Document:

Exhibit 10.2

 

BACKSTOP AGREEMENT

 

This Backstop Agreement (this
“Agreement”) is entered into as of January 25, 2022, by and among, Sports Ventures Acquisition Corp., a Cayman Islands
exempted company (“Svac”), AKICV LLC, a Delaware limited liability company (the “Purchaser”) and
Prime Focus World N.V., a Dutch corporation (“PFW”). Capitalized terms used but not defined in this Agreement shall
have the meaning ascribed to such terms in that certain Business Combination Agreement, dated as of the date hereof, by and among PF Overseas
Limited, a limited company incorporated in Mauritius (“PF Overseas”), Prime Focus 3D Cooperatief U.A., a Dutch cooperative
association (“Dutch Co-op” and, together with PFW and PF Overseas, the “PF Parties”), Svac, Purchaser
and the other parties named therein (as amended, modified, supplemented or waived from time to time in accordance with its terms, the
“BCA”).

  

WHEREAS, in connection with
the entry into the BCA, the Purchaser, a sister entity formed by the existing members of AKICV LLC has agreed to subscribe for shares
of Svac Class A Ordinary Shares, par value $0.0001 per share, (the “Svac Shares”) as set forth in detail herein below if the
total amount of the Available Svac Cash (as defined in the BCA) at 12:01 a.m. Pacific Time on the Closing Date (the “Calculation
Time”) is less than $350,000,000 (the “Minimum Cash Shortfall”); and

 

WHEREAS, the Purchaser is
now entering into this Agreement with Svac whereby at the Closing under the BCA, the Purchaser will acquire, and Svac will issue and sell
to the Purchaser, solely to the extent necessary to cause the Minimum Cash Condition pursuant to Section 8.03(e) of the BCA to be satisfied,
Svac Shares in an amount determined pursuant to Section 2(a) hereof and subject to the limitations set forth herein (the “Backstop
Purchase Shares”).

 

NOW, THEREFORE, in consideration
of the premises, representations, warranties and the mutual covenants contained in this Agreement, and for other good and valuable consideration,
the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

 

 1. Backstop Limit; Backstop Notice.

 

(a) Backstop
Limit. Notwithstanding anything to the contrary in this Agreement, the Purchaser shall never be required to purchase the
Backstop Purchase Shares for an aggregate amount greater than an amount equal to (x) Three Hundred Fifty Million dollars
($350,000,000) minus (y) the total amount committed as set forth on Schedule I hereto, as such schedule may be amended
to reflect any commitments received from additional investments subsequent to the date hereof (such amount, the “Backstop
Limit”).

 

(b)
Backstop Notice. On the Closing Date, as soon as practicable following the Calculation Time, Svac shall deliver a written
notice (the “Backstop Notice”) to the Purchaser, with copies to PFW and its counsel at the instructions set forth in
Section 9(a), setting forth:

 

(i)
the amount of the Available Svac Cash and, if any, of the Minimum Cash Shortfall, including the following information:

 

(A)
the balance remaining in the Svac Trust Account as of the Calculation Time, giving effect to the redemptions of Svac Shares (and
which redemptions were not subsequently withdrawn) by the Svac shareholders at the Svac EGM;

 

(B)
the total amount of financing committed as set forth on Schedule I; and

 

(C)
the amount of all other Available Svac Cash pursuant to the BCA at the Calculation Time.

 

(ii)
the Backstop Subscription Share Amount as calculated in accordance with Section 2(a) (subject to the Backstop Limit), being
the total number of shares of Svac Shares (or successor security thereto) that the Purchaser is required to subscribe for pursuant to
this Agreement.

 

     

     

    

 

 2. Sale, Purchase and Issuance.

 

(a)
Backstop Purchase Shares.

 

(i) The
price per share of the Backstop Purchase Shares shall be $10.00 (the “BPS Per Share Price”).

 

(ii)
The “Backstop Subscription Share Amount” shall be equal to the quotient of (x) the Minimum Cash Shortfall divided
by (y) the BPS Per Share Price.

 

(iii)
Subject to the terms and conditions hereof, following delivery of the Backstop Notice by Svac to the Purchaser hereunder, Svac
shall issue and sell to the Purchaser, and the Purchaser shall purchase from Svac a number of Backstop Purchase Shares equal to the Backstop
Subscription Share Amount, subject to the Backstop Limit. The numbers of shares, per share amounts and purchase price of the Backstop
Purchase Shares and the BPS Purchase Price, as applicable, shall be appropriately adjusted (A) to reflect any stock split, stock dividend,
stock combination, recapitalization or the like occurring after the date hereof, but prior to the BPS Closing, or (B) to the then-current
market price per share if it is less than $10.00 per share.

 

(iv)
The delivery of the Backstop Notice hereunder shall serve as notice to the Purchaser that the Purchaser will be required to pay
the BPS Purchase Price, and acquire the Backstop Purchase Shares, at the BPS Closing.

 

(v)
The closing of the sale of the Backstop Purchase Shares (the “BPS Closing”) shall be held on the Closing Date.
At the BPS Closing, Svac will issue to the Purchaser the Backstop Purchase Shares, registered in the name of the Purchaser, against (and
concurrently with) the payment of the BPS Purchase Price to Svac by wire transfer of immediately available funds to the account designated
by Svac in the Backstop Notice.

 

(b)
Delivery of Backstop Purchase Shares.

 

(i)
Svac shall register the Purchaser as the owner of the Backstop Purchase Shares received by the Purchaser hereunder (individually
or collectively, the “Securities”) in the register of shareholders of Svac and with Svac’s transfer agent by
book entry on or promptly after (but in no event more than two (2) Business Days after) the date of the BPS Closing.

 

(ii)
In addition to any notation or legend required under any applicable agreement of Svac, each register and book entry for the Backstop
Purchase Shares received by the Purchaser hereunder shall contain a notation, and each certificate (if any) evidencing the Backstop Purchase
Shares shall be stamped or otherwise imprinted with a legend, in substantially the following form:

 

“THE SECURITIES REPRESENTED
HEREBY HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION,
AND MAY NOT BE TRANSFERRED IN VIOLATION OF SUCH ACT AND LAWS.”

 

(c)
Legend Removal. If the Backstop Purchase Shares are eligible to be sold without restriction under Rule 144 under the Securities
Act of 1933, as amended (the “Securities Act”), then at the Purchaser’s request, Svac will, at its sole expense,
cause Svac’s transfer agent to remove the legend set forth in Section 2(b)(ii) hereof. In connection therewith, if required
by Svac’s transfer agent, Svac will promptly cause an opinion of counsel to be delivered to and maintained with its transfer agent,
together with any other authorizations, certificates and directions required by the transfer agent, that authorize and direct the transfer
agent to transfer such Backstop Purchase Shares without any such legend; provided, however, that Svac will not be required
to deliver any such opinion, authorization or certificate or direction if it reasonably believes that removal of the legend could reasonably
be expected to result in or facilitate transfers of Backstop Purchase Shares in violation of applicable law; provided, further,
that nothing in this Section 2.2(c) will require Svac to take any action with respect to the removal of any notation or legend
required under any of Svac’s A&R Registration Rights Agreement or other applicable agreement of Svac.

 

    2

     

    

 

(d)
Registration Rights. The Purchaser shall have registration rights with respect to the Backstop Purchase Shares as referenced
in the A&R Registration Rights Agreement that will be entered into by and among Svac, the Purchaser and certain other parties thereto
in connection with the consummation of the Transactions (the “Registration Rights”).

 

 3. Representations and Warranties of the Purchaser. The Purchaser represents and warrants to Svac and PFW as follows, as of the date hereof and as of the BPS Closing:

 

(a)
Organization and Power. The Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction
of its formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

 

(b)
Authorization. The Purchaser has full power and authority to enter into this Agreement. This Agreement, when executed and
delivered by the Purchaser, will constitute the valid and legally binding obligation of the Purchaser, enforceable in accordance with
its terms, except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and any other
laws of general application affecting enforcement of creditors’ rights generally, (b) as limited by laws relating to the availability
of specific performance, injunctive relief or other equitable remedies, or (c) to the extent the indemnification provisions contained
in the Registration Rights may be limited by applicable federal or state securities laws.

 

(c)
Governmental Consents and Filings. No consent, approval, order or authorization of, or registration, qualification, designation,
declaration or filing with, any federal, state or local governmental authority is required on the part of the Purchaser in connection
with the consummation of the transactions contemplated by this Agreement.

 

(d)
Compliance with Other Instruments. The execution, delivery and performance by the Purchaser of this Agreement and the consummation
by the Purchaser of the transactions contemplated by this Agreement will not result in any violation or default (i) of any provisions
of its organizational documents, if applicable, (ii) of any instrument, judgment, order, writ or decree to which it is a party or by which
it is bound, (iii) under any note, indenture or mortgage to which it is a party or by which it is bound, (iv) under any lease, agreement,
contract or purchase order to which it is a party or by which it is bound or (v) of any provision of federal or state statute, rule or
regulation applicable to the Purchaser, in each case (other than clause (i)), which would have a material adverse effect on the Purchaser
or its ability to consummate the transactions contemplated by this Agreement.

 

(e)
Purchase Entirely for Own Account. This Agreement is made with the Purchaser in reliance upon the Purchaser’s representation
to Svac, which by the Purchaser’s execution of this Agreement, the Purchaser hereby confirms, that the Securities to be acquired
by the Purchaser will be acquired for investment for the Purchaser’s own account, not as a nominee or agent, and not with a view
to the resale or distribution of any part thereof, and that the Purchaser has no intention of selling, granting any participation in,
or otherwise distributing the same in violation of law. By executing this Agreement, the Purchaser further represents that the Purchaser
does not have any contract, undertaking, agreement or arrangement with any Person to sell, transfer or grant participations to such Person
or to any third Person, with respect to any of the Securities. If the Purchaser was formed for the specific purpose of acquiring the Securities,
each of its equity owners is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities Act. For
purposes of this Agreement, “Person” means an individual, a limited liability company, a partnership, a joint venture,
a corporation, a trust, an unincorporated organization, any other entity or any government or any department or agency thereof.

 

(f)
Disclosure of Information. The Purchaser has had an opportunity to discuss Svac’s existing and planned or expected
business, management, financial affairs and the terms and conditions of the sale of the Securities with Svac’s management.

 

    3

     

    

 

(g)
Restricted Securities. The Purchaser understands that the sale of the Securities to the Purchaser has not been, and will
not be, registered under the Securities Act, by reason of a specific exemption from the registration provisions of the Securities Act
which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of the Purchaser’s representations
as expressed herein. The Purchaser understands that the Securities are “restricted securities” under applicable U.S. federal
and state securities laws and that, pursuant to these laws, the Purchaser must hold the Securities indefinitely unless they are registered
with the SEC and qualified by state authorities, or an exemption from such registration and qualification requirements is available. The
Purchaser acknowledges that Svac has no obligation to register or qualify the Securities for resale, except pursuant to the Registration
Rights. The Purchaser further acknowledges that if an exemption from registration or qualification is available, it may be conditioned
on various requirements including, but not limited to, the time and manner of sale, the holding period for the Securities, and requirements
relating to Svac which are outside of the Purchaser’s control, and which Svac is under no obligation and may not be able to satisfy.
The Purchaser understands that Purchaser will not be able to rely on the protection of Section 11 of the Securities Act with respect to
such sale of the Securities.

 

(h)
High Degree of Risk. The Purchaser understands that its agreement to purchase the Securities involves a high degree of risk
which could cause the Purchaser to lose all or part of its investment.

 

(i)
Accredited Investor. The Purchaser is an “accredited investor” as defined in Rule 501(a) of Regulation D promulgated
under the Securities Act.

 

(j)
No General Solicitation. Neither the Purchaser, nor any of its officers, directors, employees, agents, stockholders or partners
has either directly or indirectly, including, through a broker or finder (i) to its knowledge, engaged in any general solicitation, or
(ii) published any advertisement in connection with the sale of the Securities.

 

(k)
Residence. The principal place of business of the Purchaser is the office located at the address of the Purchaser set forth
in Section 8(a) below.

 

(l)
Non-Public Information. The Purchaser acknowledges its obligations under applicable securities laws with respect to the
treatment of material non-public information relating to Svac.

 

(m)
No Conflicting Obligations. The Purchaser has no obligations, contingent or otherwise, which would reasonably be likely
to impair its ability to meet its obligations hereunder.

 

(n)
No Other Representations and Warranties; Non-Reliance. Except for the specific representations and warranties contained
in this Section 3 and in any certificate or agreement delivered pursuant hereto, none of the Purchaser nor any person acting on
behalf of the Purchaser nor any of the Purchaser’s affiliates (the “Purchaser Parties”) has made, makes or shall
be deemed to make any other express or implied representation or warranty with respect to the Purchaser and the sale and purchase of the
Securities, and the Purchaser Parties disclaim any such representation or warranty. Except for the specific representations and warranties
expressly made by Svac in Section 4 of this Agreement and in any certificate or agreement delivered pursuant hereto, the Purchaser
Parties specifically disclaim that they are relying upon any other representations or warranties that may have been made by Svac, any
person on behalf of Svac or any of Svac’s respective affiliates (collectively, the “Svac Parties”). Notwithstanding
anything to the contrary in this Agreement, nothing in this Section 3(n) shall limit any claim or cause of action (or recovery
in connection therewith) with respect to fraud.

 

 4. Representations and Warranties of Svac. Svac represents and warrants to the Purchaser and PFW as follows:

 

(a)
Incorporation and Corporate Power. Svac is an exempted company with limited liability duly incorporated under the Laws of
the Cayman Islands, with all corporate power and authority to own, lease and operate its properties and conduct its business as presently
conducted and to enter into, deliver and perform its obligations under this Agreement.

 

(b) Capitalization.
The authorized share capital of Svac consists, as of the date hereof, of 500,000,000 Svac Shares, 23,660,000 of which are issued and
outstanding and 50,000,000 Svac Class B Ordinary Shares, 5,750,000 of which are issued and outstanding, 5,000,000 Svac Ordinary
Preferred Shares, none of which are outstanding. All of the outstanding shares of Svac have been duly authorized, are fully paid and
nonassessable and were issued in compliance with all applicable laws. In addition, Svac has accepted Common Equity Subscription
Agreements executed by the Common Equity Investors, which have committed to purchase an additional 16,800,000 Svac Shares upon the
Closing, which shares, once issued will be fully paid and non-assessable.

 

    4

     

    

 

(c)
Authorization. All corporate action required to be taken by Svac’s Board of Directors and shareholders, as applicable,
in order to authorize Svac to enter into this Agreement and for Svac to issue the Backstop Purchase Shares at the BPS Closing has been
taken or will be taken prior to the BPS Closing, as applicable. All actions on the part of the shareholders, directors and officers of
Svac, as applicable, necessary for the execution and delivery of this Agreement, the performance of all obligations of Svac, as applicable,
under this Agreement to be performed as of the BPS Closing, and the issuance and delivery of the Backstop Purchase Shares and the securities
issuable upon conversion or exercise of the Backstop Purchase Shares have been taken or will be taken prior to the BPS Closing, as applicable.
This Agreement, when executed and delivered by Svac, shall constitute the valid and legally binding obligation of Svac, as applicable,
enforceable against Svac in accordance with its terms except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium,
fraudulent conveyance, or other laws of general application relating to or affecting the enforcement of creditors’ rights generally,
(ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies, or (iii)
to the extent the indemnification provisions contained in the Registration Rights may be limited by applicable national, U.S. federal
or state securities laws.

