Document:

Exhibit 4.1

 

 

 

 

 

NON-FIXED PRICE

 

 

 

SALES AND PURCHASE AGREEMENT

 

BETWEEN

 

Bitmain Technologies Limited

 

(“Bitmain”)

 

AND

 

Bit Digital USA, Inc. (“Purchaser”)

 

     

     

    

 

	1.	Definitions and Interpretations	1
	 	 	 
	2.	Sales of Product(s)	3
	 	 	 
	3.	Prices and Terms of Payment	4
	 	 	 
	4.	Product Discount	5
	 	 	 
	5.	Shipping of Product(s)	6
	 	 	 
	6.	Customs	8
	 	 	 
	7.	Warranty	8
	 	 	 
	8.	Representations and Warranties	11
	 	 	 
	9.	Indemnification and Limitation of Liability	12
	 	 	 
	10.	Distribution	13
	 	 	 
	11.	Intellectual Property Rights	13
	 	 	 
	12.	Confidentiality and Communications	14
	 	 	 
	13.	Term of this Agreement	14
	 	 	 
	14.	Notices	14
	 	 	 
	15.	Compliance with Laws and Regulations	15
	 	 	 
	16.	Force Majeure	17
	 	 	 
	17.	Entire Agreement and Amendment	17
	 	 	 
	18.	Assignment	17
	 	 	 
	19.	Severability	17
	 	 	 
	20.	Personal Data	17
	 	 	 
	21.	Conflict with the Terms and Conditions	18
	 	 	 
	22.	Governing Law and Dispute Resolution	18
	 	 	 
	23.	Waiver	18
	 	 	 
	24.	Counterparts and Electronic Signatures	18
	 	 	 
	25.	Further Assurance	18
	 	 	 
	26.	Third Party Rights	18
	 	 	 
	27.	Liquidated Damages Not Penalty	18

 

    -i-

     

    

 

This non-fixed price sales and
purchase agreement (this “Agreement”) is made on October 7th, 2021 by and between Bitmain Technologies Limited (“Bitmain”)
(Company number: 2024301), with its registered office at Unit A1 of Unit A, 11th Floor, Success Commercial Building, 245-251 Hennessy
Road, Hong Kong, and Bit Digital USA, Inc. (the “Purchaser”) (Registration Number: 3569153), with its principal place of business
at 33 Irving Place, New York, NY 10003 USA.

 

Bitmain and the Purchaser shall
hereinafter collectively be referred to as the “Parties”, and individually as a “Party”.

 

Whereas:

 

		1.	Purchaser fully understands the market risks, the price-setting
principles and the market fluctuations relating to the Products sold under this Agreement.

 

		2.	Purchaser has purchased the Products through the website of Bitmain
(i.e., https://shop.bitmain.com/, similarly hereinafter) for many times, and is familiar with the purchase order processes of Bitmain’s
website.

 

		3.	Based on the above consensus, the Purchaser is willing to purchase
and Bitmain is willing to supply cryptocurrency mining hardware and other equipment in accordance with the terms and conditions of this
Agreement.

 

The Parties hereto
agree as follows:

 

 1. Definitions and Interpretations

 

The following terms, as used
herein, have the following meanings:

 

“Affiliate” means,
with respect to any Person, any other Person directly or indirectly Controlling, Controlled by, or under common Control with such Person;
“Person” means any individual, corporation, partnership, limited partnership, proprietorship, association, limited liability
company, firm, trust, estate or other enterprise or entity (whether or not having separate legal personality); and “Control”
means the power or authority, whether exercised or not, to direct the business, management and policies of such Person, directly or indirectly,
whether through the ownership of voting securities, by contract or otherwise, provided that such power or authority shall conclusively
be presumed to exist upon possession of beneficial ownership or power to direct the vote of more than fifty percent (50%) of the votes
entitled to be cast at a meeting of the members or shareholders of such Person or power to control the composition of a majority of the
board of directors of such Person. The terms “Controlled” and “Controlling” have meanings correlative to the foregoing.

 

“Applicable Law”
means any treaty, law, decree, order, regulation, decision, statute, ordinance, rule, directive, code or other document that has legal
force under any system of law, including, without limitation, local law, law of any other state or part thereof or international law,
and which creates or purports to create any requirement or rule that may affect, restrict, prohibit or expressly allow the terms of this
Agreement or any activity contemplated or carried out under this Agreement.

 

     

     

    

 

“Bank Account”
means the bank account information of Bitmain provided in Appendix A of this Agreement.

 

“Force Majeure”
means in respect of either Party, any event or occurrence whatsoever beyond the reasonable control of that Party, which delays, prevents
or hinders that Party from performing any obligation imposed upon that Party under this Agreement, including to the extent such event
or occurrence shall delay, prevent or hinder such Party from performing such obligation, war (declared or undeclared), terrorist activities,
acts of sabotage, blockade, fire, lightning, acts of god, national strikes, riots, insurrections, civil commotions, quarantine restrictions,
pandemics (including, but not limited to, COVID-19), epidemics, earthquakes, landslides, avalanches, floods, hurricanes, explosions and
regulatory and administrative or similar action or delays to take actions of any governmental authority.

 

“Governmental
Entity” means any federal, state, local or foreign government or political subdivision thereof, or any agency or instrumentality
of such government or political subdivision, or any self-regulated organization or other non-governmental regulatory authority or quasi-governmental
authority (to the extent that the rules, regulations or orders of such organization or authority have the force of law), or any arbitrator,
court or tribunal of competent jurisdiction.

 

“Intellectual Property
Rights” means any and all intellectual property rights, including, but not limited to, those concerning inventions, patents, utility
models, registered designs and models, engineering or production materials, drawings, trademarks, service marks, domain names, applications
for any of the foregoing (and the rights to apply for any of the foregoing), proprietary or business sensitive information and/or technical
know-how, copyright, authorship, whether registered or not, and any neighbor rights.

 

“Order” means
the Purchaser’s request to Bitmain for certain Product(s) in accordance with this Agreement.

 

“Product(s)” means
the merchandise that Bitmain will provide to the Purchaser in accordance with this Agreement.

 

“Schedules” means
the Schedules that are attached to this Agreement and incorporated into this Agreement by reference and deemed to be a part thereof.

 

“Total Purchase Price”
means the aggregate amount payable by the Purchaser as set out in Appendix A of this Agreement.

 

“Warranty Period”
means the period of time that the Product(s) are covered by the warranty granted by Bitmain or its Affiliates in accordance with Clause
7 of this Agreement.

 

“Warranty Start Date”
means the date on which the Product(s) are delivered to the carrier.

 

    -2-

     

    

 

Interpretations:

 

	i)	Words importing the singular include the plural and vice versa where the context so requires.

 

	ii)	The headings in this Agreement are for convenience only and shall not be taken into consideration in the
interpretation or construction of this Agreement.

 

	iii)	References to Clauses and Appendix(es) are references to Clauses and Appendix(es) of this Agreement.

 

	iv)	Unless specifically stated otherwise, all references to days shall mean calendar days.

 

	v)	Any reference to a code, law, statute, statutory provision, statutory instrument, order, regulation or
other instrument of similar effect shall include any re-enactment or amendment thereof for the time being in force.

 

 2. Sales of Product(s)

 

Bitmain will provide the Product(s)
set forth in Appendix A (attached hereto as part of this Agreement) to the Purchaser in accordance with provisions of Clause 2, Clause
3, Clause 4, Clause 5 and Appendix A of this Agreement, and the Purchaser shall make payment in accordance with the terms specified in
this Agreement.

 

2.1. Both
Parties agree that the Product(s) shall be sold in accordance with the following steps:

 

		(i)	The Purchaser shall place Order through Bitmain’s website or through other methods accepted by Bitmain,
and such Order shall constitute an irrevocable offer to purchase specific Product(s) from Bitmain.

 

		(ii)	After receiving the Order, Bitmain will send an order receipt confirmation email to the Purchaser. The
Purchaser’s Order will be valid for a period of twenty-four (24) hours after its placement, and upon expiration of such period,
Bitmain will have the right to cancel the Order at its sole discretion if the Purchaser fails to pay the down payment in accordance with
Appendix A of this Agreement.

 

		(iii)	The Purchaser shall pay the Total Purchase Price in accordance with Appendix A of this Agreement.

 

		(iv)	Upon receipt of the Total Purchase Price, Bitmain will provide a payment receipt to the Purchaser.

 

		(v)	Bitmain will send a shipping confirmation to the Purchaser upon delivery of the Product(s) to the carrier,
and the Order shall be deemed accepted by Bitmain upon Bitmain’s issuance of the shipping confirmation.

 

2.2. Both
Parties acknowledge and agree that the order receipt confirmation and the payment receipt shall not constitute nor be construed as Bitmain’s
acceptance of the Purchaser’s Order, but mere acknowledgement of the receipt of the Order and the Total Purchase Price.

 

2.3. Both
Parties acknowledge and agree that in case of product unavailability, Bitmain shall have the right to cancel the Order after it has issued
the order receipt confirmation, the payment receipt or the shipping confirmation without any penalty or liability.

 

    -3-

     

    

 

2.4. The
Purchaser acknowledges and confirms that the Order is irrevocable and cannot be cancelled by the Purchaser, and that the Product(s) ordered
are neither returnable nor refundable. All sums paid by the Purchaser to Bitmain shall not be subject to any abatement, set-off, claim,
counterclaim, adjustment, reduction, or defense for any reason. Down payment and payment of Total Purchase Price are not refundable, save
as otherwise mutually agreed by the Parties.

 

 3. Prices and Terms of Payment

 

3.1 The
Total Purchase Price (inclusive of any tax payable) shall be paid in accordance with the payment schedule set forth in Appendix B of this
Agreement.

 

3.2 In
the event that the Purchaser fails to fully settle the respective percentage of the Total Purchase Price before the prescribed deadlines
and fails to make a written request to Bitmain no less than five (5) business days prior to the prescribed deadline and obtain Bitmain’s
written consent, Bitmain shall be entitled to request the Purchaser to pay a reasonable liquidated damage (not a penalty) of 20% of the
purchase price of such batch of Products within sixty (60) days. In the event that the Purchaser fails to pay the aforementioned liquidated
damage after the expiration of the time limit, Bitmain shall be entitled to terminate this Agreement. If there are any remaining balance
of the Purchaser after deducting the liquidated damage, such remaining balance shall be refunded to the Purchaser free of any interest.
If the Purchaser requests to continue to make payment after previous delay, while Bitmain has not terminated this Agreement, Bitmain shall
be entitled to reject the payment temporarily and request the Purchaser to pay the aforementioned liquidated damage. Afterwards, the Parties
shall negotiate the settlement separately. If the Purchaser fails to pay the down payment on a timely basis and Bitmain has arranged production
or procurement, Bitmain shall be entitled to request the Purchaser to be responsible for the loss related to such production or procurement
and the liability of the Purchaser shall be no more than 20% of the Total Purchase Price.

