Form 8-K

8-K — Inflection Point Acquisition Corp. V

Accession: 0001213900-26-103669

Filed: 2026-09-28

Period: 2026-09-24

CIK: 0002028355

SIC: 6770 (BLANK CHECKS)

Item: Entry into a Material Definitive Agreement

Item: Completion of Acquisition or Disposition of Assets

Item: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item: Unregistered Sales of Equity Securities

Item: Material Modifications to Rights of Security Holders

Item: Changes in Control of Registrant

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: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — ea0306567-8k_inflection5.htm (Primary)

EX-10.1 — REGISTRATION RIGHTS AGREEMENT DATED SEPTEMBER 25, 2026, AMONG GOWELL ENERGY TECHNOLOGY, INFLECTION POINT ACQUISITION CORP. V, AND OTHER PARTIES THERETO (ea030656701ex10-1.htm)

EX-99.1 — PRESS RELEASE (ea030656701ex99-1.htm)

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8-K — CURRENT REPORT

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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):

September 24, 2026

INFLECTION POINT ACQUISITION CORP. V

(Exact name of registrant as specified in its

charter)

Cayman Islands

001-42518

N/A

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

167 Madison Ave, Suite 205 #1017

New York, NY 10016

(Address of principal executive offices, including

zip code)

212-476-6908

(Registrant’s telephone number, including

area code)

Not Applicable

(Former name or former address, if changed since last report)

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))

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 right

IPEXU

The Nasdaq Stock Market LLC

Class A ordinary shares, par value $0.0001 per share

IPEX

The Nasdaq Stock Market LLC

Rights, each right entitling the holder to receive one-fifth (1/5) of one Class A ordinary share upon the completion of the Company’s initial business combination

IPEXR

The Nasdaq Stock Market LLC

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. ☐

INTRODUCTORY NOTE

On September 24, 2026 and September 25, 2026,

Inflection Point Acquisition Corp. V, a Cayman Islands exempted company ( “SPAC”) consummated its previously

announced business combination (the “Business Combination”) pursuant to the terms of the business combination

agreement (the “Business Combination Agreement”), dated as of October 13, 2025 (as amended by Amendment to the

Business Combination Agreement, dated as of December 22, 2025, Second Amendment to the Business Combination Agreement, dated as of July

13, 2026, and Third Amendment to Business Combination Agreement, dated as of August 31, 2026) with GOWell Technology Limited, a Cayman

Islands exempted company (the “GOWell”), GOWell Energy Technology, a Cayman Islands exempted company (“PubCo”),

and IPCV Merger Sub Limited, a Cayman Islands exempted company (“Merger Sub”).

Pursuant to the Business Combination Agreement,

(a) on September 24, 2026, SPAC has merged with and into PubCo, as a result of which the separate corporate existence of SPAC ceased and

PubCo continued as the surviving company (the “First Merger” and the time of the First Merger, the “First

Merger Effective Time”), and (b) on September 25, 2026, Merger Sub merged with and into GOWell, as a result of which the

separate corporate existence of Merger Sub ceased and GOWell continued as the surviving company and a wholly-owned direct subsidiary of

PubCo (the “Second Merger” and the time of the Second Merger, the “Second Merger Effective Time”).

Pursuant to the Business Combination Agreement,

prior to the First Merger:

(1) each unit of SPAC (“SPAC Unit”) that was issued and outstanding automatically

detached into one Class A ordinary share, par value $0.0001, of SPAC (a “SPAC Class A Share”) and

one right entitling the holder to one-fifth of one SPAC Class A Share upon the completion of SPAC’s initial business combination

(a “SPAC Right”) (the separation of the SPAC Units into SPAC Class A Shares and SPAC Rights, the “Unit

Separation”);

(2) each Class B Ordinary Share, par value $0.0001 per share, of the SPAC that was issued and outstanding

automatically converted into one SPAC Class A Share (the “SPAC Class B Conversion”); and

(3) each SPAC Right that was issued and outstanding automatically exchanged for one-fifth of one SPAC Class A

Share, with all fractional shares rounded down.

At the First Merger Effective Time, after giving

effect to the Unit Separation, the SPAC Class B Conversion, and the exchange of the SPAC Rights pursuant to their terms:

(1) SPAC effected the redemption of the SPAC Class A Shares issued as part of the SPAC Units issued

in SPAC’s initial public offering (the “IPO,” and the SPAC Class A Shares issued therein, the “Public

Shares”) that were validly submitted for redemption and not withdrawn;

(2) each SPAC Class A Share (including the SPAC Class A Shares issued upon the Unit Separation,

SPAC Class B Conversion, and upon exchange of the SPAC Rights, but not including any treasury shares, dissenting shares and Public

Shares validly submitted for redemption and not withdrawn), which was issued and outstanding immediately prior to the First Merger Effective

Time, was converted into the right to receive one ordinary share, par value $0.0001 per share, of PubCo (each, a “PubCo Ordinary

Share”); and

(3) each PubCo Ordinary Share that was issued and outstanding immediately prior to the First Merger Effective

Time was irrevocably surrendered by the PubCo Sole Shareholder to PubCo for cancellation and for consideration equal to the subscription

price that the PubCo Sole Shareholder paid for such PubCo Ordinary Share.

At the Second Merger Effective Time:

(1) each ordinary share, par value $0.0001 per share, of GOWell (each, a “GOWell Ordinary Share”)

that was issued and outstanding immediately prior to the Second Merger Effective Time was converted into the right to receive a number

of PubCo Ordinary Shares equal to (i) that number of PubCo Ordinary Shares determined by dividing (x) $300,000,000 by (y) the

price at which each Public Share may be redeemed (the “Redemption Price”), which, for purposes of this calculation

pursuant to the Business Combination Agreement was subject to a cap of $10.50 per share; divided by (ii) the total

number of GOWell Ordinary Shares issued and outstanding immediately prior to the Second Merger Effective Time;

(2) each series A redeemable preference share, par value $0.0001, of GOWell (each, a “GOWell Preferred

Share”, and a holder of such shares, a “GOWell Preferred Shareholder”) that was issued and outstanding

immediately prior to the Second Merger Effective Time was converted into the right to receive a number of series A redeemable preference

shares, par value $0.0001 per share, of PubCo equal to (i) the sum of (x) the aggregate amount, including any nominal value

and any premium, paid or deemed to be paid to GOWell by or on behalf of the applicable GOWell Preferred Shareholder in connection with

the issuance of such GOWell Preferred Share, and (y) any unpaid arrears of dividends or other amounts payable (including PIK dividends)

in respect of such GOWell Preferred Share, divided by (ii) the Redemption Price;

(3) each warrant to purchase GOWell Ordinary Shares that was issued and outstanding immediately prior to the

Second Merger Effective Time was converted into the right to receive a warrant exercisable for a number of PubCo Ordinary Shares equal

to the product of (A) the quotient of (x) the aggregate Stated Value (as such term is defined in GOWell’s amended and restated memorandum

and articles of association in effect immediately prior to the Second Merger (the “GOWell Articles”)) attributable

to the applicable PIPE Investor’s GOWell Preferred Shares immediately prior to the Second Merger, divided by (y) the Conversion

Price (as such term is defined in the GOWell Articles) applicable to such GOWell Preferred Share, multiplied by (B) 0.5;

(4) each GOWell Ordinary Share subject to vesting, forfeiture, or other restrictions (each, a “GOWell

Restricted Share”) that was outstanding and unvested immediately prior to the Second Merger Effective Time was automatically

assumed and converted into one PubCo Ordinary Share subject to vesting, forfeiture, or other restrictions (each, a “PubCo

Restricted Share”) on the same terms and conditions as were in effect with respect to each such award of GOWell Restricted

Shares immediately prior to the Second Merger Effective Time; and

(5) each ordinary share, par value $1.00 per share, of Merger Sub that was issued and outstanding immediately

prior to the Second Merger Effective Time was automatically converted into and become one validly issued, fully paid and non-assessable

ordinary share of GOWell.

As a result of the Business Combination, SPAC’s

securityholders became securityholders of PubCo. The PubCo ordinary shares will begin trading on The Nasdaq Stock Market LLC (“Nasdaq”)

under the ticker symbol “GOW” on September 28, 2026.

Capitalized terms used but not otherwise defined

in this Current Report on Form 8-K have the meaning set forth in the Business Combination Agreement. The description of the Business Combination

Agreement and related transactions (including, without limitation, the Business Combination) in this Current Report on Form 8-K does not

purport to be complete and is subject, and qualified in its entirety by reference to, the full text of the Business Combination Agreement,

which is attached as Annex A to the definitive proxy statement on Schedule 14A filed by SPAC with the U.S. Securities and

Exchange Commission (the “SEC”) on August 12, 2026, as supplemented by the disclosures set forth in the Current

Report on Form 8-K filed by SPAC with the SEC on August 31, 2026 (collectively, the “Proxy Statement”).

Item 1.01. Entry into a Material Definitive Agreement.

The information set forth in the

Introductory Note of this Current Report on Form 8-K is incorporated herein by reference in its entirety.

On September 25, 2026, in connection with

the Closing, PubCo, Hegro, the Sponsors, Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC,

Seaport Global Securities LLC, SPAC, the PIPE Investors, and the other parties signatory thereto (each, a

“Holder”) entered into a Registration Rights Agreement (the “New Registration Rights

Agreement”), pursuant to which PubCo will, from time to time, register for resale the PubCo Ordinary Shares held by

the Holders immediately following the Closing, any PubCo Ordinary Shares that may be acquired upon the exercise, conversion, or

redemption of any derivative security held by the Holders immediately following the Closing, any equity securities that are

“restricted securities” or held by an “affiliate” (each as defined in Rule 144 under the Securities

Act), any of the PubCo Restricted Shares which were granted to Holders, and any other equity security issued in a share dividend,

share split, or similar transaction.

