||If the form is filed by more than one reporting person, see Instruction 5(b)(v).
||Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
||As described in the issuer's registration statement on Form S-1 (File No. 333-253095) (the "Registration Statement") under the heading "Description of Securities - Founder Shares", Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.
||The Class B ordinary shares held directly by Independence Sponsor LLC (the "Sponsor") were acquired pursuant to a subscription agreement by and between the Sponsor and the issuer. The Class B ordinary shares owned by the Sponsor include up to 1,631,250 shares that are subject to forfeiture in the event the underwriters of the issuer's initial public offering do not exercise in full their over-allotment option, as described in the Registration Statement.
||Eugene Yoon, the Co-Chairman of the Issuer, is a co-Managing Member of the Sponsor. Mr. Yoon has voting and investment discretion with respect to the securities held directly by the Sponsor. As such, Mr. Yoon may be deemed to have indirect beneficial ownership of Class B ordinary shares held directly by the Sponsor. Mr. Yoon disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein.