Exhibit 10.1

Subscription Agreement

December 18, 2019

Mosaic Acquisition Corp.

375 Park Avenue

New York, NY 10152

Mosaic Sponsor, LLC

375 Park Avenue

New York, NY 10152

Vivint Smart Home, Inc.

4931 North 300 West

Provo, UT 84604

Ladies and Gentlemen:

WHEREAS, in connection with the proposed business combination (the
“Transaction”) between Mosaic Acquisition Corp., a Delaware corporation (the
“Company”), Maiden Merger Sub, Inc., a Delaware corporation, and Vivint Smart
Home, Inc., a Delaware corporation (“Voyager”), pursuant to an Agreement and
Plan of Merger, dated as of September 15, 2019, among the Company, Merger Sub
and Voyager (as may be amended and/or restated, including by that certain
Amendment No. 1 being entered into concurrently with the execution of this
Agreement, the “Transaction Agreement”), the Company proposes to issue and sell
to Fayerweather Fund Eiger, L.P. (the “Subscriber”), 5,000,000 shares of the
Company’s Class A common stock, par value $0.0001 per share (the “Class A Common
Stock”), in a private placement transaction (such transaction, the
“Subscription”). The Subscriber shall be entitled to purchase the full
Subscription on the terms and conditions herein, which shall not be reduced or
amended without the consent of the Subscriber.

NOW, THEREFORE, the Subscriber, the Company, Voyager and Mosaic Sponsor, LLC
(the “Sponsor”) agree as follows (this “Agreement”):

1. Subscription. Subject to the terms and conditions hereof, the Subscriber
hereby agrees to subscribe for and purchase, and the Company hereby agrees to
issue and sell to the Subscriber, 5,000,000 shares of Class A Common Stock (the
“Shares”) for an aggregate purchase price of $50,000,000.00 (the “Subscription
Amount”). Notwithstanding anything in this Agreement to the contrary but subject
to the following proviso, in the event the Closing occurs and the Subscription
Amount is funded in accordance with Section 2 below, the Subscriber shall have
no liability for any claims or losses arising out of this Agreement; provided,
in the event the Subscription Amount is not funded in accordance with Section 2
below, the Subscriber’s liability for any claims or losses arising out of this
Agreement shall be limited to the Subscription Amount.

 

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2. Closing. The closing of the sale of Shares (the “Closing”) contemplated under
this Agreement shall occur on the date of, and immediately prior to, the
consummation of the Transaction. Upon written notice from (or on behalf of) the
Company to the Subscriber (the “Closing Notice”) at least two days (or, if
earlier, a date designated by Voyager) prior to the date that the Company
expects all conditions to the closing of the Transaction to be satisfied (the
“Expected Closing Date”; the date on which the Closing actually occurs, the
“Closing Date”), the Subscriber shall deliver to an account of a third-party
escrow agent, which is the Company’s transfer agent (the “Escrow Agent”), within
one Business Day after receiving the Closing Notice, the Subscription Amount by
wire transfer of United States dollars in immediately available funds. On the
Closing Date, upon (i) satisfaction of the conditions set forth in Section 3
below and (ii) the receipt by the Company of the Subscription Amount from the
Escrow Agent, the Company shall deliver the Shares in certificated or book entry
form to the Subscriber or to a custodian designated by the Subscriber, as
applicable. In the event the closing of the Transaction does not occur within
ten (10) Business Days of the Expected Closing Date, the Company shall (or
direct the Escrow Agent to) promptly (but no later than ten (10) Business Days
thereafter) return the Subscription Amount to the Subscriber by wire transfer of
United States dollars in immediately available funds to the account specified by
the Subscriber, and any book entries shall be deemed cancelled. Notwithstanding
such return or cancellation, (A) a failure to close on the Expected Closing Date
shall not, by itself, be deemed to be a failure of any of the conditions to
Closing set forth in Section 3 of this Agreement to be satisfied or waived on or
prior to the Closing, and (B) the Subscriber shall still be obligated to
consummate the Closing upon (I) satisfaction of the conditions set forth in
Section 3 below and (II) the Company’s delivery to the Subscriber of a new
Closing Notice.

3. Closing Conditions.

(a) The obligation of the Subscriber, on the one hand, and the Company, on the
other hand, to effect the Closing is subject to the satisfaction or written
waiver by the Subscriber and the Company prior to the Closing of the following
conditions:

(i) there shall not have been enacted or promulgated any order, judgment,
injunction, decree, writ, stipulation, determination or award, in each case,
entered by or with any court or governmental agency or body, domestic or
foreign, nor any statute, rule or regulation, in either case, enjoining or
prohibiting the consummation of the Subscription; and

(ii) the Transaction as set forth in the Transaction Agreement shall have been
consummated substantially concurrently with the Closing.

