Common use of NOTICE OF EXERCISE/EXCHANGE Clause in Contracts

NOTICE OF EXERCISE/EXCHANGE. 1. The undersigned Holder hereby exercises its right purchase/exchange [circle one] ___________ shares of the Common Stock of Angel Studios, Inc. (the “Company”) in accordance with the attached Warrant To Purchase Stock, and tenders payment of the aggregate Warrant Price for such shares as follows: ¨ check in the amount of $________ payable to order of the Company enclosed herewith ¨ Wire transfer of immediately available funds to the Company’s account ¨ Cashless Exchange pursuant to Section 1.3 of the Warrant ¨ Other [Describe] __________________________________________ 2. Please issue a certificate or certificates representing the Shares in the name specified below: ___________________________________________ Holder’s Name ___________________________________________ ___________________________________________ (Address) 3. By its execution below and for the benefit of the Company, Holder hereby restates each of the representations and warranties in SECTION 4 of the Warrant to Purchase Stock as of the date hereof.

NOTICE OF EXERCISE/EXCHANGE. 1. The undersigned Holder hereby exercises its right purchase/exchange [circle one] ___________ shares of the Common Stock of Angel StudiosCandel Therapeutics, Inc. (the “Company”) in accordance with the attached Warrant To Purchase Stock, and tenders payment of the aggregate Warrant Price for such shares as follows: ¨ [ ] check in the amount of $________ payable to order of the Company enclosed herewith ¨ [ ] Wire transfer of immediately available funds to the Company’s account ¨ [ ] Cashless Exchange pursuant to Section 1.3 1.2 of the Warrant ¨ [ ] Other [Describe] __________________________________________ 2. Please issue a certificate or certificates representing the Shares in the name specified below: ___________________________________________ Holder’s Name ___________________________________________ ___________________________________________ (Address) 3. By its execution below and for the benefit of the Company, Holder hereby restates each of the representations and warranties in SECTION 4 of the Warrant to Purchase Stock as of the date hereof.

NOTICE OF EXERCISE/EXCHANGE. 1. The undersigned Holder hereby exercises its right purchase/exchange [circle one] ___________ shares of the Common Common/Series ______ Preferred [circle one] Stock of Angel Studios, Inc. __________________ (the “Company”) in accordance with the attached Warrant To Purchase Stock, and tenders payment of the aggregate Warrant Price for such shares as follows: ¨ [ ] check in the amount of $________ payable to order of the Company enclosed herewith ¨ [ ] Wire transfer of immediately available funds to the Company’s account ¨ [ ] Cashless Exchange pursuant to Section 1.3 1.2 of the Warrant ¨ [ ] Other [Describe] __________________________________________ 2. Please issue a certificate or certificates representing the Shares in the name specified below: ___________________________________________ Holder’s Name ___________________________________________ ___________________________________________ (Address) 3. By its execution below and for the benefit of the Company, Holder hereby restates each of the representations and warranties in SECTION Section 4 of the Warrant to Purchase Stock as of the date hereof.