Document:

Exhibit
10.2

 

STOCK
PURCHASE AGREEMENT

 

This
Stock Purchase Agreement (this “Agreement”), dated as of December 21, 2020, is by and among KBS Fashion Group
Limited, a corporation organized under the laws of the Marshall Islands (the “Company”), and Sun Lei, and individual
(the “Purchaser”). Each of the parties to this Agreement is individually referred to herein as a “Party”
and collectively as the “Parties.”

 

BACKGROUND

 

The
Purchaser has agreed to acquire, and the Company has agreed to sell and issue to the Purchaser, a total of 233,217 shares of the
Company’s common stock, par value $0.0001 per share (the “Company Shares”) in exchange for Purchaser’s
payment of all Public Company Expenses for the next two (2) years, as more fully described herein.

 

NOW
THEREFORE, for good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the Parties hereto
intending to be legally bound hereby agree as follows:

 

AGREEMENT

 

ARTICLE
I

 

Purchase
of Shares

 

SECTION
1.01. Issuance of Company Shares; Financial Commitment of Purchaser. At the Closing (as defined in Section 1.02), the
Company shall issue, sell, and deliver to the Purchaser the Company Shares free and clear of all Liens. In exchange for the Company
Shares, the Purchaser shall be irrevocably bound, and hereby promises to pay as when due and required, the following expenses
(each such expense, a “Public Company Expense”) to be incurred by the Company for the two (2) years following
the date of the Agreement. “Public Company Expense” means expenses incurred in connection with compliance with the
requirements of the Sarbanes-Oxley Act of 2002, the Securities Act of 1933 and the Securities Exchange Act of 1934 and the rules
and regulations promulgated thereunder, as applicable to companies with equity or debt securities held by the public, or the rules
of national securities exchanges applicable to companies with listed equity or debt securities, and (c) any other expenses attributable
to the status of KBS as a public company, including expenses relating to investor relations, shareholder meetings and reports
to shareholders or debtholders, independent directors’ fees, directors’ and officer’s insurance and other executive
costs, legal, audit and other professional fees and listing and filing fees. In no event, shall the total amount of Public Company
Expense that the Purchaser is responsible to pay under this Agreement be less than $600,000 or more than $700,000.

 

For
each Public Company Expense for which the Purchaser is responsible hereunder, the Company shall provide the Purchaser not less
than ten (10) days advance written notice of the expense, and shall furnish the Purchaser with such invoice(s), contract(s), and
such other documentation and details regarding the expense item as the Purchaser may reasonably request. With regard to any Public
Company Expense to which the Purchaser objects (either with regard to the amount or nature of the expense), the Purchaser shall
meet and confer with a committee consisting solely of the independent (as defined by Nasdaq Rule 5605(a)(2)) members of the Board
of Directors of the Company (the “Special Committee”) within seven (7) days after receiving such written notice of
expense, and the committee of independent directors of the Company shall, within five (5) days of such conference with the Purchaser,
by resolution or resolutions passed by a majority of members of the Special Committee, issue a final and binding decision regarding
the applicable Public Company Expense and the Purchaser’s responsibility therefor under this Agreement (such date of issue,
the “Decision Date”). If requested by the decision, the Purchaser has the obligation to pay such Public Company Expense
within 5 days following the Decision Date.

 

     

     

    

  

Notwithstanding
the foregoing, with regard to all Public Company Expenses related to the preparation and filing of the Company’s Annual
Report on Form 20-F for the fiscal year ended December 31, 2020: (a) the Purchaser shall be responsible for all Public Company
Expenses related to the preparation, auditing, and related disclosures relating to the financial statements of Flower Crown Holding
(a Cayman Islands corporation to be acquired by the Company concurrently herewith); and (b) the Company shall be responsible for
all Public Company Expenses related to the preparation, auditing, and related disclosures relating to the financial statements
of the Company not related to Flower Crown Holding.

 

SECTION
1.02. Closing. The closing (the “Closing”) of the transactions contemplated by this Agreement (the
“Transactions”) shall take place at such location to be determined by the Company and Purchaser, commencing
upon the satisfaction or waiver of all conditions and obligations of the Parties to consummate the Transactions contemplated hereby
(other than conditions and obligations with respect to the actions that the respective Parties will take at Closing) or such other
date and time as the Parties may mutually determine (the “Closing Date”).

 

SECTION
1.03. Vesting Schedule For Company Shares; Escrow. Upon the Closing, the Company Shares shall be issued in the name
of the Purchaser and stock certificates representing the Company Shares in four (4) equal denominations shall be delivered to
an escrow agent to be mutually selected by the Company and the Purchaser. For so long as Purchaser is not in breach of its obligations
as set forth in Section 1.01, the Company Shares shall vest in four (4) equal installments, and be released in part upon vesting,
as follows:

 

		●	58,304
                                         Company Shares shall vest and be released from escrow at the six-month anniversary date
                                         of the Closing Date

 

		●	58,304
                                         Company Shares shall vest and be released from escrow at the twelve-month anniversary
                                         date of the Closing Date

 

		●	58,304
                                         Company Shares shall vest and be released from escrow at the eighteen-month anniversary
                                         date of the Closing Date

 

		●	58,305
                                         Company Shares shall vest and be released from escrow at the twenty-four-month anniversary
                                         date of the Closing Date

 

    2

     

    

 

Upon
the vesting date of each tranche of Company Shares as set forth above, the Special Committee shall instruct the escrow agent to
release and deliver to the Purchaser a stock certificate representing the vested Company Shares. With regard to any Company Shares
which are not vested in accordance with the schedule set forth above, the Purchaser will not, directly or indirectly: offer, sell,
offer to sell, contract to sell, hedge, pledge, sell any option or contract to purchase, purchase any option or contract to sell,
grant any option, right or warrant to purchase or sell (or announce any offer, sale, offer of sale, contract of sale, hedge, pledge,
sale of any option or contract to purchase, purchase of any option or contract of sale, grant of any option, right or warrant
to purchase or other sale or disposition), or otherwise transfer or dispose of (or enter into any transaction or device that is
designed to, or could be expected to, result in the disposition by any person at any time in the future), any of the unvested
Company Shares. Upon their vesting and release from escrow to the Purchaser, the Company Shares shall free from any restrictions
on their sale, encumbrance, or transfer, except for such restrictions as are imposed by applicable securities laws.

 

If,
upon the occurrence of a vesting date set forth above, the Purchaser is not in compliance with its obligations as set forth in
Section 1.01 as determined by the Special Committee, the applicable tranche of Company Shares shall not vest, and shall not be
released from escrow, until such time as Purchaser has made all payments required at that time under Section 1.01. Notwithstanding
anything to the contrary hereunder, in any event, if the Purchaser fails to cure any breach within 30 days following the Decision
Date, such applicable tranche of Company Shares shall be cancelled and retired.

 

SECTION
1.04. Voting and Dividends For Unvested Company Shares. So long as the Purchaser is not in breach of its obligations
as set forth in Section 1.01, the Purchaser may vote and give consents, ratifications, and waivers with respect to, any and all
unvested Company Shares. In addition, so long as the Purchaser is not in breach of its obligations as set forth in Section 1.01,
the Purchaser shall receive and retain all cash dividends and other distributions with respect to any and all unvested Company
Shares.

 

ARTICLE
II

 

Representations and Warranties of the Purchaser

 

The
Purchaser hereby represents and warrants to the Company as of the date hereof and the Closing Date, as follows:

 

SECTION
2.01. Organization; Authority. Purchaser is either an individual or an entity duly incorporated or formed, validly existing
and in good standing under the laws of the jurisdiction of its incorporation or formation with full right, corporate, partnership,
limited liability company or similar power and authority to enter into and to consummate the Transactions and otherwise to carry
out its obligations hereunder. The execution and delivery of this Agreement and performance of the Transactions have been duly
authorized by all necessary corporate, partnership, limited liability company or similar action, as applicable, on the part of
the Purchaser. This Agreement has been duly executed by the Purchaser, and when delivered by the Purchaser in accordance with
the terms hereof, will constitute the valid and legally binding obligation of the Purchaser, enforceable against it in accordance
with its terms, except: (i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization,
moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by
laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (iii) insofar as
indemnification and contribution provisions may be limited by applicable law.

 

    3

     

    

 

SECTION
2.02. Purchase Entirely for Own Account. The Company Shares proposed to be acquired by the Purchaser hereunder will
be acquired for investment for her own account, and not with a view to the resale or distribution of any part thereof, and the
Purchaser has no present intention of selling or otherwise distributing the Company Shares, except in compliance with applicable
securities laws.

 

SECTION
2.03. Available Information. The Purchaser has such knowledge and experience in financial and business matters that
she is capable of evaluating the merits and risks of an investment in the Company.

 

SECTION
2.04. Non-Registration. The Purchaser understands that the Company Shares have not been registered under the Securities
Act of 1933, as amended (the “Securities Act”) and, if issued in accordance with the provisions of this Agreement,
will be issued by reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among
other things, the bona fide nature of the investment intent and the accuracy of the Purchaser’s representations as expressed
herein.

 

SECTION
2.05. Restricted Securities. The Purchaser understands that the Company Shares are characterized as “restricted
securities” under the Securities Act inasmuch as this Agreement contemplates that, if acquired by the Purchaser pursuant
hereto, the Company Shares would be acquired in a transaction not involving a public offering. The Purchaser further acknowledges
that if the Company Shares are issued to the Purchaser in accordance with the provisions of this Agreement, such Company Shares
may not be resold without registration under the Securities Act or the existence of an exemption therefrom. The Purchaser represents
that she is familiar with Rule 144 promulgated under the Securities Act, as presently in effect, and understands the resale limitations
imposed thereby and by the Securities Act.

