Form 8-K
8-K — FutureCorp Space Acquisition 1
Accession: 0001213900-26-066503
Filed: 2026-06-09
Period: 2026-06-04
CIK: 0002131853
SIC: 6770 (BLANK CHECKS)
Item: Entry into a Material Definitive Agreement
Item: Unregistered Sales of Equity Securities
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item: Other Events
Item: Financial Statements and Exhibits
Documents
8-K — ea0294007-8k_future1.htm (Primary)
EX-1.1 — UNDERWRITING AGREEMENT, DATED JUNE 4, 2026, BY AND BETWEEN THE COMPANY AND CANTOR FITZGERALD & CO., AS REPRESENTATIVE OF THE SEVERAL UNDERWRITERS (ea029400701ex1-1.htm)
EX-4.1 — WARRANT AGREEMENT, DATED JUNE 4, 2026, BY AND BETWEEN THE COMPANY AND CONTINENTAL STOCK TRANSFER & TRUST COMPANY, AS WARRANT AGENT (ea029400701ex4-1.htm)
EX-10.1 — INVESTMENT MANAGEMENT TRUST AGREEMENT, JUNE 4, 2026, BY AND BETWEEN THE COMPANY AND CONTINENTAL STOCK TRANSFER & TRUST COMPANY, AS TRUSTEE (ea029400701ex10-1.htm)
EX-10.2 — REGISTRATION RIGHTS AGREEMENT, DATED JUNE 4, 2026, BY AND AMONG THE COMPANY AND CERTAIN SECURITY HOLDERS (ea029400701ex10-2.htm)
EX-10.3 — SPONSOR PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT, DATED JUNE 4, 2026, BY AND BETWEEN THE COMPANY AND THE SPONSOR (ea029400701ex10-3.htm)
EX-10.4 — CANTOR PRIVATE PLACEMENT UNITS PURCHASE AGREEMENT, DATED JUNE 4, 2026, BY AND BETWEEN THE COMPANY AND CANTOR FITZGERALD & CO (ea029400701ex10-4.htm)
EX-10.5 — LETTER AGREEMENT, DATED JUNE 4, 2026, BY AND AMONG THE COMPANY, ITS OFFICERS, DIRECTORS, AND THE SPONSOR (ea029400701ex10-5.htm)
EX-10.7 — ADMINISTRATIVE SERVICES AGREEMENT, DATED JUNE 4, 2026, BY AND BETWEEN THE COMPANY AND FUTURECORP SPACE ACQUISITION 1 LLC (ea029400701ex10-7.htm)
EX-99.1 — PRESS RELEASE, DATED JUNE 4, 2026 (ea029400701ex99-1.htm)
EX-99.2 — PRESS RELEASE, DATED JUNE 8, 2026 (ea029400701ex99-2.htm)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K — CURRENT REPORT
8-K (Primary)
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2026-06-04
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2026-06-04
2026-06-04
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2026-06-04
2026-06-04
0002131853
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2026-06-04
2026-06-04
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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): June 4, 2026
FutureCorp Space Acquisition 1
(Exact name of registrant as specified in its charter)
Cayman Islands
001-43330
98-1935958
(State
or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS
Employer
Identification No.)
8605 Santa Monica Blvd.
#54207
Los
Angeles, California 90069
(Address of principal executive offices, including zip code)
Registrant’s
telephone number, including area code: (213) 524-9594
Not
Applicable
(Former name or former address, if changed since last report)
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
FTRAU
The New York Stock Exchange LLC
Class A ordinary shares, par value $0.0001 per share
FTRA
The New York Stock Exchange LLC
Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share
FTRAUW
The New York Stock Exchange LLC
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01.
Entry into a Material Definitive Agreement.
On
June 4, 2026, FutureCorp Space Acquisition 1 (the “Company”) consummated its initial public offering (“IPO”)
of 23,000,000 units (the “Units”), including 3,000,000 Units issued pursuant to the exercise in full by the underwriters
of their over-allotment option. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $230,000,000.
Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share (the “Class A Ordinary Shares”),
and one-half of one redeemable warrant of the Company (each, a “Warrant”), with each whole Warrant entitling the holder
thereof to purchase one Class A Ordinary Share for $11.50 per share.
In
connection with the IPO, the Company entered into the following agreements, forms of which were previously filed as exhibits to the Company’s
Registration Statement on Form S-1 (File No. 333-296040) for the IPO, initially filed with the U.S. Securities and Exchange Commission
(the “Commission”) on May 20, 2026, as amended (the “Registration Statement”):
●
An
Underwriting Agreement, dated June 4, 2026, by and between the Company and Cantor Fitzgerald & Co., as representative of the
several underwriters (the “Representative”), a copy of which is attached as Exhibit 1.1 hereto and incorporated
herein by reference.
●
A
Warrant Agreement, dated June 4, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as warrant
agent, a copy of which is attached as Exhibit 4.1 hereto and incorporated herein by reference.
●
An
Investment Management Trust Agreement, dated June 4, 2026, by and between the Company and Continental Stock Transfer & Trust
Company, as trustee, a copy of which is attached as Exhibit 10.1 hereto and incorporated herein by reference.
●
A
Registration Rights Agreement, dated June 4, 2026, by and among the Company and certain security holders, a copy of which is attached
as Exhibit 10.2 hereto and incorporated herein by reference.
●
A
Private Placement Warrants Purchase Agreement, dated June 4, 2026 (the “Sponsor Private Placement Warrants Purchase Agreement”),
by and between the Company and FutureCorp Space Acquisition 1 LLC, a Delaware limited liability company (the “Sponsor”),
a copy of which is attached as Exhibit 10.3 hereto and incorporated herein by reference.
●
A
Private Placement Warrants Purchase Agreement, dated June 4, 2026 (the “Cantor Private Placement Warrants Purchase Agreement”),
by and between the Company and Cantor Fitzgerald & Co., a copy of which is attached as Exhibit 10.4 hereto and incorporated herein
by reference.
●
A
Letter Agreement, dated June 4, 2026 (the “Letter Agreement”), by and among the Company, its officers, its directors
and the Sponsor, a copy of which is attached as Exhibit 10.5 hereto and incorporated herein by reference.
●
Indemnity
Agreements, dated June 4, 2026, by and among the Company and each Director (as defined below) and executive officer of the Company,
a form of which is attached as Exhibit 10.6 hereto and incorporated herein by reference.
●
An
Administrative Services Agreement, dated June 4, 2026 (the “Administrative Services Agreement”), by and between
the Company and FutureCorp Space Acquisition 1 LLC, a copy of which is attached as Exhibit 10.7 hereto and incorporated herein by
reference.
The
material terms of such agreements are fully described in the Company’s final prospectus, dated June 4, 2026, as filed with the
Commission on June 5, 2026 (the “Prospectus”) and are incorporated herein by reference.
1
Item 3.02.
Unregistered Sales of Equity Securities.
Simultaneously
with the closing of the IPO, pursuant to the Sponsor Private Placement Warrants Purchase Agreement and the Cantor Private Placement Warrants
Purchase Agreement, the Company completed the private sale of an aggregate of 6,000,000 warrants (the “Private Placement Warrants”)
to the Sponsor and the Representative, with each Private Placement Warrant exercisable to purchase one Class A ordinary share at $11.50
per share, at a price of $1.00 per Private Placement Warrant, or $6,000,000 in the aggregate. Of the 6,000,000 Private Placement Warrants,
the Sponsor purchased 4,000,000 Private Placement Warrants and the Representative purchased 2,000,000 Private Placement Warrants. The
Private Placement Warrants (and underlying securities) are identical to the warrants included in the Units sold in the IPO, except as
otherwise disclosed in the Registration Statement. No underwriting discounts or commissions were paid with respect to such sale. The
issuance of the Private Placement Warrants was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities
Act.
Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On
June 4, 2026, in connection with the IPO, David J. Anderman, Shawn K. Pelsinger and John R. Tuttle were appointed to the board of directors
of the Company (the “Board”) (collectively with Sudhin R. Shahani and Joshua B. Marks, the “Directors”).
David J. Anderman, Shawn K. Pelsinger and John R. Tuttle are independent directors. Effective June 4, 2026, Messrs. Tuttle, Pelsinger
and Anderman were appointed to the Board’s Audit Committee, with Mr. Tuttle serving as chair of the Audit Committee. Effective
June 4, 2026, Messrs. Anderman and Pelsinger were appointed to the Board’s Compensation Committee, with Mr. Anderman serving as
chair of the Compensation Committee. Effective June 4, 2026, Messrs. Tuttle, Pelsinger and Anderman were appointed to the Board’s
Nominating and Corporate Governance Committee, with Mr. Anderman serving as chair of the Nominating and Corporate Governance Committee.
Following
the appointment of the Directors, the Board is comprised of three classes. The term of office of the first class of directors, Class
I, consisting of Sudhin R. Shahani and Joshua B. Marks, will expire at the Company’s first annual general meeting. The term of
office of the second class of directors, Class II, consisting of Shawn K. Pelsinger, will expire at the Company’s second annual
general meeting. The term of office of the third class of directors, Class III, consisting of John R. Tuttle and David J. Anderman, will
expire at the Company’s third annual general meeting.
On
June 4, 2026, in connection with their appointments to the Board, each of the Directors entered into the Letter Agreement as well as
an indemnity agreement with the Company in the form previously filed as Exhibit 10.6 to the Registration Statement. Other than the foregoing,
none of the directors are party to any arrangement or understanding with any person pursuant to which they were appointed as directors,
nor are they party to any transactions required to be disclosed under Item 404(a) of Regulation S-K involving the Company.
The
foregoing descriptions of the Letter Agreement and the form of indemnity agreement do not purport to be complete and are qualified in
their entireties by reference to the Letter Agreement and the form of indemnity agreement, copies of which are attached as Exhibit 10.5
and 10.6 hereto, respectively, and are incorporated herein by reference.
Item 5.03.
Amendments to Certificate of Incorporation or Bylaws; Change in Fiscal Year.
On
June 4, 2026, in connection with the IPO, the Company’s amended and restated memorandum and articles of association (the “Amended
and Restated Memorandum and Articles of Association”), filed with the Cayman Islands Registrar of Companies, became effective.
The terms of the Amended and Restated Memorandum and Articles of Association are set forth in the Registration Statement and are incorporated
herein by reference. The description of the Amended and Restated Memorandum and Articles of Association does not purport to be complete
and is qualified in its entirety by reference to the Amended and Restated Memorandum and Articles of Association, a copy of which is
attached as Exhibit 3.1 hereto and incorporated herein by reference.
2
Item 8.01.
Other Events.
A
total of $230,000,000 of the proceeds from the IPO (which amount includes $9,800,000 of the underwriters’ deferred discount) and
the sale of the Private Placement Warrants, was placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust
Company, acting as trustee. Except with respect to interest earned on the funds in the trust account that may be released to the Company
to pay its taxes and for winding up and dissolution expenses, the funds held in the trust account will not be released from the trust
account until the earliest of (i) the completion of the Company’s initial business combination, (ii) the redemption of the Company’s
public shares if it is unable to complete its initial business combination within 24 months from the closing of the IPO (or by such earlier
liquidation date as the Company’s board of directors may approve), subject to applicable law, and (iii) the redemption of the Company’s
public shares properly submitted in connection with a shareholder vote to amend the Company’s Amended and Restated Memorandum and
Articles of Association to modify the substance or timing of its obligation to redeem 100% of the Company’s public shares if it
has not consummated an initial business combination within 24 months from the closing of the IPO or with respect to any other material
provisions relating to shareholders’ rights or pre-initial business combination activity.
On
June 4, 2026, the Company issued a press release announcing the pricing of the IPO, a copy of which is attached as Exhibit 99.1 to this
Current Report on Form 8-K.
On
June 8, 2026, the Company issued a press release announcing the closing of the IPO, a copy of which is attached as Exhibit 99.2 to this
Current Report on Form 8-K.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits
The
following exhibits are being filed herewith:
Exhibit
No.
Description
1.1
Underwriting Agreement, dated June 4, 2026, by and between the Company and Cantor Fitzgerald & Co., as representative of the several underwriters.
3.1
Amended and Restated Memorandum and Articles of Association of the Company (incorporated herein by reference to Exhibit 3.1 to the Registration Statement on Form S-1 (File No. 333-296040), filed by the Company on May 20, 2026).
4.1
Warrant Agreement, dated June 4, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent.
10.1
Investment Management Trust Agreement, June 4, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as trustee.
10.2
Registration Rights Agreement, dated June 4, 2026, by and among the Company and certain security holders.
10.3
Sponsor Private Placement Warrants Purchase Agreement, dated June 4, 2026, by and between the Company and the Sponsor.
10.4
Cantor Private Placement Units Purchase Agreement, dated June 4, 2026, by and between the Company and Cantor Fitzgerald & Co.
10.5
Letter Agreement, dated June 4, 2026, by and among the Company, its officers, directors, and the Sponsor.
10.6
Form of Indemnity Agreement (incorporated herein by reference to Exhibit 10.6 to the Registration Statement on Form S-1 (File No. 333-296040), filed by the Company on May 20, 2026).
10.7
Administrative Services Agreement, dated June 4, 2026, by and between the Company and FutureCorp Space Acquisition 1 LLC.
99.1
Press Release, dated June 4, 2026.
99.2
Press Release, dated June 8, 2026.
104
Cover
Page Interactive Data File (embedded within the Inline XBRL document).
3
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
FUTURECORP
SPACE ACQUISITION 1
By:
/s/
Joshua Marks
Name:
Joshua
Marks
Title:
Chief Executive Officer and
Chief Financial Officer
Dated:
June 9, 2026
4
EX-1.1 — UNDERWRITING AGREEMENT, DATED JUNE 4, 2026, BY AND BETWEEN THE COMPANY AND CANTOR FITZGERALD & CO., AS REPRESENTATIVE OF THE SEVERAL UNDERWRITERS
EX-1.1
Filename: ea029400701ex1-1.htm · Sequence: 2
Exhibit 1.1
UNDERWRITING AGREEMENT
between
FUTURECORP SPACE ACQUISITION 1
and
CANTOR FITZGERALD & CO.
Dated: June 4, 2026
FUTURECORP SPACE ACQUISITION 1
UNDERWRITING AGREEMENT
New York, New York
June 4, 2026
Cantor Fitzgerald & Co.
110 East 59th Street
New York, New York 10022
As Representative of the Several Underwriters
named on Schedule A hereto
Ladies and Gentlemen:
The undersigned, FutureCorp
Space Acquisition 1, a Cayman Islands exempted company (the “Company”), hereby confirms its agreement with Cantor Fitzgerald
& Co. (“Cantor” or the “Representative”) and with the other underwriters named on Schedule A
hereto (if any), for which the Representative is acting as representative (the Representative and such other underwriters being collectively
referred to herein as the “Underwriters” or, each underwriter individually, an “Underwriter,” provided
that, if only Cantor is listed on such Schedule A, any references to Underwriters shall refer exclusively to Cantor)
as follows:
1.
Purchase and Sale of Securities.
1.1
Firm Securities.
1.1.1
Purchase of Firm Units. On the basis of the representations and warranties contained herein, but subject to the terms and
conditions set forth herein, the Company agrees to issue and sell to the several Underwriters, severally and not jointly, and the Underwriters
agree to purchase from the Company, severally and not jointly, an aggregate of 20,000,000 units (the “Firm Units”)
of the Company, as set forth opposite the respective names of the Underwriters on Schedule A hereto, at a purchase
price (net of discounts and commissions and the Deferred Underwriting Commission described in Section 1.3 below) of $9.40
per Firm Unit. The Firm Units are to be offered initially to the public (the “Offering”) at the offering price of $10.00
per Firm Unit. Each Firm Unit consists of one (1) Class A ordinary share, $0.0001 par value per share (“Ordinary Share”),
of the Company (the “Public Shares”), and one-half of one (1) redeemable warrant (the “Public Warrants”).
The Public Shares and the Public Warrants included in the Firm Units will trade separately on the fifty-second (52nd) day following the
date hereof (or if such date is not a Business Day (as defined in Section 1.1.2), the following Business Day) unless the Representative
determines to allow earlier separate trading. Notwithstanding the immediately preceding sentence, in no event will the Public Shares and
the Public Warrants included in the Firm Units trade separately until (i) the Company has filed with the Securities and Exchange Commission
(the “Commission”) a Current Report on Form 8-K that includes an audited balance sheet reflecting the Company’s
receipt of the proceeds of the Offering and the Private Placement (as defined in Section 1.4.2) and updated financial information
with respect to any proceeds the Company receives from the exercise of the Over-allotment Option (defined below) if such option is exercised
prior to the filing of the Form 8-K, and (ii) the Company has issued a press release announcing when such separate trading will begin.
Each whole Warrant (as defined in Section 1.4.2) entitles its holder to purchase one (1) Ordinary Share for $11.50 per share,
subject to adjustment, at any time commencing thirty (30) days after the consummation by the Company of a merger, amalgamation, share
exchange, asset acquisition, share purchase, reorganization, or similar business combination involving the Company with one (1) or more
businesses or entities (the “Business Combination”), and expiring on the five (5) year anniversary of the consummation
by the Company of its initial Business Combination (such consummation, the “Business Combination Closing”), or earlier
upon redemption of the Public Shares or liquidation of the Company.
1.1.2 Payment and
Delivery. Delivery and payment for the Firm Units shall be made at 10:00 a.m., New York City time, on the first
(1st) Business Day (as defined below) following the commencement of trading of the Units, or at such earlier time as
shall be agreed upon by the Representative and the Company, at the offices of Ellenoff Grossman & Schole LLP, counsel to the
Underwriters (“EGS”), or at such other place as shall be agreed upon by the Representative and the Company. The
hour and date of delivery and payment for the Firm Units is called the “Closing Date.” Payment for the Firm Units
shall be made on the Closing Date by wire transfer in Federal (same day) funds, payable as follows: $200,000,000 of the proceeds
received by the Company for the Firm Units and the sale of the Placement Warrants (as defined in Section 1.4.2) shall be
deposited in the trust account (the “Trust Account”) established by the Company for the benefit of the Public
Shareholders (as defined below), as described in the Registration Statement (as defined in Section 2.1.1) pursuant to
the terms of an Investment Management Trust Agreement (the “Trust Agreement”) between the Company and Continental
Stock Transfer & Trust Company (“CST”). The funds deposited in the Trust Account shall include an aggregate
of $8,000,000 ($0.40 per Firm Unit), payable to the Representative, for its own account, as Deferred Underwriting Commission, in
accordance with Section 1.3 hereof. The remaining proceeds received by the Company for the Firm Units (less commissions
and actual expense payments or other fees payable pursuant to this Agreement), if any, shall be paid to the order of the Company
upon delivery to the Representative of certificates (in form and substance satisfactory to the Representative) representing the Firm
Units (or through the facilities of The Depository Trust Company (“DTC”)) for the account of the Underwriters.
The Firm Units shall be registered in such name or names and in such authorized denominations as the Representative may request in
writing at least two (2) full Business Days prior to the Closing Date. If delivery is not made through the facilities of DTC, the
Company will permit the Representative to examine and package the Firm Units for delivery, at least one (1) full Business Day prior
to the Closing Date. The Company shall not be obligated to sell or deliver any of the Firm Units except upon tender of payment by
the Representative for all the Firm Units. As used herein, the term “Public Shareholders” means the holders of
Public Shares sold as part of the Units (as defined in Section 1.2.1) in the Offering or acquired in the aftermarket,
including the Sponsor (as defined below) and any officer or director of the Company, to the extent, he, she or it acquires such
Ordinary Shares in the aftermarket (and solely with respect to such Ordinary Shares). “Business Day” means any
day other than a Saturday, a Sunday, or other day on which commercial banks in The City of New York are authorized or required
by law to remain closed; provided, however, that for clarification, commercial banks shall not be deemed to be authorized or
required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential
employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any
governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The
City of New York are generally open for use by customers on such day.
1.2
Over-Allotment Option.
1.2.1
Option Units. The Representative is hereby granted an option (the “Over-allotment Option”) to purchase
up to an additional 3,000,000 units (the “Option Units”), the net proceeds of which will be deposited in the Trust
Account, solely for the purposes of covering any over-allotments, if any, in connection with the distribution and sale of the Firm Units.
Such Option Units shall be identical in all respects to the Firm Units. Such Option Units shall, at the Representative’s election,
be purchased for each account of the several Underwriters in the same proportion as the number of Firm Units, set forth opposite such
Underwriter’s name on Schedule A hereto, bears to the total number of Firm Units (subject to adjustment by the Representative
to eliminate fractions). The Firm Units and the Option Units are hereinafter collectively referred to as the “Units,”
and the Units, the Public Shares, the Public Warrants included in the Units, and the Ordinary Shares issuable upon exercise of the Public
Warrants are hereinafter referred to collectively as the “Public Securities.” No Option Units shall be sold or delivered
unless the Firm Units previously have been, or simultaneously are, sold and delivered. The right to purchase the Option Units, or any
portion thereof, may be exercised from time to time and to the extent not previously exercised may be surrendered and terminated at any
time upon notice by the Representative to the Company. The purchase price to be paid for each Option Unit will be the same price per Firm
Unit set forth in Section 1.1.1 hereof.
1.2.2 Exercise of
Option. The Over-allotment Option granted pursuant to Section 1.2.1 hereof may be exercised by the Representative as
to all (at any time) or any part (from time to time) of the Option Units within forty-five (45) days after the effective date
(“Effective Date”) of the Registration Statement (as defined in Section 2.1.1 hereof). The
Underwriters will not be under any obligation to purchase any Option Units prior to the exercise of the Over-allotment Option. The
Over-allotment Option granted hereby may be exercised by the giving of oral or written notice to the Company by the Representative,
which must be confirmed in accordance with Section 9.1 herein setting forth the number of Option Units to be purchased
and the date and time for delivery of and payment for the Option Units (the “Option Closing Date”), which will
not be later than five (5) full Business Days after the date of the notice or such other time and in such other manner as shall be
agreed upon by the Company and the Representative, at the offices of EGS or at such other place (including remotely by facsimile or
other electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the
Option Units does not occur on the Closing Date, the Option Closing Date will be as set forth in the notice. Upon exercise of the
Over-allotment Option, the Company will become obligated to convey to the Underwriters, and, subject to the terms and conditions set
forth herein, the Underwriters will become obligated to purchase, the number of Option Units specified in such notice.
2
1.2.3
Payment and Delivery. Payment for the Option Units shall be made on the Option Closing Date by wire transfer in Federal
(same day) funds, payable as follows: $10.00 per Option Unit shall be deposited in the Trust Account pursuant to the Trust Agreement upon
delivery to the Representative of certificates (in form and substance satisfactory to the Representative) representing the Option Units
(or through the facilities of DTC) for the account of the Representative. The amount of the payments for the Option Units to be deposited
in the Trust Account will include $0.60 per Option Unit (up to $1,800,000), payable to the Representative, for its own account, as Deferred
Underwriting Commission, in accordance with Section 1.3 hereof. The certificates representing the Option Units to be delivered
will be in such denominations and registered in such names as the Representative requests in writing not less than two (2) full Business
Days prior to the Closing Date or the Option Closing Date, as the case may be, and will be made available to the Representative for inspection,
checking and packaging at the aforesaid office of the Company’s transfer agent or correspondent not less than one (1) full Business
Day prior to such Closing Date. The Company shall not be obligated to sell or deliver the Option Units except upon tender of payment by
the Representative for applicable Option Units.
1.3
Deferred Underwriting Commission. The Representative agrees that 4.0% of the gross proceeds from the sale of the Firm Units
($8,000,000) and 6.0% of the gross proceeds from the sale of the Option Units (up to $1,800,000) (collectively, the “Deferred
Underwriting Commission”) will be deposited and held in the Trust Account and payable directly from the Trust Account, without
accrued interest, to the Representative for its own account upon the occurrence of a Business Combination Closing. The Trust Agreement
shall provide that the trustee is required to obtain a joint written instruction signed by both the Company and the Representative with
respect to the transfer of the funds held in the Trust Account, including the payment of the Deferred Underwriting Commission from the
Trust Account, prior to commencing any liquidation of the assets of the Trust Account in connection with the consummation of any Business
Combination, and such provision of the Trust Agreement shall not be permitted to be amended without the prior written consent of the Representative.
In the event that the Company is unable to consummate a Business Combination and CST, as the trustee of the Trust Account (in this context,
the “Trustee”), commences liquidation of the Trust Account as provided in the Trust Agreement, the Representative agrees
that: (i) the Underwriters shall forfeit any rights or claims to the Deferred Underwriting Commission, including any accrued interest
thereon; and (ii) the Deferred Underwriting Commission, together with all other amounts on deposit in the Trust Account, shall be
distributed on a pro-rata basis among the Public Shareholders. The Representative shall have the right to agree to any further modifications
to the Deferred Underwriting Commission on behalf of the Underwriters and any decisions relating to such modifications shall be made exclusively
by the Representative on behalf of the Underwriters. Any amounts paid in Deferred Underwriting Commission will be fully earned by each
Underwriter upon the payment of the purchase price for the Units purchased by such Underwriter on the closing of this Offering (including
payment of the purchase price of any Option Units) and will be paid if and when the Company consummates its Business Combination, and
for the avoidance of doubt, no Underwriter shall have any obligations hereunder to provide any services in connection with an initial
Business Combination, without any further conditions. Notwithstanding anything to the contrary in this Agreement, each Underwriter may
at any time prior to the Business Combination Closing and in its sole and absolute discretion, by written notice to the Company, elect
to forfeit any right or claim to its Deferred Underwriting Commission, in which case the Company and the Representative agree to instruct
the Trustee not to pay such Underwriter its Deferred Underwriting Commission upon the occurrence of a Business Combination Closing. For
the avoidance of doubt, any such election by an Underwriter shall be without prejudice to any right or claim of any other Underwriter
to its respective portion of the Deferred Underwriting Commission or to any other right such Underwriter may have under this Agreement.
3
1.4
Private Placements.
1.4.1 Founder
Shares. On March 31, 2026, the Company’s sponsor, FutureCorp Space Acquisition 1 LLC (formerly known as Pubco Space
Acquisition 1 LLC) (the “Sponsor”) in a private placement exempt from registration under Section 4(a)(2) of the
Securities Act of 1933, as amended (the “Act”), paid $25,000 to cover certain expenses on behalf of the Company
in exchange for the issuance of an aggregate of 5,750,000 Class B ordinary shares, par value $0.0001 per share (the
“Founder Shares”), in a private placement exempt from registration under Section 4(a)(2) of the Securities Act of
1933, as amended (the “Act”). No underwriting discounts, commissions or placement fees have been or will be
payable in connection with the purchase of Founder Shares. Except as described in the Registration Statement, none of the Founder
Shares may be sold, assigned or transferred by the Sponsor or the Company’s officers or directors until the earlier to occur
of: (A) one (1) year after the completion of the initial Business Combination and (B) subsequent to the Company’s
Business Combination, (x) if the last reported sale price of the Ordinary Shares equals or exceeds $12.00 per share (as
adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) for any twenty (20)
trading days within any 30-trading day period commencing at least one hundred and fifty (150) days after the initial Business
Combination or (y) the date on which the Company completes a liquidation, merger, share exchange or other similar transaction
that results in all of the Public Shareholders having the right to exchange their Ordinary Shares for cash, securities or other
property. The holders of Founder Shares shall have no right to any liquidating distributions with respect to any portion of the
Founder Shares in the event the Company fails to consummate a Business Combination. The holders of the Founder Shares shall not have
redemption rights with respect to the Founder Shares. In the event that the Over-allotment Option is not exercised in full, the
Sponsor will be required to forfeit such number of Founder Shares (up to 750,000 Founder Shares) such that the Founder Shares then
outstanding will comprise 20.0% of the issued and outstanding ordinary shares of the Company after giving effect to the Offering and
exercise, if any, of the Over-allotment Option.
1.4.2
Private Placement. Simultaneously with the Closing Date, (i) the Sponsor will purchase from the Company, pursuant to the
Sponsor Purchase Agreement (as defined in Section 2.21.2 hereof), 4,000,000 private placement warrants (whether or not the
Over-allotment Option is then-exercised in full in accordance with Section 1.2), which private placement warrants are substantially
identical to the Public Warrants subject to certain exceptions described in Section 1.4.3 (the “Placement Warrants”,
and together with the Public Warrants, the “Warrants”), and (ii) the Representative will purchase from the Company,
pursuant to the Representative Purchase Agreement (as defined in Section 2.21.3 hereof), an aggregate of 2,000,000 Placement
Warrants (whether or not the Over-allotment Option is then-exercised in full in accordance with Section 1.2), each at a purchase
price of $1.00 per Placement Warrant, in a private placement intended to be exempt from registration under the Act pursuant to Section 4(a)(2)
of the Act. The private placement of the Placement Warrants to the Sponsor and the Representative is referred to herein as the “Private
Placement.” None of the Placement Warrants (or the underlying Ordinary Shares) may be sold, assigned or transferred by the Sponsor
or the Representative, other than to their permitted transferees until thirty (30) days after consummation of a Business Combination.
Certain proceeds from the sale of the Placement Warrants shall be deposited into the Trust Account. The Representative acknowledges and
agrees that the Placement Warrants and the underlying Ordinary Shares acquired by the Representative pursuant to the Representative Purchase
Agreement will be deemed compensation by the Financial Industry Regulatory Authority (“FINRA”) and will therefore be
subject to lock-up for a period of 180 days immediately following the commencement of sales of the Offering, subject to certain limited
exceptions, pursuant to FINRA Rule 5110(e)(1). Accordingly, the Placement Warrants and the underlying Ordinary Shares acquired by
the Representative pursuant to the Representative Purchase Agreement may not be sold, transferred, assigned, pledged or hypothecated nor
may they be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition
of the securities by any person for 180 days immediately following the commencement of sales of the Offering, except to any FINRA member
participating in the Offering and the officers, partners, registered persons or affiliates thereof, if all securities so transferred remain
subject to the lock-up restriction for the remainder of the time period.
1.4.3
The Placement Warrants and Ordinary Shares issuable upon exercise of the Placement Warrants are hereinafter referred to collectively
as the “Placement Securities”. No underwriting discounts, commissions, or placement fees have been or will be payable
in connection with the Placement Securities. The Placement Warrants are identical to the Public Warrants except that (i) the Placement
Warrants (including the Ordinary Shares issuable upon exercise of these warrants) may not, subject to certain limited exceptions, be transferred,
assigned or sold by the holders until thirty (30) days after the completion of the Company’s initial Business Combination; and (ii) the
Placement Warrants (including the Ordinary Shares issuable upon exercise of these warrants) are entitled to registration rights. In addition,
with respect to Placement Warrants held by the Representative and/or its designees, such Placement Warrants will be subject to the lock-up
and registration rights limitations imposed by FINRA Rule 5110 and will not be exercisable more than five (5) years from the commencement
of sales in the Offering in accordance with FINRA Rule 5110(g)(8). The Public Securities, the Placement Securities and the Founder
Shares are hereinafter referred to collectively as the “Securities”.
4
1.5
Working Capital. Upon consummation of the Offering and the Private Placement, it is intended that approximately $1,250,000
of the proceeds from the Offering and the Private Placement will be available to the Company and held outside of the Trust Account to
fund the working capital requirements of the Company.
1.6
Interest Income. Prior to the Company’s consummation of a Business Combination or the Company’s liquidation
and dissolution, interest earned on the Trust Account may be released to the Company from the Trust Account in accordance with the terms
of the Trust Agreement to pay any taxes incurred by the Company (other than excise or similar taxes that may be due or payable) and up
to $100,000 for dissolution expenses, all as more fully described in the Prospectus (as defined in Section 2.1.1).
2.
Representations and Warranties of the Company. The Company represents and warrants to the Underwriters as follows:
2.1
Filing of Registration Statement.
2.1.1
Pursuant to the Act. The Company has filed with the Securities and Exchange Commission (the “Commission”)
a registration statement and an amendment or amendments thereto, on Form S-1 (File No. 333-296040), including any related preliminary
prospectus (“Preliminary Prospectus”), including any prospectus that is included in the Registration Statement immediately
prior to the effectiveness of the Registration Statement, for the registration of the Units, Public Shares and Public Warrants under the
Act, which registration statement and amendment or amendments have been prepared by the Company in conformity with the requirements of
the Act, and the rules and regulations (the “Regulations”) of the Commission under the Act. The conditions for use
of Form S-1 to register the Offering under the Act, as set forth in the General Instructions to such Form, have been satisfied. Except
as the context may otherwise require, such registration statement, as amended, on file with the Commission at the time the registration
statement becomes effective (including the prospectus, financial statements, schedules, exhibits and all other documents filed as a part
thereof or incorporated therein and all information deemed to be a part thereof as of such time pursuant to Rule 430A of the Regulations),
is hereinafter called the “Registration Statement,” and the form of the final prospectus dated the Effective Date included
in the Registration Statement (or, if applicable, the form of final prospectus containing information permitted to be omitted at the time
of effectiveness by Rule 430A of the Regulations, filed by the Company with the Commission pursuant to Rule 424 of the Regulations),
is hereinafter called the “Prospectus.” For purposes of this Agreement, “Time of Sale,” as used
in the Act, means 4:30 p.m. New York City time, on the date of this Agreement. Prior to the Time of Sale, the Company prepared
a Preliminary Prospectus, which was included in the Registration Statement filed on June 2, 2026, for distribution by the Underwriters
(such Preliminary Prospectus used most recently prior to the Time of Sale, the “Sale Preliminary Prospectus”). If the
Company has filed, or is required pursuant to the terms hereof to file, a Registration Statement pursuant to Rule 462(b) under the
Act registering additional securities of any type or an amendment to such Registration Statement (a “Rule 462(b) Registration
Statement”), then, unless otherwise specified, any reference herein to the term “Registration Statement” shall be
deemed to include such Rule 462(b) Registration Statement. Other than a Rule 462(b) Registration Statement, which, if filed,
becomes effective upon filing, no other document with respect to the Registration Statement has been filed with the Commission. All of
the Public Securities have been registered for public sale under the Act pursuant to the Registration Statement and, if any Rule 462(b)
Registration Statement is filed, will be duly registered for public sale under the Act with the filing of such Rule 462(b) Registration
Statement. The Registration Statement has been declared effective by the Commission on the date hereof. If, subsequent to the date of
this Agreement, the Company or the Representative determines that at the Time of Sale, the Sale Preliminary Prospectus included an untrue
statement of a material fact or omitted a statement of material fact necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading, and the Company and the Representative agree to provide an opportunity to purchasers of the
Units to terminate their old purchase contracts and enter into new purchase contracts, then the Sale Preliminary Prospectus will be deemed
to include any additional information available to purchasers at the time of entry into the first such new purchase contract.
2.1.2
Pursuant to the Exchange Act. The Company has filed with the Commission a Registration Statement on Form 8-A (File
Number 001-43330) providing for the registration
under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), of the Units, the Public Shares and the
Public Warrants. The registration of the Units, Public Shares and Public Warrants under the Exchange Act has been declared effective by
the Commission on the date hereof and the Units, the Public Shares and the Public Warrants have been registered pursuant to Section 12(b)
of the Exchange Act.
5
2.1.3
No Stop Orders, Etc. Neither the Commission nor, to the Company’s knowledge, assuming reasonable inquiry, any federal,
state or other regulatory authority has issued any order or threatened to issue any order preventing or suspending the use of the Registration
Statement, any Preliminary Prospectus, the Sale Preliminary Prospectus or Prospectus or any part thereof, or has instituted or, to the
Company’s knowledge, assuming reasonable inquiry, threatened to institute any proceedings with respect to such an order.
2.2
Disclosures in Registration Statement.
2.2.1
10b-5 Representation. At the time of effectiveness of the Registration Statement (or at the time of any post-effective amendment
to the Registration Statement) and at all times subsequent thereto up to the Closing Date and the Option Closing Date, if any, the Registration
Statement, the Sale Preliminary Prospectus and the Prospectus do and will contain all material statements that are required to be stated
therein in accordance with the Act and the Regulations, and did or will, in all material respects, conform to the requirements of the
Act and the Regulations. The Registration Statement, as of the Effective Date, did not, and the amendments and supplements thereto, as
of their respective dates, will not contain any untrue statement of a material fact or omit to state any material fact required to be
stated therein, or necessary to make the statements therein, not misleading. The Prospectus, as of its date and the Closing Date or the
Option Closing Date, as the case may be, did not, and the amendments and supplements thereto, as of their respective dates, will not,
include any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in
the light of the circumstances under which they were made, not misleading. The Sale Preliminary Prospectus, as of the Time of Sale (or
such subsequent Time of Sale pursuant to Section 2.1.1), did not include any untrue statement of a material fact or omit to
state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made,
not misleading. When any Preliminary Prospectus or the Sale Preliminary Prospectus was first filed with the Commission (whether filed
as part of the Registration Statement for the registration of the Public Securities or any amendment thereto or pursuant to Rule 424(a)
of the Regulations) and when any amendment thereof or supplement thereto was first filed with the Commission, such Preliminary Prospectus
or the Sale Preliminary Prospectus and any amendments thereof and supplements thereto complied or will have been corrected in the Sale
Preliminary Prospectus and the Prospectus to comply in all material respects with the applicable provisions of the Act and the Regulations
and did not and will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein
or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. The
representation and warranty made in this Section 2.2.1 does not apply to statements made or statements omitted in reliance
upon and in conformity with written information furnished to the Company with respect to the Underwriters by the Underwriters expressly
for use in the Registration Statement, the Sale Preliminary Prospectus or the Prospectus or any amendment thereof or supplement thereto.
The parties acknowledge and agree that such information provided by or on behalf of the Underwriters consists solely of the following:
the names of the Underwriters, the information with respect to dealers’ concessions and reallowances contained in the section entitled
“Underwriting,” the information with respect to short positions and stabilizing transactions contained in the section entitled
“Underwriting” and the identity of counsel to the Underwriters contained in the section entitled “Legal Matters”
(such information, collectively, the “Underwriters’ Information”).
2.2.2 Disclosure of
Agreements. The agreements and documents described in the Registration Statement, the Sale Preliminary Prospectus and the
Prospectus conform to the descriptions thereof contained therein in all material respects and there are no agreements or other
documents required to be described in the Registration Statement, the Sale Preliminary Prospectus or the Prospectus or to be filed
with the Commission as exhibits to the Registration Statement, that have not been so described or filed. Each agreement or other
instrument (however characterized or described) to which the Company is a party or by which its property or business is or may be
bound or affected and (i) that is referred to in the Registration Statement, Sale Preliminary Prospectus or the Prospectus or
attached as an exhibit thereto, or (ii) that is material to the Company’s business, has been duly authorized and validly
executed by the Company, is in full force and effect and is enforceable against the Company and, to the Company’s knowledge,
assuming reasonable inquiry, the other parties thereto, in accordance with its terms, except (x) as such enforceability may be
limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally, (y) as
enforceability of any indemnification or contribution provision may be limited under the foreign, federal and state securities laws,
and (z) that the remedy of specific performance and injunctive and other forms of equitable relief may be subject to the
equitable defenses and to the discretion of the court before which any proceeding therefor may be brought, and no such agreement or
instrument has been assigned by the Company, and neither the Company nor, to the Company’s knowledge, assuming reasonable
inquiry, any other party is in breach or default thereunder and, to the Company’s knowledge, assuming reasonable inquiry, no
event has occurred that, with the lapse of time or the giving of notice, or both, would constitute a breach or default thereunder.
To the Company’s knowledge, assuming reasonable inquiry, the performance by the Company of the material provisions of such
agreements or instruments will not result in a violation of any existing applicable law, rule, regulation, judgment, order or decree
of any governmental agency or court, domestic or foreign, having jurisdiction over the Company or any of its assets or businesses,
including, without limitation, those relating to environmental laws and regulations.
6
2.2.3
Prior Securities Transactions. No securities of the Company have been sold by the Company or by or on behalf of, or for
the benefit of, any person or persons controlling, controlled by, or under common control with the Company since the date of the Company’s
formation, except as disclosed in the Registration Statement.
2.2.4
Regulations. The disclosures in the Registration Statement, the Sale Preliminary Prospectus and the Prospectus concerning
the effects of federal, foreign, state and local regulation on the Company’s business as currently contemplated are correct in all
material respects and do not omit to state a material fact necessary to make the statements therein, in the light of the circumstances
in which they were made, not misleading.
2.3
Changes After Dates in Registration Statement.
2.3.1
No Material Adverse Change. Since the respective dates as of which information is given in the Registration Statement, the
Sale Preliminary Prospectus and the Prospectus, except as otherwise specifically stated therein, (i) there has been no material adverse
change in the condition, financial or otherwise, or business prospects of the Company, (ii) there have been no material transactions
entered into by the Company, other than as contemplated pursuant to this Agreement, (iii) no member of the Company’s board
of directors (the “Board of Directors”) or management has resigned from any position with the Company and (iv) no
event or occurrence has taken place which materially impairs, or would likely materially impair, with the passage of time, the ability
of the members of the Board of Directors or management to act in their capacities with the Company as described in the Registration Statement,
the Sale Preliminary Prospectus and the Prospectus.
2.3.2
Recent Securities Transactions. Subsequent to the respective dates as of which information is given in the Registration
Statement, the Sale Preliminary Prospectus and the Prospectus, and except as may otherwise be indicated or contemplated herein or therein,
the Company has not (i) issued any securities or incurred any liability or obligation, direct or contingent, for borrowed money;
or (ii) declared or paid any dividend or made any other distribution on or in respect to its share capital.
2.4
Independent Registered Public Accounting Firm. To the Company’s knowledge, assuming reasonable inquiry, WithumSmith+Brown,
PC (“Withum”), whose report is filed with the Commission as part of, and is included in, the Registration Statement,
the Sale Preliminary Prospectus, and the Prospectus, is an independent registered public accounting firm as required by the Act, the Regulations
and the Public Company Accounting Oversight Board (the “PCAOB”), including the rules and regulations promulgated by
such entity. To the Company’s knowledge, assuming reasonable inquiry, Withum is currently registered with the PCAOB. Withum has
not, during the periods covered by the financial statements included in the Registration Statement, the Sale Preliminary Prospectus and
the Prospectus, provided to the Company any non-audit services, as such term is used in Section 10A(g) of the Exchange Act.
2.5
Financial Statements; Statistical Data.
2.5.1 Financial
Statements. The financial statements, including the notes thereto and supporting schedules (if any) included in the Registration
Statement, the Sale Preliminary Prospectus and the Prospectus fairly present the financial position, the results of operations and
the cash flows of the Company at the dates and for the periods to which they apply; such financial statements have been prepared in
conformity with United States generally accepted accounting principles (“GAAP”), consistently applied throughout
the periods involved; and the supporting schedules included in the Registration Statement, the Sale Preliminary Prospectus and the
Prospectus present fairly the information required to be stated therein in conformity with the Regulations. No other financial
statements or supporting schedules are required to be included or incorporated by reference in the Registration Statement, the Sale
Preliminary Prospectus or the Prospectus. The Registration Statement, the Sale Preliminary Prospectus and the Prospectus disclose
all material off-balance sheet transactions, arrangements, obligations (including contingent obligations), and other relationships
of the Company with unconsolidated entities or other persons that may have a material current or future effect on the
Company’s financial condition, changes in financial condition, results of operations, liquidity, capital expenditures, capital
resources, or significant components of revenues or expenses. There are no pro forma or as adjusted financial statements that are
required to be included in the Registration Statement, the Sale Preliminary Prospectus and the Prospectus in accordance with
Regulation S-X or Form S-1 that have not been included as required.
7
2.5.2
Statistical Data. The statistical, industry-related and market-related data included in the Registration Statement, the
Sale Preliminary Prospectus, and/or the Prospectus are based on or derived from sources that the Company reasonably and in good faith
believes are reliable and accurate, and such data materially agree with the sources from which they are derived.
2.6
Authorized Capital; Options. The Company had at the date or dates indicated in each of the Registration Statement, the Sale
Preliminary Prospectus, and the Prospectus, as the case may be, duly authorized, issued and outstanding capitalization as set forth in
the Registration Statement, the Sale Preliminary Prospectus, and the Prospectus. Based on the assumptions stated in the Registration Statement,
the Sale Preliminary Prospectus, and the Prospectus, the Company will have on the Closing Date or on the Option Closing Date, as the case
may be, the adjusted share capitalization set forth therein. Except as set forth in, or contemplated by the Registration Statement, the
Sale Preliminary Prospectus and the Prospectus, on the Effective Date and on the Closing Date or Option Closing Date, as the case may
be, there will be no options, warrants, or other rights to purchase or otherwise acquire any authorized but unissued Ordinary Shares or
any security convertible into Ordinary Shares, or any contracts or commitments to issue or sell Ordinary Shares or any such options, warrants,
rights or convertible securities.
2.7
Valid Issuance of Securities.
2.7.1
Outstanding Securities. All issued and outstanding securities of the Company issued prior to the transactions contemplated
by this Agreement have been duly authorized and validly issued and are fully paid and non-assessable; the holders thereof have no rights
of rescission with respect thereto, and are not subject to personal liability by reason of being such holders; and none of such securities
was issued in violation of the preemptive rights of any holders of any security of the Company or similar contractual rights granted by
the Company. The authorized and outstanding securities of the Company conform in all material respects to all statements relating thereto
contained in the Registration Statement, the Sale Preliminary Prospectus and the Prospectus. All offers and sales and any transfers of
the outstanding securities of the Company were at all relevant times either registered under the Act and the applicable state securities
or Blue Sky laws or, based in part on the representations and warranties of the purchasers of such securities, exempt from such registration
requirements.
