Document:

Exhibit 4.2

 

RIGHTS
AGREEMENT

 

This
Rights Agreement (this “Agreement”) is made as of August 5, 2021 between Nova Vision Acquisition Corp., a British Virgin
Islands business company, with offices at 3 Ocean Way #5-7, Singapore 098368 (the “Company”), and American Stock Transfer
& Trust Company, LLC, a New York limited liability trust company (the “Right Agent”).

 

WHEREAS,
the Company has received a firm commitment from EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”), as representative
of the several underwriters, to purchase up to an aggregate of 5,000,000 units, each unit (“Unit”) comprised of one ordinary
share of the Company, par value $0.0001 (the “Ordinary Shares”), one warrant with each warrant entitling the holder thereof
to purchase one-half (1/2) of one Ordinary Share, and one right to receive one-tenth (1/10) of one Ordinary Share (a “Public Right”)
upon the happening of the triggering event described herein, and in connection therewith, will issue and deliver up to an aggregate of
5,750,000 Public Rights upon consummation of such public offering, 750,000 of which are attributable to the over-allotment option (“Public
Offering”);

 

WHEREAS,
simultaneously with the consummation of the Public Offering, the Company will issue and deliver up to an aggregate of 307,500 rights
underlying private units (the “Private Rights”) and, together with the Public Rights, the “Rights”);

 

WHEREAS,
the Company has filed with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-1, File
No. 333-257124 (“Registration Statement”), for the registration, under the Securities Act of 1933, as amended (“Act”)
of, among other securities, the Public Rights and the Ordinary Shares issuable to the holders of the Public Rights;

 

WHEREAS,
the Company desires the Right Agent to act on behalf of the Company, and the Right Agent is willing to so act, in connection with the
issuance, registration, transfer and exchange of the Rights;

 

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

 

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

 

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

 

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

 

	2.	Rights.

 

	 	2.1.	Form
    of Right. Each Right shall be issued in registered or book entry form, as requested by the Company or the holder of a Right.
    Any Rights issued in registered form shall be in substantially the form of Exhibit A hereto, the provisions of which are incorporated
    herein and shall be signed by, or bear the facsimile signature of, the Chairman of the Board or Chief Financial Officer and shall
    bear a facsimile of the Company’s seal, if any. In the event the person whose facsimile signature has been placed upon any
    Right shall have ceased to serve in the capacity in which such person signed the Right before such Right is issued, it may be issued
    with the same effect as if he or she had not ceased to be such at the date of issuance.

 

	 	2.2.	Effect
    of Countersignature. Unless and until countersigned by the Right Agent pursuant to this Agreement, a registered Right shall be
    invalid and of no effect and may not be exchanged for Ordinary Shares. 

 

	 	2.3.	Registration.

 

	 	2.3.1.	Right
    Register. The Right Agent shall maintain books (“Right Register”) for the registration of original issuance and the
    registration of transfer of the Rights. Upon the initial issuance of the Rights, the Right Agent shall issue and register the Rights
    in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the
    Right Agent by the Company.

 

    	 

     

    

 

	 	2.3.2.	Registered
    Holder. Prior to due presentment for registration of transfer of any Right, the Company and the Right Agent may deem and treat
    the person in whose name such Right shall be registered upon the Right Register (“registered holder”) as the absolute
    owner of such Right and of each Right represented thereby (notwithstanding any notation of ownership or other writing on the Right
    Certificate made by anyone other than the Company or the Right Agent), for the purpose of the exchange thereof, and for all other
    purposes, and neither the Company nor the Right Agent shall be affected by any notice to the contrary.

 

	 	2.4.	Detachability
    of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the fifty-second
    (52nd) day after the date hereof unless EF Hutton informs the Company and the Right Agent of its decision to allow earlier separate
    trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current
    Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public
    Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option
    is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when
    such separate trading shall begin.

 

	3.	Terms
    and Exchange of Rights.

 

	 	3.1.	Rights.
    Each Right shall entitle the holder thereof to receive one-tenth of one Ordinary Share upon the happening of the Exchange Event (described
    below). No additional consideration shall be paid by a holder of Rights in order to receive his, her or its Ordinary Shares upon
    the Exchange Event as the purchase price for such Ordinary Shares has been included in the purchase price for the Units. In no event
    will the Company be required to net cash settle the Rights or issue fractional Ordinary Shares. The provisions of this Section 3.1
    may not be modified, amended or deleted without the prior written consent of EF Hutton.

 

	 	3.2.	Exchange
    Event. The Exchange Event shall be the Company’s consummation of an initial Business Combination (as defined in the Company’s
    Amended and Restated Memorandum and Articles of Association).

 

	 	3.3.	Exchange
    of Rights.

 

	 	3.3.1.	Issuance
    of Certificates. As soon as practicable upon the occurrence of the Exchange Event, the Company shall direct holders of the Rights
    to return their Rights Certificates to the Right Agent. If the Company is not the surviving entity in a Business Combination, the
    holder of Rights must affirmatively elect to such conversion. Upon receipt of a valid Rights Certificate, the Right Agent shall issue
    to the registered holder of such Right(s) a certificate or certificates for the number of full 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. Notwithstanding the foregoing, or any provision
    contained in this Agreement to the contrary, in no event will the Company be required to net cash settle the Rights. The Company
    shall not issue fractional shares upon exchange of Rights. At the time of the Exchange Event, the Company will instruct the Right
    Agent to round up to the nearest whole Ordinary Share or otherwise inform it how fractional shares will be addressed in accordance
    with British Virgin Islands law. 

 

	 	3.3.2.	Valid
    Issuance. All Ordinary Shares issued upon an Exchange Event in conformity with this Agreement shall be validly issued, fully
    paid and nonassessable.

 

	 	3.3.3.	Date
    of Issuance. Each person in whose name any such certificate for Ordinary Shares is issued shall for all purposes be deemed to
    have become the holder of record of such shares on the date of the Exchange Event, irrespective of the date of delivery of such certificate.

 

	 	3.3.4.	Company
    Not Surviving Following Exchange Event. If the Exchange Event results in the Company not continuing as a publicly held reporting
    entity, the definitive agreement will provide for the holders of Rights to receive the same per share consideration as the holders
    of the Ordinary Shares will receive in with the Exchange Event, for the number of shares such holder is entitled to pursuant to Section
    3.1 above.

