Document:

Exhibit
10.1

 

Execution Version

 

January 14, 2021

 

Group Nine Acquisition Corp.

568 Broadway

Floor 10

New York, NY 10012

Attention: Sean Macnew

 

 

Re: Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (this “Letter Agreement”)
is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered
into or proposed to be entered into by and among Group Nine Acquisition Corp., a Delaware corporation (the “Company”),
and Barclays Capital Inc. and CODE Advisors LLC, as the representatives (the “Representatives”) of the several
underwriters named therein (collectively, the “Underwriters”), relating to an underwritten initial public offering
(the “Public Offering”) of up to 23,000,000 of the Company’s units (including up to 3,000,000 units that
may be purchased to cover over-allotments, if any) (the “Units”), each comprised of one share of the Company’s
Class A common stock, par value $0.0001 per share (“Common Stock”), and one-third of one redeemable warrant
(each, a “Warrant”). Each whole Warrant entitles the holder thereof to purchase one share of Common Stock at
a price of $11.50 per share, subject to adjustment. The Units will be sold in the Public Offering pursuant to a registration statement
on Form S-1 and prospectus (the “Prospectus”) filed by the Company with the Securities and Exchange Commission
(the “Commission”) and the Company has applied to have the Units listed on the NASDAQ Capital Market. Certain
capitalized terms used herein are defined in paragraph 11 hereof.

 

In order to induce the Company and the Underwriters
to enter into the Underwriting Agreement and to proceed with the Public Offering and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, each of Group Nine SPAC LLC (the “Sponsor”) and
the undersigned individuals, each of whom is a member of the Company’s board of directors, a nominee for membership on the
Company’s board of directors and/or a member of the Company’s management team (each, an “Insider”
and collectively, the “Insiders”), hereby agrees, severally but not jointly, with the Company as follows:

 

1.                 
The Sponsor and each Insider agrees that if the Company seeks stockholder approval of a proposed Business Combination, then
in connection with such proposed Business Combination, it, he or she shall (i) vote any shares of Capital Stock owned by it, him
or her in favor of any proposed Business Combination and (ii) not redeem any shares of Capital Stock owned by it, him or her in
connection with such stockholder approval. If the Company engages in a tender offer in connection with any proposed Business Combination,
the Sponsor and each Insider agrees that it, he or she will not sell or tender any shares of Capital Stock owned by it, him or
her to the Company in connection therewith.

 

     

     

    

 

2.                 
The Sponsor and each Insider hereby agrees that in the event that the Company fails to consummate a Business Combination
within 24 months from the closing of the Public Offering, or such later period as approved by the Company’s stockholders
in accordance with the Company’s amended and restated certificate of incorporation (such later period, an “Extension
Period”), it, he or she shall take all reasonable steps to cause the Company to (i) cease all operations except for the
purpose of winding up, (ii) as promptly as reasonably possible but not more than ten (10) Business Days thereafter, redeem 100%
of the shares of Common Stock sold as part of the Units in the Public Offering (the “Offering Shares”), at a
per share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned
on the funds held in the Trust Account (net of taxes payable and less up to $100,0000 of interest to pay dissolution expenses),
divided by the number of then outstanding Offering Shares, which redemption will completely extinguish all Public Stockholders’
rights as stockholders of the Company (including the right to receive further liquidation distributions, if any) and (iii) as promptly
as reasonably possible following such redemption, subject to the approval of the Company’s remaining stockholders and the
Company’s board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Delaware
law to provide for claims of creditors and other requirements of applicable law. The Sponsor and each Insider agrees not to propose
any amendment to the Company’s amended and restated certificate of incorporation to modify the substance or timing of the
Company’s obligation to allow redemption in connection with the Company’s initial Business Combination or to redeem
100% of the Offering Shares if the Company does not complete a Business Combination within 24 months from the closing of the Public
Offering or with respect to any other provision relating to stockholders rights or pre-initial Business Combination activity, unless
the Company provides Public Stockholders with the opportunity to redeem their Offering Shares upon approval of any such amendment
at a per share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned
on the funds held in the Trust Account (net of taxes payable), divided by the number of then outstanding Offering Shares.

 

The Sponsor and each Insider acknowledges
that, with respect to the Founder Shares held by it, it, he or she has no right, title, interest or claim of any kind in or to
any monies held in the Trust Account as a result of any liquidation of the Company (although the Sponsor and the Insiders shall
be entitled to redemption and liquidation rights with respect to any Offering Shares it or they hold if the Company fails to consummate
a Business Combination within 24 months from the date of the closing of the Public Offering or during any Extension Period). The
Sponsor and each Insider hereby further waives, with respect to any shares of Capital Stock held by it, him or her, if any, any
redemption rights it, he or she may have in connection with (A) the consummation of a Business Combination, including, without
limitation, any such rights available in the context of a stockholder vote to approve such Business Combination or in the context
of a tender offer made by the Company to purchase shares of Common Stock, or (B) a stockholder vote to approve an amendment to
the Company’s amended and restated certificate of incorporation (i) to modify the substance or timing of the Company’s
obligation to allow redemption in connection with the Company’s initial Business Combination or to redeem 100% of the Offering
Shares if the Company has not consummated a Business Combination within 24 months from the closing of the Public Offering or (ii)
with respect to any other provision relating to stockholders rights or pre-initial Business Combination activity.

 

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3.                 
Notwithstanding the provisions set forth in paragraphs 7(a) and (b) below, during the period commencing on the date of the
Underwriting Agreement and ending 180 days after such date, the Sponsor and each Insider shall not, without the prior written consent
of the Representatives, (i) offer, pledge, hypothecate, sell, contract to sell, sell any option or contract to purchase, purchase
any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of or agree
to transfer or dispose of, directly or indirectly, any Units, shares of Common Stock, Founder Shares, Warrants or any securities
convertible into, or exercisable, or exchangeable for, any Units, Common Stock, Founder Shares, or Warrants (ii) file with, or
submit to, the Commission a registration statement under the Securities Act of 1933, as amended (the “Securities Act”)
relating to any Units, shares of Common Stock, Founder Shares, Warrants or any securities convertible into, or exercisable, or
exchangeable for, any Units, Common Stock, Founder Shares, or Warrants, (iii) establish or increase a put equivalent position or
liquidate or decrease a call equivalent position withiin the meaning of Section 16 of the Securities Exchange Act of 1934, as amended
(“Section 16”) with respect to any Units, shares of Common Stock, Founder Shares, Warrants or any securities
convertible into, or exercisable, or exchangeable for, any Units, Common Stock, Founder Shares, or Warrants, (iv) enter into any
swap or other arrangement that transfers, in whole or in part, any of the economic consequences of ownership of any Units, shares
of Common Stock, Founder Shares, or Warrants or any securities convertible into, or exercisable, or exchangeable for, any Units,
Common Stock, Founder Shares, or Warrants, whether any such transaction is to be settled by delivery of such securities, in cash
or otherwise, or (v) publicly disclose the intention to undertake any transaction specified in clause (i), (ii), (iii) or (iv)
above; provided, however, the foregoing shall not apply to the forfeiture of any Founder Shares pursuant to their
terms.

