Document:

Exhibit 10.3

 

SPONSOR LOCK-UP AGREEMENT

 

THIS SPONSOR LOCK-UP AGREEMENT
(this “Agreement”) is dated as of April 3, 2022, by and between the person set forth on Schedule A hereto (each
a “Holder”, and collectively, the “Holders”) and Hypebeast Limited, a Cayman Islands exempted company
(the “Company”). Capitalized terms used and not otherwise defined herein shall have the meanings given such terms in
the Merger Agreement (as defined below).

 

BACKGROUND

 

A.            The
Company, Hypebeast WAGMI Inc., a Delaware corporation and wholly owned subsidiary of the Company, and Iron Spark I Inc., a Delaware corporation
(the “SPAC”) entered into an Agreement and Plan of Merger Agreement dated as of April 3, 2022 (as the same may be amended,
restated or supplemented, the “Merger Agreement”).

 

B.            Each
Holder is, as of the date of this Agreement, the sole legal owner of that certain number of SPAC Shares set forth opposite such Holder’s
name on Schedule A hereto, which will be exchanged for Company Shares pursuant to the Merger Agreement.

 

C.            As
a condition of, and as a material inducement for the Company to enter into and consummate the transactions contemplated by the Merger
Agreement, each Holder has agreed to execute and deliver this Agreement.

 

NOW, THEREFORE, for and in consideration
of the mutual covenants and agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the parties, intending to be legally bound, agree as follows:

 

AGREEMENT

 

1.            Lock-Up.

 

(a)            During
the Lock-up Period (as defined below), each Holder irrevocably agrees that it, he or she will not tender, grant, assign, offer, sell,
contract to sell, pledge or otherwise dispose of (including by gift, tender or exchange offer, merger or operation of law), encumber,
hedge or utilize a derivative to transfer the economic interest in (collectively, the “Transfer”), directly or indirectly,
any of the Lock-up Shares (as defined below), enter into a transaction that would have the same effect, or enter into any contract, option,
swap, hedge or other arrangement with respect to the Transfers of, in whole or in part, the economic consequences of ownership of such
Lock-up Shares, whether any of these transactions are to be settled by delivery of any such Lock-up Shares, in cash or otherwise, publicly
disclose the intention to make any offer, sale, pledge or disposition, or to enter into any transaction, swap, hedge or other arrangement,
or engage in any Short Sales (as defined below) with respect to any security of Company.

 

(b)            In
furtherance of the foregoing, Company will (i) place an irrevocable stop order on all Lock-up Shares, including those which may be
covered by a registration statement, and (ii) notify Company’s transfer agent in writing of the stop order and the restrictions
on such Lock-up Shares under this Agreement and direct Company’s transfer agent not to process any attempts by any Holder to resell
or transfer any Lock-up Shares, except in compliance with this Agreement.

 

(c)            For
purposes hereof, “Short Sales” include, without limitation, all “short sales” as defined in Rule 200
promulgated under Regulation SHO under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and all
types of direct and indirect stock pledges, forward sale contracts, options, puts, calls, swaps and similar arrangements (including on
a total return basis), and sales and other transactions through non-US broker dealers or foreign regulated brokers.

 

     

     

    

 

(d)            For
purpose of this Agreement, the “Lock-up Period” means the period commencing on the Closing Date and ending on the date
that is the three-year anniversary of the Closing Date, provided that:

 

(i)            with
respect to one-third of the Lock-up Shares, such shares shall be released from the Lock-up Period on the one-year anniversary of the Closing
Date (the “Initial Release Date”), and

 

(ii)            with
respect to the remainder of the Lock-up Shares, an additional 1/24 of such Lock-up Shares shall be released from the Lock-up Period on
each monthly anniversary of the Initial Release Date.

 

(e)            With
respect to each Holder, the restrictions set forth herein shall not apply to: (1) distributions to the such Holder’s current
or former general or limited partners, managers or members, stockholders, other equityholders or direct or indirect affiliates (within
the meaning of Rule 405 under the Securities Act of 1933, as amended) or to the estates of any of the foregoing via dividend or share
repurchase; (2) transfers by bona fide gift to a member of such Holder’s immediate family or to a trust, the beneficiary of
which is the Holder or a member of the Holder’s immediate family for estate planning purposes; (3) transfers by virtue of the
laws of descent and distribution upon death of the Holder; (4) transfers pursuant to a qualified domestic relations order; or (5) transfers
relating to Company Shares or other securities convertible into or exercisable or exchangeable for Company Shares acquired in open market
transactions after the Closing; provided that in each case of the foregoing sub-clauses (1) through (4), each transferee has
agreed to be bound by the terms of this Agreement.

 

(f)            In
addition, after the Closing Date, if there is a Change of Control, then upon the consummation of such Change of Control, all Lock-up Shares
shall be released from the restrictions contained herein. A “Change of Control” means: (a) the sale of all or
substantially all of the consolidated assets of Company and Company subsidiaries to a third-party purchaser; (b) a sale resulting
in no less than a majority of the voting power of the Company being held by person that did not own a majority of the voting power prior
to such sale; or (c) a merger, consolidation, recapitalization or reorganization of Company with or into a third-party purchaser
that results in the inability of the pre-transaction equity holders to designate or elect a majority of the Board of Directors (or its
equivalent) of the resulting entity or its parent company.