 

    	 

     

    

 

	 	3.4.	Duration
    of Rights. If an Exchange Event does not occur 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 Rights shall expire and shall be worthless. 

 

	4.	Transfer
    and Exchange of Rights.

 

	 	4.1.	Registration
    of Transfer. The Right Agent shall register the transfer, from time to time, of any outstanding Right upon the Right Register,
    upon surrender of such Right for transfer, properly endorsed with signatures properly guaranteed and accompanied by appropriate instructions
    for transfer. Upon any such transfer, a new Right representing an equal aggregate number of Rights shall be issued and the old Right
    shall be cancelled by the Right Agent.

 

	 	4.2.	Procedure
    for Surrender of Rights. Rights may be surrendered to the Right Agent, together with a written request for exchange or transfer,
    and thereupon the Right Agent shall issue in exchange therefor one or more new Rights as requested by the registered holder of the
    Rights so surrendered, representing an equal aggregate number of Rights; provided, however, that in the event that a Right surrendered
    for transfer bears a restrictive legend, the Right Agent shall not cancel such Right and issue new Rights in exchange therefor until
    the Right Agent has received an opinion of counsel for the Company stating that such transfer may be made and indicating whether
    the new Rights must also bear a restrictive legend.

 

	 	4.3.	Fractional
    Rights. The Right Agent shall not be required to effect any registration of transfer or exchange which will result in the issuance
    of a Right Certificate for a fraction of a Right.

 

	 	4.4.	Service
    Charges. There shall be a reasonable service charge paid to the Right Agent for any exchange or registration of transfer of Rights.

 

	 	4.5.	Right
    Execution and Countersignature. The Right Agent is hereby authorized to countersign and to deliver, in accordance with the terms
    of this Agreement, the Rights required to be issued pursuant to the provisions of this Section 4, and the Company, whenever required
    by the Right Agent, will supply the Right Agent with Rights duly executed on behalf of the Company for such purpose.

 

	5.	Other
    Provisions Relating to Rights of Holders of Rights.

 

	 	5.1.	No
    Rights as Shareholder. Until exchange of a Right for Ordinary Shares as provided for herein, a Right 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, 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.

     

	

     	5.2.	Lost,
    Stolen, Mutilated, or Destroyed Rights. If any Right is lost, stolen, mutilated, or destroyed, the Company and the Right 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 Right,
    include the surrender thereof), issue a new Right of like denomination, tenor, and date as the Right so lost, stolen, mutilated,
    or destroyed. Any such new Right shall constitute a substitute contractual obligation of the Company, whether or not the allegedly
    lost, stolen, mutilated, or destroyed Right shall be at any time enforceable by anyone.

 

	 	5.3.	Reservation
    of Ordinary Shares. The Company shall at all times reserve and keep available a number of its authorized but unissued Ordinary
    Shares that will be sufficient to permit the exchange of all outstanding Rights issued pursuant to this Agreement.

 

	6.	Concerning
    the Right Agent and Other Matters.

 

	 	6.1.	Payment
    of Taxes. The Company will from time to time promptly pay all taxes and charges that may be imposed upon the Company or the Right
    Agent in respect of the issuance or delivery of Ordinary Shares upon the exchange of Rights, but the Company shall not be obligated
    to pay any transfer taxes in respect of the Rights or such shares.

 

	 	6.2.	Resignation,
    Consolidation, or Merger of Right Agent.

 

    	 

     

    

 

	 	6.2.1.	Appointment
    of Successor Right Agent. The Right 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 Right Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall appoint in writing a successor
    Right Agent in place of the Right Agent. If the Company shall fail to make such appointment within a period of 30 days after it has
    been notified in writing of such resignation or incapacity by the Right Agent or by the holder of the Right (who shall, with such
    notice, submit his, her or its Right for inspection by the Company), then the holder of any Right may apply to the Supreme Court
    of the State of New York for the County of New York for the appointment of a successor Right Agent at the Company’s cost. Any
    successor Right Agent, whether appointed by the Company or by such court, shall be a corporation organized and existing under the
    laws of the State of New York, in good standing and having its principal office in the Borough of Manhattan, City and State of New
    York, and authorized under such laws to exercise corporate trust powers and subject to supervision or examination by federal or state
    authority. After appointment, any successor Right Agent shall be vested with all the authority, powers, rights, immunities, duties,
    and obligations of its predecessor Right Agent with like effect as if originally named as Right Agent hereunder, without any further
    act or deed; but if for any reason it becomes necessary or appropriate, the predecessor Right Agent shall execute and deliver, at
    the expense of the Company, an instrument transferring to such successor Right Agent all the authority, powers, and rights of such
    predecessor Right Agent hereunder; and upon request of any successor Right 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 Right Agent
    all such authority, powers, rights, immunities, duties, and obligations.

 

	 	6.2.2.	Notice
    of Successor Right Agent. In the event a successor Right Agent shall be appointed, the Company shall give notice thereof to the
    predecessor Right Agent and the transfer agent for the Ordinary Shares not later than the effective date of any such appointment.

 

	 	6.2.3.	Merger
    or Consolidation of Right Agent. Any corporation into which the Right Agent may be merged or with which it may be consolidated
    or any corporation resulting from any merger or consolidation to which the Right Agent shall be a party shall be the successor Right
    Agent under this Agreement without any further act.

 

	 	6.3.	Fees
    and Expenses of Right Agent.

 

	 	6.3.1.	Remuneration.
    The Company agrees to pay the Right Agent reasonable remuneration for its services as such Right Agent hereunder and will reimburse
    the Right Agent upon demand for all expenditures that the Right Agent may reasonably incur in the execution of its duties hereunder.

 

	 	6.3.2.	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 Right Agent for the
    carrying out or performing of the provisions of this Agreement.

 

	 	6.4.	Liability
    of Right Agent.

 

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

 

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

 

    	 

     

    

 

	 	6.4.3.	Exclusions.
    The Right Agent shall have no responsibility with respect to the validity of this Agreement or with respect to the validity or execution
    of any Right (except its countersignature thereof); nor shall it be responsible for any breach by the Company of any covenant or
    condition contained in this Agreement or in any Right; 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 Right or as
    to whether any Ordinary Shares will, when issued, be valid and fully paid and nonassessable.

