Document:

exhibit43

Exhibit 4.3    UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SENIOR NOTES IN  CERTIFICATED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE  DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE  DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH  NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS  THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST  COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER OR ITS AGENT FOR  REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED  IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO  CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE  DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO  ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN  INTEREST HEREIN.  THIS SECURITY IS NOT A DEPOSIT AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE  CORPORATION OR BY ANY OTHER INSURER OR GOVERNMENTAL AGENCY.   THIS SENIOR NOTE IS A DIRECT, UNCONDITIONAL, UNSECURED AND UNSUBORDINATED  OBLIGATION OF THE PNC FINANCIAL SERVICES GROUP, INC. THIS SENIOR NOTE IS AN OBLIGATION  SOLELY OF THE PNC FINANCIAL SERVICES GROUP, INC. AND WILL NOT BE AN OBLIGATION OF, OR  OTHERWISE GUARANTEED BY, ANY AFFILIATE OF THE PNC FINANCIAL SERVICES GROUP, INC. THE  OBLIGATIONS EVIDENCED BY THIS SENIOR NOTE RANK EQUALLY WITH ALL OTHER UNSECURED AND  UNSUBORDINATED INDEBTEDNESS OF THE PNC FINANCIAL SERVICES GROUP, INC.     

 

    THE PNC FINANCIAL SERVICES GROUP, INC.   5.354% FIXED RATE/FLOATING RATE SENIOR NOTES DUE DECEMBER 2, 2028         REGISTERED                        CUSIP: 693475BK0  No.                        ISIN: US693475BK03                          $  THE PNC FINANCIAL SERVICES GROUP, INC., a corporation duly organized and existing under the laws of  Pennsylvania (herein called the “Company,” which term includes any successor corporation under the Indenture hereinafter  referred to), for value received, hereby promises to pay to CEDE & Co., or registered assigns, the principal sum of $                  on December 2, 2028, and to pay interest thereon (a) from, and including, December 2, 2022 to, but excluding, December 2,  2027 (the “Fixed Rate Period”) at the rate of 5.354% per annum, payable semiannually in arrears on June 2 and December 2  of each year, commencing June 2, 2023 and ending on December 2, 2027 (each, a “Fixed Rate Interest Payment Date”), and  (b) from, and including, December 2, 2027 to, but excluding, the maturity date (the “Floating Rate Period”), at a floating rate  per annum equal to Compounded SOFR (determined with respect to each quarterly interest period using the SOFR Index as  set forth herein) plus 1.62%, payable quarterly in arrears on March 2, 2028, June 2, 2028, September 2, 2028 and at the  maturity date (each, a “Floating Rate Interest Payment Date” and, together with the Fixed Rate Interest Payment Dates, each,  an “Interest Payment Date”), until the principal hereof is paid or made available for payment, and (in each case, to the extent  that the payment of such interest specified in (a) or (b) shall be legally enforceable), at the same rate per annum on any  overdue principal and premium and on any overdue installment of interest. Interest shall accrue from, and including,  December 2, 2022 to, but excluding, the first Interest Payment Date and then from, and including, the immediately preceding  Interest Payment Date to which interest has been paid or duly provided for to, but excluding, the next Interest Payment Date  or the maturity date, as the case may be. Interest payable during the Fixed Rate Period will be computed on the basis of a  360-day year consisting of twelve 30-day months. The amount of accrued interest payable on this Security for each interest  period during the Floating Rate Period will be computed by multiplying (x) the outstanding principal amount of this Security  by (y) the product of (i) the interest rate for the relevant interest period multiplied by (ii) the quotient of the actual number of  calendar days in the applicable Observation Period (as defined below) relating to such interest period (or any other relevant  period) divided by 360. The interest rate on this Security during the Floating Rate Period will in no event be lower than zero.  The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date, subject to certain  exceptions, will, as provided in the Indenture, be paid to the Person in whose name this Security (or one or more Predecessor  Securities) is registered at the close of business on the record date for such interest period, which shall be the 15th calendar  day, whether or not a Business Day, immediately preceding such Interest Payment Date. However, interest payable on the  maturity date will be paid to the person to whom the principal will be payable. Any such interest not so punctually paid or  duly provided for will forthwith cease to be payable to the Holder on such record date and may either be paid to the Person in  whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a record date for  the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Securities  not less than 10 days prior to such record date, or be paid at any time in any other lawful manner acceptable to the Trustee  and not inconsistent with the requirements of any securities exchange on which the Securities may be listed, and upon such  notice as may be required by such exchange, all as more fully provided in said Indenture. The Company will pay interest in  such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of  public and private debts.  If a Fixed Rate Interest Payment Date or the maturity date for the Senior Notes (as defined below) falls on a day that  is not a Business Day, the Company will postpone the interest payment or the payment of principal and interest at maturity to  the next succeeding Business Day, but the payments made on such dates will be treated as being made on the date that the  payment was first due and the Holder will not be entitled to any further interest or other payments with respect to such  postponements. If a Floating Rate Interest Payment Date falls on a day that is not a Business Day, the Company will  postpone the interest payment to the next succeeding Business Day, except that, if the next succeeding Business Day falls in  the next calendar month, then such interest payment will be advanced to the immediately preceding day that is a Business  Day and, in each case, the related interest periods also will be adjusted for such non-Business Days.  The term “Business Day” means any day except a Saturday, a Sunday or a legal holiday in the City of New York or  the City of Pittsburgh on which banking institutions are authorized or obligated by law, regulation or executive order to close.  This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities” or  “Senior Notes”), issued and to be issued in one or more series under an Indenture (the “Base Indenture”), dated as of  September 6, 2012, as amended by that certain First Supplemental Indenture, dated as of April 23, 2021 (together with the  Base Indenture, the “Indenture”), between the Company and The Bank of New York Mellon, as Trustee (herein called the  “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures  

 

    supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and  immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the  Securities are, and are to be, authenticated and delivered. This Security is one of the series designated above, initially issued  in the aggregate principal amount of $1,000,000,000, and is subject to additional issuances as the Company may determine or  as provided for in the Indenture.   During the Floating Rate Period, the Calculation Agent (as defined below) will determine Compounded SOFR, the  interest rate and accrued interest for each interest period in arrears as soon as reasonably practicable on or after the Interest  Payment Determination Date (as defined below) for such interest period and prior to the relevant Floating Rate Interest  Payment Date and will notify the Company of Compounded SOFR, such interest rate and accrued interest for each interest  period as soon as reasonably practicable after such determination, but in any event by the Business Day immediately prior to  the Floating Rate Interest Payment Date. At the request of the Holder, the Calculation Agent will provide Compounded  SOFR, the interest rate and the amount of interest accrued with respect to any interest period during the Floating Rate Period,  after Compounded SOFR, such interest rate and accrued interest have been determined.  SOFR (as defined below) is published by the FRBNY (as defined below) and is intended to be a broad measure of  the cost of borrowing cash overnight collateralized by U.S. Treasury securities.  The SOFR Index (as defined below) measures the cumulative impact of compounding SOFR on a unit of investment  over time, with the initial value set to 1.00000000 on April 2, 2018, the first value date of SOFR. The SOFR Index value  reflects the effect of compounding SOFR each Business Day and allows the calculation of compounded SOFR averages over  custom time periods.  The FRBNY notes on its publication page for the SOFR Index that use of the SOFR Index is subject to important  limitations, indemnification obligations and disclaimers, including that the FRBNY may alter the methods of calculation,  publication schedule, rate revision practices or availability of the SOFR Index at any time without notice. The interest rate for  any interest period during the Floating Rate Period will not be adjusted for any modifications or amendments to the SOFR  Index or SOFR data that the FRBNY may publish after the interest rate for that interest period during the Floating Rate  Period has been determined.  With respect to any interest period during the Floating Rate Period, “Compounded SOFR” will be determined by the  Calculation Agent in accordance with the following formula (and the resulting percentage will be rounded, if necessary, to  the nearest one hundred-thousandth of a percentage point):       where:  “SOFR IndexStart” = For periods other than the initial interest period during the Floating Rate Period, the SOFR  Index value on the preceding Interest Payment Determination Date, and, for the initial interest period during the Floating  Rate Period, the SOFR Index value on the date that is two U.S. Government Securities Business Days (as defined below)  before the first day of such initial interest period during the Floating Rate Period (expected to be December 2, 2027);  “SOFR IndexEnd” = The SOFR Index value on the Interest Payment Determination Date relating to the applicable  Floating Rate Interest Payment Date (or in the final interest period, relating to the maturity date, or, in the case of the  redemption of the Senior Notes during the Floating Rate Period, relating to the applicable redemption date); and  “d” is the number of calendar days in the relevant Observation Period.  For purposes of determining Compounded SOFR,  “Interest Payment Determination Date” means the date two U.S. Government Securities Business Days before each  Floating Rate Interest Payment Date (or, in the case of the redemption of the Senior Notes during the Floating Rate Period,  preceding the applicable redemption date).  “Observation Period” means, in respect of each interest period during the Floating Rate Period, the period from, and  including, the date two U.S. Government Securities Business Days preceding the first date in such interest period to, but  excluding, the date two U.S. Government Securities Business Days preceding the Floating Rate Interest Payment Date for  such interest period (or in the final interest period, preceding the maturity date or, in the case of redemption of the Senior  Notes, preceding the applicable redemption date).  

 

    “SOFR Index” means, with respect to any U.S. Government Securities Business Day:  (1) the SOFR Index value as published by the SOFR Administrator (as defined below) as such index appears  on the SOFR Administrator’s Website at 3:00 p.m. (New York time) on such U.S. Government Securities  Business Day (the “SOFR Index Determination Time”); or:  (2) if a SOFR Index value does not so appear as specified in (1) above at the SOFR Index Determination Time,  then: (i) if a Benchmark Transition Event (as defined below) and its related Benchmark Replacement Date  (as defined below) have not occurred with respect to SOFR, Compounded SOFR shall be the rate  determined pursuant to the “SOFR Index Unavailable Provisions” set forth below; or (ii) if a Benchmark  Transition Event and its related Benchmark Replacement Date have occurred with respect to SOFR,  Compounded SOFR shall be the rate determined pursuant to the “Effect of a Benchmark Transition Event”  provisions set forth below.  “SOFR” means the daily secured overnight financing rate as provided by the SOFR Administrator on the SOFR  Administrator’s Website.  “SOFR Administrator” means the FRBNY (or a successor administrator of SOFR).  “SOFR Administrator’s Website” means the website of the FRBNY, currently at http://www.newyorkfed.org, or any  successor source.  “U.S. Government Securities Business Day” means any day except for a Saturday, a Sunday or a day on which the  Securities Industry and Financial Markets Association or any successor organization recommends that the fixed income  departments of its members be closed for the entire day for purposes of trading in U.S. government securities.  Notwithstanding anything to the contrary in the Indenture or this Security, if the Company or its designee determines  on or prior to the relevant Reference Time (as defined below) that a Benchmark Transition Event and its related Benchmark  Replacement Date have occurred with respect to determining SOFR, then the benchmark replacement provisions set forth  below under “Effect of Benchmark Transition Event” will thereafter apply to all determinations of the rate of interest payable  on this Security.  For the avoidance of doubt, in accordance with the benchmark replacement provisions, after a Benchmark Transition  Event and its related Benchmark Replacement Date have occurred, the interest rate for each interest period during the  Floating Rate Period will be an annual rate equal to the sum of the Benchmark Replacement (as defined below) plus 1.62%.  SOFR Index Unavailable Provisions. If a SOFR IndexStart or SOFR IndexEnd is not published on the associated  Interest Payment Determination Date and a Benchmark Transition Event and its related Benchmark Replacement Date have  not occurred with respect to SOFR, “Compounded SOFR” means, for the applicable interest period for which such index is  not available, the rate of return on a daily compounded interest investment calculated in accordance with the formula for  SOFR Averages, and definitions required for such formula, published on the SOFR Administrator’s Website at  https://www.newyorkfed.org/markets/treasury-repo-reference-rates-information. For the purposes of this provision,  references in the SOFR Averages compounding formula and related definitions to “calculation period” shall be replaced with  “Observation Period” and the words “that is, 30-, 90-, or 180- calendar days” shall be removed. If SOFR (“SOFRi”) does not  so appear for any day, “i” in the Observation Period, SOFRi for such day “i” shall be SOFR published in respect of the first  preceding U.S. Government Securities Business Day for which SOFR was published on the SOFR Administrator’s Website.  Effect of a Benchmark Transition Event.  (1) Benchmark Replacement. If the Company or its designee determines that a Benchmark Transition Event  and its related Benchmark Replacement Date have occurred on or prior to the Reference Time in respect of  any determination of the Benchmark (as defined below) on any date, the Benchmark Replacement will  replace the then-current Benchmark for all purposes relating to the Senior Notes in respect of such  determination on such date and all determinations on all subsequent dates.  (2) Benchmark Replacement Conforming Changes. In connection with the implementation of a Benchmark  Replacement, the Company or its designee will have the right to make Benchmark Replacement  Conforming Changes (as defined below) from time to time.  (3) Decisions and Determinations. Any determination, decision or election that may be made by the Company  or its designee pursuant to the benchmark replacement provisions set forth herein, including any  

