Document:

Exhibit
10.17

 

		

 

Contract
Number:B3-102091

 

Sole-Vision
Technologies, Inc.

 

&

 

Industrial
Technology Research Institute (ITRI)

 

Cloud
Video Monitoring and Management Platform

 

Technology
and Patent License Agreement

 

    	 

    	 

    

 

		

 

Technology
and Patent License Agreement

 

The
contractor Sole-Vision Technologies, Inc. (hereinafter referred to as Party A) and the Industrial Technology Research Institute (hereinafter
referred to as Party B), both parties A and B are involved in the authorization of specific technologies and patents, hereby establish
this contract and agree to the following conditions:

 

	1.	Both
    agree for

 

	 	1.1	Party
    B was commissioned by the Ministry of Economic Affairs to implement the 2012 broadband network system and convergence technology
    development plan, the 2012 smart sensing network technology and service development plan, and the 2012 embedded software and life
    service platform develop plan. The specific technical information in Appendix 1 (hereinafter referred to as the technical information)
    and the specified patent in Appendix II (hereinafter referred to as the patent, the foregoing technical information and this patent
    are collectively referred to as “the research and development results”), and Party B shall use the above-mentioned “this
    research and development” Achievements”, build a cloud video monitoring management platform system (hereinafter referred
    to as “this product) based on the technical service content contained in Appendix 3 of this contract.

 

    	-1-

     

    

 

		

 

	 	1.2	Both
    parties agree to use this research and development results in accordance with the provisions of the “Basic Law on Science and
    Technology”, “The Ministry of Economic Affairs promotes research institutions to carry out industrial innovation and
    research and development subsidies” and “The Ministry of Economic Affairs Science and Technology Research and Development
    Results Attribution and Application Measures”; and Party B agrees to follow the following conditions to authorize Party A to
    use this research and development results. Party A agrees to accept the right to use this research and development results under
    the following conditions.
	 	 	 
	 	1.3	If
    the laws and regulations in the preceding paragraph change, both parties agree to amend the relevant terms of this contract in accordance
    with the latest laws and regulations.

 

	2.	Authorized
    content

 

	 	2.1	Party
    B hereby agrees to grant Party A the right to use this R&D achievement and this product in the field of information and communication.
	 	 	 
	 	2.2	The
    authorization in the preceding paragraph does not include any patent rights that may be produced by this technical material in the
    future. If this technical material is patented in the future, Party A shall sign a patent authorization contract with Party B and
    pay the patent authorization fee.

 

    	-2-

     

    

 

		

 

	 	2.3	Party
    A shall not sublicense this research, development results and this product to a third party.
	 	 	 
	 	2.4	During
    the validity period of this contract, Party B can sign a separate authorization contract with a third party for this research and
    development achievement.
	 	 	 
	 	2.5	Party
    A agrees that Party B has the right to decide the following of this patent:

 

	 	(a).	Abandon
    the patent or continue to pay the patent annual fee or not;
	 	 	 
	 	(b).	Transfer
    this patent, but Party A’s authorization for this patent will not be affected;
	 	 	 
	 	(c).
    	Supplement,
    amendment, division or correction etc. for application.

 

	3.
    	Information
    Delivery

 

	 	3.1
    	Party
    B shall deliver the items set out in Appendix III to Party A on the agreed time after the effective date of this contract.
	 	 	 
	 	3.2
    	Except
    for this patent, which has a patent application on-going, Party B has no obligation to provide any information related to this patent
    to Party A.

 

	4.	Consultation
    and explanation

 

	 	4.1
    	When
    Party A has any questions with the R&D achievements or products delivered by Party B, Party B shall provide services for Party
    A’s questions. The content and form will be determined after confirmation by the executives of both parties as required.

 

    	-3-

     

    

 

		

 

	5.	Authorization
    fee

 

	 	Party
    A accepts to Party B the right to use a set of this research and development achievement and product, and shall pay the following
    payment to Party B:

 

	 	(a).	Technology
    authorization fee: NT Dollars (the same as below) Nine Hundred Thousand NT Dollars (excluding business tax, the same as below);
	 	 	 
	 	(b).
    	Patent
    authorization fee: Five Hundred Thousand NT Dollars.
	 	 	 
	 	(c).
    	Technical
    service fee: Nine Hundred Thousand NT Dollars.

 

	6.
    	Payment
    Term

 

	 	6.1
    	Party
    A agrees to pay Party B the technology license fee, patent license fee and technical service fee of the preceding article in accordance
    with the following conditions.

 

	 	(a).
    	Party
    A shall pay the first payment of one million NT Dollars after the contract becomes effective and within 30 days from the date when
    Party B issues the invoice.
	 	 	 
	 	(b).
    	Party
    A shall pay the second payments of 600,000 NT Dollars within 30 days after receipt of the invoice issued by Party B after the completion
    of the inspection and acceptance by both parties on December 15, 2013 (the same as below).
	 	 	 
	 	(c).
    	Party
    A shall pay the third payments of 700,000 NT Dollars within 30 days after receipt of the invoice issued by Party B after the acceptance
    of the acceptance by both parties on January 27, 2014.

 

    	-4-

     

    

 

		

 

	 	6.2
    	Both
    parties agree that if part or all of the patents in the application for this patent are not certified during the validity period
    of this contract, or are not certified in accordance with the scope of the application, or the certified patent is revoked, the scope
    of the patent is changed or eliminated. when the circumstance occurs, Party B agrees to still authorize Party A with the technical
    content of these patents. In this case, both parties agree that the aforementioned patent license fee will be converted into technology
    license fee. Affected, and Party B does not need to return the amount collected in accordance with this contract, and is not liable
    for damages.
	 	 	 
	 	6.3
    	The
    amount that Party A should pay to Party B in accordance with this contract shall be paid in cash, promissory notes or cheque. If
    the payment is made by promissory note or cheque, the content and form shall meet the requirements of Party B.
	 	 	 
	 	6.4
    	The
    amount that Party A should pay to Party B in accordance with this contract shall be paid in New Taiwan Dollars. If foreign currency
    conversion is involved, the exchange rate shall be based on the closing price of the foreign currency on the foreign exchange trading
    day before the settlement date of the premium paid by the Bank of Taiwan.

 

	7.	Patent
    related fees

 

	 	7.1
    	This
    patent is owned by Party B, and is responsible for the cost of obtaining the patent and related annual patent fees.

 

    	-5-

     

    

 

		

 

	 	7.2
    	If
    there is a patent under application in this patent, Party B shall make overall decisions regarding the application area, defense,
    waiver of defense, reduction of the scope of the patent, application for division and correction of the patent and others.
	 	 	 
	 	7.3
    	If
    Party B decides to stop paying any of the annual fees for this patent, Party A can, at its own expense, ask Party B to continue to
    maintain the patent. However, if Party A refuses or delays the payment of the patent annual fee, Party B may still stop maintaining
    the patent.
	 	 	 
	 	7.4
    	If
    Party A intends to file a patent authorization registration with the competent authority, Party A shall be responsible for the registration
    procedures required for this patent authorization, and Party B shall provide necessary assistance, but Party A shall bear all the
    fees required for registration.

 

	8.	Intellectual
    property rights 
	 	 
	 	Both
    parties A and B understand and agree that this research and development results and this product are the results of Party B’s
    implementation of the Ministry of Economic Affairs’ scientific and technological development project, and the patent rights,
    copyrights, circuit layout rights and other intellectual property acquired by them belong to Party B. Party A shall not apply to
    any relevant authority for registration of patent rights, copyrights, circuit layout rights or other intellectual property rights.

 

    	-6-

     

    

 

		

 

	9.	Restrictions

 

	 	9.1	Without
    the prior written consent of Party B, Party A shall not use the same or similar names, badges, trademarks and other marks of Party
    B, Party B’s employees and all units of Party B.
	 	 	 
	 	9.2
    	Party
    A shall be responsible for requiring its employees, distributors and their agents to comply with the provisions of this article.
    If Party A’s employees, distributors or agents violate the provisions of this Article, it shall be deemed that Party A has
    violated the provisions of this agreement.

 

	10.
    	Tort
    Liability

 

	 	10.1
    	Party
    A agrees and acknowledges that it infringes the patent rights, copyrights, circuit layout rights, trade secrets or other intellectual
    property rights of third parties due to the use or modification of this research and development result or this product, or causes
    any damage to Party A or third parties At the time, except for the circumstances stipulated in the following paragraph, Party B does
    not need to bear any responsibilities, including liability for guarantees for defects.
	 	 	 
	 	10.2
    	When
    all of the following conditions are met, Party B shall, in accordance with Party A’s requirements, bear all costs (including
    attorney’s fees) and provide technical appraisal consulting services:

 

	 	(a).
    	The
    infringement in the preceding paragraph occurred during the validity period of this contract and was caused by a cause attributable
    to Party B;
	 	 	 
	 	(b).
    	The
    infringement in the preceding paragraph was not caused by Party A’s modification of this R&D achievement.

 

    	-7-

     

    

 

		

 

	 	(c).
    	The
    patent rights, copyrights, circuit layout rights, trade secrets, and other intellectual property rights infringed by the preceding
    paragraph have been acquired or protected in accordance with the laws of the Republic of China when the two parties entered into
    this contract.
	 	 	 
	 	(d).
    	When
    the preceding infringement occurs, Party A uses Party B to send the latest version of this research and development achievement.
	 	 	 
	 	(e).
    	Party
    A has delivered all relevant documents and articles to Party B in accordance with Party B’s requirements, and provided Party
    B with all necessary assistance.

 

	 	10.3
    	Party
    A shall, within three months from the date when the final judgment, mediation or settlement of this infringement is determined, and
    also enter into an authorization contract with the owner of the right to modify the research and development results or the product
    to make it incompatible. Infringement, or stop using this research and development results and this product. When Party A requests
    Party B to make amendments, it shall be agreed by both parties in another contract. Party A should stop using the infringing research
    and development results and this product before obtaining the authorization or completing the modification.

 

    	-8-

     

    

 

		

 

	11.
    	Guarantee
    clause

 

	 	11.1
    	The
    results of this research and development are delivered to Party A in the state when this contract is signed. Except as expressly
    stipulated in this contract, Party B shall not be liable for any guarantee, including not guaranteeing the suitability and commercialization
    of the research and development results.
	 	 	 
	 	11.2
    	Party
    B does not guarantee that the patent will not be revoked or extinguished, nor does it guarantee that the patent in the application
    will be certified or that it can be certified within the scope of the application.

 

	12.	Duty
    of confidentiality

 

	 	12.1
    	Party
    A shall take the care of good managers, properly keep the research and development results and other related materials it knows or
    holds due to this contract, and adopt appropriate confidentiality measures, and with the prior written consent of Party B, it shall
    not disclose or deliver any third party.
	 	 	 
	 	12.2
    	Party
    A shall be responsible for requiring its current and former employees to comply with the provisions of this article. If the aforementioned
    personnel violate the provisions of this Article, it shall be deemed that Party A has violated the provisions of this Article.

 

	13.	 Information
    update
	 	 
	 	Party
    B has the right to amend, improve and update this research and development results at any time, and there is no need to notify Party
    A of amendments, improvements or updates.

 

    	-9-

     

    

 

		

 

	14.
    	Transfer
    of rights and obligations
	 	 
	 	All
    rights and obligations of Party A in this contract shall not be transferred to any third party without the prior written consent
    of Party B.

 

	15.	 Contact
    management
	 	 
	 	The
    notice or request related to this contract shall be deemed to have been served on the party in writing to the following places. If
    either party’s address changes, it shall be notified to the other party in writing within 30 days to be effective:

 

Party
A’s Contact Person:Name: Limei Lin

Job
Title:Project Manager

Telephone:02-29997699#201

Address:2F-15,
No. 14, Ln. 609, Sec. 5, Chongxin Rd., Sanchong Dist., New Taipei City 241407, Taiwan

 

Party
B’s Contact Person:Name: Zirong Huang (Angela)

Job
Title:Product Manager

Telephone:03-5914615

Address:195,
Sec. 4, Chung Hsing Rd., Chutung, Hsinchu, Taiwan 310401, R.O.C.