(b) The obligation of the Subscriber to effect the Closing is also subject to
the satisfaction or written waiver by the Subscriber prior to the Closing of the
following conditions:

(i) all representations and warranties of the Company contained in this
Agreement shall be true and correct in all material respects (other than
representations and warranties that are qualified as to materiality or Company
Material Adverse Effect (as defined herein), which representations and
warranties shall be true in all respects) at and as of the date hereof and the
Closing Date, and consummation of the Closing shall constitute a reaffirmation
by the Company of each of the representations, warranties and agreements of the
Company contained in this Agreement as of the Closing Date, but in each case
without giving effect to consummation of the Transaction; provided, in the event
this condition would otherwise fail to be satisfied as a result of a breach of
one or more of the representations and warranties of the

 

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Company contained in this Agreement and the facts underlying such breach would
also cause a condition to Voyager’s obligations under the Transaction Agreement
to fail to be satisfied, this condition shall nevertheless be deemed satisfied
in the event Voyager waives such breach under the Transaction Agreement; and

(ii) no amendment or modification of the Transaction Agreement (as the same
exists on the date hereof as provided to the Subscriber) shall have occurred
that would reasonably be expected to materially and adversely affect the
economic benefits that the Subscriber would reasonably expect to receive under
this Agreement, unless the Subscriber has consented in writing to such amendment
or modification.

(c) The obligation of the Company to effect the Closing is also subject to the
satisfaction or written waiver by either the Company or Voyager prior to the
Closing of the following condition:

(i) all representations and warranties of the Subscriber contained in this
Agreement shall be true and correct in all material respects at and as of the
date hereof and the Closing Date, and consummation of the Closing shall
constitute a reaffirmation by the Subscriber of each of the representations,
warranties and agreements of the Subscriber contained in this Agreement as of
the Closing Date, but in each case without giving effect to consummation of the
Transaction.

4. Further Assurances. At the Closing, the parties hereto shall execute and
deliver such additional documents and take such additional actions as the
parties reasonably may deem to be practical and necessary in order to consummate
the subscription as contemplated by this Agreement.

5. Company Representations and Warranties. The Company represents and warrants
to the Subscriber that:

(a) The Company is duly incorporated and is validly existing as a corporation in
good standing under the laws of Delaware and has the corporate power and
authority to own, lease or operate its assets and properties and to conduct its
business as it is now being conducted.

(b) The Shares have been duly authorized and, when issued and delivered to the
Subscriber against full payment therefor in accordance with the terms of this
Agreement, the Shares will be validly issued, fully paid and non-assessable and
will not have been issued in violation of or subject to any preemptive or
similar rights created under the Company’s Certificate of Incorporation or under
the laws of the State of Delaware.

(c) This Agreement has been duly authorized, executed and delivered by the
Company and is enforceable in accordance with its terms, subject to applicable
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and
similar laws affecting creditors’ rights generally and subject, as to
enforceability, to general principles of equity.

 

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(d) The issuance and sale of the Shares and the performance by the Company of
this Agreement and the consummation of the transactions herein will not conflict
with or result in a breach or violation of any of the terms or provisions of, or
constitute a default under, or result in the creation or imposition of any lien,
charge or encumbrance upon any of the property or assets of the Company or any
of its subsidiaries pursuant to the terms of, (i) any indenture, mortgage, deed
of trust, loan agreement, lease, license or other agreement or instrument to
which the Company or any of its subsidiaries is a party or by which the Company
or any of its subsidiaries is bound or to which any of the property or assets of
the Company is subject, which would have a material adverse effect on the
ability of the Company to consummate the transactions herein (a “Company
Material Adverse Effect”); (ii) result in any violation of the provisions of the
organizational documents of the Company; or (iii) result in any violation of any
statute or any judgment, order, rule or regulation of any court or governmental
agency or body, domestic or foreign, having jurisdiction over the Company or any
of its properties that would have a Company Material Adverse Effect.

(e) There are no securities or instruments issued by or to which the Company is
a party containing anti-dilution or similar provisions that will be triggered by
the issuance of (i) the Shares, or (ii) the securities to be issued pursuant to
any other subscription agreement with investors that have agreed to purchase
securities in connection with the Transaction, that have not been or will be
waived on or prior to the Closing Date.

(f) The Company has not entered into any agreement or arrangement entitling any
agent, broker, investment banker, financial advisor or other person to any
broker’s or finder’s fee or any other commission or similar fee in connection
with the transactions contemplated by this Agreement for which the Subscriber
could become liable (it being understood that the Subscriber will effectively
bear its pro rata share of any such expenses indirectly as a result of its
investment in the Company).