2.7.2 Securities Sold
Pursuant to this Agreement. The Public Securities have been duly authorized and reserved for issuance and when issued and paid
for in accordance with this Agreement and in respect of the Ordinary Shares, registered in the Company’s register of members,
will be validly issued, and the Ordinary Shares will be fully paid and non-assessable, and the holders thereof are not and will not
be subject to personal liability by reason of being such holders. The Public Securities are not and will not be subject to the
preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all
corporate action required to be taken for the authorization, issuance and sale of the Public Securities has been duly and validly
taken. The form of certificates for the Public Securities conform to the corporate law of the jurisdiction of the Company’s
incorporation and applicable securities laws. The Public Securities conform in all material respects to the descriptions thereof
contained in the Registration Statement, the Sale Preliminary Prospectus and the Prospectus, as the case may be. When paid for and
issued, the Public Warrants included in the Units will constitute valid and binding obligations of the Company to issue and deliver
the number and type of securities of the Company called for thereby in accordance with the terms thereof and such Public Warrants
will be enforceable against the Company in accordance with their respective terms, except: (i) as such enforceability may be
limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally; (ii) as
enforceability of any indemnification or contribution provision may be limited under foreign, federal and state securities laws; and
(iii) that the remedy of specific performance and injunctive and other forms of equitable relief may be subject to the
equitable defenses and to the discretion of the court before which any proceeding therefor may be brought. The Ordinary Shares
issuable upon exercise of the Public Warrants have been reserved for issuance upon the exercise of the Public Warrants and upon
payment of the consideration therefor, and when issued and delivered in accordance with the terms thereof and the Warrant Agreement
(as defined in Section 2.23) and registered in the Company’s register of members such Ordinary Shares will be duly
and validly authorized, validly issued and upon payment therefor, fully paid and non-assessable, and the holders thereof are not and
will not be subject to personal liability by reason of being such holders.
8
2.7.3
Placement Securities. When paid for and issued, the Placement Warrants will constitute valid and binding obligations of
the Company to issue the number and type of securities of the Company called for thereby in accordance with the terms thereof, and will
be enforceable against the Company in accordance with their terms, except: (i) as such enforceability may be limited by bankruptcy,
insolvency, reorganization or similar laws affecting creditors’ rights generally; (ii) as enforceability of any indemnification
or contribution provision may be limited under foreign, federal and state securities laws; and (iii) that the remedy of specific
performance and injunctive and other forms of equitable relief may be subject to the equitable defenses and to the discretion of the court
before which any proceeding therefor may be brought. The Ordinary Shares issuable upon exercise of the Placement Warrants have been reserved
for issuance and, when issued and delivered in accordance with the terms of the Placement Warrants and the Warrant Agreement (as defined
in Section 2.23) and registered in the Company’s register of members, such Ordinary Shares will be duly and validly
authorized, validly issued and upon payment therefor, fully paid and non-assessable, and the holders thereof are not and will not be subject
to personal liability by reason of being such holders.
2.7.4
No Integration. Neither the Company nor any of its affiliates has, prior to the date hereof, made any offer or sale of any
securities which are required to be or may be “integrated” pursuant to the Act or the Regulations with the Offering.
2.8
Registration Rights of Third Parties. Except as set forth in the Registration Statement, the Sale Preliminary Prospectus
and the Prospectus, no holders of any securities of the Company or any rights exercisable for or convertible or exchangeable into securities
of the Company have the right to require the Company to register any such securities of the Company under the Act or to include any such
securities in a registration statement to be filed by the Company.
2.9
Validity and Binding Effect of Agreements. This Agreement, the Insider Letter (as defined in Section 2.21.1),
the Warrant Agreement (as defined in Section 2.23), the Trust Agreement, the Services Agreement (as defined in Section
2.21.4), the Registration Rights Agreement (as defined in Section 2.21.5) and the Purchase Agreements (as defined in Section 2.21.3)
(collectively with this Agreement, the “Transaction Documents”) have been duly and validly authorized by the Company
and, when executed and delivered, will constitute the valid and binding agreements of the Company, enforceable against the Company in
accordance with their respective terms, except: (i) as such enforceability may be limited by bankruptcy, insolvency, reorganization
or similar laws affecting creditors’ rights generally, (ii) with respect to this Agreement only, as enforceability of any indemnification
or contribution provision may be limited under the foreign, federal and state securities laws and (iii) that the remedy of specific
performance and injunctive and other forms of equitable relief may be subject to the equitable defenses and to the discretion of the court
before which any proceeding therefor may be brought.
2.10
No Conflicts, Etc. The execution, delivery, and performance by the Company of the Transaction Documents, the consummation
by the Company of the transactions herein and therein contemplated and the compliance by the Company with the terms hereof and thereof
do not and will not, with or without the giving of notice or the lapse of time or both: (i) result in a breach or violation of, or
conflict with any of the terms and provisions of, or constitute a default under, or result in the creation, modification, termination
or imposition of any lien, charge or encumbrance upon any property or assets of the Company pursuant to the terms of any agreement, obligation,
condition, covenant or instrument to which the Company is a party or bound or to which its property is subject except pursuant to the
Trust Agreement; (ii) result in any violation of the provisions of the Company’s amended and restated memorandum and articles
of association, as may be amended and/or restated from time to time, of the Company (collectively, the “Charter Documents”);
or (iii) violate any existing applicable statute, law, rule, regulation, judgment, order or decree of any governmental agency or
court, domestic or foreign, having jurisdiction over the Company or any of its properties, assets or business constituted as of the date
hereof.
2.11 No Defaults;
Violations. No default or violation exists in the due performance and observance of any term, covenant or condition of any
license, contract, indenture, mortgage, deed of trust, note, loan or credit agreement, or any other agreement or instrument
evidencing an obligation for borrowed money, or any other agreement or instrument to which the Company is a party or by which the
Company may be bound or to which any of the properties or assets of the Company is subject. The Company is not in violation of any
term or provision of its Charter Documents or in violation of any franchise, license, permit, applicable law, rule, regulation,
judgment or decree of any governmental agency or court, domestic or foreign, having jurisdiction over the Company or any of its
properties or businesses.
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2.12
Corporate Power; Licenses; Consents.
2.12.1 Conduct of
Business. The Company has all requisite corporate power and authority, and has all necessary authorizations, approvals, orders,
licenses, certificates and permits of and from all governmental regulatory officials and bodies that it needs as of the date hereof
to conduct its business for the purposes described in the Registration Statement, the Sale Preliminary Prospectus and the
Prospectus. The disclosures in the Registration Statement, the Sale Preliminary Prospectus and the Prospectus concerning the effects
of foreign, federal, state and local regulation on the Offering and the Company’s business purpose as currently contemplated
are correct in all material respects and do not omit to state a material fact required to be stated therein or necessary in order to
make the statements therein, in the light of the circumstances under which they were made, not misleading. Since its formation, the
Company has conducted no business and has incurred no liabilities other than in connection with its formation and in furtherance of
the Offering or as otherwise described in the Registration Statement, the Sale Preliminary Prospectus or the Prospectus, as
applicable.
2.12.2 Transactions
Contemplated. The Company has all requisite corporate power and authority to enter into the Transaction Documents and to carry
out the provisions and conditions hereof and thereof, and all consents, authorizations, approvals and orders required in connection
herewith and therewith have been obtained. No consent, authorization, or order of, and no filing with, any court, government agency
or other body, foreign or domestic, is required for the valid issuance, sale, and delivery, of the Securities and the consummation
of the transactions and agreements contemplated by the Transaction Documents and as contemplated by the Registration Statement, the
Sale Preliminary Prospectus and the Prospectus, except with respect to applicable foreign, federal and state securities laws, the
rules of The Nasdaq Stock Market (“Nasdaq”), and the rules and regulations promulgated by FINRA.
2.12.3 Jurisdiction and
Designation. The Company has the power to submit, and pursuant to Section 9.7 of this Agreement has, to the extent
permitted by law, legally, validly and irrevocably submitted, to the jurisdiction of any New York State or United States
Federal court sitting in The City of New York, Borough of Manhattan.
2.13
D&O Questionnaires. To the Company’s knowledge, assuming reasonable inquiry, all information contained in the
questionnaires (the “Questionnaires”) completed by each of the Company’s officers, directors and shareholders
(the “Insiders”) and provided to the Representative and its counsel and the biographies of the Insiders contained in
the Registration Statement, Sale Preliminary Prospectus and the Prospectus (to the extent a biography is contained) is true and correct
and the Company has not become aware of any information which would cause the information disclosed in the Questionnaires completed by
each Insider to become inaccurate, incorrect or incomplete.
2.14
Litigation; Governmental Proceedings. There is no action, suit, proceeding, inquiry, arbitration, investigation, litigation
or governmental proceeding pending, or to the Company’s knowledge, assuming reasonable inquiry, threatened against or involving
the Company or, to the Company’s knowledge, assuming reasonable inquiry, any Insider or any shareholder or member of an Insider
that has not been disclosed, that is required to be disclosed, in the Registration Statement, the Sale Preliminary Prospectus, the Prospectus
or the Questionnaires.
2.15
Good Standing. The Company has been duly incorporated and is validly existing as a Cayman Islands exempted company and is
in good standing under the laws of its jurisdiction of incorporation. The Company is duly qualified to do business and is in good standing
as a foreign corporation in each jurisdiction in which its ownership or lease of property or the conduct of business requires such qualification,
except where the failure to qualify would not have a material adverse effect on the condition (financial or otherwise), earnings, assets,
prospects, business, operations or properties of the Company, whether or not arising from transactions in the ordinary course of business
(a “Material Adverse Effect”).
2.16
No Contemplation of a Business Combination. The Company has not selected any specific Business Combination target (each
a “Target Business”) and it has not, nor has anyone on its behalf, initiated any substantive discussions, directly
or indirectly, with any Target Business.
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2.17
Transactions Requiring Disclosure to FINRA.
2.17.1
Finder’s Fees. There are no claims, payments, arrangements, agreements or understandings relating to the payment of
a brokerage commission or finder’s, consulting or origination fee by the Company or any Insider with respect to the sale of the
Securities hereunder or any other arrangements, agreements or understandings of the Company or to the Company’s knowledge, assuming
reasonable inquiry, any Insider, that may affect the Underwriters’ compensation, as determined by FINRA.
2.17.2
Payments Within 180 Days. The Company has not made any direct or indirect payments (in cash, securities or otherwise) to:
(i) any person, as a finder’s fee, consulting fee or otherwise, in consideration of such person raising capital for the Company
or introducing to the Company persons who raised or provided capital to the Company; or (ii) any “participating member,”
as defined in FINRA Rule 5110(j)(15) (a “Participating Member”), within the 180-day period prior to the initial
filing of the Registration Statement, other than the prior payments to the Representative in connection with the Offering. The Company
has not issued any warrants or other securities, or granted any options, directly or indirectly, to anyone who is a Participating Member
within the 180-day period prior to the initial filing date of the Registration Statement. No person to whom securities of the Company
have been privately issued within the 180-day period prior to the initial filing date of the Registration Statement has any relationship
or affiliation or association with any Participating Member. Except with respect to the Representative in connection with the Offering,
the Company has not entered into any agreement or arrangement (including, without limitation, any consulting agreement or any other type
of agreement) during the 180-day period prior to the initial filing date of the Registration Statement with the Commission, which arrangement
or agreement provides for the receipt of any “underwriting compensation,” as defined in FINRA Rule 5110, by any Participating
Member.
2.17.3
FINRA Affiliation. To the Company’s knowledge, no officer or director or any direct or indirect beneficial owner (including
the Insiders) of any class of the Company’s unregistered securities (whether debt or equity, registered or unregistered, regardless
of the time acquired or the source from which derived) has any direct or indirect affiliation or association with any Participating Member
(as determined in accordance with the rules and regulations of FINRA). The Company will advise the Representative and EGS if it learns
that any officer or director or any direct or indirect beneficial owner (including the Insiders) is or becomes an affiliate or associated
person of a Participating Member.
2.17.4
Share Ownership. To the Company’s knowledge, no officer or director or any direct or indirect beneficial owner (including
the Insiders) of any class of the Company’s unregistered securities is an owner of shares or other securities of any Participating
Member (other than securities purchased on the open market).
2.17.5
Loans. No officer or director or any direct or indirect beneficial owner (including the Insiders) of any class of the Company’s
unregistered securities has made a subordinated loan to any Participating Member.
2.17.6
Proceeds of the Offering. No proceeds from the sale of the Public Securities (excluding underwriting compensation) or the
Placement Warrants will be paid to any Participating Member, or any persons associated or affiliated with a Participating Member, except
as specifically authorized herein.
2.17.7
Conflicts of Interest. To the Company’s knowledge, assuming reasonable inquiry, no Participating Member has a conflict
of interest with the Company. For this purpose, a “conflict of interest” exists when a Participating Member and/or
its associated persons, parent or affiliates in the aggregate beneficially own 10% or more of the Company’s outstanding subordinated
debt or common equity, or 10% or more of the Company’s preferred equity.
2.18
Taxes.
2.18.1
There are no transfer taxes or other similar fees or charges under U.S. federal law or the laws of any U.S. state or
any political subdivision of the United States, or under the laws of any non-U.S. jurisdiction, required to be paid in connection
with the execution and delivery of this Agreement or the issuance or sale by the Company of the Public Securities.
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2.18.2 The Company has
filed all U.S. federal, state and local, and non-U.S., tax returns required to be filed with taxing authorities prior to the
date hereof in a timely manner or has duly obtained extensions of time for the filing thereof. The Company has paid all taxes shown
as due on such returns that were filed and has paid all taxes imposed on it and any other assessment, fine or penalty levied against
it, to the extent that any of the foregoing is due and payable, in the case of each of the foregoing, except where the failure to
file or pay, as applicable, would not have a Material Adverse Effect. The Company has made appropriate provisions in the applicable
financial statements referred to in Section 2.5.1 above in respect of all federal, state, local and foreign income and
franchise taxes for all current or prior periods as to which the tax liability of the Company has not been finally determined.
2.19
Foreign Corrupt Practices Act; Anti-Money Laundering; Patriot Act.
2.19.1 Foreign Corrupt
Practices Act. Neither the Company nor to the Company’s knowledge, assuming reasonable inquiry, any of the Insiders or any
other person acting on behalf of the Company has, directly or indirectly, given or agreed to give any money, gift or similar benefit
(other than legal price concessions to customers in the ordinary course of business) to any customer, supplier, employee or agent of
a customer or supplier, or official or employee of any governmental agency or instrumentality of any government (domestic or
foreign) or any political party or candidate for office (domestic or foreign) or other person who was, is, or may be in a position
to help or hinder the business of the Company (or assist it in connection with any actual or proposed transaction) that
(i) might subject the Company to any damage or penalty in any civil, criminal or governmental litigation or proceeding,
(ii) if not given in the past, might have had a Material Adverse Effect, or (iii) if not continued in the future, might
adversely affect the assets, business or operations of the Company. The Company has taken reasonable steps to ensure that its
accounting controls and procedures are sufficient to cause the Company to comply in all material respects with the Foreign Corrupt
Practices Act of 1977, as amended.
2.19.2 Currency and
Foreign Transactions Reporting Act. The operations of the Company are and have been conducted at all times in compliance with
(i) the requirements of the U.S. Treasury Department Office of Foreign Asset Control and (ii) applicable financial
recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, including the
Money Laundering Control Act of 1986, as amended, the rules and regulations thereunder and any related or similar money laundering
statutes, rules, regulations or guidelines, issued, administered or enforced by any Federal governmental agency (collectively, the
“Money Laundering Laws”) and no action, suit or proceeding by or before any court or governmental agency,
authority or body or any arbitrator involving the Company with respect to the Money Laundering Laws is pending or, to the
Company’s knowledge, assuming reasonable inquiry, threatened.
2.19.3 Patriot Act.
Neither the Company nor to the Company’s knowledge, assuming reasonable inquiry, any Insider has violated the Bank Secrecy Act
of 1970, as amended, or Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism (USA PATRIOT ACT) Act of 2001, and/or the rules and regulations promulgated under any such law, or any successor law.
2.20
Officers’ Certificate. Any certificate signed by any duly authorized officer of the Company in connection with the
Offering and delivered to the Representative or to EGS shall be deemed a representation and warranty by the Company to the Underwriters
as to the matters covered thereby.
2.21
Agreements With Insiders.
2.21.1 Insider
Letter. The Company has caused to be duly executed a legally binding and enforceable agreement (except (i) as such
enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally,
(ii) as enforceability of any indemnification, contribution or non-compete provision may be limited under foreign, federal and
state securities laws, and (iii) that the remedy of specific performance and injunctive and other forms of equitable relief may
be subject to the equitable defenses and to the discretion of the court before which any proceeding therefor may be brought), a form
of which is annexed as an exhibit to the Registration Statement (the “Insider Letter”), pursuant to which each of
the Insiders of the Company agree to certain matters.
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2.21.2 Sponsor Purchase
Agreement. The Company and the Sponsor have executed and delivered a Private Placement Warrants Purchase Agreement, the form of
which is annexed as an exhibit to the Registration Statement (the “Sponsor Purchase Agreement”), pursuant to
which the Sponsor will, among other things, on the Closing Date, consummate the purchase of and deliver the purchase price for the
Placement Warrants to be sold to the Sponsor described in Section 1.4.2. Pursuant to the Insider Letter, the Sponsor has
waived any and all rights and claims it may have to any proceeds, and any interest thereon, held in the Trust Account in respect of
the Placement Warrants. Certain proceeds from the sale of the Placement Warrants will be deposited by the Company in the Trust
Account in accordance with the terms of the Trust Agreement on the Closing Date as provided for in the Sponsor Purchase
Agreement.
2.21.3 Representative
Purchase Agreement. The Company and the Representative have executed and delivered a Private Placement Warrants Purchase
Agreement, the form of which is annexed as an exhibit to the Registration Statement (the “Representative Purchase
Agreement”, and together with the Sponsor Purchase Agreement, the “Purchase Agreements”), pursuant to
which the Representative will, among other things, on the Closing Date, consummate the purchase of and deliver the purchase price
for the Placement Warrants to be sold to the Representative described in Section 1.4.2. Pursuant to the Representative
Purchase Agreement, the Representative has waived any and all rights and claims it may have to any proceeds, and any interest
thereon, held in the Trust Account in respect of the Placement Warrants. Certain proceeds from the sale of the Placement Warrants
will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement on the Closing Date as
provided for in the Representative Purchase Agreement.
2.21.4 Administrative
Services. The Company and the Sponsor have entered into an agreement (the “Services Agreement”) substantially
in the form annexed as an exhibit to the Registration Statement pursuant to which the Sponsor will make available to the Company for
the Company’s use, office space, utilities, secretarial and
administrative support, and other related services rendered to the Company’s management team, for $20,000, per month,
on an accrual basis, commencing on the closing of the Offering and continuing until the earlier of the consummation by the Company
of a Business Combination or the liquidation of the Trust Account, on the terms and subject to the conditions set forth in the
Services Agreement.
2.21.5 Registration
Rights Agreement. The Company, the Sponsor, the Representative and the other security holders party thereto have entered into a
Registration Rights Agreement (“Registration Rights Agreement”) substantially in the form annexed as an exhibit
to the Registration Statement, whereby such parties will be entitled to certain registration rights with respect to the securities
of the Company they hold or may hold, as set forth in such Registration Rights Agreement and described more fully in the
Registration Statement, the Sale Preliminary Prospectus and the Prospectus.
2.21.6 Loans. The
Sponsor has agreed to make loans to the Company in the aggregate amount of up to $400,000 (“Insider Loans”)
pursuant to promissory notes substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not
bear any interest and are repayable by the Company on the earlier of December 31, 2026 or the consummation of the Offering. The loan
will be repaid out of the $1,250,000 of offering proceeds that has been allocated to the payment of offering expenses. As of March
31, 2026, the Company had no borrowings under the promissory note.
2.22
Investment Management Trust Agreement. The Company has entered into the Trust Agreement with respect to certain proceeds
of the Offering and the Private Placement substantially in the form annexed as an exhibit to the Registration Statement.
2.23
Warrant Agreement. The Company has entered into a warrant agreement with CST with respect to the Public Warrants comprising
part of the Units, the Placement Warrants and certain other warrants that may be issued by the Company substantially in the form filed
as an exhibit to the Registration Statement (“Warrant Agreement”).
2.24
No Existing Non-Competition Agreements. To the Company’s knowledge, assuming reasonable inquiry, no Insider is subject
to any non-competition agreement or non-solicitation agreement with any employer or prior employer which could materially affect such
Insider’s ability to serve as an employee, officer and/or director of the Company, as applicable, except as disclosed in the Registration
Statement.
2.25 Investments.
No more than 45% of the “value” (as defined in Section 2(a)(41) of the Investment Company Act of 1940, as amended
(“Investment Company Act”)) of the Company’s total assets consist of, and no more than 45% of the
Company’s net income after taxes is derived from, securities other than “Government Securities” (as defined in
Section 2(a)(16) of the Investment Company Act) or money market funds meeting the conditions of Rule 2a-7 of the
Investment Company Act.
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2.26
Investment Company Act. The Company is not required, and upon the issuance and sale of the Securities as herein contemplated
and the application of the net proceeds therefrom as described in the Sale Preliminary Prospectus and the Prospectus will not be required,
to register as an “investment company” under the Investment Company Act.
2.27
Subsidiaries. The Company does not own an interest in any corporation, partnership, limited liability company, joint venture,
trust or other business entity.
2.28
Related Party Transactions. No relationship, direct or indirect, exists between or among the Company, on the one hand, and
any Insider, on the other hand, which is required by the Act, the Exchange Act or the Regulations to be described in the Registration
Statement, the Sale Preliminary Prospectus and the Prospectus which is not so described as required. There are no outstanding loans, advances
(except normal advances for business expenses in the ordinary course of business), or guarantees of indebtedness by the Company to or
for the benefit of any of the officers or directors of the Company or any of their respective family members, except as disclosed in the
Registration Statement, the Sale Preliminary Prospectus and the Prospectus. The Company has not extended or maintained credit, arranged
for the extension of credit, or renewed an extension of credit, in the form of a personal loan to or for any director or officer of the
Company.
2.29
No Influence. The Company has not offered, or caused the Underwriters to offer, the Firm Units to any person or entity with
the intention of unlawfully influencing: (a) a customer or supplier of the Company or any affiliate of the Company to alter the customer’s
or supplier’s level or type of business with the Company or such affiliate or (b) a journalist or publication to write or publish
favorable information about the Company or any such affiliate.
2.30
Sarbanes-Oxley. The Company is, and on the Closing Date will be, in material compliance with the provisions of the Sarbanes-Oxley
Act of 2002, as amended (the “Sarbanes-Oxley Act”), and the rules and regulations promulgated thereunder and related
or similar rules or regulations promulgated by any governmental or self-regulatory entity or agency, that are applicable to it as of the
date hereof.
2.31
Distribution of Offering Material by the Company. The Company has not distributed and will not distribute, prior to the
later of the Closing Date and the completion of the distribution of the Units, any offering material in connection with the offering and
sale of the Units other than the Sale Preliminary Prospectus and the Prospectus, in each case as supplemented and amended.
2.32
Nasdaq. The Units, Public Shares and Public Warrants have been authorized for listing, subject to official notice of issuance
and evidence of satisfactory distribution, on Nasdaq and the Company knows of no reason or set of facts that is likely to adversely affect
such authorization.
2.33
Board of Directors. As of the date the Units commence trading on Nasdaq, the Board of Directors of the Company will be comprised
of the persons set forth as “Directors” or “Director nominees” under the heading of the Sale Preliminary Prospectus
and the Prospectus captioned “Management.” As of the date the Units commence trading on Nasdaq, the qualifications of the
persons serving as board members and the overall composition of the board will comply with the Sarbanes-Oxley Act and the rules promulgated
thereunder and the rules of Nasdaq that are, in each case, applicable to the Company. As of the Effective Date, the Company will have
an Audit Committee that satisfies the applicable requirements under the Sarbanes-Oxley Act and the rules promulgated thereunder and the
rules of Nasdaq, including the permitted phase-in requirements under the rules of Nasdaq.
2.34
Emerging Growth Company. From its formation through the date hereof, the Company has been and is an “emerging growth
company,” as defined in Section 2(a) of the Act (an “Emerging Growth Company”).
2.35 No
Disqualification Events. Neither the Company, nor any of its predecessors or any affiliated issuer, nor any director, executive
officer, or other officer of the Company participating in the Offering, nor any beneficial owner of 20% or more of the
Company’s outstanding voting equity securities, calculated on the basis of voting power, nor any promoter (as that term is
defined in Rule 405 under the Act) connected with the Company in any capacity at the time of sale (each, a “Company
Covered Person” and, together, “Company Covered Persons”) is subject to any of the “Bad
Actor” disqualifications described in Rule 506(d)(1)(i) to (viii) under the Act (a “Disqualification
Event”), except for a Disqualification Event covered by Rule 506(d)(2) or (d)(3). The Company has exercised
reasonable care to determine whether any Company Covered Person is subject to a Disqualification Event. The Company has complied, to
the extent applicable, with its disclosure obligations under Rule 506(e), and has furnished to the Underwriters a copy of any
disclosures provided thereunder.
14
2.36
Free-Writing Prospectus and Testing-the-Waters. The Company has not made any offer relating to the Public Securities that
would constitute an issuer free writing prospectus, as defined in Rule 433 under the Act, or that would otherwise constitute a “free
writing prospectus” as defined in Rule 405. The Company: (a) has not engaged in any Testing-the-Waters Communication other
than Testing-the-Waters Communications with the consent of the Representative with entities that are qualified institutional buyers within
the meaning of Rule 144A under the Act or institutions that are accredited investors within the meaning of Rule 501 of Regulation
D under the Act and (b) has not authorized anyone to engage in Testing-the-Waters Communications other than its officers and the
Representative and individuals engaged by the Representative. The Company has not distributed any written Testing-the-Waters Communications
other than those listed on Schedule B hereto. “Testing-the-Waters Communication” means any oral or written communication
with potential investors undertaken in reliance on Section 5(d) of the Act.
2.37
Other Covered Persons. The Company is not aware of any person (other than any Company Covered Person or Underwriter) that
has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with the sale of any Securities.
2.38
No Fee Arrangements. As of the date hereof, the Company has not entered into any agreement, written or oral, pursuant to
which the Company will be obligated to pay any Insider or an affiliate of any Insider a consulting, finder or success fees for assisting
the Company in consummating a Business Combination.
2.39
Underwriter Engagement. The Company does not have any expectation, understanding or agreement with any Underwriter for such
Underwriter to provide any additional services to the Company after the consummation of the Offering relating to the initial Business
Combination, the financing thereof or other related transactions. Any Underwriter’s provision of any such additional services in
connection with the initial Business Combination will require the Company’s separate engagement of such Underwriter in connection
with the initial Business Combination and the entry into a related written engagement agreement between such Underwriter and the Company
setting forth the terms and conditions of the additional services to be provided by such Underwriter to the Company.
3.
Covenants of the Company. The Company covenants and agrees as follows:
3.1
Amendments to Registration Statement. The Company will deliver to the Representative, prior to filing, any amendment or
supplement to the Registration Statement, any Preliminary Prospectus or the Prospectus proposed to be filed after the Effective Date and
the Company shall not file any such amendment or supplement to which the Representative reasonably objects in writing.
3.2
Federal Securities Laws.
3.2.1
Compliance. During the time when a Prospectus is required to be delivered under the Act, the Company will use its reasonable
best efforts to comply with all requirements imposed upon it by the Act, the Regulations, and the Exchange Act, and by the regulations
under the Exchange Act, as from time to time in force, so far as necessary to permit the continuance of sales of or dealings in the Securities
in accordance with the provisions hereof and the Sale Preliminary Prospectus and the Prospectus. If at any time when a Prospectus relating
to the Securities is required to be delivered under the Act, any event shall have occurred as a result of which, in the opinion of counsel
for the Company or counsel for the Underwriters, the Prospectus, as then amended or supplemented, includes an 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 the light of the
circumstances under which they were made, not misleading, or if it is necessary at any time to amend or supplement the Prospectus to comply
with the Act, the Company will notify the Representative promptly and prepare and file with the Commission, subject to Section 3.1
hereof, an appropriate amendment or supplement in accordance with Section 10 of the Act.
15
3.2.2
Filing of Final Prospectus. The Company will file the Prospectus (in form and substance satisfactory to the Underwriters)
with the Commission pursuant to the requirements of Rule 424 of the Regulations.
3.2.3
Exchange Act Registration. The Company will use its reasonable best efforts to maintain the registration of the Units, Public
Shares and Public Warrants under the provisions of the Exchange Act (except in connection with a going-private transaction) for a period
of five (5) years from the Effective Date, or until the Company is required to be liquidated or is acquired, if earlier, or, in the case
of the Public Warrants, until the Public Warrants expire and are no longer exercisable or have been exercised or redeemed in full. The
Company will not deregister the Public Securities under the Exchange Act (except in connection with a going private transaction after
the completion of a Business Combination) without the prior written consent of the Representative.
3.2.4
Exchange Act Filings. From the Effective Date until the earlier of the Company’s initial Business Combination, or
its liquidation and dissolution, the Company shall use its best efforts to timely file with the Commission via the Electronic Data Gathering,
Analysis and Retrieval System (“EDGAR”) such statements and reports as are required to be filed by a company registered
under Section 12(b) of the Exchange Act.
3.2.5
Sarbanes-Oxley Compliance. As soon as it is legally required to do so, the Company shall take all actions necessary to obtain
and thereafter maintain material compliance with each applicable provision of the Sarbanes-Oxley Act and the rules and regulations promulgated
thereunder and related or similar rules and regulations promulgated by any other governmental or self-regulatory entity or agency with
jurisdiction over the Company.
3.3
Free-Writing Prospectus; Emerging Growth Company Status. The Company agrees that it will not make any offer relating to
the Public Securities that would constitute an issuer free writing prospectus, as defined in Rule 433 under the Act, or that would
otherwise constitute a “free writing prospectus” as defined in Rule 405, without the prior consent of the Underwriters.
The Company will promptly notify the Representative if the Company ceases to be an Emerging Growth Company at any time prior to the earlier
of the time period set forth in the Charter Documents (the “Termination Date” or, if the Company extends the period
during which it may enter into a Business Combination, the “Extended Termination Date”) or the liquidation of the Trust
Account if a Business Combination is not consummated by the Termination Date or Extended Termination Date, as applicable.
3.4
Delivery to Underwriters of Prospectuses. The Company will deliver to the Underwriters, without charge and from time to
time during the period when the Prospectus is required to be delivered under the Act or the Exchange Act, such number of copies of each
of the Preliminary Prospectus and the Prospectus as the Underwriters may reasonably request and, as soon as the Registration Statement
or any amendment or supplement thereto becomes effective, deliver to the Underwriters, upon their request, two (2) manually executed Registration
Statements, including exhibits, and all post-effective amendments thereto and copies of all exhibits filed therewith or incorporated therein
by reference and all manually executed consents of certified experts.
3.5
Effectiveness and Events Requiring Notice to the Representative. The Company will use its reasonable best efforts to cause
the Registration Statement to remain effective until the completion of the Offering, and during that time will notify the Representative
immediately and confirm the notice in writing: (i) of the effectiveness of the Registration Statement and any amendment thereto;
(ii) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or any post-effective
amendment thereto or preventing or suspending the use of any Preliminary Prospectus or the Prospectus or of the initiation, or the threatening,
of any proceeding for that purpose; (iii) of the issuance by any foreign or state securities commission of any proceedings for the
suspension of the qualification of the Public Securities for offering or sale in any jurisdiction or of the initiation, or the threatening,
of any proceeding for that purpose; (iv) of the mailing and delivery to the Commission for filing of any amendment or supplement
to the Registration Statement or Prospectus; (v) of the receipt of any comments or request for any additional information from the
Commission; and (vi) of the happening of any event that, in the reasonable judgment of the Company, makes any statement of a material
fact made in the Registration Statement or the Prospectus untrue or that requires the making of any changes in the Registration Statement
or the Prospectus in order to make the statements therein, and in the light of the circumstances under which they were made, not misleading.
If the Commission or any foreign or state securities commission shall enter a stop order or suspend such qualification at any time, the
Company will make every reasonable effort to obtain promptly the lifting of such order.
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3.6
Affiliated Transactions.
3.6.1
Business Combinations. The Company will not consummate a Business Combination with any entity that is affiliated with any
Insider unless (i) the Company obtains an opinion from an independent investment banking firm or another independent entity that
commonly renders valuation opinions, stating that the consideration to be paid by the Company in such an initial Business Combination
is fair to the Company from a financial point of view, and (ii) such transaction is approved by a majority of the Company’s
disinterested and independent directors.
3.6.2
Compensation to Insiders. Except as disclosed in the Prospectus and consented to by the Representative, the Company shall
not pay any of the Insiders or any of their affiliates any fees or compensation from the Company, for services rendered to the Company
prior to, or in connection with, the consummation of a Business Combination.
3.7
[Reserved.]
3.8
Reports to the Representative. For a period of five (5) years from the Effective Date or until such earlier time upon which
the Company is required to be liquidated or is no longer required to file reports under the Exchange Act, the Company will furnish to
the Representative and its counsel copies of such financial statements and other periodic and special reports as the Company from time
to time furnishes generally to holders of any class of its securities, and promptly furnish to the Underwriters: (i) a copy of each
periodic report the Company shall be required to file with the Commission, (ii) a copy of every press release and every news item
and article with respect to the Company or its affairs that was released by the Company, (iii) a copy of each current Report on Form 8-K
or Schedules 13D, 13G, 14D-1 or 13E-4 received or prepared by the Company, (iv) two (2) copies of each registration statement
filed by the Company with the Commission under the Act, and (v) such additional documents and information with respect to the Company
and the affairs of any future subsidiaries of the Company as the Representative may from time to time reasonably request; provided that
the Representative shall sign, if requested by the Company, a Regulation FD compliant confidentiality agreement which is reasonably acceptable
to the Representative and its counsel in connection with the Representative’s receipt of such information. Documents filed with
the Commission pursuant to its EDGAR system shall be deemed to have been delivered to the Representative pursuant to this Section.
3.9
Transfer Agent. For a period of five (5) years following the Effective Date or until such earlier time upon which the Company
is required to be liquidated, the Company shall retain a transfer agent and warrant agent acceptable to the Representative. CST is acceptable
to the Underwriters.
17
3.10 Payment of
Expenses. The Company hereby agrees to pay on each of the Closing Date and the Option Closing Date, if any, to the extent not
paid at the Closing Date, all Company expenses incident to the performance of the obligations of the Company under this Agreement,
including but not limited to (i) the Company’s legal and accounting fees and disbursements, (ii) expenses relating
to the preparation, printing, filing, mailing and delivery (including the payment of postage with respect to such mailing) of the
Registration Statement, the Preliminary Sale Prospectus and the Prospectus, including any pre- or post-effective amendments or
supplements thereto, and the printing and mailing of this Agreement and related documents, including the cost of all copies thereof
and any amendments thereof or supplements thereto supplied to the Underwriters in quantities as may be required by the Underwriters,
(iii) fees incurred in connection with conducting background checks of the Company’s management team, up to a maximum of
$4,000 per U.S. person and $5,000 per non-U.S. person, (iv) expenses relating to the preparation, printing, engraving, issuance and
delivery of the Units, the Ordinary Shares and the Warrants included in the Units, including any transfer or other taxes payable
thereon, (v) filing fees incurred in registering the Offering with FINRA and the reasonable fees of counsel of the Underwriters
related thereto and in connection therewith, not to exceed $15,000), (vi) fees, costs and expenses incurred in listing the
Public Securities on Nasdaq or such other stock exchanges as the Company and the Underwriters together determine, (vii) all
fees and disbursements of the transfer and warrant agent, (viii) all of the Company’s expenses associated with “due
diligence” and “road show” meetings arranged by the Representative and any presentations made available by way of
a netroadshow, including without limitation trips for the Company’s management to meet with prospective investors, all travel,
food and lodging expenses associated with such trips incurred by the Company or such management, and (ix) all other costs and
expenses customarily borne by an issuer incident to the performance of its obligations hereunder which are not otherwise
specifically provided for in this Section 3.10; provided that the expenses reimbursed to or paid on behalf of the
Underwriters (as governed by FINRA Rule 5110.01) shall not exceed $75,000 in the aggregate (including legal fees and fees
related to FINRA matters). If the Offering is consummated, the Representative may deduct from the net proceeds of the Offering
payable to the Company on the Closing Date the expenses set forth above (which shall be mutually agreed upon between the Company and
the Representative prior to the Closing Date) to be paid by the Company to the Representative and others. If the Offering is not
consummated for any reason (other than a breach by the Representative of any of their obligations hereunder), then the Company shall
reimburse the Representative in full for its reasonable and documented out-of-pocket accountable expenses actually incurred through
such date, including, without limitation, reasonable fees and disbursements of counsel to the Representative. In addition, in the
event that the Company requests that any of the Underwriters undertake any financial and/or capital markets advisory activities or
services and/or placement agency activities or services (such activities, the “Business Combination Services,”
and such Underwriters, “Business Combination Advisors”), the Company hereby agrees to pay all reasonable and
documented out-of-pocket expenses (including, for the avoidance of doubt, background checks and legal expenses of external counsel)
incurred by such Business Combination Advisor in connection therewith and with supporting such Business Combination Advisor’s
Due Diligence Defense (as defined in Section 3.33); provided further, however, that the aggregate amount of such expenses
(including legal expenses) reimbursable by the Company shall not exceed $400,000 if the Business Combination is consummated, and
$250,000 if the Business Combination is not consummated, without the Company’s prior written consent (such consent not to be
unreasonably withheld, conditioned or delayed). The Underwriter will notify the Company when it proposes to engage legal counsel to
assist in supporting its Due Diligence Defense; however, for the avoidance of doubt, failure to timely notify the Company of such
engagement shall not negate the Company’s expense reimbursement obligations set forth herein.
3.11
Application of Net Proceeds. The Company will apply the net proceeds from the Offering and Private Placement received by
it in a manner consistent in all material respects with the application described under the caption “Use of Proceeds” in the
Prospectus.
3.12
Delivery of Earnings Statements to Security Holders. The Company will make generally available to its security holders as
soon as practicable, an earnings statement (which need not be certified by independent public or independent certified public accountants
unless required by the Act or the Regulations, but which shall satisfy the provisions of Rule 158(a) under Section 11(a) of
the Act) covering a period of at least twelve (12) consecutive months beginning after the Effective Date.
3.13
Notice to the Representative or FINRA.
3.13.1
Notice to the Representative. For a period of sixty (60) days after the date of the Prospectus, in the event any person
or entity (regardless of any FINRA affiliation or association) is engaged, in writing, to assist the Company in its search for a Target
Business or to provide any other services in connection therewith, the Company will provide the following to the Representative prior
to the consummation of the Business Combination: (i) complete details of all services and copies of agreements governing such services;
and (ii) justification as to why the person or entity providing the merger and acquisition services should not be considered a Participating
Member with respect to the Offering. The Company also agrees that, if required by law, proper disclosure of such arrangement or potential
arrangement will be made in the tender offer documents or proxy statement which the Company will file with the Commission in connection
with the Business Combination.
3.13.2
FINRA. The Company shall advise the Representative (who shall make an appropriate filing with FINRA) if it is aware that
any 10% or greater shareholder of the Company becomes an affiliate or associated person of a Participating Member.
3.13.3
Broker/Dealer. In the event the Company intends to register as a broker/dealer, merge with or acquire a registered broker/dealer,
or otherwise become a member of FINRA, it shall promptly notify FINRA.
3.14
Stabilization. Neither the Company, nor, to its knowledge, assuming reasonable inquiry, any of its employees, directors
or shareholders (without the consent of the Representative) has taken and the Company will not take, and has directed its employees, directors
or shareholders not to take, directly or indirectly, any action, without the consent of the Representative, designed to or that has constituted
or that might reasonably be expected to cause or result in, under the Exchange Act, or otherwise, stabilization or manipulation of the
price of any security of the Company to facilitate the sale or resale of the Units.
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3.15
Existing Lock-Up Agreement. The Company will use its best efforts to enforce all existing agreements between the Company
and any of its security holders that prohibit the sale, transfer, assignment, pledge or hypothecation of any of the Securities in connection
with the Offering. In addition, the Company will direct the Company’s transfer agent to place stop transfer restrictions upon any
such Securities of the Company that are bound by such existing “lock-up” agreements for the duration of the periods contemplated
in such agreements.
3.16
Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Business Combination,
the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Representative
for its own account, in accordance with Section 1.3; provided that the Representative has signed the joint instruction letter
attached as an exhibit to the Trust Agreement. The Underwriters shall have no claim to payment of any interest earned on the portion of
the proceeds representing the Deferred Underwriting Commission.
3.17
Internal Controls. The Company will maintain a system of internal accounting controls sufficient to provide reasonable assurances
that: (i) transactions are executed in accordance with management’s general or specific authorization, (ii) transactions
are recorded as necessary in order to permit preparation of financial statements in accordance with GAAP and to maintain accountability
for assets, (iii) access to assets is permitted only in accordance with management’s general or specific authorization, and
(iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken
with respect to any differences.
3.18
Accountants. Until the earlier of the consummation of the Company’s initial Business Combination or until such earlier
time upon which the Company is required to be liquidated, the Company shall retain Withum or another independent registered public accounting
firm reasonably acceptable to the Representative.
3.19
Form 8-K. The Company shall, on or prior to the date hereof, retain its independent registered public accounting firm
to audit the balance sheet of the Company as of the Closing Date (“Audited Financial Statements”) reflecting the receipt
by the Company of the proceeds of the Offering and the Private Placement. Within four (4) Business Days after the Closing Date, the Company
shall file a Current Report on Form 8-K with the Commission, which Report shall contain the Company’s Audited Financial Statements.
Promptly, and no later than four (4) Business Days, after the Option Closing Date, if the Over-allotment Option is exercised after the
Closing Date, the Company shall file with the Commission a Current Report on Form 8-K or an amendment to the Form 8-K, which
report shall disclose the Company’s sale of the Option Units and its receipt of the proceeds therefrom, unless the receipt of such
proceeds is reflected in the Current Report on Form 8-K referenced in the immediately prior sentence.
3.20
Corporate Proceedings. All corporate proceedings and other legal matters necessary to carry out the provisions of this Agreement
and the transactions contemplated hereby shall have been effected, except where failure to do so would not individually or in the aggregate,
have a Material Adverse Effect.
3.21
Investment Company. The Company shall cause the proceeds of the Offering to be held in the Trust Account to be invested
only as provided for in the Trust Agreement and disclosed in the Prospectus. The Company will otherwise conduct its business in a manner
so that it will not become subject to the Investment Company Act. Furthermore, once the Company consummates a Business Combination, it
shall be engaged in a business other than that of investing, reinvesting, owning, holding or trading securities.
3.22
Amendments to Charter Documents. The Company covenants and agrees, that, prior to its initial Business Combination, it will
not seek to amend or modify its Charter Documents, except as set forth therein.
3.23
Press Releases. The Company agrees that it will not issue press releases or engage in any other publicity, without the Representative’s
prior written consent (not to be unreasonably withheld), for a period of twenty-five (25) days after the Closing Date. Notwithstanding
the foregoing, in no event shall the Company be prohibited from issuing any press releases or engaging in any other publicity required
by law, except that including the name of any Underwriter therein shall require the prior written consent of such Underwriter (not to
be unreasonably withheld, delayed or conditioned).
3.24 Insurance.
Until the earlier of the Company’s initial Business Combination or until such time upon which the Company is liquidated, the
Company will maintain directors’ and officers’ insurance (including, without limitation, insurance covering the
Company’s directors and officers for liabilities or losses arising in connection with this Offering, including, without
limitation, liabilities or losses arising under the Act, the Exchange Act, the Regulations and any applicable foreign securities
laws).
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3.25
Electronic Prospectus. The Company shall cause to be prepared and delivered to the Underwriters, at the Company’s
expense, promptly, but in no event later than two (2) Business Days from the effective date of this Agreement, an Electronic Prospectus
to be used by the Underwriters in connection with the Offering. As used herein, the term “Electronic Prospectus” means
a form of prospectus, and any amendment or supplement thereto, that meets each of the following conditions: (i) it shall be encoded
in an electronic format, satisfactory to the Representative, that may be transmitted electronically by the Underwriters to offerees and
purchasers of the Units for at least the period during which a prospectus relating to the Units is required to be delivered under the
Act; (ii) it shall disclose the same information as the paper prospectus and prospectus filed pursuant to EDGAR, except to the extent
that graphic and image material cannot be disseminated electronically, in which case such graphic and image material shall be replaced
in the electronic prospectus with a fair and accurate narrative description or tabular representation of such material, as appropriate;
and (iii) it shall be in or convertible into a paper format or an electronic format, satisfactory to the Representative, that will
allow recipients thereof to store and have continuously ready access to the prospectus at any future time, without charge to such recipients
(other than any fee charged for subscription to the Internet as a whole and for on-line time).
3.26
Private Placement Proceeds. On or prior to the Effective Date, certain of the proceeds from the Private Placement provided
by the Sponsor and the Representative shall be deposited into the Trust Account in accordance with the Purchase Agreements.
3.27
Future Financings. The Company agrees that neither it, nor any successor or subsidiary of the Company, will consummate any
public or private equity or debt financing prior to, or in connection with, the consummation of a Business Combination, unless all investors
in such financing expressly waive, in writing, any rights in or claims against the Trust Account.
3.28
Amendments to Agreements. The Company shall not amend, modify or otherwise change Section 8 of the Insider Letter (with
respect to lock-ups) without the prior written consent of the Representative, which will not be unreasonably delayed, conditioned or withheld
by the Representative. Furthermore, the Trust Agreement shall provide that the trustee is required to obtain a joint written instruction
signed by both the Company and the Representative with respect to the transfer of the funds held in the Trust Account from the Trust Account,
prior to commencing any liquidation of the assets of the Trust Account in connection with the consummation of any Business Combination,
and such provision of the Trust Agreement shall not be permitted to be amended without the prior written consent of the Representative.