 

SECTION
2.06. Legends. It is understood that the Company Shares will bear the following legend or another legend that is similar
to the following:

 

THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE
SECURITIES LAWS. THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE,
SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT
OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL, IN A FORM ACCEPTABLE TO THE COMPANY, THAT
REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID
ACT.

 

and
any legend required by the “blue sky” laws of any state to the extent such laws are applicable to the securities represented
by the certificate so legended.

 

    4

     

    

 

SECTION
2.07. Purchaser Status and General Solicitation. If the Purchaser is a U.S. Person (as such term is defined in Rule
902(k) of Regulation S), at the time such Purchaser was offered the Company Shares, she was, and at the date hereof it is, an
“accredited investor” as defined in Rule 501(a) under the Securities Act. If the Purchaser is not a U.S. Person, the
Purchaser (i) acknowledges that the certificates representing or evidencing the Company Shares contain a customary restrictive
legend restricting the offer, sale or transfer of any Company Shares except in accordance with the provisions of Regulation S,
pursuant to registration under the Securities Act, or pursuant to an available exemption from registration, (ii) agrees that all
offers and sales by the Purchaser of Company Shares shall be made pursuant to an effective registration statement under the Securities
Act or pursuant to an exemption from, or a transaction not subject to the registration requirements of, the Securities Act, (iii)
represents that the offer to purchase the Company Shares was made to the Purchaser outside of the United States, and the Purchaser
was, at the time of the offer and will be, at the time of the sale and is now, outside the United States, (iv) has not engaged
in or directed any unsolicited offers to purchase Company Shares in the United States, (v) is neither a U.S. Person nor a Distributor
(as such terms are defined in Rule 902(k) and 902(d), respectively, of Regulation S), (vi) has purchased the Company Shares for
her own account and not for the account or benefit of any U.S. Person, (vii) is the sole beneficial owner of the Company Shares
specified on signature pages hereto opposite its name and has not pre-arranged any sale with an investor in the United States,
and (ix) is familiar with and understands the terms and conditions and requirements contained in Regulation S, specifically, without
limitation, Purchaser understands that the statutory basis for the exemption claimed for the sale of the Company Shares would
not be present if the sale, although in technical compliance with Regulation S, is part of a plan or scheme to evade the registration
provisions of the Securities Act. In addition, the Purchaser is not purchasing the Company Shares as a result of any advertisement,
article, notice or other communication regarding the Company Shares published in any newspaper, magazine or similar media or broadcast
over television or radio or presented at any seminar or any other general solicitation or general advertisement. The Purchaser
has completed and executed the Regulation S Representation Letter attached as Exhibit A to this Agreement. 

 

ARTICLE
III

 

Representations and Warranties of the Company

 

The
Company represents and warrants as follows to the Purchaser as of the date hereof and the Closing Date, that, except as set forth
in the reports, schedules, forms, statements and other documents filed by the Company with the SEC and publicly available prior
to the date of the Agreement (the “Company SEC Documents”) or specifically referenced on a disclosure schedule
(the “Company Disclosure Schedules”):

 

    5

     

    

 

SECTION
3.01. Organization, Standing and Power. The Company is duly organized, validly existing and in good standing under the
laws of the Marshall Islands and has full corporate power and authority and possesses all governmental franchises, licenses, permits,
authorizations and approvals necessary to enable it to own, lease or otherwise hold its properties and assets and to conduct its
businesses as presently conducted, other than such franchises, licenses, permits, authorizations and approvals the lack of which,
individually or in the aggregate, has not had and would not reasonably be expected to have a material adverse effect on the Company,
a material adverse effect on the ability of the Company to perform its obligations under this Agreement or on the ability of the
Company to consummate the Transactions (a “Company Material Adverse Effect”). The Company is duly qualified
to do business in each jurisdiction where the nature of its business or their ownership or leasing of its properties make such
qualification necessary and where the failure to so qualify would reasonably be expected to have a Company Material Adverse Effect.
The Company has delivered to the Company true and complete copies of the articles of incorporation of the Company, as amended
to the date of this Agreement (as so amended, the “Company Charter”), and the Bylaws of the Company, as amended
to the date of this Agreement (as so amended, the “Company Bylaws”).

 

SECTION
3.02. Subsidiaries; Equity Interests. Except as set forth in the Company SEC Documents, the Company does not own, directly
or indirectly, any capital stock, membership interest, partnership interest, joint venture interest or other equity interest in
any person.

 

SECTION
3.03. Capital Structure. The authorized capital stock of the Company consists of One Hundred Fifty Million (150,000,000)
shares of common stock, par value US$0.0001 per share and Five Million (5,000,000) shares of preferred stock with a par value
of US $0.0001. Except as set forth in the Company SEC Documents, no other shares of capital stock or other voting securities of
the Company were issued, reserved for issuance or outstanding. All outstanding shares of the capital stock of the Company are,
and all such shares that may be issued prior to the date hereof will be when issued, duly authorized, validly issued, fully paid
and non-assessable and not subject to or issued in violation of any purchase option, call option, right of first refusal, preemptive
right, subscription right or any similar right under any provision of the laws of the Marshall Islands, the Company Charter, the
Company Bylaws or any Contract to which the Company is a party or otherwise bound. Except as set forth in the SEC Documents, there
are no bonds, debentures, notes or other indebtedness of the Company having the right to vote (or convertible into, or exchangeable
for, securities having the right to vote) on any matters on which holders of Company Stock may vote (“Voting Company
Debt”). Except in connection with the Transactions or as described in the SEC Documents, as of the date of this Agreement,
there are no options, warrants, rights, convertible or exchangeable securities, “phantom” stock rights, stock appreciation
rights, stock-based performance units, commitments, Contracts, arrangements or undertakings of any kind to which the Company is
a party or by which it is bound (i) obligating the Company to issue, deliver or sell, or cause to be issued, delivered or sold,
additional shares of capital stock or other equity interests in, or any security convertible or exercisable for or exchangeable
into any capital stock of or other equity interest in, the Company or any Voting Company Debt, (ii) obligating the Company to
issue, grant, extend or enter into any such option, warrant, call, right, security, commitment, Contract, arrangement or undertaking
or (iii) that give any person the right to receive any economic benefit or right similar to or derived from the economic benefits
and rights occurring to holders of the capital stock of the Company. As of the date of this Agreement, there are no outstanding
contractual obligations of the Company to repurchase, redeem or otherwise acquire any shares of capital stock of the Company.
Other than as set forth in the SEC Documents, the Company is not a party to any agreement granting any security holder of the
Company the right to cause the Company to register shares of the capital stock or other securities of the Company held by such
security holder under the Securities Act. The stockholder list provided to the Company is a current stockholder list generated
by its stock transfer agent, and such list accurately reflects all of the issued and outstanding shares of the Company Stock as
at the Closing.

 

    6

     

    

 

SECTION
3.04. Authority; Execution and Delivery; Enforceability. The execution and delivery by the Company of this Agreement
and the consummation by the Company of the Transactions have been duly authorized and approved by the Board of Directors of the
Company and no other corporate proceedings on the part of the Company are necessary to authorize this Agreement and the Transactions.
This Agreement constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in accordance
with the terms hereof.

 

SECTION
3.05. No Conflicts; Consents.

 

(a) The
execution and delivery by the Company of this Agreement, does not, and the consummation of Transactions and compliance with the
terms hereof and thereof will not, conflict with, or result in any violation of or default (with or without notice or lapse of
time, or both) under, or give rise to a right of termination, cancellation or acceleration of any obligation or to loss of a material
benefit under, or to increased, additional, accelerated or guaranteed rights or entitlements of any person under, or result in
the creation of any Lien upon any of the properties or assets of the Company under, any provision of (i) the Company Charter or
Company Bylaws, (ii) any material Contract to which the Company is a party or by which any of its properties or assets is bound
or (iii) subject to the filings and other matters referred to in Section 4.05(b), any material Judgment or material Law applicable
to the Company or its properties or assets, other than, in the case of clauses (ii) and (iii) above, any such items that, individually
or in the aggregate, have not had and would not reasonably be expected to have a Company Material Adverse Effect.

 

(b) No
Consent of, or registration, declaration or filing with, or permit from, any Governmental Entity is required to be obtained or
made by or with respect to the Company in connection with the execution, delivery and performance of this Agreement or the consummation
of the Transactions, other than the (A) filing with the SEC of a report on Form 6-K disclosing the Transactions contemplated hereby,
including all required exhibits thereto; (B) filings under state “blue sky” laws, as each may be required in connection
with this Agreement and the Transactions; and (C) the listing of the Company Shares with The NASDAQ Capital Market pursuant to
a Listing of Additional Shares Notification with The NASDAQ Stock Market LLC (“NASDAQ Listing Approval”).

 

SECTION
3.06. SEC Documents; Undisclosed Liabilities.

 

(a) The
Company has filed all Company SEC Documents for the prior two years, pursuant to Sections 13 and 15 of the Exchange Act, as applicable.