 

    determination with respect to tenor, rate or adjustment, or the occurrence or non-occurrence of an event,  circumstance or date and any decision to take or refrain from taking any action or any selection:  • will be conclusive and binding absent manifest error;  • if made by the Company, will be made in the Company’s sole discretion;  • if made by the Company’s designee, will be made after consultation with the Company, and such  designee will not make any such determination, decision or election to which the Company objects;  and  • notwithstanding anything to the contrary in the Indenture or herein, shall become effective without  consent from the Holder or any other party.  Any determination, decision or election pursuant to the benchmark replacement provisions shall be made by the  Company or its designee (which may be its affiliate) on the basis as set forth above, and in no event shall the Calculation  Agent be responsible for making any such determination, decision or election.  Certain Defined Terms. As used herein:  “Benchmark” means, initially, Compounded SOFR, as such term is defined above; provided that if a Benchmark  Transition Event and its related Benchmark Replacement Date have occurred with respect to Compounded SOFR (or the  published SOFR Index used in the calculation thereof) or the then-current Benchmark, then “Benchmark” means the  applicable Benchmark Replacement.  “Benchmark Replacement” means the first alternative set forth in the order below that can be determined by the  Company or its designee as of the Benchmark Replacement Date; provided that if the Benchmark Replacement cannot be  determined in accordance with clause (1) below as of the Benchmark Replacement Date and the Company or its designee  shall have determined that the ISDA Fallback Rate (as defined below) determined in accordance with clause (2) below is not  an industry-accepted rate of interest as a replacement for the then-current Benchmark for U.S. dollar-denominated floating  rate notes at such time, then clause (2) below shall be disregarded, and the Benchmark Replacement shall be determined in  accordance with clause (3) below:  (1) the sum of: (a) an alternate rate of interest that has been selected or recommended by the Relevant  Governmental Body (as defined below) as the replacement for the then-current Benchmark and (b) the  Benchmark Replacement Adjustment (as defined below);  (2) the sum of: (a) the ISDA Fallback Rate and (b) the Benchmark Replacement Adjustment; or  (3) the sum of: (a) the alternate rate of interest that has been selected by the Company or its designee as the  replacement for the then-current Benchmark giving due consideration to any industry-accepted rate of  interest as a replacement for the then-current Benchmark for U.S. dollar denominated floating rate notes at  such time and (b) the Benchmark Replacement Adjustment.  “Benchmark Replacement Adjustment” means the first alternative set forth in the order below that can be determined  by the Company or its designee as of the Benchmark Replacement Date:  (1) the spread adjustment (which may be a positive or negative value or zero), or method for calculating or  determining such spread adjustment, that has been selected or recommended by the Relevant Governmental  Body for the applicable Unadjusted Benchmark Replacement (as defined below);  (2) if the applicable Unadjusted Benchmark Replacement is equivalent to the ISDA Fallback Rate, the ISDA  Fallback Adjustment (as defined below); or  (3) the spread adjustment (which may be a positive or negative value or zero) that has been selected by the  Company or its designee giving due consideration to any industry-accepted spread adjustment, or method  for calculating or determining such spread adjustment, for the replacement of the then-current Benchmark  with the applicable Unadjusted Benchmark Replacement for U.S. dollar denominated floating rate notes at  such time.  “Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any  technical, administrative or operational changes (including changes to the definitions or interpretations of interest period, the  timing and frequency of determining rates and making payments of interest, the rounding of amounts or tenors, and other  administrative matters) that the Company or its designee decides may be appropriate to reflect the adoption of such  

 

    Benchmark Replacement in a manner substantially consistent with market practice (or, if the Company or its designee  decides that adoption of any portion of such market practice is not administratively feasible or if the Company or its designee  determines that no market practice for use of the Benchmark Replacement exists, in such other manner as the Company or its  designee determines is reasonably practicable).  “Benchmark Replacement Date” means the earliest to occur of the following events with respect to the then-current  Benchmark (including any daily published component used in the calculation thereof):  (1) in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date of  the public statement or publication of information referenced therein and (b) the date on which the  administrator of the Benchmark permanently or indefinitely ceases to provide the Benchmark (or such  component); or  (2) in the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the public statement  or publication of information referenced therein.  For the avoidance of doubt, if the event giving rise to the Benchmark Replacement Date occurs on the same day as,  but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to  have occurred prior to the Reference Time for such determination.  “Benchmark Transition Event” means the occurrence of one or more of the following events with respect to the then- current Benchmark (including the daily published component used in the calculation thereof):  (1) a public statement or publication of information by or on behalf of the administrator of the Benchmark (or  such component) announcing that such administrator has ceased or will cease to provide the Benchmark (or  such component), permanently or indefinitely, provided that, at the time of such statement or publication,  there is no successor administrator that will continue to provide the Benchmark (or such component); or  (2) a public statement or publication of information by the regulatory supervisor for the administrator of the  Benchmark (or such component), the central bank for the currency of the Benchmark (or such component),  an insolvency official with jurisdiction over the administrator for the Benchmark (or such component), a  resolution authority with jurisdiction over the administrator for the Benchmark (or such component) or a  court or an entity with similar insolvency or resolution authority over the administrator for the Benchmark  (or such component), which states that the administrator of the Benchmark (or such component) has ceased  or will cease to provide the Benchmark (or such component) permanently or indefinitely, provided that, at  the time of such statement or publication, there is no successor administrator that will continue to provide  the Benchmark (or such component); or  (3) a public statement or publication of information by the regulatory supervisor for the administrator of the  Benchmark announcing that the Benchmark is no longer representative  “Calculation Agent” means The Bank of New York Mellon, or its successor appointed by the Company, acting as  calculation agent.  “FRBNY” means the Federal Reserve Bank of New York.  “ISDA Definitions” means the 2006 ISDA Definitions published by ISDA, or any successor thereto, as amended or  supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to  time.  “ISDA Fallback Adjustment” means the spread adjustment (which may be a positive or negative value or zero) that  would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index  cessation event with respect to the Benchmark for the applicable tenor.  “ISDA Fallback Rate” means the rate that would apply for derivatives transactions referencing the ISDA Definitions  to be effective upon the occurrence of an index cessation date with respect to the Benchmark for the applicable tenor  excluding the applicable ISDA Fallback Adjustment.  “Reference Time” with respect to any determination of the Benchmark means (1) if the Benchmark is Compounded  SOFR, the SOFR Index Determination Time, as such time is defined above, and (2) if the Benchmark is not Compounded  SOFR, the time determined by the Company or its designee in accordance with the Benchmark Replacement Conforming  Changes.  

 