 

4.                 
In the event of the liquidation of the Trust Account upon the failure of the Company to consummate a Business Combination
within 24 months from the date of the closing of the Public Offering or during any Extension Period, the Sponsor (which for purposes
of clarification shall not extend to the stockholders, members or managers of the Sponsor, or any of the other undersigned) agrees
to indemnify and hold harmless the Company against any and all loss, liability, claim, damage and expense whatsoever (including,
but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any
litigation, whether pending or threatened, or any claim whatsoever) to which the Company may become subject as a result of any
claim by (i) any third party (other than the Company’s independent registered public accounting firm) for services rendered
or products sold to the Company or (ii) a prospective target business with which the Company has discussed entering into a transaction
agreement (a “Target”); provided, however, that such indemnification of the Company by the Sponsor
(x) shall apply only to the extent necessary to ensure that such claims by a third party (other than the Company’s independent
registered public accounting firm) for services rendered or products sold to the Company or a Target do not reduce the amount of
funds in the Trust Account to below (i) $10.00 per Offering Share or (ii) such lesser amount per Offering Share held in the Trust
Account as of the date of the liquidation of the Trust Account due to reductions in the value of the trust assets, in each case,
net of the amount of interest earned on the property in the Trust Account which may be withdrawn to pay the Company’s taxes
(less up to $100,000 of interest to pay dissolution expenses), (y) shall not apply to any claims by a third party who executed
a waiver of any and all rights to seek access to the Trust Account and (z) shall not apply to any claims under the Company’s
indemnity of the Underwriters against certain liabilities, including liabilities under the Securities Act. In the event that any
such executed waiver is deemed to be unenforceable against such third party, the Sponsor shall not be responsible to the extent
of any liability for such third party claims. The Sponsor shall have the right to defend against any such claim with counsel of
its choice reasonably satisfactory to the Company if, within 15 days following written receipt of notice of the claim to the Sponsor,
the Sponsor notifies the Company in writing that it shall undertake such defense.

 

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5.                 
To the extent that the Underwriters do not exercise their over-allotment option to purchase up to an additional 3,000,000
Units within 45 days from the date of the Prospectus (and as further described in the Prospectus), the Sponsor agrees that it shall
forfeit, at no cost, a number of Founder Shares equal to the product of 750,000 multiplied by a fraction, (i) the numerator of
which is 3,000,000 minus the number of Units purchased by the Underwriters upon the exercise of their over-allotment option, and
(ii) the denominator of which is 3,000,000. The forfeiture will be adjusted to the extent that the over-allotment option is not
exercised in full by the Underwriters so that the number of Founder Shares will represent an aggregate of 20.0% of the Company’s
issued and outstanding shares of Capital Stock after the Public Offering (not including shares of Common Stock underlying the Warrants
or the Private Placement Warrants). The Initial Stockholders agree that to the extent that the size of the Public Offering is increased
or decreased, the Company will effect a stock dividend or share repurchase or contribution back to capital, as applicable, immediately
prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20.0% of its issued
and outstanding shares of Capital Stock upon the consummation of the Public Offering. In connection with such increase or decrease
in the size of the Public Offering, then (A) the references to 3,000,000 in the numerator and denominator of the formula in the
first sentence of this paragraph shall be changed to a number equal to 15.0% of the number of shares included in the Units issued
in the Public Offering and (B) the reference to 750,000 in the formula set forth in the first sentence of this paragraph 5 shall
be adjusted to such number of Founder Shares that the Sponsor would have to return to the Company in order for the number of Founder
Shares to equal an aggregate of 20.0% of the Company’s issued and outstanding shares of Capital Stock after the Public Offering.

 

6.                 
The Sponsor and each Insider hereby agrees and acknowledges that: (i) the Underwriters and the Company would be irreparably
injured in the event of a breach by such Sponsor or Insider of its, or his or her obligations under paragraphs 1, 2, 3, 4, 5, 7(a),
7(b), 8 and 9 of this Letter Agreement, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching
party shall be entitled to seek injunctive relief, in addition to any other remedy that such party may have in law or in equity,
in the event of such breach.

 

7.                 
(a) The Sponsor and each Insider agrees that it, he or she shall not Transfer any Founder Shares (or shares of Common Stock
issuable upon conversion thereof) until the earlier of (A) one year after the completion of the Company’s initial Business
Combination and (B) subsequent to the Company’s initial Business Combination, if the last reported sale price of the Common
Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and
the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial
Business Combination or (y) the date on which the Company completes a liquidation, merger, stock exchange, reorganization or other
similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of common
stock for cash, securities or other property (the “Founder Shares Lock-up Period”).

 

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(b)              
The Sponsor and each Insider agrees that, to the extent it, he or she holds Private Placement Warrants, it, he or she shall
not Transfer any Private Placement Warrants (or shares of Common Stock issued or issuable upon the exercise of the Private Placement
Warrants), until 30 days after the completion of the Company’s initial Business Combination (the “Private Placement
Warrants Lock-up Period,” together with the Founder Shares Lock-up Period, the “Lock-up Periods”).