 

	 	6.5.	Acceptance
    of Agency. The Right Agent hereby accepts the agency established by this Agreement and agrees to perform the same upon the terms
    and conditions herein set forth.

 

	 	6.6.	Waiver.
    The Right Agent hereby waives any right of set-off or any other right, title, interest or claim of any kind (“Claim”)
    in, or to any distribution of, the Trust Account (as defined in that certain Investment Management Trust Agreement, dated as of the
    date hereof, by and between the Company and the Right Agent as trustee thereunder) and hereby agrees not to seek recourse, reimbursement,
    payment or satisfaction for any Claim against the Trust Account for any reason whatsoever.

 

	7.	Miscellaneous
    Provisions.

 

	 	7.1.	Successors.
    All the covenants and provisions of this Agreement by or for the benefit of the Company or the Right Agent shall bind and inure to
    the benefit of their respective successors and assigns, except the Company’s right to assign this Agreement shall be subject
    to prior written notice and approval by the Rights Agent.

 

	 	7.2.	Notices.
    Any notice, statement or demand authorized by this Agreement to be given or made by the Right Agent or by the holder of any Right
    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 days after deposit of such notice, postage prepaid, addressed (until another address is filed
    in writing by the Company with the Right Agent), as follows:

 

Nova
Vision Acquisition Corp.

3
Ocean Way #5-7

Singapore
098368

Attn:
Eric Ping Hang Wong, Chief Executive Officer

E-mail:
ericwong@novavisionacquisition.com

 

Any
notice, statement or demand authorized by this Agreement to be given or made by the holder of any Right or by the Company to or on the
Right 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 days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Right
Agent with the Company), as follows:

 

American
Stock Transfer & Trust Company, LLC

6201
15th Avenue

Brooklyn,
NY 11219

Attn:
Reorg Department

 

and

 

Loeb
& Loeb LLP

35
Park Avenue

New
York, New York 10154

Attn:
Lawrence Venick, Esq.

 

and

 

EF
Hutton,

division
of Benchmark Investments, LLC

590
Madison Avenue, 39th Floor

New
York, NY 10022

 

    	 

     

    

 

Attention:
David Boral

E-mail:
dboral@efhuttongroup.com

 

and

 

Ellenoff
Grossman & Schole LLP

1345
Avenue of the Americas

New
York, NY 10105

Attn:
Barry Grossman

 

	 	7.3.	Applicable
    Law. The validity, interpretation, and performance of this Agreement and of the Rights shall be governed in all respects by the
    laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive
    laws of another jurisdiction. Each of the Company and the Right Agent hereby agrees that any action, proceeding or claim against
    it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York or
    the United States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction
    shall be exclusive. Each of the Company and the Right Agent hereby waives any objection to such exclusive jurisdiction and that such
    courts represent an inconvenient forum. Notwithstanding the foregoing, this exclusive forum provision shall not apply to suits brought
    to enforce a duty or liability created by the Securities and Exchange Act of 1934 (“Exchange Act”), any other claim for
    which the federal courts have exclusive jurisdiction or any complaint asserting a cause of action arising under the Securities Act
    against us or any of our directors, officers, other employees or agents. Section 27 of the Exchange Act creates exclusive federal
    jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules and regulations thereunder.
    Any such process or summons to be served upon the Company may be served by transmitting a copy thereof by registered or certified
    mail, return receipt requested, postage prepaid, addressed to it at the address set forth in Section 7.2 hereof. Such mailing shall
    be deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim.

 

	 	7.4.	Persons
    Having Rights under this Agreement. Nothing in this Agreement expressed and nothing that may be implied from any of the provisions
    hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than the parties hereto and
    the registered holders of the Rights and, for the purposes of Sections 3.1, 7.4 and 7.8 hereof, EF Hutton, any right, remedy, or
    claim under or by reason of this Agreement or of any covenant, condition, stipulation, promise, or agreement hereof. EF Hutton shall
    be deemed to be a third-party beneficiary of this Agreement with respect to Sections 3.1, 7.4 and 7.8 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 EF Hutton with respect to Sections 3.1, 7.4 and 7.8 hereof) and their successors and assigns and of the registered holders of
    the Rights.

 

	 	7.5.	Examination
    of this Agreement. A copy of this Agreement shall be available at all reasonable times at the office of the Right Agent in the
    Borough of Manhattan, City and State of New York, for inspection by the registered holder of any Right. The Right Agent may require
    any such holder to submit his, her or its Right for inspection by it.

 

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

 

	 	7.7.	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.

 

	 	7.8.	Amendments.
    This Agreement may be amended by the parties hereto without the consent of any registered holder for the purpose of curing any ambiguity,
    or of curing, correcting or supplementing any defective provision contained herein or adding or changing any other provisions with
    respect to matters or questions arising under this Agreement as the parties may deem necessary or desirable and that the parties
    deem shall not adversely affect the interest of the registered holders in any material respect. All other modifications or amendments
    shall require the written consent or vote of the registered holders of a majority of the then outstanding Rights. The provisions
    of this Section 7.8 may not be modified, amended or deleted without the prior written consent of EF Hutton.

 

    	 

     

    

 

	 	7.9.	Severability.
    This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect
    the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid
    or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Agreement a provision as
    similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

[Signature
Page Follows]

 

    	 

     

    

  

IN
WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first above written.

 

	 	NOVA
    VISION ACQUISITION CORP.
	 	 
	 	By:	/s/
    Eric Ping Hang Wong
	 	 	Name:
    Eric Ping Hang Wong
	 	 	Title:
    Chief Executive Officer
	 	 	 
	 	AMERICAN
    STOCK TRANSFER & TRUST COMPANY, LLC
	 	 	 
	 	By:	/s/
    Michael A. Nespoli
	 	 	Name:
    Michael A. Nespoli
	 	 	Title:
    Executive Director

  

[Signature
page to Rights Agreement between Nova Vision Acquisition Corp. and

American
Stock Transfer & Trust Company, LLC]

 

    	 

     

    

 

EXHIBIT
A

Form
of RightExhibit 10.1

 

August
5, 2021

 

Nova
Vision Acquisition Corp.

