Form 8-K

8-K — RF Acquisition Corp II

Accession: 0001829126-26-008821

Filed: 2026-08-14

Period: 2026-08-12

CIK: 0002012807

SIC: 6770 (BLANK CHECKS)

Item: Entry into a Material Definitive Agreement

Item: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

Item: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Item: Submission of Matters to a Vote of Security Holders

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — rfacquisition2_8k.htm (Primary)

EX-3.1 — EXHIBIT 3.1 (rfacquisition2_ex3-1.htm)

EX-10.1 — EXHIBIT 10.1 (rfacquisition2_ex10-1.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

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2026-08-12

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2026-08-12

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rfa:OrdinarySharesParValue0.0001PerShareMember

2026-08-12

0002012807

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2026-08-12

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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): August 12, 2026

RF ACQUISITION CORP II

(Exact name of registrant as specified in its charter)

Cayman Islands

001-42016

00-0000000N/A

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

111 Somerset, #05-07

Singapore, 238164

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code +65 6904 0766

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 ordinary share and one right

RFAIU

The Nasdaq Stock Market LLC

Ordinary Shares, par value $0.0001 per share

RFAI

The Nasdaq Stock Market LLC

Rights, each right entitling the holder thereof to one-twentieth of one ordinary share

RFAIR

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. ☐

Item 1.01.

Entry into a Material Definitive Agreement

As approved by the shareholders of RF Acquisition Corp II (the “Company” or “RFAC”), by ordinary resolution, at an extraordinary general meeting of shareholders held on August 12, 2026 (the “Meeting”), on August 12, 2026, the Company entered into an amendment (the “Trust Agreement Amendment”) to the Investment Management Trust Agreement, dated as of May 16, 2024, as amended on November 10, 2025, with Continental Stock Transfer & Trust Company. Pursuant to the Trust Agreement Amendment, the Company has extended the date by which it has to complete a business combination from August 15, 2026 (the “Termination Date”) up to six (6) times, with each extension comprised of one month, from the Termination Date, or extended date, as applicable, to February 15, 2027 by providing five days’ advance notice (or two days’ advance notice for the first extension) to the trustee prior to the applicable Termination Date, or extended date, and depositing into the trust account (the “Trust Account”) $75,000 for each monthly extension until February 15, 2027 (assuming a business combination has not occurred) in exchange for a non-interest bearing, unsecured promissory note payable upon the consummation of a business combination (the “Trust Agreement Amendment Proposal”). The Trust Agreement Amendment also amends Section 1(i) of the Investment Management Trust Agreement to eliminate the Company’s right to withdraw up to $100,000 of interest earned on the Trust Account to pay liquidation and dissolution expenses, such that the Company forfeits such right in its entirety and no such amount will be withdrawn from the Trust Account for that purpose.

The foregoing description of the Trust Agreement Amendment is a summary only and is qualified in its entirety by reference to the full text of the Trust Agreement Amendment which is attached hereto as Exhibit 10.1 and incorporated by reference herein.

Item 2.03

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information disclosed under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03 to the extent required herein.

Item 5.03.

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

As approved by the Company’s shareholders at the Meeting on August 12, 2026, by special resolution, the Company amended its Amended and Restated Memorandum and Articles of Association, dated April 15, 2024 (the “Initial Charter”), as amended on November 10, 2025 (as amended, the “Existing Charter”), on August 12, 2026, by adopting the Amendment to the Existing Charter in the form set forth in Annex A to the definitive proxy statement filed with the Securities and Exchange Commission on July 31, 2026 (the “Articles Amendment”), reflecting the extension of the date by which the Company must consummate a business combination from the Termination Date up to six (6) additional extensions comprised of one month each (each an “Extension”) up to February 15, 2027 (i.e., for a period of time ending up to 33 months after the consummation of its initial public offering for a total of six (6) months after the Termination Date (assuming a business combination has not occurred)).

The foregoing description of the Articles Amendment is a summary only and is qualified in its entirety by reference to the full text of the Articles Amendment, which is attached hereto as Exhibit 3.1 and incorporated by reference herein.

Item 5.07.

Submission of Matters to a Vote of Security Holders.

At the Meeting, the Company’s shareholders approved the following proposals: (1) a proposal to approve by special resolution the Articles Amendment (the “Articles Amendment Proposal”), (2) a proposal to approve, by ordinary resolution the Trust Agreement Amendment Proposal, and (3) a proposal to adjourn the Meeting to a later date if, based upon the tabulated vote at the time of the Meeting, there are not sufficient votes to approve the Articles Amendment Proposal and the Trust Agreement Amendment Proposal (the “Adjournment Proposal”).

The Articles Amendment Proposal, the Trust Agreement Amendment Proposal and the Adjournment Proposal presented at the Meeting were approved by the Company’s shareholders. The final voting results for each Proposal are set forth below.

Proposal No. 1 – Articles Amendment Proposal

The Articles Amendment Proposal was approved by special resolution of the Company’s shareholders, and received the following votes:

FOR

AGAINST

ABSTAIN

6,767,656

260,877

Proposal No. 2 – Trust Agreement Amendment Proposal

The Trust Agreement Amendment Proposal was approved by ordinary resolution of the Company’s shareholders, and received the following votes:

FOR

AGAINST

ABSTAIN

6,767,656

260,877

Proposal No. 3 – Adjournment Proposal

The Adjournment Proposal was approved by ordinary resolution of the Company’s shareholders, and received the following votes:

FOR

AGAINST

ABSTAIN

6,767,656

260,877

Although Proposal 3 was approved, adjournment of the Meeting was not necessary or appropriate because the Company’s shareholders approved the Articles Amendment Proposal and the Trust Agreement Amendment Proposal.

Item 8.01.

Other Events.

connection with the shareholders’ vote at the Meeting, holders of 833,157 ordinary shares of the Company exercised their right

to redeem such shares (the “Redemption”) for a pro rata portion of the funds held in the Trust Account. As

a result, approximately $9,277,866.57 (approximately $11.13 per share) will be removed from the Trust Account to pay such holders and

approximately $44,522,115.92 will remain in the Trust Account. Following the aforementioned Redemption, the Company will have 3,998,108

ordinary shares outstanding.

Item 9.01.

Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit No.

Description

3.1

Amendment to the Amended and Restated Memorandum and Articles of Association, dated August 12, 2026.

10.1

Amendment No. 2 to the Investment Management Trust Agreement, dated August 12, 2026, by and between RF Acquisition Corp II and Continental Stock Transfer & Trust Company.

104

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

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

RF ACQUISITION CORP II

By:

/s/ Tse Meng Ng

Name:

Tse Meng Ng

Title:

Chief Executive Officer

Dated: August 14, 2026

EX-3.1 — EXHIBIT 3.1

EX-3.1

Filename: rfacquisition2_ex3-1.htm · Sequence: 2

Exhibit 3.1

AMENDMENT

TO THE

THE

AMENDED AND RESTATED MEMORANDUM AND

ARTICLES

OF ASSOCIATION

ACQUISITION CORP II

Dated and effective August 12, 2026 by way

of special resolution held at an extraordinary meeting of the

shareholders of RF Acquisition Corp II held

at 9:00 a.m. Eastern Time

RESOLVED, as a special

resolution, that the Amended and Restated Memorandum and Articles of Association of the Company, as amended by the special resolution

adopted on November 10, 2025, be further amended by the deletion of the current Article 52.7 in its entirety and the insertion of the

following language in its place:

52.7

In the event that the Company does not consummate a Business Combination by 15 February 2027, or such later time as the Members may approve by Special Resolution in accordance with the Articles, the Company shall:

(a)

cease

all operations except for the purpose of winding up;

(b)

as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per-Share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company (less taxes payable, the Company having forfeited its right to withdraw up to US$100,000 of such interest to pay dissolution expenses, such that no such amount will be withdrawn from the Trust Account for that purpose), divided by the number of then Public Shares in issue, which redemption will completely extinguish public Members’ rights as Members (including the right to receive further liquidation distributions, if any); and

promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining Members and the Directors,

liquidate and dissolve, subject in each case to its obligations under Cayman Islands law to provide for claims of creditors and in all

cases subject to the other requirements of Applicable Law.

subject

in each case, to its obligations under Cayman Islands law to provide for claims of creditors and in all cases subject to the other requirements

of Applicable Law. If the Company shall wind up for any other reason prior to the consummation of a Business Combination, the Company

shall, as promptly as reasonably possible but not more than ten business days thereafter, follow the foregoing procedures set out in

this Article with respect to the liquidation of the Trust Account, subject to its obligations under Cayman Islands law to provide for

claims of creditors and in all cases subject to the other requirements of Applicable Law.

Appleby

Global Services (Cayman) Limited

THE COMPANIES ACT (AS REVISED)

OF THE CAYMAN ISLANDS

COMPANY LIMITED BY SHARES

AMENDED AND RESTATED MEMORANDUM AND

ARTICLES OF ASSOCIATION

BY WAY OF SPECIAL RESOLUTION ON

15 APRIL 2024

RF ACQUISITION CORP II

THE COMPANIES ACT (AS REVISED)

OF THE CAYMAN ISLANDS

COMPANY LIMITED BY SHARES

AMENDED AND RESTATED MEMORANDUM OF ASSOCIATION

BY WAY OF SPECIAL RESOLUTION ON

15 APRIL 2024

RF ACQUISITION CORP II

The name of the Company is RF Acquisition Corp II.

The registered office of the Company will be situated at the offices of Appleby Global Services (Cayman) Limited, 71 Fort Street, PO Box 500, Grand Cayman, Cayman Islands,

KY1-1106 or at such other place within the Cayman Islands as the Directors may from time to time decide.

The objects for which the Company is established are unrestricted and the Company

shall have full power and authority to carry out any object not prohibited by the laws of the Cayman Islands.

The liability of each Member is limited to the amount, if any, unpaid on such Member’s shares.

The share capital of the Company is US$20,100 divided into 200,000,000 ordinary shares of a par value of US$0.0001 each, and 1,000,000 preference shares of a par

value of US$0.0001 each.

The Company has power to register by way of continuation as a body corporate limited

by shares under the laws of any jurisdiction outside the Cayman Islands and to be deregistered in the Cayman Islands.

Capitalised terms that are not defined in this amended and restated memorandum of association bear the respective meanings given to them in the amended and restated articles of association of the Company.

THE COMPANIES ACT (AS REVISED)

OF THE CAYMAN ISLANDS

COMPANY LIMITED BY SHARES

AMENDED AND RESTATED ARTICLES OF ASSOCIATION

BY WAY OF SPECIAL RESOLUTION ON

15 APRIL 2024

RF ACQUISITION CORP II

INTERPRETATION

1.1

In the Articles Table A in the First Schedule to the Statute does not apply and, unless

there is something in the subject or context inconsistent therewith:

Affiliate: means, with respect to a Person, any other person that, directly or indirectly, through

one or more intermediaries, Controls, is Controlled by, or is under common Control

with, such Person, and (a) in the case of a natural person, shall include such Person’s spouse, parents, children, siblings, mother-in-law and father-in-law and brothers and sisters-in-law, whether by blood, marriage or adoption or anyone residing in such

person’s home, a trust for the benefit of any of the foregoing, or a corporation, a company,

a partnership or any natural person or other entity wholly or jointly owned by any of the foregoing and (b) in the case of

an entity, shall include a corporation, a company, a partnership or any natural person or other entity which directly, or indirectly through one or more intermediaries, Controls,

is Controlled by, or is under common Control with, such entity. The term Affiliated has meaning correlative to the foregoing;

Applicable Law: means, with respect to any Person, all applicable provisions of all constitutions, treaties, statutes, laws (including the common law), codes, rules, regulations, ordinances or orders of any Governmental Authority, and any orders, decisions, injunctions, judgments, awards and decrees of or agreements with any Governmental

Authority;

Articles: means these amended and restated articles of association of the Company;

Audit Committee: means the audit committee of the board of Directors of the Company formed pursuant

to the Articles, or any successor committee;

Auditor: means the Person for the time being performing the duties of auditor of the Company

(if any);

Business Combination: means a merger, share exchange, asset acquisition, share purchase, reorganisation

or similar business combination involving the Company, with one or more businesses

or assets (the target business), which Business Combination: (a) as long as the securities of the Company are listed on a Designated Stock Exchange, must occur with one or more target businesses or assets with a fair market value equal

to at least 80 per cent of the net assets held in the Trust Account (net of amounts disbursed to management for working capital purposes, if permitted, and excluding the amount of

any deferred underwriting discount held in trust) at the time of signing the definitive

agreement to enter into such Business Combination; and (b) must not be effectuated

solely with another blank cheque company or a similar company with nominal operations;

business day: means any day other than a Saturday, a Sunday or a legal holiday or a day on which banking institutions or trust companies are authorised or obligated by law to close in New York City.