 

3.3 The
Total Purchase Price set forth in this Agreement is merely an estimate of the price and not the actual price. The actual price will be
determined fifteen (15) days before the current batch is shipped and with reference to the market circumstances, provided that the actual
price shall not be higher than the estimated price.

 

3.4 Upon
receipt of notification of the actual price provided by Bitmain, the Purchaser shall be entitled to three options:

 

		(i)	continue to perform the Order of the current batch of the Product(s) with the original
rated hashrate and pay the remaining amount at the actual price; or

 

		(ii)	request Bitmain to increase the rated hashrate in equivalent to the difference in
price. Under this circumstance, Bitmain shall have the right to negotiate with the Purchaser for the amount of the additional rated hashrate
based on its then inventory; or

 

		(iii)	partially or wholly cancel the Order of the current batch of Product(s), provided
that the Purchaser has received the notification of the actual price. Before Bitmain notifies the actual price, the Purchaser shall make
the payment timely as specified in 3.1.

 

    -4-

     

    

 

Under this circumstance, the
Purchaser shall not claim any refund from Bitmain. If the Purchaser has made payments and there is remaining balance, such remaining balance
may be credited to the balance of the Purchaser and its affiliates with Bitmain’s approval. The payments for the batches that the
Purchaser has cancelled cannot be used as down payments for any batch listed in this Agreement. However, the remaining balance shall be
refunded to the Purchaser free of any interest two years after the Order is cancelled.

 

Furthermore, the Purchaser shall
confirm in writing the result of its exercise of the options under this Clause within two (2) days after Bitmain provides the Purchaser
with the actual price, and if it is overdue and no agreement is reached between the Parties, the Purchaser shall be deemed to have voluntarily
and irrevocably waived its option under this Clause and the Parties shall continue to perform the Order of the current batch of Product(s)
with the original rated hashrate and the Purchaser shall pay the remaining amount at the actual price. If the Purchaser has exercised
its options, the payment of the current batch of Product(s) shall not be changed again.

 

3.5 The
Parties shall confirm the corresponding batch of the Product(s) of each payment before such payment is made by the Purchaser. This confirmation
shall be used to determine matters where different arrangements are applicable to different batches, such as the defaults of the Purchaser
and the product discount offered to the Purchaser.

 

3.6 Before
the delivery date, Bitmain shall be entitled to request the Purchaser to sign a Sales and Purchase Agreement by sending a written notice
to the Purchaser, and the Purchaser shall cooperate to sign such Sales and Purchase Agreement and pay the price of the remaining batch(s)
of Products to Bitmain as specified in this Agreement. If the Purchaser refuses to sign a Sales and Purchase Agreement as required by
Bitmain, Bitmain shall be entitled to request the Purchaser to perform its rights and obligations refer in this Agreement.

 

3.7 The
Parties understand and agree that the applicable prices of the Product(s) are inclusive of applicable bank transaction fee, but are exclusive
of any and all applicable import duties, taxes and governmental charges. The Purchaser shall pay or reimburse Bitmain for all taxes levied
on or assessed against the amounts payable hereunder. If any payment is subject to withholding, the Purchaser shall pay such additional
amounts as necessary, to ensure that Bitmain receives the full amount it would have received had payment not been subject to such withholding.

 

 4. Product Discount

 

Based on the sales results and
sales strategy, Bitmain is willing to offer the following discounts as set forth in clause 4.1:

 

4.1. With
respect of the signing of this Agreement, Bitmain offers the following discount to the Purchaser:

 

		4.1.1.	The Products under this Agreement consists of four (4) batches and the discount amount of each batch shall
be calculated separately.

 

		4.1.2.	Bitmain may provide different discounts to the Purchaser based on the actual amount
of the prepayment and the payment time.

 

    -5-

     

    

 

Discount Amount = Amount of
prepayment * 1% * Number of months prepaid. The amount of prepayment shall be calculated at the end of each month. The number of months
prepaid shall be calculated from the month of payment without counting the month of estimated delivery. If delivery is delayed, delayed
months shall not be counted in and the agreed delivery date shall prevail. For clarification, the payment date shall be the date as evidenced
in the remittance copy of such payment, and the discount term shall be calculated when the respective amounts under this Agreement have
been received by Bitmain in full and without further consideration of the remaining amount. Payment schedules may be further adjusted
in accordance with the actual situations.

 

		4.1.3.	If the Purchaser fails to make the payments on time, the discount applicable to
such batch shall be cancelled.

 

 4.2. No discount will be offered by Bitmain to the Purchaser.

 

 4.3. Bitmain shall offer [4%] discount to the Purchaser.

 

 5. Shipping of Product(s)

 

5.1. Bitmain
shall deliver the Products in accordance with the shipping schedule to the first carrier or the carrier designated by the Purchaser.

 

5.2. Subject
to the limitations stated in Appendix A, the terms of delivery of the Product(s) shall be CIP (carriage and insurance paid) to the US
according to Incoterms 2010) to the place of delivery designated by the Purchaser. Once the Product(s) have been delivered to the carrier,
Bitmain shall have fulfilled its obligation to supply the Product(s) to the Purchaser, and the title and risk of loss or damage to the
Product(s) shall pass to the Purchaser.

 

5.3. In
the event of any discrepancy between this Agreement and Bitmain’s cargo insurance policy regarding the insurance coverage, the then
effective Bitmain cargo insurance policy shall prevail, and Bitmain shall be required to provide the then effective insurance coverage
to the Purchaser.

 

5.4. If
Bitmain fails to deliver the Products after thirty (30) days after the prescribed deadline, the Purchaser shall be entitled to cancel
the Order of such batch of Products and request Bitmain to refund the price of such undelivered batch of Products together with an interest
at 0.0333% per day for the period from the next day of each payment of the price of such batch of Products to the date immediately prior
to the request for refund. In the event that the Purchaser does not cancel the Order of the undelivered batch of Products and requests
Bitmain to perform its delivery obligation, Bitmain shall continue to perform its delivery obligation and compensate the Purchaser in
accordance with Clause 5.5 of this Agreement.

 

5.5. If
Bitmain postpones the shipping schedule of the Products and the Purchaser does not cancel the Order, Bitmain shall make a compensation
to the Purchaser on daily basis, the amount of which shall equal to 0.0333% of the price of such undelivered batch of Products, which
compensation shall be made in the form of delivery of more rated hashrate. Amount less than one unit of Product shall be credited to the
balance of the Purchaser in the user system on Bitmain’s official website, which shall be viewable by the Purchaser.

 

    -6-

     

    

 

5.6. There
are four (4) batches of Products under this Agreement and each batch shall constitute independent legal obligations of and shall be performed
separately by the Parties. The delay of a particular batch shall not constitute waiver of the payment obligation of the Purchaser in respect
of other batches. The Purchaser shall not be entitled to terminate this Agreement solely on the ground of delay of delivery of a single
batch of Products.

 

5.7. The
purchaser shall choose the following shipping method:

 

■
Shipping by Bitmain via Fedex/DHL/UPS/other logistics company;☐
Self-pick

 

Note: Logistics
costs shall be borne by the Purchaser. Bitmain may collect payments on behalf of the services providers and issue services invoices if
the Purchaser requests Bitmain to send the Products.

 

5.8. Bitmain
shall not be responsible for any delivery delay caused by the Purchaser or any third party, including but not limited to the carrier,
the customs, and the import brokers, nor shall it be liable for damages, whether direct, indirect, incidental, consequential, or otherwise,
for any failure, delay or error in delivery of any Product(s) for any reason whatsoever.

 

5.9. Bitmain
shall not be responsible and the Purchaser shall be fully and exclusively responsible for any loss of Product(s), personal injury, property
damage, other damage or liability caused by the Product(s) or the transportation of the Product(s) either to the Purchaser or any third
party, or theft of the Product(s) during transportation from Bitmain to the Purchaser.

 

5.10. Bitmain
has the right to discontinue the sale of the Product(s) and to make changes to its Product(s) at any time, without prior approval from
or notice to the Purchaser.

 

5.11. If
the Product(s) is rejected and/or returned back to Bitmain because of any reason and regardless of the cause of such delivery failure,
the Purchaser shall be solely and exclusively liable for and shall defend, fully indemnify and hold harmless Bitmain against any and all
related expenses, fees, charges and costs incurred, arising out of or incidental to such rejection and/or return (the “Return Expense”).
Furthermore, if the Purchaser would like to ask for Bitmain’s assistance in redelivering such Product(s) or assist in any other
manner, and if Bitmain at its sole discretion decides to provide this assistance, then in addition to the Return Expense, the Purchaser
shall also pay Bitmain an administrative fee in accordance with Bitmain’s then applicable internal policy.

 

5.12. If
the Purchaser fails to provide Bitmain with the delivery place or the delivery place provided by the Purchaser is a false address or does
not exist, or the Purchaser reject to accept the Products, any related costs occurred (including storage costs, warehousing charge and
labor costs) shall be borne by the Purchaser. Bitmain may issue the Purchaser a notice of self-pick-up and ask the Purchaser to pick up
the Products itself. Bitmain shall be deemed to have completed the delivery obligation under this Agreement after two (2) business days
following the issue of the self-pick-up notice. After thirty (30) days of the self-pick-up notice, the Purchaser shall be entitled to
deal with the Products in any manner as it deems appropriate.

 

    -7-

     

    

 

5.13. The
Purchaser shall inspect the Products within three (3) days (the “Acceptance Time”) after receiving the Products (the date
of signature on the carrier’s delivery voucher shall be the date of receipt), if the Purchaser does not raise any written objection
within the agreed Acceptance Time, the Products delivered by Bitmain shall be deemed to be in full compliance with the provisions of this
Agreement.

 

 6. Customs

 

6.1. Bitmain
shall obtain in due time and maintain throughout the term of this Agreement (if applicable), any and all approvals, permits, authorizations,
licenses and clearances for the export of the Product(s) that are required to be obtained by Bitmain or the carrier under Applicable Laws.

 

6.2. The
Purchaser shall obtain in due time and maintain throughout the term of this Agreement (if applicable), any and all approvals, permits,
authorizations, licenses and clearances required for the import of the Product(s) to the country of delivery as indicated in the shipping
information, that are required to be obtained by the Purchaser or the carrier under Applicable Laws, and shall be responsible for any
and all additional fees, expenses and charges in relation to the import of the Product(s).

 

6.3. To
the extent permitted by laws, except for the Warranty as set forth in Section 7 of this Agreement, Bitmain provides no other warranty,
whether explicit or implied, in any form, including, but not limited to, the warranty of the marketability, satisfaction of the quality,
suitability for the specific purpose, not infringing third party’s right, etc. In addition, Bitmain shall not be responsible for
any direct, specific, incidental, accidental or indirect loss arising from the use of the Product(s), including but not limited to the
loss of commercial profits.

 

6.4. Bitmain
shall not be liable for any loss caused by:

 

		(i)	failure of the Purchaser to use the Product(s) in accordance with the manual, specifications,
operation descriptions or operation conditions provided by Bitmain in writing;

 

		(ii)	the non-operation of the Product(s) during the replacement/maintenance period or
caused by other reasons;

 

		(iii)	confiscation, seizure, search or other actions taken by government agencies such
as customs.