 

(c)              
Notwithstanding the provisions set forth in paragraphs 7(a) and (b), Transfers of the Founder Shares, Private Placement
Warrants and shares of Common Stock issued or issuable upon the exercise or conversion of the Private Placement Warrants or the
Founder Shares and that are held by the Sponsor, any Insider or any of their permitted transferees (that have complied with this
paragraph 7(c)), are permitted (a) to the Company’s officers or directors, any affiliates or family members of any of the
Company’s officers or directors, any members of the Sponsor, or any affiliates of the Sponsor; (b) in the case of an individual,
by gift to a member of the individual’s immediate family or to a trust, the beneficiary of which is a member of the individual’s
immediate family or an affiliate of such person, or to a charitable organization; (c) in the case of an individual, by virtue of
laws of descent and distribution upon death of the individual; (d) in the case of an individual, pursuant to a qualified domestic
relations order; (e) by private sales or transfers made in connection with the consummation of a Business Combination at prices
no greater than the price at which the Founder Shares, Private Placement Warrants and shares of Common Stock were originally purchased;
(f) in the event of the Company’s liquidation prior to the completion of its initial Business Combination; (g) by virtue
of the laws of the State of Delaware or the Sponsor’s limited liability company agreement, as amended, upon dissolution of
the Sponsor; or (h) in the event of the Company’s completion of a liquidation, merger, stock exchange, reorganization or
other similar transaction which results in all of the Company’s stockholders having the right to exchange their shares of
common stock for cash, securities or other property subsequent to the Company’s completion of a Business Combination; provided,
however, that in the case of clauses (a) through (g), these permitted transferees must enter into a written agreement with the
Company agreeing to be bound by the transfer restrictions herein and the other restrictions contained in this Agreement (including
provisions relating to voting, the Trust Account and liquidating distributions).

 

8.                 
The Sponsor and each Insider represents and warrants that it, he or she has never been suspended or expelled from membership
in any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended
or revoked. Each Insider’s biographical information furnished to the Company (including any such information included in
the Prospectus) is true and accurate in all respects and does not omit any material information with respect to the undersigned’s
background. Each Insider’s questionnaire furnished to the Company and the Representatives is true and accurate in all respects.
Each Insider represents and warrants that: such Insider is not subject to or a respondent in any legal action for, any injunction,
cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating to the offering of securities
in any jurisdiction; such Insider has never been convicted of, or pleaded guilty to, any crime (i) involving fraud, (ii) relating
to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and
it is not currently a defendant in any such criminal proceeding.

 

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9.                 
Except as disclosed in, or expressly contemplated by, the Prospectus, none of the Sponsor, any officer or director of the
Company or any affiliate of the Sponsor or any director or officer of the Company, shall receive from the Company any finder’s
fee, reimbursement, consulting fee, monies in respect of any repayment of a loan or other compensation prior to, or in connection
with any services rendered in order to effectuate the consummation of the Company’s initial Business Combination (regardless
of the type of transaction that it is).

 

10.               
The Sponsor and each Insider has full right and power, without violating any agreement to which it is bound (including,
without limitation, any non-competition or non-solicitation agreement with any employer or former employer), to enter into this
Letter Agreement and, as applicable, to serve as an officer and/or a director of the Company, as applicable, and hereby consents
to being named in the Prospectus as an officer and/or director of the Company, as applicable.

 

11.               
As used herein, (i) “Business Combination” shall mean any merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination, involving the Company and one or more businesses; (ii) “Business
Day” means each day that is not a Saturday, Sunday or other day on which banking institutions in The City of New York, New
York, are authorized or required by law to close; (iii) “Capital Stock” shall mean, collectively, the Common Stock
and the Founder Shares; (iv) “Founder Shares” shall mean the 5,750,000 shares of the Company’s Class B common
stock, par value $0.0001 per share, issued and outstanding as of the date hereof (up to 750,000 of which are subject to forfeiture
by the Sponsor depending on the extent to which the Underwriters’ over-allotment option is); (v) “Initial Stockholders”
shall mean the Sponsor and any Insider that holds Founder Shares prior to the consummation of the Public Offering; (vi) “Private
Placement Warrants” shall mean the 2,600,000 Warrants (2,840,000 Warrants if the Underwriters’ over-allotment option
is exercised in full) to purchase shares of Common Stock of the Company that the Sponsor has agreed to purchase for an aggregate
purchase price of $3,900,000 (or $4,260,000 if the Underwriters’ over-allotment option is exercised in full) in a private
placement that shall occur simultaneously with the consummation of the Public Offering; (vii) “Public Stockholders”
shall mean the holders of the Offering Shares; (viii) “Trust Account” shall mean the trust fund into which a portion
of the net proceeds of the Public Offering and the sale of the Private Placement Warrants shall be deposited; and (ix) “Transfer”
shall mean the (a) sale or assignment of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option
to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent
position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 and the rules
and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement
that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such
transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention
to effect any transaction specified in clause (a) or (b).

 

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12.               
The Company will maintain an insurance policy or policies providing directors’ and officers’ liability insurance,
and each officer or director of the Company shall be covered by such policy or policies, in accordance with its or their terms,
to the maximum extent of the coverage available for any of the Company’s officers or directors.

 

13.               
This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject
matter hereof and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or
oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement
may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except
by a written instrument executed by (1) each Insider that is the subject of any such change, amendment, modification or waiver,
(2) the Company and (3) the Sponsor.

 

14.               
No party hereto may assign either this Letter Agreement or any of its rights, interests, or obligations hereunder without
the prior written consent of the other parties. Any purported assignment in violation of this paragraph shall be void and ineffectual
and shall not operate to transfer or assign any interest or title to the purported assignee. This Letter Agreement shall be binding
on the Company, the Sponsor and each Insider and their respective successors, heirs and assigns and permitted transferees.

 

15.               
This Letter Agreement may be executed in any number of original, facsimile or other electronic counterparts and each of
such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one
and the same instrument.

 

16.               
This Letter Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof
shall not affect the validity or enforceability of this Letter Agreement or of any other term or provision hereof. Furthermore,
in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of
this Letter Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid
and enforceable.

 

17.               
This Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York
(including, without limitation, Sections 5-1401 and 5-1402 of the New York General Obligations Law and New York Civil Practice
Laws and Rules 327(b)), without giving effect to conflicts of law principles that would result in the application of the substantive
laws of another jurisdiction. The parties hereto (i) all agree that any action, proceeding, claim or dispute arising out of, or
relating in any way to, this Letter Agreement shall be brought and enforced in the courts of New York City, in the State of New
York, and irrevocably submit to such jurisdiction and venue, which jurisdiction and venue shall be exclusive and (ii) waive any
objection to such exclusive jurisdiction and venue or that such courts represent an inconvenient forum.

 

18.               
Any notice, consent or request to be given in connection with any of the terms or provisions of this Letter Agreement shall
be in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested),
by hand delivery or facsimile transmission.

 

19.               
This Letter Agreement shall terminate on the earlier of (i) the expiration of the Lock-up Periods and (ii) the liquidation
of the Company; provided, however, that this Letter Agreement shall earlier terminate in the event that the Public
Offering is not consummated by December 31, 2021; provided further that paragraph 4 of this Letter Agreement shall survive
such liquidation.

