Document:

Exhibit 10.1

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT AGREEMENT
(the “Agreement”), is entered into as of April 27, 2022 (the “Effective Date”), by and between
GREEN GIANT INC., incorporated under the laws of the State of Florida (the “Company”), and Rongrong Dai, an individual
(the “Executive”). Except with respect to the direct employment of the Executive by the Company, the term “Company”
as used herein with respect to all obligations of the Executive hereunder shall be deemed to include the Company and all of its subsidiaries
and affiliated entities (collectively, the “Group”).

 

RECITALS

 

 A.      The Company desires to employ the Executive as its Chief Financial Officer and to assure itself of the services of the Executive during the term of Employment (as defined below).

 

 B.      The Executive desires to be employed by the Company as its Chief Financial Officer during the term of Employment and upon the terms and conditions of this Agreement.

 

AGREEMENT

 

The parties hereto
agree as follows:

 

1. POSITION

 

The Executive hereby accepts
a position of Chief Financial Officer and an independent director of the Board (the “Employment”) of the Company.

 

2. TERM

 

Subject to the terms and conditions
of this Agreement, the initial term of the Employment shall be 2 years commencing on the Effective Date, unless terminated earlier pursuant
to the terms of this Agreement. The Employment will be renewed automatically for additional one-year terms if neither the Company nor
the Executive provides a notice of termination of the Employment to the other party or otherwise proposes to renegotiate the terms of
the Employment with the other party within three months prior to the expiration of the applicable term.

 

3. DUTIES AND RESPONSIBILITIES

 

		a)	The Executive’s duties at the Company will include all jobs assigned by the Company’s Board
of the Directors (the “Board”).

 

		b)	The Executive shall devote all of his working time, attention and skills to the performance of his duties
at the Company and shall faithfully and diligently serve the Company in accordance with this Agreement, the Certificate of Incorporation
and Bylaws of the Company, as amended and restated from time to time (the

 

		c)	“Charter Documents”), and the guidelines, policies and procedures of the Company approved
from time to time by the Board.

 

		d)	The Executive shall use his best efforts to perform his duties hereunder. The Executive shall not,
                                                                without the prior written consent of the Board, become an employee of any entity other than the Company and any subsidiary or
                                                                affiliate of the Company, and shall not be concerned or interested in any business or entity that engages in the same business in
                                                                which the Company engages (any such business or entity, a “Competitor”), provided that nothing in this clause
                                                                shall preclude the Executive from holding any shares or other securities of any Competitor that is listed on any securities exchange
                                                                or recognized securities market anywhere if such shares or securities represent less than 5% of the competitors outstanding shares
                                                                and securities. The Executive shall notify the
Company in writing of his interest in such shares or securities in a timely manner and with such details and particulars as the Company
may reasonably require

 

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4. NO BREACH OF CONTRACT

 

The Executive hereby represents
to the Company that: (i) the execution and delivery of this Agreement by the Executive and the performance by the Executive of the
Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any other agreement or policy
to which the Executive is a party or otherwise bound, except for agreements entered into by and between the Executive and any member of
the Group pursuant to applicable law, if any; (ii) that the Executive has no information (including, without limitation, confidential
information and trade secrets) relating to any other person or entity which would prevent, or be violated by, the Executive entering into
this Agreement or carrying out his duties hereunder; (iii) that the Executive is not bound by any confidentiality, trade secret or
similar agreement (other than this) with any other person or entity except for other member(s) of the Group, as the case may be.

 

5. Intentionally Omitted

 

6. COMPENSATION AND BENEFITS

 

		a)	Base Salary. The Executive shall not have an initial base salary; such compensation arrangement
is subject to annual review and adjustment by the Board.

 

		b)	Bonus. The Executive shall be eligible for Bonuses determined by the Board.

 

		c)	Equity Incentives. To the extent the Company adopts and maintains a share incentive plan, the Executive
will be eligible to participate in such plan pursuant to the terms thereof as determined by the Board.

 

		d)	Benefits. The Executive is eligible for participation in any standard employee benefit plan of
the Company that currently exists or may be adopted by the Company in the future, including, but not limited to, any retirement plan,
life insurance plan, health insurance plan and travel/holiday plan.

 

		e)	Expenses. The Executive shall be entitled to reimbursement by the Company for all reasonable ordinary
and necessary travel and other expenses incurred by the Executive in the performance of his duties under this Agreement; provided that
he properly accounts for such expenses in accordance with the Company’s policies and procedures.

 

7. TERMINATION OF THE AGREEMENT

 

		(a)	By the Company.