The foregoing description of the New Registration

Rights Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the New Registration

Rights Agreement, a copy of which is included as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 2.01. Completion of Acquisition or Disposition of Assets.

The information set forth in the

Introductory Note of this Current Report on Form 8-K is incorporated herein by reference in its entirety.

As previously disclosed, in connection with the

extraordinary general meeting of the shareholders of SPAC, which extraordinary general meeting was held on September 3, 2026 (the “Extraordinary

General Meeting”), the holders of the Public Shares issued as part of the IPO had the right to elect to redeem all

or a portion of their Public Shares for a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust

account established in connection with the IPO. An aggregate of 1,055,858 Public Shares were redeemed in connection with the Business

Combination, at a per share price of approximately $10.63, for an aggregate redemption payment of approximately $11 million.

PubCo is a foreign private issuer. The information that would be required

by Item 2.01(f) of Form 8-K with respect to PubCo following the Business Combination will be included in a shell company report on Form

20-F to be filed by PubCo with the SEC within four business days following the Closing.

Item 3.01. Notice of Delisting or Failure to

Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

The information set forth in the Introductory

Note of this Current Report on Form 8-K is incorporated by reference herein in its entirety.

On September 25, 2026, in connection with the

consummation of the Business Combination, PubCo, as successor by merger to SPAC, notified Nasdaq that the Business Combination had become

effective and requested that Nasdaq (i) suspend trading of the SPAC units, Class A ordinary shares, and rights effective as of the

close of trading on September 25, 2026 and (ii) file with the SEC a Notification of Removal from Listing and/or Registration under

Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), on Form 25 to delist

SPAC’s units, Class A ordinary shares, and rights under Section 12(b) of the Exchange Act. PubCo, as successor by merger to

SPAC, intends to file a certification on Form 15 with the SEC in order to complete the deregistration of SPAC’s securities and suspend

SPAC’s reporting obligations under Sections 13 and 15(d) of the Exchange Act.

Item 3.02. Unregistered Sales of Equity Securities.

The information set forth in the Introductory

Note of this Current Report on Form 8-K is incorporated herein by reference in its entirety.

At the Second Merger Effective Time, in

consideration for the Second Merger, PubCo issued 33,446,251 PubCo Ordinary Shares to the former holders of GOWell Ordinary Shares and certain other persons,

5,602,241 GOWell Preferred Share to the former GOWell Preferred Shareholders, and warrants exercisable for

2,450,980 PubCo Ordinary Shares to the former holders of warrants to purchase GOWell Ordinary Shares. Such securities were not

registered under the Securities Act of 1933, as amended (the “Securities Act”), and were issued in

reliance upon the exemptions from registration provided by Section 4(a)(2) of the Securities Act and/or Regulation S promulgated

thereunder.

Item 3.03. Material Modification to Rights

of Security Holders.

The information set forth in the Introductory

Note and Items 2.01 and 3.01 above and Items 5.01 and 5.03 below of this Current Report on Form 8-K is incorporated by reference into this Item 3.03.

Item 5.01. Changes in Control of Registrant.

The information set forth in the

Introductory Note of this Current Report on Form 8-K is incorporated herein by reference in its entirety.

At the time of the First Merger and as a result

of the Business Combination, SPAC merged with and into PubCo, as a result of which the separate corporate existence of SPAC ceased and

PubCo continued as the surviving company.

Item 5.02. Departure of Directors or Certain

Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The information set forth in the

Introductory Note of this Current Report on Form 8-K is incorporated herein by reference in its entirety.

In connection with the consummation of the Business

Combination, each of Michael Blitzer, Zikang Wu, Kevin Shannon, William Denkin, Steven Tannenbaum, and Carolyn Trabuco ceased to be a

director and/or officer of SPAC.

Following the consummation of the Business Combination,

Xi Zhang, Wenhua Liu, Guillaume Borrel, Kevin Shannon, Anna Jones, Wendy Hayes, and Imran Kizilbash were appointed to serve as directors

of PubCo, and the board of directors of PubCo appointed the following officers: Guillaume Borrel as Chief Executive Officer, Adrian Mendoza

as Chief Operating Officer, Mike Reed as Chief Financial Officer, Kevin Colby as General Counsel, and Sébastien Roche as Chief

Technology Officer.

Item 5.03. Amendments to Articles of Incorporation

or Bylaws; Change in Fiscal Year.

The information set forth in the

Introductory Note of this Current Report on Form 8-K is incorporated herein by reference in its entirety.

In connection with the consummation of the Business

Combination, SPAC has ceased to exist and PubCo continued as the surviving entity from and after the effective time of the First Merger.

PubCo adopted the amended and restated memorandum and articles of association of PubCo which is substantially in the form as described

in the Proxy Statement.

Item 7.01. Regulation FD Disclosure.

On September 25, 2026, SPAC and GOWell issued

a joint press release announcing the closing of the Business Combination. The press release is furnished hereto as Exhibit 99.1 and incorporated

by reference into this Item 7.01.

The foregoing (including Exhibit 99.1) is being

furnished pursuant to Item 7.01 and will not be deemed to be filed for purposes of Section 18 of the Exchange Act, or otherwise be subject

to the liabilities of that section, nor will it be deemed to be incorporated by reference in any filing under the Securities Act or the

Exchange Act.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.

Description of Exhibits

10.1

Registration Rights Agreement dated September 25, 2026, among GOWell Energy Technology, Inflection Point Acquisition Corp. V, and other parties thereto

99.1

Press Release.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

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.

Dated: September 25, 2026

GOWELL ENERGY TECHNOLOGY

as successor by merger to Inflection Point Acquisition Corp. V

By:

/s/ Guillaume Borrel

Name:

Guillaume Borrel

Title:

Chief Executive Officer

EX-10.1 — REGISTRATION RIGHTS AGREEMENT DATED SEPTEMBER 25, 2026, AMONG GOWELL ENERGY TECHNOLOGY, INFLECTION POINT ACQUISITION CORP. V, AND OTHER PARTIES THERETO

EX-10.1

Filename: ea030656701ex10-1.htm · Sequence: 2

Exhibit 10.1

REGISTRATION RIGHTS AGREEMENT

THIS REGISTRATION RIGHTS AGREEMENT

(this “Agreement”), dated as of September 25, 2026, is made and entered into by and among (i) GOWell Energy

Technology, a Cayman Islands exempted company (“PubCo”), (ii) Maywood Sponsor LLC, a Delaware limited liability

company (the “Prior Sponsor”), (iii) Inflection Point Fund I LP, a Delaware limited partnership (the “New

Sponsor”), (iv) Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC (“Cohen”),

and Seaport Global Securities LLC (“Seaport”, together with Cohen, the “Representatives”),

(v) independent directors of the SPAC (the “Independent Directors”), (vi) the members of the New Sponsor identified

on the signature pages hereto under “Other Sponsor Holders” (the “New Sponsor Members”, together

with the New Sponsor and Independent Directors, the “New Sponsor Holders”), (vii) each of the undersigned parties

listed on the signature pages hereto under “PIPE Holders” (the “PIPE Holders”), and (viii) each

of the former shareholders of GOWell Technology Limited, a Cayman Islands exempted company (the “Company”),

designated as Legacy Company Holders on the signature pages hereto (each such party a “Legacy Company Holder”,

and such holders together with the Prior Sponsor, the New Sponsor Holders, the Representatives, the PIPE Holders and 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”), and, for the limited purpose set forth in Section 5.4 of this Agreement,

Inflection Point Acquisition Corp. V (formerly known as Maywood Acquisition Corp.), a Cayman Islands exempted company (“SPAC”).

Capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the Business Combination Agreement

(as defined below).

RECITALS

WHEREAS, PubCo has entered

into that certain Business Combination Agreement, dated as of October 13, 2025 (as amended by Amendment to the Business Combination Agreement,

dated as of December 22, 2025, Second Amendment to the Business Combination Agreement, dated as of July 13, 2026, and Third Amendment

to Business Combination Agreement dated as of August 31, 2026, the “Business Combination Agreement”), by and

among PubCo, SPAC, the Company and IPCV Merger Sub Limited, a Cayman Islands exempted company (“Merger Sub”),

pursuant to which, among other transactions: (i) SPAC will be merged with and into PubCo (the “First Merger”),

as a result of which (a) PubCo shall continue as the surviving entity, and (b) each issued and outstanding SPAC Share, including the SPAC

Class A Ordinary Shares issuable in settlement of the SPAC Rights, immediately prior to the First Merger Effective Time shall no longer

be outstanding and shall automatically be cancelled, in exchange for the right of the holder thereof to receive the SPAC Per Share Merger

Consideration subject to and on the terms and conditions set forth in the Business Combination Agreement; and (ii) one Business Day following

the First Merger, the Merger Sub will merge with and into the Company (the “Second Merger,” and, together with

the First Merger, the “Mergers”), as a result of which (a) Company shall continue as the surviving entity and

as a wholly-owned direct subsidiary of PubCo, and (b) each issued and outstanding Company Ordinary Share, Company Series A Preferred Share

and Company Warrant shall no longer be outstanding and shall automatically be cancelled, in exchange for the right of the holder thereof

to receive new PubCo Ordinary Shares, PubCo Preferred Shares, PubCo Series A Investor Warrants, subject to and on the terms and conditions

set forth in the Business Combination Agreement;

WHEREAS, SPAC, the

Prior Sponsor and the Representatives entered into that certain Registration Rights Agreement, dated as of February 12, 2025 (the “Prior

Agreement”);

WHEREAS, on September

9, 2025, the New Sponsor executed a joinder agreement to become a party to that Prior Agreement;

WHEREAS, Section 5.5

of the Prior Agreement provides that any provision, covenant or condition of the Prior Agreement can be amended or modified upon the written

consent of PubCo (as successor to SPAC) and Holders (as such term is used in the Prior Agreement) of at least a majority in interest of

the Registrable Securities (as such term in used in the Prior Agreement);

WHEREAS, the Prior

Sponsor, the New Sponsor and the Representatives own a majority in interest of the Registrable Securities (as such term is used in the

Prior Agreement);

WHEREAS, each of PubCo,

the Prior Sponsor, the New Sponsor and the Representatives intends for its entry into this Agreement to constitute written consent pursuant

to Section 5.5 (Amendments and Modifications) of the Prior Agreement to amend the entirety of the Prior Agreement to provide for its termination

without giving effect to the terms providing for the survival of certain provisions thereof as set forth in Section 5.7 (Term) of the

Prior Agreement, with such termination effective as of the date hereof, in order to provide for the terms and conditions included herein;

WHEREAS, the parties

hereto are entering into this Agreement concurrently with and, effective as of and contingent upon, the Closing; and

WHEREAS, PubCo and

the Holders desire to enter into this Agreement, pursuant to which PubCo shall grant the Holders certain registration rights with respect

to certain securities of PubCo, 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 I.