 

2.            Representations
and Warranties.

 

(a)            Each
of the parties hereto, (A) if such party a natural person, is of legal age to execute this Agreement and is legally competent to
do so; and (B) if such party is not a natural person, by their respective execution and delivery of this Agreement, hereby represents
and warrants to the others and to all third party beneficiaries of this Agreement that (i) such party has been duly organized and
is validly existing and in good standing under the Laws of the State of Delaware or other state of its formation; (ii) such party
has the full right, capacity and authority to enter into, deliver and perform its respective obligations under this Agreement, (iii) such
party is duly qualified or licensed and in good standing to do business in each jurisdiction in which the character of the property owned,
leased or operated by it or the nature of the business conducted by it makes such qualification or licensing necessary; (iv) this
Agreement has been duly executed and delivered by such party and is the binding and enforceable obligation of such party, enforceable
against such party in accordance with the terms of this Agreement, and (v) the execution, delivery and performance of such party’s
obligations under this Agreement will not conflict with or breach the terms of any other agreement, contract, commitment or understanding
to which such party is a party or to which the assets or securities of such party are bound.

 

     

     

    

 

(b)            Each
Holder hereby represents and warrants severally but not jointly that no consent of or with any Governmental Authority on the part of such
Holder is required to be obtained or made in connection with the execution, delivery or performance by such Holder of this Agreement or
the consummation by such Holder of the transactions contemplated hereby, other than (i) applicable requirements, if any, of the Exchange
Act, and/ or any state “blue sky” securities Laws, and the rules and regulations thereunder and (ii) where the failure
to obtain or make such consents or to make such filings or notifications has not had, and would not reasonably be expected to have, individually
or in the aggregate, a material adverse effect on the ability of such Holder to enter into and perform this Agreement and to consummate
the transactions contemplated hereby.

 

(c)            Each
Holder hereby represents and warrants severally but not jointly that the execution and delivery of this Agreement, the consummation of
the transactions contemplated hereby and compliance with any of the provisions hereof by such Holder will not (i) conflict with or
violate any provision of the certificate of incorporation or formation, bylaws, limited liability company agreement, partnership agreement
or similar organizational documents of such Holder, if and as applicable, (ii) conflict with or violate any Law, Governmental Order
or required consent or approval applicable to such Holder or any of its properties or assets, or (iii) (1) violate, conflict
with or result in a breach of, (2) constitute a default (or an event which, with notice or lapse of time or both, would constitute
a default) under, (3) result in the termination, withdrawal, suspension, cancellation or modification of, (4) accelerate the
performance required by such Holder under, (5) result in a right of termination or acceleration under, (6) give rise to any
obligation to make payments or provide compensation under, (7) result in the creation of any Lien (other than Permitted Lien) upon
any of the properties or assets of such Holder under, (8) give rise to any obligation to obtain any third party consent or approval
from any Person or (9) give any Person the right to declare a default, exercise any remedy, accelerate the maturity or performance,
cancel, terminate or modify any right, benefit, obligation or other term under, any of the terms, conditions or provisions of, any material
Contract of such Holder, except for any deviations from any of the foregoing clauses (ii) or (iii) that has not had, and would
not reasonably be expected to have, individually or in the aggregate, a material adverse effect on the ability of such Holder to enter
into and perform this Agreement and to consummate the transactions contemplated hereby.

 

3.            Beneficial
Ownership. Each Holder hereby represents and warrants that it does not beneficially own, directly or through its nominees (as determined
in accordance with Section 13(d) of the Exchange Act, and the rules and regulations promulgated thereunder), any SPAC
Shares, or any economic interest in or derivative of such stock, other than those SPAC Shares set forth opposite such Holder’s
name on Schedule A hereto. For purposes of this Agreement, the SPAC Shares beneficially owned by the Holder as set forth opposite
such Holder’s name on Schedule A hereto, and the shares of Company such SPAC Shares will be converted into or exchanged
for in connection with the Transaction, are collectively referred to as the “Lock-up Shares.”

 

4.            No
Additional Fees/Payment. The parties hereto agree that no fee, payment or additional consideration in any form has
been or will be paid to the Holders in connection with this Agreement.

 

5.            Notices.
All notices and other communications hereunder shall be in writing and shall be deemed given if delivered personally or sent by overnight
courier (providing proof of delivery) to the Company and SPAC in accordance with Section 11.1 of the Merger Agreement and to such
Holder at its address set forth set forth on Schedule A hereto (or at such other address for a party as shall be specified by like
notice).

 

     

     

    

 

6.            Disclosure.
Each of the Holders hereby authorizes SPAC and the Company to publish and disclose in any announcement or disclosure required by the SEC,
the Listing Rules and/or by the SFO, the Holder’s identity and ownership of the relevant SPAC Shares and the nature of the
Holder’s obligations under this Agreement; provided, that prior to any such publication or disclosure SPAC and the Company shall
provide such Holder with an opportunity to review and comment on such announcement or disclosure, which comments SPAC and the Company
will consider in good faith.

 

7.            Governing
Law. This Agreement and all Actions (whether in contract, tort or otherwise) that may be based upon, arise out of or relate to this
Agreement or the negotiation, execution or performance hereof (including any claim or cause of action based upon, arising out of or related
to any representation or warranty made in or in connection with this Agreement or as an inducement to enter into this Agreement) shall
be governed by, construed and enforced in accordance with the Laws (both substantive and procedural) of the State of New York applicable
to contracts made and to be performed in that State, without regard to the conflict of laws principles thereof that would apply the laws
of any other jurisdiction.