3 Ocean Way #5-7

Singapore
098368

 

EF
Hutton,

division
of Benchmark Investments, LLC

590 Madison Avenue, 39th Floor

New
York, NY 10022

 

Re:Initial
Public Offering

 

Ladies
and Gentlemen:

 

This
letter is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”)
entered into by and between Nova Vision Acquisition Corp., a British Virgin Islands company (the “Company”),
and EF Hutton, division of Benchmark Investments, LLC, as Representative (the “Representative”) of the several
underwriters named on Schedule A thereto (the “Underwriters”), relating to an underwritten initial public offering
(the “IPO”) of the Company’s units (the “Units”), each comprised of one ordinary
share of the Company, par value $0.0001 per share (the “Ordinary Shares”), one redeemable warrant, each warrant
entitling its holder to purchase 1/2 of one Ordinary Share at an exercise price of $11.50 per full share (the “Warrants”),
and one right, each right entitling its holder to receive 1/10 of one Ordinary Share (the “Rights”). Certain
capitalized terms used herein are defined in paragraph 14 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 as a shareholder of the Company, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

1.       If
the Company solicits approval of its shareholders 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)
Unless the Company’s shareholders are previously given the option to redeem their shares in connection with amending applicable
documents to extend the time that the Company has to complete a Business Combination and that the Company fails to consummate a Business
Combination within 12 months (or 15 months if the Company has filed a proxy statement, registration statement or similar filing for a
Business Combination within 12 months from the closing of the IPO but have not completed the Business Combination within such 12-month
period (or up to 21 months if the Company chooses to extend such period) from the closing of the Company’s IPO, the undersigned
shall take all reasonable steps to (i) cause the Trust Fund to be liquidated and distributed to the holders of the IPO Shares and (ii)
cause the Company to liquidate as soon as reasonably practicable.

 

[Signature page to insider letter] 

 

    	 

     

    

 

(b)       The
undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Fund and any
remaining net assets of the Company as a result of such liquidation with respect to his, her or its Insider Shares (“Claim”)
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 Fund for any reason whatsoever.

 

3.       The
undersigned will escrow all of his, her or its Insider Shares pursuant to the terms of a Stock Escrow Agreement, which the Company will
enter into with the undersigned and an escrow agent acceptable to the Company.

 

4.       In
order to minimize potential conflicts of interest which may arise from multiple affiliations, the undersigned agrees to present to the
Company for its consideration, prior to presentation to any other person or entity, any suitable opportunity to acquire a target business,
until the earlier of the consummation by the Company of a Business Combination or the liquidation of the Company, subject to any pre-existing
fiduciary and contractual obligations the undersigned might have.

 

5.       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, including any company that is a portfolio company of, or otherwise affiliated with,
or has received financial investment from, an entity with which any Insider or their affiliates is affiliated, 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 that such Business Combination is fair to the Company’s unaffiliated shareholders from a financial point
of view.

 

6.       Neither
the undersigned, any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to receive and will
not accept any compensation or other cash payment prior to, or for services rendered in connection with, the consummation of the Business
Combination; provided that the Company shall be allowed to repay working capital loans made by the undersigned to the Company
in cash upon consummation of the Business Combination. Notwithstanding the foregoing, the undersigned and any affiliate of the undersigned
shall be entitled to reimbursement from the Company for their out-of-pocket expenses incurred in connection with identifying, investigating
and consummating a Business Combination.

 

7.       Neither
the undersigned, any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to receive or accept
a finder’s fee or any other compensation in the event the undersigned, any member of the family of the undersigned or any affiliate
of the undersigned originates a Business Combination.

 

    	2 

     

    

 

8.       
The undersigned agrees to be a director/officer of the
Company until the earlier of the consummation by the Company of a Business Combination or the liquidation of the Company. The undersigned’s
biographical information previously furnished to the Company and the Representative is true and accurate in all material respects, does
not omit any material information with respect to the undersigned’s biography and contains all of the information required to be
disclosed pursuant to Item 401 of Regulation S-K, promulgated under the Securities Act of 1933. The undersigned’s FINRA Questionnaire
previously furnished to the Company and the Representative is true and accurate in all material respects. The undersigned represents
and warrants that:

 

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

 

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

 

		(c)	He,
                                            she or it has never been convicted of fraud in a civil or criminal proceeding;

 

		(d)	He,
                                            she or it 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 or it 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 or it 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, or it 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 or its right to engage in any activity
                                            described in 10(e)(i) above, or to be associated with persons engaged in any such activity;

 

    	3 

     

    

 

		(g)	He,
                                            she, or it 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, or it 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;

 

		(i)	He,
                                            she, or it has never been the subject of, or a party to, any Federal, State or foreign judicial
                                            or administrative order, judgment, decree or finding, not subsequently reversed, suspended
                                            or vacated, relating to an alleged violation of (i) any Federal, State or foreign 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 or it 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 or it 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 or it was never subject to a final order of a state or foreign securities commission
                                            (or an agency of officer of a state performing like functions); a state or foreign authority
                                            that supervises or examines banks, savings associations, or credit unions; a state or foreign
                                            insurance commission (or an agency or officer of a state performing like functions); an appropriate
                                            federal or foreign banking agency; the CFTC; 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 or it has never been subject to any order, judgment or decree of any court of competent
                                            jurisdiction, that, at the time of the sale of the Units, restrained or enjoined him, her
                                            or it 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 any foreign regulatory agency with similar functions; 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;

 

    	4 

     

    

 

		(n)	He,
                                            she or it has never been subject to any order of the SEC or any foreign regulatory agency
                                            with similar functions that orders him, her or it 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, Section 15(c) 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 or it has never filed (as a registrant or issuer), or 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 or it 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 or it 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 CFTC; 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;

 

		(r)	He,
                                            she or it 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 (the “Exchange Act”) or section 203(e)
                                            or 203(f) of the Investment Advisers Act of 1940 (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

 

    	5 

     

    

 

		(s)	He,
                                            she or it 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 his, her or its right to exercise redemption rights with respect to any Ordinary Shares owned or to be owned
by the undersigned, directly or indirectly (or to sell such shares to the Company in a tender offer), whether purchased by the undersigned
prior to the IPO, in the IPO or in the aftermarket, and agrees that he, she or it will not seek redemption with respect to or otherwise
sell, such shares in connection with any vote to approve a Business Combination with respect thereto, a vote to amend the provisions
of the Company’s Amended and Restated Memorandum and Articles of Association, or a tender offer by the Company prior to a Business
Combination.

