Document:

Exhibit 4.6

 

ASSIGNMENT,
ASSUMPTION AND AMENDMENT AGREEMENT

(WARRANT AGREEMENT)

 

This Assignment, Assumption
and Amendment Agreement (this “Agreement”) is made as of [  ], 2021, by and among Vistas Media Acquisition Company
Inc., a Delaware corporation (the “Company”), Anghami Inc., a Cayman Islands exempted company (“Pubco”),
and Continental Stock Transfer & Trust Company, a New York corporation (the “Warrant Agent”).

 

WHEREAS,
the Company and the Warrant Agent are parties to that certain Warrant Agreement, dated as of August 6, 2020 and filed by the Company with
the United States Securities and Exchange Commission on August 12, 2020 (the “Existing Warrant Agreement”);

 

WHEREAS,
the terms of the Warrants (as defined in the Existing Warrant Agreement) are governed by the Existing Warrant Agreement and capitalized
terms used herein, but not otherwise defined, shall have the meanings given to such terms in the Existing Warrant Agreement;

 

WHEREAS,
the Company entered into a Business Combination Agreement, dated as of March 3, 2021, as may be amended, (the “Business Combination
Agreement”), by and among the Company, Anghami, a Cayman Islands exempted company (“Anghami”),
Pubco, Anghami Vista 1, a Cayman Islands exempted company and wholly-owned subsidiary of Pubco (“Vistas Merger Sub”),
and Anghami Vista 2, a Cayman Islands exempted company and wholly-owned subsidiary of Pubco (“Anghami Merger Sub”);

 

WHEREAS,
pursuant to the Business Combination Agreement, among other things: (A) the Company will merge with and into Vistas Merger Sub, with the
Company continuing as the surviving company (the “Vistas Merger”), as a result of which Vistas Merger Sub will
cease to exist; (B) Anghami will merge with and into Anghami Merger Sub, with Anghami continuing as the surviving company (the “Anghami
Merger”) as a result of which Anghami Merger Sub will cease to exist; (C) each outstanding share of the Company’s
Class A Common Stock, par value $0.0001 per share (“Company Class A Common Stock”), and Class B Common Stock,
par value $0.0001 per share (“Company Class B Common Stock” and together with the Company Class Common Stock,
the “Company Common Stock”) will be exchanged for one ordinary share, par value $0.0001, of Pubco (“Pubco
Ordinary Shares”) and the Anghami ordinary shares will be converted into a right to receive cash and Pubco Ordinary Shares,
in each case, in the amounts and pursuant to the terms of the Business Combination Agreement; (D) each issued and outstanding warrant
of the Company will cease to represent a right to acquire shares of the Company Common Class A Common Stock and will instead represent
the right to acquire the same number of Pubco Ordinary Shares, at the same exercise price and on the same terms as in effect immediately
prior to the Closing; and (E) following the consummation of the transactions contemplated by the Business Combination Agreement, including
the Vistas Merger and the Anghami Merger, each of the Company and Anghami is a direct wholly-owned subsidiary of Pubco (the “Business
Combination”);

 

WHEREAS,
upon consummation of the Vistas Merger, as provided in Section 4.4 of the Existing Warrant Agreement, the Warrants will no longer be exercisable
for shares of Company Class A Common Stock, but instead will be exercisable (subject to the terms and conditions of the Existing Warrant
Agreement as amended hereby) for a like number of Pubco Ordinary Shares;

 

WHEREAS,
the consummation of the transactions contemplated by the Business Combination Agreement will constitute a Business Combination (as defined
in the Existing Warrant Agreement);

 

WHEREAS,
in connection with the Vistas Merger, the Company desires to assign all of its right, title and interest in the Existing Warrant Agreement
to Pubco; and

 

WHEREAS,
Section 9.8 of the Existing Warrant Agreement provides that the Company and the Warrant Agent may amend the Existing Warrant Agreement
without the consent of any Registered Holders (as defined in the Existing Warrant Agreement) (i) for the purpose, among other things,
of adding or changing any other provisions with respect to matters or questions arising under the Existing Warrant Agreement as the Company
and the Warrant Agent may deem necessary or desirable and that the Company and the Warrant Agent deem shall not adversely affect the interest
of the registered holders under the Existing Warrant Agreement; and (ii) to provide for the delivery of Alternative Issuance (as defined
in the Existing Warrant Agreement) pursuant to Section 4.4 of the Existing Warrant Agreement.