 

	16.
    	Basic
    Information
	 	 
	 	When
    Party A signs and seals this contract according to the law, it fills in the “Basic Manufacturer Data Sheet” (see Appendix
    4) delivered by Party B and delivers it to Party B.

 

    	-10-

     

    

 

		

 

	17.
    	Break
    the contract

 

	 	17.1
    	When
    Party A fails to fulfill the stipulation in Article 6 or fails to fulfill the stipulation, in addition to making up the arrears,
    Party A shall also pay 5% of the annual interest rate and the number of days of delay (if less than one day is counted as one day)
    ) Calculate and pay the deferred interest to Party B.
	 	 	 
	 	17.2
    	If
    Party A fails to perform the stipulations in Article 9 and Article 14, or fails to perform according to the stipulations, Party A
    shall transfer the benefits gained from this contract and the benefits gained from violation of Article 9 or Article 14 to Party
    B. Think of punitive liquidated damages. Party B may also terminate this contract with another written notice.
	 	 	 
	 	17.3
    	If
    Party A fails to fulfill the stipulations in Article 12 or does not comply with the stipulations, Party A shall pay Party B a punitive
    penalty of two hundred and fifty thousand yuan, and Party B may terminate this contract with another written notice.
	 	 	 
	 	17.4
    	If
    either party fails to perform the other clauses of this contract or fails to perform according to each of the agreements, the party
    that is not at fault can notify the other party in writing to make corrections within ten days. If the correction is not made within
    the time limit, the party without fault may terminate this contract with another written notice.

 

    	-11-

     

    

 

		

 

	 	17.5
    	When
    Party A delays payment of any kind of payment to Party B for more than ten days, Party B may terminate this contract with written
    notice.

 

	18.
    	Termination

 

	 	18.1
    	After
    the termination or cancellation of this contract, the party that has not breached the contract may not only exercise its rights in
    accordance with the contract and relevant laws and regulations, but also request compensation from the other party for the damage
    suffered.
	 	 	 
	 	18.2
    	Party
    B’s liability for damages in accordance with this contract is limited to Party A’s direct damages (including the direct
    damages caused by Party A’s customers’ claims against Party A, and the damages are solely due to Party B’s cause
    Cause), including but not limited to Party A’s related legal expenses or attorney fees. However, the full scope of liability
    that Party B shall bear in accordance with this article, this contract and related laws and regulations, regardless of whether this
    contract is terminated, cancelled or expired, shall be subject to the total amount of authorization fees actually received by Party
    B from Party A as the upper limit. And those who are exempted in accordance with the agreement shall still be exempted.
	 	 	 
	 	18.3
    	Upon
    termination, cancellation or expiration of this contract, Party A shall immediately stop exercising its rights to the proceeds of
    this research and development, and shall immediately return the research and development results and their photocopies and manuscripts
    to Party B or destroy them by themselves.

 

    	-12-

     

    

 

		

 

	19.
    	Tax
    Burden
	 	 
	 	The
    business tax arising from the performance of this contract shall be borne by Party A, the stamp duty shall be borne by each party,
    and other taxes shall be borne by the party incurred.

 

	20.
    	Contract
    modification
	 	 
	 	Additions,
    deletions or amendments to this contract are not effective unless the parties have reached a written agreement

 

	21.
    	Effective
    period and effective date

 

	 	21.1
    	This
    contract will be effective from the date set out on the bottom page after both parties have signed and sealed in accordance with
    the law. Except as otherwise provided in this contract or the law, neither party may terminate this contract arbitrarily without
    the written consent of both parties.
	 	 	 
	 	21.2
    	The
    rights and obligations of both parties in the following clauses of this contract shall not be extinguished due to the expiration,
    termination or cancellation of the contract period: Article 7, Article 8, Article 10, Article 11, Article 12, Article 18. , Article
    24 and this item.

 

	22.
    	Force
    Majeure
	 	 
	 	If
    a party is unable to perform this contract or cannot perform according to this contract due to floods, fires, wind disasters, earthquakes
    or other reasons not attributable to it, the party shall be exempt from payment obligations or not liable for delays.

 

    	-13-

     

    

 

		

 

	23.
    	One
    is invalid When some clauses of this contract are deemed invalid in accordance with the law, other clauses shall continue to be valid.
	 	 
	24.
    	Governing
    law and consensual jurisdiction

 

	 	24.1
    	For
    matters not covered in this contract, both parties agree to comply with the laws of the Republic of China and relevant government
    laws and regulations.
	 	 	 
	 	24.2
    	In
    the event of litigation due to this contract, both parties hereby agree that the Taipei District Court shall be the court of first
    instance jurisdiction.

 

	25.
    	Complete
    consensus

 

	 	25.1
    	The
    text of this contract and its attachments constitute the complete agreement of both parties on this case. Any matter that has been
    agreed by both parties before this contract takes effect but is not recorded in the text of this contract or its appendixes shall
    not be binding on both parties.

 

    	-14-

     

    

 

		

 

	 	25.2
    	The
    effect of the attachment is the same as the text of this contract, but in case of conflict between the two, the text of this contract
    shall prevail.

 

	26.	Principle
    of good faith
	 	 
	 	For
    matters not covered in this contract, the two parties shall resolve each other through mutual agreement in this principle of good
    faith.

 

	27.
    	Contract
    copies
	 	 
	 	The
    original contract is in two copies, and Party A and Party B each hold one copy as proof.

 

    	-15-

     

    

 

		

 

	Authorized
    representative of the Parties:
	 
	Party
    A:Sole-Vision Technologies, Inc.
	 	Representative:	 
	 	Name:	Xiao
    Yinghang
	 	Job
    Title:	President
	 	Address:	2F-15,
    No. 14, Ln. 609, Sec. 5,
    Chongxin Rd., Sanchong Dist., New Taipei City 241407, Taiwan
	 	VAT
    Number:	70378560
	 	 	 
	Party
    B:Industrial Technology Research Institute (ITRI)
	 	Representative:	 
	 	Name:	Xu
    Juemin
	 	Job
    Title:	President
	 	Address:	195,
    Sec. 4, Chung Hsing Rd., Chutung, Hsinchu, Taiwan 310401, R.O.C.
	 	VAT
    Number:	02750963
	 	Service
    Line:	0800-458899
	 	 	 
	Date:
     September, 2013

 

    	-16-

     

    

 

		

 

Appendix
1::「Technical Information」Table

 

Detail
information of Cloud Surveillance Management Platform

 

	Cloud
    Surveillance Management Platform Specification
	Functions	 	Description
	File
    System Monitoring	 	●
                                            Illustrate the percentage use for the system

                                                          

	Physical
    Hard Drive Monitoring	 	●
                                            Illustrate physical hard disk status on the storage server ( includes: Healthy, Failure,
                                            Unknown)

                                                          

	Server
                                            and virtual machine monitoring

     
	 	●
                                            Graphically display the system status of computing nodes, storage servers, and operating
                                            virtual machines which including:

     

    ■
    Average workload in past 1 minute (please refer to the Linux system definition).

    ■
    Average workload in past 5 minute (please refer to the Linux system definition).

    ■
    Average workload in past 15 minute (please refer to the Linux system definition).

    ■
    Network interface transfer per second.

    ■
    Storage sever file system IOPS (excluding computing nodes and virtual machines). Memory usage including (swap, buffer, cache, free)

     

	File
    System Load	 	●
                                            After the virtual machine power on, the file system is automatically mounted in “/storage”

                                                          

	Virtual
    machine root image file1 (Root Image)	 	●
                                            Built-in a set of 2GB virtual machine root image files, and the specifications are as following:

    ■
    Ubuntu 12.04 Server

    ■
    Built-in SSH Server

    ■
    Built-in VLC

    The
    default user and password are specified by Party A when signing the contract.

     

	Create
    a virtual machine	 	●
                                            Create a virtual machine (root image file can be specified)

    

  

 

 

1
Root Image refers to the original file used to create a virtual machine. All newly created virtual machines will have the same
specifications as the virtual machine described in the root image. After the virtual machine is started, the user can log in to the virtual
machine Perform the required software installation and settings. The installed software and settings will still be valid after closing
and restarting the virtual machine.

 

    	-17-

     

    

 

		

 

	Start
                                            the virtual machine

    (Virtual
    machine boot)
	 	●
                                            Power on the the specified virtual machine (user can specify the virtual memory size and
                                            the number of virtual CPUs)

    ■
    The upper limit of the virtual CPU of a single virtual machine is 4.

    The
    maximum virtual memory size of a single virtual machine is 8GB

     

	Virtual
    machine list	 	●
                                            Illustrate all the operating virtual server IP address and status (including Running, Stopped,
                                            Unknown).

                                                          

	Shut
                                            down the virtual machine

                                                          
	 	●
    Shut down the specified virtual server (can be restarted again)
	Remove
    virtual machine	 	●
                                            Delete the specified virtual server (will not be able to start again)

                                                          

	Authorization2	 	●
                                            The scope of software system license as following:

    ■
    The software system is bound and built into the delivered hardware system which cannot be used for other purposes2.

    ■
    The software system is bound and built into the delivered hardware system, and cannot be used for other purposes3.

    ■
    Number of computing nodes that can be monitored and managed by the software system: 2 (The specifications of computing nodes are
    as specified in item 2 of the delivered hardware specification table).

    ■
    Number of storage servers that can be monitored and managed by the software system: 2 (Storage server specifications such as delivery
    hardware specification table item 3).

    ■
    Number of file systems that can be monitored and managed by the software system: 1.

    ■
    File system size that can be monitored and managed by the software system: 17TB.

    ■
    Number of root image files supported by the software system: 2.

    ■
    The total number of non-operating and operating virtual machines that can be created and managed by the software system: 20.

    ■
    Number of virtual machines in operation that can be monitored and managed by the software system: 10.

    ■
    Number of virtual CPUs that can be monitored and managed by the software system: 20.

    ■
    The size of virtual memory that can be monitored and managed by the software system: 80GB.

 

 

2
The license can be expanded in another case in the future.

3
This is not the case if you sign an expansion or joint development project with Party B on the original system in the future.

 

    	-18-

     

    

 

		

 

Appendix
2: Detail table of this patent

 

Patent
Name : SYSTEM AND METHOD FOR PROVIDING AND TRANSMITTING CONDENSED STREAMING CONTENT

 

Application
number: 100149124 (Republic of China, Taiwan)

 

    	-19-

     

    

 

		

 

Appendix
3:The content of technical service of this project

 

	1.	Project
    Name:Verification service for cloud video monitoring management platform
	 	 
	2.	Schedule:From
    the date of signing and ending on January 27, 2013.
	 	 
	3.	Project
    Content:

 

	(A)	 Delivery
    Items

 

	Item	 	Date	 	Delivery Content
	Cloud video monitoring hardware platform	 	2013/12/15	 	A set of hardware system for cloud video monitoring and management platform 
	 	 	 	●	For specifications, please refer to the hardware specifications list of the cloud video monitoring and management platform in appendix 3
	 	 	 	 	 
	 	 	 	Acceptance criteria:
	 	 	 	 	 
	 	 	 	●	The hardware is built in the site designated by Party B, and both parties shall check and accept one by one according to the hardware specification list of the cloud video monitoring and management platform in Annex 1.
	 	 	 	 	 	 
	Cloud video monitoring management platform & software system documents 	 	2014/1/27	 	Install one set of cloud video monitoring management platform software (see appendix 1).