 

[Signature Page Follows]

 

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	 	Sincerely,
	 	 
	 	GROUP
    NINE SPAC LLC
	 	 
	 	By:	 /s/ Sean Macnew
	 	 	Name:      Sean Macnew
	 	 	Title:        Chief Financial Officer

 

[Signature Page
to Letter Agreement]

 

     

     

    

 

	 	Sincerely,
	 	 
	 	/s/
    Ben Lerer
	 	Ben
    Lerer

 

[Signature Page to Letter Agreement]

 

     

     

    

 

	 	Sincerely,
	 	 
	 	/s/
    Brian Sugar
	 	Brian
    Sugar

 

[Signature Page to Letter Agreement]

 

     

     

    

 

	 	Sincerely,
	 	 
	 	 
	 	/s/
    Sean Macnew
	 	Sean
    Macnew

 

[Signature Page to Letter Agreement]

 

     

     

    

 

	 	Sincerely,
	 	 
	 	/s/
    Richard Parsons
	 	Richard
    Parsons

 

[Signature Page to Letter Agreement]

 

     

     

    

 

	 	Sincerely,
	 	 
	 	 
	 	/s/
    Jen Wong
	 	Jen
    Wong

 

[Signature Page to Letter Agreement]

 

     

     

    

 

	 	Acknowledged
    and Agreed:
	 	 
	 	GROUP
    NINE ACQUISITION CORP.
	 	 
	 	By:	 /s/ Sean Macnew
	 	 	Name: Sean Macnew
	 	 	Title: Chief Financial Officer

 

[Signature Page to Letter Agreement]Exhibit 10.2

 

Execution Version

 

INVESTMENT MANAGEMENT TRUST AGREEMENT

 

This Investment Management Trust Agreement
(this “Agreement”) is made effective as of January 14, 2021, by and between Group Nine Acquisition Corp.,
a Delaware corporation (the “Company”), and Continental Stock Transfer & Trust Company, a New York
limited purpose trust company (the “Trustee”).

 

WHEREAS, the Company’s registration
statement on Form S-1, File No. 333-251560 (the “Registration Statement”) and prospectus (the “Prospectus”)
for the initial public offering of the Company’s units (the “Units”), each of which consists of
one share of the Company’s Class A common stock, par value $0.0001 per share (“Common Stock”),
and one-third of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Common Stock,
subject to adjustment (such initial public offering hereinafter referred to as the “Offering”), has been
declared effective as of the date hereof by the U.S. Securities and Exchange Commission; and

 

WHEREAS, the Company has entered into an
Underwriting Agreement, dated as of January 14, 2021 (the “Underwriting Agreement”), with Barclays Capital
Inc. and Code Advisors LLC, as representatives (the “Representatives”) of the several underwriters (the
 “Underwriters”) named therein; and

 

WHEREAS, as described in the Prospectus,
$200,000,000 of the gross proceeds of the Offering and sale of the Private Placement Warrants (as defined in the Underwriting Agreement)
(or $230,000,000 if the Underwriters’ over-allotment option is exercised in full) will be delivered to the Trustee to be
deposited and held in a segregated trust account located at all times in the United States (the “Trust Account”)
for the benefit of the Company, the holders of the shares of Common Stock included in the Units issued in the Offering and the
Underwriters as hereinafter provided (the amount to be delivered to the Trustee (and any interest subsequently earned thereon)
is referred to herein as the “Property,” the stockholders for whose benefit the Trustee shall hold the
Property are referred to as the “Public Stockholders,” and the Public Stockholders, the Company and the
Underwriters are referred to together as the “Beneficiaries”); and

 

WHEREAS, pursuant to the Underwriting Agreement,
a portion of the Property equal to $7,000,000, or $8,050,000 if the Underwriters’ over-allotment option is exercised in full
(the “General Deferred Discount” which, for the avoidance of doubt, excludes the Code Deferred Initial
Discount (as defined below)), is attributable to deferred underwriting discounts and commissions that will be payable by the Company
to the Underwriters upon and concurrently with the consummation of a Business Combination (as defined below); and

 

WHEREAS, in connection with the Offering,
and in addition to its agreement to defer its portion of the General Deferred Discount referred to above, Code Advisors LLC has
agreed to defer its portion of the initial underwriting discount of $0.20 per Unit, which portion is equal to $1,600,000 or $1,840,000
if the Underwriters’ over-allotment option is exercised in full (such amount additionally deferred by Code Advisors LLC,
the “Code Deferred Initial Discount”), until the earlier of (i) the consummation of a Business Combination
and (ii) December 31, 2021; and

 

     

     

    

 

WHEREAS, the Code Deferred Initial Discount
constitutes a portion of the Property until paid in full by the Company; and

 

WHEREAS, the Company and the Trustee desire
to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall hold the Property.

 

NOW THEREFORE, IT IS AGREED:

 

1.            Agreements and Covenants of Trustee. The
Trustee hereby agrees and covenants to:

 

(a)            
Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in the Trust Account, which
Trust Account shall be established by the Trustee in the United States at a U.S. chartered commercial bank with consolidated assets
of $100 billion or more in the United States and maintained by the Trustee, and at a brokerage institution selected by the Trustee
that is reasonably satisfactory to the Company;

 

(b)            
Manage, supervise and administer the Trust Account subject to the terms and conditions set forth herein;

 

(c)            
In a timely manner, upon the written instruction of the Company, invest and reinvest the Property solely in United States
government securities within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment
Company Act”), having a maturity of 185 days or less, or in money market funds meeting the conditions of paragraphs
(d)(1), (d)(2), (d)(3) and (d)(4) of Rule 2a-7 promulgated under the Investment Company Act (or any successor rule), which invest
only in direct U.S. government treasury obligations, as determined by the Company; the Trustee may not invest in any other securities
or assets, it being understood that the Trust Account will earn no interest while account funds are uninvested awaiting the Company’s
instructions hereunder and the Trustee may earn bank credits or other consideration during such periods;

 

(d)             Collect and receive, when due, all principal, interest or other income arising from the Property, which shall become part
of the Property, as such term is used herein;

 

(e)             Promptly
notify the Company and the Representatives of all communications received by the Trustee with respect to any Property requiring
action by the Company;

 

(f)              Supply any necessary information or documents as may be requested by the Company (or its authorized agents) in connection
with the Company’s preparation of the tax returns relating to assets held in the Trust Account or in connection with the
preparation or completion of the audit of the Company’s financial statements by the Company’s auditors;