 

    7

     

    

 

(b) As
of its respective filing date, each Company SEC Document complied in all material respects with the requirements of the Exchange
Act and the rules and regulations of the SEC promulgated thereunder applicable to such Company SEC Document, and did not contain
any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to
make the statements therein, in light of the circumstances under which they were made, not misleading. Except to the extent that
information contained in any Company SEC Document has been revised or superseded by a later filed Company SEC Document, none of
the Company SEC Documents contains any untrue statement of a material fact or omits to state any material fact required to be
stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made,
not misleading. The financial statements of the Company included in the Company SEC Documents comply as to form in all material
respects with applicable accounting requirements and the published rules and regulations of the SEC with respect thereto, have
been prepared in accordance with the International Financial Reporting Standards (“IFRS”) (except, in the case of
unaudited statements, as permitted by the rules and regulations of the SEC) applied on a consistent basis during the periods involved
(except as may be indicated in the notes thereto) and fairly present the financial position of Company as of the dates thereof
and the results of its operations and cash flows for the periods shown (subject, in the case of unaudited statements, to normal
year-end audit adjustments).

 

(c) Except
as set forth in the Company SEC Documents, the Company has no liabilities or obligations of any nature (whether accrued, absolute,
contingent or otherwise) required by IFRS to be set forth on a balance sheet of the Company or in the notes thereto. The Company
SEC Documents sets forth all financial and contractual obligations and liabilities (including any obligations to issue capital
stock or other securities of the Company) due after the date hereof.

 

SECTION
3.07. Information Supplied. None of the information supplied or to be supplied by the Company for inclusion or incorporation
by reference in any Company SEC Document or report contains any untrue statement of a material fact or omits to state any material
fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which
they are made, not misleading.

 

SECTION
3.08. Absence of Certain Changes or Events. Except as disclosed in the filed Company SEC Documents, from the date of
the most recent audited financial statements included in the filed Company SEC Documents to the date of this Agreement, the Company
has conducted its business only in the ordinary course, and during such period there has not been:

 

(a) any
change in the assets, liabilities, financial condition or operating results of the Company from that reflected in the Company
SEC Documents, except changes in the ordinary course of business that have not caused, in the aggregate, a Company Material Adverse
Effect;

 

(b) any
damage, destruction or loss, whether or not covered by insurance, that would have a Company Material Adverse Effect;

 

(c) any
waiver or compromise by the Company of a valuable right or of a material debt owed to it;

 

(d) any
satisfaction or discharge of any Lien, claim, or encumbrance or payment of any obligation by the Company, except in the ordinary
course of business and the satisfaction or discharge of which would not have a Company Material Adverse Effect;

 

    8

     

    

 

(e) any
material change to a material Contract by which the Company or any of its assets is bound or subject;

 

(f) any
material change in any compensation arrangement or agreement with any employee, officer, director or stockholder;

 

(g) any
resignation or termination of employment of any officer of the Company;

 

(h) any
mortgage, pledge, transfer of a security interest in, or Lien, created by the Company, with respect to any of its material properties
or assets, except liens for taxes not yet due or payable and liens that arise in the ordinary course of business and do not materially
impair the Company’s ownership or use of such property or assets;

 

(i) any
loans or guarantees made by the Company to or for the benefit of its employees, officers or directors, or any members of their
immediate families, other than travel advances and other advances made in the ordinary course of its business;

 

(j) any
declaration, setting aside or payment or other distribution in respect of any of the Company’s capital stock, or any direct
or indirect redemption, purchase, or other acquisition of any of such stock by the Company;

 

(k) any
alteration of the Company’s method of accounting or the identity of its auditors;

 

(l) any
issuance of equity securities to any officer, director or affiliate, except pursuant to existing Company stock option plans; or

 

(m) any
arrangement or commitment by the Company to do any of the things described in this Section 4.08.

 

SECTION
3.09. Taxes.

 

(a) The
Company has timely filed, or has caused to be timely filed on its behalf, all Tax Returns required to be filed by it, and all
such Tax Returns are true, complete and accurate, except to the extent any failure to file, any delinquency in filing or any inaccuracies
in any filed Tax Returns, individually or in the aggregate, have not had and would not reasonably be expected to have a Company
Material Adverse Effect. All Taxes shown to be due on such Tax Returns, or otherwise owed, has been timely paid, except to the
extent that any failure to pay, individually or in the aggregate, has not had and would not reasonably be expected to have a Company
Material Adverse Effect.

 

(b) The
most recent financial statements contained in the Company SEC Documents reflect an adequate reserve for all Taxes payable by the
Company (in addition to any reserve for deferred Taxes to reflect timing differences between book and Tax items) for all Taxable
periods and portions thereof through the date of such financial statements. No deficiency with respect to any Taxes has been proposed,
asserted or assessed against the Company, and no requests for waivers of the time to assess any such Taxes are pending, except
to the extent any such deficiency or request for waiver, individually or in the aggregate, has not had and would not reasonably
be expected to have a Company Material Adverse Effect.

 

    9

     

    

 

(c) There
are no Liens for Taxes (other than for current Taxes not yet due and payable) on the assets of the Company. The Company is not
bound by any agreement with respect to Taxes.

 

SECTION
3.10. Absence of Changes in Benefit Plans. From the date of the most recent audited financial statements included in
the Company SEC Documents to the date of this Agreement, there has not been any adoption or amendment in any material respect
by Company of any collective bargaining agreement or any bonus, pension, profit sharing, deferred compensation, incentive compensation,
stock ownership, stock purchase, stock option, phantom stock, retirement, vacation, severance, disability, death benefit, hospitalization,
medical or other plan, arrangement or understanding (whether or not legally binding) providing benefits to any current or former
employee, officer or director of Company (collectively, “Company Benefit Plans”). Except as set forth in the
Company SEC Documents, as of the date of this Agreement there are not any employment, consulting, indemnification, severance or
termination agreements or arrangements between the Company and any current or former employee, officer or director of the Company,
nor does the Company have any general severance plan or policy.

 

SECTION
3.11. ERISA Compliance; Excess Parachute Payments. The Company does not, and since its inception never has, maintained,
or contributed to any “employee pension benefit plans” (as defined in Section 3(2) of ERISA), “employee welfare
benefit plans” (as defined in Section 3(1) of ERISA) or any other Company Benefit Plan for the benefit of any current or
former employees, consultants, officers or directors of Company.

 

SECTION
3.12. Litigation. Except as disclosed in the Company SEC Documents, there is no Action which (i) adversely affects or
challenges the legality, validity or enforceability of any of this Agreement or the Company Stock or (ii) could, if there were
an unfavorable decision, individually or in the aggregate, have or reasonably be expected to result in a Company Material Adverse
Effect. Neither the Company nor any director or officer thereof (in his or her capacity as such), is or has been the subject of
any Action involving a claim or violation of or liability under federal or state securities laws or a claim of breach of fiduciary
duty.

 

SECTION
3.13. Compliance with Applicable Laws. Except as disclosed in the Company SEC Documents, the Company is in compliance
with all applicable Laws, including those relating to occupational health and safety, the environment, export controls, trade
sanctions and embargoes, except for instances of noncompliance that, individually and in the aggregate, have not had and would
not reasonably be expected to have a Company Material Adverse Effect. Except as set forth in the Company SEC Documents, the Company
has not received any written communication during the past two years from a Governmental Entity that alleges that the Company
is not in compliance in any material respect with any applicable Law. the Company is in compliance with all effective requirements
of the Sarbanes-Oxley Act of 2002, as amended, and the rules and regulations thereunder, that are applicable to it, except where
such noncompliance could not have or reasonably be expected to result in a Company Material Adverse Effect.

 

    10

     

    

 

SECTION
3.14. Contracts. Except as disclosed in the Company SEC Documents, there are no Contracts that are material to the business,
properties, assets, condition (financial or otherwise), results of operations or prospects of the Company taken as a whole. The
Company is not in violation of or in default under (nor does there exist any condition which upon the passage of time or the giving
of notice would cause such a violation of or default under) any Contract to which it is a party or by which it or any of its properties
or assets is bound, except for violations or defaults that would not, individually or in the aggregate, reasonably be expected
to result in a Company Material Adverse Effect.

 

SECTION
3.15. Title to Properties. The Company has good title to, or valid leasehold interests in, all of its properties and
assets used in the conduct of its businesses. All such assets and properties, other than assets and properties in which the Company
has leasehold interests, are free and clear of all Liens and except for Liens that, in the aggregate, do not and will not materially
interfere with the ability of the Company to conduct business as currently conducted. The Company has complied in all material
respects with the terms of all material leases to which it is a party and under which it is in occupancy, and all such leases
are in full force and effect. The Company enjoys peaceful and undisturbed possession under all such material leases.

 

SECTION
3.16. Intellectual Property. The Company owns, or is validly licensed or otherwise has the right to use, all Intellectual
Property Rights which are material to the conduct of the business of the Company taken as a whole. No claims are pending or, to
the knowledge of the Company, threatened that the Company is infringing or otherwise adversely affecting the rights of any person
with regard to any Intellectual Property Right. To the knowledge of the Company, no person is infringing the rights of the Company
with respect to any Intellectual Property Right.

 

SECTION
3.17. Labor Matters. There are no collective bargaining or other labor union agreements to which the Company is a party
or by which it is bound. No material labor dispute exists or, to the knowledge of the Company, is imminent with respect to any
of the employees of the Company.

 

SECTION
3.18. Transactions With Affiliates and Employees. Except as set forth in the Company SEC Documents, none of the officers
or directors of the Company and, to the knowledge of the Company, none of the employees of the Company is presently a party to
any material transaction with the Company or any subsidiary (other than for services as employees, officers and directors), including
any contract, agreement or other arrangement providing for the furnishing of services to or by, providing for rental of real or
personal property to or from, or otherwise requiring payments to or from any officer, director or such employee or, to the knowledge
of the Company, any entity in which any officer, director, or any such employee has a substantial interest or is an officer, director,
trustee or partner.