 

(d)
Valid Issuance of Backstop Purchase Shares.

 

(i)
The Backstop Purchase Shares, when issued, sold and delivered in accordance with the terms and for the consideration set forth
in this Agreement and registered in the register of members of Svac, will be validly issued, fully paid and nonassessable and free of
all preemptive or similar rights, liens, encumbrances and charges with respect to the issue thereof and restrictions on transfer other
than restrictions on transfer specified under this Agreement, applicable state and federal securities laws and liens or encumbrances created
by or imposed by the Purchaser. Assuming the accuracy of the representations of the Purchaser in this Agreement and subject to the filings
described in Section 4(e) below, the Backstop Purchase Shares will be issued in compliance with all applicable federal and state securities
laws.

 

(ii)
No “bad actor” disqualifying event described in Rule 506(d)(1)(i)-(viii) of the Securities Act (a “Disqualification
Event”) is applicable to Svac or, to Svac’s knowledge, any Svac Covered Person (as defined below), except for a Disqualification
Event as to which Rule 506(d)(2)(ii)–(iv) or (d)(3), is applicable. “Svac Covered Person” means, with respect
to Svac as an “issuer” for purposes of Rule 506 promulgated under the Securities Act, any Person listed in the first paragraph
of Rule 506(d)(1).

 

(e)
Governmental Consents and Filings. Assuming the accuracy of the representations and warranties made by the Purchaser in
this Agreement, no consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with,
any federal, state or local governmental authority is required on the part of Svac in connection with the consummation of the transactions
contemplated by this Agreement, except for any filings required pursuant to Regulation D of the Securities Act, applicable state securities
laws, and pursuant to the Registration Rights.

 

(f)
Compliance with Other Instruments. The execution, delivery and performance of this Agreement and the consummation of the
transactions contemplated by this Agreement by Svac will not result in any violation or default (i) with respect to Svac, of any provisions
of Svac’s Memorandum and Articles or its other governing documents (ii) of any instrument, judgment, order, writ or decree to which
Svac is a party or by which Svac is bound, (iii) under any note, indenture or mortgage to which Svac is a party or by which Svac is bound,
(iv) under any lease, agreement, contract or purchase order to which Svac is a party or by which Svac is bound or (v) of any provision
of national, U.S. federal or state statute, rule or regulation applicable to Svac, in each case (other than clause (i)) which would have
a material adverse effect on Svac or their respective abilities to consummate the transactions contemplated by this Agreement.

 

(g)
Limited Operations and Operating History. As of the date hereof, Svac has not conducted any operations other than organizational
activities.

 

(h)
Absence of Litigation. As of the date hereof, there is no action, suit, proceeding, inquiry or investigation before or by
any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of Svac, threatened against
or affecting Svac or any of its respective officers or directors, whether of a civil or criminal nature or otherwise, in their capacities
as such.

 

    5

     

    

 

(i)
No General Solicitation. Neither Svac nor any of its officers, directors, employees, agents or shareholders has either directly
or indirectly, including through a broker or finder, (i) engaged in any general solicitation, or (ii) published any advertisement in connection
with the sale of the Svac Shares or the Backstop Purchase Shares.

 

(j)
No Other Representations and Warranties; Non-Reliance. Except for the specific representations and warranties contained
in this Section 4 and in any certificate or agreement delivered pursuant hereto, Svac has not made, makes nor shall be deemed to
make any other express or implied representation or warranty with respect to Svac, as applicable, the sale and purchase of the Backstop
Purchase Shares, the Transactions, and Svac disclaims any such representation or warranty. Except for the specific representations and
warranties expressly made by the Purchaser in Section 3 of this Agreement and in any certificate or agreement delivered pursuant
hereto, Svac specifically disclaims that it is relying upon any other representations or warranties that may have been made by the Purchaser.
Notwithstanding anything to the contrary in this Agreement, nothing in this Section 4(j) shall limit any claim or cause of action
(or recovery in connection therewith) with respect to fraud.

 

 5. Representations and Warranties of PFW. PFW represents and warrants to Purchaser and Svac as follows, as of the date hereof and as of the BPS Closing.

 

(a)
Organization and Power. PFW is duly organized, validly existing, and in good standing under the laws of the jurisdiction
of its formation (if the concept of “good standing” is a recognized concept in such jurisdiction) and has all requisite power
and authority to carry on its business as presently conducted and as proposed to be conducted.

 

(b)
Authorization. PFW has full power and authority to enter into this Agreement. This Agreement, when executed and delivered
by the PFW, will constitute the valid and legally binding obligation of the PFW, enforceable in accordance with its terms, except (i)
as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and any other laws of general application
affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance,
injunctive relief or other equitable remedies, or (iii) to the extent the indemnification provisions contained in the Registration Rights
may be limited by applicable national, U.S. federal or state securities laws.

 

(c)
Governmental Consents and Filings. No consent, approval, order or authorization of, or registration, qualification, designation,
declaration or filing with, any national, U.S. federal, state or local governmental authority is required on the part of the Purchaser
in connection with the consummation of the transactions contemplated by this Agreement.

 

(d)
Compliance with Other Instruments. The execution, delivery and performance by PFW of this Agreement and the consummation
by PFW of the transactions contemplated by this Agreement will not result in any violation or default (i) of any provisions of its organizational
documents, if applicable, (ii) of any instrument, judgment, order, writ or decree to which it is a party or by which it is bound, (iii)
under any note, indenture or mortgage to which it is a party or by which it is bound, (iv) under any lease, agreement, contract or purchase
order to which it is a party or by which it is bound or (v) of any provision of national, U.S., federal or state statute, rule or regulation
applicable to PFW, in each case (other than clause (i)), which would have a material adverse effect on the Purchaser or its ability to
consummate the transactions contemplated by this Agreement.

 

(e)
Common Equity Subscription Agreements. As of the date of this Agreement, the Company has entered into the Common Equity
Subscription Agreements set forth on Schedule 1 hereto. To the knowledge of PFW, with respect to each Common Equity Investor party to
such Common Equity Subscription Agreement with such Common Equity Investor is in full force and effect and has not been withdrawn or terminated,
or otherwise amended or modified, in any respect, and no withdrawal, termination, amendment or modification is contemplated by PFW.

 

    6

     

    

 

 6. Additional Agreements, Acknowledgements and Waivers.

 

(a)
Trust Account. Notwithstanding anything to the contrary set forth herein, the Purchaser acknowledges that Svac has established
a trust account containing the proceeds of its initial public offering and from certain private placements (collectively, with interest
accrued from time to time thereon, the “Trust Account”). The Purchaser agrees that (i) it has no right, title, interest
or claim of any kind in or to any monies held in the Trust Account, and (ii) it shall have no right of set-off or any right, title, interest
or claim of any kind (“Claim”) to, or to any monies in, the Trust Account, in each case in connection with this Agreement,
and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it may have in connection with this Agreement;
provided, however, that nothing in this Section 6(a) shall be deemed to limit Purchaser’s right, title, interest
or claim to the Trust Account by virtue of such Purchaser’s record or beneficial ownership of securities of Svac, including, but
not limited to, any redemption right with respect to any such securities of Svac. In the event the Purchaser has any Claim against Svac,
the Purchaser shall pursue such Claim solely against Svac and its assets outside the Trust Account and not against the property or any
monies in the Trust Account. The Purchaser agrees and acknowledges that such waiver is material to this Agreement and has been specifically
relied upon by Svac to induce Svac to enter into this Agreement and the Purchaser further intends and understands such waiver to be valid,
binding and enforceable under applicable law. In the event the Purchaser, in connection with this Agreement, commences any action or proceeding
which seeks, in whole or in part, relief against the funds held in the Trust Account or distributions therefrom or any of Svac’s
shareholders, whether in the form of monetary damages or injunctive relief, Purchaser shall be obligated to pay to Svac all of its legal
fees and costs in connection with any such action in the event that Svac prevails in such action or proceeding.

 

(b)
No Short Sales. The Purchaser hereby agrees that neither it, nor any person or entity acting on its behalf or pursuant to
any understanding with it, will engage in any Short Sales with respect to securities of Svac prior to the Closing. For purposes of this
Section 6(b), “Short Sales” shall 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 (other than pledges in the ordinary course of business as part of prime brokerage arrangements),
forward sale contracts, options, puts, calls, swaps and similar arrangements (including on a total return basis), and sales and other
transactions through non-U.S. broker dealers or foreign regulated brokers.

 

(c)
Enforcement of Common Equity Subscription Agreements. From the date hereof, until the earlier of the BPS Closing
or the termination of this Agreement in accordance with its terms, the PF Parties shall use their reasonable best efforts to enforce the
terms of the Common Equity Subscription Agreement and to maintain them in full force and effect.

 

(d) Transaction Closing
Wavier. Notwithstanding any prior breach or non-performance of this Agreement by the Purchaser under this Agreement, upon the Closing
of the Transaction pursuant to the terms of the BCA, all obligation of the Purchaser and any breaches hereof by Purchaser will be deemed
to have been waived and there will be no further obligations or liabilities of either party.

 

 7. BPS Closing Conditions.

 

(a)
The obligation of the Purchaser to purchase the Backstop Purchase Shares at the BPS Closing under this Agreement shall be subject
to the fulfillment, at or prior to the BPS Closing of each of the following conditions, any of which, to the extent permitted by applicable
laws, may be waived by the Purchaser:

 

(i)
The Transactions shall be consummated substantially concurrently with, and immediately following, the purchase of the Backstop
Purchase Shares;

 

(ii)
The BPS Purchase Price shall not exceed the Backstop Limit; and

 

(iii)
There shall not be any applicable Law in effect that makes the consummation of the transactions contemplated hereby illegal or
any Governmental Order in effect preventing the consummation of the transactions contemplated hereby.

 

(b)
The obligation of Svac to sell the Backstop Purchase Shares at the BPS Closing under this Agreement shall be subject to the fulfillment,
at or prior to the BPS Closing of each of the following conditions, any of which, to the extent permitted by applicable laws, may be waived
by Svac:

 

(i)
The Transactions shall be consummated substantially concurrently with, and immediately following, the purchase of the Backstop
Purchase Shares;

 

    7

     

    

 

(ii)
The representations and warranties of the Purchaser set forth in Section 3 and of PFW in Section 5 of this Agreement
shall have been true and correct as of the date hereof and shall be true and correct as of the BPS Closing, as applicable, with the same
effect as though such representations and warranties had been made on and as of such date (other than any such representation or warranty
that is made by its terms as of a specified date, which shall be true and correct as of such specified date), except where the failure
to be so true and correct would not have a material adverse effect on the Purchaser or PFW or either of their ability to consummate the
transactions or to carry out the parties’ intent contemplated by this Agreement in furtherance of the Transactions;

 

(iii)
The Purchaser and PFW shall have performed, satisfied and complied in all material respects with the covenants, agreements and
conditions required by this Agreement to be performed, satisfied or complied with by the Purchaser or PFW, as applicable at or prior to
the BPS Closing; and

 

(iv)
There shall not be any applicable Law in effect that makes the consummation of the transactions contemplated hereby illegal or
any Governmental Order in effect preventing the consummation of the transactions contemplated hereby.

 

 8. Termination. This Agreement may be terminated at any time prior to the BPS Closing:

 

(a)
by written consent of each of Svac, Purchaser and the PF Parties; or

 

(b)
automatically:

 

(i)
upon the consummation of the Company Exchange (whether or not a Backstop Notice has been delivered and Backstop Purchase Shares
have been delivered hereunder); provided, however, that, except as otherwise provided in clause (c), in no event
shall such termination resulting from the consummation of the Company Exchanging result in either (1) any opportunity for a party to this
Agreement to rescind the termination hereof even upon any recission of a Subscription Agreement by any Common Equity Investor(s) or of
the Company Exchange itself, or (2) the rescission of any transactions for the purchase of the Backstop Purchase Shares consummated hereunder;
or

 

(ii)
upon the termination of the BCA, as provided under the terms therein.

 

(c)
In the event of any termination of this Agreement pursuant to this Section 8, the BPS Purchase Price, if previously paid, and all
Purchaser’s funds paid in connection herewith shall be promptly returned to the Purchaser in accordance with written instructions
provided by the Purchaser to Svac, and thereafter this Agreement shall forthwith become null and void and have no effect, without any
liability on the part of the Purchaser, PFW, or Svac and their respective directors, officers, employees, partners, managers, members,
or shareholders and all rights and obligations of each party shall cease; provided, however, that nothing contained in this Section 8
shall relieve any party from liabilities or damages arising out of any fraud or willful breach by such party of any of its representations,
warranties, covenants or agreements contained in this Agreement. Section 6(a), this Section 8, and Section 9 shall survive termination
of this Agreement.

 

    8

     

    

 

 9. General Provisions.

 

(a)
Notices. Any notice or communication required or permitted hereunder shall be in writing and either delivered personally,
emailed or sent by overnight mail via a reputable overnight carrier, or sent by certified or registered mail, postage prepaid, and shall
be deemed to be given and received (i) when so delivered personally, (ii) when sent, with no mail undeliverable or other rejection notice,
if sent by email, or (iii) three (3) Business Days after the date of mailing to the address below or to such other address or addresses
as such person may hereafter designate by notice given hereunder:

 

(i)
If to the Purchaser, to:

 

AKICV LLC

9705 Collins Ave 1901

Bal Harbour, FL 33154

Attention: Alan Kestenbaum, CEO

Email: AK@bi15.com

 

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

 

Arent Fox LLP

800 Boylston Street, 32nd Floor,

Boston, MA 02199

Attention: Tal M. Unrad; Michael Andresino

Email: tal.unrad@arentfox.com; michael.andresino@arentfox.com

 

(ii)
If to the Svac, to:

 

Sports Ventures Acquisition Corp.

9705 Collins Ave 1901

Bal Harbour, FL 33154

Attention: Alan Kestenbaum, CEO

Email: AK@bi15.com

 

with copies (which shall not constitute notice) to:

 

Arent Fox LLP

800 Boylston Street, 32nd Floor,

Boston, MA 02199

Attention: Tal M. Unrad; Michael Andresino

Email: tal.unrad@arentfox.com; michael.andresino@arentfox.com

 

Prime Focus World N.V

160 Great Portland St. Fitzrovia

London. W1W 5QA

Attention: General Counsel

Email: cpfl@dneg.com

 

Latham & Watkins LLP

10250 Constellation Blvd., Suite 1100

Los Angeles, CA 90067

Attn: Steven B. Stokdyk; Lewis W. Kneib

E-mail: steven.stokdyk@lw.com;

lewis.kneib@lw.com

 

    9

     

    

 

(iii)
If to the PFW, to:

 

Prime Focus World N.V

160 Great Portland St. Fitzrovia

London. W1W 5QA

Attention: General Counsel

Email: cpfl@dneg.com

 

with copies (which shall not constitute notice) to:

 

Latham & Watkins LLP

10250 Constellation Blvd., Suite 1100

Los Angeles, CA 90067

Attn: Steven B. Stokdyk; Lewis W. Kneib

E-mail: steven.stokdyk@lw.com;

lewis.kneib@lw.com

 

(b)
Entire Agreement. This Agreement constitutes the entire agreement, and supersedes all other prior agreements, understandings,
representations and warranties, both written and oral, among the parties, with respect to the subject matter hereof, including any commitment
letter entered into relating to the subject matter hereof.

