Document:

Exhibit 10.1

 

 

RIOT
BLOCKCHAIN, INC.

EXECUTIVE
EMPLOYMENT AGREEMENT

This
Executive Employment Agreement (the “Agreement”) is made and entered into by and between Soo il Benjamin Yi (the “Employee”)
and Riot Blockchain, Inc., a Nevada corporation (the “Company”). The Employee and the Company shall sometimes be referred
to herein as the “Parties”, with each of the Employee and the Company a “Party” to this Agreement.

WHEREAS,
Employee currently serves as a Director of the Company;

 

WHEREAS,
the Company desires to employ Employee as the Company’s Executive Chairman (“Executive Chairman”), and Employee
desires to be employed by the Company in addition to Employee’s continued service as a Company Director; and

 

WHEREAS,
the Company and the Employee jointly desire to enter into this Agreement to reflect the terms and conditions of the Employee’s
employment with the Company.

NOW,
THEREFORE, in consideration of the mutual covenants, promises, and obligations contained herein, and for other good and valuable
consideration, the receipt and sufficiency of such consideration is hereby acknowledged, the Parties agree as follows:

		1.	Duties and Scope of Employment.

a.        
Effective Date. This Agreement and the Employee’s employment with the Company
shall be effective as of May 24, 2021 (the “Effective Date”).

b.      
Position; Job Duties. Employee accepts and shall serve full-time as the Company’s
Executive Chairman. In the Employee’s position as Executive Chairman, the Employee shall have such authority and perform such duties
and responsibilities as are assigned by the Company’s Board of Directors (the “Board”) and/or as are otherwise
normally associated with a Executive Chairman position including, those specifically outlined on Exhibit “A”. The Employee
will report to the Company’s Board, or such other person or persons as the Company’s Board designates.

c.        
Performance under this Agreement. During the Employment Term (as that term is defined
herein), the Employee shall perform and fulfill the Employee’s duties and responsibilities under this Agreement to the best of
the Employee’s abilities and in a trustworthy, professional, competent, and efficient manner. The Employee shall at all times comply
with and be subject to all applicable policies, procedures, codes of conduct, requirements, and organizational regulations established
by and/or amended by or on behalf of the Company from time to time. In Employee’s position
as Executive Chairman, Employee shall have the full powers, responsibilities, and authorities customary for the Executive Chairman
of corporations of the size, type, and nature of the Company, together with such other powers, authorities, and responsibilities as may
reasonably be assigned to Employee by the Company’s Board from time to time. Except as within the scope of Employee’s authority
as Executive Chairman, Employee shall have no authority to bind the Company by a promise or representation or to enter into any contract,
either written or oral, affecting the Company or any of its related entities. 

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d.       
Preparation, Ownership, and Storage of Data and Documents. Employee shall prepare,
in connection with services performed under this Agreement, all reports, documents and correspondence necessary and/or appropriate under
the circumstances, all of which shall belong to the Company. Employee shall store all reports, documents, correspondence, and data on
and in Company-designated storage and will not archive or otherwise retain any tangible or intangible copies, summaries, or descriptions
of said reports, documents, correspondence, or data or otherwise store any such materials outside of such Company-designated storage.

e.        
Fiduciary Duty; Conflict of Interests. Employee acknowledges and agrees that Employee
owes a fiduciary duty of loyalty, fidelity, and allegiance to act at all times in the best interests of the Company and to not engage
in any act which would directly or indirectly injure the Company’s business, interests, or reputation. In keeping with the Employee’s
fiduciary duties and obligations to the Company, Employee shall not become involved in a conflict of interest with the Company, or upon
discovery thereof, allow such a conflict to continue. Moreover, Employee shall not engage in any activity that might involve a possible
conflict of interest without first obtaining written approval from the Board. Employee may, however, with prior written consent from
the Board (which consent shall not unreasonably be withheld), serve on one corporate board as a board member and serve on one civic or
non-profit board as a board member at any given time during Employee’s employment with the Company; provided, however, that the
Employee engages in such outside activities only during the Employee’s personal time.

2.       
Term of Employment.  The Employee’s employment under this Agreement shall continue until the third anniversary
of the Effective Date (the “Initial Term”) unless terminated earlier pursuant to Section 6 of this Agreement. On the
fifth anniversary of the Effective Date, and each annual anniversary thereafter (such date and each annual anniversary thereof a “Renewal
Date”), the Agreement shall be automatically extended for successive one year periods (each a “Renewed Term”)
unless (a) terminated earlier pursuant to Section 6 of this Agreement or (b) either Party delivers written notice to the other, consistent
with Section 1.j. of this Agreement, at least 180 days before the applicable Renewal Date of the Employee’s or the Company’s
intention not to renew this Agreement, in each case the Employee’s employment hereunder shall be terminated as of the end of the
expiring Initial Term or Renewed Term, as the case may be. The Company may, in its sole and absolute discretion, advance the date of
termination upon receipt of such written notice from the Employee. The period during which the Employee is employed by the Company under
this Agreement is hereinafter referred to as the “Employment Term”. 

3.        
Exclusive Employment; Place of Services. During Employee’s employment with the Company, Employee shall devote
all of Employee’s working time, attention, knowledge, and skill(s) to the performance and fulfillment of Employee’s duties,
responsibilities, and services for the Company, and Employee shall not at any time during the Employment Term engage in any other business,
employment, or consulting or contractor work, unless Employee has first obtained prior written consent from the Board. Employee shall
be available as reasonably required including by telecommuting (via video conferencing or other electronic means) during all reasonable
times during the Employment Term, and shall be available for reasonable business travel requirements
on a limited, and temporary basis, in performance of the Employee’s duties. Notwithstanding anything in this Agreement to
the contrary, Employee’s duties shall include travel relating to the Company’s business reasonably commensurate with Employee’s
position with the Company.

 

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4.           
Compensation and Benefits.

a.          
Base Salary. During the Employment Term, the Company shall pay Employee (i) an annualized
salary in the total gross amount of Two Hundred Forty Thousand U.S. Dollars and Zero Cents ($240,000.00) and (ii) 10 Bitcoin, all of
which shall be subject to all offsets, prorations, deductions, domestic and foreign tax withholdings, and claw-backs as set forth in
this Agreement. Employee’s annual salary and Bitcoin compensation, as in effect from time to time, are hereinafter collectively
referred to as “Base Salary”. Employee’s Base Salary shall take effect on the first regularly scheduled pay
period following the Effective Date of this Agreement. The Company’s Board, or the Board’s Compensation Committee (the “Compensation
Committee”), shall annually review and may, in its sole discretion, adjust Employee’s Base Salary. Effective as of the
date of any change to Employee’s Base Salary, the Base Salary as so changed shall be considered the new Base Salary for all purposes
of this Agreement.

b.         
Annual Incentive Bonus. Subject to the terms of this Agreement, for each fiscal year
during the Employment Term, the Board or the Compensation Committee may elect to establish an annual incentive bonus target for the Employee
based upon specific performance goals, criteria, or targets for such fiscal year (the “Incentive Bonus”). If the Board
or the Compensation Committee establishes an Incentive Bonus, its terms shall be communicated in writing to Employee, and the Board or
the Compensation Committee shall evaluate whether the performance goals, criteria, or targets with respect to the Incentive Bonus for
the applicable fiscal year have been met. Based on this evaluation, the Board or the Compensation Committee shall determine the final
amount of the Incentive Bonus, if any, to be awarded to Employee. Incentive Bonus awards may, in the discretion of the Board or the Compensation
Committee, be granted as an Equity Award according to Section 4.c.iii of this Agreement, or as a cash award. 