DEFINITIONS

1.1 Definitions. The

terms defined in this Article I 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 Chief Executive

Officer or Chief Financial Officer of PubCo or the Board, in each case, after consultation with counsel to PubCo, (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 required to be stated therein or 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, declared

effective or used, as the case may be, and (iii) PubCo has a bona fide business purpose for not making such information public.

“Agreement”

shall have the meaning given in the Preamble.

“Block Trade”

has the meaning set forth in Section 2.5(a) of this Agreement.

“Board”

shall mean the board of directors of PubCo.

“Business Combination

Agreement” shall have the meaning given in the Recitals.

“Business Days”

shall have the meaning given in the Business Combination Agreement.

“Closing”

shall have the meaning given in the Business Combination Agreement.

“Commission”

shall mean the U.S. Securities and Exchange Commission.

“Company”

shall have the meaning given in the Preamble.

“Demand Registration”

shall have the meaning given in Section 2.1.1 of this Agreement.

“Demanding Holder”

shall have the meaning given in Section 2.1.1 of this Agreement.

“Floor Price”

shall mean $1.00.

“Holder”

or “Holders” shall have the meaning given in the Preamble.

“Legacy Company

Holders” shall have the meaning given in the Preamble.

“Maximum Number

of Securities” shall have the meaning given in Section 2.1.4 of this Agreement.

“Maywood IPO”

shall mean the initial public offering of SPAC consummated on February 12, 2025.

“Merger Sub”

shall have the meaning given in the Recitals.

“Misstatement”

shall mean in the case of a Registration Statement, an untrue statement of a material fact or an omission to state a material fact required

to be stated therein, or necessary to make the statements therein not misleading, and in the case of a Prospectus, an untrue statement

of a material fact or an omission 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.

“New Sponsor”

shall have the meaning given in the Preamble.

“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 any lock-up period applicable between such Holder and PubCo, and to any transferee thereafter.

“Piggyback Registration”

shall have the meaning given in Section 2.2.1 of this Agreement.

“PIPE Holders”

shall have the meaning given in the Recitals.

“Prior Agreement”

shall have the meaning given in the Recitals.

“Prior Sponsor”

shall have the meaning given in the Preamble.

“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.

“PubCo”

shall have the meaning given in the Preamble.

“PubCo Ordinary

Shares” means the ordinary shares, with $0.0001 par value per share, of PubCo.

“Registrable Security”

shall mean all of the following securities, determined as of two (2) Business Days prior to any applicable filing of a Registration Statement

and assuming that (i) all shares of Series A Preferred Stock are converted into PubCo Ordinary Shares at a conversion price equal to the

Floor Price and (ii) all Series A Investor Warrants are exercised in full at an exercise price equal to the Floor Price: (a) any PubCo

Ordinary Shares held by a Holder immediately following the Closing, (b) any PubCo Ordinary Shares that may be acquired by Holders upon

the exercise, conversion or redemption of any other security of PubCo or other right to acquire PubCo Ordinary Shares held by a Holder

immediately following the Closing, (c) any outstanding PubCo Ordinary Shares or other equity securities (including the PubCo Ordinary

Shares issued or issuable upon the exercise of any other equity security) of PubCo held by a Holder on or following the date of this Agreement

to the extent such securities are “restricted securities” or are held by an “affiliate” (each as defined in Rule

144 under the Securities Act), (d) any of the Restricted Shares granted to the Holders upon assumption and conversion of the Company Restricted

Shares (as defined in the Business Combination Agreement) at the Second Merger Effective Time in consideration for services provided to

PubCo, and (e) any other equity security, including any warrants, shares of capital stock or other securities of PubCo, issued or issuable

with respect to any securities referenced in clauses (a), (b), (c) or (d) above by way of share dividend or share split or in connection

with a combination of shares, recapitalization, merger, consolidation, spin-off, reorganization or similar transaction; provided,

however, that, as to any particular Registrable Security, such securities shall cease to be Registrable Securities when: (i) 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; (ii) such securities shall

have been otherwise transferred, new certificates for such securities not bearing a legend restricting further transfer shall have been

delivered by PubCo and subsequent public distribution of such securities shall not require registration under the Securities Act; (iii)

such securities shall have ceased to be outstanding; (iv) such securities may be sold without registration, including 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 under Rule 144(i) (to

the extent applicable)); or (v) such securities have been sold to, or through, a broker, dealer or Underwriter in a public distribution

or other public securities transaction.

“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 documented, out-of-pocket expenses relating to 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 PubCo’s 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);

and delivery expenses;

(d) reasonable fees and disbursements

of counsel for PubCo;

(e) all of PubCo’s internal

expenses (including all salaries and expenses of its officers and employees);

(f) all reasonable fees and

expenses of any special experts retained by PubCo in connection with such registration;

(g) reasonable fees and disbursements

of underwriters customarily paid by issuers of securities in a secondary offering, but excluding underwriting discounts, commissions and

transfer taxes, if any, with respect to Registrable Securities sold by PubCo;

(h) reasonable fees and disbursements

of all independent registered public accountants of PubCo incurred specifically in connection with such Registration; and

(i) 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 not to exceed $75,000 without the consent of PubCo.

“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.

“Representatives”

shall have the meaning given in the Recitals.

“Requesting Holder”

shall have the meaning given in Section 2.1.1 of this Agreement.

“Restricted Shares”

shall mean each PubCo Ordinary Share subject to vesting, forfeiture, or other restrictions.

“Securities Act”

shall mean the U.S. Securities Act of 1933, as amended from time to time.

“Shelf Registration

Statement” shall have the meaning given in Section 2.3(a) of this Agreement.

“Sponsor”

shall have the meaning given in the Preamble.

“Subsequent Shelf

Registration” shall have the meaning given in Section 2.3(b) of this Agreement.

“Suspension Event”

shall have the meaning set forth in Section 3.4 of this Agreement.

“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 PubCo

are sold to one or more Underwriters in a firm commitment underwriting for distribution to the public.

ARTICLE II.

REGISTRATIONS

2.1 Demand Registration.

2.1.1 Request for Registration.

Following the expiration of any applicable lock-up period, subject to the provisions of Section 2.1.4 hereof and provided at least

12 months have passed since the filing of the Form 10 information (as defined in Rule 144(i)(3) of the Securities Act) with the Commission,

any of (x) Holders of at least a majority-in-interest of the then outstanding number of Registrable Securities, (y) New Sponsor or (z)

affiliates of New Sponsor (clauses (x) through (z), “Demanding Holders”), may make a written demand for Registration

under the Securities Act 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”).

PubCo shall, promptly following PubCo’s receipt of a Demand Registration and, in any event, within twenty (20) days of its receipt

of such 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 PubCo, in writing, within five (5) Business Days after the receipt

by the Holder of the notice from PubCo. Upon receipt by PubCo of any such written notification from a Requesting Holder(s) to PubCo, such

Requesting Holder(s) shall be entitled to have their Registrable Securities included in a Registration pursuant to a Demand Registration

and PubCo shall effect, as soon thereafter as reasonably practicable, the Registration of all Registrable Securities requested by the

Demanding Holders and Requesting Holders pursuant to such Demand Registration. PubCo shall not be obligated to effect (x) more than one

(1) Registration pursuant to a Demand Registration on behalf of the Representatives or (y) more than an aggregate of four (4) Registrations

pursuant to a Demand Registration with respect to any or all Registrable Securities; provided that, a Registration shall not be counted

for such purpose unless a Form F-1 or any similar long-form registration statement that may be available at such time (“Form

F-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 F-1 Registration have been sold, in accordance with Section 3.1 of this Agreement.

2.1.2 Effective Registration.

Notwithstanding the provisions of Section 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 (a) 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 (b) PubCo has complied with all

of its obligations under this Agreement with respect thereto; provided 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 PubCo in writing, but in no event later than

five (5) days of such election; provided further that PubCo 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.

2.1.3 Underwritten Offering.

Subject to the provisions of Section 2.1.4 hereof, if a majority-in-interest of the Demanding Holders so advise PubCo 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; provided that PubCo shall only

be obligated to effect an Underwritten Offering pursuant to this Section 2.1.3 if such offering shall include Registrable Securities

proposed to be sold by such Holders with an anticipated aggregate offering price, before deduction of underwriting discounts and commissions,

of at least $10 million. The applicable Holders 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 PubCo’s prior approval which shall not be unreasonably

withheld, conditioned or delayed.

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 PubCo, 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 PubCo Ordinary Shares or

other equity securities that PubCo desires to sell and PubCo Ordinary Shares, if any, as to which a Registration has been requested pursuant

to separate written contractual piggyback 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 PubCo shall include in such

Underwritten Offering, as follows: (a) 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; (b) second, to the extent that the Maximum Number of Securities has

not been reached under the foregoing clause (a), PubCo Ordinary Shares or other equity securities that PubCo desires to sell, 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), PubCo Ordinary Shares or other equity securities of other persons or entities that

PubCo 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 Section 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 PubCo and the Underwriter or Underwriters (if

any) of their intention to withdraw from such Registration at least three (3) Business Days 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, PubCo shall be responsible for the Registration Expenses incurred in connection

with a Demand Registration prior to its withdrawal under this Section 2.1.5.

2.2 Piggyback Registration.

2.2.1 Piggyback Rights.

If, at any time on or after the date hereof, PubCo 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 persons other than the Holders of Registrable Securities, other than a Registration Statement

(a) filed in connection with any employee or director share option, compensation or other benefit plan, (b) for an exchange offer or offering

of securities solely to PubCo’s existing shareholders, (c) for an offering of debt that is convertible into equity securities of

PubCo, (d) for an “at-the-market” or similar registered offering through a broker, sales agent or distribution agent, whether

as agent or principal, (e) relating to a transaction pursuant to Rule 145 under the Securities Act or (f) for a dividend reinvestment

plan, then PubCo shall give written notice of such proposed filing to all of the Holders of Registrable Securities who hold Registrable

Securities that are not then subject to any applicable lock-up, as soon as reasonably practicable, but not less than ten (10) days (or,

in the case of a Block Trade or Other Coordinated Offering, five (5) days), before the anticipated filing date of such Registration Statement,

which notice shall (i) 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 (ii) 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

three (3) Business Days (unless such offering is an overnight or bought Underwritten Offering, Block Trade or Other Coordinated Offering,

then two (2) days), in each case after receipt of such written notice (such Registration a “Piggyback Registration”

and such Registrable Securities that a Holder timely requests to include therein, the “Piggyback Securities”);

provided, that if PubCo has been advised in writing by the managing Underwriter(s) that the inclusion of Registrable Securities

for sale for the benefit of the Holders will have an adverse effect on the price, timing, or distribution method of the PubCo Ordinary

Shares in, or probability of success of, an Underwritten Offering, then if no Registrable Securities can be included in the Underwritten

Offering in the opinion of the managing Underwriter(s), PubCo shall not be required to offer such opportunity to such Holders. Subject

to the foregoing proviso, PubCo shall, in good faith, cause such Piggyback Securities to be included in such Piggyback Registration and,

if applicable, shall use its commercially reasonable efforts to cause the managing Underwriter or Underwriters of a proposed Underwritten

Offering to permit the Piggyback Securities to be included in a Piggyback Registration on the same terms and conditions as any similar

securities of PubCo included in such Registration and to permit the sale or other disposition of such Piggyback Securities in accordance

with the intended method(s) of distribution thereof. All such Holders proposing to distribute their Piggyback Securities through an Underwritten

Offering under this Section 2.2.1 shall enter into an underwriting agreement in customary form with the Underwriter(s) selected

for such Underwritten Offering by PubCo. PubCo may postpone or withdraw the filing or the effectiveness of a Piggyback Registration at

any time in its sole discretion.

2.2.2 Reduction of Piggyback

Registration. If the managing Underwriter or Underwriters in an Underwritten Registration that is to be a Piggyback Registration,

in good faith, advises PubCo and the Holders of Registrable Securities participating in the Piggyback Registration in writing that the

dollar amount or number of PubCo Ordinary Shares that PubCo desires to sell, taken together with (a) PubCo 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, (b) the Registrable Securities as to which registration has been requested pursuant to Section

2.2 hereof, and (c) PubCo Ordinary Shares, if any, as to which Registration has been requested pursuant to separate written contractual

piggyback registration rights of other shareholders of PubCo, exceeds the Maximum Number of Securities, then:

(i) If the Registration is

undertaken for PubCo’s account, PubCo shall include in any such Registration: (A) first, PubCo Ordinary Shares or other equity securities

that PubCo 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 Section 2.2.1 hereof, Pro Rata, 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), PubCo Ordinary Shares, if any, as to which Registration has been requested pursuant to written contractual piggyback registration

rights of other shareholders of PubCo, which can be sold without exceeding the Maximum Number of Securities; or

(ii) If the Registration is

pursuant to a request by persons or entities other than the Holders of Registrable Securities, then PubCo shall include in any such Registration:

(A) first, PubCo 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 Section 2.2.1, Pro Rata, 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), PubCo Ordinary Shares or other equity securities that PubCo 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), PubCo Ordinary Shares or other equity securities for the account of other persons or entities that PubCo 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.

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 PubCo 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. PubCo (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 (but

subject to Section 3.2), PubCo shall be responsible for all Registration Expenses incurred in connection with the Piggyback Registration

prior to its withdrawal under this Section 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

(a) PubCo shall as soon as

reasonably practicable, but in any event within thirty (30) days after the Closing Date (as defined in the Business Combination Agreement),

file with the Commission a registration statement on Form F-1 under the Securities Act for the shelf registration (a “Shelf

Registration Statement”) covering, subject to Section 3.3, the public sale or resale of all of the Registrable Securities

on a delayed or continuous basis. PubCo shall use its commercially reasonable efforts to cause any Shelf Registration Statement to be

declared effective under the Securities Act as soon as reasonably practicable after the initial filing of such Shelf Registration Statement,

but no later than the earlier of (a) the 90th calendar day following the filing date thereof if the Commission notifies PubCo that it

will “review” the Shelf Registration Statement and (b) the tenth (10th) business day after the date PubCo is notified (orally

or in writing, whichever is earlier) by the Commission that the Shelf Registration Statement will not be “reviewed” or will

not be subject to further review. Such Shelf Registration Statement 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 named therein. Subject to

Section 3.4, PubCo shall maintain a Shelf Registration Statement in accordance with the terms hereof, and shall prepare and file

with the Commission such amendments, including post-effective amendments, and supplements as may be necessary to keep a Shelf Registration

Statement continuously effective, available for use to permit the Holders named therein to sell their Registrable Securities included

therein and in compliance with the provisions of the Securities Act until such time as there are no longer any Registrable Securities.

In the event PubCo files a Shelf Registration Statement on Form F-1, PubCo shall use its commercially reasonable efforts to convert such

Shelf Registration Statement (and any Subsequent Shelf Registration) to a registration statement on Form F-3 as soon as reasonably practicable

after PubCo is eligible to use Form F-3.

(b) If any Shelf Registration

Statement ceases to be effective under the Securities Act for any reason at any time while Registrable Securities are still outstanding,

PubCo shall, subject to Section 3.4, use its commercially reasonable efforts to, as promptly as is reasonably practicable, cause

such Shelf Registration Statement to again become effective under the Securities Act (including using its commercially reasonable efforts

to obtain the prompt withdrawal of any order suspending the effectiveness of such Shelf Registration Statement), and shall use its commercially

reasonable efforts to, as promptly as is reasonably practicable, amend such Shelf Registration Statement in a manner reasonably expected

to result in the withdrawal of any order suspending the effectiveness of such Shelf Registration Statement or file an additional registration

statement as a Shelf Registration Statement (a “Subsequent Shelf Registration”) registering the resale of all

Registrable Securities under such Shelf Registration Statement, and pursuant to any method or combination of methods legally available

to, and requested by, any Holder named therein. If a Subsequent Shelf Registration is filed, PubCo 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 (it being agreed that the Subsequent Shelf Registration shall be an automatic shelf registration statement (as

defined in Rule 405 promulgated under the Securities Act) if PubCo is a well-known seasoned issuer (as defined in Rule 405 promulgated

under the Securities Act) at the most recent applicable eligibility determination date) and (ii) keep such Subsequent Shelf Registration

continuously effective, available for use to permit the Holders named therein to sell their Registrable Securities included therein and

in compliance with the provisions of the Securities Act until such time as there are no longer any Registrable Securities. Any such Subsequent

Shelf Registration shall be on Form F-3 to the extent that PubCo is eligible to use such form. Otherwise, such Subsequent Shelf Registration

shall be on another appropriate form.

to the contrary in this Agreement, Section 2.2 shall not apply to a Shelf Registration Statement or a Subsequent Shelf Registration.

2.4 Restrictions on Representatives’

Registration Rights. Notwithstanding the provisions of this Agreement, the Registrable Securities held by the Representatives are

subject to compliance with FINRA Rule 5110(g)(8). The Representatives may not exercise demand or “piggyback” registration

rights hereunder after five and seven years, respectively, after the commencement of sales in the Maywood IPO and may not seek a Registration

pursuant to a Demand Registration on more than one occasion.

2.5 Block Trades; Other Coordinated

Offerings.

(a) Notwithstanding anything

contained in this Section 2, following the expiration of the lock-up period applicable to such Holder, in the event of a sale of

Registrable Securities in (a) an underwritten transaction requiring the involvement of PubCo but not involving any “road show”

and which is commonly known as a “block trade” (a “Block Trade”) or (b) an “at the market”

or similar registered offering through a broker, sales agent or distribution agent, whether as agent or principal, (an “Other

Coordinated Offering”), (1) the Holder shall (i) give at least five Business Days prior notice in writing of such transaction

to PubCo, (ii) identify the potential underwriter(s) in such notice with contact information for such underwriter(s) and (iii) the maximum

number of Registrable Securities to be sold in such offering and the expected gross proceeds of such offering; and (2) PubCo shall cooperate

with such requesting Holder or Holders to the extent it is reasonably able to effect such Block Trade or Other Coordinated Offering. Any

Block Trade or Other Coordinated Offering shall be for at least $20 million in expected gross proceeds. For the avoidance of doubt, a

Block Trade or Other Coordinated Offering shall not constitute an Underwritten Takedown. The Holders of at least a majority of the Registrable

Securities being sold in any Block Trade or Other Coordinated Offering shall select the underwriter(s), brokers, sales agents or distribution

agents to administer such Block Trade or Other Coordinated Offering, as applicable; provided that such underwriter(s), brokers, sales

agents or distribution agents shall be reasonably acceptable to PubCo.

(b) Prior to the filing of the

applicable “red herring” prospectus or prospectus supplement used in connection with a Block Trade or Other Coordinated Offering,

the Holder shall have the right to submit a written notice of withdrawal to PubCo of its intention to withdraw from such Block Trade or

Other Coordinated Offering. Notwithstanding anything to the contrary in this Agreement, PubCo shall be responsible for the Registration

Expenses incurred in connection with a Block Trade or Other Coordinated Offering prior to such Holder’s withdrawal under this Section

2.5(b).

to the contrary in this Agreement, Section 2.2 shall not apply to a Block Trade or Other Coordinated Offering initiated by a Holder

pursuant to this Agreement.

ARTICLE III.

PUBCO PROCEDURES

3.1 General Procedures.

If at any time on or after the date hereof PubCo is required to effect the Registration of Registrable Securities, PubCo shall use its

commercially reasonable efforts to effect such Registration to permit the sale of such Registrable Securities in accordance with the intended

plan of distribution thereof (and including all manners of distribution in such Registration Statement as Holders may reasonably request

in connection with the filing of such Registration Statement and as permitted by law, including distribution of Registrable Securities

to a Holder’s members, securityholders or partners), and pursuant thereto PubCo shall, as soon as reasonably possible:

3.1.1 prepare and file with

the Commission a Registration Statement with respect to such Registrable Securities and use its commercially reasonable efforts to cause

such Registration Statement to become effective and remain effective until all Registrable Securities covered by such Registration Statement

have been sold or are no longer outstanding or no longer constitute Registrable Securities (such period, the “Effectiveness

Period”);

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 reasonably requested by any Holder that holds at least five percent (5%) of the Registrable Securities registered on such Registration

Statement or any Underwriter of Registrable Securities or as may be required by the rules, regulations or instructions applicable to the

registration form used by PubCo 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 or are no longer outstanding or no longer constitute Registrable

Securities;

3.1.3 prior to filing a Registration

Statement or Prospectus, or any amendment or supplement thereto, upon the reasonable written request of Holders, furnish without charge

to the Underwriters, brokers, distribution agents, or sales agents, if any, and the Holders of Registrable Securities included in such

Registration, and such Holders’ 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,

brokers, distribution agents, or sales agents, if any, and the Holders of Registrable Securities included in such Registration or the

legal counsel for any such Holders may reasonably request in order to facilitate the disposition of the Registrable Securities owned by

such Holders; provided, that PubCo will not have any obligation to provide any document pursuant to this clause that is available

on the Commission’s EDGAR system;

3.1.4 prior to any public offering

of Registrable Securities, use its commercially reasonable efforts to (a) 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 (or provide

evidence satisfactory to such Holders that the Registrable Securities are exempt from such registration or qualification) and (b) 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 PubCo 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 PubCo 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 use its commercially reasonable

efforts to cause all such Registrable Securities to be listed on each securities exchange or automated quotation system on which similar

securities issued by PubCo 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 of the issuance of any stop order by the Commission suspending the

effectiveness of such Registration Statement or the initiation or threatening in writing of any proceeding for such purpose and promptly

use its commercially reasonable efforts to prevent the issuance of any stop order or to obtain its withdrawal if such stop order should

be issued;

3.1.8 during the Effectiveness

Period, furnish a conformed copy of each filing of any Registration Statement or Prospectus or any amendment or supplement to such Registration

Statement or Prospectus or any document that is to be incorporated by reference into such Registration Statement or Prospectus, promptly

after such filing of such documents with the Commission to each Holder of such Registrable Securities or its counsel; provided,

that PubCo will not have any obligation to provide any document pursuant to this clause that is available on the Commission’s EDGAR

system;

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, subject to the

provisions of this Agreement, notify the Holders of the happening of any event as a result of which a Misstatement exists, 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-in-interest of the participating Holders), the Underwriters, or other

financial institutions faciliting such offering, if any, and any attorney or accountant retained by such Holders or Underwriters or other

financial institutions facilitating such offering to participate, at each such person’s own expense, in the preparation of the Registration

Statement or the Prospectus, and cause PubCo’s officers, directors and employees to supply all information reasonably requested

by any such representative, Underwriter, or other financial institutions facilitating such offering, attorney or accountant in connection

with the Registration; provided, however, that such representatives, Underwriters or other financial institutions enter

into a confidentiality agreement, in form and substance reasonably satisfactory to PubCo, prior to the release or disclosure of any such

information; provided, further, that PubCo may not include the name of any Holder, Underwriter, or other financial institution

that is facilitating or may facilitate an offering, in any Registration Statement or Prospectus, any amendment or supplement to such Registration

Statement of Prospectus, any document that is to be incorporated by reference into 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, Underwriter, or other financial institution, and providing each such Holder, Underwriter, or

other financial institution a reasonable amount of time to review and comment on such applicable document.

3.1.11 obtain a “cold

comfort” letter (including a bring-down letter dated as of the date the Registrable Securities are delivered for sale pursuant to

such Registration) from PubCo’s independent registered public accountants, in the event of an Underwritten Registration, a Block

Trade, an Other Coordinated Offering or a sale by a broker, distribution agent or sales agent pursuant to a Registration Statement (subject

to such Underwriter or other financial institution facilitating such offering providing such certification or representation as reasonably

requested by PubCo’s independent registered public accountings and PubCo’s counsel) in customary form and covering such matters

of the type customarily covered by “cold comfort” letters as the managing Underwriter or other similar type of sales agent

or distribution agent 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, in the event of an Underwritten Registration, a Block Trade, an Other

Coordinated Offering or a sale by a broker, distribution agent or sales agent pursuant to a Registration Statement obtain an opinion and

negative assurance letter, dated such date, of counsel representing PubCo for the purposes of such Registration, addressed to the participating

Holders, the broker, distribution 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 participating Holders, broker, distribution agent, sales agent,

or Underwriter may reasonably request and as are customarily included in such opinions and negative assurance letters, provided, in each

case, that such participating Holders provide such information to such counsel as is customarily required for, or is reasonably requested

by such counsel for purposes of, such opinion or negative assurance letter;

3.1.13 in the event of any Underwritten

Offering, a Block Trade, an Other Coordinated Offering or sale by a broker, distribution agent or sales agent pursuant to a Registration

Statement, enter into and perform its obligations under an underwriting agreement, purchase agreement, sales agreement or distribution

agreement, in usual and customary form, with the managing Underwriter or broker, sales agent or distribution agent of such offering or

sale;

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 PubCo’s first (1st) 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 with respect to an Underwritten

Offering, use its commercially reasonable efforts to make available senior executives of PubCo to participate in customary “road

show” presentations that may be reasonably requested by the Underwriter(s) in any Underwritten Offering; and

3.1.16 otherwise, in good faith,

cooperate with, and take such customary actions as may reasonably be requested by the Holders, in connection with such Registration.

3.2 Registration Expenses.

All Registration Expenses of all Registrations in the aggregate shall be borne by PubCo. 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 and documented fees and expenses of any external legal counsel representing the Holders.

3.3 Requirements for Participation.

The Holders of Registrable Securities shall provide such information as may reasonably be requested by PubCo, or the managing Underwriter

or distribution agent or sales agent, if any, in connection with the preparation of any Registration Statement or Prospectus, including

amendments and supplements thereto, in order to effect the registration of any Registrable Securities under the Securities Act pursuant

to Article II and in connection with PubCo’s obligation to comply with federal and applicable state securities Laws. Notwithstanding

anything in this Agreement to the contrary, if any Holder does not timely provide PubCo with its requested Holder Information, PubCo may

exclude such Holder’s Registrable Securities from the applicable Registration Statement or Prospectus if PubCo determines, based

on the advice of counsel, that such information is necessary to effect the registration and such Holder continues thereafter to withhold

such information. No person may participate in any Underwritten Offering, Block Trade or Other Coordinated Offering for equity securities

of PubCo pursuant to a Registration initiated by PubCo hereunder unless such person (i) agrees to sell such person’s securities

on the basis provided in any arrangements approved by PubCo and (ii) completes and executes all questionnaires, powers of attorney, indemnities,

lock-up agreements, underwriting or other agreements and other documents as may be required under the terms of such arrangements and that

are reasonable or otherwise customary. The exclusion of a Holder’s Registrable Securities as a result of this Section 3.3

shall not affect the registration of the other Registrable Securities to be included in such Registration.

3.4 Suspension of Sales; Restrictions

on Registration Rights.