 

(c)
No Third Party Beneficiaries; Exception. Except to the extent expressly set forth in Sections 2(a)(i), 8(a),
9(e), 9(j) and 9(q), this Agreement shall be binding on, and inure solely to the benefit of, the parties hereto and
their respective successors and assigns, and nothing set forth in this Agreement shall be construed to confer upon or give any Person,
other than the parties hereto and their respective successors and permitted assigns, any benefits, rights or remedies under or by reason
of, or any rights to enforce or cause Purchaser or Svac to enforce, this Agreement.

 

(d)
Successors. All of the terms, agreements, covenants, representations, warranties, and conditions of this Agreement are binding
upon, and inure to the benefit of and are enforceable by, the parties hereto and their respective successors. Nothing in this Agreement,
express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any
rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

 

(e) Assignments.
Except as otherwise specifically provided herein, no party hereto may assign either this Agreement or any of its rights, interests, or
obligations hereunder without the prior written consent of the other parties hereto and the PF Parties. Notwithstanding the foregoing,
the Purchaser may assign and delegate all or a portion of its rights and obligations to purchase and receive the Backstop Purchase Shares
to one or more other persons upon the consent of Svac and the PF Parties provided, however, that no consent of Svac or
the PF Parties shall be required with respect to any partial assignment of the Purchaser’s obligations to Purchase Backstop Purchase
Shares to a third party purchaser that has entered into such commitment in a writing that names Svac and the PF Parties as third-party
beneficiaries thereto, and provided, further, that no such assignment or delegation shall relieve the Purchaser of its obligations hereunder
(including its obligation to purchase the Backstop Purchase Shares) and Svac shall be entitled to pursue all rights and remedies against
the Purchaser subject to the terms and conditions hereof. Any purported assignment or assumption of this Agreement or any right or obligation
hereunder in contravention of this Section 9(e) shall be void ab initio.

 

(f)
Counterparts; Electronic Signature. This Agreement may be signed in counterparts (which may include counterparts delivered
by any standard form of telecommunication), each of which shall be an original and all of which together shall constitute one and the
same instrument. Counterparts may be delivered via facsimile, electronic mail (including any electronic signature covered by the U.S.
federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic Signatures and Records Act or other applicable law, e.g.,
www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered
and be valid and effective for all purposes.

 

(g)
Headings and Captions. The captions in this Agreement are for convenience only and shall not be considered a part of or
affect the construction or interpretation of any provision of this Agreement.

 

    10

     

    

 

(h)
Governing Law. This Agreement and all claims or causes of action based upon, arising out of, or related to this Agreement
or the Transactions, shall be governed by, and construed in accordance with, the Laws of the State of New York without giving effect to
principles or rules of conflict of laws to the extent such principles or rules would require or permit the application of Laws of another
jurisdiction.

 

(i)
Consent to Jurisdiction; Waiver of Jury Trial. Any Action based upon, arising out of or related to this Agreement, the other
Transaction Documents or the Transactions, shall be brought in the United States District Court for the Southern District of New York
or a New York State Court sitting in New York City (the “Chosen Courts”), so long as one of such courts shall have
subject matter jurisdiction over such Action. Any cause of action arising out of this Agreement or the Transactions shall be deemed to
have arisen from a transaction of business in the State of New York. Each of the Parties irrevocably submits to the exclusive jurisdiction
of the Chosen Courts in any such Action, waives any objection it may now or hereafter have to personal jurisdiction, venue or to convenience
of forum, agrees that all claims in respect of the Action shall be heard and determined only in the Chosen Courts, and agrees not to bring
any Action arising out of or relating to this Agreement or the Transactions in any other court. Nothing herein contained shall be deemed
to affect the right of any party to serve process in any manner permitted by Law, or to commence legal proceedings or otherwise proceed
against any other party in any other jurisdiction, in each case, to enforce judgments obtained in any Action brought pursuant to this
Section 9(i). EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION BASED UPON, ARISING
OUT OF OR RELATED TO THIS AGREEMENT, THE OTHER TRANSACTION DOCUMENTS OR THE TRANSACTIONS.

 

(j)
Modifications and Amendments. This Agreement may not be amended, modified, supplemented or waived except by an instrument
in writing, signed by Purchaser, Svac and the PF Parties.

 

(k)
Waiver of Damages. Notwithstanding anything to the contrary contained herein, in no event shall any party be liable for
punitive damages in connection with this Agreement; provided, however, that in no event shall Purchaser be liable for any
form of damages, whether such damages are consequential, special or exemplary, in connection with this Agreement in excess of the sum
of the Backstop Limit and any reasonable fees and expenses associated with the collection of such damages.

 

(l)
Severability. If any provision of this Agreement shall be invalid, illegal or unenforceable, the validity, legality or enforceability
of the remaining provisions of this Agreement shall not in any way be affected or impaired thereby and shall continue in full force and
effect.

 

(m)
Expenses. Svac will be responsible for all costs and expenses incurred by it in connection with the preparation, execution
and performance of this Agreement and the consummation of the transactions contemplated hereby, including all fees and expenses of agents,
representatives, financial advisors, legal counsel and accountants, transfer agents and stamp taxes associated with the issuance of the
Securities.

 

    11

     

    

 

(n)
Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity
or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption
or burden of proof will arise favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement. Any
reference to any federal, state, local, or foreign law will be deemed also to refer to law as amended and all rules and regulations promulgated
thereunder, unless the context requires otherwise. The words “include,” “includes,” and “including”
will be deemed to be followed by “without limitation.” Pronouns in masculine, feminine, and neuter genders will be
construed to include any other gender, and words in the singular form will be construed to include the plural and vice versa, unless the
context otherwise requires. The words “this Agreement,” “herein,” “hereof,” “hereby,”
“hereunder,” and words of similar import refer to this Agreement as a whole and not to any particular subdivision unless
expressly so limited. The parties hereto intend that each representation, warranty, and covenant contained herein will have independent
significance. If any party hereto has breached any representation, warranty, or covenant contained herein in any respect, the fact that
there exists another representation, warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity)
which such party hereto has not breached will not detract from or mitigate the fact that such party hereto is in breach of the first representation,
warranty, or covenant.

 

(o)
Waiver. No waiver by any party hereto of any default, misrepresentation, or breach of warranty or covenant hereunder, whether
intentional or not, may be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder
or affect in any way any rights arising because of any prior or subsequent occurrence.

 

(p)
Confidentiality. Except as may be required by law, regulation or applicable stock exchange listing requirements, or upon
the request of a governmental authority, unless and until the transactions contemplated hereby and the terms hereof are publicly announced
or otherwise publicly disclosed by Svac, the parties hereto shall keep confidential and shall not publicly disclose the existence or terms
of this Agreement.

 

(q)
Specific Performance; Enforcement. Each party agrees that irreparable damage may occur in the event any provision of this
Agreement was not performed by the Purchaser or Svac in accordance with the terms hereof and that the other parties hereto shall be entitled
to specific performance of the terms hereof, in addition to any other remedy at law or equity, without a requirement to post bond or any
other security. Subject to the proviso in Section 9(c) and as provided in this Section 9(q), this Agreement may be enforced
only by Svac and the Purchaser, and none of Svac’s or Purchaser’s direct or indirect creditors nor any other person that is
not a party to this Agreement shall have any right to enforce this Agreement or to cause Svac to enforce this Agreement; provided,
however, that notwithstanding anything to the contrary PFW shall be entitled to enforce, through an action of specific performance,
Svac’s right to cause the Purchaser to fund the BPS Purchase Price and purchase the Backstop Purchase Shares, subject to the terms
and conditions hereof, and shall not be required to provide any bond or other security in connection with any such equitable remedy; provided
in no event will PFW have any claim for monetary damages against the Purchaser hereunder.

 

[Signature Page Follows]

 

    12

     

    

 

IN WITNESS WHEREOF, the undersigned
have executed this Agreement to be effective as of the date first set forth above.

 

	 	SPORTS VENTURES ACQUISITION CORP.
	 	 
	 	By:	/s/ Alan Kestenbaum

	 	 	Name:	Alan Kestenbaum
	 	 	Title:	Chief Executive Officer and Chairman of the Board
	 	 	 	 
	 	AKICV
LLC 

	 	 
	 	By:	/s/ Alan Kestenbaum

	 	 	Name:	Alan Kestenbaum
	 	 	Title:	Managing Member
	 	 	 	 
	 	PRIME FOCUS WORLD N.V.
	 	 
	 	By:	/s/ Namit Malhotra
	 	 	Name:	Namit Malhotra
	 	 	Title:	Chief Executive Officer

 

[Signature Page to Backstop Agreement]

 

     

     

    

 

Schedule I

 

Commitments

 

Total: $168,000,000.00Exhibit 10.3

 

SUBSCRIPTION AGREEMENT 

 

This SUBSCRIPTION AGREEMENT
(this “Subscription Agreement”) is entered into this ___ day of January, 2022, by and among Sports Ventures Acquisition
Corp., a Cayman Islands corporation (the “SPAC or the “Issuer”) and the undersigned (“Subscriber”
or “you”). Defined terms used but not otherwise defined herein shall have the respective meanings ascribed thereto
in the BCA (as defined below).

 

WHEREAS, the SPAC and the
other parties named therein will, on or prior to February 28, 2022 (the “Subscription Outside Date”) enter into that
certain Business Combination Agreement (as amended, modified, supplemented or waived from time to time in accordance with its terms, the
“BCA”), pursuant to which, inter alia, the SPAC and the stockholders of Prime Focus World N.V. (the “Company”)
will enter into a transaction in which the SPAC will acquire from the Company’s stockholders all of the outstanding equity securities
in exchange for shares of the SPAC (together with the other transactions contemplated by the BCA, the “Transactions”);

 

WHEREAS, in connection with
the Transactions, Subscriber desires to subscribe for and purchase from the Issuer that number of shares of the Issuer’s Class A
Ordinary Shares, par value of $0.0001 per share (the “SPAC Shares”) set forth on the signature hereto (“Subscribed
Shares”) for a purchase price of $10.00 per share (the “Per Share Price”) and for the aggregate of such Per
Share Price for all Subscribed Shares set forth on Subscriber’s signature page hereto (the “Purchase Price”),
and the Issuer desires to issue and sell to Subscriber the Subscribed Shares in consideration of the payment of the Purchase Price therefor
by or on behalf of Subscriber to the Issuer, all on the terms and subject to the conditions set forth herein; and

 

WHEREAS, certain other “qualified
institutional buyers” (as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”))
or “accredited investors” (within the meaning of Rule 501(a) under the Securities Act) (each, an “Other Subscriber”)
have or may in the future, severally and not jointly, enter into separate subscription agreements with the Issuer (the “Other
Subscription Agreements”), pursuant to which such Other Subscribers have agreed or will agree to purchase SPAC Shares on the
Closing Date (as defined below) at the Per Share Price.

 

NOW, THEREFORE, in consideration
of the foregoing and the mutual representations, warranties and covenants, and subject to the conditions, herein contained, and intending
to be legally bound hereby, the parties hereto hereby agree as follows:

 

For ease of administration,
this single Subscription Agreement is being executed so as to enable each Subscriber identified on the signature page to enter into a
Subscription Agreement, severally, but not jointly. The parties agree that (i) the Subscription Agreement shall

 

be treated as if
it were a separate agreement with respect to each Subscriber listed on the signature page, as if each Subscriber entity had executed a
separate Subscription Agreement naming only itself as Subscriber, and (ii) no Subscriber listed on the signature page shall have
any liability under the Subscription Agreement for the obligations of any other Subscriber so listed.

 

     

     

    

 

1.
Subscription.

 

1.1.
Subject to the terms and conditions hereof, at the Closing (as defined below), Subscriber hereby agrees to subscribe for and purchase,
and the Issuer shall agree to issue and sell to Subscriber, upon the payment of the Purchase Price, the Subscribed Shares (such subscription
and issuance, the “Subscription”).

 

1.2.
Subscription Price. The Subscribed Shares shall be purchased at the Purchase Price.

 

2.
Representations, Warranties and Agreements.

 

2.1.
Subscriber’s Representations, Warranties and Agreements. To induce the Issuer to issue the Subscribed Shares, Subscriber
hereby represents and warrants to the Issuer and acknowledges and agrees with the Issuer, as of the date hereof and as of the Closing
Date, as follows:

 

2.1.1.
If Subscriber is not an individual, Subscriber has been duly formed or incorporated and is validly existing in good standing under
the laws of its jurisdiction of incorporation or formation, with power and authority to enter into, deliver and perform its obligations
under this Subscription Agreement. If Subscriber is an individual, Subscriber has the authority to enter into, deliver and perform its
obligations under this Subscription Agreement.

 

2.1.2.
If Subscriber is not an individual, this Subscription Agreement has been duly authorized, validly executed and delivered by Subscriber.
If Subscriber is an individual, the signature on this Subscription Agreement is genuine, and Subscriber has legal competence and capacity
to execute the same. Assuming that this Subscription Agreement constitutes the valid and binding agreement of the other parties hereto,
this Subscription Agreement is the valid and binding obligation of Subscriber, is enforceable against Subscriber in accordance with its
terms, except as may be limited or otherwise affected by (i) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium
or other laws relating to or affecting the rights of creditors generally, and (ii) principles of equity, whether considered at law
or equity.

 

2.1.3.
The execution, delivery and performance by Subscriber of this Subscription Agreement and the consummation by Subscriber of the
transactions contemplated herein do not and will not (i) conflict with or result in a breach or violation of any of the terms or
provisions of, or constitute a default under, or result in the creation or imposition of any lien, charge or encumbrance upon any of the
property or assets of Subscriber or any of its subsidiaries pursuant to the terms of any indenture, mortgage, charge, deed of trust, loan
agreement, lease, license or other agreement or instrument to which Subscriber or any of its subsidiaries is a party or by which Subscriber
or any of its subsidiaries is bound or to which any of the property or assets of Subscriber or any of its subsidiaries is subject, which
would reasonably be expected to have a material adverse effect on the legal authority of Subscriber to enter into and timely perform its
obligations under this Subscription Agreement (a “Subscriber Material Adverse Effect”), (ii) if Subscriber is not an
individual, result in any violation of the provisions of the organizational documents of Subscriber or any of its subsidiaries and (iii) result
in any violation of any statute or any judgment, order, rule or regulation of any court or governmental agency or body, domestic or foreign,
having jurisdiction over Subscriber or any of its subsidiaries or any of their respective properties that would reasonably be expected
to have a Subscriber Material Adverse Effect.

