Document:

Exhibit 10.1

 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED
OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY
IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

PROMISSORY NOTE

 

	Principal Amount: $150,030.00	Dated as of August 17, 2021

 

Verity Acquisition Corporation,
an exempted company incorporated in the Cayman Island with Limited Liability (the “Maker”), promises to pay to the
order of WKA Asset Management (Hong Kong) Limited (the “Payee”) the principal sum of one hundred fifty thousand and
thirty ($150,030.00) in lawful money of the United States of America, on the terms and conditions described below. All payments on this
Note shall be made by check or wire transfer of immediately available funds or as otherwise determined by the Maker to such account as
the Payee may from time to time designate by written notice in accordance with the provisions of this Note.

 

		1.	Principal. The principal balance of this Promissory Note (this “Note”) shall be payable promptly after the date
on which the Maker consummates an initial public offering of its securities or the date on which the Maker determines not to conduct an
initial public offering of its securities. The principal balance may be prepaid at any time.

 

		2.	Interest. No interest shall accrue on the unpaid principal balance of this Note.

 

		3.	Non-Convertible; Non-Recourse. This Note shall not be convertible into any securities of Maker,
and Payee shall have no recourse with respect to Payee’s ability to convert this Note into any securities of Maker.

 

		4.	Application of Payments. All payments shall be applied first to payment in full of any costs incurred
in the collection of any sum due under this Note, including (without limitation) reasonable attorney’s fees, then to the payment
in full of any late charges and finally to the reduction of the unpaid principal balance of this Note.

 

		5.	Events of Default. The following shall constitute an event of default (“Event of Default”):

 

		(a)	Failure to Make Required Payments. Failure by Maker to pay the principal of this Note within five
(5) business days following the date when due.

 

		(b)	Voluntary Liquidation, Etc. The commencement by Maker of a proceeding relating to its bankruptcy,
insolvency, reorganization, rehabilitation or other similar action, or the consent by it to the appointment of, or taking possession by,
a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) for Maker or for any substantial part of
its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as
such debts become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

 

     

     

    

 

		(c)	Involuntary Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction
in the premises in respect of Maker in an involuntary case under any applicable bankruptcy, insolvency or similar law, for the appointing
of a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) for Maker or for any substantial part of its
property, or ordering the winding-up or liquidation of the affairs of Maker, and the continuance of any such decree or order unstayed
and in effect for a period of 60 consecutive days.

 

		6.	Remedies.

 

		(a)	Upon the occurrence of an Event of Default specified in Section 5(a) hereof, Payee may, by written notice
to Maker, declare this Note to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts
payable thereunder, shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of
which are hereby expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

 

		(b)	Upon the occurrence of an Event of Default specified in Sections 5(b) and 5(c), the unpaid principal balance
of this Note, and all other sums payable with regard to this Note, shall automatically and immediately become due and payable, in all
cases without any action on the part of Payee.

 

		7.	Waivers. Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment
for payment, demand, notice of dishonor, protest, and notice of protest with regard to the Note, all errors, defects and imperfections
in any proceedings instituted by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present
or future laws exempting any property, real or personal, or any part of the proceeds arising from any sale of any such property, from
attachment, levy or sale under execution, or providing for any stay of execution, exemption from civil process, or extension of time for
payment; and Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof, on any writ of
execution issued hereon, may be sold upon any such writ in whole or in part in any order desired by Payee.

 

		8.	Unconditional Liability. Maker hereby waives all notices in connection with the delivery, acceptance,
performance, default, or enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard
to the liability of any other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or
modification granted or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that
may be granted by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors,
or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

 

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		9.	Notices. Any notice called for hereunder shall be deemed properly given if (i) sent by certified
mail, return receipt requested, (ii) personally delivered, (iii) dispatched by any form of private or governmental express mail or delivery
service providing receipted delivery or (iv) sent by facsimile or (v) to the following addresses or to such other address as either party
may designate by notice in accordance with this Section:

 

If to Maker:

Verity Acquisition Corporation

Office E, 7/F, 45 Pottinger Street,

Central, Hong Kong

 

If to Payee:

 

WKA Asset Management (Hong Kong) Limited

Unit C, 9/F., Neich Tower

128 Gloucester Road

Wan Chai, Hong Kong

 

Notice shall be deemed given on the earlier of (i) actual
receipt by the receiving party, (ii) the date shown on a facsimile transmission confirmation, (iii) the date reflected on a signed delivery
receipt, or (iv) two (2) Business Days following tender of delivery or dispatch by express mail or delivery service.