(g) As of the date of this Agreement, the authorized capital stock of the
Company consists of 221,000,000 shares of capital stock, consisting of (i)
200,000,000 shares of Class A Common Stock, (ii) 20,000,000 shares of Class F
Common Stock, par value $0.0001 per share, and (iii) 1,000,000 shares of
Preferred Stock. As of the date of this Agreement, the issued and outstanding
capital stock of the Company consists of 43,125,000 shares of capital stock,
consisting of (A) 34,500,000 shares of Class A Common Stock, (B) 8,625,000
shares of Class F Common Stock, and (C) no shares of Preferred Stock. As of the
date of this Agreement, the Company has 17,433,334 warrants outstanding, each
such warrant entitling the holder thereof to purchase one (1) share of Class A
Common Stock.

6. Subscriber Representations and Warranties. The Subscriber represents and
warrants to the Company that:

(a) The Subscriber is (i) a “qualified institutional buyer” (as defined in Rule
144A (“Rule 144A”) under the Securities Act of 1933 as amended (the “Securities
Act”)) or (ii) an institutional “accredited investor” (within the meaning of
Rule 501(a) under the Securities Act), in each case, satisfying the requirements
set forth on Schedule A, and is acquiring the Shares only for his, her or its
own account and not for the account of others, and not on behalf of any other
account or person or with a view to, or for offer or sale in connection with,
any distribution thereof in violation of the Securities Act (and shall provide
the requested information on Schedule A following the signature page hereto).

 

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(b) The Subscriber understands that the Shares are being offered in a
transaction not involving any public offering within the meaning of the
Securities Act and that the Shares have not been registered under the Securities
Act. The Subscriber understands that the Shares may not be resold, transferred,
pledged or otherwise disposed of by the Subscriber absent an effective
registration statement under the Securities Act except (i) to the Company or a
subsidiary thereof, (ii) to non-U.S. persons pursuant to offers and sales that
occur outside the United States within the meaning of Regulation S under the
Securities Act or (iii) pursuant to another applicable exemption from the
registration requirements of the Securities Act, and in each of cases (i) and
(iii), in accordance with any applicable securities laws of the states and other
jurisdictions of the United States, and that any certificates or book entry
account representing the Shares shall contain a legend to such effect
substantially consistent with the legend set forth in Section 7(b). The
Subscriber acknowledges that the Shares will not be eligible for resale pursuant
to Rule 144A. The Subscriber understands and agrees that the Shares will be
subject to transfer restrictions and, as a result of these transfer
restrictions, the Subscriber may not be able to readily resell the Shares and
may be required to bear the financial risk of an investment in the Shares for an
indefinite period of time. The Subscriber understands that it has been advised
to consult legal counsel prior to making any offer, resale, pledge or transfer
of any of the Shares.

(c) The Subscriber understands and agrees that the Subscriber is purchasing
Shares directly from the Company. The Subscriber further acknowledges that there
have been no representations, warranties, covenants and agreements made to the
Subscriber with respect to the Shares by the Company, or its officers or
directors, expressly or by implication, other than those representations,
warranties, covenants and agreements included in this Agreement.

(d) The Subscriber acknowledges and agrees that the Subscriber has received such
information as the Subscriber deems necessary in order to make an investment
decision with respect to the Shares. Without limiting the generality of the
foregoing, the Subscriber acknowledges that it has reviewed (i) the Company’s
and APX Group Holdings, Inc.’s filings with the Securities and Exchange
Commission (“SEC”); and (ii) certain business and legal due diligence materials
with respect to Voyager provided to the Subscriber by the Company. The
Subscriber represents and agrees that the Subscriber and the Subscriber’s
professional advisor(s), if any, have had the full opportunity to ask such
questions, receive such answers and obtain such information as the Subscriber
and the Subscriber’s professional advisor(s), if any, have deemed necessary to
make an investment decision with respect to the Shares.

(e) The Subscriber became aware of this offering of the Shares solely by means
of direct contact between the Subscriber and the Company or a representative of
the Company, and the Shares were offered to the Subscriber solely by direct
contact between the Subscriber and the Company or a representative of the
Company. The Subscriber did not become aware of this offering of the Shares, nor
were the Shares offered to the Subscriber, by any other means. The Subscriber
acknowledges that the Company represents and warrants that the Shares (i) were
not offered by any form of general solicitation or general advertising and
(ii) are not being offered in a manner involving a public offering under, or in
a distribution in violation of, the Securities Act, or any state securities
laws.