 

    2

     

    

 

2.1.4.
Subscriber (i) is (a) a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act), an
institutional “accredited investor” (within the meaning of Rule 501(a)(1), (2), (3), or (7) under the Securities Act) or an
“accredited investor” (within the meaning of Rule 501(a) under the Securities Act), experienced in investing in transactions
of the type contemplated by this Subscription Agreement and capable of evaluating investment risks independently, both in general and
with regard to all transactions and investment strategies involving a security or securities, including Subscriber’s participation
in the purchase of the Subscribed Shares, in each case, satisfying the applicable requirements set forth on Schedule I, (ii) is
acquiring the Subscribed Shares only for its own account and not for the account of others, or if Subscriber is subscribing for the Subscribed
Shares as a fiduciary or agent for one or more investor accounts, each owner of such account is a “qualified institutional buyer”
(as defined in Rule 144A under the Securities Act) or an “accredited investor” (within the meaning of Rule 501(a) under the
Securities Act), and Subscriber has full investment discretion with respect to each such account, and the full power and authority to
make the acknowledgements, representations, warranties and agreements herein on behalf of each owner of each such account, for investment
purposes only and not with a view to any distribution of the Subscribed Shares in any manner that would violate the securities laws of
the United States or any other applicable jurisdiction and (iii) is not acquiring the Subscribed Shares with a view to, or for offer
or sale in connection with, any distribution thereof in violation of the Securities Act (and shall provide the requested information on Schedule
I following the signature page hereto). Subscriber is not an entity formed for the specific purpose of acquiring the Subscribed
Shares, unless Subscriber is a newly formed entity in which all of the equity owners are accredited investors, and is an “institutional
account” as defined by FINRA Rule 4512(e). Accordingly, Subscriber is aware that this offering of the Subscribed Shares meets the
exemption from filing under FINRA Rule 5123B(1)(A), (C) or (J).

 

2.1.5.
Subscriber understands that the Subscribed Shares are being offered in a transaction not involving any public offering within the
meaning of the Securities Act, that the Subscribed Shares have not been registered under the Securities Act and that the Issuer is not
and will not be required to register the Subscribed Shares except as set forth in Section 4 of this Subscription Agreement. Subscriber
understands that the Subscribed Shares may not be resold, transferred, pledged or otherwise disposed of by Subscriber absent an effective
registration statement under the Securities Act, except (i) to the Issuer or a subsidiary thereof, (ii) to non-U.S. persons
pursuant to offers and sales that occur solely outside the United States within the meaning of Regulation S under the Securities Act or
(iii) pursuant to another applicable exemption from the registration requirements of the Securities Act (including without limitation
a private resale pursuant to so called “Section 4(a)11⁄2”), and in each case, in accordance with any applicable securities
laws of the states and other jurisdictions of the United States, and that any certificates representing the Subscribed Shares shall contain
a legend to such effect (provided that such legends will be eligible for removal upon compliance with the relevant resale provisions of
Rule 144). Subscriber acknowledges that the Subscribed Shares will not be eligible for resale pursuant to Rule 144A promulgated under
the Securities Act. Subscriber understands and agrees that the Subscribed Shares will be subject to the foregoing restrictions and, as
a result, Subscriber may not be able to readily resell the Subscribed Shares and may be required to bear the financial risk of an investment
in the Subscribed Shares for an indefinite period of time. Subscriber understands that it has been advised to consult independent legal
counsel prior to making any offer, resale, pledge or transfer of any of the Subscribed Shares. Subscriber has determined based on its
own independent review and such professional advice as it deems appropriate that its purchase of the Subscribed Shares is a suitable investment
for Subscriber, notwithstanding the substantial risks inherent in investing in or holding the Subscribed Shares.

 

    3

     

    

 

2.1.6.
Subscriber understands and agrees that Subscriber is purchasing the Subscribed Shares directly from the Issuer. Subscriber further
acknowledges that there have been no representations, warranties, covenants or agreements made to Subscriber by the Issuer, the Company
or any of their respective officers or directors, expressly or by implication, other than those representations, warranties, covenants
and agreements of the Issuer expressly set forth in this Subscription Agreement.

 

2.1.7.
Subscriber represents and warrants that its acquisition and holding of the Subscribed Shares will not constitute or result in a non-exempt prohibited
transaction under Section 406 of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), Section 4975
of the Internal Revenue Code of 1986, as amended (the “Code”), or any applicable other federal, state, local, non-U.S. or
other laws or regulations that are similar to such provisions of ERISA or the Code (collectively, “Similar Laws”).

 

2.1.8.
In making its decision to purchase the Subscribed Shares, Subscriber represents that it has relied solely upon independent investigation
made by Subscriber and the representations, warranties and covenants of the Issuer contained in this Subscription Agreement. Without limiting
the generality of the foregoing, Subscriber has not relied on any statements or other information provided by anyone (including J.P. Morgan
Securities LLC and Deutsche Bank Securities Inc. (collectively, in their capacity as placement agents, the “Placement Agents”)),
other than the Issuer and its respective representatives concerning the Issuer, the Company or the Subscribed Shares or the offer and
sale of the Subscribed Shares. Subscriber acknowledges and agrees that Subscriber has received such information as Subscriber deems necessary
in order to make an investment decision with respect to the Subscribed Shares, including with respect to the Issuer, the Company and the
Transactions. Subscriber represents and agrees that Subscriber and Subscriber’s professional advisor(s), if any, have (i) received,
reviewed and understood the offering materials made available to Subscriber and (ii) had the full opportunity to ask such questions,
receive such answers and obtain such information as Subscriber and such Subscriber’s professional advisor(s), if any, have deemed
necessary to make an investment decision with respect to the Subscribed Shares. Subscriber represents and warrants it is relying exclusively
on its own sources of information, investment analysis and due diligence (including professional advice you deem appropriate) with respect
to the Transactions, the Subscribed Shares and the business, condition (financial and otherwise), management, operations, properties and
prospects of the Issuer and the Company, including but not limited to all business, legal, regulatory, accounting, credit and tax matters.

 

    4

     

    

 

2.1.9.
Subscriber acknowledges and agrees that (a) each of the Placement Agents is acting solely as placement agent in connection
with the Transactions and is not acting as an underwriter or in any other capacity in connection with the Subscriptions and is not and
shall not be construed as a fiduciary for Subscriber or any other person or entity in connection with the Transactions, (b) the Placement
Agents have not made and will not make any representation or warranty, whether express or implied, of any kind or character and have not
provided any advice or recommendation in connection with the Transactions, (c) the Placement Agents will have no responsibility with
respect to (i) any representations, warranties or agreements made by any person or entity under or in connection with the Transactions
or any of the documents furnished pursuant thereto or in connection therewith, or the execution, legality, validity or enforceability
(with respect to any person) or any thereof, or (ii) the business, condition (financial and otherwise), management, operations, properties
or prospects of, or any other matter concerning the Issuer, the Company or the Transactions, and (d) the Placement Agents shall have
no liability or obligation (including without limitation, for or with respect to any losses, claims, damages, obligations, penalties,
judgments, awards, liabilities, costs, expenses or disbursements incurred by Subscriber, the Issuer or any other person or entity), whether
in contract, tort or otherwise, to Subscriber, or to any person claiming through Subscriber, in respect of the Transactions.

 

2.1.10.  Subscriber
became aware of this offering of the Subscribed Shares solely by means of direct contact between Subscriber and the Issuer, the
Company or one of their respective representatives. Subscriber did not become aware of this offering of the Subscribed Shares, nor
were the Subscribed Shares offered to Subscriber, by any other means. Subscriber acknowledges that the Issuer will represent and
warrant that the Subscribed Shares (i) were not offered by any form of general solicitation or general advertising, including
methods described in section 502(c) of Regulation D under the Securities Act and (ii) assuming the representations and
warranties of the Issuer are true and correct in all material respects, are not being offered in a manner involving a public
offering under, or in a distribution in violation of, the Securities Act, or any applicable state securities laws.

 

2.1.11.  Subscriber
understands and agrees that no federal or state agency has passed upon or endorsed the merits of the offering of the Subscribed
Shares or made any findings or determination as to the fairness of an investment in the Subscribed Shares.

 

2.1.12.  Subscriber
represents and warrants that Subscriber is not (i) a person or entity named on the List of Specially Designated Nationals and
Blocked Persons administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) or
in any Executive Order issued by the President of the United States and administered by OFAC (“OFAC List”), or a
person or entity prohibited by any OFAC sanctions program, (ii) a Designated National as defined in the Cuban Assets Control
Regulations, 31 C.F.R. Part 515 or (iii) a non-U.S. shell bank or providing banking services indirectly to
a non-U.S. shell bank. Subscriber agrees to provide law enforcement agencies, if requested thereby, such records as
required by applicable law, provided that Subscriber is permitted to do so under applicable law. If Subscriber is a financial
institution subject to the Bank Secrecy Act (31 U.S.C. Section 5311 et seq.), as amended by the USA PATRIOT Act of 2001, and
its implementing regulations (collectively, the “BSA/PATRIOT Act”), Subscriber represents that it maintains
policies and procedures reasonably designed to comply with applicable obligations under the BSA/PATRIOT Act. Subscriber also
represents that, to the extent required, it maintains policies and procedures reasonably designed for the screening of its investors
against the OFAC sanctions programs, including the OFAC List. Subscriber further represents and warrants that, to the extent
required, it maintains policies and procedures reasonably designed to ensure that the funds held by Subscriber and used to purchase
the Subscribed Shares were legally derived.

 

    5

     

    

 

2.1.13.  If
Subscriber is an employee benefit plan that is subject to Title I of ERISA, a plan, an individual retirement account or other
arrangement that is subject to section 4975 of the Code or an employee benefit plan that is a governmental plan (as defined in
section 3(32) of ERISA), a church plan (as defined in section 3(33) of ERISA), a non-U.S. plan (as described in section
4(b)(4) of ERISA) or other plan that is not subject to the foregoing but may be subject to provisions under any other Similar Laws
or an entity whose underlying assets are considered to include “plan assets” of any such plan, account or arrangement
(each, a “Plan”), Subscriber represents and warrants that none of the Issuer, nor any of its respective
affiliates (the “Transaction Parties”) has acted as the Plan’s fiduciary, or has been relied on for advice,
with respect to its decision to acquire and hold the Subscribed Shares, and none of the Transaction Parties shall at any time be
relied upon as the Plan’s fiduciary with respect to any decision to acquire, continue to hold or transfer the Subscribed
Shares.

 

2.1.14.  Except
as expressly disclosed in a Schedule 13D or Schedule 13G (or amendments thereto) filed by such Subscriber with the United States
Securities and Exchange Commission (the “Commission”) with respect to the beneficial ownership of the
SPAC’s common stock, Subscriber is not currently (and at all times through Closing will refrain from being or becoming) a
member of a “group” (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Securities Exchange Act
of 1934, as amended (the “Exchange Act”), or any successor provision) acting for the purpose of acquiring,
holding or disposing of equity securities of the Issuer (within the meaning of Rule 13d-5(b)(1) under the Exchange
Act).

 

2.1.15.  Subscriber
is not a foreign person (as defined in 31 C.F.R. Part 800.224) in which the national or subnational governments of a single foreign
state have a substantial interest (as defined in 31 C.F.R. Part 800.244) and that will acquire a substantial interest in the Issuer
as a result of the purchase and sale of Subscribed Shares hereunder such that a declaration to the Committee on Foreign Investment
in the United States would be mandatory under 31 C.F.R. Part 800.401, and no foreign person will have control (as defined in 31
C.F.R. Part 800.208) over the Issuer from and after the Closing as a result of the purchase and sale of the Subscribed Shares
hereunder.

 

2.1.16. Subscriber
has, and on each date the Purchase Price would be required to be funded to the Issuer pursuant to Section 3.1 will
have, sufficient immediately available funds to pay the Purchase Price pursuant to Section 3.1. Subscriber was not formed
for the purpose of acquiring the Subscribed Shares.

 

    6

     

    

 

2.1.17. No
broker, finder or other financial consultant has acted on behalf of Subscriber in connection with this Subscription Agreement or the
transactions contemplated hereby in such a way as to create any liability on the Issuer.

 

2.1.18. Subscriber
agrees that, from the date of this Subscription Agreement until the Closing or the earlier termination of this Subscription Agreement,
none of Subscriber, its controlled affiliates, or any person or entity acting on behalf of Subscriber or any of its controlled affiliates
or pursuant to any understanding with Subscriber or any of its controlled affiliates will engage in any Short Sales with respect to securities
of the SPAC. For the purposes hereof, “Short Sales” shall include, without limitation, all “short sales”
as defined in Rule 200 promulgated under Regulation SHO under the Exchange Act, and all types of direct and indirect stock pledges (other
than pledges in the ordinary course of business as part of prime brokerage arrangements), forward sale contracts, options, puts, calls,
swaps and similar arrangements (including on a total return basis), including through non-U.S. broker dealers or foreign regulated
brokers.

 

2.2.
Issuer’s Representations, Warranties and Agreements. To induce Subscriber to purchase the Subscribed Shares, the Issuer
represents and warrants to Subscriber and agrees with Subscriber, as of the date hereof and as of the Closing Date, as follows:

 

2.2.1.
The Issuer is validly existing and in good standing under the laws of the Cayman Islands, with all requisite power and authority
to own, lease and operate its properties and conduct its business as presently conducted and to enter into, deliver and perform its obligations
under this Subscription Agreement.

 

2.2.2.
The Subscribed Shares have been duly authorized and, when issued and delivered to Subscriber against full payment for the Subscribed
Shares in accordance with the terms of this Subscription Agreement and registered with the Issuer’s transfer agent, the Subscribed
Shares will be validly issued, fully paid and non-assessable and will not have been issued in violation of or subject to any
preemptive or similar rights whether created under the Issuer’s bye-laws or similar constitutive agreements or under the
laws of the Cayman Islands, as amended.

 

2.2.3.
This Subscription Agreement has been duly authorized, validly executed and delivered by the Issuer and, assuming that this Subscription
Agreement constitutes the valid and binding obligation of the other signatories hereto, is the valid and binding obligation of the Issuer,
is enforceable against Issuer in accordance with its terms, except as may be limited or otherwise affected by (i) bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium or other laws relating to or affecting the rights of creditors generally and (ii) principles
of equity, whether considered at law or equity.