3.29
Maintenance of Listing on Nasdaq. Until the consummation of a Business Combination, the Company will use its reasonable
best efforts to maintain the listing of the Units, Public Shares and Public Warrants on Nasdaq or a national securities exchange acceptable
to the Representative.
3.30
Reservation of Shares. The Company will reserve and keep available that maximum number of its authorized but unissued securities
which are issuable upon exercise of the Warrants outstanding from time to time.
3.31
Notice of Disqualification Events. The Company will notify the Underwriters in writing, prior to the Closing Date, of (i) any
Disqualification Event relating to any Company Covered Person and (ii) any event that would, with the passage of time, become a Disqualification
Event relating to any Company Covered Person.
3.32
Disqualification of S-1. Until the earlier of seven (7) years from the date hereof or until the Warrants have either expired
and are no longer exercisable or have all been exercised or redeemed, the Company will not take any action or actions that prevent or
disqualify the Company’s use of Form S-1 (or other appropriate form) for the registration of the Ordinary Shares issuable upon
exercise of the Warrants under the Act.
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3.33 Business
Combination Securities Disclosure Documents. If any securities are issued pursuant to any registration statement or tender offer
document filed with the Commission in connection with the consummation of the Business Combination by the Company, a Target Business
or any direct or indirect parent or subsidiary of any of them (any such issuer or co-issuer, a “Registrant,” and
any such securities, the “Business Combination Securities”), the Company shall, upon request by any Business
Combination Advisor, use its reasonable best efforts to provide or cause to be provided to such Business Combination Advisor
information and access to all persons, properties and documents to the extent necessary for such Business Combination Advisor to
complete a due diligence investigation sufficient (in the view of such Business Combination Advisor in its sole discretion) to
provide such Business Combination Advisor with a “reasonable due diligence” defense (a “Due Diligence
Defense”). As used herein, the term “reasonable due diligence” means a reasonable investigation that provides
the investigating person a reasonable ground to believe that at the time of the applicable offer, issuance or distribution of any
Business Combination Securities, no registration statement, preliminary or final prospectus, proxy statement, tender offer document
or offering memorandum, including, without limitation, any document incorporated by reference into any of the foregoing, or any
amendment or supplement to any of the foregoing, or any other marketing document used by any Registrant, filed with or furnished by
the Company to the Commission in connection with the Business Combination but excluding any filing under Rule 425 of the Act or
Rule 14a-12 of the Exchange Act (each, a “Business Combination Securities Disclosure Document”), in each
case relating to such offer, issuance or distribution, contained an untrue statement of a material fact or omitted to state a
material fact required to be stated therein or necessary to make the statements made therein, in the light of the circumstances
under which they were made, not misleading. The Company agrees that it will use its reasonable best efforts to provide to such
Business Combination Advisor notice of each filing under Rule 425 of the Act or Rule 14a-12 of the Exchange Act and each
other form of public communication about the Business Combination reasonably in advance of such filing or public communication. The
Company further covenants that it will use its reasonable best efforts to ensure that any projections provided to such Business
Combination Advisor by any Registrant or prepared by any Registrant or any representative of such Registrant (a “Registrant
Representative”) and contained in any Business Combination Securities Disclosure Document, in each case, at the time they
were prepared, will have been prepared in good faith and will be based upon assumptions which, in the light of the circumstances
under which they are made, were reasonable at the time they were prepared.
3.34
Obligations in Connection with Business Combination. If requested in writing by a Business Combination Advisor, the following
shall apply:
3.34.1 Prior to entering
into any definitive agreement with respect to the Business Combination (or amendment thereto) and until such time as such Business
Combination is consummated:
(a) The Company agrees to
notify such Business Combination Advisor with respect to, and to permit such Business Combination Advisor, at its request, to
participate in, all diligence sessions with any Registrant or any Registrant Representative and all drafting sessions in respect of
any Business Combination Securities Disclosure Document.
(b)
The Company shall use its commercially reasonable efforts to provide drafts of all Business Combination Securities Disclosure Documents
to such Business Combination Advisor and its legal counsel reasonably in advance of the filing by the Company (or, if such filing is to
be made by a Registrant other than the Company, any filing which is required to be approved by the Company) of any Business Combination
Securities Disclosure Document with the Commission or the circulation by any Registrant of any Business Combination Securities Disclosure
Document to any prospective investor (or, if such filing or circulation is to be made by a Registrant other than the Company, any filing
or circulation which is required to be approved by the Company), sufficient to allow such Business Combination Advisor and its legal counsel
an opportunity to comment on such Business Combination Securities Disclosure Document before its filing or circulation. The Company shall
not effect (i) a filing or furnishing to the Commission of any Business Combination Securities Disclosure Document which names any of
the Underwriters, their employees or their affiliates, or (ii) the issuance by the Company of any press release or the publication by
the Company of any other communication in any form if such communication relates to the Business Combination which names any of the Underwriters,
their employees or their affiliates, without the consent of such Underwriter, which consent shall not unreasonably be withheld, delayed
or conditioned.
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3.34.2 Notwithstanding any
provision to the contrary herein, the Company agrees (i) that such Business Combination Advisor shall have the right, in
connection with its reasonable due diligence under Section 3.33, to retain counsel and other consultants and experts as
it may deem necessary or desirable in connection with its reasonable due diligence under Section 3.34.1 (it being
understood that the retention of any such consultant or expert or other advisor, other than outside legal counsel, will be made with
the prior written approval of the Company, which approval will not be unreasonably withheld, conditioned or delayed); (ii) to
use its best efforts to ensure that each counsel to the Company and to any other Registrant provides customary negative assurance
letters to such Business Combination Advisor dated as of (x) the date of effectiveness of the Business Combination Securities
Disclosure Document, and (y) the date of the shareholder vote to approve the Business Combination, in form and substance
reasonably satisfactory to the such Business Combination Advisor, and (iii) to use its best efforts to ensure that each
accounting firm or firms that were retained by the Company or by any other Registrant and that have audited any financial statements
set forth in any Business Combination Securities Disclosure Document provide customary “comfort letters” to such
Business Combination Advisor dated as of (x) the date of effectiveness of the Business Combination Securities Disclosure
Document, and (y) the date of the shareholder vote to approve the Business Combination. Notwithstanding anything to the
contrary herein, the delivery of each of the negative assurance letters described in clause 3.34.2(ii) shall be contingent upon (A)
the delivery of negative assurance letters by counsel to the Target Business and such Underwriter, (B) the delivery of the comfort
letters described in clause 3.34.2(iii) and (C) the delivery of customary certificates from the chief executive officer or chief
financial officer of each of the Company and the Target Business in the form and substance reasonably requested by such Business
Combination Advisor.
3.34.3
In connection with the Business Combination, to the extent the Company retains an unaffiliated party (the “Fairness Opinion
Provider”) to prepare a report and provide an opinion (the “Fairness Opinion”) concerning the fairness, from
a financial point of view, of the Business Combination to the Company and its unaffiliated shareholders, the Company shall, pursuant to,
and in accordance with, applicable law, disclose in reasonable detail in a Business Combination Securities Disclosure Document the results
of that report and necessary or appropriate, a copy of that report. Each Registrant shall provide the Fairness Opinion Provider with all
information and access to persons and documents that the Fairness Opinion Provider deems reasonably necessary and appropriate in connection
with the preparation of its Fairness Opinion.
3.34.4
Prior to the consummation of the Business Combination, the Company shall use its reasonable best efforts to include in the definitive
agreement for the Business Combination (i) a covenant for the assignment and assumption, by the public entity resulting from the
initial Business Combination, of all of the Company’s obligations hereunder that survive the Business Combination Closing and (ii) that
such Business Combination Advisor may rely on the representations and warranties contained therein as if it were a party thereto. The
Company shall use its best efforts to ensure that each Target Business in the Business Combination agrees to deliver to such Business
Combination Advisor a certificate of an officer of such Target Business stating that to such officer’s knowledge the representations
and warranties made by the Target Business in the definitive agreement for the Business Combination are true and correct as of the date
of such certificate, subject to (A) a customary materiality standard, (B) any applicable carve-out with reference to disclosure
included in the Business Combination Securities Disclosure Document and (C) required adjustments for such representations and warranties
that speak as of a specific date. In addition, in connection with the Business Combination, the Company will, and will use its reasonable
best efforts to cause each Registrant to, comply in all material respects (x) with the obligations and covenants of the Company which
relate to the period following the Business Combination Closing set forth in Sections 3 and 5 of this Agreement and
(y) with all laws, rules and regulations applicable either to the Registrant and its business activities or to the Business Combination,
as such laws, rules and regulations may be in effect at the time of the consummation of the Business Combination.
3.34.5
To the extent that the Company and/or the Target Business have engaged any financial, capital markets and/or other advisors, placement
or other agents that are broker-dealers registered with FINRA (including any of their subsidiaries and affiliates, “Other Advisors”)
in connection with the Business Combination, and such Other Advisors conduct due diligence and participate in due diligence calls and
sessions with the Company and/or the Target Business in connection therewith, and receive any due diligence deliverables (including, but
not limited to, “comfort letters” from the Company’s and the Target Business’s auditors and “negative assurance”
letters from the Company’s and the Target Business’s external legal counsel, and any other certificates, opinions or other
deliverables), then, the Underwriters shall be entitled to receive the same, participate therein or rely thereon.
3.34.6
Nothing herein shall be deemed to require the Underwriters to limit their rights to compensation or to reimbursement of expenses
without their express agreement or otherwise to assume any liability other than as may be expressly required under the Act.
3.34.7
The Company acknowledges and agrees that nothing in this Section 3.34 shall be interpreted to obligate the Underwriters
to take any action, or to refrain from taking any action, in connection with the Business Combination and any such actions will be undertaken
by each Underwriter, in respect of itself, in its sole discretion.
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4.
Conditions of Underwriters’ Obligations. The obligations of the Underwriters to purchase and pay for the Units, as
provided herein, shall be subject to the continuing accuracy of the representations and warranties of the Company as of the date hereof
and as of each of the Closing Date and the Option Closing Date, if any, to the accuracy of the statements of officers of the Company made
pursuant to the provisions hereof and to the performance by the Company of its obligations hereunder and to the following conditions:
4.1
Regulatory Matters.
4.1.1
Effectiveness of Registration Statement. The Registration Statement shall have become effective not later than 4:00 p.m.,
New York time, on the date of this Agreement or such later date and time as shall be consented to in writing by the Representative,
and, at each of the Closing Date and the Option Closing Date, no stop order suspending the effectiveness of the Registration Statement
shall have been issued and no proceedings for the purpose shall have been instituted or shall be pending or contemplated by the Commission
and any request on the part of the Commission for additional information shall have been complied with to the reasonable satisfaction
of EGS.
4.1.2
FINRA Clearance. By the Effective Date, the Underwriters shall have received a letter of no objections from FINRA as to
the terms and arrangement and amount of compensation allowable or payable to the Underwriters as described in the Registration Statement.
4.1.3
No Stop Orders. At the Closing Date and on each Option Closing Date, the Commission has not issued any order or threatened
to issue any order preventing or suspending the use of any Preliminary Prospectus, the Prospectus or any part thereof, and has not instituted
or, to the Company’s knowledge, assuming reasonable inquiry, threatened to institute any proceedings with respect to such an order.
To the Company’s knowledge, no order suspending the sale of the Units shall have been issued in any jurisdiction within which Units
are intended to be sold in the Offering on either the Closing Date or the Option Closing Date and (ii) no proceedings for the purpose
of issuing such a suspension order shall have been instituted or contemplated.
4.1.4
Approval of Listing on Nasdaq. The Securities shall have been approved for listing on Nasdaq, subject to official notice
of issuance and evidence of satisfactory distribution, satisfactory evidence of which shall have been provided to the Representative.
4.2
Company Counsel Matters.
4.2.1
Closing Date and Option Closing Date Opinions of Counsel. On the Closing Date and the Option Closing Date, if any, the Representative
shall have received the favorable opinions and negative assurance statements of DLA Piper LLP (US) and the favorable opinion of Conyers
Dill & Pearman LLP, dated the Closing Date or the Option Closing Date, as the case may be, addressed to the Representative as representative
for the several Underwriters and in form and substance reasonably satisfactory to the Representative and EGS. On the Closing Date and
the Option Closing Date, the Representative shall have received the favorable opinion and negative assurance statement of EGS, dated the
Closing Date or the Option Closing Date, as the case may be, addressed to the Representative as representative for the several Underwriters.
4.2.2
Reliance. In rendering such opinions, such counsels may rely as to matters of fact, to the extent they deem proper, on certificates
or other written statements of directors or officers of the Company and officers of departments of various jurisdictions having custody
of documents respecting the corporate existence or good standing of the Company, provided that copies of any such statements or certificates
shall be delivered to the Representative’s counsel if requested.
4.3
Comfort Letter. At the time this Agreement is executed, and at the Closing Date and Option Closing Date, if any, the Representative
shall have received a letter, addressed to the Representative as representative for the several Underwriters and in form and substance
satisfactory in all respects (including the non-material nature of the changes or decreases, if any, referred to in Section 4.3.3
below) to the Representative, from Withum dated, respectively, as of the date of this Agreement and as of the Closing Date and Option
Closing Date, if any:
4.3.1 Confirming that they
are an independent registered public accounting firm with respect to the Company within the meaning of the Act and the applicable
Regulations and that they have not, during the periods covered by the financial statements included in the Registration Statement,
Preliminary Prospectus, Sale Preliminary Prospectus and the Prospectus, provided to the Company any non-audit services, as such term
is used in Section 10A(g) of the Exchange Act;
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4.3.2
Stating that in their opinion the financial statements of the Company included in the Registration Statement, the Sale Preliminary
Prospectus and the Prospectus comply as to form in all material respects with the applicable accounting requirements of the Act and the
published Regulations thereunder;
4.3.3
Stating that, on the basis of their review, which included a reading of the latest available unaudited interim financial statements
of the Company (with an indication of the date of the latest available unaudited interim financial statements), a reading of the latest
available minutes of the shareholders and Board of Directors and the various committees of the Board of Directors, consultations with
officers and other employees of the Company responsible for financial and accounting matters and other specified procedures and inquiries,
nothing has come to their attention that would lead them to believe that (a) the unaudited financial statements of the Company included
in the Registration Statement, the Sale Preliminary Prospectus and the Prospectus do not comply as to form in all material respects with
the applicable accounting requirements of the Act and the Regulations or are not fairly presented in conformity with GAAP applied on a
basis substantially consistent with that of the audited financial statements of the Company included in the Registration Statement, the
Sale Preliminary Prospectus and the Prospectus, or (b) at a date not later than five (5) days prior to the Effective Date, Closing
Date or Option Closing Date, as the case may be, there was any change in the share capital or long-term debt of the Company, or any decrease
in the shareholders’ equity of the Company as compared with amounts shown in the March 31, 2026 balance sheet included in the Registration
Statement, the Sale Preliminary Prospectus and the Prospectus, other than as set forth in or contemplated by the Registration Statement,
the Sale Preliminary Prospectus and the Prospectus or, if there was any decrease, setting forth the amount of such decrease, and (c) during
the period from March 31, 2026 to a specified date not later than five (5) days prior to the Effective Date, Closing Date or Option Closing
Date, as the case may be, there was any decrease in revenues, net earnings or net earnings per Ordinary Share, in each case as compared
with the corresponding period in the preceding year and as compared with the corresponding period in the preceding quarter, other than
as set forth in or contemplated by the Registration Statement the Sale Preliminary Prospectus and the Prospectus, or, if there was any
such decrease, setting forth the amount of such decrease;
4.3.4
Stating that they have compared specific dollar amounts, numbers of shares, percentages of revenues and earnings, statements and
other financial information pertaining to the Company set forth in the Registration Statement, the Sale Preliminary Prospectus and the
Prospectus in each case to the extent that such amounts, numbers, percentages, statements and information may be derived from the general
accounting records, including work sheets, of the Company and excluding any questions requiring an interpretation by legal counsel, with
the results obtained from the application of specified readings, inquiries and other appropriate procedures (which procedures do not constitute
an examination in accordance with generally accepted auditing standards) set forth in the letter and found them to be in agreement;
4.3.5
Stating that they have not, since the Company’s incorporation, brought to the attention of the Company’s management
any reportable condition related to internal structure, design or operation as defined in the Statement on Auditing Standards No. 60 “Communication
of Internal Control Structure Related Matters Noted in an Audit,” in the Company’s internal controls; and
4.3.6
Statements as to such other matters incident to the transaction contemplated hereby as the Representative or EGS may reasonably
request, including: (i) that Withum is registered with the Public Company Accounting Oversight Board; (ii) that Withum has sufficient
assets and insurance to pay for any liability incurred by it relating to providing the letter; and (iii) that Withum is not insolvent.
4.4
Officers’ Certificates.
4.4.1 Officers’
Certificate. At each of the Closing Date and the Option Closing Date, if any, the Representative shall have received a
certificate of the Company signed by the Chairman of the Board or the Chief Executive Officer, the President, the Chief Financial
Officer of the Company, or any similar or equivalent officer of the Company (in their capacities as such), dated the Closing Date or
the Option Closing Date, as the case may be, respectively, to the effect that the Company has performed all covenants and complied
with all conditions required by this Agreement to be performed or complied with by the Company prior to and as of the Closing Date,
or the Option Closing Date, as the case may be, and that the conditions set forth in Section 4 hereof have been
satisfied as of such date and that, as of Closing Date and the Option Closing Date, as the case may be, the representations and
warranties of the Company set forth in Section 2 hereof are true and correct. In addition, the Representative will have
received such other and further certificates of officers of the Company (in their capacities as such) as the Representative may
reasonably request.
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4.4.2
Secretary’s Certificate. At each of the Closing Date and the Option Closing Date, if any, the Representative shall
have received a certificate of the Company signed by a director or an officer of the Company, dated the Closing Date or the Option Closing
Date, as the case may be, respectively, certifying (i) that the Charter Documents are true and complete, have not been modified and
are in full force and effect, (ii) that the resolutions of the Company’s Board of Directors relating to the public offering
contemplated by this Agreement are in full force and effect and have not been modified, (iii) as to the accuracy and completeness
of all correspondence between the Company or its counsel and the Commission, (iv) as to the accuracy and completeness of all correspondence
between the Company or its counsel and Nasdaq; (v) as to the accuracy and completeness of all resolutions of the shareholders of
the Company; and (vi) as to the incumbency of the officers of the Company. The documents referred to in such certificate shall be
attached to such certificate.
4.5
No Material Changes. Prior to and on each of the Closing Date and the Option Closing Date, if any, (i) there shall
have been no material adverse change or development involving a prospective material adverse change in the condition or prospects or the
business activities, financial or otherwise, of the Company from the latest dates as of which such condition is set forth in the Registration
Statement and the Prospectus, (ii) no action suit or proceeding, at law or in equity, shall have been pending or threatened against
the Company or any Insider before or by any court or federal, foreign or state commission, board or other administrative agency wherein
an unfavorable decision, ruling or finding may materially adversely affect the business, operations, or financial condition or income
of the Company, except as set forth in the Registration Statement and the Prospectus, (iii) no stop order shall have been issued
under the Act and no proceedings therefor shall have been initiated or, to the Company’s knowledge, assuming reasonable inquiry,
threatened by the Commission, and (iv) the Registration Statement, the Sale Preliminary Prospectus and the Prospectus and any amendments
or supplements thereto shall contain all material statements which are required to be stated therein in accordance with the Act and the
Regulations and shall conform in all material respects to the requirements of the Act and the Regulations, and neither the Registration
Statement, the Sale Preliminary Prospectus nor the Prospectus nor any amendment or supplement thereto shall contain any untrue statement
of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the
light of the circumstances under which they were made, not misleading.
4.6
Delivery of Transaction Documents. On the Effective Date, the Company shall have delivered to the Representative executed
copies of the Transaction Documents.
4.7
Private Placements. On the Closing Date, the Private Placement shall have been completed in accordance with Sections 1.4,
2.21.2, 2.21.3 and 3.26 of this Agreement.
4.8
Good Standing. The Representative shall have received on and as of (i) the Effective Date, and (ii) the Closing
Date or the Option Closing Date, as the case may be, satisfactory evidence of the good standing of the Company in its jurisdiction of
organization in writing or any standard form of telecommunication from the appropriate governmental authorities of such jurisdiction.
4.9
Trust Waiver. The Company has received waivers from all vendors and service providers to all claims on amounts in the Trust
Account which are to be distributed to the Company’s shareholders in accordance with the terms of the Trust Agreement, except for
(i) Withum and (ii) the Representative with respect to the Deferred Underwriting Commission.
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5.
Indemnification and Contribution.
5.1
Indemnification.
5.1.1 Indemnification
of the Underwriters. The Company agrees to indemnify and hold harmless each Underwriter, its affiliates and their respective
partners, members, directors, officers, employees and agents, and each person, if any, who controls each Underwriter or any
affiliate within the meaning of Section 15 of the Act or Section 20 of the Exchange Act (each, an “Indemnified
Person”) as follows:
(a)
against any and all loss, liability, claim, damage and reasonably incurred and documented out of pocket expense whatsoever, as
reasonably incurred, joint or several, arising out of or based upon any untrue statement or alleged untrue statement of a material fact
contained in the Registration Statement (or any amendment thereto), or the omission or alleged omission therefrom of a material fact required
to be stated therein or necessary to make the statements therein not misleading, or arising out of any untrue statement or alleged untrue
statement of a material fact included in any preliminary prospectus, Sale Preliminary Prospectus, any Testing-the-Waters Communication,
the Prospectus or any Business Combination Securities Disclosure Document (or any amendment or supplement to the foregoing), or the omission
or alleged omission therefrom of a material fact necessary in order to make the statements therein, in the light of the circumstances
under which they were made, not misleading;
(b)
against any and all loss, liability, claim, damage and reasonably incurred and documented out of pocket expense whatsoever, as
reasonably incurred, joint or several, to the extent of the aggregate amount paid in settlement of any litigation, or any investigation
or proceeding by any governmental authority, commenced or threatened, or of any claim whatsoever based upon any such untrue statement
or omission, or any such alleged untrue statement or omission; provided that (subject to Section 5.1.4) any such settlement
is effected with the written consent of the Company, which consent shall not unreasonably be delayed, conditioned or withheld;
(c)
against any and all claims, actions, suits, proceedings, damages, liabilities and reasonably incurred and documented out of pocket
expenses incurred by any of them (including the reasonable fees and expenses of counsel), as incurred, that are related to or arise out
of any Business Combination Services undertaken by any Business Combination Advisor, provided that the Company will not, however, be responsible
to an Indemnified Person for any portion of any such claim, action, suit, proceeding, damage, liability or expense that is finally judicially
determined by a court of competent jurisdiction (not subject to further appeal) to have resulted primarily and directly from the bad faith,
gross negligence or willful misconduct of the Indemnified Person seeking such indemnification;
(d)
against any and all expense whatsoever, as reasonably incurred (including the fees and disbursements of counsel), reasonably incurred
in investigating, preparing or defending against any litigation, or any investigation or proceeding by any governmental authority, commenced
or threatened, or any claim whatsoever based upon any such untrue statement or omission, or any such alleged untrue statement or omission
(whether or not a party), to the extent that any such expense is not paid under (a), (b) or (c) above; and
(e)
against any and all loss, liability, claim, damage and expense whatsoever, as reasonably incurred, joint or several, arising out
of the Company’s failure to provide any of the information and access to persons, properties and documents required to be provided
under Section 3.33 hereof;
provided, however, that the
foregoing agreement shall not apply to any loss, liability, claim, damage or expense to the extent arising out of any untrue statement
or omission or alleged untrue statement or omission made solely in reliance upon and in conformity with the Underwriters’ Information
(and, in connection with any Business Combination, similar information provided by or on behalf of the Business Combination Advisors expressly
for use in any Business Combination Securities Disclosure Document).
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5.1.2
Indemnification of the Company, its Directors and Officers. Each Underwriter agrees, severally and not jointly, to indemnify
and hold harmless the Company, and its directors, each officer of the Company who signed the Registration Statement and each person, if
any, who controls the Company within the meaning of Section 15 of the Act or Section 20 of the Exchange Act, against any and
all loss, liability, claim, damage and reasonably incurred and documented expense described in the indemnity contained in Section 5.1.1,
as incurred, but only with respect to untrue statements or omissions, or alleged untrue statements or omissions, made in the Registration
Statement, any preliminary prospectus, the Sale Preliminary Prospectus, any Testing-the-Waters Communication or the Prospectus (or any
amendment or supplement to the foregoing), in reliance upon and in conformity with the Underwriters’ Information.
5.1.3 Notifications and
Other Indemnification Procedures. Any party that proposes to assert the right to be indemnified under this Section 5.1
will, promptly after receipt of notice of commencement of any action against such party in respect of which a claim is to be made
against an indemnifying party or parties under this Section 5.1, notify each such indemnifying party of the commencement
of such action, enclosing a copy of all papers served, but the omission so to notify such indemnifying party will not relieve the
indemnifying party from (i) any liability that it might have to any indemnified party otherwise than under this Section 5.1
and (ii) any liability that it may have to any indemnified party under the foregoing provision of this Section 5.1
unless, and only to the extent that, such omission results in the forfeiture of substantive rights or defenses by the indemnifying
party. If any such action is brought against any indemnified party and it notifies the indemnifying party of its commencement, the
indemnifying party will be entitled to participate in and, to the extent that it elects by delivering written notice to the
indemnified party promptly after receiving notice of the commencement of the action from the indemnified party, jointly with any
other indemnifying party similarly notified, to assume the defense of, the action, with counsel reasonably satisfactory to the
indemnified party, and after notice from the indemnifying party to the indemnified party of its election to assume the defense, the
indemnifying party will not be liable to the indemnified party for any other legal expenses except as provided below and except for
the reasonable costs of investigation subsequently incurred by the indemnified party in connection with the defense. The indemnified
party will have the right to employ its own counsel in any such action, but the fees, expenses and other charges of such counsel
will be at the expense of such indemnified party unless (A) the employment of counsel by the indemnified party has been
authorized in writing by the indemnifying party, (B) the indemnified party has reasonably concluded (based on advice of
counsel) that there may be legal defenses available to it or other indemnified parties that are different from or in addition to
those available to the indemnifying party, (C) a conflict or potential conflict exists (based on advice of counsel to the
indemnified party) between the indemnified party and the indemnifying party (in which case the indemnifying party will not have the
right to direct the defense of such action on behalf of the indemnified party) or (D) the indemnifying party has not in fact
employed counsel to assume the defense of such action or counsel reasonably satisfactory to the indemnified party, in each case,
within a reasonable time after receiving notice of the commencement of the action; in each of which cases the reasonable and
documented fees, disbursements and other charges of counsel will be at the expense of the indemnifying party or parties. It is
understood that the indemnifying party or parties shall not, in connection with any proceeding or related proceedings in the same
jurisdiction, be liable for the reasonable and documented fees, disbursements and other charges of more than one (1) separate firm
admitted to practice in such jurisdiction (plus local counsel) at any one time for all such indemnified party or parties. All such
fees, disbursements and other charges will be reimbursed by the indemnifying party promptly as they are incurred. An indemnifying
party will not, in any event, be liable for any settlement of any action or claim effected without its written consent. No
indemnifying party shall, without the prior written consent of each indemnified party, settle or compromise or consent to the entry
of any judgment in any pending or threatened claim, action or proceeding relating to the matters contemplated by this Section 5
(whether or not any indemnified party is a party thereto), unless such settlement, compromise or consent (x) includes an
express and unconditional release of each indemnified party, in form and substance reasonably satisfactory to such indemnified
party, from all liability arising out of such litigation, investigation, proceeding or claim and (y) does not include a
statement as to or an admission of fault, culpability or a failure to act by or on behalf of any indemnified party.
5.1.4
Settlement Without Consent if Failure to Reimburse. If an indemnified party shall have requested an indemnifying party to
reimburse the indemnified party for reasonable fees and expenses of counsel, such indemnifying party agrees that it shall be liable for
any settlement of the nature contemplated by Section 5.1.1(b) effected without its written consent if (i) such settlement
is entered into more than forty-five (45) days after receipt by such indemnifying party of the aforesaid request, (ii) such indemnifying
party shall have received notice of the terms of such settlement at least thirty (30) days prior to such settlement being entered into
and (iii) such indemnifying party shall not have reimbursed such indemnified party in accordance with such request prior to the date
of such settlement.
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5.2 Contribution.
In order to provide for just and equitable contribution in circumstances in which the indemnification provided for in the foregoing
paragraphs of Section 5.1 is applicable in accordance with its terms but for any reason is held to be unavailable or
insufficient from the Company or the Underwriters, the Company and the Underwriters will contribute to the total losses, claims,
liabilities, damages, and reasonably incurred and documented expenses (including any investigative, legal and other expenses
reasonably incurred and documented in connection with, and any amount paid in settlement of, any action, suit or proceeding or any
claim asserted) to which any indemnified party may be subject in such proportion as shall be appropriate to reflect the relative
benefits received by the Company on the one hand and the Underwriters on the other hand. The relative benefits received by the
Company on the one hand and the Underwriters on the other hand shall be deemed to be in the same proportion as the total net
proceeds from the sale of the Units (before deducting expenses) received by the Company bear to the total compensation received by
the Underwriters (before deducting expenses) from the sale of the Units on behalf of the Company. If, but only if, the allocation
provided by the foregoing sentence is not permitted by applicable law, the allocation of contribution shall be made in such
proportion as is appropriate to reflect not only the relative benefits referred to in the foregoing sentence but also the relative
fault of the Company, on the one hand, and the Underwriters, on the other hand, with respect to the statements or omissions that
resulted in such loss, claim, liability, expense or damage, or action in respect thereof, as well as any other relevant equitable
considerations with respect to such offering. Such relative fault shall be determined by reference to, among other things, whether
the untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to
information supplied by the Company or the Underwriters, the intent of the parties and their relative knowledge, access to
information and opportunity to correct or prevent such statement or omission. The Company and the Underwriters agree that it would
not be just and equitable if contributions pursuant to this Section 5.2 were to be determined by pro rata allocation or
by any other method of allocation that does not take into account the equitable considerations referred to herein. The amount paid
or payable by an indemnified party as a result of the loss, claim, liability, expense or damage, or action in respect thereof,
referred to above in this Section 5.2 shall be deemed to include, for the purpose of this Section 5.2, any
legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action
or claim to the extent consistent with Section 5.1.3. Notwithstanding the foregoing provisions of Section 5.1
and this Section 5.2, the Underwriters shall not be required to contribute any amount in excess of the commissions
actually received by it under this Agreement and no person found guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Act) will be entitled to contribution from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 5.2, any person who controls a party to this Agreement within the
meaning of the Act, any affiliates of the respective Underwriters and any officers, directors, partners, employees or agents of the
Underwriters or their respective affiliates, will have the same rights to contribution as that party, and each director of the
Company and each officer of the Company who signed the Registration Statement will have the same rights to contribution as the
Company, subject in each case to the provisions hereof. Any party entitled to contribution, promptly after receipt of notice of
commencement of any action against such party in respect of which a claim for contribution may be made under this Section 5.2,
will notify any such party or parties from whom contribution may be sought, but the omission to so notify will not relieve that
party or parties from whom contribution may be sought from any other obligation it or they may have under this Section 5.2
except to the extent that the failure to so notify such other party materially prejudiced the substantive rights or defenses of the
party from whom contribution is sought. Except for a settlement entered into pursuant to the last sentence of Section 5.1.3,
no party will be liable for contribution with respect to any action or claim settled without its written consent if such consent is
required pursuant to Section 5.1.3.
6.
Default by an Underwriter.
6.1
Default Not Exceeding 10% of Firm Units. If any Underwriter or Underwriters shall default in its or their obligations to
purchase the Firm Units and if the number of the Firm Units with respect to which such default relates does not exceed in the aggregate
10% of the number of Firm Units that all Underwriters have agreed to purchase hereunder, then such Firm Units to which the default relates
shall be purchased by the non-defaulting Underwriters in proportion to their respective commitments hereunder.
6.2
Default Exceeding 10% of Firm Units. In the event that the default addressed in Section 6.1 above relates to
more than 10% of the Firm Units, the Representative may, in its discretion, arrange for it or for another party or parties to purchase
such Firm Units to which such default relates on the terms contained herein. If within one (1) Business Day after such default relating
to more than 10% of the Firm Units the Representative does not arrange for the purchase of such Firm Units, then the Company shall be
entitled to a further period of one (1) Business Day within which to procure another party or parties satisfactory to the Representative
to purchase said Firm Units on such terms. In the event that neither the Representative nor the Company arrange for the purchase of the
Firm Units to which a default relates as provided in this Section 6, this Agreement may be terminated by the Representative
or the Company without liability on the part of the Company (except as provided in Sections 3.10, 5, and 9.3
hereof) or the several Underwriters (except as provided in Section 5 hereof); provided that nothing herein shall relieve
a defaulting Underwriter of its liability, if any, to the other several Underwriters and to the Company for damages occasioned by its
default hereunder.
6.3 Postponement of
Closing Date. In the event that the Firm Units to which the default relates are to be purchased by the non-defaulting
Underwriters, or are to be purchased by another party or parties as aforesaid, the Representative or the Company shall have the
right to postpone the Closing Date for a reasonable period, but not in any event exceeding five (5) Business Days, in order to
effect whatever changes may thereby be made necessary in the Registration Statement, and/or the Prospectus, as the case may be, or
in any other documents and arrangements, and the Company agrees to file promptly any amendment to, or to supplement, the
Registration Statement and/or the Prospectus, as the case may be, that in the reasonable opinion of counsel for the Underwriters may
thereby be made necessary. The term “Underwriter” as used in this Agreement shall include any party substituted under
this Section 6 with like effect as if it had originally been a party to this Agreement with respect to such
securities.
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7.
Additional Covenants.
7.1
Additional Shares or Options. The Company hereby agrees that until the consummation of a Business Combination, it shall
not issue any Ordinary Shares (other than Ordinary Shares issued upon conversion of Founder Shares pursuant to the Charter Documents)
or any options or other securities convertible into Ordinary Shares, or any preferred shares or other securities of the Company which
participate in any manner in the Trust Account or which vote as a class with the Ordinary Shares on a proposed Business Combination.
7.2
Trust Account Waiver Acknowledgments. The Company hereby agrees that it will use its reasonable best efforts prior to commencing
its due diligence investigation of any prospective Target Business or prior to obtaining the services of any vendor to have such Target
Business or vendor acknowledge in writing whether through a letter of intent, memorandum of understanding or other similar document (and
subsequently acknowledges the same in any definitive document replacing any of the foregoing), that (a) it has read the Prospectus
and understands that the Company has established the Trust Account, initially in an aggregate amount of $200,000,000 (or an aggregate
amount of $230,000,000 if the Over-allotment Option is exercised in full), representing $10.00 per Unit sold hereunder for the benefit
of the Public Shareholders and that, except for a portion of the interest earned on the amounts held in the Trust Account, the Company
may disburse monies from the Trust Account only: (i) to the Public Shareholders in the event they elect to redeem Public Shares in
connection with the consummation of a Business Combination, (ii) to the Public Shareholders if the Company fails to consummate a
Business Combination within the time period set forth in the Charter Documents, or (iii) to the Company after or concurrently with
the consummation of a Business Combination and (b) for and in consideration of the Company (i) agreeing to evaluate such Target
Business for purposes of consummating a Business Combination with it or (ii) agreeing to engage the services of the vendor, as the
case may be, such Target Business or vendor agrees that it does not have any right, title, interest or claim of any kind in or to any
monies in the Trust Account (“Claim”) and waives any Claim it may have in the future as a result of, or arising out
of, any negotiations, contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever.
7.3
Rule 419. The Company agrees that it will use its reasonable best efforts to prevent the Company from becoming subject
to Rule 419 under the Act prior to the consummation of any Business Combination, including but not limited to using its reasonable
best efforts to prevent any of the Company’s outstanding securities from being deemed to be a “penny stock” as defined
in Rule 3a-51-1 under the Exchange Act during such period.
7.4
Tender Offer Documents, Proxy Materials and Other Information. The Company shall provide to the Representative or its counsel
(if so instructed by the Representative) with 10 copies of all tender offer documents or proxy information and all related material filed
with the Commission in connection with a Business Combination concurrently with such filing with the Commission. Documents filed with
the Commission pursuant to its EDGAR system shall be deemed to have been provided to the Representative pursuant to this Section. In addition,
the Company shall furnish any other state in which its initial public offering was registered, such information as may be requested by
such state.
7.5
Emerging Growth Company. The Company shall promptly notify the Representative if the Company ceases to be an Emerging Growth
Company at any time prior to the completion of the distribution of the Securities within the meaning of the Act.
7.6 Target Net
Assets. The Company agrees that, so long as the Company is listed on a national securities exchange, the Target Business that it
acquires must have a fair market value equal to at least 80% of the balance in the Trust Account at the time of signing the
definitive agreement for the Business Combination with such Target Business (excluding taxes payable on the interest earned on the
funds held in the Trust Account and the Deferred Underwriting Commissions). The fair market value of such business must be
determined by the Board of Directors of the Company based upon standards generally accepted by the financial community, such as
actual and potential sales, earnings, cash flow and book value. If the Board of Directors of the Company is not able to
independently determine that the Target Business meets such fair market value requirement, the Company will obtain an opinion from
an independent investment banking firm or another independent entity that commonly renders valuation opinions with respect to the
satisfaction of such criteria. The Company is not required to obtain an opinion as to the fair market value if the Company’s
Board of Directors independently determines that the Target Business does have sufficient fair market value.
29
7.7
Charter Documents. The Company shall not take any action or omit to take any action that would cause the Company to be in
breach or violation of any of its Charter Documents.
7.8
Representations and Agreements to Survive Delivery. Except as the context otherwise requires, all representations, warranties
and agreements contained in this Agreement shall be deemed to be representations, warranties and agreements as of the Closing Date or
the Option Closing Date, if any, and such representations, warranties and agreements of the Underwriters and the Company, including the
indemnity agreements contained in Section 5 hereof, shall remain operative and in full force and effect regardless of any
investigation made by or on behalf of the Underwriters, the Company or any Controlling Person, and shall survive termination of this Agreement
or the issuance and delivery of the Public Securities to the Underwriters until the earlier of the expiration of any applicable statute
of limitations and the seventh (7th) anniversary of the later of the Closing Date or the Option Closing Date, if any, at which time the
representations, warranties and agreements shall terminate and be of no further force and effect.
8.
Effective Date of This Agreement and Termination Thereof.
8.1
Effective Date. This Agreement shall become effective on the Effective Date at the time the Registration Statement is declared
effective by the Commission.
8.2
Termination. The Representative shall have the right to terminate this Agreement at any time prior to the Closing Date,
(i) if any domestic or international event or act or occurrence has materially disrupted, or in the Representative’s opinion
will in the immediate future materially disrupt, general securities markets in the United States; or (ii) if trading on the New York
Stock Exchange, the NYSE American LLC, Nasdaq Global Select Market, the Nasdaq Global Market or the Nasdaq Capital Market or quoted on
the OTCBB shall have been suspended, or minimum or maximum prices for trading shall have been fixed, or maximum ranges for prices for
securities shall have been fixed, or maximum ranges for prices for securities shall have been required by FINRA or by order of the Commission
or any other government authority having jurisdiction, or (iii) if the United States shall have become involved in a new war or an
increase in existing major hostilities, or (iv) if a banking moratorium has been declared by a New York State or Federal authority,
or (v) if a moratorium on foreign exchange trading has been declared which materially adversely impacts the United States securities
market, or (vi) if the Company shall have sustained a material loss by fire, flood, accident, hurricane, earthquake, theft, sabotage
or other calamity (including, without limitation, a calamity relating to a public health matter or natural disaster) or malicious act
which, whether or not such loss shall have been insured, will, in the Representative’s sole opinion, make it inadvisable to proceed
with the delivery of the Units, or (vii) if the Company is in material breach of any of its representations, warranties or covenants
hereunder, or (viii) if the Representative shall have become aware after the date hereof of such a material adverse change in the
conditions of the Company, or such adverse material change in general market conditions, including without limitation as a result of terrorist
activities or any other calamity (including, without limitation, a calamity relating to a public health matter or natural disaster) or
crisis either within or outside the United States after the date hereof, or an increase in any of the foregoing, as in the Representative’s
sole judgment would make it impracticable to proceed with the offering, sale and/or delivery of the Units or to enforce contracts made
by the Underwriters for the sale of the Public Securities.
8.3
Expenses. In the event that this Agreement shall not be carried out for any reason other than solely because of the termination
of this Agreement pursuant to Section 6 hereof, within the time specified herein or any extensions thereof pursuant to the terms herein,
(i) the obligations of the Company to pay the out of pocket expenses related to the transactions contemplated herein shall be governed
by Section 3.10 hereof and (ii) the Company shall reimburse the Representative for any costs and expenses incurred in
connection with enforcing any provisions of this Agreement.
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8.4
Indemnification. Notwithstanding any contrary provision contained in this Agreement, any election hereunder or any termination
of this Agreement, and whether or not this Agreement is otherwise carried out, the provisions of Section 5 shall not be in
any way affected by such election or termination or failure to carry out the terms of this Agreement or any part hereof.
9.
Miscellaneous.
9.1
Notices. All communications hereunder, except as herein otherwise specifically provided, shall be in writing and shall be
mailed, delivered by hand or reputable overnight courier and confirmed or delivered by facsimile or electronic transmission (with printed
confirmation of receipt) and shall be deemed given when so delivered or faxed or emailed, or, if mailed, two (2) days after such mailing.
If to the Representative:
Cantor Fitzgerald & Co.
110 East 59th Street
New York, New York 10022
Attn: General Counsel
Email: #legal-IBD@cantor.com; with a copy to spac@cantor.com
Cantor Fitzgerald & Co.
110 East 59th Street
New York, New York 10022
Attn: Head of Investment Banking
Attn: Head of SPACs
Email: Sage.kelly@cantor.com; David.batalion@cantor.com
Copy (which copy shall not constitute notice) to:
Ellenoff Grossman & Schole LLP
1345 Avenue of the Americas
New York, New York 10105
Attn: Stuart Neuhauser, Esq.
Facsimile: (212) 370-7889
Email: sneuhauser@egsllp.com
If to the Company:
FutureCorp Space Acquisition 1
8605 Santa Monica Blvd., #54207
Los Angeles, California 90069
Attn: Joshua B. Marks; Sudhin R. Shahani
Copy (which copy shall not constitute notice) to:
DLA Piper LLP (US)
1251 Avenue of the Americas
New York, New York 10020
Attn: Stephen P. Alicanti, Esq.
Facsimile: (212) 335-4783
Email: stephen.alicanti@us.dlapiper.com
9.2
Headings. The headings contained herein are for the sole purpose of convenience of reference, and shall not in any way limit
or affect the meaning or interpretation of any of the terms or provisions of this Agreement.
9.3
Amendment. This Agreement may only be amended by a written instrument executed by each of the parties hereto.
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9.4
Entire Agreement. This Agreement (together with the other agreements and documents being delivered pursuant to or in connection
with this Agreement) constitute the entire agreement of the parties hereto with respect to the subject matter hereof and thereof, and
supersede all prior agreements and understandings of the parties, oral and written, with respect to the subject matter hereof.
9.5
Binding Effect. This Agreement shall inure solely to the benefit of and shall be binding upon the Representative, the Underwriters,
the selected dealers, the Company and the controlling persons, directors, agents, partners, members, employees and officers referred to
in Section 5 hereof, and their respective successors, legal representatives and assigns, and no other person shall have or
be construed to have any legal or equitable right, remedy or claim under or in respect of or by virtue of this Agreement or any provisions
herein contained. The term “successors and assigns” shall not include a purchaser, in its capacity as such, of securities
from any of the Underwriters.
9.6
Waiver of Immunity. To the extent that the Company may be entitled in any jurisdiction in which judicial proceedings may
at any time be commenced hereunder, to claim for itself or its revenues or assets any immunity, including sovereign immunity, from suit,
jurisdiction, attachment in aid of execution of a judgment or prior to a judgment, execution of a judgment or any other legal process
with respect to its obligations hereunder and to the extent that in any such jurisdiction there may be attributed to the Company such
an immunity (whether or not claimed), the Company hereby irrevocably agrees not to claim and irrevocably waives such immunity to the maximum
extent permitted by law.
9.7
Submission to Jurisdiction. Each of the Company and the Representative irrevocably submit to the exclusive jurisdiction
of any New York State or United States Federal court sitting in The City of New York, Borough of Manhattan, over any suit, action
or proceeding arising out of or relating to this Agreement, the Registration Statement, the Sale Preliminary Prospectus and the Prospectus
or the offering of the Securities. Each of the Company and the Representative irrevocably waives, to the fullest extent permitted by law,
any objection that they may now or hereafter have to the laying of venue of any such suit, action or proceeding brought in such a court
and any claim that any such suit, action or proceeding brought in such a court has been brought in an inconvenient forum. Any such process
or summons to be served upon the Company or the Representative may be served by transmitting a copy thereof by registered or certified
mail, return receipt requested, postage prepaid, addressed to it at the address set forth in Section 9.1 hereof. Such mailing
shall be deemed personal service and shall be legal and binding upon the Company or the Representative in any action, proceeding or claim.
Each of the Company and the Representative waives, to the fullest extent permitted by law, any other requirements of or objections to
personal jurisdiction with respect thereto. Notwithstanding the foregoing, any action based on this Agreement may be instituted by the
Underwriters in any competent court. The Company agrees that the Underwriters shall be entitled to recover all of their reasonable attorneys’
fees and expenses relating to any action or proceeding and/or incurred in connection with the preparation therefor if any of them are
the prevailing party in such action or proceeding. EACH PARTY HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY.