 

SECTION
3.19. Application of Takeover Protections. The Company has taken all necessary action, if any, in order to render inapplicable
any control share acquisition, business combination, poison pill (including any distribution under a rights agreement) or other
similar anti-takeover provision under the Company’s charter documents or the laws of its state of incorporation that is
or could become applicable to the Purchaser as a result of the Purchaser and the Company fulfilling their obligations or exercising
their rights under this Agreement, including, without limitation, the issuance of the Company Stock and the Purchaser’s
ownership of the Company Stock.

 

    11

     

    

 

SECTION
3.20. No Additional Agreements. The Company does not have any agreement or understanding with the Purchaser with respect
to the Transactions other than as specified in this Agreement.

 

SECTION
3.21. Investment Company. The Company is not, and is not an affiliate of, and immediately following the Closing will
not have become, an “investment company” within the meaning of the Investment Company Act of 1940, as amended.

 

SECTION
3.22. Disclosure. The Company confirms that neither it nor any person acting on its behalf has provided any Purchaser
or its respective agents or counsel with any information that the Company believes constitutes material, non-public information
except insofar as the existence and terms of the proposed transactions hereunder may constitute such information and except for
information that will be disclosed by the Company under a report on Form 6-K filed after the Closing. All disclosure provided
to the Purchaser regarding the Company, its business and the transactions contemplated hereby, furnished by or on behalf of the
Company (including the Company’s representations and warranties set forth in this Agreement) are true and correct and do
not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements
made therein, in light of the circumstances under which they were made, not misleading.

 

SECTION
3.23. Certain Registration Matters. Except as specified in the Company SEC Documents or on the Company Disclosure Schedules,
the Company has not granted or agreed to grant to any person any rights (including “piggy-back” registration rights)
to have any securities of the Company registered with the SEC or any other governmental authority that have not been satisfied.

 

SECTION
3.24. Listing and Maintenance Requirements. The Company is, and has no reason to believe that it will not in the foreseeable
future continue to be, in compliance with the listing and maintenance requirements for continued listing of the Company Stock
on the trading market on which the shares of Company Common Stock are currently listed or quoted. Subject to NASDAQ Listing Approval,
the issuance and sale of the Company Shares under this Agreement does not contravene the rules and regulations of the trading
market on which the Company Stock are currently listed or quoted.

 

SECTION
3.25. Company Stock. Upon issue to the Purchaser, the Company Shares will be duly and validly issued, fully paid and
non-assessable common shares in the capital of the Company.

 

ARTICLE
IV

 

Deliveries

 

SECTION
4.01. Deliveries of the Purchaser.

  

(a) Concurrently
herewith the Purchaser is delivering to the Company a copy of this Agreement executed by the Purchaser.

 

    12

     

    

 

SECTION
4.02. Deliveries of the Company.

 

(a) Concurrently
herewith, the Company is delivering to the Purchaser a copy of this Agreement executed by the Company; and

 

(b) Promptly
following the Closing, the Company shall deliver to the escrow agent mutually selected by the Parties four (4) stock certificates
in equal denominations, issued in the name of the Purchaser and representing the Company Shares purchased and issued hereunder.

 

ARTICLE
V

 

Conditions to Closing

 

SECTION
5.01. Purchaser Conditions Precedent. The obligation of the Purchaser to enter into and complete the Closing is subject,
at the option of the Purchaser, to the fulfillment on or prior to the Closing Date of the following conditions.

 

(a) Representations
and Covenants. The representations and warranties of the Company contained in this Agreement shall be true in all material
respects on and as of the Closing Date with the same force and effect as though made on and as of the Closing Date. The Company
shall have performed and complied in all material respects with all covenants and agreements required by this Agreement to be
performed or complied with by the Company on or prior to the Closing Date. The Company shall have delivered to the Purchaser,
a certificate, dated the Closing Date, to the foregoing effect.

 

(b) Litigation.
No action, suit or proceeding shall have been instituted before any court or governmental or regulatory body or instituted or
threatened by any governmental or regulatory body to restrain, modify or prevent the carrying out of the Transactions or to seek
damages or a discovery order in connection with such Transactions, or which has or may have, in the reasonable opinion of the
Purchaser, a materially adverse effect on the assets, properties, business, operations or condition (financial or otherwise) of
the Company.

 

(c) No
Material Adverse Change. There shall not have been any occurrence, event, incident, action, failure to act, or transaction
since December 31, 2019 which has had or is reasonably likely to cause a Company Material Adverse Effect.

 

(d) Post-Closing
Capitalization. At, and immediately after, the Closing, the authorized capitalization, and the number of issued and outstanding
shares of Company Stock, on a fully-diluted basis, shall be as described in the Company SEC Documents.

 

(e) SEC
Reports. The Company shall have filed all reports and other documents required to be filed by Company under the U.S. federal
securities laws through the Closing Date.

 

    13

     

    

 

(f) NASDAQ
Listing. The Company shall have maintained its status as a Company whose common stock is listed on The NASDAQ Capital Market
and Company shall not have received any notice that any reason shall exist as to why such status shall not continue immediately
following the Closing.

 

(g) Deliveries.
The deliveries specified in Section 4.02 shall have been made by the Company.

 

(h) No
Suspensions of Trading in Company Stock; Listing. Trading in the Company Stock shall not have been suspended by the SEC or
any trading market (except for any suspensions of trading of not more than one trading day solely to permit dissemination of material
information regarding the Company) at any time since the date of execution of this Agreement, and the Company Stock shall have
been at all times since such date listed for trading on a trading market.

 

(i) Semi-Annual
Report. The Company shall have filed a report on Form 6-K with the SEC disclosing its unaudited financial statements for the
6 months ended June 30, 2020.

 

SECTION
5.02. Company Conditions Precedent. The obligations of the Company to enter into and complete the Closing are subject,
at the option of the Company, to the fulfillment on or prior to the Closing Date of the following conditions, any one or more
of which may be waived by the Company in writing.

 

(a) Representations
and Covenants. The representations and warranties of the Purchaser contained in this Agreement shall be true in all material
respects on and as of the Closing Date with the same force and effect as though made on and as of the Closing Date. The Purchaser
shall have performed and complied in all material respects with all covenants and agreements required by this Agreement to be
performed or complied with by the Purchaser on or prior to the Closing Date.

 

(b) Litigation.
No action, suit or proceeding shall have been instituted before any court or governmental or regulatory body or instituted or
threatened by any governmental or regulatory body to restrain, modify or prevent the carrying out of the Transactions or to seek
damages or a discovery order in connection with such Transactions.

 

(c) Deliveries.
The deliveries specified in Section 4.01 shall have been made by the Purchaser.

 

(d) NASDAQ
Listing Approval. Review of the Listing of Additional Shares Notification to The NASDAQ Stock Market LLC shall have been completed
with regard to the Company Stock.

 

ARTICLE
VI

 

Covenants

 

SECTION
6.01. Public Announcements. Prior to the Closing, the Purchaser and the Company will consult with each other before
issuing, and provide each other the opportunity to review and comment upon, any press releases or other public statements with
respect to the Agreement and the Transactions and shall not issue any such press release or make any such public statement prior
to such consultation, except as may be required by applicable Law, court process or by obligations pursuant to any listing agreement
with any national securities exchanges.

 

    14

     

    

 

SECTION
6.02. Fees and Expenses. All fees and expenses incurred in connection with this Agreement shall be paid by the Party
incurring such fees or expenses, whether or not this Agreement is consummated.

 

SECTION
6.03. Continued Efforts. Each Party shall use commercially reasonable efforts to (a) take all action reasonably necessary
to consummate the Transactions, and (b) take such steps and do such acts as may be necessary to keep all of its representations
and warranties true and correct as of the Closing Date with the same effect as if the same had been made, and this Agreement had
been dated, as of the Closing Date.

 

SECTION
6.04. Exclusivity. Each of the Purchaser and the Company shall not (and shall not cause or permit any of their affiliates
to) engage in any discussions or negotiations with any person or take any action that would be inconsistent with the Transactions
and that has the effect of avoiding the Closing contemplated hereby. Each of the Purchaser and the Company shall notify each other
immediately if any person makes any proposal, offer, inquiry, or contact with respect to any of the foregoing.

 

SECTION
6.05. Filing of 6-K and Press Release. The Company shall file, promptly after the date hereof, a report on Form 6-K
with the SEC disclosing the terms of this Agreement and other requisite disclosure regarding the Transactions. 

 

ARTICLE
VII

 

Miscellaneous

 

SECTION
7.01. Notices. All notices, requests, claims, demands and other communications under this Agreement shall be in writing
and shall be deemed given upon receipt by the Parties at the following addresses (or at such other address for a Party as shall
be specified by like notice):

 

If
to the Company, to:

 

KBS
Fashion Group Limited

Xin
Fengge Building

Yupu
Industrial Park

Shishi
City, Fujian Province 362700

People’s
Republic of China

Attn: Keyan Yan, Chief Executive Officer

 

    15

     

    

 

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

 

The
Crone Law Group P.C.

500
Fifth Ave, Suite 938

New
York, NY 10110

Attn:
Joe Laxague, Esq.

