Document:

Exhibit 4.5

 

DESCRIPTION OF SECURITIES

 

The following summary of the material terms of
the securities of Vy Global Growth (“we,” “us,” “our” or “the company”) is not intended
to be a complete summary of the rights and preferences of such securities and is subject to and qualified by reference to our amended
and restated memorandum and articles of association incorporated by reference as an exhibit to the company’s Amendment No. 2
to the Annual Report on Form 10-K/A for the year ended December 31, 2020, and applicable Cayman Islands law. We urge you to
read our amended and restated memorandum and articles of association in their entirety for a complete description of the rights and preferences
of our securities.

 

Certain Terms

 

Unless otherwise stated in this Exhibit or the context otherwise
requires, references to:

 

		•	“Companies Act” are to the Companies Act (2021 Revision) of the Cayman Islands as the same may be amended from time to
time;

 

		•	“founder shares” are to our Class B ordinary shares outstanding as of this Amendment No. 2 to the Annual Report
on Form 10-K/A and the Class A ordinary shares that will be issued upon the automatic conversion of the Class B ordinary
shares at the time of our initial business combination (for the avoidance of doubt, such Class A ordinary shares will not be “public
shares”);

 

		•	“Initial Public Offering” are to the company’s offering on October 6, 2020;

 

		•	“initial shareholders” are to our sponsor and each other holder of founder shares upon the consummation of our Initial
Public Offering;

 

		•	“ordinary shares” are to our Class A ordinary shares and our Class B ordinary shares;

 

		•	“private placement warrants” are to the warrants sold to our sponsor in a private placement simultaneously with the closing
of our Initial Public Offering and to be issued upon conversion of working capital loans, if any;

 

		•	“public shareholders” are to the holders of our public shares, including our sponsor and founding team to the extent our
sponsor and/or members of our founding team purchase public shares, provided that our sponsor’s and each member of our founding
team’s status as a “public shareholder” will only exist with respect to such public shares;

 

		•	“public shares” are to our Class A ordinary shares sold as part of the units in our Initial Public Offering (whether
they were purchased in our Initial Public Offering or thereafter in the open market);

 

		•	“sponsor” are to Vy Global Growth Management Co., a Cayman Islands limited liability company; and

 

		•	“Vy Capital” are to Vy Capital Holding Company (Cayman) and its affiliates, an affiliate of our sponsor.

 

General

 

We are a Cayman Islands exempted company and our
affairs are governed by our amended and restated memorandum and articles of association, the Companies Act and the common law of the Cayman
Islands. Pursuant to our amended and restated memorandum and articles of association, we are authorized to issue 200,000,000 Class A
ordinary shares and 20,000,000 Class B ordinary shares, as well as 1,000,000 preference shares, $0.0001 par value each. The following
description summarizes certain terms of our shares as set out more particularly in our amended and restated memorandum and articles of
association. Because it is only a summary, it may not contain all the information that is important to you.

 

Units

 

Each unit consists of one Class A ordinary
share and one-fifth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share
at a price of $11.50 per share, subject to adjustment as described in this Amendment No. 2 to the Annual Report on Form 10-K/A.
Pursuant to the warrant agreement, a warrant holder may exercise its warrants only for a whole number of the company’s Class A
ordinary shares. This means only a whole warrant may be exercised at any given time by a warrant holder.

 

Ordinary Shares

 

Upon the closing of the Initial Public Offering, 72,250,000 of our
ordinary shares were outstanding, including:

 

		•	57,500,000 Class A ordinary shares underlying the units issued as part of the Initial Public Offering; and

 

		•	14,750,000 Class B ordinary shares held by our initial shareholders.

 

Ordinary shareholders of record are entitled to
one vote for each share held on all matters to be voted on by shareholders. Except as described below, holders of Class A ordinary
shares and holders of Class B ordinary shares will vote together as a single class on all matters submitted to a vote of our shareholders
except as required by law. Unless specified in our amended and restated memorandum and articles of association, or as required by applicable
provisions of the Companies Act or applicable stock exchange rules, the affirmative vote of a majority of our ordinary shares that are
voted is required to approve any such matter voted on by our shareholders. Approval of certain actions will require a special resolution
under Cayman Islands law, being the affirmative vote of at least two-thirds of our ordinary shares that are voted, and pursuant to our
amended and restated memorandum and articles of association; such actions include amending our amended and restated memorandum and articles
of association and approving a statutory merger or consolidation with another company. Our board of directors is divided into three classes,
each of which will generally serve for terms of three years with only one class of directors being appointed in each year. There is no
cumulative voting with respect to the appointment of directors, with the result that the holders of more than 50% of the shares voted
for the appointment of directors can appoint all of the directors. Our shareholders are entitled to receive ratable dividends when, as
and if declared by the board of directors out of funds legally available therefor.

 

     

     

    

 

Prior to our initial business combination, only
holders of our founder shares will have the right to vote on the appointment of directors. Holders of our public shares will not be entitled
to vote on the appointment of directors during such time. In addition, prior to the completion of an initial business combination, holders
of a majority of our founder shares may remove a member of the board of directors for any reason. The provisions of our amended and restated
memorandum and articles of association governing the appointment or removal of directors prior to our initial business combination may
only be amended by a special resolution passed by holders representing at least two- thirds of our issued and outstanding Class B
ordinary shares.

 

Because our amended and restated memorandum and
articles of association authorizes the issuance of up to 200,000,000 Class A ordinary shares, if we were to enter into a business
combination, we may (depending on the terms of such a business combination) be required to increase the number of Class A ordinary
shares which we are authorized to issue at the same time as our shareholders vote on the business combination to the extent we seek shareholder
approval in connection with our initial business combination.

 

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

 

We will provide our public shareholders with the
opportunity to redeem all or a portion of their public shares upon the completion of our initial business combination at a per-share price,
payable in cash, equal to the aggregate amount then on deposit in the trust account calculated as of two business days prior to the consummation
of our initial business combination, including interest earned on the funds held in the trust account and not previously released to us
to pay our income taxes, if any, divided by the number of the then-outstanding public shares, subject to the limitations described herein.
The per share amount we will distribute to investors who properly redeem their shares will not be reduced by the deferred underwriting
commissions we will pay to the underwriters. The redemption rights may include the requirement that a beneficial owner must identify itself
in order to valid redeem its shares. Our sponsor and our founding team have entered into an agreement with us, pursuant to which they
have agreed to waive their redemption rights with respect to their founder shares and any public shares purchased during or after the
Initial Public Offering in connection with (i) the completion of our initial business combination and (ii) a shareholder vote
to approve an amendment to our amended and restated memorandum and articles of association (A) that would modify the substance or
timing of our obligation to provide holders of our Class A ordinary shares the right to have their shares redeemed in connection
with our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within
24 months from the Initial Public Offering, or 27 months from the closing of the Initial Public Offering if we have executed a letter
of intent, agreement in principle or definitive agreement for an initial business combination within 24 months from the Initial Public
Offering, or (B) with respect to any other provision relating to the rights of holders of our Class A ordinary shares or pre-initial
business combination activity. Unlike many blank check companies that hold shareholder votes and conduct proxy solicitations in conjunction
with their initial business combinations and provide for related redemptions of public shares for cash upon completion of such initial
business combinations even when a vote is not required by law, if a shareholder vote is not required by applicable law or stock exchange
rule and we do not decide to hold a shareholder vote for business or other reasons, we will, pursuant to our amended and restated
memorandum and articles of association, conduct the redemptions pursuant to the tender offer rules of the SEC, and file tender offer
documents with the SEC prior to completing our initial business combination. Our amended and restated memorandum and articles of association
requires these tender offer documents to contain substantially the same financial and other information about the initial business combination
and the redemption rights as is required under the SEC’s proxy rules. If, however, a shareholder approval of the transaction is
required by applicable law or stock exchange rule, or we decide to obtain shareholder approval for business or other reasons, we will,
like many blank check companies, offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and
not pursuant to the tender offer rules. If we seek shareholder approval, we will complete our initial business combination only if we
receive approval pursuant to an ordinary resolution under Cayman Islands law, which requires the affirmative vote of a majority of the
shareholders who attend and vote at a general meeting of the company. However, the participation of our sponsor, officers, directors,
advisors or their affiliates in privately- negotiated transactions (as described in this Amendment No. 2 to the Annual Report on
Form 10-K/A), if any, could result in the approval of our initial business combination even if a majority of our public shareholders
vote, or indicate their intention to vote, against such initial business combination unless restricted by applicable NYSE rules. For purposes
of seeking approval of the majority of our issued and outstanding ordinary shares, non-votes will have no effect on the approval of our
initial business combination once a quorum is obtained. Our amended and restated memorandum and articles of association will require that
at least five days’ notice will be given of any general meeting.

 

If we seek shareholder approval of our initial
business combination and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer
rules, our amended and restated memorandum and articles of association provides that a public shareholder, together with any affiliate
of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under
Section 13 of the Exchange Act), will be restricted from seeking redemption rights with respect to more than an aggregate of 15%
of the shares sold in the Initial Public Offering, which we refer to as the “Excess Shares,” without our prior consent. However,
we would not be restricting our shareholders’ ability to vote all of their shares (including Excess Shares) for or against our initial
business combination. Our shareholders’ inability to redeem the Excess Shares will reduce their influence over our ability to complete
our initial business combination, and such shareholders could suffer a material loss in their investment if they sell such Excess Shares
on the open market.

 

Additionally, such shareholders will not receive
redemption distributions with respect to the Excess Shares if we complete our initial business combination. And, as a result, such shareholders
will continue to hold that number of shares exceeding 15% and, in order to dispose such shares would be required to sell their shares
in open market transactions, potentially at a loss.

 

     

     

    

 

If we seek shareholder approval, we will complete
our initial business combination only if we receive approval pursuant to an ordinary resolution under Cayman Islands law, which requires
the affirmative vote of a majority of the shareholders who attend and vote at a general meeting of the company. In such case, our sponsor
and each member of our founding team have agreed to vote their founder shares and public shares purchased during or after the Initial
Public Offering in favor of our initial business combination. As a result, in addition to our initial shareholders’ founder shares,
we would need 21,562,501, or 37.5%, of the 57,500,000 public shares to be voted in favor of an initial business combination in order to
have our initial business combination approved (assuming all issued and outstanding shares are voted). The other members of our founding
team are subject to the same arrangements with respect to any public shares acquired by them in or after the Initial Public Offering.
Additionally, each public shareholder may appoint to redeem their public shares irrespective of whether they vote for or against the proposed
transaction or vote at all.

 

Pursuant to our amended and restated memorandum
and articles of association, if we do not consummate an initial business combination within 24 months from the Initial Public Offering,
or 27 months from Initial Public Offering if we have executed a letter of intent, agreement in principle or definitive agreement for an
initial business combination within 24 months from the Initial Public Offering, we will (i) cease all operations except for the purpose
of winding up; (ii) as promptly as reasonably possible but no more than ten business days thereafter, redeem the public shares, at
a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the
funds held in the trust account and not previously released to us to pay our income taxes, if any (less up to $100,000 of interest to
pay dissolution expenses), divided by the number of the then-outstanding public shares, which redemption will completely extinguish public
shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any); and (iii) as
promptly as reasonably possible following such redemption, subject to the approval of our remaining shareholders and our board of directors,
liquidate and dissolve, subject in each case of clause (ii) and (iii), to our obligations under Cayman Islands law to provide for
claims of creditors and the requirements of other applicable law. Our sponsor and each member of our founding team have entered into an
agreement with us, pursuant to which they have agreed to waive their rights to liquidating distributions from the trust account with respect
to any founder shares they hold if we fail to consummate an initial business combination within 24 months from the Initial Public Offering,
or 27 months from the Initial Public Offering if we have executed a letter of intent, agreement in principle or definitive agreement for
an initial business combination within 24 months from the Initial Public Offering (although they will be entitled to liquidating distributions
from the trust account with respect to any public shares they hold if we fail to complete our initial business combination within 24 months
from the Initial Public Offering, or 27 months from the Initial Public Offering if we have executed a letter of intent, agreement in principle
or definitive agreement for an initial business combination within 24 months from the Initial Public Offering ).

 

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

 

Founder Shares

 

The founder shares are designated as Class B
ordinary shares and, except as described below, are identical to the Class A ordinary shares included in the units sold in the Initial
Public Offering, and holders of founder shares have the same shareholder rights as public shareholders, except that:

 

		•	prior to our initial business combination, only holders of our founder shares will have the right to vote on the appointment of directors;

 

		•	the founder shares are subject to certain transfer restrictions, as described in more detail below;

 

		•	our sponsor and our founding team have entered into an agreement with us, pursuant to which they have agreed to (i) waive their
redemption rights with respect to any founder shares and public shares they hold, (ii) to waive their redemption rights with respect
to any founder shares and any public shares purchased during or after the Initial Public Offering in connection with a shareholder vote
to approve an amendment to our amended and restated memorandum and articles of association (A) that would modify the substance or
timing of our obligation to provide holders of our Class A ordinary shares the right to have their shares redeemed in connection
with our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within
24 months from the Initial Public Offering, or 27 months from the Initial Public Offering if we have executed a letter of intent, agreement
in principle or definitive agreement for an initial business combination within 24 months from the Initial Public Offering, (B) with
respect to any other provision relating to the rights of holders of our Class A ordinary shares or pre-initial business combination
activity and (iii) waive their rights to liquidating distributions from the trust account with respect to any founder shares or private
placement warrants they hold if we fail to consummate an initial business combination within 24 months from the Initial Public Offering,
or 27 months from the Initial Public Offering if we have executed a letter of intent, agreement in principle or definitive agreement for
an initial business combination within 24 months from the Initial Public Offering (although they will be entitled to liquidating distributions
from the trust account with respect to any public shares they hold if we fail to complete our initial business combination within 24 months
from the Initial Public Offering, or 27 months from the Initial Public Offering if we have executed a letter of intent, agreement in principle
or definitive agreement for an initial business combination within 24 months from the Initial Public Offering);

 

		•	the founder shares will automatically convert into our Class A ordinary shares at the time of our initial business combination
as described below adjacent to the caption “Founder shares conversion and antidilution rights” and in our amended and restated
memorandum and articles of association; and

 

		•	the founder shares are entitled to registration rights.

