Document:

Exhibit
10.1

 

ASSET
PURCHASE AGREEMENT BY AND BETWEEN

 

FRIENDABLE, INC.

 

AND

 

ARTIST
REPUBLIK INC.

 

 

 

DATED
AS OF

 

 

 

DECEMBER
17, 2021

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CONTENTS

 

	Article
    I. Purchase and Sale of Assets	3
	 	 
	Section
    1.1.	Purchase
    and Sale of Assets	3
	 	 	 
	Section
    1.2.	“Excluded
    Assets”	4
	 	 	 
	Section
    1.3.	Assumption
    of Liabilities	4
	 	 	 
	Section
    1.4.	Retained
    Liabilities	4
	 	 	 
	Section
    1.5.	Purchase
    Price	4
	 	 	 
	Section
    1.6.	Consulting
    Agreements	5
	 	 	 
	Section
    1.7.	Closing	5
	 	 	 
	Section
    1.8.	Conditions
    of Closing and Closing Obligations	5
	 	 	 
	Article
    II. Representations and Warranties of Seller	6
	 	 
	Section
    2.1.	Authorization	6
	 	 	 
	Section
    2.2.	Non-Contravention;
    Filings and Consents	7
	 	 	 
	Section
    2.3.	Labor
    and Employment Matters	7
	 	 	 
	Section
    2.4.	Litigation	8
	 	 	 
	Section
    2.5.	Tax
    Matters	8
	 	 	 
	Section
    2.6.	Compliance
    with Laws; Permits	9
	 	 	 
	Section
    2.7.	Intellectual
    Property	9
	 	 	 
	Section
    2.8.	Material
    Contracts	9
	 	 	 
	Section
    2.9.	Anticorruption	10
	 	 	 
	Section
    2.10.	Brokers;
    Certain Expenses	10
	 	 	 
	Section
    2.11.	Adequacy
    of Assets	10
	 	 	 
	Section
    2.12.	Tangible
    Personal Property	11
	 	 	 
	Section
    2.13.	Solvency	11
	 	 	 
	Section
    2.14.	Books
    and Records	11
	 	 	 
	Section
    2.15.	Correctness
    of Representations	11
	 	 	 
	Article
    III. Representations and Warranties of Buyer	11
	 	 
	Section
    3.1.	Organization	11
	 	 	 
	Section
    3.2.	Authority
    for this Agreement	11
	 	 	 
	Section
    3.3.	Consents
    and Approvals	12
	 	 	 
	Section
    3.4.	Non-Contravention	12
	 	 	 
	Section
    3.5.	Valid
    Issuance of Shares	12

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	Section
    3.6.	Independent
    Investigation	12
	 	 	 
	Article
    IV. Covenants	12
	 	 
	Section
    4.1.	Press
    Releases	12
	 	 	 
	Section
    4.2.	Payment
    of All Taxes Resulting from Sale of Assets by Seller	13
	 	 	 
	Section
    4.3.	Payment
    of Other Retained Liabilities	13
	 	 	 
	Section
    4.4.	Reports
    and Returns	13
	 	 	 
	Section
    4.5.	Customer
    and Other Business Relationships	13
	 	 	 
	Section
    4.6.	Retention
    of and Access to Records	13
	 	 	 
	Article
    V. Indemnification	15
	 	 
	Section
    5.1.	Indemnification
    by Seller	15
	 	 	 
	Section
    5.2.	Survival
    of Representations and Warranties	15
	 	 	 
	Section
    5.3.	Limitations
    on Indemnification	15
	 	 	 
	Article
    VI. Miscellaneous	16
	 	 
	Section
    6.1.	Entire
    Agreement; Assignment; Amendments	16
	 	 	 
	Section
    6.2.	Severability;
    Expenses; Further Assurances	16
	 	 	 
	Section
    6.3.	Notices	17
	 	 	 
	Section
    6.4.	Governing
    Law	18
	 	 	 
	Section
    6.5.	Descriptive
    Headings	18
	 	 	 
	Section
    6.6.	Parties
    in Interest	18
	 	 	 
	Section
    6.7.	Counterparts	18
	 	 	 
	Section
    6.8.	Certain
    Definitions	18
	 	 	 
	Section
    6.9.	Interpretation	20
	 	 	 
	Section
    6.10.	Working
    Capital Adjustment	20

    2

     

    

ASSET
PURCHASE AGREEMENT

 

This
ASSET PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of December ___ 2021, by and between
Friendable, Inc., a Nevada corporation, (“Buyer”) and Artist Republik Inc., a Delaware corporation (“Seller” or
the “Company”).

 

RECITALS

 

WHEREAS,
Seller operates a platform for independent music artists (the “Business”);

 

WHEREAS,
Buyer desires to purchase from Seller, and Seller desires to sell to Buyer, the assets of Seller (“Assets”)
listed in Exhibit “A” attached hereto; and

 

WHEREAS,
Buyer and Seller desire to enter into this Agreement for the purpose of setting forth their mutual understandings and agreements
with respect to the foregoing; and

 

WHEREAS,
capitalized terms used but not defined in the context of the Section in which such terms first appear shall have the meanings set
forth in Section 6.8.

 

NOW,
THEREFORE, in consideration of the mutual representations, warranties, covenants and agreements contained in this Agreement, and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

 

ARTICLE
I. PURCHASE AND SALE OF ASSETS.

 

Section
1.1. Purchase and Sale of Assets. Upon the terms and subject to the conditions set forth in this Agreement, at the Closing Seller
shall sell, transfer, assign, convey, and deliver to Buyer, and Buyer shall purchase and acquire from Seller, all the Assets free and
clear of all liens, claims and encumbrances of any nature whatsoever. “Assets” means all right, title, and interest
in and to all of the assets of Seller that is listed in Exhibit “A” attached hereto, used and/or useful in the operation
of the Business, but specifically excluding the Excluded Assets.

 

Assets
includes:

 

		(a)	all
Intellectual Property, associated goodwill, related licenses and sublicenses (in each case, whether granted or obtained), and other rights,
remedies against infringements of, and rights to protection of interests in Intellectual Property under the Laws of all jurisdictions.

 

		(b)	the
contracts listed on Schedule 1.1(b) and all associated rights of Seller (the “Contracts”).

 

		(c)	all
franchises, approvals, permits, licenses, orders, registrations, certificates, variances, and similar rights obtained by, on behalf of,
or for the benefit of Seller from any Governmental Authority.

 

		(d)	all
books, records and other printed or written materials used and/or useful in the operation of the Business.

 

		(e)	50%
(fifty percent) of an amount equal to the Seller’s total cash, cash equivalents, short-term investments and marketable securities
minus the Seller’s estimated accounts payable at Closing Date (the “Buyer’s Share of the Closing Working Capital”),
subject to the “Working Capital Adjustment” described in Section 6.10.;

 

		(f)	all
assets identified on Schedule 1.1 (f);

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		(g)	all
recurring subscriptions paid to the Business and recurring payments to the business; and

 

		(h)	those
rights relating to deposits and prepaid expenses and claims for refunds and rights to offset in respect thereof listed on Schedule 1.1(h).

 

Section
1.2. “Excluded Assets” means:

 

		(a)	cash,
cash equivalents, short-term investments and marketable securities of Seller, less the amount of the Buyer’s Share of the Closing
Working Capital as described in Section 1.1 (e);

 

		(b)	the
assets, properties, and rights specifically listed and described on Schedule 1.2(b); and

 

		(c)	all
other assets of Seller not used in the operation of the Business.

 

Section
1.3. Assumption of Liabilities. Buyer shall not assume any liabilities of the Seller, except those liabilities relating to the Business
arising on or after the Closing Date, including without limitation the ongoing business of artist payments, music or related distribution
services or pending service offerings to be fulfilled and rendered by the Buyer following closing.

 

Section
1.4. Retained Liabilities. Notwithstanding anything to the contrary contained in Section 1.3 or elsewhere in this Agreement, Seller
shall maintain sole responsibility of, and solely shall retain, pay, perform any Liabilities arising out of or relating to the operation
of Seller’s business prior to the Closing, any Liability of Seller under this Agreement or any other document executed in connection
with the transactions contemplated hereby, including any Liability of Seller for expenses incurred by Seller or its Affiliates in connection
with this Agreement, or any Liability of Seller based upon Seller’s acts or omissions occurring after the Closing (collectively, the
“Retained Liabilities”).

 

Section
1.5. Purchase Price. The purchase price for the Assets (the “Purchase Price”)
shall be a number of shares of the Buyer’s common stock equal to 37% of the number of issued and outstanding shares of the
Buyer on the day immediately prior to Closing (the “Shares”). At the
end of 12 months following the Closing, in the event the number of Shares issued to Seller at the Closing has been diluted below 25%
of the total outstanding common shares as of such date, the Buyer shall issue to the Seller that additional number of shares necessary
so that the number of shares issued to Seller pursuant hereto is not less than 25% of the then-total issued and outstanding shares of
the Company (the “Anti-Dilution Shares”). Shares issued as consideration, including the Anti-Dilution Shares
will be subject to the following leak out provision, and shall bear a legend reflecting the same:

 

		(a)	for
a period of 12 months from the Closing Date, the holders of the Shares and the Anti-Dilution Shares shall be limited to selling not more
than 10% of the average daily trading volume, in the aggregate, on any given trading day;

 

		(b)	notwithstanding
the foregoing, Buyer acknowledges and agrees that Seller may direct that Buyer issue the Shares directly to certain convertible noteholders
of Seller, as Seller’s designee, without regard to the foregoing restriction, provided such Shares remain subject to the foregoing
restriction after such issuance and such Seller designee agrees to abide thereby.

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Section
1.6. Consulting Agreements. The Buyer and Nick Cianfaglione (the “Key Personnel”) will enter into one-year Consulting
Agreements in the form attached hereto, to reestablish working systems, technology connections, transitions and continued development
of the Assets and the Business, following the close of the transaction contemplated herein. These Key Personnel will provide detailed
descriptions of their responsibilities based on the experience and needs of the current state of the Assets, related to Buyer’s
ability to offer and/or restart services from the Seller’s offerings. The entry into the Consulting Agreements with each of the
Key Personnel are a material condition of this Agreement

 

Section
1.7. Closing. The closing of the transactions contemplated by this Agreement (the “Closing”) shall take place at
10:00 a.m., local time at the (offices or virtually) of Jonathan D. Leinwand, P.A., 18305 Biscayne Blvd., Suite 200, Aventura, FL 33160,
within three business days of Buyer giving Seller that the Conditions of Closing have been met. (the “Closing Date”).

 

Section
1.8. Conditions of Closing and Closing Obligations.

 

		(a)	As
a condition of Buyer’s obligation to close:

 

		(1)	Buyer
shall have determined that the Assets and the Business can be audited consistent with US GAAP and Regulation S-X (17 CFR Part 210)

 

		(2)	Buyer
shall have entered into the agreements as per Section 1.6.

 

		(3)	Seller
shall have provided buyer with:

 

		(i)	Any
documents listed on the Disclosure Schedules;

 

		(ii)	Access
to Seller’s customer lists, API’s, integrations, and such other things necessary for Buyer to complete its due diligence;

 

		(iii)	a
certified resolution of the Board of Directors approving the Agreement and the transaction;

 

		(iv)	A
certificate of evidencing that the sale of the Assets as contemplated hereby has been approved by the shareholders of the Seller;

 

		(v)	Any
third party consents required to transfer any contracts to the Buyer or are otherwise required to transfer the Assets including releases
from the Parties listed on Schedule 5.1(c).

 

		(vi)	Executed
satisfaction of note and release of secured interest by Connecticut Innovations

 

		(b)	In
addition to any other documents to be delivered under other provisions of this Agreement, on or before Closing:

 

		(1)	Seller
will have delivered to Buyer, together with funds sufficient to pay all Taxes necessary for the transfer, filing or recording thereof:

 

		(i)	a
bill of sale for all the Assets that are tangible personal property in a form reasonably satisfactory to the Buyer (the “Bill
of Sale”), duly executed by Seller.

 

		(ii)	an
assignment of all the Assets that are intangible personal in a form reasonably satisfactory to the Buyer, which assignment shall also
contain Buyer’s undertaking and assumption of the Assumed Liabilities (the “Assignment and Assumption Agreement”),
duly executed by Seller.

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		(iii)	assignments
of all Intellectual Property Assets and separate assignments of all registered Marks, Patents and Copyrights each in a form reasonably
satisfactory to the Buyer, duly executed by Seller.

 

		(c)	Buyer
shall deliver to Seller:

 

		(1)	Certificates
or other evidence of the issuance of the Common Shares of the Buyer being transferred to the Seller, less 10% of the total number of
Shares to be delivered, to be held until the Seller delivers to Buyer the financial statements for the yearly period ending December
31, 2020, and the interim period ended September 30, 2021, in accordance with US GAAP (the “Seller Financial Statements”).
Should Seller fail to deliver the Seller Financial Statements within 15 business days of the Closing the held back shares shall be forfeited
to the Buyer; and

 

		(2)	the
Assignment and Assumption Agreement, duly executed by Buyer.

 

ARTICLE
II. REPRESENTATIONS AND WARRANTIES OF SELLER.

 

Seller
hereby represents and warrants to Buyer as follows:

 

Section
2.1. Authorization. Seller has the requisite power and authority to execute and deliver this Agreement and to consummate the transactions
contemplated hereby and to perform its obligations hereunder. The execution, delivery and performance by Seller of this Agreement, and
the consummation of the transactions contemplated hereby, have been duly and validly authorized without the need of approval from any
other party.1 This Agreement has been duly and validly executed and delivered by Seller and, assuming this Agreement constitutes
the legal, valid and binding agreement of Buyer, constitutes a legal, valid and binding agreement of Seller enforceable against each
of Buyer and Seller in accordance with its terms, except to the extent that enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium and similar Laws, now or hereafter in effect, affecting creditors’ rights generally and by general principles
of equity. Upon the execution and delivery by Seller of any other document to which Seller is a party in connection with this Agreement,
other than this Agreement and the Disclosure Schedules hereto, each of such other documents will constitute the legal, valid and binding
obligation of Seller, enforceable against Seller in accordance with its terms, except to the extent that enforceability may be limited
by applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws, now or hereafter in effect, affecting creditors’ rights
generally and by general principles of equity.

 

 

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Section
2.2. Non-Contravention; Filings and Consents.

 

		(a)	The
execution, delivery and performance by Seller of this Agreement and the consummation by Seller of the transactions contemplated hereby
do not and will not (with or without notice or lapse of time, or both):

 

		(1)	contravene,
conflict with or result in a violation or breach of any provision of any Law or Order.

 

		(2)	require
any consent or approval under, violate, conflict with, result in any breach of or any loss of any benefit under, or constitute a change
of control or Default under, or result in termination or give to others any right of termination, vesting, amendment, acceleration or
cancellation of any Contract to which Seller is a party, or by which its properties or assets may be bound or affected or any Governmental
Authority affecting, or relating in any way to the Business; or

 

		(3)	result
in the imposition or creation of any Lien on, or with respect to, any of the Assets.