Nothing
in this Section 4.b above, nor anything in this Agreement, entitles or shall be interpreted to entitle Employee to any guaranteed minimum
Incentive Bonus at any time during the Employment Term and Employee’s receipt of an Incentive Bonus is expressly contingent upon
Employee being actively employed by the Company through the date that such Incentive Bonus is actually paid to Employee. All determinations
with respect to any Incentive Bonus shall be made by the Board or Compensation Committee, as applicable, in its sole and reasonable discretion,
and shall be final, conclusive, and binding on all Parties.

c.        
Equity Compensation. Subject to the terms of this Agreement, the Employee shall be
eligible to receive the following equity awards (each an “Equity Award”): 

i.       
Initial Equity Award. As of the Effective Date, the Board or the Compensation Committee shall grant to Employee an initial
Equity Award of 15,000 restricted stock units (“RSUs”), which, subject to Employee’s continued employment with
the Company, shall be eligible to vest in four (4) equal quarterly installments as follows: 3,750 RSUs vesting on July 1, 2021;
3,750 RSUs vesting on October 1, 2021; 3,750 RSUs vesting on January 1, 2022; and the remaining 3,750 RSUs vesting on April 1, 2022 (the
“Initial Equity Award”). 

ii.        
Additional Equity Awards. During the Employment Term, Employee may be eligible to receive additional grants of Equity Awards,
as determined by the Board or the Compensation Committee, in its sole and absolute discretion.

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iii.       
Terms and Conditions of Equity Compensation. Each Equity Award, including any Incentive Bonus under Section 4.b. above
awarded as an Equity Award, shall be granted under and subject to the terms of the Riot Blockchain, Inc. 2019 Equity Incentive Plan,
as amended (or any successor equity plan) (the “Equity Plan”), as well as the terms of an equity award agreement,
substantially in form attached as Exhibit “B” hereto, specifying, among other things, the number of RSUs (or other Company
Security) granted to Employee and the applicable vesting schedule (each, an “Equity Award Agreement”). The term Company
“Security” shall have the meaning ascribed to it under the Equity Plan. Notwithstanding the foregoing or anything to the
contrary in this Agreement, except as to the Initial Equity Award, Employee shall not be guaranteed any minimum Equity Award at any time
during the Employment Term.

d.
      Annual Insurance Allowance. Subject to the terms of
this Agreement, and to help defray the costs for health insurance for Employee and any covered dependent(s) of Employee, the Company
shall pay Employee an annualized allowance in the total gross amount of Eight Thousand Eight Hundred Fifty-Three U.S. Dollars and
Twenty-Four Cents ($8,853.24) (the “Insurance Allowance”). The Insurance Allowance shall be subject to all
offsets, prorations, deductions, foreign and domestic tax withholdings, and claw-backs as required by law and/or as set for in this
Agreement and shall be paid in periodic installments consistent with the Company’s customary payroll practices and applicable
laws. Employee’s Insurance Allowance shall take effect on the first regularly scheduled pay period following the Effective
Date of this Agreement and shall be prorated for the remainder of the calendar year in which Employee is hired. The Company’s
Board or the Compensation Committee shall annually review and may, in its sole discretion, adjust Employee’s Insurance
Allowance. Effective as of the date of any change to Employee’s Insurance Allowance, the Insurance Allowance as so changed
shall be considered the new Insurance Allowance for all purposes of this Agreement.

e.       Paid Time Off. During the Employment Term, Employee shall be eligible to receive paid
time off (“PTO”) up to a maximum amount of 25 days per fiscal year to be accrued, carried over, and used subject to
and in accordance with the terms of the Company’s paid-time-off policy in effect from time to time. During the Employment Term,
accrued but unused PTO will carry over from one fiscal year to the next; however, once Employee has reached Employee’s maximum
PTO accrual for that fiscal year, Employee will not be eligible to accrue any additional PTO until Employee’s PTO balance falls
below the maximum accrual amount of 30 days per fiscal year. 

f.        Expense Reimbursement. During the Employment Term, and subject to Section 7.1.p. of
this Agreement, the Company will reimburse Employee for reasonable, necessary, and documented out-of-pocket expenses incurred by Employee
on behalf of the Company in connection with the performance of Employee’s duties as Executive Chairman. All expenses shall be in
accordance with the Company’s expense reimbursement policies and procedures in effect from time to time, subject to Employee submitting
to the Company a written reimbursement request and proof of such expense(s).

g.     
Company Compensation Practices and Regulatory Compliance. Any payment or benefit conferred
under this Section 4 shall, subject to all applicable regulatory, tax, and legal requirements described under Section 1.p. of this Agreement,
be paid in accordance with the Company’s customary compensation practices and, as applicable, prorated for the actual number of
days Employee was actively employed with the Company during the applicable fiscal year.

 

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5.          
Restrictive Covenants. Employee has read and shall sign the Company’s Confidentiality and Non-Competition Agreement
(the “CNCA”), which is attached hereto as Exhibit “C” and incorporated herein by this reference. Employee
further understands and agrees that the Company may, in its sole discretion, update and amend Employee’s CNCA from time to time,
and Employee will be required to sign any such amended agreement as a material term of this Agreement and a condition of continued employment.
Notwithstanding anything contained in this Agreement to the contrary, and for the avoidance of any doubt, nothing herein shall modify
or limit the applicability of the confidentiality and/or restrictive covenants contained in the CNCA and/or any other agreement between
the Parties, which shall be enforced according to their terms and read together to provide the greatest level of protection(s) to the
Company and its confidential information (as that term is defined in the CNCA).

6.          
Termination of Employment.

a.         
By the Company for Cause. Employee’s employment under this Agreement may be
terminated by the Company at any time upon the occurrence of one or more of the following events (each of which shall be a termination
event for “Cause”):

i.       
Employee willfully, recklessly, or with gross negligence fails to comply with any material term or aspect of the policies, standards,
and regulations that the Company, in its sole discretion, establishes and/or implements in writing before and during the Employment Term;

ii.      
Employee commits any act of gross negligence, illegal conduct, embezzlement, theft, misappropriation, fraud, dishonesty, or other
acts of misfeasance, malfeasance, and/or misconduct in the rendering of services to or on behalf of the Company;

iii.      Employee willfully, recklessly, or with gross negligence fails to comply with any reasonable
request of the person(s) to whom Employee reports;

iv.    
Employee fails to adequately, substantially, and/or continually perform to Company’s reasonable satisfaction the usual and
customary duties of Employee’s employment, those duties reasonably requested of Employee and typically associated with Employee’s
position, and/or those duties or expectations assigned by Company;

v.   
   Employee breaches any material term or provision of this Agreement or any material term or provision
of any other agreement between the Parties; and/or

vi.    
Employee is convicted of, or pleads guilty or nolo contendere to, a crime constituting, a felony or a misdemeanor involving
deceit, dishonesty, or moral turpitude, or otherwise commits any act which impairs Employee’s fitness to perform the Employee’s
duties under this Agreement and/or damages the reputation of the Company, as determined in the sole and reasonable discretion of the
Board.

Notwithstanding
the foregoing, the Company may not terminate Employee’s employment under this Agreement for Cause under Sections 6.a.i.-vi. above
without first providing Employee written notice of the event or condition(s) constituting Cause, which notice must be given no later
than 30 days after the date on which the event or condition(s) constituting Cause is first reasonably discovered by the Board. Upon the
giving of such notice, and only if the event or condition is reasonably capable of being remedied by Employee, Employee shall have a
period of 30 days during which Employee may try to remedy the event or condition(s) and, if so remedied, the Company may not terminate
Employee’s employment under this Agreement for Cause for the event or condition that was remedied.