Email:
jlaxague@cronelawgroup.com

 

If
to the Purchaser, to:

 

Sun
Lei

Floor
5, Baofu Building

Lingbin
Road No. 96

Nankai
District, Tianjin

China

 

SECTION
7.02. Amendments; Waivers; No Additional Consideration. No provision of this Agreement may be waived or amended except
in a written instrument signed by the Company and the Purchaser. No waiver of any default with respect to any provision, condition
or requirement of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default
or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission of any Party to exercise
any right hereunder in any manner impair the exercise of any such right.

 

SECTION
7.03. Termination. This Agreement may be terminated prior to Closing:

 

(a) by
written agreement of the Company and the Purchaser;

 

(b) by
either the Purchaser or the Company if a material breach of any provision of this Agreement has been committed by another Party
and such breach has not been waived or rectified within thirty (30) days after the breach; or

 

(c) by
the Company or the Purchaser upon written notice to the other, if the Closing shall not have taken place by December 31, 2020;
provided, that the right to terminate this Agreement under this Section shall not be available to any party whose failure to comply
with its obligations under this Agreement has been the cause of or resulted in the failure of the Closing to occur on or before
such time.

 

SECTION
7.04. Replacement of Securities. If any certificate or instrument evidencing any Company Stock is mutilated, lost, stolen
or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof, or
in lieu of and substitution therefore, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory
to the Company of such loss, theft or destruction and customary and reasonable indemnity, if requested. The applicant for a new
certificate or instrument under such circumstances shall also pay any reasonable third-party costs associated with the issuance
of such replacement Company Stock. If a replacement certificate or instrument evidencing any Company Stock is requested due to
a mutilation thereof, the Company may require delivery of such mutilated certificate or instrument as a condition precedent to
any issuance of a replacement.

 

    16

     

    

 

SECTION
7.05. Remedies. In addition to being entitled to exercise all rights provided herein or granted by law, including recovery
of damages, the Purchaser and the Company will be entitled to specific performance under this Agreement. The Parties agree that
monetary damages may not be adequate compensation for any loss incurred by reason of any breach of obligations described in the
foregoing sentence and hereby agrees to waive in any action for specific performance of any such obligation the defense that a
remedy at law would be adequate.

 

SECTION
7.06. Limitation of Liability. Notwithstanding anything herein to the contrary, each of the Purchaser and the Company
acknowledge and agree that the liability of the Purchaser arising directly or indirectly, under any transaction document of any
and every nature whatsoever shall be satisfied solely out of the assets of the Purchaser, and that no trustee, officer, other
investment vehicle or any other affiliate of the Purchaser or any investor, shareholder or holder of shares of beneficial interest
of the Purchaser shall be personally liable for any liabilities of the Purchaser.

 

SECTION
7.07. Interpretation. When a reference is made in this Agreement to a Section, such reference shall be to a Section
of this Agreement unless otherwise indicated. Whenever the words “include,” “includes” or “including”
are used in this Agreement, they shall be deemed to be followed by the words “without limitation.”

 

SECTION
7.08. Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced
by any rule or Law, or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full
force and effect so long as the economic or legal substance of the Transactions contemplated hereby is not affected in any manner
materially adverse to any Party. Upon such determination that any term or other provision is invalid, illegal or incapable of
being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the
Parties as closely as possible in an acceptable manner to the end that Transactions contemplated hereby are fulfilled to the extent
possible.

 

SECTION
7.09. Counterparts; Facsimile Execution. This Agreement may be executed in one or more counterparts, all of which shall
be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of
the Parties and delivered to the other Parties. Facsimile execution and delivery of this Agreement is legal, valid and binding
for all purposes.

 

SECTION
7.10. Entire Agreement; Third Party Beneficiaries. This Agreement, taken together with the Company Disclosure Schedule,
(a) constitutes the entire agreement, and supersede all prior agreements and understandings, both written and oral, among the
Parties with respect to the Transactions and (b) are not intended to confer upon any person other than the Parties any rights
or remedies.

 

    17

     

    

 

SECTION
7.11. Governing Law. This Agreement, the legal relations between the parties and any Action, whether contractual or
non-contractual, instituted by any party with respect to any matter arising between the parties, including but not limited to
matters arising under or in connection with this Agreement, such as the negotiation, execution, interpretation, coverage, scope,
performance, breach, termination, validity, or enforceability of this Agreement, shall be governed by and construed in accordance
with the internal laws of the State of New York without reference to principles of conflicts of laws. The parties hereto hereby
irrevocably submit to the exclusive jurisdiction of the courts of the United States or the State of New York located within New
York City, New York with respect to any matter arising between the parties, and hereby waive, and agree not to assert, as a defense
in any action, suit or proceeding for the interpretation or enforcement hereof or thereof, that it is not subject thereto or that
such action, suit or proceeding may not be brought or is not maintainable in said courts or that the venue thereof may not be
appropriate or that this Agreement or any such document may not be enforced in or by such courts, and the parties hereto irrevocably
agree that all claims with respect to such action or proceeding shall be heard and determined in such a New York state or federal
court. The parties hereby consent to and grant any such court jurisdiction over the person of such parties and over the subject
matter of such dispute and agree that mailing of process or other papers in connection with any such action or proceeding in any
manner as may be permitted by applicable Law, shall be valid and sufficient service thereof. With respect to any particular action,
suit or proceeding arising between the parties, including but not limited to matters arising under or in connection with this
Agreement, venue shall lie solely in any state or Federal court sitting in the City of New York.

 

SECTION
7.12. Assignment. Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall
be assigned, in whole or in part, by operation of law or otherwise by any of the Parties without the prior written consent of
the other Parties. Any purported assignment without such consent shall be void. Subject to the preceding sentences, this Agreement
will be binding upon, inure to the benefit of, and be enforceable by, the Parties and their respective successors and assigns.

 

 

[Signature
page follows]

 

    18

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed and delivered this Stock Purchase Agreement as of the date first above written.

 

	The
Company:	KBS FASHION GROUP LIMITED
	 	 	 
	 	By:	/s/ Keyan Yan
	 	Name:
	Keyan Yan
	 	Title:
	Chief Executive Officer
	 	 	 
	The
Purchaser:	 	 
		/s/ Sun
                      Lei
	 	Sun
                                        Lei

 

    19

     

    

 

EXHIBIT
A

 

Regulation
S Representation Letter

 

Date:
December 9, 2020

 

 Re: Company Name: KBS Fashion Group Limited (the “Company”)

 

Number
of shares of common stock of the Company: 233,217 (collectively, the “Shares”)

 

Ladies
and Gentlemen:

 

Pursuant
to certain Stock Purchase Agreement between the undersigned and the Company, dated as of December 9, 2020, the undersigned hereby
represents, warrants and covenants to the Company as follows:

 

	 	1.	The
    undersigned is not a “U.S. Person,” as such term is defined in Regulation S (“Regulation S”)
    promulgated under the Securities Act of 1933, as amended (the “Securities Act”).

 

	 	2.	No
    offer or sale of the Shares was made to the undersigned in the United States.

 

	 	3.	The
    undersigned is not acquiring the Shares for the account or on behalf of any U.S. Person.

 

	 	4.	The
    undersigned has not made any prearrangement to transfer the Shares to a U.S. Person or to return the Shares to the United
    States securities markets (which includes short sales in the United States within the applicable “distribution compliance
    period,” as defined in Regulation S (hereinafter referred to as the “restricted period”) to be covered
    by delivery of the Company’s Shares) and is not acquiring the Shares as part of any plan or scheme to evade the registration
    requirements of the Securities Act.

 

	 	5.	All
    offers and sales of the Shares by the undersigned in the United States or to U.S. Persons or otherwise whether prior to the
    expiration or after the expiration of the applicable restricted period shall be made only pursuant to a registration of the
    Shares under the Securities Act or an exemption from registration, and in compliance with Regulation S.

 

	 	6.	The
    undersigned is not a “distributor,” as defined in Regulation S. However, if the undersigned should be deemed to
    be a distributor prior to reselling the Shares to a non-U.S. Person during the restricted period, the undersigned will send
    a notice to each new purchaser of Shares that such new purchaser is subject to the restrictions of Regulation S during the
    restricted period.

 

	 	7.	The
    undersigned is not an “underwriter” or “dealer” (as such terms are defined in the Securities Act),
    and the acquisition of the Shares by the undersigned is not a transaction (or part of a series of transactions) that is part
    of any plan or scheme to evade the registration provisions of the Securities Act.

 

	 	8.	The
    undersigned does not have a short position in any securities of the Company and will not have a short position in such securities
    at any time prior to the expiration of the restricted period.

 

    A-1

     

    

 

	 	9.	If
    at any time after the expiration of the restricted period, the undersigned wishes to transfer or attempts to transfer the
    Shares to a U.S. Person, the undersigned agrees to notify the Company if at such time it is an “affiliate” of
    the Company or is then acting as an “underwriter,” “dealer,” or “distributor” as to such
    securities (as such terms are defined in the Securities Act or the regulations promulgated thereunder, including but not limited
    to, Regulation S), or if such transfer is being made as part of a plan or scheme to evade the registration provisions of the
    Securities Act.

 

	 	10.	The
    undersigned acknowledges that the undersigned may only be able to resell the Shares pursuant to the provisions of Regulation
    S and otherwise pursuant to the Securities Act, and that it may not be possible for the undersigned to liquidate its investment
    in the Shares. The undersigned is prepared, therefore, to hold its, his or her Shares in the Company indefinitely.