 

If we submit our initial business combination
to our public shareholders for a vote, our sponsor and our founding team have agreed to vote their founder shares and any public shares
purchased during or after the Initial Public Offering in favor of our initial business combination. If we seek shareholder approval, we
will complete our initial business combination only if a majority of the ordinary shares, represented in person or by proxy and entitled
to vote thereon, voted at a general meeting are voted in favor of the business combination. In such case, our sponsor and each member
of our founding team have agreed to vote their founder shares and any public shares purchased during or after the Initial Public Offering
in favor of our initial business combination. As a result, in addition to our initial shareholders’ founder shares, we would need
21,562,501, or 37.5%, of the 57,500,000 public shares sold in the Initial Public Offering to be voted in favor of an initial business
combination in order to have our initial business combination approved (assuming all issued and outstanding shares are voted).

 

     

     

    

 

The founder shares will automatically convert
into Class A ordinary shares on the first business day following the consummation of our initial business combination at a ratio
such that the number of Class A ordinary shares issuable upon conversion of all founder shares will equal, in the aggregate, on an
as- converted basis, 20% of the sum of (i) the total number of ordinary shares issued and outstanding upon completion of the Initial
Public Offering, plus (ii) the sum of the total number of Class A ordinary shares issued or deemed issued or issuable upon conversion
or exercise of any equity-linked securities or rights issued or deemed issued, by the Company in connection with or in relation to the
consummation of the initial business combination, excluding any Class A ordinary shares or equity-linked securities exercisable for
or convertible into Class A ordinary shares issued, deemed issued, or to be issued, to any seller in the initial business combination
and any private placement warrants issued to our sponsor, members of our founding team or any of their affiliates upon conversion of working
capital loans. In no event will the Class B ordinary shares convert into Class A ordinary shares at a rate of less than one
to one.

 

Except as described herein, our sponsor and our
founding team have agreed not to transfer, assign or sell (i) any of their founder shares until the earliest of (A) one year
after the completion of our initial business combination and (B) subsequent to our initial business combination, (x) if the
closing price of our Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations,
reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days
after our initial business combination, or (y) the date on which we complete a liquidation, merger, share exchange, reorganization
or other similar transaction that results in all of our public shareholders having the right to exchange their ordinary shares for cash,
securities or other property and (ii) any of their private placement warrants and Class A ordinary shares issued upon conversion
or exercise thereof until 30 days after the completion of our initial business combination. Any permitted transferees will be subject
to the same restrictions and other agreements of our sponsor and our founding team with respect to any founder shares, private placement
warrants and Class A ordinary shares issued upon conversion or exercise thereof. We refer to such transfer restrictions throughout
this Amendment No. 2 to the Annual Report on Form 10-K/A as the lock- up. Notwithstanding the foregoing, if the closing price
of our Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations,
recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after our initial
business combination, the founder shares will be released from the lock-up.

 

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

 

Register of Members

 

Under the Companies Act, we must keep a register of members and there
should be entered therein:

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

Under Cayman Islands law, the register of members
of our company is prima facie evidence of the matters set out therein (i.e. the register of members will raise a presumption of fact on
the matters referred to above unless rebutted) and a member registered in the register of members will be deemed as a matter of Cayman
Islands law to have legal title to the shares as set against its name in the register of members. However, there are certain limited circumstances
where an application may be made to a Cayman Islands court for a determination on whether the register of members reflects the correct
legal position.

 

Further, the Cayman Islands court has the power
to order that the register of members maintained by a company should be rectified where it considers that the register of members does
not reflect the correct legal position. If an application for an order for rectification of the register of members were made in respect
of our ordinary shares, then the validity of such shares may be subject to re-examination by a Cayman Islands court.

 

Preference Shares

 

Our amended and restated memorandum and articles
of association authorizes 1,000,000 preference shares and provides that preference shares may be issued from time to time in one or more
series. Our board of directors is authorized to fix the voting rights, if any, designations, powers, preferences, the relative, participating,
optional or other special rights and any qualifications, limitations and restrictions thereof, applicable to the shares of each series.
Our board of directors is able to, without shareholder approval, issue preference shares with voting and other rights that could adversely
affect the voting power and other rights of the holders of the ordinary shares and could have anti-takeover effects. The ability of our
board of directors to issue preference shares without shareholder approval could have the effect of delaying, deferring or preventing
a change of control of us or the removal of our existing management. We have no preference shares issued and outstanding at the date hereof.
Although we do not currently intend to issue any preference shares, we cannot assure you that we will not do so in the future. No preference
shares have been issued or registered as of the date of this Amendment No. 2 to the Annual Report on Form 10-K/A.

 

     

     

    

 

Warrants

 

Public Shareholders’ Warrants

 

Each whole warrant entitles the registered holder
to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment as discussed below, at any time commencing
on the later of one year from the closing of the Initial Public Offering and 30 days after the completion of our initial business combination,
provided in each case that we have an effective registration statement under the Securities Act covering the Class A ordinary shares
issuable upon exercise of the warrants and a current prospectus relating to them is available (or we permit holders to exercise their
warrants on a cashless basis under the circumstances specified in the warrant agreement) and such shares are registered, qualified or
exempt from registration under the securities, or blue sky, laws of the state of residence of the holder. Pursuant to the warrant agreement,
a warrant holder may exercise its warrants only for a whole number of Class A ordinary shares. This means only a whole warrant may
be exercised at a given time by a warrant holder. No fractional warrants will be issued upon separation of the units and only whole warrants
will trade. Accordingly, unless you purchase at least five units, you will not be able to receive or trade a whole warrant. The warrants
will expire five years after the completion of our initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption
or liquidation.

 

We will not be obligated to deliver any Class A
ordinary shares pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise unless a registration
statement under the Securities Act with respect to the Class A ordinary shares underlying the warrants is then effective and a prospectus
relating thereto is current, subject to our satisfying our obligations described below with respect to registration, or a valid exemption
from registration is available. No warrant will be exercisable and we will not be obligated to issue a Class A ordinary share upon
exercise of a warrant unless the Class A ordinary share issuable upon such warrant exercise has been registered, qualified or deemed
to be exempt under the securities laws of the state of residence of the registered holder of the warrants. In the event that the conditions
in the two immediately preceding sentences are not satisfied with respect to a warrant, the holder of such warrant will not be entitled
to exercise such warrant and such warrant may have no value and expire worthless. In no event will we be required to net cash settle any
warrant. In the event that a registration statement is not effective for the exercised warrants, the purchaser of a unit containing such
warrant will have paid the full purchase price for the unit solely for the Class A ordinary share underlying such unit.

 

We have agreed that as soon as practicable, but
in no event later than 20 business days after the closing of our initial business combination, we will use our commercially reasonable
efforts to file with the SEC a registration statement covering the Class A ordinary shares issuable upon exercise of the warrants,
and we will use our commercially reasonable efforts to cause the same to become effective within 60 business days after the closing of
our initial business combination, and to maintain the effectiveness of such registration statement and a current prospectus relating to
those Class A ordinary shares until the warrants expire or are redeemed, as specified in the warrant agreement; provided that if
our Class A ordinary shares are at the time of any exercise of a warrant not listed on a national securities exchange such that they
satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, we may, at our option,
require holders of public warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of
the Securities Act and, in the event we so appoint, we will not be required to file or maintain in effect a registration statement. If
a registration statement covering the Class A ordinary shares issuable upon exercise of the warrants is not effective by the 60th
day after the closing of the initial business combination, warrant holders may, until such time as there is an effective registration
statement and during any period when we will have failed to maintain an effective registration statement, exercise warrants on a “cashless
basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption, but we will use our best efforts
to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available.

 

In addition, if
(x) we issue additional Class A ordinary shares or equity linked securities for capital raising purposes in connection
with the closing of our initial business combination at an issue price or effective issue price of less than $9.20 per Class A
ordinary share (with such issue price or effective issue price to be determined in good faith by our board of directors and, in the
case of any such issuance to our initial shareholders or their affiliates, without taking into account any founder shares held by
our initial shareholders or such affiliates, as applicable, prior to such issuance including any transfer or reissuance of such
shares (the “Newly Issued Price”)), (y) the aggregate gross proceeds from such issuances represent more than 60% of
the total equity proceeds, and interest thereon, available for the funding of our initial business combination, and (z) the
volume-weighted average trading price of our Class A ordinary shares during the 10 trading day period starting on the trading
day after the day on which we consummate our initial business combination is below $9.20 per share, the exercise price of the
warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price,
and the $10.00 and $18.00 per share redemption trigger prices adjacent to “Redemption of warrants for cash when the price
per Class A ordinary share equals or exceeds $10.00” and “Redemptions of warrants for cash when the price
per Class A ordinary share equals or exceeds $18.00”
will be adjusted (to the nearest cent) to be equal to 100% and 180% of the higher of the Market Value and the Newly Issued Price,
respectively.

 

Redemptions
of warrants for cash when the price per Class A ordinary share equals or exceeds $18.00. Once the warrants become exercisable,
we may call the warrants for redemption (except as described herein with respect to the private placement warrants):

 

		•	in whole and not in part;

 

		•	at a price of $0.01 per warrant;

 

		•	upon not less than 30 days’ prior written notice of redemption to each warrant holder; and

 

		•	if, and only if, the closing price of the Class A ordinary shares equals or exceeds $18.00 per share (as adjusted for share sub-divisions,
share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period ending
on the third trading day prior to the date on which notice of the redemption is given to the warrant holders (the “Reference Value”).

 

     

     

    

 

We will not redeem the warrants as described above
unless a registration statement under the Securities Act covering the issuance of the Class A ordinary shares issuable upon exercise
of the warrants is then effective and a current prospectus relating to those shares is available throughout the 30-day redemption period.
If and when the warrants become redeemable by us, we may exercise our redemption right even if we are unable to register or qualify the
underlying securities for sale under all applicable state securities laws. As a result, we may redeem the warrants as set forth above
even if the holders are otherwise unable to exercise the warrants.

 

We have established the
last of the redemption criterion discussed above to prevent a redemption call unless there is at the time of the call a significant
premium to the warrant exercise price. If the foregoing conditions are satisfied and we issue a notice of redemption of the
warrants, each warrant holder will be entitled to exercise his, her or its warrant prior to the scheduled redemption date. However,
the price of the Class A ordinary shares may fall below the $18.00 redemption trigger price (as adjusted for share
sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) as well as the $11.50 (for whole shares)
warrant exercise price after the redemption notice is issued.

 

Redemption
of warrants for cash when the price per Class A ordinary share equals or exceeds $10.00. Once the warrants become exercisable,
we may redeem the outstanding warrants:

 

		•	in whole and not in part;

 

		•	at $0.10 per warrant upon a minimum of 30 days’ prior written notice of redemption; provided that during such 30 day
period holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares determined
by reference to the table below, based on the redemption date and the “fair market value” of our Class A ordinary shares
(as defined below) except as otherwise described below; provided, further, that if the warrants are not exercised on a cashless
basis or otherwise during such 30 day period, we shall redeem such warrants for $0.10 per share;

 

		•	if, and only if, the Reference Value (as defined above under “Redemption of Warrants When the Price per Class A Ordinary
Share Equals or Exceeds $18.00”) equals or exceeds $10.00 per share (as adjusted for share subdivisions, share dividends, reorganizations,
recapitalizations and the like) on the trading day before we send the notice of redemption to the warrant holders; and

 

		•	if the Reference Value is less than $18.00 per share (as adjusted for share subdivisions, share dividends, reorganizations, recapitalizations
and the like), the private placement warrants must also be concurrently called for redemption on the same terms as the outstanding public
warrants, as described above.

 

The numbers in the table below represent the number
of Class A ordinary shares that a warrant holder will receive upon exercise in connection with a redemption by us pursuant to this
redemption feature, based on the “fair market value” of our Class A ordinary shares on the corresponding redemption date
(assuming holders elect to exercise their warrants and such warrants are not redeemed for $0.10 per warrant), determined based on volume-weighted
average price of our Class A ordinary shares as reported during the 10 trading days immediately following the date on which the notice
of redemption is sent to the holders of warrants, and the number of months that the corresponding redemption date precedes the expiration
date of the warrants, each as set forth in the table below. We will provide our warrant holders with the final fair market value no later
than one business day after the 10-trading day period described above ends.

 

Pursuant to the warrant agreement, references
above to Class A ordinary shares shall include a security other than Class A ordinary shares into which the Class A ordinary
shares have been converted or exchanged for in the event we are not the surviving company in our initial business combination. The numbers
in the table below will not be adjusted when determining the number of Class A ordinary shares to be issued upon exercise of the
warrants if we are not the surviving entity following our initial business combination.