 

		10.	Construction. THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF NEW YORK,
WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.

 

		11.	Jurisdiction. The courts of New York have exclusive jurisdiction to settle any dispute arising
out of or in connection with this agreement (including a dispute relating to any non-contractual obligations arising out of or in connection
with this agreement) and the parties submit to the exclusive jurisdiction of the courts of New York.

 

		12.	Severability. Any provision contained in this Note which is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating
the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction.

 

		13.	Trust Waiver. Notwithstanding anything herein to the contrary, the Payee hereby waives any and
all right, title, interest or claim of any kind (“Claim”) in or to any amounts contained in the trust account in which
the proceeds of the initial public offering (the “IPO”) conducted by the Maker and the proceeds of the sale of securities
in a private placement to occur prior to the effectiveness of the IPO, as described in greater detail in the registration statement and
prospectus to be filed with the Securities and Exchange Commission in connection with the IPO, will be placed, and hereby agrees not to
seek recourse, reimbursement, payment or satisfaction for any Claim from the trust account or any distribution therefrom for any reason
whatsoever.

 

		14.	Amendment; Waiver. Any amendment hereto or waiver of any provision hereof may be made with, and
only with, the written consent of the Maker and the Payee.

 

		15.	Assignment. No assignment or transfer of this Note or any rights or obligations hereunder may be
made by any party hereto (by operation of law or otherwise) without the prior written consent of the other party hereto and any attempted
assignment without the required consent shall be void.

 

		16.	Further Assurance. The Maker shall, at its own cost and expense, execute and do (or procure to
be executed and done by any other necessary party) all such deeds, documents, acts and things as the Payee may from time to time require
as may be necessary to give full effect to this Promissory Note.

 

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IN WITNESS WHEREOF, Maker, intending to be legally
bound hereby, has caused this Note to be duly executed on the day and year first above written.

 

	 	Verity Acquisition Corporation
	 	 
	 	By:	    
	 	Name:	Bing Lin
	 	Title:	CEO

 

[Signature Page to Promissory Note]

 

 

4Exhibit 10.2

 

[__________]
__, 2021

 

Verity
Acquisition Corporation

Office
E, 7/F, 45 Pottinger Street,

Central,
Hong Kong

 

Maxim
Group, LLC

405
Lexington Avenue

New
York, New York 10174

 

	 	Re:	Initial
    Public Offering

 

Ladies
and Gentlemen:

 

This
letter (“Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting
Agreement”) entered into by and between Verity Acquisition Corporation, a Cayman Islands corporation (the “Company”),
and Maxim Group LLC as the lead underwriter (the “Representative”) of the several underwriters (the “Underwriters”),
relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”),
each Unit comprised of one ordinary share of the Company, par value $0.0001 (the “Ordinary Shares”), and one-half
of one redeemable warrant, each whole warrant exercisable for one Ordinary Share (each, a “Warrant”). Certain
capitalized terms used herein are defined in paragraph 12 hereof.

 

In
order to induce the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition
of the benefit that such IPO will confer upon the undersigned parties, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the undersigned parties hereby agree, severally but not jointly, with the Company as follows:

 

1.
If the Company solicits approval of its stockholders of a Business Combination, the undersigned will vote all Ordinary Shares beneficially
owned by him, her, or it, whether acquired before, in, or after the IPO, in favor of such Business Combination.

 

2.
(a) In the event that the Company fails to consummate a Business Combination within the time period set forth in the Company’s
Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time (the “Articles
of Association”), the undersigned will, as promptly as possible, take all necessary actions to cause the Company to (i)
cease all operations except for the purpose of winding up, (ii) not more than five (5) business days thereafter, redeem the IPO shares,
at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned
funds held in the Trust Account (less up to $50,000 to pay liquidation expenses and net of interest released to the Company to pay taxes
as permitted pursuant to the Trust Agreement), divided by the number of then outstanding IPO Shares, which redemption will extinguish
public stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), and (iii)
following such redemption, subject to the approval of the Company’s remaining stockholders and the Company’s board of directors,
dissolve and liquidate, subject in the case of clauses (ii) and (iii) to the Company’s obligations under Delaware law to provide
for claims of creditors and other requirements of applicable law.

