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THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933 (THE "ACT") AND ARE PROPOSED TO BE SOLD IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
ACT PROVIDED BY REGULATION S PROMULGATED UNDER THE ACT.   UPON ANY SALE, SUCH SECURITIES MAY NOT BE REOFFERED FOR SALE
OR RESOLD OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT TO AN EFFECTIVE REGISTRATION UNDER
THE ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE ACT.  HEDGING TRANSACTIONS INVOLVING THE SECURITIES
MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE ACT.

 

REGULATION S

SUBSCRIPTION AGREEMENT

 

ISSUER NAME: WB BURGERS ASIA, INC.

 

This SUBSCRIPTION AGREEMENT is made as of this 30th day
of August 2021, by and between White Knight Co., Ltd., a Japanese corporation, (the “Seller”), with an address of ___________________________and
the undersigned, (the “Subscriber”).

 

WB Burgers Asia, Inc., is referred to herein as the “Company”,
and or the “Issuer”. The Shares being offered herein by White Knight Co., Ltd. are shares of WB Burgers Asia, Inc., a Nevada
corporation, currently held by White Knight Co., Ltd.

 

WHEREAS:

 

	A.	The Seller desires to sell _______________________ (__________) shares of restricted common stock of WB Burgers Asia, Inc., a Nevada Corporation, at a price of $0.0001 USD per share (the “Offering”) pursuant to Regulation S of the United States Securities Act of 1933 (the “Act”).

 

	B.	The Subscriber desires to acquire the number of shares of the Offering set forth on the signature page hereof (the “Shares”) on the terms and subject to the conditions of this Subscription Agreement.

 

NOW, THEREFORE, for and in consideration of the premises and the
mutual covenants hereinafter set forth, the parties hereto do hereby agree as follows:

 

1. SUBSCRIPTION FOR SHARES

 

1.1 Subject to the terms and conditions hereinafter set forth, the Subscriber
hereby subscribes for and agrees to purchase from the Seller such number of Shares as is set forth upon the signature page hereof at a
price equal to $0.0001 USD per Share.  Upon execution, the subscription by the Subscriber will be irrevocable.

 

1.2  The purchase price is payable by the Subscriber contemporaneously
with the execution and delivery of this Subscription Agreement.

 

1.3 Upon execution by the Seller, the Seller agrees to sell such Shares
to the Subscriber for said purchase price subject to the Seller's right to sell to the Subscriber such lesser number of Shares as it may,
in its sole discretion, deem necessary or desirable.

 

1.4 Any acceptance by the Seller of the Subscriber
is conditional upon compliance with all securities laws and other applicable laws of the jurisdiction in which the Subscriber is a resident.
Any acceptance by the Seller of the Subscriber is also conditional upon compliance with all securities laws and other applicable laws
of the jurisdiction in which the Issuer, WB Burgers Asia, Inc., resides as well.  

 

2. REGULATION S AGREEMENTS OF THE SUBSCRIBER

 

2.1 The Subscriber agrees to resell the Shares only in accordance with
the provisions of Regulation S of the Act pursuant to registration under the Act, or pursuant to an available exemption from registration
pursuant to the Act.

 

2.2 The Subscriber agrees not to engage in hedging transactions with regard
to the Shares unless in compliance with the Act.

 

2.3 The Subscriber acknowledges and agrees that all physical certificates
(as may be applicable) representing the Shares will be endorsed with the following legend in accordance with Regulation S of the Act:

 

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "ACT") AND HAVE BEEN SOLD IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE ACT PROVIDED BY REGULATION S PROMULGATED UNDER THE ACT.   SUCH SECURITIES MAY NOT BE REOFFERED FOR
SALE OR RESOLD OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT TO AN EFFECTIVE REGISTRATION
UNDER THE ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE ACT.  HEDGING TRANSACTIONS INVOLVING THE SECURITIES
MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE ACT.”

 

3. REPRESENTATIONS AND WARRANTIES BY SUBSCRIBER

 

3.1 The Subscriber represents and warrants to the Seller and acknowledges
that the Seller is relying upon the Subscriber’s representations and warranties in agreeing to sell the Shares to the Subscriber
that:

 

The Subscriber is not a “U.S. Person” as defined by Regulation
S of the Act and is not acquiring the Shares for the account or benefit of a U.S. Person.