                                                 

	 	 	 	●	For specifications, please refer to Appendix 1 for a detailed list of software specifications of the cloud video monitoring and management platform.

                                     

	 	 	 	●	The delivered software system only covers executable files, excludes source code, and directly installed in the hardware of the cloud video monitoring management platform which list in in Appendix III.

                                     

	 	 	 	 	No installation program is provided, and Party A is not allowed to copy and use it by itself.

 

    	-20-

     

    

 

		

 

	 	 	 	 	A
                                            software system operation manual, including:

     

    ●
    Basic system function operation

    ●
    Basic troubleshooting

     

    Acceptance
    criteria:

     

    ●
    Before acceptance, Party B shall be responsible for transporting the hardware and software equipment to Sole-Vision Technologies,
    Inc. (refer to Appendix 4 for the address), and assign engineers to do the set up for detail settings.

    ●
    For the acceptance steps, please refer to Appendix III (B) Acceptance Criteria.

    ●
    After acceptance, There will have a 2-hour system operation training course will be held in Sole-Vision Technologies, Inc. (refer
    to Appendix 4 for the address).

 

The
hardware specification list of Cloud video monitoring management platform

 

	Item	 	Name	 	quantity/unit	 	Specification
	1	 	Cabinet	 	1
    unit	 	●
                                            19”instrument combination rack (41U cabinet)

    ●
    Front and rear mesh doors

    ●
    Detachable side panels

    ●
    2 sets of bracket + support plate

     

	2	 	Compute
    node 	 	1
    unit	 	●
                                            Each host contains 2 computing nodes, and the specifications of each node as following

    ■
    Intel Xeon E5-2620 2.0GHz/15M/8.00GT/sec 6核心 (x2)

    ■
    64GB (16GB *4) DDR3-1600 ECC/REG RAM

    ■
    240GB SATA3 SSD

     

	3	 	Storage
    Node 	 	2
    units	 	●
                                            Intel Xeon E5-2620 2.0GHz/15M/8.00GT/sec (x2)

    ●
    32GB (8GB *4) DDR3-1600 ECC/REG RAM

    ●
    LSI 16Port Raid card

    ●
    750W RSPS POWER supply (include 2nd backup unit)

    ●
    2TB 7200RPM 3.5” SATA3 Enterprise level (x12)

     

	4	 	Switch	 	1
    unit	 	●
    Cisco Catalyst 2960s 48

 

    	-21-

     

    

 

		

 

	5	 	Manage
    host and screen	 	1
    unit	 	●
                                            24 inch LED monitor

    ●
    Management host, spec as following

    ■
    Intel i7 CPU

    ■
    Memory size: 8GB

    ■
    500GB SATA Hard Drive

    ■
    1Gbps network card

    ■
    wireless key board & mouse

 

	(B)	Acceptance
    criteria:

 

	●	Party
    B’s engineers shall build a performance acceptance auxiliary platform in advance, and perform performance acceptance of the
    delivered software platform and hardware system within Party B.
	 	 
	●	The
    specifications of the acceptance auxiliary platform are as follows:

 

	Item	 	Name	 	Quantity	 	Specification
	1	 	iPUX
    2330 IPCAM	 	15	 	●
                                            Encoding: MotionJPEG

    ●
    Resolution: VGA

    ●
    Frame rate: 3 fps

    ●
    Video quality: Normal

     

	2	 	Server	 	1	 	●
                                            Intel i7 CPU 4 cores

    ●
    8GB Memory

    ●
    1Gbps NIC

    ●
    500 GB for hard Drive

     

	3	 	D-Link
    Switch	 	1	 	●
    24-Port Gigabit Switch

 

	●	The
    acceptance steps are as follows:

 

	 	■	Run
    15 VLC server programs on the acceptance platform, access the above-mentioned IPCAM (iPUX 2330 IPCAM x 15) to get video content,
    and provide remote VLC Client connection to do the video transmission.
	 	 	 
	 	■	Create
5~10 virtual machines on the software platform and hardware system delivered in this project, and run a total of 200 VLC Client programs
on the virtual machines to connect to the VLC Server on the platform, capture video streaming content and perform full Time recording,
the recording file is divided and stored in units of five minutes.

 

    	-22-

     

    

 

		

 

	 	■	The
    performance acceptance is carried out for 3 days. After 3 days, 20 video files recorded during the performance acceptance period
    are randomly downloaded from the virtual machine by FTP transmission and played with the VLC player to check their correctness.
	 	 	 
	 	■	The
    correctness of a video file means that its image encoding specifications must conform to the image specifications provided by the
    auxiliary platform. However, due to the characteristics of video encoding and network transmission packet loss, if the recorded video
    content is broken due to network transmission loss and other irresistible factors, it is still within the normal range.

 

	●	Cooperating
    with manufacturers:

 

	 	■	Party
    A shall provide the hardware equipment required by the acceptance platform within 3 months after signing the contract. Party B shall
    assist in the establishment of the acceptance auxiliary platform. The acceptance platform shall be owned by Party A after the acceptance,
    and the acceptance platform shall be subject to acceptance. Once completed, it will not be covered by the warranty.
	 	 	 
	 	■	If
    Party A fails to provide the hardware equipment required by the acceptance platform as scheduled, Party B shall prepare the hardware
    equipment to build the acceptance platform, and the acceptance auxiliary platform shall belong to Party B after the acceptance is
    completed, and Party B shall remove it after the acceptance.

 

	(C)	System
    warranty:

 

	●	Software
    warranty for 1 year (the performance acceptance assistant platform is not included in the warranty)

 

	 	■	The
    warranty is mainly based on the remote VPN login method for maintenance, and the remote login channel is provided by Party A.
	 	 	 
	 	■	If
    the site must be repaired due to force majeure, the location is only Sole-Vision Technologies, Inc. (refer to Appendix 4 for the
    address). If repairs are required to other locations, travel and personnel expenses will be charged.

 

	●	The
    hardware system warranty in this case is provided by the original hardware manufacturer, and the right to the warranty is transferred
    from Party B to Party A when the system is delivered.
	 	 
	●	If
    the user does not use the “cloud video monitoring management platform software” authorized by this case to control and
    configure the system, but uses other methods or software to log-in to the computing server, storage server or management host to
    operate, or to modify the hardware equipment by himself, The system warranty disappears.

 

    	-23-

     

    

 

		

  

	Appendix
    4:Manufacturer’s Basic Information Sheet 	Date:Dec.
    5th, 2012

  

	Company
    Name	Chinese
    	松華國際股份有限公司
	English	Sole-Vision
    Technologies, Inc.
	Company
    address	2F-15,
    No. 14, Ln. 609, Sec. 5,
    Chongxin Rd., Sanchong Dist., New Taipei City 241407, Taiwan
	Established
    Date	July,
    1999 
	Factory
    Address	 
	Invoice
    Address	2F-15,
    No. 14, Ln. 609, Sec. 5,
    Chongxin Rd., Sanchong Dist., New Taipei City 241407, Taiwan
	VAT
    number	70378560	President	蕭英航
	Capital
                                            to 2011

    (Thousands
    of New Taiwan Dollars)
	60,000	General
    Manager	范景皓
	Turnover
                                            in 2011

    (Thousands
    of New Taiwan Dollars)
	71,765	Number
    of employees	15
	Main
    Product	Security
    monitoring system and equipment	sales
    regions	Taiwan、USA、China、Singapore、Malaysia、Mexico
	Annual
                                            R&D expenditure

    (Thousands
    of New Taiwan Dollars)
	50,000	Development
    Engineers	5
	Contact
    person	Name	林麗梅	Telephone	02-29997699#201
	Job
    Title	Project
    Manager	Fax
    	02-29997808
	Contact
    address	2F-15,
    No. 14, Ln. 609, Sec. 5,
    Chongxin Rd., Sanchong Dist., New Taipei City 241407, Taiwan

 

    	-24-Exhibit
4.1

 

WARRANT
AGREEMENT

AROGO
CAPITAL ACQUISITION CORP.

and

CONTINENTAL
STOCK TRANSFER & TRUST COMPANY

 

This
Warrant Agreement (this “Agreement”), is made as of December 23, 2021, between Arogo Capital Acquisition Corp.,
a Delaware corporation (the “Company”), and Continental Stock Transfer & Trust Company, a limited purpose
trust company, as warrant agent (in such capacity, the “Warrant Agent”).

 

WHEREAS,
the Company is engaged in an initial public offering (the “Public Offering”) of units of the Company’s
equity securities, each such unit comprised of one share of Class A common stock of the Company, par value $0.0001 per share (“Common
Stock”), and one redeemable Public Warrant (as defined below) (the “Public Units”) and, in connection
therewith, has determined to issue and deliver up to 9,000,000 warrants (or up to 10,350,000 warrants if the Over-allotment Option (as
defined below) is exercised in full) to public investors in the Offering (the “Public Warrants”). Each whole
Warrant entitles the holder thereof to purchase one share of Common Stock for $11.50 per share, subject to adjustment as described herein;
and

 

WHEREAS,
on December 23, 2021, the Company entered into that certain Placement Unit Purchase Agreement with Koo Dom Investment LLC, a Delaware
limited liability company (the “Sponsor”), pursuant to which the Sponsor agreed to purchase an aggregate of
422,275 private placement units (or up to 466,150 private placement units if the underwriters in the Offering exercise their Over-allotment
Option in full) simultaneously with the closing of the Offering (and the closing the Over-allotment Option, if applicable) (the “Private
Placement Units” and, together with the Public Units, the “Units”) at a purchase price of $10.00
per Unit, and, in connection therewith, will issue and deliver up to an aggregate of 422,275 warrants (or up to 466,150 warrants if the
Over-allotment Option is exercised in full) underlying such Private Placement Units bearing the legend set forth in Exhibit B hereto
(“Private Placement Warrants”); and

 

WHEREAS,
in order to finance the Company’s transaction costs in connection with an intended initial Business Combination (as defined below),
the Sponsor or an affiliate of the Sponsor or certain of the Company’s executive officers and directors may, but are not obligated
to, loan to the Company funds as the Company may require, of which up to $1,500,000 of such loans may be convertible into up to an additional
150,000 Units at a price of $10.00 per Unit, and, in connection therewith, will issue and deliver up to an aggregate of 150,000 warrants
(the “Working Capital Warrants”); and

 

WHEREAS,
in order to extend the period of time the Company has to consummate a Business Combination (defined below) as described in the Prospectus
(defined below), the Sponsor or its affiliates or designees may, but are not obligated to, loan the Company funds as the Company may
require to extend the period in which the Company must complete its initial business combination twice, for an additional three months
each time, up to 21 months, for each three month extension $900,000, or $1,035,000 if the underwriters’ over-allotment option is
exercised in full ($0.10 per unit in either case), of which up to $1,800,000, or $2,070,000 if the underwriters’ over-allotment
option is exercised in full, of such loans may be convertible into up to an additional 180,000 units, or 207,000 units if underwriters’
over-allotment option is exercised in full, at a price of $10.00 per unit, and, in connection therewith, will issue and deliver up to
an aggregate of 180,000 warrants, or 207,000 warrants underwriters’ over-allotment option is exercised in full, (the “Extension
Warrants”); and

 

WHEREAS,
following consummation of the Offering, the Company may issue additional warrants (“Post IPO Warrants,” and,
together with the Private Placement Warrants, the Working Capital Warrants, the Extension Warrants and the Public Warrants, the “Warrants”)
in connection with, or following the consummation by the Company of, a Business Combination (defined below); and

 

WHEREAS,
the Company has filed with the Securities and Exchange Commission (the “Commission”) a registration statement
on Form S-1, File No. 333-259338 (the “Registration Statement”) and prospectus (the “Prospectus”),
for the registration, under the Securities Act of 1933, as amended (the “Securities Act”), of the Public Units,
and the Public Warrants and the Common Stock included in the Public Units; and

 

     

     

    

 

WHEREAS,
the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with
the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

 

WHEREAS,
the Company desires to provide for the form and provisions of the Warrants, the terms upon which they shall be issued and exercised,
and the respective rights, limitation of rights, and immunities of the Company, the Warrant Agent, and the holders of the Warrants; and

 

WHEREAS,
all acts and things have been done and performed which are necessary to make the Warrants, when executed on behalf of the Company and
countersigned by or on behalf of the Warrant Agent (if a physical certificate is issued), as provided herein, the valid, binding and
legal obligations of the Company, and to authorize the execution and delivery of this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual agreements herein contained, the parties hereto agree as follows:

 

1.
Appointment of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company for the Warrants,
and the Warrant Agent hereby accepts such appointment and agrees to perform the same in accordance with the terms and conditions set
forth in this Agreement.