Clearing House: means a clearing house recognised by the laws of the jurisdiction in which the Shares (or depositary receipts therefor) are listed or quoted on a stock

exchange or interdealer quotation system in such jurisdiction.

Company: means the above named company;

Company’s Website: means the webiste of the Company and/or its web-address or domain name (if any);

Compensation Committee: means the compensation committee of the board of Directors of the Company established pursuant to the Articles, or any successor committee;

Control: means with respect to a Person, the power or authority, whether exercised or not, to direct the business, management and policies of such Person, directly or indirectly,

whether through the ownership of voting securities, by contract or otherwise; provided that such power or authority shall conclusively be presumed to exist upon possession of beneficial ownership or power to direct the vote of more than fifty per cent (50%) of the votes entitled to be cast at a meeting of the members or shareholders of such Person or

power to control the composition of a majority of the board of directors of such Person. The terms Controlled and Controlling have meanings correlative to the foregoing;

Designated Stock Exchange: means any national securities exchange or automated system on which the Company’s securities are listed for trading, including The Nasdaq Stock Market LLC;

Directors: means the directors for the time being of the Company;

Dividend: means any dividend (whether interim or final) resolved to be paid on Shares pursuant

to the Articles;

Electronic Communication: means a communication sent by electronic means, including electronic posting to the Company’s Website, transmission to any number, address or internet website (including the website of the United States Securities and Exchange Commission) or other electronic delivery methods as otherwise decided and approved by the Directors;

Electronic Record: has the same meaning as in the Electronic Transactions Act;

Electronic Transactions Act: means the Electronic Transactions Act (2003 Revision) of the Cayman Islands;

Founders: means the Sponsor and all Members immediately prior to the consummation of the IPO (excluding the Representative);

Governmental Authority: means any nation or government or any province or state or any other political subdivision thereof, or any entity, authority or body exercising

executive, legislative, judicial, regulatory or administrative functions of or pertaining

to government, including any court, tribunal, government authority, agency, department, board, commission or instrumentality or any political subdivision thereof, any court, tribunal

or arbitrator, and any self-regulatory organisation;

Indemnified Person: has the meaning ascribed to such term in Article 47.1;

Independent Director: has the same meaning as in the rules and regulations of the Designated Stock Exchange and/or in Rule 10A-3 under the US Exchange Act, as the case may be;

IPO: means the Company’s initial public offering of securities;

IPO Redemption: has the meaning given to it in Article 52.5;

Management: has the meaning given to it in Article 53.1;

Member: has the same meaning as in the Statute;

Memorandum: means the amended and restated memorandum of association of the Company;

Officer: means a person appointed to hold an office in the Company;

Ordinary Resolution: means a resolution:

(a)

passed by a simple majority of the Members as, being entitled to do so, vote in person

or, where proxies are allowed, by proxy at a general meeting of the Company and where a poll is taken regard shall be had in computing a majority to the number of votes to which each Member is entitled; or

(b)

approved in writing by all of the Members entitled to vote at a general meeting of the Company in one or more instruments each signed by one or more of the Members;

Ordinary Shares: means An ordinary share of a par value of US$0.0001 in the share capital of the Company;

Over-Allotment Option: means the option of the Underwriter to purchase up to an additional 15 per cent of

the units issued in the IPO;

Person: means any individual, corporation, company, limited liability company, partnership, limited partnership, exempted limited partnership, proprietorship, association, joint venture, institution, public benefit corporation, exempted company, firm, trust, estate

or other enterprise or entity (whether or not having a separate legal personality)

or Governmental Authority or any of them as the context so requires, other than in

respect of a Director or Officer of the Company in which circumstances Person shall

mean any individual or entity permitted to act as such in accordance with the laws

of the Cayman Islands;

Preference Share: means a preference share of a par value of US$0.0001 in the share capital of the Company;

Public Share: means an Ordinary Share issued as part of the units issued in the IPO;

Redemption Notice: means a notice in a form approved by the Company by which a holder of Public Shares is entitled to require the Company to redeem its Public Shares,

subject to any conditions contained therein.

Redemption Price: has the meaning given to it in Article 52.5;

(except where otherwise stated) any branch or duplicate register of Members;

Registered Office: means the registered office for the time being of the Company;

Representative: means a representative of the Underwriter;

Seal: means the common seal of the Company and includes every duplicate seal;

SEC: means the United States Securities and Exchange Commission;

Share: means an Ordinary Share or a Preference Share and includes a fraction of a share in the Company.

Share Premium Account: means the share premium account established in accordance with the Articles and the

Statute;

Special Resolution: has the same meaning in the Statute, and includes a unanimous written resolution;

Sponsor: means Alfa 24 Limited;

Statute: means the Companies Act (As Revised) of the Cayman Islands;

Treasury Share: means a Share held in the name of the Company as a treasury share in accordance with

the Statute;

Trust Account: means the trust account established by the Company upon the consummation of its IPO

and into which a certain amount of the net proceeds of the IPO, together with a certain

amount of the proceeds of a private placement of the securities simultaneously with the closing date of the IPO or otherwise, will be deposited;

Underwriter: means an underwriter of the IPO from time to time and any successor underwriter; and

US Exchange Act: means the United States Securities Exchange Act of 1934, as amended, or any similar U.S. federal statute and the rules and regulations of the

SEC thereunder, all as the same shall be in effect at the time.

1.2

In these Articles:

(a)

words importing the singular number include the plural number and vice versa;

(b)

words importing the masculine gender include the feminine gender;

(c)

words importing persons include corporations and any other legal or natural persons;

(d)

“written” and “in writing” include

all modes of representing or reproducing words in visible form, including in the form of an Electronic Record;

(e)

“shall” shall be construed as imperative and “may” shall be construed as permissive;

(f)

references to provisions of any law or regulation shall be construed as references

to those provisions as amended, modified, re-enacted or replaced;

(g)

any phrase introduced by the terms “including”, “include”, “in particular” or any similar expression shall be construed as illustrative and shall not limit the sense of the words preceding those terms;

(h)

the term “and/or” is used herein to mean both “and” as well as “or.” The use of “and/or”

in certain contexts in no respects qualifies or modifies the use of the terms “and” or “or” in others. The term “or” shall not be interpreted to be exclusive and the term “and” shall not be interpreted to require the conjunctive (in each case,

unless the context otherwise requires);

(i)

headings are inserted for reference only and shall be ignored in construing the Articles;

(j)

any requirements as to delivery under the Articles include delivery in the form of

an Electronic Record;

(k)

any requirements as to execution or signature under the Articles including the execution

of the Articles themselves can be satisfied in the form of an electronic signature

as defined in the Electronic Transactions Act;

(l)

sections 8 and 19(3) of the Electronic Transactions Act shall not apply;

(m)

the term “clear days” in relation to the period of a notice means that period excluding the day when the notice is received or deemed to be received and the day

for which it is given or on which it is to take effect;

(n)

the term “holder” in relation to a Share means a Person whose name is entered in the Register of Members as the holder of such Share;

(o)

reference to any determination by the Directors shall be construed as a determination by the Directors in their sole and absolute discretion and shall be

applicable either generally or in any particular case; and

(p)

reference to a dollar or dollars or USD or US$ or $ and to a cent or cents is reference to dollars and cents of the United States of America.

COMMENCEMENT OF BUSINESS

2.1

The business of the Company may be commenced as soon after incorporation of the Company as the Directors shall see fit.

2.2

The Directors may pay, out of the capital or any other monies of the Company, all expenses incurred in or about the formation and establishment of the Company, including the expenses of registration.

ISSUE OF SHARES AND OTHER SECURITIES

3.1

Subject to the provisions, if any, in the Memorandum (and to any direction that may be given by the Company in general meeting) and, where applicable, the rules and regulations of the Designated Stock Exchange, the SEC and/or any other competent regulatory authority

or otherwise under Applicable Law, and without prejudice to any rights attached to any existing Shares, the Directors may allot, issue, grant options over or otherwise dispose

of Shares (including fractions of a Share) with or without preferred, deferred or

other rights or restrictions, whether in regard to Dividends or other distributions, voting, return of capital or otherwise and to such Persons, at such times and on such other terms as they think proper, and may also (subject to the Statute and the Articles) vary such rights.

3.2

The Company may issue rights, options, warrants or convertible securities or securities

of similar nature conferring the right upon the holders thereof to subscribe for,

purchase or receive any class of Shares or other securities in the Company, upon such

terms as the Directors may from time to time determine and for such purposes the Directors may reserve an appropriate number of Shares for the time being unissued.

3.3

The Company may issue units of securities in the Company, which may be comprised of

whole or fractional Shares, rights, options, warrants or convertible securities or

securities of similar nature conferring the right upon the holders thereof to subscribe

for, purchase or receive any class or series of Shares or other securities in the

Company, upon such terms as the Directors may from time to time determine and for such purposes the Directors may reserve an appropriate number of Shares for

the time being unissued. The securities comprising any such units which are issued pursuant to the IPO can

only be traded separately from one another on the 90th day following the date of the

prospectus relating to the IPO unless the Representative(s) determines that an earlier

date is acceptable, subject to the Company having filed a current report on Form 8-K

with the SEC and a press release announcing when such separate trading will begin.

Prior to such date, the units can be traded, but the securities comprising such units

cannot be traded separately from one another.

3.4

The Company shall not issue Shares to bearer.

4.1

The Company shall maintain or cause to be maintained the Register of Members in accordance with the Statute.

4.2

The Directors may determine that the Company shall maintain one or more branch registers of Members in accordance with the Statute. The Directors may also determine which register of Members shall constitute the principal register and which shall constitute

the branch register or registers, and to vary such determination from time to time.

CLOSING OF REGISTER OF MEMBERS OR FIXING RECORD DATE

5.1

For the purpose of determining Members entitled to notice of, or to vote at any meeting

of Members or any adjournment thereof, or Members entitled to receive payment of any

Dividend or other distribution, or in order to make a determination of Members for any other purpose, the Directors may, by any means in accordance with the requirements

of the Designated Stock Exchange, the SEC and/or any other competent regulatory authority

or otherwise under Applicable Law, provide that the Register of Members shall be closed

for transfers for a stated period which shall not in any case exceed forty days.

5.2

In lieu of, or apart from, closing the Register of Members, the Directors may fix

in advance or arrears a date as the record date for any such determination of Members entitled to notice of, or to vote at any meeting of the Members or any adjournment thereof, or for the purpose of determining the Members entitled to receive payment of any Dividend or other distribution, or in order to make a determination of Members for any other purpose.

5.3

If the Register of Members is not so closed and no record date is fixed for the determination of Members entitled to notice of, or to vote at, a meeting of Members or Members entitled to receive payment of a Dividend or other distribution, the date on which notice of the meeting is sent or the date on which the resolution of the Directors resolving to pay such Dividend or other distribution is passed, as the case may be, shall be the record date for

such determination of Members. When a determination of Members entitled to vote at any meeting of Members has been made as provided in this Article, such determination shall apply to any adjournment thereof.

CERTIFICATES FOR SHARES

6.1

A Member shall only be entitled to a share certificate if the Directors resolve that

share certificates shall be issued. Share certificates representing Shares, if any,

shall be in such form as the Directors may determine. Share certificates shall be

signed by one or more Directors or other Person authorised by the Directors. The Directors may authorise certificates to be issued with the authorised signature(s) affixed by mechanical process.

All certificates for Shares shall be consecutively numbered or otherwise identified

and shall specify the Shares to which they relate. All certificates surrendered to

the Company for transfer shall be cancelled and, subject to the Articles, no new certificate shall be issued until the former certificate representing a like number of relevant Shares shall have

been surrendered and cancelled.

6.2

The Company shall not be bound to issue more than one certificate for Shares held jointly by more than one Person and delivery of a certificate to one joint holder shall be

a sufficient delivery to all of them.

6.3

If a share certificate is defaced, worn out, lost or destroyed, it may be renewed on such terms (if any) as to evidence and indemnity and on the payment of such expenses reasonably

incurred by the Company in investigating evidence, as the Directors may prescribe,

and (in the case of defacement or wearing out) upon delivery of the old certificate.

6.4

Every share certificate sent in accordance with the Articles will be sent at the risk

of the Member or other Person entitled to the certificate. The Company will not be

responsible for any share certificate lost or delayed in the course of delivery.

6.5

Share certificates shall be issued within the relevant time limit as prescribed by the Statute, if applicable, or as the rules and regulations of the Designated Stock Exchange,

the SEC and/or any other competent regulatory authority or otherwise under Applicable

Law may from time to time determine, whichever is shorter, after the allotment or, except in the case of a Share transfer which the Company is for the time being entitled to refuse to register and does not register, after lodgement of a Share transfer with the Company.

