X0306 4 2023-02-03 0 0001855631 AERWINS Technologies Inc. AWIN 0001963477 Okabe Kensuke SHIBA KOEN ANNEX 6 F, 1-8, SHIBA KOEN 3-CHOME, MINATO-KU TOKYO M0 105-0011 JAPAN 0 1 0 0 Chief Financial Officer Stock Option (right to buy) 2023-02-03 4 A 0 469291 A 2023-05-03 2033-02-03 Common Stock 469291 469291 D The stock option has an exercise price of $0.00015 per share. Represents an option to purchase shares of the issuer's common stock, acquired by the reporting person on February 3, 2023, upon the closing of a business combination (the "Merger") pursuant to an Agreement and Plan of Merger, dated as of September 7, 2022, by and among Pono Capital Corp. ("Pono"), Pono Merger Sub, Inc., AERWINS Technologies Inc. ("AERWINS"), Mehana Equity LLC, and Shuhei Komatsu, as previously disclosed in the issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on September 7, 2022 (the "Form 8-K"), and as set forth in Exhibit 2.1 to the Form 8-K. Upon consummation of the Merger, the issuer changed its name to "AERWINS Technologies Inc." The stock option vests as follows: 1/3 on the 3-month anniversary of February 3, 2023 (the "Award Date"), 1/3 on the 15-month anniversary of the Award Date, and 1/3 on the 27-month anniversary of the Award Date. As consideration for the Merger, the reporting person received a stock option to purchase the indicated number of shares of the issuer's common stock. /s/ Kensuke Okabe 2023-02-06