WHEREAS, the Kcompany Holder holds an aggregate of 6,900,000 Class B ordinary shares of
Kcompany, par value $0.0001 per share (the Old Class B Shares), which effective immediately prior to the Initial Merger
Effective Time will convert into an equal number of Class A ordinary shares of Kcompany, par value $0.0001 per share (the Old
Class A Shares);
WHEREAS, the Kcompany Holder (i) holds an aggregate of 18,720,000 redeemable warrants
(the IPO Private Placement Warrants) to purchase Old Class A Shares, at an exercise price of $11.50 per share, and (ii) prior to the Initial Merger Effective Time, may acquire further redeemable warrants to purchase Old
Class A Shares at an exercise price of $11.50 per share by converting up to $2,000,000 of working capital loans that the Kcompany Holder may grant Kcompany from time to time prior to the Closing, at a conversion price of $0.75 per redeemable
warrant (together with the IPO Private Placement Warrants, the Private Warrants), which Private Warrants, in each case, will at the Initial Merger Effective Time convert into a right to purchase ordinary shares of the Company with
an accounting par value per share (the Company Ordinary Shares);
WHEREAS, the Holders designated as Vine
Holders on Schedule A (the Vine Holders) will receive upon the Second Merger Effective Time Company Ordinary Shares pursuant to the Business Combination Agreement;
WHEREAS, at the Initial Merger Effective Time, in accordance with Kcompanys amended and restated memorandum and articles of association
as in effect immediately prior to the Initial Merger Effective Time, the Old Class A Shares and the Old Class B Shares will be converted into Company Ordinary Shares; and
WHEREAS, the Company and the Holders desire to enter into this Agreement, as contemplated by the Business Combination Agreement, to terminate
and replace the Prior Agreement (with respect to the Original Holder) on the Closing Date contingent upon and effective as of the Second Merger Effective Time, and to set forth the further rights and obligations created hereby.
NOW, THEREFORE, in consideration of the foregoing, the parties hereby agree as follows:
ARTICLE I
DEFINITIONS
Section 1.1. Definitions. For purposes of this Agreement, the following terms and variations thereof have the meanings set forth
below:
Adverse Disclosure shall mean any public disclosure of material
non-public information, which disclosure, in the good faith judgment of the Chief Executive Officer or Chief Financial Officer of the Company, after consultation with outside counsel to the Company,
(i) would be required to be made in any Registration Statement or Prospectus in order for the applicable Registration Statement or Prospectus not to contain any untrue statement of a material fact or omit to state a material fact necessary to
make the statements contained therein (in the case of any prospectus and any preliminary prospectus, in the light of the circumstances under which they were made) not misleading, (ii) would not be required to be made at such time if the
Registration Statement were not being filed, and (iii) the Company has a bona fide business purpose for not making such information public.
Agreement shall have the meaning given in the Preamble.
Board shall mean the Board of Directors of the Company.
Business Combination shall mean any merger, share exchange, asset acquisition, stock purchase, recapitalization,
reorganization or other similar business combination with one or more businesses, involving the Company.
Business Combination
Agreement shall have the meaning given in the Preamble.
Business Day means a day other than Saturday, Sunday
or other day on which commercial banks in New York, New York are authorized or required by law to close.
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