    “Relevant Governmental Body” means the Federal Reserve Board and/or the FRBNY, or a committee officially  endorsed or convened by the Federal Reserve Board and/or the FRBNY or any successor thereto.  “Unadjusted Benchmark Replacement” means the Benchmark Replacement excluding the Benchmark Replacement  Adjustment.  This Security is redeemable in whole, but not in part, by the Company on December 2, 2027, the date that is one year  prior to the maturity date, at 100% of the principal amount of the Security, plus accrued and unpaid interest thereon to the  date of redemption. In addition, this Security is redeemable in whole or in part by the Company during the 30-day period  prior to, and including, the maturity date at 100% of the principal amount of the Security, plus accrued and unpaid interest  thereon to the date of redemption. The Company will provide 5 to 30 calendar days’ notice of the redemption to the  registered Holder of this Security. Other than as described in the preceding three sentences, this Security is not redeemable  prior to maturity. This Security will not be subject to repayment at the option of the Holders prior to maturity and will not be  subject to any sinking fund. This Security is not convertible into, or exchangeable for, equity securities of the Company. If an  Event of Default (as defined in the Indenture) with respect to the Securities shall occur and be continuing, the principal of the  Securities may be declared due and payable in the manner and with the effect provided in the Indenture.  Unless the certificate of authentication hereon has been executed by the Trustee hereinafter referred to, by manual or  facsimile signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any  purpose.  The obligations evidenced by this Security rank equally with all other unsecured and unsubordinated indebtedness of  the Company.  The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of  the rights and obligations of the Company and the rights of the Holders of the Securities of any series under the Indenture at  any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the  outstanding Securities of all series (voting as one class) to be affected by such amendment or modification. The Indenture  also contains provisions permitting the Holders of specified percentages in principal amount of the outstanding Securities of  any series, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain  provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver  by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security  and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not  notation of such consent or waiver is made upon this Security.  No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the  obligation of the Company, which is absolute and unconditional, to pay the principal of and interest (if any) on this Security  at the times, place and rate, and in the coin or currency, herein prescribed.  The Securities are issuable only in registered form without coupons in denominations of $2,000 and any integral  multiples of $1,000 thereof. This Security is a global security, represented by one or more permanent global certificates  registered in the name of the nominee of The Depository Trust Company (each a “Global Note” and collectively, the “Global  Notes”). Accordingly, unless and until it is exchanged in whole or in part for individual certificates evidencing the Securities  represented hereby, this Security may not be transferred except as a whole by The Depositary Trust Company (the  “Depositary”) to a nominee of such Depositary or by a nominee of such Depositary or by the Depositary or any nominee to a  successor Depositary or any nominee of such successor. Ownership of beneficial interests in this Security will be shown on,  and the transfer of that ownership will be effected only through, records maintained by the applicable Depositary or its  nominee (with respect to interest of persons that have accounts with the Depositary (“Participants”) and the records of  Participants (with respect to interests of persons other than Participants)). Beneficial interests in Securities by persons that  hold through Participants will be evidenced only by, and transfers of such beneficial interests with such Participants will be  effected only through, records maintained by such Participants. Except as provided below, owners of beneficial interests in  this Security will not be entitled to have any individual certificates and will not be considered the owners or Holders thereof  under the Indenture.  Except in the limited circumstances set forth herein, Participants and owners of beneficial interests in the Global  Notes will not be entitled to receive Securities in definitive form and will not be considered Holders of Securities. If the  Depositary is at any time unwilling, unable or ineligible to continue as Depositary and a successor Depositary is not  appointed by the Company within 90 days, or an Event of Default has occurred and is continuing, and the Depositary  requests the issuance of certificated notes, the Company will issue individual certificates evidencing the Securities  represented hereby in definitive form in exchange for this Security in registered form to each person that the Depositary  

 

    identifies as the beneficial owner of the Securities represented by the Global Notes upon surrender by the Depositary of the  Global Notes. In addition, the Company may at any time and in its sole discretion determine not to have any Securities  represented by one or more global securities and, in such event, will issue individual certificates evidencing Securities in  definitive form in exchange for this Security. In any such instance, an owner of a beneficial interest in a Security will be  entitled to physical delivery in certificated form of Securities equal in principal amount to such beneficial interest and to have  such Securities registered in its name. Securities so issued in certificated form will be issued in denominations of $2,000 and  any integral multiples of $1,000 thereof and will be issued in registered form only, without coupons. Neither the Company  nor the principal paying agent will be liable for any delay by the Depositary, its nominee or any direct or indirect participant  in identifying the beneficial owners of the related Securities. The Company and the principal payment agent may  conclusively rely on, and will be protected in relying on, instructions from the Depositary or its nominee for all purposes,  including with respect to the registration and delivery, and the respective principal amounts, of the Securities to be issued.  Except as provided herein, beneficial owners of Global Notes will not be entitled to receive physical delivery of  Securities in definitive form and no Global Note will be exchangeable except for another Global Note of like denomination  and tenor to be registered in the name of the Depositary or its nominee. Accordingly, each person owning a beneficial interest  in a Global Note must rely on the procedures of the Depositary and, if such person is not a Participant, on the procedures of  the Participant through which such person owns its interest, to exercise any rights of a Holder under the Securities.  Beneficial interests in the Global Notes will be represented through book-entry accounts of financial institutions  acting on behalf of beneficial owners as direct and indirect participants in the Depositary. Investors may elect to hold  interests in the Global Notes through the Depositary, either directly if they are Participants of such system or indirectly  through organizations that are Participants in such system.  The laws of some jurisdictions may require that purchasers of securities take physical delivery of those securities in  definitive form. Accordingly, the ability to transfer interests in the Securities represented by a Global Note to those persons  may be limited. In addition, because the Depositary can act only on behalf of its Participants, who in turn act on behalf of  persons who hold interests through Participants, the ability of a person having an interest in Securities represented by a  Global Note to pledge or transfer such interest to persons or entities that do not participate in the Depositary’s system, or  otherwise to take actions in respect of such interest, may be affected by the lack of a physical definitive security in respect of  such interest.  Neither the Company, the Trustee, the principal paying agent nor any Security Registrar will have any responsibility  or liability for any aspect of the records relating to or payments made on account of Securities by the Depositary, or for  maintaining, supervising or reviewing any records of the Depositary relating to the Securities.  The Bank of New York Mellon will act as the Company’s principal paying agent with respect to the Securities  through its offices presently located at 525 William Penn Place, 38th Floor, Pittsburgh, PA 15259. The Company may at any  time rescind the designation of a paying agent, appoint a successor paying agent, or approve a change in the office through  which any paying agent acts. Payments of interest and principal may be made by wire-transfer in immediately available funds  for Securities held in book-entry form or, at the Company’s option in the event the Securities are not represented by Global  Notes, by check mailed to the address of the person entitled to the payment as it appears in the Security register. Payment of  principal will be made upon the surrender of the relevant Securities at the offices of the principal paying agent.   Notices to the Holders of registered Securities will be mailed to them at their respective addresses in the register of  the Securities and will be deemed to have been given on the fourth weekday (being a day other than Saturday or Sunday)  after the date of mailing. The Indenture contains provisions setting forth certain conditions to the institution of proceedings  by the Holders of Securities with respect to the Indenture or for any remedy under the Indenture.   All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the  Indenture.   — end of page —  [signatures appear on following page]     

 

    IN WITNESS WHEREOF, THE PNC FINANCIAL SERVICES GROUP, INC. has caused this Note to be signed in  its name by its Chairman of the Board, Vice Chairman, Chief Executive Officer, President, Vice President, Treasurer,  Assistant Treasurer or Controller and by its Secretary or an Assistant Secretary, or by facsimiles of any of their signatures,  and its corporate seal, or a facsimile thereof, to be hereto affixed.  Dated: December 2, 2022           THE PNC FINANCIAL SERVICES GROUP, INC.     By         Name:        Title:            Attest:       Name:     Title:        

 

    TRUSTEE’S CERTIFICATE OF AUTHENTICATION   This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.    Dated: December 2, 2022         THE BANK OF NEW YORK MELLON  as Trustee     By         Authorized OfficerExhibit 4.2