TRANSFER OF SHARES

7.1

Subject to the terms of the Articles, any Member may transfer all or any of their Shares by an instrument of transfer provided that such transfer complies with the rules and regulations of the Designated Stock Exchange, the SEC and/or any other competent regulatory authority

or otherwise under Applicable Law. If the Shares in question were issued in conjunction with rights, options, or warrants issued pursuant to the Articles on terms that one cannot be transferred

without the other, the Directors shall refuse to register the transfer of any such

Share without evidence satisfactory to them of the like transfer of such right, option, unit or warrant.

7.2

The instrument of transfer of any Share shall be in writing

in the usual or common form or in a form prescribed by the rules and regulations of the Designated Stock Exchange, the SEC and/or

any other competent regulatory authority or otherwise under Applicable Law or in any other form approved by the Directors and shall

be executed by or on behalf of the transferor (and if the Directors so require, signed by or on behalf of the transferee) and may be

under hand or, if the transferor or transferee is a Clearing House or its nominee(s), by hand or by machine imprinted signature or by such other manner of execution as the Directors

may approve from time to time. The transferor shall be deemed to remain the holder

of a Share until the name of the transferee is entered in the Register of Members.

REDEMPTION, REPURCHASE AND SURRENDER OF SHARES

8.1

Subject to the provisions of the Statute and the rules and regulations of the Designated Stock Exchange, the SEC and/or any other competent regulatory authority or otherwise

under Applicable Law, the Company may:

(a)

issue Shares that are to be redeemed or are liable to be redeemed at the option of the Member or the Company in such manner and upon such other terms as the Directors may determine before the issuance of the Shares; and

(b)

purchase its own Shares (including any redeemable Shares) in such manner and on such

other terms as the Directors may determine and agree with the relevant Member.

8.2

The Company may make a payment in respect of the redemption or purchase of its own

Shares in any manner permitted by the Statute, including out of capital.

8.3

With respect to redeeming or repurchasing the Shares:

(a)

Members who hold Public Shares are entitled to request the redemption of such Shares

in the circumstances described in Article 52;

(b)

Public Shares shall be repurchased by way of tender offer in the circumstances set out in Article 52; and

(c)

Ordinary Shares held by the Sponsor shall be surrendered by the Sponsor for no consideration

on a pro-rata basis to the extent that the Over-Allotment Option is not exercised

in full so that the Founders will own 20 per cent of the Company’s issued Shares after the IPO (exclusive of any securities purchased in a private

placement simultaneously with the IPO).

8.4

Subject to the provisions of the Statute, and, where applicable, the rules and regulations

of the Designated Stock Exchange, the SEC and/or any other competent regulatory authority

or otherwise under Applicable Law, the Company may purchase its own Shares (including

any redeemable Shares) in such manner and on such other terms as the Directors may agree with the relevant Member. For the avoidance of doubt, redemptions, repurchases

and surrenders of Shares in the circumstances described in the Article above shall

not require further approval of the Members.

8.5

Any Share in respect of which notice of redemption has been given shall not be entitled

to participate in the profits of the Company in respect of the period after the date

specified as the date of redemption in the Redemption Notice.

8.6

The redemption, purchase or surrender of any Share shall not be deemed to give rise to the redemption, purchase or surrender of any other Share.

8.7

The Company may make a payment in respect of the redemption or purchase of its own

Shares in any manner permitted by the Statute, including out of capital.

8.8

The Directors may accept the surrender for no consideration of any fully paid Share (including any redeemable share).

TREASURY SHARES

9.1

The Directors may, prior to the purchase, redemption or surrender of any Share, determine that such Share shall be held as a Treasury Share.

9.2

The Directors may determine to cancel a Treasury Share or transfer a Treasury Share

on such terms as they think proper (including, without limitation, for nil consideration).

10.

VARIATION OF SHARE RIGHTS

10.1

Subject to Article 3.1, if at any time the share capital of the Company is divided into different classes of Shares, all or any of the rights attached to any class (unless

otherwise provided by the terms of issue of the Shares of that class) may, whether or not the Company is being wound up, be varied without the consent of the holders of the issued Shares

of that class where such variation is considered by the Directors not to have a material

adverse effect upon such rights; otherwise, any such variation shall be made only with the consent in writing of the holders of not less than two-thirds of the issued Shares of that class,

or with the approval of a resolution passed by a majority of not less than two-thirds of the votes cast at a separate meeting of the holders of the Shares of that class. For the avoidance

of doubt, the Directors reserve the right, notwithstanding that any such variation

may not have a material adverse effect, to obtain consent from the holders of Shares

of the relevant class. To any such meeting all the provisions of the Articles relating to general meetings shall apply mutatis mutandis, except that the necessary quorum shall be one or more Persons holding or representing by proxy at least one-third of the issued Shares of the class (but so that if at any adjourned meeting of such holders a quorum as above defined is not present,

those Members who are present shall form a quorum) and that any holder of Shares of

the class present in person or by proxy may demand a poll.

10.2

For the purposes of a separate class meeting, the Directors may treat two or more or all the classes of Shares as forming one class of Shares if the Directors consider that

such class of Shares would be affected in the same way by the proposals under consideration, but

in any other case shall treat them as separate classes of Shares.

10.3

The rights conferred upon the holders of the Shares of any class issued with preferred

or other rights shall not, unless otherwise expressly provided by the terms of issue of the Shares of that class, be deemed to be varied by the creation or issue of further Shares ranking pari passu therewith or Shares issued with preferred or other rights. The registration of the Company by way of continuation as a body corporate under the

laws of any jurisdiction outside the Cayman Islands and the de-registration in the

Cayman Islands shall not constitute a variation of rights of attaching to any Shares.

11.

COMMISSION ON SALES OF SHARES

The Company may, in so far as the Statute permits, pay a commission to any Person

in consideration of that Person subscribing or agreeing to subscribe (whether absolutely or conditionally) or procuring or agreeing to procure subscriptions (whether absolutely

or conditionally) for any Shares. Such commissions may be satisfied by the payment of cash and/or the issue of fully or partly paid-up Shares. The Company may also on any

issue of Shares pay such brokerage as may be lawful.

12.

NON-RECOGNITION OF TRUSTS

The Company shall not be bound by or compelled to recognise in any way (even when

notified) any equitable, contingent, future or partial interest in any Share, or (except only as is otherwise provided by the Articles or the Statute) any other rights in respect of any Share other than an absolute right to the entirety thereof in the holder.

13.

LIEN ON SHARES

13.1

The Company shall have a first and paramount lien on all Shares (whether fully paid-up

or not) registered in the name of a Member (whether solely or jointly with others) for all debts, liabilities or engagements to or with the Company (whether presently payable or not) by such Member or their estate, either alone or jointly with any other Person, whether a Member or not, but the Directors may at any time declare any Share to be wholly or in part exempt from the provisions of this Article. The registration of a transfer of any such Share

shall operate as a waiver of the Company’s lien thereon. The Company’s lien on a Share shall also extend to any amount payable in respect of that Share.

13.2

The Company may sell, in such manner as the Directors think fit, any Shares on which

the Company has a lien, if a sum in respect of which the lien exists is presently

payable, and is not paid within fourteen clear days after notice has been received

or deemed to have been received by the holder of the Shares, or to the Person entitled

to it in consequence of the death or bankruptcy of the holder, demanding payment and

stating that if the notice is not complied with the Shares may be sold.

13.3

To give effect to any such sale the Directors may authorise any Person to execute

an instrument of transfer of the Shares sold to, or in accordance with the directions

of, the purchaser. The purchaser or their nominee shall be registered as the holder of the Shares comprised in any such transfer,

and they shall not be bound to see to the application of the purchase money, nor shall their title to the Shares be affected by any irregularity or invalidity in the sale or the exercise of the Company’s power of sale under the Articles.

13.4

The net proceeds of such sale after payment of costs, shall be applied in payment

of such part of the amount in respect of which the lien exists as is presently payable and any balance shall (subject to a like lien for sums not presently payable as existed upon the Shares before the sale) be paid to the Person entitled to the Shares at the date of the sale.

14.

CALLS ON SHARES

14.1

Subject to the terms of the allotment and issue of any Shares, the Directors may make calls upon the Members in respect of any monies unpaid on their Shares (whether in

respect of par value or premium), and each Member shall (subject to receiving at least

fourteen clear days’ notice specifying the time or times of payment) pay to the Company at the time or

times so specified the amount called on the Shares. A call may be revoked or postponed,

in whole or in part, as the Directors may determine. A call may be required to be

paid by instalments. A Person upon whom a call is made shall remain liable for calls made upon them notwithstanding the subsequent transfer of the Shares in respect of which the call was made.

14.2

A call shall be deemed to have been made at the time when the resolution of the Directors

authorising such call was passed.

14.3

The joint holders of a Share shall be jointly and severally liable to pay all calls

in respect thereof.

14.4

If a call remains unpaid after it has become due and payable, the Person from whom it is due shall pay interest on the amount unpaid from the day it became due and payable

until it is paid at such rate as the Directors may determine (and in addition all

expenses that have been incurred by the Company by reason of such non-payment), but the Directors may waive payment of the interest or expenses wholly or in part.

14.5

An amount payable in respect of a Share on issue or allotment or at any fixed date, whether on account of the par value of the Share or premium or otherwise, shall be

deemed to be a call and if it is not paid all the provisions of the Articles shall

apply as if that amount had become due and payable by virtue of a call.

14.6

The Directors may issue Shares with different terms as to the amount and times of payment of calls, or the interest to be paid.

14.7

The Directors may, if they think fit, receive an amount from any Member willing to

advance all or any part of the monies uncalled and unpaid upon any Shares held by

that Member, and may (until the amount would otherwise become payable) pay interest at such rate

as may be agreed upon between the Directors and the Member paying such amount in advance.

14.8

No such amount paid in advance of calls shall entitle the Member paying such amount to any portion of a Dividend or other distribution payable in respect of any period prior to the date upon which such amount would, but for such

payment, become payable.

15.

FORFEITURE OF SHARES

15.1

If a call or instalment of a call remains unpaid after it has become due and payable

the Directors may give to the Person from whom it is due not less than fourteen clear days’ notice requiring payment of the amount unpaid together with any interest which may have accrued and any expenses incurred by the Company by reason of such non-payment. The notice shall specify where payment is to be made and shall state that if the notice is not

complied with the Shares in respect of which the call was made will be liable to be

forfeited.

15.2

If the notice is not complied with, any Share in respect of which it was given may, before the payment required by the notice has been made, be forfeited by a resolution of the Directors. Such forfeiture shall include all Dividends, other distributions or other

monies payable in respect of the forfeited Share and not paid before the forfeiture.

15.3

A forfeited Share may be sold, re-allotted or otherwise disposed of on such terms and in such manner as the Directors think fit and at any time before a sale, re-allotment

or disposition the forfeiture may be cancelled on such terms as the Directors think

fit. Where for the purposes of its disposal a forfeited Share is to be transferred to any Person the Directors may authorise some Person to execute an instrument of transfer of the Share in favour

of that Person.

15.4

A Person any of whose Shares have been forfeited shall cease to be a Member in respect

of them and shall surrender to the Company for cancellation the certificate for the

Shares forfeited and shall remain liable to pay to the Company all monies which at

the date of forfeiture were payable by that Person to the Company in respect of those Shares together with interest at such rate as the Directors may determine, but that Person’s liability shall cease if and when the Company shall have received payment in full of all monies due and payable

by them in respect of those Shares.

15.5

A certificate in writing under the hand of one Director or

Officer that a Share has been forfeited on a specified date shall be conclusive evidence of the facts stated in it as against all

Persons claiming to be entitled to the Share. The certificate shall (subject to the execution of an instrument of transfer)

constitute a good title to the Share and the Person to whom the Share is sold or otherwise disposed of shall not be bound to see to

the application of the purchase money, if any, nor shall their title to the Share be affected by any irregularity or invalidity in the proceedings in reference to the forfeiture, sale

or disposal of the Share.

15.6

The provisions of the Articles as to forfeiture shall apply in the case of non-payment

of any sum which, by the terms of issue of a Share, becomes payable at a fixed time,

whether on account of the par value of the Share or by way of premium as if it had

been payable by virtue of a call duly made and notified.

16.

TRANSMISSION OF SHARES

16.1

If a Member dies, the survivor or survivors (where they were was a joint holder), or their legal personal representatives (where they were was a sole holder), shall be the only Persons recognised by the Company as having any title to the deceased Member’s Shares. The estate of a deceased Member is not thereby released from any liability in respect of any Share, for which the Member was a joint or sole holder.