 

		(b)	The
execution, delivery and performance of this Agreement by Seller and the consummation of the transactions contemplated hereby by Seller
do not and will not require any consent, approval, authorization or permit of, action by, filing with or notification to, any Governmental
Authority, other than any actions or filings the absence of which would not reasonably be expected to have, individually or in the aggregate,
a Material Adverse Effect. For purposes of this Agreement, “Governmental Authority” means any national, state, or local,
domestic or foreign or international, government or any judicial, legislative, executive, administrative or regulatory authority, tribunal,
agency, body, entity or commission or other governmental, quasi-governmental or regulatory authority or agency, domestic or foreign or
international.

 

Section
2.3. Labor and Employment Matters.

 

		(a)	Seller
is not a party to, bound by or subject to, or is currently negotiating in connection with entering into, any collective bargaining agreement
or understanding with a labor union or organization. None of the employees of Seller is represented by any union with respect to his
or her employment by Seller. There is no claim or grievance pending or, to the Knowledge of Seller, threatened against Seller relating
to terms and conditions of employment or unfair labor practices, including charges of unfair labor practices or harassment complaints.
To the Knowledge of Seller, there is no activity or proceeding by a labor union or representative thereof to organize any employees of
Seller, nor have there been any strikes, slowdowns, work stoppages or threats thereof by or with respect to such employees during the
last three years.

 

		(b)	To
the Knowledge of Seller, no officer, director, agent, employee, consultant, or contractor of Seller with respect to the Business is bound
by any Contract that purports to limit the ability of such officer, director, agent, employee, consultant, or contractor (i) to engage
in or continue or perform any conduct, activity, duties or practice relating to the Business or (ii) to assign to Seller or to any other
Person any rights to any invention, improvement, or discovery. No former or current employee of the Business is a party to, or is otherwise
bound by, any Contract that in any way adversely affected, affects, or will affect the ability of Seller or Buyer to conduct the business
as heretofore carried on by Seller.

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Section
2.4. Litigation.

 

		(a)	Except
as set forth in Schedule 2.4 of the Disclosure Schedule, there is no complaint, claim, action, suit, litigation, proceeding or governmental
or administrative investigation pending or, to the Knowledge of Seller, threatened against or affecting Seller, including in respect
of the transactions contemplated hereby that, individually or in the aggregate, would reasonably be expected to have a Material Adverse
Effect. Seller is not subject to any outstanding Order (i) that prohibits Seller from conducting the Business as now conducted or proposed
to be conducted or (ii) that would, individually or in the aggregate, have had or would reasonably be expected to have had a Material
Adverse Effect.

 

		(b)	To
the Knowledge of Seller, except as set forth in Schedule 2.4 of the Disclosure Schedule, no event has occurred or circumstance exists
that is reasonably likely to give rise to or serve as a basis for the commencement of any complaint, claim, action, suit, litigation,
proceeding or governmental or administrative investigation that, individually or in the aggregate, would reasonably be expected to have
a Material Adverse Effect. Seller has delivered to Buyer copies of all pleadings, correspondence and other documents relating to each
item listed in Section 2.4 of the Disclosure Schedule (if any).

 

Section
2.5. Tax Matters.

 

		(a)	Seller
                                            has timely filed all federal, state, local and foreign Tax returns, estimates, information
                                            statements and reports relating to all Taxes of Seller, or its operations (the “Tax
                                            Returns”) required to be filed by Law by Seller as of the date hereof. All such
                                            Tax Returns are true, correct, and complete in all material respects, and Seller has timely
                                            paid all Taxes attributable to Seller that were due and payable by it as shown on such Tax
                                            Returns, except with respect to matters contested in good faith.

 

		(b)	As
of the date of this Agreement, there is no written claim or assessment pending or, to the Knowledge of Seller, threatened against Seller
for any alleged deficiency in Taxes of Seller related to the Business, and there is no audit or investigation with respect to any liability
of Seller for Taxes. Seller has not waived any statute of limitations with respect to material Taxes or agreed to any extension of time
with respect to a material Tax assessment or deficiency.

 

		(c)	For
purposes of this Agreement, “Tax” or, collectively, “Taxes” shall mean any and all U.S. federal, state,
local and non-U.S. taxes, assessments and other governmental charges, duties (including stamp duty), impositions and liabilities, including
capital gains tax, taxes based upon or measured by gross receipts, income, profits, sales, use and occupation, and value added, ad valorem,
transfer, franchise, withholding, payroll, recapture, employment, escheat, excise and property taxes as well as public imposts, fees
and social security charges (including health, unemployment, workers’ compensation and pension insurance), together with all interest,
penalties, and additions imposed by a Governmental Authority with respect to such amounts.

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Section
2.6. Compliance with Laws; Permits.

 

		(a)	Seller
                                            has not been in conflict with, in Default or, with notice, lapse of time or both, would be
                                            in Default, with respect to or in violation of any (i) statute, law, ordinance, rule, regulation
                                            or requirement of a Governmental Authority (each, a “Law”) or (ii) order,
                                            judgment, writ, decree or injunction issued by any court, agency or other Governmental Authority
                                            (each, an “Order”) applicable to Seller or by which any property or asset
                                            of Seller is bound or affected.

 

		(b)	Seller
has not received any written notice

 

		(1)	of
any Default or violation as described in clause (a) above.

 

		(2)	of
any administrative, civil, or criminal investigation or audit by any Governmental Authority relating to Seller; or

 

		(3)	from
any Governmental Authority alleging that Seller is not in compliance with any Law or Order.

 

		(c)	Seller
                                            has all permits, licenses, authorizations, consents, approvals, and franchises from Governmental
                                            Entities required to conduct the Business as currently conducted (“Permits”)
                                            and such Permits are valid and in full force and effect. Seller complies with the terms of
                                            such Permits and, as of the date of this Agreement, has not received written notice from
                                            any Governmental Authority threatening to revoke, or indicating that it is investigating
                                            whether to revoke, any such Permit.

 

Section
2.7. Intellectual Property.

 

		(a)	Seller
                                            owns or is validly licensed or otherwise has the right to use all patents, inventions, copyrights,
                                            software, trademarks, service marks, domain names, trade dress trade secrets and all other
                                            intellectual property rights of any kind or nature (“Intellectual Property”)
                                            used in the Business as currently conducted.

 

		(b)	To
the Knowledge of the Seller, the Intellectual Property used by Seller does not infringe, misappropriate, or otherwise violate the Intellectual
Property of any third party.

 

		(c)	Seller
has not received any written charge, complaint, claim, demand, or notice alleging any such Intellectual Property infringement, misappropriation,
or other violation (including any claim that Seller must license or refrain from using any Intellectual Property of any third party).

 

		(d)	To
Seller’s Knowledge no third party has infringed upon, misappropriated, or otherwise violated any Intellectual Property owned by
Seller. Seller makes commercially reasonable efforts to protect and maintain its Intellectual Property.

 

Section
2.8. Material Contracts.

 

		(a)	Schedule
                                            2.8 of the Disclosure Schedule lists as of the date hereof, and Seller has made available
                                            to Buyer true, correct and complete copies of each of the following contracts (each, a “Material
                                            Contract”) to which Seller is a party or which bind or affect its properties or
                                            assets (including leases, subleases or other agreements for leased real property, and excluding
                                            Employee Plans):

 

		(1)	contracts
containing provisions that limit the ability of Seller (or which, following the consummation of the transactions contemplated hereby,
could restrict the ability of Buyer) to compete in any business or with any Person or in any geographic area, or to sell, supply or distribute
any of Seller’s services or products (including any non-compete, exclusivity, “most-favored-nation” or similar requirements)
or pursuant to which any benefit or right is required to be given or lost, or any penalty or detriment is incurred, as a result of so
competing or engaging;

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		(2)	contracts
                                            that provide for or govern the formation, creation, operation, management or control of any
                                            strategic partnership, joint venture, joint development, or similar arrangement or partnership.

 

		(b)	(i)
                                            each Material Contract is valid and binding on Seller that is a party thereto and, to the
                                            Knowledge of Seller, each other party thereto, and is in full force and effect and enforceable
                                            in accordance with its terms, except to the extent enforceability may be subject to applicable
                                            bankruptcy, insolvency, reorganization, moratorium or other similar Laws, now or hereafter
                                            in effect, relating to creditors’ rights generally, and to general equitable principles,
                                            and unless expired or terminated in accordance with its terms; (ii) Seller and, to the Knowledge
                                            of Seller, each other party thereto, have performed and complied with all obligations required
                                            to be performed or complied with by them under each Material Contract; and (iii) there is
                                            no Default under any Material Contract by Seller or, to the Knowledge of Seller, by any other
                                            party, and no event has occurred that with the lapse of time or the giving of notice or both
                                            would constitute a Default thereunder by Seller or, to the Knowledge of Seller, by any other
                                            party thereto.

 

Section
2.9. Anticorruption. Seller, including its employees,
directors, agents or other Persons acting on their behalf, have not, directly or indirectly, taken any action that would cause Seller
to be in violation of the Foreign Corrupt Practices Act of 1977, as amended (the “FCPA”),
or any other anticorruption or anti-bribery Laws applicable to Seller (collectively with the FCPA, the “Anticorruption
Laws”). Seller, including its employees, directors, agents or other persons acting on their behalf, have not, directly
or indirectly, corruptly given, loaned, paid, promised, offered or authorized payment of money or anything of value to any “foreign
official” as defined in the FCPA or, in violation of Law, to any other government official, to secure any improper advantage or
to obtain or retain business for any Person or to achieve any other purpose prohibited by the Anticorruption Laws. Seller has established
and implemented reasonable internal controls and procedures intended to ensure compliance with the Anticorruption Laws.

 

Section
2.10. Brokers; Certain Expenses. No agent, broker,
investment banker, financial advisor or other firm or Person, whose fees and expenses shall be paid solely by Seller, is or shall be
entitled to receive any brokerage, finder’s, financial advisors, transaction or other fee or commission in connection with this
Agreement or the transactions contemplated hereby based upon agreements made by or on behalf of Seller.

 

Section
2.11. Adequacy of Assets.

 

		(a)	The
                                            Assets include, and upon the purchase of the Assets Buyer will own or have the uncontested
                                            right to use, all rights, properties (including Seller’s Intellectual Property), interests
                                            in properties, and assets necessary to permit Buyer to carry on the Business as presently
                                            conducted by Seller.

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		(b)	Seller
                                            owns good and transferable title to all of the Assets, free and clear of any Liens other
                                            than Permitted Liens.

 

Section
2.12. Tangible Personal Property. Each item of tangible
personal property included in the Assets is in good repair and good operating condition, ordinary wear and tear excepted, is suitable
for immediate use in the ordinary course of business. No item of tangible personal property needs repair or replacement other than as
part of routine maintenance in the ordinary course of business. Except as disclosed on Schedule 2.12 of the Disclosure Schedule, all
tangible personal property used in the Business is in the possession of Seller.

 

Section
2.13. Solvency. Seller is not now insolvent and
will not be rendered insolvent by any of the transactions contemplated hereby. As used in this section, “insolvent” means that
the sum of the debts and other probable liabilities of Seller exceeds the present fair saleable value of Seller’s assets.

 

Section
2.14. Books and Records. The books of account and
other financial records of Seller, all of which have been made available to Buyer are materially complete and correct and represent actual,
bona fide transactions and have been maintained materially in accordance with sound business practices and the requirements of Section
13(b)(2) of the Securities and Exchange Act of 1934, as amended (regardless of whether Seller is subject to that Section or not), including
the maintenance of a materially adequate system of internal controls.

 

Section
2.15. Correctness of Representations. No representation
or warranty of Seller in this Agreement or in any Exhibit, certificate, or Schedule attached hereto or furnished pursuant hereto, contains,
or on the Closing Date will contain, any untrue statement of material fact or omits, or on the Closing Date will omit, to state any fact
necessary in order to make the statements contained therein not misleading in any material respect, and all such statements, representations,
warranties, Exhibits, certificates, and Schedules shall be true and complete in all material respects on and as of the Closing Date as
though made on that date. Seller does not have Knowledge of any fact that has specific application to Seller (other than general economic
or industry conditions) and that may materially adversely affect the assets, business, prospects, financial condition or results of operations
of Seller that has not been set forth in this Agreement or the Disclosure Schedules hereto.

 

ARTICLE
III. REPRESENTATIONS AND WARRANTIES OF BUYER.

 

Buyer
represents and warrants to Seller as follows:

 

Section
3.1. Organization. Buyer is a corporation duly organized,
validly existing and in good standing under the laws of the jurisdiction of its incorporation and has the requisite corporate power to
carry on its business as now conducted.

 

Section
3.2. Authority for this Agreement. Buyer has all
necessary corporate power and authority to enter into this Agreement and to consummate the transactions contemplated by this Agreement.
The execution and delivery of this Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby have been
duly and validly authorized by all necessary corporate action on the part of Buyer and no other corporate proceedings on the part of
Buyer are necessary to authorize this Agreement or to consummate the transactions contemplated by this Agreement. This Agreement has
been duly executed and delivered by Buyer and, assuming due authorization, execution, and delivery of this Agreement by Seller, constitutes
a legal, valid and binding agreement of Buyer, enforceable in accordance with its terms against Buyer, except as enforceability may be
limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to creditors’ rights generally and
by general principles of equity.

    11

     

    

Section
3.3. Consents and Approvals. The execution and delivery
of this Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby require no consent, approval, authorization
or filing with or notice to any Governmental Authority other than any actions or filings the absence of which are not reasonably likely
to prevent, materially delay or materially impair the ability of Buyer to consummate the transactions contemplated by this Agreement.

 

Section
3.4. Non-Contravention. The execution, delivery
and performance of this Agreement by Buyer and the consummation of the transactions contemplated by this Agreement do not and will not
(with or without notice or lapse of time or both) (i) contravene, conflict with, or result in any violation or breach of any provision
of the certificate of incorporation or bylaws of Buyer; (ii) assuming compliance with the matters referred to in Section 3.3, contravene,
conflict with or result in a violation or breach of any Law or Order; or (iii) require any consent or approval under, violate, conflict
with, result in any breach of any loss of any benefit under, or constitute a change of control or Default under, or result in termination
or give to others any right of termination, vesting, amendment, acceleration or cancellation of any Contract to which Buyer is a party,
or by which its properties or assets may be bound or affected, with such exceptions, in the case of each of clauses (ii) and (iii) of
this section, as would not reasonably be expected to prevent, materially delay or materially impair the ability of Buyer to consummate
the transactions contemplated by this Agreement.

 

Section
3.5. Valid Issuance of Shares. The Shares, when
issued, sold and delivered in accordance with the terms and for the consideration set forth in this Agreement, will be validly issued,
fully paid and nonassessable and free of restrictions on transfer other than restrictions on transfer hereunder and under applicable
state and federal securities laws.

 

Section
3.6. Independent Investigation. Buyer has conducted
its own independent investigation, review and analysis of the Business and the Assets, and acknowledges that it has been provided adequate
access to the personnel, properties, assets, premises, books and records, and other documents and data of Seller for such purpose. Buyer
acknowledges and agrees that: (a) in making its decision to enter into this Agreement and to consummate the transactions contemplated
hereby, Buyer has relied solely upon its own investigation and the express representations and warranties of Seller set forth herein
(including related portions of the Disclosure Schedules); and (b) neither Seller nor any other Person has made any representation or
warranty as to Seller, the Business, the Assets or this Agreement, except as expressly set forth herein.