 

(i)            For
Cause. The Company may terminate the Employment for cause, at any time, without notice or remuneration (unless notice or remuneration
is specifically required by applicable law, in which case notice or remuneration will be provided in accordance with applicable law),
if:

 

		(1)	the Executive is convicted or pleads guilty to a felony or to an act of fraud, misappropriation or embezzlement,

 

		(2)	the Executive has been grossly negligent or acted dishonestly to the detriment of the Company,

 

		(3)	the Executive has engaged in actions amounting to willful misconduct or failed to perform his duties hereunder
and such failure continues after the Executive is afforded a reasonable opportunity to cure such failure; or

 

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		(4)	the Executive violates Section 8 or 10 of this Agreement.

 

Upon termination
for cause, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination. However, the Executive
will not be entitled to receive payment of any severance benefits or other amounts by reason of the termination, and the Executive’s
right to all other benefits will terminate, except as required by any applicable law.

 

(ii) For
death and disability. The Company may also terminate the Employment, at any time, without notice or remuneration (unless notice or
remuneration is specifically required by applicable law, in which case notice or remuneration will be provided in accordance with applicable
law), if:

 

		(1)	the Executive has died, or

 

		(2)	the Executive has a disability which shall mean a physical or mental impairment which, as reasonably determined
by the Board, renders the Executive unable to perform the essential functions of his employment with the Company, with or without reasonable
accommodation, for more than 120 days in any 12-month period, unless a longer period is required by applicable law, in which case that
longer period would apply.

 

Upon termination
for death or disability, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination. However,
the Executive will not be entitled to receive payment of any severance benefits or other amounts by reason of the termination, and the
Executive’s right to all other benefits will terminate, except as required by any applicable law.

 

		(iii)	Without Cause. The Company may terminate the Employment without cause, at any time, upon one month
prior written notice. Upon termination without cause, the Company shall provide the following severance payments and benefits to the Executive:
(1) a lump sum cash payment equal to1 months of the Executive’s base salary as of the date of such termination; (2) a
lump sum cash payment equal to a pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any;
(3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination,
if any; and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive.

 

Upon termination
without, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.

 

		(iv)	Change of Control Transaction. If the Company or its successor terminates the Employment upon a
merger, consolidation, or transfer or sale of all or substantially all of the assets of the Company with or to any other individual(s) or
entity (the “Change of Control Transaction”), the Executive shall be entitled to the following severance payments and
benefits upon such termination: (1) a lump sum cash payment equal to 1 months of the Executive’s base salary at a rate equal
to the greater of his/her annual salary in effect immediate1y prior to the termination, or his/her then current annua1 salary as of the
date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his/her target annual bonus for the year immediately
preceding the termination; (3) payment of premiums for continued health benefits under the Company’s health plans for 12 months
fo1lowing the termination; and (4) immediate vesting of 100% of the then unvested portion of any outstanding equity awards held by
the Executive.

 

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		(b)	By the Executive. The Executive may terminate the Employment at any time with a one-month
                                                                 prior written notice to the Company, if (1) there is a material reduction in the Executive’s authority, duties and responsibilities,
or (2) there is a material reduction in the Executive’s annual salary. Upon the Executive’s termination of the Employment
due to either of the above reasons, the Company shall provide compensation to the Executive equivalent to 1 months of the Executive’s
base salary that he is entitled to immediately prior to such termination. In addition, the Executive may resign prior to the expiration
of the Agreement if such resignation is approved by the Board or an alternative arrangement with respect to the Employment is agreed to
by the Board.

 

		(c)	Notice of Termination. Any termination of the Executive’s employment under this Agreement
shall be communicated by written notice of termination from the terminating party to the other party. The notice of termination shall
indicate the specific provision(s) of this Agreement relied upon in effecting the termination.

 

8. CONFIDENTIALITY AND NON-DISCLOSURE

 

(a)            Confidentiality
and Non-disclosure. The Executive hereby agrees at all times during the term of the Employment and after his termination, to hold
in the strictest confidence, and not to use, except for the benefit of the Company, or to disclose to any person, corporation or other
entity without prior written consent of the Company, any Confidential Information. The Executive understands that “Confidential
Information” means any proprietary or confidential information of the Company, its affiliates, or their respective clients, customers
or partners, including, without limitation, technical data, trade secrets, research and development information, product plans, services,
customer lists and customers, supplier lists and suppliers, software developments, inventions, processes, formulas, technology, designs,
hardware, configuration information, personnel information, marketing, finances, information about the suppliers, joint ventures, franchisees,
distributors and other persons with whom the Company does business, information regarding the skills and compensation of other employees
of the Company or other business information disclosed to the Executive by or obtained by the Executive from the Company, its affiliates,
or their respective clients, customers or partners, either directly or indirectly, in writing, orally or otherwise, if specifically indicated
to be confidential or reasonably expected to be confidential. Notwithstanding the foregoing, Confidential Information shall not include
information that is generally available and known to the public through no fault of the Executive.