 

The share prices set forth in the column headings
of the table below will be adjusted as of any date on which the number of shares issuable upon exercise of a warrant or the exercise price
of the warrant is adjusted as set forth under the heading “Anti-dilution Adjustments” below. If the number of shares issuable
upon exercise of a warrant is adjusted, the adjusted share prices in the column headings will equal the share prices immediately prior
to such adjustment, multiplied by a fraction, the numerator of which is the exercise price of the warrant after such adjustment and the
denominator of which is the price of the warrant immediately prior to such adjustment. In such an event, the number of shares in the table
below shall be adjusted by multiplying such share amounts by a fraction, the numerator of which is the number of shares deliverable upon
exercise of a warrant immediately prior to such adjustment and the denominator of which is the number of shares deliverable upon exercise
of a warrant as so adjusted. If the exercise price of the warrant is adjusted as a result of raising capital in connection with the initial
business combination, the adjusted share prices in the column headings will by multiplied by a fraction, the numerator of which is the
higher of the Market Value and the Newly Issued Price as set forth under the heading “Anti-dilution Adjustments” and the denominator
of which is $10.00.

 

	Fair
    Market Value of Class A Ordinary Shares 

Redemption Date (period to expiration of warrants)	 	<$10.00	 	 	$11.00	 	 	$12.00	 	 	$13.00	 	 	$14.00	 	 	$15.00	 	 	$16.00	 	 	$17.00	 	 	>$18.00	 
	57 months	 	0.257	 	 	0.277	 	 	0.294	 	 	0.310	 	 	0.324	 	 	0.337	 	 	0.348	 	 	0.358	 	 	0.361	 
	54 months	 	0.252	 	 	0.272	 	 	0.291	 	 	0.307	 	 	0.322	 	 	0.335	 	 	0.347	 	 	0.357	 	 	0.361	 
	51 months	 	0.246	 	 	0.268	 	 	0.287	 	 	0.304	 	 	0.320	 	 	0.333	 	 	0.346	 	 	0.357	 	 	0.361	 
	48 months	 	0.241	 	 	0.263	 	 	0.283	 	 	0.301	 	 	0.317	 	 	0.332	 	 	0.344	 	 	0.356	 	 	0.361	 
	45 months	 	0.235	 	 	0.258	 	 	0.279	 	 	0.298	 	 	0.315	 	 	0.330	 	 	0.343	 	 	0.356	 	 	0.361	 
	42 months	 	0.228	 	 	0.252	 	 	0.274	 	 	0.294	 	 	0.312	 	 	0.328	 	 	0.342	 	 	0.355	 	 	0.361	 
	39 months	 	0.221	 	 	0.246	 	 	0.269	 	 	0.290	 	 	0.309	 	 	0.325	 	 	0.340	 	 	0.354	 	 	0.361	 
	36 months	 	0.213	 	 	0.239	 	 	0.263	 	 	0.285	 	 	0.305	 	 	0.323	 	 	0.339	 	 	0.353	 	 	0.361	 
	33 months	 	0.205	 	 	0.232	 	 	0.257	 	 	0.280	 	 	0.301	 	 	0.320	 	 	0.337	 	 	0.352	 	 	0.361	 
	30 months	 	0.196	 	 	0.224	 	 	0.250	 	 	0.274	 	 	0.297	 	 	0.316	 	 	0.335	 	 	0.351	 	 	0.361	 
	27 months	 	0.185	 	 	0.214	 	 	0.242	 	 	0.268	 	 	0.291	 	 	0.313	 	 	0.332	 	 	0.350	 	 	0.361	 
	24 months	 	0.173	 	 	0.204	 	 	0.233	 	 	0.260	 	 	0.285	 	 	0.308	 	 	0.329	 	 	0.348	 	 	0.361	 
	21 months	 	0.161	 	 	0.193	 	 	0.223	 	 	0.252	 	 	0.279	 	 	0.304	 	 	0.326	 	 	0.347	 	 	0.361	 
	18 months	 	0.146	 	 	0.179	 	 	0.211	 	 	0.242	 	 	0.271	 	 	0.298	 	 	0.322	 	 	0.345	 	 	0.361	 
	15 months	 	0.130	 	 	0.164	 	 	0.197	 	 	0.230	 	 	0.262	 	 	0.291	 	 	0.317	 	 	0.342	 	 	0.361	 
	12 months	 	0.111	 	 	0.146	 	 	0.181	 	 	0.216	 	 	0.250	 	 	0.282	 	 	0.312	 	 	0.339	 	 	0.361	 
	9 months	 	0.090	 	 	0.125	 	 	0.162	 	 	0.199	 	 	0.237	 	 	0.272	 	 	0.305	 	 	0.336	 	 	0.361	 
	6 months	 	0.065	 	 	0.099	 	 	0.137	 	 	0.178	 	 	0.219	 	 	0.259	 	 	0.296	 	 	0.331	 	 	0.361	 
	3 months	 	0.034	 	 	0.065	 	 	0.104	 	 	0.150	 	 	0.197	 	 	0.243	 	 	0.286	 	 	0.326	 	 	0.361	 
	0 months	 	—	 	 	—	 	 	0.042	 	 	0.115	 	 	0.179	 	 	0.233	 	 	0.281	 	 	0.323	 	 	0.361	 

 

     

     

    

 

The
exact fair market value and redemption date may not be set forth in the table above, in which case, if the fair market value is
between two values in the table or the redemption date is between two redemption dates in the table, the number of Class A
ordinary shares to be issued for each warrant exercised will be determined by a straight-line interpolation between the number of
shares set forth for the higher and lower fair market values and the earlier and later redemption dates, as applicable, based on a
365 or 366-day year, as applicable. For example, if the volume-weighted average price of our Class A ordinary shares as
reported during the 10 trading days immediately following the date on which the notice of redemption is sent to the holders of the
warrants is $11.00 per share, and at such time there are 57 months until the expiration of the warrants, holders may choose to, in
connection with this redemption feature, exercise their warrants for 0.277 Class A ordinary shares for each whole warrant. For
an example where the exact fair market value and redemption date are not as set forth in the table above, if the volume-weighted
average price of our Class A ordinary shares as reported during the 10 trading days immediately following the date on which the
notice of redemption is sent to the holders of the warrants is $13.50 per share, and at such time there are 38 months until the
expiration of the warrants, holders may choose to, in connection with this redemption feature, exercise their warrants for 0.298
Class A ordinary shares for each whole warrant. In no event will the warrants be exercisable in connection with this redemption
feature for more than 0.361 Class A ordinary shares per warrant (subject to adjustment).

 

This redemption feature is structured
to allow for all of the outstanding warrants to be redeemed when the Class A ordinary shares are trading at or above $10.00 per share,
which may be at a time when the trading price of our Class A ordinary shares is below the exercise price of the warrants. We have
established this redemption feature to provide us with the flexibility to redeem the warrants without the warrants having to reach the
$18.00 per share threshold set forth above under “Redemptions of warrants for cash when the price per Class A ordinary share
equals or exceeds $18.00”. Holders choosing to exercise their warrants in connection with a redemption pursuant to this feature
will, in effect, receive a number of shares for their warrants based on an option pricing model with a fixed volatility input as of the
date of the prospectus relating to our Initial Public Offering. This redemption right provides us with an additional mechanism by which
to redeem all of the outstanding warrants, and therefore have certainty as to our capital structure as the warrants would no longer be
outstanding and would have been exercised or redeemed. We will be required to pay the applicable redemption price to warrant holders if
we choose to exercise this redemption right and it will allow us to quickly proceed with a redemption of the warrants if we determine
it is in our best interest to do so. As such, we would redeem the warrants in this manner when we believe it is in our best interest to
update our capital structure to remove the warrants and pay the redemption price to the warrant holders.

 

As stated above, we can redeem the
warrants when the Class A ordinary shares are trading at a price starting at $10.00, which is below the exercise price of $11.50,
because it will provide certainty with respect to our capital structure and cash position while providing warrant holders with the opportunity
to exercise their warrants on a cashless basis for the applicable number of shares. If we choose to redeem the warrants when the Class A
ordinary shares are trading at a price below the exercise price of the warrants, this could result in the warrant holders receiving fewer
Class A ordinary shares than they would have received if they had chosen to wait to exercise their warrants for Class A ordinary
shares if and when such Class A ordinary shares were trading at a price higher than the exercise price of $11.50.

 

No fractional Class A ordinary
shares will be issued upon exercise. If, upon exercise, a holder would be entitled to receive a fractional interest in a share, we will
round down to the nearest whole number of the number of Class A ordinary shares to be issued to the holder. If, at the time of redemption,
the warrants are exercisable for a security other than the Class A ordinary shares pursuant to the warrant agreement (for instance,
if we are not the surviving company in our initial business combination), the warrants may be exercised for such security. At such time
as the warrants become exercisable for a security other than the Class A ordinary shares, the Company (or surviving company) will
use its commercially reasonable efforts to register under the Securities Act the security issuable upon the exercise of the warrants.

 

A holder of a warrant may notify us
in writing in the event it elects to be subject to a requirement that such holder will not have the right to exercise such warrant, to
the extent that after giving effect to such exercise, such person (together with such person’s affiliates), to the warrant agent’s
actual knowledge, would beneficially own in excess of 4.9% or 9.8% (as specified by the holder) of the Class A ordinary shares issued
and outstanding immediately after giving effect to such exercise.

 

Anti-dilution
Adjustments. If the number of outstanding Class A ordinary shares is increased by a capitalization or share dividend payable
in Class A ordinary shares, or by a sub-divisions of ordinary shares or other similar event, then, on the effective date of such
capitalization or share dividend, sub- divisions or similar event, the number of Class A ordinary shares issuable on exercise of
each warrant will be increased in proportion to such increase in the outstanding ordinary shares. A rights offering made to all or substantially
all holders of ordinary shares entitling holders to purchase Class A ordinary shares at a price less than the “historical fair
market value” (as defined below) will be deemed a share dividend of a number of Class A ordinary shares equal to the product
of (i) the number of Class A ordinary shares actually sold in such rights offering (or issuable under any other equity securities
sold in such rights offering that are convertible into or exercisable for Class A ordinary shares) and (ii) one minus the quotient
of (x) the price per Class A ordinary share paid in such rights offering and (y) the historical fair market value. For
these purposes, (i) if the rights offering is for securities convertible into or exercisable for Class A ordinary shares, in
determining the price payable for Class A ordinary shares, there will be taken into account any consideration received for such rights,
as well as any additional amount payable upon exercise or conversion and (ii) “historical fair market value” means the
volume-weighted average price of Class A ordinary shares as reported during the 10 trading day period ending on the trading day prior
to the first date on which the Class A ordinary shares trade on the applicable exchange or in the applicable market, regular way,
without the right to receive such rights.

 

In addition, if we, at any time
while the warrants are outstanding and unexpired, pay a dividend or make a distribution in cash, securities or other assets to all
or substantially all the holders of Class A ordinary shares on account of such Class A ordinary shares (or other
securities into which the warrants are convertible), other than (a) as described above, (b) any cash dividends or cash
distributions which, when combined on a per share basis with all other cash dividends and cash distributions paid on the
Class A ordinary shares during the 365-day period ending on the date of declaration of such dividend or distribution does not
exceed $0.50 (as adjusted to appropriately reflect any other adjustments and excluding cash dividends or cash distributions that
resulted in an adjustment to the exercise price or to the number of Class A ordinary shares issuable on exercise of each
warrant) but only with respect to the amount of the aggregate cash dividends or cash distributions equal to or less than $0.50 per
share, (b) to satisfy the redemption rights of the holders of Class A ordinary shares in connection with a proposed
initial business combination, (d) to satisfy the redemption rights of the holders of Class A ordinary shares in connection
with a shareholder vote to amend our amended and restated memorandum and articles of association (A) to modify the substance or
timing of our obligation to provide holders of our Class A ordinary shares the right to have their shares redeemed in
connection with our initial business combination or to redeem 100% of our public shares if we do not complete our initial business
combination within 24 months from the Initial Public Offering, or 27 months from the Initial Public Offering if we have executed a
letter of intent, agreement in principle or definitive agreement for an initial business combination within 24 months from the
Initial Public Offering, or (B) with respect to any other provision relating to the rights of holders of our Class A
ordinary shares or pre-initial business combination activity, or (e) in connection with the redemption of our public shares
upon our failure to complete our initial business combination, then the warrant exercise price will be decreased, effective
immediately after the effective date of such event, by the amount of cash and/or the fair market value of any securities or other
assets paid on each Class A ordinary share in respect of such event.

 

     

     

    

 

If the number of outstanding Class A
ordinary shares is decreased by a consolidation, combination, reverse share sub-division or reclassification of Class A ordinary
shares or other similar event, then, on the effective date of such consolidation, combination, reverse share sub-division, reclassification
or similar event, the number of Class A ordinary shares issuable on exercise of each warrant will be decreased in proportion to such
decrease in outstanding Class A ordinary shares.

 

Whenever the number of Class A
ordinary shares purchasable upon the exercise of the warrants is adjusted, as described above, the warrant exercise price will be adjusted
by multiplying the warrant exercise price immediately prior to such adjustment by a fraction (x) the numerator of which will be the
number of Class A ordinary shares purchasable upon the exercise of the warrants immediately prior to such adjustment and (y) the
denominator of which will be the number of Class A ordinary shares so purchasable immediately thereafter.