 

Underwriter’s Warrant

 

THE REGISTERED
HOLDER OF THIS PURCHASE WARRANT AGREES BY HIS, HER OR ITS ACCEPTANCE HEREOF, THAT SUCH HOLDER WILL NOT FOR A PERIOD OF ONE HUNDRED EIGHTY
(180) DAYS BEGINNING ON THE date of the commencemEnt of sales of the offering pursuant the registration statement No: 333-267999
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION: (A) SELL, TRANSFER, ASSIGN, PLEDGE OR HYPOTHECATE
THIS PURCHASE WARRANT TO ANYONE OTHER THAN OFFICERS OR PARTNERS OF NETWORK 1 FINANCIAL SECURITIES, INC., EACH OF WHOM SHALL HAVE AGREED
TO THE RESTRICTIONS CONTAINED HEREIN, IN ACCORDANCE WITH FINRA CONDUCT RULE 5110(E)(1), OR (B) CAUSE THIS PURCHASE WARRANT OR THE SECURITIES
ISSUABLE HEREUNDER TO BE THE SUBJECT OF ANY HEDGING, SHORT SALE, DERIVATIVE, PUT OR CALL TRANSACTION THAT WOULD RESULT IN THE EFFECTIVE
ECONOMIC DISPOSITION OF THIS PURCHASE WARRANT OR THE SECURITIES HEREUNDER, EXCEPT AS PROVIDED FOR IN FINRA RULE 5110(e)(2).

 

THIS PURCHASE WARRANT IS NOT EXERCISABLE PRIOR
TO [●], 202_1. VOID AFTER 5:00 P.M., EASTERN TIME, [●], 202_2 .

 

ORDINARY SHARES PURCHASE WARRANT

 

For the Purchase of [●] Ordinary Shares

 

of

 

PRESTIGE WEALTH INC.

 

1. Purchase
Warrant. THIS ORDINARY SHARES PURCHASE WARRANT (this “Purchase Warrant”) certifies that, pursuant to that certain
Underwriting Agreement by and between Prestige Wealth Inc., an exempted company incorporated in the Cayman Islands (the “Company”)
and Network 1 Financial Securities, Inc. (“Network 1”), dated [●], 202_ (the “Underwriting Agreement”),
Network 1 (in such capacity with its permitted successors or assigns, the “Holder”), as registered owner of this Purchase
Warrant, is entitled, at any time or from time to time from [●], 202_ (the “Exercise Date”)3, and
at or before 5:00 p.m., Eastern time, [●], 202_2 (the “Expiration Date”), but not thereafter, to subscribe
for, purchase and receive, in whole or in part, up to [●] ordinary shares of the Company, par value of US$0.000625 per share (the
“Shares”)4, subject to adjustment as provided in Section 5 hereof. If the Expiration Date is a day
on which banking institutions are authorized by law or executive order to close, then this Purchase Warrant may be exercised on the next
succeeding day which is not such a day in accordance with the terms herein. During the period commencing on the date hereof and ending
on the Expiration Date, the Company agrees not to take any action that would terminate this Purchase Warrant. This Purchase Warrant is
initially exercisable at US$[●] per Share (120% of the price of the Shares sold in the Offering); provided, however, that upon the
occurrence of any of the events specified in Section 5 hereof, the rights granted by this Purchase Warrant, including the exercise
price per Share and the number of Shares to be received upon such exercise, shall be adjusted as therein specified. The term “Exercise
Price” shall mean the initial exercise price or the adjusted exercise price, depending on the context. Any term not defined
herein shall have the meaning ascribed thereto in the Underwriting Agreement. The Purchase Warrant is redeemable.

 

2. Exercise.

 

2.1 Exercise Form.
In order to exercise this Purchase Warrant, the exercise form attached hereto as Exhibit A (the “Exercise Form”)
must be duly executed and completed and delivered to the Company, together with this Purchase Warrant and payment of the Exercise Price
for the Shares being purchased payable in cash by wire transfer of immediately available funds to an account designated by the Company.
If the subscription rights represented hereby shall not be exercised at or before 5:00 p.m., Eastern Time, on the Expiration Date, this
Purchase Warrant shall become and be void without further force or effect, and all rights represented hereby shall cease and expire.

 

     

     

    

 

2.2 Cashless Exercise.
If at any time after the Exercise Date and until the Expiration Date, there is no effective registration statement registering, or the
prospectus contained therein is not available for the issuance of the Shares to the Holder, Holder may elect to receive the number of
Shares equal to the value of this Purchase Warrant (or the portion thereof being exercised), by surrender of this Purchase Warrant to
the Company, together with the Exercise Form, in which event the Company shall issue to Holder, Shares in accordance with the following
formula:

 

	X =    	Y(A – B)	 
	A	 

 

	Where,	X = The number of Shares to be issued to Holder;

 

Y = The number of Shares that would be
issuable upon exercise of this Purchase Warrant in accordance with the terms of this Purchase Warrant if such exercise were by means of
a cash exercise rather than a cashless exercise;

 

A = The fair market value of one Share;
and

 

B = The Exercise Price of this Purchase
Warrant, as adjusted hereunder.

 

For purposes of this Section
2.2, the fair market value of a Share is defined as follows:

 

(i) if the Company’s ordinary
shares are traded on a securities exchange, the value shall be deemed to be the closing price on such exchange on the trading day immediately
prior to the Exercise Form being submitted in connection with the exercise of this Purchase Warrant; or

 

(ii) if the Company’s
ordinary shares are traded over-the-counter, the value shall be deemed to be the closing bid price on the trading day immediately prior
to the Exercise Form being submitted in connection with the exercise of the Purchase Warrant;

 

(iii) if there is no active
public market, the value shall be the fair market value thereof, as determined in good faith by the Company’s Board of Directors.

 

2.3 Legend. Each certificate
for the securities purchased under this Purchase Warrant shall bear a legend as follows unless such securities have been registered under
the Securities Act of 1933, as amended (the “Act”):

 

“(i) “THE SECURITIES REPRESENTED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR
APPLICABLE STATE LAW. THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A LOCK-UP PERIOD OF ONE HUNDRED AND EIGHTY (180) DAYS
FOLLOWING THE COMMENCEMENT OF SALES OF THE OFFERING PURSUANT TO THE REGISTRATION STATEMENT OF THE COMPANY’S SECURITIES (FILE NO.
333-267999)) AND MAY NOT BE (A) SOLD, TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED TO ANYONE OTHER THAN NETWORK 1 FINANCIAL SERVICES,
INC. OR BONA FIDE OFFICERS OR MEMBERS OR PARTNERS OF NETWORK 1 FINANCIAL SECURITIES, INC., OR (B) CAUSED TO BE THE SUBJECT OF ANY HEDGING,
SHORT SALE, DERIVATIVE, PUT OR CALL TRANSACTION THAT WOULD RESULT IN THE EFFECTIVE ECONOMIC DISPOSITION OF THIS SECURITIES HEREUNDER,
EXCEPT AS PROVIDED FOR IN FINRA RULE 5110(E)(2).”