(a) Notwithstanding

anything to the contrary in this Agreement, PubCo shall be entitled to postpone the effectiveness of a Registration Statement, and from

time to time to require Holders not to sell under a Registration Statement or to suspend the effectiveness thereof, for the shortest period

of time determined in good faith by PubCo to be necessary for such purpose, if the Registration Statement or Prospectus (i) contains a

Misstatement, or in the opinion of counsel for PubCo it is necessary to supplement or amend such Prospectus to comply with applicable

law, (ii) would require the inclusion in such Registration Statement of financial statements that are unavailable to PubCo for reasons

beyond PubCo’s control, (iii) in the good faith judgment of a majority of the Board, would be seriously detrimental to PubCo and

the Board concludes, as a result, that it is necessary to defer such filing, initial effectiveness, or continued use at such time, (iv)

require the Company to make an Adverse Disclosure, or (v) would otherwise render PubCo unable to comply with requirements under the Securities

Act or Exchange Act (each, a “Suspension Event”); provided, however, that PubCo may not delay or suspend a Registration

Statement on more than two (2) occasions or for more than sixty (60) consecutive calendar days in each case during any 12 month period.

Upon notice from PubCo of the occurrence of a Suspension Event, each of the Holders shall forthwith discontinue disposition of Registrable

Securities until it has received copies of a supplemented or amended Registration Statement or Prospectus correcting such Suspension Event

(it being understood that PubCo hereby covenants to prepare and file such supplement or amendment as soon as reasonably practicable after

the time of such notice), or until it is advised in writing by PubCo that the use of the Registration Statement or Prospectus may be resumed.

If so directed by PubCo, the Holders will deliver to PubCo or, in Holders’ sole discretion destroy, all copies of each Prospectus

covering Registrable Securities in Holders’ possession; provided, however, that this obligation to deliver or destroy shall not

apply (i) to the extent the Holders are required to retain a copy of such Prospectus (A) to comply with applicable legal, regulatory,

self-regulatory or professional requirements or (B) in accordance with a bona fide pre-existing document retention policy or (ii) to copies

stored electronically on archival servers as a result of automatic data backup.

(b) If (a) during

the period starting with the date sixty (60) days prior to PubCo’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 PubCo-initiated Registration and provided that PubCo has delivered

written notice to the Holders prior to receipt of a Demand Registration pursuant to Section 2.1.1 and it continues to actively

employ, in good faith, all reasonable efforts to cause the applicable Registration Statement to become effective; or (b) the Holders have

requested an Underwritten Registration and PubCo and the Holders are unable to obtain the commitment of underwriters to firmly underwrite

the offer, then in each case upon prompt written notice of such action to the Holders, PubCo shall have the right to defer such filing

for a period of not more than thirty (30) days; provided, however, that PubCo shall not defer its obligation in this manner

more than once in any 12-month period.

3.5 Reporting Obligations.

As long as any Holder shall own Registrable Securities, PubCo, 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 PubCo after the date hereof pursuant to Sections 13(a) or 15(d) of the Exchange Act. PubCo 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

PubCo 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, to the extent that such

rule or such successor rule is available to PubCo), including providing any customary legal opinions. Upon the request of any Holder,

PubCo shall deliver to such Holder a written certification of a duly authorized officer as to whether it has complied with such requirements.

3.6 Restrictive Legend

Removal. In connection with a Registration pursuant to Sections 2.1, 2.2 or 2.3, or 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) upon the request of a Holder, PubCo shall (i) authorize PubCo’s transfer agent to remove any legend

on share certificates of such Holder’s Registrable Securities restricting further transfer (or any similar restriction in book entry

positions of such Holder), and cause PubCo’s counsel to issue an opinion to PubCo’s transfer agent in connection therewith,

if such restrictions are no longer required by the Securities Act or any applicable state securities laws or any agreement with PubCo

to which such Holder is a party, (ii) request PubCo’s transfer agent to issue in lieu thereof securities without such restrictions

to the Holder upon, as applicable, surrender of any certificates or to update the applicable book entry position of such Holder so that

it no longer is subject to such a restriction, and (iii) use its commercially reasonable efforts to cooperate with such Holder to have

such Holder’s Registrable Securities transferred into a book entry position at The Depository Trust Company, in each case, subject

to delivery of customer documentation, including any documentation required by such restrictive legend or book entry notation.

ARTICLE IV.

INDEMNIFICATION AND CONTRIBUTION

4.1 Indemnification.

4.1.1 PubCo agrees to indemnify,

to the extent permitted by law, each Holder of Registrable Securities, its officers, directors, employees, advisors, agents, representatives

and each person who controls (within the meaning of the Securities Act) such Holder against all losses, claims, damages, liabilities and

expenses (including reasonable and documented external attorneys’ fees) caused by any Misstatement, except insofar as the same are

arising out of, based on or contained in any information furnished in writing to PubCo by such Holder expressly for use therein. PubCo

shall indemnify the Underwriters, their officers and directors and each person who controls (within the meaning of the Securities Act)

such Underwriters to the same extent as provided in the foregoing with respect to the indemnification of the Holders.

4.1.2 In connection with any

Registration Statement in which a Holder of Registrable Securities is participating, such Holder shall furnish to PubCo in writing such

information and affidavits as PubCo reasonably requests for use in connection with any such Registration Statement or Prospectus (the

“Holder Information”) and, to the extent permitted by law, shall indemnify PubCo, its directors, officers, employees,

advisors, representatives and agents and each person who controls (within the meaning of the Securities Act) PubCo against any losses,

claims, damages, liabilities and expenses (including without limitation reasonable and documented external attorneys’ fees) caused

by any Misstatement to the extent 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 (within the meaning of the Securities Act) such

Underwriters to the same extent as provided in the foregoing with respect to indemnification of PubCo.

4.1.3 Any person entitled to

indemnification herein shall (a) 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 (b) 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 one local counsel if necessary in the reasonable judgment

of the indemnified party) 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 includes a statement or admission of fault and culpability on the

part of such indemnified party 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. PubCo 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 PubCo’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 not made by, in the case of an omission), or

relates to information supplied by (or not supplied by in the case of an omission), such indemnifying party or indemnified party, and

the indemnifying party’s and indemnified party’s relative intent, knowledge, access to information and opportunity to correct

or prevent such action; provided, however, that the liability of any Holder under this Section 4.1.5 shall be several,

not joint and several, and shall be limited to the amount of the net proceeds received by such Holder in such offering giving rise to

such liability except in the case of fraud or willful misconduct by such Holder. 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 Sections 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 Section

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 Section 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 Section 4.1.5 from any person who was not guilty of such fraudulent

misrepresentation. Notwithstanding the foregoing, the indemnity agreement contained in this Section 4 shall not apply to amounts

paid in settlement of any such claim or proceeding if such settlement is effected without the consent of PubCo, which consent shall not

be unreasonably withheld, conditioned, or delayed.

4.2 Waiver of Medallion

Guaranty. PubCo agrees to use commercially reasonable efforts to enter into that certain indemnification agreement, substantially

in the form attached as Exhibit A to this Agreement, in favor of Continental Stock Transfer & Trust Company (or any successor

transfer agent or warrant agent of PubCo) in connection with the waiver of any requirement to provide a medallion guarantee in connection

with any transfer of any PubCo Ordinary Shares or other equity securities of PubCo by the New Sponsor, New Sponsor Members, or any of

their Permitted Transferees; provided that, in each case, as a prerequisite to PubCo’s entry into such indemnification agreement,

the New Sponsor, such New Sponsor Member, or Permitted Transferee enters into an indemnification agreement in favor of the Company, substantially

in the form attached as Exhibit B to this Agreement.

ARTICLE V.

MISCELLANEOUS

5.1 Notices. All notices,

demands, requests, consents, approvals or waivers and other communications required or permitted to be given hereunder or which are given

with respect to this Agreement shall be in writing and shall be given (and shall be deemed to have been duly given upon receipt) by delivery

(a) in person, (b) by e-mail (having obtained electronic delivery confirmation thereof), (c) by reputable, nationally recognized overnight

courier service providing evidence of delivery, or (d) by registered or certified mail, pre-paid and return receipt requested. 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 second (2nd) business day following the date on which it is mailed, in the case of

notices delivered by courier service, hand delivery or overnight mail, 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, and in the case of notices

delivered by email, at such time as it is successfully transmitted to the addressee. Any notice or communication under this Agreement

must be addressed to the applicable party at their respective addresses set forth in Schedule A hereto.

5.2 Assignment; No Third Party

Beneficiaries.

5.2.1 This Agreement and the

rights, duties and obligations of PubCo hereunder may not be assigned or delegated by PubCo in whole or in part.

5.2.2 This Agreement and the

rights, duties and obligations of the Holders hereunder may not be assigned or delegated by the Holders in whole or in part; provided,

however, that, subject to Section 5.2.5, a Holder may assign the rights and obligations of such Holder hereunder relating to particular

Registrable Securities in connection with the transfer of such Registrable Securities to a Permitted Transferee of such Holder (it being

understood that no such transfer shall reduce any rights of the Holder with respect to Registrable Securities still held by such Holder).

A Permitted Transferee receiving Registrable Securities from the Prior Sponsor shall be treated as the Prior Sponsor for all purposes

of this Agreement, a Permitted Transferee receiving Registrable Securities from any of the Representatives shall be treated as a Representative

for all purposes of this Agreement, a Permitted Transferee receiving Registrable Securities from a New Sponsor Holder shall become a New

Sponsor Holder, a Permitted Transferee receiving Registrable Securities from a Legacy Company Holder shall become a Legacy Company Holder,

and a Permitted Transferee receiving Registrable Securities from a PIPE Holder shall become a PIPE Holder; provided that, as a precondition

to such transfer, such Permitted Transferee enters into a written agreement with PubCo agreeing to be bound by the terms and conditions

of 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 PubCo unless and until PubCo 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 PubCo, 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. Delivery of a signed counterpart

of this Agreement by facsimile or electronic transmission shall constitute valid and sufficient delivery thereof.