 

8.            Amendments
and Waivers. This Agreement (a) cannot be amended or modified except by a writing signed by each of the parties hereto; and (b) cannot
be terminated orally or by course of conduct. No provision hereof can be waived, except by a writing signed by the party against whom
such waiver is to be enforced, and any such waiver shall apply only in the particular instance in which such waiver shall have been given.

 

9.            Miscellaneous.
The provisions of Sections 9.2 and 9.3, Sections 11.3 to 11.6 and Sections 11.8 to 11.14 of the Merger Agreement are incorporated herein
by reference, mutatis mutandis, as if set forth in full herein.

 

[Signature Page Follows]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have caused this Lock-up Agreement to be duly executed by their respective authorized signatories as of the date first indicated
above.

 

	 	HYPEBEAST LIMITED
	 	 
	 	By:	/s/Kevin Ma 
	 	 	Name: Kevin Ma
	 	 	Title: Authorized Signatory 

 

     

     

    

 

IN WITNESS WHEREOF, the parties hereto have caused
this Lock-up Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

 

	 	IRON SPARK I LLC
	 	 
	 	By:	 /s/ Joshua L. Spear
	 	 	Name: Joshua L. Spear
	 	 	Title: Managing Member

 

     

     

    

 

IN WITNESS WHEREOF, the parties hereto have caused
this Lock-up Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

 

	 	AMY BUTTE
	 	 
	 	/s/
Amy Butte

 

     

     

    

 

IN WITNESS WHEREOF, the parties hereto have caused
this Lock-up Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

 

	 	JOSHUA L. SPEAR
	 	 
	 	/s/ Joshua L. Spear

 

    

     

    

 

IN WITNESS WHEREOF, the parties hereto have caused
this Lock-up Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

 

	 	ALEXANDER P. OXMAN
	 	 
	 	/s/ Alexander P. Oxman

 

    

     

    

 

IN WITNESS WHEREOF, the parties hereto have caused
this Lock-up Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

 

	 	RUMA BOSE
	 	 
	 	/s/
Ruma Bose

 

     

     

    

 

IN WITNESS WHEREOF, the parties hereto have caused
this Lock-up Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

 

	 	TREVOR A. EDWARDS
	 	 
	 	/s/
Trevor A. Edwards

 

     

     

    

 

IN WITNESS WHEREOF, the parties hereto have caused
this Lock-up Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

 

	 	JAY MARGOLIS
	 	 
	 	/s/
Jay Margolis

 

     

     

    

 

Schedule A

 

	Name of Holder	 	Class and Number of SPAC 

Shares
	Iron Spark I LLC	 	1,190,800 SPAC Class A Shares, 4,232,500 SPAC Class B Shares
	Amy Butte	 	20,000 SPAC Class B Shares
	Ruma Bose	 	20,000 SPAC Class B Shares
	Trevor A. Edwards	 	20,000 SPAC Class B Shares
	Jay Margolis	 	20,000 SPAC Class B Shares

 

Addresses
for Notice:

 

	Iron Spark I LLC	 
	
    125 N. Cache St.

    2nd Fl., Box 3789

    Jackson, WY 83001
	 
	Attn: 	 Joshua L. Spear 	 	 
	Email:	 josh@ironspark.com	 	 
	 	 

 

	Amy Butte	 
	
    Iron Spark I Inc.

    125 N. Cache St.

    2nd Fl., Box 3789

    Jackson, WY 83001
	 
	Email:	amy@ironspark.com	 
	 	 
	Ruma Bose	 
	
     Iron
    Spark I Inc.

    125 N. Cache St.

    2nd Fl., Box 3789

    Jackson, WY 83001
	 
	 	 
	Trevor A. Edwards	 
	
     Iron
    Spark I Inc.

    125 N. Cache St.

    2nd Fl., Box 3789

    Jackson, WY 83001
	 
	 	 
	Jay Margolis	 
	
     Iron
    Spark I Inc.

    125 N. Cache St.

    2nd Fl., Box 3789

    Jackson, WY 83001Exhibit 10.4 

 

COMPANY SHAREHOLDER SUPPORT AGREEMENT

 

THIS COMPANY SHAREHOLDER SUPPORT
AGREEMENT (this “Agreement”) is made and entered into as of April 3, 2022, by and among Hypebeast Limited, a
Cayman Islands exempted company (the “Company”), Iron Spark I Inc., a Delaware corporation (the “SPAC”)
and CORE Capital Group Limited, a private company incorporated in the British Virgin Islands (“CORE Capital”).