 

    2

     

    

 

3. Transfer.

 

3.1 General Restrictions.
The registered Holder of this Purchase Warrant agrees by his, her or its acceptance hereof, that such Holder will not for a period of
one hundred eighty (180) days following the date of commencement of sales of the offering: (a) sell, transfer, assign, pledge or hypothecate
this Purchase Warrant or any of the Shares issuable hereunder to anyone other than: (i) Network 1 or a selected dealer participating in
the Offering contemplated by the Underwriting Agreement, or (ii) officers or partners of Network 1, each of whom shall have agreed to
the restrictions contained herein, in accordance with FINRA Rule 5110(e)(1), or (b) cause this Purchase Warrant or the securities issuable
hereunder to be the subject of any hedging, short sale, derivative, put or call transaction that would result in the effective economic
disposition of this Purchase Warrant or the securities hereunder, except as provided for in FINRA Rule 5110(e)(2). The registered Holder
of this Purchase Warrant will have the option to exercise, transfer or assign this Purchase Warrant at any time, provided that underlying
securities shall not be transferred during the lock-up period; i.e., the Shares shall remain subject to the 180-day lock-up period. On
and after that date that is one hundred eighty (180) days after the commencement of sales of the offering, transfers to others may be
made subject to compliance with or exemptions from applicable securities laws. In order to make any permitted assignment, the Holder must
deliver to the Company the assignment form attached hereto as Exhibit B duly executed and completed, together with this Purchase
Warrant and payment of all transfer taxes, if any, payable in connection therewith. The Company shall within five (5) Business Days transfer
this Purchase Warrant on the books of the Company and shall execute and deliver a new Purchase Warrant or Purchase Warrants of like tenor
to the appropriate assignee(s) expressly evidencing the right to purchase the aggregate number of Shares purchasable hereunder or such
portion of such number as shall be contemplated by any such assignment.

 

3.2 Restrictions Imposed
by the Act. The securities evidenced by this Purchase Warrant shall not be transferred unless and until: (i) the Company has received
the opinion of counsel for the Holder that the securities may be transferred pursuant to an exemption from registration under the Act
and applicable state securities laws, the availability of which is established to the reasonable satisfaction of the Company, (ii) a Registration
Statement relating to the offer and sale of such securities that includes a current prospectus has been filed and declared effective by
the U.S. Securities and Exchange Commission (the “Commission”) and compliance with applicable state securities law
has been established.

 

4. New
Purchase Warrants to be Issued.

 

4.1 Partial Exercise or
Transfer. Subject to the restrictions in Section 3 hereof, this Purchase Warrant may be exercised or assigned in whole or in
part. In the event of the exercise or assignment hereof in part only, upon surrender of this Purchase Warrant for cancellation, together
with the duly executed exercise or assignment form and funds sufficient to pay any Exercise Price and/or transfer tax if exercised pursuant
to Section 2.1 hereof, the Company shall cause to be delivered to the Holder, without charge, a new Purchase Warrant of like tenor
to this Purchase Warrant in the name of the Holder evidencing the right of the Holder to purchase the number of Shares purchasable hereunder
as to which this Purchase Warrant has not been exercised or assigned.

 

4.2 Lost Certificate.
Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Purchase Warrant and
of reasonably satisfactory indemnification or the posting of a bond, the Company shall execute and deliver a new Purchase Warrant of like
tenor. Any such new Purchase Warrant executed and delivered as a result of such loss, theft, mutilation or destruction shall constitute
a substitute contractual obligation on the part of the Company.

 

5. Adjustments.

 

5.1 Adjustments to Exercise
Price and Number of Shares. The Exercise Price and the number of Shares underlying this Purchase Warrant shall be subject to adjustment
from time to time as hereinafter set forth:

 

5.1.1 Share Dividends; Split
Ups. If, after the date hereof, and subject to the provisions of Section 5.3 below, the number of outstanding Shares is increased
by a share dividend payable in Shares or by a split up of Shares or other similar event, then, on the effective day thereof, the number
of Shares purchasable hereunder shall be increased in proportion to such increase in outstanding shares, and the Exercise Price shall
be proportionately decreased.

 

5.1.2 Aggregation of Shares.
If, after the date hereof, and subject to the provisions of Section 5.3 below, the number of outstanding Shares is decreased by
a consolidation, combination or reclassification of Shares or other similar event, then, on the effective date thereof, the number of
Shares purchasable hereunder shall be decreased in proportion to such decrease in outstanding shares, and the Exercise Price shall be
proportionately increased.

 

    3

     

    

 

5.1.3 Replacement of Shares
upon Reorganization, etc. In case of any reclassification or reorganization of the outstanding Shares other than a change covered
by Section 5.1.1 or Section 5.1.2 hereof or that solely affects the par value of such Shares, or in the case of any share
reconstruction or amalgamation or consolidation of the Company with or into another corporation (other than a consolidation or share reconstruction
or amalgamation in which the Company is the continuing corporation and that does not result in any reclassification or reorganization
of the outstanding Shares), or in the case of any sale or conveyance to another corporation or entity of the property of the Company as
an entirety or substantially as an entirety in connection with which the Company is dissolved, the Holder of this Purchase Warrant shall
have the right thereafter (until the expiration of the right of exercise of this Purchase Warrant) to receive upon the exercise hereof,
for the same aggregate Exercise Price payable hereunder immediately prior to such event, the kind and amount of shares of stock or other
securities or property (including cash) receivable upon such reclassification, reorganization, share reconstruction or amalgamation, or
consolidation, or upon a dissolution following any such sale or transfer, by a Holder of the number of Shares of the Company obtainable
upon exercise of this Purchase Warrant immediately prior to such event; and if any reclassification also results in a change in Shares
covered by Section 5.1.1 or Section 5.1.2, then such adjustment shall be made pursuant to Section 5.1.1, Section
5.1.2 and this Section 5.1.3. The provisions of this Section 5.1.3 shall similarly apply to successive reclassifications,
reorganizations, share reconstructions or amalgamations, or consolidations, sales or other transfers.

 

5.1.4 Changes in Form of
Purchase Warrant. This form of Purchase Warrant need not be changed because of any change pursuant to this Section 5.1, and
Purchase Warrants issued after such change may state the same Exercise Price and the same number of Shares as are stated in the Purchase
Warrants initially issued pursuant to this Agreement. The acceptance by any Holder of the issuance of new Purchase Warrants reflecting
a required or permissive change shall not be deemed to waive any rights to an adjustment occurring after the date hereof or the computation
thereof.