 

ARTICLE
IV. COVENANTS.

 

Section
4.1. Press Releases. Buyer shall provide prior notice
and reasonable period of time in which to comment upon any press releases or making any other public statement with respect to this Agreement
or the transaction contemplated hereby.

    12

     

    

Section
4.2. Payment of All Taxes Resulting from Sale of Assets by Seller. Seller
shall pay in a timely manner all Taxes resulting from or payable in connection with the sale of the Assets pursuant to this Agreement,
regardless of the person or entity on whom such Taxes are imposed by Laws. Under no circumstances shall this Section 4.2 be interpreted
to (a) obligate Seller to pay the income Taxes of any of its shareholders or (b) create any rights, as a third-party beneficiary or otherwise,
in favor of any person or entity other than Buyer or Seller.

 

Section
4.3. Payment of Other Retained Liabilities. In addition
to payment of Taxes pursuant to Section 4.2, Seller shall pay, or make adequate provision for the payment, in full all the Retained Liabilities.

 

Section
4.4. Reports and Returns. After the Closing, Seller
promptly shall prepare and file all reports and returns required by Laws relating to the business of Seller as conducted using the Assets,
to and including the Closing.

 

Section
4.5. Further Assurances; Survival. At Closing, and
from time to time thereafter, Seller shall do all such additional and further acts, and shall execute and deliver all such additional
and further instruments and documents, as Buyer or Buyer’s counsel may reasonably require fully to vest in and assure to Buyer full
right, title and interest in and to the Property to the full extent contemplated by this Agreement and otherwise to effectuate the purchase
and sale of the Property as contemplated by and provided for in this Agreement. All the provisions of this Agreement (including, without
limitation, the representations, covenants and warranties of Seller as set forth in this Agreement), shall survive the consummation of
the purchase and sale of the Assets on the Closing Date, and the payment of the Purchase Price for a period of two year(s) following
the Closing Date. Notwithstanding anything to the contrary contained herein, the survival of any claim or cause of action for any intentional
misrepresentation shall be for the period of the applicable statute of limitations following the Closing Date. The indemnification provisions
of this Agreement shall survive both Closing and any termination of this Agreement.

 

Section
4.6. Customer and Other Business Relationships. After
the Closing, Seller will provide reasonable cooperation to Buyer in its efforts to continue and maintain for the benefit of Buyer those
business relationships of Seller existing prior to the Closing and relating to the Business, including relationships with lessors, employees,
regulatory authorities, licensors, customers, suppliers and others, and Seller will satisfy the Retained Liabilities in a manner that
is not detrimental to any of such relationships. Seller will refer to Buyer all inquiries relating to the Business. Seller shall not
and shall use its best efforts to be sure that none of its officers, employees, agents or shareholders shall, take any action that would
tend to diminish the value of the Assets after the Closing or that would interfere with the Business, including disparaging the name
of the Business.

 

Section
4.7. Retention of and Access to Records. After the
Closing Date, Buyer shall retain for a period consistent with Buyer’s record-retention policies and practices those records of Seller
delivered to Buyer. Seller shall have the right to retain copies of all such records for all legitimate purposes of Seller, including
preparation of financial statements and tax returns. Buyer also shall provide reasonable access thereto, during normal business hours
and on at least three days’ prior written notice, to enable them to prepare financial statements or tax returns or deal with tax
audits. After the Closing Date, Seller shall provide Buyer reasonable access to records that are Excluded Assets, during normal business
hours and on at least three days’ prior written notice, for any reasonable business purpose specified by Buyer in such notice. Prior
to the destruction of any records of Seller delivered to Buyer, Buyer shall notify Seller of such proposed destruction and shall offer
Seller the option, exercisable within 30 days after Seller’s receipt of such notice, to retake possession and ownership of any such
Records.

    13

     

    

Section
4.8. Reliance
on Exemptions. Seller understands that the
Buyer’s common shares are being issued in reliance on specific exemptions from the registration requirements of U.S. federal and
state securities laws and that the Buyer is relying in part upon the truth and accuracy of, and the Seller’s compliance with, the
representations, warranties, agreements, acknowledgments and understandings of the Seller set forth herein in order to determine the
availability of such exemptions and the eligibility of the Seller to acquire the Securities. The Seller understands that (i) the Securities
may not be offered for sale, sold, assigned or transferred unless (A) registered pursuant to the Securities Act or (B) an exemption exists
permitting such Securities to be sold, assigned or transferred without such registration; and (ii) any sale of the Securities made in
reliance on Rule 144 may be made only in accordance with the terms of Rule 144 and further, if Rule 144 is not applicable, any resale
of the Securities under circumstances in which the seller (or the Person through whom the sale is made) may be deemed to be an underwriter
(as that term is defined in the Securities Act) may require compliance with some other exemption under the Securities Act or the rules
and regulations of the Commission thereunder. Notwithstanding the foregoing, Buyer understands that Seller may direct that certain Shares
be issued directly to certain convertible noteholders of Seller, as Seller’s designee(s), to satisfy the Retained Liabilities or
otherwise wind-down the Seller’s business.

 

Section
4.9. The Seller understands that until such time
as the Shares have been registered under the 1933 Act or may be sold pursuant to Rule 144 or Regulation S without any restriction as
to the number of Shares as of a particular date that can then be immediately sold, the Shares may bear a restrictive legend in substantially
the following form (and a stop-transfer order may be placed against transfer of the certificates for such Shares):

 

“NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED
FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM,
THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE I44A UNDER SAID ACT. NOTWITHSTANDING
THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED
BY THE SECURITIES.”

 

The
legend set forth above shall be removed and the Company shall issue a certificate without such legend to the holder of any Shares upon
which it is stamped, if, unless otherwise required by applicable state securities laws, (a) such Shares are registered for sale under
an effective registration statement filed under the 1933 Act or otherwise may be sold pursuant to Rule 144 or Regulation S without any
restriction as to the number of securities as of a particular date that can then be immediately sold, or (b) such holder provides the
Company with an opinion of counsel, in form, substance and scope customary for opinions of counsel in comparable transactions, to the
effect that a public sale or transfer of such Shares may be made without registration under the 1933 Act, which opinion shall be accepted
by the Company so that the sale or transfer is affected. The Buyer agrees to sell all Shares, including those represented by a certificate(s)
from which the legend has been removed, in compliance with applicable prospectus delivery requirements, if any. Nothing herein shall
be construed as conferring registration rights to the Seller or any holder of the Shares or the Anti-Dilution Shares. 

    14

     

    

Section
4.10. In addition to any restriction or volume limitation required by law, Seller or anyone to whom Seller transfers the Shares
during the 12-month period immediately following Closing, except for sales in open market transactions through a registered broker-dealer
shall, in the aggregate sell no more than that number of shares equal to or less than 1 % of the total issued and outstanding
shares of the Company in any 90-day period. Notwithstanding the foregoing, Buyer acknowledges and agrees that Seller may direct
that Buyer issue the Shares directly to certain convertible noteholders of Seller, as Seller’s designees, without regard
to the foregoing restriction, provided such Shares remain subject to the foregoing restriction after such issuance. Further, Buyer
shall file and keep current with the SEC all reports required of it under applicable securities laws.

 

ARTICLE
V. INDEMNIFICATION.

 

Section
5.1. Indemnification by Seller. Seller shall defend, indemnify, and hold harmless Buyer and its respective directors, officers, employees
and agents from and against any and all claims (including without limitation any investigation, action or other proceeding, damages,
losses, liabilities, costs and expenses (including without limitation reasonable attorneys’ fees and court costs)) (“Losses”) that
constitute, or arise out of or in connection with:

 

(a)        any misrepresentation or breach of warranty under Article II;

 

(b)        any default by Seller in the performance or observance of any of its covenants or agreements under this Agreement; or

 

(c)        any liability set forth on Schedule 5.1(c); and

 

(d)        any Retained Liabilities.

 

Section
5.2. Survival of Representations and Warranties. All representations and warranties made hereunder shall survive the Closing
Date and shall remain in effect until the date that is eighteen (18) months following the Closing Date and shall remain effective
regardless of any investigation at any time made by or on behalf of either party or of any information either party may have in
respect thereof. All covenants made hereunder or pursuant hereto or in connection with the transactions contemplated hereby shall
survive the date hereof and the Closing Date.

 

Section
5.3. Limitations on Indemnification.

 

		(a)	Seller
shall not be liable to Buyer from indemnification under Section 5.1(a) until the aggregate amount of Losses exceeds $10,000, in
which event the Seller shall only be required to be liable for such Losses in excess of such amount.

    15

     

    

		(b)	The
aggregate amount of all Losses for which Seller shall be liable pursuant to this Article V shall not exceed an amount equal to
100% of the Purchase Price.

 

		(c)	Notwithstanding
anything herein to the contrary, Buyer’s first recourse for any Losses properly due and owing hereunder shall be to offset
the value of such Losses against outstanding Shares held by Seller (using the value of the Shares as of the date of offset).

 

		(d)	Losses
owing by Seller pursuant to this Article V shall be reduced by an amount equal to any Tax benefit realized or reasonably expected
to be realized as a result of such Loss by Buyer. All indemnification payments made under this Agreement shall be treated by the
parties as an adjustment to the Purchase Price for Tax purposes, unless otherwise required by Law.

 

		(e)	In
no event shall Seller be liable to Buyer for any punitive, incidental, consequential, special or indirect damages, including loss
of future revenue or income, loss of business reputation or opportunity relating to the breach or alleged breach of this Agreement,
or diminution of value or any damages based on any type of multiple.

 

		(f)	Buyer
shall take, and cause its Affiliates to take, all reasonable steps to mitigate any Loss upon becoming aware of any event or circumstance
that would be reasonably expected to, or does, give rise thereto, including incurring costs only to the minimum extent necessary
to remedy the breach that gives rise to such Loss.

 

		(g)	Buyer
acknowledges and agrees that its sole and exclusive remedy with respect to any and all claims (other than claims arising from
fraud for any breach of any representation, warranty, covenant, agreement or obligation set forth herein or otherwise relating
to the subject matter of this Agreement, shall be pursuant to the indemnification provisions set forth in this Article V.

 

ARTICLE
VI. MISCELLANEOUS.

 

Section
6.1. Entire Agreement; Assignment; Amendments. This Agreement (including the Disclosure Schedule and the exhibits and schedules
to this Agreement) constitutes the entire agreement and supersedes all oral agreements and understandings and all written agreements
prior to the date hereof between or on behalf of the parties with respect to the subject matter hereof. This Agreement shall not
be assigned by any party by operation of law or otherwise without the prior written consent of the other parties hereto. This
Agreement may be amended only by a writing signed by each of the parties, and any amendment shall be effective only to the extent
specifically set forth in that writing.

 

Section
6.2. Severability; Expenses; Further Assurances. If any term, condition, or other provision of this Agreement is determined
by a court of competent jurisdiction to be invalid, illegal, or incapable of being enforced by any rule of Law or public policy,
all other terms, 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 contemplated by this Agreement is not affected in any manner materially adverse
to any party. Upon such determination that any term or other provision is invalid, illegal, or incapable of being enforced, the
parties hereto shall negotiate in good faith to modify this Agreement to affect the original intent of the parties as closely
as possible in a mutually acceptable manner in order that the transactions contemplated by this Agreement be consummated as originally
fully contemplated possible. Except as otherwise specifically provided in this Agreement, each party shall be responsible for
the expenses it may incur in connection with the negotiation, preparation, execution, delivery, performance, and enforcement of
this Agreement. The parties shall from time to time do and perform any additional acts and execute and deliver any additional
documents and instruments that may be required by Law or reasonably requested by any party to establish, maintain, or protect
its rights and remedies under, or to affect the intents and purposes of, this Agreement.

    16

     

    

Section
6.3. Notices. Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall
be in writing and shall be deemed given and effective on the earliest of (a) upon confirmation of receipt by the addressee, if
such notice or communication is delivered via facsimile or e-mail to the facsimile telephone number or e-mail address, as applicable,
specified in this Section 6.3 or (b) upon receipt at address of the addressee specified in this Section 6.3, if such notice or
communication is delivered by U.S. mail, courier or other physical delivery service. The addresses for such notices and communications
shall be as follows:

 

If
to Buyer, to:

 

FRIENDABLE
INC.

1821
S Bascom Ave.

Suite
353

Campbell,
CA 95008

E-mail:
robert@fanpasslive.com

Attention: Robert A. Rositano Jr.

 

with
a copy (which will not constitute notice to Buyer) to:

 

JONATHAN
D. LEINWAND, P.A.

18305
Biscayne Blvd., Suite 200

Aventura, FL 33160

Facsimile: 954-903-7856

E-mail:
jonathan@jdlpa.com

Attention: Jonathan Leinwand

 

If
to Seller, to:

 

ARTIST
REPUBLIK

[ADDRESS]

Facsimile:
[ 203-623-6740            ]

E-mail:
[ Nick@artistrepublik.com   ]

Attention:
[ Nick Cianfaqlione       ]

 

with a copy (which will not constitute notice to Seller) to:

 

Hinckley
Allen & Snyder LLP

100 Westminster Street, Suite 1500

Providence, RI 02903

E-mail:
dhirsch@hinckleyallen.com

Attention:
David Hirsch

 

or
to such other address as the Person to whom notice is given may have previously furnished to the others in writing in the manner
set forth above. Rejection or other refusal to accept or the inability for delivery to be affected because of changed address
of which no notice was given shall be deemed to be receipt of the notice as of the date of such rejection, refusal or inability
to deliver.

    17

     

    

Section
6.4. Governing Law. This Agreement, and any dispute arising out of, relating to, or in connection with this Agreement, shall
be governed by and construed in accordance with the Laws of the State of Nevada, without giving effect to any choice or conflict
of Law provision or rule that would cause the application of the Laws of any jurisdiction other than the State of Nevada.

 

Section
6.5. Descriptive Headings. The descriptive headings herein are inserted for convenience of reference only and are not intended
to be part of or to affect the meaning or interpretation of this Agreement.

 

Section
6.6. Parties in Interest. This Agreement shall be binding upon and inure solely to the benefit of each party hereto, and nothing
in this Agreement, express or implied, is intended to confer upon any other Person any rights or remedies of any nature whatsoever
under or by reason of this Agreement.

 

Section
6.7. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all
of which, taken together, shall constitute one and the same agreement. At the Closing, signature pages of counterparts may be
exchanged by facsimile or by electronic transmittal of scanned images thereof, in each case subject to appropriate customary confirmations
in respect thereof by the signatory for the party providing a

 

Section
6.8. Certain Definitions. For purposes of this Agreement, the following terms shall have the following meanings:

 

“Affiliate”
shall mean, with respect to any Person, any other Person which directly or indirectly controls, is controlled by, or is under
common control with such Person. For the purposes of this definition, “control” (including the terms “controlled
by” and “under common control with”), with respect to the relationship between or among two or more Persons, shall
mean the possession, directly or indirectly, of the power to direct or cause the direction of the affairs or management of a Person,
whether through the ownership of voting securities, by agreement or otherwise.