5.4 Entire Agreement.

This Agreement (including all agreements entered into pursuant hereto and all certificates and instruments delivered pursuant hereto and

thereto) and the Business Combination Agreement constitute the entire agreement of the parties with respect to the subject matter hereof

and supersede all prior and contemporaneous agreements, representations, understandings, negotiations and discussions between the parties,

whether oral or written. Without limiting the generality of the foregoing, SPAC, the Prior Sponsor, the New Sponsor and the Representatives

hereby agree that the Prior Agreement is hereby terminated without giving effect to the terms providing for the survival of certain provisions

thereof as set forth in Section 5.7 (Term) of the Prior Agreement and of no further force or effect.

5.5 Governing Law; Jurisdiction.

This Agreement shall be governed by, and construed in accordance with, the Laws of the State of Delaware applicable to contracts executed

in and to be performed in that State regardless of the law that might otherwise govern under applicable principles of conflicts of law

thereof, except to the extent that the laws of the Cayman Islands are mandatorily applicable. All legal actions and proceedings arising

out of or relating to this Agreement shall be heard and determined exclusively in any Delaware Chancery Court; provided, however, that

if jurisdiction is not then available in the Delaware Chancery Court, then any such legal Action may be brought in any federal court located

in the State of Delaware or any other Delaware state court. The Parties hereby (a) irrevocably submit to the exclusive jurisdiction of

the aforesaid courts for themselves and with respect to their respective properties for the purpose of any Action arising out of or relating

to this Agreement brought by any Party and (b) agree not to commence any Action relating thereto except in the courts described above

in Delaware, other than Actions in any court of competent jurisdiction to enforce any judgment, decree or award rendered by any such court

in Delaware as described herein. Each Party further agrees that notice as provided herein shall constitute sufficient service of process

and the Parties further waive any argument that such service is insufficient. Each Party hereby irrevocably and unconditionally waives,

and agrees not to assert, by way of motion or as a defense, counterclaim or otherwise, in any Action arising out of or relating to this

Agreement or the Transactions, (i) any claim that it is not personally subject to the jurisdiction of the courts in Delaware as described

herein for any reason, (ii) that it or its property is exempt or immune from jurisdiction of any such court or from any legal process

commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment,

execution of judgment or otherwise) and (c) that (i) the Action in any such court is brought in an inconvenient forum, (ii) the venue

of such Action is improper or (iii) this Agreement, or the subject matter hereof, may not be enforced in or by such courts.

5.6 WAIVER OF TRIAL BY

JURY. EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES THE RIGHT TO A TRIAL BY JURY IN ANY ACTION, SUIT, COUNTERCLAIM OR OTHER

PROCEEDING (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF, CONNECTED WITH OR RELATING TO THIS AGREEMENT, THE TRANSACTIONS

CONTEMPLATED HEREBY, OR THE ACTIONS OF THE HOLDERS IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT HEREOF.

5.7 Amendments and Modifications.

Upon the written consent of PubCo and the Holders of at least a majority in interest of the Registrable Securities at the time in question,

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 effects the New Sponsor Holders shall also require the written consent of the New Sponsor (or its

successor or assign) so long as the New Sponsor Holders and their respective affiliates hold, in the aggregate, at least one percent (1%)

of the outstanding PubCo Ordinary Shares of the Company; and provided, further, 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 shares of PubCo,

in a manner that is materially different from the other Holders (in such capacity) shall require the consent of the Holder so affected;

provided further that no consent of any holder of piggyback registration rights shall be required with respect to any such waiver,

amendment or modification, except with respect to any waiver, amendment or modification that adversely affects such holder of Piggyback

Registration rights, solely in its capacity as a holder of Registrable Securities, in a manner that is materially different from the other

Holders (in such capacity). No course of dealing between any Holder or PubCo and any other party hereto or any failure or delay on the

part of a Holder or PubCo in exercising any rights or remedies under this Agreement shall operate as a waiver of any rights or remedies

of any Holder or PubCo. 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. Any amendment, termination, or waiver

effected in accordance with this Section 5.7 shall be binding on each party hereto and all of such party’s successors and

permitted assigns, regardless of whether or not any such party, successor or assignee entered into or approved such amendment, termination,

or waiver.

5.8 Other Registration

Rights. PubCo represents and warrants that no person, other than a holder of Registrable Securities, has any right to require PubCo

to register any securities of PubCo for sale or to include such securities of PubCo in any Registration by PubCo for the sale of securities

for its own account or for the account of any other person. Further, PubCo 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.

5.9 Scope of the Holders’

Obligations. In this Agreement, (a) any obligation, covenant, representation or warranty, indemnity, liability or other requirement

provided by or in respect of any Holder shall be on a several basis (not jointly and not jointly and severally) as to such Holder and

only pertain to it, (b) each Holder shall be liable for its own breaches and (c) no party hereto shall be entitled to recover more than

once (i.e., “double recovery”) for the same loss or losses even in the event of breaches by multiple Holders.

5.10 Term. This Agreement

shall terminate upon the earlier of (a) the tenth (10th) anniversary of the date of this Agreement, (b) the date as of which

no Registrable Securities remain outstanding and (c) with respect to any Holder, on the date that such Holder no longer holds any Registrable

Securities. The provisions of Section 3.5 and Article IV shall survive any termination.

[SIGNATURE PAGES FOLLOW]

IN WITNESS WHEREOF,

the undersigned have caused this Agreement to be executed as of the date first written above.

PUBCO:

GOWELL ENERGY TECHNOLOGY

By:

/s/

Mike Reed

Name:

Mike Reed

Title:

Chief Financial Officer

PRIOR SPONSOR:

MAYWOOD SPONSOR LLC

By:

/s/ Zikang Wu

Name:

Zikang Wu

Title:

Authorized Person

NEW SPONSOR:

INFLECTION POINT FUND I LP

BY INFLECTION POINT GP I LLC,

AS GENERAL PARTNER

By:

/s/ Michael Blitzer

Name:

Michael Blitzer

Title:

Managing Member

SPAC:

INFLECTION POINT ACQUISITION CORP. V

By:

/s/ Michael Blitzer

Name:

Michael Blitzer

Title:

Chairman and Chief Executive Officer

REPRESENTATIVES:

COHEN & COMPANY CAPITAL MARKETS, A DIVISION OF COHEN & COMPANY SECURITIES, LLC

By:

/s/ Jerry Serowik

Name:

Jerry Serowik

Title:

Senior Managing Director

[Signature Page to Project Gas - Registration

Rights Agreement]

SEAPORT GLOBAL SECURITIES LLC

By:

/s/ Jack Mascone

Name:

Jack Mascone

Title:

Head of Capital Markets

LEGACY COMPANY HOLDERS:

HEGRO WELL PTE. LTD.

By:

/s/ Wenhua Liu

Name:

Wenhua Liu

Title:

Director

PIPE HOLDERS:

INFLECTION POINT FUND I LP

BY INFLECTION POINT GP I LLC,

AS GENERAL PARTNER

By:

/s/ Michael Blitzer

Name:

Michael Blitzer

Title:

Managing Member

ALYESKA MASTER FUND, L.P.

By:

/s/ Jason A. Bragg

Name:

Jason A. Bragg

Title:

CFO of Alyeska Investment Group, L.P. (investment manager of Alyeska Master Fund, L.P.)

INDEPENDENT DIRECTORS:

/s/ William Denkin

Name:

William Denkin

/s/ Steven Tannenbaum

Name:

Steven Tannenbaum

/s/ Carolyn Trabuco

Name:

Carolyn Trabuco

[Signature Page to Project

Gas - Registration Rights Agreement]

Schedule A

PUBCO:

GOWell Energy Technology

c/o GOWell International LLC

5050 Westway Park Blvd, Ste. 100

Houston, TX 77041

Attn: Kevin Colby

Email: kevin.colby@gowell.energy

with a required copy to (which copy shall not

constitute notice):

Hunter Taubman Fisher & Li LLC

950 Third Avenue, 19th Floor

New York, New York 10022

Attn: Louis Taubman

Email: ltaubman@htflawyers.com

PRIOR SPONSOR:

Maywood Sponsor LLC

c/o Maywood Acquisition Corp.

418 Broadway #6441

Albany, NY 12207

Attn: Maywood Operations

Email: operations@maywoodacq.com

with a required copy to (which copy shall not

constitute notice):

Graubard Miller

405 Lexington Ave 44th Floor

New York, NY 10174

Attn: David Alan Miller; Jeffrey Gallant

Email: dmiller@graubard.com; jgallant@graubard.com

NEW SPONSOR:

Inflection Point Fund I LP

167 Madison Avenue,

Suite 205 #1017

New York, NY 10016

Attn: Michael Blitzer

Email: blitzer@kingstowncapital.com

with a required copy to (which copy shall not

constitute notice):

White & Case LLP

1221 Avenue of the Americas

New York, NY 10025

Attn: Joel Rubinstein and Jason A. Rocha

Email: joel.rubinstein@whitecase.com; jason.rocha@whitecase.com

SPAC:

Inflection Point Acquisition Corp. V

167 Madison Ave, Suite 205 #1017

New York, NY 10016

Attention: Michael Blitzer

Email: blitzer@kingstowncapital.com

with a required copy to (which copy shall not

constitute notice):

White & Case LLP

1221 Avenue of the Americas

New York, NY 10025

Attn: Joel Rubinstein and Jason A. Rocha

Email: joel.rubinstein@whitecase.com; jason.rocha@whitecase.com

REPRESENTATIVES:

Cohen & Company Capital Markets,

a division of Cohen & Company

Securities, LLC

3 Columbus Circle, 24th Floor

New York, NY 10019

Attention: General Counsel

Email: gc@cohenandcompany.com

Seaport Global Securities LLC

360 Madison Avenue, 22nd Floor

New York, NY 10017

Attention: Jack Mascone

Email: jmascone@seaportglobal.com

with a required copy to (which copy shall not

constitute notice):

Loeb & Loeb LLP

345 Park Avenue

New York, NY 10154

Tel: (212) 407-4000

Attention: Mitchell S. Nussbaum,

Esq. and David J. Levine, Esq.