 

WHEREAS, the Company,
SPAC, Hypebeast WAGMI Inc., a Delaware corporation and wholly owned subsidiary of the Company (the “Merger Sub”)
are concurrently herewith entering into an Agreement and Plan of Merger (as the same may be amended, restated or supplemented, the “Merger
Agreement”; capitalized terms used but not defined herein shall have the meaning ascribed to such terms in the Merger Agreement)
pursuant to which, among other things, Merger Sub will be merged with and into the SPAC, with the SPAC being the surviving entity and
becoming a wholly owned subsidiary of the Company;

 

WHEREAS, CORE Capital,
being the controlling shareholder of the Company, is, as of the date of this Agreement, the sole legal and beneficial owner of that certain
Pre-Consolidation Shares as set forth opposite CORE Capital’s name on Schedule A hereto (such Pre-Consolidation Shares owned
by CORE Capital, together with any additional Pre-Consolidation Shares or other shares of the Company (including any securities convertible
into or exercisable for Pre-Consolidation Shares or other shares), whether by purchase, as a result of a share dividend, share split,
recapitalization, combination, reclassification, exchange or change of such shares, or upon the exercise or conversion of any securities,
acquired by CORE Capital after the date hereof and prior to the Termination Date being collectively referred to herein as the “Subject
Shares”); and

 

WHEREAS, as a condition
to their willingness to enter into the Merger Agreement, SPAC and the Company have requested that CORE Capital enter into this Agreement.

 

NOW, THEREFORE, in
consideration of the premises set forth above, which are incorporated in this Agreement as if fully set forth below, and the representations,
warranties, covenants and agreements contained in this Agreement and the Merger Agreement, and intending to be legally bound hereby, the
parties hereto agree as follows:

 

ARTICLE I

 

Representations and Warranties of CORE Capital

 

CORE Capital hereby represents
and warrants to the Company and the SPAC as follows:

 

1.1            Organization
and Standing; Authorization. CORE Capital has been duly organized and is validly existing and in good standing under the Laws of the
British Virgin Islands of its formation, (ii) has all requisite corporate or limited liability power and authority, as applicable,
to own, lease and operate its properties and to carry on its business as now being conducted, (iii) has all requisite power and authority
to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby and
(iv) is duly qualified or licensed and in good standing to do business in each jurisdiction in which the character of the property
owned, leased or operated by it or the nature of the business conducted by it makes such qualification or licensing necessary. The execution
and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized and
no other corporate proceedings on the part of CORE Capital are necessary to authorize the execution and delivery of this Agreement or
to consummate the transactions contemplated hereby.

 

     

     

    

 

 

1.2            Binding
Agreement. This Agreement has been or shall be when delivered, duly and validly executed and delivered by CORE Capital and, assuming
the due authorization, execution and delivery of this Agreement by the other parties hereto, constitutes, or when delivered shall constitute,
the valid and binding obligation of CORE Capital, enforceable against CORE Capital in accordance with its terms, subject to applicable
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or similar Laws affecting creditor’s rights generally
and to general principles of equity (collectively, the “Enforceability Exceptions”).

 

1.3            Governmental
Approvals. No Consent of or with any Governmental Authority on the part of CORE Capital is required to be obtained or made in connection
with the execution, delivery or performance by CORE Capital of this Agreement or the consummation by CORE Capital of the transactions
contemplated hereby, other than (a) applicable requirements, if any, of the Securities Act, the Exchange Act, and/ or any state “blue
sky” securities Laws, and the rules and regulations thereunder and (b) where the failure to obtain or make such Consents
or to make such filings or notifications has not had, and would not reasonably be expected to have, individually or in the aggregate,
a material adverse effect on the ability of CORE Capital to enter into and perform this Agreement and to consummate the transactions contemplated
hereby.

 

1.4            Non-Contravention.
The execution and delivery of this Agreement, the consummation of the transactions contemplated hereby and compliance with any of the
provisions hereof by CORE Capital will not (a) conflict with or violate any provision of the certificate of incorporation or formation,
bylaws, limited liability company agreement, partnership agreement or similar organizational documents of CORE Capital, if and as applicable
(collectively, the “Organizational Documents”), (b) conflict with or violate any Law, Governmental Order
or required consent or approval applicable to CORE Capital or any of its properties or assets, or (c) (i) violate, conflict
with or result in a breach of, (ii) constitute a default (or an event which, with notice or lapse of time or both, would constitute
a default) under, (iii) result in the termination, withdrawal, suspension, cancellation or modification of, (iv) accelerate
the performance required by CORE Capital under, (v) result in a right of termination or acceleration under, (vi) give rise to
any obligation to make payments or provide compensation under, (vii) result in the creation of any Lien (other than Permitted Lien)
upon any of the properties or assets of CORE Capital under, (viii) give rise to any obligation to obtain any third party consent
or approval from any Person or (ix) give any Person the right to declare a default, exercise any remedy, accelerate the maturity
or performance, cancel, terminate or modify any right, benefit, obligation or other term under, any of the terms, conditions or provisions
of, any material Contract of CORE Capital, except for any deviations from any of the foregoing clauses (b) or (c) that has not
had, and would not reasonably be expected to have, individually or in the aggregate, a material adverse effect on the ability of CORE
Capital to enter into and perform this Agreement and to consummate the transactions contemplated hereby.

 

1.5            Subject
Shares. As of the date of this Agreement, CORE Capital has beneficial ownership of the Subject Shares set forth opposite CORE Capital’s
name on Schedule A hereto, and all such Subject Shares are owned by CORE Capital free and clear of all Liens, other than liens
or encumbrances pursuant to this Agreement, the Organizational Documents of the Company or applicable federal or state securities laws.
Other than the Subject Shares, CORE Capital does not legally own any Pre-Consolidation Shares or any other shares or securities of the
Company that are convertible into or exercisable for Pre-Consolidation Shares or other shares. CORE Capital has the sole right to vote
the Subject Shares, and none of the Subject Shares is subject to any voting trust or other agreement, arrangement or restriction with
respect to the voting of the Subject Shares, except as contemplated by this Agreement or the Organizational Documents of the Company.