 

NOW, THEREFORE,
in consideration of the mutual agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, and intending to be legally bound hereby, the parties hereto agree as follows.

 

		1.	Assignment and Assumption; Consent.

 

1.1 Assignment
and Assumption. The Company hereby assigns to Pubco all of the Company’s right, title and interest in and to the Existing Warrant
Agreement (as amended hereby) as of the Vistas Merger Effective Time (as defined in the Business Combination Agreement). Pubco hereby
assumes, and agrees to pay, perform, satisfy and discharge in full, as the same become due, all of the Company’s liabilities and
obligations under the Existing Warrant Agreement (as amended hereby) arising from and after the Vistas Merger Effective Time.

 

     

    

    

 

1.2 Consent.
The Warrant Agent hereby consents to the assignment of the Existing Warrant Agreement by the Company to Pubco pursuant to Section 1.1
hereof effective as of the Vistas Merger Effective Time, and the assumption of the Existing Warrant Agreement by Pubco from the Company
pursuant to Section 1.1 hereof effective as of the Vistas Merger Effective Time, and to the continuation of the Existing Warrant
Agreement in full force and effect from and after the Vistas Merger Effective Time, subject at all times to the Existing Warrant Agreement
(as amended hereby) and to all of the provisions, covenants, agreements, terms and conditions of the Existing Warrant Agreement and this
Agreement.

 

2. Amendment
of Existing Warrant Agreement. The Company and the Warrant Agent hereby amend the Existing Warrant Agreement as provided in
this Section 2, effective as of the Vistas Merger Effective Time, and acknowledge and agree that the amendments to the Existing
Warrant Agreement set forth in this Section 2 (i) are necessary or desirable and that such amendments do not adversely affect the
interests of the registered holders under the Existing Warrant Agreement, and (ii) are to provide for the delivery of Alternative Issuance
pursuant to Section 4.4 of the Existing Warrant Agreement (in connection with the Vistas Merger and the transactions contemplated by the
Business Combination Agreement):

 

2.1 Preamble;
References to the “Company”. The preamble on page one of the Existing Warrant Agreement is hereby amended by deleting
“Vistas Media Acquisition Company Inc., a Delaware corporation” and replacing it with “Anghami Inc., a Cayman Islands
exempted company” As a result thereof, all references to the “Company” in the Existing Warrant Agreement shall be references
to Anghami Inc. rather than Vistas Media Acquisition Company Inc.

 

2.2 References
to “Common Stock”. All references to “Common Stock” in the Existing Warrant Agreement (including all Exhibits
thereto) shall be references to Pubco Ordinary Shares.

 

2.3 References
to “Business Combination”. All references to the “Business Combination” in the Existing Warrant Agreement
(including all Exhibits thereto) shall be references to the transactions contemplated by the Business Combination Agreement, and references
to “the closing of the Business Combination” and all variations thereof in the Existing Warrant Agreement (including all Exhibits
thereto) shall be references to the Vistas Merger Effective Time.

 

		2.4	Notices. Section 9.2 of the Existing Warrant Agreement is hereby deleted and replaced with the following:

 

“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:

 

Anghami Inc.

 16th Floor, Al-Khatem Tower,
WeWork Hub71

Abu Dhabi Global Market Square

Al Maryah Island, Abu Dhabi

United Arab Emirates

Email: 

 

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

 

in each case, with copies to:

 

Winston & Strawn LLP

200 Park Avenue,

New York, New York 10166

Attn: David A. Sakowitz

Email: DSakowitz@winston.com

 

    2

    

    

 

and

 

Norton Rose Fulbright

1301 McKinney, Suite 5100

Houston, Texas 77010

Attn:  Brian Fenske and Ayse Yuksel Mahfoud

	 	Email: 	brian.fenske@nortonrosefulbright.com; and
	 	 	ayse.yuksel@nortonrosefulbright.com

 

2.5 Applicable
Law. Section 9.3 of the Existing Warrant Agreement is hereby amended by adding the following after the last sentence:

 

“The foregoing provisions of
this Section 9.3 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. Section 27 of the Exchange Act
creates exclusive federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules
and regulations thereunder.”