 

 7. Warranty

 

7.1.1 The
Warranty Period shall start on the Warranty Start Date and end on the 365th day after the Warranty Start Date. During the Warranty
Period, the Purchaser’s sole and exclusive remedy, and Bitmain’s entire liability, will be to repair or replace, at Bitmain’s
option, the defective part/component of the Product(s) or the defective Product(s) at no charge to the Purchaser. If the Purchaser requires
Bitmain to provide any warranty services, the Purchaser shall create a maintenance order on Bitmain’s website during the Warranty
Period (the time of creation of the maintenance order shall be determined by the display time of such order on Bitmain’s website)
and send the Product to the place designated by Bitmain within the time limit required by Bitmain. Otherwise, Bitmain shall be entitled
to refuse to provide the warranty service.

 

    -8-

     

    

 

7.1.2 The
Parties acknowledge and agree that the warranty provided by Bitmain as stated in the preceding paragraph does not apply to the following:

 

		(i)	normal wear and tear;

 

		(ii)	damage resulting from accident, abuse, misuse, neglect, improper handling or improper installation;

 

		(iii)	damage or loss of the Product(s) caused by undue physical or electrical stress, including but not limited
to moisture, corrosive environments, high voltage surges, extreme temperatures, shipping, or abnormal working conditions;

 

		(iv)	damage or loss of the Product(s) caused by acts of nature including, but not limited to, floods, storms,
fires, pandemics and earthquakes;

 

		(v)	damage caused by operator error, or non-compliance with instructions as set out in accompanying documentation;

 

		(vi)	alterations by persons other than Bitmain, associated partners or authorized service facilities;

 

		(vii)	Product(s), on which the original software has been replaced or modified by persons other than Bitmain,
associated partners or authorized service facilities;

 

		(viii)	counterfeit Products;

 

		(ix)	damage or loss of data due to interoperability with current and/or future versions of operating system,
software and/or hardware;

 

		(x)	damage or loss of data caused by improper usage and behavior which is not recommended and/or permitted
in the Product documentation;

 

		(xi)	failure of the Product(s) caused by usage of Products not supplied by Bitmain; and

 

		(xii)	hash boards or chips are burnt.

 

In case the warranty
is voided, Bitmain may, at its sole discretion, provide repair service to the Purchaser, and the Purchaser shall bear all related expenses
and costs.

 

7.2 Title.
Bitmain owns, and at the Closing shall have, good, valid and marketable title to the Products and full right to transfer title to the
Products free and clear of all liens, mortgages, charges, liabilities, claims, security interests or Encumbrances of every type whatsoever,
except statutory liens and liabilities created by Purchaser.

 

    -9-

     

    

 

7.3 Compliance
with Laws. To Bitmain’s knowledge the operations and activities of Bitmain concerning the Products have previously and continue
to comply in all respects with all applicable Federal, state, local or foreign laws, statutes, codes, ordinances, rules, regulations,
permits, judgments, orders, writs, awards, decrees or injunctions (collectively, the “Laws”), as in effect on or before the
date of this Agreement. Neither the ownership nor use of the Products conflicts with the rights of any other person, firm or corporation
or violates, or with or without the giving of notice or the passage of time, or both, will violate, conflict with or result in a default,
right to accelerate or loss of rights under any encumbrance, or Laws to which Bitmain is a party or by which it or the Products may be
bound or affected. Bitmain has not received any written notice of communication from any third party asserting a failure to comply with
any Laws, nor has Bitmain received any written notice that any authority or third party intends to seek enforcement against it to compel
compliance with any such Laws.

 

7.4 Consents
and Regulatory Approvals.

 

		(i)	No material consent, approval, waiver, license, permit, order or authorization (“Consent”)
of, or registration, declaration or filing with, or Governmental Authorization from, any Governmental Entity is required to be obtained
or made by Bitmain in connection with the execution, delivery and performance of this Agreement or the consummation of the transactions
contemplated by this Agreement.

 

		(ii)	The execution of this Agreement and the consummation of the transactions contemplated by this Agreement
will not result in the breach of any term or provision of, or constitute an event of default under, any material indenture, mortgage,
deed of trust or other material contract, agreement or instrument to which Bitmain is a party or to which any of its properties or operations
are subject.

 

7.5 Notwithstanding
anything to the contrary herein, the Purchaser acknowledges and agrees that the Product(s) provided by Bitmain do not guarantee any cryptocurrency
mining time and, Bitmain shall not be liable for any cryptocurrency mining time loss or cryptocurrency mining revenue loss that are caused
by downtime of any part/component of the Product(s). Bitmain does not warrant that the Product(s) will meet the Purchaser’s requirements
or the Product(s) will be uninterrupted or error free. Except as provided in Clause 7.1 of this Agreement, Bitmain makes no warranties
to the Purchaser with respect to the Product(s), and no warranties of any kind, whether written, oral, express, implied or statutory,
including warranties of merchantability, fitness for a particular purpose or non-infringement or arising from course of dealing or usage
in trade shall apply.

 

7.6 In
the event of any ambiguity or discrepancy between this Clause 7 of this Agreement and Bitmain’s After-sales Service Policy from
time to time, it is intended that the After-sales Service Policy shall prevail and the Parties shall comply with and give effect to the
After-sales Service Policy. Please refer to the website of Bitmain for detailed terms of warranty and after-sales maintenance. Bitmain
has no obligation to notify the Purchaser of the update or modification of such terms.

 

7.7 During
the warranty period, if the hardware product needs to be repaired or replaced, the Purchaser shall bear the logistics costs of shipping
the Product to the address designated by Bitmain, and Bitmain shall bear the logistics costs of shipping back the repaired or replaced
Product to the address designated by the Purchaser. The Purchaser shall bear all and any additional costs incurred due to incorrect or
incomplete delivery information provided by the Purchaser and all and any risks of loss or damage to the Product, or the parts or components
of the Products during the transportation period (including the transportation period when the product is sent to Bitmain and returned
by Bitmain to the Purchaser).

 

    -10-

     

    

 

 8. Representations and Warranties

 

The Purchaser
makes the following representations and warranties to Bitmain:

 

 8.1. It has the full power and authority to own its assets and carry on its businesses.

 

8.2. The
obligations expressed to be assumed by it under this Agreement are legal, valid, binding and enforceable obligations.

 

8.3. It
has the power to enter into, perform and deliver, and has taken all necessary action to authorize its entry into, performance and delivery
of, this Agreement and the transactions contemplated by this Agreement.

 

8.4. The
entry into and performance by it of, and the transactions contemplated by, this Agreement do not and will not conflict with:

 

		(i)	any Applicable Law;

 

		(ii)	its constitutional documents; or

 

		(iii)	any agreement or instrument binding upon it or any of its assets.

 

8.5. All
authorizations required or desirable:

 

		(i)	to enable it lawfully to enter into, exercise its rights under and comply with its obligations under this
Agreement;

 

		(ii)	to ensure that those obligations are legal, valid, binding and enforceable; and

 

		(iii)	to make this Agreement admissible in evidence in its jurisdiction of incorporation, have been or
will have been by the time, obtained or effected and are, or will be by the appropriate time, in full force and effect.

 

8.6. It
is not aware of any circumstances which are likely to lead to:

 

		(i)	any authorization obtained or effected not remaining in full force and effect;

 

		(ii)	any authorization not being obtained, renewed or effected when required or desirable; or

 

		(iii)	any authorization being subject to a condition or requirement which it does not reasonably expect to satisfy
or the compliance with which has or could reasonably be expected to have a material adverse effect.

 

    -11-

     

    

 

8.7. (a) It is not the
target of economic sanctions administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S.
Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury or Singapore
(“Sanctions”), including by being listed on the Specially Designated Nationals and Blocked Persons (SDN) List maintained
by OFAC or any other Sanctions list maintained by one of the foregoing governmental authorities, directly or indirectly owned or
controlled by one or more SDNs or other Persons included on any other Sanctions list, or located, organized or resident in a country
or territory that is the target of Sanctions, and (b) the purchase of the Product(s) will not violate any Sanctions or import and
export control related laws and regulations.

 

8.8. All
information supplied by the Purchaser is and shall be true and correct, and the information does not contain and will not contain any
statement that is false or misleading.

 

 9. Indemnification and Limitation of Liability

 

9.1. The
Purchaser shall, during the term of this Agreement and at any time thereafter, indemnify and save Bitmain and/or its Affiliates harmless
from and against any and all damages, suits, claims, judgments, liabilities, losses, fees, costs or expenses of any kind, including legal
fees, whatsoever arising out of or incidental to the Products pursuant to this Agreement.

 

9.2. Notwithstanding
anything to the contrary herein, Bitmain and its Affiliates shall under no circumstances, be liable to the Purchaser for any consequential
loss, or loss of goodwill, business, anticipated profits, revenue, contract, or business opportunity arising out of or in connection with
this Agreement, and the Purchaser hereby waives any claim it may at any time have against Bitmain and its Affiliates in respect of any
such damages. The foregoing limitation of liability shall apply whether in an action at law, including but not limited to contract, strict
liability, negligence or an action in equity, but not for willful misconduct, fraud or criminal conduct.

 

9.3. Bitmain
and its Affiliates’ cumulative aggregate liability pursuant to this Agreement, whether arising from tort, breach of contract or
any other cause of action shall be limited to and not exceed the amount of one hundred percent (100%) of the payment actually received
by Bitmain from the Purchaser for the Product(s).

 

9.4. The
Product(s) are not designed, manufactured or intended for use in hazardous or critical environments or in activities requiring emergency
or fail-safe operation, such as the operation of nuclear facilities, aircraft navigation or communication systems or in any other applications
or activities in which failure of the Product(s) may pose the risk of environmental harm or physical injury or death to humans. Bitmain
specifically disclaims any express or implied warranty of fitness for any of the above described application and any such use shall be
at the Purchaser’s sole risk.

 

9.5. The
above limitations and exclusions shall apply (1) notwithstanding failure of essential purpose of any exclusive or limited remedy; and
(2) whether or not Bitmain has been advised of the possibility of such damages. This Clause allocates the risks under this Agreement and
Bitmain’s pricing reflects this allocation of risk and the above limitations.

 

    -12-

     

    

 

 10. Distribution

 

10.1. This
Agreement does not constitute a distributor agreement between Bitmain and the Purchaser. Therefore, the Purchaser is not an authorized
distributor of Bitmain.

 

10.2. The
Purchaser shall in no event claim or imply to a third party that it is an authorized distributor of Bitmain or Bitmain (Antminer) or any
similar terms, or perform any act that will cause it to be construed as an authorized distributor of Bitmain or Bitmain (Antminer). As
between the Purchaser and Bitmain, the Purchaser shall be exclusively and fully responsible for complying with the Applicable Laws regarding
repackaging the Product(s) for the Purchaser’s redistribution needs, and shall be solely liable for any and all liabilities or costs
directly incurred or incidental to such redistribution.