 

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(f) The Subscriber acknowledges that it is aware that there are substantial
risks incident to the purchase and ownership of the Shares, including those set
forth in the Company’s and APX Group Holdings, Inc.’s filings with the SEC. The
Subscriber has such knowledge and experience in financial and business matters
as to be capable of evaluating the merits and risks of an investment in the
Shares, and the Subscriber has sought such accounting, legal and tax advice as
the Subscriber has considered necessary to make an informed investment decision.

(g) Alone, or together with any professional advisor(s), the Subscriber has
adequately analyzed and fully considered the risks of an investment in the
Shares and determined that the Shares are a suitable investment for the
Subscriber and that the Subscriber is able at this time and in the foreseeable
future to bear the economic risk of a total loss of the Subscriber’s investment
in the Company. The Subscriber acknowledges specifically that a possibility of
total loss exists.

(h) In making its decision to purchase the Shares, the Subscriber has relied
solely upon independent investigation made by the Subscriber. Without limiting
the generality of the foregoing, the Subscriber has not relied on any statements
or other information provided by anyone other than the Company concerning the
Company or the Shares or the offer and sale of the Shares.

(i) The Subscriber understands and agrees that no federal or state agency has
passed upon or endorsed the merits of the offering of the Shares or made any
findings or determination as to the fairness of this investment.

(j) The Subscriber has been duly formed or incorporated and is validly existing
in good standing under the laws of its jurisdiction of incorporation or
formation.

(k) The execution, delivery and performance by the Subscriber of this Agreement
are within the powers of the Subscriber, have been duly authorized and will not
constitute or result in a breach or default under or conflict with any order,
ruling or regulation of any court or other tribunal or of any governmental
commission or agency, or any agreement or other undertaking, to which the
Subscriber is a party or by which the Subscriber is bound, and will not violate
any provisions of the Subscriber’s charter documents, including, without
limitation, its incorporation or formation papers, bylaws, indenture of trust or
partnership or operating agreement, as may be applicable, or any other
agreements to which it is party or to which its assets or business are subject.
The signature of the Subscriber on this Agreement is genuine, and the signatory
has been duly authorized to execute the same, and this Agreement constitutes a
legal, valid and binding obligation of the Subscriber, enforceable against the
Subscriber in accordance with its terms, subject to applicable bankruptcy,
insolvency, fraudulent conveyance, reorganization, moratorium and similar laws
affecting creditors’ rights generally and subject, as to enforceability, to
general principles of equity.

(l) Neither the due diligence investigation conducted by the Subscriber in
connection with making its decision to acquire the Shares nor any
representations and warranties made by the Subscriber herein shall modify, amend
or affect the Subscriber’s right to rely on the truth, accuracy and completeness
of the Company’s representations and warranties contained herein.

 

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(m) The Subscriber is not (i) a person or entity named on the List of Specially
Designated Nationals and Blocked Persons administered by the U.S. Treasury
Department’s Office of Foreign Assets Control (“OFAC”) or in any Executive Order
issued by the President of the United States and administered by OFAC (“OFAC
List”), or a person or entity prohibited by any OFAC sanctions program, (ii) a
Designated National as defined in the Cuban Assets Control Regulations, 31
C.F.R. Part 515, or (iii) a non-U.S. shell bank or providing banking services
indirectly to a non-U.S. shell bank. The Subscriber agrees to provide law
enforcement agencies, if requested thereby, such records as required by
applicable law, provided that the Subscriber is permitted to do so under
applicable law. If the Subscriber is a financial institution subject to the Bank
Secrecy Act (31 U.S.C. Section 5311 et seq.) (the “BSA”), as amended by the USA
PATRIOT Act of 2001 (the “PATRIOT Act”), and its implementing regulations
(collectively, the “BSA/PATRIOT Act”), the Subscriber maintains policies and
procedures reasonably designed to comply with applicable obligations under the
BSA/PATRIOT Act. To the extent required by law, it maintains policies and
procedures reasonably designed for the screening of its investors against the
OFAC sanctions programs, including the OFAC List. To the extent required by law,
it maintains policies and procedures reasonably designed to ensure that the
funds held by the Subscriber and used to purchase the Shares were legally
derived.

(n) Subject to the satisfaction of the terms and conditions of this Agreement,
the Subscriber will have sufficient funds to pay the Subscription Amount
pursuant to Section 2 at the Closing.

(o) Assuming the Subscriber will hold no more than 10% of the Company’s issued
and outstanding voting securities after giving effect to the Transaction
(including the private placements contemplated thereby), the Subscriber
qualifies for the “acquisition solely for the purpose of investment exemption”
under 16 C.F.R. § 802.9, and the Subscriber’s acquisition of the Shares is
therefore exempt from the requirements of the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended.