 

(b)
The undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Account
(“Claim”) with respect to the shares of Founder Shares owned by the undersigned and hereby waives any Claim
the undersigned may have in the future as a result of, or arising out of, any contracts or agreements with the Company and will not seek
recourse against the Trust Account for any reason whatsoever. The undersigned acknowledges and agrees that there will be no distribution
from the Trust Account with respect to any Warrants, all rights of which will terminate on the Company’s liquidation.

   

3. In
the event of the liquidation of the Trust Fund, WKA Asset Management (Hong Kong) Limited (the “Sponsor”) agrees to indemnify
and hold harmless the Company against any and all loss, liability, claims, damage and expense whatsoever (including, but not limited
to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether
pending or threatened, or any claim whatsoever) which the Company may become subject as a result of any claim by any target business
or vendor or other person who is owed money by the Company for services rendered or products sold or contracted for, but only to the
extent necessary to ensure that such loss, liability, claim, damage or expense does not reduce the amount of funds in the Trust Fund;
provided that such indemnity shall not apply if such target business, vendor or other person has executed an agreement waiving any claims
against the Trust Fund.

 

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4.
The undersigned acknowledges and agrees that prior to entering into a Business Combination with a target business that is affiliated
with any Insiders of the Company or their affiliates, such transaction must be approved by a majority of the Company’s disinterested
independent directors and the Company must obtain an opinion from an independent investment banking firm, or another independent entity
that commonly renders valuation opinions, that such Business Combination is fair to the Company’s unaffiliated stockholders from
a financial point of view.

  

5.
Neither the undersigned nor any affiliate of the undersigned will be entitled to receive and will not accept any compensation, finder
fee or other cash payment prior to, or for services rendered in order to effectuate, the consummation of the Business Combination; provided
that the Company shall be allowed to make the payments set forth in the Registration Statement under the caption “Prospectus Summary
– The Offering – Limited payments to insiders.”

  

6.
(a) The undersigned agree that they shall not Transfer any Founder Shares (the “Founder Shares Lock-up”) until the earliest
of (A) six months after the completion of an initial Business Combination and (B) the date following the completion of an initial Business
Combination on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of
the Company’s shareholders having the right to exchange their Ordinary Shares for cash, securities or other property (the “Founder
Shares Lock-up Period”). Notwithstanding the foregoing, if, subsequent to a Business Combination, the closing price of the Ordinary
Shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, share consolidations, reorganizations,
recapitalizations and the like) for any 20 trading days within a 30-trading day period commencing at least 150 days after the Company’s
initial Business Combination, the Founder Shares shall be released from the Founder Shares Lock-up.

 

(b)
The undersigned agree that they shall not effectuate any Transfer of Private Securities or Ordinary Shares underlying such warrants until
30 days after the completion of an initial Business Combination.

 

(c)
Notwithstanding the provisions set forth in paragraphs 5(a) and (b), Transfers of the Founder Shares, Private Securities and Ordinary
Shares underlying the Private Securities are permitted (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 our sponsor, WKA Asset Management (Hong Kong) Limited
(the “Sponsor”), and the Representative, or any of their affiliates or any employees of such affiliates; (b) in the case
of an individual, by gift to a member of one 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 the consummation of a Business Combination
at prices no greater than the price at which the Founder Shares, Private Securities or Ordinary Shares, as applicable, were originally
purchased; (f) by virtue of the Sponsor’s or the Representative’ organizational documents upon liquidation or dissolution
of the Sponsor or the Representative, as applicable; (g) in the event of the Company’s liquidation prior to the completion of a
Business Combination; or (h) in the event of completion of a liquidation, merger, share exchange or other similar transaction which results
in all of the Company’s shareholders having the right to exchange their Ordinary Shares for cash, securities or other property
subsequent to the completion of an initial Business Combination; provided, however, that in the case of clauses (a) through (f) these
permitted transferees must enter into a written agreement agreeing to be bound by these Transfer restrictions and the other restrictions
contained in this Letter Agreement.

