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| Proposal No. 1 Two separate proposals to approve the Business Combination and approve and adopt the Business Combination Agreement, dated as of December 16, 2021 as amended (the “Business Combina- tion Agreement”), by and among NAAC, TeleSign, BICS, New SPAC, and New Holdco, pursuant to which the business combination will be effected in two steps: (a) the proposal to approve and authorize by spe- cial resolution the merger of NAAC with and into New SPAC (the “SPAC Merger”), with New SPAC surviving the SPAC Merger and the Plan of Merger required by the Companies Act (As Revised) of the Cayman Islands (the “SPAC Merger Proposal”); and (b) immediately following the SPAC Merger Effective Time, New Holdco will purchase from BICS all of the outstanding shares of TeleSign Common Stock in exchange for (i) the Share Consideration and (ii) the Cash Consideration (the “Share Ac- quisition” and, together with the SPAC Merger and all other transactions contemplated by the Business Combination Agreement, the “Business Combination”) (the “Share Acquisition Proposal” and, together with the SPAC Merger Proposal, the “Business Combination Proposals”). Proposal No. 2 To approve by special resolution the proposed certificate of incorporation (the “Proposed Certificate of Incorporation”) and the proposed bylaws (the “Proposed Bylaws” and, together with the Pro- posed Certificate of Incorporation, the “Proposed Organizational Docu- ments”) of New Holdco (the “Organizational Documents Proposal”). Proposal No. 3 To approve, on a non-binding advisory basis, by special resolution, certain gov- ernance provisions in the Proposed Organization- al Documents, which are being presented separately in accordance with U.S. Securities and Exchange Commission guidance to give sharehold- ers the opportunity to present their separate views on important corpo- rate governance provisions (the “Advisory Organizational Documents Proposals”). Proposal No. 4 To approve by ordinary resolution, for purposes of complying with appli- cable listing rules of The Nasdaq Capital Market, (a) the issuance of up to 115,512,500 shares of New Holdco Common Stock in connection with the Share Acquisition, and (b) the issuance and sale of 11,698,750 shares of New Holdco Common Stock in the PIPE Financing, which will occur substantially concurrently with, and is con- tingent upon, the consummation of the Share Acquisition (the “Nasdaq Proposal”). Proposal No. 5 To approve by ordinary resolution and adopt the NAAC Holdco, Inc. 2022 Restricted Stock Units and Performance Stock Units Incentive Plan (the “Incentive Plan”) and material terms thereun- der (the “Incentive Plan Proposal”). Proposal No. 6 To approve by ordinary resolution the adjournment of the extraordinary general meeting to a later date or dates, if nec- essary or appropriate, (a) to the extent necessary to ensure that any required supplement or amendment to this proxy statement/prospec- tus is provided to NAAC shareholders or, if as of the time for which the extraordinary general meeting is scheduled, there are insufficient NAAC ordinary shares represented (either in the person or by proxy) to constitute a quorum necessary to conduct business at the extraordinary general meeting, or (b) in order to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Business Combination Proposals, the Organizational Documents Proposal, the Advisory Organization- al Documents Proposals, the Nasdaq Proposal, or the Incentive Plan Proposal (the “Adjournment Proposal” and, together with the Business Combination Proposals, the Organizational Documents Proposal, the Advisory Organizational Documents Proposals, the Nasdaq Proposal, and the Incentive Plan Proposal, the “Proposals”). I/we plan to attend the extraordinary general meeting. Shareholders entitled to notice of and to vote at the extraordinary general meeting or at any adjournment(s) or postponement(s) thereof shall be determined as of the close of business on [DATE][ _ ], 2022, the record date fixed by the board of directors of the Company for such purpose. The signer hereby revokes all previous proxies given by the signer to vote at the extraordinary general meeting or any adjournments thereof. PLEASE BE SURE TO RETURN THE ENTIRE PROXY ALONG WITH PROOF OF IDENTITY AS DESCRIBED IN THE COMPANY’S PROXY STATEMENT. 20022 North Atlantic Acq. Corporation Proxy Card_REV4 - Back Signature_________________________________Signature, if held jointly_______________________________ Date_____________, 2022 Please sign exactly as your name(s) appears on the Proxy. If held in joint tenancy, the shareholder named first in the Company’s register must sign. Trustees, Administrators, etc., should include title and authority. Corporation should provide full name of corporation and title of authorized officer signing the Proxy. CONTROL NUMBER PROXY CARD NORTH ATLANTIC ACQUISITION CORPORATION—THE BOARD RECOMMENDS A VOTE “FOR” PROPOSALS 1, 2, 3, 4, 5 and 6. Please mark your votes like this X FOR AGAINST ABSTAIN FOR AGAINST ABSTAIN FOR AGAINST ABSTAIN FOR AGAINST ABSTAIN FOR AGAINST ABSTAIN The notice of the extraordinary general meeting and accompanying proxy statement are available at https://www.cstproxy.com/naac/2022 The proxy statement contains important information regarding each of the proposals listed below. You are encouraged to read the proxy statement carefully. FOR AGAINST ABSTAIN |