9.8
Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of
New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another
jurisdiction.
9.9
Execution in Counterparts. This Agreement may be executed in one or more counterparts, and by the different parties hereto
in separate counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one and the
same agreement, and shall become effective when one or more counterparts has been signed by each of the parties hereto and delivered to
each of the other parties hereto. Delivery of a signed counterpart of this Agreement by facsimile, electronic mail (including pdf or any
electronic signature complying with U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act or other applicable law)
or other transmission method and any counterpart so delivered will be deemed to have been duly and validly delivered and valid and effective
for all purposes.
9.10 Waiver. The
failure of any of the parties hereto to at any time enforce any of the provisions of this Agreement shall not be deemed or construed
to be a waiver of any such provision, nor to in any way affect the validity of this Agreement or any provision hereof or the right
of any of the parties hereto to thereafter enforce each and every provision of this Agreement. No waiver of any breach,
non-compliance or non-fulfillment of any of the provisions of this Agreement shall be effective unless set forth in a written
instrument executed by the party or parties against whom or which enforcement of such waiver is sought; and no waiver of any such
breach, non-compliance or non-fulfillment shall be construed or deemed to be a waiver of any other or subsequent breach,
non-compliance or non-fulfillment.
32
9.11
No Fiduciary Relationship. The Company acknowledges and agrees that (i) the purchase and sale of the Units pursuant
to this Agreement is an arm’s-length commercial transaction pursuant to a contractual relationship between the Company and the Underwriters,
(ii) in connection therewith and with the process leading to such transaction, each Underwriter is acting solely as a principal and
not the agent or fiduciary of the Company, (iii) the Underwriters have not assumed an advisory or fiduciary responsibility in favor
of the Company with respect to the offering contemplated hereby or the process leading thereto (irrespective of whether the Underwriters
have advised or are currently advising the Company on other matters) or any other obligation to the Company except the obligations expressly
set forth in this Agreement, (iv) in no event do the parties intend that the Underwriters act or be responsible as a fiduciary to
the Company, its management, shareholders, creditors or any other person in connection with any activity that the Underwriters may undertake
or have undertaken in furtherance of the Offering of the Company’s securities, either before or after the date hereof and (v) the
Company has consulted its own legal and financial advisors to the extent it deemed appropriate. The Underwriters hereby expressly disclaim
any fiduciary or similar obligations to the Company, either in connection with the transactions contemplated by this Agreement or any
matters leading up to such transactions, and the Company hereby confirms its understanding and agreement to that effect. The Company agrees
that it will not claim that the Underwriters have rendered advisory services of any nature or respect, or owe a fiduciary or similar duty
to the Company, in connection with such transaction or the process leading thereto. The Company and the Underwriters agree that they are
each responsible for making their own independent judgment with respect to any such transactions, and that any opinions or views expressed
by the Underwriters to the Company regarding such transactions, including but not limited to any opinions or views with respect to the
price or market for the Company’s securities, do not constitute advice or recommendations to the Company. The Company hereby waives
and releases, to the fullest extent permitted by law, any claims that the Company may have against the Underwriters with respect to any
breach or alleged breach of any fiduciary or similar duty to the Company in connection with the transactions contemplated by this Agreement
or any matters leading up to such transactions.
9.12
Recognition of the U.S. Special Resolution Regimes. In the event that any Underwriter that is a Covered Entity (as
defined below) becomes subject to a proceeding under a U.S. Special Resolution Regime (as defined below), the transfer from such
Underwriter of this Agreement, and any interest and obligation in or under this Agreement, will be effective to the same extent as the
transfer would be effective under the U.S. Special Resolution Regime if this Agreement, and any such interest and obligation, were
governed by the laws of the United States or a state of the United States.
In the event that any Underwriter
that is a Covered Entity or a BHC Act Affiliate (as defined below) of such Underwriter becomes subject to a proceeding under a U.S. Special
Resolution Regime, Default Rights (as defined below) under this Agreement that may be exercised against such Underwriter are permitted
to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if this
Agreement were governed by the laws of the United States or a state of the United States.
For purposes of this Agreement,
(a) “BHC Act Affiliate” has the meaning assigned to the term “affiliate” in, and shall be interpreted
in accordance with, 12 U.S.C. § 1841(k); (b) “Covered Entity” means any of the following: (i) a
“covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a
“covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a
“covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b); (c) “Default
Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81,
47.2 or 382.1, as applicable; and (d) “U.S. Special Resolution Regime” means each of (i) the Federal
Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Dodd-Frank Wall Street Reform and Consumer
Protection Act and the regulations promulgated thereunder.
[Remainder of page intentionally left blank]
33
If the foregoing correctly
sets forth the understanding between the Representative and the Company, please so indicate in the space provided below for that purpose,
whereupon this letter shall constitute a binding agreement between us.
Very truly yours,
FUTURECORP SPACE ACQUISITION 1
By:
/s/ Joshua B. Marks
Name:
Joshua B. Marks
Title:
Chief Executive Officer and Chief Financial Officer
Accepted on the date first above written.
CANTOR FITZGERALD & CO., as
Representative of the several underwriters
By:
/s/ Sage Kelly
Name:
Sage Kelly
Title:
Co-Chief Executive Officer & Global Head of Investment Banking
34
SCHEDULE A
FutureCorp Space Acquisition 1
20,000,000 Units
Underwriters
Number of
Firm Units to
be Purchased
Cantor Fitzgerald & Co.
20,000,000
Total
20,000,000
35
SCHEDULE B
Investor Presentation dated May 2026.
36
EX-4.1 — WARRANT AGREEMENT, DATED JUNE 4, 2026, BY AND BETWEEN THE COMPANY AND CONTINENTAL STOCK TRANSFER & TRUST COMPANY, AS WARRANT AGENT
EX-4.1
Filename: ea029400701ex4-1.htm · Sequence: 3
Exhibit 4.1
WARRANT
AGREEMENT
THIS WARRANT AGREEMENT
(this “Agreement”), dated as of June 4, 2026, is by and between FutureCorp Space Acquisition 1, a Cayman Islands
exempted company (the “Company”), and Continental Stock Transfer &Trust Company, a New York corporation,
as warrant agent (in such capacity, the “Warrant Agent,” and also referred to herein as the “Transfer
Agent”).
WHEREAS, the Company
is engaged in an initial public offering (the “Offering”) of units of the Company’s equity securities,
each such unit comprised of one Class A ordinary share of the Company, par value $0.0001 per share (“Class A Shares”)
and one-half of one redeemable Public Warrant (as defined below) (the “Units”) and, in connection therewith,
has determined to issue and deliver up to 10,000,000 warrants (or up to 11,500,000 warrants if the over-allotment option is exercised
in full) to public investors in the Offering (the “Public Warrants”);
WHEREAS, the Company
entered into that certain Sponsor Private Placement Warrants Purchase Agreement with FutureCorp Space Acquisition 1 LLC, a Delaware limited
liability company (the “Sponsor”), pursuant to which the Sponsor agreed to purchase an aggregate of 4,000,000
private placement warrants (including if the over-allotment option is exercised in full) simultaneously with the closing of the Offering
(the “Sponsor Private Placement Warrants”), each bearing the legend set forth in Exhibit A hereto at
a purchase price of $1.00 per Sponsor Private Placement Warrant;
WHEREAS, the Company
entered into that certain Private Placement Warrant Purchase Agreement with Cantor Fitzgerald & Co., a New York general partnership
(the “Underwriter” or “Cantor”), pursuant to which Cantor has agreed to purchase an
aggregate of 2,000,000 warrants (including if the over-allotment option is exercised in full) (the “Underwriter Private Placement
Warrants” and, together with the Sponsor Private Placement Warrants, the “Private Placement Warrants”
and, together with the Public Warrants, the “Warrants”), simultaneously with the closing of the Offering, each
bearing the legend set forth in Exhibit A hereto at a purchase price of $1.00 per Underwriter Private Placement Warrant;
WHEREAS, the Company
was incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses or entities (a “Business Combination”);
WHEREAS, in order to
finance the Company’s transaction costs in connection with an intended initial Business Combination, the Sponsor or an affiliate
of the Sponsor or the Company’s officers and directors (collectively, the “Initial Purchasers”) may, but
are not obligated to, loan to the Company funds as the Company may require, of which up to $1,500,000 of such loans may be convertible
into up to an additional 1,500,000 warrants at a price of $1.00 per warrant, which will be identical to the Private Placement Warrants
(the “Working Capital Warrants”);
WHEREAS, each Warrant
entitles the holder thereof to purchase one Class A Share at a price of $11.50 per share, subject to adjustment as described herein;
WHEREAS, the Company
has filed with the U.S. Securities and Exchange Commission (the “Commission”) a registration statement on Form
S-1, File No. 333-296040 (the “Registration Statement”), and a prospectus (the “Prospectus”),
for the registration, under the Securities Act of 1933, as amended (the “Securities Act”), of the Units, the
Public Warrants and the Class A Shares included in the Units;
WHEREAS, the Company
desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance,
registration, transfer, exchange, redemption and exercise of the Warrants;
WHEREAS, the Company
desires to provide for the form and provisions of the Warrants, the terms upon which they shall be issued and exercised, and the respective
rights, limitation of rights and immunities of the Company, the Warrant Agent and the holders of the Warrants; and
WHEREAS, all acts and
things have been done and performed which are necessary to make the Warrants, when executed on behalf of the Company and countersigned
by or on behalf of the Warrant Agent, as provided herein, the valid, binding and legal obligations of the Company, and to authorize the
execution and delivery of this Agreement.
NOW, THEREFORE, in
consideration of the mutual agreements herein contained, the parties hereto agree as follows:
1. Appointment
of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company for the Warrants, and the Warrant
Agent hereby accepts such appointment and agrees to perform the same in accordance with the terms and conditions set forth in this Agreement.
2. Warrants.
2.1. Form
of Warrant. Each Warrant shall be issued in registered form only, and, if a physical certificate is issued, shall be in substantially
the form of Exhibit B hereto, the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature
of, any director of the Company, the Chairperson of the Company’s board of directors (the “Board”), President,
Chief Executive Officer, Chief Financial Officer, Secretary or other principal officer of the Company. In the event the person whose facsimile
signature has been placed upon any Warrant shall have ceased to serve in the capacity in which such person signed the Warrant before such
Warrant is issued, it may be issued with the same effect as if he or she had not ceased to be such at the date of issuance. All of the
Public Warrants shall initially be represented by one or more book-entry certificates (each, a “Book-Entry Warrant Certificate”).
2.2. Effect
of Countersignature. If a physical certificate is issued, unless and until countersigned by the Warrant Agent pursuant to this Agreement,
a Warrant certificate shall be invalid and of no effect and may not be exercised by the holder thereof.
2.3. Registration.
2.3.1. Warrant
Register. The Warrant Agent shall maintain books (the “Warrant Register”) for the registration of original
issuance and the registration of transfer of the Warrants. Upon the initial issuance of the Warrants, the Warrant Agent shall issue and
register the Warrants in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions
delivered to the Warrant Agent by the Company. All of the Public Warrants shall initially be represented by one or more Book-Entry Warrant
Certificates deposited with The Depository Trust Company (the “Depositary”) and registered in the name of Cede
& Co., a nominee of the Depositary. Ownership of beneficial interests in the Public Warrants shall be shown on, and the transfer of
such ownership shall be effected through, records maintained by (i) the Depositary or its nominee for each Book-Entry Warrant Certificate,
or (ii) institutions that have accounts with the Depositary (each such institution, with respect to a Warrant in its account, a “Participant”).
If the Depositary subsequently ceases to make its book-entry settlement system available for the Public Warrants, the Company may instruct
the Warrant Agent regarding making other arrangements for book-entry settlement. In the event that the Public Warrants are not eligible
for, or it is no longer necessary to have the Public Warrants available in, book-entry form, the Warrant Agent shall provide written instructions
to the Depositary to deliver to the Warrant Agent for cancellation each Book-Entry Warrant Certificate, and the Company shall instruct
the Warrant Agent to deliver to the Depositary definitive certificates in physical form evidencing such Warrants (“Definitive
Warrant Certificate”). Such Definitive Warrant Certificate shall be in the form annexed hereto as Exhibit B, with
appropriate insertions, modifications and omissions, as provided above.
2.3.2. Registered
Holder. Prior to due presentment for registration of transfer of any Warrant, the Company and the Warrant Agent may deem and treat
the person in whose name such Warrant is registered in the Warrant Register (the “Registered Holder”) as the
absolute owner of such Warrant and of each Warrant represented thereby (notwithstanding any notation of ownership or other writing on
a Definitive Warrant Certificate made by anyone other than the Company or the Warrant Agent), for the purpose of any exercise thereof,
and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary.
2.4. Detachability
of Warrants. The Class A Shares and Public Warrants comprising the Units shall begin separate trading on the 52nd day following the
date of the Prospectus or, if such 52nd day is not on a day, other than a Saturday, Sunday or federal holiday, on which banks in New York
City are generally open for normal business (a “Business Day”), then on the immediately succeeding Business
Day following such date, or earlier (the “Detachment Date”) with the consent of Cantor, as representative of
the several underwriters, but in no event shall the Class A Shares and the Public Warrants comprising the Units be separately traded until
the Company issues a press release and files with the Commission a Current Report on Form 8-K announcing when such separate trading shall
begin.
2.5. No
Fractional Warrants Other Than as Part of Units. The Company shall not issue fractional Warrants other than as part of the Units,
each of which is comprised of one Class A Share and one-half of one Public Warrant. If, upon the detachment of Public Warrants from the
Units or otherwise, a holder of Warrants would be entitled to receive a fractional Warrant, the Company shall round down to the nearest
whole number the number of Warrants to be issued to such holder.
2
2.6. Private
Placement Warrants and Working Capital Warrants. The Private Placement Warrants and Working Capital Warrants shall be identical to
the Public Warrants, except that until the date that is thirty (30) days after the completion by the Company of an initial Business Combination
the Private Placement Warrants and the Working Capital Warrants may not be transferred, assigned or sold by the holders thereof, other
than:
2.6.1. to the Company’s or Underwriter’s officers or directors, any affiliate or family member of
any of the Company’s or Underwriter’s officers or directors, any members or partners of the Sponsor or their affiliates, any
affiliates of the Sponsor, the Underwriter or any employees of such affiliates;
2.6.2. in the case of an individual, by gift to a member of such individual’s immediate family or to a
trust, the beneficiary of which is a member of such individual’s immediate family, an affiliate of such individual or to a charitable
organization;
2.6.3. in the case of an individual, by virtue of the laws of descent and distribution upon death of such person;
2.6.4. in the case of an individual, pursuant to a qualified domestic relations order;
2.6.5. by private sales or transfers made in connection with any forward purchase agreement or similar arrangement,
in connection with an extension of the timeframe for the Company to consummate a Business Combination or in connection with the consummation
of an initial Business Combination at prices no greater than the price at which the Warrants were originally purchased;
2.6.6. by pro rata distributions from the Sponsor or Underwriter to its respective members, partners or stockholders
pursuant to the Sponsor’s or Underwriter’s constating documents;
2.6.7. by virtue of the laws of the Cayman Islands or the limited liability company agreement of the Sponsor
upon dissolution of the Sponsor or upon dissolution of the Underwriter;
2.6.8. in the event of the Company’s liquidation prior to the consummation of a Business Combination;
2.6.9. to a nominee or custodian of a person or entity to whom a disposition or transfer would be permissible
under clauses 2.6.1 through 2.6.7 above;
2.6.10. to the Company
for no value for cancellation in connection with the consummation of an initial Business Combination; and
2.6.11. in the event
that, subsequent to the consummation of an initial Business Combination, the Company completes a liquidation, merger, share exchange or
other similar transaction which results in all of its shareholders having the right to exchange their Class A Shares for cash, securities
or other property; provided, however, that, in the case of clauses 2.6.1 through 2.6.7, and 2.6.9 these transferees
(the “Permitted Transferees”) enter into a written agreement with the Company agreeing to be bound by the transfer
restrictions in this Agreement and the other restrictions contained in the letter agreement, dated as of the date hereof, by and among
the Company, the Sponsor, the Underwriter and the Company’s officers and directors.
2.7 Working
Capital Warrants. Each of the Working Capital Warrants shall be identical to the Private Placement Warrants.
3. Terms and Exercise of Warrants.
3.1. Warrant
Price. Each Warrant shall entitle the Registered Holder thereof, subject to the provisions of such Warrant and of this Agreement,
including without limitation, subsection 3.3.5, to purchase from the Company the number of Class A Shares stated therein, at the
price of $11.50 per share, subject to the adjustments provided in Section 4 hereof and in the last sentence of this Section
3.1. The term “Warrant Price” as used in this Agreement shall mean the price per share (including in cash or by payment
of Warrants pursuant to a “cashless exercise,” to the extent permitted hereunder) described in the prior sentence at which
the Class A Shares may be purchased at the time a Warrant is exercised. The Company in its sole discretion may lower the Warrant Price
at any time prior to the Expiration Date (as defined below) for a period of not less than twenty (20) Business Days (unless otherwise
required by the Commission, any national securities exchange on which the Warrants are listed or applicable law), provided, that the Company
shall provide at least three (3) days’ prior written notice of such reduction to Registered Holders of the Warrants and, provided
further that any such reduction shall be identical among all of the Warrants.
3
3.2. Duration
of Warrants. A Warrant may be exercised only during the period (the “Exercise Period”) commencing on the
date that is thirty (30) days after the first date on which the Company completes a Business Combination, and terminating on the earliest
to occur of: (x) 5:00 p.m., New York City time on the date that is five (5) years after the date on which the Company completes its initial
Business Combination, (y) the liquidation of the Company, and (z) with respect to a redemption pursuant to Section 6.1 hereof,
5:00 p.m., New York City time on the Redemption Date (as defined below) as provided in Section 6.2 hereof (the “Expiration
Date”); provided, however, that the exercise of any Warrant shall be subject to the satisfaction of any applicable conditions,
as set forth in subsection 3.3.2 below, with respect to an effective registration statement on Form S-1, Form S-3, Form F-1, or
Form F-3, as applicable, or a valid exemption therefrom being available. Each outstanding Warrant not exercised on or before the Expiration
Date shall become void, and all rights thereunder and all rights in respect thereof under this Agreement shall cease at 5:00 p.m. New
York City time on the Expiration Date. The Company in its sole discretion may extend the duration of the Warrants by delaying the Expiration
Date; provided, that the Company shall provide at least twenty (20) days prior written notice of any such extension to Registered Holders
of the Warrants and, provided further that any such extension shall be identical in duration among all the Warrants.
3.3. Exercise
of Warrants.
3.3.1. Payment.
Subject to the provisions of the Warrant and this Agreement, including without limitation, subsection 3.3.5, a Warrant may be exercised
by the Registered Holder thereof by delivering to the Warrant Agent at its corporate trust department (i) the Definitive Warrant Certificate
evidencing the Warrants to be exercised, or, in the case of a Book-Entry Warrant Certificate, the Warrants to be exercised (the “Book-Entry
Warrants”) on the records of the Depositary to an account of the Warrant Agent at the Depositary designated for such purposes
in writing by the Warrant Agent to the Depositary from time to time, (ii) an election to purchase (“Election to Purchase”)
Class A Shares pursuant to the exercise of a Warrant, properly completed and executed by the Registered Holder on the reverse of the Definitive
Warrant Certificate or, in the case of a Book-Entry Warrant Certificate, properly delivered by the Participant in accordance with the
Depositary’s procedures, and (iii) payment in full of the Warrant Price for each Class A Share as to which the Warrant is exercised
and any and all applicable taxes due in connection with the exercise of the Warrant, the exchange of the Warrant for the Class A Shares
and the issuance of such Class A Shares, as follows:
(a) in
lawful money of the United States, in good bank draft or good certified check payable to the order of the Warrant Agent or by wire transfer
of immediately available funds;
(b) in
the event of a redemption pursuant to Section 6 hereof in which the Company’s board of directors (the “Board”)
has elected to require all holders of the Warrants to exercise such Warrants on a “cashless basis,” by surrendering the Warrants
for that number of Class A Shares equal to the quotient obtained by dividing (x) the product of the number of Class A Shares underlying
the Warrants, multiplied by the excess of the “Fair Market Value,” as defined in this subsection 3.3.1(b), over the
Warrant Price by (y) the Fair Market Value. Solely for purposes of this subsection 3.3.1(b) and Section 6.3, the “Fair
Market Value” shall mean the average reported closing price of the Class A Shares for the ten (10) trading days ending on the third
trading day prior to the date on which the notice of redemption is sent to the holders of the Warrants, pursuant to Section 6 hereof;
or
(c) on
a cashless basis as provided in Section 7.4 hereof.
3.3.2. Issuance
of Class A Shares on Exercise. As soon as practicable after the exercise of any Warrant and the clearance of the funds in payment
of the Warrant Price (if payment is pursuant to subsection 3.3.1(a)), the Company shall issue to the Registered Holder of such
Warrant a book-entry position or certificate, as applicable, for the number of Class A Shares to which he, she or it is entitled, registered
in such name or names as may be directed by him, her or it, and if such Warrant shall not have been exercised in full, a new book-entry
position or countersigned Warrant, as applicable, for the number of Class A Shares as to which such Warrant shall not have been exercised.
If fewer than all the Warrants evidenced by a Book-Entry Warrant Certificate are exercised, a notation shall be made to the records maintained
by the Depositary, its nominee for each Book-Entry Warrant Certificate, or a Participant, as appropriate, evidencing the balance of the
Warrants remaining after such exercise. Notwithstanding the foregoing, the Company shall not be obligated to deliver any Class A Shares
pursuant to the exercise of a Warrant and shall have no obligation to settle such Warrant exercise unless a registration statement on
Form S-1, Form S-3, Form F-1, or Form F-3, as applicable, under the Securities Act with respect to the Class A Shares underlying the Public
Warrants is then effective and a prospectus relating thereto is current, subject to the Company’s satisfying its obligations under
Section 7.4 or a valid exemption from registration is available. No Warrant shall be exercisable and the Company shall not be obligated
to issue Class A Shares upon exercise of a Warrant unless the Class A Shares issuable upon such Warrant exercise have been registered,
qualified or deemed to be exempt from registration or qualification under the securities laws of the state of residence of the Registered
Holder of the Warrants. In the event that the conditions in the two immediately preceding sentences are not satisfied with respect to
a Warrant, the holder of such Warrant shall not be entitled to exercise such Warrant. In no event will the Company be required to net
cash settle the Warrant exercise. The Company may require holders of Public Warrants to settle the Warrant on a “cashless basis”
pursuant to Section 7.4. If, by reason of any exercise of Warrants on a “cashless basis,” the holder of any Warrant
would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a Class A Share, the Company shall round down
to the nearest whole number, the number of Class A Shares to be issued to such holder.
4
3.3.3. Valid
Issuance. All Class A Shares issued upon the proper exercise of a Warrant in conformity with this Agreement and registered in the
Company’s register of members, shall be validly issued, fully paid and non-assessable (meaning that the holder thereof shall not,
solely by virtue of its status as a shareholder, be liable for additional assessments or calls on such shares by the Company or its creditors
(except in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose
or other circumstance in which a court may be prepared to pierce or lift the corporate veil)).
3.3.4. Date
of Issuance. Each person in whose name any book-entry position or certificate, as applicable, for Class A Shares is issued shall for
all purposes be deemed to have become the holder of record of such Class A Shares on the date on which issuance of the Class A Shares
is entered into the register of members of the Company.
3.3.5. Maximum
Percentage. A holder of a Warrant may notify the Company in writing in the event it elects to be subject to the provisions contained
in this subsection 3.3.5; however, no holder of a Warrant shall be subject to this subsection 3.3.5 unless he, she
or it makes such election. If the election is made by a holder, the Warrant Agent shall not effect the exercise of the holder’s
Warrant, and such holder shall not have the right to exercise such Warrant, to the extent that after giving effect to such exercise, such
person (together with such person’s affiliates) or any “group” of which the holder or its affiliate is a member, would
beneficially own in excess of 4.9% or 9.8% (or such other amount as a holder may specify)(the “Maximum Percentage”)
of the Class A Shares outstanding immediately after giving effect to such exercise. For purposes of the foregoing sentence, the aggregate
number of Class A Shares beneficially owned by such person and its affiliates, or any group of which such person and its affiliates is
a member, shall include the number of Class A Shares issuable upon exercise of the Warrant with respect to which the determination of
such sentence is being made, but shall exclude Class A Shares that would be issuable upon (x) exercise of the remaining, unexercised portion
of the Warrant beneficially owned by such person and its affiliates, or any group of which any such person or its affiliates is a member,
and (y) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company beneficially owned by
such person and its affiliates, or any group of which such person or its affiliates is a member (including, without limitation, any convertible
notes or convertible preferred shares or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained
herein. Except as set forth in the preceding sentence, for purposes of this paragraph, beneficial ownership shall be calculated in accordance
with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the applicable
regulations of the Commission. For purposes hereof, “group” has the meaning set forth in Section 13(d) of the Exchange Act
and applicable regulations of the Commission, and the percentage held by the holder shall be determined in a manner consistent with the
provisions of Section 13(d) of the Exchange Act. To the extent that a holder makes the election described in this subsection 3.3.5,
the Warrant Agent shall not effect the exercise of the holder’s Warrant, and such holder shall not have the right to exercise such
Warrant unless it provides to the Warrant Agent in its Election to Purchase, a certification that, upon after giving effect to such exercise,
such person (together with such person’s affiliates) or any “group” of which such holder or its affiliates is a member,
would not beneficially own in excess of the Maximum Percentage of the Class A Shares outstanding immediately after giving effect to such
exercise as determined in accordance with this subsection 3.3.5. For purposes of the Warrant, in determining the number of outstanding
Class A Shares, the holder may rely on the number of outstanding Class A Shares as reflected in (1) the Company’s most recent Annual
Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K or other public filing with the Commission as the case
may be, (2) a more recent public announcement by the Company or (3) any other notice by the Company or the Transfer Agent setting forth
the number of Class A Shares outstanding. For any reason at any time, upon the written request of the holder of the Warrant, the Company
shall, within two (2) Business Days, confirm orally and in writing to such holder the number of Class A Shares then outstanding. In any
case, the number of outstanding Class A Shares shall be determined after giving effect to the conversion or exercise of equity securities
of the Company by the holder and its affiliates since the date as of which such number of outstanding Class A Shares was reported. By
written notice to the Company, the holder of a Warrant may from time to time increase or decrease the Maximum Percentage applicable to
such holder to any other percentage specified in such notice; provided, however, that any such increase shall not be effective until the
sixty-first (61st) day after such notice is delivered to the Company.
5
4. Adjustments.
4.1. Share Capitalizations.
4.1.1. Sub-division.
If after the date hereof, and subject to the provisions of Section 4.6 below, the number of outstanding Class A Shares is increased
by a share capitalization payable in Class A Shares, or by a sub-division of Class A Shares or other similar event, then, on the effective
date of such share capitalization, sub-division or similar event, the number of Class A Shares issuable on exercise of each Warrant shall
be increased in proportion to such increase in the outstanding Class A Shares. A rights offering made to all or substantially all holders
of the Class A Shares entitling holders to purchase Class A Shares at a price less than the “Historical Fair Market Value”
(as defined below) shall be deemed a share capitalization of a number of Class A Shares equal to the product of (i) the number of Class
A Shares actually sold in such rights offering (or issuable under any other equity securities sold in such rights offering that are convertible
into or exercisable for Class A Shares) and (ii) one (1) minus the quotient of (x) the price per Class A Share paid in such rights offering
divided by (y) the Historical Fair Market Value. For purposes of this subsection 4.1.1, (i) if the rights offering is for securities
convertible into or exercisable for Class A Shares, in determining the price payable for Class A Shares, there shall be taken into account
any consideration received for such rights, as well as any additional amount payable upon exercise or conversion and (ii) “Historical
Fair Market Value” means the volume weighted average price of the Class A Shares as reported during the ten (10) trading
day period ending on the trading day prior to the first date on which the Class A Shares trade on the applicable exchange or in the applicable
market, regular way, without the right to receive such rights. No Class A Shares shall be issued at less than their par value.
4.1.2. Extraordinary
Dividends. If the Company, at any time while the Warrants are outstanding and unexpired, shall pay a dividend or make a distribution
in cash, securities or other assets to all or substantially all of the holders of Class A Shares on account of such Class A Shares (or
other shares of the Company’s share capital into which the Warrants are convertible), other than (a) as described in subsection
4.1.1 above, (b) Ordinary Cash Dividends (as defined below), (c) to satisfy the redemption rights of the holders of Class A Shares
in connection with a proposed initial Business Combination, (d) to satisfy the redemption rights of the holders of Class A Shares in connection
with a shareholder vote to amend the Company’s amended and restated memorandum and articles of association (as amended from time
to time, the “Charter”) (A) to modify the substance or timing of the Company’s obligation to allow redemption
in connection with the Company’s initial business combination or to redeem 100% of the Class A Shares included in the Units sold
in the Offering (the “Public Shares”) if the Company does not complete the Business Combination within the period
set forth in the Charter or (B) with respect to any other material provisions relating to the rights of holders of Class A Shares or pre-initial
Business Combination activity or (e) in connection with the redemption of Public Shares upon the failure of the Company to complete its
initial Business Combination and any subsequent distribution of its assets upon its liquidation (any such non-excluded event being referred
to herein as an “Extraordinary Dividend”), then the Warrant Price shall be decreased, effective immediately
after the effective date of such Extraordinary Dividend, by the amount of cash and/or the fair market value (as determined by the Board,
in good faith) of any securities or other assets paid on each Class A Share in respect of such Extraordinary Dividend. For purposes of
this subsection 4.1.2, “Ordinary Cash Dividends” means any cash dividend or cash distribution which,
when combined on a per share basis, with the per share amounts of all other cash dividends and cash distributions paid on the Class A
Shares during the 365-day period ending on the date of declaration of such dividend or distribution (as adjusted to appropriately reflect
any of the events referred to in other subsections of this Section 4 and excluding cash dividends or cash distributions that resulted
in an adjustment to the Warrant Price or to the number of Class A Shares issuable on exercise of each Warrant) does not exceed $0.50 (being
5% of the offering price of the Units in the Offering) but only with respect to the amount of the aggregate cash dividends or cash distributions
equal to or less than $0.50. Solely for purposes of illustration, if the Company, at a time while the Warrants are outstanding and unexpired,
pays a cash dividend of $0.35 and previously paid an aggregate of $0.40 of cash dividends and cash distributions on the Class A Shares
during the 365-day period ending on the date of declaration of such $0.35 dividend, then the Warrant Price will be decreased, effectively
immediately after the effective date of such $0.35 dividend, by $0.25 (the absolute value of the difference between $0.75 (the aggregate
amount of all cash dividends and cash distributions paid or made in such 365-day period, including such $0.35 dividend) and $0.50 (the
greater of (x) $0.50 and (y) the aggregate amount of all cash dividends and cash distributions paid or made in such 365-day period prior
to such $0.35 dividend)).
6
4.2. Aggregation
of Shares. If after the date hereof, and subject to the provisions of Section 4.6 hereof, the number of outstanding Class A
Shares is decreased by a consolidation, combination, reverse share sub-division or reclassification of Class A Shares or other similar
event, then, on the effective date of such consolidation, combination, reverse share sub-division, reclassification or similar event,
the number of Class A Shares issuable on exercise of each Warrant shall be decreased in proportion to such decrease in outstanding Class
A Shares.
4.3. Adjustments
in Warrant Price.
4.3.1. Whenever
the number of Class A Shares purchasable upon the exercise of the Warrants is adjusted, as provided in subsection 4.1.1 or Section
4.2 above, the Warrant Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price immediately prior to such adjustment
by a fraction (x) the numerator of which shall be the number of Class A Shares purchasable upon the exercise of the Warrants immediately
prior to such adjustment, and (y) the denominator of which shall be the number of Class A Shares so purchasable immediately thereafter.
4.3.2. If
(x) the Company issues additional Class A Shares or equity-linked securities for capital raising purposes in connection with the closing
of the initial Business Combination at an issue price or effective issue price of less than $9.20 per Class A Share (with such issue price
or effective issue price to be determined in good faith by the Board and, in the case of any such issuance to the initial shareholders
(as defined in the Prospectus) or their affiliates, without taking into account any Class B Ordinary Shares (as defined below) held by
such shareholders or their affiliates, as applicable, prior to such issuance (the “Newly Issued Price”)), (y)
the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available
for funding the initial Business Combination on the date of the consummation of the initial Business Combination (net of redemptions),
and (z) the volume weighted average trading price of the Class A Shares during the 20 trading day period starting on the trading day prior
to the day on which the Company consummates the Business Combination (such price, the “Market Value”) is below
$9.20 per share, the Warrant Price shall be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the
Newly Issued Price, the $18.00 per share redemption trigger price described in Section 6.1 below shall be adjusted (to the nearest
cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price.
7
4.4. Replacement
of Securities upon Reorganization, etc. In case of any reclassification or reorganization of the outstanding Class A Shares (other
than a change covered by subsections 4.1.1, 4.1.2 or Section 4.2 hereof or that solely affects the par value of such
Class A Shares), or in the case of any merger or consolidation of the Company with or into another entity or conversion of the Company
as another entity (other than a consolidation or merger in which the Company is the continuing corporation and is not a subsidiary of
another entity whose shareholders did not own all or substantially all of the Class A Shares of the Company in substantially the same
proportions immediately before such transaction and that does not result in any reclassification or reorganization of the outstanding
Class A Shares), or in the case of any sale or conveyance to another entity of the assets or other property of the Company as an entirety
or substantially as an entirety in connection with which the Company is dissolved, the holders of the Warrants shall thereafter have the
right to purchase and receive, upon the basis and upon the terms and conditions specified in the Warrants and in lieu of the Class A Shares
of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the kind and amount
of shares or other securities or property (including cash) receivable upon such reclassification, reorganization, merger or consolidation,
or upon a dissolution following any such sale or transfer, that the holder of the Warrants would have received if such holder had exercised
his, her or its Warrant(s) immediately prior to such event (the “Alternative Issuance”); provided, however,
that (i) if the holders of the Class A Shares were entitled to exercise a right of election as to the kind or amount of securities, cash
or other assets receivable upon such consolidation or merger, then the kind and amount of securities, cash or other assets constituting
the Alternative Issuance for which each Warrant shall become exercisable shall be deemed to be the weighted average of the kind and amount
received per share by the holders of the Class A Shares in such consolidation or merger that affirmatively make such election, and (ii)
if a tender, exchange or redemption offer shall have been made to and accepted by the holders of the Class A Shares (other than a tender,
exchange or redemption offer made by the Company in connection with redemption rights held by shareholders of the Company as provided
for in the Charter or as a result of the redemption of Class A Shares by the Company if a proposed initial Business Combination is presented
to the shareholders of the Company for approval) under circumstances in which, upon completion of such tender or exchange offer, the maker
thereof, together with members of any group (within the meaning of Rule 13d-5(b)(1) under the Exchange Act (or any successor rule)) of
which such maker is a part, and together with any affiliate or associate of such maker (within the meaning of Rule 12b-2 under the Exchange
Act (or any successor rule)) and any members of any such group of which any such affiliate or associate is a part, own beneficially (within
the meaning of Rule 13d-3 under the Exchange Act (or any successor rule)) more than 65% of the voting power of the Company’s outstanding
equity securities (including with respect to the election of directors), the holder of a Warrant shall be entitled to receive as the Alternative
Issuance, the weighted average of the amount of cash, securities or other property to which such holder would actually have been entitled
as a shareholder if such Warrant holder had exercised the Warrant prior to the expiration of such tender or exchange offer, accepted such
offer and participated in such tender or exchange offer on a pro rata basis with all other holders of Class A Shares, subject to adjustments
(from and after the consummation of such tender or exchange offer) as nearly equivalent as possible to the adjustments provided for in
this Section 4; provided further that if less than 70% of the consideration receivable by the holders of the Class A Shares in the applicable
event is payable in the form of capital stock or shares in the successor entity that is listed for trading on a national securities exchange
or is quoted in an established over-the-counter market, or is to be so listed for trading or quoted immediately following such event,
and if the Registered Holder properly exercises the Warrant within thirty (30) days following the public disclosure of the consummation
of such applicable event by the Company pursuant to a Current Report on Form 8-K filed with the Commission, the Warrant Price shall be
reduced by an amount (in dollars) equal to the difference (but in no event less than zero) of (i) the Warrant Price in effect prior to
such reduction minus (ii) (A) the Per Share Consideration (as defined below) minus (B) the Black-Scholes Warrant Value (as defined below),
which updated Warrant Price shall be included by the Company in a Current Report on Form 8-K, within four (4) business days of such determination.
The “Black-Scholes Warrant Value” means the value of a Warrant immediately prior to the consummation of the
event based on the Black-Scholes Warrant Model for a Capped American Call on Bloomberg Financial Markets (“Bloomberg”),
as calculated by an accounting, appraisal, investment banking firm or consultant of nationally recognized standing that is, in the good
faith judgment of the Board, qualified to make such calculation. For purposes of calculating such amount, (1) Section 6.1 shall be taken
into account, (2) the volume weighted average price of the Class A Shares as reported during the ten (10) trading day period ending on
the trading day prior to the effective date of the applicable event, (3) the assumed volatility shall be the ninety (90) day volatility
obtained from the HVT function on Bloomberg determined as of the trading day immediately prior to the day of the announcement of the applicable
event, and (4) the assumed risk-free interest rate shall correspond to the U.S. Treasury rate for a period equal to the remaining term
of the Warrant. “Per Share Consideration” means (i) if the consideration paid to holders of the Class A Shares
consists exclusively of cash, the amount of such cash per Class A Share, and (ii) in all other cases, the volume weighted average price
of the Class A Shares as reported during the ten (10) trading day period ending on the trading day prior to the effective date of the
applicable event. If any reclassification or reorganization also results in a change in Class A Shares covered by subsection 4.1.1, then
such adjustment shall be made pursuant to subsection 4.1.1 or Sections 4.2, 4.3 and this Section 4.4. The provisions of this Section 4.4
shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers. In no event
will the Warrant Price be reduced to less than the par value per share issuable upon exercise of the Warrant.
8
4.5. Notices
of Changes in Warrant. Upon every adjustment of the Warrant Price or the number of Class A Shares issuable upon exercise of a Warrant,
the Company shall give written notice thereof to the Warrant Agent, which notice shall state the Warrant Price resulting from such adjustment
and the increase or decrease, if any, in the number of Class A Shares purchasable at such price upon the exercise of a Warrant, setting
forth in reasonable detail the method of calculation and the facts upon which such calculation is based. Upon the occurrence of any event
specified in Sections 4.1, 4.2, 4.3 or 4.4, the Company shall give written notice of the occurrence of such
event to each holder of a Warrant, at the last address set forth for such holder in the Warrant Register, of the record date or the effective
date of the event. Failure to give such notice, or any defect therein, shall not affect the legality or validity of such event.
4.6. No
Fractional Shares. Notwithstanding any provision contained in this Agreement to the contrary, the Company shall not issue fractional
Class A Shares upon the exercise of Warrants. If, by reason of any adjustment made pursuant to this Section 4, the holder of any
Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share, the Company shall, upon such
exercise, round down to the nearest whole number the number of Class A Shares to be issued to such holder.
4.7. Form
of Warrant. The form of Warrant need not be changed because of any adjustment pursuant to this Section 4, and Warrants issued
after such adjustment may state the same Warrant Price and the same number of Class A Shares as is stated in the Warrants initially issued
pursuant to this Agreement; provided, however, that the Company may at any time in its sole discretion make any change in the form of
Warrant that the Company may deem appropriate and that does not affect the substance thereof, and any Warrant thereafter issued or countersigned,
whether in exchange or substitution for an outstanding Warrant or otherwise, may be in the form as so changed.
4.8. Other
Events. In case any event shall occur affecting the Company as to which none of the provisions of the preceding subsections of this
Section 4 are strictly applicable, but which would require an adjustment to the terms of the Warrants in order to (i) avoid an
adverse impact on the Warrants and (ii) effectuate the intent and purpose of this Section 4, then, in each such case, the Company
shall appoint a firm of independent public accountants, investment banking or other appraisal firm of recognized national standing, which
shall give its opinion as to whether or not any adjustment to the rights represented by the Warrants is necessary to effectuate the intent
and purpose of this Section 4 and, if they determine that an adjustment is necessary, the terms of such adjustment. The Company
shall adjust the terms of the Warrants in a manner that is consistent with any adjustment recommended in such opinion. For the avoidance
of doubt, all adjustments made pursuant to this Section 4.8 shall be made equally to all outstanding Warrants.
4.9. No
Adjustment. For the avoidance of doubt, no adjustment shall be made to the terms of the Warrants solely as a result of an adjustment
to the conversion ratio of the Company’s Class B ordinary shares, $0.0001 par value per share (the “Class B Ordinary
Shares”) into Class A Shares or the conversion of any Class B Ordinary Shares into Class A Shares, in each case, pursuant
to the Charter.
9
5. Transfer
and Exchange of Warrants.
5.1. Registration
of Transfer. The Warrant Agent shall register the transfer, from time to time, of any outstanding Warrant upon the Warrant Register,
upon surrender of such Warrant for transfer, in the case of a certificated Warrant, properly endorsed with signatures properly guaranteed
and accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant representing an equal aggregate number
of Warrants shall be issued and the old Warrant shall be cancelled by the Warrant Agent. In the case of certificated Warrants, the Warrants
so cancelled shall be delivered by the Warrant Agent to the Company from time to time upon request.
5.2. Procedure
for Surrender of Warrants. Warrants may be surrendered to the Warrant Agent, together with a written request for exchange or transfer,
and thereupon the Warrant Agent shall issue in exchange therefor one or more new Warrants as requested by the Registered Holder of the
Warrants so surrendered, representing an equal aggregate number of Warrants; provided, however, that except as otherwise provided
herein or in any Book-Entry Warrant Certificate or Definitive Warrant Certificate, each Book-Entry Warrant Certificate and Definitive
Warrant Certificate may be transferred only in whole and only to the Depositary, to another nominee of the Depositary, to a successor
depository, or to a nominee of a successor depository; provided further, however, that in the event that a Warrant surrendered for transfer
bears a restrictive legend (as in the case of the Private Placement Warrants and the Working Capital Warrants), the Warrant Agent shall
not cancel such Warrant and issue new Warrants in exchange thereof until the Warrant Agent has received an opinion of counsel for the
Company stating that such transfer may be made and indicating whether the new Warrants must also bear a restrictive legend.
5.3. Fractional
Warrants. The Warrant Agent shall not be required to effect any registration of transfer or exchange which shall result in the issuance
of a warrant certificate or book-entry position for a fraction of a Warrant, except as part of the Units.
5.4. Service
Charges. No service charge shall be made for any exchange or registration of transfer of Warrants.
5.5. Warrant
Execution and Countersignature. The Warrant Agent is hereby authorized to countersign and to deliver, in accordance with the terms
of this Agreement, the Warrants required to be issued pursuant to the provisions of this Section 5, and the Company, whenever required
by the Warrant Agent, shall supply the Warrant Agent with Warrants duly executed on behalf of the Company for such purpose.
5.6. Transfer
of Warrants. Prior to the Detachment Date, the Public Warrants may be transferred or exchanged only together with the Unit in which
such Warrant is included, and only for the purpose of effecting, or in conjunction with, a transfer or exchange of such Unit. Furthermore,
each transfer of a Unit on the register relating to such Units shall operate also to transfer the Warrants included in such Unit. Notwithstanding
the foregoing, the provisions of this Section 5.6 shall have no effect on any transfer of Warrants on and after the Detachment
Date.
6. Redemption.
6.1. Redemption
of Warrants for Cash. All, but not less than all, of the outstanding Warrants may be redeemed (in whole and not in part), at the option
of the Company, at any time during the Exercise Period, at the office of the Warrant Agent, upon notice to the Registered Holders of the
Warrants, as described in Section 6.2 below, at a Redemption Price (as defined below) of $0.01 per Warrant; provided that (a) the
Reference Value equals or exceeds $18.00 per share (subject to adjustment in compliance with Section 4 hereof) and (b) there is
an effective registration statement covering the Class A Shares issuable upon exercise of the Warrants, and a current prospectus relating
thereto, available throughout the Measurement Period and the 30-day Redemption Period (each as defined in Section 6.2 below).
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6.2. Date
Fixed for, and Notice of, Redemption; Redemption Price; Reference Value. In the event that the Company elects to redeem the Warrants
pursuant to Section 6.1, the Company shall fix a date for the redemption (the “Redemption Date”). Notice
of redemption shall be mailed by first class mail, postage prepaid, by the Company not less than thirty (30) days prior to the Redemption
Date (such period, the “Redemption Period”) to the Registered Holders of the Warrants to be redeemed at their
last addresses as they shall appear on the registration books. Any notice mailed in the manner herein provided shall be conclusively presumed
to have been duly given whether or not the Registered Holder received such notice. As used in this Agreement, (a) “Redemption
Price” shall mean the price per Warrant at which any Warrants are redeemed pursuant to Section 6.1 and (b) “Reference
Value” shall mean the last reported sales price of the Class A Shares for any twenty (20) trading days within the thirty
(30) trading-day period commencing at least 30 days after the completion of the initial Business Combination and ending on the third trading
day prior to the date on which notice of the redemption is given (the “Measurement Period”).
6.3. Exercise
After Notice of Redemption. The Warrants may be exercised, for cash (or on a “cashless basis” in accordance with Section
3 of this Agreement) at any time after notice of redemption shall have been given by the Company pursuant to Section 6.2 hereof
and prior to the Redemption Date. In the event the Company determines to require all holders of Warrants to exercise their Warrants on
a “cashless basis” pursuant to subsection 3.3.1(b), the notice of redemption will contain the information necessary
to calculate the number of Class A Shares to be received upon exercise of the Warrants, including the “Fair Market Value”
(as such term is defined in subsection 3.3.1(b) hereof) in such case. On and after the Redemption Date, the record holder of the Warrants
shall have no further rights except to receive, upon surrender of the Warrants, the Redemption Price.