16.2

Any Person becoming entitled to a Share in consequence of the death or bankruptcy

or liquidation or dissolution of a Member (or in any other way than by transfer) may, upon such evidence being produced as may be required by the Directors, elect, by a notice

in writing sent by that Person to the Company, either to become the holder of such Share or to have some Person nominated by them registered as the holder of such Share. If they elect to have another Person registered as the holder of such Share they shall sign an instrument of transfer of that Share to that Person. The Directors shall, in either case, have the same right

to decline or suspend registration as they would have had in the case of a transfer

of the Share by the relevant Member before their death or bankruptcy or liquidation or dissolution or any other case than by transfer,

as the case may be.

16.3

A Person becoming entitled to a Share by reason of the death or bankruptcy or liquidation or dissolution of a Member (or in any other case than by transfer) shall be entitled to the same Dividends, other distributions and other advantages to which they would be entitled if they were the holder of such Share. However, they shall not, before becoming a Member in respect of a Share, be entitled in respect

of it to exercise any right conferred by membership in relation to general meetings of the Company and the Directors may at any time give notice requiring any such Person to elect either to be registered or to have some Person

nominated by them be registered as the holder of the Share (but the Directors shall, in either case, have the same right to decline or suspend registration as they would have had in the

case of a transfer of the Share by the relevant Member before their death or bankruptcy or liquidation or dissolution or any other case than by transfer,

as the case may be). If the notice is not complied with within ninety days of being received or deemed to be received (as determined pursuant to the Articles) the Directors may thereafter withhold payment

of all Dividends, other distributions, bonuses or other monies payable in respect

of the Share until the requirements of the notice have been complied with.

17.

AMENDMENTS OF MEMORANDUM AND ARTICLES OF ASSOCIATION AND ALTERATION OF CAPITAL

17.1

The Company may by Ordinary Resolution:

(a)

increase its share capital by such sum as the Ordinary Resolution shall prescribe and with such rights, priorities and privileges annexed thereto;

(b)

consolidate and divide all or any of its share capital into Shares of larger amount than its existing Shares;

(c)

convert all or any of its paid-up Shares into stock, and reconvert that stock into paid- up Shares of any denomination;

(d)

by subdivision of its existing Shares or any of them divide the whole or any part of its share capital into Shares of smaller amount than is fixed by the Memorandum or into Shares without par value; and

(e)

cancel any Shares that at the date of the passing of the Ordinary Resolution have not been taken or agreed to be taken by any Person and diminish the amount of its share capital by the amount of the Shares so cancelled.

17.2

All new Shares created in accordance with the provisions of the preceding Article

shall be subject to the same provisions of the Articles with reference to the payment

of calls, liens, transfer, transmission, forfeiture and otherwise as the Shares in

the original share capital.

17.3

Subject to the provisions of the Statute, the provisions of the Articles as regards the matters to be dealt with by Ordinary Resolution, the Company may by Special Resolution:

(a)

change its name;

(b)

alter or add to the Articles;

(c)

alter or add to the Memorandum with respect to any objects, powers or other matters specified therein; and

(d)

reduce its share capital or any capital redemption reserve fund.

18.

OFFICES AND PLACE OF BUSINESS

Subject to the provisions of the Statute, the Company may by resolution of the Directors

change the location of its Registered Office. The Company may, in addition to its Registered Office, maintain such other offices or places of business as the Directors

determine.

19.

GENERAL MEETINGS

19.1

All general meetings other than annual general meetings shall be called extraordinary general meetings.

19.2

The Company may, but shall not (unless required by the Statute or, for so long as any Shares are traded on a Designated Stock Exchange) be obliged to, in each year hold

a general meeting as its annual general meeting, and shall specify the meeting as

such in the notices calling it. Any annual general meeting shall be held at such time

and place as the Directors shall appoint. At these meetings the report of the Directors

(if any) shall be presented.

19.3

The Directors or the chairman of the board of Directors may, whenever they think fit,

call general meetings.

19.4

Members seeking to bring business before the annual general meeting or to nominate

candidates for appointment as Directors at the annual general meeting must deliver

notice to the principal executive offices of the Company not less than one hundred

and twenty calendar days before the date of the Company’s proxy statement released to Members in connection with the previous year’s annual general meeting or, if the Company did not hold an annual general meeting

the previous year, or if the date of the current year’s annual general meeting has been changed by more than thirty days from the date of

the previous year’s annual general meeting, then the deadline shall be set by the Directors with such

deadline being a reasonable time before the Company begins to print and send its related

proxy materials.

20.

NOTICE OF GENERAL MEETINGS

20.1

At least five clear days’ notice shall be given of any general meeting. Every notice shall specify the place, the day and the hour of the meeting and the general nature of the business to be conducted at the general meeting and shall be given in the manner hereinafter mentioned or in such other manner if any as may be prescribed by the Company by Ordinary Resolution to such Persons as are, under the Articles, entitled to receive such notices from the Company, provided that a general meeting of the Company shall, whether or not the notice specified in this Article has been given and whether or not the provisions of the Articles regarding general meetings have been complied with, be deemed to have been duly convened if it is so agreed:

(a)

in the case of an annual general meeting, by all of the Members entitled to attend and vote thereat; and

(b)

in the case of an extraordinary general meeting, by a majority in number of the Members having a right to attend and vote at the meeting, together holding not less than ninety-five per cent in par value of the Shares giving that right.

20.2

The accidental omission to give notice of a general meeting to, or the non-receipt of notice of a general meeting by, any Person entitled to receive such

notice shall not invalidate the proceedings of that general meeting.

21.

PROCEEDINGS AT GENERAL MEETINGS

21.1

No business shall be transacted at any general meeting unless a quorum is present. Save as otherwise provided by the Articles, one or more Members holding at least a majority

of the paid up voting share capital of the Company present in person or by proxy and

entitled to vote at that meeting, or if a corporation or other non-natural person

by its duly authorized representative or proxy shall form a quorum.

21.2

A Person may participate at a general meeting by conference telephone, video, a virtual

platform or other communications equipment by means of which all the Persons participating in the meeting can communicate with each other. Participation by a Person

in a general meeting in this manner is treated as presence in person at that meeting.

21.3

A resolution (including a Special Resolution) in writing (in one or more counterparts) signed by or on behalf of all of the Members for the time being entitled to receive

notice of and to attend and vote at general meetings (or, being corporations or other

non-natural persons, signed by their duly authorised representatives) shall be as

valid and effective as if the resolution had been passed at a general meeting of the

Company duly convened and held.

21.4

If a quorum is not present within half an hour from the time appointed for the meeting

to commence, the meeting shall stand adjourned to the same day in the next week at the same time and/or place or to such other day, time and/or place as the Directors may

determine, and if at the adjourned meeting a quorum is not present within half an

hour from the time appointed for the meeting to commence, the Members present shall

be a quorum.

21.5

The Directors may, at any time prior to the time appointed for the meeting to commence,

appoint any Person to act as chairman of a general meeting of the Company or, if the

Directors do not make any such appointment, the chairman, if any, of the board of Directors shall preside as chairman at such general meeting. If there is no such chairman, or if he shall not be present within fifteen minutes after the time appointed for the meeting to commence, or is unwilling to act, the Directors present shall elect one of their number to be chairman of the meeting.

21.6

If no Director is willing to act as chairman or if no Director is present within fifteen

minutes after the time appointed for the meeting to commence, the Members present

shall choose one of their number to be chairman of the meeting.

21.7

The chairman may, with the consent of a meeting at which a

quorum is present (and shall if so directed by the meeting) adjourn the meeting from time to time and from place to place, but no business shall be transacted at any adjourned meeting other than the business

left unfinished at the meeting from which the adjournment took place.

21.8

When a general meeting is adjourned for thirty days or more, notice of the adjourned meeting shall be given as in the case of an original meeting. Otherwise it shall not

be necessary to give any such notice of an adjourned meeting. All proxy forms submitted for the original general meeting shall remain valid for the postponed meeting. The Directors may postpone a general meeting which has already been postponed.

21.9

A resolution put to the vote of the meeting shall be decided on a poll.

21.10

If, prior to a Business Combination, a notice is issued in respect of a general meeting and the Directors, in their absolute discretion, consider that it is impractical or undesirable

for any reason to hold that general meeting at the place, the day and the hour specified in the notice calling such general meeting, the Directors may postpone the general meeting

to another place, day and/or hour provided that notice of the place, the day and the

hour of the rearranged general meeting is promptly given to all Members. No business shall be transacted at any postponed meeting other than the business specified in the notice

of the original meeting.

21.11

A poll shall be taken in such manner as the chairman directs, and the result of the poll shall be deemed to be the resolution of the general meeting

at which the poll was demanded.

21.12

In the case of an equality of votes the chairman of the general meeting shall be entitled to a second or casting vote.

21.13

A poll on the election of a chairman or on a question of adjournment shall be taken forthwith. A poll on any other question shall be taken at such date, time and place

as the chairman of the general meeting directs, and any business other than that upon

which a poll has been demanded or is contingent thereon may proceed pending the taking

of the poll.

22.

VOTES OF MEMBERS

22.1

Subject to any rights or restrictions attached to any Shares, every Member who being

an individual is present in person or by proxy or, if a corporation or other non-natural person is present by its duly authorised representative or by proxy, shall have one vote for every Share of which they are the holder.

22.2

In the case of joint holders the vote of the senior holder who tenders a vote, whether

in person or by proxy (or, in the case of a corporation or other non-natural person, by its duly authorised representative or proxy), shall be accepted to the exclusion

of the votes of the other joint holders, and seniority shall be determined by the order in which the names of the holders stand in the Register of Members.

22.3

A Member of unsound mind, or in respect of whom an order has been made by any court,

having jurisdiction in lunacy, may vote, whether on a show of hands or on a poll,

by their committee, receiver, curator bonis, or other Person on such Member’s behalf appointed by that court, and any such committee, receiver, curator bonis

or other Person may vote by proxy.

22.4

No Person shall be entitled to vote at any general meeting unless they are registered as a Member on the record date for such meeting nor unless all calls or other monies then payable by him them in respect of Shares have been paid.

22.5

No objection shall be raised as to the qualification of any voter except at the general meeting or adjourned general meeting at which the vote objected to is given or tendered

and every vote not disallowed at the meeting shall be valid. Any objection made in

due time in accordance with this Article shall be referred to the chairman whose decision

shall be final and conclusive.

22.6

Votes may be cast either personally or by proxy (or in the case of a corporation or other non- natural person by its duly authorised representative or proxy). A Member may appoint more than one proxy or the same proxy under one or more instruments to attend and

vote at a meeting. Where a Member appoints more than one proxy the instrument of proxy

shall specify the number of Shares in respect of which each proxy is entitled to exercise the related votes.

22.7

A Member holding more than one Share need not cast the votes in respect of their Shares in the same way on any resolution and therefore may vote a Share or some or all such Shares either for or against a resolution and/or abstain from voting a Share or some

or all of the Shares and, subject to the terms of the instrument appointing they proxy, a proxy appointed under one or more instruments may vote a Share or some or all of the Shares in respect

of which they are appointed either for or against a resolution and/or abstain from voting a Share or some or all of the Shares in respect of which they are appointed.

23.

PROXIES

23.1

The instrument appointing a proxy shall be in writing and shall be executed under

the hand of the appointor or of their attorney duly authorised in writing, or, if the appointor is a corporation or other non-natural person, under the hand of its duly authorised representative. A proxy need not be a Member.

23.2

The Directors may, in the notice convening any meeting or adjourned meeting, or in

an instrument of proxy sent out by the Company, specify the manner by which the instrument

appointing a proxy shall be deposited and the place and the time (being not later

than the time appointed for the commencement of the meeting or adjourned meeting to

which the proxy relates) at which the instrument appointing a proxy shall be deposited. In the absence of any such direction from the Directors in the notice convening any meeting or adjourned

meeting or in an instrument of proxy sent out by the Company, the instrument appointing a proxy shall be deposited physically at the Registered Office not less than 48 hours before the time appointed for the meeting or adjourned meeting to commence at which the Person

named in the instrument proposes to vote.

23.3

The chairman may in any event at his discretion declare that an instrument of proxy shall be deemed to have been duly deposited. An instrument of proxy that is not deposited

in the manner permitted, or which has not been declared to have been duly deposited

by the chairman, shall be invalid.

23.4

The instrument appointing a proxy may be in any usual or common form (or such other form as the Directors may approve) and may be expressed to be for a particular meeting

or any adjournment thereof or generally until revoked. An instrument appointing a

proxy shall be deemed to include the power to demand or join or concur in demanding

a poll.