 

“Code”
means the Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated thereunder.

    18

     

    

“Default”
means any breach or violation of, default under, contravention of, or conflict with, any contract, Law, Order, or Permit,
any occurrence of any event that with the passage of time or the giving of notice or both would constitute a breach or violation
of, default under, contravention of, or conflict with, any contract, Law, Order, or Permit, or any occurrence of any event that
with or without the passage of time or the giving of notice would give rise to a right of any Person to exercise any remedy or
obtain any relief under, terminate or revoke, suspend, cancel, or modify or change the current terms of, or renegotiate, or to
accelerate the maturity or performance of, or to increase or impose any liability under, any contract, Law, Order, or Permit.

 

“GAAP”
means United States generally accepted accounting principles and practices in effect from time to time applied consistently
throughout the periods involved.

 

“IRS”
means the Internal Revenue Service of the United States of America.

 

“Knowledge”
of Seller with respect to any fact or matter means the actual knowledge, after due inquiry and reasonable investigation, of
Seller’s officers listed in Schedule 6.8.

 

“Liability”
means, with respect to any Person, any liability or obligation of such Person of any kind, character or description, whether
known or unknown, absolute or contingent, accrued or unaccrued, disputed or undisputed, liquidated or unliquidated, secured or
unsecured, joint or several, due or to become due, vested or unvested, executory, determined, determinable or otherwise, and whether
or not the same is required to be accrued on the financial statements of such Person.

 

“Lien”
means, with respect to any property or asset, all pledges, liens, mortgages, charges, encumbrances, hypothecations, options,
rights of first refusal, rights of first offer and security interests of any kind or nature whatsoever.

 

“Material
Adverse Effect” means any state of facts, change, development, event, effect, condition, occurrence, action or omission
that, individually or in the aggregate, is reasonably expected to result in a material adverse effect on the business, prospects,
assets, properties, financial condition, results of operations or prospects of Seller, taken as a whole, or prevent, materially
impede or materially delay the consummation by Seller of the transactions contemplated by this Agreement.

 

“Permitted
Lien” means (i) Liens for Taxes not yet due and payable or that are being contested in good faith and by appropriate
proceedings and for which adequate reserves in accordance with GAAP have been established; (ii) mechanics’, carriers’, workmen’s,
repairmen’s, materialmen’s and other Liens arising by operation of Law; (iii) Liens or security interests that arise or are incurred
in the ordinary course of business relating to obligations not yet due on the part of Seller or secure a liquidated amount that
are being contested in good faith and by appropriate proceedings and for which adequate reserves in accordance with GAAP have
been established; (iv) pledges or deposits to secure obligations under workers’ compensation Laws or similar Laws or to secure
public or statutory obligations; (v) pledges and deposits to secure the performance of bids, trade contracts, leases, surety and
appeal bonds, performance bonds and other obligations of a similar nature, in each case in the ordinary course of business; (vi)
easements, encroachments, declarations, covenants, conditions, reservations, limitations and rights of way (unrecorded and of
record) and other similar restrictions or encumbrances of record, zoning, building and other similar ordinances, regulations,
variances and restrictions, and all defects or irregularities in title, including any condition or other matter, if any, that
may be shown or disclosed by a current and accurate survey or physical inspection; (vii) pledges or deposits to secure the obligations
under the existing indebtedness of Seller; (viii) all Liens created or incurred by any owner, landlord, sublandlord or other Person
in title; and (ix) any other Liens which do not materially interfere with Seller’s use and enjoyment of real property or
materially detract from or diminish the value thereof.

    19

     

    

“Person”
shall mean an individual, partnership, corporation, business trust, limited liability company, limited liability partnership, joint
stock company, trust, unincorporated association, joint venture or other entity or a Governmental Authority.

 

“Transfer
Taxes” means all sales, use, transfer and all other non-income taxes, and any fees incurred in connection with the purchase
and sale of the Assets.

 

Section
6.9. Interpretation. The words “hereof,” “herein,” “hereby,” “herewith” and words
of similar import shall, unless otherwise stated, be construed to refer to this Agreement as a whole and not to any particular provision
of this Agreement, and article, section, paragraph, exhibit, and schedule references are to the articles, sections, paragraphs, exhibits
and schedules of this Agreement unless otherwise specified. Whenever the words “include,” “includes” or “including”
are used in this Agreement they shall be deemed to be followed by the words “without limitation.” The words describing the
singular number shall include the plural and vice versa, words denoting either gender shall include both genders and words denoting natural
Persons shall include all Persons and vice versa. The phrases “the date of this Agreement,” “the date hereof,”
“of even date herewith” and terms of similar import, shall be deemed to refer to the date set forth in the preamble to this
Agreement. Any reference in this Agreement to a date or time shall be deemed to be such date or time in New York City, unless otherwise
specified. The parties have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question
of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties and no presumption or burden
of proof shall arise favoring or disfavoring any Person by virtue of the authorship of any provision of this Agreement.

 

Section
6.10 Working Capital Adjustment. Not more than three days prior to the Closing Date, Seller and Buyer will, in good faith, jointly
estimate what the Buyer’s Closing Working Capital payment will be as of the Closing Date on a reasonable basis using the
Seller’s then available financial information and, on the Closing Date, Seller shall remit such amount to Buyer. Buyer shall have 30
days after receipt of the amount of Seller’s share of the Closing Working Capital to review it and to notify Seller of any disputes
regarding the Closing Working Capital calculation. During the 30-day review period, Buyer shall have full access to Seller’s work
papers and to the persons who prepared the Closing Working Capital Calculation. If Buyer notifies Seller of any disputes in accordance
with this subsection (2), then the parties will negotiate in good faith to resolve those disputes. If the parties are unable to resolve
any dispute within 30 days after Seller receives notice, then either party may submit that dispute for resolution to an accountant with
an independent accounting firm of recognized national or regional standing mutually acceptable to Buyer and Seller and which accountant
is not then providing, and has not provided at any time during the period commencing two years prior to the Closing Date through the
date of its determination pursuant to this Section, services to any of Buyer, Seller, or any of their respective Affiliates. The resolution
of any dispute by that accounting firm shall be rendered within 30 days after submission of the dispute to the accounting firm and shall
be conclusive and binding upon the parties. The fees and expenses of the accounting firm shall be shared 50% by Seller and 50% by Buyer.

    20

     

    

If,
in accordance with this Section, it is determined that the Closing Working Capital payment to Buyer was less than 50% (fifty percent)
of the actual amount of Seller’s cash, cash equivalents, short-term investments and marketable securities minus Seller’s
actual accounts payable at Closing, then Seller shall pay to Buyer the amount of the deficiency. Conversely, if the Closing Working Capital
payment exceeded 50% (fifty percent) of the actual amount of Seller’s cash, cash equivalents, short-term investments and marketable
securities minus Seller’s actual accounts payable at Closing, then Buyer shall repay to Seller the excess amount.

 

[SIGNATURE
PAGE FOLLOWS]

    21

     

    

IN
WITNESS WHEREOF, each of the parties has caused this Agreement to be executed on its behalf by its officers thereunto duly authorized,
all at or on the date and year first above written.

 

	 	FRIENDABLE,
    INC.
	 	 	 	 
	 	By:		 
	 	Name:	Robert
    A. Rositano Jr.	 
	 	Title:	CEO
    - Director	 
	 	 	 	 
	 	ARTIST
    REPUBLIK, INC.
	 	 	 	 
	 	By:		 
	 	Name:	Nick
    Cianfaglione	 
	 	Title:	CEO
    & Chairman	 

     

     

    

	INDEX
    OF DEFINED TERMS
	 	 
	Term	Section
	 	 
	Assets	Section
    1.1
	 	 
	Affiliate	Section
    6.8
	 	 
	Agreement	Preamble
	 	 
	Anticorruption
    Laws	Section
    2.9
	 	 
	Assignment
    and Assumption Agreement	Section
    1.8(b)(l)(ii)
	 	 
	Bill
    of Sale	Section
    1.8(b)(l)(i)
	 	 
	Business	Recitals
	 	 
	Buyer	Preamble
	 	 
	Closing	Section
    1.7
	 	 
	Closing
    Date	Section
    1.7
	 	 
	Code	Section
    6.8
	 	 
	Contract	Section
    1.1(b)
	 	 
	Default	Section
    6.8
	 	 
	Excluded
    Assets	Section
    1.2
	 	 
	FCPA	Section
    2.9
	 	 
	GAAP	Section
    6.8
	 	 
	Governmental
    Authority	Section
    2.2(b)
	 	 
	Improvements	Section
    6.8
	 	 
	Intellectual
    Property	Section
    2.7(a)
	 	 
	IRS	Section
    6.8
	 	 
	Knowledge	Section
    6.8
	 	 
	Law	Section
    2.6(a)
	 	 
	Liabilities	Section
    6.8

     

     

    

	Lien	Section
    6.8
	 	 
	Material
    Adverse Effect	Section
    6.8
	 	 
	Material
    Contract	Section
    2.8(a)
	 	 
	Order	Section
    2.6(a)
	 	 
	Permitted
    Lien	Section
    6.8
	 	 
	Person	Section
    6.8
	 	 
	Purchase
    Price	Section
    1.5
	 	 
	Retained
    Liabilities	Section
    1.4
	 	 
	Seller	Preamble
	 	 
	Tax(es)	Section
    2.5(c)
	 	 
	Tax
    Returns	Section
    2.5(a)
	 	 
	Transfer
    Taxes	Section
    6.8Exhibit 4.4

 

FORM OF WARRANT AGREEMENT

 

GP-ACT III ACQUISITION CORP.

 

and

 

CONTINENTAL STOCK TRANSFER & TRUST COMPANY

 

Dated [●], 2021

 
THIS
WARRANT AGREEMENT (this “Agreement”), dated [●], 2021, is by and between GP-Act III Acquisition Corp., a Cayman
Islands exempted company (the “Company”), and Continental Stock Transfer & Trust Company, a New York corporation,
as warrant agent (in such capacity, the “Warrant Agent”). 

 
WHEREAS, it is proposed that the Company enter
into those certain Private Placement Warrants Purchase Agreements, with each of (i)(a) GPIAC II, LLC, a Cayman Islands limited liability
company (the “GP Sponsor”), and (b) IDS III LLC, a Delaware limited liability company (the “Act III Sponsor”
and, together with the GP Sponsor, each a “Co-Sponsor”), and (ii) Cantor Fitzgerald & Co. (“Cantor”),
the representative of the underwriters in the Offering (as defined below), each dated [●], 2021, pursuant to which (i) GP Sponsor
will purchase 5,700,000 warrants (or up to 6,375,000 warrants if the underwriters in the Offering exercise their Over-allotment Option
(as defined below) in full), (ii) Act III Sponsor will purchase 3,800,000 warrants (or up to 4,250,000 warrants if the underwriters in
the Offering exercise their Over-allotment Option in full) and (iii) Cantor will purchase 2,500,000 warrants (or up to 2,875,000 warrants
if the underwriters in the Offering exercise their Over-allotment Option (as defined below) in full), in each case simultaneously with
the closing of the Offering (and the closing of the Over-allotment Option, if applicable), bearing the legend set forth in Exhibit
B hereto (the “Private Placement Warrants”) at a purchase price of $1.00 per Private Placement Warrant. Each Private
Placement Warrant entitles the holder thereof to purchase one Ordinary Share (as defined below) at a price of $11.50 per share, subject
to adjustment as described herein;

 
WHEREAS, on [●], 2021, the Company entered
into that certain Forward Purchase Agreement (the “Forward Purchase Agreement”) with the GP Sponsor pursuant to which
the Purchaser (as defined in the Forward Purchase Agreement) will be issued Forward Purchase Securities (as defined in the Forward Purchase
Agreement), which comprise Ordinary Shares and warrants (the “Forward Purchase Warrants”) in a private placement transaction
to occur concurrently with the closing of our initial Business Combination (as defined below);

 

WHEREAS, in order to finance the Company’s
transaction costs in connection with an intended initial merger, share exchange, asset acquisition, share purchase, reorganization
or similar business combination, involving the Company and one or more businesses (a “Business Combination”),
either of the Co-Sponsors, any of their respective affiliates or certain of the Company’s directors and officers may, but
are not obligated to, loan the Company funds as the Company may require, of which up to $1,500,000 of such loans may be convertible
into up to an additional 1,500,000 Private Placement Warrants at a price of $1.00 per Private Placement Warrant; and

 

WHEREAS, the Company is engaged in an initial
public offering (the “Offering”) of units of the Company’s equity securities, each such unit comprised
of one Ordinary Share and one-half of one Public Warrant (as defined below) (the “Units”) and, in connection
therewith, has determined to issue and deliver up to 14,375,000 redeemable warrants (including up to 1,875,000 redeemable warrants
subject to the Over-allotment Option) to public investors in the Offering (the “Public Warrants” and, together
with the Private Placement Warrants and the Forward Purchase Warrants, the “Warrants”). Each whole Warrant entitles
the holder thereof to purchase one Class A ordinary share of the Company, par value $0.0001 per share (“Ordinary Shares”),
for $11.50 per share, subject to adjustment as described herein. Only whole Warrants are exercisable. A holder of the Public Warrants
will not be able to exercise any fraction of a Warrant;

    1

     

    

WHEREAS, the Company has filed with the Securities and Exchange Commission
(the “Commission”) a registration statement on Form S-1 (File No. 333-253853) (the “Registration Statement”)
and a prospectus (the “Prospectus”), for the registration, under the Securities Act of 1933, as amended (the “Securities
Act”), of the Units, the Public Warrants and the Ordinary Shares included in the Units;

 

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

 

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

 

WHEREAS, all acts and things have been done
and performed which are necessary to make the Warrants, when executed on behalf of the Company and countersigned by or on behalf
of the Warrant Agent (if a physical certificate is issued), as provided herein, the valid, binding and legal obligations of the
Company, and to authorize the execution and delivery of this Agreement.

 

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

 

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

 

2.           Warrants.

 

2.1          Form of Warrant. Each Warrant shall initially be issued in registered form only.

 

2.2          Effect of Countersignature. If a physical certificate is issued, unless and until countersigned by the Warrant Agent
pursuant to this Agreement, a certificated Warrant shall be invalid and of no effect and may not be exercised by the holder thereof.

 

2.3          Registration.

 

2.3.1       
Warrant Register. The Warrant Agent shall maintain books (the “Warrant Register”),
for the registration of original issuance and the registration of transfer of the Warrants. Upon the initial issuance of the Warrants
in book-entry form, the Warrant Agent shall issue and register the Warrants in the names of the respective holders thereof in such
denominations and otherwise in accordance with instructions delivered to the Warrant Agent by the Company. Ownership of beneficial
interests in the Public Warrants shall be shown on, and the transfer of such ownership shall be effected through, records maintained
by institutions that have accounts with The Depository Trust Company (the “Depositary”)
(such institution, with respect to a Warrant in its account, a “Participant”).

