Document:

Exhibit 4.4

 

	NUMBER   	SHARES
	 	 
	                  C	 
	 	 

EAST STONE ACQUISITION
CORPORATION

 

INCORPORATED UNDER
THE LAWS OF THE BRITISH VIRGIN ISLANDS

 

ORDINARY SHARES

 

SEE REVERSE FOR

CERTAIN DEFINITIONS

CUSIP G2911D108

 

	This Certifies that	 	CUSIP G40981 139
	 	 	 
	is the owner of	 	 

 

FULLY PAID AND NON-ASSESSABLE ORDINARY
SHARES OF NO PAR VALUE OF

 

EAST STONE ACQUISITION
CORPORATION

 

transferable on
the books of the Company in person or by duly authorized attorney upon surrender of this certificate properly endorsed. 

 

The Company
will be forced to redeem all of the ordinary shares sold in its initial public offering if it is unable to complete an
initial business combination within fifteen months (or up to twenty-one months, if extended) from the closing of the
Company’s initial public offering, as more fully described in the Company’s final prospectus dated February 19,
2020.

 

This
certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar. Witness the facsimile
seal of the Company and the facsimile signatures of its duly authorized officers.

 

	Dated:	 	 
	 	 	 
	 	SEAL	 
	CHIEF EXECUTIVE OFFICER	2020	CHIEF FINANCIAL OFFICER

 

The following abbreviations,
when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according
to applicable laws or regulations:

 

	TEN COM –	as tenants in common	UNIF GIFT MIN ACT- _____Custodian______
	TEN ENT –	as tenants by the entireties	                                          (Cust)                 (Minor)
	JT TEN –	as joint tenants with right of survivorship

and not as tenants in common Act	 	
        under Uniform Gifts to Minors

        Act ______________

        (State)

 

Additional Abbreviations may also be used
though not in the above list.

 

    

     

    

 

EAST STONE ACQUISITION
CORPORATION

 

The Company will furnish
without charge to each shareholder who so requests the powers, designations, preferences and relative, participating, optional
or other special rights of each class of shares or series thereof of the Company and the qualifications, limitations, or restrictions
of such preferences and/or rights. This certificate and the shares represented thereby are issued and shall be held subject to
all the provisions of the Amended and Restated Memorandum and Articles of Association and all amendments thereto and resolutions
of the Board of Directors providing for the issue of Preferred Shares (copies of which may be obtained from the secretary of the
Company), to all of which the holder of this certificate by acceptance hereof assents.

 

For value received, ___________________________
hereby sell, assign and transfer unto

 

PLEASE INSERT SOCIAL SECURITY OR OTHER

 

IDENTIFYING NUMBER OF ASSIGNEE

 

	 

 

	 
	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
	 
	 
	 
	 
	ordinary shares represented by the within Certificate, and do hereby irrevocably constitute and appoint
	 
	Attorney to transfer the said shares on the books of the within named Company will full power of substitution in the premises.

 

Dated ____________________ 

 

	 	 
	 	Notice:	The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.
	 	 	 
	Signature(s) Guaranteed:

 

	 
	THE SIGNATURE(S) MUST 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 ACT OF 1933, AS AMENDED).

 

In each case, as more fully described in
the Company’s final prospectus dated February 19, 2020, the holder of this certificate shall be entitled to receive funds
from the trust fund only in the event of the Company’s required redemption upon failure to consummate a business combination
or if the holder seeks to redeem its shares upon consummation of such business combination or in connection with certain amendments
to the Company’s Amended and Restated Memorandum and Articles of Association. In no other circumstances shall the holder
have any right or interest of any kind in or to the trust fund.Exhibit 4.5

 

	NUMBER

        ________
	 	(SEE
                                         REVERSE SIDE FOR LEGEND) 

                                         THIS WARRANT WILL BE VOID IF NOT 

                                         EXERCISED PRIOR TO THE EXPIRATION

                                         OF THE EXERCISE PERIOD PROVIDED FOR

        IN
        THE WARRANT AGREEMENT DESCRIBED BELOW
	 	  WARRANTS

 

EAST
STONE ACQUISITION CORPORATION

 

CUSIP G2911D
116

 

WARRANT

 

THIS
CERTIFIES THAT, for value received is the registered holder of a warrant or warrants (the “Warrant”),
expiring at 5:00 p.m., New York City time, on the five year anniversary of the completion by East Stone Acquisition Corporation,
a British Virgin Islands company (the “Company”), of an acquisition, share exchange, share reconstruction and amalgamation,
contractual control arrangement or other similar business combination with one or more businesses or entities (a “Business
Combination”), to purchase one-half (1/2) of one fully paid and non-assessable ordinary share, no par value (“Shares”),
of the Company for each Warrant evidenced by this Warrant Certificate.  The Warrant entitles the holder thereof to purchase
from the Company, commencing on the later of (a) one year from the date of the final prospectus relating to the Company’s
initial public offering and (b) the Company’s completion of a Business Combination, such whole number of Shares of the Company
at the price of $11.50 per whole share (subject to adjustment), upon surrender of this Warrant Certificate and payment of the
Warrant Price at the office or agency of the Warrant Agent, Continental Stock Transfer & Trust Company, but only subject to
the conditions set forth herein and in the Warrant Agreement between the Company and Continental Stock Transfer & Trust Company,
as Warrant Agent.  In no event will the Company be required to net cash settle any warrant exercise. The Warrant Agreement
provides that upon the occurrence of certain events the Warrant Price and the number of Shares purchasable hereunder, set forth
on the face hereof, may, subject to certain conditions, be adjusted.  The term Warrant Price as used in this Warrant
Certificate refers to the price per Share at which Shares may be purchased at the time the Warrant is exercised. Defined terms
used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement.