 

2.
Warrants.

 

2.1
Form of Warrant. Each Warrant shall be issued in registered form only, shall be in substantially the form of Exhibit A hereto,
the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chairman of the Board
of Directors or Chief Executive Officer and the Chief Financial Officer, Treasurer, Secretary or Assistant Secretary of the Company and
shall bear a facsimile of the Company's seal. In the event the person whose facsimile signature has been placed upon any Warrant shall
have ceased to serve in the capacity in which such person signed the Warrant before such Warrant is issued, it may be issued with the
same effect as if he or she had not ceased to be such at the date of issuance.

 

2.2
Uncertificated Warrants. Notwithstanding anything herein to the contrary, any Warrant, or portion thereof, may be issued as part
of, and be represented by, a Unit, and any Warrant may be issued in uncertificated or book-entry form through the Warrant Agent and/or
the facilities of The Depository Trust Company or other book-entry depositary system, in each case as determined by the Board of Directors
of the Company or by an authorized committee thereof. Any Warrant so issued shall have the same terms, force and effect as a certificated
Warrant that has been duly countersigned by the Warrant Agent in accordance with the terms of this Agreement.

 

2.3
Effect of Countersignature. If a physical certificate is issued, unless and until countersigned by the Warrant Agent pursuant
to this Agreement, a Warrant represented by such physical certificate shall be invalid and of no effect and may not be exercised by the
holder thereof.

 

2.4
Registration.

 

2.4.1
Warrant Register. The Warrant Agent shall maintain books (the “Warrant Register”), for the registration
of original issuance and the registration of transfer of the Warrants. Upon the initial issuance of the Warrants in book entry form,
the Warrant Agent shall issue and register the Warrants in the names of the respective holders thereof in such denominations and otherwise
in accordance with instructions delivered to the Warrant Agent by the Company. Ownership of beneficial interests in the Public Warrants
shall be shown on, and the transfer of such ownership shall be effected through, records maintained by institutions that have accounts
with the Depository Trust Company (the “Depositary”) (such institution, with respect to a Warrant in its account,
a “Participant”).

 

     

     

    

 

If
the Depositary subsequently ceases to make its book-entry settlement system available for the Public Warrants, the Company may instruct
the Warrant Agent regarding making other arrangements for book-entry settlement. In the event that the Public Warrants are not eligible
for, or it is no longer necessary to have the Public Warrants available in, book-entry form, the Warrant Agent shall provide written
instructions to the Depositary to deliver to the Warrant Agent for cancellation each book-entry Public Warrant, and the Company shall
instruct the Warrant Agent to deliver to the Depositary definitive certificates in physical form evidencing such Warrants which shall
be in the form annexed hereto as Exhibit A.

 

Physical
certificates, if issued, shall be signed by, or bear the facsimile signature of, the Chairman of the Board, Chief Executive Officer,
Chief Financial Officer, Secretary or other principal officer of the Company. In the event the person whose facsimile signature has been
placed upon any Warrant shall have ceased to serve in the capacity in which such person signed the Warrant before such Warrant is issued,
it may be issued with the same effect as if he or she had not ceased to be such at the date of issuance.

 

2.4.2
Registered Holder. Prior to due presentment for registration of transfer of any Warrant, the Company and the Warrant Agent may
deem and treat the person in whose name such Warrant is registered in the Warrant Register (the “Registered Holder”)
as the absolute owner of such Warrant and of each Warrant represented thereby (notwithstanding any notation of ownership or other writing
on any physical certificate made by anyone other than the Company or the Warrant Agent), for the purpose of any exercise thereof, and
for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary.

 

2.5
Detachability of Warrants. The Common Stock and the Public Warrants comprising the Public Units shall begin separate trading on
the 52nd day following the date of the Prospectus or, if such 52nd day is not on a day, other than a Saturday, Sunday or federal holiday,
on which banks in New York City are generally open for normal business (a “Business Day”), then on the immediately
succeeding Business Day following such date, or earlier (the “Detachment Date”) with the consent of EF Hutton,
division of Benchmark Investments, LLC, (“EF Hutton”), as the representative of the several underwriters for
the Offering, but in no event shall the Common Stock and the Public Warrants comprising the Public Units be separately traded until (A)
the Company has filed a current report on Form 8-K with the Commission containing an audited balance sheet reflecting the receipt by
the Company of the gross proceeds of the Offering, including the proceeds received by the Company from the exercise by the underwriters
of their right to purchase additional Public Units in the Offering (the “Over-allotment Option”), if the Over-allotment
Option is exercised prior to the filing of the Form 8-K, and (B) the Company issues a press release and files with the Commission a current
report on Form 8-K announcing when such separate trading shall begin. If the Over-allotment Option is exercised following the filing
of a current report on Form 8-K pursuant to (A) above, a second or amended current report on Form 8-K will be filed to provide updated
financial information to reflect the exercise of the Over-allotment Option.

 

2.6
Fractional Warrants. The Company shall not issue fractional Warrants. If, upon the detachment of Public Warrants from Public Units
or otherwise, a holder of Warrants would be entitled to receive a fractional Warrant, the Company shall round down to the nearest whole
number the number of Warrants to be issued to such holder.

 

2.7
Private Placement Warrants, Working Capital Warrants, and Extension Warrants Attributes. The Private Placement Warrants, Working
Capital Warrants, and Extension Warrants will be issued in the same form as the Public Warrants.

 

2.8
Post IPO Warrants. The Post IPO Warrants, when and if issued, shall have the same terms and be in the same form as the Public
Warrants except as may be agreed upon by the Company.

 

     

     

    

 

3.
Terms and Exercise of Warrants.

 

3.1
Warrant Price. Each Warrant shall, when countersigned by the Warrant Agent (if a physical certificate is issued), entitle the
Registered Holder thereof, subject to the provisions of such Warrant and of this Agreement, to purchase from the Company the number of
shares of Common Stock stated therein, at the price of $11.50 per share, subject to the adjustments provided in Section 4 hereof and
in the last sentence of this Section 3.1. The term “Warrant Price” as used in this Agreement shall mean the
price per share at which shares of Common Stock may be purchased at the time a Warrant is exercised. The Company in its sole discretion
may lower the Warrant Price at any time prior to the Expiration Date (as defined below) for a period of not less than twenty (20) Business
Days, provided, that the Company shall provide at least twenty (20) days prior written notice of such reduction to Registered Holders
of the Warrants and, provided further that any such reduction shall be applied consistently to all of the Warrants.

 

3.2
Duration of Warrants. A Warrant may be exercised only during the period (the “Exercise Period”) commencing
on the later of: (i) the date that is thirty (30) days from the date on which the Company completes a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or similar business combination, involving the Company and one or more businesses (a
“Business Combination”), and (ii) the date that is twelve (12) months from the date of the closing of the Offering,
and terminating at 5:00 p.m., New York City time on the earlier to occur of: (w) the date that is five (5) years after the date on which
the Company completes its Business Combination, (x) the liquidation of the Company in accordance with the Company’s amended and
restated certificate of incorporation, as amended from time to time, if the Company fails to complete a Business Combination, or (y)
the Redemption Date (as defined below) as provided in Section 6.2 hereof (the “Expiration Date”); provided,
however, that the exercise of any Warrant shall be subject to the satisfaction of any applicable conditions, as set forth in subsection
3.3.2 below with respect to an effective registration statement. Except with respect to the right to receive the Redemption Price
(as defined below), in the event of a redemption (as set forth in Section 6 hereof), each outstanding Warrant not exercised on or before
the Expiration Date shall become void, and all rights thereunder and all rights in respect thereof under this Agreement shall cease at
5:00 p.m. New York City time on the Expiration Date. The Company in its sole discretion may extend the duration of the Warrants by delaying
the Expiration Date; provided, that the Company shall provide at least twenty (20) days prior written notice of any such extension to
Registered Holders of the Warrants and, provided further that any such extension shall be applied consistently to all of the Warrants.

 

3.3
Exercise of Warrants.

 

3.3.1
Payment. Subject to the provisions of the Warrant and this Agreement, a Warrant may be exercised by the Registered Holder thereof
by delivering to the Warrant Agent at its corporate trust department (i) the Definitive Warrant Certificate evidencing the Warrants to
be exercised, or, in the case of a Warrant represented by a book-entry, the Warrants to be exercised (the “Book-Entry Warrants”)
on the records of the Depositary to an account of the Warrant Agent at the Depositary designated for such purposes in writing by the
Warrant Agent to the Depositary from time to time, (ii) an election to purchase (“Election to Purchase”) any
Common Stock pursuant to the exercise of a Warrant, properly completed and executed by the Registered Holder on the reverse of the Definitive
Warrant Certificate or, in the case of a Book-Entry Warrant, properly delivered by the Participant in accordance with the Depositary’s
procedures, and (iii) the payment in full of the Warrant Price for each share of Common Stock as to which the Warrant is exercised and
any and all applicable taxes due in connection with the exercise of the Warrant, the exchange of the Warrant for the Common Stock and
the issuance of such Common Stock , as follows:

 

(a)
in lawful money of the United States, in good certified check or good bank draft payable to the order of the Warrant Agent;

 

(b)
in the event of a redemption pursuant to Section 6 hereof in which the Company’s board of directors (the “Board”)
has elected to require all holders of the Warrants to exercise such Warrants on a “cashless basis,” by surrendering the Warrants
for that number of Common Stock equal to the quotient obtained by dividing (x) the product of the number of Common Stock underlying the
Warrants, multiplied by the excess of the “Fair Market Value”, as defined in this subsection 3.3.1(b), over the Warrant
Price by (y) the Fair Market Value. Solely for purposes of this subsection 3.3.1(b) and Section 6.2, the “Fair
Market Value” shall mean the average last reported sale price of the Common Stock for the ten (10) trading days ending
on the third trading day prior to the date on which the notice of redemption is sent to the holders of the Warrants, pursuant to Section
6 hereof; or

 

     

     

    

 

(c)
as provided in Section 7.4 hereof.

