Document:

Exhibit 4.2

 

UCOMMUNE
INTERNATIONAL LTD

Floor
8, Tower D

No.2
Guang Hua Road

Chaoyang
District, Beijing

People’s
Republic of China, 100026

 

August
29, 2022

 

JAK
Opportunities LLC

17
State Street, 2100

New
York, New York 10004

 

Re:
Warrants

 

Dear
Sirs and Madams:

 

Reference
is made to the Series A Warrant, Series B Warrant and Series C Warrant, each dated January 26, 2022 and amended on March 1, 2022 (collectively,
the “Warrants”), between Ucommune International Ltd and JAK Opportunities LLC (the “Holder”),
as the holder named therein. Capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Warrants.

 

Effective
on September 6, 2022, unless Nasdaq objects to any of the amendments below prior to such date, each of the Warrants shall be amended
as follows:

 

1.
Section 2(b) of each of the Warrants shall be amended and restated as follows:

 

“b)
Exercise Price. The exercise price per Ordinary Share under this Warrant shall be $4.50,4 subject to adjustment
hereunder (the “Exercise Price”).”

 

2.
Section 5(o) of each of the Warrants shall be amended and restated as follows:

 

“o)
Floor for Exercise Price of the Warrant. Notwithstanding anything to the contrary in the Transaction Documents, the Exercise
Price of the Warrant shall in no event be lower than $4.50 (the “Floor Price”). The Floor Price shall be proportionately
decreased upon a stock split or share subdivision of Ordinary Shares, and shall be proportionately increased in the case of a reverse
stock split or share combination of Ordinary Shares. The Company agrees that while the Warrant remains outstanding, it will not issue
Ordinary Shares or Ordinary Share Equivalents at a price per share or with a conversion or exercise price per share, as applicable, that
is below the Floor Price without the prior written consent of the Holder.”

 

For
the avoidance of doubt, the amended Exercise Price in Section 2(b) above and the amended Floor Price in Section 5(o) above have already
been adjusted to reflect the share consolidation on April 22, 2022, in which every 20 ordinary shares with par value of US$0.0001 were
consolidated into one ordinary share with par value of US$0.002.

 

Each
of the Warrants and this letter agreement shall be read together and shall have the same effect as if each such Warrant and this letter
agreement were contained in one document. Except as expressly modified by this letter agreement, the terms and obligations of the Warrants
and the Transaction Documents remain unchanged and the Warrants and Transaction Documents shall continue in full force and effect.

 

This
letter agreement shall be governed by, construed and enforced in accordance with, the laws of the State of New York, without regard to
the conflict of laws principles thereof.

 

 

	4	Upon
each exercise of the Series B Warrants, the holder thereof shall be entitled to deduct 10% of the aggregate exercise price thereof in
connection with each such exercise as an original issuance discount.

 

     

     

    

 

If
you are in agreement with the foregoing, please have this letter agreement executed by your authorized representative and return a copy
to the undersigned.

 

	 	Very Truly Yours,
	 	 
	 	UCOMMUNE INTERNATIONAL LTD
	 	 
	 	By: 	/s/ Xin Guan               
	 	Name: 	Xin Guan
	 	Title:	CEO

 

	Confirmed and Agreed to:	 
	 	 
	JAK Opportunities LLC	 
	 	 
	By: 	/s/ Antonio Ruiz-Gimenez	 
	Name: 	Antonio Ruiz-Gimenez	 
	Title: 	Managing Member	 

 

[Signature Page to Warrant Amendment]Exhibit 10.1

 

UCOMMUNE INTERNATIONAL LTD

Floor 8, Tower D

No.2 Guang Hua Road

Chaoyang District, Beijing

People’s Republic of China, 100026

 

August 29, 2022

 

JAK Opportunities LLC

17 State Street, 2100

New York, New York 10004

Re: Securities Purchase Agreement

 

Dear Sirs and Madams:

 

Reference is made to the Securities Purchase Agreement,
dated January 26, 2022 and amended on March 1, 2022 (the “Securities Purchase Agreement”), between Ucommune
International Ltd and JAK Opportunities LLC (the “Purchaser”), as the purchaser named therein. Capitalized terms
not otherwise defined herein shall have the meanings ascribed to such terms in the Securities Purchase Agreement.