 

No
fraction of a Share will be issued upon any exercise of a Warrant.  A warrantholder may exercise its warrants only for
a whole number of shares.  This means that only an even number of warrants may be exercised at any given time by a warrantholder.

 

Upon
any exercise of the Warrant for less than the total number of full Shares provided for herein, there shall be issued to the registered
holder hereof or the registered holder’s assignee a new Warrant Certificate covering the number of Shares for which the
Warrant has not been exercised.

 

Warrant
Certificates, when surrendered at the office or agency of the Warrant Agent by the registered holder hereof in person or by 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 and evidencing in
the aggregate a like number of Warrants.

 

Upon
due presentment for registration of transfer of the Warrant Certificate at the office or agency 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 in exchange for this Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without
charge except for any applicable tax or other governmental charge.

 

    

     

    

 

The
Company and the Warrant Agent may deem and treat the registered holder as the absolute owner 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 registered holder, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice
to the contrary.

 

This
Warrant does not entitle the registered holder to any of the rights of a shareholder of the Company. This Warrant Certificate
shall be governed by and construed in accordance with the internal laws of the State of New York.

  

The
Company reserves the right to redeem the Warrant at any time prior to its exercise with a notice of redemption in writing to the
holders of record of the Warrant, giving at least 30 days’ notice of such redemption, at any time while the Warrant is exercisable,
if the last sale price of the Shares has been at least $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations
and recapitalizations) on each of 20 trading days within any 30 trading day period (the “30-day trading period”) ending
on the third trading day prior to the date on which notice of such call is given and if, and only if, there is a current registration
statement in effect with respect to the Shares underlying the Warrants for each day of the 30-day trading period and continuing
each day thereafter until the date of redemption.  The redemption price of the Warrants is to be $0.01 per Warrant.  If
the foregoing conditions are satisfied and the Company calls the Warrant for redemption, each holder will then be entitled to
exercise his, her or its Warrant prior to the date scheduled for redemption; provided that the Company may require the registered
holder who desires to exercise the Warrant, to elect cashless exercise as set forth in the Warrant Agreement, and such Registered
Holder must exercise the Warrants on a cashless basis if the Company so requires. Any Warrant either not exercised or tendered
back to the Company by the end of the date specified in the notice of call shall be canceled on the books of the Company and have
no further value except for the $0.01 call price. 

 

	By	 	 	 
	 	 	SEAL	 
	 	Chief
    Executive Officer	2020	Chief
    Executive Officer

  

ELECTION
TO PURCHASE

To
Be Executed by the Registered Holder in Order to Exercise Warrants

 

The
undersigned Registered Holder irrevocably elects to exercise ______________ Warrants represented by this Warrant Certificate,
and to purchase the ordinary shares issuable upon the exercise of such Warrants pursuant to the method selected below, and requests
that Certificates for such shares shall be issued in the name of

 

	(PLEASE
    TYPE OR PRINT NAME AND ADDRESS)
	 
	 

(SOCIAL
SECURITY OR TAX IDENTIFICATION NUMBER)

 

and
be delivered to                                                  

(PLEASE
PRINT OR TYPE NAME AND ADDRESS)

 

and,
if such number of Warrants shall not be all the Warrants evidenced by this Warrant Certificate, that a new Warrant Certificate
for the balance of such Warrants be registered in the name of, and delivered to, the Registered Holder at the address stated below.

 

PLEASE
CHECK ONE METHOD OF PAYMENT:

 

☐ 
“Cash Exercise” with respect to Warrant Shares; and/or

 

    	 	2	 

     

    

 

☐ 
“Cashless Exercise” with respect to Warrant Shares because on the date of this exercise, there is no effective
registration statement registering the Warrant Shares, or the prospectus contained therein is not available for the resale of
the Warrant Shares, in which event the Company shall deliver to the registered holder(s) Ordinary Shares pursuant to Section
3.3.2 of the Warrant Agreement.

 

	Dated:	 	 	 
	 	 	 	(SIGNATURE)
	 	 	 	 
	 	 	 	(ADDRESS)
	 	 	 	 
	 	 	 	 
	 	 	 	(TAX
    IDENTIFICATION NUMBER)

  

THE
SIGNATURE MUST 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
ACT OF 1933, AS AMENDED).

 

ASSIGNMENT

To
Be Executed by the Registered Holder in Order to Assign Warrants

 

For
Value Received, _______________________ hereby sell, assign, and transfer unto

 

	(PLEASE
    TYPE OR PRINT NAME AND ADDRESS)
	 
	 

(SOCIAL
SECURITY OR TAX IDENTIFICATION NUMBER)

 

and
be delivered to                                               

(PLEASE
PRINT OR TYPE NAME AND ADDRESS)

 

______________________
of the Warrants represented by this Warrant Certificate, and hereby irrevocably constitute and appoint _________________________________
Attorney to transfer this Warrant Certificate on the books of the Company, with full power of substitution in the premises.

 

 

	Dated:	 	 	 
	 	 	 	(SIGNATURE)

 

THE
SIGNATURE TO THE ASSIGNMENT FORM MUST 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 ACT OF 1933, AS AMENDED).

 

 

3

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