(p) The Subscriber acknowledges and agrees that this Agreement is being entered
into in order to induce Voyager to enter into the Transaction Agreement and that
Voyager is a third-party beneficiary of the Subscriber’s commitment hereunder.

7. Delivery of Securities.

(a) The Company shall register the Subscriber as the owner of the Shares
purchased by the Subscriber hereunder (individually or collectively, the
“Securities”) in the appropriate books and records of the Company and with the
Company’s transfer agent in certificated form or by book entry on or promptly
after (but in no event more than two (2) Business Days after) the date of the
Closing.

(b) Each register and book entry for the Securities shall contain a notation,
and each certificate (if any) evidencing the Securities shall be stamped or
otherwise imprinted with a legend, in substantially the following form:

“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE OR OTHER
JURISDICTION, AND MAY NOT BE TRANSFERRED IN VIOLATION OF SUCH ACT AND LAWS.

 

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THE SALE, PLEDGE, HYPOTHECATION, OR TRANSFER OF THE SECURITIES REPRESENTED
HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN SUBSCRIPTION
AGREEMENT BY AND AMONG THE HOLDER AND THE OTHER PARTIES THERETO. COPIES OF SUCH
AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY.

(c) If the Securities are eligible to be sold without restriction under, and
without the Company being in compliance with the current public information
requirements of, Rule 144 under the Securities Act, then at the Subscriber’s
request, the Company will cause the Company’s transfer agent to remove the
legend set forth in Section 7(b). In connection therewith, if required by the
Company’s transfer agent, the Company will promptly cause an opinion of counsel
to be delivered to and maintained with its transfer agent, together with any
other authorizations, certificates and directions required by the transfer agent
that authorize and direct the transfer agent to issue such Securities without
any such legend.

8. Lockup Agreement. Concurrently with the execution of this Agreement and as a
condition to the effectiveness of this Agreement, the Subscriber has entered
into a lockup agreement with Mosaic (the “Lockup Agreement”).

9. Termination. This Agreement shall terminate and be void and of no further
force and effect, and all rights and obligations of the parties hereunder shall
terminate without any further liability on the part of any party in respect
thereof, upon the earlier to occur of (a) such date and time as the Transaction
Agreement is terminated in accordance with its terms, (b) the mutual written
agreement of each of the parties hereto and Voyager to terminate this Agreement
or (c) if any of the conditions to Closing set forth in Section 3 of this
Agreement are not satisfied or waived on or prior to the Closing and, as a
result thereof, the transactions contemplated by this Agreement are not
consummated at the Closing. The Company shall promptly notify the Subscriber of
(i) the termination of the Transaction Agreement promptly after the termination
of such agreement, (ii) any amendment to the Transaction Agreement and (iii) any
waiver of any of the conditions specified in Article IX of the Transaction
Agreement.

10. Trust Account Waiver. The Subscriber acknowledges that the Company is a
blank check company with the powers and privileges necessary or convenient to
the conduct, promotion or attainment of the business or purposes of the Company,
including, but not limited to, effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business combination
involving the Company and one or more businesses. The Subscriber hereby
acknowledges that the Company established the trust account at J.P. Morgan Chase
Bank, N.A. (the “Trust Account”), maintained by Continental Stock Transfer &
Trust Company, a New York corporation, acting as trustee, pursuant to the
Investment Management Trust Agreement, dated October 18, 2017, by and between
the Company and the trustee, for the benefit of its public shareholders upon the
closing of its initial public offering. For and in consideration of the Company
entering into this Agreement, the receipt and sufficiency of which are hereby
acknowledged, the Subscriber hereby irrevocably waives any and all right, title
and interest, or any claim of any kind it has or may have in the future, in or
to any monies held in the Trust Account, and agrees not to seek recourse against
the Trust Account as a result of, or arising out of, this Agreement.

 

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11. Miscellaneous.

(a) The Company may not assign either this Agreement or any of its rights,
interests or obligations hereunder without the prior written consent of the
Subscriber and Voyager.

(b) The Company may request from the Subscriber such additional information as
the Company may deem necessary to evaluate the eligibility of the Subscriber to
acquire the Shares, and the Subscriber shall provide such information as may
reasonably be requested, to the extent readily available and to the extent
consistent with its internal policies and procedures.

(c) The Subscriber acknowledges that the Company will rely on the
acknowledgments, understandings, agreements, representations and warranties
contained in this Agreement. Prior to the Closing, the Subscriber agrees to
promptly notify the Company if any of the acknowledgments, understandings,
agreements, representations and warranties set forth herein are no longer
accurate. The Subscriber further acknowledges and agrees that Voyager is a
third-party beneficiary of the representations and warranties of the Subscriber
contained in Section 6 of this Agreement.