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b.            
By the Company without Cause. The Company may terminate Employee’s employment
under this Agreement without Cause upon providing written notice of termination to Employee 30 days in advance. For purposes of this
Agreement “without Cause” shall mean any termination by the Company that is not (i) a termination for Cause as described
and in accordance with Section 6.a. above, or (ii) a termination because of death or Disability as described Section 6.e. below. Notwithstanding
anything in this Agreement to the contrary, the Company may, in its sole and absolute discretion, advance the Employee’s termination
date to an alternate termination date of the Company’s own choosing provided, however, that Employee shall be paid Employee’s
Base Salary from the date that the Company provides written notice of termination through the end of the 30-day notice period provided
for in this Section 6.b.

c.             
By Employee for Good Reason. Employee may terminate his employment under this Agreement
following written notice to the Company upon the occurrence of any of the following events or conditions (each of which shall be a termination
event for “Good Reason”):

i.         
A material diminution in Employee’s Base Salary or employment benefits other than a general reduction in Base Salary and/or
benefits that affects all similarly situated employees;

ii.         
A material breach of this Agreement by the Company;

iii.       
A material diminution in Employee’s title, authorities, responsibilities, or duties without Employee’s consent (other
than a temporary change while Employee is physically or mentally in capacitated or as required by applicable law;

iv.     
   A relocation of Employee’s primary work location that would require the reasonable person to move
Employee’s residence from its then current location if Employee does not consent to such relocation;

v.         
The Company permanently ceases its business operations; and/or

vi.       
A Change in Control (as defined in Section 7.2 of the Equity Plan) of the Company and the Employee experiences any of the events
set forth in the foregoing Sections 6.c.i.-v. within either (A) the first 6 months following such Change in Control or (B) the Initial
Term or any then-effective Renewed Term of this Agreement, whichever is later.

Notwithstanding
the foregoing, Employee may not terminate Employee’s employment under this Agreement for Good Reason without first providing the
Company advanced written notice of the event(s) and/or condition(s) constituting Good Reason, which notice must be given no later than
30 days after the date on which the event(s) and/or condition(s) constituting Good Reason first occurs. Upon the Company’s receipt
of such notice, the Company shall then have 30 days during which it may remedy the event(s) and/or condition(s) (the “Company
Notice Period”) and, if so remedied, Employee may not terminate his employment under this Agreement for Good Reason. If Employee
fails to comply with the immediately preceding two sentences of this Section 6.c., such termination shall not be considered a termination
for Good Reason. If the Company fails to cure the event(s) and/or conditions during the Company Notice Period, then the termination shall
occur 30 days after the expiration of the Company Notice Period unless the Company, in its sole discretion, chooses to advance Employee’s
termination date to an alternate termination date of the Company’s own choosing.

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d.                 
By Employee without Good Reason. Employee may terminate Employee’s employment
under this Agreement without Good Reason by providing written notice of termination to the Company no less than 180 days before the termination
date. For purposes of this Agreement “without Good Reason” shall mean any termination by Employee that is not a termination
due to death or Disability under Section 6.e. below or for Good Reason as set forth and in accordance with Section 6.c. above. Notwithstanding
anything in this Agreement to the contrary, the Company may, in its sole and absolute discretion, waive all or any part of the 180-day
notice period for no consideration and advance the Employee’s termination date to an alternate termination date of the Company’s
own choosing.

e.                  
Termination due to Death or Disability. Employee’s employment with the Company
shall terminate immediately in the event of death or Disability of Employee. The term “Disability” means Employee’s
inability to substantially perform his duties as Executive Chairman by reason of any medically determinable physical or mental impairment
that, as determined by a physician chosen by the Company and reasonably acceptable to Employee, can be expected to: (i) result in death;
(ii) last for a continuous period of at least 30 days; or (iii) endanger the Employee and/or others if Employee were to continue to perform
Employee’s duties with the Company.

f.                   
Payments Upon Separation. Notwithstanding anything to the contrary in this Agreement,
upon termination of Employee’s employment with the Company, Employee shall be entitled to receive from the Company only the compensation
and benefits set forth in this Section 6.e, and Employee shall not be entitled to any further compensation or benefits from the Company
(including its subsidiaries and affiliates). For the avoidance of any doubt, the payments identified in Sections 6.f.ii.-v. below (the
“Severance Payments”) shall not become due and payable unless and until a severance agreement between the Company
and Employee (or Employee’s estate or beneficiaries, as the case may be) containing a broad waiver and release favoring the Company
(a “Severance Agreement”) has become effective, binding, and irrevocable on the parties thereto. Except with respect
to Severance Payments, which shall be paid to Employee (or Employee’s estate or beneficiaries, as the case may be) pursuant to
the applicable Severance Agreement, all amounts due under the following Section 6.f.i.-v. upon termination of Employee’s employment
with the Company shall be paid to Employee (or Employee’s estate or beneficiaries, as the case may be) on the first regular payday
following the Employee’s termination (or sooner if required by law). All amounts which may become payable to Employee under this
Section 6.f., including any Severance Payments, shall be subject to all applicable regulatory, tax, and legal requirements described
under Section 1.p. of this Agreement. 

i.         
Termination by Company for Cause; Termination by Employee without Good Reason (without Notice). If the Company terminates
Employee’s employment for Cause, or if Employee terminates Employee’s employment hereunder without Good Reason and
Employee fails to provide advance notice required by Section 6.d. of this Agreement, then the Employee shall be entitled to receive
only the following cash compensation: (A) Base Salary through the date of termination; and (B) any outstanding expense reimbursement
payments then due to Employee as of the date of termination.

 

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ii.       
Termination by Employee without Good Reason (with Notice); Nonrenewal of Employment Term. If Employee terminates Employee’s
employment hereunder without Good Reason and provides the Company with advance written notice required by Section 6.d.
of this Agreement, or if Employee’s employment terminated by expiration because the Employment Term is not renewed (by either Party)
consistent with the terms of this Agreement, then Employee shall be entitled to receive only the following cash compensation: (A) Base
Salary through the date of termination; (B) payment of Employee’s accrued but unused PTO as of the date of termination; (C) any
outstanding expense reimbursement payments then due to Employee as of the date of termination or expiration; and, (D) in exchange for
Employee executing (and, if applicable, not revoking) a Severance Agreement, the following Severance Payments: (1) the pro-rata portion
of any Incentive Bonus to which Employee would have been entitled under Section 4.bc. of this Agreement, if any, had Employee remained
employed with the Company through December 31 of the fiscal year in which the termination occurred; and (2) one month of Base Salary.

iii.       
Termination by Company without Cause; Termination by Employee for Good Reason. If the Company terminates Employee’s
employment hereunder without Cause, or if Employee terminates Employee’s employment hereunder for Good Reason (except for a Change
in Control), then Employee shall be entitled to receive only the following compensation: (A) Base Salary through the date of termination
or expiration; (B) payment of Employee’s accrued but unused PTO as of the date of termination; (C) any outstanding expense reimbursement
payments then due to Employee as of the date of termination or expiration; and, (D) in exchange for Employee executing (and, if applicable,
not revoking) a Severance Agreement, the following Severance Payments: (1) the pro-rata portion of any Incentive Bonus to which Employee
would have been entitled under Section 4.b. of this Agreement, if any, had Employee remained employed with the Company through December
31 of the fiscal year in which the termination occurred; (2) 12 months of Base Salary; and (3) the equity compensation to which Employee
would have been entitled under Section 4.c. had he remained employed with the Company through the end of the Term, with the vesting period
for such equity compensation automatically accelerated so that all such equity compensation shall be vested as of the date of termination.

iv.      
Termination because of Change in Control. If Employee’s employment is terminated in connection with a Change in Control
within 6 months of a Change in Control (as defined in Section 7.2 of the Equity Plan), or if Employee terminates Employee’s employment
under this Agreement for a Change in Control consistent with Section 6.a.vi. of this Agreement, then Employee shall be entitled to only
the following cash compensation: (A) Base Salary through the date of termination; (B) payment of Employee’s accrued but unused
PTO as of the date of termination; (C) any outstanding expense reimbursement payments then due to Employee as of the date of termination;
and, (D) in exchange for the Employee first executing (and, if applicable, not revoking) a Severance Agreement, the following Severance
Payments: (1) Base Salary through the end of the Term; (2) the Incentive Bonus to which Employee would have been entitled under Section
4.b. of this Agreement, if any, had Employee remained employed with the Company through December 31 of the fiscal year in which the termination
occurred; and (3) 12 months of Base Salary.