7. Other
Provisions Relating to Rights of Holders of Warrants.
7.1. No
Rights as Shareholder. A Warrant does not entitle the Registered Holder thereof to any of the rights of a shareholder of the Company,
including, without limitation, the right to receive dividends, or other distributions, exercise any preemptive rights to vote or to consent
or to receive notice as shareholders in respect of the meetings of shareholders or the election of directors of the Company or any other
matter.
7.2. Lost,
Stolen, Mutilated or Destroyed Warrants. If any Warrant is lost, stolen, mutilated or destroyed, the Company and the Warrant Agent
may on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case of a mutilated Warrant,
include the surrender thereof), issue a new Warrant of like denomination, tenor and date as the Warrant so lost, stolen, mutilated or
destroyed. Any such new Warrant shall constitute a substitute contractual obligation of the Company, whether or not the allegedly lost,
stolen, mutilated or destroyed Warrant shall be at any time enforceable by anyone.
7.3. Reservation
of Class A Shares. The Company shall at all times reserve and keep available a number of its authorized but unissued Class A Shares
that shall be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement.
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7.4. Registration
of Class A Shares; Cashless Exercise at Company’s Option.
7.4.1. Registration
of the Class A Shares. The Company agrees that as soon as practicable, but in no event later than twenty (20) Business Days after
the closing of its initial Business Combination, it shall use its commercially reasonable efforts to file with the Commission a registration
statement on Form S-1, Form S-3, Form F-1, or Form F-3, as applicable, for the registration under the Securities Act, of the issuance
of the Class A Shares issuable upon exercise of the Warrants. The Company shall use its commercially reasonable efforts to cause the same
to become effective and to maintain the effectiveness of such post-effective amendment or registration statement, and a current prospectus
relating thereto, until the expiration or redemption of the Warrants in accordance with the provisions of this Agreement. If any such
post-effective amendment or registration statement has not been declared effective by the sixtieth (60th) Business Day following the closing
of the initial Business Combination, holders of the Warrants shall have the right, during the period beginning on the sixty-first (61st)
Business Day after the closing of the initial Business Combination and ending upon such post-effective amendment or registration statement
being declared effective by the Commission, and during any other period when the Company shall fail to have maintained an effective registration
statement covering the Class A Shares issuable upon exercise of the Warrants, to exercise such Warrants on a “cashless basis,”
by exchanging the Warrants (in accordance with Section 3(a)(9) of the Securities Act (or any successor rule) or another exemption) for
that number of Class A Shares equal to the quotient obtained by dividing (x) the product of the number of Class A Shares underlying the
Warrants, multiplied by the excess of the “Fair Market Value” (as defined below) over the Warrant Price by (y) the Fair Market
Value. Solely for purposes of this subsection 7.4.1, “Fair Market Value” shall mean the average reported closing price
of the Class A Shares as reported during the ten (10) trading day period ending on the third (3rd) trading day prior to the
date that notice of exercise is received by the Warrant Agent from the holder of such Warrants or its securities broker or intermediary.
The date that notice of “cashless exercise” is received by the Warrant Agent shall be conclusively determined by the Warrant
Agent. In connection with the “cashless exercise” of a Public Warrant, the Company shall, upon request, provide the Warrant
Agent with an opinion of counsel for the Company (which shall be an outside law firm with securities law experience) stating that (i)
the exercise of the Warrants on a “cashless basis” in accordance with this subsection 7.4.1 is not required to be registered
under the Securities Act and (ii) the Class A Shares issued upon such exercise shall be freely tradable under United States federal securities
laws by anyone who is not an affiliate (as such term is defined in Rule 144 under the Securities Act (or any successor rule)) of the Company
and, accordingly, shall not be required to bear a restrictive legend. Except as provided in subsection 7.4.2, for the avoidance
of any doubt, unless and until all of the Warrants have been exercised or have expired, the Company shall continue to be obligated to
comply with its registration obligations under the first three sentences of this subsection 7.4.1.
7.4.2. Cashless
Exercise at Company’s Option. If the Class A Shares are at the time of any exercise of a Warrant not listed on a national securities
exchange such that they satisfy the definition of “covered securities” under Section 18(b)(1) of the Securities Act (or any
successor rule), the Company may, at its option, require holders of Warrants who exercise their Warrants to exercise such Public Warrants
on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act (or any successor rule) as described in subsection
7.4.1 and (i) in the event the Company so elects, the Company shall not be required to file or maintain in effect a registration statement
for the registration, under the Securities Act, of the Class A Shares issuable upon exercise of the Warrants, notwithstanding anything
in this Agreement to the contrary or (ii) if the Company does not so file or maintain such registration statement, the Company agrees
to use its commercially reasonable efforts to register or qualify for sale the Class A Shares issuable upon exercise of the Public Warrants
under the applicable blue sky laws of the state of residence of the exercising Public Warrant holder to the extent an exemption is not
available.
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8. Concerning
the Warrant Agent and Other Matters.
8.1. Payment
of Taxes. The Company shall from time to time promptly pay all taxes and charges that may be imposed upon the Company or the Warrant
Agent in respect of the issuance or delivery of Class A Shares upon the exercise of the Warrants, but the Company shall not be obligated
to pay any transfer taxes in respect of the Warrants or such Class A Shares.
8.2. Resignation,
Consolidation or Merger of Warrant Agent.
8.2.1. Appointment
of Successor Warrant Agent. The Warrant Agent, or any successor to it hereafter appointed, may resign its duties and be discharged
from all further duties and liabilities hereunder after giving sixty (60) days’ notice in writing to the Company. If the office
of the Warrant Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall appoint in writing a successor
Warrant Agent in place of the Warrant Agent. If the Company shall fail to make such appointment within a period of thirty (30) days after
it has been notified in writing of such resignation or incapacity by the Warrant Agent or by the holder of a Warrant (who shall, with
such notice, submit his, her or its Warrant for inspection by the Company), then the holder of any Warrant may apply to the Supreme Court
of the State of New York for the County of New York for the appointment of a successor Warrant Agent at the Company’s cost. Any
successor Warrant Agent, whether appointed by the Company or by such court, shall be a corporation or other entity organized and existing
under the laws of the State of New York, in good standing and having its principal office in the Borough of Manhattan, City and State
of New York, and authorized under such laws to exercise corporate trust powers and subject to supervision or examination by federal or
state authority. After appointment, any successor Warrant Agent shall be vested with all the authority, powers, rights, immunities, duties
and obligations of its predecessor Warrant Agent with like effect as if originally named as Warrant Agent hereunder, without any further
act or deed; but if for any reason it becomes necessary or appropriate, the predecessor Warrant Agent shall execute and deliver, at the
expense of the Company, an instrument transferring to such successor Warrant Agent all the authority, powers and rights of such predecessor
Warrant Agent hereunder; and upon request of any successor Warrant Agent the Company shall make, execute, acknowledge and deliver any
and all instruments in writing for more fully and effectually vesting in and confirming to such successor Warrant Agent all such authority,
powers, rights, immunities, duties and obligations.
8.2.2. Notice
of Successor Warrant Agent. In the event a successor Warrant Agent shall be appointed, the Company shall give notice thereof to the
predecessor Warrant Agent and the Transfer Agent for the Class A Shares not later than the effective date of any such appointment.
8.2.3. Merger
or Consolidation of Warrant Agent. Any entity into which the Warrant Agent may be merged or with which it may be consolidated or any
entity resulting from any merger or consolidation to which the Warrant Agent shall be a party shall be the successor Warrant Agent under
this Agreement without any further act.
8.3. Fees and Expenses of Warrant Agent.
8.3.1. Remuneration.
The Company agrees to pay the Warrant Agent reasonable remuneration for its services as such Warrant Agent hereunder and shall, pursuant
to its obligations under this Agreement, reimburse the Warrant Agent upon demand for all expenditures that the Warrant Agent may reasonably
incur in the execution of its duties hereunder.
8.3.2. Further Assurances.
The Company agrees to perform, execute, acknowledge, and deliver or cause to be performed, executed, acknowledged and delivered all such
further and other acts, instruments and assurances as may reasonably be required by the Warrant Agent for the carrying out or performing
of the provisions of this Agreement.
13
8.4. Liability of Warrant Agent.
8.4.1. Reliance
on Company Statement. Whenever in the performance of its duties under this Agreement, the Warrant Agent shall deem it necessary or
desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder, such fact
or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established
by a statement signed by any director of the Company, the Chief Executive Officer, Chief Financial Officer, President, Executive Vice
President, Vice President, Secretary, Chairman of the Board of the Company or any director of the Company and delivered to the Warrant
Agent. The Warrant Agent may rely upon such statement for any action taken or suffered in good faith by it pursuant to the provisions
of this Agreement.
8.4.2. Indemnity.
The Warrant Agent shall be liable hereunder only for its own gross negligence, willful misconduct, fraud or bad faith. The Company agrees
to indemnify the Warrant Agent and save it harmless against any and all liabilities, including judgments, out of pocket costs and reasonable
outside counsel fees, for anything done or omitted by the Warrant Agent in the execution of this Agreement, except as a result of the
Warrant Agent’s gross negligence, willful misconduct, fraud or bad faith.
8.4.3. Exclusions.
The Warrant Agent shall have no responsibility with respect to the validity of this Agreement or with respect to the validity or execution
of any Warrant (except its countersignature thereof). The Warrant Agent shall not be responsible for any breach by the Company of any
covenant or condition contained in this Agreement or in any Warrant. The Warrant Agent shall not be responsible to make any adjustments
required under the provisions of Section 4 hereof or responsible for the manner, method or amount of any such adjustment or the
ascertaining of the existence of facts that would require any such adjustment; nor shall it by any act hereunder be deemed to make any
representation or warranty as to the authorization or reservation of any Class A Shares to be issued pursuant to this Agreement or any
Warrant or as to whether any Class A Shares shall, when issued, be valid and fully paid and non-assessable.
8.5. Acceptance
of Agency. The Warrant Agent hereby accepts the agency established by this Agreement and agrees to perform the same upon the terms
and conditions herein set forth and among other things, shall account promptly to the Company with respect to Warrants exercised and concurrently
account for, and pay to the Company, all monies received by the Warrant Agent for the purchase of Class A Shares through the exercise
of the Warrants.
8.6. Waiver.
The Warrant Agent has no right of set-off or any other right, title, interest or claim of any kind (“Claim”)
in, or to any distribution of, the Trust Account (as defined in that certain Investment Management Trust Agreement, dated as of the date
hereof, by and between the Company and the Warrant Agent as trustee thereunder) and hereby agrees not to seek recourse, reimbursement,
payment or satisfaction for any Claim against the Trust Account for any reason whatsoever. The Warrant Agent hereby irrevocably waives
any and all Claims against the Trust Account, including any monies therein or any distribution therefrom, and any and all rights to seek
access to the Trust Account.
9. Miscellaneous
Provisions.
9.1. Successors.
All the covenants and provisions of this Agreement by or for the benefit of the Company or the Warrant Agent shall bind and inure to the
benefit of their respective successors and assigns.
14
9.2. Notices.
Any notice, statement or demand authorized by this Agreement to be given or made by the Warrant Agent or by the holder of any Warrant
to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private
courier service within five (5) days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing
by the Company with the Warrant Agent), as follows:
FutureCorp Space Acquisition 1
8605 Santa Monica Blvd., #54207
Los Angeles, CA 90069
Attention: Joshua Marks, Chief Executive Officer and Chief Financial Officer
Any notice, statement or demand
authorized by this Agreement to be given or made by the holder of any Warrant or by the Company to or on the Warrant Agent shall be sufficiently
given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five (5) days
after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Warrant Agent with the Company),
as follows:
Continental Stock Transfer & Trust Company
1 State Street, 30th Floor
New York, NY 10004
Attention: Compliance Department
in each case, with copies to:
Ellenoff Grossman & Schole LLP
1345 Avenue of the Americas, 11th Floor
New York, New York 10105
Attention: Stuart Neuhauser, Esq.; Steven Mermelstein, Esq.
Email: sneuhauser@egsllp.com; smermelstein@egsllp.com
Cantor Fitzgerald & Co., Inc.
499 Park Avenue
New York, NY 10022
Telephone: (212) 938-5000
and
DLA Piper LLP (US)
1251 Avenue of the Americas
New York, NY 10020
Attention: Stephen P. Alicanti
Telephone: (212) 335-4500
15
9.3. Applicable
Law and Exclusive Forum. The validity, interpretation and performance of this Agreement and of the Warrants shall be governed in all
respects by the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application
of the substantive laws of another jurisdiction. The Company hereby agrees that any action, proceeding or claim against it arising out
of or relating in any way to this Agreement, including under the Securities Act, shall be brought and enforced in the courts of the State
of New York or the United States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which
jurisdiction shall be the exclusive forum for any such action, proceeding or claim. The Company hereby waives any objection to such exclusive
jurisdiction and that such courts represent an inconvenient forum. Notwithstanding the foregoing, the provisions of this paragraph will
not apply to suits brought to enforce any liability or duty created by the Exchange Act or any other claim for which the federal district
courts of the United States of America are the sole and exclusive forum. Any person or entity purchasing or otherwise acquiring any interest
in the Warrants shall be deemed to have notice of and to have consented to the forum provisions in this Section 9.3. If any action,
the subject matter of which is within the scope of the forum provisions above, is filed in a court other than a court located within the
State of New York or the United States District Court for the Southern District of New York (a “foreign action”)
in the name of any warrant holder, such warrant holder shall be deemed to have consented to: (x) the personal jurisdiction of the state
and federal courts located within the State of New York or the United States District Court for the Southern District of New York in connection
with any action brought in any such court to enforce the forum provisions (an “enforcement action”), and (y)
having service of process made upon such warrant holder in any such enforcement action by service upon such warrant holder’s counsel
in the foreign action as agent for such warrant holder.
9.4. Persons
Having Rights under this Agreement. Nothing in this Agreement shall be construed to confer upon, or give to, any person, corporation
or other entity other than the parties hereto and the Registered Holders of the Warrants any right, remedy or claim under or by reason
of this Agreement or of any covenant, condition, stipulation, promise or agreement hereof. All covenants, conditions, stipulations, promises
and agreements contained in this Agreement shall be for the sole and exclusive benefit of the parties hereto and their successors and
assigns and of the Registered Holders of the Warrants.
9.5. Examination
of the Warrant Agreement. A copy of this Agreement shall be available at all reasonable times at the office of the Warrant Agent in
the Borough of Manhattan, City and State of New York, for inspection by the Registered Holder of any Warrant. The Warrant Agent may require
any such holder to submit such holder’s Warrant for inspection by the Warrant Agent.
9.6. Counterparts.
This Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts shall for all purposes
be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.
9.7. Effect
of Headings. The section headings herein are for convenience only and are not part of this Agreement and shall not affect the interpretation
thereof.
9.8. Amendments.
This Agreement may be amended by the parties hereto without the consent of any Registered Holder (i) for the purpose of (x) curing any
ambiguity or to correct any defective provision contained herein, including to conform the provisions hereof to the description of the
terms of the Warrants and this Agreement set forth in the Prospectus, (y) adjusting the definition of “Ordinary Cash Dividend”
as contemplated by and in accordance with the second sentence of subsection 4.1.2 or (z) adding or changing any other provisions
with respect to matters or questions arising under this Agreement as the parties may deem necessary or desirable and that the parties
deem shall not adversely affect the interest of the Registered Holders, and (ii) to provide for the delivery of an Alternative Issuance
pursuant to Section 4.4. All other modifications or amendments, including any modification or amendment to increase the Warrant
Price or shorten the Exercise Period shall require the vote or written consent of the Registered Holders of 50% of the number of the then
outstanding Public Warrants and, solely with respect to any amendment to the terms of the Private Placement Warrants or Working Capital
Warrants or any provision of this Agreement with respect to the Private Placement Warrants, or Working Capital Warrants (including, for
the avoidance of doubt, the forfeiture or cancellation of any Private Placement Warrants or Working Capital Warrants), 50% of the number
of then outstanding Private Placement Warrants (including the vote or written consent of Cantor) and Working Capital Warrants. Notwithstanding
the foregoing, the Company may lower the Warrant Price or extend the duration of the Exercise Period pursuant to Sections 3.1 and
3.2, respectively, without the consent of the Registered Holders.
9.9. Severability.
This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the
validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable
term or provision, the parties hereto intend that there shall be added as a part of this Agreement a provision as similar in terms to
such invalid or unenforceable provision as may be possible and be valid and enforceable.
[Signature Page Follows]
16
IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly executed as of the date first above written.
FUTURECORP SPACE ACQUISITION 1
By:
/s/ Joshua B. Marks
Name:
Joshua B. Marks
Title:
Chief Executive Officer and Chief Financial Officer
CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Warrant Agent
By:
/s/ Ana Gois
Name:
Ana Gois
Title:
Vice President
[Signature Page to Warrant Agreement]
EXHIBIT
A
PRIVATE PLACEMENT WARRANTS LEGEND
THE SECURITIES REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED, SOLD, TRANSFERRED
OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAWS OR AN
EXEMPTION FROM REGISTRATION IS AVAILABLE. IN ADDITION, SUBJECT TO ANY ADDITIONAL LIMITATIONS ON TRANSFER DESCRIBED IN THE AGREEMENTS BY
AND AMONG FUTURECORP SPACE ACQUISITION 1 (THE “COMPANY”), FUTURECORP SPACE ACQUISITION 1 LLC AND THE OTHER SIGNATORIES THERETO,
THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD OR TRANSFERRED PRIOR TO THE DATE THAT IS THIRTY (30) DAYS AFTER THE DATE
UPON WHICH THE COMPANY COMPLETES ITS INITIAL BUSINESS COMBINATION (AS DEFINED IN SECTION 3 OF THE WARRANT AGREEMENT REFERRED TO HEREIN)
EXCEPT TO A PERMITTED TRANSFEREE WHO AGREES IN WRITING WITH THE COMPANY TO BE SUBJECT TO SUCH TRANSFER PROVISIONS.
SECURITIES EVIDENCED BY THIS CERTIFICATE AND ORDINARY
SHARES OF THE COMPANY ISSUED UPON EXERCISE OF SUCH SECURITIES SHALL BE ENTITLED TO REGISTRATION RIGHTS UNDER A REGISTRATION RIGHTS AGREEMENT
TO BE EXECUTED BY THE COMPANY.
EXHIBIT
B
[Form of Warrant Certificate]
[FACE]
Number
Warrants
THIS
WARRANT SHALL BE VOID IF NOT EXERCISED PRIOR TO
THE EXPIRATION OF THE EXERCISE PERIOD PROVIDED FOR IN THE
WARRANT AGREEMENT DESCRIBED BELOW
FUTURECORP SPACE ACQUISITION 1
Incorporated Under the Laws of the Cayman Islands
CUSIP [ ]
Warrant Certificate
This Warrant Certificate
certifies that _______, or its registered assigns, is the registered holder of _______ warrants evidenced hereby (the “Warrants”
and each, a “Warrant”) to purchase Class A ordinary shares, $0.0001 par value per share (the “Ordinary Shares”),
of FutureCorp Space Acquisition 1, a Cayman Islands exempted company (the “Company”). Each whole Warrant entitles the
holder, upon exercise during the period set forth in the Warrant Agreement referred to below, to receive from the Company that number
of fully paid and non-assessable Ordinary Shares as set forth below, at the exercise price (the “Warrant Price”) as
determined pursuant to the Warrant Agreement, payable in lawful money (or through “cashless exercise” as provided for in the
Warrant Agreement) of the United States of America upon surrender of this Warrant Certificate and payment of the Warrant Price at the
office or agency of the Warrant Agent referred to below, subject to the conditions set forth herein and in the Warrant Agreement. Defined
terms used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement.
Each whole Warrant is initially
exercisable for one fully paid and non-assessable Ordinary Share. No fractional shares will be issued upon exercise of any Warrant. If,
upon the exercise of Warrants, a holder would be entitled to receive a fractional interest in an Ordinary Share, the Company will, upon
exercise, round down to the nearest whole number the number of Ordinary Shares to be issued to the Warrant holder. The number of Ordinary
Shares issuable upon exercise of the Warrants is subject to adjustment upon the occurrence of certain events set forth in the Warrant
Agreement.
The initial Warrant Price
per Ordinary Share for any Warrant is equal to $11.50 per share. The Warrant Price is subject to adjustment upon the occurrence of certain
events set forth in the Warrant Agreement.
Subject to the conditions
set forth in the Warrant Agreement, the Warrants may be exercised only during the Exercise Period and to the extent not exercised by the
end of such Exercise Period, such Warrants shall become void. The Warrants may be redeemed, subject to certain conditions, as set forth
in the Warrant Agreement. In addition, and notwithstanding anything else in this Warrant Certificate
or the Warrant Agreement, to the extent that the holder of a Warrant has delivered a notice contemplated by subsection 3.3.5 of
the Warrant Agreement, neither the Company nor the Warrant Agent shall issue to the holder of a Warrant, and a holder may not acquire,
any right it might have to acquire, a number of Ordinary Shares upon exercise of any Warrant to the extent that, upon such exercise, the
number of Ordinary Shares then beneficially owned by the holder would exceed the Maximum Percentage of Ordinary Shares outstanding immediately
after giving effect to such exercise as determined in accordance with subsection 3.3.5. of the Warrant Agreement.
Reference is hereby made to
the further provisions of this Warrant Certificate set forth on the reverse hereof and such further provisions shall for all purposes
have the same effect as though fully set forth at this place.
This Warrant Certificate shall
not be valid unless countersigned by the Warrant Agent, as such term is used in the Warrant Agreement. This Warrant Certificate shall
be governed by and construed in accordance with the internal laws of the State of New York.
FUTURECORP SPACE ACQUISITION 1
By:
Name:
Joshua B. Marks
Title:
Chief Executive Officer and Chief Financial Officer
[______________], as Warrant Agent
By:
Name:
Title:
[Form of Warrant Certificate]
[Reverse]
The Warrants evidenced by
this Warrant Certificate are part of a duly authorized issue of Warrants entitling the holder on exercise to receive Ordinary Shares and
are issued or to be issued pursuant to that certain Warrant Agreement dated as of June 4, 2026 (the “Warrant Agreement”),
duly executed and delivered by the Company to Continental Stock Transfer &Trust Company, a New York corporation, as warrant agent
(the “Warrant Agent”), which Warrant Agreement is hereby incorporated by reference in and made a part of this instrument
and is hereby referred to for a description of the rights, limitation of rights, obligations, duties and immunities thereunder of the
Warrant Agent, the Company and the holders (the words “holders” or “holder” meaning the Registered
Holders or Registered Holder, respectively) of the Warrants. A copy of the Warrant Agreement may be obtained by the holder hereof upon
written request to the Company. Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to
them in the Warrant Agreement.
Warrants may be exercised
at any time during the Exercise Period set forth in the Warrant Agreement. The holder of Warrants evidenced by this Warrant Certificate
may exercise them by surrendering this Warrant Certificate, with the form of election to purchase set forth hereon properly completed
and executed, together with payment of the Warrant Price as specified in the Warrant Agreement (or through “cashless exercise”
as provided for in the Warrant Agreement) at the principal corporate trust office of the Warrant Agent. In the event that upon any exercise
of Warrants evidenced hereby the number of Warrants exercised shall be less than the total number of Warrants evidenced hereby, there
shall be issued to the holder hereof or his, her or its assignee, a new Warrant Certificate evidencing the number of Warrants not exercised.
Notwithstanding anything else
in this Warrant Certificate or the Warrant Agreement, no Warrant may be exercised unless at the time of exercise (i) a registration statement
on Form S-1, Form S-3, Form F-1, or Form F-3, as applicable, covering the Ordinary Shares to be issued upon exercise is effective under
the Securities Act of 1933, as amended, and (ii) a prospectus thereunder relating to the Ordinary Shares is current, except through “cashless
exercise” as provided for in the Warrant Agreement.
The Warrant Agreement provides
that upon the occurrence of certain events the number of Ordinary Shares issuable upon the exercise of the Warrants set forth on the face
hereof may, subject to certain conditions, be adjusted. If, upon exercise of a Warrant, the holder thereof would be entitled to receive
a fractional interest in an Ordinary Share, the Company shall, upon exercise, round down to the nearest whole number of Ordinary Shares
to be issued to the holder of the Warrant.
Warrant Certificates, when
surrendered at the principal corporate trust office of the Warrant Agent by the Registered Holder thereof in person or by legal representative
or attorney duly authorized in writing, may be exchanged, in the manner and subject to the limitations provided in the Warrant Agreement,
but without payment of any service charge, for another Warrant Certificate or Warrant Certificates of like tenor evidencing in the aggregate
a like number of Warrants.
Upon due presentation for
registration of transfer of this Warrant Certificate at the office of the Warrant Agent, a new Warrant Certificate or Warrant Certificates
of like tenor and evidencing in the aggregate a like number of Warrants shall be issued to the transferee(s) in exchange for this Warrant
Certificate, subject to the limitations provided in the Warrant Agreement, without charge except for any tax or other governmental charge
imposed in connection therewith.
The Company and the Warrant
Agent may deem and treat the Registered Holder(s) hereof as the absolute owner(s) of this Warrant Certificate (notwithstanding any notation
of ownership or other writing hereon made by anyone), for the purpose of any exercise hereof, of any distribution to the holder(s) hereof,
and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary. Neither the
Warrants nor this Warrant Certificate entitles any holder hereof to any rights of a shareholder of the Company.
Election to Purchase
(To Be Executed Upon Exercise of Warrant)
The undersigned hereby irrevocably
elects to exercise the right, represented by this Warrant Certificate, to receive Ordinary Shares and herewith tenders payment for such
Ordinary Shares to the order of FutureCorp Space Acquisition 1 (the “Company”) in the amount of $_____ in accordance
with the terms hereof. The undersigned requests that a certificate for such Ordinary Shares be registered in the name of _______, whose
address is _______, and that such Ordinary Shares be delivered to , whose address is _______. If said number of Ordinary Shares is less
than all of the Ordinary Shares purchasable hereunder, the undersigned requests that a new Warrant Certificate representing the remaining
balance of such Ordinary Shares be registered in the name of _______, whose address is _______ and that such Warrant Certificate be delivered
to ______ , whose address is ________.
In
the event that the Warrant has been called for redemption by the Company pursuant to Section 6.1 of the Warrant Agreement and the
Company has required “cashless” exercise pursuant to Section 6.3 and Section 3.3.1(b) of the Warrant Agreement,
the number of Ordinary Shares that this Warrant is exercisable for shall be determined in accordance with Section 6.3 and Section
3.3.1(b) of the Warrant Agreement.
In the event that the Warrant
is to be exercised on a “cashless” basis pursuant to Section 7.4 of the Warrant Agreement, the number of Ordinary Shares
that this Warrant is exercisable for shall be determined in accordance with Section 7.4 of the Warrant Agreement.
In the event that the Warrant
may be exercised, to the extent allowed by the Warrant Agreement, through cashless exercise (i) the number of Ordinary Shares that this
Warrant is exercisable for would be determined in accordance with the relevant section of the Warrant Agreement which allows for such
cashless exercise and (ii) the holder hereof shall complete the following: The undersigned hereby irrevocably elects to exercise the right,
represented by this Warrant Certificate, through the cashless exercise provisions of the Warrant Agreement, to receive Ordinary Shares.
If said number of Ordinary Shares is less than all of the Ordinary Shares purchasable hereunder (after giving effect to the cashless exercise),
the undersigned requests that a new Warrant Certificate representing the remaining balance of such Ordinary Shares be registered in the
name of , whose address is and that such Warrant Certificate be delivered to , whose address is.
[To be included in any Election
to Purchase of a holder who has provided the notice set forth in subsection 3.3.5 of the Warrant Agreement.
By signing this Election to
Purchase, the undersigned hereby certifies that upon after giving effect to such exercise, the undersigned (together with such person’s
affiliates) or any “group” of which holder or its affiliates is a member, would not beneficially own in excess of the Maximum
Percentage of the Ordinary Shares outstanding immediately after giving effect to such exercise as determined in accordance with subsection
3.3.5. of the Warrant Agreement.]
[Signature Page Follows]
Date:_____________
(Signature)
(Address)
(Tax Identification Number)
Signature Guaranteed:
THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE
GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE
MEDALLION PROGRAM, PURSUANT TO SEC RULE 17Ad-15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (OR ANY SUCCESSOR RULE)).
EX-10.1 — INVESTMENT MANAGEMENT TRUST AGREEMENT, JUNE 4, 2026, BY AND BETWEEN THE COMPANY AND CONTINENTAL STOCK TRANSFER & TRUST COMPANY, AS TRUSTEE
EX-10.1
Filename: ea029400701ex10-1.htm · Sequence: 4
Exhibit 10.1
INVESTMENT MANAGEMENT TRUST AGREEMENT
This Investment Management
Trust Agreement (this “Agreement”) is made effective as of June 4, 2026 by and between FutureCorp Space Acquisition
1, a Cayman Islands exempted company (the “Company”), and Continental Stock Transfer & Trust Company, a
New York corporation (the “Trustee”).
WHEREAS, the Company’s
registration statement on Form S-1, (File No. 333-296040) (the “Registration Statement”) and prospectus (the
“Prospectus”) for the initial public offering of the Company’s units (the “Units”),
each of which consists of one of the Company’s Class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares”),
and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Ordinary Share (such initial public
offering hereinafter referred to as the “Offering”), has been declared effective as of the date hereof by the
U.S. Securities and Exchange Commission;
WHEREAS, the Company has entered
into an Underwriting Agreement (the “Underwriting Agreement”) with Cantor Fitzgerald & Co., as representative
(the “Representative”) of the underwriters (the “Underwriters”) named therein;
WHEREAS, as described in the
Registration Statement, $200,000,000 of the gross proceeds of the Offering and sale of the Private Placement Warrants (as defined in the
Underwriting Agreement) (or $230,000,000 if the Underwriters’ over-allotment option is exercised in full) will be delivered to the
Trustee to be deposited and held in a segregated trust account located at all times in the United States (the “Trust Account”)
for the benefit of the Company and the holders of the Ordinary Shares included in the Units issued in the Offering as hereinafter provided
(the amount to be delivered to the Trustee (and any interest subsequently earned thereon) is referred to herein as the “Property,”
the shareholders for whose benefit the Trustee shall hold the Property will be referred to as the “Public Shareholders,”
and the Public Shareholders and the Company will be referred to together as the “Beneficiaries”);
WHEREAS, pursuant to the Underwriting
Agreement, a portion of the Property equal to $8,000,000, or $9,800,000 if the Underwriters’ over-allotment option is exercised
in full, is attributable to deferred underwriting discounts and commissions that will be payable by the Company to the Representative
upon the consummation of the Business Combination (as defined below) (such discounts and commissions, the “Deferred Discount”);
and
WHEREAS, the Company and the
Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall hold the Property.
NOW THEREFORE, IT IS AGREED:
1. Agreements
and Covenants of Trustee. The Trustee hereby agrees and covenants to:
(a) Hold
the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in the Trust Account established by the Trustee
in the United States at J.P. Morgan Chase Bank, N.A. (or at another U.S. chartered commercial bank with consolidated assets of $100 billion
or more) and at a brokerage institution selected by the Trustee that is reasonably satisfactory to the Company;
(b) Manage,
supervise and administer the Trust Account subject to the terms and conditions set forth herein;
(c) Promptly
upon receipt of written instruction of the Company, (i) invest and reinvest the Property, initially solely in United States government
securities within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended, having a maturity of 185 days or
less, or in money market funds meeting the conditions of paragraphs (d)(1), (d)(2), (d)(3) and (d)(4) of Rule 2a-7 promulgated under the
Investment Company Act of 1940, as amended (or any successor rule), which invest only in direct U.S. government treasury obligations,
(ii) hold the Property as uninvested cash or (iii) hold the Property in an interest or non-interest bearing demand deposit account at
a U.S. chartered commercial bank with consolidated assets of $100 billion or more selected by the Trustee that is reasonably satisfactory
to the Company; it being understood that the Trust Account will earn no interest while account funds are uninvested awaiting the Company’s
instructions hereunder and while invested or uninvested, the Trustee may earn bank credits or other consideration during such periods;
(d) Collect
and receive, when due, all interest or other income arising from the Property, which shall become part of the “Property,”
as such term is used herein;
(e) Promptly
notify the Company and the Representative of all communications received by the Trustee with respect to any Property requiring action
by the Company;
(f) Supply
any necessary information or documents as may be requested by the Company (or its authorized agents) in connection with the Company’s
preparation of the tax returns relating to assets held in the Trust Account or in connection with the preparation of the Company’s
financial statements or completion of the audit of the Company’s financial statements by the Company’s auditors;
(g) Participate
in any plan or proceeding for protecting or enforcing any right or interest arising from the Property if, as and when instructed by the
Company to do so;
(h) Render
to the Company monthly written statements of the activities of, and amounts in, the Trust Account reflecting all receipts and disbursements
of the Trust Account;
(i) Commence
liquidation of the Trust Account only after and promptly after (x) receipt of, and only in accordance with, the terms of a letter from
the Company (“Termination Letter”) in a form substantially similar to that attached hereto as either Exhibit
A or Exhibit B, as applicable, signed on behalf of the Company by its Chief Executive Officer, President, Chief Financial Officer,
Secretary or Chairperson of the board of directors of the Company (the “Board”) or other authorized officer
of the Company, and, in the case of Exhibit A, acknowledged and agreed to by the Representative, and complete the liquidation of the Trust
Account and distribute the Property in the Trust Account, including interest earned on the funds held in the Trust Account (which interest
shall be net of taxes payable and, in the case of Exhibit B, less up to $100,000 of interest to pay liquidation and dissolution
expenses), only as directed in the Termination Letter and the other documents referred to therein, (y) upon the date which is the later
of (1) 24 months after the closing of the Offering (or such earlier date as the Company’s board of directors may approve); and (2)
such later date as may be approved by the Company’s shareholders in accordance with the Company’s amended and restated memorandum
and articles of association, as may be amended from time to time (the “Memorandum and Articles”) (such period,
the “Completion Window”), or (z) upon the end of a 30-day cure period after the date any additional amount of
funds were required to be deposited in the Trust Account as a condition of any extension of such date approved by the Company’s
shareholders but were not deposited, if a Termination Letter has not been received by the Trustee prior to such date, in which case the
Trust Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit B and
the Property in the Trust Account, including interest earned on the funds held in the Trust Account (which interest shall be net of taxes
payable and up to $100,000 of interest to pay dissolution expenses), shall be distributed to the Public Shareholders of record as of such
date;
(j) Upon
written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit
C (a “Tax Payment Withdrawal Instruction”), withdraw from the Trust Account and distribute to the Company
the amount of interest earned on the Property requested by the Company to cover any tax obligation owed by the Company, which amount shall
be delivered directly to the Company by electronic funds transfer or other method of prompt payment, and the Company shall forward such
payment to the relevant taxing authority, so long as there is no reduction in the aggregate principal amount initially deposited in the
Trust Account plus any additional amounts, calculated on a per share basis, required to be deposited for an extension of the last date
to complete a business combination as a condition of any extension of such date approved by the Company’s shareholders; provided,
however, that to the extent there is not sufficient cash in the Trust Account to pay such tax obligation, the Trustee shall liquidate
such assets held in the Trust Account as shall be designated by the Company in writing to make such distribution (it being acknowledged
and agreed that any such amount in excess of interest income earned on the Property shall not be payable from the Trust Account). The
written request of the Company referenced above shall constitute presumptive evidence that the Company is entitled to said funds, and
the Trustee shall have no responsibility to look beyond said request;
2
(k) Upon
written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit
D (a “Shareholder Redemption Withdrawal Instruction”), the Trustee shall distribute on behalf of the Company
the amount requested by the Company to be used to redeem Ordinary Shares from Public Shareholders properly submitted in connection with
a shareholder vote to approve an amendment to the Memorandum and Articles not for the purposes of approving, or in conjunction with the
consummation of, a Business Combination (as defined below) (A) to modify the substance or timing of the Company’s obligation to
allow redemption in connection with a Business Combination or to redeem one hundred per cent (100%) of the Public Shares if the Company
has not consummated a Business Combination within the Completion Window or (B) with respect to any other material provisions relating
to the rights of holders of Ordinary Shares or pre-initial Business Combination activity. The written request of the Company referenced
above shall constitute presumptive evidence that the Company is entitled to distribute said funds, and the Trustee shall have no responsibility
to look beyond said request; and
(l) Not
make any withdrawals or distributions from the Trust Account other than pursuant to Sections 1(i), 1(j), or 1(k) above.
2. Agreements
and Covenants of the Company. The Company hereby agrees and covenants to:
(a) Give
all instructions to the Trustee hereunder in writing, signed by the Company’s Chairperson of the Board, President, Chief Executive
Officer, Chief Financial Officer, Secretary or other authorized officer of the Company. In addition, except with respect to its duties
under Sections 1(i), 1(j) and 1(k) hereof, the Trustee shall be entitled to rely on, and shall be protected in relying on,
any verbal or telephonic advice or instruction which it, in good faith and with reasonable care, believes to be given by any one of the
persons authorized above to give written instructions, provided that the Company shall promptly confirm such instructions in writing;
(b) Subject
to Section 4 hereof, hold the Trustee harmless and indemnify the Trustee from and against any and all expenses, including reasonable
counsel fees and disbursements, or losses suffered by the Trustee in connection with any action taken by it hereunder and in connection
with any action, suit or other proceeding brought against the Trustee involving any claim, or in connection with any claim or demand,
which in any way arises out of or relates to this Agreement, the services of the Trustee hereunder, or the Property or any interest earned
on the Property, except for expenses and losses resulting from the Trustee’s gross negligence, fraud or willful misconduct. Promptly
after the receipt by the Trustee of notice of demand or claim or the commencement of any action, suit or proceeding, pursuant to which
the Trustee intends to seek indemnification under this Section 2(b), it shall notify the Company in writing of such claim (hereinafter
referred to as the “Indemnified Claim”). The Trustee shall have the right to conduct and manage the defense
against such Indemnified Claim; provided that the Trustee shall obtain the consent of the Company with respect to the selection
of counsel, which consent shall not be unreasonably withheld. The Trustee may not agree to settle any Indemnified Claim without the prior
written consent of the Company, which such consent shall not be unreasonably withheld, conditioned, or delayed; provided, further that
the Company may conduct and manage the defense against any Indemnified Claim if the Trustee does not promptly take reasonable steps to
mount such a defense. The Company may participate in such action with its own counsel;
(c) Pay
the Trustee the fees set forth on Schedule A hereto, including an initial acceptance fee, annual administration fee and transaction
processing fee which fees shall be subject to modification by the parties from time to time. It is expressly understood that the Property
shall not be used to pay such fees unless and until it is distributed to the Company pursuant to Sections 1(i) through 1(k)
hereof. The Company shall pay the Trustee the initial acceptance fee and the first annual administration fee at the consummation of the
Offering. The Company shall not be responsible for any other fees or charges of the Trustee except as set forth in this Section 2(c),
Schedule A and as may be provided in Section 2(b) hereof;
(d) In
connection with any vote of the Company’s shareholders regarding a merger, amalgamation, share exchange, asset acquisition, share
purchase, reorganization or similar business combination involving the Company and one or more businesses or entities (the “Business
Combination”), provide to the Trustee an affidavit or certificate of the inspector of elections for the general meeting
verifying the vote of such shareholders regarding such Business Combination;
3
(e) Provide
the Representative with a copy of any Termination Letter(s) and/or any other correspondence that is sent to the Trustee with respect to
any proposed withdrawal from the Trust Account promptly after it issues the same;
(f) Unless
otherwise agreed between the Company and the Representative, ensure that any Instruction Letter (as defined in Exhibit A) delivered
in connection with a Termination Letter in the form of Exhibit A expressly provides that the Deferred Discount is paid directly
to the account or accounts directed by the Representative on behalf of the Underwriters prior to any transfer of funds held in the Trust
Account to the Company or any other person;
(g) Instruct
the Trustee to make only those distributions that are permitted under this Agreement, and refrain from instructing the Trustee to make
any distributions that are not permitted under this Agreement; and
(h) Within
four (4) business days after the Underwriters exercise the over-allotment option (or any unexercised portion thereof) or such over-allotment
option expires, provide the Trustee with a notice in writing of the total amount of the Deferred Discount, which shall in no event be
less than $8,000,000.
3. Limitations
of Liability. The Trustee shall have no responsibility or liability to:
(a) Imply
obligations, perform duties, inquire or otherwise be subject to the provisions of any agreement or document other than this Agreement
and that which is expressly set forth herein;
(b) Take
any action with respect to the Property, other than as directed in Section 1 hereof, and the Trustee shall have no liability to
any third party except for liability arising out of the Trustee’s gross negligence, fraud or willful misconduct;
(c) Institute
any proceeding for the collection of any principal and income arising from, or institute, appear in or defend any proceeding of any kind
with respect to, any of the Property unless and until it shall have received instructions from the Company given as provided herein to
do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any expenses incident thereto;
(d) Refund
any depreciation in principal of any Property;
(e) Assume
that the authority of any person designated by the Company to give instructions hereunder shall not be continuing unless provided otherwise
in such designation, or unless the Company shall have delivered a written revocation of such authority to the Trustee;
(f) The
other parties hereto or to anyone else for any action taken or omitted by it, or any action suffered by it to be taken or omitted, in
good faith and in the Trustee’s best judgment, except for the Trustee’s gross negligence, fraud or willful misconduct. The
Trustee may rely conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion or advice of counsel
(including counsel chosen by the Trustee, which counsel may be the Company’s counsel), statement, instrument, report or other paper
or document (not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability
of any information therein contained) which the Trustee believes, in good faith and with reasonable care, to be genuine and to be signed
or presented by the proper person or persons. The Trustee shall not be bound by any notice or demand, or any waiver, modification, termination
or rescission of this Agreement or any of the terms hereof, unless evidenced by a written instrument delivered to the Trustee, signed
by the proper party or parties and, if the duties or rights of the Trustee are affected, unless it shall give its prior written consent
thereto;
(g) Verify
the accuracy of the information contained in the Registration Statement;
(h) Provide
any assurance that any Business Combination entered into by the Company or any other action taken by the Company is as contemplated by
the Registration Statement;
4
(i) File
information returns with respect to the Trust Account with any local, state or federal taxing authority or provide periodic written statements
to the Company documenting the taxes payable by the Company, if any, relating to any interest income earned on the Property;
(j) Prepare,
execute and file tax reports, income or other tax returns and pay any taxes with respect to any income generated by, and activities relating
to, the Trust Account, regardless of whether such tax is payable by the Trust Account or the Company, including, but not limited to, tax
obligations, except pursuant to Section 1(j) hereof; or
(k) Verify
calculations, qualify or otherwise approve the Company’s written requests for distributions pursuant to Sections 1(i), 1(j)
and 1(k) hereof.
4. Trust
Account Waiver. The Trustee has 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, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it
may have now or in the future. In the event the Trustee has any Claim against the Company under this Agreement, including, without limitation,
under Section 2(b) or Section 2(c) hereof, the Trustee shall pursue such Claim solely against the Company and its assets
outside the Trust Account and not against the Property or any monies in the Trust Account.
5. Termination.
This Agreement shall terminate as follows:
(a) If
the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use its reasonable efforts
to locate a successor trustee, pending which the Trustee shall continue to act in accordance with this Agreement. At such time that the
Company notifies the Trustee that a successor trustee has been appointed and has agreed to become subject to the terms of this Agreement,
the Trustee shall transfer the management of the Trust Account to the successor trustee, including but not limited to the transfer of
copies of the reports and statements relating to the Trust Account, whereupon this Agreement shall terminate; provided, however,
that in the event that the Company does not locate a successor trustee within ninety (90) days of receipt of the resignation notice from
the Trustee, the Trustee may submit an application to have the Property deposited with any court in the State of New York or with the
United States District Court for the Southern District of New York and upon such deposit, the Trustee shall be immune from any liability
whatsoever;
(b) At
such time that the Trustee has completed the liquidation of the Trust Account and its obligations in accordance with the provisions of
Section 1(i) hereof and distributed the Property in accordance with the provisions of the Termination Letter, this Agreement shall
terminate except with respect to Section 2(b); or
(c) If
the Offering is not consummated within ten (10) business days of the date of this Agreement, any funds received by the Trustee from the
Company or Sponsor for purposes of funding the Trust Account shall be promptly returned to the Company or Sponsor, as applicable.
6. Miscellaneous.
(a) The
Company and the Trustee each acknowledge that the Trustee will follow the security procedures set forth below with respect to funds transferred
from the Trust Account. The Company and the Trustee will each restrict access to confidential information relating to such security procedures
to authorized persons. Each party must notify the other party immediately if it has reason to believe unauthorized persons may have obtained
access to such confidential information, or of any change in its authorized personnel. In executing funds transfers, the Trustee shall
rely upon all information supplied to it by the Company, including, account names, account numbers and all other identifying information
relating to a Beneficiary, Beneficiary’s bank or intermediary bank. Except for any liability arising out of the Trustee’s
gross negligence, fraud or willful misconduct, the Trustee shall not be liable for any loss, liability or expense resulting from any error
in the information or transmission of the funds.
5
(b) This
Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect
to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. This Agreement may
be executed in several original or facsimile counterparts, each one of which shall constitute an original, and together shall constitute
but one instrument.