 

		3.	Miscellaneous Provisions.

 

3.1 Effectiveness.
Each of the parties hereto acknowledges and agrees that the effectiveness of this Agreement shall be expressly subject to the occurrence
of the Vistas Merger and shall automatically be terminated and shall be null and void if the Business Combination Agreement shall be terminated
for any reason.

 

3.2 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 permitted respective successors and assigns.

 

3.3 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.

 

3.4 Applicable
Law. The validity, interpretation and performance of this Agreement shall be governed in all respects by the laws of the State of
New York, without giving effect to conflict of laws. The parties hereby agree 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 exclusive.
Each of the parties hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.

 

3.5 Counterparts.
This Agreement may be executed in any number of counterparts, and by facsimile or portable document format (pdf) transmission, 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.

 

3.6 Effect of Headings; Interpretation.
The Section headings herein are for convenience only and are not part of this Agreement and shall not affect the interpretation thereof.
All references to “dollars” or “$” refer to currency of the United States of America.

 

3.7 Entire
Agreement. The Existing Warrant Agreement, as modified by this Agreement, constitutes the entire understanding of the parties
and supersedes all prior agreements, understandings, arrangements, promises and commitments, whether written or oral, express or implied,
relating to the subject matter hereof, and all such prior agreements, understandings, arrangements, promises and commitments are hereby
canceled and terminated.

 

[Remainder of page intentionally
left blank.]

 

    3

    

    

 

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

 

	 	VISTAS MEDIA ACQUISITION COMPANY INC.
	 	 	                
	 	By:	 
	 	Name: 	 
	 	Title:	 
	 	 	 
	 	ANGHAMI INC.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

[Signature Page to Assignment,
Assumption and Amendment Agreement]

 

 

 4Exhibit 4.7

 

	 	 	 
	NUMBER:	 	SHARES:
	 	 	 

SEE REVERSE FOR CERTAIN DEFINITIONS

 

CUSIP [    ]

 

ANGHAMI INC.

ORDINARY SHARES

 

THIS CERTIFIES THAT                 
is the owner of                  ordinary shares, par
value $0.0001 per share (each, a “Ordinary Share”), of Anghami Inc., a Cayman Islands exempted company (the
“Company”), transferable on the books of the Company in person or by duly authorized attorney upon surrender
of this certificate properly endorsed. This certificate is not valid unless countersigned by the Transfer Agent and registered by the
Registrar of the Company.

 

Witness the facsimile
signature of a duly authorized signatory of the Company.

 

	 	 	Dated:
	 	 	 
	Authorized Signatory	 	Transfer Agent

 

     

     

    

 

Anghami Inc.

 

The Company will furnish
without charge to each shareholder who so requests, a statement of the powers, designations, preferences and relative, participating,
optional or other special rights of each class of equity or series thereof of the Company and the qualifications, limitations, or restrictions
of such preferences and/or rights. This certificate and the shares represented thereby are issued and shall be held subject to all the
provisions of the Amended and Restated Memorandum and Articles of Association of the Company and all amendments thereto and resolutions
of the Board of Directors providing for the issue of securities (copies of which may be obtained from the secretary of the Company), to
all of which the holder of this certificate by acceptance hereof assents.

 

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
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	(Cust)	 	(Minor)
	 	 	 	 	 	 	 
	TEN ENT	 	—	 	as tenants by the entireties	 	 	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Under Uniform Gifts to Minors Act
	 	 	 	 	 	 
	JT TEN	 	—	 	as joint tenants with right of survivorship and not as tenants in common	 	 	 	 	 	(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(S) OF ASSIGNEE(S))

 

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

 

Ordinary Shares represented by the within
certificate, and do hereby irrevocably constitute and appoint                 
Attorney to transfer the said Ordinary Shares 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 whatsoever.

 

	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 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (OR ANY SUCCESSOR RULE)).

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