 

Effective on September 6, 2022, unless Nasdaq objects
to the amended Floor Price (as defined below) prior to such date,, Section 4.21 of the Securities Purchase Agreement shall be amended
and restated as follows:

 

“4.21. Floor for Conversion
Price of the Debentures and Exercise Price of the Warrants. Notwithstanding anything to the contrary in the Transaction Documents,
neither the Conversion Price of the Debentures nor the Exercise Price of the Warrants shall be lower than $4.50 (the “Floor Price”).
The Floor Price shall be proportionately decreased upon a stock split or share subdivision of Ordinary Shares, and shall be proportionately
increased in the case of a reverse stock split or share combination of Ordinary Shares. The Company agrees that while the Debentures and
Warrants remain outstanding, it will not issue Ordinary Shares or Ordinary Share Equivalents at a price per share or with a conversion
or exercise price per share, as applicable, that is below the Floor Price without the prior written consent of the Purchaser.”

 

For the avoidance of doubt,
the amended Floor Price in Section 4.21 above has already been adjusted to reflect the share consolidation on April 22, 2022, in which
every 20 Ordinary Shares with par value of US$0.0001 were consolidated into one ordinary share with par value of US$0.002.

 

The Securities Purchase Agreement
and this letter agreement shall be read together and shall have the same effect as if the Securities Purchase Agreement and this letter
agreement were contained in one document. Except as expressly modified by this letter agreement, the terms and obligations of the Securities
Purchase Agreement and the Transaction Documents remain unchanged and the Securities Purchase Agreement and Transaction Documents shall
continue in full force and effect.

 

This letter agreement shall
be governed by, construed and enforced in accordance with, the laws of the State of New York, without regard to the conflict of laws principles
thereof.

 

     

     

    

 

If you are in agreement with
the foregoing, please have this letter agreement executed by your authorized representative and return a copy to the undersigned.

 

	 	Very Truly Yours,
	 	 
	 	UCOMMUNE INTERNATIONAL LTD
	 	 
	 	By:	 /s/ Xin Guan
	 	Name:	Xin Guan
	 	Title:	CEO            

 

	Confirmed and Agreed to:	 
	 	 
	JAK Opportunities
    LLC	 
	 	 
	By:	 /s/ Antonio Ruiz-Gimenez	 
	Name:	 Antonio Ruiz-Gimenez	 
	Title:	 Managing Member	 

 

[Signature Page to Securities Purchase Agreement
Amendment]Exhibit 10.1

 

THIS PROMISSORY NOTE ("NOTE") HAS
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"). THIS NOTE HAS BEEN ACQUIRED
FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES
ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

PROMISSORY NOTE

 

	 	 	Dated as
of August 26, 2022
	 	 	 
	Principal Amount: Up to $350,000	 	New York, New
York

 

East Stone Acquisition Corporation,
a British Virgin Islands business company and blank check company (the "Maker"), promises to pay to the order of ICONIQ
Holding Limited, an exempted company incorporated in the Cayman Islands with limited liability, or its permitted assigns or successors
in interest (the "Payee"), the principal sum of up to THREE HUNDRED FIFTY THOUSAND US DOLLARS ($350,000) in lawful money
of the United States of America, on the terms and conditions described below. All payments on this Note shall be made by check or wire
transfer of immediately available funds or as otherwise determined by the Maker to such account as the Payee may from time to time designate
by written notice in accordance with the provisions of this Note.

1. Principal. The principal balance of
this Note shall be due and payable by the Maker on the earlier of (such date, the "Maturity Date"), subject to Section
11 below, (a) the date that Maker consummates the Maker's initial business combination (as that term is defined in that certain Business
Combination Agreement entered into by and among the Maker and the Payee and such other parties named therein, dated on April 15, 2022
(the “Business Combination Agreement”)), (b) the termination of the Business Combination Agreement or (c) the date of the
liquidation of the Maker. Under no circumstances shall any individual, including, but not limited to, any officer, director, employee
or shareholder of the Maker, be obligated personally for any obligations or liabilities of the Maker hereunder.

2. Interest. No interest shall accrue
on the unpaid principal balance of this Note.

3. Application of Payments. All payments
shall be applied first to payment in full of any costs incurred in the collection of any sum due under this Note, including, without limitation,
reasonable attorneys' fees, and then to the payment in full of any late charges and finally to the reduction of the unpaid principal balance
of this Note.

4. Events of Default. The following shall
constitute an event of default ("Event of Default"):

(a) Failure to Make Required
Payments. Failure by the Maker to pay the principal amount due pursuant to this Note within five (5) business day of the Maturity
Date.

(b) Voluntary Bankruptcy,
Etc. The commencement by the Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation
or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian,
sequestrator (or other similar official) of the Maker or for any substantial part of its property, or the making by it of any assignment
for the benefit of creditors, or the failure of the Maker generally to pay its debts as such debts become due, or the taking of corporate
action by the Maker in furtherance of any of the foregoing.