(c) This
Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter hereof. Except for
Sections 1(i), 1(j), 1(k), and 1(l) hereof (which sections may not be modified, amended or deleted unless
such modification, amendment or deletion is approved by the affirmative vote of two-thirds of the then outstanding Ordinary Shares and
Class B ordinary shares, par value $0.0001 per share, of the Company, which are represented in person or by proxy and are voted at a general
meeting of the Company, voting together as a single class; provided that no such amendment will affect any Public Shareholder who
has properly elected to redeem his, her or its Ordinary Shares in connection with a shareholder vote to approve an amendment to this Agreement
(A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with a Business Combination
or to redeem one hundred per cent (100%) of the Public Shares if the Company has not consummated a Business Combination within the Completion
Window or (B) with respect to any other material provisions relating to the rights of holders of Ordinary Shares or pre-initial Business
Combination activity) this Agreement or any provision hereof may only be changed, amended or modified (other than to correct a typographical
error) by a writing signed by each of the parties hereto.
(d) The
parties hereto consent to the jurisdiction and venue of any state or federal court located in the City of New York, State of New York,
for purposes of resolving any disputes hereunder. AS TO ANY CLAIM, CROSS-CLAIM OR COUNTERCLAIM IN ANY WAY RELATING TO THIS AGREEMENT,
EACH PARTY WAIVES THE RIGHT TO TRIAL BY JURY.
(e) Any
notice, consent or request to be given in connection with any of the terms or provisions of this Agreement shall be in writing and shall
be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or by facsimile
or email transmission:
if to the Trustee, to:
Continental Stock Transfer & Trust Company
1 State Street, 30th Floor
New York, New York 10004
Attn: Francis Wolf and Celeste Gonzalez
Email: fwolf@continentalstock.com
Email: cgonzalez@continentalstock.com
if to the Company, to:
FutureCorp Space Acquisition 1
8605 Santa Monica Blvd., #54207
Los Angeles, California 90069
Telephone: (213) 524-9594
Attn: Joshua B. Marks
in each case, with copies
to:
DLA Piper LLP (US)
1251 Avenue of the Americas
New York, New York 10020
(212) 335-4500
Attn: Stephen P. Alicanti
6
if to the Representative,
to:
Cantor Fitzgerald & Co.
110 East 59th Street
New York, NY 10022
Attn: General Counsel
in each case, with copies
to:
Ellenoff Grossman & Schole LLP
1345 Avenue of the Americas, 11th Floor
New York, NY 10105
(212) 370-1300
Attn: Douglas S. Ellenoff, Stuart Neuhauser and Steven Mermelstein
(f) Each
of the Company and the Trustee hereby represents that it has the full right and power and has been duly authorized to enter into this
Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges and agrees that it shall not make
any claims or proceed against the Trust Account, including by way of set-off, and shall not be entitled to any funds in the Trust Account
under any circumstance.
(g) This
Agreement is the joint product of the Trustee and the Company and each provision hereof has been subject to the mutual consultation, negotiation
and agreement of such parties and shall not be construed for or against any party hereto.
(h) Each
of the Company and the Trustee hereby acknowledges and agrees that the Representative, on behalf of the Underwriters, is a third-party
beneficiary of this Agreement.
(i) Except
as specified herein, no party to this Agreement may assign its rights or delegate its obligations hereunder to any other person or entity
without the prior written consent of the other.
[Signature Page Follows]
7
IN WITNESS WHEREOF,
the parties have duly executed this Investment Management Trust Agreement as of the date first written above.
Continental Stock Transfer & Trust Company, as Trustee
By:
/s/ Francis Wolf
Name:
Francis Wolf
Title:
Vice President
FutureCorp Space Acquisition 1
By:
/s/ Joshua B. Marks
Name:
Joshua B. Marks
Title:
Chief Executive Officer and Chief Financial Officer
[Signature Page to Investment Management Trust
Agreement]
SCHEDULE A
Fee Item
Time and method of payment
Amount
Initial set-up fee
Initial closing of Offering by wire transfer.
$
2,000
Trustee administration fee
Payable annually. First year fee payable at initial closing of Offering by wire transfer; thereafter, payable by wire transfer or check.
$
7,500
Transaction processing fee for disbursements to Company under Sections 1(i), 1(j) and 1(k)
Billed to Company following disbursement made to Company under Section 1.
$
150
Paying Agent services as required pursuant to Sections 1(i) and 1(k)
Billed to Company upon delivery of service pursuant to Sections 1(i) and 1(k).
Prevailing rates
Exhibit A
[Letterhead of Company]
[Insert date]
Continental Stock Transfer & Trust Company
1 State Street, 30th Floor
New York, New York 10004
Attn: Francis Wolf and Celeste Gonzalez
Re: Trust Account—Termination Letter
Dear Mr. Wolf and Ms. Gonzalez:
Pursuant to Section 1(i)
of the Investment Management Trust Agreement between FutureCorp Space Acquisition 1 (the “Company”) and Continental
Stock Transfer & Trust Company (the “Trustee”), dated as of June 4, 2026 (the “Trust Agreement”),
this is to advise you that the Company has entered into an agreement with [●] (the “Target Business”)
to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date].
The Company shall notify you at least seventy-two (72) hours in advance of the actual date of the consummation of the Business Combination
(the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in
the Trust Agreement.
In accordance with the terms
of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account and to transfer the proceeds
into the trust operating account in the United States at J.P. Morgan Chase Bank, N.A. to the effect that, on the Consummation Date, all
of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct
on the Consummation Date (including as directed to it by the Representative on behalf of the Underwriters with respect to the Deferred
Discount). It is acknowledged and agreed that while the funds are on deposit in the trust operating account at J.P. Morgan Chase Bank,
N.A. awaiting distribution, the Company will not earn any interest or dividends.
On the Consummation Date (i)
counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated
concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”), (ii)
the Company shall deliver to you (a) a certificate of the Chief Executive Officer or Chief Financial Officer of the Company, which verifies
that the Business Combination has been approved by a vote of the Company’s shareholders, if a vote is held and (b) a joint written
instruction signed by the Company and the Representative with respect to the transfer of the funds held in the Trust Account, including
payment of amounts owed to Public Shareholders who have properly exercised their redemption rights and payment of the Deferred Discount
directly to the account or accounts directed by the Representative from the Trust Account (the “Instruction Letter”).
You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the Notification
and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust
Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company
shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company.
Upon the distribution of all the funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the
Trust Account, your obligations under the Trust Agreement shall be terminated.
In the event that the Business
Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the
original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the
funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately
following the Consummation Date as set forth in such written instructions as soon thereafter as possible.
Very truly yours,
FutureCorp Space Acquisition 1
By:
Name:
Title:
Agreed and acknowledged by:
Cantor Fitzgerald & Co.
By:
Name:
Title:
Exhibit B
[Letterhead of Company]
[Insert date]
Continental Stock Transfer & Trust Company
1 State Street, 30th Floor
New York, New York 10004
Attn: Francis Wolf and Celeste Gonzalez
Re:
Trust Account—Termination Letter
Dear Mr. Wolf and Ms. Gonzalez:
Pursuant to Section 1(i)
of the Investment Management Trust Agreement between FutureCorp Space Acquisition 1 (the “Company”) and Continental
Stock Transfer & Trust Company (the “Trustee”), dated as of June 4, 2026 (the “Trust Agreement”),
this is to advise you that [the Company has been unable to effect a business combination with a Target Business within the time frame
specified in the Company’s amended and restated memorandum and articles of association, as may be amended from time to time (the
“Memorandum and Articles”)] OR [the Company’s board of directors has determined to terminate the period
in which the Company must consummate a Business Combination on ____, 20___ pursuant to the Company’s amended and restated memorandum
and articles of association, as may be amended from time to time (the “Memorandum and Articles”)] as described
in the Company’s Prospectus relating to the Offering. Capitalized terms used but not defined herein shall have the meanings set
forth in the Trust Agreement.
In accordance with the terms
of the Trust Agreement, we hereby authorize you to liquidate all of the assets in the Trust Account and to transfer the total proceeds
into the trust operating account in the United States at JPMorgan Chase Bank, N.A. to await distribution to the Public Shareholders, less
taxes payable and up to $100,000 to cover dissolution expenses of the Company. In accordance with the terms of the Trust Agreement, you
are hereby directed and authorized to transfer (via wire transfer) such amount for dissolution expense of $100,000 promptly upon your
receipt of this letter to the Company’s operating account at:
[WIRE INSTRUCTION INFORMATION]
The Company has selected [●],
20[●]1 as the effective date for the purpose of determining when the Public Shareholders
will be entitled to receive their share of the liquidation proceeds. You agree to be the Paying Agent of record and, in your separate
capacity as Paying Agent, agree to distribute said funds directly to the Company’s Public Shareholders in accordance with the terms
of the Trust Agreement and the Amended and Restated Memorandum and Articles of Association. Upon the distribution of all the funds, net
of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust
Agreement shall be terminated, except to the extent otherwise provided in Section 1(j) of the Trust Agreement.
Very truly yours,
FutureCorp Space Acquisition 1
By:
Name:
Title:
cc:
Cantor Fitzgerald & Co.
1 24 months after the closing date of the Offering, such earlier
date as the Company’s board of directors may approve, or such later date as the Company’s shareholders may approve.
Exhibit C
[Letterhead of Company]
[Insert date]
Continental Stock Transfer & Trust Company
1 State Street, 30th Floor
New York, New York 10004
Attn: Francis Wolf and Celeste Gonzalez
Re: Trust Account —Tax Payment Withdrawal Instruction
Dear Mr. Wolf and Ms. Gonzalez:
Pursuant to Section 1(j)
of the Investment Management Trust Agreement between FutureCorp Space Acquisition 1 (the “Company”) and Continental
Stock Transfer & Trust Company (the “Trustee”), dated as of June 4, 2026 (the “Trust Agreement”),
the Company hereby requests that you deliver to the Company $[●] of the interest income earned on the Property as of the date hereof.
Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.
The Company needs such funds
to pay for the tax obligations as set forth on the attached tax return or tax statement. In accordance with the terms of the Trust Agreement,
you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the Company’s
operating account at:
[WIRE INSTRUCTION INFORMATION]
Very truly yours,
FutureCorp Space Acquisition 1
By:
Name:
Title:
cc:
Cantor Fitzgerald & Co.
Exhibit D
[Letterhead of Company]
[Insert date]
Continental Stock Transfer & Trust Company
1 State Street, 30th Floor
New York, New York 10004
Attn: Francis Wolf and Celeste Gonzalez
Re: Trust Account—Shareholder Redemption Withdrawal Instruction
Dear Mr. Wolf and Ms. Gonzalez:
Pursuant to Section 1(k)
of the Investment Management Trust Agreement between FutureCorp Space Acquisition 1 (the “Company”) and Continental
Stock Transfer & Trust Company (the “Trustee”), dated as of June 4, 2026 (the “Trust Agreement”),
the Company hereby requests that you deliver to the redeeming Public Shareholders of the Company $[●] of the principal and interest
income earned on the Property as of the date hereof to a segregated account held by you on behalf of the Beneficiaries for distribution
to the Public Shareholders who have requested redemption of their Ordinary Shares. Capitalized terms used but not defined herein shall
have the meanings set forth in the Trust Agreement.
The Company needs such funds
to pay its Public Shareholders who have properly elected to have their Ordinary Shares redeemed by the Company in connection with a shareholder
vote to approve an amendment to the Company’s amended and restated memorandum and articles of association, as may be amended from
time to time (the “Memorandum and Articles”) not for the purposes of approving, or in conjunction with the consummation
of, a Business Combination (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with
a Business Combination or to redeem one hundred per cent (100%) of the Public Shares if the Company has not consummated a Business Combination
within the Completion Window or (B) with respect to any other material provisions relating to the rights of holders of Ordinary Shares
or pre-initial Business Combination activity. As such, you are hereby directed and authorized to transfer (via wire transfer) such funds
promptly upon your receipt of this letter to the redeeming Public Shareholders in accordance with your customary procedures.
Very truly yours,
FutureCorp Space Acquisition 1
By:
Name:
Title:
cc:
Cantor Fitzgerald & Co.
EX-10.2 — REGISTRATION RIGHTS AGREEMENT, DATED JUNE 4, 2026, BY AND AMONG THE COMPANY AND CERTAIN SECURITY HOLDERS
EX-10.2
Filename: ea029400701ex10-2.htm · Sequence: 5
Exhibit
10.2
REGISTRATION
RIGHTS AGREEMENT
THIS
REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of June 4, 2026, is made and entered into by and
among FutureCorp Space Acquisition 1, a Cayman Islands exempted company (the “Company”), FutureCorp Space Acquisition
1 LLC, a Delaware limited liability company (the “Sponsor”), and Cantor Fitzgerald & Co., a New York general
partnership (“Cantor” or the “Representative”) (the Sponsor and the Representative
together with any person or entity who hereafter becomes a party to this Agreement pursuant to Section 5.2 of this Agreement,
a “Holder” and collectively the “Holders”).
RECITALS
WHEREAS,
the Company has 5,750,000 Class B ordinary shares, par value $0.0001 per share (the “Founder Shares”), issued
and outstanding, up to 750,000 of which will be surrendered to the Company for no consideration depending on the extent to which the
underwriters of the Company’s initial public offering exercise their over-allotment option;
WHEREAS,
the Founder Shares are convertible into Class A ordinary shares of the Company, par value $0.0001 per share (the “Ordinary
Shares”), on the terms and conditions provided in the Company’s amended and restated memorandum and articles of association;
WHEREAS,
on the date hereof, the Company and the Sponsor entered into that certain Sponsor Private Placement Warrants Purchase Agreement (the
“Sponsor Private Placement Warrants Purchase Agreement”), pursuant to which the Sponsor agreed to purchase
an aggregate of 4,000,000 private placement warrants (whether or not the over-allotment option in connection with the Company’s
initial public offering is exercised in full) (the “Sponsor Private Placement Warrants”) in a private placement
transaction occurring simultaneously with the closing of the Company’s initial public offering;
WHEREAS,
on the date hereof, the Company and the Representative entered into that certain Representative Private Placement Warrants Purchase Agreement
(the “Representative Private Placement Warrants Purchase Agreement” and together with the Sponsor Private Placement
Warrants Purchase Agreement, the “Private Placement Warrants Purchase Agreements”), pursuant to which Cantor
or its designees agreed to purchase an aggregate of 2,000,000 private placement warrants (including if the underwriters’ over-allotment
option is exercised in full) (the “Representative Private Placement Warrants” and together with the Sponsor
Private Placement Warrants, the “Private Placement Warrants”) in a private placement transaction occurring
simultaneously with the closing of the Company’s initial public offering;
WHEREAS,
in order to finance the Company’s transaction costs in connection with its search for and consummation of an initial Business Combination
(as defined below), the Sponsor, its affiliates or any of the Company’s officers and directors may loan to the Company funds as
the Company may require, of which up to $1,500,000 of such loans may be convertible into private placement-equivalent warrants (“Working
Capital Warrants”) at a price of $1.00 per warrant at the option of the lender; and
WHEREAS,
the Company and the Holders desire to enter into this Agreement, pursuant to which the Company shall grant the Holders certain registration
rights with respect to certain securities of the Company, as set forth in this Agreement.
NOW,
THEREFORE, in consideration of the representations, covenants and agreements contained herein, and certain other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby
agree as follows:
Article
1
DEFINITIONS
1.1 Definitions.
The terms defined in this ARTICLE 1 shall, for all purposes of this Agreement, have the respective meanings set forth below:
“Adverse
Disclosure” shall mean any public disclosure of material non-public information, which disclosure, in the good faith judgment
of the principal executive officer or principal financial officer of the Company, after consultation with counsel to the Company, (i)
would be required to be made in any Registration Statement or Prospectus in order for the applicable Registration Statement or Prospectus
not to contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein
(in the case of any prospectus and any preliminary prospectus, in the light of the circumstances under which they were made) not misleading,
(ii) would not be required to be made at such time if the Registration Statement were not being filed, and (iii) the Company has a bona
fide business purpose for not making such information public.
“Agreement”
shall have the meaning given in the Preamble.
“Board”
shall mean the Board of Directors of the Company.
“Business
Combination” shall mean any merger, share exchange, asset acquisition, share purchase, reorganization or other similar
business combination involving the Company and one or more businesses or entities.
“Commission”
shall mean the United States Securities and Exchange Commission.
“Company”
shall have the meaning given in the Preamble.
“Demand
Registration” shall have the meaning given in subsection 2.1.1.
“Demanding
Holder” shall have the meaning given in subsection 2.1.1.
“Exchange
Act” shall mean the Securities Exchange Act of 1934, as it may be amended from time to time.
“Form
S-1” shall have the meaning given in subsection 2.1.1.
“Form
S-3” shall have the meaning given in subsection 2.3.
“Founder
Shares” shall have the meaning given in the Recitals hereto and shall be deemed to include the Ordinary Shares issuable
upon conversion thereof.
“Founder
Shares Lock-up Period” shall mean, with respect to the Founder Shares and any Ordinary Shares issuable upon conversion
thereof, the period ending on the earlier of (i) one year after the completion of the Company’s initial Business Combination or
earlier if, subsequent to the completion of the Business Combination, the closing price of the Class A Ordinary Shares equals or exceeds
$12.00 per share (as adjusted for share sub-divisions, share consolidations, share capitalizations, reorganizations, recapitalizations
and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial
Business Combination and (ii) subsequent to the initial Business Combination, the date on which the Company completes a subsequent liquidation,
merger, share exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the
right to exchange their Class A Ordinary Shares for cash, securities or other property.
“Holders”
shall have the meaning given in the Preamble.
“Insider
Letter” shall mean that certain letter agreement, dated as of the date hereof, by and among the Company, the Sponsor and
each of the Company’s officers and directors.
“Maximum
Number of Securities” shall have the meaning given in subsection 2.1.4.
2
“Misstatement”
shall mean an untrue statement of a material fact or an omission to state a material fact required to be stated in a Registration Statement
or Prospectus, or necessary to make the statements in a Registration Statement or Prospectus (in the light of the circumstances under
which they were made) not misleading.
“Ordinary
Shares” shall have the meaning given in the Recitals hereto.
“Permitted
Transferees” shall mean any person or entity to whom a Holder of Registrable Securities is permitted to transfer such Registrable
Securities prior to the expiration of the Founder Shares Lock-up Period, Private Placement Lock-up Period or any other lock-up period,
as the case may be, under the Insider Letter, the Private Placement Warrants Purchase Agreements, this Agreement and any other applicable
agreement between such Holder and the Company, and to any transferee thereafter.
“Piggyback
Registration” shall have the meaning given in subsection 2.2.1.
“Private
Placement Lock-up Period” shall mean, with respect to Private Placement Warrants, that are held by the initial purchasers
of such Private Placement Warrants or their Permitted Transferees, and the Ordinary Shares issued or issuable upon the exercise or conversion
of the Private Placement Warrants, that are held by the initial purchasers of the Private Placement Warrants or their Permitted Transferees,
the period ending 30 days after the completion of the Company’s initial Business Combination.
“Private
Placement Warrants” shall have the meaning given in the Recitals hereto.
“Pro
Rata” shall have the meaning given in subsection 2.1.4.
“Prospectus”
shall mean the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as amended
by any and all post-effective amendments and including all material incorporated by reference in such prospectus.
“Registrable
Security” shall mean (a) the Founder Shares (including any Ordinary Shares or other equivalent equity security issued or
issuable upon the conversion of any of the Founder Shares or exercisable for Ordinary Shares), (b) the Private Placement Warrants (including
any Ordinary Shares issued or issuable upon the exercise of the Private Placement Warrants), (c) any outstanding Ordinary Shares or any
other equity security (including the Ordinary Shares issued or issuable upon the exercise of any other equity security) of the Company
held by a Holder as of the date of this Agreement or acquired by a Holder prior to the consummation of the Business Combination, (d)
any equity securities (including the Ordinary Shares issued or issuable upon the exercise of any such equity security) of the Company
issuable upon conversion of any working capital loans in an amount up to $1,500,000 made to the Company by a Holder (including the Working
Capital Warrants and any Ordinary Shares issued or issuable upon the exercise of the Working Capital Warrants), (e) any equity securities
(including the Ordinary Shares issued or issuable upon the exercise of any such equity security) of the Company held by a Holder on or
after the date of the Business Combination to the extent that such securities are “restricted securities” (as defined in
Rule 144) or are otherwise held by an “affiliate” (as defined in Rule 144) of the Company and (f) any other equity security
of the Company issued or issuable with respect to any such Ordinary Share by way of a share capitalization or share sub-division or in
connection with a combination of shares, recapitalization, merger, consolidation or reorganization; provided, however, that, as to any
particular Registrable Security, such securities shall cease to be Registrable Securities when: (A) a Registration Statement with respect
to the sale of such securities shall have become effective under the Securities Act and such securities shall have been sold, transferred,
disposed of or exchanged in accordance with such Registration Statement; (B) such securities shall have been otherwise transferred, new
certificates for such securities not bearing a legend restricting further transfer shall have been delivered by the Company and subsequent
public distribution of such securities shall not require registration under the Securities Act; (C) such securities shall have ceased
to be outstanding; (D) such securities may be sold without registration pursuant to Rule 144 promulgated under the Securities Act (or
any successor rule promulgated thereafter by the Commission) (but with no volume or other restrictions or limitations including as to
manner or timing of sale or current public information requirements); or (E) such securities have been sold to, or through, a broker,
dealer or underwriter in a public distribution or other public securities transaction.
3
“Registration”
shall mean a registration effected by preparing and filing a registration statement or similar document in compliance with the requirements
of the Securities Act, and the applicable rules and regulations promulgated thereunder, and such registration statement becoming effective.
“Registration
Expenses” shall mean the out-of-pocket expenses of a Registration, including, without limitation, the following:
(A) all
registration and filing fees (including fees with respect to filings required to be made with the Financial Industry Regulatory Authority,
Inc. and any securities exchange on which the Ordinary Shares are then listed);
(B) fees
and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements of counsel for the Underwriters
in connection with blue sky qualifications of Registrable Securities);
(C) printing,
messenger, telephone and delivery expenses;
(D) reasonable
fees and disbursements of counsel for the Company;
(E) reasonable
fees and disbursements of all independent registered public accountants of the Company incurred specifically in connection with such
Registration; and
(F) reasonable
fees and expenses of one (1) legal counsel selected by the majority-in-interest of the Demanding Holders initiating a Demand Registration
to be registered for offer and sale in the applicable Registration.
“Registration
Statement” shall mean any registration statement that covers the Registrable Securities pursuant to the provisions of this
Agreement, including the Prospectus included in such registration statement, amendments (including post-effective amendments) and supplements
to such registration statement, and all exhibits to and all material incorporated by reference in such registration statement.
“Representative”
shall have the meaning given in the Recitals hereto.
“Representative
Private Placement Warrants” shall have the meaning given in the Recitals hereto.
“Representative
Private Placement Warrants Purchase Agreement” shall have the meaning given in the Recitals hereto.
“Requesting
Holder” shall have the meaning given in subsection 2.1.1.
“Securities
Act” shall mean the Securities Act of 1933, as amended from time to time.
“Shelf”
shall have the meaning given in subsection 2.3.1.
“Sponsor”
shall have the meaning given in the Recitals hereto.
“Sponsor
Private Placement Warrants” shall have the meaning given in the Recitals hereto.
“Sponsor
Private Placement Warrants Purchase Agreement” shall have the meaning given in the Recitals hereto.
“Subsequent
Shelf Registration” shall have the meaning given in subsection 2.3.2.
“Takedown
Requesting Holder” shall have the meaning given in subsection 2.3.3.
4
“Underwriter”
shall mean a securities dealer who purchases any Registrable Securities as principal in an Underwritten Offering and not as part of such
dealer’s market-making activities.
“Underwritten
Registration” or “Underwritten Offering” shall mean a Registration in which securities of the
Company are sold to an Underwriter in a firm commitment underwriting for distribution to the public.
“Working
Capital Warrants” shall have the meaning given in the Recitals hereto.
Article
2
REGISTRATIONS
2.1 Demand
Registration.
2.1.1 Request
for Registration. Subject to the provisions of subsection 2.1.4 and Section 2.4 hereof, at any time and from time to
time on or after the date the Company consummates the Business Combination, (i) the Holders of at least a majority of the then-outstanding
number of Registrable Securities or (ii) the Representative or its designees or Permitted Transferees (the “Demanding Holders”)
may make a written demand for Registration of all or part of their Registrable Securities, which written demand shall describe the amount
and type of securities to be included in such Registration and the intended method(s) of distribution thereof (such written demand a
“Demand Registration”). The Company shall, within ten (10) days of the Company’s receipt of the Demand
Registration, notify, in writing, all other Holders of Registrable Securities of such demand, and each Holder of Registrable Securities
who thereafter wishes to include all or a portion of such Holder’s Registrable Securities in a Registration pursuant to a Demand
Registration (each such Holder that includes all or a portion of such Holder’s Registrable Securities in such Registration, a “Requesting
Holder”) shall so notify the Company, in writing, within five (5) days after the receipt by the Holder of the notice from
the Company. Upon receipt by the Company of any such written notification from a Requesting Holder(s) to the Company, such Requesting
Holder(s) shall be entitled to have their Registrable Securities included in a Registration pursuant to a Demand Registration and the
Company shall effect, as soon thereafter as practicable, but not more than forty five (45) days immediately after the Company’s
receipt of the Demand Registration, the Registration of all Registrable Securities requested by the Demanding Holders and Requesting
Holders pursuant to such Demand Registration. Under no circumstances shall the Company be obligated to effect more than an aggregate
of three (3) Registrations pursuant to a Demand Registration under this subsection 2.1.1 with respect to any or all Registrable
Securities, including one (1) Demand Registration on behalf of the Representative or its designees or Permitted Transferees; provided,
however, that a Registration shall not be counted for such purposes unless a Form S-1 or any similar long-form registration statement
that may be available at such time (“Form S-1”) has become effective and all of the Registrable Securities
requested by the Requesting Holders to be registered on behalf of the Requesting Holders in such Form S-1 Registration have been sold,
in accordance with Section 3.1 of this Agreement; provided, further, that an Underwritten Shelf Takedown shall not count as a
Demand Registration.
2.1.2 Effective
Registration. Notwithstanding the provisions of subsection 2.1.1 above or any other part of this Agreement, a Registration
pursuant to a Demand Registration shall not count as a Registration unless and until (i) the Registration Statement filed with the Commission
with respect to a Registration pursuant to a Demand Registration has been declared effective by the Commission and (ii) the Company has
complied with all of its obligations under this Agreement with respect thereto; provided, further, that if, after such Registration Statement
has been declared effective, an offering of Registrable Securities in a Registration pursuant to a Demand Registration is subsequently
interfered with by any stop order or injunction of the Commission, federal or state court or any other governmental agency the Registration
Statement with respect to such Registration shall be deemed not to have been declared effective, unless and until, (i) such stop order
or injunction is removed, rescinded or otherwise terminated, and (ii) a majority-in-interest of the Demanding Holders initiating such
Demand Registration thereafter affirmatively elect to continue with such Registration and accordingly notify the Company in writing,
but in no event later than five (5) days, of such election; and provided, further, that the Company shall not be obligated or required
to file another Registration Statement until the Registration Statement that has been previously filed with respect to a Registration
pursuant to a Demand Registration becomes effective or is subsequently terminated. Notwithstanding the foregoing, the Representative
may not exercise its demand registration rights after five (5) years from the commencement of sales in the Company’s initial public
offering, and may not exercise its demand rights on more than one occasion.
5
2.1.3 Underwritten
Offering. Subject to the provisions of subsection 2.1.4 and Section 2.4 hereof, if a majority-in-interest of the Demanding
Holders so advise the Company as part of their Demand Registration that the offering of the Registrable Securities pursuant to such Demand
Registration shall be in the form of an Underwritten Offering, then the right of such Demanding Holder or Requesting Holder (if any)
to include its Registrable Securities in such Registration shall be conditioned upon such Holder’s participation in such Underwritten
Offering and the inclusion of such Holder’s Registrable Securities in such Underwritten Offering to the extent provided herein.
All such Holders proposing to distribute their Registrable Securities through an Underwritten Offering under this subsection 2.1.3
shall enter into an underwriting agreement in customary form with the Underwriter(s) selected for such Underwritten Offering by the
majority-in-interest of the Demanding Holders initiating the Demand Registration.
2.1.4 Reduction
of Underwritten Offering. If the managing Underwriter or Underwriters in an Underwritten Registration pursuant to a Demand Registration,
in good faith, advises the Company, the Demanding Holders and the Requesting Holders (if any) in writing that the dollar amount or number
of Registrable Securities that the Demanding Holders and the Requesting Holders (if any) desire to sell, taken together with all other
Ordinary Shares or other equity securities that the Company desires to sell and the Ordinary Shares, if any, as to which a Registration
has been requested pursuant to separate written contractual piggy-back registration rights held by any other shareholders who desire
to sell, exceeds the maximum dollar amount or maximum number of equity securities that can be sold in the Underwritten Offering without
adversely affecting the proposed offering price, the timing, the distribution method, or the probability of success of such offering
(such maximum dollar amount or maximum number of such securities, as applicable, the “Maximum Number of Securities”),
then the Company shall include in such Underwritten Offering, as follows: (i) first, the Registrable Securities of the Demanding Holders
and the Requesting Holders (if any) (pro rata based on the respective number of Registrable Securities that each Demanding Holder and
Requesting Holder (if any) has requested be included in such Underwritten Registration and the aggregate number of Registrable Securities
that the Demanding Holders and Requesting Holders have requested be included in such Underwritten Registration (such proportion is referred
to herein as “Pro Rata”)) that can be sold without exceeding the Maximum Number of Securities; (ii) second,
to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (i), the Registrable Securities of
Holders (Pro Rata, based on the respective number of Registrable Securities that each Holder has so requested) exercising their rights
to register their Registrable Securities pursuant to subsection 2.2.1 hereof, without exceeding the Maximum Number of Securities;
and (iii) third, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (i) and (ii), the
Ordinary Shares or other equity securities that the Company desires to sell, which can be sold without exceeding the Maximum Number of
Securities; and (iv) fourth, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (i),
(ii) and (iii), the Ordinary Shares or other equity securities of other persons or entities that the Company is obligated to register
in a Registration pursuant to separate written contractual arrangements with such persons and that can be sold without exceeding the
Maximum Number of Securities.
2.1.5 Demand
Registration Withdrawal. A majority-in-interest of the Demanding Holders initiating a Demand Registration or a majority-in-interest
of the Requesting Holders (if any), pursuant to a Registration under subsection 2.1.1 shall have the right to withdraw from a
Registration pursuant to such Demand Registration for any or no reason whatsoever upon written notification to the Company and the Underwriter
or Underwriters (if any) of their intention to withdraw from such Registration prior to the effectiveness of the Registration Statement
filed with the Commission with respect to the Registration of their Registrable Securities pursuant to such Demand Registration. Notwithstanding
anything to the contrary in this Agreement, the Company shall be responsible for the Registration Expenses incurred in connection with
a Registration pursuant to a Demand Registration prior to its withdrawal under this subsection 2.1.5.
6
2.2 Piggyback
Registration.
2.2.1 Piggyback
Rights. If, at any time on or after the date the Company consummates a Business Combination, the Company proposes to file a Registration
Statement under the Securities Act with respect to an offering of equity securities, or securities or other obligations exercisable or
exchangeable for, or convertible into equity securities, for its own account or for the account of shareholders of the Company (or by
the Company and by the shareholders of the Company including, without limitation, pursuant to Section 2.1 hereof), other than
a Registration Statement (i) filed in connection with any employee share option or other benefit plan, (ii) for an exchange offer or
offering of securities solely to the Company’s existing shareholders, (iii) for an offering of debt that is convertible into equity
securities of the Company or (iv) for a dividend reinvestment plan, then the Company shall give written notice of such proposed filing
to all of the Holders of Registrable Securities as soon as practicable but not less than ten (10) days before the anticipated filing
date of such Registration Statement, which notice shall (A) describe the amount and type of securities to be included in such offering,
the intended method(s) of distribution, and the name of the proposed managing Underwriter or Underwriters, if any, in such offering,
and (B) offer to all of the Holders of Registrable Securities the opportunity to register the sale of such number of Registrable Securities
as such Holders may request in writing within five (5) days after receipt of such written notice (such Registration a “Piggyback
Registration”). The Company shall, in good faith, cause such Registrable Securities to be included in such Piggyback Registration
and shall use its best efforts to cause the managing Underwriter or Underwriters of a proposed Underwritten Offering to permit the Registrable
Securities requested by the Holders pursuant to this subsection 2.2.1 to be included in a Piggyback Registration on the same terms
and conditions as any similar securities of the Company included in such Registration and to permit the sale or other disposition of
such Registrable Securities in accordance with the intended method(s) of distribution thereof. All such Holders proposing to distribute
their Registrable Securities through an Underwritten Offering under this subsection 2.2.1 shall enter into an underwriting agreement
in customary form with the Underwriter(s) selected for such Underwritten Offering by the Company. The notice periods set forth in this
subsection 2.2.1 shall not apply to an Underwritten Shelf Takedown conducted in accordance with subsection 2.3.3. Notwithstanding
the foregoing, the Representative may not exercise its “piggyback” registration rights after seven (7) years from the effective
date of the Company’s initial public offering.
2.2.2 Reduction
of Piggyback Registration. If the managing Underwriter or Underwriters in an Underwritten Registration that is to be a Piggyback
Registration (other than an Underwritten Shelf Takedown), in good faith, advises the Company and the Holders of Registrable Securities
participating in the Piggyback Registration in writing that the dollar amount or number of the Ordinary Shares that the Company desires
to sell, taken together with (i) the Ordinary Shares, if any, as to which Registration has been demanded pursuant to separate written
contractual arrangements with persons or entities other than the Holders of Registrable Securities hereunder (ii) the Registrable Securities
as to which registration has been requested pursuant to Section 2.2 hereof, and (iii) the Ordinary Shares, if any, as to which
Registration has been requested pursuant to separate written contractual piggy-back registration rights of other shareholders of the
Company, exceeds the Maximum Number of Securities, then:
(a) If
the Registration is undertaken for the Company’s account, the Company shall include in any such Registration (A) first, the Ordinary
Shares or other equity securities that the Company desires to sell, which can be sold without exceeding the Maximum Number of Securities;
(B) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (A), the Registrable
Securities of Holders exercising their rights to register their Registrable Securities pursuant to subsection 2.2.1 hereof (Pro
Rata based on the respective number of Registrable Securities that such Holder has requested be included in such Registration), which
can be sold without exceeding the Maximum Number of Securities; and (C) third, to the extent that the Maximum Number of Securities has
not been reached under the foregoing clauses (A) and (B), the Ordinary Shares, if any, as to which Registration has been requested pursuant
to written contractual piggy-back registration rights of other shareholders of the Company, which can be sold without exceeding the Maximum
Number of Securities;
(b) If
the Registration is pursuant to a request by persons or entities other than the Holders of Registrable Securities, then the Company shall
include in any such Registration (A) first, the Ordinary Shares or other equity securities, if any, of such requesting persons or entities,
other than the Holders of Registrable Securities, which can be sold without exceeding the Maximum Number of Securities; (B) second, to
the extent that the Maximum Number of Securities has not been reached under the foregoing clause (A), the Registrable Securities of Holders
exercising their rights to register their Registrable Securities pursuant to subsection 2.2.1, Pro Rata based on the number of
Registrable Securities that each Holder has requested be included in such Registration and the aggregate number of Registrable Securities
that the Holders have requested to be included in such Registration, which can be sold without exceeding the Maximum Number of Securities;
(C) third, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (A) and (B), the Ordinary
Shares or other equity securities that the Company desires to sell, which can be sold without exceeding the Maximum Number of Securities;
and (D) fourth, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (A), (B) and (C),
the Ordinary Shares or other equity securities for the account of other persons or entities that the Company is obligated to register
pursuant to separate written contractual arrangements with such persons or entities, which can be sold without exceeding the Maximum
Number of Securities.
7
2.2.3 Piggyback
Registration Withdrawal. Any Holder of Registrable Securities shall have the right to withdraw from a Piggyback Registration for
any or no reason whatsoever upon written notification to the Company and the Underwriter or Underwriters (if any) of his, her or its
intention to withdraw from such Piggyback Registration prior to the effectiveness of the Registration Statement filed with the Commission
with respect to such Piggyback Registration. The Company (whether on its own good faith determination or as the result of a request for
withdrawal by persons pursuant to separate written contractual obligations) may withdraw a Registration Statement filed with the Commission
in connection with a Piggyback Registration at any time prior to the effectiveness of such Registration Statement. Notwithstanding anything
to the contrary in this Agreement, the Company shall be responsible for the Registration Expenses incurred in connection with the Piggyback
Registration prior to its withdrawal under this subsection 2.2.3.
2.2.4 Unlimited
Piggyback Registration Rights. For purposes of clarity, any Registration effected pursuant to Section 2.2 hereof shall not
be counted as a Registration pursuant to a Demand Registration effected under Section 2.1 hereof.
2.3 Shelf
Registration.
2.3.1 The
Holders of Registrable Securities may at any time, and from time to time, request in writing that the Company, pursuant to Rule 415 under
the Securities Act (or any successor rule promulgated thereafter by the Commission), register the resale of any or all of their Registrable
Securities on Form S-3 or any similar short form registration statement that may be available at such time (“Form S-3”),
or if the Company is ineligible to use Form S-3, on Form S-1; a registration statement filed pursuant to this subsection 2.3.1
(a “Shelf”) shall provide for the resale of the Registrable Securities included therein pursuant to any method
or combination of methods legally available to, and requested by, any Holder. Within five (5) days of the Company’s receipt of
a written request from a Holder or Holders of Registrable Securities for a Registration on a Shelf, the Company shall promptly give written
notice of the proposed Registration to all other Holders of Registrable Securities, and each Holder of Registrable Securities who thereafter
wishes to include all or a portion of such Holder’s Registrable Securities in such Registration shall so notify the Company, in
writing, within ten (10) days after the receipt by the Holder of the notice from the Company. As soon as practicable thereafter, but
not more than twelve (12) days after the Company’s initial receipt of such written request for a Registration on a Shelf, the Company
shall register all or such portion of such Holder’s Registrable Securities as are specified in such written request, together with
all or such portion of Registrable Securities of any other Holder or Holders joining in such request as are specified in the written
notification given by such Holder or Holders; provided, however, that the Company shall not be obligated to effect any such Registration
pursuant to this subsection 2.3.1 if the Holders of Registrable Securities, together with the Holders of any other equity securities
of the Company entitled to inclusion in such Registration, propose to sell the Registrable Securities and such other equity securities
(if any) at any aggregate price to the public of less than $10,000,000. The Company shall maintain each Shelf in accordance with the
terms hereof, and shall prepare and file with the SEC such amendments, including post-effective amendments, and supplements as may be
necessary to keep such Shelf continuously effective, available for use and in compliance with the provisions of the Securities Act until
such time as there are no longer any Registrable Securities included on such Shelf. In the event the Company files a Shelf on Form S-1,
the Company shall use its commercially reasonable efforts to convert the Form S-1 to a Form S-3 as soon as practicable after the Company
is eligible to use Form S-3.
2.3.2 If
any Shelf ceases to be effective under the Securities Act for any reason at any time while Registrable Securities included thereon are
still outstanding, the Company shall use its commercially reasonable efforts to as promptly as is reasonably practicable cause such Shelf
to again become effective under the Securities Act (including obtaining the prompt withdrawal of any order suspending the effectiveness
of such Shelf), and shall use its commercially reasonable efforts to as promptly as is reasonably practicable amend such Shelf in a manner
reasonably expected to result in the withdrawal of any order suspending the effectiveness of such Shelf or file an additional registration
statement (a “Subsequent Shelf Registration”) registering the resale of all Registrable Securities including
on such Shelf, and pursuant to any method or combination of methods legally available to, and requested by, any Holder. If a Subsequent
Shelf Registration is filed, the Company shall use its commercially reasonable efforts to (i) cause such Subsequent Shelf Registration
to become effective under the Securities Act as promptly as is reasonably practicable after the filing thereof and (ii) keep such Subsequent
Shelf Registration continuously effective, available for use and in compliance with the provisions of the Securities Act until such time
as there are no longer any Registrable Securities included thereon. Any such Subsequent Shelf Registration shall be on Form S-3 to the
extent that the Company is eligible to use such form. Otherwise, such Subsequent Shelf Registration shall be on another appropriate form.
In the event that any Holder holds Registrable Securities that are not registered for resale on a delayed or continuous basis, the Company,
upon request of a Holder shall promptly use its commercially reasonable efforts to cause the resale of such Registrable Securities to
be covered by either, at the Company’s option, a Shelf (including by means of a post-effective amendment) or a Subsequent Shelf
Registration and cause the same to become effective as soon as practicable after such filing and such Shelf or Subsequent Shelf Registration
shall be subject to the terms hereof; provided, however, the Company shall only be required to cause such Registrable Securities to be
so covered once annually after inquiry of the Holders.
8
2.3.3 At
any time and from time to time after a Shelf has been declared effective by the Commission, each of the Sponsor and the Representative
may request to sell all or any portion of its Registrable Securities in an underwritten offering that is registered pursuant to the Shelf
(each, an “Underwritten Shelf Takedown”); provided that the Company shall only be obligated to effect an Underwritten
Shelf Takedown if such offering shall include securities with a total offering price (including piggyback securities and before deduction
of underwriting discounts) reasonably expected to exceed, in the aggregate, $10,000,000. All requests for Underwritten Shelf Takedowns
shall be made by giving written notice to the Company at least 48 hours prior to the public announcement of such Underwritten Shelf Takedown,
which shall specify the approximate number of Registrable Securities proposed to be sold in the Underwritten Shelf Takedown and the expected
price range (net of underwriting discounts and commissions) of such Underwritten Shelf Takedown. The Company shall include in any Underwritten
Shelf Takedown the securities requested to be included by any holder (each a “Takedown Requesting Holder”)
at least 24 hours prior to the public announcement of such Underwritten Shelf Takedown pursuant to written contractual piggyback registration
rights of such holder (including to those set forth herein). The Sponsor shall have the right to select the underwriter(s) for such offering
(which shall consist of one or more reputable nationally recognized investment banks), subject to the Company’s prior approval
which shall not be unreasonably withheld, conditioned or delayed. For purposes of clarity, any Registration effected pursuant to this
subsection 2.3.3 shall not be counted as a Registration pursuant to a Demand Registration effected under Section 2.1 hereof.
2.3.4 If
the managing Underwriter or Underwriters in an Underwritten Shelf Takedown, in good faith, advises the Company, the Sponsor, the Representative
and the Takedown Requesting Holders (if any) in writing that the dollar amount or number of Registrable Securities that the Sponsor,
the Representative and the Takedown Requesting Holders (if any) desire to sell, taken together with all other Ordinary Shares or other
equity securities that the Company desires to sell, exceeds the Maximum Number of Securities, then the Company shall include in such
Underwritten Shelf Takedown, as follows: (i) first, the Registrable Securities of the Sponsor and the Representative that can be sold
without exceeding the Maximum Number of Securities, determined Pro Rata based on the respective number of Registrable Securities that
each such Holder has so requested to be included in such Underwritten Shelf Takedown; (ii) second, to the extent that the Maximum Number
of Securities has not been reached under the foregoing clause (i), the Ordinary Shares or other equity securities that the Company desires
to sell, which can be sold without exceeding the Maximum Number of Securities; and (iii) third, to the extent that the Maximum Number
of Securities has not been reached under the foregoing clauses (i) and (ii), the Ordinary Shares or other equity securities of the Takedown
Requesting Holders, if any, that can be sold without exceeding the Maximum Number of Securities, determined Pro Rata based on the respective
number of Registrable Securities that each Takedown Requesting Holder has so requested to be included in such Underwritten Shelf Takedown.
2.3.5 The
Sponsor and the Representative shall have the right to withdraw from an Underwritten Shelf Takedown for any or no reason whatsoever upon
written notification to the Company and the Underwriter or Underwriters (if any) of its intention to withdraw from such Underwritten
Shelf Takedown prior to the public announcement of such Underwritten Shelf Takedown. Notwithstanding anything to the contrary in this
Agreement, the Company shall be responsible for the Registration Expenses incurred in connection with an Underwritten Shelf Takedown
prior to a withdrawal under this subsection 2.3.5.
9
2.4 Restrictions
on Registration Rights. If (A) during the period starting with the date sixty (60) days prior to the Company’s good faith estimate
of the date of the filing of, and ending on a date one hundred and twenty (120) days after the effective date of, a Company initiated
Registration and provided that the Company has delivered written notice to the Holders prior to receipt of a Demand Registration pursuant
to subsection 2.1.1 and it continues to actively employ, in good faith, all reasonable efforts to cause the applicable Registration
Statement to become effective; (B) the Holders have requested an Underwritten Registration and the Company and the Holders are unable
to obtain the commitment of underwriters to firmly underwrite the offer; or (C) in the good faith judgment of the Board such Registration
would be seriously detrimental to the Company and the Board concludes as a result that it is essential to defer the filing of such Registration
Statement at such time, then in each case the Company shall furnish to such Holders a certificate signed by the Chairperson of the Board
stating that in the good faith judgment of the Board it would be seriously detrimental to the Company for such Registration Statement
to be filed in the near future and that it is therefore essential to defer the filing of such Registration Statement. In such event,
the Company shall have the right to defer such filing for a period of not more than thirty (30) days; provided, however, that the Company
shall not defer its obligation in this manner more than once in any 12-month period.