 

Sun
Lei

	 	 
	/s/ Sun
                      Lei	 
	(Signature)	 

 

    A-2Exhibit
4.1

 

WARRANT
AGREEMENT

 

THIS
WARRANT AGREEMENT (this “Agreement”), dated as of December 22, 2020, is by and between 7GC & Co.
Holdings 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 units of the Company’s
equity securities, each such unit comprised of one share of Class A common stock of the Company, par value $0.0001 per share (“Common
Stock”), and one-half of one redeemable Public Warrant (as defined below) (the “Units”)
and, in connection therewith, has determined to issue and deliver up to 10,000,000 warrants (or up to 11,500,000 warrants if the
Over-Allotment Option (as defined below) is exercised in full) to public investors in the Offering (the “Public Warrants”);
and

 

WHEREAS,
on December 22, 2020 the Company entered into that certain Private Placement Warrants Purchase Agreement with 7GC & Co. Holdings
LLC, a Delaware limited liability company (the “Sponsor”), pursuant to which the Sponsor agreed to purchase
an aggregate of 6,750,000 warrants (or up to 7,350,000 warrants if the Over-Allotment Option is exercised in full) simultaneously
with the closing of the Offering bearing the legend set forth in Exhibit B hereto (the “Private Placement
Warrants”) at a purchase price of $1.00 per Private Placement Warrant; and

 

WHEREAS,
in order to finance the Company’s transaction costs in connection with an intended initial Business Combination (as defined
below), the Sponsor or an affiliate of the Sponsor or certain of the Company’s executive officers and directors may, but
are not obligated to, loan to the Company funds as the Company may require, of which up to $1,500,000 of such loans may be convertible
into up to an additional 1,500,000 warrants at a price of $1.00 per warrant (the “Working Capital Warrants”);
and

 

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

 

WHEREAS,
the Company has filed with the Securities and Exchange Commission (the “Commission”) a registration
statements on Form S-1, File Nos. 333-251162 and 333-251623 (the “Registration Statement”) and prospectus
(the “Prospectus”), for the registration, under the Securities Act of 1933, as amended (the “Securities
Act”), of the Units, the Public Warrants and the Common Stock included in the Units; and

 

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

 

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

 

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

  

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

 

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

 

     

     

    

 

2.
Warrants.

 

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

 

2.2 Effect
of Countersignature. If a physical certificate is issued, unless and until countersigned by the Warrant Agent pursuant to
this Agreement, a Warrant certificate 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, 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. All of the Public Warrants shall initially be represented
by one or more book-entry certificates (each, a “Book-Entry Warrant Certificate”) deposited with The
Depository Trust Company (the “Depositary”) and registered in the name of Cede & Co., a nominee
of the Depositary. Ownership of beneficial interests in the Public Warrants shall be shown on, and the transfer of such ownership
shall be effected through, records maintained by (i) the Depositary or its nominee for each Book-Entry Warrant Certificate, or
(ii) institutions that have accounts with the Depositary (each such institution, with respect to a Warrant in its account, a “Participant”).

 

If
the Depositary subsequently ceases to make its book-entry settlement system available for the Public Warrants, the Company may
instruct the Warrant Agent regarding making other arrangements for book-entry settlement. In the event that the Public Warrants
are not eligible for, or it is no longer necessary to have the Public Warrants available in, book-entry form, the Warrant Agent
shall provide written instructions to the Depositary to deliver to the Warrant Agent for cancellation each Book-Entry Warrant
Certificate, and the Company shall instruct the Warrant Agent to deliver to the Depositary definitive certificates in physical
form evidencing such Warrants (“Definitive Warrant Certificate”). Such Definitive Warrant Certificate
shall be in the form annexed hereto as Exhibit A, with appropriate insertions, modifications and omissions, as provided
above.

 

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 (notwithstanding any notation of ownership or other
writing on a Definitive Warrant Certificate made by anyone other than the Company or the Warrant Agent), for the purpose of any
exercise thereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to
the contrary.

  

2.4 Detachability
of Warrants. The Common Stock and Public 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
Cantor Fitzgerald& Co., as representative of the several underwriters (the “Representative”), but
in no event shall the Common Stock and the Public 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 Units in the Offering (the “Over-Allotment Option”), if the Over-Allotment
Option is exercised prior to the filing of the current report on 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

     

    

 

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 Public Warrant. If, upon the detachment of
Public 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
Placement Warrants and Working Capital Warrants. The Private Placement Warrants and the Working Capital Warrants shall be
identical to the Public Warrants, except that so long as they are held by the Sponsor or any Permitted Transferees (as defined
below), as applicable, the Private Placement 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) may not be transferred, assigned or sold until thirty
(30) days after the completion by the Company of an initial Business Combination (as defined below), and (iii) shall not be redeemable
by the Company; provided, however, that in the case of (ii) the Private Placement Warrants and the Working
Capital Warrants and any shares of Common Stock held by the Sponsor or any Permitted Transferees, as applicable, and issued upon
exercise of the Private Placement Warrants and the Working Capital Warrants may be transferred by the holders thereof:

 

(a)
to the Company’s officers or directors, any affiliate or family member of any of the Company’s officers or directors,
any affiliate of the Sponsor or to any member(s) of the Sponsor or any of their affiliates, officers, directors and direct and
indirect equityholders;

 

(b)
in the case of an individual, by gift to a member such individual’s immediate family or to a trust, the beneficiary of which
is a member of such individual’s immediate family, an affiliate of such individual or to a charitable organization;

 

(c)
in the case of an individual, by virtue of the laws of descent and distribution upon death of such person;

 

(d)
in the case of an individual, pursuant to a qualified domestic relations order;

 

(e)
by private sales or transfers made in connection with the consummation of an initial Business Combination at prices no greater
than the price at which the Warrants were originally purchased;

 

(f)
in the event of the Company’s liquidation prior to consummation of the Company’s Business Combination; or

 

(g)
by virtue of the laws of the State of Delaware or the Sponsor’s limited liability company agreement upon dissolution of
the Sponsor;

 

provided, however,
that, in each case these permitted transferees (the “Permitted Transferees”) must enter into a
written agreement with the Company agreeing to be bound by the transfer restrictions in this Agreement.

 

2.7 Working
Capital Warrants. The Working Capital Warrants shall be identical to the Private Placement Warrants.

 

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

 

3. Terms
and Exercise of Warrants.

 

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

 

    3

     

    

 

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 a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or similar business combination, involving the Company and one or
more businesses (a “Business Combination”), 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
if the Company fails to complete a Business Combination, or (z) other than with respect to the Private Placement 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 Placement 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 outstanding Warrant (other than a Private Placement 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) 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 may be exercised by the Registered Holder thereof by delivering
to the Warrant Agent at its corporate trust department (i) the Definitive Warrant Certificate evidencing the Warrants to be exercised,
or, in the case of a Book-Entry Warrant Certificate, the Warrants to be exercised (the “Book-Entry Warrants”)
on the records of the Depositary to an account of the Warrant Agent at the Depositary designated for such purposes in writing
by the Warrant Agent to the Depositary from time to time, (ii) an election to purchase (“Election to Purchase”)
shares of Common Stock pursuant to the exercise of a Warrant, properly completed and executed by the Registered Holder on the
reverse of the Definitive Warrant Certificate or, in the case of a Book-Entry Warrant Certificate, properly delivered by the Participant
in accordance with the Depositary’s procedures, and (iii) payment in full of the Warrant Price for each full 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 shares of Common Stock, as follows:

 

(a)
by certified check payable to the order of the Warrant Agent or by wire transfer;

  

(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 Warrant
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 last sale price of the Common Stock for the ten (10) trading days ending on the third trading day prior
to the date on which the notice of redemption is sent to the holders of the Warrants, pursuant to Section 6 hereof;

 

    4

     

    

 

(c)
with respect to any Private Placement Warrant or Working Capital Warrant, so long as such Private Placement Warrant or Working
Capital Warrant is held by the Sponsor or a Permitted Transferee, as applicable, 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 Warrant 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 ten (10) 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 Warrant Price (if payment is pursuant to subsection 3.3.1(a)), the Company shall issue to the Registered
Holder of such Warrant a book-entry position or certificate, as applicable, for the number of full shares of Common Stock to which
he, she or it is entitled, registered in such name or names as may be directed by him, her or it, and if such Warrant shall not
have been exercised in full, a new book-entry position or countersigned Warrant, as applicable, for the number of shares of Common
Stock as to which such Warrant shall not have been exercised. If fewer than all the Warrants evidenced by a Book-Entry Warrant
Certificate are exercised, a notation shall be made to the records maintained by the Depositary, its nominee for each Book-Entry
Warrant Certificate, or a Participant, as appropriate, evidencing the balance of the Warrants remaining after such exercise. Notwithstanding
the foregoing, the Company shall not be obligated to deliver any shares of Common Stock pursuant to the exercise of a Warrant
and shall have no obligation to settle such Warrant exercise unless a registration statement under the Securities Act with respect
to the shares of Common Stock underlying the Public Warrants is then effective and a prospectus relating thereto is current, subject
to the Company’s satisfying its obligations under Section 7.4. No Warrant shall be exercisable and the Company
shall not be obligated to issue shares of Common Stock upon exercise of a Warrant unless the Common Stock issuable upon such Warrant
exercise has been registered, qualified or deemed to be exempt from registration or qualification under the securities laws of
the state of residence of the Registered Holder of the Warrants, except pursuant to Section 7.4. In the event that
the conditions in the two immediately preceding sentences are not satisfied with respect to a Warrant, the holder of such Warrant
shall not be entitled to exercise such Warrant and such Warrant may have no value and expire worthless, in which case the purchaser
of a Unit containing such Public Warrants shall have paid the full purchase price for the Unit solely for the shares of Common
Stock underlying such Unit. In no event will the Company be required to net cash settle the Warrant exercise. The Company may
require holders of Public Warrants to settle the Warrant on a “cashless basis” pursuant to subsection 3.3.1(b) and Section
7.4. If, by reason of any exercise of Warrants on a “cashless basis”, the holder of any Warrant would be entitled,
upon the exercise of such Warrant, to receive a fractional interest in a share of Common Stock, the Company shall round down to
the nearest whole number, the number of shares of Common Stock to be issued to such holder.