 

(b)            Company
Property. The Executive understands that all documents (including computer records, facsimile and e-mail) and materials created, received
or transmitted in connection with his work or using the facilities of the Company are property of the Company and subject to inspection
by the Company at any time. Upon termination of the Executive’s employment with the Company (or at any other time when requested
by the Company), the Executive will promptly deliver to the Company all documents and materials of any nature pertaining to his work with
the Company and will provide written certification of his compliance with this Agreement. Under no circumstances will the Executive have,
following his termination, in his possession any property of the Company, or any documents or materials or copies thereof containing any
Confidential Information.

 

(c)            Former
Employer Information. The Executive agrees that he has not and will not, during the term of his employment, (i) improperly use
or disclose any proprietary information or trade secrets of any former employer or other person or entity with which the Executive has
an agreement or duty to keep in confidence information acquired by Executive, if any, or (ii) bring into the premises of the Company
any document or confidential or proprietary information belonging to such former employer, person or entity unless consented to in writing
by such former employer, person or entity. The Executive will indemnify the Company and hold it harmless from and against all claims,
liabilities, damages and expenses, including reasonable attorneys’ fees and costs of suit, arising out of or in connection with
any violation of the foregoing.

 

(d)            Third
Party Information. The Executive recognizes that the Company may have received, and in the future may receive, from third parties
their confidential or proprietary information subject to a duty on the Company’s part to maintain the confidentiality of such information
and to use it only for certain limited purposes. The Executive agrees that the Executive owes the Company and such third parties, during
the Executive’s employment by the Company and thereafter, a duty to hold all such confidential or proprietary information in the
strictest confidence and not to disclose it to any person or firm and to use it in a manner consistent with, and for the limited purposes
permitted by, the Company’s agreement with such third party.

 

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This
Section 8 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this
Section 8, the Company shall have right to seek remedies permissible under applicable law.

 

9. CONFLICTING EMPLOYMENT.

 

The Executive hereby agrees
that, during the term of his employment with the Company, he or she will not engage in any other employment, occupation, consulting or
other business activity related to the business in which the Company is now involved or becomes involved during the term of the Executive’s
employment, nor will the Executive engage in any other activities that conflict with his obligations to the Company without the prior
written consent of the Company.

 

10. NON-COMPETITION AND NON-SOLICITATION

 

In consideration of the salary
paid to the Executive by the Company and subject to applicable law, the Executive agrees that during the term of the Employment and for
a period of one (1) year following the termination of the Employment for whatever reason:

 

(a)            The
Executive will not approach clients, customers or contacts of the Company or other persons or entities introduced to the Executive in
the Executive’s capacity as a representative of the Company for the purposes of doing business with such persons or entities which
will harm the business relationship between the Company and such persons and/or entities;

 

(b)            The
Executive will not assume employment with or provide services as a director or otherwise for any Competitor, or engage, whether as principal,
partner, licensor or otherwise, in any Competitor; and

 

(c)            The
Executive will not seek, directly or indirectly, by the offer of alternative employment or other inducement whatsoever, to solicit the
services of any employee of the Company employed as at or after the date of such termination, or in the year preceding such termination.

 

The provisions contained in
Section 10 are considered reasonable by the Executive and the Company. In the event that any such provisions should be found to be
void under applicable laws but would be valid if some part thereof was deleted or the period or area of application reduced, such provisions
shall apply with such modification as may be necessary to make them valid and effective.

 

This Section 10 shall
survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 10, the Executive acknowledges
that there will be no adequate remedy at law, and the Company shall be entitled to injunctive relief and/or a decree for specific performance,
and such other relief as may be proper (including monetary damages if appropriate). In any event, the Company shall have right to seek
all remedies permissible under applicable law.

 

11. WITHHOLDING TAXES

 

Notwithstanding anything else
herein to the contrary, the Company may withhold (or cause there to be withheld, as the case may be) from any amounts otherwise due or
payable under or pursuant to this Agreement such national, provincial, local or any other income, employment, or other taxes as may be
required to be withheld pursuant to any applicable law or regulation.

 

12. ASSIGNMENT

 

This Agreement is
personal in its nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement
or any rights or obligations hereunder; provided, however, that (i) the Company may assign or transfer this Agreement or any
rights or obligations hereunder to any member of the Group without such consent, and (ii) in the event of a Change of Control
Transaction, this Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor and
such successor shall discharge and perform all the promises, covenants, duties, and obligations of the Company hereunder.