(d) Each of the Company and Voyager is entitled to rely upon this Agreement and
is irrevocably authorized to produce this Agreement or a copy hereof to any
interested party in any administrative or legal proceeding or official inquiry
with respect to the matters covered hereby.

(e) All the agreements, representations and warranties made by each party hereto
in this Agreement shall survive the Closing.

(f) This Agreement may not be modified or waived (i) except by an instrument in
writing, signed by the party against whom enforcement of such modification or
waiver is sought and (ii) without the prior written consent of Voyager.

(g) This Agreement constitutes the entire agreement, and supersedes all other
prior agreements, understandings, representations and warranties, both written
and oral, among the parties, with respect to the subject matter hereof. This
Agreement shall not confer any rights or remedies upon any person other than the
parties hereto, and their respective successors and assigns; provided, that,
subject to the terms and conditions of this Agreement and the Transaction
Agreement, Voyager shall have the right, as a third party beneficiary of this
Agreement, to obtain specific performance of the Subscriber’s obligation to
cause the Subscription Amount to be funded when due hereunder (including, to the
extent necessary to cause such funding, to cause the Subscriber to use
reasonable best efforts to enforce contractual commitments available to the
Subscriber), but solely to the extent the Company has the right hereunder to
enforce such obligation pursuant to the terms, and subject to the conditions,
hereof and solely to the extent required to give effect to a grant of specific
performance to Voyager under and in accordance with the terms and conditions of
the Transaction Agreement (as in effect on the date hereof), and for no other
purpose, which right of Voyager as third party beneficiary shall be the sole and
exclusive direct or indirect right and remedy (whether at law or in equity)
available to Voyager and its security holders and affiliates (or available to
any Person claiming by, through, or on behalf or for the benefit of any of them)
against the Subscriber or any of its direct or indirect equityholders,
management companies, affiliates, agents, attorneys, or representatives, and any

 

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financial advisor or lender or any affiliate of any of the foregoing, with
respect to any claim (whether sounding in contract or tort, under statute or
otherwise) arising under or related to the Transaction Agreement or this
Agreement or the transactions contemplated hereby or thereby or related
negotiations, including without limitation in connection with any beach or
alleged breach by the Company of any obligation under or related to the
Transaction Agreement (whether or not any such breach or alleged breach is
caused by the Subscriber’s breach of its obligations under this Agreement) and
any breach or alleged breach by the Subscriber of any obligation under or
related to this Agreement.

(h) Except as otherwise provided herein, this Agreement shall be binding upon,
and inure to the benefit of, the parties hereto and their heirs, executors,
administrators, successors, legal representatives, and permitted assigns, and
the agreements, representations, warranties, covenants and acknowledgments
contained herein shall be deemed to be made by, and be binding upon, such heirs,
executors, administrators, successors, legal representatives and permitted
assigns.

(i) If any provision of this Agreement shall be invalid, illegal or
unenforceable, the validity, legality or enforceability of the remaining
provisions of this Agreement shall not in any way be affected or impaired
thereby and shall continue in full force and effect.

(j) This Agreement may be executed in one or more counterparts (including by
facsimile or electronic mail or in .pdf) and by different parties in separate
counterparts, with the same effect as if all parties hereto had signed the same
document. All counterparts so executed and delivered shall be construed together
and shall constitute one and the same agreement.

(k) The parties hereto agree that irreparable damage would occur in the event
that any of the provisions of this Agreement were not performed in accordance
with their specific terms or were otherwise breached. It is accordingly agreed
that the parties shall be entitled to an injunction or injunctions to prevent
breaches of this Agreement and to enforce specifically the terms and provisions
of this Agreement, this being in addition to any other remedy to which such
party is entitled at law, in equity, in contract, in tort or otherwise.

(l) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF
LAWS THAT WOULD OTHERWISE REQUIRE THE APPLICATION OF THE LAW OF ANY OTHER STATE.
EACH PARTY HERETO HEREBY WAIVES ANY RIGHT TO A JURY TRIAL IN CONNECTION WITH ANY
LITIGATION PURSUANT TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY.