 

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(d)
During the period commencing on the effective date of the Underwriting Agreement and ending 180 days after such date, the undersigned
shall not, without the prior written consent of the Representative, Transfer any Units, Ordinary Shares, Warrants or any other securities
convertible into, or exercisable or exchangeable for, Ordinary Shares purchased prior to the IPO held by it, her or him, as applicable,
except as permitted hereunder.

 

7.
(a) In order to minimize potential conflicts of interest that may arise from multiple corporate affiliations, the undersigned hereby
agrees that until the earliest of the Company’s initial Business Combination or liquidation, the undersigned shall present to the
Company for its consideration, prior to presentation to any other entity, any suitable target business, subject to any fiduciary or contractual
obligations the undersigned might have.

 

(b)
The undersigned hereby agrees and acknowledges that (i) each of the Underwriters and the Company may be irreparably injured in the event
of a breach of any of the obligations contained in this Letter Agreement, (ii) monetary damages may not be an adequate remedy for such
breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may
have in law or in equity, in the event of such breach.

 

8.
The undersigned’s biographical information previously furnished to the Company and the Representative is true and accurate in all
respects, does not omit any material information with respect to the undersigned’s background and contains all of the information
required to be disclosed pursuant to Item 401 of Regulation S-K, promulgated under the Securities Act. The undersigned’s FINRA
Questionnaire previously furnished to the Company and the Representative is true and accurate in all respects. The undersigned represents
and warrants that:

 

	 	(a)	he/she has never had a petition
    under the federal bankruptcy laws or any state insolvency law been filed by or against (i) him/her or any partnership in which he/she
    was a general partner at or within two years before the time of filing; or (ii) any corporation or business association of which
    he/she was an executive officer at or within two years before the time of such filing;

 

	 	(b)	he/she has never had a receiver,
    fiscal agent or similar officer been appointed by a court for his/her business or property, or any such partnership;

 

	 	(c)	he/she has never been convicted
    of fraud in a civil or criminal proceeding;

 

	 	(d)	he/she has never been convicted
    in a criminal proceeding or named the subject of a pending criminal proceeding (excluding traffic violations and minor offenses);

  

	 	(e)	he/she has never been the subject
    of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently
    or temporarily enjoining or otherwise limiting him/her from (i) acting as a futures commission merchant, introducing broker, commodity
    trading advisor, commodity pool operator, floor broker, leverage transaction merchant, any other person regulated by the Commodity
    Futures Trading Commission (“CFTC”) or an associated person of any of the foregoing, or as an investment
    adviser, underwriter, broker or dealer in securities, or as an affiliated person, director or employee of any investment company,
    bank, savings and loan association or insurance company, or from engaging in or continuing any conduct or practice in connection
    with any such activity; or (ii) engaging in any type of business practice; or (iii) engaging in any activity in connection
    with the purchase or sale of any security or commodity or in connection with any violation of federal or state securities or federal
    commodities laws;

 

	 	(f)	he/she has never been the subject
    of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any federal or state authority barring, suspending
    or otherwise limiting for more than 60 days his/her right to engage in any activity described in 9(e)(i) above, or to be associated
    with persons engaged in any such activity;

 

	 	(g)	he/she has never been found by a
    court of competent jurisdiction in a civil action or by the SEC to have violated any federal or state securities law, where the judgment
    in such civil action or finding by the SEC has not been subsequently reversed, suspended or vacated;

 

	 	(h)	he/she has never been found by a
    court of competent jurisdiction in a civil action or by the CFTC to have violated any federal commodities law, where the judgment
    in such civil action or finding by the CFTC has not been subsequently reversed, suspended or vacated;

 

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	 	(i)	he/she has never been the subject
    of, or a party to, any Federal or State judicial or administrative order, judgment, decree or finding, not subsequently reversed,
    suspended or vacated, relating to an alleged violation of (i) any Federal or State securities or commodities law or regulation, (ii)
    any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent
    injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and desist order, or removal
    or prohibition order or (iii) any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity;

 

	 	(j)	he/she has never been the subject
    of, or party to, any sanction or order, not subsequently reversed, suspended or vacated, or any self-regulatory organization, any
    registered entity, or any equivalent exchange, association, entity or organization that has disciplinary authority over its members
    or persons associated with a member;

 