 

In case of any reclassification or
reorganization of the outstanding Class A ordinary shares (other than those described above or that solely affects the par value
of such Class A ordinary shares), or in the case of any merger or consolidation of us with or into another corporation (other than
a consolidation or merger in which we are the continuing corporation and that does not result in any reclassification or reorganization
of our issued and outstanding Class A ordinary shares), or in the case of any sale or conveyance to another corporation or entity
of the assets or other property of us as an entirety or substantially as an entirety in connection with which we are dissolved, the holders
of the warrants will thereafter have the right to purchase and receive, upon the basis and upon the terms and conditions specified in
the warrants and in lieu of the Class A ordinary shares immediately theretofore purchasable and receivable upon the exercise of the
rights represented thereby, the kind and amount of Class A ordinary shares or other securities or property (including cash) receivable
upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or transfer, that the
holder of the warrants would have received if such holder had exercised their warrants immediately prior to such event. If less than 70%
of the consideration receivable by the holders of Class A ordinary shares in such a transaction is payable in the form of Class A
ordinary shares in the successor entity that is listed for trading on a national securities exchange or is quoted in an established over-the-counter
market, or is to be so listed for trading or quoted immediately following such event, and if the registered holder of the warrant properly
exercises the warrant within thirty days following public disclosure of such transaction, the warrant exercise price will be reduced as
specified in the warrant agreement based on the Black-Scholes value (as defined in the warrant agreement) of the warrant. The purpose
of such exercise price reduction is to provide additional value to holders of the warrants when an extraordinary transaction occurs during
the exercise period of the warrants pursuant to which the holders of the warrants otherwise do not receive the full potential value of
the warrants.

 

The warrants were issued in registered
form under a warrant agreement between Continental Stock Transfer & Trust Company, as warrant agent, and us. The warrant agreement
provides that the terms of the warrants may be amended without the consent of any holder to cure any ambiguity or correct any defective
provision or correct any mistake, including to conform the provisions of the warrant agreement to the description of the terms of the
warrants and the warrant agreement set forth in this Amendment No. 2 to the Annual Report on Form 10-K/A, but requires the approval
by the holders of at least 50% of the then outstanding public warrants to make any change that adversely affects the interests of the
registered holders. You should review a copy of the warrant agreement, which on file with the SEC, for a complete description of the terms
and conditions applicable to the warrants.

 

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

 

No fractional shares will be issued
upon exercise of the warrants. If, upon exercise of the warrants, a holder would be entitled to receive a fractional interest in a share,
we will, upon exercise, round down to the nearest whole number the number of Class A ordinary shares to be issued to the warrant
holder.

 

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

 

Private placement warrants

 

Except as described below, the private
placement warrants have terms and provisions that are identical to those of the warrants sold to the public. The private placement warrants
(including the Class A ordinary shares issuable upon exercise of the private placement warrants) will not be transferable, assignable
or salable until 30 days after the completion of our initial business combination (except pursuant to limited exceptions as described
under “Transfers of Founder Shares and Private Placement Warrants,” to our officers and directors and other persons or entities
affiliated with the initial purchasers of the private placement warrants) and they will not be redeemable by us (except as described above
under “Redemption of warrants for cash when the price per Class A ordinary share equals or exceeds $10.00”) so
long as they are held by our sponsor or its permitted transferees. Our sponsor, or its permitted transferees, has the option to exercise
the private placement warrants on a cashless basis. If the private placement warrants are held by holders other than our sponsor or its
permitted transferees, the private placement warrants will be redeemable by us in all redemption scenarios and exercisable by the holders
on the same basis as the warrants included in the units sold to the public. Any amendment to the terms of the private placement warrants
or any provision of the warrant agreement with respect to the private placement warrants will require a vote of holders of at least 50%
of the number of the then outstanding private placement warrants.

 

If holders of the private
placement warrants elect to exercise them on a cashless basis, they would pay the exercise price by surrendering his, her or its
warrants for that number of Class A ordinary shares equal to the quotient obtained by dividing (x) the product of the
number of Class A ordinary shares underlying the warrants, multiplied by the excess of the “historical fair market
value” (defined below) over the exercise price of the warrants by (y) the historical fair market value. The
 “historical fair market value” will mean the average reported closing price of the Class A ordinary shares for the
10 trading days ending on the third trading day prior to the date on which the notice of warrant exercise is sent to the holders of
warrants. The reason that we have agreed that these warrants will be exercisable on a cashless basis so long as they are held by our
sponsor and permitted transferees is because it is not known at this time whether they will be affiliated with us following a
business combination. If they remain affiliated with us, their ability to sell our securities in the open market will be
significantly limited. We expect to have policies in place that restrict insiders from selling our securities except during specific
periods of time. Even during such periods of time when insiders will be permitted to sell our securities, an insider cannot trade in
our securities if he or she is in possession of material non-public information. Accordingly, unlike public shareholders who could
exercise their warrants and sell the Class A ordinary shares received upon such exercise freely in the open market in order to
recoup the cost of such exercise, the insiders could be significantly restricted from selling such securities. As a result, we
believe that allowing the holders to exercise such warrants on a cashless basis is appropriate.

 

     

     

    

 

 

In order to fund working capital deficiencies
or finance transaction costs in connection with an intended initial business combination, our sponsor or an affiliate of our sponsor or
certain of our officers and directors may, but are not obligated to, loan us funds as may be required. Up to $1,500,000 of such loans
may be convertible into warrants of the post-business combination company at a price of $1.50 per warrant at the option of the lender.
Such warrants would be identical to the private placement warrants.

 

Dividends

 

We have not paid any cash dividends
on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of a business combination. The payment
of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition
subsequent to completion of a business combination. The payment of any cash dividends subsequent to a business combination will be within
the discretion of our board of directors at such time, and we will only pay such dividend out of our profits or share premium (subject
to solvency requirements) as permitted under Cayman Islands law. Further, if we incur any indebtedness in connection with a business combination,
our ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith.

 

Our Transfer Agent and Warrant Agent

 

The transfer agent for our ordinary
shares and warrant agent for our warrants is Continental Stock Transfer & Trust Company. We have agreed to indemnify Continental
Stock Transfer & Trust Company in its roles as transfer agent and warrant agent, its agents and each of its shareholders, directors,
officers and employees against all claims and losses that may arise out of acts performed or omitted for its activities in that capacity,
except for any claims and losses due to any gross negligence or intentional misconduct of the indemnified person or entity.

 

Certain Differences in Corporate Law

 

Cayman Islands companies are governed
by the Companies Act. The Companies Act is modeled on English Law but does not follow recent English Law statutory enactments, and differs
from laws applicable to United States corporations and their shareholders. Set forth below is a summary of the material differences between
the provisions of the Companies Act applicable to us and the laws applicable to companies incorporated in the United States and their
shareholders.

 

Mergers
and Similar Arrangements. In certain circumstances, the Companies Act allows for mergers or consolidations between two Cayman
Islands companies, or between a Cayman Islands exempted company and a company incorporated in another jurisdiction (provided that is facilitated
by the laws of that other jurisdiction) so as to form a single surviving company.

 

Where the merger or consolidation is
between two Cayman Islands companies, the directors of each company must approve and enter into a written plan of merger or consolidation
containing certain prescribed information. That plan or merger or consolidation must then be authorized by either (a) a special resolution
(usually a majority of two-thirds in value of the voting shares voted at a general meeting) of the shareholders of each company; or (b) such
other authorization, if any, as may be specified in such constituent company’s articles of association. No shareholder resolution
is required for a merger between a parent company (i.e., a company that owns at least 90% of the issued shares of each class in a subsidiary
company) and its subsidiary company. The consent of each holder of a fixed or floating security interest of a constituent company must
be obtained, unless the court waives such requirement. If the Cayman Islands Registrar of Companies is satisfied that the requirements
of the Companies Act (which includes certain other formalities) have been complied with, the Registrar of Companies will register the
plan of merger or consolidation.

 

Where the merger or consolidation involves
a foreign company, the procedure is similar, save that with respect to the foreign company, the directors of the Cayman Islands exempted
company are required to make a declaration to the effect that, having made due enquiry, they are of the opinion that the requirements
set out below have been met: (i) that the merger or consolidation is permitted or not prohibited by the constitutional documents
of the foreign company and by the laws of the jurisdiction in which the foreign company is incorporated, and that those laws and any requirements
of those constitutional documents have been or will be complied with; (ii) that no petition or other similar proceeding has been
filed and remains outstanding or order made or resolution adopted to wind up or liquidate the foreign company in any jurisdictions; (iii) that
no receiver, trustee, administrator or other similar person has been appointed in any jurisdiction and is acting in respect of the foreign
company, its affairs or its property or any part thereof; and (iv) that no scheme, order, compromise or other similar arrangement
has been entered into or made in any jurisdiction whereby the rights of creditors of the foreign company are and continue to be suspended
or restricted.

 

Where the surviving company is the
Cayman Islands exempted company, the directors of the Cayman Islands exempted company are further required to make a declaration to the
effect that, having made due enquiry, they are of the opinion that the requirements set out below have been met: (i) that the foreign
company is able to pay its debts as they fall due and that the merger or consolidated is bona fide and not intended to defraud unsecured
creditors of the foreign company; (ii) that in respect of the transfer of any security interest granted by the foreign company to
the surviving or consolidated company (a) consent or approval to the transfer has been obtained, released or waived; (b) the
transfer is permitted by and has been approved in accordance with the constitutional documents of the foreign company; and (c) the
laws of the jurisdiction of the foreign company with respect to the transfer have been or will be complied with; (iii) that the foreign
company will, upon the merger or consolidation becoming effective, cease to be incorporated, registered or exist under the laws of the
relevant foreign jurisdiction; and (iv) that there is no other reason why it would be against the public interest to permit the merger
or consolidation.

 

     

     

    

 

Where the above procedures are adopted,
the Companies Act provides certain limited appraisal rights for dissenting shareholders to be paid a payment of the fair value of his
shares upon their dissenting to the merger or consolidation if they follow a prescribed procedure. In essence, that procedure is as follows:
(a) the shareholder must give his written objection to the merger or consolidation to the constituent company before the vote on
the merger or consolidation, including a statement that the shareholder proposes to demand payment for his shares if the merger or consolidation
is authorized by the vote; (b) within 20 days following the date on which the merger or consolidation is approved by the shareholders,
the constituent company must give written notice to each shareholder who made a written objection; (c) a shareholder must within
20 days following receipt of such notice from the constituent company, give the constituent company a written notice of his intention
to dissent including, among other details, a demand for payment of the fair value of his shares; (d) within seven days following
the date of the expiration of the period set out in paragraph (b) above or seven days following the date on which the plan of merger
or consolidation is filed, whichever is later, the constituent company, the surviving company or the consolidated company must make a
written offer to each dissenting shareholder to purchase his shares at a price that the company determines is the fair value and if the
company and the shareholder agree the price within 30 days following the date on which the offer was made, the company must pay the shareholder
such amount; and (e) if the company and the shareholder fail to agree a price within such 30 day period, within 20 days following
the date on which such 30 day period expires, the company (and any dissenting shareholder) must file a petition with the Cayman Islands
Grand Court to determine the fair value and such petition must be accompanied by a list of the names and addresses of the dissenting shareholders
with whom agreements as to the fair value of their shares have not been reached by the company. At the hearing of that petition, the court
has the power to determine the fair value of the shares together with a fair rate of interest, if any, to be paid by the company upon
the amount determined to be the fair value. Any dissenting shareholder whose name appears on the list filed by the company may participate
fully in all proceedings until the determination of fair value is reached. These rights of a dissenting shareholder are not available
in certain circumstances, for example, to dissenters holding shares of any class in respect of which an open market exists on a recognized
stock exchange or recognized interdealer quotation system at the relevant date or where the consideration for such shares to be contributed
are shares of any company listed on a national securities exchange or shares of the surviving or consolidated company.

 

Moreover, Cayman Islands law has separate
statutory provisions that facilitate the reconstruction or amalgamation of companies in certain circumstances, schemes of arrangement
will generally be more suited for complex mergers or other transactions involving widely held companies, commonly referred to in the Cayman
Islands as a “scheme of arrangement” which may be tantamount to a merger.

 

In the event that a merger was sought
pursuant to a scheme of arrangement (the procedures for which are more rigorous and take longer to complete than the procedures typically
required to consummate a merger in the United States), the arrangement in question must be approved by a majority in number of each class
of shareholders and creditors with whom the arrangement is to be made and who must in addition represent three-fourth in value of each
such class of shareholders or creditors, as the case may be, that are present and voting either in person or by proxy at a meeting, or
meeting summoned for that purpose. The convening of the meetings and subsequently the terms of the arrangement must be sanctioned by the
Grand Court of the Cayman Islands. While a dissenting shareholder would have the right to express to the court the view that the transaction
should not be approved, the court can be expected to approve the arrangement if it satisfies itself that:

 

		•	we are not proposing to act illegally or beyond the scope of our corporate authority and the statutory provisions as to majority vote
have been complied with;

 

		•	the shareholders have been fairly represented at the meeting in question;

 

		•	the arrangement is such as a businessman would reasonably approve; and

 

		•	the arrangement is not one that would more properly be sanctioned under some other provision of the Companies Act or that would amount
to a “fraud on the minority.”

 

If a scheme of arrangement or takeover
offer (as described below) is approved, any dissenting shareholder would have no rights comparable to appraisal rights (providing rights
to receive payment in cash for the judicially determined value of the shares), which would otherwise ordinarily be available to dissenting
shareholders of United States corporations.

 

Squeeze-out
Provisions. When a tender offer is made and accepted by holders of 90% of the shares to whom the offer relates within four
months, the offeror may, within a two-month period, require the holders of the remaining shares to transfer such shares on the terms of
the offer. An objection can be made to the Grand Court of the Cayman Islands, but this is unlikely to succeed unless there is evidence
of fraud, bad faith, collusion or inequitable treatment of the shareholders.

 

Further, transactions similar to a
merger, reconstruction and/or an amalgamation may in some circumstances be achieved through means other than these statutory provisions,
such as a share capital exchange, asset acquisition or control, or through contractual arrangements of an operating business.