 

 11. Intellectual Property Rights

 

11.1. The
Parties agree that the Intellectual Property Rights in any way contained in the Product(s), made, conceived or developed by Bitmain and/or
its Affiliates for the Product(s) under this Agreement and/or, achieved, derived from, related to, connected with the provision of the
Product(s) by Bitmain and/or acquired by Bitmain from any other person in performance of this Agreement shall be the exclusive property
of Bitmain and/or its Affiliates.

 

11.2. Notwithstanding
anything to the contrary herein, all Intellectual Property Rights in the Product(s) shall remain the exclusive property of Bitmain and/or
its licensors. Except for licenses explicitly identified in Bitmain’s Shipping Confirmation or in this Clause 11.2, no rights or
licenses are expressly granted, or implied, whether by estoppel or otherwise, in respect of any Intellectual Property Rights of Bitmain
and/or its Affiliates or any Intellectual Property residing in the Product(s) provided by Bitmain to the Purchaser, including in any documentation
or any data furnished by Bitmain. Bitmain grants the Purchaser a non-exclusive, non-transferrable, royalty-free and irrevocable license
of Bitmain and/or its Affiliates’ Intellectual Property Rights to solely use the Product(s) delivered by Bitmain to the Purchaser
for their ordinary function, and subject to the Clauses set forth herein. The Purchaser shall in no event violate the Intellectual Property
Rights of Bitmain and/or its licensors.

 

11.3. The
Purchaser shall not illegally use or infringe the Intellectual Property Rights of the Product in any other measure. Otherwise, Bitmain
shall have the right to request the Purchaser to take immediate remedial measures and assume full responsibilities, including but not
limited to ceasing the infringement immediately, eliminating the impact, and compensating Bitmain and/or its suppliers for all losses
arising out of the infringement, etc.

 

11.4. The
Purchaser shall not use any technical means to disassemble, mapping or analyze the Products of Bitmain that the Purchaser obtains publicly
to retrieve relevant technical information of the Products and use it for commercial purposes. Otherwise, The Purchaser shall be liable
for losses caused to Bitmain in accordance with Clause 11.3.

 

11.5. If
applicable, payment by the Purchaser of non-recurring charges to Bitmain for any special designs, or engineering or production materials
required for Bitmain’s performance of Orders for customized Product(s), shall not be construed as payment for the assignment from
Bitmain to the Purchaser of title to the design or special materials. Bitmain shall be the sole owner of such special designs, engineering
or production materials.

 

    -13-

     

    

 

 12. Confidentiality and Communications

 

12.1. All
information concerning this Agreement and matters pertaining to or derived from the provision of Product(s) pursuant to this Agreement
between the Parties, whether in oral or written form, or in the form of drawings, computer programs or other, as well as all data derived
therefrom (“Confidential Information”), shall be deemed to be confidential and, as such, may not be divulged to any unauthorized
person. The Purchaser undertakes and agrees to take all reasonable and practicable steps to ensure and protect the confidentiality of
the Confidential Information which cannot be passed, sold, traded, published or disclosed to any unauthorized person.

 

12.2. Except
as required by applicable federal, state, local or foreign law or regulation, the term “Confidential Information” as used
in this Agreement shall not include information that:

 

		12.2.1	at the time of disclosure is, or thereafter becomes, generally available to and known by the public other
than as a result of, directly or indirectly, any violation of this Agreement by the recipient or any of its representatives;

 

		12.2.2	at the time of disclosure is, or thereafter becomes, available to the recipient on a non-confidential
basis from a third-party source, provided that such third party is not and was not prohibited from disclosing such Confidential Information
to the recipient by a legal, fiduciary, or contractual obligation to the disclosing Party;

 

		12.2.3	was known by or in the possession of the recipient or its representatives, as established by documentary
evidence, before being disclosed by or on behalf of the disclosing Party under this Agreement; or

 

		12.2.4	was or is independently developed by the recipient, as established by documentary evidence, without reference
to or use of, in whole or in part, any of the disclosing Party’s Confidential Information.

 

 13. Term of this Agreement

 

13.1. The
Parties agree that, unless this Agreement specifies otherwise, no Party shall terminate this Agreement in advance.

 

13.2. This
Agreement shall be effective upon signing of this Agreement and shall remain effective up to and until the delivery of the last batch
of Products.

 

 14. Notices

 

14.1. All
notices, requirements, requests, claims, and other communications in relation to this Agreement shall be in writing, and shall be given
or made by delivery in person, by an internationally recognized overnight courier
service, by facsimile or registered or certified mail (postage prepaid, return receipt requested) or electronic mail to the respective
Parties at the addresses specified below or at such other address for a Party as may be specified in a notice given in accordance with
this Section 14.1.

 

    -14-

     

    

 

 14.2. The following are the initial address of each Party:

 

If to the
Purchaser:

 

Address: 33
Irving Place, New York, NY 10003 USA

 

Attn: Bryan
Bullett; Erke Huang

 

Phone: +1
917-288-1310; +86 189 2521 4533

 

Email:
bryan@gmail.com; erkeh@bit-digital.com

 

If to Bitmain:

 

Address: Building
#1, Courtyard #9, Fenghao East Road, Haidian District, Beijing, China

 

Attn: Qingqing Miao

 

Phone: +86 15842495691

 

Email: qingqing.miao@bitmain.com

 

14.3. All
such notices and other communications shall be deemed effective in the following situations:

 

		(i)	if sent by delivery in person, on the same day of the delivery;

 

		(ii)	if sent by registered or certified mail or overnight courier service, on the same day the written confirmation
of delivery is sent; and

 

		(iii)	if sent by electronic mail, at the entrance of the related electronic mail into the recipient’s
electronic mail server.

 

 15. Compliance with Laws and Regulations

 

15.1. The
Purchaser undertakes that it will fully comply with all Applicable Laws in relation to export and import controls and sanctions and shall
not take any action that would cause Bitmain or any of its Affiliates to be in violation of any export and import control laws or sanctions.
The Purchaser shall also be fully and exclusively liable for and shall defend, fully indemnify and hold harmless Bitmain and/or its Affiliates
from and against any and all claims, demands, actions, costs or proceedings brought or instituted against Bitmain and/or its Affiliates
arising out of or in connection with any breach by the Purchaser or the carrier of any Applicable Laws in relation to export and import
control or sanction.

 

    -15-

     

    

 

15.2. The
Purchaser acknowledges and agrees that the Product(s) in this Agreement are subject to the export control laws and regulations of all
related countries, including but not limited to the Export Administration Regulations (“EAR”) of the United States. Without
limiting the foregoing, the Purchaser shall not, without receiving the proper licenses or license exceptions from all related governmental
authorities, including but not limited to the U.S. Bureau of Industry and Security, distribute, re-distribute, export, re-export, or transfer
any Product(s) subject to this Agreement either directly or indirectly, to any national of any country identified in Country Groups D:1
or E:1 as defined in the EARs. In addition, the Product(s) under this Agreement may not be exported, re-exported, or transferred to (a)
any person or entity for military purposes; (b) any person or entity listed on the “Entity List”, “Denied Persons List”
or the SDN List as such lists are maintained by the U.S. Government, or (c) an end-user engaged in activities related to weapons of mass
destruction. Such activities include but are not necessarily limited to activities related to: (1) the design, development, production,
or use of nuclear materials, nuclear facilities, or nuclear weapons; (2) the design, development, production, or use of missiles or support
of missiles projects; and (3) the design, development, production, or use of chemical or biological weapons. The Purchaser further agrees
that it will not do any of the foregoing in violation of any restriction, law, or regulation of the European Union or an individual EU
member state that imposes on an exporter a burden equivalent to or greater than that imposed by the U.S. Bureau of Industry and Security.

 

15.3. The
Purchaser undertakes that it will not take any action under this Agreement or use the Product(s) in a way that will be a breach of any
anti-money laundering laws, any anti-corruption laws, and/or any counter-terrorist financing laws.

 

15.4. The
Purchaser warrants that the Product(s) have been purchased with funds that are from legitimate sources and such funds do not constitute
proceeds of criminal conduct, or realizable property, or proceeds of terrorism financing or property of terrorist, within the meaning
given in the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (Chapter 65A) and the Terrorism (Suppression
of Financing) Act (Chapter 325), respectively. If Bitmain receives, including but not limited to investigation, evidence collection, restriction
and other measures, from any competent organizations or institutions, the Purchaser shall immediately cooperate with Bitmain and such
competent organizations or institutions in the investigation process, and Bitmain may request the Purchaser to provide necessary security
if so required. If any competent organizations or institutions request Bitmain to seize or freeze the Purchaser’s Products and funds
(or take any other measures), Bitmain shall be obliged to cooperate with such competent organizations or institutions, and shall not be
deemed as breach of this Agreement. The Purchaser understands that if any Person resident in Singapore knows or suspects or has reasonable
grounds for knowing or suspecting that another Person is engaged in criminal conduct or is involved with terrorism or terrorist property
and the information for that knowledge or suspicion came to their attention in the course of business in the regulated sector, or other
trade, profession, business or employment, the Person will be required to report such knowledge or suspicion to the Suspicious Transaction
Reporting Office, Commercial Affairs Department of the Singapore Police Force. The Purchaser acknowledges that such a report shall not
be treated as breach of confidence or violation of any restriction upon the disclosure of information imposed by any Applicable Law, contractually
or otherwise.

 

    -16-

     

    

 

 16. Force Majeure

 

16.1. To
the extent that a Party is fully or partially delayed, prevented or hindered by an event of Force Majeure from performing any obligation
under this Agreement (other than an obligation to make payment), subject to the exercise of reasonable diligence by the affected Party,
the failure to perform shall be excused by the occurrence of such event of Force Majeure. A Party claiming that its performance is excused
by an event of Force Majeure shall, promptly after the occurrence of such event of Force Majeure, notify the other Party of the nature,
date of inception and expected duration of such event of Force Majeure and the extent to which the Party expects that the event will delay,
prevent or hinder the Party from performing its obligations under this Agreement. The notifying Party shall thereafter use its best effort
to eliminate such event of Force Majeure and mitigate its effects.

 

16.2. The
affected Party shall use reasonable diligence to remove the event of Force Majeure, and shall keep the other Party informed of all significant
developments.

 

16.3. Except
in the case of an event of Force Majeure, neither party may terminate this Agreement prior to its expiry date.

 

16.4. The
Parties agree that, except for the prohibition of production and sale of Super Computing Server by the local government for Bitmain, other
related government actions shall not be deemed as Force Majeure.

 

 17. Entire Agreement and Amendment

 

This Agreement, constitutes
the entire agreement of the Parties hereto and can only be amended with the written consent of both Parties or otherwise as mutually agreed
by both Parties.

 

 18. Assignment

 

18.1. Bitmain
may freely assign or transfer any of its rights, benefits or obligations under this Agreement in whole or in part to its Affiliates or
to any third party. The Purchaser may not assign or transfer any of its rights, benefits or obligations under this Agreement in whole
or in part without Bitmain’s prior written consent.