 

 A “U.S. Person” is defined by Regulation S of the
Act to be any person who is:

 

	·	
    any natural person resident in the United States;

     

	·	
    any partnership or corporation organized or Inc. under the laws of the
    United States;

     

 

	·	
    any estate of which any executor or administrator is a U.S. person;

     

	·	
    any trust of which any trustee is a U.S. person;

     

 

	·	
    any agency or branch of a foreign entity located in the United States;

     

	·	
    any non-discretionary account or similar account (other than an estate
    or trust) held by a dealer or other fiduciary organized, incorporate, or (if an individual) resident in the United States; and

     

 

	·	any partnership or corporation if organized or Incorporated under the laws of any foreign jurisdiction; and formed by a U.S. person principally for the purpose of investing in securities not registered under the Act, unless it is organized or Inc., and owned, by accredited investors [as defined in Section 230.501(a) of the Act] who are not natural persons, estates, or trusts.

 

 

The Subscriber recognizes that the purchase of Shares involves a high degree
of risk.

 

The Subscriber also acknowledges that it is aware that it is purchasing
shares of what is currently a shell company, “WB Burgers Asia, Inc.”, a Nevada Corporation. As of the date of this agreement,
WB Burgers Asia, Inc., has not commenced any substantive operations since inception.

 

An investment in the Seller’s Shares is highly speculative and only
investors who can afford the loss of their entire investment should consider purchasing the Shares being offered by the Seller pursuant
to this Offering;

 

The Subscriber has had full opportunity to review information regarding
the business and financial condition of WB Burgers Asia, Inc., with the Subscriber’s legal and financial advisers prior to execution
of this Subscription Agreement;

 

The Subscriber has such knowledge and experience in finance, securities,
investments, including investment in non-listed and non- registered securities, and other business matters so as to be able to protect
its interests in connection with this transaction.

 

The Subscriber acknowledges that a minimal market for the Shares presently
exists and a greater demand for the Shares may not further develop in the future, and accordingly the Subscriber may not be able to liquidate
its investment.

 

The Subscriber hereby acknowledges that this offering of Shares has not
been reviewed by the United States Securities and Exchange Commission (the "SEC") and that the Shares are being sold by the
Seller pursuant to an exemption from registration provided by Regulation S pursuant to the United States Securities Act.

 

The Subscriber is acquiring the Shares as principal for the Subscriber's
own benefit;

 

The Subscriber is not aware of any advertisement of the Shares.

 

The Subscriber is acquiring the Shares subscribed to hereunder as an investment
for the Subscriber's own account, not as a nominee or agent, and not with a view toward the resale or distribution of any part thereof,
and the Subscriber has no present intention of selling, granting any participation in, or otherwise distributing the same;

 

The Subscriber does not have any contract, undertaking, agreement or arrangement
with any person  to sell, transfer or grant participation  to such person, or to any third person, with respect to
any of the Shares sold hereby;

 

The Subscriber has full power and authority to enter into this Agreement
which constitutes a valid and legally binding obligation, enforceable in accordance with its terms;

 

The Subscriber can bear the economic risk of this investment, and was not
organized for the purpose of acquiring the Shares;

 

The Subscriber has satisfied himself or herself as to the full observance
of the laws of his or her jurisdiction in connection with any invitation to subscribe for the Shares and/or any use of this Agreement,
including (i) the legal requirements within his/her jurisdiction for the purchase of the Shares, (ii) any foreign exchange restrictions
applicable to such purchase, (iii) any governmental or other consents that may need to be obtained, and (iv) the income tax and other
tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale, or transfer of the Shares.

 

 4.  REPRESENTATIONS BY THE SELLER

 

4.1  The Seller represents and warrants to the Subscriber that:

 

	(A)	The Seller is a corporation duly organized, existing and in good standing under the laws of Japan and has the corporate power to conduct the business which it conducts and proposes to conduct.

 

	(B)	The Seller is the current record holder of the shares it seeks to sell of WB Burgers Asia, Inc., a Nevada Corporation.