23.5

Votes given in accordance with the terms of an instrument of proxy shall be valid

notwithstanding the previous death or insanity of the principal or revocation of the proxy or of the authority under which the proxy was executed, or the transfer of the Share in respect of which the proxy is given unless notice in writing of such death, insanity,

revocation or transfer was received by the Company at the Registered Office before the commencement of the general meeting, or adjourned meeting at which it is sought to use the proxy.

24.

CORPORATE MEMBERS

Any corporation or other non-natural person which is a Member may in accordance with

its constitutional documents, or in the absence of such provision by resolution of its directors or other governing body, authorise such Person as it thinks fit to act as its representative at any meeting of the Company or of any class of Members, and the Person so authorised

shall be entitled to exercise the same powers on behalf of the corporation which they represent as the corporation could exercise if it were an individual Member.

25.

CLEARING HOUSES

If a Clearing House (or its nominee(s)), being a corporation, is a Member it may authorise

such Person or Persons as it thinks fit to act as its representative or representatives

at any general meeting of the Company or at any meeting of any class of Members provided that, if more than one Person is so authorised, the authorisation shall specify the number and class of Shares in respect of which each such Person is so authorised. A Person so

authorised pursuant to this Article shall be deemed to have been duly authorised without

further evidence of the facts and be entitled to exercise the same powers on behalf

of the clearing house (or its nominee(s)) which he represents as if such Person was the registered holder of such Shares held by the Clearing House (or its nominee(s)).

26.

SHARES THAT MAY NOT BE VOTED

Shares in the Company that are beneficially owned by the Company shall not be voted,

directly or indirectly, at any meeting and shall not be counted in determining the total number of outstanding Shares at any given time.

27.

DIRECTORS

26.1

There shall be a board of Directors consisting of not less than one person (exclusive of alternate directors) provided however that the Company may by Ordinary Resolution increase or reduce the

limits in the number of Directors.

26.2

The Directors shall be divided into three classes: Class I, Class II and Class III.

The number of Directors in each class shall be as nearly equal as possible. Upon the

adoption of the Articles, the existing Directors shall by resolution classify themselves

as Class I, Class II or Class III Directors. The Class I Directors shall stand appointed

for a term expiring at the Company’s first annual general meeting, the Class II Directors shall stand appointed for a

term expiring at the Company’s second annual general meeting and the Class III Directors shall stand appointed

for a term expiring at the Company’s third annual general meeting. Commencing at the Company’s first annual general meeting, and at each annual general meeting thereafter, Directors

appointed to succeed those Directors whose terms expire shall be appointed for a term

of office to expire at the third succeeding annual general meeting after their appointment.

Except as the Statute or other Applicable Law may otherwise require, in the interim

between annual general meetings or extraordinary general meetings called for the appointment

of Directors and/or the removal of one or more Directors and the filling of any vacancy

in that connection, additional Directors and any vacancies in the board of Directors,

including unfilled vacancies resulting from the removal of Directors for cause, may

be filled by the vote of a majority of the remaining Directors then in office, although

less than a quorum (as defined in the Articles), or by the sole remaining Director.

All Directors shall hold office until the expiration of their respective terms of

office and until their successors shall have been appointed and qualified. A Director

appointed to fill a vacancy resulting from the death, resignation or removal of a

Director shall serve for the remainder of the full term of the Director whose death,

resignation or removal shall have created such vacancy and until their successor shall

have been appointed and qualified.

28.

POWERS OF DIRECTORS

28.1

Subject to the provisions of the Statute, the Memorandum and the Articles and to any

directions given by Special Resolution, the business of the Company shall be managed by the Directors who may exercise all the powers of the Company. No alteration of the Memorandum or Articles and no such direction shall invalidate any prior act of the

Directors which would have been valid if that alteration had not been made or that direction had not been given. A duly convened meeting of the Directors at which a quorum is present may exercise all powers exercisable by the Directors.

28.2

All cheques, promissory notes, drafts, bills of exchange and other negotiable or transferable instruments and all receipts for monies paid to the Company shall be

signed, drawn, accepted, endorsed or otherwise executed, as the case may be, in such

manner as the Directors shall determine by resolution.

28.3

The Directors on behalf of the Company may pay a gratuity or pension or allowance

on retirement to any Director who has held any other salaried office or place of profit

with the Company or to their surviving spouse, civil partner or widow or dependants and may make contributions to any fund and pay premiums for the

purchase or provision of any such gratuity, pension or allowance.

28.4

The Directors may exercise all the powers of the Company to borrow money and to mortgage or charge its undertaking, property and assets (present and future) and uncalled

capital or any part thereof and to issue debentures, debenture stock, mortgages, bonds and other such securities whether outright or as security for any debt, liability or obligation of the Company or of any third party.

28.5

The Directors shall have the authority to present a winding up petition on behalf

of the Company without the sanction of a resolution passed by the Company in general

meeting.

29.

APPOINTMENT AND REMOVAL OF DIRECTORS

29.1

The Company may by Ordinary Resolution appoint any Person to be a Director or may

by Ordinary Resolution remove any Director. The Directors may appoint any Person to

be a Director, either to fill a vacancy or as an additional Director, provided that

the appointment does not cause the number of Directors to exceed any number fixed by or in accordance with the Articles as the maximum number of Directors.

29.2

After the closing of a Business Combination, the Company may by Ordinary Resolution

appoint any person to be a Director or may by Ordinary Resolution remove any Director.

30.

VACATION OF OFFICE OF DIRECTOR

The office of a Director shall be vacated if:

(a)

the Director gives notice in writing to the Company that they resign the office of Director; or

(b)

the Director is absent (for the avoidance of doubt, without being represented by proxy or an alternate Director

appointed by him) from three consecutive meetings of the board of Directors without

special leave of absence from the Directors, and the Directors pass a resolution that

they have by reason of such absence vacated office; or

(c)

the Director dies, becomes bankrupt or makes any arrangement or composition with their creditors generally; or

(d)

the Director is found to be or becomes of unsound mind; or

(e)

all of the other Directors (being not less than two in number) determine that the Director should be removed as a Director, either by a resolution passed by all of the other Directors at a meeting of the Directors duly convened and held in accordance with the Articles or by a resolution in writing signed by all of the other Directors;

(f)

the Director is removed from office pursuant to any other provision of the Articles.

31.

PROCEEDINGS OF DIRECTORS

31.1

The quorum for the transaction of the business of the Directors may be fixed by the Directors, and unless so fixed shall be a majority of the Directors then in office.

31.2

Subject to the provisions of the Articles, the Directors may regulate their proceedings as they think fit. Questions arising at any meeting of the Directors shall be decided by a majority of votes. In the case of an equality of votes, the chairman shall have a second or casting vote. A Director who is also an alternate Director shall be entitled in the absence

of his appointor to a separate vote on behalf of his appointor in addition to his

or her own vote.

31.3

A Person may participate in a meeting of the Directors or any committee of Directors

by conference telephone, video, a virtual platform or other communications equipment

by means of which all the Persons participating in the meeting can communicate with each other at the same time. Participation by a Person in a meeting in this manner is treated as presence in person at that meeting. Unless otherwise determined by the Directors the

meeting shall be deemed to be held at the place where the chairman is located at the start of the meeting.

31.4

A resolution in writing (in one or more counterparts) signed by all the Directors

or all the members of a committee of the Directors or, in the case of a resolution in writing relating to the removal of any Director or the vacation of office by any Director, all of the Directors other than the Director who is the subject of such resolution (an alternate Director

being entitled to sign such a resolution on behalf of his appointor and if such alternate

Director is also a Director, being entitled to sign such resolution both on behalf

of his appointer and in his capacity as a Director) shall be as valid and effectual

as if it had been passed at a meeting of the Directors, or committee of Directors

as the case may be, duly convened and held.

31.5

A Director may, or other Officer of the Company on the direction of a Director, call a meeting of the Directors by at least two days’ notice in writing to every Director and alternate Director which notice shall set forth the general nature of the business to be considered unless notice is waived by all the Directors (or their alternates) either at, before or after

the meeting is held. To any such notice of a meeting of the Directors all the provisions of the Articles relating to the giving of notices by the Company to the Members shall apply mutatis mutandis.

31.6

The continuing Directors (or a sole continuing Director, as the case may be) may act

notwithstanding any vacancy in their body, but if and so long as their number is reduced

below the number fixed by or pursuant to the Articles as the necessary quorum of Directors the continuing Directors or Director may act for the purpose of increasing

the number of Directors to be equal to such fixed number, or of summoning a general

meeting of the Company, but for no other purpose.

31.7

The Directors may elect a chairman of their board and determine the period for which he or she is to hold office, but if no such chairman is elected, or if at any meeting the chairman is not present within five minutes after the time appointed for the meeting to commence,

the Directors present may choose one of their number to be chairman of the meeting.

31.8

Subject to any regulations imposed on it by the Directors, including where the Directors have designated a chairman of the committee, a committee appointed by the Directors may elect a chairman of its meetings and determine the period for which he is to hold office; but if no such chairman is elected, or if at any meeting the chairman is not present within five minutes after the time appointed for the meeting to commence, the committee members present may choose one of their number to be chairman of the meeting.

31.9

A committee appointed by the Directors may meet and adjourn as it thinks proper. Subject

to any regulations imposed on it by the Directors, questions arising at any committee meeting shall be determined by a majority of votes of the committee members present and in case of an equality of votes the chairman shall have a second or casting vote.

31.10

All acts done by any meeting of the Directors or of a committee of the Directors (including

any Person acting as an alternate Director) shall, notwithstanding that it is afterwards

discovered that there was some defect in the appointment of any Director or alternate

Director, and/or that they or any of them were disqualified, and/or had vacated their

office and/or were not entitled to vote, be as valid as if every such Person had been duly appointed and/or not disqualified to be a Director or alternate Director and/or had

not vacated their office and/or had been entitled to vote, as the case may be.

31.11

A Director but not an alternate Director may be represented at any meetings of the board of Directors by a proxy appointed in writing by him. The proxy shall count towards the quorum and the vote of the proxy shall for all purposes be deemed to be that of the

appointing Director.

32.

PRESUMPTION OF ASSENT

A Director or alternate Director who is present at a meeting of the board of Directors at which action on any Company matter is taken shall be presumed to have assented to

the action taken unless their dissent shall be entered in the minutes of the meeting or unless they shall file their written dissent from such action with the Person acting as the chairman of the meeting

before the adjournment thereof or shall forward such dissent by registered post to

such Person immediately after the adjournment of the meeting. Such right to dissent

shall not apply to a Director or alternate Director who voted in favour of such action.

33.

DIRECTORS’ INTERESTS

33.1

A Director or alternate Director may hold any other office or place of profit under the Company (other than the office of Auditor) in conjunction with their office of Director for such period and on such terms as to remuneration and otherwise as the Directors may determine.

33.2

A Director or alternate Director may act on their own or by, through or on behalf of their firm, in a professional capacity for the Company and they or their firm shall be entitled to remuneration for professional services as if they were not a Director or alternate Director.

33.3

A Director or alternate Director may be or become a director or other Officer of or otherwise interested in any company promoted by the Company or in which the Company

may be interested as a shareholder, a contracting party or otherwise, and no such

Director or alternate Director shall be accountable to the Company for any remuneration or other benefits received by them as a director or Officer of, or from their interest in, such other company.

33.4

No Person shall be disqualified from the office of Director or alternate Director

or prevented by such office from contracting with the Company, either as vendor, purchaser or otherwise, nor shall any such contract or any contract or transaction entered into by or on behalf of the Company in which any Director or alternate Director shall be in any way interested be or be liable to be avoided, nor shall any Director or alternate Director so contracting

or being so interested be liable to account to the Company for any profit realised

by or arising in connection with any such contract or transaction by reason of such

Director or alternate Director holding office or of the fiduciary relationship thereby established. A Director (or his alternate Director in his absence) shall be

at liberty to vote in respect of any contract or transaction in which they are interested provided that the nature of the interest of any Director or alternate Director in any such contract or transaction shall be disclosed by them at or prior to its consideration and any vote thereon.

33.5

A general notice that a Director or alternate Director is a shareholder, director,

Officer or employee of any specified firm or company and is to be regarded as interested

in any transaction with such firm or company shall be sufficient disclosure for the purposes of voting on a resolution in respect of a contract or transaction in which they have an interest, and after such general notice it shall not be necessary to give special

notice relating to any particular transaction.

34.

MINUTES

34.1

The Directors shall cause minutes to be made in books kept for the purpose of recording all appointments of Officers made by the Directors, all proceedings at meetings of the Company or the holders of any class of Shares and of the Directors, and of committees of the Directors, including the names of the Directors or alternate Directors present at

each meeting.