2.5 Legends.
In connection with any sale or other disposition of the Registrable Securities by a Holder pursuant to Rule 144 promulgated under
the Securities Act (or any successor rule promulgated thereafter by the Commission) and upon compliance by the Holder with the requirements
of this Section 2.5, if requested by the Holder, the Company shall cause the transfer agent for the Registrable Securities (the
“Transfer Agent”) to remove any restrictive legends related to the book entry account holding such Registrable
Securities and make a new, unlegended entry for such book entry shares sold or disposed of without restrictive legends within two (2)
trading days of any such request therefor from the Holder; provided that the Company and the Transfer Agent have timely received from
the Holder customary representations and other documentation reasonably acceptable to the Company and the Transfer Agent in connection
therewith. Subject to receipt from the Holder by the Company and the Transfer Agent of customary representations and other documentation
reasonably acceptable to the Company and the Transfer Agent in connection therewith, the Holder may request that the Company remove any
legend from the book entry position evidencing its Registrable Securities and the Company will, if required by the Transfer Agent, use
its commercially reasonable efforts to cause an opinion of the Company’s counsel to be provided, in a form reasonably acceptable
to the Transfer Agent, to the effect that the removal of such restrictive legends in such circumstances may be effected under the Securities
Act, following the earliest of such time as such Registrable Securities (i) are subject to or have been or are about to be sold pursuant
to an effective registration statement or (ii) have been or are about to be sold pursuant to Rule 144 promulgated under the Securities
Act (or any successor rule promulgated thereafter by the Commission). If restrictive legends are no longer required for such Registrable
Securities pursuant to the foregoing, the Company shall, in accordance with the provisions of this section and within two (2) trading
days of any request therefor from the Holder accompanied by such customary and reasonably acceptable representations and other documentation
referred to above establishing that restrictive legends are no longer required, deliver to the Transfer Agent irrevocable instructions
that the Transfer Agent shall make a new, unlegended entry for such book entry shares. The Company shall be responsible for the fees
of its Transfer Agent, its legal counsel and all DTC fees associated with such issuance.
Article
3
COMPANY
PROCEDURES
3.1 General
Procedures. If at any time on or after the date the Company consummates a Business Combination the Company is required to effect
the Registration of Registrable Securities, the Company shall use its best efforts to effect such Registration to permit the sale of
such Registrable Securities in accordance with the intended plan of distribution thereof, and pursuant thereto the Company shall, as
expeditiously as possible:
3.1.1 prepare
and file with the Commission as soon as practicable a Registration Statement with respect to such Registrable Securities and use its
reasonable best efforts to cause such Registration Statement to become effective and remain effective until all Registrable Securities
covered by such Registration Statement have been sold;
3.1.2 prepare
and file with the Commission such amendments and post-effective amendments to the Registration Statement, and such supplements to the
Prospectus, as may be requested by the Holders or any Underwriter of Registrable Securities or as may be required by the rules, regulations
or instructions applicable to the registration form used by the Company or by the Securities Act or rules and regulations thereunder
to keep the Registration Statement effective until all Registrable Securities covered by such Registration Statement are sold in accordance
with the intended plan of distribution set forth in such Registration Statement or supplement to the Prospectus;
10
3.1.3 prior
to filing a Registration Statement or prospectus, or any amendment or supplement thereto, furnish without charge to the Underwriters,
if any, and the Holders of Registrable Securities included in such Registration, and such Holders’ and Underwriters’ legal
counsel, copies of such Registration Statement as proposed to be filed, each amendment and supplement to such Registration Statement
(in each case including all exhibits thereto and documents incorporated by reference therein), the Prospectus included in such Registration
Statement (including each preliminary Prospectus), and such other documents as the Underwriters and the Holders of Registrable Securities
included in such Registration or the legal counsel for any such Holders and Underwriters may request in order to facilitate the disposition
of the Registrable Securities owned by such Holders;
3.1.4 prior
to any public offering of Registrable Securities, use its best efforts to (i) register or qualify the Registrable Securities covered
by the Registration Statement under such securities or “blue sky” laws of such jurisdictions in the United States as the
Holders of Registrable Securities included in such Registration Statement (in light of their intended plan of distribution) may request
and (ii) take such action necessary to cause such Registrable Securities covered by the Registration Statement to be registered with
or approved by such other governmental authorities as may be necessary by virtue of the business and operations of the Company and do
any and all other acts and things that may be necessary or advisable to enable the Holders of Registrable Securities included in such
Registration Statement to consummate the disposition of such Registrable Securities in such jurisdictions; provided, however, that the
Company shall not be required to qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify
or take any action to which it would be subject to general service of process or taxation in any such jurisdiction where it is not then
otherwise so subject;
3.1.5 cause
all such Registrable Securities to be listed on each securities exchange or automated quotation system on which similar securities issued
by the Company are then listed;
3.1.6 provide
a transfer agent or warrant agent, as applicable, and registrar for all such Registrable Securities no later than the effective date
of such Registration Statement;
3.1.7 advise
each seller of such Registrable Securities, promptly after it shall receive notice or obtain knowledge thereof, of the issuance of any
stop order by the Commission suspending the effectiveness of such Registration Statement or the initiation or threatening of any proceeding
for such purpose and promptly use its reasonable best efforts to prevent the issuance of any stop order or to obtain its withdrawal if
such stop order should be issued;
3.1.8 at
least five (5) days prior to the filing of any Registration Statement or Prospectus or any amendment or supplement to such Registration
Statement furnish a copy thereof to each seller of such Registrable Securities and its counsel, including, without limitation, providing
copies promptly upon receipt of any comment letters received with respect to any such Registration Statement or Prospectus;
3.1.9 notify
the Holders at any time when a Prospectus relating to such Registration Statement is required to be delivered under the Securities Act,
of the happening of any event as a result of which the Prospectus included in such Registration Statement, as then in effect, includes
a Misstatement, and then to correct such Misstatement as set forth in Section 3.4 hereof;
3.1.10 permit
a representative of the Holders (such representative to be selected by a majority of the participating Holders), the Underwriters, if
any, and any attorney or accountant retained by such Holders or Underwriter to participate, at each such person’s own expense,
in the preparation of the Registration Statement, and cause the Company’s officers, directors and employees to supply all information
reasonably requested by any such representative, Underwriter, attorney or accountant in connection with the Registration; provided, however,
that such representatives or Underwriters enter into a confidentiality agreement, in form and substance reasonably satisfactory to the
Company, prior to the release or disclosure of any such information; and provided further, the Company may not include the name of any
Holder or Underwriter or any information regarding any Holder or Underwriter in any Registration Statement or Prospectus, any amendment
or supplement to such Registration Statement or Prospectus, any document that is to be incorporated by reference into such Registration
Statement or Prospectus, or any response to any comment letter, without the prior written consent of such Holder or Underwriter and providing
each such Holder or Underwriter a reasonable amount of time to review and comment on such applicable document, which comments the Company
shall include unless contrary to applicable law;
11
3.1.11 obtain
a “cold comfort” letter from the Company’s independent registered public accountants in the event of an Underwritten
Registration which the participating Holders may rely on, in customary form and covering such matters of the type customarily covered
by “cold comfort” letters as the managing Underwriter may reasonably request, and reasonably satisfactory to a majority-in-interest
of the participating Holders;
3.1.12 on
the date the Registrable Securities are delivered for sale pursuant to such Registration, obtain an opinion, dated such date, of counsel
representing the Company for the purposes of such Registration, addressed to the Holders, the placement agent or sales agent, if any,
and the Underwriters, if any, covering such legal matters with respect to the Registration in respect of which such opinion is being
given as the Holders, placement agent, sales agent, or Underwriter may reasonably request and as are customarily included in such opinions
and negative assurance letters, and reasonably satisfactory to a majority in interest of the participating Holders;
3.1.13 in
the event of any Underwritten Offering, enter into and perform its obligations under an underwriting agreement, in usual and customary
form, with the managing Underwriter of such offering;
3.1.14 make
available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve (12)
months beginning with the first day of the Company’s first full calendar quarter after the effective date of the Registration Statement
which satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any successor rule promulgated thereafter
by the Commission);
3.1.15 if
the Registration involves the Registration of Registrable Securities involving gross proceeds in excess of $25,000,000, use its reasonable
efforts to make available senior executives of the Company to participate in customary “road show” presentations that may
be reasonably requested by the Underwriter in any Underwritten Offering; and
3.1.16 otherwise,
in good faith, cooperate reasonably with, and take such customary actions as may reasonably be requested by the Holders, in connection
with such Registration.
3.2 Registration
Expenses. The Registration Expenses of all Registrations shall be borne by the Company. It is acknowledged by the Holders that the
Holders shall bear all incremental selling expenses relating to the sale of Registrable Securities, such as Underwriters’ commissions
and discounts, brokerage fees, Underwriter marketing costs and, other than as set forth in the definition of “Registration Expenses,”
all reasonable fees and expenses of any legal counsel representing the Holders.
3.3 Requirements
for Participation in Underwritten Offerings. No person may participate in any Underwritten Offering for equity securities of the
Company pursuant to a Registration initiated by the Company hereunder unless such person (i) agrees to sell such person’s securities
on the basis provided in any underwriting arrangements approved by the Company and (ii) completes and executes all customary questionnaires,
powers of attorney, indemnities, lock-up agreements, underwriting agreements and other customary documents as may be reasonably required
under the terms of such underwriting arrangements.
3.4 Suspension
of Sales; Adverse Disclosure. Upon receipt of written notice from the Company that a Registration Statement or Prospectus contains
a Misstatement, each of the Holders shall forthwith discontinue disposition of Registrable Securities until he, she or it has received
copies of a supplemented or amended Prospectus correcting the Misstatement (it being understood that the Company hereby covenants to
prepare and file such supplement or amendment as soon as practicable after the time of such notice), or until he, she or it is advised
in writing by the Company that the use of the Prospectus may be resumed. If the filing, initial effectiveness or continued use of a Registration
Statement in respect of any Registration at any time would require the Company to make an Adverse Disclosure or would require the inclusion
in such Registration Statement of financial statements that are unavailable to the Company for reasons beyond the Company’s control,
the Company may, upon giving prompt written notice of such action to the Holders, delay the filing or initial effectiveness of, or suspend
use of, such Registration Statement for the shortest period of time, but in no event more than thirty (30) days, determined in good faith
by the Company to be necessary for such purpose. In the event the Company exercises its rights under the preceding sentence, the Holders
agree to suspend, immediately upon their receipt of the notice referred to above, their use of the Prospectus relating to any Registration
in connection with any sale or offer to sell Registrable Securities. The Company shall immediately notify the Holders of the expiration
of any period during which it exercised its rights under this Section 3.4.
12
3.5 Reporting
Obligations. As long as any Holder shall own Registrable Securities, the Company, at all times while it shall be a reporting company
under the Exchange Act, covenants to file timely (or obtain extensions in respect thereof and file within the applicable grace period)
all reports required to be filed by the Company after the date hereof pursuant to Sections 13(a) or 15(d) of the Exchange Act and to
promptly furnish the Holders with true and complete copies of all such filings. The Company further covenants that it shall take such
further action as any Holder may reasonably request, all to the extent required from time to time to enable such Holder to sell Ordinary
Shares held by such Holder without registration under the Securities Act within the limitation of the exemptions provided by Rule 144
promulgated under the Securities Act (or any successor rule promulgated thereafter by the Commission), including providing any legal
opinions. Upon the request of any Holder, the Company shall deliver to such Holder a written certification of a duly authorized officer
as to whether it has complied with such requirements.
3.6 Limitations
on Registration Rights. Notwithstanding anything herein to the contrary, the Representative or its designees or Permitted Transferees
may not exercise their rights under Sections 2.1 and 2.2 hereunder after five (5) and seven (7) years from the commencement of sales
in the Company’s initial public offering, respectively.
Article
4
INDEMNIFICATION
AND CONTRIBUTION
4.1 Indemnification.
4.1.1 The
Company agrees to indemnify, to the extent permitted by law and the Company’s amended and restated memorandum and articles of association,
each Holder of Registrable Securities, its officers and directors and each person who controls such Holder (within the meaning of the
Securities Act) against all losses, claims, damages, liabilities and expenses (including attorneys’ fees) 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 any omission or alleged omission of a material fact required to be stated therein or necessary to make
the statements therein not misleading, except insofar as the same are caused by or contained in any information furnished in writing
to the Company by such Holder expressly for use therein. The Company shall indemnify the Underwriters, their officers and directors and
each person who controls such Underwriters (within the meaning of the Securities Act) to the same extent as provided in the foregoing
with respect to the indemnification of the Holder.
4.1.2 In
connection with any Registration Statement in which a Holder of Registrable Securities is participating, such Holder shall furnish to
the Company in writing such information and affidavits as the Company reasonably requests for use in connection with any such Registration
Statement or Prospectus and, to the extent permitted by law, shall indemnify the Company, its directors and officers and agents and each
person who controls the Company (within the meaning of the Securities Act) against any losses, claims, damages, liabilities and expenses
(including without limitation reasonable attorneys’ fees) resulting from any untrue statement of material fact contained in the
Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto or any omission of a material
fact required to be stated therein or necessary to make the statements therein not misleading, but only to the extent that such untrue
statement or omission is contained in any information or affidavit so furnished in writing by such Holder expressly for use therein;
provided, however, that the obligation to indemnify shall be several, not joint and several, among such Holders of Registrable Securities,
and the liability of each such Holder of Registrable Securities shall be in proportion to and limited to the net proceeds received by
such Holder from the sale of Registrable Securities pursuant to such Registration Statement. The Holders of Registrable Securities shall
indemnify the Underwriters, their officers, directors and each person who controls such Underwriters (within the meaning of the Securities
Act) to the same extent as provided in the foregoing with respect to indemnification of the Company.
13
4.1.3 Any
person entitled to indemnification herein shall (i) 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 materially prejudiced the indemnifying party) and (ii) unless in such indemnified party’s
reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim, 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 is not entitled to, or elects not to, assume
the defense of a claim shall not be obligated to pay the fees and expenses of more than one counsel (plus local counsel) for all parties
indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party a conflict
of interest may exist 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, 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.
4.1.4 The
indemnification provided for under this Agreement shall remain in full force and effect regardless of any investigation made by or on
behalf of the indemnified party or any officer, director or controlling person of such indemnified party and shall survive the transfer
of securities. The Company and each Holder of Registrable Securities participating in an offering also agrees to make such provisions
as are reasonably requested by any indemnified party for contribution to such party in the event the Company’s or such Holder’s
indemnification is unavailable for any reason.
4.1.5 If
the indemnification provided under Section 4.1 hereof from the indemnifying party is unavailable or insufficient to hold harmless
an indemnified party in respect of any losses, claims, damages, liabilities and expenses 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 relates to information
supplied by, 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; provided, however, that the liability of
any Holder under this subsection 4.1.5 shall be limited to the amount of the net proceeds received by such Holder in such offering
giving rise to such liability. 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 in subsections 4.1.1, 4.1.2 and 4.1.3 above, any
legal or other fees, charges or expenses reasonably incurred by such party in connection with any investigation or proceeding. The parties
hereto agree that it would not be just and equitable if contribution pursuant to this subsection 4.1.5 were determined by pro
rata allocation or by any other method of allocation, which does not take account of the equitable considerations referred to in this
subsection 4.1.5. 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 subsection 4.1.5 from any person who was not guilty of such fraudulent misrepresentation.
4.2 Waiver
of Medallion Guaranty. The Company agrees to use commercially reasonable efforts to enter into an indemnification agreement in customary
form, in favor of Continental Stock Transfer & Trust Company (or any successor transfer agent or warrant agent of the Company) in
connection with the waiver of any requirement to provide a medallion guarantee in connection with any Transfer of any equity securities
of the Company by the Sponsor, the Representative or any of their Permitted Transferees.
14
Article
5
MISCELLANEOUS
5.1 Notices.
Any notice or communication under this Agreement must be in writing and given by (i) deposit in the United States mail, addressed to
the party to be notified, postage prepaid and registered or certified with return receipt requested, (ii) delivery in person or by courier
service providing evidence of delivery, or (iii) transmission by hand delivery, electronic mail, telecopy, telegram or facsimile. Each
notice or communication that is mailed, delivered, or transmitted in the manner described above shall be deemed sufficiently given, served,
sent, and received, in the case of mailed notices, on the third business day following the date on which it is mailed and, in the case
of notices delivered by courier service, hand delivery, electronic mail, telecopy, telegram or facsimile, at such time as it is delivered
to the addressee (with the delivery receipt or the affidavit of messenger) or at such time as delivery is refused by the addressee upon
presentation. Any notice or communication under this Agreement must be addressed, if to the Company, to: 8605 Santa Monica Blvd., #54207,
Los Angeles, CA 90069, and, if to any Holder, at such Holder’s address or contact information as set forth in the Company’s
books and records. Any party may change its address for notice at any time and from time to time by written notice to the other parties
hereto, and such change of address shall become effective thirty (30) days after delivery of such notice as provided in this Section
5.1.
5.2 Assignment;
No Third Party Beneficiaries.
5.2.1 This
Agreement and the rights, duties and obligations of the Company hereunder may not be assigned or delegated by the Company in whole or
in part.
5.2.2 Prior
to the expiration of the Founder Shares Lock-up Period or the Private Placement Lock-up Period, as the case may be, no Holder may assign
or delegate such Holder’s rights, duties or obligations under this Agreement, in whole or in part, except in connection with a
transfer of Registrable Securities by such Holder to a Permitted Transferee but only if such Permitted Transferee agrees to become bound
by the transfer restrictions set forth in this Agreement.
5.2.3 This
Agreement and the provisions hereof shall be binding upon and shall inure to the benefit of each of the parties and its successors and
the permitted assigns of the Holders, which shall include Permitted Transferees.
5.2.4 This
Agreement shall not confer any rights or benefits on any persons that are not parties hereto, other than as expressly set forth in this
Agreement and Section 5.2 hereof.
5.2.5 No
assignment by any party hereto of such party’s rights, duties and obligations hereunder shall be binding upon or obligate the Company
unless and until the Company shall have received (i) written notice of such assignment as provided in Section 5.1 hereof and (ii)
the written agreement of the assignee, in a form reasonably satisfactory to the Company, to be bound by the terms and provisions of this
Agreement (which may be accomplished by an addendum or certificate of joinder to this Agreement). Any transfer or assignment made other
than as provided in this Section 5.2 shall be null and void.
5.3 Counterparts.
This Agreement may be executed in multiple counterparts (including facsimile or PDF counterparts), each of which shall be deemed an original,
and all of which together shall constitute the same instrument, but only one of which need be produced.
5.4 Governing
Law; Venue. NOTWITHSTANDING THE PLACE WHERE THIS AGREEMENT MAY BE EXECUTED BY ANY OF THE PARTIES HERETO, THE PARTIES EXPRESSLY AGREE
THAT THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED UNDER THE LAWS OF THE STATE OF NEW YORK AS APPLIED TO AGREEMENTS AMONG NEW YORK
RESIDENTS ENTERED INTO AND TO BE PERFORMED ENTIRELY WITHIN NEW YORK, WITHOUT REGARD TO THE CONFLICT OF LAW PROVISIONS OF SUCH JURISDICTION.
ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY MAY BE INSTITUTED
IN THE FEDERAL COURTS OF THE UNITED STATES OR THE COURTS OF THE STATE OF NEW YORK IN EACH CASE LOCATED IN THE CITY OF NEW YORK, AND EACH
PARTY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF SUCH COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING.
15
5.5 Amendments
and Modifications. Upon the written consent of the Company and the Holders of at least a majority in interest of the Registrable
Securities at the time in question (which majority must include the Representative if such amendment or modification is material and
adverse to the Representative), compliance with any of the provisions, covenants and conditions set forth in this Agreement may be waived,
or any of such provisions, covenants or conditions may be amended or modified; provided, however, that notwithstanding the foregoing,
any amendment hereto or waiver hereof that adversely affects one Holder, solely in his, her or its capacity as a holder of the capital
shares of the Company, in a manner that is materially different from the other Holders (in such capacity) shall require the consent of
the Holder so affected. No course of dealing between any Holder or the Company and any other party hereto or any failure or delay on
the part of a Holder or the Company in exercising any rights or remedies under this Agreement shall operate as a waiver of any rights
or remedies of any Holder or the Company. No single or partial exercise of any rights or remedies under this Agreement by a party shall
operate as a waiver or preclude the exercise of any other rights or remedies hereunder or thereunder by such party.
5.6 Other
Registration Rights. The Company represents and warrants that no person, other than a Holder of Registrable Securities, has any right
to require the Company to register any securities of the Company for sale or to include such securities of the Company in any Registration
filed by the Company for the sale of securities for its own account or for the account of any other person. Further, the Company represents
and warrants that this Agreement supersedes any other registration rights agreement or agreement with similar terms and conditions and
in the event of a conflict between any such agreement or agreements and this Agreement, the terms of this Agreement shall prevail.
5.7 Term.
This Agreement shall terminate upon the earlier of (i) the tenth anniversary of the date of this Agreement or (ii) the date as of which
(A) all of the Registrable Securities have been sold pursuant to a Registration Statement (but in no event prior to the applicable period
referred to in Section 4(a)(3) of the Securities Act and Rule 174 thereunder (or any successor rule promulgated thereafter by the Commission))
or (B) the Holders of all Registrable Securities are permitted to sell the Registrable Securities without registration pursuant to Rule
144 (or any similar provision) under the Securities Act with no volume or other restrictions or limitations. The provisions of Section
3.5 and ARTICLE 4 shall survive any termination.
[Signature
Page Follows]
16
IN
WITNESS WHEREOF, the undersigned have caused this Agreement to be executed as of the date first written above.
COMPANY:
FUTURECORP
SPACE ACQUISITION 1,
a
Cayman Islands exempted company
By:
/s/ Joshua B. Marks
Name:
Joshua B. Marks
Title:
Chief
Executive Officer and Chief Financial Officer
HOLDERS:
FUTURECORP
SPACE ACQUISITION 1 LLC,
a
Delaware limited liability company
MANAGING
MEMBER:
PUBCO
ACQUISITION CORP LLC
By:
FUTURECORP LLC, its Sole Member
By:
/s/
Joshua Marks
Name:
Joshua Marks
Title:
Manager
CANTOR
FITZGERALD & CO.,
a
New York general partnership
By:
/s/ Sage Kelly
Name:
Sage Kelly
Title:
Co-Chief Executive Officr &
Global Head of Investment Banking
[Signature
Page to Registration Rights Agreement]
EX-10.3 — SPONSOR PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT, DATED JUNE 4, 2026, BY AND BETWEEN THE COMPANY AND THE SPONSOR
EX-10.3
Filename: ea029400701ex10-3.htm · Sequence: 6
Exhibit
10.3
PRIVATE
PLACEMENT WARRANTS PURCHASE AGREEMENT
THIS
PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT, dated as of June 4, 2026 (as it may from time to time be amended, this “Agreement”),
is entered into by and between FutureCorp Space Acquisition 1, a Cayman Islands exempted company (the “Company”),
and FutureCorp Space Acquisition 1 LLC, a Delaware limited liability company (the “Purchaser”).
WHEREAS,
the Company intends to consummate an initial public offering of the Company’s units (the “Public Offering”),
each unit consisting of one Class A ordinary share, par value $0.0001 per share, of the Company (an “Ordinary Share”),
and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Ordinary Share at an exercise price of
$11.50 per Ordinary Share. The Purchaser has agreed to purchase an aggregate of 4,000,000 warrants (whether or not the underwriters’
over-allotment option in connection with the Public Offering is exercised in full) (the “Private Placement Warrants”),
each Private Placement Warrant entitling the holder to purchase one Ordinary Share at an exercise price of $11.50 per Ordinary Share.
NOW
THEREFORE, in consideration of the mutual promises contained in this Agreement and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby, intending legally to be bound, agree as follows:
AGREEMENT
Section
1 Authorization, Purchase and Sale; Terms of the Private Placement Warrants.
A. Authorization
of the Private Placement Warrants. The Company has duly authorized the issuance and sale of the Private Placement Warrants to the
Purchaser.
B. Purchase
and Sale of the Private Placement Warrants.
(i) On
the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the
Company (the “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser agrees to
purchase from the Company, an aggregate of 4,000,000 Private Placement Warrants (whether or not the underwriters’ over-allotment
option in connection with the Public Offering is exercised in full), each at a price of $1.00 per warrant for the aggregate purchase
price of $4,000,000 (whether or not the underwriters’ over-allotment option in connection with the Public Offering is exercised
in full) (the “Purchase Price”), which shall be paid by the Purchaser by wire transfer of immediately available
funds to the Company at least one business day prior to the Closing Date in accordance with the Company’s wiring instructions.
On the Closing Date, upon the payment by the Purchaser of the Purchase Price by wire transfer of immediately available funds to the Company,
the Company, at its option, shall deliver a certificate to the Purchaser evidencing the Private Placement Warrants purchased and received
by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry form.
C. Terms
of the Private Placement Warrants.
(i) Each
Private Placement Warrant shall have the terms set forth in a Warrant Agreement to be entered into by the Company and a warrant agent
in connection with the Public Offering (a “Warrant Agreement”).
(ii)
At the time of the closing of the Public Offering, the Company and the Purchaser shall enter into a registration rights agreement (the
“Registration Rights Agreement”) pursuant to which the Company will grant certain registration rights to the
Purchaser relating to the Private Placement Warrants and the Ordinary Shares underlying the Private Placement Warrants.
Section
2 Representations and Warranties of the Company. As a material inducement to the Purchaser to enter into this Agreement and purchase
the Private Placement Warrants, the Company hereby represents and warrants to the Purchaser (which representations and warranties shall
survive the Closing Date) that:
A. Incorporation
and Corporate Power. The Company is an exempted company duly incorporated, validly existing and in good standing under the laws of
the Cayman Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected
to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite
corporate power and authority necessary to carry out the transactions contemplated by this Agreement and the Warrant Agreement.
B. Authorization;
No Breach.
(i) The
execution, delivery and performance of this Agreement and the Private Placement Warrants have been duly authorized by the Company as
of the Closing Date. This Agreement constitutes the valid and binding obligation of the Company, enforceable in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating
to or affecting creditors’ rights and to general equitable principles (whether considered in a proceeding in equity or law). Upon
issuance in accordance with, and payment pursuant to, the terms of the Warrant Agreement and this Agreement, the Private Placement Warrants
will constitute valid and binding obligations of the Company, enforceable in accordance with their terms as of the Closing Date.
(ii) The
execution and delivery by the Company of this Agreement and the Private Placement Warrants, the issuance and sale of the Private Placement
Warrants, the issuance of the Ordinary Shares upon exercise of the Private Placement Warrants and the fulfillment of, and compliance
with, the respective terms hereof and thereof by the Company, do not and will not as of the Closing Date (a) conflict with or result
in a breach of the terms, conditions or provisions of, (b) constitute a default under, (c) result in the creation of any lien, security
interest, charge or encumbrance upon the Company’s equity or assets under, (d) result in a violation of, or (e) require any authorization,
consent, approval, exemption or other action by or notice or declaration to, or filing with, any court or administrative or governmental
body or agency pursuant to the Amended and Restated Memorandum and Articles of Association of the Company in effect on the date hereof
or as may be amended at or prior to completion of the contemplated Public Offering, or any material law, statute, rule or regulation
to which the Company is subject, or any agreement, order, judgment or decree to which the Company is subject, except for any filings
required after the date hereof under federal or state securities laws.
C. Title
to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement, and upon registration
in the Company’s register of members, the Ordinary Shares issuable upon exercise of the Private Placement Warrants will be duly
and validly issued, fully paid and nonassessable. Upon issuance in accordance with, and payment pursuant to, the terms hereof and the
Warrant Agreement, and upon registration in the books maintained by or on behalf of the Company for
the registration and transfer of the Private Placement Warrants (in the case of the Private Placement Warrants) or the Company’s
register of members (in the case of the Ordinary Shares issuable upon exercise of such Private Placement Warrants), the Purchaser will
have good title to the Private Placement Warrants and the Ordinary Shares issuable upon exercise of such Private Placement Warrants,
free and clear of all liens, claims and encumbrances of any kind, other than (i) transfer restrictions hereunder and under the other
agreements contemplated hereby, (ii) transfer restrictions under federal and state securities laws, and (iii) liens, claims or encumbrances
imposed due to the actions of the Purchaser.
D. Governmental
Consents. No permit, consent, approval or authorization of, or declaration to or filing with, any governmental authority is required
in connection with the execution, delivery and performance by the Company of this Agreement or the consummation by the Company of any
other transactions contemplated hereby.
E. Regulation
D Qualification. Neither the Company nor, to its knowledge, any of its affiliates, members, officers, directors or beneficial shareholders
of 20% or more of its outstanding securities, has experienced a disqualifying event as enumerated pursuant to Rule 506(d) of Regulation
D under the Securities Act of 1933, as amended (the “Securities Act”).
2
Section
3 Representations and Warranties of the Purchaser. As a material inducement to the Company to enter into this Agreement and issue
and sell the Private Placement Warrants to the Purchaser, the Purchaser hereby represents and warrants to the Company (which representations
and warranties shall survive the Closing Date) that:
A. Organization
and Requisite Authority. The Purchaser possesses all requisite power and authority necessary to carry out the transactions contemplated
by this Agreement.
B. Authorization;
No Breach.
(i) This
Agreement constitutes a valid and binding obligation of the Purchaser, enforceable in accordance with its terms, subject to bankruptcy,
insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating to or affecting creditors’
rights and to general equitable principles (whether considered in a proceeding in equity or law).
(ii) The
execution and delivery by the Purchaser of this Agreement and the fulfillment of and compliance with the terms hereof by the Purchaser
does not and shall not as of the Closing Date conflict with or result in a breach by the Purchaser of the terms, conditions or provisions
of any agreement, instrument, order, judgment or decree to which the Purchaser is subject.
C. Investment
Representations.
(i) The
Purchaser is acquiring the Private Placement Warrants and, upon exercise of the Private Placement Warrants, the Ordinary Shares issuable
upon such exercise (collectively, the “Securities”), for the Purchaser’s own account, for investment
purposes only and not with a view towards, or for resale in connection with, any public sale or distribution thereof.
(ii) The
Purchaser is an “accredited investor” as such term is defined in Rule 501(a)(3) of Regulation D, and the Purchaser has not
experienced a disqualifying event as enumerated pursuant to Rule 506(d) of Regulation D under the Securities Act.
(iii) The
Purchaser understands that the Securities are being offered and will be sold to it in reliance on specific exemptions from the registration
requirements of the United States federal and state securities laws and that the Company is relying upon the truth and accuracy of, and
the Purchaser’s compliance with, the representations and warranties of the Purchaser set forth herein in order to determine the
availability of such exemptions and the eligibility of the Purchaser to acquire such Securities.
(iv) The
Purchaser did not decide to enter into this Agreement as a result of any general solicitation or general advertising within the meaning
of Rule 502(c) under the Securities Act.
(v) The
Purchaser has been furnished with all materials relating to the business, finances and operations of the Company and materials relating
to the offer and sale of the Securities which have been requested by the Purchaser. The Purchaser has been afforded the opportunity to
ask questions of the executive officers and directors of the Company. The Purchaser understands that its investment in the Securities
involves a high degree of risk and it has sought such accounting, legal and tax advice as it has considered necessary to make an informed
investment decision with respect to the acquisition of the Securities.
(vi) The
Purchaser understands that no United States federal or state agency or any other government or governmental agency has passed on or made
any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities by the Purchaser
nor have such authorities passed upon or endorsed the merits of the offering of the Securities.
3
(vii) The
Purchaser understands that: (a) the Securities have not been and are not being registered under the Securities Act or any state securities
laws, and may not be offered for sale, sold, assigned or transferred unless (1) subsequently registered thereunder or (2) sold in reliance
on an exemption therefrom; and (b) except as specifically set forth in the Registration Rights Agreement, neither the Company nor any
other person is under any obligation to register the Securities under the Securities Act or any state securities laws or to comply with
the terms and conditions of any exemption thereunder. While the Purchaser understands that Rule 144 is not available for the resale of
securities initially issued by shell companies (other than business combination related shell companies) or issuers that have been at
any time previously a shell company, the Purchaser understands that Rule 144 includes an exception to this prohibition if the following
conditions are met: (i) the issuer of the securities that was formerly a shell company has ceased to be a shell company; (ii) the issuer
of the securities is subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”); (iii) the issuer of the securities has filed all Exchange Act reports and material required
to be filed, as applicable, during the preceding 12 months (or such shorter period that the issuer was required to file such reports
and materials), other than Form 8-K reports; and (iv) at least one year has elapsed from the time that the issuer filed current Form
10 type information with the SEC reflecting its status as an entity that is not a shell company.
(viii) The
Purchaser has such knowledge and experience in financial and business matters, knows of the high degree of risk associated with investments
in the securities of companies in the development stage such as the Company, is capable of evaluating the merits and risks of an investment
in the Securities and is able to bear the economic risk of an investment in the Securities in the amount contemplated hereunder for an
indefinite period of time. The Purchaser has adequate means of providing for its current financial needs and contingencies and will have
no current or anticipated future needs for liquidity which would be jeopardized by the investment in the Securities. The Purchaser can
afford a complete loss of its investment in the Securities.
Section
4 Conditions of the Purchaser’s Obligations. The obligation of the Purchaser to purchase and pay for the Private Placement
Warrants is subject to the fulfillment, on or before the Closing Date, of each of the following conditions:
A. Representations
and Warranties. The representations and warranties of the Company contained in Section 2 shall be true and correct at and
as of the Closing Date as though then made.
B. Performance.
The Company shall have performed and complied with all agreements, obligations and conditions contained in this Agreement that are required
to be performed or complied with by it on or before the Closing Date.
C. No
Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered,
promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having
authority over the matters contemplated hereby, which prohibits the consummation of any of the transactions contemplated by this Agreement
or the Warrant Agreement.
D. Warrant
Agreement. The Company shall have entered into the Warrant Agreement with a warrant agent on terms satisfactory to the Purchaser.
Section
5 Conditions of the Company’s Obligations. The obligations of the Company to the Purchaser under this Agreement are subject
to the fulfillment, on or before the Closing Date, of each of the following conditions:
A. Representations
and Warranties. The representations and warranties of the Purchaser contained in Section 3 shall be true and correct at and
as of the Closing Date as though then made.
B. Performance.
The Purchaser shall have performed and complied with all agreements, obligations and conditions contained in this Agreement that are
required to be performed or complied with by the Purchaser on or before the Closing Date.
C. Corporate
Consents. The Company shall have obtained the consent of its Board of Directors authorizing the execution, delivery and performance
of this Agreement and the Warrant Agreement and the issuance and sale of the Private Placement Warrants hereunder.
D. No
Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered,
promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having
authority over the matters contemplated hereby, which prohibits the consummation of any of the transactions contemplated by this Agreement
or the Warrant Agreement.
4
E. Warrant
Agreement. The Company shall have entered into the Warrant Agreement with a warrant agent on terms satisfactory to the Company.
Section
6 Termination. This Agreement may be terminated at any time after September 30, 2026 upon the election by either the Company or
the Purchaser upon written notice to the other party if the closing of the Public Offering does not occur prior to such date.
Section
7 Survival of Representations and Warranties. All of the representations and warranties contained herein shall survive the Closing
Date.
Section
8 Definitions. Terms used but not otherwise defined in this Agreement shall have the meaning assigned to such terms in the registration
statement on Form S-1 the Company has filed with the U.S. Securities and Exchange Commission, under the Securities Act.
Section
9 Miscellaneous.
A. Successors
and Assigns. Except as otherwise expressly provided herein, all covenants and agreements contained in this Agreement by or on behalf
of any of the parties hereto shall bind and inure to the benefit of the respective successors of the parties hereto whether so expressed
or not. Notwithstanding the foregoing or anything to the contrary herein, the parties may not assign this Agreement, other than assignments
by the Purchaser to affiliates thereof (including, without limitation one or more of its members).
B. Severability.
Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall be ineffective
only to the extent of such prohibition or invalidity, without invalidating the remainder of this Agreement.
C. Counterparts.
This Agreement may be executed simultaneously in two or more counterparts, none of which need contain the signatures of more than one
party, but all such counterparts taken together shall constitute one and the same agreement.
D. Descriptive
Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a substantive
part of this Agreement. The use of the word “including” in this Agreement shall be by way of example rather than by limitation.
E. Governing
Law. This Agreement shall be deemed to be a contract made under the laws of the State of New York and for all purposes shall be construed
in accordance with the internal laws of the State of New York.
F. Amendments.
This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all
parties hereto.
[Signature
Page Follows]
5
IN
WITNESS WHEREOF, the parties hereto have executed this Agreement to be effective as of the date first set forth above.
COMPANY:
FUTURECORP
SPACE ACQUISITION 1
By:
/s/ Joshua B. Marks
Name:
Joshua B. Marks
Title:
Chief Executive Officer and
Chief Financial Officer
PURCHASER:
MANAGING
MEMBER:
PUBCO
ACQUISITION CORP LLC
By:
FUTURECORP LLC, its Sole Member
By:
/s/ Joshua B. Marks
Name:
Joshua B. Marks
Title:
Manager
[Signature Page to Private Placement Warrants Purchase Agreement]
EX-10.4 — CANTOR PRIVATE PLACEMENT UNITS PURCHASE AGREEMENT, DATED JUNE 4, 2026, BY AND BETWEEN THE COMPANY AND CANTOR FITZGERALD & CO
EX-10.4
Filename: ea029400701ex10-4.htm · Sequence: 7
Exhibit 10.4
PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT
This PRIVATE PLACEMENT WARRANTS
PURCHASE AGREEMENT (this “Agreement”) is made as of the 4th day of June, 2026, by and between FutureCorp
Space Acquisition 1, a Cayman Islands exempted company (the “Company”) and Cantor Fitzgerald & Co., a New York
general partnership (“Cantor” or the “Subscriber”).
WHEREAS, the Company desires
to sell to the Subscriber on a private placement basis (the “Offering”) an aggregate of 2,000,000 warrants (including
if the underwriters’ over-allotment option is exercised in full) (each, a “Placement Warrant” and, collectively,
the “Placement Warrants”) of the Company, for a purchase price of $1.00 per Placement Warrant. The Class A Ordinary
Shares (as defined below) underlying the Warrants are hereinafter referred to as the “Warrant Shares”. The Placement
Warrants and Warrant Shares, collectively, are hereinafter referred to as the “Securities.” Each whole Placement Warrant
is exercisable to purchase one Class A Ordinary Share at an exercise price of $11.50, as provided in the registration statement in connection
with the initial public offering (the “IPO”) of the Company’s units (the “Units”), as amended
at the time it becomes effective (the “Registration Statement”), and expiring on the fifth anniversary of the consummation
of the Company’s initial business combination (the “Business Combination”) (provided that so long as the Placement
Warrants are held by the Subscriber or its designees, the Subscriber or its designees will not be permitted to exercise such Placement
Warrants after the five year anniversary of the commencement of sales in the IPO); and
WHEREAS, the Subscriber wishes
to purchase an aggregate of 2,000,000 Placement Warrants (including if the underwriters’ over-allotment option is exercised in full),
and the Company wishes to accept such subscription from the Subscriber.
NOW, THEREFORE, in consideration
of the premises and the mutual covenants hereinafter set forth and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Company and the Subscriber hereby agree as follows:
1. Agreement
to Subscribe
1.1 Purchase
and Issuance of the Placement Warrants.
(i) Upon
the terms and subject to the conditions of this Agreement, on the date of the consummation of the IPO or on such earlier time and date
as may be mutually agreed by the Subscriber and the Company (the “Closing Date”), the Subscriber hereby agrees to purchase
from the Company, and the Company hereby agrees to sell to the Subscriber 2,000,000 Placement Warrants (including if the underwriters’
over-allotment option is exercised in full) at a price per warrant of $1.00 for an aggregate purchase price of $2,000,000.00 (including
if the underwriters’ over-allotment option is exercised in full) (the “Purchase Price”). On the Closing Date,
the Company shall, at its option, deliver to the Subscriber the certificates representing the Placement Warrants purchased or effect such
delivery in book-entry form.
1.2 Purchase
Price. The Purchase Price shall be paid by wire transfer of immediately available funds, or by such other method as may be reasonably
acceptable to the Company, to the trust account (the “Trust Account”) at a financial institution to be chosen by the
Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee (“Continental”), on or prior
to the Closing Date.
1.3 Closings.
The Closing shall take place at the offices of Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, 11th Floor, New York,
New York 10105, or such other place as may be agreed upon by the parties hereto.
1.4 Termination.
This Agreement and each of the obligations of the undersigned shall be null and void and without effect if a Closing does not occur prior
to September 30, 2026.
2. Representations
and Warranties of the Subscriber
As a material inducement to
the Company to enter into this Agreement and issue and sell the Placement Warrants to the Subscriber, the Subscriber represents and warrants
to the Company that:
2.1 No
Government Recommendation or Approval. The Subscriber understands that no federal or state agency has passed upon or made any recommendation
or endorsement of the Company, the merits of the Offering of the Securities or the suitability of the investment in the Securities by
the Subscriber.
2.2 Accredited
Investor. The Subscriber represents that it is an “accredited investor” as such term is defined in Rule 501(a) of Regulation
D under the Securities Act of 1933, as amended (the “Securities Act”), and acknowledges that the sale contemplated
hereby is being made in reliance, among other things, on a private placement exemption to “accredited investors” under the
Securities Act and similar exemptions under state law. The Subscriber has not experienced a disqualifying event as enumerated pursuant
to Rule 506(d) of Regulation D under the Securities Act.
2.3 Intent.
The Subscriber is purchasing the Securities solely for investment purposes, for the Subscriber’s own account (and/or for the account
or benefit of its members or affiliates, as permitted, pursuant to the terms hereof), and not with a view towards, or for resale in connection
with, any public sale or distribution thereof.
2.4 Restrictions
on Transfer. The Subscriber acknowledges and understands the Placement Warrants are being offered in a transaction not involving a
public offering in the United States within the meaning of the Securities Act. The Securities have not been registered under the Securities
Act and, if in the future the Subscriber decides to offer, resell, pledge or otherwise transfer the Securities, such Securities may be
offered, resold, pledged or otherwise transferred only (A) pursuant to an effective registration statement filed under the Securities
Act, (B) pursuant to an exemption from registration under Rule 144 promulgated under the Securities Act, if available, or (C) pursuant
to any other available exemption from the registration requirements of the Securities Act, and in each case in accordance with any applicable
securities laws of any state or any other jurisdiction. Notwithstanding the foregoing, the Subscriber acknowledges and understands the
Securities are subject to transfer restrictions as described in Section 7 hereof. The Subscriber agrees that if any transfer of its Securities
or any interest therein is proposed to be made, as a condition precedent to any such transfer, the Subscriber may be required to deliver
to the Company an opinion of counsel satisfactory to the Company with respect to such transfer. Absent registration or another available
exemption from registration, the Subscriber agrees it will not resell the Securities (unless otherwise permitted pursuant to the terms
hereof). The Subscriber further acknowledges that because the Company is a shell company, Rule 144 may not be available to the Subscriber
for the resale of the Securities until the following conditions are met: (i) the issuer of the securities that was formerly a shell company
has ceased to be a shell company; (ii) the issuer of the securities is subject to the reporting requirements of Section 13 or 15(d) of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”); (iii) the issuer of the securities has filed
all Exchange Act reports and material required to be filed, as applicable, during the preceding 12 months (or such shorter period that
the issuer was required to file such reports and materials), other than Form 8-K reports; and (iv) at least one year has elapsed from
the time that the issuer filed current Form 10 type information with the SEC reflecting its status as an entity that is not a shell company,
despite technical compliance with the requirements of Rule 144 and the release or waiver of any contractual transfer restrictions.
2.5 Sophisticated
Investor.
(i) The
Subscriber is sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Securities. The
Subscriber has adequate means of providing for its current financial needs and contingencies and will have no current or anticipated future
needs for liquidity which would be jeopardized by the investment in the Securities.
(ii) The
Subscriber has been furnished with all materials relating to the business, finances and operations of the Company and materials relating
to the offer and sale of the Securities which have been requested by the Subscriber. The Subscriber has been afforded the opportunity
to ask questions of the executive officers and directors of the Company.
2
(iii) The
Subscriber is aware that an investment in the Securities is highly speculative and subject to substantial risks because, among other things,
(a) the Securities are subject to transfer restrictions and have not been registered under the Securities Act and therefore cannot be
sold unless subsequently registered under the Securities Act or an exemption from such registration is available, (b) except as specifically
set forth in the registration rights agreement pursuant to which the Company will grant certain registration rights to the Subscriber
relating to the Securities, neither the Company nor any other person is under any obligation to register the Securities under the Securities
Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder and (c) the Subscriber has waived
its redemption rights with respect to the Securities as set forth in Section 5 hereof, and the Securities held by the Subscriber are not
entitled to, and have no right, interest or claim to any monies held in the Trust Account, and accordingly the Subscriber may suffer a
loss of a portion or all of its investment in the Securities. The Subscriber is able to bear the economic risk of its investment in the
Securities for an indefinite period of time. The Subscriber has sought such accounting, legal and tax advice as it has considered necessary
to make an informed investment decision with respect to the acquisition of the Securities.
2.6 Organization
and Authority. The Subscriber is duly organized, validly existing and in good standing under the laws of its state of incorporation
or formation and it possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement.
2.7 Authority.
This Agreement has been validly authorized, executed and delivered by the Subscriber and is a valid and binding agreement of the Subscriber
enforceable against the Subscriber in accordance with its terms, subject to the general principles of equity and to bankruptcy or other
laws affecting the enforcement of creditors’ rights generally.
2.8 No
Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Subscriber of the transactions contemplated
hereby do not violate, conflict with or constitute a default under (i) the Subscriber’s organizational documents, (ii) any agreement
or instrument to which the Subscriber is a party or (iii) any law, statute, rule or regulation to which the Subscriber is subject, or
any agreement, order, judgment or decree to which the Subscriber is subject.