 

11.       The
undersigned hereby agrees to not propose, or vote in favor of, an amendment to the Company’s Amended and Restated Memorandum and
Articles of Association with respect to the Company’s pre-Business Combination activities prior to the consummation of a Business
Combination unless the Company offers holders of IPO Shares the right to receive their pro rata portion of the funds then held in the
Trust Fund.

 

12.       In
connection with Section 5-1401 of the General Obligations Law of the State of New York, this letter agreement shall be governed by, and
construed in accordance with, the laws of the State of New York without regard to principles of conflicts of law that would result in
the application of the substantive law of another jurisdiction. The parties hereto agree that any action, proceeding or claim arising
out of or relating in any way to this letter agreement shall be resolved through final and binding arbitration in accordance with the
International Arbitration Rules of the American Arbitration Association (“AAA”). The arbitration shall be brought before
the AAA International Center for Dispute Resolution’s offices in New York City, New York, will be conducted in English and will
be decided by a panel of three arbitrators selected from the AAA Commercial Disputes Panel and that the arbitrator panel’s decision
shall be final and enforceable by any court having jurisdiction over the party from whom enforcement is sought. The cost of such arbitrators
and arbitration services, together with the prevailing party’s legal fees and expenses, shall be borne by the non-prevailing party
or as otherwise directed by the arbitrators.

 

13.       As
used herein, (i) a “Business Combination” shall mean a merger, share exchange, asset acquisition, contractual
arrangement, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities;
(ii) “Insiders” shall mean all officers, directors and shareholders of the Company immediately prior to the
IPO; (iii) “Insider Shares” shall mean all of the Ordinary Shares of the Company acquired by an Insider prior
to the IPO and any Ordinary Shares underlying the Private Units; (iv) “IPO Shares” shall mean the Ordinary
Shares issued in the Company’s IPO; (v) “Registration Statement” means the registration statement on
Form S-1 filed by the Company with respect to the IPO; and (vi) “Trust Fund” shall mean the trust fund into
which a portion of the net proceeds of the Company’s IPO will be deposited.

 

    	6 

     

    

 

14.       Any
notice, consent or request to be given in connection with any of the terms or provisions of this letter agreement shall be in writing
and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery,
by electronic mail or by facsimile transmission.

If
to the Representative:

 

EF
Hutton,

division
of Benchmark Investments, LLC

590 Madison Avenue, 39th Floor

New
York, NY 10022

Attn:
David Boral

Email:
dboral@efhuttongroup.com

 

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

 

Ellenoff
Grossman & Schole LLP

1345
Avenue of the Americas

New
York, NY 10105

Attn: Barry Grossman, Esq.

Email: bigrossman@egsllp.com

 

If
to the Company:

 

Nova
Vision Acquisition Corp.

3
Ocean Way #5-7

Singapore
098368

Attn: Eric Ping Hang Wong, Chief Executive Officer

Email: ericwong@novavisionacquisition.com

 

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

 

Loeb
& Loeb LLP

345 Park Avenue

New York, NY 10154

Attn: Lawrence Venick, Esq.

Email: lvenick@loeb.com

 

15.       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 party. 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 parties hereto and
any successors and assigns thereof.

 

    	7 

     

    

  

16.       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) as to any particular provision, except by a written instrument executed
by all parties hereto.

 

17.       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 shareholders or any creditor or vendor of the Company with respect to the subject matter
hereof.

 

[Signature
pages follow]

 

    	8 

     

    

 

	 	/s/
Eric Ping Hang Wong

	 	Eric
    Ping Hang Wong
	 	 
	 	/s/
Wing-Ho Ngan

	 	Wing-Ho
    Ngan
	 	 

	 	/s/
    Wing-Ho Ngan
	 	Tin
Lun Brian Cheng

	 	 
	 	/s/
Wing-Ho Ngan

	 	Philip
    Richard Herbert
	 	 
	 	

    /s/
    Chun Fung Horace Ma

	 	Chun
    Fung Horace Ma

 

 [Signature
page to insider letter]

 

    	 

     

    

 

August
5, 2021

 

Nova
Vision Acquisition Corp.

3 Ocean Way #5-7

Singapore
098368

 

EF
Hutton,

division
of Benchmark Investments, LLC

590 Madison Avenue, 39th Floor

New
York, NY 10022

 

Re:Initial
Public Offering

 

Ladies
and Gentlemen:

 

This
letter is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”)
entered into by and between Nova Vision Acquisition Corp., a British Virgin Islands company (the “Company”),
and EF Hutton, division of Benchmark Investments, LLC, as Representative (the “Representative”) of the several
underwriters named on Schedule A thereto (the “Underwriters”), relating to an underwritten initial public offering
(the “IPO”) of the Company’s units (the “Units”), each comprised of one ordinary
share of the Company, par value $0.0001 per share (the “Ordinary Shares”), one redeemable warrant, each warrant
entitling its holder to purchase 1/2 of one Ordinary Share at an exercise price of $11.50 per full share (the “Warrants”),
and one right, each right entitling its holder to receive 1/10 of one Ordinary Share (the “Rights”). Certain
capitalized terms used herein are defined in paragraph 14 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 as a shareholder of the Company, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

1.       If
the Company solicits approval of its shareholders 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)
Unless the Company’s shareholders are previously given the option to redeem their shares in connection with amending applicable
documents to extend the time that the Company has to complete a Business Combination and that the Company fails to consummate a Business
Combination within 12 months (or 15 months if the Company has filed a proxy statement, registration statement or similar filing for a
Business Combination within 12 months from the closing of the IPO but have not completed the Business Combination within such 12-month
period (or up to 21 months if the Company chooses to extend such period) from the closing of the Company’s IPO, the undersigned
shall take all reasonable steps to (i) cause the Trust Fund to be liquidated and distributed to the holders of the IPO Shares and (ii)
cause the Company to liquidate as soon as reasonably practicable.