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v.      
Termination because of Death; Termination because of Disability. If Employee’s employment hereunder is terminated
because of Employee’s death, or if Employee’s employment hereunder is terminated because of Employee’s Disability,
then Employee (or Employee’s estate or beneficiaries, as the case may be) shall receive only the following cash compensation: (A)
Base Salary through the date of termination; (B) payment of Employee’s accrued but unused PTO as of the date of termination; (C)
any outstanding expense reimbursement payments then due to Employee as of the date of termination; and, (D) in exchange for Employee
(or employee’s estate or beneficiaries, as the case may be, executing (and, if applicable, not revoking) a Severance Agreement,
the following Severance Payments: (1) the pro-rata portion of any Incentive bonus to which Employee would have been entitled under Section
4.b. of this Agreement, if any, had Employee remained employed with the Company through December 31 of the fiscal year in which the termination
occurred; and (2) three months of Base Salary.

vi.      
Treatment of Equity. Except with respect to applicable regulatory, tax, and legal requirements described under Section
1.p. of this Agreement, regardless of the reason for separation, any Equity Awards granted to Employee shall remain governed by the Equity
Plan and any applicable Equity Award Agreement governing such Equity Awards, including with respect to the treatment of any Change in
Control under Section 7.3 of the Equity Plan, and nothing in the foregoing Sections 6.f.i. through 6.f.v. entitles or purports to entitle
Employee to any additional rights with respect to any such Equity Awards beyond the specific provisions of the Equity Plan or applicable
Equity Award Agreement.

g.          
Effect of Termination. Notwithstanding anything in this Agreement to the contrary,
upon termination of Employee’s employment hereunder for any reason, Employee agrees: (i) to immediately deliver to the Company
all Property (as that term is defined in the CNCA) and records (including all copies thereof) of the Company; (ii) that the Company shall
have the right, without limitation, to withhold and retain any amounts that might otherwise be owed to the Employee to offset any amounts
or debts owed by Employee to the Company; and (iii) that the Company shall, subject to applicable laws, further have the right to withhold
the payment of any amounts that might otherwise be owed to Employee until such time as the Company determines, to its reasonable satisfaction,
that any and all proprietary and confidential information, regardless of the medium on which it is embodied (e.g., laptop computer),
has been returned to the Company and that Employee has not retained copies thereof.

7.          
Resignation/Removal from All Other Positions. Upon termination of Employee’s employment with the Company for
any reason, Employee shall be deemed to have resigned and/or been removed, effective as of the date of such termination, from all positions
that the Executive holds (or previously held) with the Company or any of the Company’s affiliated and/or related entities except
as to Employee’s role as Director and member of the Company’s Board, which positions shall not be affected by Employee’s
Separation from the Company.

8.          
Miscellaneous.

a.           
Section Headers; Gender and Number. The section headings in this Agreement are for
the Parties’ convenience only and are not intended to govern, limit, or affect the meanings of the sections. Singular and plural
nouns and pronouns shall mean the singular or plural and the masculine, feminine, or neuter genders as permitted by the context in which
the words are used.

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b.          
Representations by Employee. The Employee represents and warrants to the Company that:

i. 
      The Employee’s acceptance of employment under this Agreement with the Company and the
performance of the Employee’s duties hereunder will not conflict with or result in a violation of, a breach of, or a default
under any contract, agreement, or understanding to which the Employee is a party or is otherwise bound;

ii.      
The Employee’s acceptance of employment under this Agreement with the Company and the performance of the Employee’s
duties hereunder will not violate any non-solicitation, non-competition, non-disclosure, or other similar covenant or agreement between
the Employee and a prior employer of the Employee;

iii.      The
Employee’s representations to the Company regarding the Employee’s prior employment have been truthful and accurate;
and

iv.  
   Employee shall immediately notify the Company of any issues that arise that could conflict with the
representations, warranties, and obligations set forth herein, including without limitation, any demands, claims, notices, or
requests made by third parties that could adversely impact Employee’s ability to perform services as Executive Chairman of the
Company.

c.          
Cooperation.The Parties agree that certain matters in which Employee will be involved
during the Employment Term may necessitate Employee’s cooperation in the future. Accordingly, following the termination of Employee’s
employment for any reason, to the extent requested by the Company, Employee shall provide to the Company reasonable levels of assistance
in answering questions about the Company’s business, transition of responsibility, legal matters, and/or litigation. The Company
shall make reasonable efforts to minimize the disruption of Employee’s other activities.

d.          
Entire Agreement; Modification. Unless specifically provided herein, this Agreement,
along with all exhibits and/or attachments hereto (including without limitation the sample Equity Award Agreement attached hereto as
Exhibit “B” and the CNCA attached hereto as Exhibit “C”) constitutes the entire understanding between Employee
and the Company with respect to the subject matter hereof and supersedes all prior understandings, agreements, representations, and warranties,
both written and oral, with respect to the subject matter hereof. The Parties are not relying upon any representations or promises not
set forth in this Agreement. Except as provided here, this Agreement (including the CNCA) may not be amended or modified except in a
writing signed by both Parties.

e.          
Waiver. Failure to insist upon strict compliance with any of the terms, covenants,
or conditions set forth in this Agreement (including the CNCA) shall not be deemed a waiver of such term, covenant, or condition, nor
shall any waiver or relinquishment of any right or power hereunder at any one or more times be deemed a waiver or relinquishment of such
right or power at any other times. No waiver by the Company of a breach by Employee of any provision of this Agreement (including the
CNCA) shall be binding upon the Company unless the same is in writing, signed by a duly authorized representative of the Company, and
any such waiver shall not operate or be construed as a waiver of any subsequent breach.

 

    	10  

    	 

    

 

f.          
Severability. If it is determined by a court of competent jurisdiction that any of
the provisions of this Agreement is invalid or unenforceable, such determination shall not affect the validity of the remaining provisions
in this Agreement, each of which shall survive and be given full force and effect. A court of competent jurisdiction may modify and bring
about a modification of any invalid or unenforceable provision to make it enforceable under applicable law.

g.         
Assignment. The Company may assign this Agreement (including the CNCA) and, if assigned,
the assignee has the right to seek enforcement of the Agreement (including the CNCA). Since this Agreement and the Employee’s rights
and obligations hereunder are personal to Employee, Employee cannot assign this Agreement (including the CNCA) to any other person or
entity.

h.         
Indemnification of Company. Employee agrees to indemnify, defend, and hold the Company,
its Affiliates, and their officers, directors and employees harmless from and against any claims (including without limitation losses,
damages, attorneys’ fees and costs) by third parties alleging that Employee’s employment with the Company hereunder constitutes
unlawful activity, breaches an obligation of Employee, or otherwise subjects the Company and its Affiliates to potential liability as
a result of Employee’s employment with the Company.

i.          
Indemnification of Employee. The Company agrees to indemnify,
defend, and hold the Employee harmless from and against claims as provided for under the Company’s Articles of Incorporation and
the Company’s Bylaws in effect from time to time.

j.          
Notices. All notices and other communications required to be given under this Agreement
(including the CNCA) shall be in writing and shall be delivered to the Party in person, via e-mail or as an attachment to an e-mail transmission
to the Party’s e-mail address, or by overnight carrier service by a recognized business courier (such as FedEx or UPS). A notice
and/or other communication to be given hereunder shall be considered effective: (a) on the date of delivery if personally delivered against
a written receipt; (b) on the date of delivery if sent by e-mail transmission or as an attachment to an e-mail transmission, with a delivery
receipt; or (c) on the first business day following the date of dispatch if delivered to a recognized business courier service (such
as DHL Courier, FedEx, or UPS) for overnight delivery.

k.         
Survival. Notwithstanding anything in this Agreement to the contrary, and for the
avoidance of any doubt, the termination of Employee’s employment under this Agreement for any reason shall not affect the CNCA
or any of the covenants, warranties, and agreements in Sections 4.g., 5, 6.f.vi., 6.g., 7 and 8 (including all applicable subparts) of
this Agreement, each of which shall survive such termination of the Employment Term, the Parties’ employment relationship, and
this Agreement.

l.           
Governing Law; Jurisdiction and Venue; Attorney’s Fees and Costs. The validity,
construction, and performance of this Agreement (including the CNCA) shall be governed by the laws of the State of Colorado without giving
effect to conflict of law principles. Except as otherwise may be required by the Company to obtain equitable injunctive relief under
this Agreement, the CNCA, and/or any other agreement between the Parties, jurisdiction for all actions or proceedings arising under this
Agreement (including the CNCA) shall be exclusive to a state or federal court of competent jurisdiction located in or with jurisdiction
for Castle Rock, Douglas County, Colorado. The Parties hereby irrevocably subject and consent to the jurisdiction of such courts and
waive the defense of inconvenient forum related to any action or proceeding in such venue. Should an action be commenced for a breach
of and/or to enforce the terms of this Agreement (including the CNCA), the prevailing party in such an action shall be entitled to recover
from the non-prevailing party, in addition to all other legal and/or equitable remedies, all costs of litigation, including reasonable
attorneys’ fees.