 

5.2 Substitute Purchase
Warrant. In case of any consolidation of the Company with, or share reconstruction or amalgamation of the Company with or into, another
corporation (other than a consolidation or share reconstruction or amalgamation which does not result in any reclassification or change
of the outstanding Shares), the corporation formed by such consolidation or share reconstruction or amalgamation shall execute and deliver
to the Holder a supplemental Purchase Warrant providing that the holder of each Purchase Warrant then outstanding or to be outstanding
shall have the right thereafter (until the stated expiration of such Purchase Warrant) to receive, upon exercise of such Purchase Warrant,
the kind and amount of shares of stock and other securities and property receivable upon such consolidation or share reconstruction or
amalgamation, by a holder of the number of Shares of the Company for which such Purchase Warrant might have been exercised immediately
prior to such consolidation, share reconstruction or amalgamation, sale or transfer. Such supplemental Purchase Warrant shall provide
for adjustments which shall be identical to the adjustments provided for in this Section 5. The above provision of this Section
5 shall similarly apply to successive consolidations or share reconstructions or amalgamations.

 

5.3 Elimination of Fractional
Interests. The Company shall not be required to issue certificates representing fractions of Shares upon the exercise of the Purchase
Warrant, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests, it being the intent of the parties that
all fractional interests shall be eliminated by rounding any fraction up or down, as the case may be, to the nearest whole number of Shares
or other securities, properties or rights.

 

6. [intentionally omitted]

 

7. Reservation
and Listing. The Company shall at all times reserve and keep available out of its authorized Shares, solely for the purpose of issuance
upon exercise of this Purchase Warrant, such number of Shares or other securities, properties or rights as shall be issuable upon the
exercise thereof. The Company covenants and agrees that, upon exercise of this Purchase Warrant and payment of the Exercise Price therefor,
in accordance with the terms hereby, all Shares and other securities issuable upon such exercise shall be duly and validly issued, fully
paid and non-assessable and not subject to preemptive rights of any shareholder. The Company further covenants and agrees that upon exercise
of this Purchase Warrant and payment of the exercise price therefor, all Shares and other securities issuable upon such exercise shall
be duly and validly issued, fully paid and non-assessable and not subject to preemptive rights of any shareholder. As long as this Purchase
Warrant shall be outstanding, the Company shall use its commercially reasonable efforts to cause all Shares issuable upon exercise of
this Purchase Warrant to be listed (subject to official notice of issuance) on all national securities exchanges (or, if applicable, on
the OTC Bulletin Board or any successor trading market) on which the Shares issued to the public in the Offering may then be listed and/or
quoted.

 

    4

     

    

 

8. Certain
Notice Requirements.

 

8.1 Holder’s Right
to Receive Notice. Nothing herein shall be construed as conferring upon the Holders the right to vote or consent or to receive notice
as a shareholder for the election of directors or any other matter, or as having any rights whatsoever as a shareholder of the Company.
If, however, at any time prior to the expiration of the Purchase Warrants and their exercise, any of the events described in Section
8.2 shall occur, then, in one or more of said events, the Company shall give written notice of such event at least fifteen (15) days
prior to the date fixed as a record date or the date of closing the transfer books (the “Notice Date”) for the determination
of the shareholders entitled to such dividend, distribution, conversion or exchange of securities or subscription rights, or entitled
to vote on such proposed dissolution, liquidation, winding up or sale. Such notice shall specify such record date or the date of the closing
of the transfer books, as the case may be. Notwithstanding the foregoing, the Company shall deliver to each Holder a copy of each notice
given to the other shareholders of the Company at the same time and in the same manner that such notice is given to the shareholders.

 

8.2 Events Requiring Notice.
The Company shall be required to give the notice described in this Section 8 upon one or more of the following events: (i) if the
Company shall take a record of the holders of its Shares for the purpose of entitling them to receive a dividend or distribution payable
otherwise than in cash, or a cash dividend or distribution payable otherwise than out of retained earnings, as indicated by the accounting
treatment of such dividend or distribution on the books of the Company, (ii) the Company shall offer to all the holders of its Shares
any additional shares of the Company or securities convertible into or exchangeable for shares of the Company, or any option, right or
warrant to subscribe therefor, or (iii) a dissolution, liquidation or winding up of the Company (other than in connection with a consolidation
or share reconstruction or amalgamation) or a sale of all or substantially all of its property, assets and business shall be proposed.

 

8.3 Notice of Change in
Exercise Price. The Company shall, promptly after an event requiring a change in the Exercise Price pursuant to Section 5 hereof,
send notice to the Holders of such event and change (“Price Notice”). The Price Notice shall describe the event causing
the change and the method of calculating same and shall be certified as being true and accurate by the Company’s Chief Financial
Officer.

 

8.4 Transmittal of Notices.
All notices, requests, consents and other communications under this Purchase Warrant shall be in writing and shall be deemed to have been
duly made (1) when hand delivered, (2) when mailed by express mail or private courier service, (3) if sent by electronic mail, on the
day the notice was sent if during regular business hours and, if sent outside of regular business hours, on the following business day,
or (4) when the event requiring notice is disclosed in all material respects and filed in a Current Report on Form 6-K prior to the Notice
Date: (i) if to the registered Holder of the Purchase Warrant, to the address of such Holder as shown on the books of the Company, or
(ii) if to the Company, to following address or to such other address as the Company may designate by notice to the Holders:

 

If to the Holder:

 

Network 1 Financial Securities, Inc.

2 Bridge Ave., Suite 241

Red Bank, NJ 07701

Attention: Adam Pasholk, Managing Director

Email: adampasholk@netw1.com

 

with a copy (which shall
not constitute notice) to:

 

Loeb & Loeb
LLP

2206-19 Jardine
House

1 Connaught Place

Central, Hong Kong
SAR

Attention: Lawrence
Venick, Esq.

Email: lvenick@loeb.com

 

    5

     

    

 

If to the Company:

 

Prestige Wealth
Inc.

Suite 5102, 51/F, Cheung Kong Center

2 Queen’s Road Central, Hong Kong

Attention: Hongtao
Shi, CEO

Email: hs@prestigefh.com

 

with a copy (which shall
not constitute notice) to:

 

Hunter Taubman Fischer & Li LLC

48 Wall Street, Suite 1100

New York, NY 10005

Attn: Ying Li, Esq. and Guillaume de Sampigny,
Esq.

Email: yli@htflawyers.com
and gdesampigny@htflawyers.com

 

9. Miscellaneous.

 

9.1 Amendments. The
Company and Network 1 may from time to time supplement or amend this Purchase Warrant without the approval of any of the Holders in order
to cure any ambiguity, to correct or supplement any provision contained herein that may be defective or inconsistent with any other provisions
herein, or to make any other provisions in regard to matters or questions arising hereunder that the Company and Network 1 may deem necessary
or desirable and that the Company and Network 1 deem shall not adversely affect the interest of the Holders. All other modifications or
amendments shall require the written consent of and be signed by the party against whom enforcement of the modification or amendment is
sought.

 

9.2 Headings. The headings
contained herein are for the sole purpose of convenience of reference, and shall not in any way limit or affect the meaning or interpretation
of any of the terms or provisions of this Purchase Warrant.

 

9.3 Entire Agreement.
This Purchase Warrant (together with the other agreements and documents being delivered pursuant to or in connection with this Purchase
Warrant) constitutes the entire agreement of the parties hereto with respect to the subject matter hereof, and supersedes all prior agreements
and understandings of the parties, oral and written, with respect to the subject matter hereof.