  

1.6            Merger
Agreement. CORE Capital understands and acknowledges that SPAC and the Company are entering into the Merger Agreement in reliance
upon CORE Capital’s execution and delivery of this Agreement. CORE Capital has received a copy of the Merger Agreement and is familiar
with the provisions of the Merger Agreement.

 

    2

     

    

 

ARTICLE II

 

Representations and Warranties of SPAC

 

SPAC hereby represents and
warrants to CORE Capital and the Company as follows:

 

2.1            Organization
and Standing. SPAC is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of Delaware.
SPAC has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now being
conducted. SPAC is duly qualified or licensed and in good standing to do business in each jurisdiction in which the character of the property
owned, leased or operated by it or the nature of the business conducted by it makes such qualification or licensing necessary.

 

2.2            Authorization;
Binding Agreement. SPAC has all requisite corporate power and authority to execute and deliver this Agreement, to perform its obligations
hereunder and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of
the transactions contemplated hereby have been duly and validly authorized by the board of directors of SPAC and no other corporate proceedings
on the part of SPAC are necessary to authorize the execution and delivery of this Agreement or to consummate the transactions contemplated
hereby. This Agreement has been or shall be when delivered, duly and validly executed and delivered by SPAC and, assuming the due authorization,
execution and delivery of this Agreement by the other parties hereto, constitutes, or when delivered shall constitute, the valid and binding
obligation of SPAC, subject to the Enforceability Exceptions.

 

2.3            Governmental
Approvals. No Consent of or with any Governmental Authority on the part of SPAC is required to be obtained or made in connection with
the execution, delivery or performance of this Agreement or the consummation by SPAC of the transactions contemplated hereby, other than
(a) applicable requirements, if any, of the Securities Act, the Exchange Act, and/ or any state “blue sky” securities
Laws, and the rules and regulations thereunder and (b) where the failure to obtain or make such Consents or to make such filings
or notifications has not had, and would not reasonably be expected to have, individually or in the aggregate, a material adverse effect
on the ability of SPAC to enter into and perform this Agreement and to consummate the transactions contemplated hereby.

 

    3

     

    

 

2.4            Non-Contravention.
The execution and delivery of this Agreement, the consummation of the transactions contemplated hereby and compliance with any of the
provisions hereof by SPAC will not (a) conflict with or violate any provision of Organizational Documents of SPAC, (b) conflict
with or violate any Law, Governmental Order or required consent or approval applicable to SPAC or any of its properties or assets, or
(c) (i) violate, conflict with or result in a breach of, (ii) constitute a default (or an event which, with notice or lapse
of time or both, would constitute a default) under, (iii) result in the termination, withdrawal, suspension, cancellation or modification
of, (iv) accelerate the performance required by SPAC under, (v) result in a right of termination or acceleration under, (vi) give
rise to any obligation to make payments or provide compensation under, (vii) result in the creation of any Lien (other than Permitted
Lien) upon any of the properties or assets of SPAC under, (viii) give rise to any obligation to obtain any third party consent or
approval from any Person or (ix) give any Person the right to declare a default, exercise any remedy, accelerate the maturity or
performance, cancel, terminate or modify any right, benefit, obligation or other term under, any of the terms, conditions or provisions
of, any material Contract of SPAC, except for any deviations from any of the foregoing clauses (b) or (c) that has not had,
and would not reasonably be expected to have, individually or in the aggregate, a material adverse effect on the ability of SPAC to enter
into and perform this Agreement and to consummate the transactions contemplated hereby.

  

ARTICLE III

 

Representations and Warranties of the Company

 

The Company hereby represents
and warrants to CORE Capital and SPAC as follows:

 

3.1            Organization
and Standing. The Company is an exempted company duly incorporated, validly existing and in good standing under the laws of the Cayman
Island. The Company has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business
as now being conducted. The Company is duly qualified or licensed and in good standing to do business in each jurisdiction in which the
character of the property owned, leased or operated by it or the nature of the business conducted by it makes such qualification or licensing
necessary.

 

3.2            Authorization;
Binding Agreement. The Company has all requisite corporate power and authority to execute and deliver this Agreement, to perform its
obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation
of the transactions contemplated hereby have been duly and validly authorized by the board of directors and shareholders of the Company
and no other corporate proceedings on the part of the Company are necessary to authorize the execution and delivery of this Agreement
or to consummate the transactions contemplated hereby. This Agreement has been or shall be when delivered, duly and validly executed and
delivered by the Company and, assuming the due authorization, execution and delivery of this Agreement by the other parties hereto, constitutes,
or when delivered shall constitute, the valid and binding obligation of the Company, enforceable against the Company in accordance with
its terms, subject to the Enforceability Exceptions.

 

    4

     

    

 

3.3            Governmental
Approvals. No Consent of or with any Governmental Authority on the part of the Company is required to be obtained or made in connection
with the execution, delivery or performance by the Company of this Agreement or the consummation by the Company of the transactions contemplated
hereby, other than (a) applicable requirements, if any, of the Securities Act, the Exchange Act, any state “blue sky”
securities Laws, the Listing Rules and/or the SFO, and the rules and regulations thereunder and (b) where the failure to
obtain or make such Consents or to make such filings or notifications has not had, and would not reasonably be expected to have, individually
or in the aggregate, a material adverse effect on the ability of the Company to enter into and perform this Agreement and to consummate
the transactions contemplated hereby.