 

5. TERMS OF SUBSCRIPTION

 

5.1 Pending acceptance of this subscription by the Seller, all funds paid
hereunder shall be deposited by the Seller and immediately available to the Seller for the purposes set forth in the disclosure statement.  In
the event the subscription is not accepted, the subscription funds will constitute a non-interest bearing demand loan of the Subscriber
to the Seller.

 

5.2 The Subscriber hereby authorizes and directs the Seller to deliver
the securities to the Subscriber pursuant to this Subscription Agreement to the Subscriber’s mailing address or email address (as
applicable) indicated herein.

 

If shares sold by the Subscriber are currently held in book entry, an account
statement from the Transfer Agent evidencing the change in control of the Offering Shares will be deemed acceptable.

 

5.3 The Subscriber acknowledges and agrees that the subscription for the
Shares and the Seller's acceptance of the subscription is not subject to any minimum subscription for the Offering.

 

6. MISCELLANEOUS

 

6.1 Any notice or other communication given hereunder shall be deemed sufficient
if in writing, and sent by physical mail, and or email to the contact information listed in this agreement for both the Subscriber and
or Seller.

 

6.2 Notwithstanding the place where this Subscription Agreement may be
executed by any of the parties hereto, the parties expressly agree that all the terms and provisions hereof shall be construed in accordance
with and governed by the laws of the State of Nevada.

 

6.3 The parties agree to execute and deliver all such further documents,
agreements and instruments and take such other and further action as may be necessary or appropriate to carry out the purposes and intent
of this Subscription Agreement.

 

7. REPRESENTATIONS BY FOREIGN RESIDENTS

 

7.1  If the Subscriber is a foreign resident, the Subscriber
represents to the Seller that the Subscriber is a resident of a foreign jurisdiction, and not a US citizen.

 

	  □	(i)	a spouse, parent, brother, sister or child of Koichi Ishizuka, a senior officer or director of the Seller;

 

	  □	(ii)	a close friend or business associate of Koichi Ishizuka, a senior officer or director of the Seller , or

 

	  □	(iii)	a Seller, all of the voting securities of which are beneficially owned by one or more of a spouse, parent, brother, sister, child or close personal friend or business associate of Koichi Ishizuka, a senior officer or director of the Seller.

 

 

 

 

 

 

 

 

 

 

 

THE REMAINDER OF THIS PAGE HAS BEEN LEFT INTENTIONALLY
BLANK

SIGNATURE PAGE FOLLOWS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IN WITNESS WHEREOF, this Subscription Agreement is executed as of
the day and year first written above.

 

 

Issuer Name: WB Burgers Asia, Inc.

 

Seller: White Knight Co., Ltd.

 

Address of Seller: __________________________________

 

Email Address of Seller: ____________________________

 

 

Number of Common Shares Subscribed For: 

 

Price Per Share: $0.0001

 

Total Subscription Amount in USD (Shares X Price Per Share): 

 

Name of Subscriber: ____________________________________

 

Address of Subscriber: ________________________________________

 

(Subscriber’s Email Address): ____________________________________

 

(Subscriber’s ID Number if applicable): _____________________________

 

Signature of Subscriber : _________________________________________

 

Title of Signing Person (if Subscriber is a Company): __________________

 

 

ACCEPTED BY:

 

WHITE KNIGHT CO., LTD.

 

	Signature of Authorized Signatory: _________________________________

 

 

	Name of Authorized Signatory: Koichi Ishizuka

 

	Position of Authorized Signatory: Chief Executive Officer

 

Date of Acceptance: August 30th, 2021EX-4.1

 Exhibit 4.1 
  

			
	 NUMBER
 U-
	  	UNITS

 CUSIP [●] 

SEE REVERSE FOR CERTAIN DEFINITIONS 

CRIXUS BH3 ACQUISITION COMPANY 

UNITS CONSISTING OF ONE SHARE OF CLASS A COMMON STOCK AND ONE- 

HALF OF ONE WARRANT, EACH WHOLE WARRANT ENTITLING THE HOLDER 

TO PURCHASE ONE SHARE OF CLASS A COMMON STOCK 

THIS CERTIFIES THAT __________ is the owner of _________ Units. 