 

18.2. This
Agreement shall be binding upon and enure to the benefit of each Party to this Agreement and its successors in title and permitted assigns.

 

 19. Severability

 

To the extent possible,
if any provision of this Agreement is held to be illegal, invalid or unenforceable in whole or in part by a court, the provision shall
apply with whatever deletion or modification is necessary so that such provision is legal, valid and enforceable and gives effect to the
commercial intention of the Parties. The remaining provisions of this Agreement shall not be affected and shall remain in full force and
effect.

 

 20. Personal Data

 

Depending
on the nature of the Purchaser’s interaction with Bitmain, some examples of personal data which Bitmain may collect from the Purchaser
include the Purchaser’s name and identification information, contact information such as the Purchaser’s address, email address
and telephone number, nationality, gender, date of birth, and financial information such as credit card numbers, debit card numbers and
bank account information.

 

    -17-

     

    

 

Bitmain generally
does not collect the Purchaser’s personal data unless (a) it is provided to Bitmain voluntarily by the Purchaser directly or via
a third party who has been duly authorized by the Purchaser to disclose the Purchaser’s personal data to Bitmain (the Purchaser’s
“authorized representative”) after (i) the Purchaser (or the Purchaser’s authorized representative) has been notified
of the purposes for which the data is collected, and (ii) the Purchaser (or the Purchaser’s authorized representative) has provided
written consent to the collection and usage of the Purchaser’s personal data for those purposes, or (b) collection and use of personal
data without consent is permitted or required by related laws. Bitmain shall seek the Purchaser’s consent before collecting any
additional personal data and before using the Purchaser’s personal data for a purpose which has not been notified to the Purchaser
(except where permitted or authorized by law).

 

 21. Conflict with the Terms and Conditions

 

In the event of any ambiguity
or discrepancy between the Clauses of this Agreement and the Terms and Conditions from time to time, it is intended that the Clauses of
this Agreement shall prevail and the Parties shall comply with and give effect to this Agreement.

 

 22. Governing Law and Dispute Resolution

 

22.1. This
Agreement shall be solely governed by and construed in accordance with the laws of Hong Kong.

 

22.2. Any
dispute, controversy, difference or claim arising out of or relating to this Agreement, including the existence, validity, interpretation,
performance, breach or termination hereof or any dispute regarding non-contractual obligations arising out of or relating to this Agreement
shall be referred to and finally resolved by arbitration administered by the Hong Kong International Arbitration Center under the UNCITRAL
Arbitration Rules in force when the notice of arbitration is submitted. The decision and awards of the arbitration shall be final and
binding upon the parties hereto.

 

 23. Waiver

 

Failure by either
Party to enforce at any time any provision of this Agreement, or to exercise any election of options provided herein shall not constitute
a waiver of such provision or option, nor affect the validity of this Agreement or any part hereof, or the right of the waiving Party
to thereafter enforce each and every such provision or option.

 

 24. Counterparts and Electronic Signatures

 

This Agreement may
be executed in one or more counterparts, each of which will be deemed to be an original copy of this Agreement, and all of which, when
taken together, will be deemed to constitute one and the same agreement. The facsimile, email or other electronically delivered signatures
of the Parties shall be deemed to constitute original signatures, and facsimile or electronic copies hereof shall be deemed to constitute
duplicate originals.

 

 25. Further Assurance

 

Each Party undertakes
to the other Party to execute or procure to be executed all such documents and to do or procure to be done all such other acts and things
as may be reasonable and necessary to give all Parties the full benefit of this Agreement.

 

 26. Third Party Rights

 

A person who is not
a Party to this Agreement has no right under the Contracts (Rights of Third Parties) Ordinance (Chapter 623 of the Laws of Hong Kong)
to enforce or to enjoy the benefit of any term of this Agreement.

 

 27. Liquidated Damages Not Penalty

 

It is expressly agreed
that any liquidated damages payable under this Agreement do not constitute a penalty and that the Parties, having negotiated in good faith
for such specific liquidated damages and having agreed that the amount of such liquidated damages is reasonable in light of the anticipated
harm caused by the breach related thereto and the difficulties of proof of loss and inconvenience or non-feasibility of obtaining any
adequate remedy, are estopped from contesting the validity or enforceability of such liquidated damages.

 

(The rest part of the page
is intentionally left in blank)

 

    -18-

     

    

 

Signed for and on behalf of
Bitmain

 

	 	Bitmain Technologies Limited
	 	 	 
	 	Signature: 	/s/ Irene Gao
	 	Title:	Antminer Sales Director of NCSA Region, Bitmain

 

Signed for and on behalf of
the Purchaser

 

	 	Bit Digital USA, Inc.
	 	 	 
	 	Signature: 	/s/ Bryan Bullett
	 	Title:	Chief Executive Officer

 

    -19-EX-4.1

 Exhibit 4.1 

WARRANT AGREEMENT 
 ROSE
HILL ACQUISITION CORPORATION 
 and 

CONTINENTAL STOCK TRANSFER & TRUST COMPANY 

Dated October 13, 2021 
 THIS
WARRANT AGREEMENT (this “Agreement”), dated October 13, 2021, is by and between Rose Hill Acquisition Corporation, a Cayman Islands exempted company (the “Company”), and Continental Stock
Transfer & Trust Company, a New York Limited purpose Company, as warrant agent (in such capacity, the “Warrant Agent”). 

WHEREAS, it is proposed that the Company enter into certain Private Placement Warrants Purchase Agreements, with Rose Hill Sponsor LLC, a
Delaware limited liability company (the “Sponsor”), Cantor Fitzgerald & Co., the representative of the underwriters (“Cantor”) and Cohen & Company Capital Markets, a division of
J.V.B. Financial Group, LLC (“CCM”), pursuant to which the Sponsor, Cantor and CCM will purchase an aggregate of 5,500,000 warrants (or up to 6,100,000 warrants if the underwriters in the Offering (defined below) exercise
their Over-allotment Option (as defined below) in full) simultaneously with the closing of the Offering (and the closing of the Over-allotment Option, if applicable), bearing the legend set forth in Exhibit B hereto (the “Private
Placement Warrants”) at a purchase price of $1.25 per Private Placement Warrant. Each Private Placement Warrant entitles the holder thereof to purchase one Ordinary Share (as defined below) at a price of $11.50 per share, subject to
adjustment as described herein; 
 WHEREAS, in order to finance the Company’s transaction costs in connection with an intended initial
merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination, involving the Company and one or more businesses (a “Business Combination”), the Sponsor or an affiliate of the
Sponsor or certain of the Company’s officers and directors may, but are not obligated to, loan 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 1,200,000 Private
Placement Warrants at a price of $1.25 per Private Placement Warrant; 
 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 Ordinary Share and one-half of one Public Warrant (as defined below) (the
“Units”) and, in connection therewith, has determined to issue and deliver up to 7,187,500 redeemable warrants (including up to 937,500 redeemable warrants subject to the Over-allotment Option) to public investors in the
Offering (the “Public Warrants” and, together with the Private Placement Warrants, the “Warrants”). Each whole Warrant entitles the holder thereof to purchase one Class A ordinary share of the
Company, par value $0.0001 per share (the “Ordinary Shares”), for $11.50 per share, subject to adjustment as described herein. Only whole Warrants are exercisable. A holder of the Public Warrants will not be able to exercise
any fraction of a Warrant; 

 WHEREAS, the Company has filed with the Securities and Exchange Commission (the
“Commission”) a registration statement on Form S-1, File No. 333-259532, and a 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 Ordinary Shares included in the Units; 

WHEREAS, the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with
the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; 
 WHEREAS, the Company desires to provide for the
form and provisions of the Warrants, the terms upon which they shall be issued and exercised, and the respective rights, limitation of rights and immunities of the Company, the Warrant Agent and the holders of the Warrants; and 

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

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

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

2. Warrants. 
 2.1 Form
of Warrant. Each Warrant shall initially be issued in registered form only. 
 2.2 Effect of Countersignature. If a physical
certificate is issued, unless and until countersigned by the Warrant Agent pursuant to this Agreement, a certificated Warrant shall be invalid and of no effect and may not be exercised by the holder thereof. 

2.3 Registration. 
 2.3.1
Warrant Register. The Warrant Agent shall maintain books (the “Warrant Register”), for the registration of original issuance and the registration of transfer of the Warrants. Upon the initial issuance of the Warrants
in book-entry form, the Warrant Agent shall issue and register the Warrants in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Warrant Agent by the Company. Ownership
of beneficial interests in the Public Warrants shall be shown on, and the transfer of such ownership shall be effected through, records maintained by institutions that have accounts with The Depository Trust Company (the
“Depositary”) (such institution, with respect to a Warrant in its account, a “Participant”). 

  
 2 

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

Physical certificates, if issued, shall be signed by, or bear the facsimile signature of, the Chairman of the Board and the Chief Executive Officer 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. 
 2.3.2 Registered Holder. Prior to due
presentment for registration of transfer of any Warrant, the Company and the Warrant Agent may deem and treat the person in whose name such Warrant is registered in the Warrant Register (the “Registered Holder”) as the
absolute owner of such Warrant and of each Warrant represented thereby, for the purpose of any exercise thereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary. 

2.4 Detachability of Warrants. The Ordinary Shares 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, but in no event shall the Ordinary Shares 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 then 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 announcing when such separate trading shall begin. 

2.5 Fractional Warrants. The Company shall not issue fractional Warrants other than as part of the Units, each of which is comprised of
one Ordinary Share and one-half of one whole Public Warrant. If, upon the detachment of Public Warrants from the 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. 

  
 3 

 2.6 Private Placement Warrants. The Private Placement Warrants shall be identical to
the Public Warrants, except that so long as they are held by the Sponsor, Cantor or CCM or any of their Permitted Transferees (as defined below), the Private Placement Warrants: (i) may be exercised for cash or on a “cashless basis,”
pursuant to subsection 3.3.1(c) hereof, (ii) including the Ordinary Shares issuable upon exercise of the Private Placement Warrants, may not be transferred, assigned or sold until thirty (30) days after the completion by the Company
of an initial Business Combination, (iii) shall not be redeemable by the Company; provided, however, that in the case of (ii), the Private Placement Warrants and any Ordinary Shares issued upon exercise of the Private Placement
Warrants may be transferred by the holders thereof: 
 (a) to the Company’s officers or directors, any affiliates or
family members of any of the Company’s officers or directors, any members or partners of the Sponsor, Cantor or CCM or their respective affiliates, any affiliates of the Sponsor, Cantor or CCM or any employees of such affiliates; 

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

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

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

(e) by private sales or transfers made in connection with any forward purchase agreement or similar arrangement or in
connection with the consummation of the Company’s Business Combination at prices no greater than the price at which the Private Placement Warrants or Ordinary Shares, as applicable, were originally purchased; 

(f) by virtue of the Sponsor’s, Cantor’s or CCM’s organizational documents upon liquidation or dissolution of
the applicable entity; 
 (g) to the Company for no value for cancellation in connection with the consummation of an initial
Business Combination; 
 (h) in the event of the Company’s liquidation prior to the completion of its initial Business
Combination; or 
 (i) in the event of the Company’s completion of a liquidation, merger, share exchange or other
similar transaction which results in all of the public shareholders having the right to exchange their Ordinary Shares for cash, securities or other property subsequent to the completion of the Company’s initial Business Combination;
provided, however, that, in the case of clauses (a) through (f) and (h), 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. 