 

Shareholders’
Suits. Campbells, our Cayman Islands legal counsel, is not aware of any reported class action having been brought in a Cayman
Islands court. Derivative actions have been brought in the Cayman Islands courts, and the Cayman Islands courts have confirmed the availability
for such actions. In most cases, we will be the proper plaintiff in any claim based on a breach of duty owed to us, and a claim against
(for example) our officers or directors usually may not be brought by a shareholder. However, based both on Cayman Islands authorities
and on English authorities, which would in all likelihood be of persuasive authority and be applied by a court in the Cayman Islands,
exceptions to the foregoing principle apply in circumstances in which:

 

		•	a company is acting, or proposing to act, illegally or ultra vires (beyond the scope of its authority);

 

		•	the act complained of, although not beyond the scope of the authority, could be effected if duly authorized by more than the number
of votes which have actually been obtained; or

 

		•	those who control the company are perpetrating a “fraud on the minority.”

 

A shareholder may have a direct right
of action against us where the individual rights of that shareholder have been infringed or are about to be infringed.

 

Enforcement
of Civil Liabilities. The Cayman Islands has a different body of securities laws as compared to the United States and provides
less protection to investors. Additionally, Cayman Islands companies may not have standing to sue before the Federal courts of the United
States.

 

 

     

     

    

 

We have been advised by Campbells,
our Cayman Islands legal counsel, that the courts of the Cayman Islands are unlikely (i) to recognize or enforce against us judgments
of courts of the United States predicated upon the civil liability provisions of the federal securities laws of the United States or any
state; and (ii) in original actions brought in the Cayman Islands, to impose liabilities against us predicated upon the civil liability
provisions of the federal securities laws of the United States or any state, so far as the liabilities imposed by those provisions are
penal in nature. In those circumstances, although there is no statutory enforcement in the Cayman Islands of judgments obtained in the
United States, the courts of the Cayman Islands will recognize and enforce a foreign money judgment of a foreign court of competent jurisdiction
without retrial on the merits based on the principle that a judgment of a competent foreign court imposes upon the judgment debtor an
obligation to pay the sum for which judgment has been given provided certain conditions are met. For a foreign judgment to be enforced
in the Cayman Islands, such judgment must be final and conclusive and for a liquidated sum, and must not be in respect of taxes or a fine
or penalty, inconsistent with a Cayman Islands judgment in respect of the same matter, impeachable on the grounds of fraud or obtained
in a manner, and or be of a kind the enforcement of which is, contrary to natural justice or the public policy of the Cayman Islands (awards
of punitive or multiple damages may well be held to be contrary to public policy). A Cayman Islands Court may stay enforcement proceedings
if concurrent proceedings are being brought elsewhere.

 

Special
Considerations for Exempted Companies. We are an exempted company with limited liability (meaning our public shareholders have
no liability, as members of the company, for liabilities of the company over and above the amount paid for their shares) under the Companies
Act. The Companies Act distinguishes between ordinary resident companies and exempted companies. Any company that is registered in the
Cayman Islands but conducts business mainly outside of the Cayman Islands may apply to be registered as an exempted company. The requirements
for an exempted company are essentially the same as for an ordinary company except for the exemptions and privileges listed below:

 

		•	annual reporting requirements are minimal and consist mainly of a statement that the company has conducted its operations mainly outside
of the Cayman Islands and has complied with the provisions of the Companies Act;

 

		•	an exempted company’s register of members is not open to inspection;

 

		•	an exempted company does not have to hold an annual general meeting;

 

		•	an exempted company may issue negotiable shares or shares with no par value;

 

		•	an exempted company may obtain an undertaking against the imposition of any future taxation (such undertakings are usually given for
20 years in the first instance);

 

		•	an exempted company may register by way of continuation in another jurisdiction and be deregistered in the Cayman Islands;

 

		•	an exempted company may register as a limited duration company; and an exempted company may register as a segregated portfolio company.

 

Amended and Restated Memorandum and Articles of Association

 

Our amended and restated memorandum
and articles of association contains provisions designed to provide certain rights and protections relating to the Initial Public Offering
that will apply to us until the completion of our initial business combination. These provisions cannot be amended without a special resolution.
As a matter of Cayman Islands law, a resolution is deemed to be a special resolution where it has been approved by either (i) the
affirmative vote of at least two-thirds (or any higher threshold specified in a company’s articles of association) of a company’s
shareholders entitled to vote and so voting at a general meeting for which notice specifying the intention to propose the resolution as
a special resolution has been given; or (ii) if so authorized by a company’s articles of association, by a unanimous written
resolution of all of the company’s shareholders. Our amended and restated memorandum and articles of association provides that special
resolutions must be approved either by at least two-thirds of our shareholders who attend and vote at a general meeting of the company
(i.e., the lowest threshold permissible under Cayman Islands law), or by a unanimous written resolution of all of our shareholders.

 

Further, our amended and restated memorandum
and articles of association provides that a quorum at our general meetings will consist of one-third of the ordinary shares entitled to
vote at such meeting and present in person or by proxy; provided that a quorum in connection with any meeting that is convened to vote
on a business combination or any amendment to our amended and restated memorandum and articles of association (A) that would modify
the substance or timing of our obligation to provide holders of our Class A ordinary shares the right to have their shares redeemed
in connection with our initial business combination or to redeem 100% of our public shares if we do not complete our initial business
combination within 24 months from the Initial Public Offering, or 27 months from the Initial Public Offering if we have executed a letter
of intent, agreement in principle or definitive agreement for an initial business combination within 24 months from the Initial Public
Offering, or (B) with respect to any other provision relating to the rights of holders of our Class A ordinary shares or pre-initial
business combination activity shall be a majority of the ordinary shares entitled to vote at such meeting being individuals present in
person or by proxy or if a corporation or other non-natural person by its duly authorized representative or proxy.

 

Our initial shareholders and their
permitted transferees, if any, who collectively beneficially own approximately 20% of our ordinary shares upon the closing of the Initial
Public Offering, will participate in any vote to amend our amended and restated memorandum and articles of association and will have the
discretion to vote in any manner they choose. Specifically, our amended and restated memorandum and articles of association provides,
among other things, that:

 

		•	if we do not consummate an initial business combination within 24 months from the Initial Public Offering, or 27 months from the Initial
Public Offering if we have executed a letter of intent, agreement in principle or definitive agreement for an initial business combination
within 24 months from the Initial Public Offering, we will (i) cease all operations except for the purpose of winding up; (ii) as
promptly as reasonably possible but no more than ten business days thereafter, redeem the public shares, at a per-share price, payable
in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust
account and not previously released to us to pay our income taxes, if any (less up to $100,000 of interest to pay dissolution expenses),
divided by the number of the then- outstanding public shares, which redemption will completely extinguish public shareholders’
rights as shareholders (including the right to receive further liquidation distributions, if any); and (iii) as promptly as reasonably
possible following such redemption, subject to the approval of our remaining shareholders and our board of directors, liquidate and dissolve,
subject in the case of clauses (ii) and (iii) to our obligations under Cayman Islands law to provide for claims of creditors
and the requirements of other applicable law;

 

     

     

    

 

		•	prior to the completion of our initial business combination, we may not issue additional securities that would entitle the holders
thereof to (i) receive funds from the trust account or (ii) vote as a class with our public shares (a) on our initial business
combination or on any other proposal presented to shareholders prior to or in connection with the completion of an initial business combination
or (b) to approve an amendment to our amended and restated memorandum and articles of association to (x) extend the time we
have to consummate a business combination beyond 24 months from the Initial Public Offering, or 27 months from the Initial Public Offering
if we have executed a letter of intent, agreement in principle or definitive agreement for an initial business combination within 24 months
from the Initial Public Offering, or (y) amend the foregoing provisions;

 

		•	although we do not intend to enter into a business combination with a partner business that is affiliated with our sponsor, our directors
or our executive officers, we are not prohibited from doing so. In the event we enter into such a transaction, we, or a committee of independent
directors, will obtain an opinion from an independent investment banking firm which is a member of FINRA or an independent valuation or
accounting firm that such a business combination or transaction is fair to our company from a financial point of view;

 

		•	if a shareholder vote on our initial business combination is not required by applicable law or stock exchange rule and we do
not decide to hold a shareholder vote for business or other reasons, we will offer to redeem our public shares pursuant to Rule 13e-4
and Regulation 14E of the Exchange Act, and will file tender offer documents with the SEC prior to completing our initial business combination
which contain substantially the same financial and other information about our initial business combination and the redemption rights
as is required under Regulation 14A of the Exchange Act;

 

		•	our initial business combination must occur with one or more partner businesses that together have an aggregate fair market value
of at least 80% of the net assets held in the trust account (excluding the amount of deferred underwriting discounts held in trust and
taxes payable on the interest earned on the trust account) at the time of signing the agreement to enter into the initial business combination;

 

		•	if our shareholders approve an amendment to our amended and restated memorandum and articles of association (A) that would modify
the substance or timing of our obligation to provide holders of our Class A ordinary shares the right to have their shares redeemed
in connection with our initial business combination or to redeem 100% of our public shares if we do not complete our initial business
combination within 24 months from the Initial Public Offering, or 27 months from the Initial Public Offering if we have executed a letter
of intent, agreement in principle or definitive agreement for an initial business combination within 24 months from the Initial Public
Offering, or (B) with respect to any other provision relating to the rights of holders of our Class A ordinary shares or pre-initial
business combination activity, we will provide our public shareholders with the opportunity to redeem all or a portion of their ordinary
shares upon such approval at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including
interest earned on the funds held in the trust account and not previously released to us to pay our income taxes, if any, divided by the
number of the then-outstanding public shares, subject to the limitations described herein; and

 

		•	we will not effectuate our initial business combination solely with another blank check company or a similar company with nominal
operations.

 

In addition, our amended and restated
memorandum and articles of association provides that under no circumstances will we redeem our public shares in an amount that would cause
our net tangible assets to be less than $5,000,001.

 

The Companies Act permits a company
incorporated in the Cayman Islands to amend its memorandum and articles of association with the approval of a special resolution. A company’s
articles of association may specify that the approval of a higher majority is required but, provided the approval of the required majority
is obtained, any Cayman Islands exempted company may amend its memorandum and articles of association regardless of whether its memorandum
and articles of association provides otherwise. Accordingly, although we could amend any of the provisions relating to our proposed offering,
structure and business plan which are contained in our amended and restated memorandum and articles of association, we view all of these
provisions as binding obligations to our shareholders and neither we, nor our officers or directors, will take any action to amend or
waive any of these provisions unless we provide dissenting public shareholders with the opportunity to redeem their public shares.

 

Anti-Money Laundering — Cayman Islands

 

In order to comply with legislation
or regulations aimed at the prevention of money laundering, we are required to adopt and maintain anti-money laundering procedures, and
may require subscribers to provide evidence to verify their identity and source of funds. Where permitted, and subject to certain conditions,
we may also delegate the maintenance of our anti-money laundering procedures (including the acquisition of due diligence information)
to a suitable person.

 

We reserve the
right to request such information as is necessary to verify the identity of a subscriber. In some cases the directors may be satisfied
that no further information is required since an exemption applies under the Anti-Money Laundering Regulations (2020 Revision) of the
Cayman Islands, as amended and revised from time to time (the “Regulations”). Depending on the circumstances of each application,
a detailed verification of identity might not be required where:

 

		(a)	the subscriber makes the payment for their investment from an account held in the subscriber’s name at a recognized financial
institution;

 

		(b)	the subscriber is regulated by a recognized regulatory authority and is based or incorporated in, or formed under the law of, a recognized
jurisdiction; or

 

		(c)	the application is made through an intermediary which is regulated by a recognized regulatory authority and is based in or incorporated
in, or formed under the law of a recognized jurisdiction and an assurance is provided in relation to the procedures undertaken on the
underlying investors.

 

For the purposes of these exceptions,
recognition of a financial institution, regulatory authority or jurisdiction will be determined in accordance with the Regulations by
reference to those jurisdictions recognized by the Cayman Islands Monetary Authority as having equivalent anti-money laundering regulations.

 

     

     

    

 

In the event of delay or failure on
the part of the subscriber in producing any information required for verification purposes, we may refuse to accept the application, in
which case any funds received will be returned without interest to the account from which they were originally debited.

 

We also reserve the right to refuse
to make any distribution payment to a shareholder if our directors or officers suspect or are advised that the payment of such distribution
to such shareholder might result in a breach of applicable anti-money laundering or other laws or regulations by any person in any relevant
jurisdiction, or if such refusal is considered necessary or appropriate to ensure our compliance with any such laws or regulations in
any applicable jurisdiction.

 

If any person resident in the Cayman
Islands knows or suspects, or has reasonable grounds for knowing or suspecting, that another person is engaged in criminal conduct or
is involved with terrorism or terrorist property and the information for that knowledge or suspicion came to their attention in the course
of business in the regulated sector or other trade, profession, business or employment, the person will be required to report such knowledge
or suspicion to (i) the Financial Reporting Authority of the Cayman Islands, pursuant to the Proceeds of Crime Law (2020 Revision)
of the Cayman Islands if the disclosure relates to criminal conduct or money laundering or (ii) a police officer of the rank of constable
or higher, or the Financial Reporting Authority, pursuant to the Terrorism Law (2018 Revision) of the Cayman Islands, if the disclosure
relates to involvement with terrorism or terrorist financing and property. Such a report will not be treated as a breach of confidence
or of any restriction upon the disclosure of information imposed by any enactment or otherwise.

 

Data Protection in the Cayman Islands — Privacy
Notice

 

We have certain duties under the Data
Protection Act, 2017 of the Cayman Islands (the “DPA”) based on internationally accepted principles of data privacy.