 

 [Signature page to insider letter]

 

    	 

     

    

 

(b)       The
undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Fund and any
remaining net assets of the Company as a result of such liquidation with respect to his, her or its Insider Shares including any shares
underlying the Private Units (“Claim”) 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 Fund for any
reason whatsoever. The undersigned acknowledges and agrees that there will be no distribution from the Trust Fund with respect to any
Warrants or Rights underlying the Private Units, all of which will terminate on the Company’s liquidation.

 

(c)       In
the event of the liquidation of the Trust Fund, the undersigned 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 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 vendor or other person has executed
an agreement waiving any claims against the Trust Fund.

 

3.       
In the event that the Company does not consummate a
Business Combination and must liquidate and its remaining net assets are insufficient to complete such liquidation, the undersigned agrees
to advance such funds necessary to complete such liquidation and agrees not to seek recourse for such expenses.

 

4.       The
undersigned will escrow all of his, her or its Insider Shares pursuant to the terms of a Stock Escrow Agreement, which the Company will
enter into with the undersigned and an escrow agent acceptable to the Company.

 

5.       The
undersigned agrees that until the Company consummates a Business Combination, the undersigned’s Private Units will be subject to
the transfer restrictions described in the Subscription Agreement relating to the undersigned’s Private Units.

 

6.       In
order to minimize potential conflicts of interest which may arise from multiple affiliations, the undersigned agrees to present to the
Company for its consideration, prior to presentation to any other person or entity, any suitable opportunity to acquire a target business,
until the earlier of the consummation by the Company of a Business Combination or the liquidation of the Company, subject to any pre-existing
fiduciary and contractual obligations the undersigned might have.

 

    	2 

     

    

 

7.       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, including any company that is a portfolio company of, or otherwise affiliated with,
or has received financial investment from, an entity with which any Insider or their affiliates is affiliated, 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 that such Business Combination is fair to the Company’s unaffiliated shareholders from a financial point
of view.

 

8.       Neither
the undersigned, any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to receive and will
not accept any compensation or other cash payment prior to, or for services rendered in connection with, the consummation of the Business
Combination; provided that the Company shall be allowed to repay working capital loans made by the undersigned to the Company
in cash upon consummation of the Business Combination. Notwithstanding the foregoing, the undersigned and any affiliate of the undersigned
shall be entitled to reimbursement from the Company for their out-of-pocket expenses incurred in connection with identifying, investigating
and consummating a Business Combination.

 

9.       Neither
the undersigned, any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to receive or accept
a finder’s fee or any other compensation in the event the undersigned, any member of the family of the undersigned or any affiliate
of the undersigned originates a Business Combination.

 

10.       
The undersigned’s FINRA Questionnaire previously
furnished to the Company and the Representative is true and accurate in all material respects. The undersigned represents and warrants
that:

 

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

 

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

 

		(c)	He,
                                            she or it has never been convicted of fraud in a civil or criminal proceeding;

 

		(d)	He,
                                            she or it 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 or it 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 or it 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;

 

    	3 

     

    

  

		(f)	He,
                                            she, or it 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 or its right to engage in any activity
                                            described in 10(e)(i) above, or to be associated with persons engaged in any such activity;

 

		(g)	He,
                                            she, or it 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, or it 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;

 

		(i)	He,
                                            she, or it has never been the subject of, or a party to, any Federal, State or foreign judicial
                                            or administrative order, judgment, decree or finding, not subsequently reversed, suspended
                                            or vacated, relating to an alleged violation of (i) any Federal, State or foreign 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 or it 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 or it 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;

 

    	4 

     

    

 

		(l)	He,
                                            she or it was never subject to a final order of a state or foreign securities commission
                                            (or an agency of officer of a state performing like functions); a state or foreign authority
                                            that supervises or examines banks, savings associations, or credit unions; a state or foreign
                                            insurance commission (or an agency or officer of a state performing like functions); an appropriate
                                            federal or foreign banking agency; the CFTC; 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 or it has never been subject to any order, judgment or decree of any court of competent
                                            jurisdiction, that, at the time of the sale of the Units, restrained or enjoined him, her
                                            or it 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 any foreign regulatory agency with similar functions; 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 or it has never been subject to any order of the SEC or any foreign regulatory agency
                                            with similar functions that orders him, her or it 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, Section 15(c) 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 or it has never filed (as a registrant or issuer), or 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 or it 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 or it 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 CFTC; 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;

 

    	5 

     

    

 

		(r)	He,
                                            she or it 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 (the “Exchange Act”) or section 203(e)
                                            or 203(f) of the Investment Advisers Act of 1940 (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 or it 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.

 

11.       The
undersigned hereby waives his, her or its right to exercise redemption rights with respect to any Ordinary Shares owned or to be owned
by the undersigned, directly or indirectly (or to sell such shares to the Company in a tender offer), whether purchased by the undersigned
prior to the IPO, in the IPO or in the aftermarket, and agrees that he, she or it will not seek redemption with respect to or otherwise
sell, such shares in connection with any vote to approve a Business Combination with respect thereto, a vote to amend the provisions
of the Company’s Amended and Restated Memorandum and Articles of Association, or a tender offer by the Company prior to a Business
Combination.

 

12.       The
undersigned hereby agrees to not propose, or vote in favor of, an amendment to the Company’s Amended and Restated Memorandum and
Articles of Association with respect to the Company’s pre-Business Combination activities prior to the consummation of a Business
Combination unless the Company offers holders of IPO Shares the right to receive their pro rata portion of the funds then held in the
Trust Fund.

 

13.       In
connection with Section 5-1401 of the General Obligations Law of the State of New York, this letter agreement shall be governed by, and
construed in accordance with, the laws of the State of New York without regard to principles of conflicts of law that would result in
the application of the substantive law of another jurisdiction. The parties hereto agree that any action, proceeding or claim arising
out of or relating in any way to this letter agreement shall be resolved through final and binding arbitration in accordance with the
International Arbitration Rules of the American Arbitration Association (“AAA”). The arbitration shall be brought before
the AAA International Center for Dispute Resolution’s offices in New York City, New York, will be conducted in English and will
be decided by a panel of three arbitrators selected from the AAA Commercial Disputes Panel and that the arbitrator panel’s decision
shall be final and enforceable by any court having jurisdiction over the party from whom enforcement is sought. The cost of such arbitrators
and arbitration services, together with the prevailing party’s legal fees and expenses, shall be borne by the non-prevailing party
or as otherwise directed by the arbitrators.