	 	(k)	he/she has never been convicted
    of any felony or misdemeanor: (i) in connection with the purchase or sale of any security; (ii) involving the making of any false
    filing with the SEC; or (iii) arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities
    dealer, investment advisor or paid solicitor of purchasers of securities;

 

	 	(l)	he/she was never subject to a final
    order of a state securities commission (or an agency of officer of a state performing like functions); a state authority that supervises
    or examines banks, savings associations, or credit unions; a state insurance commission (or an agency or officer of a state performing
    like functions); an appropriate federal banking agency; the Commodity Futures Trading Commission; or the National Credit Union Administration
    that is based on a violation of any law or regulation that prohibits fraudulent, manipulative, or deceptive conduct;

 

	 	(m)	he/she has never been subject to
    any order, judgment or decree of any court of competent jurisdiction, that, at the time of such sale, restrained or enjoined him/her
    from engaging or continuing to engage in any conduct or practice: (i) in connection with the purchase or sale of any security; (ii)
    involving the making of any false filing with the SEC; or (iii) arising out of the conduct of the business of an underwriter, broker,
    dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of securities;

  

	 	(n)	he/she has never been subject to
    any order of the SEC that orders him/her to cease and desist from committing or causing a future violation of: (i) any scienter-based
    anti-fraud provision of the federal securities laws, including, but not limited to, Section 17(a)(1) of the Securities Act, Section
    10(b) of the Exchange Act and Rule 10b-5 thereunder, and Section 206(1) of the Advisers Act or any other rule or regulation thereunder;
    or (ii) Section 5 of the Securities Act;

 

	 	(o)	he/she has never been named as an
    underwriter in any registration statement or Regulation A offering statement filed with the SEC that was the subject of a refusal
    order, stop order, or order suspending the Regulation A exemption, or is, currently, the subject of an investigation or proceeding
    to determine whether a stop order or suspension order should be issued;

 

	 	(p)	he/she has never been subject to
    a United States Postal Service false representation order, or is currently subject to a temporary restraining order or preliminary
    injunction with respect to conduct alleged by the United States Postal Service to constitute a scheme or device for obtaining money
    or property through the mail by means of false representations;

 

	 	(q)	he/she is not subject to a final
    order of a state securities commission (or an agency of officer of a state performing like functions); a state authority that supervises
    or examines banks, savings associations, or credit unions; a state insurance commission (or an agency or officer of a state performing
    like functions); an appropriate federal banking agency; the Commodity Futures Trading Commission; or the National Credit Union Administration
    that bars the undersigned from: (i) association with an entity regulated by such commission, authority, agency or officer; (ii) engaging
    in the business of securities, insurance or banking; or (iii) engaging in savings association or credit union activities;

 

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	 	(r)	he/she is not subject to an order
    of the SEC entered pursuant to section 15(b) or 15B(c) of the Securities Exchange Act of 1934, as amended (the “Exchange
    Act”), or section 203(e) or 203(f) of the Investment Advisers Act of 1940, as amended (the “Advisers Act”),
    that: (i) suspends or revokes the undersigned’s registration as a broker, dealer, municipal securities dealer or investment
    adviser; (ii) places limitations on the activities, functions or operations of, or imposes civil money penalties on, such person;
    or (iii) bars the undersigned from being associated with any entity or from participating in the offering of any penny stock; and

 

	 	(s)	he/she has never been suspended
    or expelled from membership in, or suspended or barred from association with a member of, a securities self-regulatory organization
    (e.g., a registered national securities exchange or a registered national or affiliated securities association) for any act or omission
    to act constituting conduct inconsistent with just and equitable principles of trade.

 

9.
The undersigned has full right and power, without violating any agreement by which he, she or it is bound, to enter into this Letter
Agreement and to serve as a director and/or officer of the Company.

 

10.
The undersigned hereby waives any right to exercise redemption rights with respect to any Founder Shares owned or to be owned by the
undersigned, directly or indirectly (or to sell such shares to the Company in a tender offer), and agrees not to seek redemption with
respect to such shares in connection with any vote to approve a Business Combination (or sell such shares to the Company in a tender
offer in connection with such a Business Combination).