 

3.3.2
Issuance of Shares of Common Stock on Exercise. As soon as practicable after the exercise of any Warrant and the clearance of
the funds in payment of the Warrant Price (if payment is pursuant to subsection 3.3.1(a)), the Company shall issue to the Registered
Holder of such Warrant a book-entry position or certificate, as applicable, for the number of full shares of Common Stock to which he,
she or it is entitled, registered in such name or names as may be directed by him, her or it, and if such Warrant shall not have been
exercised in full, a new book-entry position or countersigned Warrant, as applicable, for the number of shares of Common Stock as to
which such Warrant shall not have been exercised. Notwithstanding the foregoing, in no event will the Company be required to net cash
settle the Warrant exercise. No Warrant shall be exercisable for cash and the Company shall not be obligated to deliver any shares of
Common Stock pursuant to the exercise of a Warrant and shall have no obligation to settle such Warrant exercise unless a registration
statement under the Securities Act with respect to the shares of Common Stock underlying the Public Warrants is then effective and a
prospectus relating thereto is current, subject to the Company’s satisfying its obligations under Section 7.4. No Warrant
shall be exercisable and the Company shall not be obligated to issue shares of Common Stock upon exercise of a Warrant unless the Common
Stock issuable upon such Warrant exercise has been registered, qualified or deemed to be exempt from registration or qualification under
the securities laws of the state of residence of the Registered Holder of the Warrants. In the event that the conditions in the two immediately
preceding sentences are not satisfied with respect to a Warrant, the holder of such Warrant shall not be entitled to exercise such Warrant
and such Warrant may have no value and expire worthless, in which case the purchaser of a Unit containing such Public Warrants shall
have paid the full purchase price for the Unit solely for the shares of Common Stock underlying such Unit. The Company may require holders
of Public Warrants to settle the Warrant on a “cashless basis” pursuant to Section 7.4. If, by reason of any exercise
of warrants on a “cashless basis”, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive
a fractional interest in a share of Common Stock, the Company shall round down to the nearest whole number, the number of shares of Common
Stock to be issued to such holder.

 

3.3.3
Valid Issuance. All shares of Common Stock issued upon the proper exercise of a Warrant in conformity with this Agreement shall
be validly issued, fully paid and non-assessable.

 

3.3.4
Date of Issuance. Each person in whose name any book-entry position or certificate, as applicable, for shares of Common Stock
is issued shall for all purposes be deemed to have become the holder of record of such shares of Common Stock on the date on which the
Warrant, or book-entry position representing such Warrant, was surrendered and payment of the Warrant Price was made, irrespective of
the date of delivery of such certificate in the case of a certificated Warrant, except that, if the date of such surrender and payment
is a date when the share transfer books of the Company or book-entry system of the Warrant Agent are closed, such person shall be deemed
to have become the holder of such shares of Common Stock at the close of business on the next succeeding date on which the share transfer
books or book-entry system are open.

 

     

     

    

  

3.3.5
Maximum Percentage. A holder of a Warrant may notify the Company in writing in the event it elects to be subject to the provisions
contained in this subsection 3.3.5; however, no holder of a Warrant shall be subject to this subsection 3.3.5 unless he,
she or it makes such election. If the election is made by a holder, the Warrant Agent shall not effect the exercise of the holder’s
Warrant, and such holder shall not have the right to exercise such Warrant, to the extent that after giving effect to such exercise,
such person and any of its affiliates or any other person subject to aggregation with such person for purposes of the “beneficial
ownership” test under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
or any “group” (within the meaning of Section 13 of the Exchange Act) of which such person is or may be deemed to be a part,
would beneficially own (within the meaning of Section 13 of the Exchange Act) (or to the extent that for any reason the equivalent calculation
under Section 16 of the Exchange Act and the rules and regulations thereunder would result in a higher ownership percentage, such higher
percentage would be) in excess of 4.9% or 9.8% (as specified by the holder) (the “Maximum Percentage”) of the
shares of Common Stock outstanding immediately after giving effect to such exercise. For purposes of the foregoing sentence, the aggregate
number of shares of Common Stock beneficially owned by such person and its affiliates or any such other person or group shall include
the number of shares of Common Stock issuable upon exercise of the Warrant with respect to which the determination of such sentence is
being made, but shall exclude shares of Common Stock that would be issuable upon (x) exercise of the remaining, unexercised portion of
the Warrant beneficially owned by such person and its affiliates and (y) exercise or conversion of the unexercised or unconverted portion
of any other securities of the Company beneficially owned by such person and its affiliates (including, without limitation, any convertible
notes or convertible preferred stock or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained
herein. Except as set forth in the preceding sentence, for purposes of this paragraph, beneficial ownership shall be calculated in accordance
with Section 13(d) of the Exchange Act. For purposes of the Warrant, in determining the number of outstanding shares of Common Stock,
the holder may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company’s most recent annual report
on Form 10-K, quarterly report on Form 10-Q, current report on Form 8-K or other public filing with the Commission as the case may be,
(2) a more recent public announcement by the Company or (3) any other notice by the Company or the Transfer Agent setting forth the number
of shares of Common Stock outstanding. For any reason at any time, upon the written request of the holder of the Warrant, the Company
shall, within two (2) Business Days, confirm orally and in writing to such holder the number of shares of Common Stock then outstanding.
In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of
equity securities of the Company by the holder and its affiliates since the date as of which such number of outstanding shares of Common
Stock was reported. By written notice to the Company, the holder of a Warrant may from time to time increase or decrease the Maximum
Percentage applicable to such holder to any other percentage specified in such notice; provided, however, that any such increase shall
not be effective until the sixty-first (61st) day after such notice is delivered to the Company.

 

4.
Adjustments.

 

4.1
Share Capitalizations.

 

4.1.1
Stock Dividends. If after the date hereof, and subject to the provisions of Section 4.5 below, the number of issued and
outstanding Common Stock is increased by a capitalization or share dividend of Common Stock , or by a sub-division of Common Stock or
other similar event, then, on the effective date of such share capitalization, sub-division or similar event, the number of Common Stock
issuable on exercise of each Warrant shall be increased in proportion to such increase in the issued and outstanding Common Stock. A
rights offering made to all or substantially all holders of Common Stock entitling holders to purchase Common Stock at a price less than
the “Historical Fair Market Value” (as defined below) shall be deemed a capitalization of a number of Common
Stock equal to the product of (i) the number of Common Stock actually sold in such rights offering (or issuable under any other equity
securities sold in such rights offering that are convertible into or exercisable for the Common Stock ) multiplied by (ii) one (1) minus
the quotient of (x) the price per share of Common Stock paid in such rights offering divided by (y) the Historical Fair Market Value.
For purposes of this subsection 4.1.1, (i) if the rights offering is for securities convertible into or exercisable for Common
Stock , in determining the price payable for Common Stock , there shall be taken into account any consideration received for such rights,
as well as any additional amount payable upon exercise or conversion and (ii) “Historical Fair Market Value”
means the volume weighted average price of the Common Stock during the ten (10) trading day period ending on the trading day prior to
the first date on which the Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right
to receive such rights. No Common Stock shall be issued at less than their par value.

 

     

     

    

 

4.1.2
Extraordinary Dividends. If the Company, at any time while the Warrants are outstanding and unexpired, pays to all or substantially
all of the holders of the Common Stock a dividend or make a distribution in cash, securities or other assets on account of such Common
Stock (or other shares into which the Warrants are convertible), other than (a) as described in subsection 4.1.1 above, (b) Ordinary
Cash Dividends (as defined below), (c) to satisfy the redemption rights of the holders of the Common Stock in connection with a proposed
initial Business Combination, (d) to satisfy the redemption rights of the holders of the Common Stock in connection with a stockholder
vote to amend the Company’s amended and restated certificate of incorporation (i) to affect the substance or timing of the Company’s
obligation to provide for the redemption of Class A Common Stock in connection with an initial Business Combination or to redeem 100%
of the Company’s public shares if the Company does not consummate its initial Business Combination within the time period set forth
in the Company’s amended and restated certificate of incorporation or (ii) with respect to any other provisions relating to stockholders’
rights or pre-initial business combination activity or (e) in connection with the redemption of public shares upon the failure of the
Company to complete its initial Business Combination and any subsequent distribution of its assets upon its liquidation (any such non-excluded
event being referred to herein as an “Extraordinary Dividend”), then the Warrant Price shall be decreased,
effective immediately after the effective date of such Extraordinary Dividend, by the amount of cash and/or the fair market value (as
determined by the Company’s board of directors (the “Board”), in good faith) of any securities or other
assets paid on each share of Common Stock in respect of such Extraordinary Dividend. For purposes of this subsection 4.1.2, “Ordinary
Cash Dividends” means any cash dividend or cash distribution which, when combined on a per share basis, with the per share
amounts of all other cash dividends and cash distributions paid on the Common Stock during the 365-day period ending on the date of declaration
of such dividend or distribution to the extent it does not exceed $0.50 (which amount shall be adjusted to appropriately reflect any
of the events referred to in other subsections of this Section 4 and excluding cash dividends or cash distributions that resulted
in an adjustment to the Warrant Price or to the number of Common Stock issuable on exercise of each Warrant).

 

4.2
Aggregation of Shares. If after the date hereof, and subject to the provisions of Section 4.6 hereof, the number of outstanding
shares of Common Stock is decreased by a consolidation, combination, reverse stock split or reclassification of shares of Common Stock
or other similar event, then, on the effective date of such consolidation, combination, reverse stock split, reclassification or similar
event, the number of shares of Common Stock issuable on exercise of each Warrant shall be decreased in proportion to such decrease in
outstanding shares of Common Stock.

 

4.3
Adjustments in Exercise Price. Whenever the number of shares of Common Stock purchasable upon the exercise of the Warrants is
adjusted, as provided in subsection 4.1.1 or Section 4.2 above, the Warrant Price shall be adjusted (to the nearest cent)
by multiplying such Warrant Price immediately prior to such adjustment by a fraction (x) the numerator of which shall be the number of
shares of Common Stock purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (y) the denominator of
which shall be the number of shares of Common Stock so purchasable immediately thereafter.

 

4.4
Replacement of Securities upon Reorganization, etc. In case of any reclassification or reorganization of the issued and outstanding
Common Stock (other than a change covered by Section 4.1 or Section 4.2 hereof or that solely affects the par value of
such Common Stock ), or in the case of any merger or consolidation of the Company with or into another entity (other than a consolidation
or merger in which the Company is the continuing corporation and that does not result in any reclassification or reorganization of the
issued and outstanding Common Stock ), or in the case of any sale or conveyance to another corporation or entity of the assets or other
property of the Company as an entirety or substantially as an entirety in connection with which the Company is dissolved, the Registered
Holder of the Warrants shall thereafter have the right to purchase and receive, upon the basis and upon the terms and conditions specified
in the Warrants and in lieu of the Common Stock of the Company immediately theretofore purchasable and receivable upon the exercise of
the rights represented thereby, the kind and amount of shares or stock or other securities or property (including cash) receivable upon
such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or transfer, that the holder
of the Warrants would have received if such holder had exercised his, her or its Warrant(s) immediately prior to such event; and if any
reclassification or reorganization also results in a change in Common Stock covered by Section 4.1 or Section 4.2, then
such adjustment shall be made pursuant to Sections 4.1, 4.2, 4.3 and this Section 4.4. The provisions of
this Section 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other
transfers. In no event shall the Warrant Price be reduced to less than the par value per share issuable upon exercise of such Warrant.

 

     

     

    

 

4.5
Issuance in Connection with a Business Combination. If (x) the Company issues additional shares of Common Stock or securities
convertible into or exercisable or exchangeable for shares of Common Stock for capital raising purposes in connection with the closing
of its initial Business Combination at an issue price or effective issue price of less than $9.20 per share of Common Stock (as adjusted
for stock splits, stock dividends, rights issuances, subdivisions, reorganizations, recapitalizations and the like), with such issue
price or effective issue price to be determined in good faith by the Board (and in the case of any such issuance to the initial stockholders
(as defined in the Prospectus) or their affiliates, without taking into account any founder shares held by such stockholders or their
affiliates, as applicable, prior to such issuance)(the “New Issuance Price”), (y) the aggregate gross proceeds
from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of its initial
business combination on the date of the consummation of its initial business combination (net of redemptions), and (z) the volume weighted
average trading price of common stock during the 20 trading day period starting on the trading day prior to the day on which the Company
consummates its initial business combination (such price, the “Market Value”) is below $9.20 per share (as
adjusted for stock splits, stock dividends, rights issuances, subdivisions, reorganizations, recapitalizations and the like), then the
Warrant Price shall be adjusted (to the nearest cent) to be equal to 115% of the greater of the Market Value and the New Issuance Price
and the Redemption Trigger Price (as defined below) will be adjusted (to the nearest cent) to 180% of the greater of the Market Value
and the New Issuance Price.