  

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

 

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

 

    5

     

    

 

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 4.9% or 9.8% (or such other amount as a holder may specify) (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 the Transfer Agent setting forth the number of shares of Common Stock outstanding. For any reason at any time,
upon the written request of the holder of the Warrant, the Company shall, within two (2) Business Days, confirm orally and in
writing to such holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of
Common Stock shall be determined after giving effect to the conversion or exercise of equity securities of the Company by the
holder and its affiliates since the date as of which such number of outstanding shares of Common Stock was reported. By written
notice to the Company, the holder of a Warrant may from time to time increase or decrease the Maximum Percentage applicable to
such holder to any other percentage specified in such notice; provided, however, that any such increase
shall not be effective until the sixty-first (61st) day after such notice is delivered to the Company.

 

4. Adjustments.

 

4.1 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. A rights offering to holders of the Common Stock entitling holders to purchase shares of Common Stock at a price
less than the “Fair Market Value” (as defined below) shall be deemed a stock dividend of a number of shares of Common
Stock equal to the product of (i) the number of shares of Common Stock actually sold in such rights offering (or issuable under
any other equity securities sold in such rights offering that are convertible into or exercisable for the Common Stock) and (ii)
one (1) minus the quotient of (x) the price per share of Common Stock paid in such rights offering divided by (y) the Fair Market
Value. For purposes of this subsection 4.1.1, (i) if the rights offering is for securities convertible into or exercisable
for Common Stock, in determining the price payable for Common Stock, there shall be taken into account any consideration received
for such rights, as well as any additional amount payable upon exercise or conversion and (ii) “Fair Market Value”
means the volume weighted average price of the Common Stock as reported during the ten (10) trading day period ending on the trading
day prior to the first date on which the shares of Common Stock trade on the applicable exchange or in the applicable market,
regular way, without the right to receive such rights. 

 

    6

     

    

 

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), other than (a) as described in subsection
4.1.1 above, (b) Ordinary Cash Dividends (as defined below), (c) to satisfy the redemption rights of the holders of the
Common Stock in connection with a proposed initial Business Combination, (d) as a result of the repurchase of shares of Common
Stock by the Company if a proposed Business Combination is presented to the stockholders of the Company for approval, (e) to satisfy
the redemption rights of the holders of Common Stock in connection with a stockholder vote to amend the Company’s amended
and restated certificate of incorporation to modify the substance or timing of the Company’s obligation to redeem 100% of
the public shares of Common Stock if the Company does not complete the Business Combination within the period set forth in the
Company’s amended and restated certificate of incorporation or (f) in connection with the redemption of public shares of
Common Stock upon the failure of the Company to complete its initial Business Combination and any subsequent distribution of its
assets upon its liquidation (any such non-excluded event being referred to herein as an “Extraordinary Dividend”),
then the Warrant Price shall be decreased, effective immediately after the effective date of such Extraordinary Dividend, by the
amount of cash and/or the fair market value (as determined by the Board, in good faith) of any securities or other assets paid
on each share of Common Stock in respect of such Extraordinary Dividend. For purposes of this subsection 4.1.2, “Ordinary
Cash Dividends” means any cash dividend or cash distribution which, when combined on a per share basis, with the
per share amounts of all other cash dividends and cash distributions paid on the Common Stock during the 365-day period ending
on the date of declaration of such dividend or distribution (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 Warrant Price or to the number of shares of Common Stock issuable on exercise of each Warrant) does not exceed
$0.50 (being 5% of the offering price of the Units in the Offering).

 

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 Warrant Price shall be adjusted (to the nearest cent) by multiplying
such Warrant Price immediately prior to such adjustment by a fraction (x) the numerator of which shall be the number of shares
of Common Stock purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (y) the denominator of
which shall be the number of shares of Common Stock so purchasable immediately thereafter.

 

4.3.2
If (i) the Company issues additional shares of Common Stock or securities convertible into or exercisable or exchangeable for
shares of Common Stock for capital raising purposes in connection with the closing of its initial Business Combination at an issue
price or effective issue price of less than $9.20 per share of Common Stock, with such issue price or effective issue price to
be determined in good faith by the Board (and in the case of any such issuance to the Sponsor or its affiliates, without taking
into account any founder shares held by such holder or affiliates, as applicable, prior to such issuance) (the “New
Issuance Price”), (ii) the aggregate gross proceeds from such issuances represent more than 60% of the total equity
proceeds, and interest thereon, available for the funding of the initial Business Combination on the date of the consummation
thereof (net of redemptions) and (iii) the volume weighted average trading price of the 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 Warrant Price shall be adjusted (to the nearest cent) to be equal
to 115% of the higher of the Market Value and the New Issuance Price and the Redemption Trigger Price (as defined below) shall
be adjusted to equal to 180% of the higher of the Market Value and the Newly Issued Price. 

 

    7

     

    

 

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 subsections 4.1.1 or 4.1.2 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 as 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 (the “Alternative Issuance” ); provided, however, that in connection with
the closing of any such consolidation, merger, sale or conveyance, the successor or purchasing entity shall execute an amendment
hereto with the Warrant Agent providing for delivery of such Alternative Issuance; provided, further,
that (i) if the holders of the Common Stock were entitled to exercise a right of election as to the kind or amount of securities,
cash or other assets receivable upon such consolidation or merger, then the kind and amount of securities, cash or other assets
constituting the Alternative Issuance for which each Warrant shall become exercisable shall be deemed to be the weighted average
of the kind and amount received per share by the holders of the Common Stock in such consolidation or merger that affirmatively
make such election, and (ii) if a tender, exchange or redemption offer shall have been made to and accepted by the holders of
the Common Stock (other than a tender, exchange or redemption offer made by the Company in connection with redemption rights held
by stockholders of the Company as provided for in the Company’s amended and restated certificate of incorporation or as
a result of the repurchase of shares of Common Stock by the Company if a proposed initial Business Combination is presented to
the stockholders of the Company for approval) under circumstances in which, upon completion of such tender or exchange offer,
the maker thereof, together with members of any group (within the meaning of Rule 13d-5(b)(1) under the Exchange Act (or any successor
rule)) of which such maker is a part, and together with any affiliate or associate of such maker (within the meaning of Rule 12b-2
under the Exchange Act (or any successor rule)) and any members of any such group of which any such affiliate or associate is
a part, own beneficially (within the meaning of Rule 13d-3 under the Exchange Act (or any successor rule)) more than 50% of the
outstanding shares of Common Stock, the holder of a Warrant shall be entitled to receive as the Alternative Issuance, the highest
amount of cash, securities or other property to which such holder would actually have been entitled as a stockholder if such Warrant
holder had exercised the Warrant prior to the expiration of such tender or exchange offer, accepted such offer and all of the
Common Stock held by such holder had been purchased pursuant to such tender or exchange offer, subject to adjustments (from and
after the consummation of such tender or exchange offer) as nearly equivalent as possible to the adjustments provided for in this Section
4; provided, further, that if less than 70% of the consideration receivable by the holders of the
Common Stock in the applicable event is payable in the form of common stock in the successor entity that is listed for trading
on a national securities exchange or is quoted in an established over-the-counter market, or is to be so listed for trading or
quoted immediately following such event, and if the Registered Holder properly exercises the Warrant within thirty (30) days following
the public disclosure of the consummation of such applicable event by the Company pursuant to a current report on Form 8-K filed
with the Commission, the Warrant Price shall be reduced by an amount (in dollars) (but in no event less than zero) equal to the
difference of (i) the Warrant Price in effect prior to such reduction minus (ii) (A) the Per Share Consideration (as defined below)
minus (B) the Black-Scholes Warrant Value (as defined below). The “Black-Scholes Warrant Value” means
the value of a Warrant immediately prior to the consummation of the applicable event based on the Black-Scholes Warrant Model
for a Capped American Call on Bloomberg Financial Markets (“Bloomberg”). For purposes of calculating
such amount, (1) Section 6 of this Agreement shall be taken into account, (2) the price of each share of Common
Stock shall be the volume weighted average price of the Common Stock as reported during the ten (10) trading day period ending
on the trading day prior to the effective date of the applicable event, (3) the assumed volatility shall be the 90 day volatility
obtained from the HVT function on Bloomberg determined as of the trading day immediately prior to the day of the announcement
of the applicable event, and (4) the assumed risk-free interest rate shall correspond to the U.S. Treasury rate for a period equal
to the remaining term of the Warrant. “Per Share Consideration” means (i) if
the consideration paid to holders of the Common Stock consists exclusively of cash, the amount of such cash per share of Common
Stock, and (ii) in all other cases, the amount of cash per share of Common Stock, if any, plus the volume weighted average price
of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the effective date of
the applicable event. If any reclassification or reorganization also results in a change in shares of Common Stock covered by subsection
4.1.1, then such adjustment shall be made pursuant to subsection 4.1.1 or Sections 4.2, 4.3 and
this Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive reclassifications,
reorganizations, mergers or consolidations, sales or other transfers. In no event will the Warrant 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 Warrant 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 Warrant 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. 