 

    7

     

    

 

2.2.4.
Assuming the accuracy of the representations and warranties of Subscriber set forth in Section 2.1 of this Subscription
Agreement, the execution, delivery and performance of this Subscription Agreement (including compliance by the Issuer with all of the
provisions hereof), the issuance and sale of the Subscribed Shares and the consummation of the other transactions contemplated herein
will not (i) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under,
or result in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets of the Issuer or any of
its subsidiaries pursuant to the terms of any indenture, mortgage, charge, deed of trust, loan agreement, lease, license or other agreement
or instrument to which the Issuer or any of its subsidiaries is a party or by which the Issuer or any of its subsidiaries is bound or
to which any of the property or assets of the Issuer or any of its subsidiaries is subject, which would reasonably be expected to have
a material adverse effect on the validity of the SPAC Shares or the legal authority of the Issuer to enter into and timely perform its
obligations under this Subscription Agreement (collectively, an “Issuer Material Adverse Effect”), (ii) result in any
violation of the provisions of the organizational documents of the Issuer or any of its subsidiaries or (iii) result in any violation
of any statute or any judgment, order, rule or regulation of any court or governmental agency or body, domestic or foreign, having jurisdiction
over the Issuer or any of its subsidiaries or any of its properties that would reasonably be expected to have an Issuer Material Adverse
Effect.

 

2.2.5.
Neither the Issuer, nor any person acting on its behalf has, directly or indirectly, made any offers or sales of any security of
the Issuer nor solicited any offers to buy any security under circumstances that would adversely affect reliance by the Issuer on Section 4(a)(2)
of the Securities Act for the exemption from registration for the transactions contemplated hereby or would require registration of the
issuance of the Subscribed Shares under the Securities Act.

 

2.2.6.
Neither the Issuer, nor any person acting on its behalf has conducted any general solicitation or general advertising, including
methods described in section 502(c) of Regulation D under the Securities Act, in connection with the offer or sale of any of the Subscribed
Shares and neither the Issuer, nor any person acting on its behalf has offered any of the Subscribed Shares in a manner involving a public
offering under, or in a distribution in violation of, the Securities Act or any state securities laws.

 

2.2.7.
Concurrently with the execution and delivery of this Subscription Agreement, the Issuer is entering into the Other Subscription
Agreements providing for the sale of SPAC Shares for a purchase price of $10.00 per share (collectively, the “PIPE Securities”).
As of the date hereof, there are no Other Subscription Agreements, side letter agreements or other agreements or understandings (including
written summaries of any oral understandings) with any Other Subscriber or any other investor or potential investor with respect to the
purchase of SPAC Shares of the Issuer (other than pursuant to any forward purchase agreements or the BCA) (collectively, the “PIPE
Agreements”) that include terms and conditions that are materially more advantageous to any such Other Subscriber, investor
or potential investor (as compared to Subscriber) other than PIPE Agreements with certain Other Subscribers with pre-existing relationships
with the Issuer solely to the extent such PIPE Agreements provide for a cash fee to such Other Subscribers in an amount equal to the fees
that would have otherwise been payable by the Issuer to the Placement Agents if such Other Subscribers did not have the pre-existing relationship
with the Issuer, but is not payable by the Issuer to the Placement Agents as a result of such pre-existing relationship. The
Other Subscription Agreements have not been amended or modified in any material respect following the date of this Subscription Agreement
in a manner that would reasonably be expected to materially and adversely affect the economic benefits that Subscriber would reasonably
expect to receive under this Subscription Agreement. The Issuer shall not release any Other Subscriber under any Other Subscription Agreement
from any of its obligations thereunder or any other agreements with any Other Subscriber, unless it offers the same release to the Subscriber.

 

    8

     

    

 

2.2.8.
As of the date hereof, the authorized capital stock of the Issuer consists of (i) 500,000,000 shares of authorized SPAC Shares,
(ii) 50,000,000 shares of authorized Class B Ordinary Shares, par value of $0.0001 per share (“Class B Shares”), and (iii)
5,000,000 undesignated preferred shares, par value of $0.0001 per share. As of the date hereof, there are: no preferred shares of the
Issuer issued or outstanding; 23,660,000 SPAC Shares issued and outstanding; and 5,750,001 Class B Shares issued and outstanding.
The Issuer has issued warrants to purchase up to 7,666,667 SPAC Shares, of which warrants to purchase 220,000 SPAC Shares are held by
the affiliates of the Issuer. Each outstanding warrant of the Issuer entitles the holder thereof to purchase one SPAC Share at an exercise
price of $11.50 per share on the terms and conditions set forth in the applicable warrant agreements. All issued and outstanding SPAC
Shares have been duly authorized and validly issued, are fully paid, non-assessable and are not subject to preemptive rights.
Except as set forth above and pursuant to the warrants, this Subscription Agreement, the Other Subscription Agreements and the BCA (a
true and correct copy of which will be provided to Subscriber upon its execution by the Issuer, the Company, and the other parties named
therein), there are no other equity interests in the Issuer, or securities convertible into or exchangeable or exercisable for such equity
interests. There are no shareholder agreements, voting trusts or other agreements or understandings to which the Issuer is a party or
by which it is bound relating to the voting of any securities of the Issuer, other than as contemplated by the BCA and the Transaction
Agreements.

 

2.2.9.
Assuming the accuracy of Subscriber’s representations and warranties set forth in Section 2.1 of this
Subscription Agreement, (i) no registration under the Securities Act is required for the offer and sale of the Subscribed Shares
by the Issuer to Subscriber and (ii) no consent, approval, order or authorization of, or registration, qualification, designation,
declaration or filing with, any federal, state or local Governmental Authority is required on the part of the Issuer in connection with
the consummation of the transactions contemplated by this Subscription Agreement, except for filings pursuant to Regulation D of the Securities
Act and applicable state securities laws and filings required to consummate the Transactions as provided under the BCA.

 

2.2.10.  As
of the date hereof, there are no pending or, to the knowledge of the Issuer, threatened, Actions, which, if determined adversely,
would, individually or in the aggregate, reasonably be expected to have an Issuer Material Adverse Effect. As of the date hereof,
there is no unsatisfied judgment or any open injunction binding upon the Issuer, which would, individually or in the aggregate,
reasonably be expected to have an Issuer Material Adverse Effect.

 

    9

     

    

 

2.2.11. The
Issuer is in compliance with all applicable laws, except where such non-compliance would not reasonably be expected to
have an Issuer Material Adverse Effect. The Issuer has not received any written communication from a governmental entity that
alleges that the Issuer is not in compliance with or is in default or violation of any applicable law, except where
such non-compliance, default or violation would not, individually or in the aggregate, be reasonably expected to have an
Issuer Material Adverse Effect.

 

2.2.12.  The
Issuer is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or
registration with, any court or other federal, state, local or other governmental authority, self-regulatory organization or other
person in connection with the execution, delivery and performance by the Issuer of this Subscription Agreement (including, without
limitation, the issuance of the Subscribed Shares), other than (i) filings with the Commission, (ii) filings required by
applicable state securities laws, (iii) filings required in accordance with Section 4, (iv) those required by Nasdaq,
and (v) filings, the failure of which to obtain would not be reasonably be expected to have, individually or in the aggregate, an
Issuer Material Adverse Effect.

 

2.2.13. No broker,
finder or other financial consultant has acted on behalf of the Issuer in connection with this Subscription Agreement or the transactions
contemplated hereby in such a way as to create any liability on Subscriber.

 

2.2.14.
The Issuer is classified as a Subchapter C corporation for U.S. federal income tax purposes.

 

2.2.15. The Issuer
acknowledges that, notwithstanding anything herein to the contrary, the Subscribed Shares may be pledged by Subscriber in connection
with a bona fide margin agreement, provided such pledge shall be (i) pursuant to an available exemption from the registration requirements
of the Securities Act or (ii) pursuant to, and in accordance with, a registration statement that is effective under the Securities
Act at the time of such pledge, and Subscriber effecting a pledge of Subscribed Shares shall not be required to provide Issuer with any
notice thereof; provided, however, that neither the Issuer or its counsel shall be required to take any action (or refrain from taking
any action) in connection with any such pledge.

 

2.2.16. The Issuer
has made available to Subscriber (including via the Commission’s EDGAR system) a true, correct and complete copy of each form,
report, statement, schedule, prospectus, proxy, registration statement and other documents filed by the Issuer with the Commission prior
to the date of this Subscription Agreement (the “SEC Documents”). None of the SEC Documents filed under the Exchange
Act, contained, when filed or, if amended prior to the date of this Subscription Agreement, as of the date of such amendment with respect
to those disclosures that are amended, any untrue statement of a material fact or omitted to state a material fact required to be stated
therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. The Issuer
has timely filed each report, statement, schedule, prospectus, and registration statement that the Issuer was required to file with the
Commission since its inception and through the date hereof. As of the date hereof, there are no material outstanding or unresolved comments
in comment letters from the Commission staff with respect to any of the SEC Documents.

 

    10

     

    

 

3.
Settlement Date and Delivery.

 

3.1.
Closing. The closing of the Subscription contemplated hereby (the “Closing”) shall occur on the date
of, and immediately prior to (but subject to), the consummation of the Transactions and the terms and conditions of this Subscription
Agreement (the date of the Closing, the “Closing Date”). Not less than five (5) Business Days prior to the date
that the Issuer reasonably expects all conditions to the closing of the Transactions to be satisfied (the “Expected Closing Date”),
the Issuer shall provide written notice to Subscriber (the “Closing
Notice”) specifying (i) the Expected Closing Date and (ii) the wire instructions for delivery of the Purchase Price
to the Issuer. Subscriber shall deliver to the Issuer no later than two (2) Business Days prior to the Expected Closing Date, the
Purchase Price for the Subscribed Shares, by wire transfer of United States dollars in immediately available funds to the account specified
by the Issuer in the Closing Notice, such funds to be held by the Issuer in escrow until the Closing. If the Transactions are not consummated
on or prior to the fifth (5th) Business Day after the Expected Closing Date, the Issuer shall promptly (but no later than two (2) Business
Days thereafter) return the Purchase Price to Subscriber by wire transfer of United States dollars in immediately available funds to an
account specified by Subscriber. Notwithstanding such return, (i) a failure to close on the Expected Closing Date shall not, by itself,
be deemed to be a failure of any of the conditions to Closing set forth in this Section 3 to be satisfied or waived
on or prior to the Closing Date, and (ii) unless and until this Subscription Agreement is terminated in accordance with Section
5 herein, Subscriber shall remain obligated (A) to redeliver funds to the Issuer following the Issuer’s delivery to Subscriber
of a new Closing Notice and (B) to consummate the Closing upon satisfaction of the conditions set forth in this Section 3.
At the Closing, upon satisfaction (or, if applicable, waiver) of the conditions set forth in this Section 3, the Issuer
shall issue to Subscriber (or the funds and accounts designated by Subscriber if so designated by Subscriber, or its nominee in accordance
with its delivery instructions) or to a custodian designated by Subscriber, as applicable the Subscribed Shares, free and clear of any
liens or other restrictions whatsoever (other than those arising under state or federal securities laws), which Subscribed Shares, unless
otherwise determined by the Issuer, shall be uncertificated, with record ownership reflected only in the register of shareholders of the
Issuer (a copy of which showing Subscriber as the owner of the Subscribed Shares on and as of the Closing Date shall be provided to Subscriber
on the Closing Date or promptly thereafter). For purposes of this Subscription Agreement, “Business Day” means any
day that, in New York, New York, is neither a legal holiday nor a day on which banking institutions are generally authorized or required
by law or regulation to close.

 

3.2.
Conditions to Closing of the Issuer.

 

The Issuer’s obligations
to sell and issue the Subscribed Shares at the Closing are subject to the fulfillment or (to the extent permitted by applicable law) written
waiver by the Issuer, on or prior to the Closing Date, of each of the following conditions:

 

3.2.1.
Representations and Warranties Correct. The representations and warranties made by Subscriber in Section 2.1 hereof
shall be true and correct in all material respects when made (other than representations and warranties that are qualified as to materiality
or Subscriber Material Adverse Effect, which representations and warranties shall be true and correct in all respects), and shall be true
and correct in all material respects on and as of the Closing Date (unless they specifically speak as of another date in which case they
shall be true and correct in all material respects as of such date) (other than representations and warranties that are qualified as to
materiality or Subscriber Material Adverse Effect, which representations and warranties shall be true in all respects) with the same force
and effect as if they had been made on and as of said date and consummation of the Closing shall constitute a reaffirmation by Subscriber
of each of the representations, warranties and agreements of Subscriber contained in this Subscription Agreement as of the Closing Date,
but in each case without giving effect to consummation of the Transactions, or as of such earlier date, as applicable.

 

    11

     

    

 

3.2.2.
Compliance with Covenants. Subscriber shall have performed, satisfied and complied in all material respects with the covenants,
agreements and conditions required by this Subscription Agreement to be performed, satisfied or complied with by Subscriber at or prior
to the Closing.

 

3.2.3.
Closing of the Transactions. All conditions precedent to each of the Issuer’s obligations to consummate, or cause
to be consummated, the Transactions set forth in the BCA shall have been satisfied or waived by the party entitled to the benefit thereof
under the BCA (other than those conditions that may only be satisfied at the consummation of the Transactions, but subject to satisfaction
or waiver by such party of such conditions as of the consummation of the Transactions), and the Transactions will be consummated immediately
following the Closing.

 

3.2.4.
Legality. There shall not be in force any order, judgment, injunction, decree, writ, stipulation, determination or award,
in each case, entered by or with any Governmental Authority, statute, rule or regulation enjoining or prohibiting the consummation of
the Subscription.

 

3.3.
Conditions to Closing of Subscriber.

 

Subscriber’s obligation to purchase the Subscribed
Shares at the Closing is subject to the fulfillment or (to the extent permitted by applicable law) written waiver by Subscriber, on or
prior to the Closing Date, of each of the following conditions:

 

3.3.1.
Representations and Warranties Correct. The representations and warranties made by the Issuer in Section 2.2 
hereof, shall be true and correct in all material respects when made (other than representations and warranties that are qualified as
to materiality or Issuer Material Adverse Effect, which representations and warranties shall be true and correct in all respects), and
shall be true and correct in all material respects on and as of the Closing Date (unless they specifically speak as of another date in
which case they shall be true and correct in all material respects as of such date) (other than representations and warranties that are
qualified as to materiality or Issuer Material Adverse Effect, which representations and warranties shall be true and correct in all respects)
with the same force and effect as if they had been made on and as of said date and consummation of the Closing shall constitute a reaffirmation
by Subscriber of each of the representations, warranties and agreements of Subscriber contained in this Subscription Agreement as of the
Closing Date, but in each case without giving effect to consummation of the Transactions, or as of such earlier date, as applicable, except,
in each case, where the failure of such representations and warranties to be true and correct (whether as of the Closing Date or such
earlier date), taken as a whole, does not result in an Issuer Material Adverse Effect.

 

    12

     

    

 

3.3.2.
Compliance with Covenants. The Issuer shall have performed, satisfied and complied in all material respects with the covenants,
agreements and conditions required by this Subscription Agreement to be performed, satisfied or complied with by the Issuer at or prior
to the Closing, except where the failure of such performance or compliance would not or would not reasonably be expected to prevent, materially
delay, or materially impair the ability of the Issuer to consummate the Closing; provided, that, this condition shall be deemed
satisfied unless written notice of such noncompliance is provided by Subscriber to the Issuer and the Issuer fails to cure such noncompliance
in all material respects within five (5) Business Days of receipt of such notice.