(m) Each party hereto hereby, and any person asserting rights as a third party
beneficiary hereunder may do so only if he, she or it, irrevocably agrees that
any claims shall be brought only to the exclusive jurisdiction of the courts of
the State of Delaware located in New Castle County or, if such courts decline to
exercise jurisdiction, any federal or state court located in New York County,
New York, and each party hereby consents to the jurisdiction of such courts (and
of the appropriate appellate courts therefrom) in any such suit, action or
proceeding and irrevocably waives, to the fullest extent permitted by law, any
objection that it may now or

 

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hereafter have to the laying of the venue of any such suit, action or proceeding
in any such court or that any such suit, action or proceeding that is brought in
any such court has been brought in an inconvenient forum. During the period a
claim that is filed in accordance with this Section 11(m) is pending before a
court, all actions, suits or proceedings with respect to such claim or any other
claim, including any counterclaim, cross-claim or interpleader, shall be subject
to the exclusive jurisdiction of such court. Each party and any person asserting
rights as a third party beneficiary may do so only if he, she or it hereby
waives, and shall not assert as a defense in any claim, that (a) such party is
not personally subject to the jurisdiction of the above named courts for any
reason, (b) such action, suit or proceeding may not be brought or is not
maintainable in such court, (c) such party’s property is exempt or immune from
execution, (d) such action, suit or proceeding is brought in an inconvenient
forum, or (e) the venue of such action, suit or proceeding is improper. A final
judgment in any action, suit or proceeding described in this Section 11(m)
following the expiration of any period permitted for appeal and subject to any
stay during appeal shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law.

12. Non-Reliance and Exculpation. The Subscriber acknowledges that it is not
relying upon, and has not relied upon, any statement, representation or warranty
made by any person, firm or corporation (including, without limitation, Voyager,
any of its affiliates or any of its or their control persons, officers,
directors and employees), other than the statements, representations and
warranties contained in this Agreement, in making its investment or decision to
invest in the Company. The Subscriber agrees that neither (i) any other
purchaser pursuant to this Agreement or any other agreement related to the
private placement of the Shares (including the respective controlling persons,
officers, directors, partners, agents, or employees of any such purchaser) nor
(ii) Voyager, its affiliates or any of its or their affiliates’ control persons,
officers, directors or employees, shall be liable to any other purchaser
pursuant to this Agreement or any other Agreement related to the private
placement of the Shares for any action heretofore or hereafter taken or omitted
to be taken by any of them in connection with the purchase of the Shares.

13. Additional Consideration. Reference is made to that certain Sponsor
Agreement, dated as of September 15, 2019 (the “Sponsor Agreement”), by and
among the Company, Voyager, the Sponsor, Eugene I. Davis and Fortress Mosaic
Sponsor LLC, a Delaware limited liability company. The Sponsor hereby agrees to
forfeit to the Company 25% of the Founder Shares and Private Placement Warrants
(each as defined in the Sponsor Agreement) held by the Sponsor as of the closing
of the Transaction and the Company shall issue, as additional consideration for
the Subscription, an equal number of shares and warrants (together, the
“Additional Securities”) to the Subscriber. The Company, the Subscriber and
Voyager hereby agree that the Subscriber shall be subject to paragraph 4(c) of
the Sponsor Agreement as if it were a “Sponsor” thereunder with respect to such
Additional Securities (which, for the avoidance of doubt, shall be subject to
the same vesting and forfeiture provisions set forth in paragraph 4(c) of the
Sponsor Agreement that are applicable to the Founder Shares and the Private
Placement Warrants). The Sponsor and the Subscriber further agree that in the
event any forward purchasers (including the Subscriber, the “Forward
Purchasers”) party to those certain Forward Purchase Agreements, each dated as
of September 26, 2017, entered into by the Company, the Sponsor, Fortress Mosaic
Sponsor LLC and each Forward Purchaser (as amended, the “Forward Purchase
Agreements”) exercise their Contingent Call Option (as defined in the Forward
Purchase Agreements), the Subscriber’s right to exercise its Contingent Call
Option shall be reduced by 25% of the total shares otherwise transferrable by
the Sponsor to all Forward Purchasers exercising such Contingent Call Options
against the Sponsor.

 

11

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14. Registration Rights. On or prior to the expiration of the Lock-Up Period (as
defined in the Lockup Agreement) (the “Filing Deadline”), the Company will file
a resale “shelf” registration statement on Form S-3 (the “Registration
Statement”) covering the Shares; provided, that if Form S-3 is unavailable for
such a registration, the Company shall register the resale of the Shares on
another appropriate form and undertake to register the Shares on Form S-3 as
soon as such form is available. The Company will use commercially reasonable
efforts to have the Registration Statement declared effective by the SEC within
sixty (60) days after the Filing Deadline (the “Effectiveness Deadline”);
provided, that the Effectiveness Deadline will be extended to one-hundred and
twenty (120) days after the Filing Deadline if the Registration Statement is
reviewed by, and the Company receives comments from, the SEC. The Company will
use its commercially reasonable efforts to maintain the continuous effectiveness
of the Registration Statement until all such securities are freely transferable
by the holder without registration and without volume or manner of sale
restrictions under the Securities Act pursuant to Rule 144 thereunder or such
shorter period ending when such registrable securities have actually been sold.
The limitations on registration rights set forth in paragraphs 3, 9 and 10 of
Exhibit A to the Subscriber’s Forward Purchase Agreement shall apply to the
Shares and the registration rights in this paragraph 14 mutatis mutandis.

