) EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY IS
LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. 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 LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER; (II) SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THE FOREGOING WAIVER; (III) SUCH PARTY 

  
 6 

 
MAKES THE FOREGOING WAIVER VOLUNTARILY AND (IV) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVER AND CERTIFICATIONS IN THIS SECTION 6(B). 

C. Notices. Any notice or communication required or permitted hereunder shall be in writing and either delivered personally,
telegraphed, emailed or telecopied, sent by overnight mail via a reputable overnight carrier, or sent by certified or registered mail, postage prepaid, and shall be deemed to be given and received (a) when so delivered personally, (b) upon
receipt of an appropriate electronic answerback or confirmation when so delivered by telegraph or telecopy (to such number specified below or another number or numbers as such Person may subsequently designate by notice given hereunder),
(c) when sent, with no mail undeliverable or other rejection notice, if sent by email, or (d) five (5) business days after the date of mailing to the address below or to such other address or addresses as such Person may hereafter
designate by notice given hereunder: 
  

	 	(i)	if to Holdco, to: 

 Playa Hotels & Resorts N.V. 

c/o Playa Management USA LLC 

3950 University Drive, Suite 301 

Fairfax, VA 22030 

Attention: Bruce D. Wardinski 

with a copy to (which copy shall not constitute notice): 

Playa Hotels & Resorts N.V. 

1560 Sawgrass Corporate Parkway, Suite 310 

Fort Lauderdale, FL 33323 

Attention: General Counsel 
  

	 	(ii)	if to Holder, to the address set forth on the signature page hereto. 

 D. Further
Assurances. Subject to the terms and conditions of this Agreement, the parties agree to use their commercially reasonable efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or
advisable to consummate and make effective the transactions contemplated hereby. Subject to the terms and conditions of this Agreement, at any time and from time to time after the Closing, at a party’s reasonable request and without further
consideration, the other parties shall execute and deliver to such requesting party such other instruments of sale, transfer, conveyance, assignment and confirmation, provide such materials and information and take such other actions as required in
order to consummate the transactions contemplated hereby. 
 E. Titles and Headings. The titles, captions and headings of this
Agreement are included for ease of reference only and will be disregarded in interpreting or construing this Agreement. Unless otherwise specifically stated, all references herein to “sections” and “exhibits” will mean
“sections” and “exhibits” to this Agreement. 

  
 7 

 F. Entire Agreement. No Third-Party Beneficiaries. This Agreement (together with any
ancillary agreements and any other documents and instruments referred to herein) constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, among the parties with respect to the subject matter
hereof. This Agreement is not intended to confer upon any person other than the parties hereto any rights or remedies hereunder. 
 G.
Severability. If any provision of this Agreement is determined by any court or arbitrator of competent jurisdiction to be invalid, illegal or unenforceable in any respect, such provision will be enforced to the maximum extent possible given
the intent of the parties hereto. If such clause or provision cannot be so enforced, such provision shall be stricken from this Agreement and the remainder of this Agreement shall be enforced as if such invalid, illegal or unenforceable clause or
provision had (to the extent not enforceable) never been contained in this Agreement. Notwithstanding the forgoing, if the value of this Agreement based upon the substantial benefit of the bargain for any party is materially impaired, which
determination as made by the presiding court or arbitrator of competent jurisdiction shall be binding, then both parties agree to substitute such provision(s) through good faith negotiations. 

H. Amendment and Waivers. This Agreement may be amended only by a written agreement executed by each of the parties hereto. No
amendment of or waiver of, or modification of any obligation under this Agreement will be enforceable unless set forth in a writing signed by the party against which enforcement is sought. Any amendment effected in accordance with this section will
be binding upon all parties hereto and each of their respective successors and assigns. No delay or failure to require performance of any provision of this Agreement shall constitute a waiver of that provision as to that or any other instance. No
waiver granted under this Agreement as to any one provision herein shall constitute a subsequent waiver of such provision or of any other provision herein, nor shall it constitute the waiver of any performance other than the actual performance
specifically waived. 
 I. Counterparts. This Agreement may be executed in two (2) or more counterparts (including by electronic
means), all of which shall be considered one and the same agreement and shall become effective when signed by each of the parties and delivered to the other parties, it being understood that all parties need not sign the same counterpart. 

J. Expenses. All fees and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by
the party incurring such expenses. 
 K. Specific Performance. Unless this Agreement has been terminated, each party to this
Agreement acknowledges and agrees that any breach by it of this Agreement shall cause any (or either) of the other parties irreparable harm which may not be adequately compensable by money damages. Accordingly, except in the case of termination, in
the event of a breach or threatened breach by a party of any provision of this Agreement, each party shall be entitled to seek the remedies of specific performance, injunction or other preliminary or equitable relief, without having to prove
irreparable harm or actual damages. The foregoing right shall be in addition to such other rights or remedies as may be available to any party for such breach or threatened breach, including but not limited to the recovery of money damages. 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 

  
 8 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement to be effective as of
the date first set forth above. 
  

			
	COMPANY:
	
	PORTO HOLDCO N.V.
		
	By:	 	/s/ P.E. Gouveia Fernandes Das Neves
	Name:	 	P.E. Gouveia Fernandes Das Neves
	Title:	 	Executive Director
	
	HOLDER:
	
	TPG PACE SPONSOR, LLC
		
	By:	 	/s/ Karl Peterson
	Name:	 	Karl Peterson
	Title:	 	President
	Address:	 	 
	
	 
	
	 
	
	 

  
 [Signature page
to Sponsor Earnout Warrants Agreement] 

 EXHIBIT A 

NOTICE OF EXERCISE 
 The
undersigned registered owner of this Sponsor Earnout Warrant irrevocably exercises this Sponsor Earnout Warrant as follows: 
 ☐
                     Shares of Holdco, in the case of an exercise pursuant to Section 1.B(ii)(a), tenders herewith payment in cash of the
Purchase Price of such Shares in full, together with all applicable transfer taxes, if any. 
  

	 	☐	In the case of an exercise pursuant to Section 1.B(ii)(b), hereby tenders the Sponsor Earnout Warrant with respect to
                     Shares of Holdco. 

The Holder requests that the Shares hereby acquired (and any securities or other property issuable upon such exercise) be issued in the name
of                                  whose address is
                                 and, if such Shares shall not include all of the
Shares issuable as provided in the attached Sponsor Earnout Warrant, that a new Sponsor Earnout Warrant (with the same terms) of like tenor and date for the balance of the Shares issuable hereunder be delivered to the undersigned. 

 

	
	
	   

	(Name of Holder)
	
	   

	(Signature of Holder)
	
	   

	(Street Address)
	
	   

	(City)                    (State)                
    (Zip Code)

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