 

3.3.3.
Closing of the Transactions. (i) All conditions precedent to the consummation of the Transactions set forth in the
BCA shall have been satisfied or waived by the party entitled to the benefit thereof under the BCA (other than those conditions that may
only be satisfied at the consummation of the Transactions, but subject to satisfaction or waiver by such party of such conditions as of
the consummation of the Transactions), (ii) no amendment, modification or waiver of the BCA (as the same exists on the date the BCA is
executed by the Issuer, the Company, and the other parties named therein) or any terms thereof shall have occurred that would reasonably
be expected to materially and adversely affect the economic benefits that Subscriber would reasonably expect to receive under this Subscription
Agreement without having received Subscriber’s prior written consent (not to be unreasonably withheld, conditioned or delayed) and
(iii) the Transactions will be consummated immediately following the Closing.

 

3.3.4.
Legality. There shall not be in force any order, judgment, injunction, decree, writ, stipulation, determination or award,
in each case, entered by or with any governmental authority, statute, rule or regulation enjoining or prohibiting the transactions contemplated
by this Subscription Agreement.

 

4.
Registration Statement.

 

4.1.
The Issuer agrees that, within thirty (30) calendar days after the consummation of the Transactions (the “Filing
Date”), the Issuer will file with the Commission (at the Issuer’s sole cost and expense) a re-sale registration statement
(the “Registration Statement”) registering the resale of the Subscribed Shares (the “Registrable Securities”),
and the Issuer shall use its commercially reasonable efforts to have the Registration Statement declared effective as soon as practicable
after the filing thereof, but no later than the earlier of (i) the 90th calendar day (or 135th calendar day if the Commission notifies
the Issuer that it will “review” the Registration Statement) following the Closing Date and (ii) the 10th Business Day
after the date the Issuer is notified (orally or in writing, whichever is earlier) by the Commission that the Registration Statement will
not be “reviewed” or will not be subject to further review (such earlier date, the “Effectiveness Date”); provided, however,
that the Issuer’s obligations to include the Registrable Securities in the Registration Statement are contingent upon Subscriber
furnishing a completed and executed selling shareholders questionnaire in customary form to the Issuer that contains the information required
by Commission rules for a Registration Statement regarding Subscriber, the securities of the Issuer held by Subscriber and the intended
method of disposition of the Registrable Securities to effect the registration of the Registrable Securities, and Subscriber shall execute
such documents in connection with such registration as the Issuer may reasonably request that are customary of a selling stockholder in
similar situations, including providing that the Issuer shall be entitled to postpone and suspend the effectiveness or use of the Registration
Statement, if applicable, during any customary blackout or similar period or as permitted hereunder; provided, that Subscriber
shall not in connection with the foregoing be required to execute any lock-up or similar agreement or otherwise be subject to
any contractual restriction on the ability to transfer the Registrable Securities. For purposes of clarification, any failure by the Issuer
to file the Registration Statement by the Filing Date or to effect such Registration Statement by the Effectiveness Date shall not otherwise
relieve the Issuer of its obligations to file or effect the Registration Statement as set forth above in this Section 4.
For purposes of this Section 4, Registrable Securities shall include, as of any date of determination, the Subscribed
Shares and any other equity security of the Issuer issued or issuable with respect to the Subscribed Shares by way of share split, dividend,
distribution, recapitalization, merger, exchange, replacement or similar event or otherwise.

 

    13

     

    

 

4.2.
At its expense, the Issuer shall:

 

4.2.1.
 except for such times as the Issuer is permitted hereunder to suspend the use of the prospectus forming part of a Registration
Statement, use its commercially reasonable efforts to keep such registration, and any qualification, exemption or compliance under state
securities laws which the Issuer determines to obtain, continuously effective with respect to Subscriber, and to keep the applicable Registration
Statement or any subsequent shelf registration statement free of any material misstatements or omissions, until the earlier of the following:
(i) Subscriber ceases to hold any Registrable Securities, (ii) the date all Registrable Securities held by Subscriber may be
sold without restriction under Rule 144, including without limitation, any volume and manner of sale restrictions which may be applicable
to affiliates under Rule 144 and without the requirement for the Issuer to be in compliance with the current public information required
under Rule 144(c)(1) (or Rule 144(i)(2), if applicable), (iii) the date that all Registrable Securities held by Subscriber may be sold
pursuant to another exemption from registration and (iv) two years from the Effectiveness Date of the Registration Statement. The period
of time during which the Issuer is required hereunder to keep a Registration Statement effective is referred to herein as the “Registration
Period”;

 

4.2.2.
during the Registration Period, advise Subscriber, as promptly as practicable but in any event within five (5) Business Days:

 

(a)  when
a Registration Statement or any post-effective amendment thereto has become effective;

 

    14

     

    

 

(b) after it shall receive
notice or obtain knowledge thereof, of the issuance by the Commission of any stop order suspending the effectiveness of any Registration
Statement or the initiation of any proceedings for such purpose;

 

(c) 
of the receipt by the Issuer of any notification with respect to the suspension of the qualification of the Registrable Securities
included therein for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and

 

(d)
subject to the provisions in this Subscription Agreement, of the occurrence of any event that requires the making of any changes
in any Registration Statement or prospectus so that, as of such date, the statements therein are not misleading and do not omit to state
a material fact required to be stated therein or necessary to make the statements therein (in the case of a prospectus, in the light of
the circumstances under which they were made) not misleading.

 

Notwithstanding anything to
the contrary set forth herein, the Issuer shall not, when so advising Subscriber of such events, provide Subscriber with any material,
nonpublic information regarding the Issuer other than to the extent that providing notice to Subscriber of the occurrence of the events
listed in (a) through (d) above constitutes material, nonpublic information regarding the Issuer;

 

4.2.3.
during the Registration Period, use its commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness
of any Registration Statement as soon as reasonably practicable;

 

4.2.4.
during the Registration Period, upon the occurrence of any event contemplated in Section 4.2.2(d), except for
such times as the Issuer is permitted hereunder to suspend, and has suspended, the use of a prospectus forming part of a Registration
Statement, the Issuer shall use its commercially reasonable efforts to as soon as reasonably practicable prepare a post-effective amendment
to such Registration Statement or a supplement to the related prospectus, or file any other required document so that, as thereafter delivered
to purchasers of the Registrable Securities included therein, such prospectus will not include any untrue statement of a material fact
or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made,
not misleading; and

 

4.2.5.
during the Registration Period, use its commercially reasonable efforts to cause all Subscribed Shares to be listed on each securities
exchange or market, if any, on which the Issuer’s SPAC Shares are then listed.

 

    15

     

    

 

4.3.
Notwithstanding anything to the contrary in this Subscription Agreement, the Issuer shall be entitled to delay or postpone the
submission, filing or effectiveness of the Registration Statement, and from time to time to require Subscriber not to sell under the Registration
Statement or to suspend the effectiveness thereof, if Issuer determines that in order for the Registration Statement not to contain a
material misstatement or omission, (x) an amendment thereto would be needed to include information that would at that time not otherwise
be required in a current, quarterly, or annual report under the Exchange Act, (y) the negotiation or consummation of a transaction by
the Issuer or its subsidiaries is pending or an event has occurred, which negotiation, consummation or event that the Issuer’s board
of directors reasonably believes, upon the advice of legal counsel, would require additional disclosure by the Issuer in the Registration
Statement of material information that the Issuer has a bona fide business purpose for keeping confidential and the non-disclosure of
which in the Registration Statement would be expected, in the reasonable determination of the Issuer’s board of directors, upon
the advice of legal counsel, to cause the, Registration Statement to fail to comply with applicable disclosure requirements, or (z) in
the good faith judgment of the Issuer’s board of directors, such submission, filing or effectiveness or use of such Registration
Statement, would be detrimental to the Issuer, and the Issuer’s board of directors concludes that such submission, filing or effectiveness
should be delayed or postponed(each such circumstance, a “Suspension Event”); provided, however,
that the Issuer may not delay or suspend the Registration Statement on more than three occasions or for more than ninety (90) consecutive
calendar days, or more than one hundred and twenty (120) total calendar days, in each case during any twelve-month period. Upon receipt
of any written notice from the Issuer of the happening of any Suspension Event during the period that the Registration Statement is effective
or if as a result of a Suspension Event the Registration Statement or related prospectus contains any untrue statement of a material fact
or omits to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances
under which they were made (in the case of the prospectus) not misleading, Subscriber agrees that (i) it will immediately discontinue
offers and sales of the Subscribed Shares under the Registration Statement (excluding, for the avoidance of doubt, sales conducted pursuant
to Rule 144) until Subscriber receives copies of a supplemental or amended prospectus (which the Issuer agrees to promptly prepare) that
corrects the misstatement(s) or omission(s) referred to above and receives notice that any post-effective amendment has become effective
or unless otherwise notified by the Issuer that it may resume such offers and sales, and (ii) it will maintain the confidentiality
of any information included in such written notice delivered by the Issuer except (A) for disclosure to Subscriber’s employees,
agents and professional advisers who need to know such information and are obligated to keep it confidential, (B) for disclosures
to the extent required in order to comply with reporting obligations to its limited partners who have agreed to keep such information
confidential and (C) as required by law. If so directed by the Issuer, Subscriber will deliver to the Issuer or, in Subscriber’s
sole discretion destroy, all copies of the prospectus covering the Subscribed Shares in Subscriber’s possession; provided, however,
that this obligation to deliver or destroy all copies of the prospectus covering the Subscribed Shares shall not apply (i) to the
extent Subscriber is required to retain a copy of such prospectus (a) in order to comply with applicable legal, regulatory, self-regulatory
or professional requirements or (b) in accordance with a bona fide pre-existing document retention policy or (ii) to
copies stored electronically on archival servers as a result of automatic data back-up.

 

4.4.
The parties agree that:

 

4.4.1.
The Issuer agrees to indemnify and hold harmless, to the extent permitted by law, Subscriber (to the extent a seller under the
Registration Statement), its directors, officers, employees, and agents, and each person who controls Subscriber (within the meaning of
Section 15 of the Securities Act or Section 20 of the Exchange Act) from and against all reasonable and documented out-of-pocket losses,
claims, damages, liabilities and expenses (including, without limitation, reasonable and documented attorneys’ fees and expenses
of one law firm in connection with defending or investigating any such action or claim) (collectively, “Losses”), caused
by any untrue or alleged untrue statement of material fact contained in any Registration Statement, prospectus included in any Registration
Statement (a “Prospectus”) or preliminary Prospectus or any amendment thereof or supplement thereto or any omission
or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein (in the case of
a Prospectus), in the light of the circumstances under which they were made) not misleading, except insofar as the same are caused by
or contained in any information or affidavits so furnished in writing to the Issuer by or on behalf of Subscriber expressly for use therein
or Subscriber has omitted a material fact from such information or otherwise violated the Securities Act, Exchange Act or any state securities
law or any other law, rule or regulation thereunder; provided, however, that the indemnification contained in this Section 4.4 shall
not apply to amounts paid in settlement of any Losses if such settlement is effected without the consent of the Issuer (which consent
shall not be unreasonably withheld, conditioned or delayed), nor shall the Issuer be liable for any Losses to the extent they arise out
of or are based upon a violation which occurs (A) in reliance upon and in conformity with written information furnished by Subscriber,
(B) in connection with any failure of such person to deliver or cause to be delivered a Prospectus made available by the Issuer in
a timely manner, (C) as a result of offers or sales effected by or on behalf of any person by means of a “free writing prospectus”
(as defined in Rule 405 under the Securities Act) that was not authorized in writing by the Issuer, or (D) in connection with any
offers or sales effected by or on behalf of Subscriber in violation of Section 4.3 hereof. The Issuer shall notify
Subscriber promptly of the institution, threat or assertion of any proceeding arising from or in connection with the transactions contemplated
by this Section 4 of which the Issuer is aware.

 

    16

     

    

 

4.4.2.
Subscriber agrees, severally and not jointly with any person that is a party to the Other Subscription Agreements, to indemnify
and hold harmless, to the extent permitted by law, the Issuer, its directors, officers, employees and agents and each person who controls
the Issuer (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act) against all Losses caused
by any untrue or alleged untrue statement of material fact contained in any Registration Statement, Prospectus or preliminary Prospectus
or any amendment thereof or supplement thereto or arising out of or relating to any omission or alleged omission of a material fact required
to be stated therein or necessary to make the statements therein (in the case of any, in the light of the circumstances under which they
were made) not misleading, but only to the extent that such untrue statement or omission is contained in (or not contained in, in the
case of an omission) any information or affidavit so furnished in writing by Subscriber expressly for use therein; provided, however,
that the indemnification contained in this Section 4.5 shall not apply to amounts paid in settlement of any Losses
if such settlement is effected without the consent of Subscriber (which consent shall not be unreasonably withheld, conditioned or delayed).
Notwithstanding anything to the contrary herein, in no event shall the liability of Subscriber be greater in amount than the dollar amount
of the net proceeds received by Subscriber upon the sale of the Subscribed Shares purchased pursuant to this Subscription Agreement giving
rise to such indemnification obligation.

 

4.4.3.
Any person entitled to indemnification herein shall (1) give prompt written notice to the indemnifying party of any claim
with respect to which it seeks indemnification (provided that the failure to give prompt notice shall not impair any person’s right
to indemnification hereunder to the extent such failure has not prejudiced the indemnifying party) and (2) permit such indemnifying
party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party. If such defense is assumed, the
indemnifying party shall not be subject to any liability for any settlement made by the indemnified party without its consent (but such
consent shall not be unreasonably withheld). An indemnifying party who elects not to assume the defense of a claim shall not be obligated
to pay the fees and expenses of more than one counsel for all parties indemnified by such indemnifying party with respect to such claim,
unless in the reasonable judgment of legal counsel to any indemnified party a conflict of interest exists between such indemnified party
and any other of such indemnified parties with respect to such claim. No indemnifying party shall, without the consent of the indemnified
party (which consent shall not be unreasonably withheld, conditioned or delayed), consent to the entry of any judgment or enter into any
settlement which cannot be settled in all respects by the payment of money (and such money is so paid by the indemnifying party pursuant
to the terms of such settlement) or which settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff
to such indemnified party of a release from all liability in respect to such claim or litigation.

 

    17

     

    

 

4.4.4.
The indemnification provided for under this Subscription Agreement shall remain in full force and effect regardless of any investigation
made by or on behalf of the indemnified party and shall survive the transfer of the Subscribed Shares purchased pursuant to this Subscription
Agreement.