 

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13. SEVERABILITY

 

If any provision of this Agreement
or the application thereof is held invalid, the invalidity shall not affect other provisions or applications of this Agreement which can
be given effect without the invalid provisions or applications and to this end the provisions of this Agreement are declared to be severable.

 

14. ENTIRE AGREEMENT

 

This Agreement constitutes
the entire agreement and understanding between the Executive and the Company regarding the terms of the Employment and supersedes all
prior or contemporaneous oral or written agreements concerning such subject matter, including any prior agreements between the Executive
and a member of the Group. The Executive acknowledges that he or she has not entered into this Agreement in reliance upon any representation,
warranty or undertaking which is not set forth in this Agreement. Any amendment to this Agreement must be in writing and signed by the
Executive and the Company.

 

15. GOVERNING LAW; JURISDICTION

 

This Agreement shall be governed
by and construed in accordance with the laws of the State of New York and each of the parties irrevocably consents to the jurisdiction
and venue of the federal and state courts located in New York.

 

16. AMENDMENT

 

This Agreement may not be
amended, modified or changed (in whole or in part), except by a formal, definitive written agreement expressly referring to this Agreement,
which agreement is executed by both of the parties hereto.

 

17. WAIVER

 

Neither the failure nor any
delay on the part of a party to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof,
nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or
of any right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence
be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective
unless it is in writing and is signed by the party asserted to have granted such waiver.

 

18. NOTICES

 

All notices, requests, demands and other communications
required or permitted under this Agreement shall be in writing and shall be deemed to have been duly given and made if (i) delivered
by hand, (ii) otherwise delivered against receipt therefor, or (iii) sent by a recognized courier with next-day or second-day
delivery to the last known address of the other party.

 

19. COUNTERPARTS

 

This Agreement may be executed
in any number of counterparts, each of which shall be deemed an original as against any party whose signature appears thereon, and all
of which together shall constitute one and the same instrument. This Agreement shall become binding when one or more counterparts hereof,
individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories.

 

Photographic
copies of such signed counterparts may be used in lieu of the originals for any purpose.

 

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20. NO INTERPRETATION AGAINST DRAFTER

 

Each party recognizes that
this Agreement is a legally binding contract and acknowledges that it, he or she has had the opportunity to consult with legal counsel
of choice. In any construction of the terms of this Agreement, the same shall not be construed against either party on the basis of that
party being the drafter of such terms.

 

[Remainder of this page has been intentionally
left blank.]

 

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IN WITNESS WHEREOF,
this Agreement has been executed as of the date first written above.

 

	 	GREEN GIANT INC.

 

	 	By:	/s/ Neng Chen
	 	Name:	Neng Chen
	 	Title:	Chief Executive Officer

 

	 	Executive	 
	 	Signature:	/s/ Rongrong Dai
	 	Name:	Rongrong Dai

 

    8EX-4.3

 EXHIBIT 4.3 

THIS WARRANT AND THE SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE BEEN ACQUIRED FOR INVESTMENT PURPOSES ONLY AND MAY NOT BE TRANSFERRED
UNTIL (i) A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”) SHALL HAVE BECOME EFFECTIVE WITH RESPECT THERETO OR (ii) RECEIPT BY THE COMPANY OF AN OPINION OF COUNSEL REASONABLY
SATISFACTORY TO THE COMPANY TO THE EFFECT THAT REGISTRATION UNDER THE 1933 ACT IS NOT REQUIRED IN CONNECTION WITH SUCH PROPOSED TRANSFER NOR IS SUCH TRANSFER IN VIOLATION OF ANY APPLICABLE STATE SECURITIES LAWS. THIS LEGEND SHALL BE ENDORSED UPON
ANY WARRANT ISSUED IN EXCHANGE FOR THIS WARRANT OR ANY SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT. 
 WARRANT TO PURCHASE 

SHARES OF COMMON STOCK 

OF 
 BELLEVUE LIFE
SCIENCES ACQUISITION CORP. 
 [_____], 2021 

W-[____] 