35.

DELEGATION OF DIRECTORS’ POWERS

35.1

The Directors may delegate any of their powers, authorities and discretions, including

the power to sub-delegate, to any committee consisting of one or more Directors (including,

without limitation, the Audit Committee, and the Compensation Committee); any committee so formed shall in the exercise of the powers so delegated conform to any conditions that may be imposed on it by the

Directors. The Directors may also delegate to any managing director or any Director holding any other executive office such of their powers, authorities and discretions as they consider

desirable to be exercised by him provided that an alternate Director may not act as managing director and the appointment of a managing director shall be revoked forthwith if

he ceases to be a Director. Any such delegation may be made subject to any conditions

the Directors may impose and either collaterally with or to the exclusion of their

own powers and any such delegation may be revoked or altered by the Directors. Subject

to any such conditions that may be imposed by the Directors, the proceedings of a committee of Directors shall be governed by the Articles regulating the proceedings of Directors, so far as they are

capable of applying.

35.2

The Directors may establish any committees, local boards or agencies or appoint any Person to be a manager or agent for managing the affairs of the Company and may

appoint any Person to be a member of such committees, local boards or agencies and such Person need not be a Director or Officer of the Company. Any such appointment may be made subject to any conditions the Directors may impose, and either collaterally with or to the

exclusion of their own powers and any such appointment may be revoked or altered by

the Directors. Subject to any such conditions that may be imposed by the Directors, the proceedings of any such committee, local board or agency shall be governed by the Articles regulating

the proceedings of Directors, so far as they are capable of applying.

35.3

The Directors may adopt formal written charters for committees as may be required from time to time by the rules and regulations of the Designated

Stock Exchange, the SEC and/or any other competent regulatory authority or otherwise under Applicable Law. Each of these committees shall be empowered to do all things necessary to exercise the

rights of such committee set forth in the Articles and shall have such powers as the

Directors may delegate pursuant to the Articles and as required by the rules and regulations

of the Designated Stock Exchange, the SEC and/or any other competent regulatory authority

or otherwise under Applicable Law. Each of the Audit Committee, and the Compensation Committee, if established, shall consist of such number of Directors as the Directors

shall from time to time determine (or such minimum number as may be required from

time to time by the rules and regulations of the Designated Stock Exchange, the SEC

and/or any other competent regulatory authority or otherwise under Applicable Law).

For so long as any class of Shares is listed on the Designated Stock Exchange, the

Audit Committee, and the Compensation Committee shall be made up of such number of Independent Directors

as is required from time to time by the rules and regulations of the Designated Stock

Exchange, the SEC and/or any other competent regulatory authority or otherwise under

Applicable Law.

35.4

The Directors may by power of attorney or otherwise appoint any Person to be the agent

of the Company on such conditions as the Directors may determine, provided that the

delegation is not to the exclusion of their own powers and may be revoked by the Directors

at any time.

35.5

The Directors may by power of attorney or otherwise appoint any company, firm, Person

or body of Persons, whether nominated directly or indirectly by the Directors, to be the attorney or authorised signatory of the Company for such purpose and with such powers,

authorities and discretions (not exceeding those vested in or exercisable by the Directors

under the Articles) and for such period and subject to such conditions as they may

think fit, and any such powers of attorney or other appointment may contain such provisions for the protection and convenience of Persons dealing with any such attorneys or authorised signatories as the Directors may think fit and may also authorise any such attorney or authorised signatory to delegate all or any of the powers, authorities and discretions vested in them.

35.6

The Directors may from time to time appoint any Person, whether or not a Director,

to hold such office in the Company as the Directors may think necessary for the administration

of the Company (including, for the avoidance of doubt and without limitation (being one or more) a chairman, chief executive officer, president, chief operating officer, chief financial officer,

vice-presidents, secretary, assistant secretaries, treasurer or any other officers as may be determined by the Directors), for such term and at such remuneration (whether by way of salary or commission or participation in profits or partly in one way and partly in another),

and with such powers and duties as the Directors may think fit. Any Person so appointed

by the Directors may be removed by resolution of the Directors or by the Company by Ordinary Resolution. An Officer of the Company may vacate his office at any time if he gives notice in writing to the Company that he resigns his office.

36.

ALTERNATE DIRECTORS

36.1

Any Director (but not an alternate Director) may by writing appoint any other Director,

or any other Person willing to act, to be an alternate Director and by writing may remove from office an alternate Director so appointed by him.

36.2

An alternate Director shall be entitled to receive notice of all meetings of Directors and of all meetings of committees of Directors of which his appointor is a member, to attend and vote at every such meeting at which the Director appointing him is not personally present, to sign any written resolution of the Directors (except where such written resolution of the Directors have been signed by the appointing Director), and generally to perform all

the functions of his appointor as a Director in his absence.

36.3

An alternate Director shall cease to be an alternate Director if his appointor ceases

to be a Director.

36.4

Any appointment or removal of an alternate Director shall be by notice to the Company signed by the Director making or revoking the appointment or in any other manner approved by the Directors.

36.5

Subject to the provisions of the Articles, an alternate Director shall be deemed for all purposes to be a Director and shall alone be responsible for his own acts and defaults and shall not be deemed to be the agent of the Director appointing him.

37.

NO MINIMUM SHAREHOLDING

The Company in general meeting may fix a minimum shareholding required to be held

by a Director, but unless and until such a shareholding qualification is fixed, a

Director is not required to hold Shares.

38.

REMUNERATION OF DIRECTORS

38.1

The remuneration to be paid to the Directors, if any, shall be such remuneration as

the Directors shall determine. The Directors shall also be entitled to be paid all

travelling, hotel and other expenses properly incurred by them in connection with

their attendance at meetings of Directors or committees of Directors, or general meetings

of the Company, or separate meetings of the holders of any class of Shares or debentures

of the Company, or otherwise in connection with the business of the Company or the discharge of their duties as a Director, or to receive a fixed allowance in respect thereof as may be determined

by the Directors, or a combination partly of one such method and partly the other.

38.2

The Directors may by resolution approve additional remuneration to any Director for

any services which in the opinion of the Directors go beyond that Director’s ordinary routine work as a Director. Any fees paid to a Director who is also counsel, attorney or solicitor to the Company, or otherwise serves it in a professional capacity, shall be in addition to

their remuneration as a Director.

39.

SEAL

39.1

The Company may, if the Directors so determine, have a Seal. The Seal shall only be

used by the authority of the Directors or of a committee of the Directors authorised

by the Directors. Every instrument to which the Seal has been affixed shall be signed

by at least one Person who shall be either a Director or Officer or other Person appointed by the Directors for the purpose.

39.2

The Company may have for use in any place or places outside the Cayman Islands a duplicate Seal or Seals each of which shall be a facsimile of the common Seal of the

Company and, if the Directors so determine, with the addition on its face of the name of every place where it is to be used.

39.3

A Director or Officer, representative or attorney of the Company may without further

authority of the Directors affix the Seal over their signature alone to any document of the Company required to be authenticated by them under seal or to be filed with the Registrar of Companies in the Cayman Islands or elsewhere wheresoever.

40.

DIVIDENDS, DISTRIBUTIONS AND RESERVE

40.1

Subject to the Statute and this Article and except as

otherwise provided by the rights attached to any Shares, the Directors may resolve to pay Dividends and other distributions on

Shares in issue and authorise payment of the Dividends or other distributions out of the funds of the Company lawfully available therefor. A Dividend shall be deemed to be an interim

Dividend unless the terms of the resolution pursuant to which the Directors resolve

to pay such Dividend specifically state that such Dividend shall be a final Dividend. No Dividend or other distribution shall be paid except out of the realised or unrealised profits of the Company, out of the Share Premium Account or as otherwise permitted by law.

40.2

Except as otherwise provided by the rights attached to any Shares, all Dividends and

other distributions shall be paid according to the par value of the Shares that a

Member holds. If any Share is issued on terms providing that it shall rank for Dividend

as from a particular date, that Share shall rank for Dividend accordingly.

40.3

The Directors may deduct from any Dividend or other distribution payable to any Member all sums of money (if any) then payable by the Member to the Company on account of calls or otherwise.

40.4

The Directors may resolve that any Dividend or other distribution be paid wholly or partly by the distribution of specific assets and in particular (but without limitation) by the distribution of shares, debentures, or securities of any other company or in any one or more of such ways and where any difficulty arises in regard to such distribution, the Directors

may settle the same as they think expedient and in particular may issue fractional

Shares and may fix the value for distribution of such specific assets or any part thereof and may determine that cash payments shall be made to any Members upon the basis of the value so fixed in

order to adjust the rights of all Members and may vest any such specific assets in

trustees in such manner as may seem expedient to the Directors.

40.5

Except as otherwise provided by the rights attached to any Shares, Dividends and other

distributions may be paid in any currency. The Directors may determine the basis of

conversion for any currency conversions that may be required and how any costs involved

are to be met.

40.6

The Directors may, before resolving to pay any Dividend or other distribution, set aside such sums as they think proper as a reserve or reserves which shall, at the discretion

of the Directors, be applicable for any purpose of the Company and pending such application may, at the discretion of the Directors, be employed in the business of the Company.

40.7

Any Dividend, other distribution, interest or other monies

payable in cash in respect of Shares may be paid by wire transfer to the holder or by cheque or warrant sent through the post

directed to the registered address of the holder or, in the case of joint holders, to the registered address of the holder who is

first named on the Register of Members or to such Person and to such address as such holder or joint holders may in writing direct.

Every such cheque or warrant shall be made payable to the order of the Person to whom it is sent. Any one of two or more joint

holders may give effectual receipts for any Dividends, other distributions, bonuses, or other monies payable in respect of the Share held by them as joint holders.

40.8

No Dividend or other distribution shall bear interest against the Company.

40.9

Any Dividend or other distribution which cannot be paid to a Member and/or which remains

unclaimed after six months from the date on which such Dividend or other distribution

becomes payable may, in the discretion of the Directors, be paid into a separate account

in the Company’s name, provided that the Company shall not be constituted as a trustee in respect

of that account and the Dividend or other distribution shall remain as a debt due

to the Member. Any Dividend or other distribution which remains unclaimed after a period of six years from the date on which such Dividend or other distribution becomes payable

shall be forfeited and shall revert to the Company.

41.

CAPITALISATION

The Directors may at any time capitalise any sum standing to the credit of any of

the Company’s reserve accounts or funds (including the Share Premium Account and capital redemption reserve fund) or any sum standing to the credit of the profit and loss account or otherwise available for distribution; appropriate such sum to Members in the proportions

in which such sum would have been divisible amongst such Members had the same been

a distribution of profits by way of Dividend or other distribution; and apply such

sum on their behalf in paying up in full unissued Shares for allotment and distribution

credited as fully paid-up to and amongst them in the proportion aforesaid. In such

event the Directors shall do all acts and things required to give effect to such capitalisation,

with full power given to the Directors to make such provisions as they think fit in

the case of Shares becoming distributable in fractions (including provisions whereby the benefit of fractional entitlements accrue to the Company rather than to the Members concerned). The Directors may authorise any Person to enter on behalf of all of the Members interested into an agreement

with the Company providing for such capitalisation and matters incidental or relating thereto and any agreement made under such authority shall be effective and binding on all such

Members and the Company.

42.

SHARE PREMIUM ACCOUNT

42.1

The Directors shall in accordance with the Statute establish a Share Premium Account

and shall carry to the credit of such account from time to time a sum equal to the

amount or value of the premium paid on the issue of any Share.

42.2

There shall be debited to any Share Premium Account on the redemption or purchase

of a Share the difference between the nominal value of such Share and the redemption

or purchase price provided always that at the determination of the Directors such sum may be paid out of the profits of the Company or, if permitted by the Statute,

out of capital.

43.

BOOKS OF ACCOUNT

43.1

The Directors shall cause proper books of account (including, where applicable, material

underlying documentation including contracts and invoices) to be kept with respect

to all sums of money received and expended by the Company and the matters in respect of which the receipt or expenditure takes place, all sales and purchases of goods by the Company and the assets and liabilities of the Company. Such books of account must be retained

for a minimum period of five years from the date on which they are prepared. Proper books shall not be deemed to be kept if there are not kept such books of account

as are necessary to give a true and fair view of the state of the Company’s affairs and to explain its transactions.

43.2

The Directors shall determine whether and to what extent and at what times and places and under what conditions or regulations the accounts and books of the Company or any of them shall be open to the inspection of Members not being Directors and no Member (not being a Director) shall have any right of inspecting any account or book or document of the Company except as conferred by Statute or authorised by the Directors or by the Company in general meeting.

43.3

The Directors may cause to be prepared and to be laid before the Company in general meeting profit and loss accounts, balance sheets, group accounts (if any) and such other reports and accounts as may be required by law.