 

Introduction

 

This privacy notice puts our shareholders
on notice that through your investment in the company you will provide us with certain personal information which constitutes personal
data within the meaning of the DPA (“personal data”).

 

In the following discussion, the “company” refers
to us and our affiliates and/or delegates, except where the context requires otherwise.

 

Investor Data

 

We will collect, use, disclose, retain
and secure personal data to the extent reasonably required only and within the parameters that could be reasonably expected during the
normal course of business. We will only process, disclose, transfer or retain personal data to the extent legitimately required to conduct
our activities of on an ongoing basis or to comply with legal and regulatory obligations to which we are subject. We will only transfer
personal data in accordance with the requirements of the DPA, and will apply appropriate technical and organizational information security
measures designed to protect against unauthorized or unlawful processing of the personal data and against the accidental loss, destruction
or damage to the personal data.

 

In our use of this personal data, we
will be characterized as a “data controller” for the purposes of the DPA, while our affiliates and service providers who may
receive this personal data from us in the conduct of our activities may either act as our “data processors” for the purposes
of the DPA or may process personal information for their own lawful purposes in connection with services provided to us.

 

We may also obtain personal data from
other public sources. Personal data includes, without limitation, the following information relating to a shareholder and/or any individuals
connected with a shareholder as an investor: name, residential address, email address, contact details, corporate contact information,
signature, nationality, place of birth, date of birth, tax identification, credit history, correspondence records, passport number, bank
account details, source of funds details and details relating to the shareholder’s investment activity.

 

Who this Affects

 

If you are a natural person, this will
affect you directly. If you are a corporate investor (including, for these purposes, legal arrangements such as trusts or exempted limited
partnerships) that provides us with personal data on individuals connected to you for any reason in relation your investment in the Company,
this will be relevant for those individuals and you should transmit the content of this Privacy Notice to such individuals or otherwise
advise them of its content.

 

How the Company May Use Your Personal Data

 

The company, as the data controller, may collect, store and
use personal data for lawful purposes, including, in particular:

 

		(i)	where this is necessary for the performance of our rights and obligations under any purchase agreements;

 

		(ii)	where this is necessary for compliance with a legal and regulatory obligation to which we are subject (such as compliance with anti-money
laundering and FATCA/CRS requirements); and/or

 

		(iii)	where this is necessary for the purposes of our legitimate interests and such interests are not overridden by your interests, fundamental
rights or freedoms.

 

Should we wish to use personal data for other specific purposes
(including, if applicable, any purpose that requires your consent), we will contact you.

 

Why We May Transfer Your Personal Data

 

In certain circumstances, we may be
legally obliged to share personal data and other information with respect to your shareholding with the relevant regulatory authorities
such as the Cayman Islands Monetary Authority or the Tax Information Authority. They, in turn, may exchange this information with foreign
authorities, including tax authorities.

 

     

     

    

 

We anticipate disclosing personal data
to persons who provide services to us and their respective affiliates (which may include certain entities located outside the US, the
Cayman Islands or the European Economic Area), who will process your personal data on our behalf.

 

The Data Protection Measures We Take

 

Any transfer of personal data by us
or our duly authorized affiliates and/or delegates outside of the Cayman Islands shall be in accordance with the requirements of the DPA.

 

We and our duly authorized affiliates
and/or delegates shall apply appropriate technical and organizational information security measures designed to protect against unauthorized
or unlawful processing of personal data, and against accidental loss or destruction of, or damage to, personal data.

 

We shall notify you of any personal
data breach that is reasonably likely to result in a risk to your interests, fundamental rights or freedoms or those data subjects to
whom the relevant personal data relates.

 

If you consider
that your personal data has not been handled correctly, or you are not satisfied with the company’s responses to any requests you
have made regarding the use of your personal data, you have the right to complain to the Cayman Islands’ Ombudsman. The Ombudsman
can be contacted by calling +1 (345) 946-6283 or by email at info@ombudsman.ky.

 

Certain Anti-Takeover Provisions of our Amended and Restated
Memorandum and Articles of Association

 

Our amended and restated memorandum
and articles of association provides that our board of directors is classified into three classes of directors. As a result, in most circumstances,
a person can gain control of our board only by successfully engaging in a proxy contest at two or more annual general stock meetings.

 

Our authorized but unissued Class A
ordinary shares and preference shares are available for future issuances without shareholder approval and could be utilized for a variety
of corporate purposes, including future offerings to raise additional capital, acquisitions and employee benefit plans. The existence
of authorized but unissued and unreserved Class A ordinary shares and preference shares could render more difficult or discourage
an attempt to obtain control of us by means of a proxy contest, tender offer, merger or otherwise.

 

Securities Eligible for Future Sale

 

Immediately after the Initial Public
Offering we had 57,500,000 Class A ordinary shares issued and outstanding on an as-converted basis. Of these shares, the Class A
ordinary shares sold in the Initial Public Offering will be freely tradable without restriction or further registration under the Securities
Act, except for any Class A ordinary shares purchased by one of our affiliates within the meaning of Rule 144 under the Securities
Act. All of the outstanding founder shares (14,375,000 founder shares) and all of the outstanding private placement warrants (5,180,000
private placement warrants) are restricted securities under Rule 144, in that they were issued in private transactions not involving
a public offering.

 

Rule 144

 

Pursuant to Rule 144, a person
who has beneficially owned restricted shares or warrants for at least six months would be entitled to sell their securities provided that
(i) such person is not deemed to have been one of our affiliates at the time of, or at any time during the three months preceding,
a sale and (ii) we are subject to the Exchange Act periodic reporting requirements for at least three months before the sale and
have filed all required reports under Section 13 or 15(d) of the Exchange Act during the 12 months (or such shorter period as
we were required to file reports) preceding the sale.

 

Persons who have beneficially owned
restricted shares or warrants for at least six months but who are our affiliates at the time of, or at any time during the three months
preceding, a sale, would be subject to additional restrictions, by which such person would be entitled to sell within any three- month
period only a number of securities that does not exceed the greater of:

 

		•	1% of the total number of ordinary shares then outstanding, which equals 718,750 shares immediately after the Initial Public Offering;
and

 

		•	the average weekly reported trading volume of the Class A ordinary shares during the four calendar weeks preceding the filing
of a notice on Form 144 with respect to the sale.

 

Sales by our affiliates under Rule 144
are also limited by manner of sale provisions and notice requirements and to the availability of current public information about us.

 

Restrictions on the Use of Rule 144 by Shell
Companies or Former Shell Companies

 

Rule 144 is not available for
the resale of securities initially issued by shell companies (other than business combination related shell companies) or issuers that
have been at any time previously a shell company. However, Rule 144 also includes an important exception to this prohibition if the
following conditions are met:

 

		•	the issuer of the securities that was formerly a shell company has ceased to be a shell company;

 

		•	the issuer of the securities is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act;

 

		•	the issuer of the securities has filed all Exchange Act reports and material required to be filed, as applicable, during the preceding
12 months (or such shorter period that the issuer was required to file such reports and materials), other than Form 8-K reports;
and

 

		•	at least one year has elapsed from the time that the issuer filed current Form 10 type information with the SEC reflecting its
status as an entity that is not a shell company.

 

As a result, our initial shareholders
will be able to sell their founder shares and our sponsor will be able to sell its private placement warrants, and the securities underlying
the foregoing, pursuant to Rule 144 without registration one year after we have completed our initial business combination.

 

     

     

    

 

Registration and Shareholder Rights

 

The holders of the founder shares,
private placement warrants, Class A ordinary shares underlying the private placement warrants and warrants that may be issued upon
conversion of working capital loans (and any Class A ordinary shares issuable upon the exercise of the private placement warrants
and warrants that may be issued upon conversion of working capital loans) will be entitled to registration rights pursuant to a registration
and shareholder rights agreement that the holders signed at the closing of our Initial Public Offering. The holders of these securities
are entitled to make up to three demands, excluding short form demands, that we register such securities. In addition, the holders have
certain “piggy- back” registration rights with respect to registration statements filed subsequent to our completion of our
initial business combination. However, the registration and shareholder rights agreement provides that we will not permit any registration
statement filed under the Securities Act to become effective until termination of the applicable lock-up period, which occurs (i) in
the case of the founder shares, as described in the following paragraph, and (ii) in the case of the private placement warrants and
the respective Class A ordinary shares underlying such warrants, 30 days after the completion of our initial business combination.
We will bear the expenses incurred in connection with the filing of any such registration statements.

 

Except
as described herein, our sponsor and our directors and executive officers have agreed not to transfer, assign or sell (i) any
of their founder shares until the earliest of (A) one year after the completion of our initial business combination and
(B) subsequent to our initial business combination, (x) if
the closing price of our Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share divisions, share
capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period
commencing at least 150 days after our initial business combination, or (y) the date on which we complete a liquidation,
merger, share exchange, reorganization or other similar transaction that results in all of our public shareholders having the right
to exchange their ordinary shares for cash, securities or other property, and (ii) any of their private placement warrants and
Class A ordinary shares issued upon conversion or exercise thereof until 30 days after the completion of our initial business
combination. Any permitted transferees will be subject to the same restrictions and other agreements of our sponsor and directors
and executive officers with respect to any founder shares, private placement warrants and Class A ordinary shares issued upon
conversion or exercise thereof. We refer to such transfer restrictions throughout this Amendment No. 2 to the Annual Report on
Form 10-K/A as the lock-up.

 

In addition, pursuant to the registration
and shareholder rights agreement, our sponsor, upon and following consummation of an initial business combination, will be entitled to
nominate three individuals for appointment to our board of directors, as long as the sponsor holds any securities covered by the registration
and shareholder rights agreement.

 

Listing of Securities

 

Our units, Class A ordinary shares
and warrants are listed on NYSE under the symbols “VYGG.U”, “VYGG” and “VYGG.W”, respectively. The
units will automatically separate into their component parts and will not be traded following the completion of our initial business combination.Exhibit
10.1

 

 

 

Note
Purchase Agreement

 

By
and Among

 

Credex
Corporation

 

And

 

Robert
Nossov

 

Dated
as of January 10, 2022

 

 

 

    	 

     

    

 

TABLE
OF CONTENTS

 

	Article
    I.	DEFINITIONS	1
	 	 	
	Section
    1.01	Definitions.	1
	Section
    1.02	Interpretive
    Provisions.	2
	 	 	
	Article
    II.	PURCHASE
    AND SALE; AGREEMENTS	3
	 	 	
	Section
    2.01	Purchase
    and Sale.	3
	Section
    2.02	Deliverables
    at Closing.	3
	Section
    2.03	Closing.	3
	Section
    2.04	Use
    of Proceeds.	3
	 	 	
	Article
    III.	REPRESENTATIONS
    AND WARRANTIES OF THE COMPANY	3
	 	 	
	Section
    3.01	Authorization
    of Transactions.	3
	Section
    3.02	Governmental
    Approvals; Non-contravention.	4
	Section
    3.03	Brokers.	4
	 	 	
	Article
    IV.	REPRESENTATIONS
    AND WARRANTIES OF BUYER	4
	 	 	
	Section
    4.01	Authorization
    of Transactions.	4
	Section
    4.02	Governmental
    Approvals; Non-contravention.	4
	Section
    4.03	Investment
    Representations.	5
	Section
    4.04	Brokers.	5
	 	 	
	Article
    V.	INDEMNIFICATION	6
	 	 	
	Section
    5.01	General
    Indemnification.	6
	Section
    5.02	Procedures
    for Indemnification.	6
	Section
    5.03	Payment.	6
	Section
    5.04	Effect
    of Knowledge on Indemnification.	6
	 	 	
	Article
    VI.	MISCELLANEOUS	7
	 	 	
	Section
    6.01	Notices.	7
	Section
    6.02	Attorneys’
    Fees	7
	Section
    6.03	Amendments;
    No Waivers; No Third-Party Beneficiaries.	7
	Section
    6.04	Expenses.	8
	Section
    6.05	Further
    Assurances.	8
	Section
    6.06	Successors
    and Assigns; Benefit.	8
	Section
    6.07	Governing
    Law; Etc.	8
	Section
    6.08	Survival.	9
	Section
    6.09	Resolution
    of Disputes.	10
	Section
    6.10	Severability.	10
	Section
    6.11	Entire
    Agreement.	10
	Section
    6.12	Specific
    Performance.	10
	Section
    6.13	Construction.	10
	Section
    6.14	Counterparts.	10

 

Exhibit
A Form of Promissory Note

 

    	i

     

    

 

NOTE
PURCHASE AGREEMENT

 

This
Note Purchase Agreement (this “Agreement”) is entered into as of January 10, 2022 (the “Closing Date”), by and
among Credex Corporation, a Florida corporation (the “Company”) and Robert Nossov (“Buyer”). The Company and
the Buyer may be collectively referred to herein as the “Parties” and individually as a “Party”.

 

WHEREAS,
the Company desires to issue and sell to the Buyer a convertible promissory note of the Company on the terms set forth herein and the
Buyer wishes to purchase such convertible promissory note on the terms and conditions provided for herein and the Parties desire to undertake
the other actions and enter into the other agreements as set forth herein;

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

 

Article
I. DEFINITIONS

 

Section
1.01 Definitions.  In addition to the terms defined elsewhere in this Agreement, the following terms, as used herein,
have the following meanings:

 

		(a)	“Affiliate”
                                            means, with respect to a specified Person, any other Person that directly or indirectly Controls,
                                            is Controlled by or is under common Control with, the specified Person.
	 	 	 
		(b)	“Business
                                            Day” means any day except Saturday, Sunday and any legal holiday or a day on which
                                            banking institutions in Florida generally are authorized or required by Law or other governmental
                                            actions to close.
	 	 	 