This is to Certify That, FOR VALUE RECEIVED, [______________], or his, her or its assigns (“Holder”), is entitled to
purchase, subject to the provisions of this Warrant, from BELLEVUE LIFE SCIENCES ACQUISITION CORP., Delaware corporation (the “Company”), [_____] fully paid, validly issued and nonassessable shares of the Company’s common
stock, par value $0.0001 per share (the “Shares”) at a price of $11.50 per share. The number of Shares to be received upon the exercise of this Warrant and the price to be paid for each Share may be adjusted from time to time as
hereinafter set forth. The Shares deliverable upon such exercise, as adjusted from time to time, are hereinafter sometimes referred to as “Warrant Shares,” and the exercise price for a Share in effect at any time, as adjusted from
time to time, is hereinafter sometimes referred to as the “Exercise Price.” 
 (a) EXERCISE OF WARRANT. This Warrant may be
exercised in whole or in part at any time on or after the date 30 days after the consummation by the Company of its initial merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination
with one or more businesses or entities (the “Business Combination”) (as described more fully in the Registration Statement on Form S-1 (No. [_______]) as filed with the Company, and
terminating at 5:00 p.m., Eastern time on five years from the consummation of the Business Combination (the “Expiration Date”). Each Warrant 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 the close of business on the Expiration Date. The Company in its sole discretion may extend the duration of the Warrants by delaying the Expiration Date; provided, however, that
the Company will provide at least ten (10) 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. 

 (1) This Warrant may be exercised by presentation and surrender hereof to the Company at its
principal office with the Purchase Form annexed hereto (the “Purchase Form”) duly executed and accompanied by payment of the Exercise Price for the number of Warrant Shares specified in such Purchase Form (which may take the form of
a “cashless exercise” pursuant to Section (a)(2) if so indicated in the Purchase Form). 
 (2) The Holder shall pay the
Exercise Price in immediately available funds; provided, however, that the Holder may, in the Holder’s sole discretion, satisfy its obligation to pay the Exercise Price through a “cashless exercise”, in which event the Company shall
issue to the Holder the number of Warrant Shares determined as follows: 
 X = Y(A-B)/A 

where 
 X = the number of Warrant
Shares to be issued to the Holder. 
 Y = the total number of Warrant Shares with respect to which this Warrant is being exercised. 

A = the Fair Market Value (as defined below) of one Share on the trading day immediately preceding the date on which Holder elects to exercise
this Warrant by means of a “cashless exercise.” 
 B = the Exercise Price then in effect for the applicable Warrant Shares at the
time of such exercise. 
 For purposes of this Warrant, “Fair Market Value” means, for any security as of any date, the price determined by
the first of the following clauses that applies: (a) if the Shares are then listed on a national securities exchange, the average reported last sale price of the Shares for the 10 trading days ending on the third trading day prior to the date
of exercise, (b) if the Shares are quoted on the OTC Bulletin Board or the OTC Market, the average closing bid price on such market for the five most recently completed trading days, (c) if paragraphs (a) or (b) are not applicable, if
an appraiser hired by the Company has provided a report on the fair market value of a Share within the 12-month period preceding the date on which Holder elects to exercise this Warrant by means of a
“cashless exercise,” the fair market value of a share of Shares as determined by such appraiser, or (d) if none of the foregoing is applicable, the price determined by the Board of Directors of the Company in good faith. 

(b) EFFECTIVE TIME OF EXERCISE. Each exercise of this Warrant shall be deemed to have been effected immediately prior to the close of business
on the day on which the Purchase Form has been delivered to the Company (the “Exercise Date”) as provided in Section (a). At such time, the person or persons in whose name or names any certificates for Warrant

  
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Shares shall be issuable upon such exercise as provided in Section (c) below shall be deemed to have become the holder or holders of record of the Warrant Shares represented by such
certificates. Notwithstanding the foregoing, if the Holder or any assignee does not enter into the Shareholders’ Agreement within three (3) business days of being requested to do so by the Company, then the exercise of this Warrant will be
deemed to not have been effective and void ab initio and the Holder or any assignee shall return any securities received by them pursuant to Section (c) to the Company. 

(c) DELIVERY TO HOLDER. 
 (1) As
soon as practicable after the exercise of this Warrant in whole or in part, and in any event within five (5) business days thereafter, the Company will cause to be issued in the name of, and delivered to, the Holder, or as such Holder (upon
payment by such Holder of any applicable transfer taxes) may direct: 
 (A) a certificate or certificates for the number of Warrant Shares
to which such Holder shall be entitled, and 
 (B) in case such exercise is in part only, a new warrant or warrants of like tenor,
exercisable for in the aggregate the number of Shares equal (giving effect to any adjustment therein) to the number of Shares called for on the face of this Warrant minus the number of such shares purchased by the Holder upon such exercise. 

