Common use of Grant of Participation Clause in Contracts

Grant of Participation. Upon receipt or deemed receipt of payment as set forth in Clause 2.2, the Grantor grants a participation over 663,480 shares of common stock of the Company and 1,800,320 warrants exercisable into shares of common stock of the Company with exercise price of US$11.5 (as may be adjusted from time to time) and otherwise identical or more advantageous (for the warrant holder) to those warrants issued in connection with the exercise of the A&R Forward Purchase Agreement as described in the Company’s proxy statement / prospectus dated November 1, 2022 (collectively, the initial “Participation Assets”, such Common Stock and warrants and the Participation Amount in respect of such which shall forthwith be recorded as Participation Assets and a Participation Amount in Schedule 1).