 

    	11  

    	 

    

 

m.         
Pre-Suit Mediation. Except with respect to any injunctive relief sought by the Company
under this Agreement, the CNCA, and/or any other agreement between the Parties, each of the Parties knowingly, voluntarily, and intentionally
agrees to and shall participate in a mediation conference before filing any complaint, charge, or accusatory pleading or document, or
otherwise commencing any legal or administrative action or proceeding against the other Party with a federal, state, or local agency
and/or in a court of competent jurisdiction. The Parties agree that the mediation conference shall be convened in Castle Rock, Douglas
County, Colorado, and to cooperate in the selection of a mutually agreeable mediator. The Parties shall split equally the cost of the
mediator. The Parties also agree to bear their own respective attorney’s fees and costs for mediation under this Section 81.m.
For the avoidance of any doubt, except as provided herein, the mediation requirement of this Section 81.m. is a condition precedent to
any action, proceeding, and/or litigation between the Parties.

n.        
WAIVER OF JURY TRIAL. To the extent permitted
by law, the parties KNOwingly, voluntarily, and intentionally agree to, and do hereby, waive the right to trial by jury in any litigation,
cause of action, claim, proceeding, or counterclaim brought by either of the parties against the other: [I] based on any matter whatsoever
arising out of or in any way connected with Employee’s employment with the Company; [II] Based on this Agreement (INCLUDING THE
CNCA) or arising out of, under, or relating to this agreement (INCULDING THE CNCA); and/or [III] based on any alleged action, inaction,
or omission of either party to this Agreement.

o.          
Construction. The essential terms and conditions contained in this Agreement have
been mutually negotiated between the Parties. The Parties agree that the language of all parts of this Agreement shall in all cases be
construed as a whole, according to its fair meaning, and not strictly for or against any of the Parties. No ambiguity or uncertainty
in this Agreement shall be construed or interpreted in favor of or against any Party.

p.          
Compliance with Applicable Regulatory, Tax, and Legal Requirements. Any payments or
benefits which may be conferred under this Agreement shall be subject to and administered in compliance with all regulatory, tax, and
legal requirements applicable to Employee or the Company, including, without limitation, the following:

i.         
Tax Withholding. The Company may withhold from any compensation or benefits payable to Employee all applicable federal,
state, local, foreign or other taxes and make any other deductions and withholdings as the Company, in its sole and absolute discretion,
determines are required or permitted by law.

    	12  

    	 

    

 

ii.       
Code Section 409A. This Agreement and all payments, distributions or other benefits hereunder shall comply and be administered
in accordance with the requirements of, or an exemption or exclusion to, Section 409A of Internal Revenue Code of 1986, as amended (the
“Code”), and the Treasury Regulations promulgated thereunder (“Section 409A”), as well as any applicable
equivalent State law. To the extent any provision or term of this Agreement is ambiguous as to its compliance in this respect, such provision
or term and all payments hereunder shall be interpreted to comply with the requirements of, or an exemption or exclusion to, Section
409A, as well as any applicable equivalent State law. Any provision that would cause this Agreement or a payment, distribution, or other
benefit hereunder to fail to comply with the requirements of, or an exemption or exclusion to, Section 409A, as well as any applicable
equivalent State law, shall have no force or effect and the Parties agree that, to the extent an amendment would be effective, this Agreement
shall be amended to comply with the requirements of, or an exemption or exclusion to, Section 409A, as well as any applicable equivalent
State law. Such amendment shall be retroactive to the extent permitted by law. For purposes of this Agreement, Employee shall not be
deemed to have terminated employment unless and until a “Separation from Service” within the meaning of Treasury Regulations
Section 1.409A-1(h) has occurred. Each payment under Section 6.e. of this Agreement shall be treated as a separate payment for purposes
of Section 409A.

iii.       
Code Section 280G. If any of the payments or benefits received or to be received by the Employee constitute “Parachute
Payments” within the meaning of Code Section 280G (each, a “Section 280G Payment”) and would, but for this Section
8.p.iii., be subject to the excise tax imposed under Code Section 4999 (the “Golden Parachute Tax”), then, prior to
making such Section 280G Payment, a calculation shall be made comparing (i) the Net Benefit (as defined below) to the Employee of the
Section 280G Payment to (ii) the Net Benefit to the Employee if the Section 280G Payment is limited to the extent necessary to avoid
being subject to the Golden Parachute Tax. Only if the amount calculated under (i) above is less than the amount under (ii) above will
the Section 280G Payment be reduced, and then, only to the minimum extent necessary to ensure that no portion of the Section 280G Payment
is subject to the Golden Parachute Tax. For purposes of this Section 8.p.iii. only, “Net Benefit” shall mean the present
value of the payment, net of all federal, state, local, foreign income, employment, and excise taxes, including the Golden Parachute
Tax. Any reduction made pursuant to this Section 8.p.iii. shall be made in a manner consistent with the requirements of Code Section
409A. All calculations and determinations under this Section 8.p.iii. shall be made by an independent accounting firm or independent
tax counsel appointed by the Company (the “Tax Counsel”), whose determinations shall be conclusive and binding on
the Company and the Employee for all purposes. The Company and the Employee shall furnish the Tax Counsel with such information and documents
as requested by the Tax Counsel to make its determinations under this Section 8.p.iii., and the Company shall bear all costs incurred
by the Tax Counsel under this Section 8.p.iii.

iv.       
Regulatory Claw-back. Notwithstanding any other provisions in this Agreement to the contrary, any compensation (whether
cash-, equity-, or incentive-based, or otherwise) paid to the Employee under this Agreement or any other agreement or arrangement between
the Company and the Employee which is subject to recovery under any law, government regulation, or stock exchange listing requirement
shall be subject to such deductions and claw-back as may be required to be made pursuant to such law, government regulation, or stock
exchange listing requirement (or any policy adopted by the Company pursuant to any such law, government regulation or stock exchange
listing requirement), without regard for any termination, severance, or other agreement with respect to the Employee’s separation
from service with the Company.

    	13  

    	 

    

 

q.           
Full Understanding; Acknowledgment. Employee acknowledges and agrees that Employee
has thoroughly read the terms of this Agreement before signing. Employee further acknowledges and agrees that, by signing this Agreement,
Employee knowingly and voluntarily consents to the terms contained herein.

r.            
Counterparts. This Agreement (including the CNCA) may be executed in one or more counterparts,
each of which when executed shall be deemed to be an original, and such counterparts together shall constitute one and the same Agreement.
Signing of this Agreement (including the CNCA) and transmission of the signed Agreement (including the CNCA) by electronic document transfer
will be acceptable and binding upon the parties as of the Effective Date.

IN
WITNESS WHEREOF, the undersigned, intending to be legally bound, have executed this Executive Employment Agreement as of the Effective
Date, which Agreement shall be effective as of the Effective Date.

 

	EMPLOYEE

     

     

     /s/ Soo Il Benjamin Yi

    Soo Il Benjamin
    Yi

     
	RIOT
    BLOCKCHAIN, INC.