		(c)	“Contract”
                                            means any contract, commitment, understanding or agreement (whether oral or written).
	 	 	 
		(d)	“Control”
                                            means (a) the possession, directly or indirectly, of the power to vote 10% or more of the
                                            securities or other equity interests of a Person having ordinary voting power, (b) the possession,
                                            directly or indirectly, of the power to direct or cause the direction of the management and
                                            policies of a Person, by contractor otherwise, or (c) being a director, officer, executor,
                                            trustee or fiduciary (or their equivalents) of a Person or a Person that controls such Person.
	 	 	 
		(e)	“Governmental
                                            Entity” means any federal, state, municipal, local or foreign government and any court,
                                            tribunal, arbitral body, administrative agency, department, subdivision, entity, commission
                                            or other governmental, government appointed, quasi-governmental or regulatory authority,
                                            reporting entity or agency, domestic, foreign or supranational.
	 	 	 
		(f)	“Law”
                                            means any applicable foreign, federal, state or local law (including common law), statute,
                                            treaty, rule, directive, regulation, ordinances and similar provisions having the force or
                                            effect of law or an Order of any Governmental Entity.
	 	 	 
		(g)	“Liabilities”
                                            means liabilities, obligations or responsibilities of any nature whatsoever, whether direct
                                            or indirect, matured or un-matured, fixed or unfixed, known or unknown, asserted or un asserted,
                                            choate or inchoate, liquidated or unliquidated, secured or unsecured, absolute, contingent
                                            or otherwise, including any direct or indirect indebtedness, guaranty, endorsement, claim,
                                            loss, damage, deficiency, cost or expense.

 

    	1

     

    

 

		(h)	“Lien”
                                            means, with respect to any property or asset, any lien, security interest, mortgage, pledge,
                                            charge, claim, lease, agreement, right of first refusal, option, limitation on transfer or
                                            use or assignment or licensing, restrictive easement, charge or any other restriction of
                                            any kind, and any conditional sale or voting agreement or proxy, and including any restriction
                                            on the ownership, use, voting, transfer, possession, receipt of income or other exercise
                                            of any attributes of ownership, in respect of such property or asset, and any agreement to
                                            give any of the foregoing.
	 	 	 
		(i)	“Losses”
                                            means any losses, damages, deficiencies, Liabilities, assessments, fines, penalties, judgments,
                                            actions, claims, costs, disbursements, fees, expenses or settlements of any kind or nature,
                                            including legal, accounting and other professional fees and expenses.
	 	 	 
		(j)	“Order”
                                            means any judgment, writ, decree, determination, award, compliance agreement, settlement
                                            agreement, injunction, ruling, charge, judicial or administrative order, determination or
                                            other restriction of any Governmental Entity or arbitrator.
	 	 	 
		(k)	“Person”
                                            means a natural person, a corporation, a limited liability company, a partnership, an association,
                                            a trust or any other entity or organization, including a government or political subdivision
                                            or any agency or instrumentality thereof.
	 	 	 
		(l)	“Securities
                                            Act” means the United States Securities Act of 1933, as amended, and the rules and
                                            regulation promulgated thereunder.
	 	 	 
		(m)	“Transactions”
                                            means the purchase and sale of the Note and the other transactions contemplated under the
                                            Transaction Documents.
	 	 	 
		(n)	“Transaction
                                            Documents” means this Agreement, the Note and any other agreement, document, certificate
                                            or writing delivered or to be delivered in connection with this Agreement and any other document
                                            related to the Transactions related to the forgoing, including, without limitations, those
                                            delivered at the Closing.

 

Section
1.02 Interpretive Provisions.  Unless the express context otherwise requires, the words “hereof,” “herein,”
and “hereunder” and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and not
to any particular provision of this Agreement; terms defined in the singular shall have a comparable meaning when used in the plural,
and vice versa; the terms “Dollars” and “$” mean United States Dollars, unless otherwise specified herein; references
herein to a specific Section, Subsection, Recital or Exhibit shall refer, respectively, to Sections, Subsections, Recitals or Exhibits
of this Agreement; wherever the word “include,” “includes,” or “including” is used in this Agreement,
it shall be deemed to be followed by the words “without limitation”; references herein to any gender shall include each other
gender; references herein to any Person shall include such Person’s heirs, executors, personal representatives, administrators,
successors and assigns; provided, however, that nothing contained in this Section 1.02 is intended to authorize any assignment or transfer
not otherwise permitted by this Agreement; references herein to a Person in a particular capacity or capacities shall exclude such Person
in any other capacity; references herein to any contract or agreement (including this Agreement) mean such contract or agreement as amended,
supplemented or modified from time to time in accordance with the terms thereof; with respect to the determination of any period of time,
the word “from” means “from and including” and the words “to” and “until” each means
“to but excluding”; references herein to any Law or any license mean such Law or license as amended, modified, codified,
reenacted, supplemented or superseded in whole or in part, and in effect from time to time; and references herein to any Law shall be
deemed also to refer to all rules and regulations promulgated thereunder.

 

    	2

     

    

 

Article
II. PURCHASE AND SALE; AGREEMENTS

 

Section
2.01 Purchase and Sale. Subject to the terms and conditions of this Agreement, at the Closing (as defined below), the Company
shall issue and sell to Buyer a convertible promissory note of the Company in the form as attached hereto as Exhibit A (the “Note”)
in the aggregate principal amount of $250,000 for a purchase price of $250,000 (the “Purchase Price”).

 

Section
2.02 Deliverables at Closing.

 

		(a)	At
                                            the Closing, Buyer shall deliver to the Company:

 

		(i)	The
                                            Purchase Price via a check payable to the Company or wire transfer pursuant to the wire transfer
                                            instructions as provided by the Company to Buyer; and
	 	 	 
		(ii)	a
                                            copy of the Note, duly executed by an authorized officer of the Buyer.

 

		(b)	At
                                            the Closing, the Company shall deliver to the Buyer a copy of the Note, duly executed by
                                            an authorized officer of the Company.

 

Section
2.03 Closing. On the terms set forth herein, the closing of the Transactions (the “Closing”) shall take place
by conference call and electronic communication (i.e., emails/pdf) or facsimile, with exchange of original signatures to follow by mail,
on the Closing Date and effective as of 11:59 p.m. Eastern time, on such date.

 

Section 2.04 Use
of Proceeds. The Company shall utilize the Purchase Price
for general corporate purposes.

 

Article
III. REPRESENTATIONS AND WARRANTIES OF THE COMPANY

 

The
Company represents and warrants to Buyer that the following representations and warranties contained in this Article III are true and
correct as of the Closing Date:

 

Section
3.01 Authorization of Transactions. The Company is a corporation duly authorized and in good standing in the State of Florida
and has the requisite power and capacity to execute and deliver the Transaction Documents to which it is a party and to perform its obligations
hereunder and thereunder. The execution, delivery and performance by the Company of the applicable Transaction Documents and the consummation
of the Transactions have been duly and validly authorized by all requisite action on the part of the Company. The Transaction Documents
to which the Company is a party have been duly and validly executed and delivered by The Company. Each Transaction Document to which
the Company is a party constitutes the valid and legally binding obligation of the Company, enforceable against the Company in accordance
with its terms and conditions, except to the extent enforcement thereof may be limited by applicable bankruptcy, insolvency or other
Laws affecting the enforcement of creditors’ rights or by the principles governing the availability of equitable remedies.

 

    	3

     

    

 

Section
3.02 Governmental Approvals; Non-contravention.

 

		(a)	No
                                            consent, Order, action or non-action of, or filing, notification, declaration or registration
                                            with, any Governmental Entity or Person is necessary for the execution, delivery or performance
                                            by the Company of this Agreement or any other Transaction Document to which the Company is
                                            a party.
	 	 	 
		(b)	The
                                            execution, delivery and performance by the Company of the Transaction Documents to which
                                            the Company is a party, and the consummation by the Company of the Transactions, do not (i)
                                            violate or conflict with any Law or Order to which the Company may be subject, (ii) constitute
                                            a violation or breach of, be in conflict with, constitute or create (with or without due
                                            notice or lapse of time or both) a default (or give rise to any right of termination, modification,
                                            cancellation or acceleration) of any obligation under any Contract to which the Company is
                                            a party or to which the Company is subject or by which the Company’s properties, assets
                                            or rights are bound or (iii) result in the creation or imposition of any Lien upon any of
                                            the rights, properties or assets of the Company.

 

Section
3.03 Brokers. Other than Boustead Securities, LLC, the Company has not engaged, or caused to be incurred any Liability
or obligation to, any investment banker, finder, broker or sales agent or any other Person in connection with the origin, negotiation,
execution, delivery or performance of the Transaction Documents to which it is a party, or the Transactions.

 

Article
IV. REPRESENTATIONS AND WARRANTIES OF BUYER

 

Buyer
represents and warrants to the Company that the following statements contained in this Article IV are true and correct as of the Closing
Date:

 

Section
4.01 Authorization of Transactions. Buyer is natural person, resident in the State of Florida, and has the requisite power
and capacity to execute and deliver the Transaction Documents to which it is a party and to perform Buyer’s obligations hereunder
and thereunder. The execution, delivery and performance by Buyer of the applicable Transaction Documents and the consummation of the
Transactions have been duly and validly authorized by all requisite action on the part of Buyer. The Transaction Documents to which Buyer
is a party have been duly and validly executed and delivered by Buyer. Each Transaction Document to which Buyer is a party constitutes
the valid and legally binding obligation of Buyer, enforceable against Buyer in accordance with its terms and conditions, except to the
extent enforcement thereof may be limited by applicable bankruptcy, insolvency or other Laws affecting the enforcement of creditors’
rights or by the principles governing the availability of equitable remedies.

 

Section
4.02 Governmental Approvals; Non-contravention.

 

		(a)	No
                                            consent, Order, action or non-action of, or filing, notification, declaration or registration
                                            with, any Governmental Entity is necessary for the execution, delivery or performance by
                                            Buyer of this Agreement or any other Transaction Document to which Buyer is a party.
	 	 	 
		(b)	The
                                            execution, delivery and performance by Buyer of the Transaction Documents to which Buyer
                                            is a party, and the consummation by Buyer of the Transactions, do not violate any Laws or
                                            Orders to which Buyer is subject.

 

    	4

     

    

 

Section
4.03 Investment Representations.

 

		(a)	Buyer
                                            understands and agrees that the consummation of this Agreement including the delivery of
                                            the Note as contemplated hereby constitute the offer and sale of securities under the Securities
                                            Act and applicable state statutes and that the Note and the shares of common stock, par value
                                            $0.001 per share, of the Company that may be issued upon conversion of the Note (collectively,
                                            the “Securities”) are being acquired for Buyer’s own account and not with
                                            a present view towards the public sale or distribution thereof, except pursuant to sales
                                            registered or exempted from registration under the Securities Act.
	 	 	 
		(b)	Buyer
                                            is an “accredited investor” as that term is defined in Rule 501(a) of Regulation
                                            D under the Securities Act.
	 	 	 
		(c)	Buyer
                                            understands that the Securities are being offered and sold to Buyer in reliance upon specific
                                            exemptions from the registration requirements of United States federal and state securities
                                            Laws and that the Company is relying upon the truth and accuracy of, and Buyer’s compliance
                                            with, the representations, warranties, agreements, acknowledgments and understandings of
                                            Buyer set forth herein in order to determine the availability of such exemptions and the
                                            eligibility of Buyer to acquire the Securities.
	 	 	 
		(d)	At
                                            no time was Buyer presented with or solicited by any leaflet, newspaper or magazine article,
                                            radio or television advertisement, or any other form of general advertising or solicited
                                            or invited to attend a promotional meeting otherwise than in connection and concurrently
                                            with such communicated offer. Buyer is not purchasing the Securities acquired by Buyer hereunder
                                            as a result of any “general solicitation” or “general advertising,”
                                            as such terms are defined in Regulation D under the Securities Act, which includes, but is
                                            not limited to, any advertisement, article, notice or other communication regarding the Securities
                                            acquired by Buyer hereunder published in any newspaper, magazine or similar media or on the
                                            internet or broadcast over television, radio or the internet or presented at any seminar
                                            or any other general solicitation or general advertisement.
	 	 	 
		(e)	Buyer
                                            is acquiring the Securities for Buyer’s own account as principal, not as a nominee
                                            or agent, for investment purposes only, and not with a view to, or for, resale, distribution
                                            or fractionalization thereof in whole or in part and no other person has a direct or indirect
                                            beneficial interest in the Securities. Further, Buyer does not have any contract, undertaking,
                                            agreement or arrangement with any person to sell, transfer or grant participations to such
                                            person or to any third person, with respect to the Securities.
	 	 	 
		(f)	Buyer,
                                            either alone or together with Buyer’s representatives, has such knowledge, sophistication
                                            and experience in business and financial matters so as to be capable of evaluating the merits
                                            and risks of the prospective investment in the Securities, and has so evaluated the merits
                                            and risks of such investment.
	 	 	 
		(g)	Buyer
                                            understands that no United States federal or state agency or any other governmental or state
                                            agency has passed on or made recommendations or endorsement of the Securities or the suitability
                                            of the investment in the Securities nor have such authorities passed upon or endorsed the
                                            merits of the transactions set forth herein.

 

Section 4.04 Brokers.
Buyer has not engaged any investment banker, finder, broker or sales agent or any other Person in connection with the origin,
negotiation, execution, delivery or performance of any Transaction Document to which it is a party, or the Transactions.