 

    	6 

     

    

 

14.       As
used herein, (i) a “Business Combination” shall mean a merger, share exchange, asset acquisition, contractual
arrangement, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities;
(ii) “Insiders” shall mean all officers, directors and shareholders of the Company immediately prior to the
IPO; (iii) “Insider Shares” shall mean all of the Ordinary Shares of the Company acquired by an Insider prior
to the IPO and any Ordinary Shares underlying the Private Units; (iv) “IPO Shares” shall mean the Ordinary
Shares issued in the Company’s IPO; (v) “Private Units” shall mean (x) the Units purchased in the private
placement taking place simultaneously with the consummation of the Company’s IPO and (y) the additional Units that may be purchased
in connection with the exercise of the over-allotment option by the underwriters in the IPO as described in the Registration Statement;
(vi) “Registration Statement” means the registration statement on Form S-1 filed by the Company with respect
to the IPO; and (vii) “Trust Fund” shall mean the trust fund into which a portion of the net proceeds of the
Company’s IPO will be deposited.

 

15.       Any
notice, consent or request to be given in connection with any of the terms or provisions of this letter agreement shall be in writing
and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery,
by electronic mail or by facsimile transmission.

 

If
to the Representative:

 

EF
Hutton,

division
of Benchmark Investments, LLC

590 Madison Avenue, 39th Floor

New
York, NY 10022

Attn:
David Boral

Email:
dboral@efhuttongroup.com

 

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

 

Ellenoff
Grossman & Schole LLP

1345
Avenue of the Americas

New
York, NY 10105

Attn: Barry Grossman, Esq.

Email: bigrossman@egsllp.com

 

    	7 

     

    

 

If
to the Company:

 

Nova
Vision Acquisition Corp.

3
Ocean Way #5-7

Singapore
098368

Attn: Eric Ping Hang Wong, Chief Executive Officer

Email: ericwong@novavisionacquisition.com

 

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

 

Loeb
& Loeb LLP

345 Park Avenue

New York, NY 10154

Attn: Lawrence Venick, Esq.

Email: lvenick@loeb.com

 

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 party. 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 parties hereto and
any successors and assigns thereof.

 

17.       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) as to any particular provision, except by a written instrument executed
by all parties hereto.

 

18.       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 shareholders or any creditor or vendor of the Company with respect to the subject matter
hereof.

 

[Signature
pages follow]

 

    	8 

     

    

  

	 	Nova Pulsar Holdings Limited
	 	 	 
	 	By:	

    /s/
    Wing-Ho Ngan

	 	Name:	Wing-Ho
    Ngan
	 	Title:	Director

 

[Signature page to insider letter] 

 

    	 

     

    

 

August
5, 2021

 

Nova
Vision Acquisition Corp.

3 Ocean Way #5-7

Singapore
098368

 

EF
Hutton,

division
of Benchmark Investments, LLC

590 Madison Avenue, 39th Floor

New
York, NY 10022

 

Re:Initial
Public Offering

 

Ladies
and Gentlemen:

This
letter is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”)
entered into by and between Nova Vision Acquisition Corp., a British Virgin Islands company (the “Company”),
and EF Hutton, division of Benchmark Investments, LLC, as Representative (the “Representative”) of the several
underwriters named on Schedule A thereto (the “Underwriters”), relating to an underwritten initial public offering
(the “IPO”) of the Company’s units (the “Units”), each comprised of one ordinary
share of the Company, par value $0.0001 per share (the “Ordinary Shares”), one redeemable warrant, each warrant
entitling its holder to purchase 1/2 of one Ordinary Share at an exercise price of $11.50 per full share (the “Warrants”),
and one right, each right entitling its holder to receive 1/10 of one Ordinary Share (the “Rights”). Certain
capitalized terms used herein are defined in paragraph 14 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 as a shareholder of the Company, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

1.       If
the Company solicits approval of its shareholders 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)
Unless the Company’s shareholders are previously given the option to redeem their shares in connection with amending applicable
documents to extend the time that the Company has to complete a Business Combination and that the Company fails to consummate a Business
Combination within 12 months (or 15 months if the Company has filed a proxy statement, registration statement or similar filing for a
Business Combination within 12 months from the closing of the IPO but have not completed the Business Combination within such 12-month
period (or up to 21 months if the Company chooses to extend such period) from the closing of the Company’s IPO, the undersigned
shall take all reasonable steps to (i) cause the Trust Fund to be liquidated and distributed to the holders of the IPO Shares and (ii)
cause the Company to liquidate as soon as reasonably practicable.

 

[Signature page to insider letter] 

 

    	 

     

    

 

(b)       The
undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Fund and any
remaining net assets of the Company as a result of such liquidation with respect to his, her or its Insider Shares (“Claim”)
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 Fund for any reason whatsoever.

 

3.       The
undersigned will escrow all of his, her or its Insider Shares pursuant to the terms of a Stock Escrow Agreement, which the Company will
enter into with the undersigned and an escrow agent acceptable to the Company.

 

4.       In
order to minimize potential conflicts of interest which may arise from multiple affiliations, the undersigned agrees to present to the
Company for its consideration, prior to presentation to any other person or entity, any suitable opportunity to acquire a target business,
until the earlier of the consummation by the Company of a Business Combination or the liquidation of the Company, subject to any pre-existing
fiduciary and contractual obligations the undersigned might have.

 

5.       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, including any company that is a portfolio company of, or otherwise affiliated with,
or has received financial investment from, an entity with which any Insider or their affiliates is affiliated, 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 that such Business Combination is fair to the Company’s unaffiliated shareholders from a financial point
of view.

 

6.       Neither
the undersigned, any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to receive and will
not accept any compensation or other cash payment prior to, or for services rendered in connection with, the consummation of the Business
Combination; provided that the Company shall be allowed to repay working capital loans made by the undersigned to the Company
in cash upon consummation of the Business Combination. Notwithstanding the foregoing, the undersigned and any affiliate of the undersigned
shall be entitled to reimbursement from the Company for their out-of-pocket expenses incurred in connection with identifying, investigating
and consummating a Business Combination.

 

7.       Neither
the undersigned, any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to receive or accept
a finder’s fee or any other compensation in the event the undersigned, any member of the family of the undersigned or any affiliate
of the undersigned originates a Business Combination.