     

     

    By: /s/ Hanna Cho

    Name: Hannah Cho

    Title: Chairperson of the Human Resources
    and Compensation Committee

 

 

 

	Attachments:		Description of Job Responsibilities (Exhibit “A”) 
Sample Equity
Award Agreement (Exhibit “B”) 
Confidentiality and
Non-Competition Agreement (Exhibit “C”)

 

 

 

 

 

[Signature
Page to Riot Blockchain, Inc. Executive Employment Agreement]

 

 

    	14EX-4.1

 Exhibit 4.1 

GIGINTERNATIONAL1, INC. 
 and 

CONTINENTAL STOCK TRANSFER & TRUST COMPANY 

WARRANT AGREEMENT 
 THIS WARRANT
AGREEMENT (this “Agreement”), dated as of May 18, 2021, is by and between GigInternational1, Inc., a Delaware corporation (the “Company”), and Continental Stock Transfer & Trust Company,
a New York corporation, as warrant agent (the “Warrant Agent”, also referred to herein as the “Transfer Agent”). 

WHEREAS, the Company is engaged in an initial public offering (the “Offering”) of an aggregate of 20,000,000 units of
the Company’s equity securities (or up to an aggregate of 23,000,000 Public Units if the Over-allotment Option (as defined below) is exercised in full) (the “Public Units”), each such Public Unit comprised of one share
of Common Stock of the Company, par value $0.0001 per share (“Common Stock”), and one-half of one redeemable warrant to purchase one share of Common Stock at an initial
exercise price of $11.50 per share of Common Stock (the “Public Warrants”), and, in connection therewith, has determined to issue and deliver up to 10,000,000 Public Warrants (or up to 11,500,000 Public Warrants if the
Over-allotment Option is exercised in full) to public investors in the Offering; 
 WHEREAS, the Company has entered into that certain Unit
Purchase Agreement, dated as of May 18, 2021 (the “Sponsor Unit Purchase Agreement”), with GigInternational1 Sponsor, LLC, a Delaware limited liability company (the “Sponsor”), pursuant to which
the Sponsor agreed to purchase an aggregate of 650,000 units of the Company’s equity securities (the “Sponsor Private Units”), each such Sponsor Private Unit comprised of one share of Common Stock and one-half of one warrant to purchase one share of Common Stock at an initial exercise price of $11.50 per share of Common Stock (the “Sponsor Private Warrants”), simultaneously
with the closing of the Offering (and the closing of the Over-allotment Option, if applicable) at a purchase price of $10.00 per Sponsor Private Unit and in connection therewith, will issue and deliver up to an aggregate of 325,000 Sponsor Private
Warrants bearing the legend set forth in Exhibit B hereto; 
 WHEREAS, the Company has entered into that certain
Unit Purchase Agreement, dated as of May 18, 2021 (together with the Sponsor Unit Purchase Agreement, the “Unit Purchase Agreements”), with Oppenheimer & Co. Inc. (“Oppenheimer”) and
William Blair & Company, L.L.C. (“William Blair,” together with Oppenheimer, the “Underwriters”), pursuant to which the Underwriters agreed to purchase an aggregate of 300,000 units of the
Company’s equity securities (or up to 345,000 units if the Over-allotment Option is exercised in full) (the “Underwriter Private Units” and, together with the Sponsor Private Units, the “Private
Units”), each such Underwriter Private Unit comprised of one share of Common Stock and one-half of one warrant to purchase one share of Common Stock at an initial exercise price of
$11.50 per share of Common Stock (the “Underwriter Private Warrants” and, together with the Sponsor Private Warrants, the “Private Warrants”), simultaneously with the closing of the Offering (and the
closing of the Over-allotment Option, if applicable) at a purchase price of $10.00 per Underwriter Private Unit and in connection therewith, will issue and deliver up to an aggregate of 150,000 Underwriter Private Warrants (or up to 172,500
Underwriter Private Warrants if the Over-allotment Option is exercised in full) bearing the legend set forth in Exhibit C hereto; 

WHEREAS, in order to finance the Company’s transaction costs in connection with an intended initial merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business combination, involving the Company and one or more businesses (a “Business Combination”), Sponsor or any of its affiliates, or certain of the Company’s
executive officers or directors may 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 of the Company’s equity securities (the
“Working Capital Units” and, together with the Public Units and the Private Units, the “Units”), each such Working Capital Unit comprised of one share of Common Stock
and one-half of one warrant 

 
to purchase one share of Common Stock at an initial exercise price of $11.50 per share of Common Stock (the “Working Capital Warrants” and, together with the Public
Warrants and the Private Warrants, the “Warrants”), at a price of $10.00 per Working Capital Unit; 
 WHEREAS, 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; 

WHEREAS, the Company has filed with the Securities and Exchange Commission (the “Commission”) a registration statement
on Form S-1, File No. 333-255234 (the “Registration Statement”), and prospectus (the
“Prospectus”) for the registration, under the Securities Act of 1933, as amended (the “Securities Act”), of the Offering; 

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; 
 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, 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 initially be issued in registered form only. 

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

2.3 Registration. 

2.3.1 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 Warrants shall be shown on, and the transfer of such ownership shall be effected through,
records maintained by institutions that have accounts with the Depositary (such institution, with respect to a Warrant in its account, a “Participant”). 

If The Depository Trust Company (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. Notwithstanding anything herein to the contrary, any Warrant, or portion thereof, may be issued
as part of, and be represented by, a Unit. 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.
Certificates representing the Warrants, if issued, shall be signed by, or bear the facsimile signature of, the Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer, Secretary or other executive 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. 
 2.3.2 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, 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. 

2.4 Detachability of Warrants. The Common Stock and Warrants comprising the 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 Oppenheimer and William Blair as representatives of the Underwriters, but in no event shall the Common
Stock and the Warrants comprising the 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. 
 2.5 No
Fractional Warrants Other Than as Part of Units. The Company shall not issue fractional Warrants other than as part of the Units, each of which is comprised of one share of Common Stock
and one-half of one Warrant. If, upon the detachment of Warrants from 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. 
 2.6 Private Warrants and Working Capital
Warrants. The Private Warrants and the Working Capital Warrants shall be identical to the Public Warrants, except that so long as they are held by the Sponsor, an Underwriter or any of their respective Permitted Transferees (as defined below),
the Private Warrants and the Working Capital Warrants: (i) may be exercised for cash or on a cashless basis, pursuant to subsection 3.3.1(c) hereof, (ii) shall be subject to
the Lock-up (as defined below), and (iii) shall not be redeemable by the Company; provided, however, that in the case of (ii), the Private Warrants, the
Working Capital Warrants and any shares of Common Stock held by the Sponsor, the Underwriters or their Permitted Transferees and issued upon exercise of the Private Warrants and the Working Capital Warrants may be transferred by the holders thereof:

 (a) amongst the Sponsor and its affiliates, to the Company’s executive officers or directors, or to any affiliate or family member
of any of the Company’s executive officers or directors; 
 (b) in the case of an entity, as a distribution to its partners,
stockholders or members upon its liquidation; 
 (c) in the case of an individual, (i) by bona fide gift to such person’s
immediate family or to a trust, the beneficiary of which is a member of such person’s immediate family, an affiliate of such person or to a charitable organization, (ii) by virtue of the laws of descent and distribution upon death of such
person, (iii) pursuant to a qualified domestic relations order; 
 (d) by certain pledges to secure obligations incurred in connection
with purchases of the Company’s securities; 
 (e) through private sales or transfers made in connection with the consummation of the
Company’s initial Business Combination at prices no greater than the price at which the Private Warrants were originally purchased; 

 (f) in the case of an Underwriter, to such Underwriter’s affiliates or any entity
controlled by such Underwriter; or 
 (g) to the Company for no value for cancellation in connection with the consummation of the Business
Combination; 
 provided, however, that, in each case (except clause (g)), these transferees (the
“Permitted Transferees”) shall enter into a written agreement with the Company agreeing to be bound by the transfer restrictions agreed to by the original holder in connection with the purchase of the securities being
transferred. 
 For the purposes of this Agreement, the term “Lock-up” means
the restrictions on transfer set forth in Section 7 of the Unit Purchase Agreements. 
 2.7 Exercise Period for
Underwriters. Notwithstanding anything herein to the contrary, any Private Warrants held by the Underwriters or their respective designees or affiliates shall not be exercisable on the date immediately following the fifth anniversary of the
effective date of the Registration Statement. 
 3. Terms and Exercise of Warrants. 