 

    8

     

    

 

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

 

4.8 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 Business Combination. The
Company shall adjust the terms of the Warrants in a manner that is consistent with any adjustment recommended in such opinion.

  

4.9 No
Adjustment. For the avoidance of doubt, no adjustment shall be made to the terms of the Warrants solely as a result of an
adjustment to the conversion ratio of the Company’s Class B common stock (the “Class B Common Stock”)
into shares of Common Stock or the conversion of the shares of Class B Common Stock into shares of Common Stock, in each case,
pursuant to the Company’s Charter, as amended from time to time.

 

5. Transfer
and Exchange of Warrants.

 

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

 

5.2 Procedure
for Surrender of Warrants. Warrants may be surrendered to the Warrant Agent, 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 except as otherwise provided herein or in any Book-Entry Warrant Certificate or Definitive Warrant Certificate, each Book-Entry
Warrant Certificate and Definitive Warrant Certificate may be transferred only in whole and only to the Depositary, to another
nominee of the Depositary, to a successor depository, or to a nominee of a successor depository; provided further, however,
that in the event that a Warrant surrendered for transfer bears a restrictive legend (as in the case of the Private Placement
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.

 

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

 

    9

     

    

 

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

 

6. Redemption.

 

6.1 Redemption.
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) (the “Redemption
Trigger Price”), on each of twenty (20) trading days within the thirty (30) trading-day period ending on the third
trading day prior to the date on which notice of the redemption is given and provided that there is an effective registration
statement covering the shares of Common Stock issuable upon exercise of the Warrants, and a current prospectus relating thereto,
available throughout the 30-day Redemption Period (as defined in Section 6.2 below) or the Company has elected
to require the exercise of the Warrants on a “cashless basis” pursuant to subsection 3.3.1; provided,
however, that if and when the 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 (the “30-day
Redemption Period”) to the Registered Holders of the Warrants to be redeemed at their last addresses as they shall
appear on the registration books. Any notice mailed in the manner herein provided shall be conclusively presumed to have been
duly given whether or not the Registered Holder received such notice.

 

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

 

    10

     

    

 

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 60th Business Day following the closing
of the Business Combination, holders of the Warrants shall have the right, during the period beginning on the 61st Business Day
after the closing of the Business Combination and ending upon such registration statement being declared effective by the Commission,
and during any other period when the Company shall fail to have maintained an effective registration statement covering the 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 Warrant 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 ten (10) trading day period
ending on the trading day prior to the date that notice of exercise is received by the Warrant Agent from the holder of such Warrants
or its securities broker or intermediary. The date that notice of cashless exercise is received by the Warrant Agent shall be
conclusively determined by the Warrant Agent. In connection with the “cashless exercise” of a 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 statute)) 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 or have expired, the Company shall continue to be obligated to comply with its registration
obligations under the first three sentences of this subsection 7.4.1.

 

    11

     

    

 

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 statute), 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 statute) 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 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. 

 

    12

     

    

 

8.3 Fees
and Expenses of Warrant Agent.

 

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

 

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

 

8.4 Liability
of Warrant Agent.

 

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

 

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

 

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

 

8.5 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.

 

    13

     

    

 

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:

 

7GC
& Co. Holdings Inc.

388
Market Street, Suite 1300

San
Francisco, CA 94111

Attention:
Jack Leeney

 

Any
notice, statement or demand authorized by this Agreement to be given or made by the holder of any Warrant or by the Company to
or on the Warrant Agent shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified
mail or private courier service within five (5) days after deposit of such notice, postage prepaid, addressed (until another address
is filed in writing by the Warrant Agent with the Company), as follows:

 

Continental
Stock Transfer & Trust Company

1
State Street, 30th Floor

New
York, NY 10004

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 shall be brought and enforced in the courts of the State of
New York or the United States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction,
which jurisdiction shall be exclusive forum for any such action, proceeding or claim. The Company hereby waives any objection
to such exclusive jurisdiction and that such courts represent an inconvenient forum. Notwithstanding the foregoing, the provisions
of this paragraph will not apply to suits brought to enforce any liability or duty created by the Exchange Act or any other claim
for which the federal district courts of the United States of America are the sole and exclusive forum.

 

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

  

9.4 Persons
Having Rights under this Agreement. Nothing in this Agreement shall be construed to confer upon, or give to, any person or
corporation other than the parties hereto and the Registered Holders of the Warrants and, for purposes of Sections 7.4,
9.4 and 9.8, the Representatives, 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, for purposes of Sections 7.4,
9.4 and 9.8, the Representatives, and their successors and assigns and of the Registered Holders of the Warrants.

 

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

 

    14

     

    

 

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 (i) for the purpose of curing
any ambiguity, or curing, correcting or supplementing any mistake including to confirm the provisions of this Agreement to the
description of the terms of the Warrants and this Agreement set forth in the Prospectus or 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, and (ii)
to provide for the delivery of Alternative Issuance pursuant to Section 4.4. All other modifications or amendments, including
any amendment to increase the Warrant Price or shorten the Exercise Period, shall require the vote or written consent of the Registered
Holders of a majority of the then outstanding Public Warrants. Any amendment solely to the Private Placement Warrants or the Working
Capital Warrants shall require the vote or written consent of a majority of the holders of the then outstanding Private Placement
Warrants or the Working Capital Warrants. Notwithstanding the foregoing, the Company may lower the Warrant Price or extend the
duration of the Exercise Period pursuant to Sections 3.1 and 3.2, respectively, without the consent
of the Registered Holders.

 

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.

 

[Signature
Page Follows]

 

    15

     

    

 

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

 

	 	7GC
    & CO. HOLDINGS INC.
	 	 
	 	By:	/s/ Jack
    Leeney
	 	Name: 	Jack
    Leeney
	 	Title:	Chief
    Executive Officer
	 	 
	 	CONTINENTAL
    STOCK TRANSFER & TRUST COMPANY, as Warrant Agent
	 	 
	 	By:	/s/
    Stacy Aqui 
	 	Name:	Stacy
    Aqui 
	 	Title:	Vice
    President

 

 [Signature
Page to Warrant Agreement]

 

    16

     

    

 

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

 

7GC
& CO. HOLDINGS INC.

Incorporated Under the
Laws of the State of Delaware

 

CUSIP
81786A 115

Warrant
Certificate

 

This
Warrant Certificate certifies that               ,
or registered assigns, is the registered holder of warrant(s) evidenced hereby (the “Warrants” and each,
a “Warrant”) to purchase shares of Class A common stock, $0.0001 par value per share (“Common Stock”),
of 7GC & Co. Holdings 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 whole 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.

 

[Signature
Page Follows]

 

    17

     

    

 

	 	7GC
    & CO. HOLDINGS INC.
	 	 	 
	 	By:	         
	 	Name:	 
	 	Title:	 
	 	 	 
	 	CONTINENTAL
    STOCK TRANSFER & TRUST COMPANY, as Warrant Agent
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    18

     

    

  

[Form
of Warrant Certificate]

 

[Reverse]

 

The
Warrants evidenced by this Warrant Certificate are part of a duly authorized issue of Warrants entitling the holder on exercise
to receive shares of Common Stock and are issued or to be issued pursuant to a Warrant Agreement dated as of                ,
2020 (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,
respectively) of the Warrants. A copy of the Warrant Agreement may be obtained by the holder hereof upon written request to the
Company. Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant
Agreement.

 

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

 

Notwithstanding
anything else in this Warrant Certificate or the Warrant Agreement, no Warrant may be exercised unless at the time of exercise
(i) a registration statement covering the 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.

 

    19

     

    

 

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 7GC & Co. Holdings 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 Placement Warrant, Working Capital Warrant or Post-IPO 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 of Common Stock 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]

 

    20

     

    

  

	Date:
                         ,
    20	 	 
	 	 	(Signature)
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	(Address)
	 	 	 
	 	 	 
	 	 	(Tax
    Identification Number)
	 	 	 
	Signature
    Guaranteed:	 	 
	 	 	 
	 	 	 

 

THE
SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND
CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 (OR ANY SUCCESSOR
RULE)).

 

    21

     

    

 

EXHIBIT
B

 

LEGEND

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE
SECURITIES LAWS, AND MAY NOT BE OFFERED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE. IN ADDITION, SUBJECT
TO ANY ADDITIONAL LIMITATIONS ON TRANSFER DESCRIBED IN THE LETTER AGREEMENT BY AND AMONG 7GC & CO. HOLDINGS INC. (THE “COMPANY”),
7GC & CO. HOLDINGS LLC. AND THE OTHER PARTIES THERETO, THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD OR TRANSFERRED
PRIOR TO THE DATE THAT IS THIRTY (30) DAYS AFTER THE DATE UPON WHICH THE COMPANY COMPLETES ITS INITIAL BUSINESS COMBINATION (AS
DEFINED IN SECTION 3 OF THE WARRANT AGREEMENT REFERRED TO HEREIN) EXCEPT TO A PERMITTED TRANSFEREE (AS DEFINED IN SECTION
2 OF THE WARRANT AGREEMENT) WHO AGREES IN WRITING WITH THE COMPANY TO BE SUBJECT TO SUCH TRANSFER PROVISIONS.

 

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

 

 

22

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