 

8.       The
undersigned’s FINRA Questionnaire previously furnished to the Company and the Representative is true and accurate in all material
respects. The undersigned represents and warrants that:

 

    	2 

     

    

 

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

 

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

 

		(c)	He,
                                            she or it has never been convicted of fraud in a civil or criminal proceeding;

 

		(d)	He,
                                            she or it 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 or it 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 or it 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, or it 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 or its right to engage in any activity
                                            described in 10(e)(i) above, or to be associated with persons engaged in any such activity;

 

		(g)	He,
                                            she, or it 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, or it 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;

 

    	3 

     

    

 

		(i)	He,
                                            she, or it has never been the subject of, or a party to, any Federal, State or foreign judicial
                                            or administrative order, judgment, decree or finding, not subsequently reversed, suspended
                                            or vacated, relating to an alleged violation of (i) any Federal, State or foreign 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 or it 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 or it 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 or it was never subject to a final order of a state or foreign securities commission
                                            (or an agency of officer of a state performing like functions); a state or foreign authority
                                            that supervises or examines banks, savings associations, or credit unions; a state or foreign
                                            insurance commission (or an agency or officer of a state performing like functions); an appropriate
                                            federal or foreign banking agency; the CFTC; 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 or it has never been subject to any order, judgment or decree of any court of competent
                                            jurisdiction, that, at the time of the sale of the Units, restrained or enjoined him, her
                                            or it 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 any foreign regulatory agency with similar functions; 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;

 

    	4 

     

    

 

		(n)	He,
                                            she or it has never been subject to any order of the SEC or any foreign regulatory agency
                                            with similar functions that orders him, her or it 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, Section 15(c) 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 or it has never filed (as a registrant or issuer), or 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 or it 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 or it 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 CFTC; 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;

 

		(r)	He,
                                            she or it 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 (the “Exchange Act”) or section 203(e)
                                            or 203(f) of the Investment Advisers Act of 1940 (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 or it 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.

 

    	5 

     

    

 

9.       The
undersigned hereby waives his, her or its right to exercise redemption rights with respect to any Ordinary Shares owned or to be owned
by the undersigned, directly or indirectly (or to sell such shares to the Company in a tender offer), whether purchased by the undersigned
prior to the IPO, in the IPO or in the aftermarket, and agrees that he, she or it will not seek redemption with respect to or otherwise
sell, such shares in connection with any vote to approve a Business Combination with respect thereto, a vote to amend the provisions
of the Company’s Amended and Restated Memorandum and Articles of Association, or a tender offer by the Company prior to a Business
Combination.

 

10.       The
undersigned hereby agrees to not propose, or vote in favor of, an amendment to the Company’s Amended and Restated Memorandum and
Articles of Association with respect to the Company’s pre-Business Combination activities prior to the consummation of a Business
Combination unless the Company offers holders of IPO Shares the right to receive their pro rata portion of the funds then held in the
Trust Fund.

 

11.       In
connection with Section 5-1401 of the General Obligations Law of the State of New York, this letter agreement shall be governed by, and
construed in accordance with, the laws of the State of New York without regard to principles of conflicts of law that would result in
the application of the substantive law of another jurisdiction. The parties hereto agree that any action, proceeding or claim arising
out of or relating in any way to this letter agreement shall be resolved through final and binding arbitration in accordance with the
International Arbitration Rules of the American Arbitration Association (“AAA”). The arbitration shall be brought before
the AAA International Center for Dispute Resolution’s offices in New York City, New York, will be conducted in English and will
be decided by a panel of three arbitrators selected from the AAA Commercial Disputes Panel and that the arbitrator panel’s decision
shall be final and enforceable by any court having jurisdiction over the party from whom enforcement is sought. The cost of such arbitrators
and arbitration services, together with the prevailing party’s legal fees and expenses, shall be borne by the non-prevailing party
or as otherwise directed by the arbitrators.

 

12.       As
used herein, (i) a “Business Combination” shall mean a merger, share exchange, asset acquisition, contractual
arrangement, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities;
(ii) “Insiders” shall mean all officers, directors and shareholders of the Company immediately prior to the
IPO; (iii) “Insider Shares” shall mean all of the Ordinary Shares of the Company acquired by an Insider prior
to the IPO and any Ordinary Shares underlying the Private Units; (iv) “IPO Shares” shall mean the Ordinary
Shares issued in the Company’s IPO; (v) “Registration Statement” means the registration statement on
Form S-1 filed by the Company with respect to the IPO; and (vi) “Trust Fund” shall mean the trust fund into
which a portion of the net proceeds of the Company’s IPO will be deposited.

 

13.       Any
notice, consent or request to be given in connection with any of the terms or provisions of this letter agreement shall be in writing
and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery,
by electronic mail or by facsimile transmission.

 

    	6 

     

    

 

If
to the Representative:

 

EF
Hutton,

division
of Benchmark Investments, LLC

590 Madison Avenue, 39th Floor

New
York, NY 10022

Attn:
David Boral

Email:
dboral@efhuttongroup.com

 

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

 

Ellenoff
Grossman & Schole LLP

1345
Avenue of the Americas

New
York, NY 10105

Attn: Barry Grossman, Esq.

Email: bigrossman@egsllp.com

 

If
to the Company:

 

Nova
Vision Acquisition Corp.

3
Ocean Way #5-7

Singapore
098368

Attn: Eric Ping Hang Wong, Chief Executive Officer

Email: ericwong@novavisionacquisition.com

 

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

 

Loeb
& Loeb LLP

345 Park Avenue

New York, NY 10154

Attn: Lawrence Venick, Esq.

Email: lvenick@loeb.com

 

14.       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 party. 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 parties hereto and
any successors and assigns thereof.

 

15.       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) as to any particular provision, except by a written instrument executed
by all parties hereto.

 

    	7 

     

    

 

16.       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 shareholders or any creditor or vendor of the Company with respect to the subject matter
hereof.

 

[Signature
pages follow]

 

    	8 

     

    

 

	 	Poseidon Ocean Corporation
	 	 	 
	 	By:	/s/
Kin Stephen Sze

	 	Name:	Kin
    Stephen Sze
	 	Title:	Director

 

[Signature page to insider letter]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00332-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00332-of-00352.parquet"}]]