3.1 Exercise Price. Each whole Warrant shall, when countersigned by the Warrant Agent, 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 “Exercise 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 Exercise 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 identical
among 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 after the first date on which the Company completes its initial Business Combination, or (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: (x) the date that is five (5) years after the date on which the Company completes its initial
Business Combination, (y) the liquidation of the Company’s trust account in accordance with the Company’s amended and restated certificate of incorporation, as amended from time to time, if the Company fails to consummate an initial
Business Combination, or (z) other than with respect to the Private Warrants and the Working Capital Warrants to the extent then held by the original purchasers thereof or their Permitted Transferees, 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) (other than with
respect to a Private Warrant or a Working Capital Warrant to the extent then held by the original purchasers thereof or their Permitted Transferees) in the event of a redemption (as set forth
in Section 6 hereof), each Warrant (other than a Private Warrant or a Working Capital Warrant in the event of a redemption to the extent then held by the original purchasers thereof or their Permitted
Transferees) 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 identical in duration among all the Warrants. 

3.3 Exercise of Warrants. 

3.3.1 Payment. Subject to the provisions of the Warrant and this Agreement, a Warrant, when countersigned by the Warrant
Agent, may be exercised by the Registered Holder thereof by surrendering it, at the office of the Warrant Agent, or at the office of its successor as Warrant Agent, in the Borough of Manhattan, City and State of New York, with the subscription form,
as set forth in the Warrant, duly executed, and by paying in full the Exercise 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 shares of 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 shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Warrants, multiplied by the difference between
the Exercise Price and the Fair Market Value, as defined in this subsection 3.3.1(b) by (y) the Fair Market Value. Solely for purposes of this subsection
3.3.1(b) and Section 6.3, the “Fair Market Value” shall mean the average reported last sale price of the Common Stock for the five (5) 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; 

(c) with respect to any Private Warrant or Working Capital Warrant, so long as such Private Warrant or Working Capital Warrant is held by the
Sponsor, the Underwriters or their respective Permitted Transferees, by surrendering such Private Warrants or Working Capital Warrants for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the
number of shares of Common Stock underlying the Warrants, multiplied by the difference between the Exercise Price and the Fair Market Value, as defined in this subsection 3.3.1(c), by (y) the Fair Market Value. Solely for
purposes of this subsection 3.3.1(c), the “Fair Market Value” shall mean the average reported last sale price of the Common Stock for the five (5) trading days ending on the third trading day prior to
the date on which notice of exercise of the Warrant is sent to the Warrant Agent; or 
 (d) 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 Exercise 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, the Company
shall not be obligated to deliver any shares of Common Stock pursuant to the exercise of a Public Warrant and shall have no obligation to settle such Public 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 Public
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 Public 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 Public Warrants. In the event that the conditions in the two immediately preceding sentences are not satisfied with respect to a
Public Warrant, the holder of such Warrant shall not be entitled to exercise such Public Warrant and such Public Warrant may have no value and expire worthless, in which case the purchaser of a Public Unit containing such Public Warrant shall have
paid the full purchase price for the Public Unit solely for the share of Common Stock underlying such Public Unit. In no event will the Company be required to net cash settle the Public Warrant exercise. The Company may require holders of Public
Warrants to settle the Public 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 Exercise 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 (together with such person’s affiliates), to the Warrant Agent’s actual knowledge, would beneficially own in excess of 9.8% (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 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 Securities Exchange Act of 1934, as amended (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 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 Stock Dividends. 

4.1.1 Split-Ups. If after the date hereof, and subject to the provisions
of Section 4.6 below, the number of outstanding shares of Common Stock is increased by a stock dividend payable in shares of Common Stock, or by
a split-up of shares of Common Stock or other similar event, then, on the effective date of such stock dividend, split-up or similar event, the number of shares of Common Stock issuable on
exercise of each Warrant shall be increased in proportion to such increase in the outstanding shares of Common Stock. 
 4.1.2 Extraordinary
Dividends. If the Company, at any time while the Warrants are outstanding and unexpired, shall pay a dividend or make a distribution in cash, securities or other assets to the holders of the Common Stock on account of such shares of Common Stock
(or other shares of the Company’s capital stock into which the Warrants are convertible) (an “Extraordinary Dividend”), then the Exercise 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 Board, in good faith) of any securities or other assets paid on each share of Common Stock in respect of such Extraordinary Dividend; provided, however,
that none of the following shall be deemed an Extraordinary Dividend for purposes of this provision: (a) any adjustment described in subsection 4.1.1 above, (b) 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 does not exceed $0.50 (as 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
Exercise Price or to the number of shares of Common Stock issuable on exercise of each Warrant) but only with respect to the amount of the aggregate cash dividend or cash distribution equal to or less than $0.50, (c) any payment to satisfy the
redemption rights of the holders of the shares of Common Stock in connection with a proposed initial Business Combination or (d) any payment in connection with the Company’s liquidation and the distribution of its assets upon its failure
to consummate a Business Combination. Solely for purposes of illustration, if the Company, at a time while the Warrants are outstanding and unexpired, pays a cash dividend of $0.35 and previously paid an aggregate of $0.40 of cash dividends and cash
distributions on the Common Stock during the 365-day period ending on the date of declaration of such $0.35 dividend, then the Warrant Price will be decreased, effectively immediately after the
effective date of such $0.35 dividend, by $0.25 (the absolute value of the difference between $0.75 (the aggregate amount of all cash dividends and cash distributions paid or made in
such 365-day period, including such $0.35 dividend) and $0.50 (the greater of (x) $0.50 and (y) the aggregate amount of all cash dividends and cash distributions paid or made in such 365-day period prior to such $0.35 dividend)). 
 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. 
 4.3.1 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 Exercise Price shall be adjusted (to the nearest cent) by multiplying such Exercise 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. 
 4.3.2 If (a) the Company issues additional shares of Common Stock or
equity-linked securities for capital raising purposes in connection with the closing of the initial Business Combination at an issue price or effective issue price of less than $9.20 per share of Common Stock (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 Founders or their affiliates, without taking into account any founder shares held by them prior to such issuance), (b) the aggregate gross proceeds from
such issuances represent more than 65% of the total equity proceeds, and interest thereon, available for the funding of the initial Business Combination on the date of the consummation of the initial Business Combination (net of redemptions), and
(c) 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 the initial Business
Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the greater of (i) the Market Value or (ii) the
price at which the Company issues the additional shares of Common Stock or equity-linked securities. 
 4.4 Replacement of Securities upon
Reorganization, etc. In case of any reclassification or reorganization of the outstanding shares of Common Stock (other than a change
under Section 4.1 or Section 4.2 hereof or that solely affects the par value of such shares of Common Stock), or in the case of any merger or consolidation of the
Company with or into another entity or conversion of the Company 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
outstanding shares of Common Stock), or in the case of any sale or conveyance to another 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
holders 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 shares of Common Stock of the Company immediately theretofore purchasable
and receivable upon the exercise of the rights represented thereby, the kind and amount of shares of 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 also results in a change in
shares of Common 

 
Stock covered by Sections 4.1 or 4.2, then such adjustment shall be made pursuant to Sections 4.1, 4.2 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 will the Exercise Price be reduced to less than the par value per share issuable upon exercise of the Warrant. 

4.5 Notices of Changes in Warrant. Upon every adjustment of the Exercise Price or the number of shares of Common Stock
issuable upon exercise of a Warrant, the Company shall give written notice thereof to the Warrant Agent, which notice shall state the Exercise Price resulting from such adjustment and the increase or decrease, if any, in the number of shares of
Common Stock 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 or 4.4, 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. 

4.6 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. 

4.7 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 Exercise 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. 