    2 

     

    

If the Depositary subsequently ceases to
make its book-entry settlement system available for the Public Warrants, the Company may instruct the Warrant Agent regarding making
other arrangements for book-entry settlement. In the event that the Public Warrants are not eligible for, or it is no longer necessary
to have the Public Warrants available in, book-entry form, the Warrant Agent shall provide written instructions to the Depositary
to deliver to the Warrant Agent for cancellation each book-entry Public Warrant, and the Company shall instruct the Warrant Agent
to deliver to the Depositary definitive certificates in physical form evidencing such Warrants (“Definitive Warrant Certificates”)
which shall be in the form annexed hereto as Exhibit A.

 

Physical certificates, if issued, shall
be signed by, or bear the facsimile signature of, the Chairman or a Co-Chairman of the Board, Chief Executive Officer, President,
Chief Financial Officer, Chief Operating Officer, General Counsel, Secretary or other principal officer of the Company. In the
event the person whose facsimile signature has been placed upon any Warrant shall have ceased to serve in the capacity in which
such person signed the Warrant before such Warrant is issued, it may be issued with the same effect as if he or she had not ceased
to be such at the date of issuance.

 

2.3.2       
Registered Holder. Prior to due presentment for registration of transfer of any Warrant, the Company and the Warrant
Agent may deem and treat the person in whose name such Warrant is registered in the Warrant Register (the “Registered
Holder”) as the absolute owner of such Warrant and of each Warrant represented thereby, for the purpose of any
exercise thereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to
the contrary.

 

2.4          Detachability of Warrants. The Ordinary Shares and Public Warrants comprising the Units shall
begin separate trading on the 52nd day following the date of the Prospectus or, if such 52nd day is not on a day, other than a Saturday,
Sunday or federal holiday, on which banks in New York City are generally open for normal business (a “Business Day”),
then on the immediately succeeding Business Day following such date, or earlier (the “Detachment Date”) with the consent
of Cantor, but in no event shall the Ordinary Shares and the Public Warrants comprising the Units be separately traded until (A) the Company
has filed a Current Report on Form 8-K with the Commission containing an audited balance sheet reflecting the receipt by the Company of
the gross proceeds of the Offering, including the proceeds then received by the Company from the exercise by the underwriters of their
right to purchase additional Units in the Offering (the “Over-allotment Option”), if the Over-allotment Option is exercised
prior to the filing of the Current Report on Form 8-K, and (B) the Company issues a press release announcing when such separate trading
shall begin.

 

2.5          Fractional Warrants. The Company shall not issue fractional Warrants other than as part of the Units, each of which
is comprised of one Ordinary Share and one-half of one whole Public Warrant. If, upon the detachment of Public Warrants from the
Units or otherwise, a holder of Warrants would be entitled to receive a fractional Warrant, the Company shall round down to the
nearest whole number the number of Warrants to be issued to such holder.

    3 

     

    

2.6          Private
Placement Warrants; Forward Purchase Warrants. The Private Placement Warrants shall be identical to the Public Warrants, except that
(i) the Private Placement Warrants may be exercised for cash or on a “cashless basis,” pursuant to subsection 3.3.1(c)
hereof, (ii) the Private Placement Warrants and the Ordinary Shares issuable upon exercise of the Private Placement Warrants and
the Forward Purchase Warrants and the Ordinary Shares issuable upon exercise of the Forward Purchase Warrants may be subject to certain
transfer restrictions contained in the letter agreement by and among the Company, the Co-Sponsors and the other parties thereto, as amended
from time to time or the Forward Purchase Agreement, as applicable, (iii) the Private Placement Warrants shall not be redeemable by the
Company pursuant to Section 6.1 hereof and (iv) the holders of the Private Placement Warrants (including the Class A Ordinary
Shares issuable upon exercise of such warrants) may be entitled to certain registration rights. The Private Placement Warrants shall
not become Public Warrants as a result of any transfer of the Private Placement Warrants, regardless of the transferee.

 

Notwithstanding the foregoing, with respect to
any Private Placement Warrants held by Cantor and/or its designees, in addition to the foregoing restriction on transfer of the Private
Placement Warrants, the Private Placement Warrants purchased by Cantor and/or its designees shall not be sold during the Offering, or
sold, transferred, assigned, pledged or hypothecated for a period of 180 days immediately following the date of effectiveness of the
Registration Statement or commencement of sales of the Offering, except to any member participating in the Offering and the officers
or partners thereof. Additionally, the Private Placement Warrants purchased by Cantor and/or its designees shall not be the subject of
any hedging, short sale, derivative, put or call transaction that would result in the effective economic disposition of the securities
by any person for a period of 180 days immediately following the date of effectiveness of the Registration Statement or commencement
of sales of the Offering, except as permitted in accordance with FINRA Rule 5110(e)(2)(B). Additionally, the Private Placement Warrants
purchased by Cantor may not be exercised more than five (5) years after the effective Registration Statement. 

    4 

     

    

2.7          Forward Purchase Warrants. The Forward Purchase Warrants shall have the same terms and be in the same form as the
Private Placement Warrants.

 

3.            Terms and Exercise of Warrants.

 

3.1          Warrant Price. Each whole Warrant shall entitle the Registered Holder thereof, subject to the provisions of such
Warrant and of this Agreement, to purchase from the Company the number of Ordinary Shares stated therein, at the price of $11.50
per share, subject to the adjustments provided in Section 4 hereof and in the last sentence of this Section 3.1.
The term “Warrant Price” as used in this Agreement shall mean the price
per share (including in cash or by payment of Warrants pursuant to a “cashless exercise,” to the extent permitted hereunder)
described in the prior sentence at which Ordinary Shares may be purchased at the time a Warrant is exercised. The Company in its
sole discretion may lower the Warrant Price at any time prior to the Expiration Date (as defined below) for a period of not less
than twenty (20) Business Days (unless otherwise required by the Commission, any national securities exchange on which the Warrants
are listed or applicable law); provided that the Company shall provide at least twenty (20) days prior written notice of
such reduction to Registered Holders of the Warrants and, provided further that any such reduction shall be identical among all
of the Warrants.

 

3.2          Duration of Warrants. A Warrant may be exercised only during the period (the “Exercise
Period”) (A) commencing on the later of: (i) the date that is thirty (30) days after the first date on which the Company
completes a Business Combination, and (ii) the date that is twelve (12) months from the date of the closing of the Offering, and (B) terminating
at the earliest to occur of (x) 5:00 p.m., New York City time on the date that is five (5) years after the date on which the Company
completes its initial Business Combination, (y) the liquidation of the Company in accordance with the Company’s amended and restated
memorandum and articles of association, as amended from time to time, if the Company fails to complete a Business Combination, and (z)
other than with respect to the Private Placement Warrants, 5:00 p.m., New York City time on the Redemption Date (as defined below) as
provided in Section 6.2 hereof (the “Expiration Date”); provided, however, that the exercise of any Warrant shall be
subject to the satisfaction of any applicable conditions, as set forth in subsection 3.3.2 below, with respect to an effective registration
statement or a valid exemption therefrom being available. Except with respect to the right to receive the Redemption Price (as defined
below) (other than with respect to a Private Placement Warrant) in the event of a redemption (as set forth in Section 6 hereof), each
Warrant (other than a Private Placement Warrant in the event of a redemption) not exercised on or before the Expiration Date shall become
void, and all rights thereunder and all rights in respect thereof under this Agreement shall cease at 5:00 p.m. New York City time on
the Expiration Date. The Company in its sole discretion may extend the duration of the Warrants by delaying the Expiration Date; provided
that the Company shall provide at least twenty (20) days prior written notice of any such extension to Registered Holders of the Warrants
and, provided further that any such extension shall be identical in duration among all the Warrants. Notwithstanding anything contained
in this Agreement to the contrary, so long as the Private Placement Warrants initially purchased by Cantor are held by Cantor or its designees
or affiliates, such Private Placement Warrants may not be exercised after five years from the effective date of the Registration Statement.

    5 

     

    

3.3          Exercise of Warrants

 

3.3.1       
Payment. Subject to the provisions of the Warrant and this Agreement, a Warrant may be exercised by the Registered
Holder thereof by delivering to the Warrant Agent at its corporate trust department (i) the Definitive Warrant Certificate
evidencing the Warrants to be exercised, or, in the case of a Warrant represented by a book-entry, the Warrants to be exercised
(the “Book-Entry Warrants”) on the records of the Depositary to an account
of the Warrant Agent at the Depositary designated for such purposes in writing by the Warrant Agent to the Depositary from time
to time, (ii) an election to purchase (“Election to Purchase”) any
Ordinary Shares pursuant to the exercise of a Warrant, properly completed and executed by the Registered Holder on the reverse
of the Definitive Warrant Certificate or, in the case of a Book-Entry Warrant, properly delivered by the Participant in accordance
with the Depositary’s procedures, and (iii) the payment in full of the Warrant Price for each Ordinary Share as to which
the Warrant is exercised and any and all applicable taxes due in connection with the exercise of the Warrant, the exchange of the
Warrant for the Ordinary Shares and the issuance of such Ordinary Shares, as follows:

 

(a)     
in lawful money of the United States, in good certified check or good bank draft payable to the order of the Warrant Agent;

 

(b)     
in the event of a redemption pursuant to Section 6.1 hereof in which the Company’s board of directors (the “Board”)
has elected to require all holders of the Public Warrants to exercise such Public Warrants on a “cashless basis,” by surrendering
the Public Warrants for that number of Ordinary Shares equal to the quotient obtained by dividing (x) the product of the number of Ordinary
Shares underlying the Public Warrants, multiplied by the difference between the Warrant Price and the “Redemption Fair Market Value”,
as defined in this subsection 3.3.1(b), by (y) the Redemption Fair Market Value. Solely for purposes of this subsection 3.3.1(b)
and Section 6.3, the “Redemption Fair Market Value” shall mean the volume-weighted average price of the Ordinary Shares as
reported during the ten (10) trading day period ending on the trading day prior to the date on which the notice of redemption is sent
to the holders of the Public Warrants pursuant to Section 6.2 hereof

 

(c)     
with respect to any Private Placement Warrant, by surrendering the Warrants for that number of Ordinary Shares equal to the quotient
obtained by dividing (x) the product of the number of Ordinary Shares underlying the Warrants, multiplied by the excess of the “Sponsor
Exercise Fair Market Value” (as defined in this subsection 3.3.1(c)) less the Warrant Price by (y) the Sponsor Exercise Fair
Market Value. Solely for purposes of this subsection 3.3.1(c), the “Sponsor Exercise Fair Market Value” shall
mean the average last reported sale price of the Ordinary Shares for the ten (10) trading days ending on the third (3rd) trading day prior
to the date on which notice of exercise of the Private Placement Warrant is sent to the Warrant Agent; or

 

(d)    
as provided in Section 7.4 hereof.

    6 

     

    

3.3.2       
Issuance of Ordinary Shares on Exercise. As soon as practicable after the exercise of any Warrant and the clearance
of the funds in payment of the Warrant Price (if payment is pursuant to subsection 3.3.1(a)), the Company shall issue to the Registered
Holder of such Warrant a book-entry position or certificate, as applicable, for the number of Ordinary Shares to which he, she or it is
entitled, registered in such name or names as may be directed by him, her or it on the register of members of the Company, and if such
Warrant shall not have been exercised in full, a new book-entry position or countersigned Warrant, as applicable, for the number of shares
as to which such Warrant shall not have been exercised. Notwithstanding the foregoing, the Company shall not be obligated to deliver any
Ordinary Shares pursuant to the exercise of a Warrant and shall have no obligation to settle such Warrant exercise unless a registration
statement under the Securities Act with respect to the Ordinary Shares underlying the Public Warrants is then effective and a prospectus
relating thereto is current, or a valid exemption from registration is available. No Warrant shall be exercisable and the Company shall
not be obligated to issue Ordinary Shares upon exercise of a Warrant unless the Ordinary Shares issuable upon such Warrant exercise have
been registered, qualified or deemed to be exempt from registration or qualification under the securities laws of the state of residence
of the Registered Holder of the Warrants. For the avoidance of doubt, in no event will the Company be required to net cash settle the
Warrant exercise. Subject to Section 4.6 of this Agreement, a Registered Holder of Warrants may exercise its Warrants only for
a whole number of Ordinary Shares. The Company may require holders of Public Warrants to only settle such Warrants on a “cashless
basis” pursuant to Section 7.4. If, by reason of any exercise of Warrants on a “cashless basis”, the holder of
any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in an Ordinary Share, the Company shall
round down to the nearest whole number, the number of Ordinary Shares to be issued to such holder.

 

3.3.3       
Valid Issuance. All Ordinary Shares issued upon the proper exercise of a Warrant in conformity with this Agreement
and the Amended and Restated Memorandum and Articles of Association of the Company shall be validly issued, fully paid and nonassessable.

 

3.3.4       
Date of Issuance. Each person in whose name any book-entry position or certificate, as applicable, for Ordinary Shares
is issued and who is registered in the register of members of the Company shall for all purposes be deemed to have become the holder
of record of such Ordinary Shares on the date on which the Warrant, or book-entry position representing such Warrant, was surrendered
and payment of the Warrant Price was made, irrespective of the date of delivery of such certificate in the case of a certificated
Warrant, except that, if the date of such surrender and payment is a date when the register of members of the Company or book-entry
system of the Warrant Agent are closed, such person shall be deemed to have become the holder of such shares at the close of business
on the next succeeding date on which the share transfer books or book-entry system are open.

 

3.3.5       
Maximum Percentage. A holder of a Warrant may notify the Company in writing in the event
it elects to be subject to the provisions contained in this subsection 3.3.5; however, no holder of a Warrant shall be subject
to this subsection 3.3.5 unless he, she or it makes such election. If the election is made by a holder, the Warrant Agent shall
not effect the exercise of the holder’s Warrant, and such holder shall 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 such holder, or such other amount as a holder may specify
(the “Maximum Percentage”), of the Ordinary Shares outstanding immediately after giving effect to such exercise. For
purposes of the foregoing sentence, the aggregate number of Ordinary Shares beneficially owned by such person and its affiliates shall
include the number of Ordinary Shares issuable upon exercise of the Warrant with respect to which the determination of such sentence is
being made, but shall exclude Ordinary Shares that would be issuable upon (x) exercise of the remaining, unexercised portion of the Warrant
beneficially owned by such person and its affiliates and (y) exercise or conversion of the unexercised or unconverted portion of any other
securities of the Company beneficially owned by such person and its affiliates (including, without limitation, any convertible notes or
convertible preferred shares or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein.
Except as set forth in the preceding sentence, for purposes of this paragraph, beneficial ownership shall be calculated in accordance
with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). For purposes of the Warrant,
in determining the number of outstanding Ordinary Shares, the holder may rely on the number of outstanding Ordinary Shares as reflected
in (1) the Company’s most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K or other
public filing with the Commission as the case may be, (2) a more recent public announcement by the Company or (3) any other notice by
the Company or Continental Stock Transfer & Trust Company, as transfer agent (in such capacity, the “Transfer Agent”),
setting forth the number of Ordinary Shares outstanding. For any reason at any time, upon the written request of the holder of the Warrant,
the Company shall, within two (2) Business Days, confirm orally and in writing to such holder the number of Ordinary Shares then outstanding.
In any case, the number of issued and outstanding Ordinary Shares shall be determined after giving effect to the conversion or exercise
of equity securities of the Company by the holder and its affiliates since the date as of which such number of issued and outstanding
Ordinary Shares was reported. By written notice to the Company, the holder of a Warrant may from time to time increase or decrease the
Maximum Percentage applicable to such holder to any other percentage specified in such notice; provided, however, that any
such increase shall not be effective until the sixty-first (61st) day after such notice is delivered to the Company.