[SIGNATURE PAGES FOLLOW]

 

12

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IN WITNESS WHEREOF, the Subscriber has executed or caused this Agreement to be
executed by its duly authorized representative as of the date set forth above.

 

Name of Subscriber: Fayerweather Fund Eiger, L.P. By:  

/s/ Andrew L. Stevenson

 

Name: Andrew L. Stevenson

Its: Manager of Fayerweather Management LLC

        its General Partner

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IN WITNESS WHEREOF, the Company has executed or caused this Agreement to be
executed by its duly authorized representative as of the date set forth above.

 

MOSAIC ACQUISITION CORP. By:  

/s/ David M. Maura

  Name: David M. Maura   Title: Chairman, President and Chief Executive Officer
MOSAIC SPONSOR, LLC By:  

/s/ David M. Maura

  Name: David M. Maura   Title: Member

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IN WITNESS WHEREOF, Voyager has executed or caused this Agreement to be executed
by its duly authorized representative as of the date set forth above.

 

VIVINT SMART HOME, INC. By:  

/s/ Shawn J. Lindquist

  Name: Shawn J. Lindquist
Title: Chief Legal Officer

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SCHEDULE A

ELIGIBILITY REPRESENTATIONS OF THE SUBSCRIBER

 

A.

QUALIFIED INSTITUTIONAL BUYER STATUS (Please check the applicable
subparagraphs):

 

  1.

☐ We are a “qualified institutional buyer” (as defined in Rule 144A under the
Securities Act of 1933, as amended (the “Securities Act”)).

 

B.

B. INSTITUTIONAL ACCREDITED INVESTOR STATUS (Please check the applicable
subparagraphs):

 

  1.

☒ We are an “accredited investor” (within the meaning of Rule 501(a) under the
Securities Act.) for one or more of the following reasons (Please check the
applicable subparagraphs):

 

  ☐

We are a bank, as defined in Section 3(a)(2) of the Securities Act or any
savings and loan association or other institution as defined in
Section 3(a)(5)(A) of the Securities Act, whether acting in an individual or a
fiduciary capacity.

 

  ☐

We are a broker or dealer registered under Section 15 of the Securities Exchange
Act of 1934, as amended.

 

  ☐

We are an insurance company, as defined in Section 2(13) of the Securities Act.

 

  ☐

We are an investment company registered under the Investment Company Act of 1940
or a business development company, as defined in Section 2(a)(48) of that act.

 

  ☐

We are a Small Business Investment Company licensed by the U.S. Small Business
Administration under Section 301(c) or (d) of the Small Business Investment Act
of 1958.

 

  ☐

We are a plan established and maintained by a state, its political subdivisions
or any agency or instrumentality of a state or its political subdivisions for
the benefit of its employees, if the plan has total assets in excess of
$5 million.

 

  ☐

We are an employee benefit plan within the meaning of Title I of the Employee
Retirement Income Security Act of 1974, if the investment decision is being made
by a plan fiduciary, as defined in Section 3(21) of such act, and the plan
fiduciary is either a bank, a savings and loan association, an insurance
company, or a registered investment adviser, or if the employee benefit plan has
total assets in excess of $5 million.

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  ☐

We are a private business development company, as defined in Section 202(a)(22)
of the Investment Advisers Act of 1940.

 

  ☒

We are a corporation, Massachusetts or similar business trust, or partnership,
or an organization described in Section 501(c) (3) of the Internal Revenue Code
of 1986, as amended, that was not formed for the specific purpose of acquiring
the Securities, and that has total assets in excess of $5 million.

 

  ☐

We are a trust with total assets in excess of $5 million not formed for the
specific purpose of acquiring the Securities, whose purchase is directed by a
sophisticated person as described in Rule 506(b)(2)(ii) under the Securities
Act.

 

  ☐

We are an entity in which all of the equity owners are accredited investors.

 

C.

AFFILIATE STATUS

(Please check the applicable box)

THE SUBSCRIBER:

 

  ☐

is:

 

  ☒

is not:

an “affiliate” (as defined in Rule 144 under the Securities Act) of the Company
or acting on behalf of an affiliate of the Company.

This page should be completed by the Subscriber and constitutes a part of the
Agreement