4.8 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, provided, however, that under no circumstances shall the Warrants
be adjusted pursuant to this Section 4.8 as a result of any issuance of securities in connection with the initial Business Combination. The Company shall adjust the terms of the Warrants in a manner that is
consistent with any adjustment recommended in such opinion. 
 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, 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 Warrants and the Working Capital
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. 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 Transfer of Warrants. Prior to the
Detachment Date, the 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. 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 of $0.01 per Warrant (the “Redemption Price”), provided that the last sales price of the Common Stock reported has been at least $18.00 per share
(subject to adjustment in compliance with Section 4 hereof), on each of twenty (20) trading days within the thirty (30) trading-day period ending
on the third Business 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 Public 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 Public 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. In the event that the Company elects to redeem all of the Warrants, 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 (such 30-day period, the “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. 

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. 

6.4 Exclusion of Private Warrants and Working Capital Warrants. The Company agrees that the redemption rights provided in
this Section 6 shall not apply to the Private Warrants or the Working Capital Warrants if at the time of the redemption such Private Warrants or Working Capital Warrants continue to be held by the Sponsor,
the Underwriters or their respective Permitted Transferees. However, once such Private Warrants or Working Capital Warrants are transferred (other than to Permitted Transferees under Section 2.6), the Company
may redeem the Private Warrants and the Working Capital Warrants, provided that the criteria for redemption are met, including the opportunity of the holder of such Private Warrants or Working Capital Warrants to exercise the Private Warrants and
the Working Capital Warrants prior to redemption pursuant to Section 6.3. Private Warrants and Working Capital Warrants that are transferred to persons other than Permitted Transferees shall upon such transfer
cease to be Private Warrants and shall become Public Warrants under this Agreement. 

 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 stockholders 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 fifteen
(15) Business Days after the closing of its initial Business Combination, it shall use its best efforts to file with the Commission a registration statement for the registration, under the Securities Act, of the shares of Common Stock issuable
upon exercise of the Warrants. The Company shall use its best efforts to cause the same to become effective and to maintain the effectiveness of such registration statement, and a current prospectus relating thereto, until the expiration of the
Warrants in accordance with the provisions of this Agreement. If any such registration statement has not been declared effective by the 90th day following the closing of the Business Combination, holders of the Warrants shall have the right, during
the period beginning on the 91st 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 shares of 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 any successor rule) or another exemption) for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Warrants, multiplied by the
difference between the Exercise Price and the Fair Market Value (as defined below) 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 five (5) 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 Public 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 shares of 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 (or any successor rule)) 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 any doubt, unless and until all of the Warrants have been exercised, the Company shall continue to be obligated to comply with its registration obligations under the first three sentences
of this subsection 7.4.1. 
 7.4.2 Cashless Exercise at Company’s Option. If the Common Stock is at the time of
any exercise of a 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 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 President, Chief Executive Officer 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. 

8.5 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. 
 8.6 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: 

GigInternational1, Inc. 
 1731
Embarcadero Rd., Suite 200 
 Palo Alto, CA 94303 

Attn: Dr. Raluca Dinu 
 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 Plaza, 30th Floor 

New York, NY 10004 
 Attention:
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, including under the Securities Act, shall be brought and enforced in the courts of the State of New York
or the United States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be the exclusive forum for any such action, proceeding or claim. Subject to applicable law, 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 of 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 his Warrant for inspection by it. 
 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 Exercise Price
or shorten the Exercise Period and any amendment to the terms of only the Private Warrants or Working Capital Warrants, shall require the vote or written consent of the Registered Holders of 50% of the then outstanding Public Warrants. Any amendment
solely to the Private Warrants or the Working Capital Warrants shall also require the vote or written consent of a majority of the holders of the then-outstanding Private Warrants or the Working Capital Warrants, as applicable. Notwithstanding the
foregoing, the Company may lower the Exercise 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. 

 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. 

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

			
	GIGINTERNATIONAL1, INC.

 
			
		
	By	 	 /s/ Raluca Dinu

	Name:	 	Dr. Raluca Dinu
	Title:	 	Chief Executive Officer, President, and Secretary

 
			
	
	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Warrant Agent

 
			
		
	By	 	 /s/ Isaac Kagan

	Name:	 	Isaac J. Kagan
	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 

GIGINTERNATIONAL1, INC. 

Incorporated Under the Laws of the State of Delaware 

CUSIP 37518W 114 
 Warrant
Certificate 
 This Warrant Certificate certifies
that                , or its registered assigns, is the registered holder of
                 warrant(s) evidenced hereby (the “Warrants” and each, a “Warrant”)
to purchase shares of Common Stock, $0.0001 par value (“Common Stock”), of GigInternational1, Inc., a Delaware corporation (the “Company”). Each whole 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 non-assessable shares of
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 whole Warrant is initially exercisable for one fully
paid and non-assessable share of Common Stock. No fractional shares will 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 will, upon exercise, round down to the nearest whole number the number of shares of Common Stock to be issued to the Warrant holder. The number of shares of Common Stock issuable upon
exercise of the Warrants is subject to adjustment upon the occurrence of certain events 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 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. 
 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, without regard to conflicts of laws principles thereof. 
  

			
	GIGINTERNATIONAL1, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	CONTINENTAL STOCK TRANSFER & TRUST COMPANY as Warrant Agent
		
	By:	 	  

	Name:	 	
	Title:	 	

 [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 May 18, 2021 (the “Warrant Agreement”),
duly executed and delivered by the Company to Continental Stock Transfer & Trust Company, a New York corporation, 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) 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 shares of Common Stock to be issued upon exercise is effective under the Securities Act and (ii) a prospectus thereunder relating to the shares of 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 shares 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 shares of Common Stock to be issued to the holder of the Warrant. 

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                 shares of Common Stock and herewith tenders payment for such shares of Common Stock to the order of GigInternational1, Inc.
(the “Company”) in the amount of $                in accordance with the terms hereof. The undersigned requests that a
certificate for such shares of Common Stock be registered in the name of                 , whose address is
                and that such shares of Common Stock be delivered to
                whose address is                 . If said number of shares of Common
Stock is less than all of the shares of Common Stock purchasable hereunder, the undersigned requests that a new Warrant Certificate representing the remaining balance of such shares of 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 has been called for redemption by the Company pursuant to Section 6 of the Warrant
Agreement and the Company has required cashless exercise pursuant to Section 6.3 of the Warrant Agreement, the number of shares of Common Stock that this Warrant is exercisable for shall be determined in accordance
with subsection 3.3.1(b) and Section 6.3 of the Warrant Agreement. 
 In the event that the
Warrant is a Private Warrant or Working Capital Warrant that is to be exercised on a “cashless” basis pursuant to subsection 3.3.1(c) of the Warrant Agreement, the number of shares of Common Stock that this
Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(c) of the Warrant Agreement. 

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 shares 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 shares 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 shares of Common Stock. If said number of shares is less than all
of the shares of 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 shares of 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:                ,
2021                 
  

	
	 (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 (OR ANY SUCCESSOR RULE)). 

 EXHIBIT B 

LEGEND 
 THE SECURITIES REPRESENTED HEREBY HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF
EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT AND SUCH LAWS WHICH, IN THE OPINION OF COUNSEL FOR THIS CORPORATION, IS AVAILABLE. 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO LOCKUP PURSUANT TO A UNIT PURCHASE AGREEMENT BETWEEN GIGINTERNATIONAL1, INC. AND
GIGINTERNATIONAL1 SPONSOR, LLC AND MAY ONLY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED DURING THE TERM OF THE LOCKUP PURSUANT TO THE TERMS SET FORTH IN THE UNIT PURCHASE AGREEMENT. 

 EXHIBIT C 

LEGEND 
 THE SECURITIES REPRESENTED HEREBY HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF
EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT AND SUCH LAWS WHICH, IN THE OPINION OF COUNSEL FOR THIS CORPORATION, IS AVAILABLE. 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO LOCKUP PURSUANT TO A UNIT PURCHASE AGREEMENT BETWEEN GIGINTERNATIONAL1, INC. AND THE SUBSCRIBERS
NAMED THEREIN AND MAY ONLY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED DURING THE TERM OF THE LOCKUP PURSUANT TO THE TERMS SET FORTH IN THE UNIT PURCHASE AGREEMENT.

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