 

(g)             Participate in any plan or proceeding for protecting or enforcing any right or interest arising from the Property if, as
and when instructed by the Company to do so;

 

(h)             Render to the Company, and to such other persons as the Company may instruct, monthly written statements of the activities
of, and amounts in, the Trust Account reflecting all receipts and disbursements of the Trust Account;

 

    2

     

    

 

(i)              Commence liquidation of the Trust Account only after and promptly after (x) receipt of, and only in accordance with, the
terms of a letter from the Company (“Termination Letter”) in a form substantially similar to that attached
hereto as either Exhibit A or Exhibit B, as applicable, signed on behalf of the Company by its Chief Executive Officer,
Chief Financial Officer or Secretary or the Chairman of its Board of Directors (the “Board”) or by any
other authorized officer of the Company, and complete the liquidation of the Trust Account and distribute the Property in the Trust
Account, including interest earned on the funds held in the Trust Account (net of taxes payable and, in the case of a Termination
Letter in the form of Exhibit B hereto, less up to $100,000 of interest that may be released to the Company to pay dissolution
expenses), only as directed in the Termination Letter and the other documents referred to therein, or (y) the date which is, the
later of (1) 24 months after the closing of the Offering and (2) such later date as may be approved by the Company’s stockholders
in accordance with the Company’s amended and restated certificate of incorporation, as the same may be amended (the “Certificate
of Incorporation”), if a Termination Letter has not been received by the Trustee prior to such date, in which case
the Trust Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached hereto as
Exhibit B and the Property in the Trust Account, including interest earned on the funds held in the Trust Account (net of
taxable payable and less up to $100,000 of interest that may be released to the Company to pay dissolution expenses) shall be distributed
to the Public Stockholders of record as of such date. It is acknowledged and agreed that there should be no reduction in the principal
amount per share initially deposited in the Trust Account;

 

(j)              Upon
written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto
as Exhibit C (a “Withdrawal Instruction”), withdraw from the Trust Account and distribute to
the Company the amount of interest earned on the Property requested by the Company to cover any tax obligations owed by the Company
as a result of assets of the Company or interest or other income earned on the Property, which amount shall be delivered directly
to the Company by electronic funds transfer or other method of prompt payment, and the Company shall forward such payment to the
relevant taxing authority; provided, however, that to the extent there is not sufficient cash in the Trust Account
to pay such tax obligation, the Trustee shall liquidate such assets held in the Trust Account as shall be designated by the Company
in writing to make such distribution; so long as such distribution shall not result in a reduction in the principal amount initially
deposited in the Trust Account; provided, however, that if the tax to be paid is a franchise tax, the written request
by the Company to make such distribution shall be accompanied by a copy of the franchise tax bill from the State of Delaware for
the Company and a written statement from the principal financial officer of the Company setting forth the actual amount payable
(it being acknowledged and agreed that no amount in excess of interest income earned on the Property shall be payable from the
Trust Account). The written request of the Company referenced above shall constitute presumptive evidence that the Company is
entitled to said funds, and the Trustee shall have no responsibility to look beyond said request;

 

(k)             Upon
written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto
as Exhibit D (a “Stockholder Redemption Withdrawal Instruction”), the Trustee shall distribute
on behalf of the Company the amount requested by the Company to be used to redeem shares of Common Stock from Public Stockholders
properly submitted for redemption in connection with a stockholder vote to approve an amendment to the Certificate of Incorporation
(A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the Company’s
initial Business Combination or the Company’s obligation to redeem 100% of the shares of Common Stock including in the Units
sold in the Offering (such shares, the “Public Shares”) if the Company has not consummated an initial
Business Combination within such time as is described in the Certificate of Incorporation or (B) with respect to any other provision
relating to stockholders’ rights or pre-initial Business Combination activity. The written request of the Company referenced
above shall constitute presumptive evidence that the Company is entitled to distribute said funds, and the Trustee shall have
no responsibility to look beyond said request; and

 

    3

     

    

 

(l)              Not make any withdrawals or distributions from the Trust Account other than pursuant to Section 1(i), (j)
or (k) above.

 

2.            Agreements
and Covenants of the Company. The Company hereby
agrees and covenants to:

 

(a)             Give all instructions to the Trustee hereunder in writing, signed by the Company’s Chairman of the Board, Chief Executive
Officer, Chief Financial Officer or Secretary or another authorized officer of the Company. In addition, except with respect to
its duties under Sections 1(i), (j) and (k) hereof, the Trustee shall be entitled to rely on, and shall
be protected in relying on, any verbal or telephonic advice or instruction which it, in good faith and with reasonable care, believes
to be given by any one of the persons authorized above to give written instructions, provided that the Company shall promptly confirm
such instructions in writing;

 

(b)             Subject
to Section 4 hereof, hold the Trustee harmless and indemnify the Trustee from and against any and all documented expenses,
including reasonable outside counsel fees and disbursements, or losses suffered by the Trustee in connection with any action taken
by it hereunder and in connection with any action, suit or other proceeding brought against the Trustee involving any claim, or
in connection with any claim or demand, which in any way arises out of or relates to this Agreement, the services of the Trustee
hereunder, or the Property or any interest earned on the Property, except for expenses and losses resulting from the Trustee’s
gross negligence, fraud or willful misconduct. Promptly after the receipt by the Trustee of notice of demand or claim or the commencement
of any action, suit or proceeding, pursuant to which the Trustee intends to seek indemnification under this Section 2(b),
it shall notify the Company in writing of such claim (hereinafter referred to as the “Indemnified Claim”).
The Trustee shall have the right to conduct and manage the defense against such Indemnified Claim; provided that the Trustee
shall obtain the consent of the Company with respect to the selection of counsel, which consent shall not be unreasonably withheld.
The Trustee may not agree to settle any Indemnified Claim without the prior written consent of the Company, which such consent
shall not be unreasonably withheld. The Company may participate in such action with its own counsel;

 

(c)             Pay the Trustee the fees set forth on Schedule A hereto, including an initial acceptance fee, annual administration
fee, and transaction processing fee which fees shall be subject to modification by the parties from time to time. It is expressly
understood that the Property shall not be used to pay such fees unless and until it is distributed to, or on behalf of, the Company
pursuant to Section 1(i) hereof. The Company shall pay the Trustee the initial acceptance fee and the first annual
administration fee at the consummation of the Offering. The Company shall not be responsible for any other fees or charges of the
Trustee except as set forth in this Section 2(c), Schedule A and as may be provided in Section 2(b)
hereof;