  

3.4            Non-Contravention.
The execution and delivery of this Agreement, the consummation of the transactions contemplated hereby and compliance with any of the
provisions hereof by the Company will not (a) conflict with or violate any provision of Organizational Documents of the Company,
(b) conflict with or violate any Law, Order or required consent or approval applicable to the Company or any of its properties or
assets, or (c) (i) violate, conflict with or result in a breach of, (ii) constitute a default (or an event which, with
notice or lapse of time or both, would constitute a default) under, (iii) result in the termination, withdrawal, suspension, cancellation
or modification of, (iv) accelerate the performance required by the Company under, (v) result in a right of termination or acceleration
under, (vi) give rise to any obligation to make payments or provide compensation under, (vii) result in the creation of any
Lien (other than Permitted Lien) upon any of the properties or assets of the Company under, (viii) give rise to any obligation to
obtain any third party consent or approval from any Person or (ix) give any Person the right to declare a default, exercise any remedy,
accelerate the maturity or performance, cancel, terminate or modify any right, benefit, obligation or other term under, any of the terms,
conditions or provisions of, any material Contract of the Company, except for any deviations from any of the foregoing clauses (b) or
(c) that has not had, and would not reasonably be expected to have, individually or in the aggregate, a material adverse effect on
the ability of the Company to enter into and perform this Agreement and to consummate the transactions contemplated hereby.

 

ARTICLE IV

 

Agreement to Vote; Certain Other Covenants of
CORE Capital

 

CORE Capital covenants and
agrees with SPAC and the Company during the term of this Agreement as follows:

 

4.1            Agreement
to Vote.

 

(a)            In
Favor of Merger and the Transaction Proposal. At any meeting of the shareholders of the Company or any class of shareholders of the
Company called to seek the Required Company Shareholder Approval, or at any adjournment thereof, or in connection with any written consent
of the shareholders of the Company or any class of shareholders of the Company or in any other circumstances upon which a vote, consent
or other approval with respect to the Merger Agreement, any other Additional Agreements, the Merger, the other Transaction Proposals or
any other Transactions is sought, CORE Capital shall (i), if a meeting is held, appear at such meeting or otherwise cause the Subject
Shares to be counted as present at such meeting for purposes of establishing a quorum, and (ii) vote or cause to be voted (including
by class vote and/or written consent, if applicable) the Subject Shares in favor of granting the Required Company Shareholder Approval
or, if there are insufficient votes in favor of granting the Required Company Shareholder Approval, in favor of the adjournment of such
meeting of the shareholders of the Company to a later date.

 

    5

     

    

  

(b)            Against
Other Transactions. At any meeting of shareholders of the Company or at any adjournment thereof, or in connection with any written
consent of the shareholders of the Company or in any other circumstances upon which CORE Capital’s vote, consent or other approval
is sought, CORE Capital shall (A) if a meeting is held, appear at such meeting in person or by proxy or otherwise cause the Subject
Shares to be counted as present at such meeting for purposes of establishing a quorum; and (B) vote (or cause to be voted) the Subject
Shares (including by withholding class vote and/or written consent, if applicable) against (i) any Company Acquisition Transaction
(other than the Merger Agreement and the Merger), dissolution, liquidation or winding up of or by the Company or any public offering of
any shares of any of its material Subsidiaries, or, in case of a public offering only, a newly-formed holding company of the Company or
such material Subsidiaries, other than in connection with the Transactions, (ii) any Alternative Transaction relating to the Company,
and (iii) other than any amendment to Organizational Documents of the Company expressly permitted under the terms of the Merger Agreement,
any amendment of Organizational Documents of the Company or other proposal or transaction involving the Company or any of its Subsidiaries,
which, in each of cases (i) and (iii) of this sentence, would be reasonably likely to in any material respect impede, interfere
with, delay or attempt to discourage, frustrate the purposes of, result in a breach by the Company of, prevent or nullify any provision
of the Merger Agreement or any other Additional Agreement, the Merger, or any other Transaction or change in any manner the voting rights
of any class of the Company’s share capital.

 

(c)            Revoke
Other Proxies. CORE Capital represents and warrants that any proxies heretofore given in respect of the Subject Shares that may still
be in effect are not irrevocable, and such proxies have been or are hereby revoked, other than the voting and other arrangements under
the Organizational Documents of the Company.

 