 

11.
The undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article 44.8 of the Company’s Amended and Restated
Memorandum and Articles of Association prior to the consummation of a Business Combination unless the Company provides public stockholders
with the opportunity to redeem their Ordinary Shares for cash upon such approval in accordance with such Articles.

  

12.
This Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving
effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. Each of the
Company and the undersigned hereby (i) agrees that any action, proceeding or claim against him arising out of or relating in any way
to this Letter Agreement (a “Proceeding”) shall be brought and enforced in the courts of the State of New York
of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction
shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.

 

13.
As used herein, (i) a “Business Combination” means a merger, share exchange, asset acquisition, stock purchase,
recapitalization, reorganization or other similar business combination with one or more businesses or entities; (ii) “Insiders”
means all officers, directors and sponsors of the Company immediately prior to the IPO; (iii) “Founder Shares”
means all of the ordinary shares of the Company, par value $0.0001 per share, outstanding prior to the consummation of the IPO; (iv)
“IPO Shares” means the Ordinary Shares issued in the Company’s IPO; (v) “Private Securities”
means the Private Units, the Private Shares and the Private Warrants; (vi) “Private Units” means the Units
that are being sold privately by the Company simultaneously with the consummation of the IPO; (vii) “Private Shares”
means the Ordinary Shares underlying the Private Units; (viii) “Private Warrants” means the Warrants underlying
the Private Units; (ix) “Trust Agreement” means the Investment Management Trust Agreement between the Company
and Continental Stock Transfer & Trust Company being entered into in connection with the IPO and governing the use of funds held
in the Trust Account; (x) “Trust Account” means the trust account into which a portion of the net proceeds
of the IPO and sale of Private Securities will be deposited; (xi) “Registration Statement” means the Company’s
registration statement on Form S-1 (SEC File No. 333-259989) filed with the Securities and Exchange Commission; and (xii) “Transfer”
shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise
dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation
with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as
amended, and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to, any security,
(b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership
of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement
of any intention to effect any transaction specified in clause (a) or (b).

 

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14.
This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof
and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent
they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed,
amended, modified or waived (other than to correct a typographical error), except by a written instrument executed by all parties hereto.

 

15.
Each of the undersigned acknowledges and understands that the Underwriters and the Company will rely upon the agreements, representations
and warranties set forth herein in proceeding with the IPO. Nothing contained herein shall be deemed to render the Underwriters a representative
of, or a fiduciary with respect to, the Company, its stockholders or any creditor or vendor of the Company with respect to the subject
matter hereof.

 

16.
No party hereto may assign either this Letter Agreement or any of its rights, interests, or obligations hereunder without the prior written
consent of the other parties. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate
to Transfer or assign any interest or title to the purported assignee. This Letter Agreement shall be binding on the Sponsor, each of
the Insiders and each of their respective successors, heirs, personal Representative and assigns and permitted transferees.

 

17.
This Letter Agreement may be executed in any number of original or facsimile counterparts, and each of such counterparts shall for all
purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

18.
This Letter 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 Letter 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 Letter Agreement a provision
as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

  

[Signature
Page Follows]

 

    6

     

    

 

	 	WKA Asset Management (Hong Kong) Limited
	 	Print Name of Insider
	 	 
	 	 
	 	Signature
	 	 
	 	C Block Capital Group Limited
	 	Print Name of Insider
	 	 
	 	 
	 	Signature
	 	 
	 	Man Chak Leung
	 	Print Name of Insider
	 	 
	 	 
	 	Signature
	 	 
	 	Qi Zhao
	 	Print Name of Insider
	 	 
	 	 
	 	Signature
	 	 
	 	Hiu Tung Kristy Chan
	 	Print Name of Insider
	 	 
	 	 
	 	Signature
	 	 
	 	Gang Li
	 	Print Name of Insider
	 	 
	 	 
	 	Signature
	 	 
	 	Michele Ann Smith
	 	Print Name of Insider
	 	 
	 	 
	 	Signature
	 	 
	 	Jonathan Weiyan Seah
	 	Print Name of Insider
	 	 
	 	 
	 	Signature
	 	 
	 	Acknowledged and Agreed:

 

    7

     

    

 

	 	VERITY ACQUISITION CORPORATION
	 	 
	 	By:	 
	 	 	Name: Bing Lin
	 	 	Title: Chief Executive Officer

  

 

8

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