  
 4 

 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 Ordinary Shares 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 (including in cash or by payment of Warrants pursuant to a “cashless exercise,” to the extent
permitted hereunder) described in the prior sentence at which Ordinary Shares 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 fifteen Business Days (unless otherwise required by the Commission, any national securities exchange on which the Warrants are listed or applicable law); provided that the Company shall provide at least five
days’ prior written notice of such reduction to Registered Holders of the Warrants; and provided further, that any such reduction shall be identical among all of the Warrants. 

3.2 Duration of Warrants. A Warrant may be exercised only during the period (the “Exercise Period”) (A)
commencing on the later of: (i) the date that is thirty (30) days after the first date on which the Company completes a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or
more businesses or entities (a “Business Combination”) and (ii) the date that is twelve (12) months from the date of the closing of the Offering, and (B) terminating on the earlier to occur of: (i) at 5:00
p.m., New York City time on the date that is five (5) years after the date on which the Company completes its initial Business Combination, (ii) the liquidation of the Company in accordance with the Company’s amended and restated
memorandum and articles of association, as amended from time to time, if the Company fails to complete a Business Combination, and (iii) other than with respect to the Private Placement Warrants then held by either the Sponsor, Cantor or CCM or
any officers or directors of the Company, or any of their Permitted Transferees as provided in Section 6.1, 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 or a valid exemption therefrom being available. Except with respect to the right to receive the Redemption Price (as defined below) in the event of a redemption (as set forth in Section 6 hereof), each outstanding Warrant
(other than a Private Placement Warrant held by either the Sponsor, Cantor or CCM or any officers or directors of the Company, or their Permitted Transferees, in the event of a redemption for cash) 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 Warrant represented by a
book-entry, the 

  
 5 

 
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 (the “Election to Purchase”) any Ordinary Shares pursuant to the exercise of a Warrant, properly completed and executed by
the Registered Holder on the reverse of the Definitive Warrant Certificate or, in the case of a Book-Entry Warrant, properly delivered by the Participant in accordance with the Depositary’s procedures and (iii) the payment in full of the
Warrant Price for each Ordinary Share 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 Ordinary Shares and the issuance of such Ordinary
Shares, as follows: 
 (a) by wire transfer of immediately available funds in good certified check or good bank draft payable
to the order of the Warrant Agent; 
 (b) in the event of a redemption pursuant to Section 6 hereof
in which the Company’s board of directors (the “Board”) has elected to require all holders of the Warrants to exercise such Warrants on a “cashless basis,” by surrendering the Warrants for that number of
Ordinary Shares equal to the quotient obtained by dividing (x) the product of the number of Ordinary Shares underlying the Warrants, multiplied by the excess of the “Fair Market Value”, as defined in this subsection 3.3.1(b),
over the Warrant Price by (y) the Fair Market Value. Solely for purposes of this subsection 3.3.1(b) and Section 6.3, the “Fair Market Value” shall mean the average closing 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; 

(c) with respect to any Private Placement Warrant, so long as such Private Placement Warrant is held by the Sponsor, Cantor or
CCM or a Permitted Transferee, by surrendering the Warrants for that number of Ordinary Shares equal to the quotient obtained by dividing (x) the product of the number of Ordinary Shares underlying the Warrants, multiplied by the excess of the
“Sponsor Exercise Fair Market Value” (as defined in this subsection 3.3.1(c)) over the Warrant Price by (y) the Sponsor Exercise Fair Market Value. Solely for purposes of this subsection 3.3.1(c), the
“Sponsor Exercise Fair Market Value” shall mean the average last reported sale price of the Ordinary Shares for the ten (10) trading days ending on the third (3rd) trading day prior to the date on which notice of
exercise of the Private Placement Warrant is sent to the Warrant Agent; or 
 (d) as provided in
Section 7.4 hereof. 
 3.3.2 Issuance of Ordinary Shares 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 Ordinary Shares to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it on the register of members of the Company, and if such Warrant shall not have been exercised in
full, a new book-entry position or countersigned Warrant, as applicable, for the 

  
 6 

 
number of shares as to which such Warrant shall not have been exercised. Notwithstanding the foregoing, the Company shall not be obligated to deliver any Ordinary Shares 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 Ordinary Shares 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 or a valid exemption from registration is available. No Warrant shall be exercisable and the Company shall not be obligated to issue
Ordinary Shares upon exercise of a Warrant unless the Ordinary Shares issuable upon such Warrant exercise have 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. Subject to Section 4.6 of this Agreement, a Registered Holder of Warrants may exercise its Warrants only for a whole number of Ordinary Shares. The Company may require holders of
Public Warrants to settle the Warrant on a “cashless basis” pursuant to Section 7.4. If, by reason of any exercise of Warrants on a “cashless basis”, the holder of any Warrant would be entitled, upon the
exercise of such Warrant, to receive a fractional interest in an Ordinary Share, the Company shall round down to the nearest whole number, the number of Ordinary Shares to be issued to such holder. 

3.3.3 Valid Issuance. All Ordinary Shares issued upon the proper exercise of a Warrant in conformity with this Agreement shall be
validly issued, fully paid and nonassessable. 
 3.3.4 Date of Issuance. Each person in whose name any book-entry position or
certificate, as applicable, for Ordinary Shares is issued and who is registered in the register of members of the Company shall for all purposes be deemed to have become the holder of record of such Ordinary Shares 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 register of members 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 at the close of business on the next succeeding date on
which the share transfer books or book-entry system are open. 
 3.3.5 Maximum Percentage. A holder of a Warrant may notify the
Company in writing in the event it elects to be subject to the provisions contained in this subsection 3.3.5; however, no holder of a Warrant shall be subject to this subsection 3.3.5 unless he, she or it makes such election. If
the election is made by a holder, the Warrant Agent shall not effect the exercise of the holder’s Warrant, and such holder shall not have the right to exercise such Warrant, to the extent that after giving effect to such exercise, such person
(together with such person’s affiliates), to the Warrant Agent’s actual knowledge, would beneficially own in excess of 9.8% (or such other amount as a holder may specify) (the “Maximum Percentage”) of the Ordinary
Shares outstanding immediately after giving effect to such exercise. For purposes of the foregoing sentence, the aggregate number of Ordinary Shares beneficially owned by such person and its affiliates shall include the number of Ordinary Shares
issuable upon exercise of the Warrant with respect to which the determination of such sentence is being made, but shall exclude Ordinary Shares 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 

  
 7 

 
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 shares 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 Ordinary Shares, the
holder may rely on the number of outstanding Ordinary Shares 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 Continental Stock Transfer & Trust Company, as transfer agent (in such capacity, the “Transfer Agent”), setting forth the number of Ordinary Shares 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 Ordinary Shares then outstanding. In any case, the number of issued and
outstanding Ordinary Shares 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 issued and outstanding Ordinary Shares
was reported. By written notice to the Company, the holder of a Warrant may from time to time increase or decrease the Maximum Percentage applicable to such holder to any other percentage specified in such notice; provided, however,
that any such increase shall not be effective until the sixty-first (61st) day after such notice is delivered to the Company. 
 4.
Adjustments. 
 4.1 Share Capitalizations. 

4.1.1 Sub-Divisions. If after the date hereof, and subject to the provisions of
Section 4.6 below, the number of issued and outstanding Ordinary Shares is increased by a capitalization or share dividend of Ordinary Shares, or by a sub-division of Ordinary Shares
or other similar event, then, on the effective date of such share capitalization, sub-division or similar event, the number of Ordinary Shares issuable on exercise of each Warrant shall be increased in
proportion to such increase in the issued and outstanding Ordinary Shares. A rights offering made to all or substantially all holders of Ordinary Shares entitling holders to purchase Ordinary Shares at a price less than the “Historical Fair
Market Value” (as defined below) shall be deemed a capitalization of a number of Ordinary Shares equal to the product of (i) the number of Ordinary Shares 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 Ordinary Shares) multiplied by (ii) one (1) minus the quotient of (x) the price per Ordinary Share paid in such rights offering divided by (y) the
Historical Fair Market Value. For purposes of this subsection 4.1.1, (i) if the rights offering is for securities convertible into or exercisable for Ordinary Shares, in determining the price payable for Ordinary Shares, there shall be taken
into account any consideration received for such rights, as well as any additional amount payable upon exercise or conversion and (ii) “Historical Fair Market Value” means the volume weighted average price of the Ordinary
Shares during the ten (10) trading day period ending on the trading day prior to the first date on which the Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. No
Ordinary Shares shall be issued at less than their par value. 

  
 8 

 4.1.2 Extraordinary Dividends. If the Company, at any time while the Warrants are
outstanding and unexpired, pays to all or substantially all of the holders of the Ordinary Shares a dividend or makes a distribution in cash, securities or other assets on account of such Ordinary Shares (or other shares into which the Warrants are
convertible), other than (a) as described in subsection 4.1.1 above, (b) Ordinary Cash Dividends (as defined below), (c) to satisfy the redemption rights of the holders of the Ordinary Shares in connection with a proposed
initial Business Combination, (d) to satisfy the redemption rights of the holders of the Ordinary Shares in connection with a shareholder vote to amend the Company’s amended and restated memorandum and articles of association (i) to
modify the substance or timing of the Company’s obligation to provide holders of Ordinary Shares the right to have their shares redeemed in connection with the Company’s initial Business Combination or to redeem 100% of the Company’s
public shares if it does not complete its initial Business Combination within the time period required by the Company’s amended and restated memorandum and articles of association, as amended from time to time, or (ii) with respect to any
other provision relating to the rights of holders of Ordinary Shares, (e) as a result of the repurchase of Ordinary Shares by the Company if a proposed initial Business Combination is presented to the shareholders of the Company for approval or
(f) in connection with the redemption of public shares upon the failure of the Company to complete its initial Business Combination and any subsequent distribution of its assets upon its liquidation (any such
non-excluded event being referred to herein as an “Extraordinary Dividend”), then the Warrant Price shall be decreased, effective immediately after the effective date of such
Extraordinary Dividend, by the amount of cash and/or the fair market value (as determined by the Company’s board of directors (the “Board”), in good faith) of any securities or other assets paid on each Ordinary Share 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 Ordinary Shares during the 365-day period ending on the date of declaration of such dividend or distribution, does not exceed $0.50 per share
(which amount shall be adjusted to appropriately reflect any of the events referred to in other subsections of this Section 4 and excluding cash dividends or cash distributions that resulted in an adjustment to the Warrant
Price or to the number of Ordinary Shares issuable on exercise of each Warrant) but only with respect to the amount of the aggregate cash dividends or cash distributions equal to or less than $0.50. 