 

    	5

     

    

 

Article
V. INDEMNIFICATION

 

Section 5.01 General
Indemnification. Each Party (the “Indemnifying Party”)
agrees to indemnify, defend and hold harmless the other Party and such other Party’s Affiliates and each of their respective directors,
officers, managers, partners, employees, agents, equity holders, successors and assigns (each, an “Indemnified Party”), from
and against any and all Losses incurred or suffered by any Indemnified Party arising out of, based upon or resulting from any breach
of any representation or warranty of the Indemnifying Party herein or breach by the Indemnifying Party of, or any failure the Indemnifying
Party to perform, any of the covenants, agreements or obligations contained in or made pursuant to this Agreement or the Transaction
Documents by the Indemnifying Party.

 

Section 5.02 Procedures
for Indemnification. In the event that an Indemnified Party shall incur or suffer any Losses in respect of which indemnification
may be sought under this Article V against the Indemnifying Party, the Indemnified Party shall assert a claim for indemnification by
providing a written notice (the “Notice of Loss”) to the Indemnifying Party stating the nature and basis of such indemnification.
The Notice of Loss shall be provided to the Indemnifying Party as soon as practicable after the Indemnified Party becomes aware that
it has incurred or suffered a Loss.

 

Section 5.03 Payment.
Upon a determination of liability under this Article V the Indemnifying Party shall pay or cause to be paid to the Indemnified Party
the amount so determined within five (5) Business Days after the date of such determination. If there should be a dispute as to the amount
or manner of determination of any indemnity obligation owed under this Agreement, the Indemnifying Party shall nevertheless pay when
due such portion, if any, of the obligation that is not subject to dispute. Upon the payment in full of any amounts due under this Article
V with respect to any claim, the Indemnifying Party shall be subrogated to the rights of the Indemnified Party against any Person with
respect to the subject matter of such claim.

 

Section 5.04 Effect
of Knowledge on Indemnification. The right to indemnification, reimbursement or other remedy based upon any representations, warranties,
covenants and obligations set forth in this Agreement shall not be affected by any investigation conducted with respect to, or any knowledge
acquired (or capable of being acquired) at any time, whether before or after the execution and delivery of this Agreement, with respect
to the accuracy or inaccuracy of or compliance with any such representation, warranty, covenant or obligation. The waiver of any condition
based upon the accuracy of any representation or warranty, or on the performance of or compliance with any covenant or obligation, shall
not affect the right to indemnification, reimbursement or other remedy based upon such representations, warranties, covenants or obligations.

 

    	6

     

    

 

Article
VI. MISCELLANEOUS

 

Section
6.01 Notices.

 

		(a)	Any
                                            notice or other communications required or permitted hereunder shall be in writing and shall
                                            be sufficiently given if personally delivered to it or sent by email, overnight courier or
                                            registered mail or certified mail, postage prepaid, addressed as follows:

 

if
to the Company, to:

 

Credex
Corporation

Attn:
Robin McVey

500
Australian Avenue South, Suite 630

West
Palm Beach, FL 33401

Email:
robin.mcvey@credexcorporation.com

 

With
a copy, which shall not constitute notice, to:

 

Anthony
L.G., PLLC

Attn:
John Cacomanolis

625
N. Flagler Drive, Suite 600

West
Palm Beach, FL 33401

Email:
jcacomanolis@anthonypllc.com

 

If
to the Buyer, to:

 

Robert
Nossov

149
Peary CT Unit C

Key
West, FL 33040

Email:
robert.nossov@att.net

 

		(b)	Any
                                            Party may change its address for notices hereunder upon notice to each other Party in the
                                            manner for giving notices hereunder.
	 	 	 
		(c)	Any
                                            notice hereunder shall be deemed to have been given (i) upon receipt, if personally delivered,
                                            (ii) on the day after dispatch, if sent by overnight courier, (iii) upon dispatch, if transmitted
                                            by email with return receipt requested and received and (iv) three (3) days after mailing,
                                            if sent by registered or certified mail.

 

Section
6.02 Attorneys’ Fees. In the event that any Party institutes any action or suit to enforce this Agreement or to secure
relief from any default hereunder or breach hereof, the prevailing Party shall be reimbursed by the losing Party for all costs, including
reasonable attorneys’ fees, incurred in connection therewith and in enforcing or collecting any judgment rendered therein.

 

Section
6.03 Amendments; No Waivers; No Third-Party Beneficiaries.

 

		(a)	This
                                            Agreement may be amended, modified, superseded, terminated or cancelled, and any of the terms,
                                            covenants, representations, warranties or conditions hereof may be waived, only by a written
                                            instrument executed by both of the Parties.
	 	 	 
		(b)	Every
                                            right and remedy provided herein shall be cumulative with every other right and remedy, whether
                                            conferred herein, at law, or in equity, and may be enforced concurrently herewith, and no
                                            waiver by any Party of the performance of any obligation by another Party shall be construed
                                            as a waiver of the same or any other default then, theretofore, or thereafter occurring or
                                            existing.

 

    	7

     

    

 

		(c)	Neither
                                            any failure or delay in exercising any right or remedy hereunder or in requiring satisfaction
                                            of any condition herein nor any course of dealing shall constitute a waiver of or prevent
                                            any Party from enforcing any right or remedy or from requiring satisfaction of any condition.
                                            No notice to or demand on a Party waives or otherwise affects any obligation of that Party
                                            or impairs any right of the Party giving such notice or making such demand, including any
                                            right to take any action without notice or demand not otherwise required by this Agreement.
                                            No exercise of any right or remedy with respect to a breach of this Agreement shall preclude
                                            exercise of any other right or remedy, as appropriate to make the aggrieved Party whole with
                                            respect to such breach, or subsequent exercise of any right or remedy with respect to any
                                            other breach.
	 	 	 
		(d)	Notwithstanding
                                            anything else contained herein, no Party shall seek, nor shall any Party be liable for, consequential,
                                            punitive or exemplary damages, under any tort, contract, equity, or other legal theory, with
                                            respect to any breach (or alleged breach) of this Agreement or any provision hereof or any
                                            matter otherwise relating hereto or arising in connection herewith.

 

Section
6.04 Expenses. Unless otherwise contemplated or stipulated by a Transaction Document, all costs and expenses incurred in
connection with this Agreement shall be paid by the Party incurring such cost or expense.

 

Section 6.05 Further
Assurances. Following the Closing, each Party shall execute and deliver such documents and other papers and take such further action
as may be reasonably required to carry out the provisions of the Transaction Documents.

 

Section
6.06 Successors and Assigns; Benefit. This Agreement shall be binding upon and shall inure to the benefit of the Parties
and their respective successors and permitted assigns. No Party shall have any power or any right to assign or transfer, in whole or
in part, this Agreement, or any of its rights or any of its obligations hereunder, including, without limitation, any right to pursue
any claim for damages pursuant to this Agreement or the transactions contemplated herein, or to pursue any claim for any breach or default
of this Agreement, or any right arising from the purported assignor’s due performance of its obligations hereunder, without the
prior written consent of the other Party and any such purported assignment in contravention of the provisions herein shall be null and
void and of no force or effect. Other than as specifically set forth herein, including in Article V, nothing in this Agreement shall
confer on any Person other than the Parties, and their respective successors and assigns, any rights, remedies, obligations, or Liabilities
under or by reason of this Agreement.

 

Section
6.07 Governing Law; Etc.

 

		(a)	This
                                            Agreement, and all matters based upon, arising out of or relating in any way to the Transactions
                                            or the Transaction Documents, including all disputes, claims or causes of action arising
                                            out of or relating to the Transactions or the Transaction Documents as well as the interpretation,
                                            construction, performance and enforcement of the Transaction Documents, shall be governed
                                            by the laws of the United States and the State of Florida, without regard to any jurisdiction’s
                                            conflict-of-laws principles.

 

    	8

     

    

 

		(b)	SUBJECT
                                            TO Section 6.09, ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT,
                                            THE OTHER TRANSACTION DOCUMENTS OR THE CONTEMPLATED TRANSACTIONS SHALL BE INSTITUTED SOLELY
                                            IN THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA OR THE COURTS OF THE STATE OF FLORIDA,
                                            IN EACH CASE LOCATED IN PALM BEACH COUNTY, FLORIDA, AND EACH PARTY IRREVOCABLY SUBMITS TO
                                            THE PERSONAL JURISDICTION OF SUCH COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING. THE PARTIES
                                            IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY OBJECTION TO THE LAYING OF VENUE OF ANY SUIT, ACTION
                                            OR ANY PROCEEDING IN SUCH COURTS AND IRREVOCABLY WAIVE AND AGREE NOT TO PLEAD OR CLAIM IN
                                            ANY SUCH COURT THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN
                                            BROUGHT IN AN INCONVENIENT FORUM.
	 	 	 
		(c)	EACH
                                            PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT
                                            IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT
                                            OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS, THE PERFORMANCE THEREOF OR THE FINANCINGS
                                            CONTEMPLATED THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO
                                            (A) CERTIFIES THAT 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 AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO
                                            HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
                                            AND CERTIFICATIONS IN THIS Section 6.07(c).
	 	 	 
		(d)	Each
                                            of the Parties acknowledge that each has been represented in connection with the signing
                                            of this waiver by independent legal counsel selected by the respective Party and that such
                                            Party has discussed the legal consequences and import of this waiver with legal counsel.
                                            Each of the Parties further acknowledge that each has read and understands the meaning of
                                            this waiver and grants this waiver knowingly, voluntarily, without duress and only after
                                            consideration of the consequences of this waiver with legal counsel.

 

Section
6.08 Survival. The representations and warranties in this Agreement shall survive the Closing for a period of 12 months
from the Closing Date, and no claim for indemnification may be made after such time. All covenants and agreements in this Agreement,
and such provisions herein as required to give effect to the same, will survive until fully performed; provided, however, that, nothing
herein shall prevent a Party from making any claim hereunder, or relieve any other Party from any liability hereunder, after such time
for any breach thereof.

 

    	9

     

    

 

Section
6.09 Resolution of Disputes. Except as otherwise provided herein, all controversies, disputes or actions between the Parties
arising out of the Transactions or this Agreement, including their respective Affiliates, owners, officers, directors, agents and employees,
arising from or relating to this Agreement shall on demand of either party be submitted for arbitration to in accordance with the rules
and regulations of the American Arbitration Association. The arbitration shall be conducted by one arbitrator jointly selected by each
Party who is a party to the Dispute, provided, however, that if such Parties are unable to agree on the identity of the arbitrator within
10 Business Days of commencement of efforts to do so, each Party who is a party to the Dispute shall select one arbitrator and the arbitrators
so selected shall select a final arbitrator, and the final arbitrator shall conduct the arbitration alone. The Parties agree that, in
connection with any such arbitration proceeding, each shall submit or file any claim which would constitute a compulsory counterclaim
(as defined by Rule 13 of the Federal Rules of Civil Procedures) within the same proceeding as the claim to which it relates. Any such
claim which is not submitted or filed in such proceeding shall be barred. The arbitrator shall be instructed to use every reasonable
effort to perform its services within seven days of request, and, in any case, as soon as practicable. The Parties agree to be bound
by the provisions of any limitation on the period of time by which claims must be brought under Florida law or any applicable federal
law. The arbitrator(s) shall have the right to award the relief which he or she deems proper, consistent with the terms of this Agreement,
including compensatory damages (with interest on unpaid amounts from due date), injunctive relief, specific performance, legal damages
and costs. The award and decision of the arbitrator(s) shall be conclusive and binding on all Parties, and judgment upon the award may
be entered in any court of competent jurisdiction. Any right to contest the validity or enforceability of this award shall be governed
exclusively by the United States Arbitration Act. The arbitration shall be conducted in West Palm Beach, Florida. The provisions of this
Section 6.09 shall continue in full force and effect subsequent to and notwithstanding the expiration or termination of this Agreement.

 

Section
6.10 Severability. If any provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of
law, or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long
as the economic or legal substance of the Transactions is not affected in any manner adverse to any Party. Upon such determination that
any provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement
so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the end that the Transactions are
fulfilled to the extent possible.

 

Section
6.11 Entire Agreement. The Transaction Documents constitute the entire agreement between the Parties with respect to the
subject matter hereof and thereof and supersede all prior agreements and understandings, both oral and written, between the Parties with
respect to the subject matter hereof and thereof.

 

Section
6.12 Specific Performance. Each Party agrees that irreparable damage would occur if any provision of this Agreement were
not performed in accordance with the terms hereof and that each Party shall be entitled to seek specific performance of the terms hereof
in addition to any other remedy at law or in equity.

 

Section
6.13 Construction. The table of contents and headings contained in this Agreement are for reference purposes only and will
not affect in any way the meaning or interpretation of this Agreement. In the event of a conflict between language or amounts contained
in the body of this Agreement and language or amounts contained in the Exhibits attached hereto, the language or amounts in the body
of the Agreement shall control. References to Articles or Sections shall refer to those portions of this Agreement. The use of the terms
“hereunder,” “hereof,” “hereto” and words of similar import shall refer to this Agreement as a whole
and not to any particular Article, Section or clause of or Exhibit to this Agreement.

 

Section
6.14 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original and
all of which taken together shall be but a single instrument. Counterparts may be delivered via facsimile, electronic mail (including
pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other transmission method
and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

[Signature
page follows]

 

    	10

     

    

 

IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed as of the Closing Date.

 

	 	Credex
    Corporation
	 	 	 
	 	By:	/s/
    Robin McVey
	 	Name:	Robin
    McVey
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	Robert
    Nossov
	 	 	 
	 	By:	/s/
    Robert Nossov
	 	Name:	Robert
    Nossov

 

    	11

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