 

9.4 Binding Effect.
This Purchase Warrant shall inure solely to the benefit of and shall be binding upon, the Holder and the Company and their permitted assignees
and respective successors and no other person shall have or be construed to have any legal or equitable right, remedy or claim under or
in respect of or by virtue of this Purchase Warrant or any provisions herein contained.

 

9.5 Governing Law; Submission
to Jurisdiction. This Purchase Warrant shall be governed by and construed and enforced in accordance with the internal laws of the
State of New York, without giving effect to conflict of laws principles thereof. The Company hereby agrees that any action, proceeding
or claim against it arising out of, or relating in any way to this Purchase Warrant shall be brought and enforced in the Borough of Manhattan
in The City of New York (each, a “New York Court”), and irrevocably submits to such jurisdiction, which jurisdiction
shall be exclusive. The Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient
forum. Any process or summons to be served upon the Company may be served by transmitting a copy thereof by registered or certified mail,
return receipt requested, postage prepaid, addressed to it at the address set forth in Section 8.4 hereof. Such mailing shall be
deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim. The Company and the Holder
agree that the prevailing party(ies) in any such action shall be entitled to recover from the other party(ies) all of its reasonable attorneys’
fees and expenses relating to such action or proceeding and/or incurred in connection with the preparation therefor.

 

9.6 Waiver, etc. The
failure of the Company or the Holder to at any time enforce any of the provisions of this Purchase Warrant shall not be deemed or construed
to be a waiver of any such provision, nor to in any way affect the validity of this Purchase Warrant or any provision hereof or the right
of the Company or any Holder to thereafter enforce each and every provision of this Purchase Warrant. No waiver of any breach, non-compliance
or non-fulfillment of any of the provisions of this Purchase Warrant shall be effective unless set forth in a written instrument executed
by the party or parties against whom or which enforcement of such waiver is sought; and no waiver of any such breach, non-compliance or
non-fulfillment shall be construed or deemed to be a waiver of any other or subsequent breach, non-compliance or non-fulfillment.

 

    6

     

    

 

9.7 Exchange Agreement.
As a condition of the Holder’s receipt and acceptance of this Purchase Warrant, Holder agrees that, at any time prior to the complete
exercise of this Purchase Warrant by Holder, if the Company and Network 1 enter into an agreement (“Exchange Agreement”)
pursuant to which they agree that all outstanding Purchase Warrants will be exchanged for securities or cash or a combination of both,
then Holder shall agree to such exchange and become a party to the Exchange Agreement.

 

9.8 Execution in Counterparts.
This Purchase Warrant may be executed in one or more counterparts, and by the different parties hereto in separate counterparts, each
of which shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement, and shall become
effective when one or more counterparts has been signed by each of the parties hereto and delivered to each of the other parties hereto.
Such counterparts may be delivered by facsimile transmission or other electronic transmission.

 

9.9 Restrictions. The
Holder acknowledges that the Shares acquired upon the exercise of this Purchase Warrant, if not registered, and the Holder does not utilize
cashless exercise, will have restrictions upon resale imposed by state and federal securities laws.

 

9.10 Severability.
Wherever possible, each provision of this Purchase Warrant shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Purchase Warrant shall be prohibited by or invalid under applicable law, such provision shall be ineffective
to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this
Purchase Warrant.

 

[Remainder of page intentionally left blank]

 

    7

     

    

  

IN WITNESS WHEREOF,
the Company has caused this Purchase Warrant to be signed by its duly authorized officer as of the ____ day of _______, 202_.

 

	Prestige Wealth Inc.	 
	 	 	 
	By: 	 	 
	Name: 	Hongtao Shi	 
	Title:	Director and Chief Executive Officer	 

 

    8

     

    

 

EXHIBIT A

EXERCISE FORM

 

Form to be used to exercise Purchase Warrant:

 

Date: __________, 20___

 

The undersigned hereby elects
irrevocably to exercise the Purchase Warrant for ______ ordinary shares of Prestige Wealth Inc. of a par value of US$0.000625 each, an
exempted company incorporated in the Cayman Islands (the “Company”) and hereby makes payment of US$____ (at the rate
of US$____ per Share) in payment of the Exercise Price pursuant thereto. Please issue the Shares as to which this Purchase Warrant is
exercised in accordance with the instructions given below and, if applicable, a new Purchase Warrant representing the number of Shares
for which this Purchase Warrant has not been exercised.

 

or

 

The undersigned hereby elects
irrevocably to convert its right to purchase ___ Shares under the Purchase Warrant for ______ Shares, as determined in accordance with
the following formula:

 

	 	X	=	Y(A-B)	 
	 	 	 	A	 

 

Where,

 

X = The number of Shares to be issued
to Holder;

 

Y = The number of Shares that would be
issuable upon exercise of this Purchase Warrant in accordance with the terms of this Purchase Warrant if such exercise were by means of
a cash exercise rather than a cashless exercise;

 

A = The fair market value of one Share;
and

 

B = The Exercise Price of this Purchase
Warrant, as adjusted hereunder

 

The undersigned agrees and
acknowledges that the calculation set forth above is subject to confirmation by the Company and any disagreement with respect to the calculation
shall be resolved by the Company in its sole discretion.

 

Please issue the Shares as
to which this Purchase Warrant is exercised in accordance with the instructions given below and, if applicable, a new Purchase Warrant
representing the number of Shares for which this Purchase Warrant has not been exercised.

 

Signature

 

Signature Guaranteed

 

INSTRUCTIONS FOR REGISTRATION OF SECURITIES

 

	Name:	 
	(Print in Block Letters)	 
	Address:	 

 

NOTICE: The signature to
this form must correspond with the name as written upon the face of the Purchase Warrant without alteration or enlargement or any change
whatsoever, and must be guaranteed by a bank, other than a savings bank, or by a trust company or by a firm having membership on a registered
national securities exchange.

 

    9

     

    

 

EXHIBIT B

ASSIGNMENT FORM

 

Form to be used to assign
Purchase Warrant:

 

(To be executed by the registered
Holder to effect a transfer of the within Purchase Warrant):

 

FOR VALUE RECEIVED,           
does hereby sell, assign and transfer unto the right to purchase ordinary shares of Prestige Wealth Inc., an exempted company incorporated
in the Cayman Islands (the “Company”), evidenced by the Purchase Warrant and does hereby authorize the Company to transfer
such right on the books of the Company to

 

_______________________________________________
whose address is

 

_______________________________________________________________.

 

_______________________________________________________________

 

Dated: ____________, 20__

 

Holder’s Signature:
_____________________________

 

Holder’s Address: _____________________________

 

_____________________________

 

Signature Guaranteed: ___________________________________________

 

NOTICE: The signature to this
form must correspond with the name as written upon the face of the within Purchase Warrant without alteration or enlargement or any change
whatsoever, and must be guaranteed by a bank or trust company. Officers of corporations and those acting in a fiduciary or other representative
capacity should file proper evidence of authority to assign the foregoing Purchase Warrant.

 

 

10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00351-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00351-of-00352.parquet"}]]