 

4.4.5.
If the indemnification provided under this Section 4.5 from the indemnifying party is unavailable or insufficient
to hold harmless an indemnified party in respect of any Losses referred to herein, then the indemnifying party, in lieu of indemnifying
the indemnified party, shall contribute to the amount paid or payable by the indemnified party as a result of such losses, claims, damages,
liabilities and expenses in such proportion as is appropriate to reflect the relative fault of the indemnifying party and the indemnified
party, as well as any other relevant equitable considerations. The relative fault of the indemnifying party and indemnified party shall
be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of
a material fact or omission or alleged omission to state a material fact, was made by (or not made by, in the case of an omission), or
relates to information supplied by (or not supplied by, in the case of an omission), such indemnifying party or indemnified party, and
the indemnifying party’s and indemnified party’s relative intent, knowledge, access to information and opportunity to correct
or prevent such action. The amount paid or payable by a party as a result of the Losses or other liabilities referred to above shall be
deemed to include, subject to the limitations set forth above, any legal or other fees, charges or expenses reasonably incurred by such
party in connection with any investigation or proceeding. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f)
of the Securities Act) shall be entitled to contribution pursuant to this Section 4.5 from any person who was not
guilty of such fraudulent misrepresentation. In no event shall the liability of Subscriber be greater in amount than the dollar amount
of the net proceeds received by Subscriber upon the sale of the Subscribed Shares purchased pursuant to this Subscription Agreement giving
rise to such contribution obligation.

 

    18

     

    

 

5.
Termination. This Subscription Agreement shall terminate and be void and of no further force and effect, and all rights
and obligations of the parties hereunder shall terminate without any further liability on the part of any party in respect thereof, upon
the earliest to occur of (A) if the BCA has not been executed by the Issuer, the Company and the other parties named therein, on or prior
to the Subscription Outside Date, at Subscriber’s election, on or after such date, and (B) if the BCA has been executed by the Issuer,
the Company and the other parties named therein on or prior to the Subscription Outside Date, (i) such date and time as the BCA is
validly terminated in accordance with its terms, (ii) upon the mutual written agreement of each of the parties hereto to terminate
this Subscription Agreement, with the prior written consent of the Company, and (iii) at Subscriber’s election, on or after
__________________________, 2022 (the “Termination
Date”), if the Closing has not occurred by such date; provided that if any Action for specific performance or other equitable
relief by the Issuer with respect to the BCA, any other Transaction Agreement, or otherwise with respect to the Transactions is commenced
or pending on or before the Termination Date, then the Termination Date shall be automatically extended without any further action by
any party until the date that is 30 days following the date on which a final, non-appealable Governmental Order has been entered
with respect to such Action and the Termination Date shall be deemed to be such later date for all purposes of this Subscription Agreement; provided that
nothing herein will relieve any party from liability for any willful breach hereof prior to the time of termination, and each party will
be entitled to any remedies at law or in equity to recover losses, liabilities or damages arising from such breach. The Issuer shall promptly
notify Subscriber of the termination of the BCA promptly after the termination of such agreement. Upon the termination of this Subscription
Agreement in accordance with this Section 5, any monies paid by Subscriber to the Issuer in connection herewith shall
be promptly (and in any event within two (2) Business Days after such termination) returned to Subscriber.

 

6.
Miscellaneous.

 

6.1.
Further Assurances. At the Closing, the parties hereto shall execute and deliver such additional documents and take such
additional actions as the parties reasonably may deem to be practical and necessary in order to consummate the Subscription as contemplated
by this Subscription Agreement.

 

6.1.1.
Subscriber acknowledges that the Issuer and others (including the Company, as a third-party beneficiary with right of enforcement)
will rely on the acknowledgments, understandings, agreements, representations and warranties made by Subscriber contained in this Subscription
Agreement. Prior to the Closing, Subscriber agrees to promptly notify the Issuer and the Company if any of the acknowledgments, understandings,
agreements, representations and warranties made by Subscriber set forth herein are no longer accurate in all material respects. The Issuer
acknowledges that Subscriber and others will rely on the acknowledgments, understandings, agreements, representations and warranties made
by the Issuer contained in this Subscription Agreement. Prior to the Closing, the Issuer agrees to promptly notify Subscriber and the
Company if any of the acknowledgments, understandings, agreements, representations and warranties made by the Issuer set forth herein
are no longer accurate in all material respects.

 

    19

     

    

 

6.1.2.
Each of the Issuer and Subscriber, and the Company (as a third-party beneficiary with right of enforcement), is entitled to rely
upon this Subscription Agreement and is irrevocably authorized to produce this Subscription Agreement or a copy hereof to any interested
party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby.

 

6.1.3.
The Issuer may request from Subscriber such additional information as the Issuer may deem necessary to evaluate the eligibility
of Subscriber to acquire the Subscribed Shares, and Subscriber shall provide such information as may be reasonably requested, to the extent
within Subscriber’s possession and control or otherwise readily available to Subscriber, provided that the Issuer agrees to keep
confidential any such information provided by Subscriber.

 

6.1.4.
Each of Subscriber and the Issuer shall pay all of their own respective expenses in connection with this Subscription Agreement
and the transactions contemplated herein.

 

6.1.5.
Each of Subscriber and the Issuer shall take, or cause to be taken, all actions and do, or cause to be done, all things necessary,
proper or advisable to consummate the transactions contemplated by this Subscription Agreement on the terms and conditions described therein
no later than immediately prior to the consummation of the Transactions.

 

6.2.
Notices. Any notice or communication required or permitted hereunder shall be in writing and either delivered personally,
emailed or sent by overnight mail via a reputable overnight carrier, or sent by certified or registered mail, postage prepaid, and shall
be deemed to be given and received (i) when so delivered personally, (ii) when sent, with no mail undeliverable or other rejection
notice, if sent by email, or (iii) three (3) Business Days after the date of mailing to the address below or to such other address
or addresses as such person may hereafter designate by notice given hereunder:

 

		(i)	if to Subscriber, to such address or addresses set forth on the signature page hereto;

 

		(ii)	if to the Issuer, to:

 

Sports Ventures Acquisition Corp.

9705 Collins Ave 1901

Bal Harbour, FL 33154

Attention: Alan Kestenbaum, Chief Executive Officer

Email: AK@bi15.com

 

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

 

Arent Fox LLP

800 Boylston Street, 32nd Floor,

Boston, MA 02199

Attention: Tal M. Unrad; Michael Andresino

Email: tal.unrad@arentfox.com; michael.andresino@arentfox.com

 

    20

     

    

 

		(iii)	if to the Company, to:

 

Prime Focus World N.V

160 Great Portland St. Fitzrovia

London. W1W 5QA

Attention: General Counsel

Email: cpfl@dneg.com

 

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

 

Latham & Watkins LLP

10250 Constellation Blvd., Suite 1100

Los Angeles, CA 90067

Attention: Steven B. Stokdyk; Lewis W. Kneib

Email: steven.stokdyk@lw.com; lewis.kneib@lw.com

 

6.3.
Entire Agreement. This Subscription Agreement constitutes the entire agreement, and supersedes all other prior agreements,
understandings, representations and warranties, both written and oral, among the parties, with respect to the subject matter hereof, including
any commitment letter entered into relating to the subject matter hereof.

 

6.4.
Modifications and Amendments. This Subscription Agreement may not be amended, modified, supplemented or waived except by
an instrument in writing, signed by each of the parties hereto and the Company. No failure or delay of any party in exercising any right
or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment
or discontinuance of steps to enforce such right or power, or any course of conduct, preclude any other or further exercise thereof or
the exercise of any other right or power. The rights and remedies of the parties hereunder are cumulative and are not exclusive of any
rights or remedies that they would otherwise have hereunder.

 

6.5.
Assignment. Neither this Subscription Agreement nor any rights, interests or obligations that may accrue to the parties
hereunder (including Subscriber’s rights to purchase the Subscribed Shares) may be transferred or assigned without the prior written
consent of each of the other parties hereto and the Company (other than the Subscribed Shares acquired hereunder, if any, and then only
in accordance with this Subscription Agreement ); provided that Subscriber’s rights and obligations hereunder may
be assigned to any fund or account managed by the same investment manager as Subscriber, without the prior consent of the Issuer and the
Company; provided that such assignee(s) agrees in writing to be bound by the terms hereof, and upon such assignment by a Subscriber,
the assignee(s) shall become Subscriber hereunder and have the rights and obligations and be deemed to make the representations and warranties
of Subscriber provided for herein to the extent of such assignment; provided further that, no assignment
shall relieve the assigning party of any of its obligations hereunder, including any assignment to any fund or account managed by the
same investment manager as Subscriber.

 

    21

     

    

 

6.6.
Benefit. Except as otherwise provided herein, this Subscription Agreement shall be binding upon, and inure to the benefit
of the parties hereto and their heirs, executors, administrators, successors, legal representatives, and permitted assigns, and the agreements,
representations, warranties, covenants and acknowledgments contained herein shall be deemed to be made by, and be binding upon, such heirs,
executors, administrators, successors, legal representatives and permitted assigns. This Subscription Agreement shall not confer rights
or remedies upon any person other than the parties hereto and their respective successors and assigns, except as set forth in Sections
6.1.1, 6.1.2, 6.2, 6.4, 6.5 and 6.11 and that the Placement Agents shall be third-party beneficiaries
to the representations and warranties made by the Issuer and Subscriber in this Subscription Agreement.

 

6.7.
Governing Law. This Subscription Agreement, and any claim or cause of action hereunder based upon, arising out of or related
to this Subscription Agreement (whether based on law, in equity, in contract, in tort or any other theory) or the negotiation, execution,
performance or enforcement of this Subscription Agreement, shall be governed by and construed in accordance with the Laws of the State
of New York, without giving effect to the principles of conflicts of law thereof.

 

6.8.
Consent to Jurisdiction; Waiver of Jury Trial. Each of the parties irrevocably consents to the exclusive jurisdiction and
venue of the Supreme Court of the State of New York, provided that if subject matter jurisdiction over the matter that
is the subject of the legal proceeding is vested exclusively in the U.S. federal courts, such legal proceeding shall be heard in the U.S.
District Court for the Southern District of New York (together with the Supreme Court of the State of New York “Chosen Courts”),
in connection with any matter based upon or arising out of this Subscription Agreement. Each party hereby waives, and shall not assert
as a defense in any legal dispute, that (i) such person is not personally subject to the jurisdiction of the Chosen Courts for any
reason, (ii) such legal proceeding may not be brought or is not maintainable in the Chosen Courts, (iii) such person’s
property is exempt or immune from execution, (iv) such legal proceeding is brought in an inconvenient forum or (v) the venue
of such legal proceeding is improper. Each party hereby consents to service of process in any such proceeding in any manner permitted
by New York law, further consents to service of process by nationally recognized overnight courier service guaranteeing overnight delivery,
or by registered or certified mail, return receipt requested, at its address specified pursuant to Section 6.2 and
waives and covenants not to assert or plead any objection which they might otherwise have to such manner of service of process. Notwithstanding
the foregoing in this Section 6.8, a party may commence any action, claim, cause of action or suit in a court other than
the Chosen Courts solely for the purpose of enforcing an order or judgment issued by the Chosen Courts. TO THE EXTENT NOT PROHIBITED BY
APPLICABLE LAW WHICH CANNOT BE WAIVED, EACH OF THE PARTIES WAIVES ANY RIGHT TO TRIAL BY JURY ON ANY CLAIMS OR COUNTERCLAIMS ASSERTED IN
ANY LEGAL DISPUTE RELATING TO THIS SUBSCRIPTION AGREEMENT WHETHER NOW EXISTING OR HEREAFTER ARISING. IF THE SUBJECT MATTER OF ANY SUCH
LEGAL DISPUTE IS ONE IN WHICH THE WAIVER OF JURY TRIAL IS PROHIBITED, NO PARTY SHALL ASSERT IN SUCH LEGAL DISPUTE A NONCOMPULSORY COUNTERCLAIM
ARISING OUT OF OR RELATING TO THIS SUBSCRIPTION AGREEMENT. FURTHERMORE, NO PARTY SHALL SEEK TO CONSOLIDATE ANY SUCH LEGAL DISPUTE WITH
A SEPARATE ACTION OR OTHER LEGAL PROCEEDING IN WHICH A JURY TRIAL CANNOT BE WAIVED.

 

    22

     

    

 

6.9.
Severability. If any provision of this Subscription Agreement shall be invalid, illegal or unenforceable, the validity,
legality or enforceability of the remaining provisions of this Subscription Agreement shall not in any way be affected or impaired thereby
and shall continue in full force and effect.

 

6.10.  No
Waiver of Rights, Powers and Remedies. No failure or delay by a party hereto in exercising any right, power or remedy under this
Subscription Agreement, and no course of dealing between the parties hereto, shall operate as a waiver of any such right, power or
remedy of such party. No single or partial exercise of any right, power or remedy under this Subscription Agreement by a party
hereto, nor any abandonment or discontinuance of steps to enforce any such right, power or remedy, shall preclude such party from
any other or further exercise thereof or the exercise of any other right, power or remedy hereunder. The election of any remedy by a
party hereto shall not constitute a waiver of the right of such party to pursue other available remedies. No notice to or demand on
a party not expressly required under this Subscription Agreement shall entitle the party receiving such notice or demand to any
other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of the party giving such
notice or demand to any other or further action in any circumstances without such notice or demand.

 

6.11. Remedies.

 

6.11.1.  The
parties agree that irreparable damage would occur if this Subscription Agreement is not performed or the Closing is not consummated
in accordance with its specific terms or is otherwise breached and that money damages or other legal remedies would not be an
adequate remedy for any such damage. It is accordingly agreed that the parties hereto shall be entitled to equitable relief,
including in the form of an injunction or injunctions, to prevent breaches or threatened breaches of this Subscription Agreement and
to enforce specifically the terms and provisions of this Subscription Agreement in an appropriate court of competent jurisdiction as
set forth in Section 6.8, this being in addition to any other remedy to which any party is entitled at law or in
equity, including money damages. The right to specific enforcement shall include the right of the parties hereto to cause the
other parties hereto to cause the transactions contemplated hereby to be consummated on the terms and subject to the conditions and
limitations set forth in this Subscription Agreement. The parties hereto further agree (i) to waive any requirement for the
security or posting of any bond in connection with any such equitable remedy, (ii) not to assert that a remedy of specific
enforcement pursuant to this Section 6.11 is unenforceable, invalid, contrary to applicable law or inequitable
for any reason and (iii) to waive any defenses in any action for specific performance, including the defense that a remedy at
law would be adequate. The parties hereto acknowledge and agree that the Company shall be entitled to seek to specifically enforce
the provisions of the Subscription Agreement of which the Company is an express third-party beneficiary on the terms and subject to
the conditions set forth herein.

 

    23

     

    

 

6.11.2. The parties
acknowledge and agree that this Section 6.11 is an integral part of the transactions contemplated hereby and without
that right, the parties hereto would not have entered into this Subscription Agreement.

 

6.12.  Survival
of Representations and Warranties and Covenants. All representations and warranties made by the parties hereto, and all
covenants and other agreements of the parties hereto, in this Subscription Agreement shall survive the Closing. For the avoidance of
doubt, if for any reason the Closing does not occur prior to the consummation of the Transactions, all representations, warranties,
covenants and agreements of the parties hereunder shall survive the consummation of the Transactions and remain in full force and
effect.

 

6.13.  No
Broker or Finder. Each of the Issuer and Subscriber, severally and each as to itself, agrees to indemnify and hold the other
parties hereto harmless from any claim or demand for commission or other compensation by any broker, finder, financial consultant or
similar agent claiming to have been employed by or on behalf of such party and to bear the cost of legal expenses incurred in
defending against any such claim.