4.2            No
Transfer. Other than (x) pursuant to this Agreement, (y) upon the prior written consent of SPAC or (z) to an Affiliate
of CORE Capital (provided that such Affiliate shall enter into a written agreement, in form and substance reasonably satisfactory to SPAC
and the Company, agreeing to be bound by this Agreement to the same extent as CORE Capital was with respect to such transferred Subject
Shares), from the date of this Agreement until the date of termination of this Agreement, CORE Capital shall not, directly or indirectly,
(i) (a) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option, right or warrant to purchase
or otherwise transfer, dispose of or agree to transfer or dispose of, directly or indirectly, or establish or increase a put equivalent
position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Exchange Act, and the rules and
regulations of the Securities and Exchange Commission promulgated thereunder, any Subject Share, (b) enter into any swap or other
arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any Subject Shares, whether
any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) publicly announce any intention
to effect any transaction specified in clause (a) or (b) (the actions specified in clauses (a)-(c), collectively, “Transfer”),
other than pursuant to the Merger, (ii) grant any proxies or enter into any voting arrangement, whether by proxy, voting agreement,
voting trust, voting deed or otherwise (including pursuant to any loan of Subject Shares), or enter into any other agreement, with respect
to any Subject Shares, in each case, other than as set forth in this Agreement or the voting and other arrangements under the Organizational
Documents of the Company, (iii) take any action that would make any representation or warranty of CORE Capital herein untrue or incorrect,
or have the effect of preventing or disabling CORE Capital from performing its obligations hereunder, or (iv) commit or agree to
take any of the foregoing actions or take any other action or enter into any Contract that would reasonably be expected to make any of
its representations or warranties contained herein untrue or incorrect or would have the effect of preventing or delaying CORE Capital
from performing any of its obligations hereunder. Any action attempted to be taken in violation of the preceding sentence will be null
and void. CORE Capital authorizes and requests the Company or the SPAC to notify SPAC’s transfer agent that there is a stop transfer
order with respect to all of the Subject Shares (and that this Agreement places limits on the voting of the Subject Shares). CORE Capital
agrees with, and covenants to, SPAC and the Company that CORE Capital shall not request that Company register the Transfer (by book-entry
or otherwise) of any certificated or uncertificated interest representing any of the Subject Shares.

 

    6

     

    

 

4.3            No
Solicitation. Prior to the Termination Date, CORE Capital agrees not to, directly or indirectly, (i) solicit, initiate or knowingly
encourage or facilitate any inquiry, proposal, or offer which constitutes, or could reasonably be expected to lead to, an Alternative
Proposal in their capacity as such, (ii) participate in any discussions or negotiations regarding, or furnish or receive to or from
any Person (other than the SPAC, the SPAC’s Affiliates and their respective Representatives) any nonpublic information relating
to the Company or its Subsidiaries, in connection with any Alternative Proposal, (iii) approve or recommend, or make any public statement
approving or recommending an Alternative Proposal, (iv) enter into any letter of intent, merger agreement or similar agreement providing
for an Alternative Proposal, (v) make, or in any manner participate in a “solicitation” (as such term is used in the
rules of the SEC) of proxies or powers of attorney or similar rights to vote, or seek to advise or influence any Person with respect
to voting of the Company’s share capital intending to facilitate any Alternative Proposal or cause any holder of shares of Company’s
share capital not to vote to adopt the Merger Agreement and approve the Merger and the other Transactions, (vi) become a member of
a “group” (as such term is defined in Section 13(d) of the Exchange Act) with respect to any voting securities of
SPAC that takes any action in support of an Alternative Proposal or (vii) otherwise resolve or agree to do any of the foregoing.
CORE Capital shall promptly (and in any event within 48 hours) notify SPAC after receipt by CORE Capital of any Alternative Proposal,
any inquiry or proposal that would reasonably be expected to lead to an Alternative Proposal or any inquiry or request for nonpublic information
relating to the Company or its Subsidiaries by any Person who has made or would reasonably be expected to make an Alternative Proposal.
Thereafter, CORE Capital shall keep the Company reasonably informed, on a prompt basis (and in any event within 48 hours), regarding any
material changes in the status and material terms of any such proposal or offer. CORE Capital agrees that, following the date hereof,
it and its Representatives shall cease and cause to be terminated any existing activities, solicitations, discussions or negotiations
by CORE Capital or its Representatives with any parties conducted prior to the date hereof with respect to any Alternative Proposal. Notwithstanding
anything contained herein to the contrary, (i) CORE Capital shall not be responsible for the actions of the Company or its board
of directors (or any committee thereof), any Subsidiary of the Company, or any officers, directors (in their capacities as such), employees,
professional advisors of any of the foregoing (the “Company Related Parties”), including with respect to any
of the matters contemplated by this Section 4.3, (ii) CORE Capital makes no representations or warranties with respect
to the action of any of the Company Related Parties and (iii) any breach by the Company of its obligations under the Merger Agreement
shall not be considered a breach of this Section 4.3 (for the avoidance of doubt, it being understood the CORE Capital shall
remain responsible for any breach by it or its Representatives (other than any such Representative that is a Company Related Party) of
this Section 4.3.

 

    7

     

    

 

4.4            Support
of Merger. Prior to the Termination Date, CORE Capital shall use reasonable best efforts to take, or cause to be taken, all actions
and to do, or cause to be done, all things reasonably necessary to consummate the Merger and the other Transactions on the terms and subject
to the conditions applicable thereto and shall not take any action that would reasonably be expected to materially delay or prevent the
satisfaction of any of the conditions to the Merger and the Transactions set forth under the Merger Agreement.

 

4.5            New
Shares. In the event that prior to the Closing (i) any shares of the Company’s share capital or other securities of the
Company are issued or otherwise distributed to CORE Capital pursuant to any share dividend or distribution, or any change in any of the
Company’s share capital by reason of any share split-up, recapitalization, combination, exchange of shares or the like, (ii) CORE
Capital acquires legal or beneficial ownership of any Pre-Consolidation Shares after the date of this Agreement, including upon exercise
of options or settlement of restricted share units or (iii) CORE Capital acquires the right to vote or share in the voting of any
Company’s share capital after the date of this Agreement (collectively, the “New Securities”), for the
avoidance of doubt, the terms “Subject Shares” shall be deemed to refer to and include such New Securities (including all
such share dividends and distributions and any securities into which or for which any or all of the Subject Shares may be changed or exchanged
into).