Each Unit (“Unit”) consists of one (1) share of Class A common stock, par value $0.0001 per share (“Common
Stock”), of Crixus BH3 Acquisition Company, a Delaware corporation (the “Company”), and one-half of one redeemable warrant (each whole warrant, a “Warrant”). Each whole Warrant
entitles the holder to purchase one (1) share (subject to adjustment) of Common Stock for $11.50 per share (subject to adjustment). Each Warrant will become exercisable on the later of (i) thirty (30) days after the Company’s
completion of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses (each a “Business Combination”) and (ii) twelve (12) months from the
closing of the Company’s initial public offering, and will expire unless exercised before 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, or
earlier upon redemption or liquidation. The Common Stock and Warrants comprising the Units represented by this certificate are not transferable separately prior to __________, 2021, unless the representative of the underwriters elects to allow
earlier separate trading, subject to the Company’s filing of a Current Report on Form 8-K with the Securities and Exchange Commission containing an audited balance sheet reflecting the Company’s
receipt of the gross proceeds of the Company’s initial public offering and issuing a press release announcing when separate trading will begin. No fractional warrants will be issued upon separation of the Units and only whole Warrants will
trade. The terms of the Warrants are governed by a Warrant Agreement, dated as of __________, 2021, between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and provisions contained
therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrant Agreement are on file at the office of the Warrant Agent at 1 State Street, 30th Floor, New York, New York 10004, and
are available to any Warrant holder on written request and without cost. 
 This certificate is not valid unless countersigned by the
Transfer Agent and Registrar of the Company. 
 This certificate shall be governed by and construed in accordance with the internal laws of
the State of New York. 
 Witness the facsimile signatures of the duly authorized officers of the Company. 

 

			
	  

Co-Chief Executive Officer
	  	  

Co-Chief Executive Officer and Chief Financial Officer

 Crixus BH3 Acquisition Company 

The Company will furnish without charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative,
participating, optional or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights. 

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

															
	TEN COM	  	—	  	as tenants in common	    	 UNIF GIFT
 MIN ACT
	  	—	 		 	Custodian	  	
								
	TEN ENT	  	—	  	as tenants by the entireties	    		  		 	  
 (Cust)
	 		  	  
 (Minor)

					
	JT TEN	  	—	  	as joint tenants with right of survivorship and not as tenants in common	    		 	under Uniform Gifts to Minors Act
					
		  		  		    		 	  

(State)

 Additional abbreviations may also be used though not in the above list. 

For value received, ___________ hereby sells, assigns and transfers unto 

 

	
	  
 (PLEASE INSERT SOCIAL
SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE)

	
	  
 (PLEASE PRINT OR
TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

 ________________Units represented by the within Certificate, and does hereby irrevocably constitute and
appoint______________ Attorney to transfer the said Units on the books of the within named Company with full power of substitution in the premises. 
  

			
	Dated __________	  	  
 Notice: The signature to this
assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.

 Signature(s) Guaranteed: 

                          
                                         
                  
 THE SIGNATURE(S) MUST 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 (OR ANY SUCCESSOR 

RULE) UNDER THE SECURITIES EXCHANGE ACT 
 OF 1934, AS AMENDED).

 In each case, as more fully described in the Company’s final prospectus dated
__________, 2021, the holder(s) of this certificate shall be entitled to receive a pro-rata portion of certain funds held in the trust account established in connection with the Company’s initial public
offering only in the event that (i) the Company redeems the shares of Class A common stock sold in the Company’s initial public offering and liquidates because it does not consummate an initial business combination by the date set
forth in the Company’s amended and restated certificate of incorporation, (ii) the Company redeems the shares of Class A common stock sold in its initial public offering in connection with a stockholder vote to amend the
Company’s amended and restated certificate of incorporation (a) 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 Class A common stock if it does not consummate an initial business combination by the date set forth in the Company’s amended and restated certificate of incorporation or (b) with respect to any other provisions relating to
stockholders’ rights or pre-initial business combination activity, or (iii) if the holder(s) seek(s) to redeem for cash his, her or its respective shares of Class A common stock in connection
with a tender offer (or proxy solicitation, solely in the event the Company seeks stockholder approval of the proposed initial business combination) setting forth the details of a proposed initial business combination. In no other circumstances
shall the holder(s) have any right or interest of any kind in or to the trust account.

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