    7 

     

    

4.            Adjustments.

 

4.1          Share Capitalizations.

 

4.1.1       
Sub-Divisions. If after the date hereof, and subject to the provisions of Section
4.6 below, the number of issued and outstanding Ordinary Shares is increased by a capitalization or share dividend of Ordinary Shares,
or by a sub-division of Ordinary Shares or other similar event, then, on the effective date of such share capitalization, sub-division
or similar event, the number of Ordinary Shares issuable on exercise of each Warrant shall be increased in proportion to such increase
in the issued and outstanding Ordinary Shares. A rights offering made to all holders of Ordinary Shares entitling holders to purchase
Ordinary Shares at a price less than the “Historical Fair Market Value” (as defined below) shall be deemed a capitalization
of a number of Ordinary Shares equal to the product of (i) the number of 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 the Ordinary Shares) multiplied
by (ii) one (1) minus the quotient of (x) the price per Ordinary Share paid in such rights offering divided by (y) the Historical Fair
Market Value. For purposes of this subsection 4.1.1, (i) if the rights offering is for securities convertible into or exercisable
for Ordinary Shares, in determining the price payable for Ordinary Shares, there shall 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 the Ordinary Shares during the ten (10) trading day period ending on the trading day prior
to the first date on which the Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the
right to receive such rights. No Ordinary Shares shall be issued at less than their par value.

    8 

     

    

4.1.2       
Extraordinary Dividends. If the Company, at any time while the Warrants are outstanding and
unexpired, pays to all of the holders of the Ordinary Shares a dividend or make a distribution in cash, securities or other assets on
account of such Ordinary Shares (or other shares into which the Warrants are convertible), other than (a) as described in subsection
4.1.1 above, (b) Ordinary Cash Dividends (as defined below), (c) to satisfy the redemption rights of the holders of the Ordinary Shares
in connection with a proposed initial Business Combination, (d) to satisfy the redemption rights of the holders of the Ordinary Shares
in connection with a shareholder vote to amend the Company’s amended and restated memorandum and articles of association (i) to
modify the substance or timing of the Company’s obligation to allow redemption in connection with the Company’s initial Business
Combination or to redeem 100% of the Company’s public shares if it does not complete its initial Business Combination within the
time period required by the Company’s amended and restated memorandum and articles of association, as amended from time to time,
or (ii) with respect to any other provision relating to shareholders’ rights or pre-initial Business Combination activity or (e)
in connection with the redemption of public shares upon the failure of the Company to complete its initial Business Combination and any
subsequent distribution of its assets upon its liquidation (any such non-excluded event being referred to herein as an “Extraordinary
Dividend”), then the Warrant Price shall be decreased, effective immediately after the effective date of such Extraordinary
Dividend, by the amount of cash and/or the fair market value (as determined by the Company’s board of directors (the “Board”),
in good faith) of any securities or other assets paid on each Ordinary Share in respect of such Extraordinary Dividend. For purposes of
this subsection 4.1.2, “Ordinary Cash Dividends” means any cash dividend or cash distribution which, when combined
on a per share basis, with the per share amounts of all other cash dividends and cash distributions paid on the Ordinary Shares during
the 365-day period ending on the date of declaration of such dividend or distribution to the extent it does not exceed $0.50 per share
(which amount shall be adjusted to appropriately reflect any of the events referred to in other subsections of this Section 4 and
excluding cash dividends or cash distributions that resulted in an adjustment to the Warrant Price or to the number of 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.

 

4.2          Aggregation of Shares. If after the date hereof, and subject to the provisions of Section 4.6 hereof, the number
of issued and outstanding Ordinary Shares is decreased by a consolidation, combination, reverse share split or reclassification
of Ordinary Shares or other similar event, then, on the effective date of such consolidation, combination, reverse share split,
reclassification or similar event, the number of Ordinary Shares issuable on exercise of each Warrant shall be decreased in proportion
to such decrease in issued and outstanding Ordinary Shares.

    9 

     

    

 

 

 

4.3          Adjustments in Exercise Price. Whenever the number of Ordinary Shares purchasable upon the exercise of the Warrants
is adjusted, as provided in subsection 4.1.1 or Section 4.2 above, the Warrant Price shall be adjusted (to the nearest cent) by
multiplying such Warrant Price immediately prior to such adjustment by a fraction (x) the numerator of which shall be the number
of Ordinary Shares purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (y) the denominator
of which shall be the number of Ordinary Shares so purchasable immediately thereafter.

 

4.4            Raising
of the Capital in Connection with the Initial Business Combination. If (x) the Company issues additional Ordinary Shares or
equity-linked securities for capital raising purposes in connection with the closing of its initial Business Combination at an issue
price or effective issue price of less than $9.20 per Ordinary Share (with such issue price or effective issue price to be determined
in good faith by the Board and, in the case of any such issuance to either Co-Sponsor or their respective affiliates, without taking
into account any Class B Ordinary Shares, par value $0.0001 per share, of the Company held by either Co-Sponsor or their respective
affiliates, as applicable, prior to such issuance) (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 the Company’s
initial Business Combination on the date of the completion of the Company’s initial Business Combination (net of redemptions),
and (z) the volume-weighted average trading price of Ordinary Shares during the twenty (20) trading day period starting on the trading
day prior to the day on which the Company consummates its initial Business Combination (such price, the “Market Value”)
is below $9.20 per share, the Warrant Price shall be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value
and the Newly Issued Price, the $18.00 per share redemption trigger price described in Section 6.1 shall be adjusted (to
the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price.

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4.5            Replacement
of Securities upon Reorganization, etc. In case of any reclassification or reorganization of the issued and outstanding Ordinary
Shares (other than a change under Section 4.1 or Section 4.2 hereof or that solely affects the par value of such
Ordinary Shares), or in the case of any merger or consolidation of the Company with or into another entity or conversion of the Company
into another type of entity (other than a merger or consolidation in which the Company is the continuing entity and that does not result
in any reclassification or reorganization of the issued and outstanding Ordinary Shares), or in the case of any sale or conveyance to
another corporation or entity of the assets or other property of the Company as an entirety or substantially as an entirety, in connection
with which the Company is dissolved, the holders of the Warrants shall 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 Ordinary Shares of the Company immediately theretofore
purchasable and receivable upon the exercise of the rights represented thereby, the kind and amount of shares, stock or other equity
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 his, her or its
Warrant(s) immediately prior to such event (the “Alternative Issuance”); provided, however, that
(i) if the holders of the Ordinary Shares were entitled to exercise a right of election as to the kind or amount of securities,
cash or other assets receivable upon such merger or consolidation, then the kind and amount of securities, cash or other assets constituting
the Alternative Issuance for which each Warrant shall become exercisable shall be deemed to be the weighted average of the kind and amount
received per share by the holders of the Ordinary Shares in such merger or consolidation that affirmatively make such election, and (ii) if
a tender, exchange or redemption offer shall have been made to and accepted by the holders of the Ordinary Shares (other than a tender,
exchange or redemption offer made by the Company in connection with redemption rights held by shareholders of the Company as provided
for in the Company’s amended and restated memorandum and articles of association or as a result of the redemption of Ordinary Shares
by the Company if a proposed initial Business Combination is presented to the shareholders of the Company for approval) under circumstances
in which, upon completion of such tender or exchange offer, the maker thereof, together with members of any group (within the meaning
of Rule 13d-5(b)(1) under the Exchange Act) of which such maker is a part, and together with any affiliate or associate of
such maker (within the meaning of Rule 12b-2 under the Exchange Act) and any members of any such group of which any such affiliate
or associate is a part, own beneficially (within the meaning of Rule 13d-3 under the Exchange Act) securities representing more
than 50% of the aggregate voting power (including the power to vote on the election of directors) of the issued and outstanding equity
securities of the Company, and (for the avoidance of doubt) such tender offer results in an change of control of the Company, the holder
of a Warrant shall be entitled to receive as the Alternative Issuance, the kind and amount of shares, stock or other equity securities
or property (including cash) to which such holder would actually have been entitled as a shareholder if such Warrant holder had exercised
the Warrant prior to the expiration of such tender or exchange offer, accepted such offer and all of the Ordinary Shares held by such
holder had been purchased pursuant to such tender or exchange offer, subject to adjustments (from and after the consummation of such
tender or exchange offer) as nearly equivalent as possible to the adjustments provided for in this Section 4; provided further
that if less than 70% of the consideration receivable by the holders of the Ordinary Shares in the applicable event is payable in the
form of 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 properly exercises
the Warrant within thirty (30) days following the public disclosure of the consummation of such applicable event by the Company pursuant
to a Current Report on Form 8-K filed with the Commission, the Warrant Price shall be reduced by an amount (in dollars) equal to
the difference of (i) the Warrant Price in effect prior to such reduction minus (ii) (A) the Per Share Consideration (as
defined below) (but in no event less than zero) minus (B) the Black-Scholes Warrant Value (as defined below). The “Black-Scholes
Warrant Value” means (i) for the Public Warrants, the value of a Public Warrant immediately prior to the consummation
of the applicable event based on the Black-Scholes Warrant Model for a Capped American Call on Bloomberg Financial Markets (“Bloomberg”)
and (ii) for Private Placement Warrants, the value of a Private Placement Warrant immediately prior to the consummation of the applicable
event based on the Black-Scholes Warrant Model for an uncapped American Call on Bloomberg, in each case, as calculated by an accounting,
appraisal, investment banking firm or consultant of nationally recognized standing that is, in the good faith judgment of the Board,
qualified to make such calculation. For purposes of calculating such amount, unless such accounting, appraisal, investment banking firm
or consultant of nationally recognized standing definitively determines that other factors are more appropriate, (i) Section 6
of this Agreement shall be taken into account, (ii) the price of each Ordinary Share shall be the volume weighted average price
of the Ordinary Shares during the ten (10) trading day period ending on the trading day prior to the effective date of the applicable
event, (iii) the assumed volatility shall be the 90 day volatility obtained from the HVT function on Bloomberg determined as of
the trading day immediately prior to the day of the announcement of the applicable event unless the third party valuation firm definitively
determines that a different volatility is more appropriate, (iv) the assumed risk-free interest rate shall correspond to the U.S.
Treasury rate for a period equal to the remaining term of the Warrant and (v) the assumed dividends shall be zero. “Per
Share Consideration” means (i) if the consideration paid to holders of the Ordinary Shares consists exclusively of cash,
the amount of such cash per Ordinary Share, and (ii) in all other cases, the volume weighted average price of the Ordinary Shares
during the ten (10) trading day period ending on the trading day prior to the effective date of the applicable event. If any reclassification
or reorganization also results in a change in Ordinary Shares covered by subsection 4.1.1, then such adjustment shall be made
pursuant to subsection 4.1.1 or Sections 4.2, 4.3 and this Section 4.5. The provisions of this Section 4.5
shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers. In no
event shall the Warrant Price be reduced to less than the par value per share issuable upon exercise of such Warrant.

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4.6           Notices of Changes in Warrant. Upon every adjustment of the Warrant Price or the number of shares issuable upon exercise
of a Warrant, the Company shall give written notice thereof to the Warrant Agent, which notice shall state the Warrant Price resulting
from such adjustment and the increase or decrease, if any, in the number of shares purchasable at such price upon the exercise
of a Warrant, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based.
Upon the occurrence of any event specified in Sections 4.1, 4.2, 4.3, 4.4, 4.5 or 4.9, the Company shall give written notice of
the occurrence of such event to each holder of a Warrant, at the last address set forth for such holder in the Warrant Register,
of the record date or the effective date of the event. Failure to give such notice, or any defect therein, shall not affect the
legality or validity of such event.

 

4.7           No Fractional Shares. Notwithstanding any provision contained in this Agreement to the contrary, the Company shall
not issue fractional shares upon the exercise of Warrants. If, by reason of any adjustment made pursuant to this Section 4, the
holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share, the Company
shall, upon such exercise, round down to the nearest whole number the number of Ordinary Shares to be issued to such holder.

 

4.8           Form of Warrant. The form of Warrant need not be changed because of any adjustment pursuant to this Section 4, and
Warrants issued after such adjustment may state the same Warrant Price and the same number of shares as is stated in the Warrants
initially issued pursuant to this Agreement; provided, however, that the Company may at any time in its sole discretion make any
change in the form of Warrant that the Company may deem appropriate and that does not affect the substance thereof, and any Warrant
thereafter issued or countersigned, whether in exchange or substitution for an outstanding Warrant or otherwise, may be in the
form as so changed.

 

4.9           Other Events. In case any event shall occur affecting the Company as to which none of the provisions of the preceding
subsections of this Section 4 are strictly applicable, but which would require an adjustment to the terms of the Warrants in order
to (i) avoid an adverse impact on the Warrants and (ii) effectuate the intent and purpose of this Section 4, then, in each such
case, the Company shall appoint a firm of independent registered public accountants, investment banking or other appraisal firm
of recognized national standing, which shall give its opinion as to whether or not any adjustment to the rights represented by
the Warrants is necessary to effectuate the intent and purpose of this Section 4 and, if they determine that an adjustment is necessary,
the terms of such adjustment; provided, however, that under no circumstances shall the Warrants be adjusted pursuant to this Section
4.9 as a result of any issuance of securities in connection with a Business Combination. The Company shall adjust the terms of
the Warrants in a manner that is consistent with any adjustment recommended in such opinion.

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5.            Transfer and Exchange of Warrants.

 

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

 

5.2            Procedure
for Surrender of Warrants. Warrants may be surrendered to the Warrant Agent, together with a written request for exchange or transfer,
and thereupon the Warrant Agent shall issue in exchange therefor one or more new Warrants as requested by the Registered Holder of the
Warrants so surrendered, representing an equal aggregate number of Warrants; provided, however, that except as otherwise provided herein
or with respect to any Book-Entry Warrant, each Book-Entry Warrant may be transferred only in whole and only to the Depositary, to another
nominee of the Depositary, to a successor depository, or to a nominee of a successor depository; provided further, however that in the
event that a Warrant surrendered for transfer bears a restrictive legend (as in the case, initially, of the Private Placement Warrants),
the Warrant Agent shall not cancel such Warrant and issue new Warrants in exchange thereof until the Warrant Agent has received an opinion
of counsel for the Company stating that such transfer may be made and indicating whether the new Warrants must also bear a restrictive
legend.

 

5.3           Fractional Warrants. The Warrant Agent shall not be required to effect any registration of transfer or exchange which
shall result in the issuance of a warrant certificate or book-entry position for a fraction of a warrant, except as part of the
Units.