(2) To the extent permitted by law and except as provided in this Warrant, the Company’s obligations to issue and deliver Warrant Shares
in accordance with the terms hereof are absolute and unconditional, irrespective of any action or inaction by the Holder to enforce the same, any waiver or consent with respect to any provision hereof, the recovery of any judgment against any person
or entity or any action to enforce the same, or any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by the Holder or any other person or entity of any obligation to the Company or any violation or alleged
violation of law by the Holder or any other person or entity, and irrespective of any other circumstance that might otherwise limit such obligation of the Company to the Holder in connection with the issuance of Warrant Shares. Nothing herein shall
limit the Holder’s right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Company’s failure to timely
deliver certificates representing Warrant Shares upon exercise of the Warrant as required pursuant to the terms hereof. 
 (d) RESERVATION OF
SHARES. The Company shall at all times reserve for issuance and/or delivery upon exercise of this Warrant such number of Shares (as adjusted pursuant to the terms hereof) as shall be required for issuance and delivery upon exercise of this Warrant.
The Company covenants that all Warrant Shares so issuable and deliverable shall, upon issuance and the payment of the applicable Exercise Price in accordance with the terms hereof, be duly and validly authorized, issued and fully paid and
nonassessable. The Company will take all such action as may be reasonably necessary to assure that such Warrant Shares may be issued as provided herein without violation of any applicable law or regulation, or of any requirements of any securities
exchange or automated quotation system upon which the Shares may be listed. 

  
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 (e) FRACTIONAL SHARES. No fractional shares or scrips representing fractional shares shall
be issued upon the exercise of this Warrant. With respect to any fraction of a share called for upon any exercise hereof, the Company shall pay to the Holder an amount in cash equal to such fraction multiplied by the fair market value of a Share.

 (f) LOSS OR DESTRUCTION OF WARRANT. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or
mutilation of this Warrant, and (in the case of loss, theft or destruction) of reasonably satisfactory indemnification, and upon surrender and cancellation of this Warrant, if mutilated, the Company will execute and deliver a new Warrant of like
tenor and date. 
 (g) RIGHTS OF THE HOLDER. The Holder shall not, by virtue hereof, be entitled to any rights of a shareholder in the
Company, either at law or equity, and the rights of the Holder are limited to those expressed in this Warrant and are not enforceable against the Company except to the extent set forth herein. 

(h) CERTAIN ADJUSTMENTS. The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from
time to time as set forth in this Section (h). 
 (1) Share Capitalizations and Sub-Divisions.
If the Company, at any time while this Warrant is outstanding, (i) declares a share capitalization on its Shares or otherwise makes a distribution on any class of shares that is payable in Shares, (ii) subdivides its outstanding Shares
into a larger number of shares, or (iii) combines its outstanding Shares into a smaller number of shares, then, in each such case, the Exercise Price shall be multiplied by a fraction, the numerator of which shall be the number Shares
outstanding immediately before such event and the denominator of which shall be the number of Shares outstanding immediately after such event. Any adjustment made pursuant to this Section (h)(1) shall become effective immediately after the
record date for the determination of shareholders entitled to receive such dividend or distribution, and any adjustment pursuant to clause (ii) or (iii) of this Section (h)(1) shall become effective immediately after the effective date
of such subdivision or combination. 
 (2) Number of Warrant Shares. Simultaneously with any adjustment to the Exercise Price pursuant to
Section (h)(1), the number of Warrant Shares that may be purchased upon exercise of this Warrant shall be increased or decreased proportionately, so that after such adjustment the aggregate Exercise Price payable hereunder for the increased
or decreased number of Warrant Shares shall be the same as the aggregate Exercise Price in effect immediately prior to such adjustment. 

(3) Fundamental Transactions. If, at any time while this Warrant is outstanding (i) the Company effects any merger or consolidation of the
Company with or into another Person, (ii) the Company effects any sale of all or substantially all of its assets or a majority of its Shares is acquired by a third party, in each case, in one or a series of related transactions, (iii) any
tender offer or exchange offer (whether by the Company or a third party that is conducting such an offer pursuant to an agreement or arrangement with the Company) is completed pursuant to which all or substantially all of the holders of Shares are
permitted to tender or exchange their shares for other securities, cash or property, or (iv) the Company effects 