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

  
 9 

 4.3 Adjustments in Exercise Price. Whenever the number of Ordinary Shares 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 Ordinary Shares purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (y) the denominator of which shall
be the number of Ordinary Shares so purchasable immediately thereafter. 
 4.4 Raising of the Capital in Connection with the Initial
Business Combination. If (x) the Company issues additional Ordinary Shares or equity-linked securities 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 Ordinary Share (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
Class B ordinary shares, par value $0.0001 per share, of the Company held by the Sponsor or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such
issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the Company’s initial Business Combination on the date of the completion of the Company’s initial Business Combination (net
of redemptions) and (z) the volume-weighted average trading price of Ordinary Shares during the twenty (20) trading day period starting on the trading day prior to the day on which the Company consummates its initial Business Combination
(such price, the “Market Value”) is below $9.20 per share, the Warrant Price shall be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, and the $18.00 per share
redemption trigger price described in Section 6.1 shall be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price. 

4.5 Replacement of Securities upon Reorganization, etc. In case of any reclassification or reorganization of the issued and outstanding
Ordinary Shares (other than a change under Section 4.1 or Section 4.2 hereof or that solely affects the par value of such Ordinary Shares), or in the case of any merger or consolidation of the
Company with or into another corporation (other than a consolidation or merger in which the Company is the continuing corporation and that does not result in any reclassification or reorganization of the issued and outstanding Ordinary Shares), or
in the case of any sale or conveyance to another corporation or entity of the assets or other property of the Company as an entirety or substantially as an entirety in connection with which the Company is dissolved, the 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 Ordinary Shares of the Company immediately theretofore purchasable and receivable upon the exercise of
the rights represented thereby, the kind and amount of shares or stock or other securities or property (including cash) receivable upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or
transfer, that the holder of the Warrants would have received if such holder had exercised his, her or its Warrant(s) immediately prior to such event (the “Alternative Issuance”); provided, however, that
(i) if the holders of the Ordinary Shares 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 Ordinary Shares in such consolidation or
merger that affirmatively make such election, and (ii) if a tender, exchange or redemption offer shall have 

  
 10 

 
been made to and accepted by the holders of the Ordinary Shares (other than a tender, exchange or redemption offer made by the Company in connection with redemption rights held by shareholders of
the Company as provided for in the Company’s amended and restated memorandum and articles of association or as a result of the repurchase of Ordinary Shares by the Company if a proposed initial Business Combination is presented to the
shareholders 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) 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) 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) more than 65% of the
issued and outstanding Ordinary Shares, 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
shareholder 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 Ordinary Shares 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 Ordinary Shares in the applicable event is payable in the form of shares 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) 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) (but in no event less than zero) 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 (assuming zero dividends) (“Bloomberg”). For purposes of calculating such amount, (i) Section 6 of this
Agreement shall be taken into account, (ii) the price of each Ordinary Share shall be the volume weighted average price of the Ordinary Shares during the ten (10) trading day period ending on the trading day prior to the effective date of
the applicable event, (iii) 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
(iv) 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 Ordinary Shares consists exclusively of cash, the amount of such cash per Ordinary Share, and (ii) in all other cases, the volume weighted average price of the Ordinary Shares 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 Ordinary Shares 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 4.5. The provisions of this Section 4.5 shall similarly apply to successive reclassifications, reorganizations,
mergers or consolidations, sales or other transfers. In no event shall the Warrant Price be reduced to less than the par value per share issuable upon exercise of such Warrant. 

  
 11 

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

4.7 No Fractional Shares. Notwithstanding any provision contained in this Agreement to the contrary, the Company shall not issue
fractional shares 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 Ordinary Shares to be issued to such holder. 

4.8 Form of Warrant. The form of Warrant need not be changed because of any adjustment pursuant to this
Section 4, and Warrants issued after such adjustment may state the same Warrant Price and the same number of shares 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. 
 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, 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 with respect to any Book-Entry Warrant, each Book-Entry Warrant 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 

  
 12 

 
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), the Warrant Agent shall not cancel such Warrant and issue new Warrants in exchange thereof until the Warrant Agent has received an opinion of counsel for the Company stating that such transfer may be made and indicating whether the new
Warrants must also bear a restrictive legend. 
 5.3 Fractional Warrants. The Warrant Agent shall not be required to effect any
registration of transfer or exchange which shall result in the issuance of a warrant certificate or book-entry position for a fraction of a warrant, except as part of the Units. 

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

5.5 Warrant Execution and Countersignature. The Warrant Agent is hereby authorized to countersign and to deliver, in accordance with the
terms of this Agreement, the Warrants required to be issued pursuant to the provisions of this Section 5, and the Company, whenever required by the Warrant Agent, shall supply the Warrant Agent with Warrants duly executed
on behalf of the Company for such purpose. 
 5.6 Transfer of Warrants. Prior to the Detachment Date, the Public Warrants may be
transferred or exchanged only together with the Unit in which such Warrant is included, and only for the purpose of effecting, or in conjunction with, a transfer or exchange of such Unit. Furthermore, each transfer of a Unit on the register relating
to such Units shall operate also to transfer the Warrants included in such Unit. Notwithstanding the foregoing, the provisions of this Section 5.6 shall have no effect on any transfer of Warrants on and after the Detachment
Date. 
 6. Redemption. 

6.1 Redemption of Warrants for Cash. Subject to Section 6.4 hereof, not less than all of the outstanding
Warrants may be redeemed, at the option of the Company, at any time during the Exercise Period, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.2 below,
at a Redemption Price of $0.01 per Warrant, provided that (a) the Reference Value equals or exceeds $18.00 per share (subject to adjustment in compliance with Section 4 hereof) and (b) there is an effective
registration statement covering the issuance of the Ordinary Shares 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). 
 6.2 Date Fixed for, and Notice of, Redemption; Redemption Price; Reference
Value. In the event that the Company elects to redeem the Warrants pursuant to Section 6.1, the Company shall fix a date for the redemption (the “Redemption Date”). Notice of redemption shall be
mailed by first class mail, postage prepaid, by the Company not less than thirty (30) days prior to the Redemption Date (the “30-day Redemption Period”) to the Registered Holders
of the Warrants to be redeemed at their last addresses as they shall appear on the registration books. Any notice mailed in the manner herein provided shall be conclusively presumed to have been duly given whether or not the Registered Holder
received such notice. As used in this 

  
 13 

 
Agreement, (a) “Redemption Price” shall mean the price per Warrant at which any Warrants are redeemed pursuant to Section 6.1 and (b)
“Reference Value” shall mean the last reported sales price of the Ordinary Shares for any twenty (20) trading days within the thirty (30) trading-day period ending on the
third trading day prior to the date on which notice of the redemption is given. 
 6.3 Exercise After Notice of Redemption. The
Warrants may be exercised, for cash at any time after notice of redemption shall have been given by the Company pursuant to Section 6.3 hereof and prior to the Redemption Date. 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. The Company agrees that (a) the redemption rights provided in Section 6.1 hereof shall not apply to the Private Placement Warrants if at the time of the redemption such
Private Placement Warrants continue to be held by the Sponsor, Cantor or CCM or their respective Permitted Transferees. However, once such Private Placement Warrants are transferred (other than to Permitted Transferees in accordance with
Section 2.6 hereof), the Company may redeem the Private Placement Warrants pursuant to Section 6.1 hereof, provided that the criteria for redemption are met, including the opportunity of the holder
of such Private Placement Warrants to exercise the Private Placement Warrants prior to redemption pursuant to Section 6.3 hereof. Private Placement Warrants that are transferred to persons other than Permitted Transferees
shall upon such transfer cease to be Private Placement Warrants, and shall become Public Warrants under this Agreement, including for purposes of Section 9.8 hereof. 

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

7.1 No Rights as Shareholder. A Warrant does not entitle the Registered Holder thereof to any of the rights of a shareholder of the
Company, including, without limitation, the right to receive dividends, or other distributions, to exercise any preemptive rights to vote or to consent or to receive notice as shareholders in respect of the meetings of shareholders 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 Ordinary Shares. The Company shall at all times reserve and
keep available a number of its authorized but unissued Ordinary Shares that shall be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement. 

7.4 Registration of Ordinary Shares; Cashless Exercise at Company’s Option. 

  
 14 

 7.4.1 Registration of the Ordinary Shares. The Company agrees that as soon as
practicable, but in no event later than twenty (20) Business Days after the closing of its initial Business Combination, it shall use its commercially reasonable efforts to file with the Commission a registration statement for the registration,
under the Securities Act, of the Ordinary Shares issuable upon exercise of the Warrants. The Company shall use its commercially reasonable efforts to cause the same to become effective within sixty (60) Business Days following the closing of
its initial Business Combination and to maintain the effectiveness of such registration statement, and a current prospectus relating thereto, until the expiration or redemption of the Warrants in accordance with the provisions of this Agreement. If
any such registration statement has not been declared effective by the sixtieth (60th) Business Day following the closing of the Business Combination, holders of the Warrants shall have the right, during the period beginning on the
sixty-first (61st) Business Day after the closing of the Business Combination and ending upon such registration statement being declared effective by the Commission, and during any other period when the Company shall fail to have maintained
an effective registration statement covering the issuance of the Ordinary Shares issuable upon exercise of the Warrants, to exercise such Warrants on a “cashless basis,” by exchanging the Warrants (in accordance with Section 3(a)(9)
of the Securities Act or another exemption) for that number of Ordinary Shares equal to the quotient obtained by dividing (x) the product of the number of Ordinary Shares underlying the Warrants, multiplied by the excess of the “Fair
Market Value” (as defined below) over the Warrant Price by (y) the Fair Market Value. Solely for purposes of this subsection 7.4.1, “Fair Market Value” shall mean the volume-weighted average price of the
Ordinary Shares 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 Ordinary Shares issued upon such exercise shall be freely tradable under United States federal securities laws by anyone who is
not an affiliate (as such term is defined in Rule 144 under the Securities Act) of the Company and, accordingly, shall not be required to bear a restrictive legend. Except as provided in subsection 7.4.2, for the avoidance of doubt, unless
and until all of the Warrants have been exercised or have expired, the Company shall continue to be obligated to comply with its registration obligations under the first three sentences of this subsection 7.4.1. 

7.4.2 Cashless Exercise at Company’s Option. If the Ordinary Shares are at the time of any exercise of a Public Warrant not listed
on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, 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 as described in subsection 7.4.1 and (ii) in the event the Company so
elects, the Company shall (x) not be required to file or maintain in effect a registration statement for the registration, under the Securities Act, of the Ordinary Shares issuable upon exercise of the Warrants, notwithstanding anything in this
Agreement to the contrary, and (y) use its commercially reasonable efforts to register or qualify for sale the Ordinary Shares issuable upon exercise of the Public Warrants under applicable blue sky laws to the extent an exemption is not
available. 