 

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

 

5.5           Warrant Execution and Countersignature. The Warrant Agent is hereby authorized to countersign and to deliver, in
accordance with the terms of this Agreement, the Warrants required to be issued pursuant to the provisions of this Section 5, and
the Company, whenever required by the Warrant Agent, shall supply the Warrant Agent with Warrants duly executed on behalf of the
Company for such purpose.

 

5.6           Transfer of Warrants. Prior to the Detachment Date, the Public Warrants may be transferred or exchanged only together
with the Unit in which such Warrant is included, and only for the purpose of effecting, or in conjunction with, a transfer or exchange
of such Unit. Furthermore, each transfer of a Unit on the register relating to such Units shall operate also to transfer the Warrants
included in such Unit. Notwithstanding the foregoing, the provisions of this Section 5.6 shall have no effect on any transfer of
Warrants on and after the Detachment Date.

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6.            Redemption.

 

6.1            Redemption
of Public Warrants. Not less than all of the outstanding Public Warrants may be redeemed for cash, at the option of the Company,
at any time during the Exercise Period, at the office of the Warrant Agent, upon notice to the Registered Holders of the Public Warrants,
as described in Section 6.2 below, at a Redemption Price of $0.01 per Public Warrant, provided that (a) the Reference
Value (as defined below) equals or exceeds $18.00 per share (subject to adjustment in compliance with Section 4 hereof) and
(b) either (i) there is an effective registration statement covering the issuance of the Ordinary Shares issuable upon exercise
of the Public Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.2
below), or (ii) the Company has elected to require the exercise of the Public Warrants on a “cashless basis” pursuant
to subsection 3.3.1(b) hereof.

 

6.2            Date
Fixed for, and Notice of, Redemption; Redemption Price; Reference Value. In the event that the Company elects to redeem the Public
Warrants pursuant to Section 6.1, the Company shall fix a date for the redemption (the “Redemption Date”).
Notice of redemption shall be mailed by first class mail, postage prepaid, by the Company not less than thirty (30) days prior to the
Redemption Date (the period lasting from such time until the Redemption Date, the “30-day Redemption Period”) to the
Registered Holders of the Public Warrants to be redeemed at their last addresses as they shall appear on the registration books. Any
notice mailed in the manner herein provided shall be conclusively presumed to have been duly given whether or not the Registered Holder
received such notice. As used in this Agreement, (a) “Redemption Price” shall mean the price per Warrant at which
any Warrants are redeemed pursuant to Section 6.1 and (b) “Reference Value” shall mean the last reported
sale price of the Ordinary Shares for any twenty (20) trading days within the thirty (30) trading-day period ending on the third (3rd)
trading day prior to the date on which notice of the redemption is given.

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6.3            Exercise
After Notice of Redemption. The Public Warrants may be exercised, for cash (or, if the Company has elected to require exercise on
a “cashless basis” in accordance with subsection 3.3.1(b) of this Agreement, on such “cashless basis”)
at any time after notice of redemption shall have been given by the Company pursuant to Section 6.2 hereof and prior to the
Redemption Date. In the event that the Company determines to require all holders of Public Warrants to exercise their Public Warrants
on a “cashless basis” pursuant to subsection 3.3.1, the notice of redemption shall contain the information necessary
to calculate the number of Ordinary Shares to be received upon exercise of the Public Warrants, including the “Redemption Fair
Market Value” (as such term is defined in subsection 3.3.1(b) hereof) in such case. On and after the Redemption Date, the
record holder of the Public Warrants shall have no further rights except to receive, upon surrender of the Public Warrants, the Redemption
Price.

 

7.            Other Provisions Relating to Rights of Holders of Warrants.

 

7.1           No Rights as Shareholder. A Warrant does not entitle the Registered Holder thereof to any of the rights of a shareholder
of the Company, including, without limitation, the right to receive dividends, or other distributions, exercise any preemptive
rights to vote or to consent or to receive notice as shareholders in respect of the meetings of shareholders or the election of
directors of the Company or any other matter.

 

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

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7.3          Reservation of Ordinary Shares. The Company shall at all times reserve and keep available a number of its authorized
but unissued Ordinary Shares that shall be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant
to this Agreement.

 

7.4          Registration of Ordinary Shares; Cashless Exercise at Company’s Option.

 

7.4.1            Registration
of the Ordinary Shares. The Company agrees that as soon as practicable, but in no event later than fifteen (15) Business Days after
the closing of its initial Business Combination, it shall use its commercially reasonable efforts to file with the Commission a registration
statement for the registration, under the Securities Act, of the Ordinary Shares issuable upon exercise of the Warrants. The Company shall
use its commercially reasonable efforts to cause the same to become effective within sixty (60) Business Days following the closing of
its initial Business Combination and to maintain the effectiveness of such registration statement, and a current prospectus relating thereto,
until the expiration or redemption of the Warrants in accordance with the provisions of this Agreement. If any such registration statement
has not been declared effective by the sixtieth (60th) Business Day following the closing of the Business Combination, holders
of the Public Warrants shall have the right, during the period beginning on the sixty-first (61st) Business Day after the closing
of the Business Combination and ending upon such registration statement being declared effective by the Commission, and during any other
period when the Company shall fail to have maintained an effective registration statement covering the issuance of the Ordinary Shares
issuable upon exercise of the Public Warrants, to exercise such Public Warrants on a “cashless basis,” by exchanging the Public
Warrants (in accordance with Section 3(a)(9) of the Securities Act or another exemption) for that number of Ordinary Shares
equal to the quotient obtained by dividing (x) the product of the number of Ordinary Shares underlying the Public Warrants, multiplied
by the excess of the “Fair Market Value” (as defined below) less the Warrant Price by (y) the Fair Market Value. Solely
for purposes of this subsection 7.4.1, “Fair Market Value” shall mean the volume-weighted average price of the
Ordinary Shares as reported during the ten (10) trading day period ending on the trading day prior to the date that notice of exercise
is received by the Warrant Agent from the holder of such Warrants or its securities broker or intermediary. The date that notice of “cashless
exercise” is received by the Warrant Agent shall be conclusively determined by the Warrant Agent. In connection with the “cashless
exercise” of a Public Warrant, the Company shall, upon request, provide the Warrant Agent with an opinion of counsel for the Company
(which shall be an outside law firm with securities law experience) stating that (i) the exercise of the Public Warrants on a “cashless
basis” in accordance with this subsection 7.4.1 is not required to be registered under the Securities Act and (ii) the
Ordinary Shares issued upon such exercise shall be freely tradable under United States federal securities laws by anyone who is not an
affiliate (as such term is defined in Rule 144 under the Securities Act) of the Company and, accordingly, shall not be required to
bear a restrictive legend. Except as provided in subsection 7.4.2, for the avoidance of doubt, unless and until all of the Warrants
have been exercised or have expired, the Company shall continue to be obligated to comply with its registration obligations under the
first three sentences of this subsection 7.4.1.

 

7.4.2       
Cashless Exercise at Company’s Option. If the Ordinary Shares are at the time of any exercise of a Public 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, the Company may, at its option, (i) require holders of Public Warrants who exercise Public Warrants
to exercise such Public Warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act as
described in subsection 7.4.1 and (ii) in the event the Company so elects, the Company shall (x) not be required to file
or maintain in effect a registration statement for the registration, under the Securities Act, of the Ordinary Shares issuable
upon exercise of the Warrants, notwithstanding anything in this Agreement to the contrary, and (y) use its commercially reasonable
efforts to register or qualify for sale the Ordinary Shares issuable upon exercise of the Public Warrant under applicable blue
sky laws to the extent an exemption is not available.

 

7.4.3            Notwithstanding
the foregoing, if at any time pursuant to this Agreement the Public Warrants may be exercised on a “cashless basis” pursuant
to this Section 7.4, the exercise of the Public Warrants must be completed pursuant to subsection 3.3.1(b) hereof.

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8.            Concerning the Warrant Agent and Other Matters.

 

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

 

8.2          Resignation, Consolidation, or Merger of Warrant Agent.

 

8.2.1       
Appointment of Successor Warrant Agent. The Warrant Agent, or any successor to it hereafter appointed, may resign
its duties and be discharged from all further duties and liabilities hereunder after giving sixty (60) days’ notice in writing
to the Company. If the office of the Warrant Agent becomes vacant by resignation or incapacity to act or otherwise, the Company
shall appoint in writing a successor Warrant Agent in place of the Warrant Agent. If the Company shall fail to make such appointment
within a period of thirty (30) days after it has been notified in writing of such resignation or incapacity by the Warrant Agent
or by the holder of a Warrant (who shall, with such notice, submit his, her or its Warrant for inspection by the Company), then
the holder of any Warrant may apply to the Supreme Court of the State of New York for the County of New York for the appointment
of a successor Warrant Agent at the Company’s cost. Any successor Warrant Agent, whether appointed by the Company or by such
court, shall be a corporation or other entity organized and existing under the laws of the State of New York, in good standing
and having its principal office in the United States of America, and authorized under such laws to exercise corporate trust powers
and subject to supervision or examination by federal or state authority. After appointment, any successor Warrant Agent shall be
vested with all the authority, powers, rights, immunities, duties, and obligations of its predecessor Warrant Agent with like effect
as if originally named as Warrant Agent hereunder, without any further act or deed; but if for any reason it becomes necessary
or appropriate, the predecessor Warrant Agent shall execute and deliver, at the expense of the Company, an instrument transferring
to such successor Warrant Agent all the authority, powers, and rights of such predecessor Warrant Agent hereunder; and upon request
of any successor Warrant Agent the Company shall make, execute, acknowledge, and deliver any and all instruments in writing for
more fully and effectually vesting in and confirming to such successor Warrant Agent all such authority, powers, rights, immunities,
duties, and obligations.

 

8.2.2       
Notice of Successor Warrant Agent. In the event a successor Warrant Agent shall be appointed, the Company shall give
notice thereof to the predecessor Warrant Agent and the Transfer Agent for the Ordinary Shares not later than the effective date
of any such appointment.

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8.2.3       
Merger or Consolidation of Warrant Agent. Any entity into which the Warrant Agent may be merged or with which it
may be consolidated or any entity resulting from any merger or consolidation to which the Warrant Agent shall be a party shall
be the successor Warrant Agent under this Agreement without any further act.

 

8.3          Fees and Expenses of Warrant Agent.

 

8.3.1       
Remuneration. The Company agrees to pay the Warrant Agent reasonable remuneration for its services as such Warrant
Agent hereunder and shall, pursuant to its obligations under this Agreement, reimburse the Warrant Agent upon demand for all expenditures
that the Warrant Agent may reasonably incur in the execution of its duties hereunder.

 

8.3.2       
Further Assurances. The Company agrees to perform, execute, acknowledge, and deliver or cause to be performed, executed,
acknowledged, and delivered all such further and other acts, instruments, and assurances as may reasonably be required by the Warrant
Agent for the carrying out or performing of the provisions of this Agreement.

 

8.4          Liability of Warrant Agent.

 

8.4.1       
Reliance on Company Statement. Whenever in the performance of its duties under this Agreement, the Warrant Agent
shall deem it necessary or desirable that any fact or matter be proved or established by the Company prior to taking or suffering
any action hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed
to be conclusively proved and established by a statement signed by the Chief Executive Officer, the President, the Chief Financial
Officer, Chief Operating Officer, the General Counsel, the Secretary or the Chairman or a Co-Chairman of the Board of the Company
and delivered to the Warrant Agent. The Warrant Agent may rely upon such statement for any action taken or suffered in good faith
by it pursuant to the provisions of this Agreement.

 

8.4.2       
Indemnity. The Warrant Agent shall be liable hereunder only for its own gross negligence, willful misconduct, fraud
or bad faith. The Company agrees to indemnify the Warrant Agent and save it harmless against any and all liabilities, including
judgments, out-of-pocket costs and reasonable outside counsel fees, for anything done or omitted by the Warrant Agent in the execution
of this Agreement, except as a result of the Warrant Agent’s gross negligence, willful misconduct, fraud or bad faith.

 

8.4.3       
Exclusions. The Warrant Agent shall have no responsibility with respect to the validity of this Agreement or with
respect to the validity or execution of any Warrant (except its countersignature thereof). The Warrant Agent shall not be responsible
for any breach by the Company of any covenant or condition contained in this Agreement or in any Warrant. The Warrant Agent shall
not be responsible to make any adjustments required under the provisions of Section 4 hereof or responsible for the manner,
method, or amount of any such adjustment or the ascertaining of the existence of facts that would require any such adjustment;
nor shall it by any act hereunder be deemed to make any representation or warranty as to the authorization or reservation of any
Ordinary Shares to be issued pursuant to this Agreement or any Warrant or as to whether any Ordinary Shares shall, when issued,
be valid and fully paid and nonassessable.

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8.5           Acceptance of Agency. The Warrant Agent hereby accepts the agency established by this Agreement and agrees to perform
the same upon the terms and conditions herein set forth and among other things, shall account promptly to the Company with respect
to Warrants exercised and concurrently account for, and pay to the Company, all monies received by the Warrant Agent for the purchase
of Ordinary Shares through the exercise of the Warrants.

 

8.6           Waiver. The Warrant Agent has no right of set-off or any other right, title, interest or claim of any kind (“Claim”)
in, or to any distribution of, the Trust Account (as defined in that certain Investment Management Trust Agreement, dated as of
the date hereof, by and between the Company and Continental Stock Transfer & Trust Company as trustee thereunder) and hereby
agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason whatsoever.
The Warrant Agent hereby waives any and all Claims against the Trust Account and any and all rights to seek access to the Trust
Account.

 

9.            Miscellaneous Provisions.

 

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

 

9.2           Notices. Any notice, statement or demand authorized by this Agreement to be given or made by the Warrant Agent or
by the holder of any Warrant to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery
or if sent by certified mail or private courier service within five (5) days after deposit of such notice, postage prepaid, addressed
(until another address is filed in writing by the Company with the Warrant Agent), as follows:

 

GP-Act III Acquisition Corp.

300 Park Avenue, 2nd Floor

New York, New York 10022

United States of America

Attention: Chief Financial Officer

 

with a copy to the Company’s counsel at:

 

Skadden, Arps, Slate, Meagher & Flom LLP

Av. Brigadeiro Faria Lima, 3311, 7th Floor

04538-133 São Paulo, SP

Brazil

Attn: J. Mathias von Bernuth, Esq.; and Carlo von Hanstein, Esq.

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Any notice, statement or demand authorized by this Agreement
to be given or made by the holder of any Warrant or by the Company to or on the Warrant Agent shall be sufficiently given when
so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five (5) days after
deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Warrant Agent with the Company),
as follows:

 

Continental Stock Transfer & Trust Company

One State Street, 30th Floor

New York, NY 10004

Attention: Compliance Department

 

9.3            Applicable
Law and Exclusive Forum. The validity, interpretation, and performance of this Agreement and of the Warrants shall be governed in
all respects by the laws of the State of New York. Subject to applicable law, the Company hereby agrees that any action, proceeding or
claim against it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of
New York or the United States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which
jurisdiction shall be the exclusive forum for any such action, proceeding or claim. The Company hereby waives any objection to such exclusive
jurisdiction and that such courts represent an inconvenient forum. Notwithstanding the foregoing, the provisions of this paragraph will
not apply to suits brought to enforce any liability or duty created by the Exchange Act or any other claim for which the federal district
courts of the United States of America are the sole and exclusive forum.