2.9 No
Legal Advice from Company. The Subscriber acknowledges it has had the opportunity to review this Agreement and the transactions contemplated
by this Agreement with the Subscriber’s own legal counsel and investment and tax advisors. Except for any statements or representations
of the Company made in this Agreement and the other agreements entered into between the parties hereto, the Subscriber is relying solely
on such counsel and advisors and not on any statements or representations of the Company or any of its representatives or agents for legal,
tax or investment advice with respect to this investment, the transactions contemplated by this Agreement or the securities laws of any
jurisdiction.
2.10 Reliance
on Representations and Warranties. The Subscriber understands the Placement Warrants are being offered and sold to the Subscriber
in reliance on exemptions from the registration requirements under the Securities Act, and analogous provisions in the laws and regulations
of various states, and that the Company is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments
and understandings of the Subscriber set forth in this Agreement in order to determine the applicability of such provisions.
2.11 No
General Solicitation. The Subscriber is not subscribing for the Placement Warrants as a result of or subsequent to any general solicitation
or general advertising, including but not limited to any advertisement, article, notice or other communication published in any newspaper,
magazine, or similar media or broadcast over television or radio, or presented at any seminar or meeting or in a registration statement
with respect to the IPO filed with the Securities and Exchange Commission (“SEC”).
2.12 Legend.
The Subscriber acknowledges and agrees the certificates evidencing each of the Securities shall bear a restrictive legend (the “Legend”),
in form and substance substantially as set forth in Section 4 hereof.
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3. Representations,
Warranties and Covenants of the Company
The Company represents and
warrants to, and agrees with, the Subscriber that:
3.1 Valid
Issuance. The Company is authorized to issue 500,000,000 Class A ordinary shares, par value $0.0001 per share (“Class A Ordinary
Shares”), 50,000,000 Class B ordinary shares, par value $0.0001 per share (“Class B Ordinary Shares”) and
5,000,000 preference shares, par value $0.0001 per share (“Preference Shares”). As of the date hereof, the Company
has issued and outstanding 5,750,000 Class B Ordinary Shares (of which up to 750,000 shares are subject to forfeiture as described in
the Registration Statement) and no Preference Shares. All of the issued Class B Ordinary Shares of the Company have been duly authorized,
validly issued, and are fully paid and non-assessable.
3.2 Title
to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof and that certain warrant agreement to be
entered into between the Company and Continental, as warrant agent (the “Warrant Agreement”), as the case may be, each
of the Placement Warrants and Warrant Shares (after issuance) will be duly and validly issued, fully paid and non-assessable. On each
date of issuance of Placement Warrants, a sufficient number of Warrant Shares shall have been reserved for issuance upon the exercise
of all of the Placement Warrants. Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement,
as the case may be, the Subscriber will have or receive good title to the Placement Warrants, free and clear of all liens, claims and
encumbrances of any kind, other than (i) transfer restrictions hereunder and under the other agreements contemplated hereby, (ii) transfer
restrictions under federal and state securities laws and (iii) liens, claims or encumbrances imposed due to the actions of the Subscriber.
3.3 Organization
and Qualification. The Company is an exempted company duly incorporated, validly existing and in good standing under the laws of the
Cayman Islands and has the requisite corporate power to own its properties and assets and to carry on its business as now being conducted.
3.4 Authorization;
Enforcement. (i) The Company has the requisite corporate power and authority to enter into and perform its obligations under this
Agreement and to issue the Securities in accordance with the terms hereof, (ii) the execution, delivery and performance of this Agreement
by the Company and the consummation by it of the transactions contemplated hereby have been duly authorized by all necessary corporate
action, and no further consent or authorization of the Company or its Board of Directors or shareholders is required, and (iii) this Agreement
constitutes valid and binding obligations of the Company enforceable against the Company in accordance with its terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization, or similar laws
relating to, or affecting generally the enforcement of, creditors’ rights and remedies or by equitable principles of general application
and except as enforcement of rights to indemnity and contribution may be limited by federal and state securities laws or principles of
public policy.
3.5 No
Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Company of the transactions contemplated
hereby do not (i) result in a violation of the Company’s amended and restated memorandum and articles of association, (ii) conflict
with, or constitute a default under any agreement or instrument to which the Company is a party or (iii) any law statute, rule or regulation
to which the Company is subject or any agreement, order, judgment or decree to which the Company is subject. Other than any SEC or state
securities filings which may be required to be made by the Company subsequent to the Closing, and any registration statement which may
be filed pursuant thereto, the Company is not required under federal, state or local law, rule or regulation to obtain any consent, authorization
or order of, or make any filing or registration with, any court or governmental agency or self-regulatory entity in order for it to perform
any of its obligations under this Agreement or issue the Placement Warrants or Warrant Shares in accordance with the terms hereof.
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4. Legends
4.1 Legend.
The Company will issue the Placement Warrants, and when issued, the Warrant Shares, purchased by the Subscriber in the name of the Subscriber.
The Securities will bear the following Legend and appropriate “stop transfer” instructions:
“THE SECURITIES REPRESENTED BY
THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED,
SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES
LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE. IN ADDITION, SUBJECT TO ANY ADDITIONAL LIMITATIONS ON TRANSFER DESCRIBED IN THE AGREEMENTS
BY AND AMONG FUTURECORP SPACE ACQUISITION 1 (THE “COMPANY”), FUTURECORP SPACE ACQUISITION 1 LLC AND THE OTHER SIGNATORIES
THERETO, THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD OR TRANSFERRED PRIOR TO THE DATE THAT IS THIRTY (30) DAYS AFTER
THE DATE UPON WHICH THE COMPANY COMPLETES ITS INITIAL BUSINESS COMBINATION (AS DEFINED IN SECTION 3 OF THE WARRANT AGREEMENT REFERRED
TO HEREIN) EXCEPT TO A PERMITTED TRANSFEREE WHO AGREES IN WRITING WITH THE COMPANY TO BE SUBJECT TO SUCH TRANSFER PROVISIONS.
SECURITIES EVIDENCED BY THIS CERTIFICATE
AND ORDINARY SHARES OF THE COMPANY ISSUED UPON EXERCISE OF SUCH SECURITIES SHALL BE ENTITLED TO REGISTRATION RIGHTS UNDER A REGISTRATION
RIGHTS AGREEMENT TO BE EXECUTED BY THE COMPANY.”
4.2 Subscriber’s
Compliance. Nothing in this Section 4 shall affect in any way the Subscriber’s obligation and agreement to comply with all applicable
securities laws upon resale of the Securities.
4.3 Company’s
Refusal to Register Transfer of the Securities. The Company shall refuse to register any transfer of the Securities, if in the sole
judgment of the Company such purported transfer would not be made (i) pursuant to an effective registration statement filed under the
Securities Act, or pursuant to an available exemption from the registration requirements of the Securities Act and (ii) in compliance
herewith.
4.4 Registration
Rights. The Subscriber will be entitled to certain registration rights which will be governed by a registration rights agreement (“Registration
Rights Agreement”) to be entered into between, among others, the Subscriber and the Company, on or prior to the effective date
of the Registration Statement. Pursuant to the Registration Rights Agreement, the Subscriber may not exercise its demand and “piggyback”
registration rights after five (5) and seven (7) years from the commencement of sales in the IPO and may not exercise its demand rights
on more than one occasion.
5. Waiver
of Liquidation Distributions.
In connection with the Securities
purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any
distributions of the amounts in the Trust Account with respect to the Securities, whether (i) in connection with the exercise of redemption
rights if the Company consummates the Business Combination, (ii) in connection with any tender offer conducted by the Company prior to
a Business Combination, (iii) upon the Company’s redemption of Class A Ordinary Shares included in the Units sold in the Company’s
IPO upon the Company’s failure to complete the Business Combination within the period provided for in the Company’s amended
and restated memorandum and articles of association or (iv) in connection with a shareholder vote to approve an amendment to the Company’s
amended and restated memorandum and articles of association not for the purposes of approving, or in conjunction with the consummation
of, a Business Combination (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with
a Business Combination or to redeem 100% of the Class A Ordinary Shares included in the Units sold in the Company’s IPO if the Company
has not consummated a Business Combination within the period provided for in the Company’s amended and restated memorandum and articles
of association or (B) with respect to any other material provisions relating to the right of holders of Class A Ordinary Shares or pre-Business
Combination activity. In the event that the Subscriber purchases Class A Ordinary Shares as part of the Units in the IPO or in the aftermarket,
any additional Class A Ordinary Shares so purchased shall be eligible to receive the redemption value of such Class A Ordinary Shares
upon the same terms offered to all other purchasers of Class A Ordinary Shares included as part of the Units in the IPO. Nothing herein
shall preclude the Subscriber from making any claim or seeking recourse against the Company’s funds held outside of the Trust Account
or seeking to enforce the terms of the Underwriting Agreement.
5
6. Terms
of Placement Warrants.
Each Placement Warrant shall
have the terms set forth in the Warrant Agreement.
7. Lock-Up
Period.
7.1 The
Subscriber agrees that it shall not Transfer any Securities until 30 days following the consummation of the Business Combination; provided,
however, that Transfers of Securities are permitted (a) to the Company’s or the Subscriber’s officers or directors, any affiliates
or family members of any of the Company’s or the Subscriber’s officers or directors, any members of the Company’s sponsor,
or any affiliates of the Company’s sponsor, (b) in the case of an individual, by gift to a member of the individual’s immediate
family or to a trust, the beneficiary of which is a member of the individual’s immediate family or an affiliate of such person,
or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of the individual;
(d) in the case of an individual, pursuant to a qualified domestic relations order; (e) by virtue of the laws of the State of New York
or the Subscriber’s partnership agreement in the event of the Subscriber’s liquidation; (f) in the event of the Company’s
liquidation prior to the consummation of a Business Combination; provided, however, that in the case of clauses (a) through (f) these
permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions and by the same agreements
entered into by the Company’s sponsor and the Subscriber with respect to such securities.
7.2 For
purposes of Section 7.1, the term “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell,
hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment
or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of
Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated thereunder with respect
to, any of the Securities, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of any of the Securities, whether any such transaction is to be settled by delivery of such Securities, in cash
or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b).
7.3 In
addition to the restrictions on transfer described in Section 7.1, the Subscriber acknowledges and agrees that the Placement Warrants
and their component parts and the related registration rights will be deemed compensation by the Financial Industry Regulatory Authority
(“FINRA”) and will therefore, pursuant to Rule 5110(e) of the FINRA Manual, be subject to lock-up for a period of 180
days immediately following the commencement of sales in the IPO, subject to FINRA Rule 5110(e)(2). Additionally, the Placement Warrants
and their component parts and the related registration rights may not be sold, transferred, assigned, pledged or hypothecated during the
foregoing 180 day period except to any underwriter or selected dealer participating in the IPO and the officers or partners, registered
persons or affiliates of the Subscriber and any such participating underwriter or selected dealer. Additionally, the Placement Warrants
and their component parts and the related registration rights will not be the subject of any hedging, short sale, derivative, put or call
transaction that would result in the economic disposition of such securities by any person for a period of 180 days immediately following
the commencement of sales in the IPO.
8. Terms
of the Placement Warrants
The Placement Warrants are
substantially identical to the warrants included as part of the Units to be offered in the IPO except that: (i) they are subject to the
transfer restrictions described in Section 7 hereof; (ii) they will be entitled to registration rights and (iii) they may not be exercisable
more than five years from the commencement of sales in this offering in accordance with FINRA Rule 5110(g)(8).
9. Conditions
of the Subscriber’s Obligations
The obligation of the Subscriber
to purchase and pay for the Private Placement Warrants is subject to the fulfillment, on or before the Closing Date, of each of the following
conditions:
9.1 Representations
and Warranties. The representations and warranties of the Company contained in Section 3 hereof shall be true and correct at and as
of the Closing Date as though then made.
6
9.2 Performance.
The Company shall have performed and complied with all agreements, obligations and conditions contained in this Agreement that are required
to be performed or complied with by it on or before the Closing Date.
9.3 No
Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered,
promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having
authority over the matters contemplated hereby, which prohibits the consummation of any of the transactions contemplated by this Agreement
or the Warrant Agreement.
9.4 Warrant
Agreement. The Company shall have entered into the Warrant Agreement with a warrant agent on terms satisfactory to the Subscriber.
10. Conditions
of the Company’s Obligations
10.1 Representations
and Warranties. The representations and warranties of the Subscriber contained in Section 2 hereof shall be true and correct at and
as of the Closing Date as though then made.
10.2 Performance.
The Subscriber shall have performed and complied with all agreements, obligations and conditions contained in this Agreement that are
required to be performed or complied with by the Subscriber on or before the Closing Date.
10.3 No
Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered,
promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having
authority over the matters contemplated hereby, which prohibits the consummation of any of the transactions contemplated by this Agreement
or the Warrant Agreement.
10.4 Warrant
Agreement. The Company shall have entered into the Warrant Agreement with a warrant agent on terms satisfactory to the Subscriber.
11. Governing
Law; Jurisdiction; Waiver of Jury Trial
This Agreement shall be governed
by and construed in accordance with the laws of the State of New York for agreements made and to be wholly performed within such state.
The parties hereto hereby waive any right to a jury trial in connection with any litigation pursuant to this Agreement and the transactions
contemplated hereby.
12. Assignment;
Entire Agreement; Amendment
12.1 Assignment.
Neither this Agreement nor any rights hereunder may be assigned by any party to any other person other than by the Subscriber to a person
agreeing to be bound by the terms hereof, including the transfer restrictions contained in Section 7 hereof.
12.2 Entire
Agreement. This Agreement sets forth the entire agreement and understanding between the parties as to the subject matter thereof and
merges and supersedes all prior discussions, agreements and understandings of any and every nature among them.
12.3 Amendment.
Except as expressly provided in this Agreement, neither this Agreement nor any term hereof may be amended, waived, discharged or terminated
other than by a written instrument signed by all of the parties hereto. Any amendment to the terms of the Private Placement Warrants (including,
for the avoidance of doubt, the forfeiture or cancellation thereof) shall require the prior written consent of Cantor. Each of the parties
hereto shall receive notice of any proposed amendment to the terms of the Private Placement Warrants at least two business days prior
to the effective date of such amendment.
7
12.4 Binding
upon Successors. This Agreement shall be binding upon and inure to the benefit of the parties hereto and to their respective heirs,
legal representatives, successors and permitted assigns.
13. Notices
13.1 Notices.
Unless otherwise provided herein, any notice or other communication to a party hereunder shall be sufficiently given if in writing and
personally delivered or sent by facsimile or other electronic transmission with copy sent in another manner herein provided or sent by
courier (which for all purposes of this Agreement shall include Federal Express or other recognized overnight courier) or mailed to said
party by certified mail, return receipt requested, at its address provided for herein or such other address as either may designate for
itself in such notice to the other. Communications shall be deemed to have been received when delivered personally, on the scheduled arrival
date when sent by next day or 2nd-day courier service, or if sent by facsimile upon receipt of confirmation of transmittal or, if sent
by mail, then three days after deposit in the mail. If given by electronic transmission, such notice shall be deemed to be delivered (a)
if by electronic mail, when directed to an electronic mail address at which the recipient has consented to receive notice; (b) if by a
posting on an electronic network together with separate notice to the recipient of such specific posting, upon the later of (1) such posting
and (2) the giving of such separate notice; and (c) if by any other form of electronic transmission, when directed to the recipient.
14. Counterparts
This 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 party, it being understood that both parties need not sign
the same counterpart. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “pdf”
format data file, 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 facsimile or “.pdf” signature page were an original thereof.
15. Survival;
Severability
15.1 Survival.
The representations, warranties, covenants and agreements of the parties hereto shall survive the Closing Date.
15.2 Severability.
In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable
or void, this Agreement shall continue in full force and effect without said provision; provided that no such severability shall be effective
if it materially changes the economic benefit of this Agreement to any party.
16. Headings.
The titles and subtitles used
in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement.
[Signature Page Follows]
8
IN WITNESS WHEREOF, the parties
hereto have executed this Agreement to be effective as of the date first set forth above.
COMPANY:
FUTURECORP SPACE ACQUISITION 1
By:
/s/ Joshua B. Marks
Name:
Joshua B. Marks
Title:
Chief Executive Officer and
Chief Financial Officer
SUBSCRIBER:
CANTOR FITZGERALD & CO.
By:
/s/ Sage Kelly
Name:
Sage Kelly
Title:
Co-Chief Executive Officer & Global Head of Investment Banking
[Signature Page to Private Placement Warrants
Purchase Agreement (Representative)]
EX-10.5 — LETTER AGREEMENT, DATED JUNE 4, 2026, BY AND AMONG THE COMPANY, ITS OFFICERS, DIRECTORS, AND THE SPONSOR
EX-10.5
Filename: ea029400701ex10-5.htm · Sequence: 8
Exhibit 10.5
June 4, 2026
FutureCorp Space Acquisition 1
8605 Santa Monica Blvd., #54207
Los Angeles, CA 90069
Re: Initial Public Offering
Ladies and Gentlemen:
This letter (this “Letter
Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”)
entered into by and among FutureCorp Space Acquisition 1, a Cayman Islands exempted company (the “Company”)
and Cantor Fitzgerald & Co., as representative (the “Representative”) of the underwriters (the “Underwriters”),
relating to an underwritten initial public offering (the “Public Offering”), of up to 23,000,000 of the Company’s
units (including up to 3,000,000 units which may be purchased to cover over-allotments, if any) (the “Units”),
each comprised of one Class A ordinary share, par value $0.0001 per share, of the Company (the “Class A Ordinary Shares”)
and one-half of one redeemable warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof
to purchase one Class A Ordinary Share at a price of $11.50 per share, subject to adjustment. The Units shall be sold in the Public Offering
pursuant to the registration statement on Form S-1 (File No. 333-296040) and prospectus (the “Prospectus”) filed
by the Company with the U.S. Securities and Exchange Commission (the “Commission”) and the Company shall apply
to have the Units listed on the Nasdaq Global Market. Certain capitalized terms used herein are defined in paragraph 11 hereof.
In order to induce the Company
and the Underwriters to enter into the Underwriting Agreement and to proceed with the Public Offering and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, FutureCorp Space Acquisition 1 LLC, a Delaware limited liability
company (the “Sponsor”) and each of the undersigned individuals, each of whom is a member of the Company’s
board of directors and/or management team (each an “Insider” and, collectively, the “Insiders”),
hereby agree with the Company as follows:
1. The
Sponsor and each Insider agree that if the Company seeks shareholder approval of a proposed Business Combination, then in connection with
such proposed Business Combination, it, he or she shall (i) vote all Founder Shares and any shares acquired by it, him or her in the Public
Offering or the secondary public market in favor of such proposed Business Combination, except that it, he or she shall not vote any Class
A Ordinary Shares that it, he or she purchased after the Company publicly announces its intention to engage in such proposed Business
Combination for or against such proposed Business Combination and (ii) not redeem any Class A Ordinary Shares owned by it, him or her
in connection with such shareholder approval. If the Company seeks to consummate a proposed Business Combination by engaging in a tender
offer, the Sponsor and each Insider agrees that it, he or she will not sell or tender any Ordinary Shares owned by it, him or her in connection
herewith.
2. The
Sponsor and each Insider agree that in the event that the Company fails to consummate a Business Combination by the date that is 24 months
after the closing of the Public Offering, or such earlier date as Company’s board of directors may approve, or such later date as
the Company’s shareholders may approve, in each case in accordance with the Company’s amended and restated memorandum and
articles of association, as may be amended from time to time (the “Completion Window” and the “Memorandum
and Articles,” respectively), the Sponsor and each Insider shall take all reasonable steps to cause the Company to (i) cease
all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten (10) business days
thereafter, subject to lawfully available funds therefor, redeem 100% of the Class A Ordinary Shares sold as part of the Units in the
Public Offering (the “Offering Shares”), at a per-share price, payable in cash, equal to the aggregate amount
then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account (which interest shall be net of
taxes payable and less up to $100,000 of interest to pay dissolution expenses), divided by the number of Offering Shares then in issue,
which redemption will completely extinguish the Public Shareholders’ rights as shareholders (including the right to receive further
liquidation distributions, if any), subject to applicable law and (iii) as promptly as reasonably possible following such redemption,
subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate,
subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of creditors and other requirements
of applicable law. The Sponsor and the Insiders agree to not propose any amendment to the Memorandum and Articles not for the purposes
of approving, or in conjunction with the consummation of, a Business Combination (A) to modify the substance or timing of the Company’s
obligation to allow redemption in connection with a Business Combination or to redeem one hundred per cent (100%) of the Offering Shares
if the Company has not consummated a Business Combination within the Completion Window or (B) with respect to any other material provisions
relating to the rights of holders of Class A Ordinary Shares or pre-initial Business Combination activity, unless the Company provides
its Public Shareholders with the opportunity to redeem their Offering Shares upon effectiveness of any such amendment at a per share price,
payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest earned on the Trust Account and
not previously released to the Company to pay its taxes, divided by the number of Offering Shares then in issue, subject to applicable
law. The Sponsor and each Insider acknowledges that it, he or she will not be entitled to rights to liquidating distributions from the
Trust Account with respect to any Founder Shares held by it, him or her if the Company fails to complete a Business Combination within
the Completion Window; although it, he or she will be entitled to liquidating distributions from the Trust Account with respect to any
Offering Shares it, he or she holds if the Company fails to complete a Business Combination within the prescribed time frame. The Sponsor
and each Insider hereby further acknowledge that it, he or she will not be entitled to (a) redemption rights with respect to any Founder
Shares and Offering Shares held by it, him or her, in connection with the consummation of a Business Combination, or (b) redemption rights
with respect to Founder Shares and Offering Shares held by it, him or her in connection with a shareholder vote to amend the Memorandum
and Articles in the manner described above.
3. To
the fullest extent permitted by applicable law and the Memorandum and Articles, the Company hereby agrees to defend, indemnify, hold harmless
and exonerate (including the advancement of expenses to the fullest extent permitted by applicable law) the Sponsor and its members (present
and former), managers and affiliates and their respective present and former officers and directors (each, a “Sponsor Indemnitee”)
from any and all costs, fees, expenses, judgments, liabilities, fines, penalties, reasonable attorneys’ fees and amounts paid in
settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such costs, fees,
expenses, judgments, liabilities, fines, penalties and amounts paid in settlement) actually, and reasonably, incurred by a Sponsor Indemnitee
or on a Sponsor Indemnitee’s behalf in connection with any threatened, pending or completed action, suit, arbitration, mediation,
alternate dispute resolution mechanism, investigation, inquiry, hearing or any other actual, threatened or completed proceeding instituted
by the Company or any third party, whether civil, criminal, administrative or investigative in nature, in respect of any investment opportunities
sourced by a Sponsor Indemnitee for the Company or any liability arising with respect to a Sponsor Indemnitee’s activities in connection
with the affairs of the Company (in each case to the extent that such indemnification, hold harmless and exoneration obligations with
respect to such matters are not expressly covered by a separate written agreement between the Company and the applicable Sponsor Indemnitee);
provided, that in no event shall a Sponsor Indemnitee be entitled to be indemnified or held harmless hereunder in respect of any
costs, fees, expenses, judgments, liabilities, fines, penalties and amounts paid in settlement (if any) that a Sponsor Indemnitee may
incur by reason of such person’s own actual fraud or intentional misconduct; provided, further, that, for the avoidance
of doubt, under no circumstance shall a Sponsor Indemnitee have a claim to any monies or assets held in the Trust Account, and the Company
shall not be permitted to procure monies or assets held in the Trust Account for the satisfaction of its obligations to any Sponsor Indemnitee
in respect of the indemnification provided hereunder. The Sponsor Indemnitees shall be third party beneficiaries of this paragraph.
4. During
the period commencing on the effective date of the Underwriting Agreement and ending 180 days after such date, the undersigned shall not,
without the prior written consent of the Representative, (i) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant
any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, or establish or increase a put equivalent
position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934,
as amended, and the rules and regulations of the Commission promulgated thereunder, any Units, Class A Ordinary Shares, the Company’s
Class B ordinary shares, par value $0.0001 per share (the “Class B Ordinary Shares” and, together with the Class
A Ordinary Shares, the “Ordinary Shares”), Warrants or any securities convertible into, or exercisable, or exchangeable
for, Class A Ordinary Shares owned by him, her or it; provided, however, that the foregoing shall not apply to transfers
to the Sponsor by the Insiders, (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the
economic consequences of ownership of any Units, Class A Ordinary Shares, Founder Shares, Warrants or any securities convertible into,
or exercisable, or exchangeable for, Class A Ordinary Shares owned by him, her or it, whether any such transaction is to be settled by
delivery of such securities, in cash or otherwise or (iii) publicly announce any intention to effect any transaction specified in clause
(i) or (ii). If the undersigned is an officer or director of the Company, the undersigned further agrees that the forgoing restrictions
shall be equally applicable to any issuer-directed Units that the undersigned may purchase in the Public Offering.
2
5. In
the event of the liquidation of the Trust Account, the Sponsor (which for purposes of clarification shall not extend to any officer, member
or manager of the Sponsor) agrees to indemnify and hold harmless the Company against any and all loss, liability, claim, damage and expense
whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending
against any litigation, whether pending or threatened, or any claim whatsoever) to which the Company may become subject as a result of
any claim by (i) any third party (other than the Company’s independent public accountants) for services rendered or products sold
to the Company or (ii) a prospective target business with which the Company has entered into a letter of intent, confidentiality or other
similar agreement or business combination agreement (a “Target”); provided, however, that such
indemnification of the Company by the Sponsor shall apply only to the extent necessary to ensure that such claims by a third party for
services rendered (other than the Company’s independent public accountants) or products sold to the Company or a Target do not reduce
the amount of funds in the Trust Account to below (A) $10.00 per share of the Offering Shares or (B) such lesser amount per share of the
Offering Shares held in the Trust Account as of the date of the liquidation of the Trust Account due to reductions in the value of the
trust assets, in each case including interest earned on the funds held in the Trust Account and net of taxes payable, except as to any
claims by a third party or Target that executed an agreement waiving claims against and all rights to seek access to the Trust Account
whether or not such agreement is enforceable. In the event that any such executed waiver is deemed to be unenforceable against such third
party, the Sponsor shall not be responsible for any liability as a result of any such third-party claims. Notwithstanding any of the foregoing,
such indemnification of the Company by the Sponsor shall not apply as to any claims under the Company’s obligation to indemnify
the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities
Act”). The Sponsor shall have the right to defend against any such claim with counsel of its choice reasonably satisfactory
to the Company if, within fifteen (15) days following written receipt of notice of the claim to the Sponsor, the Sponsor notifies the
Company in writing that it shall undertake such defense.
6. To
the extent that the Underwriters do not exercise their over-allotment option to purchase an additional 3,000,000 Units (as described in
the Prospectus), the Sponsor agrees, upon the expiration or waiver of such option, to forfeit and surrender for no consideration for cancellation,
a number of Founder Shares equal to the product of 750,000 multiplied by a fraction, (i) the numerator of which is 3,000,000 minus the
number of Units purchased by the Underwriters upon the exercise of their over-allotment option, and (ii) the denominator of which is 3,000,000.
The forfeiture and surrender will be adjusted to the extent that the over-allotment option is not exercised in full by the Underwriters
so that the Founder Shares will represent 20% of the Company’s issued and outstanding Ordinary Shares after the Public Offering.
The Sponsor further agrees that to the extent that the size of the Public Offering is increased or decreased and the Sponsor has either
purchased or sold Ordinary Shares or an adjustment to the number of Founder Shares has been effected by way of a share dividend or share
capitalization, or a surrender for no consideration or share contribution back to capital, or otherwise, in each case in connection with
such increase or decrease in the size of the Public Offering, then (A) the references to 3,000,000 in the numerator and denominator of
the formula in the first sentence of this paragraph 6 shall be changed to a number equal to 15% of the number of Class A Ordinary Shares
included in the Units issued in the Public Offering and (B) the reference to 750,000 in the formula set forth in the first sentence of
this paragraph 6 shall be adjusted to such number of Founder Shares that the Sponsor would have to collectively return to the Company
in order for all holders of Founder Shares to hold an aggregate of 20% of the Company’s issued and outstanding Ordinary Shares after
the Public Offering.
7. The
Sponsor and each Insider hereby agrees and acknowledges that: (i) each of the Underwriters and the Company would be irreparably injured
in the event of a breach by the Sponsor of its obligations (as applicable) under paragraphs 1, 2, 4, 5, 6, 8(a) and 8(b) or by each Insider
of its obligations under paragraphs 1, 2, 4, 8(a) and 8(b), (ii) monetary damages may not be an adequate remedy for such breach and (iii)
the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in
equity, in the event of such breach.
3
8. Transfer
Restrictions.
(a) Subject
to the exceptions set forth herein, the Sponsor and each Insider agree not to Transfer any Founder Shares or the Class A Ordinary Shares
issuable upon conversion of the Founder Shares held by it, him or her until the earlier of (i) one year after the completion of a Business
Combination or earlier if, subsequent to a Business Combination, the closing price of the Class A Ordinary Shares equals or exceeds $12.00
per share (as adjusted for share sub-divisions, share consolidations, share capitalizations, reorganizations, recapitalizations and the
like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Business Combination and (ii) subsequent
to a Business Combination, the date on which the Company consummates a subsequent liquidation, merger, share exchange or other similar
transaction which results in all of the Company’s shareholders having the right to exchange their Class A Ordinary Shares for cash,
securities or other property (the “Lock-up”).
(b) Subject
to the exceptions set forth herein, the Sponsor and each Insider agree not to Transfer any Private Placement Warrants (including the Class
A Ordinary Shares issuable upon exercise of the Private Placement Warrants) held by it, he or she until thirty (30) days after the completion
of a Business Combination.
(c) Notwithstanding
the provisions set forth in paragraphs 8(a) and 8(b), transfers of the Founder Shares (including the Class A Ordinary Shares issued or
issuable upon the conversion of the Founder Shares) and Private Placement Warrants (including the Class A Ordinary Shares issuable upon
exercise of the Private Placement Warrants) that are held by the Sponsor, any Insider or any of their permitted transferees, as applicable
(that have complied with any applicable requirements of this paragraph 8(c)), are permitted (i) to the Company’s or the Representative’s
officers, directors, advisors or consultants, any affiliate or family member of any of the Company’s or the Representative’s
officers, directors, advisors or consultants, any members or partners of the Sponsor or their affiliates and funds and accounts advised
by such members or partners, any affiliates of the Sponsor, or any employees of such affiliates, (ii) in the case of an individual, as
a gift to such person’s immediate family or to a trust, the beneficiary of which is a member of such person’s immediate family,
an affiliate of such person or to a charitable organization; (iii) in the case of an individual, by virtue of laws of descent and distribution
upon death of such person; (iv) in the case of an individual, pursuant to a qualified domestic relations order; (v) by private sales or
transfers made in connection with any forward purchase agreement or similar arrangement, in connection with an extension of the Completion
Window or in connection with the consummation of a Business Combination at prices no greater than the price at which the shares or warrants
were originally purchased; (vi) pro rata distributions from the Sponsor or the Representative to their respective members, partners or
shareholders pursuant to the Sponsor’s or the Representative’s limited liability company agreement or other charter documents;
(vii) by virtue of the laws of the Cayman Islands or the Sponsor’s limited liability company agreement upon dissolution of the Sponsor
or upon dissolution of the Representative, (viii) in the event of the Company’s liquidation prior to consummation of a Business
Combination; (ix) in the event that, subsequent to the consummation of a Business Combination, the Company completes a liquidation, merger,
share exchange or other similar transaction which results in all of its shareholders having the right to exchange their Class A ordinary
shares for cash, securities or other property or (x) to a nominee or custodian of a person or entity to whom a transfer would be permissible
under clauses (i) through (vii); provided, however, that, in the case of clauses (i) through (vii), these permitted transferees
must enter into a written agreement agreeing to be bound by these transfer restrictions herein and the other restrictions contained in
this Agreement (including provisions relating to voting, the Trust Account and liquidating distributions).
9. Each
Insider’s biographical information furnished to the Company and the Representative that is included in the Prospectus is true and
accurate in all respects and does not omit any material information with respect to such Insider’s background and contains all of
the information required to be disclosed pursuant to Item 401 of Regulation S-K, promulgated under the Securities Act. Each Insider’s
questionnaire furnished to the Company and the Representative including any such information that is included in the Prospectus is true
and accurate in all respects. Each Insider represents and warrants that: (i) such Insider is not subject to or a respondent in any legal
action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating to the
offering of securities in any jurisdiction; (ii) such Insider has never been convicted of, or pleaded guilty to, any crime (A) involving
fraud, (B) relating to any financial transaction or handling of funds of another person or (C) pertaining to any dealings in any securities
and such Insider is not currently a defendant in any such criminal proceeding; and (iii) none of the Sponsor or any such Insider has ever
been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities
license or registration denied, suspended or revoked.
4
10. The
Sponsor and each Insider has full right and power, without violating any agreement to which it, he or she is bound (including, without
limitation, any non-competition or non-solicitation agreement with any employer or former employer), to enter into this Letter Agreement
and, as applicable, to serve as an officer of the Company or as a director on the board of directors of the Company and each Insider hereby
consents to being named in the Prospectus as an officer and/or director of the Company, as applicable.
11. As
used herein, (i) “Business Combination” shall mean a merger, amalgamation, share exchange, asset acquisition,
share purchase, reorganization or similar business combination, involving the Company and one or more businesses or entities; (ii) “Founder
Shares” shall mean the Class B Ordinary Shares held by the Sponsor prior to the consummation of the Public Offering; (iii)
“Private Placement Warrants” shall mean the 6,000,000 private placement warrants (including if the underwriters’
over-allotment option is exercised in full) that the Representative and Sponsor have agreed to purchase for an aggregate purchase price
of $6,000,000 (including if the underwriters’ over-allotment option is exercised in full), or $1.00 per warrant, in a private placement
that shall occur simultaneously with the consummation of the Public Offering; (iv) “Public Shareholders” shall
mean the holders of Offering Shares other than the Sponsor and the Insiders; (v) “Trust Account” shall mean
the trust fund into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Warrants shall be
deposited and (vi) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate,
pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or
increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section
16 of the Exchange Act, and the rules and regulations of the Commission promulgated thereunder with any respect to, any security, (b)
entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership
of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement
of any intention to effect any transaction specified in clause (a) or (b).
12. This
Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and
supersedes all prior understandings, agreements or representations by or among the parties hereto, written or oral, to the extent they
relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended,
modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed
by all parties hereto. Each of the parties hereto hereby acknowledges and agrees that each Representative is a third-party beneficiary
of this Letter Agreement.
13. No
party hereto may assign either this Letter Agreement or any of its rights, interests or obligations hereunder without the prior written
consent of the other parties. Any purported assignment in violation of this paragraph 13 shall be void and ineffectual and shall not operate
to transfer or assign any interest or title to the purported assignee. This Letter Agreement shall be binding on the Sponsor, each Insider
and each of their respective successors, heirs and assigns and permitted transferees.
14. This
Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving
effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The parties
hereto (i) all agree that any action, proceeding, claim or dispute arising out of, or relating in any way to, this Letter Agreement shall
be brought and enforced in the courts of the State of New York located in the City and County of New York, Borough of Manhattan, and irrevocably
submit to such jurisdiction and venue, which jurisdiction and venue shall be exclusive and (ii) waive any objection to such exclusive
jurisdiction and venue or that such courts represent an inconvenient forum.
15. Any
notice, consent or request to be given in connection with any of the terms or provisions of this Letter Agreement shall be in writing
and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or
facsimile transmission.
16. This
Letter Agreement shall terminate on the earlier of (i) the expiration of the Lock-up or (ii) the liquidation of the Company; provided,
however, that this Letter Agreement shall earlier terminate in the event that the Public Offering is not consummated and closed
by June 8, 2026; provided, further, that paragraph 5 of this Letter Agreement shall survive such liquidation.
[Signature Page Follows]
5
Sincerely,
FUTURECORP SPACE ACQUISITION 1 LLC, a Delaware limited liability
company
MANAGING MEMBER:
Pubco Acquisition Corp LLC, its sole member
By: FutureCorp LLC, its sole member
By:
/s/ Joshua Marks
Name:
Joshua Marks
Title:
Manager
[Signature Page to Letter Agreement]
6
INSIDERS:
Name:
/s/ Sudhin Shahani
Sudhin Shahani
Name:
/s/ Joshua Marks
Joshua Marks
Name:
/s/ David Anderman
David Anderman
Name:
/s/ Shawn Pelsinger
Shawn Pelsinger
Name:
/s/ John Tuttle
John Tuttle
[Signature Page to Letter Agreement]
7
Acknowledged and Agreed:
FUTURECORP SPACE ACQUISITION 1
By:
/s/ Joshua B. Marks
Name:
Joshua B. Marks
Title:
Chief Executive Officer and Chief Financial Officer
[Signature Page to Letter Agreement]
8
EX-10.7 — ADMINISTRATIVE SERVICES AGREEMENT, DATED JUNE 4, 2026, BY AND BETWEEN THE COMPANY AND FUTURECORP SPACE ACQUISITION 1 LLC
EX-10.7
Filename: ea029400701ex10-7.htm · Sequence: 9
Exhibit 10.7
FutureCorp Space Acquisition 1
8605 Santa Monica Blvd.
#54207
Los Angeles, California 90069
June 4, 2026
FutureCorp Space Acquisition 1 LLC
c/o FutureCorp Space Acquisition 1
8605 Santa Monica Blvd., #54207
Los Angeles, California 90069
Re: Administrative Services Agreement
Ladies and Gentlemen:
This letter agreement by and between FutureCorp
Space Acquisition 1 (the “Company”) and FutureCorp Space Acquisition 1 LLC (the “Sponsor”), dated as of the date
hereof, will confirm our agreement that, commencing on the closing date of the initial public offering of securities of the Company (the
“Closing Date”), pursuant to a Registration Statement on Form S-1 and prospectus filed with the Securities and Exchange Commission
(the “Registration Statement”) and continuing until the earlier of (i) the consummation by the Company of an initial business
combination or (ii) the Company’s liquidation (in each case as described in the Registration Statement) (such earlier date hereinafter
referred to as the “Termination Date”):
(i) Sponsor shall make available to the Company,
office space, utilities, secretarial and administrative support, and other related services rendered to members of the Company’s
management team prior to the consummation of the Company’s initial business combination. In exchange therefor, the Company shall
pay Sponsor the sum of $20,000 per month on an accrual basis, commencing on the Closing Date and continuing monthly thereafter until the
Termination Date on an accrual basis;
(ii) All amounts accrued hereunder shall only
be payable upon the successful completion of the Company’s initial business combination, as described in the Registration Statement;
and
(iii) Except as described herein, Sponsor hereby
irrevocably waives any and all right, title, interest, causes of action and claims of any kind as a result of, or arising out of, this
letter agreement (each, a “Claim”) in or to, and any and all right to seek payment of any amounts due to it out of, the trust
account established for the benefit of the public shareholders of the Company and into which substantially all of the proceeds of the
Company’s initial public offering will be deposited (the “Trust Account”), and hereby irrevocably waives any Claim it
may have in the future, which Claim would reduce, encumber or otherwise adversely affect the Trust Account or any monies or other assets
in the Trust Account, and further agrees not to seek recourse, reimbursement, payment or satisfaction of any Claim against the Trust Account
or any monies or other assets in the Trust Account for any reason whatsoever.
This letter agreement constitutes the entire agreement
and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings, agreements, or representations
by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions
contemplated hereby.
This letter agreement may not be amended, modified
or waived as to any particular provision, except by a written instrument executed by the parties hereto.
No party hereto may assign either this letter
agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other party. Any purported
assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title
to the purported assignee.
This letter agreement constitutes the entire relationship
of the parties hereto, and any litigation between the parties (whether grounded in contract, tort, statute, law or equity) shall be governed
by, construed in accordance with, and interpreted pursuant to the laws of the State of New York, without giving effect to its choice of
laws principles.
This letter agreement may be executed in one or
more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and
the same letter agreement.
[Signature Page Follows]
Very truly yours,
FUTURECORP SPACE ACQUISITION 1
By:
/s/ Joshua B. Marks
Name:
Joshua B. Marks
Title:
Chief Executive Officer and Chief Financial Officer
AGREED TO AND ACCEPTED BY: FUTURECORP SPACE ACQUISITION 1 LLC
MANAGING MEMBER:
PUBCO ACQUISITION CORP LLC
By:
FUTURECORP LLC, its Sole Member
By:
/s/ Joshua Marks
Name:
Joshua Marks
Title:
Manager
[Signature Page to Administrative Services
Agreement]
EX-99.1 — PRESS RELEASE, DATED JUNE 4, 2026
EX-99.1
Filename: ea029400701ex99-1.htm · Sequence: 10
Exhibit 99.1
FutureCorp Space Acquisition 1 Announces Pricing of $200,000,000
Initial Public Offering
New York, NY, June 04, 2026 (GLOBE NEWSWIRE) -- FutureCorp
Space Acquisition 1 (the “Company”) announced today the pricing of its initial public offering of 20,000,000 units at a price
of $10.00 per unit. The units are expected to be listed on The New York Stock Exchange LLC (“NYSE”) and begin trading on June
5, 2026, under the ticker symbol “FTRAU.” Each unit consists of one Class A ordinary share and one-half of one redeemable
warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject
to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. An amount
equal to $10.00 per unit will be deposited into a trust account upon the closing of the offering. Once the securities constituting the
units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NYSE under the symbols “FTRA”
and “FTRAW,” respectively. The offering is expected to close on June 8, 2026, subject to customary closing conditions. The
Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price
to cover over-allotments, if any.
The Company is a blank check company formed for the purpose of effecting
a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or
more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution.
The Company’s primary focus will be on companies in the global space economy and adjacent industries, including space manufacturing
and component supply chains, launch platforms, in-orbit services and habitats, in-orbit computing and manufacturing, space-based telecommunications
and Earth observation, and defense-related activities.
The Company’s management team is led by Joshua B. Marks, its
Chief Executive Officer and Chief Financial Officer, Matthew A. Long, the General Counsel, and Sudhin R. Shahani, the Chairman of the
Board of Directors (the “Board”). The Board also includes David J. Anderman, Shawn K. Pelsinger, and John R. Tuttle.
Cantor Fitzgerald & Co. is acting as sole book-running manager
for the offering.
The offering is being made only by means of a prospectus. When available,
copies of the prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, New York, NY 10022,
or by email at prospectus@cantor.com, or
by accessing the SEC’s website, www.sec.gov.
A registration statement relating to the securities has been filed
with the U.S. Securities and Exchange Commission (“SEC”) and became effective on June 4, 2026. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any
such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking
statements,” including with respect to the expected closing of the proposed initial public offering and search for an initial business
combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s
registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are
available on the SEC’s website, www.sec.gov. The
Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required
by law.
Investor Contacts
FutureCorp Space Acquisition I
desk@futurecorp.vc
Attn: Joshua B. Marks; Sudhin R. Shahani
EX-99.2 — PRESS RELEASE, DATED JUNE 8, 2026
EX-99.2
Filename: ea029400701ex99-2.htm · Sequence: 11
Exhibit 99.2
FutureCorp Space Acquisition 1 Completes $230,000,000 Initial Public
Offering
New York, NY, June 08, 2026 (GLOBE NEWSWIRE) -- FutureCorp
Space Acquisition 1 (the “Company”) announced today the closing of its initial public offering of 23,000,000 units, which
includes 3,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was
priced at $10.00 per unit, resulting in gross proceeds of $230,000,000. The Company’s units began trading on June 5, 2026 on The
New York Stock Exchange (“NYSE”) under the ticker symbol “FTRAU.” Each unit consists of one Class A ordinary share
of the Company and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary
share of the Company at an exercise price of $11.50 per share, subject to certain adjustment. No fractional warrants will be issued upon
separation of the units and only whole warrants will trade. Once the securities constituting the units begin separate trading, the Class
A ordinary shares and warrants are expected to be listed on NYSE under the symbols “FTRA” and “FTRAW,” respectively.
Of the proceeds received from the consummation of the initial public offering (including the exercise of the over-allotment option) and
a simultaneous private placement of warrants, $230,000,000 (or $10.00 per unit sold in the offering) was placed in trust.
The Company is a blank check company formed for the purpose of effecting
a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or
more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution.
The Company’s primary focus will be on companies in the global space economy and adjacent industries, including space manufacturing
and component supply chains, launch platforms, in-orbit services and habitats, in-orbit computing and manufacturing, space-based telecommunications
and Earth observation, and defense-related activities.
The Company’s management team is led by Joshua B. Marks, its
Chief Executive Officer and Chief Financial Officer, Matthew A. Long, the General Counsel, and Sudhin R. Shahani, the Chairman of the
Board of Directors (the “Board”). The Board also includes David J. Anderman, Shawn K. Pelsinger, and John R. Tuttle.
Cantor Fitzgerald & Co. acted as sole book-running manager for
the offering.
A registration statement relating to the securities was declared effective
by the U.S. Securities and Exchange Commission (the “SEC”) on June 4, 2026. The offering has been made only by means of a
prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, New
York, New York 10022; Email: prospectus@cantor.com.
Copies of the registration statement can be accessed through the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking
statements” including with respect to the search for an initial business combination. No assurance can be given that the net proceeds
of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s
registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are
available on the SEC’s website, www.sec.gov.
The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required
by law.
Investor Contacts
FutureCorp Space Acquisition 1
desk@futurecorp.vc
Attn: Joshua B. Marks; Sudhin R. Shahani
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- Definition
Code for the postal or zip code
+ References
No definition available.
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- Definition
Name of the state or province.
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No definition available.
+ Details
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 7A
-Section B
-Subsection 2
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- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
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Data Type:
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Balance Type:
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Period Type:
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X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
Local phone number for entity.
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No definition available.
+ Details
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
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Data Type:
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- Definition
Title of a 12(b) registered security.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
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- Definition
Name of the Exchange on which a security is registered.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
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- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
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Period Type:
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
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