 

4.6
Notices of Changes in Warrant. Upon every adjustment of the Warrant Price or the number of shares issuable upon exercise of a
Warrant, the Company shall give written notice thereof to the Warrant Agent, which notice shall state the Warrant Price resulting from
such adjustment and the increase or decrease, if any, in the number of shares purchasable at such price upon the exercise of a Warrant,
setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. Upon the occurrence
of any event specified in Sections 4.1, 4.2, 4.3, 4.4 or 4.5, the Company shall give written notice
of the occurrence of such event to each holder of a Warrant, at the last address set forth for such holder in the Warrant Register, of
the record date or the effective date of the event. Failure to give such notice, or any defect therein, shall not affect the legality
or validity of such event.

 

4.7
No Fractional Shares. Notwithstanding any provision contained in this Agreement to the contrary, the Company shall not issue fractional
shares of Common Stock upon the exercise of Warrants. If, by reason of any adjustment made pursuant to this Section 4, the holder
of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share, the Company shall,
upon such exercise, round down to the nearest whole number the number of shares of Common Stock to be issued to such holder.

 

4.8
Form of Warrant. The form of Warrant need not be changed because of any adjustment pursuant to this Section 4, and Warrants issued
after such adjustment may state the same Warrant Price and the same number of shares of Common Stock as is stated in the Warrants initially
issued pursuant to this Agreement; provided, however, that the Company may at any time in its sole discretion make any change in the
form of Warrant that the Company may deem appropriate and that does not affect the substance thereof, and any Warrant thereafter issued
or countersigned, whether in exchange or substitution for an outstanding Warrant or otherwise, may be in the form as so changed.

 

4.9
  Other Events. In case any event shall occur affecting the Company as to which none of the provisions of preceding subsections
of this Section 4 are strictly applicable, but which would require an adjustment to the terms of the Warrants in order to (i) avoid an
adverse impact on the Warrants and (ii) effectuate the intent and purpose of this Section 4, then, in each such case, the Company shall
appoint a firm of independent public accountants, investment banking or other appraisal firm of recognized national standing, which shall
give its opinion as to whether or not any adjustment to the rights represented by the Warrants is necessary to effectuate the intent
and purpose of this Section 4 and, if they determine that an adjustment is necessary, the terms of such adjustment. The Company shall
adjust the terms of the Warrants in a manner that is consistent with any adjustment recommended in such opinion.

 

4.10
  No Adjustment. For the avoidance of doubt, no adjustment shall be made to the terms of the Warrants solely as a result
of an adjustment to the conversion ratio of the Class B Common Stock into shares of Common Stock or the conversion of the shares of Class
B Common Stock into shares of Common Stock, in each case, pursuant to the Company's Amended and Restated Certificate of Incorporation,
as further amended from time to time.

 

5.
Transfer and Exchange of Warrants.

 

5.1
Registration of Transfer. The Warrant Agent shall register the transfer, from time to time, of any outstanding Warrant upon the
Warrant Register, upon surrender of such Warrant for transfer, in the case of certificated warrants, properly endorsed with signatures
properly guaranteed and accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant representing an equal
aggregate number of Warrants shall be issued and the old Warrant shall be cancelled by the Warrant Agent. In the case of certificated
warrants, the Warrants so cancelled shall be delivered by the Warrant Agent to the Company from time to time upon request.

 

     

     

    

 

5.2
Procedure for Surrender of Warrants. Warrants may be surrendered to the Warrant Agent, either in certificated form or book entry
position together with a written request for exchange or transfer, and thereupon the Warrant Agent shall issue in exchange therefor one
or more new Warrants as requested by the Registered Holder of the Warrants so surrendered, representing an equal aggregate number of
Warrants; provided, however, that in the event that a Warrant surrendered for transfer bears a restrictive legend (as in the case of
the Private Placement Warrants, the Working Capital Warrants, and the Extension Warrants), the Warrant Agent shall not cancel such Warrant
and issue new Warrants in exchange thereof until the Warrant Agent has received an opinion of counsel for the Company stating that such
transfer may be made and indicating whether the new Warrants must also bear a restrictive legend.

 

5.3
Fractional Warrants. The Warrant Agent shall not be required to effect any registration of transfer or exchange which shall result
in the issuance of a warrant certificate or book-entry position for a fraction of a warrant, except as part of the Units.

 

5.4
Service Charges. No service charge shall be made for any exchange or registration of transfer of Warrants.

 

5.5.
Warrant Execution and Countersignature. If a physical certificate is issued, the Warrant Agent is hereby authorized to countersign
and to deliver, in accordance with the terms of this Agreement, the Warrants required to be issued, pursuant to the provisions of this
Section 5, and the Company, whenever required by the Warrant Agent, shall supply the Warrant Agent with Warrants duly executed on behalf
of the Company for such purpose.

 

5.6. Private
Placement Warrants, the Working Capital Warrants, and the Extension Warrants. The Warrant Agent shall not register any transfer of
Private Placement Warrants, the Working Capital Warrants, or the Extension Warrants until 30 days after the consummation by the Company
of an initial Business Combination, except for transfers (i) among the initial shareholders or to the initial shareholders’
or the Company’s officers, directors, consultants or their affiliates, (ii) to a holder’s shareholders or members upon
the holder’s liquidation, in each case if the holder is an entity, (iii) by bona fide gift to a member of the holder’s
immediate family or to a trust, the beneficiary of which is the holder or a member of the holder’s immediate family, in each case
for estate planning purposes, (iv) by virtue of the laws of descent and distribution upon death, (v) pursuant to a qualified
domestic relations order, (vi) to the Company for no value for cancellation in connection with the consummation of a Business Combination,
(vii) in connection with the consummation of a Business Combination by private sales at prices no greater than the price at which
the Private Warrants were originally purchased, (viii) in the event of the Company’s liquidation prior to its consummation
of an initial Business Combination or (ix) in the event that, subsequent to the consummation of an initial Business Combination,
the Company completes a liquidation, merger, share exchange or other similar transaction which results in all of the Company’s
shareholders having the right to exchange their Common Stock for cash, securities or other property, in each case (except for clauses
(vi), (viii) or (ix) or with the Company’s prior written consent) on the condition that prior to such registration for transfer,
the Warrant Agent shall be presented with written documentation pursuant to which each transferee (each, a “Permitted Transferee”)
or the trustee or legal guardian for such transferee agrees to be bound by the transfer restrictions contained in this section and any
other applicable agreement the transferor is bound by.

 

5.7
Transfer Prior to Detachment. Prior to the Detachment Date, the Public Warrants may be transferred or exchanged only together
with the Unit in which such Warrant is included, and only for the purpose of effecting, or in conjunction with, a transfer or exchange
of such Unit. Furthermore, each transfer of a Unit on the register relating to such Units shall operate also to transfer the Warrants
included in such Unit. Notwithstanding the foregoing, the provisions of this Section 5.6 shall have no effect on any transfer of Warrants
on and after the Detachment Date.

 

     

     

    

 

6.
Redemption.

 

6.1
Redemption of Warrants for Cash. Subject to Section 6.4 hereof, not less than all of the outstanding Warrants may be redeemed,
at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent,
upon notice to the Registered Holders of the Warrants, as described in Section 6.2 below, at the price (the “Redemption Price”)
of $0.01 per Warrant, provided that the last reported sales price of the Common Stock reported has been at least $18.00 per share (subject
to adjustment in compliance with Section 4 hereof) (the “Redemption Trigger Price”), on each of twenty (20)
trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption
is given and provided that there is an effective registration statement covering the shares of Common Stock issuable upon exercise of
the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.2
below) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to subsection 3.3.1;
provided, however, that if and when the Warrants become redeemable by the Company, the Company may not exercise such redemption right
if the issuance of shares of Common Stock upon exercise of the Warrants is not exempt from registration or qualification under applicable
state blue sky laws or the Company is unable to effect such registration or qualification.

 

6.2
Date Fixed for, and Notice of, Redemption; Redemption Price; Reference Value. In the event that the Company elects to redeem the
Warrants pursuant to Sections 6.1, the Company shall fix a date for the redemption (the “Redemption Date”).
Notice of redemption shall be mailed by first class mail, postage prepaid, by the Company not less than thirty (30) days prior to the
Redemption Date (the “30-day Redemption Period”) to the Registered Holders of the Warrants to be redeemed at
their last addresses as they shall appear on the registration books. Any notice mailed in the manner herein provided shall be conclusively
presumed to have been duly given whether or not the Registered Holder received such notice. As used in this Agreement, (a) “Redemption
Price” shall mean the price per Warrant at which any Warrants are redeemed pursuant to Sections 6.1 and (b) “Reference
Value” shall mean the last reported sales price of the Common Stock for any twenty (20) trading days within the thirty
(30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

 

6.3
Exercise after Notice of Redemption. The Warrants may be exercised, for cash (or on a “cashless basis” in accordance
with subsection 3.3.1(b) of this Agreement) at any time after notice of redemption shall have been given by the Company pursuant to Section
6.2 hereof and prior to the Redemption Date. In the event that the Company determines to require all holders of Warrants to exercise
their Warrants on a “cashless basis” pursuant to subsection 3.3.1, the notice of redemption shall contain the information
necessary to calculate the number of shares of Common Stock to be received upon exercise of the Warrants, including the “Fair Market
Value” (as such term is defined in subsection 3.3.1(b) hereof) in such case. On and after the Redemption Date, the record holder
of the Warrants shall have no further rights except to receive, upon surrender of the Warrants, the Redemption Price.

 

7.
Other Provisions Relating to Rights of Holders of Warrants.

 

7.1
No Rights as Stockholder. A Warrant does not entitle the Registered Holder thereof to any of the rights of a stockholder of the
Company, including, without limitation, the right to receive dividends, or other distributions, exercise any preemptive rights to vote
or to consent or to receive notice as a stockholder in respect of the meetings of stockholders or the election of directors of the Company
or any other matter.

 

7.2
Lost, Stolen, Mutilated, or Destroyed Warrants. If any Warrant is lost, stolen, mutilated, or destroyed, the Company and the Warrant
Agent may on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case of a mutilated
Warrant, include the surrender thereof), issue a new Warrant of like denomination, tenor, and date as the Warrant so lost, stolen, mutilated,
or destroyed. Any such new Warrant shall constitute a substitute contractual obligation of the Company, whether or not the allegedly
lost, stolen, mutilated, or destroyed Warrant shall be at any time enforceable by anyone.

 

7.3
Reservation of Common Stock. The Company shall at all times reserve and keep available a number of its authorized but unissued
shares of Common Stock that shall be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement.