 

    4

     

    

 

(d)            
In connection with any vote of the Company’s stockholders regarding any merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination involving the Company and one or more businesses (a “Business
Combination”), provide to the Trustee an affidavit or certificate of the inspector of elections for the stockholder
meeting verifying the vote of such stockholders regarding such Business Combination;

 

(e)            
Provide the Representatives with a copy of any Termination Letter(s) and/or any other correspondence that is sent to the
Trustee with respect to any proposed withdrawal from the Trust Account promptly after it issues the same;

 

(f)              Instruct the Trustee to make only those distributions that are permitted under this Agreement, and refrain from instructing
the Trustee to make any distributions that are not permitted under this Agreement;

 

(g)             Expressly provide in any Instruction Letter (as defined in Exhibit A) delivered in connection with a Termination
Letter in the form attached hereto as Exhibit A that (A) the General Deferred Discount be paid directly to
the account or accounts directed by the Representatives and (B) any portion of the Code Deferred Initial Discount remaining outstanding
at that time, if any, be paid directly to the account or accounts directed by Code Advisors LLC; and

 

(h)             Within
four (4) business days after the Underwriters’ exercise of the over-allotment option (or any unexercised portion thereof)
or such over-allotment option expires, provide the Trustee with a notice in writing of the total amount of (A) the General Deferred
Discount, which shall in no event be less than $7,000,000 (or $8,050,000 if the Underwriters’ over-allotment option is exercised
in full) and (B) the Code Deferred Initial Discount, which shall in no event be less than $1,600,000 (or $1,840,000 if the Underwriters’
over-allotment option is exercised in full).

 

3.           
Limitations of Liability. The Trustee shall
have no responsibility or liability to:

 

(a)             Imply
obligations, perform duties, inquire or otherwise be subject to the provisions of any agreement or document other than this Agreement
and that which is expressly set forth herein;

 

(b)             Take any action with respect to the Property, other than as directed in Section 1 hereof, and the Trustee shall
have no liability to any party under this Agreement except for liability arising out of the Trustee’s gross negligence, fraud
or willful misconduct;

 

(c)            
Institute any proceeding for the collection of any principal and income arising from, or institute, appear in or defend
any proceeding of any kind with respect to, any of the Property unless and until it shall have received written instructions from
the Company given as provided herein to do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any
expenses incident thereto;

 

    5

     

    

 

(d)             Change the investment of any Property, other than in compliance with Section 1 hereof;

 

(e)             Refund any depreciation in principal of any Property;

 

(f)              Assume that the authority of any person designated by the Company to give instructions hereunder shall not be continuing
unless provided otherwise in such designation, or unless the Company shall have delivered a written revocation of such authority
to the Trustee;

 

(g)             The
Company or to anyone else for any action taken or omitted by it, or any action suffered by it to be taken or omitted, in good
faith and in the Trustee’s best judgment, except for the Trustee’s gross negligence, fraud or willful misconduct.
The Trustee may rely conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion or advice
of counsel (including counsel chosen by the Trustee, which counsel may be the Company’s counsel), statement, instrument,
report or other paper or document (not only as to its due execution and the validity and effectiveness of its provisions, but
also as to the truth and acceptability of any information therein contained) which the Trustee believes, in good faith and with
reasonable care, to be genuine and to be signed or presented by the proper person or persons. The Trustee shall not be bound by
any notice or demand, or any waiver, modification, termination or rescission of this Agreement or any of the terms hereof, unless
evidenced by a written instrument delivered to the Trustee, signed by the proper party or parties and, if the duties or rights
of the Trustee are affected, unless it shall give its prior written consent thereto;

 

(h)            
Verify the accuracy of the information contained in the Registration Statement;

 

(i)              Provide
any assurance that any Business Combination entered into by the Company or any other action taken by the Company is as contemplated
by the Registration Statement;

 

(j)             
File information returns with respect to the Trust Account with any local, state or federal taxing authority or provide
periodic written statements to the Company documenting the taxes payable by the Company, if any, relating to any interest income
earned on the Property;

 

(k)            
Prepare, execute and file tax reports, income or other tax returns and pay any taxes with respect to any income generated
by, and activities relating to, the Trust Account, regardless of whether such tax is payable by the Trust Account or the Company,
including, but not limited to, franchise and income tax obligations, except pursuant to Section 1(j) hereof; or

 

(l)             
Verify calculations, qualify or otherwise approve the Company’s written requests for distributions pursuant to Sections 1(i),
(j) and (k) hereof.

 

4.            Trust Account Waiver. The Trustee has no
right of set-off or any right, title, interest or claim of any kind (“Claim”) to, or to any monies in,
the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it may have now or in
the future. In the event the Trustee has any Claim against the Company under this Agreement, including, without limitation, under
Section 2(b) or (c) hereof, the Trustee shall pursue such Claim solely against the Company and
its assets outside the Trust Account and not against the Property or any monies in the Trust Account.

 

    6

     

    

 

5.           
Termination. This Agreement shall terminate
as follows:

 

(a)            
If the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use
its reasonable efforts to locate a successor trustee, pending which the Trustee shall continue to act in accordance with this Agreement.
At such time that the Company notifies the Trustee that a successor trustee has been appointed by the Company and has agreed to
become subject to the terms of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor
trustee, including but not limited to the transfer of copies of the reports and statements relating to the Trust Account, whereupon
this Agreement shall terminate; provided, however, that in the event that the Company does not locate a successor
trustee within ninety (90) days of receipt of the resignation notice from the Trustee, the Trustee may submit an application to
have the Property deposited with any court in the State of New York or with the United States District Court for the Southern District
of New York and upon such deposit, the Trustee shall be immune from any liability whatsoever; or

 

(b)            
At such time that the Trustee has completed the liquidation of the Trust Account and its obligations in accordance with
the provisions of Section 1(i) hereof and distributed the Property in accordance with the provisions of the Termination
Letter, this Agreement shall terminate except with respect to Section 2(b).