44.

AUDIT

44.1

The Directors may appoint an Auditor of the Company who shall hold office on such terms as the Directors determine.

44.2

If the office of Auditor becomes vacant by resignation or death of the Auditor, or

by his becoming incapable of acting by reason of illness or other disability at a

time when his services are required, the Directors shall fill the vacancy.

44.3

Every Auditor of the Company shall have a right of access at all times to the books

and accounts and vouchers of the Company and shall be entitled to require from the

Directors and Officers of the Company such information and explanation as may be necessary

for the performance of the duties of the Auditor.

44.4

Auditors shall, if so required by the Directors, make a report on the accounts of the Company during their tenure of office at the next annual general meeting following

their appointment in the case of a company which is registered with the Registrar of Companies as an ordinary company, and at the next extraordinary general meeting following their appointment

in the case of a company which is registered with the Registrar of Companies as an

exempted company, and at any other time during their term of office, upon request of the Directors or any general meeting of the Company.

44.5

Without prejudice to the freedom of the Directors to establish any other committee, if any of the Shares (or depositary receipts therefor) are listed or quoted on a Designated

Stock Exchange, and if required by the rules and regulations of the Designated Stock

Exchange, the SEC and/or any other compentent regulatory authority or otherwise under

Applicable Law, the Directors shall establish and maintain an Audit Committee as a

committee of the board of Directors and shall adopt a formal written audit committee

charter and review and assess the adequacy of the formal written charter on an annual

basis. The composition and responsibilities of the Audit Committee shall comply with the rules and regulations of the SEC and the Designated Stock Exchange and/or any other competent regulatory authority

or otherwise under Applicable Law. The Audit Committee (if one exists) shall meet at least once every financial quarter, or more frequently as circumstances dictate.

44.6

If any of the Shares (or depositary receipts therefor) are listed or quoted on a Designated

Stock Exchange, the Company shall conduct an appropriate review of all related party

transactions on an ongoing basis and shall utilise the Audit Committee for the review

and approval of potential conflicts of interest.

44.7

The remuneration of the Auditor shall be fixed by the Audit Committee (if one exists)

or otherwise by the Directors.

44.8

Any payment made to members of the Audit Committee (if one exists) shall require the

review and approval of the Directors, with any Director interested in such payment abstaining from such review and approval.

45.

NOTICES

45.1

Notices shall be in writing and may be given by the Company to any Member either personally or by sending it by courier, post, cable, telex, fax or e-mail to such Member or such Member’s address as shown in the Register of Members (or where the notice is given by e-mail by sending it to the e-mail address provided by such Member). For so long as any of the Shares are traded

on a Designated Stock Exchange, notice must also be served in accordance with the requirements of the Designated Stock Exchange. Notice may also be served by Electronic

Communication in accordance with the rules and regulations of the Designated Stock

Exchange, the SEC and/or any other competent regulatory authority or by placing it on the Company’s Website.

45.2

Where a notice is sent by:

(a)

courier, service of the notice shall be deemed to be effected by delivery of the notice to a courier company, and shall be deemed to have

been received on the third day (not including Saturdays or Sundays or public holidays) following the day on which the notice was delivered to the courier;

(b)

post, service of the notice shall be deemed to be effected by properly addressing, pre paying and posting a letter containing the notice, and shall be deemed to have

been received on the fifth day (not including Saturdays or Sundays or public holidays in the Cayman Islands) following the day on which the notice was posted;

(c)

cable, telex or fax, service of the notice shall be deemed to be effected by properly

addressing and sending such notice and shall be deemed to have been received on the same day that it was transmitted;

(d)

e-mail service shall be deemed to be effected by transmitting the e-mail to the e-mail address provided by the intended recipient and shall be deemed to have been received on the same day that it was sent, and it shall not be necessary for the receipt

of the e-mail to be acknowledged by the recipient; and

(e)

placing it on the Company’s Website, service of the notice shall be deemed to have been effected one hour after

the notice or document was placed on the Company’s Website.

45.3

A notice may be given by the Company to the Person or Persons which the Company has

been advised are entitled to a Share or Shares in consequence of the death or bankruptcy of a Member in the same manner as other notices which are required to be given under

the Articles and shall be addressed to them by name, or by the title of representatives

of the deceased, or trustee of the bankrupt, or by any like description at the address

supplied for that purpose by the Persons claiming to be so entitled, or at the option

of the Company by giving the notice in any manner in which the same might have been

given if the death or bankruptcy had not occurred.

45.4

Notice of every general meeting shall be given in any manner authorised by the Articles

to every holder of Shares carrying an entitlement to receive such notice on the record date for such meeting except that in the case of joint holders the notice shall be sufficient if given to the joint holder first named in the Register of Members and every Person upon whom

the ownership of a Share devolves by reason of his being a legal personal representative

or a trustee in bankruptcy of a Member where the Member but for their death or bankruptcy would be entitled to receive notice of the meeting, and no other Person shall be entitled to receive notices of general meetings.

46.

WINDING UP

46.1

If the Company shall be wound up, the liquidator shall apply the assets of the Company

in satisfaction of creditors’ claims in such manner and order as such liquidator thinks fit. Subject to the rights attaching to any Shares, in a winding up:

(a)

if the assets available for distribution amongst the Members shall be insufficient

to repay the whole of the Company’s issued share capital, such assets shall be distributed so that, as nearly as may be, the losses shall be borne by the Members in proportion to the par value of the Shares held by them; or

(b)

if the assets available for distribution amongst the Members shall be more than sufficient

to repay the whole of the Company’s issued share capital at the commencement of the winding up, the surplus shall be

distributed amongst the Members in proportion to the par value of the Shares held

by them at the commencement of the winding up subject to a deduction from those Shares in respect of which there are monies due, of all monies payable to the Company for unpaid calls or otherwise.

46.2

If the Company shall be wound up the liquidator may, subject to the rights attaching to any Shares and with the approval of a Special Resolution of the Company and any other approval required by the Statute, divide amongst the Members in kind the whole or

any part of the assets of the Company (whether such assets shall consist of property

of the same kind or not) and may for that purpose value any assets and determine how

the division shall be carried out as between the Members or different classes of Members.

The liquidator may, with the like approval, vest the whole or any part of such assets in trustees upon such trusts for the benefit of the Members as the liquidator, with the like approval, shall think fit, but so that no Member shall be compelled to accept any asset upon which there is a liability.

47.

INDEMNITY AND INSURANCE

47.1

Every Director and Officer (which for the avoidance of doubt, shall not include auditors of the Company), together with every former Director and former Officer (each an “Indemnified Person”) shall be indemnified out of the assets of the Company against any liability, action, proceeding, claim, demand, costs, damages or expenses, including legal expenses,

whatsoever which they or any of them may incur as a result of any act or failure to

act in carrying out their functions other than such liability (if any) that they may incur by reason of their own actual fraud, wilful neglect or wilful default. No Indemnified Person

shall be liable to the Company for any loss or damage incurred by the Company as a result (whether direct or indirect) of the carrying out of their functions unless that liability arises through the actual fraud, wilful neglect or wilful default of such Indemnified Person. No person shall be found to have committed actual fraud, wilful neglect or wilful default under this Article unless or until a court of competent jurisdiction shall have made a finding to that effect.

47.2

The Company shall advance to each Indemnified Person reasonable attorneys’ fees and other costs and expenses incurred in connection with the defence of any action, suit,

proceeding or investigation involving such Indemnified Person for which indemnity

will or could be sought. In connection with any advance of any expenses hereunder, the Indemnified Person shall execute an undertaking to repay the advanced amount to the Company if it shall

be determined by final judgment or other final adjudication that such Indemnified

Person was not entitled to indemnification pursuant to this Article. If it shall be

determined by a final judgment or other final adjudication that such Indemnified Person

was not entitled to indemnification with respect to such judgment, costs or expenses, then such party shall not be indemnified with respect to such judgment, costs or expenses and any advancement shall be returned to the Company (without interest) by the Indemnified Person.

47.3

The Directors, on behalf of the Company, may purchase and maintain insurance for the

benefit of any Director or Officer against any liability which, by virtue of any rule of law, would otherwise attach to such Person in respect of any negligence,

default, breach of duty or breach of trust of which such Person may be guilty in relation

to the Company.

48.

FINANCIAL YEAR

Unless the Directors otherwise prescribe, the financial year of the Company shall end on 31st December in each year and, following the year of incorporation, shall begin on

1st January in each year.

49.

TRANSFER BY WAY OF CONTINUATION

If the Company is exempted as defined in the Statute, it shall, subject to the provisions

of the Statute and with the approval of a Special Resolution, have the power to register by way of continuation as a body corporate under the laws of any jurisdiction outside

the Cayman Islands and to be deregistered in the Cayman Islands.

50.

MERGERS AND CONSOLIDATIONS

The Company shall have the power to merge or consolidate with one or more other constituent

companies (as defined in the Statute) upon such terms as the Directors may determine

and (to the extent required by the Statute) with the approval of a Special Resolution.

51.

DISCLOSURE

The Directors, Officers of the Company or any authorised service providers (including

the registered office agent of the Company), shall be entitled to disclose to any

regulatory or judicial authority, or to any Designated Stock Exchange on which the Shares may from time to time be listed, any information regarding the affairs of the Company

including, without limitation, information contained in the Register of Members and

books of the Company.

52.

BUSINESS COMBINATION

52.1

Notwithstanding any other provision of the Articles, this Article shall apply during the period commencing upon the adoption of the Articles and terminating upon the first to occur of the consummation of a Business Combination and the full distribution of the Trust

Account pursuant to this Article. In the event of a conflict between this Article and any other Articles, the provisions of this Article shall prevail.

52.2

Prior to the consummation of a Business Combination, the Company shall either:

(a)

submit such Business Combination to the Members for approval; or

(b)

provide Members with the opportunity to have their Shares repurchased by means of a tender offer for a per-Share repurchase price payable in cash, equal to the aggregate amount then on deposit in the Trust Account, calculated as of two business days prior to the consummation of such Business Combination, including interest earned

on the Trust Account (net of taxes paid or payable, if any) and not previously released to the Company to pay its taxes, divided by the number of then issued Public Shares. Such obligation to repurchase

Shares is subject to the completion of the proposed Business Combination to which

it relates.

52.3

If the Company initiates any tender offer in accordance with Rule 13e-4 and Regulation 14E of the US Exchange Act in connection with a proposed Business Combination, it

shall file tender offer documents with the SEC prior to completing such Business Combination

which contain substantially the same financial and other information about such Business

Combination and the redemption rights as is required under Regulation 14A of the US

Exchange Act. If, alternatively, the Company holds a general meeting to approve a proposed Business Combination, the Company will conduct any redemptions in conjunction with a proxy solicitation pursuant to Regulation 14A of the US Exchange Act, and not pursuant

to the tender offer rules, and file proxy materials with the SEC.

52.4

At a general meeting called for the purposes of approving a Business Combination pursuant to this Article, in the event that such Business Combination is approved

by Ordinary Resolution, the Company shall be authorised to consummate such Business

Combination.

52.5

Any Member holding Public Shares who is not the Sponsor, a Founder, Officer or Director

may, at least two business days’ prior to any vote on a Business Combination, elect to have their Public Shares redeemed for cash, in accordance with any applicable requirements provided for in the related proxy materials (the “IPO Redemption”). If so demanded, the Company shall pay any such redeeming Member, regardless of whether

they are voting for or against such proposed Business Combination (or not voting at all), a per-Share redemption price payable in cash, equal to the aggregate amount then on deposit in the Trust Account calculated as of two business

days prior to the consummation of the Business Combination, including interest earned

on the Trust Account (such interest shall be net of taxes payable) and not previously released to the Company to pay its taxes, divided by the number of then issued Public Shares (such redemption price being referred to herein as the “Redemption Price”), but only in the event that the applicable proposed Business Combination is approved and consummated.

52.6

A Member may not withdraw a Redemption Notice once submitted to the Company unless

the Directors determine (in their sole discretion) to permit the withdrawal of such redemption request (which they may do in whole or in part). The Directors (in their sole discretion) will determine the timing of such IPO Redemption

of Public Shares in order to facilitate the consummation and/or closing of a Business

Combination.

52.7

In the event that the Company does not consummate a Business Combination within 18 months from the consummation of the IPO, or such later time as the Members may approve

by Special Resolution in accordance with the Articles, the Company shall:

(a)

cease all operations except for the purpose of winding up;

(b)

as promptly as reasonably possible but not more than ten business days thereafter,

redeem the Public Shares, at a per-Share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company (less taxes payable and up to US$100,000 of interest to pay dissolution expenses), divided by the number of then Public Shares in issue, which redemption will completely

extinguish public Members’ rights as Members (including the right to receive further liquidation distributions,

if any); and

(c)

as promptly as reasonably possible following such redemption, subject to the approval

of the Company’s remaining Members and the Directors, liquidate and dissolve, subject in each case to its obligations under Cayman Islands law to provide for claims

of creditors and in all cases subject to the other requirements of Applicable Law.

