New Iceland Arctic Acquisition Corp. Sample Contracts

PRIVATE PLACEMENT UNIT PURCHASE AGREEMENT
Private Placement Unit Purchase Agreement • September 4th, 2026 • New Iceland Arctic Acquisition Corp. • Blank checks • New York

This PRIVATE PLACEMENT UNIT PURCHASE AGREEMENT (this “Agreement”) is made as of the [●] day of [●] 2026, by and between New Iceland Arctic Acquisition Corp., a Cayman Islands exempted company (the “Company”), having its principal place of business at 1300 Jackson Street, Suite 100, Golden, CO 80401, and New Iceland Arctic Acquisition Sponsor LLC, a Cayman Islands limited liability company (the “Purchaser”).

NEW ICELAND ARCTIC ACQUISITION CORP. c/o Walkers Corporate Limited George Town, Grand Cayman KY1-9008 Cayman Islands
Securities Subscription Agreement • September 4th, 2026 • New Iceland Arctic Acquisition Corp. • Blank checks • Delaware

New Iceland Arctic Acquisition Corp., a Cayman Islands exempted company (the “Company”), is pleased to accept the offer New Iceland Arctic Acquisition Sponsor LLC, a Cayman Islands limited liability company (the “Subscriber” or “you”), has made to subscribe for 3,593,750 Class B ordinary shares of the Company, $0.0001 par value per share (“Class B Ordinary Shares”, or each a “Share” and together, the “Shares”), up to 468,750 of which are subject to forfeiture by you if the underwriters of the Company’s initial public offering (“IPO”) of units (“Units”) do not fully exercise their over-allotment option (the “Over-allotment Option”). For the purposes of this Agreement, references to “Ordinary Shares” are to, collectively, the Class B Ordinary Shares and the Company’s Class A ordinary shares, $0.0001 par value per share (“Class A Ordinary Shares”). Pursuant to the Company’s memorandum and articles of association (as may be amended, the “Articles”), such Class B Ordinary Shares will conver

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • September 4th, 2026 • New Iceland Arctic Acquisition Corp. • Blank checks • Delaware

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is entered into as of the [●]th day of [●], 2026, by and among New Iceland Arctic Acquisition Corp., a Cayman Islands exempted company (the “Company”), New Iceland Arctic Acquisition Sponsor LLC, a Cayman Islands limited liability company (the “Sponsor”), Chardan Capital Markets, LLC (“Chardan”), and the undersigned parties listed under Investors on the signature page hereto (each, a “Holder” and collectively, the “Holders”).

WARRANT AGREEMENT
Warrant Agreement • September 4th, 2026 • New Iceland Arctic Acquisition Corp. • Blank checks • New York

This Warrant Agreement is made as of [●], 2026 between New Iceland Arctic Acquisition Corp., a Cayman Islands exempted company, with offices at 1300 Jackson Street, Suite 100, Golden, CO 80401 (the “Company”), and Continental Stock Transfer & Trust Company, a New York corporation, with offices at 1 State Street, 30th Floor, New York, NY 10004 (the “Warrant Agent”).

12,500,000 Units New Iceland Arctic Acquisition Corp. UNDERWRITING AGREEMENT
Underwriting Agreement • September 4th, 2026 • New Iceland Arctic Acquisition Corp. • Blank checks • New York
RIGHTS AGREEMENT
Rights Agreement • September 4th, 2026 • New Iceland Arctic Acquisition Corp. • Blank checks • New York

This Rights Agreement (this “Agreement”) is made as of [●], 2026 between New Iceland Arctic Acquisition Corp., a Cayman Islands exempted company, with offices at 1300 Jackson Street, Suite 100, Golden, CO 80401 (the “Company”), and Continental Stock Transfer & Trust Company, a New York corporation, with offices at 1 State Street, 30th Floor, New York, New York 10004 (the “Rights Agent”).

INDEMNIFICATION AGREEMENT NEW ICELAND ARCTIC ACQUISITION CORP.
Indemnification Agreement • September 4th, 2026 • New Iceland Arctic Acquisition Corp. • Blank checks

This Agreement is made and entered into as of ________, 2026 between New Iceland Arctic Acquisition Corp., a Cayman Islands exempted company (the “Company”), and __________________ as a director of the Company (“Director”).

New Iceland Arctic Acquisition Corp. Golden, CO 80401
Underwriting Agreement • September 4th, 2026 • New Iceland Arctic Acquisition Corp. • Blank checks

This letter (this “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between New Iceland Arctic Acquisition Corp., a Cayman Islands exempted company (the “Company”), and Chardan Capital Markets, LLC (the “Underwriter”), relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), each comprised of one Class A ordinary share, par value $0.0001 per share, of the Company (each an “Ordinary Share”), one-half of one redeemable warrant to purchase one Ordinary Share (each whole warrant, a “Warrant”), and one right to receive one-fifth of one Class A ordinary share upon the consummation of the Company’s initial Business Combination (each, a “Right”). Each Warrant entitles the holder thereof to purchase one Ordinary Share at a price of $11.50 per share, subject to adjustment. The Units will be sold in the IPO pursuant to a registration statement on Form S-1 and a

INVESTMENT MANAGEMENT TRUST AGREEMENT
Investment Management Trust Agreement • September 4th, 2026 • New Iceland Arctic Acquisition Corp. • Blank checks

This Investment Management Trust Agreement (this “Agreement”) is made effective as of __________, 2026 by and between New Iceland Arctic Acquisition Corp., a Cayman Islands exempted company (the “Company”), and Continental Stock Transfer & Trust Company, a New York corporation (the “Trustee”).

New Iceland Arctic Acquisition Corp. Golden, CO 80401
Underwriting Agreement • September 16th, 2026 • New Iceland Arctic Acquisition Corp. • Blank checks

This letter (this “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between New Iceland Arctic Acquisition Corp., a Cayman Islands exempted company (the “Company”), and Chardan Capital Markets, LLC (the “Underwriter”), relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), each comprised of one Class A ordinary share, par value $0.0001 per share, of the Company (each an “Ordinary Share”), one-half of one redeemable warrant to purchase one Ordinary Share (each whole warrant, a “Warrant”), and one right to receive one-fifth of one Class A ordinary share upon the consummation of the Company’s initial Business Combination (each, a “Right”). Each Warrant entitles the holder thereof to purchase one Ordinary Share at a price of $11.50 per share, subject to adjustment. The Units will be sold in the IPO pursuant to a registration statement on Form S-1 and a