 

ARTICLE V

 

Additional Agreements of the Parties

 

5.1            Termination.
This Agreement shall terminate upon the earliest of (i) the Effective Time (provided, however, that upon such termination,
Section 5.1, Section 5.2, and Article VI shall survive indefinitely) and (ii) the termination of the
Merger Agreement in accordance with its terms, and upon such termination, no party shall have any liability hereunder other than for its
willful and material breach of this Agreement prior to such termination; provided, however, that no party to this Agreement shall be relieved
from any liability to the other party hereto resulting from a Willful Breach of this Agreement.

 

5.2            Further
Assurances. CORE Capital shall, from time to time, (i) execute and deliver, or cause to be executed and delivered, such additional
or further consents, documents and other instruments as SPAC or the Company may reasonably request for the purpose of effectively carrying
out the transactions contemplated by this Agreement, the Merger Agreement and the other Additional Agreements and (ii) refrain from
exercising any veto right, consent right or similar right (whether under the Organizational Documents of the Company or the Listing Rules and/or
by the SFO) which would impede, disrupt, prevent or otherwise adversely affect the consummation of the Merger or any other Transaction.

 

    8

     

    

 

5.3            Confidentiality.
CORE Capital shall be bound by and comply with Section 11.4 (Publicity) of the Merger Agreement (and any relevant definitions
contained in any such sections) as if (a) CORE Capital was an original signatory to the Merger Agreement with respect to such provisions,
and (b) each reference to the “Company” contained in Section 11.4 of the Merger Agreement also referred to CORE
Capital.

 

ARTICLE VI

 

General Provisions

 

6.1            Notice.
All notices and other communications hereunder shall be in writing and shall be deemed given if delivered personally or sent by overnight
courier (providing proof of delivery) to the Company and SPAC in accordance with Section 11.1 of the Merger Agreement and to CORE
Capital at its address set forth set forth on Schedule A hereto (or at such other address for a party as shall be specified by
like notice).

 

6.2            Disclosure.
CORE Capital hereby authorizes SPAC and the Company to publish and disclose in any announcement, circular or disclosure required by the
SEC, the HKSE, the Listing Rules and/or by the SFO, CORE Capital’s identity and ownership of the Subject Shares and the nature
of CORE Capital’s obligations under this Agreement; provided, that prior to any such publication or disclosure SPAC and the Company
shall provide CORE Capital with an opportunity to review and comment on such announcement or disclosure, which comments SPAC and the Company
will consider in good faith.

 

6.3            Governing
Law. This Agreement and all Actions (whether in contract, tort or otherwise) that may be based upon, arise out of or relate to this
Agreement or the negotiation, execution or performance hereof (including any claim or cause of action based upon, arising out of or related
to any representation or warranty made in or in connection with this Agreement or as an inducement to enter into this Agreement) shall
be governed by, construed and enforced in accordance with the Laws (both substantive and procedural) of the State of New York applicable
to contracts made and to be performed in that State, without regard to the conflict of laws principles thereof that would apply the laws
of any other jurisdiction.

 

6.4            Amendments
and Waivers. This Agreement (a) cannot be amended or modified except by a writing signed by each of the parties hereto; and (b) cannot
be terminated orally or by course of conduct. No provision hereof can be waived, except by a writing signed by the party against whom
such waiver is to be enforced, and any such waiver shall apply only in the particular instance in which such waiver shall have been given.

 

6.5            Miscellaneous.
The provisions of Sections 9.2 and 9.3, Sections 11.3 to 11.6 and Sections 11.8 to 11.14 of the Merger Agreement are incorporated herein
by reference, mutatis mutandis, as if set forth in full herein.

 

[Signature pages follow]

 

    9

     

    

  

IN WITNESS WHEREOF, each party
has duly executed this Agreement, all as of the date first written above.

 

	 	IRON SPARK I INC.
	 	 
	 	Signature:	/s/ Joshua L. Spear
	 	Name:	Joshua L. Spear
	 	Title:	Chief Executive Officer and Director

 

[Signature Page to
Company Shareholder Support Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, each party
has duly executed this Agreement, all as of the date first written above.

 

	 	HYPEBEAST LIMITED
	 	 
	 	Signature:	/s/ Kevin Ma
	 	Name:	Kevin Ma
	 	Title:	Authorized Signatory

  

[Signature Page to
Company Shareholder Support Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, each party
has duly executed this Agreement, all as of the date first written above.

  

	 	CORE CAPITAL GROUP LIMITED
	 	 
	 	Signature:	Kevin Ma
	 	Name:	Kevin Ma
	 	Title:	Authorized Signatory

 

[Signature Page to
Company Shareholder Support Agreement]

 

     

     

    

 

 

Schedule A

 

	Company Shareholder	 	Number of
    Pre-Consolidation Shares	 
	CORE Capital Group Limited	 	 	1,485,000,000	 

 

Addresses for Notice:

 

CORE Capital Group Limited

c/o 40/F, Cable TV Tower,

No.9 Hoi Shing Road, Tsuen Wan, New Territories, Hong Kong

Attn: Irene Cheung

Email: irene.cheung@hypebeast.com

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00343-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00343-of-00352.parquet"}]]