 

6.           
Miscellaneous.

 

(a)             The Company and the Trustee each acknowledge that the Trustee will follow the security procedures set forth below with respect
to funds transferred from the Trust Account. The Company and the Trustee will each restrict access to confidential information
relating to such security procedures to authorized persons. Each party must notify the other party immediately if it has reason
to believe unauthorized persons may have obtained access to such confidential information, or of any change in its authorized personnel.
In executing funds transfers, the Trustee shall rely upon all information supplied to it by the Company, including, account names,
account numbers, and all other identifying information relating to a Beneficiary, Beneficiary’s bank or intermediary bank.
Except for any liability arising out of the Trustee’s gross negligence, fraud or willful misconduct, the Trustee shall not
be liable for any loss, liability or expense resulting from any error in the information or transmission of the funds.

 

(b)             This
Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving
effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. This
Agreement may be executed in several original or facsimile counterparts, each one of which shall constitute an original, and together
shall constitute but one instrument.

 

(c)            
This Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter
hereof. Except for Sections 1(i), 1(j) and 1(k) hereof (which sections may not be modified, amended
or deleted without the affirmative vote of sixty-five percent (65%) or more of the then outstanding shares of Common Stock and
Class B common stock, par value $0.0001 per share, of the Company, voting together as a single class; provided
that no such amendment will affect any Public Stockholder who has properly elected to redeem his, her or its Public Shares in connection
with a stockholder vote to amend this Agreement), this Agreement or any provision hereof may only be changed, amended or
modified (other than to correct a typographical error) by a writing signed by each of the parties hereto; provided, however, that
no such change, amendment or modification to Section 1(i), 2(g) or Exhibit A may
be made without the prior written consent of the Representatives.

 

    7

     

    

 

(d)            
The parties hereto consent to the jurisdiction and venue of any state or federal court located in the City of New York,
State of New York, for purposes of resolving any disputes hereunder. AS TO ANY CLAIM, CROSS-CLAIM OR COUNTERCLAIM IN ANY WAY
RELATING TO THIS AGREEMENT, EACH PARTY WAIVES THE RIGHT TO TRIAL BY JURY.

 

(e)            
Any notice, consent or request to be given in connection with any of the terms or provisions of this Agreement shall be
in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested),
by hand delivery or by electronic mail:

 

if to the Trustee, to:

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf and Celeste Gonzalez

Email: fwolf@continentalstock.com

Email: cgonzalez@continentalstock.com

 

if to the Company, to:

 

Group Nine Acquisition Corp.

568 Broadway

Floor 10

New York, New York 10012

Attn: Sean Macnew

E-mail: sean@groupninemedia.com

 

in each case, with copies to:

 

Latham & Watkins LLP

885 Third Avenue

New York, New York 100122

Attn: J. Peyton Worley, Ian D. Schuman

E-mail: Peyton.Worley@lw.com; Ian.Schuman@lw.com

 

    8

     

    

 

Latham & Watkins LLP

555 Eleventh Street, NW, Suite 1000

Washington, DC 20004

Attn: Shagufa Hossain

E-mail: Shagufa.Hossain@lw.com

 

If to the Underwriters, to:

 

Barclays Capital Inc.

745 Seventh Avenue

New
York, New York 10019

Attn: Syndicate Registration

 

CODE
Advisors LLC

921 Front Street

San Francisco, California 94111

Attn: General Counsel

 

and

 

Sidley
Austin LLP

One South Dearborn

Chicago, Illinois 60603

Attn: Michael P. Heinz

E-mail: mheinz@sidley.com

 

(f)              Each of the Company and the Trustee hereby represents that it has the full right and power and has been duly authorized
to enter into this Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges and
agrees that it shall not make any claims or proceed against the Trust Account, including by way of set-off, and shall not be entitled
to any funds in the Trust Account under any circumstance.

 

(g)            
This Agreement is the joint product of the Trustee and the Company and each provision hereof has been subject to the mutual
consultation, negotiation and agreement of such parties and shall not be construed for or against any party hereto.

 

(h)             This
Agreement may be executed in counterparts, each of which when so executed shall be deemed to be an original and all of which when
taken together shall constitute one and the same instrument. The words “execution,” “signed,” “signature,”
and words of like import in this Agreement or in any other certificate, agreement or document related to this Agreement shall
include images of manually executed signatures transmitted by facsimile or other electronic format (including, without limitation,
 “pdf,” “tif” or “jpg”) and other electronic signatures (including, without limitation, DocuSign
and AdobeSign). The use of electronic signatures and electronic records (including, without limitation, any contract or other
record created, generated, sent, communicated, received, or stored by electronic means) shall be of the same legal effect, validity
and enforceability as a manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted
by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic
Signatures and Records Act and any other applicable law, including, without limitation, any state law based on the Uniform Electronic
Transactions Act or the Uniform Commercial Code.

 

(i)             
Each of the Company and the Trustee hereby acknowledges and agrees that the Representatives, on behalf of the Underwriters,
are third party beneficiaries of this Agreement.

 

(j)             
Except as specified herein, no party to this Agreement may assign its rights or delegate its obligations hereunder to any
other person or entity.

 

[Signature Page Follows]

 

    9

     

    

 

IN
WITNESS WHEREOF, the parties have duly executed this Investment Management Trust Agreement as of the date first written
above.

 

	 	
        CONTINENTAL STOCK TRANSFER
 &

        TRUST COMPANY, as Trustee

	 	 
	 	By:	
        /s/ Francis Wolf

	 	Name:	Francis Wolf
	 	Title:	Vice President 
	 	 	 
	 	
        GROUP NINE ACQUISITION CORP.

	 	 
	 	By:	
        /s/ Sean Macnew

	 	Name:	Sean Macnew 
	 	Title:	Chief Financial Officer 

 

[Signature Page
to Investment Management Trust Agreement]

 

     

     

    

 

SCHEDULE A

 

[Provided]

 

 

     

     

    

 

Exhibit
A

[Letterhead of Company]

[Insert date]

 

Continental
Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf and Celeste Gonzalez

 

Re: Trust Account - Termination Letter

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(i) of the Investment
Management Trust Agreement between Group Nine Acquisition Corp. (the “Company”) and Continental Stock
Transfer & Trust Company (the “Trustee”), dated as of January 14, 2021 (the “Trust Agreement”),
this is to advise you that the Company has entered into an agreement with ____________ (the “Target Business”)
to consummate a business combination with Target Business (the “Business Combination”) on or about [insert
date]. The Company shall notify you at least seventy-two (72) hours in advance of the actual date (or such shorter time period
as you may agree) of the consummation of the Business Combination (the “Consummation Date”). Capitalized
terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

In accordance with the terms of the Trust
Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account, such that, on the Consummation
Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company,
the Representatives, solely with respect to the General Deferred Discount, and Code Advisors LLC, solely with respect to any outstanding
portion of the Code Deferred Initial Discount, shall direct on the Consummation Date. It is acknowledged and agreed that while
the funds are on deposit in the Trust Account awaiting distribution, none of the Company or the Representatives will earn any interest
or dividends.