(c) Involuntary Bankruptcy,
Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of the Maker in an involuntary
case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee,
sequestrator (or similar official) of the Maker or for any substantial part of its property, or ordering the winding-up or liquidation
of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of sixty (60) consecutive days.

5. Remedies.

(a) Upon the occurrence
of an Event of Default specified in Section 5(a) hereof, the Payee may, by written notice to the Maker, declare this Note to be due immediately
and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable hereunder, shall become immediately due
and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything contained
herein or in the documents evidencing the same to the contrary notwithstanding.

    

     

    

 

(b) Upon the occurrence
of an Event of Default specified in Sections 5(b) and 5(c), the unpaid principal balance of this Note, and all other sums payable with
regard to this Note, shall automatically and immediately become due and payable, in all cases without any action on the part of the Payee.

6. Waivers. The Maker and all endorsers
and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest, and notice of protest
with regard to this Note, all errors, defects and imperfections in any proceedings instituted by the Payee under the terms of this Note,
and all benefits that might accrue to the Maker by virtue of any present or future laws exempting any property, real or personal, or any
part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or providing for any stay
of execution, exemption from civil process, or extension of time for payment, and the Maker agrees that any real estate that may be levied
upon pursuant to a judgment obtained by virtue hereof or any writ of execution issued hereon, may be sold upon any such writ in whole
or in part in any order desired by the Payee.

7. Unconditional Liability. The Maker
hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this Note,
and agrees that its liability shall be unconditional, without regard to the liability of any other party, and shall not be affected in
any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by the Payee, and consents to
any and all extensions of time, renewals, waivers, or modifications that may be granted by the Payee with respect to the payment or other
provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may become parties hereto without notice
to the Maker or affecting the Maker's liability hereunder.

8. Notices. All notices, statements or
other documents which are required or contemplated by this Note shall be made in writing and delivered: (a) personally or sent by first
class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address designated in writing,
(b) by facsimile to the number most recently provided to such party or such other address or fax number as may be designated in writing
by such party or (c) by electronic mail, to the electronic mail address most recently provided to such party or such other electronic
mail address as may be designated in writing by such party. Any notice or other communication so transmitted shall be deemed to have been
given on the day of delivery, if delivered personally, on the business day following receipt of written confirmation, if sent by facsimile
or electronic transmission, one (1) business day after delivery to an overnight courier service or five (5) days after mailing if sent
by mail.

9. Construction. THIS NOTE SHALL BE CONSTRUED
AND ENFORCED IN ACCORDANCE WITH THE LAWS OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.

10. Severability. Any provision contained
in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability
in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

11. Trust
Waiver. Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest or claim of any
kind ("Claim") in or to any distribution of or from the trust account (the "Trust Account") established
in which the proceeds of the initial public offering (the "IPO") conducted by the Maker (including the deferred underwriters'
discounts and commissions) and the proceeds of the sale of the units issued in a private placement that occurred prior to the closing
of the IPO were deposited, as described in greater detail in Maker's Registration Statement on Form S-1 (333-235949 and 333-236527) filed
with the Securities and Exchange Commission in connection with the IPO, and hereby agrees not to seek recourse, reimbursement, payment
or satisfaction for any Claim against the Trust Account for any reason whatsoever. The provisions of this Section 11 shall be in addition
to, and not in limitation of, any releases of Claims against the Trust Account which may be provided by the Payee pursuant to that certain
Business Combination Agreement among the Payee and the Maker.

12. Amendment; Waiver. Any amendment
hereto or waiver of any provision hereof may be made with, and only with, the written consent of the Maker and the Payee.

13. Assignment. No assignment
or transfer of this Note or any rights or obligations hereunder may be made by the Maker (by operation of law or otherwise) without the
prior written consent of the Payee and any attempted assignment without the required consent shall be void.

 

[Remainder of page intentionally left blank. Signature
page follows.]

 

    

     

    

 

IN WITNESS WHEREOF, the Maker, intending to be legally
bound hereby, has caused this Note to be duly executed by the undersigned as of the day and year first above written.

	 	East Stone Acquisition Corporation
	 	 
	 	By: 	/s/ Xiaoma (Sherman) Lu
	 	Name:

        Title:
	Xiaoma (Sherman) Lu
Chief Executive Officer

 

    

     

    

IN WITNESS WHEREOF, the Payee, intending to be legally
bound hereby, has caused this Note to be duly executed by the undersigned as of the day and year first above written.

	 	ICONIQ Holding Limited
	 	 
	 	By:	/s/ Nan Wu
	 	Name:

        
	Nan Wu
	 	Title:	Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}]]