52.8

In the event that any amendment is made to the Articles:

(a)

to modify the substance or timing of the Company’s obligation to allow redemption in connection with a Business Combination or redeem

100 per cent of the Public Shares if the Company does not consummate a Business Combination

within 18 months after the date of the closing of the IPO, or such later time as the Members

may approve by Special Resolution in accordance with the Articles, or

(b)

with respect to any other provision relating to Members’ rights or pre-Business Combination activity, of the Articles relating to the rights

of holders of Ordinary Shares,

each holder of Public Shares who is not the Sponsor, a Founder, Officer or Director, may at least two business days’ prior to any vote on any such amendment, shall be provided with the opportunity to redeem their Public Shares upon the approval

or effectiveness of any such amendment at a per-Share price, payable in cash, equal

to the aggregate amount then on deposit in the Trust Account, including interest earned

on the funds held in the Trust Account and not previously released to the Company to pay its taxes, divided by the number of then outstanding Public Shares.

52.9

A holder of Public Shares shall be entitled to receive distributions from the Trust Account only in the event of an IPO Redemption, a repurchase of Shares by means of a tender

offer pursuant to this Article, or a distribution of the Trust Account pursuant to

this Article. In no other circumstance shall a holder of Public Shares have any right

or interest of any kind in the Trust Account.

52.10

After the issue of Public Shares, and prior to the consummation of a Business Combination,

the Company shall not issue additional Shares or any other securities that would entitle

the holders thereof to:

(a)

receive funds from the Trust Account; or

(b)

vote as a class with Public Shares on a Business Combination.

52.11

As long as the securities of the Company are listed on a Designated Stock Exchange,

the Company must complete one or more Business Combinations having an aggregate fair

market value of at least 80 per cent of the assets held in the Trust Account (net of amounts previously disbursed to the Company’s management for taxes and excluding the amount of deferred underwriting discounts

held in the Trust Account) at the time of the Company’s signing a definitive agreement in connection with a Business Combination. A Business Combination must not be effectuated with another blank cheque company or a similar company with nominal operations.

52.12

A Director may vote in respect of a Business Combination in which such Director has a conflict of interest with respect to the evaluation of such Business Combination. Such Director must disclose such interest or conflict to the other Directors.

52.13

The Company may enter into a Business Combination with a target business that is Affiliated with the Sponsor, a Founder, a Director or an Officer. In the event the

Company seeks to consummate a Business Combination with a target that is Affiliated

with the Sponsor, a Founder, a Director or an Officer, the Company, or a committee

of Independent Directors, will obtain an opinion from an independent investment banking

firm or another valuation or appraisal firm that regularly renders fairness opinions

on the type of target business the Company is seeking to acquire that is a member

of the United States Financial Industry Regulatory Authority or an independent accounting firm that such a Business Combination is fair to the Company from a financial point of view.

53.

BUSINESS OPPORTUNITIES

53.1

To the fullest extent permitted by Applicable Law, no individual serving as a Director

or an officer (“Management”) shall have any duty, except and to the extent expressly assumed by contract, to

refrain from engaging directly or indirectly in the same or similar business activities

or lines of business as the Company. To the fullest extent permitted by Applicable

Law, the Company renounces any interest or expectancy of the Company in, or in being

offered an opportunity to participate in, any potential transaction or matter which

may be a corporate opportunity for Management, on the one hand, and the Company, on

the other. Except to the extent expressly assumed by contract, to the fullest extent

permitted by Applicable Law, Management shall have no duty to communicate or offer any such corporate opportunity to the Company and shall not be liable to the Company or its Members for breach of any fiduciary duty as a Member, Director and/or officer solely by reason

of the fact that such party pursues or acquires such corporate opportunity for itself, himself or herself, directs such corporate opportunity to another person, or does not communicate information

regarding such corporate opportunity to the Company.

53.2

Except as provided elsewhere in this Article, the Company hereby renounces any interest or expectancy of the Company in, or in being offered an opportunity to participate

in, any potential transaction or matter which may be a corporate opportunity for both the Company and Management, about which a Director and/or officer who is also a member of Management acquires knowledge.

53.3

To the extent a court might hold that the conduct of any activity related to a corporate

opportunity that is renounced in this Article to be a breach of duty to the Company or its Members, the Company hereby waives, to the fullest extent permitted by Applicable

Law, any and all claims and causes of action that the Company may have for such activities.

To the fullest extent permitted by Applicable Law, the provisions of this Article apply equally to activities conducted in the future and that have been conducted in the past.

54. Exclusive Jurisdiction and Forum

54.1

Unless the Company consents in writing to the selection of an alternative forum, the

courts of the Cayman Islands shall have exclusive jurisdiction over any claim or dispute

arising out of or in connection with the Memorandum, the Articles or otherwise related

in any way to each Member’s shareholding in the Company, including but not limited to:

(a) any derivative action or proceeding brought on behalf of the

Company;

(b)

any action asserting a claim of breach of any fiduciary or other duty owed by any

current or former Director, Officer or other employee of the Company to the Company

or the Members;

(c)

any action asserting a claim arising pursuant to any provision of the Statute, the

Memorandum or the Articles; or

(d)

any action asserting a claim against the Company governed by the “Internal Affairs

Doctrine” (as such concept is recognised under the laws of the United States of America).

54.2

Each Member irrevocably submits to the exclusive jurisdiction of the courts of the

Cayman Islands over all such claims or disputes.

54.3

Without prejudice to any other rights or remedies that the Company may have, each

Member acknowledges that damages alone would not be an adequate remedy for any breach

of the selection of the courts of the Cayman Islands as exclusive forum and that accordingly

the Company shall be entitled, without proof of special damages, to the remedies of

injunction, specific performance or other equitable relief for any threatened or actual

breach of the selection of the courts of the Cayman Islands as exclusive forum.

54.4

This Article 54 shall not apply to any action or suits brought to enforce any liability or duty created

by the United States Securities Act of 1933, as amended, the Exchange Act, or any

claim for which the federal district courts of the United States of America are, as

a matter of the laws of the United States, the sole and exclusive forum for determination

of such a claim.

EX-10.1 — EXHIBIT 10.1

EX-10.1

Filename: rfacquisition2_ex10-1.htm · Sequence: 3

Exhibit 10.1

AMENDMENT

TO THE

INVESTMENT MANAGEMENT TRUST AGREEMENT

This

Amendment No. 2 (this “Amendment”), dated as of August 12, 2026, to the Existing Trust Agreement (as defined below) is made

by and between RF Acquisition Corp II (the “Company”) and Continental Stock Transfer & Trust Company, as trustee (“Trustee”).

All terms used but not defined herein shall have the meanings assigned to them in the Existing Trust Agreement.

WHEREAS,

the Company and the Trustee entered into an Investment Management Trust Agreement dated as of May 16, 2024, which was amended on

November 10, 2025 (as amended, the “Existing Trust Agreement”);

WHEREAS,

Section 1(i) of the Trust Agreement sets forth the terms that govern the liquidation of the Company’s trust account (the “Trust

Account”) under the circumstances described therein;

WHEREAS,

at an extraordinary general meeting of the Company held on August 12, 2026 (the “Special Meeting”), the Company’s shareholders

approved (i) a proposal to amend the Company’s Amended and Restated Memorandum and Articles of Association, dated as of April 15,

2024, as amended on November 10, 2025, to extend the date by which the Company must consummate a business combination up to six (6) times

from August 15, 2026 to February 15, 2027 (the “Termination Date”), with each extension comprised of one (1) month;

and (ii) a proposal to amend the Trust Agreement, to permit the Company to extend the Termination Date up to six (6) times for an additional

one (1) month each time from the Termination Date to February 15, 2027 by providing five days’ advance notice (or two days’

advance notice for the first extension) to the Trustee prior to the applicable Termination Date and depositing into the Trust Account

$75,000 per one-month extension two (2) days prior to such Extension.

NOW

THEREFORE, IT IS AGREED:

Section 1(i)

of the Trust Agreement is hereby amended and restated in its entirety as follows:

“(i)

Commence liquidation of the Trust Account promptly after (x) receipt of, and only in accordance with the terms of, a letter from the

Company (“Termination Letter”) in a form substantially similar to that attached hereto as either Exhibit

A or Exhibit B, as applicable, signed on behalf of the Company by its Chief Executive Officer, Chief Financial Officer, President,

Executive Vice President, Vice President, Secretary or Chairwoman of the board of directors of the Company (the “Board”)

or other authorized officer of the Company, and, in the case of Exhibit A, acknowledged and agreed to by the Representative, and

complete the liquidation of the Trust Account and distribute the Property in the Trust Account, including interest earned on the funds

held in the Trust Account (which interest shall be net of taxes paid or payable, the Company having forfeited its right to withdraw up

to $100,000 of such interest to pay liquidation and dissolution expenses, such that no such amount shall be withdrawn from the Trust

Account for that purpose, notwithstanding anything to the contrary in Exhibit B), only as directed in the Termination Letter and the

other documents referred to therein, or (y) upon the date which is the later of (1) 33 months after the closing of the Offering and (2)

such date as may be approved by the Company’s shareholders in accordance with the Company’s amended and restated memorandum

and articles of association if a Termination Letter has not been received by the Trustee prior to such date, in which case the Trust

Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit B and the

Property in the Trust Account, including interest earned on the funds held in the Trust Account (which interest shall be net of taxes

paid or payable, the Company having forfeited its right to withdraw up to $100,000 of such interest to pay liquidation and dissolution

expenses, such that no such amount shall be withdrawn from the Trust Account for that purpose), shall be distributed to the Public Shareholders

of record as of such date. It is acknowledged and agreed there should be no reduction in the principal amount per share initially deposited

in the Trust Account;

The Existing Trust Agreement is hereby amended by adding Exhibit E, in the form as

follows:

EXHIBIT E

[Letterhead of Company]

[Insert date]

Continental Stock Transfer & Trust Company

State Street, 30th Floor

New York, NY 10004

Attn: [●]

Re: Trust Account No. [ ] Extension Letter

Dear [●]:

Pursuant to the Investment Management Trust Agreement between RF Acquisition Corp

II (“Company”) and Continental Stock Transfer & Trust Company, dated as of May 16, 2024 (as amended, “Trust Agreement”), this is to advise you that the Company is extending the time available to consummate

a Business Combination for an additional one (1) month, from ________ to ________

(the “Extension”).

This Extension Letter shall serve as the notice required with respect to Extension

prior to the Applicable Deadline. Capitalized words used herein and not otherwise

defined shall have the meanings ascribed to them in the Trust Agreement.

In accordance with the terms

of the Trust Agreement, we hereby authorize you to deposit $75,000 per one-month extension two (2) days prior to such Extension which

will be wired to you, into the Trust Account investments upon receipt.

This is the [first/second/third/fourth/fifth/sixth]

of up to six Extension Letters.

Very truly yours,

RF Acquisition Corp II

By:

Name:

Title:

cc:

EarlyBirdCapital, Inc.

All other provisions of the Existing Trust Agreement shall remain unaffected by the terms hereof.

This Amendment may be signed in any number of counterparts, each of which shall be

an original and all of which shall be deemed to be one and the same instrument, with

the same effect as if the signatures thereto and hereto were upon the same instrument.

A facsimile signature or electronic signature shall be deemed to be an original signature

for purposes of this Amendment.

This Amendment is intended to be in full compliance with the requirements for an Amendment to the Trust Agreement as required by Section 6(c) of the Trust Agreement, and every defect in fulfilling such requirements for an effective amendment to the Trust Agreement is hereby ratified, intentionally waived and relinquished by all parties hereto.

This Amendment shall be governed by and construed and enforced in accordance with

the laws of the State of New York, without giving effect to conflicts of law principles

that would result in the application of the substantive laws of another jurisdiction.

[signature page follows]

IN WITNESS WHEREOF, the parties have duly executed this Amendment to the Investment

Management Trust Agreement as of the date first written above.

CONTINENTAL STOCK TRANSFER & TRUST COMPANY,

as Trustee

By:

Name:

Title:

RF ACQUISITION CORP II

By:

Name:

Title:

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

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Local phone number for entity.

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No definition available.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Title of a 12(b) registered security.

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Name of the Exchange on which a security is registered.

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-Section 12

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Trading symbol of an instrument as listed on an exchange.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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