 

6.14.  Headings
and Captions. The headings and captions of the various subdivisions of this Subscription Agreement are for convenience of
reference only and shall in no way modify or affect the meaning or construction of any of the terms or provisions hereof.

 

6.15.   
Counterparts. This Subscription Agreement may be executed in one or more counterparts, all of which when taken together
shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered
to the other parties, it being understood that the parties need not sign the same counterpart. In the event that any signature is delivered
by facsimile transmission or any other form of electronic delivery, such signature shall create a valid and binding obligation of the
party executing (or on whose behalf such signature is executed) with the same force and effect as if such signature page were an original
thereof.

 

6.16.  Construction.
The words “include,” “includes,” and “including” will be deemed to be
followed by “without limitation.” Pronouns in masculine, feminine, and neuter genders will be construed to
include any other gender, and words in the singular form will be construed to include the plural and vice versa, unless the context
otherwise requires. The words “this Subscription Agreement,” “herein,”
“hereof,” “hereby,” “hereunder,” and words of similar import refer to this
Subscription Agreement as a whole and not to any particular subdivision unless expressly so limited. The parties hereto intend that
each representation, warranty, and covenant contained herein will have independent significance. If any party hereto has breached
any representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation,
warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity) which such party hereto
has not breached will not detract from or mitigate the fact that such party hereto is in breach of the first representation,
warranty, or covenant. All references in this Subscription Agreement to numbers of shares, per share amounts and purchase prices
shall be appropriately adjusted to reflect any stock split, stock dividend, stock combination, recapitalization or the like
occurring after the date hereof.

 

6.17.  Mutual
Drafting. This Subscription Agreement is the joint product of the parties hereto and each provision hereof has been subject to
the mutual consultation, negotiation and agreement of the parties and shall not be construed for or against any party hereto.

 

    24

     

    

 

7.
Disclosure. The Issuer shall not publicly disclose the name of Subscriber or any affiliate or investment adviser of Subscriber,
or include the name of Subscriber or any affiliate or investment adviser of Subscriber in any press release or in any filing with the
Commission or any regulatory agency or trading market, without the prior written consent (including by e-mail) of Subscriber,
except as required by the federal securities laws, rules or regulations and to the extent such disclosure is required by other laws, rules
or regulations, at the request of the staff of the Commission or regulatory agency or under regulations of Nasdaq, in which case the Issuer
shall provide Subscriber with prior written notice (including by e-mail) of such permitted disclosure, and shall reasonably
consult with Subscriber regarding such disclosure.

 

8.
Trust Account Waiver. Notwithstanding anything to the contrary set forth herein, Subscriber acknowledges that the SPAC has
established a trust account containing the proceeds of its initial public offering and from certain private placements (collectively,
with interest accrued from time to time thereon, the “Trust Account”). Subscriber agrees that (i) it has no right,
title, interest or claim of any kind in or to any monies held in the Trust Account, and (ii) it shall have no right of set-off or
any right, title, interest or claim of any kind (“Claim”) to, or to any monies in, the Trust Account, in each case
in connection with this Subscription Agreement, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that
it may have in connection with this Subscription Agreement; provided, however, that nothing in this Section 8 shall
be deemed to limit Subscriber’s right, title, interest or claim to the Trust Account by virtue of such Subscriber’s record
or beneficial ownership of securities of the SPAC, including, but not limited to, any redemption right with respect to any such securities
of the SPAC. In the event any of the Subscriber has any Claim against the SPAC under this Subscription Agreement, the Subscriber shall
pursue such Claim solely against the SPAC and its assets outside the Trust Account and not against the property or any monies in the Trust
Account. Subscriber agrees and acknowledges that such waiver is material to this Subscription Agreement and has been specifically relied
upon by the SPAC to induce the SPAC to enter into this Subscription Agreement and each of the Subscriber further intends and understands
such waiver to be valid, binding and enforceable under applicable law. In the event the Subscriber, in connection with this Subscription
Agreement, commences any action or proceeding which seeks, in whole or in part, relief against the funds held in the Trust Account or
distributions therefrom or any of the SPAC’s stockholders, whether in the form of monetary damages or injunctive relief, Subscriber
shall be obligated to pay to the SPAC all of its legal fees and costs in connection with any such action in the event that the SPAC prevails
in such action or proceeding.

 

9.
Non-Reliance. Subscriber acknowledges that it is not relying upon, and has not relied upon, any statement, representation
or warranty made by any person, firm or corporation, other than the representations and warranties of the Issuer expressly set forth in
this Subscription Agreement, in making its investment or decision to invest in the Issuer. Subscriber agrees that no other Subscriber
pursuant to this Subscription Agreement or any other agreement related to the private placement of shares of the Issuer’s capital
stock (including the controlling persons, officers, directors, partners, agents or employees of any such Subscriber) shall be liable to
any other Subscriber pursuant to this Subscription Agreement or any other agreement related to the private placement of shares of the
Issuer’s capital stock for any action heretofore or hereafter taken or omitted to be taken by any of them in connection with the
purchase of the Subscribed Shares hereunder.

 

    25

     

    

 

10.  Rule
144. From and after such time as the benefits of Rule 144 promulgated under the Securities Act or any other similar rule or
regulation of the Commission that may allow Subscriber to sell securities of the Issuer to the public without registration are
available to holders of the Issuer’s common stock and until the third anniversary of the Closing Date, the Issuer agrees
to:

 

10.1. make
and keep public information available, as those terms are understood and defined in Rule 144; and

 

10.2. file
with the Commission in a timely manner all reports and other documents required of the Issuer under the Securities Act and the Exchange
Act so long as the Issuer remains subject to such requirements and the filing of such reports and other documents is required for the
applicable provisions of Rule 144.

 

If the Subscribed Shares are
eligible to be sold without restriction under, and without the Issuer being in compliance with the current public information requirements
of, Rule 144 under the Securities Act, then at Subscriber’s request, the Issuer will cause its transfer agent to remove the applicable
restrictive legend. In connection therewith, if required by the Issuer’s transfer agent, the Issuer will promptly cause an opinion
of counsel to be delivered to and maintained with its transfer agent, together with any other authorizations, certificates and directions
required by the transfer agent that authorize and direct the transfer agent to issue such Subscribed Shares without any such legend; provided that,
notwithstanding the foregoing, Issuer will not be required to deliver any such opinion, authorization, certificate or direction if it
reasonably believes that removal of the legend could result in or facilitate transfers of securities in violation of applicable law.

 

11.  Agreements
with Respect to Tax Matters. For so long as Subscriber holds Subscribed Shares, (i) the Issuer will, not more frequently
than once a year, determine whether it reasonably believes that it is a passive foreign company (a “PFIC”) as
defined in Section 1297 of the Code with respect to the preceding taxable year and, if it determines that it is a PFIC, it will
(A) notify Subscriber of its determination within thirty (30) days of such determination and (B) use commercially
reasonable efforts to provide Subscriber all information and documents that are reasonably requested and required for Subscriber or
any of its underlying holders to make and maintain a qualified electing fund election pursuant to Section 1295 of the Code with
respect to the Issuer and any PFIC in which the Issuer holds a direct or indirect controlling interest as soon as reasonably
practicable following any request for such information by the Subscriber, and (ii) the Issuer will not make an election to be
treated as other than a corporation for U.S. federal income tax purposes.

 

[Signature Page Follows]

 

    26

     

    

 

IN WITNESS WHEREOF,
each of the Issuer and Subscriber has executed or caused this Subscription Agreement to be executed by its duly authorized representative
as of the date set forth below.

 

	SUBSCRIBER:	 
	 	 
	Signature of Subscriber:	 
	 	 
	By: 	                    	 
	Name: 		
	Title:		
	Date: 	 	, 2022	 

 

	Name of Subscriber:	 
	 	 
	(Please print. Please indicate name and capacity of person signing above)	 
	 	 
	Name in which securities are to be registered	 
	(if different from the name of Subscriber listed directly above):	 
	Email Address:	 	 
	 	 	 
	
    Subscriber’s EIN/TIN:
	
	 
	 	 	 
	Business Address-Street:	 
	 	 
	 	 
	 	 
	 	 

 

	City, State, Zip: _______________
	 
	Attn: _______________________
	 
	Telephone No.: _______________
	 
	Facsimile No.: ________________
	 
	Aggregate Number of Subscribed Shares subscribed for: __________________

 

	Aggregate Purchase Price: $	 	.

 

You must pay the Purchase Price by wire transfer
of U.S. dollars in immediately available funds, to be held in escrow until the Closing, to the account specified by the Issuer in the
Closing Notice.

 

Signature Page to

Subscription Agreement

 

     

     

    

 

Accepted and agreed this ___ day of __________, 2022.

 

	SPORTS VENTURES ACQUISITION CORP.	 
	 	 	 
	By:	              	 
	Name: 		 
	Title:		 

 

Signature Page to

Subscription Agreement

 

     

     

    

 

SCHEDULE I

ELIGIBILITY REPRESENTATIONS OF SUBSCRIBER

 

		A.	QUALIFIED INSTITUTIONAL BUYER STATUS

(Please check the applicable subparagraphs):

 

		1.	☐
We are a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933, as amended (the
“Securities Act”) (a “QIB”)).

 

		2.	☐
We are subscribing for the Subscribed Shares as a fiduciary or agent for one or more investor accounts, and each owner of such
account is a QIB.

 

*** OR ***

 

		B.	ACCREDITED INVESTOR STATUS (Please check the applicable subparagraphs):

 

		1.	☐
I am an “accredited investor” (within the meaning of Rule 501(a) under the Securities Act) or an entity in which all
of the equity holders are accredited investors within the meaning of Rule 501(a) under the Securities Act, and have marked and initialed
the appropriate box on the following page indicating the provision under which we qualify as an “accredited investor.”

 

*** AND ***

 

		C.	AFFILIATE STATUS

 

		(Please	check the applicable box) SUBSCRIBER:

 

		☐	is:

 

		☐	is not:

 

an “affiliate” (as defined in Rule 144 under
the Securities Act) of the Issuer or acting on behalf of an affiliate of the Issuer.

 

This page should be completed by Subscriber

and constitutes a part of the Subscription
Agreement.

 

 

 

Rule 501(a) under the Securities Act, in relevant part, states that
an “accredited investor” shall mean any person who comes within any of the below listed categories, or who the issuer reasonably
believes comes within any of the below listed categories, at the time of the sale of the securities to that person. Subscriber has indicated,
by marking and initialing the appropriate box below, the provision(s) below which apply to Subscriber and under which Subscriber accordingly
qualifies as an “accredited investor.”

 

		☐	Any bank as defined in section 3(a)(2) of the Securities
Act, or any savings and loan association or other institution as defined in section 3(a)(5)(A) of the Securities Act whether acting in
its individual or fiduciary capacity;

 

		☐	Any broker or dealer registered pursuant to section 15 of
the Securities Exchange Act of 1934, as amended;

 

    Schedule I-1

     

    

 

		☐	Any insurance company as defined in section 2(a)(13) of the
Securities Act;

 

		☐	Any investment company registered under the Investment Company
Act of 1940, as amended (the “Investment Company Act”) or a business development company as defined in section 2(a)(48)
of the Investment Company Act;

 

		☐	Any Small Business Investment Company licensed by the U.S.
Small Business Administration under section 301(c) or (d) of the Small Business Investment Act of 1958, as amended;

 

		☐	Any plan established and maintained by a state, its political
subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees, if such plan
has total assets in excess of $5,000,000;

 

		☐	Any employee benefit plan within the meaning of the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”), if (i) the investment decision is made by a plan
fiduciary, as defined in section 3(21) of ERISA, which is either a bank, a savings and loan association, an insurance company, or a registered
investment adviser, (ii) the employee benefit plan has total assets in excess of $5,000,000 or, (iii) such plan is a self-directed
plan, with investment decisions made solely by persons that are “accredited investors”;

 

		☐	Any private business development company as defined in section
202(a)(22) of the Investment Advisers Act of 1940, as amended;

 

		☐	Any (i) corporation, limited liability company or partnership,
(ii) Massachusetts or similar business trust, or (iii) organization described in section 501(c)(3) of the Internal Revenue
Code of 1986, as amended, not formed for the specific purpose of acquiring the securities offered, and with total assets in excess of
$5,000,000;

 

		☐	Any director, executive officer, or general partner of the
issuer of the securities being offered or sold, or any director, executive officer, or general partner of a general partner of that issuer;

 

		☐	Any natural person whose individual net worth, or joint net
worth with that person’s spouse, exceeds $1,000,000. For purposes of calculating a natural person’s net worth: (a) the
person’s primary residence shall not be included as an asset; (b) indebtedness that is secured by the person’s primary
residence, up to the estimated fair market value of the primary residence at the time of the sale of securities, shall not be included
as a liability (except that if the amount of such indebtedness outstanding at the time of sale of securities exceeds the amount outstanding
sixty (60) days before such time, other than as a result of the acquisition of the primary residence, the amount of such excess
shall be included as a liability); and (c) indebtedness that is secured by the person’s primary residence in excess of the
estimated fair market value of the primary residence at the time of the sale of securities shall be included as a liability;

 

		☐	Any natural person who had an individual income in excess
of $200,000 in each of the two most recent years or joint income with that person’s spouse in excess of $300,000 in each of those
years and has a reasonable expectation of reaching the same income level in the current year;

 

    Schedule I-2

     

    

 

		☐	Any trust, with total assets in excess of $5,000,000, not
formed for the specific purpose of acquiring the securities offered, whose purchase is directed by a sophisticated person as described
in Section 230.506(b)(2)(ii) of Regulation D; or

 

	 	☐	Any entity in which all of the equity owners are “accredited investors.”
	 	 	 
	 	☐	Any entity, of a type not previously listed, not formed for the specific purpose of acquiring the securities offered, owning investments in excess of $5,000,000
	 	 	 
	 	☐	Any natural person holding in good standing one or more professional certifications or designations or credentials from an accredited educational institution that the Commission has designated as qualifying an individual for accredited investor status. 
	 	 	 
	 	☐	Any natural person who is a “knowledgeable employee,” as defined in rule 3c-5(a)(4) under the Investment Company Act of 1940, as amended, of the issuer of the securities being offered or sold where the issuer would be an investment company, as defined in section 3 of such act, but for the exclusion provided by either section 3(c)(1) or section 3(c)(7) of such act.
	 	 	 
	 	☐	Any “family office,” as defined in rule 202(a)(11)(G)-1 under the Investment Advisers Act of 1940, as amended: (i) With assets under management in excess of $5,000,000, (ii) That is not formed for the specific purpose of acquiring the securities offered, and (iii) Whose prospective investment is directed by a person who has such knowledge and experience in financial and business matters that such family office is capable of evaluating the merits and risks of the prospective investment.
	 	 	 
	 	☐	Any “family client,” as defined in rule 202(a)(11)(G)-1 under the Investment Advisers Act of 1940, as amended, of a family office meeting the requirements specified above and whose prospective investment in the issuer is directed by such family office as specified above.

 

 

Schedule I-3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00339-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00339-of-00352.parquet"}]]