  
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any reorganization or reclassification of Shares or any compulsory share exchange pursuant to which the Shares are effectively converted into or exchanged for other securities, cash or property
(other than as a result of a subdivision or combination of Shares covered by Section (h)(1) above) (in any such case, a “Fundamental Transaction”), then the Holder shall have the right thereafter to receive, upon exercise of
this Warrant, the same amount and kind of securities, cash or property as it would have been entitled to receive upon the occurrence of such Fundamental Transaction if it had been, immediately prior to such Fundamental Transaction, the holder of the
number of Warrant Shares then issuable upon exercise in full of this Warrant without regard to any limitations on exercise contained herein (the “Alternate Consideration”). The Company shall not effect any such Fundamental
Transaction unless prior to or simultaneously with the consummation thereof, any successor to the Company, surviving entity or the corporation purchasing or otherwise acquiring such assets or other appropriate corporation or Person shall assume the
obligation to deliver to the Holder, such Alternate Consideration as, in accordance with the foregoing provisions, the Holder may be entitled to receive, and the other obligations under this Warrant. The provisions of this Section (h)(3)
shall similarly apply to subsequent transactions analogous of a Fundamental Transaction type. 
 (4) Notice of Adjustments. Upon the
occurrence of each adjustment pursuant to this Section (h), the Company at its expense will, at the written request of the Holder, promptly compute such adjustment, in good faith, in accordance with the terms of this Warrant and prepare a
certificate setting forth such adjustment, including a statement of the adjusted Exercise Price and adjusted number or type of Warrant Shares or other property issuable upon exercise of this Warrant (as applicable), describing the transactions
giving rise to such adjustments and showing in detail the facts upon which such adjustment is based. Upon written request, the Company will promptly deliver a copy of each such certificate to the Holder and to the Company’s transfer agent. 

(5) Notices To Warrant Holders. So long as this Warrant shall be outstanding, (i) if the Company shall pay any dividend or make any
distribution of cash, securities or other property in respect of its Shares or (ii) if the Company shall offer to the holders of Shares for subscription or purchase by them any share of any class or any other rights or (iii) if any capital
reorganization of the Company, reclassification of the shares of the Company, consolidation or merger of the Company with or into another corporation, sale, lease or transfer of all or substantially all of the property and assets of the Company to
another corporation, if the Company authorizes or approves, enters into any agreement contemplating or solicits shareholder approval for any Fundamental Transaction (each as defined below) , or voluntary or involuntary dissolution, liquidation or
winding up of the Company shall be effected, then in any such case, the Company shall cause to be mailed to the Holder, at least fifteen days prior the date specified in (x) or (y) below, as the case may be, a notice containing a brief
description of the proposed action and stating the date on which (x) a record is to be taken for the purpose of such dividend, distribution or rights, or (y) such reclassification, reorganization, consolidation, merger, conveyance, lease,
Fundamental Transaction, sales or issuances, dissolution, liquidation or winding up is to take place and the date, if any is to be fixed, as of which the holders of Shares or other securities shall receive cash or other property deliverable upon
such reclassification, reorganization, consolidation, merger, conveyance, lease, Fundamental Transaction, sales or issuances, dissolution, liquidation or winding up. 

  
 5 

 (i) NOTICES. Any notice or request hereunder shall be in writing and may be given only by,
and shall be deemed to have been received upon: (a) registered or certified mail, return receipt requested, on the date on which such notice or request is received as indicated in such return receipt; (b) delivery by a nationally
recognized overnight courier, one business day after deposit with such courier; or (c) email transmission upon electronic communication from the recipient acknowledging receipt (whether automatic or manual from recipient). In the case of the
Company, such notices and communications shall be addressed to Bellevue Life Sciences Acquisition Corp., 10900 NE 4th Street, Suite 2300, Bellevue, WA 98004, Attn: Chief Financial Officer; Email: _________, unless the Company shall notify the Holder
that notices and communications should be sent to a different address (or facsimile number or electronic mail address), in which case such notices and communications shall be sent to the address (or facsimile number or electronic mail address)
specified by the Company. In the case of the Holder, such notices and communications shall be addressed to its address as set forth in the signature page hereto, unless the Holder shall notify the Company that notices and communications should be
sent to a different address, in which case such notices and communications shall be sent to the address specified by the Holder. 
 (j) NO NET-CASH SETTLEMENT. Except as otherwise provided herein, in no event will the Holder be entitled to receive a net-cash settlement or other consideration in lieu of physical
settlement in securities. 
 (k) MODIFICATION OF AGREEMENT. The provisions of this Warrant may from time to time be amended, modified or
waived, by the Company and the holder of this Warrant. 
 (l) CHARGES, TAXES AND EXPENSES. Issuance and delivery of a reasonable number of
certificates representing Shares upon exercise of this Warrant shall be made without charge to the Holder for any issue or transfer tax, transfer agent fee or other incidental tax or expense in respect of the issuance of such certificates, all of
which taxes and expenses shall be paid by the Company; provided, however, that the Company shall not be required to pay any tax that may be payable in respect of any transfer involved in the registration of any certificates for Warrant Shares or the
Warrants in a name other than that of the Holder or an affiliate thereof. The Holder shall be responsible for all other tax liability that may arise as a result of holding or transferring this Warrant or receiving Warrant Shares upon exercise
hereof. 
 (m) SUCCESSORS AND ASSIGNS. This Warrant may not be assigned by the Company without the written consent of the Holder except to a
successor in the event of a Fundamental Transaction. The Holder may not transfer this Warrant prior to the closing of the Company’s initial business combination (as described in its initial public offering prospectus) (a “Business
Combination”), except for transfers (i) among the Company’s initial stockholders or to the initial stockholders’ or the Company’s officers, directors, consultants or their affiliates, (ii) to a Holder’s
stockholders or members upon the Holder’s liquidation, in each case if the Holder is an entity, (iii) by bona fide gift to a member of the Holder’s immediate family or to a trust, the beneficiary of which is the holder or a member of
the Holder’s immediate family, in each case for estate planning purposes, (iv) by virtue of the laws of descent and distribution upon death, (v) pursuant to a qualified domestic relations order, (vi) to the Company for no value
for cancellation in connection with the consummation of a Business Combination, (vii) in connection with the consummation of a Business Combination by private sales at prices no greater than the price at which the Private Warrants were
originally purchased, or (viii) in the 