 

     

     

    

 

7.4
Registration of Common Stock; Cashless Exercise at Company’s Option.

 

7.4.1.
Registration of the Common Stock. The Company agrees that as soon as practicable, but in no event later than twenty (20) Business
Days after the closing of its initial Business Combination, it shall use its commercially reasonable efforts to file with the Commission
a registration statement for the registration, under the Securities Act, of the Common Stock issuable upon exercise of the Warrants.
The Company shall use its commercially reasonable efforts to cause the same to become effective within sixty (60) Business Days following
the closing of its initial Business Combination and to maintain the effectiveness of such registration statement, and a current prospectus
relating thereto, until the expiration or redemption of the Warrants in accordance with the provisions of this Agreement. If any such
registration statement has not been declared effective by the sixtieth (60th) Business Day following the closing of the Business
Combination, holders of the Warrants shall have the right, during the period beginning on the sixty-first (61st) Business Day
after the closing of the Business Combination and ending upon such registration statement being declared effective by the Commission,
and during any other period when the Company shall fail to have maintained an effective registration statement covering the issuance
of the Common Stock issuable upon exercise of the Warrants, to exercise such Warrants on a “cashless basis,” by exchanging
the Warrants (in accordance with Section 3(a)(9) of the Securities Act or another exemption) for that number of Common Stock equal to
the lesser of the quotient obtained by dividing (x) the product of the number of Common Stock underlying the Warrants, multiplied by
the excess of the “Fair Market Value” (as defined below) over the Warrant Price by (y) the Fair Market Value. Solely for
purposes of this subsection 7.4.1, “Fair Market Value” shall mean the volume-weighted average price
of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the date that notice of exercise
is received by the Warrant Agent from the holder of such Warrants or its securities broker or intermediary. The date that notice of “cashless
exercise” is received by the Warrant Agent shall be conclusively determined by the Warrant Agent. In connection with the “cashless
exercise” of a Warrant, the Company shall, upon request, provide the Warrant Agent with an opinion of counsel for the Company (which
shall be an outside law firm with securities law experience) stating that (i) the exercise of the Warrants on a “cashless basis”
in accordance with this subsection 7.4.1 is not required to be registered under the Securities Act and (ii) the Common Stock issued
upon such exercise shall be freely tradable under United States federal securities laws by anyone who is not an affiliate (as such term
is defined in Rule 144 under the Securities Act) of the Company and, accordingly, shall not be required to bear a restrictive legend.
Except as provided in subsection 7.4.2, for the avoidance of doubt, unless and until all of the Warrants have been exercised or
have expired, the Company shall continue to be obligated to comply with its registration obligations under the first three sentences
of this The provisions of this Section 7.4 may not be modified, amended, or deleted without the prior written consent of EF Hutton.

 

7.4.2.
Cashless Exercise at Company’s Option. If the Common Stock is at the time of any exercise of a Public Warrant not listed
on a national securities exchange such that it satisfies the definition of a “covered security” under Section 18(b)(1)
of the Securities Act (or any successor rule), the Company may, at its option, (i) require holders of Public Warrants who exercise
Public Warrants to exercise such Public Warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities
Act (or any successor rule) as described in subsection 7.4.1 and (ii) in the event the Company so elects, the Company shall not be required
to file or maintain in effect a registration statement for the registration, under the Securities Act, of the Common Stock issuable upon
exercise of the Warrants, notwithstanding anything in this Agreement to the contrary. If the Company does not elect at the time of exercise
to require a holder of Public Warrants who exercises Public Warrants to exercise such Public Warrants on a “cashless basis,”
it agrees to use its best efforts to register or qualify for sale the Common Stock issuable upon exercise of the Public Warrant under
the blue sky laws of the state of residence in those states in which the Public Warrants were initially offered by the Company of the
exercising Public Warrant holder to the extent an exemption is not available.

 

8.
Concerning the Warrant Agent and Other Matters.

 

8.1
Payment of Taxes. The Company shall from time to time promptly pay all taxes and charges that may be imposed upon the Company
or the Warrant Agent in respect of the issuance or delivery of shares of Common Stock upon the exercise of the Warrants, but the Company
shall not be obligated to pay any transfer taxes in respect of the Warrants or such shares of Common Stock.

 

     

     

    

 

8.2
Resignation, Consolidation, or Merger of Warrant Agent.

 

8.2.1
Appointment of Successor Warrant Agent. The Warrant Agent, or any successor to it hereafter appointed, may resign its duties and
be discharged from all further duties and liabilities hereunder after giving sixty (60) days’ notice in writing to the Company.
If the office of the Warrant Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall appoint in writing
a successor Warrant Agent in place of the Warrant Agent. If the Company shall fail to make such appointment within a period of thirty
(30) days after it has been notified in writing of such resignation or incapacity by the Warrant Agent or by the holder of a Warrant
(who shall, with such notice, submit his, her or its Warrant for inspection by the Company), then the holder of any Warrant may apply
to the Supreme Court of the State of New York for the County of New York for the appointment of a successor Warrant Agent at the Company’s
cost. Any successor Warrant Agent, whether appointed by the Company or by such court, shall be a corporation organized and existing under
the laws of the State of New York, in good standing and having its principal office in the Borough of Manhattan, City and State of New
York, and authorized under such laws to exercise corporate trust powers and subject to supervision or examination by federal or state
authority. After appointment, any successor Warrant Agent shall be vested with all the authority, powers, rights, immunities, duties,
and obligations of its predecessor Warrant Agent with like effect as if originally named as Warrant Agent hereunder, without any further
act or deed; but if for any reason it becomes necessary or appropriate, the predecessor Warrant Agent shall execute and deliver, at the
expense of the Company, an instrument transferring to such successor Warrant Agent all the authority, powers, and rights of such predecessor
Warrant Agent hereunder; and upon request of any successor Warrant Agent the Company shall make, execute, acknowledge, and deliver any
and all instruments in writing for more fully and effectually vesting in and confirming to such successor Warrant Agent all such authority,
powers, rights, immunities, duties, and obligations.

 

8.2.2
Notice of Successor Warrant Agent. In the event a successor Warrant Agent shall be appointed, the Company shall give notice thereof
to the predecessor Warrant Agent and the Transfer Agent for the Common Stock not later than the effective date of any such appointment.

 

8.2.3
Merger or Consolidation of Warrant Agent. Any corporation into which the Warrant Agent may be merged or with which it may be consolidated
or any corporation resulting from any merger or consolidation to which the Warrant Agent shall be a party shall be the successor Warrant
Agent under this Agreement without any further act.

 

8.3
Fees and Expenses of Warrant Agent.

 

8.3.1
Remuneration. The Company agrees to pay the Warrant Agent reasonable remuneration for its services as such Warrant Agent hereunder
and shall, pursuant to its obligations under this Agreement, reimburse the Warrant Agent upon demand for all expenditures that the Warrant
Agent may reasonably incur in the execution of its duties hereunder.

 

8.3.2.
Further Assurances. The Company agrees to perform, execute, acknowledge, and deliver or cause to be performed, executed, acknowledged,
and delivered all such further and other acts, instruments, and assurances as may reasonably be required by the Warrant Agent for the
carrying out or performing of the provisions of this Agreement.

 

8.4
Liability of Warrant Agent.

 

8.4.1.
Reliance on Company Statement. Whenever in the performance of its duties under this Agreement, the Warrant Agent shall deem it
necessary or desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder,
such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved
and established by a statement signed by the Chief Executive Officer, Chief Financial Officer, Secretary or Chairman of the Board of
the Company and delivered to the Warrant Agent. The Warrant Agent may rely upon such statement for any action taken or suffered in good
faith by it pursuant to the provisions of this Agreement.

 

8.4.2.
Indemnity. The Warrant Agent shall be liable hereunder only for its own gross negligence, willful misconduct or bad faith. The
Company agrees to indemnify the Warrant Agent and save it harmless against any and all liabilities, including judgments, costs and reasonable
counsel fees, for anything done or omitted by the Warrant Agent in the execution of this Agreement, except as a result of the Warrant
Agent’s gross negligence, willful misconduct or bad faith.

 

     

     

    

 

8.4.3
Exclusions. The Warrant Agent shall have no responsibility with respect to the validity of this Agreement or with respect to the
validity or execution of any Warrant (except its countersignature thereof). The Warrant Agent shall not be responsible for any breach
by the Company of any covenant or condition contained in this Agreement or in any Warrant. The Warrant Agent shall not be responsible
to make any adjustments required under the provisions of Section 4 hereof or responsible for the manner, method, or amount of any such
adjustment or the ascertaining of the existence of facts that would require any such adjustment; nor shall it by any act hereunder be
deemed to make any representation or warranty as to the authorization or reservation of any shares of Common Stock to be issued pursuant
to this Agreement or any Warrant or as to whether any shares of Common Stock shall, when issued, be valid and fully paid and non-assessable.

 

8.4.4.
Acceptance of Agency. The Warrant Agent hereby accepts the agency established by this Agreement and agrees to perform the same
upon the terms and conditions herein set forth and among other things, shall account promptly to the Company with respect to Warrants
exercised and concurrently account for, and pay to the Company, all monies received by the Warrant Agent for the purchase of shares of
Common Stock through the exercise of the Warrants.

 

8.4.5
Waiver. The Warrant Agent has no right of set-off or any other right, title, interest or claim of any kind (“Claim”)
in, or to any distribution of, the Trust Account (as defined in that certain Investment Management Trust Agreement, dated as of the date
hereof, by and between the Company and the Warrant Agent as trustee thereunder) and hereby agrees not to seek recourse, reimbursement,
payment or satisfaction for any Claim against the Trust Account for any reason whatsoever. The Warrant Agent hereby waives any and all
Claims against the Trust Account and any and all rights to seek access to the Trust Account.

 

9.
Miscellaneous Provisions.

 

9.1
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 respective successors and assigns.

 

9.2
Notices. 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:

 

Arogo
Capital Acquisition Corp.

848
Brickell Avenue, Penthouse 5,

Miami,
FL 33131.

Attn.:
Suradech Taweesaengsakulthai, Chief Executive Officer

 

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

1
State Street, 30th Floor

New
York, NY 10004

Attn:
Compliance Department

 

9.3
Applicable Law and Exclusive Forum. The validity, interpretation, and performance of this Agreement and of the Warrants shall
be governed in all respects by the laws of the State of New York, without giving effect to conflicts of law principles that would result
in the application of the substantive laws of another jurisdiction. The Company hereby agrees 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 City of New York, County
of New York, 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, forum for any such action, proceeding or claim. The Company hereby waives any
objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Notwithstanding the foregoing, the provisions
of this paragraph 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.

 

     

     

    

 

Any
person or entity purchasing or otherwise acquiring any interest in the Warrants shall be deemed to have notice of and to have consented
to the forum provisions in this Section 9.3. If any action, the subject matter of which is within the scope the forum provisions above,
is filed in a court other than a court located within the State of New York or the United States District Court for the Southern District
of New York (a “foreign action”) in the name of any warrant holder, such warrant holder shall be deemed to
have consented to: (x) the personal jurisdiction of the state and federal courts located within the State of New York or the United States
District Court for the Southern District of New York in connection with any action brought in any such court to enforce the forum provisions
(an “enforcement action”), and (y) having service of process made upon such warrant holder in any such enforcement
action by service upon such warrant holder’s counsel in the foreign action as agent for such warrant holder.

 

9.4
Persons Having Rights under this Agreement. Nothing in this Agreement shall be construed to confer upon, or give to, any person
or corporation other than the parties hereto and the Registered Holders of the Warrants any right, remedy, or claim under or by reason
of this Agreement or of any covenant, condition, stipulation, promise, or agreement hereof. All covenants, conditions, stipulations,
promises, and agreements contained in this Agreement shall be for the sole and exclusive benefit of the parties hereto and their successors
and assigns and of the Registered Holders of the Warrants.

 

9.5
Examination of the Warrant Agreement. A copy of this Agreement shall be available at all reasonable times at the office of the
Warrant Agent in the Borough of Manhattan, City and State of New York, for inspection by the Registered Holder of any Warrant. The Warrant
Agent may require any such holder to submit such holder’s Warrant for inspection by the Warrant Agent.

 

9.6
Counterparts. This Agreement may be executed in any number of original or facsimile counterparts 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.

 

9.7
Effect of Headings. The section headings herein are for convenience only and are not part of this Agreement and shall not affect
the interpretation thereof.