Email: mnussbaum@loeb.com; dlevine@loeb.com

LEGACY COMPANY HOLDERS:

Hegro Well PTE. Ltd.

c/o GOWell International LLC

5050 Westway Park Blvd, Ste. 100

Houston, TX 77041

Attention: Kevin Colby

Email: kevin.colby@gowell.energy

PIPE HOLDERS:

Inflection Point Fund I LP

167 Madison Avenue,

Suite 205 #1017

New York, NY 10016

Attn: Michael Blitzer

blitzer@kingstowncapital.com

with a required copy to (which copy shall not

constitute notice):

White & Case LLP

1221 Avenue of the Americas

New York, NY 10025

Attn: Joel Rubinstein and Jason A. Rocha

Email: joel.rubinstein@whitecase.com; jason.rocha@whitecase.com

Alyeska Master Fund, L.P.

c/o Maples Corporate Services Limited

P.O. Box 309, Ugland House

South Church Street George Town

Grand Cayman, KY1 - 1104, Cayman Islands

Email: compliance@alyeskagroup.com

INDEPENDENT DIRECTORS:

William Denkin

Email: williamdenkin@gmail.com

Steven Tannenbaum

Email: tannenbaum@greenwoodcap.com

Carolyn Trabuco

Email: cltrabuco@gmail.com

Exhibit A

[●]

[ ], 202[ ]

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, NY 10004

Re: Indemnification in-lieu-of Medallion Signature

Guarantee

To whom it may concern:

This letter is in regards

to the transfer by [Name of Holder] to [ ], of [ ] [ordinary shares / Series A Preference Shares] of GOWell Energy Technology (the “Company”).

Please be advised that the Company authorizes Continental Stock Transfer & Trust Company to process the subject transfer, which includes

securities that have been duly endorsed by the registered holder but do not bear a customary medallion signature guarantee. The Company

agrees to indemnify Continental Stock Transfer & Trust Company against all losses, damages, costs, charges and expenses that it may

in any way sustain, incur, or become liable for by reason related to the above referenced transaction.

I, [ ● ], a duly authorized

officer of the Company, have the authority to execute this indemnification on behalf of the Company.

Very truly yours,

[●]

By:

Name:

Title:

Exhibit B

[Name of Holder]

[●]

[ ], 202[ ]

[●]

Re: Indemnification in-lieu-of Medallion Signature

Guarantee

To whom it may concern:

This letter is in regards

to the transfer by [Name of Holder] (the “Transferor”) to [ ], of [ ] [ordinary shares / Series A Preference Shares]

of GOWell Energy Technology (the “Company”). Please be advised that the Transferor authorizes the Company and Continental

Stock Transfer & Trust Company to process the subject transfer, which includes securities that have been duly endorsed by the Transferor

but do not bear a customary medallion signature guarantee. The Transferor agrees to indemnify the Company against all losses, liability

or costs that may ensue as a result of its processing the above referenced transaction.

I, [ ● ], a duly authorized

officer of the Company, have the authority to execute this indemnification on behalf of the Company.

Very truly yours,

[●]

By:

Name:

Title:

EX-99.1 — PRESS RELEASE

EX-99.1

Filename: ea030656701ex99-1.htm · Sequence: 3

Exhibit 99.1

GOWell Technology Limited and Inflection Point

Acquisition Corp. V Announce Closing of Business Combination

Combined company named “GOWell Energy

Technology” and will trade on the NASDAQ under the ticker symbol “GOW”

SINGAPORE and NEW YORK, Sept. 25, 2026 – GOWell Technology

Limited (“GOWell” or the “Company”), a global one-stop-shop for innovative well logging solutions in the energy

sector, today announced that it has completed its business combination with Inflection Point Acquisition Corp. V (NASDAQ: IPEX) (“Inflection

Point”), a special purpose acquisition company (the “Business Combination”). The Business Combination was approved by

Inflection Point shareholders in a special meeting held on September 3, 2026 and formally closed on September 25, 2026.

The new combined company will operate as “GOWell Energy Technology”

(“GOWell Energy”). On September 28, 2026, GOWell Energy’s ordinary shares will begin trading on the NASDAQ under the

ticker symbol “GOW”.

Concurrently with the closing of the Business Combination, GOWell completed

the previously announced Closing PIPE investment, pursuant to which the investor purchased approximately $50 million of preferred shares

and warrants of GOWell Energy. Together with the approximately $20 million private placement funded at the signing of the Business Combination

Agreement in October 2025, the PIPE investments provided GOWell Energy with $70 million of gross proceeds, before deducting transaction

fees and expenses, to support GOWell Energy’s growth initiatives and working capital.

Guillaume Borrel, GOWell’s CEO, commented: “The

completion of our business combination caps 19 years of building GOWell into a wireline solutions developer and provider that service

companies and operators can depend on downhole. Going public on NASDAQ gives us access to capital and the visibility to scale our sensing

platform. GOWell’s technologies are mission critical to safely and efficiently securing energy sources, enabling us to deliver solutions

faster to both traditional and energy transition markets in this time of increased energy volatility.”

Michael Blitzer, Chairman and CEO of Inflection Point, added:

“For nearly two decades, GOWell has developed technologically advanced equipment, software and data analytics that have helped the

world’s leading oilfield services companies address increasingly complex challenges. This has led to a resilient, cash-generative

business with a track record of growth and margin expansion through industry cycles. As a public company, GOWell’s experienced executive

team is poised to accelerate growth and consolidate its leading position in a fragmented industry.”

Advisors

Haitong International Securities (USA) Inc. acted as financial and

capital markets advisor to GOWell. Cantor Fitzgerald & Co. and Cohen & Company Capital Markets, a division of Cohen & Company

Securities, LLC, served as lead financial and capital markets advisors to Inflection Point. White & Case LLP served as legal counsel

to Inflection Point, and Hunter Taubman Fischer & Li LLC served as legal counsel to GOWell. Conyers Dill & Pearman served as Cayman

Islands counsel to Inflection Point and Ogier (Cayman) LLP served as Cayman Islands counsel to GOWell. Gateway Group served as investor

relations and public relations advisor for the transaction.

About GOWell Technology Limited

GOWell Technology Limited is an international

company that provides a wide range of innovative well logging technologies and distributed sensing solutions for energy companies globally.

The Company maintains a multi-disciplinary research and development team with a robust patent portfolio of technology aimed to solve complex

industry challenges. GOWell’s solutions can be applied to a wide range of wells from traditional energy to energy transition. The

Company has a global, diverse customer base with long-term relationships with the key major oil service companies and operators in the

energy sector. Headquartered in Singapore, GOWell has a global manufacturing and procurement network, with regional hubs in the United

States and UAE in addition to regional operations in more than 50 countries.

For more information about GOWell Technology Limited, visit www.gowell.energy.

About Inflection Point Acquisition Corp. V

Inflection Point Acquisition Corp.

V (NASDAQ: IPEX) was a blank check company incorporated on May 31, 2024 in the Cayman Islands as an exempted company, 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.

Forward Looking Statements

This press release

includes or may include “forward-looking statements” regarding, among other things, the plans, strategies and prospects, both

business and financial, of Inflection Point, GOWell Energy and GOWell. These statements are based on the beliefs and assumptions of the

management of Inflection Point, GOWell Energy and GOWell. Although the parties believe that their respective plans, intentions and expectations

reflected in or suggested by these forward-looking statements are reasonable, none of Inflection Point, GOWell Energy or GOWell can assure

you that they will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks,

uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed

future actions, business strategies, events or results of operations, and any statements that refer to projections, forecasts or other

characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These statements

may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “predicts,”

“projects,” “forecasts,” “may,” “might,” “will,” “could,” “should,”

“would,” “seeks,” “plans,” “scheduled,” “possible,” “continue,”

“potential,” “anticipates” or “intends” or similar expressions; provided that the absence of these

does not means that a statement is not forward-looking. In light of these risks, uncertainties and assumptions, the forward-looking events

discussed in this press release might not occur, and our actual results could differ materially from those anticipated in these forward-looking

statements.

Important factors

that could cause actual results to differ materially from those discussed in the forward-looking statements include: general economic,

political and business conditions; the outcome of any legal proceedings that may be instituted against the parties; the anticipated capitalization

and enterprise value of GOWell Energy following the consummation of the Business Combination; the ability of GOWell Energy to issue equity,

equity-linked or other securities in the future; failure to realize the anticipated benefits of the Business Combination; the risks related

to the rollout of GOWell’s business and the timing of expected business milestones; the ability of GOWell Energy to execute its

growth strategy, manage growth profitably and retain its key employees; the ability of GOWell Energy to obtain or maintain the listing

of its securities on the NASDAQ Stock Market LLC following the Business Combination; and other risks and uncertainties indicated in the

Proxy Statement/Prospectus and in GOWell Energy’s subsequent filings with the Securities and Exchange Commission. Undue reliance

should not be placed upon the forward-looking statements.

These forward-looking statements

are made only as of the date of this press release. Neither Inflection Point, GOWell Energy, nor any of their respective affiliates undertake

any obligation to publicly update or revise any forward-looking statement contained in this press release, whether as a result of new

information, future events or otherwise, except as required by law.

Contact:

Investor Relations Contact:

Gateway Group

Georg Venturatos, Patrick Hall

949-574-3860

GOWell@gateway-grp.com

Media Relations Contact:

Gateway Group

Zach Kadletz, Ryan Deloney

949-574-3860

GOWell@gateway-grp.com

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