 

Any
person or entity purchasing or otherwise acquiring any interest in the Warrants shall be deemed to have notice of and to have consented
to the forum provisions in this Section 9.3. If any action, the subject matter of which is within the scope of the forum provisions
above, is filed in a court other than a court located within the State of New York or the United States District Court for the Southern
District of New York (a “foreign action”) in the name of any warrant holder, such warrant holder shall be deemed
to have consented to: (x) the personal jurisdiction of the state and federal courts located within the State of New York or the United
States District Court for the Southern District of New York in connection with any action brought in any such court to enforce the forum
provisions (an “enforcement action”), and (y) having service of process made upon such warrant holder in any such
enforcement action by service upon such warrant holder’s counsel in the foreign action as agent for such warrant holder.

 

9.4           Persons Having Rights under this Agreement. Nothing in this Agreement shall be construed to confer upon, or give
to, any person, corporation or other entity other than the parties hereto and the Registered Holders of the Warrants any right,
remedy, or claim under or by reason of this Agreement or of any covenant, condition, stipulation, promise, or agreement hereof.
All covenants, conditions, stipulations, promises, and agreements contained in this Agreement shall be for the sole and exclusive
benefit of the parties hereto and their successors and assigns and of the Registered Holders of the Warrants.

 

9.5           Examination of the Warrant Agreement. A copy of this Agreement shall be available at all reasonable times at the
office of the Warrant Agent in the United States of America, for inspection by the Registered Holder of any Warrant. The Warrant
Agent may require any such holder to submit such holder’s Warrant for inspection by the Warrant Agent.

 

9.6           Counterparts;
Electronic Signatures. This Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts
shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.
A signature to this Agreement transmitted electronically shall have the same authority, effect and enforceability as an original signature.

 

    20 

     

    

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

 

9.8           Amendments.
This Agreement may be amended by the parties hereto without the consent of any Registered Holder for the purpose of (i) curing any
ambiguity or correcting any mistake, including conforming the provisions hereof to the description of the terms of the Warrants and this
Agreement set forth in the Prospectus, or defective provision contained herein, (ii) removing or reducing the Company’s ability
to redeem the Public Warrants, or (iii) adding or changing any provisions with respect to matters or questions arising under this
Agreement as the parties may deem necessary or desirable and that the parties deem shall not adversely affect the rights of the Registered
Holders under this Agreement in any material respect. This Agreement may be amended by the parties hereto with the vote or written consent
of the Registered Holders of at least 50% of the then outstanding Public Warrants and Private Placement Warrants, voting together as
a single class, to allow for the Warrants to be or continue to be, as applicable, classified as equity in the Company’s financial
statements. All other modifications or amendments, including any modification or amendment to increase the Warrant Price or shorten the
Exercise Period, with respect to (a) the terms of the Public Warrants or any provision of this Agreement with respect to the Public
Warrants, shall require the vote or written consent of the Registered Holders of at least 50% of the then outstanding Public Warrants,
(b) the terms of the Private Placement Warrants or any provision of this Agreement with respect to the Private Placement Warrants
shall require the vote or written consent of holders of at least 50% of the then outstanding Private Placement Warrants, and (c) the
terms of the Forward Purchase Warrants or any provision of this Agreement with respect to the Forward Purchase Warrants shall require
the vote or written consent of holders of at least 50% of the then outstanding Forward Purchase Warrants. Notwithstanding the foregoing,
the Company may lower the Warrant Price or extend the duration of the Exercise Period pursuant to and in accordance with Sections 3.1
and 3.2, respectively, without the consent of the Registered Holders.

 

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

 

Exhibit A Form of Warrant Certificate

Exhibit B Legend — Private Placement Warrants (including Forward Purchase Warrants)

    21 

     

    

IN WITNESS WHEREOF, the parties hereto have
caused this Agreement to be duly executed as of the date first above written.

 

	 	GP-ACT III ACQUISITION CORP.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Warrant Agreement]

    

     

    

 

	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Warrant Agent
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title

 

[Signature Page to Warrant Agreement]

     

     

    

EXHIBIT A

 

[FACE]

 

Number

 

Warrants

 

THIS WARRANT SHALL BE VOID IF NOT EXERCISED
PRIOR TO

THE EXPIRATION OF THE EXERCISE PERIOD PROVIDED FOR

IN THE WARRANT AGREEMENT DESCRIBED BELOW

 

GP-Act III Acquisition Corp.

Incorporated Under the Laws of the Cayman Islands 

 

CUSIP G4035N 129

 

Warrant Certificate

 

This Warrant Certificate certifies that
[·], or registered assigns, is the registered holder of [·] warrant(s) (the “Warrants” and each,
a “Warrant”) to purchase Class A ordinary shares, $0.0001 par value (“Ordinary Shares”),
of GP-Act III Acquisition Corp., a Cayman Islands exempted company (the “Company”). Each Warrant entitles the
holder, upon exercise during the period set forth in the Warrant Agreement referred to below, to receive from the Company that
number of fully paid and nonassessable Ordinary Shares as set forth below, at the exercise price (the “Exercise Price”)
as determined pursuant to the Warrant Agreement, payable in lawful money (or through “cashless exercise” as
provided for in the Warrant Agreement) of the United States of America upon surrender of this Warrant Certificate and payment of
the Exercise Price at the office or agency of the Warrant Agent referred to below, subject to the conditions set forth herein and
in the Warrant Agreement. Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to
them in the Warrant Agreement.

 

Each whole Warrant is initially exercisable
for one fully paid and non-assessable Ordinary Share. Fractional shares shall not be issued upon exercise of any Warrant. If, upon
the exercise of Warrants, a holder would be entitled to receive a fractional interest in an Ordinary Share, the Company shall,
upon exercise, round down to the nearest whole number the number of Ordinary Shares to be issued to the Warrant holder. The number
of Ordinary Shares issuable upon exercise of the Warrants is subject to adjustment upon the occurrence of certain events as set
forth in the Warrant Agreement.

 

The initial Exercise Price per one Ordinary
Share for any Warrant is equal to $11.50 per share. The Exercise Price is subject to adjustment upon the occurrence of certain
events as set forth in the Warrant Agreement.

 

Subject to the conditions set forth in the
Warrant Agreement, the Warrants may be exercised only during the Exercise Period and to the extent not exercised by the end of
such Exercise Period, such Warrants shall become void. The Warrants may be redeemed, subject to certain conditions, as set forth
in the Warrant Agreement.

    1

     

    

Reference is hereby made to the further
provisions of this Warrant Certificate set forth on the reverse hereof and such further provisions shall for all purposes have
the same effect as though fully set forth at this place.

 

This Warrant Certificate shall not be valid
unless countersigned by the Warrant Agent, as such term is used in the Warrant Agreement.

 

This Warrant Certificate shall be governed
by and construed in accordance with the internal laws of the State of New York.

 

	 	GP-ACT III ACQUISITION CORP.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title: Authorized Signatory

 

	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, AS WARRANT AGENT
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title

    2

     

    

[Form of Warrant Certificate]

 

[Reverse]

 

The Warrants evidenced by this Warrant Certificate
are part of a duly authorized issue of Warrants entitling the holder on exercise to receive [·] Ordinary Shares and are issued
or to be issued pursuant to a Warrant Agreement dated as of [·], 2021 (the “Warrant Agreement”),
duly executed and delivered by the Company to Continental Stock Transfer & Trust Company, a New York corporation, as warrant
agent (the “Warrant Agent”), which Warrant Agreement is hereby incorporated by reference in and made a part
of this instrument and is hereby referred to for a description of the rights, limitation of rights, obligations, duties and immunities
thereunder of the Warrant Agent, the Company and the holders (the words “holders” or “holder”
meaning the Registered Holders or Registered Holder, respectively) of the Warrants. A copy of the Warrant Agreement may be obtained
by the holder hereof upon written request to the Company. Defined terms used in this Warrant Certificate but not defined herein
shall have the meanings given to them in the Warrant Agreement.

 

Warrants may be exercised at any time during
the Exercise Period set forth in the Warrant Agreement. The holder of Warrants evidenced by this Warrant Certificate may exercise
them by surrendering this Warrant Certificate, with the form of Election to Purchase set forth hereon properly completed and executed,
together with payment of the Exercise Price as specified in the Warrant Agreement (or through “cashless exercise”
as provided for in the Warrant Agreement) at the principal corporate trust office of the Warrant Agent. In the event that upon
any exercise of Warrants evidenced hereby, the number of Warrants exercised shall be less than the total number of Warrants evidenced
hereby, there shall be issued to the holder hereof or his, her or its assignee, a new Warrant Certificate evidencing the number
of Warrants not exercised.

 

Notwithstanding anything else in this Warrant
Certificate or the Warrant Agreement, no Warrant may be exercised unless at the time of exercise (i) a registration statement covering
the issuance of the Ordinary Shares to be issued upon exercise is effective under the Securities Act and (ii) a prospectus thereunder
relating to the Ordinary Shares is current, except through “cashless exercise” as provided for in the Warrant
Agreement or if another exemption from registration is available.

 

The Warrant Agreement provides that upon
the occurrence of certain events the number of Ordinary Shares issuable upon exercise of the Warrants set forth on the face hereof
may, subject to certain conditions, be adjusted. If, upon exercise of a Warrant, the holder thereof would be entitled to receive
a fractional interest in an Ordinary Share, the Company shall, upon exercise, round down to the nearest whole number of Ordinary
Shares to be issued to the holder of the Warrant.

 

Warrant Certificates, when surrendered at
the principal corporate trust office of the Warrant Agent by the Registered Holder thereof in person or by legal representative
or attorney duly authorized in writing, may be exchanged, in the manner and subject to the limitations provided in the Warrant
Agreement, but without payment of any service charge, for another Warrant Certificate or Warrant Certificates of like tenor evidencing
in the aggregate a like number of Warrants.

    3

     

    

Upon due presentation for registration of
transfer of this Warrant Certificate at the office of the Warrant Agent a new Warrant Certificate or Warrant Certificates of like
tenor and evidencing in the aggregate a like number of Warrants shall be issued to the transferee(s) in exchange for this Warrant
Certificate, subject to the limitations provided in the Warrant Agreement, without charge except for any tax or other governmental
charge imposed in connection therewith.

 

The Company and the Warrant Agent may deem
and treat the Registered Holder(s) hereof as the absolute owner(s) of this Warrant Certificate (notwithstanding any notation of
ownership or other writing hereon made by anyone), for the purpose of any exercise hereof, of any distribution to the holder(s)
hereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary.
Neither the Warrants nor this Warrant Certificate entitles any holder hereof to any rights of a shareholder of the Company.

    4

     

    

Election to Purchase

 

(To Be Executed Upon Exercise of Warrant)

 

The undersigned hereby irrevocably elects
to exercise the right, represented by this Warrant Certificate, to receive [·] Ordinary Shares and herewith tenders payment
for such Ordinary Shares to the order of GP-Act III Acquisition Corp. (the “Company”) in the amount of $[·]
in accordance with the terms hereof. The undersigned requests that a certificate for such Ordinary Shares be registered in the
name of [·], whose address is [·] and that such Ordinary Shares be delivered to [·] whose address is [·].
If said number of Ordinary Shares is less than all of the Ordinary Shares purchasable hereunder, the undersigned requests that
a new Warrant Certificate representing the remaining balance of such Ordinary Shares be registered in the name of [·], whose
address is [·] and that such Warrant Certificate be delivered to [·], whose address is [·].

 

In the event that the Warrant is a Public Warrant
that is to be exercised on a “cashless basis” as required by the Company pursuant to Section 6.1 of the Warrant
Agreement, the number of Ordinary Shares that this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(c) of
the Warrant Agreement.

 

In the event that the Warrant is a Private
Placement Warrant that is to be exercised on a “cashless” basis pursuant to subsection 3.3.1(c) of the Warrant
Agreement, the number of Ordinary Shares that this Warrant is exercisable for shall be determined in accordance with subsection
3.3.1(c) of the Warrant Agreement.

 

In the event that the Warrant is a Public Warrant
that is to be exercised on a “cashless” basis pursuant to Section 7.4 of the Warrant Agreement, the number of
Ordinary Shares that this Warrant is exercisable for shall be determined in accordance with Section 7.4 of the Warrant Agreement.

 

In the event that the Warrant may be exercised,
to the extent allowed by the Warrant Agreement, through cashless exercise (i) the number of Ordinary Shares that this Warrant is
exercisable for would be determined in accordance with the relevant section of the Warrant Agreement which allows for such cashless
exercise and (ii) the holder hereof shall complete the following: The undersigned hereby irrevocably elects to exercise the right,
represented by this Warrant Certificate, through the cashless exercise provisions of the Warrant Agreement, to receive Ordinary
Shares. If said number of shares is less than all of the Ordinary Shares purchasable hereunder (after giving effect to the cashless
exercise), the undersigned requests that a new Warrant Certificate representing the remaining balance of such Ordinary Shares be
registered in the name of [·], whose address is [·] and that such Warrant Certificate be delivered to [·], whose
address is [·].

 

[Signature Page Follows]

    5

     

    

Date: [·]

 

	 	(Signature)	 
	 	 	 
	 	(Address)	 
	 	 	 
	 	 	 
	 	(Tax Identification Number)

 

Signature Guaranteed:

                                                      

 

THE SIGNATURE(S) SHOULD BE GUARANTEED BY
AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED
SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED).

    6

     

    

EXHIBIT B

 

LEGEND

 

 

THE SECURITIES
REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND
MAY NOT BE OFFERED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND
ANY APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE. IN ADDITION, SUBJECT TO ANY ADDITIONAL LIMITATIONS
ON TRANSFER DESCRIBED IN THE LETTER AGREEMENT (THE “LETTER AGREEMENT”) BY AND AMONG GP-ACT III ACQUISITION CORP. (THE
 “COMPANY”), GPIAC II, LLC, IDS III LLC AND THE OTHER PARTIES THERETO, THE SECURITIES REPRESENTED HEREBY
MAY NOT BE SOLD OR TRANSFERRED PRIOR TO THE DATE THAT IS THIRTY (30) DAYS AFTER THE DATE UPON WHICH THE COMPANY COMPLETES ITS INITIAL
BUSINESS COMBINATION (AS DEFINED IN THE RECITALS OF THE WARRANT AGREEMENT REFERRED TO HEREIN) EXCEPT TO A PERMITTED TRANSFEREE (AS DEFINED
IN THE LETTER AGREEMENT) WHO AGREES IN WRITING WITH THE COMPANY TO BE SUBJECT TO SUCH TRANSFER PROVISIONS.

 

SECURITIES EVIDENCED BY THIS CERTIFICATE AND CLASS A ORDINARY
SHARES OF THE COMPANY ISSUED UPON EXERCISE OF SUCH SECURITIES SHALL BE ENTITLED TO REGISTRATION RIGHTS UNDER A REGISTRATION RIGHTS
AGREEMENT TO BE EXECUTED BY THE COMPANY.

 

NO. [·] WARRANT

    1

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