 

9.8
Amendments. This Agreement may be amended by the parties hereto without the consent of any Registered Holder for the purpose of
curing any ambiguity, or curing, correcting or supplementing any defective provision contained herein or adding or changing any other
provisions with respect to matters or questions arising under this Agreement as the parties may deem necessary or desirable and that
the parties deem shall not adversely affect the interest of the Registered Holders. All other modifications or amendments, including
any amendment to increase the Warrant Price or shorten the Exercise Period, shall require the vote or written consent of the Registered
Holders of 50% of the then-outstanding Public Warrants and, solely with respect to any amendment to the terms of the Private Placement
Warrants, the Working Capital Warrants, the Extension Warrants or the Post-IPO Warrants or any provision of this Agreement with respect
to the Private Placement Warrants, the Working Capital Warrants, or the Extension Warrants, 50% of the number of the then outstanding
Private Placement Warrants, Working Capital Warrants, or Extension Warrants, as applicable. Notwithstanding the foregoing, the Company
may lower the Warrant Price or extend the duration of the Exercise Period pursuant to Sections 3.1 and 3.2, respectively,
without the consent of the Registered Holders. The provisions of this Section 9.8 may not be modified, amended or deleted without the
prior written consent of EF Hutton.

 

9.9
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.

 

Exhibit
A — Form of Warrant Certificate

Exhibit
B — Legend — Private Placement Warrants, Working Capital Warrants, and Extension Warrants

 

     

     

    

  

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

 

	 	AROGO
    CAPITAL ACQUISITION CORP.

 

	 	By:	 /s/
    Suradech Taweesaengsakulthai

 

	 	Name:
    Suradech Taweesaengsakulthai
	 	Title:
    Chief Executive Officer

 

	 	

    CONTINENTAL
    STOCK TRANSFER & TRUST COMPANY,

    as Warrant Agent

 

	 	By:	 /s/
    Erika Young

 

	 	Name:
    Erika Young
	 	Title:
    Vice President

 

[signature
page to Warrant Agreement]

 

     

     

    

  

EXHIBIT
A 

Form
of Warrant Certificate

[FACE]

Number

Warrants

THIS
WARRANT SHALL BE VOID IF NOT EXERCISED PRIOR TO

THE EXPIRATION OF THE EXERCISE PERIOD PROVIDED FOR

IN THE WARRANT AGREEMENT DESCRIBED BELOW

 

Arogo
Capital Acquisition Corp.

Incorporated
Under the Laws of the State of Delaware

 

CUSIP:
042644112

Warrant
Certificate

 

This
Warrant Certificate certifies that [ ], or registered assigns, is the registered holder of [ ] warrant(s) (the “Warrants”
and each, a “Warrant”) to purchase Class A Common Stock , $0.0001 par value (“Common Stock ”),
of Arogo Capital Acquisition Corp., a Delaware corporation (the “Company”). Each Warrant entitles the holder,
upon exercise during the period set forth in the Warrant Agreement referred to below, to receive from the Company that number of fully
paid and nonassessable Common Stock as set forth below, at the exercise price (the “Exercise Price”) as determined
pursuant to the Warrant Agreement, payable in lawful money (or through “cashless exercise” as provided for
in the Warrant Agreement) of the United States of America upon surrender of this Warrant Certificate and payment of the Exercise Price
at the office or agency of the Warrant Agent referred to below, subject to the conditions set forth herein and in the Warrant Agreement.
Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement.

 

Each
Warrant is initially exercisable for one fully paid and non-assessable share of Common Stock. Fractional shares shall not be issued upon
exercise of any Warrant. If, upon the exercise of Warrants, a holder would be entitled to receive a fractional interest in a share of
Common Stock, the Company shall, upon exercise, round down to the nearest whole number the number of Common Stock to be issued to the
Warrant holder. The number of Common Stock issuable upon exercise of the Warrants is subject to adjustment upon the occurrence of certain
events as set forth in the Warrant Agreement.

 

The
initial Exercise Price per share of Common Stock for any Warrant is equal to $11.50 per share. The Exercise Price is subject to adjustment
upon the occurrence of certain events as set forth in the Warrant Agreement.

 

Subject
to the conditions set forth in the Warrant Agreement, the Warrants may be exercised only during the Exercise Period and to the extent
not exercised by the end of such Exercise Period, such Warrants shall become void. The Warrants may be redeemed, subject to certain conditions,
as set forth in the Warrant Agreement.

 

Reference
is hereby made to the further provisions of this Warrant Certificate set forth on the reverse hereof and such further provisions shall
for all purposes have the same effect as though fully set forth at this place.

 

This
Warrant Certificate shall not be valid unless countersigned by the Warrant Agent, as such term is used in the Warrant Agreement. This
Warrant Certificate shall be governed by and construed in accordance with the internal laws of the State of New York.

 

     

     

    

 

[Form
of Warrant Certificate]

[Reverse]

 

The
Warrants evidenced by this Warrant Certificate are part of a duly authorized issue of Warrants entitling the holder on exercise to receive
[ ] shares of Common Stock and are issued or to be issued pursuant to a Warrant Agreement dated as of [●], 2021 (the “Warrant
Agreement”), duly executed and delivered by the Company to Continental Stock Transfer & Trust Company, a limited purpose
trust company, as warrant agent (the “Warrant Agent”), which Warrant Agreement is hereby incorporated by reference
in and made a part of this instrument and is hereby referred to for a description of the rights, limitation of rights, obligations, duties
and immunities thereunder of the Warrant Agent, the Company and the holders (the words “holders” or “holder”
meaning the Registered Holders or Registered Holder, respectively) of the Warrants. A copy of the Warrant Agreement may be obtained by
the holder hereof upon written request to the Company. Defined terms used in this Warrant Certificate but not defined herein shall have
the meanings given to them in the Warrant Agreement.

 

Warrants
may be exercised at any time during the Exercise Period set forth in the Warrant Agreement. The holder of Warrants evidenced by this
Warrant Certificate may exercise them by surrendering this Warrant Certificate, with the form of Election to Purchase set forth hereon
properly completed and executed, together with payment of the Exercise Price as specified in the Warrant Agreement (or through “cashless
exercise” as provided for in the Warrant Agreement) at the principal corporate trust office of the Warrant Agent. In the event
that upon any exercise of Warrants evidenced hereby the number of Warrants exercised shall be less than the total number of Warrants
evidenced hereby, there shall be issued to the holder hereof or his, her or its assignee, a new Warrant Certificate evidencing the number
of Warrants not exercised.

 

Notwithstanding
anything else in this Warrant Certificate or the Warrant Agreement, no Warrant may be exercised unless at the time of exercise (i) a
registration statement covering the issuance of the Common Stock to be issued upon exercise is effective under the Securities Act and
(ii) a prospectus thereunder relating to the Common Stock is current, except through “cashless exercise” as provided for
in the Warrant Agreement.

 

The
Warrant Agreement provides that upon the occurrence of certain events the number of Common Stock issuable upon exercise of the Warrants
set forth on the face hereof may, subject to certain conditions, be adjusted. If, upon exercise of a Warrant, the holder thereof would
be entitled to receive a fractional interest in a share of Common Stock, the Company shall, upon exercise, round down to the nearest
whole number of Common Stock to be issued to the holder of the Warrant.

 

The
Company reserves the right to call the Warrant at any time prior to its exercise with a notice of call in writing to the holders of record
of the Warrant, pursuant to the terms set forth in the Warrant Agreement.

 

Warrant
Certificates, when surrendered at the principal corporate trust office of the Warrant Agent by the Registered Holder thereof in person
or by legal representative or attorney duly authorized in writing, may be exchanged, in the manner and subject to the limitations provided
in the Warrant Agreement, but without payment of any service charge, for another Warrant Certificate or Warrant Certificates of like
tenor evidencing in the aggregate a like number of Warrants.

 

Upon
due presentation for registration of transfer of this Warrant Certificate at the office of the Warrant Agent a new Warrant Certificate
or Warrant Certificates of like tenor and evidencing in the aggregate a like number of Warrants shall be issued to the transferee(s)
in exchange for this Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without charge except for any
tax or other governmental charge imposed in connection therewith.

 

The
Company and the Warrant Agent may deem and treat the Registered Holder(s) hereof as the absolute owner(s) of this Warrant Certificate
(notwithstanding any notation of ownership or other writing hereon made by anyone), for the purpose of any exercise hereof, of any distribution
to the holder(s) hereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to
the contrary. Neither the Warrants nor this Warrant Certificate entitles any holder hereof to any rights of a stockholder of the Company.

 

     

     

    

 

Election
to Purchase

 

(To
Be Executed Upon Exercise of Warrant)

 

The
undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, to receive [ ] Common Stock and
herewith tenders payment for such Common Stock to the order of Arogo Capital Acquisition Corp. (the “Company”)
in the amount of $[ ] in accordance with the terms hereof. The undersigned requests that a certificate for such Common Stock be registered
in the name of [ ], whose address is [ ] and that such Common Stock be delivered to [ ] whose address is [ ]. If said [ ] number of Common
Stock is less than all of the Common Stock purchasable hereunder, the undersigned requests that a new Warrant Certificate representing
the remaining balance of such Common Stock be registered in the name of [ ], whose address is [ ] and that such Warrant Certificate be
delivered to [ ], whose address is [ ].

 

In
the event that the Warrant is to be exercised on a “cashless” basis pursuant to Section 7.4 of the Warrant Agreement,
the number of Common Stock that this Warrant is exercisable for shall be determined in accordance with Section 7.4 of the Warrant
Agreement.

 

In
the event that the Warrant may be exercised, to the extent allowed by the Warrant Agreement, through cashless exercise (i) the number
of Common Stock that this Warrant is exercisable for would be determined in accordance with the relevant section of the Warrant Agreement
which allows for such cashless exercise and (ii) the holder hereof shall complete the following: The undersigned hereby irrevocably elects
to exercise the right, represented by this Warrant Certificate, through the cashless exercise provisions of the Warrant Agreement, to
receive Common Stock . If said number of shares is less than all of the Common Stock purchasable hereunder (after giving effect to the
cashless exercise), the undersigned requests that a new Warrant Certificate representing the remaining balance of such Common Stock be
registered in the name of [ ], whose address is [ ] and that such Warrant Certificate be delivered to [ ], whose address is [ ].

 

(Signature
Page Follows)

 

Date:
[ ], 20

 

	 	(Signature)
	 	 
	 	 
	 	 
	 	(Address)
	 	 
	 	(Tax
    Identification Number)

Signature
Guaranteed:

	 	 

THE
SIGNATURE(S) SHOULD 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).

  

     

     

    

 

EXHIBIT
B

 

PRIVATE
PLACEMENT WARRANTS WORKING CAPITAL WARRANTS, AND EXTENSION WARRANTS LEGEND

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES
LAWS, AND MAY NOT BE OFFERED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
AND ANY APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE. IN ADDITION, SUBJECT TO ANY ADDITIONAL LIMITATIONS
ON TRANSFER DESCRIBED IN THE LETTER AGREEMENT BY AND AMONG AROGO CAPITAL ACQUISITION CORP. (THE “COMPANY”),
KOO DOM INVESTMENT LLC AND THE OTHER PARTIES THERETO, THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD OR TRANSFERRED PRIOR
TO THE DATE THAT IS THIRTY (30) DAYS AFTER THE DATE UPON WHICH THE COMPANY COMPLETES ITS INITIAL BUSINESS COMBINATION (AS DEFINED IN
SECTION 3 OF THE WARRANT AGREEMENT REFERRED TO HEREIN) EXCEPT TO A PERMITTED TRANSFEREE (AS DEFINED IN SECTION 2 OF THE WARRANT AGREEMENT)
WHO AGREES IN WRITING WITH THE COMPANY TO BE SUBJECT TO SUCH TRANSFER PROVISIONS.

 

SECURITIES
EVIDENCED BY THIS CERTIFICATE AND SHARES OF CLASS A COMMON STOCK OF THE COMPANY ISSUED UPON EXERCISE OF SUCH SECURITIES SHALL BE ENTITLED
TO REGISTRATION RIGHTS UNDER A REGISTRATION RIGHTS AGREEMENT TO BE EXECUTED BY THE COMPANY.”

 

No.
Warrants

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