  
 6 

 
event of the Company’s liquidation prior to its consummation of an initial Business Combination, in each case (except for clauses (vi) or (viii) or with the Company’s prior written
consent) on the condition that prior to such registration for transfer, the Company shall be presented with written documentation pursuant to which each transferee or the trustee or legal guardian for such transferee agrees to be bound by the terms
of this Warrant. 
 This Warrant shall be binding on and inure to the benefit of the parties hereto and the Company’s successors.
Subject to the preceding sentence, nothing in this Warrant shall be construed to give to any person or entity other than the Company and the Holder any legal or equitable right, remedy or cause of action under this Warrant. This Warrant may be
amended only in writing signed by the Company and the Holder. 
 (n) GOVERNING LAW. 

THIS WARRANT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS WARRANT SHALL BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED STATES OF
AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS WARRANT, EACH PARTY HEREBY ACCEPTS FOR ITSELF AND (TO THE EXTENT PERMITTED BY LAW) IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF
THE AFORESAID COURTS. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING, WITHOUT LIMITATION, ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY
SUCH ACTION OR PROCEEDING IN SUCH RESPECTIVE JURISDICTIONS. THIS SUBMISSION TO JURISDICTION IS NON-EXCLUSIVE AND DOES NOT PRECLUDE A PARTY FROM OBTAINING JURISDICTION OVER ANOTHER PARTY IN ANY COURT OTHERWISE
HAVING JURISDICTION. 
 EACH PARTY IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR
PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO IT AT THE ADDRESS SPECIFIED HEREIN OR SUCH OTHER ADDRESS AS IS SPECIFIED PURSUANT TO THE TERMS HEREOF (OR ITS ASSIGNMENT AND ASSUMPTION), SUCH SERVICE
TO BECOME EFFECTIVE 30 DAYS AFTER SUCH MAILING. NOTHING HEREIN SHALL AFFECT THE RIGHT OF A PARTY OR ANY HOLDER TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANOTHER PARTY IN ANY
OTHER JURISDICTION. 
 [remainder of page intentionally left blank] 

  
 7 

 IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed as of the date
of this Warrant. 
  

			
	BELLEVUE LIFE SCIENCES ACQUISITION CORP.
		
	By:	 	  

		 	Name:
		 	Title: Chief Financial Officer

  

			
	Holder:
	
	Accepted and Agreed:
	
	[HOLDER]
		
	By:	 	  

	Name:
	Title:
	
	Address:
	
	Email:

  
 8 

 PURCHASE FORM 

Dated ____________________ 
 (1)
The undersigned hereby irrevocably elects to exercise the within Warrant to the extent of purchasing Shares of Bellevue Life Sciences Acquisition Corp. (or such number of Shares or other securities or property to which the undersigned is entitled in
lieu thereof or in addition thereto under the provisions of the Warrant). 
  

	(2)	 _______ (a) The undersigned hereby elects to make payment with the enclosed bank draft, certified check or
money order payable to the Company in payment of the exercise price determined under, and on the terms specified in, the Warrant, or 

_______ (b) The undersigned hereby elects to make payment on a cashless basis. 

(3) The undersigned hereby irrevocably directs that the said shares be issued and delivered as follows: 

 

							
	 Name(s) in Full
	  	 Address(es)
	  	 Number of Shares (net of any Shares
used to exercise on a
cashless basis
	  	 S.S. or IRS #

(4) If the Warrant was not exercised in full, please check the following: ___ 

The undersigned hereby irrevocably directs that any remaining portion of the warrant be issued and delivered as follows: 

 

							
	 Name(s) in Full
	  	 Address(es)
	  	 Number of Shares
	  	 S.S. or IRS #

 

	
	  

	Signature of Holder
	  

	Print Name

  
 9

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