  
 15 

 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 Ordinary Shares 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 Ordinary Shares. 

8.2 Resignation, Consolidation or Merger of Warrant Agent. 

8.2.1 Appointment of Successor Warrant Agent. The Warrant Agent, or any successor to it hereafter appointed, may resign its duties and
be discharged from all further duties and liabilities hereunder after giving sixty (60) days’ notice in writing to the Company. If the office of the Warrant Agent becomes vacant by resignation or incapacity to act or otherwise, the Company
shall appoint in writing a successor Warrant Agent in place of the Warrant Agent. If the Company shall fail to make such appointment within a period of thirty (30) days after it has been notified in writing of such resignation or incapacity by
the Warrant Agent or by the holder of a Warrant (who shall, with such notice, submit his, her or its Warrant for inspection by the Company), then the holder of any Warrant may apply to the Supreme Court of the State of New York for the County of New
York for the appointment of a successor Warrant Agent at the Company’s cost. Any successor Warrant Agent, whether appointed by the Company or by such court, shall be a corporation or other entity organized and existing under the laws of the
State of New York, in good standing and having its principal office in the United States of America, 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 Ordinary Shares not later than the effective date of any
such appointment. 
 8.2.3 Merger or Consolidation of Warrant Agent. Any entity into which the Warrant Agent may be merged or with
which it may be consolidated or any entity 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. 

  
 16 

 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 Chairman of the Board and Chief Executive Officer 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, fraud or bad faith. The Company agrees to indemnify the Warrant Agent and save it harmless against any and all liabilities, including judgments, out-of-pocket costs and reasonable outside 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, fraud 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 Ordinary Shares to be issued pursuant to
this Agreement or any Warrant or as to whether any Ordinary Shares shall, when issued, be valid and fully paid and nonassessable. 
 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 Ordinary Shares through the exercise of the Warrants. 

  
 17 

 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 Continental Stock Transfer & Trust Company as trustee thereunder) and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against
the Trust Account for any reason whatsoever. The Warrant Agent hereby waives any and all Claims against the Trust Account and any and all rights to seek access to the Trust Account. 

9. Miscellaneous Provisions. 

9.1 Successors. All the covenants and provisions of this Agreement by or for the benefit of the Company or the Warrant Agent shall bind
and inure to the benefit of their respective successors and assigns. 
 9.2 Notices. Any notice, statement or demand authorized by
this Agreement to be given or made by the Warrant Agent or by the holder of any Warrant to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service
within five (5) days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Company with the Warrant Agent), as follows: 

Rose Hill Acquisition Corporation 

981 Davis Dr NW 
 Atlanta, GA
30327 
 Attn: Albert Hill IV 

Email: al@rosehillacq.com 
 with
a copy to: 
 Proskauer Rose LLP 

Eleven Times Square 
 New York,
New York 10036 
 Attn: Daniel Forman, Steven Burwell 

E-mail: dforman@proskauer.com 

E-mail: sburwell@proskauer.com 

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

One State Street, 30th Floor 
 New
York, New York 10004 
 Attention: Compliance Department 

  
 18 

 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. Subject to applicable law, 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 the 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 of the forum provisions above, is filed in a court other than a court located within the State of New York or the United States
District Court for the Southern District of New York (a “foreign action”) in the name of any warrant holder, such warrant holder shall be deemed to have consented to: (x) the personal jurisdiction of the state and
federal courts located within the State of New York or the United States District Court for the Southern District of New York in connection with any action brought in any such court to enforce the forum provisions (an “enforcement
action”), and (y) having service of process made upon such warrant holder in any such enforcement action by service upon such warrant holder’s counsel in the foreign action as agent for such warrant holder. 

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

9.5 Examination of the Warrant Agreement. A copy of this Agreement shall be available at all reasonable times at the office of the
Warrant Agent in the United States of America, for inspection by the Registered Holder of any Warrant. The Warrant Agent may require any such holder to submit such holder’s Warrant for inspection by the Warrant Agent. 

9.6 Counterparts. This Agreement may be executed in counterparts, each of which when so executed shall be deemed to be an original and
all of which when taken together shall constitute one and the same instrument. The words “execution,” “signed,” “signature” and words of like import in this Agreement or in any other certificate, agreement or document
related to this Agreement shall include images of manually executed signatures transmitted by facsimile or other electronic format (including, without limitation, “pdf,” “tif” or “jpg”) and other

  
 19 

 
electronic signatures (including, without limitation, DocuSign and AdobeSign). The use of electronic signatures and electronic records (including, without limitation, any contract or other record
created, generated, sent, communicated, received or stored by electronic means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based record-keeping system to the fullest extent
permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act and any other applicable law, including, without limitation, any state law based
on the Uniform Electronic Transactions Act or the Uniform Commercial Code. 
 9.7 Effect of Headings. The section headings herein are
for convenience only and are not part of this Agreement and shall not affect the interpretation thereof. 
 9.8 Amendments. This
Agreement may be amended by the parties hereto without the consent of any Registered Holder for the purpose of (i) curing any ambiguity or correcting any mistake, including to conform the provisions hereof to the description of the terms of the
Warrants and this Agreement set forth in the Prospectus, or defective provision contained herein, (ii) amending the definition of “Ordinary Cash Dividend” as contemplated by and in accordance with the second sentence of subsection
4.1.2 or (iii) adding or changing any 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 rights of the
Registered Holders under this Agreement. All other modifications or amendments, including any modification or amendment to increase the Warrant Price or shorten the Exercise Period, and any amendment to the terms of only the Private Placement
Warrants, shall require the vote or written consent of the Registered Holders of a majority of the then-outstanding Public Warrants and, solely with respect to any amendment to the terms of the Private Placement Warrants or any provision of this
Agreement with respect to the Private Placement Warrants, a majority of the then-outstanding Private Placement 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. 

  
 20 

 Exhibit A — Form of Warrant Certificate 

Exhibit B — Legend 

  
 21 

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

					
	ROSE HILL ACQUISITION CORPORATION
		
	By:	 	 /s/ Albert Hill IV

		 	Name:	 	 Albert Hill IV 

		 	Title:	 	 Co-Chief Financial Officer

	
	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Warrant Agent
		
	By:	 	 /s/ Douglas Reed

		 	Name:	 	Douglas Reed
		 	Title:	 	Vice President of Account Administration

 [Signature Page to Warrant Agreement] 

 EXHIBIT A 

[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 

Rose Hill Acquisition Corporation Incorporated Under the Laws of the Cayman Islands 

CUSIP [•] 
 Warrant
Certificate 
 This Warrant Certificate certifies that [•], or registered assigns, is the registered holder of [ ]
warrant(s) (the “Warrants” and each, a “Warrant”) to purchase Class A ordinary shares, $0.0001 par value per share (the “Ordinary Shares”), of Rose Hill Acquisition
Corporation, a Cayman Islands exempted company (the “Company”). Each Warrant entitles the holder, upon exercise during the period set forth in the Warrant Agreement referred to below, to receive from the Company that number
of fully paid and nonassessable Ordinary Shares 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 Ordinary Share.
Fractional shares shall not be issued upon exercise of any Warrant. If, upon the exercise of Warrants, a holder would be entitled to receive a fractional interest in an Ordinary Share, the Company shall, upon exercise, round down to the nearest
whole number the number of Ordinary Shares to be issued to the Warrant holder. The number of Ordinary Shares issuable upon exercise of the Warrants is subject to adjustment upon the occurrence of certain events as set forth in the Warrant Agreement.

 The initial Exercise Price per one Ordinary Share for any Warrant is equal to $11.50 per share. The Exercise Price is subject to
adjustment upon the occurrence of certain events as set forth in the Warrant Agreement. 
 Subject to the conditions set forth in the
Warrant Agreement, the Warrants may be exercised only during the Exercise Period and to the extent not exercised by the end of such Exercise Period, such Warrants shall become void. The Warrants may be redeemed, subject to certain conditions as set
forth in the Warrant Agreement. 

  
 A-1 

 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. 
  

					
	ROSE HILL ACQUISITION CORPORATION
		
	By:	 	          

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

		 	Name:	 	
		 	Title:	 	

  
 A-2 

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

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

Notwithstanding anything else in this Warrant Certificate or the Warrant Agreement, no Warrant may be exercised unless at the time of exercise
(i) a registration statement covering the issuance of the Ordinary Shares to be issued upon exercise is effective under the Securities Act and (ii) a prospectus thereunder relating to the Ordinary Shares 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 Ordinary Shares 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 an Ordinary Share, the Company shall, upon exercise, round down to the nearest whole number of Ordinary Shares 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. 

  
 A-3 

 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 shareholder of the Company. 

  
 A-4 

 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 [ ] Ordinary Shares and
herewith tenders payment for such Ordinary Shares to the order of Rose Hill Acquisition Corporation (the “Company”) in the amount of $[ ] in accordance with the terms hereof. The undersigned requests that the register of
members of the Company be updated to reflect the issuance of such Ordinary Shares in the name of the undersigned and a certificate for such Ordinary Shares be registered in the name of [ ], whose address is [ ] and that such Ordinary Shares be
delivered to [ ], whose address is [ ]. If said [ ] number of Ordinary Shares is less than all of the Ordinary Shares purchasable hereunder, the undersigned requests that a new Warrant Certificate representing the remaining balance of such Ordinary
Shares 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 6.1 of the Warrant
Agreement and the Company has required cashless exercise pursuant to Section 6.3 of the Warrant Agreement, the number of Ordinary Shares 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, as applicable. 
 In the event that the
Warrant is a Private Placement Warrant that is to be exercised on a “cashless” basis pursuant to subsection 3.3.1(c) of the Warrant Agreement, the number of Ordinary Shares 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 Ordinary Shares 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 Ordinary Shares 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 Ordinary Shares. If said number of shares
is less than all of the Ordinary Shares purchasable hereunder (after giving effect to the cashless exercise), the undersigned requests that a new Warrant Certificate representing the remaining balance of such Ordinary Shares be registered in the
name of [ ], whose address is [ ] and that such Warrant Certificate be delivered to [ ], whose address is [ ]. 
 [Signature Page Follows]

  
 A-5 

 Date: [ ], 2021 

 

	
	(Signature)
	
	(Address)
	
	   

	(Tax Identification Number)

 Signature Guaranteed: 
  

 
 THE SIGNATURE(S) SHOULD BE
GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C.
RULE 17Ad-15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED). 

  
 A-6 

 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, PLEDGED, 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 ROSE HILL ACQUISITION CORPORATION (THE
“COMPANY”), ROSE HILL SPONSOR 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 CLASS A ORDINARY SHARES OF THE COMPANY ISSUED UPON
EXERCISE OF SUCH SECURITIES SHALL BE ENTITLED TO REGISTRATION RIGHTS UNDER A REGISTRATION AND SHAREHOLDER RIGHTS AGREEMENT TO BE EXECUTED BY THE COMPANY. 

NO. [ ] WARRANT 

  
 B-1

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