 

On the Consummation Date (i) counsel for
the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated
substantially, concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”)
and (ii) the Company shall deliver to you (a) a certificate of the Chief Executive Officer of the Company (the “Vote
Verification Certificate”), which verifies that either (i) the Business Combination has been approved by a vote of
the Company’s stockholders, if a vote is held or (ii) no vote of the Company’s stockholders for the approval of the
Business Combination is required and none has been held, and (b) a joint written instruction (which joint written instruction shall
state whether any portion of the Code Deferred Initial Discount remains outstanding and, if any portion is outstanding, the amount
that is outstanding) signed by the Company and the Representatives with respect to the transfer of the funds held in the Trust
Account, including payment of amounts owed to Public Stockholders who have properly exercised their redemption rights and express
instructions to pay the General Deferred Discount from the Trust Account directly to the account or accounts directed by the Representatives
and, if applicable, to pay any portion of the Code Deferred Initial Discount remaining outstanding to the account or accounts directed
by Code Advisors LLC (the “Instruction Letter”). You are hereby directed and authorized to transfer the
funds held in the Trust Account immediately upon your receipt of the Notification, the Vote Verification Certificate and the Instruction
Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may
not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company
shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to
the Company. Upon the distribution of all the funds, net of any payments necessary for reasonable unreimbursed expenses related
to liquidating the Trust Account, your obligations under the Trust Agreement shall be terminated.

 

    A-1

     

    

 

In the event that the Business Combination
is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original
Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds
held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately
following such original Consummation Date as set forth in such notice as soon thereafter as possible.

 

	 	
        Very truly yours,

	 	 
	 	Group Nine Acquisition Corp.
	 	 
	 	By:	

	 	 	Name:
	 	 	Title:

 

	Cc:	Barclays Capital Inc.

	 	Code Advisors LLC

 

    A-2

     

    

 

Exhibit
B

[Letterhead of Company]

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf and Celeste Gonzalez

 

Re: Trust Account - Termination Letter

 

Dear Mr. Wolf and Ms. Gonzalez: 

 

Pursuant to Section 1(i) of the Investment
Management Trust Agreement between Group Nine Acquisition Corp. (the “Company”) and Continental Stock
Transfer & Trust Company (the “Trustee”), dated as of January 14, 2021 (the “Trust Agreement”),
this is to advise you that the Company has been unable to effect a Business Combination within the time frame specified in the
Certificate of Incorporation, as described in the Company’s Prospectus relating to the Offering. Capitalized terms used but
not defined herein shall have the meanings set forth in the Trust Agreement.

 

In accordance with the terms of the Trust
Agreement, we hereby authorize you to liquidate all of the assets in the Trust Account and keep the total proceeds thereof in the
Trust Account to await distribution to the Public Stockholders. The Company has selected __________ as the effective date for the
purpose of determining when the Public Stockholders will be entitled to receive their share of the liquidation proceeds. It is
acknowledged that no interest will be earned by the Company on the liquidation proceeds while on deposit in the Trust Account.
You agree to be the Paying Agent of record and, in your separate capacity as Paying Agent, agree to distribute said funds directly
to the Public Stockholders in accordance with the terms of the Trust Agreement and the Certificate of Incorporation. Upon the distribution
of all the funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account,
your obligations under the Trust Agreement shall be terminated, except to the extent otherwise provided in Section 1(i)
of the Trust Agreement.

 

	 	
        Very truly yours,

	 	 
	 	
        Group Nine Acquisition Corp.

	 	 
	 	By:	

	 	 	Name:
	 	 	Title:

 

	Cc:	Barclays Capital Inc.

	 	Code Advisors LLC

 

    B-1

     

    

 

Exhibit
C

[Letterhead of Company]

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf and Celeste Gonzalez

 

Re: Trust Account Tax Payment Withdrawal
Instruction

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(j) of
the Investment Management Trust Agreement between Group Nine Acquisition Corp. (the “Company”) and Continental
Stock Transfer & Trust Company (the “Trustee”), dated as of January 14, 2021 (the “Trust
Agreement”), the Company hereby requests that you deliver to the Company $_____________ of the interest income earned
on the Property as of the date hereof. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust
Agreement.

 

The Company needs such funds to pay for
the tax obligations as set forth on the attached tax return or tax statement. In accordance with the terms of the Trust Agreement,
you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to
the Company’s operating account at:

 

[WIRE INSTRUCTION INFORMATION]

 

	 	
        Very truly yours,

	 	 
	 	
        Group Nine Acquisition Corp.

	 	 
	 	By:	

	 	 	Name:
	 	 	Title:

 

	Cc:	Barclays Capital Inc.

	 	Code Advisors LLC

 

    C-1

     

    

 

Exhibit
D

[Letterhead of Company]

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf and Celeste Gonzalez

 

Re: Trust Account - Stockholder Redemption
Withdrawal Instruction

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(k) of
the Investment Management Trust Agreement between Group Nine Acquisition Corp. (the “Company”) and Continental
Stock Transfer & Trust Company (the “Trustee”), dated as of January 14, 2021 (“Trust Agreement”),
the Company hereby requests that you deliver $____ of the principal and interest income earned on the Property as of the date hereof
to the Public Stockholders who have properly elected to have their Public Shares redeemed by the Company as described below. Capitalized
terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

The Company needs such funds to pay the
Public Stockholders who have properly elected to have their Public Shares redeemed by the Company in connection with a stockholder
vote to approve an amendment to the Certificate of Incorporation (A) to modify the substance or timing of the Company’s obligation
to allow redemption in connection with the Company’s initial Business Combination or to redeem 100% of the Public Shares
if the Company has not consummated its initial Business Combination within such time as is described in the Certificate of Incorporation
or (B) with respect to any other provision relating to stockholders’ rights or pre-initial Business Combination activity.
As such, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter
to a segregated account held by you on behalf of such Public Stockholders in accordance with your customary procedures.

 

	 	
        Very truly yours,

	 	 
	 	
        Group Nine Acquisition Corp.

	 	 
	 	By:	

	 	 	Name:
	 	 	Title:

 

	Cc:	Barclays
Capital Inc.

	 	Code Advisors LLC

 

    D-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00319-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00319-of-00352.parquet"}]]